New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-10-27
The proposed exchanges of Sc
cUrities are a. follows:

Holders Of the CONSOLIDATED MORTGAGE SEVEN
PER CFNt BONDS will receive nfty-ycar five per cent
bonds principal interest payable in gold with priority
n interest for five years all othcr bonds. The mort
gage securing these bonds is DO be the first lien on the
property now securing the Consolidated Sevens. Arrears
OF interest to be paid as follows:
Three e-half per Zone coupon in cash
the deposit Of the bond.
Three and one-hait cent coupon in four per
cent. gold bonds
For the balance OF tho interest June l. 1890 four
teen per the principal OF the said bonds Zone hun
dred and forty dollars each bond shall be paid in i've
per cent preferred stock
Holders OF GENERAL CONSOLIDATED MORT
GAGE SIX and FIVE PER CENT BONDS will receive
nftyyear four per bonds. principal and interest
PAYABLE IN gold The skies De exchanged dollar for
dollar and the nves at 30 for each dollar. The
mortgage securing these be the first lien on the
property securing the consolidated Skies and Ewes
OF interest to June ]. 1880. TO be paid IN
Five per cent. preferred stock, dollar for dollar
The present stock Of the an assessment
Of SEVEN DOLLARS AND ONEHALF 81 5O) per
share which it receives the sad Five per cent Pre-
ferred stock Four dollars share to be paid on or
before the day Of December, 1882 and the remaining
three and one.hai dollars Of the committee
THE COMMON STOCK IS exchanged fol new common
stock.
The issues Of these bonds reorganization
FIVE PER CENT BONDS S1S,0OO,O00
-FOUR PER CENT BONDS............-..--- 2sOOO,Oo0
sI6 OOO. 900
FIVE PER CENT PREFERRED STOCK. s1OOoO'ooo
COMMON 4'ooO'ooo
The amount required meet fixed charges on the pro-
posed new issue Of bonds will be s2,O7I,32o. This
amount includes s54, 800 interest," Bonneville Bridge
bonds which are affected by the reorganization
The average annual earnings OF the property from
1893 to 1897, inclusive. were s7,366,537
The gross earnings nine months and fifteen days OF
the present year. Jan. to Oct. IS. are S3,339s3O.
For the entire year they will amount 90 S7,3O9,s30
two mouths and one-half being estimated
The proper expenditure Of the amount raised by assess
mont and Of the current earnings will enable the railroad
beyond question earn sufficient to meet the fixed
charges above mentioned
The committee who agreed to conduct the reorgan
i,aton consists of FREDERIC p. oLCoTT. RICHARD
KING HENRY w. POOR. HENRY BULGE and COL
GATE HOYT.
The selection Of Board OF Directors to manage the
propcrty for three years is committed TO them
We earnestly invite YOU to examine the plan which is
herewith submitted and become party TO the proposed
by deposit Of bonds the payment Of
1.-The assessment your stock
The CENTRAL TRUST COMPANY Of New-York has
been designated the depository of the Committee
Copies reorganization agreement can be obtained
this Office.
BY ORDER OF THE
EXECUTIVE COMMITTEE OF
THE MISSOURI, KANSAS AND TEXAS RAILWAY
COMPANY.
H.K. ENOs Vice President.
Dated NETWORK. Oct. 49, 1882
We have examined the plan submitted and approved
lie terms and agree 10 cohouct "" ""h"so '' PA"P
reorganization.
Dated NETWORK Oct. o. 1889.
FREDERIC p. OLCOTT,
President Central Trust Company.
RICHARD KING,
(Bank OF CommeIce)
HENRY w. POOR,
Of Poor GreenOugh, Bankers
HENRY BULGE,
Of Hsllgarten Co.. Bankers.
COLGATE HOIT,
Of James Il. Colgate Co., Bankers