New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-06-19
financial.
TO THE STOCKHOLDERS OF THE
OREGON ( TRANSCONTINENTAL CO

Inc hoau Oh Directors have much pleasure IN informing
YOU tnat they have succeeded making provision for the
payment OF The outstanding bonds Of the Company. The
Northern Pacific Railroad Company having agreed to place
at our dIoal Sufficient consolidated per
cent bonds for purpose entered
into with strong syndicate under which the payment Of
the bonds uHdc the OF the November l.
1871 Is assured. The syndicate includes Mcssrs. Drcxcl
Morgan Il Co.. J. s. Morgan e. Co.. OF London. Drexel &
Co. Spycr & Co, Brown Bros & Co.. Kuhn Loeb & Co,
Il. Won Holman L Co. j. & w. seligman Co., Wnslow,
Lanicr & Co.. Edward Sweet e. Co. Lee Hircinson & Co.
John D. Rockefeller. the Deut>chc Bank berlin, Jacob S.
II. Stern Frankforon the MAN, ard L. Speyer.Elssen,
tr1ukort-o The. Main.
The main obstacle reorganization Company
having thus been removed. your Board enabled to
determine tho definite Of procedure that end under
the authority vested them meetings OF the stock
holders OF June H. 1880 and November 3. 1889 and
lay before the programo decided upon
III Is proposed 10 form corporation. whose charter
VIII more certainly give the desired powers than the
s'inr ono docs After careful consideration OF all the
questions involved by ourselves and by counsel IL has been
decided 10 rcorganzc under the laws Of the state Of New
Jersey aad that the Of the company shall DO The
North American Company.
IL wax first contemplated rcorcaDze with smaller
cap'fai ion than tho present but large majority
Of the stockholders objected "a reduction. With the
ccItained fully threc.qu1rters Of the stock
holders 10 l. Intended to make the authorized capital Of the
company tho nominal that Of your company
viz: $50 o0cp0o bu5 Of which only $4,000 900. CORE
be issued
The now Company VIII offer to exchange. share for
share four hundred thousand paid shares Of It's stock
of The hundred dollars each for the Outstanding
four hundred thousand shar Of your stock.
Thirty DAYS will be allowed for ting the ex'hanee
Your Board will arrange that stockholders who do not
the exchange their share Of the Of
the Company either In kind IN cash at appraised
value. order valuation the fairness Of which
no shall able dispute the Presidents Of three Of
tho adj Trtzf of Vow
invited make Il. Should partial sale or distribution
Of tho become necessary the Company VIII nave To
be placed in Of liquidation which be done at
time under the direction NJ the Board Of Directors a.
authorized hv the sioc kholder. ~ their meetings.
Due public notice will be given Of tho successive steps
in the reorganization explained tho foregoing by this
COMPANY. we'll as by the new Company
do not hesitate strongly recommend in advance
all stockholders into the Company, for the
following
~ There f. oycrv ground To believe that tho Of
the Company will be prosperous one from the outset
Their will BE- among stockholders individuals and firms
this and Europe Of large influence and resources
and can ray upon tho support Of strong financial groups
hora and abroad
O. II 9. intended that tho Company shall operate mainly
IN special fields ono l. that % railroad nnancicrng
~ are Of the regular custom Of several large
ard prosperous railroad systems confidently look
forward 70 an extensive and profitable business this
necton The other hed Will DO tho promotion 81 electric
and power enterprise Tho Substitution Of the electric
light for umnints and 81 81 ctrc for steam power
IN manufacturing and transportation that d, now progress
ing all over tho civilized world. and nowhere moro rapidly
than an This country offers the greatest ountc, for
tho lucrative employment Of l1rgc capital n j. cNr"c,'d
that the Company VIII the closest anlaton. g
ktolGor and otherwise. with the Edison General Flee
-c Comrany and tho Thomson Houston Electric Company
which TWO powerful corporations Do most Of he electric
lighting and nearly all the bushes, Of eqrippine electric
railroads IN tinted States The general public have but
limited understanding n tho cra' growth already attained
hy tie Industries devoted 70 the practical Application o.
Electricity and tie enormous Development Of which obey
,re cauaiIs Bu, feel that !c Of capital
IN III. dir.c'loa win hrin- largo rtuIns.
More d,;a..d Information REGARDING the new Company
viii De s.hn,td Ia 10, formal Invitation you become
s,oc kholdcr, IN lt-
By order Of tho Board Of Directors.
HENRY WILLARD President.
New.Yorx juno 10 1890.