The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-05-24
ATCHISON'S BIG PURCHASE.
TERMS UPON WHICH THE ST. LOUIS AND
SAN FRANCISCO ROAD WAS BoUGHE.

Advantages AccruIng to the Atchi-ou, To-
pekR, and santa Fe Set Forth In
OncInI Circular 60 tho stockh Olders.
The terms OF the much discussed purchase
by the Atchison, Topeka and Santa F6 system
OF the St Louis and san Francisco are at last
announced The financial public has been
very curious to know these terms since tho
announcement Of the purchase was made. SOW
eral days ago, but those Interested have guard
ed their secret very carefully until all tho de-
tails should be arranged satisfactorily. The
terms OF tho purchase are given to the public
FOR the first time this morning.
Yesterday q messenger cauo down from
Boston bringing number of COPIES Of the cir
cular containing the news but these were
carefully kept from tho public last night. The
circular is dated May %, is addressed to tho
Atchison, Topeka and Santa FL stockholders.
and is signed by Chairman Maguun. The i'd
NhntaRes aCcfuinE to tho AtCnison, Topeka
and santa FG through tho purchase arc set
forth Ra follows:
the financial 5sa%GlaOn Of y"gr comsny having
dent voluntarily Accepted Gy Your security boiJetS
unSH son pn Sr &M y"@T rTGST pGsd
dent 10 sodity anu PERFECT groGtaph'cal position
ten, and the important interests ii controls and your
through transeontinynial Inc are connected and
with the 81 Louis and san fta4c,sc5 Eway COMPANY.
sssGndng from iron ,rp point near AEGgutraqo NJ on
and TO NoAve, cal. on tho southern i4cic Railway
stmortant section Of your through line has been
}Hnty onsFa'vI pS tme Two som,r%rG
forn.a line AMI ny tie s. Logs and san francisco
part Of is st Louis Caiiiornia line ''"'
The complications, ADVERTISEMENTS and restrictions
Ownership have neen many an expensive, and, AS
to announce ihnt t0oy have now conciuIei moaot,e.
tons tor the purchase OF the st Louis and san Franz
Halfway thus tile OF this
PIE pTpnSrS a. !" Hrt OF the A;is"n stem remoy
California ana racihc coast line and placing ne t"n
property and upon such terms As yor directors believe
To De atyanaseons ~ every respect . your company
Comrany short and direct eom..em%n ns'%eep the
NO. and rSTh Teas on your G@f dvton and
large portion OF the traffic Of Texas hera
totorc not carrie by your lines is now Insured through
this amalganlatlon. . -. ,....-,,.-
oS nms o rcos "ss t'Ih meme nG s achs
tre ST Louis ami Francisco road Louis
S% so a in S%s
soiidated line from st Louis into Mexico
Tho total min track mileage Of tho st. Louis
To this is to be added one half Of the Atlantic
and pn.inc and the Wichita and Wosorn. The
cluded IN its mileage. Tho total mileage main
track Of tho 81. Louis and san, francisco sys-
The capital stock OF the 81. Louis aud Snn
francisco Company consists OF 4'UGO shares OF
1lrSL lUp,'ub S!lurtS oil preferred, ana
100 900 shares Of common. of which 3G,4O7
shares are held in tho treasury.
In the purchas" concluded the first preferred
stock is not disturbed and holder. OF pre-
fcrrcd stock rrccte ono and three eghths
shares Of AtchisOn tompanr's stock Tor one
share OF ST. Louis and San Francisco Halfway
Comnnny's stock, and holders ,f common stock
receive thrao-quartels of one shar" OF Atchisou
stock Tor one share of St Louis and san Franz
cisco Railway Company These figures reprc-
sent worry nearly tho present comparative
values of these stocks
Tho Atchison Company has issued now stock
worth at par value $2i.OJU.Unp. out OF this,
when all tho stock shall bavc been exchanged.
$2G.2Sj. 11j par will have peon delivered for tho
st. Louis and San Francisco ComramSs stock
and equities. leaving $7l4."2I. par vaiue, OF
now AtchiSon stocE to go Into THO treasury,
After the purchase tho capital stock will have
been increased .U7 Per mile Ol DAD.