New-York tribune., 1890-06-18
financial.
TO THE STOCKHOLDERS OF THE
OREGON & TRANSCONTINENTAL CO.

The Board of Directors have much pleasure i informing
lou that they have succeeded in making provision for the
payment Of the outstanding bond, Of the Company. The
Northern Pacnc Eainod Company having agreed 10 place
at our d o>al sufficient amount oi IL consolidated per
cent bonds for purpose contract ha, been entered
into with syndcatr under which the payment Of
the bonds under the terms Of the November l.
1890 Is assured The syndicate includes McSss. DrcNc
Morgan Co, J. :. Morgan Co., Of London, Drexci
Co., Srcycr & Co. Blown Bios. Co. Kuhn Loeb & Co..
l.. Holman & Co.. !. & W. Selgman \ Co, Winslow.
Lanicr Co. Edward Sweet Co. Lee lIirginson & Co.
John Rockefeller thu Dcut che Eank Bern, Jacob =
II. Stern. Trankorton-thc MAN. and i. Speyer Esscn
lrankiort-on. .thc.Main.
The obstacle 10 thc rec ii7aton Of the Company
having been removed your Board enabled to
determine the definite Of procedure To that end under
the authority vested in them at the meetings Of the stock
holders Of June L. 1850 and November ,. 1859 and
lay before you tho rorcani programme decided upon
II riou TO form corporation. whose charter
will any give the dosi red powers than the cN
i>'ing docs After careful consideration Of all me
questions nNONci by ourselves and by counsel II has been
decided under The law, o tho stat" o New
Jersey Tint the Of thc company shall he The
North Aluncan Company.
II first contemplated 10 roorr1n1" with smaller
capitalization than tho present one but very large majority
~toclhodcr, u jcctcd reduction. with tho
ccftained fully threcqulrtcrs Of the stock
holders INTENDED make the authorized capital o III"
coniauv nominal that of vour COMPANY
VIZ. 500 OOCu0o hu, ~ which only $4,000 ooO CORE
sponcinc 10 the outstanding stock Of your componr. ha
he issued.
are for hundred topsand paid shares of IT. stock
n par hundred dollar each for th" Outstanding
four hundred thousand shares oi your stock.
Thirty dsys will be allowed fo- oGocnc IN" oN1hanfe
Your Roaid IN arrange that stockholders who Do NOT
make the exchange ha have their share q m" a>s"S q
tho Company either in Kind in cash A. appraised
value In order to valuation tho fairness Of which
m shall be able 10 d'nto Tho Presidents ~ oi'c "'
the leading T-us, Conra9ies - Xer-Yor trv wlll be-
invited 10 mako g. should partial al" or d.-ibn' On
n the asset, become no-e,sarv the Company " hav" -
bo placed IN Of lqlidlton which 'an b. done ~
anv time und.r tho direction o h" Board ~ Dr'ctois -
authorized br tho SO kho.Gor. it ther m'c'ings.
Duo public ro.ce VIII ho gwen - N" src'os'iv" stop,
IN tho r.orrin,a,oa. explained IN tho foregoing hy THIS
Corranv a, we'll ~ bv tn n'r Company.
W. Do no. ls.l,a. 20 STRONGLY recommend IN afvan'"
n all s,ochodcr, como into tic now Company FOR N
follow nr reasons
d. There J., every ground n believe that he oar""r ~
tho new Conrany viii ho prosperous on" from the out'"
Tbcre VIII b. among D., .iorkhodr Ddl'fra- and ar'
m . ,oniry ard Europe Of a-ge nauenc" and resource"
and u can r,,y upon tn support o' strong financial groups
lsr- and aaro'd
-. It's Intended that the Comr,nv shall operate raniv
IN vo s,oial r.ds Onc j. that Of railroad nnan'i'sncS
A, we ar, certain ~ the regular custom 81 several large
and iro- porous railroad systems We can 'onhd0nty look
'orsarf 20 an c>ten-y" and urohthe b1'n in THIS con-
ncc,ion Tho other rrd wl b" The promotion ~ '''i'
OH, AID no,cr cnicrpr.. The suh,t'Gtiol o tie ecct
ght f-r other uminInts ani 81 electric Tor steam power
IN manufacturing and transportation. that i- h"" p gross
ing a Over tie civilized word and n""h'f m"" illl'
than in ,bis country offers tho greatest opportunities i'
tho lucrative crloynn: Of largo capital y f. expected
that tho Company VIII have Oh" closest anlai"n' -
ockhoGer ard otherwise "ith the Edison General fI''
rlc COMPANY and tie Thomson iop'ton Electric company
which two powerful corporations DO most Of the electric
cbnc and uo1rlv all tho business of cquppnF electric
l-oods in the Intcd states The general public have hut
limited Of the great growth already attained
hv the industries devoted 10 thc practical ap'aton q"
ccrcity and the enormous development o which they
ro cauabe But feel that the use Of your capita
in this direction will bring large returns.
More detailed information regarding tho new Company
m no subitted In it, formal invitation % You 70 become
stockholders In IT,
By order Of the Board Of Directors
HENRY WILLARD. President
New. York. juno 1G 1890.