New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-04-13
OFFICE OF THE
ATCHlSON, Topeka 6
SANTA Re R. R. co.,
No. 95 Milk Street,
p. o. BOX s4s. BOSTON, April 7. 1891
TO THE
FIRST PREFERRED STOCKHOLDERS,
st. Louis & San Francisco Railway
Company:

Tho Circular No g. issued by Atchison Company 70
It's Stockholders and dated May 49, 1890 explained he
manner in which tho COMMON and PREFBRRED SroCh
OF the ST. LOUIS & SAN FRANCISCO RAILWAY COM
PANY were exchanged stock OF the Atchson COMPANY
1t further stated that the FIRST PREBEhsED s1oOh
Of tho St. Francisco Railway Company oeins
that held by yourselves and amounting 70 4oOVo
the par value Of g. 800 000 not disturbed anu 30
t has remained until now when the Atehson Company -
enabled judge from practical experience ana
upon what to base equitable proposal 70 te hou
for Interchange Of securities
The many complications arising from the cohsrol oi sao
Atlantic Pacific Railroad Company being exercised jonty
by the Atchlson and the St. Louis San Francisco Com
panics and the hopeessness Of working under dVioeu
ownership railways really comprised In one system
OF which the Atlantic Pacific Railroad was an integral
portion constituted the prime factors in determining the
Ahson Company TO acquire the stocks Of the St Louis
San Company at the time it did So and thus TO
remove all conflicting internal interests.
The Management OF the St. Louis and San Francisco
Railway Company has decided to issue New Consolidated
four per cent Gold Bond covering all Of its properties
equipment lands, and realities, In amount OoOoo'
subject only prior liens Of present outstanding mortgages
securing Bonds which will be gradually retired by the
operation their respective Sinking Funds and aurtcs
aud be replaced by the new Bonds.
The present total outstanding Dire Mortgage Bond
issues of ST. Louis and San Francisco Railway Com
pany on its own leased lines IS $50 o77,5oo This
will leave s13 10000 New Consolidated four per cent
Gold Bonds available for the following purposes;
To provide for retirement OF s2,S0OOOo.OO Atlantic
and Pacific Railroad Company's Second Mortgage six per
cent Bonds guaranteed both for principal and interest
by the st. Louis and San Francisco Railway Company
provide complete and proper facilities and machinery
with which conduct operations In the nature OF Round
Houses, Machine Shops, Station and other buildings
improved bridges and equipment to complete the road and
to place the company and properties in sound financial
and physical condition.
The ATCHisON COMPANY will offer S4,500,000
ftho New Bonds of the ~. Louis IL san Francisco
Railway Company, VIXEN issued, 90 the holders OF 40
Louis and san francisco Railway COmpnnys First
Preferred stock sis of exchange of par for
each share stock being entitled TO 500 In the New
Bonds. These bonds draw Interest from October L,
1890. Mt four per cent. The Atchison Company also
will extend this four cent iatcrest back 10 Janu-
airy /, 1890. that First Preferred stockholders
upon surrender of their certificates of stock, will re-
ceve par the New Bonds and Int crest In cash nj four
per cent continuously from January 1. 1890.
Holders of First Preferred stock of the 81 Louis d
Francisco Railway Company desiring to make the
exchange proposed will please apply for blank forms
of eptauce and for any Information desired, to the
Vice. President, 9J Milk ST., Boston.
GEORGE c. MAGOUN. Chairman
J. w. REINHART, Vice. President.