New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-04-15
OFFICE OF THE
ATCHlsON, topeka 6
SANTA Re R. R. CO.,
No. 95 Milk Street,
P. O. BOX $40. BOSTON April 7. 1891.
TO THE
FIRST PREFERRED STOCKHOLDERS,
St. Louis G. San Francisco Railway
Company:

Tho Circular No o. issued by the Atchison Company 70
IL. stockholders and dated May 20. 1890 explained .he
manner in which the COMMON and PREFERRED STOCK
Of the ST LOUIS SAN FRANCISCO RAILWAY Oo@-
pANY were exchanged stock of the Atchson Company
IL further stated that the FIRST PREFERRhD eIooh
AZ the St. Louis & San Francisco Railway Company Des
that held by yourselves and amounting 10 4ooOo shafe
~ the par value OF 81 000 not disturbed ana so
has remained until now when the Atchson Company Is
enabled to Judge from practical experience and knowieoge
upon base equitable proposal 10 inc hOu
ers for an interchange Of securities
Tho many complications arising from the control Oh the
Atlantic Pacific Railroad Company being exercised Jointly
Inv the Atchlson and the ST. Louis San Francisco Com
panies and the hopeessness Of working under dVoeu
ownership three railways really comprised IN one system
OF which the Atlantic Pacific Railroad was an integral
norton constituted the prime factors In determining the
Atchson Company acquire the stocks OF the ST. Louis
San Francisco Company at the time 1t did So and thus 70
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 IT'S properties,
equipment lands and realities, In amount s5OO0OOOOO0
subject only prior liens Of present outstanding mortgages
securing Bonds which will be gradually retired by tho
operation Of their respective Sinking Funds and mauritcs
and be replaced by the Bonds
The present total outstanding Direct Mortgage Bond
issues of the st. Louis and San Francisco Railway Com
pany It's and leased lines is S36 077,500. This
Will leave s1 92 100 New Consolidated four cent
Gold Bonds available for the following purposes:
To provide for retirement OF $500 10000 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 for complete and proper facilities and machinery
with which to conduct operations I'm the nature OF Round
Houses Machine Shops, Station and other buildings.
improved bridges and equipment to complete the road and
place the company and Its properties In sound financial
and physical condition.
The ATCHlS0N COMPANY will offer $4,000, 900
ofthe New Bonds Of the -. Louis Il san francisco
Railway Company, when issued. the holders Of -
Louis and san Francisco Railway Compnny's First
Preferred Stock basis of exchange Of par for par,
each share of stock being entitled 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 interest back TO Janu-
airy 1, 1890. that First Preferred Stockholders,
upon surrender OF their certificates of stock will
ceive par the New Bonds and in cash four
per continuously from Jununry 1. 1890.
Holders of First Preferred stock of the 81 Louis d
snn Francisco Railway Company desiring to make the
exchnn proposed will please apply for blank forms
and for any information desired. to the
Vice. President 95 Milk ST., Boston.
GEORGE C. MAGOUN, Chairman
j. w. REMNANT, Vice. President.