New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-04-09
OFFICE OF THE
A1CHIs0N, topeka 6
SANTA FE R. R. CO.,
No. 95 Milk Street,
P. o. BOX a4o, BOSTON, April T. 1891.
FIRST PREFERRED STOCKHOLDERS,
ST. Louis & San Francisco Railway
Company:

Tho Circular No ca issued by Atchison Company 10
its stockholders and dated May %, 1890 explained the
manner in which the COMMON and PREFERRED STOCK
of the ST LOUIS SAN FRANCISCO RAILWAY COM
pANY were exchanged stock OF the Achison Company
1t further stated that the FIRST PREFERRED sIoOh
Of the St. Louis San Francisco Railway Company being
that held by yourselves and amounting TO 40OOO shares
Of the par value Of 81 600, not disturbed and so
it has remained until now, when the Atchson Company Is
judge from practical experience and knowledge
upon what terms equitable proposal to the hold
ers for an interchange Of securities.
The many complications arising from the control OF the
Atlantic & Pacific Railroad Company being execis ID Jointly
by the Atchson and the st. Louis san Francisco Com
panies and the hopelessness Of working under divided
ownership three railways really comprised in one system,
OF which the Atlantic & Pacific Railroad integral
portion constituted the prime factors in determining the
Atchson Company acquire the stocks OF the ST. Louis
san Company at the time did and thus to
remove all conflicting internal interests.
The Management OF the St. Louis and San Francisco
Railway Company decided a New Consolidated
four per cent Gold Bond covering all its properties
equipment lands, and realities, in $50 600 co.
subject only prior liens Of present outstanding mortgages
securing Bonds which Will be gradually retired by the
operston OF respective Sinking Funds and
ard be replaced by the new nonds
The present total outstanding Direct Mortgage Bond
issues OF ST. Louis and san Francisco Railway Com.
pany on its own and leased lines is e36 077500 This
viii leave S13 90 10000 New Consolidated per cent
Gold Bonds available for the following purposes:
To provide for retirement OF $500 10000 Atlantic
and Pacific Railroad ComIany's Second Mortgage six per
cent. Bonds guaranteed both for principal and interest
by the ST. Louis and san Francisco Railway Company
To provide complete and proper facilities and machinery
with conduct operations in the nature OF
Houses, Machine Shops Station and other buildings
improved bridges and equipment complete and
place company and It's properties In sound financial
and physical condition.
The ATCHIsON COMPANY will offer S4,5OO, 900
Of The New Bonds OF the st. Louls 81 San Francisco
Railway Company. when issued to the holders of 81
Louis and san Francisco HALLWAY COmpnny's First
Preferred stock basi. OF exchange of par for par
each share OF stock being entitled TO 500 In the New
Eonds These bonds draw Interest from October l.
1880. at four per cent. The Atchison Company also
will extend this four per cent interest back JAM.
AIRY 1, 1890 so that First Preferred Stockholders,
upon surrender Of their cert cates of stock, will re.
ceiye par the New Bonds aud Int In cash four
per cent continuously from January I, 1890.
Holders of first Preferred stock Of the ST Louis q,
san Francisco Railway Company desiring make the
exchange proposed will please apply for blank forms
of eptance and for lion dcsred 10 the
Vice. President, 95 Milk ST., Boston.
GEORGE G. MAGOUN, Chairman.
J. w. REINHART, Vice. President.