New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-04-18

The Circular No o. issued by the Achson Company TO
It's stockholders and dated May 49, 1890, explained the
manner in which the COMMON and PREFERRED STOCK
Of the ST. LOUIS & SAN FRANCISCO RAILWAY COM
PANY were exchanged for stock Atchison Company
1t further stated that the FIRST PREFERRED STOCK
OF the St. Louis San Francisco Railway Company being
held by yourselves and amounting to $4,000 shares
OF the par value OF g. 500 000 not disturbed ana SO
It has remained until now when the Athson Company IS
enabled judge from practical experience and knowledge
upon base equitable proposal to the hold
ers for an interchange OF securities.
complications arising from the control or tho
Atlantic Pacific Railroad Company being exercised jointly
by the Atchson and the ST. Louis San Francisco Com
panies and the hopdessness OF working under divided
ownership three railways really comprised in one system
Of which the Atlantic Pacific Railroad was an integral
portion constituted the prime factors in determining the
Atehson Company acquire the stocks Of the St. Louis
San Francisco Company at the time it did So and thus 70
remove oil conflicting internal interests.
The Management OF the st. Louis and San Francisco
Railway Company decided to issue New Consolidated
four per Gold Bond covering ell OF its properties
equipment, lands, and realities, h amount $4,000
subject only prior liens OF present outstanding mortgages
securing Bonds which will be gradually retired by the
operation Of their respective Sinking Funds and mauritcs
and be replaced by the new Bonds.
The present total outstanding Direct Mortgage Bond
issues st. Louis and san Francisco Railway Com
pany on its and leased lines is s3o o775oo This
VIII leave s13 10000 Consolidated four per 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
To provide for 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
place the company and its properties In sound financial
and physical condition.
The ATCHIsON COMPANY will offer Sd,500,000
ofthe New Bonds OF the -. Louis 81 San Francisco
Railway Company, when issued, 10 the holders Of 81
Louis and san Francisco Railway COmpany's First
Preferred stock basis of exchange of for
each share OF stock being entitled 10 500 In the New
Bonds. These bonds draw Interest from October 1,
1890 ut four per cent. The AtchisOn Company also
will extend this four per cent. interest back TO Jann-
nry 1, 1890. that First Preferred stockholders,
upon of their certificates Of stock, will re-
ceive par the New Bonds and Interest in cash nj four
per cent continuously from January I. 1890.
Holders of First Preferred stock of the ST Louis d
snn Francisco Railway Company desiring TO make the
exchange proposed will please apply for blank forms
of and for any Information desired, 10 the
Vice. President, % Milk ST., Boston.
GEORGE c. MAGOUN. Chairman
). w. REINHART, Vice-President.