New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-04-11
FIRST PREFERRED STOCKHOLDERS,
ST. Louis & San Francisco Railway
Company:

Tho Circular No ca issued by the Atchson Company 10
It's stockholders, and dated May 23 1890 explained the
manner in which the COMMON and PREFERRED STOCK
Of the ST LOUIS & SAN FRANCISCO RAILWAY CON-
pANY were exchanged stock OF the Atchison Company
II further stated that the FIRST PREFERRED STOCK
of the St. Louis San Francisco Railway Company beng
that held by yourselves and amounting to 10000 shares
Of the par value Of s. o0O not disturbed and 50
IL has remained until now when the Atchison Company Is
enabled TO 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 exercised jointly
by the Atchison the ST. Louis San Francisco Com
panIes and the hopeesness Of working under divided
ownership three railways really comprised in one system
OF which Atlantic Pacific Railroad was an integral
portion constituted the prime factors in determining the
Companyo acquire the stocks Of the ST. Louis
San Company at the time 1t 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 $50 100,
subject only prior liens Of present outstanding mortgages
securing which will be gradually retired by the
operation OF their respective Sinking Funds and maturcs
replaced by the new Bonds.
The present total outstanding Direct Mortgage Bond
issues OF the ST. Louis and San Francisco Railway Com
pany on its and leased lines is $50 or, 800 This
win leave s13 0225OOOO New Consolidated four per
Gold Bonds available for the following purposes
To provide for retirement OF 50 900 10000 Atlantic
and Pacific Raroad C0mpany'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 0nd other buildings.
improved bridges and equipment complete the road and
to place company and its properties in sound financial
and physical condition.
The ATCHISON COMPANY will offer $4,000, 900
ofthe New Bonds of the ~. Louis Il san Francisco
Railway Company, when issued. TO the holders OF ~
Louis and san Francisco Railway Compauys First
Preferred stock basis of hange OF par par
each share OF stock being entitled 10 500 In the New
Bonds. These bonds draw Interest from October l.
1890. mt four per The Atchison Company also
will extend this four interest back Janu-
airy 1, 1880. so that First Preferred Stockholders,
upon of their cates Of stock, will
ceiye par the New Bonds and Int in cash four
per cent continuously from January /. $500
Holders of First Preferred stock of the 81 Louis &
san Francisco Railway Company desiring to make the
exchange proposed will please apply for blank forms
of eptance and for any information desired, the
Vice. President, 95 Milk ST.. Boston.
GEORGE c. MAGOUN, Chairman.
j. w. REMNANT, yice-Presdent.