The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1891-04-23

OFFICE OF THE
ATCHIS0N, Topeka & SANTA
FE R. R. co.
NO. 05 MILK STREET.
P.o.Box. SAG, Boston, April 7, 1891.
TO THE
FIRST PREFERRED STOCKHOLDERS
st: Louis & San Francisco Railway
Company.
The Circular No. "a, issued by the Atehison
Company to Its stockholders, and dated May
20, 1880, explained the manner in which the Com
MON ana fkEFERRED STOCKS OF the ST. LOUIS &
BAN FRANCISCO RAILWAY COMPANY were ex-
changed Tor STOCK OF the Atchson Company. IL
further stated that the FIRST PREFERRED STOCK
OF tho st. Louis & San francisco Railway Comma
ny, being that held by ourselves. and Amounting
to 1000 shares, Of the par value OF "a ZOO ooo
90, was not disturbed; and so it has remained nm
I'll now, when the Atchison COMPANY Il enablea
to Judge from practical experience and <noO,I-
edge, upon what terms to base an equitable pro-
posal to the holders for an Interchange OF securi
ties.
The many complications arising from the CON
troll OF the Atlantic & Pacific Railway Company
being exercised jointly by the Atchison and the
st. Louis & San francisco Companies, and the
hopelessness Of working under divided owner
ship, three railways really comprised in one sys
tenn Of which the Atlantic q Pacific Railroad wa,
an integral portion, constituted the prime factor
In determining the Atehison Company 70 acquire
the stocks Of the st. Louis q san francisco Com
pany at the time It did 90, and thus 10 remove al
conflicting internal interests.
The Management of the st. Louis & San Fran
Se% foS p eas cent Gd Bond
ering all OF Its properties, equipment, lands, AM
realizes, In amount $50, 900 10000, subject onl.
to prior liens of present outstanding mortgages
securing Bonds which will be gradually retired By
the operation OF their respective Sinking Fund:
and maturities. and be replaced by the new
Bonds.
The present total outstanding Direct Mortgage
Bonds Issues Of the st. LOUIS & San Francisco
Railway Company on It's own and leased lines Is
New Consolidated four per cent. Gold Bonds
available for the following purp0ses:-
To provide for retirement of S2,800, 10000 At
lantic & Pacific Railroad CompanyS Second Mort
Principal and Interest BY the 81. Louis & San
complete and proper facilities and machinery
with which to conduct operations In the nature d
hOuQQ HOUSES, machine OnOpS, STATION and Otne
buildings, improved Bridges, and Equipment Il
complete the road and to place the Company ant
its properties in sound financial and physical con
diti0n.
The Alchison Company will offer "a
500, 10000 of the New Bonds OF the ~
Louis 81 San Francisco Railway COmpa
my, when issued. 10 the holders of 80. Leui
a. San Francisco Railway Company
First Preferred stock ON basis of e1
change of par for par, each share of stool
being entitled 10 500 in the New Bonds
These bonds draw Interest from Oetebe
4, 1890, at four per cent. The Atchisol
Company also will extend this four pc
cent. Interest back 90 January 4, $3.50, .
that First Preferred Stockholders, upOl
surrender of their certificates OF stock
will receive Par in the New Bonds aud In
terest i'm cash mt four cent, continuousI
from January 4 1880.
Holders of First Preferred stock of th,
80. Louis a. San Francisco Hallway Com
pany desiring TO make the exchange pro
posed will please apply for blank forms o
acceptance and for amy information de
sired, 10 fhe vice-President, % Milk 80.
Boston.
GEORGE @. mAGOUN, Chairman
j. w. n EINHART, Vice-President.
ap17 d6t