New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-04-14
OFFICE OF THE
A1cHlSON, topeka 6
SANTA Re R. R. Co.,
No. 95 Milk Street,
p. O. BOX s4e BOSTON. April 7. 1891.
FIRST PREFERRED STOCKHOLDERS,
81 Louis & San Francisco Railway
Company:
p O. BOX $40. BOSTON. April z. 1891

r c,,cIar No g. issued by the Atchlson Company to
ia stockholders and dated May %. 1890 explained the
manner in which the COMMON and PREFERkEp sIoon n
q, Tho ST LOUIS g. SAN FRANCISCO RAILWAY CoNi'
pANY were exchanged stock OF the Atchison company
II further stated that the FIRST PREFERRED sIoCh
q, the St. Louis Francisco Railway Company Dehg
that held by yourselves and amounting TO snaeS
OF the par value Of ST. 800 900, was not disturDu anu 81
a. has remained until now, when the Atchson company Is
enabled judge, from practical experience anu
upon what terms to base equitable proposal W 'e ho
ers for an interchange OF securities
The many complications arising from the cohtrol OF inc
Atlantic Pacific Railroad Company being exercised lonty
by the Atchison and the St. Louis san Francisco Com
panies and the hopeessness Of working under diVdeu
ownership three railways really comprised in one system
OF which the Atlantic Pacific Railroad was an Integral
poron constituted the prime factors In determining the
Atchson Company to acquire the stocks OF the St. Louis
Francisco Company at the time IL dd So ana mus 70
remove all conflicting Internal interests
The Management OF the st. Louis and San Francisco
Railway Company has decided issue New Consolidated
four per Gold Bond covering all OF its properties,
equipment, lands and realities, IN amount $4,000 100,
subject only prior liens Of present outstanding mortgages
securing Bonds which will be gradually retired by the
operation their respective Sinking Funds and maturtcs
and be replaced by the new Bonds
The present total outstanding Direct Mortgage Bond
issues St. and San Francisco Railway Com
pany It's and leased lines Is $3.50, OFT 800 This
will leave s13 922 10000 Consolidated four per
Gold Bonds available for the following purposes:
To provide retirement Of So, 800 100000 Atlantic
and Pacific Railroad Comony's Second Mortgage six per
cent Bends 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 TO 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 $4,000, 900
Ofthe New Bonds of the ~. Louis ~ san Francisco
Railway Company, when issued, the holders of ~
Louis and san Francisco Railway Company's First
Preferred Stock basis of exchange of for
each share of stock being entitled 500 in the New
Bonds. These bonds draw Interest from October 1,
1890. mt four per cent. The Atchson Company also
will extend this four interest back TO Jnnu
airy /, 1890. that First Preferred stockholders,
upon surrender of their certificates of stock will
ceve par New Bonds and Interest In cash mt four
per cent continuously from January !. 1880.
Holders of First Preferred stock of the ST Louis d.
san Francisco Railway Company desiring TO make the
exchange proposed will please apply for blank forms
of and for information desired, TO the
Vice. President, 95 Milk ST., Boston.
GEORGE C. MAGOUN, Chairman.
j. w. REINHART, yice-President.