New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-04-28

OFFICE OF THE
A1CHISON, topeka 6
SANTA FE R. R. CO.,
No. IS Milk Street,
p o. BOX $40. BOSTON, April 7. 1891.
TO THE
FIRST PREFERRED STOCKHOLDERS,
st. Louis & San Francisco Railway
Company;
FIRST PREFERRED STOCKHOLDERS,
st. Louis & S
Company

The Circular No Ca issued by the Athson Company 10
t stockholders and dated May %. $780, explained the
manner in which the COMMON and PREFERRED STOCK
Of the ST LOUIS g. SAN FRANCISCO RAILWAY COM.
PANY exchanged ;or stock Of the Achson Company
II further stated that the FIRST PREFERRED STOCK
Of the St. Louis San Francisco Railway Company being
held by yourselves and amounting to 45 900 shares
OF the par value 500 ooO disturbed and so
Il has remained until now. when the AtchisOn Company is
enabled Judge from practical experience and knowledge
upon what terms TO base equitable proposal TO the hold
crs for an Interchange Of securities.
The nnny complications arising from the control OF the
Atlantic Pacific Railroad Company being exercised Jointly
by the Ahson and the ST. Louis San Francisco Com.
panies and the hopeessness Of working under divided
ownership three railways really comprised in one system
" which Atlantic & Poetic Railroad an integral
portion constituted the prime factors in determining the
Aeh'on Company to acquire the stocks Of the St. Louis
Francisco Company at the time It did and thus TO
remove sl 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 It's properties.
equipment lands and realizes IN amount $50 900 900 90,
subject only prior Hens of present outstanding mortgages
securing Bonds which will be gradually retired by the
operation OF their respective Sinking Funds and maturtcs
AID be 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 own and leased lines is 1886 OF 500 This
will leave s13 922 0OO0 New Consolidated four per cent
Gold Bonds available the following purposes
To provide retirement of s2S0o,O00 90 Atlantic
and Pacific Railroad Companys Second Mortgage six per
cent Bonds guaranteed both for principal and interest
by the St. Louis AID San Francisco Railway Company.
To provide 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 complete the road and
to place the company and It's properties In sound financial
and physical condition.
TIE ATCIIIsON COMPANY will offer $500, 900
of The New Ronds of the ~. Louis IL san Francisco
Railway Company. when issued. to the holders of ~
Louis and san Francisco Railway Compnny's First
Preferred stock basis OF exchange OF par for par
each share OF stock being entitled 10 500 In the New
Bonds. These bonds draw Interest from October L,
1890 at four per cent. The hfchisOn Company also
will extend this ionr per cent. interest back 10 Jnnu-
airy 1, 1890. that First Preferred Stockholders,
upOn surrender of their certificates of stock, VIII re-
par the New Bonds and in cash nj four
per cent continuously from Jnnunry |. 1890.
Holders of first Preferred stock of the ~ Louis AZ
Snn Francisco Railway Company desiring 10 make the
exchange proposed will please apply for blank forms
of cepiance and for information desired TO the
Vice. President 05 Milk ST., Boston.
GEORGE G. MAGOUN. Chairman.
j. w. REINHART, Vice. President.