New-York tribune., 1891-04-21

The Circular No Ga issued by Atchson Company
its stockholders and dated May 23 1890 explained the
manner in which the COMMON and PREFERRED STOCK
Of the ST LOUIS & SAN FRANCISCO RAILWAY COM
PANY were exchanged for stock of the Atchlson Company
1t further stated that the FIRST PREFERRED STOCK
OF the ST. Louis San Francisco Railway Company being
that held by yourselves and amounting to $4,000 shares
OF the par OF g. 500 000 not disturbed ana 30
II has remained until now when the Athison Company IS
enabled 20 Judge practical experience and knowledge
upon what terms equitable proposal TO the hold
ere for an interchange OF securities.
The complications arising from the control OF the
Atlantic Pacific Railroad Company being exercised jointly
by the Atchson and ST. Louis San Francisco Com
panies and hopeessness Of working under dlVidcl
ownership railways really comprised In one system
OF which the Atlantic Pacific Railroad integral
portion constituted the prime factors in determining the
Atchson Company acquire the stocks Of tho ST. Louis
San Francisco Company the time II did so, and thus 70
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 Bond covering all Of its properties,
equipment lands and realities in amount 900 90,
subject only prior liens OF present OUTSTANDING MORTGAGES
securing Bonds which will be gradually retired By the
operaton OF their respective Sinking Funds and maurtcs
and be replaced by the new Bonds.
The present total outstanding Direct Mortgage Bond
issues of the st. Louis and San Francisco Hallway Con
many on its own and leased lines is $50 07750o This
win leave sl8 922 800 90 Consolidated four per cent
Gold Bonds available for the following purposes;
To provide for retirement OF s2 SOC, 10000 Atlantic
Pacific Railroad Companys SecOhu per
cent Bonds qua aneed both for principal and interest
by the st. Louis and San Francisco Railway Company
To provide 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
to place the company and It's properties in sound financial
and physical condition.
The ATCHIsON COMPANY will offer S4,5ONOOO
Of The New Bonds Of the st. Louis & Snn Francisco
Railway Company, when issued TO the holders oil ~
n aud Gan Rra riscO RAILWAY GOmDQrYs
Preferred Stcck sis of exchange OF par for par
each share OF stock being entitled TO 500 In the New
Bouds. These bonds draw Interest from October l,
1890. at four per cent The Atchison Company also
will this four cent interest back TO Janu-
ary 1, $780, that First Preferred Stockholders,
upon sure nder of their certificates Of stock will re-
ceve par New Bonds and Int crest In cash nt four
per ent continuously from January I. 1890.
Holders of First Preferred stock of the ~ Lonis
Snn Francisco Railway Company desiring to make the
excbnna 10 proposed will please apply for blank forms
of and for Information desired TO the
Vice. President, 0j MIX ST., Boston.
GEORGE G. MAGOUN. Chairman.
j. w. REINHART, yice.Presideat.