New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-04-29
financial.
Richmond and West Point
Terminal Railway and
Warehouse Company.
To the Bontholders OF
The Richmond ana DdMciIe Sys.
tenn and the
East Tenn, Virginia d. Ga. SyS'

tenn.
The plan Of reorganization OF the Richmond and Yves.
Poin, Terminal Railway aud Warehouse Company dated
March l. Is0e provides for the retirement OF your bonds
and the issue OF certain securities In place thereof
The plan f. coercve
II contemplaes the prevention OF RecsiyershpS WIN
consequent bankruptcy and dsnteeraton OF the proPrHes
Your cooperation to preserve the integrity
Of this large Of railroads ai you are invited U
become PARTIES 70 the Plan by deposng your bonds With
out DELAY with the Central Trust Company OF New'fork
A. recited in the Reorganization Plan some Of It's ad'
vantases viii APPEAR by comparing the results OF the pres
ent system OF operation and NJ the proposed bearing
IN mind that apparent net earnings OF the existing
properties are not and been available their full
extent
Gross en- ruings last fiscal year. texciu-
ding Alabama Great >onthcrn,)...... So, 33Sjo
Operntpg .xpeu.c. ...........-..- 10,5Y3.764
Net cornIux. ................ S,1iA.136
Fixed charges S,F7a,So|
PROPOSED CONSOLIDATION.
Fixed charges, (excimdng s1O.O00.0 900
First Mortgage Bonds, TO be issued
only for additional properly. ).-...... s0,4OO.OOO
Rentals. Cincinnati southern $1,000
600 Mortgage y. &. Il. X s26O,0OO,) 1,260,OOO
Total fixed charges OBSERVATION-DISCLOSURES. sI,ooO0oo
Concentration Of the numerous corporations under one
Management, Will largely reduce the eNpcn~es and Increase
tie net eornings
The plan makes due allowance for Improvements or
boerments which be- found requisite during the next
two years. with a view material reduction IN operating
expensc. has also been made for all car trust
Obligations e. 800 and or existing floating debt
60 80 coo the publication OF The plan increased 10
about a. 100000.
The commi.ee is 70 the first Board Of Director
OF the new corp ration which will b. allcd The Southern
Railway Company"
In determining the basis Of exchange Of old
FOR n.w the ha, endoa'oTed to exercise aeso-
Iu,s impsrtatv all Interests in fair and
equitsi - sanncr.
over IS per cent. o, The aggregate amount OF the Rich
uoad and West Poln, Terminal Railway aud Warehouse
Conrany secur;e, have been deposited. together with
stock. and bonds % auxiliary companies, me details OF
which have Lcen previously published.
THE TIVE FOR THE DEPOSIT OF ALL TERMI-
NAI SECURITIES aSD ALL CLASSES OF STOCK
l. EXTENDED Until AND INCLUDING MONDAY,
MAY ,, 1872.
THE TIME FOR THE DEPOSIT OF ALL UNDER
LIVING BONDS IL EXTENDED UNTIL AND IN
GLIDING FRIDAY. MKY u. 1892.
After the above nlped stocks snd securities will
be received only upon such terms The Committee may
then Impose.
The right Of subscription 10 the Cash Fund o1ered under
the plan to The deposars. of stock and per bonds
will be extended date BE- hereafter adver-
tisod BY the Committee.
Copies Of the Plan Of REORGANIZATION may be had
nj nieo Of CcmirnI Tru,i Company of New York.
Nrw-York, April 20. 1872.
FREDERIC T.. OLCOTT.
OLIVER II. PAYNE.
FREDERICK ID. TAPPEN,
WILLIAM H. PERKINS.
HENRY BULGE,
IL. &. PAIINEsrOCK.
}. KENNEDY TOD.
Committee.
81 walst New.York.