New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-05-06
finanrlal.
Richmond and West Point
Terminal Railway and
Warehouse Company.
To the Bondhoders OF
The Richmond and DdnCtttc SVS'
tenn md the
East Tenn, Virginia d. Ga. Sys-
tenn.

Tho Milan NJ generalization of the Richmond and west
Point Terminal Railway ard Warehouse company. aau
March 1892 provides for the retirement Oh your poh
and the issue OF certain securities In paee 'e''o''
The plan Is not coercive. 80
1t contemplates the prevention OF Recevership' with
bankruptcy and dsntegraton OF the properties
Your cooperation is necessary TO pe'erVe he h'esc
NJ this ,aroe syste Of railroads. and invited 10
lecome parties TO the Plan by depritng your bonds wit
delay with the Central Trust Company OF Ne"'fork
rected In the Reconciliation Pian some OF us au
vnnages will appear by comparing the results OF the pres
ent system OF operation and OF the proposed bearing
in mind that the apparent net earnings OF te existing
properties not and have not been available to their fu
extent - -
Gross earnings last fiscal year. (cxclu.
ding Alabama Great southern, )... S2S,33S'oVO
On.ra,,rs cxncn.e. ......... 1888 64
Nct en- rpins. Observation-Disclosures. S,744.730
Fixed charges ACKNOWLEDGEMENTS. 0.474,s37
PROPOSED CONSOLIDATION.
Fixed charges, Excluding s1O,O0O,oO0
First Mortgage Bonds, TO be Issued
only for additional property.)......... S6,4OO,OOo
Reuals. Cincinnati Southern $1,000.
600 N. &. Il. X. &26O, O00J............ 1,26O.0OO
Total fixed charges S3,ooV'oVo
Concentration Of the corporations under one
mana cement Will largely reduce the expenses anu Increase
the net e0rDings.
The plan makes due allowance for any improvements or
bctercnts which be found requisite during the next
two years, view material reduction In ci"r1ins
Provision haS also been mace Ior
obligations s2 500 and to OF existing floating debt
$50 81 900 since the publication OF the pan Increased u
about 81 $40 600.
The committee Is to the first Board OF Dircctor'
OF the new corpJraon. which will b. coled The southern
Railway Company"
In determining the basis OF exchange old securities
for new the committee has endeayored to exercise obso
lutc mpartiality. and 70 treat AL ihVirs'S Ill ''f 'u
oquitsl e manner.
over Is per cent Of the aggregate Of the Rich
mond and Wet Point Terminal Railway and Warehouse
Company secure. have been deposited together with
stocks and bonds Of auxiliary companies, the details Of
which have been previously published
THE q PER CENT. AND PER CENT BONDS OF
TIE RICHMOND AND WEST POINT TERMINAL
RAILWAY AND WAREHOUSE COMPANY AND
ALL CLASSES OF STOCK MAY BE DEPOSITED
UNTIL AND INCLUDING FRIDAY. MAY q. 1892.
Upon PAYMENT OF A PENALTY OF TWO PER
CENT.
TIE TIME FOR THE DEPOSIT or ALL UNDER.
LYING BONDS IL EXTENDED UNTIL AND IN.
GLIDING FRIDAY. MAY q. 1892.
After the dats above named stocks and securities VIII
DO received only upon such che Committee may
then impose.
The light subscription the Cash Fund offered hnccr
plan depoors o. stock and . per cent bonds
win be extended to may be hereafter adyer
tsed BY the Committee.
Copie. OF the Pinn OF REORGANIZATION may be had
at Office OF the Central Tru't Company Of New. York;
Ncw.York, May 5. 1922.
FREDERIC r. OLCOrr.
OLIVER H. PAYNE.
FREDERICK ID. TAPPEN,
WILLIAM a. PERKINS.
HENRY BULGE.
II. G.. FAIINEsTOCK.
J. KENNEDY TOD.
Committee.
81 wallst.. New.Ycrx.