Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-04-26
FIN Az CiAx.
Richmond and Nest Point
Terminal Railway and
Warehouse Company.


TO THE BONDHoLDERs OF TIE RICHMOND
AND DANyfLLE SYSTEM AND TUg EAST
TENNESSEE, VIRGINIA AND GEORGIA
SYSTEM;
THE PLAN OF REORGANIZATION or THE
RICHMOND AND WEST POINT TERMINAL
AND WAREHOUSE COMPANY, DATED
MARCH 1, 1892. PROVIDES FOR THg RE-
TIREaENr OF YOUR BONDS AND TIE ISSUE
OF CERTAIN SECURITIES ~ PLACE THERE
or. THE PLAN II NOT COERCIyE. IT con
TEMPLATES THE PREVENTION or RE.
CEIyERsulPS WITH CONSEQUENT BANK
RUPTCY AND DISlNrEGRArION or rug
PROPERTIES. NOuRCOMPANY OPERATION
Is NECESSARY TO PRESERVE THE TNTEGRI.
TY OF THIS LARGE system OF RAILROADS.
AND YOU ARE INVITED TO BECOME PAR
TIES TO THE PLAN BY DEpOSIFING YOUR
BONDS WITHOUT DELAY WITH THE CEN
TRIAL TRUST COMPANY or NEW YORK. As
RECITED IN TIE REORGANIZATION PLAN,
SOME OF ITS ADVANTAGES WILL APPEAR
BY COMPARING The RESULTS or TIE
PRESENT SYSTEM OF OPERATION AND or
TIE ONE PROPOSED. BEARING n MIND
THAT APPARENT NIT EARNINGS OF TIE
EXISTING PROPERTIES ARE NOT AND
HAVE NOT BEEN AVAILABLE TO 1BRlR
FULL EXTENT. PRESENT STATUS:
Gross earnings last neral year lex-
GLIDING Alabama Great s0utnernl. s2s, 33h.6oO
Operating expenses ............. lb,aD3,ftt
Vet earnings. ACKNOWLEDGEMENTS. h.fti,l5B
Fixed charges. .......t.....-.,s.st N,tftsNof
Proposed consolidation rxei chorges
excluding slO.O0O,OO0 irsf-ui0ri-
gage uonis tO be issued only f0r ar
ditional property ..................s o,ioO.OOO
Rentals Cincinnati southern 600.
600 morfgnge, North Carolina rail-
road s"GO. 600. ..................... 100000
Total n1od charges ............s 70d0OOO
Concentration OF numerous corporations W.
der one management will largely reduce thc ex-
penses and increase the net earnings Tho plan
makes due allowance Tor ony improvements OK
bettormonts which may be found required during
the next two years. with view g. material re-
dnctlon ia operating expenses. Provision has
also been made for AL car-trust hllga,ions
ls2, 300. 500, and 90 pay OF existing noating
| debt (s6.3io,00O since tho publication ot tho
plan increased % about si,3i0.0OOn Tho com-
| nittoe IL % name the lrst board ~ electors N
| tho new corporation, which VIII DO called TIRE
| SOUTHERN RAILWAY COMPANY In deter
mining tho basis Il exchange OF old securities
| for new the committee hss endsnyoroi 70 exer-
| cise absolute impartialty and 60 treat All iu-
! terests IN fair and equal manner. over - poe
| cent Of tho aggregate amount of the Richmond
and West Point Terminal Railway and Ware
house Company securities have been deposited,
together With stocks and bonds Of auxiliary COM
NAMES, the details Of which have bocn previous
| ly published.
| THE TINE FOR THE DEPOSIT or ALL TER
| NINAL SECURITIES AND ALL CLASSES or
| STOCKS II KXTENDED UNTIL AND IN
| GLIDING MONDAY, MAY ., 1892.
| THE TINE FOR THE DEPOSIT OF ALL IN
| DERIVING BONDS Il EXTENDED UNTIL
| AND INCLUDING FRIDAY, NAY q, 1892.
AFTER THE DATES ABOVE NAMED
| STOCKS AND SECURITIES WILL BE RE-
CElyFD ONLY UPON SUCH TERMS As THE
COMMITTEE MAY THEN IMPOSE.
THE RIGHT OF SUBSCRIPTION TO TIE
CASH FUND OFFERED UNDERTuRPLAS TO
THE DEPOSIrARIEs or STOCK AND . PER
CENT. BONDS WILL BIZ EXTENDED
DATE A. NAY BE HEREAFTER AONEh-
TIsED BY THE COMMITTEE
Copies Of the plan Of reorganization may b.
hnd AZ tho oflce Of the Central Trust Company
| OF New York.
NEW YORK, April20. 1899.
FREDERIC +. OLCorE
OLIVER PAYNE,
FREDERICK ID. TAPPEN,
WILLIAM n. PERKINS,
HENRY bulge,
H. FAINESIOCk,
J.KRNNEDY TOD.
Committee.
GroRGs z. ElLis, Secretary, "a Walt street,
New YORK. up -o'hyo