New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-04-30
financial.
Richmond and West Point
Terminal Railway and
Warehouse Company.
To the Bondholdcrs OF
The Richmond AMI Dahptttc Sys'
tenn and the
East Tenn, VirOinfa a. ia. SDs.


tenn.
The plan Of reorganization Of the Nchhond ana WIS.
Point Terminal Railway and Warehouse Company aaVeu
March 1892 provides for the retirement oil your oohue
and tho issue certain securities in place thereof
The plan Is not coercivc.
It conempates the prevention OF HeceiVersnS WI"
bankruptcy and dsinteeoon OF the properties
Your cooperation necessary preserve The integrity
OF this system Of railroads AID you are h'd W
become parties the Plan by depostng your bonds win
out delay the Central Trust Company OF -fok
As rected in the REORGANIZATION Plan. some OF It's ad
yana9es will appear by comparing the results OF tne pro
system Of operation and OF the one propos' bearing
in mind that the apparent earnings OF the existing
properties and have not been available 70 their iu
s"''"" PRESENT STATUS.
Gross earnings Inst fiscal yenr, (exclu.
ding Alabama Great Southern,)..... H2S,33SoOV
Operating lO'DS3.Iof
Ne, an rnInr. ACKNOWLEDGEMENTS. S,744,138
Fixed charges 9,474,S37
PROPOSED CONSOLIDATION.
Fixed charges, Excluding s1O.O0O.0OO
First Mortgage Bonds, TO be issued
only for additional property.).......... S6,4O0.0OO
Rentals. Cinciunntl Southern $1,000
900 Mortgage y. &. X. II. S26O,OOOD 1,2OO,OOO
TotnI fixed charges S1,60O'ooo
Concentration OF the numerous corporations under one
viii lergcy reduce the expenses end increase
tic net earnings.
The plan makes due allowance for any improvements or
bcrnents which may requisite during the next
two year. with o view TO material reduction IN operating
expenses Provision has olso been made for all ear trust
obligations @ 5O4 and pay OF existing floating debt
go $40 600 publication OF the psn increased 10
about s7.3I0.O00).
The committee to tho first Board Of Directors
OF corpJraton which will be called The Southern
Railway Company"
In determining the basis Of exchange OF old securities
for new the committee endavored 10 exercise sbso
imIartay. and 70 treat all interests III iar ana
equits. 40 manner.
Over Is per cent Of the aggregate OF the Rich.
mond and West Point Terminal Railway and Warehouse
Company securltie, been deposited. together with
stocks and bond. Of auxiliary companies. ne details OF
which have been previously published
TIE TIME FOR THE DEPOSIT or Nil TERoII-
nal SECURITIES AND ALL CLASSES or STOCK
IL EXTENDED UNTIL AND INCLUDING MONDAY,
MAY 2. 1892.
THE TIME FOR THE DEPOSIT OF ALL UNDER
LYING BONDS IL EXTENDED UNTIL AND IN.
GLIDING FRIDAY. MAY q. 1892.
After the dstcs above named stocks aad securities will
be received only upon such terms The Committee may
then impose.
The right OF subscription the Cash Fund offered under
the 70 tho deposare OF stock and cent bonds
will be extended such date be hereafter sdver
tscd by Committee
Copies Of the Pian OF Reorganization mny be had
~ ONCE OF tho Central Trn.t Company OF New York.
New.Ysrk, April 10. 1892.
FREDERIC p. OLCOTT,
OLIVER II. PAYNE,
FREDERICK ID. TAPPEN
WILLIAM H. PERKINS,
HENRY BULGE.
H. G. FAHNESTOCK.
}. KENNEDY TOD.
Committee.
81 wall.st New.Yorh.