New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-06
financial
financial
OFFICE OF THE
Reorganization Committee
or TIE
National Cordage Company

Nos. IS AND ~ WALL STREET.
NETWORK. June -. 1898.
To the Holders of the Preferred ana common Stoch
Of the NATIONAL Cordnge COMPANY
Referring TO tho statement and Plan Of Reo'gnniz,aor
addressed 10 YOU by ths Con mttee ndorsei "CFcula
no ~ tho Preferred aud Stockholders arc here
bv .couest,I To deposit their Ccroni Of Stock forth
with with the United STATES TRUST COMPANY,
40. - Wall Street Scw.york city, which Company ha
agreed 10 act as Trustee Of The securing tn
Bonds to bo Issued and FOR the deposit II securities under
THO reorgsnilaton.
Copies Of statement referred n IN m" for"9on7
paragraph ready for distribution az tho Office Of
the UNITED STATES TRUST COMPANY and Al
the Offices Of the underenod at which PLACES tho Re
Organization Agreement can also be seen and esned
All okhodcr, hereby requested 10 deposit heii
certificates II stocks with the UNITED STATES
TRUST COMPANY, which Company viii Issue in eA
change therefor ite negotiable certificates Of deposit
exchsngeabe within . reasonable time Tor enGrayed Ger
ulcsts.
The payments Of Stockholders for cash contributions
to a working capital to be made a. follows:
PREFERRED STOCK.
10 per cent before July 10th, 1898.
per cent. before August 10Th. 1893
per before September lOth. 1893
COMMON STOCK.
8 per cent. on or before July 10Th 1899.
3 per cent. on before August 10th. 1893
Until and including the I It'll day OF July 1898.
Sj,OOOO0O Of the proposed Issue OF per cent.
Collateral Trust First Mortgage Thirfy-yrnr Gold
Bonds offered for subscription exclusively 10 IRE.
ferred and Common Stockholders of the National
Cordage Company who deposit their shares, nj the
UNITED STATES TRUST COMPANY ut the price
Of 81 and interest; payments fhercf TO be
made 2J per cent. mt the time Of subscription aud
the balance ut the rate of - per cent. per month
thereafter.
After date bonds not taken by the Stockholders
will be offered the public at pr to be fixed. but
not les than 81 cent and interest
Ofthi. issue Of Bonds So. 00O 900 has already been
undcrwritIen ut IS per cent for a per cent. cash
commission.
Stockholders noy participate in the underwriting q
the remaining ~ 100000 Of these Bonds upon san
terms applying any member Of the Reorganization
Committee. provided that one viii BE- permitted to
upderwre lcss JIlon 5000 Tho Committee
reserves the tight 10 terminate this privilege az time
written.
ANY further Information in connection with the re.
organization which may be desired by the Stockholders
Will be furnished application at tho Offices Of
undersigned or a the Office o the UNITED STATES
TRUST COMPANY.
The undersigned committee becs to give notice that
az various payments mills purchased ago.
which the bulk Of the payment has already been made
arc becoming due, and IN some instances are already
overdue 10 Is most mportan. perfect the Ieorgsnza
ton early date. that the Interests Of all
cerned can be properly protected
Certificates Of stock, both nd al "
Endorsed and In negotiable form. may be deposited
with the UNITED STATES TRUST COMPANY nj
once nnd will be given far the but
first iu,taImcn for preferred stock need not be
mid until July 10Th. These receipts ha "e been pnc
upou the unlisted department Of the stock EXCHANGE
GEORGE &. MtGOTN, IS Will 81.
LRNsT THALMA>N, 40 Wall ST.,
GUSTAV II. GO>>LER, us Pearl ST.,
Reorganization Com mite r.