New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-29
OFFICE OF THE
Reorganization Committee
or THE
National Cordage Company


NEW.YORK June o. 1898
To the Holders Of the Preferred aud Commo" "'"'R
of the National COrdngc COmpnny'
Referring TO the Statement and Plan Of Reorganization
addressed you by This Committee. Endorsed "Cifcuhf
NO the Preferred and Common Stockholders are h're'
by requested deposit their Ccrbi'its OF Stock ioith
with with the UNITED STATES TRUST COMPANY
No Is Wall Street NcwYOrk CITY. which Company hoS
agreed to Trustee Of the mortgage securing The
Bonds to Issued and the dcpt Of securities undf
this reorganization.
Copies OF the statement referred In tho foregoing
paragraph adv for distribution at The ONCE oil
the United STATES TRrST COMPANY and at
the Offices of the undersigned, which places the Ke'
organization Agreement also be seen and eiench'
All Stockholdcr, hereby requc-td to deposit thNr
certificates Of stocks with the UNITED STATES
TRUST COMPANY. which Company viii issue In en-
change therefor negotiable certificates OF deposit
cxchanccabe within reasonable time for engraved Ger
tifcates.
The Payments OF Stockholders for cash contributions
to a working capital are ~ be male a. follows;
PREFERRED STOCK.
10 per cent. on before July 10Th, 1893
5 per cent. o before August 10th. 1898
3 per cent. on or before September ION. 1893
COMMON STOCK.
) per cent. on or bcfor, July 10th. 1898.
) per cent. on or before August 10th. 1893.
Until and including the 11th day Of July. 1870
81. 900 600 Of the proposed Issue oil per cen'.
Collateral Trust First Mortgage Thrfy-yrnr 'o'"
Bond. nre offered for subscription exclusively 10 Pre-.
ferred and Common Stockholders Of the Nation u
Cordagc Company who deposit their shares, mt IN"
United STATES Trust COMPANY ut the price
Of 81 per cent and Interest," payments therefor 10 be
made 2J per cent. nj the time Of subscription ana
the baInncc Mt the rate Of - per cent per month
thereafter.
After that date bond not taken by the Stockholders
will be offered the public at pfi to be hNea bnt
No, les than 81 per cent. and infcr'''.
OCthj. issue Of Bonds s3.OOO 900 bns aIrrndy been
undcrwrirtcn at 81 per cent. for per cent. cash
commission.
Stockholders NOV participate In ;he underwriting o'
the remaining s2OOoOoO OF these Bonds upon the sane
terms by applying 10 any member OF The torRahfnh"'
,'ommt,e. provided that viii b" PERMITTED to
unacrwfto a l.-. amount than 5000. The Committee
reserve, the rghf 10 terminate privilege At any ume
and ~ MAKE alorments Tor lee. tal the amount uhcf
written.
Anv further information connection With the re
organly,ion which may bc dc.rd by the Stockholders
will be- furnished on Application at n" Offices of ~
undersigned or at the office 4 the UNITED STATES
TRUST COMPANY.
a. various payments mills rnr ha''d wears as'' on
which the bulk u the payment has ALREADY been male
are becoming due. and IN Instances are az A'N
overdue IL is most mportan, t, perfect III" ieofsihHa
ton early date. that the Interests oi an con-
cerned can be properly protected
Of -toc H. both comm On ma prcicrrrd may
he depo.,cd with the UNITED STATES Trust
COMPANY nj once and receipts will he given for the
snmc. but the first iu.talmcn' for new preferred
.,ock need not be pnId until July iOh. Thrsc re-
cctpt- will be pnc ed upon the unlisted dc nrtrnt oi
the stock E.chnnae "a = soon n possible.
GEORGE &. MAGOtN, - Wall 81,
ERNST THALMA\N. 80 Will ST.,
GUSTAV H. GO~~LER. las Pearl s..
decentralization Com mite