New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-23
financial.

RICHMOND TERMINAL
REORGANIZATION,
,NcLup1SG THE FOLLOWING SECURITIES OF
RICHMOND AND DANvILLE RAIL-
ROAD COMPANY AND SYSTEM,
EAST TENNESSEE, VIRGINIA AND
GEORGIA RAILWAY COMPANY
AND SYSTEM:
VIZ:
Richmond and Danville Consolidated IS.
Richmond and Mecklenburg First Mort 6s.
| Charlotte, Columbia Augusta lst Consoi Vs.
Atlantic Tennessee and Ohio Stock
Chester and Lcnoir STOCK
First Mortgage rs.
Chcraw and Chester Stock.
First Mortgage -.
Columbia and Greenvile lst MORTGAGE o.
do. do I'd Mortgars Us.
| Clarksville e. North Carolina 1st Mort 90.
oxford and Clarksville LIST Mortgage 0s.
Northwestern North Carolina LIST Mort. 6's
spartanburg. Union Columbia LIST Mort 6s'
Asheyile and Spartanburg Isl Mort. U.s.
Northeastern OF Georgia First Mort Ts'
panvile and Western First Mortgage os
Roswell First Mortgage rs
Macon and Northern First Mortgage 42's
| Georgia PacGc First Mortgage SIS.
co. Consolidated ID Mortgage os
do Income Mortgage So
DO. Stock
Ea., tennessee Virginia and Georgia Improvements and
Equipment SIS
First Extension SIS.
General Mortgage Us.
Cincinnati Extension So.
Memphis and Charleston
Consol. Mortgage rs. Nos 1887 TO $7V@
Mortgage 0s OF 1884.
Louisville Southern Mortgage S.
Mobile and Birmingham First Mortgage s.
East Tennessee. Virginia and Georgia
First Preferred Stock.
Second Preferred Stock.
Common Stock.
Copes q the agreement and plan Of reorganization Oh
the aboyc.dscrbcd properties are ready fof dis'ro,
and oil security holders invited to OBTAIN theni ~
the dcIsstarics Mcssrs. Dexel, Morgan q Co. VI "o
! any member OF the Committee
All holders VI the above securities are notified TO &C.
posit the Office OF Drcxcl Morgan Co, no. ID
St, New.York. receiving therefor their nego'aoe
receipts gcat,e at time for reorganization CUT
tacaes councrslgncd by the Central Trust Company Of
New.Yok which company will act as the custodian Of all
securities deposited for the purposes OF the e'reaHa
Securities not deposited with Drexel, Morgan Co. VIII
not be entitled participate In the benefits OF the rcor
ganlSIon
In lieu OF pcr cent In preferred stock to the holders
Of Richmond and Danyie per cent Consolidated bonds
deposited under the plan. the Committee will allow
per cent cash completion Of the reorganization
A basis Of adjustment has been determined upon In
cspcct TO the Income Bonds and Stock Of the Georgia
Pacific Railway Company which, under the plan Ia It's
original FORM hnd been deferred for future action ana
| in connection with said adjustment and as . part
thereof provisions Of the plan In respect 10 FIRST
md Second Mortcage BOND. OF the Georgia Pacific Rail-
have hen afr0nGemcnt
made with holders OF a majority In amount OF SAID FIRST
and Second Mortgage Bonds
The complete aud modified adjustment proposed for
securities 81 the GEORGIA PACIFIC hAILNAh
COMPANY IL follows:
First Mortgage Bonds to receive interest ut . per
cent, In en- -h and per In preferred stock Of the
New Company for Ave years from Jim. J. 1893 and
mt per In cash thereafter Their present mort.
sase lien TO remain undIsturbed Except interest
u. above. iG In order TO carry out this arrange.
mrnt, foreclosure be found necessary new bonds OF
eqnaI lien to be- substifutcd.
Consolidated second Mortan Bonds TO receive 123
per &c mt. In preferred stock OF the New Company.
Inc omc Bonds TO receive IS per cent In preferred
stoc X Of the New Company.
stock 20 receive so por cent 10 common stock Of the
New Company.
and changes nscr''d therein. has b,cn fled with
the depo~tarles
Tho additions ond changes subject TO hchrisht OF
abandonment the Committee objected ". as in the
ccmcnt provided.
modined adjustment proposed FOR bonds of the Co.
lutia and Dccn,lie Railroad Company and Tor IN" I'M
provernen aud Equipment bomb of the East Tennessee
virginia and Georgia Hallway Company. and same has
accepted by majority IN amount Of each class OF the
bond, mentioned. and i a. follows:
COLI MBIA AND GREENvILLE RAILROAD
COMPANY.
ri, At Norteng e Bond. 10 receive Interest mt cent
n ca .L mud per cent. IN preferred stock Of the New
(ompn ny for Ave from Janunry J. leo3 ana ut
pcr In cash thereafter Their present mortgage
lien 10 rcmnin und.turbcd Except NJ to interest as
nbo,r or II In order TO carry out ths arrangement
Io-urc be found necessary. new bonds Of equal
lien to be sub titutcd
second Mortgage bond. TO receive 1913 per cent In
prefer re stock OF the New Company
EAST TENNESSEE. VIRGINIA AND GEORGIA
RAILWAY COMPANY IMPROVEMENT AND
EQUIPMENT BONDS.
Pr,ncI,oI of present bonds TO be reduced to - per
cent OF present fhc principal ne reduced TO
bcnr interest per cent for , ycars from March l.
S9J aud at per cent? there"fi"r the present mort-
sngc en- 10 remain undsiurbcd except ms to reduce
,ion principal ntcrcst ~ nbove or In order TO
carry this foreclosure he found ncce.'
snry bonds Of equal lien the nbovc basis 10 be
substituted.
The coupon which mntnred March LIST, 1893. VIA
s?J per bond. 10 be purchased nj Its face ,ninc pay'
able on completion OF the organization.
IN addition TO the above Impro, ement and Equip.
Bonds receive 80 10y OF their present face
vnluc In preferred stock Of the New Company.
Thi. makes a total for each Improvement AMI Equip
ment bond 81
10 per cent IN bonds having present except above
or lien equal thereto. and bearing interest at per
cent for years from March l. 1898. and at D per
cent thereafter.
80 per cent In preferred stock OF the New Company.
s2j In cash on completion OF the reorganization.
A copy Of the plan Of reorganization. with these
changes inserted therein. has been Med with the de-
po>itarlcs.
The changes are subject the right OF obandonmcnt
by the Committee II objected 10. the agreement
provided
Amy further Information connected
with the reorganization, which mny
be desired by security holders, will be
furnished on application at the Office
| Of Drexcl, Morgan 4 20.
Committee to itself the right to terminate
any time the pryilcgc Of depositing rs above.