The times. [volume] (Richmond, Va.) 1890-1903, 1893-06-13
TERMINAL SECURITIES.
THE TIME FOR DEPOsITTyG LIN
TIED TO JUNE 27TH.
Additions to the Reorganization Plan An
nounced-About Ninety Per Cent.
Already Deposited.

NEW YORK, June i2-The following
circular regarding the limit Of time for
depositing Richmond and Da1ville and
Georgia Pacific securities has been issued;
Pursuant 10 the provisions OF the agree
ment dated May 1. 1898. for the reorgani-
zation OF the Richmond and West Point
Terminal Railway and Warehouse Com
pany and It's subordinate companies, no
tlce Is given that the committee there
named has limited to June q. 1898, at 3
o'clock =. NJ, the time OF the acceptance
of said agreement by holders Of the con-
solidated mortgage 5 per cent. bonds OF
the Richmond and Danville Railroad
Company and bonds and stock OF the
Georgia Pacific Railway Company. Under
the provisions Of said agreement. out
standing consolidated mortgage > per
cent bonds Of the Richmond and Dan
Vile Railroad Company. first mortgage
per cent. bonds Of the Georgia Pacific
Railway Company. income mortgage
bonds Of the Georgia Pacific Railway
Company and stock Of the Georgia Pa
ciac Railway Company must, therefore,
be deposited at the Office Of DreNel, Nor
gan q Co, q Wall street. New York. Lot
later than June q. 1893. at o'clock =.
NJ. Deposits after that date. II accepted,
will be received only upon such terms as
the company shall deem ft. In lieu or
the per cent. I'm preferred stocks me
holders OF Richmond and Danville FER
cent consolidated bonds deposited under
the plan, the company Will allow Ief
cent on completion Of the reorganization
The basis OF adjustment has been deter
mined upon I'm respect to the income
Railway Company, which. under the plan
IN it's original form. has been deferred for
future action. and I'm connection with said
adjustment and. as a part thereof. me
provisions Of the plan I'm respect 20 hrst
and second mortgage bonds OF the Geor-
eia Pacific Railway Company have been
altered pursuant 10 arrangements made
with holders IN a majority amount OF
the first and second mortgage bonds,
The complete and modified adjustment
proposed for securities Of the Georgia
Pacific Railway Company is as follows.
First mortgage bonds 10 receive interest
AT per cent I'm cash and / per cent.
I'm preferred stock for five years from
January I. 1898. and six per cent net I'm
cash thereafter. Their present mortgage
lien to remain uudisturbed except as 20
interest as above). or. X, 10 carry out
this arrangement foreclosure is found
20 be necessary new bonds Of equal lien
90 be substituted.
Consolidated mortgage bonds 10 receive
125 per cent. preferred stock Of the new
company; income bonds 10 receive thirty
five per cent. I'm preferred stock OF the
new company Stock 10 receive nifty
per cent. in common stock Of the new
company.
A copy Of the plan Of the reorganization,
with these additions and changes inc
serted therein. has been filed with the
dep0sitories The additions and changes
are subject 10 the right Of abandonment
by the committee II objected 10, as In the
agreement provided.
About Ninety Per Cent. Deposited.
NEW YORK. June 12-Drexel Morgan
& Co. announce that about 80 per cent.
Of an classes Of stocks and bonds OF the
Richmond Terminal Company have all
ready been deposited, and that the OUT
standing stocks and bonds VIII be re-
coived I'D 20 June oath. but only ON pay
ment OF penalties Of zoe. per share on
common stock 81 per share on preferred
stock. and t21 each on 8 and per cent.
bonds They also announce that the first
call Of $50 per share on account OF the
assessment ON deposited common stock
rs payable al their office June %. 1895.
The reorganization committee OF tho
Richmond Terminal Company request the
holders of securities of the Richmond
and Danyile and East Tennessee systems
90 deposit them at the office ~ DrexeL
Morgan * Co.. No o Wall street New
York. receiving therefor their negotiable
receipts eNchaHgeabl- az any time for
reorganization certificates. countersigned
by the Central Trust Company of New
York. which company viii act as the GUS
todian ~ all securities deposited for the
purpose OF reorganization.
Securities not deposited with DreXei
Morgan e. co. VIII not boz entitled to par
ucipate IN the benefits OF the reorganiza-
ton.