The sun., 1893-07-08
FinanriaI.
sfinancial.
OFFICE OF THE
Reorganization Committee
OF THE
NATIONAL CORDAGE COMPANY,
NOS. IS AND AZ WALL ST.


NEW YORK, June ~. 1903.
To the Holders OF tho Preferred and Common Stock Of
the National Cordagc Company
Referring to tho Statement and Plan OF Reorganza
tion addressed to you by this Committee. endorsed
"Crcular No. l." the Preferred and Common Stock
holders are hereby requested to deposit their Ccrtif
cates OF Stock forthwith with the UNITED
STATES TRUST COMPANY, No 45 Walt
St. New York city which Company has agreed TO
act as Trustee Of the mortgage securing the Bonds
be issued and for the deposit OF securities under this
reorganization.
paragraph are ready for distribution at the office
OF tho UNITED STATES TRUST COM
PANY, and at the Offices OF the undersigned. at
which places tho Reorganization Agreement also
be and signed
All stockholders arc hereby requested to deposit
their certificates Of stocks with tho UNITED
STATES TRUST COMPANY, which Com.
pany will issne in exchange therefor its negotiable
certificates OF deposit, exchangeable within reason
able time for engraved certificates
The payments of for cash contributions
to n working capital are to be made follows:
PREFERRED STOCK
1orer cent or before July 10. 1893
5rer cent on or before Aug. 10. 1893.
bper cent. on or before Sept. 10. 1s9l
COMMON STOCK.
5per cen:. on or before July 10. 1923
5per cent on or before Aug 10. 1893
Common Stockholders who prefer not to
pay cash contributions to q working capital,
can make their contribution by assigning
and delivering 10 the Reorganization CommIt-
tee or tho Trust Company certificates for SO
per cent. par value of their re spe ctive holJ-
ings In common stock, thus asserting to the
plan by depositinG the balance OF their com.
mon stock under the same.
Until and including the 11th day OF ,Duly,
1903, IS 100000 OF the proposed Issue of o
per cent. Collateral Trust First Mortgage
Thirty-yenr Gold Bonds offered for sub
scription exclusively to Preferred aud Com
mon Stockholders OF the National CordaEe
Company, who deposit their shares, mt tho
UNITED STATES TRUST COMPANY, at
the price OF eS per cent. and Interest; pay
ments therefor to lie made 25 per cent. mt the
tin,e Of suhscription. md the balance at the
rate OF S5 per cent per month thereafter.
After that date bonds no. taken by tho Stockholders
will be offered to the public price to be fixed but
not less than IS per cent and interest,"
OF THIS ISSUE OF BONDS 8:SOOO,OOO
HAS ALREADY BEEN UNDERwKIT-
TEN AT IS PER CENT. FOR A PER
CENT. CASH COMMISSION.
stockholders may participate the underwriting or
tho remaining 81, 100000 OF these bonds upon the
same terms by applying to any member Of the Reor.
Ranization Committee. provided that will bo
permitted TO underwrito less amount than $1,000
Tho Committee reserves the right terminate this
privilege at any time. and to make aotmsnts
than the amount underwritten.
Amy further information in connection with the re-
organization which may be desired by tn. Stockholders
will be furnished application at tho offices Of tho
undersigned. Mt tho office of the UNITED
STATES TRUST COMPANY.
The undersigned Committee begs give notice that
as various payments on mills purchased years ago.
which the bulk of the payment already been made
are becoming due. and in some instances already
overdue 1t is most important to perfect tho reorgan
ization at early date that the interests OF all
cerned can DO properly protected.
Cei tincates of stock. both Common and Pre-.
ferred, duly endorsed and In p-RotIabl~
form, may he deposited with the UNITED
STATES TRUST COMPANY Y at once and
receipts will be given for the snmr, hut the
FIRST instailni-nt for ne preferred stock need
not be paid until duly 10. These receipts |
ment OF the Stock Exchange.
GEORGE &. MAGOUN, Is walls..
ERNST THALMANN,4 4e Wall st.
GUSTAV II. GOSSLER, lss Pearl st..
Reorganization Committee