The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-07-03
HuaufiaI.
OFFICE OF THE
Reorganization Committee
OF THE
NATIONAL CORDAGE COMPANY,

NOS - AND AZ WALL ST.
NEW YORK. June a. 1899.
To the Holders OF the Preferred and Common Stock Of
the National Cordaee Company
Referring to the Statement and Plan OF ReorEaniIs
tion addressed to you bv this Committee. endorsed
Circular No. l." tho Preferred and Common stock
holders are hereby requested to deposit their Certi
Gates OF Stock forthwith with the UNITED
STATES faust COMPANY, No ~ Wall
st.. New York city. which Company has agreed to
act Trustee Of the mortgage securing the Bonds to
be Issued and for the depot OF securities under this
reorganization
Copies or tho statement referred to In the foregoing
paragraph ready for distribution at the once
Of the UNITED STATE. TRUST COM
PANI, and at the Offices of tho uniersigned. at
which places the Reorganization Agreement can also
be.seen and signed
All stockholders arc hereby requested tn derodt
their certificates OF stocks with tho UNITED
STATES TRUST COMPANY, which Com
rany will issue in exchange therefor Its negotiable
certificates Of deposit exchsngcabs within reason.
able time for engraved certificates
The payments Of stockholders for cash contributions
to n working capital are to be made ns follows
PREFERRED STOCK
10 Per cent. on or before July 10. 1898
brcr cent or before Aug. 10 1893
bper cent. on or before Sept. 10. 1871
COMMON STOCK
per cen. on or before July 10. 1898
brer cent on or before Aug TO- 1903
Untii and including the nth day or July,
1903, IS 100000 OF the proposed issu. OF Q
per cent. Collateral Trust First Mortgage
Thirty-yenr Gold Bouds are offered for sub
scription exclusively 10 Preferred and Conn
mon Stockholders OF the National Cordage
Company, who depostt their shnrra, ut tho
UNITED STATES TRUST COMPANY, ut
the price OF IS per cent. ana interc.tB pay.
nents therefor TO he made Fl per cent. At tho
time OF suhscriptiou. md the balance NJ tho
rate OF 40 per cent per mouth thereafter.
After that date bonds nor taken by the Stockholders
will be offered to tho public at price to bo liked but
not less than 30 per cent and interest
OF THIS ISSUE OF HONDS e3,ogO,QO
HAS ALREADY BEEN CNDEkwRlT-
TEN AT So PER CENT. FOR A FER
CENT. CASH COMMISSION.
Stockholders may paric in the underwriting or
tho remaining So 1000 900 of those Bonds upon tho
same terms by applying to any member OF tho Reor.
ganination Committee. provided that no ono viii bo
permitted TO undorwrito a less amount than $1,000
Tho Committee reserves the right to terminate this
privilege At any time and to make alotmsnts for less
than the amount underwritten
Any further Information in connection with the
organization which may be dcsredb by this stockholders
will be furnished application at tho o,ces of the
undersign ed. at tho onicc OF tho UNITED
STATES TRUST COMPANY.
Tho undersigned Committee begS to gvs notice that
various pay on mills purchased years ago
which the bulk Of tho payment has already been made
nrc becoming due and in instances are already
overdue is mos. important to perfect the reoryan
izaton early date that tho interests OF all
cerned can be properly protected
&c: tiHcnte. Of stock. both Common ma Sre.
ay ss srSssUM fs a. once nas
receipts Will he given Tor tae Ramr, hut tho
nrst tn-tnilun MT tor u: W Pre- iorred stock need
not BIO paid until July I'D. rhcse receipts
VIII he PLACED npcn The unlisted dsca ar
GEORGE e. MAGOUN. Is Wall 81.
ERNST THALMANN, 40 Wall st.,
GUSTAV II. GOssLER. las rearl St.
Reorganization Commlttee.