New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-22
finaurial.
RICHMOND TERMINAL
REORGANIZATION,
rycrrpING THE FOLLOWING SECURITIES OF
TIVE
RICHMOND AND DANVlLLE RAIL-
ROAD COMPANY AND SYSTEM,
EAST TENNESSEE, VIRGINIA AND
GEORGIA RAILWAY COMPANY
AND SYSTEM:

GEORGIA RAILWAY IUMrANI
AND SYSTEM:
VIZ:
Richmond and Danville Consolidated SIS
Richmond and Meckcnburg First Mort e's.
Charlotte. Columbia Augusta LIST Consoi. vs.
Atlantic Tennessee and Ohio Stock.
Chester and Lcnor Stock.
First Mortgage rs.
Chcraw and Chester Stock
First Mortgage r.
Columbia and Greenville 1st Mortgage Ga.
do do. Cd Mortgage 6's.
GAINESVILLE & North Carolina 1st Mort. SO.
oxford and Carksylc 1st Mortgage 0s
Northwestern North Carolina LIST Mort 6s
Spa tanburc, Union e. Columbia lst Mort os'
Abhcvillc and Sparanburg LIST Mort 6'o.
Northeastern OF Georgia First Mort. 7s
Danyllle and Western First Mortgage IS.
Roswell First Mortgage -.
Macon and Northern First Mortgage 44's.
Georgia Pacific First Mortgage 6s.
do Consolidated ID Mortgage IS.
do Income Mortgage IS.
do Stock.
East Tennessee, Virginia and Georgia Improvements snu
Equipment SIS.
First Extension SIS
General Mortgage SIS
Cincinnati Extension SIS.
Memphis and Charleston
Consol. Mortgage rs Nos. 1887 to 400.
Mortgage IS OF 1884
Louisville Southern Mortgage SIS.
Mobile and Birmingham First Mortgage o.
East Tennessee, Virginis and Georgia
Hist Preferred Stock
Second Preferred Stock
Common Stock.
Copies Of the agreement and plan OF reorganization Vi
the abo,ed'scrbcd properties are reaay i0' ,o"
and all security holders invited to obtain th'" .o
tho dcrs.,itsrcs Messrs. DreNe. Morgan Co. or from
any member OF tho Committee.
All holder. the above securities are nohhcu u e.
,o,t them at the ONCE DrrNcl. Morgan CO.. NO IS
all Now. receiving therefor thrlr h'eottDIc
receipts, exchangeabc any time for reorganization GER
tfcstes nv the Central Trust company
NewYoIk which company will act a. the cuStohan OF al
securities deposited the purposes OF the rcorganhatoh
Securities not deposited with DreNe Morgan Co. Will
not BE- entitled participate IN the benefits Of The rcoF
sanizaion
In lieu Of per preferred stock to the holders
O, Richmond ana Danvle cent Consolidated oonds
deposited under the plan. the Committee VIII allow
per cent In completion Of the reorganization
A basis OF adjustment has been determined upon IN
,c.p.ct to the Income Bond. and Stock Of the Georgia
Pacific Railway Company. which, under the pan IN Us
original form BEEN deferred for future action ana
IN connection with ,ad adjustment, and a. part
thereof, the provision. Of the plan In respect 10 FIRST
and second Mortgage Of the Georgia Pacific Rail
way Company been altered pursuant N
made with holders Of majority IN amount Of said FRET
ard Second Mortgsee Bonds
IN. complete aud modified adjustment proposed for
securities Of the GEORGIA PACIFIC RAILWAY
COMPANY Is follows:
First Mortgage Bonds To receive interest Mt ) per
cent In and cent. in preferred stock OF the
New Company for five year. from JAM l. i~S3' ana
nj u pcr cent rash thereafter. Their present mort
gare lien 10 remain mnd.turbrd except to interest
y. nbo,c or IT, In order TO carry out this arrange
m~nf foreclosure be found necessary new bonds oil
equaI lion o be -nb.ttutcd.
Consolidated ond Mortgage Bonds TO receive 10
per cent. In preferred stock of the New Company.
,ncome Bond. 10 receive IS per cent. in preferred
stock Of the New Company.
Stock TO receive so per cent. 10 stock OF the
New Company
cory Of the plan % reorganization. with these add
lions and changes inserted therein. has ben hlcd with
the d.poS taries
Ito additions md changes subject 70 hcaright OF
abandonment BY the Committee objected to. a" In the
lrrc-ment provided.
modned adjustment proposed for bonds OF the Co.
lunhil and GreenNile Railroad Company and Tor III" I'm
provcmeu and Equipment bonds ~ the Ea-t Tennessee
virginia and Georgia Railway Company, and same has
accepted by IN amount Of each class OK the
bonds mentioned. and j. a follows;
COLUMBIA AND GREENyILLE RAILROAD
COMPANY.
Fist Mortgage Bonds to receive interest At per cent.
n .h and per cent. IN preferred stock oil the New
oupn for " from January 1873, ana NJ D
prr cent In ca .h thereafter Their present mortgage
lien to remain und-turbcd except NJ TO interest ns
above or II In order to out this arrangement
be found necessary. new bonds OF equal
u. TO he substituted
prefer rod stock Of the New COMPANY
EAST TENNESSEE, VIRGINIA AND GEORGIA
HALLWAY COMPANY IMPROVEMENT AND
EQUIPMENT BONDS.
PRINCIPAL Of present bonds TO be reduced to - per
cent Of present amount, the principal reduced TO
hear ut per for years from March l.
1893 aud per cent. fherrntrr the present mort
.nar Il On 10 r~mnin umd.turbrd except to re due
ton Of and Interest above or ifn order to
carry this foreclosure he found nerr'-
.nry, bonds Of equal lien the above basis to ne
substituted.
The coupon which mniurrd March LIST, 1893 VIZ.
S!5 per bond. 10 purchased nj 1t. face tnlne pn,-
abe on completion Of the rcornnnizaiion
In addition 10 the nbo,e. improvement "nd Ean'"-
Bonds receive 80 per ccn OF their present i"'e
vniu In preferred stock Of the New Company.
hi, makes a total for each Impro' ement ami Equip
mcnt bond 81
- per cent IN present lien except as above
or lien equal thereto and bearing interest at per
cent for > year, March !. 1928. aId at ) per
cent thereafter
20 o.r cent In preferred stock Of the New Company.
| s,5 in cash on completion Of the reorganization.
copy Of the plan Of reorganization. with these
changes inserted therein ha, been Med with the de-
po,ltsres.
The changes are subject the right Of Abandonment
by the Committee II objected TO. the agreement
provided
An, further Information connected
with the reorganization, which mny
he desired by security holders. will Dc
furnished Oh application nt the office
| Of Drcxel, Morgan 10.
The Committee reserves itself right to terminate
At any the privilege Of deposting as above.
DREXEL, MORGAN & CO.,
Depositares.
G. II. COSTER
| GEORGE SHERMAN. Committee.
| ANTHONY J. IHOMAS,)
Limit of Time
for DcpOSiting