New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-24
financial.

financial.
RICHMOND TERMINAL
REORGANIZATION,
INCLUDING THE FOLLOWING SECURITIES o.
RICHMOND AND DANVlLLE RAIL
ROAD COMPANY AND SYSTEM,
EAST TENNESSEE, VIRGINIA AMI
GEORGIA RAILWAY COMPANY
AND SYSTEM:
VIZ:
Richmond and Danvilc Consolidated S.
| Richmond and Mecklenburg First Mort G's
Charlotte. Columbia & Augusta LIST Coneoi' ~
Atlantic. Tennessee and Ohio Stock
Chester and LeDoir Stock.
First Mortgage rs.
Cherav end Chester Stock.
FIRST Mortgage 7s.
Columbia and Greenvillc LIST Mortgage o's.
Clarksville & North Carolina LIST Mort. 6s.
| oxford and Clarksvllc 1st Mortgage Gs
Northwestern North Carolina LIST Mort 6's.
Spartanburg. Union e. Columbia LIST Mort. So
Anhevilc and Spartsnburg 1st Mort. Gs.
Northeastern OF Georgia First Mort U.s.
| Danvic and Western First Mortgage 5s.
| Roswell First Mortgage rs.
Macon and Northern First Mortgage 45s.
Georgia Pacific First Mortgage Gs
Co. Consolidated ID Mortgage 90.
Income Mortgage SIS.
stock
East Tennessee Virginia and Georgia Improvements snt
Equipment SIS
First Extension SIS.
General Mortgage SIS.
Cincinnati Extension SIS.
| Memphis and Charleston
Consol. Mortgage rs. Nos. 1887 TO f7o"
Mortgage 0s OF 1884.
| Louisville Southern Mortgage SIS.
Mobile and Birmingham FRS: Mortgage So.
East Tennessee Virginia and georgia
First Preferred Stock.
| Second Preferred Stock.
Common Stock
Copies q the agreement ard pon OF reorgah.Aon "
the abovedcscribd properties ready for Distribution
and all security holders invited to obtain them ITO"
tho dcpo~tlrles, Mssrs. DeXel, Morgan Co. or Hon
| any member OF the Committee
All holders OF the above securities are nomnod 70 Sc
post them the Office Of DreXe Morgan Co.,. No. =
Wall St. NewYOrh, receiving therefor their n'gotao'
receipts exchangcabe at time for reorganization Ger
thcates countesgnci by the Central Trust Company
NewYork, which company will act the custodian oil o.!
securities deposited for the purposes OF the reorganization
Securities not deposited Drexel Morgan Co. viii
be entitled participate In the benefits OF the rcor
ganiLslon
In lieu OF per cent In preferred stock TO the holders
Richmond and Danve per cent Consolidated bonds
deposited under the plan. the Committee VIII allow
per In cash completion Of the reorganization
A basis OF adjustment has been determined upon In
respect 10 Income Bonds and Stock OF the Georgia
Pacific Railway Company, which. under the plan In IT.
original FORM mad Teen deferred for future action and
in connection with said adjustment and a. part
thereof hc provisions Of the plan In respect 10 First
and Second Mortgage Bond, Of the Georgia Pacific Rail-
way Company have been altered pursuant 70 arrangement
made with holders Of majority in amount Of said Fret
and Second Mortgage Bonds
| The complete aud modified adjustment proposed fo'
securities Of the GEORGIA PACIFIC RAILWAY
/ COMPANY IS a. follows:
FIRST Mortgage Bonds to receive interest Mt per
In cnsh and cent. IN preferred stock Of the
New Company for five year. from Jan. I. 1893. and
per In cash thereafter. Their prcsrnt mort
gngo lien remain undisfurbcd except to Interest
abovc or IT, In order ." carry out this arrange
mcnt. foreclosure be found necessary new bonds OF
| cqunI lien to be substinted.
Consolidated sec ond Mortgage Bonds 10 receive 12j
per cent. In preferred stock OF the New Company,
Income Bonds to receive IS per cent. In preferred
stock Of the New Company.
stock to receive so per In stock or the
New Company.
copy Of tho plan ~ rcorgan1atlon. With these add
aud change, inserted therein. has ben Med Win
the dcpe'tares.
Tho additions and changes subject 20 Tho right Of
abandonment bv Committee II objected 20. ia the
agreement provided.
mofincd adjustment /. proposed tor bonds y the Go
umba and Grccayilc Railroad Company and ir IA" I'm
proVcmeni aud Equipment bond- the East Tennessee
virginia ana Georgia Railway Company. and zane Ia.
accepted by majority Ia amount Of each class u tbs
bonds mentioned. and l. a. follows:
COLUMBIA AND GREENyILLE RAILROAD
COMPANY.
Fl 1T Mortgage Bonds 10 receive Interest NJ
en- sh and PER cent. preferred stock Of the New
(ompnny for 1--WE years from Jnnmary 1893 aud NJ
per enf in cash thereafter. Their
lien TO remain uadlsinrbcd Except TO interest
force o,ure be found necessary. new bonds Of eaun
u u he substituted.
second Mortgage Bonds 10 receive 12J per cent. ir
preferred stock Of the New Company.
EAST TENNESSEE VIRGINIA AND GEORGIA
RAILWAY COMPANY IMPROVEMENT AND
EQUIPMENT BONDS.
Principal Of present bonds TO be reduced 10 ~ pei
cent. OF present nmouH the principal reduced "a
bear interest u per cent. for from March
1893, aud nj cent. thereafter. the present mort
gng zen O remain undismrbrd except as TO educ
tOn principal ana interest nbOvc u tn order "a
this foreclosure Ice found ncccs
smry bonds Of equal lien the nbo,c bnsis to bt
| substituted.
The coupon which injured March ! ~, 1893. VIZ.
S!J per bond be pure In srd at it, face yulue IN