New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-25

TIE
RICHMOND AND DANVILLE RAIL-
ROAD COMPANY AND SYSTEM,
EAST TENNESSEE, VIRGINIA AND
GEORGIA RAILWAY COMPANY
AND SYSTEM:
Richmond and Danville Consolidated IS.
Richmond and Meckcnburg First Mort 6's.
Charlotte Columbia e. Augusta 1st consol 90.
Atlantic. Tennessee and Ohio Stock.
Chester and LeDor Stock.
Fist Mortgage rs.
Chcraw and Chester Stock
First Mortgage rs
Columbia and Greenville LIST Mortgage 0's.
do. do. Cd Mortgage 6's.
Ciarksville & North Carolina 1st Mort. s's.
Oxford and GAINESVILLE list Mortgage Gs
Northwestern North Carolina let Mort g.
Spartanburg, Union 4 Columbia LIST Mort o.
Ashcville and sparanburg 1st Mort G's.
Northeastern OF Georgia Fist Mort "a
Danvilc and Western First Mortgage o.
Roswell First Mortgage rs.
Macon and Northern First Mortgage AS
Georgia PsciGc First Mortgage Gs
d. Consolidated % Mortgage 50.
DO Income Mortgage Us.
DO. stock.
East Tennessee, Virginia and Georgia improvement snu
Equipment 6's.
First Extension SIS.
General Mortgage S.
Cincinnati Extension So.
Mcmphs and Charleston
Counsel. Mortgage rs Nos. 1887 70 LOO
Mortgage 6's OF 1884,
Louisville Southern Mortgage SIS.
Mobile and Birmingham First Mortgage -
East Tennessee. Virginia and Georgia
First Preferred Stock
beeond Preferred STOCK.
Common Stock.
Copies Of the cement plan OF reorganization OF
the rbcd properties are ready for d''ou''
and oil security holders invited 10 obtain ten o"
tho dcposltarcs, Mcssrs. DreAc. Morgan Co. or nom
any megbcr OF the Committee.
All holder, OF the above securities arc notified To &C.
post them oiice ~ Dr'Ncl. Morgan Co. No. -
Wall St. New.York receiving therefor their negotiable
receipts eXchangcabc at any TIM FOR rcorguhEaoh ccr
ncates countcisgnd by the Central Trust Company Of
New-York which company will act a. the custodian OF all
securities deposited for the purposes o. Oh" reorganization
Sccuritiop deposit d with DIexc Morgan Co. VIII
he entitled ~ participate ia the benefits OF The ror
gaDiLAon
In lieu Of per preferred stock to the holders
q Richmond ana Danylle pes cent Consolidated boha'
deposited undo the plan the Committee VII! al1o"
per cent in cash completion Of the seorGanization
basis O, adjustment mas been determined upon IN
respect Income Fond. and Stock Of the Georgia
Pacific Railway Company, which. under the plan In It,
IN connection with sud sdJu'tment. and as part
thereof provisions Of plon IN respect q First
and Second Mortgsgc Bonds Of the Georgia Pachi Itd
way Company ben altered pursuant - arranecin"nt
made with holders q majority In amount o SAL first
and Second Mortgage Bo;cs.
The complete and modified adjustment proposed for
securltles Of the GEORGIA PACIFIC RAILWAY
COMPANY Is a. follows:
FIRST Mortgage Bonds to receive interest nj ) per
cent In cash and per cent In preferred stock Of the
L.. 81
at per In cash thereafter. Their present mort
gnge eh remain undlsurbrd except rs to interest
above). If In order 10 carry out This nrrnnsa-
foreclosure he found necessary. new bonds Of
equal lien be substituted.
Consolidated secord Mortgage Bonds to receive 125
per cent. In preferred stock srthc New Connnny.
Inc ONE Bond. receive IS per cent. in preferred
stock Of the New Company
Stock 20 receive 30 per cent ~ common stock Of the
New Company.
copy Of the plan 0, REORGANIZATION wi'h add.
and changes inserted thcrein has ben MED with
te depostaries
The additions ard changes subject % the rght o.
abandonment by the Committee objected 70. Ia tho
agreement provided.
4 modified adjustment, Is proposed Of the Co.
rUbls and ,irenyile Railroad Company aud for the I'm
proyemcnt and Equipment bonds Of the East Tennss.ee
Virginia and Georgia Railway Company. aud anne has
accepted by majority IN amount q each class Of the
bonds mentioned ana is a. follows:
COLI NbIA AND tRtEN'ILir HALLWAY
COMPANY.
III If Mortungc Bond. TO receive Interest per
On Ill mud PR cent IN preferred stock OF the New
Compnn ny for hvcyrnrs from January 1893 aud nj u
pcr ont In cash thereafter. Their Irr.cn noramsc
lien 10 ren,nIn mndisurbrd Except 10 intercs; NJ
nboy~l, IL In order TO on this arrangement
foreclosure be found necessary. ne" bonds Of eHn"
u II TO be- substituted
second Mortgage Bonds to receive I2j per cent. In
preferred stock Of the New Company.
EAST TENNESSEE. VIRGINIA AND GEORGIA
RAILWAY COMPANY IMPROVEMENT AND
EQt IPMENT BONDS
Prjucipa Of prcscn, bond. TO be reduced TO - per
crni. OF present the principal ns reduced 10
bear interest at pes cent for years from March
s9J and ut per thereafter. the present mort
a. &c en- 10 remain undisnrbrd except ns 10 reduce
lion Of principal ana Interest ~ above or In order 4"
carry this foreclosure he found nrccs-
snry nov bonds Of equal lien the above basis 10 be
sub-iifuted.
The coupon which mninred March 1si. 1893. VIZ,
per bond be purchased ~ II, face v"lar, pay.
q bic on completion Of the reorganization.
In addition q the u bo,c. Improvement mud EGuip-
cni Bonds receive 80 per cent Of their present lace
value in preferred STOCK Oi i'ir New Company.
This total for each Impro' enent ana Equip
mtni bond "
2? per cent present lien Except a. aboyc)
or lien equal thereto and bearing interest at per
cent for from March !. 1898, and at per
cent thereafter.
20 per cent in preferrei stock OF the New Company
se5 n cash on completion Of the reorganization
copy Of the plan OF reorganization, VITA those
changes Inserted therein, Id, been hlcd with the do
positaries.
The subject to the right OF absndonment
by the Committee II objected TO- a. In the agreement
provided
Any further Information connected
will, the reorganization. which may
he desired by security holders, will be
furnished on application at the Office
Of Drcxel, Morgan & 20.
The Committee TO it.c' the right TO terminate
q, ally tmo the privilege OF de2ostng as above.