New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-11
financial.
OFFICE OF THE
Reorganization Committee
or THE
National Cordage Company
NOS. IS AND A. WALL STREET.


NEw.YORK. Juno %. 1893
To the Holders Of the Preferred and Common stock
Of the National Cordnge Company,
Referring TO the Statement and Plan OF Reorganization
addressed to you by this Committee. Endorsed Circular
No. tho Preferred and Common Stockholders are here.
by requestl deposit their Certncates OF Stock
with with the UNITED STATES TRUST COMPANY,
No. IS Wall Street. NewYork City. which Company
agreed Trustee Of the mortgage securing the
Bonds DO issued and for the deposit of securities under
this reorganization.
Copies OF the statement referred tn in the foregoing
>paragraph are now ready for distribution at the Office
As UNITED STATES TRUST COMPANY and at
the Offices OF undersigned which places the Re-
organization Agreement also be and signed.
All Stockholders hereby requested 10 deposit their
certificates OF stocks with the UNITED STATES
TRUST COMPANY, which Company will issue
change therefor lts negotiable certificates OF deposit,
exchangcable within reasonable time for engraved
u1cates.
Tho payments OF Stockholders for cash contributions
TO a working capital are to be made D. follows:
PREFERRED STOCK.
10 per cent OIL or before July 10th, 1893.
g per cent. on o before August 10th. 1898.
3 Der cent. on or before September 10Th. 1893.
COMMON STOCK.
8 per cent. on or before July 10TH 1893.
s per cent. on or before August 10th. 1893
Common stockholders who prefer not 10 pny cash
contributions TO n working paI make their con.
trbuiion by assigning and delivering 20 the Reorgnn
ynton Committee or the Trust Go. certificates for 900
par value Of their rcsOccfivc holdings in common
stock thu. n-scniing TO the plan by depositing tho
balance of their common stock under the same.
Until and including the 11th day OF July, 1923,
$4,000 900 Of the proposed Issue Of per cent
Collateral Trust First Mortgage THRIFTY Gold
Bonds offered for subscrDtion exclusively TO Pre-.
ferrcd aud Common stockholders Of the National
Cordag &c Company who deposit their shares at the
UNITED STATES TRUST COMPANY mt the price
Of 81 per and INTEREST," payments therefor to be
made rs per cent. Mt the time Of subscription and
the bnInnce Mt the rate Of 2J per cent. per month
thereafter.
After that date bonds taken by tho Stockholders
will DO offered the public at pie to be fixed. but
not less than 81 cent and interest
Ofthis issue OF Bonds $4,000 900 has already been
undrrw rifien at IS per cent for per cent. cash
commission.
stockholders nay participate in the underwriting OF
the remaining 81 100000 Of these Bonds upon the sane
bv applying TO any member OF the Reorganization
Committee, provided that no ONO VIII be pcrnhthl 10
underwre a loss amount thon 5000 Tho Committee
tight terminate this privilege a; any time
and T. make olloments for less than the amount under
written.
organization which may desired By the Stockholders
Will be furnished application at tho Offices OF the
undersigned or az the Office Of tho UNITED STATES
TRUST COMPANY.
Tho undersigned committee bccs 10 Give notice that
as various payments mills purchased ycors ago. Oh
which bulk Of the paymen. has already been maze
are becoming due. and Instances are alrady
overdue II IS most mporton; TO perfect the TeorIahza'
early date that the interests OF all con-
ccrncd can be properly projected
Certificates OF stock both common md preferred duly
indor-cd aud in NJ gotinbIc form. mny be deposited
with the United STATES TRt 1T COMPANi nj
md receipts will be given for the snmc' bni Tue
first in.tnimeni for preferred stock need not be
IN Id uniiJ 1Oth These receipts have been placed
upon the unlisted dep OF the stock Exchange
TIE TIME FOR TIE DEPOSIT or ABOVE
STOCKS HAS BEEN EXTENDED TO ii Ll 18TH,
AND FOR THE PAYMENT or THE FIRST INSTALL
ur<r ny >rCu ASSERTING SHAREHOLDERS
TO AUGUST 10Th. ADDING INTEREST At TIE
RATE OF ger CENT. FROM JULY 10TH TO
DATE OF PAYMENT.
GEORGE &. MAGOrN, Is Wall 81,
ERNsT TIIAIMANN, 40 Wall ST.,
GUSTAV II. GOSSIER. 1tS Pearl ST..
Rcorganizai on Committee.