The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-07-09
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OFFICE OF THE
Reorganization Committee
OF THE
NATIONAL CORDAGE COMPANY,
NOS. Is AND Al WALL ST.

NOS % AND ~ WALL ST.
NEW YORK. June 81 1893
To the Holders OF tho Preferred and Common Stock Of
the National Cordage Companyt
Referring to tho Statement and Plan OF Reorganiza
tion addressed to you by this Committee. endorsed
"Circular No. l." the Preferred and Common Stock.
holders hereby requested to deposit their Certn
Gates OF Stock forthwith with the UNITED
STATES TRUST COMPANY, No. IS Wall
at. New York city. which Company has agreed 10
act Trustee OF the mortgage securing the Bonds
be issued and for the deposit Of securities under this
reorganization.
Copies the statement referred to In the foregoing
paragraph ready for distribution at tho Office
Of tho UNITED STATES TRUST COM
PANY. and at the Offices of the undersigned. at
which places the Reorganization Agreement Also
be aud signed
AL stockholders arc hereby requested to deposit
their certificates of stocks with the UNITED
STATES TRUST COMPANY, which Com
pany will issue in exchange therefor It's negotiable
certificates OF deposit exchangeable within
able time for engraved certihcates-
The payments OF stockholders for cash contributions
to working capital are to be made as follows;
PREFERRED STOCK.
1oper cent. or before July 10. 1893
5per cent on or before Aug. TO- 1898.
6per cent. on or before Sept. 10. 15Y1
COMMON STOCK.
5per cent: on or before July 10. 1898
6per cent or before Aug 10. 1s9a
Common stock holders who prefer not to
pay cash contributions to n working capital,
mako their contribution by assigning
and delivering to the Rcorg anization CommIt-
tee tho Trust Company certificates for SO
per cent. par value OF their respective hold
ings In common stock, thus asserting to the
plan by depositing the balance OF their com.
mon stock under the same.
Untn and Including the nth day OF July,
1893, 100000 OF the proposed issue OF Q
per cent. Collateral Trust First Mortgage
Mi lI~IA
scription exclusively to Preferred and Com
mon ockholders OF the National COrdage
Company. who deposit their shares, at tho
UNITED STATES TRUST COMPANY, at
the price or IS per cent. and interesty pay.
ments therefor to be made Is per cent. at the
timo OF subscription. and tho balance mt tho
rate of 2S per cent. per month thereafter.
After that date bonds not taken by the Stockholders
will be offered to tho public at price to DO liked but
not less than IS per cent and interest
OF THIS ISSUE OF BONDS 100000
HAS ALREADY BEEN UNDERWENT
TEN AT sc PER CENT. FOR A PER
CENT. CASH COMMIssION.
Stockholders may participate the underwriting OF
tho remaining 100000 of these Bonds upon tho
same terms by applying to any member OF the Rsor
ganization Committee. provided that ono will DO
permitted TO underwrito less amount than 5000.
The Committee reserves the right to terminate this
privilege any time and to make allotmsnts for less
than the amount underwritten
Any further information IN connection with the re-
organization which may be desired by tho stockholders
will be furnished application at the offices of tho
undersigned. at the office OF tho UNITED
STATES TRUST COMPANY.
The undersigned Committee begs to give notice that
various payments on mills purchased years ago
which the bulk Of the payment has already been made
becoming due. and in some instances already
overdue It is most important to perfect the
zaon at early date that tho interests of all
cernod can be properly protected.
Certificates OF stock. both Common and Pre-
eerred. duly endorsed and in pegotiable
TrEs s' III n cSMfxNYt h az oSce ana
sec.ipt. will be given for the same, bnt the
not he paid until July 10. These receipts
have been placed upon tho unlisted depart
ment OF the Stock Exchange.
GEORGE G.. MAGOUN, 10 Wall st.
ERNST THALMANN, 40 Wall ST..
GUSTAV III. GOSSLER. 1+s Pearl st.,
REORGANIZATION COmmltteo.