New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-10-05
CeQal Notices
rJ,UONAS C. PLATT vs.. TIE PfIILADEl~
/ PIIIA AND KEADING rAILROAD COMPANY st Al.

In ,h Circuit court II Inc United stain tot i2 The h''
c In- p sid,s Of iaa ~ IN hs'''
To A F u Sss's The judge o. tho said Court.
TIL" ggon i 'v: csh Rne iI n the PTladcph
an S S,rr Riroai company and Ptadepha and
Readne coal and Iron COMPANY and 81 the rnlla1g"
F.-s, That plan for The readlus,ment Of the affairs
Of the philadelphia cadng Railroad Company ana
has been prepared arl your pett@nTFs naSg % may
BE- rcces~afy carryms the same INTO effect a copy
q plan ard q the prooscd ee,~Ss
the Committee and your petitioners. are hereto "hheAea
on Your petitioner. further .how Va, ,h1 At. by 5oa ,ns
term. q h 'Sa in bonds !ha be invited to
coupons regis cred Interest," for hve years ihc'uln:
,n.rcn 10 10 made by the purchasers he basis ot an
isstr o., uust .,b cor, 'aoo,os a, bar: the tine 4
tho PAYMENT q % COUPONS ,Snt I fo ,he tmc q
furch4-" md your nv r,en a'Ne u, Tho saG
coupon. 'and rrs'er'i Interest," and 10 further pay oa
thc n~ of interest agreed 10 be purchased or
aa,sc tfe interest is accrung upon the coupons from
10 l1,c , maturity and Default NJ reasons exist why
sien interest ,ud not now le paid ana IL llst ana
equitable that IKE paymen should be pad 10 ne moh
v,hou, Inconvenience from the ne; earnings OF the Com
ra,h your pconer- further show that the Rairosd
Company willing - enter nto an as,e"Nnt 9 pay 'h ne
Inl.r~ri,tcn IN view = the probability that the plan
viii ' rcr ani % 'nG' II w bs be c5npan2 Sis
your Receivers only iel N , s1-s -, .,,enS
n, lime u payment u he Interest shall have become
s 81. nr.ur, u required oH the Receivers
,,Inr,.s and secured floating d"tt and to make GER
,,fr necessary payments account OF trust ara
,iipr.ut ties the Railroad Company. the said plan
r,.r NOV dies flr subscription AZ par by the holder.
lateral bonds and a. an alternative
H. ,reit,.rs AMI stockholders permitted 20 pay
three the value
- tr holdings and. order 70 insure the raising x
- .l sum as proposed syndicate has been organized
80 ,.tn N seventy per cent. o, their par value such
b. s AS shall be- taken hy the asserting tondholiers
al s,1kholiers consideration u guarantee commits
Am , tw. ,ni halt per cent On the entire issue IN
800 a.. number u income bYnlholiers and stockh 0ilers
St,r,er. n the Philadelphia and Reading Railroad Com
,n, and the Committee. be sufficient q declare the plan
-,h Your petitioners further show that in their jutg
plan grnposri lIr the reaiju<tment ot the
.o,rs - ,d. enling Company IS just and practicable
III r,,s and equities x the creditors and stockholders
% rifs ~ general mortgage tonlholders are 70 I've
t-..er,el a. II such agreement had been made eN
, h, the purchasers % agree 10 forb"ar the en-
their rights Ir years from the date OK
,n ,,r,,1 and proceeds n The collateral trust
tnas being already p-g II % secure the floating IN
.,.lua@- ~ ani's . Do applied - the
f.f~n such Heating d". and % re payment u the
.eers certificates and account ~ the purchase 81
,lnncnt IN preservation = which all the creditors
ami stockholders alike interested
,-,,- t,frlnrr~ play. therefore. nat they may be
,,,h.~lzed and that the Company be permitted e
r,.~ int the agreement hereto annexed and that in
r. me plan carried mo eject. that your petitioners
nav lie authorized MAKE the payments therein stpu-
lated Tor. go