New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-12-20

The foregoing percentages TO bonds are based upon
their principal amount Undeposed bonds must be de-
posted with all unpaid coupons
The ~ per cent cash for unstamped receipts and
for heretofore undeposed General Mortgage Bonds
resents coupons July /. 1893 TO January !. 1885,
and Is payable before completion 81 the reorganza-
tion with interest per cent. per annum from the
dates OF maturity respective coupons until paid
By mean. OF this payment 'unsamped' certificates and
heretofore undeposted bonds placed the same
footing as the stamped certificates
The new bonds will be for $1,000 each Interest will
start from January 1896 (frst coupon to mature July
l. $780, and vii. be at per cent. annum.
Tho assessments % cent. on the First.
Second Third Preference Income Bonds 20 per
cent (say $40 per share) the stock and cent.
on the Deferred Income Bonds.
The assessment is payable In four equal instaments
at least 30 apart. The frs; insalment OF one
fourth entire amount must be paid before
January 10th. 1895.
Syndicate has been formed which definitely under
writes the payment Of the assessments and all other
cash requirements OF the plan. in all about sos 900 600
and guarantees the extension payment OF some
$50 10000 improvement Mortgage Bonds and Coal and
Company Bonds mos, OF which VIII mature within
the years
The financial requirements. only Of the reorganza
ton but OF the New Company stated above. thus
fully provided for.
As forth r the plan Fixed charge. Of tn.
reorgan .zed system will be 50 300 almost
Immediate reduction Of nearly 100000 per annum in
these charges will however be effected through the
reundng extension the various bonds shortly to
mature.
Of the for the past four years.
terminating November both.
1892 .sl2 AZ 10" 90
1913 lll'-oso ~
1884, 9,S39SI %
1895 ESTIMATED 70 November. ....... 1924 1913 M
New Company will start without floating deb; and
Will relieved he embarrassment, Car Trust
which during the years absorbed upwards
o 81 800 fron income. and which. unless
provided for as a part Of comprehensive plan
organization VIII further absorb 81 300
the years. The fixed charges will be
well within Of the system in the past
years u depression. and the New Company will
start only with a substantial working cash capital
power provide facilities for the increase
Of business.
Copies OF the agre, and plan OF reorganization
ready distribution. and all security holders
obtain them from They set forth in detail
many which IL impracticabe condense into
this circular. but which OF much importance 10
security holders all depostofs bound thereby.
without regard to this circular.
All holders bonds and affected by the plan may
now deposit their securities with either Of GA!
Offices receiving therefor negotiable receipts. exchange
able any time for reorganization certificates.
Securities not deposited VIII be entitled to
participate the benefits Of reorganization.
Holders receipts of the Central Trust Company OF
New York General Mortgage Bonds deposited under
the existing bondhOides agreement Of May T. 1885,
this plan. unless within hs
limited therefor such existing receipts pro
nj OF Offices stamped by a. assent
ing TO this plan.
Holders OF receipts heretofore issued by the Central
Trus, Company New York for First Second Third
Preference Income Bonds. Deferred Income Bonds and
Stock must surrender the same to and obtain