New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-12-19

The foregoing percentages to bonds based upon
their principal amount Undeposited bonds be de-
posted with all unpaid coupons
The 70 per cent in cash "unstamped receipts and
FOR heretofore undeposted General Mortgage Bonds
coupons from July /. 1893. to January 1890.
and payable before completion Of the reorganza
ton with at per cent per annum from the
dates OF maturity Of respective coupons until paid
By means payment 'unstamped' certificates and
heretofore undeposited bonds placed the
footing the stamped certificates.
The bonds will be for 900 each. Interest will
start from January l. 1896 coupon July
/. ts9c>. and will he at per cent per annum.
The assessments 30 per the First
Second and Third Preference Income Bonds: 20 per
(say $40 per share) the stock. and per
the Deferred Income Bonds
The assessment is payable in four equal nstalments
at 80 days apart The first instament OF
fourth Of entire amount must be paid before
January 10TH 1896.
syndicnte has been formed which definitely under
the payment OF the and all other
requirements Of the plan all about SIS 900
and also guarantees the extension payment Of
s2oOoo0oo Improvement Mortgage Bonds and Coal and
Iron Company Bonds. Of which will mature within
the next two years.
The financial requirements only OF the reorganlza-
but Of the New Company. stated above.
fully provided Tor.
plan annual fixed charges Of the
reorganzed will be about 50 100000 An almost
immediate reduction Of nearly 100000 per in
these fixed charges will however be effected through the
rednding extension OF the bonds shortly
The earnings Of the system past years
terminating November both.
1892 s2 49, 100 co
ls1 ll.l12 $50 81
1871 9s390I 81
1898 ESTIMATED TO November). ........ 1874 1913
The New Company will without floating debt and
will he relieved from he embarrassment OF Car
which during the last years absorbed UPWARDS
OF si5Jo,Ot0 from its net income. and which. unless
provided for part OF comprehensive plan OF
organization Will further absorb 81 300 additional
In the five years. The fixed charges will be
well within the net income OF the past
years Of extreme depression. and the New Company will
start only with substantial working cash capital
bu, also with provide for the increase
OF business.
Copies OF the and plan OF reorganization are
now ready for distribution ana all security holders are
invited to obtain them from They I'm detail
many features which IT Is impractcahle condense into
this circular. but which OF much Importance to
securty-ho all depositors are bound thereby
without regard to this circular
Al holders OF bonds and affected by the plan may
now deposit their securities with either OF
Offices receiving therefor negotiable receipts exchange
able at any time for Reorganization certificates.
Securities not deposited with Will entitled to
participate in the benefits O the reorganization
Holders OF receipts OF the Central Trust Company or
New York for General Mortgage Bonds deposited under
the existing bondhoders agreement OF May I mo, ar.
entitled the benefits Of this plan unle.s within IN.
time To be limited therefor existing receipts be nro
dneed at one OK our offices and stamped by as assent
ing to this plan.
Holders OF receipts heretofore issued by the Central
Trust Company Of New York First Second and Third
Preference Income Bonds. Deferred Income Bonds and
Stock must surrender the obtain new Ger.