New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-10
THE NEW ATCHISON PLAN
AMENDED ORGANIZATION SCHEME Is
SUED BY THE JOINT COMMITTEE

PROVISIONS OF THE REIMBURSEMENT SET FORTH
IN DarAIL-IDEAs ADOPTED FOR THE FuI-
IRE MANAGEMENT OF THE ROAD.
The amended plan for the reorganization OF the
Atchison. Topeka and Santa Fe Railroad Coin-
many has been issued by the joint executive CUM
n,ittee representing the New-YOrk Genera! Keor-
ganlzation Committee. the London bohd"o'''''"
Committee and Hope q CO., Of Amsterdam "c'"s
for the Dutch bondhoiers
The general mortgage Of the AtchiSon company
is to be foreclosed and new company Is 10 De or
canzed which will issue &O2c0Gp OF common
stock $llI. $4,000 of per cent non-cumuauNe pre-
ferred stock. and $96922jS2 general mortgage per
cent l00-year adjustment bonds. Additional pre-
ferred stock TO amount not to cNceei S-''o''V'
may be issued for the acquisition of the Atlantic
and Pacific Railroad. the St Louis ana Sdh J IAN
cisco and thc Colorado Midland t'allTo"u. Au'"-
tional mortgage bonds may be issued rs Iolo"''
one million. ave hundred thousand dollars 10 take
M the FIRST mortgage bonds of the Chicago ana
St Louis Railroad, $l.50O,oD) to take up small
amounts Of Atchison underlying bonds and the
bonds of sma. owned lines. $l55o0D to take up
guarantee fund notes equipment bonds ana car
trust obligations; $3oonVO for improvements out
not over $1,000 GEO to be used in any one year ana
finally S2o0ocoo for the acquisition of tho Atlantic
and Pacific Railroad. the -. Louis ana san fIaH-
cisco and the Colorado Midland
There may be an issue limited to NhWW0 OF
prior lien bonds which shall have precedence OF
the general mortgage bonds The prior lien bonds
are to be used in case it shall be found inadVsaoe
IN utilize the general MORTGAGE bonds in taking up
tho guarantee fund notes, the equipment bonds and
the car trust obligations. The mortgage securing
the adjustment bonds will cover the same property
as the general mortgage After the issue Of the
additional NMOnooo Of general mortgage bonds for
imnrov.ment Their. may be- issued for the same
purpose an additional $-oo"@0 OF adjustment bonds
at the rate Of 100000 a year. The adjustment
bonds are TO be nou-cumulative up 70 July !, 1900,
and cumulative after that date
The total capitalization Of the company VIII 10:
stock t23 $500: bonds ;SI72sS92; total, A'o''i'92
Tho present Atchson securities are To be treated as
follow: The common stock is - be eXcnaiGci
share for share for he now common stock. An as
sessnrcnt OF $50 per snare is to be levied on the
ok. In return for "ncn an c4ut, a'noui, Il, H"
preferred stock H. o. Joe gwen re t i-'r,rre
cago lass \ and class Il bonds, ana a." lhc22iihe
bonds Of 1889 to Dec assessed per cent. ?, H l
second mortgage" Clas, y bonds VIII I'ceINr Sl-ly
I'm urcf.rr.f stock, the second mortgage tldS' u
bonds NlSp 80 prcferr"i stock ani tnr 'ny'r ,t
bonds 81 lap n preferred stock. tn" general nlolt-
houI- S,.i &. adjustment bonds. ana so IN clSH.
synilcltc has under"rift"n me rc2th I III ~
plru which will produce ~ chsn Sl'-''h IN ''lo
asses mont on ~" stock. am $500 t. , t,,'i.
SECS mont on tho scconi mortt"Er anu - dohi
making ,o.d 81 N$e,th Tn" rr s vgD.
an! n. roa'uS debt VII rcqu.r" $500
e. -,3 100 for the expenses of o." r"'t-ii H l" '
working capital tn" plan 20 rcAa" 80 ~, ~ -
cs;y may b. summed up as io.'''s ~.
rroylsi1r f.r future capital requirements sUp't 10
,,r restrictions u.s. o. ttc ISSUE 81 bonds io- ms
af.i,a.r provision for existing prlar h'n pr i'D'ei
moss shorty 20 mature. O. r"insittr '~ls l, -.
and 10 consolidate and unity the system ana thus
save lIr-" annual expenses.