The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-04-10

New York, April 9-The Atchison
Reorganization Commute issued their
plan today, which is signed by all the
members of the joint executive re-
organization committee, and which
has been approved by the New York
general reorganization committee,
the London bondhoIders committee
and Hope & Co, Of Amsterdam, act
ing for the Dutch bondholders. The
plan proposed is t. fOreclose the gen
eral mortgage and other mortgages.
ST deemed desirable and vest the pro-
peTties acquired at foreclosure sale in
a new company The capitalization Of
the Atchison company, under the re-
organization, viii compare as follows
with the present figures:
First-New general mortgage tours,
S9e, 999 3S2, with fixed interest of $3.50
623. and four per cent adjustment
bonds, S5t,72S,311. non-cumulative
uhdi after July l, 1890, in place Of
present general mortgage TOURS,
amounting to Si29, 32S,177, with fixed
interest of S5,l72.S31.
New per cent non-cumulatlve pre-
4ererd stock Stl1. 4S5,951, in place Of
$50. 600 second mortgage "a" bonds:
with fixed interest at IS, III, 500; S1O,-
100000 second mortgage ''B" bonds
with fixed interest of $500, 900 and ST.
253. 607. income bonds Interchangeable
for ~ with fixed interest of $50. Ia
Thipd-New prior per cent bonds
lS,020.314. with fixed interest of $780,
SO, In place of 80 1000, 900 guarantee
fua.1 per cent notes, with s540, 000
fixed inte4 est; $l,750.O00 equipment
trusa series "A" per cent bonds,
with $4,000 fixed interest, and $1,270.s
IA equipment lease warrants.
600 in exchange for a like amount Of
present capital stock. The Chicago &
St. Louis first mortgage 6 per cent
bonds, amounting to S1,500,000 with
$50 G0a fixed interest, may be left IN
disturbed The capitalization under
tn Reorganization Will amount to
S377, 26S, POS, with fixed interest of $4,-
52S,547. against an existing capitaliZa-
ton Of 1895, 595,247, with fixed charges
of 50, 5S6, 0S3
Under the plan the Atchison general
mortgage 4 per cent bonds with the
coupon of January l. 1894, and all sub
seouent coupons thereto attached, zgill
receive 40 per cent Of the principal in
new general mortgage tours, 100 year
gold bonds bearing interest from Oc-
toDer /, 1895, and 40 per cent in 4 per
cent 100 year adjustment bonds, hear
ing interest payable only out Of net
EARNINGS. no1l-cumulative to July /
1890 and cumulative after that date.
lAtchfson 4 per cent seconds, class A
with coupon of April !. 1894 and all
subsequent coupons, attached, will re-
reiTe 113 per. cent? of their par value in
per. cent non-cumniative maid
gtnck of the new company. The bonds
are assessed per cent. Of which ,
per cent. must be paid at the time of
deposit and the remainder when the
new securities are ready for delivery,
Atchisoil per cent mortgage bonds.
Class B. with coupon of April !, 1894
and all subsequent coupons attached
and Atehison income bonds OF 1889
with coupon Of September l, 1894. and
all subsequent coupons attached. will
receive 118 per cent OF their par value
IN the new company preferred stock,
These bonds are assessed per cent to
be paid under the conditions governing
the class "a" bonds and the income
bonds IF 1889 Atchison capital stock is
assessed SO per share of which IS
must be paid at the time Of deposit.
and the remainder Of installment Of
not more than 50 each at intervals of
not less than thirty-one days when
called for by the joint executive conn.,
sn:tsee. Stockholders viii receive for