Kansas City daily journal. [volume] (Kansas City, Mo.) 1892-1897, 1895-03-28
LOMBARD REORGANIZATION,
PLAN SUBMITTED TO THE STOCK.
HOLDERS BY THE COMMITTEE.
1t Is Proposed to Unite Eastern and west
crn agents In n stock Company to
Whose Preferred stock they
Can All subscribe.

Can All Subscribe.
New York March 27.-The reorganiza-
tIau committee Of the Lombard Invest
mont Company composed Of r.. H. Ro-
chester, chairman; Il. L. Walker, secre-
tury, and George Burnham, Jr.. treas
urer have submitted a plan OF reorgaui-
cation tu the stock mortgage and de-
heuture holders of the company. The
plan contains the following statements:
Gent,.mcu:-The time Is rapidly ap-
preaching when. by reason ot the sale OF
the comrany's general estate under or
/ der of the court the valuc OF your hold
| iues In this company will hc determined
4. and this committee after having care
/ iullN reviewed as far as possible, all the
. i1.ts connected with the case, have
! reached tH" conclusions:
/ j. That under proper management Of
/ the property much can be saved for both
/ creditors and stockholders.
y. That under like management there
u.,l hH mo- suuh sacrifice of the general
I state us must result from a forced sale
/ o. outside purchasers ami that there
/ fore. the general estate should be bought
/ ju hy ourselves
Sc That substantial value remains in
tine business ana that IL is capable of
preservation.
g. That the agents. both in the East
and in the West through whom the work
has been ana is now being done are the
prapgr partfrs to he nssoriated with
yourselves IN the accomplishment OF
these results: and
.. That because of their assured %.
uueratiou aud Of y6ur own intrrsst in
the preservation of your property. a sue
o.ssfui corporation orsani2ed under the
laws o. some Eastern state, and of which
they ard Yourselves snail he tb, stock.
holders and managers is rractIrobi
We propose to unite all Eastern and
western agents i'm. \ c,rnanw IN u.h"st
tr. ferrei 6anita1 stock thrv wiIi hS nar.
mgttyd TO subscribe and To which tbev
win be asked to transfer whether sub
sr~fhers or not ali the colIectIo, buei
ness they may be able to control 10
such agen.s viii he Maid AS nov and AL
ways, a commission on the business
done. PAYABLE as collected. You are
given Tho privilege of subscribing TO a
fund To- be used bv the committee in the
purchase of the general estate. Snur
s,llscriutiou will he received nj IN, ,ata
~ nor lass than 10 re. cent rn,, more
than u r.r cont of ynur holdinrs of
lombard stock. and All Of v6u,, nrHvahIa
claims against the company Sn far as
your sllbscription on claims is concerned
1t IS payable in such claims as YOU NAV
urnya against the General estate
When suhscrintious have bean made
the committee viii then prnceed to mr.
chase the general estate If tassihIa at
tho ,riniulIu1 rrlra rn,.irtr tbararor
partly In cash and partIv in statamants
against il and after rurchase viii trans
fer the same to the new Cnmpany nj lie |
actugl aprrlisad yaIue rareiyjnir fron, |
the new roupanv such actual apnraiseJ |
value. p7yahia In its nreferred storlt IN |
;he extent of the price paid by the COM |
ruittra. and me balance In its ron,nn,, |
stock Tha rrararre6 s+ocl; win be- ~ |
one. ,.rl rated anoup subscrihars on5 |
the common stock retained hv the nur- |