Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-08
FINANCIAL.
Reorganization
OF THE
Norfolk & Western Rail-
read Company System.
FINANCIAL.

lsUiiUiA " VkStSlu N0ih-
read Company System.
To Holders Of the following nonds
and stocksi
NORFOLK a WESTERN II. n. CO.
Adj1stnent Mortgage per cent
Bondr,
f00-year Mortgage bonds.
MARYLAND & washinston Division
Bonds,
CIInch VALLEY Division Bonds.
Equipment Mortgage Bonds OF
1855.
Five per cent. Debcntures of fs02,
Preferred stock,
Common stock.
ROANOKE & SOUTHERN ny. co.
First Mortgage bonds,
stock.
LyNCHBURG s DURHAM n. n. co.
First Mortgage Bonds,
stock.
A Plan OF Reorganization has been pre-
pared by the undersigned New York Ex-
ecutive Reorganization Committee. In CO.
operation with the London and Amster-
dam Committees, and the undersigned
Committee has undertaken TO act in carry
ing this Plan into effect.
Copies OF the Plan may be had upon APP
plication 70 the MERCANTILE TRUST
SoMPANY vat at Its rS p fs,d Fro lsS
will act as depository OF all securities.
Deposits will be received on and after
APRIL s; 1896. and all holders OF the bonds
and stocks above mentioned are hereby
notified 10 deposit the same not later
than APRIL BOTH.
The plan provides for the creation OF
the following new securities:
(a) So. $4,000 First Consolidated Mort
gage Four Per Cent Gold Bonds, or
which So, ,675 will be used to provide
for the aforementioned disturbed bonds;
$25, CSC, $50 will be reserved for the purpose
OF taking up or paying the undisturbed
bonds OF the Norfolk and Western Rail-
road Company and the naisnee Tor i IN,
other necessary purposes or the new conf
o. s2s,OOO,OOo Four Per Cent. Non-cumu..
lative Adjustment Preferred Stock, all OF
which will be distributed among the hold.
ers OF the aforementioned disturbed
bonds as set forth In the Plan.
(c) $66.O00.0o0 OF Common Stock.
The following is the basis OF exchange
LIST Cons. Adj Pref.
brtge Bonds. stock.
Per ca. Per ca.
100 Yenr sIortgage
Bonds ............. q L. 10
Maryland and WASH
fugtOn DIV. Bonds... 10 " L.
CIinch valley Division
Bonds s...........s 90 10
Equipment Mortgage
bonds of 1883 ......t00 AZ
Five Per Cent. Deben-
lures OF 1902 ...... .. 100
RI anoke a. sopthern
ny. Go. Bonds ..... 5J 90
Lynehburg a. Durham
n. II. Co. Bonds 80. ~ 05
The Norfolk and Western Railroad Com
pany Adjustment Mortgage Per Cent.
Bonds will receive Per Cent. cash. 80
per cent. In New First Consolidated Mort
gage Bonds. and 20 per cent In Adjust
ment Preferred Stock
In addition to the foregoing, depositors
Will receive at the time OF deposit a sum
in CASH equal TO three months interest
on the new First Consolidated Mortgage
Bonds 10 be received by them under the
Plan which bonds viii bear interest from
DEPoSiTING STOCKHOLDERS Of the
respective companies will receive Common
Stock in the new company to the follow
ing amounts. in consideration of the pay
ment In instalments. as stated IN the
Plan, of $3.50 per share deposited-yiz:
Norfolk X West. II. II. Co. Pref. SIX,
20 receive Ii2 L. per cent.
| Norfolk ~ West. X. II. Co. Com. sti<,
to receive .5 per cent.
Roanoke & south. Ry. Co. stock.
to receive ~ per cent.
L,nchburg a Durham u. u. Co. STR,
to receive Is per cent.
We believe that prompt deposits OF tine
/ securities will be for the best interests OF
all concerned.
Any further information in connection
/ with the reorganization may be obtained
/ upon application 10 the Secretary.
LOUIS FITZGERALD, Chairman.
| j. KENNEDY TOD,
GEORGE COPPELL.
/ 4. 4. III. BOIssEyAIN,
ROBERT FLEMING.
G.. SLIGO DE PO'rHONIEH,
". r. u. HUBRECHT,
New York Executive Reorganization
Committee.
W. Il. GLYN, Secretary
Is Wall street New York
| SEWARD, GUTHRIE. MORAWETZ e.
STEELE Counsel ap78Hf0