New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-27

New-York. Philadelphia and Berlin
March 10. 1906
Pursuan, to the announcement OF the co"h'.'"'' u
which Mr. Eiward u Adams and Mr. Brayion ives re-
sp~c,ivcly Chairrnen plan has been prepared ' "
INDEPENDENT REORGANIZATION OF the Hortnern
to.ac Railroad system on Of fair treatment TO oil
classes Of security holders and OF fixed charges on 'pe
propery reduced to an amount beeVeo 10 oe
demonstrated earning capacity ih'S pan
has prepared by the REORGANIZATION COMMITTEES WIN
our ,oin, approval and cooperation and in conformity
with an arrans-ment with the Committees we nave uhaer-
taken o carrying II into effect
In addition Committees above named inc plan
also hA. received approval Of the representatives. OF
jori,y Of each issue Of the mortgage pohas upo" WIN"
the reorganization is based.
The conversion o. tho General First Mortsase oohus
upou the forth In tho Plan Is recommended ~
M..-r, J. T. Morgan Co. August Belmon; a Co., ard
Window IAnier Co.. who originally Issued those ponds
Al well M by the Committee Of General First Mort
Bondholders
An hoders cf tn sbove-described bonds notes. nna
,,ooks are notified deposit tie required by said
plan. 49,.
secur., not 50 Deposited will not be entitled 10 par
,lclpa,e In the benefits Of the reorganization
uo,..-, - ,.c.,,. 81 IN. Mercantile Trust Company OF
x.wYork for Bonds deposited under the existing Bond
holders Of Feb. 49, lse+ are Invited VITA inc
lea st possible delay signify the- approval OF this plan
by producing existing receipts nj one OF our ohces IN
order that We may stamp such approval thereon Under
the terms OF the plan the Managers have the tight "ch
a, any time hereafter their discretion they may exercise
the plan any holders OF SUCH rece'p's WI"
shall TO the request to present ther eee''
for stamping. as expressly asserting 10 The plan
Copies Of the agreement and Of reorganization are
now ready for distribution and all security holders are In
vited 10 obtain them al dcIositors are bouna
thereby They set forth detail features which are
Of much Importance 10 security holders
We believe that the prompt contamination OF tho plan
viii result 20 the hes, interests all security hoders and
will place this vast property sound and conservative
basis
Any further connected with the reorgnrza-
ton when may Desired by security holders Will DO
furnished o application at any OF our offices
Holders OF the issued by the following Companies
re requested 20 communicate with Messrs J. p Morgan
Co. New-York or with the Dcutsche Bank Berlin. CIV
Ing amount holdings and stating whether held
In bonds certificates 81 deposit
Central Washington Railroad Company.
Occur d'Aiene T. way and Navigation Company
Duluth and Manitoba Railroad Company
minnesota Dvisiop)
Duluth and Manitoba Railroad Company
Dakota Dvision)
Helena and Red Mountain Railroad Company
James River Valley Railroad Company.
Northern Pacific and Montana II. r. Company.
Northern Pacific and Manitoba X way Company terminal
bonds.
Seattle Lake Shore and Eastern X. Y. Company
Spokane and Palous- Railway Company
In order to deal eaultsbly with the holder, Of these
Branch Bonds Is deemed TO consider each case
separat ey and upon individual merits
After hearing from large proportion OF each class OF
bondhold~rs steps will be taken arrive
fair basis adjustment. for which General Lien Per
Bonds and Preferred Stock Trust Certificates
have been reserved under this Plan.