New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-28

Nsw-York Philadelphia and Dcrl'n
March TO- 1896.
r1,rsuan, the announcement OF me 'o''''"'ee' W
rhich NJ, Edward y Adams and Mr. Drayton ives re-
,p.ct.vely nre Cha,rmen plan has been prepared " "
INDEPENDENT REoRGANiZATloN OF the No''''' M,
,ococ Railroad system basis Of faiT treatment 20 al
classes Of security holders. and OK fixed ehaft o Wv
r.oryanz.d property reduced to an amount o~"eeu ~ ~
well within It's demonstrated earning capacity Inns p
has been prepared BY the Reorganization COMMITTEES WIN
,, ,nt o,u-oval and cooperation. ana IN conformity
with an arrangement with the Committees We nave ~
taken 10 &C, in earring II into effect
In addition to the Committees above named the pan
also has received approval Of the representatives, OK
rtv Of .ach issue the mortgage bonds upon ""'e"
the reorganizatio9 is based
n. conversion OF tie General First Mortgage bonds
ron the terms forth In the Plan Is reoo'nnehD u,
Mes.rs J. J.. Morgan q Co. August Belmont & co. ana
,v,sly Innler a Coz who originally issued those pohaA
a. we'll as by the German Committee Of GeheTa' f''s' 0'
gage Bondholiers.
a, Ao,s.r. y; IN, atove-described bonds notes. and
. ar. notified to depos, the required bY said
plan. ,.,, >. ,.r
securities M, 20 deposited Will not he entitled 10 par
,cl,a,e In the benefits u the reorsAf']a''o"'
,ro,,-. n, ,cc-n,. q the Mercantile Trust Company OF
Va, yrk .r Bonds deposited under the existing Bona
holders Agreement Il Fob 49, 1894 are invited WIZ" e
least possible delay. 10 signify their approval o' us -
~ producing their existing receipts at one OF our oces IN
=. -, y. may stamp such approval thereon. Under
e terms Of tho plan the Managers have the rsh' "he"
i any time hereafter In their discretion they may exercise
:, exclude from the plan any holders OK hueh iee'P
hau not conform to present their receipts
FOR stamping. as expressly asserting 10 'he pam
,., a, N. ssree,n, and ror CT reorganization ARE
NOW re,sv FOR distribution and al security holders are IN
,,.d 10 obtain them NJ depostors are p'u'
thereby They oct forth detail many features which arc
4 much Importance to security holders
We hclev. that the prompt contamination OF tho pan
~ -c., IN the best Interests Of all security holders ard
will place this property on sound and conservative
basiA
AIRY further Information connected with the rcogar'za-
ton when may desired by necury holiers' WI" De
furnished ca apple alton ct any OF our onhoes'
,-,,.. ., -, ,o,s, issued b. the following Companies
arc ,.ouc.,.a u, communicate with M-ssrs j. r. Morgan
4 CO. New YORK. with the Dcutsche Bank berh' CIV
rg N. amount, q heir hoiEs and stating whether held
In bonds OF certificates Of deposit
Central Washington Ralroad Compan'
Coeir d Aiene 4 way and Navigation company.
Duluth and Manitoba Railroad COMPANY
Ci.nneso,a Dyision)
Duluth and Manitoba Railroad Company
Dakota Dv,sion)
Helena ana Red Mountain Railroad Company
James River Valley Railroad Company
Northern Pacific and Montana r. Il. Company
Northern Pacific and Manitoba way Company terminal
bonds
seatuc Lake Shore and Eastern II. n Company
Spokane and PaIouse Railway Company.
In order 20 deal cqrtaby with the holders Of these
Branch Bonds It deemed nsce'aary TO consider eaeh case
separately and upon It's own individual merits
After hearing from Of each class OF
these bondhodcr will be taken to arrive At some
fair basis adjustment for which General Lien Per
cent Bonds and Preferred Stock Trust Certificates
have been reserved under this Plan