New-York tribune., 1896-04-01

Ncw-York Philadelphia and Berlin.
March lG. 1896
Pursuant n announcement OF the Committees o'
which Mr. Edward D. Adams and Mr. Brayton Ives re-
s,.cv.v are chalrmen a plan bcel prepared for an
INDEPENDENT APPROXIMATION OF the Northern
Pacific Railroad System basis OF fair treatment 10 al
classes Of security holders and OF fixed charges on e
property reduced 70 an amount believed 70 DO
well within It's demonstrated earning capacity Ih's piah
has been prepared By the REORGANIZATION Committee WIN
our join, approval and co-operaton and IN cohto'"h"
with IN arrangement with the Committees we nave uueF
taken 20 act In carrying 1t into effect
In addition the two Committees above named the pIa"
has approval OF the representatives OF
majority Of each Of the mortgage bonds upon which
the reorganization Is based
tn. conversion OF the General First Mortgage bonds
upon the terms forth In the Plan recommended by
M.-srs J. p Morgan Co. August Belmont q CO.. ana
wnsiow Lanier Co. who originally issued those oohds
NJ well as by the Committee Of General First Mort
gage Dondholders
All holder, OF tn, above-described bonds notes. and
stocks depos, the same as required by said
plan
s.curie. no. deposited will not be entitled 70 par
tcipats In the benefits Of the reorganization.
Holder, Of r.cept. of the Mercantile Trust Company Of
Ne~Yorx for Bonds deposited under the existing Bond
holders Asreemen, Of Feb. TO- 1904. invited with the
least possible delay signify their approval OF this plan
by producing their existing receipts OF our Offices In
order may stamp such approval thereon Under
III. terms Of the plan the Managers have the right which
at any hereafter their discretion they may exects"
exclude from the plan holders OF such receipts VINO
shall not conform request 10 present their receipts
for stamping. as expressly asserting to the plan
Copes Of the agreement and ps- Of reorganization are
now rcady disbuton and all security holders are In
vtsd 10 obtain them from all deposors ar, bound
thereby They forth In detail many features when are
Of much importance 10 security holders
We believe that the prompt contamination Of the plan
will result 20 the Of all security holders and
will piae. sound and conservative
ba,ia
Any further information with the reorganiza-
t,cn whcr may desired by security holders will be
furnished application a. any of our Offices
oa.rs 81 the bonds issued by the following Companies
are requested to communicate with Messrs j. p Morgan
Co New York with the Douschc Bank. Berlin CIV
ing the amount Of holdings and stating whether held
In bonds or certificates Of deposit;
Central Washington Railroad compAny.
Coeur 'Alene Il way and Navigation Company.
Duluth and Manitoba Railroad Company
CsfInnesota Divison)
Duluth anl Manitoba Railroad Company
dakota Divison)
Helena and Rcd Mountain Railroad Company.
james River Valley Railroad Company.
Northern Pacin Montana H. X. Company.
Northern Pacific id Manitoba II way Company terminal
bonds
Seattle Lake shore and Eastern H. n. Company.
Spokane and Paouse Railway Company.
In order to equtaby with the holders Of these
Branch Bonds deemed TO consider each case
separately and upon its own individual merits
After hearing from large proportion o. each class OF
bondhoders steps will he tsken 10 arrive at
fair basis of adjustment for which General Lien Per
Cent Bonds and new Preferred Stock Trust Certificates
have been reserved under this Plan.