New-York tribune., 1896-05-30
finanrial.
OREGON IMPROVEMENT
Reorganization.
SGW1ToRK' S6syoT May 2s'h. 1896

S6syoT SGW1ToRK' May 2s'h. 1885,
To Holders Of Certificates of Depos" rsP-
resenting bonds or stock Of the Oregon I'M
provement COmpany deposited with the
MANHATTAN TRUST COMPANY, New-iA'
the OLD COLONY TRUST COMPANi' Dos,
ton. under "a preliminary agreement d"'eo
October =, 1898, between such holders ana
the undersigned Committee, and TO
Holders of First Mortgage Bonds,
Consolidated Mortgage Bonds
Preferred stock, and
Common stock
of the Oregon Improvement Company.
The undersigned. who appointed Committee fer
the purpose have perfected plan reorganization
OF oregon Improvement Company. which has been ac-
cepted by the holders Of large amount OF all classes or
bonds and stock
Copies said Plan may obtained application to
the MANHATTAN TRUST COMPANY, No. 10 Wall Street.
NewYork City, or the OLD COLONY TRUST COM
PANY. Ames Building. Boston with each of which Com
panes lodged duplicate Agreement Of Reorsanzation
will be mailed holder OF bonds or stock sending
his address either OF said Trust Companies.
This plan provides for the Issue OF the fOi-
lowing new securities;
l. First mortgage 80 5O-year gold
bonds ........................ .So'VOVVVV
2. Four per cent. nOn-cumuiatfve
preferred stock. k.................... 0,oOOOVV
3. Common stock. ..................... 0,OOOOOO
BY the terms OF the Plan
First mortgage bondholders receive in cash amount
equal the coupons such bonds maturing June 1885,
wit. $40 per bond and 40 OF the principal
Of such bonds five per bonds bearing interest
from June /. 1896
The mortgage bonds aside the pres
rss be issued greater rate than the rate
Of 100000 par value of bonds per annum and only for the
purchase Of steamships and other needed property
which is to be added the security for such bonds.
Holders OF consolidated mortgage bonds who pay 121.
per OF the principal thereof wit 1925 per bond
in five equal nstalments in accordance with the Plan
receive G2 OF the principal OF such bonds in
preferred stock. and 10 per thereof
stock
preferred stock who pay i2H per
par thereof wit s12 80 per share. in five equal install
mens in accordance with the Plan receive 62i4 per cent
OF par in preferred stock and 10 per cent Of in
stock
Holders Of common stock who pay 10 per cent Of
par thereof w.t. $40 per shaS. in four equal install
provided in the Plan. receive 10 cent. OF
in preferred stock and 30 per cent OF in new
stock.
First mortgage bonds should be deposited
or II already deposited under said prelimi-
nary agreement of October =. 1895, the cer-
tifcatcs held therefor should be exchanged
for reorganization receipts or certificates
ut of said Trust Companies on OR BE-
FORE JULY l. 1896. On making such deposit
or exchange the holders will receive In cash
amount equal to the interest coupons
thereon maturing June 1, 1896, to wit, $50
per bond.
Consolidated bonds and preferred and
should be deposited If already deposited under
said preliminary agreement the certificates representing
should be exchanged for reorganization receipts
certificates OF said Trust Companies on OR
BEFORE JULY I. 1906
JOHN I. WATERBURY,, y. Y,
r. JEFFERSON COOLIDGE, Jr.,
T.. ROLLINS MORSE, Boston,
EDWIN s. HOOLEY. New-York.
JULES s. DACHE, New-York
SIMPSON. THACHER BARNUM. Counsel 10 Wall st.
New-York.