New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-21

New-York. Philadelphia and Berlin.
March 10, 1896.
Pursuant TO the announcement OF the coin".'ee' VI
which Mr. Edward d. Adams and MI Dray'oh ives re-
specveiy Chairmen plan has been prepared io an
INDEPENDENT REORGANIZATION OK the northern
pacific Railroad system on basis of fair treatment to all
cnsses OF security holders and OF fixed charges on '"e
recognized property reduced to an amount Deneva " ~
well within its demonstrated earning capacity ih's pan
has been prepared by the Reorganization Committee win
our Joint approval and co-operation and In conformity
with arrangement with the Committees we nave unoe'
taken TO act in carrying II into effect
addition the two Committees above Named the pan
% has received the approval Of representatives OF
mnjory each ssue Of the mortgage Donds upon WHICH
the reorganization Is based.
The conversion Of the General First Mortgage bonds
upon the forth in the Plan is recommended by
Me.srs j. F. Morgan Co.. August Belmont & Co.. and
Wn.ow Ianier Co. who originally Issued those pohds'
a. well as by the Committee Of General First Mort
gage Bondhoiiers
All holder. Of IN, above-described bonds notes and
stocks notified to deposit the same as required by sa
plan.
Securities deposited will not be entitled 10 par
,icipa,e In the benefits Of the reorganization
Holders of receipts Of Mercantile Trust Company OF
New York FOR Bonds deposited under the existing Bond
holders Agreement Feb. 10. 1894 invited with the
eas, posIe delay signify their approval Of this plan
by producing their existing receipts at one OF our Offices IN
order that stamp such approval thereon onder
the pan the Managers have the right which
NJ any In their discretion they may exercise
70 exclude from plan holders OF such receipts who
shall not conform the request present their receipts
for stamping. expressly asserting to the plan
Copies Of the agreement plan Of reorganization are
now ready for distribution and all security holders In
obtain them from all depostors are bound
thereby. They forth in detail features which
OF much Importance security holders.
We believe that the prompt contamination OF the plan
will result to the OF all security holders and
will place this property sound and conservative
basis.
Any further information connected with the reorganza
ton whicr may by security holders will be
furnished application at any Of our Offices.
Holders Of the bonds following Companies
nre requested TO communicate p. Morgan
g. CO. New-York or with the Deutsche Bank. Berlin. CIV
Ing OF their holdings and stating whether held
In bonds or certificates OF deposit:
Central Washington Railroad Company.
Occur a Alene away and Navigation Company.
Duluth and Manitoba Railroad Company
minnesota Division)
Duluth and Manitoba Railroad Company
Dakota Divison)
Helena and Red Mountain Railroad Company.
James River Valley Railroad Company.
Northern Pacific and Montana r. r. Company.
Northern Pacific Manitoba way Company terminal
bonds
Seattle. Lake Shore and Eastern Il. r. Company.
Spokane and Paouse Railway Company.
In order to deal equtaby with the holders OF these
Branch Bonds Is deemed necessary
sapara teIy and upon Its individual merits.
hearing from large proportion class Of
these bondhoders steps Will be taken to arrive
fair basis OF adjustment for which General Lien
Bonds and Preferred Stock Trust Certificates
have been reserved under this Plan