New-York tribune., 1896-06-06
OREGON IMPROVEMENT
Reorganization.

HEM1SXoRK' H6syoX May Goth. 1890.
To Holders of Certificates Of Deposit rep
rescntinx bonds or stool, of the Oregon I'M
provemcnt Company deposited with the
MAnHATTAN TRUST COMPANY, New-forH'
or the OLD COLONY TRUST COMPANY bos-
ton, under preliminary agreement dated
October y. 1908. between such holders ana
the undersigned Committee. md to
Holders of First Mortgage bonds,
Consolidated Mortgage Bonds'
Preferred stock. md
Common stock
of the Oregon Improvement Company.
The undersigned who were appointed Committee Tor
the purpose have perfected plan for the reorganization
Of the oregon Improvement Company which has been &C
copied by the hodcs Of large amount Of all classes OF
bonds and stock
Copies Of said par may be obtained on application to
the MANHATTAN TRUST COMPANY. No. 10 Wall Street.
New York city. the OLD COLONY TRUST COM
PtNY. Amcs building Boston with each OF which Com
ranies lodged duplicate Agreement Of Reorganizaon
Will be mailed holder Of bonds stock sending
his address 70 either of said Trust Companies.
This plan provides for the issue Of the fol-
lowing new accuriticsi
1. First mortgage 80 5O-yenr gold
bonds .................. .SoOOO,OO
- Four per cent nOn-cumuiafivc
preferred stock. ................... 0ooO.ooO
3. Common stock k..................... O,OOO,WO
By tie of the Plan
First mortgage bondholdcrs receive in cash
equal the coupons such bonds maturing June l. 1s09
to VII; $40 per bond and 10 per Of the principal
of bonds live per bonds. bearing Interest
frl Juno l. 1898
The nst bonds no, set asdc for the
lie issued than the rate
OF 900 value of bonds annum. and only for the
purchase Of Steamships and other needed property
which Is to be added to the security for ssch bonds
Holders Of consolidated mortgage bonds who pay l2
per II the principal thereof wit. sl25 bend
equal nstalmcris. in accordance with the Plan
62s per OF the principal ~ such bonds in
preferred stock. and IS per thereof in com
stock
preferred stock who pay i2s OF the
par wit si2 ~ per nve equal insfa
mens accordance with the Plan. receive C:H cent,
par preferred and 7; cent OF par In
stock.
Iolicr stock who pay 10 per cent. OF the
pa- rers1f to VIII so per share In four equal install
meats provided In tho Pan receive 10 per cent OF par
rev preferred % per Of par in new
rrimHn s'u,a
First mortgage bonds should he deposited.
,r ~ already deposited under said prciiml-
nnry agreement of October = 1s05, the Ger
incnt~~ held therefor should he exchanged
for reorganization receipt, or certifirntcs.
at of snid Trust Companies. ON OR BE-
FORE JiLN 1. 1sDG On making such deposit
exchange the hoidcrs Will receive In cnsh
amount equal to the interest coupons
thereon maturing June I. fSDU. to w.t. $50
per bond.
Consolidated bonds and preferred and
stock should be deposited or already d-pogited under
rnid preliminary agreement the certificates representing
should hc exchanged for reorganization receipts
o- eerur-aic. a, ono Of said Tru-s Companies on OR
BEFORE July I. 1890
JOHN Z. WATERBURY,. y Y.
T. JEFFERSON COOLIDGE. Jr..
T.. ROLLINS MORSE. Bostor
EDWIN y uOOLEY. X-w-York
JULES =. DACHE, S-w-York.
siMrSoS. THAcHER a BAnNt'N. C.unsel. ~ Wall ST..
Nc. iorS.