New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-06-02
Tnanriai.
OREGON IMPROVEMENT
Reorganization.

KeOrXdn1ZdtlOH'
H HGSTON May 2oth 1900.
To Holders of Certificates of Deposit rep
resentinR bonds or stock OF the ores""
provement Company deposited VII" '"'
MANHATTAN TRUST COMPANY. New-io'-'
or the OLD COLONY TRUST COMPANY bos-
ton. under n preliminary agreement ""'e'
October =. 1906, between such hoiders """
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 for
the purpose have perfected plan for the reorganization
Oregon Improvement, Company which has been ac
cepted the holders OF all classes OF
bonds and stock
Copies OF said Plar may be obtained on application TO
the MANHATTAN TRUST COMPANY. No 10 Wall Street
New-York City or the OLD COLONY TRUST con-
PANY. Ames Building. Boston with each OF which Com
panes lodged duplicate Agreement of Reorsanizatcn
or will mailed to any holder OF bonds or stock sending
his address either OF said Trust Companies
This plan provides for the issue of the fol-
lowing new securities:
1. First mortgage 80 5O-year gold
bonds ................ .So'VoV'Vto
2. Four per cent. nOn-cumulattve
preferred stock. .................. o'oOO'VW
3. Common stock. .................... 0,oOo,oOO
By the Of the Plan
FIRST mortgage bondholders receive in cash an Amount
equal to coupons bonds maturing June I. 1885,
wit $50 per bond and 10 per cent OF the principal
Of bonds In 1--WE per cent bonds bearing interest
fro June !. 1885
The new FIST mortgage bonds not set pres
issued greater rate than the rate
800 par value OF bonds and only for the
purchase OF steamships and other needed property
which is be added to the security for such bonds
Holders OF consolidated mortgage bonds who pay 12h
~ he princ wit $l2S bond
in Ave equal instruments. In accordance with the Plan
624 per OF the principal OF such bonds In
preferred stock and Is cent thereof in new COM
mon stock.
Holders OF preferred stock who 1924 cent OF the
par thereof wit s125O per share. five equal install
ments accordance with the Plan receive G2s per cent
Of par preferred stock and 10 per cent OF par In
common stock.
Holders Of common stock who pay 10 per cent OF the
par thereof wit $40 per share. in four equal install
ments provided the Plan receive 10 cent OF par
preferred stock and 20 per cent Of par in new
stock.
First mortgage bonds should he deposited,
Or II already deposited under said prelfmf-
nary agreement Of October =. 1905. the GER
tihcntes held therefor should he exchanged
for reorganization receipts or cerffhcates,
mt one Of said Trust Companies. ON Or BE-
FORE July /. 1896. On making such deposit
o exchange the holders will receive in cash
amount equal to the Interest coupons
thereon maturing June I. 1890. TO w.t. $50
per bond.
Consolidated bonds and preferred and common
stock should deposited. II already deposited under
raid preliminary agreement the certificates representing
should be exchanged for reorganization receipts
or certificates at Of said Trurt Companies ON OR
BEFORE JULY !. $500
JOHN I. WATERBt " Y.
r. JEFFERSON COOLIDGE. Jr..
f.. ROLLINS MORSE. Boston.
EDWIN 9. HOOLEY New York.
JULES 8. BACHE. Tsw-York.
SIMPSON. TEACHER BARNuM Counsel. 10 Wall s..
York