New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-20

New-York, Philadelphia and Berlin
March 10. 1890.
Pursuant 70 the announcement OF the 'o'''"',' VI
which Mr. Edward ID. Adams and Mr. Braytoh ives re-
spectvey are Chnirmen plan has been prepared o' II"
INDEPENDENT REORGANIZATION OF the "or'"e'n
pacific Railroad system on basis OF fair treatment 10 all
classes OF security holders. and OF liked chatseS On ''
r.orraniyed property reduced 20 an amount o'"eH' " "
we'll within It's demonstrated earning capacity ms phn
In, been prepared by the REORGANIZATION COMMITTEES WIN
our Joint approval and cooperation: and IN cohorS
with an arrangement with the Committees. we have under
taken % act carrying II into effect
In addition Committees above Named the pun
also has received the approval OF the representatives OF
majority Of each Issue OF the mortgage pohos opo "~
the reorganization Is based
The conversion Of the General First Mortgage bonds
uron the terms forth In the Plan is recommended by
Messrs J. p Morgan & Co.. Angus, Belmont Co.. and
Window IAn,er CO.. who originally issued those bonds
a. well a. by the German Committee Of General First Mort
gage Bondholders
All holder. OF tn, abovc-iescrbcd bonds. notes and
stocks are notified deposit the ms required by SAID
s.cure. not go deposited will not be entitled to par
,lcipaie the benefits of the reorganization.
Holder. OF receipts Of the Mercantile Trust Company OF
S.xyork far Bonds deposited under the existing Bond
holders Agreement of Feb 3D. 1894 are Invited win inc
least possible delay signify their approval OF this plan
by their existing receipts at one OF our ofces IN
grtf
tn. pan the Managers have the right which
at any time hereafter In their discretion they may exercise
n exclude from the plan any holders Of such receipts VINO
.hs not conform request their receipts
for stamping. rs expressly asserting TO the plan
Copies OF the agreement and plan Of reorganization nrs
now ready for distribution all security holders In
v,,ed 10 obtain them from all derosors are bound
thereby They forth detail features which are
" much importance 20 security holders
We believe that me prompt contamination OF the plan
will result 10 the hes, Of all security holders and
will place this property sound and conservative
basis
Any turtle, Information connected with the rcorganiza-
ton which may desired by security holders. will be
furnished application at any Of our offices
Holders 81 the bonds Issued by the following Companies
ARE requested comnunicat, with Messrs j. p Morgan
CO. New.York or with the Deuische Bank Berlin Civ
Ing the heF hoiings and stating whether held
In bonds or certificates % deposit:
Central Washington Railroad Company
Occur dAlene u way and Navigation Company
Duluth and Manitoba Railroad Company
minnesota Division)
Duluth and Manitoba Railroad Company
Dakota Dvision)
Helena and Red Mountain Railroad Company
james River Valley Railroad Company.
Northern Pacific and Montana r. II. Company.
Northern Pacific and Manitoba Rway Company terminal
bonds.
Seattle Lake Shore and Eastern r. r. Company
Spokane and Paiouse Railway Company.
In order 10 deal equtabiy with the hoderr Of these
Branch Bonds It is necessary consider each
separately. and upon Its own individual merits
After hearing from large proportion OF each class Of
bondhoiders steps will be taken arrive
fair basis OF adjustment for which General Lien Per
Cent Bonds and new Preferred Stock Certificates
have been reserved under this Plan