New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-06-03
financial.
OREGON IMPROVEMENT
Reorganization.

HET1IoRk' May goth. 1896.
To Holders Of Certificates of Deposit rep
resenting bonds or stock of the Oregon I'M
proyemcnt Company deposited with the
MANHATTAN TRUST COMPANY, New
or the OLD COLONY TRUST COMPANf' DUE
tom under n preliminary agreement ""
October X. 1898. between such holders mn"
the undersigned Committee. and to
Holders of First Mortgage bonds,
Consolidated Mortgage Donds'
Preferred stock, and
Common stock
of the Oregon Improvement Company.
The undersigned. who appointed Committee ior
the purpose perfected plan for the reorganization
Of Oregon Company. which has been &C
cepted by holders large amount OF all classes OF
bonds and stock
Copies OF said Plsr may be obtained application to
the MANHATTAN TRUST COMPANY, No. 10 Wall street
New-York City, the OLD COLONY TRUST CoM-
PANY Ames Building Boston with each OF which Com-
panic. Is lodged duplicate Agreement OF Reorganization
will mailed holder Of bonds or STOCK sehas
his address 10 either Of said Trust Companies
This plan provides for the issue Of tho foi-
lowing new securitfesi
l.. First mortgage 80 5O-year gold
bonds ..................'. .To"""'"'"
g. Four per cent. nOn-cumuIntiVe
preferred stock. .................. oVoo'oW
B. Common stock. ................... O'VOV'VVo
b. OF the Plan
First mortgage bondholders receive In cash an amount
equal to the coupons such bonds maturing June $500
to wit $50 per bond and 10 per cent. Of the principal
OF such bonds in Ave per cent bonds bearing interest
from I. 1890.
mortgage bonds not set aside for the pres
lie issued rate than the rate
OF 100000 par per and only for the
purchase steamships and other needed property
which is to be added 10 security for such bonds
Holders OF consolidated mortgage bonds who pay IN
per principal thereof wit. si2o per bond
in Eve equal Instruments in accordance with the Plan
| an of
preferred stock and 70 cent thereof In new com
stock
Holders preferred stock who l2. per cent OF the
par thereof wit sl25O per share in Ave equal install
ments in accordance with the Plan. receive 62 per cent
OF par in preferred and IS cent OF par In
new common stock
Holders Of stock who pay 10 per cent OF the
par thereof wit $40 per in four equal install
mens provided in the Plan receive 10 per cent OF par
preferred stock and 20 per cent OF par in new
| stock.
First mortgage bonds should be deposited
| or IL already deposited under snid preifmf-
| nary agreement OF October =. 1885, the GER
| dictates held therefor should he exchanged
| for reorganization receipts or certificates,
| Mt Of snid Trust Companies, ON OR BE-
FORE JULY l. 1890 On making such deposit
| or exchange the holders will receive In cash
| an amount equal to the interest coupons
| thereon maturing June l. 1885, to wit, $50
per bond.
Consolidated mortgage bonds and preferred and common
stock should be deposited. already deposited under
said preliminary agreement the certificates representing
the same should exchanged for reorganization receipts
or certificates. at one Of said Trust Companies on OR
| BEFORE JULY I. 1896.
JOHN I. WATERBURY,. " Y.
T. JEFFERSON COOLIDGE. Jr.,
r. ROLLINS MORSE. Boston.
EDWIN 3 HOOLEY. New-York.
JULES 8. DACHE, New-York.
| SIMPSON TEACHER & BARNUM. Counsel. 10 Wall b..
| New-Ycrk