New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-05
financial.
Reorganization
OF THE
Norfolk & Western Railroad
Company System

J
To Holders of the following bonds and
stOckst
NORFOLK & WESTERN r.. n. co.
Adjustment Mortgage per cent. Bonds.
1OO-year Mortgage Bonds,
Maryland Il Washington Division Bonds.
Clinch Valley Dfvisfon Bonds.
Equipment Mortgage Bonds of 1883.
Five per cent. Debentures of 1902
Preferred stock.
Common stock.
ROANOKE & SOUTHERN RY. co.
First Mortgage Bonds.
Stock.
LYNCHBURG DURHAM n. II. co.
First Mortgage Bonds,
Stock.
Plan Of Reorganization has been prepared by the
undersigned New-York Executive Reorganization Com
mit'ee in cooperation with the London and Amsterdam
Committees. and the undersigned Committee has under
taken to act in carrying this Plan into effect.
Copies Of the Plan be had upon application TO tho
MERCANTILE TRUST COMPANY. at Its Office. No.
40 broadway. NewYork and said Trust Company will
act deposary OF all Deposits will be
ceived and after APRIL 9TH. 1896. and all holders
OF the bonds and stocks above mentioned hereby
notified to deposit the later than APRIL 30TII
The Plan provides for creation OF the following
securities:
ta) $C2 100000 First Consolidated Mortgage Four Per
Cent Gold Bonds OF which s23 800 SIS will be used to
provide for the above mentioned disturbed bonds $50
$50 will be reserved for the purpose OF taking UP or
paying the undisurbed bonds OF the Norfolk Western
Railroad Company. and the balance for Improvements
and acquisitions and other Of the
company.
(b) s23.oOo.oOo Four Per Cent Non-Cumulatve Ad-
justmen Preferred Stock all OF which will be distributed
among the holders OF the above mentioned disturbed
bonds in the Plan
tc) S66 100000 OF Common Stock.
The following is the basis OF exchange OF the disturbed
bonds:
LIST Cons. Adj. Pref.
Mtge. Bonds stock.
1OO-year Mortgage Bonds. G2,4es 1870
Maryland & Washington DIV.
bonds Observation-Disclosures. 7Oo O7np
Clfnch Valley Division Bonds 500 100
Equipment Mortgage Bonds
or ISSS .............. .1OVo 1870
Five Per Cent Debcntures Of
1SO2 Observation-Disclosures. 1909
Roanoke & Southern Ry Co.
bonds ....................... $50 $50
LynchburR Il Durham II. II.
Co. Bonds Observation-Disclosures. $50 $50
The Norfolk & Western r.. r. Co., Adjustment Mort
gage Per Cent. Bonds will receive per cent cash.
100 per New First Consolidated Mortgage Bonds
and 20 per In Adjustment Preferred Stock
In addition to the foregoing depostors will receive at
the time Of deposit sum in CASH equal TO three
months interest the First Consolidated Mort
gage Bonds 10 be received by them under the Plan,
which bonds Will bear from October l. 1895.
DEPOsITING STOCKHOLDERS Of the respective
companies Will receive Common Stock in the
pany to the following amounts in consideration Of the
per share deposited. VIZ:
Norfolk & West. X. II. Co. Pref. Stock,
to receive 1124ce.
Norfolk West II. Il. Com. Stock.
to receive 1850.
Roanoke d south. Ry. Co. Stock.
to receive 75T.
LynchburG & Durham X. II. Co. Stock
to receive 1870.
We believe that prompt deposits Of the securities will
be for the best interests OF all concerned.
ANY further Information In connection with the
organization may be obtained upon application the
Secretary.
LOUIS FITZGERALD, Chairman.
j. KENNEDY TOD,
GEORGE COPPELL.
A. A. II. BDISSEVAIN,
ROBERT FLEMING
G.. SLIGO DE POTHONIER.
II. r. Il. HIBRECHT
New-YOrk Executive Reorganization
Committee.
". F.. GLYN Secretary.
Is Wall Street. " Y.
SEWARD. GUTHRIE MORAwETz & STEELE.
Counsel