New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-06-01
finanrial.
OREGON IMPROVEMENT
Reorganization.
HDSTD<

(
To HoIder. of Certificates OF Deposit rep
rcsenting bonds or stock of the oreso" I'M
prOycmrnt Company deposited WIN 'e
MANHATTAN TRJsT COMPANY. New-iorN'
or the OLD COLONY Trust COMPANY. Dos
ton. under n preliminary agreement dated
October -. 1895. between such holders ana
the undersigned Committee. and TO
holders OF First Mortgage bonds.
Consolidated Mortgage Bonds,
Preferred StOr... and
Common stOcI
of the Oregon Improvement Company.
Tho undersigned. who appointed Committee for
the purpose have perfected plan f.: tho reorganization
Of the Oregon Improvement Company. which has been ac-
copied by the holders OF large amount Of all classes of
bonds and stock
Copies Of said rar be obtained on application to
the MANHATTAN Trust COMPANY, No. 10 Wall street,
New-York CITY. the OLD COLONY TRUST COM
rANY. Ames nulding Boston with each OF which Com
panes Is dcc duplicate Agreement Of Reorganzation)
Will be mailed any holder O; bonds stock sending
his address to either Of said Trus; Companies.
This plan provides for the Issue of the fol-
lowing new securities:
1. First mortgage 10 1o-ycar gold
bonds .................... So,OOO,ooo
:: Four per cent. nOr-cnmuiative
preferred stock. ................... o.cOo,O0o
3. Common stock Observation-Disclosures. 100000
by the terms Of tn Plan
Firs mortgage bondholdcrs receive in cash amount
equal TO the coupons bonds maturing June 1896
10 w.t. $50 bond and 10 per cent Of the principal
Of suc bonds In five per bonds bearing interest
from Jure /. 1896
Tn. mortgage bono, rot side for the pres
ent hrss are to he Issued than the rate
Of tW0o value OF bonds per annum and only for the
purchase Of new steamships AMI other needed property,
which is to be added the security for such bonds.
Holders Of consolidated Mortgage bonds who pay 1874
cent 81 the principal thereof Wiz; 1928 bond.
in five equal instruments. accordance with the Plan.
receive 62, cent Of the principal OF such bonds in
preferred stock. and II per thereof
stock.
Holders Of preferred stock pay i2k per OF the
thereof to WI. $i25o per share five equal install
nents In accordance With the Plan C2z per
par preferred stock and Is per OF par in
stock.
Holders Of common stock who 10 per cent. Of the
par thereof wit so per share In four equal install
menrs a. provided Plan 10 per 81 par
preferred stock AMI 80 per OF par in new
common stock
First mortgage bonds should be deposited,
or IL nIrcnd, deposited under said prcIimi-
nary agreement Of October X 1895, the GER
tincatcs held therefor should be exchanged
for reorganization receipts or certificates,
II Of snid Trust Companies. on OR BE-
FORE july I. tS0G On making such deposit
exchange the holders will receive in cash
amount cuunI to the Interest coupons
thereon maturing June I. 1s0G. to wit. $50
per bond.
Consolidated mortgage bonds and preferred and
stock should be- deposited II already deposited under
said preliminary agreement. the certificates
the sane should exchanged reorgariz receipts
or ccr,incaics Of said Truss COMPANIES on OR
BEFORE III Ll I. tSDG
JOHN I. WATERBURY,, y Y.
T.. JEFFERSON COOLIDGE. .Jr..
T.. ROLLINS MORSE. Boston.
EDWIN = HOOLEY. New York
III LES y. BtciIE. Nea Yorc.
SIMPSON TEACHER HARNrI Council. 10 Wall St..
New YORK