New-York tribune., 1896-03-29

Nev-York Philadelphia and Berlin
March lG. 1896.
Pursuant 10 the announcement OF the Co'n"','e' "a
which Mr. Edward D. Adams and Mr.. Braytoh ives re
spectivey are Charrnen. plan mas peeh prepA'.u ~
rxnrpENDENT REORGANIZATION Of the Nor'hern
o,e railroad sys.ern on a basis OF fair treatment 70 all
classes OF security holders and OF fixed charges On ~
rcorganized property reduced to an amount pe"e " "
well within its demonstrated earning capac'"' i"' - gro,
las been prepared by the Reorganization Commee WIZ.
orr ,on, ennrovsl and co-operaon and. In CONFORMITY
with an arrangement with the Committees we nave u''
taken o in carrying II into ehect.
In addition the Committees ABOVE haneo "' p
u has received the approval Of the representatives OK
majority Of each issue OF the mortgage oono' op ~
the reorganization Is based.
The conversion Of the General First Mor'sase oo".'
uron the forth in the Plan Is Dy
vossrs l. r. Morgan & Co.. August Belmont & Co.. ana
,.,,sov Ian,er Co. who originally issued those bonds
"a well as by the German Committee Of General First Mort
gage BonGhoders.
All holder, OF tn above described bonds notes ana
.r. are notified TO deposit the required by said
plan. ,.,, .. n..
securities deposited will not be entitled 70 par
,icipa,e in the benefits OF the reorganization
Holders Of receipts Of the Mercantile Trust company
,ew-York for Bonds deposited under the EXISTING o"
holders Agreement Of Feb. 49, 1894 are invited WIN '
least possible delay signify their approval OF ' a
m producing their existing receipts at one OF our oces IN
order ,ha, we may stamp such approval thereon Under
the terms Of pan the Managers have the reh WHICH
any time hereafter their discretion they may exercise
excud. from the plan any holders Of such receipts who
,ha not conform request present their receipts
for s,srping us expressly asserting TO the plan
COPIES OF agreement and plo- OF reorganization arc
now ready for distribution and all secury holders are IN
,ed IN obtain them from u.s. al depositors are bound
thereby They forth detail many features "heh are
of much Importance 10 security holders
W. ,eusv. ,ha. IN. prornp, contamination OF the plan
will resu, 20 the best Of all security holders aud
VIII place property on sound and conservative
basis.
Any further Information connected with the reorsanza
ton when may by security holders Will be
furnished on application at any Of our Offices.
Holder, Of the bonds issued by the following Companies
are requested communicate with Messrs j. p Morgan
& Co. New York or with Bank. Berlin. CIV
q their holdings and stating whether heio
in bonds or certificates of deposit:
Central Washington Railroad Corpans
Coeur d Alene X way and Navigation Company.
Duluth and Manitoba Railroad Company
minnesota pivison)
Duluth and Manitoba Railroad Company
Dakota Dlvision.)
Helena and Red Mountain Railroad Company.
James River Valley Railroad Company.
Northern Pacific and Montana r. r. Company.
Northern Pacific and way Company terminal
bonds
Seattle Lake Shore and Eastern r. r. Company.
Spokane and Paouse Railway Company.
In order to deal ecutaby with the holders OF thess
Pra nch Bonds Il consider each case
separately. and upon its own individual merits
After hearing large proportion OF each class Of
bondhoders Will be token to arrive at some
fair basis Of adjustment for which General Lien Per
Cent, Bonds Preferred Stock Trust Certificates
have reserved under this Plan