New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-18

New-York philadelphia and Berlin
March 49, 1896.
Pursuant TO the announcement OF the continues "
which Mr. Edward D. Adams and Mr.. Brayton IVES IT,
spectyeiy Chairmen a plan has peeh prepare
INDEPENDENT REORGANIZATION Of the Northern
p.c,ec parosa system on basin OF fair treatment TO all
Of security holders and Of fixed charges on the
reorgani,ed property reduced to an amount oe'eveu "
we'll within Its demonstrated earning capacity ih' pan
has ha.n prepored 10y the REORGANIZATION Committee with
our ,n, approyal and cooperation and In conformity
with m with the Commuters WV ""'e '"''
taken TO act In carrying II into effect
In addition the Committees above Named 'ne p
also has approval Of the representatives. OF
ajory Of each Issue OF the mortgage oohus "po" ~
the reorganization Is based.
Tho conversion OF the First Mortgage bonds
upon the forth In the Plan Is recommended p
Messr- j. r. Morgan CO.. August Belmont CO.. ana
winsow Tanier CO.. who originally Issued those ponds
n. well as by the German Committee OF General First Mort
gage Bondhoders
All holders Of the above-iescrbed bonds. notes. and
stocks notified To deposit the same as required ny sal"
plan
Securities deposited will not be entitled to par
,lcipate In the benefits OF the reorganization.
Holder. q receipts of the Mercantile Trust Company ~
New York for Bonds deposited under the existing BOND
holders Agreement Feb. 10 1904 are Invited with the
least possible delay. signify their approval OF this plan
hy producing their existing receipts at one OF our Offices IN
order stamp such approval thereon Under
the the plan the Managers have the right "hch
a, any time hereafter their discretion they may exercise
- exclude from the plan holders - such receipts who
shall M, conform request present their receipts
for stamping ms expressly asserting to the plan
Copies ~ the nsreenen, plan Of reorganization are
now ready for distribution holders in
yi,.d 20 obtain all deposors are bound
thereby They set forth In mani features which
Of much importance TO security holders
We believe that the prompt contamination OF the plan
will result 81 nil security holders and
place this vast property on sound and conservative
basis
Any further Information with the reorsan'sa-
ton which may TO desired by security holders. will be
furnished application at any Of our offices
Holders 81 the issued by tho following Companies
are requested to communicate with Messrs p Morgan
Co N.w-Yofk or with the Dcutsche Rank Berlin CIV
Ing holdings and stating whether held
in bonds or certificates Of deposit
Central Washington Railroad Company.
Occur d Alsne r. way and Navigation Company
Duluth and Manitoba Railroad Company
minnesota Divsion)
Duluth and Manitoba Railroad Company
dakota DivsIon)
Ielcna md Red Mountain Railroad Company.
James River Valley Railroad Company.
Northern Pacific and Montana II. H. Company.
Northern Pacific and Manitoba X way Company terminal
bonds
Seattle Lake Shore and Eastern II. n. Company.
Spokane and Paouse Railway Company.
In order 70 deal equ,aby with the holders OF these
Bonds Is deemed 10 consider each case
separately and upon It's individual merits.
After hearing large proportion OF each class OF
these hondhoders steps will be taken to arrive at
fair basis Of adjustment FOR which General Lien Per
Cent Bonds and new Preferred Certificates
been reserved under this Plan.