New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-23

Sew-York philadelphia and Berlin
March 10. 1895.
Pursuant 10 the announcement OF 'he No'n'"'''''' "
uh,cs Mr. Edward D. Adams and Mr. Drayon Ives re-
.,.,,. NO cro,rnen a pnn has been prepared FOR an
rxDEpTNpENT REORGANIZATION Of the Sor'nern
Pncinc Railroad System basis OF fair ren'"e" ~ ~
classes % security holders and OF hHed chhrses o"
,o.,i,, r,opery reduced to amount believed to be
x,u within i,s demonstrated earning capacity ihs p'''
has been prepared by the Reorganization committee WIN
our ,on, atproval and cooperation: and In conformity
with an arrangement with the Committees we nave ''
taken 10 act In carrying II into effect
In addition Committees above Named ,he pan
also has received approval OF the representatives on
majority u each issue Of mortgage bonds upon when
the reorganization IL bnsri
The conversion OF the General First Mortgage bonds
upon the forth in the Plan Is reconimenued o
M,.,r. J. T. Morgan & CO.. August Belmont Co.. ana
v.,,.ov Iaui.r Co. who originally issued those bonds
we'll as by the German Committee OF General First Mort
gage Bondhoiers.
All holder, Of tn, abov.-descrbed bonds. notes ana
49,. a., ,o,,o.d 10 d.post the same required by said
s,rrt,,.. no, 80 deposited will no, bc entitled to par
ticipste In tho benefits OF the reorgan'zatio''
,,,-. =, ,.o.,,. Of the Mercantile Company of
S.vyork FOR Bonds deposited under the existing Bona
boders Agreement Of Feb 49, 1894. are Invited WIN h
least possible delay to signfy their approval OF s pup
nv PRODUCING their existing receipts at Of our Offices IN
the term, OF ,he plan Managers have the right wrch
n, any time hereafter in their discretion they may exercise
70 exclude :he plan any holders OF such rece'ps VINO
.hsu not conform 10 present he7 receipts
Tor stamping. c=Ircssiy e"s"ntrg to the plan
ro. 81 the and pier CT reorganization are
now ready rr ds'hbon md nj security holders are IN
yi,ed 20 obtain from az depo-ors are bound
thereby They form IN detail many features when are
q much imp or,nnce TO security hoiders
". believe tina, the prompt contamination Of the plan
will result, u, the Of all security holders ana
will place this property sound and conservative
basis
Any further information connected with the reoganza-
ton yhcr may TO by security holders. Will be
furnished on application at any q our Offices
olserr ~ N. bonds issued By the following Companies
ar. requested 20 communicate with Mes,rs. j. p. Morgan
Co. Ncw.Y York o- with the Deutsche Bank Berlin. CIV
Ing their holdings and stating whether held
In bonds certificates u deposit
Central Washington Railroad Company.
Occur Alenc X way md Navigation Com,ac
Duluth and Manitoba Railroad Company
Minneso,a Dv,sionJ
Duluth and Manitoba Railroad Company
Dakota Dvision)
Helen, and Red Mountain Railroad Company
James River Valley Railroad Company.
Northern Pucinc and Montana Il. r. Company.
Northern Pacific and anoba II way Company terminal
bonds.
Seattle. Lake Shore md Eastern r. r. Company.
Spokane and Palou.e Railway Company
In order 20 deal egultab.y with holders OF these
Branch Bonds II Ia deemed necessary to consider each
separately and upon It's individual merits
After hearing a large proportion Of each class Of
these bonihoiders steps Will be taken
fair basis az adjustment. for which General Lien Per
Cent Bonds Preferred stock Trus, Certificates
have been reserved under this Plan.