New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-06-10
THE WHEELING AN0 LAKE ER|I
RAILWAY COMPANY.
REORGANIZATION.

Jnb6uVU WIFI
REORGANIZATION.
To Holders Of Bonds and Stock Of The Wheeling ~
| Lake Erie Railway Company. and to the Holders
| Certificates OF Deposit representing the
The Plan Reorganization provides for tho treclosu>
and Of the property NJ Tn" Wheeling and Lake Ere
Railway Company under the Consolidated Mortgage data
July = 1902 and the thereof new COM
pany.
The three Divisional First Mortgages made by sam
Wheeling and Lake Erie RAILWAY Company. viz ne
First Mortgage LAKE Erie Division dated July l. 1851
the First Mortgage Wheeling Division dated Apru o.
1855 and the Extension and Impro First Mor,xase
dated 20 1889 will left unisturbed as .,
principal and interest unless refunded By agreement
with the Bondholdere as provided by the Plan
Holders OF The Mercantile Trust Companys Certificate
OF Deposit representing Consolidated Per Morsan
Bonds Of The Wheeling and Lake Erie Railway Compan,
will receive upon completion Of the reorganization an
surrender Of such certificates shares ot First Pre-
ferred Non-cum ula,ive Per Cent. stock u the nes
Company an equal par the par value of
the bonds by said certificates respectively ana
also equal the bonds a
4 per cent per annum from January T. 1891. July
1905
Holders OF Consolidated Mortgage Bonds ana coupons
who have yet deposited Tho under tire Bond
holders Agreement Of January Is 1897. invited 70
and become parties 70 said Asreeen; and
Plan Reorganization depositing said bonds and
coupons before the 18th day OF july. 1895
said Mercantile Trus, Company. which VIII issue 10
negotiable certificate, Of deposit therefor Bonds
deposited before said DAT. will have no right
interest under said Plan. and will be wholly excluded
therefrom unless admitted 70 participate therein
payment Of such penalty tho Committee in It's dlss-
ton may impose.
OF deposit Issued by The Central
Trust Company Of New York for Preferred or Commoa
Stock Of Tho Wheeling and Lake Erie Railway Company
deposited under the Stockholders Agreement dated Sep
TENDER b. 1897 who shall have made the cash payment
OF 81 share heretofore called FOR By the Sockhoss
Committee may become parties 10 said Plan upon doing
the acts AID making the payments required nv the Psa
and BY this notice; and each Certificate Holder 50 doing
upon payment for each shars OF Preferred Stock repre-
scented by such certificate OF the sum OF $i2 ana sur
render OF such certificates will SIP par value
Second Preferred Stock OF tho Company; and upa
payment for each share Of Common Stock represented
such certificates Of the Of g. and surrender o. sues
certificates will 50 par value in Second Pretefa
OF the Company and 500 par value In Comm
Stock
Tho payments Of sl2 and % respectively are Inclusive
OF payment Of 81 shsrs made or 70 b mAA
pursuant TO the call Of the Stockholders Committee.
Holders OF Central Trust Company certificates OF a.
posit either class upon which the pay uent
81 per share made heretofore required By tie
stockholders Committee desiring 20 become parties
the Plan must present their certificates 10 the Csnrs
Trust Company Of New York. TO be stamped As assencne
70 the Plan In such shall be required BY ~
Reorganization Committee. on or before the 2oh cay o.
which holders
ing Preferred must pay 10 said Central Trust Com
pany 20 tho order OF Reorganization Committee u
OF 81 per share and holders OF csrtncasas
Deposit representing Common Stock must ikswss pv M
further sum OF 81 Per share.
The remainder o, tire b paid BY holdsrs Of ~
Certificates Of Deposit participating In the Plan WIN u
payable tbs Central Trust Company In three nssah
men,s not than thirty days apart; and ~ least TN
no,,os will bs given in advance Of the tina ~
aured for the making OF each payment.
Holders OF said Central Trust companys ostf0esfq
who have made said payment OF 81 PER shArA
heretofore required by the Stockholders COMMITTEES mus
make said paymen, before presenting their eertincato
IA stamped as Aforesaid
Copies Of the plan Of Reorganization b ootA1e@
from the several members OF the Committee. from ~
Mercantlls Trust Company sai Central Trust Onm
pany
Dated New York June g. 1898
LOUIS FITZGERALn
J. KENNEDY TOD,
GEORGE COPPELL. Il
EUGENE DELANo,
WILLIAM A. DICK.
ReOrGa niEauon COMMITTEES
ALVIN " KREcH. Secretary
100 Broadway. New York
IN. Plan Of Reorganization OF TIE wheeling and Ian
Ers Railway Company. above announced has ossa
adopted by Coumttss representative of all cIasss o
Bondholders well Stockholders and we approve a
the sams for the interests represent
New York. June g. 1898.
GEORGE COPPELL
EDWARD n. GIBBS.
FREDERIC CROMWELL
JOEL II ERHARDT,
Committee Of First Mortgage Onkc Erie D1s
vfsfOn) Bondholders,
VICTOR MORAWETZ Counsel.
The Plan OF Reorganization Of Tho wheeling aoo -
Erie Railway Company above announced has been sa0p''
ed by Committee representative OF all classes OK BONO
holders well Stockholders. and We approve OF M
Same for the interests represent
New York. June g. 1898.
brown BROS 4 CO..
Representing Extension and 1mprovemess
First Mortgage BOndholders.