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

To IN. Holders Of Bonds Stock Of The wheeling ano
Lake Erie Railway Company. and to the Holders o'
Certificates OF Deposit representing the same
The Plan of provides for the foreclosure
and sale property OF The Wheeling and Lake h''e
Railway Company under the Consolidated Mortgage date
July l. 1902 and the conveyance thereof to ne" oo'
7any. .
The three Divisional First Mortgages made by sain
Wheeling and Lake Erie Railway Company VIZ ,h-
First Mortgage Lake Eric Divieon) dated July j. iso'
the First Mortgage Wheeling Dvision) dated April IL
1855 and the Extension and Improvement First mortgage
dated December 90 1880. will be left undsturoed as 70
principal and interest unless REFUNDED oy agreement
with the Bondholders. provided by the Plan.
Holders OF The Mercantile Trust Companys Cert'hoa'es
Of Deposit representing Consolidated Per cent mortgage
Bond, OF The wheeling Lake Erie Railway Company
receive upon completion Of the reorganization anu
upon Of such certificates shares OF FIRST IRE
rerred n-Cumulative Per Cent Stock OF the ne"
Company equal at par to the par value OF
tho represented b. said certificates respectively ana
also TO an amount equal interest such bonds al
per cent per annum I. 1897. 10 July l.
1903
Holder, Of Consolidated Mortgage Bonds and coupons
who yet deposited the same under the Bond
holders Agreement, Of January Is 1897 are invited to
parties 70 said Agreement and to the
Plan OF Reorganization. by depos'ing said oonds ana
coupons before the 25th day Of July 1895 with
said Mercantile Trust Company. which Will issue IFS
negotiable Of deposit therefor Bonds not so
deposited before said date will have no right or
under said Plan. and will be wholly excu1ed
there.rom unless admitted 70 participate therein upon
OF such penalty as the committee IN l's uis0'e
ton may impose
Holders OF certificates OF deposit issued BY the Centra
rrus, Company Of New York for Preferred or Common
stock The Wheeling and Lake Erie Railway Company
deposited under Stockholders Agreement dated Sep
,ember 49, 1897 who shall have made the cash pa He'
Of 81 pe share heretofore called for by the Stockndder
Committee may become parties TO said Plan upon do'hs
the ID making the payments required oy the IAN
and by this notice. and each Certificate Holder 50 DONG
upon payment FOR Of Preferred stock repre-
.er,oa nv such certificate Of the OF sl2 and
render OF such certificates will receive sl2 par value ID
Second Preferred Of the Company and upon
payment Tor share 81 Common Stc" represented oy
such certificates Of the Of 80 and surrender Of such
certificates will receive 50 par value in Second Free'red
Stock o, the Company and 500 par value IN 0oi'n
Stock
The payments o, sc and 50 respectively are inclusive
u the first paymen, 81 share made or to Dc maze
pursuant, to the call Of the Stockholders Committee
Holders o. Central Trust Companys eerthoates OF oe
o ,- stack o, either class upon which the payment OF
81 no. share has been made heretofore required ~ the
stockhoaer. Committee desiring 70 become parties 10
tho Plan must present their certificates 70 'ne
Trust Company or New York TO be stamped as asserting
- IN. Plan IN such shall be required oy the
Reorganization Committee on or before the 2''h cay '
July 1895 AZ which time holders * eertlhca'ss represent
Ing Preferred Stock pay 10 aid Central Trust COM
pany order. or the Reorganization Committee 'he
further Of - per share ana nolsfs OF VI
Deposi; Common stock must likewise pay ZIG
further sum 0. 81 per share.
The remainder ot the 70 be paid by holders OF SAID
Csrtncates Deposit participating IN the Plan VIII =
payable 10 tn. Central Trust Company IN three nsa-
n.n,. not les. than thirty days apart, and A. leas, two
will - given in advance Of the time re-
qured ,or the making 81 each payment.
Holder. ~ said Central Trus, companys eertincaes
who hsv. said payment or 81 per share. as
heretofore required by the sockhoders Committee must
keir
be stamped. a Aforesaid.
Copies plan % Reorganization can be obtained
from the several members o, the Committee. from said
Mercantile Trus, Company said Central Trust Com
pany
Dated Nsv YORK.. Jun. G 1898
LOUIS FITZGERALD.