New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-06-08
THE WHEELING ANO LAKE ERIE
RAILWAY COMPANY.
REORGANIZATION
REORGANIZATION.


To tn. Holders OF Bonds and Stock Of The Wheeling and
Lake Erie Railway Company. and 10 the Holders q
Certificates Of Deposit representing the
Reorganization provides foreclosure
and sale Of the property of The Wheeling and Lake Erie
Railway Company under the Consolidated Mortgage da,<
July 7. 1892 and the conveyance thereof
pany.
The three Divisional First Mortgages made By sa!d
Wheeling and lake Erie Railway Company. VIZ. the
First Lake Erie Dvision) dated July l. 1856,
First Mortgage wheeling Division dated Aprr 81
1855 ard the Extension ami Improvement First Mortgage
dated December 20 1889 will left undlsturoed
both principal and interest unless refunded by agreement
with IN. Bondholders as provided by the Plan
Holders OF The Mercantile Trus, Company's Certificates
Deposit representing Per Cent Mortgage
Bonds Of The Wheeling and Lake Erie Railway Company
Will receive. upon completion Of Reorganization and
upon Of certificates shares OF First Pre-
ferred Non-Cumulative 4 Per Cent. Stock II the
Company to amount equal At 70 the value Of
the bonds by said certificates respectively and
also equal TO the interest such bonds a
per cent. per annum from January l. 1897 TO July l
1898
Holders o. Consolidated Mortgag. Bonds and coupons
who have not yet deposited the same under tho Booo
holders Agreement Of January o. 1907. invtsd 70
assent and become parties said Agreement and TO the
Plan Of Reorganization. BY depositlng said bonds AID
coupons before the 18th day OF July. lsss. with
said Mercantile Trus, Company. which will issue ~
negotiable certificates Of deposit therefor Bonds not
deposited on or before said date will have right %
interest under said Plan. ard will be wholly excluded
thsretrom admitted participate theren upoa
payment Of such penalty the Committee In IFS dsos'
t1on may impose
Holders certificates Of deposit the Central
Trust Company Of York for Preferred Comma
stock Of The wheeling Erie Railway Cancsay
deposited under the stockhodes Agreement dated Sep
49, 1891 who she'll have made tho cash paymsns
per called Tor by the etocknotes
Cornmit,e. may parties said Plan upon doins
49, xf,~ 49,
ana by this notice: and Holder doing
for each share Of Preferred Stock repre-
sentcd By certificate OF the OF $l2 ard sur
such certificates will receive SIP par value
Second Stock Of the Company; and upon
payrnen. for share Stock represented ~
certificates OF the sum Of So and surrender OF saeA
certificates receive ST. par value in Second Pre'sTred
Stock Company and 500 par value IN Coumoo
Stock
Tn. payments Of si2 respectively inclusive
Of the nrs payment Of 81 per share made 70 DO rnsas
pursuant TO the cali Of the stockholaers Committee
Holder, Of Central Trust Companys certificates OF "
poslt OF either class. upon which the paynen
81 per SHARE ha. heretofore required oy ts
Stockholders Committee. desiring 10 become parties
the Plan must present certificates TO the Cenusa
Trust Company New York. 10 be stamped as msen'hs
such manner a. shall DO required oy 'ns
Reorganization Committee. on or before the Zo'h cay
July which time holders u cerhcates represent
ing Preferred Stock to said Central Trust COM
pany 10 the order Of the Reorganization Committee me
furhe per share and holders OK certihca'es
pepos, representing Common Stock must likewise pay No
further sum OF 81 per share.
The remainder Of the sums be paid by holders Of sad
Certificates o. Deposit participating the Plan VIII !"
payable to the Central Company in three install
ments thirty DAYS apart. and at least Two
weeks notice Will be given in advance or the time ~
CURED for the making 4 each payment.
Holders OF said central Trust Companys certinoetss
who have no, made said payment Of 81 per sharA -
heretofore required stockhoiers Committee muss
payment before presenting their certificates
be stamped a aforesaid.
Copies plan OF Reorganization can De ootsnss
from members OF the Committee or from saa
Mercantile Trust Company said Central Trust OrD-
pany
Dated New York. June q 1895.
LOUIS FITZGERALD,
J. KENNEDY TOD,
GEORGE COPPELIs
EUGENE DELANO
WILLIAM 4. DICK,
Rcorganisat COMMITTEES
ALVIN W. KRECH Secretary.
100 Broadway New York
The Plan OF Reorganization The wheeling ana Law
Erie Railway Company. above announced mas o'0.
adopted by Committee representative = all classes %
Bondhoider, as well a Stockholders and We appro" p"
the for the interests represent
New York. June 0. 1905
GEORGE COPPELL
EDWARD n. GIBBS.
FREDERIC CROMWELL
JOEL. II. ERHARDT.
Committee Of First Mortgage Unke Erie y"
vtstOnD BOndhOldcrs.
VICTOR MORAWETZ. Counsel.
The Plan Of Reorganization OF The Wheeling ana -
Erie Railway Company above announced. has been a''p
cd by Committee representative OF all classes OF D0n
holders we'll Stockholders. and We approve OF w.
same for the interests represent.
New York. June 9. ls9s.
BROWN BROS. 4 CO..
Representing Extension and Improvement
First Mortgage BOndhoiders.