The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-07-03
Baltimore Belt Railroad COmpanV
issued under bondholders' agreement
dated November list, 1897

issued under bOndho1derS' agreement
dated November list, 1887.
Referring to our circular dated London, June 81
1923 we now beg to notify you that pursuant 10
the arrangement therein stated The Baltimore and
Ohio Railroad Company has now elected to exercise
the option thereby granted to 1t to purchase the lie
posted bonds at par and accrued interest on Sep
TENDER LIST, 1899.
We have obtained from Tho Baltimore and Ohio
Railroad Company authority to offer to such OF the
holders of certificates Of deposit for the above
bonds as shall accept tho same ON or prior TO July
20, 1892, to give in exchange for their bonds new
First Mortgage Four Per Cent. Tifty.Year Gold
Bonds Of The Baltimore and Ohio Railroad Company
bond for bond. carrying all coupons maturing on
and after october 1902 the overdue interest upon
your old bonds being paid III cash, as hereinafter
more particularly stated. Holders of our certificates
who desire 10 accept this Offer " the ailroad Iom.
pany must signify their acceptance in writing on or
before JULY 20, 1870, and we will thereupon eS.
change the original bonds for the Baltimore and
Ohio Railroad Company First Mortgage Four Per
Cent Bonds and will deliver the same, together
with tho interest to be paid IN cash. upon the
render Of our certificate OF deposit therefor.
Unless before the goth day OF July 1902.
We shall receive from you written acceptance Of
this offer We will carry out the original agreement
and will sell your bonds Of the baltimore Belt Rail
road Company at par and interest and will pay
to you the amount so received on surrender of our
certificate of deposit for your bonds.
In you accept the offer to exchange. the holder
Of each certificate for deposited bond will be en-.
titled TO receive from us On and after August l..
1892 one First Mortgage Four PEI Cent Fifty Year
Gold Bond Of Tho Baltimore and Ohio Railroad
Company. with coupons attached maturing and
after October /. 1899. and In cash the amount of
overdue interest upon said bonds at ave per cent UP
to July l. 1898, with interest at the of vo per
cent. per annum on said overdue interest from tho
respective dates of maturity OF the installments
thereof up to August /. 1880; also the amount Of
interest in cash at four per cent. per annum upon
said bonds from July I. 1898, to April 800, from
which date the now bonds bear interest with interest
at four per cent upon the overdue installments up
to August !. 1899.
In case you do not elect to exchange your bonds,
but elect to sell the for cash, you will receive
for the principal Of said bond one thousand dollars
in Cash and you will also receive in cash the over
due interest said bond up to July l. 1923 at the
ratio of Ave per cent. per annun. together with in
teres upon said overdue interest at the rate OF Ave
per cent per annrm from the respective dates Of
maturity of the iustal!Tcna thereof mp to Septem.
Der 1892 and also in cash interest at the rate OF
four per cent. por annum upon said bond from July
]. 1898. to September 1. 1929, with interest upon
such overdue instalments at four per cent to Sep.
TENDER l. lsS?
Tho Baltimore and Ohio Railroad Company also
offers to such holders as prefer TO sell their bonds
for cash to anticipate the cash payment therefor
and to make tho same at any time after Angus,
+ 1892 interest being adjusted to tho date OF pur
chase instead Of September !. 1920. when tho sixty
days notice required would expire. Holders deslr-
ing 10 accep. such payment in cash prior to septem
Der !. 1899. will please notify us accordingly.
We earnestly request prompt reply.
London Jun+ 80, 1925.