New-York tribune., 1899-09-01
financial.
Kansas City, Pittsbarg { Gulf
READJUSTMENT.

hEADJUS IW EN !.
TO THE HOLDERS OF BONDS AND STOCK OF
TUE KANSAS CITY. PITTSBURG AND GULF
RAILROAD COMPANY. AND or THE NER-
CtNTILE TRUST COMPANYS CERTIFI-
Gates OF DEPOSIT FOR THE SAME
TIE uniers ened have caused accounts and prop
sr.ies - Kansas city. Pitrshurg and Guf Railroad
cr.ary 10 be examined by competent experts and hav-
ie now duly considered The reports made by these eX-
re announce pursuant - The agreement of March
Il f>sa they have adopted
A KEADJUSTMENT PLAN.
ne ea'er, features of which are follows
nD Formation Of a new company for the acquisition
~ te property q Kansas City Piitshurg and Gut
Railroad company proper.
~ wmit,ee deems u unw'se at this present juno'-
, ., rrovi8e for the inclusion of the Suburban Fet
T. sl properties. basng its opinion upon tfe statement
e.. ..- experts that terminal facilities at Kansas CITY
can ta rad at greatly reduced cost PER annu'n a"i
ur,- the fact the demands of hf holders Of It's
sl-.-.es are such as would impose th" new com
re.y nres charges which It's earnings would not war
r,r,
e. 0 e- aside f1r consideration. has az present
Virtually no earnings although il has already issued
homes N the extent Of 81 63ooo and is works are si
far -l-u completion.
% Issuance hy N. new Company Of the following
securities: oo.oo.
rrs- Len Morsass cent Cod r?nos Fio 900 o'o
4.,s.rent MortssEs four per cent COD Bones
interest non-cunulative until 1908 ..-..... h0OOoW
i1'ieIFea h''lA i'-' '' o. ooo ooo
Common stock ...'''''.
To he spportioned as follows:
=, Aoiers q present First Mortgage Bonds Tor each
500 bond:
$500 m Prior lien per cent bonds.
s....--oa. ,,o-,gsrA 4 rer cent Bonds
seo0 &, preferred stock.
80 J." '"S'' ' ~ ' s,. 49, s,.-. UNIV, ,-e..,t
p, stockholders who pay 10 per snare upon present
cs-,-al stock for each share Of said stock
q 30 IN Adjournment Mortgage per cent Ronds
$40 IN Preferred stock
cs-rL
1000" N 'oi''''" . o.,,,. p, e. ,,o c..o
~ i's plan i0'"- I'
t NoFs. ~. -. .- e. ooo ooo
From sale u Prior Lien per '7''' 34,o ooo
1''"
So 4so ooo
.,..., -, s,s-ar...
"'i.n amount ITO"
, a., -. rr.as,rv.
-,er' WI, W - ssOoooo
-. r,o,ss .............. fO25 900
[--.o, e,(op ........... II 87s opo
~-o- STOCK ..... .............. 2po0no0
,i examination N the rlan recently pronlul gated
,.,,.Aa,-h,s Cor-,tt+e4 taken IN connection with
~.s ~ tso sxrerts above referred to has con
WINGED your Committee mat the I',.'ae Ma lan Is
200 VICE '" ,-,-sr,y cba7ee, which il csnno, earn
Fssarsi .s.a' which may "a. over .-! present @
lr., lrsp,r
Holders OF bonds and STOCK OF 'ne f'aS1' OS - =
DO
.... .e-irss WIN Ms csmrat,ee are invited
deposit them with The MercantIe 4Ius' Col"Pa'Y o
New York On or before OCTOBER 1sT. 1SO0' subject
. .. .s4...,.,-. arraa.,eD. and the rlan proposed
"' '1-.-'-'
ty t-is commiree
Two pesStl4,~oe,t Plan q your Committee has been
- -. ,..-o.r.ra T-rst co--nsrv from which
'+s-- WIN 'h7 4e' '7
c'r.ts nay be- Obtained
Walkers ~ oa--,fcstes of deposit ot Mercantile
,.a. ~ st,.k who NAV, rot agree
-i.f' Hlait 10Y '''-'S 20 ''-N'' '-
o., ,re Nan u your Committee. may withdraw their
s.-u-,... upon the terms stated therein on or after
srpTr,1RER t,TH. 1890 and until sEPTEM
- t''-iN - - - - - 49,. ~,
l-. ,"a, a.,r p. no1ns ey rs provisions
.. ..,...-r.,. ey-aeroer,
O" " ~ .-.' ' 900
.e2 YORK. august 8lst. les5
rRNST tn AIMANN Chairman
~,,,. ,,,T,crn.rD
J. II HARTMAN,
}. IONhfR NLbS"'
4
GEORGE COPPELL,
" l. BULL.
a. l. GINN
=
a. o. CULVER counsel
.rlrs- " bFFCV Secretary. 120 Broadway
keorganizauon Il
..~,,.r,,. r, ~ pO.r coNspANy
@.N ORLEANS & Wi9-f-i'-' NA4'@i'D|'i ~ " -
T. He Holders II ~, .. ,,o-.. - Second Terminal
fs -ef'' .'i. ~ 80 G~lesns = yVeste-r Railroad