New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-05

.1ntere-t on this basis TO begin from July l. 1899
The advance asyregatng SAC heretofore made in cash
TO the holders OF the o will be assumed by the
Reo ganizaton when completed. as VIII also the 40
vance Of s7S 900 made January 81 1897. By the Re
organization enable the Company to pay IN
te-est on underlying bonds together with interest on al
such advaaces) SO that reorganization be carried
out recipients O: this advance will Re relieved from
ell obligations repay the same
A. Each 100 shares Of present Preferred Stock
$3.50 and receive reorganization 20 shares Of new Pre-
ferred and 20 shares OF new Common Stock
n Each 100 shares az present Common Stock pay
$500 and 20 shares % new Com
mon Stock.
The foregoing percentages disturbed bon1s on
the principal only. Unpaid coupons must Dc Deposited
without any allowance therefor
Tho n-A..n, r.-d charge Is about S. 200 COO The
charge the property reorsanizet estimated al
about $3.50 which should be somewhat reduced here
after and the : per cent. bonds maturing az
various from 1900 1910 are extended at lower
rate. OF interest replaced BY the new a. per cent
bonds.
m. net income OF the Company verified By account
ants with VIVA, Is deemed be proper allowance for
depreciation OF equipment and other property. was:
Fiscal year Fiscal Fisca Year Fiscal Year
Ending Ending Ending Ending
June 30. june 80 June 80 June 30.
074s 1882 7727s ss7os77 81 $3.50. sll s.
The earnings Of 1897 abnornAly low owing TO
competition which hoped will not again occur with
The earnings OF current yeatf
10 the present slightly in excess OF those FOR the
correrpordng period Of fiscal Nevertheless
no reorganization can safely be based other than
moderate fixed charge especially low prices FOR soft
coal Cand consequently low rates FOR rs anspor'Aon
are almost certain 70 prevail In future
Tn. axed charge now proposed quite large can
BE- looked upon as reasonably safe in times Of competition
In times Of prosperity earnings should largely ex
coed the Fixed charges and the new PREFERRED STOCK ana
Common Stock should benefit accordingly
So-rvet VIII
,,sh the estlmated cash requirements OF the Plan
Holders Of existing certificates for bones HERETOFORE
deposited with may be incluoec IN this ran
u,,bop, the issue Of new receipts certificates
~ within the period limited therefor such
.xt,upp certificates be produced TO the Re-
organization Managers, and stamped ms AS
sentinR to this Plan. and all such holders
are notified TO present their cerrhcafes mt
ONCE. ,- , .
participation by any other holders Of securities is de-
er, ON the deposit Of such securities with within
the period limited therefor. and will embrace only sc
curities deposited
No securities will be received on deposit unless n
n.sotisbl. form and bonds all unpaid coupons
rNa ,avrsnts py stockholders must be made a. our
Office in two instruments at least thirty Gays apart
when and for by Advertisement In eseh instance
NJ l.as. twice a Tor Two weeks IN two OF 'he oaS
newspapers OF general circulation published in the city
New York 49,. 49,
All payments must BE- rece'pceo Tut I" " ~ ~ -
tihcaes Of Deposit
Failure TO pay any instsiment when and a. payable
Id, sh,ec The deposited and all rights on account
., anv prior payments forfeiture. hereinafter pro-
vided. ., ,- -. ...
All security holders invited TO obtain copies OF ~
NJ, and Agreement Reorganization as all dspoe'ors
- .,,,d thereby without regard 70 this circular Inc
rnr and Agreement sets forth IN detail many FEATURES
- u f. impracticable to c3ndense into ihls circular
,, which are Of much importance 70 security holders
We believe that prompt contamination OF the Plan
-, ,,, % the best Of all security holders and
Any information connected with the HeoHAni@ Ion
60 - he desired by security holders will be furnished
" rr,,cafion AZ our Office.