New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-28
findnndl.
TO THE HOLDERS OF THE
Second Mortgage 5 Per Cent. Bonds
OF THE
STATEN ISLAND RAPID TRANSIT
RAILROAD COMPANY;

In eo,seouence Of the insolvency 81 the Baltimore snc
Ohio Railroad Company. undersrned have been IN
negotiation Baltimore and Ohio Reorganization
M,rs..r. with A view TO the protection o, the above
bonds
As result the following proposition has bsen obtained
which deem advantageous for your Interests ana
recommend prompt acceptance
tn. baltimore and Ohio Reorganization Managers offer
10 rrorure an agreement, from the Baltimore and ONO
Railroad Company (as Reorganlrsd) to purchase your
bonds at par in cash. in I'VE years and In IN"
.sn tim. to interest thereon ~ four PEI cent
nav ,r,u which be accepted by the holders IN ful
~ such interest In consideration thereof the baltimore
and Ohio Railroad Company las Reorgan!zeb 10 have
N. r,eht to purchase bonds at time within such
A., v.a-s AZ par and interest cash. upon thirty days
.,.. Tns baltimore and Ohio Railroad COMPANY 'ss
R,orranized) further that in case during fsn
s~. years plan for The reorganization OF the staten
island Rapid Trans; Railroad Company shall be Issued
~ II or With ir approval I; will secure for You the
ornon ,nr two such plan IL publicly Issued 70
tax. IN. new securities thereby provided in lieu o. me
cash prise par and interest for your bonds as ABOVE
stated.
IN os.. however the mortgage securing your oond'
should foreclo.ed four cent bonds to the same
amount shall h. created be secured BY mortgage hsV
to- IN. same lien upon tho property. and the agree
r.,. ~ the baltimore and Ohio Railroad Company 'as
p.crasnl,ed shall apply equally to such new bonds
Tn. agreement will become effective unless all me
1o,a. o. such lesser the Baltimore and OHIO
Reorganization Managers shall approve assent the'e'o
ana have their bonds stamped accordingly. Upon me
agreement bscomns operative. the overdue coupons
will be paid in cash az stated below
r-nder vour E,ndholders Agreement Of July ). 1898
I. provided that f. airy time after default IN interest
,h.r. should opportunity considered tsVorane
~ u for Arrangement ana settlement Of the claims upon
IN. deposited bonds coupons. then with the assent 10
ba unauthorized by express approval or by failure WITHIN
four week. 70 express dissent OF the holders OF our Get
Aoates o. deposit representing seventynvs per cent IN
amount Of the deposited bonds We may "AAe '" "
ransem.nt and settlement
settlement and arrangement Of claims which we
deem favorable. We request therefore. your assent
thereto in writing Unless within four weeks from The
date 81 mailing this notice TO you YOU notify US OF your
ds..n ". .hsu presume concusively that have az
serted proposed arrangement and to the stamping
Of your bonds asserting thereto as above " io'h anu
70 IN. taking such our part az we deem hec
ssrv 10 carr the into effect either by declaring inc
-ncnai q. vour bonds du. or by proceedings 10
- instituted FOR the foreclosure OF the mortess. or other
wise as may be advised
Your the bonds issued in lieu thereof vii
accordingly n. % stamped by the holders OF our
certificates Of deposit representing sev.nyhvs PER cent
IN amount OF the deposited bonds. shall assent either IN
writing by failure to notify US OF their dissent ana
the same become operative by the assent az me
requisite. amount OF outstanding bonds as above stated
So soou as the agreement shalt be declared enecuve
tire deposed will be stamped A. The ONCE OF the
Central Trust Company Of New York and returned to me
depo.to-- upon surrender ~ our certificates OF deposit
therefor unless III. securing your bonds shall
be forecosed IN which the new bonds stamped as
above provided will 10 delivered lieu Of the existing
bonds AZ the such delivery Of the existing bonds
or new bonds overdue interest the bonds repre-
sented hv onr OF deposit will be paid In cash.
ct its fsc. value With interest
In case me agreement shall operative the
deposited bonds will be stamped br; will continue
% hold the same under bondhodsrs agreement OF
July O. 1895
All but $50 Of the bonds OF the total issu. OF - BOO
900 have been deposited.
Dated New-York. January eth. 1899.
HALtGARTEN & CO.,
rs BROAD ST. ~ 7.
Representing Staten Island Rapid Transit I'd Mortgage