New-York tribune., 1899-07-17
To the holders of our certihcntes OF aeposi.
for Five Per Cent. First Mortgage Gold
Bonds OF the
Baltimore Belt Railroad Company
trsued under bondhOIdcrs' agreement
dated November 1st, 1897;


dated November 1st, 1879
Referring TO our circular dated London June 22 1898
we now beg notify you that pursuant 10 the arrange
ment therein stated The Baltimore and oho Kairoa'
Conpany has nov exercise the option heeoy
granted It % purchase the deposited oonos at par ""
accrued interest september 1st. 1882
we have obtained The Baltimore and Ohio Ran
road Company authority TO offer to such OF 'he hue
OF our deposit for the above oonds as ~
accept the same prior to July 90 1899 TO give III
exchange for their bonds First Mortgage -Four fer
Cent Ffy-Year Gold Bonds OF The Baltimore ana oh'o
Railroad Company bond for bond carrying all coupon"
maturing on and after October !, 1899 the overdue III
erest upon your old bonds being paid in cash. as hereh
after more particularly stated Holders OF our cercaes
who accept this offer OF the Raiiroaa Oop"'
must signify their acceptance in writing on or oefore
JULY 20. 1890. and we will thereupon eAchahse ''e
original bonds for Baltimore and ONO Haroao
Company First Mortgage Four Per Cent Bonds and VIII
deliver together with the interest 10 De pau IN
cash upon the surrender OF certificate of deposit
therefor
Unless on or before the 2Oth day OF July 1879 we
shall you written acceptance OF ths oier
we will carry out original agreement and VIII sell your
bonds OF the baltimore Belt Railroad Company at and
interest and will pay you the amount 30 received
on certificate OF deposit for your oohos
In case you accept offer to exchange the holder OF
each certificate or deposited bond will be entitled 10
receive from ur on after August l. 1899. one Frs'
Mortgage -Four Per Cent FiftyYear uold Bond OF The
Baltimore and Ohio Railroad Company with coupons a'
tached maturing on and after october l. 1892 and IN
cash the amount overdue interest upon said bonds al
five Der cent up July 1895. with interest at the rate
OF five per cent per said overdue interest from
the respective maturity OF TIE nsalmens thereot
IN 20 August 1897 also the amount OF Interest In eash
per cent per annum upon SAID oohus lroih J"y
1898 10 April J. 1890 from which date the new oonds
bear interest interest at cent upon the over
due ins;alments up to August l. 1872
In case you do elect exchange your bonds but
elect 10 sell the s~me for cash will receive for the
principal said bond thousand dollars In cash. ana
YOU will cash the overdue interest on said
bond UP ls9s at the rate OF five per cent per
annum together with upon said overdue interest
at the rate five per cent per annum from the re-
pectve dates % maturity OF the nsGlments thereof up
TO sepembe- 1892 ard also In cash interest at the rate
Of four Der cent per upon said bond from July
1898 September l. 1893 with interest upon such over
four cent. 10 September !, ls1c
The Baltimore Ohio Railroad Company also offers to
such prefer sell their bonds for cash 10 an
ucpate the cash payment therefor. and 10 make the
any time after August !. 1899 interest be
ing adjusted date OF purchase instead Of September
l. 1889 when sixty days notice required would
plre Holders desiring to accept such payment in cash
prior September lS09 will please notify accord
ingy.
We earnestly request a prompt reply.