New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-09-12
Ginanfial.
(innntinl
REORGANIZATION OF
Kansas City,Pinsburg&
Railroad Company
AND IT'S TERMINAL COMPANIES.

RaIlr0a0 company
AND ITS TERMINAL COMPANIES.
To the Holders of the Bonds and Stocks of
Company,
To the Holders of the stock of the Kansas
City Suburban Belt Railroad Company ana
Port Arthur Channel & Dock Company.
Notice is hereby given that the undersigned have pre-
pared plan reorganization Of the Kansas CITY Pitts
burg Gulf Railroad Company and for the acquisition
by recognized company NJ the stocks Of the Terminal
Companies copies Of which be obtained At the once
Proviient Life and Trust Company. Philadelphia
seaboard National Bank Of New York. and the Guardian
Trust Company. OF Chicago. deposaries Of the cont
mittee which full particulars and details can be
obtained.
Briefly stated. the plan provides for the formation OF
new company which VIII acquire all the proPsITy, q
the existing Kansas City Pittsburg Gull Rairosa
stocks or the Kansas city suburban Belt Railroad Com
thus bringing the whole system under one ownership ana
The new company viii issue the following securte';-
First Mortgage hy-year four per cent Gold ,o ooo 90
To Be secured upon ali property ne Ksn.s:
o the Kansa. city Sbnfsan Pei, Rairosa Company and
the Port Arthur Channel & Dock Company.
Preferred Stock. four per cent non-cumulaye S2oOOO
Common Stock 'Sooo'Voo
These securities will be appropriated approximately as
follows:
Besides payment in cash OF coupon due April ,t 1899
BONDS:
F Mo s nssss Of f The he Ran!as ETY..
Ptts6urg & Gulf Railroad Company, at
the Of $3.50 in bonds for $1,000 ,,o nm nm
OF present bonds. 'sle'oV'o0
To be sold for cash requirements OF
Company. These bonds have been IN . nm ooo
derwrtten at s. per cent.............''. S'"o'""
To be reserved for future requirements OF .oo MA
new Company. '''''''''''''' ''Vo.
ro,., $50. 900, 900
PREFERRED STOCK:
rate s of s,oo for ssch 900 o said bonds 10000
For acquisition Of the Capital stock of the
Kansas Cry suburban Belt Company. at
~ per cont Of new stock for each share ,.o .oo
To participating stockholders. or the Syn
dCq' who may y. pay y. S0 T Kdn.s %. GRSn
Pttsburg Gulf Railroad Company stock ? 100 90
for requirements. ......... $4,000"
ro+,, ,,.u. $50 Ooo. 900
COMMON STOCK:
To participating shareholders, those who nm Ooo
For acquisition Of the capital stock q the
CITY Suburban Belt Railroad .,o.
Company at % per cent................. lls1oo
Reserved for future requlrements.......... 4sl2No
Total issue. $50 Oooooo
Voting Trust to continue years better secure
independent administration o the property has been
vaq f and and u; an w"
The Reorranizstion COMMITTEE has arranged for
control Of majority Of the capital stock II the Port
Arthur channel & Dock Company. intended %
retire the bonds secured upon Terminal properties by
secured said Terminals. and guaranteed II i2nha
desirable by the now company such new honos WI IL
based upon and restricted = the earnings ., San
Terminal properties as they may be ascer'aned upo"
future operation.
s soa to ?. , 5. and I'd for fTTs
have been urdorwrtten and the sum NJ Ap5oo"o VIII
provided for the cash requirements as specled
in said plan and believed to be amply sufficient
therefor
The holders various securities above named may
become nsr tios 70 the Reorganization Agreement ny
derositing their securities in either ~ he following
depositories:- Proyident Life & Trust Co.. Phfia-
deIphia, Seaboard National Bank. New York;
Guardian Trust Company, Chicago. ON OR BE
FORE THE TWENTIETH DAY OF SEPTEMBER, 1879.
for which negotiable or deposit in usual form
Will issued.
NO DEPOSIT OF SECURITIES WILL BE RECEIVED
AFTER THAT DATE. EXCEPT rP0N SUCH TERMS
AS THE UNDERSIGNED MAY IMPOSE.
The proposed plan prepared by the Committee
the approval and COOPERATION ~ n" holders ot
large OF the securities affected thereby whose
Recommendation their fellow security holders TO
promptly accept SAID plan will be found attached 70 the
either ~ the repositories or the Undersigned
Dated Philadelphia August II 1902.
WV F. HARRITT
A HECKSCHER New YorD.
HERMAN sTELCKEN CNtw Tor),
sAM-EI. r. SMILEY.
WfTTHROP sMITH
WILLIAM EpENBORN tChicago).
MAX PAM Chicago;
1ATHRoP MORROW. FOX q MOORE
No. III West Sixth street Kansas city. Mo.
PAM DONNEl.LY q GLENNON.
Rookery Building Chicago.
READ & PETIT,
Counsel for Reorganization Committee.