New-York tribune., 1899-07-01
TO the holders of our certificates OF
deposit for Five Per Cent First
Mortgage Gold Bonds of the Baltl-
more Belt Railroad Company,
issued under bondholders' agree
ment dated November 1St, 1897:

pafsrne n our circular dated London. June - 1898
We now beg notify that pursuant to the arrange
,nsn. therein stated The Baltimore and Ohio Raiiroa"
COMPANY has now exercise tho option thereoy
granted 10 It to purchase the deposited bonds al p' al"
accrued interest on September LIST. 1879"
We have obtained from The Baltimore and Ohio Rail-
road COMPANY authority offer to such OF the houe's
Of our deposit for the above BONDS as s
accept the same or prior TO July 20 1872 10 give IN
exchange for bonds new First Mortgage f"u'
Cent Ffty-Year Gold Bonds Of The Baltimore ana oo
Railroad Company for bond carrying all coupons
maturing on and after October l. 1899 the overdue IN
eres upon your old bonds being paid In cash. as her
after more particularly stated. Holders OF our cer0a
who desire TO accept this offer Of the Railroad COMPANY
must signify their acceptance writing on or before
JULY 20, 1899. will theTeupon exchange 'he
o-,o,al bonds for the new and Ohio Railroad
Company First Mortgage -Four Per Cent Bonds' ana WIZ
deliver the same together with the Interest to be pad IN
cash. upon the surrender Of our cernhca'e Oh oeP0s
therefor ~
Tnless on or before the goth day OF July, 1899. We
shall receive from you written acceptance OF this oe
we will carry original agreement ana wi" sell 'o
bonds OF the Baltimore Belt Railroad Company at par anu
Interest and viii pay you the amount 80 receiVeu
Oh surrender of OF deposit for your bohds
In case YOU accept offer exchange the holder OF
each certificate deposited bond VIII De e"''eu ~
receive from and after August l. I'9o one 10 Us
Mortgage -Four Per Cent Fifty-Year Gold Bond OF Ihe
baltimore and Ohio Railroad Company. with coupons at
,.ohed maturing on and after october !. 1899 and IN
cash the amount overdue interest upon sao oohus a
Ave p cent up to July 1895 with interest at the rate
O, FIVE per cent per said overdue interest from
the respective dates maturity Of the instaments heeo
nm 70 August J. 1899; also the amount OF interest IN cA
a, ,r nor cent, per annum upon said bonds from July
1898 TO April /. 1899. from which date the ne" Oo'u'
hear interest with cent upon the over
due instalmonts up 10 August l. 1899
I, case YOU do elect 10 exchange your bonds Ou'
eo, , soil the same cash. Will receive Tor he
rincia Of said bond thousand dollars IN cash. anu
Won , also receive cash the overdue interest on sau
hond up 70 July l. 1895 the rate OF hve per cent pe
o,nu together with interest upon said overdue interest,"
a. the rate Of five per cent. per annum from 'he re-
eve dates Of maturity Of the insiamen's thereof up
o. se,er,her 1879 and also In cash interest az the rave
- t,r rer cent per annum upon said bond from July J.
,sos ., Sentember l. 1s99 with interest upon such over
d ,ns,aIn,ents at four per cent to September 1888
nh Baltimore and Ohio Railroad Company also oiief 70
h hiers rs prefer 10 sell their bonds FOR cash 10 an
-, the cash payment therefor. and 70 make '"e
-. - oDv time on after August l. le"' interest oe
Co. ,ea N the date purchase Instead OF sep'e''oer
500 u.en the sixty days notice required would eh-
,,o uo,ders desiring to accept such payment IN o"sh
- .. se,,arnter l. 1899 will please notify US accord
ingly. ,
We earnestly request prompt reply
London June 80. 1899