New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-02-03
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TO THE HOLDERS OF THE
Second Mortgage S Per Cent. Bonds
OF THE
STATEN ISLAND RAPID TRANSIT
RAILROAD COMPANY.

In CONSEQUENCE N = ~ Baltimore sri
Ohio Railroad Company The undersigned have beer IN
negotiation with the Baltimore snf ohio hrsaa4faoa
Managers with view The protection q ne above
bonds
AZ result the following proposition hs been oe;sin,i
which We deem advantageous for your interests ava
recommend ,or your prompt acceptance
The Baltimore and Ohio Reorgsnzarou Managers Offer
70 rr,cure an agreement from the Baltimore and OHIO
Railroad Company hs ReorsaniIef 20 purchase your
bonds at psr and interest In SO ard Ia 10
moan time 70 interest thereon olF per oea,.
r.- arr which 20 be accepted ~ no holders IN faH
~ such interest consideration thereof me oao'
and ohio Railroad Company Reorsanis~D " 10 have
n. -gh, 10 purchase your bonds AZ any me N'hn sNA
a.. vas,s q, rar ard interest cash ih'rv oAT
notice The Baltimore and Ohio Railroad 'o.'l' y.
R.oreanzed) f. agree further mat IN cas- 'N'"s"
-. v.a-s a plan for the reorganization 81 the s"''
r.tsnd Rapid Transit Railroad Company snaI % s''s'
- a., ~ With t,r approval Will secure for you ~
non FOR two weeks such plan Is publicly i'r4e'
tax. IN. new securties thereby provided II leu o. ~
cash pric. OF par and interest for yor oonN a. sO
stated s..,.
Ia - ,or.cos.t new four Per cent. bonds ~ iae ans
o,,t shall he created be secured BY mortgage ha'-
49, o.. .a,,s lien ipon the property. ara ne asreS
mon, - the Baltimore and ohio Railroad company "'
,orvo,,,.a shall apply equally 20 such new bonds
Tho agreement will not become effective Nne'' ~ ~
-, - .,ch lesser amour, az the Baltimore and ohN
Reconciliation Managers shall approve assn, "'''
and hsv. their bonds stamped accordingly 1Vn -
agreement thus becoming operative ne o'erins ''-'
viii 10 paid IN cash stated below
Under your B,ndhoders Agreement = July . ns''
. r,ovided that n al any time after default N h'''-
Tier. should arise opportunity eonsiiered 'a'0''
by US Tor arrangement and settlement ~ 'he '' -
IA. deposited bonds coupons. then VIII me N''
10 rosrf.s,ed hy express approval Or by failure "'nn
,,, ,ye.k, sxpres. dssenu Of the holders - our ''
,ncat., OF deposit representing seventy I'VE per o'ne
amount = tho deposited bonds We may maze ''
ransement and settlement 49,.
The foregoing proposition presents an opportunity '0'
..,,lernent and arrangement ~ your claims WIN" :.
deem favorable request therefore your a'''n'
thereto I'm writing Unless within four wee" "o" ~
date = mailin' ths notice 20 you. YOU n'"N ~ "
dissent We shall presume conciusivsy maj !. 1 49,,
ssnted 70 the proposed arrangement and ~ me ''v
n, YOUR bonds as asserting thereto A. above 'i ''n ~
., ,,. taking ~ such ste2s on part ~ Deem 1
s,ry 10 carry the into effect either oy no 49, =,
principal Of your bonds due or by Cousins -,
be instituted for me foreclo'urs OF mo "''
wise ~ We may be advised a.
Your bonds or the new bonds i'suei IN lieu thefe''
accordingly he 80 stamped ~ W. hs h..''" -,
certificates ~ deposit representing seventy h'' ~ a.
IN amount u the deposited bonds shAH a'f'"' -,
writing Or by failure 70 noufy - trelr dissent ~
the same shall become operative t5 mo A''e''
,eouisite amount Of outstandins bonds as above sS
So soon a. TIE agreement shall b. deela'el -.
the deposited bonds viii be stamped az t' ' - -.
Central Trust Company Of New York ana returned -,
depostors upon surrender 81 our ceruhcaie' NJ ''u
therefor unless the mortgage securing your o'n'' .
be foreclosed. IN which case the new bonds s''"'s
above provided will be delivered IN lieu * Ne 80 80.
bonds Al the time u such delivery Ok The eA'u"s
or now bonds the overdue interest on the bonds W.
scented by our certificates deposit VIII he pili N '
az ts face value with interest. ~,
In case the agreemen, shall not become operau''
deposited bonds Will not be stamped bur We VIII 'V" :,
to hold the under the hondholders ss'
July b ises. o.u
All but S. 600 Of the bonds Of the total issue ~ 'A
600 have been deposited
Dated NewYorl. January 9th. 1879
HAllGARTEN & CO..
p BROAD ST. Y.
Representing Staten Island RAPID Transit 20 N0'e
B0ndholders