The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-07-10
Baltimore Belt Railroad Company
issued under bondholders' az
dated November list, 1917
agreement

issued under bondholderT agreement
dated November LIST, 1917
Referring to our circular dated London. June ~.
1898. we now beg to notify you that pursuant to
the arrangement therein stated. The Baltimore and
Ohio Railroad Company has now elected to exercise
the option thereby granted to 1t to purchase the de-
posted bonds at par and accrued interest Sep.
TENDER LIST, 1899.
We have obtained from The Baltimore and Ohio
Railroad Company authority to offer to such of the
holders Of certificates of deposit for the above
bonds as shall accept the same on or prior TO July
20. 1922 to give in exchange for their bonds
First Mortgage Four Per Cent. Fifty.Year Gold
Bonds of The Baltimore and Ohio Railroad Company,
bond for bond. carrying all coupons maturing on
and after October 1890, the overdue interest upon
your old bonds being paid in cash, as hereinafter
more particularly stated Holders of certificates
who desire to accept this offer Of the Railroad Com.
pany must signify their acceptance in writing
before JULY 20, 1899. and we will thereupon
change the original bonds for the Baltimore and
Ohio Railroad Company First Mortgage Four Per
Cent Bonds and will deliver the same, together
with the interest TO be paid In cash upon the sur
render of our certificate OF deposit therefor
Unless on or before the 2o.h day OF July. 1899.
We shall receive from you written acceptance OF
this offer will carry out the original agreement
and will sell your bonds of the Baltimore Belt Rail
road Company at par ana interest and will pay over
to you the amount received surrender of our
certificate of deposit for your bonds.
In case you accept the offer I" exchange the holder
OF each certificate for deposited bond will be
titled to receive from us on and after August /,
1890, one First Mortgage Four Per Cent. Fifty Year
Gold Bond Of The Baltimore and Ohio Railroad
Company. with coupons attached maturing on and
after October I. 1899, and in cash the amount OF
overdue interest upon said bonds at ave per cent up
to July l. 1898 with interest at the rat of five per
cent. per annum on said overdue interest from the
respective dates OF maturity Of the installments
thereof up to August l. 1899; also the amount OF
interest in cash at four per cent per nnnum upon
said bonls from July l. 1898. to April l. 1872 from
which date the bonds bear interest with interest
at four per cent upon the overdue installments up
to August /, 1929.
In case you do not elect to exchange your bonds.
but elect to sell the for cash. will receive
for the principal of said bond thousand dollars
in cash. and you will also re- Give in cash the over.
due interest said bond UP to July l. 1898. at tho
rate of five per cent per annum. together with In
terost upon sad overdue interest at the rate of five
cent. per annum from tho respective dates of
maturity OF the insallmcnts thereof up to Septem-
ber l. 1s09 and also in cash interest at the rate of
four per cent per annum upon said bond from July
/. 1898, to September 1. 1859 with interest upon
such overdue nstallments at four per cent to Sep
TENDER / 1899.
The Baltimore and Ohio Railroad Company also
offers to such holders prefer TO sell their bonds
for cash to anticipate the cash payment therefor
and to make the same at any time or after August
/. 1899. interest being adjusted to the date of pur
chase instead OF September 1899. when the sixty
days notice required would expire. Holders desir
ing to accept such payment in cash prior to septem
Der /. 1899, will please notify us accordingly
We earnestly request a prompt reply.
London, June 80. 1899