Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1900-05-14
THE ALTON REORGANIZATION.
slncreusc In capitalization Amount

Increase In CnpttaltZntionA mountto
over @6O,OOO,uOO.
New York, May l4.Certain deveipo-
sments IL connection with the Chicago &.
Alton recently namely. the swelling Of
ats srapiial by about s6o,ooo.00O. the dec
s!aratlpna If a 80 per cen, dividend on the
stock ~ the old company, calling for
nearly $1,000, 0n0, and the announcement
sef the ereaunn of Il collateral trust
mortgage by the new Chicago y Alton
Railroad Company of5 So, 1oo 600 have.
attracted general interest IN financial;
;eliciss and have led To much discussion
as TO the coRpnays plans for the fu-
ture.
| There areSmen in the Wall street dis
istrict wila believe ihatSthe greatest de-
lNelopment III railroad consolidation Is
ts com. thru plans formulated in the
Interest of the Chicago & Alton syfldi-
cate. What these plans may be can not
be decidedly asserted. hui that they
embndy the requirement of other prop-
critics has Deen admitted by one OF the
|srneinbers The recent enormous In
crease In Tho capital of the company
fact that has passed practically with
out comment in Wall street-leads to
the bslie; that the funds have been pro-
vided for whatever plans the syndicate
has III mind
Nithin tlIe last year % per cent FINE
Iprefeiaed and common took ofsthe Chi
cage & Alton Railroad Company has
passed under the control of the syndi-
| cate fo.med by Il. II. Hartman. Jacob
Ia. Sehiif3 James Stiliman and George j.
IC;auid At the time the syndicate made
Z Il. &C. - -
l.the preferred and sli5 for the common
! the capital of the Chicago g Alton
\ Rasioaa Company, including stocks
and bonds OF other properties assumed
Tor sunranteed-n fact, Of everything
Fin sight that Went 10 make up the sys-
Il III Mas s34,405,d5o.
The first thing done by the syndicate
upon acquiring the property was e
8cfeate ai.funding mortgage Of $41,-
fOgo,o00 sincere uced To s32 100000. bear.
ling 3 psr cert interest, ai,t .aterA-a.t
1 here is another. fact that seems To have
IrsGapea general attention--to form q
nen corporation. known as the Ghica-
I 90 ~ Alton Railway Company. The lat.
listar bought the sixty-three miles known
lasstne 81. Louis Peoria II Northern ant
i leased the Chicago d Alton railroad fol
II q period Of ninety nine years. Agains
1.-the sixty-thre- miles Of property ac.
4 duirsd and the leased lines, which, d.
stated, had capitalization Of S34, 600.
4 900, the Chicago q Alton Railway Com
/ pany has created a capitalization o
4 $62 coo. 900.
! The capitalization OF the successo
i corporation, il it can be 80 called TO
4 the Chicago & Alton railroad is still Ii
existence--is made UP of $20.OOO0O0 o
common stock, $4,000, 900 Of per cen
non -cumulntivc preferred stock ant
4 s22000.0o0 first mortgage and coilatera
trust bonds. The bonds are sold as
A first lien on the slxty-three miles of tn
4 ST Louis. Peoria e. Northern railwa,
4 and deposit Of common and preferred
3shares Of the Chicago & Alton Railwa.
i Gompany. In issuing the S32,0o0.000 o
railroad bonds the proceeds Of sufii
|cient amount have b.en retained 10 re
tire all prior issues ana guarantees o
1 the railroad