New-York tribune., 1900-05-17
financial.
OFFICE OF THE
Wheeling s Lake Erie
Railroad Company,
Cleveland, q.
TO HOLDERS OF

TO HOLDERS OF
Lake Erie Division First Mortr.xe uer
cent Bonds, due Oct. lst 1926.
wheeling Division First Mortgage per
cent. Bonds. due July Ist. 1923.
.'ension Il Improvement per cent. Bonds,
Que Feb. LIST. 1890.
Toledo Belt RAILWAY 20 II, wor,r
cent bonds
10 order TO permanent entrance into th. CITY
company has since the reorganization Wheeling
q Lake Erie Railway Company acquired the Cleveland
Canton Southern Railroad. the Belt and Terminal
railroad In Cleveland They acquire the
Coshocton Southern Railroad terminals and
railroads in GAINESVILLE Cleveland Canton and
southern Railroad Company thus obtaining an indie
pendent line through Canton to GAINESVILLE
and terminals IN city.
The Cleveland Canton Southern Railroad connects
with the Wheeling Lake Erie main line
Hhefrodsviiie II s upwards OF 200 length
Guiding branches and with Cleveland Belt Line the
Coshocton Southern Road GAINESVILLE terminals
connecting with the Wheeling at coshocon
453
The Cleveland and Canton line enters Cleveland ad-
vantaseousy, its terminals business
centre Of the city. and with the Cleveland
Terminal Railroad gives railroads
Cleveland and also manufacturing plants
and other important industries
These combined roads form short and
tween wheeling and the cities Of Cleveland Toledo
and touch other important points Canton and
GAINESVILLE. and industries in
these
erty now owned and will Coshocton
Railroad Company from Coshocton GAINESVILLE,
being acquired. and first mortgage 2O4
road including branches and secured by general
mortgage the property consisting
WHEN THE EXISTING DIVISIONAL MORTGAGE
BONDS ARE RETIRED. BY EXCHANGE OR PAY
MENT. THESE NEW BONDS WILL BE A FIRST
LIEN ON THE ENTIRE PROPERTY The present
mortgages first liens only portions prop
erty. and of them the whole road
The earnings Of the Company for the nine months
ing 3lst March 1900 Canton and Southern
divisions being included only since August 14h. 1899
show net surplus and above all interest
and taxes for that period Of s5Oass satisfactory
showing is irrespective Of property
will receive from the improvements under way
the earnings should within reasonable time show
substantial
capital the Wheeling and Lake Erie
Railroad Company consists Of
SIS, ,Ooo.Oo FIRST CONSOLIDATED MORT
GAGE go GOLD BONDS DUE sEPTEM-
BER 1919 INTEREST PAYABLE
MARCH 1st AND SEPTEMBER ist.
To disposed o follows:
Set aside retire by exchange the present
outstanding bonds OF the Company. So 4o0, ,Oeo
Set aside FOR purchase Of Cleveland
Canton nd Belt Line
properties. for the payment and retire
Of outstanding obliga-
tons. for the purchase new equip
nlent. and the general Improvement OF
the Companys road acquired prop
critics Observation-Disclosures. 5000 900
Held in the treasury used only for
future extensions and the requirement
OF additional dock ana terminal prop
critics 100000
Total Observation-Disclosures. .s15. 900 600
81, 200 600 FIRST PREFERRED NoN-CUMU-
LATIVE 4qs STOCK. ISSUE LIMITED
To be disposed OF $ follows:
Issued accordance the Plan Of Re
organization Of the Wheeling
Erie Railway Company Febru-
7th 1885. sss.-........................s $500 600
Issued for the purchase Of the Cleveland
Canton and Southern and Belt Line
properties expenses .......... eaO 600
Set aside be issued Bondholters
the terms of the offer Of exchange 1850, 900
Total .................. ........... So 100000
s12. 900 SECOND PREFERRED NON
CUMULATIVE 49o STOCK, ISSUE
LIMITED.
To be disposed follows:
Issued in accordance with Plan Of
organization Wheeling and Lake
Erie Railway Company Febru-
aTy 7th. 1888 s.-...........-.......... $1,000 900
Issued for the purchase of the Cleveland,
Canton Southern Belt Line
properties. and for expenses ........... seIO 600
Set aside TO be issued TO BondhoIders under
the terms Of the above offer of ex-
change Observation-Disclosures. 100000
To remain in the treasury for future needs
Of the Company Observation-Disclosures. 600 600
Total .......-........ 81 coo 900
SZO, OoO, COO COMMON STOCK
Disposed follows
Previously outstanding the hands Of
the public SIS 600 900
Issued for the purchase Of the Cleveland
Canton & Southern Belt Line prop
critics -.--....... 900 600
To remain in the treasury future needs
OF the Company ....-....-............. 900 900
4ota $50 900 900
The Company considers the benefit accruing from a
which will uniformly the entire present
property also future acquisitions more ad-
vantageous you than divisional mortgages each
of which only portion system and recon-
soidated mortgage year Bonds due le4s first
preferred stock and second preferred
ing & Lake Erie Railroad Company on the following
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