New-York tribune., 1901-05-07


To the Stockholders:
At meeting Of Board Directors held April
e5 1901. formal proposition addressed the under
signed representing Stockholders laid before
your Directors in which the Great Northern Railway
Company and the Northern Pacific Railway Company
jointly offered purchase all part. not less than
thirds. the the Capital stock Of this
Company. A of such proposition has been lodged
with each Of the deposaries hereinafter named and cir
cuars setting the offer have been
mailed to all stockholders Of record
The offer purchase such stock Of July T. 1901.
and pay therefor at the rate 5000 per bonds
which be join, obligation Of the Northern
Pacific Railway Company and Of the Great Northern Rail-
Company but the proposition includes offer to
provide cash instead os Bonds o part Of the purchase
price.
The Bonds 20 bear interest Four Per
$50 per July 1901 and
July 1921 but to be rsdeemabe at the option OF the
Northern Companies at los per and accrued in
July l. 1906. coupon day thereafter
The bonds be secured by pledge Of all the Stock
acquired. with Trust Company Trustee under Deed
Trust defining rights remedies Of the Bond
holders any default should made in the pay
ment Of the interest principal Of the Bonds
The proposition includes offer cash instead
ot Bonds amount not exceeding IN the sgs-egat.
$50 600 to those shareholders who hal prefer to re-
eevs payment partly in cash: and Messrs j. p Morgan
Co, Managers OF Syndicate, have undertaken to
provide such cash and take therefor such Bonds at par
and accrued interest.
You accordingly offered the privilege Of SELLING
YOUR STOCK AT $500 PER SHARE. payable wholly in
the -Four per cent (4e0 Bonds described above in
the Of s1s0 and cash the amount Of
$40
THIS PROPOSITION Is CONDITIONED UPoN THE
DEPOSIT OF AT LEAST TwO-THIRDS OF THE CAPI
TAI. STOCK on OR BEFORE MAY 60 1901. The deposit
tvothirds Of said Capital Stock shall constitute
acceptance offer OF the Northern Companies
Stockholders deposit the Certificates for
their Stock accompanied by duly executed transfers in
blank either with the METROPOLITAN TRUST CON-
PANY, No 81 WALL. STREET. NEW YORK. or with
the OLD COLONY TRUST COMPANY. AMES BUILD
ING. BOSTON MASS. United States internal-revenue
stamps required law will be attached BY the respective
depositaries.
Transferable Certificates Deposit will be issued in
change deposited Stock Certificates The latter
should be TRANSFERRED TO THE NAMES OF THE
OWNERS BEFORE BEING DEPOSITED.
Stockholders the time of deposns their Stock
depossry they elect receive
partly bonds and partly in cash, above stated
will Transferable Certificates Of Deposit emitting
them thereto upon contamination Of the transaction but
all Stockholders shall elect will receive Trans
ferabIe Certificates OF Deposit emitting them only
Bonds third form OF Transferable Certihcae Of De
post Stockholders shall elect TO
receive payment wholly in cash which Certihcae will
ente the holders thereof to payment wholly
cash II the residue ot the Fifty Million Dollars 20 he
vided above stated shall be sufficient therefor. II
such residue shall be sufficient. then receive
par; such residue in cash and the remainder in
Bonds.
Holders Of Convertible Five Bonds Of the
Chicago. Burlington Quincy Railroad Company sd-
vised TO IMMEDIATELY EXCHANGE THEIR BONDS
for Stock and TO deposit such Stock ON OR BEFORE
MAY 20. 1901
Stockholders who desire themselves Of this offer
requested deposit their possible
ALI. STOCK CERTIFICATES MUST BEAR OR BE
ACCOMPANIED BY. a DULY EXECUTED TRANSFER
IN BLANK
Copies Of the circular giving fuller particulars be
obtained from either Of the Deposaris- Arthur
G stanwood Assistant treasurer To4 Sears Building
Boston Mass TO whom correspondence should be ad
dressed FRANCIS W. HUNNEwELL. Chairman