New-York tribune., 1901-05-17

Sears Building. Boston, May ]. 1901
TO the Stockholders:
q meeting Of the Board % Directors held on April
S 1901. formal proposition. addressed the under
gned. representing the Stockholders
Directors IN which the Great Northern Railway
company and the Northern Pacific Railway Company
'ontly offered purchase all any part.
vo-thr6s the shares OF the Capital Stock this
oupany. copy OF such proposition has been lodged
ith each depositaries named
sulars setting conditions the offer been
luaiea 10 al stockholders Of record
II The offer is purchase such stock Of July i. 1901
nc pay therefor the Of $500 per share in bonds
lPacnc Railway Company and Of the Great Northern Rail-
way Company but the proposition includes offer 70
provide o: Bonds for Of the purchase
price
90 per July 1901 and 20 mature
July I. 1921 be redeemabe the option Of the
;wo Northern Companies IO5 per cent ana accrued ia
terest July J. 1906 coupon day thereafter
The bonds be secured by pledge OF all the Stock
acquired Trust Company Trustee under Deed
OF Trust defining the rights ana remedies OF the Bond
holders any default should be made in the pay
ment of the interest principal OF the Bonds
The proposition includes ofer 10 pay cash. instead
q BONDS amount not exceeding in the aggregate
$50 000O shareholders who rhail prefer 10
oeve payment partly in cash: and Messrs J. p Morgan
Co. as Managers a Syndicate. have undertaken 10
provide and take therefor such Bonds at par
and sccrued interest
You are accordingly offered the privilege SELLING
=
the -Four per Cs1) Bonds described above. in
Bonds the sl0O and cash 10 the amount OF
$50
THIS PROPOSITION Is CONDITIONED UPON THE
| 'EPOsIT OF AT LEAST Two-THIRDs OF THE CAPT.
J Al STOCK ON OR BEFORE MAY 90 1901. The deposit
two-thrds Capital Stock shall constitute
nal acceptance the offer Of the Northern Companies
Stockholders invited deposit the Certificates for
heir Stock accompanied by duly executed transfers in
lank. either with the METROPOLITAN TRUST COM
4 AMY, no. 81 WALL STREET. NEW YORK or with
/ ha IN
/ NC BOSTON MASS. United States internai-Tevenue
required by viii be attached BY the respective
enositaries.
Transferable Certificates Of Deposit will issued
change deposited Stock Certificates The latter
should be TRANSFERRED TO THE NAMES OF THE
OWNERS BEFORE BEING DEPOSITED.
Stockholders the time Of depositing their Stock
han notify depostary that they elect 10 receive pay
partly bonds and partly in cash. above stated
Et Certificates OF Deposit emitting
Them thereto upon Of the transaction but
al Stockholders who shall elect viii receive Trans
.erabe Certificates OF Deposit emitting them only 10
Bones third OF Transferable Certificate Of De-
post VIII be issued such Stockholders shah elect 70
receive payment wholly In cash Certificate viii
entue the holders thereof receive payment wholly IN
cash II Fifty Million Dollars 10 be
Faed above stated shall be sufficient therefor or
t1eh residue shall be sufficient. then 10 receive
aaoe part Of such residue in cash ana the remainder IN
Bonds
Holders Of Convertible Five Per Cent Bonds Of the
Oicago. burlington Quincy Railroad Company are ad-
fisea TO IMMEDIATELY EXCHANGE THEIR BONDS
ioT stock and deposit such Stock ON OR BEFORE
MAY 20 1901
Stockholders desire avan themselves this offer
are requested deposit their shares possible
ALL STOCK CERTIFICATES MUST BEAR. OR BE
IACcoAPANIED By. A DULY EXECUTED TRANSFER
IL BLANK
Copies Of circular giving fuller particulars be
eosinee from Depostaries from Arthur
II s'an~ood. treasurer Ses Sears Building.
Boston. Mass. all correspondence should be ad
o-essed FRANCIS ". HUNNEwELL> Chairman