New-York tribune., 1901-05-03
flnanrlal.
Chicago, Burlington & Quincy
Railroad Company.
Sears Building. Boston. Nav I. 1901.


To the Stockholders:
At meeting the Board 0, Directors held on April
- l9ol' formal proposition. addressed
as representing the Stockholders laid before
your Directors. in which Great Northern Railway
company and the Northern Pacific Railway Company
Jointly offered TO purchase any part less than
twohirds. OF the OF the Capital Stock Of this
company copy Of such proposition has been
with each Of the depostaries hereinafter named
cuars setting forth the conditions Of the offer
mailed to all stockholders of record
The offer is to purchase such stock July l. 1901
and to pay therefor at the of $500
which are be the join, obligation OF the Northern
Pacific Railway Company and Of the
way Company; but the proposition includes offer
provide cash instead o: Bonds for Of purchase
price.
The Bonds to bear Of Four per
cent 40 annum from July l. 1901. mature
July 1921. but redeemabe at the option OF the
two Northern Companies at 1O5 cent. and accrued in
eresti on July l. 1906, coupon day
The bonds are TO be secured by pledge OF all the
acquired with Trust Company Trustee under Deed
Of Trust defining the rights Bond
holders In case default should be in the pay
ment Of the interest principal Of Bonds
Ihe proposition includes offer pay cash. instead
OF Bonds TO amount exceeding aggregate
s'o"""o. to those shareholders who shall prefer
ceive payment partly In cash: p. Morgan
& Co, as Managers of Syndicate have undertaken
provide such cash and to take therefor such Bonds
and accrued interest.
You accordingly offered the privilege of SELLING
YOUR STOCK AT 500 PER SHARE. payable wholly IN
the Four per cent (4qJ Bonds described above in
Bonds to the OF s6o and cash to the amount Of
$40
THIS PROPOSITION Is CONDITIONED UPON THE
DEPOSIT OF AT LEAST TwO-THIRDs OF THE CAPT
tai STOCK ON OR BEFORE MAY 20. 1901. The deposit
Of such twoirds said Capital Stock shall constitute
nnal acceptance the Northern Companies.
Stockholders invited deposit ;he Certificates for
their Stock accompanied by duly executed transfers in
blank, either with the METROPOLITAN TRUST COM
PANY, NO. 81 WALL STREET NEW YORK, with
the OLD COLONY TRUST COMPANY. AMES BUILD
ING. BOSTON. MASS. United States internal-revenue
required by law viii be attached by the respective
depositares.
Transferable Certificates Deposit will be issued in
change deposited Certificates. The latter
should be TRANSFERRED To THE NAMES OF THE
OWNERS BEFORE BEING DEPOSITED.
Stockholders who time OF deposting their Stock
notify the depositary they pay
men partly in bonds and partly in cash above stated
will receive Transferable Certificates Of Deposit emitting
them thereto upon Of the transaction but
all Stockholders shall will receive Trans
ferahle Certificates Of Deposit emitting them only 10
Bonds. third OF Transferable Certificate of De
post Will Issued such Stockholders shall elect u
receive payment wholly in cash which Certificate will
ente the holders thereof receive wholly IN
cash the residue of the Fifty Million Dollars be pro
vided above stated shall be sufficient therefor II
such residue shall be sufficient then receive
aab!e such residue in cash the remainder
Bonds.
Holders OF Convertible Five Per Bonds the
Chicago Burlington Quincy Railroad Company ad
vised IMMEDIATELY EXCHANGE THEIR BONDS
for stock and 10 deposit such Stock ON OR BEFORE
MAY 90 1901.
Stockholders 10 avail themselves Of this Offer
requested deposit their shares possible
ALL STOCK CERTIFICATES MUST BEAR. OR BE
ACCOMPANIED BY. A DULY EXECUTED TRANSFER
IN BLANK.
Copies giving particulars may
obtained from either the Depostaries from Arthur
stanwood. Assistant Treasurer. 7o4 Building
Boston Mass, whom correspondence should be
dressed. FRANCIS ". HUNNEwELL, Chairman