New-York tribune., 1901-05-09
financial.
Chicago, Burlington & Quincy
Railroad Company.
Sears Building. Boston. May /. 1901

Building Boston, May !. 1Sol
To the Stockholders
At meeting Of Board Directors. held on Apr
% 1901 formal proposition addressed to the unde
signed. representing Stockholders laid before
your Directors. in which Great Northern Railway
Company and the Northern Pacific Railway Company
jointly offered to purchase part not less than
two-hirds Of the shares of the Capital Stock Of tns
Company copy of such proposition has been lodged
with each Of the depositares hereinafter named and cir
culars setting forth the conditions have been
mailed to all stockholders of record.
The offer is to purchase such Of July l. 1eo
and TO therefor the rate Of $500 share in bonds
which be the john obligation the Northern
Pacific Railway Company and OF the Great Northern Rail
Company but the proposition includes offer to
provide cash instead ot Bonds for Of the purchase
price
o bear interest Four per
(47t) per July 1901 mature
July 1921. redeemable the option Of the
two Northern Companies 105 per and accrued in
erest on July l. 1906. coupon day thereafter
The bonds be secured by pledge of all the Stock
acquired a Company Trustee. under Deed
of Trust defining rights remedies of the Bond
holders any should be made in the pay
ment Of the interest o. principal the Bonds
The proposition includes offer to cash instead
Of Bonds to amount not exceeding in the aggregate
$50 shareholders prefer TO re
ceive payment partly cash. and Messrs J. P Morgan
& Co. Managers of Syndicate. have undertaken TO
provide such cash. and therefor such Bonds at par
and interest.
You accordingly privilege SELLING
YOUR STOCK AT 500 PER SHARE, payable wholly in
per cent. go Bonds described above. in
Bonds to the of s60 and cash 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 90. 1901. The deposit
two-thrds OF Capital Stock shall constitute
final acceptance the offer Northern Companies
Stockholders deposit Certificates for
their Stock accompanied duly executed transfers IN
blank either with METROPOLITAN TRUST COM
PANY. NO. 81 WALL. STREET. NEW YORK or with
the OLD COLONY TRUST COMPANY, ANIFs BUILD
ING. BOSTON MASS. United States internal-revenue
stamps required by will be attached by the respective
depositaries.
Transferable Certificates of Deposit will issued in
for deposited Certificates. The latter
should be TRANSFERRED TO THE NAMES OF THE
OWNERS BEFORE BEING DEPOSITED
Stockholders OF depositinS their Stock
shall notify the depositary that they receive pay
partly bonds and cash. above stated
Transferable Certificates Deposit emitting
them upon hut
all Stockholders who shall will receive Trans
ferabe Of Deposit emitting them only 10
Bonds third form o Transferable Certificate OF De
posit will be issued such Stockholders shall elect 10
receive payment wholly cash which Certificate will
cash II the residue the Fifty Million Dollars be
vded above stated shall be sufficient therefor. II
such residue shall he sufficient. then receive
ratabe OF such residue and the remainder in
Holders Convertible Five Per Cent Bonds Of the
Chicago. Burlington Quincy Railroad Company ad-
vised I;IMEDIATELY EXCHANGE THEIR BONDS
for Stock and deposi, such Stock on OR BEFORE
MAY 20 1901
Stockholders themselves this offer
requested deposit their shares 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 Depos;tares Arthur
stanwood. Assistant treasurer. 704 Building.
Boston. Mass, whom all correspondence should be
dressed. FRANCIS W. HUNNEWELL Chairman.