New-York tribune., 1901-05-05
finanrial.
chicago. Burlington & Quincy
Railroad Company.
Sears Building. Boston. May T. 1901

Sears Building Boston. May l. 1907.
To the Stockholders:
At meeting the Board OF pirector. held On Apr;
% io'i' formal proposition addressed to the under
as representing the Stockholders. laid before
your directors in which the Great Northern Railway
CoHpanS ' and the Northern Pacific Railway Company
Jointly offered to all or any part not less than
'i''os s OF the shares of the Capital Stock of this
eh OF the dePositaries hereinafter named. and cir
euiars setting forth condition.
mailed to all stockholder. OF record.
The offer is to purchase such July 1 1901
aa 10 pay therefor at the of $500 share bonds
which are to be the joins obligation Northern
Pacific Railway Company and the Great Northern Rail-
way Company; but the proposition includes offer TO
provide cash instead Of Bonds for Of the purchase
price.
The Bonds to hear of Four per
cent i7' per annum from July 1901 and to mature
July l. 1921. but to be redeemabe option of the
two Northern Companies at les and accrued in
teres on July l. 1906, coupon day thereafter
The bonds are 10 be secured by pledge of all the Stock
acquired. with Trust Company Trustee under Deed
Of Trust defining the rights remedies Of the Bond
holders in case default should made pay
ment Of the interest or principal of the Bonds
The proposition includes oner pay cash. instead
of Bonds. to exceeding in the aggregate
S5oWooo to those shareholders who shall prefer
ceiVe payment partly In cash; and Mesrs J. P Morgan
4 Co. as Managers of Syndicate have undertaken to
provide and take such Bonds
and accrued interest.
You accordingly offered the privilege of SELLING
YOUR STOCK AT 500 PER SHARE. payable wholly in
the -Four per $50 Bonds described above or in
Bonds to the of $3.50 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 Capital Stock shall constitute
final the oer OF the Northern Companies
Stockholders invited TO deposit the Certificates for
their Stock accompanied by duly executed transfers In
blank. either with the METROPOLITAN TRUST COM
PANY. NO. 81 WALL. STREET NEW YORK. or with
the OLD COLONY TRUST COMPANY. AMES BUILD
ING. BOSTON. MASS. United States internal a-revenue
stamps required by law will be attached by the respective
depositaries.
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 at the depositng their Stock
shall notify depostary that they elect to receive
partly in bonds and partly in cash. above stated
will receive transferable Certificates Of Deposit emitting
them thereto upon contamination Of the transaction but
all stockholders who shall elect will receive Trans
ferable Certificates OF Deposit emitting them only to
Bonds third form Of transferable Certificate Of De
post will be issued such Stockholders as shall elect 70
receive payment wholly cash which Certificate will
ente the holders thereof receive wholly in
cash II the Fifty Million Dollars TO be
vided shall be sufficient therefor II
such residue shall be sufficient. then to receive
part residue cash and the remainder in
Bonds.
Holders Of Convertible Five Per Cent Bonds of the
Chicago. Burlington Quincy Railroad Company ed-
vised 10 IMMEDIATELY EXCHANGE THEIR BONDS
for Stock and deposit such Stock on OR BEFORE
MAY 90. 1901.
Stockholders who desire 10 avail themselves this
requested deposit their shares possible
ALI. STOCK CERTIFICATES MUST BEAR. OR Re
ACCOMPANIED BY. A DULY EXECUTED TRANSFER
IN BLANK.
Copies OF the circular giving fuller particulars hs
obtained either the Depositaries from Arthur
c. stanwood. Assistant Treasurer, 3o4 Sears Building
Boston. Mass to whom all oerrespondenee should be ad
dressed. FRANCIS W HUNNEwELI. Chairman.