New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1901-05-12

finanrlaI.
Chicago, Burlington & Quincy
Railroad Company.
Sears Building. Boston. May I. 1901
To the Stockholders:

To the Stockholders:
At meeting Of Directors. held on Aprii
y 1901. formal proposition addressed to the uha
signed representing the Stockholders was laid BEFORE
your Directors IN which the Great Northern Hallway
Company Northern Pacific Railway Company
jointly offered purchase all part not less than
twohirds. OF the shares OF the Capital Stock OF TINS
Company. A of such proposition has oeen Ouseu
the depositaries named and cir
cuars setting forth the conditions Of the offer have been
mailed to all stockholders OF record
The offer purchase such stock Of July i. leoi
and $500 share in bonds
which be the join obligation OF the Northern
Pacific Railway Company and Of the Great Northern Ran
way Company but the proposition includes an offer TO
provide cash Bonds for OF the purchase
price.
The Bonds the rate Of -Four per
cent (4) July 1901. and are to mature
July 1921. but TO be redeemable at the option OF e
two Northern Companies los per and accrued IN
terest July 1. 1906 day thereafter
The bonds by pledge of all the Stock
acquired. with Company Trustee. under Deed
Of Trust defining the rights and remedies of the Bond
holders in any should be made in the pay
ment OF the interest principal OF the Bonds.
The proposition includes offer cash. instead
of Bonds. exceeding in the aggregate
s5OOocoo those shareholders who shall prefer to re-
ceive payment partly in cash. and Mesrs j. r. Morgan
& Co. as Managers of Syndicate have undertaken 70
provide 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 go Bonds described above OF In
Bonds to the Of s6O and cash TO the amount OK
$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 shall constitute
final acceptance OF the offer Of the Northern Companies
Stockholders 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 internal-revenue
stamps by attached by the respective
depositarics.
Transferable Certificates Deposit will issued IN
change for the deposited Stock Certificates The latter
should be TRANSFERRED To THE NAMES OF THE
OWNERS BEFORE BEING DEPOSITED.
Stockholders who the depostng their Stock
shall notify the depostary receive
ment partly in bonds and partly cash. stated
viii receive Transferable Certificates Deposit emitting
them thereto contamination Of the transaction: but
all stockholders shall elect Will receive Trans
ferable Certificates Deposit emitting them only 10
Bonds. third OF TransferabIe Certificate OF De
posit will be Stockholders shall
receive payment wholly in cash. which Certificate will
entte the holders payment wholly
cash. II the residue OF Fifty Million pro
vided above therefor. or.
such residue shall be sufficient. then receive
raabe of such residue in cash and the remainder in
Bonds.
Holders Convertible Five Cent Bonds
Chicago Burlington & Quincy Railroad Company ad
vised IMMEDIATELY EXCHANGE THEIR BONDS
for Stock and to deposit such stock ON OR BEFORE
MAY 20 1901.
Stockholders who desire this
deposit their possible
ALI. STOCK CERTIFICATES MUST BEAR. BE
ACCOMPANIED BY. y DULY EXECUTED TRANSFER
IN BLANK.
Copies giving fuller particulars may be
obtained from either OF Deposi,ares
c. Stanwood. Assistant treasurer. 7Oa Building
Boston Mass. whom correspondence should be ad-
dressed FRANCIS W. HUNNEwELI. Chairman.