New-York tribune., 1902-02-15
financial.
TO THE HOLDERS OF THE
Second Mortgage Gold Income
Bond Certificates
St. Louis Southwestern
Railway Company
Secured by Mortgage of February IL. 1901.
TO The Mercantile Trust Com
pany. Trustee.

pany, Trustee.
The Louis Southwestern Railway Company proposes:
a. To finance the purchase the system Of certain
branch lines Of other companies already
qutred in process Of acquisition.
C To provIe existing equipment obligations and for
expenditures already authorized equipment
C0 To make additional improvements and renewals of
property which required provide for in
creasag traffic
~ provide definite such further
st7ucon acquisitions and equipment Of lines as may be
found necessary protection extension OF tributary
territory and the business OF the system
The requirements present purposes above indi
Subdivisions and 81 estimated be in the
neighborhood Of $4,000 Coo considered that
available soOoOoOO additional should
be constituted for the future specified in sub
division !.
The Companys Mortgage Certificates $50 0oooO
Certificates $50 600 OoO
subject and already outstanding IN
the limited by the Indentures securing them
Under present Coupanys resources
for capital expenditures the purchase Of needed additional
equipment involves necessary increase in the amount
which IS chargeable against income in determining net
earnings applicable to payment on the
Mortgage Income Certificates construction
QUESTION Of lines and Except in the event
merger Of hereinafter proposed must be
basis OF the independent security
thus produced or acquired.
Under these conditions that the Company
nav raise the money required specified pur
poses upon the favorable the Company and
holders deemed and in the best
of the holders CT its Second Mortgage Income
Certificates TO said holders opportunity 10
operate enable substantial unihca-
Of their security with that now and hereafter inde
perdeny available the Company in carrying out the
foregoing purposes
character Of the lien the
OF Directors and Stockholders must be guided
by OF cooperation the Of the holders
Of the Second Mortgage Income Certificates.
The railway company accordingly requests
the holders of its Second Mortgage Income
Bond Certificates to deposit their Certificates
IN he MRr fEa Tru sf OE laxly.
Broadway. New York City. The Trust Com
pany will receive such deposits 40 and
including March 10th, 1907, upon the condi-
don that all deposited Certificates may, upon
direction OF the Railway Company and upon
advertised notice, be returned to the holders
Deposit Receipts upon surrender thereof
without charge Mt auy rime before May 31st,
1902, and that If such Certificates are not
then heretofore returned the holders
deposit receipts shall have the right,
upon similar notice and upon surrender of
their deposit receipts. to receive new securt-
ties rights. both. when and upon the
conditions offered by the railway company
all depOsitors alike. at their option, to
sell their certificates for cash at eighty per
cent. of the par value with accrued inter-
est. The acceptance of any Certificates and
the terms upon which they Will be received
df at alb after March 10th, 1902. will rest
exclusively I'm the discretion of the railway
company
Depostors will receive from Mercantile
pany Deposit Receipts which shall that
they issued upon the and conditions Of this
notice. Application Will be made for the listing ~ the
Deposit Receipts New York Stock Exchange
New York February 9th. 1902.
ST. LOUIS SOUTHWESTERN RAILWAY co.
BY EDWIN GOULD, President.
Referring 20 the notice accordance with
the request the holders Of a of the
Mortgage Certificates already
deposited undersigned will deposits Of
such Certificates up and including MARCH 10TH
1902 the terms and conditions Of the foregoing notice
Of Southwestern Railway Company and will
temporary receipts texchangeahe FOR engraved
eeipts competed) deposits said
notice indicated.
York February 9Th. 1902
THE MERCANTILE TRUST COMPANY,
BY LOUIS FITZGERALD, President.