New-York tribune., 1902-02-07
TO THE HOLDERS OF THE
Second Mortgage Gold Income
Bond Certificates
st. Louis Southwestern
Railway Company
Secured by the Mortgage of February L
1891, 10 the Mercantile Trust Com
pany, Trustee.

pdhss as
The St Louis Southwestern Railway Company proposes:
% To finance the purchase for system certain
branch securities OF other companies already
qured IN process OF acquisition
provide existing equipment obligations
expenditures already authorized for further equipment
C3) To additional improvements renewals OF
property ch required 70 provide for in
creasinE trannc.
sruction acquisitions equipment OF lines be
found necessary protection extension OF tributary
territory and the business Of the system
TIE requirements for the present purposes above ind
Gated subd,vsons . and 81 estimated be IN the
neighborhood Of 100000 It Is considered that
least SO 100000 additional should
constituted for the future purposes specified in sub
division
The Companys First Mortgage Certificates $4,000 O0o
and Second Mortgage Income Certificates SlooOooOo
are subject and already outstanding in
the amounts by Iudentures securing them
present Limitation OF the CoCpanys resources
,or capital expenditures purchase needed additional
equipment involves a necessary increase in the amount
which is ehargeable against income in determining net
earnings applicable payment Of interest the Second
Mortgage Iacome Cerhcates and construction and ac-
quisition OF lines and property except in the event
Of tie merger liens hereinafter proposed1 must be
largely the basis OF the Independents s'3
thus produced acquired.
Under these and 10 the end that the Company
NAV raise the money required the above specined pu
poses upon favorable to the Company ana
its security holders IS deemed proper and IN the oss'
Interest of Second Mortgage Income
Certificates TO offer TO said holders opportunity
oDsrats 50 as TO enable merger substantial unnca-
,on OF their security and hereafter nds-
pendenty the Company in carrying out the
foregoing purposes
In determining the nature Of the and the
extent the lien protecting the same ts
action Of Stockholders must be guided
by the cooperation the part Of the holders
Of the Second Mortgage Income Certincates
The railway company accordingly requests
the holders its Second Mortgage Income
Bond Certifcates to deposit their Certihcates
with The Mercantile Trust Company, No. lsO
Broadwny, New York City. The Trust Conn
pany Will receive such deposits up 70 and
including March 10th. 1902, upon the condt-
ton that all deposited Certificates may, upon
direction of the RAILWAY Company and upon
nd vertIsed notice, be returned 10 the holders
of Deposit Receipts upon surrender Thereon
without charge at auy time before May Jlst'
1902, and that III such Certificates are not
then heretofore returned the holders
of deposit receipts shnu have the right.
upou similar notice md upon surrender or
their deposit receipts, 10 receive new securl-
ties or rights, both, when and upon the
conditions offered by the railway company
TO all depositors alike. at their option, TO
sell their certificates for cash at eighty per
cent. of their par value with accrued inter-
est. The acceptance of any Certificates and
the terms upon which they viii be received
az mt nID after March 10th, 1902, viii rest
exclusively In the discretion of the railway
company
roeposors VIII receive The Mercantile Trust Com
many NEGOTIABLE Deposit which shall that
they are issued upon the and conditions Of this
notice Application for the listing OF the
Deposit Receipts the New York Stock Exchange,
Dated New York. February 6th, 1907