New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-03-05
TO THE HOLDERS OF THE
Second Mortgage Gold Income
Bond Certificates
OF THE
St Louis Southwestern
Railway Company
Secured by Mortgage of February IL, 1sS
to The Mercantile Trust Com
pany, Trustee.

The St Louis Southwestern Railway Company proposes
ID To finance purchase for the system OF certain
branch securities Of other companies already ao
CURED process OF acquisition.
% To provide equipment obligations and for
expenditures already authorized for further equipment
90 To make additional improvements and renewals OF
roadbed property which required to provide tor "
creasng traffic
"a To provide definite for such further con-
strucon acquisitions and equipment Of lines as may De
found the protection or extension OF tributary
territory and the business OF the system
The requirements for the present purposes ABOVE iho
Gated (subdivsions and 81 estimated TO be IN the
neighborhood Of S6O0OOOO and It is considered that an
available resource $4,000 900 additional should
be constituted future purposes specified In sub
division 4 80. 49,.
The Copanv's First Mortgage Certificates CS2ooooo 900
and its Second Mortgage Income Certificates CSloV"Vo
are not subject TO increase already outstanding IN
the amounts by the Indentures securing them
Under the present limitation the Cornpanys resources
for capital expenditures the purchase Of needed
eopuent involves necessary increase in the amount
which Is chargeabe against income in determining ne,
earnings applicable payment Of interest on the second
Mortgage Income Certificates and construction ana &C
ouison Of new lines property Except in the event
Of the merger Of liens hereinafter proPosed must be
financed largely upon basis OF the independent security
thus produced acquired
T-5s- tbess conditions and 20 the end Company
NAV raise the money required FOR the above specified pu-
poses upon terms favorable to the Company ana
its security deemed proper and in the best
interest OF holders Of its Second Mortgage Income
Certificates 20 said holders opportunity TO Co
operate SO enable substantial unlhca-
on Of their secury and hereafter inde-
pendeny available tho Company in carrying out the
foregoing purposes.
In determining the Of the security and the
extent and lien protecting the same the
action Of the Directors Stockholders be guided
by the extent Of cooperation Of the holders
Of the Second Mortgage Income Certificates.
The railway company accordingly request,
the holders of its Second MOrtgnEe Income
! Bond Certificates to deposit their Certificate
| with The Mercantile Trust Company, No. I2'
| broadway, New York City. The Trust Com
| pany will receive such deposits up to anG
| including March 10th, 1902, upon the condi
! ton that all deposited Certifcates may, upOI
| direction of the Railway Company and upOI
| advertised notice. be returned 10 the holders
| of Deposit Receipts upon surrender Thereof
! without charge at any time before May 3Ist
| 1902, and That if such Certificates are no
then heretofore so returned the hOlder
of deposit receipts shnll have the right
! upon similar notice and upon surrender %
| their deposit receipts. to receive new securi
ties q II rights. both, when and upon th'
| conditions offered by the railway compan!
! to all dcpositors alike, their option, Il
sell their certificates for cash ut eighty pc
| cent. o their par value with accrued inter
est. The acceptance of any Certificates an'
the terms upon which they viii he received
exclusively in the discretion of the raiIva,
| company.
Depostors The Mercantile Trust Com
pany negotiable Deposit Receipts which shall that
they are Issued upon Of this
notice Application viii be for the listing Of the
| Denosft Receipts on the New Stock Exchange
Dated New York February 9Th, 1902