New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-03-06
TO THE HOLDERS or THE
Second Mortgage Gold Income
Bond Certificates
or THE
St Louis Southwestern
Railway Company
Secured by Mortgage of February IL, 1891
The Mercantile Trust Com
pnny. Trustee,

The st. Louis Southwestern Railway Company
~ TO finance the purchase for the system Of certain
branch lines Of other companies already &C
quired process OF acquisition.
~ provide existing equipment obligations and for
expenditures already authorized further equipment
az To make additional improvements and renewals Of
roadbed property which required to provide for in
creasing traf1c
"a To provide definite such further con
stucoH acquisitions and equipment Of lines as may be
found the protection extension Of tributary
territory and the business Of the system.
The requirements for the present purposes above nd-
Gated subdivisions . and - estimated to be IN the
neighborhood Of $4,000 and is considered that an
available Of least $4,000 600 additional should
be constituted for the future specified in sub
division 4
The Copanys First Mortgage Certificates $50 ooo
and its Second Mortgage Income Certificates SloOooOoO
subject already outstanding in
the limited by Indentures securing them
Under present OF the Conpanys resources
for capital expenditures the purchase Of needed adol
equipment necessary increase IN the amount
chargeable against income in determining net
earnings applicable payment Of interest the Second
Mortgage Income Certificates and construction and &C
lines property Except in the event
Of the merger Of liens hereinafter proposed must De
largely upon basis Of the independent security
thus produced or acquired.
Under conditions and 10 the end that the Company
may the money required for the above specified Pur
poses upon favorable 20 the Company and
security holders deemed and in the best
holders Of its Second Mortgage Income
Certificates said holders opportunity 10 Co
operate so as 70 enable merger substantial, unihca
ton Of their security with hereafter indie
pendeaty available the Company in carrying cut the
foregoing purposes.
In determining the security and the
character OF the lien protecting the same the
the Directors and Stockholders must be guided
the Of cooperation the part 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
with The Mercantile Trust Company. No. 100
Broadway, New York City. The Trust Conn
pany Will receive such deposits mp to and
including March 10th, 1902, upon the condi-
tion that all deposited Certificates may, upon
direction of the Railway Company and upon
advertised notice. be returned TO the holders
of Deposit Receipts upon surrender thereof
without charge at any time before May 3Ist.
1902, and that if such Certificates not
then OF heretofore so returned the holders
deposit receipts shall have the right,
upon similar notice and upon surrender of
their deposit receipts, to receive new securi-
ties rights. or both, when and upon the
conditions offered by the railway company
all dcpositors alike. Mt their option. to
sell their certificates for cash mt eighty per
cent. of their par value with accrued inter
est. The acceptance of amy Certificates and
the terms upon which they will be received
df at alb after March 10th, 1902, viii rest
exclusively in the discretion of the railway
| company.
Depotors will receive from The Mercantile Trust Com
pany negotiable Deposit Receipts which shall
they issued upon the conditions Of
notice Application VIII be made for the listing Of the
Deposit Receipts the New York stock Exchange.
Dated New York February 9th. 1902
ST. LOUIS SOUTHWESTERN RAILWAY co.
BY EDWIN GOULD. President
Referring 10 the above notice and IN accordance with
the request Of the holders Of a large amount Of the
Mortgage Income Certificates have already
deposited the Undersigned receive deposits of
such Certificates up 70 and including MARCH 10TH,
1902 the ana conditions foregoing notice
the st. Louis Southwestern Railway Company and will
issue temporary receipts (exchangeabe engraved re-
ceips when copeted against such deposits said
notice indicated.
New York, February 9th
THE MERCANTILE TRUST COMPANY.
By LOUIS FITZGERALD. President