New-York tribune., 1902-03-08
TO THE HOLDERS or THE
Second Mortgage Gold Income
Bond Certificates
OF THE
St Louis Southwestern
Railway Company
Secured by Mortgage of February IL, 1891
The Mercantile Trust Com
pany, Trustee.

The St Louis Southwestern Railway Company prOposes'
"a purchase for the system of certain
securities Of other companies already ae-
quired or In process OF acquisition.
( provide existing equipment obligations and for
expenditures already authorized for further equipment
90 make additional improvements and renewals Of
roadbed and which required to provide for in
creasing traffic.
) provide for such further con-
structon acquisitions and equipment OF lines as may be
necessary the protection extension OF tributary
territory and the business Of the system
requirements the present purposes above nd-
Gated Subdivisions estimated to be in the
neghborhood s6OOoO0O and 1t is considered that an
available of at least additional should
the future purposes specified In sub
division 4.
The Con,panys First Mortgage Certificates $50 o0
its Second Mortgage Income Certificates SlOOooOoO
subject to increase and are already Outstanding IN
the amounts by Indentures securing them
Limitation OF the Company resources
for capital expenditures purchase needed additional
equipment involves increase in the amount
which chargeable against income in determining net
earnings applicable Of interest on the Second
Mortgage Certificates, and construction and &C
QUESTION OF lines and property except IN the event
Of the merger of proposed) must be
largely basis of the Independent security
thus produced or acquired.
Under and the end that the Company
raise the required for the above specified puF
poses upon favorable to the Company and
its security holders It is deemed proper and IN the oest
interest Of the Of its Second Mortgage Income
Certificates said holders opportunity to CO
operate enable substantial unihea-
ton of security with that and hereafter inde
pendenty available TO the Company IN carrying out the
foregoing purposes.
In determining nature OF the security and the
extent Of the lien protecting the same the
action Of Directors and Stockholders must be guided
by 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. 12O
broadway, New York City. The Trust Conn
pany will receive such deposits mp to and
Including March 10th, 1902, upon the condi-
ton 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 31st,
1902, and that If such Certificates are not
then or heretofore returned the holders
of deposit receipts shall have the right,
upon similar notice and upon surrender or
their deposit receipts, to receive new securf-
ties rights, both, when and upon the
conditions offered by the railway company
to all depOsitors alike. or 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 Will be received
Gf nt alb after March 10th, 1902, will rest
exclusively in the discretion of the railway
company.
Depositors will receive Mercantile Trust Com
pany negotiable Deposit Receipts which shall state that
they are upon and conditions of this
notice Application will be made for the listing Of the
Deposit Receipts New York Stock Exchange.
Dated York, February 9Th 1902.
ST. LOUIS SOUTHWESTERN RAILWAY co.
By EDWIN GOULD, President.
Referring above notics and in accordance with
the request OF holders OF large amount OF the
Second Mortgage Certificates which already
been deposited undersigned will receive deposits Of
such Certificates up 10 and including MARCH 10TH,
1902 on the terms conditions of foregoing
of the St Louis Southwestern Railway Company and will
issue temporary receipts (exchangeabe for engraved
cepts when completed against such deposits in said
notice indicated.
New York, February 9Th, 1902
THE MERCANTILE TRUST COMPANY,
Rv LOIIS EITZGERALD. President