The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-08-01
R, |. PLANS issue
OF BLANKET BONDS,
Unifving Securities Amounting 10
S2:h.1nr,0Ho, Bearing / Fer
Cent, Maturing in l3SS.
MEETING OF STOCKHOLDERS.
Money TO Be Expended as Deter.
mined by the Directors and
Executive Committee
Of the Railroad.


Ne~ York. july 21.-A meeting u the
stockholders OF fhe Chicago Rock islani
and Pacific Railway Company has Seen
called by the Boari ot Directors 10 he heid
at the company's Office in Davenport. Ia.
on October 5 for the purpose OF voting on
the proposed issue of $251n9"H t-per-cen:
rofunainc uuifyns houls 10 mature jan
uaTy l. 1855
This is the proposed issue Of bonds re-
ported to-day as about to be made subject.
of course, % The authorization Of the stock
holders. The company viii save a consil-
cradle sum per AMMAN IN fixed charges Is
the relrndiu-. ard as til operation will ne
largely an exchange of securities. probably
not more than 10000 ia cash g-iit BE- To-
Quired FOR It's financing.
According 10 the announcement published
In Wall street to-day the bonds will be is
sued at such terms and in sU-G amounts IS
from tine to time The Board OF Directors
or the Executive. Hlnmittre determine. a2i
are to be issued for the purpose of reTUa.-
ing redeemirg or paving at or before ma
iurity outstanding obligations Of taIs G NJ
pany. and Of such Other cumparits whose
properties are now or shall hereafter be-
acquired or controlled by consolidation.
purchase, lease or ownership "f shares Of
STOCK or otharWlsS by the thica-". Rock
Island and Pacific Railway Co.uuauy; Tor
the purpose OF the future enlai- mvnt. i'm
provement. extension and equipment Of the
properties of This company. and Of such
other companies: for the construction. pun
chase or acquisition Of other railways and
property; for the purchase. exchange or ac-
QUESTION of bonds and stocks Of other com
ranies: for the purpose Of reimbursilE this
company for moneys at any time expended
Tor any of the purposes Aforesaid and for
other lawful purposes.
At the close o. the fiscal year 1892. the
Chicago. Rock Island ami Pacific Railway
operated 500 miles Of track. ami had oGD-
ital stock outstanding. of 5000 800 instead
of NoV0o,eoV, and the funded debt stood III
S59.OS1 go
Exactly a year ago this week the Rocl;
Island Company of New Jersey vas incor-
porated for the purpose OF carrying ont the
plans for the control and capitalization Of
The system Cf roads acquired hv the Cli-
cago, Rock Island and Pacific Railway con-
pany. As holding company jae newly
formed New Jersag corporation operates
under a charter which gives the Board OF
Directors power to acquire and hold. sell or
dispose Of. mortgage % pledge Tho stocks
company OWNS all OF the outstanding stock
of the Chicago. Rock Island and Pacific
Railroad Company tan operating company
chartered under the laws OF Iowa in 1872. 10
take over the stock OF the old Chicago, Rock
Island and Pacific Ra& way Company, and
also owns control of the st. Louis and san
Francisco with recently acquired mileage.
Beginning with the fiscal year started
July ]. 1893 the Rock Island Company will
control and operate some 1904 niles of
single-track road. when contemplate I'd con-
nections are competed.
The entire capital stock Of the Rock
Island and Pacific Railroad Company of
1owa=-Sli5. coo co.'s owned by the Rock
Island tholding) Company of NeE Jersey.
Bonds of the Chicago Rock Island Com
parry outstanding, amounting to $s6S50,oe0,
are owned by the public
Control Of the entire Rock Island system.
including all subsidiary companies and
Moore Bros. and associates own and hold
the pr red stock.