The St. Louis Republic., 1904-09-28

| The following proposition dated New
York. September q. has been made by
Brown Brothers and Company. managers
OF the syndicate for the refuDding OF the
| Transit cOmplnys stock:
To the Shareholders or IN. 81 Louis Transi,
| Accomplishment o, a rriparIit- contract between
the 81 l.oui. Transit COMPANY. the United
| cate of which the und-rsIsn.d Managers.
and IN accordance with the terms OF a COZ enani
COMPANY Of -. Louis and the undeEsisn-i. as
said syndicate managers.
Nat, National hsnk q commsIs- n =; Louis a.
MI mel assEi Tor and IN ta-i, e-haa TO as.eI, .
of the St Louis Transit Company. subject
sIs 1sss % nso tai and to aRe seys &c ass
ea'ions; as hereinafter -1ai-u. foT participation
C1e Tfan.t comrany's stock and appica-
,inns FOR participation will be r.eeiysd by
N.w YORK. Philla-iph.a ana Boston. for trans
mission. without expense TO IN. deppsitor. 20
the National Bank II Commerce IN 81. LgdisJ
s-cond-Thr shares Q: stock ot the It. Lou.s
Transit COMPANY - deposited must be en-
| thoriz.ng the ;ransi.f u same upon m. books
o; the company. and 20 deposited with Sid
isoi: and the d.iosl; must also be accompanied
| with the incloset proxy, duly executed.
heIeinbefore stated. the anieTsisnsd. as syndI-
cate rIianasers. will e<chanse with the owner.
or his assigns Of the stock 80 deposited, two
shares o. the common siocI. of the United
Railways Company Of -. Louis for each ave
Company: the said United Railways cOmpany's
stock however. 10 b- represented by voting
trust certificates issued under voting trust
agreement 10 be formed and made by the un-
a-rsignsd. with such terms and conditions
may seem wise to them ,DaHaR.rS and
shall endure for p-ri9d OF i've yecr- from and
solved pursuant TO the terms Of such trus,
agreement
Fourih-Th. syndicate of which tn. under
chase certain bonds and stocks mentioned In
said trlpari!te agreement. belonging to the ST.
Louis Transit Company. and upon plan and
terms her.tofore agreed upon between syndicate
and mana gers. after the consumTnatica Of which
there Will remain IN the possession OF the mar
axers as the property Of the underwriters &z-
co.oo Ss.s.1."e frs; general mortEaee <-per-cent
bonds OF the United Railway. COMPANY: L E2
shares OF the preferred stock OF the United Rail
ways Company: is5. os! So share, OF the common
stock Of the United Railways Company. - oco-
Ol; at a to;a! cost OF s..lso.6.s
IL II the desire Of the syndicate managers
Louis Tranrit Company shall deposit their
stock a. her-inbefore provided opportunity
TO participate in such purchase Of said bonds
and stocks under said syndicate plan. This Of
fer Is. however. entirely without any consiSera-
tion. and purely voluntary the par; OF man
ayers and syndicate
Transit Company as on or befor. Friday. octo
b~r lSll. shall be made In accordance with the
subioined communication 10 the National Bank
OF Commerce In 81 Louis as agent for the syn
cicate managers. for pari.cipation In said syndi-
cate purchase. will have the attentive considsfa-
.ion OF the MANAGES. ana aiIoim.nt upon such
practicable: but the managers may require any
such aponcant TO give guarantee o. his fnan,
amount es III. sppi,r.,es S uy sya f1r se ts ~
piled for. BROWN BROS. 4 CO.
Syndicate xanagsrA