New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-04-04
FIGHT FOR n. ?. CONTROL.
Continued from first page.

panies respectively. and less than Il per cent
OF such stock was issued for other properly. .ney
2S4GO par value OF the stock of said Northern Sc
ee COMPANY Vas f is soc Of f Yarb Ior pa
cifc Railway Company, and about s2I2,eoOVJ0 par
in Exchange for sSi2i go par value Of the stock
OF e irerb ss S 81 nan s1e OF Stock Of the
Northern Securities Company standing in the
original issue of the stock of said Northern securi-
ties Company and was issued directly 10 them 9y
said Northern Securities Company on or about NO
vember Is 1901 in exchange for $3IO23VO par value
of ee lS6k STOCK of aHd
Company and the time of such exchange there
oTIaiaI cerinnates issued TO them are still regis
tered in their names and are actually in the
custody of the said trust company as pledges and
Flfth-At the time Of such exchange 1T was under
stood and agreed that the $oe5VO par vaiue OF me
stock Of the Northern Pacific Railway Company;
stock for stock OF the Northern Securities Com
rany the preferred stock was converted by the
of the Northern PacI { Railway Company. of the
Sne par bt if IN len Of the certiacates FOR
preferred stock and the Northern Securities Com
received from your petitioners and the common
stock into which said preferred stock was so con-
Sixth-The final decree in the above entitled cause
6ay. March Il. 1894 duly affirmed by the Supreme
Court Of the United States, and in the decision
then affirming such decree ii was direct
The 4nited states Should he that the decree be-
low be and hereby is affirmed. with liberty to the
Circuit Court to proceed In the executioh OF us
decree as the circumstances may require The
mandate upon such decision Of the Supreme Court
der the rules will not issue until the expiration of
thirty days from the date Of decision unless by
seventh Immediately upon the rendition, Of the
decision by the supreme Court of the nited states
affirming the decree Of this court. the individual
lies Company determined. without waiting for the
the mandate of the supreme Court ana
without any order of this court in execution Of It's
decree: to distribute and divide the stock of the
Great Northern and Northern Pacific Railway COM
panes held by the northern Securities S3 orbr
pro rata among the stocknolders or inc
Securities Company according 10 their holdings OF
stockholders of the Northern Pacific Railway Com
pany and the Great Northern Railway Company
Of these railway companies which the Northern
Securities Company originally received from such
transfer and assign the stock in either OF th7 rail-
NAV now be the holders and owners Of its own
stock originally issued in exchange or IN payment
t tRT such stock OF SAID railway companies ''
Eighth-Upon being Informed of such purpose and
Pacific and Great Northern Railway companies pro
curities COMPANY your petitioners submitted the
matter to counsel. and were advised that there
posed plan. The fact that they had been so ad-
ti6gers fo he Northern Securities Company With
request that the meeting of the board OF dl-
March q isoi Re Adjourned FOR a few days. so as
d afford opportunity for further consideration
by YOUR petitioners and their counsel hut SUCH re-
quest for adjournment not granted and az
such meeting held in the city OF New-Nork. on
said date notwithstanding said request Tor an iid-
journment submitted the following preambies
and resolutions adopted your petitioner. HaF-
rman being present a director Of said North
ern Securities Company but declining to vote. VIZ:
Whereas In the course Of ts business. this com
pany has acquired. and holds l3S7 .594 shares in
the capital stock Of the Northern Pacific Railway
Company and llsl. PAP shares in the capital stock
OF the Great Northern Railway Company; and
Whereas. In a suit brought by the United Stntes
against this company. the said railway companies
and others this company has been enJoned from
voting upon the shares 81 either OF the said rail-
WAY COMPANIES. ana each Of the said railway COM
panes has been enioined from paying 20 this com
pauv any dividend upon any OF the shares or such
railway company held by this company; ana
Whereas. This company has issued and there are
now outstanding 3.S5ip,o shares OF its own capital
stock. and
Whereas This company desires and Intends 20
comply with the decree in the said suit fuliy ana
unreservedly and without delay. . ,
Resolved. In consideration or the premises u u
declared necessary and desirable for this company
so 70 reduce its present capital stock as Will enable
Il without delay in connection with such reduction
TO distribute among its shareholders the shares OF
capital stock OF said railroad COMPANIES held by Il
Resolved That the board Of directors 81 this com
pany hereby declares It advisable that Article
OF this cOmpaEy's certificate or incorporation be
amended so as 20 read as follows
hereby reduced 20 S.s54.O". and shall hereafter be