New-York tribune., 1905-10-29
Financial.
New York. October . 1905
TO THE HOLDERS OF
First Preferred,
Second Preferred and
6 Common Stock
OF THE
ERIE RAILROAD COMP ANY
New York. October ., 1905.

On September 90 1906, the Board OF Directors
thorized s12o0OoOO of the -Four Per Cent
Convertible Gold Bonds OF the Erie Railroad Company
secured by its General Mortgage dated April l. 1903.
for the purpose. among other things as specified in
said mortgage OF acquiring than majority Of
the capital stock Of the Cincinnati
Hamilton & Dayton Railway Company
These new convertible bonds are TO be designated as
Series B. The be dated October /. 1905.
maturing April I 1853, with interest payable semi
annually April and October 1. and at the option
of the holder they be convertible at into
common stock OF the Company at 500 per share. at
time after and before twelve years from
the date of the bonds Their issue has been author
ICED Board Railroad Commissioners, to whom
application will be made 10 authorize the stock In
necessary for such conversion.
The General Mortgage authorizes the issue of $780,.
10000 ertible bonds s10.ooo0oO of such bonds
designated Series and convertible into common
Company therein stated) have
heretofore been issued and appropriated as proposed
in Erie Circular stockholders dated February 16,
1903. Upon the s12.OOOOOO Series bonds
above described. the total amount outstanding under
the said General Mortgage will be s22,O0oO0O The
General Mortgage covers the railroad, property and
franchises OF the Erie Railroad Company therein de-
scribed. and also will the Cincinnati Hamilton
Dayton Railway stock acquired with the proceeds Of
the Series 3 bonds.
There is offered the registered stockholders
of the Erie Railroad Company October Fl, 1905,
preferential ratably subscribe for and
take the sl2oOO,oOo Series bonds at and ac-
crued interest. The Company has entered into con-
with Messrs. j. P. Morgan & Co, Managers
of Underwriting Syndicate Gin which themselves
other members OF the Board of Directors are in
cluded), whereby the Underwriting Syndicate. for
commission Of "a cent OF the amount of said
,0O0, bonds. agreed take and
all said S12 100000 Series bonds which shall not
be by the stockholders under this offer.
For purpose of determining the right to sub
bonds the stock transfer books OF the
Company will be closed three o'clock P NJ. OF
October 81, 1905, will be reopened November l5
1885, a o'clock A. M
Only stockholders registered such the transfer
81, 1905, will entitled subscribe
for the Series B bonds Holders of First Preferred
Second Preferred or Common Stock will be entitled
subscribe for S6.75 Series bonds for each
s1oo par registered their Suit
subscription will issued each stock
holder specifying amount of bonds to which such
stockhoIder is entitled to subscribe
Payments for the Series b bonds to be made in
full on or before November 81 1905, at and ac-
crued interest The privilege subscription be
whole in part, and the warrants viii bear
In appropriate form of assignment for this purpose
subscription assignment thereof will be recog-
nized made the warrants furnished by the
Company
residing in Great Britain Europe may
make their subscription and payment at the office Of
Messrs j. S. Morgan Co., 22 Old Broad Street. Lon
don E. c.. England who authorized to receive the
same for transmission to New York at rate OF ex-
change of which due notice will be given
Holders of Stock Trust Certificates must exchange
the same for stock Certificates be able TO sub
scribe.
Bv order OF the Board Of Directors.
ERIE RAILROAD COMPANY,
Rv F d UNDERWOOD President.