New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-22
New York, October 2. 1905.
TO THE HOLDERS OF
First Preferred,
Second Preferred and
Common Stock
New York. October 2. 1905.
ERIE RAILROAD COMPANY

On September 90, 1905. the Board of Directors au-
thorized the issue of 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 specified
said mortgage, of acquiring than majority Of
the shares of common capital stock Cincinnati
Hamilton Dayton Railway Company.
These bonds are TO be designated az
Series B. The bonds dated October / 1906
maturing April l. 1853. with payable semi
annually on April and October l. and option
Of the holder they be convertible at par into
common stock of the Company at $50 per share. at
time after and before years
the date OF the bonds Their issue has been
tied by the Board Of Railroad Commissioners
application will De made authorize the stock in
crease necessary for such conversion.
The General Mortgage authorizes the issue Of $50
100000 ertible bonds $4,000 OF such bonds
designated Series and convertible into common
stock OF the Company ct so therein stated) have
heretofore issued appropriated as proposed
Circular stockholders dated February It.
1903 Upon $4,000 900 Series B bonds
above described. the total outstanding under
the said General Mortgage will be S22.oo0.0O0. The
General Mortgage the railroad property and
franchises OF the Erie Railroad Company therein de-
scribed and also Will Cincinnati.
& Dayton Railway acquired proceeds Of
the Series bonds.
There offered to the registered stockholders
of the Erie Railroad Company October 81. 1905. a
preferential opportunity ratably and
70 take the S12.0OO,OO0 Series par &C
crued interest The Company has entered into con-
tract with Messrs. J. P. Morgan & Co, as Managers
of Underwriting Syndicate Gin which themselves
and other members Of the Board Of Directors
cluded). whereby the Underwriting Syndicate. for a
commission OF u per OF the par said
l2.00o 600 Series bonds has agreed to take
all said s12 100000 Series bonds which shall not
be taken by the stockholders under this offer.
For purpose OF determining the right sub
scribe 10 said bonds the OF the
Company Will be closed three o'clock P. NJ on
October 81, 1905 and will be reopened November 10,
1906, o'clock A NJ.
Only stockholders registered such the transfer
books on October 81 1905. Will entitled subscribe
for the bonds. Holders OF First Preferred.
Second Preferred or Common Stock will be entitled
to subscribe for S675 the Series bonds each
500 par stock registered in their name Suit
able subscription Will be issued TO each stock
holder specifying the OF bonds which such
stakeholder entitled 70 subscribe
Payments for the Series b bonds to be made in
full on or before November %. 1905, at and ac-
interest The privilege of subscription may be
sold whole or part and the warrants will bear
an appropriate form of assignment this purpose
No subscription assignment thereof VIII be recOS-
nired unless made on the warrants furnished by tho
Company.
Stockholders residing in Great Britain or Europe may
mako their suhsrriution and payment Mt the Office Of
Messrs J. g Morgan Co.. % Old Broad Street. Lon
don T. G. England. who are authorized to receive the
snne for transmission to New York at a rate Of
change NJ which due notice viii be given.
Holders ~ stock Trust Certificates must exchange
the sor for sock Certificates TO be able
scribe.
By order ofsthe Board Of Directors
ERIE RAILROAD COMPANY,
BY F. D. UNDERWOOD President