New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-15
Financial.
ERIE RAILROAD COMPANY

On September 20. 1905. the Board of Directors u
thorized the issue Of the Per Cent
Convertible Gold Bonds the Erie Railroad Company
secured by its Mortgage April 1908.
for the purpose. among other things specified in
said mortgage Of acquiring than a majority Of
the shares OF common capital stock OF the Cincinnati
Hamilton & Dayton Railway Company.
These convertible bonds be designated
B, bonds are to be dated October L 1905,
maturing April I. 1853 with interest payable semi
annually April l October l. and at the option
OF the holder they be convertible par into
common stock Of the Company at $50 per share. az
time after and before twelve from
the date OF the Their issue has been author
ICED by the Board OF Railroad Commissioners to whom
application viii be made authorize the stock in
crease necessary for such conversion.
The General Mortgage authorizes the issue Of $780,
100000 ertib!e bonds. $1O00O,O00 bonds
designated as Series A convertible into common
stock the Company therein stately have
heretofore been and appropriated proposed
in the Erie Circular stockholders dated February H.
1908 Upon the S12.o00J0- Series B bonds
above described, the landing under
the said General Mortgage will S22.000.000- Tho
General Mortgage 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 o.
the Series bonds
There now offered to the registered stockholders
of the Erie Railroad Company October 81 1908. a
preferential opportunity ratably subscribe for and
take the SIP 100000 Series bonds par
crued interest The Company has entered into
tract with Messrs- J. P. Morgan & Co. Managers
of Underwriting Syndicate Gin which themselves
other members OF the Board OF Directors In
cluded). whereby the Underwriting Syndicate, for
per cent OF the amount OF said
81, 10000 bonds. agreed take
a. of $I2.O0000 Series which shall
be taken by the stockholders under this offer.
For purpose Of determining the right 70 sub
scribe said bonds the stock transfer books of the
Company Will closed three O'Clock P. NJ.
October 81 1905. and will be reopened November Is.
1905, at ten o'clock A NJ.
Only stockholders registered such the transfer
books on October will be entitled subscribe
for the Series bOnd-. Holders Of First Preferred.
Second Preferred o. will be entitled
TO subscribs for S675 the Series bonds for each
500 par value of stock registered their Suit
able subscription warrants Will be issued TO each stock
holder specifying the amount Of bonds to which such
stakeholder IS entitled subscribe
PAYMENTS for the Series bonds al to bs made In
fUII on or before November %. 1908, at par
crued interest. privilege of subscription may be
sold in whole part, and the warrants will bear
an appropriate of assignment for this purpose
No subscription assignment thereof will be recOg-
pfzed unless made on the furnished by the
Company.
stockholders residing Great Britain Europe may
make their subscription and payment at the Office of
Nessrs J. S. Morgan Co, % Old Broad Street. Lon
don r O. England, authorized to receive the
some for transmission New York at a rate OF ex-
change of which notice will be given
Holders of Stock Trust Certificates must exchange
the same for Stock Certificates to be able to sub
scribe.
Iv order Of the Board OF Directors.
ERIE RAILROAD COMPANY,
BY F D. UNDERWOOD. President