New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-20
TO END R. R. SYNDICATE.
Managers VIII Distribute Vest Pr
gs1oia Central Securities Oct. Is.

Notice was issued yesterday by the syndicate
managers that the West Virginia Central and
Western Maryland purchase syndicate would be
terminated October 16, the unifcation Of the
system having been virtually accomplished. On
that date ell securities then remaining in the
managers hands will be distributed pro rata
For each $1,000 of syndicate subscriptions upon
which all calls have been paid subscribers will
receive $500 in general lien and convertible
bonds OF the Western Maryland Railroad Com
pany. with all coupons attached maturing on
and after April 1, 1906. and $3.50 in stock Of the
company
On April l. 1904 there were distributed So sos
600 of first mortgage bonds of the Western
Maryland. against a call of 10 per cent The
additional securities. to be distributed next
month, are S1OOO0,OGO Western Maryland gen
eraI lien and convertible 4 per cent bonds and
$15000G0G common stock Of the same road.
The Western Maryland Railroad Company has
acquired the balance outstanding of the stock
OF the West Virginia Central and Pittsburg and
Piedmont and Cumberland railways, and these
and three other roads will soon be conveyed to
the Western Maryland The owned line of the
latter company will after this action and upon
the completion by the close of the present year
Of its extension from Big Pool. opposite Cherry
Run, to Cumberland. the eastern terminus of
tend without break from its Baltimore terminals,
which have been completed and in opera
tion TO the ter1nip. Of the West Virginia Cen
trail at Durbin and Belingt7n, ". Va. The total
length of the system vii. be go miles. The
Western Marylar.i. it is announced. has COM
pleted the purchase of nearly 5000 acres Of
cokip.c Goa. lsrds the line Of the West Vir-
giria Central and the properties known as the
Weaver coal operations
The syndicate managers are Governor GIyron
T. Herrick. Winslow S. Pierce. Edward L. Fuller,
Alvin w. Krech. Howard Gould and Joseph
Ramsey If. The announcement OF the closing OF
the syndicate has no relation to the differences
between Mr. Ramsey and Mr. Gould it is de-
clared. as the decision to dissolve the syndicate
had been reached before Mr. Ramsey issued his
appeal to the wabash stockholders and debent-
ure holders for their proxies for use against the
Gould interests in that property.
The condensed and consolidated balance
sheet of the Western Maryland Railroad Com
pany, West Virginia Central and Pittsburg Rail-
way Company and Coal and Iron Railway Com
pany, covering the three years ended June 30.
1904, substantially the period of operation Of the
Western Maryland system under syndicate con-
troll. is as follows;
Cost Of property dneluding stocks Of proprte.
Investment chesapeake & Ohio canal 5S$
Current resources:
Due from foreign roads. agents and
As ss1a@s'9 and bins receivable. etc. sss5s
Se7. COS, 3s4
LIABILITIES.
Capital stock
Western Nd. r R Co. common. .s15 6s5 400
Western Nd r. r. co. pref------ S2+ 600
Bonded Indebtedness: ..
Western Nd. 1st mortgage. ...... .S31 925 600
Western Nd. gen. lien and CONT. 10000 900
Western Md 1st mtge- frac. scrip SIS
". Va. Central & Pitts 1st mtse. 925o000
-- az. 173 s76
Sundrv
Equipment funds a., 905
Current liabilities include unpaid vouchers.
pazrolIs coupons etcl observation-disclosures. 1577741
Int on 403. 154
Current propy companies Cbaance) 423
First mortgage bond .........-...-.
Income accounts 922
s67. Oos ss4