New-York tribune., 1905-11-24
To THE HOLDERS OF
First Preferred,
Second Preferred and
Common Stock
ERIE RAILROAD COMPANY

On September 20 1905. the Board Of Directors
thorized the issue s12.oo0Ooo 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 in
said mortgage. of acquiring than majority of
the shares of capital the Cincinnati
Hamilton & Dayton Railway Company
These convertible bonds are o designated as
Series b The bonds be dated October 1. 1905.
maturing April ]. 1858, with interest payable semi
annually April October /, and option
of the holder they be convertible at par into
common Company $50 per share at
any time after and before twelve years from
the Their issue has been author
ized by the Board of Railroad Commissioners to whom
application viii be made to authorize the stock in
necessary for such conversion
The General Mortgage authorizes the issue of $50,
100000 convertible bonds s1o.oooooo of such bonds
designated Series A and convertible into common
Company 80 therein stated have
heretofore been issued and appropriated proposed
the Erie Circular stockholders dated February 16
1903 Upon the sl2.0OO,OOO Series bonds
above described the amount outstanding under
the said General Mortgage will be s22,o0O,o00 The
General Mortgage the railroad. property and
franchises Erie Railroad Company therein de-
scribed and also will cover the Cincinnati, Hamilton
Dayton Railway stock acquired with the proceeds of
the Series 3 bonds
is now offered to the registered stockholders
of the Erie Railroad Company October 81, 1905.
preferential opportunity ratably subscribe
to take the SI2, 900 900 Series par
crued interest The Company has entered into
tract with Messrs. J.. p Morgan & Co. Managers
of an Underwriting Syndicate lin which themselves
and other members of the Board OF Directors in
cluded). whereby the Underwriting Syndicate, a
commission of Il cent OF the amount of said
s12oe0 900 Series B bonds, agreed to take
all of said s12,o0o00O Series bonds which shall not
be taken by the stockholders under this offer.
the purpose of determining the right to sub
scribe bonds the stock transfer books of the
Company Will closed at three o'clock p NJ
October 21, 1905, and will be reopened November 49,
1905, a o'clock A. M
Only stockholders registered such the transfer
1905. will entitled to subscribe
for Series b bonds Holders Of First Preferred,
Second Preferred or Common Stock will be entitled
TO subscribe 1918 of the Series bonds for each
800 par registered in their Suit
able subscription will be issued TO each stock
holder specifying amount OF bonds TO which such
stockholder is entitled to subscribe
Payments for the Series bonds to be made in
crued interest The privilege of subscription
an appropriate of assignment for this purpose
No subscription assignment thereof will be
nized unless made the warrants furnished by the
Company.
Stockholders residing IN Great Britain Europe
make their subscription and payment at the office of
Messrs J. s Morgan Co.. 22 Old Broad Street. Lon
don II C. England who authorized to receive the
same for transmission New York at rate of ex-
change of which due notice VIII be given
HoIders of stock Certificates must exchange
the same for stock Certificates to be able to sub
scribe.
Bv order of the Board of Directors,
ERIE RAILROAD COMPANY,
Bv F D. UNDERWOOD President