The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-01-14
.SE:|A||IB|||IO|:|.A|.R|i|.D|'.!||HP|l|A|N|l|..
|sNAD /; ! PUBLIC Jig
Nelv Securities TN Be Isst,ed i,
rlirce Class AggTega Ing.
Seventy-tWo lions. II
INTERESTS ARE R I, HARMONY . Y {
INTERESTS i i I Ar RE|l N !, !, HARM oNY'
g.
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Al toPTho Ti1nes-DiSpatch.)


Special to Tho Times Dlspatch)
NEW 5tiY DIRK, Janua ary & 13.--:lho formal
:planS for %unlfylng and conso oldsltlng the
seaboard system and ITO provIde 3 4 Ssfurt theri
capita. was II Issued ssto- day The com
n1itteo announces the I IL Is $ac ting Sat the
request OF i q ( ma jority of9 tho stock, as
vel Il q & 4 he board $or q irectors, Of
which all the commit tee Sare members.
"A Tho views of the al fferent Interests ap-3
pear to hay been harmonizud lin tho.
making Of the plan. & Is Understood
that, all interests heartily favor tSatld Y
that the co operation OF over seventy-tivea
per- cant. of tho stock las been pledged. .gss
95 The committee consists q llpn1ns lT,3 Ia,
Ryan. chairman james a. Blair Ernst
sThalntann, James Fl. Dooley n Y. Y j efferscl
Coolidge. III, q, Z, sidney Shepard and S.
Davies sVarfleld .s,i 35ai iS3
|, The capital V q I he company II rear
ranged, tI,liestotal authorized. stock issues
follows %f 8j 4
" s First preferred five per cent. stock #
* authorized SIS. 100000, OF which only q
Il 81, 7,6o5 900 Is TO she issued mt present., Il
5altji Second n preferred. d.ssslion-cumulative s8
8g six nor cent. stock authorized, SIS
N 900, 900. q s t ii 9 x VI
Il Common stock uthorized, ssG, 10000
"a Tho present 8proforred stock holders are
Ito set seVenty-flvc per cent, Of ftIthcl.,!
present holdings iii new preferred s. or!s.
ana the present common stockholders q; o.
to get seventy five per cent. IN new CONS
mon st tock. "A Ii. .i * a i 81
Tho 81 6aa5 900 or the new first prefer-ad
stock to be Issued at the present TING.
Is to boT offered to tho present prDrnrred
and common stockholders ut par With3an
equal bonus Of common stock ~. ,Es lla cii
preferred and common stockholder Will
be offered sl26O par. value Of the new.
first preferred stock, With nE bonus h Of
4 $3.50 Son common stock for 2,5O III cash
on each share of stock ownsd bys him.
a syndicate is Il, underWrlte the en-
& tire new preferred! stock without I commits
sion or compensation, and to take such
or At as Is not subscribed for by the
present Stockholders, on the same terms
on which 1t Is offered to the sfockllold-
{ers VIZ ~ 3ssy "a! lf n ,39s s ss,., b, y. III
rhe balance 5of lnntely5 slo, 600, ,Gno
OF ;i,e new first preferred STOCK ca anllot
Sbe Issued ,below par, and then only under
certain restrictions and lis 70 remain IN
the. treasury. IN 46 9yss5t5 ri RE # ~
The new money II to he used toward
sliauldatIng the floating debt aNl for inl-
Eproyements, acknowledgements. extensions, u q
,iphe Morton Trust Company Is made the
depositary. with the fspntinentals TRUST
Company. Of Baltimore, as agent OF sub
;depositary, Deposits are REQUIRED to hai
lmade not later than February 18th, and
tho certhcatlon Of deposit are Intended
to be listed On the New York and Baltl-5
more Stock Exchanges 4,
The present voting trust may be dis
solved, hut the comlnittee reserves Ne
ErlKht to create II new voting trust, limited
ito9not moro than five years. s3y3 u
u iq,he plan Si,etl5 completed. will cpnsol,.s
date the different properties Of The Sea
board COMPANY, into ~ sinsles corpora tloil,s
and III yIeW OF tho owe efwhelming support
alreadys secured for tile plan before us
issue. IL 81 lSsas-s--iS ~ ass.irell ssg