New-York tribune., 1906-01-27
MISSOURI, KANSAS & TEXAS RAIL-
way COMPANY.
Odice Of Chairman OF the Board.
Es WALL STREET.
NEW YORK CITY. January IS 1908
To the Stockholders of the
Missouri, Kansas & Texas Railway Company

The Annual Reports OF the Company have made the
Stockholders ot the past conditions in the Com
panys financial organization. which have uecessitstsd
tAs application o. surplus net earnings 70
additional improvements bstterments and rolling stock
In the last report It stated follows:
Notes amounting TO s459153s are now outstanding
on this (equipmen) account and be paid from the
OF the unless capital provided
by some new form ot security should the
improving credit o. the corporation enable IN tho
future placing Of a debenturs preference stock
whsrevith the maturing equipment notes then
the consideration OF the question OF distributing part
os the annual revenues might be opportuns'
The improved credit OF the Company which has resulted
from the policy heretofore pursued the
management to secure on favorable terms the capital
CURED for the payment OF its equipment obligations and
the rehabilitation of the older part Of the railway which
long deferred. In general terms. this
templates the retirement outstanding equipment
notes and bonds reformation Of alignment. reduction Of
Grades and providing for otherwise speedily putting
property in condition for more economical operation.
The Directors have therefore determined % create
500 OOo GOO General Mortgage Four and Ons-half Per
Cent sinking Gold Bonds mature 1885, and 20 -
occurred by General Mortgage OF the lines OF railroad
equipment. franchises. and property of the Company
owned Of the execution o. the General Mort
rage or thereafter acquired by of the General
Mortgage bonds their proceeds OF these bonds Il Is
contemplated that S1OOO0oOO be Immediately IS
remainder to be reserved for future issue under
proper restrictions
In the event Of the approval this action BY tAs
Stockholders the special meeting which has called
10 be held on March g. 1906. Preferred and common
Stockholders OF record the OF Febru
ary 1906 viii have the privilege Of subscribing for
the sic General Mortgage Four and OuehaIs
Per Cent the Of thirteen per cent OF
their holdings OF stock the price OF eighyseven and
oue-haf 87s1 per cent and interest payable
In three insJalments as follows. per 81 900 bond:
$500 on March IL 1905;
$500 " May 12 1905.
S2T5 " September l.. 1909:
interest TO adjusted payasz,
iustaIlmeut.
Subscribers desiring 20 paw full may 90 50 on suy
insaIIment date under discount at Az per cent.
anuum.
The General Mortgage Bonds issued IN demon
nations $1,000 each. stockholders entitled
subscribe TO fraction ot Bond and have paid tho
nsalment in respect ot such fraction may, until
april T. 1905 consolidate fractions into even amounts ot
81 600. After April 1st 1906. such fractions
longer be consolidated. but the Company will refund
ana after the holders OF such fractional
certificates paid in respect thereof without
interest company itself viii sell fractions.
Proper subscription receipts be the time
o.; payment the Grst nstament of the subscription
Subscriptions must be made on forms furnished fCr that
purpose boy the COMPANY
such rights of subscription Will terminate the close
Of business on MARCH y 1906. before which time sub
s-r.ptioas lodged with the Company It's Once
In New York The entire subscription has been under
written by Messrs speyer Co.
For the purpose OF the spe1al meeting and OF ascer-
atnug the Of stockholders who shah be entitled
10 subscrilo % the bonds the stock transfer
bo5ks OF the Company the close of bust
ness on Friday. February ? 1900. and remain closed
until the opening business Monday March g. 1900
The Directors o. the Company deem 70 proper TO con-
rtuate the Stockholders upon the improved condition
of the COMPANY which able % command the
t.1 essential adequately company FOR the tis
charge OF its duties 20 public and to IT'S owners
BY order o. the Board of Directors.
HENRY {. ROUSE,
Chairman OF the Board.