New-York tribune., 1908-12-03
FRISCO SELLS BONDS
SPETER & co. GET ISSUE.
se9 600 900 General Lien IS to Meet
Maturing Notes.

ne = Louis & San Francisco Railroad Company
.,orrccd yesterday that Il had solJ Ss00oaoO0 of
:. rsre-si lien Per cent gold bonds Of 1897 an
-s-ior which Eiil enable TO meet its note
-. maturing IN the coming wear and To clear m
= - Is floating Indebtedness and which viii in
s.,.srr --o-f6e e with funds 70 the amount oF
- sa aao eao. Il is understood The transa c+io7
- n the comprehensive Plan Of huancinT Of
r--ssro II which the execution of the sls Olo 6sa
- lien mortgage n August. 1907 was the first
4. -ote5 II Inc Tribune yesterday. the operation
a. - srhsra1risl e6Vsntaee also TO the Rock Island
..-e xii ~ relieved % the burden Of standing as
.-s-e-tc- fsr the -Frisco's obligations. The bonds
=. rae- sod 70 SDever & Co who are forming =
=5-7-e ra- underwriting them With Spever &
- vr0 are 70 be the syndicate MANAGERS are as
sors-e5 in ire operation speyer Brothers. Of Lon
So T.szsr6 S0eyer-Eilissen & CO. of Frankfort:
=. 0e-rsrhe- Bank Of Berlin. and Teixeira de
s-s--o= brothers OF Amsterdam
~-ss- -~anv applications. II Is understood have
.-ss5r been received from financial institutions
.--e~s and brokers in she United States and from
- s7 London Paris. Amsterdam and other
v-,-eg- -i-..S fer participation II Shs syndicate
= circular issued hy The syndicate managers
e. .zsz -rs- the syndicate VIII continue until No
- Z -aaa unless sooner dissolved by the man
- TIE bonds are offered 70 pa-ticipants in
= s--5fca-e - s.. and the managers say that as
= -7-4s-o company has given them certain com
---ss-f-1s they riu charge only one-half OF ! per
s-- commission OF the bonds sold.
Loeb Co. Who N October undertook
----z f7- ~ paruenc q the S7f24aa0 Frisco
80 -~=--.-s-r or December = were said n good
-..--s-s On Tuesday be the prospective prr-
--sss-z - t-e big bond issue about 70 he brought
a. - The E--s-o. but fl s-ateraenr issued yes
.-ss- they EXPLAINED that as their examination
- --e ---si~a- condition of the property had not
- -----1A-e7 znS The -or71suv had ex-
-szea- rs desire ro proceed with the sale of the
rs-s-=- len bonds n other bankers from whom
: ls5 received offers. Kuhn. L.oeh 6 Co had tx
--ssses their zz--zfscrion with that course
p e ira Has- opinion the Street that the sale
~ NE Hc-5s u SPeyer & Co. instead Of 70 Kuhn
-oe1 4 - VII have no disturbing effect upon
- -s----i-us relations which we're established
1e-z-sa~ --= Rock Island and Hartman interests
49, ne financing of he Frisco note Issue recently
b- Ernr. T-74r < c.
z-e--- & c. have been the bankers Of the old
ven -a- company -=sued $50 0oo ooo general mort
rzrz IS ard since Tle owners took control
see < f-- have taken and have placed the re-
---5f-E re~ ceu- bonds and other issues and
-=-e< S0eve- hsz becu1ae = director ot the Rock
Is-sr5 -c--psr-- Heretofore Speyer e Co have
ro- 1==- --=-as-e5 y -he Frisco finances and this
Is re 1rs- --1- 1h= z-m snd its European con
-e--l-1s have purchased s. Louis & San Fran
ras-0 bonds
-E= general -te- bonds. Of which +he $4,000 eoa
czez- ~ S1e-e~ 3 Co ara part in addition 70 BE-
-s- Frz--lsco mes vii becorns. outstanding
o5rza-rs nature aud paid out Of the proceeds
of rhe general le1 bonds during the next three
-ez-z Itez -.526 45 miles of operated rail
-os5- including t1e lire q The s.. Louis Memphis
2 scu-rszs-s-r between = Louis and Memphis.
rti-r IS -s5l5ly becoming c1e q the most impor-
- t--es = -he system.