The Washington herald., 1908-01-02

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dent. w. A. Garrett; directors, James A.
Blair. II. Rieman Duval. n. S. Meldrum.
II. Clay Pierce, Ernest Thalmann, Y.
Wander Berg, b. F. Yoakum. New York;
7. Jefferson Coolidge, jr., Boston;
Thomas b. Ryan. oak Ridge. Va; Town
send Scott, S. Davis Warheld, Baltimore;
c. Sidney Shepard, New Haven. George
W. Watts. Durham. y. c.: James II.
Dooley, Richmond; w. A. Garrett, Nor
folk; Norman B. Ream, Chicago.
The railway company is Virginia cor
poration and its general Offices are in
Portsmouth. Va.
The SeabOard Company has paid divi-
dends only on its first preferred stock
since the organization OF the company.
This stock is ~ cent. noncumulauve
until 1910, therefoa cumulative dividends
were paid in JuIys 1906, and January and
July 1907.
stock All Issued.
OF the $62OO0,OOO stock Of the Seaboard
Air Line Railway Company, there is out
standing s25.OOO.0gO preferred and S37. 10000
common The preferred is entitled to 4
per cent noncumulative dividends. after
which the common Is entitled TO per
cent. No dividends have as yet been paid
Both classes Of stock are deposited in a
voting trust until 1910. The trustees are
John Skelton Williams, Thomas +. Ryan,
James A. Blair. T. Jefferson Coolidge. jr.
5. Davis Warfield, John B. Dennis. B. +.
| Yoakum. and II. Clay Pierce.
The SIS. 900 100 bonded debt OF the rail-
way company IS divided Il to three classes
The interest on none Of the bonds natures
this month. nor is there due the principal
Of any Of them. Last January the COM
pany sold IN addition to the S5S000, 900
then outstanding $4,000 collateral trust
thirty-year gold IS.
Interest Soon Due.
! A serni-annuai installment Of interest on
these is due February ] at the Morton
Trust Company. There are, however. pay
ments Friday on gold equipment bonds
and equipment trust certificates.
! Blair q Co. and Ladenburg. Thalman
& Co, bankers. Of this city. both OF
whom have acted as fiscal agents for
! the Seaboard, gave out a statement to-
/ day in which they offered to pay interest
| coupons due January ] on the bonds OF
various of the subsidiary companies and
equipment trusts and equipment bonds Of
! the Seabosrd Air Line Railway Company
/ maturing Thursday or Friday The offer
was made after "A long conference be-
1 tween representatives Of the banking
houses and Seaboard interests this after
noon. The statement reads.
! In view Of the impending defaults by
/ the railway companies hereinafter men
/ toned. tn the payment of interest upon
/ the hereinafter mentioned obligations
/ due January J. 1905. and in order that
I 8a int ff..
! Railway system may be maintained pend
/ ing an opportunity for the formulation
/ of proper plans for the readjustment Of
/ its affairs, The undersigned. for them
selves and their associates. hereby offer
/ 10 purchase, at face vaiue. the interest
coupons maturing January !, 1905, repre-
senting interest upon any Of the herein
after mentioned mortgage bonds, also
/ such Seaboard Air Line Railway a. per
cent gold equipment bonds. series G. as
mature January /, 1905. and coupons. ma
turing January l. 1SUS. representing inter
7 est upon said mentioned gold equipment
! bonds series @; also Seab0ard Air Line
1 Railway equipment trust certificates.
] series X, Nos. 1 70 u, both inclusive. the
same being such Of said issue Of certif-
/ Gates as mature January ], 1908, md divi-
/ dend warrants, payable January ], 1903.
representing dividends on said mentioned
equipment trust certificates. stries X:
provided, such coupons. warrants. bonds.
and certificates shall be rendered for pur-
chase as aforesaid ar the offices Of the
Morton Trust Company, in the city OF
New York, on or before the 9th day Of
February. 1905
Purchases Were Made.
said purchase will be made solely for
the account of the undersigned and their
associates. and said obligation. after DUP
chase, VIII remain subslstiug obligations
Of all corporations and others now liable
thereon Any of said coupons, warrants.
and equipment trust bonds and certificates
may also be rendered for purchase as
aforesaid. at the Office Of The Conti-
mental Trust Company. in the city of Bal
timore. Nd, and viii be received by said
company for the account Of the under
signed and their associates. and said in
struments viii be forwarded TO said Nor
ton Trust Company, in the city Of New
York, for purchase. as aforesaid, without
charge to the present holders thereof"
Bonds Have Matured.
The bonds bearing the coupons matur-
ing January !, 1905, are as follows; Sea
board and Roanoke Railroad first mort
gage 3 per cent bonds, Raleigh and Gas
ton Railroad Company first mortgage 81
per cent bonds, Raleigh and Augusta AIT
Line Railway first mortgage 8 per cent /
bonds, Carolina Central Railroad Com
pany first consolidated mortgage 4 per
cent bonds, Georgia, Carolina and North
ern Railroad Company first mortgage 3
per cent bonds Georgia and Alabama
Railway first consolidated mortgage 5 per
cent bonds, Florida Central and Peninsula 1
Railroad Company first mortgage . per
cent bonds, Florida Central and Peninsula .
Railroad Company first mortgage land
grant extension ) per cent bonds. Florida T.
Central and Peninsula Railroad Company
first consolidated mortgage per cent
bonds, Florida West Shore Railway Com +
pany first mortgage 3 per cent bonds.
Also 10 the holders of such of the fol- /
lowing-named bonds and certificates as
mature January l, 1905, viz: Seaboard Air .
Line Railway fI2 per cent gold equipment .
bonds. series G; Seaboard Air Line Rail-
way equipment trust certificates. series. K. 1