The sun., 1909-05-30
The Cincinnati, Hamilton &
Dayton Railway
Company

To the holders Of Central Trust Company
OF New York eerti Acates Of deposit repre-
sentinS a. per cent. notes of the Gin
einnatL Hamilton q Dayton Railway
Company, Issued under the Depo sit Agree.
nent dated December IL. 1905. and to
the holders OF said sndeposited notes:
After neg citations extending over a lonr period
plan OF resdJustment Of The Cincinnati, Hsmil-
ton q Dayton Railway Company has been pre-
pared. copies OF which plan. and the agreement
providing for the deposit with the Central Trust
Company OF New York. tho depositary therein
named. Of the aforesaid outstanding certificates
OF the Central Trust Company Of New York, may
be obtained from said deposltary. the members
Of the Committee. or the Secretary Of the Com.
uaIttee.
The Committee. believing that It 10 10 the In
terests OF tho holders OF said notes that sale
plan Be carried out. recommends that there bs
deposited hereunder, without delay. tho out
! standing certificates OF deposit OF the Contra
| Trust Company Of New York. suitable certin
Gates Of the Central Trust Company OF New Yori
Will be issued against the depost Of said out
| standing certificates OF the Central Trust Com
pony ofNew York. endorsed In blank for transfer.
As more fully appears from said plan
nv Tho control OF The Cincinnati. Hamilton 4
Day ton Railway system 10 TO be acquired by the
Baltimore d Ohio Railroad Company. and ample
capital 10 to be provided through securities to be
xusrsnteed by the Baltimore d Ohio Railroad
Company and Otherwise, to pay or secure all
claims or liens ranking ahead Of the ~ per cent.
notes. for construction and development purposes
and for working capital:
C:) The holders OF the aforesaid outstanding 6
A. III 80 q TAas ii Txr.~t Eau.
pany Of No~ York will recelve for each 81 1000
OF ho,es represented thereby 800 In cash and
81 900 OF new General Mortgage bonds. secured
by mortgage upon The Cincinnati Hamilton
Dayton system: the said bonds are TO draw In.
terest. represented by coupons. a. follows: <LsS
dependent upon income until July /, 1911: lTc
nIed and 3l1.t dependent Upon income until
July l. 1910; SIS nIed and its.b dependent upon
Income until July I. 1915; thereafter 4la'S nxed:
OD During the month OF July, 1915 COR sooner
10 the event OF the earlier acquisition BY the Bal
more Ohio Railroad Company OF the controlling
stock OF The Cincinnati Hamilton Dayton Rail-
way Company. the Baltimore 4 Ohio Railroad
Company will, upon demand Of the holders OF the
General Mortgage bonds-unless said General
Mortgage bonds shall have been sooner redeemed
and psid-either (a) pay IS per cent. In cash and
accrued interest for said bonds. (b) Issue In ex
change therefor new per cent. coupon bond
secured by said General Mort & age and guarante
as TO principal and interest by the Baltimore and
Ohio Railroad Company; tho Baltimore Ohio
Railroad Company to elect whether to make such
purchase or such exchange:
az The Baltimore Ohio Railroad Company
may prior 10 July 1. 1915. substitute for the
General Mortgage bonds above referred to new
bonds Of like amount. secured by said General
Mortgage. bearing Z per cent. nIed interest and
guaranteed. principal and Interest. by the Bslu-
more Ohio Railroad Company:
ts) All expenses Of the Committee are to be
paid. and no barge therefor shall be made araiust
tho depohting noteholders, and nominee OF the
Committee Is 10 become . member of the Board
of Directors Of The Cincinnati, Hamilton d Dayton
Railway Company.
For the purpose Of enabling the holders Of un.
notes to share In the benefits Of said
plan. the time for the deposlt Of said notes with
the Central Trust Company Of Now York. under
the agreement OF December II. 1905. has been
extended until the close OF business Oh June -.
1909.
Dated May -. 1000.
j. n. WALLACE. Chairman;
HARRY BRONNER,
p. 8. sMITHERs.
HENRY o. REDMOND.
JOHN II. hcCLEAENT.
Committee.
?. L. BABcoCK, Secretary.
81 Wall Street, N. Y. City.
JoLINE. LARKlN 4 RATHBoNE. Counsel.