New-York tribune., 1922-07-19
vTHANCIAL
ReoTgsniYtion Of
MISSOURI. KANSAS q TEXAS
Raj. WAY COMPANY
TO HOLDERS OF


xi,ion IN the Consolidated Cause entited
Central Union Trust Company OF NC"
York. Plaintiff, against Missouri. Kansas
a Texas Railway Company, Defendant, IN
Fouity. No. <s64, Consolidated Cause, OF
IN any Of the constituent causes thereof or
which have arisen or may arise alter tne
entry Of the decree Of foreclosure and sale
by said Court in said Consolidated Cause
fb) claims against The Missouri. Kansas &
Teas Railway Company Of Texas wnieih
have been presented IN accordance win
orders Of the District Court OF the lnited
States for the Northern District Of Texas.
a, Dallas. In the Consolidated Cause en-.
titled Central Union Trust Company OF
New York. Trustee. Plaintiff Y. The Mis-
sour. Kansas e. Texas Railway Company
OF Texas. Defendant, In Equity, Consoli-
dated Cause No. 2794-50. or IN any Of the
constituent causes thereof. or which have
arisen or may arise after the entTy OF ne
decree OF foreclosure and sale by SAID
Court in said Consolidated Cause and
(e) claims against The Wichita Fails *
Northwestern Railway Company which
have been presented in accordance with
orders Of the United States District Court
for the Western District Of Oklahoma m
the Consolidated Cause entitled Orited
States Mortgage and Trust Company ana
Calvert Brewer, Trustees, Plainiits'
agairft ne " iaNltd Ialio a WI 81 ~ Nftrt'
Railway Company. Defendant, In Equity,
No. sos. Consolidated Cause, or in any o.
the constituent causes thereof, or which
have arisen or may arise after the entry
OF the decree Of foreclosure and sale by
said Court in said Consolidated Cause
other, in any case. than claims IN respect
Of bonds or obligations dealt with under the
Reorganization Plan hereinafter described OF
in respect OF any q the following bonds;
~ De- tfrIH Hnnde
OF Texas & Oklahoma Railroad Com
pany:
FIRST Mortgage Five Per Cent. Gold Bonds
OF The Sherman. Shreveport q South
ern Railway Company;
FIRST Mortgage Five Per Cent Gold Bonds
OF The Beaumont & Great Northern
Railroad:
FIRST Mortgage Five Per Cent: Gold bonds
Of Houston & Bfazos Valley Railway
Company.
Holders Of claims as Aforesaid are here
matter termed General Creditors.
General Creditors may deposit assign
rnents of their claims in such form as J. q
w. S.hgman & Co. and Hallgarten Co,
Reorganization Managers under Plan and
Agreement dated November ]. 1921, for the
REORGANIZATION Of the Railway Company
1h,reinafter together termed the Reorganiza-
tion Plzn) may prescribe, with Columbia
Trust Company. Depositary. No. 90 Broad
w.v. New York. or with Mercantile Trust
Company Of ST. Louis. the Agent Of said
Depositsry, No. 72l Locust Street, ST.
Louis. Missouri. on or before September
IS. 1921
General Creditors 50 assigning their
claims. unless ciecting 20 exercise the night
Of subscription hereinafter set forth, VIII
receive IN respect OF such assignment the
registered receipt Of the Depositary when
will enttle the owner Of such receipt on the
contamination Of the Reorganization ran
and on the surrender OF such receipt, ouiy
stamped. 70 receive when issued and feady
for delivery. for every one hundred dollars
Of the amount Of the claim so assigned, and
forming the subject Of such receipt,
C) one.third OF share OF Preferred
Stock (of the par value oi 500 per shate)
Series A, Seven Per Cent. OF the Ne"
Company described in the Reorganization
Plan hereinafter termed the New Com
psny) and -
az twothirds Of a share Of Common
Stock (wiihout nominal or par value) Of
NJ. ,erp'- he amount Of the claim SC
a.signed. shall, Tor all the purposes OF tins
ofer. be deemed 20 mean the amount o.
,ueh claim as finally allowed and established
In the cause in which such claim shaii nave
been presented. including interest 10 Januafl
/, 1922, but exclusive oi interest aiter 'ha'
date. H..
General Creditors so assigning theii
claims. in lieu Of receiving the registered re-
e,ipt OF the Depositary above mentioned
MAJ al their election, which must be eK'
,reised AZ the time Of deposit, subscribe N
respect Of their claims so assigned 20 bond'
and common stock Of the New Company
IN the amounts, Of the character, al the sub
scription price and on the terms heieiheilel
stated. and in that case viii receive m re-
tpect OF the clam 50 assigned and OF sucf
subscription a registered Subscription War
rant which will certify that the person ~
whose name such Subscription Warrant Is
issued on making, IN accordance with sIci
Subscription Warrant. the payments called
for BY such Subscription Warrant, WILL on
the completion OF the Reorganization, and
upon the hnal allowance or establishment, N
whole or In part, Of the claim 50 assigned
II not already finally allowed or established
be entitled on the surrender Of such Sub
,cfipton Warrant, duly stamped, 20 seeuri
ties Of the New Company as specihed II
such Subscription Warrant.
General Creditors viii not be entitled e
exercise such subscription rights as 20 par
only Of the assigned claims, but al sucf
subscription rights. II exercised. must b
exercised IN whole and In respect OF the en-
tire amount Of the claim 50 assigned.
The Subscription Warrants viii call ioi
the payment Ia cash Of a subscription pfic,
which shall be in all cases an amount equa
10 eighteen per cent. NsSs) Of the amount
OF the claim 80 assigned. payable forty pei
cent (40s, Of such subscription price al th'
time OF deposit. and the remainder IN three
equal insialments each Of twenty per cent
(70',) Of the subscription price.
No creditor depositng his assignment vii
be entitled 20 the issue Of Subscription War
rants without making. az the time OF De
posting the assignment OF his claim, pay
nent OF the first instalment called for BY th'
Subscription Warrants, viz. 4O'o OF INT
smoun, Of the entire subscription price.
Psymen, Of the remaining instruments vii
be required % be made az intervals Of no
iess than thirty days and must be made on
the call oi the Reorganization Manager
given By publication IN a newspaper ot gen
erai circulation in the Borough Of Manhai
tan, in the City Of New York, New York
and in a newspaper Of general circulation u
the city OF 81. Louis, Missouri. twice n
each week for two successive calendar weeks
beginning on any day OF the week. the fifsi
publication 10 be not less than fourteen
dsys prior 20 the date or dates Of payment
All payments must be made IN New York
funds Al the Office OF Columbia Trust Com
psny. Depositary, No. 90 Broadway. New
York. or az the Office OF Mercantile Trust
Company Of 81. Louis Agent Of said De
po,tsry. No. 77i Locust Street, 81. Louis
spective Subscription Warrants which for
that purpose must be produced at the time
of payment.
Failure 20 make payment Of any install
nient when and as payable viii forfeit all
rights In respect Of prior instslments paid
and otherwise under the Subscription War
rants under which default shall have been
made and 10 the assigned claim and al rights
under the Reorganization Plan and under
this offer and such Subscription Warrants
shall thereupon become void and Of no effect
for any purpose.
II any assigned claim. the holder Of which
shzli have elected 70 exercise such sub
,soripnon right. shall no, finally be estab.
hshed IN any amount. the instalnents paid
On account Of the subscription price. IL not
forfeited in accordance with the foregoing
provisions. win be returned. without interest.
upon surrender of the Subscription Warrant
issred in respect thereof properly endorsed
ard afsnrpN1 ar1 fts~eofts~ ii. l.