New-York tribune., 1922-12-14
frisco Road
TO Acquire
|. G.. n. Stock
!, Important Consolida-
:, an Of Carriers Arranged
:nce the Present Trims
..r,a,ion Act Became Law
.biect to C.C.ApprOval
,.,.,us,ional Great North
.,rR.R. Will Get Approx
;ms,eIy S26.75 a Share

-. s-,portant railroad consoli-
- -. 49,. ne enactment Of the pres
stsa t...-...rtstioh act was arranged
.. u.-.f fhs,ueen the st. Louis-San
ss.rfoN pslvay Company and tho
frantass Great Northern. Under
.tisIpl-er n ske plan agreed upon, the
D. y. 49, - IIs.srnstionsl Great North
SltNgN. .rbIsst 10 the approval Of
N te.-, "a Commerce Commission
he in,s,s.. i,,.., a majority Of the vot-
nd no.o.', 10Y. ,,,rtifcates, will be trans
ag ~. IA Frisco for a price OF
erred s.sir s26.75 a share.
PPI..Iske sale were finally agreed
IsI irciors Of the two roads et a
s5s me Offices OF the Frisco. at
5R.,svav Z. y. Brown. chairman
NfTriseo board Of directors. in his
n announcement Of the deal indi-
- the adjustment bondnoldors
-. International Great Northern
b provided for. His statement
a<,.h,.et 70 the approval OF its stock
-. and that OF tho Interstate Com
-. Commission, the 81. Louis-San
s....,.eo Railway Company has pur.
800 and. subject 20 the approval Of
z. kslssrs Of majority Of the vot.
+, trust certificates, MessTs. willard
fKIng, James Speyer and frederiek
s.rss. voting trustees, have sold the
-, espltal stock, S7,5000 900, Of the
.-...,,.,tjonal Great Northern Railroad
ANY (the reorganized company
Z, ,tock having been deposited ac-
..,rg TO the reorganization plan un'
voting trust giving the votin9
Sues the power Of sale.
Il, price Of sale is such as TO me-
/. ,ertifcate holders approximately
AS per share. ,
sshiect likewise 20 the approval Of
a. ,loekholders Of the St. Louis-San
,-.,.seo Railway Company and OF the
...,.ssie Commerce Commission, the
I i,ris-san Francisco Railway Com
, - vill offer 70 adjustment bond
- Of the International-6reatt
s.-hsrn Railroad to guarantee that
-. ne calendar years 1924, 1872
~ 80 1927 (the adjustment bonds
-. p. cumulative January /, lyZo).
4. E,,,lbudon on the adjustment
- L for each Of those years shall
=, 4. less than 3 per cent per snIiaia l...
/. ,,,,ideration Of which the ADJUST
=, hosdholders accepting such ouer
~ M T.. 80 h the st. Louis-San Francisco
w, 80 Company thc option TO pur-
~. 49, Isir bonds until January i, 1873.
]. IA I'D accrued interest and there
~, a ptr and accrued interest,".
-. si,s,vi,nee Of this offer is entirely
.,,Ss,sry On the part Of any adjust
n's. l.,.i.iii.r v;l Of the I. & c. n. By the
p.,.,. H., not conform TO the recon-
,..si,,isv rilined in the tentative
.-,si,i,.iss plan Of the Interstate
c.-~fr,, Conmission. Under that
,r-,r-est rhich is voluntary on tnc
M n az road, frisco is linked up
"a he 81 Louis, Southwestern. the
fflrrs 4 Alton and tho Missouri,
Esras 4 TexeH. The lntornationa
csut yurthern Is Joined with the Cha.
,w 4 Eastern Illinois, Missouri
hfe Kansas City Southern, Kansas
b Mexico & Orient and the Texas 6
htE =,
mdthe advantages Of a consoli-
a~of the two roads will be 20 give
4. Tsseo a direct line from St. Louis
f, 4, cuif Of Mexico at Galveston.
ss,,nd OF 1921 the Frisco operated
~ riies. Of main line and by the
,~ldslon Of the international Great
T.-s,rn will have an additional mile
q q 1859.