Newspaper Page Text
THE
M A,
FRIDAY. JANUARY 2-1. 1910.
Jir "0,000 ISSUE OF !
m ST. PAUL BONDS
GOSSIP OF WALL STREET.
mill In I, n, in nf 1 1 1 ! U -.
I. M
,'l
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til Par.
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uhiImhK in Nnrlliwcxl.
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tit" Id. mi that w li-'it a liinl.it' Ii.him'iI -'a. I
h" wi-4 tf.'ltiim int-nt-si nit III" -.in. .. at fli"
i -mil" tiitii' Iiml Ii" thai ijt il tin- in I'i'i i
1 ntii't.'-l fur i urn in j it I ii" i-, n.ili-'-r
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llriu lh llii urn i.i'i" Iti'lA'-i'ii jjni-tttii
IN S i ()(' iiml f'l"t',lini I tMI' Ml Wltlltli'l' I 'im -I
lll.ll III" lHlll "I III. Ill III -''III- Ml''
wilt" I illitT niih lii'iuri'li f.'.inn Ul'l .Vi iii 'I
aiitl wt'til mi In -.i-tv a il-ini! im 'i
:in liiiri'iii" Kiiliii'il run It" -Iiiiwii ll.. n
lii.iniiitf tt-tl. i ,iit iiiiiiIIh'I .i.. t.r lini
ImMin. intilit'i lit" lilttrtrr In.iiiit.. Hi"
-f i n -Vs ii-i-iii-K rutin iiir iitiitiniti 1 1 i
Ill" lull IntilKi" Nalilt' ttr I lie l-n U. I"H I'm-'
lilitit-ll i.i liili-ii't mi llu- imi'iiiin i"
ii'iM"l I'll" mily ail niil.iif" limn r.ii-lli'
inmii niilii-ia) l I hat nlli'ti, InMi it I -arr
in lirisl. tli'iiruiil, tin' turn- . .an l"-iiii-"il
nt t limi'i- l-.il" nr iitti-if-i tit in I'
lllklllu' III" llirl. In 'III" Intnl. Illll II- t
Itl'll'l.l1 llllllll I'll' IlllltUlll I- - I I .'ll' 'I-i'
M-IV I llf 1 11 ll-ll1l- llllll." I ' -I li.ll 1,1
limit -im U- iii nil
Investment Service
T'tr wife iiml prnfiiahli' iiHcftiiiriit of nur inntipy in amoU
iniortuiii m..t 'T Moin'ji i tot) vitHmlilc io risk in unsoiiiul
rni'iitmciil. No .-cciiritiiM shoulil Im coiiitiiicri'il Unit do not
-(...S(.s the fniiil.imi tit n' quality of nafcty.
Tim Honil Di'tiit-ittu ;it of this company wilt tie Klatl to KiVd
MiKi'ti(inn anil aiUico rci'.an'.ini; imcstiiK'nts, and you arocor
(Iiall iiivilcd to iiiakc ti"c of this scnicu. At tlio prraont time
wo liiiM- a fdii'tod tin of railroad, pnlilic utility, and industrial
tiond'. yicl'liiiK from "; to ti' ,, winch v,c recommend for con--r,",ativii
nn. .-.tiiii-i t. itnrticiiliiri coiu'crniiii; which wo will bs
J4 1 it 1 to M'lid mi ii tpic-t
A:-t: fo- Circular V -'ill
Guaranty Trust Company
of New York
28 Nnasau Street
Rllh Atfniif flrani,
5lli Ave. & 13.1 M.
Capital ami
Dcpo.'itr,
London Office.
33 l.mU(l il.. I-. C.
-AlipiUS
Slfndird PrintK
C5 Brotd Street
530,000,000
lt?8,000,000
.M I'. I I Inn fill' Ml,
t tirr .
II,
Illi-r I lie i In-" nf t Ii" ft n 1.1 t
lit-l-nf llu- Iniinilli i Inli lii-lil I Ii n Imt.-t-'
ntiil itni-l irilt'lt'-tlin; n.n II i'
I ir rc.nl in lull ill" i"-ilniiiii nl Win a
I 111- ( nic iti-.il ii- frt'iiui'iiil' i'iIi-itiii"" I
In iiim.ii inn- al iI.ni 'I In-ri' iT" i"i
l.l--"ll tltlllllltlltltl-IV .1 lilt I'ttt llll-l . -t i-..' -
III"-" I t'-uliii inn- UIiimi'.i-. Wnli nn I i
( nri' , ImmiTlv ni'-ult'iit nl Hi" I iii'"'I
Slut"- Mi'i'l ( '.iri'uralimi, Ii i- cl.ullv .ttni
irln.itlttclx uUfii li'-tnimm in Lam "I tli
titt till in i t it in ami miilii-l ill" huii.im
nl iv lili Ii Ii" i -iill ii iliri-t lur .-iihI vl"'t i-
II I- 'III ul'l l.l-lllitllt'il llll'l llllil nt -' tint ft '
ilt'i Inn n u In-iir iiuirKi'l Hilt iln'inli' --
nl - ltiulili-r- at" vmtli wlnl" i 'i i 1
tli" Ii" u t(!nt ait'l itri'li.iu- If r 'I !' i'
liilarmti-l.t r-'-olvi'il ili.it i u t w"t -: Sl -f
i-lt'tii c i miruriiH t 1 1 h mil nul-i'l ' '
Ilia' .Ml I nr" Im i mii-.-ii a' it i ' nn i
I h it il ii i - mi, I tilt v lt.it Ii a i it I III i ' I.'-1 1 1
lU.-l lc'i' nf I In- i lull '
.Inli
'i-iim-i-o In I . I. nnlr.
1 1- Hill" ia- -tl.l In Hi" I ni'-ii I a- it"
anil SuiitliiTH I'at tilt- rciiri-i'iii it - - ,lii
tmifntrrtl w tll Mtnni.'l -I ,i'li"i.il W i- I,"
-tiatii I iit'-tl.ty anil W i-iln."i!.i'. I .Ic--'
I.om'II ii'inarki'tl that -mil" lum-M.-- I nl
li""U mail" I'tlt s.ii' mil littli' ihit . ,-'
am linil" ili'tlnil" N'nii" nl Hi" niln i
li"it"-"litati" nf til" t.n Imaiil- w i '
niuii liiniiai mil- i-i-itiinal Hi" iniu'i"f
that h.i Imii iiiiiiIi: I- -till prnri .t..i'
ln-lilmi. I h" ilii.'i tnr- nl Imtli . niiii,.tii"-,
h.iM' ii-t i'i tiniii-il iii.inv iIiuil'- in ti Ii
Mr W tt kiT-iini" i- iti..i-.tl .ml Hi.- I - -"llllllll
iMon CH" arriM-.l inn'.- v
Inwaitl a i-laii ih.it . ill itn"'t nii H. .if
ptov .il nf the tniitii'tiutin:i lii.lirr I
-nlit that -niiio mil nl a thmi-.tinl U . -
h.til b""li -I'ttl. tl nml it l'ia In -mi i- '
h"liirp a liiiiiial l.'tri:.itiiatii'ii ll.m
ivtiih l'l-oi'li- w'u at"li"il i t. mi ..-t
v. ti'iilay fn" a i Hit' In th" mi'' ' u " "' ' I-i-.
niifi'i.-m .' rri i."i tt".itl " i r"-- .1
I'V it
It llt ll llld nl Nl.1"-.
Bond Investment Yielding
6.25
Federal Light &. Traction Co,
G Debentures, due March 1, 1922
lit Ii- n , i in it "It -inj- t i-f-t illn nl inn nn-1 inlt-rr-'
A'llliorii.-d and o-.istantlii, $1,000,001 (( loscd isi-at)
Karninrjs applicable to interest on these Debentures
over 4' i times requirements.
Total not enrninrs over I't times interest charges on Company's
entire funded debt.
Followed bv Par Value
0 Cumulative Piefcrrcd Stock . $2,500,000
Common Stock 4.750,000
Market value of above stocks approximately $3,400,000
Scented by mortarc on all property of the Company subject to
$3,-K)0,000 Bonds and as to pait to $600,000 purchase money notes.
Price 98 and Accrued Interest
Corwp clr ariulcr .N o. B-23 ;cnl on request.
White, Weld & Co.
14 Wall trc-i
Chicago New York Boston
I,,
i-limi tiTin --"i uril tf- imitimn ti
ll ri'iittv -al". .Mn-' nf 'If n'li'tiin;-
tarh li.nt' ln-mi m m t-li- i iln-.l - '
ti th" uuli-u'ii.- uf Hi" -al" I-' 'I.- -t '."
.(.. tui . t "iri.ii in i t'lin-'it inn..- .. i. 1. 1
liv liiiliKi tin- v ".-1. I !. -
-iil.-i i -ii.-tl tin-l I It" I'.mi - .nt- tt'.-i i ii.-i -I
I Im M Paul . nm "rtiltl" linlal 1 1. i in.: .r
iml .uinmiliifil iilint after tin- i l.i-i- ni tin
niaik"! .('.-ti'iilm , hut liaiiKi'i- Mt'ii' i t'titl
limit that th- Jin.iim.imti nf th"-i m-
1'iiritl"- wtuiltl ha r.'-i'lil. -alt-i rill-ii
a
I
in i
MAI'.IIET REPORT SOON.
initio- i-ii i-J linil.-.l nml I'lnti in
Hi- -illuiillli-il In lllnr.
i !' i 'iiin-il Mai!'."t fiiirin'--
i- liaiKt tin- tranm.i nf t
-.'. V-u k t,i K"t it- f'tn'l
I im'.i'k' r. 's in .trin i
I'll -nil lit Mlll"l U1
, t-- . . ." fun! umi- hi'iiritM
i . -1 1 'tip nf tf.-t!inmi "!!
I .r".-!it a tt-ntatlM--.
i -i f ir.i tin- Iml- tf
. .ti t n- . t may takt- j
. i , -. i . ill.il fur y.-yt.'iilay
. , u . 1;. li"iMiist- th" men
I --, 11 i.l 111 mi II llUCStl'tl '.VlTl'
N. - ThU'stt.iy Carl Kot'l-ch.
'fi. W i-MnKtnn Market Mi'ii's
, ilt. :i -Ixitit th" tnarl.i't i-ml
n ai.il I. .1. l.liiriM!in will
, ...ip wi.in inrti'- f.1.1 nf III"
M ' !. 'in ,i!m asko.l th"
' i -,: It . ti".' -ml. Klnss aii'l CJUfini
.' Itl nt'.N "f their conn-
v .-n i (Tor. In tmlV" till fiml SIII1
' -- t -ittf,i-ti il will" atti-ntlmi.
- d. -it M ll"r i"t-i-ntl nt'iit tn
, , ti i: what In- hail lent mil
im -t t u.nn ami ht- tnuk part
i v. r.l.'h th.- ..thi-r s-pi ak'-rs
',' "i , f t1," .li-pat tin'-itt nf
i'i i iiiiii-.H s nf th" t'nlv t-i s 1 1 v nf
- i p'.if t it.- I. Kmc uf tin
. :i, n i -if th" l'nlwr-lty nt
i ami Piof. Tnins Flhi-r nf
- .1- inrtmt nt nf Valo Mr.
i '...! Imlti-i1 tn sn tn tin-tun,
II " inl T .coma tn Hill th" lira;
illns their fn d cnppl;
'Ii..
Wiiiju titatii nt th" iii'-ufi'ii -r nt
lui: .iitlit-tiiul i iiinpaiiit'- vM'n t ..nl" i't
m .Jti--i . lint ii'l.li uf III" iirt'i.!""
luniii-il ill I'l" Lift ''.t' M'ar- la I .1 .-ii i
o .! N"n .l.'f-i" ilmrli'ii In" Ni-v .Jt't-i" i
l.i hnn I "en tl aitki'il tuii'-' 'i't' 'i-"1
l oriinratmii aiitl tl " utlier- "n- 'imin t.etl ,
llim.. .ili-l lawMT- ha" Iniuiil it i'.t-it'i t.ii
-nt "ii; rlmit'TK I't utlier Mate- la-.m i"
I-, ali'ie- in Ii .-i" li'd iil mm:- ha-.e I i
Iti'i t wii". Vtririni.i . Wn-t X'Kim.t -unill.
Da. nt i ami Maine In inu h nl I' "-' t .) '
mute i iilli.lln" h-ive lii-eil Imli-eil i.lt'i-;li
tl.llll 111 Ne 'flM'V
I.irl- nml merii'ii ii -.
1 1
i'l I
"...I
Southern Railway Company
l-'ive Per Cent. Tlirre-Year Gold Notes, Due Feb. 1, 1916
i o the I loldcrs of
Soutlirrn Railway tomp.iny Five Per Cent. Three-Year
Gold Notei, Due February 1, 1913:
Southern Railway Company has told to us and associates,
Si.OOO.OPU new Five Per Cent. Three-Year Gold Notes dated Febru
ary I, The proceed' of these notes arc to be ued, together
with other funds in the trr.isurv of 'he Company, to pay at maturity
the $10,000 000 Three-Year Gold Notes which mature on February
I. Il 3.
SUBinXT TO PRIOR SAL!-: WF HEREBY OFFER TO THE
HOLDERS OF THLSi: M ATI 'RING NOTES TO EXCHANGE
THEM AT PAR FOR THE NEW THREE-YEAR NOTES AT
00!,,
I lolders desiring to make this echanr,c may now deposit their
notes at this office, c. the February coupon, and will receive therefor
new notes bearing interest from February I, I 'ML and 1 tr0 in cash.
This offer may he terminated at any time without notice.
Notes not rchancd in accordance with this offer will be paid
on and after February I, ln. upon presentation at our office
J. P. MORGAN & CO.
2 WaP Mrtt Sp ork.
January 24, 19! 3.
Pi
f P AND S. P. DIRECTORS MEET.
Uli l.i-r-liiim lltiitiiilil lo llui'e Miwlf-
in." i ii ll nn (lie I'enlrnl.
" ' Hi.
r'
nl.. n r.-ieltlr anil
i - ., 'i. - i i t ntlMl In eutl-
. ." h'-. r tin i.-tntii frnin
w.tli ,tt'irni'-ii'n"ral
ii . t W'.i l.iiiKtnt' Tlinuuh It
'- I III It piriUII'KH W.IH lll'lllR
I',, lu-l"ii ;ik i.-ti rmlnetl up'in.
I '.i '1 that hi t uf llinunter
t t.i h" -i-ltletl th" Wat.li
f. 1. 1 , . - Iiml Ml- c.-ilitl ill
: . . 1 1 1 v it f- v tli.tt ivuulil lime
l a v n tn-f.i' i- th fltilli! c-i'it-
I ii . mil I In- iiiit-t-...i-il with.
.nf i. nee iv'll I." helil with lh"
i M. .1 It ih tlinuBht that thP
l.i-. --il h.i mailt- sum" t'uti"e-it-
itt' nf i ompult-nry -al"
" tl I' i. Ille
PUBLIC UTILITIES SECURITIES.
..
r
Tranlon....
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19
CHARTERED 1866
Brooklyn Trust Company
Capital, Surplus, and Undivided Profits, Over $5,200,000
t the ninalellt -tni-l, n't illaltn'l a'u'
is K'timi'tl tu M-n i-itiall i'iiiiii-tt'iii- .
ll I- unite irciierallv tell I'm' a r..Ml ui
1'nnMileralile arliMt I-.H h.intl -.Nlut-li tt-Ml-ti.-lift"tl
I iv the IS.ilU.ui war I'm t! t-lea-tin
ll fur nu utlier the aii'.tu.l" nt l.ut i
IH'.in i't'iilntur- ami itiM-tm- Kiw.inl
nur vtttiU- I- a matter nf Uei-tt tut. ' 'i.
Wall '-tree! In l.umlun tuti ii.eiii u
Xmerieani lias heen ireneiallv uimu.iI'"
lint rallies frnin I'an- reiurt that iiit-r . .n
anil t'aiuiliiin -ei'tirilu have u-t i.nm
with lint I'reneh iiiNestnr anil suffeteil i
iel.li-e III pru.' Ill inn-e luelii" III"
I reiieh jitililli- li-i- Iiml miil".is,ini e
irlerne- llll nil" IT t" Ulel'l' .ill a".l
I aliml'.lll -ellllllle- wllu'll ltae Iml -"ll.-il
tn iiii ri'.i-e i nii'iiient " in uie iiim u in
sunk martlet us i whole reietit im I
tleiit nt the Ullttl has arnu-eil a hihiiI ilea I
nl i-iltiei-iu ami lh" iinilter h.u- men t nine I
Up fur iliM-ils-lntl III the I llilttlher nf Hei-utie-
ami has lunvnUi'il a.'ilaimn fur eu-n
htrnier remilal inns ii uarilini: atlmlltain e
nt loieiKh heennties In Irailim; III I'.ill-
Tlif lrKliiln-4'nriillnii IliiUutle.
Vlrcmla-I .irnllna heimeal was iitlmiitetl
tn tratlllli; In tint mult--.' leuu tint-lit uf
thn I'aris r.mii-e in li'l-riian. mil
weel; l.ller the htm-U Milil at 7n . II has
nut tiiinlieil that leiel Mine In I lit, leal
lull tint eiiiiiiiiliy p.titl I per i-eiii ill 'liv i - '
demls. In Illll' the lain was letheed tn
il per rent. l.a.t wi-ei, the tlti' slumpeil
In il."i per cent nn lieavv li'iuiilal inn Inrl
whlt-h then- was nn appaii-nt eilalialmii
Wall Mii'i't Ih itime nr e-s .11 1 u-tiiiiieil In
liheiiuliienii nl' Ihl- kind 'I here h.iii, 1 1
(.eiei.ll within the ia-t lew iiunilli- l.eel
Smrar, fur ilisiiuiie, lell III llu i-nnt-e nf 11
lew months fmm " In Mini nni n-.ni
1,111 loriimuii a -hurl Hum Mine m.IiI al
i ' altei mil aiieiui; limn II'. In 17 I't
tween leliruai'1 ami ' Inher nl la-' e.tr
litll I'ai'lslluestinl leh-ll s.n ll loletll 1 htliue
aml I ho (k't'llne in iiuini.i-i aiulimi Im
cieateil an iiiiileai--ilit impii ion
Piirelmi Trntlf In llei'i-in Iht.
'I'lto reiinrt nf tint linirau nl Mnti-tltH
nn llie i-uiiiit 1 v's liueimi tiailn in I ! im -her
fhnweil t I1.1t liolli as imiiril- i-iiilt.
anil inipuits tla Ihinres weio the l-ui.-e-i
mi ii'i-iuil lur that mouth. I.miis in-j " " -
i-ip,im.i j-.'ii,.tiu.iiti ami in,,urt ti.'.'K .i"i HAV.'THOHNE TRIAL DEFERRED, I s,""!",r" " 'eiu ! .i,..
Main Office, 177 Montague Street
Bedford Branch. Fulton St., corner Eedford Ave.
Manhattan Office, Broadway, corner Wall Street
The Brooklyn Trust Company r. the sixth oldest in the
City of New York, and the oldest, by twenty years, in the
Borough of Brooklyn. Its btrenglh and conservatism insure
safety to its depositors. Its long experience in the execu
lion of various trusts commends it for appointment as
Executor, Trustee, Guardian or Administrator
$6,000,000
Agricultural Credit Company
Collateral Trust 5 Gold Notes
$3,0()tl.OOO Series "A" Dated February 1, 1913
1,800.000 Scries B" Dated February 1, 1913
1,200.000 Series "C" Dated February 1, 1913
Due December 1, 1913
Due December 1, 1914
Due December 1, 1915
Subject to redemption upon thirty days' notice at any time prior to maturity at a premium of 1-12
of for every month or fraction thereof from tin date of redemption to the date of maturity
lii'.-ie-t Jim" I nml lipt-riiihir I In c'.iii.ni 1'orm trninilnMlin Jl.OU'i nml fr.on Mir l. regMetM l
,rini-li-il Hell. rlnclrat nml litl.-tent ii.tynlilo In New York, nt nt Itic 'tlo i f Hie lml.l-r In flilenjfi.
I'lKHT Tltl'sr AMI SAVIMIH HANK. CIIICAliO, Utt'SIT.r.
Feu a ih - .rliim t these mites, .tletitlun In rolled to n I. tier nlRiicI by I'remtli nt Stitilicn P Strall.tn
(copies of ul.li h t:iy -te obtainetl lloiii tint iiiuUtsI Kltrtl . from w li loll e quote In it.nl an ftillnns.
"Capital Stock. The Company has authoruecl and iwied Capital Stock a follows:
7 "r uuin'il.itie Participating Preferred Stock, full-paid and AmJriri " VV t nn.-i p.,i.i tn rn.i
iii-ii-tsM.Ns.-i.blc .... SJ.ooo.Oiio s.'.ooo.non
(.t.ininop Stock. l() k paid, the balance of ')() Mibject tocall J.ouo.oo:) joo.ooo
A total of ?,'()( i.ooo cash capita ha- thus been paid into the Company. The com
nidii -tuck being 10 paid and the remaining '))-"o being subject io call. Sl, 800,000 addi
tional cash will be available.
"Security. All theC.ollater.il Trust Notes from time to time outstanding under
this deed of trust ull be equallv and ratably secured by the pledge with the Trustee of
farmer- notes haung a principal value as defined in the deed of trust equal to 120- of
the par alur "f the Collateral Trust Note outstanding. le- anv ca-h included in the
tmt. Ml farneis notes deposited under the cited ot trut -,1m 1 1 111, tture within three
ear- frnin the date ol clepo-it.
"Scif-Liouidating Character of Collateral. A it is the intention that the
aerage m.iturit ol the Collateral I'ru-t Note-, outstanding shall approximately coincide
with the aerage mafuriu oftheclepositcdcollater.il. it shoukl be emphasized that the
security of these Collateral Trust Note-does not, as 1- usually the case with deposited
collateral, depend on the outside market-, but actually liqukl'ite- it -elf approximately
within the lite nf the Collateral Tru-t Note-
"Vendor's Agreement to Re-purchase Farmers Notes. Under the trust deed no
farmers notes ma be deposited as collateral utiles- the hae been purcha.-ed under contract-
coiiiammg agreements on the parti of ttie vendors to re-purchase nt maturity value,
with intere-t, iit te- which are not paid In the make:s Within ixt), day-of maturit."
Board of Directors
II.HM llrii'i'i.-r,
.1.11. . - I ' M'tl-ltl
I, it ro-ttti.
tl i ll-irt.
I'. I .mint-.
Ilt si n.-n K 1 - . St-'t Vnrk
I r . r-1. Nnt.-.TiMl Until. Sir Y .rl,
I'..,' -t s nt li't nl t Mv ll-tnl. -f ''l..-.ii",
i ' hu'i .lnn.n .V t'n. Nf't Y-rl.
fn - -.- n l'lr-i .Wl-mil Itnnv.
M,-iti-'ip"'l.
n , itiltltil.i
t nln Tniil 'V ,
.1 I111 It I-i 1. 1. frfM-lcm l.i.tl-hi '
V MeMilln-i I'li-il-l -'l' Si I 'il J-
S'tiiion i sunt inn. ' 1 ti ..l -
I. 'Iilii Unlkir. Wttllatti Snl-intnn ,V in.. .Nt-ii i.r.
ti'. K Whlirtifim, It.i'i.rt ..-ilt's t'o . !intei, r.nrlnti'l.
II Wipi-ln, I''.hI.1,ii' iu-i .SitlM.nl n.ln'i. Nnv lull.
!t I.e-ll.
Ml leral ilt '..ills will he p.i.ietl on hy Musrf t'ravath lletiilerinn d tJenrlnrf. Neiv York.
It epe. f.l lh.it eii'pnr.ir t ei tlfleatPK nf th. Aurlcultural frcdH I 'ii'npr.tiy. exi hanealilc fur tle.lnlihe
rot-' "if itntl when mne. " will h. re-d- for 1 1 1 i .- nn or ahout IVhrnary 1, 101T.
Having s-.ld a .ery large proportion of the above notes, we will receive subscriptions for
the brdancc, subject to allotment, until 3 P. M. Monday, January 27, 1913,at the following prices:
Scries A 99.80 and interest, to yield approximately 5.25'
Series B 98.72 and interest, to yield approximately 5.75'V
Series C -97.43 and interest, to yield approximately G.OO'ft
Si.h.-'Oriptions will only be received for average maturities consisting of 50 Scries A,
30 Series B and 20 Series C.
Mm Salomon S o
i.a!!garten & Ch$
mi
IIIX UIKMIs
11M.I 13.
AMI INTKUKSr.
KUI.IIIIMI
READJUSTMENT OF DEBT OF
HUDSON & MANHATTAN RAILROAD COMPANY.
To tlie Holers the Tirt Mortganc Tour nml OnrrHiilf Per Cent. Konvl!; nml o:
r r . I r- ci .t ir.:.. TV. ..I (--rl IT-.-nt . X nf the IIIIIl. ' nl Ihf I'Pll'.llll. pi lltle Mt.'-h I. Illl I.
.SON C MM!.TTAN KA1I.KU.M) COMI'WY:
t the t...iw' nf I il I- r- in I rejin
hrit.il .. iiil h ,re, i!-- i!t,i;.'!.ii:iii'il hne-i-
rri I - an e itt in.itiu i of i!i. !'i:ii-rlii--..
A Ma, h itl it, llnlftii'l l 1111111.11" Unwe
ll .I.l' I
I, ful i
in t I
lriit- he
i -1-1 - u i
v in i -.l.i.i
.:!-
I '
1 en' it ' i v et of 'i l-irtrr ii--i'i.'v nf the rtlin-i,
i -1 i 1 tn he tn nle l.v h ''ei't'ii'lrr .onip.'ieii'
.lit. in.'- 'inl flli.mt I'll rninlilioli til the llittl'.ni
report- -hov. ih.it the lluiNnn A Mcmlititt.in
ll.tiliii.-nl t on.) .mi ha- nut 1:11 ned. iinil i n"t now eirnnii:. Ih Illll Inlei t t iipnn i' mit
iltiii.l.Iiu' I i r- Mi.il".'.i;e 1 mil ..ml One-ll.ilf I'ei lent Ihm.l-. It. therefore, i iinntit
i nrki-i -ei-tii iti.- In 1-1 1 iile f iinil- lo p.n the en-; of intproi f.net li nii'l ln'tlel r.ienl. no
li . I' i lie I in.il- 1.1 u.i -ii"li iif i ,tr trut nhlicatioiH :ii nre approa' tnni: intilnril .-, nnil
i.i l.s .1.- I. ,.-1 i h.. i ;. 'lie lethli e I I h much ll'.e ,n I on nf llie ttonilh'ihlei -. -linl the neeileil
I iml- nn It. it i-l nl !' lh- --tiii l.h'iiil. :-. it will he inipn Dili' totivmil ll.e font loniie n'
the iiiiimimci. it- -ir.n.: the I n-t .Mnrt I'onr ,unl Oin-lliilr Per t en; llnu.U
lite niitli'i-initieil Ii.im- net onlni'.-lv lot ninhiteil u plan lor the t eiiljn-l nn nl of tht' ( , .'
tleht orth.M oiniuny. ilnietl .liiiini.rv 1 1. l'ia tioph-nl w hi' ll ni.iv h oh; ..p.il Irmti Uti.ir-
amy 'I'ru-t loiiitiiin o' New Yo.-l;. the Deposit irv iin.ler the ;lani. hi"h li i-i heeit 7
npprove.1 hv ihe tm! : -r- art! lepre-'-ntHiives of a ni.iionty of the I'j-t Moivraiin IVnr
a'ltl One-lln't l . i ( ei ' llon.N nml "t Ihe I't effl reil anil I oinmnii M.an s ol Ihe l onipatiy
Said plan proviilcs for the surrender of the existim; Ftr.st M(irt;.ipe r-'cir and
One-Half Per Cent. Bonds in rschatiRe far one-half of the principal nmow.i tlicreof
m new Pive Per Cent. First MorUnRe Bonds end the other liatf in new Five Ter
Cent. Adjustment Income V'onds and tor the payment hy Moeknoldcr of S3. 50 for
each fhare c.f stock, for .vhich payment the latter will receive new Five Per Cent.
First McrtRaRC Bonds (or scrip for Irartionnl amounts) ct the rate of $900 in such
bonds for each 51,000 paid.
'I he tiniiervtunei! I't.i e lerther .,rei I " form a Svrtln ate I" pill ''ui-e Iro'n the llml
-tin t oiniianie--. tl.o Ne I ii MiiUmui lh lit1-- i.nl .tl ,ti-tn,flit Ineonie Itniul- ' hi. h it.
iwll ineivi- upon ihe i oiHUiti'iiatimi of Ihe !,. 'iiljii-IIileiil, in older I Si.it ll in n he it a
liiiMtion io t.-il.e up il-, oi.l.-taiiiliiii; ii.liali-ral trilit noKi and pailitinle in tin- Plan of
lit.iiljti-itinent
The untlcr:iic.n?.l h:hevc thr.t the plitn is fair to nil interests. It should b:
promptly accepted with substantial unatiiini:'. by the holders of the First MortRnce
Four rind Onc-Hnlf Per Cent. Bonds and of the Preferred and Common Shares nf
the Company in order to avoid n forced reor&anization based upon th? forcclosuic
of thi First Mortgase.
Bondholders and rtockholders, to assent to the plan nnd become partirf to
the Readitfttnent Agreement, must deposit their bonds or stork cirtificates or votinc
trust certificates with Ciuurnnty Trust Company ol JNcw no-:: cr ai us ar.' "ty j '"
in Boston, the American Trust company, on or peiore rcjruary in, isu, nan
which date no deposit will be received except with the consent of, and
upon such terms as may be imposed by, the Readjustment Manners, ah hnntN
ili'pnsilt-tl hhmilil lie in limrtr Imin, with 1 t hrmiry 1. lt'l.". wi ll nil tiil"-eiiii m .otipon-
nti. a oiiio
iu'im.
Ill I'i. I ill I III. St'i'lt1'!' IV
Itllli i .e. Mil . Intnm's 1' tUia
Hi- -. - r.l ! l.lrrun- i' I. i ilt-t 1 .1
' i , In lit i 1 1 Im i.f 11 rimii .ti.l 'f
-, -,,uitl- e.ilrl I iii -il. .'I U'l?. '
deal nt ! ' I'l i i lit il'i t'" lierrif
Uliitl'lii- uf ritoiil at lh" cln-e uf tei-ii.'
i ll ..,,";. i' y .'l, Illl
'ih,1 Iti.'.'.l al-u -It-i lareil fri.tti llir nun .-.
rtfiihtir- of mi- .i-iTi.ii'l .1 'IM.lrntl nf 'I'
1 1 - it. frtii. M -'u-1 .e n i , -;:.i 'i. of uie ' i- " -
l'.m . pnj nli'e 'I'.' ''i t. 'ill. , ' I'll' -I i''1'i 'h
ef -.--e .1 Itl tin e'l.-e .if hml""- ii'i .Inn'lirv l
mil f i vv t a '! 1 1 'I'll. I-i e-etar-
I l.lll'i.l.-, (.AS I. II. It I .1 t oi.i; (OI i"A N
ml 1 hl'li'-'t
Tlie Mi.m.'il ViA'ilni; d! lie S'ni'i.holilrr- nf I '"
IVjI-l-. t'-.t- I.U'Jr f .'.il:-- i ot 'pi is 1" I" 'I
t !' o' It- ti' ill" i mint'.. I. I'fi-l. ' 'it
'hilWi -sr. e - '" cl V'-io ri" f "" 'tn' . Iii.it-Sltt-rt,
i t.ii- in a. .i i ..u a f .1 t -: I i-' it.
i . ii:i. ..' r o'i I " 'I'll' ". -fer tin'. :
i liiit 1' a - ni I . a " 1 1 in 'i- ai il-
i 't... of !".- " . . n l i ' . i ' t ' . i '
i .';i
I'e i T.
I o VI i -i
I'!" '
" .I'll :
Illl' it
. r i
I
I, -, ipp. 'r-
.-I., (Illt.ll'.ii A -I. t '! It. tf. ' "
V.. nr.t. .In.' ?. 1.111
"mill tlillite'ills . . " itl M1 t 1 -
l ii 'A " nn t.u' . I ft al'.i Si 'ii'i I I'
t.liSlM'.l.. i.nl if R" it.al fill l.'i . it 'f
i -1 i: : mi r-tr i .. it--i-ei t nrl h -. :
i ih- :i -i rtj-t1"!-' ' i-'r "' '"
nn .'mil. i!ii. Mil--I lt. '' -I " I-
..i.l iii I i,- il i'e n bslni-i '- 1 -1-1 'i
ton
i,Tlt'l li H.'.'llll 1. ri-.-i-.n-":
l.t.S I. I.H.II I A tihl I (HI ft.' '
"if '!t'e-'tii'.
-.,-! iv'. Ir-tll IM ". 't -ill-.l'll li
,-i- .1 ' i . ,i ... i . s i-i i r- 1 1 . ii ' he -
I'll I - I ., 'II" ( ipl ti O ll '. . ' . I ' I i '
m.i!i.r n fi'ri.i ; -ll. I't' I 'i 'h" t "
Im! lers of t -i'.ir I at ll.e ilj-- n! b'li. e. ..
.la i I'j -e..-.. Hit I
i . . - . , .
Ill I ( TIMS''- M 'I
.riM.i
i". i. -. .-i r.
Hull.
' without Illl)
'I 110 l'lll'H-1 llf C"llOti llll'l' II II 1 1 t - iwis
Ull.lUl.tlll'l 'lie tlt'llU'lllliins MM It'tlMi in
tlm MilmiiM ol' iniporti. niln Ihe i-niinii. i
l'il (iroiiiiin.' a ( nn- tlernlili' miiinint nl iniei
ns r-i.i-lntn Miiiii'lliini: ol a lalllnu iIT in tht
i5 I Item Ii.ih heen lotil.etl lor tiuiln t-'enei ills
' ... . i i. ,.r 1 1.. . .,i,..
on aiiintiit oi nn- iipin l'li. n "i in" ..i..-- ...i,,, .
..I.... ....- i,.riT .1,,.,,,...- ..Ill Im iiinilit s..!1'11""4
far, how el ci , iwi iniiueiit e ita- inn nan any H ils
apinoclnuiH eneei upon inn iininei. ..Ma'-er
nli'ii heil. nml all Kim I; ( e.'tiih'nte or lotini tru-t cert ifl-iiti-i -lioultl he endorsed in hhink
or be ut coiniiaiiiitl hy piont i initriiincnts ol irnnsfer In blank
The undcr'ip.ucd will, il desired by depositing bondholders, advance to them
upon their bonis, at the time of deposit of the same, the amount of the coupon ilu:
February 1, 1913
In iti-e Ihe -.inl plan nr Ueinl Inst inenl should lie abandoned and a muddled or Mill.
Fliltite plan .itlopteil liv ihe 1 1 "ti :.l i i-t ti nii t ManaiterH, nl le,t-t llurly dayi ' not leu nr lh
leinii. thereol mil In cnen in ihe uiintiei' iirmlded in Ihe llcadjin-tiiienl Auieeiiieiil, anil
depositors ol bond-t anil shales will be Urn nn oppoii iiuiiy ot Huniir.niin
liayinenl foi expenses
.Sew ni l., .Iiii.u.iry 1 1. iia
KUHN, LOEB & CO., ,
Nev York
ROBERT FLEMING & CO.,
London
HARVEY FISK & SONS,
New York
; ' t ;t ,
I 'it. llts.ii'r I'at t ft"
l.i! , . '- lie ' ii i I -. ft '.I'l l .-" H ' .. m. 1 ' i'i - ij
n' i!i -.1 -It'li.l tr 1'it' M .--.ml i I'm U, i .i '
i - t ir-i-s: l I-I hi- held cl I u' i'i lit' 'I i'l
nf lite l ii ' l PI I'i II"' l'lt 'i. SI I nil's M'l.n'il.
en ni-.ilu Mur It'll. I 'I.l ft nine .. . I... I.
M fn. tie ile-t .in i.l tei-u-'-tt il."e-..i - ii''
'In "tis'.nr .ei' ui.! fin tin- t'tii'-ticiiii' .i 'it"'
nti. , tniMt'-- tn.il -it.i n- a- l.t line i ll-
Itu- 1 ai. in.ini.il i r.-ih'L' ol ihe The -tn'- i n!
In lli't I n '', s-t -ie n't ii- tilt lite hS't.e il'. , I
, , ; .. I i i-i l 'i - i fin i t, i -i . , i
I ! M ii hi- I -la tm 'Int. UI ' -n -, )
l-ii'l, I' M . -n"t 111 In- reat't ...'il utt eilin -: ,
Vtlf li l.'til. I'i t. a l.-'l o t I ii M
Til ' M1S-UI ' 't irlf 11 Vl!.l V illtll'WV
I'l II I' in VII. I'ir.l.l ll
li i i.i:i M- f i' .
I i.i.i.rJKiM!
m:w iiiith i-.iit:i"'.Mii'N i
I liv. . l.',l,
M.erl.i! ti-i-l!li.: .if '.1'iel.li-iltleri
N.-u ,-!,.'.. i I l i fi "I I'l' '
itl i. In"--hi e'.i-tt 1'ii't ii h."i 111 lt-i 'lne
. Mi Mm l.ll .llll'l-nf ' i' i"i till Ifilt'M" I ',1
. ll'plli-t nwa 1' ill In In 'il .11 llie nil ei i.f
the ''.. .1'iiir.. "i -' x -ti Stre-i. In il
llnl'i'.,-1' of M il'hsl'1.1 Ml 'null - 1 1 J . N '
'..nt. nn satinlu. llie '.'.iih il.is nf .Im 'ii"
llll'J id ID ti elm 1. In llu' fnieiiniin. f"t lite pin ii--)
nl 1'illni tllinll -i pi 'i"e I'.i a 1 1' ill II ' eottun lllijll
he fnrlhu-lllt tlN-..in...l
Hi outer nf lite ll'i'ir.t nf iihei-tnr
VI. lilO M-t'V'vM'. ScrrplH'-y.
i iivsoi.ni v I i:n t.i. iinii'.iM ui
m:h tm: u.
y. i.isi Li.ll :-i.
imuiArr i. inn
'I'll" ni-mml itieetlti'; of llie fi'ijcliluiller- of ! .'
Cnieiiini fur Hie e'.i-i-llui of 'I'rnsiePH In seri"
lll.l ll.? ttie en-llfiK em ll 111 lie lielil a', till- nfln-e.
.l(i.Mi'. .hinimry :'7lh. im.l l'nll 'till In
,. . ,iii'i, lint', IJ M to I I' M 'I lan-ler tinunsulli
Readjustlicnt , , vP s.nni'li' , .Ininiiiri lull. I0i:i, at I. M a I
ri'tipen ltits.li. .lain. n) .nui. una.
11 t'AII'llllt Seereini-
Mnnnscr.
ii
is
.7
ins
lei
.12
;
HI
!fi
r.l
01
'.A
.'1
m
sa
si
' 3
di'ttf
, huliili (( ti I m- Killed Not 'Ml on
( I'l litln .in nl-.
f -.KM. ill llf Ihe t.'al or .lllll'lll
Hi., A I Iii il Kit'' m i'i. .In" ah
ami In. Willi'ini .1 .Mm fin.
i ll'L'i'tl V. .t l Its-.m; llie mail- in ui'u anil,
111 M ill 1 ill- , 11 IIH .1 U'l-"
im "lillitK. The tilil va-
A In
ll.ii II,
RAILROAD EAHUINGS.
Kin tliutult i"'..'
SUB-TREASURY STATEMENT,
WIIDNIV'IIAV
I'al'l hj Suh-TriiKiiry la Itanlm
I'ui'l hy tMiilm In Huh-Tr. amir
l.ns to liaiiki nn iI.o'h Iranii-
acilittii.
HIMl'I! Till KAY I.AliT
I'lhl In' Miiti-Tremuiy m li.inli
I'.iul hy iiaiikB tu ,mli-Tic.iiny
the pen three yen notes nt IKi1)! throuRli (iron, eaiiilnrt. .
(U-p').titlliK the notes nt the nfllue of the, (Iper. esps. .V tn
li.inheiH the l-iihniary coupon, recelvlnir
new iioteK and 'j per (ant In cash.
I.oh-i n hankii
(laui tu hank x a 1 1 1 1 p.-nml I'"
vloui week
llllllll
Intel-
.iiipli'-l nil KlI'l.O .liilin.liy I". ny uie ann
I il ;i illii'-i-s of .llltllie rinilh-H M. Il')il,ti.
.Iiidi;.. M.iii-i. linilt" a th eWInn nil-
.i .... t...t,r.. tl.. m.i. Int.t li.il'nin hi'
i llittllli il i.-i .lllUH' .........1 ti
iiii'i inlit'ti ill, yihi i'laN i li.n m (I the Juiy
to llml th" ilefeiidaiit ,lit,'i not Kiillty in
IS, l Villi ,,,, (.l,, wh III" lllilll'tllleilt- (If.lllllK
;i i'.: emu .. , , ..inl.) tun of tin- Ti-inaaainl-
" il'ihall. lh" llll'.hilii-fohalt an.', Ihe Moll-I Additional Kohl I'liKiiKi'liieiitH for 'hlp
11.71. mi" ileal-. Iiiiiie'i inliilli-' iinieitieH. (Jiilin'j , iilellt In lite Arilelitllie to-tunriuw un
iilllhi h. hi in eniiiitahle to tin Imlli'tiiii'iii i iit.iimeil yeitti'idiiy wein iih follow H : fluid-
in in- (inn ( I 'ii- -i -( it trait nf tin- llaivtliniin- inill. Maelii A: I'n.. f I.UOII.IIIIO ; Ille Nn-
J.i.l unit .''.hei and ll'"D Mi,"-. I.U) . llll'l Ille .lull. Ill linnil I III ll l of Cnmini'ice. K'10.000 Th"
1 1 ill", li'li'li' ( 'inl '.nil inliil iiinoulli llml lilt' el alllfhip Vindi
'..j. '""J .,'!,, jn wnH nxeii-ed until lit xt Mondu
, ill 1,000 I at 1 .3 ii'i'hH'U.
Hi- tiuiiihern Hallway ('ompany lias,
f.ild In ,1. I1 .fJi Fran A- Ci. nnd in-soi'lati i
la. anil, mm new S pei- rent three yr.u-j
nop 'i, the prneiedw of which arn tn he lined j
tn-tt'n'1 iilth nlliei- funds In the trciHiiiyi
tn pav the tlii.iiiili.nnii three year nntn, '
uhleh matiui 1'fl'iuaiy 1, 1 D 1 3. Sulutct
lo in lor Hale thn litnUet'H are offeiliit to
ihe htihlein ot the.n. inaturliiK iioU'r the rr"i"ri " ir". . l'V V'4i" i-'iill"' "'L
pi li lli no of i'Xciiiiiikiiik llieni at par nn . n 1 J. I'limiRrit. I
l,n,-.ll,HHI lore Ciulil linliiK Out.
t.t i-f t ai In Haul -i tile i-ciiiaiiil el '''j ,i l-i .
Inr i i in iii I't. in iin.i pillar H..II1 rhlt-H,
li-j(ll'.. lur lexas in..-!
lUiilpt- if ..i.u-M i ere I.'n in-tul. In
. tiiiil ti i- ,'itl 1 n- lll lnlllV.el 'i'li'.le lltnltiil
. ,' n . .rs, rul' huh a' hli'.lt h ll li'i'.llli; hi e.ul . Mi
Hi (iiml weel. .Ian- 11 ,:;:-I .lltlttl in in i-ne ii'ii i sul.l at III .HJin
liniii .Inli 1 J'1;1,'. i-- t nt is' I per inn ill. niih at ?' ..'i lliriiM.i.l
1'N'l'lllll ItAII.WA'n I'l" ' '-UI It- . ,,,.i ,,,,iina an.' nn Wesl.'.a
I'he I lllleit 1 1 ti ll vi ii n t i''ittiti nl "'''',! ialii' i-lfi-ii-,1 i-i-.f.l ..l.,s In lair il"
I I, I .1 It. I lit I 111 I'll till Illl .IllsMPlI II'.IK
lili-i lie.'.'lllhel' 31 I'lM. .nii'l lO'-ll'.'ji let' tulinlll iltes.eil
Iteicllitf ui jiii"i nun ianii.s uire nti
liri.il. In. hnlll.l.- t i.. I- fin the lllllll.il.
" i Vi .i.l.t unit i-Mi-eitii'li 'lull nn'l prln-ti .'.'a
-.',,"7,' Inner nn H.ivi-p ami ;-. -i .'iiii tn.ni nn
l.i. Ill liinihi., '('lifi ttoni. lleie lint I leiu ...I I'.mi'
lit lair i.tii-i'ii lei.i-wi si-in at 91 ii-'jn
per lun lie , a .Ik I. nl' uliln iiuliem
nl jr. iiimtluai lanili" in a i n-
:: .... at MlihlBH Iftl Wemmii ewi IIukh .1 J
I linl. 1. a i-,..i in ui ion .'nil 111 n '1' 1 11 K ' 'ti lh
, a ti-vi ivi-lhi'l-'i Hellt.n; ill Iti., i.-.-seil i.itnl n
In.l.f III 1.1 ''j rn I'n . . Ili'r ll."-ie,l tirlllni
tin a sttrill nay ei Hi . tuiiiiiiy i:i'n"l
TliriiHIi.W .1 11 na- ..1 li.lhiisiu hUTlIm Imui at . ti pel inr
!.,,'S,;"V. .'!!. n,.,"an.."u'i l, ",uUe,l- nf lice. r,. -I.0i'? h-l. l. f--t
lur frfie, muunni'i'i", ....... ..
Sl.OI'l.n'i III.
il'l,l,:i
1.1titSII Hee.
Set 1-111 iilniy ..
rrnlll .1 it lll.ll 1 I
Ill llllllllKH It: I'Sl.tll'l Illl
opcr. exp" lax t..txn,;.':t ine
K'k 71)1
MSi'i.cn
i mi, ti 1.1
nici.sr.v 111. 11. 1 ioiii'vn.
The M11111.1I Mietl'ii: at the hlnel.liol'lers nl the
(Illl hi! lll.tl.'M ll)MI'A fill Uie life 101
of Hliteltirs nml liisiei tnr- nf rit-i-tliili to
far lite taieiee.llns e.ir will he held at the H II' f
nf ll.e I'liinpair. No KM ll.o.nliiai . Sen Vol..
lli. n't I t'ln 11.11 1 I. l'HJ. in I - o'i loel. tnioa
llie siiieU trrt.11.fcr himl.- of llie I'otiiitaiii 11 hi
lie (lii-eil ai .1 I1 Al . .Iniiuii's l'li. inu. "inl
oiie.'ieil at in 1 . I elipiai 1 ... I ni'l
' i' Hit. II. lU'ltim I', hct-ret.iri
- llalt-tl New oru. .laniiiiri lltl.1.
. "Mliri: '.S lll'lll'.in I.IM A llml uie ainitn.
1 meeilii',' of Ihe xteel.lailni't.-11 1 1"' ' nl'eil ' I;''
' trie I, la 111 nan I'ovwi 1 oiupitiil . fin ihe neill'ii
uf lllu-i-ti.is anil Inr tin n ali-at ilm; nf Ma ll oil" '
laillilisti i.s 11, ai j.: opi-i 1 1 utile t'i'f 11 1 1 the itii'i-i
, aiir will he Ihmii In die oiii'-e nf Ihe 1 oniiiaii) , 1 1 a
' i,r,iailai. 11010111:11 of lanl,a:i.m. '"'''
"Inru. u'l I'rlthn. ithniail 7. H'i.1. nt II n elm'..
In ll.e itiieaoati
ll Null.
.I'.WIS II iiATII . M'fi-f ar-
.1 1 -in- "I ".i'i
Nil
-arnhiiiK
M ii
ii;;
MneU
I.Hl N ll't
Marl.el.
nl
uial.i out I In I li frt tifl'n Ii I'.irw
will lul.i? iiwuy un fiatuiday will bo $4,- I Thnm hum nn traitlr.it In Ille tattle, The tiiiititr)'
DfjO.OOU, I reeling ai dull, hut lined uleinly. Ureaaed ll V
l Vie.
li.'sir.l
per lb.
hok'9 uiu haniisil ul k
'I'l,. U .11 . i , " t i lllti'i.l nl Till-, l.i.
S: s emit l'li all the llnitm-ial in
Ihe Ktnch ami I ' I ini'itatinm- t" lh "
,,f ti,, in ! U Th. i hi- :u iU"l ilio'if i-
, 1. 1, H- . ih. "' , an I -i-l.t-'l" I ' 1
iu,l. 1 nn'l h malti i' an eiililtiii "il iii-n
In the .mi: 11 1 I'inal nod i'uini'lit l'lna!
I'ditltilia of TUB r.MlMMi tit.N Adv.