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EVENING PUBLIC (LEDGEJRrl-lmiAl)ELPHTA, TUESmY, JANUARY 81, 1922
it " "'A
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Subject te prier sale, change in price and approval of the legality of the
issue by our attorney, we offer
$1,000,000
Northampton County, Penna.
412
Refunding and Improvement Bends
Dated February 1, 1922. Denomination 51000. Due February l, 1952.
Coupon form ; principal may be registered. Interest payable February 1,
V. and August 1 at eflice of County Treasurer, Easten, Penna.
FINANCIAL STATEMENT
Assessed Valuation .... $103,220,348.00
Net Funded Debt 1,633.957.44
Percentage of Debt.. 1.58
Population 1920, l"i3,r06
These bends are free of the Pennsylvania State Tax
and all Federal Income Tax. Ne Income Tax owner
ship certificate is required in the collection of the
coupons.
PRICE 105.97 AN'I) 1NTKREST TO YIELD l.lST'e
Mellen National Bank
Pittsburgh, Pa.
The information and statistics in thin Advertisement have heen obtained from'
efllcinl sources and, although net guaranteed, arc accepted by us as accurate.
I
NEW YORK BOND TRANSACTIONS
CannaTn Nthn
Otis rCtH
1..., 109'i
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(! ... 109S
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1.... 1101
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CAPJTAL$50O,OOO,OOn
ff SURPLUS (EARNED)!!
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Large Bs
fi :.2'4
Adama Ilxn 4i
1 Tfii,
Am'n Acr'c &
Chm 714
Millions of Dollars
- in Assets
Great companies whose combined total
assets aggregate billions of dollars arc repre
sented en the New Yerk Curb Exchange ;
for example :
-Cities Service Ce., with ever 550 millions
-Standard Oil Ce. of Indiana, with ever
230 millions
-Goodyear Tire &. Rubber Ce., with ever
170 millions
-Libby, McNeil &.Libby, ever 76 millions
-Continental Meters Cerp., with, ever
26 millions
-Simms Petroleum Ce., with ever 27 millions
-and 40 ethers whose total assets range from
5 millions up te 347 millions
These cempanics-and ethers whose assets
are less -evidence the substantial character
of the securities 'traded en America's second
largest stock market.
As "Information Headquarters"
for New Yerk Curb Market stocks Jenes &.
Baker have distributed nearly 500,000 re
ports en specific companies in a single year.
The value of the news service rendered by
this great brokerage house partly explains
why nearly 40 of Jenes &. Baker's new
customers come from old customers.
Ask
for rc'portsen the nctivc New Yerk Curb
Exchange stocks that interest yeu: also
ask for a copy of the 40-pape book,
"America's Second Largest Stock Market "
Philadelphia Office
Jenes &. Baker
Members Neuyerk Curb Maikct
Direct Private Wires
Wldcner Building
Tcltp lumei :
Bell - - - LKUt 47W
Keystone Race $861
Baltimore Office
433 Equitable Building
TtUphene: Tlira 8451
New Vetlt Chlcije Doten I'htltdrjpli!
I'ittiburfh Detroit Btltlmere CkTtlsnd
DIRECTORS
W. FREDERICK SNYDER
President
WILLIAM H. CURTIS. Jr.
Vice President Treasurer
CHARLES E. GRANGE
Retired
JOHN B. STETSON. Jr.
Director, Jehn B. Stetson Company
JAMES DODSON
Of Jehn and James Dobsen
SYDNEY L. WRIGHT
Ol S. I., and W. R. Wright
WILLIAM P. BARBA
Dliecter, Glrard National Bank
BENJAMIN W. FLE1SHER
Ol S. B. and B. W. Fleisher
CHARLES S. CHILD
Firm of Wilsen & Bradbury
JACQUES L. VAUCLAIN
Of Baldwin Locomotive Works
WALTER T. BRADLEY
Of Walter T. Bradley Company
OFFICERS
W. FREDERICK SNYDER
President
WILLIAM' H. CURTIS. Jr.
Vice- President Treasurer
WILLIAM C. HARTER
Vice President Secretary
KENNETH B. CRAWFORD
Trust Officer
C. LAMAR HAYHURST
Assistant Trust Officer
ALBERT L. SCHAEFER
Real Estate Officer
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The Value of
Records
"We Iinve no way of jikIk
infj of the future except by
the past." Paht history, us
rvrittcn into records, forms
Ine Kuidepests for both 1111
t eiih and business institu
tions. The ledgers, cash
books and journals tell the
htery of achievement or dis
aster for any business.
The business records, the
books of this Company show
a constructive policy of
business buildlnn that has
hteadily progressed. Our
we hnndlinK of niilllens of
dollars of capital, with
prompt payment of dividends
Je ALL investors, is a
Matter of Recerd."
The R. L. Dellinss Ce.
1421 Walnut Street
Philadelphia
"lUbunjIi tulumlHia InillaimiielN
lUitiifiHjf ;i 'i:itjii .luiiU'iiiii iiiiiiiUsJin aii j.Hiiin ..11. .miiiiiiiH :r iiiniiiiiiuiiuiiin,uiuuui,,i
jFISK RUBBER
I KENNECOTT
1 TEXAS & PACIFIC
1 KANSAS CITY SO.
I PHILA. CO.
,
S There are sound reasons why
f investors should give special
consideration te these issues.
a . . . .
Our FINANCIAL INDICA
TOR tells you why.
srml for ,-.!
CULVER & CO.
MOCKS i. IIO.MI" ,
M'mbrrs
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Is This Investment
Geed Enough ?
t Nen-Callable Preferred Stock
of a Philadelphia corporation
having no bended debt.
q Minimum yield 7'A.
(J Receives in addition 25 of
earnings en Common.
J Earnings far greater than
dividend requirements each
year for ten (10) years.
q Rating A-A a 1.
J World-wide selling organiza
tion. Largest in its field.
J Basic and indispensable prod
uct. J Customers incltidc largest in
dust rial corporations in
America, also European' and
Seuth American Govern
ments. Ij All Common Stock held by
management.
J Ne profit for management un
less you get mere than 7.
Phene, cull or uhc coupon below
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H7 S. 4th St., PhiU., pn,
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GARRISON &CO.
WIDENER BLDG.
MEMDERS-NEW YORK AND
PHILADELPHIA STOCK EXCHANGE
STOCK EXCHANGE SERVICE
ii.M.i:us
Dealers in
Investment Securities
iltmbtrs A'ee Vel.' and I'lillatlelvlita
Stack lliclmnucs
321 Chestnut St., Philadelphia
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Te Helders of Adjustment Mortgage Seven Per Cent.
Cumulative Geld Bends of THE DENVER AND RIO
GRANDE RAILROAD COMPANY, issued under
the Adjustment Mortgage of said Company, dated
M-ay 1, 1912:
Helders of Four Per Cent. Ten-Year Secured Notes
of THE WESTERNi PACIFIC RAILROAD COR
PORATION, issued under its Trust Agreement, dated
October 1. 1920:
Referring te tlie nutke tl.tt ctl this day and iiilliihetl by the
Protective Committee representing the holders of First and
Refunding Mortgage Bends of said The Denver and Rie Grande
Railroad Company, atiiieunciti an agreement between tiiis Cor
poration and said Committee with respect te a Plan of Reor
ganization of the securities and affairs of The Demcr and Rie
Grande Railroad Company, The Western Pacific Railroad Cor
poration, whiih owns mere than a majority of all bends outstand
ing under said iljiistnicnt Mortgage, notifies all ether holders of
such Atljustiiiri't Bends that in said Plan of Reorganization this
Corporation lit- icserved the right, within certain reasonable
limitations, te unci te all holders of Adjustment Mortgage Hends
participation m the benefits of said Plan, if carried into i ttct, ami
lias agreed in ili.it eeiu te accept for itscli as the owner of a
majority of s.n.l Uuc the same terms which shall be offered te
etlcr holders t such bends.
It is desirable, in order that bondholders may remain m "posi
tion te take ad. linage of such offer (which shortly will be made),
that holders et djuMiiiciu Mortgage Hends shall .NOT deposit
their bends with or otherwise commit thcmscKcs te any Piotec Pietec
tive Committee which repiescnts or purports te represent bolder
el" Adjustment Mortgage Hends, at least until after the announce
ment of such oil' r.
The properties et The Denver and Rie Grande Western Rail
road Cenipatn, which is the owner and in possession of the
properties upon which said Adjustment Mortgage is a lien and
which, through jtock-ewncrship. is controlled by this Corpora
tion, arc being competently managed with scrupulous regard
for the interests el the properties, the public and interested
bondholders el :.ll classes. Ne assets of The Denver and Rie
Grande Western Railroad Company hae been withdrawn by
this Corporation .mil it is provided in the Plan of Reorganiza
tion that pending the execution or abandonment of the Plan
earnings of the Railroad Company shall net be distributed or
withdrawn by il n Corporation, through the medium of divi
dends or otherwise, for its own "benelU. During the hist six
months this Coiperation has supplied The Denver and Rie
Grande Western Railroad Company with considerable amounts
of money and has invested and is investing additional large
amounts in property intended for its use. Il has agreed, in
event that the Plan of Reorganization is carried out, te turn
ever te the Reorganized Company (in addition te the unmort unmert
gaged assets of 1 he Denver and Rie Grande Western Railroad
Company), cash, pmpetty and securities -of an aggregate value
exceeding $10,000,1 M0, in consideration of common stock te be
received by it.
Helders of the outstanding Ten-Year Four Per Cent. Secured
Notes of this Cei potation (which were issued in exchange for
Adjustment Mertgige Hends) are notified that, in event said
Plan of Reorganization is carried into effect, this Corporation
Will afford te the note-holders severally the same privilege of
exchanging their notes for securities te be issued pursuant te the
Plan as they would have been accorded had they continued te
held the Adjustment Hends for which their notes were exchanged.
Copies of the Plan of Reorganization may be obtained by
application te this Corporation at its office, Ai Fxehauge Place
New Yerk City.
New Yerk, Jauiiaiy .10, VJ22
The Western Pacific Railroad Corporation.
By ALVIN W. KRliCll,
Chairman of the Beard.
REORGANIZATION
of
The Denver and Rie Grande
Railroad Company
A Plan and Agreement dated January 27, 1922, for the reor
ganization of The Denver and Rie Grande Railroad Company
has been proposed by The Western Pacific Railroad Corporation
(the holding company) te the undersigned Committee consti
tuted under the Deposit Agreement, dated May 28, 1917, for the
First and Refunding Mortgage Five Per Cent. Geld Bends of
The Denver and Rie Grande Railroad Company, and said Plan
and Agreement has been approved and adopted by the
Committee.
Helders of Certificates of Deposit for First and Refunding
Mortgage Five Per Cent. Geld Bends, issued under the said
Deposit Agreement, who shall net dissent from the Plan and
Agreement of Reorganization in the manner and witlun the
period prescribed in the Deposit Agreement will be conclusively
presumed te have assented te the Plan and Agreement of Reor
ganization, te have waived any right of withdrawal given by the
Deposit Agreement, and also te have waived the prevision con
tained in the Deposit Agreement limiting the time within which
Depositors will be entitled te receive the new securities result
ing from the Plan. Helders of Certificates of Deposit net se
dissenting will, in the event that said Plan and Agreement of
Reorganization shall become effective and binding en holders
of Certificates of Deposit issued under said Deposit Agreement,
become parties te said Plan and Agreement of Reorganization
'.vilheut issue of new cethdcaUs, but may at any time present
their certificates te the Depositary or any of the Sub-Depositaries
named below te be stamped as assenting te the Plan and Agree
ment of Reorganization.
Helders of undepesited First and Refunding Mortgage Five
Per Cent. Geld Bends of The Denver and Rie Grande Railroad
Company may become parties te the Plan and Agreement of
Reorganization by depositing their bends with coupons payable
February 1, 1922, and all subsequent coupons attached, with the
Depositary, or one of the Sub-Depositaries named below, en or
before March 1, 1922, and will receive therefer Certificates of
Deposit issued under the Deposit Agreement of May 28, 1917,
stamped as assenting te the Plan and Agreement of Reerganiza-,
tien.
The Committee has arranged that in the event that default
shall be nude in the payment of the coupon due February 1, 1922,
en the said bends, The Western Pacific Railroad Corporation
shall purchase such coupon belonging te each of said bends,
which shall have become bound by or shall have been deposited
under the Plan and Agreement of Reorganization.
In order te participate in the benefits of this purchase, holders
of Certificates of Deposit already issued under the Deposit
Agreement aforesaid must sign and file with the Depositary or
any of the Sub-Depositaries a written assent te the Plan and
Agreement of Reorganization containing a waiver of all right of
withdrawal given by the Deposit Agreement and of the previsions
contained in the Deposit Agreement limiting the time within
which Depositors will be entitled te receive the new securities
rcsultingfrem the Plan and also must present their Certificates
of Deposit, accompanied by appropriate income tax certificates, te
the Depositary or any of the Sub-Depositaries, te be stamped
accordingly. Blank forms for such assent may be obtained from
the Depositary or any of the Sub-Depositaries.
Helders of undepesfted First and Refunding Mortgage Five
Per Cent. Geld Bends will be entitled te participate in the benefit
of such purchase merely by the deposit of their bends, accom
panied by appropriate income tax certificates.
Prevision is made te the end that, if the Plan heuld net be
consummated, the bends may be returned free of charge te such
Depositors as shall have assented te the Plan. This, however,
does net apply te holders of Certificates of Deposit who may
dissent.
The Committee recommends the immediate acceptance of the
Plan and Agreement of Reorganization. In view of the probable
default in the payment of the coupon due February 1, 1922, bond
holders are urged te deposit their bends promptly.
Copies of the Plan and Agreement of Reorganization may be
obtained from the Depositary or any of the Sub-Depositaries or
from the Secretary of the Committee.
Dated, New Yerk, January 30th, 1922.
B. W. JONFS. SecreLrv.
16 Wall St.. New Yerk City..
Dtfesilarx
BANKERS TRUST COMPANY.
16 Wall St.. New Yerk City.
Sub-Dtt mfri
FIRST TRUST AND SAVINGS
BANK.
68 West Menree St.. Chicago. III.
PROVIDENT LIFE AND TRUST
CO M PA NY.
Fourth and Chettnut Stl..
Philadelphia. Pa.
MERCANTILE TRUST COMPANY.
St. Leuis, Me.
THE INTERNATIONAL TRUST
COMPANY,
Denver, Cole,
JOHN HENRV HAMMOND
Chairman.
BERTRAM CUTLER,
CHARLES HAYDEN,
ANDREW J. MILLER.
FREDERICK STRAUSS,
MELVIN A. TRAYLOR,
Committee.
Te Helders of Certificatea of Deposit for First and Re-funding
Mortgage Five Per Cent. Geld Bends of The Denver and
Rie Grande Railroad Company issued under the Deposit
Agreement dated May 28, 1917, between the Helders of
said Bends and the Committee therein named:
NOTICE is hereby Riven that a Plan and Arreemrnt daleil lanuarv 27, 1922.
for tbr reorganization of THE DENVER AND RIO GRNDE RAILROAD
COMPANY has been proposed by The Western Pacific Railroad Corporation te
the under.iened Committee, and has been approved and adeptH by the Commit Cemmit
ter, and that a copy of said Plan and Agreement of Reorganization ha been filed
with Hankers Trust Company, Depositary under said Deposit Agreement, at its
office. Ne 16 Wall Street, in the Borough of Manhatlin. in the City of
New Yerk The Cemmitter reemmends the acceptance of said Plan and
Agreement of Reorganization by the holders of said Certificates of Deposit.
Each he'.der of a Certificate of Deposit issued under i:d Deposit Agree
ment shall b- conclusively presumed te have assented te raid Plan and
Agreement of Reorganization unless he shall, within thirty davs alter the
first publ.cat en of this notice, that is te say, en or befe-e the first
day of Marcn. 1922, have fild with the said Bankers Trust Company,
Depositary, vnt'rn notice of his dissent therefrem, specifying therein the
Hate or dates and the number or numbers of the Certificates el Deposit held
b him.
In case th- Plan and Agteement of Reorganization shall become effective
as provided bv Article Ninth el the Deposit Agreement, any holder of a
( ertiiicate of Depes t who shall have filed notice of dissent as above provided
may, within ten 110) days from the tir-t day of March, 1922. withdraw lis
bends from depeit under said Deposit Agreement in the manner provided in
Article Ninth thereof, upon pavment el such amount as the Committee in its ab ab
se'ule discretion may " as his proportion of the compensation and expenses of
the Committee, net exceeding en- per cent, of the face amount of the bends
represented by his Certificate of Deposit.
Dated, New Yerk, January 20ih, 1922.
JOHN HENRV HAMMOND.
Chairman.
BERTRAM CUTLER.
CHARLES HAYDEN,
ANDREW J. MILLER.
B. W. JONES Secretary. FREDERICK STRAUSS,
16 Wall bt., New Yerk City. MELVIN A. TRAYLOR
Committee.
Are Your Vital
Assets Protected?
What is of mere vital importance in your business than
your book accounts? At the same tune, what asset is ex
posed te half as many risks and hazards? Therefore
de net hesitate a minute about safeguarding your credit
accounts against losses beyond the normal.
Remember, bad debt losses come without warning!
One of our Policyholders writes: "The losses we have
had have invariably happened as accidents; that is, we
have had no occasion te distrust the accounts until tee
late te avoid less."
Protect your credit accounts, all through 1922, with the
American's Unlimited Policy of Credit Insurance. Ne
ether form of insurance affords se great a service at se
small a premium. Limited Policies at lower cost.
Payments te Policyholders ever $11,000,000.00
AMERICAN CREDIT-INDEMNITY CO.
of NEW YORK E.M. TREAT, president
ISSUES STANDARD UNLIMITED rOLICIkS
W. J. Merphy, Manarrer
J. F. MacFadden, General Agent
1011 Chestnut St. : Phene Filbert 5503
Philadelphia, I.
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