-f
4
TROUT FISHING IS FUN.
Beasts, Birds, Reptiles and Men
. All Enjoy It.
A. BEAUTY THAT WOULDN'T I11TR.
Us Foot &ong, but Ilmpliinl lUita,
Worms anil flmMlioppcM ami AVas ltullet
Proof Tlio Clmrina of tho Golden Trout
or Whitney Creek.
This la tho time of year when the mink,
the kingfisher, the wild duck, the water
make, tho mapping turtle ftrtel the blue
heron, natural enemies of the brook trout
that fifth In season and out, are re-enforcnl
In their warfare upon the speckled Iwautlw
of tho mountain streams by man, the skill
fal foo who fishes only when the law al
town him to do bo it he Is a true sportsman.
Tho brook trout Is one of the gamest, hand
somest ond most palatable members of the
finny trlbo, and he consequently attracts a
largo share of the angler's attention.
BA1M0N RISINO FOll A rLT.
The stillness of tho woods, the deep shade
that falls over somo cool bend in the brook
where tho trout lovo to Ho, the quiet and
caution that must be exercised lest tho wary
fish bo suspicious and refuse to rise for the
fly, tho sudden jerk that thrills tho Bports
man'shand and heart alike as tho tron t darts
away with tho delusive bait nnd tho excit
ing battle that ensues before thoBllppery
prey Is at last safe in tho basket are n few
attractive features of n sport that numbers
Its devotees by tens of thousands.
Tho speckled trout abounds In the small
streams of the northern and middle parts
of tho United States and In the Canadian
brooks. It is very similar to tho common
trout of Europe and is known by several
names and has marklnRS that vary in dif
ferent parts of North America. But like
the rose, no matter whether it is known as
the brook trout, tho Oregon trout, the gold
en troutof Californiaor by any other name,
It Is as sweet to the palate, as beautiful to
the eye and as highly prized by the fisher
inan. There is a great deal said nowadays
about tho proper costume for an angler, nnd
columns nro devoted to n description of hi3
tackle and general equipment. AJB5 bam
boo rod, however, is not tho distinguishing
mark of a true fisherman any more than a
single swallow is an infalliblo sign of sum
mer. Nor aro corduroy coats, wading boots
that reach far above tho knees nnd Scotch
caps absolutely necessary to the disciples
of Walton who would luro the brook trout
from woodland eddies.
Not that good tackle, seasonable bait and
appropriate clothing nro to be despised.
Expensive tackle, if it Is intelligently se
lected. Is a valuablo aid; a book of good
dies is Indispensable if the trout are hungry
THE GOLDEN TROUT.
for such delusions; wading boots are Just
the thing if you nre not content to angle
from the shaded bank, and a corduroy coat
and a Scotch cap aro certainly picturesque.
But I have landed many pounds of trout
with n short, Jointless bamboo rod, an or
dinary linen line and n dozen or two of
frantically kicking grasshoppers. As for
clothing, n darksuitthat has longslncelost
the Sunday best distinction, an old slouch
or a dark straw hat and a pair of ordinary
rubber boots will answer very well.
.One may catch trout without a reel, but
na playing a big speckled beauty Is half the
sport to many llshcrmen a reel often adds
much to the excitement. A first class joint
ed loncewood, greenhoart or nolbwood rod
may bo bought for $15, nnd a capacious fish
bosket, a silk line, a few split shot, a gut
leader or two. a bait box that is strapped to
the body, a few extra hooks, a good knife
nnd a dozen flies will swell the necessary
outlav to 20 or $25. Nothing moro is real
ly needed. Too many trappings, like hope
deferred, make the heart sick, and a fisher
man, who tramps all day in heavy march
ing order will be apt to wonder how Izaak
Walton managed to worry along 00 years
without becoming thoroughly weary or an-
Tho proper bait for trout fishing depends
entirely upon the state of the finny prey's
palate. Sometimes the most appetizing
looking fly, angleworm or grasshopper will
be of no moro use than a bit of red flannel
before a blind frog's nose. One day I came
to a crude plank bridge over a trout stream
In western New xorK. ana cropping cau
tloualv unon my knees I clued my eye to a
crack between the boards and searched the
clear. shaUow water that rippled and gur
gled musically beneath the moss grown
structure. There were at least a dozen
trout, one of which was a beautiful fellow
a foot long, lying on the pebbles below.
Every fin, every delicate tint, every blood
red mark on his sleek slues was plainly via-
MOOR TROTH1 LEAPING CP STREAM.
fble. HowIaelwir.il him' How I coveted
Mm, and how confident 1 .thathewonl.l
soon be playing the "Dewl March In Saul'
on the sides of my willow basket with hi
powerful tall!
But the only dead march heard in tho-v
eo'lltudes that day was the dirge I whistle '
ever departed hopes as I passed on after an
hour's hard work vainly endeavoring to
tempt that big trout with flies, worms and
grasshoppers. I first made a cautious cast
into the stream, but be scorned the fly I
tried a different color, but with no bet te;
effect. I dropped g -ssshopper near biro
but he didn't care for molasses that day.
I dangled a wriggling angleworm in front
of Ms very nose, but he wouldn't have it
In desperation I even resort i 'I to the un
sportsmanlike expedient nt In: rig af him
with arevoher. but be I m t as well
as bait proof. JJemayN f but I
hope the bridge has f.UIe n t.
This big fellow was i 1 or
gorged with food, but i i . 1
Jive worm, asmall MimnoM , . .up
nerwill tempt atrout in n t ' ein l.i failed
the Adirondacks, New York, Mi"-hi .!
hike, Maine, and c 1 . ml. Is ( Cuiiula
Oregon and l'a!if"i-Ti. . ..ii-ail ttitat n . .tu
j
try orooR not too nenr mvilimtlon nuu iu
a cool or tmprate olltnate is fairly well
tokd with this game fish. Up stream
fishing is the popular method among expert
analers for the reason that the trout usu
ally He with their heads up stream nnd are
consequently less apt to take tho alarm
wlini approached from the rear.
A very interesting Bight and ono not of
ten witnessed Is the spectacle afforded by a
number of trout leaping up stream. They
are as limber and wiry as bo many shining
Bteel Bprlngs.and when they come to a shal
low riffle or a low dam or fall that lars
their farther progress they tako a run and
jump, so to apeak, dart out of the water,
and describing a graceful crescent through
the air land xeveral feet farther up tho
stream. When n number of trout nre in
dulging In these ncrobatlcs, tho uninitiated
elwerver Is apt to Imagine, that they are
playing leap frog.
The salmon trout Is even n more wonder
ful Jumper. It is said to swim over 90
miles u day when going up stream, end n
waterfall 12 feet high Is n fitttlo lmrrler In
Its way. A fair Bleed Canadian salmon will
weigh 20 pounds and glvo any fisherman n
battle royal when struck.
The golden trout Is to lie found In but
one stream on earth, and that is tho creek
which rises among the eternal snows crown
lng the summit of Mount Whitney, the
California peak that rises 15,000 feet above
the sea. It Is said that n solitary miner,
who had prospected in vain for gold for
days away back In 1840, became fish hungry
ono Friday, rigged up a crudo tackle and
dropped his hook in Whitney creek. An
instant later n trout that seemed fashioned
of the glistening gold ho had so long sought
lay at his feet.
It was very appropriate that golden trout
should flash In the streams of the Golden
State, but for n moment tho miner thought
his eyes, so often strained in their quest
for yellow metal, hod played him n trick
that savored of mockery. Ijater, however,
ho took tho goods tho gods provided and
had a dinner of golden trout that tho gods
themselves would not have despised. Tho
Wkltnoy creek trout is n vcrltnblo llsli of
narndlse. Ills back Is golden, rod, purple
and brown, and his belly from gills to tall
Is n vivid carmine, Tho usual length of n
big trout Is 8 Inchen, but somo have been
caught that wero 10 inches long.
KARXr. il. JSATON.
NEWS OF THE WHEELMEN.
A French rider who rides on tracks with
his hands off tho handlo bar is punished by
Una.
Tho best milo ever done by n colored rider
was covered in 2 minutes 01 8-5 seconds.
But ono man In eight succeeds in riding n
milo in less timo than 2 minutes 25 seconds.
Schofleld is having trouble about secur
ing his license to race in England.
W. D. Osgood of tho University of Penn
sylvania recently rode two miles In fi min
utes 28 seconds, breaking the American col
lego record by eight seconds.
Harry Wheeler's mile nt Savannah In 2
minutes 23 seconds Is record for compctl
tion on n quarter milo track.
Over 100 electric lights will be placed
around tho track at Chicago so as to permit
night racing.
A Milwaukee paper has presented to tho
Milwaukee wheelmen a magnificent flOO
gold medal to go tq tho novice In the Wau
kesha race who makes tho fastest Mine.
McGraw It an All Hound rinjer.
Ono of theBaltlmoro club'sbestnll round
players is John McGraw, who acquits him
self very creditably, no matter what position
ho is assigned to fill. Ho is a swift and no-
curate shortstop,
a second baseman
who not only
guards the bag
well, but looks
aft or grounders
that como any
where near him, a
clever outfielder, a
good base runner
and a sure batter.
In one champion
ship contest Mc
Graw made six
successive snfo
Mta nml fn nil-
other gamo he ac- JonN M'OUAW.
cepted 10 chances when playing shortstop.
McGraw is particularly well at home as a
Bhortstopand plays in that position with
the Baltimore club. Ho was born at Trux
ton, N. Y., 20 years ago and has been play
ing ball ever since he could swing a bat. In
1800 he made his debut as a professional
player with the Olean (N. Y.) club of tho
New York and Pennsylvania league. Tho
followinir year he did such good playing
with tho Cedar Rapids team of the Illinois
and Iowa league that the Baltimore club
secured his release. He has been an Oriole
ever since nnd is considered a very valuable
player.
Tho International Bicycle Races.
The committee in charge of the interna
tional bicycle races to be held in Chicago
during the week beginning Aug. B has ar
ranged the following programme, which
will Interest cyclists:
First day Ono mile, novice; half mile Il
linois division championship; two mile, 5:50
class; half mile handicap; two milo Illinois
division cbampionship;one-third mile.open;
five mile handicap, open; one mile, open.
Second day Two-thirds mile handicap;
one mile Illinois division championship;
one mile, 8:00 class; two mile team race:
quarter mile, open; five milo Illinois cham
pionship; one mile handicap; two mile lap
race.
Third dayOne mile novice; one mile
handicap; quarter mile national champion
ship; one mile, 2:40 class; five mile national
championship; one-third mile scratch; one
mile ordinary national championship; two
mile handicap.
Fourth day II ,lf mile national chain
plonship: one mih r.itch, open; two mile
national chan: ; MiiuMp; quarter mile, open:
two mile tancUm national championship;
two mile li.iudicap; one mile tandem na
tional chumploubhip; half mile, 1:20 class.
Fifth day One mile novice; half mile
handicap; one mile, 2:30 class; six mile in
ternational championship; half mile, open;
three mile handicap, one-third mile open;
two mile international championship.
The best
builders usa
only the best
materials-
lumber, brick, lime, cement, sand
whatever goes into the construction
of a building; they employ only the
best workmen and pay the best wages;
they get better prices for their work
than their less careful competitors,
and always get the best contracts;
they paint their work with
Strictly Pure
lite Lead
manufactured by the "Old Dutch"
process of slow corrosion ; the
John X. Lewis & Bros.
brand. For colors they use the Na-
I tional Lead Company's Pure White
Lead Tinting Colors. These colors are
sold in small cans, each being sufficient
to tint twenty-five pounds of Strictly
Pure White Lead the desired shade.
Thla brand or Strictly Pure White Lead
and National Lead Co. 'a Tintine Colors, are
for aalc by tbe moat reliable dealers In palnta
everywhere.
If you are going to paint, It will pay you
to aend to ua for a book containing fnforma.
lion that may save you many a dollar; it will
only coat you a postal card to do ao.
JOHN T. LEWIS & BROS. CO.,
Philadelphia.
TrlMn.
Pompey Ione Soott was nooountod the
old art Inhabitant of Vlnebury, though no
body knew Just what his Age was. I'om
pey's reply when questioned on this (mint
usually displayed the mixture of shrewd
newt nnd simplicity whiuh distinguished
his character.
"I nln'tgot de date uv my burf put down,
'honey." he would say. "an I hab to go by
guesswork. Wen I tlnk oh all die yer
nigger has seen, 'pears like I mus' bemoro'n
n hunderd years ol'.
"Hut w'en I reflex on w'at I'orapor Ixrjne
Scott hab done an hab lam sence lie lieen
llbbln In dl yer wnrl, sho, ohlle, I b'lleb he
Jes' some trlflln age, like twen'y-flvo, sayl"
Youth's Companion.
No 'Vimlr.
Mr. rjlnylate Why, my wntch has
stopped.
She I'm not surprised. You haven't
wound it since you came. Brooklyn Life.
A Hoy's Ambition.
Thero is, as a rule, nothing moro lofty
thnn the ambition of a boy of 5 who has
looked carefully over the wholo rango of
human endeavor nnd made up his mind
what ho Is going to be. A lad of that ob
servant ago known to nil of his kind ns "go
ing on C" was nsked the other day If ho ex
pected to beconio n lawyer like his father.
"Oh, no," said he, with a positive shake
of his head. "I'm going to be a captain of
a big ship, nnd I'll sail out west and bom
bard the Indians on the plains." Harper's
Magazine.
Tho IllKlit I'erson.
Stranger(nt the door) I nmtryingtoflnd
n lady whohe married nanio I have forgot
ten, but I know she lives In this neighbor
hood. Sho Is a woman easily described,
and nerhnps you know her a singularly
beautiful creature, with pink and white
complexion, senshell ears, lovely eyes, and
hair such as n goddess might envy.
Servant Ilenlly, sir, I don't know
Voico (from head of stairs) Jane, tell tho
gentleman I 11 be down In a minute. xun
kee Blade.
Without Delay.
Fond Mother (listening to baby's cries)
What n sweet toned voice sho 1ms, dear!
Sho'U be a splendid singer. Wo must send
her to Italy nnd have her voico cultivated.
Brutal Father (trying to sleep) Send her
now. Tit-Bits.
A Complete Cure.
Herdso Do you believe In the faith curef
Snidso Yes. One treatment cured all
tho faith I had. Vogue.
Hereafter.
He Do you believo In a future state?
She (eagerly) Of mntrininnyf Detroit
Free Press.
Mrs.
Elizabeth ilesscv
Ilaltimore, Mil.
Rescued from Death
All Said
Sho Could
Month
Not Livo a
Xaiv
Alive and Well Thanks
fo
Jlond's Sarsaimrllla.
" I must praise Hood's Sarsnparilla, for It Is
wondeiful medicine. I suffered 10 years wltlt
Nouralgla and Dyspepsia
and fnintiiig prlU. Sometimes I would
bo almost still with cold perspiration. I spent
a (treat deal of money for medical attendiinre,
hut I did not get any lienellt until my daughter
told me about Hood's Kar-sapai Ilia, and 1 Penan
to take It 1 weighed less than 1 oo lbs, and was
A Picture of Misery
Every one who saw me thought I could not
live another month, lint I began to improve
at once after bexinnlngultli Hood's Sarsapa
rilla, and have gradually gnined until I am now
prrfrrily curi'd. I cat well, sleep well, and
am iu in feet linitili. 1 owe nil to
Hood's Sarsaparilla
Instead of being dead now, I am alive and
elll t il ill.." MllS. KUZAKETlt JlBSSKU,
l'J Halt Harney Street, ilaltimore, Mil.
HOOD'S 1'ILT.S are purely vegetable, per
fectly hariului, always reliable and beneficial.
CURE
YOURSELF!
trotibledwithClonorrhisiiv
.'et. Wliltes.Spermatorrhasaa
ny uniiotiiriiUMK'horeeaikt
your drugglht lor a bottle of
Big ti. It ttiri'S In fl ferric
1 wlthoii the .-id or publicity of
doctor. Not.-DOlsonmia anil
ieuaranteed not to Uricturs
PWwtii! Ai.mlean Curt.
Manufactured 1
I Chemical (
CINCINNATI, o.
2
IjIjOYD'S
SALOON AND RESTA0RAf 7
it tM Centre fltrect.
The bt har, ilea, porWr, nkfaUlaa, oraodlf
auw BU enaal elgar always on band
KOBFRT LLOD, Prop
FIRE INSURANCE.
arreat am oidaat rmiblt puratj eau
pool repraavaltfd its
120 S. Jaroip St., Shenanooah.pL J
OFFICE OF THE
&
RAILROAD COMPANY,
Philadelphia, May 27, 1893.
To tlio Stockholders and Orodltors
of tho Philadelphia & Roadlng
Bnllroad Company.
The Hoard of Managers lierowllli present
tho fo lowing plan for tho readjustment of
tho nC'ilrs of tho Philadelphia and Heading
Railn m ComiKiny and tho 1'hllatlolphla and
Mending Coal nnd Iron Cominuy, anil tho
fundli gof tho floating and other Indebted
ness now In default:
PLAN.
Tho PhtUdelnh'ft and Rending Itallrond
Oomrany will crcnto an issuo of thirty-jcar
collateral trust gold bonds, bearing six per
oeuU Interest free of taxes, of tho par value of
TO.OOT.iOO, to bo sccu ed by Iho mortgjgo or
puugi ioiiio iToviucni. i.iio anu tium uim-
my i I'nuaiioipiua, irusieo 01 inoiouow ug
Ulriof chares and bon is Inc uu ng those
now pledged nsfecurlty for lio.i ou.ogo
collateral trim ixnnn ol janunry 1
WJl. which will bo canceled :
310,30 ,000 general mortKngo Is to b' Issued
mo rcorBiiniziuion pinn 01 ictu, Jan
uary 1. 189H:
10 300 00) coal nnd coiil accounts :
ar, tux mx) mu timont notes.
NOT! '. (Tlio shares and bonds pledged for tho
scoi riiy ni mo ?iu,mxj u u ronnierai iiuHijoan
otlilWbavo n par value of lb,Ml.toi) and
wore estimated as worth nt tho timo of ilic
creation of that loan. JI3.C2.'i,013. Other
scci rltlcs of tborhlUdclnhta.IInrrlsburgnnd
Pitt burg 1 tall road Company, n d of other
roads, amounting In tho aggrento to tho par
valt o of "),0 l'J. 51 5 nro to tie added nnd becomo
imn of the security ol tho present Issue. )
Tho li.ceme from tbeso securities
dutinc tho lMRt vcar nmounlen
to 8 875.030 00
ineiitno lor mo payment 01 mo
equipment notes win uo ex
teudtd by tho trustco of tbe
present loan. In consideration of
tho paymout of sli per cent.
Interest per annum and a com
mission of two Per cent, count
to.. .. 400.U00 00
Tho s im of 510,000 fOO, part of Iho
proceeds or tnia issue, is to bo
transferred by tho Phllatl'lphla
and Heading itnllroaa Company
to tho riiiladelphla and Heading
Coal and Iron Company throueh
tho National Company (of which
nil tho Miares nro owned by tho
Coal and Iron i ompnny), under
n c ntract which shall pledge to
tho trustee as a part of tho
so' urlty fur tho present lssuo of
bonds. sbii'CS of tho said Na
tional Company and Its obllcu-
tlon for tho said amount ol If 10,-
000.U0, to bo secured by tho coal
and coal accounts of tbe Coal
and Iron Company now amount
ing to upwnr j of tlO.IKKJ IXX) nnd
sbkll further st pultlo that such
coal and coal accounts shall
always bo kept up to that
amount or mado good to tho
satisfaction of the trustco nnd
ha'l further rcqulro tho Coal
and Iron Company to pay to tlio
trusteo six pe r cei't, per annum
upon such cdvnncis and a com
mission of 200,(100 per year,
equal to t0,( IK)
(Tlio present contract with the
Finance Company (substantt
ally similar In cha actcr to that
proposed to le mado with the
National Company), which that
company bas agreed to sur
render, provided lor an nlvanco
of 81,000 000 (which was buIho.
quently Incrcasod to J3.000 000),
hi too rato of 0 per cent, nnd a
minimum annual commission
ofHIEOOOO. Under the proposed
arrangement tho Interest nnd
commission will all g to tho
trustee for tho Payment of
interest r tho redemption of
tho bonds of the railroad com
pany, nr. If not required for
thf so purposes, wl 11 be paid over
to the Ka'lroad Company.)
This would Ktve a present annual
r cnuoof 3,1J5(110 00
Thu Interest on the lo,to.!,tro
gcneril mortgrce bonds', avail
able aftor 1898 will bo 414 SJO 00
Malting a total of $ 2,510,150 00
Tho eollitcral trust bonds will bo redeem
able at any timo befbro maturity at ono huu
drcd and ten per cent, of their par value, and
tho mortgago will authorize the trustco to an
ply tho surplus incomo or tho proceeds of tho
sales or realization of any of tho securities
pledged until 18!W and thereafter, so much as
may ho determined from timo to timo by tho
Kail road Company, to tlio purchase of said
bonds nt tho host prices oblainahlo, or, if
necessary, to draw tho samo lor redemption.
Until tho Issuo of tho $10,:iB3,000 of ncuoral
mortgage bonds, tho collateral trust bnndt
purchased or redeemed shall bo retained as
additional security lur thnso outstanding, nnd
thereafter all bitch bonds held or acquired by
thu trustco shall oo canceled.
Tho company is to
now Issuo 1.2,0110 0I
of bonds nt 93 per
cent KO.floO.ODd
to Iebuo for tho
use of tho com-
riany as work
ng capital, and
for ad ltlonal
real or personal
property,
1H!U. NIXXI.OOI
1801 1!.0m0,(XI0
160.-1 2 000,01X1
1811 !!0O0.(XK
8,(KX) 000
Total f30,0O0.000
Tho $8,000,000 of lioiids reserved arc to bo
used from timo to lime for working inpttal
and in tho acquisition of additional real or
iiersonal properly, and if not needed during
thu years ntnicd, tho bonds may bo Issued
during any subso juent years. Any additional
real or personal property purchased out of the
proceeds or any of tho bonds or this issuo
will ho transferred to tho trustco as addition'
al security.
Tho floating indebtedness, which will bo
liquidated out ol tlio proceeds of the $!.
000,000 collateral trust bonds now to bo Issued
consists of
1! lis payable ltallroad
Company .II,S82.7I0 Si
Coal and Iron Company 6,:iai,l21 61
ltallroad Company, tor
materials, suppll's, In
terchange of irnlll a oar
service, etc Ji.t'o txxi
Taxes, etc........ . 400.UU
Coupons duo Apl
1st, 1893. im
prov o m o u t
mortgage .. .. . 280,000
Coupons due Jno
1st, 1898, con
solidated mort
gage 018,000
a,7I8 0(10 00
Coal and Iron
Co., coal pur
chases 11.360 000
Materials, sup.
plies, etc 330 000
fl.fiOOOOOOU
5,218,000 00
IM.Ml.nloM
Equipment notes mat ring 'lH-'03 S 000,000 00
Totil
119,091.910 80
Note (Certain claims
urislng out of
transactions in shares of tho Boston and
Maine Railroad and of tho Now York and
Now England liailroad Company aro omitted
irom aoovo statement, but navo peen so ro
durexl by thosaloof securities that tbey will
not interfere with Iho accomplishment of the
plan.)
Tho pilvilego of subscribing to the said $22,.
000,000 of lionils at Do per cent la to lio of
fered to tlio stockholder! and creditors as fol
lows: 11 806,000 general mortgage bonds, 10
per oent.. 81,41, VWiHW Jl, 208,976
$28,(60,' 00 rlri preferonco incom
morigace, iu per cent fi,w,u ju ui
9S..
2 2lS,m
Sis,l7u,ui0 second (reference. Inooiue
mortgage, iu percent., ai,iu,iwui
9 1,530,720
$l4,)l,ono third preference Income
mortage, 10 percent., $1 880,400 nt
I . ... ... ..! 1.733.850
SU'iTra.iO i deferred Inoorna, i pore nt
(jiHSO.OSO nt ! 788,678
800 707 shares of capital s'ock at 1S
per share, S9.008, (SI nt W 9,im.W
l,V7Ml
Subscriptions havo been obtained. In mn.
sldcration of a commission of 5 per cent..
from financial Institutions and others In take
all of tho bonds not taken by tho creditors
and stockholders of tho company.
mo mnaing oi sucn nn issuo is conditioned
upon ,
(a) 'X no agreement of tho Lehigh Vallnv
ltallroad Company to reditco tlio minimum
fixed rental to a sum sulllclcnt to pay an an
nual illvldcud of fi per cent, on IU capital
stjck.
(b) Tho ncrcemont of tlio holders of over
00 per cent, of tho general mortgage bonds to
sell their registered Interest or coupons as
they shall mature, beginning with that of
Inly 1, 1K93, and Including that of January
1, 1KM. to tho Pennsylvania Company for In
surances on lives and granting aniiulltics.
trustco, to bo held as security for
an Issno of coupon trust certificates,
together with tho Interest and coupons
purchased (with tho option to tho bond
holders to tako such certificates at nan. In
caso tho turnings of tho company applicable
thereto shall not bo sufllcicnt to enable II In
pay said Interest and coupons at maturity
Tho said certificates shall bo redeemable at
10.1 for cent, of their par valuo and nonrued
Interest, and In cafe tho ltallroad Com
ri.my shall, In any year, havo net earn
ngs after tho payment of tho e-oti pons and
Interest on said bonds, maturing In that year,
Btiillcicnt In tho judgment of tho Hoard of
Managers for that purpose, tho railroad com
pany Bhall and will appropriate) tho samo to
tho purr.haso of tho sa'd certificates at tho
best prices oblainahlo, or to their redemption
at 105 per cont. of their par valuo and ac
eriicd interest, tho said certificates to be
drawn by lot under tho supervision of the
trustee, and when so drawn said certificates
and an equal amount of coupons shall be
canceled.
In consideration of a commission of two
and a half per cent., payahlo in ten semi'
annual installments, a subscription lias been
mado np to tako nil tho coupon trust cert I II
catos at par not taken by tho bondholders.
(c) Tho agreement of tho holders of the
bonds of tho 1'hlladelplila, Mending and New
Kugtand ltallroad Company (guaranteed by
too l'liiiancipnia anu Kcautng uaiirnad Com
wny) to accept payment of tho registered
interest nnd coupons as. they mature (be
ginning with that of May, 18II3) for three
and a half years In tho n per cent, mortgage
bonds of tho said company, nt par, tho cam
lugs of tho road to bo expended upon tho
property; or nn agreement to rclako tlio
property nnd release and Indemnify the
Kcadlng Company from nnd against its
guaranty.
(d) Tho agreement of tho holders of tho
bonds of tho Gettysburg and llnrrisbtirg
ltallroad Company, tho (lettysburc nud liar
rishurg Itailway Company, nnd of tho South
Mountain Itailway and Mining Company,
guaranteed by tho Philadelphia and Heading
Itailroad Company, to fund their coupons as
they mature, beginning with Oct. 1, 1803, for
flvo years, iu tho G per cont. thlrt)-year
bonds of tho Gettysburg nnd Uarrisburg
Itailway Company, at par, or an agreement to
retako tlio property and roleaso and In
demnify tho Heading Company from and
against its guaranty.
(o) Iho agreement of tho holders of tho
bonds of tho Lancaster nnd Heading Narrow
Guago Kailroad Company to extend tho samo
from July 1, 1803, for twonty-fivo years nt 4
per cent., or .an agreement to retako the
property and roleaso and indemnify the
Heading Company from and against its
guaranty.
(1.1 1 no agreement ot tho Holders of tlio
bonds of tho Philadelphia and Frank ford
Itailroad Company to provido tho funds to
romplcto that railroad upon terms to ho hero
after arranged.
(g.) Tho stockholders of tho Philadelphia
and Itcullug ltallroad Company, or sixty nor
cent tncreoi, to agrco to transicr their snares
to Joseph S. Harris, Klisha P. Wilbur,
Thomas MeKean, and two others to bo hero-
after named by the Hoard of Managers,
Trustees, to bo held by them for seven yoars
IrouiJuly 1st, ibu.i, in trust, to elect Irom
your to year, according to their best iudg
incnt, a president nnd board of managers, ond
to oxorciso tho control thereby given over the
affairs of tho company in such manner as to
best promoto tho interest of tho creditors and
stockholders of tlio company, and in purlieu
lar to provcut tho incurring of any now
obligations which shall bo beyond tho ability
of tho company to meet as they bocomo duo
and payahlo.
It Is m-reHinry Hint tlio stockholders and
holders of tlio general mortgage bonds and
tlio bonds of the titllliatt'd c intipatiloH named
In the plan Hlioiild glo llielr UK-riit to the
plan of readjustment and become parties li
the M'eriil agreements In which they
respectively lnu'renleil on nr lieforo the
said tu-eiity-liVxt day of June-, lull.'!, AND
UNI.UVi, IN Till: JUIHJMIINT Ol'
iioAitD.Tin: assuxtoi'tiih i:i;ouisiti
nidi unit oi'" citniiiToits ani stock
iioi.Di:iit siai,i, iiavi; hi:i:n ui:
OKI Vi:i 11V THAT DAY, Til K SVNDICATI
HiiiKouiPTioNs ivn.i, in: i:i:i.i;.si:i
AND Till', VluXJi AltANI)ONi:i),
Tho assets of tho holders of moro than 00
per cent of tho general mortgago bonds and
liO per cent, of tho capital stock is inilis
Tiensahlo.
Copies of tho agreements to 1h signed by
the holders of tho general mortgago bonds
by tho stockholders will bo found at tho olllco
of tnccompany, No. 'JXi boutu Fourth street.
Philadelphia, tho Farmers' Loan and Trust
Company, Now York, and Dashwood House.
Old llroad street, London, nnd of tho other
agreements at tho Philadelphia oihee.
In caso tho requisite number should glvo
tnoir assent and tlio plan no declared opera
tlvo, a call will then bo Issued for tho pro
sentatlon of tho bonds to ho stamped in ae
cordadco with tlio Bovcral agreement', and for
tho transicr or tlio shares to bo exchanged
lor paper cerinica'es oi interest; and sub'
BCrlpilons o tho j-,'10,000,000 (1 per ccut. col
lateral trust funding loan will bo received
from tho creditors and sto"kholdcrs of the
company, nt tho olhccs of tho company in
Philadelphia, New York and London, from
tho 22nd to the 30th day of June, 1803, both
Inclusive
Installments of tho subscription price will
bopiyauieas ionowsi
Ten per cent, on July 1, 1S03;
Twentyflvo percent, on August lfith, ISiiq
xiuriy per cont ou neptcmuor lotli. lbl)3:
Thirty per cent, on November 1st. 1803:
Negotiable receipts, convertible Into tho
bonds upon tlio payment of tho filial Install
nicnt, will bo Issued, and interest will bo ad
justed to tho dato of tlio bonds,
liy order of the Hoard of Managers,
JOSEPHS. llAItltIS, Prosidont.
May 27, 1803.
EXPLANATORY STATEMENT.
Tho conditions to which tho creditors and
stockholders of tho Itailroad Company aro
requested to give tneir assent, unit which
must all bo complied with befuro tho plan
can bo put into operation, aro believed to ho
entirely reasonable In explanation of their
necessity mo loi lowing statement is respect
fully submitted i
It is'obvious that tho largo floating in.
dchtodncss of tho company must bo found in
somo permanent tonu be I ore tho receivership
cau bo terminated. At tho present time,
and iu tlio present condition of tho company.
this can only bo dono by nn Issuo ot bonds
bearing 0 per cent. Interest ut a discount ; but
tho interest upon tho new bonds will bo
much less than the previous cost of carrying
tho floating debt, llio avcrago charges paid
during tho your 1892 upon tho iloatlug debt.
including commission on rcnowal, amountod
to over v per cent, per annum, tho interest
upon equipment notes amounted to about 7i
percent, per annum; and tbo principal loan
upon tho a jicr cent, twenty-year collateral
trust bonds of 1802 was obtained under a
contract which gave tho lender an option to
take them at oil per ccut. or tneir par value,
A largo saving In tho annual charges of Iho
comjK'iny will, therefore, bo effected if this
indebtedness can no rciunueu as proposed,
and largo amounts of third preference bouds
and other securities, now pledged anil liable
to sale, will bo redeemed aud returned to tlio
treasury of tbe company.
it Is equally obvious inai tne uoating in
debtedness Is of a character which must for
tho most part be provided for under any plau
of reorganization.
The unsecured indebtedness upon open
account, aud now overdue, lucurrod for
materials and supplies, or In the purchase of
tho Interest upon tho mortgago Indebtedness
prior In lien to that of tho general mortgage
might nil bo taken up, according to tho
precedents established in former receiver
ships, by tho issuo of recolcr's certificates.
1 no remaining floating debt, consisting of
bills piyablo, which will all become payable
within n fuw months. Is secured bv thonlcdgo
of shares and bonds, or coal and coal no
counts, or consists of equipment notes. Tho
shares and bonds pledged as collateral
securby glvo to tho Reading system tho eon
trol of branch and connecting linos which
aro essential to Its prosjierlty. Tho coal 'jow
... 1 t T.i... r, ....
uiiiii-i uiuujuiiiii ui um 1'iiiiiiicu lyOiupaiiy,
If sold at forced salo In foreclosure p'occcd
Ings, would Invnlvo hoavy in Mental losses.
I no roiling stock, which secures tho equip
ment notes, is nccsssnry for tho full nnd
prolitnblo operation of tho railroad.
The terms of tho income mortgages
prevent the making of n subsequent
fixed clmrgo upon tho earnings of the
Itailroad Company, nnd consequently
tho collaterals already pledged as security
lur ino uoating lmicutcduoss, and tho
general mortgago bonds, amounting to $(),
303,000, to bo issued January 1, 1608, as pro
vided in tho plan of re-organizatlon of lhSO,
const! uto the only available basis for a now
loan, it tno property ol tbo Hatlroad and
Coal nud Iron Companies can ho held together
nnd worked to nd vantage, and the floating
indebtedness liinncil in permanent form, tlio
incomo from these collaterals will moro than
sulllcc to pay tho interest of tho loan and
thus tho present uoating indebtedness bo car
ried w ithoul increasing tho current Interest
charge's of tho company or encroaching upon
tho en rnlngs dedicated to tho Incomo mort
gago bondholders
The reduction of tho fixed charges, under
tho leneos or guarantees created subscciuenlly
io uic incomo mortgages ot imhh, is as oss n
lial as Iho funding of tho floating Iiidohlcd-
ins. Iho terms ot those moitgagcs express
i turbid tho appropriation of tho earnings to
ho payment of subsequent rentals nr guir
lets, nnd in in tlio present condition of tho
company Its proinlso to pay such charges is
worthless, A connection between Iho Head
ing s.istcm and tho lines of railroad acquired
subsequent to 1R88 in of mutual advantage,
but nil that tho Heading Company can doit
to treat each property fairly, to keep Its
larnmgs separate, and m caso they aro not
nouj.li to pay tho stipulated rentals or guar
intces. to Bccuro liidiitgcneo until tho earn
ings of the property Itself will ensblo it to
pay its own ilxcd charges.
Tho agreement to fund tho general mort
gago interest is of oven moro importauco
I here should bo no possibility ol a dclaull
luring tho next flvo years, and as all better
ments and improvements must bo paid out of
(ho earnings, tho right to lund tho interest
luring that period is a fundamental condition
toanypafo reorganization of tho nllalrs of
ho company. During tho last livo yoirsthe
ompinyhas paid $8,ai7,l7n.l0 In Interest
upon tbo incomo mortgago bonds. It is
proposed heretl'ter to excrciso the nrivllego
given by tho terms of tho Incomo mortgages
and to chaigo against Income tho entire cost
of maintenance and ronowal, "including
such rensonablo Improvements thereof and
additions thereto as shall bo necessary for tho
afo proper, and economical ' operation of tho
property; and it mis should require the np'
propiiation of an amount equal to thu
amount paid upon thu Incomo mortgage
bonds and tlio cntlro Interest on tho general
mortgigo bouds duiing tho next flvo years
P,uut),()UU) ami tno earnings should ho as
largo as they wero during tho lust flvo yi'ars
iimil thoy should bo larger, as both the past
md future expenditures in tho Improvement
of tho projicrty should ho productive), thero
would, U necefsary, no upwards ol if 17,000,'
000 S' cured for tho uso of tho company dnr
mi? mat period under tno provisions ol this
plan, In addition to tho proceed i of 8,000,000
ol present issuo ot bonus. Whatever is re
quisite to put and keep tho property in good
condition will bo so expended, but it is not
anticipated that it will ho necessary or pos
sible to spend, in operation and maintenance.
all the net earnings in excess of tho interest
upon tho mortgago indebtedness prior to tho
general mortgage, anu, n tno net Incomo
shall bo sufllcicnt, tho interest on both tho
general and incomo mortgages will bo paid
In tho present juncture of affairs, huwuvcr, it
is essential that tho payment of even the
goncr.il mortgago interest should bo volun
tary and not compulsory, and It is upon tho
condition that tbo concessions above eiiunio-
rated shall ho mado upon tho fixed charge's of
ino company, nnu mat mo control of the
management Bhall bo given to vo ing trustees
for soven years from July 1st. If 1)3. that tho
subscriptions, amounting to over $29,000 000,
to tho collateral trust bonds and general
mortgago coupon trust certificates have been
secured,
Tlio most Important concession has already
been agreed to by tho Lehigh Valley ltall
road Company, which has consented, upon
tho condition that the plan is put in n,ioia
tlon, tomako a reduction of its minimum
fixeid rental to a sum sufficient to pay a dlvi
dend of five per cent, which is believed to bo
less than can always bo earned by its own
lines when'oporatod in conjunction with the
linos or this company. Tho importance to all
ititeiesls of re taining the allianco with that
company, if it can bo dono without cost to
Iho incomo of tho Heading Company, is man
ifest, while it is equally advantageous to tho
owners of that pioperty that it should bo
o;crattilin conjunction with tho Heading
system.
Tho Pullman Company nnd tlio Messrs.
liurnham, Williams & (Jo , havo agreed to
surrender tho equipment notes held by them
and tako an immedlato settlement, which can
ho mado out of tho proceeds of tbo collateral
trust bonds, if tho plan Is accepted. Thcso
notes amount to over SS.OtW.OOO, and nro a
Hen on cars nnd locomotives, which aro a
necessary part of tho present coulmnent nnd
(if not sctthd for according to tho terms of
tno plan) must bo paid out of tho earnings in
tlio coureo ol tho next flvo years at tho ex
pense of the mortgago bondholders, or tho
equipment Will bo lust.
Mention should bo mado of tho liberal
manner iu which tho Finance Company met
Iho viows of the management, and consented
to suricudcr its contract for handling thecoal
aud coal accounts of tho Koadlug Coal and
Iron Company, provided tho proposed plan is
adopted.
It is propor that tho management should
gratefully acknowledge that tho subscribers
to tho proposed issuo of collateral trust Loud
and coupon Must certificates (composed
chiefly of tho trust companies and other
financial institutions and individuals of this
city, but including also a considerable num
ber In other cities) havo been, In largo incur.
uro, influenced by a friendly doslro to assist
In restoring tho company to solvency, and
thereby averting from its creditors and
stockholders tho lossos which would result
from foreclosure. If tlieso lornu nre ac
cepted by tho creditors and stockholders, tho
porsonal property of tho Company will bo
savod from sacrifice; the Integrity of tho
system preserved; tho creditors will get all
that tho property cams, and tho Company
will havo substantial relief during flvo yoars
for tho development of lis business. If they
are refused, an issuo of receivers' certificates
must bo mado, or default occur In intoreet on
tho prior mortgages; the control of tho lines
acquired subsequently to tho reorganization
may bo lost; tho securities aud personal
property sacrificed, and the task of reorganl
satloi) bo undertaken under tho pressure of
Impending or after actual foreclosure, and In
either ovent tho tnouoy, or tho larger
part of It, now tendered must still
ho raised by tho creditors anil
shareholders or tho earning power of tho
compauy ha porniauontly and seriously
crippled. In viow of tho present nondltlon of
business aud of tho necessities of tho com
pany, It Is ofsentlal that It should ho known
at tho earliest day possible whether tho plan
can bo carried into cll'eof, and tho gist of
Juno has been fixed, therefore, as tho limit
within which the creditors and stockholders
must bocomo parties to tho agreements In
which they nro respectively. Interested.
Copies of the agreements to bo signed by
the holders of the general mortgago bonds,
by the stockholders of tho company and tho
holdors of tho bouds guarantees! by tlio
Philadelphia and-Heading Itailriad Company,
mentioned above, can be obtained at thu
office of tbo company.
All of which Is respectfully submitted,
lly order of tho Hoard of Managers,
JOSEPH S. HARRIS,
President.
May 27, W3.
irstNationalBanH
THEATItE HU1LDIVO
Slictiandonli, r. mJB(
CAPITAL -
VT. LKISHNH1NU. PresldeM.
P. J. FKHOUHUN, Vtc Pr,.i
i. it. i.r.inr.munH, i-asn cr.
S. W. YOST, Assistant Cchl
Open Daily From 9 t, J
3 PER CENT.
Merest Paid on Savings Doposi
USED BY ALL ROOFERS
.T. O-. X3C33vE?;3i;X..'?J
ELASTIC
Rubber Cmsuf
For Slato,-Tllo, Tin or Iron Hoof
Sold In all slzo packages from 10 pound np
Pointing un and renilrlne nil cruclrnn mm,
on all kinds of roofs, nnd around oblinnsjJ
coping stonos, skylights, dormer window!
gutters, wood or stono fcork, breaks and ni
noics. or uny place 10 oe mnop wnier-ll ht; u
rquuiicu lor laying nnu oeuuing "LiA 1 1; ti
i ii.i. iiuuen, niso copings, 'i ney WD-ner
lontcor booomo loosened HU vorvndi.th
slicks firmly to anvthlmr. forming n inni
Icather-llko skin ovor tho top, will not run tl
loosen from Joints or cracks, summer or wlil
tor. This cement needs no rcforenep u ,J
stood tho toot for thirty-two years, nnu iuv3
i.vus vo givo perioci saiisiaciion. it i til
most useful nrtlclo n roofer can have in hi
jump. Tho cement Is prepared ready for i,J
an is io do nppuen wnu n trowel nnu i- kou
moist by keeping covered with watfr or on
and will uotget stiff or dry. Colors, brown a
uiaca. le.sianiisneu iwi ) Address,
J. U. HISTZKL, 69 Maine St., Newark, N. j
jraieAi uuirer, zoo n, hKui,u mi Fbiiao c r.
Are tho oMentln America for the tro-itim nt t
Ipecinl lHnti?n A YomtiWi! F.t or
Varicocele, IlylrorMo, KtipiurA ' M. .,
Tronttnrnt Mrll n Nppi niJly. -nnttlcatii'tiR
wirr'Uy tmflrtr'itui - ik nu-i'iin
lun!c. Oflt. PlmarsiO M. tn'i ; M , i ,'(
U All flay is .runiav v ' r 12 A
A8RAM HEEBNF.R 00
PORT CARBON, P.
Manufacturers ol
S Of Rvory Dearrtptlor,
lags, Baoges. Caps. Reg ana
a-FtMEST rjnnns iowem urire
Wrlto for catalogue?. Correspondences illelh
Rheumatism,
Lumbago, Sciatica,
Kidney Complaints.
camo Bad;,
DR. SAHDEH'S ELECTRIC BEL'
With Elcctrc-Mngnetlo SUSPENSORY
juiict 1 menu 1 licrh improvements
Will euro without mod lot no ainwiu.M ramltinprfrot
overtaiftttoiMit biTtln m'i e foici i excrse8rindl
crellon, as nervous debility fIuim IAnncss. lanpuo
rheumatism, kidney, liver and LinMer comnUlm
lame buck, lumtmgo, Eclatton, oil fViualo coiup mil
freneral III licflltli, etc, Thla fleotrio Kelt ci ntoii
YlonderM !w provrmf n W over fill other. Current
JnfUntly feltly wearer or we forfeit 85,000.00, m
vrtllcui-ttRllot tho nlxivo rilpenses or no .v, Tho
Bands have been cured br this marvelous iiivpwk
after all other remwlleH failed, and e (rlvo bundWC
of testimonials in this and every ol Irt nte.
Our Fowfrful ImprortMl 1 1.UTK1U fcH SrFNSUItY, tt
pTPutest boon over offi-red vi-alc men. Hi Hi Hbi
Ileltn JlraUh snl lRorU. Mrenslli Cl'AItU ITr it In W) I
IMJdayi. bend forllius'd l'am,)hift, iimiletl,bciUcd,fiT
SANDEN ELECTRIC CO.,
Afo. 830 IIItOAUWAV. NKW YOK! CITY
bcinw Green, Vlitlalt iph
ATTER tbo fautlt hjBlclaa, tb.- t
litl and A iTllwnjt doctor tar rfcJH
aa ell m iuck lic 1 rvtuUe to out
you tfu-r all otlir-rs UJ1. and ic jirffT
a rltuu gunrutie, frM adti', In
trealntrut) uiid aPcr tbe belt nuiiO
Ui IU nisnuractun-r, vllb their
called toWt rotoralUw, tnt.li!,
Purtera, and oilier secret uoitrum Ium
ug cODoeru. lie bm cure nn Ju'lo
eio . iic , bate nlodlcd aud r-l.ltdf
TlIENito andcouiult 1)H. Q T TUl
bahaa bad 0 jttt' European Hospital and SC jmn 1 rMl
tl experience. Ka eiimliiwt by tilni. h 111 cub. Ml teUj
lw'iher TourciM la curable cr not. Hi rti t notiuurnttee.w
loin be claim ti bOod'a equal, I ti he ltt urc tin mo4
Farato caw cf SyrallU, UKpra, Stilctorei. Uoror
tlsou. and Dlacharges. hud. nra fmn llalawJiOii."
.liulieariedaria,aulB,ll ihoitorliH. .M-d fioui cirwrtaof youtM
lndlcrtlon. of botli et , t- rum ft a cure. FoieniM
UU. THEI diwa cura what U ii-r nuij claim (jd. M
IHEEL ua eonniion a-ue tivnii . nr. Hi ot-niblue lln- AH
palblo, tloroceoitattila, aad Krluollo aralema nr ntnlleloe W
iver tbey am ludtaatisl. Jl.mr Iallr. V t 3 o il-'fc
niffa, C to 8 , Wed. and Hat i nB Irom 6 to 10 o clck , W
drt, Q to It. Kend 10 ct. wih of let. tartii for ai
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rouof, aod niiddli) agmlnlbtb at'Hi-a. Uriteoroll a01
(loetnra arn1nf jou aalnat medical booka : thy art- afraid ft
M1 Hnd tli'lr Iftnoranoe eirxMod. M'AM lr. Tlietsla U4
ico&lala Io UediMWdar'a aDd Haiurday'a Phlladeli'hla Ttfwa
Chris. Bossier's
SALOON AND RESTAURAN'
(Mann's old stand)
104 Hotitli Main Street.
Finest wines, whiskeys and clgnrs alwayi
lock. Prosn Ueer, Ale unci Peirter on u
Uliolce Terapemiice Drlnlca.
L0RENZ SCHMIDT'S
Celebrated Poller, Ale aod Be
JAMES SHIELDS,
Manapror Shenandoah "Brace
JOE WYATT'S
SALOON AND RESTAURAN
(Christ. lloHster'a old stand.)
lain aud Coal nts HlieiinnrloH
Host beer, ale and porter on tap. Tbe an
brands of wnUVeys and cigars, rool room
tached.
Watt's Popular Salooi
(Tormerly Joe Wyatt's)
and 21 West Oak Stree
HUENANnOA.lI, l'A
iir stocked with tho beat beer, porter, al
ilkle, brandies, wines, eta Finest atgi
inn n.rmacnea. uoraiai lnvnaiinn o
SNEDDEINTSj LIV
Horses ond Camaaes to Hit
liauilDE- 01 all kinds nromnllr atienuo'
that are liberal
DP 111 1IIPV ... RiiMI'i fJil?
J. 33. HCBBACK
miss j
tut.