Show PRACTICALLY NEW COMPANY Rock Bock Island Had Rad a cl to t Swallow Itself to Be Born Anew A vast ast amount of Intelligence that is unintelligible to the general public has been sent out regarding the Rock Is land and plan of Incorporation and re readjustment readjustment readjustment adjustment of ot Its securities In a nut nutshell nutshell nutshell shell the plans which have Interested capitalists are simply the organization of or a new ne Rock Island company The new company Is capitalized to Include worth of or 4 per cent bonds about worth of or 4 per cent stock and worth of ot common stock The new company simply leases the theold theold theold old company Compan pay the company a fixed rental The surplus accrues to the new management The new nev com cn company c m pany buys all aU of ot the capital stock of ot the old company compan paying for It in fa stock and bonds owned by the new company The rho securities are equal to per cent centor of or the par value of ot the old stock The deal represents a substitution of ot public ownership the Chicago Rock Island Pacific railway succeeding the Rock Bock Island company |