Salt Lake Times | 1890-06-16 | Page 1 | The Fear of Reorganization

THE VEXR OF KKOKUAMATION. A Plan Submitted lor the Formation of a Now Company. New Youk, June 10. Special. The details of tho plan of reorganization' reorganiza-tion' at tho Oregon and Transcontinental Transconti-nental company worn communicated to the stockholders at their annual meeting meet-ing today. The plan involves the formation for-mation of a new company which will offer to exchange its stock share for share with the Oregon and Transcontinental Transconti-nental stock. If the stockholders generally gen-erally mako tho change the new company com-pany will have at its disposal an accumulation ac-cumulation for surplus, income and cash profits of over 83,000,000 available for distriuution as dividends. It further has the prospect ol contingent profits to an amount nearly as large, and will command such a current income in-come from investments, and such a profitable business from close connections con-nections with the strongest linaucial groups in this country and abroad, and with prosperous induslrial enterprises as to lie able to pay regular dividends. More than four-liftlis of tho stockholders stockhold-ers signified their willingness to join the new company and the others are expected to take similar action.