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Show PLAN TO REORGANIZE BOOTH PACKING COMPANY CHICAGO. March 27. Upon the arrival ar-rival homo today of P. A, Valentine, fresh from conferences in Xew York, plans for the organization of a new company, with a capital stock of $7,000,-000, $7,000,-000, to tako over tho business of A. Booth & Co.. including all debts and assets, as-sets, were outlined. Mi'. Valentino, who is a heavy stockholder stock-holder in the old company, will, according accord-ing to his plan, take $1. 000.000 from his own pocket, which will bo distributed pro rata among J50 banks -which hold ."i,000.000- worth of Hooth & Co. paper. The remaining SO per cent of iheir claim? will be satisfied with $l,;"i00.000 in first morlgage bonds of the new company com-pany and $2,500,000 in common stock. A liberal margin will remain to satisfy stockholders of the old company and to carr' on tho reorganized business. |