Salt Lake Tribune | 1910-08-21 | Page 16 | Reorganizing Railroad

Reorganizing Railroad. By Leased Wire to The Tribune. NEW YORK. Aug. 20. With tho call for tho uovonth Installment of the 20 assessment on tho stock of the Mobile, Jacksonville & Kansas City railroad nnd the Gulf & Chicago railway, the reorganization reor-ganization of these proportles under tho name of New Orleans, Mobile & Ohio Is nearlng completion. The last call for the remainder of the assessment will bo made next month. Bonds for the new company to the amount of over $6,000,000 havo been Issued, bond for bond, to tho bondholders of tho old company. In addition ad-dition thoy get 10 per cent of tho preferred pre-ferred stock.