Logan Republican | 1915-03-04 | Page 4 | Boston & Maine Railroad May be Reorganized

BOSTON &. MAINE RAILROAD MAY BE REORGANIZED Boston, Mnrch 1. Tho plan for n six months extension of nenrly $23,-000,000 $23,-000,000 In short tlmo notes of tho Boston & Mnlno railroad, which aro duo tomorrow, was declared oporatlvo In a circular letter sent to tho noto holders by President J. H. Hustls today. Holdors of approximately 8" per cent of tho notes havo forwarded their signed agreements for tho ox-tonslon, ox-tonslon, thoroby removing tho danger dan-ger of receivership proceedings for tho prosont. Pending tho maturity of tho ox-tended ox-tended notes, tho railroad ofllelals will ondeavor to obtain legislation In this Btnto, Maino, Now Hampshire and Vermont, permitting a reorganization reorganiz-ation of tho company by tho consolidation con-solidation of Its leased lines.