IN RE NEW YORK, N. H. & H. R. CO.

No. 16562.

54 F.Supp. 595 (1943)

In re NEW YORK, N. H. & H. R. CO.

District Court, D. Connecticut.

December 21, 1943.


Attorney(s) appearing for the Case

H. J. Wells, Gen. Counsel, of New Haven, Conn., for bankruptcy Trustees.

Robert H. Hopkins, Corp. Counsel, of Boston, Mass., for City of Boston.

Major Fred N. Oliver and Willard P. Scott, both of New York City, for Mutual Sav. Bank Group.

John L. Hall and James Garfield, both of Boston, Mass., for Principal Debtor.

Foley & Hoag, and F. A. Boudreau, all of Boston, Mass., for Boston Port Authority.

Colonel Henry W. Anderson, of Richmond, Va., and Curtiss K. Thompson, of New Haven, Conn., for Institutional Group of Boston Terminal Bonds.

Joseph B. Ely and Richard Ely, both of Boston, Mass., for Protective Committee for Old Colony R. Co. Bonds.

Mudge, Stern, Williams & Tucker, and Paul D. Miller, all of New York City, for Group of Banks Holding Collateral Notes of Debtor.

Davis, Polk, Wardwell, Sunderland & Kiendl, Edwin S. S. Sunderland, Judson C. McLester, Jr., and Spencer Byard, all of New York City, for Insurance Group.

Root, Clark, Buckner & Ballantine, and Owen D. Nee, all of New York City, for Bank of New York, Trustee under the New England R. Co. Consolidated Mortgage.

Frank & Gonnet, and Arthur Frank, all of New York City, for Protective Committee for Holders of First Mortgage Bonds of Boston Terminal Co.

Stewart & Shearer, M'Cready Sykes and Francis R. Curry, all of New York City, for United States Trust Co. of New York, Trustee of Harlem River & Port Chester Mortgage.

Henry S. Drinker, Jr., and Edwin A. Lucas, both of Philadelphia, Pa., for Pennsylvania R. R., Common Stockholder.

J. J. Kaplan, of Boston, Mass., and Parker McCollester, of New York City, for Boston & Providence Stockholders Committee.

Robert E. Smith, of New York City, for Protective Committee for Holders of Common and Preferred Stock of New York, N. H. & H. R. R.

John B. Grant, of Watrous, Gumbart & Corbin, of New Haven, Conn., for City Bank Farmers Trust Co., Trustee of First Mortgage of Central New England Ry. Co.

Robert H. Davison, of Boston, Mass., for Webster & Atlas Nat. Bank of Boston Trustee under Indenture Securing Boston Terminal Co. Bonds.

Damon E. Hall and Rutherford E. Smith, both of Boston, Mass., for Savings Bank Group Committee Boston Terminal Bonds.

Appleton, Rice & Perrin, and Clifton S. Thomson, all of New York City, for Bank of the Manhattan Co.

Beers & Beers, and William L. Beers, all of New Haven, Conn., for Bondholders Committee Boston & New York Air Line Bonds.

Fitzhugh McGrew, of New York City, and Frederick H. Wiggin, of New Haven, Conn., for Bankers Trust Co., Trustee under First and Refunding Mortgage of Principal Debtor.

James L. Homire, of New York City, and Cummings & Lockwood, Counsel of Record, and Frederick Miles, all of Stamford, Conn., for Reconstruction Finance Corporation.

Charles A. Coolidge, of Boston, Mass., for Old Colony R. Co.

Robert T. Bushnell, Atty. Gen., and Arthur E. Whittemore, Sp. Asst. Atty. Gen., for Commonwealth of Massachusetts.

Ferdinand D'Esopo, of Hartford, Conn., for Ferdinand D'Esopo, Jr.

Davies, Auerbach, Cornell & Hardy, H. C. McCollom, and Herbert A. Heerwagen, all of New York City, for Irving Trust Co., Trustee under Collateral Trust Indenture of New York, N. H. & H. R. Co.

Roland H. Parker, of Boston, Mass., for Special Railroad Commission of Massachusetts.

Bentley W. Warren and Donald C. Starr, both of Boston, Mass., for Boston & Providence R. Corporation.

William J. Kane, of Baltimore, Md., for Railroad Credit Corporation.

John E. Westerlund, Jr., of New York City, for New Haven Refunding Bond.

Edgar Turlington, of Washington, D. C., for Housatonic Bondholders Protective Committee.

Cornelius Hearn, Jr., for Cornelius Hearn and others.

Daniel Pingree, of Andover, Mass., for Group of 5 Old Colony Stockholders.

Guggenheimer & Untermyer and Hays, St. John, Abramson & Schulman, all of New York City, William H. Foulk, of Wilmington, Del., and John H. Breen, of New York City, for Independent Bondholders Reorganization Committee.

Harold E. Staples, of Providence, R. I., for Rhode Island Hospital Nat. Bank.

Charles S. Clark, of South Duxbury, for Town of Duxbury.


HINCKS, District Judge.

The New Capital Structure and the Stock Equities.

In this plan, like that previously certified to the court, the Interstate Commerce Commission proposes that the total capitalization of the New Haven shall be fixed at $365,000,000. The plan, however, contemplates that the capital structure may be expended to include the new securities required to fill out the purchase price of the Old Colony and the Boston & Providence. It is...

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