deal directly with the three companies above named upon the basis of a continuance of their respective leases at rentals involving no fixed liability beyond the earning power of the leased line, or on the basis of a surrender of the said leases, and the cancellation of the traffic agreement with the Schuylkill Navigation Company for a consideration. The voting trust was to be composed of three representatives of the syndicate and one friend of Mr. Gowen, which four should elect a fifth who should be satisfactory both to the syndicate and to the reconstruction trustees. A united effort was to be made by the company, the reconstruction trustees, and the syndicate to secure the immediate appointment of Mr. Austin Corbin as an additional receiver; and, if Mr. Corbin would take the position and legally qualify himself to fill it, it was understood that the presidency of the company would be offered to him. The other provisions of the syndicate plan were to remain unchanged.[228] The total capital and charges under the plan were to be as follows: _Est’d Capital_ _Fixed Charges_ Prior mortgage liens, $85,807,920 $4,233,055 Annual rental of leased lines 2,350,000 not to exceed ---------- $6,583,055 First preference income mortgage, 24,410,822 1,220,542 ------------ ---------- $110,218,742 $7,803,597 Second preference income mortgage, 26,140,518 1,307,026 ------------ ---------- $136,359,260 $9,110,623 Third preference income mortgage, 14,956,016 747,800 ------------ ---------- $151,315,276 $9,858,423 Common stock, 38,369,076 Deferred incomes, 6,225,327 $20,751,090 at issue price, ------------ $195,909,679