Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-06-14

way of side tracks. stations and equipment
for the proper handling OF its business. and
Will besides leave Very comfortable avail
able surplus in the treasury
II ridS the company-so it is declared by
parties near TO the Atchison'S management
of the last obstacle in the way of carrying
out its plans of union with the Gould sys-
ten Of roads which has for 4 long time past
been under consideration, and which. once
completed, is bound to he beneficial TO al!
the lines in interest.
Director Magoun practically ADMITS now
that this alliance is agreed upon, and only
needs the completion of few details before
it is put into actual operation.
The present status of the -AtchiSon road
is not unlike that which it had attained Just
prior to the announcement of the Barring
troubles. The earnings are steadily gain
ing, the crop prospects along all Its lines
are most excellent. good degree OF con-
hGence III its management exists and It's
securities are being bought by strong peo-
pie. The past seven or eight months nave
been full of difficulties-the most of which
had been unexpected but the company has
met ana overcome them in a splendid man
her, and is ROW once more on the high road
TO prosperity rs great ds any that 1t has
enjoyed i'll the past. Nice-PreSident KEN
hart, who has just arrived back in Boston,
in speaking of the st. Louis decision. says:
The AtchisOn company now holds all the
common and preferred stocks of the st.
Louis and San Francisco road with the eX
ccption of few shares. 1t has also large
proportion of the first preferred stock. The
proposition OF the first preferred stock
holders was straightforward and fair. They
declined to accept it and now have been
defeated and utterly routed
A gentleman who is close to the members
of the Frisco first preferred stockholders
committee gives the other side of the Atchi
son-triscO controversy in this wise:
The decision of the St. Louis court on
Saturday is only on petition for preLm-
mary injunction, and does not touch the
merits OF the case at all This decision has
not by any means terminated this contest.
There are yet two or three courses left open
TO US to secure what we believe 10 be just
ice, and the chances are that we shall take
one of them Mr. Kimball is still in the
West, but he will be heard from soon. The
assertion by Mr.. Remnant that the decision
has removed all difficulty from the Atchl-
son people in the way of taking care Of
their guaranteed notes at maturity, seems
10 carry the unpleasant intimation that
the payment of these notes was dependent
upon a favorable decision in this case.
This must be something of a surprise 10
Atchison stockholders, who have been
given 10 understand all along that there
are ample funds with which to provide for
these notes.
1T is worth noting, too, that Mr.. Rein
hart in his statement does not assert thalsa,
majority Of the first preferred 'Fri&aoa
stock has assented to the Atchison ex-
change plan. He simply says a consider
able portion That considerable portion
means less than 10000 shares out of the
entire 5000. We have started in to have
the question of our rights adjusted, and, as
the decision just given does not determine
tho pf pllira N
continue the fight"