New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-05-20
PRESIDENT MANVEL RETURNS.
THE HEAD OF THE GREAT ATcHIsoN RAILROAD
SYSTEM BACK FROM EUROPE.

SYSTEM BACK FROM EUROPE
Allen MARVEL president of the Atchison. Topeka
and santa Fe Railroad Company returned from Europe
ON the Majestic Wednesday. lie accompanied
hv his daughter and young lady friend OF Miss Man.
yel's The party stayed at the Abemarle Hotel over
wednesday night and went to Boston the O'Clock
train Yesterday afternoon. They will return to this
city in few days and then so to Chicago. Mr.
MAXWELL has been abroad two months The object Of
his visit was to seek rest and recuperation lie looks
well and says that he feels well lie sailed east
vardy to German port travelled to Southern Europe
and thence by way Of Paris to London and Liverpool
Among others who met Mr.. Marvel at the pier was
Charles J. Devln superintendent Of the coal proper
ties OF the company, who came all the way from
Topeka, Kan, especially to welcome his chief one
of Mr. Manvels earliest callers at the hotel was Gen.
eral #. 7. Terrence. Of Chicago, an intimate friend
Secretary Elkns also called to pay his respects
10 the president Of the Atchson.
Mr.. Marvel, In speaking to a Tribune reporter OF
the announcement made yesterday OF proposed new
loan for betterments OF the companys property sad
that II the plan had been undertaken for the es'
Enlistment OF permanent fund with such an object
In view he had not been advised OF II. 1t was a
matter he added which more particularly
in the hands OF those charged with
the management Of tie financial affairs
Of the company but that II not an unnatural or
inconsistent action for them to take AN properties
In course Of development he continued, were likely
10 require money to carry forward their work. with
increased demands for the enlargement and improve
ment OF property came the requirement OF money.
With such enlargement and Improvement came In
crease OF values through the earning capacity OF ad
ditiona facilities supplied The Atchison was great
system Of roads New towns springing up along
lis lines The calls for expenditures were con-
slant Populations multiplying In different localities
provided additional revenues in return for whatever
might be properly done in the way OF expansion by
the system. New loans simply in the nature OF
investments in a constantly developing country.
railway company often needed money to meet the de-
mands OF traffic facilities and convenences, just as
mercantile house might require and secure additional
capital for the advancement and expansion of Its
trade. Mr.. MARVEL did not offer any criticism OF
the plan for the loan. As president OF the
company he is disposed TO confne himself more par
tcuarly TO the duties OF operation and securing the
best possible returns through earning capacity In
the shape of revenues the money invested in the
property. The Atchison, by of its Chicago
terminal and the importance OF its route through
rapidly developing country, will necessarily, Mr.
Marvel maintains. be required 10 Keep step with the
march of progress in the territory raverseS Double
tracks, especially in the section contiguous TO the
Western metropolis, are necessities and it Is pro-
posed TO lay about forty miles of new track from
Marvel speaks encouraCingly Of the property In his
charge. lie Is esteemed one Of the most efficient
railroad OF the West. and enjoys reputation
sincerity in all that he uters In the shape OF an
opinion whether in respect to the value OF properties
or the value Of individual friendships.