Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-12-25
RECEIVERS FOR ATCHIsON.
The Company Heavily Involved ant
Running Too Many Branches.

Running Too Many Branches.
Late Saturday afternoon Judge Henry C.
Caldwell, In chambers at Little Rock, Ark,
appointed Joseph w. Reinhart, John ]. Nc
Cook and Joseph c. Wilson receivers Of the
Atchison. Topeka and Santa Fe system.
Orders Of the Court.
The orders Of the court appointing re-
ceivers are in substance as follows 1.-TWO or
ders being necessary. one for the Santa Fe
and the other for the Frisco: United States
Circuit Court of the eastern district OF Mis-
souri, in the eighth judicial district
The Mercantile Trust Company, trustee,
VS.. st. Louis and San Francisco Railway
Company.
The other order is similar to this, with the
same title, except that il says that IL is the
Union Trust Company against the Atchi-
son, Topeka and Santa Fe Railway Com
pany.
Now, on the 23d day of December, 1898,
the complainant, the Mercantile Trust
Company called in the other order the
Union Trust Company. by Alexander &
Green, its solicitors, and Charles Is. Alex
ander of counsel, and also came the defend
ant the st. Louis and San Francisco Rail-
way Company, by Z. ID. Kenna, its solicitor,
and G. r. Peck, counsel Din the Union Trust
Company the appearance is by William A.
Rossington and the answer by Peck). and
thereupon the bill of complaint exhibits an
affidavit, and upon the answer of the de-
PENDANT railway company, came on for
hearing the application of the Mercantile
Trust Company for the appointment of a
receiver, which application is not resisted
by the defendant railway company, and the
same having been argued by counsel, and
considered by the court, and the court hav-
ing been fully advised in the premises, is
now hereby ordered, adjudged and decreed
that Joseph W. Reinhart, John j. McCook
and Joseph c. Wilson are appointed receiv-
NJ and et, lar 1ar
hereditaments of the St. Louis and San
Francisco Railway Company, and of the
personal estate thereof, including all its
railroad tracks, right of way, sidings (here
follows full description of the property OF
the company, and that the receivers are
authorized and directed to take immediate
possession of the railroad and properties de-
scribed and referred to, and to run. man.
age and operate the railway. and such other
railroads as the defendant railway holds. and
to execute the authority and franchises OF
the company. and to conduct systematically
its business"
1t is further ordered that each of the re-
ceivers. within the next twenty days. exc.
cute a bond for $4,000.
Too Many Branches.
Judge Caldwell, when interviewed thai
night, said a supplementary bill would prob
ably be filed January at Topeka, the OBJ
ject Of which win be a general forfeiture
In his opinion. the franchises which had
been absorbed by the road had brought the
system into its present bankrupt condition
1t taking the earnings of the main line Il
keep the branches.
The receivership viii result in cutting on
the branches.
George r. Peck. general solicitor Of tbs
Santa Fe, says:
THE bills in both cases show that the
lines were heavily involved with maturins
obligations coming on soon, and that the
interest due January 1 could not be paid
and would be defaulted- In both cases com
plainants went deliberately into figures. and
were very full and voluminous. The frs,
mortgage bonds are sl50.0OO.0O0; the second
mortgage class A, $71.OOc0O0. and second
mortgage, class B. $S,ooo.0o.
The interest due on bonds by January I.
s.. $4,000, and the floating Indebtedness
about s., 600 o0o. making a total Indebtedness:
of S24O,OD0,OOO. Judge Caldwell promptly or
dered receivers to be appointed. and ap
pointed the same receivers in both cases
Joseph w. Reinhart one Of the receivers,
president of the Santa Fe system. Another
Gen. John J. McCook of New York, Is tn,
general counsel of the Santa Fe system, and
the third, Joseph c. Wilson of Topeka
Kan, is now clerk of the United States dis
trict court at Topeka, and q level-headec
business man. having been twice mayor Of
that city. The railroads asked for the ap
pointment of Reinhart, McCook and Georg'
A. Nickerson, one Of the directors OF tbt
system. A supplementary bill will be filec
January 8, at Topeka, asking for fore
closure"
1t is reported on the outside that the com
panies made a determined, but unsuccessful
effort to have George A. Nickersoh, one Of
the Santa Fe directors. made one OF the re
ceivers, but the trust company's attorney
objected, and a compromise was made o.
Joseph c. Wilson.