Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-12-19

GltISlllt4NI IElNitANl iNiAiNcs
The New York Tribune Of the 10Th
says he return Of j. W. licinhart
president Of the Atchison, Topeka and
Santa Fe railroad, from Europe has been
awaited with interest In Wall Street.
The heavy interest payments Of the com
pany falling due on January l have eN'
cited some solicitude in view of tho
severe losses in railroad traffic ia the
Southwest. Some anxiety has been felt
with regard TO loans maturing at til,
end OF the year, especially In yiow Of
reports from London 90 tic effect that
English bankers had refused to renew
the leans without certain guarantees OBJ
tanned from this side of the ocean re
specting the payment OF January inter
est. The bonds Of the company were
seriously Depressed about ten days ago.
and IN spite Of intermediate rallies are
now below the quotations made at that
time. IL has been wondered. too
whether the financing OF the Atchisou's
floating debt might not require sacri
flee sale of some Of the cnmpuny's trcns'
ury securities MIR. Reinhnrt's visit
abroad was believed TO be- for the pur.
pose Of making financial arrangements
to protect the cumpany's position.
MIR. Reinhart came on The ice-fostooned
steamship hetonic lie was envelopcd
in a long Ovcrcoat. lie was looking
die picture Of health. He said he
would glndly stop and talk about what
he had done over on the other side with
the Tribune reporter. Int MS his family
were nearly frozen 10 death he must az
once hurry away 60 his country home
twenty-five miles away The party had
two carriages In waiting and soon van.
ishcd into the sn1wsturm
If.tftltaut Fttt.
York News Bureau the following state.
meut relative TO the finances of the com.
pany.
The interest on the general mortgage
bonds of the Atchson company. due Jan.
uary l. will be paid II seems hardly
necessary to make This statement, be.
cause doubts as to its payment have, IN
my judgment, been created solely by
Spectators, who have no substantial
interest in tile property. The Atchisou
company. owing TO the magnitude of lis
system, has large payments TO make
from time To time, aud | have noted that
whenever operators for short accounts
could discover the dates of these pay
mopts, they have circulated reports cal.
culated to throw doubt upon the ability
tof the company 10 meet them. The pub.
lie knows that since the reorganization
the Atchison has met all OF is obliga.
lions, promptly, and every statement that
| have made in relation to such paymenti
before they matred have been confirmed
by the fact.
In answer 10 q question Mr. Rclnhnri
said; My mission abroad has been q
success in every respect, When asked
ns TO the nature Of the negotiations he
had made in behalf Of the company he
declined TO give particulars He said
however: "Whcn It tx considered that
the Atchison system operates 10000 miles
Of railroad which earn upward Of $50.
100000 o year, It's floating Indebtedness
must appear to be infnitesmal. II should
be borne IN mind that when the Atchisou
company acquired the St. Louis and San
Francisco railroad it assumed it's floating
debt Of about S4,10DOO0, aud also thc
unsecured obligations Of the Colorado
Midland railroad company We have moi
yet experienced any difficulty in Financing
these obligations. As to the stock Of oni
own company. all but S2G0OO.OOO Of III,
SlO2,O0O,OOO outstanding is held by bond,
holders who In my Judgment. will moi
part with u IN any circumstances The
S26O00,00O of floating stock was issued
by the company incidental to the acqnisi
ton Of the st. Louis and San francisco
system before the present Management,
was placed 10 charge In my Judgment
this stock is practically all that there Is
available for speculative purposes.