The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-12-26

its normal condition, and will reach 1t by
spring"
ROBINSON WILL HAVE CHARGE.
Receiver Wilson, Of the Santa Fe, ar
rived in Topeka at noon to-day. He said
the receivers would appoint d. 3. Robinson,
first vice president, the agent of the re-
ceivers, to have full charge OF the active
operation OF the entire system. Mr.. Wilson
said the receivers had in general agreed
that no sweeping changes would be made
in the management of the road, but the
matter would be definitely determined at
meeting OF the receivers TO be held in new
York next week Mr.. Wilson wired his
resignation as clerk of the United States
District Court to Judge Foster who is to-
day in Galveston A reply has Just been re-
ceived accepting his resignation and APP
pointing George Sharrett Temporary clerk
of the court Mr.. Wilson said the receivers
had just borrowed 100000 in St Louis Tor
the immediate payment OF wages due the
St. Louis and San Francisco employees, and
that the employees of the Santa Fe system
proper would receive their wages promptly,
not later than Jan. 3, out OF money that
had been boarded TO meet January interest.
Topeka would be filled with additional en-
ployes at once and run to their full capacity
and the road would be put in better condi-
ton than IL is at present
did Mr. Magoun's death have anything
to do with the receiveshipY' Mr.. Wilson was
asked.
drawn long before. and Ii was simply
question of whether Mr.: Reinhart could get
the money needed at the beginning of the
year. When il was found that he could not
get il when needed IL seemed TO be the best
thing for all that receivership be asked
for. No; Mr.. Magouns death did not hasten
or daAy the arrangements"
Can you give any information as TO how
long the recevership is likely to last?
None whatever You know that the re-
ceivers are friendly to the road and are
to conduct it's business for the best interest
of all concerned. Matters are in excellent
shape for a road in a receivers hands and
shall increase the capacity of the road
for business rs fast as there is business to
Justify it, We will make improvements
on account of its financial troubles. There
are bettermentS that should be and will be
attended to- For myself 1 shall open an
office in Topeka. suppose most of my
My understanding is that / am to look after
Kansas business particularly, and Will have
very little to do with the lines east of the
MISSOURI river except in general way In
connection with my associates"
EDWARD NJ kenna, general attorney of
the st. Louis e. San Francisco. which Is
part of the Atchison, Topeka & Santa Fe
railway system, said IN interview at
ST. Louis, in reference to the appointment
of receivers: THE directors of the Atchi-
son believe that within three or four, or at
least six months, they will be able TO devise
a plan by which the company can be taken
out of the receivers hands. This plan will
not involve any assessment of stock nor
Shrinkage in values or interest rate Of
bonds. 1t will be formulated by the use of
collateral trust" The principal cause of the
collapse Is said to be the failure of the
Atlantic & Pacific company to pay over
S15,000000 that it owes.