New-York tribune., 1893-12-25
THE FALL OF ATCHISON.
RECEIyERSHIP ARRANGED FOR BktokE
TIE DEATH OF MR. MAGOUN.
JUDGE CALDwELLS CONDITIONS As TO THE
FLOATING DEBT-TUE CONTEMPLATED
CHANGE IL THE GREAT SYSTEM.

CHANGE IN TIE GREAT SYSTEM.
Little Rock AK Dec. 9L-The movement TO
have the Atchison, Topeka and Santa fe roau
placed in the hands Of receiver originator III
New-York CITY weeks prior to the death oi
Director George {. Magoun. when 1t was nrst
definitely learned that efforts to float Sl0Vrhow IN
mortgage bonds in the European market had falied'
conference was held in Boston between repre-
sentatives Of the Union and Mercantile trust COM
panies and the directors OF the road, at when IL
was determined to make another effort to place
third mortgage. and thereby raise the S''''"VVV
reqyred to save the road.
The second effort met with no better success 'hah
the first and on the death OF Director Magoun II
was decided that the only course open to the pohd
holders was an application for receiver But IL
was found necessary to have the consent "i al
parties Interested before the applications could be
made The bonds contained IA clause providing that
no action shall be taken in case of default untl
six months thereafter. In this there would De
no default till January I. 1894, when $,0Oo~ IN
tercst coupons fall duc Another obstacle was en-
countercd in the fact that the floating Indebtedness
OF the road amounted to &.OOoOD). and 1t was more
than likely the Judge to whom the application was
made would require that this indebtedness be- ar
ranged for before the application was granted. IL
turned out that this was a correct understanding
OF the situation for I'm granting the appncauoh
yesterday Judge Caldwell Circuit Judge for the
Eighth United States Circuit Court stipulated in
care of. 1t had been agreed upon by all parties
prior to the application yesterday that the directors
OF the road should name receivers, ana IN pur-
suance 10 arrangement the names Of Joseph w.
Relnhart. OF Boston. president or the santa r"
system; J. J. McCook. Of New-York. general So
licitor OF the road. and George c. Nickerson. a
director. were presented to Judge Caldwell Inas-
much however as the application came from bond
holders the Judge thought 1t improper TO allow
the road 10 designate all the receivers. and so an
timated to the attorneys. Thereupon Joseph e.
Wilson, Of Topeka. Kan. was agreed upon as thrd
The suit TO be filed in the United States Circuit
Court Topeka Kan. January g. for the foreclosure
OF the first mortgage bonds. amounting TO S9o"o-
600 IL Is thought means nothing more or less man
the ultimate transfer Of controlling interest oi
the entire stock Of the Atchson. Topeka and santa
Fe system 10 New-York and Boston bondhoders
who seek 20 form new syndicate lot the p"'poS'
OF controlling the road.
The following notice which IL self-eXpiana'ory'
has been sent out by the receivers:
TO ALL OFFICERS. AGENTS AND EMPLOYEES.
The undersigned have ben APPOINTED reeey"rs oO O
the Atchison, Topeka ana San,a II, i,a,, ram, Tor ,h
pany by the United States 'lrcut Ionrt lr., LOT tip
district OF Kansas. and hereby take possession
w ors accounts and other Elects All officers agents
ana employees will remain in their present posi-
~ u Robinson. first vico-presldcnt Of the A'chi-
SON Topeka and Santa f. Railroad COMPANY. -
hereby
the said company His orders as such genera
agent viii be obcyed and respected aCG2rilnrN ,ir
John j. MCOOk.
JOSEPH &. WILSON.
Topeka Kan. Dec. q CSpecaD-The appoint.
rnent OF receivers for the Atchison. Topeka ann
Santa Fe Railway hy Judg" caldwell at IAiiI"
Rock Yesterday does not create any alarm IN inns
city This city is the workshop Of ID" Aichsoh
system While is c,rporai" body b. di'""i "'-
tween New-York and Boston the real motive pow
IS in Chicago and Topeka. This city - ac'n~'F '''
hy the A,chi-,n The i00r peorl" her" nav" "''"
gathered mainly hy the fact that ~" N''nS'"
shors and Offices are here. over 90 'inplr, - "taM
rnrn ar. wage-rarucrs IN IN" SHOPS. -\ls ''i''1
that touches the Santa T." Tor E"|l ,l 80, '~,,e.,i
,ouchcs everybody In Topeka. II j. th', t'",t,r..
,r,,,r.ssinn ihl' Topeka VIII not be- rlpi'l h' ln.'
change General Manager Frey SAYS tna' ,n, 49,.
oil ri,uuin, expenses VIII b" pToinulN h''' ~
road-bed Will be- put In better o3h'Iiii,,, ii,s ll,,ck
and improvements Will b. made. th" i"illhf N.o'N
viii b" Increased and. In fact. nu-ln"sS VIZ ,rpIr pI
',ni ,,fff,uf any Interference. Ir'fi-ui'r W n,'
es,s fb,t fh. men Will b- promptly pilI ann ''''
tbe nayment viii begin on January D. ,,,.
,ph.r. ar.. expressions oi JOY "N'I '"' ''', -.
rnrnt ~ j. C. Wilson. oi ms c;}. a. % "i' -, r,,r ~
racn,,.rs as his appointment relieves any "Iii'
I.,ei.u thuf the receivers VIII tih' a,s ~ -
n''," ~, ~ dts,iv,nt,g- of Topeka. Mr. lls9h -
~, ,rs.,', clerk of the United states pi@til'i ""'.
T.. 'b,s l..u NaNur ~ fhls civ ana j. k.,"N" =.
-, ',r. nf fh. best busncss mon IN me N',i.
is evident that the r. rriv,rS ar ts"' t,r. h,d
=, ,b. interests of thos" VINO nav" H..
,p,-g. ~ fhe road. and ih~ opinion "Nis'% @ @.''''
therr will IL. little cnafsc, II any u" VIZ '' "
i,