The Wichita daily eagle., 1893-12-31

! BosToN, Dec 30-A representative o.
the Boston News Bureau today asked
| President Reinhart of the Atchison con
| cerning the proposed plans of the direct
ors for restoring the Atchison company
from the custody of the court to its stock
holders. He said:
There is absolutely no foundation fol
the statements which have been made and
cabled from London that 25 or a 10 pei
cent. assessment on the stock was contsm-
plated. There will be no authoritative
suggestions given out by the management
| of the company until the board ot directors
| shall have passed upon a proper plan
unanimously. No iniimat;ons OF any
kind have been given as to what
such plan will be, but those best
conversant with the company's
affairs are entirely satisfied that the res
tOratiou from conditions now existing, so
far as the A,cbison is concerned. will not
be far distant. The promptest effort possi-
bic will be made on the part of the mau-
agement to briug about a satisfactory and
prompt settlement. The Receivers have
now concluded arrangements with about
all the holders of the company's notes Sc
cured by collateral. the total of which has
been stated in the directors circular,
which will prevent sacrifice of the
collateral and secure the same for the COM
pany. This will facilitate the plans of
the management OF the company in the
restoration OF its credit and financial posi-
tion."
NEW YORK, Dec. 30.-Inquiries .were
made OF the counsel for the plaintiffs con-
corning the story telegraphed from Kansas
City that the Union and Mercantile Trust
companies were dissatisfied with the ap-
pointment of j. G. Wilson, one of the re-
ceivers for the AtchisOn system, because
he lives in the west, and would apply for
third eastern receiver in his place. The
counsel for both trust companies denied
the rumor, stating that il was positively
without foundation.
NEW YORK, Dec. 30-The faith of Mr..
Platt in bring able TO obtain full control of
the New England road was not shaken to-
day by the appointment as co-receivers of
Mr.. Hart and Mr.. Perry. Mr.. Platt wants
it understood that he was not selected in
the interest of any faction. The second
mortgage bondholders intend TO vigorously
oppose the appointment of Mr.. Platt as
permanent receiver. A hearing in the
matter will take place before Judge Wal
lace in the early part of next week.
WASHINGTON, Dec. 30-A rather interest
ing Question will come up in the house in
the course Of the session regarding rail-
icdiS III OuC uduuS VI IcCSitcTS. u6 IHdLttr
will arise In the house judiciary commit
tee when certain bills that have been intro
duced are discussed. One of these is by
Representative Lttimer Of South Carolina,
who wishes to enact law which will allow
his state to sue and collect about 5000, 900
taxes from the Richmond and DanvilIe
road. If this road were not in the hands
of a receiver the state courts would have
Jurisdiction, but being in the hands of
receiver, appointed by the United States
court, nothing can be done.
In this particular case the company
offers to pay certain taxes, which it ad-
mits are just, but it insists upon a clear.
ance receipt so that it will not be respon-
sible for taxes claimed to be unjust. There
are some other bills in relation to railroad
receiverships, ons of which limits the time
in which a road shall be in the hands of
receiver to three years, al the end of which
time the road must be sold. It is not
likely to secure favorable report, because
1t Is feared that great in justice might be
done, as corporation having ready money
would be thus able to buy roads at much
less than they cost. The argument against
the unlimited period of the receiverships
Is that often they are conducted with
great detriment to the parties interested
In the company, and have been used from
time to time to freeze out certain stock
holders. Another Objectionable feature to
some interstate roads come wholly under
the control of United States courts and no
action can be taken by stats courts look
ing to their regulation.