New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-12-15
RAILROAD INTERESTS.
MR. REMNANTS MISSION SUCCESSFUL.

MR. REINIIARIS Ml>SION SCOSi"'''' -"
,,,, prr,,p,,s FROM Europe, But DECLINES TO
GIVE DETAILS OF HIS NEGoTIAIloNs'
The return Of j. W. Renhart president Oh 'ne
Atchison Topeka and Santa re haiiroau vii
Europe has been awaited with interest ~
Street The heavy interest payments OF 'ne 'o
many falling due on January have exciteo SUM
,,c,,,,da IN view of he severe losses in railroad
roeBc in the Southwest. Some anxiety mas peeh
felt with regard TO loans maturing at lie Gnu
of the year. especially In view OF reports i'
London 10 the effect that English panKer' ""'
refused to renew the loans without CERTAIN" su
tees obtained from this side of the - - respect,
,, tho navnnent of January interest. The bonus Oh
the companv were seriously depressed ABOUT Ten
DAVIS ago. and in spite of intermediate RALLIES are
now below the quotations made AT 'ha' IN
IL has been wondered, too. whether inc i'i''i i
Of the Atchison's floating debt might net req"'ie
q sacrifice sale of some o. the company irehsui.
securities Mr. Reinhart's visit abroad was believed
70 he for the purpose Of making financial arrange
ments to protect the company POSITION
Mr. Reinhart came the ice-restooned stFahA'p
Teutonic He enveloDed In Il lOh'' o'"
lie was looking the picture or health lie STU
world gladly stop and talk about what he had
done over on the other side with the Tribune re-
porter but as his family were nearly frozen ~
death he must at once hurry away to MS country
home twenty-five miles away. The party had Two
carriages In waiting ami soon vanished INTO 'ie
President Reinhart furnished the New-l ork
News Bureau the following statement reiatNe |"
the finances of the company: . .ods q,
1.-The interest the general moltBd5s. Doiu' -
the Atchison Company. due January L. VIII ne
maid IL seems hardly necessary to make TINS STATE
ment because doubts as TO It's paynen. i ors
NV Judgment been created solely by specrlGtors
who have no substantial interest IN the propssIEs;
The Atchison Company owing TO the 'naghIu1 &c y,
ito system. has large payments 10 MAKE Ion,
time 10 time and | have noted that Nhenc..eIl
tors for short account could discover the dates
OF those payments. they have crcuiat,uii ,be
calculated to throw doubt upon the ability OF the
company to meet them. The public knows 'lai
since the reorganization the Atchison mas iies a.
~ IT'S obligations promptly. ana every statement
TINT I have made in relation to such payments pe-
fore they matured have been confirmed Dy me
fact" ,,. td. "Nv
mission abroad has been success In every resp,,c.
When asked as to the nature OF the negota,iioiisS
he had made In behalf OF the company ne deciihen
10 give particulars. lie said, however, w men ~ ~
consIdered that the Atchson system operates iv,VV
miles OF railroad, which earn upward OF sDpUV.,-
on "A wear it's floating indebtedness must appear 70
be inhntesmal. lie should be borne IN ninu tna i
when the Atchison Company acquired the 81 LOUIS
and san Francisco Railroad il assumed IT'S ioat,,
ing debt Of about $4,000 and also the unsecuIeu
obligations Of the Colorado Midland Railroaa on
pany We have not yet experienced any uiilSuiey
In financing these obligations AS TO the STOCK OF
our own company, all but $26 WoOD or the WV
o01 900 outstanding Is held by bondholders %ro, III
stances The seS 900 Of floating stock was issued
by the company incidental TO the acquisition OF tne
ST Louis and San Francisco system before the
present management was placed In charg,. IN my
Judgment this stock Is practically al that trere
Is available for speculative purposes