New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-08-27
TO ATCHISON STOCKHOLDERS.
A CIRCULAR FROM THE PROTECTIVE
COMMITTEE
SECURITY. HOLDERS ASKED TO DEPOSIT THEIR
HOLDINGS WITH THE COMMITTEE-AN
APPEAL TO SAVE SOMETHING
FROM THE WRECK


FROM THE WRECK.
Topeka, Kan. Aug &-stockholders OF the Atchl-
son. Topeka and Santa Fe Railroad received drcu-
lars yesterday from the Reorganization Committee
of the Santa Fe Company. inviting them TO join the
Protective Committee and TO deposit their holdings
In Its care in return for which they Will get negot
able certificates. The circular is as follows:
To the Stockholders OF the A,chison. Topeka and
Santa Fe Railroad Company.
Dear Sir At a meeting OF the Atch!son Topeka
and Santa Fe Railroad Company in New-York on
Atchison Protective Reorganization Committee,
with directions to take appropriate steps on behalf
with which they threatened and to devise suit
The committee has therefore. entered upon the dis
charge OF It's duties, has already taken steps 10
ascertain the esac, financial condition OF the COM
the rnlng power of the system under the pres
es and for When will
such information. and provide for the needs OF me
It's @ and control directly with the stock
holders. preserve the existing status OF the mort
least possible sacrifice on the part OF the share
holders and others interested .
Irregularities practised In the keeping OF the Achl
son books. as shown by the examination OF an ex,
accept reliable any data az basis for It's caicu
atons and estimates without irst beng ape u; mo no
comanys records a. soon a. me submit their
plan for reorganization which We are sure will re-
ceive the hearty support and cooperation OF the
But it is not necessary to wait for the detailed
report OF the expert accountant to place IN conaem
erai management has remained virtually unchanged
AZ the ' eempany Consisted OF 10000 in cash. and
100000 in bonds The manager, haye a'o used
have been issued. We now find them ASKING for
9 mSTe b Tsi esrnngs to be
for-certanly an amazing expenditure Ior new lew.
han vs Years The company has prepared
agreement under which the stockholders are re-
viii be issued and By the terms Of which the stock
they 30 desire Appcaons viii be made n due
time have the negotiable certirSates r 81 Poc
| Exchanges. The committee can only assume TO act
for those who have made actual deposit OF mel, ,
the objects for which 1t is constituted 1t ought to
command the approval and support OF the soss
Of the undertaking that holders should promptly
make their deposits with some one OF the trust
There will be defence to the biz OF foreclosure
fau,ed on its nteres, obligations and acknowledged
It's inability meet It's fixed charges Under these
the part OF the stockholders decree OF foreclosure
Is sure to follow at early date and 70 walt until
~ our interests To escape such result immedl-
ate and concerted action is imperative. The indi-
sSuSi holders OF stock absolutely powerless. In
shinaton of stockholders lies the only guarantee
OF protection. To delay cooperation Is to imper II
not defeat the en W se ockhoGsra proye 80
ny by and allow this vast and valuable property
| With ali its promising possibilities to be wrested
from them ne inward Sna d"e OF % to be entirely wiped
out OF existence? And yet This s the Issue which
the necessity of engaging eminent legal counsel TO
sn T for the stockholders and arrest such pro-
casdinrs in court may be preJudlcal 10 their In
srssis and aiso to advise and AID in its nvestlga.
lions in carving out IN proper form m the s plan OF
reorganization, ana oes''e'' Will De o0se' -
INCUR the extent OF the losses already
ta.ned by the stockholders. and Il has accordingly
decided In inviting them TO join the reorganization
mP0se ins Of It's duties Should the full
nurpose Of the committee not be accomplished. then
mon 70 bear will not exceed share which
e. INSIGNIFICANT as compared with those advantages
wnlrn is deeply impressed with the magnitude and
mportance OF the task assigned to t. ard VIII strive
80 the best results obtanabe under existing
conions Its policy Will be 70 to- favor s,o,so complies
| and - Inaugurate new and clean administration
shoroughy representative In character and in Nc
with rs a4Gs aDsy e N s
stockholders in thorough aceSrd with us as e
pTOprsy Of n' assuring wn S cohds 2 ar III
nronerty ard It's future: and moreoyef jusufyng th'
ssTTiy Exhibited and be directed economical
and conservative lines conducive 10 the best inter
ssosNboders can make their deposits in person
by registered letter, or by express WIN sitner o.
the following namsa csp TIiii',s, Vsw-York a,
Ianric Trust Company. No 70 Wihiam-st, New
York: American Loan and Trust company boston
Mass. <,,,
THEODORE ". MYERS. Cnairman.,
Ex-C1ntroller Of the city OF New-fork
BENJAMIN r TRACY. -. 49,.
| Ex-Sscretary OF the Navy
| WILLIAM II. HALE, -. -.-,,r.
president Atlantic Trust Company
HENRY CLEWS ,,.
cf Henry Clsws & Co. bankers.
EDWARD " TALLER. .
INV - Merchant NswYork.
MARTIN VAN buren, EDGERLl;
President Mas-a chusetts Mutnai Liie
Insnrlnce Company SprlngneId.
CHARLES J. ALLEN, ~,
| President Central National BanH bos1Sn-
MARQUIS r DICKINSON, JR
O. Hyde. Dickinson Howe, bost0h.
r u CARLEY, Secretary, VI,
No - Broadway, Newborn.
For Wnkefulness