The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1894-08-09
Accusations Against AtchisOn
Receivers to be Retracted.
Reorganization Committee is in
Session This Afternoon.
MR.REINHART'S REPLY
He Submitted 1t to the Com
mittee Today.
Expert Little Insists the Dis
crepancy Does Exist.

NEW YoRK, Aug. 9-The Atchison
protective committee is engaged in the
preparation Of a statement in which they
will withdraw the charges made yester-
day in their letter to President King. Of
the Union Trust company, regarding sGg-
gested action against Receivers McCoOk
and Reinhart
The letter referred to was sent by the
Atchison protective committee TO the
Union Trust company as trustee OF the
Atchison consolidated bonds calling for
the taking of steps to secure the removal
Of the present receivers Of the company,
on the ground of their connection with
the management OF the company which
has brought about the receIvershlp.
President Reinharts statement was
submitted 10 the meeting of the reOrgan-
ization committee this afternoon. 1t
covers five typewritten pages and viii at
the conclusion of the meeting be given
to the press
MIR Little's report as presented to the
reorganization committee charges that
the Income account Of the Atchison road
for the four years ending June 1, 1894,
shows an overestimate of $7,2S5. $40, and
he gives figures for the different years on
the basis Of his calculations which foot
up that amount
Reinhart'S Statement.
President Reiuhart's letter to the
plying ro expert Little's report, charges
gross errors IN Litile's statement; asserts
that Little has totally ignored 81, 100000
earnings Of the ST. Louis & San
Francisco road, which is a part Of
the AtcaisOn system and all of the
stock Of which is owned by the Atchison
system; that Little refuses to include a
balance of $457,9 CO. :. currency sub
sidy due from the Mexican government
20 rhc Sonora railway, an Atchison aux
iliary.
An item Of $45O,OOO, covering earnings
on freight in transit on through billing
for the last week of each month is ig-
nored
sum OF $2,332,oOO interest earned
from January 1, 1890 to December %,
francisco company TO the Atlantic &
Pacific road is ignored; also $1,50O,O00
profit upon the Atchison's investment in
terminal property.
There the report then takes up the
other points in Little's report and de-
clares that the company figures on their
report to the reorganization committee
is actually correct. s
The Atchison reorganization commit
tee adjourned after very brief session
yesterday. Secretary Koboe has given
ont the following statement:
after the meeting Of Tuesday, Mr..
Little desired to further consult the
books Of the company. with reference to
certain item, IA which the printed re
port Of the company differed from the
books. He was unable to do SO until
yesterday, and after doing so, without
changing any OF the results of his re-
port, he amplitied il in way to make it
more clear with respect to this item.
The report has now been handed TO
President Reinhart, and the committee
Is in session this afternoon"
There was veil of mystery surround
ing the proceedings. No enc was al
ence was held When an adjournment
was reached those present came out and
left the building hurriedly. Not one OF
them would utter a word as to what had
taken place. merely stating that the
statement of the secretary covered every
thing They promised, however. to be
more communicative tomorrow.
The official statement that Mr.. Little's
report confirmed the previous statements
that the accounts of the road had been
overestimated was the sensational feature
of Tuesdays meeting. When the report
dealing with the overstatement of the in
come account was first given out il met
with prompt denial. 1t was claimed that
the expert must have made some grave
mistake. Mr.. Little, however, adheres
10 his original declaration. Ii was not
expected that President Reinhart or any
other officer of the road would be pres
ent at this meeting, the proceedings
boing of the nature of a criticism Of the
management
Mr. Reinhart, who was seen before the
meeting. declined to- discuss the matters.
He said he could not talk intelligently
about the report because he had not
seen it,