New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-07-18
financial
REORGANIZATION
OF THE
AtChiSOn, Topeka & Santa Fe R. R. Co.

The stockholders Of the AtchIson Topeka and Santa e
r. Il. CO rsal'zrg that Il Will be necessary for them
furnish the company with capital, and the Soc
Mortgage nondhoders being asked 20 make conces-
for hc welfare Of the company. nre uniting
IN reorganization their creation. rejecting the
plans OF the "Gen:ral Reorganization Committee The
members % that committee have Informed US that hey
consented c at the express request ard with the
direc corporation Of the officers and directors OF the
A,chson Company. follows. therefore. that the volt
ing trus. which they would have resulted in
perpetuang the present management, and s3o0"o"
81 the botds which they undertook 70 put ahead
Of The present second mortgage would have been icit
the hands of that management.
But Atchison managers out Of 'he courts IN
1852 and given fresh start with S'"m"" N
cash and 100000 in bonds They have since
houGh, railroads At fatal cost. and now ask foT Slo"
. &c f,e again.
Both bonhhodcrs and stockholders have become nhon
nous In tho opiricn tina, the time has when the
policy O.. railway expansion and ihe financial
methods which twice brought the Company into the
custody Of the shall I've forever abandoned tha
hereafter no floating shall he incurred ana thh
the officers shall themselves 10 development OF
business economy Of operation.
The stockholders and second mortgage bondhoders
being represented by the undersigned. VIII cooperate
with each other and preservation 81 IN"
equities OF which they ore the JOINT owners
she undersigned charged with ;he responsibility
erecting a generalization which VIII accomplish 'nis
result, avoid The Issue Of sC5cOooo OF rev Seo"'-
ties Will avoid a voting trust which woud destroy inv
future marke. value II stock. and which Will pre-
vent degradation OF the second mortgage Inc se"
eral morteage and the second mortgage VIII '''"''
their present status and the holders OF secohu o'sse
bonds will give such temporary RELIEF TO he company
in reference % their matured and maturing coupons
that stockholders viii justified in making rev IN
YES mcnt to furnish the company with now cap''a"
The undersigned have taken steps 70 ascertain INC
exact financial condition the Company. and VIII op-
tain the estimates possible of the ret earning power
OF the system under varying conditions
The amount Of required assessments and tho eH
font % the from the second mortgage "'nu
holders Will depend upon this information and Will De
oAo =. l,,lo h,rl.nsonne as finance Will permit
bu. the imperative necessity is realized OF placing he
Company upon a financial foundation which iItsa' man
acemcnt will render permanent
Ip,n the payment the assessments the stocAhoueTs
Will take The properly into their own hands
Holders Of "a" end "ly' bonds and holders OF gen
cra bonds requested to deposit 'h'F n0u
,nes promptly either with the Farmers Loan ana trust
| Co Of New York. the Atlantic Trust co. OF New
York or the American Loan Trust Co. Of Boston
where copies of agreement and circulars eN-
planatory the purposes OF the Committee VIII "
furnished.
s,ockholder, are advised tina, ther. immediate ne
cs.sv Tor uniting their votes and their influence and
are requested TO deposit their holdings at once WIN
either Of d-positares. In pursuance Oh 'e
trus; agreement above referred TO-
Atchison Protective Reorganization
Committee.
Hon. THEODORE w. MYERS, Chairman.
Hon. BENJAMIN F. TRACY.
!
WILLIAM n. MALE.
| Presden, ~ the Atlantic Trust Co:
HENRY CLEWS,
| 81 Henry Ciews A Co. Bankers;
EDWARD y. TALLER, New-fok
MARTIN VAN BIREN EDGERLY;
| President 81 the Mass. Mutual LIE ms. Co.
''"' " Wv Springfield. Mass
Hon. CHARLES II. ALIEN; -. Ham. Saw.
| President Central National BANK ana HOME 9"'-
| Bank.
MARQUIS T.. DICKINSON, JR.
/ Of Hyde. Dickinson Howe. boston
| r. D. CARLEY. Secretary ~ wi.
| Hon BENJAMIN H. BRiSTOW. ... .,
' ~ .Y secretary Of the United States Treasury
| SIMON sTERNE. Esq.
| NEWMAN ERB. Esq.
| OF counsel.