The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1894-10-25


two or three shares and an unusually
small number of really large holdings
ike Cheneys. Days, and Lawrence's.
The administrator for Hubrecht, Van
| Haren- CarspeI s. Vasvisser of Amster-
dam hold $3.50 shares.
FRIEND OF TOPEKA
Newman Erb Wants All the Offices of the
santa Fe Concentrated at Topeka
Of all the eastern men now in Topeka
| On Santa Fe business, there is prObab bly,
no one of more interest to Topeka people
I than Mr.. Newman Erb. While Mr.. Erb
has no especial reason to be more friend
! " to Topeka than any other place on the
road. the fact emains that he looks upon
/ Topeka as the proper place not only for
what Santa Fe offices and shops we al
ready have, but favor5 having the entire
headquarters here. including the offices
now in Chicago, New York and Boston.
Dir. Erb favors this plan not because he
Is disposed to pet Topeka. but because
he is bitterly opposed to the double
book keeping system now in force, which
he says is the cause of all the deficits
and other things which. have caused
coolness between the two committees
He wants all the offices of the road con-
centrated at Topeka.
Mr. Erb is one of the protective
committee. and wants the entire pres
ent set of officers put out. He has
vowed that all the guilty Santa Fe men
Mr. Relnhart and Freight Traffic Man
ager Hanley part way there already Mr.,
Erb was the attorney who succeeded in
getting these two ex-officers indicted
Mr. Erb enjoys the reputation Of being
the only man who ever beat Jay Gould
1t was in the WyandOtte 6 Northwestern
case, and Mr.. Erb was the dictator to
Gould of b terms of peace. lie IS said
to be the only man those opposed to the
protective committee are really afraid Of.
lie IS rather small man with dark
mustache and carries cane He is stop
ping at the Ihroop-
OLD SANTA FE MEN TO GO
II the Protective Committee Ever GETS
the Upper Hand
There is an unusually large amount of
stock represen ntad in today's meeting. The
stock of the company is at present di-
vided into 1,O2O,OUO shares. and of that
number about 9o0,0O0 are represented in
the meeting, vale 7vO,OJU IS the largest
mimi Der ever before represented in an
annual meeting
The General Reorganization commit
tee or more properly speaking the pres
ent board OF directors control about 05O,
UOO Of these shares and SOO,OO0 are in
the hands of the Protective committee.
The unre presented shares are owned by
brokers and other wealthy men who are
now travelling IN Europe and have their
shares locked up in their vaults and for
that reason only it IS not here.
This stock, which was only few years
ago worth about $I.25 a share has OWN
died down until It is now practically
worthless, being quoted al from 3 to >
cents on the market.
The only significance attached TO this
meeting is that the directors elected to-
day viii, If the road is reorganlzeI dur
control Of the property. That
each side expects to be /
able to reorganize the road is very plain Z
from the active fight they are making 10 +.
control this election.
If the protective committee should I
win there would. be entirely new set /
of officers put in charge Of the Santa Fe /
from one end to the other, but if the cid +
directors win then most of the present 4
officials may be expected to hold their I
jobs
40 PERMANENT ADvANTAGE
Is Gained by Today's Restraining order.
The General Reorganization committee
is confident that today's restraining order 1
gives the Protectives nothing in the way
of permanent advantage. They declare
that they are sure of winning and carry
ing out their plan of re- electing the
present directors without the Protectives
having single repIes 9ntative on the
board.
They declare that all the talk about
the expiration Of the Santa Fe's charter
IS simple IN the extreme; that the com
pany is operating under charter grant
ed in 1859, unlimited to time.
They further declare that the
cumulative plan of voting was
brought up years ago and de-
clared to be inapplicAble to the Santa
Fe's voting system; that this decision
was reached by unanimous consent Of
he ablest counsel in the Santa Fe's en-
Dloy, and also that the settled policy Of
he company has been fixed against the
cumulative plan.
No Financial Report.
1t has been understood IN certain
financial circles that an important finan-
eial report would be made in connection
With the Santa Re annual meeting
Treasurer Wilder, however, said this
lfternoon-
"There will be no financial report, as
he road is in the hands Of receivers, ex-
,ept what may come from Stephen Little.
md his report is not ready and may not
De for some time
Atchison Not Affected.
New YORK, Oct. 24.=Atchison has not
1een affected by the court proceedings at
Topeka, by which the annual meeting is
1ut over pending a decision on the de
nand of the protective committee to per
nit cumulative voting. The stock closed
il 51s.
Mss Minnie Saunders, Of smoky Row,
nd her sister are on trial this afternoon