Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-01-10
ATrAcKs on rnE MANAGEMENr

ATTACKS ON THE MANAGEMENT
Tie New York Tribune of the 9th says;
An official statement was given out yes.
terday 10y INV, Reluhart, John ]. McCook
and j. c. Wilson, receivers of the Atchi-
son, Topeka and Santa Fe with regard 10
certain alleged interviews with George
II Peck. general solicitor of the com
pany. and Receiver Wilson, upon which
the London press las founded recent Sc
we're criticisms upon the Atchison man
agemcut The interviews are rcpudiAted
by both Mr.. Peck aud Mr.. Wilson. The
receivers declare that the financial con
dition Of the Atchison company was
Clearly aud accurately given in the state
ment of the directors issued December
%" This showed that its Western ac-
counts We're normal and this Is CON
frned by the fact that the November
p1yrolls, aggregating Sl,3OO,OU1, We're
practically not delayed, except during u
few days In which tine receiyership mat
tcrs were under discussion. The payment
of these rolls Is now about completed,
The receivers say, Tho condition OF
the system, including the 81. Louis, san
Francsco. Atlantic aud Pacific, Colorado
Midland and I'LL other auxiliary COM
panies, is as given In the directors state
meni of December %, which shows total
demand and time loans and notes with
collateral due from December, lS93, TO
June. 1884, SB3OO'O0O, and a total eou-
/ pon interest on either fixed obligations
! due January /. SSO0llO0O Since
! the nppoutmpnt of receivers the loans
| have been continued, and the collateral
! held intact for the company. This prac-
| ticaly leaves the Atchison company, for
| itself aud nll its auNillaries, In addition
| to the floating debt above stated, owing
I but 100000. being the aggregate
| nmornt Of interest due January ], lSeA,
! The receivers declare that the reports
! of proposed assessment on STOCK ana
J the return of The second mortgage bonds
] 20 income bonds or Of the disintcgrnton
| Of the system have no official basis.
/ ON the interesting point as to when a
\ receiyership was contemplated, the re-
1 cciyers say;
/ Upon the return OF President Reinhnrt
from Europe he was confident of the
/ ability of the company to pay its interest
on January l. and gave expression 10
this belief without hesitation. The con
dition Of the negotiations was such thnr
/ he saw no reason 10 Change his views
| until the afternoon of Monday, the lsth
day Of December. when II became known
to the officers Of the company that Chair
| man Mnguun could not possibly SURVIVE
more than few DAYS This fact added
many complications to the situation, ana
upon the same day. from advices received
from abroad. Mr., ltciuhari became salts
fed that the company conll not raise the
4 money necessary TO pass the LIST OF Jan,
nary, although reimbursement was sun
held out by those largely Interested in
the company that the sum required might
he provided. The officers Of the company
then found themselves confronted by this
simationi With uncertainty as TO
whether the full amount required 10 pay
the January interest could be secured
and the eNprctel death OF th'
! of the board. in the then unsettled con-
dition of the market. both hero and