The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-08-10

The ST. Louis & San Francisco revenue
account has also been overstated $205.S7g
for rebates not deducted.
President Reinhart, in his reply, de-
elares that the earnings Of the Atchison
system for the period named amount TO
about $7.s00.O00. and then goes on 70
point out the errors into which he
claims Little has fallen. lie Says
II find 81. 100 900 of the earnings OF the
Atchison system deducted from its income
account under the agreement with the ST.
Louis 4 san Francisco in 1881. as shown
ia the annual reports and property
credited TO the st. Louis a SIM Francisco
Railway Company, which - owaeJ by the
Atchison. Topeka & santa Fe Railway
Company. In other words, Mr.. Little
ignores 81, 100 900 Of actual earnings Of the
Atchison, aud gives them nS place ~
his statement of earnings Of the system.
also ind that Mr.. Little refused to include
a balance Of <457 $50 (Cnited States cur
rencf } subsidy due from the Ne exican gov
ernment 10 the sonora railway tone OF the
Atchlson auxiliary corapames), which Is
an uudisplled claim recognized by the
Mexican Eovernment
Il also find that an Item OF i51, ,0l0, COW
ering earnings on freight on through bill
Ing for the last week IA eaeh manfh has
been ignored by Mr.. Little. notwithstand-
ing The tact that such item was fully ex-
raaiued 20 him. 1 further find that Mr.
Little has either overlooked or refused 20
recognize s. 80. 600 of interest earned
trom January !, lsso. to December
81 I-HA hn advances made by the
AichlsOn and San FranciscO companies
% the Atlantic 4 Pacific. which with
the interests 50 earned - an asset of these
two companies and which in an adjust
ment oi the accounts ot the three COM
pAnies named must be treated 81 an asset
of the Atchison and san Francisco cors4
panfes, beiongiag 10 their income nc
count Stllt further do ! tind that Mr.
Little has not included about 81 500 90 Of
profit earned by the company on
is investment 10 terminal property.
The item. Of sl6iL lls and S152 g5i,
making an aggregate of 81 765 .0Gf,
which Mr.. Little also refers 20. were
proper debts 20 the franchise aud the
represent expenditures paid out Of the
revenues OF the reorganized company sub
ssquent 20 October 1, 1ssg. but which Ap-
piled TO the operation Of the Pfoperty
prior 20 the date of reorganization and
should have been cared for under the
forty-two mortgages represented under the
old company. This asset was used 10 Off
set charges which affected the other side
oi the income account, and as Mr.. Lsule
himself has stated in bis report,
ia the end the effect Of the in
come account will be precisely the same.
The items 1 have mentisned then cover
the alleged oveTssatement OF income for
the period of Mr.. Listles examination by
about f5OO010 Mr. Little states that in
the latter part OF June. lsa3. the company
did not have on hand the amount Of cash
shown by the books. | desire TO state
most emp AattcaLy thAt on tbs date re-
ferrea 70 the company actually had on
hsnd ia cash and cash items the amount
stated IN its report on that day"
The reorganization committee. after
reading Of Mr. Keinhart's . report. adopted
a resolution fefsrring tue Llttle and Rein.
hart statements TO committee comp0ssd
Of 4. s. Hayes. chairman OF the general
rcorganizatios eommitteei Mr. Fleming.
Of the Loua0h committee. and Mr. Ludcn,
representing Hope Co, Of Amsterdam,
vita instructions to report 20 the com
rnifses xlth the further action subsequently,
taken IN the premises.
Two saenFssrs Of tAs Reorganization
committee. wko desired 70 Withhold their
nsrass from publication. stated 10 a re-
tarter OF the Associated Press thai ths
general opmIen EAs that Mr. RsinhArl
had net explained satisfactorily ths
ehafres made sy 1.-the