Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-02-03
FHE SIGNIFICANCE or RAILWAY
REORGANIZATION PLANS.
Mach Progress Being Made Toward
Relieving Many Properties from
Their Present Embarrass-
uent-C conscientious
Work Under
Way.
Work Undo
Way.

t-at b. the current news when circnlatrH
ia financial circles now and is found eN-
.,.r.f..,,..t,, irtaresting tbere much has IN
y, '-.--.,-,.l... -
10 WIKI plans tor the reorganization Oh
Corporations which were oyertaken by
,-i .r.-.,,,,, q, tho recent nanir The
Time ui deasier mas pasted ana the tlile
o. unbuHling is at hand. The bearing Of
chs ~. 49,. a,, co,t,,,as nf +bs Insinsss a
''Ne 49, Vi 'N' i"' VI ''''
Wprl1 Is Of the utmost Importance.
Il has been the chief argument of the
-. ,....e. h.. .i,st,,,.,,;,., tl,, ,
'l''N Ni-'''' NH' pun ~
the umu- were hard beyond nope, Tor the
reason that 80 many properties were in
distress 4 couple of months ago, when
the r,-eeivershp fashion was at lis height
the atruospherr Of the business world was
blue With the lamentations and predic-
lions III these professional tearcrs down.
Ar.,or,i,nr to their urid prophecies every
Tg,itr,..J ',,i Industrial c6rnnration in mo
,,,ir,7rv was tonuljnp TO everlasting ruin
NJ, - 80 JonI,r,bi. cana 10 ros,s
Ky ,,,to of tbe Jre"JTrt ayents
~ ~ w " ~, r,,.',,,i,u,s ,',.,,,,,
HHi'h t"sH' W ~ a,t'ut 1872" F'',i
lstu. =" Suuutn uuu t"inp'c'r w
NhanEf ~ Puule Seh unu WIZ
sncn swlilntsg came the reStorulion Oh
huhlne0- confidence Unit the noNleIH
were forced, almost over night. to change
their tune. They are around with rep
RESERVATIONS, now that rcceivcrships are
here 20 stay. and that investigation by
officers of the court can result only In
making plain even worse conditions than
were Thought of before receiyerships were
established
Kut tbis SORT of tnlk has not the Old.
an. go ~ c,,,' ti,ior"a In IL ui,r nrn.
So-',i,,,,I ,''r ,i," ',n,, who L. ca"yinncd
tbat rvlryI"iy bnt himself is a baplrunt
,tI 80 ,, ,gt r. o,,,t's,,.', a. ,io
anu I"ru' uaA luAl Hla t"vhSulv H,Elt'
~ N',a .'' ii"N III i,i" Va I've
sem "ihti"l oulg,NineT oi month OF u WI
ueo. As matter OF met hueh all
sIe't lulhS cAu TenllIe anoul as wen NJ
ANYBODY else can mat a complete chahEe
has come over the Investment situation,
aud they understand, too, as clearly as
Ia understandable. that one of the priucl-
pal factors in tn Improvement, indca-
ting II aud emphasizing It. Is the fact
that instead Of continuing TO tumblp into
rereiyprsbips. the corporntions Of In,
country arc headed IN The oppositc diref,-
lion and ar, canine, ami Cniinnse IL fnl.
i,yeJ by in,nrnycrn,nt and b,.itcrn,,.,,+
A fpu r,,Iig,tion AZ tti. NOW. ,r,'a si,,,i
Grann, s,,raoIi,',. tb ' b,,sitae.,
nfrci,'s ,,,i''',7 ,, H., ,,..,,,'',.',o
IN. l,,.,',.,' ~, ''' 40
", ~ ,,,,,i5, ~ I'LL, 80. a..
detiDit, In,ai - " ~, ~, NJ, ~ u tn'
ti.u ,,,r.r,t,i.atf., H.. I.,t h.r. a.. 4
tbr,. ,,,.. ,, pti,, "'',
which ia l,i,,,, 5,oJe Nan f., wv ~ ~ 49,
nIana m,st rs,,,i~c i,rs a,1 n,,i',,,,
work 10 cfcct s,,ch ,rr,n,a,,crts nl MI
prnyila eGuitalIy fnr ynt,nns ,.,rti,s Ia
Interest In Inc yvnrlJ Of fnanrr tbcr,,
can hardly he n mora nnsrous ,,r1crtoi,
ING. ar 1ue ordinnriIv morn tLnflIoys
thnn the fjrtirins ont of mans f"r "a r,'
adjustment of Investment holdipgs There
il little strnnrcupss Ia tbr fnrt th,t
the reception which such nlnns usnnlIy
first receive is lacking in 'fnll approba.
ton from all classes Of Interested seen
rity holders. Ii Is the history of sn,ii
work in the past, however, That opposi.
ton Just for the mere sake af onnosN.
tiun Is rarely in any way effective. Fre-
qucntly notifications and changes are
necessary, and are brought about In-
deed. as q matter of fact. II rs not alto
gcthcr beyond precedent for plans 10 be
brought forward in a form intended
largely to he "feplcr' Some such
plnns have lately been preached In The
Street, hut as n rule there is careful and
conscientious figuring, and the plan ms it
comes uut officially is likely to stand.
Notable exceptions TO this custom have
appeared very iufrcQuently of late ycar5.
II is of consequence and is encouraging
to me utmost degree that almost univer-
sally The congratulations which are being
prepared for now are under the direction
81 banking interests OF the highest repute
Tor INST doRunr'
Another factor OF q cheering character
N the present conditions Is the l&ct that
lew OF the corporations having TO I'M