New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-09-15
BIG CHANGE IN ATCHlSON.
NINE NEW MEMBERS OF THE BOARD
OF DIRECTORS.
Az APPEAL. FOR STOCKHOLDERS suPPoRT-A
TRIANGULAR CONTEST NOW PRobAbLE-
THE PROTECTIVE COMMITTEE DENouNcEs
THE ACTION OF THE BoARD-lr

THE ACTION OF TIE boAND-ii
WILL CONTINUE TO FIGHT FOR
ANOTHER MANAGEMENT.
There was n radical change made yesterday IN the
Board OF Directors OF the Atchison, Topeka anu
Santa Fe Railroad which will add extreme zest 70
the contest for control az the next annual meeting
OF stockholders on october % 1t was surprise TO
Wall Stree; and was not entirely we'cohe u 'ne
interests now engaged in attempt to reorganize
the company. There six designations from ire
board and as three vacancies already existed, nine
new men went into the management Al the same
time the new board appointed proxy committee 10
solicit the support OF stockholders for the board az
constituted after the changes.
These changes were made wholly independently OF
the General Reorganization Committee, OF which
Captain Il. Somers Hayes is chairman That COM
mttee has suspended work pending the completion
of the full report of Stephen Little, the expert ac-
countant. who is engaged In examining the
books OF the company, but II is believed 10 nave had
definite IDEAS as to the programme which should be
carried out at the stockholders meeting This pro-
granme is interfered with By the stroke of state
OF the Old managers. 1t is too early, however TO
say what attitude will now be assumed by the
General Reorganization Committee. The news came
like bombshell in the camp Of the Protective Com
mttee OF which Theodore W. Myers is chairman.
Some of the members denounced the action or the
board as a trick to secure the immunity OF the
directors under the Reinhart regime from the conse-
quences of the revelation OF improper ms r a oi
that the new directors were probably friends Of the
old managers. who would see that tnere was 10
further OVERLAPPING OF me Atkinson AFFAIRS am no
sponsibe for the bankruptcy Of the property Inc
protecye Coml'iee VII and aitcmp +" make
radical change in management irrescc',rmc % ~,
viii be a lively Triangular contest for control OF
Atchison with each party having In view the de,
hc benS E' ETns " om amy
The new Board OF Directors Of Atchison. 1t Is as
Complications and was chosen at the suggestion Of
holders Of large amounts Of the company st Se1,
approved by foreign shareholders. the Atchison
board as now CONSTITUTED is c3mposev M sn
man Bull, Thomas + Fowler. John A. Metal ana
srank * Snss Si e"rF Hckcrson and A
den speare Of Boston c. $. Geed and G < Ho,li-
Kan. The new members Messrs. I}erwInd Blair.
Bull, Fowler. Gleed. Lawrence, Mccall. Nlckerson
rng. John j. Mctook William Libbey. Il. = che;
ney. sr.. George 4. Peck and Z. b. purcell or Ia,
Allen Manyc, tisorge G. Macoun and Robert Har-
ris Colonel McCook retires from the board be
court has Jurisdiction over the Atchson receiver
ship that ne wished all Of his receivers to be dis
connected from the manage mcnt OF the company.
dne new no9Ia fo M tss yyoHk Lie Insurancc
president Of the New-York. ontario AMI Western
hallway Nj Sursis is member nh o; the or n1.
dent Of the stock Exchange. Mr., Bull Is member
OF Edward Sweet 4 CO.. and he IS also an express
ident OF the Stock Exchange. James y. Blair Is
member OF Blair a Co. bankers. ana IL nephe"
Of tho venerable railroad capitalist, John l. blair
Mr. Bcrwlnd s president OF the Herwind u White
Mining Company. General Samuel {. Lawrence Is
n director in the Hoston and Maine RAILROAD ana
other Ncw-England corporations WIN Messrs
Cheney and Nickrrs0n be represents the 'hrce ARG
est holders OF Aichison stock IN New-Englani.
Alden Spcarc s a prominent merchant Of Boston.
and has been a director ~ IN" company Tor twenty
six years Coone Holiday, = Kansas was the
first president Of Atchison. and has always h"en a
large siockholdcr in the property. Mr. Seye'y has
been for = long time director ard Mr.. Gleed OF
Kansas represents important New England inter-
Csts.
Tho Nrroxy Committoe Of the new board consists
OF T. L. cheney. g.. and Messrs Lawrence, NICK
erson Bull. Fowler. Mccall and Sturg.s
The directors have not discussed N" question az
the presidency az yet Nlccpr siIer' Robinson.
who now acts In That capacity. IL thoroughly com
petcnt In the practical operation Of the road. and
he may he allowed % continue IN charge until the
company is taken Of tho hands 81 the receivers
But II is probable that a chairman of m" hoard.
t. have charge Of the company financial analrs;
NAV be sc.cct'l soon Il ls thought that colonel
Holiday may be the choice. although one ~ the
New england representatives. may be agreed upon.