The herald., 1894-10-03
DIRECTORS OF THE ATcHISON,
They Again Appeal to the
Shareholders.
A Renewed Request for Electoral
Proxies.
How 1t Is Proposed to Preserve the In
terests of tho Stockholders and
stavs or Foreclosure
of the Road.
BY the Associated Press.

By the Associated Press
New York, Oct. 2.-The following
circular was sent out this evening by the
directors OF the Atchson, Topeka and
Santa Fe company. addressed to the
shareholders of that company;
Your directors, by their circular Of
September 14th, have requested your
proxies for use at the annual meeting Of
the shareholders, to be held in Topeka
on the 25th of October next. In renew.
ing THE request they respectfully call
your attention to the following facts and
considerations:
No one of the new members of your
present board had the slightest connec~
tion with or responsibility for the great
mistakes and mislortunes of the pre- vi
GUS management of the company's af-
fairs. A statement has been ublished
to the effect that the new memb ers are
merely substitutes for the ret iring par
ties. This statement is an unqualified
falsehocd, and, ct the coming election.
should proxies in controlling members
be sent to the present board, the latter
will be still further strengthened in
the interest OF the shareholders. The
duty of your present body is to endeav-
or to overco me future difficulties in the
way of preserving and enhancing the
value of the property.
The chief of these difficulties now con.
fronting your directors, or their success
sors for the coming year. ia not the ops-
nf hA .e kA
company Qfor that Is exclusively the
work of the receivers) but the proper
preservation OF the shareholders
fairs OF the company on q sound basis.
Unless this work is done, the real value
OF your shares cannot be preserved.
To postpone 80 long as may be prac-
ticsble the sale OF the property of the
company under foreclosure and to bring
about the speedy acceptance by all con-
cerned of fair plan OF reorganization
are the most important tasks demand
ing the attention of your directors. No
body or agency can do this successfully
unless it has access to the i'm
portant facts and all the valuable
estimates and opinions; unless it can
tell clearly what Is fair and practicable
reorganization plan In the shareholders
interests unless it has forcs enough to
present its views effectively to the many
persons and parties in authority; unless
it can command the assent OF the bond>
holders to the sacrifice they ought to
make, and unless it can furnish or
cause to be furnished, the financial
aid that must be forthcoming in cup
port of those shareholders who cannot
or will not bear their proper proportion
in the unavoidable burden.
The undersigned are glad to be able to
assure you there are OF the present time
no ascertained facts bearing upon the
questions pending, of which your direc-
tors are not in possession. To what 10
already known will be added the renults
of the extended and expert examination
of the com peny's accounts made by
Stephen Little, the thorough inspection
of the personal property of the company
by Robert Moore and the careful esti.
mates and opinions of the most compe-
tent persons connected with or familiar
with the company or its affairs and ca
pabilities. From this ample baais Of in
formation will be determined the atti-
tude of your board toward the problem
OF reorganization, and OF such informa-
tion full abstracts will be furnished
to the shareholders. Your directors
will supplement their already abundant
means and experience with every source
of assistance obtainable, and no step will
be left untaken that may better enn BILE
them 70 act promptly and wisely.
(Signed) EDWARD J. BERwIND.
WILLIAM L. BULL.
THOMAS p. FOWLER.
o. X. HOLIDAY.
GEORGE A. NIcKERsoN.
ALDEN SPEAR.
JAMES A. BLAIR.
B. II. CHENEY, JR.
G. w. GLEED.
SAMUEL @. LAWRENCE.
l.. S. EvERB.
f. X. STURals.
Mr.. Spear will decline denomination,
and his place will be filled by repre-.
sentative OF Amsterdam, which holes
5000 shares OF the stock.