New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-08-10
J. W. REMNANT.
President.
REFERRED TO \ SUBCOMMITTEE.


The letter was received in silence. but It was
apparent that the explanation ~ Mr. Kenhart
aia no, give satisfaciIon Some II the members
%, the committee are said to have considered lts
tone as bordering upon nlppancy. The dispose
ton ~ the question Indicated clearly the temper
~ the committee The whole matter was re
fcrred - n subcommittee consisting ~ X Some:s
HAYES the chairman and Robert Fleming and
John Ludcn the foreign representatives.. with
full mower To act II Is understood that the sub
committee Will move with caution and only as II
fe.s assured ~ It's ground. The impression
nreveiled after the adjournment Of The meeting
that tho next important step ~ the sub-com-
mitt.. would be- to seek through the trustee OF
the mortgage the removal OF Mr. Renhart as
president and receiver Of the company. Ihe
full committee adjourned subject To the call OF
the chairman
Mr. Little. the accountant In reviewing MT
Reinhart's reply - the committee said
There Il not a single poln, Sc, forth In my state
mont mat is answered. or explained IN tne letter
Of Mr. Relnhar;. Take. for instance IN" lten OF
interest alleged t. have been earned between Janu-
ary / 1880 ana December g. $50. the daie OF me
appointment Of The receivers ana STU 10y ',,,
o, no, recognizing. Certainly DID not recoghizr
H. because II Is not on tn books ~ mas nor pr,
paid and It IL folly to credit an neon" "cS"nn s
with unpaid interest especially II there II no ch'h'e
Of ever collecting the interest
the sum Of 81 10000 alleged profits earned by me
company IT, Investment, IN terminal pr Ipppin,
that / have not included thnt IN my accouns. account. Far
suppose he refers To- the Chicago ana 'aumet irro
mnal property We'll th1t docs not mot apdI m
but | said would take nothing INTO 'o"S''''''''
that wa. not on the books oro,o ,ls exact Ian
guage: THE items Of 81 G2 10 - AM NSI"i 49, -
making an aggresaie OF $500, 49, w ~ tbe franchise
and property accounts for the reason ihat they rep
resent expenditure. mai out on ' =" ctober lsS
but which applied to the operations OF me prVprfN
hasn cared for under the forty-two mortgages
represented under the OLD COMPANY msa,aa Vi INC
two erp not proper debts They charged
TO rebates. and have Simply pac'a ''e'' ""e''
they belong
Mr.. Little next called attention to MIR. he'h-
harris assertion:
Mr.. Little thinks that hundreds OF thousands OF
dollars earned as SUBSIDY arc "''
think they are
Mr. Little said In reply to this:
They were not on the books. with the exception OF
the Mexican Government subsidy, which has never
been collected or Pa on the books and paid no
attention anything In the way OF eH pi h rot
theories fancies ! simply look MS "oo"' ""' 49,
his explanations.
MIR I.ITrI.E's REPORT.
,,,, re,or, ~ stephen Little covers ten fools
.,n ropes NJ tvpewritten matter. besides a sheet
Of tables At the start he explains that the "orh
laid out for him by the Reorganization Coi'''''
tee Is incomplete owing to its magnitude eN-
| ceeding the limit OF time allotted lie adds
Enough however has come under my oDs'r
hoth I'm the Western and Eastern DOCKS TO Ju u.s.,
na in making this special report on me o.Si r
ment OF the income OF the property 10, ,"' Is Ire
Ears ended June 80 1894 In advance as you eSt ,
80 nv Gnal report | have already aivls,u 20"
verbally that such income was. III ny J,n, ~
ny.rsated I'm these several years 10 tnr Atona,,,
e. on cso or more and now confirm TINS Spco"''
The first classification Of these overs -
Mr. Little puts under the head OF rtpateS o.
| Ue find that for the four years elueu Jue " =
1904 the debts FOR rebates to shippers aSs 600.
n 700 ZIG 90 on the Atchison system, anu 60, 49,
| 40 40 on the St Louis and san franc'S'o '''
| tom a total OF s39O6. CSC Al. lie says:
This sum was charged not to the eari,nSS 81 ar, n
whence n came as II should nave Zen, ~. sra
account entitled auditors suspenueu a'o'u , nd
ciaI and reported from year 10 year as d $50 ,,ha,
| available asset while In fact IL IA" ho '''" WIZ"
| .,o, q, limo 1891 the
| aiied ..auditor's suspended account-spria' W
a. sIs ,s, az on the Atchson books as apoNe. was
creJrd with i612 10 S. thus se'nnE Wy an ,hr
.rant credit balance to 1t Of S2ao2' 20 IN o'aei
words the 81 6i2 10 s. WAS cipalHeu ,o III h nmr
count ~ "franchises and property; put IoI w. -
49, oS this report reversed me entry,
tng that amount to the rebates Cauutof suSPt rar
,nsconnt-snecai') and Eliminating II from ,,a x
"A nronerty II this credit OF N6l2 ITO 3:
~