The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1894-10-13

of the companys affairs, and that the dis
bursements of enormous sums of money
were made without any vouchers on file
to show for the same SO far as can be as
certained, the gentlemen now ask to be
entrusted with the confidence OF the
stockholders and the control of the pro-
perty. mildly char4cterizing them as
mistakes and misfortRnes of the pre-
vious management
cit is hardly likely that the new board
OF directors will address itself to probing
to the bottom what they gard as mere
mistakes and misfortunes' Of its prede-
cessor. Only those who believe that the
gIo3s Irregularities. if not worse, have
been perpetrated upon the security hold
ers IN the conduct of the afairs of the
company, and who are under no obliga-
ton to their predecessors for creating
places which they are filling. may be re-
lied upon to probe to the bottom the
acts of the former officers of the Atchi-
son.
"The predecessors of the present board
are credited with having called into be-
ing the General Reorganization commit
tee which put forth plan of reorganiza-
ton practically cOnhscatlng the capital
stock and seriously dapreciating the
value of the securities of the company
generally and it has continually changed
front with reference 70 its plans and in
tentions SO as to make it appear that it
occupied substantially the same platform
as that put forth by this committee.
1T has been announced that the re-
ownership must be continued one or two
years. This announcement is made be-
cause il is now apparent that the Gen
eraI Reorganization committee has failed
to secure sufficient support from the
security holders to execute its plans, and
Is therefore made apparent that the
property must be kept in litigation until
some new plan is formulated and brought
to the attention of the security holders
and by its acceptance to entrench them
selves in control of the property
No reasons have yet been furnished
which indicate the necessity for prOtract-
ing the litig alton, and none are believed
to exist
"A condition of affairs which has
caused a depreciation of the value of the
stock from 1920 to SO per share within
few years, Inf1icting serious loss upon
thousands of innocent investors certainly
demands a rigid investigation. The
stockholders thus far have been cropping
about IN a dense fog with regard to
the many irregularities and wrongs
which have been disclosed, but the de-
tails of which still remain a mystery.
If aggressive policy is to be pur-
sued looking 70 a thorough overhauling
Of the past management and ascer-
talnment of its inside workings and the
application Of the millions OF dollars in
VOWED in the present Wreckage, it can
only be accomplished through agents of
the stockholders selection who will be
under no obligation to the old manage
ment and who will be singly devoted to
the protection and the conservation of
the interests of the property.
ssThe stockholders now have a choice
of eIecting an entirely new board of di-
rectors, with no connection with the past
management, the other hand, of
supporting a directory the majority of
whom, from the facts above submitted.
are totally affiliated with. or were ap-
pointed directly or Indirectly at the in
stance of the retiring members"
The use of DR.. Prices Baking Powder
stamps every woman who uses it
model housekeeper.
Nothing In It.