The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1894-08-10

The 81 Ions and San FRANCISCO
revenue account has also been over
suited S2O5,ss9 for rebates not de-
Quoted
PRESIDENT T,ein1lart's Reply.
President Reinhart in his reply de-
clares the earnings Of the Atchison
system for th> p r cd nam ID amount
to about $3.50, 900, 900 and then goes on
to point out the errors into which he
claims Little has fallen. lie says:
4 find SI.IOJ.O O0 of earnings of tho
Atch son system deducted from its
income account under the gree meut
with the St Louis and SAN francisco
"a lway company in 1887, as shown in
the annual reports and proper y cred
tie to the st. Louis and San Fran
cisco railway company, is owned by
til Atch sOn. Topeka & Santa He rail-
way company. In other words Mr.
Little ignores S1.1OJ.OO0 of actual
earnings of the AtchisOn railroa and
gives them no place in lli- staten mt
of the earnings of the sy tenn / also
find tlat Mr.. Little refuses to include
a balance of S457. 939 UNITED States
CURRENCY subsidy due from the Next
can government to the Sonora railway
tone Of the Atchison auxiliary COM
pan es). W hitch j. an undisput ted cain
recognized by the Mexican govern
ment-
"a find also an item of $3.50. 600, coy
billing for the last week in each
month. has been ignored by Mr.. Little,
Notwithstanding the fact that such
item was explained to him. / further
finl that Mr.. Little has either over
looked or re used to recognize s., $780,.
90 of interest earned from January L,
1890, to December %. 1898, on advances
made by the Atch son and San Fran
cisco com pa MES to the Atlantic ana
Pacific company. VIII. ch, with the in
terest so earned. is asset OF these
two companies and which, in adjust
ment of the accounts of the three
companies named. must be treated as
an asset Of the Atchison and san Fran
cisco companies, belonging to their in
come account.
sill further do find Mr.. Little
has not included about 81 500 900 of
profit earnel by the company upon
It's investment in terminal propert es.
The items of S1.612.f1O and $152 95I,
making an aggregate of $1,765, O6I,
which Mr. Little a so refers to. were
proper debts to the franchise and
property accounts. for the reason
out of the revenues. of the
recognized company subsequent
to October 1, 1889, but which
applied TO the operations of
the property prior to the date of re-
organization. and should have been
cared for under fortv-two mortgages
represented under the old company
This asset was used to Offset charges
which affected the other side of the
income account. and as Mr. Little
himself has stated in his report. In
the end the effect on the income
account will be precisely the same
THE items ! have mentioned more
than cover the alleged over statement
of income for the period of Mr.. L t.
ties examination by about $500 90.
Mr.. Little states that on June 80,
1893. the company did not have on
han the amount OF cash shown by
the books. desire to state most en-
phatical1v that on the date referred
to the company actually on hand,
in cash and cash items. the amount
stated in its report on that date
The reorganization comm ittee after
tn rea q ng of Presid Mt Rein art's
report adopted a re olution referring
the Little and Reinhart statements to
a committee composed of Z 5. Hayes,
chairman OF the general reorganiza-
ton committee; Robert Elem NC Of
the London committee, and Mr.. LE-
den. represe nting Hope & Co.. of A m
sterdam, with Instructions to report
to the full comm tee what further
act on should be taken in the prem
ises.
Two members of the reorganization
committee. who desired to withhold
their names from publication, stated
to porter that the general opinion
was that Pr silent Remnant had not
explained satisfactorily the charges
made BY Little
President Reinhart said: IT regard
my statement as a complete answer to
Lee fsl,-