New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-08-09
WANT RECEIVERS REMOVED.
ATTACK ON PRESIDENT REINHART AND
COLONEL MCOOK.
THE PROTECTIVE REORGANIZATION COMMITTEE
OF ATCHIsoN TAKES DECIDED STEP
MR.. REINHART TO ANSWER MR.. LITTLE.
THE EXPERT, TODAY-PROSPECT OF

THE EXPERT. To.DAY-PRosPECT OF
LIVELY FIGHT IN TIE COURTS
The situation Of the affairs OF the Atchson,
Topeka and Santa Fe Is daily becoming more
complicated. The relations between the Cen
eral REORGANIZATION Committee and the mana
gers OF the company who favored the organiza-
ton OF the committee are becoming strained In
consequence Of the disclosures made by stephen
Little the expert accountant who examined the
accounts Of the company 1t would not be sur
prising II new committee on reorganization
would be put in the field by the friends OF the
present directors who object TO the attitude or
the General Reorganization Committee In its
treatment Of President J. w Reinhart Mean
time the Protective Reorganization Committee
has thrown n bomb into .he camp OF the man
ayers by soliciting the trustee Of the Atch'son
mortgages to take steps for the removal or Mr.
Reinhart and Colonel John J. McCook as receiv-
ers.
The General Reorganization Committee met
yesterday and It had been expected that Mr..
Rcnhart would appear to defend himself against
Mr. flttles charges. Mr. Reinhart however. did
not receive copy Of the Little report until
D. m The committee took no action on any sub
ject and the situation was thus explained In an
official statement made by Herman kobbe. sec
retary OF the committee:
After the meeting Yesterday Mr. Little desrel
further TO consult the books or the compan! Win
reference n certain Item In which the prirted re-,
port OF the company differed from the BOOKS iie
was unable to 40 80 pt ,s nny Of the results
his report. amphed IL In way 10 MAKE !. IL HOre h
nsar no% btsn ~5h handid to %r Renhart and commit
tee has adjourned until ? p. m. tomorrow
The members Of the committee still refused to
furnish any information as 70 the details OF
Mr.. iittle's report but r. Somcrs Hayes, the
chairman. said that the report would be given
out in full to-day
THE LETTER TO MIR. KING.
The most interesting development OF the day
was the letter Of the Protective Reorgahza'""
COMMITTEES Theodore W Myers, chairman. to
Edward King. president Of the Union Trust Oo"'-
many asking him. as trustee of the mortgages, 10
seek the removal Of Messrs. Reinhart ana NC
cook as receivers. In connection with this II
was rurnorcd that W. II. Male. president OF the
Atlantic Trust intended to resign from the com
,,,,,,.. hecatIse the letter was cent In reply 10
,roulr,os Mr.. Mnl said that h. had expressed no
Intention ~ reslgning but he said that II he hai
boon nrescnt AZ the meeting of the committee
rben TN. letter was drawn up he would nave
voted against sending IT at present
rosenh W Rclnhart. who is the central hgure
g., n. Atchis1n breeze stirred up by MT Litte'
ia cxu.rt accountant OF the United states Ire"S
ur, He ,s said 10 be a special favorite oi fr's'
don, Cleveland and Secretary Carlisle. ana 'he'e-
,or. hts reply to the Little arraignment VIII DE
watched with interest In pohticai az we" ~
financial circles 49,,
The Protective Committee In us letter 10 wi
King does not hesitate TO accept the ,r"'n u
the rurnors started by Mr.. Littles Investigations
,,o,utlng to improper management OF 'n' ~ '''
sons finances. and 1t asserts that IL mas zoe"
hlocked hy the management IN efforts 10 S''"'
Information from the company's officials Tor ,h'
benefit Of the large body of STOCK anu S''"'''
holders whom It represents.
TEXT OF THE LETTER
Tho letter is given herewith:
New-York. Aug 6 lS9t
Edward King Esq, President On'on l''s' No'''
pay r In the light Of recent deyeicpmSn,s we
are impeel out OF sens %, "'s' os thc Atchison
an o%,t. IL unnry,nlyatlon Committee. "ecte.l 10y II
sockhoIders OF the Atchlson opehA "' neti,"n the
iI hai.oe r the removal Of Joseph " Reinhar' ana
MeISSes ,Sese parties were selected for this great
,rn.t II was generally believed that D,,' chief
,s,den, OF the company and the other a. leS ha
pres,'ert ev,ser and director OF long standing hal
hacn most loyal and true 10 out I h,' mis- con-
sun ION .nn' in Welding their appointment ,,
7''i ,bc line foreclosure proceedings We ohr, 80
the So So financial entan clements THIS fcrllns ol
Confidence their part was dur ~ ,rrnI " for the
Meal grc 10 year @ ching June g. 1893 which 5sc9ses
net sufiIus, =, ~ statement made to us December
~ Issg over Mr. Renhars own sisnatu&,c; & ~ be
he assured Us tna' mem excecd s53co6o. that the
coipany heii securities more than sufficient 10 pay
the same and that 9f To Cpi'h gmoIe II. own words
The Atchison system, ~ & WnoT' ana All other
81 iouls az, an 1 1comprsing 9Si5 miles OF railroad
IS amply able. even under tne pr'Soh' Ioyn us nxed
ditions. to earn safe balance
Tb latter showing was deemed most 81
- a q NOT I'm the least JeOplrd.Zng 'h' ""''''''' "
the stocMn0,'e ston vents have shown. however. that
giosaot3 IN he keeping OF the company accounts, &
and that IL actual nna"cnh whot nppcars to have
mem course Of Systematic deception hii oeo pur
pa arI the records have been so ar rtiu.N III III ~
,e1 AS TO present surplus. when In truth as %
nriency seems to have existed, ne Ia "a. anrear to
hie balances heretofore exhibited now appr',, ,,o,
aseoiye themselves into myth. and we 'ear , ,nm,
,he rompany's affairs may be such a. 10 '"'''''"
thr FTsyeS. ;s eSS.ssp"nsbty for all this Is shared by
Messrs Renhart and McCook the'r InG in our
reGeNnfS onnrate as menace the interests we
The precise and extent Of me Wbs,ber
have not had the opportunity TO ascertain, M NV No
a great wreckng scheme was on loo.. "e b,ws va been
Irn,eJ the privilege Of examining the affairs ot 'e e
company and yet 1t appeapSS 10 u ths work Of re-
hhaht,i,,at,ne the company the receivers hdVS hV'
afforded us the opportunity OF securing ,e,'p i
a,n ,o the actua resources OF the coihpinI, ~.
IT, hIl,,ies and It's true earning <ipacty nVI M
,hev responded 10 pertinent Inquiries WHICH ~ ,, "an
ha.1 addressed to them concerning these I
There ought to be absolutely no secrecy III tn" o.
MSS and affairs this company cspe'Ia! 80 ~ ~
u. - s,oclhoders are concerned. IL u h'rnc;SS
o. O., saw that our efforts have been very Inuch on,
siructed by this action In our opn,4in ~ con-
trolling this great property should be iTcJ IRON rom
ayerv suspicion OF wrongdoing ana pe ehtlr'S us
eoon,nyec,ed with the companys past manag
We satisfied that IT is g1uT aim ,n,errity 20 and
~ deal Justly toward all interests. ana we ',
fore appeal TO to take such acton a McGook as
receivers and substitution OF other III ~, 'oir
In ther Mace who will be disposed TO conserve ciI @
III and IN whose impartslity and fairness we
can repose Implicit faith and conhhrncr hop'"e '''
IdNoI"p'e ''P''' "" r,IIE.nIGRE " MYERS,