New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-08-08
ruE ATCHISON MYSTERY.
,rN TITLES REPORT JEALOUSLY
GUARDED.

.uDFS THE DETAILS OF THE DIS
CLOSURES MADE BY ITS EN-
PERT ACCOUNTANT-CRITI-
CIsM IN WALL STREET
General Reorganization Committee of the
' u, Topeka and Santa Fee met yesterday
A'e.osIved an additional statement from Stephea
gu the expert accountant who examined the
p'." nd accounts Of the company and discovered
~a..rstatement of income for about four ana
" ,sars amounting 10 E.a0.oW The committee
~, w Reinhart. president OF the company
s, the members to-day. and present any state
- ,s wished to make. This, in substance, was
ns information that could be obtained yester-
|s,d IFS paucity excited common; in
VAL street ... ,..u ,oo,, ,,r,od from
,,chison managers who must have been re-
".,,le for this overstatement Of income against
nsmbers OF the Reorganization CoTnmtte-.
..crecy observed with regard TO this most I'M
III, subject is generally regarded as indefensi-
~ Tho committee has Issued a pan OF reorganiHa-
w. and invited the confidence and support of
,,v.ho,ders. Ii stands in a seml-puDhc rea-
Nv. "a the security holders and We, NJ details re-
w" s,,ns Mr. I.ittles disclosures are obiainabe.
NO DETAILS VOUCHSAFED
.r,v three weeks since Mr.. Little first
n the committee that he had discovered
I'm s,.orenances between the income Of the Atcht-
wv =. renorted by the management and as should
.uv he shown by the books. The committee
-. the bare announcement that there haa oeeh
~ Nr Iittle's report an oversiatenent OF m
" xceedng S. G0.0oO The announcement caused
e'' ' decline I'm the stock and bonds of the
NV YET no further details have been voucn-
VIZ 20 the public since. Notwithstanding repeated
aS.,,,,r The securlty-holders are In as com
~ Iarorsnce as ever as 10 how the overstate-
- occurred whether Il arose from charging re-
1,. N shippers to capital account instead OF oe-
,inr them from operating expenses; wheiher
49, improper charges were made 10 capitai ac-
n. and whether the manipulation OF the ac-
.rn,s was Of criminal character or not wall
$50 ,on,s 10 the excellent opportunity offered for
...ot ,obbery in the retention OF this detailed IN
,'.n.,,on by the Reorganization Committee The
ri,r holders have been kept In the dark FOR
,,v three weeks respecting the question OF how
,o,s IN character Mr.. Little's disclosures may be
r,a secrecy observed by the committee has kept
che A,chison securities under a cloud. and no one
a. certain as TO whether Mr.. lAttle's examination
n,..,,hsd gross irregularities in management or
cos merely an accountants criticism oil ne'hous
mich other accountants might justify
- ,,s mean time damaging rumors have been
.,..,,a,aa in Wall Street without correction or de-
vs., -, members Of the committee Ii was uni
y.rsany believed that after yesterdays meethg a
.s,a,ad statement would be made public out the
Of
m Ts smss,ns Of the reorganization committee was
held in the Muua! Life Insurance rassn, Mere
ns The members Of the committee. preseMt 49,, ~
r somers Hayes the chairman Whiiah Me rtsh'
rspresenting L. Won Hoffman, E1wafd y, V WsSS'
TtA members absent were General Louis Fi'zgera.d
4 H Iseln and Frederic p O:cott; {, Seam,sn
and John r. Dos Passes eounse: anc herman
Kobbe the secretary Of the committee were a:so
psssent besider Robert fleming and victor Nora
we;z representing the English bondho!ders Ihoinas
p,rIrg Of London was not present, az 1t was re-
ported he might Ne Mr. Lite attended me NEE .e
ms he had discovered in examining the companys
hooks The only ofica. statement that couid De oo-
and after the nes .sn WAS h su Mr. Lite
presented his detailed report with reference 10 she
., d n S o1T ending
June 30 1924 which report confirmed me statements
he has t ,s Sso6 s % e resov that
copy Of the report be sent 10 Mr.. ke.nhart, as
president Of the A At Copany Sna ,st nc
and the other officers Of the company may pre-
n; to the committee any written or verbal state
rsnce 10 Mr. Litle's report"
Xr Hayes and other members OF the committee
we're coseted with Mr.. Lite a long time after the
.ormal meeting was over. But no member OF the
committee would speak more fn:.y respecting tn me
euntsn,s report.
Mr. REINHARTS POSITION.
President Renhart could not be found at his Of
fee John j. Cook one Of the receivers OF the com
aay, declined 10 talk for publication but said that
be would have a statement TO submit TO the re-
G:ysnizaiion committee to-day. Friends OF the Al
Gibson management say that Mr.. Relnhart VIII
make a compete defence and will dispute many II
rot sil Of Mr. Litt,e's charges 10 the Improper
treatment o, accounts They are bitter In de-
bouncing the reorganization committee for keeping
NJ Reinhar; under these accusations Tor so long
sad one Mr.. Little has six weeks IN ~hicn
prepare his report and Mr. Renhart Is allowed
III hours In which 20 prepare an answer. But the
We sunlcent Tor his purpose. ,,, =,
What wa.l Stree, is Interested in is the details OF
NJ kites extraordinary report. Bankers ana Sc
ssa,ny holders wish facts upon Wnich 10 form d
lsssment 10 the property and .ts past manage
nnt II II is evident that there has been Juggling
VI The accounts for four years there VII. De an
nagnAnt protest against the continuance OF Presi-
esai Reinhart In power II the disclosures are
s'0s enough doubt steps Will be taken TO Sc
ss'e punishment Of any possible Improperly Inc
hotctive Reorganization Committee. organized IN
Wos'iion 10 the General Reorganization commit
= 10 compelled 10 withhold any scheme OF recon
vfueion until the facts learned by MI Little In
a. Examination known 1t Is certain tnat II IN
M'naton is not placed before the public there
w Be a movement to secure through the courts OF
| e interstate Commerce Commission an investiga-
on INTO the affairs Of the company and the regn,
~ committee for the benefit OF all creditors ana
&c owners OF the property