The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-08-10
Mr.. Reinhart Makes an
Explanation
WHICH DOES NOT EXPLAIN
Vast Sums in No Way AC-
counted For.
FIGURES THAT Do NOT AGREE.
The Reorganization Committee Not
Satisfied With the Present Man
agement of the Property.

NEW YORK. Aug. 9.-The Gene Re
organization Committee of the Atchison
Railroad Company met to-day and received
President Remnants reply to Expert Lit
ties statement that the income account of
the Atehison for four years ending June
80, 1894, had been overstated to the. amount
of over 100000. In brief, Little's re-
port Classics the overstatement as fol-
lows:
Rebates not reduced from income. S.
700. TO; arbitrary additions to earnings
without foundation. 100000; arbitrary
deductions from expenses, Improvement
account, which should have been charged
TO expenses. S4SS0 traffic balances.
worthless but not written of, S305, S43;
total amount of same TO June 80. 1898,
S7.265,62O.
TIE last balance issued to stockholders
was sc, 273, 479, and this was covered in the
published balance-sheet of that date by
the following entries: Cash deposits over
estimated, $500, 525; bills payable under
stated, S1.9300O0; accounts receivable,
overstated, 81, 640S44; franchise and PROD
erty overstated. $500, 10; total, So
1884
The remainder of the 81, 2S5. $50. being
S1,012,1 41, was created by similar entries
during the period from June so. 1893 till
the appointment Of the receivers.
The overstatements by years are as fol-
lows: Year ending June 80. 1891, 50. &c.,
csc; year ending June 80. 1892, S1.449.635;
year ending June so. 1898. s., 1914, 75S; year
ending June so. 1894, S1.012. al. Total.
1885, 200.
HThe st. Louis and San Francisco revenue
account has been overstated S205. $40 for
rebates not deducted.
President ReinhaTt in his reply declares
that the earnings of the Atcbisen system
for the period named amount TO about
$4,000, and then goes on to point out the
errors into which he claims Little has
fallen. He saws:
II find 100000 of the earnings of the
Atchison system deducted from its income
account under the agreement with 81.
Louis and San Francisco in 1887. as shown
in the annual reports aud properly cred
tied to the St Louis and San Francisco
Railway Company. This company is
owned by the Atchison. Topeka and Santa
Fe Railway Company. In other words,
Mr.. Little ignores S1.100,OO0 of actual
earnings of the Atchison Railway and
.&ItGS bBOn nO pldCO III MS VI
earnings of the system. 1 also find that
Mr.. Little refuses to include a balance of
S457, g39 united States currency subsidy
due from the Mexican Government to the
Sonora Railway. one IF the Atchison aux
iliary companies. which is an undisputed
claim recognized by the Mexican Govern
ment.
81 also find that an item of $3.50, 600,
covering earnings on freight on through
billing for the last week in each month.
has been ignored by Mr.. Little, notwith-
standing the fact that such item was fully
explained TO him. l further find that Mr..
Little has either overlooked or refused to
recognize So $50, 900 of interest earned
from January l. 1890. to December %,
1898, on advances made by the Atchison
and San Francisco companies to the At
lantic and Pacific Company. The inter
est so earned is an asset of these two
companies, and in adjustment Of the &C
counts of the three companies named