New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-07-17
financial.
REORGANIZATION
OF THE
AtchiSon, Topeka & Santa Fe R. R. Co,

The stockholders OF the Atchison, Topeka
r. r. Co.. realizing that 1t will be necessary for them
TO furnish the company with capital. and the Sec
ond Mortgage Bondholders. being asked to make
sons for the future welfare OF the company uniting
In reorganization OF their creation rejecting the
plans OF the General Reorganization Committee" The
members Of that committee have Informed that they
consented to act a, the express request and with the
direct cooperation OF the officers and directors Of the
Achson Company 1t follows therefore, that the
ing trust which they propose would have resulted in
of the new bonds which they undertook to put ahead
OF 'he present second would have been left
in the hands 81 that management
But the Atchison managers came out Of the courts In
1852 and given ftesh start with 100000 in
cash ard over $1,000 60 in bonds. They have since
bought railroads fatal cost and ask for SIT 600.
600 more TO OF the again.
Both bondhoders and stockholders hive become unani
nous in the opinicn that the time has come when the
Achson policy Of railway expansion and the financial
methods which have twice brought the Company into the
custcy Of the shall he forever Abandoned that
hereafter floating debts shall be incurred and that
the officers shall devote themselves TO development OF
business and of operation.
The stockholders and second mortgage bondhoiders
being represented by the undersigned will cooperate
with each other FOR the and preservation OF the
valuable equities Of which they the Joint owners
and undersigned charged with the responsibility
Of efscting REORGANIZATION which accomplish this
result. will avoid the issue Of SG 1000 Of new secu
ties. Will avoid voting trust which would destroy the
value Of the stock and which VIII pre-
degradation the second mortgage. The gen
era, mortgage and the second mortgage will retain
their and the holders OF second mortgage
bonds will give such relief to the Company
in reference their matured and maturing coupons
stockholders will be justified In making new In
ves,ment furnish the company with new capital
The undersigned taken steps 20 ascertain the
exact financial condition Of the Company and Will OBJ
the best estimates possible Of the net earning power
Of system under varying conditions
he o. he
tent Of the the second mortgage bond
holders depend this information. and will be
made burdensome sound finance Will permit
bu, the imperative Is realized Of placing the
Company upon a financial foundation which frugal man
asement will render permanent
Upon payment Of the assessments the stockholders
will take the property into their own hands
Holders Of "A" and "B bonds and holders Of gen
eral mortgage requested 10 deposit their hold
ings promptly either with the Farmers Loan and Trust
Co. New-York the Atlantic Trust Co.. OF New
York. she American Loan and Trust Co.. OF Boston.
where copies and circulars ex-
planatory Of the purposes of the Committee VIII be
furnished.
Stockholders advised that there is immediate ne
cessity for uniting their and their influence. and
are requested deposit their holdings mt once with
either Of the above deposaries In pursuance OF the
agreement above referred 10.
Atchison Protective REORGANIZATION
Committee.
Hon. THEODORE w. MYERS. Chairman.
Hon; g ss:,:,s4s II Fl, f. t TH : Navy:
WILLIAM II. MALE,
Presiden, Of the Atlantic Trust Co.:
HENRY CLEWS
Of Henry Ciews & Co. Bankers.
EDWARD n. TALLER. New-York
MARTIN VAN buren, EDGERLY.
President Of the Mass. Mutual Life ms. Co.
Springfield. Mass
Hon. CHARLES H. ALLEN,
president Central National Bank and Home Saw
ings Bank,
MARQUIS +. DICKINSON. JR..
o. Hyde Dickinson Howe Boston
r. d. CARLEY. Secretary.
- " 80 Broadway. NewYork
Hon BENJAMIN II. BElSTOW.
''''' ex- Secretary Of the United States Treasury
SIMON STERNE. Esq.
NEWMAN ERB. Esq.
q counsel.