New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-11-13
THE AFFAIRS OF ATCHISON.
MR. LITTLE'S REPORT ON THE CONDl-
TION OF THE FINANCES.

FIGURES SHOWING THE DRAIN OF THE ACNll-
larry coMpANIEs-A DEFICIENCY FOR FOUR
YEARS or OVER s5.ooo.ooo.
stephen Little the expert accountant who has
been investigating the accounts of the Atchison
Topeka and Santa Fe, has finished his work. and
his report was made public yesterday here and in
London and Amsterdam. 1t is addressed to the
chairman OF the Atchson Reorganization Commit
tee. r. s Hayes and its most important features
are as follows
The net revenue for the year ending on June ~
last. exclusive OF the Atlantic and Pacific. colorado
Midland and St Louis AID San Francisco lines. was
s59j6.5lL This includes instalment OF $5O,VO OF
the Sonora Railway Company subsidy. which should
be deducted i'm considering earnings as basis Tor
plan Of reorganization. The net earnings would
then be reduced 10 sjGp66li Deducting interest on
prior liens there remains Nsl626i. applicable to the
interest on sl9S 355 6oj per cent general mortgage
bonds outstanding equal to 375 per cent.
II the operating loss the St Louis. Kansas City
and Colorado Railroad and the amount allowed for
the contributions made by the Atchison Company
under the ,ripartite agreement between 1t and the
Atlantic and Pacific and 81. Louis and San Fran
cisco restored to Atchison earnings they would
equal 400 per the general mortgage bonds
The auxiliary companies are severe drain upon
the Atchison system under the present fixed
charges For the year the total loss on Atlantic
and Pacific was 1880 03i. one-half chargeable TO
Atchson. The loss on Colorado Midland was s641,-
7ji and the loss s.. Louis and San Francisco
was s59a6G2 all chargeable against the Atchison.
on the results of the adjustment that may be
reached with these companies. II they are Kept IN
the system. will depend the real surplus available
for payment of interest on Atchson general per
cent bonds
The net floating debt of the Atchison Consolidated
system. not including the Indebtedness Of one com
Dany 10 another in the system. nor the overdue
and accrued interest or the funded dept, Is set
down as S91495SS The net floating debt or me
Atlantic and Pacific Is $5S9j05; OF the Colorado
Midland slS} 1853. and of the 81. Louis and san
Francisco $iS7.7 1872 The gross mfunded debt Of the
entire AtchisOn system is $l5.l063sl the gross on
sets 1886 49, and the total net unfunded debt so'-
il0.9r2 ~ A., ,,.t,
and Pacific to Atchson &,ss91@. ana TO the
St Louis and San Francisco S6,%i,2n Inc IN
debteIness Of the st Louis and san francesca 70
Atchson was 81 SCI .2i9. ana that OF the colorado
Midland l5a5 9l5. These claims. MI. Little says
are apparently worthless and should be written 10
tho debit of profit ard loss
The interest on the funded and unfunded debt ana
tho deficiency IN each year from 1881 to lNi Is as
follow. lS9i interest $.lG,l6i. deficiency %4-N1'
sqs interest S79l4.lll. deficiency $193S lss5 inter
est s. 90 49, deficiency Sl3s2j; 1884,. interest "
oci az deficiency SIO0s2f total deficiency Tor the
fo,,r years e. 16S 292 The gross floating deDt IS
Il, ios '2sl. the gross offsets amount 10 Ao5jl''
LEAVING a net floating debt OF $40, ilo2o2