Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-08-10
N. REIAHARI TALKS BACK
EXPLAINS TO THE Arc'p. ON
hH COMMITTEE,
Us That Tspcrt Little Hns Ig-
n.rrd Whole Lot Of EnrninsS
-. oyerbnlancc the ST.oao,noo
.,.~e I'm the ItonJ's Earnings.

a,vatlon committee Of the Atcbison
s.,,road company today received Pies
'1ent Reinharts repiy TO Expert Lit
M statement that the income &C.
/ o,rts of the Atchison company Off the
~ years ending June %, 1894, had
s,sn oyerestimated 10 the amount OF
$1,000 900. In brief Little report,
.,..siaes the overestimates a. follows:
a.n.,ss not deducted from income,
!, 40 M; arbitrary additions to earn
~. without foundation. s1.olO.0OO; ar
,l,r.ry deductions from expenses, $751;
10: Improvement account which Should
1 nave been changed to expenses, $685.
IA. traffic balances worthless but not
sr,t,en on, s3O5,Sis Total, sl,2s5,52o.
,,no,tnt Of same to June 80, 1893, the
S,,a on which the last balance was is
III TO stockholders. was S6,s75. 3Ss, and
nls was covered in the published bal
sheet OF that date W the follow
49, entries: Cash deposits cvcisinted,
M, SIS. bills payable. understated,
Il gsO O0o; accounts receivable oyerstat-
a us4OSAi; franchise and property
.yerstated, S2,1oO. 10; making a total OF
a on 4fg. The remainder of the 1885,
',c. being si,Oi2,O4i, was created by
.,nilar entries during the period nom
lime 3d. 1898, till the appointment OF
M receivers. The overstatements by
wears is as follows; Year ending June
ID 1891, s2,629, 0s6; year ending June sO'
nv 81 .44g 1856; year ending June 20,
soru4 TEg. Naur ending .lmne aO.
IN 81, io2,14l; total, T,2s5,62O.
The st. Louis and San Francisco
r.venue account has also been over
.,ated s2o5, sac for rebates not deducted.
President Relnhart, In his reply, de-
.lares that the earnings OF the Atchi-
an system for me periods named
~ Mount 10 about $50 00n. 900. and then
IA on to point out the errors into
3Whlch he claims Little has fallen. He
Z find that 81 100000 of earnings of
he Atchlson system, reduced from It's
sncome under the agreement with the
N Louis and San francisco railway
onpany Of 1851, as shown in the an
mai reports, and property to be cred
tted 10 the st. Louis and San Fran
5lsco railway company, is owned by the
alchlson, Topeka and Santa Fe rail-
Mad company. In other words, Mr.
ltle ignores 81 100000 of actual earn
, Inrs OF the Atchison railroad and gives
hem no place in his statement of the
arnings OF the system. / also find
Ihat Mr. Little refuses TO include a
alance Of Si57 1879 UNITED states cur
ency) subsidiary due from the Next
/; Ian government to the Sonora railroad
one Of the Atchison auxiliary COM
anles). which is an undisputed claim
4 4. Nfa<trut, frffN pnnnt.
ana also that an item Of $4,000, COW
hing earnings on freight on through
nnng for the last week in each month,
as been ignored by Mr.. Little, not
Outstanding the fact that such Item
ss fully explained to him. 1 further
ma that Mr.. Little has either over
p9ked or refused to recognize $2,332,OOO
n Interest earned from January |, lSsO,
N December 20, 1893, on advances mace
y " the Atchlson and San Francisco 10
I be Atlantic and Pacific railroad COM
" iny. which with interest so earned
an asset Of these companies, and
hrh in adjustment OF accounts Of the
tne companies named must be treated
= an asset of the Atchison and San
zncisco companies belonging to their
,ome account
'stn further do l find that Mr.. Little
~ not included about Sl,50O,0OO OF
- nit earned by the company upon It's
rsstinent in territorial properties
Ne items of 81 ,6l2,1l0 and Sl5293l
Ming an sggregate of Sl,76oO6l
aleh Mr.. Little also refers to, wher,
D3X Nper debts to the franchise ant
rrerty accounts for the reason tha
ty represent expenditures made ou
The revenues OF the reorganized com
n, r.ny, subsequent to October /, 1889, bu
y tlch appealed 10 the operations of thu
fppfrty prior to the date OF reorgani
~ ion and should have been cared fol
= ndsr the siNty-two mortgages rep
,ssted under the old company. This
~ was used to offset charges which
iected the other side of the income
rount arN as MIR. Little himself hal
NED In his report in the end, thu
"a lset ~ the income account will b.
~ eufely the same. The items / hav'
N, .nuoned more than cover the alleged
.ntement OF income for the perio'
l1s MT Titles examination by abou
r% Mt. Little states that on th'
" day OF June, 1898, the compan,
(, not have on hand the account o
NJ y SHOWN by the books. ! desire e
- ~ most emphatcally that on tn
,NGE4 y telerred to the company actual!
on hand In cash and cash item
as.t smount stated ia its report on tina
-, i10lEanlEaton committee nfte
4, lslng President Remnants repor
|, ep,ed resolution referring tn
ivy and Relnhart statements to
.,,. ,sse, composed Of r. s. Hayes
r .slll.n OF the general reorranlzatloi
/ ~ A,ln'tesi Robert Fleming, OF tn
l u oh committee. and Mr. LudeI
|. " ,sssSenung Hope & Co Of Amsterdam
d NEUTRALITY-SUSPICIOUS. to report to the ful
~: ishsee what further action shoul
ia Aken in the premises.
Ion 49, members OF the reorganizatlo
i. lsee who desired to Withhold
~ /" names from the public, stated I
Fporter OF the Associated press Ina
h ,hnn opinion OF the commltte
pi.saass President Reinhart had nc
/, iae KY sat,sfpctorily the charge
associated Press reporter sa,
ssi 81 heinhart after the adjourn
ss ~ ,he committee and asked II h
~ ,nlng to say beyond what wa
iii -sai,. ssatement to the committe
NJ r 49, resident Reinhart said.
V n. sard my statement as a con
,,sWer 90 Mr.. Iittle's chare.
WI hspsesent prefer TO say no NOR
n IT. AVA n9nething 10 say at futur
u hliIe WIN BE- glad 10 give 1t TO II
saa throuFt the Medium of n
ated Press " -
~ ssi.s.aore Meyers. chairman ~ ~
:, ItH t,nsr,,. Protective reorga nizatta
has addressed a Letter
vas not The - ~lien ne "a.
Al Z ~ other naa,,., Il. .iVh u nitl