The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-10-03
ATca1soN CIRCULAR.
Directors Assure Shareholders That
Their Interests are Being Looked After.

NEW YORK, Oct. 2-The following cir
cular was sent out this evening by the
directors of the Atchison, Topeka aud
Santa Fe railway company addressed sto
the shareholders of the Atchisou, Topeka
and Santa Fe railway company: Iour
directors, by their circular of September
IA, have requested your proxies for use at
the annual meeting of the shareholders TO
be held in Topeka on the 18th OF October
next. In renewing this request they re-
specially call your attention TO the fol-
lowing facts and considerations:
mo one of the new members of your
present board has had the slightest con-
nection with or responsibility for the
great mistakes and m>fortunes OF the
previous management Of the company's
affairs. a sta emeut has been published
TO the effect the new members are merely
substitutes for the retiring parties.
This statement is an unqualified falsehood,
and at the coming election should proxies
in controlling numbers be sent 10 the pres
ent board, the latter will be still further
strengthened in the interest of the share
holders. The duty of your present board
is TO endeavor to overcome future difilcui-
ties in the way of preserving aud enhanc-
ing the value of he com pany's property.
"The chief of these difficulties now con =
fronting your vi JNtlt SuNSt-cotc
for the coming year, Is not the operation
of the railway system OF the company
for that is exclusively the work of the re-
ceiversl, but the proper representation OF
the share holders in the work of putting
the affairs of the company on sound
financial basis.
"Uuiess this work is done the real value
of your shares eau not be preserved. To
POSTPONE, so long may be practicable,
the sale of the property of the company
under foreclosure, and to bring about the
speedy accept ance by all concerned OF a fair
plan of reorganization, are the most i'm
portant tasks now demanding the atten-
ton of your directors No board or other
agency can do this work successfully unless
it has access to all the important facts aud
all the valuable estimates and opinions:
unless it can tell Clearly what Is fair and
practicable reorganization plan IN the
shareholders interests: unless il has force
enough to present Its Views effectively TO
the many persons and parties ia authority;
unless it command the assent OF the bond
holders to the sacrifices they ought TO
make, and unless it can furnish or cause to
be furnished the financial aid that must be
forthcoming in support OF those Sharehold-
ers who cannot or will not bear their
proper proportions in the unavoidable
burden.
The undersigned are glad to be able tn
assure you that there are at the present
time no ascertained facts bearing upon
the questions pending of which your direc-
tors are not in possession. To what Is al
ready known will be added the results of
the extended aud minute expert examine
ton of the company's account made by
Stephen Little, the thorough inspection of
the physical property of the company by
Robert Moore, and the careful estimates
and opinions of the most competent per-
SONS connected with or familiar with the
company or its affairs and capabilities.
From this simple basis of information will
be determined the attitude of your sboard
toward the problem OF reorganization and
of such information full abstracts will be
furnished to the shareholders. Your di-
rectors will supplement their already
abundant means and experience with every
form of assistance obtainable and no step
will be left untaken that may the better
enable them to act promptly and wisely"
lSigneO EDWARD j. BERwIND,
JAMES .. BLAIR,
WILLIAM BULL,
b. Ii. CHENEY, JR..
THOMAS = FLOWER,
q. :. GLEED,
&. X. HOLIDAY,
SAMUEL C. LAWRENCE,
GEORGE A. NICkERSoN,
l.. ZEVERY,
ALDEN SPEAR
4. X. STURGIs.
Mr. Spear will decline the denomination
and his place will be filled by a representa-
tive of the Amsterdam interests, which
represent 1000 shares of the stock.