The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-01-26
LOOKING IT OVER.
RECEIVERS OF THE ATOHIHON ROAD
VISIT WICHITA.
Could Not Inspect the Wichits = Western
Few Statements Intended for the Public
The General Manager Explains Occa-
sional Drouths in " estern Kansas-The
Snow That Falls in That Section 10 All
Piled Up on the Wichita E Western--Are
Pleased With wichita.

Aldace F. Walker and John ]. Nc
Cook, two of the receivers of the Atch-
son and Frisco lines. were at the Santa
Fe depot in their special car yesterday.
They arrived at the depot at IL a. m.
and with the receivers were the new
receiver Of the Wichita and Western
j. H McIntire, General Manager Frye
and Superintendent Nudge and Super
intendent Of the division Hartman.
When asked for news regarding the
Santa Fe, Mr.. Walker passed over a
typewriter statement kept on hand for
the newspapers along the line from
which the information was cleaned
that in the early days of the receiver
ship the receivers were ordered by the
court to keep a separte account of the
earnings and expenses OF the various
branches, paying interest only where
interests was earned. and reporting the
result to the court; that they have done
this and have asked the instructions of
the court as to what course shall be
pursued in respect to the branches on
which the earnings were not sufficient
TO pave the accrued coupons, and as to
what action, if any, should be taken by
the receivers in view of the agreement
Francisco Railway company to pay
rental for the branches equal to the ac-
cruing interest.
AS the interest has not been earned,
and as the st. Louis and San Francisco
is insolvent and unable to pay interest
upon its own consolidated mortgage
bonds, and as the enforcement OF the
guarantee would involve the borrowing
of money by the receivership, it be-
comes a question whether the bond
holders of the branch lines will be con-
tent to wait for their interest pay
mentS pending some reorganization or
the property, as the holders Of the
Frisco bonds are themselves waiting.
or whether they will prefer to take the
management into Their own hands
There is no prospect that the opera
ton of thebranches will be suspended.
and there is no likelihood of any inn
mediate change of management, the
whole subject having been submitted
to the court, which as directed an ex-
animation to be made by the master be-
fore taking up for decision the legal
questions which are apparently Of in
terest only to the security holders.
A separate receivership has been es-
tablished for the Wichita and Western.
This is done under the foreclosure or
the bonds of that branch.
Mr.. J. II. McEntire of ST. Louis has
been appointed receiver, and viii take
possession on the LIST of February. Mr..
Hartman, the Superintendent Of the
southern division of the Atchison, To-
peka and Santa Fe, will continue in
charge of the Wichita and Western as
superintendent for Mr.. McEntire. The
Anthony, Beaumont and Ellsworth
branches of the Frisco road will also
continue to be operated by the Frisco
officials as heretofore.
The magnates all left their car ard
accompanied Superintendent Hartman
to the freight offices where they re-
manned for about an hour.
The car had come in from the south
over the Winfield branch and it was the
intention to inspect the Wichita and
Western but the trains on that road
were stuck in the snow drifts and the
receivers joked Mr.. Hartman about his
road having showed under in Httel
frost like this. General Manager Fry
explained to the receivers the reason
that the western part Of this state had
an ccasional drOuth. The snow that
falls in that section which would furn-
ish moisture if allowed to melt on the
ground he said was gathered UP in
these billiards. and piled up on the
track of the Wichita and Western.
The receivers talked pleasantly with
Mr.. Hartman about the business of the
road in this section and they all seemed
to think that the business of Wichita
made a remarkable good showing con-
Sidering the times