The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-03-06
WANT TO GET AWAY
COLORADO MIDLAND BONDHOLDERS
ABE DISSATISFIED. ssaA
In View of the Improvement in Business
Conditions in their Territory They Have
Desired Separate ReceivershiP In
Order to Increase the Roads Earning
Power--No Intention to Sever Existing
Traffic Relations--It is Admitted That a
System of Separate Operating Officials
and Accounts Might be Advantageous.


Chicago, March 5.-Referring to the in
quiries which have been made Of late
in reference to the relation of the Colo
RADIO Midland receivership TO that of
the Atchison, Topeka and Santa Fe,
Receiver Walker has authorized the fol-
lowing statement:
Negotiations have for some time
been pending in reference to the con-
dition of the Colorado Midland in the
pending general reorganization plan
of the Atchison system. The reorgani-
cation committee has its own views as
to the value of the Colorado Midland
property, while the views entertained
by the Colorado Midland bondholders
very naturally represent much higher
valuation. 1t has been the belief OF the
bondholders that separate receiver
ship for few months would result in
an increase in earning power beyond
the result shown during the past year,
when the properties have been managed
by the same receivers, especially in
viw of the improvement now apparent
| in bushes conditions in Colorado. On
the other hand, the Atchison committee
claims that the Colorado Midland has
been doing as well as its situation can
in any event, permit and that 1t would
be seriously weakened If cut loose from
the AtchiSon system. AS the outcome
of these decisions, it is probable that
an application for a separate receiver
ship will soon be made by the Colorado
Midland bondholderS in connection
with a suit to be brought for the fore
closure of the first mortgage upon that
road. If such an application Is made,
the present receivers will not oppose,
believing that their position should be
one of neutrality and the matter can
be properly disposed of by the court as
the interests of the various parties may
be made clear upon the hearing.
SEPARATE ACCOUNTS.
Whether a new receiver shall be ap-
pointed or not it is understood that no
intention exists to sever the intimate
relations now existing between the two
properties, but that the present traffic
interchanges with the Atchison would
be maintained at all events. The Colo
RADIO Midland might employ separate
operating and traffic officials and keep
its accounts distinct. While such "a
separation would enable the Colorado
Midland to be worked as an Independ-
ent line, nevertheless, it would not in
volve any change in the handling OF
through or local business, or which
would in any appreciate way affect
the interests of the public. On the 9TH
err hand, if it should be decided that the
present receivers are TO retain their
management of the Colorado Midland
sepJpd oUl 40 luSnoul ST u 'AlI9doLd
representing the general mortgage of
the Atchison that its operation can in
that way be more advantageouslya and
economically carried on"
The general meeting OF the Western
Do Ia al
journed today, having accomplished
nothing. The committee having in
charge the formation of the Sub-com-
mittees submitted a report, exactly as
described yesterday. No formal action
was taken on it, however.
A meeting of the general managers
of the western lines was also held to-
day to see if more stability could not
be put into western freight rates. The
meeting passed resolution providing
that each general manager should in
struct his general freight agent to
maintain rates strictly, and adjourned
without taking further action.
RAILWAY EARNINGS.
The net earnings of the Colorado
TEN (all lines) for the month of jan
uary We're 500 $50, an increase of SS2,-
S74 from last year.
The net earnings of the St. Lauis
and San Francisco lines We're Sl6l,S1I
an increase of 81, 12l.
The earnings of the Atlantic and
Pacific show deficit for the month of
S172, which is, however, an improve
ment of 500, 654 over January of last
year when the deficit was $63,S26.
The net earnings of the Colorado
Midland were sSO,141, an increase of
S131, $50.
The net earnings of the Atchison sys-
tenn proper, excluding the lines repre-
scented above. were S512,110, a decrease
of s., 951.
For the seven months from July !,
1894, to January 81, 1895, the net earn
ings of the Atchison system tall lines)
was So, 66I ,34S, a decrease from the cor
responding period of the previous fiscal
year of S2,054, 642.
The net earnings of the st. Louis and
San Francisco were $l.6S7, 233. an in
crease of $133,4l0.
The net earnings of the Atchison sys-
Pacific were $303.3s4. an increase Of
$249, 707.
The net earnings of the Colorado
Midland were $1i9,955, an increase Of
1855.
The net earnings of the Atchison sys-