Kansas City daily journal., 1895-07-18
BEHIND IN ITS INTEREST,
FORECLOSURE AND SALE OF THE AT
LANTIC FACIfiC ASKED.
biil Filed In New Mexico by tho United
states Trust Company Handled as
Fart OF the santa Fe
system

Chicago, III, July IA bill was fied
N tho Office ot the clerk Of the United
states court to-day In Albuquerque, n. Nj.
hv the United states Trust Company, trus-
tee under the first mortgage oI the Atlantic
Pacific, asking for foreclosure and sale
of the property. no interest having been
paid on the FIRST mortgage since the road
went into the hands OF receivers IN jan
! nary 1894. II is Understood by the Atchi-
con people. from the Ming Of the bill. that
the reorganization committee, which rep
resented the interests Of tho first mortgage
: bondholders. contemplates at an early day
separate recelvershp. 1t is UNDER
stood however. that the Atlantic & Pa
cific committee does not desire to break
, away from the Atchson system but thinks
that It's interests can be better looked
after by a separate receiver. while Mt the
same time maintaining all existing traflic
relations. Should such a motion be made.
it is not certain what position VIII he taken
by the Mchison interests, but they viii
presumably object very seriously to such
a change being made in the management
of tho property.
What Is commonly called the Atlantic G
Pacific railroad extends from Albuquerque.
in New Mexico. through Arizona, TO Mo-
I jave, in California, a distance of SIS miles.
y The road owned by the Atlantic & Pa
, cific. however, extends from the Rio
Grande thirteen miles west OF Albuquerque,
to the Columbia river which Is the east
ern boundary OF the state Oh IhilOIuidt
distance OF hsS miles.
The road was built in the interest Of tho
Atchison 6 st. Louis and San Francisco
roads for the purpose of afrording those
lines transcontnental route. and it has
, heretofore been handled as part OF the
Of the Atlantic & Pacific are Aldace +.
Walker J. McCook and Joseph G. Wilson,
St Louis and San Francisco companies.
The receivershin was estabIished IN SUIT
trustees under the second mortgage The
bonds procured by the mortgage, as vel
Of the He Asno ras s are SoGs aaa}s Of S'?s hs
Atchlson and Frisco receivershIps The
the first mortgage has been made party
to the suit in which the receivers were
Re Of aor bonds 0T6nq weR tGs
stated, together with the, valuable, land
ssonlpli9ated by the fact that the Atlantic
PaSe rHs ns fr9 m the Nssas vest of the
Barstow, where It connects With the South.
ern SaifSrnia and to Moj9pye; p,a" where fs nj, IT
owned by the Atlantic & Pacific but is
PSdiea spd tsa fnar ro the seTsrs made
when the road was constructed
Call for n Meeting Issued.
Chairman Caldwell, of the Western Lines
for SSe' meeting Of the i trans ans Missouri lines
to be 6 held d in II this city July 70 The meet meet
Ing WY W be as hf f2F @ hs he
tablishment Of a passenger agreement west
trouble which the Western lines have ex-
perIeneed in forming passenger, r., agree
and II this his meeting manages 1. 3 ! to presen,,
eral meeting of all the lines which is to
follow cannot put the association on its
The meeting OF the Western lines called
for to-day, TO hear the reports on the
number of Christon Endeavor tickets sold |
by enIh line as ~ means OF the
be caused by the tickets adjourned after
short session. a number of the lines
more time. which was granted. So far
there appears to be no ground for appre- |
The her Presidents AGREEMENT for the main
which was practically dictated by j. p |
the knees. Charges of rate cutting are
made on all sides; and most OF, them are
fol ded on fact Tomorrow Is the day set !
for the presidents agreement 10 become |
operative In full force. but contracts have |
IN made within the last few days which |
yolve tonnage which cannot be handled |
Afore the end of the month. 1t will go |
hard with the road which, ,,, after after tomorrow.
is understood that Mr. Morgan has an
nounCed. but 1t is sure thing that two |
or more roads out of Chicago Will take |
At the meeting of the Southwestern Traf-
nc Association today the G,ommittee on |
Fort Smith road in Texas was established. |
1t was agreed that the inspectors OF the |
reau may accept the public wegher's |
weights. The present established tariff of |
the southern Pacific between New orleans, |
Beaumont and orange, Ten, We're author
iZed. The present authorized rates on cot
ton factory products from Atlanta, Ga, 10
Texas points were authorized from all in