The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1895-06-21
A MOST HANDSOME FEE
Judge j. B. johnson Will Probably
Receive s25. 900
gOR SELLING OF THE SANTA Fl.

Receiver Wilson Highly Popular
With the Powers That Be-1nteresr-
ing santa Fe Gossip.
twenty-five thousand dollars is the
figure generally given as the fee which
Judge ]. B. johnson as master in chan
Gerry will receive for selling the Atchison,
Topeka & Santa Fe railroad
The sale will take place in Topeka, at
the front door to the federal building.
The date has not been determined upon,
and depends entirely on when the re-
organization is completed. AS soon as
the stock assessment is paid, the secur-
tiles are in readiness and the reorganiza-
ton plans have been signed by those IN
terested the sale will be ordered by Judge
Caldwell, and the actual sale will de-
voIve upon J. B. johnson of Topeka as
the master in chancery of the whole
system
A fee of $4,000 for task in which SO
little labor or time is involved might APP
pear exhorbitant at first; but those who
know about such matters say it is not.
In view of the fact that the purchase
price of the road will be anywhere from
$75,0OO,0 900 to $240,O00,00O the fee will
be less than one fftieth of one per cent
Those familiar with railroad matters say
Judge JohnsOn's fee is exceedingly
reasonable-that he could probably get
more were he disposed to demand it
Judge johnson is reported to have
asked one gentleman supposed to know:
what would be a reasonable fee for
selling the Santa Fe?"
81 should say that $4,000 would be a
reasonable charge"
II had thought myself" replied Judge
Johnson, shat twenty five thousand
would be about right" And this is the
way in which the probable fee became
known
There is no reason to doubt that the
reorganization committee will purchase
the road at the figure before given. The
purchasers will probably be represented
by George r Peck, but it is possible that
the bidding may be done by W. (. Gill
lett, the general auditor.
As yet no one has had the temerity to
suggest that any one save those active in
the reorganization have any idea of pur-
chasing the biggest railway on earth.
The financiers at the head of the Santa
Fe know probably every one who would
consider purchasing the plant, or have
the means to do SO and they have heard
of no such reports. It was by this means,
however, that Jay Gould first made his
national reputation as a financier. When
LAO a44OA DA4t9 AeAA al duR00 " bO1l q
railroad and buy it in, realizing
a big profit, Gould, backed by Russell
Sage, secretly arranged to overbid the
Nanderbilts and realized on the schemes
which the others had planned. If this
was anything more than possibility the
Santa Fe directors would be Sweating
blood" But they are not.
The latest Santa Fe gossip indicates
that Receiver Joseph c. Wilson can have
almost anything at the disposal of the
Santa Fe. and his name is most frequent
~ used in connection with the office of
general manager. 1t is said that his SER
vices as receiver have developed talent
which would specially fit him for the
place.
It is said also that General Auditor W.
+. Gillett of Chicago will probably be
the first vice president
Receiver McCook will be retained as
one of the head counsel.