The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1899-07-19

Preferred stock ..-.-......- "a, 40-.s.5z-9 e
Adjustment bonds .-....-.. 25.zl ( -ovu-ge
General mortgage 4s.-.-.-- 30, 500,oo--ou
Total ..-..................S1 I4 s97, 4s5.o 90
The foregoing table is the record OF
the Atchison, Topeka & Santa F'e Rail
way company in the three short years
from July 1, 1886, to July l. 1888 In al
the history of raiIroading there Is, PROB
ably, no story approaching this marvel
Gus evidence of prosperity.
Many an enterprise has proved sue
cessful Many a reorganization plan
has realized the hopes of its promoters
Many a security has leaped from a
lingering da1Iiance with the foot OF the
column to a brief and feverish demand
But never before in the history OF IN
dustriaI operations has group OF men
taken so gigantic a property, 50 nope
lessIy involved, and in so brief tlI1V
achieved so stupendOus a progress.
GROWTH OF THE SYSTEM
The story Of the old AtchisOn road
reads like a romance 1t vas pesuH
more than forty years ago in what was
then the most doubtful and uncertain
OF territories. It's original promoters
hoped for no more than a line from
AtchisOn on the Missouri river 10 TO
Deka a city that might or might not
be in future the capital Of grievousIy
troubled territory II extends today
from Chicago to the PACING ocean, from
Denver TO the Gulf OF Mexico
It's most ardent friends then hoped
It night have a line forty miles long:
It extends today over z Jos miles OF
country dominating the productive
regions of the west. and connecting the
great distributing points on lakes ocean
and gulf. This is q wonderful story
RISE IN STOCK QUOTATIONS.
The last three years is not alone
record of improved physical condition
of new ties treated with chemicals
which Will insure their long resistance
of decay: of new and heavy rails sub
srftuted over the whole of that stu
pendous mileage of Improvements IN
rolling stock and equipment but it IS
the magical story OF an unparalleled
financial success
July 1, 1896, the common stock of the
company was Quoted-nOt selGng-at
131s- July l, 1899, it was in active de
mand at 20 Is That was in increase
of 69s per cent
July J. 1886. preferred stock had a
value Of 201s. Three years later to q
day its closing price was quoted at 6l1a-
That was an increase of 4l@s per cent
July ]. 1895. the general had d value
Of r. July I. 1883 il was worth 1O2 p
That was an increase of 231a per cent
FAITHFUL HACKERS REWARDED.
July /. 1896. the adjustment bonds
were worth about 40 Three years later
10 the day, they Wera active at san
increase of 45 per cent.
And the total of that appreciation in
value was the splendid sum Of STA
s37.495
sun. it is hardly fair to say that
those securities were IN 1896 worth no
more than the price quoted The fig
ures were available and investors might
have learned that. even if the AtChisOn
under the reorganization which took
effect January l. 1895. did no better
than it had in the past. its securities
were bound to be worth more than the
figure at which they We're quoted. BY
the reorganization the company was re
lieved Of a load that would have crush
I'd the richest enterprise in the country.
1t was bound TO do better than it had
done And the men and women who
held on who loyalty followed the man
agement in the reorganization. and
gave a moral as well as a financial sup
port 70 the officers, have reaped a rich
reward And they deserve it
SUCCESS OF THE REORGANIZA-
TON.
A saving Of more than $1,000. 600
year in fixed charges. which was Sc
cured by the reorganization plan will
make q difference in the prospects Of
the whole property. It is one of the
most drastic organizations the rail-
road world has ever known But the
wonderful success that has attended
the mana cement the aDpreCia ton of
the securities, the Improvement OF the
property the increase of business done
and in business prepared for-au these
establish the sound wisdom of the
plan and the success OF the reorganiza-
ton
What difference" said a shrewd rail-
road man, whether you pay a man
who who can accomplish such results
$4,000 year or 500 900 a year2 His
services are simply beyond all POSSIBLE
1ty Of COmpensa ton
The details of this railroads wonder
full history are well worth reading. It
should be remembered that at present
the ALchiSOn has almost cOmpleted its
own line to the Pacific. It's western
terminus, SO far as the trains them
selves are concerned is Point Rich
mond. just north Of Oakland. opposite
San Francisco, on the bay 1t IS pre-
pared with its various lines. to handle
the business of new and growing Okla
hona and Indian Territory It's lines
run through the heavily wooded regions
Of eastern Texas 1t easily dominates
al that region now arid. soon to bios
som under irrigation. in New Mexico.
Arizona and southern California
BRILLIANT FUTURE PREDICTED.
There is untold wealth Of coal and Of
iron and OF timber and of precious
metals on its lines It is prosperous
today No man can estimate the spIeu-
dor of its future.
IN STATE OF INSOLVENCY.
On October Is, 1889. the Atchis0n com
pany found itself practically in a condi-
ton OF insolvency. Its earnings were
insufficient to meet its interest and some
mat time the -Atchison company itself
operated a system Of railways. the i'm
pcrtant terminals OF which were Chica-
60. 81 Louis. AtchisOn. Leavenworth
81 Joseph, Kansas City. Denver, Pueb-
40, canon City. Deming and FL Paso.
ana II owned the whole or a large por-
ton OF the capital stock OF the COM
panles whose terminals were at Calves
sons Los Angeles and san Diego. It also