Railroads -- United States; Railroads -- United States -- Finance
In September, 1889, accordingly, Messrs. Libby, Abbott, Peabody,
and Baring were appointed a committee to consider the broad question
of financial and general reorganization,[419] and in October a plan
for the complete rehabilitation of the company was brought forward.
The obligations with which the plan had to deal are indicated in the
following table:
_Obligations of the Atchison Company in 1889_
_Principal_ _Interest_
Bonds, guarantee fund notes $160,786,000 $9,203,620.00
Contingent issue of additional bonds 775,000 38,750.00
Car trusts 1,445,660 86,739.60
------------ -------------
$163,006,660 $9,329,109.60
Less interest on bonds and guarantee
fund notes owned by the Company 253,340.00
-------------
$9,075,769.60
Sinking Fund 359,000.00
Taxes 1,221,000.00
Rentals 502,000.00
--------------
$11,157,769.60
Of the bonds outstanding $56,498,000 were direct loans upon the
Atchison’s main lines, bearing anywhere from 4½ to 7 per cent, and
$104,288,000 were bonds upon some of the thirty-two subsidiary
corporations for whose obligations the Atchison was responsible.
Public-domain text, read in full here on John Shaqi.
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