Show TIE SAXTA FE Mr Walker Malccs u Statement ReStrains Re-Strains thc ReceIvership Chicago March 5 Referring to the In ouiries vhlch have been made of late in reference to the relation to the receivership receiver-ship of the Santa Fe Receiver Walker has authorized the following statement Negotiations have for some time been pending in reference to the condition of the Colorado Midland In the pending general gen-eral reorganization plan of the Santa Fe The reorganization committee has Its own views as to the value of the Colorado Midland property while the views entertained enter-tained by the Colorado Midland bondholders bond-holders V r naturally represent a much higher valuation 1 has been the belief or the bondholders that n separate receivership re-ceivership for r few months would result in an increase in the earnIng power beyond be-yond the results shown during the past I year when the properties have been roan I aged by the same receivers especially in view of the improvement now apparent 111 business condition In Colorado On the I other hand the Santa Ie committee claims that the Colorado Midland has done as well as Its situation can permit I and it would be seriously weakened l cut loose from tire AtchlsonSKStfim As the outcome of these decisions It Is advisable that an application for a separate receivership re-ceivership will soon be made te the I Colorado Midland bondholders In connection con-nection with a wit to be brought for the foreclosure of the fist mortgage upon j that road If such an application Is I made the present receivers will not oppose I believing that their position I I should be one of neutrality and the matter can be properly disposed of by the court I as the interests of the various parties may be made clear by them upon thf > I hearing Upon nether a new receiver shall bO appointed i ap-pointed or not It is understood that no Intention exists to sever the legations now existing between the two propertlps hut that the present traffic interchange I with the Stanta Fe would hf maintained at all events The Midland might employ em-ploy separate operating anrt traffic officials I ials and keep Its accounts distinct I I The net earnings of the Santa Fe systems sys-tems all lines for the month of January Janu-ary were 0067 an increase of 532971 from last year The earnIngs of the Atlantic r Pacific Chow a delicit for the month ot 172 which Is however an Improvement of 153651 over January of last year when the deficit de-ficit was 63l2G fr2cf The net earnings of the Colorado Midland Mid-land were 530131 an increase of 121S0 |