Show THE TRUE INWARDNESS Why a Receiver For the Santa Fe Was Demanded SCHEME TO BEAR STOCKS MJiZV WHO STOOD I EXPECTED TO 3IAICE MONEY The Deal Was Aipped In the Bail however and Those Who Invested Invest-ed In It Lost Heavlls A Very In foresting Railroad Story 1OPEKA Nov 10The true inwardness inward-ness of the recent application and ar > polntment of a receiver for the Atchison To eka Santa Fe railway in the dis trie court of Jefferson has leaked out Since the order of Judge Foster of the federal court was issued restraining the receiver from taking control and remov in the case from the state courts and the publication of the further fact that the alleged law under which the pro cadings were instituted was never passed by the legislature but was printed in the statutes by error virtually I rendering all proceedings void has caused some of those connected with the I case to talk From them it is learned that the suit was from its inception a scheme to bear the stocks and bonds of the company and make a lot cf money for the men who stood in wth the play A few days before the suit was begun in Oskaloosa several bankers of Jerferson county went to ChcHgo and another to St Louis where they are said to have sold heavily of Santa Fe stocks and bonds Partial revival of confidence in th country followed Santa Fe securities se-curities went up and when it was telegraphed tele-graphed broadcast that a receiver had been aujram ii in Kansas tor the rai road there was such a boom all along tlm line that speculators paid no attention atten-tion t th piibl shed rtrciife of the re celvership and the play out here in nss nad no effect whatever insteac of making money the bankers and others who Invested in the scheme lost heavily This is the story of the deal A Kansas City man of financial worth and of undoubted standing in that city declares that a few days before the action ac-tion was brought at Oskaloosa a well known insurance and speculative lawyer of Topeka called on him at Kansas City with a proposition that he go in wlri certain Topeka Oskaloosa and Hol ton men and make 1000000 By the terms of the proposition the Kansas City man was to put up the money to be used in I selling Santa Fe stocks ant bonds but no money was to b invested until the Kansas City capitalist should be convinced beyond doubt that he would be safe Then the Topeka man unfolded un-folded his plan He began by stating the terms of the Kansas alien land act srd since ascertained to have not been passed by the legislature and therefore void and the opportunity it offered for I a Permanent receiver for the railroad i without notice to company He pointed out that a receiver could b appointed for the Santa Fe and persons who should be short its stock or bonds would make big money for the sudden and un exoected receivership would bear them The Kansas City m doubted that a judge could be found in Kansas who would appoint a receiver without not e to the company The Topeka man I pointed out the letter of this law and said that the judge would hold that notice to the company might interfere with the purpose of the suit and on that ground appoint a receiver He suggested that the Kansas City caoltalist should put up the money in the hands of a certain Topeka man yH is known in financial circles to be held until the Kansas City man should be satisfied the money would then be used in sellIng stocks and bonds of the company and after that the suit should be brought and the receiver appointed by the Kansas Cayman Cay-man still refused to go into the scheme and his Topeka visitor left him the Kansas City man hearing no more of the project until it was published that Judge JUvers had appointed 1 rl ever for the railroad The events ince then have been detailed in these djsjatches I is not improbable that the receIvershIp receIver-shIp case may b summarily dsm < sed within a few days by AttorneyGeneral F = wes of Kansas I is known that he does not consider it well founriwl in law and is Cln sympathy with its Dr S I cutlon When questioned by the United Associated Presses representative today ho said I have not yet investfcated the case to my own satisfaction If after thorough investigation I find the case has merits I will prosecute it butt but-t I find the law is no J sufficient If I find the bringing of the i was a great conspiracy to line the pockets of a few men at the expense of tie Santa Fe road and the state then this suit will come to a sudden end |