The Kansas herald of freedom., 1858-09-18

Stock held by W. H. Rus
sell, Leavenworth, 1000 l25n
-
Sl7,5OO
as bonus, 100 lots 80
first-class, worth $500, $4,000
from which has been
sold or pledged, Is lots
on prosecutionof work at 5000
Leaving available, 35 best
lots, worth 1000
Besides the 80 not esti-
mated, the Company
also own, or are to have
title for fraction of town
not plated, % acres,
worth at least 800 per
acre, $4,000
Probable value Of real es-
tate bonus left, say 5000
Balance due on stock sub
scriptiOns about, 1900 1850
S35,OO
There has been expended and paid on
the work to this date, about $1,000, hsv.
ing been liquidated prOpOrtiOnably in
stock, lots and cash.)
The stock ofgoods and merchandise in
the bridge store, notes, balances due on
contracts, &C., will fully pay the floating
debt.
No salaries are allowed to officers or di.
rectors, as such. All contracts for prose.
cutting the work, have been rescinded,
and the same is now performed by labor
ers under direction of the engineer and
entirely under the control of the direc.
tors, all of whom reside here.
Length of bridge, $50 feet, spans Of
21O feet each.
The charter extends for twenty-One
years. The period of completion is ex.
tended, by law of 1858, till Soth of Au.
gust, 1859. Charter and organization Of
Company confirmed. Bridge privilege ten
miles. Rock bottom all the way across.
The work is now progressing. The
South abutment is nearly completed, and
stone enough quarried and cut to CON-
mence the two piers.
All necessary logs, timb er and stone
are available to the Company, free Of e1-
pense.
The superstructure is to be one Of Mos
ley's Patent Wrought Iron Bridges, for
which contract exists, and which will
be delivered in thirty days after notice,
upon which there is payable $1,000
This amount can be raised or paid from
or by the bonds of the Company, (after
the abutments and piers arc completed, }
payable from the first tolls.
The entire cost of abutments and
piers will not exceed $4,000
Payable on iron superstructure, 1900
Freight and contingencies Of
grading, 1000
Saving timbers and plank for
flooring, erecting toll house, &c, 1000
Total cost of work, s35NO
ESTIMATE.
LIST year-Average 20
double teams each way,
at so cents, $1,000 per day.
Extra animals, cattle, hors-
es, foot passengers, &c, 800
$25,00
s65 days at $25 per day S9,l2'
Interest at 10 per cent. on
! $4,000, Bridge bonds $4,000
Toll keepers, taxes, re-
pairs, &c, LOO 2,ZW
Balance. $685.
Even allowing for diminuition Of trsv'
ell on Sundays, there would remain aP-
plicable to the payment of the Bridge
bonds, at least $1,000.
End year-The receipts would certain
ly greatly exceed the above estimate, 50
that the debt for superstructure would be
paid off within two years.
Amount yet to raise for
abutments and piers. $4,000
5000
$4,000
There will be available
and collectable from
subscriptions $500
at say 1900
-Sl5OO
Which would leave the whole work ioF
10 years, the property of the pre'em
stockholders, owing only S12,50O of STOCK
The stockholders thus realizing the bene-
fits of the original bonus of $1S,OW ol
real estate, which, on the completion Ol
the work will be greatly increased in value
In the present scarcity of money ana
pecuniary condition of the stockholdeh'
real estate cannot be sold, nor can STOCK
holders generally pay their assessments
II we can secure bonus OF SloV"
cash, Tor $1,000 cash and the rest in s'',
ceries,) the cash payable is to equ'i
monthly instalments, we pledge ourSe1'''
to have the work completed, and the ~
perstructurc up by 1st of February neA1
1859, as we can easily realize the ''''
from our own resources within that Tune
The condition of the Kansas river
now favorable for putting in the fOun''
ton for the two piers, and no time shOui1
be lost in completing that portion oil 'A'
work.
For that loan we viii issue pr9a7",
stock, (second only to the Slz'Wo
bridge bonds,) such stock redeemaOl'
the option of the company, and OeaiDs
interest at copper cent. Or we will '''I,
bonds payable from aHGhe tolls over S.1