The Kanzas news., 1859-06-18
WHOLE No. 81.


TO donate portion of their lands, as they
construct the road. It is evident that ii
viii be to their interest. Some have already
made the proposition. in case the govern
ment viii not do fer US what it has done for
other new States and Territories.
The delegates from the railroads in South
eTn Kansas who were in Washington city
last winter, insisted that the grants should
be given to the Territory or future State of
Kansas. 1t was the policy of the represen-
tatives of this company, Messrs. Wattles
and Army, to place the lands at the DISPOSE
ton of the Legislature, intending that when
the grant was obtained. to ask for the lands
10 construct our road, and propose that our
company would pay an annual bonus on the
profits of tie road to the Territory or State
of Kansas, which, if done by each road in
the Territory, would furnish State fund
probably sufficient to defray the expenses
of our State government, the erection of
public buildings, or the support of educa-
tional and other benevolent institutions OF
the future State of Kansas.
By the report of the Treasurer it will be
seen that $3.o46 have been received upon
the assessment of ,O33 shares of stock,
and that s4.950 Os have been paid for sur
veys and other expenses, leaving the COM
pany in debt to w. F. NJ. Army the sum of
$1,olo 04, and to John o. Wattles the sum
of 1898 SO, advanced by them for neces-
sary expenditures. 1t will be observed that
no compensation has been charged by the
officers for their services. they only charg-
ing the actual money paid out for travelling
expenses, dc. The amount of indebted
ness could have been liquidated by sale of
stock had not the company at the last meet
ing limited the number of shares to be sold
We would further say that stock could have
been sold in New York sufficient to meet
the present demands of the company. One
individual proposed to take 500 shares. 1t
is question for this company to decide
whether they will authorize the sale of
stock, or make an additional assessment,
to pay the debt of the company, and to pro-
ceed to locate the road and place portion
or all of it under contract.
The work to be done is light, in compar-
ison with that of other roads, and with
ready means could all be constructed in
eighteen months or two years. 1t is be-
lieved that as soon as it can be determined
UhOInOI VIC W III IcCOif0 OI OF
will have to depend upon the donations
from landholders, and receive deeds or
mortgages from them, that on bonds secur-
ed by those deeds or mortgages the money
can be obtained to commence the work in
Kansas. In the mean time the Missouri
company will progress with their end of
the road. But until a title can be obtained
in Kansas to lands. we do not think it pru-
dent to attempt to press the work beyond
the expenditure of the money collected on
the subscriptions of stock, believing it bet
ter to GO slowly than to involve the compa-
ny and thus embarrass or destroy our credit.
The accompanying reports of the Treas
urer and Engineers. with the plats of sur
veys, de-, will give all the information re-
quireG as to the condition of the finances
and the proposed routes of the, road &C.,
to which you are respectfully referred. In
behalf of Che Board of Directors,
w. F. Nj. ARMY,
Pres't J. C. d N. V. R. R. Co.