The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1859-12-31
missouri correspondeneea.-
Upton No N

M, IIPToE. Mo-, Nov. 96, 1859
The Board of Directors of tbo %
valley and Southern Kansas RAILROAD
been IN session at this place for the last nave
or three days. They appear to be d. Two
mined 10 prosecute the construction of He!
road with vigor, and yet with fnanc;a, .ue'f
dence. and are depending upon the c;t;r psu-
and landholders along the route Tt
mode of obtaining the means to bu;la nelr
follows: Is as
LIST. Money Stock.-Taken by subsc,,
ing any number of shares of SiOO aaoI,
paid In money: q per cent. at tho ~;
OF subscribing. and the residue by ;ns,.I
ments, as ordered by the Board Of n;."A.
ors, when needed for the construction of ~
road. Vi Inc
Cd. Land Stock by Mortgage :.
the usual mode adopted by those res;J;nS
along and near the line of the road-;n ny
manner: you execute your bond to the co.1
pany for any number of shares, payable g.
teen years after date, and secure tho -
ment of this bond by mortgage on real
tate, the value to be agreed upon nv ro,,S
self and an agent of the COMPANY III
mortgage securities will be negotiated amS
money realized on them on yery fair ,o,". uu
arrangements for which have already lbs"
made. A large number of shares in tb;a
class has already been secured and the worI'
is still going on VIVA
The advantage claimed for this class of
stock is, that the stockholders will have ~
money to pay under fifteen wears. (unlss0
he chooses to pay it sooner, by which TIM
the road will have been completed, and the
lands, according to the legitimate effect of
no dc NIL ~
in value.
Sd. Land Stock By Title Bond.--Tb;s "a
the mode generally adopted by non-resi.
dents, owning land on or near the line of the
road. For instance: you own tract of
land in Bates county--the extreme western
county in the State, on the railroad-apd
you are willing to invest portion to aid in
building the road /; you enter into con-
tract with the company, that so soon as the
company is permanently located, and at
least two miles put under contract, and the
work Of grading actually commenced there
on IN the county of Bates, you will make
deed to the company for the land invested.
the price to be agreed upon by yourself and
an agent of the company, and you receive a
certificate of stock for the number of shares
thus taken, both in this and the second class
of stock.
The road DIVORCES from the Pacific rail-
road at Upton, in Moniteau county, No.
runs thence to Versailles, in Morgan coun.
ty; Cole Camp, in Benton county; Gin.
ton, in Henry county; Johnstown and But
Ter, in Bates county, 10 its western termi-
nus on the line between Missouri and Kan
sas, three or four miles south of the Ma
rails des Cygnes river, and sixty-fve miles
south OF Kansas City /; the whole length of
the road being about one hundred and TWEEN
ty-fve miles, and running through coun-
try unsurpassed in agricultural and mineral
resources, and from its formation, peculiar
ly adapted to the construction of a railroad,
at moderate cost per mile. In fact, the
grading, masonry and bridging of the first
division of the road, from Upton to Yer
sailles, is now under contract at a cost not
exceeding $4,000 per mile, and the work is
now progressing rapidly. This division is
considered a fair average of the whole
road.
A sufficient quantity of land has. been
subscribed to justify the company in author
izing the issuing of bonds for a loan of
$780, O0 to be secured by mortgage up
on the deeds and title bonds given by land
holders on the route for stock, and Judge
Army leaves here to-day for the East, with
the bonds and land security, to obtain the
loan for the company.
tits expected that the road will be COM
pleted to Cole Camp, in Benton county,
next summer, and if the subscriptions con-
tinue to be made as they have for the past
month, during the next year, sufficient lands
will be subscribed along the route, to pre-
pare the entire road to the State line
within eighteen months.
The money subscriptions are also daily
increasing the County Court of Morgan
county, few days ago, made a county SUBJ
scription of 100000, which will be follow
ed up by other counties, as the citizens of
the country through which this road is to
pass, feel the importance of thoroughfare
to st. Louis, in order to develop the agri-
cultural and mineral resources of the coun-
try, and give them market for their pro-
| duce.
By request, send you their proceedings
for publication, and would write more fully
in regard to the advantages to be derived by
your city in the construction of this road
h,1f ya1,ok o1oca for IL f,o;a OcLGE