The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1867-06-14
THE RAILROAD BOND QUESTION.
The following article from che Burling

on county. Let every voter read ii:
The Company possesses franchises IL
land to the amount of about one million
acres. In EDITION the Cherokee Nation
is under bonds to subscribe one half a
million of dollars to i,s capital stock a
donation to the Company of the proceeds
of the sales of two hundred and fifty
thousand acres Of land is also guaranteed
by the Cherokees. The total value OF
these franchises is somewhere in the
neighborhood of two million dollars, Il
will probably cost not less than Eve mil
hon dollars TO complete and put into sue
cesstul operation the road from Fort Riley
to Fort Smith. The value of the Com
Pany's franchises on that portion of the
route between Fort Riley and the place
where will be the junction with the Leav-
er"orth and Galveston road, is proabiy
not less than one million dollars. 70
construct the road from the junction to
Fort Riley will cost about two million dol
lars. 1t is proposed by the Company to
! attempt the construction of the road be-
tween these points. Propositions have
been received from responsible capitalists
to build this portion providing the coun
ties along the line subscribe one million
dollars in be nds TO the capital stock of
the Company. After duly considering
these propositions at the last meeting Of
the Companay's Directors, il was the
co Inclusion that subscription Of $780,
600, would, IN addition to the land fran
chises, afford sufficient inducement to
capitalists to interest themselves in the
Company who would insure the building
of that portion of the road now under
consideration Thaddeus II. Walker
one Of the Directors, and the heaviest tax
payer in the Neosho Valley, and who has
business connections with many of the
leading capitalists of the East and heavy
railroad men, feels assured that with a
subscription of $500. 900 from the coun
ties interested. the money can readily be
secured to build the road.
Now, what will be the character of this
subscription? 100000 looks like an
astounding sum for such a sparsely settled
county as C.ffey to raise. CO easy,
friends. This will not be donation neither
will we be required to raise the money at
ouce. We propose to have the county,
the came as an individual, take $780,
600 stock in tie Company. Instead OF
Immediately asking money of the county,
we ask of it as soon as ten miles of the
road is completed and the cars are run
ming on it 10 the county, to give the Com.
pany its note payable thirty years from
date. with seven per cent. interest, to the
amount of that proportion of $500. 600
as the distance of the road will traverse
I Il n.
palmer, if the whole distance of the road
in Coffey county will be thirty miles,
whenever ten of it is completed, the
| Company will ask from the countY a note
for one third of $500, 900, which will be
! $3.50, $3.50 When that note is issued
the Company will furnish the county
with certificates of full paid stock 10 the
road the same amount as the note. When
! the mex: ten miles are completed, another
note of a same amount will be demanded,
in reIHrn for which another issue of
] full paid stock of the same amount as the
first will be issued 10 the county from
the Company. And so on with the last
ten mile section. These subscriptions
will entiIle the couEty to its due proper
sion of the regular dividends of the Com
pany. The county enjoys its proportion
of the benefits of the Company's pro-
ceeds from the moment it issues It's first
note or bond. The proposition really
AMOUNTS to this: The county proposes
to borrow $4,000 on thirty years time.
at seven per cent. interest, to invest in a
promising speculation or enterprise. As
suredly the enterprise we propose to en-
gage IN will avail as at least as much as
the interest we shall be compelled to pay 8.
Ere the bonds become due our proportion
of the dividends ought to be enough to
pay US back for all the interest mony we
have paid and to reach q portion of the
] principal.
Suppose that CofeY county had an op,
| portunilY to borrow $500 600 on thirty
years. time; would We hesitate to take il?
/ Could we not take the money and make
1 such investments for the county as would
be profitable to il and the citizens? And
where could we expend the money more
! judiciously than in building s railroad?
We incur no risk in voting to issue
bonds. No bonds are issued nor 10 in
terest accrues until the railroad is built
10 the county and cars running upon it.
These e the main points of the prop
4 osition. Let those Of our citizens who
are unfamiliar with this subject study
carefully these particulars and post their
neighbors. We want the people 10 get
started right ere they get on to the wrong
switch. A correct knowledge of The
proposition viii insure it against defeat
When it is fairly before the people . full
explicit aud authoritative statement o.
the question will be furnished every vo,
ter.
In Prussia it is announced that all th,
places where drugs and medicines are coli
are under the charge of the police. Eve
ry druggists cIek is compelled to serv,
a long apprenticeship and pass sever,
examination before be Is permitted to pa
up prescriptions. And no druggists per
milted to put up pOisons in sufficien
quantity to cause death 90 mere PreseFip
tion; it must be done under the eye OF tn
prescribing physician bimselE
They have girl Of ten years, IN q pFl
vals gy mnasium st Roxbury, Mass, tba
lifts three hundred and seventy pounds
one of thirteen that lifts four huRdEee
{ pounds, and one of fourtssn that lltti
four hundred and sky pounds
| A frVTn nntoa Ala