White Cloud Kansas chief. [volume] (White Cloud, Kan.) 1857-1872, 1869-03-25

l04, 900 Acres Kansas Lands 5000, 900
st. Joseph Bonds 315, 1000
Douiphan County Bonds 100000
Brown l00, 900
Nemaha 100000
Marshall $4,000
Washington $4,000
Value of Road Completed 280, ,009
Value of Rolling Stock $4,000
Total sI,53O,OOO
Liabilities I0OO 900
Excess of Assets over Liabilities $1,430,000
In addition to the above may be added $780,.
900 Brown County bonds, which will, beyond
doubt, be voted for on the 9Th of April next.
What we asserted was, that the Com
pany had not the means to build any
more road-we said nothing about what
it would have. if the road were built
through to the Pacific. But the Union
launches ont column Of figures. as as.
sets. all of which are tied down with an
if Now, let us scratch out the if part,
and see what there is left to build the
road with:
The 100000 acres of Kansas lands
are the subject of suit in the Supreme
Court. to test the cous;itutionality Of the
law giving them to the roai, with q pos.
sibility of their being withdrawn. But
| if the Company retains them. they are
the remnant Of all the State lands, after
the other roads have had their pick. and
are probably worth 80 cents per acre.
Even then. they lie in remote quarters.
cud will not be salssble for soma years
to come; therefore, they amount to moth
ing in building railroad. Sponge out
100000.
St. Joseph City Bonds have already
been issued to the Road in advance o.
what it was entitled to, and no more can
be had until other conditions are COM
piled with; and are worth precious little.
OF that. Take off the $4,000 already
issued to the Road. and out goes another
little amount of 100000.
OF Doniphan County Bonds. $50, 900
have been issued; and as the Company
can get no moro until an additional
amount Of road is huilt, they cannot be
used to bpild the road. Out goes $780,
900.
Brown County is about to vote on
bonds, to be used in grading the road
through the County; but as they cannot
be touched until the road reaches the
Comfy, and extends FIVE miles into the
County. they are not come.atabls assets.
even allowing the Unions counting of
chickens before they are Matched. Thst
extra s5O.00O spoken Of, is oil in the
Unions eye, as there is no such omount
to be voted Oh. Swab out Sl50,000.
The Denver Company and Bob Stew.
art are stufing the people of Nebraska
with the pretense that they mean to run
the road from Brown County into Ne
braska. and up the Nemaha Valley.
They DO not pretend that they will touch
Nemaha County. yet here is s100, 900 OF
Nsmaha County bonds set down as as.
sets to aid in building the road. Rub
out 100000 more.
Washington County, $4,000. and
Marshal County. $4,000. are farther
distant. as regards tho Denver Road,
than the day of Judgment, and so out
goes $3.50. 900 more.
Value of road completed, $3.50, 900,
and value of rolling stock. s25, ,OO0-|
nobody will pretend that this is av ailable
means for building additional rosd. So
out goes s3O5. 900 moro.
Here. then. Of this imposing column Of
assets. We find that the actual figure is
$4,000 Of St. Joeeph bonds. and $780,
600 of Douipban County bonds-total,
l55. 900. Admitting that they will bring
Is cents on the dollar. wich is big es-
innate. the amount realized would be
Sl16. $50. which is the amount within
reach. with which to pay an Indebtedness
of 100000 on the road. some SIS, 900
for depots and other buildings. paying
engineering expenses. etc. These bonds
have gone to pay for iron already used
on the road. This is exactly the condi.
tiOn of the Company. and all the present
wind work is for the purpose of inducing
outside capitalists to take hold and build
the road. Monied men of St. Joseph
understand the situation. and will not ad-
rance . dollar. That, the st. Joseph
Herald admits and laments over.
The m after of the Denver Road turn
NO aside and runnipp bv wsy of Whife