The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1881-01-14
sANrA &c snHEMRs

The following circular has just been
issued from the Bosioa Office Of the
Aicbison Topeka and Santa Fe railroad ::
In Few weeks we SHALL probably have
reached FiOFiday Pass anu made con-
leeliOn with the Southern Pacific. This
viii Increase our business 10y giving us
part OF the through travel aud freight tD
and from California, and we anticipate. a
demand from tlIe mining region of Ari-
zlna for coal and coke tor mining ma
terials, food, aud forage We think,
therefore, that that portion OF our road
extending from Albuquerque down 10
the southern part Of New Mexico which
has not been able Ia earn anything be-
cause not completed will furnish It's
share OF receipts. The crops OF Kansas
are looking better than they have
done for two years, and hope
10 see our transportation increased
ia the state. But the road is not in snit-
able condition 10 do the large business
which has already come upon II. Our
earnings for the past two years. amount
ing 10 about $500, GOO, have been scri-
of our track and the want of suitable
rolling stock aud our best customers and
friends on the Hue IN Kansas and New
Mexico have not received the accommo
datiOns which we would have gladly
given them III we had been able 10 do so.
The road has not been sufficiently bal
lasted, and large part of Il Was land
with light iron, which is giving way
rapidly both ia Kansas aad Colorado.
La the latter state we are in perpetual
danger from cattle stFaying on eur track,
and d great deal Of expensive fencing will
have To be done before we can run
at fun speed We require At the pres
rni time 81. 1000 tons Of steel and 800
600 eross-ties 10 lay down rs rapidly
as possible. The mAchine.shops al To-
peka are altogether insufficient, and we
are without the necessary shops 10 re-
pair tue re!ling-stock, both in Colorado
and in New Mexico. Ia or near Kansas
City We shall require at least 100
acres 10 make exchanges Of cars, 20 nuke
the necessary round house, cual-ehules,
etc The renewal of bridges, which
should bc dome a; once, wiil require
sOmc $4,000, and the water service
not less than $4,000. Al Topeka
we onght 10 erect HE necessary buiid-
ings for The business of the company.
Passenger dePo.s should be put up at
Lawrenee and Emp1ria, and round
houses should be either enlarged or
built at Atchisnn, Enporia. Florence,
Newton, Nlckerson, Dodge City, Sar
gent. and several places in Colorado and
New Mexico In the matter OF rolling
stock alone We require engines aud
cars which will cost ia the neigh boFhond
81 So 50OU0O. Besidrs all this some for
~ miles Of side track should be laid at
once. In short. although the road has
been II successful one, and the bnsincss
has increased - much as the stOckhold-
ers cnuld hope, vast sums of money
a. ~.
work economically and probably. The
directors. after giving the whole matter
Il careful consideration have deci'ied
thai SG0O0.GO0 should be spent On The
To1d, aud they consider il much more
conservative Ia issue stock and sell il at
par 10 the Stockholders than To load
down the ruad with II heavy debt, In the
shape nf bonds. They. therefore, have
decided la issue one share in four of new
slo'k. which will he used as explained
above, for construction and rolling stock.
The company offers 10 stock holders OF
record al tie close of business February
I, 1881, nj par, a number of shares equal
tooneiourih the amount standing 10 their
credit on the books of the company.
The shares will he entered TO the credit
OF each stakeholder on the day of sub
scription, aud will he in every respect
|. equal To The old shares, except that the
cash dividends 10 be declared by the di-
rectors oul of the earnings of the road
shall only be paid on the shares that
have been issued. The subscription
will be payable in tour equal in
! stallmenis- March 1, June /.
September 1, December 1,--when
shares will he issued for every hundred
/ dollars of inslallmenis paid under each
1 assessment; but no share will tie issued
on any prepayment of assessment not
due. Prepaymenis of different assess
ments will be received. interest being al.
| lowed by the company At the rate of five
per cent. upsto the diise Nvhep tise assess
ment becomes payable. Receipts will
he given on account of partial payments
Fractional or other'rights can be assign
ed in form which may be obtained Al
the Office. Any shares not taken on tht
LIST of February will be subject 10 til,
disposition of the board.
T. JEFFERSON CooLfDaE, President.