The Butler weekly times. (Butler, Mo.) 1881-1918, 1886-07-28

ject. The right of entrance to the
city is fully secured, and we consider /
that the line is on an equal footing
with roads now completed INTO the !
city. We fave now completed over !
twenty miles of first class road ready /,
for operation The road bed and
bridging have been made durable,
and with view to heavy traffic; the
cross-ties are of white OAK, and the
track Is steel rail, sixty pound ds to the
lIneal ward. The road between
Creve Ceur and Union, 81 miles, IS
under contract, and the 81 miles
between St. LOUIS and Union will
be completed and In operation by
October of tEc present year. We
firmly believe, after careful investi-
CATION and calculation, that the
Kansas City section will earn SIS, 900
per mile, which will be sufficient to
pay a dividend on the share capital.
I he company is authorized under its
charter to issue $50, 900 capital
stock, and this share capital will be
supplemented by bonds represe nting
at their face value $40, 100000, at
6 per cent, secured by deed OF
trust, to constitute first and para
mount lien. Every move made will
be of conservative character, and
the interests of the future of the road
will be carefully guarde d."
"What effect has the Gould oppo.
sitlon had?"
"None whatever. We pay very
little attention to it, further than to
protect our rights.
at has been said that Goul Id woulc
buy out the company it it could no
be stopped otherwise? :"
"That he can not do, because th'
llne is not for sale to MIR. Gould, o.
any one else. Everything done thu
far has been PAID for, and promptly
and that will be the future policy O
the company. But the St. Louis an
, Colorado IS not for sale at any price
1t is worth as much to rs as to an
one else
! "When do you expect to con-
mence running trains?"
t 81 can not say rs 20 the exact dat
now, but can do so after the decisIo
t in the Wabash SUIT is made by Iudg
Brewer, the hearing being set ft
$ July "a. After that we will 500
announce our running arrange
D ments."
Il Mr.. Billings had the following
;. say to Republican reporter in r
IS gard to the matter:
o ''It is not now question of cos
Ie That cuts no figure IN 1t. The S
n Louis. Kansas City and Co.orat
g railway company has undertaken
d, build a railway across the state
c. Missouri, as it has the legal, mo,
Id and commercial right to do. I a
a vanced the company enough cash
give it good start and insure t
ne success of the project, which had
right to do, but l find Jay Gov
IS hinderlng and obstructing us at eve
" point simply because our line "
an be competitor of the Nilsson
IN Pacific and Wabash. He is not or
trying to crush out competition,
at his efforts ia that direction, if S,
ne cessful, would jeopardize if not 81
or my investment in the new road, a
l do not intend that ne shall
ity either. 1t was my first purpose
at advance only enough to complete
is miles, including an entrance to
lat union depot, but | now find that n
,es Gould does not intend that we sh
~, run our trains into St. Louis. w,
Isl. We shall see about that. My f
,p- purpose has been charged, ane
on now propose 10 bu,id the road
try tween Twenty-frst street. St. Lol
nd and Kansas CITY. as fast as mon
ent men and mules can do the work, i
he there is no power save the sire