Mexico weekly ledger., 1895-04-18
Individual Bond Issue.
PLAN OF THE SEDALIA CAPITAL
REMOVAL TO CREATE SEN
TfMENT.
Preparing to Push the Enterprise to
the Uttermost Corners OF the
State by Financial Methods
John j. o'NeiIl on the
Stump.


The Sedalia Capital Moving Com
pany, otherwise known as the Com
monwealth Land and Development
Company, has opened branch office
in this city. 1t will be in charge of
ex- Congressman John J. O'Neill, who
will also take the stump for the pas
sage of the constitutional amendment,
providing for tho removal of the cap
ital, TO be voted on at the next eiec,
tion.
AT present the removal company,
which is an incorporated body, backed
by the Missouri Trust Company, is
preparing to sell for cash bonds ag-
gregating III value $4,000, 900. The
nominal value of each bond will be
$50, but the selling price only SO.
The bonds are secured by mortgage
on 1000 acres of land, surrounding
the proposed site of the new State
Capitol. Ten thousand of these bonds
will be sold in ST. Louis, and others
throughout the State,
Mr.. O'Neill was busy studying a
map of Sedaiia when Il Post Dispatch
reporter called upon him at his office,
506 Olive street.
''The object of selling these bonds" :"
he said, "is to interest St. Louisans
and others in the State in the capital
removal scheme. / am to stir up the
local blood into one of those old time
political fevers, and SO have that
amendment adopted. may as well say
'we' in discussing this matter, for l
have to-day received my official ap-
pointment by the concern. ! have
studied the situation and am confident
of the fairness of the scheme. In
yestors will get $50 for SO invested.
You ask, how can we do this? Very
easily. IF we sell all these bonds, co.
900 in rousad numbers, we make so
many people directly interested IN
the removal of tbs capital. The rea-
son they would become interested is
because they would like 80 see the
Commonwealth Company succeed,
and with the passage of the amend
ment will come the opening up OF
thousands of acres of Sedalia property.
"The bonds will be sold to men
only, and not more than five bonds to
any one person. l don't favor this
part of it. am partial to the weaker
sex and believe if they become inter
ested in it they could succeed in push
ing the whole thing through without
bonds. l am going to arrange it so as
to be able to sell bonds to women who
can give affidavits that they can Sc
cure votes. It's too bad they can't
vote.
GAS to the bonds themselves, they
are secured by the Missouri Trust Co.
Three coupons are attached to each
bond, the first to mature Jan. /, 1896,
the second in July, 1896, and the third
in January, 1897. After September i
the holder of the bonds will be per-
mitted to buy lots for them in Sedalia
on their face value"
]. B. Quigley, owner of the water
works at Sedalia and President of the
Commonwealth Land Co., who has
been in the city the past two days,
had little to say in addition to what
Mr.. O'Neill had already stated.
eve are exchanging profits for in
fiuence," he remarked. "The prop
erty has been bonded for its actual
cost when purchased by us during the
panic. Two or three syndicates have
offered to buy up all of the bonds, but
we have refused to sell to them, be-
ieving it more profitable to make il
the property of the people. We have
large tract of land adjoining the
/ 900 acre tract, which we will place on
the market at the proper time"