The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1900-05-11
MONEY FLOWS.
Santa Fe Shop Committee Se-
cures 4 $1,000 Subscriptions.

I'VE, the undersigned, agree to pay
the amounts as set opposite our respec-
tive names to the treasurer of the Com
mercial club, city of Topeka, Kan, to
be paid for the purchase of four or four
and a half acres of ground to be used
by the Atchihon, Topeka & Santa Fe
Railroad company for shop extensions;
said railway company giving a writing
to the Commercial club that they will
proceed at once to erect such buildings
as Indicated by the blue prints furnish
ed said club and explained by General
Manager Nudge to its committee.
Said money to be refunded the SUBJ
scribers hereto pro rata provided the
city of Topeka, after the Kansas legis-
lature shall pass an enabling act, votes
and sells bonds for such purpose.
May, 1901.
This is the form of the subscription
which is being circulated today by the
finance committee on the Santa Fe shop
matter. The committee began work this
morning and by noon it had four sub
scriptions for $1,000 each. Every man
seen had subscribed. These subscrip-
'tions were:
]. Thomas Lumber Co., by J.
Thomas, president ....-..---... 81 900
. . . = . .
crosby brothers ................-... LOCO
E. Wilder Observation-Disclosures. l, 900
1oldl .........- .........----- ..- $4,OOU
The form in which the subscription is
drawn up makes it simply a loan for
one year without interest. The bonds
for the shops will undoubtedly be voted
next spring and the subscriptions will
then all be paid back.
The committee was cordially received
everywhere today, because the business
men and property owners of Topeka re-
alize the Importance of the shop PROPOSE
ton to the city. Every man who owns
even a single lot will be prof1ted by the
coming of the additional shops, because
the value of his property is bound to
increase with the increase of popula-
ton which the new shops will bring to
the city.
Topeka would be comparatively small
were it not for the shops which are now
located here. A large portion of the
city draws its SuStenance from the San
ia Fe shops. The state capitol is com
paratively insignificant from business
point of view, for while the state house
brings so or so people to Topeka per
manently, and two or three hundred for
two months once in two years, the pres
ent Santa Fe shops furnish permanent
employment to 1,600 men and 5000 peo-
pie are directly supported by them
Hundreds of thousands of dollars are
paid out through them every year, and
the business and wealth of the city are
vastly increased by this means. The
shops are such an important factor in
the business life of Topeka that the ma
jority of bills are payable on Santa Fe
pay day.
The new shops will be the cheapest in
vestment which Topeka ever made. The
money for the site for the shops which
must be built at once will be advanced
by the business men and property own
ers, and there is no doubt but what the
city as a whole will, as soon as the op-
portunity is offered, vote bonds to re-
fund these advances and to secure the
site for the balance of the shops
With a total investment of less than
$40, ZOO, on which the interest will be 81
| 800 a year. the city will secure an in
vestment by the Santa Fe company
alone of about $400 600. on which the
taxes will amount to $4,000 a year.
The finance committee which is So
Letting the subscriptions, called on Off
GERS of the leading banks in the city to-
day, and were assured that a meeting
| of the directors of the various banks
would be called the first of the coming
week. and the matter of advancing from
| 81 900 to s., 600 by each bank would be
considered Some of the directors were
also seen, and they promised to advise
their institutions to make the advances
| asked for.