The Superior times. [volume] (Superior, Wis.) 1870-1912, 1901-12-14
Another
RAILROAD
COII|G.
The New Golf & Manitoba
Railroad, From Superior to
Kansas City to be built.

hdIlSdS C1Ly 70 De DulIJ.
For the past week there has been
, reports that new railroad is soon to
be built from Superior to Kansas City.
The following from Fridays issue of
the Detroit News will be of interest TO
all residents and property owners of
this city.
'For several days past, rumors of a
big railroad deal have been coming to
Joseph 4. Moore, ex cashier of the
Peninsular bank. Mr. Moore at first
was reluctant to discuss the matter,
but finally in substance verified the
reports. He did not care at this time
to give the full details but acknowl-
edged that his recent mission to Eng
land was successful in placing S2l 900,
600 per cent 3O-year gold bonds.
This means that the railroad from
Superior to Kansas City, 700 miles,
will become an actuality. The branch,
from Des Moines to Kansas City, 200
miles, will be constructed at once, the
remainder in the Spring. Mr.. Moore
Is treasurer of the construction COM
pany. The Iowa Loan & Trust com
pany is made trustee under the mort
gage, and the interest on the bonds is
payable at the Chemical National
bank, of New York.
"Associated with Mr.. Moore is San
ford Keeler, ex- president of the Pere
Marquette, and NJ. r. Powers, former
attorney for the Atcheson railroad
system.
This is by far the largest loan ever
floated by a Detroiter, Mr.. Moore,
asked concerning the difficulties of
such financing. said:
There is plenty of money in Eng
land, but British bankers are proven
bially conservative. You may ina
gine splendid arguments are needed
to make them yield their money bags.
In general. British bankers favor our
railroad enterprises more than our in
dustrials.'
''Hon. F. T Campbell, ex- governor
of Iowa, is the leading spirit in the
new enterprise, which is to be known
as the Gulf & Manitoba railroad.
"The head office will be at Des
+ Moines. The road begins at Superior
and rurs southwark through the terri
tory of the Northern Pacific and the
! Great Northern roads, tapping wheat.
corn, coal fields, affording a direct
route to deep water harbors, and also
connecting with the lead and zinc
territory. The G. & NJ. is crossed and
connected with q rival roads, all
bringing more Or less freight.
/ "The physical characteristics of the
country are favorable to railroad
building, the upper half of the right Q :
way being over comparatively level
route with minimum amount of bridg
ing; the southern half is a rolling
prairie, no long span bridges being
necessary. AT Kansas City the Winer
bride is secured for the new line, Civ
ing terminal facilities estimated at
S3,0OO,9O0
"The Kansas CityDes Moines
branch, 200 miles, is estimated to earn
in passenger rates the tlrst year, 5000
900; mail and express, S3S, 900; local
freight, $3.50, 900; through freight, S4OO-
600; total 81 ,Os8 900, or an average of
! So, ,44O per mile 1t will be an air line
sThe distance between Kansas City
and ST. Joseph, by the nearest com
pet itiors, is 62 miles, former roads fol
lowing down the river, but the Gulf
& Manitoba is located on tangent be
! tween the two points, saving I5 miles.
"The estimated cost of constructing
the road, independent OF equi pment,
is 2,667 per mile, figured on IA foot
roadbed for banks and 90 foot roadbed
for cuts, but does not include side
tracks, round houses, shops, turn
tables and coal chutes.
"Mr Moore's connection with this
large enterprise will take him away
from Detroit a large portion CT the
time for the next year or two. He
will, however, retain his Detroit Of
flee, Peninsular bank building.