The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1901-06-14
COME TO KANSAS
Memphis Frisco Consolidation
Effected in This State.
Avoids Trouble With the Au-
thorities In Missouri.
KANSAS CITY EXCITED.
Trying to Prevent Coalition of
the Two Systems.
Charter For New Road Is Sc
cured in Topeka.

AS a result of the fight that is being
made in Missouri over the consolida-
ton of the Memphis and Frisco railway
systems, the railway magnates have
come to Kansas to carry out their deal
Under a Kansas Charter for a new
road, to be known as the Kansas City,
Fort Scott & Memphis railway COM
pany, they hope TO be able to effect the
consolidation
Kansas City has started fight on
the deal because it means the absorb
ton of a competing line by the Frisco
Kansas City jobbers have always Sc
cured concessions on shipments by pit
ting the agents of the rival roads
against one another. OF the two the
Memphis has always been regarded as
the most friendly to Kansas City They
regard it as a. sure thing that st. Louis
will receive the best of it from the
Frisco.
Hence the Missouri law against the
consolidation of parallel roads has been
called into use. The Memphis and
Frisco are parallel roads across a half
a dozen counties in Missouri south OF
Kansas City, as far as Springfield
This fight sent the attorneys of the
two systems to Kansas to organize a
company that can handle the deal from
here.
L. F. Parker, general solicitor of the
Frisco, and 1. P. Dana, general solicitor
of the Mem pIlis, are in Topeka for this
purpose. They intended to get the
charter yesterday, but on account OF
the absence of two members of the
charter board the application had to be
deferred until this morning.
r. r. Vermillions of Wichita. a local
attorney for the Frisco and Governor
Stanley'S law partner. met the attorneys
here to engineer the work of getting the
big charter. He found the matter was
confronted with a days delay because
Bank Commissioner Albaugh was away
at Dexter and did not get in till evening.
Secretary of State George Clark was at
Junction City. He agreed on being
called by telephone to be on hand TINS
morning.
VermiIlion said it was a new railroad
company that would locate in the state
but would not go into details until after
the charter board had made the formal
grant today.
Under the Kansas law two railroads
may be consolidated if they own or con-
struct a connecting line. The plan now
is to build the new road from Oswego
northeasterly to connect with the
Memphis The new company is capital
lied at $40, 000. 600. This would not be
sufficient to cover the securities of the
consolidated Frisco and Memphis roads
as they now stand. but the new COM
pany can acquire by purchase other
roads" and the contamination of the
whole deal can be effected by increasing
the capital stock later
There must be a headquarters in KAN
sas and Oswego is to get this benefit.
That place is named to get the general
Offices of the new road and it viii give
that town an extra Importance as a rail-
road center.
r. r. Vermillion in discussing the new
railroad called attention to the fact
that the only change made in the name
of the old Memphis corporation IS that
the word Railway is substituted for
railroad" His conversation gave the
impression that the deal of absorbing
the Memphis by the Frisco is off. 1t
probably is for awhile, till the storm
that has arisen in Kansas City blows
itself out.
He was asked where the Frisco ap-
peared in the new concern.
Not at ALL he replied
who is PRESIDENT"
ssWe have not elected officers yet
That will be done in a week or ten
days.
AT the headquarters-Os wego"
ffWill the president be Mr.. Yoakum ~
Il cannot say. / do not know"
Mr.. VermilliOn has, at any rate, given
his proxy for that meeting to Mr.. L. F.
Parker of the Frisco. Vermillion is a
appearance of Frisco men in the stock
holders or Incorporate
CHARTER IS GRANTED.
create a Kansas railroad corporation to
complete the Frisco Memphis deal, was
GODDARD and Bank Commissioner Albaugh,
sitting as a quorum of the charter board,
issued the articles of Incorporation.
IN their application it is set forth that
the name of the Kansas corporation shall
pTis Railway The charter reads.
The purposes for which this corpora
ton is formed are to construct, own,
maintain and operate a standard gauge
steam railroad. and in connection there
with telegraph line extending from
connection with the line Of the railroad of
the St Louis q San Francisco Railroad
company at Oswego. in Labette county,
Kansas. thence
easterly direction to a connection. by way
county, Kansas, with the line of railroad
of the Kansas City. Fort Scott & Mem
In Cherokee county, Kansas
The line of railroad so to be constructed
IT IS also the intention of the com
pany.s' continues the charter. ITO acquire
otherwise and to maintain and operate
the lines of railroad and telegraph lines
phis Railroad company and the line of
the railroad and telegraph line OF the
way company Of oklahoma
From this it is plainly evident that
the requirements Of Kansas laws, the
Kansas railroad concern Just charter .t
given things it will appear that the Mem
phis is buying the Frisco It IS all Frisco
enterprise nevertheless
The directorate of the new q mile road
which will own the big frisco an9
Memphis system in due tlrne-conslsIs q
seven men. They are r. R. NermIlllofs
Wichita: Y. J, Lane, Kansas City, KAN
E NJ. Smith. Kansas City, KAN CorVvln
Fl s. Spencer. St; Louis. James Camp
bell St Louis. William H Thompson. St
IoI1is and Henry S. Priest st. Louis.
William II. Thompson is the president
of a big trust company and said 20 De the
richest man in St Louis. Edgar NJ.
Smith OF Kansas City, KAN was en-
43loyed under State Auditor George F.
cole when that official served his third
term as county clerk of Crawford
None of the fneorporators appear to be
Frisco shareholders Of any moment
William H. Reed of ST. Louis is the
biggest shareholder having 199,945 Of the
10000 OF this fifteen millions n SlOJ
shares is in preferred stock. being the to-
tai preferred issue. and 40 $40 in common
stock. The other s. shares are distributed