The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1904-03-26
Ambitious
Yet Feasible Railroad
Project in w hich
Guthrie Figures

Some of the representative men OF
this city. who are looking out for Guth-
rie's railroad interests, have received
word from an unexpected source that
Guthrie has a chance for another road
This time the Information is from the
distant city of Pensacola It is claim
ed that the road will surely be built
. nd that great interest along The line
) already shown.
it is claimed thai the Mississippi
Louisiana and Texas Railroad com
pany is chartered to build railroad
from the Gulf df Mexico at or near the
city Of Mobile, Ala. thence across the
state Of Mississippi, crossing the Mis-
sissippi at or near the city of Natchez
Miss, thence across the state of Louis
iana at or near the city of Shreveport
La. thence through the state of Ar
kansas at or near the city of Texar-
kama, Ark, thence through the Indian
territory az or near South McAlester.
j. r., thence through Oklahoma terri
tory 30 Guthrie, at which point direct
connection will be made with the Den
yer, Enid & Gulf railroad, now build
ing from Guthrie. which will extend
through Woodward and Beaver coun-
ties to Denver, so that through service
will be secured from Pensacola, Fla.
10 Denver. Colo, by the completion OF
this great system.
"The Mississippi Louisiana and
Texas railroad said President Rit-
chic. will pass through 1860 miles of
the best timber and farming country in
the United States. and the earnings
Of the road will be enormous. 1t is
hard to find railroad now in opera
tion whose earning power will com
pare with IL when 1t is completed.
The capital stock. $31 800 900, is di-
vlded into S15,75O,O0O of per cent
non-cumulative preferred stock and
S15.750. 900 of common stock There
are s3l, 100000 of so year Az per cent
gold sinking fund first NOR gage
bonds. dated July 1. 1904. due July /,
1854. interest payable January and
July | OF each year at the Office of the
company in New York city. The mort
gage covers I.050 miles cf railroad and
bonds are issued at the rate OF 100000
per mile as the road is completed. The
mortgage covers right Of way, road
bed and all terminals and shops Of the
company
The company has adopted new
and very satisfactory plan for the sale
OF their frs mortgage gold per cent
sinking fund bonds, viz: To get citi-
zens la she cities, towns and territory
through which the railroad will be con
structed 10 buy a certain amount OF
the bonds, this amount depending upon
the size OF the place. etc. a. net
price of $500 for each $1,000 bond A
deposit of 10 per cent of the purchase
price to be made with one OF the de
pository banks Of the Mississippi,
Louisiana and Texas Railroad com
pany until the road is actually under
construction in the county where The
subscription rs made. These bonds
are all gilt edged investments and can
be sold by the investor when the road
Is completed at large advance over
the purchase price TO them. This Sc
cures the railroad for the ci les an
towns along the route. without the
payment OF any cash bonus. an
that is required ia the free right OF
way through each county and the nee
essary terminal facilities in addition
20 The purchase of the bonds. as before
stated"