The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-06-27
He BRANCHES OUT
w. L. Taylor VIII Enlarge His
Mill.
Taylor Grain Company Gives
&l25,OOO Trust Deed.
FIXES UP BUSINESS.
VIII Spend $4,000 of Money
for improvements.
Mill to Be Run at Fullest
Capacity.

one of the largest trust deeds issued
recently on a local enterprise. was to
day fled in the Office OF register Of
deeds. 1t was given by the Taylor
Grain company to the United States
Trust company of Kansas City, No,
for s125 900. 1t is d very lengthy article
containing Il typewriter pages.
When Mr.. s5lor was interviewed this
morning he said:
Yes, we have filed a deed OF trust. We
have bonded our entire plant for $685.
600, which is a little more than half
what it is worth.
Sometime ago Mr.. Taylor organized
the Curator Milling company of which
W. II. Davis, W. L. Taylor C. E.
French, J. B. Belts, and c. K. Holiday
were directors. He organized this COM
pany for the purpose of leasing ana
operating the new mill running 1t sep
arate from the grain business. After
he had made all necessary arrangements
and got considerable money subscribed,
Adr. T. =. Sweet, who was then trustee
for the bondhOlders, refused to sign the
lease with the Taylor Grain company.
Mr.. Taylor Immediately went to work
to reorganize his company and get his
business on sound financial basis. The
new trust deed provides that the mill
shall be operated to its fullest capacity,
which if necessary is 1000 barrels per
day. 1t also provides for a fire proof
warehouse and other Improvements at
total expenditure of about $40 600 The
new bonds are in $500 denominations,
and are payable in United States gold
coin, bear 6 per cent interest and run
for ten years. The new trust deed pro-
vides for a sinking fund of $4,000 per
year to take care of the depreciation
of the plant, which will keep the bond
holders fully protected. The Outstand-
ing bonds for which Mr. T. 3. Sweet IS
trustee, viii Immediately be retired.
This viii give the Taylor Grain COM
pany some SIS. 000 in actual cash and
also the largest milling and elevator in
dustry in the state.
The Taylor Grain company has in
creased its capital stock from $l0O,OUO
to S150,O00 and viii now absorb the
Curator Milling company, and those
who have paid for their stock can eth
er have new stock issued them or their
money refunded.
MI Taylor, president Of this COM
pany came to Topeka three years ago
last winter. He opened up an Office on
Kansas avenue opposite the pOStOmce,
and did a general grain commission
business. About year later he pur-
chased what was then known as the
Capital elevator, and spent several
thousand dollars in putting it in repair.
He was heavy loser at the time OF
the flood i'm 1903. However. after clean
ing out Is car loads Of mud from his
elevator he resumed business and has
been very prosperous.
Last year he built the new Curator
mill which is conceded by all expert
millers who have visited it, to be the
finest Touring mill in the country
Aside from being industrious and en-
ergetic in his own business, Mr.. Taylor
is very active in Commercial club work.
When Mr. C. K. Holiday was elected
president of the Commercial club. Mr.
TaVlOr was one of his first appoint
Enents. being appointed chairman of the
transportation committee, which is one
OF the most important committees in
the o7ub