The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-07-23
RAILROAD NEWS.
Union Pacific Files Mortgage
for $2O0, 600, 600.
Is the Largest Ever Recorded
in Marshall County.
FOR KANSASPROPERTY
Work on T. & N. w. Branch to
Be Completed Soon.
other Items of Interest in
Railway Circles.

Marysville, Kan, July 23-The
largest railroad mortgage ever record
ed in Marshall county was this week
filed with Register of Deeds Herb.
Haylor at his Office in this city. 1t
amounts to $500 ,OOO, 900.
This mortgage is given by the Union
PACING Railroad company to the Equit-
able Trust company of New York as
nrst lien and refunding mortgage to
secure first lien refunding mortgage
OF four per cent bonds The instru-
ment is dated June 1, 1908, and draws
interest semiannually, the same being
payable on March LIST and September
LIST.
The mortgage is payable in gold coin
OF the United States of America of or
equal to the present standard of
extend until the year 200S The pay
ments are to be made at the Office of
the railroad company in the city of
New Yo-k.
One of the stipulations of the instru-
ment is that none of the coupons are to
be redeemed at a date prior to Sep
TENDER, 1918, at less than 1071z per cent
of the face value and accrued interest
thereon.
This issue of $4,000 900 mortgage
coupon bonds is to secure an oulstand-
ing Indebtedness of $50 0OO, 900; 800 OOO
900 are reserved for the purpose of re-
funding first mortgage railroad and
land grant four per cent gold bonds of
the Union Pacific Railroad company
maturing July 1, 1917: $50. 900 900 for the
construction and acquisition of other
railroad properties. for additions, bet
terments and improvements.
The coupons are drawn up in
amounts Of $500 and $1,000.
This instrument which was filed for
record with Mr.. Haylor is in book form
and embraces eighty-five pages of legal
brief size. 1t will require almost a
week to transcribe it and it will cover
fully forty pages of the record book
There are forty-six counties in seven
states in which this mortgage is to be
recorded and the total cost of this work
will foot w to between $1,400 and
$500.
The lines of railroad owned, operated
and controlled by this company which
are embraced in this mortgage are as
follows: Nineteen lines aggregatine
1.17sos miles together with all their
Nebraska, Colorado. Wyoming and
Kansas and thirteen lines with a total
mileage of 2.090.10 in the states OF
Iowa. Nebraska, Colorado. Wyoming
Utah. Missouri and Kansas including
all rolling stock, equipments. yards and
OF this instrument the one part, that
of the $50 900, 900 for. the construction
and acquisition of other railroad prop
erty. is of more than common interest
to Marshall county people.
At a meeting of the stockholders OF
the Union Pacific railroad held in Salt
Lake City. Utah, in the fore part OF
May 1t was voted to issue 500 900, OOO
bonds for the Improvement of the sys-
tenn and the purchase of other roads.
The roads to be purchased are the
Kansas & Western or more commonly
known as the L. K. & W., and the
Topeka & Northwestern or Topeka
Marysville cutoff. The purchase price
was $50, 000, 900 and this amount is COW
cred in the present mortgage.
1t has long been contended here that
the T. & N w. railroad would event
ually be built and though detained in
completion by the financial furry OF
the past summer and other improve
ments of the road which they evident
" deemed of greater Importance than
this branch yet with the filing of this
mortgage the people of Marshall county
now look forward to the early COM
pletion of the cutoff and the estab-
lishment of a coast to coast line which
has long been the object of the Harrl-
man interests
plished cannot definitely be told. The
railroads themselves are not able to set
any definite date.
Work on this end of the T. & N. W.
is at a standstill. c. w. HUNDRED who
had the contract for the widening and
deepening of the ditch connecting Cot
tonwood creek with Spring creek along
the right of way of the road last week
finished his job and together with J.
E. Harbert who had the contract Tor
the stripping of the ballast plant west
of this city with their outfits have
shipped to Blue Rapids, fourteen miles
south of here, to fill in number OF
the washouts along the route of the
Union Pacific railroad. When this
work is completed there are several
pieces of construction work in view in
Nebraska along the route of this road
which when done will free these and
other outfits to rush the work along
the Topeka Marysville cutoff.
We venture it would be safe guess
to say that there can be expected
"something doing on the T. & N. w.
during the latter part of september OF
the fore part Of October.
The completion of the T. N. w.
means much to Marysville. With it
the town can confidently look forward
to the location of the division here and
this will mean the employment of many