The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-07-21
Will Make Final Plans on We'd
nesday Evening.
PROPOSITION is PLAIN.
Right Of Way for the Proposed
Line Pledged.
Now the Only Thing to Be Done
Is to Get 1t.

AHe general nnance committee named
to assist the regular finance committee
OF the Observation-Disclosures Railway
company will meet at the Commercial
cub rooms, upstairs. at D. M We'd
nesday, July %, to agree on plans for
the quick sale of the remainder of the
$4,000 first mortgage bonds of the rail-
way company necessary to acquire
right OF way required for the construc-
ton company to go to work.
There seems to be no doubt that this
will be accomplished IL a good strong
committee composed of such public
spirited business men as are named on
this committee, in connection with the
railway finance committee, will take
such action that will produce satisfac-
tory results, as the necessity of the
case demands
The proposition should be plain to any
one interested in this commendable en-
terprise, viz: The Topeka Southwestern
Railway company. composed of local
people, has arranged with the banking
house Of Lamprecht Brothers & Co. of
Cleveland. O.. and New York, for the
financing of this proposed railroad from
Topeka to Council Grove.
In order to interest eastern capital
in proposition of this kind induce
ments were offered. The railway COM
pany. representing section of country
DdQly LII necQ OF railroad IaCluIloS mas,
among other things, agreed to furnish
the right OF way to the construction
company free Of cost. The construction
company, Of which the representatives
of the bankers are at the head, has
promptly complied with their part of
ness in Kansas and has a responsible
subcontractor, with a large force, on
the ground ready to go to work when
the railway company furnished the
right of way.
Now. it is up to the railway COM
pany, and those interested. to fulfill
their part Of the contract and start the
construction company to work at once.
The bankers have had set aside an
allotment Of 500. 0o6 Of the 81 900 auth
first mortgage per cent 20 year
bonds, the remainder Of $4,000 Of the
above allotment Of which is now being
offered for sale at par. the proceeds OF
which are to be used by the railway
company for the exclusive purchase of
right of way necessary to start the con-
struction company to work The pres
ent board of directors, with few
changes, has served for nearly two
years and the members have given
their time and considerable money
without any returns and furthermore
they have no prospects of making a
dollar out of the building Of the rail-
road. The road Is bonded so lightly
that II any money is made at all 1t
will be by the bankers who will make
q small commission through their q
years experience in handling bonds.
A great many long and tiresome trips
at their own expense have been made,
in all kinds of weather, by some OF
these directors to attend the meetings
and other business toward the promo
ton of this railroad These directors
have never wavered in their EFFORTS to
secure this railroad and now that the
much coveted goal is within reach
nearer than it ever has been before, the
proposition can be brought to q sue
cessful start at once that will insure
the building Of the road. With uni
ted effort of the public spirited citizens
of Topeka and those interested in Shaw
nee county, this can be accomplished
The following names have been ao-
ded to the general committee: Senator
George p Morehouse, w. w. Wheeler,
Captain Peterson, Captain Titus. Chas.
4. Wood, C. s. Short, G. G.. Blakely,
Z. M. Penwell, H. A. Heath and o. E.
Walker.
Every member Of the general finance
committee should make 1t a point to
attend this meeting without fall.