The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-11-28
SALE OF BONDS.
Facts About Southwestern
Proposition Given Out.
Plan Is to Sell Securities Along
the Route.
ESTIMATED EARNINGS.
Indicate a Surplus of 5 Per Cent
on Stock.
Recommended as Good PROPOSE
L,
ESTIMATED EARNINGS.
Recommended as Good PROPOSE
tion by Lamprechts.

The Topeka-So board of
directors are now engaging in the sale
of bonds throughout the territory
which is traversed by the proposed line.
A proposition of selling bonds to every
resident along the right of way or with
in three miles of the right of way for
90 cents an acre, is being presented to
the farmers and is meeting with lib
eral responses. According to F. j.
Curnick, general financial agent of the
road. the work of construction will be
pushed.
The following is a letter which is be-
ing sent out to the farming population
along the route, and bears the signature
of the board of managers:
1--WE have planned to place $4,000 of
bonds in the territory through which
the road will pass. in such way as
will not be burdenSome to any, and will
give the greatest measure of assurance
that the road shall receive the patron
age of the inhabitants whose convent
ence and welfare 1t will serve. We shall
ask that each owner of land along the
right of way and adjacent thereto with
in three miles on either side shall buy
bonds to the amount of so cents per
acre of the lands which they won, and
which will be increased in value the
moment the road is in operation by at
least twenty GOD times the amount
which we ask you to subscribe. Our
Mr.. Ewing, who has been employed to
solicit subscriptions for bonds on the
basis above named, will call upon you
within few days, and for the good of
the enterprise, for your own good and
for the good of every man, woman and
child who lives within the benefited
district of the proposed road, we hope
you will give your cooperation by TAX
ing your pro rata amount of the bonds
offered
In order to facilitate the sale of the
bonds, the prospectus has been issued
showing the present standing of the
road. its charters, authorized capital
stock and bonded debt, its prospects,
earning estimates and other informa-
ton. The prospectus follows:
CAPITAL STOCK AUTHORIZED;
Common -. -. $1'000'O00
BONDED DEBT AUTHORIZED.
First mortgage 6 per cent
gold bonds due March 1,
1927 redeemab BILE after
March 1, 1917, at los. -. 81. 5OO,0 900
The eka-Southwestern Railway
company is organized under the laws
of the state of Kansas to construct
steam railroad from Topeka to Council
Grove, a distance of about 60 miles.
The company also has the right under
it's charter to extend the line to Ma
rion. 1t will supply transportation
facilities to most fertile and prosper
Gus region, which has never been
brought to its full measure of de-
velopment, owing -to-tlfe lack of rail-
way accessibility. With the compile
way the section of country served will
be in touch with all markets and its
present resources will be more than
doubled. AS the need for this road IS
so generally conceded by the business
men in Topeka and Council Grove, and
the residents along the route, ii is I'M
necessary to go into much detail with
reference to its advantages and its
ability to obtain profitable amount of
freight and passenger business. A
normal amount of revenue seems to be |
assured from the start, which will I'M
dOubtedly increase substantially from
year to year
The company has obtained a most
favorable and valuable franchise from
the city of Topeka, and will have its
terminus in the center of the city, on
Kansas avenue.
It is contemplated that the control
of this road through stock ownership
viii be in the hands of representative
citizens of Kansas, assuring an indie
pendent and local management. All
shippers will uniformly receive fair
and impartial service. A special SER
vice will be provided for quick and fire.
uuent shipment of perishable products,
such as milk. eggs, vegetables. etc.
The road is being constructed in the
most substantial manner. equal to aver
age standard of trunk line construction,
in order to provide for economical, pro-
fitable and safe operation.
1t is naturally difficult to furnish a
close estimate of earnings in advance
of operation of any given line of rail-
way. Estimates by the most expert
enced authorities will show a material
difference in figures. In preparing an
estimate of the earnings of the Topeka
Southwestern railway its officers have
had the benefit of the sound business
judgment of a large number of bankers.
merchants and shippers in Topeka and
vicinity. They are unanimous in the
opinion that the road will be profitable
and that the estimate as compiled is
conservative. AS the territory which
the road serves is unusually favored in
productiveness. and one which will
show an enormously increased yield
with a railroad outlet. the company