The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-07-07

| and use an engine to carry our ma
| terfal out over tbs line
| The time is growing limited This
| road must be finished by April l of
| next year. for our franchise here ex-
| pires at that time and also our sub
sidfary bond issues given by people at
| this end of the line. There is heavy
| work to be done on this grade; heavy
cuts to be made. We should have the
| steel laid by November If we can
not begin work by August l we had
| Just as well call the deal off If
there is any fault to find in the pro-
gross of this road we are the ones to
complain and not YOU
AL this point Mr.. Holiday asked
Mr Herbert to state explicitly when
ne would be able to begin work on
the road The New York man turned
ana MS reply was almost fierce as he
| shouted: I'VE will be gin in forty
| eight hours after you raise the money
Tor the right of way
Mayor Shamleffer of Council Grove:
| me right of way from the west line
or Topeka city limits to the west line
OF shawnee county has been estimated
10 cost s21,500- OF tnIs sum Dover
mas pledged $4,000 which would leave
| Topeka $4,000 to raise but 1 under
stand that the route has been changed
since then to miss Dover by a few
miles. We must have $4,000 for the
right OF way in the county and $685.
tiiV tllN IlSnl way and
depot site and yard terminals. of
course, as l understand it. this last
sum for the right of way in the city
! VIII not have to be raised in cash un-
| III after the line has been built
through to Council Grove"
MI Holiday stated that Topeka had
Just ten days in which to raise this
bonus. That this was the first bonus
in the history of railroad building
Where the money was raised through
the sale OF first mortgage bonds of
the road to be built. These bonds are
twenty year six per cent gold bonds
| interest payable semi-annually They
are a first mortgage on everything the
railway now owns or may herea fter
acquire and with the bonds go a stock
bonus or 40 per cent preferred and
40 per cent common stock. He said
| further that 1t was the opinion of all
our business men who had in
Vestigated the matter that the right
of way purchased from the sale of
| these bonds added to that donated
| along the line was ample protection
| for the purchaser even if the road was
never built. In other words. for every
cent given by Topeka people for this
| right of way the donors have first
mortgage bonds of the proposed rail-
road to show for their money and
| ton on their deal
Mr.. Holiday questioned Mr.. Herbert
| further as to when he would go to
work on the construction of the grade
| and learned that if the money is
| raised for the right of way from To-
| peka to the west limits of this county
and that condemnation proceedings
are started for the land in the CITY
| necessary for the right of way and all
| options possible secured on same that
he would go to work within 4S hours
! thereafter, and if he could get to work
| by August l he would have the steel
| laid by November l.
Captain H. NJ. Philips of Dover: "I
| understand that by the change in the
| route this line will now miss the town
| of Dover entirely. and the change was
made in order to save S2O0,O in cost
| or construction. l want to say that if
YOU VIII give our town some connec-
ton with the road. even if only spur,
| we will secure all the right of way
| through our township.
Congressman Miller Talks.
Congressman J. NJ. Miller of Coun-
| Gil Grove: 81 was elected a director
in this railroad company and the place
has already cost me one assessment in
order to keep things going. 1 came
up here tonight to hear something
| new about this enterprise but so far
| this evening have heard only the same
| old matters threshed out again. 1 am
authorized by the president of the
| Farmers and DroverS' bank of Coun-
ell Grove to offer $4,000 in cash to
have the work on construction COM
mence at our town. We have taken
care of the right of way proposition
in our county, and so has Wabaunsee
| county. If you don't want this rail-
| road. why don't you say so and quit;
| If you do want it, why get busv In
my judgment you will get every dollar
back you put in this right of way with
profits besides
]. w. Robinson: "Messrs. Crosby,
Crane, Stephenson and myself of the
| finance committee have done what we
set out to do when we Investigated the
! proposition. The scheme has lots of
merit. If our people thoroughly I'M
| derstood it there would be 500 people
here tonight and no trouble at all
would be experienced in financing the
/ Topeka end of the deal. In construc-
ton alone they would have to spend
100000 in Shawnee county Our
people should wake up and give this
matter their diligent attention. Mr..
| Herbert has assured the finance COM
mittee that he is ready to begin the
work of construction at once and your
committee has faith in this state
ment."
w. H. Davis: I'VE have played
warm and cold on this proposition. If
we can m, convince our people that this
road will surely be built we can raise
this money with ease. Can the Lam
prechts sell the bonds? These long
delays have been discouraging."
Thomas F. Doran, attorney for the
Topeka street railw~ was called upon
and said in part: 81 was born in
Council Grove and that town comes
first with me and Topeka second I
want to see my birthplace get this
road they have set their hearts upon.
l have been accused of all kinds of
crimes in connection with this road
ana oeen lined up as onnn but
| tell YOU l want to be sure that it will
be built. I don't believe that it will
be built as it is now being handled by
the promoters. You have no assur-
ance that the bonds will ever be sold
Your promoters have a three year OPP
ton on these bonds. They have never
put dollar into the project. while