The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-07-31
JUSTONEDAYMORE
TOpeka-SOut hwestern Money
Must Soon Be Ready.
Eight Thousand Dollars Yet to
Be Secured.
NEW PLAN is TRIED.
Board Of Managers With W H.
Davis at the Head.
Will Have Entire Control of
Financial Management.

money Tor the purchase of the right
OF way for the Topeka & Southwestern
railway TO the west line of Shawnee
county must dispose of $4,000 worth
OF, ppnos. This fact caused the board
OF directors to take a decided stand at
meeting held last evening when the
entire affair was turned over to a
committee of seven men, to be known
as board of managers.
This committee is headed by ex-
Mayor w. H. Davis. w. c. Stephenson
acting in the capacity of secretary.
Upon the efforts of this committee de-
peno the success of the venture and
put one more day remains in which
the rund may be secured unless the
New York representatives relent and
extend the time another week. At last
nights meeting the following resoiu-
ton bringing about the appointment
or the board of managers was
adopted:
Whereas. At meeting of the
board of directors of the Topeka
southwestern Railway company, held
In Topeka July 81, 1908. a resolution
was unanimously adopted that the
opeka-Southwestern Railway COM
pany should take immediate steps to
furnish the right of way for the con-
struction company from the west line
of the city limits of Topeka to the west
line of Shawnee county on all right of
way that is now under contract and
condemned: and
Whereas. 1t is necessary to con-
centrate all efforts to sell several
thousand dollars worth or the COM
pany's first mortgage six per cent
bonds to the business men and citi-
zens of Topeka and Shawnee county
in order to provide funds to pay for
such right of way; and.
=
to maintain the confidence of such
bond subscribers that there be made
safe and proper provision for the coll
lection and disbursement of such
funds; be 1t, therefore,
Resolved. That the executive COM
mittee of the board of directors do now
appoint a committee of seven to be
known as board of managers for the
Topeka Southwestern Railway COM
pany, said board of managers to con-
sist of the following: W. H. Davis.
chairman. George w. Crane. ". G..
Crosby. NJ. A. Blanchard and j. W.
Robinson; and be it further
Resolved. That the chairman of this
board be and is hereby authorized to
discontinue. the services of all the pres
ent employees of. this company, includ-
ing agents. solicitors. managers. stenog-
raphers and all other employees, to be
effective August I. 1908: and be 1t
further,
Resolved. That the financial man
agement Of the affairs of the Topeka
Southwestern Railway company shall
be vested in a board of managers and
that such board is hereby authorized
to employ such persons as they may
deem proper, with the understanding
that they are to be under the direct
supervision of the said board of man
ayers: and be it further,
"Resolved That If shall he tho dufy
of the board of managers to pass upon
the payment of all bills and claims to
be paid by the, railway company and
that the chairman or vice chairman of
the said board of managers shall ap-
prove and sign each voucher that is
drawn upon the treasurer and that the
treasurer be and Is hereby instructed
not to pay out funds in his hands I'M
less vouchers have been properly ap-
proved by the board of managers and
countersigned by the chairman
The board Of directors worked
faithfully as did the financial COM
mittee in an attempt to secure s14,-
900 which is to be used in securing
the right Of way through Shawnee
county. They were successful in Sc
though but little if any progress has
been made during the past week.
The men who compose the board
of managers of the Topeka & South
western railway are all well known
Topeka business men who have given
literally of their time and money in
an effort to secure the road for the
city. For some reason there has been
violent opposition to the work of the
committee which has had charge of
raising the money although the adj
mission is made by those who oppose
the construction Of the road that it
means much for Topeka and the
territory through which the line will
pass.
1t has been commended from the
first that the road will pass into the
hands of either the Union Pacific or
Missouri Pacific railroad companies
as soon as completed. If this state
ment is taken as a fact it does not de-
tract from the proposition as II will
mean a better road for Topeka than
though it should be operated between
Topeka and Council Grove as an in
terurban line.
G. K. Holiday president of the
Topeka and Southwestern. prepared
the following statement which is pub
lished over his signature:
ITO the People of Topeka:
Everyone who has read the newspa-
pers during the past few days is sure
ly cognizant of the fact that Mr.. E. H.
Hartman is the controlling factor as
far as the Missouri Pacific railroad in
terests are concerned. Mr.. Hartman.
among other things, controls the I'm
ion Pacific railroad, which property he
has improved in the highest degree
and the stock of which is selling to-
day above $50 a share and the per
cent bonds of which are above par. The
Missouri Pacific has division headquar-
tiers at Council Grove. the western
terminus of the Observation-Disclosures
railway, the new road that is now be-
ing promoted in Topeka
"A straight line drawn from Council
Grove to Topeka passes through the
town of Eskridge and is the official
route for the new Topeka and Council
Grove railroad. Thus. the Topeka
Southwestern road If operated by the
Hartman interests shortens the mile
age of the Missouri Pacific railroad
from the west line of the state to Kan
sas City, Mo-, by some "a miles.
Anyone can see at a glance what
this new connecting link of steel be-