The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-07-01
Statement for Topeka & South
western Railway Company.
Throws Light on the Bond Issue
of Road.
NOW HELD In TRUST.
Columbia Trust Company Can
Sell Them Only at Par.
Conservative Business Men Who
Have Subscribed.

To the Editor of the State Journal:
This statement is made for the pur-
pose of giving full information to
those who are asked to invest in the
6 per cent first mortgage bonds of the
Topeka-Southwester Railway Co.
The total amount of the bond issue
is $1,5O0,00O. The entire issue is
placed in the hands of the Columbia
Trust Co. to hold in trust. and to de-
liver in compliance with the contracts
and agreements between the Railway
Co. and the Construction Co.
One hundred thousand dollars of
the issue is set aside to the Railway
Co., for the purchase of franchise, the
right of way, survey and other ex-
penseS connected with furnishing the
continuous right of way between the
terminals at Topeka and Council
Grove.
These bonds can only be sold at par
Co. as fast as a showing is made, that
the proceeds are devoted to the
agreed object.
1t was estimated that 1t would re-
quire the proceeds of about $4,000
of these bonds to secure the right of
way ITOIn Topeka u Tie west llilc VI
Shawnee county.
About $1,000 of these have been
bought by citizens of Topeka and
mostly paid for in full. Every cent
thus far collected has been devoted
to the cost of the preliminary and
actual surveys. procuring of the right
of way and register fee with the Trust
company.
The finance committee are actively
at work placing the remaining $15,-
900 of bonds. Just as soon as they
are disposed OF the remaining portion
of the right OF way will be paid.
The Construction Co will then i'm
mediately commence work on the &C
tual construction of the road. They
have shown their good faith by pay
ing the full amount of their fees
($5,0OO) and have the certificate of
the secretary of state to proceed and
do business. Mr.. Griffith. the con-
tractor. has furnished guarantee
bond to the Construction Co. of $15.-
900. that he will fulfill his contract
to grade the road to the west line of
Shawnee county, on or before April
1, 1909. .
They have 1a5Ateams now camped
on the right of way ready to begin
work They have thus far promptly
complied with every requirement OF
their CONTRACT with the railway coln-
pany and it only remains for the cfti-
zens of Topeka to now come forward
and make it possible forethe Railway
Co. to fulfil their agreement and fur
nish the right OF way.
Following is HIST of the board of d.
rectors and the names should be
guarantee of good faith:
c. K Holiday president: w II.
Davis. first vice. president; W. n.
Shamleffer, second vice president; f.
b. Merriam. treasurer; T. ]. Anderson.
secretary; Chas.r.W. Merriam. HI. w.
McAfee. Peter He'll. John r. Tomson,
T. B. Babst. A. F. Wade. w. K. Beach,
John Y. Waugh. w. H. Melrose. A. j.
Skeen, Roy c. Young. H. E Richter,
Edwin A. Austin, Hon. j. NJ. Miller and
F. ]. Curnick.
All of these directors has given free
ly of their time and money to secure
this road. Not one of them has recelV-
ed one cent by way of salary for ser
vices rendered.
The fact that the names of Topeka
NOSE conservative and successful busl-
ness men appear among the list of sub
scribers should be conclusive evidence
that they have carefully investiga-
fed the proposition and found 1t worthy
of their support. That being true then
the other business men and citizens
should give their assistance to the pro-
position.
Mr.. II. NJ. Herbert, who is the con-
sulting engineer of Lamphecht Bros
bankers, is the president OF the con-
struction company and succeeded W. L.
Tavlor as manager of that company,
will he here the first of next week to
start the work IL we are ready. VIII
we be ready? 49,
The following is list of those who
have thus far subscribed to the BOND
issue: IN