The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-07-25

composed wholly of local people who
need a railroad for themselves and
their neishbors and to accomplish this
must offer the proper Inducements to
eastern capital. In this instance the
railway company has contracted with
a reliable banking firm to finance the
road by agreeing to furnish them the
right of way free of cost. Now the
bankers are ready and willing to
start their construction company to
work just as soon as right of way nec-
essary for the sub-contractor TO work
on is furnished. the sub-contractor is
on hand with 105 teams and first
class outfit ready to go to work inn
mediately after the right of way is
furnished and the bankers have given
the railway company until August 1st
in which to acquire this right of way.
through the sale of the first mortgage
bonds of the railway company, which
have been set aside for the railway
company to do this, as the line must
be built and in operation to the west
line of Shawnee county by April 1,
1909 in order to save the subsidies
and utilize the franchise.
People all over Kansas are watcn-
ing this proposition with considerable
interest. They are wondering II the
public spirited citizens of the capital
of Kansas are going to lose an excel
lent opportunity of helping them
selves all for the lack of small in
vestment in the first mortgage bonds
of the railroad company, bonded as
lightly as this one ana whose BONDS
will probably be worth par the minute
the construction company goes to
work. If Topeka ana the territory
southwest of Council Grove ever ex-
pect a railroad they surely know the
Southwestern has gone through all
the preliminary stages of which an
immense amount of hard work and
49, cd er
able cash has been necessary and is
now ready, with just a little assist
ance, to be launched. In this in
stance the people are not going to be
asked to make donations. but to sub
scribe for the first mortgage bonds of
a railroad company THAI is not over
capitalized. There probably never be-
fore has been offered as good
proposition as this, where the local
people are given an opportunity to
subscribe for the first mortgage bonds
of the company, the same bonds that
are taken by the construction COM
pany in payment for the building and
equipping of the road. Invariably in
a proposition of this kind the local
people are asked to subscribe for the
stock of the company at par instead of
the bonds as in this case.
1.-THE business men or Topeka and
the leading farmers of Dover and Mis-
sion townships should awaken to the
fact that should this proposition fail
they will lose the chance for all time
to secure the kind of a road they need
and If they ever do get one in the
future will probably have to be con-
tent with a branch of some trunk line
with one mixed train day and sta
tions few and far between. This allot-
ment of the bonds or the Topeka
Southwestern can be exchanged for
city of Topeka bonds, on or before
April 1. 1909. when the road is in
operation to the west line of Shawnee
county. This is intended to throw
mantle of security around the South
western bonds to protect those who
are not familiar with railroad bonds.
The committees of business men are
hard at work and are determined to
secure the requisite amount necessary
before they let up.
about a half million dollars in
round numbers will have been spent
by the construction company when
the road is in operation to the west
line of Shawnee county"