The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-07-20

council Grove that will turn a volume
of business this way. which now goes
to other market centers.
1t will shorten the distance by rail
to Council Grove about Is miles and to
Eskridge about fifteen miles and give
them easy and quick Communication
with the capital city, which at present
requires two days time and travel
The ka-Southwestern Railway
company is composed Of local people
from Topeka, Council Grove and in
termediate territory, who are pIeading
for a railroad for themselves and their
communities.
1t was never supposed or intended
that these directors could buiId and
equip a railroad. They are simply try
ing to make it possible to interest cap
ital in this enterprise by offerinp the
proper inducements as per agreement
with the Topeka-Southwestern Con-
struction company and it is now I'M to
Topeka and the farmers along the line
in Shawnee county to start the Con-
struction company to work at once on
the construction OF the road by secur-
Ing the right of way for them. This
can be accomplished by subscribing for
the remainder Of the allotment of S14.-
600 OF the first mortgage bonds of the
railway company. These bonds are the
| 8 per cent, 20 year gold bonds of the
opeka-southwestern Railway COM
| part of the $4,000 in bonds set aside 20
be used by the railway company for
the acquiring of right of way. The
| proceeds Of the sale of the $4,000 in
bonds above referred to must be used
exclusively for the purpose of paying
for right-of-way in Shawnee county
and the money thus subscribed will be
coming right back to our own people
in the county.
These bonds are a part of the orig
inal authorized issue of one million five
hundred thousand dollars, secured by
trust deed to the Columbia Trust com
pany, 26 Nassau street, New York, and
are first mortgage lien on everything
the Topeka-Southwester Railway
company now owns, or may hereafter
acquire. They are a part of the same
issue the construction company will
take for the building and equipping of
the road, to the amount of 1,400,000.
The $4,000 in bonds above mentioned
must be sold at par before the con-
struction company can go to work,
and the railway company is given un-
til August LIST in which to do this, so
that the road can be built and put in
operation to the west line of Shawnee
county by April 1. 1909 to earn it's SUBJ
sides and utilize its franchise.
Mr.. H. NJ. Herbert. president of the
construction company, has given the
finance committee instructions to ex-
cnanSe, Wnen desired. TOpeka city
bonds available on or before April 1,
1909, for like amount of Topeka
Southwestern railway bonds This is
intended to remove any doubt that
may arise as to the value of the rail-
way bonds.
Every public spirited citizen of To-
peka should render the finance commit
tee all the assistance possible toward
selling these bonds. The bonds are In
denominations of $500 and $1,000 each
but syndicates can be formed to ham
die them through trustees by subscrib-
ing for smaller amounts.
Bear in mind this is not donation
but an investment that will bring di-
rect good returns and a promise OF
large indirect returns to the investor
and should have immediate moral and
financial support as above indicated.