The Chanute times. [volume] (Chanute, Kan.) 1897-1913, 1909-03-26
CHANUTE e ECTRIC RAIL-
WAY COMPANY.

investment, VIC Soh9NASi ~ SS'' w
outline our entire plans through the
medium of greatest publicity-the
local newspapers; we believe that
everyone thoroughly realizes the
benefits in tt e way of increased
business, appreciation in the value
of property and convenience to the
public as universally demonstrated
wherever such a system has been
built and we are asking your CO.
operation fort added reason that
the bonds themselves are un-
questionably a safe investment. 1t
is an investment axiom that those
undertakings are most likely 10
succeed which are established for
the purpo-e of providing something
the community cannot get along
without and the earning powers OF
electric street railways are established
beyond experiment wherever the
local conditions have seemed at all
favorable. While the records OF
street railways in the United States
is most excellent, there are naturally
varying degrees of strength among
the different companies; as with
corporations engaged in other lines
of business industry, some systems
occupying an economically weak
position, or ara inadequately
equipped, in poor physical con-
dit.on, grossly overcapitalized, or
badly and sometimes even dis
honestly managed.
Realizing the possibilities and
desirability of such system as
provided in the plans Of the com
pany, a franchise was secured last
/
fall providing for the construction
of street railway system from the
Santa Fe shops and glass plant on
the south to the smelter and cement
plant en- the north and from the
Katy depot on the east to the cement
plant on the west of town - in all
abeut 6 miles of track which, on
account of the very advantageous
physical plan of the city, will serve
fully one-half the entire population
and therefore be assured of as much
business as is usually secured to a
street railway system in town of
twice the population of Chanuts.
The general engineer of the
Metropolitan Street Railway systems
at Kansas City-a recognized ar-
thority-after personal visit and
inspection of tho proposed system,
estimates that it will require about
500, 200 in actual cash to fully
instruct and equip the system
ontemplated and, in addition, gave
US the necessary specifications to
insure the building of system that
would be first class in every respect
and economical in oparation and
malntainsnce; the company is there
fore issuing Sra5 900 in per cent
ten year gold bonds and has ar
ranged to turn the entire issue over
TO the Vulcan Construction company
Of CIE IEcinnati, Ohio, who agrees to
take the bonds and if they can dis
pose of them, to construct, under
suitable bond and the personal
supervision of the company,
first class electric railway system
fully equipped in accordance with
the company's specifications and, in
addition, turn over 10 the company
the sum of $40, 900 in cash to pro-
vide for any emergencies arising in
the future. We are opening offices
in the Barnes building on Main
street and, for the present, the
Offices will be occupied by Mr.. B.
Fuhrmann manager, and Messrs.
E. A. Troutman az6 A. f. Smith
the boAd salesmeA for the eonstruc-
ton company, and the actual work
Of construction will be commenced
as soon as 500, 600 of the bonds
have been sold; and as Girard, a