The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-04-26
London Financiers Spend Two
Weeks on Their Trip.
WERE ALL PLEASED
Plenty Of Money Now on Hand to
Assure Future of Road.
Other Items of Interest in
Railway Circles.

Kansas City, April 26.-The Orient
special train, bearing A. E StilweI and
party of English and American in
vestors, has returned to Kansas City
after two weeks trip over the Kan
sas City. Mexico & Orient lines in Kan
sas. Oklahoma. Texas and Mexico.
Mr.. Stilwelrs face was bright with
more than its customary optimism. for
curing his years absence in London
miles of new track have been laid,
many links connected, and his private
car rolled through sections hitherto
traversed On horseback or in wagons.
can only describe the entire tour-
ney as a revelation said Frederick
Hurdle, London financier. Com
mencing with the splendid metropoli-
tanism Of Kansas City. through the
rich promise Of Oklahoma and Texas.
over the highly mineralized ranges of
the sierra Madres, and into the beauty
Of Mexico City, every mile was a liberal
education. OF course. L followed the
progress of your southwest, and the
development of Mexico by means of
maps and much reading. but even with
tnat mad no adequate conception of
what 1 was to see. Kansas City should
take deal of pride in Mr. StilwelI. Not
only Is he opening up an undeveloped
territory, enlarging opportunity for all
iiich, anu making your town the gate
way to new world, but there is also
the credit he reflects upon your com
munity by his character and achieve
ments. L was somewhat prepared for
the enthusiasm Of Oklahoma and
Iexas, but 1t came as a surprise to see
the regard and esteem in which
foreign country holds him."
Roads Future Is Assured.
H. J. Chimney. vice chairman of the
Orient's London finance committee,
said:
The Orient railway has So far been
built by what some people have been
pleased to call hand-to-mouth f1nan-
ciering. That stage is past. The days
Of uncertainty and importantly are
over. The roads present Is prosper
Gus, its future is assured and I feel
safe in saying that comparatively few
years should see the entire line in
operation between Kansas City and
Topolobampo."
During the last thirty-years, the
house Of Chimney Brothers has done
more to popularize American securities
than any other firm of dealers on the
London stock exchange
In the fall or early winter" said Mr..
Chimney, "a public issue of bonds will
be made in New York, London and
Amsterdam for a large amount This
slight delay will permit the extension
of the line between Sweetwater and
San Angelo, and enable us to show large
earnings. This summer, unless present
plans miscarry, we Will make a large
issue of certificates on the continent, so
arranged as to meet the requirement
OF the foreign investor. It will be seen
from this financial plan a departure
is being made from those methods
Of raising money that have hitherto
been used in connection with the up
building of the Orient. Mr.. StilweH is
the champion bondseller of the world,
Of ho On v1il1innc alrnadu
spent on the road was gotten by his
own personal exertfons. But it is felt
now that larger, more certain and Sc
cure system of finance can be safely
adopted. The immense amount of work
done. the earnings shown, the splendid
position attained in the railroad world,
all justif1es this departure that takes
the Orient out of its dependence upon
the heroic exertions of one man.
Have Plenty of Money.
with the money now on hand we
will bridge the seventy-seven mile gap
between Sweetwater and San Angelo in
the next few months, and also carry on
the remarkably successful work in the
mountains west of Chihuahua. With
the money raised by the New York.
London and Amsterdam issue of bonds.
we will connect the track ends between
San Angelo and Conchos river in Mex
leo.
From Falomir, the town on the
banks of the Conchos, the Orient has
a splendid stretch of track to Chihua-
hua, up the rich Guerrero valley and
over the Great Divide to Sanchez, A
distance of 2S4 miles. Between Sanchez
and San Pedro, from which point the
Orient is already in successful opera
ton to Topolobampo, is only 1913 miles.
Only 154 miles of this is mountain
work. and it should be remembered
that not only are all the engineering
problems solved. but that fully ten
miles of the most difficult rock cutting
is done, and ready for track laying. The
continental issue of certificates will
furnish money to complete the road in
Mexico. After the money is secured
and the work organized 1t is physical
ly possible to complete the road in two