Mexico weekly ledger., 1909-10-21
THE ELECTRIC ROAD PRO-
POSITION IN FULL

The Ledger is desirous that the en-
tire railroad proposition shall be
placed before its readers in sufficient
form. With that end in View we have
edited and presen5 below the various
articles that have been published In
its columns from time to time.
The work Of financing the road as
now mapped out is as follows:
Mexico to take $4,000 In bonds TO
be applied aleng the line from
Santa Fe to Hereford.
MoIino $4,000, 10 be applied to
line from Mexico 10 MOlinO.
Santa Fe $4,000 to be applied on
the lire from MOlinO TO Sara Fe.
The line frem Mexico to Hereford
20 miles $4,000.
The Proposition.
The proposition made by ]. j.
Burns, of Burns & Company, of Chi
cago, to build the electric road from
Mexico to Hannibal, and Fulton,
seems to be along business lines, This
company has built several railroads
on the plan suggested and the results
have always been satisfactory. When
the railroad is completed 1t is to be
bonded for $4,000 mile. The
company asks for no bonuses or sub
scriptions. but expects the people in
terested to take the other half. The
road will be built and completed for
$4,000 per mile, as there will be no
middle man and no promoting. Mexl-
cos part of this proposition would be
the subscription for $4,000 worth OF
bonds. The idea is to build 1t first
10 miles north and Is miles south. This
money is to be paid in as each mile
of road is completed
The Company in the first place will
build and pay for power house In
Mexico and then as it completes each
mile of road will ask for the proper
tionate amount due.
The bonds pay five per cent. inter.
est, running for thirty years, but al
the end of four years provide for {
sinking fund.
1t seems to the Ledger as though
this proposition should prove mos
attractive to the people of Mexico ant
those who live along the line.
Burns & Company will build tht
power plant and then build mill
of road before any money is asked for
and then you pay for the mile that il
completed; and as other miles arr
completed you pay your proportional
part of your bonds.
| 1t is not necessary to go into tn
question of how much Mexico will b.
benefited; we all understand that mat
ter thoroughly and are all in favor 0
the road, and it does seem to tn
writer as though Mexico shnnld do ii
part toward financing this enterprise
This Company and its plan of build
i ing roads have been thoroughly in
vestigated and all reports are most sat
isfactory. If this plan is carried ou
Mexico will become the center of
great system of electric roads.
Committees Statement.
S. P. Emmons, chairman of the con
mite appointed at the citizens meet
ing at the Court House, to take charg
of the matter of securing sui
scriptions for bonds to finance th
electric railroad, gives out the follow
ling statement;
Our committee have had sewers
: meetings with Mr.. Burns and Other
and have gone over the entire prof.
osition now before the people car
fully. Have investigated the bond
and the mortgage that is to be gil
en- to secure the bonds, have exam
ined the subscription blanks that al
to be subscribed, the method
making the payments, and the COZ
tract that will be filed with the SUI
scriptions.
And we are convinced that Il
: proposition as a whole is an none
= and practical one. That the su
Y scribers will have the road, mile
a time, before they pay their none
Il that the bond issue will be limited
$4,000 per mile and that if the ro
can be built and equipped for lie
y than that sum that the bond issue W
. be less, and that the people who b
i these bonds will have the very bf
Z security for their money that 1t
v practical to give them.
4 1--WE believe that in consideratl
of the benefits to be derived from
road and from the location of t
power-house, car shops and genel
= offices of the Company at Mexico Il
Mexico ought to subscribe for
IS amount allotted as her share and
n urge every citizen who has the pr
perity of the town at heart to S,
scribe what he can towards financi
this road"
~ (Having the power to enlarge {
eommittee, we have added the follC