The Norfolk weekly news-journal., 1910-08-05
STlLWELL BACK HOME AGAIN.
In England He Placed Five Millions in
Railroad Bonds.

New York, Aug. 5.-Having placed
five million dollars in bonds with Eng
fish investors, Arthur f. Stilwell,
president of the Kansas City, Mexico
& Orient railway, returned on board
the Rotterdam of the Holland-Ameri-
can line.
He made a tour of Europe after the
placing of the five million dollar bond
issue and felt the pulse of investors
there. While he is cheerful and hope
full over the future of American Sc
curities abroad, he declared that this
country was losing millions of dollars
OF tne none of European investors
because of the uncertainty Of Condi-
lions here. Money that would ordi-
narily come into the market here
through the buying of our bonds and
stocks is finding it's way into South
American countries, particularly Ar
gentna.
THE investor seems afraid of con-
ditions here" he continued. "No one
seems to know what is going to hap
pen next There have been so many
changes in the laws, so many investi-
cations, that the European investors
have become wary"
THE charge has been made that
there has been too much politics." he
was told.
81 guess that's part Of the trou-
BILE" he replied, because there is no
denying that this is a wonderful coun-
try, great portion OF 1t being unde-
veloped, especially the great south
west.
1.-THE railroads will have to be given
encouragement, however, to go ahead.
For the railroad is the agent of pros.
perity and development goes with 1t.
Give the railroads chance to make
good rate, so that their earnings will
be ample to pay the investors and
this country will see the greatest pros
perity 1t has ever known. | think
can say without contradiction that
the railroad companies in the United
States are prepared to spend 500 mil
lion dollars in the next ten years IL
the officials of the railroads are sat.
isfied that they will not be held back
by legislation that is founded on agi-
tation rather than on good, sound
law"
The bonds Mr.. stilwell sold in Eng
land are the Kansas City Mexico &;
Orient railways first mortgage 50-year
gold 4 percent bonds. This railroad
will. when entirely completed. run be.
tween Kansas City ard Topolobampo,
Mexico, on the Gulf of California, a
distance Of 1859 niles. Already ais
miles of this line are in operation and
now that FIVE million dollars wcrth of
b. nds have been successfully sold the
remaining part of tne railroad viii be
pushed to completiol and Mr.. Stilwell
believes will be ready in two years.
"As a railroad man and an Ameri
can looking forward to the prosperity
of this country and sincerely hoping
for it," he said, land having faith In
it. | wish financial conditions were set
tied here so that the railroads all over
the country could go ahead and spend
money for improvements and exten
sions. Allow them this and there neeC
be no worry about prosperity. Ther
there need be no worry about foreign
investors coming into our securities.
people generally do not quite un
derstand what all this means. but TAX,
the territory along the Orient road
Thousands are coming into that coun
= try because we are spending none.
: and making extensions. But we wan
, good rates to allow ample earnings L
continue our work"
, Mr. Stilwell will remain in this cit
. at the company's offices in the SINCE
building. He will then make a shor
= trip to Mexico and will afterward r,
. turn to England