Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1915-12-18
Utilities Commission Refuses to
Grant Authority to Issue
Watered Stock.
HOLDS UP REORGANIZATION
Railroads Representatives Unable to
Convince Members of Board of
Justice of Their Request


Railway Company will not be allowed
to put s3O.O00,0O0 of water into its
securities. Some time ago the new
company asked the Kansas public util-
tiles commission for permission to is
sue ST. 900 900 in stocks and bonds to
pay off outstanding debts and claims
against the old company and to re-
imburse the bondholders of the old
company. In the showing made to
the commission the company listed
the actual value of all the property
it owned at slightly more than $45,-
.00o, 900, and that the actual cost of
the property had been about S27, O00,-
600
Under the terms of the reorganiza-
ton plans each bondholder was to put
up $500 in cash and receive therefor
$4,000 in stock for each 81 900 bond.
The claims against the old company
were to be paid partly in cash and
partly in stock of the new company.
D. w. Mulvane, the Kansas direct
or, and Joseph Braithwaite of London
had q conference with the members
of the utilities commission recently
and were informed that the commits
sion would not issue the permit.
This commission does not feel that
it should allow to be floated many mil
lions of dollars worth of securities for
which there is no actual value in the
property" J. l.. Bristow. chairman of
the commission. said.
ITO give this company a certificate
for the s27,OOO,OOO would mean this
commission conserving to the re
organizers adding a large amount of
water to the securities. This would be
unfair to the state and its citizens"
Woman Wounds AssaiIant-A VALID
ron woman named Snyder was at her
home preparing the evening meal re
Gently when she was attacked by a
man. She seized a pair of scissors
and struck the man in the face with
them, cutting a deep cash, but she
was oyerpowered. When her husband
came home he found her unconscious
on the floor. She still is in q critical
condition.
Veteran Conductor Dies. - William
II. Irwin, a veteran railroad conduc- |
tor, is dead in Pittsburg at the age
of IA years. Irwin ran the first Pitts |
burg G Gulf train to Pittsburg from
Kansas City and return.
x
Shotgun Fatal to Farmer.-Carl |
Hackford accidentally killed himself |
with a shotgun the other night while |
hunting on his farm, eight miles south |
of Salina.
Broken Leg Caused Death.-Ben |
Welch. 81 years old, died in hospital |
at Wellington recently from broken |
leg. WEIGH was blown from his barn
while carrying sheet iron to the roof. |
Greeley Pioneer Dead-T. H. Nof
singer is dead at Greeley He was
GO years old. He had lived there since
1861
Dies From Rurns.-Mrs. Clara Don
a wealthy widow at Caldwell,
is dead in a Wichita hospital from
burns received when she tried to put
out a bonfire she had started on her
property. She used her apron as an
extinguisher and the flames leaped to
it and then to her clothing
x x y
Wagon Killed ChiId-The 2-year-
old son of Thomas Brink, near Ford,
rode in a huckster's wagon with his
TWO sisters. The men helped the chill
lren to the ground and told them to
run back home. The boy got under
The wagon and the rear wheel passed
over his head
Paola Has New OIL WeIi.-An oil
we'll producing at the rate of 125 bar
rels a day was drilled in at a depth
IF six hundred feet six miles west of
Paola the other day.
X y
Sold SaIina U. c. T HaIl.-The
United Commercial Travellers Con-
Tention hall at Salina was sold re-
GENTLY at sheriff's sale. the Putnam
investment company bidding it in at
s23. 500. about half its supposed value.
T. E. Putnam. head of the company. is
mayor of Salina and an effort will
be made TO have the city buy it,
X =
May Control Its NEUTRALITY-SUSPICIOUS.
will make another attempt to take
over the privately owned water system
It Lawrence at a referendum election
o be held March z, 1916. This action
was decided upon by the city commits
sioners the other day
X
Build New Wichita Home-The
Bell Telephone Company win build at
the southwest corner of First and
Market streets. Wichita. a five-story
modern office building at once. The
building will be so by 40 feet J.
Willis Gleed, general attorney for the