The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1916-07-28
HAVE new GAS PROPOSITION
Stockholders of Kansas Natural Have
Made Arrangements for New
Stock Issue.

A new stock issue which will pay
off all the outstanding ~ million
dollars of new money for improve
ments is the plan of reorganization of
the Kansas Natural Gas Company. 4
committee of the stockholders, who
spent all Of last week in Pittsburg in
conference with the larger stock
holders of the company, told Governor
Capper and S. M. Brewster, attorney
general, about their plans.
The stockholders will raise among
themselves enough funds to pay every
dollar Of debt against the Kansas Nat
ural. For this money each stakeholder
is to pay pro rata share and is to
take additional stock. The committee
told the state officials this stock issue
would have to be at about one-half
the par value of the stock, as the mar
ket value is only fifty cents now. This
would contemplate additional stock of
about million dollars to raise suffi-
cient funds to pay off the bonds and
put the ~ million dollars into i'm
provements and extensions as pro-
posed. That would bring the total
capitalization of the company to
around 13 million dollars, but with
40 bonded debt.
The committee of stockholders went
before the public utilities commission
md discussed the plans with it, as
he commission must give its consent
20 the stock issue.
The committee told the governor
md the attorney general that the
Dond for q million dollars the federal
court required before the new 32-cent
gas rate could go into effect had been
occurred and was on it's way to the
court officials for approval.
X X X
Mitchell, young farmer living near
diamond Springs, in the north part of
Jhase county, was killed by a bolt of
lightning while at work on his farm.
lis wife found his body in an alfalfa
.ield.
X. U. Second Term opens.-The
second term of the summer session of
he University of Kansas opened with
n enrolment of 275 students. The
erm this year was increased to four
weeks. The first term had ITO stu
dents.
His Leg Saved a lite.-John Wava.
o, packing house employe, saved
e life of John Donovan, a fellow
Gorkman, recently, at the probable ex.
lense OF his own left leg. When an
levator was descending into a base.
ent where he knew Donovan was at
york, Wavado thrust his leg between
/ he car and the floor, stopping it, but
breaking his leg so badly that it may
have to be amputated.
4 4 4
Operated on Seven of Family
seven children of Mr.. and Mrs. ]. H.
Williams, of Wichita, ranging from 6
o 10 wears old, went to the operating
table in local hospital one by one
he other day, until all had been sub.
iected to some alteration through the
urgeon's knife. Most of the opera.
tons were of minor sort and not one
Of the children cried. There were two
Doys and five girls.
X X X
Three Drown In Neosho.-Mary
Steinmetz, IS; Erma Cox, IA, and Earl
Shirk, 16, drowned while wading in
the Neosho river at Chanute when
they stepped into fourteen feet of
water while crossing the stream.
Shirk tried to save the girls and per.
ished with them.
x 4
Big Wheat Return.-C. Vanderbilt,
farmer near Solomon, threshed fifty
acres of wheat which averaged forty
TWO bushels to the acre and tested
sixty-three pounds. He received nine
ty-six cents for the crop. $40 an acre.