The Hays free press. [volume] (Hays, Kan.) 1908-1924, 1921-01-20
THAT GOLDEN BELT RAILROAD

THAT GOLDEN BELTRAILRoAD
We think we put it mild when we
say the people along this proposed
railroad were mora than surprised at
their last weeks papers when they
saw the Notice OF the Interstate Com
merec Commission and the articles
about the road, as it appeared in all
the papers along the route, the Pro-
motors having decided to TAKE ALL
the people into their confidence, in
stead Of a few would-be promoters,
and through the papers talk direct to
the voters and tax payers, the people
who are to make the road a possibil-
ity. Everybody shall equally know
what is to be told.
Yes, it was organized last Novem-
Der. but the day the Directors were
elected they became railroad men,
pledged to secrecy until the Inter
state had acted. They went on with
their required work, and if the Inter
state had rejected the application it
would have been unknown forgot
ten. But when the Notices for public
alton were sent to the Board and a
copy OF the papers sent to the Gov
eznor OF the state for Public Inspec-
ton, then everything was thrown
wide open and you are made part of
the builders, you are invited to be
stockholders and part of the Com
pany.
About the Stock
The action of the promoters and
Directors specified that $4,000 of the
Stock should be forever held in the
Reserve fund of the company, un-
selable, and Voting Power-of-Att'y
given the Trustee of the Bondholders
so the Bond-holders could have vot-
ing say at elections for Directors and
other matters where the stockholders
voted. It lets the Bond-holders have
an assurance of knowing what the
Stockholders, managing their prop
erty, were doing to improve and care
for the road. Then the ten directors
and officers were sold one share each,
as the law requires Director to be a
stoekhoIder.
Then every other share will be
owned by the cities and townships
along the road. Each township that
votes these bonds will be the stock
holders so they can always have the
say as to increase of stock( SO with
out their consent there can be no
wstered stoekl and they have the
election of future Directors. That is
why the papers name it "The Farm
ers Road. The Directors are elect
ed for "a five year term and as any
vacancy occurs these townships elect
the successor for years, so there
will always be men on the Board ex-
perienced in running 1t. There will
not be q dollar of Promotion Stock
issued. That is what killed off the
Byers road. The high browsNthe
fellows with the mellow eyes wanted
stock Tor their influence, while Byers
was furnishing the money, and he got
tired and pulled out There won't
be any of that in this road. Look over
the list of Directors selected by the
Promoters and see if you think they
can be worked by High7Brows and
eyes
The Mcney to Build 1t
That is the question that bothers
the dear people. Now when the Dir
eeters organized, the promoters
agreed to place every dollar Of the
stock; get the township bonds. sell
them and turn the money over to the
Treasurer. They agreed to buy the
Mozgage q per cent bonds, of al
ennaI amount of the stock and pa!
ovexs to the Treasurer 100000 {
month as the money is needed to pa
contracts for material and labor II
building. And the Kansas City meT
who have agreed to take the bond:
and. furnish the money are ready t.
come here any day to begin theI
wofk, as quick as the Interstate says
eco to tie And these bonds will b.
of an equal amount of the Stock. $
these people pay one half and tn
Farners get 25 years to pay theirs Il
their Toanship Bonds. Doesn't tina
sound queer out here2
The same man who laid on tn
I Ellis freight yards IS ready to com
any day, when ready, to lay of tn
terminals at Great Bend, and at Hay
If e.ean get across the reservation
"a est TO Hays. fit is 3 spur trae
20 Havs.sthen We need no terminals a
Hos and Great Bend gets It all.
The Engineers. the best in Kansa
civ. who have done the work 10
other kansas railroads, are ready t
cone and assist Engineer Loreditsc
and tie Barton County Engineer Ia
OF the route, grades, and everythin
needed ia sheir line. In fact, the
feel 50 certain everything IS A &
thai sey want to come here at ono
and begin work, as it. takes lots Q
time. but the Directors are making n