The earnings of this road for the month of August were $20,829.53; for September $25,595.98; and for October, $26,783.35 - total, $73,572.87. The company has a Congressional land grant of 6400 acres per mile, against which it has located between Topeka and the Arkansas River 790,000 acres. Of this, 385,000 acres within ten miles of the track, come into possesion of the company as they build. The remaining 405,000 acres lie within twn and twenty miles of the track, and come into possession of the company upon completion of the road. The road was opened to Emporia for business, sity-two miles, August 1, and the earnings since that time enable it to pay 7 per cent interest on $26,000 a mile while its mortgage is limited to $15,000 a mile. The road is to be extended this fall from Emporia southwest, which it is anticipated, will secure a large business in the transportation of cattle from Texas and the Indian Territory. Hon. Ginery Twitchell, of Boston, is President of the company.
This portion of the American Railraod Journal transcribed in altered form by Russell L. Crump
Established 04/22/96-Updated 08/26/2008
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