Rensselaer Republican, Volume 26, Number 34, Rensselaer, Jasper County, 19 April 1894 — A REMARKABLE SCHEME. [ARTICLE]

A REMARKABLE SCHEME.

This is an age of unique and remarkable schemes, Pauaceas for the prevention and cure of the financial troubles that are supposed to afflict the country are almost as uumerous as the nostrums that are

offered to heal the “ills that flesh is heir to.” Reformers organize visionary enterprises bn paper and make long-winded appeals to the country to follow their recipe and be saved from troubles and all future- woes. Emi Kennedy, a few years ago, organized the People’s Railway of the United States, at Indianapolis, that was to build a great double-track air line continental railway from sea to sea. Shares were to be taken by the common people and the success of the enterprise was promised as a sure thing. A gigantic set of subscription books were procured and exhibited in the Indianapolis store windows for some time. Offices were opened. Large subscriptions were daily reported. Later Kennedy went West. He has not returned up to date. The People’s Railway is a tradition and a vision of the past whereat men smile and wag their heads. And yet we have again presented to us a similar scheme by the incorporation of the Gulf & Inter-State Railway Company, articles having been filed with the Secretary of State at Topeka, Kan., recently. Briefly, the articles of incorporation provide foi the building of a road and branches from some Gulf port on the Texas coast across that State, extending northward through Indian Territory, Oklahoma, Kansas, Nebraska, South Dakota and North Dakota, and for another line branching off from the main line in Texas and extending through Arkansas, Missouri, lowa, Minnesota, to some point on Lake Superior. The capital stock is placed at $18,000,000, divided into 180,000 shares of HOC each. If any of our readers have some good hard cash to throw away we would advise them to comrnunicate with the officers of this company, who will doubtless be glad to help them dispose of their “surplus." There are 2,400 miles of railway projected by this great scheme, and the project still exists solely upon paper. The officers doubtless need some funds for present uses and to pay office rent while waiting for the road to materialize. Now is the time to subscribe.