The Representative

THE NORTH AND SOUTH RAILWAY.

Some of the Details of the Scheme as Reported by an Unfriendly Paper.

The projectors of the north and south railroad scheme, who have been in conference here for three days, finished the work of organization and filed articles of incorporation for the Gulf and Interstate Railway company.

The capital stock of the company is $18,000,000. The directors are: Fred J. Close of Troy, Kan.; Albert Griffin of Manhattan, Kan.; J. F. Whetstone of Pomona, Kan.; E. Stoddard of Omaha; E. J. Rundell of Wayne, Neb.; E. E. Carpenter of Canton, S. D.; "Buffalo" C. J. Jones of Perry, O. T.; M. H. Kimpton of Fort Worth, Tex.; L. D. Featherstone of Forest City, Ark.; H. M. Dake of Brookfield, Mo.; Halyer Halverson of St. Paul; A. J. Westfall of Sargent's Bluffs, Ia., and A. Wardell of Topeka.

The object of the company is to build, equip and operate a line of railroad from a point on the gulf of Mexico in the state of Texas, across that state, the Indian Territory, Oklahoma, Kansas, Nebraska, South Dakota and North Dakota, to a point near the south line of Manitoba in North Dakota, and from the point first mentioned across Texas, Arkansas, Missouri, Iowa and Minnesota, to a point on Lake Superior, together with necessary branch lines.

The road shall be operated in the interest of the public, the articles set forth, and shall be held in trust and operated for the benefit of the public school funds of the states traversed until five or more of the states shall by legislation provide for the acceptance, maintenance and operation of the line with equal representation in the control thereof, at which time the road shall be surrendered to the state, to be managed and operated in the interest of the people. The board of directors shall have charge of the construction and operation of the road, with full power to raise the money necessary to carry out the project, provided that the road shall not be mortgaged or bonded for more than $15,000 a mile. The board shall also fix passenger and freight rates. The rates shall be fixed annually and be based on the business of the preceding 13 months. The profits shall go into the school funds of the several states after the indebtedness of the road shall have been paid.

The articles of incorporation also provide for telegraph and telephone lines. The capital stock shall be divided in 180,000 shares of $100 each. The headquarters of the company are fixed at Topeka.

The articles of incorporation were prepared under the direction of Judge Frank Doster, the well known Populist lawyer. It is purely a Populist scheme, and the gentlemen at the head of it express the belief that it will be successfully carried out. Experienced railroad men and capitalists, however, say the scheme is impractical.--Topeka Cor. Kansas City Times.