1879. 00 Kansas Rolling Mill Company Bond. .

Description

1879.   Very fine condition.   Middle tear above the ,000.    With 30 attached coupons and 3 unattached coupons  .Bond shipped quarter folded along existing fold lines.
The buildings of the Kansas Rolling Mill Company, which once occupied all the Turkey Creek valley near where Kansas City avenue now turns to the west, have disappeared one by one. The old mill once employed 1,500 men. It was built in 1875 for the purpose of working over old railroad iron. The village grew up around it. There were no street-car lines then to hurry the people of Rosedale to the business section of a big city nearby, and it was an up-hill drive to Westport, the closest place. So the rolling mill company had its store. The mill used to be one of the sights, and parties would drive out to see the redhot rails re-rolled. The railroads used iron rails in those days, and as they were worn down new ones were made by working old ones over. The mill also made stoves and other articles of iron in common use.
The mill proper closed in 1883, as a result of legal disputes among the members of the company. The old buildings stood idle for some time. Then part of them were torn down and others were moved across the tracks of the railway yards, and re-opened by the Kansas City Wire and Iron Works. The property has now been taken over by the Illinois Steel Company, which held a mortgage on the wire and iron works. The machinery has been sent to St. Louis. The old building is to be torn down and the ground fenced up.