The Sedalia weekly bazoo. [volume] (Sedalia, Mo.) 187?-1904, 1892-12-06
IN GOOD SHAPE.
The N. K. & T., Reports Good
Business.

Yesterday the BAZoO made notice
of the annual statement of the NJ, X.
Il T. 1t was submitted by Mr.. Henry
{. Row>e. chairman and president, Is
an interesting document. 1t refers To
the two great works of extension being
carried out this year, the st. Lonis
line in Missouri and the Houston line
in Texas. Speaking Of the st. Louis
line the president says:
1.-The extension TO st. Louis, which
is the most important piece of con-
>truction inaugurated by the company,
has been prosecuted under an organi-
zation known is the Missouri, Kansas
and Eastern Railway company, formed
under the laws of Missouri To build Il
railway from the Missouri. Kansas and
Texas line at Boonville to 1t. Louis,
Ito miles, the line running into the
latter city under an arrangement with
the Chicago. Burlington and Quincy
Railroad company, using its terminals
for transfer To trunk lines centering
there. The construction of the line Is
already far advanced, and will he
completed early in 1893. To pro-
vide the means for construction
the Missouri, Kansas and Texas
company has guaranteed an Is
sue of 81, 200, 900 first mortgage ) per
cent bonds and $500, 900 second mort
gage ) per cent bonds, issued by the
Missouri, Kansas and Eastern railway
company. The general traffic man.
aver of the company estimates that
the Missouri, Kansas and Texas at
present gives To other compaeies
business for which the new line will
he made available, nearly sufficient in
itself to pay the guarantee incurred in
respect to the line. The increased
facilities which the parent company
will enjoy after the line to ST. Louis
is completed will he very great; and
the permanent relief from dependence
on rival lines which will follow is Of
the utmost Importance to the pros
perity of the company.
Figures of the earnings, expenses,
etc, have already been published.
The following extract from the report
will he read with interest The en-
press business has been heretofore con-
Quoted by the Pacific Express Com
panv, Il corporation operated IN the
Interests Of rival road, and the com
pany has experienced Il decrease of
revenues from this service. The ar-
.rangement with the Pacific Express
Company. has, therefore been ter
minated ami Il new contract To take
effect February |, 1898, has been
made with the american Express
Company. The minimum annual net
revenue guaranteed Ia the company
by the American Express Company
under their contract Is nearly s6O, 900
i'll excess of the receipts derived from
the express business last year, and it
j. confidently expected that the re-
ttsiJt- lrbii tll~ -buitt VIII tFthlusutN
be doubled
1t is not to he disguised that the re-
>toration of this great property to the
control of It's shareholders after it had
been for many wears practically
wreste.l from them has exercised an
important influence adverse to certain
railway interests which formerly de-
rived important and unjust advantag-
e. by control Of this line, hut the ex-
perience of the present management
has convinced them that the inherent
advantages nj the Missouri, Kansas
and Texas company are constantly
strengthening its ability To resist at
tack or meet competition from what
ever quarter. 1t is steadily and rap
idly approaching a position i'm regard
to physical condition, traffic alliances
and Independent facilities for trans
acting its business, which will place it
in the front rank of railway corpora
tons i'm the southwest, and will afford
credit and security for all its under
takings.'