New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-05-31
Kansas City, Bonner Springs Z Topeka
Railway Company,
OF KANSAS.

Length of railway. IS miles single track under
construction. The traffic, from which IT Is esti-
mated, when in full work will yield as follows
Freight 600 s$$g s5%85sRSo s1eSs66soo
Passenger 36O0OO.OO 24000O00 100000
Totals .$s6O.OoOOO $573, 1890 $3.50. 666OO
Almost eight times more than sufficient to pay
the annual interest upon the First Mortgage
Bonds now issued
The American Equipment Company has taken
the contract from the Kansas City. Bonner
Springs & Topeka Ry. to build the railway from
Kansas City to Topeka for an average price OF
$4,000 pc mile, including bridges, and has
agreed to accept in payment therefor two thou
sand acres of land, together with the stock or
the Kansas City, Bonner Springs & Topeka
Railway Company and it's First Mortgage Gold
Bonds issued not to exceed $4,000 per mile. and
guaranteed TO be first mortgage on its com
pleted railway not to exceed that amount free
and clear of all liens and claims whatever. by
certificate attached to each Bond and signed by
the National Surety Co, of New York agreeing
to indemnify the holder Of such Bond for an
amount equal to the face value thereof In de-
fault Of such being the case.
In accepting the contract the American Equip
ment Company has had executed an Indemnity
Bond in favor Of the Kansas City. Bonner
Springs & Topeka Railway Company, for $780,
600 in default OF its not being able to complete
the road between Kansas City and Topeka In
side of six months from the first day Of May,
a. D., 1899, according to terms and specinca-
lions
With reference to the great commercial value
Of the Kansas City. Bonner Springs & Topeka
Railway when IN fuu operation no better eNl-
dence need be offered than the following let
ter from Messrs John W. Moore, President Kan
sas city Board Of Trade: L. NJ. Miller President
Zenith Milling CO.. and G.. L. Brinkman Presi-
dent Kansas City Milling Co. committee OF
business men requested to report on the merits
Of the enterprise.
KANSAS CITY. MO. April ist 1899.
rt resident The A@srsan Equipment Company,
Dear srAt the request Of various parties desiring to
interested h Pr0a%es sse be merits Ts iAs
proposition build electric railway up the Kansas
Hae TO the cry Of opeEa by the way 81 F9rss' aEe
result Of our inyeStisato9 49, 49,. ,,o... c,,,, 1,,
ner springs Topeka Ry and for which most OF the
I a esr ea 1s Peen bwee h ss Ss route
second That the territory through which this line will
Yielding on an aye1sge per s1n1m Of 1900 car loads Of
nany car ' sd combined Of dairy and
T4 T 1qG the Kansas ey %hoesae houses Amos,
entirely supply cities of Lawrence and Topeka with
Fourth That the rate Of freight charged by the trunk
much as the rates Charged by the me lines from Kansas
city to the Mississippi river or ST. Louis distance OF
point and Topeka fact which is these cities
designated by all American railways for establishing rates
F 's That for the f0reF6ng reason. we consider with
the better facilities AFFORDED by an electric line stopping
pdrSH Of T S %n0Hed ~ou' command the mayo"
sixth That o2nseyayey figuring on the basis Of rates
be safely put $4,000 per annum after
allowing the usual 6G per cent FOR operating expenses.
the necessity Of such line
assure the earnings from that source viz The cities
pe Topeka the capital Of the state being end of
sty in the centre and Kansas city the metropolis OF
the west at the other end facts which cannot help but
constant travel between these cities II afforded the
from Kansas CITY and through which this road passes
Is the largest and convenient pleasure lake in the
be Of great commercial value to this enterprise.
Ninth, That the picturesque and fertile valley through
| which this line will would develop into Subur
ban homes development which has been neglected by
tese cities for want OF proper transportation facilities
Tenth That , 9m the trao now existing So
$4,000 gross allowing sc cent for operating ex-
In up all OF the above facts together with all
gs feel in bd to all a Ts nS
Bonded sa and stocked to exceed $1,000 per mill
g. & T. \. B sRTEKMAx.
The following letter from the Hon. W S. Cow
herd. Congressman, and ExMayor Of Kansas
City, Mo. may be Of interest:
NV %AshlSdToS. B. C. May " srd l. 1900
President American Equipment Co.
Dear sir:-I have examined the statement signed by
Mss e. Kan Rs.S c Mo o MA Nf a% and not 6
to give an opinion oS Of own s to the value OF
are mentioned above Of the highest standing in
judgment. Yours respectfully. ,..,,.,,-..,,,
! The estimated cost or constructing the railroad
over the right Of way secured by the Kansas
City. Bonner Springs & Topeka Ry. is given In
the following letter from Mr.. w. H. Stalnaker,
Chief Engineer Of that Company:
KANSAS CITY. KANS. April 1st. 1899
JOHN w MPANIELB' Esg,r zv
Dear Pi'dfnt your request submit in reduced form
my TD of M %hh i S mos pns
n %itn ha estimate furnished you by Messfs futile &
PIKE the Kansas City engineers
Road-oed Bridges and stations ....... slo5o ooooo
Overhead Electric Constraction isS 5000
Power Plant steam and an Water Power lS9S9
Rolling stock and Eqpipment........... 25oOco CO.
Total Observation-Disclosures. 0lO $50 90
The estimate Is made standard gauge rail-
rafo well fast passenger tram: also equipped
P'"s'' " H sTALNAKER Chief Engineer
The Attorneys Of the Kansas City. Bonner
Springs & Topeka Ry. report as follows on the
issue Of Bonds now offered:
KANSAS CITY. KANs. April Path 1899
Trust oaicer St. Louis Trust Company.
Dear sire hereby certify we have carefully ex
amned All particulars connected with organization
Psny issue bonds made. ma every
Of Kans under np Which this company IS cSa ai ia;
= HtTcHIYGs ( KEPLINaER| Attorney.
; THE ST. LOUIS TRUST COMPANY. OF ST
LOUIS. MO. have accepted the Trusteeship in
! behalf Of the Debenture Bondhoders. BY the
. Deed OF Trust the complete mortgage is not tc
exceed S2,000,0oO, which provides for a double
track. also any extensions necessary, and the
Trustees will not allow the said Bonds TO be
come negotiable in excess Of $4,000 per mile OF
railroad. nor deliver any part Of said Bonds
until each mile covered by such amount is com
i pleted and turned over TO the Company free
= and clear Of lien or any claim whatever
Copy Of the First Mortgage Bond IL printed
l. on the prospectus. and certified copies OF the
Deed OF Trust and letters shown in the pros
: pectus can be seen at the Office OF the NV =
| COMPANIES heretofore mentioned as -
lied TO receive subscriptions.