New-York tribune., 1899-06-04

Freight -. $500 10000 1888. 1880 S166, $4,000
Passenger 3600000O 240,0O000 100000
Totals =. $3.50. 10000 s573. .3330O s2s6 e66.O0
Almost eight times more than sufficient to pay
the annual interest upon the First Mortgage
Bonds issued.
The American Equipment Company has taken
the contract from the Kansas City, Bonner
Springs & Topeka Ry to build the railway from
Kansas City 20 Topeka for an average price OF
$4,000 per mile, including bridges, end mas
agreed TO accept In payment therefor two thou.
sand acres Of land, together with the stock OF
the Kansas City. Bonner Springs e. Topeka,
Railway Company, and its First Mortgage Gold
Bonds Issued not to exceed $1,000 per mile, ana
guaranteed TO be a first mortgage on it's 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
10 indemnify the holder of such Bond for an
amount equal TO the face vclue 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 it's 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 10 terms and specifca-
tions.
With reference to the great commercial value
OF the Kansas City. Bonner Springs Topeka
Railway when in full operation no better evil
dence need be offered than the following let
ter from Messrs. John w Moore. President Kan
City Board OF Trade; L. NJ. Miller. President
Zenith Milling Co. and 6. 1: Brinkman rres,, ",
business men requested to report on the merits
of the enterprise.
KANSAS CITY. MO. April ist 1900.
President The American Equipment Company.
bsoom. interested i proata6!s enterprise. ". :, the
- Tee sn sn e ecre raway up he Kansas
Valley the City Of Topeka by the way Of Forest Lake M
First That the line projected by the Kansas City Bon
Topeka
has been I; nss the sns practical route
second That the territory through which this line VIII
an % ~ % per 5 snno 9 .S Sf So Os car as as'
ear % Ssss combined Of dairy and
products. rs such as Flour, Paper Merchandise. Etc,
entirely supply the cities of lawrence and Topeka with
A f6uS Ss ts 1Sd "Ss n by I'll.
lines now operating between these pOinIs g a~9s. as
City to the Mississippi ST Louis distance q
point and Topeka fact which is due 10 thsse cities
being located on the Missouri river the 6asns point
in 81. section .ot he COUNTRY. .~-','.
wherever required the same would command the major
sixth That conservstvely hgurng the bas. Of rates
can be safely put a; 10000 gross per annum or after
allowing the usual 6e cent for operating expenses
ssysPth Tha. the necessity s Gf such s for S
the earnings from thar viz The cities to
be connected have combined population Of 300 900 peo
the line Lawrence the seat Of the Kansas state Unlver
s s vest M Ns at @ other sna end sc. Which N" hne h but
constant travel between these cities afforded the
proper facilities.
Eighth That Forest Lake distance Of hfeen miles
from Kansas City and through which this road
Is the largest and convenient pleasure lake the
vicinity Of these cities, and which, without doubt. would
| be OF great commercial value 20 this enterprise.
Ninth That the picturesque and fertile valley thr$gh
which this line will would develop into susur
ban homes development which has been neglected BY
these cities for OF transportation facilities
Tenth. That from the passenger traffic existing
between these cities We figure conservative basis
the estimated earnings from traffic should be
$4,000 gross allowing &C cent for operating e1-
| penses Si20.OO0
Up all OF the above together with all
other circumstances connected with enterprise
we feel justified in recommending II 70 all who may
desire profitable investment provided the same s not
4 Bonded Stocked exceed $50 COO per mile.
| truly, JOHN ". MOORE.
| l. ". MILLER.
|