The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-06-01

ACKNOWLEDGEMENTS. 120.OOO0O
Total $3.50. 1858 90
Almost eight times more than sufficient to
pay the annual interest upon the First Mort
The American Equipment Company has
taken the contract from the kansas City, Don.
Tp tx T Ey * su o1 tine nxs
price Of $4,000 per mile, including bridges.
and has agreed to accept In payment therefor
stock OF the Kansas City. Bonner Springs &
Topeka Railway Company, and its First Mort;
gage Gold Bonds issued not to exceed $4,000
per mile. and guaranteed to be first mort
gage on its completed railway not, to exceed
each Bond and signed by tho National Surety
S95ar NV s 12f oa ARISING or az to mn the
the face value thereof in default OF such being
In accepting the contract the American
Equipment Company has had executed an In
demnty Bond IN favor Of the Kansas City. Bon
f. deaS 81 n"t being abe 9 sG
complete the road between kansas City and
R to the erm 5s a anS
With reference to the great commercial value
OF the Kansas city. Bonner Springs Topeka
dSncS need S be oersd !ban the foo%ins letter
y osr1 Of r. Msr kfasai
Zenith Milling Co; and G. 1. Brinkman, Presi:
business men requested to report on the merits
OF the enterprise,
KANSAS CITY. MO-. April lst 1899
James L. brown ESD.
President TIL" American Equipment Company.
Dear sir the re 1uest OF various parties desiring
70 heS"Ig infested In hFoht"hle Enterprise We
merits ~ proposition to build electrlc railway
way of Forest Lake Bonner Springs and Lawrence.
reported As follows as the result of our investiga
rst. That the line projected by the Kansas City,
Bonner springs Topeka Ry.. and for which most
practicalro for an electric railway between these
second. That the territory through which this limo
will pass is Of the most productive in the United
s Sn an e fs Of Of
and almost as many carloads combined OF dairy and
man2ntact1rred products. such as Fionr' Paper,
Third. That the Kansas City wholesale houses al:
Topeka with their provisions and mere handse.
Fourth, That the rate Of freight charged by. the
trunk lines now operating between these pOintsis al
most much a. the rates chaged by the same lines
diStance If 300 miles, or hye times the distance be-
tween the same point and Topeka, fact which is
River, the basing point designated by all American
railways for establishing rates in this section of the
with the better facilities afforded by electric line
mani the major portion Of the traffic mentioned,
sixth That eonserya,ivey hgurinE on the basis OF
freSht ira M can he safely put at gross per
operating expenses siSS. 900 net
seventh That the necessity of such line for pas.
which should the earnings from that source.
VIZ: The ciues 70 b. connected hayea combined pop.
state being At ono end OF the line; Lawrence. the
seat of tn" Kansas state University. in the centre.
and Kansas City the metropolis OF the Vest at the
other end farts which cannot help but create con
slant travel between these cities IL Afforded the
Eighth, That Forest Lake. a distance Of nfteen
road pass, is the largest and most convenient
pleasure laSe IN ne vicinity OF these cities and
value TO this enterprise.
nss 4 The s and x6 6sTt9 ss ley
SSeiop int" sphnr61 n, homes deSelopmsa. which
Tenth, Tia, from the passenger trafac now exist
bas. The estimated earnings from. passenger tr.fac
should he sa"oOp gross. or. allowing 6I per cent.
in summing up all Of he above Owe facts together
with all other CIRCUMSTANCE connected with such
70 ali VINO may desire a profitable Investment. pro:
.ded the same is not Bonded and Stocked to exceed
$4,000 per mile. Yours truly, .,..
&. L. BRiNKMAN.
The following letter from the Hon. ". g.
Cowherd, Congressman. and ex-Mayor Of Kan
sas City. Mo. may be OF interest
HOUSE OF REPRESENTATIVES,. Q. 8.
WASHINGTON, d. C.. May Sd. 1899:
James L. brown. ESQ.,. President American Equip
@ hayS s5a%ned sss %sq s"s
Irlnkman Of Kansas city, No. While am not sui:
ncient!y posted to give an opinion OF my own to
the value Of the enterprise. do know that the gen
u"men whose names are mentioned above are men
'f the highest standing In this community, both for
r"r"nal Integrity and business iudgment Yours
respectfully, W. s. COWHERD.
The estimated cost Of constructing, the rail
Eoad over tho right OF wav secured by the
Kansas city. Bonner Springs 4 Topeka Ky Is
given in the following letter from Mr. W. II.
sta!naker, Chief Engineer Of that company
KANSAS CITY. Knns,, April Lat. 1899.
John W. McDanield Esd. President X. e., Is. S. Il
T. Ry.
Dear Sir AT your request ! submit IN reduced
form my estimate cost OF constructing the Kansas
City. Bonner Springs Topeka Ry., which in most
points agrees with the estimate furnished YOU by
Aessrs. Tnttlo Pike, the Kansas City engineers;
RoAlbed. Bridges and StatiOns.......$l ,O6O.OuO 90
Overhead Electric ConstructiOn........ 1S5,5"O 90
Power Plant steam and Water Power. 100000 90
Distributing Power Stations ......,... 25,OOu 90
Rolling stock and Equipment, 100000 on
lp'dl 'pl"lo'''o VIZ
The above estimate Is made on standard gauge
{Alroad with light grades. and suitable for heavy
fpcight trnthc we'll fast passenger trafc also
equipped 10 be operated 10y steam in the event OF in
Suficent water power. Yours truly,
W. H. STALNAKER, Chief Engineer.