Evening journal., 1899-05-30
Kansas City,
Bonner Springs
and Topeka
Railway Company,
OF KANSAS.

Total net ACKNOWLEDGEMENTS. S3S6, 666
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 ana Topeka Railway TO
| build the railway from Kansas City to
| Topeka for an average price Of s2f 900 per
mile, including bridges, and has agreed
TO accept In payment therefor two thou
/ sand acres Of land, together with the
stock Of the Kansas City Bonner Springs
/ and Topeka Railway Company, and it's
First Mortgage Gold Bonds issued not to
/ exceed $4,000 per mile, ana guaranteed
/ to be FIRST mortgage on it's completed
railway not TO exceed that amount free
and clear Of an liens and claims what
i ever, 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 default
| OF such being the case.
| In accepting the contract the American
| Equipment Company has had executed
| an Indemnity Bond Ia favor of the KAN
| sas city, Bonner Springs and Topeka
| Railway Company, for 100000 IN default
| OF its not being able TO complete the road
| between Kansas City and Topeka inside
| Of six months from the mrst day OF May.
a. ID. 1899, according to terms and speci-
/ hcations.
with reference to the great commercial
| value Of the Kansas City, Bonner Springs
| and Topeka Railway when In full opera
ton, no better evidence need be offered
| than the following letter from Messrs.
| John w Moore president Kansas City
Board of Trade; l.. NJ. Miller, president
| Zenith Milling Co. and G. l.. Brnkman.
President Kansas City Milling Goa COM
| mittee OF business men requested to re-
port on the merits Of the enterprise:
KANSAS CITY. MO. April 1. 1899.
JAMES L. BROWN ESQ.
| PRESIDENT THE AMERICAN EQUIP
| All0Nr COMPANY
| DEAR SIR; At the request of various
parties desiring 10 become interested In a
profitable enterprise, we the undersigned.
were chosen TO investigate the merits OF
a proposition to build an electric railway
up the Kansas Valley TO the City OF To
peka, by the way OF Forest Lake Bon
ner Springs and Lawrence, reported as
follows as the result OF our Investigation
FlRST-That the line projected by the
Kansas City. Bonner Springs ana To.
peka Ry and for which most Of the
) right-of-way has been secured, is the
only practical route for an electric rail.
way between these cities.
SECoND-That the territory through
| which this line will pass is one OF tn,
most productive In the United States
yielding on an average per annum of D..
600 carloads Of Potatoes. 1900 of Fruit. g.
600 OF Stock, and almost as many car
loads combined Of dairy and manufac
tured products, such as Flour, Paper
1
THIRD-That the Kansas City whole
81 sale houses almost entirely supply th'
D cities OF Lawrence and Topeka with thei
provisions and merchandise.
FOOltTH-rhat the rate Of freigh
charged by the trunk lines now operat
8 ing between these points Is almost al
much as the rates charged by the sam
lines from Kansas City TO the Mississippi
d river or st. Louis a distance of 800 miles
e or hNe times the distance between tn
/. same point and Topeka. a fact which D
due TO these cities not being located OF
= the Missouri river, the basing point des
u ignated by AN American railways for es
r. taoishing rates In this section of tn
country.
I, FuFrH-That for the foregoing reason
u We consider with the better facilities af
II Iorded by an electric line stopping
/ Wherever required, the same would com
y mand the major portion Of the trani
, mentioned.
SiNrH-That conservatlvely ngurin
r on the basis OF rates now charged. IN
a estimated earnings from freight trami
, can safely be put at $500 O00 gross per an
y" mum, or after allowing the usual 66 pc
l. cent. Tor operating expenses Sl66O00 ne
sr SENHNIH-rhat the necessity Of sue
e. a line for passenger traffic is apparer
from the following facts. which shoul
~ assure the earning from that source. via
DR. The cities TO be connected have a con
al bined population of 30.0N people: II
4. peka the capital of the State being q
'e one end Of the line, Lawrence. the sea
of the Kansas State University, in al
centre, and Kansas City, the metropol
OF the West at the other end: facl
which cannot help hut create constaI
travel between these cities II a1ordC
the proper facilities.
BIGHrH-That Forest Lake, a dlstan,
IN OF fifteen miles from Kansas City. an
a. Through which the road passes is n
10 largest and most convenient pleasul
lake In the vicinity of these cities. ar
OF which. without doubt. would be Of gre.
IS commercial value to this enterprise.
NlNnH-rhat the picturesque and fe
tile valley through which this line vi
pass would soon develop into suburba
IN homes, development which has been n