Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1899-06-02
Kansas City,
Bonner Springs
and Topeka
Railway Company,
OF KANSAS.

Almost dght times more than sunicient
90 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 aud Topeka Railway 60
build the railway from Kansas CITY tu
Topeka for an average price OF $4,000 per
mile, Including bridges, ana has agreed
20 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.
First Mortgage Gold Bonds issued not 10
exceed $4,000 per mile. and guaranteed
to- be a first mortgage on ITS completed
railway not to exceed that amount. tlco
and clear Of an liens and claims what
ever, by certificate attached tu eaNh
Bond and signed by the National Surety
Co. OF New York. agreeing 90 indemnify
the holder of such Bond Tor Am amount
equal TO the face value thereof In default
OF such being tho case.
I'm accepting the contract the American
Equipment Company has had executed
an Indemnity Bond in favor of the KAN
sas city. Bonner Springs and Topeka
/ RAILWAY COmnany. for 500 coo, fra default
OF its not being able TO complete the road
between Kansas city and Topeka inside
of six months from the nrst day Of May
A. ID. lSe9 according to terms and spool
locations
with reference 10 the great commercial
value of tho Kansas city. Bonner Springs
| and Topeka Railway when in tul opera
/ ton no better evidence need Dee offered
/ than tho following letter from Mtssrs,
/ Iohn w Moore. president Kansas cry
/ Board OF Trade; T.. NJ Miller, president
Zenith Milling Co., and @. T. Briukman,
/ President Kansas city Milling Goa com
! mittce of business men requested 10 TEE
port ON the merits of the enterprise;
KANSAS CITY, MO. April /, 1899.
JAMES l.. BROWN. ESQ,
| PRESIDENT THE AMERICAN EQUIP
MINT COMPANY
DEAR SIR. AT the request OF various
parties desiring to become interested 10 a
/ profitable enterprise. wa the undersigned,
i were chosen to investigate the merits OF
| a proposition 10 build an electric railway
up the Kansas Valley 10 the city OF TO-
| pcka. by tho way or Forest Lake, Bon
ner Springs and Lawrence. reported as
| follows as the result Of our investigation
| FTRST-That the line projected by the
| Kansas city. Bonner Springs ana To-
] pelSa Ry.. and for which most or the
Il ripht-Of-way has been secured, Is the
only practical route for an electric rail-
| vav between these cities.
! sECOND-That the territory through
\ which this line will pass Is one Of tho
most productive IN tne Inlteu ga
i Welding on an average per annum of o.
/ s0O carloads Of Potatoes, 1000 OF Fruit p
OoO Of sock and almost as many car
i loads combined OF dairy and manuiac-
tured products. such as Flour Paper
THIRD-That the Kansas City whole
sale houses almost entirely supply the
4 cities of Lawrence and Topeka with their
4 provisions and merchandise.
FOuRTH-That the rate or freight
/ CHARGED bv the trunk lines now opera
N ing between these points ls almost as
much as the rates charged by the same
lines from Kansas cry 70 the MISSES pp'
river or St. Louis. distance OF 800 niles
or five times the distance between he
same point and Topeka, fact which Is
due to these cities not being located OF
the Missouri river, the passing point des'
ignated by an American railways Tor es-
tablishing rates In this section OF the
YFiFTSH-That for the foregoing reasons
( we consider with the better facilities ar
, forded by an electric line stopping
Wherever required. the same would com
mand the major portion Of the traffic
sIXTH-That conservatively figuring
) | on the basis OF rates now charged, th'
. estimated earnings from freight traffic
. can safely be put at 100000 gross per an
, mum. or after allowing the usual 90 PEI
cent for operating expenses, Al5bVyO net
SENBNTH-That the necessity of sucl
a line for passenger traffic Is apparen
Z from the following facts, which should
I assure the earning from that source, VIZ
The cities to be connected have com
p blned population OF 30O,Oy0 people; TO
; neka the capital Of the State. being a
z one end OF the line, Lawrence, the sea
2 of the Kansas State University, IN IN
centre, and Kansas city. the metropolis
, OF the West, at the other end; fact
1 which cannot help but create constan
, travel between these cities II AFFORDED
the proper facilities.
e EIGHrlI-That Forest Lake a distanc
Y of fifteen miles from Kansas City an
. through which ,he road passes. is IA
largest and most convenient pleasur
|. lake in the vicinity OF these cities. an
which. without doubt, would be OF grea
commercial value to this enterprise.
E NINTH-That the picturesque and fcI
tile valley through which this line vi