New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-01


construction. The traffic from which II Is esti-
mated when in full work will yield as follows:
Freight s5oo G,Si' s$ SSs; $$s6o sleStSesoo
Passenger 36O,Oo0.0o 240O0OOo 100000
Totals sSGO,OOoOO $573 $500 $3.50. G66 90
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 per mile including bridges, and has
agreed 10 accept in payment therefor two thou
sand acres of land, together with the stock of
the Kansas City. Bonner Springs s. 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 It's com
pleted railway not TO exceed that amount free
and clear of all liens and claims whatever, by a
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
mcnt 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 10 terms and specifca-
tons
With reference TO the great commercial value
Of the Kansas City. Bonner Springs G. Topeka
Railway when in full operation no better evil
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, a committee OF
business men requested TO report on the merits
Of the enterprise.
KANSAS CITY. MO- April LIST. 1899
JAMES l. BROWN. ESQ,
Pssde9 The American Equipment COMPANY a..
sss. % "a r.. merit: Of
Valley to the City Of Iopeka by the way o. Forest Lake
result of investigation
srs That the line projected By the Kansas City Bon
IL an electric railway between these cities
eecond. That the territory through which this line will
e.; @; g: s.; s,$$S; ;:S Sc:
many car loads c5mbised Of dairy and manufsesursd
S a a {; s. Kansas y houses s .mo.
entirely supply the cities Of Lawrence and Topeka with
T6.i the rate q lrss.. charged by he .un.
much as the rates charged by
@ q the ., nrs e, r 81 81 % ss %
point and Topeka fact which is due TO these cities not
designated By all American railways for establishing rates
in this section Of the country M
ne better facilities afforded by electric line stopping
portion Of the trafnc mentioned '''~
Sh IS h spn OF sne teeb s
can be safely put az gross per s%hum or Ss
seventh That the necessity Of such line for
he from that source viz The cities
pe Topeka the capital Of the state being at one end OF
nc line Lawrence the seat Of the kansas state unyea
80 in ne ,b e;bsr end fsei which cannot ben hut
travel between these cities afforded the
Elgl,,h That Forest Lake. of fifteen miles
ron k5as G 1ne tsTDTs wh 9e, hs Gdo pa @
vicinity Of these cities and which without doubt would
greet yss to I ms s Tsev through
which this line will pass would develop into subur-
sse cities for Want of proper iransporfson fsciSs
Tenth That from the passenger ,raS now existing a I
The estimated earnings from passenger rafe should be
Sn.s s 100 or ne s0nS % per cent Tor
In summing up ali Of the above facts together with all
We feel justified in recommending It 10 all who
sued sbd Sucked e to exceed $1,000 per m mile
Yours truly, JOHN W. MOORE.
1 & N y! h hRlkkaAx.
The following letter from the Hon w: s Cow
herd, Congressman. and Ex-Mayor of Kansas
City Mo, may be Of interest:
HOUSE OF REPREsENTATIvEs. U.
WASHINGTON D. C., May Bird, 1890
President American Equipment Co.
@S Q, Kan Kansas city 80 While f' am ap not .acisny
90 that gem xaaf
Judgment Yours respectfully
The estimated cost OF constructing the railroad
over the right OF way secured by the Kansas
City. Bonner springs q topeka Ky. is given IN
the following letter from Mr. W. II. Stalnaker
Chief Engineer OF that Company:
KANSAS CITY. KASs.. April LIST 1889
JOHN W. M'pANIELD ESQ
my estimate cost Of constrcssng the Kansas CITY, Bonn
Springs a Topeka Ry which in mos, points agrees
PIKE the Kansas City engineers:
Roao-bed Bridges and stations. .si.osoocoeo
power Plant steam and Water Power. 100000
Rolling stock and Equipment. 10000 90
Total .......... .......... 81 $40 500 90
The above estimate is made on standard gauge rail-
RED win I'LL Ign % sen % for ais. sessy ss
y operated By steam in the Of water
power i0u'' wv W 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 aath. 1899.
iSA4 Trust a. o Sisn s. Louis Trust Company
St Louis Mo- s... .-.,,,,.
Desd m nar,icaIars connected with the Organization
Of the Kansas CITY Bonner springs Iopex x Ky Com
sins in order strictly in conformity With II: law.
Of Kansas under which this Company Is chartered
HH5ThIS%s KErLISoEE Aua,n.s.-
THE ST LOUIS TRUST COMPANY. OF ST.
LOUIS, MO, have accepted the Irusteesnlp IN
behalf of the Debenture Bond holders. by the
Deed OF Trust the complete mortgage is not TO
exceed S2000O00. which provides TOT uouoIe
track also any extensions necessary, anu the
trustees VIII not AlOW tHf snIu ltSHN~ -
come negotiable in excess Of $4,000 per mile OF
railroad deliver any part or sald bonds
until each mile covered by such amount is com
pleted and turned over 10 the Company Hee
and clear OF lien or any claim whatever
Copy OF the First Mortgage Bond - priniea
on the prospectus and certified copies of the
Deed Of Trust and letters shown In the pros
pectus can be at the Office Of the TRUST
COMPANIES heretofore mentioned as author-
lied 10 receive subscriptions.
The subscription list viii open MONpAr
June the 9Th. and close or before TUESDAY
the following week at twelve o'clock noon.