New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-05-30

mated. when in full work will yield as follows:
Freight s,o GsSs' s$ SEs: Sso seS Ss6esoo
Passenger 360,OOO.OO 2400OO00 100000
Totals .$S6O.OOOOO S573. $4,000 S6666O0
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 average price of
$4,000 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 Topeka
Railway Company, and its First Mortgage Gold
Bonds issued not to exceed $4,000 per mile. and
guaranteed to be a first mortgage on its 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
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
ment Company has had executed an Indemnity
Bond in favor Of the Kansas City, Bonner
Springs & Topeka Railway Company, for $780,
900. 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 to terms and specifica-
lions.
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 ". 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. 1890.
ss The S 2 GsmDGpy
become Interested in profitable enterprise. the
proposition build electric railway up the Kansas
Valley to the City Of Topeka by the way Of Forest Lake
First That the line projected by the Kansas City Bon
o a eese eas %ay setwee he ee es route
Second That the territory through which this line will
R%s one one Ss Snn IN Ss Vp a osas
Potatoes 1000 Of Fruit 1000 Of STOCK and almost az
car SUE! loads a 4a and
Third That the Kansas CITY wholesale houses almost
their provisions and merchandise .-,
lines now operating these points is almost
much the rates charged by the same lines from Kansas
300 miles, or FIVE times the distance between the
point and Topeka fact which is due to these cities not
designated by all American railways for establishing rates
Fifth That fST the orss9ps reasons we consider with
the better facilities AFFORDED oy an electric me s'Vpphg
portion of the traffic mentioned
charged estimated earnings from freight traffic
allowing the usual 90 per cent for operating expenses
apparent from the following facts which should
the earnings from that viz The cities to
be connected have combined population Of 10000 peo-
pe Topeka the capital Of the state being at one end OF
tho line Lawrence the OF the Kansas State Univer-
sty. the and Kansas City. the metropolis OF
the other end facts which cannot help but
constant travel between h.se cities II afforded the
proper facilities.
Eighth That Forest Lake. distance OF fifteen miles
Kansas City and through which this road passes
is the largest and pleasure lake in the
vicinity these cities and which without doubt would
be Of great commercial value to this enterprise ..uA
Ninth. That the picturesque and fertile valley through
develop
ban homes a development which has been neglected by
cities for OF transportation facilities.
the passenger traffic existing
between these cities figure a conservative basis
estimated earnings from traffic should be
100000 allowing So cent for operating ex-
penses, 200
In summing UP above facts together with all
other circumstances connected with such enterprise
justified recommending 1t all who may
desire profitable investment provided the is not
Bonded and Stocked to exceed $50. 600 per mile.
Yours truly JOHN W. MOORE.
L. NJ MILLER.
@. I. BRINKMAN.