The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1899-06-01
Kansas City,
Bonner Springs
and Topeka
Railway Compang
Of KANSAS.

Passenger foperatng) ..............$ 24O, 0Ot
Passenger (neD sl2O, OOt
Iotal operating Observation-Disclosures. 573, 33s
Total net .......................... 1886, $3.50
Almost eight times more than sufficient
20 pay the annual interest upon the First
Mortgage Bonds now issued.
me American Equipment Company has
!aken the contract from the Kansas City,
Bonner Springs and Topeka Railway to
build the railway from Kansas City to
Topeka for an average price of $24, 900 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
and Topeka Railway Company, and its
First Mortgage Gold Bonds issued not to
exceed $4,000 per mile, and guaranteed
to be first mortgage on its completed
railway not to exceed that amount, free
and clear of all liens and claims what
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
EIuipg,snt Company has had executed.
aka emnitY Bond in fas1(o of the Kan
sasAny, BAnner Springs and Topeka
of its not being able to complete the road
between Kansas City and Topeka inside
of six months from the first day Of May,
A. D. 1892 according to terms and spec.-
fications.
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, ,presdeuL|
Zenith Milling Co., and G. L. Brinkman,
President Kansas City Milling Goa COM
mttee of business men requested to re-
port on the merits OF the enterprise:
KANSAS CITY, MO-, April /, 1890.
JAMES L. BROWN, ESQ,
PRESIDENT THE AMERICAN EQUIP
MENT COMPANY
DEAR SIR: At the request of various
parties desiring to 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 investiga tom
FIRST-That the line projected by the
Kansas City, Bonner Springs and To-
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 the
most productive in the United States,
yielding on an average per annum of D.
BOO carloads of Potatoes 1900 of Fruit. g.
900 of Stock, and almost as many car
loads combined of dairy and manurac-
tured products, such as Flour, Paper,
etc.
THlRD-That the Kansas City whole-
sale houses almost entirely supply the |
cities of Lawrence and Topeka with their |
provisions and merchandise.
FOuRTH-That the rate of freight |
charged by the trunk lines now operat- |
ing between these points Is almost as |
much as the rates charged by the same |
ines from Kansas City to the Mississippi |
liver or St. Louis, a distance of 800 miles,
)r five times the distance between the /
ame point and Topeka, a fact which is
lue to these cities not being located on
he Missouri river, the basng point des-
grated by all American railways for es-
rates in this section of the
ountry.
FIFTH-That for the foregoing reasons
We consider with the better facilities af-
orded by an electric line stopping
wherever required, the same would COM
nand the major portion of the traffic
Mentioned.
S1XTH-That conservatively figuring
n the basis of rates now charged, the
earnings from freight traffic
an safely be put at 100000 gross per an
UNI, or after allowing the usual So per
emit. for operating expenses, $1,000 net.
SEVElNTH-That the necessity of such
line for passenger traffic is apparent |
rom the following facts, which should |
ssure the earning from that source, viz:
he cities to be connected have a COM
ined population of 100000 people: To-
eka, the capital of the State, being at
the Kansas State University, in the
,ntre, and Kansas City. the metropolis
the West, at the other end; facts
hch cannot help but create constant
avel between these cities If afforded
lie proper facilities.
ElGHrH-That Forest Lake, a distance
fifteen miles from Kansas City, and
trough which the road passes, Is the !
rgest and most convenient pleasure
Ike in the vicinity of these cities, and
hich. without doubt, would be of great
value to this enterprise.
the picturesque and fer
lie valley through which this line will
ISIS would soon develop into suburban |
'mes, development which has been me-
ected by these cities for want of proper
facilities.
from the passenger traf-
now existing between these cities, We
,ure on a conservative basis the esti-
ated earnings from passenger traffic
ould be $3.50, 900 gross, or allowing &C per
mt. for operating expenses, $12O 900 net,
II summing up all tho above facts, to-
Their with all other circumstances con-
cted with such an enterprise, we feel
stifed in recommending 1t to all who
~ desire profitable inves ment, pro- {
ling the same is not Bonded and
1cked to exceed $4,000 per mile.
iours truly,
JOHN w. MOORE,
l.. NJ. MILLER, I
G. l.. BRINKMAN !
he following letter from Hon. W. s. .
wherd, Congressman and eX-Mayor of !
nsas City, Mo-, may be of interest:
)USE OF REL RF1S INTATIVES u. s., {
WASHINGTON, ID. c., May 3, 1899.
MES l.. BROWN, ESQ,
ESIDENT AMERICAN EQUIPMENT
NEAR SIR: have examined the r
tcment1, signed by Messrs. John w. :;
ore, l.. N. Miller and G. l.. Brinkman, u
KansasraCity, Mo. While am not q
to give an opinion of l
own as To- the value of the enterprise, a
10 know tAat the gentlemen whose Q
mes are mentioned above are men of s