The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1899-05-31
Kansas City, sac"
Bonner Springs
and Topeka
Railway Company,
OF KANSAS.

ASt"A AsI $AoO 900
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 and Topeka Railway to
build the railway from Kansas City to
Topeka for an average price of 1924, 600 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 its
First Mortgage Gold Bonds issued not to
exceed $4,000 per mile, and guaranteed
to be a 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
S Co. 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 in favor of the Kan
sas City; Bonner Springs and Topeka
Railway Company for $1,000 in default
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. 1893, according TO terms and speci-
locations.
With reference to the great commercial
value of the Kansas city, Bonner Springs
and Topeka Railway when in full opera
tion, no better evidence need be offered
than the following letter from Messrs.
John w. Moore, president Kansas City
Board of Trade; l.. M Miller, president
Zenith Milling Co, and G. l.. Brinkman,
President Kansas City Milling GOA coma
mittee of business men requested to re-
port on the merits of the enterprise:
KANSAS CITY, MO-, April 1. 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 investigation:
FIRST-That the line projected by the
Kansas City, Bonner Springs and To-
peka Ry, and for which most of the
Tight-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 the
most productive in the United States,
wedding on an average per annum of 81
600 carloads of Potatoes, 1000 of Fruit, g.
loads combined of dairy and manufac-
tured products, such as Flour, Paper |
Merchandise, etc.
THlRD-That the Kansas City whole |
sale houses almost entirely supply the |
cities of Lawrence and Topeka with their |
provisions and merchandise.
FOU'RTH-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
lines from Kansas City to the Mississippi
river OF st. Louis, a distance of 800 miles,
or five times the distance between the
same point and Topeka a fact which is
due to these cities not being located on
the Missouri river. the basng point des-
gnated by all American railways for es-
rates in this section of the
FIIrTH-That for the foregoing reasons
we consider with the better facilities af-
Forded by an electric line stopping
required, the same would COM
nand the major portion of the traffic
mentioned.
SIXI'H-That conservatively figuring
IN the basis of rates now charged, the
earnings from freight traffic |
an safely be put at s5O0,O0O gross per an
lum or after allowing the usual 66 per
ent. for operating expenses. slG6,O0O net.
SEVENTH That the necessity Of such |
Hne for passenger traffic is apparent
rom the following facts, which should
ssure the earning from that source, viz:
me cities to be connected have COM
lined population of 100000 people: To-
eka, the capital of the State, being at
ne end of the line, Lawrence the seat
f the Kansas State University, in the
entire, and Kansas City, the metropolis
+ the West. at the other, cpd: facts
'hich cannot help but create constant
rave between these cities il afforded
he proper facilities. ,'iR ="
IDlGHTH-rhat Forest Lake, distance
t fifteen miles from Kansas City, and
Trough which the road passes, is the
irgest and most convenient pleasure
Ike in the vicinity of these cities and
-hich, without doubt, would be of great
value to this enterprise.
NINTH-That the picturesque and fer
lie valley through which this line will
ass would soon develop into suburban
Ones development which has been me- i
ected by these cities for want of proper !
facilities.
from the passenger traf- |
Q now existing between these cities, We
cure on conservative basis the esti- |
ated earnings from passenger traffic
lould he S3G0000 gross, or allowing 66 per
mt for operating expenses. $4,000 net.
In summing up all the above facts, to- |
ether with all other circumstances con- ,
'cted with such an enterprise, we feel
stiiied in recommending it to all who ! !
ay desire a prof table INVESTING pro-
ding the same is not Bonded and
ockcd to exceed 600 per mile.
Yours truly,
JOHN w. MOORE,
L. Nd. MILLER,
G. L.. BRINKMAN $
The following letter from Hon. w. s. i,
'wherd, Congressman and ex-Mayor of y y
ansas City, Mo. may be OF interest: :
TLn, J>Y,.rY lAyr,rx |