New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-05

Totals . .SS6OOOOOO S573. 1880 $3.50 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 or
S24OOO per mile, including bridges, and mas
agreed to accept in payment therefor TWO tnou.
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 S15,OOO per mile and
guaranteed to be a 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 10 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,
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.. 1890. according to terms and specifca-
tons
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 w Moore. President Kan
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
n,oKAS sAs CITY. MO. April i't 1893.
President The american Equipment Company.
9sns 5i' FF'af' prohta5s ssP
undersigned were Gro en- 70 invessae the merit. Of
Valley the city Topeka the OF Forest Lake
s,1 Of sD Sa Hna reported as follows as the
First That the line projected by the Kansas City Bon
has been secured the only practical route
Second That the territory through which this line viii
. one of @ PER nHu G yG caf dsa
Potatoes. 1000 Of Fruit. 1000 Of stock. and almost
Ca. such loads a Ee
supply the the ss of and Topeka WITH
their provisions and merchandise;
lines now operating between these points Is almost a,
much as the charged BY the same lines from
300 miles or I'VE times the distance the same
bsnE f oca,eG Jag" Msso" Ss
Fi6 That tot The sSss9ips eon.iae. with
wherever required. the would command the major
sixth That conseryatIyey nsurns on the basis OF rates
now @ gs the @ Goo rr y from sh or sef
allowing the usual SO cent for operating expenses.
nq the s IF I'VE t %5s .os
assure the Earnings from that source VIZ The cities to
be connected have combined population Of 100000 peo-
the line Lawrence the the Univer
s IN the @ and kansas sc City Sb The on ms Ss b
constant travel between these cities afforded the
| proper facilities
Eighth. That Forest Lake, distance Of fifteen miles
convenient pleasure lake in the
vicinity cities. which, without doubt. would
| be of great commercial value TO this enterprise.
Ninth That the picturesque and fertile valley through
which this line will pass would develop into subur
ban homes. n development which has been neglected by
these cities for want Of proper transportation facilities
Tenth. That from the passenger traffic now existing
between cities figure a conservative basis
earnings from passenger traffic should be
$3.50 600 gross allowing % per cent for operating
| pens es, $4,000 net.
summing up all OF the above facts together with al
other circumstances with such enterprise
we feel justified In recommending all who may
desire profitable investment, provided the same is not
Bonded and Stocked exceed 10000 per mile.
Yours truly. JOHN W. MOORE
l. NJ MILLER
G. I. BRINKMAN.