Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1899-06-02

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 90
build tho railway from Kansas city 10
Topeka for an 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
and Topeka Railway Company. and It's
First Mortgage Gold Bonds issued not 20
exceed $4,000 per mile. and guaranteed
to be first mortgage on Its completed
railway not to exceed that amount, Tree
and clear OF all liens and claims what
ever, by certificate attached 10 each
Bond and signed by tho National Surety
Co, OF New York. agreeing to indemnify
the holder Of such Bond for An amount
equal 10 the face value thereon In default
OF such being tho case.
In accepting the contract the American
| Equipment Company has had executed
an Indemnity Bond IN favor Of the KAN
saa City. Bonner Springs and Topeka
Railway Company, for $lOO,OoQ In default
Of its not being able to complete the road
between Kansas city and Topeka Inside
OF six months from the first day or May,
A. D. 1899 according to terms ana speci-
/ ncations.
win reference 10 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 thu following letter from Aessrs.
/ John W. Moore, president Kansas cry
/ BOARD OF Trade; J.. n. Miller. president
/ zenith Milling Co, and G.. J.. Brnkman.
| President Kansas City Milling Goa COM
i mittee OF business men requested TO TO-
port on the merits OF tho enterprise
KANSAS CITY. MO, April 1, 1893.
! JAMES l.. BROWN, ESQ.
| PRESIDENT THE AMERICAN EQUIP
Rfl9NT COMPANY
/ DEAR air: At the request OF various
| parties desiring 10 become interested IN a
i profitable enterprise, We the undersigned.
i we're chosen TO investigate the merits OF
a proposltion to build AN electric railway
| up tho Kansas Valley to this city or To-
pekn by the way OF Forest Lake. Bon
1 ner Springs and Lawrence, reported as
/ Follows AS the result Of our investigation
/ FIRST-That the line projected by the
1 Kansas city, Bonner Springs and To-
| peka Ry. and for which most Of the
] rirht-0f-way has been secured, - the
only practical route Tor an electric rail-
| way between these cities.
| SpCOND-That the territory through
i which this line will pass Is one OF tho
i most productive In the United states
yielding on an average per annum OF o.
900 carloads OF Potatoes. 1000 OF Fruit 2
/ O0O OF Stock and almost as many car
Il loads combined OF dairy and manufac-
/ ture-d products. such as Flour, Paper
/ Merchandise. etc. ,,,... .-,.,.
n
II saio houses almost entirely supply the
II cities of Lawrence and Topeka with their
Il provisions and merchandise ,
II FOURTH-rhat the rate OF treign'
II charged by the trunk lines now operat-
Il ING betWeen these points d almost as
4 much as the rates charged by the same
lines from Kansas city 10 the Mlsslsslppl
river or ST. Louis, distance OF jo0 mites
or five times the distance between the
sarnc poiut and Topeka, a fact which is
due TO these cities not being located on
the Missouri river, the baslng point des-
ignated by all American railways Tor es-
tablishing rates In TINS secuon OF 'he
'J FIFfsH-That for the foregoing reasons
we consider with the better facilities ar
forded by an electric line stopping
wherever required, the same would com com.
mand the major portion OF the tramic
sIXTH-That conservatively figuring
on the basis OF rates now charged, the
estimated earnings from freight trani'
can safely be put al 100000 gross per an
mum, or after allowing the usual 80 pei
cent. for operating expenses, Sls6,Oo net
SENElNrH-rhat the necessity OF sucf
a line for passenger traiilc - apparen
. from the following facts, which should
assure the earning from that source, VIZ
The cities TO be connected have com
bined population OF 100000 people; To
} peka the capital OF the state being a.
, one end OF the line, Lawrence, the sea
, OF the Kansas State University, in thu
centre. and Kansas City. the metropolis
of the West at the other end; fact'
! which cannot help but create constan
p travel between these cities II afforded
the proper facilities.
! EIGHTH-That Forest Lake. a distance
! OF fifteen miles from Kansas CITY. an,
through which the road passes, Is Ia
largest and most convenient pleasur
lake IN the vicinity of these cities. an.
which, without doubt, would be of grea
commercial value 10 this enterprise.
NINrH-That the picturesque and fer
tile valley through which This line VII