New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-02

construction The traffic, from which it is esti-
mated, when in fu1l work will yield as follows:
Freight s5oo S5Ss, sSEs s Sso slesss6eoo
Passenger 3600oo.0o 24o,00o0o 100000
Totals $500. 10000 S573, $4,000 S2sG. $500
Almost eight times more than sufficient TO pay
the annual interest upon the First Mortgage
Bonds issued.
The American Equipment Company has taken
the contract from the Kansas City Bonner
Springs & Topeka Ry TO build the railway from
Kansas City 10 Topeka for average price of
$4,000 per mile, including bridges ana mas
agreed 70 accept in payment therefor two thou
sand acres Of land, together with the STOCK or
the Kansas City. Bonner Springs Topeka
Railway Company. and its First Mortgage Gold
Bonds Issued not 20 exceed Sl5,OoO per mile and
guaranteed TO be a first mortgage on its COM
pleted railway not 10 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
10 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 Indemnity
Bond in favor of the Kansas City Bonner
Springs & Topeka Railway Company. for 800
600 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'
tons
With reference to the great commercial value
OF the Kansas City Bonner Springs 4 Topeka
Railway when in full operation no better EVIL
dence need be offered than the following let
ter from hessrs. 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. 1900
Prssden. The American Equipment comPa3y ,..~,
wsfe o en- Rs merits
rYposbon build electric railway up the Kansas
to the city q ISPsk o hs way =, Of o fSTs 4: S b
First, That line projected by the Kansas citys Bon
Tor an electric railway between. these cities
second That me territory through which mis- Inc win
an az per sgno 81 1900 car E loads Of
Fsny car loads combined Of dairy and manufactured
ass gsh s ks6.. faef ou E. almost
ensE supply the cities Of lawrence and Topeka with
Fourth That freight charged BY the trunk
Lines new s bee same lines from Kansas
city the Mississippi river or ST Louis. distance Of
point and Topeka fact which due TO these cities not
designated BY ali American railways for establishing
Fifth That for the foregoing reasons consider
the facilities afforded by electric line stopping
gden Of Ifs ne r Mentioned 1as T0uu
sixth nst @ esnseS esnnss 0f FROM esht
can be safely put az 10000 gross per annum or after
seventh the necessity Of such line for
earnings from that viz The cities 70
Die psa the capital of the State being at one end Of
s iy IN the centre and Kansas CITY the metropolis
the other end: facts which cannot help but
travel between these cities afforded the
Eighth That Forest distance Of fifteen miles
from Kansas CITY and through which this road passes
Is he largest ana most % xs p s5Sb You'd
be Of great commercial value to this enterprise -,
line will w WHICH oq Sas df bse6 e By
these cities for want Of transportation facilities
Tpn ,6e ss' Gm Rs re Sa bas.
the estimated earnings from passenger trafe sh9nd Ire
$4,000 sSss 600 or ne e0""s % per cent '0'
In summing up all Of facts together with all
we feel JUSTIFIED in recommending It all who may
bonded sRd Stocked to exceed $4,000 per mile,
Yours truly, JOHN w; MOORE
G. l. BRTNKMAN.
The following letter from the Hon. ". S. Cow
herd. Congressman and Ex-Mayor Of Kansas
City, Mo, may be Of interest;
HOUSE. or REPRESENTATIVES,. L. $
WASHINGTON. D. c. May Bird, 1892
President American Equipment Co.
Ds1T s d have M examined ne SsI snS fsn aP
mar Of Kansas city. Mo While sufficiently
70 s % 0 know 1n s .. 1Se sen
community personal integrity and business
judgment. Yours respectfully o.ou,r,rzn
The estimated cost OF constructing the railroad
over the right of way secured by the Kansas
City, Bonner Springs Topeka Ry: is given in
the following letter from MT w II. Stalnaker,
Chief Engineer Of that Company:
KANSAS CITY KANs., April LIST 1899.
JOHN W, MDANIEL.D, ESQ.
Dear sir:-At your request submit, reduced form
spring: Topeka Ry which i mos, point: agrees
Pike the Kansas City engineers:
Road-bed Bridges and stations. ....... .sl05oOoooO
Power Plant Steam Steam and Water Power. 10000
fOck
Total ........ g. eiO 500 90
The above estimate is made standard gauge rail-
pad with light grades ana suitable heavy freieh,
traffic as well fast passenger uafhc also equipped
he operated by in the event Of insufficient water
power ioD'' w n. IL ,sTALNAKER, chief Engineer
The Attorneys Of the Kansas City, Bonner
Springs & Topeka Ry. report as follows on the
KASsAs CITY KANs April 24ih, 1889
lSAA Trust n o GS:si 81 Louis Trust Company.
Dear sir;-we hereby certify we have carefully ex-
q, ne kansas CITY, Bonner Springs & Topeka Ry Com
and me issue 1s s o. IN eonorm With tb law,
o9 Kansas under which this Company is chartered
HnTGH!SSSssSS KErLrNGEF' Attorney.
THE ST. LOUIS TRUST COMPANY, OF ST
r0ITIS MO- have accepted the Trusteeship in
behalf OF the Debenture Bond holders by the
Deed OF Trust the complete mortgage Is not 10
exceed So 600 900. which provides Tor double
.rack .aiso anv extensions necessary and the
trustees Will not allow the said Bonds 10 be-
come negotiable in excess of S15Oo0 per mile OF
railroad nor deliver any part OF salu bohos
until each mile covered by such amount rs com
pleted and turned over 10 the Company Hee
and clear OF lien or any claim whatever
Copy OF the First Mortgage Bono ~ printed
on he nrospectus and certified copies Of the
Deed OF Trust and letters shown IN the pros.
pectus can be seen at the Office OF the TRUST
COMPANIES heretofore mentioned as author-
ized TO receive subscriptions. >,r
The subscription list Will open MOND "a = !;
June the 9Th, and close on or before TUEsDAf
the following week at twelve O'Clock Ioo.- ~ tho