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RAILWAY AND INDUSTRIAL
SECTIO N
O*
THK
C ommercial & F inancial Q hronicle,
Entered according to A otof CongreaH in the year 1908, bv W illiam B. D ana Company, In the office of Librarian of Oongrens, Washington, D. O
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S e c t i o n .
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THE
MASSACHUSETTS COMMERCE
INDUSTRY REPORT.
AND
Massachusetts has always given a great deal of»
attention to the regulation of its corporations, although
this regulation has differed from that of other States
quite widely, because it has been performed by ex
ceptionally capable men, who have, in general, had a
broad outlook for the best interests of the State. Mis
takes have been made, however, and have been particu
larly apparent in the outworking of the law regulating
the new output of securities by public service cor
porations. This law, generally known as the Anti
Stock-Watering Act of 1894, provides that whenever
a steam railroad, a street railway, or a gas, electric
lighting, aqueduct, water, telegraph or telephone
company increases its stock by an issue exceeding 4%
of the existing capital stock, the amount necessary for
the contemplated purpose shall be offered to share
holders at its market value at that time, as determined
by the Board of Railroad Commissioners; taking into
account previous sales of stock of the corporation and
other pertinent conditions; any shares not subscribed
for to be sold at public auction, but no share to be
sold or issued at less than par. Of course the effect
of this kind of an enactment has been almost to
prohibit large increases of capital, since there was no
particular inducement to subscribe to issues of new
stock selling at the same price, above par, that the
old stock was selling at.
P
R
I L
2 8 ,
1 9 0 8 .
N o .
2 2 3 5 .
The feeling throughout the State gradually became
widespread that while this law effectually prevented
stock watering, it also effectually handicapped industry,
and was a menace to commercial welfare. In the
summer of 1907, therefore, a commission was appointed
by the State Legislature to find out whether this law
or some other thing was opposing the material develop
ment of the State. It was provided that the Commis
sion should investigate the present condition and
future possibilities of investment in the commonwealth
and that it should include in its scope transportation,
manufactures, industries, the effect of the relations of
capital and labor or of local or State legislation upon
industries; in fact, it was authorized to pursue what
ever line of investigation it chose bearing upon indus
trial development in Massachusetts.
The Commission was originally required to report in
January 1908, but its time was subsequently extended
until March— a total period of but little more than
eight months in which to carry out the seemingly
unlimited work assigned to it by the Legislature.
Realizing how brief their oppoAunity was, the Com
mission therefore endeavored at once to ascertain
which special branches of investigation would best
repay them. The}r found that the State, in accordance
with its time-honored custom, had a number of other
outstanding committees at work on various industrial
questions affecting public welfare, and, after a brief
survey of the general industrial situation, the Com
merce and Industry Commissioners decided to special
ize on two very important questions. One of these
questions was the working expediency of the Anti
Stock-Watering law; the other was the expediency,
from the standpoint of the State of Massachusetts, of
allowing the New York New Haven & Hartford to
control the Boston & Maine. The report on these
subjects, which was made public late in March, is
very well deserving of attention, because it takes
hold of two big and difficult questions, much obscured
by popular clamor, in a thoroughly scholarly manner,
and draws conclusions and makes recommendations
which apply not to Massachusetts alone, but to every
State in the Union in greater or less degree. The fact
that Charles Francis Adams was a Commissioner is
alone enough to dignify the report, because Mr.
Adams’s methods of studying transportation problems,
6
RAILWAY AND INDUSTRIAL SECTION
like those of the late Albert Fink, are so lucid and
so intelligent that they always deserve wide publicity.
The conclusions of the Commission on the Anti
Stock-Watering law can be noted in brief form. The
Commission finds that when the State prescribes a
price above par as the minimum basis on which new
stock can be offered, it thereby puts itself in an im
possible position with regard to any subsequent efforts
to determine what a fair rate is upon investment, and
thereby impairs the effectiveness of the control which
it can exercise in regulating thq service to be furnished
by the corporation. The Commission points out that
the declared object of keeping down the amount of
shares is that a larger portion of the profits which
might otherwise be paid out of dividends shall be
applied in reducing rates or in improving service, but
it calls attention to the fact that the Anti-Stock
Watering law defeats this object. The moment the
State might demand an application of profits and
insist that the rate of dividends be reduced in order
that the demand be complied with, it would be met
with the proposition that the rate of dividend should
be determined not by reference to the par value of
stock, but by reference to the higher price which the
State itself had prescribed as a minimum, and this
proposition, the Commission says, would be reason
able, since it would be ‘ ‘little short of bad faith” for
the State to forbid a sale below a stated price and then
refuse to recognize that price when it attempted to
regulate dividends.
But the Commission subsequently takes a position
equally clear with regard to dividend regulation. It
says distinctly that the public service corporations
are in a quasi-partnership with the State and are al
lowed to receive all profits but are required to charge
such tolls and furnish such services as the public may
reasonably demand. It believes, therefore, that it is
at the point of tolls and services that the public interest
should be protected and public control should be
applied, and so long as tolls and services are satisfac
tory, it holds that the State should not limit the profits
of the railroads, sincq it is always for the interest of
the public to have railroads prosperous, and an unsuc
cessful company is a poor public servant.
Taking all these considerations together, the Com
mission finds that the Anti-Stock-Watering law of
1894 has worked badly so far as steam railroads are
concerned, and apparently is doing no good in street
railways. It finds that capital has been kept away
from the legitimate enterprises of the State by the
requirements of the law, and it places unmistakable
emphasis on the point of view that the concern of the
public with what a railroad earns is very slight, whereas
its concern with what the railroad does is very great—
and so long as its charges are not unreasonable and its
service is satisfactory, the more it earns, the more
it is likely to do.
The proposed merger of the Boston & Maine with the
New York New Haven & Hartford is viewed in the
same broad spirit. It will be recollected that the
New York New Haven & Hartford announced early in
1907 that it had secured 109,948 shares of the common
stock of the Boston & Maine out of the total issue of
302.928 shares. Public opinion in Massachusetts and
particularly in Boston was much aroused by this
announcement. The citizens had vivid in their recol
lections the unsatisfactory results following the change
|V o l .
l x x x v i.
of ownership of the Boston & Albany. They saw in
the proposed merger only the formation of a giant
power that would be hostile to the best interests of the
State, and their attitude, in and out of the State Legis
lature, was very bitter. A law was passed forbidding
the New York New Haven & Hartford to acquire any
more Boston & Maine stock, and forbidding it, prior
to July 1 1908, to vote the stock which it already holds,
or to exercise before that date any control of the
Boston & Maine. Meantime, an anti-merger party
entered the political field and polled a large vote in
the fall elections.
The Commission on Commerce and Industry views
this turbulent situation with great calmness. The
Commissioners say plainly that it did not seem wise
to go about collecting expressions of uninformed
public opinion, but rather to find out what the situa
tion really was, and what ought to be done. They
remind an excited public that the question how the
New York New Haven & Hartford can be punished is
really not vital— the important thing is to determine
whether or not the merger will be good for Boston and
for the State of Massachusetts. The Commissioners
find that the Boston & Maine is greatly in need of
rehabilitation and has been persistently blocked in its
efforts to bring this about because of the fact that its
stock sold far above par and the Anti-Stock-Watering
law prevented the issue of any considerable amount
of new securities on a basis that would attract invest
ors. They find it encouraging that the New Haven
company, in the full tide of successful operation,
should desire to take hold of the Boston & Maine.
They find no conspicuous advantages in the present
situation which depend on the existing separation
between independent roads, and, although they ap
parently accept as a general rule the principle that
competing railroads must not be allowed to combine,
they believe it would be a misuse of the rule to apply
it to two railroads because of a certain incidental and
comparatively insignificant competition between them,
when their essential character is that of independent
carriers, the community getting no benefit from com
petition between them which affects appreciably the
situation as a whole. So far as the union of independ
ent connecting roads into one system is conerned, the
Commissioners point out that the present Boston &
Maine Railroad system is built up of what were origin
ally 126 separate railroad corporations, and that the
New York New Haven & Hartford system is construc
ted out of about 130 members. The Commissioners
believe that the*two railroad systems would find their
highest efficiency, from the standpoint of operation,
maintenance and strategic position if handled as a
single unit, and they are not at all frightened by the
monopoly bugaboo.
There is another side to the question which is
brought out clearly, although it has been ignored in
the campaign of hostility against the merger. Suppose
the New Haven company be required to sell its Boston
& Maine holdings; what then? The Commissioners
are curious about the disposition of 109,948 shares of
stock in such a contingency, and point out that the
stock cannot properly be permanently short of its
voting power, nor can the several individuals who
sold it be compelled to take it back and return the
price. The alternative is the forced sale of a-block
of more than one-third of the entire Boston & Maine
A
pr
., 1908.]
R A IL W A Y
AND
IN D U S T R IA L
capital stock; a sale which would seriously damage
the property of the other stockholders, would prevent
any new issue of stock for a considerable time, and
would give this working control of the property out
right to the highest bidder, no matter how remote his
interest might be from those of the citizens of Massa
chusetts.
Apart from all the theoretic advantages of
consolidation which the Commission brings forth, this
very practical difficulty which would attend a success
ful effort on the part of the State to break up the
consolidation seems insuperable.
After a rather elaborate discussion of a number of
involved points, the Commission, therefore, recom
mends that the New Haven company be permitted to
keep its Boston & Maine stock and vote on it, condi
tional upon its acquiring additional stock in exchange
for its own shares until July 1 1909, and it qualifies
these recommendations by suggesting only that the
Commonwealth of Massachusetts be allowed to main
tain substantially the same kind of supervision over
the Massachusetts properties that it has always done
before. The question of the ownership by the New
Haven road of 565 miles of Massachusetts street rail
ways under the separate corporate title of the New
England Investment & Security Co., is also considered,
and the Commissioners take a stand perfectly consist
ent with their attitude toward the Boston & Maine
merger. Thejr find, that is to say, that the Common
wealth cannot very well confiscate the street railway
shares, and that if it requires them to be sold, it is
certain to run into greater difficulties than it is leaving
behind it. The Commission finds that it is the settled
policy of the State to permit consolidation of street
railways among themselves, and although the law now
forbids a combination of management between steam
railroads and street railways, it does not believe that
this is a settled policy. It suggests, therefore, that the
New Haven company be required, as a condition of its
acquiring control of the Boston & Maine, to transfer
the Massachusetts street railway shares which it holds
or controls to a new corporation formed for the purpose
under the supervision of the Board of Railroad Com
missioners. It is believed that this would permit the
State to deal either with the steam railroad or the street
railways in a more simple and direct manner than at
present, and that final disposition of the street rail
ways would thus be postponed until the question lost
some of its newness and could be treated in its relation
to some form of permanent policy.
Thus the Commission takes up, one after another,
three very difficult questions that have puzzled the
people of Massachusetts for years, and finds a solution
for them all by insisting that the idea of punishment
be left out of new legislation entirely, and that the
State find ways to benefit its own commerce and in
dustry instead of devoting its best energies to revenge
for supposed misdeeds by its corporations. In a
word, the Commissioners lay great stress on the point
that the interests of a commonwealth and of its cor
porations are identical and not opposed. Of course
this is the attitude with which the great and growing
corporation questions of the present day will have to
be solved. The strange thing is that it has not
occurred to any State but Massachusetts that these
questions may, perhaps, not belong properly to the
domain of politics, but are worthy of a little expert
study on their own merits.
7
S E C T IO N .
PASSENGER TRAFFIC IN
DULL
TIMES.
The action of freight traffic in the drag years follow
ing panics is pretty well understood and can be pre
dicted with considerably accuracy. Railroad freight
traffic depends directly upon crop movement and the
output of mines, mills and factories, and when crops
are bad or there is a sudden cessation of the demands
for manufactured articles, freight traffic and freight
earnings follow industrial conditions closely; but the
same thing cannot be said of passenger traffic. Al
though the passenger business has its periods of pros
perity and of depression, and although these corres
pond in general to the prosperity or depression of
the country at large, the connection between the two
is not quite so direct, and secondary influences figure
to so great an extent that have given quite different
turning points to the curve of passenger traffic from
those which the curve of freight traffic has followed,
in the development of the country.
In times of severe commercial depression, pleasure
traffic falls off with extreme rapidity. On the other
hand, there is a certain proportion of what may be
called necessity traffic in the business of a railroad
which scarcely feels depression at all, and the pro
portion which this stable traffic bears to the unstable
traffic is the thing which determines the way passen
ger earnings on a given road are going to stand up in
hard times. A clear and easy illustration of this
principle is found in street railway operation. Out
of a group of 52 representative street railways in
the United States and Canada, the returns of which
for the latest reported month in 1908 are directly com
parable with the returns for the same month of 1907,
47 showed increases this year and only five decreases;
and the interesting part about this return is the fact
that the increases are not confined to the city lines.
The interurban lines show up fully as well, demon
strating that they have gotten themselves securely
in the “ necessity-traffic” class, or else that their
passengers are called upon to pay such small sums
in proportion to the advantages they derive from
the service that they exempt interurban travel from
their economies. Out of 194 electric roads reporting
earnings for the 1907 calendar year, including two
depression months, all but 22 showed better results in
1907 than in 1906, and the aggregate gain was 10.95
per cent (‘ ‘ Chronicle” April 1 1 ).
The suburban and commutation travel of a steam
railroad of course finds the same conditions. There
is no important change in commutation to near-by
points in periods of depressed industry, and in some
cases this near-by traffic is increased. For example,
during this past winter there was a very great falling
off in the Florida traffic, which has risen exceedingly
rapidly within the last five years, but there was a
substantial gain in the traffic to the New Jersey
coast resorts, indicating that a good many people
worked this last winter who had been accustomed to
taking winter vacations in the South, or else that
they took their vacations to near points instead of
distant ones, from motives of economy.
In comparing the passenger movement following
the 1907 panic with that following the other principal
panics in this country, only fragmentary returns for
the current period are as yet available, but it is ap
parent, that along with the development of the country
8
R A IL W A Y A N D
IN D U S T R IA L
and the increase in the density of population, passen
ger traffic is gaining in stability, and necessity traffic,
or traffic which will move anyway, whether the times
be good or bad, is taking constantly a more important
place. By way of illustrating this tendency it is
interesting to see how passenger and freight traffic
acted in the years following 1893, 1884, 1873 and
1857. The year 1893, from the standpoint of the
railroads, gave high traffic records, since the depression
did not influence the annual returns until after June 30.
In 1894 freight traffic had fallen off 13 per cent,
and passenger traffic only 11 per cent.
In 1895
freight traffic was off 8 per cent from 1893, while
passenger traffic was off 16 per cent. The year 1897
was a disastrous year for passenger traffic, and the
movement on a group of carriers comprising almost
the entire mileage in the country was 18 per cent
below that of 1893, whereas freight traffic in 1897
showed a gain from 1896, and in 1898 freight traffic
was greater than it was in 1893; after that it went
on by leaps and bounds. Passenger traffic on the
other hand did not catch up to the 1893 figure until
1900. Unfortunately for historical purposes, this
comparison is greatly damaged by the fact that the
Chicago World’s Fair created an amount of passenger
business in 1893 which was quite unheard of until
that year, whereas in freight traffic its effect was
almost negligible; consequently the passenger traffic
drag, while bad enough in all conscience, was not
quite so bad as it looked.
Special traffic circumstances did not affect the
passenger business so materially in 1884 and the years
following— a period of depression more resembling
the present one than 1893 resembled it. Passenger
traffic, falling off from the high record of 1883, was
only one-fiftieth of 1 per cent smaller in 1884, whereas
freight traffic was 7M per cent off. In 1885, passen
ger traffic was 2.4 per cent below 1883, while freight
traffic was 5 2-5 per cent off. In 1886, both freight
and passenger traffic exceeded that of the previous
banner year of 1883, but passenger traffic made the
more rapid proportionate gain.
In the long drag following 1873, freight traffic fell
at once, being 2.4 per cent below 1873 in 1874; 6.4
per cent below 1873 in 1875; 7 per cent below in 1876,
and 10.6 per cent below in 1877. Passenger traffic
however, passed the 1873 record in 1874 and also
in 1875, and did not fall below it until 1876 (curiously
enough, since this was another great exposition year).
It never got much more than 9 per cent below the
1873 figure, as compared with the 10.6 per cent freight
decline mentioned above. In the recovery, passenger
traffic came up first and showed a new high record
in 1879; freight traffic did not pass the 1873 level until
1880, but then and thereafter went much higher and
much faster in proportion than passenger traffic
did.
It is impossible to produce figures for any important
grouping of the mileage of the country in 1857 and
the years of depression which followed, but the in
S E C T IO N .
[V O L . L X X X V I.
stance of a few notable roads will serve very well.
The New York Central is particularly well adapted
for comparative purposes because it was not a bene
ficiary of war-time traffic to the extent that the
Pennsylvania was, for example, after 1860.
In 1857 the roads of the country made new high
records. In 1858 they were hard hit, freight traffic
on the New York Central falling off 19 per cent and
in 1859 falling off 23 per cent from the 1857 record.
Passenger traffic fell off 17 per cent on this road in
1858 and thereafter made slight gains from the 1858
low mark in 1859 and 1860, although it did not
pass 1857 until 1863. But freight traffic went beyond
the previous high year in 1861 and thereafter gained
very fast.. In 1863 the gross income derived from
freight traffic was considerably more than double
that from passenger traffic, while in 1857 it was less
than one-fifth greater. On the Pennsylvania Rail
road, however, gains from freight and passenger
traffic alike showed steady gains through all the
years belonging in the drag following 1857, and the
road had no recession in passenger business until
1866, when it was affected by conditions having
no reference to the 1857 depression. The Erie followed
more closely the results of the New York Central
during this period, although it felt the depression
more severely, particularly in its passenger business.
But here again a special circumstance damages the
conclusions to be gathered from the statistical traffic
results. Freight traffic recovered much more quickly
than passenger traffic did in this period of depression,
but that was primarily because the Civil War period
was mixed in with the recovery from the depression
and its influence was, to some degree, beneficial to
freight traffic, while it was very bad for passenger
traffic.
So far as it is possible to draw conclusions from
these figures, they show that passenger traffic feels
depression more slowly than freight traffic does
and recovers more quickly; that its stability tends
to increase greatly with increases in population,so
that it may be said to depend more on population
than on business conditions, and that the fluctuations
in its curve of increase and decrease are less radical
than those found in the freight traffic curve. The
most important figures for the present time are those
furnished by the interurban electric lines, since no
separation has yet been made for the current period
of freight and passenger earnings in the published
returns for any considerable number of steam rail
roads. No comparison with previous periods of de
pression is possible here, because interurban develop
ment along its present lines is only about fourteen
years old and does not extend back of the 1893 de
pression. So far as city street car lines are concerned,
however, the results in 1894 were a good deal like
those we are seeing this year; most of the companies
showed increases over^the previous year, although
these increases did not average quite so great as those
of a normal year.
R A IL R O A D
C O M P A N IE S .
FOR MISCELLANEOUS COMPANIES SEE PAGES 150 TO 177, IN C L U S IV E .
E X P L A N A T O R Y — T h is S u p p le m e n t Is e x p re ssly Inten ded fo r u se In c o n n e c t io n w ith th e In v e stm e n t n ew s a n d o ffic ia l renortsnnhiish^H t
w e e k In th e “ C h r o n ic le ."
F re q u e n t re fe re n ce Is th e re fo re m a d e t o th e v o lu m e an d p a g e o f th e “ C h ro n icle ” (as V . 7 4 , p . 000) w h e re fu lle r In fo rm a tio n
m a y he fo u n d .
F o llo w in g also each sta te m e n t Is g iv e n a re fe re n ce t o th e la te s t n ew s Item In th e “ C h ro n icle ” re sp e ctin g th e c o m p a n v
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A n nuT l r c n o r t ^ Z
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So
ait
v IB k
G u — E q u ita b le T ru st
U sm — U S M o rt & T r u s t Co 1C — Illin ois T ru s t & S a v B k
F — F a rm ers’ L o a n & T ru st
A1C— M e rch a n ts’ L o a n & T r
0 — G u a ra n ty T ru st
BALTIMORE—
NC — N o rth e rn T r u s t
K — K n ic k e r b o c k e r T ru st
C — R o y a l T ru st
Ala— M a n h a tta n T ru st
BBa — B a lt T r & G u a ra n ty
C — U n io n T ru st
Me— M erca n tile T ru st
CoBa — C o n tin e n ta l T ru st
W C — W e ste rn T r u s t
Mo —-M orton T ru st
PBa — F id e lity & D e p o s it
LOUISVILLE—
Mp — M etrop olita n T ru st
MBa — M arylan d T r u s t
R C L — C o lu m b ia F in a n ce & T r
N — N ew Y o r k T ru s t
A\eBa— M e rca n tile T r & D e p F I — F id e lity T r & S a fe ty V
S — Stan d ard T ru st
SBa — S afe D e p & T ru s t Co L L — L o u is v ille T ru st
B
BOSTON—
A B — A m e rica n T ru st
BB — B o s to n S afe D e p & T r
IB — In te rn a tio n a l T ru st
NB — N ew E n gla n d T ru st
P H IL A D E L P H IA —
FP — F id e lit y T ru st
G P — G irard T ru st
G u P — G u a ra n ty T r & S D ep
P I P — P r o v id e n t L ife & T r
P e P — P e n n C o f o r In s u r o n
..._
_ L iv e s & G r A n n
W P — W est End T r & S D
OB — O ld C o lo n y T ru st
SB — S ta te T ru st
ST LOUIS—
A\St— M ississippi V a lle y T r
SSt — St L ou is U n ion T ru st
P IT T S B U R G H —
SAN FRANCISCO—
C P i — C olo n ia l T r u s t C o.
CS — C a liforn ia S afe D e p o s it FP i — F id e lity T itle & T r u s t
&
T ru st
PP i — P itts b u r g h T r u s t
U Pi — U n io n T ru s t
Subscribers will confer a favor by giving Immediate notice of any error discovered in these tables.
R A IL R O A D S
F o r e x p la n a t io n o f c o lu m n h e a d i n g s , & c . , se e n o te s
o n f ir s t p a g e o f ta b le s
of
R oad
Alabama Great Southern— O rd in a ry stock.
___
___
P r e f s to c k 6 % $ 4 ,0 0 0 ,0 0 0 ................................
Do
7 4 ,0 0 0 due se m l-an g o ld (V 82 p 867) . . '. '
Alabama Atidland— See A tla n tic C oa st L ine R R .
“ C ” deb en tu res Incom e su b j to call a n y tim e a t 100
Alabama Tennessee & Northern— 1st M g o ld ( t e x t ) . K
Alabama & Vicksburg— S to c k $ 1 ,0 5 0 ,0 0 0 ...................... ..
V ick sb u rg & M eridian 1st M g o ld $ 1 ,0 0 0 ,0 0 0 -F .x c *
A la b a m a & V ic k s b u r g c o n 1st M $1 ,8 0 0 ,0 0 0 g . . C c . c
2d M orlg $ 70 0,00 0 g (1st M o n 15,612 a c r e s )- - C e .c
Alaska Central— First m tg e $30 ,0 0 0 ,0 0 0 g o ld .
WC
A lban y * Northern— 1st M g o ld ($5 0 ,0 0 0 are p r e f ) . . c
A lbany* Susq— S to c k d iv id e n d s g u a r b y D & H (end)
1st M $ 1 0 ,0 0 0 ,0 0 0 g gu p & 1 c o n v ( t e x t ) . U s m .c * & r
Albany & Vermont— S to c k 3 % gu a ra n te e d b y r e n t a l.
Allegheny & Western— S to c k ($ 3 ,5 0 0 ,0 0 0 )
F irst M $ 2 ,5 0 0 ,0 0 0 g o ld g u ar p & I ( e n d ) ____ _ Q .C*
Allegheny V a lley — F irst M gu a ra n te e d b v P en n R R . c
M ortg age to S ta te o f P a $10 0,00 0 due Jan 1 y e a rly r
G en M ($ 2 0 ,0 0 0 ,0 0 0 ) g o ld gu a r p & 1 ____ F P i.x c * & r
Allentown Terminal — 1st M g u a r p &1 (end) g ._ C c .x c *
IN T E R E S T
M ile s
!
1
290
...
...
29
143
143
143
143
52
35
142
12
60
66
262
262
262
3
D ate
of
B o n d s
1907
1902
____
____
1878
1888
1905
1906
1890
1890
1890
1906
1881
1889
1889
1905
1896
1906
1898
1869
1869
1892
1889
S iz e , o r
P a r
V a lu e
500 &c
$1,000
50
50
1,000
£ 10 0
1,000
1,000
ADIRONDACK R Y .— In 1902 merged with the Delaware & lH udson.
AKRON * BARBERTON BELT RR. — Owns a belt line around Barber
ton, O ., and also extends to Falrlawn and Akron, O .; total. 40.2 miles. A
ln HM Ail,y 100f V . 74 p. 1088
Stock. $100,000. owned equally
10 Cleveland Akron & Columbus, Balt. & Ohio, Erie R R . and Northern
?B? nnny;M „D ™ d? authorized
000: Issued, $ 1 , 1 0 0 ,000 , of which
$02,000 redeemed by sinking fund; $400,000 reserved for future requlreypaI2598C)C’ 1 f° r slnklnK fund of 8H .B 50 per annum.
SOUTHERN RR. — (See M a p Southern Ry. ) — Owns
™ a,2llatchle’ T enrJ,-’ to Mertdlan, Miss., 291 miles; leases Wauhatchte to
Chattanooga, 5 miles, and Belt R y. of Chattanooga, 45 miles; trackage to
Blocton, A la ., 8 m ., and Gadsden, A la ., 6 m .; total oper., 354 miles.
O R G A N fZ A ’n O N . — ControHed by Southern R y ., but operated Inde
pendently . In 1005-00 the dual existence of the enterprise was ended, the
American corporation (Ala. Great South. R R .) succeecflng the English cor
poration (Ala. Great South., Ltd.) as the parent corporation, the amount of
outstanding stock remaining unchanged per plan In V . 81, p. 1722; V . 82
o . 150. Owns $833,300 stock of Southwestern Construction Co. received
n exchange for $833,300 Cincinnati New Orleans & Texas Pacific stock.
D IV I D E N D S —
’ 0 1 . ’ 0 2 . ’03. ’04. ’05 t o ’07. 1908.
urer. stock ( A ’ shares old English co.) 9
9
io
9
6 yearly F eb,3 %
B O N D S .— Gen. m tge. 6 s, £ 4 8 4 ,0 0 0 , will retire first 6s and debentures.
I he funded arrears of pref. dividends were In Feb. 1906 exchanged for an
i n v V«a!m i amount ($390,404) of 4 % obligations payable by sinking fund
1 0 % semi-annually till all are redeemed Feb. 1 1911 and unconditionally
7 snrnnnnend
10 Southc™ R y- (V . 8 1 - P- 1722; V . 82, p. 159.) The $ l f
750^ 000 ^ 11 ^ 03 were extended from Jan. 1 1908 to Dec. 1 1927 at 5 % .
Pc
L A T E S T E A R N IN G S .— (1907-08------ Gross, $2,509,893; net. $388,267
m os., July 1 to Feb. 2 9 .\ 1906-07---- Gross, 2,024,369; net, 494,546
R E P O R T .— Report for year ending June 30 1907 In V . 85
RiV1
w <(l :Q ?r(e0oSo ’ ,? 4 ’ 1” 8 ’478; j e t , $761,924; other Income, $55,038;
Int. on bonds, $299,532; Income tax, & c., $103,753; bal. for stock, $413,677
dividends (0 % ) , $202,821.
In 1005-06. gross. $3,774,620; net, $712,754
— (V . 83, p. 1225; V . 84, p. 5 0 , 1051; V . 85, p. 1082, 1336, 1460, 1645.)
8
.A L A B A M A NEW ORLEANS TEXAS & PACIFIC JUNCTION RAIL-
Y; ■y.y5?
(L I M 11 ED) — 1 his Is an English company controlling Alabama
& Vicksburg, 143 miles; Vicksburg Shreveport & Pacific, 189 miles; New
Orleans & North Eastern, 190 miles.
S T O C K .— Pref. A 6 % cu m ., £1,500,000; def. B £2,500,000: par, £10about' lo o r ” pref’ " A ” stock’ 3 M % . paid March 10 1908, leaving overdue
° V i 1T,E P « r ‘ A-lab? ma * Vicksburg, $30,000 1 st m tge,
$363,400 2 d m tge., $141,100 consol, mortgage and $581,500 stock; Vlcks* Pacific, $1,513,000 gen. m tge., $2,080,100 pref. and
$2,773,500 coin, stock; New Orleans & North Eastern, $5,115,000 gen.
Incomes and $ 5 ,3 2 0 ,0 0 0 stock; Southwestern Construc
tion C o., $448,700 stock;.Railroad LandsjC o., $108 850 (of $120 000) stock.
W hen
P a y a b le
See t e x t
$ 1 ,0 3 8 ,0 0 0
4 g
7 .8 3 0 .0 0 0
3 ,3 8 0 ,3 5 0 6 In 1907
1.75 0 .0 0 0 5 (6) g
£ 7 1 0 ,0 0 0
5 g
$700,000
4*4 g
1 .1 8 3 .0 0 0
4*4 g
£ 5 0 &c
£ 7 4 8 ,8 5 0
£ 2 0 &c £ 1 ,0 4 8 ,3 9 0
£ 2 0 &c
£ 8 1 0 ,6 5 3
1,000
$262,000
100
1.05 0 .0 0 0
1,000
1,000,000
100 &c
588,800
100 &c
464 .000
1,000
4 .0 0 0 .
1,000
400 .000
100
3 .5 0 0 .0 0 0
1,000 &c See te x t
100
600 .000
100
3 .2 0 0 .0 0 0
1,000
2 .0 0 0 .
$ & £
0 ,9 0 8 ,0 0 0
100,000
100,000
1,000
7 .3 5 0 .0 0 0
1,000
450 ,000
. V, ,7
, iu i i “ ' u o e c VALUEK K K . — uniter construction Dec.
h 2 ? ,;,£ ,? ^ i A Verdcerh Ml?3-- t0 Columbus. 30 miles.
Projected to extend
between Okolona, Aberdeen and Columbus, M iss., and Plckensville, Ala.
Nam e changed In Sept. 1907 from Columbus Memphis & Pensacola R R .
Stock authorized, $ 50,000 .
In Dec. 1907 filed a mortgage to the Central
Trust Co. of Illinois as trustee to secure $750,000 of 30 year 5 % bonds.
V 85, p. 1576: V . 8 6 , p. 107. Pres., H . E. Reynolds; Sec., C. B. Hopkins.
Office, Aberdeen, M iss.— (V . 8 5 , p. 1576; V . 8 6 , p. 107.)
V C75S'p
A m o u nt
O u t st a n d in g
&
&
&
&
O R
D IV ID E N D S
W h e re P a y a b le , a n d b y
W hom
D C ol T r & S a v B a n k , C h ic
D U S M tge & T r C o . N Y
London
do
F a rm L & T r , N Y ; & B os
D G ly n , M ills ,C & C o .L o n d
A B lair & C o , N Y
N ew Y o rk
B o n d s— P r in c i
p a l, W h e n D u e
Sto cks— L a st
D iv id e n d
Jan 1 1938
Jun e 1 1942
D e c 1891
F eb 29 ’08 3 %
D e c 1 1927
D ec 1 1927
T o F e b 1915
N o v ’ 0 8 -M a y ’ 16
M & N G ly n , M ills, C & C o , L o n d N o v 1 1910-40
5?
M * N
5 ft
do
do
N o v 1 1910-40
5 g
A & O See te x t
N o v 1 1940
A & 0 K n ic k e r b o c k e r T r C o ,N Y O ct 1 1956
5 g
In 1907 Yearly C en tral T r u s t C o , N Y
A u g 31 1907 7 %
A A
8 (?
do
do
A p r 1 1921
A &
5 g
do
do
A p r 1 1921
A &
5 g
do
do
A p r 1 1921
0005 er A &
C h icago a n d N ew Y o r k
A p r 1 1935
A
J
5 g
.1 H a m b le to n & C o , B a lt
Jan 1 1946
9
J
&
■T D el & H u d s o n C o , N Y Jan 1 1908 4 } *
do
do
e A & 0
A p r 1 1946
3
M & N T roy, N Y
N o v 15 1907 1 U
J
&
8 g
J A Iselln & C o , N ew Y o r k Jan 1 1908 3 %
0004 g
A &
do
do
O ct 1 1998
7
A &
P en n R R C o , P h il; & L o n A p r 1 1910
5
J
&
J T reasu rer, P h ila d e lp h ia Jan 1 1909 e t c
M &
4 S
P en n R R C o , P h lla
M ch 1 1942
4 g IJ
&
J N ew Y o r k an d P h lla
J u ly l 1919
o
o
o
o
o
o
s
, A9 p U P ° N P A I D .— For........... '94. '9 5 . ’96. ’ 98. ’ 99. ’00 . ’ 01. '02 to ’07.
‘A , Rebcnture.......... ................ % 5
5
5
5
5
5
5
5 % yearly
,B „
do
-----------------------% .8 7 5 1
2 H 2 H 4J* 5
5
5 % yearly
0
do
....................... . . % ....................... ......
__
2 % 5 % yearly
E A R N I N G S .— See separate statement for each of the controlled com
panies. In year ending Dec. 31 1907.n et from Investments was $ 1 8 9 ,9 4 7 ;
paid general expenses (£ 4 ,2 4 9 ), Income tax (£ 7 ,2 4 3 ), Interest on “ A ”
debentures (£ 3 5 ,5 7 0 ), on “ B ” debentures 5 % paid In Jan. 1908 ( £ 4 9 .7 9 8 ),
on C debentures, 5 % (£ 3 8 ,5 0 6 ); sinking fund to extinguish debenture
discount,S£6,500; Idlvldendfon pref. A ( 3 * 4 % ) , £49.875.— (V . 86 , p. 101.)
& NORTHERN R R .— Owns from Reform , A l a . ,
on the Mobile & Ohio southerly; 45 miles completed April 1908. Successor
to Carrollton Short Line R y . Stock authorized, $10,000 per mile.
4-1
* ic «ion( ?. ($1*500,000 author. Issue), 5232,000 were Issued against
29
miles. $30,000 have been Issued for a steel bridge over the
lom blgbee Itlver, $10,000 are Issuable for a steel bridge over the Noxubee
Jle0r * $ i *000 are Issuable at the rate of $ 8,000 per mile for addltlona
mileage, but only when the net earnings on completed mileage for the
us ? scal y ?ar are equivalent to Interest on the bonds to be Issued In
ar
'
l)onds outstanding, and $260,000 for equipment on the basis
ni f t i n S ths o£ C(isf , 0^ equipment. V . 83. p. 1036. For year ending
'Jana J? 100T, fipross, $4o,87C; net, $23,835.
For 7 months ending Jan. 31
IR98 * tU°ss. 527,633 , against $27,196 In 1906-07: net. $13,912 , against $ 15,p
) year end. June 30 1906, gross. $41,413; net. $ 22,240 .— (V . 83,
1036
nnH nr
V.|C K SBURG R Y .— Owns Vicksburg to Meridian, M is s .,
and branch, 143 miles, all steel rails. Controlled by Alabam a New Orleans
Texas & Pacific Junction C o ., which see.
Reorganization of the Vicksburg
& Meridian foreclosed Feb. 4 1889 (see V . 48, p . 190).
i On
Dory ™ D S . - 1 8 9 0 to 1892, 3 % yearly; 1896, 3 % ; 1897 to 1899, 5 % ;
dend of 5°0°% ?n%1900r y '' 19° 3 ’ °
1904 t0 10° 7, 7 % yearly-
stock dlv1'
B O N D S .— Of the $1,800,000 consols authorized, $1,000,000 are w ith
trustee to retire Vicksburg & Meridian firsts.
E A R N I N G S .-F i s c a l year ends June 30.
For 8 j* months ending Mar. 7
1908, g ross,$ 1,093,352, agst. $1,056,597 In 1906-7. Report, V . 8 5 , p. 139 4
,
'
Gross.
N et. In terest, & c. B a l., su r.
D iv id en d .
1 0 0 ® 1 0 0 7 ............... $1,577,012
$339,381
$168,077 $171,304
(7)$73,500
1905-1906
1,380,247
302,218 *159,774
142,444
(7) 73 500
L Incl,,rlcs $8 2 *510 for new freight cars In 1906-07, against $65,497 In 19050 0 .— (V . 84, p. 1365, 1487; V . 85, p. 158, 721, 1394.)
A L A S K A C EN TR AL R A I L W A Y .— Building from Seward on south
coast of Alaska north to near Fairbanks, on Tanana R iver, 450 miles. Of
this, .>2 miles from Seward north were In operation Sept. 1 1907, and 60 miles
adtlltlonal under construction, contract having been let for first 185 miles;
V . 8 2 , p. 1495.
Branch Is proposed from K nlk, about 150 miles from
Seward east to the Manatuska coal fields, 38 miles.
V. 84, p. 1112
An
nual report at length was In V . 82, p . 756.
Stock authorized, preferred, 5 % non-cumulatlve, $ 2,500,000; com
m on, $ 27,500 ,000 ; outstanding, preferred, $ 1,912,450; common, $3 750 >,ai; ° f shares, $100
Bonds ($30,000,000 authorized) are Issuable
at $35,000 per mile of main and $25,000 of second track, with additional
bontls for terminals, tunnels, bridges, &c. O f the bonds and stock, $ 8 ,5 0 0 ,
000 each are lssuableon the first 185 miles. See V . 8 1 , p. 1846; V . 82, p .1495.
a P£rCiV A
Frost, Chicago; V . P ., H . C. Osborne, Toronto; Sec.; James
A.
Haight, Seattle; Asst. Sec., Pierre G. Beach, Chicago; Treas., G . L .
Francis, Toronto.
’
Trustees: Albert C. Frost, Chicago; Henry C. Osborne and Gwyn L
Francis, Toronto; George A . Ball, Muncle;.tGeorge Turner Spokane; F
[VOL. LXXX'VI.
RAILWAY STOCKS AND BONDS.
10
IN T E R E S T
R A IL R O A D S
F o r explanation of column headings, & c., see notes
on first page of tables
Alton Jacksonville & I’ coria R y — 1st M $800,000 gold
Ann Arbor— First m tge $ 7 ,000,000 gold---------M p.xc*
Arkansas I ouisiana & d u ll— 1st M $6,000,000 g o ld ..
A rk an sfsO k la & V V e s t -ls t M $1.250,000 g (text) Usm
Ashland Coal & Iron— S t o c k - - - - - - - - - - - - .................... First refunding mortgage $400,000 gold
.......... -N
Astoria & Columbia— I1*Irst m tge $ 8 ,0 0 0 ,0 0 0 -- — - Ce
Atchison & Eastern Bridge— 1st M g s f red ( t e x t ) -C e
Atch Top & Santa Fc R y— Stock, com $ 2 5 0 ,0 0 0 ,0 0 0 -
Stock pref $ 131 ,48 6,00 0 5 % n o n -c u m ..-------------- -
Chicago & St Louis 1st M ($10,000 p m) cur-------F.c
Chicago Santa Fe & California 1st M g o ld -- B B.c*& r
General mortgage gold (see text) - - - - - - - U n.c*& r
A d j inc M cumulative from July 1 1900 g.C e.c*& r
do do Interest stamped payable M & N ..................
Eastern Oklahoma Dlv 1st M $9,603,000 g -.G .c * & r
Deb gold Ser E to L $2,500,000 each; call 105-G .c& r
Bonds $50,000 ,000 conv com stk red (text)M o.c*& r
Bonds $ 3 0 ,000,000 conv com stk red (text) - S.xc* &r
Hutchinson & So 1st M g red 105 begin 1 9 0 8 --O B .c *
San Fr & San Jo Val 1st M g call 110 aft 1 9 1 5 .-M e.c
Santa Fe Pres & Phoenix— 1st M $5,000,000 g .M ec*
Prescott & Eastern first mtge p & 1 guar---------------Ce
Atlanta Birm & Atl— 1st M $30,000,000 g red 106OB.C*
Atlantic & Blrm 1st M red 110 begin 1909— O B.c*
Joint coll trust notes gold redeemable 101-------Ta.c*
Equip bonds (V 85 p 39) due $86,000 s e m l-a n n .-.G
Atlanta & Charlotte— Stock (see text) - .............................
Pref M (old 7s extended In 1907) (see V 64 p 2 8 6 ) ..c *
First mtge extended In 1907.......................................— r
Income bonds (not cum) ext In 1900 and 1907--------Atlanta Knoxville & Northern Ry— See Louisville & N
Atlanta Terminal— First mtge $1,500,000 gold_S .c*& r
Atlanta & W est Point— S to c k -----------------------------Debenture certificates---------------------------- ----------Atlantic City— First Mtge $2,200,000 g o ld -.G u P .x c *
Atlantic City purchase money real estate m t g e .-G P
Sea Coast prior lien mortgage g o l d . . ..............................
Atlantic City 1st cons M $4,500,000 g p & 1 g u . . QP
M iles
of
Road
292
22
81
1
142
440
8,283
8,283
8,283
486
141
372
198
26)4
337
269
265)4
265)4
ashvll
3 .S
86
83
66
All
Date
of
Bonds
Size, or
Amount
Par
Value Outstanding
$766,859
$794,443
$783,551
$811,816
280,000
280,000
.13 7 ,0 0 0
101,111
$ 1,0 0 0
s
1,0 0 0
1,000
1 ,000
o
o
$585,229
$600,902
280,000
54,603
$503,914
$515,800
280,000
59,955
Balance, surplus_______ $377,443
$430,705
$266,299
$175,853
Pres.. Eugene Zimmerman: Sec., G. Caspar Niles; A u d ., YV. D . Gray
— (V . 82, p. 508; V . 83, p. 1036; V . 85, p. 1335.)
A P A L A C H IC O L A NORTHERN R R .— V . 85, p. 6451; V . 86. p. 170.
A R G E N TIN E C EN TR AL R Y .— See page 169.
A R K A N S A S L O U ISIA N A & G ULF R Y .— To extend from Monroe. La .
at a connection with the St. Louis Iron Mountain & Southern and Vicksburg
Shreveport & Pacific to Pine Bluff. A rk.. 136 miles, with branch, 7 miles;
total, 143 miles.
Of this, Monroe to W ardvllle, L a ., 30 miles, was opened
Feb 1908 and grading completed thence to Hamburg, 26 miles; also on
7-mile branch. Stock auth., $3,000,000.
Bonds ($6,000,000 auth. issue),
Colorado Title & Trust Co. of Colorado Springs, C ol., trustee; $2,860,000
were subscribed for on account of 143 miles under construction. V . 8 6 ,p . 106.
Pres.. Alfred Cowles. Chicago; Sec. and Treas., E . A . faunderlln, Colorado
Springs, Col.— (V . 86, p. 106.)
When
Payable
Bonds— Princi
pal, When D ue.
Stocks— Last
Dividend
Mch 1 1937
M &
$ 200,000
5 g
o,
I July 1 191)5
7,000,000
4 g
0 --- J
il Sore 1 July 1 1957
J 8:
J
5 g
See text
), N Y Jan 1 1947
J
& J
6 g
See text
’Mar 20 1908 1 %
773,500 See text Q — M
50
May 1 1 9 2 5
M
N
&
300,000
4
g
1900
1,0 0 0
Aug 7 1996
3,280,000
4 g
F & A
1896
July 1 1928
&
518,000
4 g . J
J
1,0 0 0
1898
June 1 1908 2)4
100 102,956,500 See text 1 & D
"Feb 1 1908 2 >5
do
do
100 114,173,730 5 In 1907 F & A
Mch 1 1015
6 cur M & S
1,500,000
1885
1,000
.Jan 1 1937
do
do
5 g
&
560.000
J
J
1887 1,000 &C
•Oct 1 1995
do
do
A & O
4 g
1895
500 &c 146,634,500
July 1 1095
do
do
Nov
4 g
1895
500 &c 22,808,500
July 1 1995
do
do
M & N
4 g
1895
500 &c 28,537,500
iMch 1 1928
do
do
M & S
9,1,03,000
4 g
1903 1,0 0 0 &e
F e b 1 1909-1914
do
do
F & A
4 g
1902 1,0 0 0 &c 15,000,000
J u n e l 1955
do
do
J
& D
4 g
1905 1,0 0 0 &c 47,714,000
June 1 1917
do
do
& D
J
5 g
1907 1,0 0 0 &c See text
J a n 1 1928
do
do
<
S
s
J
J
192,000
5
g
1,0 0 0
1898
.Oct 1 1940
do
do
A & O
6 ,000,000
5 g
1896
1.0 0 0
/Sep 1 1942
M & S New York
4,940,000
5 g
1 ,000
1892
A p r 1 1928
A & O New York
5
234,000
1,0 0 0
1898
& J Old Colony Tr C o , Boston Jan 1 1936
8,173,000
J
5 g
1,0 0 0
1906
'Jan 1 1934
8s J
do
do
J
4,090,000
1,0 0 0
5 g
1904
M & N Trust Co of Am erica, N Y May 1 1910
8 ,000,000
1906
1,0 0 0
5 g
& J N W Harris & Co, N Y July 1908-17
5
1,634.000
J
1,0 0 0
1907
1,700,000 7 In 1907 M & S U S Mtge & Tr Co, N Y Mar 6 1008 3)4
100
Jan 1 1910
do
do
& J
500,000
J
4)4
1,0 0 0
1877
Jan 1 1910
do
do
8c J
J
4,250,000
4)4
1,000
1877
Jan 1 1910
do
do
8
c
J
750,000
4)4
J
500
1880
lc
8s D Standard Trust Co, N Y June 1 1953
J
1,500,000
4 g
1,000
1903
“ ee text
& J Atlanta Ga
1,232,200 See text J
10 C
Com pany’s opt
do
8c J
6
1,232,200
J
1,000
1881
^ lay 1 1919
Reading T e rm , Phlla
M 8c N
2 , 200,000
5 g
1,000
1889
A p r 1 1930
do
do
A 8c
75,000
4)4
1 000
1900
A p r 1 1048
do
do
A 8c
350,000
5 g
1898
J
u ly 1 1951
8
c
do
do
J
J
1,850,000
4
g
1,000
1901
1905
1895
1907
1907
Augustus Helnze, B utte, M ont.; James A . Moore and James A . H aight,
Seattle.
Executive offices, 108 La Salle S t ., Chicago.— (V . 8 4 , p. 1112.)
ALBANY & NORTHERN RY .— See page 169.
ALBANY & SUSQUEHANNA RR.— (See M a p Delaware & Hudson.)—
R O A D .— Owns Albany to Binghamton, N . Y . , 142 miles. Operated
Coblesklll, N . Y . , to Cherry Valley, 21 miles; of the stock $450,000 owned
Jan. 1 1908 by Delaware & Hudson; total operated, 163 miles.
L E A S E D for 150 years from Feb. 1870 to Delaware & Hudson C o.; rental
Is 9 % per annum on stock.
(See guaranty, V . 56, p. 774.)
Stockholders
protective com m ittee, Geo. P. Butler, Chairman; U . S. Trust C o., deposi
tary claims for stock the benefit of refunding elfected In 1906, say 3)4 /o
yearly on stk. V . 8 1 , p. 1847; V . 83. p. 968, 1036. In Sept. 1907 the lower
Federal court handed down a decision sustaining their position. V . 8 6 , p .284.
B O N D S .— The stockholders on April 7 1905 authorized $10,000,000 of 40year 3)4 % bonds to refund the $10,000,000 of 6s and 7s maturing April 1
1906, which were In June 1905 oJered at par pro rata to the stockholders or
the D . & H . The new bonds are dated April 1 1906, guar. p. & 1., and until
April 1 1916 convertible Into D. & H . stock— $500 stock for $1,000 bonds.
Or the bonds $3,354,000 had been converted In Apr. 1908. V . 8 0 , p. 1174,
1362, 2343.
Form of guaranty, V . 82, p. 986.
__
A N N U A L R F P O R T — Year ending Dec. 31 1905, gross, $ 6 ,093,960; net,
$ 2 ,762,557.
Earnings no longer kept separate. Pres., Geo. P. Butler:
Sec. and T reas., W . L . M. Phelps. New directors (Oct. 1906), V . 83,
p. 968; V . 8 5 , p. 1004.— (V . 85, p. 721, 1004; V . 8 6 , p . 1004.)
ALBANY & VERMONT RR. — Owns road from Albany to Waterford Jet.,
N . Y ., 12 miles. Leased to Rensselaer & Saratoga In 1860 and now oper
ated by Delaware 8c Hudson Co. Annual rental, $20,000.
A ! I EfiHENY & WESTERN R Y .— (See M a p Buff. Roch. «& P itts.)—
Punxsutawney to Butler, P a ., 60 miles; branch, New Castle, P a ., to Cement
W ork s, 6 m .; total, 66 miles. An extension of Buffalo Rochester & Pitts
burgh, to which leased In perpetuity for guaranty of bonds and 6 % on stock.
Uses Bait. & Ohio from Butler to New Castle and Pittsburgh under a track
age arrangement, making in all 147 mlles. Seeappllcatlon to list In full,
V . 7 0 . p. 8 4 9 .— (V . 7 4 , p. 774; V . 82, p. 508, 626, 691.)
' a i I FGHENY VALLEY RY. — Owns from Pittsburgh to Oil City, P a .,
133 miles; Red Bank, P a., to Driftwood, 110 m .; others, 19 miles.
Controlled by Pennsylvania R R .C o..w hich on Jan. 1 1908 owned $10,3 3 5 ,
150 of the $ 1 0 ,544,200 com. and $16,927,351 of the $17,173,800 of 3 % cumu
lative nref. stock. The stockholders of the Penn. R R . voted March 13 1906
to purchase the road, but merger not completed to Dec. 1907.
V . 81.
d 1847" V . 82, p. 159, 459.
B O N D S — General mortgage Is guaranteed by Penn. R R . by endorsement
on each bond.
Real estate mortgages Jan. 1 1907, $733,000.
[•♦In 1907 gross $7 060.420; net, $2,020,900; other Income, $4,662; ln t.,
taxes, &c7. $ 1 ,291,291; bal., sur., $734,271.— (V . 82, p. 159, 626, 691.)
a i | P N T O W N RR — Topton to K utztow n, P a., 4)4 m .; Reading system .
S T O C K .— $ 1 ,2 6 8 F84 (par $50), Including $1,071,400 pledged under
Reading Co. general mortgage.
No bonds.
ALLENTOWN TERMINAL RR.— Owns 3)4 miles of railroad In Allen
town P a ., connecting the East Penn. (Phlla. & Reading) with the Cent, of
N J
Leased for 999 years to Phlla. & Read, and Cent, of N . J. (by assign
m ent from Lehigh Coal & Navigation Co.) at Interest on bonds and 5 % on
$450,000 stock (par $50), bonds being guaranteed, principal and Interest,
by Phil. & R ead. RR. Co. (foreclosed) and Lehigh Coal & Navigation.
•ALTON JACKSONVILLE & PEORIA RY.— Projected from Alton to
Jacksonville, 111., 65 miles, of which Alton to Godfrey, 6 m ., operated In
Apr. 1908, and balance to be by Sept. 1908. Stock au th ., $800,000; out
standing, $300,000; par 5100.
Bonds ($800,000 auth. Issue), Mercantile
Trust C o.. St. Louis, trustee. Sec table above.
Pres., Aaron O Auten,
Jerseyvillc, 111.; Treas., A . YV. Cross; Sec.. June M. Rhoads, Jerseyvllle, 111.
• ANN ARBOR R R .— (See M a p Detroit Tol. <S> Ironton.) — Owns road from
Toledo, O ., to Frankfort, on Lake Michigan, 292 miles; trackage, Toledo to
Alexis, 9 m .; operates car ferries between Frankfort, M ien ., Kewaunee and
Manitowoc, W ls ., and Menominee and ManlstlQue, Allen. W abash uses
Toledo terminals.
.
, .
. .
. ..
O R G A N IZ A T IO N .— Successor N ov. 1 189o to Tol. Ann Arbor & Nor.
M ich., foreclosed under Quintan! Lawrence plan In V. o.», p 782.
In
March 1906 the Detroit Toledo & Ironton R R . (which sec) had acquired
$3,102,400 pref. and $2,190,000 common s t o c k .
V . 82 p 508.
S T O C K — Common, $3,250,000; preferred, $ 4 .000,000; 5 % non-cumula
tlve; par $100.
Pref. stock cert., ‘ Supplement Oct. 30 1897, p. 3.
A N N U A L R E P O R T .— For 1906 07 was In V . 85, p. 1335, showing:
Year end. June 30—
1907.
1006. _
iOOb.
«,
V, ._
Gross earnings___________$2,182,518
$2,l7o ,231
$1,922,593 $1,979,047
Operating expenses_____ 1.415,659 1,391,680
1,337,364
l,4 7 o ,1 3 3
N et earnings-_________
Net Income..........................
Deduct— Interest...............
Taxes ................................
Rate
%
Where Payable, and by
Whom
A R K A N S A S (M IDLAND R R .— See page 169.
A R K A N S A S O K L A H O M A & W E S T E R N R R .— To extend from Eureka
Springs, A rk ., at a connection with the Missouri & North Arkansas, wes
terly to Pryor Creek, O kla., 125 miles, of which Rogers to Siloam Springs,
Ark. 30 miles. In operation In March 1908. Stock au th ., $3,000,000; out
standing March 1908, $720,000; par, $100.
Bonds are limited to $ 1 ,2 5 0 ,
000 at $10,000 per mile. V . 86, n. 107.
Pres., YV. R . Felker, Rogers, Ark.
Sec., F. F. Freeman; Treas., J. E . Felker, Rogers, A rk .— (V . 86, p, 107.)
A S H E V IL L E & SP A R TA N B U R G R R .— See Southern R y .. Carolina D lv.
A S H L A N D COAL & IRON CO.— See Issue of Oct. 1907.
ASH LA N D & WESTERN R Y — See Lorain Ashland & Southern.
ASTORIA & COLUMBIA RIVE R R R .— Goble to Seaside, O re., 79 m .:
branch.YY^arrenton to New Astoria, 2 m .; trackage, Goble to Portland, 40 m .,
total, 121 miles. Stock, $1,619,000; par $100.
In 1907 acquired by Great
Northern and Northern Pacific. V . 84, p. 867.
Year ending June 30 1907,
gross, $617,105; net, $253,175; other Income, $4,985; charges, $188,548;
balance, surplus, $69,612. Pres. Francis B . Clarke.— (V . 85, p. 164o.)
ATCHISON & EASTERN B R ID G E .— Owns railroad and wagon bridge
at Atchison, K an ., connecting with the union station.
Used by the Aten.
'Top. & Santa Fe, the Chic. R . I. * P ., the M o. Pac. and the Chic. Burl. &
Quincy.
A reorganization of the Chic. 8s Atch. Bridge Co. foreclosed Mch. 4
18 9 8 , per plan V . 65, p. 366. Stock, $700,000; par. $100 per share. A sln k lng fund equal to the difference between the annual Interest on the outstand
ing bonds and $30,000 will retire bonds yearly at par and Interest (by lot If
not purchasable In the open market.)
Pres, anil Treas., H . I . Lells,
Cleveland, O .— (V . 67, p. 578.)
(THE) ATCHISON T O PE KA & SANTA FE RY — (Sec M a p .) — 1T he sys
tem operated June 1907 comprised 9 ,350.28 miles of railroad and embraced
an unbroken line of track from Chicago, 111., via Kansas City, M o., and Al
buquerque, N . M ., to the Paclhc Ocean; also to Galveston, le x ., and the
Gulf of Mexico. For operating purposes the system Is divided as follows
M iles.
M iles.
20.17
Atchison Topeka & S. F ___ 7,025.27 R io G ra n de & E l P a s o . ------Gulf Colorado & Santa F e .. 1,490.81 South Kansas R y . of T exas- 129.17
.>4.-7
Eastern R y . of New M exico- 221.47 Pecos R iv e r ________________
Pecos & Northern Texas___ 151.80 Santa Fe Prescott & Phoenix 257.32
Total of all June 30 1907............................................ - ............. — - r r , - - - ? ’!® ?:?.8
This Is exclusive of 488 miles of new lines under construction substan
tially completed on last-named date. Also controls through owneiship o f ,
securities or owns Jointly with other roads 681.75 miles.
„
t
In 1900 acquired control of Gulf Beaumont & K . C. and Gulf Beaumont
& G t. Northern, which are leased. V . 7 6 , p. 751; V . 7 7 , p. 1 2 -4 , n 1005,
purchased the Arizona & U tah, 22 miles. V . 8 2 . P; i ? b v nm'leetcM0 from
qulred the Arkansas Valley R R . and the H olly & Swlnk R y -.P itted June 30
Holly to Rocky Ford, C ol., 115 miles, of which 08 /'*•
P* r r
105 m
1907. V . 82, p .9 9 , 867; V . 83, p. 379, 562.
Leases Cane Belt R R ., lOo m .
(entire stock owned), for 50 years from July 1905. V . 85. p.
«•
O R G A N I Z A T I O N — This company w a s organized on Dec. 12 1895 under
the general laws of Kansas by the purchasers at K
S
h r
Oi
property and franchises of the Atchison Topeka & Santa I e H R . C o., In
accordance with a reorganization plan. V . 60, P..
.
t
The railway company In July 1907 owned In f e e m n i n l l t T n
and also all, or nearly all, the bonds and stocks of the various companies In
which the title to the other lines Is vested. V . 68. p. 974
A list
holdings Is In the general mortgage (In V . 62, V- 7 32, 733) and successive
annual reports. Fee V . 69, p. 1300; V . 71 P. 27. Conso Illation of con
trolled companies (April 1907), V . 83, p. 1347, V . 8 4 , p. 8 .
San Francisco & San Joaquin Valley R y . w a s f Z P J m ! er constniction
Cut-off from Rio Puerco, N . M .. to Texlco, 268 miles, under constiuction,
shortening the main line 11.6 miles, opened In August 19 97.
n
Has a joint Interest with the Southern Pac.jS0 J
j l f f i c o m n a n v f fl
R R ., Incorporated Dec. 31 1906 as a consolidation (see tnat com pany).
S T O C K .— The pref. stock has preference as to assets anil non-cumulatlvc
dividends not exceeding 5 % per ann., as declared by the board of directors
out of net profits. No other m tge. and no Increase In the pref. stock can be
made without consent of majority of all pref. stock outstanding and of all
com . stock represented at a meeting. The total auth. amount of pref. stock
Is $ 131 ,48 6,00 0. of which $10,800,000 Is reserved to acquire other lines; also
$6 486,470 In special trust for Improvements, extensions, &c. Pref. stock
certificates In “ Supplement” of April 1897, P- 3 *&
- fn 1000 Oregon Short
Line (Union Pacific) purchased $10,000,000 pref. stock. V . 84, p. 50, 560.
Suit to set aside purchase, V . 86, p. 284.
..
Stockholders voted Jan. 30 1907 to Increase the auth. com . stock from
$152,000,000 to $250,000,000 and also not exceeding $08,000,000 bonds, to
be convertible Into com. stock.
Of the convertible bonds stockholders were
offered $26,055,000 at par In July 1907. See B O N D S below. V . 83, p.
1347, 1468; V . 84 p. 210, 389.
D IV . ( % ) . 1899. 1900. 1901.
1902 to 1905.
1906.
1007.
1908.
On com ------- 0
0
3H
4 yearly (J&D
4 )*
6
June.2)4
On pref____
2
4
5
5 yearly (F& A)
5
5
F e b .,2)4
In 10 0 6 , on com ., June, 2 % ; D ec., 2)4 %•
B O N D S .— The Gen. Mort. (Abstract V . 62, p. 731-730: sec also V . 68
n 074) gives a lien, either by direct m tge. or by collateral trust, on 8.283
miles of the system , together with all the equipment and terminals owned
by the com pany, and future acquisitions.
General mortgage 4s (limited to 5 165 ,49 0,50 0).
----------- Reserved
a To retire guar, fund notes paid and car trusts at In 1895.
fn L ” ','.
not exceeillngil ,250 for each $1,000 of old b o n d s.$15,500,000 $2i33b,383
b Non-assenting bonds from reorganization of 18 ) 9 .
1,500,000
664,060
c Chicago & St* Louis 1st mtge. 6s................................... 1 ,500,000
1,500.000
For improvements, terminals, second track, equip
m ent, & c., at not exceeding $3,000,000 yearly, of
5,615,101
which not over $750,000 for extensions----------------- 30,000.000
6 ,731,554
For acquisition of Atlantic & Pacific and other lines. 20,000,000
Ft Benton;
•\ Belknap^
GlenUive,
[lssoula
N
y Silver Bow
\ / C 0 lumin
tTLAND^
Sr===S Dalles
Umatilla
Baker Cy.
.Hailey
Idaho
*Malheur
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’ocatelle
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lontague<
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lolfaxl
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alobsa6^ -rr.
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[gemont ^ fo Kosebud
leujmjt
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tin Ruby Hill L
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EATON RQUGE Mol
[VO L. LXXXV1.
RAILWAY STOCKS AND BONDS.
12
R A IL R O A D S
F o r explanation of column headings, & c., see notes
on first page of tables.
______
I N T E R E S T OR D I V I D E N D S
M iles
of
Road
Date
of
Bonds
Atlantic Coast Line C o .
r‘
Certs of Indebt Inc non-cum $ 6 , 0 0 0 ,0 0 0 - - - . - SB a.r.
do
do
redeemable at 105 after 20 yrs--SI5a
do
do
redeemable at par after 5 years —
AHnnflr Coast Line R R — Stock com m on (tex t)-----Class " A ” com stock tax exempt (Rich & Pet certs)
Ffrs^t *00 nso 1 °nH g c $ 8 0 ?0 0 0 , 00 o’ gold ‘ (text)’ . U s.c*& r 3,885
r^nii tr M trold secured by L & N stk red 1 0 5-_c*& r
104
Fhrs^M on Jackson & Sow 5 2 .000,000 gold
SBa.c*
Certificates of Indebtedness (new) $ 2 o ,0 0 0 ,0 0 0 -do
do
( o l d ) .............................
N otes. $5,000,000 gold..................- .......................
Equip trust notes gold $225,000 due s -a . . — SBa c*
Bonds Underlying First Consolidated 4s
102
North East (S C) cons M gold Flor to C h a rle s to n ...c
239
W ilm ington Col & Aug 1st M (W llm to C o lu m b ia )..
696
Atlantic C L of S C gen 1st M (1st on 355 m ) g .S Bac*
68
Petersburg M class A g o l d .............................. - - - - - - -
68
do
do
class B gold (Petersburg to W eld o n ).
22
Richm ond & Petersburg first m tge ($24,500 are 7s) 27
Consol M g (Richmond to P e te r s b u r g ,e tc )----C e .c *
479
W llm & W eldon gen it ($038,000 are 4s) g --S B a .c *
90
W ilm ington & New Bern 1st M gold assum ed.SBa
110
Nor & Car 1st M gold (P Pt V a to Tar N C) - - -C e.c*
110
Second mortgage g o l d . . . ..................“ 1 .
547
Sav Fla & W 1st M g ($2,444,000 are 5 s )--M n .c * & r
111
Charleston & Savannah gen m tgegold.............. SBa.c*
169
B ru n s* W 1st M (Brunswick to Albany) g g u .M p .c
174
Alabam a Midland 1st M g (Balnb to Montg) --M p .x c
244
Florida Southern 1st m tge $5,000,000 gold — A B .c*
145
Sanford & St Petersburg first m tge gold............... PeP
4
Ashley River first m ortgage. --------64
Sll Sp O & G 1st M gold (Ocala to Inv & br). .1 a.c*
VVU * W ei certs of lndebt for dlv 1887 non-cum lnc275
Atlanlic & Danville— 1st M $4,425 000 g Int rent.M ec*
275
Second mortgage $1,525,000 gold Interest re n ta l-la
Atlantic & North Corolina— Stock $ 1 , 8 0 0 , 0 0 0 - - - - - - 95
Flrst mortgage $ 325 ,00 0-------------------------------------MeBa
1897
1900
1905
1902
1902
1904
1902
1900
1907
1907
1883
1880
1898
1881
1881
1875
1890
1885
1897
1889
1896
1884
1886
1888
1888
1895
1894
1877
1888
1887
1900
1904
1887
Size, or
Amount
Par
Value Outstanding
$100 $12,600,000 See text.
5 .0 0 0 .
0005 cur
100 &c
5 .0 0 0 .
0004
100 &c
4
3 .0 0 0 . 000
100 &c
100 47,537,600 See text
See
1 .0 0 0 .
000text
100
In 1907
1,596,600
100
4 g
,000 &c 4 3 .524,000
35,000,000
4 g
,000 &e
798,000
4 g
1,000
4
100 &c 19,187,728
4
500
100 &c
5,000,000
5 g
1,000 &c
4,050,000
4 g
1,000
1,000
1,000
1,000
1,000
1,000
500 &C
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500 &c
1,000
1,000
1,000
1,000
100
1,000
1,000
100
1,000
The Adjustment Mortgage (Abstract, V . 62, p. 739) Is to the Central Trust
Co. as trustee. Interest Is payable only out of
non1
vear cumulative since July 1 1900.
Present Issue Is limited to $ol ,7 28,000,
but when the $30,000,000 general 4s authorized for Improvements as above
have been Issued $20,000 ,000 additional adjustment 4s m ay be Issued for
the same purpose at not exceeding $ 2 ,000,000 In a n y . y e a r . 'but on)iy by
a m ajority vote of the adjustm ent bondholders, interest In N ov. 1897
paid
3 % ; since, full 4 %
f ia n n -rV
t 7^
^4 * vV . 79
T h e Eastern Oklahoma division 4s of 1903.
. 76. np. 4434,
79, np .
When
Payable
Rate
%
Where Payable, and by
Whom
Baltimore
Q— M
& D In 1907 paid 5 %
& J In 1907 paid 4 %
&
J In 1907 paid 4 %
& J Treas Office, W llm , N C
do
do
& J
do
do
M & N
United States Tr Co, N Y
M &
M & N J P Morgan & Co, N Y
& D Safe Dep & Trust Co,Balt
M & N Treas Office, W llm , N C
do
do
& J
M & S United States Tr Co, N Y
do
do and Balt
il & S
657.000
0 £
6
1,600,000
5.547.000
4 g
868.000
5 g
800,000
6 g
0
&7
340,500
300.000
4H g
4,000,000 4 g & 5 g
106.000
4 g
1.320.000
5 g
400.000
5 g
6.500.000 5 g & 6 g
1.500.000
7 g
1.407.000
4 g
2.800.000
5 g
2.418.000
4 g
275.000
4 g
8
33,500
492.000
4 g
7
1,000
3.925.000
4 g
775.000
4 g
1,797,200 See text
6
325.000
Bonds— Princi
pal, When Due
Stocks— Last
Dividend
MarlO 1908 2 %
Irredeemable
Jan 1 1908 2 %
Jan 1 1925
Jan 10 1908 3 %
Jan 10 1908 3 %
May 11 1908 2 H
July 1 1952
Oct 1 1952
Dec 1 1954
Irredeemable
Irredeemable
Mcli 1 1910
To Mch 1 1917
■
& J Cuyler, Morgan & C o ,N Y Jan 1 1933
& D First N at Bk, N Y ; & Balt Ju n el 1910
& J Safe Dep & Trust C o,B alt July 1 1948
July 1 1926
& J Richmond Office
Oct 1 1 9 2 6
& O
do
do
May 1 1915
M & N
do
do
A p r 1 1940
A & O Brown Brothers, N Y
& J First N at B k, N Y ; & Balt July 1 1935
& A Safe Dep & Trust C o.B alt Aug 1 1947
Apr 1 1 9 3 9
& O Central Trust Co, N Y
& J Sale Dep & Trust Co,Balt July 1 1946
& O United States Tr Co, N Y Apr 1 1934
Jan 1 1936
&
J
do
do
Jan 1 1938
&
J
do
do
•
M & N Metropolitan Tr Co, N Y Nov 1 1 9 2 8
& J United States Tr Co, N Y Jan 1 1945
Jan 1 1924
&
J
do
do
Jan 1 1915
&J Asst Treas, Charlest’n,SC
&
J United States Tr Co, N Y July 1 1918
& O Treas, W ilm ington, N C Irredeemable
& J Mercantile Trust Co, N Y July 1 1948
•
& J Trust Co of Am erica, N Y July 1 1948
Jan 14 ’08 1}*
Seml-an Check from Co’s Office
J
& J N at Mechanics’ B k, Balt July 1 1917
Outstanding In the hands of the public June 1907, $9,743,800 com . and $4,
822,000 pref. Additional amounts to be deposited under collateral trust
n°B O N D S .— Of the 5s of 1906 ($30,000 000 authorized Issue), $25,000 are
Issuable per mile of main line and branches, with $10,000 additional for
second track, an amount equal to the par value of prior liens being reserved
to retire the sam e. N ot exceeding 33 1 -3 % of this aggregate amount m ay
be Issued for equipment and not over 30 % for terminals and shop facilities.
Three years coupons were clipped from $1,970,000 bonds Issued to retire
nref. stock of old com pany.
In 1907 $8,173,000 bonds were outstanding.
V . 84, p. 1426. Additional amounts will be deposited under collateral trust
1331* V . 84. p. 1549; V . 85, p . 598; V. 86, p. 980.
The $30,000 ,000 d e b e n tu r e 4s of 1902 were Issued to pay for new equip
m ent new mileage, permanent Improvements, & c., $2,o00,000 paid elf
n°T h e collateral trust 5 % notes ($8,000,000) sold In May 1906 are a joint
yearly . N o n e w m tge. on lines owned when the debentures were Issued oan
obligation of the railroad and the Atlantic & Birmingham Construction Co.
be m ade without securing debentures thereunder. See statem ent, V . 74,
•and will provide for completion of the road and pay for steamships, equip
p 1507 204; also V . 7 5 , p. 680. The debentures are paid from cash In the
m ent, coal and Iron purchases, water terminals at Brunswick a.nd shops.
treasury and not included In the Income account. V . 7 7 , p. 2338.
The notes will be secured by deposit of $6,000.000 1 Atlanta HJrm'n
The 4s of 1905 ($50,000,000 authorized Issue) are convertible at par be
Atlantic 1st m tge. bonds as earned and $ 4 ,600,000 pref. apd $10,000,000
tween Tune 1 1906 and June 1 1918, and m ay be called at 110 on any Interest
com . stock (a m ajority of both classes), and $1,206,000 equipment n o te so f
d a y , but when called m ay be converted Into stock provided the
the R R ., entire stock ($5,000,000) of Birmingham Coa & lio n <:,o .. owning
vorvinn h*m not exnlrcd
No new m tge. on lines owned Jan. 1 190o shall
35,000 acres of coal and 3,600 acres of Iron ore lands (subject>to a $ 2 ,0 0 0 , 00
be made without securing the1^ n^ er^Lb1?.
V> 7 9 ’ p * m tg e .). and the entire stock and bonds ($1,000,000 ea c h ) ° f Brunswick SS.
Co
V . 8 2 . p . 1267; V . 83, p . 35, 12 9 0 ; V . 8 4 , p . 270; V . 85, p. 1404. Equip
obligations June 30 1907, $1 4 6 9,535 .
a lfiVmma Terminal
vertlblc bond”
Of the bonds ($26,056,000 of 10-year 5s, part of an Issue m ent
The controlled companies, the Georgia rerm lnalC o., A lab am a I erminai
«r tan nnn nnoi S9 943 000 were subscribed by stockholders at par, payable
R Il , Birmingham Coal & Iron Co. and Brunswick SS. C o ., in iuu7 smu
30 % ^o^subscription7 3 5 % between Jan. 5 and 10 1908 and 35 % between
$3 0 0 0 ,0 0 0 , 8 2 ,400,000, $2,000,000 and $ 1 ,000,000 bonds, respectively.
Tune 5 and June 10 1908, or In full on any of said dates, and the remaining V . ‘8 4 . D. 1427, 1551; V . 85, p. 470.
$16,113 ,000 sold. The bonds are convertible Into com . stock at P*)-1* to
’51 4
uA
t tTrE
oS
oT
i m
vN
. uIm
i uS. — ]j 1907-8
1 wui - o ------ Gross $I*221>105, net, ®
L
E AuR
NG
8 m os.. July 1 to Feb. 29.1 1906-7 . . .G ross, 1.016,678, net. 2 49,o l4
many be^onvertecTfnto stock proVlded°the^hn e for*corweVslon has not exR E P O R T for year ending June 30 1907 In V . 85 p.
and
miles, gross, $1,589,148; net, $419,213; other Income, 515,938, interest and
P' ‘rine tlm°5s of W o fth °e % u n d e ? 'v ? 8 4^ 9 7105?? 1112; V X ™ £ § 7 ? 283 529'.
taxes, $386,074; balance, surplus. $49,077. I>rcsA ii!uL A t la n ta ' i a '
‘
The followlnVmlscellaneous divisional bonds, In addition to those shown
Atkinson, Atlanta, G a.; Sec., R . E . C u l l l n a n e .
Office, A tlanta. Ga.
In the table above, were outstanding on June 30 1907:
Directors— H . M. Atkinson, P. S. Arkwright, Morris Brandon .G e o . Dole
Mnme of issue
Date.
Interest. Outstanding. Maturity
W ad ley, G. W . Brine, R . E . Culllnane, It. M- M ilam, F.
SlslL W . IL
6 g F -A
$618,000 Aug 1 1 9 1 3
Stovall, Atlanta; Gordon A b b ott, Boston: A . D . Russell, Percy
6,
Gulf Beau & K C 1st M gold............. 1893
F. L. Eldrldee, New York; W . A . Handley, Roanoke A la ., Cecil Browne,
2 d M « 1 3 8 500 are 6 s ) _ - ............. 1893 5& 6 g F -A
315,000 Aug 1 1 9 1 3
Talladega.— (V . 84, p. 1426; V . 85, p. 39, 1082, 1143, 1204.)
Cane Belt 1st M .g fr e d - - 11............. 1901
5 g J-D
750.000 June 1 1921
F IN A N C E S .— In 1906 the dividend rate on the com . stock was raised to
•ATLANTA & CHARLOTTE AIR LINE RY .— (S e e M a p S o u th e r n Railway
r.o- and In 1907 to 6 % , but In 1908 reduced to 5 % rate. V . 86, p. 8 oo.
System .) — Owns Charlotte, N . C ., to Atlan ta, G a .. 209 mil ■ •
.
thc
The operating contract of 1881 accepted by the Southern R y . req1
.
A s ^ ^ t h e authorization of conv. bonds and stock In 1907, see above.
paym ent of Interest on A t. & C. debt and 5 % on stock! If
earnings ex
T ATTEST E A R N IN G S .— J19 0 7 - 0 8 . -Gross, $62,802,855; net, $18,692,240
cccd $ 1 ,500,000. dividends to be 6 % , and If they « c e « l $ 2 ,500 000 7 % .
8 mos
Julv l to Feb. 2 9 .1 1 9 0 6 -0 7 .-Gross, 00,959,258; net, 23,033.722
In 1907 the bonds (three Issues) were extended 3 years.
;. chairman
8 Deducting taxes and rentals, balance for Interest In 8 months of 1907-08
Stock largely deposited with a com m ittee, W . h " \ , , ! nU? i , )rcvCnt increase
was $16 790,223 , against $21,488 ,233 . Road operated, 9,408 average miles
(IJ. S. Mtge. & Trust Co. depositary), until M ay 1 1010, to prevent increase
In 1907-08. against 9,243 miles In 1906-07.
of m tge. debt unless stock Is recompensed.
V . s.s, p. r»
•
Report for
R E P O R T .— Annual meeting third Thursday In October,
D IV I D E N D S .
H 881 to ’89. 1890. 1891 to M ch. 01 Incl.
Since
year 1907 was given In V . 8 5 , p. 915, 938: see also page 892.
P ercent—
] 5 yearly.
5M
6 yearly (M &SL 7 yriy^(M&S)
19 0 7 . . . .- - - G r o s s ? $ 2 ,558,430; net. $716,429
1004.
L A T E S T E A R N IIN G S .—- 1-------Years ending June 30— 1907.
180J '
100f 's n *
8,180
7 mos*
to
.“ 3 0 . { 190611...........Gross, 2 ,373,239;
638,093
Average miles operated9,273
8,434
8,305
I'yARNINGS.— F w year ending Feb?"2*8^ 1 907, gross, $4.169 ’423, against
Freight earnings
- - $65,500,309 $o4,a98,903 $47,408,98.. $47,702,653
15,433,774
$3,975,698 In 1905-06.
Pres., C. S. Fairchild, N . Y . — (V . 83, p. 1410.)
Passenger
............... 21 171 629 18,013.988
16,045,380
4,974,773
M M ife ip W
m i 'Z w
$ , 4 3 1,4 5 0
4 ,0 2 1,4 7 5
A T L A N T A T E R M IN A L C O — Owns union pa^enger station ^pened
May 14 1905. with approaches, used by Southern Ry.,^Central or Georgia,
,171,200
Total earnings------------- $93 ,683,407 $78 ,044,347 $68,375 ,837 $68 ,222,032
R
y
?an d Atlanta & West Point R R .
Stock, $ 5 0 ,0 0 0 .
"
f
45,517 ,384 42
portions by the three companies named, which pay an charges anu ex
Operating exp en ses-------58 ,867,901 48 ,497,518
penses
on
car
basis.
V
.
76,
p.
593,
1394;
V
.
77.
p.
699.
$22,858
$25 ,949,168
Net earnings--------------- $34 ,815,506 $29 ,546,829 $23,672 ,453
A T LA N T A & W EST POINT RR — A tlanta, G a., to W est.P o in t, Ga
,355 $27 ,197,942
Total net In co m e -----------$35 ,568,674 $30 ,893,230
86 miles. Georgia R R . June 30 1903 o w n e d $547,200 stock and $.188 ouu
386,464
293 ,553
225,936
159,163
R ent of tracks, & c--------deb. cert. A belt line around Atlanta, 5
miles, '^ operated at lentai or
1 ,916,137
1,926 ,696
,118,633
,502,650
2
Taxes ___________________
2
$16,000 yearly— 4 % on Its cost. V . 71, p. 963; V . 73, p. 3. •
9,611 ,510
9 ,418,770
Interest on bonds-----------11 487,935 10 ,622,184
5,708 ,690
5 .708,690
D IV ID E N D S begun In 1855 were for many
2 5 % extra
5 ,708,690
Dividends on p re f., 5 % .
5 ,708,690
July 1 1884 to July 1901 Inclusive, 6 % yearly, J & o . p c t . i lsuu, zo /» extra
Dividends on com ., 5 H % 5 ,655,032 (4)4 ,078,220 (4)4,078 ,220 (4)4 ,078,220
116,802
98 ,250
412,253
(V . 69, I>. 590); 1902 (?); 1903. 6 % ; 1004t’ ,^ a%4 r j ^ ^ t h e r ‘ income $8 3 12
441,427
M iscellaneous.............—
In
1906-07.
gross,
$1,186,100:
net,
$428,754,
other
income,
$8,312,
4 ,500,000
Im p ’ts written off----------9 ,600,000
charges, $327,192; dividends, $73,932; surplus, $3o,942
In 1905-06.
gross,
$1,043,973;
net,
$397
,68
1.—
(V
.
69,
p.
590;
V.
71,
p.
963.)
Balance, surplus..........
$13,775 $3,227,314
$1,955,436
$5,572,831
ATI ANTIC C IT Y R R __ Camden to Atlantic City, 57 m . (double track)
O F F IC E R S .— Chairman of Executive Com m ittee, Victor Morawctz; E .
bmnehees Winslow JuRn c U o n W C a p e M a y , N . J . 5 5 m . WUllamstown 23
P . Ripley, President; D . L. Gallup, Com p.: H . W . Gardiner, Asst. Treas.
m .; Gloucester, 12 m .; Sea Isle City, 12 m ; Ocean City, \0 n . , total, 168
Directors.— Charles Steele, Edward J. Berwlnd, Geo. G. Haven, H . H .
V . 72, p. 1278. ST O C K , com ., $2,625,000; pref., $1,000,000 (par, $50).
Rogers, H . Rleman Duval, Thom as P. Fowler. Vlrtor Morawetz. New York.
Reading Co. owns over 9 9 % of stock, and guarantees co m o I 4s, prlnc!loal
John G. McCullough, Verm ont; B . P. Cheney, Boston, Edward P . R ipley,
and Interest. Form of guaranty, V . 75, p. 1808. Of the latter, $2,650,000
Byron L. Sm ith, Chicago; Andrew C. Jobes, W ichita; Howel Jones, Charles
are reserved to retire prior Hen bonds.
See V . 73, p. 81.
I here are also
S. Gleed, Topeka: H . C. Frick, Pittsburgh.
outstanding $23,500 Sea Coast R R . series A 5s and $2,834 series B 5s. l o r
O F F IC E .— 5 Nassau S t., N . Y . — (V . 8 6 , p. 284, 8 5 5 , 980.)
year ending June 30 1907. gross, $ 1 ,925,824; net, $274,361, fixed charges
and taxes, $.*104,138; perm, imp ts, $181,110 bai., deficit, $ 2 1 0 ,89o.
A T L A N T A B IR M IN G H AM & AT LA N T IC
1
%
(V . 82, p. 750.)
wick to W ad ley , G a., 326 miles; Sessoms to Way cross, G a., 26 miles, H tzgcrald to Thomasvllle, G a., 81 miles; branch, Bushnell to Crystal Lake, 33
AT LA N T IC COAST LIN E CO — (See M a p .)— Organized May 20 1889
miles; branch Manchester to A tlanta, 76 miles opened Jan. 1908; Alabama
under the laws of Connecticut, and owns a m ajority of capital stock and a
division, Talladega to Ashland, 32 miles, acquired Sept. 1 1906; total Jan.
large amount of the bonds of the Atlantic Coast Line R R . below.
1908 574 miles.
(V . 84, p. 1426; V . 80, p. 115.)
.
S T O C K .— As to certificates of Indebtedness, sec editorial O ct. 1897, Sup
Is engaged In building an extension from M ontezuma, G a ., to Birming
plement, p. 3; V . 65, p. 564; V . 71. p. 1310. In 1898 $ 5 ,000,000 stock was
ham . Ala , 261 miles, with branch from Manchester to Atlanta, 76 miles.
distributed as a 100% dividend (V . 67. p. 054), and in 1900 $10,000,000_ 4 @
Of this. M ontezuma to W adley, 131 m ., was operated In Jan. 1908; balance
certificates of Indebtedness (Including S2 -500^ ^ 0 ^?1
antioaC° In 1906
expected to be In 1908.
Branch from Bessemer, A la ., to Mulgay, 14 miles,
r r . C o .), also a 100% dividend.
V 71, p. 697; V . 73, p. 493.
In 1900
to be completed In summer of 1908. Terminals at Atlanta and Birmingham
stockholders subscribed for $2,100,000 stock at par, raising amount^out
and steamship connection at Brunswick have bcensecured. Th eA tlan tlc & standing to $12,600 ,000 . As to securities pledged to secure equally the
Birmingham R y . was merged In April 1906. See V . 82, p. 867, V 83, p. 3o,
certificates of Indebtedness, see V . 71, p. 1310; V . 83, p. 560.
1290
'I’ he Georgia Terminal Co. and the Alabam a terminal R R ., having
CASH D I V ’S .l ’ 97. ’ 98. ’ 99. ’ 00. ’ 01. ’ 02. ’ 03. ’ 04. ’ 05. ’ 06. ’ 07. l a 0 8 $ 1 500 000 and $ 3 ,000,000 stock,respectively, all owned by the railroad P ercent
/ 3H
4 4H
5 4H 6H
8
8
9 10 10 « ; U . .
company wll provide terminals at Atlanta and Birm ingham , respectively.
P Balance’ sheet June 30 1907, V . 85, p. 717
Chairman of board, Henry
V 84 d . 1426 V . 85. p. 1204.
Brunswick SS. Co. operates between New
W alters. Directors, Oct. 1906, V . 83, p. 8 9 0 .— (V . 86, p. 545.)
York ’ Brunswick and H avana, Cuba. V . 82, p. 1267; V . 83, p. 35, 1290;
AT LA N T IC COAST LINE R R .— {See M a p .) — *Operates^from Richmond
V . 85, p. 344, 470, 1204.
and Norfolk, V a ., on the north, to Fort Myers. Port l a,mPa an^ ^ 1
tYcl
ST O C K authorized, $25,000 com . and $10,000 5 % non-cum . pref. per m .:
Fla., on the south, and Montgomery. A la ., and Augusta, G a ., on the west,
par of shares. $
; Issued May 1907, $16,170,700 com . and $8,180,700 pref.
Tiichrr Sept
10 0
net_,
[VOL. LXXXVI.
RAILWAY STOCKS AND BONDS.
14
IN T E R E S T OR D IV I D E N D S
R A IL R O A D S
M iles Date
of
of
Road Bonds
For explanation of column headings, & c., see notes
on first page of t a b l e s . ___________
165
9
53
85
Atlantic
St Lawrence— Stock 6 °/o rental Grand 1 1 It
Atlantic & W estern— First nitge $ 3 ,000,000 g o l d -.I B
Augusta & Savannah— Stock 5 % rental Central of Ga
Augusta Southern— Flret consol m tge g o l d ----C e .x c
AmriKt-i Union Station— ‘First M 5250,000 gold— - o o
A v o n Q e n e s e o & M t M o r r is
1894
1903
... —
t e x t ) ---------
Hoi,i Raffle Valley— See Pennsylvania R R - . - - - - - - ij-i* c. Annan Short Line— See ‘‘ Street Hallway Sec.
Baltimore Chesapeake & Atlantic— 1st M g o ld -.M p ,c *
R M t& <Cumherland Val R y— 1st M Interest rental------5 ? I % Cumberland Val RR— 1st M Interest rental— .
B & C V R R Ex ten— Stock gu ($270,000 carries 7 % )
• First m ortgage Interest rental----------------------- - - - - Ba
Baltimore & Harrisburg RR— Mortgage gold.M eB a.c*
First M W est Ext ($10,000 p m) gold gu ar.M cB a.c*
Baltimore & Ohio— Common stock $ 1 52 ,75 0.00 0..........
Pref stock 4 % non-cum authorized $ 6 0 ,0 0 0 ,0 0 0 -----Prior lien m tgc gold not subject to call-------Me.c*&r
do
do
registered----------------------------------First M gold redeem at 105 after 1925-------Us.c*& r
do
do
registered........................... - - - - - Soutlnvestern Dlv 1st M $45,000,000 gold— F.c&*r
do
do
registered-......................... - - - • Pitts June & Mid Dlv ($20,000,000) 1st M g_C e.c*&r
P L B <& W V Sysref g red 100 after 1 9 2 5 -- U n.c* &r
New York D lv & Term first m tge $10,000 ,000 goldConv debenture $15,000,000 gold redeem (see t e x t ).
Notes sec by dep $3,000,000 P L E & W V a ref 4 s . Us
Notes sec by deo of Cl L & W h stock ------------- — is
Bonds Underlying First Mortgage 3 Yx %
Loan 1853 extended In 1885 gold------------------------------Pittsburgh & Con 1st M extended In 1896 In g o l d .- Bonds Underlying Pittsburgh Junction & Middle
Cent Ohio $2,500,000 con 1st M (1st loan) g.M eB a .c
Sandusky Mans & New $2,300,000 1st M ------ U n.c*
Pittsburgh Junction 1st M $1,440,000 g o ld --M c .c *
Second mortgage $300,000 gold...................... M e.c*
n “ Total Issued” shown In first left hand column,
xln addition $7. 035.050 are pledged as part colla
1903
88 *1894
3 1879
1879
27
32
15
1881
1886
1888
1,076
1,076
1,657
1,657
930
930
384
1,642
1898
1898
1898
1898
1899
1899
1898
1901
1905
1901
1908
1908
Size, or
Amount
Par
Value Outstanding
£ & $100
1,000 &c
100
1,000
1,000 &C
100
1,000
500
100 &c
50
1,000
1,000
1,000
100
100
500 &c
500 &c
500 &c
500 &c
500 &c
500 &c
500 &c
1 ,000
113,000
500 &c
377 1853
58,000
1,000
1808
D lvis \o n 3 Vx s
1,009,000
1 ,ooc
144 1886
638,000
1 ,ooc
116 1869
a959,000
1,00C
7 1882
a250 ,000
1 ,ooc
7 1894
baianc e being owned 1 y Baltimore
or the Pitts bur eh Lake Erl
teral
O RC A N IZ A T I O N .— Originally the Atlantic Coast Line of V a . (change of
O R G A N 1A A l iU 1N. VI s
1900): April 18 1900 absorbed by consollda-
Coast Llne*Cm U)f Coim.) owns $24^,2IW,000 command
&' W es tern' R y . ^(‘ *P lant Sy s t em ” K w hfchow ned and
C°I n rOctd im )2 a ^ u R e d W$30m600K,000 o U h e $60,000,000 Louisville & NashH R stock for 510,000 ,000 cash. $35,000,000 In 4 % collat. tr. bond
.n ,l % 5 000 000 Stock. V . 7 5 . p. 7 33, 7 92, 905; V . 79. p. 785.
s T o A c — A tl Coast Line of Va. class A (Rich. & Pet. ctfs.) tax-exem pt
ctnekw
as assumed
assu m ed as SO
so mucil
much Ol
of the
com. aiucB
stock ui
of the
new com pany..
WAS
IIIC uum.
tno
Stock
\\ov
as USSUUicu
n
nart.
Tn N
1902 $5 000.000 __
com . stock was irlvpn
given In
part navment
payment ol
o fc o n t r n U l n e Interest Id Louisville & Nashville stock, $8,500,000 additional being
K c r f b e d tor as part of the same transaction at $125 per share.
In N ov.
suDscripeu
o .. stock
. «
i00,1(„i as
oo n
n dlv
den
1904C$7,3 3 0ioi
. 00a
“e> com
Issued
a 8
200 %
% scr
scrip
dividend.
V . 79.
P- stockholders v o ted M ch . 8 1906 to Increase the total authorized stock to
$60
m on )., $4,557,600 was subscribed
for
.«/> 000
non 000
ooo-- of the new stock (all
ian com
coumiuiu
"
‘ ,
Lv
hv°sstock
took hold era at par In May 1906, raising the amount of com stock outstandm g to $4”
600 (Includingclass
(Including class “" A
A ” stock ). V . 83.
400 ,.1295.
Ktandln'r
$48 ,537P
537,600
83, p
p., 490,
129o.
^T
he
for 12o % In
. Th
e nref
pref. stock ($18,850,000) was In 1902 m ostly
ostlv exchanged
c
~ . certificates
L .n
1.
P IIndebtedness.
m / 1 n K f a r l n ACS
YVt. 77.),
5 , pp.
. 1252.
4%
of
12o
•00. ’01. ‘02. '03. ’0 4 . ’05. ’06. ’07. 1908.
D IV ID E N D S (% ) —
___ . .
3k$ 5
5 a 5
6
6 6Jan.,3
5 "5
5
5 M ay2H
Common (lncl. Class " A " ) --------- - - “ gi ujT'J 5
Pr« fAIM*2o'%&InNcom f s tock'.'scdp"anil 5 % In Atlantic Coast Line Co. 4 %
certs^of Indebtedness. ® V . 81, V ' ™
b j a n . 1908 dividend was paid In
Atl Coast Line R R . 4 % certs, of Indebtedness. V . 8 0 . p. 1 0 1 7 . 1070.
H O N R S - F i r s t consol 4s of 1902 ($80,000,000 auth limited to $20,000
BONDS.
r lrst consoi. •
-8
Gf roa(i and a blanket Hen on 2,927
per mile) arc a first lien on abo
.
m t..
ronsols are issued or
m . owned, subject to the underlying bonds.
1 he first consois are issued or
reserved as follows:
_
7Pl. v 77 n 1872; V . 78,
^ t l g ? v ' s i ' P ^ 6 3 &(o fw h lch ’$ 3 ;7 9 8 .5 0 b ln ’treasury)-----------$47,322,450
Reserved to take up underlying »en s— - - - - - - - - - - - - - i : ” - "
4 ’oo4 300
Reserved for e3ttensl°ri3. 1' I’ P u ’teu0 rlzetl*1n N ov. 1904 to acquire the Jackso ^ v S in
T a ck so n v in e.F la .. to Anderson
89 m iles, and to^c*tcnd^the r o a d ^ traist’ 4s of 1902, see ’ ’ Organization
There were outstanding also J
Southwestern freight certificates.
n^<rT l907Ilssuedt^$4^5o6^000^4 % 8«pd pm m it trust notes; also $5,000,000 5 %
00o
s t r a ig h t -y e a r gold n o ^ . V ^ 8 4 ‘ J .
50‘0
authorized, of which
The Washington & vanaem crc
Ir,;knHorsement
V 84 o 1246.
$720,000 outstanding) are guar., p. & L , by endorsement,
v . 0 4 , p.
L A T E S T E A R N IN G S .— 1 1 9 0 7 -0 8 .-Gross, $17,441,190; net, $$.062,105
8 m os., July 1 to Feb. 2 9 .U 9 0 6 -0 7 .-G r o s s , 17,340,585, net, 4,364,135
R E P O R T for the year ending June 30 1907 was given at length In V . 80
p. 1335, 1342 (see also editorial, p. ! 3 0 5 ) . ^
1905-06.
1904-05.
$22,222,902
$24,868,448
Gross receipts............... ..........................$ ? * ’I l i ’n i?
16,892,199
14,189,767
Operating expenses and taxes--------- 2 0 ,442,0
$8,033,135
$7,976,249
. . $6,329,501
N et receipts from trafflc.
729,934
593,749
.
837,428
Other Income________________
1,836,000
1,683,000
"
.
1,836,000
Dividend on L . & N . stoclc.
$10,542,183
$10,309,884
Total net receipts.............................. s a o 2 2 ’208
$4,862,448
$4,783,427
Interest on bonded debt, & c............. 5 0 ,ano’7 A«
856,744
862,792
In t. on certs, of Indebtedness--------(6)2,638,800 (5)2,015,750
Dividend on common s t o c k - . - - - - ( 6 ) 3 .oro,zoo
86,335
79.830
Dividend on preferred stock (5 % ) 7 9 .B*>()
$2,567,627
$2,098,312
Balance surp lus.- - - - - - - - - - - - $125,869
O F F IC E R S .— Chairman of B o a r d ,H efiry W alters; P<JesA ’ ^ P ^ T i c e ^ J l T . ^ K e u f y ^ . M ^ . w i N Royall; S ec.'/H erb ert L.’ Borden;
Treas., James F. Post.— (V . 85. p. 1517, lo76.)
1,250,000
48 ,500
72,800
390,600
230.000
690,000
240,000
152,174,829
60 .000,000
172,820,000
170.963,000
J
143,590,000
J
1x0.175,480
31,347,000
See text
140,000
1 .000
6,000.000
10.000&C
3 ,000.000
5,000
AT LA N T IC COAST LIN E R R .— (Concluded)—
. Pharlp, ton s c
reaching the ports of Norfolk, V a .; W ilm ington. N . CL, ^ w l r a t o n . S. C.
Savannah and Brunswick, G a.. and Jacksonville and Port la m p a , 1 la.
Lines owned, & c.— (Con.)— M iles.
Lines owned and trackage— M iles.
Paola Jet. near Sanford to St.
Richm ond, V a ., to Port T am pa,
Petersburg, Fla---------—
906 Palatka,
F l a ...................................................
Fla., to B rooksvllle.- 145
Norfolk, V a ., to South Rocky
MUldale, F la ., to W ilc o x .............
104
•M o u n t ........ .............................. ......... } } " Branches, &c--------------------------------Contentnea to W i l m i n g t o n - .- -- -I0 o
/ €(i sed—■
W ilm ington, N . C ., to Pee Dee
Central R R . of So. Carolina—
J u n ctio n .........................\ - —a —
Lane to Sum ter, S. 0 ...............
4U
Florence, S. C ., to Augusta, G a --1 6 b
Other lines...................................— _ _ _ _ _
Sumter to Columbia.............- - - — Yadkin Jet. (W ilm ington, N . C.)
Total In earnings----------- — - .4 .3 6 0
to Sanford............... ..............- - — ‘ .JJ Closely allied lines (see each co.) —
W aycross, G a ., to Folkston, G a .. 34
..........
& Nashville
Jesup, G a ., to M ontgomery. A la .3 5 4 Louisville
Charleston & W est Carolina . . .
341
Brunswick, G a ., to A l b a n y --- — 169 Northwestern R R . of So. C ai__
71
Dupont Jet. to Fort Myers, F l a .-349
SeSavanna0h f f i d a
$5,484,000
100,000
1,022,900
400,000
225,000
225,000
Where Payab e, and by
Whom
When
Payable
late
%
Bonds— Princi
pal, When Due
Stocks— Last
Dividend
London and Portland
s International
Tr Co, Dost
Savannah, Ga
J P Morgan & Co, in y
Safe Dep & Trust Co,Bait
Erie Railroad, New York
1908
3%
1 1944
6 1908 2 14
1 1924
1 1953
1 1908 1 M
M & S Broad St Station, Phlla
J
J Farm & Mech Bank, Bait
do
do
J
& J
do
do
& J
J
do
do
& J
J
do
do
M & N
do
N
do
&
M
n 1907 M & S Co’s Office. 2 W a llS t.N Y
do
do
n 1907 M & S
do
& J
do
3H g J
do
do
3^ g
Q— T
do
do
4 £
A & ()
do
do
4 i
o—J
do
do
& J
3 >3 g J
do
do
3« g
tf— J
do
do
3.14 g
Z
do
do
M & N
4 g
do
do
& 1)
J
do
do
M & S
4 g
________ ________________
\1 & s
5
s
1934
1929
1929
1908
1931
1936
1938
190 8 3 %
1908 2 %
1925
1925
1948
1 1948
1 1925
1 1925
1 1925
1 1941
1 1948
1 1911
l 1909
2 1909
6
M
J
J
J
&
&
&
&
&
&
J
3H
J
j
j
D
J
J
6 “
6
&7
6
5 g
July
July
July
N ov
Nov
June
Mch
Mch
Mch
4 g
4 g
A
J
&
&
o
J
do
do
do
do
Oct 1 1935
July 1 1946
414 g
7
6 g
5 or
Ohio
% West
M
J
J
J
&.
&
&
&
s
do
do
do
do
do
do
do
do
Sept
Jan
July
July
Virginia
.1
J
J
S y s . 4s.
1
1
1
1
1930
1909
1922
1922
z Coupons M & N : reg bit O -F .
ATI ANTIC & D A N V IL L E R Y — (See M a p Southern R y .) — W a t N or
folk to Danville. V a .. 203 miles, three branches, 22 miles; James River Jet.
to Claremont (3-ft. gauge), 51 m .; total, 275 m .
Leased to Southern R y .
from Sept. 1 1899 to July 1 1949 for taxes, repairs, oia'n t«ian ce a m l ^ h
rental sufficient to cover Int. charges, with privilege ^ re n e w a ls fot terms of
99 years.
In addition the Southern R y . agrees to
l o 0! aoVr *
dends on com . stock as paid on Its own com . stock. \ .71 .p.4 *7, v
:
S T O C K .— C om ., $2,180,000.
Pref. shares were canceled pi lor to July l
1004
So*' V 71 n 1S 1 SO2* V 73 . D. 722 , 950; V . 79 , p. 0 *2O.
B O N D S .— Of the $4,425,000 4s of 1900, $500,000 can be Issued only for
improvements upon request of Southern R y .. Interest charges to be covered
by Increased rental. Of the $1,525,000 second 4s remaining, $750,000 will
be Issued July 1 1909. V . 77, p. 1 9 5 .— (V . 7 9 . p. 78a, 067.1
AT LA N T IC & Q ULF SHORT L IN E .— See V . 7 3 , p. 615; V . 76. p. 1354.
ATLA N TIC & L A K E SU PE R IO R R Y M n Tuly
dla, Quebec, to Paspeblac, 100 miles (Bale deiC haleum R y .). ownea bt
wregolre to N lcolet, 7 m .; St. Francis to Yam aska, 6 m . Y ^
10 m .; Lachute to St. Andrews, 7 m .; total, 130 miles-„ w as u n aerco n
structlon. Paspeblac Jet. to Port Daniel, 21 in.. Plerrevllle to N lcolet, l.> in..
St. Gregolre to Chaudlere J et., 67 miles.
„
v 8r
The reorganization plan Hied March 190?
11tY v ^ it *wis~ understood*
97, 220, 468.
In July 1907 A tl. Quo. & W e s t .R y ., It was understood,
arranged to purchase road. V . 83, p. lo22, V . 8 0 , p. 97
•
-I ■
During year 1903-04 road was operated by trustee Tor
-StiKk
authorized, $10,000,000; par, $100; Issued, * 2
‘ i on4 gmss '$ 5 7 346^
as collateral, 6500,000 4s.
For year ending J u n eS O W O * . ffross^$57,346,
net, $11,66.3.
Pres., Hon. J. R . Thlbaudeau^Sec., Edgar N . Armstrong,
__________
(V . 84, p. 929; V . 85, p. 97, 220, 468.)
MontreaLATLANTIC & NORTH C A R O L IN A R R .~M oreh ead City to Golds
boro, X . C .. 95 miles. State of North
rf.1' i m
1’ A t ^ r *
$1,797,200 stock. Leased from Sept. 1904 to Jan. 1 1996 to Atlantic *
North Carolina Co. (the lease being later transferredto'Norfolk: &i Sou them
R y.) for Interest on bonds, taxes, & c., and dly dendis <it 3 / u y
.
J,^r.
20 years, Increasing 'A°o yearly every ten years unt
. ,0 > *
>
thereafter. 6 % ; lessee also agrees to expend $250,000 by bept. 2 i.nu
for Improvements and equipment. V . 79, p. uur.
TtnAnr lease
> D I V I D E N D S — ' 9 3 . ’94. ’ 95. ’96. ’97. '98. 99. 1900-04. U ndeM ease.
1 W a r n i n g s .— For year ending June 30 10O.6,’n^r<f,oS7 ^d^vldenis1
6
16’
739; other Income. $7,246; Int.. taxes, & c., $105,607, dividends, $53,916.
b a l., sur.. $2,462.
Pres., Frank S. Gannon.
(V . 8 3 , p. Io 90, i o 2 2 .)
AT LA N T IC Q UEBEC & W E S T E R N R Y .— V . 85, p. 97; V . 86, p. 167.
ATLA N TIC VA L D O ST A & W E S T E R N R Y .
Sec Georgia So. & Fla. R R .
A U G U S T A & SA V A N N A H R R .— Mlllen to A u ^ s t a ^ a . , 53 milesIn
1895 re leased toC en .of Ga. for 101 yrs. at 5 % on stock.
(V . 61, p. zau.j
A im iiQ T v ^ o ilT H F P N R K .— Owns from Augusta to Sa n d cm v lllc,G a..
SO^rniPan^Sti^eratdlk! <& ^ n n llt e ^ R R .. '}.*m ,-H-173e d° , 3*435111 Com stock*
1901 acquired about four-fifths of the stock. V . 73, p.. 343. Com. stock.
$400,000; pref., $350,000; par $ 1 0 0 . Year ending^ June 30 l.)( 7, gross,
$163,008; deficit under operating. $6,909, charges, $ -8 ,0 6 3 , baianc ,
deficit, $ 34,972 .— (V . 80. p. 2219, 2456.)
AUGUST A UNION STATION C O.— Owns union passenger station at
Thos. K . Scott; Sec. and Treas., Carlton Hlllycr.— (V . 8^, p.
•)
AU ST IN & N O R TH W ESTE R N R R . - S c c Houston & Texas Central R y.
es:
3 ^ % on stock.— (See V . 63, p. 512; V . 62, p. 318, osiro
?>»*'»•.
B A IN B R ID Q E N ORTH EASTERN R R — V . 86. p. 720, 9S0.
B A L D EA G LE V A L L E Y R R . Merged In Penn. R R . In 1 9 0 8 . - V .
86. p. 601. 419.
B A L T . & A N N A P O L IS SHORT LIN E R R . - S e e Street Railway Section.
n . , T , . . n „ r (' i i n e u ) P t k P & AT LA N T IC R Y .— Owns Claiborne to
B ALT IM O R E C H E S A P E A K E
total, 88 m .; from Claiborne to BaltlOcean C ity, Md . . 8 7 m .; branch, 1 m . , w w . ^ „ n^ owned( x >131 m . ; total
more 44 m ..transfer Is made l
■ (Controlled by Penn. R R . and allied
mileage owned and o P ^ a U d , 1 1» ' •
l>ref stock, $ 1 1500,000 5 % cu m .;
n^ ' J n n n ’ (?rin4 1 n iv ° ’ tm nroP’ 2 % Mch. 1 1905; In 1906. M ch.. 3 % ;
c o m - $ 1 ,0 0 0 .000.
D lv .-o n P yept . , 2 % ; none since to March 28 1908.
° cf'i‘ “
untM on Jan 26 1905 to acquire a majority of the stock
of the Maryland0 Delaware & Virginia R ^ .. extending ^
Queenstown.
M d ., to Lewes. D el., with branches, a total of 77 m , and^guarantee $ 2 ,uuu,
000 of Its first mtge. bonds. , f ee ^ p o r t f o / y e i ? ’endlnV^Dro 31 1906 In
Fiscal year now ends Dec. 3 1 . R eport^. / eti S145>7^0: other Income
V . 84, p. 1302. Ill 1007, K l°ss* f
rA?()* halfinpo mirnlus $33,258.
$13 038: charges and Improvements, $l2o .o 20, oaiance, surplus,
— (V . 84, p. 1302.)
,
M aryland'R R 0<for sV y e a re ’froni July 1 1879, with privilege of renewal or
purchase; rental, Interest on bonds.
BALTIMORE . C U M B E R L A N I. V A U E V ^ T E N S I O N
boro to Shlppensburg, P a ., 26.52 nillM.
LCMed to w este
,st on bon(ls
for 50 years from July 1 1881, wlth pr v ege or rctuwai, tot
and dividend on stock, amounting In all to $38,730. bto rou
V . 75, p. 665.— (V 75, p. 665 )
R A IL W A Y
16
STO CKS
AND
fYOL. LXXXVI.
BO NDS.
Bonds— P rin ci
pal, When D ue
Stocks-—Last
Dividend
IN T E R E S T OR D I V I D E N D S
R A IL R O A D S
M iles Date
of
of
Road Bonds
F o r explanation of column headings, «fee., see notes
on first page of tables_________________
Lake E H e *
1Vest
^ n w a l
C O O ® golVl Redeem &
N°.c
■' Cons ret M $ 1 0 , 000,000 gold red at 1 0 2 M - -T a .c
Cleveland Term A Valley 1st M gold gtiar -M c.c*& r
vfnnnmrahela R lv R R 1st M gold guar B A O -.C e .c *
Ohio & Little Kan R y 1st M $250,000 red 105 gold
Ohio River llrst mortgage ($2,000,000) g o ld .-F P .c
General mortgage ($3,000,000) gold 1st on 39 me
R a v Sp A G1 1st M $400,000 g guar p A l .-F P .c *
Huntington & Big S 1st M ($400 000) gguar c*
Ripley & Mill Creek 1st M g gu p & 1 end-------c* Ar
Pittsburgh Cleveland A Toledo first mortgage gold
Pittsburgh Newcastle A L E 1st M extended In gold
P ttlb u rlh & W estern 1st cons M $10,000,000 g --c *
l'.llwood Short Line first m tge gold $300,000
G
\V V a & P 1st M gold 5s scaled; red at par- -iVleBa.c
Leased Lines, A c ., Securities
Ralt A New York R R 1st m tge gold guar-M eBa.cA
Mon River Coal M $1,500,000 gold s f redeem at pa
Schuylkill River E S R R 1st M gold guar p A l end
Staten 1st Rap Tran 1st M $ 1 ,000,000 g $ or £ - U s .c
New mortgage $ 5 ,0 0 0 ,0 0 0 -------------------- - - - - - —
Staten Island R y first m tge $ 1 .000,000 g o ld --M e .c
BaBimore A Ohio Equipment O bllgatlonsGround rent liens mlsc car trusts Ac June 1 9 0 7 -- .
Falrm Coal car trassum due $162,000 yearly MBa.c
- - c- 1
<« r> . ____
nVtiin Unit
WoiahlnortYV
BaF k s l mo*tgnffc°($l f. ,'7,Vh, |^ r mllW^'o\.I............... <l.c
Size, or
Amount
Par
Value O
Virgin la 4s
192 1893
192 1896
1 0 2 1900
88 1895
30 1889
72 1900
172 1886
209 1887
33 1890
1 1 1892
13 1888
77 1882
30 1878
215 1887
3 1892
176 1890
100 Ac
1,0 00
1,000
1,0 0 0
890.000
950.000
3.302.000
700.000
228.000
2,000,000
2.941.000
376.000
303.000
50.000
441.000
82,100
765.000
300.000
4 .0 0 0 .
13
1.0 0 0
...
1906
1,0 0 0
1,477,416
See text
211
211
77
32
15 M
412
28
54
1893
1895
1899
1899
1897
1901
1907
'9 2 -’ or
1905 1
10 0
1,0 00
1,000
1,000
1,0 00
1,0 0 0
1,0 0 0
l ,000
1,000
1,0 0 0
O c t 1 1933
June 1 1936
Jan 1 1930
N o v 1 1995
Feb 1 1919
Mch 1 1950
June 1 1936
Apr 1 1937
Aug 1 1920
July 1 1922
Aug 1' 1908
O ct 1 1922
June 1 1917
July 1 1917
Jan 1 1922
Apr 1 1990
A
&
A
&
do
do
N
D Amcr Bonding A T r.B alt
D
O Foot Whitehall S t, N Y
May 1 1939
Dec 1 1945
June 1 1925
Jan 1 1 9 1 3
&
D New YorkJ.Clty
J'une 1 1943
&
S Maryland Trust Co, Balt Sept 1908-18
&
&
&
A
A
A
A
&
&
50.000
5 g
765.000
5 g
5 .0 0 0 .
0004 g
1 .0 0 0 . 000
6 g
See text
511.000
4M g J
5 g
Where Payable, and by
Whom
O Co’s O ffice,2 W all S t,N Y
do
D
do
J
do
N
do
A
do
S
do
D
do
O
do
A
do
do
do
A O
& D First N at B k, Allegheny
J P Morgan A Co, N Y
Co’s office, 2 W all St. N Y
do
do
& O
5 g
5 g
4M g J
4 g
5 g
5 g
5 g
5 g
6 g
6 g
6 g
6 g
4 g
4 g
5 g
0004 g
1,0 0 0
1,00 0
1,000
1,0 00
12
11
V Bur extension first mortgage $500,000 go ld -G .c
Aroostook Northern first mtge $225,000 g o ld --G .c '
Consol refunding mortgage izO-OOO.OOO « - - - 0 R .c
Medford Kxtenslon 1st M $1,000,000 gold-------Us.c
Aroostook County bonds (assum ed )-- — ---------- -
North Maine Seaport 1st M guar p A l - - .U s m .c * A r
1,0 00
1,0 00
1,0 00
1,0 0 0
1,000
1,000
1,0 0 0
1,0 00
1,0 00
1,0 00
1,000
When
Payable
1889
1895
1903
1883
1905
1893
5M
l
$ 1,000
Rate
%
M
Checks mailed
&
2.342.000 4 In 1907
Guar Trust Co. New York
&
3.360.000
5 g
do
do
&
112.000
5 g
do
do
&
1.500.000
5 g
do
do
A
5 g
500.000
do
do
&
225.000
5 g
Brown Bros, N Y : & Bost
&
4 g
6.441.000
do
do
A
1,000,000
5 g
Various Fourth N at Bk, Boston
728.000
4M
A & O Brown Bros N Y B o sA P h
4.350.000
5 g
Jan
Jan
July
Jan
Jan
_.
Oct
July
May
Sept
Apr
1 0 ’ 08 2 %
1 1943
1 1945
1 1943
1 1943
1 1947
l 1951
1 1937
12-July 15
1 1935
O f which In partial exchange for old bonds..................................... S10/n n n ’ oon
Sold to a syndicate for cash requirements----------------------------------- 4 ,00 u,uuu
Of this Issue $6,175,480 Is In hands of the public and $7,635,050 pledged
as mart collateral for Pitts. Lake Erie & W est V a . System 4s.
aS Note.— The underlying bonds still outstanding In July 1907 arc In table
at ton of page. The underlying stocks still out $21,327 , par value.
(5) Pittsburgh Lake Erie & West Virginia System m tge. refunding 4 % gold
bonds (authorized amount $75 ,000.000) are a lien on 1,642 miles. consIsHng
of the Ohio River, Cleve. Lorain & W heeling, Pittsburgh & W estern. A c .,
forming a direct connection with Pittsburgh, Cleveland, Falrport, Lorain
and Sandusky, subject to underlying bonds outstanding thereon (see table
above)
In Sept. 1905 $29,060,950 additional underlying bonds. Including
$7 635,050 Plttsb. June. & Middle D lv. 3 M s, were held In trust as part se
curity. Of the total Issue of bonds, $32,785,000 are reserved to retire iindcrlving bonds and the remaining $10,868,000 are Issuable for additions and
Improvements; $ 8 ,000,000 of the bonds are deposited as collateral for the
$6*000,000 5 % notes due March I 1909. V . 86, p. 479. Sec full statement
V . 7 4 , p. 266; V . 79, p. 2793; V . 80, p. 1423; V . 86. p. 479.
. . .
( 6) The 4 % debentures of 1901 are convertible at the option of the holder
into common stock at par on 30 days’ notice (see V . 7 3 , p . J,1 ^
be called for payment at par and Interest on any Interest d a y , In the Inverse
order of their numbers. V . 72. p. 282; V . 73, p. 3 ? 7 • 1L j8, V . 7,>, p. •)>49.
(7) New York Division and Terminal lsf 4s (authorized amount $10 JJOO,
000) are secured by deposit with the trustee of all the Staten Island Ra.pl
Transit refunding 4s as issued ($5,000,000 authorized), all the $350,000
B alt. & N . Y . 1st 5s and the entire stocks of those companies. Of the
bonds $5,000,000 were Issued on June 30 1907 but held In the treasury, the
balance being reserved for the further equipment, development and exten
sion of the Staten I. properties Including B alt. & N . Y . R y . V . 83. p. 1042.
♦Includes 384 m also covered b y P itts.
M ^ a See this company.
In N ov. 1907 the Balt. & Ohio purchased 2,000 cars from the Fairmont
Operates Little Kanawha RK.., « . .
ppH 1896 but on July 1 1899
Coal C o., assuming part of 51,529.000 5 % car-trust bonds, due $162,000
H I S T O R Y . Recelvere were aP P ° ^ cdaJ^fRhe reorganization pkfn (In V .
yearly
p.• -1404.
ally to
tv Sept. 1918. V . 85, t'
-•
the road proper was return ed to th^om |>any ^
foreclosure, and the road
L E A S E D L IN E S .—-Schuylkill River East Side 5 % bonds were purchased
6 6 , n. 1235) having: been
& ° - Southwestern was reDec. 1 1903 at 110, per V . 68, p. 40, and $5 000,000 new 4 s Issued guaran
teed. p. & 1., by endorsement. V . 77, p. 174o; guaranty, V . 8 1 , p. 727.
The W est Virginia & Pittsburgh (see agreement In V . 67, p.
“ as
been operated since Sept 1 1899 under a 99 years lease, for 4 % on the m tge.
♦n Kn ;\nnronrlated to DAymcnt of liond Interest,
v . G«), p.
Tr*msfei^Hrt^l^wlRKdRwere^VedeeTned May 3 1907. An option on
The
AP 0 a cq u lred a t 125 $1,956,000 of the $2,400,000 Pittsburgh
pW i S T 1 Dec- 31 Cleve. & Toledo bonds. V . 70, p. 632; V . 7 6 , p. 47.
F IN A N C E S — In Sept. 1901 the authorized Issue of common stock was
Increased from 545,000 000 to $60,000 ,000 , to provide for conversion of
OOO.uuu weauuiK ^
acquired, the Lake Shore A Mlchl7 2 ^ p ° 282 0<3 ^ ? eninrjulF nf<yfd 114*,8^<?!ooo de*ben?ur|M Sakl^bcen'converted^
second preL and ^ ’ 0 0 5 ^ 0 0 com • '
taking about one-half. In 1904
gan Southern R y. Co. ^ Y i s "ach s0ld $3,950,000 of the common. V . 76,
V ! u7lis.CprU^ lo r^cfo2)2 -^c7i -fn00!
thei o i - % - ° 8 o nln Li 8 r)6
In 1903 a onc-slxth Interest In $6,924,200 of the
at sam cp r?ce with $20..?33,000 applicable to equipment, $9,329,000 to
t i i oobiooo Hocking Valley R y . com . stock was acquired. V . 77, p. 1225'
double-tracking between Newcastle and Akron,
m scellancous constn m
tion nn.i the remaining $12,454,000 to acquire stock, bonds, A c ., to be
V 7 9 . D. 2746; V . 83, p. 37.
n P M w o v r v A M T A t?H IN T E R E S T .— The Pennsylvania R R . Co. purnlaced under P i m . L a ki E . & W . V a . System m tge. V . 75, p. 549 080.
P E N N S Y L V A N IA R R . I N /
Jan. t i 008 owned directly $14,P Stockholdera ln April 1906 subscribed for $27,460,769 new com . stock at
oar the proceeds t<> be used for construction, Improvements and equipment
and the Redemption of $8 9 1 5 000 collateral trust notes due M ay
1906
raising the amount outstanding to $152 ,17 4,80 0. V . 82, p. s o / , v t t .
\i TIYIOPI- * H A R R IS B U R G K K .— cimory w o v e , xviu.
o m a w u i,
Pa * 9 m with branAte^ 7 m . total. 66 m . Leases B alt. & Harrisburg R y .,
W estern extension, Orrtanna to Hlghfteld, 15 m , guaranteeing interest on
Its bonds. Leased to W estern Maryland R R . for 50 years from Oct. 2>>
1886; rental. Interest on bonds and 5 % on P^ef- sto.c2c. (aU paId M & N ) ’
Stock, co m ., $090,000; pref., $ 29,100 .— (V . 4 4 , p. 812.)
n \ i t i m h d p A- OHIO RR — (See A la n.)— R O A D .— Operates from Baltlor^ \ o P^hfiacKlphki^ and Baltimore t o W a g o Cincinnati and S t, Louis;
. - ^ lle
at S ^ fia
_ 1 -S d 'r
.1 o w n n
nR
1 operaticTn*July
m f P(1 1n -I11 IV iI 9077*4,"006 milesT ‘ Royal
total
e/I
da
nfd
B lu e Line” (see Central R R . of rf.J.) gives access to New York
tlUL
, the
UIU following lines
The system embraces, subject to mortgages,
iiic oyo
a
\
c Pitt<jVuirrh & W estern________
e s te rn .---------------a i l
P ollen 3 M % M - d ,076 m.) Miles Pittsburgh A
77
B alt, to W heeling. Belpre, O ., Ac.721 Plttsb. Cleveland A Toledo...........
oi
Cum b. to Plttsb. & W . , &c-----------3oo Plttsb.Palnesv. A F a lr p o r t------Eastern
Ohio--------------------------------lsf M . 4 % — (581 miles.)
B alt, to Phi la. and branches...........x37 Trumbull & Mahoning....................
Chicago, HI-, to Akron, O - - - - - 3 7 8 Monongahela River R R ------------92
Branches to Fairmont ,W .V a .,& c . 66 Cleve. Terminal A V a lley----------1 Cleve. Lorain A Wheeling R y .,
South W . D lv. 3 M % M . —
Wheeling to Cleveland. A c - - - a l 9 o
Belpre, O -.vla Clncln. to S t.L . Ac 930
Ohio River R R . Lines—
Pitts. Jet 3 M % M — (384 miles)
Benwood to W heeling, A c .- .a 2 b o
Bellalre to Midland C ity. O .......... )
Shawnee to Sandusky, O ................ J377 W est Virginia .Short Line R R - - Ohio & Little Kanawha R R ------74
Pittsburgh Junction R R — - - - - - (
P .L .E . & W .V .S y s A % M .( * l M 2 m .)
Total of all (adding Baltimore
W est Virginia & Pittsburgh...........176
Belt and other l i n e s ) -- - ...........4,462
r
sa a O k .
t».
and
!•
W rfe WMl&WST
r.
Pacific system (Oregon Short Line) purchasing same. V . 83, p. 56^, . .
1036; V . 84, p. 50, 569.
__ Authorized Issues! Com m on, $ 1 5 2 ,75 0,00 0, see General r lnanJes” ^ elow ^p ref. 4 % 'non-cumulative, *
° reStfimlte§ ’ to6 4 %
^ e e ar 7ei ? n
pd
t
e
% D IV ID E N D S . 1000. 1901. 1902. 1903. 1904. 1905. 1906. l*0fl7. 1908.
P?e“
i ((% V :::
I
i
*
*
4
4
4
4 Mch.,2
R O M r m __ (11 Prior Lien
n first lien on main line and branches,
Parkersburg branch and Pittsburgh division, about 1,076 miles of first track
andkfy325 miles of second, third and l o u r * ^tracks.and
the equipment now owned of the value of upwards
'
•
after acquired. Total authorized, $75,0003900, of which $5,600,000 to be
issued only after Jan. 1 1902 (at not
enlargement, betterment or extension of the properties coveieu. bee appu
Ca\ % V lr s t SMmtgage ^%Go7d'Bonds'. Due July 1 1948 but subject to call
in whole or In part Rafter July 1 1923, at 105; a first 1lc|n on ttte PhlladelphUD
Chicago and Auron divisions and branches and the falrm on t Morgantown &
Pittsburgh R R .. covering about 581 miles of flrat track and about 573 m es
O f which reserved to retire prior lien bonds In I Q 2 5 - - - - - - - Issued and Issuable for betterment or, e/^ ensIO-” -0„ A p n ^ „ °1P
ertles covered by mortgages (1) and (2) ;,PnrI/ % e‘«oon()00^ a
additions or equipment; at not exceeding $1,500,000 a
year for the first four years .and at not exceeding $1,000,000
a year thereafter originally............. - - - - - - V ' t
(3) Southwestern Division lsf Mortgage 3 ^ s . T7 lri u^ y
lien upon the properties constituting the B . & O. South
western R R . system , or the securities representing the same,
covering about 930 miles of first track and about 401 miles
of second track and sidings. Total Issue...........- - - - - - - - - - - (4) B & O ., Pitts. Jet. & M id . Dio. 3 Ms. Expected to be ultl' matelv a first lien upon the railroads of the Central Ohio sysmm and Pitts Jet R R . C o.. 385 miles In all. Total - - - - Of which to be issued only at the rate of not e^f„crcdl/;i:rSat’Th0e '
000 ner vear for the first two years and thereafter at tne
rate of not exceeding $500,000 per year, for the enlarge
m en t. betterment or extension of the properties covered - -
75,000.000
2 7 ,0° ° ' 00°
45,000.000
20,000,000
o ,0 0 0 ,000
V ‘ ln3 i 'Pb.4l991()81$ 6 2o'00,000 one-year 5 % notes secured by*$8^^000,000 P'tts^
L . E . <& \V. Va. 4s were sold, and In March 1908 S^.pOO.OOO to acq
nearly all the minority stock (about 25?o) of the Cleveland L .
U Earnings of' July *l’9 0 7 b a s e d on 4,006 m i l e s , entire system , except
Valley R R . of Virginia, Ravenswood Spencer & GKnvUlc. 2 w hcelng
Kanawha, Cleveland 'l'ermlnal & Valley, Cleveland Lorain & Whecing^
E A R N IN G S .— 9 m os., 1 1 9 0 7 -0 8 ...G r o s s . | 5 8,055,251; net,
July 1 to March 31.
j 1 9 0 6 -0 7 ...G r o s s , $60,569 ,318 , net, 2 U .uzo.zai
A N N U A L R E P O R T .— Report for year ending Jv' ac 3d
iRrV^ n e ‘
non i igu
(Sec also editorial d . 976.)
Average rate pei ton P
•
5 70 mills In 1906-07 against 5.60 mills In 1 9 0 5 - 0 6 ; average revenue tra n
-0 ,0 6 .
W
Mall
e x p r e s s ','A c : :: : ::
3 : 470:859
o B a g g s a g ^ j s s i
&
s
3,688,153
1004-05.
1 9 0 ,0 4 .
•5S5SI32I $i t :i 4 6 :4 4 9
.3.265,769
3,307,528
8s i:? ;s:gss g
a
Total net Income-------$31,149,796 $31,148,675 $25,514,803 $23,718,377
Interrat and rentals-------$10,828,699 $10,558,036
$9,978,143
$9,627,851
1.376,885
1.305,510
interest « u ......................
1,759,795
1,448,364
485,778
427,656
Mlsc im p'ts A c ...............
1.115,672
1,077,975
2,500,000
Afkltlons A Im p rov’ t s - 3,000,000
3,000.000
D1 vs. on
on p
pref.
stock (4 yoi
%) 2,400,000
2.400,000
Dlvs
re t. stock
z.suu.uuu
i .w u .u w
?i^?54®<??.>MYz, n7n‘ 482
D lvs! on com. stock .(6)9,130.190 (5M ) 6 ,8 5 1 .474 (4 M )5.502.042(4)4,070,482
Balance, surplus.......... ♦$2,915,440 ♦$5,812,830 ♦$3,181,954 ♦$2,986,878
♦Surplus differs from that shown In Pamphlet report, owing to method
of charging common stock dividend, the above being used for simplicity.
Executive C om m lttce-O scar G. M urray. Chairman; G . F . R andolph,
T R Foard. N . B . Ream and Samuel Rea; P re s ., Oscar O. Murray, 1st V ictPrcs' Geo F. Randolph; Sec., C. W . W oolford: T rcas.. J -V .M c N e a l
* Directors— R . Brent Keyser, John P . Green. Samuel R ea, Joseph H .
Fnard°CGco. F. Randolph. James Speyer, Edward H . i Inrrlmnn, Norman B.
Ream.’ Charles Steele, James Stillman, Edward R . Bacon, Joseph W ood .
New York office, 2 W all S t.— (V . 8 6 , p. 227, f 7 9 , 601.)
BO N D S.
AND
STO CKS
R A IL W A Y
A p e ., 1 9 0 8 .]
18
R A IL W A Y
STO CKS
AND
R A IL R O A D S
For explanation of column headings, A c ., see notes
on first page of tables
Banzor & Aroostook (Concluded) —
Car trusts Ser B $40,000 due A & O yearly--------------Q
Car trusts Sec C g guar $45,000 due s-a ---------PeP.c*
Car trusts Ser D g guar $45,000 due s-a .......... Pe.Pc*
Banzor & Portland— First mortgage gold............... ..
Beaver & Ellwood— First mortgage g o ld -............... ..
Beech Creek— -Stock (guaranteed 4 % by endorsement)
First mortgage gold guar p & 1 (en d orsed )--K .c& r
Second M for $1,00 0 ,0 0 0 g guar p & l (end) - U n. c * r
Clearfield Bltum Coal 1st M lnt guar by Bh Cr g ___
Beech Creek Extcn— Is M $4,500,000 g guar p & 1 Q.c
Beech Creek consol mtge $20,000 ,000 g o ld -. G.c* &r
Bellingham Bay & Brit Col— 1st M $1,000,000 gold s f
Belt Line Ry o f Montgom ery— 1st M lawful m o n e y ,Belt RR & Stock Yard of Indianapolis— Stock.......... ..
Preferred stock cumulative_________________________
First mortgage for $1,000,000 currency......................
Belt Ry of Chattanooga— First mtge gold— McBa.c
Belviderc Delaware— Stock $ 4 ,0 0 0 ,0 0 0 )_______________
Consolidate guaranteed by United Co’s sinking f d - -r
mortgage }guaranteed by United Co’s sinking fd - _r
of 1875
IIssue $600,000 reduced by sinking f d . . r
$ 4 ,0 0 0 ,0 0 0 j guaranteed by United Cors sinking fd .c *
Berkshire— Stock 6 % rental------------------------------------------Bessemer & Lake Erie— Erie equipment trust________
Locomotive equipment trust_________________________
Standard equipment trust____________________________
" " Bessemer equipment trust, due $110,000 yearly___
Birmingham Belt— See St Louis & San Francisco
Birmingham Terminal— 1st M $3,000,000 gold g u a r ..
15irm Col & St And— First M $4,500,000 g ___ C e.c*& r
Illoomsburg & Sullivan RR—-First M $ 400 ,00 0-------FP
Second mortgage Income non-cum $ 200 ,00 0____ FP
Boca & Loyalton— -First M $675,000 gold call l l O - .c *
Boon ville St L & South R y— 1st M gold $1,000,000 _c*
Boston & Albany— Stock ($30,000,000 authorized)___
Bonds (not mortgage) guaranteed prln & ln t-----------c
Bonds (not mortgage) $ 5 ,0 0 0 ,0 0 0 ------------------------------Bonds $2,500,000 currency ___________________________
M iles Date
of
of
Road Bonds
Size, or
Par
Amount
Value Outstanding
’ 9 6 -’ 00
1 ,0 0 0
—
1906
1,0 0 0
—
1907
1 ,0 0 0
— ’ 8 0 -’86
100 & c
3
1899
163
—
50
163
1886
1 ,0 0 0
163
1892
1 ,0 0 0
—
1 89 1
100 & e
59
1 90 1
1 ,0 0 0 & c
___ 1 9 0 5 1 , 0 0 0 & c
A ll
1 90 1
1 ,0 0 0
i
1890
1 ,0 0 0
—
____
50
___ ____
50
___ 1 8 8 1
1 ,0 0 0
25
1895
1 ,0 0 0
___ ____
50
81
1885
1 ,0 0 0
81
1,0 0 0
1887
81
1893
1 ,0 0 0
81
1 ,0 0 0
1903
100
1 ,0 0 0
1 ,0 0 0
____
1 ,0 0 0
1 ,0 0 0
...
—
30
30
56
44
1907
1905
1898
1898
1903
1881
392
____
___
___
1902
1893
1901
---
1 ,0 0 0
1 ,0 0 0
100 & c
1 0 0 &C
1 ,0 0 0
1 ,0 0 0
100
1 ,0 0 0
1 ,0 0 0
1 .0 0 0
B A N G O R & A R O O S T O O K R R , — ( S e e M a p .)— Oldtown, M e., northerly
to Van Buren, with branches; total, 467.4 miles, viz.
Lines owned—
M iles. \ Lines Leased—
M iles
Oldtown to Van B u ren ..............2 2 1 .7 [Northern Maine Seaport, La
Ashland Jet. to Fort K ent-------9 4 .9 1 Grange to Searsport..................... 54.1
Milo Jet. to Greenville_________ 48.81
-------B ran ch es________________ _______ 55.2 | Total June 30 1907___________ 474.7
In Dec 1906 a branch from Seboeis Lake to the Junction of the St. Francis
and St John rivers, 145 miles, was proposed. V . 84, p. 50, 157.
Branch
from Mllllnocket to East Mlllinocket, 8 miles, was opened Jan. 1907. A
low-grade cut-off from a point 4 miles south of W est Seboeis to La Grange
28 miles, was completed Jan. 1908. V . 84, p. 092.
In Sept. 1907 the
Northern R y. of Maine was Incorporated with $510,000 stock to build about
61 miles, connecting the three northern termini, Van Buren. Fort Kent and
St. Francis. Grading Is to begin about M ay 1908.
V . 85, p. 920.
O R G A N IZ A T IO N .— Organized Feb. 13 1891.
State of Maine refunds
9 5 % of all taxes levied.
For organization see V . 66, p. 855.
Owns entire
stock of and leases for 999 years Northern Maine Seaport R R ., which In
N ov. 1905 opened extension from La Grange, M e., to Searsport, on Penob
scot B ay, 54 miles. V . 81, p. 1549; V . 84. p. 693.
S T O C K .— $ 2 ,3 4 2 ,0 0 0 , as Increased from $ 1 ,550,000 In June 1907 to ac
quire stocks of Northern Maine Seaport and Schoodlc Steam R R s ., pay for
permanent Improvements and floating debt; 23.320 shares full paid and 100
shares 5 % paid. V . 84, p. 1549.
D IV I D E N D S .— 1 H % semi-annually, Jan. 1904 to Jan. 1905, both In
elusive: July, 2 % ; 1906. 4 % ; 1907, 4 % (J&J); 1908, Jan ., 2.
B O N D S .— As to gold 5s on Plscat. D ivision, see V . 67. p. 1159; V . 68, p
84. 329.
Van Buren Extension 5s of 1899, V . 69, p. 952.
Of the consol
refunding gold 4s. $12,500,000 were reserved to pay oil the outstanding
bonds, Including those of controlled roads, car trusts and pref. stock, and
to acquire such controlled roads; $3,000,000 for Improvements over a series
of years and $4,500,000 for extensions at $25,000 per mile, Including equip
m ent. V . 73, p. 286, 896; V . 74, p. 93. The Northern Maine Seaport bonds,
of which $4,259,000 Issued ($5,000,000 authorized) are guaranteed, V . 81,
p. 265: V . 82, p. 392; V . 84, p 3 9 1 ,6 9 2 ; form of guaranty, V . 81, p. 727.
In March 1907 the $1,000,000 Medford Extension llrst 5s were sold to pay
for 28-mile cut-off under construction. V . 84. p. 692
L A T E S T E A R N I N G S .— J 1 9 0 7 -8 ......... Gross, $1,911,058; net. $543 233
8 m onths, July 1 to Ft b 2 ) j l9 0 6 - 7 ____ Gross, 2,0 5 2 ,8 9 2 ; net. 677 511
Def. under charges, $ 61,697 , against sur. $152,665 In 1906-7.
’
A N N U A L R E P O R T .— Report for year ejullng June 30 1907 was In V . 85
p. 1206, showing, gross, $3,221,696; net, $1,088,401; charges, $794,301;
other Income. $2,191; betterments, $99,626- dividends ( 4 % ) . $71,840- bal
sur., $124,825.
In 1905-08, gross. $2,496,547; net, $ 9 51 ,87 7.— (V 85
p. 158, 653, 920, 1206.)
t o ,
B A N G O R* & P
PO
O R T L A N D R Y . — (.See M a p Del. Lack. A W est.)— Portland
to Bath. P av.,
., 29 m
_ Creek, 5 m .; other branches
miles; Nazareth Jet to ___
Martin’s
5 m .; total, 39 m
Stock. $510,000, all acquIredTnTQOO by^Def. L ack.*&
W est. R R .
Dividend, 1900, 6 % ; 1 9 0 1 ,5 % ; 1902, 4 % ; 1903, 7 % ; 1 9 0 4 ,8 % 1905, 15'%; 1906 and 1907, 2 0 % .
For cal. year 1907, gross. $351,467- net’
$193,191; charges, $29,900; dlv. ( 2 0 % ) , $102,000; bal., sur., $61,291'.
’
B A T H & H A M M O N D S P O R T R R — Bath, N . Y . , to Hammondsport, N
Y . , 10 miles. Control acquired by Erie R R . in 1903.
In 1904 foreclosure
under $100,000 first m tge. was pending; <second m tge.. $200,000. Stock
$100,000.
Year ending June 30 1907, gross. $42,045: net, Incl. other In
come. $19,706; lnt. and taxes, $16,851; bal., sur., $ 2 ,8 5 5 .— (V . 79, p. 1 9 5 4 .)
B E A V E R & ELVVOOD R R . — Ellwood Jet. to Hazen Coal Mine, P a ., 3 m
Leased to Pitts. & L Erie R r . for 20 years from May 1 1899; rental being
4 0 % of gross earns: rental In 1907, $17,033; adm ’n expenses, $576- lnt on
bonds, $6,000; dividends ( 6 % ) , $9,000; bal., sur., $1,457. Stock, $150 000: par, $100.
’
BEEC H C R E E K R R . — (Sec M a p s N Y . Central A Hudson R iv er R R ) __
R O A D .— Jersey Shore, P a ., to Mahaffey, 112 m .; branches to Phlllpsburg
to mines, & c., 55 miles; total, 167 miles.
L E A S E , & c.— From Oct. 1 1890 leased to the N . Y . Cent. & Hud. River
R R . for 999 years at Interest on bonds and 4 % on stock, and since Mav 1
1899 operated directly as a part of Its Pennsylvania division. V . 68, p 872
Carries m ostly coal and coke. See guaranty, V . 52, p. 570. The bonds are
endorsed with New York Central’s guaranty of principal and Interest
See V . 52. p. 570.— (V . 75. 1398.)
cBEECH C R E E K E X T E N S I O N R R .— (See M a p s N . Y . Cent. A H ud. R lv )
• E a ., to Keating, 52.1 miles; Rosslter to Rosslter Jet., 3.2 m •
McElhattan to Browns, 1.2 m . Curwensvllle to Bower, 15.8 m .; M ahatev
to Arcadia, 13.1 m .; Harmon to Boardman. 13 m .; branch to Irvona 16 3
m .; 3 other branches, 11 5 m .; total, 126.2 miles. A low-grade coa’l line
leased to N . Y . Cent. & H ud. R lv. R R . (which owns entire $5,179,000 stock)
for 999 years from June 1 1905. bonds being guaranteed, prln. & lnt. O f the
consols, part Is reserved to retire, dollar for dollar, old bonds. V so n
V . 82. p. i m . ) 8 1 , P ' 30: l0rm of guaranty. V . 82, p. 1267.— (V . 8l', p .’ 30;
B E L L I N G H A M B A Y & B R I T I S H C O L U M B I A R R . — Bellingham to Glacler. W a sh ., 44.16 m .; branch from Ham pton to Lynden, 5.31 m • sours
1 0 . 1 6 m .; yard track and sidings, 7.56 m .; total, 67.19 m . Stock, $1 000 000, all owned by New York and San Francisco parties.
Loans and’ bill’s
payable June 30 1907 $228,000.
Year ending June 30 1907, gross, $260 988: net, $97,887; other Income, $2,118; lnt. and taxes. $53,288; bal sur
$46,717.
Pres.. H . H . T aylor.— (V . 81, p. 840.)
’ Ur'*
B E L T L I N E R Y . OF M O N T G O M E R Y . — Owns real estate and a belt line
In Montgomery. A la ., about one mile of track on Tallapoosa,Bell, Perrv and
Co'umbus streets,
Atlantic Coast Line R R . pays an annual rental of $ 1 5 J31- Atlantic Coast Line R R . owns about 9 2 % of the $200,000 stock- par
$100
Year ending June 30 1907. gross, $20,596; net, $16,132; bond
Interest, $12,000; taxes, $1,813; bal., sur., $2,319
onn
m i& ? L7 i Rn ,LRH °\ D & STOCK Y A R D OF I N D I A N A P O L I S — Owns 14
miles of belt road &c. Leased for 999 years to Ind. Union— which see.
IN T E R E S T
Rate
When
Payable
%
2 00 ,00 0
5 g
7 6 5 , OOC
5 g
810 ,00 0
5 g
3 20 ,00 0
6 g
150 ,00 0
4 g
6 ,000,000
4
5 ,0 0 0 ,0 0 0
4 g
1 ,0 0 0 ,0 0 0
5 g
4 g
7 3 2 ,0 0 0
3 ,5 0 0 ,0 0 0
3H g
. 4 g
3 ,9 0 4 ,0 0 0
6 59 ,00 0
5 g
2 00,000
6
1 , 0 0 0 , 0 0 0 See text
5 00 ,00 0
6
1 ,0 0 0 ,0 0 0
6
2 75,000
5
1 , 2 5 3 , 0 0 0 10 In ’ 08
5 00 ,00 0
4
749,000
4
500 ,00 0
4
1 ,0 0 0 ,0 0 0
3 H S
1 ,0 7 8 ,7 0 0
6
1 ,2 2 0 ,0 0 0
5
5
1 50,000
1 ,0 6 0 ,0 0 0
5
1 ,10 0 ,0 0 0
5
1 ,5 0 0 ,0 0 0
(?)
3 64 ,10 0
1 99,600
667 ,00 0
400 ,00 0
2 5 ,0 0 0 ,0 0 0
3 ,8 5 8 ,0 0 0
3 ,6 2 7 ,0 0 0
[VOL. LXXXVI.
BO NDS.
4 g
5 g
5
6 g
6 £
A
J
A
J
J
J
J
J
A
A
J
J
J
M
o
&
&
D
&
O
&
J
&
D
Q— J
J
&
J
&
J
&
&
O
&
O
&
D
&
J
&
J
Q— J
&
N
J
& J
Yearlv
M & S
F & A
J
&
J
J
&
J
Q— J
15
M
M
&
&
S
S
A
M
&
&
O
M
J
I
1
A
F
See text
o
3 Vi
A
4
A
1.000.000
3 H 1I
S
&
S
&
J
&
J
J
&
()
&
&
A
— \r
o
*
&
o
&
J
Where Payable, and by
Whom
Ronds— Prlnci- .
pal. When D ue
Stocks— Last
Dividend
Guar Trust Co,New York To July 1 1910
Brown Bros, N Y * Bost To June 1 1916
do
do
To Apr
11917
90 W est S t, New York 1930-1936
Guaranty Trust Co, N Y July 1 1919
Grand Cent Station, N Y Apr 1 1908 1 %
do
do
July 1 1936
July 1 1036
do
do
Knickerbocker T ru st,N Y Jan 1 1040
Grand Cent Station, N Y Apr 1 1051
Apr 1 1055
do
do
U S M & Tr Co, N Y ; &SF Dec 1 1932
Metropolitan Tr Co, N Y Jan 1 1010
‘
ifflce, Indian;
" Jan 1 1908 6 %
Apr 1 1908 1H
do
do
W H Newbolds, Phlladel Apr 30 1911
Mercantile Tr & D cp.Balt July 1 1945
Broad St Station, Phlla Feb 2 4 ’ 08 1 0 %
do
do
Sept 1 1925
do
do
FeD 1 1927
do
do
Jan 1 1033
do and Bk C om ,N Y Jan 1 1943
Apr 1008 1 'A
Mch 1 1922
do
do
Mch 1 1913
do
do
Apr 1 1025
do
do
Mch 17 1026
Eqult’l T r C o , New York Mch 1 1957
July 1 1935
I T 4 S . D Co, Phlla Jan 1 1928
Jan 1 1928
Apr 1 1923
N Y Aug 1 1911
Mch 3 1'08 2 %
Apr 1 1952
Oct 1 1913
do
do
Jan 1 1951
’03 ’ 04 ’05
v„ ’06
uu ’07 1908
6 )* 7
8 8 11
Jan. 6
3 ex .);
100S. Jan7 ’.60% « ” cL°3nexJ)a n ’ - 3 % U n c f 2
J u l y ’ ° % (lncK J
Pres., S. E . Rauh. Indianapolis. Ind .— (V. 77, p. 2389; V . 81, p. 1099.)
qin’7nV|‘s O ^ ~ ) r rn f*rre? In|C° m ’ ° 7
Since 1 8 9 4 --/f u f l to date|stlt % 0
’ 08 to ’02
5 yearly
B E L T R A I L W A Y (OF C H A T T A N O O G A . TE N N . )- -Owns 25 miles of
belt 1 allroad In Chattanooga, Tenn. V . 67, p. 72.
Deased till July 1 1045 to Alabam a Great Southern R R .; rental guaranteed
i0
bonds , taxes and maintenance. STOCK
s *300 ,0 0 0 , owned by Alabama Great So. R y . There are also $24,000 2d
me* 4s, due 194o, redeemable at par; coup, paid Jan. *01 to July '07 Incl.
, B £V ,Y,!D 5 R ? D E L A W A R E R R — Owns from Trenton, N . J . , to Manun1{a Uhunk, N . J ., 67 miles; Flcmington R R . & c., 14 miles; total operated,
81 miles. Leased to United Companies, and transferred to Pennsylvania
R R . March 7 1876. Net earnings paid as rental
S T O C K .— Authorized, 5 4 ,000,000; outstanding Jan. 1906, $1,253,000;
?j}r,’o55?.- . Dividends 1897 to 1906, both Inc., 5 % yearly; 1907, M ch., 1 0 % .
1UJ8, r e b ., 10 % .
B O N D S .— All of the outstanding bonds are secured by the consolidated
m tge. of 1875 for $4,000,000; sinking fund, 1% of outstanding bonds If
earned. The Issues of 1885, 1887 and 1903 are guaranteed by the United
Now Jersey R R . & Canal Co. Guaranty, V . 76. p. 918.
E A R N IN G S .— in 1907, gross, $ 1 ,759,596; net. 5364,060; other income,
5o 1,8 11; Interest, taxes. & c., sinking fund and other charges, $255,046;
dividends ( 1 0 % ) , $125,300; surplus, $35,5 2 5 .— (V . 84, p. 748.)
BE N N I N G T O N & R U T L A N D R Y — See Rutland R R .— (V . 70, p. 685.)
B E R K S H I R E R R . — State Line, Conn , to M a s s — N . Y . State Line
--------- ------- „„ *M___________
_______ _ 22
„,eJ .: Vandeusenvllle,
23 m V
ass., to Pittsfield,
2 miles; total, 45 miles. A
consolidation In 1905 with Stockbrldge & Pittsfield and W est Stockbrldge
V. ■80, p. 2219.
Leased April 1 1893 for 99 years to N . Y . N . II. &
H . R R . for expenses, taxes and 6 % on stock, paid Q J 15 at Housatonlc
National Bank, Stockbrldge, Mass. Lease to Housatonlc R R . suspended,
not canceled. Stock 51,078 7 0 0 .— (V 80
.2 2 1 9 .)
B E S S E M E R & L A K E E R I E R R — Leases Pittsburgh Bessemer & Lake
Erie R R ., Bessemer, near Pittsburgh, P a ., to Conneaut Harbor, Lake Erie,
& c., with branches, a total of 209 miles, for 999 years from April 1 1901;
owns 9 miles; total, 218 miles. V . 72, p. 137. Authorized to operate a
railroad from a point of connection with the Pittsburgh Bessemer & Lake
Erie at or near Kremls Station, P a ., to a point on the Jamestown & Franklin
R R . near Salem Station, Pa. Stock, authorized, $500 ,00 0. Controlled by
the Carnegie Co. and so by U . S. Steel Corporation.
Guaranty of Marquette
& Bessemer Dock & Navigation bonds, V . 77. p. 1228; V . 76, p. 1358;
V . 82, p. 160.— (V . 82, p. 160.)
B I R M I N G H A M & A T L A N T I C R R — Talladega to Coal C ity, A la ., 31
miles; branches, Rogans to ore beds, 9 miles, and Furnace to Welslngers,
3 miles; total, 43 miles. Stock, $1,000 ,0 0 0 , all com m on; par of shares,
5100.
Bonds, $500,000 40-year first 6s, due N ov. 1 1931 ($1,000 each);
interest, payable M & N , In default. Year ending June 30 1907, gross,
$41,501 ; def. under oper., $ 1,726; bond interest, not paid.
President,
Sidney H . March: Sec. and Treas., John Carlsen, 25 Broad S t., New York,
B I R M I N G H A M T E R M I N A L C O — Has under construction passenger
terminals at Birmingham, Ala. Stock all owned by the Illinois Central
Southern R y ., Seaboard Air Line, Central of Georgia, St. Louis & San Fran
cisco and Alabama Great Southern, which Jointly guarantee the bonds.
O f the bonds ($3,000,000 authorized) $1,500,000 are reserved for additional
properties. V . 83, p. 1227; V . 8 5 , p. 4 0 4 .— (V. 85, p. 404.)
BLOOiMSBURG & S U L L I V A N R R . — Owns Bloomsburg to Jamison City,
P a ., 30 miles. Stock Is $600,000; par. $50. V . 66, p. 80, 952.
/e a r
ending June 30 1907, gross. $117,278; net, $62,311; other Income, $2,181;
Interest, ta x e s,& c.. $50,859; balance, surplus, $13,6 3 3 .— (V . 6 0 , p. 80. 952.)
BOCA & L O Y A L T O N R R . — Owns from Boca, on Central Pacific main
line, northwesterly via Loyalton to Beckwith, 40 miles; 6 miles additional
main line and 10 miles of branches; total, 56 miles. The Denver & Rio
Grande on June 30 1907 owned $1,504,500 of securities of company and
affiliated companies.
Stock, $ 1 ,200,000; par of shares, $15.
Bonds cover also Roberts Lumber
C o .’s property, comprising 52,769 acres of pine lands, water-works, &c.
Mercantile Trust Co. of San Francisco Is mortgage trustee. They are sub
ject to call for sinking fund at 110 and Interest.
V .7 6 , p. 1191.
Earnings
for year ending July 31 1904: Railroad, gross, $145 126; lumber, gross
$ 2 2 8 ,088 ; total, $373,214; total net. $146,310. — (V . 81, p. 667.)
BO O NV IL LF . ST, LO U IS & S O U T H E R N R Y — Boonvlllc to Versailles,
M o., 44 miles
Leased to Mo. Pac. till July 1 1910 at annual rental of
$ 2 5,000 , taxes, expenses, &c. Stock, $250,000; par of shares, $125.
BOSTON & A L B A N Y R R — Owns from Boston, Mass., to Albany, N Y
200 miles; numerous branches, 104 miles; leased lints, 88 miles total oper
ated, 392 miles. A consolidation of December 1867.
Leased In 1900 for 99 years to the New York Central & Hudson River R R .
for guaranteed rental of 8 % per annum on the $25,000,000 stock,payable
quarterly (March 30, & c.), organization expenses, Interest on bonds, taxes,
expenses of maintenance, &c.
The I). & A received for certain property
not Inc uded In the lease $5,500,000 In N . Y . Central 3 J * % 100-year debentureS’ thus adding .7 7 % per annum to 8 % guaranteed on stock. Sec lease
In V . 69, p. 282: V 69, p. 1061, 1102, 1246; V . 70, p. 74; V . 7 1 , p. 645,
90.
Bonds of 1901, $2,500,000, were for terminal facilities at Boston, of
which $1,000,000 Issued. V . 71. p. 1218; V . 72, p. 44; V . 75, p. 752.
D IV I D E N D S .— Cash dividends at the rate of 8 % yearly wore paid for
many years prior to the lease. Since 1900 8 % % , viz.: 2 % each In March
and September, 2 > 4 % In June and 2 H % In December.
E A R N IN G S as reported to State Railroad Commission by lessee:
, « L eaJ r ~
Gross.
Net.
Other Inc. In t.,d lvs..A c.
Balance
1906 0 7 ............ $12,097,301 $1,943,104 $392,141 $3,557,796 de f.$l .222,551
1 9 0 5 -0 6 ........... 11,205,074 3,740,452 415,419 3.851,068
sur.810.803
(V . 75, p 732 1301; V . 83. p. 686; V . 85, p. 863, 1645.)
20
R A IL W A Y
STO CKS
- M iles
of
Of
Road Bonds
Boston & Lowell— Stk ($6,849,4001)
’
Bonds 20 years not mortgage
See description
do
Bonds
In “ Investors’
do
do
Bonds
do
Su p p lem ent”
do
of A p r., 1895,
Bonds
do
do
Bonds
do
p . 2.
c*'
do
Bonds
do
Boston&Malne
do
c*.
do
Bonds
gives a rental
do
Bonds
do
guaranty for 99
do
do
years,
Bonds
do
c.
do
Bonds
do
do
Bonds
Bonds (not m ortgage), $1,000,000 .
Bonds $ 2 ,000,000 (not mortgage).
Bonds (not m ortgage), 2 0-y ea r____
Bonds (not m ortgage), currency .
Portsmouth Great Falls &i Conwa
Conway 1st M assumed.
Notes $ 2 ,0 0 0 ,0 0 0 ............................................ ................
Notes $5,000,000 ($1,000,000 due Jan 6 1909)
Boston & Providence— Stock 10% guar 99 yrs 01
Boston Revere Beach & Lynn— Stock.
Bruce Mines & AI— 1st M $250,000 guar p & 1 red"
Brunswick & Western— See Atlantic Coast Line R R
Buffalo Cr— Con (n o w 1st)M $1,000,000 g Int as rent c*
Buffa o New York & Erie— See Erie Railroad.
Buffalo Rochester & Pittsburgh— Common s to c k ..T i
Pref stock non-cum common 6 % then pro ra ta .-T i
[VOL. LXXXVI.
BO NDS.
'
R A IL R O A D S
F or explanation of column headings, & c., see notes
■
on first page of tab es
AND
...
—
—
1889
—
1892
—
1893
—
1895
—
1896
— ’ 9 7 -’98
— ’ 9 9 -’01
1903
—
- - “ 1905
- - - 1906
1907
-----—
—
1887
___ 1892
1894
—
1900
—
1901
- - - 1903
—
1905
...
1906
73 1877
1908
1907
68
’88-’9~3
—
1897
1897
17 1902
Size, or
Par
Amount
Value Outstanding
$100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
100
1,000
1,000 &c
1,000
1.000
1,000
1,000
1,000
1,000 &e
500 &c
100
1,000
100
1,000 &c
1,000 &c
500
6
1891
1,000
109
____
—
1881
100
100
1.000
BOSTON & LO W E L L RR .— R O A D .— Owns Boston to Lowell, 26 miles:
branches— Salem and Lowell, 17 miles: Lowell and Lawrence, 12 miles;
others. 45 miles; Middlesex Central, 11 miles; leases— Connecticut & Passumpsic, 146 miles; Nashua & Lowell, 15 miles; Peterborough, 10 miles;
Northern N H ., 83 miles (and subsidiary lines 90 miles); Stony Brook R R .,
1J miles; W ilton R R ., 15 miles. Leases mostly assumed by Boston&Malne.
Leased In 1887 for 99 years to the Boston & Maine at 7 % per annum on
stock till Jan. 1 1897 and 8 % thereafter.
In Jan. 1908 sold $900,000 one-year 6 % notes, maturing Feb. 1 1909.
V . 86, p. 227. — (V . 85, p. 39; V . 86, p. 227.)
BOSTON & M A IN E R R .— R O A D .— The system with Its m any branch
lines covers the territory from Boston, M ass., to Portland, Me. (two divi
sions), Springfield, M ass., Sherbrooke, Can., Rotterdam Jet. and Troy,
N . Y ., Worcester, M ass., to Portland M
” e.,
* and‘ most of. .New
.
—
..
Hampshire.
Lines owned.
M iles.
Lines leased— (Concluded). M iles.
Boston, M ass., to Portland, M e.,
a458
F itch b u rg ___ _________
via Western Division____ _____ 115 Nashua & Lowell__________________«15
Boston to Portland, Eastern Dlv. 108 Worcester Nashua & Rochester. n94
Conway June., M e., to North
Connecticut River R R .....................a81
_ Conway,
. N . H ______________
------------73 ... Other ____________________________
72
Portsmouth Electric R y ...............
1 8 1Trackage rights ...................... .........
9
Portland, M e., to Rochester,
N . H .............................................. __
54 Total operated July 1 1907------- 2,288
North Cambridge Jet. to North
2d track (3d & 4th track, 10) 521
am pton. Mass_________________
96 Controls Maine Cent, (which see) 931
Sundry branches........ ...........................148
St. Johnsbury & Lake Champ 131
Lines leased, a See this company.
York Harbor & Beach________
11
Boston & Lowell................
a469
Verm ont V a lley_______________
24
Sullivan County_______________
Concord & Montreal______________ a478
26
O R G A N IZ A T IO N , E T C .— A n agreement with New York New Haven &
Hartford regarding division of territory was made In 1893, V . 56, p. 464.
In June 1907 the New York New Haven & Hartford acquired $10,094,800
(about 3 8 % ) of the stock, which was exchanged, share for share, for stock
of that com pany, but further purchases ceased on passage of the "a n t i
merger la w /' which prevents consolidation prior to July 1 1908. V . 84.
p. 1365; V . 85, p. 39, 160, 863, 1209, 1517.
S T O C K .— Stockholders In A u g. 1906 subscribed for $3,633,700 of the
stock at $165 per share, to be pald.ln full not later than Dec. 31 1907, the
proceeds to be used on account of proposed expenditures aggregating
$8,7 0 0 ,0 0 0 , Including $5,000,000 for equipment, & c., raising amount out
standing to $ 2 8 ,271 ,790 ; about $2,800,000 remaining available for sale
V . 81, p. 899, 974, 1174: V . 82, p. 1378; V . 83, p. 154, 491; V . 85, p. 859
D IV S .J ’ 87. ’ 88. ’ 89. ’ 90. ’ 91. '9 2 . ’ 93. ’ 94-98. ’ 99. ’00-07.
1908
C o m .,% 1 10
9
9 0)4
9
8
8 6 y ’rly 6)4 7 y ’ rly Incl.Apr.,3J4
B O N D S .— As to debentures, see Issue of April 1895.
In March 1906 $10,000,000 20-year 4 % currency bonds dated Sept 1 1906
were sold to refund and pay bonds and notes maturing Sept, and Oct 1906
and for other necessary purposes. V . 81, p. 074, 899, 1174; V . 82 n 5 6 7
V . 83, p. 36, 322; V . 86, p. 228. Stockholders voted Oct. 6 1907 to au
thorize not to exceed $ 6 ,000,000 bonds to pay floating debt and for improve
ments. V . 85, i). 792, 860.
Notes payable Dec. 31 1907, $8,700 000
In
Jan. 1907 $3,000,000 one-year notes were sold, of which $1,000,000 each
dated Jan. 15, Feb. 1 and March 1 1007 and In Sept. 1007 $4 ooo’ 000 oneyear notes. The $3,000,000 notes maturing Jan ., Feb. and March 15 1908
were extended one year at 6 % . V . 84, p. 101; V . 85, p. 792; V . 86 p .5 l 228
Boston & Maine guarantees $1,328,000 first 5s of St. Johnsbury & Lake
Champlain. Also Interest on $274,000 Manchester & Lawrence 4s
Jolntlv
with Maine Central guarantees $300,000 Portland Station bonds.
E A R N IN G S .— For the 6 months ending Dec. 31 (V . 85, p. 1332, 1338)
6 M o s.
Gross.
Net. Other inc. Charges.
Hal sur
1907 ................ $21,994,745
$6,013,731
$303,333 $4,907,091
$1,409 973
1906 -------------- 21,422,180
5,615,965
330,133 4.053,370
1,8921728
A N N U A L R E P O R T .— Annual meeting second W ednesday In October
Annual report 1906 07 In V . 85, p. 859, showed results as follows:
Year ending June 30.
1907.
1906.
1905
Miles operated June 3 0 _________________
2,288
2,287 ’
2 287
Passenger department................................ $13,584,164 $13,291,584 $12,530 472
Freight departm ent.................................... 25,367,938 23,847,550 21,808 070
Malls, express, &c.........................................
2,173,154
2,075,069
1 ,8 7 4 ’703
IN T E R E S T OR D IV I D E N D S
Rate
%
When
Payable
Where Payable, and by
Whom
Bonds— Prtncipal, When Due
Stocks— Last
Dividend
$6,599,400
8
J
& J A t Office, Boston
Jan 2 1 9 0 8
%
350,000
4
A & 0
do
do
Apr 1 1 9 0 9
1,000,000
4
A & O
do
do
Apr 1 1 9 3 2
1,000,000
4
F & A
Feb 1 1 9 1 3
do
do
500,000
4
M & S
Mch 1 1915
do
do
750,000
4
J
& J
July 1 1916
do
do
414,000
4
A & O
do
do
Oct 1917 & 1918
939,000
J
& J
1919 & 1921
do
do
3)4
250,000
3)4
M & N
May 1 1923
do
do
500,000
3)4
M & S
Sept 1 1025
do
do
500,000
4
M & N
N ov 1 1926
do
do
325,000
4
J
& J
July 1 1927
do
do
28,291,790 7 In 1907
Q— J
A t Off .Causeway S t, Bos A p rl 1908 1 ) f %
3,149,800
6
M & S
Mar 2 1908 3 %
do
do
1,919,000
4
F & A
Feb 1 1937
2,500,000
4
F & A
Aug 1 1 9 4 2
do
do
6,000,000
& J
4)4 g J
Jan 1 1944
5,454.000
J
& J
3 g
July 1 1950
do
do
1,000,000
M & N
3)4
Nov 1 1921
2,000,000
J
& J
3)4
Jan 1 1923
500,000
F & A
3)4
Feb 2 1925
10,000,000
4
M & S
Sept 1 1926
1,000,000
4)4
J
& D
June 1 1937
2,000,000
6
Various
Feb-Mch ’09
do
do
5 .0 0 0 .
0006
Oct ’08-Jan ’ 09
Q— J
do
do
4 .0 0 0 .
000
10
Q— J
Boston T erm , Room 424 Apr 1 1908 2)4
4
2,170,000
J
& J
do
do
July 1 1918
850.000 See text J
& J Office, or checks mailed Jan 1 1908 3% .
850,000
& J
4)4 g J
July 15 1927
14,000,000
3)4
Text
Feb 1 1947
5 g
150,000
J
& D Knickerbocker Tr Co N Y June 1 1952
1,000,000
J
&
J Farmers’ Loan & T r, N Y Jan
10,500,000 See text F
6,000,000 6 In 1907 F
1,300,000
F
6 g
fit
&
&
A
A
A
5 g
D IV D S.
1 1888-91.
92. 93.
Per cent..........J 7 yearly 5)4 5
In 1907, Jan ., 2 % ; July, 3 % .
do
do
94. 95.
4)4 4
do
do
1 1941
Feb 15 1008 2)4
Feb 15 1908 3 %
Feb 1 1921
96. ’97 t o ’05. ’06. ’07. 1908.
3
2 yearly
4
5 Jan 3
ycany
4
o dan., 3
Year end. June 30— Gross.
Net.
Int.&taxes. D ies, paid
Bal sur
.........................S » J ° ° 73
$105,581
$61,802
(5 % ) $42?500
$1,278
lOOo-OO-------------------- 747,610
98,211
62,193
( 4 % )3 4 000
2 018
- V . 69. p. 953: V . 81. p. 1722; V . 83. p. 270, 379; V 84 p . 1365.) ’
BOSTON TERAUNAL CO,— Owns Southern Union Denot in Boston
opened In 1899. V . 68, p. 40; V . 69, p. 591. Boston & Albany New Fng
land. Boston & P rov., Old Colony and N Y N IL & Hartford R R fY>s
each owns one-fifth of the $500,000 capital stock and pay as ren tal In monthly
ln d ai r on, SstSockS S T E n , t0
a“ expenses, c h & g e a .in t e r e s t o n b o n &
and 4 % on stock.
I hese companies arc Jo ntly liable for anv deficiency In
case of foreclosure. Reg. Int. payable Q -F ; coupons F & A — (V 6 9 p . 591.)
is o ^ m h 's °o f *wYiir4iP? ? ^ n e<1 f lom Savannah, G a ., northwest to Ath ens,
n?e°te^ In 'Marchh io n | 5 s „ , fror«. Savannah to beyond Springfield com<M-eas«l to $5 oon n9n°n8 ' £ tock ap horized , 51,000 ,0 0 0 , which m ay be In
creased to $,>,UU0,000. Stockholders were to vote April 6 1908 on author
izing an Issue of bonds at $10,000 per mile for the first 100 miles and 515 000
per mile for remainder of road. V . 86 n 720
P rS n t
’ M
Brinson. Office, Springfield, G a— (V . 86, pP. 720 )‘ Prcsldent’ Gc° 4 M ’
BRO CK VILLE W ESTPORT & NORTHWESTERN R Y .— (V . 82, p. 1267.)
BUFFALO CREEK R R .— Owns 6 miles of terminal road in BulTalo N Y
In December 1889 leased for term of charter less one day to the Lehigh V a f
r>y and the Erie R R ., which together own entire capital stock of $250 000
Rental Is .nterest on bonds and 7 % on stock.— (V . 84. p . 5o.)
'
"
o ^ H ? £ ArV 9,R1? CrTH F STE1R 1& PITTSBURGH R A IL W A Y .— (See M a p .) —
Operates from Buffalo and R och.. N. Y . , to bituminous coal regions
Lines owned in fee—
M
iles
-------Trackage (Concluded)—
M iles.
Buffalo Creek, N . Y . , to Mt
' W illow Grove to Pittsburgh, P a . 7
1 0 1 Penn. R R .— Penn. R R . Jet. to
Jewett, P a ................
Clarion Jet. to Lindsey. P a .
' 60
Shuman Run Y , P a ...................... 19
Rochester to Ashford, N . Y
94 O th e r_____________________
6
Charlotte, N . Y . . to Lincoln Park 10
Leased— Stock. no(, muned—
Indiana Branch________________
93 Allegheny & W estern— a
Five branches__________________ ” 20
Punxsutawney to Butler, P a .,
Trackage—
& c............................
66
Erie— M t. Jewett to Clarion J e t .. 2 1 Clearfield & Mahoning— a
Baltimore & Ohio—
Clearfield to Beech Creek R R . . 26
Butler, P a ., to Newcastle_____ 41
Mahoning Valley R R . ......................
2
Rlbold Jet. to Allegheny C ity. . 33
Total July 1907 (a Sec separate statement for this com pany)..................569
O R G A N IZ A T IO N , E T C .— Successor In March 1887 to the Rochester &
Pittsburgh, which was foreclosed In Oct. 1885, per plan In V . 41, p. 516.
The entire capital stock ($4,000,000) of the Rochester & Pittsburgh Coah
G° 4 ,was owne(} (V . 6 6 , p. 1088) and through that company in May
1896 control was acquired of the Jefferson & Clearfield Coal & Iron Co. (see
tlM t c0A u5 deF Industrials” ) with $3,000,'000 stock.
In 1906 the stock
of the Roch. & Pitts. C. & I. Co. was transferred (subject to the lien of the
general mtge.) to the Mahoning Investment C o., having $4,200,000 author
ized stock In $ 10 0 shares, In consideration of $4,125,000 stock, the latter,
being distributed Dec. 1906 pro rata In proportion of 2 5 % among the
holders of R y. common and preferred stocks. V . 83, p. 1468. V . 85. p.
414, 415; report, V . 85, p. 598.
For bonds of these coal companies see table
above. Clearfield & Mahoning securities are guaranteed.; Ailcgheny &
see beI°w . In Aug. 1901 allied Interests purchased upwards of 1
2o,000 acres of coal londs In Indiana Co . Pa. V . 75, p. 183, 347. Lake
Ontario Car ferry, V . 83, p. 329.
S T O C K .— The stockholders voted N ov. 21 1004 to Increase the common
stock front $9,000,000 to 512,000.000; $1,500,000 was subscribed for In 1905
by stockholders at par.
V . 79, p. 685, 1905; V . 80, p. 1 1 6 .
D IV S . ( % ) — )’ 97. ’ 98.
fi)9.’00. ’ 01. '02. ’ 03.
’ 04 to ’ 06. 1907. 1908.
Preferred.............) 1
2
2
6 6 6
6 6 yearly.
6 F e b .,3
Com m on-------------J . .
..
_.
__ 4 4
5)4 o yearly.Below
Below
In 1907, on com ., Feb., 3 % ; A u g .. 2 ) 4 % ; 1 9 0 8 , F eb ., 2 ) 4 % . The Ma
honing Investment Co. in Aug. 1907 and March 1908 also paid a 2 % divi
dend on Its stock, thus offsetting the reduction. Compare "Organization”
above. V . 85, p. 283.
, ,,n Q ^ 1?,ci.4T ) £ ei?e,!:a1 53 for $5,573,000 are reserved for prior bonds, &c.
Total gross ec.nlngs................................$41,125,256 $39,214,203 $36,213,245
The $2,000,000 debentures of 1897 In the treasury arc convertible Into com
Net earnings..............................................$10,156,859 $9,860,834 $9,593,505
mon stock at par and subject to call at 102)4; they arc to be secured by any
N et, Including other Income....................$10,861,218 $10,482,919 $10,181 094
subsequent mtge. unless made for refunding existing prior liens or for ex
I n te r e s t........................................
1,445,512
1,474,670
1,486,169
tensions exclusively. See V . 64, p. 706; V . 73, p. 1009, 1111.
Rentals.............
5,112,890
5 ,074,554
--------------Stockholders voted April 25 1907 to authorize a mtge. to secure an Issue
5.069,578
™ x.e?
................................- ........................
1,674.836
1,745,490
1,605 490
of 5 ^ ’R ™ '?00 50-year consols to bear not over 4 ) 4 % Interest, of which
Dividends
...........
1,973,332
1,834.646
1,806,646
$3,000,000 Issuable at once, $18,145,000 to retire underlying obligations at
Sinking fund.....................
28,785
136,285
136,285
or before maturity and the remaining $13,855,000 to be reserved for future
requirements after July 1 1908 at not over $1,500,000 yearly In 1908 or
Balance, surplus.....................................
$132,615
$217,273
$76,926
subsequent calendar years, or such larger amount in any year as stock
holders may authorize.
V. 84, p. 867, 1306; V. 85, p. 39, 414; V . 86 p.
°F F I C E R S .—-Pres , Lucius Tuttle; 4th V .-P . and General Auditor
336.
in March 907 made a $1,000,000 6 % one-year loan. V . 84, p.
W . J. Hobbs; Treas.; Herbert E. Fisher.
Office, Boston.
930; V . 85, p. 414.
Directors— Lucius Tuttle, Richard Olney, W alter Hunnewell, Thomas
A sinking fund of 5 % will retire series A , B & C equipment bonds annually
P. Beals, S. N . Aldrich, Boston; Joseph H. W hite, Moses W illiam s, BrookMay 1. if purchasable at or below par; otherwise to bo applied to the pur
l ne. Mass ; Henry F. Dlmock New York; Samuel C. Lawrence, Medford4
of add ttonal
equipment.. 1 V
. 68,
p.
1131;
V . 71,c p. 501;1. V . 73, p.
348.
A . W . Sulloway, Franklin, N. H .; W m . W hiting. Holyoke, M ass.; Alex chase
no 1 1 a m
T*. n o v n a n
_1
.
r »
«
«
*.
.
ander Cochrane, Boston.— (V. 86, p. 228, 336, 479, 667.)
BOSTON \ PROVIDENCE R R .— Owns Boston. M ass., to Providence,
JJ44 miles; branches, 20 miles. Leased 99 years, April 1 1888, to Old
Series F m ay be purchased by sinking fund at not over par or^frawn bylot
Colony R R .: rental 10% yearly on stock. In June 1907 a law was signed at Par and m ay also be drawn at 102 and interest on any Interest day. V .8 4 .
permitting consolidation with Old Colony R R .— (V . 84 p. 1487.)
p. 136o; V . 8 0 , p. 283, 414, 863. Real estate m tges., 5 & 5 ) 4 % , $304 ,00 0.
BOSTON R E V ER E BEACH & LYNN R R . — Owns narrow-gauge road
E A R N IN G S .— 8 m o s .,/1907-08..........Gross, $ 6 ,129,602; net, $2,349,074
from Lynn to East Boston, Mass., 9 miles, connecting with Boston by com
July 1 to Feb. 2.). j l 9 0 6 - 0 7 -------- Gross, 5 ,509,171; net, 2 ,119,009'
pany’s ferry-boats; Wlnthrop Division, East Boston to W lnthrop, 5 miles
For 6 ™ °s - cJftl n? D cc- 3 1 1!)07' net over taxes, $1,334 ,2 7 7 , agst. $ 1 ,5 8 1 O f the 4 )4 s of 1897 balance unissued Is for Improvements. V . 65, p 6 8
income. $377,658; charges, $859,224; dly. on com. stock
V . 83. p. 379. Notes payable July 1 1907. $290,000.
‘
’
( 2 ) 4 % ) , $262,500; dlv. on pref. stock ( 3 % ) , $180,000; bal., sur., $110,211.
R A ILW A Y STOCKS AND BONDS.
APR.. 1908.
22
RAILWAY STOCKS AND BONDS.
R A IL R O A D S
F or explanation of column headings, & c., see notes
on first page of tables
M iles Date
of
of
Road Bonds
Size, or
Par
Amount
Value Outstanding
[VO L. LXXXVI.
I N T E R E S T OR D IV I D E N D S
Rate
%
When
Payable
Where Payable, and by
Whom
Ronds— P rinci
pal, When Due
Stocks— Last
Dividend
Buffalo Rochester & Pittsburgh— (Continued) —
Lincoln Park & Charlotte 1st M gold g u a r .. Un.'c*
260
275
10
348
1882
$1,000
1887
1,000
1889
1,000
1907 1,000 dec
1906 1,000 Ac
—
1897
1,000
1899
1.000
1900-1
1,000
—
1902
1 ,000
- - . 1904
- 1.000
—
1907
1,000
.
____
50
—
—
50
102 1893
500 dec
265 1901 1,000 dec
—
1903 1,000 dec
---- 1906
1,000
—
1907
1,000
—
1907
1,000
—
1907
1,000
$3,917,000
J
& D 36 YVall St, New York
r> £
4,427,000
M de S
do
do
•
r> £
5 £
350,000
,r
de J
do
do
1,737,000
4 >2 g M de N
New York
1,400.000
F de A
do
do
4M
5 £
27.000
J
de D
do
do
500,000
do
ilo
4 M g M de N
2,000,000
do
do
4M li M & N
1,529,000
do
do
4M g M de N
1.305 000
4 Vi g M de N
do
do
2,274,000
do
do
4'A g A de O
4,456,000 4 In 1907
Q— J
4,000,000
4
M Fisk de Robinson, N Y
Q
127,000
A de () Harvey Fisk do Sons N Y
5 g
9,462,000
J
4 g
J Fisk de Robinson, N Y
6.000,000
4 M g M d: N Fisk de Robinson, N Y
699,000
5
de J N YV Harris de Co. N Y
J
513,000
5
A de O N YV Harris de Co, N Y
855,000
5
F & A Fisk de Robinson, N Y
285,000
5
F & A Penn Co for Insur, dee
B R A P car trusts gold due semi-annually_________
Equipment bonds 5500,000 gold s f Ser A ____ G.o*
do
do
B de C $1,000,000 each gold s f ______ 0
do
do
D $ 2 ,000,000 gold red 105 sink fund,
do
do
E $ 2 ,000,000 gold red 105 sink fun d.,
do
do
E S3',000,000 gold red sinking f u n d ...
Buffalo & Susquehanna RR — Common stock guar 4 %
Preferred stock 4 % non-cumulatlve guaranteed 4 %
First M gold sinking fund redeem at par___ Me.c*der
First refunding mortgage gold (see te x t). . Mp.c*der
Buffalo & Susq Ry— First M $6,000,000 go d . Us.c*dei
Equipm ent trust bonds part due seml-ann___ Usm .e .
do
do
Ser B (V 85 p 39) $27,000 s-a _Usm
do
do
.Ser C (V 85 p 283) $45,000 s - a . PcP
do
do
Ser D $15,000 semi-annually_______
Buffalo Terminal Association— See W abash R B .
Bullfrog-Goldfield RR— 1st M part due yly, guar p de I.
___ ____
text
g
Burlington Cedar Rapids & Northern— See Chicago R ock Is! and de Pacific R y See
and also Rock 1st
Burlington & Missouri Valley— Sec Chicago Burllngto n & Q ulney.
Burr’ s Ferry Browndel & Chester— First M g o ld ._x c*
. . . 1907
1,000
See
text
6 g
California Pacific— See Southern Pacific R R .
Cal W RR & N— 1st M $700,000 gold guar s f (text) .c *
—
1905
1,000
380,000
5 g
Cambria & Clearfield— 1st M ($2,000,000) g ____ G P.c*
18v) l
1,000
1,279,000
5 g
Bell’s Gap consol M sink fund not drawn___ GuP.c*
1883
500 dee
145,000
6
Clearfield do JefTerson first m ortgage________ GuP.c*
46 1886
500 dec
1,000,000
6
Pennsylvania A N W gen M $2 ,5 0 0 ,0 0 0 _____ GuP c+
76 1890
1.000
1,021.000
5
Cambria & Clearfield general mortgage gold________
392 1905
1,000
1,210,000
4
g
Camden & Burlington County— Stock 6 % guaranteed
30 —
25
381,925
6
First M g gu p A 1 by Un N J R R & Can C o .. G P.c*
30 1897
1,000
350,000
4 £
Canada Atlantic— 1st M g Ottawa to Lacolle dec.F c*
138 1889
1,000
2,908.240
6 g
Consol 1st mtge $16,000,000 gold guar prln & in t.
—
1905
$ or £
11 ,476,404
4 g
Ottawa ArnprJor & Perry Sound first mortgage____
261
1,000 ,000
5
BUFFALO ROCHESTER & PITTSBURGH RY. (Concluded).
A N N U A L R E P O R T .— Fiscal year ends June 30. The annual meeting
Is held at New York on the third Monday In Novem ber. The report for
1906-07 was given at length In V . 85, p. 402.
In 1906-07 carried 6,184 15,1
tons of bituminous coal (out of 0,548,796 total tons of freight moved)
against 5,204,437 In 1005-06.
Year end. June 301906.
1904.
MUes June 3 0 . . ..........
569
568
538
499
$8,595,916
$7,797,248
$8,138,275
$7,496,521
$3,149,921
$3,000,882
$2,848,733
$2,893,325
Other Income70,664
32,204
22.805
33,437
$3,220,585
$836,113
Rentals ........................... ..
500,087
Special approprla'ns, dec.
053,931
Dlvldencl on preferred.
(6)360,000
Dividend on com m on. .
(6)630,000
$3,033,086
$800,289
492,867
623,427
(6)360,000
(6)630,000
$2,871,538
$793,174
485,835
618,774
(6)360,000
(6)540,000
$2,926,762
$778,030
472,669
660,188
(6)360,000
(6)498,000
$240,454
$126,503
$157,875
$73,755
- in nuuaiuu to tins surplus tnere was received from investments and
credited directly to profit- and loss account” $120,000 In 1904-05, $320,000
In 1903-04 and $600,000 In 1902-03.
O F F IC E R S .— Pres., A . G. Yates, Rochester; V . P . , Adrian Iselln, Jr.,
N . Y .; Trcas., J. F . Dinkey, Rochester; Sec., J. H . H ocart, N. Y .
Directors— Henry G. Barbey, A . G. Yates, A . rselln Jr., W m . E. Iselln,
A . Lanfear Norrlo, W alter G. Oakman. C. O 'D . Iselln, J H . Hocart.
W . Emlen Roosevelt, Ernest Iselln, Oscar Grlscli, John L. Rlker and
Samuel W oolverton.
New York office, 36 Wall S t.— (V . 86, p. 545.)
BUFFALO & SUSQUEHANNA R Y — (See M a p .)— Owns from YVellsvllle, N. Y . , to Buffalo, 86 mlies. 'fills company leases B. & S. R R . for
999 years from July 1 1907 for Interest on bonds and guaranteed dividends
of 4 % yearly on the capital stock.
Has acquired common stock of B. & S. R R . C o., and thus controls road
extending from W ellsville, N . Y . , to Sagamore, P a ., about 60 miles north of
Pittsburgh, which, with Its several branches, has a total mileage of about
281 miles. Total mileage owned and leased, 368. A t Sagamore are
situated the principal coal mines of the Buffalo de Susquehanna Coal & Coke
Co. The plants or the Bull. & Susq. Coal & Coke Co. and of the Powhatan
Coal & Coke Co. (V. 75. p. 922; V . 79, p. 2061, 2091-92) are located on the
lines of the B. de S. R R .
The Buffalo & Susquehanna Iron Co. has erected two blast furnaces on
a tract of land adjoining the terminal property of the B. & S. R y. on Lake
Erie at Buffalo. This company acquires Its entire supply of coal and coke
from the plants of the Powhatan Coal & Coke Co. See V . 75. p. 922; V . 79,
p. 2061, 2092.
Connection Is made at Buffalo with the Buff. & Susq. SS.
C o., owned by affiliated Interests.
ST O C K — Authorized, $10,000 ,000 ; Issued, $10,000,000; par, $100.
B O N D S .— The first 50-yr. gold 4 M s (authorized Issue $ 6 ,000,000, al*
outstanding) are secured by a first lien on the terminal property at Buffalo
and the 86 miles of railroad In New York State; also by deposit with the
United States Trust C o., trustee, of all the common stock of the Buffalo &
Susquehanna R R . C o., amounting to $ 4 ,656,900. V . 74. p. 1040.
See
V . 76, p. 593; V . 79, p. 2695. Of the equipment trust 5 % bonds of 1906,
$44,000 mature semi-annually Jan. 1 1907-1912 and $43,000 July 1 1912
1916. Series B equipment trust bonds are due $27,000 semi-annually Oct. 1
1907-Aprll 1 1917. The $1,200,000 equip, trust 5 % bonds of Aug. 1907
are due $60,000 semi-annually, beginning Feb. 1 1908
Pres., Charles YV
Goodyear. V . 85, p. 39, 283; V . 85. p. 1265; V . 86, p. 107.
B U F F A L O de S U S Q U E H A N N A R R .— Owns from Sagamore, P a ., to
W ellsville, N . Y . , with several branch lines, including 17 miles trackage.
Total mileage, 280.70. From July 1 1907 the company Is leased to the
Buffalo do Susquehanna Railway for rental of Interest on bonds and divi
dends of 4 % on capital stock.
V. 85. p. 1266.
Stock.— Common stock, all except cfirectors’ shares, owned by B. de S
R y . $ 4 ,056,900; par of shares $50. P ref.. $4,000,000 4 % non cum .- par
$50.
See application to list, V . 78, p. 2389; V. 82, p. 568.
Dividends.— On com ., 4 % In 1895 and 5 % yearly to 1907.
In 1907, 4 %
paid Q J; on p ref., 1% quar. Mch. since date of Issue, beginning Sept. 1902,
Bonds.— The 5s of 1913 have been reduced, by the operation of the sinking
fund and by refunding Into 4s of 1951, to $127,000. They are subject to can
at par for sink. fd. In order of numbers, beginning with highest V . 65. p.234.
The 4s of 1951 are secured by a first refunding mtge. on the entire prop
erty, subject only to $127,000 first 5s above mentioned, and are furthet
secured by deposits of purchase money mortgages aggregating $3,000,000
on coal lands estimated to be worth $6,000,000: outstanding. $9,462,000
Further amounts m ay be Issued at not over $25,000 per mile for the con
struction or acquisition of additional road; also for new terminals. Total
authorized Issue, $15,000,000; but additional amounts at $15,000 per mile
m av he Issued for double-tracking mileage already covered by the m tge.
Sinking fund of 3 cts per ton of coal mined by coal companies mortgaged
Is invested In the bonds If purchasable at not exceeding 1 1 0 % : otherwise In
securities legal for savings banks.
Bonds so purchased are kept alive in
Sinking fund. V . 73, p. 619, 809; V . 84. p. 748.
Report.— For year ending June 30 1907, V 85, p. 1266, showed
Fiscal
Gross
Net lover
Other
Total
Total
Balance
Ynnl3,-.*! *e,al , J l2s.u
taxes.)
income.
income,
deduct'ns.
for dies
$539,198 $189,393 $728,591
$490,235
$238,356
1 9 0 5 -0 6 . 1,522,740
*535,213 137,613
672,826
426,320
246,506
B U F F A L O & S U S Q U E H A N N A COAL de C O K E C O .— This companv
the stock and 1st m tge. bonds of which are owned by the B. de S. R R ., owns
coal lands at DuBols. Troutvllle, Onondaga and Sagamore, Pa. These
lands are estimated to be underlaid with about 104.000.000 tons of coal
Twelve mines In operation. V . 77, p. 1301; V. 79, p. 2001-92; V . 82, o'
1322; V . 85, p. 1266. The 2d mtge. bonds, $1,700,000 on June 30 1907.
were outstanding In the hands of the public.
P O W H A T A N C O A L de C O K E C O .— This com pany, all of whose bonds
and stock are owned by the B & S. R R ., owns coal lands at Tyler and at
Dec 1 1022
Sept 1 1937
Jan 1 1939
May 1 1957
Aug 1 1009
June 1 1908
May 1 1919
May 1 ’ 20-’ 21
iNov 1 1910
May l 1922
.Apr 1 1927
Apr 1 1908 1 %
Mch 2 1908 1%
Oct 1913
Apr 1 1951
Apr 1 1953
July’08 July ’ 16
•
’ )8 Apr '17
)8-Aug ’ 17
Co.
A
de
O Commonwealth Tr Co StL Apr 1 1 0 3 7
J
de
de
&
J First Tr & Sav B k, Chic
J Broad St Station. Phlla
O
J
A
J
J
F
J
F
J
J
de
de
d:
de
de
de
J
J
A
J Broad St Station, Phlla
A
J Bank M ont.N Y de Mont
J
1 1927
1 1930
1 1955
3%
5 1909
1 1955
Sykes, underlaid with about 26,000,000 tons of coking coal.
Both Its
coking p.ants, with capacity of 800 tons of coke dally, are operated, and are
shipping to Buffalo for the use of the Buff. & Susq. Iron Co.— V . 85, p. 1266.
BULLFROa-GOLDFIELD RR — Owns from Bullfrog, N ev , to Goldfleld, 79 miles, forming an extension of the Tonopah & Goldfield R R .,
/«*}
00 ot thc $1,250,000 stock and guarantees the bonds
^ 185JV ° 5 0986 ^ 2 1 5 146ir SCr &1 bonds)- of which $250,000 sold Dec. 1907.
"BURLINGTON.” — See C H IC AG O B U R L IN G T O N & Q U IN C Y R R .
BURLINGTON CEDAR RAPIDS & NORTHERN RY.— In 1903 title was
acquired by deed by Ch. R . I. & Pac. R y. C o., the holders of the outstanding
unexchanged stock (about $136,200— total Issue $7,150,000) being guaran
teed 6 % d lv s .. J -J ., as called for by the lease.— (V . 82, p. 1040.)
. BaV P R S PERRY BROWNDEL & CHESTER R Y — Owns from Rockland
to Aldridge, l e x ., 8 miles, opened about March 1907; extension under con
struction from Aldridge to Browndel, 22 miles. The line as projected will
run from Chester, In lyler C o., T e x ., east to Burr’s Ferry, about 80 miles,
and Into timber forests In the direction of Alexandria, La. Stock author[zed, $1,000 per ml.e; outstanding, $11,000.
Bonds (Commonwealth T ru st
Co of St. Louis, trustee) are limited to $30,000 per mile. The Texas R R .
Commission on N ov. 18 1907 approved the Issue of $165,000 bonds on
11 miles In operation. V 85. p. 1401, 1648. Pres., John H . K irby, Hous
ton. T e x — (V . 85. p. 1401, 1648.)
n
EDMONTON RY — Owns Calgary, Canada, to Edm onton,
in n o e3, an<M ° Fort McLeod, Canada, 104 miles,
onnonoot n , a 5®w lease to the Canadian Pacific (which owns entire $1,
k)J or 09.y ears was ratified,under which the 6 % bonds (£1,121 ,ec,.ual amount of debenture stock, on which Inihr.Cm,!?,ioUam * 1 C(
4/ °
At tllc termination of the lease the principal of
Hle_bonds w’ 1- be paid at par or a further lease entered Into. V . 76, p. 434;
mill,i
t
, he stockholders voted on .Sept. 20 1904 to Issue bonds to
V estaskhvln branches, each about 50 m ., under
consuuttlon, $2,000,000 Issued acquired by Can. Pac.
V. 79. p. 10 2 7 ,
$1 000
000>P°Stee
v n<8 0 011 bln f eS 0Ver Sasllatcbewan River not exceeding
p . p A E I A - W E S T E R N R R . & N A V IG A T IO N CO — Owns Ft. Bragg,
C al., to Alpine, 2 3 J^ m . Mtge. provides for extension from Alpine to head
of Noyo River, 9 m . , thence to YVIIHts. DM m . Stock authorized, $ 1 ,0 0 0 ,000 ;
par, $100.
Mtge. covers also terminals, railroad wharf anil 18,000 acreso :
timber and.
Bonds are guaranteed, prln. and Int., by Union Lumber C o.,
and redeemable at lO oat end of any yearlnreverseofnum crlealorder
The
present Issue matures $ 20,000 yearly, and remaining $ 280,000 Is to fall due
fn equal yearlv Installments. Sinking fund, see V . 81, p. 1435.
Net earn
ings applicable to Interest for 6 months ending Dec. 31 1905, $39,998.
Pres., Frank Trum bull.— (V. 81, p. 14 9 5 .)
(THE) CAAIBRIA & CLEARFIELD RY. — Cresson Jet. to Hoover’s Mill
Branch Jet., 50 in.; Belwood to Horatio, 61 m .; Cresson to Irvona, 27 m .
K aylor to Black Lick, 37 m : Vail to Gramplon, 50 m .; Bradley Jet. to
9(? ,£ rv
ly n c h e s , 150 m .; total, 393 m. A consolidation Aug. 1
1903.
V. 78, p. 828. .Stock, $4,833 ,8 5 0 , all of widen Is owned by
jTrm. R R . C o., which operates road. A full abstract of mtge. securing 5s of
1891 was in V . o2, p. 976. o f the bonds, $634,000 first 5s and $425,000 gen.
4s were on Jan. t 1908 owned by the Penn. R R .
For year ending Dee. 3 1
,
.5 r.°.SSoV.
•5 '’0; net. $522,264; other Income, 812,590; Int., taxes,
& c., $354,304; bal., sur., $ 161,203.— (V . 77, p. 298.)
CAMDEN & BURLINGTON COUNTY RR. — Owns from Camden, N . J .,
to Pemberton. N . J ., 23 miles; branch, Burlington, N . J ., to Mount H olly,
7 m .; total, 30 m . Operated by Penn. R R ..w h ich guarantees 6 % on stock
.Stock $381,925; par, $25.
In 1907, gross, $342,212; op. d e f., $13,760; loss
to lessee under rental. $ 65.322 .— (V . 64, p. 373.)
CANADA ATLANTIC RY. — Owns Depot Harbor, O u t., on Georgian
B ay, via Ottawa, to Vermont State line, 400 m .; trackage to Swanton, V t .,
& c., 10 miles; lease for 99 years Central Counties R y ., Glen Robertson to
Ilawkesbury, 21 m ., and South Indian to Rockland, 17 m .; owns greater
part of stock of Pembroke Southern R y. branch from Pembroke to Golden
Lake^ 2 1 m . (V . 82, p. 451, l i o t ) ; total, 468 m_ The Grand Trunk acquired the road and took It over Sept. 30 1905.
V . 81, p. 1174
The vote on amalgamating with the Grand Trunk has been Indefinitely
Canada Atlantic Transit C o., $1,000,000 stock, operates steamers, Parry
Sound to Duluth. Milwaukee and Chicago. V . 69, p 054; V. 70, p. 279.
The 50 yr. 4s of 1905 (authorized Issue. $16,000 ,000 ; Royal Trust C o ..
Montreal, trustee) are guaranteed, prln and Int., by the Grand Trunk;
$2,908,000 Is reserved to retire the outstanding bonds and the rema'nlng
$2,000,000 for future requirements
V . 79 p. 967, 1131, 1641, 2454;
V . 80, p- 10o8, 1727, 2343.
In Oct. 1906 the Central Counties R y. (leased line) proposed to apply to
the Canadian Parliament for authority to extend the road, Issue bonds
therefor and lease, sell or amalgamate with other cos. V . 79, p. 2746; V . 83,
P-j?V‘L,, . £ s t° E unj,I’ r9ke Southern guaranteed bonds, see V . 82, p. 451, 1101.
S rO C K .— $6,199,100 common and $1,000,000 preferred, all issued.
R K P O R 1 .— In 1906-07, gross, $1,967,753; net, $59,509; Int on bonds,
$604 467; rentals and other fixed charges, $25,000: bal., def.. $ 5 69 ,95 8.—
(V . 85, p. 599, 863.)
CANADA MICHIGAN & CHICAGO. — Bonds worthless.— (V . 63 p 838.)
CANADA SOUTHERN RY.— (See M a p s X - Y. Cent. & Hud. Rlv. RR.) —
R O A D .- -M ain line from Suspension Bridge station. Including the Cantilever
Bridge, to W indsor, O n t., 226 m .; branches to Courtrlght. O n t., dee., 231 m .;
total, 457 m ., or which 85 miles are nominally owned by proprietary com
panics. Trackage. St. Thomas to London, O u t., 15 m . Double track. 152 m .
Detroit River runnel, under construction, see Michigan Central RR
O R G A N I Z A T I O N , ETC.— The company was chartered In Canada F e b .28
1868 and debt readjusted in 1878.
in 1903 m adea new lease to Mich. Cent,
for 999 years, the latter guaranteeing dividends on the stock at 2 M % yearly
to 1910, thereafter 3 % ; also authorizing a m tge. to retire existing bonds
and pay for improvements. V . 76. p. 1191, 1247; V . 77, p. 950; V . 84,
p. 803. The $14,000,000 1st 5s maturing Jan. 1 1908 wire extended 5-
RAILWAY STOCKS AND BONDS.
R A IL R O A D S
F o r explanation of column headings, A c ., sec notes
on first page of tables.
Canada Atlantic— ( C o n t . ) — Pemb South 1st M , gu
Central Counties first mortgage Interest ren ta l.. . ..
Canada Michigan & Chicago— 1st M (see V 63 p 838)
Canada Southern— Stock------------------------------------------------First M ext In 1908 (Can money)
See V 63 p 1 8 8 -Second M for $6,000,000 (Can money)
do
c&r
L e a m in g ton & S t Clair 1st M g g u p & 1 (e n d )___ c*
Canadian Northern Ontario— Deb stock $20,000 per m
Canadian Nor— L Man B y & Can Co $8,000 p ml
Canadian North D lv $8,000 per m i le ________ IGuar.
.Manitoba & S E (assumed, $8 ,0 0 0 per mlle|
Gilbert Plains Branch $8,000 per mile_______ ) by
Ontario D lv 1st M deb £ 4 0 ,7 0 0 are 4 )$ s ______I Man.
Manjtoba Branch L in es-----------------------------------I G ovt.
First cons deb M (Man lines) $10,000 p m .c & rj
Manitoba lines second m ortgage_______________
Gunfllnt Branch bonds $10,000 per m ile___________
Erwood extension bonds-------------------------------------------M anitoba Provincial bonds, $8,000 per m ile.............
Perpetual consol debenture stock (V 81 p 1609 ). . . .
First M deb stk $13,000 p m guar by Canadian Govt
Q u’A p Long Lake & Sask deb stk £ 1 ,0 5 0 ,0 0 0 guar
First land grant M redeem 110 (V 75 p 183,549)
Imperial Bolling Stock 1st M ser A part due yearly
do
do
ser B to F $210,000 due y ’rly
do
do
ser G $45,000 due yearly___
do
do
ser H $60,000 due yearly___
do
do
ser K $100,000 due y e a r ly .,
do
do
ser L $250,000 due y e a r ly .,
do
do
part due yearly (V 85 p 599)
do
do
serN & 0$200 ,000 due y ly .e i
O n Nor Quebec— Gt, Nor cons M $7,962,000(text) ,Ce
Perpetual guaranteed debenture stock (see te x t)___
Canadian Pacific— Stock $150,000,000 authorized____
Preferred stock limited to 4 % non-cumulatlve____ r
Canada Central B B second mortgage (now llrst). . .
Canadian Pacific llrst mortgage debentures sterling..
1st Mort on Algom a Br g_______________ _____e*&r
Consol perpetual debenture s t o c k ........ ..............
M iles Date
of
of
Road Bonds
38
1906
*
____
457
404
404
16
268
125
177
108
27
287
1878
1883
1895
1906
1896
1899
1899
1900
1901
___
1904
67
1903
___
___
___
___
___
___
—
—
—
____
—
269
3,221
183
...
$150,000
380,000
£100
£100
£100
£100
£100
£ or $
1,000
1903
1906
1902
1903
1904
1904
1905
1906
1906
1907
1905
1880
1885
1888
1889
£100
$1,000
$ or £
$ or £
500 &c
500 Ac
500 &c
100
100
£100
£100 &e
£100 Ac
£1 &c
years at 6 % Interest, payable In gold. V . 85, p. 1401, 1645.— (V . 82,
p . 5 68, 927; V . 84, p. 803; V . 85, p. 1401, 1645.)
CANADIAN NORTHERN ONTARIO RY.— Toronto, O n t., Can., to Sud
bury, 268 m . (150 m . operated), with branch to French B lver, on Lake
Huron, thence connecting by steamship with Port Arthur.
Under con
struction from Hawkesbury to Ottawa, to be continued to French Blver
Junction and later from Ottawa to Toronto.
Nam e changed from James
Bay B y . June 30 1906.
V . 83, p. 154, 212; V . 79, p. 903, 2697. Stock
authorized, $1,0 0 0 ,0 0 0 . Controlled by Canadian Northern B y . The de
bentures arc secured by deed of trust to National Trust Co. of Toronto and
the British Empire Trust Co. of London, and guaranteed, prln. and ln t., by
the Ontario G ovt. V . 83, p. 2 1 2 ,,9 6 8 ; V . 84, p. 930.
In Feb. 1907 the
Canadian G ovt, was asked to guarantee the bonds at $20,000 per mile of a
proposed line from a point 9 miles above Parry Sound to North Bay, about
75 m .
V . 84, p. 449; V . 83, p. 1468.— (V. 83, p. 968; V . 84, p. 930.)
CANADIAN NORTHERN QUEBEC RY.— Owns main line between R lvlere-a-Plerre, on line of Quebec & Lake St. John B y ., to Hawkesbury on
the Canada-Atlantic B y ., 169 m .; branches, 59 m .; Jollette to Montreal, 37
m .; total, 265 m .
Extension from Garneau Jet. to Quebec, 90 m ., to be
completed In 1908. Owns elevator, car shops at Quebec, &c. V , 71, p.
1220.
Stock, com ., $ 4 ,550,000; pref., $ 3 ,450,000.
Am algam ation July 1906 of Great Northern R y . with Chateaugay &
Northern and the Quebec New Brunswick & Nova Scotia R y ., tile latter
projected from Quebec to Quebec Bridge and thence through Maine to a
point near M oncton, N . B ., thence through Westmoreland and Cumberland
counties to Pugwash and New Glasgow, &c. V . 83, p. 271. On June 11
1906 the Quebec New Br. & N ova Scotia Hied a m tge. V . 82, p. 986- V . 79
p. 2696; V . 83, p. 155.
The Great N or. R y . 4s of 1905 ($7,962,000) authorized per plan, V . 79, p .
2795, are subject to call at par during ten years from date. Of the bonds,
$4,962 ,0 0 0 . guar. p. & 1., by Can. N or. R y.^w ere Issuable to retire old bonds
and pay off "
"
$20,000 per
The shari
. _ ...
_____
benture stock guaranteed by the Can. N or., limited to an amount sufficient
to provide for old bonds Issued by Great Nor. and Chateaugay & Nor and
Quebec New Br. & Nova Scotia, and not exceeding $20,000 per m|ie here
after constructed or acquired. In O ct. 1006 holders of $1,514,500 of the
$ 5 ,462,000 Gt. Nor. R y . bonds and all of the Chateaugay Nor. and Quebec
New Br. & Nova Scotia bonds had consented to exchange their bonds for
this debenture stock, and £ 1 ,0 0 0 ,0 0 0 Issued therefor was subscribed for bv
the public.
V. 83, p. 968; 751; V . 84, p. 693, 748.
Pres., D . B . Hanna, Toronto, N . Y . — (V . 84, p. 693, 748.)
CANADIAN NORTHERN RY. — Operates from Port Arthur,. Ont. on
La
-ake
I Superior,
_
to Winnipeg,
_ _ and thence Into Nortlnvei
Northwestern Canada.
M iles.
M iles.
23
Port Arthur to W innipeg-----------439
Brandon Jet. to Carberry Jet___
Winnipeg to K a m sa c k ................... 279 Delta Jet. to D elta...........................
i.j
70
Stanley Jet. to Gunfllnt--------------67 Neepawa Jet. to McCreary J e t - .
Carman Jet. to B elm ont. _____ 119 Kamsack to Edm onton.....................548
Portage Jet. to International
Slfton Jet. to Wlnnepegosls-----21
B o u n d a ry .......... .........................
63 Thunderhlll Jet. to End of Steel.
20
Morris to Somerset_______________
02 Oakland to Totagan_____________
17
Hartney Jet. to Brandon________
40 Battleford to Battleford Jet-----8
Belmont to Vlrden_______________
91 Edmonton to Morlnvlllc________
23
Gilbert Pis. Jet. to Prince Albcrt.301 Edmonton to Stoney Plains____
21
Rossburn Jet. to R ossburn_____
79 Greenway to Adelpha---------------52
Arizona Jet. to Morris and Bran
Oak P t. Jet. to Oak Point----------60
don J e t - - ----------------------------------77 Winnipeg Transfer L in e .. - 11
Total, June 30 1907 (Including 351 miles leased from Nor. Pacific). . 2,639
Extensions of 620 miles from Grandview to Edmonton and 100 miles from
Prince Albert easterly were completed late In 1905. The Canadian
Northern Ontario and Canadian Northern Quebec railways, allied com
panies (which see), will afford access to Montreal and Quebec.
In Dec. 1906
ft was proposed to apply for permission to build 14 branches and extensions
and Increase the powers In regard to Issuing bonds, and In N ov. 1907 to
build 8 new lnes and to obtain additional time to construct 4 other lines
V . 85, p. 1401. V . 83, p. 1468.
In A ug. 1906 the Q u’Appelle Long Lake & Saskatchewan R R . & Steam
boat C o., Regina to Prince Albert, 249 miles, was acquired, the £ 3 ,8 0 9 ,1 4 0
outstanding bonds being offered £107 per £ 1 0 0 bond In 4 % debenture stock,
guaranteed, prln. and ln t., by Canadian Northern R y ., and the £ 275 .00 0
certificates for unpaid Interest £ 3 0 per £1 0 0 In the debenture stock. Road
operated under lease since Jan. 1907. See V . 83, p. 214, 324, 688, 1036.
In Dec. 1906 the same Interest acquired 51 % of the $6,000,000 stock of
the Quebec & Lake St. John R y ., Quebec to Robcrval, on Lake St. John,
189 miles, with branches from Chamhord to Chicoutimi, 51 miles, and from
Rlvlere-a-Pierre Jet. to S t . T lte,40 miles. V . 83, p. 1348, 1410; V . 8 4 ,p .i 1 g i .
O R G A N IZ A T IO N .— William Mackenzie of Toronto, Senator George A .
Cox and the Canadian Bank of Commerce are backing the enterprise.
• The Manitoba lines of the Northern Pacific R y .. 351 miles, are sublet
from the Provincial Government for 999 years from May 30 1901 at $210,000
annually for first 10 years, then $225,000 for 10 years, then $275,000 for 10
years, and thereafter $300,000, with option of purchase for $7,000,000.
Manitoba Gow rnm ent has option to purchase entire property In 1929
See below and V . 72, p. 437; V . 73, p . 615. Canadian System Terminals’
Incorporated Sept. 1907 with $2,000,000 stock, V . 85. p. 863.
L A N D G R A N T .— Lands unsold June 30 1907, 1,828,251 acres In Mani
toba and Saskatchewan; surplus In land-grant account, $6,764,638- de
ferred payments due on land sales, $4,871 ,0 3 9 .
Also has stock Interest In
Canadian Northern Lands Prairie Co. V . 85, p. 1205; V .7 6 , p. 1083- V
75. p. 183. 549: V . 81, p. 263.
’
'
liH S T O C K — June 30 1907. authorized, $ 3 0 ,750 ,000 ; par, $100; all paid
In N ov. 1907 It was proposed to apply for authority to Increase the stock to
$30,0 0 0 ,0 0 0 .
V . 85, p. 1401.
B O N D S .— On Winnipeg and Saskatchewan divisions there have been
Issued first m tge. bonds, guaranteed principal and Interest, by the Govern
ment of Manitoba, at $8,000 per mile; also second m tge. bonds, unguaran
teed, $2,000 per mile. See V . 75, p. 1353; VA71.?n. 235
IN T E R E S T OR D I V I D E N D S
Amount
Outstanding
1,0 0 0 W orthless
100 15,000,000
1,0 0 0 14,000,000
6 ,000.000
1,000 &c
130,000
1,0 0 0
500
£100
___
249
Size, o r
Par
Value
[VO L. L XXXVI.
Rate
%
4
- text
r< g
5
4g
3 /$
1,101,370
£5 0 ,0 0 0
4
£212 ,30 0
4
£152,100
4
£1.7 0 0
4
£1 180,600 4 & 4 j$ g
$101,000
4
£1 ,8 0 4 ,7 0 0
4
354,000
669,000
41$
693,900
4>$
4
349,000
£2,94 2 ,7 3 0
4
£ 1 ,9 2 3 ,2 8 7
3
756,681
4
2,000,000
4 g
1,060,148
5 g
1,260,000
5
315,000
5
420,000
800,000
4>$ g
2,200,000
41$ g
500,000
4 y, g
2.000,000
4>$ g
Sec text
4
£ 1 ,0 0 0 ,0 0 0
4
See text
See text
43,936,666
4
973.333
6
34.998 633
5 g
3,650,000
5 g
See text.
4
When
Payable
M
&
Where Payable, and by
Whom
S
& A Grand Central StatlonN Y
& J Union T r Co New York
& S
do
do
A & O Agts Bk of Montreal N Y
M A S 31
F
,1
M
F
F
J
J
J
Ronds— Princi
pal; When Due
Stocks— Last
Dividend
Sept 1 1956
Feb
Jan
Mch
Oct
July
Aug
& A
“ ‘
& A Bank of Com , N Y ;A Lon Feb
N ov
& D 30 London and Toronto
June
& D 30
A D 30 London, Toronto A N Y
1 1908 1M
1 1913
1 1913
1 1945
10 1936
1 1926
1 1929
1 1920
1 1930
30 1930
J & D 30
1 1930
T & D 30 London, Eng
Irredeemable
M 31-S30
do
J
&
J
F & Ai N at Tr Co, Tor or Lond
1 1919
M & N C Bk of Com N Y ; or Tor
1 1906-’ 12
F & A
do
or London, Eng
M & S
do
Toronto or Lon
1908-1914
A & O N Y , London or Toronto
1 1908- 15
,r
& D
do
do
M & N
do
do
.T & D
do
do
A & O New York
J & n ai
A
& 0 Lond & 31 Pine St N Y
A & 0 Company’s OUlcc, Lond
1 1908 2 %
Various
1 1010
J
& j
J
& j Baring Bros & C o ,London
J
& .1 Company’s office, Lond. Irredeemable
In July 1903 Canadian Government guaranteed 50-year first mortgage 3 %
debenture stock, at $13,000 per mile, for the construction of 620 miles from
Grandview to Edmonton and 100 miles from Prince Albert easterly. V . 80
p. 1 2 3 4 ;V . 76, p. 1299.
In Dec. 1904, $4,866,666 (£1,000,000) first consolidated mortgage deben
lures on Manitoba lines, guaranteed, prln. and ln t.. by Government of Manl
toba, wese sold, being part of an authorized Issue at $10,000 per mile
V . 80 D. 116; V . 78. p. [274; V . 79. p. 2794; V . 81. p. 1607; V . 82, p. 568
In 1906 branch line bonds were olfered In exchange consol, deb. 4s. V . 82
p. 691.
t.*le Manitoba Government was asked to guarantee $2,890,000
additional bonds, viz.: $1,000,000 for Winnipeg terminals, a line to Oak
Point on Lake Manitoba and bridge over Asslnlbolne River and $ 1 ,890,000
for 189 miles of branches. V . 80, p. 710.
The Ontario Division 4>$s (see V . 72, p. 338, 437) were m ostly In 1902
exchanged for 4s, guaranteed, principal and Interest, by the Government of
Manitoba. V . 74, p. 8 8 2 ; V . 75, p. 1398; V . 71, p. 235.
In 1903-1905 £ 2 ,2 4 0 .0 0 0 perpetual consolidated debenture stock was Issued
to acquire securities of controlled properties.
V . 76, p. 1247; V . 77, p. 87;
V . 80. p. 996; V . 81, p. 609. As to Imperial Rolling Stock 5s of 1902, see
V . 75, p . 1 3 5 3 ;of 1 9 0 3 ,V . 77, p. 1 7 4 6 ,1 8 7 3 ;of 1904, V . 79, p. 1 6 4 1 ;of 1906,
and 1907, V . 82, p. 1267; V . 84, p. 506; V . 85, p. 283, 599. See also V . 81,
p. 1550.
In Dec. 1906 ordered equipment to cost $4,825,000 for 1907
delivery. V . 83, p. 1523.
The Manitoba & Southeastern R y . bonds covering the line from W inni
peg to the southeasterly boundary of Manitoba were assumed by an amal
gamation agreement conllrmed In 1901 by Canadian statute.
Great Northern R y. of Canada bonds are guaranteed. V . 79, p. 2454;
also Canadian Northern Quebec perpetual debenture stock. V . 83. p. 751.
The Edmonton A Slave Lake R y ., an allied line, on July 1 1907 made a
m tge. to secure an Issue of first m tge. bonds at $20,000 per mile on the line
between Edmonton and Athabasca Landing, about 100 miles. V .8 5 , p.468.
In Dec. 1907 the Edmonton Yukon & Pacific R y . proposed to apply for
authority to Issue bonds, debentures or other securities at $25,000 per mile
cast of Rocky Mtns. and $35,000 per mile on remainder of line. V . 85, p.1517
E A R N IN G S .— 9 m o s .,11907-8 ____ Gross, $6,997 ,0 0 0 ; net, $1,979,700
July 1 to Mar. 31. J 1 9 0 6 -7 ____Gross, 5 ,0 8 9 .5 0 0 ; net.
1.322,300
R E P O R T .— Report for year ending June 30 1907 (2,639 miles) was In
V . 85, p. 1204, showing gross, $ 8 ,350,198: net, $2,9 2 6 ,0 3 4 ; charges, $ 1 ,
882,489; surplus, $1,043 ,5 4 5 .
In 1905-06 (2,482 m iles), gross, $ 5 ,903,755.
Pres., William Mackenzie; V .- P ., D . D . Mann; 3d V .- P ., I). B. Hanna;
Sec.. W . H . Moore. Office, Toronto, Can.
Directors W m , Mackenzie,
D. D . Mann, 7 . A. Lash, Frederick Nlcholls and R . M . H ornc-P ayne.—
(V . 85. p. 1401, 1517; V . $6, p. 336.)
CANADIAN PACIFIC RY.— R O A D .— Owns a trans-continental railway
from Montreal to the Pacific Ocean, made up as follows July 1 1907.
Montreal to Vancouver................ 2,908 Under construction July 1 1907 823
262
Branches and auxiliaries----------- 2,505 Operated account of owners
Also controlled but oper. sep.—
Leased lines_____ ________________ 3,647
Used jo in t ly ..............- .....................
0-' rtMlnn. St. P. & Sault Stc. M . .2 ,2 8 2
aDuluth South Shore A Atlantic 591
Total In traffic returns----------- 9,154
aSeo each com pany’s statement.
H IS T O R Y ET C .— Incorporated Feb. 18 1881 under charter from Do
minion of Canada, receiving $ 2 5 , 000,000 In cash as a subsidy; also 25,0 0 0 ,
000 acres of land, all to be (It for settlement. Operates trans-Atlantic and
Pacific steamship lines; also steamers to Alaska.
S T O C K .— The Issue of preferred m ust never exceed one-half the common
stock.
In Feb. 1907 about $ 5 , 000,000 pref. stock was sold, raising total
amount out to $42,719 ,999 .
V . 84, p. 338, 693. The stockholders voted
March 19 1906 to Increase the com . stock to $150 ,00 0,00 0; of the new stock,
$20,280 ,000 was then subscribed for by stockholders pro rata at par. V . 82,
p. 333, 691. Of the remainder, $24,336 ,000 was offered to stockholders at
par, payable 2 0 % each Feb. 19, April 21, June 19, Aug. 19 and Oct. 19 1908,
raising the amount outstanding to $146 ,01 6,00 0.
In March 1908 nearly
one-half had been paid In full.
V . 8 6 , p. 601.
D IV S .— -’OO-’ OI. '9 5 . ’ 96. ’ 97. '9 8 . 99. ’ 00. ’ 01. ’ 02. ’ 03. ’ 04tO.Apl 08
•Com, % . . ) 5 yearly 0
2 4$ 2 V$ 4)$ 4
5 4$ 5
5
5 4$ 6 yearly
Pref, % .
/Issued In 1894. 4 % yearly ( 2 % A A O ).
•Also 1 % extra was paid In 1907 from Interest on land sales, viz., 4$ %
April 1 and 4$ % Sept. 30; In 1908, A p r., > $ % . See “ General Finances’ ’
below and V . 83, p. 817.
B O N D S , D E B E N T U R E S T O C K , G U A R A N T E E D B O N D S . E T C .—
List of securities held against consolidated debenture stock In V . 85, p . 727
In Feb. 1908 $106,045,411 debenture stock was outstanding and £2,000.000
additional sold but not delivered to April 1 1908. V . 8 6 , p. 545.
In June 1890 company agreed to guarantee the principal and Interest of
$20,000 ,000 4 % bonds to be Issued by the Dill. So. Sh. A A t l.; also 4 % lnt.
on consolidated bonds of the Minn. St. P. A S. Ste. M ., and In 1899 Interest
on the second mtge. 4s of the latter, and in 1901 Interest on $1,254,000
Mineral Range 4 % bonds, the last named being all owned June 30 1907.
Owns Dul. S. S. & A tl. consols. $ 1 5,107 ,000 .
St. Lawrence A Ottawa bonds arc endorsed with the Canadian Pacific’s
acceptance of a 909-years’ lease at a rental sufficient to pay 4 % Interest on
bonds, and the bondholders’ agreement to accent Interest at 4 % (Instead of
6 % ) and to refrain from demanding principal (due 1910) during lease.
The New Brunswick Railway consolidated debenture stock has Interest
guaranteed by Canadian Pacific: Interest on the 1st mtge. bonds, though
not guaranteed, Is paid out of rental under 990-year lease of 1890.
The Calgary A Edmonton R y. debenture stock Is guaranteed Interest at
4 % under new lease of 1903.
V . 76, p. 435; V . 77, p. 636.
The Lindsay Bobcaygcon & Pontypool R y. bonds are Issued under a
99-year lease covering the Interest. V . 77, p. 1225; V . 79, p. 2085
In 1906 proposed to guarantee Toronto Union Station Co. bonds. V . 82,
p. 451.
In N ov. 1906 It was proposed to Issue not exceeding S35.00 0 deben
ture stock per mile on Toronto-Sudlniry branch, 229 miles.
V . 83, p 4 0 9 8 .
Car trusts outstanding June 30 1907, $2,240,037.
L A N D S .— Lands unsold June 30 1907 were 8,629,441 acres of Canadian
Pacific grant and 172,187 acres of Manitoba South Western grant, 104,195
Great North-W est Central grant, 3 ,322,503 British Columbia Southern and
R A ILW A Y STOCKS AND BONDS
pit., 1908.|
RAILWAY STOCKS AND BONDS.
26
R A IL R O A D S
For explanation of column headings, A c ., see notes
on first page of tables
When
Payab e
Where Payable, and by
Whom
Bonds— Princi
pal, When Due
Stocks— Last
Dividend
A D
J
& J
J
J & I) 15
J
& D
& 1)
J
A
J
J
F A A
J
& J
.1 3 & J
J
A
J
A
J
J
mpanles
London & 31 Pine St N Y
Baring Bros A Co, Loud
Can Pac office, London
Montreal and London
Morton, Rose, London
Toronto and London
London
do
do
Can Pac Office, London
Can Pac Office, Montreal
Bit of Montreal, Toronto
June 1 1934
Jan 1 1937
See text
Dec 1907
3%
Irredeemable
July 26 2882
Aug 1 1934
Irredeemable
2002
1955
July 1 2002
D
J
J
N
O
A
Grand Cent Station, N Y
do
do
Reading Terminal, Phlla
Company’s Office, Phlla
do
do
Tan N at Bk Catsklll N Y
IN T E R E S T OR D IV I D E N D S
M iles Date
of
of
Road Bonds
Canadian Pac (Concluded) —
Securities of Principal leased, A c ., Lines.
218 1884
Manitoba S W Col R y $12,000 per mile lnt guar gold
350 1887
A tlantic & Northwest— 1st mortgage gold gu ._c*& r
58 1876
St Lawrence & O ttaw a— first mortgage gold see text
Ontario A Quebec stock guaranteed In perpetuity..
671
Ontario & Quebec deben Interest guar In perpetuity
191 1883
Toronto Grey & Bruce 1st M gold Interest as rental
174 1884
New Brunswick R y 1st M gold lnt from rental-------c*
Perpetual consol debenture stock, Interest g u a r ..
1890
Calgarv Sc Edmonton deb stock gold Interest as rerjt
1890
Branch line bonds $1,040,000 (owned by CanPac)
52 1905
40 1903
Ltndsav Bobcayg A Pontypool 1st M $700,000 gold
Minn St P & Sault Ste Marie and Duluth South Shor a A At lantlc
Dane Rptt— See text; also Atchison Topeka A Santa Fe
Carolina Central— Bonds— See Seaboard Air Line Ry
Size, or
Amount
Par
Value Outstanding
46
29
98
103
16
1892
1891
1898
1898
1885
1885
Rate
%
52,544,000
5 g
£1,330.000
5 g
(6) 4
£200,000
6
£2,000,000
5
£4,007,381
£719,000
4 g
£630,000
5 g
4
£904,533
£1,121,700
4 g
4
1,000 $1,040,000
500,000
4 g
1,000
— See sta tements of those co
1,000
£100 &c
£50 &c
£100
£1
£100
£100
£1
1908
Carolina & Tennessee Southern— See Southern R y
Carthairo A Adir— 1st M $1,600,000 gold gii-U n.c*& r
Carthnsre W ater & Sack Har— 1st M g gu p & 1 e n d -.
Catasauaua & Fogelsville— First mtgc gold - . Pe P.c*
Cntawiasa— Pref stocks 5 % guar P & R Ry (see text)
First consol mortgage $2,215,000 gold — PeP.c*
Catskili M t’ n — 1st M ($2,000 not ext from 1905)---------
|V OL. L X X X VI.
1038
5 g
1,000
1,000
1,000
50
1,000
1,000
34
Caviiga & Susquehanna— Stock 9 % rental D L & W
30
Cedar Rapids Iowa Falls & Northwestern— See Chlca go Ro ck Isla nd & Pac
Central Branch— Central Branch U P 1st M g --U n .c *
100 1898
1 ,000
288 1899
Central Branch llrst mortgage guaranteed g o l d .-Me
1,000
312 1895
Central of Georgia Ry— 1st M 57,000,000 gold -G .c*& r
1,000
Consolidated mortgage $18,500,000 gold . - M e.c*Ai 1,493 1895
1 ,000
138 1895
Mobile Dlv 1st M (Columbus to Andalusia) g — G.c*
1,000
102 1895
Macon A North Dlv 1st M $840,000 gold --M B a .c *
1,000
Ocon Dlv 1st M Brewton to Dover $6,000 p m . S.c*
77 1901
1,000
65 1897
Mid Ga <?c Atl Dlv 1st (consol) M $9,000 p m — G.c*
1,000
E a to n tm Branch llrst mortgage not guar gold —
21 1896
500
164 1901
Chattanooga Dlv purch money M $2,400,000 g -S .c *
1,000
138 1897
Chattanooga Rome & So 1st M $500,000 g - -U .c *
1,000
97,170 acres of Columbia and Kootenay grant; total, 12,325,490 acres.
In addition there will be acquired through the Columbia Sc Western R y.
about 2 ,500,000 acres. Total sales In 1906-07, 994,840 acres, for $ 5 ,8 8 7 ,
377. Tax decision, Feb. 27 1905. V . 80, p. 990.
G E N E R A L F IN A N C E S .— In 1902 sto kholders subscribed for $ 1 9 ,5 0 0 ,
000 new com . sto k at par, in 1904 for $10,900,000 and In March 1900 for
$20,2 8 0 ,0 0 0 at par.
V . 74, p. 378; V . 82, p. 333, 091.
In Feb. 1907 about
$ 5 ,000,000 prer. stock was sold. V . 84, p. 338.
Stockholders on O ct. 3 1907 authorized the Issue of $8,000,000 consoli
dated debenture stock, viz.; At not over $20,000 per mile, to construct
various branches, aggregating about 300 miles; additional work on the
Sudbury branch, 226 miles, at $10, 00 per mile, and three steamers; also
the lease of certain lines, &c. V . 85, p. 863, 1002. The double-tracking
between Fort W illiam , O n t., and Winnipeg, 427 m ., to be completed In
908, will cost about $10 ,0 0 0 ,0 0 0 . V . 81, p. 667, 1170.
In Sept. 1907
£1,250,000 4 % debenture stock was sold and In Feb. 1908 £2,000,000. V .
85, p. 599; V . 86, p. 545.
In July 1906 the last of the $15,000 ,000 land grant bonds was paid oil,
leaving the land grant unencumbered; on June 30 1907 the balance due on
account of land sales was $15,8 5 4 ,6 1 2 , on which 6 % Interest Is received.
This Interest will be used to pay extra dividends on the com . stock; 1 %
was paid during 1907. V 83. p. 817
E A R N IN G S .— 8 m os., J1907-08____ Gross, $49,513,100: net. $15,412,109
July 1 to Feb. 29
1 1906-07____Gross, 45,938 .206; net, 15,756,182
A N N U A L R E P O R T .— Fiscal year ends June 30. Annual meeting Is
held at Montreal on the first Wednesday In October. The report for 1906-07
at length was In V . 85, p. 652, 726. See also editorial ,p. 690.
1906-07.
1905-06.
1904-05.
9,154
Miles operated end of y e a r ----------------Passenger earnings_____________________ $19,528,878 $16,041 ,616 $13,.>83,0o2
Freight - - - - - - _ . ______________________ 45,885,968
39,512,973 3 1 ,725,290
6,802,682
6,115,169
5,173,540
M all, express and miscellaneous---------
1,100,000
4 g
300,000
5 g
135,000
4 g
3,200,000
5
2,215,000
4 g
39,000
5
288,000
6
589,110 See text
IfIc R y and Rock Isl
2,500,000
4 g
3,459,000
4 g
7,000,000
5 g
18,200,000
5 g
1,000,000
5 g
840,000
5 g
462,000
5 g
5 cur
413,000
168,000
5 g
2,057,000
4 g
343,000
5 g
j
j
j
M
A
F
A
A
A
&
&
&
J
& J
and Co
J
& D
F A A
F A A
M A N
A
J
J
J
A
J
A I)
J
J
A
J
A I)
J
J
A D
J
A
J
Dec
July
July
Nov
Apr
Aug
1 1981
1 1931
1 1928
19 1907 2 A
l 1948
1 1915
30 Pine Street New York Jan 1908
Mercantile Trust
do
Guaranty Trust
do
do
do
do
do
Savannah Ga
Guaranty Trust
Union Trust Co
4A
Co N Y June 1 1948
Feb 1 1919
do
Co N Y Nov l 1945
Nov 1 1945
do
Jan 1 1946
do
Jan 1 1946
do
do
Dec 1 1945
do
Jan 1 1947
June l 1926
Co N Y June 1 1951
New Yk July 1 1947
C A T A SA U Q U A & FOGELSVILLE R R. — See page 160.
C A T A W IS S A R R. — Owns from Tam anend, P a ., to Newberry Jet., P a .,
102.93 miles.
Re leased Dec. 1 1896 for 999 years to Phlla. & R ead. Hall
way.
R ental, Interest on bonds, 5 % dividends on pref. stock, all taxes
and $ 8,000 for organization expenses. See also V . 63, p. 969, 1 116. Of the
pref. stocks, In 1906 $ 2 ,200,000 was llrst pref. and $ 1 ,000,000 second pref.
and com . was $ 1 ,159,500; par $50.— (V . 72, p. 1187.)
C AT S K I L L MOUNTAIN R Y . — Owns narrow-gauge road from Catsklll,
up the Catsklll Mountain, to Palenvllle, N . Y . , 16 m .; leases Cairo R R .,
Cairo Jet. to Cairo, N . Y . , 4 m .; total, 20 miles. Stock, $89,000 . There
are also second Incomes for $15,600, 6 % .
First Incomes have one vote for
each $100.
D lv. on 1st Incomes, 5.8281 % Sent. 1906. the llrst since 1897;
1907, 2 .9 1 0 4 2 % .
V . 83, p. 817.
E A R N I N G S — Year ending June 30
1907, gross, $74,967; net, $25,881; ln t., & c., $19,9 4 0 .— (V . 83, p. 817.)
C AYU GA & SUSQUEHANNA R R. — Owns from Susquehanna R iver to
Ithaca, N . Y . , 34 m .
Leased during length of charter and renewals thereof
to the Delaware Lack. Sc Western at a rental of $54,600 a year.
I)lvs. paid
arc 9 % yearly, with an occasional extra amount; In 1904 0 A % was paid.
CENTRAL BRANCH RY .— (Sec M a p M issouri Pacific.)— Owns Lenora
to Atchison, K an ., 293 m .; Jamestown to Burr O ak, K a n ., 33 m .; branches,
62 m . Stock, $7 ,5 8 5 ,0 0 0 , all owned by Mo. Pac.
Dividend, 1 4 % , paid In
year 1905-06; In 1906-07, 2 % . The $ 3 ,4 5 9 ,0 0 0 1st 4s of 1899 are guaran
teed, prln. and lnt., by the Mo. Pac. (see V . 68, p. 3 2 9 ). Form of guaranty,
V . 70, p. 279.
For year ending June 30 1907, gross, $1,626,452; net, $543,
401; other receipts, 57,728; Interest, $238 ,36 0; taxes, $106,723; Improve
m ents, $31,452; dlvs. ( 2 % ) , $151,700; bal., sur.. $22,894 .— (V . 7 3 , p. 31.)
CENTRAL OF GEORGIA R Y .— (See M a p .)— System Includes:
Lines leased— (see these cos.) M iles.
Lines owned In fee—
M iles.
Savannah to A t l a n t a ............... 295
Southwestern R R .—
Macon to E u f a u la .................... 144
Gordon to Porterdale
Fort Valley to Perry. - - ...........
12
Columbus to Birmingham, A la .
Fort Valley to Columbus------71
Columbus to Am erlcus_________
Total earnings
$72,217,528 $61,669,758 $50,481,882
Smlthvllle to Columbia-------85
Montgomery to Eufaula, A la ._
Net earnlnes
. . I _____________________ $25,303,309 $22,973,312 $15,475,088
21
Cuthbert to Fort Gaines------Columbus to Greenville, G a___
Interest received_______________________
2,364,480
1,969,447
1 ,o 8 4 ,664
Augusta Sc Savannah R R .—
Opelika to R o a n o k e.....................
Milieu to A u g u s t a - - - - - - ------53
Eufaula to Ozark---------------------$27,667,789 $24,942,759 $17,059,752
Griffin, G a.,to C hat.,T enn., dec, 1 9 8 1Chattahoochee A Gulf R R .
$8,511,756
$8,350,545 $7,954,066
Fixed ch arges_______
Columbia
to
Lockhart.............
91
Cldckamauga
to
Durham_______
18
For steamships, & c-------- ---------------------780,000
580,000
230,000
Savannah to Tybee........................
18 Trackage ................
1
Dividends on common stock________ *(6 )7 ,3 0 0 ,8 0 0 (6)6,084,000 (6)5,577,000
Columbus to Andalusia............... 138
Dividends on preferred stock-------------(4) 1,736,228 (4) 1 ,660,133 (4) 1,514,133
Total oper. July 1907..............1,914
Macon Junction to Athens____
102
Brewton to Dover...........................
77
Balance, surplus____________ _____ $9,339,005 $8,268,082
$1,784,553
Barnesvllle to Thom aston_____
16 Also Meldrlm to Lyons, 58 mile
♦Also 1% extra paid In 1907 from Interest on land sales, viz., 'A %
(leased to Geo. & Ala. R y.
Lyerly Branch.......... .......................
9
April 1 and A % Oct. 1 .— (V . 86, p. 51, 545, 601, 720.)
Seaboard Air Line system ).
Upper Cahaba Branch--------------12
CANE BELT R R .— Sealy to Matagorda, 93 miles.
Branch to Garwood,
Greenville to R aym ond...............
24 Ocean Steamship C o., estimated
9 miles. The Lincoln Trust Co. of St. Louis Is the mortgage trustee.
, equivalent o f------------------------------- 300
Bonds are Issuable at $15,000 per mile, but all bonds above the $750,000
Total owned (and oper.)____ 1 ,4 3 6 1
new outstanding will be In subordination to the lien of the latter on the
O R G A N IZ A T IO N .— Organized O ct. 17 1895 and N ov. 1 succeeded to the
present mileage. V . 77, p. 2338. Stock $ 1 00 ,00 0, all acquired In N ov.
properties of the Central R R . & Banking Co. of Georgia, foreclosed, per plan
1903 by Atchison Topeka & Santa Fe, which leases the road for 50 years
In V . 6 0 , p. 1008. and V . 61, p. 68. Controls Wrlghtsv lie Sc lcnnllle and
from July 1905. V . 77, p. 2097.
Year ending June 30 1905, gross,
W adlcy Southern R y ., all of the bonds of the latter being owned and de
$223,810; net, $ 4 7,611 .— (V . 77, p. 2338.)
posited to secure short-term notes due March 1 1912.
V. 8.>, p. OOo.
CAR OLINA CLINCHFIELD & OHIO R R.— To extend from ElkIn June 1907 the stock, which was held by the Richmond rermlnal re
horn. K y ., on the Chesapeake & Ohio, to Spartanburg, S. C ., on the South organization committee since 1896, was sold to Oaklelgh 1 borne and Mar i
ern R y. and Atlantic Coast Line, about 285 miles, of which 6 7 H miles,
J. Perry, who In N ov. 1907 resold to E. II. H arrlm an.w ho will turn the
from Johnson City, Tenn., south to Altapass, N . C ., and 8 miles from Dante
road over to the Illinois Central. The first-named will retain voting con
to Fink, V a ., was operated In March 1908. Construction was completed
trol for two years from purchase by them on at least 6 0 % of issue.
V. 84,
or largely completed from Altapass to Bastlc, N . C ., 61 miles, and from
p. 1550; V . 85, p. 1082, 1268; V . 86, p. 667.
Fink, V a ., to Johnson City, Tenn., 78 miles. Controlled by the Cum ber
S
T
O
C
K
.—
$
5
,0
0
0
,0
0
0
;
see
O
R
G
A
N
IZ
A
T
IO
N
above.
land Corporation, which owns the Cllnchtleld Coal Corporation, whose
B O N D S .— The first mortgage of 1895 (described In V . 63, p. 1160) Is a
285,000 acres of coal lands the road will develop. V . 86, p. 669; V . 83, p.
first lien on the main line from Atlanta to Savannah, Including the MUledge154. See Cumberland Corporation.
Financed by leading New York
vllle
branch (312 m . In a ll), all equipment and appurtenances, and the equity
bankers.
•
__
In $1 ,9 9 5 ,0 0 0 of the capital stock of Ocean Steamship Go. of Savannah,
Name changed In March 1908 from South A Western R R ., stock being
No dlv. was paid on Ocean Steamship stock In 1907. V . 84, p. o29, 60o.
Increased from $7,600,000 to $27,000,000, of which $15,000,000 Is 6 % pref.
Application for listing firsts and consols In V . 3 3 - p . 1160.
and $12,000,000 common.
The consol, mort. (see abstract V . 61, p. 873; also V . 63, p. 1160; V . 83, p.
B O N D S .—-A new mortgage has been authorized to secure $15,000,000 301347) Is a first lien upon 600 m . (Including former Mont. & Eufaula R R .,S a v .
year 5 % bonds dated June 1 1908, of which $ 3 ,000,000 will be reserved to
Sc Western and Sav. Sc A tl.); also on the leases of the South Western and
retire the old bonds (3 Issues) to the same amount deposited ns collateral for
Augusta Sc Savannah roads and the stock of New England A Savannah
the Cumberland Corporation 1-year notes of 1908: $3,000,000 are reserved
Steamship C o ., and a second Hen upon the main line, Its equipment, & c.,
for equipment and remainder will be Issued for construction. The mtge.
and also on the Macon Sc Northern, Mobile Sc Girard, and other divisions.
will be secured on the road from Dante, W . V a ., to Spartanburg, S. C .,
It also covers all leaseholds, securities, &c. The remaining $300,000 are
245 miles. V . 86, p. 667, 856.
„
available for betterments and equipment.
V . 85, p. 605.
Mark W . Potter, Chairman of Board, 24 Broad S t ., N . Y . — (V. 86,
Macon A Northern Division bonds are also direct obligations of the
p. 667, 856.)
Central R y ., with llrst Hen from Macon Jet. to A thens, G a., 102 miles.
CAROLINA & NORTHWESTERN RY .— Owns standard-gauge road,
Middle Georgia A Atlantic Division bonds.— (V . 65, p. 823; V . 64, p.
Chester, S. C ., to Lenoir, N . C .. 110 m . Controls Caldwell A Northern Lenoir
180: V . 65, p. 324.)
to Edgem ont, N . C ., 25 m . Reorg. In 1897 of Chester A Lenoir, foreclosed.
Collateral trust mortgage abstract was In V . 45, p. 242.
In Mch. 1900 nenrly all stock was acquired by a syndicate. Stock author
The Chattanooga Division mortgage Is a llrst lien on the former Chatta
ized $ 1 ,0 0 0 ,0 0 0 each of com . and 4 % non-cum. pref.; outstanding, Apr.
nooga Rome Sc Southern R R ., Carrollton, G a ., to Chattanooga, T e n n .,138
1908, $854,250 com . and $550,000 pref. stock. O f the 50-year 1st gold 5s
miles, and Durham to Chlckamauga, G a., 17 miles, with branches, In all 164
due July 1 1953 (Standard Trust Co. of New York, trustee), $1,500,000 were
miles, subject to $343,000 old 5s, for which a like amount of bonds Is re
used to retire all underlying bonds and $ 1 ,000,000 are applicable to exten
served. V . 72, p. 1134; V . 78, p. 1446.
sions, new equipment, Ac.
Year 1906-07 (110 m .), gross, $356,629; net,
Upper Cahaba Branch bonds are secured by coal lands In Northern Ala
$103,206; Int. on bonds, $75,583; bal., sur., $27,623.
Pres., W in. A .
bam a. V . 81, p. 920. 1099.
,
Barber, 5 Nassau S t., N. Y . — (V . 77, p. 348.)
The preference Income bonds, subject to the prior mortgages, cover the
main line and the former Savannah Sc W estern, Columbus & R om e, Mont
C AR TH A GE & A DI RO N DAC K R Y — (See M a p s N . V. Central.)— Owns
gomery Sc Eufaula, Mobile A Girard, Macon & Northern and Savapnah &
from Carthage to Newton Falls, N . Y ., 46 m . The entire stock, $ 5 00 ,00 0,
Atlantic and other railroads, and their equipm ent, See. They arc nonIs owned by the N . Y . Central R R ., which In M ay 1893 leased the prrperty
cumulatlve and bear Interest not exceeding 5 % In any one llscal year, but
In perpetuity and guaranteed Its $1,600,000 bonds, of which $500,000 were
payable only cut of net earnings as declared.
In Oct. 1905 It was arranged
for extensions, A c .— (V . 57, p. 218.)
to attach coupons to Income bonds. V . 81, p. 974, 1174.
C ART HA GE WAT ERTOWN & SACKETT’ S HARB OR R R .— {Sec Maps
’96. ’97. '98. ’99. ’00. '01. ’ 02. ’03. ’ 04. *05. *06 . ’07.
Dividends ( % ) —
N . Y . Central.)— Owns from Carthage to Sackett’s Harbor, N . Y ., 29 miles.
5
5
5
5
2
2 3%
5
3
5
Controlled by N . Y . Central, which owns $484,100 of the stock and guaran On 1st pref. Incomes 1% 2 X
5 3.729
5
On 2d pref. Incomes 0
0
0
0
2
0
0
0
0
tees the bonds.
Leased to R . W . & O. for 37 A
l % of gross earnings. Rental
5
5
0
0
0
On
3d
pref.
Incomes
0
0
0
0
0
0
0
In cal. year 1906, $42,734. Cap. stock, $465,845 com . and $21,500 pref.
A p r .,
1908. J
R A IL W A Y
R A IL R O A D S
STO CKS
M iles Date
of
of
Road Bonds
For explanation of column headings, etc., see notes
on first page of tables.
Cent of (la Ry (Concl) — UoperCahaba M g red 102
N
Greenv & New 1st M g red 102 K ------------------------ -N
2d
do
do ) gold If earned------ ---------------- Ce
3d
do
do J n on-cum ulatlve------------------ ,-M a
Central RR & Bk coll tr bonds gold red at 110-C e.c*
Equipment trust notes Oct 31 1907 ......... .....................
Locomotive and car trusts payable 5131,000 s - a — c
Euulmnent trust series H $ 51 ,0 0 0 s-a (V 82 p 2 1 7 ) ..
Equip trust series I $115,000 s-a (V 83 p 7 5 1 )-----GP
do
do series K $38,000 sem i-annu ally------------Notes secured by W adley Southern bds------------------Guaranteed, etc., Securities
Ocean SS Co llrst mortgage gold guaranteed..C c.c*
Steamship bonds g ass’d by O SS Co 509,000 due s-a
Augusta ct Savannah stock (no bonded d e b t ) ---------Southwestern Railroad stock (no bonded d e b t)----- .
Chattahoochee & Gulf stock----------------------- --------------First M gold $2,000,000 Int rental s f red at 102 H
Cent Indiana— 1st M $4,000,000 gu p & 1 end Cc.c*&r
Central New lin g — First M $1,250,000 call 105-F P .c*
General mortgage 5 % Incomes 57,250,000 . FP.r
Dutchess County R R — First M gold g u a r .. ..M e .c *
1905
1905
1895
1895
1895
1887
’ 00-1-5
___ ’ 02-3-5
1900
1906
1907
1907
...
10K
24
___
___
___
...
1890
’ 03-’04
53
333
91
117
58
58
12
59
59
Central Ohio— See Baltimore & Ohio
Central Pacific—
First ref M $100,000,009 g guar p & I e n d .-C e.c *& r
3 tjS $25,000,000 gold guar p & I end . _ U s.c*& r
Lucln cut-oir 1st M $10,000,(300 guar (text) (i.c*& r
1,349
1,349
103
1900
1903
1899
1899
1890
1894
1891
1877
1899
1899
1904
1899
Central RR of N J — Stock ($30,000,000 au th orized )..
Cent RR of N J gen M 550,000,000 g o l d .. -Ce.c&r
1887
All
do
do
registered____________________
1887
All
Guaranteed Bonds—
Leh & Wllkesb Coal con M guar p & 1 ext In 1900 . .
1875
5s of 1912 sinking fund not guar (not drawn) .F P .c
1888
a Of the balance, $5,881,272 Is retained as collateral for no tes by
$1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
50,000
1,000
100
100
100
1,000
1,000
1 ,000
1 ,000
1,000
1,000
1,000
1,000
$3,160,910
274,621
IN T E R E S T OR D I V I D E N D S
Rate
%
When
Payable
Where Payable, and by
Whom
Bonds— P rinci
pal, When D ue
Stocks— Last
Dividend
4 g
4 g
5 In 1907
3.729 ’ 07
5 In 1906
5 g
3H & 0
4 )4
4H S
4H g
5 g
5 g
F & A
M & S
Oct 1
Oct 1
Oct 1
M & N
Mo & qu
Various
F & A
J
& J
M & S
M & S
Guaranty Trust Co N Y
Guaranty Trust Co N Y
Guar Tr Co N Y or Savan
do
do
do
do
Guaranty Trust Co N Y
do
do
Blair & Co New York
do
do
Kountze Bros New York
do
do
Guaranty Trust C j N Y
Aug ’ 05-A u g ’ 25
Sept ’ 08-Sep ’ 2e
N ov 1 1945
Nov 1 1945
Nov 1 1945
May 1 1937
To Jan 1910
To Jan 1912
To Feb 1916
To July 1916
To Mch 1 1917
Mch 1 1912
J
J
J
J
J
J
M
F
Guaranty Trust Co N Y
Blair & Co New York
Savannah Ga
Savannah and Macon
Savannah Ga
Citizens’ Bk SavannahGa
Central Trust Co N Y
Fid I T & S D Co Phlla
Yearly If earned
Fid I T & S D Co Phlla
July 1 1920
To July 1911
Jan 1908 2JT%
Jan 1908 2JT%
Jan 1 1908 214
July 1 1930
May 1 1953
Feb 1 1919
Feb 1 1949
June 1 1940
1,000,000
510,000
1,022,900
5,191,100
436,400
358,000
1,500,000
1,250,000
7,250,000
350,000 i / 4
500.000
216,000
1,164,500
5 g
5 g
5
5
5
5 g
4 g
5 g
5 g
(6) g
5
6
4 g
500 &c a 7 9 ,242,000
500 &c 10,743,500
3H g
1,000 &c
9,199,000
4 g
3
5,881,272
100 27,436,800 8 In 1907
500 &c\ b 15,091 ,000 J 5 g
500 & cj
\ 5 g
& J
& J
& J
& J
& J
& J
& N
& A
Oct 1
J & D
M & N
M & N
It earned
Mch 1 1921
June 1 1977
F & A
120 Broadway N Y
J
& I)
do
do
A & O New York
Aug 1 1949
Aug 1 1929
Oct 1 1954
Aug ’ 08-F eb ’ 09
Q— F
Office 143 Liberty St N Y May 1 1908 2 %
J
& J
do
do
July 1 1987
do
do
July 1 1987
Q— J
Q— M
1,000 12,175,000
do
do
June 1 1910
4«
1,000
2,691,000
5
M & N
do
do
Nov 1 1912
U S Gove rnment. b Includes $1,167,0 00 In treasury July 1907.
$2,717,088
248,304
$2,905,453
Total net Incom e---------------- __ $2,788,500 $3,435,531
51,802,083 $1,753,219
$1,737,458
Interest on funded debt, & c. . - —
477,091
431,641
373,478
Rentals and miscellaneous . . — ..
( 5 % )2 0 0 ,0 0 0 (5 % ) 2 0 0 ,0 0 0 (5 % ) 200 ,000
Dividend on 1st Incomes -----------Dividend on 2d Incomes -----------(3 ’29 % ) 201,030(5 % ) 350,000(5 % ) 350,000
Dividend on Incomes------------------ -- ........................... (5 % ) 2 0 0 ,0 0 0 (5 % ) 200,000
Balance for y e a r -----------------------------def .$12 ,904sur.$500 ,671sur,$104 .517
O F F IC E R S —-Pres,, J. F. Hanson, Macon, Ga.
Directors Oct. 1 9 0 7 ,
V . 85, p. 1004. 1208.— (V . 85, p. 1338; V. 80, p. 419, 607.)
C E N T R A L I N D I A N A R Y . — Muncle to Brazil, Ind ., 127 m ., of which
10 m . trackage. V . 76, p. 053. Controlled by Clev. Cine. Chic. & St. Louis
and Penn. R R . interests.
Bonds, guaranteed by Clev. Cine. Chic. & St. L .,
are limited to $20,000 per node; outstanding, $1,5 0 0 ,0 0 0 . V . 77, p. 517,
2279; V . 78, p. 1906, 1961. Stock authorized, $120,000. Cal. year 1907.
gross. $148,130; def. under oper. exp ., $09,326.
In 1906, gross, $161,788.
P res.. Joseph Robinson.— (V . 77, p. 2279; V . 78, p. 1900, 1961.)
C E N T R A L N E W E N G L A N D R Y . — Owns from Campbell Hall, crossing
the Hudson River at Poughkeepsie by Its own bridge, to SUvernalls, 58 m .;
Poughkeepsie, N . Y . , to Hopewell, 12 m .; Dutchess Jet., N . Y . , to State
line, 59 m .; Poughkeepsie, N . Y . , to Boston Corners, 35 m .; total owned.
164 miles; and leases and controls Hartford & C on n. Western R R ., Hartford
to RhlneclUI, 109 m .; Wlcopee J et., N . Y . , to Flshklll L d g., N . Y . , 2 m .;
total. 293 miles.
V . 72, p. 1273; V . 73, p. 337; V . 70, p. 435; V . 84, p. 1427.
O R G A N IZ A T IO N .— In June 1907 the Ncwburg Dutchess & Conn.,
Dutchess County R R ., Poughkeepsie Bridge R R . and Poughkeepsie &
Eastern were merged.
V. 84, p. 1550.
On June 30 1907 the New York
New Haven & Hartford R R . owned $3,382,870 pref. and $4,394,795 com.
stock: also $0,318,123 of the $7,250,000 Income and $190,000 llrst mtge.
bonds, the $500,000 Poughkeepsie & Eastern bonds, all of the $210,000 coll,
and $1,150,500 Income N . 1). & Conn, bonds and $900,000 (total Issue) of
C ent. N . E . notes. V . 8 5 ,p. 4 0 4 ,8 5 8 .
S T O C K .— The stock Is to be held In voting trust for ten years, or until 4 %
interest Is paid on gen. mtge. for two years. Voting trustees, J. P. Morgan,
W m . Rockefeller, Charles F. Choate, Charles F. Brooker and Charles Lanier.
C o m ., $4,800,000; pref., 4 % , $3,750,000; par, $100.
E A R N IN G S .— 12 mos. ending June 30 (293 miles, against 256 In 1904-05)
12 M o s .—
Gross.
Net.
Other Inc. Charges.
Balance.
$50,548
$207,070 d ef.$647,509
1906-07 ____ $2,153,307 d ef.$431,047
1905-06
- 1,079,450
170,909
53,312
216,099 sur.
7,522
O F F IC E R S .— C. S. Mellen of New H aven, Pres.; A . S. M ay, Treas., and
J. G. Parker, Sec.— (V . 84. p. 1550; V . 85, p. 159, 220, 404.)
C E N T R A L P A C I F I C R Y . — (See M a p of Southern Pacific.)
Lines owned—
M iles.
M iles.
San Francisco, C al., to near
Branches to San Jose, & c.............
33
Leased—
Ogden, Utah - .....................
871
25
Lathrop, C a l., to Goshen, Cal
140 Weed to Grass L a k e ,................ ..
Trackage—
Roseville Junction, C al., to
11
Oregon State Line............ ......... 297 Into Ogden, & c........................ .......
Um bria to Cecil......................
- 103
I Total — .........................................1,489
O R G A N IZ A T IO N .— Incorporated In Utah In July 1899 as successor of
the railroad under the plan of readjustment In V . 68, p. 378.
S T O C K .— (1) Common Stock, $ 0 7,275 ,500 , all held by Sou. Pac. Co.
(2) Preferred stock, 4 % cumulative, authorized Issue $ 2 0,000 ,000 , to be
delivered to Sou. Pac. Co. In consideration of Issue of equal amount of Sou.
Pac. Co. 4 % collat. trust gold bonds: of which delivered on completion of
readjustment $12,000 ,000 ; reserved to be delivered only to provide addi
tional funds, If required, for the payment of 3 % notes to the United States,
and thereafter only for betterments and additions, $3,000,000; reserved to
be delivered for Improvements and additions at not over $200,000 yearly,
$ 5 ,000,000; outstanding, $13,400 ,000 .
.
•
B O N D S .— First refunding mtge. gold 4s, $ 1 0 0 ,0 00 ,000 , secured by all the
railroads, terminals and equipment new rwned. Including about 1,349
miles of llrst track, &c. Of the authorized Issue, 55,881,000 Is held by
the United States as collateral for 3'!:, notes and $14,704,000 were In Aug.
1907 held In the treasury, and $79,212,000 are outstanding In the hands of
the public. Sec abstract, V. 69, p. 808, and V . 70, p. 739; V . 78, p. 228.
Thirty-year gold 3 H *. $ 2 5 ,200 ,000 , secured by a second lien upon all the
properties covered by the 1st ref. mtge. and also by deposit with the Trus
tees, as acquired, of all securities and moneys held In any sinking fund of the
Central Paelllc R y ., consisting July 1 1907 of $8,732,000 In securities and
$122 cash, and by a trust deed upon all the lands covered by the m tge. dated
O ct. 1 1870.
See Mortgage Abstract, V . 60, p. 858; also see p. 851.
From
the proceeds of these sinking funds and land sales cancellation of bonds will
be made from time to time: In Feb. 1900 $2,505,000 3 H s were canceled and
to June 1907 $ 3 ,700,000 additional had been canceled, reducing those out
standing to $ 1 0,743 ,500 . V . 70, p. 739, 1194.
Twenty 3 % notes, aggregating $ 5 8 ,812,714, were Issued to the Government
n settlement of the subsidy debt; $52,931,442 was paid, leaving Feb. 1908
$5,881,272 to mature. $2,940,035 half-yearly hereafter to Feb. 1909. First
etundlug 4s are deposited to retire them.
$525,000
525,000
4,000,000
7,000,000
4,000,000
4,880,000
103,584
774,000
816,000
1,605.000
684,000
650,000
27
BO NDS.
Size, or
Par
Amount
Value Outstanding
In Oct. 11)07 the holders of 52 ,4 9 8 ,0 0 0 second preference and $1,350,000
third preference Income bonds, dissatisfied with the dividend declaration
in 1907, had deposited their bonds with a committee (Jos. F. Dale, 52
William S t., N . V , Secy).
V . 85. p. 52.1, 605, 053, 7 2 1 ,7 9 2 . Suits, V . 80,
p. 419.
L A T E S T E A R N S . — J1907-08____Gross, $8,357,307; net, $1,995,224
8 m os.. July 1 to Feb. 29.1 1900-07____Gross,
8 ,269,631; net,
1,938,575
A N N U A L R E P O R T .— Report for 1906-07 at length In V . 85, p. 595, 004.
Years ending June SO—
1907.
1906.
1905.
Gross earnings.......... ..................... - ........... $12,082,777 $11,390,123 $10,135 ,055
Total operating expenses.
-------- _ - ($9,600.216 ( $7,882,218 $7,091,527
T a x e s ____________________ ______________/
l
352,995
320,439
Net earnings from op eration ........... $2,470,501
Other sou rces__________________________
311,939
AN D
The 4 % guar, bonds on the Lucln cut-off are redeemable at 107
on Oct.
1 1909 or any Interest day thereafter. V . 79, p. 1041.
Form of guaranty,
V . 80, p . 162.
L A N D G R A N T .— Total land grant was about 12,000,000 acres, of which
about $7,710,022 acres remained unsold on June 30 1907. Sales In 1906-07,
0,237 acres. Land contracts July 1 1907— principal, $110,954; average
price per acre. $8.14.
R E P O R T .— In 1906-07, gross, 532,192.827: net, 513,217 ,738 ; other In
come, $789,599; Int., taxes, sink, funds, & c., $ 5 ,2 8 7 ,8 6 7 ;.bal., sur., $ 8 ,7 1 9 ,
470, of which payable to Sou. Pac. Co. under terms of lease, $ 1 ,9 5 2 ,7 9 7 ,
leaving $ 6 ,7 0 6 ,6 7 3 .— (V . 80, p. 162, 471, 649, 871; V . 81, p. 1174.)
C E N T R A L R R . OF P E N N S Y L V A N I A . — Owns Bellefonte (Penn. R R .)
to Mill Hall, Pa. (Penn. D lv. of N .Y .C .& H .R R .R ) , 27 miles; branch, 5 m .
Current liabilities June 30 1907, $752,734.
For year 1900-07, gross, $ 9 1 ,
202; net, $29,803; other Income, 56,348: charges, $45,385; def., $ 9,174.
Stock, $1,200,000; par, $50.
C E N T R A L R R . OF N E W J E R S E Y . — (See M a p Reading System .)— Oper
ates from Jersey City, opposite New York City, westerly to Wilkes-Barre
and Scranton, P a ., and the neighboring anthracite coal Helds; also southerly
to the seashore resorts of New Jersey, &c.
H I S T O R Y .— Chartered In 1849. From M ay 1883 to Jan. 1 1887 leased
to Phlla. & Reading.
Receivers were In possession from Jan. 1 1887 till
Jan. 1888.
Reorganized In 1887 without foreclosure— see plan V . 44, p.
714, 710. Concerning coal properties, see Lehigh & Wilkes-Barre In "S u p
plement” of Jan. 1903 (p. 159), and Lehigh Coal & N av. In "M iscellaneous.”
In Jan. 1901 Reading Co. acquired $14,500 ,000 of the stock.
V . 7 2 ,p . 86,
136, 241, 391, 721.
On June 30 1907 owned $1,600,000 Lehigh Valley R R .
stock.
V . 81, p. 971.
Lines owned in fee—
M iles.
M iles.
Jersey City to Phllllpsburg---------- 72 Nesquehonlng V a lley*------------------- 17
Sundry branches— . ----------------------- 84 Lehigh & Susquehanna, Phllllps
burg to Union J e t ., & c----------------171
Entire stock owned—
Wilkes-Barre & Scranton*----------------- 5
New York & Long Branch R R .,
8
Perth A m boy to Bay H ead------ 38 Other lines--------------------------------------Trackage—
New Jersey Southern R R ., Long
Branch to Atslon, & c---------------- 76 Union Coal R R ____________________ 10
3
Other lines (no debt) -----147 Allentown Term . (oper.Jointly). .
Other trackage.......... ........
6
Leased (mostly for 999 years) —
Ogden Mine R R * --------------------------- 10
Total oper. July 1 9 0 7 -................ 648
* See tills company.
There are 203 miles of second and 41 miles of four tracks.
In July 1905
New Jersey Terminal R y . . 7 miles, was acquired. V . 81, p. 506.
D I V .— 1 ’ 91. ’ 92 to ’ 94. '95. '96. '9 7 . '98. '99. '0 0 . '01. 1902 to M a y '08
Percent . . / OH 7 y ’ly.
5 ) 3 5 4 IT 4
4
5
5 8 ycarly(Q -F)
B O N D S .— For general mtge. abstract see V . 45, p. 402.
The L. & W . coal m tge. Is for $15,000 ,000 ; the bonds, formerly' 7s, of
which $12,175 ,000 have been Issued,were In 1900 extended at 4 * T % ,a n d
guaranteed, principal and Interest. See guaranty, V . 71, p. 26.
Jointly and severally with the Lehigh Coal & N av. Co. guarantees $ 1 ,0 6 2 ,
000 Lehigh & H ud. R lv . R y. gen. 5s, prln. and Int. See V . 67, p. 788.
Equipment Mortgage 4s. Interest at Liberty National Rank., N . Y . C ity.
($1,000 each)
Date.
Interest. Outstanding. Instil, of Prln. due Y 'l y .
Ser. A & B -- -------1899 02 4 % Var. $1,590,000 $420,000
1908 to 1912
Ser. C _____ _ _______ 1903
4 % A& O
1,750,000 350.000 to April 1 1913
Ser. D ($ 1 ,0 5 0 ,0 0 0 ). 1905 4 % M &S In treasury
150.000 to March 1915
Ser. E (52,8 0 0 ,0 0 0 )-1 9 0 0
4% F&A
do
do
350.000
1909 to 1916
Ser. F ($1,100,000) .1907
4 % J& D
do do
110.000
1908 to 1917
E A R N IN G S .— For 8 months ending Feb. 28:
8 months—
Gross.
Net.
Charges.
B a l..su rp .
1907-08 ....... ........... ............$18,325,255 $7,772,768
$3,728,264
$4,044,504
1906-07 ____ _ _________ 17,373,036
8,187,628
4,907,617 3,280,011
Charges In 1907-08 Include $783,371 for additions and Improvements;
none Included In 1906-07.
A N N U A L R E P O R T .— The report for 1906-07 was In V . 85, p. 785.
Earnings from—
1907.
1906.
1905.
Merchandise _____
$9,288,920
$8,671,217 $7,471,038
C o a l ___________
8,534,366
7,462,065
7,885,388
Passengers
- ______
4,247,359
3,920,552
3,441,202
Exprses and m all_____________________
520,395
372,603
. 353,451
M iscellaneou s_________________________
181,528
96,594
108,037
Total gross earnings rail lines---------$22,772,508 $20,523,031 $19,259 ,117
$9,805,855 $9,282,626
Net earnings............. - ________________ $10,913,626
1,606,565
1,566,345
Other Income----------------------------------------1,785,312
Total net Income------------------..$ 1 2 ,6 9 8 ,9 3 8 $11,472 ,420 $10,848,971
Interest on debt.
----- ...
- . $3,038,289 52,869,026
$2,830,200
Rentals paid___________
2,765,213
2,386,380
2,528,305
T a x e s _____________
1,112,558
556,710
458,041
Renewal funds, & c-------------------------------3.512,061
3,373,799
2,697,702
D iv id en d s........ .................
(8)2,194,844 (8)2,194,424 (8)2,193,704
Balance, surp lus..............................
$75,973
$91,481
$141,016
— (V . 83, p. 685; V . 85. p. 721, 785: V . 86, p. 667.)
C E N T R A L R R . O F SO UT H C A R O L I N A . — Owns from Lane, S. C ., to
Sumter, S. C ., 40.2 miles; spurs, & e., 1.61 m .: total, 41.81 m .
Leased to
Atlantic Coast Line R R .; rental, $31,000 yearly and taxes. Stock, $ 1 7 0 ,
000; par, $50,
In 1906-07 rental, $31,000; gen. e x p ., $315; Int., $18,000;
dlvs. ( 7 .2 % ) , $12,240; b a l., sur., $445.— (V . 64, p . 887.)
C E N T R A L R Y . OF SOUT H C A R O L I N A . — (V . 82, p. 927.)
C E N T R A L V E R M O N T R Y . — Operates from Rouse’s Point, at north end
of Lake Champlain, to New London, C onn., with branches, 536 miles In all,
of which 100 miles leased, viz.: New London & Northern (see that co.)
121 miles; Montvllle Branch, 3; West River R R ., 36 m .
O R G A N I Z A T I O N — Succeeded May l 1899, per amended plan In V . 67
p. 735, the Central Vermont Railroad, foreclosed. V . 68, p. 1076.
28
R A IL W A Y
STO CKS
AN D
R A IL R O A D S
F o r explanation of column headings, A c ., see notes
on first page of tables.
Central RR of N J— (Concluded)
A m Dock & Im p Co 1st M guar redeem at 110____ c*
N Y & Long Branch gen M gold ($192,000 5s)___Ce
Lehigh & Hud Rlv gen M gold guar jo in t ly ...C e .c *
Central RR of Pennsylvania— First M $ 1 ,2 0 0 ,0 0 0 ..FP
Central RR of South Carolina— First mtge gold.......... c
Cent Ry of So Car— First M $150,000 g gu red-------CP
Central Vermont— Stock $3,000,000 ---------------------------First M $12,000 ,000 gold traffic guar.............. AB .cAr
Car trusts $15,000 or $16,000 due qu arterly_______
Locomotive trusts $20,000 due yearly (V 83 p 7 5 1 ).
Montreal & Province Line R y 1st M guar p & I____ c
Charleston & Savannah— See Atlantic Coast Line R R .
Charleston Terminal— First M $1,000,000 g o ld .S .c*A r
Charleston U 11 Sta— 1st M $400,000 g gu (tex t)-E ac* Ar
Charleston & W est Car— IstM g($8,000 p m) -Ce.c* Ar
Income mtge gold non-cum ($7,000 per m ile). .G .c *
Augusta Terminal R y 1st M gold guar p & 1 end. .Ce
Charlotte Monroe & Columbia— First M $70,000 gold.
Charlotte Columbia & Augusta— See Southern R y
Chartiers— See Plttsb Cincinnati Chicago & St Louis
Chat & Lake Placid— Sar & Lake Placid 1st M g.C e.c*
IN T E R E S T OR D I V I D E N D S
M iles
of
T
Road Bonds
38
40
7
All
40.6
340
22
10
10
Consolidated mortgage $110 ,00 0 _________ _______ AB
16^
Chattanooga Stat— 1st M $1,000,000 g gu(text)T a.c& r
34
Chesapeake Beach— First mtge $1.000,000 g _____ N.c*
___
Chesapeake & Ohio— Stock (transfer agt J P M & Co)
Mortgage 6s gold Series A _______________________Cc.c* 1 494
do
do Series B _______________________Ce.c* ) 424
74
First mtge of 1911 Peninsular Extension gold____ c* j
10
Terminal 1st M 1922 covering 8 m to Phoebus g . .c *
697
First consol mtge for $30,000,000 gold____ Cc.c* Ar
241
Richmond & All Dlv 1st cons M g (see te x t)-.C e .c *
241
Second cons M Rich via Lvnchb to Clifton F ___Ce
26
Craig Valley Branch first mortgage gold---------Ce.c*
25
W arm Springs Branch first m ortgage gold------ Cc.c*
General mortgage (for $70,000 ,000 Ac) gold— Ce.c* 1,400
c Guaranteed Jointly with Lehigh Coal & Navigation Co
1881
1891
1890
1893
1881
1906
1899
t905
1906
1900
Size, or
Amount
Par
Value Outstanding
Rate
%
5
$4,987,000
1,891,000 4 A 5 g
Cl ,062,000
5 g
6
600,000
300,000
6 g
150,000
6 g
3,000,000 $2,185,
10,654,500
4 g
434,000
4
180,000
4H
200,000
4 g
$1,000
1,000
1,000
500 Ac
1,000
500
100
1,000 Ac
1,000
100 Ac
1903
1907
1896
1896
1897
1902
1,000 Ac
1,000 Ac
1,000
1,000
1,000
1,000
1893
1896
1900
1907
1898
____
1878
1878
1881
1882
1889
1890
1890
1890
1891
1892
1,000
1,000
1,000 Ac
1,000
100
1,000
1,000
1,000
500 Ac
1,000
1,000
1,000
1,000
1,000
1,000
S E C U R IT IE S , A c.— The Grand Trunk R y . holds $2,185,100 of the $ 3 ,
000,000 stock, and under a traffic contract will make good any deficiency
In earnings to meet Interest on the new firsts up to 3 0 % of Grand Trunk
gross receipts from traffic Interchanged. Form of guaranty, V . 85, p. 283.
R E P O R T .— For year ending June 30]1005, In V . 81, p. 1488:
Year—
Gross.
Net.
Oth. inc.
Charges.
Bal.,sur.
1906 -07_____ $3,833,088
$688,380
$13,840
$700,407
$1,813
1905-06_____ 3,836,976
686,628
13,840
695,952
4,516
Officers.— Pres., Charles M . Hays; Clerk and Treas., W . H . Chaffee, St.
Albans, V t.— (V . 83, p. 1227; V . 84. p. 930; V . 85, p. 283, 1005.)
C H A R L E S T O N T E R M I N A L CO.— R O A D .— Owns terminal road In
Charleston, S. C ., 5.02 miles; track laid with 60-lb. steel.
Company also owns 14 wharves, 30 warehouses, about 30 acres of land,
4 cotton compresses, A c ., on the city’s water front, these being connected
by Its own road with the other railroads entering the city. A reorganization
of the East Shore Terminal C o.’s R R ., foreclosed July 14 1903; V . 77, p. 148,
298.
Stock, $200 ,00 0, owned jointly by Atlantic Coast Line R R . amt
Southern R y . .which agree to make good any deficiency In Interest on bonds.
Pres.. W m . E . Huger; Treas., R . D . Lankford; Sec., Henry Fraser.
E A R N IN G S .— Gross, year ending June 30 1907, $198,888; net Income,
$77,899: Int. and taxes, $14,000; bal., sur., $33,8 9 9 .— (V . 77, p. 146.)
C H A R L E S T O N UN IO N ST A T I O N CO . — Owns passenger station at
Charleston, S. C ., used by Atlantic Coast Line and Southern R y ., which each
owns one-half the stock and guarantees the bonds, p A 1, by end. V . 8 4 , p . 5 0 .
C H A R L E S T O N & W E S T E R N C A R O L I N A R Y . — Port Royal, S. C ., via
Augusta, G a., to Spartanburg, S. C ., 245 in.; branches to Anderson and
Greenville, S. C ., 96 m .; leased, 2 m .; total, 341 m . A consolidation Oct. 3
1896 after foreclosure sale.
Entire stock and portion of Income bonds were
acquired by Atlantic Coast Line In Dec. 1897. V . 66, p. 38, 335.
D lv. on
Incomes, 2 % for 1903-04; 3 % for 1904-05; 5 % for 1905-06.
S T O C K .— $1,200,000; par, $100. See Augusta Tdrm. R y . V . 66, p. 383.
E A R N IN G S .— For year ending June 30 1907, gross, $1,516,083; net,
$203,475; other income, $24,167; lnt. on bonds, $172,000; taxes, $45,896;
surplus, $9,745. Pres., J. 13. Cleveland; Sec., R . D . Cronly, Petersburg,
V a .— (V. 7 3 .j> . 1207.)
C H A R L O T T E M O N R O E & C O L U M B I A R R . — McBee, S. C ., on Seaboard
Air Line, to Jeirerson, 22 m . Stock, $48,000. The Richmond Trust A Safe
Deposit Co. Is mtge. trustee. V . 75, p. 1030.
For year ending June 30
1906, gross, $ 2 8 , 608 ; net, $16,071. Pres., Ernest W illiam s.— (V .75, p.1030.)
C H A R T I E R S R Y . — Merged In N ov. 1907 In Pittsburgh Cincinnati Chi
cago A St. Louts R y .— (V. 85, p. 159, 1269.)
C H A T E A U G A Y & L A K E P L A C I D R Y . — (See M a p Del. A Hudson.) —
Operates from Plattsburg, N . Y ., to Lake Placid, 80 miles, of which Plattsburg to Dannemora, 16 miles. Is leased from State of New York for $1 and
free transportation of freight to the State’s Prison at Dannemora.
Stock, $3,450,000, of which $3,000,000 Is 4 % pret., the latter all owned
by D. & H .
V. 84, p. 50.
Leased to the Delaware & Hudson until Dec.
31 2403, any balance over expenses of operation, Interest, taxes, main
tenance, damages, dividend on pref. stock, A c ., to go to the lessor. The
lease Is subject to revision at 5-year Intervals after Jan. 1 1908 on request of
either party. V . 8 1 , p. 613. There are also $24,000 Saranac A Lake Placid
2d 5s due N ov. I 1913.— (V . 81, p. 613: V . 84, p. 50, 930.)
C H A T T A H O O C H E E & G U L F R R .— Columbia, A la ., to Floralla, 92 m.
L E A S E .— Leased In 1900 In perpetuity to Cent, of Georgia R y. for 6 % on
$436,400 stock and $358,000 bonds, of which 1% to be used as a sinking
fund for retirement of bonds, upon completion of which rental will be 5 % on
stock, payable J-J. See Cent, of Ga. R y .— (V . 77, p. 2279; V. 81, p. 1722.)
C H A T T A H O O C H E E V A L L E Y R R . — W est Point, G a., to Jester, A la .,
16>$ m .
Extension north from W est Point to Standing Rock, 17 miles,
was completed InM ch. 1908, to be continued 15 or 20 miles further In Heard
County, Ga. Stock authorized, $1,000,000; outstanding, $110,000; par of
shares, $100.
Bonds, see table above.
For year ending June 30 1907,
gross, $35,107; net, $12,004; other Income, $945; total deductions, $7,040;
bal., sur.. $5,903.
C H A T T A N O O G A S O U T H E R N R R . — Owns road, completed In June 1891,
from Tennessee State line to Gadsden, A la ., 87 m .; Round M t. branch, 3 m .;
trackage to Chattanooga, 5 m .; sidings and spurs, 10 m .; total of all tracks,
105 m. Successor to Chattanooga Southern R y ., sold In foreclosure Feb. 14
1895; plan In V. 61*. p. 830. On April 23 1907 W . W . Kent, Chattanooga,
Tenn., and E. C. Osborne, 31 Nassau S t., N . Y ., were appointed receivers.
V . 84, p. 995. Stock, common, $2,250,000; pref., 5750,000.
rear ending June 30 1907, gross, $160,975; deficit under oper. exp., $3,7 85.— (V . 8 1, p 995.)
C H A T T A N O O G A ST A T I O N CO . — Owns union passenger station and ap
proaches at Chattanooga, Tenn., used by the Southern R y ., Cent, of G a.,
Alabam a Gt. Southern and Cln. N .O . & Tex. P a c., which each owns onefourth of the stock and guarantees the bonds jointly and severally, principal
and Interest, by endorsement.— (V . 84, p. 50.)
C H E S A P E A K E BE AC H R Y . — Washington, D. C ., to Chesapeake Beach,
M d ., 34 m.
In July 1905 David II. Moffat, who owns about 9 9 % of both
stock and bonds, obtained judgment on a promissory note for $1,222,800.
Foreclosure pending; Interest'alleged to be In default since 1901. V . 81,
p. 263, 074. Stock, 51,000,000; par, 5100.
Pres., W . F. Jones, Denver,
C ol.: Sec., Paul Y . Waters.
Office, 1416 New York A v e ., Washington,
D . C .— (V. 81, n. 263, 974.)
C H E S A P E A K E & O HIO R Y . — (See M a p .)— Operates from Newport
N cw s.V a., and Wash , D .C ., to C ln ..O ., and Loulsv., K y ., with branches.
Lines owned in fee—
M iles. I
M iles,
Old Point Comfort and Newport
|Bridge— Covington, K y ., to ClnNews, via Charlottesville, to
I clnnatt, Ohio__________________
2
Big Sandy River------------------------ 512 | Lines leased—
Richmond via Lynchburg,to Cllf|Sundry branches leased.................
25
ton Forge, V a ---------------------------- 2 3 0 \Trackage to Louisville----------------84
Branches In Va. and W . V a .......... 432|Trackage to Washington, D . C .
85
Lines controlled by stock, A c .—
|Other trackage-------------------------31
Big Sandy River to C o v in g to n ..150 1
-------Denton, K y ., to Lexington.......... 103 I Total system June 30 1 9 0 7 ..1 ,8 3 2
Big Sandy Jet. to Elkhorn City,
|
with branch_____________________ 128 |
Branches In K entucky-------------------50 [Second track (250 owned)_______ 346
Also ownslone-slxth Interest In the Richmond-Washington Co.
[ VOL. L X X X V l
BO NDS.
800,000
250,000
2,720,000
2,380,000
600,000
70,000
4
4
5
5
6
5
g
g
g
g
g
120,000 5 (6) g
6
50.000
60.000
5
850,000
4 e
1,000,000
5 e
62,799,100 1 in 1907
6 g
2,000,000
13,354
6 g
2,000,000
6 g
142,000
6 g
25,858,000
5 g
6,000,000
4 g
1,000,000
4 g
650,000
5 g
400,000
5 g
43,573,000
4 'A g
When
Payable
Where Payable, and by
Whom
Bonds— Princi
pal. When D ue
Stocks— Last
Dividend
A
.T Liberty N at Bank N Y
A S
do
do
A J National Exch Bank N Y
A N Fid I Tr A S D Co Phlla
J
A
J Cuyler, Morgan A Co N Y
J
A J Colonial Trust Co Plttsb
100 held by Grand Trunk R y of
Blair A Co N Y ; A Bost
Q— F
Blair A Co New York
Q— M
Royal Trust Co Montreal
<J— F
A A O Amer L A Tr Co Boston
July 1 1921
Sep 1 1941
July 1 1920
May 1 1943
July 1 1921
Jan 1 1926
Canada
May 1 1920
S e p t’ 08-M ch ’ 15
Aug 1908-1916
Oct 1 1950
J
A
J Standard Trust Co N Y
A
J Equitable Trust Co, N Y
A O Central Trust Co N Y
Oct
Guar Tr N Y If earned
A A O Central Trust Co N Y
A A O Rich T A S D Co Rich Va
July
Jan
Oct
Oct
Apr
Oct
M
N ov 1 1913
Dec 1 1916
July 15 1920
Jan 1 1957
July 1 1923
Dec 12 1907 1 %
July 1 1908
July 1 1908
Jan 1 1911
June 1 1922
May 1 1939
Jan 1 1989
Jan 1 1989
July 1 1940
Men 1 1941
Mch 1 1992
J
M
J
M
J
A
N 32 Nassau St New York
D Boston, Mass
A.T 5 Amer L A Tr Co Boston
J
A
j Trust Co of Am erica, N Y
J
A j In default
Yearly J P Morgan A Co N Y
A A 0
do
do
M A N
do
do
A A O
do
do
.1 A I)
do
do
M A N
do
do
J
A
J
do
do
A
J
J
do
do
J
A
J
do
do
M A
.s
do
do
M A s
do
do
J
J
A
A
1
l
1
1
1
1
1953
1937
1946
1946
1947
1932
H I S T O R Y , E T C .— In 1888 reorganized without foreclosure, and the road
extended to Cincinnati.
C A P IT A L S T O C K .— Common stock authorized, "unlim ited” ; outstand
ing, $62,790 ,700 ; Increased from $40,000,000 to this figure since 1892
through exchange of practically all the $25,000,000 of preferred stocks for
common stock and general mtge. 4 H s In certain proportions, and acquisi
tion of stocks of other companies.
V. 77, p. 450, 768.
Pref. stock for
$8,400 only was outstanding July 1907.
V. 54, p. 642.
Stock m ay be
reduced by majority vote.
V. 70, p. 175.
D IV I D E N D S .— 1899 to 1907, both Inclusive, 1 % yearly.
B O N D S .— Abstract of consol, mtge. of 1939 In V . 49, p. 147; of Richmond
A Allegheny m tges., In V . 51. p. 144.
The general mortgage of 1892 (Central Trust Co. and H . T . W ickham ,
trustees) Is for $70,000,000, but additional amounts at $25,000 per mile may
be Issued for double-tracking. Of the $70,000,000 as above, $ 3 2 ,691 ,000
bonds were reserved to provide for the $30,000,000 consols of 1880 Issued
or to be Issued, See. See full abstract of mortgage In V . 54, p .6 4 4 ;
also V . 54, p. 642; V . 55, p. 335, and V . 83, p. 1523.
In March 1907 $ 4 3 ,
573,000 had been listed on N . Y . Stock Exchange, of which $5,050,000 were
issued for second-track and 538,523,000 for other purposes, leaving $ 3 1 ,1 3 2 ,
000 reserved to retire underlying bonds. $339,000 available for Improve
ments and $6,000 to retire remaining unexchanged pref. stock.
V . 83,
p. 1469, 1523; V . 84, p. 626.
The stockholders voted July 31 1907 to authorize a general equipment
and Improvement mtge. to secure not exceeding $10,000,000 10-year 5 %
gold bonds, dated Aug. 1 1907 and subject to call, It was stated, at 102.
In July 1907 $5,000,000 collateral trust 3-year 6 % notes dated July 1 1907
were sold, secured by $6,500,000 of the bonds (denominations $1,000 each).
V . 85, p. 39, 98, 159.
The Louisville & Jeffersonville Bridge bonds, of which $4,500,000 are out
standing, are guaranteed jointly and severally by the Chesapeake A Ohio
and Cleveland Cincinnati Chicago A St. Louis; any deficit on account of
the bridge Is payable by them In the proportion of one-third and two-thirds
respectively— see V. 60, p. 130; V . 61, p. 327, 559; V . 62, p. 84, and separate
statement for Louisville A Jeffersonville Bridge Co.
Of the Greenbrier R y . 4s of 1900, guaranteed prln.and ln t..a n d assumed In
1903-04, $1,000,000 are reserved for extensions and Improvements. See
guaranty, V. 72, p. 626; see also V. 71, p. 554, 602; V. 70, p. 915. Of the
Big Sandy 4s of 1904, remaining $229,000 is reserved for extensions. V . 79,
p. 917; V . 82. p. 279. Form of guaranty, V . 81, p. 668.
Of the Coal River 4s of 1905, $1,800,000 has been Issued on the 51 miles
from St. Albans to Peytona, W . V a ., with branch to Madison, and about 16
miles under construction; the remaining $1,200,000 Is reserved for exten
sions and lmprov’ ts. V . 80, p. 2219; V . 83, p. 693.
Paint Creek B r. 4s $225,000 reserved for extensions. V . 81, p. 974, 910.
Raleigh A Southwestern guar. 4s, V . 84, p. 1114.
The $1,200,000 6 % notes maturing June 28 1907 were extended for one
year. V . 84, p. 1365, 1427.
Car Trust Series 4 % Gold (Denomination $1,000 each).
Mature in Installments.
Date.
Outstanding
A ug. ’0 8 -’ 12
$100,000 yrly.
9 0 1 .. ................................... $400,000
1901
” A’ ’ 1
1 9 0 2 .. .................................. 1,000,000
A ug. ’ 15-’ 0 8 - ’ 12
200,000 yrly.
“ TV’ 1902
1 9 0 2 .. ................................. 450,000
Sept. ’ 0 8-S ep t. ’ 12 50,000 s.a.
" O ” 1902
Aug. ’ 08-A u g. ’ 13 200,000 y r ly .
” 1)’ ’ 1 9 0 3 ..
...................... 1,200,000
June ’ 08-D ec. ’ 13 50,000 s .a .
1 9 0 3 .. ................................. 600,000
“ K’ ’ 1903
1 9 0 4-.._________
June ’ 08-D ec. ’ 14 35.000 s .a .
490,000
” F ”’ 1904
1 9 0 5 .. .......
O ct. ’ 0 8 -A p r ll’ 15 90.000 s .a .
1,260,000
“ O ’ ’ 1905
1 9 0 6 .. ___________
” 11’ ’ 1906
O ct. ’ 08-Aprll ’ 16 80.000 S.a.
1,280,000
1 9 0 6 ..
June ’ 08-June ’ 16 50.000 s.a .
"I”
1906...........
850,000
1 9 0 6 ..
A ug. ’ 08-A u g. ’ 16 95.000 s.a .
1906......................._
............1 ,615,000
M”
O ct. 15’0 8 -O c t.’ 16 80,000 s.a .
1 9 0 6 .. ........................
1,360,000
•K” 1906
July ’ 08-Jan. ’ 171225,000 s.a .
1 9 0 7 .. ........................
2,025,000
“ L”’ 1907
1 9 0 7 ..
A ug. ’ 08-Feb. ’ 17 j
” M ’ ’ 1907......................................2,026,000
Interest paid semi-annually as Indicated by maturity date: “ A ” and
B> ’ at Girard
“” B”
Trust Co., Phlla.; “ C ,” “ E” and “ F ” at office of Blair A C o.,
Glra
N . Y .; ”" D
“ J,
“L
D ,,’” “ G” and “ H ” at Fidelity Trust C o., Phlla.; " I ,
and “" M
M”” at Blair A C o.; “ K ” at Guaranty Trust Co.
F IN A N C E S .— Pennsylvania Interests, with Morgan-Vanderbilt Interests,
owned a majority of the stock.
V. 70, p. 75, 632; V . 72, p. 480.
In Dec.
1906 the Pennsylvania sold Its $15,630,000 stock holdings. V . 83, p. 1410.
On Dec. 31 1906 the N . Y . Cent. A Hud. R lv. owned $5,000,000 stock and
on D '.c. 31 1907 Clev. Cln. Chic. & St. Louis owned stock representing an
•outlay of $981,428. V . 71, p. 398, 505; V . 84, p. 1487.
Owns one-sixth int. In majority Hocking Valley com . stock; see that co.
E A R N IN G S .— 8 m os., / 1907-08 ...G r o s s , $18,430 ,434 ; net, $6,203,395
July l to Feb. 29.
\1900-07____ Gross, 16,514,827; net, 5,924,123
A N N U A L R E P O R T .— Fiscal year ends June 30. Annual meeting Is held
at Richmond on the Tuesday preceding the last Tuesday In October. Re
port for 1906-07 was given In full In V . 85, p. 915, 943:
Year ending June 30—
1907.
1906.
1905.
1,708
Miles operated-------------------------------------1,832
1,827
$3,894,145
Passenger earnings------------------ --------- -- $ 4 ,888,139 $4,242,556
16.039,313
F r e i g h t ........ ..........................- ..................... 19,974,861
19,395,648
790,014
Express, mall and miscellaneous____
933,861
964,784
Total earnings.........................................$25,796,861 $24,602,988 $20,724 ,372
Operating expenses and taxes.......... ..
17,384,730
15,439,502
13,534,804
$7,189,567
177,287
Net earnings------------------------------------------- $8,412,131
Other Income__________________________
244,360
$7,360,854
Total net Incom e.................................. $8,656,401
$5,230,216
Interest on bonds, A c -------------------------- $6,619,958
_
_
1,217,476
Extraordinary expenses..........................
1,347,555_
D iv id e n d s------------------------------------------ ( T )627.bd7 (1 % )6 27,9 07 (1 % )6 2 7 ,9 0 4
Balance, surplus.
$01,071
$1,426,570
$2 9 1 ,2 5 0
R A IL W A Y
30
R A IL R O A D S
F or explanation of column headings, & c., see notes
on first page of tables.
Cbeiap«ake & Ohio— (Concluded)
Paint Creek Branch 1st M 5750,000 goldC e.c
Klneon Coal m t?e assumed redeem begin Oct 190o
Greenb & Mew Rlv R R 1st M g ass’ d (V 75 p 562)
Greenbrier R y 1st M $3,000,000 g assumed - -Ta.c*
Big Sandy R y llrst mtge 55,000,000 gold-------Ce.c*
Potts Creek Branch llrst mtge (V 83 p 6 0 3 )-----------Cc
Gen eq and Imp’ t M $10,000,000 g red 105_ - N .x c " <5cr
Collateral trust notes redeemable at 102---------Ce.xc
Guaranteed Bonds
Elevator Co first mortgage gold p & 1 guar-------Ce.c*
Second mtge for $500,000 Income non-cum -----------c*
Louis <fc Jeff Bdg 1st M $5,000,000 gu p & 1 end c*
Norfolk Term & Trans 1st M (V 67 p 322) guar p & 1
Coal River llrst mortgage $3,000,000 gold-------------Ce
Western Pocahontas Corp 1st M (V 84 p 0 9 5 )do
do
do
Extension No. 1 . do
do
do
Extension N o. 2 %.
Raleigh A Southwestern 1st M $1,500,000 go ld --C c
C h esaoeak e W e s te rn — C & W R R 1st M g o ld ----------.N
Chesapeake Western R y mtge $1,435,000 g . - . - B . c ’
Chesterfield & L a n c a s t e r — 1st M $750,000 g o ld -.K .c *
C h estn u t Hill RR— Stock rental P & R R y ------------C h ic a g o & A lto n RR— Common s to c k -.................... Preferred stock 4 % non-cum ulative....... .................
4 % cumulative part and prior lien s t o c k -.............. ..
Chic & Alton R R (old) ref M g (see te x t)- . IC.c* &r
First lien (old R y.) M subject to call at p a r-.F .c & r
Collateral notes $6,00 0 ,0 0 0 ---------------------------------------Joint equip notes ($9,500 due s-a) (V 76 p 4 7 ) . . - C & A Eq Assn cts Ser A B & C g gu$151,000 s-a --A le
do
do
Ser D g gu due $113,000 s-a._A le
Miss Rlv Br 1st M g assumed s f drawn at 100-------c*
Kansas City St Louis & C preferred stock guar-------Joliet & Chicago 7 % stock perpetual guar by C & A
Louisiana & Missouri guaranteed preferred s to c k -.
•Additional bonds Issued— see text below, a Guar
STO CKS
[ V O L . L X X X V I.
BO NDS.
I N T E R E S T OR D I V I D E N D S
M iles
of
Road
18
100
85
25
Date
of
Bonds
Size, or
Par
Value
1905
1901
1891
1900
1904
1906
1907
1907
$1,000
500 &c
1,000
1,000
1,000
1,000
1,000 &c
1,000
1888
1888
1895
1898
1905
1905
1906
1906
1906
1896
1901
1905
____
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500 &c
1,000
1,000
50
100
100
100
1,000 &c
1,000 &c
1899
1900
1907
$525,000
200,000
330.000
1.980.000
4.771.000
600.000
See text
5 g
6 g
When
Payable
F
A
F
\1
.J
J
F
J
&
&
&
&
&
&
&
&
4 g
4 J-S
4M
4>3
4 g
5 K
5 £
6
& O
Oct
M & s
F & A
J
& I)
F & A
F & A
A & O
J
& J
F & A
A & O
F & A
Q— M
4 in 1907 J
4 In 1907 J
&
&
Where Payable, and by
Whom
A J P
O Cent
A I P
N
D
J
A
J
A
4
“1 g
J
J
()
& J
3 V, g J
J
& J
J 16 & D
4
Various
J
& I)
A & O
6
Q— 1
7
Q— J
F & A
7
Clevelan d Cincln
1,000
1,000
1,000
1,000
100
100
100
jolntl y and se
Morgan &
Tr & S Dep
Morgan &
do
do
do
do
Bonds— Prlncl
pal, When D ue
Stocks— Last
Dividend
Co N Y Feb
Co Cln () Oct
Co N Y Aug
Nov
do
June
do
July
do
Aug
do
July
do
1
1
1
1
1
1
1
1
1945
1915
1942
1940
1944
1946
1917
1910
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
New York Trust Co N Y
See text
Knickerbocker Tr Co N Y
Treasurer’ s Office Phlla
Oct 1 1938
Oct 1 1988
Mch 1 1945
Feb l 1948
June 1 1945
Aug l 1945
Aug 1 1945
Oct 1 1946
July 1 1936
Aug 1 1945
Oct 1 1951
Aug 1 1955
Mar 4 1908 1 '/i
60
Jan 15 1908 2 %
Jan 15 1908 2 %
Oct 1 1949
July 1 1950
Jan 1 1912
To June 15 1912
To Nov 1915
June 08-June 16
Oct 1 1912
May 1 1908 1 H
Apr 1908
Wx
Feb 1 1908 3 / /
do
W all St New York
do
do
do
do
do
do
do
do
Equitable Trust Co N Y
Mercantile Trust Co N Y
do
do
60 W all St N Y
do
do
do
do
do
do
natl Chicago & St Louis
A N N U A L R E P O R T .— For year ending June 30 1907 was In V . 85, p. 857.
C H E S A P E A K E & O H I O R Y . (C o n c l u d e d ) .
P H F S i P F A K F W E S T E R N R Y . — Owrts North River Gap, Vit., to
Bridgewater 14 m .; leases for 99 years from May 1 1002 Chesapeake &
Western R R ., Bridgewater to Elkton, 27 m .; total, 41 m . Projected to tldew-Lter on Chesapeake B ay, and westerly Into W est Virginia coal Helds, of
which 14 m /rom Brldgewater to North River Gap Is completed
Con1r*StoekPau?horlzedL^$50,0 0 (L00(L *outst andl'ng, $lv jl' 0 .0 0(k 'o? vfhlch"$608,400 is preferred. Cites. & W est. R R . has $533 500 common and $3 300
pref. stock outstanding. C. W . R y . m tge. oi l1001, V . 7 3 . P • * 0 9 , 1356.
Year ending June 30 1907 (41 m iles), gross, $79,650, net, 526,910, other
Income 533,325; lnt. on bonds, $56,760 (not paid); taxes and rentals, $ 36 833- bai. def., $33,358 . Pres., Robert McM. Gillespie; Treas., W . H . HallOffice. 7i B ’W ay, N . Y . — (V . 7 8 , p. 2383 ; V . 86, p. 980.)
ltmlH llPmlUis1 an^xtenslon^M Ri^n. bom R u b y to w in ls ’ lfahcaster bchig
Completed July ‘V o O ^ ^ B o n d M lIm lte d to $ 7 50 000 , are Issuable at W
0
nor mile
V 81 p. 1790. There were June 30 1907 $07 uuo iienentuit os
S a n d in g
S t o L , $500,000; par $25
f^ n e?'
o-mss *43 667- net $12,092. Year ending June 30 1U07, gross, $ 0 0 , 1 ^4 . net,
I K V * l n t . ! ’taxe'sf& c $11,498 ; bal Stir. $ 7,970. Pres.. A . H . Page.
Cheraw, S. C .; Sec., A . G. Page.— (V . 8 1 , p. 1790.)
(’ H FST NI JT H II I R R . — Owns from Germantown to Chestnut H ill, P a .,
i m - n e \ n £ d o u b le tracked May 1902.
Re leased In 1896 to Phlla. & R ead.
R y t h e rental being reduced from 12% to 6 % on stock the latter being
Increased In June 1902 from $120,650 to $ l9 o ,6 5 0 .
(V . T o , p. 76.)
r m r A O O & a 1 TON R R .~{*S rc M a p .)— R O A D . Chicago to St. Louis,
Kansas C ity , & c., In all 970 miles, of which about 210 double tracked.
----Road owned—
M ile s.
Road owned—
Aflles.
Chicago to East St. Louis, 111------- 280 Roodhouse, 111., to Kansas C ity,
M o ....................................................... 251
Springfield, 111., to Grove, III-------54
Bloomington to W ann , via Jack
Eld red to Barnett..................- ............48
sonvllle, Godfrey and Upper
Coal City Line, In d -------------------- -- 25
Alton (all In Illinois)-----------------158
Dwight, 111., to W ashington and
Trackage
to Peoria, 111., & c -.......... 24
Lacon, 111----------------- — - - —
M exico, M o ., to Cedar C ity, Mo
501
Total of all owned and operated In system July 1 1 9 0 7 -..............................970
Cut-off between Mexico, M o., and Old Monroe, 65 m ., built by Chic. Burl.
& Quincy opened Sept. 1904, is operated jointly. Cut-off from Springfield
to Murraysvlllc 111., 34 miles, was opened O ct. 15 1907. The stock of the
Peoria R y. Terminal Co. Is owned by the Chicago & Alton and Chic. R . I. &
Par R v which guarantee the first m tge. bonds ($1,500,000 auth. Issue).
V . 81, p. 1099; V . 83, p. 752, 1171, 1291; V . 84, p. 451; V . 85, p . 159.)
O R G A N IZ A T IO N .— The (old) railway company was organized In April
1900 and purchased substantially all the stock of the Chic. & Alton Railroad.
The two companies were consolidated In Meh. 1906 per plan V . 82, p. 451.
the Railway Issuing Its cumulative 4 % participating and prior lien stock In
exchange for the outstanding stocks of the Railroad, the Railway company
changing Its name to the C. & A . Railroad as above. V . 82, p. 160. S e e V .
7 0 , p . 686, 995.
•
S T O C K .— The cumulative 4 % participating and prior lien stock is enti
tled, In addition to prior right, to a c c u m u l a t i v e dividends at the rate of 4 /0
per annum , to receive additional dividends equal to the rate of dividends de
clared on the common stock of the consolidated company . In Aug. 1907
the Toledo St. Louis & Western purchased from the Rock Island the con
trolling Interest, viz.: $14,420 ,000 com . and $6,380,000 pref. stock. V . 84,
p . 4687529, 792.
The Union Pacific owns $ 1 0 , 3 4 3 ,100 pief. stock acquired
In 1904
V 84 n. 1488. See V . 8 0 , p . 471, and V . 7 8 , p. 47, 342; V . 79,
p. 151, 1331, 1 4 6 1 ,2 2 0 4 ; V . 81, p. 1664; V . 83, p. 686; V . 84, p. 1488; V . 85,
p. 468.
D IV I D E N D S .— On pref. of old co ., Jan. 1 9 0 1 to Jan. 1006 Incl., 4 %
yearly (J. & J .). Semi annual dividends on pref . a n a participating and
prior lien stocks, 2 % each, paid July 1906 to Jan. 1908, lncl.
B O N D S .— The first lien (old R y .) 3 H s of 1900 arc secured by a direct first
lien on Springllekl to Grove, 54 m ., and a Hen on the rema ning property
owned subject to the m tge. securing the refunding 3s of 1899 and certain
obligations and liens existing at the consolidation In 1906. V . 70 p. 894,
944. See application to list In full In V . 71, p. 1021, and plan. V . 82, p. 451.
The Railroad (old) m tge. securing the 3s of
will pr°vin
provements and extensions.
Bonds In excess of $40,000 ,000 m ay be Issued
thereunder on vote of two-thirds of the stockhidders for extensions of not
over 500 miles main track, at not exceeding $ 20,000 Pc r A*®• Jhnd leased
line rental obligations and for future betterments not to exceed $5,000.000 ,
at not over $1 000,000 per annum, from Jan. 1_1®00n-Os ? v
178; also V . 6l/, p. 26, 129, 541; V . 70, p. 4 29, 739, 99o, V. 84, p. 480, o07,
£2f) 803 809
Stockholders of Railroad (old) Co. voted on Sept. 7 1TH to authorize the
Issue of refunding bonds In excess of the $40,0 0 0 ,0 0 0 then sold and pledged,
v iz ., $5,000,000 for betterments and $ 350,000 for purchase of Quincy Car
rollton & St. Louis R y . V . 7 9 , p . 2 1 1 ,9 6 7 .
. o .
There are $69,725 5 % Pullman Co. equipment notes due May 15 1910.
The $6,000,000 5 % collateral notes sold .Ian- 1907 are secured by deposit
o f $8,000,000 refunding 3s: of the Issue, $5 250,000 used to retire the $ 5 ,
000.000 notes due July 1907. V . 84, p. 167; V . 77, p. 1746.
L A T E S T E A R N IN G S .— j 1907 -08 -. Gross. $8,392,590;
8 m os., July l to Feb. 29.11906-07 .G ross, 8,679,559;
Rate
%
1905
1906
1877
O F F IC E R S .— Pres., George W . Stevens, Richm ond, V a .; V lce-P rcs.,
Decatur Axtell Richm ond, V a .; Treas., C. E . P otts, Richmond, V a ., Sec.,
C. E . W ellford, R ichm ond, V a .; Comptroller, L . F . Sullivan, Richm ond, V a .
Directors— Decatur A x tell, John P . Green, George W . Stevens, Samuel
R ea!rH toM cK U T w om bly, H • T . W ickham Thomas P Fowler W alter G.
Oakman and Martin Erdm an.— (V . 85, p. 1082, V . 8 6 , p. 228.)
AND
net, $2,661,346
net. 3,108,239
1906.
1905.
1907.
Year ending June 30—
970
915
\f llpo
_ _
_
______ _ _ _
„970
. Gross earnings - - ____________________$12,809,426 $11,586,094 $11,797,314
d
e r a t in g ie x p e n s e s ---......................
8.024,452
7 .818,903
7,6 0 2 ,6 6 3
Operating
Net earnings----------$4,784,974
Net Income____________________________ $4,785,868
Deduct—
__
T a x e s - - ............... - ............- ..........................
$369,000
Interest on bonds, <Scc----------- -------- - 2,348,283
Dividend on guaranteed stocks---------241,024
Dividend on prior lien stock ................. (4% )3 5,57 21
Dividend on pref. s t o c k -------------------- (4 % ) 7 8 1 ,7 6 0 /
Balance, surplus-------------------------------$ t ,0 1 0 ,229
$3,767,191
$3,767,353
$4,194,651
$354,180
2,162,168 No com par2 4 1,024 son ,ow ing
815,006 to consoli
dation Mch.
----------------1906.
$194,974
P.
P.
ley, Thomas h V Hubbard, Theodore P. Shonts, Geo. H . R oss, Joy M orton,
F. H . D avis, William G. Beale and II. E . Huntington.— (V . 86, p. 667.)
Paul i
DCIIVCi , v-ie/i. , v u v j v/uiiU) »» j v •» w»«.«.*. *» —- - > ■
•
accompanying map shews clearly the system , viz.;
M iles. |
M iles.
Lines east of Missouri R iv er-___ 4,354 |Lines leased
- --------------------------- 215
Lines west of Missouri R iver____ 4,234 [ Narrow-gauge lines....................... -____ 72
Total operated June 30 1907-------------------------------------------------- ........... — 8,8 7 5
The Denver & Beaver Valley was incorporated late In 1904 to build from
Oberlln, K an ., to U ray, C ol., 100 m .
V . 8 1 , p. 1^47.
Extension from Centralta to Herrin, 111., 52 m ., was opened In Mch. 1900.
Extension under
charter of Big Horn Southern from Frannle, W y o ., southeast to W orland,
91 m ., was completed .July 1906, and frcfttl Worland to IGiby , j.0 m . Sept.
1907. The Sioux City & Western R y ., Sioux City to ®
*29
miles, was acquired N ov. 1 1907. V . 85, p. 1209.
O R G A N IZ A T IO N
— This was a consolidation In July 1875 of the
Chicago Burl. & Quincy In Illinois and t h e f n n r J o f n p a ' i *ViVner, 'in
Iowa. Chicago Burlington & Northern and othei subsidiary lines In Illinois
were absorbed In May 1899. V . 68, p. 075. .-J**
W llT
^ ' sti ' l,h® ,rA,j
malnlng leased lines In Iowa and Missouri, viz., Kans. City St. Jos. & Council
Bluffs, St. L. K . & N . IV ., Chic. Burl. & K • C ., H an. & St. Jos., Keokuk &
West and Chic Ft Mad. & Dcs Moines, Burl. & Missouri, &c. V . 71, p.
697, 863, 963; V. 73, p. 137, 899._ The stockholders voted N ov. 6 1907 to
menre various suhsldlarv lines. See V. o«), p. §41, v . oo, p. 10 / .
In 1901 $ 1 07 ,011 ,000 of the $110,839,100 stock was exchanged for the
iolnt 2 0 - v o a r 4 ^ bonds of the G t. Northern and Northern Pacific, secured
{.T th e d^poslt of the 8to°k In trust, on the basis of $200 In bonds for $100
stock. See clrcualr, V . 72. p. 871, and application to list, V . 73, p. 2 93,
^ T h ^ le a s e ^ o lh e C hlc^Y urie&^Qufncy<RalhFW for 99 years from O ct. 1901
at 7 % p ^ a n n u m * o ^ s t o c k ^ L abrogated July 1, 1907 the co resum ing oper
ation. V . 73, p. 842, 1011, 1061, 1207, 1312, V . 84, p. 1550, V . 85, p. 39.
p a p i t a t a t o p i c __ The stock has been Increased for the acquisition of
ne^AlfneIA rLe t K Cent o f ^ v Y r l l * ,S o O .000 convertible^ b e n t u ^ . ftc.; In
1880 a 2 0 % distribution was made, Sec Organization above.
D IV S .) ’ 9 4 . ’ 95 t o ’ 97. ’98. ’ 99 to Sept. ’01. ’ ° 2 t o July ’0 7 ^ ^ 0 ^ 11^ 0 8 ’ 4
P e rct.) 4 H 4 yearly 5 «
6 yearly
alul 6 % cxU-a werepaid
V 85
In Oct. 1907 a quarterly dividend of 2 ,o ana o /0 extra were paiu.
v . sj,
p. 599.
B O N D S .— For full description of each
^ aflfe^n<p^.
of
ro^ide” ' ^ 6 3
^775 °"
I8^ (?secures bond^H m lted^to $ 8 5 j^ 0 ? ^ 0 0 ^ \ n ^ t h e ’l^n^secur-
The Iowa Division bonds are a first m tge. en thc main line In Iowa from
Burlington to East Plattsmouth on the Mo. Itlv ei, 272 miles, and on 621
miles of branches and 86 m . of second track.
1 hese bonds have a s. f. of
1 y, % ($203,800) yearly, for which the 4s are subject to call at 100 and the
5s at 105. The single main line and branches covered shall not exceed In
the aggregate 900 miles” at $ 16,000 per mile, on second track additional
* Dcnve'rExt. bonds can bc'lncreased only for 2nd track at $10,000 per mile.
q’ he Nebraska extension bonds of 1887 are Issued at $20,000 per mile for
single and $10,000 per mile for second track on not exceeding 1,500 miles.
On merger of roads In N ov. 1907 the mtge became a direct llrst lien.
A b
stract of deed, V . 45, p. 441; V . 85, p. 721.
.
...
Burlington A M issouri RR. In Nebraska consol.. m tge. of 1878 Is for $1 .
0 00,000 . and Is now a 1st M. or 1st collat. lien; all except the exempt bonds
are subject to call for the sinking fund at par, $217,400 retired In 1907. 1 he
” exem pt” bonds m ay be called after 1908.
, . .
The $4,230,500 K . C. St. Jos. & Council Bluffs consol. 7s were paid at
maturity Jan. 1 1907. V . 83, p. 1590.
E A R N IN G S .— For 8 mos. ending Feb. 29 1908. as reported to Inter
State Commerce Commission, gross, $54,495,044; net, $ 1 7 ,512 ,047 .
ANNUAL REPORT.— Fiscal year ends June 30. Report for 1906 07
was In V. 85, p. 1079, 1086 (see also editorial, p. 1054), showing n suits on
all lines i perated and controlled.
R A IL W A Y
32
STO CKS
AND
[V O L . L X X X V I,
BO NDS.
I N T E R E S T OR D I V I D E N D S
R A IL R O A D S
F or explanation of column headings, & c., see notes
on first page of tables
Chicago Burlington & Quincy— Stock-------------------------Illinois D lv first mortgage 1585,000,000 currency re
do
do
S deemable at 105___ NB
Sinking tund Iowa D lv 5s (coll trust) drawn at 105
Sinking fund mortgage 4s drawn at 100..................c&r
Sinking fund 4s (So W Dlv) drawn at 100.......... c*&r
Denver exten (coll tr) bonds S f drawn at 100-N B .c*
Debentures for Hannibal & St Joseph stock_______ c*
Nebraska ext $20,000 p m ( s f not drawn) - NB.c* &r
B & Mo R R In N eblLand gr s f drawn at 1 0 0 ..N B 1
Con M $14,000,000 lE xem pt, not drawn till 1 0 0 8 /
Burl & Mo R R In Neb s f for A t & N R R s to c k --N B
Hannibal & St Joseph cons M now 1st M _____ F.c
K C St Jos & Co B —
1st Ms Nod & Tark Val R R s s f (drawn at par) - c
Equipment trusts, part due yearly_____________
Chicago & E 111— Pref stock 0 % non-cum ($10,000 pm)
M iles Date
of
of
Road Bonds
11,648
/
\ 891
/
11899
\1890
J1879
11879
1881
370 1881
1883
1,471 1887
/1878
\1878
1880
289 1881
1880
1879
1880
1900
1902
1902
1003
1902
1903
9
14
127
1880
1881
1884
1887
1887
1885
1881
1905
817
176
49
Rate
%
$100 110,830,100
3A
1,000 &c
4
1,000 &c
5
1,000 b 2,288,000
4
1,000 C7,280,000
4
1,000 d 4 ,300,000
4
100 &c c 7 ,908,000
9 .0 0 0 . 000 5
1,000
4
1,000 &c f 24,505,000
6
600 &c g 8 , 4 8 1 , 8 0 0
6
5 .0 0 0 . 000
600 &c
4
1,000 ll3 ,347,000
8 .0 0 0 .
0006
1,000
1,000
600 &c
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
1,000
1,000
1,000
1 ,000
1,000 &c
1,000
1,000
7
6
7
5 g
1,804,000
5 g
5 g
4A g
5
5 g
6 In 1907
6
6
2,731) ,000
6 g
27,000
19,735,000
4,026,000
6
4 g
i251,000
k l , 078,000
pOOO.OOO
o
•3
o
o
o
59
90
73
180
50
33
264
Size, or
P ar
Value
When
Payable
Where Payable, and by
Whom
Q— J
J
& J
J
& .1
A & O
O
A
M &
F & A
M & N
M & N
J
& J
J
& J
J
& J
M & S
N Y Boston and Chicago
Bank of Com N Y ; & Bos
do
do
do
do
s
J
J
J
A
F
J
J
•r
j
&
&
&
&
&
&
&
&
&
Q— J
M &
J
&
A &
F &
M &
&
J
M &
&
J
Bonds— Princi
pal, When D ue.
Stocks— Last
Dividend
Apr
July
Juiy
Oct
Oct
Sept
do
do
Feb
do
do
May
do
do
May
do
do
Bank of Commerce Bost July
July
do
do
Jan
do
do
Bank of Nor America N Y Moll
D Second N at Bank Boston
J Bank of Commerce Bost
J Company’s Office Boston
O Old Colony Tr Co Boston
A Old Colony Tr Co Boston
D Old Colony Tr Co Boston
.1 Amer Loan <Sc Tr Co Bost
J Boston S Dep & Tr Bost
D Amer Loan & Tr Co Bost
Hanover N at Bank N Y
N Central Trust Co N Y
1) Fourth N at Bank N Y
O Central Trust Co N Y
do
do
A
do
do
N
.T Metropolitan Tr Co N Y
N Farmers’ L & Tr Co N Y
J Bankers’ Trust Co N Y
b $712,000 and c $5,213,000 canceled not Included. d $2,1 63,000; e $3,821 ,100: f $043 ,000 (In s Inking fu nd uncancelcd) Included;
2,400; p $54,000; m $384,000; n $160,000.
ve: h $2,222 ,000; i $4
11908
1 1949
1 1949
1 1919
1 1919
1 1921
1 1922
1 1913
1 1927
1 1918
1 1918
1 1910
1 1911
2
June 1 1920
July 1 1919
Jan 1 1910
Oct 1 1950
Feb 1 1952
June 1 1952
July 1 1953
July 1908-1912
To June 1913
Apr 1 1908 I A
May 1 1920
Dec I 1931
Oct 1 1934
Feb 1 1912
Nov 1 1937
Jan 1 1936
May 1 1920
July 1 1955
g $ 7 ,5 8 7 ,2 0 0 .
Of which $3,857,000 In treasury April J 9 0 8 .
1900-07.
1905-06.
9,134
8,927
Miles operated June 3 0 ..................
$56,516,080 $51,168,339
Freight ...............................................
----------16,409,104
Passenger------------------------ - - - ................... 1 7 , ?ao'^so
6,569 228
Mall and miscellaneous------- 1-------------7 , 2 8 0 , 5 8 0 ______________
Gross e a r n i n g s .-- .......................
5r ? ’ 7 4 3 ' 7 8 7 ? ">8’50 8 ,532
Expenses and taxes------------------------------ 61,743,787 o3,o08,o32
N e t ________
Other Income.
____ $20,729,464 $20,638,139
____
443,262
410,682
Total incom e...................
.$ 2 1 ,1 7 2 ,7 2 6 $21,048,821
Interest. rent . A c ................................ - - 3 ,0 1 7 ,5 19
3 0 0 ,301
Balance
.$ 1 3 ,1 5 5 ,2 0 7 512,742,430 $13,804,778
Int. on N or.P ac'-'G t.N or. joint bonds $8,609,040
$8,608,968
$8,608,910
D lv.on C .B .& Q .stk .h eld by p u b ., 7 %
225,834
225,890
225,943
Surplus..................................... .................. $4,320,333
$3,907,572
$4,969,925
D IR E C T O R S — Geo B . Harris (Pres.), John J. Mitchell, Chicago, 111.;
Charles E . Perkins of Burlington, la .: J. J. Hill, St. Paul, M inn.: James N .
H ill, Geo. C. Clark. W . P. Clough, John F . Talm age, Norman B. R eam ,
Geo. F. Baker and Samuel T h o m e, New Y o rk .— (V . 8 6 , p. 167.)
C H I C A G O C I N C I N N A T I & L O U I S V I I . L E R R . — O w ns Cincinnati
to Louisville Junction, In d .. 265 mBes; trackage Louisville Jet. to Chi
cago, 111., 18 m .p total 283 miles. A consolidation In 1903: V . 76, p. 1247.
In March 1007 a settlement with the Cln. Ham & Dayton Interests was
reached under which the $3,500,000 Pere Marquette co lateral trust bonds
secured by the C. C. & L. stock were canceled, the stock being returned to
the old holders, a debt of about $800,000 b ein g canceled and the C. G.. & L .
receiving $400,000 in recelveis’ certificates of the Pere Marquette.
V. 84,
p 507 693. Management was surrendered Jan. 1 1906 to the former owners.
On Feb 13 1908 James P. Goodrich was appointed receiver, there being
a floatin g'debt of $ 1 ,750,000 and m any smaller claims being overdue.
V 86 p 420 479
On March 20 1908 $1,500,000 receivers’ certificates
WT L i ° i m ac l m m ^ . - A c o m ^ .U e e 'f N . W . Jordan. Chairman: A . C.
R aym ond 67 Milk S t .. Boston, Sec.; American Trust C o., Boston, deposi
tary). In April 1908 requested deposits of general and refunding 4 A % bonds.
V ’sto’rk outstanding. $ 4 ,206,000; par of shares, $100.
The Clno Richmond & Muncle 1st 5s, Chicago & Cincinnati and Cine. &
Ind W est 'issues are all subject to call at 110 after 10 years from their
Issue the Cln R i c h . & Muncle after Oct. 1910. bee official statem ent, V .
71 o’ 1066- V 74 p. 1195.
O f the gen. and ref. 4 ^ s of 1903 (American
I oan & Trust Co. or Boston and Union Trust Co. of Indianapolis, trustees)
sufficient are reserved to retire all prior Issues, Including equipment m tg e s .,
bal. for extensions. Improvements, &c. V . 77, p. 349, 1532; V . 8 0 , p. 649.
There are also $75,000 Ham m ond Belt R y. bonds. For year ending
June 30 1907. gross, $ 882 ,80 0’ deficit under operating expenses, $92,762.
Office; ChlcagoT III.— (V . 8 6 , p. 420, 479, 793, 856.)
C H I C A G O & E A S T E R N I L L I N O I S R R . — (See M a p s, p a g e s ilS , 1 1 0 ) —
Operates road (double track to Danville J et., 106 m .) from Chicago, 111. to
Terre Haute, In d ., and bituminous coal fields; also to Thebes and Joppa, III.
L in e s owned in fee.
A file s. B ran ch es tjP ^ o a l ^Dnes^-_ _ _ _ _ _ _ 15
Dolton to Danville, 111-------------------107 Rossvllle Jet.
1-*■ *to Judyvlllc, I n d -- 14
Hunt’s Extension_________________
7
Danville, III., to Brazil, In d ...........61
Trackage, efee.—
Momcnce Jet., 111., to Brazil, In d .130
Danville Jet., 111., to Thebes, 111. 277 Pana, 111., to E . St. Louis__________ 85
Joppa Jet. to Joppa, 111---------- —
16 Chicago to D olton, Ch. & W . In d . 17
Otter Creek Jet. to Terre H au te. .
6
Clssna Jet. to Clssna Park, 111-------11
32
Rossvllle Jet. to Sldell Jet., Ill—
34 Other lines-------------------------Percy Jet. to La Crosse, Ind.......... 46
Total operated J u ly ;i907.............957
Milford Jet., 111., to Freeland, Ind . 11
155
Coal BlufT, In d ., to Casey. I n d . . .
7 Double track---------------------W oodland. 111., to Villa G r o v e ... 62 Third tra c k ........................................... 20
Side
t
r
a
c
k
s
........
..................4
93
Findley 111., to P a n a -----------------2 0 --------H I S T O R Y , L E A S E S , &c — In A u gu st 1902 th e S t. L . & San F ra n , a c
quired t h e greater p a rt o f th e s t o c k , as said b e lo w .
The Chicago & East. 111. owns $1,000,000 stock of Chic. & Western Ind .
Special lease of Chicago freight terminals, V . 78. p. 819.
In 1904-05 ac
quired control of the Evansville & Terre H aute, which forms part of the
through line between Chicago and Evansville. V . .>■>. P- 99o; V . 81, p. 1239.
STO C K — Common stockoutstanding. $7,217,800 ($15,000 p, m .) ; pref.
$8,830 700.
In addition, $6,408,300 com . and $ 1 6 1 ,300 pref. were held In
trust by Trust Co. of America In July 1907 as a part of ’trust assets ’ under
agreement dated July 1 1905, for Improvements, acquisitions or refunding,
to be terminated on satisfaction of the St. L. & S. F. stock tiust agreements
below referred to.
V . 85, p. 1001.
.
,
In Aug. 1902 the St. Louis & San Francisco R R . gave In exchange for the
com . and pref. stock Its stock trust certificates at the rate
*100 thereof
for each $100 share. V . 7 5 , p. 289. In Jan. 1905 all of the $7,217,800
com . and $6,211,700 of the $8,992,000 pref. had been exchanged on this
basis. The St. Louis <5: San Fran, has the option to retire the trust certifi
cates at any time at $250 per $100 com. stock trust certificate and $150 per
$100 pref. stock trust certificate, payable In gold, and obligates Itself to pay
off entire Issue In 40 years from Oct. 1 1902 at same rates, meanwhile obli
gating Itself to pay 10 % dividends on the com . and 6 % on the pref. trust
certificates, respectively, these amounts being equivalent to 4 % on the
principal sum to be eventually received In paym ent therefor. Upon fail
ure to pay any dividend within 30 days after demand therefor, any holder
m ay surrender the certificates to the trustee and receive the shares repre
sented thereby. V . 75, p. 289. 393. 1031: V . 8 2 , p. 48
A majority of
common stock trust certificates were In 1905 exchanged for certificates In
denominations of $1,000 each, representing 4 shares of common stock, bear
ing 4 % Interest, and payable In 1942 at face value.
See form V . 80, p. 1856.
D IV S .( % ) l ’9 2 -’97. ’98. ’99. ’00. ’01. ’02. ’03. ’04. ’0 5 . 06. 07.
1908.
On n r e f-- 1 6 y ’ly.
6 6
6
6
6
6
6
6
6
6 In cl.A p .,3
Common -J
0
2J^ 3 A 4 A ?>A 6
6
8 10
8
10
Jan ., 5
B O N D S .— The general consol, and 1st m tge. of 1887 (trustee, Central
Trust Co.) provides for the retirement of $6,307,000 prior bonds and for
Issue of bonds on new road at $ 1 8 ,000 per mile for single track; also for bonds
for equipment at $7,000 per mile ami for double track at $8,000 per mile.
In 1897 the gen. consols were limited to $30,0 0 0 ,0 0 0 .
In June 1907 $3,
085,000 were sold to retire the $2,935,000 bends paid oil Dec. 1 1907 and
$150,000 Indiana Block Coal bonds. See V . 64, p. 1088; V . 78, p. 1446;
V . 79, p. 1331; V . 80, p. 1728: V. 84, p. 1550; V . 85, p. 1645. Series B
equip, bonds mature $57,000 each June and Dec. and $56,000 each March
and Sept.: Series C, $53,000 semi-annually, J-J; Series D , $15,000 J-J; Scries
E , $125,000 F'eb. and A u g.; Series F, $220,000 F'-A.
The refunding and Improvement gold 4s of 1005 ($55,000,000 authorized
Issue) Issued and Issuable as follows:
Sold for Improvements and to reimburse the com pany for Its In
vestment In the Thebes Bridge (see Southern Illinois & M is
souri Bridge C o., V . 80, p. i 424) and in certain stocks and
bonds of other companies (see V . 81, p. 1436 )---------------------------.$ 6 ,0 0 0 ,0 0 0
Issuable as required for additions and Improvements, Including
equipm ent___________________________ _________- ..................... ............ 1 4 ,3 7 4 ,000
Reserved to retire, $ for $, $30,000 ,000 gen. consol, and 1st as of
’ 3 7 ,issued and Issuable, and $4,626,000 Chic.& Ind.Coal R y .5 s .3 4 ,6 2 6 ,000
G E N E R A L F IN A N C E S .— This com pany owns most of the capital stock
of the Brazil Block Coal Co. and carries all Its coal.
It carries also the coal
of the Danville
Clinton ana
and Williamson
County nexus,
Helds. ogv
Sec, Vv 8 2 , p. 451.
vine bunion
\\ 11 mini son county
E A R N INN'!G S .— F’or 6 mos. ending Dec. 31 1907, gross, $6 ,0 4 5 ,3 5 9 ; net,
5;
other
Income,
8396,849;
ln
t.,
taxes
and
rentals,
$ l,o 4 o ,lo 7 ;
$1,831 ,6 1 6 ;
>m. stock ( 5 % ) , $360,890; dlv. on pref. stock ( 3 % ) , $264,921;
dlv. on com.
b a l., sur., $57,497.
A N N U A L R E P O R T .— The report for 1906-07 was In V . 8 5 . p. 1001.
Year end. June 30—
1907.
1906.
1905.
190J1’
Miles operated June 3 0 . .
957
947
947
758
$9,928,562
$8,423,378
$8,604,042
Gross earnings----------------$11,337,714
Oper. exp. and taxes___
7,512,309
6,851,289
6 ,0 1 9 .8o0
a .6.) 1,933
Net earnings----------------- $3,825,405
Net (Inch oth. Incom e). $4,114,651
Interest paid........ ..............
2,081,698
R e n t a ls -----------362,786
D lv. on pref. stk. (6 % ) .
529,842
D lv. on com . stock____ (10)721,780
Constr’n,dep rec’n, & c . __________
$3,077,273
$3,393,692
1,829,462
419,272
529,842
(8)577.424
$2,403,528
$2,551.698
1 ,506,468
264,764
499,842
(5)360,890
$2,972,109
$3,327,651
1.356 778
225,655
409,842
(8)577,424
400.121
$37,692 d e f.$ 8 0 ,266
$357,831
$418,546
S u rp lu s ...........................
" ..... Robert
O F F IC E R S .— Pres., H . I. Mllier, Chicago; 1st—Vice-Pres.,
Robert Mather,
Mather.
New York; Sec.. J. S. F'ord, Chicago. New York office, 11a Broadway.
(V . 84, p. 1550; V . 85, p. 1001, 1401, 1461, 1645; V . 86, p. 917.)
C H I C A G O & E R I E R R . — (See M a p F.rle R R .)— Owns from Marlon,, O.D
to Hammond , I n d ., 249 miles, and leases trackage ° vci OHlca^o & W est Ind.
to Chicago, 20 miles.
Erie R R . Co. owns entire $100,000 stock.
B O N D S .— The first mortgage (trustees Central 1 rust G ° and Edward
Daniels) covers 249 miles of road, the contract
Clficago & Western
Indiana, $1,000,000 of that com pany’s stock and $240,000 stock or Chicago
Belt R y . See abstracts, V . 51, p. 911; V . 61, p. 7.>0.
C H I C A G O G R E A T W E S T E R N R A I L W A Y . — ROADi.— Opeintes the
"M ap le Leaf” route, radiating from Oelweln, Ia .,
easterly to Chicago and southerly and westerly to Kansas City and Omaha.
Operated
agreement.
^ iles.
Lines owned (total, 757 m iles). M iles.
---------" " "under
n'h'r ™reement.
M
Chicago to St. Paul---------------------- 402 Mason City & , Fort Dodge.
•)or. nillCS VlZ.*
Oelweln to St. Joseph......................289
Oelweln, la.’ , to Coun’ l B l’ fs. 260
Bee Creek to Beverly_____ _________ 23
H ayfield, Minn ,to Clarion,Ia. 100
Sumner to W a v erly *----------------------- 22
Branches to Lehigh and CoalDe
K alb, Cedar F'alls,
& c.,
vllle Iowa_________________
18
branches..............................- ........... 21
Trackage rights Council Bluffs
Trackage,&c.(total, 83 miles) —
to .South Omaha
------7
St. Paul to M inneapolis................... 10 W Is.M
lnn. & Pac.RRj>271 miles,
Chicago Term inals............... - ........... 10
96
Mankato to Red W in g .............
Dubuque to Aiken------------------------- 14
Red W in g to Osage.................. 118
Des Moines Teim lnals......................
3
W inona to S i m p s o n ---...........
54
Beverly to Kansas C ity— ................37
Branch to Clay Banks.............
3
St. Joseph to Bee Creek--------------9
Grand total owned, leased and operated under contract,.excluding
Sumner to W averly, Ia ., 22 mlies, leased Jan. 1 1904 to Waterloo
& C. F . R . T . R y - .......................................- ............................................. .........U 4? 4
H IS T O R Y '.— The Chicago St. Paul & Kansas City was organized In May
1886, and In December 1887 merged with Minnesota & Northwestern.
In
August 1892 reorganized, per plan V . 55, p. 856.
On Sept. 7 1893 the Great Western acquired by deed the title of tho
Chicago St. Paul & Kansas City R y. (815.67 m iles). As to 7-year contracts
made In 1902 with packing companies, see V . 7o, p. 341.
R E C E I V E R S H I P — On Jan. 8 1908, A . B . Stlckney a n d C H . F. Smith
of St Paul were appointed receivers, there being $10,003,414 notes and
bills payable outstanding. It Is proposed to reorganize the com pany, pro
viding both for maturing notes and future capital requirements, by making
a mortgage for, perhaps, $20,000,000 or $25,000 ,000 . An assessment, it
was said, m ay be called on the Junior stock. V . 86. p. 107, 228 6 0 1 . 791.
Noteholders' Committee.— A committee (Otto T . Bannard, Chairman,
Svdney C. Borg and Wlnthrop Burr: William H . Brown, care Simon Borg
/} Co 20 Nassau S t .) , In Feb. 1908 requested deposits. V . 86, p. 3 36.
Committee for Debenture Stock.— A committee with William A .R end.
p. ■
336,
dcnosltary), has power to prepare a reorganization plan. V . 86,
86, p.
601 7 °0 > Flngllsh committee (Robert Fleming, Chairman), V . 80. p. 668.
Stockholders’
(Aicxaxumi He
*)CmpStockholders' Committee.— John W Castles, cnairman
Chairman (Alexander
hlll, 28 Nassau St. Sec.; Guaranty Trust C o., N . Y . . depos.). V .8 6 , p . 720.
S F C U R IT IE S .— The holders of debentures and preferred A stock appoint
the Finance Committee, which exercises general supervision of finances.
Additional securities of said Issues can be put ou t, but only with consent
\
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RAILWAY STOCKS AND BONDS
31
RAILROADS
For explanation of column headings, &c., see noets
on first page of tables
Chicago & Eastern Illinois— ( Concluded) —
Allies Date Size, or
Amount
Par
of
of
Road Bonds Value Outstanding
E a u ln m e n t b o n d s Series B due q u a rte r ly .......... .......
do
do
Series C A D due $68,000 sem -an
d o Series E d u e S125.000 s-a (V 81 p 1 0 4 3 ).Ba
d o Series F d u e $220,000 s-a (V 82 p 750) -B a
Chicago & Erie— 1st M g Int guar till prln p a i d - -- C e .c *
in c o m e b o n d s fo r $10 ,0 0 0 ,0 0 0 5 % n o n -o u m -----------N
249
249
Chicago & Grand Trunk— See G ra n d T ru n k W est R y
Chicago Great Western—
1903
1903
1905
1905
1906
1890
1890
1888
D eb en tu re s to c k c u m u la tiv e g o ld $ 3 0 ,0 0 0 ,0 0 0 _____
P referred s to c k A $1 5 ,0 0 0 ,0 0 0 5 % g o ld --------------------P referred s to c k B 4 % ($ 2 4 ,0 0 0 ,0 0 0 authorized)*____
Rate
%
Bonds— Princi
INTEREST OR DIVIDENDS
pal, When Due
Stocks—Last
Where Payable, and by
When
Whom
Dividend
Payable
$633,251
5
565 ,000
M A S
884,000
43^
J
A
J
1,875,000
4H g F A A
3 ,5 2 0 ,0 0 0
4 y2 g F A A
12,000,000
M A N
5 g
10,000,000 M ostly o w ned b y
J
J
300,000
A
5 g
1,000
1,000
1,000
1,000
1,000
1,000 A c
100
100
100
100
V a rio u s
V a riou s
5,000
V a riou s
28,1 2 7 ,0 8 9
4 g
11,336,900 See te x t
2 3 ,103,842 1 N o n e \
4 4 ,4 6 5 ,1 9 5
5
3,8311545
1,589,334
5
2 ,479,727
5 g
999,273
5 g
80,969
5
545,000
S terlin g 5 -year n otes (n o m ortgage) redeem at 101
1903
G o ld n otes red eem able a t 101___________ _ - _______
1904
G o ld n otes $ 2 ,5 0 0 ,0 0 0 a u th o rize d red at 1 0 1 ____ c A r
1904
G old n otes $ 1 ,0 0 0 ,0 0 0 --------------------------------------------------1906
G old n otes ($56,727 due 1 9 1 0 )_________________ ______
N otes p a y a b le a t short d ates Jan 190 8------------------Chicago & Great Western— See C h icago T erm in al T ra nsfer R R
Chicago Hammond & Western— See In d ia n a H a rbor Belt R R
Chicago & III Mid— 1st M $ 5 ,0 0 0 ,0 0 0 g red t e x t .I C .c *
26 1906
780 ,000
1,000
5 g
Chicago & III W — 1st M to be called A p aid J u ly l ’ 08
1905
1,000
500,000
5 g
G eneral m tge $4,0 0 0 ,0 0 0 gold redeem at p a r .A C .x c *
1907
1,000 See te x t
6g
Chicago & Indiana Coal— See C h icago A E astern 111
203 1900
C h ic Ind & So— In d III A l a 1st M $12 ,000 ,00 0 g -I C .c *
4,8 5 0 ,0 0 0
1,000
4 g
C on sol m tge $2 0 ,0 0 0 ,0 0 0 gold gu p A l _ .G .x c * A r
329 1906 1,000 A c 15,150,000
4 g
Chicago Indianapolis & Louisville— C o m m o n s t o c k —
100 10,500,000 3 In 1907
P referred 4 % n o n -cu m u la tlv e $ 5 ,0 0 0 ,0 0 0 ----------------5,000,000 4 In 1907
100
L N A A C 1st M ain L in e — N A to M ichigan C Ity .c *
289 1880
6
3,0 0 0 ,0 0 0
1,000
2,300,000
F irst M C h ic A Ind D lv C h ica go to Ind g o ld ____ c*
162 1881
1,000
6g
C I A L refu n d in g m ortg age $ 10 ,300 ,00 0 g o ld -------Cc
509 1897
5 ,000,000
5 g
1,000
do
do
g old 6s Issued fo r old co n s o ls ____
4,7 0 0 ,0 0 0
509 1897
6g
1,000
43,000
C on S tone C o 1st M gold gu ar p A 1 red t e x t ---------6g
1900
1,000
5 g
In d ia n a S tone R R first m o rtg a ge g u a ra n te e d _______
1,000 In treasury
In d la n a p A L ou ls v 1st M $ 6,000,000 gold gu — S.c*
60 1906
1 ,500,000
4 g
1,000
Chicago Indianapolis & St Louis Short Line— See Cle veland Cincln natl C h ic a g o A S t L o uls
o f a m a jo r i t y o f b o t h s a id c la s s e s o f s t o c k p r e s e n t a t a m e e t in g .
S e c u r itie s
o f o t h e r Is s u e s h a v i n g a U cn p r io r t o p r e fe r r e d A c a n h e c r e a t e d , b u t o n l y
w ith c o n s e n t o f t w o -t h ir d s o f b o th cla s s e s .
T h e s e v e r a l c l a s s e s In c a s e o f
l i q u i d a t i o n w i l l h a v e p r i n c i p a l p a i d In g o l d , a c c o r d i n g t o t h e i r p r i o r i t y r i g h t
t o d iv id e n d s .
A t e x t r a o r d in a r y g e n e ra l m e e tin g s o f h o ld e r s o f d e b e n t u r e
s t o c k a n d p r e f. A s t o c k c o l le c t iv e ly h o ld e r s o f o n e -te n th o f s a id s t o c k s o u t
s t a n d in g , p r e s e n t o r r e p r e s e n te d , c o n s t it u t e a q u o r u m , a n d b y a m a jo r it y
v o t e h a v e p o w e r t o s a n c t io n a n y m o d if ic a t io n o f t h e r ig h t s o f s a id s t o c k s .
F o r r ig h t s o f s t o c k s e e e d i t o r i a l In " S u p p . ” f o r O c t . 1 8 9 7 ; s e e a ls o V .7 1 , p . 4 4 1 .
In 1898 th e a u t h o r iz e d Issu e o f 4 % d e b e n tu r e s t o c k w a s In cre a s e d fr o m
5 1 5 ,0 0 0 ,0 0 0 t o $ 3 0 ,0 0 0 ,0 0 0 , fo r fu t u r e r e fu n d in g a n d I m p r o v e m e n t s . V . 6 6 ,
p . 133, 663, 1088.
I n M a r c h 1 9 0 7 $ 2 ,0 0 0 ,0 0 0 o f t h e r e m a in in g $ 3 ,8 7 3 ,0 0 0
d e b e n tu r e s t o c k w a s s u b s c r ib e d a t £16 p e r $ 1 0 0 sh a re .
V . 84, p. 745, 748,
1247; V . 86. p . 791.
T h e In terest p a y m e n t o n th e d e b e n tu r e s to c k d u e
J a n . 15 1 9 0 8 w a s d e fe r r e d .
V . 8 5, p . 1517.
T h e g o ld n o te s a re a d ir e c t o b lig a t io n a h e a d o f th e d e b e n t u r e s t o c k .
No
lie n c a n b e p l a c e d o n p r o p e r t y w i t h o u t p r o v i d i n g f o r t h e ir p a y m e n t .
V . 79, p. 902.
C a r tr u s ts J a n . 1 9 0 8 , $ 1 ,2 2 6 ,7 6 9 .
V . 86, p . 791.
D I V I D E N D S .— O n p r e f. “ A ” p a id J a n . 1 8 9 9 ,
In 1 9 0 0 t o F e b . 1 9 0 4 , 5 % y e a r l y .
In 1906, 5 %
2 H % : n o n e s in c e t o A p r il 1 9 0 8 .
V . 85, p. 721.
2 % : In J u l y 1 8 9 9 , 2 % ;
( A & O ) ; In 1 9 0 7 , A p r i l ,
F I N A N C E S . — $ 3 , 8 7 3 , 0 0 0 n e w d e b . s t o c k s o l d In 1 9 0 7 ; s e e a b o v e .
B o t h th e M a so n C ity A F t . D o d g e R R . a n d th e W is c o n s in M in n e s o ta &
P a c ific R R . a re o p e r a t e d fo r 1 00 y e a r s u n d e r a g r e e m e n ts d a te d A p r il 1 1 9 0 1 ,
t h e C h ic . G t . W e s t , r e c e iv in g t h e ir e n t ir e n e t e a r n in g s a b o v e I n t . o n b o n d s
a n d o w n in g t h e ir e n t ir e s t o c k s .
B y la te r a g r e e m e n t th e M a so n C it y & F t.
D o d g e r e c e iv e s 6 0 % o n b u s in e s s I n t e r c h a n g e d , a n y s u r p lu s a b o v e In t. t o b e
h e ld fo r p a y m e n t o f fu tu r e c o u p o n s . S e c s e p a r a te s ta te m e n ts fo r e a ch c o m
pany.
V . 7 3, p . 566, 722: V . 7 4. p . 93; V . 7 5, p . 1201; V . 80, p. 1911.
E A R N I N G S . — 7 m o s . , 1 1 9 0 7 - 0 8 ................G r o s s , $ 4 , 9 5 5 , 2 4 8 ;
5 ,4 9 4 ,2 2 7 ;
J u ly 1 t o J a n . 3 1 .
1 1 9 0 6 - 0 7 _________G r o s s ,
n e t , $ 9 3 3 ,6 7 4
n e t , 1 ,6 4 0 ,0 9 1
E a r n in g s s in c e J a n . 1 9 0 4 a r e b a s e d o n 8 1 8 m ile s o f r o a d p r o p e r , o n l y th e
n e t e a r n in g s o f t h e p r o p r ie t a r y lin e s o v e r b o n d I n t e r e s t b e in g I n c lu d e d .
R E P O R T . — R e p o r t f o r 6 m o n t h s e n d i n g D e c . 3 1 1 9 0 7 In V . 8 6 , p . 7 9 2 ,
s h o w e d g r o s s e a r n in g s , $ 4 ,3 6 0 ,7 8 5 , a g a in s t $ 4 ,9 2 6 ,6 0 0 ;
n e t , $ 8 2 8 ,7 2 0 ,
a g a in s t $ 1 ,6 4 2 ,3 9 8 :
I n t e r e s t o n d e b e n t u r e s t o c k a n d a ll p r i o r c h a r g e s ,
$1 1 8 9 ,0 5 8 : b a la n c e , d e fic it , $ 3 6 0 ,3 3 7 .
R e p o r t fo r y e a r 1 9 0 6 -0 7 , V . 8 5 ,
p . 9 1 7 , 102.
Y e a r e n d in g J u n e 3 0 —
1907.
1906.
1905.
1904.
A v e r a g e m i l e s _____________
818
818
818
874
G r o s s e a r n i n g s ......................... $ 9 , 1 3 9 , 0 8 7
$ 8 ,5 7 3 ,1 4 8
$ 7 ,3 7 7 ,7 1 1
$ 8 ,0 2 2 ,6 7 4
N e t i n c o m e ................................. 2 , 3 3 9 , 2 7 9
2 ,5 3 9 ,4 9 3
2 ,0 3 8 ,6 1 8
1 ,9 0 2 ,6 3 2
R e n t a ls (In cl. e q u ip m e n t )
4 3 0 ,1 4 2
4 2 6 ,9 5 1
4 3 3 ,5 1 6
4 3 1 ,3 6 8
4 5 0 ,1 2 7
3 7 2 ,2 3 7
3 6 8 ,7 2 6
2 8 3 ,6 2 5
I n t e r e s t p a i d ________________
I n t .I n c a s h o n 4 % d e b .s t k . 1 ,0 4 4 ,9 8 4
1 ,0 4 4 ,9 7 8
1 ,0 4 4 ,9 7 6
1 ,0 4 4 ,9 7 6
D I v . o n p r e f. s t o c k " A ” (2 > $ )2 8 3 ,4 2 2
(5 )5 6 8 ,6 2 0
..................... ( 2 ^ ) 2 8 4 , 3 1 0
[Vor,. i. xxjvi.
First N a t B a nk, C h icago
B lair A C o , N ew Y o r k
do
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Erie R a ilro a d N ew Y o r k
Erie R a ilro a d
T o A p ril 5 1913
T o S e p t 1910
T o Jan 1 1 9 1 5
A u g ’ 0 8 -A u g ’ 15
A u g ’ 0 8 -F e b ’ 16
A u g 1 1982
O ct 1 1982
J u ly 1918
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1 J u ly 15 1907 2
A A O 1
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Sem l-an )R . B en son A C o, L on -1
d o n , E n gla n d
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Sem l-an
V arious 190S
Sem l-an
J V a rious 1909
F A A A u g 1907 Int last p a id
A u g 1 1909
Sem l-an It B en son A C o L o n d o n V a rious 1911
1910 and 1912
,T
Chase N a t Bk N Y ; o r Ch F eb 1 1956
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J
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CHICAGO INDIANAPOLIS & EVANSVILLE
J u ly
Jan
D ec
D ec
J u ly
Aug
J u ly
J u ly
M ay
S ept
Jan
1 1950
1 1956
30 ’ 07 1
30 ’ 07 2 %
1 1910
1 1911
1 1947
1 1947
1 1920,
1 1948
1 1956
R R — V . 84, p.
1550.
CHICAGO INDIANAPOLIS & LOUISVILLE R Y . — O p e r a t e s t h e
“ M o n o n R o u t e ” f r o m C h i c a g o , 111., v i a M o n o n , I n d . , t o I n d i a n a p o l i s , I n d . ,
a n d L o u is v ille , K y . , w ith b r a n c h e s .
T h e s y s t e m I n clu d e s ;
L in e s o w n e d —
M ile s .
I
O p e r. u n d e r c o n tra c t—
M ile s .
I n d ia n a S ta te
L in e
t o In d ia n |C h i c a g o t o I n d i a n a S t a t e L i n e _____2 0
a p o l i s -------------------------------------------------- 1 6 2 |N e w A l b a n y t o L o u i s v i l l e ___________
6
N e w A l b a n y t o M i c h i g a n C i t y . . . 2 8 9 ( C o n n e c t i o n i n I n d i a n a p o l i s ................
2
B e d f o r d t o S w l t z C i t y ----------------------- 4 0 | C l c a r C r e e k t o H a r r o d s b ’ g , I n d . .
9
O r l e a n s t o F r e n c h L i c k S p r i n g s . . 1 8 | S w l t z C i t y t o w e s t o f L i n t o n _____ 1 0
|B r a n c h t o S w l t z C i t y ( c o a l o n l y ) 3 5
I I n d i a n a S t o n e R R ------------------------------9
T o t a l o f a ll J u n e 3 0
1 9 0 7 ___________________________________________________________ 6 0 0
A le a s e f o r 9 9 9 y e a r s w it h C h i c a g o A W e s t e r n I n d i a n a ( o f w h o s e s t o c k t h is
c o m p a n y o w n s $ 1 ,0 0 0 ,0 0 0 ) g iv e s e n t r a n c e t o C h ic a g o o n a m ile a g e b a s is .
O w n s o n e - t h i r d I n t e r e s t In K e n t u c k y A I n d i a n a B r i d g e a t L o u i s v i l l e , K y .
O w n s e n tir e s t o c k o f I n d ia n a p o lis & L o u is v ille R R . , p r o je c t e d fr o m a t o r
n e a r I n d ia n a p o lis t o E v a n s v ille , A c ., o f w h ic h 54 m ile s , f r o m W a lla c e J e t .,
I n d . , t o S h ir le y H ill, w a s o p e n e d O c t . 1 1 9 0 7 .
D iv id e n d s o f 4 % a re g u a r
a n t e e d u n d e r 9 9 - y e a r le a s e a n d b o n d s g u a r a n t e e d , p r in . & I n t .
See
“ B o n d s ” b e lo w .
V . 82, p. 509; V . 83, p . 888, 1290; V . 8 5, p. 920.
H I S T O R Y .— S u c c e s s o r J u ly 1 1 8 9 7 o f L o u is v ille N e w A l b a n y A C h lc a g p ,
f o r e c l o s e d p e r p l a n In V . 6 3 , p . 9 2 2 .
S u it s e t t le d , V . 7 5 , p . 1 0 3 1 .
I n A u g . 1 9 0 2 th e L o u is v ille A N a s h v ille a n d S o u th e r n R y . a c q u ir e d 9 3 %
o f $ 1 0 ,5 0 0 ,0 0 0 c o m . a n d 7 7 % o f $ 5 ,0 0 0 ,0 0 0 p r e f. s t o c k , o n t h e b a s is o f $ 7 8
a n d $ 9 0 p e r $ 1 0 0 s h a r e r e s p e c t i v e l y In t h e i r J o i n t 5 0 - y c a r 4 % c o l l a t e r a l t r u s t
g o ld b o n d s a t p a r , se c u re d b y th e s t o c k a c q u ir e d .
S ee d e s c r ip tio n o f b o n d s
u n d e r L o u is v ille A N a s h v ille .
V . 74 p . 1088, 1138; V . 7 5 , p . 2 8 .
D I V I D E N D S .— O n p r e f., 1 8 9 9 , 1 % ; O c t . 1 9 0 0 t o D e c . 1 9 0 7 , b o t h in c lu
s iv e , 4 % p er a n n u m .
O n c o m ., 1 9 0 2 , 1 % ; 1 90 3. 3 A
3 % ; 1904, Ju n e, 1 M % :
D e c ., 1 K % : 1 9 0 5 to 1 9 0 7 , 3 % y e a r ly (J . A D .) .
B O N D S .— R e f u n d in g m o rtg a g e c o v e r s r o a d , e q u i p m e n t , A c . (I n c lu d in g
$ 1 ,0 0 0 ,0 0 0 s t o c k o f C h . & W . I n d . a n d $ 2 4 0 ,0 0 0 s t o c k o f th e B e lt R y . o f
C h i c a g o ) ; t o t a l a u t h o r i z e d I s s u e Is $ 1 5 , 0 0 0 , 0 0 0 , o f w h i c h u n i s s u e d b a l a n c e Is
r e s e r v e d t o ta k e u p e x is t in g d iv is io n a l b o n d s a t m a t u r it y . T h e C o n s o lid a t e d
S t o n e b o n d s w e r e s u b je c t t o c a ll J a n . 1 1 9 0 7 .
V . 74, p. 42.
I n d i a n a p o l i s & L o u i s v i l l e g u a r a n t e e d b o n d s , o f w h i c h $ 1 , 5 0 0 , 0 0 0 s o l d in
F e b . 1 9 0 6 f o r 6 0 m ile s o f r o a d ; b a la n c e is s u a b le a t $ 3 0 ,0 0 0 p e r m ile .
See
above.
V . 82, p. 508; V . 83, p. 1290.
E A R N I N G S . — 8 m o s . , / 1 9 0 7 - 0 8 ............... G r o s s , $ 3 , 5 4 4 , 3 2 0 ;
J u ly 1 to F e b . 2 9 .
\ 1 9 0 6 - 0 7 ............... G r o s s , 3 , 9 4 9 , 8 8 6 ;
AN N U A L
n e t , $ 8 6 0 ,2 5 9
n e t , 1 ,2 0 3 ,3 2 7
R E P O R T .— In V . 8 5 , p . 7 8 7 , sh o w e d :
Y e a r e n d in g J u n e 3 0 —
1 9 0 6 -0 7 .
G r o s s e a r n i n g s ....................... $ 5 , 9 8 8 , 8 6 7
N e t e a r n i n g s ............................. $ 1 , 8 2 5 , 4 1 6
D iv id e n d s , A c ., r e c e iv e d 2 3 3 ,1 8 9
1 9 0 5 -0 6 .
$ 5 ,0 2 1 ,0 0 2
$ 1 ,9 8 3 ,0 6 3
2 4 9 ,4 7 5
1 9 0 4 -0 5 .
$ 5 ,6 1 4 ,9 0 3
$ 1 ,9 7 9 ,7 1 0
1 6 0 ,4 3 2
1 9 0 3 -0 4 .
$ 5 ,3 0 0 ,6 2 3
$ 1 ,8 8 4 ,4 5 4
2 5 7 ,0 3 1
T o t a l n e t I n c o m e .............$ 2 , 0 5 8 , 6 0 4
I n t e r e s t o n b o n d s __________
$ 7 7 2 ,1 0 0
R e n t a l s , A c __________________
2 9 1 ,4 7 8
$ 2 ,2 3 2 ,5 3 8
$ 7 7 2 ,1 0 0
2 6 2 ,8 0 1
$ 2 ,1 4 0 ,1 4 2
$ 7 7 2 ,1 0 0
2 5 3 ,0 9 4
$ 2 ,1 4 1 ,4 8 5
$ 7 7 2 ,1 0 0
2 5 0 ,0 2 3
CHICAGO & ILLINOIS MIDLAND RY.— O w n s A u b u r n , 111., t o T a y l o r v il le , 2 6 m ile s , o f w h ic h 17 m ile s w a s o p e n e d J u n e 1 9 0 7 .
S to c k a u th o r iz e d ,
$ 2 ,0 0 0 ,0 0 0 ; o u t s t a n d in g , $ 1 ,0 0 0 ,0 0 0 (p a r o f s h a re s $ 1 0 0 ), a m a jo r it y b e in g
o w n e d b y Illin o is M id la n d C o a l I n te re s ts .
T h e b o n d s a r c s u b je c t t o c a ll
o n te r m s t o b e fix e d f o r th e s e v e r a l Issu e s ; th e $ 7 8 0 ,0 0 0 b o n d s Issu e d o n
t h e fir s t 2 6 m ile s m a y b e c a lle d a t 1 1 0 o n A u g . 1 1 9 1 0 o r a n y s u b s e q u e n t
In terest d a y .
See V . 8 2, p . 4 52 , 803.
( V . 8 2 , p . 8 0 3 .)
T o t a l .......................................... $ 1 , 0 6 3 , 5 7 8
S u r p l u s f o r d i v i d e n d s _____
$ 9 9 5 ,0 2 6
D i v i d e n d o n p r e f . , 4 % ____
2 0 0 ,0 0 0
D i v i d e n d o n c o m m o n ______ ( 3 ) 3 1 5 , 0 0 0
$ 1 ,0 3 4 ,9 0 1
$ 1 ,1 9 7 ,6 3 7
$ 1 ,0 2 5 ,1 9 4
$ 1 ,1 1 4 ,9 4 8
$ 1 ,0 2 2 ,1 2 3
$ 1 ,1 1 0 ,3 6 2
200,000
200,000
200,000
CHICAGO & ILLINOIS WESTERN RR.— T o e x t e n d f r o m W e s t e r n A v e . ,
C h i c a g o , s o u t h w e s t e r l y t o J o l i e t , 111., w i t h b r a n c h e s , a t o t a l o f 5 4 m i l e s , o f
w h i c h 1 7 m i l e s In o p e r a t i o n .
E x te n s io n p r o p o s e d G a r y t o J o lie t.
V . 83,
p. 491.
S t o c k , 5 1 ,0 0 0 ,0 0 0 , a s In cr e a s e d A u g . 1 9 0 7 ; p a r , $ 1 0 0 . O f th e g e n .
6 s o f 1 90 7 ($ 4 ,0 0 0 ,0 0 0 a u t h . Is s u e ), $ 1 ,0 0 0 ,0 0 0 t o b e Is s u e d a t p r e s e n t ;
p a r t Is r e s e r v e d t o r e t i r e t h e $ 5 0 0 , 0 0 0 f i r s t 5 s o n J u l y 1 1 9 0 8 .
V . 86,
p . 107.
P r e s ., W . E . P h illip s .
O f f i c e , 1 8 4 L a S a l i c S t . , C h i c a g o , 111.—
( V . 8 3 , p . 4 9 1 ; V . 8 5 . p . 4 0 4 ; V . 8 6 , p . 1 0 7 .)
D ir e c t o r s .— T h o s . W . J o y c e , A . H . G U Ia rd , A . T . F r e n c h , C h a s . S te e le ,
R . M . G a lla w a y , T e m p le B o w d o ln , M o r t o n F . P la n t , N e w Y o r k ; W . H .
M c D o e l, L e w is W . P a r k e r , E . C . F ie ld , C h ic a g o ; J . M u r d o c k , L a fa y e t t e , I n d .
— ( V . 8 3 , p . 6 8 6 , 8 8 8 , 1 3 4 7 ; V . 8 4 , p . 1 0 1 ; V . 8 5 , p . 7 2 2 , 7 8 7 , 9 2 0 .)
B a la n c e
..................... s u r . $ 1 3 0 , 6 0 4 s u r . $ 1 2 6 , 7 0 6 s u r . $ 1 9 1 , 4 0 0 d e f . $ 1 4 1 , 6 4 7
O F F I C E R S .— P r e s ., A . B . S t lc k n e y ; V . - P . , A . O p p c n h e lm ; S e c ., R . C .
W i g h t ; T r c a s . , R . O . B a r n a r d ; a ll o f S t . P a u l .
D ir e c t o r s — A . B . S t lc k n e y , A . O p p e n h c im , S . C . S t lc k n e y , F . W e y e r
h a e u s e r , J . W . L u s k , C . O . K a lm a n , T . H . W h e e le r , H . E . F le tc h e r , R . C .
W ig h t.
N . Y . o f f i c e , 3 1 N a s s a u S t — ( V . 8 6 , p . 6 0 1 , 6 6 8 , 7 2 0 , 7 9 1 .)
CHICAGO INDIANA & EASTERN R Y . — O w n s C o n v e r s e , I n d . , t o
M u n c le , 4 3 m ile s .
I n M a y 1 9 0 7 t h e P e n n s y l v a n i a C o . a c q u i r e d a ll t h e s e
c u r it ie s , th e r o a d b e in g o p e r a t e d a s p a r t o f th e P it t s . C in . C h ic . & S t . L o u is ,
p . 1 1 8 1 ,9 3 0 .
F o r 8 m o n t h s e n d in g D e c . 31 1 9 0 7 , g r o s s , $ 5 2 ,0 3 4 ; o p e r a t in g
d e f ic it , $ 3 8 ,8 0 2 ; c h a r g e s , $ 2 4 ,9 0 3 ; b a l . , d e f . , $ 6 3 ,7 0 5 .— ( V . 8 4 , p . 3 5 0 .)
Maps Y.
CHICAGO INDIANA & SOUTHERN RR.— ( S e e
N .
C en t. *
H u d . R i v . R R . ) — O w n s f r o m S o u t h B e n d , I n d . , t o S e a t o n v l l l e , 111., 1 9 2 m .
( f o r m e r I n d . 111. A I o w a R R . ) ; D a n v i l l e . 111., t o I n d i a n a H a r b o r . I n d . ,
1 0 9 m .; b r a n c h e s , 11 m .; t r a c k a g e , 2 8 m .; t o t a l , 3 4 0 m .
A ls o o w n s 20 m .
le a s e d t o o t h e r c o m p a n ie s .
A c o n s o l i d a t i o n A p r i l 1 9 0 6 o f t h e I n d . 111. A I o w a , I n d . H a r . R R . a n d
D a n v ille A I n d . H a r. R R .
V . 82, p. 803, 867.
S t o c k , $ 2 0 ,0 0 0 ,0 0 0 , o f
w h i c h $ 5 , 0 0 0 , 0 0 0 Is 4 % c u m . p r e f .
L a k e S h o re & M ic h . S o u th e r n o w n s
$ 1 7 ,0 0 0 ,0 0 0 a n d M ic h ig a n C e n tr a l $ 3 ,0 0 0 ,0 0 0 .
B O N D S . — O f t h e 4 s o f 1 9 0 6 ( $ 2 0 , 0 0 0 ,0 0 0 ) . g u a r a n t e e d b y t h e L a k e S h o r e
& M ic h . S o u t h ., $ 4 ,8 5 0 ,0 0 0 a r c r e s e r v e d t o r e tir e th e 4 s d u o J u ly 1 1 9 5 0 .
V . 8 6, p. 980.
J o i n t l y w it h f o u r o t h e r r o a d s c o v e n a n t s t o p a y t h e N . Y . C e n t r a l lin e s
( $ 3 0 ,0 0 0 ,0 0 0 ) 5 % e q u i p , t r u s t o f 1 0 0 7 , t h e c o m p a n y ’s s h a r e o f e q u i p m e n t
le a s e d b e in g a b o u t $ 4 ,0 0 0 ,0 0 0 .
V . 8 5, p . 1401; V . 8 6, p . 168.
E A R N I N G S . — 2 m o s . , 1 1 9 0 8 . ......................G r o s s , $ 4 8 8 , 2 1 5 ; n e t , $ 1 8 4 , 8 8 4
4 6 2 ,5 0 0 ; n e t ,
1 4 8 ,5 7 3
J a n . 1 to F e b . 29.
1 1 9 0 7 .........................- G r o s s ,
R E P O R T .— R eport for year ending Dec. 31 1907 In V . 86, p. 852,
showed; Gross, $3,004,483; net, $1,061,353; other Income, $88,178; charges
and taxes. $926,351; bal., sur., $223,180.— (V . 86, p. 852, 856, 980.)
(3 ) 3 1 5 , 0 0 0 ( 2 J4) 2 8 8 , 7 5 0 ( 2 H ) 2 6 2 , 5 0 0
O F F I C E R S .— P r e s ., W . H . M c D o e l, C h ic a g o : V . - P . , M o r t o n F . P la n t ,
N e w Y o r k ; T r e a s ., B y r o n C a s s e ll, 1 9 8 C u s t o m H o u s e P la c e , C h ic a g o ; G e n .
M g r ., B . E . T a y l o r . C h ic a g o ; S e c ., J . A . H ilt o n . 8 0 B r o a d w a y , N . Y .
C H I C A G O J O L I E T & K A N S A S C I T Y R Y .— P r o je c t e d fr o m C h ic a g o , v ia
J o li e t , t o K a n s a s C it y , M o ., 3 5 0 m ile s , w it h b r a n c h e s t o K e lt h s b u r g , M o .,
A c.
S t o c k a u t h o r iz e d , $ 1 5 ,0 0 0 ,0 0 0 .
B o n d s t o b e $ 1 5 ,0 0 0 ,0 0 0 firs t 3 0 -y e a r
g o ld 5 s .— (V . 8 3 , p . 3 7 9 , 4 9 1 , 9 6 9 ; V . 8 6 , p . 7 2 0 .)
CHICAGO JUNCTION RR. — A n e l e v a t e d r o a d , 3 . 7 5 m i l e s o f t r a c k
( o p e n e d A p r il 1 9 0 8 ) , e x t e n d in g f r o m J u n c t io n w it h S o u t h S id e E le v a t e d R n .
a t 4 0 th S tre e t t o th e S to ck Y a rd s .
L e a s e d t o S o u t h S id e E le v a t e d fo r
5 0 y e a r s (w ith r ig h t t o p u r c h a s e a t c o s t w ith in 2 0 y e a r s ) a t a re n ta l
c o v e r i n g b o n d I n t e r e s t a n d a ll e x p e n s e s .
C a p ita l s t o c k , $ 5 0 ,0 0 0 .
B onds
a r e g u a r a n t e e d , p r ln . A I n t ., b y C h ic a g o J u n c t io n R a ilw a y s A U n io n
S t o c k Y a r d s C o .; t h e y a r e s u b j e c t t o c a ll a t 1 0 5 a ft e r 1 9 1 0 .
F orm o f gu ar
a n t y , V . 8 2 , p . 5 6 8 .— ( V . 8 5 , p . 7 9 2 .)
CHICAGO JUNCTION R A I L W A Y . — O w n s I n n e r l i n e w i t h i n t h e C h i c a g o
U n i o n S t o c k Y a r d s d i s t r i c t , 1 1 .8 1 m i l e s , s i d e a n d I n d u s t r i a l t r a c k s , 1 1 8 . 5 8 m .
* I n J u n e 1 90 7 th e V a n d e r b ilt (N e w Y o r k C e n tr a l) In te re s ts a r r a n g e d to
a c q u ir e t h e o u t e r b e lt lin e , a s s u m in g th e $ 2 ,5 0 0 ,0 0 0 o u t s t a n d in g b o n d s ,
le a v in g p r o p e r t y fr e e o f H ens.
V . 8 5, p . 159, 792.
E A R N I N G S . — F o r y e a r e n d in g D e c . 31 1 9 0 6 (7 6 m ile s fir s t t r a c k ) , g r o s s ,
$ 2 ,7 7 0 ,2 9 9 ; n e t , I n c lu d in g o t h e r I n c o m e , $ 1 ,0 1 7 ,3 0 1 ; c h a r g e s , $ 8 2 0 ,8 5 9 ;
d i v id e n d s ( 6 % ) , $ 1 3 2 ,0 0 0 ; s u r p lu s , $ 6 4 ,4 4 1 .— ( V . 8 5 , p . 7 9 2 .)
CHICAGO KALAMAZOO & SAGINAW RY.— O w n s 5 5 m . , P a v i l i o n t o
W o o d b u r y , M ich .
A c q u i r e d In D e c . 1 9 0 6 b y M i c h . C e n t . ( N e w Y o r k C e n
t r a l s y s t e m ) , b u t w ill b e o p e r a t e d I n d e p e n d e n t l y .
V . 8 4. p . 50.
S tock ,
c o m ..
$ 2 ,0 0 0 ,0 0 0 ; p r e f., $ 4 5 0 ,0 0 0 ; o u t s t a n d in g , $ 4 5 0 ,0 0 0
ea ch ; par of
sh a res, $ 1 0 0 .
L o a n s a n d b ills p a y a b l e D e c . 3 1 1 9 0 7 , $ 3 6 9 ,5 8 1 .
In 1 90 7,
g r o s s , $ 1 7 8 ,2 1 3 ; n e t , $ 6 4 ,7 6 8 ; I n te re s t a n d t a x e s , $ 3 3 ,4 8 2 ; d iv id e n d s ( 6 % ) ,
$ 2 7 ,0 0 0 .
P r e s . , .11 B . I . e d y a r d , D e t r o i t ; T r e a s . a n d S e c . , W . J . K e a l e y ,
K a l a m a z o o . M ic h .— V . 6 1 , p . 1 0 6 3 ; V . 8 4 , p . 5 0 .)
Apr., 1908.]
RAILWAY STOCKS AND BONDS.
35
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[VOL. LXXXVI.
RAILWAY STOCKS AND BONDS.
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B O N D S .— O n A p r il 1 1 9 0 8 a m o r t g a g e w a s e x e c u t e d t o th e S t . L o u is
U n io n T r u s t C o . a n d I llin o is S t a te T r u s t C o . o f S t . L o u is a s t r u s te e s t o
s e c u r e a n Issu e o f $ 2 0 ,0 0 0 ,0 0 0 o f 4 0 -y e a r 5 % b o n d s , o f w h ic h $ 5 ,5 0 0 ,0 0 0
h a v e b e e n Issu e d to a c q u ir e th e p r o p e r t y o f th e I llin o is I o w a & M in n e s o ta
a n d s u b s id ia r y c o m p a n ie s , th e r e m a in in g $ 1 4 ,5 0 0 ,0 0 0 b o n d s t o b e Issu ed
f o r e x t e n s io n s t o G a r y a n d M ilw a u k e e , e q u ip m e n t , t e r m in a ls , e le v a t o r s ,
c o a l d o c k s a n d fa c ilit ie s a t G a r y a n d M ilw a u k e e .
V . 8 6, p. 980
P r e s .,
H . W. S e a m a n , “ T h e R o o k e r y , ’ * C h i c a g o , 111.— ( V . 8 6 , p . 6 0 1 , 9 8 0 . )
C H I C A G O . MILWAUKEE & S T . P A U L R Y . — O p e r a t e s f r o m C h i c a g o
w e s t e r ly t o S t . P a u l, M in n e a p o lis a n d L a k e S u p e r io r , O m a h a , N e b ., a n d
K a n s a s C i t y , M o ., w it h lin e s t r a v e r s in g I ll in o i s , I o w a , M is s o u r i, M ic h ig a n ,
W is c o n s in . M in n e s o ta a n d th e D a k o t a s , v iz .:
H oad
M ile s. I
R oad—
M ile s
L in e s o w n e d ( o f w h ic h 2 8 m ile s
I S e c o n d a n d t h ir d t r a c k s . — . . . . . 4 3 4
o w n e d J o i n t l y ) ................................... 7 , 1 8 7 I T r a c k a g e
(In clu d in g 2 d t r a c k s ) ..2 8 9
H IS T O R Y
E T C — T h e M ilw a u k e e & S t . P a u l R R . C o . w a s o r g a n iz e d
M a y 5 1 8 6 3 a n d o n F e b . 11 1 8 7 4 t o o k I t s p r e s e n t n a m e .
T h e sy stem has
s in ce b e e n g r e a tly e x t e n d e d b y th e c o n s t r u c tio n a n d a c q u is itio n o f o t h e r
lin e s
T h e s a l e o f t h e M i l w a u k e e & N o r t h e r n t o t h e S t . P a u l w a s r a t i f i e d In
»
1893
T h e W h it e R iv e r V a lle y R R . , w it h $ 5 0 ,0 0 0 ,0 0 0 a u t h o r iz e d
s t o c k In J u l y 1 9 0 7 c o m p l e t e d I t s l i n e f r o m C h a m b e r l a i n , S . D . , t h e p r e s e n t
w e s t e r n t e r m in u s o f t h e S t . P a u l, t o R a p id C i t y , 2 1 9 m ile s .
V . 80, p. 1110;
V
81 p . 8 4 9 , 1 49 2; V . 8 3 , p . 6 82 ; V . 8 5 , p . 2 20 .
T h e P a c ific e x t e n s io n fr o m w e s te r n te r m in u s a t G le n h a m , S . D . , to S e a ttle
a n d T a c o m a , 1 ,3 8 0 m i l e s , Is e x p e c t e d t o b e c o m p l e t e d b y M c h . 1 9 0 9 .
See
V 84 p . 2 1 9 ;a ls o V . 8 1 , p . 1 6 0 9 , 1 6 6 4 ; V . 8 3 , p . 9 4 , 6 8 6 , 1 4 6 9 ; V . 8 5 , p . 4 6 8 ,
792
’ T h e l i n e Is e x p e c t e d t o b e c o m p l e t e d t o B u t t e , 7 2 1 m i l e s , a b o u t M a y
1908
In M a y 1906 th e M o n ta n a R R . , L o m b a r d t o L e w is to n , M o n t ., 157
m ile s , a n d b r a n c h . 6 m ile s , w a s a c q u ir e d , a n d w ill f o r m p a r t o f t h e P a c ific
C o a s t e x t e n s io n .
V . 8 2, p . 1211.
C A P I T A L S T O C K .— T h e p r e f. s t o c k h a s a p r io r r ig h t o v e r th e c o m . s t o c k
t o a d i v i d e n d o f n f l t o v e r 7 % f r o m n e t e a r n i n g s In e a c h y e a r , b u t i f n o t
e a r n e d It h a s n o c u m u l a t i v e r i g h t .
A fte r p a y m e n t o f 7 % o n p r e f. a n d 7 %
o n c o m . , b o t h c l a s s e s s h a r e pro rata.
T h e a u t h o r i z e d c o m . s t o c k w a s I n c r e a s e d In 1 9 0 2 f r o m $ 5 8 , 1 8 3 , 9 0 0
to
$ 8 3 , 1 8 3 , 9 0 0 a n d In O c t . 1 9 0 6 t o 5 1 5 8 , 1 8 3 . 9 0 0 .
V .8 3 , p . 8 9 0 .
T h e p r e f . s t o c k o n D e c . 3 1 1 8 7 3 w a s $ 1 2 , 2 7 4 , 4 8 3 ; It w a s I n c r e a s e d t o $ 4 9 ,
7 4 7 ,4 0 0 a lm o s t e n t ir e ly b y e x c h a n g e o f c o n v e r t i b le b o n d s f o r s t o c k , o n l y
a b o u t $ 9 ,0 0 0 ,0 0 0 h a v in g b e e n Is s u e d f o r o t h e r p u r p o s e s ( i m p r o v e m e n t s . & c .)
I n O c t . 1 9 0 6 th e a u t h o r iz e d a m o u n t w a s in c r e a s e d b y $ 7 5 ,0 0 0 ,0 0 0 , t o $ 1 2 4 ,
6 5 4 ,4 0 0 ; V . 8 3 , p . 8 9 0 .
I n J a n . 1 9 0 8 o n l y $ 2 9 8 ,0 0 0 b o n d s e x c h a n g e a b le f o r
p r e f . s t o c k r e m a in e d o u t s t a n d in g .
In A u g . 1 9 0 6 s t o c k h o ld e r s w e r e o lle r e d th e r ig h t t o s u b s c r ib e to $ 2 5 ,0 0 0 ,
0 0 0 c o m . s t o c k a t p a r , In cr e a s in g th e a m o u n t o u t s t a n d in g to $ 8 2 ,9 1 1 ,3 0 0 .
V
83
p . 379, 890.
In D e c . 1 9 0 6 s t o c k h o ld e r s w e r e oIT ercd th e r ig h t t o
s u b s c r ib e p r o r a ta fo r $ 6 6 ,3 2 8 ,5 0 0 p r e f. a n d $ 3 3 ,1 6 4 ,3 0 0 c o m . s t o c k a t p a r ,
o f w h i c h 1 0 % p a y a b l e D e c . 3 1 ( o r in c a s e o f n o n - r e s i d e n t h o l d e r s J a n . 10
1 9 0 7 ), 1 5 % J u n e 1 a n d 1 0 % D e c. 2 1 907, 1 0 % F e b . 3 , 2 0 % J u n e 1 a n d 2 0 %
D e c . 1 1 9 0 8 ; r e m a in in g 1 5 % M c h . 1 1 9 0 9 .
T h e p r o c e e d s w ill p r o v i d e f o r
th e e s t im a t e d c o s t o f $ 7 5 ,0 0 0 ,0 0 0 f o r th e P a c ific C o a s t e x t e n s io n , a b o u t
I , 4 0 0 m il e s , a n d 5 0 0 m ile s o f b r a n c h e s , a n d $ 2 5 ,0 0 0 ,0 0 0 f o r c o n t i n g e n c i e s ,
fu r th e r b r a n c h e s a n d e q u ip m e n t .
T h is w ill In cr e a s e th e a m o u n t s o u t s t a n d
in g t o a b o u t $ 1 1 6 ,0 0 0 ,0 0 0 e a c h o f p r e f. a n d c o m . s t o c k ,
rh e new stock m a y
b e I s s u e d o n p a y m e n t o f t h e f i n a l I n s t a l l m e n t , o r a t s u c h t i m e s a n d In s u c h
a m o u n t s a s th e d ir e c t o r s m a y d e t e r m in e .V . 8 3 , p . 1 5 2 3 ; V . 8 4 ,
p. 50, 101;
'9 3 .
4
4
7
7
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2
4
7
7
’95.
5 y ly .
7 y ly .
7
’ 9 6 .’ 9 7 - ’ 0 0 .’ 0 1 .
J. y , ! y A p r ., 3 M
7 y ly .
A p r ., 3 M
B O N D S . — A b s t r a c t s o f s o m e o f t h e o l d e r m t g e s . w e r e p u b l is h e d in t h e
“ C h r o n ic le ,” V . 4 5 . p . 8 5 , 1 1 4 , 1 4 4 , 2 1 2 , a n d V . 4 8 , p . 8 3 0 .
C h ic a g o & P a c i f i c W e s t e r n D i v i s i o n , s e e S u p p l e m e n t o f .J a n . 1 9 0 1 .
T e r m in a l 5 % bon d s o f 1 8 8 4 c o v e r t e r m i n a l p r o p e r t y o f s e v e r a l h u n d r e d
a c r e s In C h ic a g o a n d M ilw a u k e e .
„
_ __
T h e g e n e r a l m o rtg a g e o f 1 8 8 9 ( s e e abstract In V . 4 8 , p . 8 3 0 ) Is f o r $ 1 5 0 ,
0 0 0 ,0 0 0 t o t h e U n it e d S t a t e s T r u s t C o . o f N e w Y o r k , a s t r u s t e e , a n d c o v e r s
t h e e n t ir e r a ilw a y p r o p e r t y a n d fr a n c h is e s o f t h e c o m p a n y (t h e r e in d e
s c r i b e d ) s u b j e c t t o p r io r lie n s a s b e lo w m e n t i o n e d .
T h e p r io r lie n b o n d s c a n
n o t b e e x t e n d e d b u t w ill b e p a id o f l a t m a t u r it y .
O n J u n e 3 0 1907 th e fo llo w in g a m o u n ts o f g e n e ra l m tg e . b o n d s h a d b e e n
Issu ed o r w e re re se rv e d fo r th e p u r p o s e In d ic a te d , v iz .:
A m o u n t In t h e h a n d s o f t h e p u b l i c ............................. .............. ..............—
$ 3 2 ,7 9 1 ,0 0 0
I n t r e a s u r y o f t h e c o m p a n y ( u n s o l d ) s e e b e l o w * -----------------------------7 ,1 8 7 ,0 0 0
T o t a l r e p o r t e d b y t h e c o m p a n y a s o u t s t a n d i n g ---------------------------- $ 3 9 , 9 7 8 , 0 0 0
R e s e r v e d f o r p r i o r l i e n s . . . .........................
8 2 ,0 7 3 ,5 0 0
A v a ila b le o r e v e n tu a lly to b e c o m e a v a ila b le fo r Im p r o v e m e n ts , 1
t h e r e b e i n g I n c l u d e d In t h i s a m o u n t t h e b o n d s o r i g i n a l l y r e - }• 2 7 , 9 4 8 , 5 0 0
s e r v e d f o r p r io r H en s, w h ic h h a v e s in c e b e e n c o n v e r t e d In to I
p r e f . a n d c o m . s t o c k ------------------------------------------------------------------------------------J
T o t a l a u t h o r i z e d _________________________________________________________ $ 1 5 0 , 0 0 0 , 0 0 0
G E N E R A L F I N A N C E S , E T C .— C a p it a liz a t io n p e r m ile o f r o a d J u n e 3 0
1 9 0 7 : s t o c k , $ 1 8 ,5 0 5 ; b o n d s , $ 1 7 ,5 0 7 ; ln t. c h a r g e , $ 8 2 6 ; a v e r a g e c a p it a liz a
t io n o f e n t ir e s y s t e m fr o m C h ic a g o t o th e P a c ific C o a s t t o b e a b o u t $ 3 8 ,0 0 0
a m ile .
V . 85, p. 1338.
A s to P a c ific e x t e n s io n , se e “ H is to r y
above.
$ 2 ,2 5 8 ,0 0 0
100
8 3 ,1 0 7 ,1 0 0
100
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500
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1 ,0 0 0
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1 .0 0 0 /
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100
9 9 ,6 1 5 ,8 0 0
100
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1 2 ,8 3 2 ,0 0 0
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2 ,3 3 2 ,0 0 0
7 6 9 ,0 0 0
5 0 0 &C
b 2 ,9 7 7 ,5 0 0
500 & c
C 2 ,5 4 6 , 5 0 0
500 & c
d 3 ,3 6 5 ,0 0 0
CHICAGO MILWAUKEE & GARY R Y — (See M a p .)— T h i s r o a d , w h e n
c o m p l e t e d , w i l l f o r m a n o u t e r b e l t l i n e 2 6 7 m i l e s In l e n g t h , e x t e n d i n g f r o m
M ilw a u k e e , W I s ., t o G a r y , I n d . , c o n n e c t in g w it h a ll o f t h e 3 2 m a in t r u n k
lin e s e n t e r i n g C h i c a g o .
O f t h i s , R o c k f o r d , 111., t o M o m e n c e . 1 2 5 m i l e s .
In c lu d in g E lg in J o lie t & E a s te rn t r a c k a g e b e tw e e n A u r o r a a n d J o lie t , 24
m i l e s , w a s In o p e r a t i o n In A p r i l 1 9 0 8 .
A n e x t e n s i o n Is t o b e b u i l t a t o n c e
fr o m M o m e n c e t o G a r y , 4 2 m ile s .
A l i n e Is a l s o t o b e c o n s t r u c t e d f r o m t h e
n o r t h e r n te r m in u s a t R o c k f o r d t h r o u g h B e lo it a n d J a n e s v ille t o M ilw a u k e e ,
1 00 m ile s .
L a r g e t e r m in a ls a re b e in g a c q u ir e d a t G a r y a n d M ilw a u k e e .
I n c o r p o r a t e d M a rc h 5 1 90 8 a s a c o n s o lid a t io n o f th e I llin o is I o w a &
M in n e s o ta R y . , R o c k f o r d B e lt R y . . M ilw a u k e e R o c k f o r d & E a s te r n R y .
a n d Illin o is In d ia n a & G a r y R y .
V . 84, p. 508, 1307; V . 86, p. 601.
S t o c k a u t h o r iz e d , $ 1 0 ,0 0 0 ,0 0 0 ; o u t s t a n d in g , $ 5 ,5 0 0 ,0 0 0 ; p a r , $ 1 0 0 .
D iv id e n d s s i n c e ’ 9 1 1 ’ 9 2 .
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B on d s— P r in c i
p a l, W h e n D u e
S to c k s — L a s t
D iv id e n d
.n $ 1 , 0 8 9 , 0 0 0 a d d i t i o n a l In
1 1945
A p r 20 1908 3 M
A p r 20 1 9 0 8 3 M
J u ly 1 1908
1 1910
1 1921
Jan
J u ly 1 1921
“ '
1 1921
1 1924
1 1914
1 1916
1 1926
M a y 1 1989
M ay 1 1989
M a y 1 1989
M a y 1 1989
J u n e 1 1910
J u n e 1 1913
J a n 2 1908
A p r 1 1908
F eb 1 1915
M ay I 1916
J u n e 1 1909
A p r 1 1911
3M
2%
trea su ry.
I n 1 9 0 6 t h e U n io n P a c ific s y s t e m (O r e g o n S h o r t L in e ) a c q u ir e d $ 3 ,6 9 0 ,0 0 0
s t o c k a n d s u b s e r b e d f o r $ 2 ,7 6 7 ,5 0 0 n e w s t o c k .
V . 84, p . 572.
In A u g . 1 90 6 s t o c k h o ld e r s w e re o lle r e d th e r ig h t t o s u b s c r ib e t o $ 2 5 ,0 0 0 ,
0 0 0 c o m . s t o c k a n d in D e c . 1 9 0 6 t o $ 6 6 , 3 2 8 , 0 0 0 p r e f . a n d $ 3 3 , 1 6 4 , 3 0 0 c o m .
s t o c k a t p a r , w it h I n s t a llm e n t s p a y a b le t o M a r c h 1 9 0 9 . S e e S T O C K a b o v e .
A v e r a g e f r e i g h t t r a i n - l o a d In 1 9 0 6 - 0 7 w a s 2 8 9 t o n s , r a t e p e r t o n p e r m i l e ,
0 . 8 5 6 c . : In 1 9 0 5 - 0 6 , t r a i n - l o a d 2 8 2 t o n s , r a t e p e r t o n p e r m i l e , 0 . 8 6 2 c .
E A R N I N G S .— F o r 8 m o n th s e n d in g F e b . 29 1 9 0 8 , a s r e p o r te d t o I n t e r
S t a te C o m m e r c e C o m m is s io n , g r o s s , $ 3 9 ,4 1 1 ,9 7 5 ;
n e t , $ 1 4 , 2 7 1 ,0 9 8 ; In
1 9 0 6 -0 7 , g r o s s , 5 4 0 ,7 1 0 ,5 8 1 .
.
A N N U A L R E P O R T .— F is c a l y e a r e n d s J u n e 3 0 .
A n n u a l m e e t i n g is h e l d
In S e p t .
R e p o r t f o r 1 9 0 6 - 0 7 w a s g i v e n In V . 8 5 , p . 6 5 2 ; e d i t o r i a l , p . 6 3 1 .
1 9 0 4 -0 5 .
1 9 0 5 -0 6 .
1 9 0 6 -0 7 .
6 ,9 0 8
6 ,9 6 1
A v e r a g e m ile s o p e r a t e d J u n e 3 0
7 ,0 4 9
P a s s e n g e r e a r n i n g s _______________
..$ 1 2 ,1 0 2 ,1 9 6
$ 1 1 ,1 2 3 ,5 4 5 $ 1 0 ,1 2 6 ,9 5 8
F r e i g h t e a r n i n g s __________
4 4 ,1 1 5 ,0 5 9
4 0 ,1 8 7 ,7 1 0
3 5 ,9 6 8 ,9 4 7
M a l l , e x p r e s s , & c . , e a r n i n g s . ...................
4 ,3 3 1 ,2 9 9
4 ,1 1 1 ,7 9 8
3 ,7 8 8 ,2 0 9
T o t a l e a r n i n g s . . ............ ...
$ 6 0 ,5 4 8 ,5 5 4
M a i n t e n a n c e o f w a y ............... ............................. $ 5 ,8 3 0 , 8 6 8
M a in t e n a n c e c a r s a n d e n g in e s
..
8 ,5 8 9 ,7 5 7
T r a n s p o r ta tio n , g e n . e x p e n s e s , & c
2 2 ,7 8 2 ,4 6 8
T a x e s ......................
2 ,2 8 6 ,0 9 7
R e n e w a l a c c o u n t ________________ .
____________
A d d i t i o n s t o p r o p e r t y ____________I
9 4 6 ,8 6 8
M i s c e l l a n e o u s _______________
1 ,2 5 0 ,3 4 9
$ 5 5 ,4 2 3 ,0 5 3 $ 4 9 ,8 8 4 ,1 1 4
$
$ 5 ,9 5 5 ,4 3 2
" 5 , 3*“3*”6 , 6' 2 6
5 ,1 8 1 ,5 8 6
5 ,5 9 8 ,0 4 6
1 8 ,2 8 0 ,4 5 7
1 9 ,6 9 9 ,3 8 1
1 ,6 3 2 ,3 3 3
1 ,7 3 0 ,7 2 8
1 ,5 1 1 ,7 5 8
" ’ 6 1 9 ,9 6 0
7 1 2 ,3 3 1
1 ,2 4 3 ,0 7 9
1 ,2 3 6 ,6 5 4
T o t a l e x p e n s e s . ................
$ 4 1 ,6 8 6 ,5 0 7
N e t e a r n i n g s .....................................
$ 1 8 ,8 6 2 ,0 4 8
O t h e r I n c o m e ..........................................................
1 ,0 6 8 ,7 3 6
$ 3 6 ,4 4 4 ,3 3 1 $ 3 2 ,2 9 4 ,0 4 0
$ 1 8 ,9 7 8 ,7 2 2 $ 1 7 ,5 9 0 ,0 7 3
2 5 8 ,3 5 9
2 3 0 ,7 9 8
T o t a l n e t I n c o m e _________________________ $ 1 9 , 9 3 0 , 7 8 4
$ 5 ,9 4 2 ,1 4 0
I n t e r e s t o n d e b t .............................................
N e w e q u i p m e n t ______________________________
4 9 8 ,8 3 1
$ 1 9 ,2 3 7 ,0 8 1 $ 1 7 ,8 2 0 ,8 7 1
$ 5 ,9 1 3 ,8 5 0
$ 5 ,9 6 2 ,0 4 5
2 ,5 4 0 ,4 6 7
------------
B a l a n c e f o r d i v i d e n d s _________________ $ 1 3 , 4 8 9 , 8 1 3
D i v i d e n d o n c o m m o n , 7 % _____________ $ 5 , 8 1 0 , 5 9 8
D i v i d e n d o n p r e f e r r e d , 7 % ______________
3 ,4 8 5 ,5 0 3
$ 1 0 ,7 8 2 ,7 6 4 $ 1 1 ,8 5 8 ,8 2 6
$ 4 ,0 7 2 ,8 7 2
$ 4 ,0 7 2 ,8 7 3
3 ,4 7 2 , 8 6 8
3 ,4 ^ ) 3 ,8 7 8
B a l a n c e , s u r p l u s _________________________
$ 4 ,1 9 3 ,7 1 2
$ 3 ,2 3 7 ,0 2 5
$ 4 ,3 5 2 ,0 7 5
O F F I C E R S . — C h a ir m a n , R o s w e ll M ille r , 4 2
B roadw ay,
N ew
Y ork;
P r e s ., A lb e r t J . E a r lln g , C h ic a g o ; T r c a s ., F . G . R a n n e y , C h ic a g o , G e n .
M g r ., W . J . U n d e r w o o d ; S e c ., E . W . A d a m s , M ilw a u k e e .
,
D ir e c t o r s — R o s w e ll M ille r , N e w Y o r k ; A . J . E a r lln g , C h ic a g o ; F r e d e r ic k
L a y t o n , L . J . P e t it , M ilw a u k e e ; J . O g d e n A r m o u r , C h ic a g o ; F r a n k S . B o n d ,
W illia m R o c k e fe lle r , P e t e r G e d d e s , J o h n A . S t e w a r t , P e r c y A . R o c k e fe lle r .
W a lt e r P . B lis s , C h a r le s W . H a r k n c s s , H e n r y H . R o g e r s , N e w Y o r k .
N e w Y o r k o f f i c e , 4 2 B r o a d w a y .— ( V . 8 5 , p . 1 3 3 8 .)
C H I C A G O & N O R T H W E S T E R N R Y .— (S ee M a p . ) — * O p era tes a n im
p o r t a n t s y s t e m o f r o a d s u n i t i n g C h i c a g o , 111., w i t h O m a h a , N e b . . S t . P a u l ,
M i n n . , w i t h t h e g r e a t w h e a t b e l t s o f D a k o t a , N e b r a s k a , & c ., a n d w i t h t h e
m in in g re g io n s o f M ic h ig a n a n d th e B la c k H ills , I n c lu d in g
R o a d o w n e d in fe e —
M ile s. |
M ile s.
M a in lin e s , & c
_______ __________ 7 , 3 8 2 | S u n d r y t r a c k a g e -------------- -------------- -38
E n t i r e stock o w n e d —
I
, -■ ■
P r i n c e t o n & W e s t e r n _____________
1 6 | T o t a l J u l y 1 1 9 0 7 -------------------------7 , 6 2 3
M a n ito w o c G reen B a y & N . W .
I S e c o n d t r a c k -------------------------------------811
( l e a s e d ) ------------------ -------------- -----------1 2 3 | L a r g e in te r e st o w n e d —
S t. P au l E a stern G ra n d T ru n k
I C lilc a g o S t . P a u l M in n e a p o lis
( l e a s e d ) ___________________________
601
& O m a h a ------------------------------------------- 1 ,7 1 1
D e P u e L a n d & E a s t , (le a s e d ) . .
3 |
H I S T O R Y , E T C . — A V a n d e r b i l t l i n e ( V . 7 5 , p . 1 0 8 6 ) o r g a n i z e d In 1 8 5 9 .
In J u ly 1 884 th e c a p ita l s t o c k o f th e F r e m o n t E lk h o r n & M is s o u ri V a lle y
w a s a c q u i r e d , a n d In F e b . 1 9 0 3 t h e r o a d w a s a b s o r b e d .
I ts s e c u r it ie s , e x
c e p t t h o s e h e l d b y C h i c . & N . W . , a r e In t a b l e a b o v e .
V . 7 5, p. 514, 516.
I'0n 2 1- 09 70 .0 - 0 51 9v0a8r.i o u s p r o p r i e t a r y r o a d s w e r e p u r c h a s e d .
V . 71, p. 291, 294;
V . 7 3 , p . 2 94 , 1010; V . 7 5, p. 4 4 6 ; V . 8 1 , p . 8 40 .
I n fis c a l y e a r 1 9 0 6 -0 7 ,
4 8 0 m i l e s w e r e c o m p l e t e d a n d in J u l y 1 9 0 7 5 4 m i l e s w e r e u n d e r c o n s t r u c t i o n ,
m o s t l y c o m p l e t e d In 1 9 0 7 .
V . 85, p. 659, 220.
C A P I T A L S T O C K .— O f th e c o m . s t o c k , $ 2 ,3 3 6 ,8 6 7 , a n d o f th e p r e f. $ 3 ,
8 3 5 r e m a i n e d In c o m p a n y ’ s t r e a s u r y I n J u l y 1 9 0 7 .
P r e f. s t o c k h a s p r io r
r ig h t t o 7 % ; t h e n c o m . 7 % ; t h e n p r e f. 3 % ; t h e n c o m . 3 % ; th e n b o t h c la s s e s
sh are.
In 1 9 0 3 th e a u t h o r iz e d c o m . s t o c k w a s in c r e a s e d fr o m $ 4 1 ,4 4 8 ,3 6 6
t o $ 7 7 ,6 0 1 ,0 4 5 a n d in O c t . 1 9 0 6 t o $ 1 7 7 ,6 0 4 ,8 0 0 ( m a k i n g t h e e n t ir e s t o c k
$ 2 0 0 ,0 0 0 ,0 0 0 ) .
S t o c k h o l d e r s In F e b . 1 9 0 7 s u b s c r i b e d f o r $ 2 4 , 4 0 1 , 6 0 0 c o m .
s t o c k a t p a r , r a is in g t h e a m o u n t o u t s t a n d in g t o $ 0 9 ,6 1 8 ,9 0 0 .
In 1906 th e
U n . P a c . s y s t e m (O r e . S h o r t L in e ) a c q u ir e d $ 2 ,5 7 2 ,0 0 0 s t o c k . V . 8 4 , p . 5 7 2 ;
V . 7 5 . p .1 0 8 5 , 1 1 4 6 ; V .7 7 , p .5 7 6 ; V . 8 3 , p .3 7 9 , 8 1 7 , 1 0 9 8 ; V . 8 4 , p . 1 5 7 .
T h e c o n so lid a te d s in k in g f u n d b o n d s o f 1 9 1 5 h a v e v o t i n g p o w e r .
D I V . — 1’ 8 6 t o ’ 9 3 .
C o m . . ) 6 y e a r ly .
P r e f . . J -----------------------
’ 9 4 . ’ 9 5 . *9 6 t o ’ 9 9 . ’ 0 0 .
3
4
5 y e a r ly .
6
— 7 y e a r l y --------------------— —
’01.
’ 02 t o ’0 7 .
1908.
6
7 y e a r ly .
J a n - ,3 M
---------------- 8 y e a r l y - ----------------
I n 1 9 0 2 , o n c o m . , J a n . , 3 % ; J u l y , 3 % a n d 1 % e x t r a ; In 1 9 0 3 t o J a n . 1 9 0 8
7 % (p a id J & J ) . O n p r e f ., J a n ., 1 > A % ; A p r ., 1 H % : J u ly , 1 H % a n d l % c x t .,
O c t . , 2 % : in 1 9 0 3 t o J a n . 1 9 0 8 l n c l., 8 % (p a id Q - J ) . T h e e x t r a d lv s , o f 1 %
e a c h o n t h e s t o c k s In J u l y 1 9 0 2 I n c r e a s e d t h e r a t e f o r t h e f i s c a l y e a r 1 9 0 1 - 0 2
t o 7 a n d 8 % o n th e c o m . a n d p r e f. s to c k s r e s p e c t iv e ly . V . 7 4 , p . 1 1 9 4 .
B O N D S . — G e n e r a l M o r t g a g e .— S e e A b s t r a c t I n V . 6 5 , p . 1 1 7 5 .
The
a u t h o r i z e d I s s u e Is $ 1 6 5 , 0 0 0 , 0 0 0 ( U . S . T r u s t C o . , t r u s t e e ) ; $ 1 3 1 , 6 4 5 , 0 0 0
w e re r e s e r v e d to r e tir e u n d e r ly in g b o n d s , a n d r e m a in d e r f o r a d d it io n s a n d
im p r o v e m e n t s , $ 4 ,0 0 0 ,0 0 0 a t o n c e a n d $ 1 ,0 0 0 ,0 0 0 a y e a r th e r e a ft e r .
V . 65 ,
1070; V. 65, p. 69, 111, 571; V . 75, p. 980.
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O t t u m C F & S t P 1 s t M ($ 2 5 ,0 0 0 p m ) g u a r . - U n . c *
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C & N W s f b o n d s o f ’ 7 9 ($ 1 5 ,0 0 0 p m )r e d a t lO S F .c r
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2 5 - y e a r d e b e n t u r e s ................................... -------------- U n . c * & r
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I n a d d it io n s in k in g fu n d J u ly 1 9 0 7 h e ld : f $ 5 2 1 ,0 0 0
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p a l l I n si n k l n g f u n d .
T o t a l n e t r e c e ip t s ..
I n t e r e s t o n d e b t ___
S in k in g fu n d , & c _ .
$ 6 3 ,4 8 1 ,5 7 8
4 2 , 2 1 6 ,2 7 6
$ 5 5 ,7 4 5 ,2 7 5
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$ 5 3 ,3 3 4 ,6 3 4
3 7 .2 2 7 ,1 0 9
2 1 ,2 6 5 , 3 02 $ 1 7 ,0 9 5 ,9 6 3 $ 1 6 1 0 7 ,5 2 5
$21 6 2 5 , 1 7 2
. 5 2 3 3 5 5 , 7 5 2 $ 2 2 ,8 7 1 ,3 8 2 $ 1 8 , 6 3 1 , 7 9 8 $ 1 7 , 5 9 6 , 7 6 0
7 ,8 4 5 ,3 2 9
7 ,9 7 1 ,5 1 8
7 ,9 8 8 ,9 7 6
7 , ,3 9 0 ,1 8 6
2 2 5 ,0 0 0
2 2 5 ,5 0 0
2 2 5 ,5 0 0
2 2 5 ,0 0 0
( 7 ) 6 ,1 1 8 ,5 7 7 ( 7 ) 4 , 6 9 2 .3 1 3 ( 7 ) 3 , 3 8 3 , 3 2 4 ( 7 ) 3 , 3 8 3 , 3 2 4
( 8 ) 1 7 9 1 , 6 0 0 ( 8 ) 1 , 7 9 1 ,6 0 0 ( 8 ) 1 , 7 9 1 , 6 0 0 ( 8 ) 1 , 7 9 1 . 6 0 0
4 ,0 0 0 ,0 0 0
6 ,0 0 0 0 0 0
4 ,6 0 0 0 1 0
..................
B a l a n c e , s u r p l u s ______ * $ 7 , 8 3 0 , 3 8 8
$ 2 ,3 1 6 ,6 4 0
$ 6 4 2 ,8 9 8
$ 2 2 4 ,8 1 8
* I n a d d i t i o n t h e r e w e r e n e t r e c e i p t s f r o m l a n d s In 1 9 0 5 - 0 6 o f $ 3 6 7 ,5 1 4 ;
In 1 0 0 4 - 0 5 o f $ 2 9 5 , 4 4 2 ; In 1 9 0 3 - 0 4 o f $ 1 , 1 7 4 , 7 6 6 ; in 1 9 0 6 - 0 7 , n o t g i v e n .
O F F I C E R S .— P r e s ., M a r v in H u g h lt t . C h ic a g o ; V .- P . a n d S e c ., E . E .
O s b o r n , 1 1 1 B ’ w a v , N . Y . ; T r c a s . a n d A s s t . S e o . , R . 11. W i l l i a m s , N . Y .
D ir e c t o r s — W . K . V a n d e r b ilt , F . W . V a n d e r b ilt , H . M c K . T w o m b ly ,
S a m u e l F . B a r g e r , C h a u n c c y M . D e p e w J a m e s S t illm a n , J a m e s C . F a r g o ,
F r a n k W o r k , E . E . O s b o r n , N . Y . ; M a rv in H u g h lt t , B y r o n L . S m t h , C y r u s
H . M c C o r m ic k , C h a u n c e y K e e p , C h ica g o ;
H . C . F r ic k . P itts b u r g h
P a .:
D a v id P . K im b a ll, O liv e r A m e s , B o s to n : Z e n a s C r a n e , D a lt o n . M a ss —
(V 8 4 , p . 1 1 1 3 ; V . 8 5 , p. 220, 4 6 8 , 651, 657, 1 0 0 5 , 1 1 4 3 ; V . 8 6 , p . 3 3 8 . )
CHICAGO PEORIA & ST. I.OUIS R Y — R O A D — O w n s f r o m P e k i n t o
G r a n i t e C i t y , 111.. 1 8 0 m i l e s ; G r a n i t e C i t y t o M a d i s o n . 2 m i l e s ; A t a d l s o n t o
B r i d g e J e t . , 3 m . ; H a v a n a t o J a c k s o n v i l l e , 111., 4 2 m . ; b r a n c h , L o c k h a v e n
t o G r a f t o n , 8 m . ; t o t a l o w n e d , 2 3 5 in .; t r a c k a g e , P e ld n t o P e o r ia , 10 m . ;
In S p r i n g f i e l d , 1 / $ m . ; t o S t . L o u i s S t a t i o n , 9 m . ; t o t a l , 2 5 5 / 3 m i l e s
R e o ig a n lz a t io n o f C h ic a g o P e o r ia & S t. L . R R . a n d S t. L . C h ic . & S t .
P a u l R y . s o l d In f o r e c l o s u r e J a n . 8 1 9 0 0 , p e r p l a n In V . 6 8 , p . 7 2 2 .
T h e J u ly 1906 c o u p o n o n t h e c o n s o ls w a s p a id D e c . 1 9 0 6 , th e J a n . 1907
c o u p o n In J u n e 1 9 0 7 a n d t h e J u l y 1 9 0 7 c o u p o n In D e c . 1 9 0 7 .
T ile J a n . 1908
co u p o n w as d e fe rre d .
V . 83, p 1523; V . 8 4, p. 505.
F. J . L ls m a n & C o .
r e q u e s te d b o n d h o ld e r s t o c o m m u n ic a t e w it h th e m .
V . 83, p. 36.
B O N D S — O f th e $ 2 ,0 0 0 ,0 0 0 p r io r H en 4 /3 s , $ 2 0 0 ,0 0 0 a r e r e s e r v e d fo r
Im p rov em en ts, & c.
S t o c k , c o m m o n , $ 3 ,6 0 0 ,0 0 0 ; p r e f ., $ 3 ,7 5 0 ,0 0 0
R E P O R T f o r y e a r t o J u n e 3 0 1 9 0 7 w a s In V . 8 5 , p . 1 1 4 0 , s h o w i n g g r o s s ,
$ 1 ,6 8 5 ,8 5 6 ; n e t , $ 2 5 7 ,4 0 5 ; o t h e r in c o m e , $ 3 ,3 2 5 ; I n te r e s t a n d t a x e s , $ 2 3 0 ,
3 5 7 ; b a l . . s u r ., $ 3 0 ,3 7 4 .
V .-P .
J o h n P . R a m s e y , S t . L o u is . M o .; S e c
a n d A s s t . T r e a s ., I I . W . B e r g e r , S p r in g f i e ld . I I I .; T r e a s . a n d A s s t . S e e ..
C . M . G le a s o n , N . Y . — (V . 8 4 , p
1 5 5 1 ; V . 8 5 , p . 1 0 8 2 , 1 1 4 0 . 1 5 1 8 .)
CHICAGO ROCK ISLAND & PACIFIC RAILROAD.— I n c o r p o r a t e d In
I o w a o n J u ly 31 1 9 0 2 a s a n o p e r a t in g c o m p a n y , p e r p la n V . 7 5 , p 2 3 9 t o
t a k e o v e r t h e C h ic . R . I . & P a c . R a ilw a y
T h e e n tir e c a p it a l s t o c k
( $ 1 4 5 , 0 0 0 0 0 0 ) Is o w n e d b y t h e R o c k I s l a n d ( h o l d i n g ) C o m p a n y .
B O N D S .— T h e c o lla t e r a l t r u s t 4 s o f 2 0 0 2 (a u t h o r iz e d Issu e $ 7 5 ,0 0 0 ,0 0 0 )
a re s e c u r e d b y a p le d g e w ith t h e t r u s te e o f a n e q u a l a m o u n t o f th e s t o c k o f
In J u ly 1907 $ 7 0 ,0 6 7 ,7 0 0 o f t h e
th e C . R . I
& P . R a ilw a y a s a c q u i r e d .
$ 7 4 8 5 4 ,1 0 0 R a ilw a y s t o c k h a d b e e n a c q u ir e d
In 1 9 0 7 $ 1 7 ,3 6 4 ,1 8 0 o f a n
a u t h o r i z e d I s s u e o f . $ 1 8 ,5 0 0 , 0 0 0 c o l l a t e r a l t r u s t 5 s o f 1 9 1 3 h a d b e e n I s s u e d
w i t h T h e R o c k I s l a n d C o . s t o c k In p a y m e n t f o r $ 2 8 , 9 4 0 , 3 0 0 o f $ 2 9 , 0 0 0 , 0 0 0
S t . L o u is & S a n F r a n . c o m . s t o c k .
V . 7 6 , p . 1 4 0 6 . T o t a l I n c o m e In 1 9 0 6
0 7 , $ 3 ,8 7 0 ,7 8 1 ; e x p e n s e s , $ 1 ,5 9 1 : In t. o n b o n d s , $ 3 ,6 6 8 ,9 7 7 ; d lv s . t o T h e
R o c k I s la n d C o ., $ 7 5 ,0 0 0 ; b a l ., s u r . fo r y e a r , $ 1 2 5 ,2 1 4 .— (V . 8 5 . p . 1 0 0 0 .)
CHICAGO ROCK ISLAND & PACIFIC RY — (S e e
pages
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1 1 8 a n d 1 1 9 . ) — T h e s y s t e m e x t e n d s f r o m C h i c a g o . 111., v i a O m a h a ,
t o D e n v e r & C o l o r a d o S p r i n g s , C o l . a n d v i a K a n s a s C i t y , M o., t o
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C o a l C o . a n d fo r m in g w ith th e m a n d th e S o u th e r n P a c ific a t h r o u g h
t h e P a c ific C o a s t ; a ls o f r o m T u c u m c a r l, N . M ., t o M e m p h is , T e n n . ,
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F I N A N C E S — S t o c k h o l d e r s In I - e b . . 1 0 0 3 s u b s c r i b e d f o r
$ 9 , 2 2 6 , 1 1 0 , In J u l y 1 9 0 5 f o r $ 1 0 , 6 0 9 , 2 0 0 , In M a y 1 9 0 6 f o r $ 1 6 , 2 0 7 , 4 0 0 a n d
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I m p r o v e m e n ts , e q u ip m e n t , & c .
V . 8 2 , p . 4 5 2 ; V . 8 3 , p .q 3 7 9 , 8 1 7 , 1 0 9 8 .
N e w t e r m i n a l s In C h i c a g o t o c o s t $ 2 0 , 0 0 0 , 0 0 0 .
V . 8 3 , p . 8 9 0 , 1036, \ . 8 4 ,
p . 157; V . 8 5 , p . 658.
,
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a g a i n s t $ 4 6 , 0 1 4 , 7 1 0 In 1 9 0 6 7 ; n e t . $ 1 3 , 4 6 8 , 9 0 0 , a g a i n s t $ 1 5 , 4 0 4 , 9 8 7 .
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R e p o r t f o r 1 9 0 6 -0 7 a t le n g t h In V . 8 5 , p . 6 5 1 , 6 5 7 ; e d i t o r i a l p . 6 9 2
Y e a r s e n d in g J u n e 3 0 — 1 9 0 0 - 0 7 .
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a n t b e in g d e s c r i b e d In " S u p p l e m e n t ” o f M a y 1 8 9 4 .
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b o n d s o f 1 8 7 9 $ 5 , 4 8 8 , 0 0 0 a r e 6 s ; t h e s i n k i n g f u n d Is a t l e a s t 1 % o f o u t
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t h e a m o u n t o u t s t a n d i n g h a s b e e n r e d u c e d f r o m $ 1 5 , 0 0 0 , 0 0 0 t o t h e f i g u r e in
ta b le .
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[VOL. LXXXVI.
RAILWAY STOCKS AND BONDS.
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p a l, W h e n t D u e
S to c k s — L a s t
D iv id e n d
D e c 1 1916
S e p t-O c t 1908
S e p t 1 1908
M ch 1 1009
M ch 1 1910
M a y 1 1921
J u ly 1 1924
M ch 1 1925
F eb
1 1929
M a y 1 1911
O ct 1 1922
O ct
l 1929
M a y 1 1933
N o v 1 1909
A p r 15 1921
A u g 15 1926
N o v 1 1987
N o v 1 1987
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1920
1926
1936
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1935
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k $ 2 0 2 ,5 0 0 ;
C H IC AG O R OCK ISL A N D & PACIFIC R Y
(C o n c lu d e d ) .
M in n ., a n d W a t e r t o w n , S . D . , w ith n u m e r o u s b r a n c h e s , v iz .:
M i l e a g e le a se d —
M ile s.
M ile a g e ow ned —
M ile s.
162
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47
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c o n s t r u c tio n J u n e 30 1 9 0 7 ..8 .1 1 7
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B r a n c h fr o m L ittle R o c k , A r k ., s o u th e a s t t o C r o s s e tt, w it h b r a n c h t o
E l d o r a d o , 1 44 m ile s , w a s c o m p le t e d J a n . 1 9 0 7 u n d e r c h a r t e r o f I t . I . A r k .
& L o r d s la n a R R . , c o n n e c t i n g w it h t h e lin e f r o m E l d o r a d o , A r k . , t o W l n n f i c l d , L a . , 1 0 0 m . , a c q u i r e d In S e p t . 1 9 0 5 ; e x t e n s i o n b e i n g b u i l t f r o m W l n n fle U l t o A l e x a n d r i a , L a . , 4 4 / 3 n r .; a l s o o n e o p e n e d F e b . 1 9 0 8 f r o m A l e x
a n d r ia t o E u n ic e , A l a ., 55 m ile s , a t a c o n n e c t io n w ith S t . L . & S a n F r a n ,
l i n e , n o w b u i l d i n g . T h e r o a d Is l e a s e d f o r 9 9 9 y e a r s . T h e c h a r t e r p e r m i t s t h e
c o n s t r u c t i o n o f a t h r o u g h lin e f r o m L i t t l e R o c k t o N e w O r l e a n s .
Sec
V . 8 1 , p . 1 5 5 1 ; V . 8 2 , p . 9 9 , 8 7 0 , a n d b o n d s b e lo w ; a ls o R o c k I s la n d C o .
T h e R o c k I s l a n d I n t e r e s t s In A p r i l 1 9 0 6 a c q u i r e d a h a l f I n t e r e s t In t h e
T r i n it y & B r a z o s V a lle y R y . , o w n in g a lin e fr o m C le b u r n e t o H o u s t o n , T e x . ,
2 3 6 m ile s , w it h b r a n c h t o W a x a h a t c i d e , 7 0 m ile s , a n d t r a c k a g e r ig h t s fr o m
C le b u r n e t o F o r t S m it h , W a x a h a t c h l e , t o D a lla s a n d H o u s t o n t o G a lv e s t o n .
V . 82, p. 870.
H I S T O R Y — A c o n s o lid a t io n J u n e 2 1880 w it h $ 5 0 ,0 0 0 ,0 0 0 s t o c k
In J u ly 1 9 0 7 $ 7 0 ,0 0 7 ,7 0 0 o f t h e $ 7 1 ,8 5 4 ,1 0 0 c a p i t a l s t o c k h a d b e e n d e
p o s ite d p e r p la n V . 7 5 , p . 2 3 9 , e a c h $10 0 s t o c k b e in g e x c h a n g e d fo r th e f o l
lo w in g s e c u r it ie s :
$ 1 0 0 In 1 0 0 - y e a r 4 % g o l d b o n d s o f t h e C l d c . R . I . &
P a c . R a ilr o a d ( o f I o w a ) a n d $ 7 0 p r e f . a n d $ 1 0 0 c o m . s t o c k - o f t h e " R o c k
Is la n d C o m p a n y ” ( o f N e w J e r s e y ), w h ic h o w n s th e e n t ir e c a p it a l s t o c k o f
t h e R a ilr o a d c o m p a n y .
S e e s ta t e m e n t s fo r th o s e c o m p a n ie s .
I n A u g . 1 9 0 7 t h e C l d c . R . I . & P a c . s o l d t h e m a j o r i t y h o l d i n g s In t h e C h i c .
& A l t o n a c q u i r e d In 1 9 0 4 t o t h e T o l e d o S t . L o u i s & W e s t e r n .
V . 85, p. 468.
In 1902 m o s t o f t h e s t o c k o f t h e B u r lin g t o n C e d a r R a p i d s & N o r . a n d
R o c k Isl & P e o r i a w a s a c q u i r e d , a n d t h e ir r o a d s le a s e d fr o m J u n e 1 a n d
s u b s e q u e n t ly d e e d e d t o th e C . R . I . & P .
V . 7 4 , p . 1194. 1250.
D I V ID ’S 1
'9 7 . '9 8 . '9 9 t o '0 2 . ’ 0 3 . ’ 0 4 . ’ 0 5 . ’ 0 6 . ’ 0 7 .
1908.
s in c e 1 8 9 6 . . / %
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7 /4 8 /4 6 /4
6
5 /4 I n c l . A p r . , 2 / 4
In 1 9 0 6 J a n ., 1 /4 % fr o m e a r n in g s o f fiv e m o s .; A p r il, 1 / 4 % ; J u ly , 1 % ;
O c t . 2 % ; 1 9 0 7 , J a n ., 1 % ; A p r il, 1 / 4 % ; J u ly , 1 % ; O c t ., 1 /4 % ; 1 9 0 8 , J a n .,
1 ^ p e d a l 'd / s t i l i t u 't l o i i s t o s t o c k h o l d e r s , I n c l u d i n g
$1 6 3 p e r s h a r e J u n e
17
1 9 0 5 , see V . 8 0 , p . 2 3 9 8 .
B O N D S — O f th e g e n e ra l 4 s o f 1898 th o s e u n is s u e d a r c a v a ila b le as fo l
l o w s : $ 2 3 , 9 0 0 , 0 0 0 a t n o t o v e r $ 1 , 0 0 0 ,0 0 0 p e r a n n u m f o r p e r m a n e n t I m p r o v e
m e n t s a n d a d d i t i o n s , ln c l. e q u i p m e n t , a n d $ 1 2 ,o 0 0 .0 0 0 t o i c t l i e t h e fir s t 6 s
o f 1917
M tg e
A b s t r a c t I n V . 6 6 , p . .> 2 2 ; V . 7 8 . p . 2 2 8 , v . 8 0 , p . 4 7 2 .
T h e c o lla t e r a l t r u s t g o ld 4 s o f 1902 ($ 2 4 ,0 0 0 ,0 0 0 a u t h o r iz e d ) a re s e c u r e d
b y d e p o s i t o f a ll s t o c k o f C h o c . O k l a . & G u lf R R . V . 7 4 , p 7 7 5 , 8 2 9 . 9 3 6 , 1 3 5 6
T h e refunding 4 % b o n d s o f 1 9 0 4 ( $ 1 6 3 , 0 0 0 , 0 0 0 a u t h o r i z e d I s s u e ) a r e a
fir s t lie n ( e i t h e r d r e c t l y o r t h r o u g h p l e d g e o f t h e e n t ir e Is s u e s o f b o n d s o f
t h e c o m p a n i e s o w n i n g t h e s a m e ) o n t e r m i n a l p r o p e r t y In S t . 1 a u l a n d
M in n e a p o lis , n e w
e q u i p m e n t a n d s h o p s a t M o l i n e , 111., a n d o n r a i l
w a y l i n e s a g g r e g a t i n g 1 ,1 4 8 m i l e s ; a l s o a J u n i o r l i e n s u b j e c t t o e x i s t i n g
m o r t g a g e s o n a l l t h e o t h e r l i n e s o f t h e s y s t e m o f the Railway c o m p a n y , a g
g r e g a t i n g , e x c l u s i v e o f le a s e d lin e s a n d t r a c k a g e , ,5 ,6 4 1 m il e s .
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F in a n c e s b e lo w ; a ls o " C h r o n i c l e " o f J a n
- 8 1 9 0 .) , a n d f u l l s t a t e m e n t In
V . 78, p . 228, 2 3 4 ; V . 7 9, p . 1716, 2206; V . 8 4, p . 210, V . 8 o, p . 98.
I s s u a b le fo r t h w it h ( c o m p a r e " G e n e r a l F in a n c e s ” b e l o w ) . . . . . . $ 1 5 .0 0 0 ,0 0 0
I s s u e d o r I s s u a b le t o a n a m o u n t e q u a l t o t h e v a l u e o f b o n d s s o
Issu e d , t o a c q u ir e p r o p e r t y , In c lu d in g s t o c k s a n d b o n d s .—
2 5 ,0 0 0 .0 0 0
R e s e r v e d t o r e t i r e a t o r b e f o r e m a t u r i t y a l l b o n d s o f t h e railway
s y s t e m fa llin g d u e w it h in t h e n e x t 30 y e a r s (n o n e o f s u c h
u n d e r l y i n g b o n d s t o b e e x t e n d e d ) , a l s o t o a c q u i r e $ 2 o , 9 0 0 ,0 0 0
g e n e r a l 4 s o f 1 8 9 8 , I s s u a b le f o r I m p r o v e m e n t s , v iz .
B o n d s to B e T a k e n U p —
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.
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C h ic a g o R o c k Is la n d & P a c ific R y . g e n . m t g e . 4s
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( a ) T o r e t i r e a t m a t u r i t y 1 s t 6 s o f 1 9 1 7 — ---------- - $ 1 2 , o 0 0 , 0 0 0
(b ) A t n o t e x c e e d in g $ 1 ,0 0 0 ,0 0 0 p e r y e a r f o r a d d l t l o n s a n d I m p r o v e m e n t s . ---------- ------------------------------ 5 , 9 0 0 , 0 0 0
B u r lin g t o n C e d a r R a p i d s & N o r t h e r n R y . C o . c o n s
,
5 s , Issu ed o r h e r e a ft e r t o b e Issu e d t o r e tir e :
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1 .9 0 5 .0 0 0
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C h o c ta w O k la h o m a & G u lf R R . c o n s o l, o s
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5 ,5 0 0 0 0 0
R R . g e n e r a l m t g e . 5 s o f 1 9 1 9 ----------C h i c a g o R o c k I s l a n d & P a c . R y . g<>hl ‘{ s o f 1 9 0 2
2 2 ,4 1 0 ,0 0 0
(C h o c ta w O k la h o m a & G u lf s t o c k c o lla t e r a l). .
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6 75 n o t e s o f I ) . R . F r a n c i s , & c . , p a i d J a n . 1 1 9 0 5 . .
4 5 0 ,0 0 0
R o c k Is la n d & P e o . R y . C o . c o n s o l. M . 6s o f 1 9 2 5 ..
2 , 3 6 0 ,0 0 0
C h o c . O k la . & G u lf R R . e q u ip , tru s t c e r t ifi c a t e s ..
$ 8 2 ,0 2 5 ,0 0 0
R e s e r v e d t o p r o v id e 7 5 % o f p u r c h a s e p r ic e o f s e c u r itie s o f
jM
o t h e r c o m p a n i e s h e r e a f t e r a c q u i r e d ............... .. ......................... ................. 1 3 , 0 0 0 , 0 0 0
R e s e r v e d t o b e Issu e d a t n o t o v e r $ 2 ,5 0 0 ,0 0 0 y e a r ly fr o m J a n . 1
1 9 0 4 f o r f u t u r e I m p r o v e m e n t s a n d e q u i p m e n t ................................. 2 7 , 4 7 5 , 0 0 0
A m ., 1908. J
RAILWAY STOCKS AND BONDS
R A IL R O A D S
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C h i c R I & P a c R R — Coll t r M $ 7 5 , 0 0 0 , 0 0 0 . . C e . c * A r
C ollateral t r u s t M $ 1 8 , 5 0 0 , 0 0 0 gold r e d 1 0 2 A - C c . c *
C h ic a g o R ock Is! & P a c ific R y — S t o c k ( $ 7 5 ,0 0 0 ,0 0 0 ) .
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C o ll t r M g S e r G t o P d u e y e a r ly re d 101 A — C c .c *
R e f M $ 1 0 3 ,0 0 0 ,0 0 0 g o ld re d 1 05 t o 1 0 1 1 _ .C c c * A r
C o ll c o u p n o t e s e x t re d s e c b y R I A r k A L b d s . _C e
C e d a r R a p i d s I F & N W llr s t m t g e g o l d g u a r . - C e . c
B C R A N o r c o n s o l llr s t m o r t g a g e g o l d . . C c . c * A r
M in n e a p o lis A S t L o u is 1 st M g o ld (a s s u m e d ) _ .C e
R o c k I s l a n d & P e o r i a c o n s 1 s t M ( V 7 5 p 3 0 ) ____M p
C h o c O A G g e n e r a l ( n o w 1 s t ) M $ 5 , 5 0 0 , 0 0 0 g _____ o *
C h o c A M e m 1st M $ 3 ,7 5 0 ,0 0 0 n s s u m e d - . Q P o A r
L R o c k B r id g e 1st M a s s u m e d g o ld re d (t e x t ) G P .c *
C o n s o l m t g e ( s e e t e x t ) $ 3 ' ) , 0 0 0 , 0 0 0 g o l d ____G P . c *
C a r t r u s t S e r i e s II d u e s e m i - a n n u a l l y ___________
C a r t r u s t S e r i e s C d u e $ 2 2 0 , 0 0 0 y e a r l y ________ G P
R o c k I s l A r k & L o u i s 1 s t M $ 1 5 , 0 0 0 0 0 0 g o l d _____ B a
R o c k I s l a n d - ’ F r l s c o T e r m 1 s t M g g u a r J o i n t l y ____e *
P e o r i a R y T e r m 1 s t m t g e g o l d g u a r j o i n t l y r e d . IC
E q u i p m e n t n o t e s d u e $ 3 2 5 0 0 0 s e m i - a n n u a l l y ____B a
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C h i c a g o S t P a u l M in n & O m a h a — C o m m o n s t o c l c .
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u r y , $ 2 0 ,4 0 0 ,0 0 0 fo r a c q u is it io n o f p r o p e r t y o r s e c u r itie s a n d $ 1 6 ,5 0 0 ,0 0 0
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p r o v e m e n ts a n d a c q u is it io n s o f o t h e r p r o p e r t ie s o r s e c u r it ie s , a s p r e s c r ib e d
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V.
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p. 228.
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C h ic a g o A A l t o n , a r e s u b j e c t t o c a ll a t 10 2 A a ft e r 1 0 y e a r s .
V . 8 5 , p . 159
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A s t o C o n s o l. I n d ia n a C o a l 5 s, In te re s t g u a r ., se e V . 8 0 , p . 2 4 0 1 , 2 6 2 3
fo r m o f g u a r a n ty , V . 8 2 , p . 1 49 9.
R o c k I s la n d -F r is c o T e r m in a l R y . 5s
g u a r a n t e e d J o in tly , V . 8 4 , p . 5 6 9 , 7 4 8 .
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V . 8 2 , p . 8 0 3 , 101; V . 8 6 , p . 602.
In F e b . 1007 $ 6 ,5 0 0 ,0 0 0 A A % e q u ip , n o t e s w e r e s o ld .
V . 84, p. 338.
L A T E S T E A R N I N G S .— / 1 9 0 7 - 0 8 . .G r o s s , $ 4 1 ,0 4 5 ,8 9 2 ; n e t , $ 1 0 ,2 1 8 ,1 3 4
m o s ., J u ly 1 t o F e b . 2 9 .1 1 9 0 6 0 7 . . G r o s s , 3 0 ,3 7 3 ,4 5 8 ; n e t ,
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p a id O c t . 1, $ 1 ,3 0 9 ,9 1 0 ; b a l ., s u r ., $ 1 ,8 4 1 ,1 2 9 : a d l v . o f 1 % w a s a ls o p a id
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c a ™ l n £ s - ......................... $ 1 9 , 1 9 4 , 2 7 8
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7 4 5 ,1 8 2
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T axes
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B a la n c e ........................... $4,633,789
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$56 ,487
$43,138
O F F I C E R S .— Chairm an o f B o a rd , D . G . R e id ; C h airm an o f E x e cu tiv e
C o m m itte e , B . F . Y o a k u m ; P residen t, B . L . W ln ch e ll; V ice -P re sid e n t, R .A .
J a ck son ; A sst. S ec. and A sst. T r c a s ., G eo. T . B og gs; 2d V lc e -P r e s ., H . U .
M udge; 3d V lc e -P r e s ., W . B . B iddle; 4th V lc e -P r e s ., C. YV. H illard ; 5th
V lc e -P r e s ., E . L . P o llo ck ; S ec. an d T r c a s ., G eorge H . C ro s b y . N . Y . O f
fice, 115 B r o a d w a y .— (V . 80. p. 107, 228, 336 , 420, 002.)
CHICAGO
ST.
PAUL MINNEAPOLIS & OMAHA RY. —
(S e e M a p C h i
ca g o ds N o r th W e s t e r n .) — R O A D . — E lr o y , YVls., to O m a h a, N e b ., 593 m iles;
o t h e r lines, 1,118 m.,* total J u ly 1 1007, 1,711 m iles, o f w h ich 1,642 are
ow n ed and 69 miles leased.
V . 69, p. 1147.
E x te n sio n fro m N ew
C astle, N e b ., to YVynot, 18 m iles, w as o p e n e d O ct. 28 1907.
H I S T O R Y .— This was a co n so lid a tio n J u ly 1880 o f the C h ica go S t. P aul
& M in neapolis, the N orth W isconsin and the S t. P aul A S io u x C ity
In N o v e m b e r 1883 C h icago A N orth W estern R y . p u rch ased c o n tr o l,
v iz ., $9,3 2 0 ,0 0 0 c om m on and $ 5 ,380,000 preferred.
S T O C K .— A u th orized c o m m o n , $21 ,4 0 3 ,2 9 3 ; p referred , $12 ,6 4 6 ,8 3 3 .
H eld b y the c o m p a n y Jun e 30 1907, co m m o n s to c k and s crip , $ 2 ,8 4 4 ,2 0 7 '
preferred s tock and scrip , $ 1 ,386,921 .
P referred s to c k has a prior rig h t
t o n o n -c u m . d ivid en d o f 7 % , b u t c o m . Is n ever to re ce ive m ore than pref.
D I V S .— 1 ’ 0 3 -’ 06. ’ 97. ’ 9 8 .. 99. ’ 00. ’ 01. ’ 02. ’ 03. ’04. ’ 0 5 -’ 07.
1908.
C om . . . % } N on e.
2
2
3 A
5
5
8
6
6 7 y ’ ly . F e b . , 3 U
P r e f — ) ------ — >
------------7 p er ann um (3 A F . & A . ) ---------------------------------------. B O N D S . —i T 1! 01*"0 a r e 5 7 5 , 0 0 0 M i n n e a p o l i s E a s t e r n 1 s t M . g u a r . 7 s d u o
J a n . 1 1 9 0 9 ; $1 ,o 0 0 ,0 0 0 S u p e r io r S h o r t L in e R y . b o n d s a r c o w n e d .
C h ic a g o
S t . P a u l A M in n e a p o lis 1st 6 s . d u e 1 9 1 8 , a n d N o r t h W i s c o n s i n 1 s t 6 s , d u e
1 9 3 0 , a re e x c h a n g e a b le a t o p t io n o f h o ld e r a t a n y t im e , d o lla r fo r d o lla r , fo r
c o n s o l. 6s o f 1 8 8 0 , d u e 1 9 3 0 .
V . 68, p. 521; V . 7 7, p. 2389.
L A T E S T E A R N I N G S . — F r o m J u l y 1 t o F e b . 2 9 ,| a s r e p o r t e d t o I n t e r
S ta te C o m m e r c e C o m m is s io n
(8 m o s . ) . g r o s s , $ 9 , 0 5 5 , 6 7 5
in 1 9 0 7 - 0 8
a g a in s t $ 9 ,5 4 7 ,0 9 1 hi 1 9 0 6 -0 7 ; n e t , $ 3 ,0 1 7 ,0 0 3 .
F o r 6 m o s ., e n d in g D e c ’
31 1 9 0 7 , n e t , $ 2 ,0 3 8 ,1 1 3 , a g a in s t $ 2 ,5 2 4 ,5 2 3 ; m ts c . I n c o m e , $ 8 1 ,0 7 2 ; c h g s ’
$ 8 4 4 7 2 3 ; d i v i d e n d s (3 A % ) , $ 1 , 0 4 3 , 4 5 5 ; b a l . , s u r . , $ 2 3 1 , 0 0 7 .
’
R E P O R T .— Y e a r en d s J u n e 3 0 .
R e p o r t fo r 1 9 0 6 -0 7 , V . 8 5 , p . 7 1 7 .
„
,
1 9 0 6 -0 7 .
1 9 0 5 -0 6 .
1 9 0 4 -0 5 .
G r o s s e a r n i n g s .................. .....................................$ 1 4 , 0 3 5 , 3 0 9 $ 1 2 , 9 4 3 , 7 5 0 $ 1 1 , 9 2 6 , 0 0 0
O p e r a t i n g e x p e n s e s a n d t a x e s ................
9 ,6 1 2 ,9 9 3
8 ,3 1 0 ,9 4 5
7 ,6 7 6 5 2 8
N e t e a r n i n g s ............................. $ 4 , 4 2 2 , 3 1 6
N e t r e n t a l s p a i d . ...............................................
$ 1 2 2 ,5 2 7
N e t I n t. o n d e b t (le s s o t h e r I n c o m e ) . .
1 ,4 5 6 , 5 5 5
D iv id e n d o n p r e fe r r e d s t o c k (7 % ) . .
7 8 7 ,9 7 6
D iv id e n d o n c o m m o n s t o c k (7 % ). . .
1 ,2 0 8 , 0 1 6
A p p r o p r i a t i o n f o r I m p r o v e m e n t s .......................................
$ 4 ,6 3 2 ,8 0 6
$ 1 2 3 ,4 9 9
1 ,4 9 1 ,1 6 6
7 8 7 ,9 7 6
1 ,2 9 8 ,8 8 5
6 0 0 ,0 0 0
$ 4 ,2 4 9 ,4 7 2
$ 1 2 4 ,2 7 6
1 ,4 8 4 ,0 6 6
7 8 7 ,9 7 6
1 ,2 9 8 ,8 8 5
4 0 0 ,0 0 0
S u r p l u s o f R R . C o .........................................
$ 7 5 6 ,3 4 1
N e t f r o m l a n d s a l e s .........................................
$ 6 7 ,3 7 9
— ( V . 8 5 , p . 1 0 8 2 , 1 5 1 8 ; V . 8 6 , p . 6 6 8 , 7 9 4 .)
$ 3 3 1 ,2 8 0
$ 7 6 ,1 4 2
$ 1 5 4 ,2 6 9
$ 7 1 ,1 9 7
CHICAGO
SOUTHERN
R Y .— S ee S o u th e rn I n d ia n a R y .
C H I C A G O S U B W A Y C O . — I n c o r p o r a t e d I n N e w J e r s e y N o v . 21 1 9 0 4
a n d Is t h e h o l d e r o f o v e r 9 9 A % o f t h e $ 3 0 , 0 0 0 , 0 0 0 a u t h o r i z e d a n d o u t
s t a n d in g s t o c k o f th e I llin o is T u n n e l C o . a n d o f t h e s t o c k s o f t h e I llin o is
t e le p h o n e C o n s t r u c t io n C o . a n d th e C h lc a g o S W a r e h o u s e & T e r m in a l C o . 44
T h e Illin o is T u n n e l C o . h a d c o m p le t e d ,
M a r c h 1 9 0 8 , 5 6 m ile s o f t u n n e l
e q u ip p e d w ith n a r r o w -g a u g e e le c t r ic m o t o r s a n d c a r s , d e s ig n e d f o r th e
t r a n s f e r o f f r e i g h t b e t w e e n t h e v a r i o u s r a i l r o a d t e r m i n a l s In t h e C i t y o f C h i
c a g o , a n d f r o m th e s e t e r m in a ls t o a n d f r o m t h e d o w n t o w n b u s in e s s d is t r ic t
a n d b e t w e e n b u s in e s s h o u s e s .
I t Is s t i l l e n g a g e d In d e v e l o p i n g a n d e x t e n d
in g t h e s y s t e m .
See V . 86. p . 720.
'’ N i c a u t h o r i z e d s t o c k o f t h e C h i c a g o S u b w a y C o . Is $ 5 0 0 0 0 , 0 0 0 , o f w h i c h
$ o , 0 0 0 , 0 0 0 r e m a i n s In t h e t r e a s u r y u n i s s u e d ; p a r v a l u e o f s h a r e s $ 1 0 0 .
It
h a d n o In d e b te d n e s s e x c e p t as c o v e r e d b y a s ta te m e n t o f th e In d e b te d n e s s
o f Its s u b s id ia r y c o m p a n ie s .
. . . J n ,A P,r11 1 9 0 8 It w a s a r r a n g e d t o t a k e u p t h e o u t s t a n d i n g $ 1 7 , 0 0 0 , 0 0 0
b o n d s a t 1 0 5 a n d I s s u e In t h e i r s t e a d a t 8 5 a b o u t 5 2 1 , HOO’ OOO C h i c a g o S u b w a y 4 % c o l l a t e r a l t r u s t b o n d s s e c u r e d b y d e p o s i t o f
i* 1® .,,V il n n c Ji
Is ’ t l l c s t o c l< ° f t h e T u n n e l C o . a n d b y o t h e r p r o p e r t y ,
in g t h e C h i c a g o W a r e h o u s e A T e r m in a l C o . a n d I ll in o i s T e l e p h o n e
x2 ™ tru ctIon C o.
T h e Issu e o f t h e c o l la t . t r u s t b o n d s w ill b e u n lim it e d .
T , n n n i t t ’ a n a m o u n t W in b e d e p o s i t e d In p l a c e o f $ 1 3 , 0 0 0 , 0 0 0 I l l i n o i s
r0 ,
V b«°rn d s a s s e c u r l t y f o r $ 9 , 5 0 0 , 0 0 0 t l o a t l n g d e b t o f t h e I l l i n o i s T u n n e l
C o.
V . 8 6 , p , 7 9 4 .— (V . 8 6 , p . 7 2 0 , 7 9 4 , 1 4 2 7 .
CHICAGO TERMINAL TRANSFER RR.— P R O P E R T Y c o n s i s t s o f
t h e r e t T L a, r »
t e r m i n a l s In c i t y S f C i n c a g o . lln e s o f r L l w a y le -u lI n g
t h e r e t o , a n d a b e l t lin e a r o u n d t h e c i t y .
C o m p a n y o w n s 7 6 0 a c r e s o f la n d
L ' f r i n ^ d |aCein t it o t h e c ! t y , o f w h i c h 5 0 a c r e s a r e In t h e c e n t r e o f t h e b u s i n e s s
n ifia n d
,n,?
7. ’ o 0 () f e e t o f d o c k p r o p e r t y o n C h i c a g o R i v e r . N e a r l y
a l l l a n d , I n c l u d i n g t h a t u p o n w h i c h t r a c k s h a v e b e e n b u i l t , Is o w n e d In f e e
T r a c k o w n e d , 8 4 m .; le a s e s f r o m C h ic a g o J u n c t io n R y . 1 1 m . ; t r a c k a g e 7 m •
t o t a l , 101 m . ; 2 d t r a c k , 6 2 m . ; s i d i n g s , 1 1 6 m . ; t o t a l a ll t r a c k s . 2 8 1 m il e s .
’
H I S T O R Y . — A r e o r g a n i z a t i o n In J u n e 1 8 9 7 o f C h i c a g o A N o r t h e r n P a c i f i c
a n d C h i c a g o A C a l u m e t T e r m i n a l , plan V . 64, p . 888, 898.
O n A p r il 16 1 9 0 7 th e lo w e r c o u f „ g r a n t e d th e p e t it io n o f th e B a lt . A O h io
f o r p e r m i s s i o n t o p a y olT t h e $ 1 5 , 1 4 0 , 0 0 0 f i r s t m o r t g a g e b o n d s , w h i c h w e r e
c a lle d f o r p a y m e n t o n M a y 3 1 9 0 7 , th e h o ld e r s t o r e c e iv e th e a m o u n t fo u n d
t o b e d u e u n d e r th e d e c r e e w ith In te re s t fr o m th e d a t e o f th e la t t e r (F e b . 2 0
1J07) to M ay 3.
T h e fo r e c lo s u r e s a le , w h ic h h a d b e e n s e t fo r M a y 3 1 9 0 7 ,
w a s e n jo in e d t o e n a b le th e s to c k h o ld e r s to te st th e v a lid it y o f th e B . A O .
le a s e .
V . 8 4, p . 9 30, 867, 1182; V . 8 5, p . 921; V . 8 6. p . 479.
, _ t j l c °J ? t l ° ? o f t h e B . A O . o n t h e m i n o r i t y n r e f . s t o c k e x p i r e d D e c . 3 1
1907.
V . 8 5 , n . 4 0 5 , 8 6 3 , 1 2 0 9 ; V . 8 6 , o . 52 1 0 7 .
. I p S e p t ’ o1 0 P 7 P , a n s w e r e b e i n g w o r k e d o u t f o r t h e J o i n t u s e o f p r o p e r t y
b y th e B . A O . a n d C h ic. B u r l. A Q u in c y .
V . 85 p . 722
M in o r it y s t o c k h o ld e r s ’ c o m m it t e e (G e o . I . M a lc o m . C h a ir m a n ; H . S .
M o t t , S e c .) .r e p r e s e n t s a b o u t $ 6 ,4 0 0 ,0 0 0 p r e f. a n d $ 1 ,8 0 0 ,0 0 0 c o m . s t o c k ,
V . 84, p . 867; V . 85, p. 405, 1209; V . 86, p . 52, 107, 479.
O n M a y 14 1 9 0 6 $ 3 , 5 0 0 , 0 0 0 o f r e c e i v e r s ’ g o l d c e r t i f i c a t e s w e r e a u t h o r i z e d
t o p r o v d e f o r e le v a t io n o f t r a c k s : $ 2 0 0 ,0 0 0 Issu e d t o D e c . 1 9 0 7 .
T h e y a re
t o b e a H en p r io r t o m t g e . o f 1 8 9 7 a n d p a y a b le o n d e m a n d .
V . 82, p. 1155.
T E N A N T S .— B a lt . A O h io , C h ic a g o G re a t W e s t e r n , C h ic a g o J u n c t io n ,
a r q u e t t e (t h e la s t n a m e d s in c e D e c . 1 9 0 3 ) .
See V . 7 7, p . 948, 2158;
*• ™ ’ P M in im u m r e n t a ls r e c e iv a b le fr o m jt e n a n t s a m o u n t t o $ 5 1 3 ,
5 0 0 a n n u a lly .
See V . 79. p. 2084.
’7 E E
1T
1 3 •0 0 0 . ° 0 0 c o m . a n d
$ 1 7 ,0 0 0 ,0 0 0 4 %
nonP*
$ 1 6 ,o 0 0 ,0 0 0 5 0 -y e a r 1 st 4 s , $ 1 ,3 0 5 ,0 0 0 w e r e r e s e r v e d
t o re tire a ssu m e d b o n d s .
V . 79, p. 901.
See a b o v e .
•
L A T E S T E A R N I N G S . — J 1 9 0 7 .......................G r o s s , $ 4 4 3 , 2 7 0 ; n e t , $ 1 4 9 , 6 4 5
m o s . , J u l y 1 t o S e p t . 3 0 . 1 1 9 0 6 ________ ____ G r o s s , ___________; n e t , ___________
R E P O R T . - — R e p o r t f o r y e a r e n d i n g J u n e 3 0 1 9 0 7 , g i v e n in V . R 6 , p . 2 2 6
S
e
S
K
M
l t
S95 0 3 ie t '
,t t “
« « . » « » : In terest.
to r s F e b . 1 9 0 8 , V . 8 4 , p . 1 3 0 7 ; V . 8 6 , p . 4 7 9 .— (V . 8 6 , p
2 2 6 ,4 7 9 .)
CHICAGO
& YVESTERN INDIANA RR.— O w n s a v a l u a b l e t e r m l n a
s y s te m o f ro a d s a ffo r d in g e n tr a n c e In to C h ic a g o t o th e r o a d s n a m e d b e l o w
I t s lin e s e x t e n d f r o m D e a r b o r n S t a t i o n , F o lk S t . , C h ic a g o , t o D o lt o n , 1 7 m .:
a ls o t o I n d ia n a S t a te lin e , 10 m ., t o C r a g ln , 16 m ., a h d t o S o u th C h ic a g o , 5
m .; t o t a l, 48 m .; to ta l tr a c k . I n c lu d in g 2 d . 3 d , 4 th tra ck s a n d s id in g s , 2 6 0
m .; a ls o o w n s o v e r 1 ,2 0 0 a c r e s o f r e a l e s t a t e , p a s s e n g e r a n d f r e ig h t y a r d s ,
w a r e h o u s e s , e le v a t o r s , A c .
T h e B e lt R y . o f C h ic a g o le a s e s a n d o p e r a t e s
110 m ile s o f t h e 3 0 0 m ile s o w n e d b y t h e C h . A W . I . , its s e c u r it ie s b e in g a ll
h e ld b y th e c o m p a n ie s le a s in g th e C h ic a g o A W . I .; se e V . 6 0 , p . 1 0 5 8 .
L E A S E S . — T h is c o m p a n y ’ s r o a d a n d t e r m i n a l s a r e le a s e d u n d e r p e r
p e tu a l c o n t r a c t s t o th e W a b a s h , th e G ra n d T r u n k W e s t ., th e C h ic a g o A
E a s te rn I llin o is , th e C h ic a g o A E r ic a n d th e C h ic a g o I n d ia n a p o lis A L o u is
v ille , e a c h o f w h ic h fiv e c o m p a n ie s o w n s $ 1 ,0 0 0 ,0 0 0 s t o c k .
T h e y a r e a ls o
le a s e d t o th e A t c h is o n , th e E lg in J o lie t A E a s te r n a n d B e lt R y .
Annual
r e n t a l m u s t a lw a y s e x c e e d a t le a s t 2 0 % In t. o n b o n d s o u t s t .
V . 78, p. 819.
D I V I D E N D S .—
F 95.
P e r c e n t ----------- ------------------- J7 A
’96.
6
’97.
6
’ 98.
6
’99.
6
’00 t o ’07.
1908.
6 y e a r ly . I n c l .A p r .,3
B O N D S . — T h e g e n e r a l m o r t g a g e b o n d s a r e d r a w n a t 1 0 5 a n d in t e r e s t In
s u c h a n n u a l a m o u n t s a s w ill r e t ir e t h e d e b t b y m a t u r it y .
O f th o c o n s o l. 4s o f 1 9 0 2 (a u t h . Issu e $ 5 0 ,0 0 0 ,0 0 0 ), $ 1 3 ,9 6 6 ,0 0 0 h a s b e e n
s o ld o n a c c o u n t o f t r a c k e le v a t io n a n d o t h e r I m p r ’ ts , $ 5 ,9 4 9 ,0 0 0 a d d it io n a l
w e re u se d t o r e fu n d b o n d s c a n c e le d b y o p e r a tio n o f th e s in k in g fu n d $8 4 2 0 ,0 0 0
a re r e s e r v e d t o r e tir e u n d e r ly in g b o n d s a n d $ 2 1 ,6 6 5 ,0 0 0 f o r fu t u r e
a d d i t i o n s w p i a l t o a t ^1c a s t t h e p a r v a l u e o f t h e b o n d s I s s u e d .
V . 75, p.
I n J a n - 1 9 0 7 $ 8 ,0 0 0 ,0 0 0 3 -y e a r 5 % n o t e s w e r e s o ld , s e c u r e d b y d e p o s it
o f $ 1 0 ,0 0 0 ,0 0 0 c o n s o l. 4 s .
V . 84, p. 220.
*
P
A N N U A L R E P O R T . — F is c a l y e a r e n d s D e c . 3 1 .
R e p o r t f o r 1 9 0 6 w a s in
V . 8 5 , p . 1 5 4 . I n 1 9 0 7 , g r o s s I n c o m e . $ 2 ,1 0 8 ,8 0 6 ; I n te r e s t, A c ., $ 1 ,7 7 8 7 4 8 '
d l v s ., $ 3 0 0 ,0 0 0 ; b a l ., s u r ., $ 3 0 ,0 5 7 . — (V . 8 5 ,
1 3 3 8 ; V . 8 6 . p . 4 2 0 .)
’
CHIHUAHUA & PACIFIC RR.— C o m p l e t e d A p r i l 1 9 0 0 f r o m C h i h u a h u a
M c x ., t o M ln a c a , l 2 o m ile s .
E x t e n s io n fr o m E l C a r p lo J e t . t o T e m o s a c h ic
M e x ., 5 5 m ile s , w a s o p e n e d O c t . 1 9 0 5 .
S e e K a n s a s C ity M e x ic o A O rle n
•
[VOL. LXXXV1.
RAILWAY STOCKS AND BONDS.
40
IN T E R E S T
R A IL R O A D S
F o r e x p l a n a t i o n o f c o lu m n h e a d in g s , & c . , s e e n o t e s
o n f i r s t p a g e o f tab les
M ile s
of
R oad
C h ic a g o S iu th e r n — S ee S o u th e r n I n d ia n a
C h i c a g o S u b — 111 T 1 s t M * 3 0 , 0 0 0 . 0 0 0 g r e d 1 0 5 ----------C o l l a t e r a l t r u s t m o r t g a g e ---------------------------------------------------C h i c a g o D o c k M a s s u m e d r e d 1 0 5 (V 6 8 p 3 3 3 ) -------N o t e s s e c u r e d b y 2 d M C h ic D o c k d u e $ 3 3 3 ,7 5 0 y r l y
C h i c a g o T e r m T r a n RR — C h & G t VV 1 s t M g a s s ’ d - . c *
C ity o f C h ic a g o p u rch a s e m o n e y m o r tg a g e a ssu m e d
R e c e iv e r ’s c e r t ific a t e s $ 3 ,5 0 0 ,0 0 0 a u t h o r iz e d g o l d . .
C h l c T e r T r 1 s t M $ 1 5 ,1 4 0 ,0 0 0 p a i d b y B & O O c t ’0 7
C h i c a g o & W e s t e r n I n d i a n a — S t o c k ( s e e t e x t ) ..................
G e n e ra l m o r t g a g e g o ld s in k fu n d s u b j t o c a ll 1 0 5 .c *
C o n s o lid a t e d m o r t g a g e $ 5 0 ,0 0 0 ,0 0 0 g o l d — I C .c * & t
C o l la t e r a l n o t e s s e c u r e d b y b o n d s r e d e e m p a r — IC
C h ic a g o & W e s t M ich ig a n — S ee P e re M a rq u e tte R R
C h ic a g o W is c o n s in & M in n e s o ta — S ee W is c o n s in C e n t
C h i h u a h u a & P a c i f i c — F i r s t M $ 2 , 0 0 0 , 0 0 0 g o l d ____M a
C h o c t a w & M e m p h is — S e e C h ic R o c k Is la n d & P a c R y
C h o c t a w O k l a & G u l f RR — S e e C h i c R o c k I Sc P a c R y
C in c in n a t i B lu ff to n & C h ic a g o — 1 st M $ 1 ,5 0 0 ,0 0 0 g . c *
C in c in n a t i D a y t o n & I r o n t o n — S e e C ln cln H a m & D a y
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f r o m H u n t i n g t o n t o U n io n C i t y , I n d . , 7 5 m . , o f w h ic h B l u f f t o n t o H u n t i n g
ton
52 m ., c o m p le t e d ; c o n s t r u c tio n o f r e m a in d e r w a s t o b e b e g u n A p r il
1908.
V . 84, p. 1182.
O n M a r c h 14 1 0 0 8 J o h n C . C u r t is w a s a p p o i n t e d
t e m p o r a r y r e c e iv e r , b u t e x p e c te d s h o r t ly t o b e d is c h a r g e d .
V . 86, p. 720.
S t o c k , $ 1 ,1 2 5 ,0 0 0 , a ll o f o n e c la s s , I s s u a b le a t $ 1 5 ,0 0 0 p e r m ile ; p a r o f
sh a res. $100 e a ch .
B o n d s , see ta b le a b o v e .
V . 84, p. 440, 500.
F or year
e n d in g D e c . 3 1 1 9 0 7 , g r o s s , $ 8 1 ,6 1 4 ; n e t , $ 4 5 ,5 6 4 ; In t. a n d t a x e s , $ 3 2 ,3 0 0 ;
b a l ., s u r ., $ 1 4 ,2 6 4 .
F o r y e a r e n d in g D e c . 31 1 9 0 6 , g r o s s . $ 3 0 ,6 3 7 : n e t ,
$ 7 ,4 6 3 ; o t h e r I n c o m e , $ 3 ,7 4 8 ; In te re s t a n d t a x e s , $ 1 2 ,9 5 8 ; b a l ., d e f ., $ 1 .7 4 7 .
P r e s ., S . H . B r a c e y ; S e c ., C h a rle s B la c k b u r n ; T r e a s ., W illia m G e o r g e .
O f f i c e , 1 6 0 6 T r i b u n e B l d g . , C h i c a g o , 111.— ( V . 8 4 , p . 4 4 9 , 5 0 9 , 1 1 8 2 ;
V . 8 5 , p . 9 2 1 , 1 5 7 6 ; V . 8 6 , p . 7 2 0 .)
CINCINNATI FINDLAY & FORT WAYNE RY.— O w n s i F i n d l a y , O ' . . t o
F t . W a y n e , I n d . , 8 0 m ; a ls o c o n n e c t in g lin k w it h t h e C ln . H a m . & D . n o m
D e lp h o s t o M a n d a l e , 12 m . , c o m p l e t e d O c t
15 1 9 0 4 .
V . 77 p. 8 8 , 0J1.
L e a s e d t o C ln . H a m . & D . fo r 9 9 y e a r s fr o m N o v . 1 1 9 0 3 . w it h p r iv ile g e o f
r e n e w a l fo r lik e p e r io d s fo r e v e r .
V . 78, p
286.
S t o c k , $ 1 ,2 5 0 ,0 0 0 , a ll
o w n e d b y t h e C l n . H a m . Sc D . . w h i c h g u a r a n t e e s b o n d s , p r i n . a n d I n t e r e s t .
M t g e . Is l i m i t e d b y s p e c i a l a g r e e m e n t t o $ 1 , 1 . > 0 , 0 0 0 , o r a b o u t $ 1 2 , 5 0 0 p e r
m ile .
B o n d s a re s u b je c t t o c a ll a t 1 02J4 a n d In te re st.
W . 7 8 . p . 2 8 6 ,3 1 2 ,
701.
F o r m o f g u a r a n t y , V . 7 8 , p . 7 0 1 .— ( V . 7 9 , p . 2 6 9 6 .)
CIN. GEORGETOWN & P O R T S . R R — S e e “ E l e c t r i c R a i l w a y S e c t i o n . ”
R Y .— T h e sy ste m
I n c lu d e s :.
R o a d o w n e d — ( * S e e t h is C o . ) M i l e s , c , ™
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8
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D a y t o n & M i c h i g a n ------------------------- a 1 4 2
C ln cln . F in d . & F t . W a y n e . . . a01
H o m e A v e . R R --------------------------------6
T o t a l o f a l l ............................................ 1 ,0 3 8
* S ee sep a ra te sta te m e n ts.
____
H a s c o n t r o l o f t h e P e re M a r q u e t t e R R . ; a ls o o w n s D a y t o n
Sc U n i o n
j o i n t l y w it h C le v . C ln . C h ic . & S t . L . a n d j o in t l y w it h S o u th e r n R y . c o n t r o ls
C ln . N e w O rl & T e x . P a c . R y .
V . 75, p. 078.
N E W C O N T R O L , E T C . — I n S e p t . 1 9 0 5 t h e E r ie R R . a r r a n g e d t o a c q u i r e
c o n t r o l b y p u r c h a s e t h r o u g h J . P . M o r g a n Sc C o . o f a b o u t $ 5 , 0 0 0 , 0 0 0 s t o c k ,
b u t t h e o b l i g a t i o n s o f t h e C . H . & D . u n d e r le a s e s a n d o t h e r c o n t r a c t s , b e i n g
f o u n d u n d u l y h e a v y , M r . M o r g a n , In N o v . 1 9 0 5 . r e l i e v e d t h e E r i e o f I ts p u r
ch a se. V . 8 1 . p. 1600.
O n D e c . 4 1 9 0 5 J u d s o n H a r m o n o f C in cin n a ti w a s
a p p o i n t e d r e c e i v e r o f t h e C . H . Sc D . a n d P e r e M a r q u e t t e t h e f l o a t i n g d e b t
o f th e s y s te m b e in g a b o u t $ 5 ,0 0 0 ,0 0 0 .
In A p r il 1 90 6 fo r e c lo s u r e su it w a s
b ro u g h t u n d e r th e 4
% m o r t g a g e o f 1 9 0 5 a n d s t e p s . It w a s u n d e r s t o o d ,
w e re p r o p o s e d t o fo r e c lo s e 4 J ^ % n o te s o f 1 9 0 5 .
V . 82, p . 803 1040.
T h e r e c e iv e r o b t a in e d a u t h o r it y t o Issu e $93 1 6 30 r e c e iv e r ’s c e r t ific a t e s
t o p a y t h e I n t e r e s t d u e J a n . 1 1 9 0 6 o n C . H . Sc D . a n d P e r e M a r q u e t t e b o n d s ,
T h e c e r t i f i c a t e s , s u b j e c t t o c a l l a t p a r , a r e a lie n o n e n t ir e p r o p e r t i e s , r e
s p e c t i v e l y , n o m e n t i o n b e i n g m a d e In o r d e r a s t o p r i o r i t y o v e r b o n d e d d e b t .
V . 8 1, p . 1847; V . 8 2. p . 160.
T h e s a m e a m o u n t o f c e r tlflc a te s w a s Issu ed
t o p a y J u ly 1 9 0 6 c o u p o n s .
V . 83, p . 36, 969, 1033, 1551.
T h e J an . 1907
a n d la te r c o u p o n s w e re p a id fr o m e a r n in g s .
V . 8 4 , p . 101.
T h e s t o c k h o ld e r s v o t e d O c t . 8 1 9 0 7 t o c a n c e l t h e le a s e o f t h e P e r e M a r
q u e t t e r e o r g a n i z e d In D e c . 1 9 0 7 , a n d t o s e t t l e a ll q u e s t i o n s b e t w e e n t h e t w o
r o a d s b y a r b it r a t io n .
V . 85, p . 653.
C o m m i t t e e f o r R e f u n d in g 4 s o f 1 9 0 4 . — A c o m m i t t e e , J a m e s N . W a l l a c e ,
C h a ir m a n ; F r e d . C . R a n d a ll , S e c r e t a r y (C e n t r a l T r u s t C o ., d e p o s i t a r y ) ,
r e q u e s te d d e p o s its .
V . 8 1 , p . 1664.
C o m m i t t e e f o r C o lla ter a l 4
N o t e s .— J a m e s N . W a l l a c e , C h a i r m a n .
V . 8 1 , p . 1664, 1723; V . 8 2, p . 509, 568, 803.
A s t o g u a r a n ty o f In te re st o f T o le d o T e r m . R R . b o n d s , se e th a t c o m p a n y .
S T O C K .— I n 1 9 0 4 m o s t o f t h e $ 6 ,9 2 5 ,5 0 0 5 % p r e f . a n d a ll o f t h e $ 1 ,0 7 4 ,
5 00 4 % p r e f. s t o c k w a s p u r c h a s e d b y th e c o m p a n y a t $11 0 a n d $10 0 p e r
s h a r e , r e s p e c t iv e ly .
V . 7 9 , p . 7 3 3 , 7 8 6 . 9 0 2 ,1 4 6 1 . S e e n o t e s o f 190 5 b e lo w .
D I V I D E N D S s in c e c o n s o lid a t io n
N o v e m b e r 1895 to A u g . 1905.
P r e f e r r e d , I s s u e d In 1 8 9 5 ------------------------------------------- - - --------- 5 % y e a r l y .
O n c o m m o n . 2 % p a id D e c . 24 1 9 0 3 ; n o n e s in ce .
B O N D S , & c .— T h e s t o c k h o ld e r s o n J a n . 12 1 9 0 5 a u t h o r iz e d a n e w m o r t
g a g e t o s e c u r e $ 5 0 ,0 0 0 ,0 0 0 o f 4 H %
b o n d s , o f w h ic h $ 2 5 ,0 0 0 ,0 0 0 t o b e
r e s e r v e d t o r e t ir e a t o r b e f o r e m a t u r i t y a lik e a m o u n t o f e x is t in g b o n d s
s h o w n in t a b l e ( n o n e o f w h i c h e x c e p t t h e D a y t o n & M i c h i g a n b o n d s c a n
b e e x te n d e d ).
V . 7 9 , p . 2 6 9 6 ; V . 8 0 , p . 102
T h e $ 1 5 ,0 0 0 ,0 0 0 g o ld c o lla t e r a l n o t e s o f 1 9 0 5 a re s e c u r e d b y a n c q u a
a m o u n t o f c o n s o li d a t e d 4 H s , t h e g r e a t e r p a r t ($ 7 ,7 o 0 ,0 0 0 ) o f t h e p r e fe r r e d
4 % a n d 5 % s t o c k o f t h e C . H . & D . , $ 3 7 5 ,0 0 0 b o n d s o f c o n s t it u e n t c o m
p a n i e s , a n d 7 ,5 0 1 s h a r e s o f S o u t h w e s t e r n C o n s t r u c t i o n C o s t o c k , r e p r e
s e n t i n g J o in t o w n e r s h ip w t h S o u t h e r n R y . o f c o n t r o l o f C ln . N . O . & T e x a s
P a c ific R y .
P r o c e e d s u s e d c h i e f l y t o r e t i r e p r e f e r r e d s t o c k a n d p a y In p a r t
fo r co n tr o l o f P ere M a rq u e tte R R .
V . 80, p . 10o8.
In J u n e 1907 o ffe r s
o f 7 0 f l a t w e r e . I t Is r e p o r t e d , m a d e f o r b o n d s
V . 84, p
1366.
• T h e r e f u n d in g 4 s o f 1 9 0 4 c o v e r a ll t h e r o a d d i r e c t ly o w n e d , t h e le a s e s o f
th e D a y t o n & M ich ig a n a n d F in d la y F o r t W a y n e & W e s te r n , a n d a re
f u r t h e r s e c u r e d b y d e p o s i t o f $ 1 1 0 0 0 .0 0 0 P e r e M a r q u e t t e c o m m o n s t o c k a n d
$ 7 , 1 1 5 , 8 0 0 ( e n t i r e s t o c k I s s u e ) o f C i n c i n n a t i I n d i a n a p o l i s Sc W e s t e r n R R .
V . 79, p . 212; V . 8 0 , p. 162; V . 8 1 , p . 154.
S t o c k h o ld e r s v o t e d F e b . 2 1 00 8 t o a u th o r iz e a s u p p le m e n t t o th e r e
f u n d in g m o r t g a g e p r o v id i n g t h a t t h e p r in c ip a l s h a ll m a t u r e J u ly 1 1 9 1 3
a n d li m it i n g t h e a u t h o r i z e d a m o u n t t o $ 1 4 , 2 8 6 ,0 0 0 : a ls o a n Issu e o f 5 J ^ -y e a r
p u r c h a s e m o n e y 4 % g o ld n o t e s d a t e d J a n . 1 1 9 0 8 o f lik e a m o u n t t o b e I s s u e d ,
$ f o r $ , In e x c h a n g e f o r s a i d b o n d s a s p r e s e n t e d u p t o J u l y 1 5 1 9 0 8 , a n d t o
b e s e c u r e d b y d e p o s it t h e r e o f, o f w h ic h $ 2 ,7 2 8 ,0 0 0 t o b e re s e r v e d f o r r e
t i r e m e n t o f D a y t o n Sc M i c h i g a n 5 s d u e J a n . 1 1 9 1 1 .
V . 86, p . 108, 720, 856.
G U A R A N T I E S . — G u a r a n t e e s s e c u r i t i e s o f C l n . I n d . & W e s t . , D a y t o n Sc
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B o n d s , s e e t a b l e a b o v e . — ( V . 7 9 , p . 9 0 2 ; V . 8 4 , p . 0 9 3 .)
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CINCINNATI HAMILTON & DAYTON
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CINCINNATI BLUFFTON & CHICAGO RR —
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E A R N I N G S .— F o r 8 m o n th s e n d in g F e b . 29 1 9 0 8 , g r o s s , $ 5 ,6 9 4 ,0 0 3 ;
n e t , $ 8 9 6 ,7 4 7 .
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.............................................. $ 2 ,8 4 8 ,6 2 9
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O F F I C E R S .— P r e s ., F . D . U n d e r w o o d ; T r e a s ., F . M . C a r te r ; S e c .,
T h o s . J . W a ls h ; A s s t. T r e a s ., D . W . B lg o n e y ; A s s t . S e c ., D a v id B o s n ia n .
D ir e c t o r s — G e o W . P e r k i n s , F . D . U n d e r w o o d . C h a r le s S t e e l e , G e o . F .
B a k er, G eo. W . Y o u n g . N . B . R ea m an d H . F . S h oem ak er N ew Y o rk ;
C h a s . A . O tis J r . J . H . C la r k e a n d R . R . R h o d e s C l e v e l a n d , O h io ; N .
M o n s a r r a t , C o l u m b u s . O h io : W . L . D e c h a n t . M id d le t o w n , O h i o . — ( V . 8 5 ,
p . 6 5 3 , 9 2 1 , 1 0 0 3 ; V . 8 6 , p . 1 0 8 , 3 3 7 , 7 2 0 , 8 5 6 .)
CINCINNATI INDIANAPOLIS & WESTERN R R — H a m i l t o n , O .. t o
S p r in g f ie ld , 111.. 2 9 6 m ile s ; S l d e l l, I I I ., t o W e s t L i b e r t y , 7 8 m il e s ; t r a c k a g e ,
W e s t L i b e r t y t o O l n e v , 8 m il e s .
A c o n s o lid a tio n S e p t. 1902.
V . 75, p.
239, 289, 497, 732.
S t o c k a u t h o r i z e d , $ 8 , 2 0 0 ,0 0 0 ; I s s u e d , $ 7 , 1 1 5 ,8 0 0 ; a ll
o w n e d b y C . H . & D . . w h ic h r e c e iv e d d i v i d e n d s t h e r e o n In 1 9 0 2 -0 3 , $ 1 2 6 ,7 9 8 ;
In 1 9 0 3 -0 4 , $ 1 6 7 ,3 2 2 ; In 1 9 0 4 -0 5 , $ 1 5 6 ,0 9 5 .
B O N D S . — T h e " f i r s t a n d r e f u n d i n g ” 4 s o f 1 0 0 2 ($ 8 ,2 0 0 ,0 0 0 a u t h o r i z e d
Issu e) a r e g u a r a n t e e d , p r i n c ip a l a n d i n t e r e s t , b y C . H . & D . b y e n d o r s e
m e n t o n e a c h ; $ 4 , 7 2 2 ,0 0 0 w e r e I s s u e d In e x c h a n g e f o r e x i s t i n g b o n d s , o f
w h ic h $ 5 0 ,0 0 0 In t h e C l n . H a m . & D a y t o n t r e a s u r y ; $ 3 ,4 7 8 ,0 0 0 a r e r e s e r v e d
t o r e t ir e I n d . D e c . & W e s t . 5 s .
V . 7 5 , p . 12 0 1 , 1353; V . 7 7 , p . 129 0; fo rm
o f g u a ra n ty , V . 7 8 , p . 2 01 1.
. . .
, . . ...
.
■
. ,
T h e I D . & W . b o n d s a r c r e d e e m a b l e b y l o t a t 110 a t a n y t im e o n e ig h t
w e e k s ’ n o t i c e ; $ 9 3 3 ,0 0 0 a r e g u a r a n t e e d b y C ln . H a m . Sc D a y t o n .
Car
t r u s t s J u n e 1 9 0 6 , $ 1 4 0 ,0 0 0 4 % e q u i p m e n t n o t e s , d u e y e a r l y t o N o v . 1
1 91 1 I n c lu s iv e , I n t e r e s t M . & N — ( V . 7 0 , p . 2 6 9 0 .)
CINCINNATI INTER-TERMINAL RR-— O w n s a r o a d 6 m il e s In le n g t h
c o n n e c t i n g t h e C h e s a p e a k e & O h io b r i d g e a n d t h e C ln . H a m . * D a y t o n
t e r m in a ls .
C o n t r o l l e d b y C h e s a p e a k e & O h io R y .
C o m m o n s t o c k . $ 1 0 ,0 0 0
In $ 1 0 0 s h a r e s , Issu e d f o r p u r p o s e o f c o n t r o l .
T h ere w ill b e Issu e d $ 1 , 0 0 0 ,
000 o f fir s t p r e f e r r e d 4 % c u m u l a t iv e s t o c k s e c u r e d b y m o r t g a g e t o t h e
U n io n S a v in g s B a n k & T r u s t C o . o f
M t r u s t e e , a n d r e n t a ls p a i d
b y C h esapeake
O h io a n d L o u is v i ll e & N a s h v i ll e , a n d s u b j e c t t o c a ll o n
A n v In t e r e s t d a v a f t e r F e b . 1 1 9 1 5 a t 1 0 5 .
V 79, p. 212, V . 8 0. p . 1728,
2398, 2620.
R e n t a ls r e c e iv e d t o J u n e 30 1 9 0 7 , $ 4 8 ,0 0 0 ; d i v i d e n d s p a i d ,
$ 3 8 ,3 9 0 ; b a l . , s u r ., $ 9 ,6 1 0 ,
P r e s ., G e o .
n . ? VCn^ '
V ' R 0’ p ' 2620 )
C I N C I N N A T I 1 EBANON & NORTHERN RY. — O w n s C i n c i n n a t i , O . . t o
D o d d s C 3 8 m i l e s . 'I n c l u d i n g '0 m il e s f r o m L e b a n o n t o D o d d s , l e a s e d t o t h e
D a y t o n L e t ). & C ln . R R . ; M id d le t o w n J u n e , t o M id d le t o w n , O
14 m ile s
( f o r m e r M id . & C ln . R R . , t a k e n o y e r ; J a n . , 1 ^ 9 0 3 ) , _ t o t n l , : 5_2_m lles.__ S t o c k
Sc
a u th o r iz e d
a u th o r iz e d
$1 5 0 0 0 0 0 - " o u t s t a n d i n g $ 1 , 1 0 0 , 0 0 0 , m o s t l y o w n e d b y P e n n ,
*1 . s o u ; u o £
o f 3 f t p a i d In 1 9 0 6
O f t h e $1 5 0 0 0 0 0 f i r s t
c o n s o lid a t e d 4 s o f 1 9 0 2 , g u a r a n t e e d p r in c ip a l a n d in te r e s t b y t h e P e n n s y l
v a n i a C o m p a n y . $ 2 0 0 ,0 0 0 a r e r e s e r v e d t o r e t lr e t h e 5 s d u e 1 9 1 6 .
V . 77,
n Rfi
P o l v r a r 1 9 0 7 trr o s s $ 3 3 6 , 1 9 5 , n e t , $ o 5 , 7 7 5 , o t h . I n c . , $ 4 0 , 8 2 o , I n t .
S n b o n d s $6yi 6 4 0 ; a d d P s & I m p t s . , $ 1 0 , 0 2 1 ; b a l . , s u r . . $ 2 4 , 0 3 9 . - ( V . 7 7 .
P
C I N C I N N A T I & M U S K I N G U M VALLEY RR.— (S e e M a p s o f P e n n s y l ra n ia R R J — O w n s M orrow
O . t o T r l n w a y , O .. 148 m ile s ; h a lf I n te r e s t
Z a S u c c e s s o r ' A u g " f ' l 8 9 8 t o ' c i n c h i n a t l Sc M u s k i n g u m V a l l e y R t f . , f o r e c l o s e d .
V . 67. p . 27.
O f t h e b o n d s $ 2 5 0 ,0 0 0 a r e r e s e r v e d f o r fu t u r e n e e d s ; s in k in g
f u n d r e t ir e s y e a r l y 1 % o f t h o s e o u t s t a n d i n g , I f o f f e r e d a t p a r o r le s s
The
P e n n s y lv a n ia C om p a n y g u a r a n te e s th e b o n d s , p r in c ip a l a n d I n te r e s t.
S ee
fo r m o f g u a r a n ty , V . 7 6 , p . 6 5 3 .
S tock , $
V ™° « 8
b y t h e P i t t s . C l n . C h i c . Sc S t . L . R Y „V £ °L ®
to 1900.
I n c l., 2 % y e a r ly ; 1 9 0 7 .4 % .
P e n n . R R . o w n s $1 3 1 8 , 0 0 0 o f t h e $ 1 . 7 5 0 , 0 0 0
bon ds.
C a r t r u s t s , $ 8 9 ,6 0 0 3 H s , p a y a b le $ 2 2 ,4 0 0 y e a r ly t o J u n e 1 9 1 2 .
R e p o r t f o r 1 9 0 5 w a s In V . 8 2 . p . 1 4 9 4
Y r end. D ec. 3 1 —
G ro ss.
N e t In c.
In terest.
D iv id e n d s.
B a la n c e .
1907
$933 813
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$ 8 2 ,7 0 3
1906
'
8 4 5 ,3 9 6
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6 9 ,5 0 0
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P a y m e n t s In ad’ d l t l o n t o a b o v e In 1 9 0 7 w e r e $ 1 4 , 4 7 5 f o r a d d i t i o n s . I m
p r o v e m e n t s , Sec. ( a g a i n s t $ 5 0 , 7 1 9 I n 1 9 0 6 )
a n d $ 1 6 ,0 4 0 o n a c c o u n t o f
p r in c ip a l a n d I n t e r e s t .— ( V . 8 1 , p . 2 7 0 : V . 8 2 , p . 1 4 9 4 .)
CINCINNATI NEW ORLEANS & TEXAS PACIFIC RY. — ( S e e M a p j o f
S ou th ern R y . ) — O p e r a t e s C in c in n a t i S o u t h e r n R y . , o w n e d b y c i t y o f C in
c in n a t i . C in c in n a ti t o C h a t t a n o o g a , T e r m ., 3 3 6 m ile s ; t r a c k a g e , 2 m ile s .
In
J a n . 1 9 0 3 t h e e n t i r e s t o c k o f t h e H a r r l m a n Sc N o r t h e a s t e r n R y . . 2 0 m i l e s ,
w a s a c q u i r e d , b u t r o a d Is o p e r a t e d s e p a r a t e l y .
V . 77, p. 1743. •
I n 1 9 0 1 l e a s e w a s e x t e n d e d 6 0 y e a r s t o O c t 1 2 1 9 6 6 ; r e n t a l u n t i l O c t . 1*.
1 9 0 6 w a s m o d ifie d b e g in n in g J u ly 12 1 9 0 2 t o $ 1 ,0 5 0 ,0 0 0 y e a r ly , t h e r e m a in
i n g $ 5 0 ,0 0 0 p e r q u a r t e r t o b e d e f e r r e d a s I t a c c r u e s a n d t o b e p a i d q u a r t e r l y
a t r a t e o f $ 4 0 ,0 0 0 y e a r ly , w it h In t e r e s t o n d e f e r r e d p a y m e n t s a t 3 % ; r e n t a l
u n d e r r e n e w a l t o b e $ 1 ,0 5 0 ,0 0 0 y e a r ly f o r fir s t 20 y e a r s , t h e n $ 1 ,1 0 0 .0 0 0 f o r
20 y e a r s ; t h e r e a ft e r $ 1 ,2 0 0 .0 0 0 .
V . 7 3 . p .7 2 2 ; V . 7 4 , p . 1251.
P r e fe r r e d
s t o c k , 5 % c u m u la t iv e , w it h n o v o t in g p o w e r , b u t p r io r r ig h t s o n d is s o lu t io n .
V D I V I D E N D . — °O n p r e f . , 1 M
b o t h In clu s iv e .
On com m on ,
e a rn in g s t o J u n e 1 9 0 3 : S e p t. 1
1 9 0 6 , 3 % ; D e c . , 2 J-j % : 1 0 0 7 ,
% .p a l d q u a r te r ly S e p t . 1 1902 t o M c h . 1 0 0 8 ,
2 % , p a id D e c . 1 1903 n u t o f a c c u m u la te d
1 9 0 4 . 2 % ; J u n e 1 9 0 5 , 3 % : D e c - , « /o : J u n e
5 % (J . & D . ) . • O n A p r il 1 1 9 0 6 * 1 ,5 0 0 ,0 0 0
A pr., 1908.1
RAILWAY STOCKS AND BONDS.
R A IL R O A D S
F o r e x p l a n a t i o n o f c o lu m n h e a d in g s , A c .
o n f i r s t p a g e o f ta b les.
s e e n o te s
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of
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C in c in In d & W e s t — I n d D e c & /n o t g u a r a n t e e d ..C e | 2 62
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, ,C I & W 1st & r e f M $ 8 ,2 0 0 ,0 0 0 g g u p & 1 e n d ._ T a
381
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52
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148
C i n N e w O r l & T e x a s P a c J u n e — -C u m s t o c k $ 3 , 0 0 0 , 0 0 0
P r e f e r r e d s t o c k 5 % c u m u l a t i v e $ 3 , 0 0 0 , 0 0 0 ____________
N o t e s , d u e $ 1 5 0 , 0 0 0 s e m i - a n n u a l l y _______________________
N o t e s ________________________________________ ______________________
E q u i p t r u s t s d u e a b t $ 8 5 0 0 0 s - a ( V 7 8 p 1 3 9 1 ) _____
do
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C in c in n a t i N o r th e r n — 1st M $ 3 ,0 0 0 ,0 0 0 g o l d - . u c * & r
C in c in n a t i R ic h m o n d & F t W — 1 st M g o ld ln t g u a r . c *
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177
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p a y ° ,r, s e c o n d m a i n t r a c k a n d o t h e r I m p r o v e m e n t s '
p a y a b l e $ ^ 0 '0 8 0 s e m i - a n n u a l l y t o A p r i l 1 9 1 1 , I n c l u s i v e .
V . 8 3 . p . 1225.
In N o v . 1 9 0 7 $ 5 0 0 , 0 0 0 3 - y e a r 6 % n o t e s w e r e s o l d .
V . 8 5 , p . 1338.
* * 3 - 0 0 0 , 0 0 0 . c o n t r o l l e d In I n t e r e s t o f S o u t h e r n R y .
a n d C in c in n a ti H a m ilto n & D a y t o n R y .
V . 61, p . 26; V . 65, p. 1173.
8
L A T E S T E A R N I N G S .— / 1 9 0 7 - 0 8 . . .G r o s s , $ 5 ,4 6 7 ,0 8 5 ; n e t , $ 1 ,0 5 0 ,9 3 1
m o s . , J u l y 1 t o F e b . 2 9 . 1 1 9 0 6 - 0 7 ____G r o s s ,
5 ,4 3 8 ,5 8 6 ; n e t ,
1 ,0 1 7 ,8 4 7
R E P O R T . — R e p o r t f o r y e a r e n d i n g J u n e 3 0 1 9 0 7 w a s In V . 8 5 ,
p . 1 3 0 3 , s h o w in g , g r o s s , $ 8 ,7 6 3 ,7 7 5 ; n e t , $ 1 ,7 3 2 ,3 3 8 : o t h e r I n c o m e , $ 1 3 5 L4 l \ r e , i t a l s - * 1 . 2 3 3 , 9 2 5 ; I n t e r e s t , $ 1 8 3 , 9 1 5 ; l m p t s . , $ 1 1 5 , 0 0 0 ; d l v . o n p r e f .
(• > % ), $ 1 0 0 ,0 0 0 ; d l v . o n c o m . ( 5 % ) , $ 1 5 0 ,0 0 0 ; b a l . , s u r . , $ 8 4 , 6 4 5 .
In
1 9 0 5 -0 6 , g r o s s , $ 8 ,4 5 4 ,8 9 7 ; n e t , $ 2 ,0 6 2 ,2 2 5 .— (V . 8 5 , p . 1 3 3 8 , 3 9 3 .)
C I N C I N N A T I N O R T H E R N R R . — ( S e e M a p C le v e la n d C i n . C h ic a g o A S t .
L o u i s . ) — O w n s F r a n k lin , O ., t o J a c k s o n , M i c h ., 2 0 8 m ile s ; t r a c k a g e (C . C
C . & S t . L . ) , F r a n k lin t o C in c in n a t i, 3 8 m ile s ; a t J a c k s o n 1 m ile .
'
'
S u c c e s s o r In J u n e 1 8 9 7 o f C i n c i n n a t i J a c k s o n & M a c k i n a w
fo r e c lo s e d
y . 65, n. 621; V . 72, p. 338, 1034, 1135; V . 7 3. p . 31.
O n D e c . 31 1 9 0 7 t h e
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S T O C K , $ 3 ,0 0 0 ,0 0 0 .
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* 1 2 8 ,5 4 2 ; c h a r g e s
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P r e s . , W . I I . N e w m a n . — I V . o l , p . 1 «J 1 4 .)
C IN C IN N A T I R IC H M O N D & F O R T W A Y N E R R .— O w n s fr o m R ic h
m o n d . I n d . , t o A d a m s , I n d ., 8 6 m .; le a s e s 5 m . o f P F t . W & C
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l n t . Is g u a r a n t e e d b y t h e P e n n s y l v a n i a C o . a n d P i t t s C l n C h i c & S t L ^ o '
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In 1 8 8 8 ) .
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o w n e d $ 1 ,2 5 7 ,9 0 0 .
D u e g u a r a n to r s S e p t . 3 0 1 9 0 7 , $ 1 ,5 7 3 ,2 3 9 .
Y ea r end . D e c . 3 1 .
G ross
N et.
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1 0 0 7 ............................................$ 6 5 7 , 9 1 3
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C L E A R F I E L D & M A H O N I N G R Y . — ( S e e M a p B u f . R o c h . A P i t t s .) —
O w n s r o a d , c o m p e t e d in 1 8 9 3 , f r o m D u B o l s J e t . , P a . , o n B u f . R . & P . t o
C le a r lle ld o n B e e c h C r e e k R R . , 2 6 m ile s .
L e a s e d d u r in g c o r p o r a t e e x is te n c e
a n d r e n e w a ls t h e r e o f t o B u f fa lo R o c h e s t e r & P it t s b u r g h — w h ic h s e e — a t a
r e n t a l p a y a b l e In g o l d a n d e q u a l t o 6 % o n $ 7 5 0 , 0 0 0 s t o c k , p a r $ 5 0 , a n d 5 %
o n b o n d s , th e la t t e r b e in g g u a r a n t e e d , p r in c ip a l a n d In te re s t, b y In d o r s e
m e n t o n e a c h .— (V . 6 1 , p . 7 1 0 .)
'
C L E V E L A N D A K R O N & C O L U M B U S R Y . — (S e e M a p s o f P e n n s y l v a n i a
R R .) - O w n s fr o m H u d s o n , O . , t o C o lu m b u s , O . , 144 m ile s ; D r e s d e n b r a n c h
K ilb u c k t o T r ln w a y , 33 m .; A p p le C reek b r a n c h , 9 m .; H o w a r d c o a l b r a n c h ’
4 m .; c o a l s p u r s , 4 m .; t o ta l o w n e d , 194 m .; tr a c k a g e , T r ln w a y t o Z a n e s v ille ’
17 m .
O w n s a f o u r t h I n t e r e s t In A k r o n & B a r b e r t o n B e l t R R
24 m ’
V . 76, p. 435.
C a r tr u s ts o u t s t a n d in g , $ 7 5 4 ,8 0 0 , d u e $ 8 2 ,9 9 2 y e a r ly
'
P e n n . C o . t o o k c o n t r o l J u n e 1 1 8 9 9 , p u r c h a s in g $ 2 ,2 3 7 ,5 0 0 o f th e $4 0 0 0 0 0 0 s t o c k (p a r $ 1 0 0 ).
D iv id e n d s , 2 % y e a r ly , S e p t . 1901 t o S e p t
1005
1 9 0 6 , 3 % ( M .- S .) : 1 9 0 7 , M c h ., 1 ^ % ; S e p t ., 2 % ; 1 9 0 8 , M c h ., 2 % .
O f 1st
c o n s , g o ld 4 s o f 1 9 0 0 (C o m m ’ l T r u s t C o . o f P h ll a ., t r u s t e e ), $ 1 ,0 2 3 0 0 0 a r e
g u a r ., p r ln . & ln t ., b y th e P e n n . C o m p a n y ;
$ 1 ,8 0 0 ,0 0 0 a re r e s e r v e d t o r r t l r e t h e g e n . 5 s d u e tf> 2 7 ; V . 7 1 . p . 3 9 0 ; V . 7 6 , p . 6 5 3 ; V . 7 7 , p . 1 7 4 6 2 2 8 0
R e p o r t f o r 1 9 0 6 In V . 8 5 , p . 2 1 5 .
In 1 9 0 7 , g r o s s , 8 2 ,2 8 5 ,9 6 9 ; n e t $52 1 3 8 8 o t h e r I n c o m e , $ 4 1 ,0 2 3 ; c h a r g e s . $ 2 2 2 ,9 1 3 ; d iv id e n d
( 3 ) 4 % ) ’ 5 1 4 0 0 0 0 ’b a l . , s u r ., $ 1 9 9 ,4 9 8 .— (V . 8 5 , p . 2 1 5 . 7 2 2 .)
'
'
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C L E V E L A N D C I N C I N N A T I C H I C A G O & S T . L O U I S R Y . — (S ee M a p s
N . Y . C e n tr a l A I I . R . R R .) . — R O A D . — R a d i a t e s f r o m I n d i a n a p o l i s I n d
w e s t e r l y t o C h i c a g o . P e o r i a , C a i r o . 111., S t . L o u i s , e a s t e r l v t o S a n d 'u s k v
C le v e la n d , C o lu m b u s a n d C in c in n a ti, O ., a n d s o u t h e r ly t o L o u is v ille .
’
O w n ed D ir e c tly
M i l e s . | L e a s e d a n d C o n t r o lle d —
xu u es.
C le v e la n d , O ., to C o lu m b u s , 0 . - 1 3 8 C in c in n a ti & S p r in g fie ld I t v
44
G a l l o n , O . , t o I n d i a n a p o l i s ---------------2 0 3 i C o l u m . H o p e & G r c e n s b ’ g R R "
26
D e l a w a r e t o S p r i n g f i e l d . . .......................5 0 | J o i n t l y O p e r a te d — •
”
C i n c i n n a t i t o L a f a y e t t e ........................ 1 7 5 | C h l c . I n d . & S t . L . S h o r t L i n e
44
I n d i a n a p o l i s t o T e r r e H a u t e -------------- 7 2 | T r a c k a g e I n t o C i n c i n n a t i , & c ”
32
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...........
7 I T r a c k a g e In to J e ffe r s o n v ille
53
L e a s e d — e n tir e stock o w n e d —
IT r a c k a g e In to T o le d o (V
79 p
C in c in n a t i L a f iy e t t e & C h ic. R y . 5 7 1
1 0 2 3 , 2 6 9 6 ) ................
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48
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& C h ic . R y —
i
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C a i r o , 111., t o T i l t o n & b r a n c h . 2 6 7 I
T o t a l I n c l u d e d In e a r n i n g s ___ 1 9 8 3
„ i *
T . H . to E . S t. L -1 9 3 1
O p e r a te d ’ e a r n s , k e p t se p a r a te —
C o lu m b u s S p r in g fie ld & C ln .—
IP e o r ia & E a s te rn R y
*351
. f p P ^ d m b u s , O . , t o S p r i n g f i e l d . . 4 5 ( C i n c i n n a t i & N o r t h e r n ________ I " * 2 4 8
W h it e W a t e r — H a r r is o n , I n d ., to
K a n k a k ee & S en eca R R
42
H a g erstow n
I n d ------------------------- 6 2 | M t . G i l e a d S h o r t L l n e _ . 1 1 1 1 1 Z I
2
C ln . W a b a s h & M ich ig a n B y .—
IL o u Is v . & J e ffe r s o n v . B r id g e
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I i t j i n c h - - ............................................ 2 4 9 1 T o t a l o f s y s t e m D e c . 31 ' 0 7 . . 2 , 6 2 8
O t h e r lin e s . .
.
.................. ...
4 4 | T r a c k a g e 111. C e n t . I n t o C h i c . )
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S a n d u s k y , O - .t o D a y ’ n , O ..& C .1 7 0 I
O p e r a te s In d e p e n d e n t ly — "
— — ~ ...
I D a y t o n & U n i o n R R . ( * ) ...........
47
• S e e t h is c o m p a n y .
|D o u b l e t r a c k . . .....................
218
I n D e c . .1 9 0 7 a n e w d o u b l e - t r a c k l i n e f r o m E v a n s v i l l e t o M t . C a r m e l
I n d . , 3 0 m ile s , w a s u n d e r c o n s t r u c t io n .
V . 8 3, p. 8 1 7 , 1098.
H I S T O R Y , & c .— A c o n s o lid a t io n o f th e C in c in n a ti I n d ia n a p o lis S t . L o u is
& C h ic a g o R a ilw a y C o ., th e C le v e la n d C o lu m b u s C in c in n a ti & I n d ia n a p o lis
R a i l w a y C o . a n d t h e I n d i a n a p o l i s & S t . L o u i s R a i l w a y C o . , m a d e In J u l y
1 8 8 0 , p e r p l a n In V . 4 8 , p . 4 2 7 .
O f t h e c o m . s t o c k , $ 3 0 , 2 0 7 , 7 0 0 w a s In J a n
1908 o w n e d b y th e L .
S .& M ic h .S o . R y . , a m a jo r i t y o f t h e e n t ir e s h a r e
■ c a p it a l.
V . 7 2 , p . 8 6 ; V . 8 2 , p. 7 49 .
T h e c o m p a n y Is a l s o o n e - f o u r t h o w n e r o f P e o r i a & P e k i n U n i o n R y .
( t h r o u g h t h e P c o . & E a s t . I i y . ) , o n e - f o u r t e e n t h o w n e r In T e r m i n a l R R
A s s o c ia t io n o f S t . L o u is , a n d t w o -fift h s o w n e r o f I n d la n a p . U n io n R y . a n d
p a r t o w n e r o f C e n t . I n d i a n a R y . , C e n t . U n io n D e p o t & R y . o f C i n c i n n a t i
U n io n D e p o t o f C o l u m b u s . D a y t o n U n io n R y . , D a y t o n & U n io n R R . , M u n
c l e B e l t l l t y . a n d F in d la y B e l t l R y . , w h ic h a r e o p e r a t e d I n d e p e n d e n t ly
IN T E R E S T
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C A P I T A L S T O C K . — T h e s t o c k h o l d e r s v o t e d J u n e 21 1 9 0 5 t o I n c r e a s e
th e c o m m o n s t o c k fr o m $ 2 8 ,7 0 0 ,0 0 0 t o $ 4 0 ,0 0 0 ,0 0 0 (V . 8 0 , p . 1 4 2 3 , 1 91 1
y - 81 • P- 2 6 4 ; V . 8 3 , p . 7 5 1 ), a n d o n O c t . 31 1 9 0 6 t o $ 5 0 ,0 0 0 ,0 0 0 .’
l h e $ 4 , 8 0 6 , 5 8 0 s u b s c r i b e d f o r b y s t o c k h o l d e r s a t 9 0 In 1 9 0 7 c a r r i e s a l l d l v l i S au
a ? ? r ^ 'P g a f t c r M a r c h 1 1 9 0 7 ; $ 2 , 2 4 9 , 7 2 0 a d d i t i o n a l w a s s o l d t o J a n
1908.
V . 8 3, p. 687, 1290; V . 84, p . 1247.
D I V . — 1’ 9 3 . ’ 9 4 . ’ 9 5 . ’ 9 6 . ’ 9 7 . ’ 9 8 . ’ 9 9 . ’ 0 0 . ’ 0 1 . '0 2 t o ’ 0 7 .
C om . .
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5 y e a r ly .
1908.
M a rch , 1
I n c l .A p r ..2 > $
P O N D S . - T h e s i n k i n g f u n d p r o v i s i o n o f t h e C l e v e la n d C o l u m b u s C i n c i n
n a ti A I n d i a n a p o l is c o n s o l. b o n d s ( s t a m p e d ) h a s b e e n c a n c e l e d .
T h e p r ln 1 rY
b o n d s is p a y a b l e In g o l d , b u t t h e I n t e r e s t Is p a y a b l e a t o p t i o n
o f h o l d e r e i t h e r In l a w f u l m o n e y a t 7 % p e r a n n u m o r In B r i t i s h s t e r l i n g a t
° t ° ; , ™ t h e I n d i a n a p o l is A S t . L o u i s 1 s t 7 s , s e r i e s " A ” a r e J . & J - s e r i e s
B , ” M . & S . ; s e r ie s “ C , ” M . & N .
J‘ ° u i s D i v i s i o n b o n d s , s e e d e e d o f t r u s t . V . 5 2 , p . 4 2 - 4 5
m o rtg a g e o f 1 8 9 3 Is l i m i t e d t o $ 5 0 , 0 0 0 , 0 0 0 .
In J u ly 190 7
f Y .'Y V Y
g e n . 4 s w e r e r e s e r v e d f o r p r io r lie n s ( e x c lu s iv e o f C a ir o d iv is io n ,
£ e ° r|a , D ! l « % ¥ i c H £ a.n D l v l s ,, o n a n d t h e S t . L o u i s D i v i s i o n w e s t o f T e r r e
H a u t e ) . a n d $ 4 ,7 4 8 ,0 0 0 f o r e q u ip m e n t , c o n s t r u c t io n a n d b e t t e r m e n t s & c
$ 1 ,0 0 0 ,0 0 0 y e a r ly .
S ee V . 7 8, p . 1446; V . 7 9 , p . 7 33 ; V . 83 p 379 1 G u a r
a n t e e s C h i c a g o I n d i a n a p o l i s & S t . L o u i s S h o r t L i n e R y . , C e n t r a l 'I n d i a n a
R y . a n d S p r in g fie ld U n io n D e p o t C o . b o n d s .
V . 77
p
510
517
7 6 <)
1363, 2280; V . 78, p. 1906, 1961; V . 7 9, p . 2589.
1
’
’ 7bU ’
J o in t l y w it h f o u r o t h e r r o a d s c o v e n a n t s t o p a y N e w Y o r k C e n t r a l lin e s
$ 3 0 ,0 0 0 ,0 0 0 5 % e q u ip , tr u s t o f 1 9 0 7 , th e c o m p a n y ’ s s h a re o f e q u ip m e n t
le a s e d b e i n g a b o u t $ 3 ,5 0 0 ,0 0 0 .
V . 8 5 , p . 1401; V . 8 6 , p . 168.
* ‘
G E N E R A L F I N A N C E S .— G u a r a n te e s In te re st o n L o u is v ille & J e ffe r s o n
v ille B r id g e b o n d s J o in t ly w it h t h e C h e s . & O .
V . 68, p . 822.
C a p ita l
s t o c k p e r m ile o f r o a d o w n e d D e c . 31 1 9 0 7 , $ 3 1 ,6 1 6 ; b o n d e d d e b t , $ 3 5 ,8 0 4 .
E A R N I N G S . — 2 m o s ' , 1 1 9 0 8 . ............... G r o s s ,
J an . 1 to F eb . 29.
1 1 9 0 7 __________ G r o s s ,
$ 3 ,5 9 5 ,5 7 0 ;
3 ,6 5 0 ,0 5 1 ;
n et,
n e t,
$523 498
6 2 4 ,7 4 0
R E P O R T . — R e p o r t f o r y e a r e n d i n g D e c . 3 1 1 9 0 7 In V . 8 6 , p . 8 5 1 , 8 6 2 .
1907.
1906.
1905.
M i le s o p e r a t e d _________________
.
1 ,9 8 3
1 ,9 8 3
1 ,9 8 3
P a s s e n g e r e a r n i n g s _________
. $ 7 ,1 2 7 ,0 4 9
$ 6 ,9 6 3 ,8 6 4
$ 6 ,3 7 9 ,0 5 6
. 1 7 ,2 3 8 ,3 4 7
1 5 ,6 8 3 .7 3 3
1 4 ,2 9 1 ,1 0 8
M a l l , e x p r e s s , & c ___ ____
.
2 ,0 8 2 ,4 0 8
1 ,9 4 7 ,3 1 9
1 ,8 4 7 ,5 9 9
O p e r a tin g e x p e n s e s
2 0 ,1 3 3 ,6 2 9
$ 2 4 ,5 9 4 ,9 1 6
1 8 ,4 3 2 ,7 1 3
$ 2 2 ,5 1 7 ,7 6 3
1 6 ,8 7 9 ,3 4 5
N e t e a r n i n g s ......... ...................... .................... $ 6 , 3 1 4 , 1 7 5
$ 6 ,1 6 2 ,2 0 2
$ 5 ,6 3 8 ,4 1 8
T o t a l n e t I n c o m e ______________________
$‘ 6 , 5 0 0 , 7 1 9
$ 0 ,3 7 0 ,7 7 1
$ 5 ,8 7 9 ,8 9 5
I n t e r e s t o n b o n d s , & c _______________
3 ,4 0 4 ,1 6 6
3 . 1 8 9 , 1 15
2 ,9 7 6 .9 0 6
T .a x e s __________ __________________________
8 4 2 ,8 9 3
8 3 1 ,6 3 1
7 4 2 ,4 9 6
R e n t a l s , & e ___________ „ _______________
2 8 0 ,4 4 2
2 8 5 ,2 9 3
2 9 0 ,0 6 8
D i v i d e n d s o n p r e f e r r e d , 5 % _______
5 0 0 ,0 0 0
4 9 9 ,9 2 5
4 0 9 ,9 2 5
D i v i d e n d s o n c o m m o n ______________
Vo 1 1 , 4 1 1 , 6 8 9 ( 4 ) 1 , 5 1 1 , 7 5 4 1(4 ) 1 , 3 2 8 , 9 5 0
B a la n c e , s u r p lu s .
...........................
$ 6 1 ,5 2 8
$ 5 3 ,0 5 3
$ 4 1 ,5 5 0
O F F I C E R S .— P r e s ., W m . I I . N e w m a n , N e w Y o r k ; V ic e -P r e s id e n t s , J .
P -.L a y h S T ' E . V . W .
R o s s lte r , W . C .
B row n ,
John
C a rs te n se n , C . E .
S c h a ff, A
I I . H a r r is a n d C . F . D a ly : S e c .. D w ig h t W . P a r d e e , N e w Y o r k ;
r r e a s ., C h a s . F . C o x , N e w Y o r k ; A u d it o r , P . A . H e w it t , C in c in n a t i, O h io .
D ir e c t o r s .— W illia m K . V a n d e r b ilt , F r e d ’ k W . V a n d e r b ilt , C h a u n c e v M .
D c p c w , J . P le r p o n t M o r g a n . H . M c K . T w o m b l y , J a m e s D . L a v n g , W illia m
H . N e w m a n , W a lt e r P . B lis s , o f N e w Y o r k : A l e x . M c D o n a ld a n d M . E .
I n g a lls . C in c in n a t i; J a m e s B a r n e t t , C le v e la n d , ( ) . — (V . 8 6 , p . 8 5 1 , 8 6 2 .)
C L E V E L A N D L O R A I N & W H E E L I N G R Y . — (S ee M a p B . A O . ) — O w n s
fr o m L o r a in , O ., t o B r id g e p o r t, O .. o p p o s it e W h e e lin g . W . V a ., 158 m .- L e s
t e r t o C le v e la n d , 28 m ., a n d b r a n c h t o B e lla lr e , O ., 6 m .; t o t a l 1 92 m ■ a n d
h a s tr a c k a g e In to W h e e lin g .
V . 8 0, p . 1174.
’
H I S T O R Y . — O p e r a t e d b y t h e B a l t . & O h i o , w h i c h o w n s p r a c t i c a l l y a ll o f
th e s to c k .
S ee th a t c o . a n d V . 7 2 , p . 4 8 0 ; V . 7 3 , p . 2 3 6 ; V . 8 6 . p . 6 0 2 .
S T O C K .— C o m m o n , $ 8 ,0 0 0 ,0 0 0 . a n d p r e f., n o n -c u m ., 5 % , $ 5 ,0 0 0 ,0 0 0
par $100.
A f t e r 5 % o n e a c h , b o t h s t o c k s s h a re a lik e .
V . 60. p . 1058.
D I V I D E N D S .— O n p r e f., 1 8 9 6 , 3 % ; D e c. 1 9 0 4 , 2 H % ;
1908, 5 % .
F ir s t d l v . o n c o m . , 2 ^ % , p a id M a r c h 2 1 9 0 8 .
1905 to A p r il
V . 86, p. 284.
B O N D S .— O f th e $ 1 0 ,0 0 0 ,0 0 0 c o n s o l, r e fu n d in g g o ld 4 H s , th e r e m a in in g
$ 6 ,0 0 0 ,0 0 0 a re r e s e r v e d t o r e tir e o ld 5 s.
V . 70, p. 230, 480.
R E P O R T . — R e p o r t f o r y e a r e n d . J u n e 3 0 1 9 0 7 w a s In V . 8 5 , p . 1 3 9 5
s h o w in g , g r o s s , $ 4 ,6 1 2 ,5 5 8 ; n e t , $ 1 ,8 1 1 ,5 9 2 ; c h g s ., $ 5 6 8 ,4 6 2 ; lm p t s .. $ 1 7 5 0 0 8 ; d l v . o n p r e f. ( 5 % ) , $ 2 5 0 ,0 0 0 ; b a l ., $ 8 1 8 ,1 2 2 .— (V . 8 6 . p . 2 8 4 , 6 0 2 .)’
C L E V E L A N D & M A H O N IN G V A L L E Y R Y .— O w n s fr o m C le v e la n d , O .,
t o S h a r o n , P a . , 81 m i l e s ( 5 7 d o u b l e t r a c k ) ; N i l e s , O . , t o N e w L i s b o n
O.
a n d b ra n ch e s, 44 m .
L ea s ed to N y p a n o R R . (fo r m e r ly N . Y . P e n n . &
O h io ) till 1 9 6 2 ; r e n t a l $ 5 2 5 ,9 6 7 p e r a n n u m .
C o u p o n I n t e r e s t Is J
& J
re g is te re d In te re st, Q .-J .
S t o c k Is $ 3 , 2 5 9 , 2 0 0 , o f w h i c h $ 3 , 2 5 8 , 2 5 0 Is h e l d
b y “ A t l a n t i c F ir s t L e a s e d L in e s R e n t a l T r u s t C o . , L im it e d ” o f L o n d o n
D i v i d e n d s In 1 8 9 7 , 1 3 ? 4 % ; 1 8 9 8 t o 1 9 0 4 , b o t h I n c l u s i v e , 1 3 M % y e a r l y In
1 9 0 5 , 1 1 - 4 2 % ; In 1 9 0 6 , 1 1 .4 0 % .— (V . 6 3 , p . 9 6 8 .)
y
K
C L E V E L A N D & M A R I E T T A R Y .— O w n s fr o m M a r ie tta , O ., t o C a n a l
D o v e r , 1 03 m ile s , a n d b r a n c h . 7 m ile s , Z o a r , O ., t o C a n a l D o v e r , le a s e d .
S t o c k , $ 2 ,0 0 0 ,0 0 0 . o f w h ic h th e P e n n s y lv a n ia C o . S e p t . 3 0 1 0 0 7 o w n e d
$ 1 ,7 8 8 ,5 0 0 (p a r $ 1 0 0 ): su r p lu s e a r n in g s o v e r c h a r g e s g o to C . & M .
D iv i
d e n d s p a i d In 1 9 0 6 ( 3 % ) , $ 6 0 , 0 0 0 ; In 1 9 0 7 , 4 % .
B O N D S .— G u a r a n te e d p r ln . a n d ln t . b y
P e n n . C o .’ s in k in g fu n d
1% .
E A R N I N G S .— In 1 9 0 7 , g r o s s , $ 1 ,0 9 6 ,9 6 9 ; n e t , $ 3 3 8 ,7 8 7 ; in t . o n b o n d s ,
$ 5 6 ,2 5 0 ; I m p r o v ’ ts , $ 1 4 9 ,0 2 3 ; o t h . c h g s ., $ 1 3 ,4 5 9 ; d i v s . ( 4 % ) $ 8 0 ,0 0 0 - b a l . ,
s u r ., $ 4 0 ,0 5 5 .
I n 1 9 0 6 , g r o s s , $ 9 6 7 , 6 3 2 ; n e t , $ 2 5 5 , 5 8 1 . — ( V . 7 7 p 8 7 .)
IN T E R E S T
R A IL R O A D S
F o r e x p l a n a t i o n o f c o l u m n h e a d in g s , & c . , se e n o te s
o n f i r s t p a g e o f ta b le s
M ile s
of
R oad
D a te
of
B onds
S iz e , or
Par
V a lu e
A m ount
O u ts ta n d in g
R a te
%
C le v e la n d C in c in n a t i C h ic a g o & S t L o u is
(C o n c lu d e d )
$ 1 ,5 0 0 ,0 0 0
4 g
$ 1 ,0 0 0
■ 125
190 3
C e n tr a l I n d ia n a fir s t m t g e $ 4 ,0 0 0 ,0 0 0 g o ld g u a r _ .C e
3 .0 0 0 .
000
4 g
1 ,0 0 0
45
1903
C h I & S t L S L 1 st M $ 3 ,0 0 0 ,0 0 0 g o ld g u . .C e .c * & r
4 g
1 ,0 0 0 N o n e D e c 0 7
1905
S p r in g f i e ld U n io n D e p o t llr s t m t g e $ 3 0 0 ,0 0 0 g u _ . C e
L o u is v ille & J e ffe r s o n v ille B r id g e 1 st M — S e e t h a t C o
L o u is & C h i c a g o — Se
C le v e la n d C o l u m b u s C in c in n a t i & I n d ia n a p o lis — C le v e la n d I n d ia n a p o lis S t
5 .0 0 0 .
0 0 05 g
1 ,0 0 0
1893
192
C le v e L o r a in & W h e e l— C o n m t g e (n o w 1 st) g - U s m .c *
8 9 3 .0 0 0
1 ,0 0 0
5 g
1896
G e n e r a l m o r t g a g e $ l ,0 0 0 0 0 0 g o l d r e d e e m a t 1 0 5 . . N
192
4 .0 0 0 .
0 0 04 y , g
1 ,0 0 0
1900
102
C o n s o l r e t m t g e $ 1 0 , 0 0 0 .0 0 0 g o l d r e d a t 1 0 2 H _ T a . c *
2 .9 3 5 .0 0 0
5 g
1 ,0 0 0 & c
1888
125
C l e v e & M V — C o n s m ( n o w fir s t) $ 3 ,0 0 0 ,0 0 0 g .C e .c & r
1 .2 5 0 .0 0 0
4 y* g
1 ,0 0 0
1895
103
C le v e & M a r— F ir s t m t g e s t n o t d r a w n g o ld g u a r F .c *
7
1 1 ,2 4 7 ,5 9 3
50
C le v e & P it t s b u r g h — S t o c k 7 % g u a r b y P e n n R R C o
4
8 ,2 7 4 ,0 5 0
50
S p e c ia l b e t t e r m e n t s t o c k $ 1 0 ,7 3 8 ,1 3 5 g u a r 4
4 .5 6 1 .0 0 0
1 ,0 0 0
g
1892
202
• G e n M $ 1 0 ,0 0 0 ,0 0 0 g o l d . - F ] S e rie s A & B _
-------- c *
4 .7 9 2 .0 0 0
1 ,0 0 0
3)4 g
2 0 2 '9 8 - 0 0
r •
G u a r a n t e e d p r l n a n d l n t j - S e r l e s C & D __________c *
4 3 9 .0 0 0
3 )4 g
1 ,0 0 0
1892
202
f •’
( e n d ) P e n n R R ------------- j S e r i e s B I n t r e d u c e d . .
C le v e la n d T e r m in a l & V a lle y — S e e B a lt im o r e & O h lo .
3 .0 0 0 . 0 0 0
5 g
1 ,0 0 0
184
1903
Coal & Coke— F i r s t m o r t g a g e $ 5 , 0 0 0 , 0 0 0 g o l d ............ ..
C o a l & I r o n — S e e W e s te r n M a ry la n d
C o a l R i v e r R y — S e e C h e s a p e a k e .& O h io
6
6 0 0 ,0 0 0
100 & c
1808
13
C o l e b r o o k d a l e — 1 st M $ 5 9 3 ,4 0 0 u n d R e a d M o f 1 8 9 7 . c
9 .1 7 9 .0 0 0
4 g
1 ,0 0 0
1897
259
C o l o r a d o M id la n d — F ir s t m o r t g a g e $ 1 0 .0 0 0 ,0 0 0 . _ C e c *
1 ,0 0 0 ,0 0 0
5 g
1 ,0 0 0
51
1904
C o l o r a d o & N o r t h w e s t e r n — 1 st M $ 1 ,0 0 0 ,0 0 0 g o l d . U s
31 , 0 0 0 ,0 0 0
100
C o l o r a d o & S o u t h e r n — C o m m o n s t o c k $ 3 1 , 0 0 0 , 0 0 0 ____
In 1 9 0 7
8 .5 0 0 .0 0 0
100
F i r s t p r e f e r r e d 4 % n o n - c u m u l a t l v e $ 8 , 5 0 0 ,0 0 0 _______
8 .5 0 0 .0 0 0
In 1 9 0 7
100
1882
S e c o n d p r e fe r r e d 4 % n o n -c u m u la t lv e $8 5 0 0 ,0 0 0 —
1 9 ,1 0 2 ,0 0 0
4 g
1 ,0 0 0
1899
1 ,0 5 9
F i r s t m o r t g a g e g o l d $ 1 9 , 8 5 3 , 0 0 0 . .....................- . C e . c *
1 8 ,9 9 1 .0 0 0
4H g
1 0 0 &C
1905
R e f M $ 1 0 0 , 0 0 0 , 0 0 0 g r e d 1 0 1 b e g i n 1 9 0 8 . -Ce c * & r
9 2 4 .0 0 0
1 ,0 0 0
1907
E q u i p b o n d s s e r A d u e s - a r e d 1 0 1 ( V 8 4 p 5 0 7 ) . . (1
4 yi g
See tex t
1 ,0 0 0
1905
Col So N O & Pac— 1 s t M $ 1 2 , 0 0 0 , 0 0 0 g r e d 1 0 2 ^ . .Ce
5
1 .3 6 0 . 0 0 0
1 .0 0 0
1907
E q u i p t r n o t e s d u e $ 8 0 , 0 0 0 s - a g u b y S t L & S F .B a
1 .7 5 7 .0 0 0
5 g
1 ,0 0 0
1900
75
Colo Sp & Crip Cr D Ry— 1 s t M $ 2 , 0 0 0 , 0 0 0 g s f..C e
1
9
4
.
0
0
0
5 g
1
,0
0
0
75
1 90 1
S e c o n d m o r t g a g e $ 1 , 0 0 0 , 0 0 0 g o l d s i n k i n g f u n d -------1 , 3 7 9 ,0 0 0
3 g
1 .0 0 0
1902
F i r s t c o n s o l m o r t g a g e $ 3 , 6 0 0 , 0 0 0 g o l d -------- . M o . c & r
5
S ec tex t
1 ,0 0 0
1908
Colorado Texas & Mexico— F i r s t m t g e $ 7 5 , 0 0 0 , 0 0 0 . .
4 .5 0 0 .0 0 0
4 g
1 ,0 0 0
190 3
17!
Colorado & Wyoming Ry— 1 s t M $ 7 , 5 0 0 , 0 0 0 g o l d . -Me
8
9
9
.
0
0
0
3 g
1 ,0 0 0
1887
75
Colutn Newb & Laurens— 1 s t M $ 1 2 , 0 0 0 p e r m — SBa
F&A
“ D ,”
x S e rie s " A , ” J & J ;
" B ,” A & O .
y “ C ,” M & N ;
...
fiU C L E V E L A N D & P IT T S B U R G H R R .— ( S e e M a p P e n n s y l v a n i a R a ilr o a d .)
— C le v e la n d , O . , t o R o c h e s t e r , P a ., 1 2 4 m ile s ; b r a n c h e s — B a y a r d , O . , t o
N e w P h ila d e lp h ia , 31 m . ; Y e l lo w C r e e k t o B e lla lr e , 4 3 m . ; o t h e r 3 m . ;
t r a c k a g e , R o c h e s t e r t o P lt t s b . (P . F t . W . & C h i c .) , 2 6 m .; t o t a l , 2 2 7 m ile s .
L E A S E . — L e a s e d f o r 9 9 y e a r s D e c . 1 1 8 7 1 t o P e n n . R R . C o . , a n d le a s e
tr a n s fe r r e d t o P e n n s y lv a n a C o .
R e n t a l, 7 % o n $ 1 1 ,2 6 1 ,8 6 5 s t o c k . I n te r e s t
o n b o n d s a n d o r g a n iz a tio n e x p e n s e s .
“ S p e c ia l g u a r a n t e e d b e t te r m e n t
s t o c k ” (s u b o r d in a t e t o th e o r ig in a l s t o c k a s t o d iv id e n d s o n l y ) , w it h d i v i
d e n d s o f 4 % g u a r a n t e e d b y t h e P e n n . R R . , Is I s s u a b l e f o r I m p r o v e m e n t s ,
V . 79, p . 2205, 2642; V . 83, p . 625; V . 85, p . 1082.
B O N D S .— G e n e r a ls a r e a ll e q u a lly s e c u r e d ; g u a r a n t y .
V . 56, p. 604.
E A R N I N G S . — In 1 9 0 7 , g r o s s e a r n in g s , $ 1 1 ,5 1 8 ,9 7 7 ; n e t , $ 3 ,6 5 0 ,9 2 9 ;
p r o fit t o le s s e e w a s $ 2 ,1 4 0 ,0 8 4 .— ( V . 8 3 , p . 2 6 5 , 6 8 7 ; V . 8 5 , p . 1 0 0 5 , 1 0 8 2 .)
C L E V E L A N D SH O R T L IN E R Y .— T o b e a b e l t l i n e c o n n e c t i n g e i g h t r a i l
roads b y
a b o u t 20
C ost to
V .-P ., W
tra ck s r e m o te fr o m th e h e a rt o f C le v e la n d . O ., s ta r tin g a t L o r a in ,
m ile s n o r t h w e s t o f c i t y .
O f t h i s , 1 0 m i l e s t o b e c o m p l e t e d In 1 9 0 8 .
b e a b o u t $ 1 0 ,0 0 0 ,0 0 0 .
V . 8 6 , p. 167.
P r e s ., M . A . F a n n in g ;
. R . H o p k in s ; S e c ., B . F . H o p k i n s .— ( V . 8 6 , p . 1 6 7 .)
C L E V E L A N D T E R M I N A L & V A L L E Y R R .— ( S e e M a p B a lt i m o r e &
O h i o .) — O w n s f r o m C l e v e l a n d , O . , t o V a ll e y J u n c t i o n , 7 5 m il e s ; b r a n c h e s ,
11 m ile s ; y a r d t r a c k a n d s i d i n g s , 8 9 m il e s .
. . . „ nrt
S T O C K .— O f th e $ 5 ,2 0 0 ,0 0 0 com m on (p a r $ 5 0 ) B . & O . o w n s $ 4 ,6 1 5 ,3 0 0
c o m m o n a n d o f th e $ 2 ,0 6 0 ,7 5 0 p r e fe r r e d , $ 9 4 9 ,2 0 0 ; p a r , $ 1 0 0 .
B O N D S .— T h e fir s t m o r t . b o n d s a r e g u a r a n t e e d , p r in c ip a l a n d I n t e r e s t ,
b y th e B . & O . e n d o rs e d .
C a r t r u s t le a s e w a r r a n t s ( 5 s ) , $ 3 0 ,0 0 0 , d u e M a y 1
1909.
D u e B . & O . o n g e n e r a l a c c o u n t J u n e 3 0 1 9 0 7 , $ 9 3 4 ,7 0 5 .
R E P O R T f o r y e a r e n d in g J u n e 3 0 1 9 0 7 w a s In V . S o , p . 1 3 9 5 , s h o w i n g
g r o s s , $ 1 ,1 9 8 ,3 8 2 ; n e t , $ 2 8 1 ,4 6 8 ; I n t ., & c ., $ 2 8 1 ,9 3 3 ; b a l ., d e f . , $ 4 6 o .
( V . 8 5 , p . 1 3 9 5 .)
C O A L & C O K E R Y .— O w n s f r o m L e l t e r , W . V a . , t o C h a r l e s t o n , W . V a . ,
1 6 6 m ile s ; t r a c k a g e , L e lt e r t o E lk in s , 9 m .; M o r r is C r e e k b r a n c h , 3 m . ;
M a b le t o B e l ll n g t o n 17 m . ; b r a n c h f r o m M i d d le F o r k t o C a s s i t y F o r k , 1 2 m . ;
to m
207 m le s f
B r a n c h fr o m G a s s a w a y . W . V a ., t o W e b s t e r S p r in g s , 4 0
m i l e s Is t o b e b u i l t I n 1 9 0 8 . A b o u t 1 0 0 , 0 0 0 a c r e s o f c o a l l a n d s a r e o w n e d .
" s t o c k c o m . , $ 1 0 ,0 0 0 ,0 0 0 , a l l o u t s t a n d i n g ; 5 % p r e f . , $ 1 0 , 0 0 0 , 0 0 0 a u t h o r
iz e d O c t
1 9 0 7 , o f w h ic h $ 8 ,8 8 1 ,9 0 0 Issu ed to p u r c h a s e $ 6 ,3 0 0 ,0 0 0 b o n d s
a n d s e t t le m e n t o f o t h e r d e b t s ; b o n d s r e d u c e d t o $ 5 ,0 0 0 ,0 0 0 , o f w h ic h $ 2 ,
0 0 0 0 0 0 In t r e a s u r y .
V . 8 5 , p . 1 0 0 5 . . M o r tg a g e c o v e r s r o a d a n d c o a l la n d s .
V 78 p 4 7 .
C a r t r u s ts J u n e 3 0 1 9 0 7 . $ 4 9 8 ,0 0 0 , d u e $ 5 5 ,0 0 0 y e a r ly .
R e
p o r t f o r y e a r e n d i n g J u n e 3 0 1 9 0 6 ( 1 8 4 m i l e s ) w a s In V . 8 3 , p . 1 4 0 9
In
1 9 0 6 -0 7
g ross
$ 7 2 5 ,1 6 0 ; n e t , $ 1 6 4 ,5 9 4 ; n e t I n c o m e c o a l d e p t . , $ 1 0 0 ,6 8 4 ;
t o t a l n e t , $ 2 4 5 ,2 7 8 ; I n t. o n b o n d s , $ 4 8 2 ,8 9 6 ; o t h e r in t ., t a x e s , r e n t a ls , & c .,
$ 3 0 7 ,4 9 8 ; b a l ., d e f . , $ 5 4 5 ,1 1 6 .
P r e s ., H . G . D a v is , E lk in s , W . V a .; S e c .,
C . M . H e n d le y , W a s h ., D . C .— ( V . 8 5 , p . 9 2 0 , 1 0 0 5 .)
C O L E B R O O K D A L E R R .— P o t t s t o w n t o B a r t o , P a . , 1 2 .8 4 m il e s . L e a s e d
to
[VOL.. LXXXVI.
RAILWAY STOCKS AND BONDS.
42
P h lla .
& R e a d in g R y .
C o m m o n s t o c k , $ 2 9 7 ,2 1 5 ; p a r , $ 5 0 .
W h en
P a y a b le
B on d s— P r in c i
p a l, W h e n D u e .
S to c k s — L a s t
D iv id e n d
OR D IV ID E N D S
W h e r e P a y a b le , a n d b y
W hom
M
&
N C en tra l T ru st C o N
J P M organ & Co N
A & O
N ew Y ork
J &
J
e C le v e la
A & O
J
&
D
J &
J
See tex t
M
&
N
Q— M
Q— M
Y N o v 1 1953
Y A p r 1 1953
J an 2 1955
n d C in c in n a ti C h ic a g o &
2 W a ll S tr e e t N e w Y o r k
do
do
do
do
W in s lo w , L a n & C o N Y
F a rm e rs I. & T r C o N Y
W in s lo w , L a n & C o N Y
do
do
do
do
do
do
do
do
S t L o u is
O ct 1 1933
J u n e 1 1936
Jan
1 1930
Jan
1 1938
M ay 1 1935
M ch 2 1908 1 %
M ch 2 1908 1 %
J a n -O c t 1942
1 9 4 8 -1 9 5 0
O ct 1 1942
E lk in s W
Apr
V a o r B a lt
1 1919
&
&
&
D R e a d i n g T e r m in a l , P h lla J u n e 1 1 8 9 8
Y J u ly 1 1947
J C en tra l T ru s t C o N
J u ly 1 1954
In d e fa u lt
J
&
&
&
&
&
O H a llg a r t e n & C o
do
O
A O ffic e 71 B w a y
do
N
O G u a ra n ty T ru s t
N ew Y ork
&
&
N Y
do
N
Y
do
Co N Y
C h e m B it N Y ; & C o l S p
O In t T r C o .D e n v ; & C o lS p
O M T ru st N Y ; & C ol Sp
N ew Y ork
B o s to n B lo c k , D e n v e r
S a le D e p & T r C o , B a lt
Apr
Apr
F eb
M ay
O ct
N ov
Aug
Jan
Apr
O et
Jan
M ch
J u ly
1 1908
1 1908
1 1929
1 1935
’0 S - A p r
1 1925
’0 8 -F e b
l 1930
1 1921
1 1942
1 1958
1 1953
1 1937
2%
2 %
’ 17
’ 17
R y . , w h ic h s e e .
C o l o r a d o M i d l a n d Is c o n t r o l l e d J o i n t l y b y C o l o r a d o &
S o u th e rn a n d R io G ra n d e W e ste r n .
V . 70, p. 739.
In M c h . 1 9 0 2 , E d w in
H a w le y , P r e s , o f M in n e a p o lis & S t . L o u is R R . , a n d a s s o c ia te s , a c q u ir e d
c o n t r o l.
V . 74, p . 679, 727.
T h e v o t in g tru s t e x p ir e d A p r il 1 1 9 0 5 .
C o n tr o ls D e n v e r & I n te r u r b a n (E le c tr ic ) R y . u n d e r c o n s t r u c tio n fr o m D e n
v e r t o L o u is v ille J e t ., 1 6 m ile s , a n d t o o p e r a t e 2 8 m ile s o f C o l. & S o u . ,
w h i c h a r e t o b e e le c t r i f ie d , u n d e r le a s e .
V . 79, p. 1266; V . 85, p. 793.
I n 1 9 0 5 c o n t r o l o f C o l. S p r . & C r ip . C r . D is t. R y . w a s a c q u ir e d ; a ls o T r in .
& B r a z o s V a l . , C le b u r n e t o M e x la , T e x . , 7 9 m ile s , w it h e x t e n s io n s b u ild in g
( o f w h ic h h a lf I n t e r e s t la t e r s o ld t o S t . L o u is & S a n F r a n c i s c o ) , a n d W i c h i t a .
V a l. R y . . B y e r s t o S e y m o u r , T e x . , 7 5 m ile s .
S e e “ F in a n c e s ” b e lo w a n d V .
8 0, p. 1423, 1856; V . 81, p. 1241; V . 82, p. 928; V . 8 3, p . 695.
D I V I D E N D S .— 1st p r e f. 1 9 0 0 , 2 % ; 1 9 0 1 , 3 ) 4 % ; 1 9 0 2 , 3 ) 4 % : 1 9 0 3 , 4 % ;
1 9 0 4 , A p r il, 2 % ; 1 9 0 5 , n o n e ; 1906 a n d 1 9 0 7 , 4 % (A . & O .); 1 9 0 8 , A p r il,
2% .
O n 2 d p r e f . , in 1 9 0 7 , 4 % ( A . & O . ) ; 1 9 0 8 , A p r i l , 2 % .
B O N D S .— 1 st M ., se e V . 6 8 , p . 1 0 2 7 ; V . 7 7 , p . 2 1 5 8 ; V . 7 9 , p . 2 1 4 7 .
T h e $ 1 0 0 ,0 0 0 ,0 0 0 r e f u n d in g b o n d s o f 1 9 0 5 w e r e m a d e is s u a b le a s fo llo w s :
F o r r e f u n d i n g b o n d s a n d e q u i p m e n t o b l i g a t i o n s o f s y s t e m -------$ 3 6 ,8 5 0 ,0 0 0
F o r b e tte r m e n ts a n d Im p r o v e m e n ts , I n c lu d in g e q u ip m e n t , a t th e
c u m u la tiv e y e a r ly r a te , b e g in n in g J a n . 1 1 9 0 5 , o f $ 5 0 0 p e r
m i l e o f o p e r a t e d a n d c o n t r o l l e d l i n e s __________________________________ i^ -O O O .O O O
F o r r e i m b u r s e m e n t o f t h e t r e a s u r y o f t h e c o m p a n y , & c -----------------2 ,5 0 0 ,0 0 0
F o r a c q u is itio n o f a d d itio n a l p r o p e r t y (In clu d in g p r o p e r p r o v ls lo n f o r t h e c o s t o f d o u b l e - t r a c k i n g p a r t s o f t h e m a in l i n e s ) . . 4 o ,G o 0 ,0 0 0
E q u ip m e n t b o n d s o f 1 9 0 7 m a tu r e $ 5 1 ,0 0 0 s -a t o A p r il 1 1 9 1 4 ; t h e r e a ft e r .
$ 5 2 ,0 0 0 .
V . 8 4 . p .5 0 7 .
P u llm a n C o . c a r tr u s ts O c t . 31 1 9 0 7 , $ 2 4 1 ,7 9 6 .
T h e F o r t W o r t h & D e n v e r T e r m i n a l R y . , It is s t a t e d , a u t h o r i z e d a n is
s u e o f $ 2 ,5 0 0 ,0 0 0 3 0 -y e a r 6 % b o n d s d a t e d D e c . 1 1 9 0 7 .
V . 86, p . 52.
G E N E R A L F I N A N C E S . — I n A p r i l 1905 a s y n d i c a t e p u r c h a s e d a b o u t
$ 17 ,000 ,00 0 o f t h e I s s u e o f $ 1 0 0,00 0,0 00 r e f u n d i n g 4 ) 4 % b o n d s a n d a g r e e d
t o f u r n i s h $15 ,000 ,00 0 c a s h .
O f t h e s e b o n d s , $ 8 ,0 0 0 , 0 0 0 w e r e t o b e I s s u e d
t o t a k e u p e q u ip m e n t tru s ts a n d c e r ta in o t h e r o b lig a t io n s o f M ie C o lo
r a d o & S o u t h e r n a n d t h e F o r t W o r t h & D e n v e r C i t y , p a y f o r t h e C r ip p le
C r e e k S h o r t L in e R R . a n d p r o v id e w o r k in g c a p it a l, t h e
* 9 ,2 9 9 ,‘
000 t o p a y f o r a n e w e x t e n s i o n t o t h e G u l f a t a c o s t o f f r o m $17,000 t o $2 2 ,
000 a m i l e , I n c l u d i n g t h e T r i n i t y & B r a z o s V a l l e y . N o f u r t h e r b o n d s , e x c e p t
a b o u t $ 1 ,000,000 a y e a r f o r a d d i t i o n s a n d b e t t e r m e n t s , c a n b e I s s u e d b e f o r e
1909 w i t h o u t c o n s e n t o f s y n d i c a t e m a n a g e r s . V . 80i p . 1423, 1971; s e e V.
p . 276.
O n O c t . 31 1907, $ 20 ,482 ,05 2 h a d b e e n i s s u e d , b u t $ .,1 9 4 ,8 1 4
w e r e In t r e a s u r y .
.
,
_ ,
. „
T h e R o c k I s la n d C o . h a s a g r e e d t o s h a re e q u a lly w ith th e C o lo r a d o S o u t h
e r n In a n y d e f i c i e n c y I n e a r n i n g s o f T r i n i t y & B r a z o s V a l l e y t o m e e t t h e
I n te r e s t o n th e b o n d s ( a p p r o x im a t e ly $ 9 ,0 0 0 ,0 0 0 ) t o b e I s s u e d u n d e r
C o lo r a d o & S o u th e r n m o r tg a g e t o c o n s t r u c t th e r o a d fr o m r o r t W o r th t o
H o u s t o n , T e x ., a n d t o p a y o n M a y 1 1 9 3 5 (d a t e o f m a t u r it y C o l. S o . r e fu n d
i n g m t g e . ) f o r a n u n e n c u m b e r e d h a l f I n t e r e s t In T r i n i t y & B r a z o s V a l l e y
s e c u r i t i e s o r j o i n In r e - f i n a n c i n g s a m e .
V . 82, p. 986; V. 83, p. ooo.
R Y .— O w n s f r o m C o l o r a d o S p r i n g s t o N e w
C a s t le , C o l ., t h r o u g h B u s k -I v a n h o e tu n n e l, 2 34 m ile s , In c lu d in g S n o w d e n
t o L e a d v l ll e , 8 m ile s , n o t o p e r a t e d ; J e r o m e P a r k b r a n c h , 1 5 m ile s ; A s p e n
b r a n c h , 18 m ile s ; t o t a l o w n e d , 2 6 7 m ile s .
L e a s e s N e w C a s tle t o R ifle C r e e k ,
14 m ile s , a n d R io G r a n d e J u n c t io n R R . , R ifle C r e e k , C o l ., t o G r a n d J u n c
t i o n , 6 3 m ile s ; t o t a l o w n e d a n d le a s e d , 3 4 4 m ile s .
O R G A N I Z A T I O N . — S u c c e s s o r O c t . 1 8 9 7 t o t h e C o l o r a d o M id la n d R a i l
r o a d , f o r e c l o s e d a n d r e o r g a n iz e d p e r p la n I n V . 6 4 , p . 1 2 2 4 , 1 2 2 6 .
In M a y
1 9 0 0 a m a j o r i t y o f t h e s t o c k w a s p u r c h a s e d In t h e j o i n t in t e r e s t o f t h e C o l o
ra d o & S ou th ern a n d D e n v e r & R io G ra n d e.
V . 7 0 , p. 6 8 6 , 7 9 1 .9 9 7 ,1 2 9 0 ;
V . 7 1, p. 28; V . 73, p. 1111.
N o s t o c k Is h e ld b y t h e p u b li c .
P r e f.
$ 6 ,0 0 0 ,0 0 0 ; c o m m o n , $ 4 ,0 0 0 ,0 0 0 .
B O N D S .— I n J u n e 1 9 0 0 th e r ig h t t o Issu e $ 5 0 0 ,0 0 0 p r io r H en 4 s w a s
w a iv e d ; V . 7 0 , p . 1 2 9 0 ; se e a ls o V . 7 1 , p . 1 3 9 .
( V . 7 2 , p . 8 2 1 .)
E A R N I N G S .— 8 m o s . J 1 9 0 7 - 0 8 ________G r o s s , $ 1 , 5 8 4 , 3 2 8 ; n e t , $ 2 9 9 , 5 6 3
J u ly 1 to F e b . 2 9 .
1 1 9 0 6 - 0 7 . ............G r o s s ,
1 ,6 7 3 ,2 5 0 ; n e t ,
4 3 6 ,3 6 0
D e f i c i t u n d e r c h a r g e s , $ 4 , 3 4 5 a g a i n s t s u r p l u s $ 1 6 8 , 3 0 7 In 1 9 0 6 - 0 7 .
Y ea r
G ro ss.
N et.
M i s c . in c .
C h a rges.
B a la n c e .
1 9 0 6 -0 7
...$ 2 ,4 5 4 ,6 1 0
$ 5 8 0 ,5 9 1
$ 4 9 ,6 9 1
$ 4 4 3 ,2 9 4
s u r .$ l8 6 ,9 8 8
1 9 0 5 -0 6
’ _____ 2 , 1 3 2 , 6 6 5
6 0 4 ,7 5 5
4 0 ,9 4 8
5 2 2 ,0 6 1
s u r . 1 2 3 ,6 4 2
O F F I C E R S .— P r e s ., F ra n k T r u m b u ll; V lc e -P r e s ., C h a s. H . S c h la c k s ;
T r c a s ., H . B . H e n s o n ; S e c ., J . S te u a r t M a c K Ie , 71 B r o a d w a y , N e w Y o r k .
D ir e c t o r s .— G r e n v ille
M . D o d g e , E d w in
H a w le y , L . C . H e n d e r s o n ,
G e o r g e J . G o u ld , E d w in G o u ld , W in s lo w S . P ie r c e , H a r r y B r o n n e r , E . T .
J e ffe r y , F r a n k T r u m b u ll a n d C h a s . H . S c h l a c k s .— ( V . 7 7 , p . 2 0 3 5 , 2 3 8 9 .)
E A R N I N G S . — I n c lu d in g F t . W o r t h & D e n v e r C it y a n d a ll a f f ilia t e d lin e s :
8 M o s . e n d in g F e b . 2 9 .
G ro ss.
N et.
C /w r f/e s O V e O . B a l., S u r .
1 9 0 7 - 0 8 . ............ .. .................. $ 1 0 , 1 9 4 , 5 7 9
$ 3 ,6 0 3 ,9 6 1
5 1 .7 3 2 '« 99
^ I '8 8 8 ’ 274
8 ,9 4 3 ,5 1 9
3 ,0 1 0 ,5 9 6
l ; 5 2 ? : 77,4 , A ' 4 8 2 ' 8 2 2
1 9 0 6 - 0 7 _____________________
F o r c a le n d a r y e a r 1 9 0 7 ( V . 8 6 , p .6 6 8 ) I n c o m e
a p p lic a b le to In te re st w a s
$ 2 ,7 3 5 ,3 2 8 ;
I n t e r e s t c h a r g e s , 5 1 , 2 8 2 ,9 5 2 ; a d d e q u i t y In n e t I n c o m e o f
c o n t r o ll e d p r o p e r t ie s , $ 9 1 3 ,5 5 2 ; d i v . o n 1st p r e f. s t o c k ( 4 % ) , $ 3 4 0 ,0 0 0 ,
d i v . o n 2 d p r e f. s t o c k ( 4 % ) , $ 3 4 0 ,0 0 0 ; b a la n c e , s u r p lu s , $ 1 ,6 8 5 ,9 2 8 .
C O L O R A D O & N O R T H W E S T E R N R R .— B o u l d e r t o W a r d , C o l . , 2 6
m i l e s ; S u n s e t t o E l d o r a , 2 0 m i l e s ; b r a n c h e s , 5 m i l e s ; t o t a l , 51 m i l e s R e a c h e s
D e n v e r U n io n D e p o t fr o m B o u ld e r o v e r C o lo r a d o & S o u th e r n (t h ir d -r a il).
V . 80, p . 650.
W . B . H a y e s Is r e c e i v e r .
V . 84, p . 1427.
S t o c k , $ 1 ,0 0 0 ,0 0 0 .
B o n d s se e ta b le a b o v e .
V . 7 8, p. 1961; V . 7 9, p.
212, 268; V . 85, p. 864.
Y e a r e n d in g J u n e 3 0 1 9 0 0 , g r o s s , $ 8 9 ,0 4 6 ; n e t ,
$ 6 ,9 2 4 ; o p e r . e x p . , I n c lu d in g $ 3 7 ,0 0 0 f o r e q u i p m e n t .— ( V . 8 5 , p . 8 6 4 .)
O F F I C E R S . — C h a ir m a n , G r e n v ille M . D o d g e , N . Y . ; P r e s ., F r a n k T r u m
b u ll, N . Y . : G e n . M g r ., J o s e p h H . Y o u n g , D e n v e r , C o l.; S e c . a n d T r c a s .,
J a m e s S te u a r t M a c K Ie , 71 B r o a d w a y , N e w Y o r k .
D ir e c t o r s — G r e n v ille M , D o d g e . H e n r y B u d g e , J a m e s N . W a lla c e , J o h n J .
E m e r y , B . F . Y o a k u m , E d w in H a w le y , F ra n k T r u m b u ll, H e n r y E . H u n t
in g t o n , W . S . C r a n d e ll, L e v i C . W e ir , H a n s W ln t e r fc ld t , a n d H a r r y B r o n n e r
N . Y .;
H e n r y W a lt e r s , B a lt i m o r e , M d .— (V . 8 6 , p . 2 2 8 , 4 2 0 , 6 6 8 .)
COLORADO
M ID L A N D
C O L O R A D O & SO U T H E R N R Y . — ( S e e M a p . ) — 'O p e r a t e s a s y s t e m f r o m
O r ln J e t ., W y o m in g , t h r o u g h C o lo r a d o t o F o r t W o r t h , T e x ., a n d b y e x
t e n s io n s b u ilt t o 1 9 0 6 -0 7 r e a c h e s t id e w a t e r a t G a lv e s t o n , T e x . , a n d a ls o
H o u s t o n , D a l l a s a n d o t h e r p o i n t s , v i z . ': ( ‘ w h i c h s e e ) .
C o n tr o lle d —
M iles.
L in e s O w n ed —
M ile s.
C h e y e n n e t o O r l n J u n c t i o n ________ 1 5 4 F o r t C o l l i n s D e v e l o p m e n t __________ 1 7
D e n v e r t o B e s s e m e r J e t . , C o l o ____1 2 9 C o l o r a d o R R ------------------------------------------- 19
D e n v e r t o L e a d v . ( n a r . g a u g e ) . . 1 5 2 F o r t W o r t h & D e n v e r C i t y _______* 4 5 4
C o m o t o B a ld w in M in e
( d o ) _ . 1 3 1 C o l . S p r . & C r i p . C r . D i s t r i c t _____ * 7 5
T r i n i d a d . C o l . , t o T e x . S t . l i n e . . 1 3 5 W i c h i t a V a l l e y ................................... . . * 1 1 3
O t h . l i n e s , b r . , & c . ( 1 0 3 n a r . g a u g e ) 3 5 9 |W i c h i t a F a l l s & O k l a h o m a ............... 2 3
T ra cka ge— P u e b lo
to
W a ls e n b ’ g
|A b i l e n e & N o r t h e r n .......................... . . 3 8
( D e n v e r & R i o G r a n d e ) .................. 5 8 | T r l n l t y & B r a z o s V a l l e y ................... ‘ 4 2 2 6
T o t a l ............. .......................................... 1 ,1 1 8 | T o t a l .........................................................5 2 , 2 7 9
b I n c lu d e s 1 1 4 m ile s t r a c k a g e .
A l s o o w n s h a l f I n t e r e s t In C o l o r a d o M i d l a n d , o p e r a t i n g 3 3 6 m i l e s .
O R G A N I Z A T I O N . — S u c c e e d e d o n J a n . I t 1 8 9 9 , p e r p l a n In V . 6 7 , p .
7 4 8 , th e U n io n P a c ific D e n v e r & G u lf a n d D e n v e r L e a d v llle & G u n n is o n .
O w n s a la r g e m a jo r it y o f t h e c o m m o n s t o c k o f F o r t W o r t h & D e n v e r C it y
R E P O R T . — R e p o r t fo r 1 9 0 6 -0 7 a t le n g t h , s h o w in g o p e r a t io n s o f s y s te m ,
I n c lu d in g th e F t . W o r t h & D e n v e r C it y a n d C o l. S p r . & C r ip . O r. D is t . K y ..
F o r t C o llin s D e v . R y . , C o lo r a d o R R . a n d W i c h i t a V a lle y
I n g s o f t h e p o r t i o n o f t h e T r i n i t y & B r a z o s V a l l e y *n 1° P e r a ’^LcV i ‘ ) e llff
In o t h e r I n c o m e ) , w a s In V . 8 5 . p . 8 5 5 , 8 6 8 ; e d i t o r i a l , p . 8 3 4 .
0 5' .
Y e a r e n d in g J u n e 30—
1900-07.
'1 a9n0A4 -- n
1 ,6 6 3
M i le s o p e r a t e d -------- ------------1 .8 - )7 m
P r l ’ i 'i i
$ 9 ,4 4 3 ,4 2 6
G r o s s e a r n i n g s ________________________________ $ 1 3 , 4 5 0 , 4 8 9 $ l 4 ' 8 9 3 . ’ 4A ~
7 ,2 3 0 ,6 1 7
O p e r a tin g e x p e n s e s
a n d t a x e s _________
9 ,5 8 2 ,1 1 4
$ 2 ,2 1 2 ,8 0 9
N e t e a r n i n g s ________________________________ $ 3 , 8 7 4 , 3 7 o
T o t a l n e t I n c o m e ____________________________ $ 3 , 9 8 5 , 4 5 7
I n t e r e s t o n b o n d s , & c ____________
1 ,8 9 3 , 5 9 9
D i v i d e n d s o n f i r s t p r e f e r r e d ______________
(4 )3 4 0 ,0 0 0
D i v i d e n d s o n s e c o n d p r e f e r r e d _____ _
(2 )1 7 0 ,0 0 0
B a l a n c e , s u r p l u s ________________________ $ 1 , 7 0 6 , 1 4 6
$ 1 ,5 9 6 ,2 1 2
C O L O R A D O S O U T H E R N N E W O R L E A N S & P A C I F I C R R ,— (S e e S t. L .
<S\S. F . M a p . ) — B a t o n R o u g e , L a . , t o H o u s t o n , l e x . , 3 0 3 m . , o p e n e d o b o u t
D e c . 1 1 9 0 7 ; fr o m B a to n R o u g e t o h a v e Illin o is C e n tr a l tr a c k a g e t o N e w
O rle a n s , 1 30 m . E x te n s io n w a s b u ilt fr o m D e Q u ln c c y to H o u s t o n , T e x .,
137 m .. In clu d in g K a n s a s C ity S o u . tr a c k a g e b e tw e e n D e Q u ln c e y a n d
B e a u m o n t, T e x ., 47 m ., a n d th e B e a u m o n t S o u r L a k e & W e s te rn R R .,
B e a u m o n t t o S o u r L a k e , 22 m ., a n d th e O ra n g e & N o r th w crtc s n R R ..
N e w t o n t o O r a n g e , T e x . , 61 m . , a c q u i r e d .
T h e S t . L o u is & S a n F r a n , o w n s a ll t h e s t o c k a n d le a s e s t h e r o a d f o r 9 9 9
y e a r s , $ 8 ,5 0 0 ,0 0 0 o f th e b o n d s b e in g d e p o s it e d as s e c u r it y f o r $ 7 ,5 0 0 ,0 0 0
S t . L o u is & S a n F r a n , n o t e s .
V . 82, p. 928.
B o n d s , s e c ta b le a b o v e .
V.
82, p. 509, 868.
E q u ip m e n t t r u s t n o t e s g u a r , b y S t . L o u is & S a n F r a n .,
V . 84, p . 507.
O ld b o n d s o f c o m p a n ie s a c q u ir e d , fo r w h ic h S t . L o u is & S a n
F r a n . g e n . H en b o n d s o f 1 9 0 7 a r e r e s e r v e d , $ 4 2 4 ,0 0 0 O r a n g e & W e s t e r n 1 st
3 0 - y e a r 5 s d u e S e p t . 15 1 9 3 3 a n d $ 1 7 0 , 0 0 0 B e a u m o n t S o u r L a k e & W e s t e r n
fir s t 6 s m a t u r in g J u ly 1 1 9 3 5 .
P r e s ., A . J . D a v id s o n , S t . L o u is , M o .—
( V . 8 2 , p . 9 8 6 ; V . 8 4 , p . 4 4 9 , 5 0 7 ; V . 8 5 , p . 5 3 0 .)
COLORADOSPRINGS&CRIPPLECREEKDISTRICTRY.—Colorado
Springs to Cripple Creek, Col.. 46 m.; branch, Cameron to Victor, o m.;
A pr , 1908.J
RAILWAY STOCKS AND BONDS.
43
[VOL. LXXXYI.
RAILWAY STOCKS AND BONDS.
44
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of
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o lu m b ia S o u t h e r n — F ir s t m t g e g o ld $ 2 ,1 0 0 ,0 0 0
o lu m b ia & G r e e n v ille — S e c S o u t h e r n R y
o lu m b u s & T o le d o — S ee H o c k in g V a lle y R y
o lu m b u s & X e n ia — S to c k 8 % ren ta l
-------o m b in a t io n B r id g e (S io u x C it y l a ) — H i s t m o r t g a g e
o n c o r d & C la r e m o n t (N H )— F ir s t m o r t g a g e . . - ..
o n c o r d & M o n t r e a l— S t o c k C la s s I ( B C 4 M
p r e f)-S t o c k C la s s I I (B C & M n e w )
--------------------------------S t o c k C la s s I I I (B C & M o l d s t o c k )
- - - - - - - - - -
S t o c k C la s s I V (C o n c o r d ) $ 6 ,0 0 0 ,0 0 0 a u t h (t e x t ) . .
B o s t o n C o n e & - M o n t r e a l I m p r o v e m e n t m t g e ----------- c
C o n c o m & M o n tre a l co n s M fo r $ 5 ,5 0 0 ,0 0 0 -.B B .c *
D e b e n t u r e b o n d s $ 1 , 1 5 0 , 0 0 0 c u r r e n c y ----------------------- c *
do
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$ 5 0 0 , 0 0 0 I n t e r e s t g u a r a n t e e d _____
C o n c o r d & P o r t s m o u t h — S t o c k 7 % r e p t a l 9 9 y r s -------C o n n & P a s s u m p s ic — P r e f s t o c k 6 % re n ta l 99 y r
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C o p p e r Range — F i r s t m o r t g a g e g o l d ( s e e t e x t ) .
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See te x t
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10
o t h e r b r a n c h e s a n d s p u r s , 2 4 m . ; t o t a l , 7 5 m . , o f w h i c h 5 9 m . s t e a m , 1 4 m 1*
s te a m a n d e le c tr ic a n d 2 m . p u r e ly e le c t r ic .
In J a n . 1 90 5 C o lo r a d o &
S o u t h e r n a c q u ir e d a ll t h e s t o c k e x c e p t $ 9 0 0 c o m .
V . 8 0 , p . 4 7 2 ,1 1 1 1 , 1 4 2 3 .
S t o c k , a ll o u t s t a n d in g , c o m ., $ 1 ,2 0 0 ,0 0 0 ; p r e f., 5 % , n o n - c u m ., $ 8 0 0 ,0 0 0 .
P a r o f sh ares, $100 ea ch .
S in k in g fu n d c a n r e tir e firs t m t g e . b o n d s y e a r ly
a t 1 1 0 f o r t h e fir s t 1 5 y e a r s , th e n a t 1 0 7 H f o r 5 y e a r s , t h e n 1 0 5 f o r t h e n e x t
fiv e y e a r s , th e n 1 0 2 H f o r th re e y e a r s , th e r e a fte r a t p a r .
V . 76, p. 345.
E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 0 0 6 , g r o s s e a r n in g s , * 1 .1 1 8 ,1 7 2 ;
n e t I n c o m e . $ 5 8 7 ,1 6 4 ; t o t a l d e d u c t io n s , $ 4 0 1 ,0 2 4 ; d iv id e n d s , $ 1 2 4 ,0 0 0 ,
b a l ., s u r ., $ 6 2 ,1 4 0 .
E a r n i n g s a r e I n c l u d e d In t h o s e o f C o l . « S o u . R y .
sy stem .
P r e s ., F r a n k T r u m b u ll .— (V . 8 1 , p . 7 2 5 .)
C O L O R A D O T E X A S & M E X IC O R R .— V . 8 6 , p. 8 5 6 ,0 1 7 .
C O L U M B IA N E W B E R R Y & L A U R E N S R R .— C o l u m b i a
L au ren s,
S . C ., 75 m .
S t o c k , $ 5 0 0 ,0 0 0 .
B o n d s w e r e 6 s , b u t r e - i s s u e d a s 3si I n 1 9 0 0
u n d e r a g r e e m e n t , c e r t ific a t e s o f In te re s t t o a m o u n t t o 4 0 % o f b o n d s b e in g
Is s u e d b e a r in g I n te r e s t If e a r n e d .
E A R N I N G S . — 8 m o s . , J 1 9 0 7 - 0 8 ............................G r o s s , * 2 0 5 , 5 3 3 ; n e t , $ 4 , 5 0 6
J u ly 1 to F e b . 2 9 .
U 9 0 6 - 0 7 ............................G r o s s ,
2 1 0 ,6 9 0 ; n e t . 19 4 6 8
Y e a r e n d i n g J u n e 3 0 1 9 0 7 , g r o s s , $ 3 1 1 ,9 5 5 ; n e t $ 4 5 , 1 5 6 , c h a r g e s . $ 3 7 , 0 4 9 ,
b a l ., s u r ., $ 8 ,1 0 7 .
P r e s . , W . G . C h i l d s , C o l u m b i a , fc>. C .
$ 2 ,0 0 0 ,0 0 0 .
O w n ed M a rch 1908 b y G e o . E .
y e a r e n d in g J u n e 3 0 1 9 0 7 , g r o s s , $ 1 0 ,9 7 0 ; o p e r . d e f . * 5 .1 7 2 , t o t a l , d e d u c
t i o n s , $ 5 3 5 ; b a l . , d e f . , $ 5 ,7 0 7 .— ( V . 8 2 , p . 1 3 7 9 ; V . 8 3 , p . 1 2 9 0 .)
c m IIM R IIS & Y F N I A R R .— O w n s fr o m C o lu m b u s , O ., t o X e n ia , O .,
5 5 m ile s .
O p e r a t e d a s a d i v i s i o n o f t h e L i t t l e M i a m i a n d Is l e a s e d f o r 9 9
y e a r s f r o m D e c . 1 8 6 9 , in c o n n e c t i o n w i t h t h a t r o a d , t o t h e P i t t s b u r g h C in
c in n a ti C h ic a g o & S t . L o u is , w h ic h
pa ys 8 % on stock .
T h e le a s e Is g u a r
a n te e d b y P e n n s y lv a n ia R R . C o .
D iv id e n d s 2 -5 % p e r a n n u m , fr o m a sse ts,
w e r e d i s c o n t in u e d In 1 9 0 1 .— ( V . 7 2 , p . 5 3 2 .)
C O M B IN A T IO N B R I D G E (S IO U X C I T Y , I A .) .— O w n s s t e e l b r i d g e 1 ,9 4 0
f e e t lo n g o v e r M is s o u r i R i v e r , w it h a p p r o a c h e s , 1 m ile , u s e d b y r a ilr o a d s
a n d s tr e e t ca rs a s a h ig h w a y .
S t o c k , $ 1 ,5 0 0 ,0 0 0 .
M t g e . t r u s t e e . U n io n
T r u s t C o . I n d ia n a p o lis , I n d .
P r e s ., J o s . C . H e a d , L a t r o b e , P a .; S e c ., F .
L . E a t o n . S io u x C i t y , l a . — ( V . 7 8 , p . 1 0 2 , 2 8 6 .)
C O N C O R D & M O N T R E A L R R .— F r o m N a s h u a , N . H . , v i a C o n c o r d ,
P l y m o u t h , & c ., t o G r o v e t o n a n d t h e W h i t e M o u n t a i n s , 4 5 0 m ile s In a ll,
I n c lu d in g M a n c h e s t e r & K e e n e , 3 0 m .; o w n e d J o in tly , 4 1 4 m .; 3 5 m . d o u b le
tra ck .
O w n s C o n c o r d S t r e e t R y . , 13 m .; a ls o e le c t r ic b r a n c h fr o m C o n c o r d
t o M a n c h e s t e r , N . H . , 17 m ile s , a n d N a s h u a & A c t o n R R . , 2 0 m ile s .
O n J u n e 2 9 1 8 9 5 le a s e d t o B o s t o n & M a in e f o r 9 1 y e a r s a t r e n t a l o f 7 %
p e r a n n u m o n a ll s t o c k . — ( V . 8 4 , p . 4 4 0 ; V . 8 5 , p . 8 6 4 , 9 2 1 ; V . 8 6 , p . 6 6 8 . )
C O N C O R D & P O R T SM O U T H R R .— O w n s P o r t s m o u t h , N . H . , t o M a n
ch ester, N . I I .,4 0 T £ m .
L e a s e d t o C o n c o r d R R . In 1 8 6 2 f o r 9 9 y e a r s ; r e n t a l ,
$ 2 5 ,0 0 0 ; 7 % o n s t o c k a n d o r g . e x p .
O p e r a t e d b y B o s t o n & M a in e .
C O N N E C T IC U T & P A S S U M P S IC R I V E R S R R .— W h i t e R i v e r J e t . , V t .
t o C a n a d a L i n e , 1 1 0 m . ; le a s e s 9 9 9 y e a r s M a s s a w lp p l V a l l e y , 3 7 m ile s .
L E A S E . — F r o m J a n . 1 1 8 8 7 , le a s e d t o t h e B o s t o n & L o w e l l f o r 9 9 y e a r s
o n a b a s is t o p a y C . & P . s t o c k 5 % t ill J a n . 1 8 9 7 a n d 6 % t h e r e a ft e r .
S E C U R I T I E S . — M a s s a w lp p l s t o c k r e c e iv e s s a m e d i v id e n d s a s s t o c k o f
le s s e e a n d $ 4 0 0 , 0 0 0 o f I t ( n o t I n c l u d e d In t h e a m o u n t o u t s t a n d i n g ) Is p l e d g e d
a s p a r t s e c u r ity fo r 4s o f 1 8 9 3 .
O f t h e $ 2 ,5 0 0 ,0 0 0 p r e f .i $ 5 0 0 ,0 0 0 , a s a ls o
$ 5 0 ,0 0 0 M a s s a w lp p l V a ll e y R y . s t o c k , a r e r e p r e s e n te d b y C o n n e c t ic u t T r u s t
& S a fe D e p o s it C o . o f H a r t fo r d 5 % tr u s t c e r t ific a t e s , u n d e r w h ic h th e V e r
m o n t V a lle y h a s th e r ig h t , f o r 4 5 y e a r s fr o m A u g . 1 1 8 8 5 . t o p u rch a s e th e
t r u s t s t o c k a t p a r a n d I n t e r e s t a n d In t h e m e a n t i m e r e c e i v e s a l l d i v i d e n d s
a b o v e 5 % p e r a n n u m o n t h e s t o c k d e p o s i t e d In t r u s t . — ( V . 5 7 , p . 1 0 4 0 . )
C O N N E C T IC U T R I V E R R R . — O w n s f r o m S p r i n g f i e l d , M a s s . , t o K e e n e ,
N . H . , 7 4 m . ; B e llo w s F a lls t o B r a t t l e b o r o , V t . , 24 m .; b r a n c h e s , 6 m .; t o t a l ,
1 0 4 m ., o f w h ic h 50 d o u b le -t r a c k e d .
C o n tr o ls S u lliv a n C o . R R . , B e llo w s
F a lls t o W i n d s o r , V t . , 2 6 m ile s .
V . 8 0, p . 1478; V . 81, p . 890, 1723.
L E A S E . — L e a s e d f o r 9 9 y e a r s f r o m J a n . 1 1 8 9 3 t o t h e B o s t o n & M a in e ,
a n n u a l r e n t a l (a s a m e n d e d O c t . 1 0 1 8 9 5 ) b e in g 1 0 % p e r a n n u m o n c a p i t a l
s t o c k , p a y a b le d ir e c t ly t o s t o c k h o ld e r s ; a ls o In te re s t o n b o n d s a n d s c r ip a n d
$ 2 ,0 0 0 f o r o r g a n iz a t io n e x p e n s e s .
L e s s e e p a y s a ll t a x e s , o p e r a t i n g e x
p e n s e s , & c ., b u t le s s o r t o Issu e Its s t o c k o r b o n d s f o r p e r m a n e n t I m p r o v e
m e n t s . — ( V . 8 1 , p . 8 9 9 , 9 7 4 , 1 7 2 3 ; V . 8 3 , p . 6 2 5 .)
C O N N E C T IN G R Y . ( P H I L A D E L P H I A ).— O w n s f r o m G i r a r d A v e . t o
F r a n k fo r t J e t ., P a ., 6 m .; N o r t h P h lla . t o C h e s tn u t H ill, 7 m .; b r a n c h e s ,
& c ., 2 4 m . : t o t a l , 3 7 m .
V . 73, p. 390.
S t o c k a u t h o r iz e d , $ 5 ,8 0 0 ,0 0 0 ; o u t
s t a n d i n g , $ 3 ,6 1 3 ,6 5 0 ; a ll o w n e d b y P e n n s y lv a n ia R R .
D iv id e n d s 1 9 0 2 t o
D ec. 1 9 0 7 I n c lu s iv e , 4 % y e a r ly (J . & D . ) . — ( V . 7 o , p . 1 3 o 4 .)
CO O PERSTO W N & C H A RLO TTE V A L L E Y R R .
(S e e M a p D e l . &
H u d . ) . — O w n s C h a r l o t t e C r o s s i n g t o D a v e n p o r t C e n t r e , 4 . o l m . ; le a s e s f o r
9 9 y e a r s fr o m J a n . 1 1 8 8 9 , C o o p e r s to w n & S u s q . V a lle y R R . , C o o p e r s to w n
t o C h a r l o t t e C r o s s in g , w it h b r a n c h t o C o o p e r s t o w n J e t ., 1 9 .4 8 m . , g u a r a n
t e e in g I n te r e s t o n la t t e r ’ s $ 2 0 0 ,0 0 0 5 % b o n d s .
S t o c k , $ 4 5 ,0 0 0 , a c q u ir e d
J u ly 1 9 0 3 b y D e l. & H u d .— ( V . 7 7 , p . 8 8 .)
C O P P E R R A N G E R R .— C a l u m e t , M i c h . , t o M a s s C i t y , w i t h b r a n c h e s ,
t o t a l , 8 2 r r i.; s i d e t r a c k s , 3 3 m .
S t o c k , $ 4 ,0 0 3 ,7 0 0 , o f w h ic h $ 1 ,3 9 8 ,6 0 0
o w n e jd b y C o p p e r R a n g e C o n s o l i d a t e d ( M i n i n g ) C o .
B o n d s lim ite d to
$ 2 0 ,0 0 0 p e r m ile o f m a in lin e a n d b r a n c h e s a n d $ 1 5 ,0 0 0 p e r m ile o f s id in g s .
O f t h e $ 2 , 0 2 5 , 0 0 0 b o n d s o u t s t a n d i n g , $ 6 1 5 , 0 0 0 w e r e I n J a n . 1 9 0 7 h e l d In
th e tr e a s u r y o f th e C o p p e r R a n g e C o n s o lid a t e d C o .
V . 7 8, p . 228.
E A R N I N G S — 8 m o s . , J 1 9 0 7 - 0 8 __________ G r o s s , $ 5 5 6 , 1 5 0 ; n e t . $ 1 5 3 , 0 3 2
J u lv 1 to F e b . 2 9 .
1 1 9 0 6 - 0 7 . . ............. . G r o s s ,
5 2 6 ,5 6 6 ; n e t ,
1 8 9 ,6 3 6
F i x e d c h a r g e s $ 9 9 , 3 0 0 In 1 9 0 7 - 0 8 , a g a i n s t $ 9 5 , 5 0 0 .
Y e a r e n d in g J u n e 3 0 1 9 0 7 , g r o s s , $ 8 1 0 ,2 9 2 ; n e t , $ 2 8 5 ,9 3 6 ; In te re s t, $ 1 0 1 ,
2 5 0 ; b a l ., s u r ., $ 1 8 4 ,6 8 6 .
P r e s ., W illia m
A . P a in e ; S e c . a n d T re a s.
F r e d e r ic k S t a m v o o d , B o s t o n .— ( V . 7 8 , p . 2 2 8 .)
C O R N W A L L & LE B A N O N R R .— O w n s L e b a n o n , P a . , t o C o n e w a g o ,
1 .6 6 m . ; b r a n c h e s 4 .7 k m .
In 190 1 th e P e n n s y lv a n ia S te e l C o . a c q u ir e d
$ 5 4 0 ,0 0 0 s t o c k - r e m a in d e r m o s t ly o w n e d b y L a c k a w a n n a S te e l C o .
D I V 1\ T o 1 8 9 3 . ’ 9 4 . ’ 9 5 . ’ 9 6 . ’ 9 7 . ’ 9 8 . '9 9 . * 0 0 . ’ 0 1 . ’ 0 2 t o ’ 0 6 . ’ 0 7 . 1 9 0 8 .
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R A IL R O A D S
F o r e x p l a n a t i o n o f c o l u m n h e a d in g s , & c . t s e e n o te s
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A p r 1 1908 1 U
A p r 1 1908 1 %
A p r 1 1908 1 H
J a n 1 1911
J u n e 1 1920
J u n e 1 1920
J u n e 1 1930
j a n 190 8 n yt %
F eb 1 1008 3 %
A p r 1 1943
F e b 1908 3 %
J a n 1 1911
Jan 1 1908 5 %
S ep t 1 1943
J a n 1 1921
Tan 1 1 9 2 3
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M ay 1 1913
•
M ch 15 1032
•
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•
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■
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A pr 11921
O c t 21 1 0 0 7
O c t 21 1 0 0 7
D e c 1 1025
M ch 1 1933
M ch 1 1055
F eb 1 1925
M ch 1 1957
J u ly 1 195 2
J u n e 1 1912
" R
I N G S . — 6 m o s . , J 1 9 0 7 _________________ G r o s s , $ 1 8 8 , 6 1 5 ; n e t , $ 6 6 , 9 5 9
U ly 1 t o D e c . 3 1 .
\ 1 9 0 6 _________________ G r o s s ,
2 4 2 ,9 6 4 ; n e t . 1 2 3 ,1 5 7
S u r p l u s o v e r c h a r g e s . 6 m o n t h s , $ 5 1 , 9 6 1 In 1 9 0 7 , a g a i n s t $ 1 0 0 , 0 0 9 .
In
1 9 0 6 -0 7 , g r o s s , $ 4 8 1 ,7 0 0 : n e t , $ 2 4 1 ,0 9 0 ; o t h e r I n c o m e , $ 1 0 ,7 9 0 ; c h a r g e s ,
$ 5 2 , 5 2 9 : d l v . ( 8 % ) , $ 6 4 , 0 0 0 ; b a l . , s u r . , $ 1 3 5 , 3 3 1 .— ( V . 8 4 , p . 2 7 0 . )
C O R V A L L I S & E A S T E R N R R .— O w n s Y a q u ln a t o I d a n a h , O r e ., 142
m ile s .
L a n d g r a n t w a s 8 5 0 ,0 0 0 a c r e s .
S u c c e s s o r In 1 8 9 7 o f O r e . C e n t r a l &
E a s te r n , a n d s o o f O r e g o n P a c ific , fo r e c lo s e d D e c . 1 8 9 4 .
In 1907 th e
S o u t h e r n P a c if i c a c q u ir e d a ll t h e s t o c k ( $ 1 ,4 1 0 ,0 0 0 ) a n d $ 1 ,4 1 0 ,0 0 0 4 %
bon ds due F eb. 1 1998.
V . 84, p. 1427.
E A R N I N G S .— I n y e a r e n d in g J u n e 3 0 1 9 0 7 , g r o s s , $ 2 3 5 ,8 0 7 ; n e t , $ 0 6 ,
0 1 4 ; t o t a l d e d u c t io n s , $ 6 4 ,1 5 1 .
P r e s . , ,T. P . O ’ B r i e n : T r e a s . . J o h n W . N e w
k ir k ; S e c ., H . F . C o n n o r .
O f f i c e , P o r t la n d , O r e .— ( V . 8 4 , p . 1 4 2 7 .)
“ COTTON
B E L T .” — C o m m o n
nam e
fo r
S t . L o u is
S o u th w estern
R y.
C R I P P L E C R E E K C E N T R A L R Y . — D iv id e , C o l ., t o C r ip p le C r e e k a n d
F lo r e n c e , & c ., 7 6 m .; V ic t o r t o V is ta G r a n d , 6 m .; b r a n c h e s a n d sp u rs t o
m in e s , & c ., 4 6 m . ; t o t a l , 1 2 8 m . , o f w h ic h 5 7 m . s t a n d a r d g a u g e .
C o n tr o ls
M id la n d T e r m in a l R y . , F lo r e n c e & C r ip p le C r e e k R R . , G o ld e n C ir c le R R . ,
C a n o n C it y & C r ip p le C r e e k R R . , C o lo r a d o T r a d in g & t r a n s f e r C o .
See
V . 69, p. 851, 1011, 1103; V . 72, p . 984; V . 74, p . 880; V . 7 7, p. 1542.
R e o r g a n i z a t i o n , p e r p l a n In V . 7 8 , p . 2 0 1 8 ; V . 7 7 , p . la - 1 2 , o f t h e D e n v e r
& S o u th w e s te rn , fo r e clo s e d O c t. 4 1 9 0 4 .
V . 7 9, p. 1461.
S T O C K S A N D B O N D S .— C o m . s t o c k . $ 2 ,5 0 0 ,0 0 0 ; 4 % n o n -c u m
p r e f.
s t o c k . $ 3 ,0 0 0 ,0 0 0 ; p a r o f s h a r e s , $ 1 0 0 .
V . 8 2. p . 1156; V . 8 5, p . 1209.
D I V I D E N D S .— O n p r e f., 3 %
p a id J u y 2 0 1 9 0 5 ; O c t . 25 1 9 0 5 , 1 %
(q u a r .); J a n . 1 9 0 6 t o O c t . 1 9 0 7 , 4 % y e a r ly (1 % Q .- J .) ; J a n . 1908 n o n e .
V . 8 6, p. 108.
O n c o m m o n , O c t . 2 5 lO O o , 3 / 0 ; In 1 9 0 6 ,
In c lu d
in g 2 % e x t r a ; 1 9 0 7 , 6 % ( Q .- J .) ; J a n . 1 9 0 8 , n o n e .
V .. 8 6 , p . 1 0 8 .
R E P O R T . — R e p o r t f o r y e a r e n d i n g J u n e JO 1 9 0 7 In V . M . p . 1 8 9 7 ,
s h o w e d g r o s s e a r n in g s o f r a ilr o a d s c o n t r o ll e d , $ 7 4 2 ,6 1 2 , n e t I n c o m e o f r a il
r o a d s o v e r c h a r g e s , $ 1 6 9 ,3 0 0 : t o t a l n e t I n c o m e o f p a r e n t c o m p a n y a b o v e
crp n p rfli p x n p n s p s
5 2 7 8 0 7 0 : d l v . o n p r e f. s t o c k ( 4 % ) , $ 1 2 0 ,0 0 0 , d l v . o n
c o m . ( 6 % K $ 1 5 0 ,0 0 0 ; t o t a l s u r p lu s , in c lu d in g * 8 0 ,7 4 3 . s u r p lu s ^ p r e v io u s
y e a r s , J u n 4 3 0 1 9 0 7 , $ 9 7 ,8 1 3 .
P r e s ., H e n r y M . B la c k m e r ; V lc e -P r e s .,
R E F
F lln s c h - S e c . a n d T r e a s ., J o h n G o r lo w .
O ffic e , 49 E x ch a n g e
P la c e , N . / .
D i r e c t o r s , V . 7 9 , p . 1 4 6 1 ; V . 8 2 , p . 1 1 5 6 .— ( V . 8 6 . p . 1 0 8 .)
C U R A F A S T F R N R R — O w n s fr o m p o r t o f B o g u e r o n a t G r a n a d lllo B a y ,
nn s m ith
o f O u h a n o r t h w e s t v ia G u a n ta n a m o t o fo r e s t la n d s o w n e d b y
t h e c X t ^ r d w o o d C o . ? 4 3 m il e s ; le a s e s f o r 9 9 y e a r s N o r t h e a s t e r n C u b a
R R
fr o m S a n P r e t o S a ri L u is , 4 7 m ile s , w it h 6 m ile s o f b r a n c h e s ; t o b e e x
t e n d e d e v e n t u a lly t o N lp c B a y o n th e n o r t h s h o r e o f C u b a , a ls o b r a n c h t o b e
b u ilt fr o m S a n L u is t o P a lm a S o r ia n o , a t o n c e , a n d la t e r t o M a n z a n illo .
B o n d h o ld e r s ’ C o m m i t t e e . — I n v i e w o f t h e m t a n m a
o f th e u n d e r
w r i t e r s . a p r o t e c t i v e c o m m i t t e e IJ5 e n I , 15 ’
Jr^ a n
I v C h a li n ^ K
A n d e r s o n 20 B r o a d S t .. N . Y . , S e c .; N e w Y o r k T r u s t C o ., N . Y . , a n d O ld
C o lo n y T r u s t C o ., B o s to n , d e p o s it a r ie s ), re q u e s te d d e p o s its o f th e 3 b o n d
Is s u e s n a m e d In t a b l e a b o v e , a n d E a s t e r n R R . o f C u b a fir s t a n d r e f u n d i n g
5 0 -y e a r g o ld 6 s, d a te d M a rc h 1 9 0 7 .
T h e c o m m itte e has p o w e r to su g g e st
a r e o r g a n iz a t io n p la n , o r If n e c e s s a r y t o fu n d th e c o u p o n s o n a n y o f th e
d e p o s i t e d b o n d s f o r n o t o v e r 2 J4 y e a r s f r o m M a r c h 1 1 9 0 8 .
V . 86, p. 420,
337
H a s 5 -y e a r c o n t r a c t w it h C u b a H a r d w o o d C o .
V . 76, p. 1355.
S tock
$ 2 ,0 0 0 ,0 0 0 , a ll o u t s t a n d i n g .
B o n d s (s e e a b o v e
N orth ea stern C u b a g u a r
a n teed b o n d s v
82 n 162.
P r e s ., E d g a r V a n E t t e n .
O ffic e , 20 B r o a d
S t .. N . Y - ( V
7 6 , p 1 3 5 5 ; V . 8 2 , p . 1 6 0 ; V . 8 6 . p . 1 0 8 , 3 3 7 , 4 2 0 .)
C U R A R R ___O w n s f r o m S a n t a C l a r a , C u b a , t o S a n t i a g o d e C u b a , 3 5 6
m ile s ; b r a n c h e s , Z a z a J e t . t o S a n c t l S p lr ftu a 8 m ile s ; A l t o C e d r o t o t h e B a y
o f N l p e , 3 1 m . ; P o n u p o b r a n c h , 11 r n .>i
b r a 2 ° ^ \ 74 *&2 V : H o 11? r L11
h ra n rh
12 m * T an a, b r a n c h
6 m . ; to ta l* 4 2 8 m ile s .
See V . 75, p . 1157,
1 34 7 *' E x te n s io n p r o p o s e d fr o m
S a n t a C la r a t o H a v a n a , 1 7 0 m ile s .
V .
8 2 ii 1 3 2 2
R oa d on en ed D ec? 8 1902.
G o v t , l o a n , $ 6 6 9 , 0 0 0 . J a n . 31
1 9 0 8 ;a n y b a la n c e n o t r e p a id b y G o v t , t r a n s p o r t a t io n s e r v ic e t o b e p a id
D ^ 5 t o c k a u \ ? i ^ I z e d U $ 1 0 ^0 0 ^ * 0 0 0 e a c h o f c o m m o n a n d 6 % n o n - c u m u l a t i v e
p r e fe ° r r e d ^ Uo u ° s t a n d ’l n g ° c o m r n o n , $ 6 , 1 2 6 ,0 0 0 ; p r e f e r r e d , $ 1 0 , 0 0 0 , 0 0 0 ; p a r .
$ 1 0 0 . B o n d s , a p p lic a t io n t o lis t, V . 8 6 . p . 9 2 4 .
E A R N I N G S .— F o r 8 m o n t h s e n d in g F e b . 2 0 .
_ .
^
8 M o n th s.
G ross.
S 2 ?7 *88 0
.......... !1-fJHJi *SSji» '!"«»
R E PO R T
f o r y e a r e n d i n g J u n e 3 0 1 9 0 7 w a s 1 In V . 8 5
s ifr { 7 7
S£!Io:’!°
p . 1 3 3 7 , s h o w in g .
C U M B E R L A N D C O R P O R A T I O N — O R G A N I Z A T I O N .— A h o ld in g c o m
p a n y o w n in g t h e s t o c k ( $ 2 ,3 0 0 ,0 0 0 ) o f t h e O lln c h f le ld C o r p o r a t io n ( y . 8 0 ,
p . 2 3 4 6 . 2 2 2 2 , 2 2 4 ) , w h i c h o w n s 2 8 5 , 0 0 0 a c r e s o f c o a l l a n d s In V i r g i n i a a n d
W e s t V ir g in ia , s t o c k o f th e C a r o lin a C lln c h fle ld & O h io R y a n d a b lo c k o f
t h e S e a b o a r d C o . s t o c k ( s e e t h e t w o c o m p a n i e s l a s t n a m e d In t h i s S e c t i o n . )
S t o c k , c o m m o n , $ 2 5 ,0 0 0 ,0 0 0 ; 6 % p r e f . , $ 1 5 ,0 0 0 0 0 0 , a ll p a i d In .
In
J u lv 1 9 0 6 s o ld $ 1 5 ,0 0 0 ,0 0 0 n o t e s s e c u r e d b y s t o c k o f t h e C a r o lin a C lln c h fle ld
& O h i o a n d S e a b o a r d C o . a n d In F e b . 1 9 0 8 $ 3 , 0 0 0 , 0 0 0 6 % o n e - y e a r n o t e s
(s u b je c t t o c a ll a t p a r ) , s e c u r e d b y d e p o s i t o f t h e b o n d s o f t h e t h r e e c o n
s t i t u e n t r o a d s o f t h e S o u t h & W e s t e r n (s e e a b o v e ) t o c o m p le t e t h e C a r o lin a
C lln c h fle ld & O h io R y t o a c o n n e c t io n w it h t h e S e a b o a r d A i r L in e R y . a t
R u t h e r fo r d t o n , N . C ., g iv in g v ia th e S e a b o a r d a n e w o u t le t f o r th e C lln c h
fle ld c o a l .
V . 83. p. 155; V . 86, p . 668.
C U M B E R L A N D & P E N N S Y L V A N IA
R R .— O w n s fr o m C u m b e r la n d ,
M d .. t o P ie d m o n t , W . V a . , a n d s e v e r a l b r a n c h e s , 57 m ile s .
O w ned and op
e r a t e d b y C o n s o lid a t io n C o a l C o ., w h ic h g u a r a n te e s b y e n d o r s e m e n t th e
fir s t m o r t g a g e .
V . 52, p. 390.
S t o c k . $ 1 ,5 0 0 ,0 0 0 ; p a r $ 1 0 0 .
O n D ec. 1
1 9 0 7 p u r c h a s e d 1 .5 2 3 c a r s f r o m t h e S o m e r s e t a n d F a i r m o n t c o a l c o m p a n i e s ,
a s s u m in g t h e c a r tr u s t s I s s u e d t h e r e o n , v i z . , $ 8 3 6 ,0 0 0 o f S o m e r s e t C o . (s e e
t a b l e a b o v e ) a n d $ 4 5 , 0 0 0 a d d i t i o n a l , m a t u r i n g In s e r i e s t o M a y 1 0 0 9 .
V .
V
85
p. 1401.
T h e r e a r e a ls o $ 1 0 ,0 0 0 G a s t o n G a s C o a l C o . c a r t r u s t s
a s s u m e d , m a tu r in g t o A p r il 1 1 0 0 9 .
F o r y e a r e n d in g J u n e 3 0 1 9 0 7 , g r o s s ,
VOL. LXXXVI.
RAILWAY STOCKS AND BONDS.
46
R A IL R O A D S
F or explanation of column headings,
on first page of tables.
IN T E R E S T OR D I V I D E N D S
& .C .,
see notes
Cumberland & Pennsylvania — First mtge gold guar
Somerset Coal ear tr assum $76,000 part y r ly .-F B a
W est Fairmont Coal & Coke Ac car trusts assumed.
Cumberland Valley— Common stock............................. ..
Preferred stock ($243,000 2d pref) (Ronds see text)
Debentures $500,000 redeem since April 1908_______
Dayton Lcb & Cin RR & Term — First M g red ( t e x t ) ..
Dayton & Michigan — Com stock (3 K % guar C H AD)
Preferred (8 % guaranteed C H & D) endorsed_____
First m ortgagejju ar p & 1 endorsed by C H A D . . . c
Dayton & Union R R — First M sink fund (not drawn),c
Dayton Union R y — First m tge sink fund call at pa rlF
Delaware — Stock--------------------------------------------------------------General mortgage gold---------------------------------------FP c*
• Delaware A Chesapeake 1st M assumed currency, .c
Delaware & Bound Brook — Stock 8 % gu Phila & Read
First mortgage $1,800,000 guaranteed_________ PeP
Delaware & Eastern — 1st M g red begin Jan 1 910 . .x c *
Delaware & Hudson — Stock $55,711,500 (te x t)_____
First M on Pennsylvania D lv ($ 1 0 ,0 0 0 ,0 0 0 ). Un.c&r
• Schenectady & Duanesburg first m ortgage. . .
M iles
of
Road
57
Date
of
Bonds
1891
1906
29
1905
1907
142
32
1871
1881
1879
1899
__
__
■-- -
248
117
54
1892
1882
__ __
34 1905
__ 1907
__ __
__ 1877
Size, or
Amount
Par
Value Outstanding
$1 ,000
1,000
50
50
>1,000
50
50
1,000
1,000
1,000
25
1,000
1,000
100
1,000
500 &c
100
1,000 Ac
100 Ac
1,000
Rate
%
__
__
__ __
-- - __
—
$1 ,1 3 6 ,2 6 2 ; net, $652,526; charges, & c., $550 ,99 4; balance, surplus$101 ,5 3 2 .— (V. 8 5 , p. 1401.)
CUMBERLAND VALLEY RR. — Pennsylvania R R . Jan. 1998 owned
$ 1 ,283,550 common and $462,500 pref. and In Dec. 1906 offered to give In
exchange 3 shares of Its stock for 1 share of Cum b. Val. V . 83, p. 1469.
DALLAS CLEBURNE & SOUTHWESTERN RY.— Owns Egan, on Mo.
K an. A Tex. R R ., to Cleburne, 10 m . Leased to M o. K an. & Tex. R y. V .
76, p .48. Bonds au th., $150,000 1st mtge. 30-year gold 5s, due Jan. 1 1933.
V . 83, p. 213. Pres., B . P . M cDonald, Cleburne, T e x .— (V . 83, p. 213.)
DAYTON LEBANON & CINCINNATI RAILROAD & TERMINAL CO.
— Owns from Lebanon, O ., to Lebanon Jet., 23 m .; Hempstead to Lam beth,
4 m . To be extended from the latter point to the Dayton Union Station,
2 m ., where terminal property Is owned. Has traffic arrangements with
electric lines from Lebanon Jet. to D ayton, 7 m ., and from Lebanon to Cin
cinnati for passenger traffic. Successor of Dayton Lebanon A Cincinnati
R R . Stock, $1,000,000.
Bonds ($300,000 authorized Issue) are subject
to call June 1 1917 at 105; Cleveland Trust C o., trustee. V . 85, p. 1518.
Pres, and Treas., Frank Brandon, Lebanon, O .— (V . 85, p. 1518.)
DAYTON & /MICHIGAN RR. — Owns D ayton, O ., to Toledo June., O .,
41 m .; trackage Into Toledo, I K m .
Leased May 1 1863 In perpetuity to
Cln. H am . & D ayton. Lease modified June 23 1870. Rental is mainte
nance of organization, lnt. on bonds and 8 % on pref. stock and 3 K % on
com .
Guaranty on pref. Is secured by mtge. of 1871, but the pref. carries
no voting power. V . 56, p. 813. Mtge of 1856 Is held alive under mgte. of
1881. C. H . A D . reserved notes of 1908 to retire bonds.— (V . 86, p. 167.)
DAYTON & UNION RR. — Owns from Dodson, O ., to Union City, In d .,
32 miles; leases Dayton to Dodson, 15 miles; total operated, 47 miles.
The Cleve. Cln. Chic. & St. Louis and Cln. H am . A D ayton jointly own the
$86,300 stock. The amount required for redemption of bonds at their
maturity Is already In sinking fund. Year end. Oct. 31 1907, gross, $159,
377; net, $49,923; oth. Inc., $1,373; charges, $37,132; b al., sur., $14,164.
DAYTON UNION RY. — Union depot at D ayton, O. Used by Pitts.
Cln. Chic. & St. L ., Clev. Cln. Chic. & St. L ., Cln. H am . & D ayton, Dayton
A Union R R . and Erie R R ., under lease which provides that Interest on
bonds and other expenses be divided between them on train basis. Stock,
$321,000, all com.
Pres., W . C. Brown, New York; Sec., W . F. Stark,
D avton. O .; Treas., F . M . Carter Cincinnati, O. O ff'ce, Cincinnati, O.
— (V . 73, p . 1312.)
f*
■*) , .1
D E L A W A R E S R R . — ( S e e M a ps Pennsylvania RR.)-— Shellpot^CrossIng,
D e l., to Delmar, M d ., 95 22 miles; branches, Centrevllle, M d ., to Townsend,
D el., 35.11 m .; Clayton, D el., to Oxford, M d ., 54.23 m .; Seaford, D el., to
Cambridge, M d ., 32.92 m .; Masseys, D el., to Chestertown, M d ., 20.38 m .;
other branches, 10.39 m .; total, 248.25 miles. V . 67, p. 1356.
Leased till May 1 1927 to the Philadelphia Baltimore & Washington,
which owns $1,664,475 of the stock; rental net earnings— see V .6 4 , p. 1000.
D lvs. 1898 to July 1906, 6 % yearly; 1907, 8 % ; 1908, Jan., 4 % .
In year
ending Oct. 31 1907, gross, $ 2 ,848,501; net, $678,091.
In 1905-06, gross,
$ 2 ,453,156; net, $621,020; other Income, $53,111; Interest, taxes, A c .,
$167 ,060;Id tvs.| (7% ),T $209,105;lb a l.,fsu r., $297 ,96 6.— (V.|83,Tp.*l523.))£2
DELAWARE & BOUND BROOKIRR— Owns fromIBound BrookKCentral of N . J.) to Delaware River, 27 miles; branch to Trenton, 4 m .; second
track, 27 m .; third track, 8 m .; all track, 82 m .
In May 1879 leased for 990
years to Phila. A Reading R R .
Rental, $213,000, paying lnt. and 8 % on
stock; lease assumed by Phila. & Reading R y .— (V . 81, p. 210.)
DELAWARE & EASTERN RY.— To extend from Hancock, N . Y . , on
Erie R R ., to Schenectady, N . Y . , 157 miles, with branch to Andes, 9 miles,
of which East Branch to Arkvllle, 40 miles, operated April 1907. A con
solidation May 1907 per plan V . 84, p. 931, 1182. Stock authorized, $ 5 ,
000,000 In $100 shares and bonds $6,000,000 of 50-year gold 5s. Of the
bonds ($6,500,000 auth. Issue), $1,750,000 are to be used to take up the old
bonds ($1,000,000) and stock ($600,000) of Del. & East. R R . and fund Its
notes and floating debt: bal. to be used to complete the proposed road.
Pres., F . F / Searing. Office, 7 W all S t., N . Y . — (V. 85, p. 40, 921.)
DELAWARE & HUDSON CO.— ( S e e M a p .)— Operates railroad lines
from Wllkesbarre, P a ., via A lbany, N . Y . , to Rouse’s Point, on Canada
line, with branches, 845 miles In all. V . 68, p. 871.
Lines owned—
M iles. I Lines leased— *See these cos. M iles
Lackawanna A Susquehanna____ 22 I’ Albany & Susquehanna__________ 14 2
Valley R R . of P a _________________ 17 New York & Canada------------------- 1 5 0
Honesdale Branch................
28 •Rensselaer & Saratoga----------------- 192
•Chateaugay & Lake Placid R R . 80
Schenectady & Mechanlcvlllc____ 10
Cherry Val. Sharon & A lb a n y .. 21 •Union R R ------------------------------------- 21
•Jefferson R R . (trackage)________ 35
•Schenectady A Duanesburg____ 14
•Adirondack R y . . .....................
57 Other lines___________________________50
•Cooperstown A Charlotte Valley 24
Branches and spurs_______________
2
. _________________
Total operated Jan. 1 1908___ 845
Also leases Utica Clinton & Binghamton and Rom e A Clinton R R ., 44
miles, sub-let to N . Y . Ontario & Western.
In 1906 the Quebec Montreal
& Southern R y . was organized to take over the properties of the Quebec
Southern R y. and South Shore Railways, which had been acquired at Judi
cial sale In N ov. 1905. This line of road extends from St. Lambert, oppo
site Montreal, through Sorel to Plerrevllle, and from Noyan Junction to
S t. Roberts Junction on the aforesaid line, a total of 145 m .; an extension
from Plerrevllle to St. Phllomene, 48 m ., Is nearing completion. The line
will be ultimately continued to Levis, connecting with the Quebec Bridge
at Chaudlere Junction, a total distance of 50 or 52 m .
In 1907 the Naplervllle Junction R y ., Rouses Point to St. Constant, 27 m ., was also acquired.
V . 81. p. 1610; V . 83, p. 379; V . 84, p. 338, 623.
In April 1908 application
was made to merge the New York & Canada, all of whoso stock has been
acquired. V . 8 6 , p. 856
H I S T O R Y , A c .— T his company was chartered April 23 1823. It Is one
of the largest miners of anthracite coal. The Hudson Coal C o., whose
stock Is owned, controls coal lands having In 1908 an estimated tonnage
of mlnable coal of 423,265 ,353 . V . 8 6 , p. 913.
D IV ’ D S— J’ 8 6 . ’ 87. ’ 8 8 . ’89 ’ to’ 96. ’ 97 t o ’ 00. ’ 01 t o ’ 06. 1907.
1908
S in c e’ 8 5 - % \ 5
5
6
7 yearly
5 yearly
7 yearly
9
M a r ,2 H
Dividends In 1908 fixed at 9 % , payable quarterly. V . 85, p. 1645
Where Payable, and by
Whom
1,000,000
M A N Guaranty Trust Co N Y
5 g
836,000
5
J
& D Fidelity Trust Co Balt
28,000
1,292,950 8 In 1907
Phila A Chambersburg
Q— J
484,900
8
do
do
Q— J
4
282,000
do
do
A & O
300 000
J
& D Cleveland O
5 g
2,401,950
A & O Cincinnati
3K
1,211,250
8
Q— J
do
5
2,728,000
J
& J J P Morgan A Co N Y
225,000
7
J
A D Am er Exch N at Bk N Y
456,000
J
& J Farmers L A T r Co N Y
4 g
2,987,225 8 In 1907 J
& J Checks mailed
500 ,000
&
J Broad St Station Phila
4K g J
400,000
4
F A A
do
do
1,800,000
8
Q— F
240 South Third St Phila
1,800,000
3 K g F & A Mech N at Bk, TrentonNJ
See text
J
& .J New York
5 g
42,400,000 9 In 1907 Q— Mch Office 32 Nassau St N Y
5,000,000
7
M A
S
do
do
500 ,000
6
M & S
do
do
1 .000,000
do
do
4K g M & S
14 1874
57 1892
New mortgage $50,000,000 _____________________
_
1908
Debentures $14,000 ,000 gold conv (sec t e x t ) ..c * & r
1906
1,000 13 977,000
4 g
• Car t r u s t s ________ ________________________ ______ Usm
150,000
1899
1,000
3K g
Equipment deb $2,500,000 $200,000 annually Jnn 1
1 ,100,000
1900
10,000
4 g
Equip 1st Hen bonds $10,000,000 g s f___ U sm ,
‘
1907
1,000 10,000,000
4K g
•
Guaranteed Securities—
Hudson Coal Co deb guar p & 1 end part due i ___ „
’01-02
1 ,925,000
4
1,000
• Bluff Point Land Improvement Co 1st M g g u ____ c*
300,000
1890
1,000
4 g
Chat Ore A l refunding mortgage call 105____ N .c*A
1 ,300,000
1902
1 ,000
4 g
Albany A Susquehanna R R , N Y A Canada R R , Ch ateaug ay A I, ake Placl d R R , Utlc a Clinton
Delaware Lackawanna & Western— Stock_____
50 26,200,000 20 In ’07
Delaware /Maryland & Virginia— June A B— 1st mtge
39 1860
185,000
3
All
Break A Frank 1st M to State red since Jan 1 8 9 5 .19 1874
200,000
3
All
Other m ortgag es.______________ ___________________ c*
4
650 ,000
Del River RR & Bridge— 1st M gold gu p & 1__ GP.e*
10 1806
1 ,300,000
1,000
4 g
Denver Norfhw & Pac— 1st M $22,500,000 g ___ IMc.c*
126 1902
Sec text
1 .000
4 g
Continental Tunnel 1st M $5,000,000 gold guar pAI
6
See text
6 £
100 Ac
_
__
__
When
Payable
j 15 A D
M 15 A N
J
& -J
J
& J
do
do
do
do
do
do
do
do
M A N
do
do
J
A
J
do
do
J
& J
A Bing R R , Coop A Chari Valiev
Q— J
90 W est Street New York
.T A
J Broad St Station Phila
J
& J
do
do
do
do
F & A Philadelphia Pa
M & S New York or Denver
Semi-an Denver Col
Bonds— Princi
pal, When Due
Stocks— Last
Dividend
May 1 1921
Dec 1908-1918
To May 1 1909
Apr 1 1908 2 %
Apr 1 1908 2 %
Apr 1 1925
June 1 1922
Apr 1 1908 I K
Apr 1 1908 2%
Jan 1 1911
Dec 1 1 9 0 9
July 1 1949
Jan 1 1908 4
July 1 1932
Feb 1 1912
Feb 20 1908 2 %
Aug 1 1955
July 1 1957
Mch 16 1008 2 K
Sept 1 1917
Sept 1 1924
Mch 1 1942
June
May
1909
July
15 1916
1 1909
to 1914
1 1922
May l 1909-18
Jan 1 1940
Jan 1 1942
— See those cos
Apr 20 1908 2 K
Jan 1 1932
Jan 1 1932
Overdue
Aug 1 1936
Sept 1 1052 •
10 years
G E N E R A L F IN A N C E S .— On May 9 1899 the stockholders voted to set
aside every year, as a sinking fund to retire stock and bonds and guaranteed
securities, an amount equal to at least 5c. per ton of coal sold, or $175,000 to
$200,000 per annum, to be charged against Income account. V . 68, p.
926, 1180.
In 1900 $200,000 stock was retired by sinking fund ,$141,800
In 1901, $151,100 In 1902. $100,000 In 1903, $417,100 In 1904, $50,000 In
1905, $228,500 In 1906.
Stockholders May 9 1905 authorized Increase of $5,000,000 stock for con
version, at option of holders, to April 1 1916, of $10,000,000 Albany A Susq.
3 K % bonds, dated April 1 1906, on the basis of $500 stock for $1,000 of
bonds. The bonds weie sold at par pro rata to D . & II. stockholders to
refund the Albany & Susq. 6s and 7s, effecting a material saving of Interest.
In 1906 the Albany A Susq. stockholders were held by lower Federal Court
to be entitled to the benefit of this refunding. Appeal pending. V . 85,
p. 721; V . 83, p. 1036; V 80, p. 1174, 1362. 2343. To April 1908 $3,354,000
bonds had been converted Into D. A H . stock.
Stockholders Feb. 19 1906 authorized increase of the stock by $7,000,000
to provide for exchange of an Issue of $14,000,000 of 4 % 10-year debentures
dated June 15 1906, which was subscribed by stockholders at par. The
debentures are exchangeable for stock at the rate of $500 stock for $1,000
debentures between June 15 1907 and 1912, Inclusive, the proceeds to be
used as follows: Cost of electric railway acquisitions (see below), $ 9 ,6 0 0 ,
000; new equipment, $2,400,000; Improvements of railroads In Penn.,
$ 2 ,000,000. V . 81, p. 1848; V . 82, p. 687.
In Feb. 1905 a half Interest In the stock of the Schenectady R y .. 116 miles,
was purchased. V . 82, p. 687. Owns $12,499,600 of the $12,500,000
stock of the United Tract. Co. of Albany, which In Dec. 1906 acquired most
of the stock and bonds of the Hudson Valley (Electric) R y . V . 81, p.
1550, 1610; V . 84, p. 51.
In Feb. 1908 $8,000,000 4 K % collateral trust notes were Issued, payable
A ug. 6 1908, to take up the $6,000,000 notes of the Quebec Montreal A
Southern R y. Co. falling due In Feb. 1908, and for (Inal payments for new
coal lands In Schuylkill County, Pa. V . 86, p. 285, 337.
rhe equlpt. lien 4 K s of 1907 ($10,000,000 Issue) have an annual sinking
fund of $6o0,000 to purchase bonds of the Issue, other securities or addi
tional equip, to come under the m tge: V . 84. p 1247, 1307; V . 85. p. 1082.
The stockholders will vote May 12 1908 on authorizing a first and refund
ing mortgage on some or all of the com pany’s property to secure an issue of
bonds not exceeding$50,000,000, bearing not over 4 % Interest and running
at least 35 years, and subject to redemption at 105 within a limited time.
Of the Issue $6,500,000 will be reserved to retire the outstanding first mtge.
bonds. Of the bonds $20,000,000 will be Issued at present to provide for
floating debt Incurred for additions and Improvements and payment of
$8,000,000 4 K % collateral notes due Aug. 6 1908. V . 86, p. 981.
E A R N I N G S .— 2 m os., \1908
Gross, $2,8 1 4 ,8 1 2 ; net, $930,513
Jan. 1 to Feb. 29.
/1907 .
Gross, 2 ,0 4 5 ,5 4 4 ; net,
885,247
Net from coal department, $140,406 In 1908, against $204,168.
R E P O R T .— For 1907, In V . 87, p. 913.
Year end. Dec. 31—
1907.
Anthracite coal carried (tons). 10,025,312
Gross earns, of railroads_______ $20,175,793
Net (railroads)_______ __________
8,399,579
Coal department (net)________
1,173,205
Other Income................................... 1,468,996
1906.
8 ,690,356
$17,050,029
6.771,818
1,209,519
1,405,672
Inc. or Dec.
Inc.
1,334,956
Ino. $3,125,764
Inc.
1,627.761
Dec. .
36,314
Inc.
63,324
$9,387,010
Total net Income...................... $11,041 ,780
Miscellaneous rentals_____ _ .
2 ,326,915
2,545,140
Interest, taxes and mlscell____
2 ,248,692
1,540,248
D ep recia tion ________
145,485
Dividends on stock.............V_V(9%)~3',816~66o (7 ) 2 ,867,174
Inc. $1,654,770
Dec.
218,225
Inc.
708,-144
Dec.
145,485
Inc.
946,700
Balance, surplus_______
$2 650 173
$2,288,963
Inc.
$361,210
The earnings of the coal department In 1907 were $ 2 3,184 ,766 : expenses
(excluding $215,723 taxes), $22,011 ,560 ; net, $1,173 ,2 0 6 .
In 1906, $ 18,
5 7 1 ,342; net, $1,209,519.
O F F IC E R S .— Pres., L. F . Loree: Chairman Exec. C om m ., R . M . Oly
phant; V .- P ., Chas. A . Peabody; 2d V .-P . C. S. Sims: 3d V .-P ., W . H .
Williams; Treas., C. A . Walker; Sec F . M. Olyphant, 32 Nassau S t., N . Y .
Managers— Robert M. Olyphant, Chauncey M. Depcw, John Jacob
Astor, L. F . Loree, William S. Opdykc, J. Rogers Maxwell, Cornelius Van
derbilt, R . Suydam Grant, George I. W ilber, C. A . Peabody, E . II. Harrim an, Dumont Clarke and James A . Linen— (V . 86, p. 720, 8 5 6 ,9 1 3 .)
DELAWARE LACKAWANNA & WESTERN RR. — (See M a p .)— Oper
ates main line from Hoboken, N . J ., opposite N . Y . City, to Buffalo, N . Y .,
410 m ., with branches to anthracite region, A c ., 547 m ., viz.: (*sce this co.)
Lines owned—
M iles.
Lines controlled and oper.— M iles.
N . J. State line to N . Y . line
114 •Syracuse Binghamton A N . Y . _ 81
Branch to Northumberland _
80 Sussex R R -------------------------------------- 3 1
Lines leased— (See each co.)
H o p a tco n g .......................................
1
•Morris & Essex and leased brchs.176 Bangor A Portland R y ___
38
•N. Y . Lackawanna A Western 214 Lackawanna A Montrose R R
11
•Cayuga & Susquehanna__________ 34 Hanover A Newport R R ...............
7
Greene R R — ...........
8 Erie A Central New Y o rk _______ 18
•Oswego & Syracuse_______
35 Syracuse & Baldwlnsvlllc R R ___
1
•Utica Chenango A Susquehanna 97
•Valley R R . of New York_______ 1 1
Total operated Jan. 1908........... 957
Proposed cut-off between Slateford, P a ., and Port Morris, N . J ., requir
ing about three years to build, will shorten line 11 K miles. V . 86. p. 543.
H I S T O R Y , A c .— Original company chartered In 1832; present title as
sumed In 1853.
No sub-companies (coal and mining) arc controlled, the
railroad owning Its anthracite mines. In April 1903 the entire stock of the
N . Y . A Hoboken Ferry Co. was purchased. V . 78, p. 815. New Hoboken
terminal was opened Feb. 1907. V . 81, p. 668, 777; V . 82, p. 1098.
D IV ’ D S— j ’ 81. ’ 82 t o ’ 84. ’ 85. ’ 86 t o ’ 03. ’ 04. ’ 05. ’ 06. ’ 07.
1908.
S in c e’ 8 0 .% \ 6 K
8 yearly. 7 K 7 yearly. *17 * 1 9 K *20 *20 Incl.Apr.S
•The quarterly dividend was Increased from I K to 2 K % 111 April 1905;
an extra 10% was paid In Dec. 1904 to 1907, Inclusive.
Sault Ste.Marie
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R A ILW A Y STOCKS AND BONDS.
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Alexandrii
Gaulcy
[VOL. LXXXVI.
RAILWAY STOCKS AND BONDS.
48
R A IL R O A D S
F o r explanation of column headings, & c., see notes
on first page of tables.
Denver & Rio (irande— Stock common (see t e x t ) --T r
Preferred stock 5 % non-cumulatlve S50,0 0 0 ,0 0 0 .Tr
First cons mortgage for $ 4 2,000 ,000 ]
now tlrst mortgage________________ /g o l d - . U s.c*A r
Improvement mortgage ($5,000 per mile) g U s.c *A r
Rio Grande Southern tlrst mortgage guaranteed. Ce
Rio Grande Junction first mortgage guar---------Ce.c*
Rio Grande Western 1st M gold (V 69 p 2 8 4 ) .-C e.c*
First cons mtge redeem at par (see text) g _-M o .o *
Utah Central 1st M guar (V 68 p 724) gold-------Mo
Utah Fuel Co 1st M $2,000,000 redeem at 1 1 0 ./Wo
Pleasant Valley Coal 1st M s f redeem at 1 1 5 .. Mo
Equipment bonds Series A gold $75,000 due scml-an
do
do
Series B gold $75,000 due seml-an
Denver Yellowstone & Pacific — 1st M $8,750,000 gold
Des Moines & Fort Dodge — Common stock...............
Preferred stock 7 % non-cumulatlve...................... ..
First mortgage gold guar prln A Interest-. .C e.c*A r
Second m tge $ 1 ,000,000 gold redeem at 105---------Ta
Des Moi la F & No— 1st M $14,000 p m gred 1 0 5 .T a c *
Des M oines Union— First M for $800,000 g o ld .-C e .c *
Detroit Grand Haven & Milw— First equip M g u a r -.c *
Consol mortgage guaranteed (option— see t e x t ) -.c *
Detroit Hillsdale & S VV— Stock 4 % rental L S & M S
Detroit Grand Rapids & W estern — See Pere Marquett
Detroit Lansing & Northern — See Pere Marquette R R
Detroit & Mackinac —Pref stock $1,000,000 au th . . .
"F irst lien” $1,500,000 gold------------------------------ Mo.c*
"M ortgage bonds” $1,750,000 g red at par-----M o.c*
Detroit Toledo & Ironton — Com stock (V. 80, p. 650)
First pref 4 % non-cum (pref as to assets) $7,500,000
Second preferred 5 % non-cumulatlve $ 5 ,0 0 0 ,0 0 0 ___
Detroit Southern— Ohio South' Division m tg c .-C e
General lien A division 1st M $4,253,000 gold. _ N.c*
Consolidated mortgage $22,500 ,000 g o ld ... — K .c*
N otes for Ann Arbor redeem 102 H yearly---------Usm
Equip trust notes g (V 82 p 99) $207,000 y r ly .-T a
Detroit Southern car trusts due $40,000 yearly-----x O f wtitch SI .677,000 In treasury; there are also
IN T E R E S T OR D I V I D E N D S
M iles
of
Road
Date
of
Bonds
___
/ 1 ,667
11,667
1 ,667
180
62
435
669
36
___
_ J___
___
—
____
1886
1886
1888
1890
1889
1889
1899
1898
1901
1898
1903
1907
1906
1,000 Ac
1,000 Ac
___
143
____
1905
1906
1901
1887
1878
1878
____
100
1 ,000
1 ,000
1,000
1 ,000
1 ,000
200 Ac
100
75
4
189
189
65
c RR
___
All
All
Size, or
Par
Amount
Value Outstanding
1,000
500
1,00 0
1 ,000
1,000
1 ,000
1 ,000
1.000
1,000
100
____
1895
1895
.$19,540,189 $16,989,812 $17,061,967
$5,368,196
Interest and rentals___________________. $5,309,958
$5,339,407
.
320,816
242,926
Rentals, advances, A c_________
196,644
. 3,820,088
5,551,619
3,587,486
.
2,620,000
2,620,000
2 620,000
2,620,000
2,620,000
2,620,000
$587,071
$2,698,429
•Earnings of the coal department In 1907, $42,184 ,935 ; expenses,
$ 3 7,960 ,014 ; net. $ 4 ,224,921; 1906, $ 3 8 ,564 ,171 ; expenses, $34,909 ,052 ;
net, $3,655 ,1 1 9 ; 1905. earnings. $ 4 1,226 ,647 : net, $3,295,425.
O F F IC E R S .— Pres., W . H . Truesdale; Chairman of Board, Samuel
Sloan; Sec. and T r e a s .,-------------------------------. 00 W est S t ., N . Y .
B O A R D .— Fredk. W . Vanderbilt, W m . H . Moore, Eugene Higgins,
Henry A . C. Taylor, J. Rogers Maxwell, Geo. F . Baker, W m . Rockefeller,
H am ilton M cK . Tw om bly, James Stillman, M. Taylor Pyne, Harris C.
Fahnestock. Frank W ork , John D. Rockefeller Jr., William Fahnestock.—
(V . 85, p. 468, 1401: V . 8 6 , p. 5 4 3 , 546, 856, 981.)
DELAWARE MARYLAND & VIRGINIA RR.— Owns from Harrington
to Franklin City, V a ., 78 miles; Georgetown to Rehoboth, D el., 19 miles;
total, 97 miles. Controlled by Phlla. Balt. & W ash ., which owns $326 200
of the $526,758 stock (par $ 2 5 ), and so by Penn. R R . Sec V . 50, p. 498.
In year ending Dec. 31 1907, gross, $340 ,79 7; net, tncl. other income, $ 1 2 ,
768; Interest, taxes, A c ., $54,619; balance, deficit for year, $41,851— -but
this does not Include Interest on floating debt (of $731,890 Dec. 31 1905).
DELAWARE RIVER RR. & BRIDGE CO.— Owns a bridge over the
Delaware River near Philadelphia and about 10 miles of connecting railroad.
Capital stock ($1,300,000) Is all owned by the Pennsylvania R R ., which
guarantees bonds, principal and Interest, by endorsement. DividendsDec. 1900 to June 1906, Incl., 4 % yearly (2 J. A D .) ; Dec. 1906, 3 % ; 1907,
June, 3 % ; D ec., 2 % .
Sinking fund, 1 % ; bonds cannot be called. Guar
an ty, V . 63, p. 1062, 1159; V . 83, p. 1524.
DENISON BONHAM & NEW ORLEANS RY.— Bonham Jet. to Bon
ham, T e x ., 24 miles. Operated since completion, Dec. 1 1901, by the Mo.
Kans. A Tex. under a 10-yr. contract.
In May 1907 extension from R a
venna to Gilmer, T e x ., about 150 miles, was proposed, bids being asked on
first 20 miles. Stock, $50,000.
In N ov. 1905 permission was given to
register $325,000 30-year gold bonds; none outstanding Sept. 1906. v. 76,
p. 381; V . 81, p. 1610. Pres., Ed. D . Steger; Sec., John W . Russell.—
(V . 77, p. 823; V . 81, p. 1610.)
DENVER & INTER-MOUNTAIN R Y — See Intermountain R y.
DENVER NORTHWESTERN & PACIFIC R Y — Building from Denver to
Salt Lake, about 575 miles, along a line about 100 m . south of the Union Pac.
and 125 m . north of the Denver & Rio Grande.
In 1905 113 miles, Denver
to Sulphur Springs, C ol., were opened.
Extension from Sulphur Springs to
Yarm ony, 38 m ., was completed Jan. 1908, grading being In progress from
Yarm ony to Steamboat Springs, 68 miles, the last-named point being 364
m . from Salt Lake. See V . 75, p. 289; V . 78, p. 1108; V . 80, p. 1362.
V . 8 6 , p. 167. N . W . Term. R R . proposed. V . 79, p. 1704; V . 81, p. 1 3 1 5 .
V . 82, p. 1211.
Incorporated In July 1902 with $20,000,000 authorized stock, of which
$10,000,000 pref. 5 % non-cum ., all to be Issued for construction, together
with $20,000,000 of the $22,500,000 4 % bonds. V . 75, p. 1147; V .79, p. 1 0 2 .
Outstanding June 30 1907, $200,000 each of common and preferred stock
and $1,000,000 bonds The bonds of the Continental Tunnel C o., to con
struct a tunnel 6 miles In length through the Continental Range 50 miles
west of Denver ($5,000,000 auth. Issue),will be guaranteed prln. and Int.
V . 85, p. 1 1 4 3 . Pres., David H . Moffat; V .- P .. W . G. Evans; Treas.,
Thos. Kcely; Sec. F. B. Gibson. Directors, Jan. 1906. V . 82, p. 1 9 .— .
( V . 82, p. 49, 627, 1211; V . 85, p. 1143; V . 8 6 , p. 167.)
DENVER & RIO GRANDE RR. — (See M ap) .— R O A D .— 'The lines
owned and controlled are well shown on the adjoining map.
M iles, j
M iles.
Road owned and*operated____ 2,482|
Of the preceding:
Rio Gr. Jc. R R ., Ac. (lea sed )..
70|Standard gauge--------------------------- 1,757
----------- 1 Narrow gauge o n ly ---------------------- 705
283
Total June 30 1 9 0 7 ................. 2,552|2d track and 3d rail.................
Rio Grande A Southwestern R R ., Lumberton Station, C o l., 33 m. south
easterly, Is operated on basis of 2 5 % of gross earns. V . 79, p. 907. Two
branches, 28 miles, completed durng 1906-07. V . 85, p. 665.
In Oct. 1907 the Rio Grande Western acquired all the stock and bonds
of San Pete Valley R R ., Ncphl, U tah, to Morrison, 51 miles, with 5-mlle
branch. V . 85, p. 864.
H I S T O R Y .— Reorganization of a railway company of same name fore
closed July 12 1886. The Rio Grande Junction Is leased jointly by this co.
and the Colorado Midland, and Its bonds guaranteed. The Col. Midland Is
controlled by parties Interested severally In the D . & R . G. and Colorado
A Southern.
V. 70, p. 739. The Rio Grande Southern Is controlled.
The Missouri Pacific early In 1901 acquired $14,800 ,000 common and
$7,300,000 preferred stock, this, together with the Rockefeller Interest, It
Is understood, constituting a considerable majority of the entire stock.
V . 72, p. 338, 580, 1238; V . 73, p. 506.
33,517,000
4 g
6,382,500
m g
8,335,000
5 g
4 g
X2,277,000
2 , 000,000
5 g
15,200,000
4 £
14,482,400
4 g
y 65 0,000
4 g
748,000
5 £
1,077,000
5 g
750,000
4X g
1,425.000
5 £
(V 82 p 280)
5 g
4,28.3,100
763,500 5 In 1907
3,072,000
4 £
600,000
1,000,000
5 g
671 ,000
•
r> g
2,000,000
6
3,200,000
6
1 ,350,000
4
100
950,000 5 In 1907
1 ,000
1 ,050,000
4 g
4 (r
1,250,000
1,000
100 12,500,000
100
7,500,000
5,000,000
100
263 1901
4,495,000
1,000
4 g
All
1905
4,253,000
1 ,000
4 g
Text
1905
2,776,400
1 ,000
4X g
—
1905
1 ,000
5,500,000
5
—
1905
1 ,656,000
1,000
4X g
--- —
200,000
1,000
4X g
$2,233 .000 n ot fniarn ntced
y O f which
.537,264,473 532,962,879 $31,951,064
.$14,375,034 512,490,438 $13,123,004
*3,655,1 19 *3,295,426
. *4,224,921
844,255
.
940,234
643,537
Balance, surplus, after d ivid e n d s.. $4,849,327
When
Payable
$ 10 0 $.38 000 000
100 45,761 [400 5 In 1907 J
500 Ac
A N N U A L R E P O R T .— Annual meeting Is held on Tuesday preceding last
Friday In February. The report for 1907 was In V. 86, p. 543. The fol
lowing Includes all lines except Syracuse Binghamton A New York, Sussex
R R ., Bangor & Portland and Lackawanna & Montrose R R .
1906.
Year ending Dec. 31—
1907.
1905.
. $6,757,596
$6,216,624
$5,529,002
. 26,597,224
23,245,274
23,224,372
. 3,909,653
3,500,981
3,197,690
Other miscellaneous Income.
Hate
%
J
J
J
J
J
J
A
A
M
J
M
M
J
A
A
A
A
A
A
A
A
A
A
A
A
A
A
J
J
J
D
J
D
J
O
O
S
J
N
S
J
August
A
J
J
A A O
A
J
J
\1 A N
A A O
A A O
J
A
J
J
.1
J
A
A
A
Where Payable, and by
Whom
Bonds— Princi
pal, When Due
Stocks— Last
Dividend
Office 195 B ’w ay N Y
Fourth N at Bank N Y
do
do
do
do
Maitland, Coppell, N Y
do
do
Morton Trust Co N Y
do
do
do
do
do
do
do
do
Blair A Co, New York
do
do
Internat Trust Co Boston
Jan 15 1908 2
Jan 1 1936
Jan 1 1936
June 1 1928
July 1 1940
Dec 1 1939
July 1 1939
Apr 1 1949
Jan 1 1918
Mch 1 1931
July 1 1928
N ov '08-M a y ’ 13
S c p -’08-Sep T 7
Jan 1 1936
Y Aug 1 1907 5 %
Y Jan 1 1935
Apr 1 1935
Trust Co of Am er, N Y July 1 1931
Central Trust Co N Y Nov 1 1917
New York and London Nov 14 1918
Nov 15 1918
do
do
Farmers’ L A Tr Co N Y Jan 5 1908 2 %
25 Broad Street N
Central Trust Co N
J H K M cIIarg New York Jan 2 1908 2 X
1) J P Morgan A Co N Y .June 1 1995
D
do
do
June 1 1995
M A
S
.1
A 1)
F A A
J
A I)
J
A D
A A O
$260,000
Windsor Trust Co N Y
II B Hollins A Co N Y
Aug ’07 coup last paid
U S Mtge A Tr Co N Y
H B Hollins A Co N Y
Mere Trust A Dep Co Bal
In treasury.
Mch 1 1941
Dec 1 1955
Aug 1 1980
Dec 1 1908
To June 1915
To Oct 1 1912
D. A R . G. and Rio Gr. W est, own two-thirds of the stock and have given
a traffic guaranty to the Western Pacific R y. (which see), building from
Salt Lake City to San Francisco. V . 81, p. 845; V . 83, p. 568.
D IV S . since ’91\ ’ 92. ’ 93. ’94. ’ 95. ’ 96. ’ 97 ’ 98. ’ 99. '00. ’01 to Jan ’08.
on preferred. % . /
0
2
0
0
2
2 2X 4
4
5 yearly
S T O C K .— During 1901-02 pref. stock was Increased from $23,650,000 to
$44,400 ,000 , to acquire the Rio Grande Western stock.
V . 72, p. 775.
In
Dec. 1905 $1,312,700 pref. stock Issued to acquire Rio Grande Southern
stock, and for Improvements, and In Mch. 1907 $48,700 was listed, raising
the amount outstanding to $45,761,400. V . 84, p. 507.
B O N D S .— Consols of 1886 for $6,900,000 originally reserved for exten
sion to Ogden were available for capital requirements, of which part Issued.
V . 7 3 , p. 507. See abstract of mortgage in V . 47, p. 228.
The improvement mortgage abstract was In "Chronicle” , V . 47, p. 229.
Abstract of R . G. W . 1st mort. was In V . 49, p. 237, and statement to
N . Y . Stock Exchange, V . 50, p. 73; also V . 69, p. 284.
Utah Fuel 1st 5s
of 1931, see application to list, V . 78, p. 1171, 1178, 1548, 2015.
The Rio G. W . first consol. 4s of 1899 are secured by a first m ort., either
directly or by all their securities, on 219 m . of branch lines, and further by
a second lien on 438 m . of main line and other road, and on all new mileage
to be constructed and rolling stock purchased; also by a first lien on the en
tire $10,000,000 stock of the Utah Fuel C o.; $15,200,000 are reserved to
retire 1st M. 4s of 1939 and additional amounts m ay be Issued at $20,000
per m . for future branches and extensions or for underlying liens of acquired
roads. See application to list In full.
V . 72, p. 537. V . 7 2 , p. 775, 1189.
List of collateral June 30 1907, V . 85, p. 667.
Suit as to old bonds ,V . 84, p. 1052.
L A T E S T E A R N IN G S .— From July 1 to Feb. 29, 8 months:
8 Months—
Gross.
Net.
other Inc.
Charges.
Hal.. Snr.
$4,695,133 $365,564
$2,530,443
$2,530,254
1907 -08_____ $14,580,152
4,636,147
301,637
2,375,375
2,562,409
1 906 -07-------- 13,794,153
A N N U A L R E P O R T .— Full report for 1906-07 In V . 85, p. 631, 665, In
cluding the Rio Grande W estern. Sec p. 629.
Year end. June 30—
1907.
1906.
1905.
1904.
Average miles operated.
2,500
2,477
8,420
2,398
Gross earnings...$ 2 1 ,4 0 9 ,0 4 2
$19,686,115 $17,031,507 $16,446,434
Net earnings.................... . 8,156,930
7,581,943
0,862,547
6,387,991
Other Income......
243,379
262,124
192,133
214,345
Total net Income____ $8,400,309
Interest on bonds.......... .. $3,210,584
Taxes and Insurance___
758,908
Betterments, A c.......... ..
1,525,000
M iscellaneous....................
374,020
DIv. on pref. stock, 5 % .
2,286,853
$7,844,007
$3,191,907
737.502
1,150,000
322,185
2,285,635
$7,054,680
$3,182,573
761,038
283,913
298,617
2,250,000
$0,602,336
$3,170,802
671,470
' 305*651
2 ,220,000
$244,944
$156,839
$278,537
$234,413
Balance, surplus_____
O F F IC E R S .— Chairman of Board, George J. Gould; Pres., E . T . Jeffery;
Vlce-Pres., Chas. H. Schlacks; Treas., J. W . GUluly; Sec. and Com pt.,
Stephen Little. Office, 195 Broadway, N . Y .
Directors— George J. Gould, Winslow S. Pierce, E . T . JefTery, Edwin
Gould, Howard Gould. A . II. Calcf and Arthur Coppell, New York; Charles
II. Schlacks and Joel F. Valle, Denver, Col.— (V . 85, p. 864, 921.)
DENVER YE LL OWS TON E & PACIFIC R Y — See page 169.
DES iMOINES & FORT DODGE RR.— (See M a p Minneapolis & s t .
Lotiis.)— Owns Des Moines to Ft. Dodge, l a ., 88 m ., and lara to Ruthven,
55 m .; trackage, Illinois Central, Tara to Ft. Dodge Jet., 6 m ., Included
above. On March 1 1904 Minneapolis & St. Louis acquired $2,530,000 of
the outstanding $4,283,100 com. stock, and guarantees the $3,072,000 first
mortgage 4 % gold bonds Issued to retire all the outstanding bonds which m a
tured Jan. 1 1905; the Minn. A St. Louis leases the road for 30 years from
Jan. 1 1905; all Income over charges. Improvements, A c ., to be paid to
lessor.
V. 79, p. 268, 1704, 2085. Form of guaranty, V . 79. p. 2696.
Preferred stock Is entitled to 7 % , non-cumulatlve, then common to 7 %
after which both share equally.
The stockholders June 8 1906 authorized $1,000,000 second mortgage
bonds, of which $600,000 was used to pay floating debt Incurred for Im
provements and refunding, the common stock being raised from $4,283,100
to $5,335,600 and the preferred from $763,500 to $1,164,000 to make this
possibie. V . 82, p. 1322.
D IV ID E N D S — .
] ’ 93. ’ 94. ’ 95. ’ 96 to ’ 08. ’ 99 to ’ 03. ’ 04 to '07.
On p referred..................% )
2
4
4
6 y ’ rly. 7 y ’rly.
5 y ’rly.
Pres., Edwin Hawley; Vlce-Pres., L. F . D ay: Treas., F. H . Davis; Sec.,
W . S. Crandell. Report for year ending Dec. 31 1906 In V . 84, p. 1548.
showed gross earnings, $627,528; net, $264,604: taxes and Interest, $173,692;
dividends ( 5 % ) , $38,175; surplus, $52,737 .— (V. 84, p. 1488, 1548.)
DES MOINES IO W A FALLS & NORTHERN R Y . — Iowa Falls, l a ., to
Des Moines, 75 m .; completed A ug. 1903. In Dec. 1905 W m . A . Bradford
Jr. of New York acquired control. V . 81, p. 1723. The St. Paul A Des
Moines R R . (which see), owned by the same Interests, Is building a road
from Iowa Falls to Mason City, 45 miles, of which 17 miles to Hampton
completed Feb. 1908; balance to be In 1908.
V . 85, p. 160; V . 81, p. 1723.
Stock authorized. $1,200,000; outstanding, $881,400 June 30 1907: par
of shares $100 each. Bonds are limited to $14,000 per mile with $50,000
additional for Des Moines terminals. The St. Paul A Des Moines In 1907,
made a mtge. to secure an Issue of bonds. For the year ending June 30 1907.
gross, $228,607; net, $88,317; Int., taxes, A c ., $68,644; bal., sur., $19,673
Pres., W . A . Bradford Jr.; Sec. A Treas., G. A . W . Dodge.— (V .85, p. 160.)
DES MOINES UNION R Y . — Terminal road In Des Moines; owns 4 miles
main track and branches, 14 miles 2d and side tracks, bridge across Des
Moines River and 25 acres of land In Des Moines. See statement to N . Y .
Stock Exchange In V . 65, p. 1173. Leased to W abash R R ., Clilcago Great
Western. Chic. Mllw. A St. P. R y ., Chic. Burl. A Quincy R R ., Des Moines
Iowa Falls A Nor’ n R y. and Minneapolis A St. Louis R R .
V . 75, p. 342.
Rental equal to expenses and fixed charges paid monthly by lessees on
wheeiage basis. Stock au th., $2,000,000; ou t., $400,000; par, $100.
Year
1906-07, gross, $339,676; net, $123,312; charges, $59,446.
(V. 8 6 , p. 337.)
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[VOL. LXXXV1.
KAILWAY STOCKS AND BONDS.
50
R A IL R O A D S
For explanation of column headings, &c. see. notes
on first page of tables
Det & Tol Sh L— 1st M $3,000,000 g gu p & L M e .c*& r
Dover & Rockaway— Stock 6 % rental 1)91) years-------Dub & Sioux City— 111 Cent W lines 1st M g - - U s.c*& r
Iowa Falls & Sioux City 1st M Iowa Falls to SlouxCy
Cher & D ak C R & C anti Omaha Dlv &c first mtge
Duluth & Iron Range— First mortgage............ M p.c&r
Secontl M currency redeem at 105 $ 5 ,0 0 0 ,0 0 0 .Ce.c*
Duluth Missabc & Northern— First mortgage gold s f
First consol mtge $3,500,000 gold call at 105
_ .C c
General mortgage gold ---------------------------- ------------- N
Dul RL&VVln— lstM $2,000,000 g red 105 beg’ l 1. IC.e*
Duluth So Sh & Atlantic— Marti II & On gen M -.C e .c *
Duluth South Shore & Atlantic 1st M gold.C * ° ~
First consol mtge gold Interest guar------ Ce
Income certs ($3,000,000 held by Can Pac July ’ 07)
Car trusts guar by Can Pac (due m onthly)---------do
guar by Can Pac (due $17,000 yearly)
Durham & So Car— 1st M $300,000 gold red 1 0 5 .Mt
Durham Onion Station— First M $75,000 g
S.c*
Dutchess County RR— See Central New England R y .
East Mahanoy RR— S t o c k - - - - - - - ................. .........
East Tennessee Virginia & Georgia— See Southern R
East Tenn & VV No Car— 1st M g (V 81 p 1723LG uPc*
Eastern Ry of Minnesota— See Great Northern
El Paso & Northeastern— N M R y & Coal M g o l d . . !
N M R y & Coal coll trust gold redeem at 105-----Alam & Sac Mt first mtge $900,000 gold guar-----Ei Paso Union Pass Depot— 1st M g $240,000 s
Elgin Joliet & Eastern— First M ($10,000,000) g .
Elmira & Lake Ont— Sodus Bay & So— 1st M g ..
Elmira & W illiam soort— Stock common 5 % rent
First m ortgage.
Includes (a) $208,000
IIN T E R E ST ' OR D I V I D E N D S
M iles
of
Road
48
Date
of
Bonds
1903
218 1895
184 1869
328 ’88-00
210 1887
210 1896
65 1892
130 1893
215 1906
1906
156 1885
416 1887
572 1890
1892
1906
1907
30 1905
1905
1888
1905
1,000
500,000
___
165
31
128
133
1901
1897
1898
1901
1901
1905
1891
1884
lof M
$2,288,000
4 g
6
140,000
5,425,000
4 g
7
2,800,000
8,930,000 Illinois
6,732,000
5
1,000 &c
6
1,000 &c See text
1 ,174,000
6 g
1,158,000
1,000
6 g
5,540,000
1,000
a g
2,000,000
1,000
5 g
1 ,077,000
6
1,000
3,816,000
1,000
5 g
1,000 15,107,000
4 g
3,000,000
4
101,003
4)4
100 &c
5
16 3,615
300,000
5 g
1 ,000
54,000
5 g
1,000 &C
497,750
1,948,300
495,000
34
1860
1863
Paso &
2,000,000
1,000 a 3 ,000,000
b 372,000
1,000
2,500,000
1,000
3,000,000
1 ,000
240,000
1 ,000
8 ,500,000
l ,000
500,000
1 ,000
500,000
. 50
500,000
50
963,000
1 ,00C
570,000
50C
North ea Istern R y
DETROIT GRAND HAVEN & M IL W A U K E E RY.— (gw M a p Grand
Trunk. R y .)— Owns from Detroit to Grand Haven, M ich., 189 miles. A re
organization of Sept. 1878. The principal and interest on the bonds are
guaranteed by the Grand Trunk of Canada. Stock, $1,500,000; par, $50.
Real estate bonds or mortgages, $220,000. On Dec. 31 1900 sundry out
standing accts., $285,000.
Grand Trunk of Canada owns entire stock.
E A R N IN G S .— 8 m os., \ 1907-08............ Gross, $1,251,522; net, $230,745
Julv 1 to Feb. 29.
J1906-07.............Gross,
1,225,830: net, 285,580
Year ending June 30 1907, gross. $ 1 ,788,701; net, $379,431; charges,
$356,852; bal., sur., $22,p79.
For cal. year 1906, gross, $ 1 ,7 3 9 ,2 1 2 .—
V . 82, p. 980.)
DETROIT H IL L S D A L E & SOUTHWESTERN R R .— Owns Ypsllantl,
Mich, to Bankers, M ich., 65 m . Leased In perpetuity July 1 1881 to the
Lake Shore & Mich. Southern R y .; rental, $54,000 per year— 4 % on stock.
DETROIT M ACKINAC & MARQUETTE R Y .— S E E MISC. COS.
DETROIT & M ACKINAC R Y .— Owns from Bay City, Mich., to Cheboy
gan 195 m .; Rose City Branch, 32 m .; Prescott Branch, 12 m .; Lincoln
Branch, 14 m .; Au Gres Branch, 8 m .; various logging branches (largely
tem porary), 83 m .; total, 344 m .
Extension north from Tower to Cheboy
gan, 22 m ., was completed In July 1904, and to be continued to Mackinaw,
23 miles further.
Extension from Alpena to Atlan ta, 36 miles, was under
construction July 1907.
In 1906-07 carried 1,478,450 tons, of which
forest products furnished 4 7 .5 5 % .
In 1902 Henry IC. McHarg and asso
ciates acquired control.
B O N D S .— “ Mortgage bonds” for $500,000 were reserved for betterments
& c., at not over $50,000 per year. V . 74, p. 629.
In addition to the
amounts shown above as outstanding, $450,000 ‘first lien and $250,000
“ mortgage” bonds were on June 30 1907 held In the treasury. Equipment
notes (5s), $180,000, due $0,667 m onthly to July 1910 Inclusive; loans and
bills payable June 30 1907, $240,827.
S T O C K .__ The capital stock Is $ 3 ,000,000, of which $2,000,000 common
anti $1 000,000 5 % non-cum. preferred. See V . 74, p. 629. D lv. on pref.,
2 ^ % ; July 1 1903; since to Jan'. 1908, 5 % yearly.
I A T EST E A R N S .— J1907-08.......... ..Gross, $798,224; net, $182,129
8 m o s . , July 1 to F eb. 2 9 .1 1 9 0 6 -0 7 ________ Gross,
831,419; net,
150,379
E A R N IN G S .— Report for year ending June 30 1907 was In V . 85, p.
1200 showing .gross, $1,311,275; net, $219,921: Int., taxes, & c., $167,187;
pref. d lv ., (5 % ) $47,500; bal., sur., $ 5,233.— (V . 85, p. 1005, 1206.)
DETROIT R IV E R TUNNEL CO.— See Michigan Central.
DETROIT TOLEDO & IRONTON R Y .— Opeates road from Detroit,
Mich to Ironton, via Lima, 384 m ., Including 40 m . of trackage; branches,
Kingman to Sedalla, O ., 31 m .: Jackson to Cornelia, 20 m ., and U sm an
Jet to Dean, O ., 3 m .; total, 435 m .; coal mine tracks, yard tracks and
sidings 125 m . Outlet for bituminous coal of Southern Ohio. In June
1905 acquired control of Ann Arbor R R . V . 81, p. 264; V . 82, p. 509.
O R G A N IZ A T IO N .— Incorporated May 1905 as successor ,pcr plan V .
80, p. 650, of Detroit Southern R R ., foreclosed, subject to Ohio Southern
Division mortgage. V . 80, p. 2344, 1856.
Receivership.— In Feb. 1908 Geo. IC. Lowell, Benj. S. Warren and Thomas
D Rhodes were appointed receivers, the interest on the consol. 4 U s due
Feb 1 1908 being In default. The Interest due March 1 1908 on Ohio So.
dlv bonds was paid and the June 1908 coupons on the divisional and gen.
Hen 4s Is expected to be m et, so as to prevent them from being disturbed In
a reorganization. V . 86, p. 337. On Feb. 25 1908 $300,000 receiver’ s
certificates were authorized, having a lien Junior to the Ohio Southern divi
sion and divisional and general lien 4s, of which $100,000 to be Issued at
once. V . 86, p. 546, 602.
Committee for Consol. 4 )4s.— A committee (Russell Harding, Chairman;
Henry V . Poor, Secretary; Central Trust C o., depositary) requested deP°Coflaferal Trust Noteholders'Committee*.— Joseph^Ramsey Jr. Is Chairman
of one committee, W alter L. Worrall, Secretary; New York Trust C o., de
positary. This committee claims that the $5,000,000 consols deposited
as part security were Issued contrary to the reorganlzat on plan. V . 80,
p. 337, 420, 4 80, 546. 602. Another committee (E . Rollins Morse, Chair
man) requested deposits with Windsor Trust Co. of N . Y . V . 86, p. 602.
Stockholders' Committee.— W illard V . K ing, Evans R . Dick and E . L.
Oppenhelm (Columbia Trust C o ., N . Y . , depositary). V . 86, p. 794.
B O N D S .— Gen. lien and dlvis. 1st 4s are secured by mort. on entire sys
tem, Including future property, except Toledo terminal.
The consol. 4 K s cover the whole system and are also a first Hen upon the
stock of the Toledo Southern R R . and all additional mileage constructed
or acquired by means of bonds other than the $ 2 ,6 7 a ,000 first Issue.
The 5 % notes of 1905 ($5,500,000 Issue) are secured by $3,102,400
Ann Arbor preferred and $2,190,000 common stock and $a,000,000 D et. 1 .
& I. consols. V. 80, p. 2457, 2620; V . 81, p. 155.
Loans and bills payable
June 30 1907, $565,(100.
R E P O R T .— For year ending June 30 1907 in V . 85, p. 1335.
•
Entire System (including A nn Arbor) .
Year.
Gross.
Net.
Oth.inc .
Int.&taxes. Balance.
1906-07 ............... $4,298,925 $1,320,320
$29,137
$1,343,638
$5,820
1905- 06 ............... 4.118,809
1,343,181
34,262
1,217,679
159,763
Detroit Toledo <ft Ironton Proper.
1906- 0 7 .............$2,116,409 $553,462
$1,553
$926,638
def. $371,623
1905-06................. 1,943,577
559,630
5,097
836.568
def. 270,941
Interest charge Includes yearly $275,000 Interest on collateral trust notes
Issued for Ann Arbor stock. See V . 83, p. 1034.
Pres.. Eugene Zimmerman, Sec. and Treas., G. Casper Niles. Office,
D etroit.— (V . 85, p. 1335: V . 86. p. 480, 546, 602, 794.)
DETROIT & TOLEDO SHORE LINE R R .— Extends from Toledo to
(suburbs of) Detroit, 47.6 m .; 2d track, 20 m .; sidings, 3 m .; trackage over
Toledo R y. & Terminal C o., & c., 31 m .; total track, 101.6 miles. V . 78,
p. 2598.
Rate
%
$1,000
100
1,000
500 &c
50
50
1,000
36
36
181
34
75 H
75
75)1
Size, or
Amount
Par
Outstanding
Valu
When
Payable
Where Payable, and by
Whom
& J Mercantile Trust of N Y
& O 143 Liberty St New York
& A Office 115 B 'w ay N Y
do
do
& O
entral bo nds or collateral therefor
& O Office Empire Bldg N Y
do
do
& J
&
Central Trust Co N Y
&
Com pany’s office N Y
&
Chase N at Bk N Y ; &Chlc
&
44 W all Street New York
&
do
do
&
New York or London
&
Montreal, Quebec
Bonds— Princi
pal, When Due
Stocks— Last
Dividend
Jan
Apr
Aug
Oct
1 1953
1908 3 %
1 1951
1 1917
Oct 1 1937
Jan 1 1910
Jan 1 1922
Jan 1 1923
Jan 1 1941
Jan 1 1910
Apr 1 1925
Jan 1 1937
Aug 1 1990
Dec 3 1 1 9 1 2
To Jan 1911
June 1908-1917
j. & D 15
&
J Merchants’ Trust Co Balt July 1 1935
j
M & N Standard Trust Co N Y May 1 1955
5
6
4 g
.1 & D 15 Reading Term Phlla Pa Dec 10 1907 2H
Jan 15 1908 3%
do
do
& .1
J
Mch 1 1 9 5 8
do
do
M & S
5 g
M
&
N Guar Tr & S D Co Phlla Nov 1 1 9 3 5
5
5
5
5
5
5
5
5
5
7
(j
5
A
A
A
J
J
J
M
J
M
.1
J
A
&
&
&
&
&
&
&
&
&
&
&
&
O Trust Co of America N Y
do
do
0
do
do
o
do
do
J
do
do
J
do
do
J
N 71 Broadway New York
J N at Bank of Comm N Y
N Broad St Station Phlla
J
do
do
do
do
.1
O
do
do
£
g
g
g
g
g
g
g
.
Oct 1 1951
Oct 1 1947
Apr 1 1928
Jan 1 1951
July 1 1951
Jan 1 1910-1935
May 1 1941
July 1 1924
May 1908
Jan 1908
Jan 1 1910
Oct 1 2802
The Grand Trunk Western R y. and the Toledo St. Louis & Western R R .
own the entire stock and Jointly guarantee the bonds, principal and Interest,
by endorsement. See form of guraanty, V . 76, p. 653. The unissued bonds
are reserved for extensions and Improvements.
Year ending June 30 1907,
gross, $810,267; net, $190,301; Interest on bonds (less Int. on bank balances),
$89,026; bal., sur., $101,275.
Pres., T . P. Shonts.— (V . 78, p. 2598.)
D U B U Q U E & SIO U X C ITY R R .— (See M a p of Illinois Central.)— Owns
Dubuque, Iowa, to Iowa Falls, 143 miles; Iowa Falls to Sioux City, 184 m .
Manchester to Cedar Rapids, 42 m .; Onawa, Iowa, to Sioux Falls, D akota,
155 m .; Cedar Falls to Minnesota State Line, 76 m .: Tara Station, near Ft.
Dodge, l a ., to Council Bluffs, 130 m .; total owned, 730 miles.
O R G A N IZ A T IO N .— Controlled since April 1887 by the Illinois Central
R R ., which owns nearly all the $15,000 ,000 stock and has Issued Its own
bonds on the road; the only D. & S. C. bonds held by the public arc the Iowa
Falls & Sioux City 7s, $2,800,000.
Lease, V . 79, p. 1274.
D IV ID E N D S SIN CE 1894.— 1895, D ec., 1; ’ 96, 3; ’ 97. 2; ’ 98. 3 ^ ; ’ 99, 3;
1900, 3; 1901, 1)4; 1902, t; 1906, 1 )4 ; 1907, June 30. 4 .— (V . 70, p. 1290.)
D U L U T H & IRON R ANGE R R .— Owns Duluth to E ly , M inn., 117 miles;
Tower Jet., to Tower 1.40 m .; Allen Jet. to Virginia, 25.31 m .; McKinley
to Eveleth, 8.63 m .; W aldo to Drummond, 8.50 m .; branches and_ spurs,
49.20 m .; trackage to Union Depot, Duluth, 0.80 m .; total, 211.06 miles.
Owns ore docks and yards on Lake Superior costing over $ l,o 0 0 ,0 0 0 .
ST O C K . &c.— Stock authorized, $10,000 ,000 ; outstanding, $3,000,000,
par, $100. Land grant from Minnesota about 506,000 acres, of which
201,790 acres had been patented to It prior to April 30 189o; V. 64, p. 1041.
Federal Steel Co. (see U. S. Steel Corp.) owns the stock and $3,o00,000 of
the $4,500,000 2d mortgage bonds,
(V . 66, p. 1237.)
First mort. bonds
authorized, $25,000 per mile for construction and 57,000 for equipment.
Dividends prior to 1900 aggregated i 0 0 % ; In 1901-02, 6 % ; In 1903-04, from
accumulated sur., 1 5 0 % ; in 1905 6 5 % , and June 1906 4 0 % ; since (?) % .
V . 79, P- 2085.
Year ending June 30 1907, gross, $ 8 ,171,484; net, $4,567 ,0 8 3 ; other In
come, $143,650; Int., s. f. and other charges, $1,274 ,8 3 6 ; bal., sur., $3,43o,897. — (V. 79, p. 2085.)
D U LU TH M ISSABE & NORTHERN R Y — Owns from Dulutli to Moun
tain Iron, M inn., 78 miles; branch from Alborn northwesteuy to Buckeye
Mine, 53 miles (opened Sept. 1906); other branches and spurs, 115 miles;
trackage to Union Depot, Duluth, 2 m .; total, 246 m .
Entire $4,ll2,oO O
stock and $1,935,000 of bonds owned by Lake Suprelor Consol. Iron Mines
and so by United States Steel Corporation. V . 7 2 , p. 1038.
Of the general 5s of 1906, bonds are reserved to refund the 1st consols,
balance for new construction and equipment.
V . 8 2 , p. 1101.
In 1903-04 paid dividend of 150% from accumulated surplus and In Sept.
1905 7 0 % and June 1906 4 0 % . V . 79, p. 2085. Since (?) %
For year
ending June 30 1907, gross, $10,981,893; net, $ 6 ,3 2 8 ,o89; other Income,
........................
s $727 092; bal., sur., $ 5 ,738,686.
In 1905“
$137,189:
Int. and sink.funds,
06, gross, $8,368,489; net, $ 5 ,3 9 0 ,7 4 2 . -(V . 82, p. 1101; V . 84, p. 220; V .
86, p. 228.)
D U L U T H R A IN Y L A K E & W IN N IP E G R Y .— Completed April 1908
from Virginia, M inn., north to connection with Canadian Northern at Inter
national Falls, 98 miles, giving that road access to Duluth and I wo Harbors,
at the head of the Great Lakes.
V . 86, p. 546.
Stock, $ 2 ,000,000, owned by the Virginia & Rainy Lake C o., which guraantees the Interest on the bonds. Sinking fund yearly, beginning March
1909, amounting to two-thirds of net earnings of preceding calendar year.
V . 81, p. 558, 613, 1848; V . 82, p. 751; V . 83, p. 323; V . 84, p. 158; V . 85,
p. 1518.
W ith 38 miles in full operation, earnings were:
E A R N IN G S .— For year ending Dec. 31 1907 (48 miles In full operation).
gross. $403,229; net, $147,997.
For year ending Dec. 31 1906, gross,
$336,878; net, $136,261; int. on bonds, $68,024; bal., sur., $68,237 . Pres.,
W irt II. Cook; Sec., David O. Anderson.— (V . 86, p. o46.)
D U L U T H SOUTH SHORE & A T L A N T IC R Y .— Operates Duluth to
Saulte Ste. Marie, 415 miles; “ Sco” Junction to St. Ignacc, 43 miles, other,
135 miles; total, 593 miles, Including 17 miles of trackage.
C A P IT A L S T O C K .— Common stock Is $12,000 ,000 ; pref., $10,000,000;
par, both $100.
Pref. stock Is 6 % non-cum. Can. I ac. July 1 1907
owned $6,100,000 com. and $ 5 , 100,000 pref. stock, $3,000,000 Incomes
and $15,107 ,000 consols.
B O N D S , &c.— Abstract first mortgage, V . 45, p. 274.
The first consolidated mortgage of 1890 has Interest at 4 % guaranteed
by Can. P ac., which July 1 1907 held the entire outstanding Issue ($15,107,
000) In Its treasury as security for Its 4 % debenture stock; consols for $4,
89 3,000 are reserved for prior bonds, and additional amounts m ay be Issued
at $20,000 per mile of new lines. Car trust 4 H s of 1906, V . 82, p. 452. Due
Canadian Pacific R y. June 30 1907 for guaranteed Interest advances,
$-1 , 9 3,675; on general acct., $187,988; unguar, car trusts, $236,213.
L A T E S T E A R N IN G S , U 907-08 ____ Gross, $ 2 ,117,189; net, $532,043
8 m os., July 1 to Feb. 29.J 1906-07____ Gross,
2 ,092,522; net,
663,042
Def. under charges, $187,813, against sur. $15,719 In 1006-07.
R E P O R T .— Report for year ending June 30 1007 In V . 83, p. 788.
Of the tonnage In 1906-07, ores furnished 4 0 % , lumber ,& c., 2 8 % .
Year.—
Gross.
Net over taxes. Oth.Inc.
Interest.
Balance.
1906 -07.............$3,311,878
$820,737
$13,654
$880,927 d e f.$55,536
1005 -06_______ 3,057,800
707,878
14,536
878,717
d e f.156,303
Pres., W . F. Fitch, Marquette, Mich.— (V . 85, p. 405, 599, 788.)
D U R H AM & SOUTH C AR O L IN A R R .— Durham, N . C ., south 30 miles
to M lntum on the Seaboard Air Line, completed Oct. 1005. Stock, $300,
000; par of shares, $100.
Bonds, see table above. V . 81, p. 840. Pres.,
Ernest W illiam s, Lynchburg, V a .— V . 81, p. 840.
D U R H A jM u n i o n STATION CO.— Owns passenger station at Durham
N . C ., opened May 1 1905 and used by the Southern R y ., Seaboard Air Lino
R y ., Norfolk & Western R y. and Durham & Southern, which each own onefourth of $33,300 stock. Lease provides for rental by several lines sufficient
to pay Interest on bonds and other charges. Pres., H . W . Miller; Sec.,
C JN. Freeman
A pii., 1908. J
KALLWAY STOCKS AND BONDS.
R A IL R O A D S
F o r exp la n a tion o f colu m n headings, & c ., see notes
on fir s t page o f tables
M ile s
of
R oad
D ate
of
B on ds
S iz e , or
Par
V a lu e
51
IN T E R E S T OR D IV ID E N D S
A m ount
O utstanding'
R ate
%
W hen
P a ya b le
W here P a y a b le, and by
W hom
B onds— P r in c i
pal. W h en D u e
S tocks— L a st
D iv id en d
Eric & P i t t s b u r g h — Stock 7 % rental 090 yrs Penn Co
85
$50 $2,000,000
7
C)— M
Union Trust Co New York Mch 10 19081 Ye
Special guaranteed betterment stock $2,500,000 —
85 ____
50
1,235,000
7
(:}— M
do
do
Mch 10 1908 1 Ye
General mtge (now first) $4,500,000 gold g u a r.-U n
85 1890
1,000
4,348,000
A
J
do
do
3H g J
July 1 1940
Eric Rail ro ad — Common stock $133,000,000 auth-----___ ____
100 112,378,900
Second preferred stock 4 % non-cumulatlve------ —
___ ____
100 16,000,000 See text Seml-ann J P Morgan A Co N Y Apr 1007 2 %
First preferred stock 4 % non-cumulatlve----------------...
—
100 47,892,400 See text Seml-ann
do
do
Apr 190 7 2 %
A— Old B o n d s Assumed— Roads Consolidated
N Y & Erie 1st M Plcrm to Dun ext 1807 g o ld -.c *
447 1847
1,000
M A N 50 Church St New York May 1 1947
2,482,000
4 g
Second mortgage (extended In 1879) gold------ c*
447 1840
1,000
do
do
2,149,000
M
A
S
5 g
Sept 1 1919
Third mortgage (extended In 1883) gold-------- .c *
447 1853
1.000
do
do
4,617,000
4« g M A S
Mch 1 1923
Fourth mortgage (extended In 1880) gold-------c*
475 1857
1,000
do
do
2,026,000
5 g
A A o
Oct 1 1 9 2 0
Fifth mortgage (extended In 1888) gold---------- c*
475 1858
500 Ac
4 g
709,500i
do
do
J
A D
June 1 1928
Erie R y 1st M Buff Br Hornellsv to Attica g o ld -.c *
60 1861
200 Ac
182,400
J
do
do
A
4 g
J
July 1 1931
First consol mtge $30,000,000 gold $ or £ ._ F .c * c
526 1870
1,000 16,891,000
M A
do
do
S
Sept 1 1020
7 g
N Y L E & W est funded coupon bonds gold____ c*
526 1878
500 Ac
3,699,500
7 g
M A
S
do
do
Sept 1 1920
Buffalo N Y A Erie 1st M (Buffalo to C o rn in g )..c *
140 1876
1,000
2,380,000
7
A D
do
do
J
June 1 1 0 1 6
Buffalo A Southw 1st M Buffalo to Jamestown g .c *
67 1877
50 Ac
1,500,000
6 g
J
A
J
do
do
July 1 1908
Newburg A N Y 1st i f gold extended In 1880____ c*
12 1868
1,000
250,000
5 g
J
A
do
do
Jan 1 1929
J
B— B o n d s on Properties Controlled by Ownership of En tire (*) or a MaJ orlty (b) of Capital S took, or by (c) Lease
♦Bergen Co R R 1st M Ruth Jet to Ridgewood N J
10 1881
1,000
200,000
6
A A O 50 Church St New York Apr 1 1911
*Ch & Erie 1st M g (Marlon O to H am ’d Ind) -C e.c*
250 1890
1,000 12,000,000
M A N
5 g
May 1 1982
do
do
Chicago & Atlantic Terminal first mortgage g. -Ce
1888
1,000
300,000
J
A
J
do
do
5 g
July 1 1918
cGoshen A D eck’ t’ n 1st A 2d M ’s ($00,000 are 2d)
68-69
246,500
6
Various
1028-1920
cMont A Erie 1st & 2d M ’s ($40,500 are 2ds)_______
66-67
170,500
5
Various 50 Church St New York 1926-1927
♦Jefferson 1st A 2d M ’s ext In ’87 A ’8 9 (H ’daleBr) _c
8 67-69
500 Ac
300,000 4 K A 6 j
A
J Fidelity Trust Co Phlla July 1 1 027 -29
First mortgage Carbondale to S depot g o ld .F P .c*
37 1889
1,000
2,800,000
A A O 50 Church St New York Jan 1 1909
5
g
♦Long Dock Co cons M g (now 1st M) (sec text)
c*
1885
1 ,000
7 ,500,000
A A O J P Morgan A Co N Y Oct 1 1035
6 g
cN Y & Grecnw L prior lien M $ 1 ,500,000 g o ld .. N
100 Ac
52 1896
1,500,000
M
A
N
do
do
May 1 1946
5 g
£>New Jersey & New York 1st M (reorganization) c*
34 1880
500 Ac
400,000
6
M A N
do
do
May 1 1910
General mtge $1,200,000 (red 105 after 5 yrs) gold
1802
500 Ac
629,500
5
J
A
J
do
do
Jan 1 1933
N Y L E A W C R R 1st M "law fu l money” ..M p .c *
1882
1,000
1,100,000
6 cur M A N
do
do
May 1 1922
*N Y L E & W D 4 I Co 1st M (V 50 p 8 2 )____ F.c*
1,000
3,396,000
1883
6
J
A
J
do
do
July 1 1913
.
*N Y Pa A Ohio prior lien mtge gold $ or £ ___ F.c*
500 Ac
8,000.000
422 1880
S
do
do
4W g M A
Mch 1 1935
Do Leased lines— see separate statements for Cl evelan d A M ahonlng Valley R R and Shar on R y
cN Y Susquhcanna A Western— Northern New Jers ey— T loga R R— See e ach compan y
C— Erie Railroad Company Bonds
Second mtge on Buffalo & Southwest g o ld .. M o.c*
1,000,000
1,000
67 1895
j
A
J 50 Church S t New York July 1 1908
5 g
Prior lien bonds $35,000,000 g o ld .. . . _______F .c*A r
1,000 35,000,000
4 g
1805
j
A
J New York and London Jan 1 1996
General lien $140,000,000 gold
e*8:r
1,000 44,012,000
4 g
1 805
A
j
J 50 Church St New York Jan 1 1996
E A S T B R O A D T O P R R . & C O A L CO. (P a.)— Owns from Mount Union,
P a ., to W oodvale, P a ., 36 miles; Shade Gap R R ., 5 m ., and branches to
mines, 2 m .; total, 43 m . See V . 75, p. 77. A coal road,opened In 1874.
(Par * 50)> of which $247,180 Is 6 % pref. First mtge. 4s
($500,000) due July 1 1003, remain unpaid; no lnt. paid thereon since Jan.
1885. Car trusts, $42,400; ln t., 6 % , payable M .-N .
Year 1906-07, gross,
$242,681; net, $135 ,90 7; other Inc., $3,051; ln t., A c ., $26,022; bal., sur.,
8112.036.
Pres., R . S. Slebcrt, Orblsonla, Pa. Office, 316 W alnut S t.,
Phlla.— (V . 77, p. 145.)
ELAIIRA & W I L LI AM S PO R T R R . — Owns from W illiamsport, Pa to
Elmira, N . Y .. 75)^ miles. Leased to the North. Cent. R y . for 090 years
from May 1 1863. The dlvs. on the com. stock are 5 % and on the pref. 7 % .
less taxes, making dlv. on com. 4 .5 2 % and on pref. 6 .3 2 % .
Year ending
Dec. 31 1907, gross, $1,924,976; net, $368,365; rental, $154,573.
ERIE & PITTSBURGH R R . — Owns New Castle, P a ., to Girard, P a ., 79.6
miles; branch to Erie docks, 3 m .; trackage to Erie, 17 m .; total operated,
100 miles. Leased to Penn. R R . for 999 years In 1870 at 7 % on stock and
Interest on bonds, and lease transferred to Penn. Co. Under agreement of
N ov. 1 1905 the Penn. R R .w Ill provide sinking fund Installments required
EA S T M A H A N O Y R R . — Owns from East Mahanoy Junction to St.
by the gen. m tge., the E . A P. to deliver its 3
debentures at par for
M cholas and branches, 11 miles; 2d track, 2.10 m .: total track, 19.67 m.
such advances and at maturity of the gen. mtge. bonds to exchange new
Re-leased Dec. 1 1806 for 009 years to Little Schuylkill N av. R R . A Coal Co.
m tge. bonds therefor. Debentures outstanding Dec. 1907, $150 ,26 5.
at 5 % on stock, and lease assigned to Phlla. A Reading R y. Of the stock
$280,000 was deposited by Reading Co. under Its general mortgage.
S T O C K .— The special betterment stock ($2,500,000 auth.) Is subodrlnate
to the old stock, but guaranteed 7 % dividends. V . 80. p. 162.
E A S T P E N N S Y L V A N I A R R . — Owns Reading, P a ., to Allentown, P a .,
E A R N IN G S .— The lease showed to the lessees In 1902, profit. $254 ,14 2:
35 miles; 2d track, 27.17 m .; all track, 87.57 miles. Leased for 009 years
In 1003, $107,549; In 1904, $262,544; In 1005, $442 ,05 9; In 1906, $475 7 4 4
from May 1 1860 to the Phlla. & Reading R R . at a rental of 6 % per annum
’
’
on the stock and Interest on the bonds. Lease assumed In 1896 by the In 1907, $634,366. See V . 84, p. 749.>— (V . 84, p. 749.)
Phlla. & Read. Rallied// Co. Of the stock, $ 1 ,096,700 was owned by Read
ERIE R A I L R O A D . — (See M a p on adjoining page.)— Embraces trunk
ing Co. Juno 30 1007, $875,000 being deposited under gen. mtge. of 1807.
line from Jersey City, opposite N . Y . C ity, to Chicago, 111., 998 m ., and
branches, 1,335 m .: total, 2,333 m .; second track, 814 m .; 3d and 4tli tracks
E A S T T E N N E S S E E & W E S T E R N NOR TH C A R O L I N A R R — A narrow33 miles; total, 3,180 miles.
In 1906 electrification of Rochester division
gauge road from Johnson City, Tenn., to Cranberry, N . C ., 34 miles. E x
and
branches, total.150 miles, was begun. V . 82, p. 1379; V . 85, p. 927.
tension from Johnson City to Ham pton, T enn., 15 m ., was completed as
Lines owned in fee—
M iles. \ Leased lines—
M iles
third rail In Dec. 1006. Stock, $501,000. Controlled by the Cranberry
Plermont, N . Y . , to D u n k irk ,. 447 |Avon Gen. A M t. Morris____________ *15
Iron A Coal Co. For year ending June 30 1907, gross, $231,019; net, $87,
Buffalo to Jamestown, N . Y . .
67 |Montgomery A Eric
*io
576; other Income, $989; lnt. and taxes, $31,364; bal., sur., $57,202. Pies.
F. P. Howe. Phlla., P a.— (V . 82, p. 333, 1379.)
Buffalo to Corning, N . Y ----------- 140 |Northern R R . of N . j _________
*26
Other branches-------------------------139|Goshen A Deckertown_________
*12
E A S T E R N K E N T U C K Y R Y . — Riverton to W ebbville, K y ., 36 m . Stock,
Stock all (a) or nearly all (b) owned. IRochester A Genessee Valley
*18
com ., $1,69 7 ,8 0 0 ; pref., $1,779,500; par, $100. No bonds. Bills and
43
» acc’ ts payable June 30 1906, $44,372; car trusts, $14,386.
Earns, for year aChlcago A Erie R R ---------------------*250 IOther lines_______________________
a Jefferson R R ..........................
*45 | Leased to Nypano RR.
1006-07, gross, $ 5 4 ,4 8 8 ; net, $5,108; deductions, $4,794; bal., sur., $314.
N . Y . A Greenwood Lake R R . *52|Cleve. A Mahoning Valley R R . *81
E L P A SO & N O R T H E A S T E R N CO.— Owns the El Paso & Northeastern
*32
bNew Jersey A New York R R . *38 |Sharon R a ilw a y ________ . . .
R y ., from El Paso, Texas, northeast 165 miles, to the Salado coal fields,
Erie A W yom ing Valley R R . . .
59 |Other lin es,___ __
54
controls and operates El Paso A Rock Island R y ., Carrlzosa to Santa Rosa, aNypano R R ..................
*422 ITrackage_________________
185
128 m .; Alamagordo & Sacramento M tn. R y ., Alamagordo, N . M ., to
bTtbga R R ...................... ................
58|
'
— — _
Russia, 31 m .; Dawson R y ., Liberty, N . M ., to Dawson, 133 m .; total, 457
Other lines----------------------------------- 140 ILtnes In system June 30 ’ 07
2,333
miles. Name changed to New Mexico R y . A Coal Co. In 1005. Operated
•See this company.
|N. Y . Susquehanna A W e s t . . . *238
as eastern division of El Paso & Southwestern system , the western division
Cut-offs, A c ., V . 80, p. 2621; V . 81, p. 777; V . 83, p. 910; V . 84, p. 1366.
being the El Paso & Southwestern R R ., extending from El Paso, T e x ., to
H I S T O R Y .— On Dec. 1 1895 succeeded to the property of the old N . Y .
Benson, A rlz., with branches.
Lake Erie A W est. R R . C o., sold In foreclosure on N ov. 6 under Its 2d con
The El Paso A Rock Island R y. was Incorporated In 1902 with $2,500,000
solidated
mtge. The new company holds in fee or through ownership of all
stock (of which 6 0 % owned by the El Paso A Northeastern Co.) and
or practically all the stock of the Independent companies the line from
$2,500,000 5 % guaranteed 50-ycar bonds. It has close traffic agreement
New York to Chicago (Including the Nypano R R . and Chic. A Erie com
with Chic. Rock Island A Pacific for 999 years. V . 71, p. 1210.
panies) , and also all branch and subsidiary lines except a few small proper
The Dawson Railway A Coal C o., stock $3,000,000, has Issued $3,000,000
collateral trust bonds, which are guaranteed, principal and Interest, and are ties. The reorganization plan of 1895 was In V . 61, p. 368.
In Jan. 1008 the Interest in the Lehigh Valley stock acquired In 1901 was
secured by the stock and bonds ($3,000,000 each) of the Dawson R y ., and
those of the Dawson Fuel Co. ($1,000,000 each), the latter owning about reported as sold. V . 86, p. 228.
25 000 acres of coal, mineral and timber lands. V . 73, p. 000; V . 74, p. 776.
C O A L A N D S T E A M B O A T P R O P E R T Y . — The Erie coal properties rep
S T O C K .— Stock, $ 12 -,0 00 ,000 , all of one class.
In May 1905 Phelps, resent an aggregate of 10,500 acres of anthracite, of which about 9,000 acres
are held In fee; also 53,000 acres of bituminous coal lands held In fee, 14,000
Dodge & Co. Interests. It Is understood, acquired entire stock of system.
acres of bituminous held under mineral rights. Its coal tonnage In the
B O N D S .— The New Mexico R y. A Coal Co. coll, trust 5s of 1897 are year 1006-07 aggregated 18,258,031 out of the 39,169.617 tons hauled,
secured by the stock and bonds of El Paso A N . E . R y. of New Mex. ($2,
rhe Union Steamboat Line (merged In Erie R R . Co. June 30 1896), has
700,000 of each), the stock of the El Paso & N . E . R R . of Texas, $300,000 terminal. A c ., properties In Buffalo and 8 lake steamers. See V . 63 p 514
(no bonds Issued), and all the stock ($2,500,000) and all the bonds ($1,500, The P enn, coal properties acquired In 1901 are additional. V . 82, p . 1322.
000) of the New Mexico Fuel C o., the latter covering 3,500 acres of coal
S T O C K .— The voting trust was dissolved May 1 1904. V . 78 p 1549
lands. Of the first and consolidated and coll, trust 5s of 1001, $3,000,000
The prior lien and the general lien bonds of 1895 have 10 votes for each $1 are reserved to retire the coll, trust 5s of 1807 and $2,000,000 arc applicable
000 of principal, their authorized Issues aggregating $175 ,00 0,00 0, of which
tor Improvements and new equipment. V . 74, p. 776.
$70,012 ,000 Issued In July 1907. The company reserves the right to redeem
The bonds of the Alamagordo A Sacramento M tn. R y ., of the El Paso A
cither class of Its pref. stock at par In cash. Provisions of pref. stock were
Rock Island and those of the Dawson R y. A Coal Co. are guaranteed.
In “ Supplement” of April 1897, page 3.
N . Y . office, 90 John S t.— (V . 81, p. 508.)
In March 1898 Erie 1st pref. stock was Increased from $30,000,000 to
E L PA SO U N I O N P A S S E N O E R D E P O T — Owns depot at El Paso, T e x .,
$43,000 ,000 , and com. stock from $100,000,000 to $113,000,000, to acauire
which was completed about N ov. 1 1905. Leased by El Paso Northeastern,
New York Susq. A Western stock. See V . 66, p. 335, 573. The 1st pref
El Paso Southwestern, Galveston Harrisburg & San Antonio (So. Pac. S y s .), stock was further Increased In 1901 $5,000,000 In connection with the pur
A tch . Top. & Santa Fe, Tex. & Pac. and M ex. Cent, railroads on a wheelage chase of the Pennsylvania Coal Co. V . 72, p. 136, 532.
basis providing for maintenance and all charges. Stock, $240,000, owned
In 1005 authorized com. stock was increased to $133,000,000 to provide
equally by the six roads named. Of the bonds (see table above), $12,000 Is for $10,000 ,000 (first Issue) of convertible debentures. V . 80, p. 1362.
to be drawn yearly Jan. 1 by lot, beginning 1916, and paid off at par,
D IV I D ’ S (cash) % —
1 1901. 1902. 1003. 1904. 1905. 1906. 1907.
V . 78, p. 104; V. 81, p. 1043. Pres.. J. E. Hurley; Sec., VV. R . M artin.
On first preferred............... )
1M
3
Z\i
4
4
4
A p r .,2
Treas., U . S. Stew art.— (V . 81, p . 1043; V . 82, p. 1406.)
On second preferred_____ J . .
._
..
__
2
4
A p r .,2
E L G I N J O L I E T & E A S T E R N R Y . — Owns from W aukegan, 111., on Lake
The Public Service Commission of New York denied the application to pay
Michigan, via Spaulding and Joliet, to Porter, Ind ., 130 miles, and branches from the earnings of the fiscal year 1906-07 a dividend of 2 % on the 1st
Normantown to Aurora, 10 miles— Walker to Coster, 111.— 33 miles; H am
pref. stock in scrip, payable O ct. 1 1917, and of 4 % In scrip on 2d pref. stock.
mond to W hiting, In d ., A c ., 19 miles; Roscdale Jet. to Rosedalc, 7 mllesV . 85, p. 530, 1338; V . 86, p. 602.
total main line owned, 199 miles; spurs to coal mines, A c ., 30 miles; track
B O N D S .— The new first consolidated mtge. Is for $175,000,000 (Farmers’
age, Chic. A W est. In d ., 4.8 m .; Belt R y. of Chicago, 2.05 m .; 2d track,
27.14 m .; sidetracks and yards owned, 117 m .; total track operated, 380 Loan A Trust C o., trustee)— see abstract of deed V . 62, p. 89, and secures
$35,000 ,000 prior lien and $140,000,000 general lien bonds. Both series
miles. Owned b y Federal Steel Co. and so by U . S. Steel Corporation.
have voting power; see “ Stock” above.
ST O C K , A c.— Stock, $6,000,000; par, $100.
D Iv., 4 % yearly (In Dec.)
Of the $140,000,000 general lien bonds, $92,073,000 are reserved for the
In 1809 to 1907 Inclusive.
ultimate acquisition of bonds and guaranteed stocks left undisturbed on
R E P O R T .— For years ending June 30:
various parts of the system (see list V . 62, p. 89 ), and $17,000,000 were
Year—
Gross.
Net. Other income. Interest.
Surplus. reserved for new construction, betterments, additions, A c ., after 1897
not over $1,000,000 to be used In any one year.
$842,701
$10,774
$425,000
$434,565
1006 -07................. $2,715,916
The position of the first consolidated mortgage Is substantially as follow s:
1905 -06................. 2,634.771
971,013
21,808
425,000
568,511
It Is a first lien (mortgage or collateral, the prior lien bonds, however, pre
Pres., A . F. Banks.— (V . 74, p. 151, 205; V . 75, p. 1309.)
E L M I R A & L A K E O N T A R I O R R . — Owns from Canandaigua, N . Y . , to ceding the general lien bonds) upon the Co’s chief coal properties (except
Penn. Coal Co.) upon its water transportation lines (Including valuable ter
Chemung Jet., 64 m .; Sodus Point to Stanley, 34 m .; other, 2— total, 100 m
minal properties appurtenant thereto), and upon a number of profitable
A consolidation in Dec. 1886 of the Sodus Bay A Southern and other rail
roads. Leased at cost of operating to the Nor. Cent., which owns all the local lines In New Jersey and near Buffalo: It Is a second lien upon certain
minor coal properties and upon ther allroads leading to all the coal proper
$1,500,000 stock. Lease m ay be terminated on 30 days’ notice.
ties, upon the terminals at Jersey City, upon the Buffalo N . Y . A Erie R R .
Cal. Year—
Gross.
Net. Other Inc. Int.,Ac.
Balance.
(the main line to Buffalo), and the Buffalo terminal properties other than
$61,018
----------*$130,660 dcf.$68,742
1907 ............... ..............$1,248,540
those upon which It Is a first lien, and upon the entire line from Salamanca
1906 . _ ............... ......... 1,113,101
06,852 $6,012 SUr.61,632
41,232
to Chicago; It Is a second consolidated mortgage upon the lines between PI
* Includes an amount for Improvements In 1907.
mont and Dunkirk (447 miles.)
RAILWAY STOCKS AND BONDS.
52
IN T E R E S T OR D I V I D E N D S
R A IL R O A D S
F or explanation of column headings, & c., see notes
on first page of tables.
M iles Dafe
of
Road Bonds
Erie Railroad— (Concluded) —
1901
Penn coll trust M $36,000 ,000 g s f (text) ..A le .c & r
1903
First conv mtge $50,000 ,000 gold Series A — S.c*& r
1905
O
do
do
do
Series B ....................
1908
Notes $15,0 0 0 ,0 0 0 secured by collateral red_______
1907
Erie & Jersey notes secured by E & J bonds.............
’88-90
N Y Pa & Ohio equip trusts sink fund drawn at 100
Other equipment trusts (see text)
Avon Geneseo & M t Morris and Rochester & Genes ee Val ley Sto
40 1879
Evansville & Indiana— T H & Southeast 1st M - .F .c *
55 1884
Evansville & Indianapolis 1st M gold g u a r . . . . F.c*
135 1886
Cons M ($2,500,000) g gu p & 1 (end) E & T H .F .c *
Evansville & Terre Haute— Common stock------------------^ P referred stock non-cumulatlve (see tex t)...........-T a
115 1880
Consolidated mortgage (first lien) g o ld ..................... 144 1881
First consolidated mortgage gold_______________F.c*
25 1883
' Mount Vernon Branch mortgage gold.......... — F.c*
1890
' Sullivan Co Coal Branch mortgage gold________ F.c*
199 1892
First general mortgage for $7,000,000 gold____ F.c*
1905
Equip bonds Series B due $20,000 s-a (V 82 p 627) .B
1006
pi
do
Series C due $60,000 s-a_______________Ba
92
Fall Brook— Stock ($500,000 Is 7 % preferred)..
F'tchburg— Preferred 5 % r e n t a l.............................
1888
Bonds not mortgage, to be paid May 1 1908____ c*
1887
Bonds to State of Alass 4 % since Feb 1 8 9 7 -- ...........r
1890
Bonds not mortgage— -----------------------------------------c in
1894
c*
Bonds not m ortgage------------------------’95-96
Bonds not mortgage ($1,359,000 due 1915)---------c*
’97-98
Bonds not mortgage ($2,750,000 arc 4s of ’97) - -c& r
’00-01
Bonds not mortgage ($1,775,000 are 3 )4s o f ’01)c&r
1907
Bonds not mortgage $2,000,000 authorized— c*in1905
Bonds not mortgage $3,660,000 currency-----------c&r
1908
Bonds, not mortgage $2,400,000 ____________________
35 1874
Troy & Boston first mortgage (V 53 p 4 05)-------c&r
1891
Brookline & Pepperell plain bonds guar (end)------ c
1903
Vermont & Massachusetts plain bonds guar-------c&r
Size, or
Amount
Par
Value Outstanding
Rate
%
4 g
4 g
4 g
6
...
$1000& c: $34,000,000
1,000 &C 10,000,000
1,000 &c 12,000,000
10,500,000
3,000,000
352,060
£100
—
cks— See those Comp antes
7
251 ,000
1,000
647,000
6 g
1,000
1,602,000
6 g
1,000
3,987,383 Yearly
50
5
In
1907
1,283,333
50
30,000
6 g
1,000
o g
3,000,000
1,000
375,000
6 g
1.000
450,000
5 g
1,000
5 g
3,145,000
1,000
4J4 g
280,000
1,000
960,000
4)4 g
1,000
5,000,000 See tex
50
5
100 17,360,000
5
2,000,000
1,000
4
5,000,000
1 ,000
4
500,000
1,000 &c
500,000
4)5
1,000
4
1 ,859,000
1 ,000
4
4,200,000
1,000 &c
2,275,000
3)5
l ,000 &c
4
2,000,000
1 ,000 &c
4
3,660,000
1 ,000 &C
2 ,400,000
4)4
7
573,000
1,000 &c
5
100,000
1 ,000
772,000
3)4
1,000 &c
The collateral trust 4s of 1901 are secured b y 5 1 % of the entire N . Y .
Susq. & Western stock ($26,000,000 total Issue), all of the Pennsylvania
Coal Co. stock, and the stock of the Eric & W yom ing Valley R R ., Scranton,
Pa
to Lackawaxen, 65 miles, and Delaware Valley & Kingston R R . A
sink fund of 10c. per ton of coal sold purchases bonds at not exceeding 105,
otherwise to be applied to the drawing of bonds by lot, all such bonds to be
kept alive and the accruing Int. thereon to be added to the sinking fund,
which It Is estimated, will be sufficient to retire the whole Issue at or before
maturity
V . 71, p. 1219, 1311; V . 72, p. 44, and circular, p. 136, 5 3 2 ,2 5 7 .
V . 79. p. 212. In 1901-07 $1,935,000 Included above as outstanding was
purchased by sinking fund.
The conv. 4s of 1903 ($50,000,000 authorized Issue) will be Issued from
time to time as required and m ay be made convertible Into com. stock at a
price to be fixed when the bonds are Issued, but not less than $41 % per
share- they will cover all the com pany’s property subject to underlying liens.
The first $10,000,000 (series A) Issued for Improvements and equipment is
convertible on basis of $100 bonds for $200 stock to April 1 1915.
.Series B bonds for $12,000,000 (see "Finances” below) are convert. Into
com stock at $60 per share at any time since Oct. 1 1907 and before Oct. 1
1917.
V . 76 p. 382, 541; V . 78. p. 768; V . 79, p. 2205; V . 84, p. 270.
The Erie & Jersey R R ., with $600,000 authorized stock, will build a
low-grade cut-oir from Highland Falls, via Campbell H all, to Guymard ,
N . Y .- about 40 miles.
In June 1907 $3,000,000 3-year Erie & Jersey 6 %
notes were sold, secured by $4,000,000 E . & J . bonds (authorized Issue $ 10,
000,000 1st 50-year 4s). V . 80, p. 2621; V . 84, p. 693, 1366.
In June 1907 the Genesee River R R . was authorized to make $6,000,000
m tge. covering road under construction from Hunts to Cuba, N . Y . , 3() m .
A loan of $2,000,000 was obtained secured, by Its bonds. V . 84, p. 1366,
1 18R ca ^ esta t'c n itges. o u ts ta n d in g Dec. 31 1907, $647,350.
In April 1908 $15,000 ,000 3-year 6 % notes were authorized, of which
$5 500 000 provided for notes maturing April 8 1908 and $5,000,000 were
underwritten at par, the remaining $4,500,000 being reserved for future
purposes
There will be.pledged under the new notes securities having a
p a r value of $ 1 2 ,836,000 and additional securities approved by a committee
Including $9 457,000 gen. lien, $336,000 Penn. coll, trust bonds and
« orx non convert 4s. ser. B ., which m ay be sold at not less than 80 and the
notes proportionately reduced. V . 86, p. 856, 917.
Car Trust Series, Gold (Denomination $1,000 each.)
Outstanding.
Mature in Installments.
Date. Interest.
,800,000
Var. to 1910
$600,000 yry
• a ” t» " C ” 9 9 -’ 01 4 to 5 Var. $1,800,000
October
1908
'
•’•£)” ............. 1901 4 )4 A & O
”130,000
n nAft
Apr. 1909
Last Install.
250.000
“ E”
_____ ‘ 1902 4 )4 A & O
Feb. 0 9 -Feb. ’ 10 135,000 yrly
275.000
•F” ............ 1902 4 H F & A
June
’
08-D
ec.’
09
160,000
s .-a .
640.000
....................
J&D
" G ” • _______ 1904 4
1.500.000 J u n e ’ 08-June’ 15 100,000 s .-a .
M &N
“ H ” _______ 1905 4
J
u
n
e
’
08-D
ec.’
16
350,000
s.-a.
5.950.000
J&
D
_________
1905
4
“ I”
N ov. ’ 08 -N o v .’ 16 47,000 s .-a .
809.000
M&M
_______1906 4
“ J”
551,000 July ’ 08-July ’ 17 semi-annually.
A&O
" K ” 1 ________ 1907 5
1,615,990
Part monthly
_________
■
.
o 5 Var.
. , ___ .___
►aan nnn Oct N
W JVt
A&O
2,880,000
’ 07-O
ct M
r17 152,000 s. a.
“ N” ...1 ...1 9 0 7 5
* Scries “ G” Is subject to call at par beginning Dec. 1907.
Interest paid; ‘ A ” to " G ” and " J ” In New York; series “ II” at Girard
Trust Co
Philadelphia; series " I ” at Penn. Co. for Insur. on Lives, & c.,
Phlla •series “ N ” at First N at. Bank, N . Y .
In A ug. 1907 application was
made to Issue about $8,000,000 car trusts, of which part Issued.
Old Bonds.— Under the 1st consol. M. of ’ 95 the co. covenants to pay the
lnt regularly on all the old bonds In the table that are marked with an *o
a b (except N . J. & N . Y . bonds), and to take them up and pledge them
with the trustee at maturity.
Long Dock 6s, see March 1894 “ Supplement,” under N . Y . L. E . & W .
F IN A N C E S .— Dlvs. out of earns, of fiscal year 1906-07 which were de
clared payable In scrip were not allowed to be paid. V . 85, p. 530; V . 86,
P In°1905 and 1906 $12,000,000 4 % " B ” convertible bonds were sold to
nrovlde for Improvements. V . 81, p. 1100, 1610: V . 84, p. 158, 270.
15ARNINGS°— 8 m os., 1 19 0 7 - 0 8 A -G r o s s , $34,411 ,225 ; net. $5,773,652
July l to Feb. 29.
J1906 - 0 7 . . . Gross, 3 4 ,901,850; net,
9,638.468
For 6 mos. ending Dec. 31 1907, net, $5,368,474; surplus after adding
other Income and deducting charges was $454,972.
V . 86, p. 480.
A N N U A L R E P O R T .— Fiscal year ends June 30. Report for 1906-07
jriven at length in V . 85, p. 856, 924.
given a* lengui
1906-07.
1905-06.
1904-05.
1903-04.
Mile*! onerated
____
2,168
2,151
2 , lo t
2,151
Gross earnings------$53,914 827 $50,002,634 $45,724,738 $45,201,163
Working^ e x p e n s e 's :::I . 38,167,039 35,872,837
33,142,208 32,581,838
Net earnings
$15,747,788 $14,129,797 $12,582,530 $12,619,325
Net coaf com panles:I I 1
’
J $1,595,140 $2,190,439 $1,993,911
Other Income_________ 1 $2,202,6251
582,702
488,048
412,807
Total net Income____ $17,950,413 $16,307 ,639 $15,261,017
$8,891,077
$8,593,688
$9,246,948
Interest A . . - ....................... $9,572,628
1,153,623
1,053,969
R e n ta ls _________________
1,147,502
1,094,575
176,893
189,204
P . c. due leased l i n e s ...
169,330
172,827
264,249
284,701
Int. on equip, trusts____
602,922
397,562
352,339
368,580
M iscellaneous___________
554,373
379,083
1,360,555
1,540,320
A d d ’ns & lmprovem’ ts .
1,642,029 1 ,926,975
r
D lvs. on 1st preferred.*(4) 1,915,696 (4)1,915,696 (4) J .D4^
(4)1,915,696
D lvs. on 2d p re fe rred --*(4)640,000
(4)640,000
(4)640,000
--------------Balance, surplus.......... $1,705,933
$533,975
$490,344
$1,096 036
Mote.— Of the dividends declared payable out of the earnings of 1906-07,
only 2 % was paid on 1st pret., calling for $957 ,84 8, the remaining 2 % on
1st pref. anti the 4 % on 2d pref., which were declared payable in scrip,
not being paid. See above.
, „
„ „ ,
O F F IC E R S .— -Pres., F. D. Underwood; 1st Vlce-Pres., and Gen. Solicitor,
C, F Brownell; 2d Vlce-Pres., G. A . Richardson; 3d Vlcc-Prcs., H . B .
Chamberlain: 4th Vlce-Pres., J. M. Graham; Sec., David Bosnian; Treas..
D . W . BIgoney; Comptroller, M. P. Blauvelt. 50 Church S t ., N . Y .
V O L . LX2LXV1.
When
Payable
Where Payable, and by
Whom
Bonds— Princi j
pal, When D ue,
Stocks— Last
Dividend
A 50 Church St New York [Feb
Apr
do
do
O
Apr
do
do
O
Apr
o
1910
1908
Various London
F
A
A
A
5 g
&
&
&
&
& S Bankers’ Trust Co N Y
do
do
& J
& J
do
do
4 In 1907 Checks mailed
A & o Checks mailed
& J Bankers’ Trust Co N Y
J
&
J
do
do
.r
do
A & o
do
do
do
A & o
do
do
A & o
F & A Blair & Co New York
do
do
F & A
t Q— F 5 Office, Corning N Y
Q— J Office, Boston & Me Bost
M & N Office Boston
do
F & A
& D
do
J
do
M & N
Various
do
Various
do
do
A & O
do
A & o
do
M & N
do
M & N
do
& J
J
do
& I)
J
do
M & N
M
J
J
1
1
1
8
1951
1953
1953
1911
and 1910
Sept 1 1909
July 1 1924
Jan 1 1926
Nov 1 1907 4 %
Apr 15 1908 2 )4
July 1 1910
July 1 1921
A p r 1 1923
Apr 1 1930
Apr 1 1942
Aug '08-F eb ’ 15
A u g ’08-Feb ’ 16
May 5 1908
Apr 1 ’08 1 'A %
May 1 1908
Feb 1 1937
June 1 1920
May 1 1914
915 and 1916
1927—1928
let 1 1920-21
Apr 1 1927
May 1 1925
May 1 1928
July 1 1924
Dec 1 1911
TMay 1 1923
D IR E C T O R S .— Chas. Steele, J. J. Goodwin, John G. McCullough,
Ogden Mills. Alexander E . Orr, F . D . Underwood, G. A . Richardson, Fran
cis Lynde Stetson, Geo. F. Baker, J. N . H ill, Norman B . Ream , H . M cK Tw om bly, E . H . Harrlman, W illiam C. Lane, Louis L. Stanton, W m . P.
H am ilton.— (V. 86, p. 228, 480, 546, 602, 856, 917.)
E VA N SVI LLE & INDIANAPOLIS R R .— Owns Evansville to Terre
H aute, Ind., (via Worthington) 134 in.; leases branch, 12 m . A consolida
tion In 1885. Of the consols $898,000 held to meet prior liens. The con
sols and the bonds of 1924 are guaranteed by Evans. & Terre H aute, which
owns capital stock, $2,000,000. Company owns no equipment.
In 1905-06, gross, $386,741; net, $103,061; Interest, taxes, & c., $ 1 75 ,86 1;
b a l., deficit for year, $72,800 .— (V . 75, p. 980.)
EVANSV ILL E & TERRE HAUTE R R . — (See M a p s Rock Island Co.) —
Road owned and operated. M iles. \ Controlled and operated. M iles.
Evansville to Terre H aute________ 109 |Evansville & Indianapolis, E vBranches to Mt. Vernon, & c______50 j ansvllle to Terre Haute via
Evansville Belt (stock held)____
5| W orthington, &c-----------------------146
Total in earnings___________________________________________________________ 310
Leased to other companies Rockville extension------------------------------------------- 23
The Chicago & Eastern Illinois owns $3,161,450 of the $ 3 ,087,383 com
mon stock; par, $50. V . 81, p. 1242.
D IV S.
’ 94. ’ 95. ’ 96. ’ 97. ’ 98. ’ 99. ’ 00. ’ 01. ’ 02-’ 05. ’ 06. ’ 07. 1908.
Com - . - %
..
. . . . . .
.
2
3
1)4 N one.
4
4
.............
P r e f ___ % 1 . .
..
2
0
4
5
5
5 5 y ’ly .
5
5 Apr. ,2)4
____
a Also 5 % In bonds, b Also scrip dividend.
On preferred, 5 % declared In 1907 paid 2 ) 4 % O ct. 1907 and 2 ) 4 %
April 15 1908.
B O N D S , G U A R A N T IE S , &c.— Certain Evansville & Indianapolis bonds
are guaranteed. See that company. General mort. 5s for $3,855,000 are
held in trust to retire the prior bonds and car trusts at m aturity.
Equip
ment notes June 30 1907, In addition to those In table above, $68,851.
E A R N IN G S .— 8 m os., U 9 0 7 -0 8 .......... Gross, $ 1 ,540,470; net, $ 497 ,10 5
July 1 to Feb. 29.
J1906-07_____ Gross,
1,550,923; net,
590,521
A N N U A L R E F O R T .— Report for 1906-07 was given In V . 85. p. 1000.)
Results of Evansville & Indianapolis are Included.
1904.
Year ending June 30—
1907.
1906.
1905
$ 2 ,089,336
Gross
earnings__________ $2,267,215
$2,163,681 $2,050,147
$851,274
Net earnings______________$1,123,606
$1,052,263 $1,011,5.>6
36,228
Other Income___________
25,514
24,612
28,244
Total net Income_____ $1,149,120
Interest and rentals____
$580,622
Taxes ..................................
103,278
Dividends on pref. (5 % )
64,167
Dividends on com. (4 % )
159,405
Im provem ents_________
__________
$ l,0 7 6 ,8 7 o
$550,281
92,284
04,167
159,495
42,921
$1,039,800
$514,160
90,929
64,167
$887,502
$509,281
9 9 ,6 3 9
64,167
'""7 0 ",286
$241,559
witinrrt1,26<v a?*
Balance, surplus..........
O F F IC E R S .— Pres., H . I. Miller: Treas., 0 . W . Hillard.— (V . 82, p. 627;
V . 83, p. 562, 625, 888, 1228; V . 85, p. 599, 921, 1000 )
F A L L BROOK R A I L W A Y . — (See M a n N . Y . Central
Owns
Corning, N . Y ., to Antrim . P a ., 52 miles: branch t0. 0*Y®,S®®• La ,v-4tnm !es',
L E A S E .— The railroad and Its rolling stock was leased to N . Y . Central
& H. It. R R . for 999 years from May 1 1899
« y;,P afla^Ie
Quarterly In gold, beginning Aug. 1 1809; also tft*cs
v ’
,e Si®??8
of the Syracuse Geneva & Corning R y . and Pine
'
being canceled and new leases made to N . Y . C eilL ai, which also assumed the
guaranty of the $3,500,000 Pine Creek bonds, J*1®.,1®^!® d°®f.
the coal properties of Fall Brook Coal Co. P rior to the J e a s e , ilatJ
been paid quarterly since 1891 at the rate of 7 %
and 6 % on common: since the lease 7 % on prefcricd and 2)4 /0 on com
m on.— (V. 68, p. 379, 573, 773, 872.)
F I T C H B U R G R R . — System extends from Boston Maas., to Troy and
Rotterdam , N . Y ., 251 miles: branches to W orcester, Bellows I alls & c .,
207 m .; 458 m . In all, of which 59 m . (Fitchburg to Greenfield) leased from
Vermont & Mass, and 5 m . from other cos.; second track 183 m. In Feb.
1908 purchase of Conway (Mass.) Street R y. was completed. V . 84, p .1366 .
L E A S E .— Leased for 99 years from July 1 1900 to Boston & Maine for 5 %
on pref. and 1 % on com. stock, payable quarterly (Jan. 1, & c .), organiza
tion expenses, Interest on bonds, taxes, expenses of maintenance, &c. The
Boston & Maine holds $5,454,550 of the $7,000,000 com. stock, purchased
with proceeds of Its 3 % bonds at 90, the remainder being In the treasury.
V . 70, p. 76, 125, 176, 583, 1291; V . 71, p. 29, 543; V . 72, p. 532.
B O N D S .— Debentures described In V . 60, p. 967.
*.84,
*08, 270.
In March 1908 $2,400,000 bonds were sold to refund the $2,000,000 bonds
due May 1 1908 and double-track road between lro y and Johnsonvllle,
N. Y . , and for other Improvements. V . 86, p. 668 794.
In 1908 $ 500 ,00 0
one-year 6 % bonds maturing Jan. 15 1909 were sold.
V. 86, p. 2 2 8 .— (V .
86, p. 228, 6 6 8 ,7 20,’981.)
•
F I T Z G E R A L D O C I L L A & B R O X T O N R R - — Owns Broxton to OclFa,
G a., 25 miles, with branch to Fitzgerald, 5 m .; leases Ocllla to Irwtnvllle,
10 m .; total, 40 m . Successor May 1907 to the Broxton Ilazlehurst &
Savannah.
V . 84, p. 1551. Stock, $ 3 0 0 ,0 00 , all outstanding; par, $100.
Of the bonds ($300,000 authorized). Title Guarantee & Trust Co. of A tlan ta,
trustee, $150,000 are reserved for extensions anil Improvements. V . 85, p.
468.
Pres, and Gen. Mgr., II. C. McFaddcn; Sec. and Treas., C. B
Gwyn.— (V . 85, p. 468.)
F L O R I D A C E N T R A L R R .— Owns Thomasvllle G a., south through
timber lands to Delph, F la., 50 miles; completed April 1908.
Projected
to run eventually to the Gulf of Mexico, a total of 65 miles. Controlled b y
Phillips Lumber Co. Stock, $50,000 ; par, $100.
Bonds mature $40,000
yearly; Hank of Thomasvllle, trustee. V . 85, p. 1889.
Pres., J. L. I hllilps; Vlce-Pres., J. S. Gordon; Sec. and Treas., Charles Philips, Jr.— (V . 8 5 ,
P F L O R I D A E A S T CO AS T R Y . — Operates from Jacksonville, F la ., via St.
Augustine to Knight’s K ey. 446 m .; branches to Palatlia. San Mateo & c.,
17 m .; Atlantic & Western, Blue Springs to New Sm yrna, F la ., 28 m .;T i t u s .
R A ILW A Y STOCKS AND BONDS.
A p r ., 1908.j
54
R A IL W A Y
STO CKS
AND
IN T E R E S T OR D I V I D E N D S
R A IL R O A D S
F o r explanation of column headings, A c ., see notes
on first page of tables
M iles
of
Road
30
Fitzgerald Ocilla &. Broxton— 1st M $300,000 g red 110
Flint & Pere Marnuctte— See Pere M arquetteStatemen t
Florida Central— First mtge $200,000 gold (see te x t).
Florida Central & Peninsular— See Seaboard Air Line R y
Florida W est Shore— 1st M $2,000,000 gold guar p & 1
60
Fonda Johnstown & Gloversville— Cons M $500,000_c
26
First consol refunding mtge $700,000 gold____ N.c*
26
General refund mtge $1,500,000 (V 71 p 3 4 )._ N .c *
26
Johnstown G & Klngsboro first mortgage assumed.
4
O ayadutta Elec 1st M guar p & 1 by F J & G g o ld .. N
14
First cons gen ref M $7,000,000 g red 120. . N.c*&r
75
Ft Dodge Des Moi & So— Newt A Now 1st M red 110
102
F t D D M & So 1st M $3,500,000 g red 105 (text)OB
163
R efunding mtge $6,500,000 gold red par ( t e x t ) .. AB
163
Fort Smith & W estern— 1st M $7,500,000 g o ld .. Me.c*
Fort W ayne & Jackson— Preferred stock 5 A % rental
98
Ft W orth & Denver City— Pref stock "sta m p certs” 4s
First mortgage gold $18,000 per mile_________ M e.c*
455
Date
Size, or
Amount
Par
of
Value Outstanding
Bonds
Rate
%
When
Payable
1907
$1,000
$150,000
5 g
J
A
1907
10,000
200,000
0 g
M
&
1904
1881
1897
1900
1893
1892
1902
1902
1907
1907
1904
1,000
100 &C
1,000
1,000
1,000
1,000
1,000
1 ,000
1,000
100 &c
1,000
100
100
1,000
1881
712,000
5 g
200,000
6
500,000
4A g
800,000
4 g
50,000
6
350,000
6
4,687,000
4A g
See text
5 g
2,200,000
5 g
2,800,000
5 g
6,000,000
4 g
2,291,416
5A
2,539,992 4 In 1908
8,171,000
0 g
507,000
5
340^000
5
1,000
1907
do
do Series B due s-a redeemable 101___ G
Fort W orth & Rio Grande— See St Louis & San Fran cisco
Gainesville & Gulf— See Tam pa A Jacksonville
1 ,000
74 1905
661,000
Gainesville Midland— First I f $1,000,000 g red at 110
5 g
1,000
256 ’71-80
4,756,000
Galveston Harrisb & San Antonio— 1st M g land g r.c*
6 g
671 1881
1.000 13,418,000
Western Division first mortgage gold_____________ c*
5 g
56 1900
800,000
Galv Hous & Nor first mtge (owned bv South P a c).
5 g
91 1882
£ or $
N Y Tex & Mex 1st M gold $ or £ guar by So P . F.c*
1 ,465,000
4 g
91 1882
do
do
do
not guaranteed—
£ or $
53,000
4 g
50 1883
1,000
2,000,000
5
Galveston Houston & Hcnd of 1882— First M --M e .c *
16 1899
1,000
500,000
Genesee & W yom ing RR— First M gold $500,000 — K
5 g
Georgia & Alabama— Georgia Carolina & Northern — Sec Se aboard Air Line R y
85 1906
1 ,000
590,000
Georgia Coast & Piedmont— First M g $ 1 ,000 ,000 . Mo
5 g
5 g
1907
53 1905
1,000
210,000
5 g
G eor gi a & Fla— Mlllen & South 1st M $800,000 g . . . K
1904
1,000
See text
G eor gi a Florida & Ala ba ma — First mortgage g . - M a c* Text
5 g
98 1896
1 ,000
1,650,000
Ge org ia Midland Ry— First M gold $ 1 ,650,000 lnt guar
3 g
Ge org ia Pacific — Sec Southern R y
100
307 ____
4,200,000 11 In ’07
Ge org ia Railroad & B a nk in g Co — S t o c k ....................... 1897
1,000
1.000,000
—
5
Bonds refunding not mortgage currency---------------c*
vllle branch. 48 m .; Jacksonville to M ayport, 25 m .; total, 564 m . V . 60, p.
501. System owned by Henry M . Flagler.
Extension from Miami to
K ey W est (00 miles from H avana. Cuba), about 156 m . Is under construc
tion; opened to Knight’s K ey , 110 miles, Jan. 1008, whence ferryboats
operate to H avana. V . 81, p. 211; V . 85, p. 021; V . 86, p. 52, 228.
June 30 1005, stbck, $1,0 0 0 ,0 0 0 ; $7,250,000 1st m tge. bonds issued. In
O ct. 1002 filed a 2d mtge. to Colonial Tr. Co. of New York (now Trust Co.
of America) as trustee, to secure $8,741,000 30-yr. 5 % bonds dated Jan. 1
1003, of which about $ 6 ,000,000 was reported to be Issued. V . 75, p. 006.
The $5,08 0 ,0 0 0 3-year 6 % coupon notes dated A u g. 1 1007, of which $ 3 ,
500,000 mature A ug. 1 1010 and $1,580,000 A u g. 15 1010 (denomination
$ 10 ,0 0 0 each) are guaranteed, prln. and Interest, by H . M . Flagler and
secured by pledge of $7,258,000 first m tge. bonds; U . S. Mtge. & Trust Co.
of N . Y . Is mortgage trustee. V . 85, p. 220; V . 86, p. 228.
For year 1006
07, gross earns., $ 2 ,056,283; net, $ 7 0 4 ,4 8 5 ,a g s t. $703,506 In 1005-06: other
Income, $2,006; charges, $ 0 31 .08 8.— (V . 85, p. 1270; V . 86, p. 52, 228.)
F L O R I D A W E S T S H O R E R Y . — Turkey Creek, F la ., on Seaboard Air
Line, to Sarasota on the Gulf of Mexico, 56 miles, Including 4 m . of track
age, with branches, 8 m .; total, 64 m . Stock authorized. $1,0 0 0 ,0 0 0 , of
which $500,000 outstanding, practically all owned by Seaboard Air Line;
par of shares, $100.
Under contract of 1903 the Seaboard Air Line Is a
preferred connection and guarantees the outstanding bonds; V . 80, p. 1478;
V . 77, p. 695.
Receivers were In Jan. 1908 appointed for Seaboard Air
Line, who paid the coupons In March 1908. V . 86, p. 53.
For year ending
June 30 1907, gross, $134 ,57 7; net, $29,403 ; total deductions, $54,256;
bal., def., $ 24,853 .— (V . 80, p. 1478.)
F O N D A J O H N S T O W N & O L O V E R S V I L L E R R . — Owns Fonda to
Northvllle (steam), 26.2 miles: Gloversvllle to Schenectady (electric), 32.3
m .; Gloversvllle to Fonda (electric), 9.34 m .; Amsterdam to Hagaman
(electric), 3.6 m .; belt line In Gloversvllle (electric), 3.9 m .; second track
(electric), 21.2 miles. Operates under lease branch line Broadalbln Jet.
to Broadalbln, 6.2 m . (steam); also local line Gloversvllle to Johnstown
(electric), 4 .23 m .; sidings and turnouts, 11.7 m .; total, 97.47 miles of road
(118.67 miles of track), of which 96.87 on private right of way and 21.8
miles on street and highways. Stock, $ 2 ,500,000; par, $10.
Owns entire $105,000 stock of Coal Co. of Fulton Co. and stock of Edison
Electric Light & Power Co.
(V . 7 1. p. 1167.)
V . 78. p. 29. Also a twothirds Interest In stock and bonds of Adirondack Lakes Traction C o., 4 miles.
B O N D S .— Of the consol. 4 A s of 1902 ($7,000,000 authorized), $1,850,000
Is reserved to retire prior liens. V . 76, p. 265. Guarantees $30,000 Glov
ersvllle & Broadalbln 5s and $50,000 Johnstown Gloversvllle & Klngsboro
Horse R R . 6s and $50,000 8 % stock.
L A T E S T E A R N IN G S .— J1907-08_____ Gross, $533,779; net, $273,506
8 m os.. July 1 to Feb. 29.\ 1 9 0 6 -0 7 -------- Gross, 520,119; net,
267,569
For year ending Dec. 31 1907, net, $382,980, against $370,678; other
Income (net), $19,210; charges and taxes, $363,065; bal., sur., $39,125.
R E P O R T .— For year ending June 30 1907, gross, $774,536: net, $371,954;
other Inc.. $20,397; charges, $356,818; bal., sur., $35,5 3 3 .— (V . 86, p. 420.)
F O R T D O D ( i E D ES M O I N E S & S O U T H E R N R R , — Owns or controls
road from Des Moines, la ., to Fort Dodge and extensions to Rockwell City
and N ew ton, with 7-mlle branch to Am es and local lines In Fort Dodge and
A m es, all equipped for steam service, and the main line between Des Moines
and Fort Dodge, with branch to A m es, a total of 90 miles; also with electric
power for high-speed passenger service. Of this, Newton to Rockwell City,
102 miles, Is the Newton & Northwestern R R ., which Is controlled by
ownership of securities. See V . 85, p. 98. 1209.
S T O C K .— Common stock, authorized, $ 5 ,500,000; outstanding, $ 2 ,0 0 0 ,
000; prof. 5 % non-cumulatlve, $1,200 ,0 0 0 ; all Issued.
B O N D S .— The first 5s of 1907 ($3,500,000 authorized) are outstanding
at present at $14,000 per mile and the refunding 5s, of which $3,500,000 are
reserved to take up the first 5s, at $17,000 per mile. Of the Newton &
Northwestern first 5s ($2,460,000 outstanding), about 9 3 % has been ac
quired by the F t. Dodge Des Moines & So. Mortgages cover also 3,218
acres coal lands. V . 85, p. 98.
Pres., Homer Lorlng; V .-P . and Treas., F . A . Farrar; Sec., Lawrence
II. Parkhurst.— (V. 85, p. 98, 160, 1209.)
F O R T SM IT H & W E S T E R N R R — Operates Fort Sm ith, A rk ., to Guth
rie, O. T .. 216 miles, of which Coal Creek, I. T ., to Guthrie, 196 m ., Is
owned and F t. Smith to Coal Creek, 20 m ., Is Kansas City Southern track
age, to be replaced by com pany’s own road. Coal properties are developed
at McCurtaln, I. T ., 40 m . west of Fort Sm ith, producing an average of
30,000 tons per month.
In July 1906 acquired 5 1 % of the capital stock of
the St. Louis El Reno & Western R y ., Guthrie to El Reno, O. T ., 42 miles.
The latter will be operated Independently.
Stock, $ 5 ,000,000, all outstanding; par $100.
Of the 4s of 1904 ($7,500,
000 a u th .), $5,833,000 were Issued In exchange for $5,000,000 old 5s,
$400,000 are reserved to replace the 20 miles of trackage mentioned above,
$400,000 for equipment and the balance for other purposes.
In July 1903
filed an agreement for the purchase of equipment costing $438,000_. V . 7 7 ,
p. 8 8 . For year ending June 30 1907, gross, $684 ,33 7; oper. expenses, taxes
and fixed charges, $694,001; b a l., d e f.. $ 9,664. In 1905-06, gross, $520,312.
Pres, and Treas., A . C. Dustin, Cleveland, O .— (V . 83, p. 213, 271.)
F O R T W A Y N E & J A C K S O N R R . — Owns Jackson, M ich ., to Fort W ayn e,
I n d ., 98 miles.
On Aug. 24 1882 leased perpetually to Lake Shore & Michi
gan Southern at a rental of $126 ,02 7, equal to 5 M %
the pref. stock (see
V . 56, p. 812), and after 1887 any net earnings over 8 % on pref. stock to be
paid on com ., bnt not exceeding 2 % a year. Com . stock, $436,132.
F O R T yVORTH & D E N V E R C I T Y R Y — (See M a p Col. So.)— F t. W orth ,
T e x ., to Texllnc, 454 miles. Owns securities of F t. W . & Den. Term . R y.
S T O C K , & c.— Colorado & Southern R y . owns all but $328,925 of the
$ 6 ,835,008 com. Issued and all but $172,472 of the stamped stock, and In
1905 Included road In Its financial plan. Pref. stk ."sta m p e d .” V . 63,p . 1063.
D IV I D E N D S .— On pref., 2 % ’ 98; ’ 99, 2 % ; 1902, 2 % ; April 1903, 1904,
1906. 1907 and 1908, 4 % each from surplus earns, of previous years.
B O N D S .— Finances readjusted In 1890.
Plan V . 63, p. 75.
Abstract
of mortgage, V . 45, p. 440.
Equipment trust certificates of 1906, V . 82,
p. 1101; of 1907, V . 84, p. 508.
"P u llm an ” equipment leases, Including
Interest, Oct. 31 1907, $909,962.
[V O L . L X X X V I.
BO NDS.
Where Payable, and by
Whom
Bonds— Princi
pal, When D ue.
Stocks—-Last
Dividend.
July 1 1937
J Atlanta Ga
N Bank of Thom asvllle Ga Nov 1 1910-14
J
& J See text
A & O Imp & Trad N at Bk N Y
J
& J New York Trust Co N Y
do
do
J
A
J
J
A
.1 Metropolitan Tr Co N Y
A & o Farmers L & Tr Co N Y
M & N New York Trust Co N Y
A & O Old Colony Tr Co Boston
do
do
1
J
A
.J
A & o American Trust Co Bost
A & o New Y o rk
M & s Farmers L & Tr Co N Y
See text Morton Trust Co N Y
A D Mercantile Trust Co N Y
J
J
& I)
A & o Guaranty Trust Co N Y
Jan 1 1934
Apr 1 1921
July 1 1947
July 1 1950
July 1 1913
Oct 1 1 9 2 2
Nov 1 1952
Oct 1 1932
Jan 1 1932
Apr 1 1937
Apr 1 1954
Mch 1 1908 2M
Feb 21 1908 4 %
Dec 1 1921
June 08-June 14
Oct ’08-A p r ’ 17
M
F
M
Nov
Feb
May
Jan
Apr
Apr
Apr
Apr
J
A
A
A
A
M
[
A
J
A
J
A
&
N Savannah Ga
A So Pac Co N Y ; & Boston
N So Pac Co 120 Bway N Y
do
do"
J
O So Pac Co N Y ; & Lond
do
do
O
o Mercantile Trust Co N Y
o Knickerbocker Tr Co N Y
1
1
1
1
1
1
1
1
1935
1910
1931
1930
1912
1912
1913
1929
A
&
A
A
A
& Co New York Mch 1
1947
Hanover N at Bank N Y Apr 1
J Manhattan Trust Co N Y July 1
o J P Morgan & Co N Y Apr 1
1955
1954
1946
A
A
&
A
A
&
s
Mackay
o
5—J
& J
Augusta Ga
New York or
1946
Apr 15 1908 2 H
Augusta Jan 1 1922
A N N U A L R E P O R T .— Report for 1904-05 was In V . 81, p. 1372.
Earn
ings now Included In those of the Col. & So. system.
Years end. June 30—
1905.
1904.
1903.
1902.
Gross earnings..................$ 2,526,496 $2,496,617
$2,494,587
$2,262,123
N et over taxes..................
502,600
677,331
464,986
561,373
Other In com e----------------14,359
11,248
17,534
_______
Pres., Frank Trum bull, Denver, Col.— (V . 82, p. 1156; V . 84, p. 508.)
G A IN E S V IL L E M ID L A N D R Y .— Owns Gainesville, G a ., to Athens, 42
miles, standard gauge, and Belmont to Monroe, 32 miles, narrow gauge.
Successor to a portion of the Gainesville Jefferson & Southern R y ., fore
closed July 5 1904. V . 79, p. 151, 269, 500, 627. Stock, all outstanding,
$550 ,00 0. Of the 1st 5s of 1905 ($1,000,000 authorized), $14,000 is re
served to retire old 6s and $299,000 for extensions. V . 81, p. 1848. The
Savannah Trust Co. Is mortgage trustee. V . 81, p. 1375, 1550.
Year
ending June 30 1907, gross, $125,438; op. d ef., $ 6,938; lnt. on bonds,
$27,441. Pres., Geo. J. Baldwin; Sec., F . J. Crohan.— (V . 81, p. 1848.)
GALVESTO N H A R R ISB U R G & SAN ANTONIO R Y .— (See M a p South.
P acific.)— Owns Galveston, via Houston, T e x ., to cast bank of R io Grande
River, 833 miles; Beevllle to Rosenberg, 147 miles; San Antonio to Port
Lavaca, 136 miles; Magers to W est Shore, Galveston B ay, 46 miles; Port
Lavaca, Stockdale to Cuero, 46 miles, completed July 1906; branches, 178
miles: trackage, 3 m .; total, 1,343 miles. Southern Pacific Co. owns $ 2 7 ,
056,600 of the $27,084,372 stock (par, $100). A consolidation In 1905 with
the New York Texas & Mexican, Gulf Western Texas & Pacific, San A n
tonio & Gulf, Galveston Houston & Northern and Gonzales Branch R R .
V . 79, p. 2642; V . 80, p. 1424; V . 81, p. 211, 668, 1242; V . 83, p. 1528.
Stock Is to be Increased and new mortgage made; not arranged In Dec. 1907.
B O N D S .— First mtge. has a sinking fund of 1 % , but It Is optional with
holders to surrender their bonds If drawn. W estern D iv. 2ds ($6,354,000)
by agreement are treated as Income bonds; V . 58, p. 719; V . 84, p. 803.
Equipment bonds, $1,558,000 6s, owned by So. Pac. V . 76, p. 1300;
V . 77, p. 2160. Southern Pacific Co. and sinking funds of proprietary
companies also own $842,000 Matagorda D iv. 1st M. 6s of the old N . Y .
T ex. & Mex. R y ., $2,224,000 Gulf W est Tex. & Pac. 1st mtge. 5s, $800,000
Galv. H oust. & Nor. 1st mtge. 5s and $1,110,000 out of a total of $6,354,000
W est. D iv. M. & P. E x t. 2d mtge. 6s; $1,000,000 G. H . & S. A . East. D iv.
2d 6s (extended), due June 1 1935, are also owned by So. Pac. or sinking
funds of proprietary cos.
E A R N IN G S .— For 7 mos. ending Jan. 31 1908, gross, $ 6 ,700,092; net
over taxes, $996,615.
Year 1906-07, Including G alv. H ar. & S. A . , Galv. H oust. & N o r., Gulf
W e s t. Tex. & Pac; and N . Y . Tex. & M ex., gross, $11,742 ,470 ; net, lncl.
other Income, $2,544,491; charges, $ 1 ,994,261; b al., sur., $55 0 ,2 3 1 .— ^ .
81, p. 668, 1242; V . 84. p. 803.)
G ALVESTO N HOUSTON & HEN DER SO N R R. OF 1882 — Owns from
Galveston. T e x ., to Houston, T e x ., 50 miles.
O R G A N IZ A T IO N .— The M . K . & T . and International & Great Northern
have had trackage rights since Dec. 1895 under a contract providing for pay
ment to mtge. trustee of $100,000 yearly to meet Interest on G. H . « H .
bonds and an additional rental of $24,000 per annum for dividends or other
purposes— see V . 61, p . 1064; V . 63, p. 697. M. K . & T . owns 4,999 shares
of G. H . & H . stock— see V . 61, p. 1013.
Stock, $1,000,000; par, $100.
Dividends paM In May 1904 to 1906, 4 %
yearly.
For year ending Dec. 31 1906, gross, Including $124,000 for
trackage as above, $442,460; net, $182,786; other Income, $2,615; Interest,
$100 ,00 0; dlvs., 4 % , $40,000 ; real estate and Improvements, $ 9,549;
b a l.. sur., $35,852 .- (V . 65. p. 1114.)
GALVESTO N T E R M IN A L R Y .— V . 86, p. 981.
GENESEE & W Y O M IN G R R .— Rctsof, N . Y . , to Pittsburgh & Lehigh
J et., 11 miles; Retsof Jet. to Grelgvllle, 4 m .; branch, 2 m .; total, 16 miles.
Stock, $500,000; par of shares, $100. Dividends from Oct. 1899 to 1902
lncl., 5 % yearly, 1903, 8 % ; 1904, 8 % ; 1905 to Oct. 1907, 4 % yearly (A . A
O .).
Year 1906-07\ gross, $129,022; net, $45,273; charges, $27,560; dlvs.
( 4 % ) , $20,000; bal., def., $2,287. Pres., E . L. Fuller, .Scranton, P a .; Treas.,
Mortimer B. Fuller: Sec., H . D. Fuller, 2 Rector St. N .Y . — (V .7 6 , p .1248.)
GEO RG IA COAST & PIEDM O N T R R .— Extends from Darien to Collins,
G a ., 85 miles; completed In July 1906.
Extension Darien to Brunswick,
G a ., 15 m ., was proposed in Aug. 1907. Stock au th ., $15,000 per m . The
consolidated 40-year 5s (limited to $3,500,000) are Issuable at $10,000 per
mile and $2,000 per mile additional for equipment when the property has
earned 5 0 % In excess of Interest charges; $200,000 m ay be used to acquire
terminals, sufficient of the Issue being also reserved to retire the 1st 5s.
V . 82, p. 804. In Oct. 1007 the company was authorized to Issue $2,570,000
consols for various purposes, Including $ 1 ,000,000 to retire the first 5s.
V . 85, p. 1143.
Year ending June 30 1907, gross, $89,262 ; net, $31,003.
Pres., Donald M ackay.— (V . 82, p. 804; V . 85, p. 1143.)
GEO RG IA FL O R ID A & A L A B A M A R Y .— Owns Cuthbert, G a ., to Talla
hassee, F la., 107 m .; Tallahassee to Carrabelle, on the Gulf of Mexico, 51
m .; branch, Havana, Fla., to Quincy, 12 m .; total, 170 miles. Also oper
ates steamer line from Carrabelle to Appalachlcola, Fla. Stock, $350 ,00 0;
par, $100. Bonds reported as outstanding Jan. 1907, $1,100,000 on 107
miles from Cuthbert to Tallahassee, $ 5 10 ,0 0 0 on 51 miles Tailaliassce to
Carrabelle and terminals, and $122,000 on 12 miles Havana to Quincy.
V . 79, p. 2085. The stockholders on N ov. 13 1906 authorized $1,225,000
5 % non-cum. pref. stock on 168 A miles, then operated, with $8,000 per
mile for additional mileage; no new stock had been Issued to March 1008.
For year ending June 30 1907. gross, $446,366; net, $59,159 ; lnt. and
taxes, $94,444: balance, deficit, $35,285.
Pres., J. P. W illiam s; Sec. and
Treas., J. F . Dusenbury. Office, Savannah, G a.— (V . 83, p. 213.)
G EO RG IA & FLO R ID A R Y .— Projected from Augusta, G a ., to Madison,
F la ., 40 miles from the Gulf of Mexico, with branches, Including one to
Savannah, of which 230 miles completed, 100 miles connecting lines being
under construction; total to be 350 miles. A consolidation In August 1907
of the Douglas Augusta A Gulf, Mlllen A Southwestern and other roads,
acquired by a syndicate organized by MIddendorf, Williams A Co. and Inter
nal. Tr. Co. of Maryland and John L. W illiams A Sons of Richm ond, V a.
V . 82, p. 1211: V . 85, p. 345.
Had option on 4 5 % of stock of Savannah
& Statesboro R y ., 53 miles, lncl. 20 m . trackage. Capitalization to be;
A pr ., 1908. |
R A IL W A Y
STO CKS
AND
R A IL R O A D S
F or explanation of column headings, & c., see notes
on first page of tables
G eorgia R R & B a n k . C o — (Con)— B ondsnotm cu r.c* Ar
Bonds not mortgage cur $200,000 are 5s o f ’ 8 7 .c * Ar
Georgia Southern & Florida— First pref stock redeem
Second preferred $1,084,000 5 % ------------------------------First mortgage gold $4 ,0 0 0 ,0 0 0 ------------------ AlcBa.c*
First consol mortgage $10,000,000 gold-------N .c ’ Ar
Equipment trusts Ser A and B $38,000 due seml-ann
G e tt y s b u rg & H arr is bur g— South Mt first m ortgag e..
Gettysburg & Harrisburg first mortgage old Issu e..
Consolidated mortgage $565,000 gold (see text) - .
Gila Valley Globe & Northern— 1st M gold ( t c x t )-.M p
Glenvillc & K a n a w h a — First mtge $600,000 g o l d . . IB
Go shen & D e c k c r t o w n — 1st A 2d M ($60,000 are 2ds)
Go uvc rne ur & O s w e g a t c h i c — 1st M gold gu p & l . U n . c
G ran d Ra pi d s Bcl di ng & S a g in a w — 1st M (text) gold
Grand R ap id s & Indiana R y — Stock $ 6 ,0 0 0 ,0 0 0 --------First M mostly land grant gold extended In 1 8 9 9 .c*
First M extended gold guaranteed by Pehn R R ..C *
Second mortgage $5,000,000 gold_________________ c*
Grand Trun k Pa c — First M £ guar Can Gov (text) .c A r
Prairie Section M (Ser A) £2,100,0001guar p and 1
Mountain Sec M (Ser B) £ 2 ,050,000) by Grand
Lake Superior DIv 1st M $ 1 ,5 5 0 ,0 0 0 J
Trunk
Debenture stock $25,000,000 red at 105 after 1936
Grand Trun k R y— Consolidated stock £23,3 1 8 ,3 0 9 ___
4 % guaranteed stock non-cumulatlve £ 1 0,000 ,000First preference 5 % stock £ 3 ,420,000_______________
Second preference stock £ 2 ,530,000_________________
Third preference 4 % stock £ 7 ,168,055_____________ 1
Debenture stock £4,27 0 ,5 7 5 -------------------------------------- j
Consolidated debenture stock (collateral trust) cum )
Second equip mtge (subject to first m tg In trust) ,c J
Great Western perpetual debenture stock__________ e
Northern R y third preference A & B bonds_____ c\
Debenture stock 4 % perpetual £425 ,85 0_______ /
Midland of Canada 1st M sectional £525 ,00 0____ cl
Consolidated llrst mortgage £3 ,1 6 4 ,7 0 0 ________ c j
New England Elev 1st M g gu due $10,000 y e a r ly ..
Montreal Warehousing 1st M $1,000,000 gold guar
M iles
of
Road
Date
of
Ronds
__ 1880
— ’82-87
__
__ __
Text
285
302
35
125
30
12
13
28
1895
1902
’02-06
1877
1882
1891
1894
1907
88-89
1892
1899
335
387
1,700
1,200
500
220
1891
1891
1896
1905
1905
1905,
1905
—
—
__
— —
__
__
__
1882
1884
73-74
73-74
) ....
3,512 11874
i-1874
J1869
8 36%
Var
4 90% J1868
11884
455 J1878
1882
1901
1906
__
...
Size, or j®
Par
Amount
Value Outstanding
$1,000 $1,000,000
1,000
500,000
100
684,000
100
1,084,000
1,000
3,801,000
1,000
2.000,000
1,000
333,000
1,000
100,000
1,000
250,000
1,000
215,000
1,000
1,506,000
1,000
See text
500 Ac
246,500
1,000
300,000
1,000
260,000
100
5,791,700
1,000
920,000
1,000
4,455,000
1,000
4,500,000
£100 Ac £3,200,000
£100 Ac £2,100,000
£100 Ac £1,35 4 ,0 0 0
£100 Ac £1,550,000
£2,000,000
£100 £22,475,985
£100 £ 8 ,3 9 2 ,2 0 0
£100 £ 3 ,4 2 0 ,0 0 0
£100 £ 2 ,5 3 0 ,0 0 0
£100 £ 7 ,1 6 8 ,0 5 5
£100 £ 4 ,2 7 0 ,3 7 5
£100 £15,234 ,272
£100
£ 3 7 3 ,0 0 0
£100 £ 2 ,7 2 3 ,0 8 0
£14,600
£ 347 ,99 0
£100
£ 426 ,20 0
£100 £1 ,0 1 6 ,5 0 0
1,000
340,000
$ or £
1,000,000
com. stock, $15,000, and non-cum. pref., $10,000, per mile. After 4 %
on pref., com. Is to be entitled to 4 % , then pref. to 2 % additional, then
com. to all other earnings.
Bonds to be limited to $12,000,000 at $20,000
per mile, of which $6,000,000 reported In July 1907 as underwritten. V . 85,
P. 221, 530. Pres., John Skelton Williams; Sec., C. T . Williams; Trcas.,
F . E. Noltlng; Gen. M gr., Cecil Gabbett.— (V . 85, d . 221, 345, 530.)
G E O R G I A M I D L A N D R Y . — Owns road from Columbus to McDonough,
G a., 98 miles. Leased from July 1 1896 for 99 years to the Southern Rail
w ay Co. for $49,500 annual rental (being interest on the 1st mtge. bonds,
&c.) and $2,500 for Columbus terminal property. Stock Is $1,000,000,
owned by Southern R y . Co.— (V . 63, p. 361; V . 82, p. 751.)
G E O R G I A R R . & B A N K I N G CO. — Owns from Augusta, G a., to A tlan ta ,
G a., 171 in.; branches to Washington and Athens, 58 m .; Macon A Augusta
R R . (proprietary road), Camak, G a., to Macon, G a., 74 m .; trackage, 4 m .;
total, 307 m. Owns 5 0 % stock of Western R y. of Ala. (the Central of Ga
R y. owning the other half); also a 4 7 % Interest In A tl. & W est Point.
Lease.— In 1881 roads leased for 99 years to W . M . W adley et al for the
Cent, of Ga. and the Lou. A N ash., at $600,000 per year, but In April 1890
the Loulsv. A Nash, was held to have acquired all rights under the lease;
Atlantic Coast Co. July 1899 acquired half Interest.
V . 68, p. 722; V . 69,
p. 385, 591; V . 70, p 125. Tax decisions, V . 85, p. 160, 1339. Car trusts,
$138,994.
In N ov. 1907 authority was obtained to Issue $1,000,000 deben
ture bonds to refund the 6s due Jan. 1 1.910. V . 85, p. 1339.
Dec. 31 1892 the banking department was turned over to “ Georgia
Railroad B ank,” a m ajority ($198,200) of whose stock Is owned.
D IV I D ’ D S .— 11881. 1882.
1883 to 1887.
1888. 1889 to Apr 1008.
Since 1880-------% / 9>$
10%
10 yearly
10%
11 yearly
E A R N IN G S (307 m iles).— 1 1 9 0 7 -0 8 -..G r o s s , $2,060,173; net, $326,616
July 1 to Feb. 29, 8 m onths.] 1906-07___ Gross, 2,063.983: net, 407,589
Railroad earnings for year ending June 30 1907, gross, $3,016,958; n e t,
$472,784; dlv. received, $7,777; rental to Ga. R R . A B. C o., $600,000;
Macon terminals, $24,565; other paym ents, $18,852; bal., deficit, $162,856.
— (V . 82. p. 333; V . 85. p. 160, 1330.)
G E O R G I A S O U T H E R N & F L O R I D A R Y . — (See M ap of Southern R y .)—
Owns from Macon, G a.. to Palatka, Fla., 285 miles; on N ov. 1 1902 pur
chased A tl. V . & W . R y ., Valdosta, G a., to Jacksonville, Fla., 107 miles;
trackago Into Jacksonville, 3 m .; total, 395 miles. Also owns one-eighth
of stock of Jacksonville Terminal Co. V . 77, p. 626.
H I S T O R Y .— A reorganization of the Georgia S. & F . Railroad, sold In
foreclosure April 2 1895.
(Per plan In V . 60, p. 928; sec also V . 59, p. 551.
Macon A Birmingham R y ., La Grange to Sorkee, G a., 97 m ., Is owned by
same Interests, but operated Independently. V . 78, p. 702.
In Oct. 1903
an Interest In the stock of the Hawklnsvllle & Florida Southern R y .. W orth
to Hawklnsvllle, G a., 44 m ., was purchased, $310,000 1st mtge. 5 % bonds
being guaranteed, nrln. and Int. V . 79, p. 2585.
D IV I D E N D S .— On 1st pref., ’96, 4 % : '97 to N ov. 1907, 5 % yearly. On
2d pref., In ’97, 2 % ; '08, 3 % : ’99, 3 % ; 1900 to May 1906, 4 % yearly; N ov.
1906, 2 % % : 1907, 5 % ( M .A N .). Common stock Is $2,000,000.
B O N D S .— First mtge. of 1895 (Abstract, V . 61, p. 429) provides that the
$684,000 Is# pref. stock shall be a lien second only to the bonds and coupons.
The 1st consol. 4s of 1902 are for the authorized amount of $ 1 0,000 ,000 ,
of which $4,684,000 arc Issuable to retire the $4,000,000 5s and $684,000 1st
pref. stock, and $3,316,000 arc reserved for future needs. V . 75, p. 980.
L A T E S T E A R N I N G S .-- 1 1907 -08____ Gross. $1,391 ,3 0 0 ; net, $227,031
8 m os., July 1 to Feb. 2 9 ./1 9 0 6 -0 7 ____________________ ___________ __________
A N N U A L R E P O R T .— Fiscal year ends June 30. Report for 1905-06
was In V . 83, p 1093.
In 1906-07, gross. $2,273,345; net, $393,135; other
Income, $15,580; Interest on bonds, fee., $290,4 10; dlv. on stock, $88,400;
b al., sur.. $29,875.
Pres., W . W . Finley, N . Y . — (V. 85, p. 1082.)
G E T T Y S B U R G & H A R R I S B U R G R Y — Carlisle to Gettysburg, P a .. 31
m .; branch to Round Top. P a., 3 m . The Reading Co. owns $545,300 of
the $600,000 capital stock; $535,000 deposited under Its gen. mtge. of 1896.
The consol. 5s of 1801 were guar, by Phlla. & Reading H R . (foreclosed).
G I L A V A L L E Y G L O B E & N O R T H E R N R Y — Bowie, A rlz., to Globe
125 miles. Stock, $ 2 ,000,000, of which Southern Pacific Co owns $ 1 ,9 9 7 ,
000.
V . 71, p. 1314.
Par, $100. The bonds, limited to $15,000 per mile
($1,508,000 outstanding), are guaranteed, prln. and lnt., by Southern
Pacific Co. V . 69, p. 27; guaranty In V . 68, p. 232.
D IV ID E N D S .— 1901, 4 % ; 1902, Jan ., 4 % ; In 1 9 0 4 -0 5 ,2 0 % ; 1 9 0 6 -0 7 ,6 % .
R E P O R T .— In 1906-07, gross, $1,045,332; net, $393,630; lnt. and sink
fund, $77,767; dlvs.(0 % ) $ 12 0 ,000; bal., sur., $195 ,86 3.— ( V . 79, p . 1 4 6 0 .)
G L E N V I L L E & K A N A W H A R R . — To extend from Glcnvllle to Weston
W . V a ., 30 miles. Stock authorized. $50,000; outstanding, $24,000; par,
$50. In 1907 made a mortgage to secure $600,000 bonds. President
Lloyd Rinehart, W eston, W . V a .— (V . 84, p. 570.)
G O U V E R N E U R & OS VV EGATCHIE R R . — Owns from Gouvcrneur to
Edwards, N . Y ., 13 miles. Stock, $350,000, all owned by N . Y . Cent.—
which guarantees the bonds. See V . 55, p. 810, and V. 56, p. 501.
G R A N D R A P I D S B E L D I N G & S A G I N A W R R — Freeport to fielding,
Mich., 28 miles. Mtge. Is for $260,000 on 28 miles and $9,000 per mile for
new construction.
Leased for 30 years from Jan. 1 1900 to Pere Marq. R R .
(which owns the capital stock), rental covering Interest.— (V . 70, p. 39.)
G R A N D R A P I D S & I N D I A N A R Y . — (See M aps of Pennsylvania RR.) —
Owns from Fort W ayne, Ind., to Mackinaw City, 367 m .; branches, 59 m .;
total owned, 426 miles; operates the following roads, but has not assumed
the old com pany’s leases thereof: Cln. Richmond A Ft. W ayne R R ., 86 m .;
Traverse City H R . (nearly all the stock and all the Income bonds ow ned),
26 m .; Muskegon Grand Rapids A Indiana R R ., 37 m .; trackage, 7 miles.
Traverse City Leelanau & Manlstlquc R R ., Traverse City to Northport,
Mich.. 30 miles, see V . 74, p. 777: V . 76, p. 8 11: V . 8 2 , p . 988, 1098.
H I S T O R Y .— Successor Aug. 1 1896 of Grand Rapids A Indiana Railroad,
foreclosed under second m tge., per plan In V . 63, p 153.
S T O C K .— Stock, $6 ,000,000, of w hich P en n sylva n ia Interests are su p
posed to own all or n early ail. Penn. Co. on J a n . 1 1907 owned $2,90 2,6 00 .
D I V I D E N D S .— 19 0 0, 1 % ; 1 9 0 1, 2 % ; 1902 to A p r. 190 8, 3 % (y ea rly ).
55
BO NDS.
IN T E R E S T OR D I V I D E N D S
Rate
When
Payable
Where Payable, and by
Whom
6
5 A 6
5 In 1907
5 In 1907
5 g
4 g
4«
5
6
5
5 g
5 g
6
5 g
5 g
3 in 1907
3% g
4H g
4 g
3 $ or £
4
4
4
4
& J (A m Exchange N at B kl
J
.1 & .1 INew York or A u gusta/
M A N M T A D Co Balt; A N Y
M A N
J
J
A
J
A
J
M A
S Blair A Co New York
A A O Reading Terminal, Phlla
A A o
A A o
M A N So Pac Co 120 Bway N Y
A & o Internat Trust Co Boston
Various N Bk Or Co Goshen N Y
J
A D
M A
S Internat Trust Co Boston
A A ()
J
A
.1 W inslow,LanierACo N Y
A
J
J
A A O
A
J
J Bank of M ont, Lon A N Y
A A o
A A ()
A A ()
M & ,s 9 N Broad St London E C
4 In 1907
5 for ’ 07
5 for ’ 07
See text
5
4
6
5
6
4
5
*
5
3% g
4
A A d
A A o
A A o
Yearly
J A J 14
Q— J
A
J
J
F A A
A A O
F A A
M A N
A
J
J
A
J
J
A A O Montreal or London
Ronds— Princi
pal, When D u e.
Stocks— Last
Dividend
Jan 1 1910
Jan 1 1922
N ov 15 1907 2 Yi
Nov 15 1907 2 V%
July 1 1945
July 1 1952
Sept *08-Sep ’ 12
Apr 1 1898
Oct 1 1912
Oct 1 1926
N ov 1 1924
Apr 11937
1928-1929
June 1 1942
Mch 1 1924
Apr 25 1908 1 y2
July 1 1941
July 1 1941
Oct 1 1936
Jan 1 1962
Apr 1 1955
Apr 1 1955
Apr 1 1955
Perpetual
None ever paid
Check from Co’s Office Apr 1908 2 %
do
do
Apr 1908 2 y3
Apr 1908 2 y2
Apr 1908 3 %
1
l Irredeemable
Irredeemable
j July 1 1919
)Glyn, Mills, Currie A ) Irredeemable
Co, London
Irredeemable
Irredeemable
1
| May 1 1908
J
J”
1 1912
B O N D S .— The 1st m tge. bonds extended at 4 % % are endorsed with the
guaranty of the Penn. R R . Co. to purchase the coupons as they mature, and
the bond Itself at maturity. They have no lien on land grant. See guar
anty, V . 56, p. 649; V . 69, p. 1193. Of the seconds, $888,000 were owned
Jan. 1 1908 by Pennsylvania R R .
R E P O R T .— Report for 1907 was In V . 86, p . 975.
In 1907 carried
3,260,228 tons of freight, of which 3 9 % was lumber, A c ., and 16% coal.
Year end. Dec. 31—
1907.
1906.
1905.
1904.
Miles operated....................
424
424
424
415
Gross I n c o m e .................. $4,149,694 $3,900,605 $3,605,649
$3,302,347
Net over exn. A t a x e s ..
801,299
782,094
698,839
621,859
Interest and other charges, $501,383; Improvements, $65,222; dividends
( 3 % ) , $173,730; balance,-surplus, $60,9 6 4 .— (V . 86, p. 918, 975.)
G R A N D T R U N K P A C I F I C R Y . — (See M a p .)— This new trans-conti
nental railway across Canada has received the approval of the Canadian
Government and will be carried through with the Joint financial support
of the Government and the Grand Trunk R y. Co. of Canada. It will
consist of a main llnefof an estimated length of about 3,550 miles, from
Moncton, New Br nswlck, to Prince Rupert, II. C ., on the Pacific Ocean,
about 25 miles south of Port Simpson, B. C ., with branch 199 miles, viz.:
1. Leased Line, to be Built\by Canadian Government—
M iles
Eastern D lv ., Moncton, N . B .. via Quebec to W innipeg, about____ 1,800
(To be leased for 50 years to Grand Trunk Pac. R y . Co.— for first
7 years at cost of operating only and for remaining 43 years at
3 % on cost of construction) (but see V . 80, p. 997).
2. Western Division, to be Ruilt and Owned by Company—
a. Prairie Section, Winnipeg to Rocky Mountains, about_____ .
1,000
b. Mountain Division, Rocky Mountains to Pacific Ocean, about
745
3. Lake Superior Branch, to be Ruilt and Owned by Company—
Thunder Bay on Lake Superior to Junction with Eastern Division,
east of Winnipeg (tojbe completed In October 1908)_______________ 199
Of the Prairie Section, Winnipeg to Edmonton, 793 miles Is expected to
be completed In 1908 and probably remainder of section from Edmonton
west to W olf Creek, 116 miles. On Mountain section, construction Is to be
begun In 1908 on 100 miles east of Prince Ruppert and on 200 miles west
from W olf Creek.
From Lake Superior Junction to W innipeg, 245 miles.
Is under construction, and contracts have been let on other portions of the
road to be built by the Government. V . 84, p. 1052; V . 86, p. 794.
O R G A N IZ A T IO N .— incorporated by Canadian Legislature In 1903. See
full statement In V . 80, p. 996; V . 81, p. 1315. As to Grand Trunk Pacific
Branch Lines C o., see V . 82, p. 333.
S T O C K .— Authorized, $45,000,000 (par of shares, $100 each), of which
the $25,000,000 common will be owned by the Grand Trunk R y.
B O N D S .— On condition that the Grand Trunk R y. Co. of Canada guar
antee 2d mtge. bonds to provide the balance for the construction of the
Western Division of the line, the Canadian Government undertakes to guar
antee 1st mtge. bonds bearing Interest at 3 % for an amount up to 7 5 % of
the cost of construction of that division, such amount (a) In the case of the
Prairie Section not to exceed $13,000 per mile, or £3,210,000 In all. and
(6) three-quarters of total cost per mile from the mountains to Pacific Coast,
called Mountain Section.
(V . 80, p. 996, 1234, 1363: V . 81. p. 613.)
Series “ A ” (Prairie Section) bonds, total Issue limited to £2,100,000, and
Series " B " (Mountain Section) bonds, not ’to exceed £2,050,000, are secured
by a 2d mtge. (National Trust C o., Toronto, trustee) on the railway,
equipment and tolls of the co.. Including Its leasehold Interest In the Eastern
Division, but not branch lines exceeding 6 miles.In length, ships, grants of
lands (other than for railway purposes) and the rolling stock of the East.D lv.
or of the above-mentioned branch lines of over 6 miles
These bonds are
unconditionally guaranteed as to prln. and lnt. by endorsement on each by
the Grand Trunk R y . Co. See form In V . 80. p. 996.
Although the mortgage to secure the 3% bonds guaranteed by the Govern
ment will rank before the mtge. to secure the bonds guaranteed by the Grand
Trunk R y. of Canada, yet an agreement schedule to an A ct of 1904 provides
In cltect that In the event of default by the company for 5 years In pay
ment of the lnt. on the 3 % bonds, the remedy of the Government shall be to
put In a manager to operate the Western D lv. and to collect and distribute
net earnings pari passu between the holders of the bonds guaranteed by the
Government and the holders of the bonds guaranteed by the Grand Trunk
R y . Co. In the proportion of 7 5 % of such earnings to the holders of the
Government bonds and 2 5 % to the holders of the bonds of this division
guaranteed by the Grand Trunk R y . Co.
The mtge. deed to secure the series A and series B bonds will provide that
separate accounts shall be kept of the tolls, earnings, Incomes, rents and
profits of the Prairie Section and the Mountain Section, and that In the
event of the trustee exercising the right of entry or sale thereby given In case
of default by the co., the moneys arising from each particular section and
.available for the purpose shall, subject to the payment of the working ex
penditure of the section, be applied first In payment of any Interest or prin
cipal due on the bonds Issued In respect of such section.
Lake Superior branch bonds, total Issue limited to £1,550,000, are se
cured by a 1st mtge. on all the 220-mile Lake Superior D lv. and are guaran
teed prln. and Int. by Grand Trunk R y. Co. (V . 80, p . 996.)
D E B E N T U R E S T O C K .— In 1906, $25,000,000 debenture stock was au
thorized, of which $15,000,000 (£3,000,000) ln t.g u ar, by the Grand Trunk
R y. under certain conditions (see V . 84. p. 570), to be Issued as perpetual
d c b .stk .; of th ls £ l ,000,000 sold In F e b .'07 and £1,000,000 additional J an .'08.
V . 82, p. 568, 1102; V . 83. p. 155. 969; V . 84, p. 1050; V . 86, p. 285.
G E N E R A L F IN A N C E S .— In Feb. 1905 Speyer Bros. In London, A c .,
ollered, at 99 % , £3,004,000 4 % (2d) mortgage sterling bonds due 1955, viz.,
£1,646,000 ser. A (Prairie Section) bonds and £1,358,000 Lake Superior
branch bonds, all guar, by the Grand Trunk R y . Co.; and In March 1908, at
9 4 y i, £1,354,000 ser. B (Mountain Section) and the balance of ser. A and
Lake Superior branch bonds, viz., £454,000 and £192,000. See V . 80,
p. 090; V. 86, p. 794.
In March 1905 N . M. Rothschild A Sons ollered at
95 £3,200,000 1st mtge. 3 % sterling, guar, by Canadian G ovt. V . 80, p.
1231, 1363; V . 81, p. 507.
O F F IC E R S .— Pres., Charles M. H ays, Montreal, Can.; Sec., Henry
Phillips; Trcas., Frank Scott.— (V. 8 4 , p. 1052; V . 86, p. 285, 720, 794.
)
G R A N D T R U N K R Y . OF C A N A D A . — (See M a p .)— Quebec, Can., via
Montreal to Chic., III.; also to Portland, Buffalo, Detroit, Toledo, Ac.
Cn
ci
DAWSON
R A ILW A Y STOCKS AND BONDS.
'Reindeer
o
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PAClFin
4
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a t c h e w a
O NT°£V
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PR O JE C T E D ROUTE.
ilw au k ee
l x x x v i.
f a ir m o o n i
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GRAND TRUNK PACIFIC
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Alexandrhi
Buckhahnon'
>Spencer
Borns
peasant
jflekens
Calvertoi
DOUBLETRACK.
DOUBLETRACKUNDERCONSTRUCTION.
R A ILW A Y STOCKS AND BONDS.
Kalkatk.
^Warsaw
., 1008.J
)lbeau
Tadousac
pr
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Rober
Cb^inbord
Portage la.
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GREAT NORTHERN RAILWAY
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Big Horn
verside
^■t s b u r g h A
.V I R G IN I A
R o li« «
RA ILW A Y STOCKS AND BONDS
Newton
apb.
High Riverbo
Drynock
.Bowel 1
Nabnspl
Lytton
1908.]
Kaslo
Lower
North Ben<
.Lethbridge
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1
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Big Timber
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Norri3
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Missouri
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^
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GREAT NORTHERN RAILWAY
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XX ^ y ^ a i r o ^ ^ ; . : ^ s%
fF la th en d j
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■Ellensburg
s t Tp a u l
Edfremoi tV ,
/
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Blackfoot
(W E S T E R N
S E C T IO N )
Shoshone Jc.
American Pluj
Pocatello
i d e r o c i Lyons
Douglas
IrvintV
Cmwford
RAILWAY STOCKS AND BONDS.
lilo3sbur^&,Sr .
lU R C U S W ^
Meyers Fal.lSa
Oolvuleoi^
Chewelah lAw
V a lle y ^
Sprwigdalt^
60
R A IL W A Y
STO CKS
R A IL R O A D S
F o r explanation of column headings, <fec., see notes
on first page of tables
[VO L. LXXXVI.
A N D * BO NDS.
IN T E R E S T OR D I V I D E N D S
M iles Date
of
of
Road Bonds
Grand Trunk W estern— Northwest Grand Trunk 1st M
66
First M $15,000 ,000 Int guar gold $ (cur) A £ . .
F 326.5
Second M Income gold $1,500,000 redeem (text).T a 326.5
Great Northern— Stock $210 ,0 0 0 ,0 0 0 -------------------------Ore trust certs 1 ,500,000 shares (not a Gt Nor Issue)
St P M & M 2d (now 1st M) g (does not cover Ids) _c*
624
Dakota Extension first mortgage gold_____ Ce.c*
1,221
Consol mtge forUnow 1st M on lands) g o ld ..C e l 2,655
5 5 0 ,0 0 0 ,0 0 0 ../
2,655
Montana E x t 1st M ($25,000 p m) gold. _.C e.c*A r
420
Pacific Exetnslon M £6,000,000 g o ld -. .C e .c *A r
818
C B & Q col tr M g (sub to call at 105)............
Sc&r
do
do
do
registered________
Minn Un R y first mtge gold assumed_______ -Ce.c*
3
do
do
do
do
-. .
3
299
E of Minn No Dlv M $15,000,000 g assu red M e.c*A r
Mont Cent 1st M g ($6,000,000 are 6s)assum .C e.cA r
260
W lllm ar A Sioux Falls 1st M g assum (end) Ce.c*&r
205
2
Mlnneap W est M $1,000,000 g assum(V 60 p 835) .c *
Spokane Falls A North first mtge gold assum Ma.c*
132
(il North R y of Can— See Canadian North Quebec Ry
Green Bay A Western R R — Stock (see te x t). ________
Debentures Class A Incomes text non-cum ____ ; . c *
Class B Incomes after 5 % on stock n o n -cu m ._c*
Greene R R (New York)— Stock____ ______ _
_______
21
Greenwich & Johnsonville— 1st M $500,000 g -.S .c & r
Guay & Q — 1st M $12,282,000 gold guar (text) - Usm
Gulf Beaumont & 'K C— See Atchison Topeka A Santa Fe
77
~
& Gt Nor gold p & l guar end (te x t)___AB.c
Gulf Line— First mortgage 5325 000 gold
. . -Gulf & Ship Isla n d -S to c k $6,000,000 authorized-. . .
tlr s t refund and term mtge gold sink f u n d -- N.c* &r
307
60
Gulf Term Mobile— 1st M $700,000 g gu (text) . . c * At
Hancock & Calumet— See Mineral Range HR
Hannibal & St Joseph— See Chicago Burlington & Qul ncy
a $11,502,000 additional pledged for Pacific Extens Ion bo
d Subject to call after April 10 2 8 . e $16,000 old 5s of 189
1880
1900
1900
1879
1880
1883
1883
1887
1890
1901
1901
1882
1882
1898
1887
1888
1891
1889
1896
1896
1904
1899
1900
1907
1902
1908
1007
Size, or
Amount
Par
Value Outstanding
500 Ac
£100
500
100
None
1,000
1,000
1,000
1,000
1,000
£100 Ac
$ l,0 0 0 A c
1,000 Ac
1,000
1,000
1,000 Ac
1,000 Ac
1,000
1,000
1,000
$563,000
14,437,000
1,500,000
209,956 ,500
1,495,720sh
5,942,000
4,674,000
13,344,000
19,628,000
alO, 185,000
b £4,000,000
1 107613000
J
2,150,000
650,000
d 9 ,700,000
10,000,000
3,646,000
500,000
232,000
Rate
%
’ When
Payable
Where Payable, and by
Whom
6
A J Nat Bk of Commerce N Y
J
4 g
J
A
J Bank MontrealLon: A N Y
4 % paid 1906-1907
Up to4%
July
See text
Office 32 Nassau St N Y
Q— F
See text See text
do
do
A A O New York and London
6 g
M A N 32 Nassau St New York
6 g
0 g
J
A
do
do
J
& J
4A g J
do
do
4 g
J
A D
do
do
4 g
J &
J N Y A Lond, Baring Bros
/
4 g
A
J
J New York Ac
1
4 g
Q— ,1
do
do
A J 32 Nassau St New York
6 g
J
5 g
J
A
.T
do
do
A A () 32 Nassau N Y ;L ce,H ,B o s
4 g
5 A 6 gJ
A
J 32 Nassau St New York
A D
J
5 g
do
do
A
J
5 g
J N Y A Lon, Baring Bros
6
& J Chase National Bank N Y
J
Bonds— Princi
pal, When D ue.
Stocks— Last
Dividend
Jan 1 1910
July 1 1950
July 1 1950
May 1 1908 1M
Men 16 1908 $1
Oct 1 1909
Nov 1 1910
July 1 1933
July 1 1933
June 1 1937
July 1 1940
July 1 1921
July 1 1921
July 1 1922
July 1 1922
1928-1948
July 1 1937'
June 1 1938
July 1 1911
July 1 1939
100
1,000
1,000
100
1,000
1,000
2,500,000 5 Feb ’ 08
Feb
Office 40 W all Street N Y Feb 1 1908 5 %
600,000 5 Feb ’ 08
Feb
do
do
Feb 1 1908 5 %
7,000,000 X Feb’ 08
Feb
do
do
Feb 1 1908 'A %
200,000
6
A D D L A W 90 W est St
J
Dec 19 1907 3 %
500,000
A
J Standard Trust Co N Y Jan 1 1924
J
4 g
12,282,000
A
See text
Jan 2 1932
J
J
0 g
1,000
781,000
5 g
(?)
6,000,000 See text
e4,984,000
5 g
750,000
600,000
4 g
100
1,000 Ac
1,000
nds
6 rema In outsta ndlng
J
A
J 5 Nassau Street New Yk July 1 1930
1937
Jan 1908
1%
Feb 1 1952
Apr 1909-191 1
Jan 1 1957
Buffalo N Y
Q— J
.T A
J Fisk A Robinson N Y
A A O
A
J
J New York
b £2,000 ,000 additional held by G reat Northern
was $557 ,71 2, lands unsold, 818,133 acres, to be reduced about 650,000
acres by a final adjustment with U. S.
S T O C K .— In Oct. 1905 the authorized stock was Increased from $125 ,
000,000 to $150,000,000 and In Jan. 1907 to $ 2 1 0 ,00 0,00 0.
In Oct. 1898the stockholders surrendered the right to Issue common stock, all stock
being “ of a single class with uniform rights and privileges.”
Stockholders In Jan. 1907 subscribed for $60,000 ,000 new stock at par.
payable In Installments to April 1908. Proceeds will be used for additional
equipment, extensions, to acquire securities of subsidiary companies, Ac.
V. 83, p. 1469; V . 84, p. 749, 803; V. 85, p. 1273; V. 8 0 , p. 704.
The Union Pacific System In April 1908 owned $12,650 ,960 stock. V . 83,
p. 1332, 1322; V . 84, p. 509. Suit to set aside ownership. V . 86, p. 285.
D IV I D ’ DS, 1’ 92 to ’ 96 (lncl.) ’ 97. ’ 98. ’ 99. ’ 00. '0 1 .
1902 to M a y ’ 08.
G t.N o rth ./ 5 % yearly
5/J 0M
7
7 7M
7 % yearly, Q -F .
Also In 1898 50% In Seattle A Mont, stock, which was then exchanged
for 4 0 % in G t. Nor. pref. V . 66, p. 1044, 1188; V . 74, p. 829.
In M ay,
1901
and In N ov. 1907 W i % was paid from earnings of Lake Superior
Co. V . 85, p .9 2 1 , 1405. And In Dec. 19 0 6 , unit for unit, 1 ,500,000 shares
of beneficial Interest In the Iron ore properties. See “ General Finances.
B O N D S .— St. P. Min. & Man. consol, mtge. of 1883 Is for $50,0 0 0 ,0 0 0 , of
which bonds are reserved to pay prior liens.
It Is a first lien on the land
grant and on 670 m . of railway in Allan, and a second lien on the remaining
1,873 miles In .Minn, and the Dakotas, the prior liens on which average only
$5,900 per mile. V . 64, p. 518; V . 86, p. 229. Montana E xt. mtge Is for
$25,000,000 for extensions and for second track.
Abstract, V . 45, p. 342.
Pacific Extension m tge., £6 ,0 00 , 0 00 , provides for bonds at £6,000 per
mile In Montana and £7,000 per mile west of Montana; £3,000,000 of this
Issue (of which £ 1 ,000,000 sold) were released upon payment of collateral
trust bonds Sept. 1 1898. V . 6 6 , p. 1044, 1188; V . 80, p. 1111, 1174.
See abstract of mortgage V. 52, p. 8 2 .
,
_
In 1904 the G t. Northern and Nor. Pac. had acquired $107,012,600 of the
Chicago Burl. & Quincy R R . $110,839,100 stock. In exchange for their
joint 20-year 4 % gold bonds, secured by the deposit of the stock in trust,
on basis of $200 in bonds for each $100 stock. See circular, V . 72, p. 871,
1034, 1135, and application to list V . 73, p. 294, 903; V . 85, p. 600.
Eastern Railway of M innesota.— The Northern D lv. $15,000,000 mtge. of
1898 provides for extension built from Fosston, M inn., to the head of lake
navigation at Duluth, and also for future requirements, Including the retire
ment of the $4,700,000 1st 5s April 1 1908. They are redeemable at 105
on three months’ notice after April 1 1928.
V. 66, p. 471. Montana
Central bonds cover several roads.
(See adv. "Chronicle Dec. 12 1891.)
The Manitoba guarantees these Issues, and G t. N or. assumes guar. See
guar. V . 74, p. 680.
.
,
The MVillmar & Sioux Falls bonds are endorsed with joint and several
guar, of the Manitoba and Gt. Nor. companies. Further Issues m ay be
made at $17,500 per mile for additional road. V P o 6, p. 247 .•
Minneapolis Western first m tge. Is for $ 1 ,000,000.
V . 60, p. 83o.
275,358
G E N E R A L F IN A N C E S .— Total funded debt per mile of main track
(4,829 m.) In the hands of the public June 30 1907, $20,687 .
V . 8o, p. 1277.
Train-load, 1906-07, 549 tons, against 530 in 1005-06.
In Jan. 1907 shareholders subscribed for $60,000 ,000 stock at par, pay
able In Installments to April 1908. Sec ST O C K above.
In Oct. 1906 a contract was signed for a lease of the ore lands to the U . S .
Steel Corp., to continue until the ore Is exhausted, unless the lease Is termi
nated on Jan. 1 1915 under the option reserved to the Steel Corp., on a roy
alty basis of $1 65 per ton standard ore with 3.4 cts. per ton Increase each yr.r
minimum tonnage to be mined, 750,000 tons during 1907, with 750,000 In
crease each year until 8,250,000 Is reached. The Iron ore properties were
transferred to Louis W . Hill, James N . II11I and W alter J. Hill as trustees,
the 1,500,000 shares of beneficial Interest In the'trust equal to the number of
shares of stock held being Issued Dec. 1906 to Great Northern stockholders.
The profits from the Iron properties, after first deducting the 80c. per ton
payable to the G t. Northern R y . for carrying the ore to the docks on Lake
Superior, will be distributed along with any profits from other ore leases
at least once a year to the holders of the ^ lAstnnnrtlr CaneSp. 818, 969, 1228, 1290; V . 84, p. 635, 693, 749 996, V . 86, p. 855. First
dlv. on ore certs., $1 per share, paid Sept. 10 1907; March 10 1908, 1 % .
V . 86, p. 480.
E A R N IN G S .— July 1 1907 to March 31 1008, 9 m onths, $44,145 ,474 .
against $40,218,798 In 1906-07.
For 7 months ending Jan. 31 1908, net
(after taxes), $12,670 ,563 ; other Income, S U lO g .lS o; charges, $4,346,341;
dividends, $7,858,816; balance, surplus, $1,567 ,5 4 0 . V . 86, p. 794.
A N N U A L R E P O R T .— Report for 1900-07 In V . 85. p. 1265, 1273, 1241.
SYSTEM P R O P E R .
I
REPORTED SEPARATELY.
M iles. I M ajority stock owned.
M iles.
Lines owned____________________ 2,951 (Central Verm ont*_______________ 531
Leased— partly owned.
|Grand Trunk W estern*________
330
Atlantic & St. Lawrence, PortI Entire stock owned.
land,M e., to Island Pond, V t. 105 I Detroit Grand Haven A M i l * .. 189
184 Tol. Sag. & Muskegon_________
90
Buffalo & Lake Huron_________
Clncln. Sag. & Mackinaw*____
53 | Jointly owned.
Other lines_______________________ 202 j Detroit & Toledo Shore Line_________ 79
Total In earnings____________ 3,5351
Total road____________________ 4,700
Car ferry, Grand H aven to Milwaukee.
’ See separate statement this Co.
As to Grand Trunk Pacific R y ., see that company above. V . 79, p. 2587.
The company on Sept. 30 1905 began operating Canada Atlantic R y. and
guar., prln. and Int., Its 4 % bonds. Amalgamation with the Grand Trunk
Indefinitely postponed.
V . 79, p. 9G7, 1331, 1641, 2455, 2020; V . 85, p. 000.
S T O C K , A c .— The authorized capital on June 30 1907 was £40,430,304
stock (£ 4 3 ,9 8 6 ,2 4 0 Issued and £2,450,124 unissued; advances from the
Canadian G ovt. In aid of construction amount to £ 3 ,111,500.
Perpetual
consol. 4 % deb. stock authorized by A ct of 1882, and later A cts, has been
Issued from time to time to acquire securities of companies consolidated and
controlled, amounting June 30 1907 to £ 8 ,589,288, and bearing an annual
interestof £444,308.
V . 71, p. 84. Guar, stock, £750,000, was subscribed
In 1903 and £500,000 In 1904; V . 78, p. 1962.
In 1906 £1,000,000 was
offered and In Feb. 1908 £1,000,000 was sold.
V . 82, p. 092; V . 86, p. 602.
In Feb. 1906 It was proposed to apply for authority to guarantee Toronto
Union Station Co. bonds.
V . 82, p. 452. Montreal Warehousing guaran
teed bonds, V . 83, p. 37.
D IV ID E N D S —
F o r ’ 98 ’ 99. ’00. ’ 01 ’ 02. ’ 03. ’ 04. ’ 05. ’ 06. ’07
4
4
4
4
4
4
4
4
4
Guaranteed 4 % stock______% 2
5
5
5
5
5
5
5
5
5
First preferred_____________ % 3
5
5
5
5
4
5
5
Second preferred___________% 0
3K 3
0
2
3
3
0
1
2
0
0
Third preferred_____________ % 0
As to dividends on third preferred ,see V . 85, p. 405.
E A R N I N G S .— 8 m o s .,11907-08____ Gross, $ 2 2,274 ,456 ; net, $5,485,518
July 1 to Feb. 29.
U 90C -07____ Gross, 2 2 ,037,457; net, 5,943,455
R E P O R T .— Statement for 1906 was In V . 84, p. 1049.
1906.
1905.
Years ending Dec. 31—
1907.
£6,018,001
Gross earnings_________________________ £7,144,506 £6,606,528
4,746,318
4,269,153
Transportation expenses_____________
5,197,478
Net earn in gs________________________ £1,947,028
Total net Income____________________ £2,220,187
Rentals_________________________________
155,200
Interest on bonds and deb. stock____
1,069,136
Advances to controlled ro a d s ________
153,350
Dividends on guaranteed stock----------- (4)336,770
Do
first preferred stock____(5)170,841
Do
second preferred stock. (5)126,420
Do
third preferred stock—
(3)214,939
£1,800,210
£1,748,848
£2,100,993
£1,951,232
155,200
155,200
1,070,923
1,071,144
41,537
11,070
(4)
312,411
(4)
(5 )
170,842
(5) 170,842
(5)126,420
(5) 126,420
(2)143,293
(3)214,939
B a la n c e _____________________________ def. £6,477
sur. £8,714
def. £2,101
O F F IC E R S .— -Pres., Sir C. Rivers W ilson, London; 2d V .-P . and Gen.
Mgr.,[Chas. M. H ays.— (T .*85, o . 405, 468,{600; V . 86, p. 285, 602.)
fJ G R A N D T R U N K W E S T E R N R Y .— (See M a p Grand Trunk R y .)— Owns
from Port Huron, M ich., to Chic. A W est. Ind. R R ., 330 in., and trackage
Chic. & W est. In d ., 5 in.; total, 335 m . Stock, $6,0 0 0 ,0 0 0 , all owned by
Gr. Trunk. Successor (V . 69, p. 954; V . 71, p. 28) of Chi.&Gr.Tr.foreclosed.
B O N D S .— The Grand Trunk unconditionally guarantees the Interest on
the new 4s.
Of the 4s, $563,000 are reserved for Northw. Gr. Trunk 6s.
The new Incomes are subject to call at 85 and any Int. then duo, within the
first 10 years.
Int. on Incomes, 1 % paid on July coupons In 1902 to 1905,
lncl.; 4 % In 1906 and 1907.
V . 83, p. 687. Jointly with Toledo St. Louis
AfW cstem guarantees Detroit & Toledo Shore Line bonds. V . 76, p. 653.
E A R N IN G S .— 8 m o s .,/1 9 0 7 -0 8 -.......... Gross, $4,103 ,7 0 9 ; net, $522,443
July 1 to Feb. 29.
11906-07_______Gross, 3,9 7 5 ,5 5 0 ; net, 561,157
Year ending June 30 1007; Gross, $6,092 ,2 5 0 ; net, $1,078,022; other
Income, $175,498; charges, $987,744; 4 % on Incomes, $60,000; renewal
funds, $177,336; sur., $28,4 4 0 .
(V . 83, p. 687.)
BTGREAT NORTHERN R Y .— {See M a p s .)— Operates a line from St. Paul
Minn., via Spokane, W a sh ., to Lowell, W ash ., on the Pacific coast, with
coast line to Seattle, and numerous branches In Minnesota, Nebraska, North
(1) O P E R A T IO N S G R E A T N O R T H E R N S Y S T E M P R O P E R .
and South Dakota, Montana, Washington, Manitoba and British Columbia,
aggregating, June 30 1907, 6,498 miles.
Year ending June 30—
1907.
1906.
1905.
Lines owned in fee.
M iles. \ Lines owned in fee.
M iles.
Average miles o p e r a te d ........................
5,082
5,900
5,723'1
St. P aul., M inn., to Lowell,
IDuluth, M inn., to Laramie, No.
Gross earnings__________________________ $55,144 ,402 $.>1,276,280 $43,526,088
W a s h _________________________ 1,7901
D ak ____________________ ______ . 325
Net earnings___________________________ 20,530,703
23,651,761 20,567,239
Seattle to Vancouver.......... ......... 156|Paclfic Jet., M ont., to B u t t e .. 351
Per cent of expenses and taxes_______
62.77
53.87
52.7 5
W lllm ar, M inn., to Yankton,
ISt. Paul,M inn., to Grand Forks
(2) G R E A T N O R T H E R N IN C O M E AC C O U N T .
*JSo. D a k _________ _______ _____ 2051 No. D ak.......................................... 324
Garretson, So. D ak., to Sioux
IVarlous branches...........................2,939
Year ending June 30—
1907.
1906.
1905.'’’^
-■^Clty, l a ., and O ’ Neill, N e b .. 208 |
, „
--------Net earnings St. P. M. & M an________$18,563,312 $21,520,668 $18,810,731
Spokane, W a sh ., to Nelson.B.C 200 | Total June 30 1 9 0 7 ....................6,498
Interest on bonds owned______________
396,088
397,406
302,227
*
12d A c ., tracks A sidings_______1,643
Dividends on stocks owned___________
996,079
905,247
973,325
■^During 1906-07 377 m . of extensions
were completed and284m . under Rentals of leased lines________________
139,502
123,824
119,851
construction. V . 85, p. 1275. As to Spokane Portland A Seattle R y .,
Bills receivable_________ ______ _______
1,549
2,709
1 4,013
423 m ., to be built Jointly with N o. P a c., of which 221 m . operated March
General Interest and other Income___
1,881,581
713,117
891,144
1908 .*NV. 81, p. 1100; V . 83, p. 1111; V . 85, p. 1273.
In April 1900
Canadian lines were proposed by allied Interests from Winnipeg westward
Total receipts_______________________ $21,978,111 $23,722,970 $21,197,291
to Vancouver, aggregating about 1,300 m . V . 81, p. 669; V . 82, p . 928,
Paid rental St. P. M. A M an......... - - $4,080,280
$4,107,095
$4,001,555
1156. 1208
_
«ei
Great Northern dl>4jdends, 7 % _______ 10,469,662
9,148,520
8 ,693,800
Interest on sterling loan
.......... ................... ..
151,875
304,500
O R G A N IZ A T IO N .— Thc^stockholders voted Oct. 10 1907 to acqulrelthe
St. Paul Minn. & M an., Eastern R y. of Minnesota, and other roads hereto
Interest on stock subscriptions_______
337,483
_________
. . _______
Renewal, A c ., funds_______. . _______ _
4 ,934,970
5,130,911
3 ,000,000
fore controlled. V . 85, p. 600, 1209; V. 86, p. 168, 794.
L A N D S .— Sales for year 1900-07 were 2,322 acres for $21,829 and 49
Balance, surplus.................................... $2,155,704
$ 5 ,1 8 4 ,5 6 0 1 $5,137,370
tow n{lots'forl$2,015. ThelnctJamount'due’on'lamRcontracts June 30 1907
APR./1908.1
R A IL W A Y
STO CKS
AN D
BONDS
61
R A IL W A Y
62
STO CKS
F o r explan ation o f colu m n headings, & c ., see notes
on fir s t page o f tables.
M iles
Date
of
01
Road. Bonds.
20
53
53
124
124
44
Harriman & Northeastern— ■First mortgage: g o l d - .-Ce
Harrisburg Portsmouth Mt Joy & Lane Stock 7 ,« g u
First M (extended in 1883) gu p & 1 Pa R R — Qi .i
Hartford & Connecticut VVestern— M o c k ......................
First mortgage extended In gold In 1603------------------Hawkinsv & FI So— 1st M $400,000 gold guar p & 1
Henderson Bridge Co— See Louisville & Nashville R R
Hibernia Mine R R — Stock----------- - — - - —-----------------—- —
Hocking Valley R y— Stock common $ 1 1 ,000 ,000____
Stock preferred non-cum (see text) subj to call at par
Columbus & Hocking Valley first mtge gold.......... c*
Col & Tol 1st M gold ext 1905 (V 81 p 2 1 1 ) .. .S.c*
Ohio & W est V a 1st M (Logan to Pom eroy)-------c»
First consolidated mortgage $20,000,000 g o ld .-.C e
Equipment notes payable m onthly------------------
4H
76
118
85
346
Equip notes gold Ser A due $23,000 s -a -------------Usm
tlo
do
Ser B due $48,000 s - a ______________
do
do
Ser C due $37,000 s - a ______________
do
do
Ser D due $20,000 s-a (V 85 p 600)
do
do
Ser E due $25,000 s - a ______________
do
do
Ser I of 1908 due $25,000 s - a . S.xc*
Bonds of coal companies guaranteed. See Sunday Creek
To be issued and assumed under consolidation plan
—
Stock authorized $ 1 3 ,7 5 0 ,0 0 0 ________________________
General lien mortgage $30,000,000 gold.........................
164
Kanawha & Michigan Urst m ortgage________ Ce.c*
25
Size, or
Amount
Par
Value. Outstanding
1853
1883
1902
C Tex & N W 1st M guar So Pac (Gar to W a x ).
1,000
1,000
1,000
1,000
1,000
17,000,000
2,469,000
244,000
See text
2,199,000
801,000
1,000
1,000
1,000
1.00C
1 ,00C
1 ,ooc
1,000
3,522,000
1,239,000
4,275,000
1,105,000
1,920,000
709,000
180,000
Total for system
$57,223,299 $21,292,524 $2,660,492 $23,953,017
From this last result ($23,953,017) in 1906-07 paid total Interest charge
of all companies and guaranteed dividends on St. Paul Minneapolis & Mani
toba stock, & c., not owned, a total of $5,346 ,5 6 9 , and dividends of $ 1 0 ,
469 662 on the stock of the Great Northern R y . Co. and $4,934,976 for
appropriation for renewals, Improvement and equipment funds.
O F F IC E R S .— Chairman, James J. Hill, St. Paul; Pres., Louis W . Hill,
St Paul- 2d V .- P ., R . I. Farrington; 3d V .- P ., Sec. and Asst. Treas., E. T .
Nichols N Y .; T r e a s . and Asst. Sec., E . Sawyer, St. Paul; Asst. Sec. and
Asst. Treas., N . Terhune. New York office, 32 Nassau St.
Directors— J. J. Hill, Frederick Weyerhaeuser, L . Sawyer, W m . R .
Begs R . I. Farrington, H. W . Cannon, Samuel Thorne, Louis W . Hill,
W m . B . Dean.— (V . 86, p. 168, 229, 285, 480, 602, 668, 794.)
fiR F FN B A Y & W ESTE R N R R .— Road owned from Green Bay, W Is.,
to M arahlancl.w S.. 200 miles'? branches. 13 m ; trackage to Winona 4 m
H IS T O R Y .— A reorganization June 5 1896 (per plan In V . 61, p . 471) of
Green Bay Winona & St. Paul, foreclosed. Protective cojnm ., V . 84, p. 220.
S E C U R IT IE S .— There are no fixed charges on the property other than
taxes nor can any be placed thereon, or the property be sold or leased
without consent of 7 5 % of stock. Class
^ e b c^ tu resa reen t ltle d to 2 H %
interest if earned, then common stock to 2 H % . then the two snare lataoiy,
but after 5 % has been paid on both, class B bonds arc entitled to all surplus
C<UD IV1D EN DSV- 1 ' P1 ’978l: ’99. '00. ’ 01. '0 2 . '03. ’04. '05. '06. '0 7 .- 0 8 .
3
4
4
4
5
5
5
5
y e a r'c w lln g T e c .P3 1**1907,
1 S|i.P* ^
mi
Gross
Net over
Div. on
Dividend
Div. on
Balance,
v ,n r
Earns. D ep..& c. D e b ." A " s .
on Stock.
Deb. " B ’’s. Surplus.
1907
$666 838 $204,577 (5)$30,000 (5)$125,000 (W $ 3 5 ,0 0 0 $14,577
1906 ------- 636 121
160,894 (5) 30,000 (5) 125,000
.................
5,894
D IR E C T O R S .— S. S. Palmer, Pres.; Mark F. Cox, Sec. and Treas., 40
W all S t.; C. Lcdyard Blair, J. A . Jordan, W . J. H unt.— (V . 86, p. 853.)
O R F FN E RR — Owns road from Chenango Forks to Greene, N . Y . , 8
miles
Leased to Delaware Lackawanna & Western for term of charter for
6 % on stock. Capital stock, $200,000; par, $100. The $200,000 7 % bonds
which matured D m . 1 1902 are held In the D . L. & W . treasury.
Hudson Co."owns~$ 1 7 5 ,0 00 , acquired in 1906. V . 84, p. 626.
Bonds, see
tahle above
In Oct 1907 application was made to issue $900,000 bonds,
total authorized to be $ 1 ,000,000.
For year ending June 30 1907, gross,
S92 367- net $33,921; ln t., taxes. & c., $20,233; div. ( 4 % ) . $9,000; bal.,
sur ’ $4 687 Pres., I. C. Blandy. Office, Greenwich, N .Y .— (V . 85, p. 40.)
GU AT EM ALA R Y — V . 7 8 . p. 988, 1497; V . 79, p . 902; V . 86, p. 168.
GU A Y A Q U I L & QUITO R Y . — (3 J^-ft. gauge.)— Projected from Guaya
quil to Quito. Ecuador. about 286 miles, with two branches. Of this, 204
miles, from Guayaquil to Am bato, are in operation and remaining 82 miles
expected to be In 1908. V . 81, p .5 5 6 ; V . 83, p. 1170. Stockholders and
bondholders on July 25 1907 approved the proposition to use the $430,000,
the amount of the July coupons advanced by the Government of Ecuador,
in completing the road. The July 1907 and Jan. 1908 coupons on all except
“ special scries” bonds remained unpaid pending adjustm ent of dispute with
Government of Ecuador. V . 86, p. 168; V . 85, p. 160, 221.
Stock authorized, com ., $7,032,000: pref., 7 % cu m ., $o,2o0,000.
The
bonds are guar. prin. and lnt. by the Government of Ecuador, secured by a
first lien on all the customs duties of the latter, It recelyln g in consideration
4 8 % of the com. stock.
Interest In London Is payable at Glyn, Mills, Currie
& Co
All the bonds are purchasable for a sink, fund of 1 /0 yearly, and in
addition $1,014,000 (of which $417 000 now outstanding) m ay be called at
par for special s. f .; In s. f. Jan. 1907, $ 1 ,900,000. V . 86, p. 168.
For calendar year 1904 earnings were: Gross, £68.049, cash from Gov
ernment of Ecuador to pay Interest on bonds, £121,348, total, £189.397,
oper. expenses, £67,600; Interest on bonds, £121,348, b a l., sur., £449.
Pres., Archer Harman; V .- P ., T . H . Powers Farr, New York; See. and
Treas., John J. Glnnane. N . Y . office, 25 Broad St.
(V . 80, p. 168.)
GULF BEAUMONT & KANSAS CITY R Y See A tch. Top. & Santa Fe.
GULF & INTER-STATE R Y — See page 169.
GULF LINE R Y .— Owns Ashburn, G a., to Brldgeboro, 32 miles; track
age, Ashburn tP W orth, 6 miles; leases (to April 1 1053, with option to
purchase) the Hawkinsvllle & Florida Southern, Hawkinsvllle to W orth, 44
miles; total, 79 mlies.
Proposed line will extend from Hawkinsvllle to
Balnbrldgc, G a., about 130 miles, and extension projected from latter point
to the Gulf, about 100 miles. It Is projected eventually to build fr0m
Augusta, G a., to the Gulf of Mexico, with trackage rights to Atlanta.
V . 84, p. 1247.
Incorporated In June 1907 and acquired the Flint River
& Gulf. Stock authorized, $400,000.
Bonds authorized, $325,000 30-year
gold 5s, Atlanta (Ga.) Trust C o., trustee. Pres., G. A . Alford; Sec. and
Treas., C. H . Reynolds, Sylvester, G a.— (V . 85, p. 921; V . 86, p. 420.)
GULF & SHIP ISLAND R R .— (See M a p .)— Owns from Gulfport, on
Mississippi Sound, Gnlf of Mexico, to Jackson, M iss., 160..> m .; Columbia
div
Maxle to Mendenhall, 104.75 m .
Branch from Saratoga to Laurel,
41 75 miles; total, 307 miles. Important harbor Improvements have been
constructed at Gulfport, Including an extensive system of docks, piers, &c.;
also a channel 7 miles long exten din g to deep w ater.
S T O C K — C apital sto ck, $6,000,000 (par of shares, $ 10 0 ), all outstan din g.
D I V I D E N D S .— A pril 1903 to Ia n . 1908, 4 % y e a rly (Q .- J.).
When
Payable.
W here P a y a b le , and by
W hom .
& J Central Trust Co N Y
J
& J Company’s Office Phila
J
do
do
& J
J
F & A 31 Hartford
& J
j
<1°
„
A & O Union S B & Tr Co Cin
6
A & O See Central of New Jersey
200,000
100
& J J P Morgan & Co N Y
100 11,000,000 See text J
do
do
& J
100 15,000,000 4 In 1907 J
do
do
A & o
1,401,000
4 g
1867
500 &c
do
do
F
&
A
2,441,000
4 g
1,000
1875
do
do
7
M & N
1,584,000
1,000
1880
do
do
& J
1899 1,000 &c 14,496,000
4H e J
do
do
5 & 6
v arlous
91,124
'00-01 Various
do
do
640,000
4 Yi g M & N
1,000
1902
4
F & A New York
414,000
1,000
1907
do
4
F & A 15
864,000
1907
1,000
Chicago
666,000 A & O
1907
l ,000
4
& J
J
180,000
1,000
1907
,
4
F & A New York
475,000
1,000
1907
F & A 15 Standard Trust Co, N Y
500,000
1,000
4 g
1908
Co und er "In d u strlals”
(3)
O P E R A T IO N S OF W H O L E S Y S T E M .
Other Inc. Total net inc.
Year end. June 30 1907.
Gross.
Net.
$2,569,554 $23,100,257
Total R y . system propcr$55,44 4 ,4 0 2 $20,530,703
81,110
612,342
ane ]Falls
1,688,629
o31,232
Spokane
____ & N o. sys.
9,828
216,695
206,867
294,794
Minneapolis Union.
.............
10,222
10,222
49,598
Mlnneapolls Western —
.............
13,500
13,500
45,876.................................................................................
Duluth Term inal.....................................
1% 2 H
Rate
%
$300,000
0 g
1,182,550 7)3 in ’ 07
4
700,000
2
2,965,500
700,000
325,000
5 g
$100 &c
50
500 &c
100
1,000
1,000
1895
1906
1890
1892
1907
191 1893
191 1893
75 1870
453 1890
453 1890
453 1890
5f 1900
103 1891
41 1895
12 1881
First mtge $3,000,000 gold not guaranteed.
“ A ” deberi —
[VO L. LXX X V I.
BO NDS.
I N T E R E ST
R A IL R O A D S .
&
AND
4 g
4 g
5 g
5 g
5 g
5 g
6
5 g
6 g
4 g
6 g
5 g
6
6
J
A
M
J
M
M
&
&
&
&
&
&
J
A
A
M
J
J
A
&
&
&
&
&
&
&
J
O Central Trust Co N Y
S Old Colony T r Co Boston
J
N 120 Broadway New York
do
do
N
Houston Texas
J 120 Broadway New York
O
do
do
do
do
o
N
do
do
do
do
.1
do
do
J
O 120 Broadway New York
B onds — P r in c i
pa l, W hen D u e .
Stocks— Last
D ivid en d .
Jan 1 1916
Jan 10 1908 3)£
July 1 1913
Feb 28 1908 1 %
July 1 1923
1952
Apr 10 1908 3 %
Jan 13 1908 2 %
Jan 13 1908 2 %
Oct 1 1948
Aug 1 1955
May 1 1910
July 1 1999
To July 1908
N o v ’ 08-M ay ’ 12
Aug '08-F cb ’ 17
To Feb 15 1917
To April 1 1917
July’08-July ’ 12
Aug ’ 08 -A ug ’ 17
To Feb 15 1918
July 1 1936
Apr 1 1 9 9 0
Sept 1 1922
July 1 1937
May 1 1933
May 1 1933
Annually
July 1 1937
Oct 1 1912
Apr 1 1921
May 1 1930
July 1 1941
Dec 31 1925
Oct 1 1911
B O N D S .— Of the first 5s ($5,000,000 authorized), $4,984,000 are ou t
standing, remaining $16,000 being reserved to retire a like amount of old
bonds still outstanding. A sinking fund of 1 % yearly, which became
operative Jan. 2 1905, may purchase bonds at not exceeding 110, but the
latter cannot be drawn; bonds so purchased to be kept alive In sinking
fund as an investment. To Feb. 20 1908, $210,000 had been purchased. See
V . 74, p. 426, and application to list, V . 74, p. 1257; V . 81, p. 264. The
mortgage gold 6s of 1908 ($1,000,000) Issued to construct 60 miles of road,
mature $250,000 yearly In 1909 and 1910 and $500,000 in 1911. V . 86,
p. 547. Car trusts June 30 1907, $335,210.
E A R N IN G S .— 8 m o s.J 1907-08.............Gross, $ 1 ,504,984; net, $320,451
July 1 to Feb. 29.
J1906-07_______ Gross, 1 ,611,065; net, 445,726
For 5 months ending N ov. 30 1907, net, $23 2 ,1 5 6 , against $232 747 In
1906; other Income, $ 9 ,515; charges, $13 8,98 7: balance, surplus, $10 2 ,0 8 4 .
R E P O R T .— Report for year ending June 30 1907 was In V . 8 5 , P - 860.
Year—
Gross.
Net.
Other Inc. Charges.
Balance^
$24,564
5399,083 5317,472
1906-07...........................$2,485,989 I$601,991
1905-06........................... 2,138,779 681,668
25,392
305,784
401,275
Pres.. J. T . Jones, Buffalo, N . Y .— (V . 85, p. 8 6 0 ; V . 86, p. 28o, o47.)
G ULF T E R M IN A L CO., M O B I L E . — O w n s union passengw station and
approaches at Mobile, A la ., leased by the Southern R y . and Mobile & Ohio
R R ., which own the stock and guarantee the bonds Jointly and severaiij ,
principal and Interest, by endorsement. Franklin Trust C o.. New roue, is
mortgage trustee. V . 84, p. 50.
H A R R IM A N & NORTHEASTERN R R .— Harriman to P e tro s, Tcnn . 20
miles.
In Jan. 1903 entire stock acquired In the Interest of the Cincinnati
New Orleans & Texas Pacific R y ., but Is operated separately.
V. 70, p.
157.
In 1907 a dividend of 4 % was paid from accumulated surplus.
Stock, $600,000. Year to June 30 1907, gross, $ 1 1 1 , 608 ; net, $34,240;
charges, $23,545; balance, surplus, $10,695.-— (V . 76, p. 212.)
H AR TFOR D & CONNECTICUT W E S T E R N R Y .— Hartford, Conn, to
RhlneclUI, N . Y ., 110 miles, and branch, 14 miles. Leased till Aug. 1940
to Central New England R y . (now controlled by New York New Haven &
Hartford R R .) , the rental paying charges and 2 % per annum on the stock
($2,965,500 outstanding), of which $1,640,000 owned by lessee.— (V . 7 6 .
p. 1084; V . 83, p. 95, 213, 1290.)
H AV VK IN SVILLE & F L O R ID A SOUTHERN R Y .— W orth to Hawking,
vllle, G a., 44 miles. Leased May 1 1907 to Gulf Line R y . until April 1 1952.
with option of purchase. V . 84, p. 1247. Stock, $100,000, of which onehalf acquired In April 1904 by Georgia Southern & Florida, which guarantees
bonds (sec table above), principal and Interest. Year ending June 30 1907,
gross, $55,174; net, $8,247; total deduc., $13,542; b a l., def., $5,295.
Pres., S. F . Parrott; Treas., W . P . Hopper, Macon, Ga.— (V . 84, p. 1247.)
H IB E R N IA M INE R R.— Owns from R ockaway, N . J ., to Hibernia
Mines, N . J ., 4>S m . Leased to Cent, of N . J. in 1890 for $12,000 per ann.
H OCK IN G V A L L E Y R Y .— (See M a p .)— 'T his company owns main line
from Pomeroy, O ., to Walbridge, O ., 250 miles, with trackage (Penn. R R .
System) Walbridge to Toledo, 6 miles; branches to Athens, Nclsonvllle,
& c., 73 miles; leases Wellston & Jackson Belt. McArthur Junction to Jack
son, 18 miles; total, 347 mlies: second track, 47 miles.
Under the proposed
consolidation with the Kanawha & Michigan (see below ), 169 miles will he
added to the system, making a total of 516 miles operated.
H IS T O R Y , &c.— Successor Feb. 25 1899 per plan V . 68, p. M l , of
Columbus Hocking Valley & Toledo R y ., foreclosed. The coal lands, from
which the bulk of the business Is derived, aggregate about^ 20,970 acres,
and are covered by the consolidated mortgage.
In 1899 acquired control ot
Toledo & Ohio Central R y . (which see) by purchase of entire issue or
$8,421,000 Middle States Construction Co. collateral 3s, which are secured
by deposit ot the entire stock of the Toledo & Ohio Central R y , except
$54,100 common and $11,600 preferred (See V . 69, p. 1345); but that road
is operated separately. See STOC K below.
C O N S O L ID A T IO N P L A N .— A plan for consolidation with the Kanawha
& Michigan Ity. In V . 83, p. 271, 323, contemplates the retirement of the
preferred stock and the creation, as shown In table above, or a new general
lien 4 % mortgage providing for refunding at a lovver rate of Interest out
standing equipment obligations and floating debt of both companies,
ih c
new mortgage (authorized Issue $ 3 0 , 000 , 000 ) will also furnish resources for
betterments and Improvements, so that the net earnings of the consolidated
company m ay be available for dividends.
Issue of new securities delayed
by opposition of State authorities.
_
_
_
*
Held bu
--------To Be Given-------F or each $100 share—
Public, A c. New Bonds New Stock
Hocking Valley R y. preferred................... 5 1 6 >000.000
$110
Common stock_________________________ 11,000,000
------$100
Kanawha & Michigan R y . stock............... 4,490,000
—
.JiPnnn
The Kanawha & Michigan In June 1907 authorized an Issue of $2,500,000
20 -year 5 % bonds, to pay the floating debt, & c., of which about half to be
taken by Hocking Valley for previous advances. V . 84, p. 1247.
P R E F E R R E D ST O C K .— Has preference as to assets and dividends and
Is entitled to share equally with common In any dividend above 4 % In
any year. V . 80, p. l i l t .
SA L E OF ST O C K , &c.— In June 1003 $6,921,200 ot the outstanding
$11 000.000 common stock was sold to live railroad companies, viz.; The
Pittsburgh Cincinnati Chicago & St. Louis (two-sixths Interest) and Balti
more & Ohio, Chesapeake & Ohio, Lake Shore & Mlcliglan Southern and
Erie (each one-sixth), the owners receiving $103 per share above all ex
penses. The participation certificates Issued therefor were paid at m aturity
June 28 1906, and the stock distributed among the roads.
V . 75, p. 1301,
V . 77, p. 36, 1225; ami form of certificate, V . 77, p. 1874; V . 83, p. 37.
D IV I D E N D S .— On preferred, 1900, 3 ) 4 % ; 1901 to Jan. 1908 ln cl.,4%
ner annum. On common, July 1901 to Jan. 1907 lncl., 3 % per annum;
July 1907. 2 % ; 1908, Jan., 2 % .
B O N D S .— The consols ($20,000,000 authorized) besides a lien on the
entire property, subject only to $5,426,000 prior bonds, have a first lien on
all the coal lands; $5,426,000 consols are reserved to retire the existing bonds
[VOL. LXXXVI.
RAILWAY STOCKS AND BONDS.
64
F o r e x p la n a t io n o f c o lu m n h e a d in g s ,
D a te
of
°t J
R o a d , B on d s.
M ile s
<fcc.,
see n o te s
________
o n f i r s t p a g e o f t a b le s .
HudsonAManhattan— lstM.$1 0 0 .0 0 0 .0 0 0
con vS c*A r
N Y & J e r s e y 1 s t M $ 7 , 0 0 0 , 0 0 0 r e d 1 1 0 ------------- Q . c
H u n t i n g d o n A B r o a d T o p — C o m m o n s t o c k --------------------P r e fe r r e d s t o c k 7 % n o n -c u m u la t lv e
. -------F i r s t M e x t e n d e d I n 1 8 0 0 ( I n t e r e s t o n l y In g o l d ) - O P
S e c o n d M o l d 7 s e x t e n d e d In 1 8 9 5 p & 1 g o l d .
-Q P
T h i r d M c o n s o l e x t e n d e d I n g o l d I n 1 8 0 5 -------- Q V ,CD
14 th
c a r t r u s t $ 2 0 , 0 0 0 y e a r l y D e c 1 ------------- P e P
C a r tr u s t s g o ld d u e a b t $ 1 7 ,0 0 0 s -a n ( V . 8 4 , p . 1 4 2 4 )
I d a h o & W a s h N o r — 1 s t M $ o , 0 0 0 . 0 0 0 g r e d t e x t ------I C
I l l i n o i s C e n t r a l — S t o c k $ 1 2 3 , 5 5 - , 0 0 0 - - . . - ---------------------T p a s c d lin e 4 % s t o c k g u a r a n t e e d (s e e r e m a r k s ) . . .
F i r s t m o r t of) S t e r l i n g b o n d s o l d 6 s e x t e n d I n 1 8 0 5
1 a 7 4 t o r S t e r l i n g b o n d s e x t e n d e d In lO O o —
$15 000 000 4 s o l 1886 d u e 1051 g o l d _ ._ .c * A r
secu res a l l 3 K s o f 1 88 6. d u e 1051 g o l d ..c * A r
e a u a lly
u i 3s o f 1805 d u e 1051 g o ld
-c * A r
equa y o f 1 9 0 3 ti u e 1 0 5 1 g o l d . - . c * A r
T V n s t b o n d s s t e r l i n g ( s e c b y C b S t L A N O c o n s ) - 11 s
ls t M S n D Iv ref M
V 6 6 . p 1 2 3 7 ) g o l d . _ U s .x c * A r
k i n k A S W 1st M O t t o t o N o r m a n J u n e A b r
r
C o l l a t e r a l t r u s t b o n d s g o l d $ ............... - - - — H s , c .
C a ir o B r id g e b o n d s g o ld (s e e r e m a r k s ) . . . U s .c A r
C o ll t r u s t $ 2 5 ,0 0 0 ,0 0 0 g o ld o n L N O & T . _ U s . c & r
W e s t e r n lin e s fir s t m o r t g a g e g o l d
- ..- - - U s .c &r
S t L o u is D lv A T e r m M $ 1 0 ,0 0 0 ,0 0 0 g o l d . U s x c * A r
do
$ 5 ,0 0 0 , 0 0 0 ( S e e V 6 5 , o 1 1 7 3 1 g . . U s . x c * A r
L o u is v ille D lv & T e r m M $ 2 5 ,0 0 0 ,0 0 0 g . . U s .x c * A r
S t C b L A N O c o n s M ($ 1 8 ,0 0 0 ,0 0 0 ) g ln t g u . . c * A r
do
g u a r a n te e d p r in c ip a l a n d I n te re s t- - - - - - M e m p h is D lv 1 st M g o ld g u a r p A 1 (e n d ) - - - U s .c
O m a h a D i v i s i o n 1 s t M g o l d $ 5 ,0 0 0 ,0 0 0 . . . U s . c & r
L it c h fie ld D iv is io n 1 st M g o ld $ 4 , 0 0 0 ,0 0 0 .. . . . F . c
P u r c h a s e d lin e s 1 st M $ 2 0 ,0 0 0 ,0 0 0 g o l d . - - U s . c A r
U n d e r ly in g S t L ) B e lle v u e A C a r o n d e le t 1 st M . - c
D lv ,A T e r m in a l)B e lle v u e A E l D o r 1 st M — - - - c
M ortg a g e
lS t L o u is S o u t h e r n 1 st M g . - M e . c
) G a rb A S h a w 1st M g o ld - - - - - - c
I n a d d it io n $ 5 ,2 6 6 .0 0 0 c o n s o l 5s a r e p le d g e d t o s
706
S i t e , or
Par
V a lu e .
S e e S u n d a y C r e e k C o . ( w n lc n o p e r a t e s s a id p r o p e r t ie s ) u n d e r
I n d u s t r ia ls .”
L A T E S T E A R N I N G S .— F o r 8 m o n t h s e n d in g l e o . 2 8 .
k M o n th s
G ro ss
N et.
O th . I n c .
C h a rges.
B a la n c e ,
1007 08
$4 306 460
$ 1 ,2 1 4 ,8 3 0
$ 7 1 1 ,2 4 0
$ 6 2 7 ,2 1 3
$ 1 ,2 9 8 ,8 5 7
............ 4 : 5 2 4 7 7 6
1 .4 0 ^ 2 7
2 3 9 .1 7 0
5 0 7 ,2 0 2
1 ,1 3 5 7 9 5
1008=07
A N N U A L R E P O R T . — T r a ffic Is m o s tly fre ig h t, a n d o v e r 62 % o f this Is
bltu n d n om ^ coa l . A v e r a g e tra in -lo a d Is l a r g e - l n i 1007. 625 tons.
R e p o rt fo r y e a r e n d in g J u n e 30 1007 J n V j M . P- W o^ O B .*
1903-04.
$5,725,483
G ross earnings
______ $ 6 ,9 0 7 ,0 4 8
$ 6 ,4 3 9 ,8 0 9
$ 6,013,214
$
1 ,872,863
N e t c a r n ^ g s a fte r t a x e s . $ 2 ,1 0 7 ,2 3 7
$ 2 ,2 5 8 ,0 3 5
$ 1 ,9 4 5 ,3 1 3
550,901
O th er I n c o m e ....................
4 4 5 .4 3 8
3 0 0 ,1 2 3
3 8 2 ,2 3 1
$ 2 ,5 6 7 ,1 5 8
$88 3,48 0
(4 )6 0 0 ,0 0 0
(3 )3 3 0 .0 0 0
$2,327,544
$800,603
(4)6 0 0 ,0 0 0
(3 )3 3 0 ,0 0 0
$ 2 ,423,764
$1,018,971
(4 )5 7 0 ,2 0 0
(3 )3 3 0 ,0 0 0
-------------
B a la n c e v e a r ’ s s u r p
$ 3 2 2 ,0 5 8
$ 7 5 3 ,6 7 8
$ 4 0 7 ,8 5 1
$ 5 0 4 ,5 9 3
O F F T C E RS\ — P r e s ., N . M o n s a r r a t, C o lu m b u s ; S e c . a n a I r c a s ., W . N .
C’ n l n m h u s * A s s t S e c a n d T r e a s . , A . H . G l l l a r d , N e w \ o r k .
n i R P O T O R S - C h a rle s B A le x a n d e r , R . M . G a lla w a y , H . R . W ils o n
J a m ^ ' l ^ ' F S y 1^ o i e v e i ? n d : 0 ? / w f ^ u i v t I n g t o E L 0N : M o r is a r r a t ', S . ^ . ° B u s h !
W
f
^
t
e
r
m
i
n
a
l
lin e
In a n d a r o u n d H o u s t o n . T e x . . 2 0 m i l e s , w i t h l a r g e p a s s e n g e r t e r m i n a l s .
P n if t r o iw i b v fo u r p r o p r ie t a r y r o a d s , v i z .. C o l. S o u t h e r n , N e w O rle a n s A
P a c i f i c ( S t L o 'd s & S a n F r a n c i s c o ) . T r i n i t y & B r a z o s V a l l e y ( C o l . S o u t h
ern ) S t I o u ls B r o w n s v ille & M e x ic o a n d G u lf C o lo r a d o A S a n ta F e (A t c h l5 m sy stem ?.
I n F e t ? 1 90 8 c o n s t r u c tio n w a s a b o u t to b e g in .
V . 86. p. 285.
I n c o r p o r a t e d A o r . 31 1 9 0 5 w it h $ 2 5 ,0 0 0 (n o m in a l) s t o c k .
T h e 5s o f 1907
( $ 5 ,0 0 0 ,0 0 0 a u t h . Issu e) a r e s u b j e c t t o c a ll a t 1 0 5 a ft e r J u ly 1 1 9 1 7 .— ( V . 8 5 ,
p ‘ H o u s t o n ' s B R A Z O S V A L L E Y R R .— O w n s A n c h o r to V e la s c o , T e x a s ,
?n m ile s
T o h e e x t e n d e d f r o m A n c h o r a b o u t 1 0 0 m ile s , w lt h b r a n c h t o
H ou ston
2o
M.t.s
(! n
c t b y I*
F . Y o a k u m o f S t . L o u is A S a n
F r a n c is c o " R R .
and
a s s o c ia t e s .
In corp ora ted
A p r il
1007.
S tock ,
$120 000
T e x a s R R . C o m m . In S e p t . 1 0 0 7 a p p r o v e d I s s u e o f $ 2 , 0 0 0 , 0 0 0
bonds
Y e a r 1 9 0 5 - 0 6 , g r o s s , $ 3 3 , 2 4 1 ; n e t , $ 1 , 2 0 4 . — ( V . 8->. p . 7 0 3 . )
H O U S T O N E A S T A W E S T T E X A S R Y . - ( S e e M a p o f S o u th e r n P a c if i c .)
O w n s fr o m H o u s t o n . T e x a s , t o S a b in e R iv e r a t L o g a n s p o r t (o n H o u s to n
& S h r e v e p o r t R R . ) , 191 m ile s .
R e o r g a n i z e d In 1 8 0 6 w i t h o u t f o r e c l o s u r e .
S t o c k $1 9 2 0 0 0 0 , o f w h i c h $ 1 , 9 1 8 , 2 0 0 o w n e d b y S o . P a c . C o . , w h i c h h a s
I v W
1 5 % f »d
r V ls' V w u ^ V » r o ^ * | ? . 3 6 l ? 4 7 3 ’:
in c o m e $ 5 2 0 6 4 9 : c h a r g e s , $ 1 7 7 ,1 7 3 ; b a l . , s u r . , $ 3 5 2 ,4 7 6 — ( V . 7 8 , p . 2 3 8 4 .)
H O U S T O N & T E X A S C E N T R A L R A 1 L R O A D . — ( S e e M a p o f S o u th e r n
P a c if i c .) — O w n s f r o m H o u s t o n , T e x a s , t o D e n i s o n , T e x a s , 3 3 8 m i l e s : H e m p
s t e a d , T e x a s , t o L la n o , T e x a s , v ia A u s t in , 2 1 5 m ile s ;
B rcm on d to R oss,
T e x a s , 5 5 m . ; G a r r c c t t o F t . W o r t h , 5 3 m . ; M e x l a t o t N e lle v a , 0 4 n ) . ; o t h e r ,
3 4 m ,: t o t a l .’ 7 8 0 m ile s .
„
.
,
,,
H I S T O R Y ___S u c c e s s o r A p r i l 11 1 8 0 3 t o a r a ilw a y c o m p a n y f o r e c l o s e d
SepHt ! O T 8 Y ' Y ? e UoCS z a t l o Pn p l a n . V . 4 5 p . 7 0 2 8 2 0
d n A u g 22 1001
m e r g e d A u s tin & N o r t h w e s t , e t c .
L it ig a t io n , V . 7 4 . p . 6 8 0 , V . 8 1 . p . 7 7 7 .
B O N D S .— T h e b o n d s a re b e in g g r a d u a lly r e d u c e d w ith p r o c e e d s o f la n d
* a 1p s
T h e fi r s t m o rta a oe w a s f o r $ 8 , 6 3 4 , 0 0 0 , o f w h i c h $ 5 7 0 , 0 0 0 r e s e r v e d
a g a in s t c l a J m o f s
W
S
u p o n 7 5 m ile s .
T h o jir sW
bonds and
t h e c o n r o lid a te d m o r tg a g e b o n d s m a y b e .
?
p r o c e e d s o f la n d s a le s .
S e e f u l l a bstra cts o f a l l t h e m o r t g a g e s I n V , o 2 , p .
?4 2 .
O f t h e $ 5 ,0 6 8 ,0 0 0 c o n s o li d a t e d 6 s a u t h o r iz e d $ 1 A 4 9 ,0 0 0 (n o t In r i n d e d In t h e a m o u n t o u t s t a n d i n g a b o v e ) a r e h e l d a s p a r t s e c u r i t y f o r t h e
g en era l 4s.
T h e r e w e r e a ls o J u n e 3 0 1 9 0 ^ $ 4 5 0 ,0 0 0 L a m p a s a s e x t e n s io n
ln S T O C K - ^ t o c k 5 $ lO7 0^ 0U0 0 0 rnofP w h lflcCh Ct h e S o u t h e r n P a c i f i c C o . o w n e d
$9?9T98 8 0 0 . p a r ? $ 1 0 0 . V . 7 6 : p . * 1 0 8 4 , 1 1 9 2 , 1 4 0 7 I n 1 0 0 2 - 0 3 a d i v i d e n d
° f I Z nV I
an d con
s o l ld a t e d m o r t g a g e b o n d s c o n s is t e d o f 3 8 7 ,4 4 o a c ie s , la n d c o n t r a c t s o u t
s t a n d in g w e r e $ 2 ,7 7 0 ,0 4 5 .
V . 65, p . 860.
E A R N I N G S .— Y e a r 1 0 0 6 -0 7 . g r o s s , $ 6 ,7 3 5 ,5 7 0
n e t , $ 2 0 9 3 .>18 o t h e r
I n c o m e , $ 3 ,4 2 8 ; c h a r g e s , $ 7 6 4 ,2 7 3 ; b a l . , s u r ., $ l ,3 3 2 ,6 7 3 .— ( V . 8 3 , p . lo 2 4 ,
V . 84 p . 7 4 9 ’ V . 8 5 . p . 7 9 3 , 1 6 4 5 ; V . 8 6 , P . o O o .’
H U D S O N & M A N H A T T A N R R . - —( S e e M a p . ) — O w n s d o u b l e - t u b e t u n n e l
r o m ^ t h - NA v e n u e Na n d O h r . s t o p h e r S t r s c A N e w Y o r k
u n d e r th e H u d s o n
R i v e r , t o t h e D e la w a r e L a c k a w a n n a & V V es tern s t a t i o n , H o b o k e n , N
J.
E x t e n s io n s a r e t o b e b u ilt u n d e r S ix t h A v e .. N e w \ o r k , t o 3 3 d S t ., w ith a
s p u r u n d e r O th S t . t o 4 t h A v e .
T h e p o r t io n o f t h e sy ste m R o m
1 4 th
S t . a n d S ix t h A v e .. N e w Y o r k , t o H o b o k e n , a b t . 3 m ., w a s o p e n e d o n F e b .2 6
1008.
V . 8 6 . p .4 8 0 .
A d o u b l e - t u b e t u n n e l Is a l s o u n d e r c o n s t r u e t l o n
f r o m a c o n n e c t i o n w i t h t h e E r i e a n d P e n n s y l v a n i a R R . s t a t i o n s In J e r s e y
C it y u n d e r t h e H u d s o n R i v e r t o C o r t la n d t , D e y a n il C h u r c h s t r e e t s . N e w
Y ork.
A c o n n e c t i n g l i n e b e t w e e n t h e t u n n e l s I n N o w J e r s e y Is t o b e b u i l t .
C a r s w ill r u n o v e r P e n n s y l v a n i a r i g h t o f w a y t o N e w a r k u n d e r 5 0 0 - y c a r c o n
t r a c t ’ a ls o h a s a g r e e m e n t w ith P u b lic S e r v ic e C o r p . fo r tr a n s fe r o f p a s s e n tr c r s .’ & C.
V . 82. p . 986: V . 8 6 , p . 285.
,
„
t
E l e c t r i c p o w e r Is u s e d
w it h t r a in s o
th e N e w Y o r k s u b w a y t y p e .
I n c o r p o r a t e d u n d e r t h e la w s o f N e w Y o r k a n d N e w J e r s e y . V . 8 2 . p . 8 0 4 .
S T O C K — C o m m o n . $ 4 0 , 0 0 0 , 0 0 0 , a ll o u t ; 5 % n o n - c u m . p r e f . . w i t h p r e f e r
e n c e a * w a s t o a s s e t s .a n d c o n v e r t ib le a ft e r J u ly 1 t o i l In to c o m m o n s t o c k
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R a le
%
4M g
1907
$.£ o r f r . $ 5 1 , 0 0 0 , 0 0 0
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1902
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1 ,3 7 1 ,7 5 0 S e e t e x t .
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1907
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1854
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1907
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5
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500 A c
1888
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500 A c
1892
5 ,4 2 5 ,0 0 0
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(th e la tter m a y b e e x t e n d e d a t m a t u r it y ).
V . 7 2 , p . 338; V . 7 4 . p .
1038: V . 8 6 , p. 2 2 s ). S u b s ta n tia lly all o f th e b o n d s and s to c k o f the
O h io L a n d A R y . C o. a n d the W e lls to n & J a c k s o n B elt R y .. 18 m iles, are
dep osited u nd er said m o r tg a g e . V 6 8 . p . 82 3 . G uarantees K an a w h a &
H o ck in g C oal & C ok e C o . b o n d s.
V . 7 4 , p . 271, V . 7 7 , p. 2303, V . 8 1 ,
D 507^*V . 8 1 , p . 7 8 1; a l s o C on tin e n ta l C oal C o . b o n d s .
V . 7 5 , p . 49 7 , 087
T o t a l a v a i l a b l e I n c o m e $ 3 > 3 4 2 ,6 7 5
F i x e d c h a r g e s , A c _________
$ 8 1 o ,1 8 8
D iv id e n d s o n p r e fe r r e d - (4 )0 0 0 ,0 0 0
D iv id e n d s o n c o m m o n - (3 H ) 3 8 5 ,0 0 0
I m p r o v e m e n t s , A c ------------5 2 0 ,4 2 0
B on d s— P r l n c i - p a l. W h e n D u e .
I N 'rE R E S T C
R A IL R O A D S .
W h e re P a y a b le , a n d b y
W hom .
W h en
P a y a b le.
S to c k s — L a s t
D iv id e n d .
F eb 1 1057
f Feb 1 1032
&
t Jan 2 8 . 0 4 . 1 94
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do
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une 15 1051
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S Of 1886
a t 110, a u th o rize d Issue $ 1 0 ,0 0 0 ,0 0 0 : o u ts ta n d in g $ 5 ,2 5 0 ,0 0 0 .
$ 5 7 ,0 0 0 ,0 0 0 ,
In c o n n e c t i o n
P a r $100.
w ith $ 4 0 , 0 0 0 .
000 c o m m o n and $5,250,000 pref. s to c k w ill be Issued cm
p ro p o s e d tu n n els, s ta tio n s, pow er house, e re ctio n 2 * b u ild in gs a t th e C hurch
S t. term inals In N ew Y o r k . and retirem en t o f $ 5 ,0 0 0 , 0 0 0 N . Y . and Jersey
b o n d s redeem able at 110.
T h e rem ain in g $4 3 ,0 0 0 ,0 0 0 b o n d s and
$ 4 ,7 5 0 , 0 0 0 pref. s to c k are reserved for fu tu re pu rp oses.
.
O f m e 4 1- s I s s u e d a s a b o v e s t a t e d , $ 2 2 , 3 0 0 , 0 0 0 a r e d e p o s i t e d a s c o l l a t e r a l
f o r $ 1 5 , 0 0 0 , 0 0 0 H u d s o n C o m p a n i e s $ 1 , 0 0 0 ( c . & r . ) , s e c u r e d J* /0 ? ° 1 £ o t e a
d a t e d F e b . 1 1 0 0 8 a n d d u e A u g . 1 1 0 1 0 ( I n t e r e s t F . A A •L ^ ’ J ' ^ rA T , rru *J
C o ., N . Y . , t r u s te e ).
T h e n o t e s a r e s u b j e c t t o c a l l o n a n y J '1
L !,a
T h e b o n d s w ill b e c o n v e r t i b l e o n a n y I n t e r e s t d a y a f t e r
.
p a r I n to c o m m o n s t o c k a t $ 1 1 0 p e r s h a r e w lJ b ^ " Y ^ o ^ o o o ^ a t ^ n r c s m i t
b o n d h o l d e r s w h e n c o m m o n s t o c k , ln a d d i t i o n t o t h e $ 4 0 , 0 0 0 , 0 0 0 a t p r e s e n t
a u t h o r i z e d a n d t h e f u r t h e r a m o u n t n e c e s s a r y t o c o n v e r t t h e , b o n d s , is i s s u e d .
O F F I C E R S — P r e s .,W . G . M c A d o o ;
V ic e -P r e s . F r e d k
U . J e n n in g s .
S e c . a n d T r e a s .. C
W .
K in g .
O f f i c e , 1 1 1 B 'w a y . N . Y . — ( V . 8 4 .
1 1 1 3 , 1 2 4 7 ; V . 8 5 . p . 1 0 0 5 , 1 4 6 1 ; V . 8 6 , p . b 2 , 2H o. ^ 0 - * ^ 7 ’ ) n _ _ a .
H U N T IN G D O N & B R O A D T O P AIT. R R - * , COAvl2 „n ih M
i^ lle ?
H u n t i n g d o n . P a . , t o M o u n t D a l la s , P a . , 4 6 m ile s ,
b r a n c h e s . 2 2 m ile s .
D I V . — '9 6 . '0 7 . '0 8 . '0 9 . '0 0 . '0 1 . '0 2 . '0 3 . ’ 0 4 . '0 5 . 0 6 . 0 7 .
1008.
On c o m -- 4
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6
5
7
5
6
7
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5 H '7 H 7
a “ •• 3 H
AN N U AL
1907
R E P O R T .— R e p o r t t o r W M
.................. - .................$ 8 8 4 , 6 8 8
$ 3 1 7 ,3 6 0
B a la n c e .
$ 1 0 6 ,1 0 0
$ 1 4 0 ,0 0 0
lijs
1 9 0 6 ......................................... 8 4 1 , 3 4 9
3 1 2 ,3 0 5
s R 15n 4 2 0 1
B 6’ 115
— (V . 8 2 , p . 986
1207: V . 8 4 . n . 3 3 3 . 1 4 2 4 , 1 5 o l.
’
I B E R I A & V E R .M I L I O N R R . — S a l t M i n e J “ n ° ’ ^
9
Louisiana! *
m ile s .
S t o c k , $ 3 0 0 , 0 0 0 . o f w h i c h $ 2 9 .> ,5 ()0 o w n e d b y M “ ^ n ^ ™ i s l a n a &
T e x a s U H . & S S C o . (S o . P a c .) .
B o n d s , $ 3 2 2 ,0 0 0 fir s t .m o r t g a g e 5 s , d u e
A u g . 19 3 .
Y e a r 1 9 0 6 -0 7 , g r o s s , $ 7 0 ,7 4 1 ; n e t , $ 1 6 ,J 4 i . o u i e i in c o m e ,
$ 7 ,5 8 1 ; c h a r g e s , $ 1 6 ,1 0 0 ; b a la n c e , s u r p lu s , $ 7 ,» J J I D A H O & W A S H I N G T O N NOR T H ER N R R '— O w o s fr o m M c G u ir e s S t a
t io n , I d a . , n o r t h e r ly t o N e w p o r t , W a s h ., 51 “
( ° P t j f p P e n d ' d ' O r c 1 1l c R i v e r
C la g s to n e b r a n c h , 6 m .
E x t e n s io n p r o p o s e d d o w n t h e P e t ld ^ O r e B le R i v e r
t o t h e B r it is h C o lu m b ia lin e .
C o n t r o l s P e n d “ . ° (™ J 1S 0 f)V v * y N a v ; 1^ '
S tock
a u th o r iz e d ,
$ 5 ,0 0 0 ,0 0 0 ;
o u ts ta n d in g .
$ 1 ,0 7 8 « o o ,
par
m o o
B o n d s a re s u b je c t to c a ll, a n y o r a ll, a t 107 H
R o m M a y 1 1912 to M ay 1
1 9 1 7 . a n d t h e r e a fte r a t 1 05 .
V . 85. p. 1339.
P ros, a n
ir e a s ., 1 . A .
B la c k w e ll.
O f f i c e . C o e u r d ’ A l e n e , I d a h o . — ( V . 8.> , p . i . t .
■»
I L L I N O I S C E N T R A L R R — (S e e
c a g o . 111., s o u t h e r l y t o N e w O r l e a n s . L a . . 9 1 2
C i t y . l a . . 5 0 9 m ile s , w it h n u m e r o u s
1
Roadownedinfee,
Miles.
^ d ’w e s t e r ly T ^ S lo u x
w h teh s w )
•>
t0 G re n a d a . M is s .
100
C h ica go t o C a iro, 111___1
706 Y a z o o & M i s s i s s i p p i V a l . R R . ,
C cn tralia, 111., t o E a st)M a in
M e m p h is t o N . 6 . a n d b r s . . . 1 , 2 3 9
D u b u q u e , l a .............. .J s t e m .
D u b u q u e & S io u x C it y * _________
730 S t . L o u i s A l t o n & T e r r e H a u t e . 2 3 9
v
S pringfield t o E ast S t. L ou is,
111. ( V . 7 1 , p . 5 4 7 ) ...........................
P e o r i a , 111., t o E v a n s v i l l e , I n d . ,
w i t h 6 - m l l e b r a n c h _______________
L e a s e d — C o n tr o l m a n ed .
C h ica go S t, L .
& N. O. R R .
C a i r o , 111., t o N e w O r l e a n s ____
L i n e t o L o u i s v i l l e , & c ________ 1
(C .O .& S .V V . and b r a n c h e s ))
E v a n sv . L ine (O h io V a l. R R ) . .
Entire stock owned.
860
Operatedundercontract
T e n n e s s e e C e n tr a l (s e e b e lo w ) . .
8o
251
Trackage—T o T h e b e s ............ .. ...........0
98
547
B r a n c h e s -------- - —
T o t a l s y s te m J u n e 30 1 0 0 7 ..5 ,6 1 7
O f w h ic h e a r n s , k e p t s e p a r a t e —
Y a z o o & M i s s . V a l . R R ................... 1 , 2 3 9
R e m a i n d e r I n c l u d e d In e a r n i n g s J u n e 3 0 1007
---------
H I S T O R Y . L E A S E S . A c .— C hartered In D e c. l8 o 0 . Th e, c o m p a n y p a y s
t o th e S tate o f Illinois 7 % (ln 1907 $ 1 ,222.472) o f gross o U h e ^
rn. ow n ed
ln fee y e a rly ln lieu o f ta xes. T h e C h ica go S t. L . « N.
. .
o r 400
years fro m J u ly 1 1882 at 4 % per ann um
K d ep osited
t o secu re th e l e a s e d l i n e s t o c k . T a x s u it,
T h e e n tir e $ 5 ,0 0 0 ,0 0 0 c a p it a l s t o c k o f th e
^ , , L n ,d
Viv I'1, H 1 I r i r r l n if ii i in 1 9 0 7
n rl w i l l h e t u r n e d o v e r t o t-lie* I l l i n o i s G c n t r a l .
T h i s i v l li a d d 1 , 9 1 4 m i l e s t o t h e s y s t e m , a f f o r d i n g a . c o n n e c t i o n ^ a t B i r m i n g
h a m , A l a ., a n d a n o u tle t to th e A t la n t ic a t S a v a n n a h , G a .
v - ^ f), p . 6 6 8 .
I n d l a n a p . S o u t h ’ n R y . , I n d i a n a p o l i s , I n d . , t o l j f f 'n t , h a m
I I I . , 1 7 7 m . . Is
o w n e d b u t s e p a r a tc lv o n e r
V . 7 8 , p . 2 4 4 2 ; V . 7 1), p . 7 3 3 , *)6 8 , V . 8 .>, p . 7 1 )8 .
In J u ly 1905 an o o t lo n fo r 3 ye a rs fo r p urchase o f m a jo rity o f s to c k an d
b o n d s o f the T e n n . C entral and
S ou th
ern R y ., w as o b ta in e d , the 111. C en t, on D e c. ^ ' V i kHJ?t^,ov.crr oll c „ ° v ? 5 s "
tlo n o f the p o rtio n fro m N ashville to H o p k in s v ille , K y .. 85 m . V . 8 1 , p .1 7 ^ 3 .
A n e x t e n s i o n f r o m J a c k s o n , T e n n . , t o B i r m i n g h a m , A l a . , 2 1 9 m i l e s , w as
c o m p l e t e d F e b . 1 0 0 8 , o f w h i c h C o r i n t h , M i s s . , t 0 . (l I.(a ' CJl Y ', l e > A
Is o w n e d ; r e m a i n d e r b e i n g t r a c k a g e .
V . 8 3 , p . 8 .)(s.
V . 8 3 , p. 897; V . 8 n,
p. 654, 798; V . 8 6 , p. 603, 081.
T h e B a ton R o u g e H a m m o n d & E a stern ,
B a t o n R o u g e t o C o v i n g t o n , L a . . 6 7 m i l e s , Is o p e r a t e d u n d e r l e a s e s i n c e F e b .
24 1 9 0 8 a s a p a r t o f th e Y a z o o V a lle y lin e s .
,,
.
C A P I T A L S T O C K .— T h e le a s e d l i n e s t o c k Is secured b y d e p o s it o f $ 1 0 ,
000 .000 C h ica go S t. I.ou ls A N ew O rleans s to c k .
(V . 65, p . 1071.)
E a rly ln 1901 th e s to c k w as Increased fro m $ 6 0 ,000 ,00 0 t o $®6 ,9®®’ ? 0? ■
In N o v . 1901 to $ 7 9 ,2 0 0 ,0 0 0 , an d ln A u g . 1902 w as fu rth er Increased to
$ 0 5 ,0 4 0 ,0 0 0 . to p r o v id e a d d it io n a l e q u ip m e n t a n d fa c ilit ie s .
S t o c k h o l d e r * a r e t o v o t e M a v 18 1 9 0 8 o n I n c r e a s i n g t h o s t o c k R o m $ l).> .0 4 0 ,0 0 0
t o $ 1 2 3 ,5 5 2 ,0 0 0 . o n e h a lf o f t h e n e w s t o c k t o b e o f f e r e d a t p a r ^ to
s t o c k h o ld e r s o f r e c o r d M a y 2 8 , p a y a b le 5 0 % J u ly 7 a n d 5 0 % S e p t . 17 1 9 0 8 ,
o r o p t i o n a l l y In f u l l J u l y 7 , r a i s i n g t h e a m o u n t o u t s t a n d i n g t o
,V '
th e r e m a in in g $ 1 4 ,2 5 6 ,0 0 0 . o r c o n v e r t ib le b o n d s a g a in s t t h o s a m e , t o dc
r e s e r v e d f o r Issu e w h e n r e q u i r e d .
V . 8 6 , P -9 8 1 .
U n i o n P a c i f i c I n 1 9 0 6 a c q u i r e d $ 2 8 , 1 2 3 , 1 0 0 o f t i l e s to c k .
V . 84, p . o i ,
102, 570; V. 8 6 , p . 480.
.
. _
. Qn.
D IV S . 1 *87. ’ 88. '8 9 . ’ 00. ’ 9 1 -’ 99. '0 0 .
C o m . s t k .f 7
7
5 H 6 S3 5 ye a rly 5 H
01-S ep . 04. « 5 to 07.
190 5.
6 y e a rly
7 ye a rly M c h .,3 H
6 (i
R A IL R O A D S .
IN T E R E S T
F o r e x p l a n a t i o n o f c o lu m n h e a d in g s , A c . , se e n o te s
o n f i r s t p a g e o f ta b le s.
M ile s
D a te
of
of
R oad. B on d s.
S iz e , or
Par
V a lu e .
A m ount
O u ts ta n d in g
Illinois C en tral R R .- — ( C o n c l . ) — I o w a F a l l s & S i o u x C l t y — S e e s t a t e m e n t o f D u b u q u e &
Illin ois S ou th ern — 1 s t M g o l d $ 5 , 0 0 0 , 0 0 0 ............... E C . c *
132
1903
1 ,0 0 0
4 ,4 0 0 ,0 0 0
Illin ois T erm in al — 1 s t M $ 5 0 0 , 0 0 0 g o l d r e d p a r _____ I C T e x t .
1905
4 5 0 ,0 0 0
1 ,0 0 0
Illin o is T u nnel C o — S e e C h i c a g o S u b w a y C o .
In d ia n a Illin ois & Io w a — S e e C h i c a g o I n d i a n a & S o u t h e r n
In d ia n a D eca tu r & W e ste rn — S e e C l n I n d & W e s t e r n
In d ia n a H arbor B e l t — N e w m o r t g a g e $ 2 5 , 0 0 0 , 0 0 0
Q
2 ,5 0 0 ,0 0 0
1907
C h i c H a m & W f i r s t m o r t g a g e g o l d a s s u m e d . c * & r 2 7 '4 8
1897
M i c h C e n t r a l & T e r m 1 s t M a s s u m e d _____ ___
c& r
___
1896
I n d ia n a p o lis & L ou isville — S e e C h i c a g o I n d i a n a p o l i s & L o u ls v t i l e
In d ia n a p olis S o u th — 1 s t M r e d 1 1 0 t e x t g
U s m .c ’ & r
1903
In d ia n a p olis Un— 1 s t M g o l d s f n o t c a l l a b l e
F P .c *
1886
93
G o ld n o t e s p a r t d u e y e a r l y g u a r a n t e e d t e x t
1904
. . .
In te r b o r — M etropol Co — C o m s t o c k $ 1 0 0 , 0 0 0 , 0 0 0 a u t h
P r e f s t o c k 5 % c m ( a ls o p r e f a s t o a sse ts) $ 5 5 ,0 0 0 ,0 0 0 .
C oll t r b o n d s g s e c b y I n t R T r s t o c k
..
c*& r
1906
C o ll tr u s t n o t e s $ 1 5 ,0 0 0 ,0 0 0 g o ld c a ll 1 02
..
M e .c
1907
In te r b o r o u g h R a p id T ra n sit — S t o c k $ 3 5 , 0 0 0 . 0 0 0 _____ T e x t .
N o t e s $ 1 ; > ,0 0 0 , 0 0 0 , t o b e p a i d M a y 1 ____________________
1905
____
N o t e s $ 1 0 , 0 0 0 , 0 0 0 g o l d r e d a t 1 0 1 b e g i n 1 9 0 9 _____ M o
1907
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S e c ., A . G . H a ck sta fT ; T r e a s ., E . T . H . G ib s o n ; G e n . M g r ., F r a n k B .
H a r r lm a n .
G e n e r a l o f f i c e , C h i c a g o , 111.; N . Y . o f f i c e , 1 1 5 B r o a d w a y .
D ir e c t o r s .— W a lt h e r L u t t g e n . J o h n W . A u c h ln c lo s s , J . t . H a r a h a n ,
C h a r l e s M . B e a c h , C o r n e l i u s V a n d e r b i l t , J . O g d e n A r m o u r , E d w a r d 11 H a r
r lm a n , J o h n J a c o b A s t o r , C h a rle s A . P e a b o d y , R . W . G o e le t , J a m e s D e W .
C u t t in g , A . G . H a ck s ta fT , a n d e x - o f f l c l o H o n . C h a rle s S . D e n e e n G o v e r n o r
o f I llin o is . — ( V . 8 6 , p . 2 8 5 , 3 3 7 , 4 2 0 , 4 8 0 , 5 4 7 , 6 0 2 , 6 6 8 , 7 2 0 , 9 8 1 .)
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P r e s ., J . W . W a ls h ; S e c .V a n d T r e a s .. C . F .^ W e l n la n d ; A u d .,
A . F . W illia m s .
O f f i c e , G r a n d C e n t . S t a t i o n , C h i c a g o , 111.— ( V . 8 2 , p . 1 5 8 . )
I LLI NOI S T E R M I N A L R R . — O w n s t e r m in a ls a t A l t o n ,1 1 1 ., a n d r o a d ,
A l t o n t o H a r t f o r d , 111., 6 m i l e s ; H a r t f o r d t o E d w a r d s v l l l e J e t . , 7 . 1 m . ;
le a s e s f r o m W a b a s h R R . , E d w a r d s v l l l e J e t . t o E d w a r d s v l l l e . 1 .6 in . S t o c k ,
$ 5 0 0 ,0 0 0 ; p a r o t s h a r e s , $ 1 0 0 .
B i ll s n a v a b l e J u n e 3 0 1 9 0 7 , $ 2 1 , 5 0 0 .
Y e a r e n d in g J u n e 3 0 1 9 0 7 , g r o s s , $ 1 2 5 ,3 7 3 ’ n e t , $ 5 9 ,6 6 5 ; In te r e s t, t a x e s
* c . . $ 3 5 ,5 5 8 ; b a l ., s u r .. $ 2 4 ,1 0 7 . P r e s ., G e o . M . L e v i s .— ( V . 7 9 , p . 2 2 0 5 .)
I NDI ANA I LL INOIS & I O W A RR. — S e e C h ic . I n d . & S o u th e r n R R .
I N D I A N A H A R B O R B E L T R R .— O w n s W h it in g , I n d ., t o B lu e I s la n d ,
111., 1 4 . 4 m i l e s ; M c C o o k t o F r a n k l i n P a r k , 111., 1 1 .2 m . ; C h a p p e l l t o U n i o n
S t o c k Y d s . , C h i c a g o , 1 0 .8 m . ; S t a t e l i n e t o G r a s s c l l l , I n d . , 4 . 9 m . ; t o t a l
o w n e d , 4 1 .3 m .; o p e r a t e s j o i n t l y C h ic a g o T e r m . T r a n s fe r R R . , B lu e I s la n d .
111., t o M c C o o k , 1 3 . 6 m . ; m l s c . t r a c k a g e , 3 9 . 6 m . ; t o t a l , 9 4 . 6 m .
N ov. 1
1 90 7 a c q u ir e d C h ic . J u n e . R y . , I n c lu d e d a b o v e .
V . 8 5, p . 1270, 1209;
V . 8 6 , p . 108.
S t o c k o u t s t a n d i n g , $ 2 ,4 5 0 ,0 0 0 , a ll o w n e d b y L a k e S h o r e & M ic h . S o u .
a n d M ic h . C e n t ., w h ic h g u a r a n t e e t h e b o n d s .
O f th e b o n d s ($ 2 5 ,0 0 0 ,0 0 0
a u t h o r iz e d Is s u e ), $ 2 ,5 0 0 ,0 0 0 a r e r e s e r v e d t o r e t ir e th e C h ic . H a m . &
, o f;5 t e r l } „ P s a n d 5 7 2 5 , 0 0 0 f o r t h e M i c h . C e n t , a n d T e r m . R R . J o i n t 4 s o f
1 8 .)G .
r h e $ 2 , 5 0 0 , 0 0 0 b o n d s I s s u e d In p a y m e n t o f C l d c . J u n e . R y . b e a r
In te re s t a t 2 % y e a r ly fr o m J u ly 1 1907 fo r 5 y e a r s , th e n 5 % fo r 5 y e a r s , th e n
4 % to m a tu r it y .
V . 8 6 , p . 1 0 8 .— ( V . 8 5 . p . 1 2 7 0 ; V . 8 6 , p . 1 0 8 .)
I N D I A N A P O L I S S O U T H E R N R Y . — S e e S e c . A p r . 1906; V . 84. p. 693.
I N D I A N A P O L I S UNI ON R Y . — O w n s 3 m i l e s o f t r a c k , . 0 3 o f a m i l e o f
r o a d , w it h t e r m i n a l s a t I n d i a n a p o l i s . I n d . . a n d le a s e s f o r 0 9 9 y e a r s t h o B e l t
H U . o f I n d ia n a p o lis — 1 2 ' . in . (w n lc h s e e ) .
C le v . C in c in n a ti C h ic a g o &
S t . L o u is , th e P it t s b u r g h C in c in n a ti C h ic a g o & S t . L o u is a n d th e V a n d a lla
R R . a r e v i r t u a l p r o p r i e t o r s , t h e y h a v i n g I n v e s t e d In It $ 8 6 7 ,9 1 7 t o J u n e 3 0
1906.
N o s t o c k o u ts ta n d in g .
T h e $ 2 4 5 ,0 0 0 4 % n o t e s o f 1 9 0 4 , g u a r . p r ln . a n d I n t . b y P it t s . C ln . C h ic . &
S t . L . a n d C le v e . C ln . C h ic . & S t . L .. m a tu r e S e p t . 1 y e a r ly a s fo llo w s , $ 8 5 0 0 0 In 1 9 0 8 a n d $ 8 0 ,0 0 0 In 1 9 0 9 a n d 1 9 1 0 ; C o m m e r c i a l T r u s t C o . o f P h i l a
d e lp h ia , tru s te e .
V . 80. p. 871.
E A R N I N G S .— 1 9 0 6 -0 7 , g r o s s , $ 1 ,0 1 3 ,8 9 4 ; n e t . $ 3 7 0 ,7 5 0 ; o t h e r In co m e *
$ 1 3 ,1 6 3 ; t o t a l d e d u c t i o n s , $ 2 9 0 ,6 5 4 ; b a l ., s u r ., $ 9 3 ,2 5 0 .— ( V . 8 3 . p . 2 1 3 .)
I N T E R B O R O U O H -M E T R O P O L IT A N CO .— O R G A N I Z A T I O N . — I n c o r
p o r a t e d o n J a n . 24 1906 a s a n a m a lg a m a t io n (p e r p la n V . 8 2 . p . 2 1 7 , 2 8 0 ) o f
th e I n te r b o r o u g h R a p id T ra n s it C o . a n d M e tr o p o lita n S tre e t R y .
In F e b .
1 9 0 7 $ 3 3 ,9 1 2 ,8 0 0 o f t h e $ 3 5 ,0 0 0 ,0 0 0 s t o c k o f t h e I n t e r b . R a p i d T r a n s it C o ..
$ 4 2 ,7 4 0 ,0 0 0 o f th e $ 5 2 ,0 0 0 ,0 0 0 M e t r o p o lit a n S t . R y . s t o c k a n d $ 2 9 ,3 7 3 ,1 0 0
o f t h e $ 3 0 ,0 0 0 ,0 0 0 s t o c k o f t h e M e t r o p o l i t a n S e c u r it i e s C o . , Its h o l d in g
c o m p a n y , h a d b e e n a c q u ir e d .
V . 82, p. 692.
S e e In te r h o r o u g h R a p id
T r a n s i t C o . b e l o w a n d M e t r o p o l i t a n S t . R y . In “ S t r e e t R a i l w a y ” S e c t i o n .
F a v o r a b le d e c is io n , V . 8 5 , p . 0 9 , 6 5 4 .
In S e p t . 1 9 0 7 r e c e iv e r s w e r e a p
p o i n t e d f o r M e t r o . S t r e e t R y . a n d o f Its le s s e e , t h e N e w Y o r k C i t y R y . .
w h o s e s t o c k Is a l l o w n e d b y t h e M e t r o p o l i t a n S e c u r i t i e s C o . , t h e M e t r o p o l i t a n
S tr e e t R y . d iv id e n d s b e in g s u s p e n d e d .
V . 85, p. 793, 864.
I n t e r b o r o u g h R a p i d T r a n s i t C o . , s u b w a y ............................................ 7 2 . 4 8
E l e v a t e d ( M a n h a t t a n R a i l w a y , l e a s e d ) ------------- — - -------------1 1 8 . 0 5
S u r f a c e lin e s o w n e d o r c o n t r o ll e d b y I n t e r b . R a p . I r a n . C o .1 5 4 .0 3
N e w Y o r k C i t y R a i l w a y a n d s u b s i d i a r y c o m p a n i e s -----------------------5 1 9 . 4 6
T ota l
(s in g le
In 1 9 0 6 -0 7 ,
b a l., d e f . ,
m ile
m ile s
m ile s
m ile s
t r a c k ) _______________________________________________________8 6 4 . 0 2 m l l e i
S T O C K . — T h e u n i s s u e d s t o c k Is r e s e r v e d f o r s t o c k s n o t d e p o s i t e d .
T h e p r e f. s t o c k h a s v o t in g p o w e r u p o n d e fa u lt o f p a y m e n t o f d iv id e n d
th ereon .
V . 82, p. 217, 280.
D I V I D E N D S .— D lv . o n p r e f ., 1 M % q u a r ., p a id J u ly 2 1906 to J u ly 1907
In clu s iv e : n o n e s in ce to A p r li 1 9 0 8 .
V . 85, p. 600.
V O T I N G T R U S T . — A l l t h e c o m m o n s t o c k Is d e p o s i t e d u n d e r a v o t i n g
t r u s t a g r e e m e n t t o M c h . 6 1 9 1 1 , s u b j e c t t o t e r m i n a t i o n In t h e d i s c r e
t io n o f th e v o t in g tr u s te e s , v i z ., A u g u s t B e lm o n t , W a lt e r G . O a k m a n ,
T h o m a s F . R y a n , C o r n e liu s V a n d e r b ilt a n d P e t e r A . B . W ld e n e r .
B O N D S .— T h e c o lla t e r a l tr u s t 4 « s o f 1 0 0 6 (W in d s o r T r u s t C o ., N . Y . ,
t r u s t e e ) a r e t o b e s e c u r e d b y p l e d g e o f a ll t h e s t o c k o f t h e I n t e r b o r o u g h
R a p id T r a n s it C o . o r v o t in g tr u s t c e r tific a te s t h e r e fo r as a c q u ir e d a t th e ra te
o f $ 1 , 0 0 0 In b o n d s f o r $ 5 0 0 I n t e r b o r o u g h R a p i d T r a n s i t s t o c k , V . 8 2 , p . 2 8 0 .
A 8 5 0 0 ,0 0 0 5
m t g e . d u e In 19 11 c o v e r s p r o p e r t y In 2 1 8 t h S t .
V. 83, p. 95.
T h e c o lla t e r a l t r u s t 3 -y e a r 5 % n o t e s o f 1 90 7 ($ 1 5 ,0 0 0 ,0 0 0 , a u t h o r iz e d
Issu e) c a n b e Issu ed o n ly p r o r a ta a s t h e c o lla t e r a l m e n t io n e d (V . 8 4 , p .
1 2 4 8 ) In t h e d e e d o f t r u s t . Is d e p o s i t e d .
C o lla t e r a l m a y b e w it h d r a w n o n
d e p o s it o f a n a m o u n t o f ca sh a s fix e d b y th e d e e d o f tru s t o r a d d itio n a l n o te s
o f M e t r o p o lit a n S tr e e t R y .
T h e r e a r c $ 2 ,1 0 0 ,0 0 0 6 % n o te s (e x t e n d e d ) d u e
M a y 1 1 9 0 8 ; o t h e r $ 9 0 0 ,0 0 0 p a id a t m a t u r it y N o v . 1 9 0 7 .
V . 8 5 , p . 1 4 0 1 .> 4
R E P O R T .— R e p o r t o f h o ld in g c o m p a n y fo r ^ y c a r e n d in g D e c . 3 1 S 1 0 0 7
w a s in V . 8 6 , p . 4 7 5 , s h o w i n g : T o t a l r e c e i p t s , $ 4 ,7 5 3 ,5 6 1 ; l i l t . , t a x e s , A c . ,
$ 3 , 3 6 8 , 0 6 9 ; d i v i d e n d o n p r e f . s t o c k (2 y i % ) , $ 1 , 1 4 3 , 5 0 0 ; b a l . , s u r . , $ 2 4 1 , 9 9 2 .
C o m b in e d O p e r a tio n s — I n te r b o r o u g h R a p . T r a n . C o . a n d N .
Y ea r. end. M a rch 3 1 —
1 9 0 6 -0 7 .
G r o s s e a r n i n g s ......................................... $ 4 3 , 3 5 3 , 8 4 1
O p e r a t i n g e x p e n s e s .............................. 2 1 , 8 4 1 , 8 8 4
I L L I N O I S S O U T H E R N R Y .— O w n s S a le m t o B is m a r c k (I n c lu d in g R i v e r
$ 2 1 ,5 1 1 ,9 5 7
T r a n s fe r , 1 m i l e ) , 1 2 2 .8 6 m .; C h e s t e r b r a n c h , M is s o u r i J e t . t o C h e s t e r , 1 0 .7 0
,
1 .1 8 7 .4 6 4
m .
; R o s b o r o u g h b r a n c h , S p a r t a t o R o s b o r o u g h , 5 m .; t o t a l o w n e d , 1 3 8 .5 6 O t h e r I n c o m e m . ; l e a s e s 111. C e n t , t r a c k a g e , B r a n c h J e t . t o I . C . J e t . , 2 .7 5 m . ; t o t a l , 1 4 1 . 3 1
$ 2 2 ,6 9 0 ,4 2 1
m. S u c c e s s o r J u n e 1 1 9 0 0 o f t h e C e n t r a l l a & C h e s t e r R R . , f o r e c l o s e d .
$ 1 7 ,9 5 6 ,5 5 2
V - 70. p
1048; V . 71. p . 29.
S t o c k , c o m . , $ 4 0 0 0 ,0 0 0 ; 6 % c u m . p r e f ..
I n t . ( 4 } $ % ) o n I n t . - M e t . b o n d s ..
3 ,1 5 0 ,0 0 0
$ 1 ,0 0 0 ,0 0 0 ; p a r , $ 1 0 0 , a ll is s u e d .
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M e t r o p . S t . R y . g u a r , d l v s _______.
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f o r I m p r o v e m e n t s a n d e q u l n m e n t In 1 9 0 6 - 0 8 a t n o t o v e r $ 2 0 0 , 0 0 0 y e a r l y .
V . 79, p. 500.
E q u ip , n o t e s , ln c l. I n t ., J u ly 3 0 1 9 0 6 , $ 1 0 5 ,5 9 1 .
.
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R E P O R T . — F o r y e a r e n d i n g J u n e 3 0 1 9 0 5 In V . 8 2 , p . 1 5 8 .
g r o s s , $ 3 4 6 ,1 6 5 ; n e t , $ 1 0 6 ,7 4 0 ; t o t a l d e d u c t i o n s . $ 1 9 6 ,7 4 8 ;
B on d s— P r in c i
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M i l e a g e o f C o m p a n i e s C o m p r i s i n g I n t e r b o r o u g h -M e t r o p o llt a n S i/s t e m .
1906.
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B O N D S . — M a in lin e $ 1 5 ,0 0 0 ,0 0 0 m t g e . o f 1 8 7 4 c o v e r s p r o p e r t y d e s c r ib e d
In V . 6 3 , p . 7 6 .
C a i r o b r id g e b o n d s a r e s e c u r e d b y d e p o s i t o f a lik e a m o u n t
o f C h ic a g o S t . L o u is & N e w O r le a n s 1 st M . C a ir o B r id g e 5 s .
T h e re n ta l fo r
t h e b r i d g e Is $ 1 8 0 , 0 0 0 In g o l d a n n u a l l y , o f w h i c h $ 2 0 , 0 0 0 g o e s t o a s i n k i n g
fu n d .
S e e a d v . In ’ ’ C h r o n i c l e ” M a y 7 1 8 9 2 .
T h e tr u s t b o n d s o f 1 8 8 6 a r e s e c u r e d b y d e p o s it o f $ 5 ,2 6 6 ,0 0 0 C h ic a g o S t . L .
& N . O . c o n s o l s o f ’ 8 1 , a n d a r e t o b e I n c l u d e d In a n y n e w m t g e .
T h e c o lla t e r a l t r u s t b o n d s o f 1 9 5 2 a r e s e c u r e d b y p l e d g e w it h t h e U . S .
T r u s t C o . o f N e w Y o r k o f $ 1 6 ,3 5 0 o c o 5 %
1 st m o r tg a g e g o ld b o n d s o f
s u b s id ia r y r a ilr o a d s c o v e r in g 8 5 4 m ile s .
S e e lis t , V . 5 5 p . 5 5 0 .
T h e $ 2 5 , 0 0 0 , 0 0 0 c o lla t e r a l t r u s t b o n d s o f 1 9 5 3 a r e s e c u r e d b y p l e d g e o f a l l
t h e L o u ls v . N . O . & T e x a s ( n o w Y a z o o & M is s is s ip p i V a ll e y R R . ) , $ 1 6 ,
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a n d a ll b u t $ 9 6 ,0 0 0 o f t h e $ 1 0 ,0 0 0 ,0 u 0 la n d g r a n t I n c o m e s .
S e e a d v . In
" C h r o n i c l e ” J u n e 11 1 8 9 2 . a n d V . 5 4 . p . 9 6 4 ; V . 6 1 , p . 1 1 2 .
T h e C h ic a g o S t . L o u i s A N e w O r le a n s h a v e t h e i r I n t e r e s t g u a r a n t e e d ( b y
e n d o r s e m e n t ) u n t i l t h e p r i n c i p a l Is p a i d .
T h e 3 H s o f 180 7 a re g u a r ., p r in
c ip a l a n d In terest, b y e n d o rs e m e n t— see g u a r a n ty V . 6 5 , p . 1 07 1.
T h e W e s t e r n L i n e s l o a n o f 1 8 9 4 Is f o r $ 1 0 , 0 0 0 , 0 0 0 , b u t $ 4 , 5 7 5 , 0 0 0 D o n d s
c a n b e Issu e d o n l y w h e n t h e r o a d fr o m I o w a F a lls t o S io u x C it y , 1 84 m ile s ,
n o w s u b je c t t o $ 2 ,8 0 0 ,0 0 0 o f I o w a F a lls & S io u x C it y b o n d s (s e e D u b u q u e
* S i o u x C i t y R R . ) d u e In 1 9 1 7 , s h a l l b e t r a n s f e r r e d t o t h e t r u s t e e w i t h o u t
en cu m b ra n ce.
S e e “ S u p p le m e n t ” o f J a n . 1 8 9 9 .
T h e S t. L o u is D iv is io n A T e r m in a l b o n d s a r e f o r $ 1 5 ,0 0 0 ,0 0 0 a u t h o r iz e d ,
o f w h i c h $ 5 ,0 0 0 ,0 0 0 a r e th re e p e r c e n t s ; $ 3 ,5 0 0 ,0 0 0 w e r e I s s u a b le f o r I m
p r o v e m e n t s , e q u ip m e n t , A c ., a n d $ 1 ,4 9 9 ,0 0 0 a r e h e ld t o r e t ir e $ 1 ,4 0 0 ,0 0 0
u n d e r ly in g b o n d s s till o u t s t a n d in g o n th e S t . L o u is A lt o n & T . H . s y s t e m :
see ta b le a b o v e .
S e e a b s t r a c t o f m o r t g a g e In V . 6 6 , p . 1 3 8 .
S e e a ls o V .
6 6 , p . 133; V . 71
p . 546.
L o u is v ille D iv is io n A
T e r m i n a l m t g e . Is f o r $ 2 5 , 0 0 0 , 0 0 0 ; o f t h e b o n d s
$ 1 ,1 1 2 ,0 0 0 w e r e r e s e r v e d t o p u r c h a s e th e 4 6 m . (C e c ilia b r .) fr o m L o u is v ille
A N a s h v ille a n d t o r e tir e th e L . & N . b o n d s t h e r e o n .
C h ic a g o S t . L o u is &
N e w O r le a n s t o o k t it le t o t h e L o u ls v . D l v . a n d J o in e d In m a k in g m t g e . S e e
V . 6 6 , p . 1 3 6 , f o r a b s t r a c t ; a ls o “ S u p p le m e n t ” o f J a n . 1 8 9 9 .
V . 65, p.
367, 516; V . 6 6 , p. 133; V . 67. p . 581; V . 7 5, p . 671.
T h e p u r c h a s e d lin e s 3 H s o f 1 9 0 4 ( $ 2 0 ,0 0 0 ,0 0 0 a u t h o r i z e d ) c o v e r v a r io u s
m i n o r li n e s a c q u i r e d .
O f t h e b o n d s , $ 1 4 ,6 6 2 ,0 0 0 h a v e b e e n Issu e d o n 7 3 4
m . o f s u b s i d i a r y b r a n c h l i n e s p u r c h a s e d , a n d t h e r e m a i n i n g $ 5 , 3 3 8 , 0 0 0 Is
r e s e r v e d t o r e t ir e a t m a t u r it y $ 9 6 8 ,0 0 0 b o n d s o f t h e K a n k a k e e & S o u t h
w e s t e r n d u e 1 92 1 (s e e b o n d t a b le a b o v e ) a n d $ 4 ,3 7 0 ,0 0 0 b o n d s o f th e C h lo .
M a d . & N o r t h . (2 3 1 m . ) , w h ic h a r e p l e d g e d f o r t h e c o l la t e r a l t r u s t 4 s o f
1952.
(S e e V . 7 1 , p . 2 8 8 ; V . 7 0 . p . 1 2 7 3 , 1 6 4 2 , 2 5 8 8 ; V . 8 1 , p . 1 1 0 5 .)
R E P O R T . — A n n u a l m e e t i n g Is h e l d t h e t h i r d
W edn esday
R e p o r t f o r 1 9 0 6 - 0 7 w a s In V . 8 5 , p . 7 8 5 , 7 9 7 ; e d i t o r i a l , p . 7 6 1 .
T h e f o l lo w i n g d o e s n o t I n c lu d e Y a z o o & M is s is s ip p i V a lle y :
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68
[VOL. LXXXYI.
RAILWAY STOCKS AND BONDS.
O F F I C E R S .— P r e s . . T . P . S h o n t s , 1 1 5 B r o a d w a y , N . Y . ; V . - P . , J . B .
M c D o n a l d .— ( V . 8 5 , p . 5 3 0 , 6 0 0 , 7 9 3 , 8 6 4 ; V . 8 6 , p . 2 2 9 , 4 7 5 .)
I N T E R B O R O U a H | R A P I D T R A N S I T C O .— (S e e M a p . ) — I n c o r p o r a t e d
M a y 6 1 9 0 2 I n N . Y . , a n d In 1 9 0 4 b e g a n o p e r a t i n g m u n i c i p a l t u n n e l R R . In
N . Y . C it y , e x t e n d in g , w it h t w o tr a d e s , fr o m B a t t e r y t o C it y H a ll, a n d a s a
f o u r -t r a c k lin e fr o m t h e C it y H a ll (w ith t w o -t r a c k lo o p a t t h a t p o in t ) u n d e r
n e w E lm S t ., F o u r t h a n d P a r k a v e s ., t o 4 2 d S t ., t h e n c e u n d e r 4 2 d S t . a n d
B r o a d w a y t o 1 0 3 d S t . ; a ls o a s t w o - t r a c k li n e s , p a r t l y v i a d u c t , (a ) f r o m 1 0 3 d
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S id e a n d B r o n x P a r k .
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F u lt o n a n d F la t b u s h a v e n u e s t o A t la n t ic A v . , B r o o k ly n , 2 > 4 m ile s , th e r e
c o n n e c t in g w it h th e L o n g Is la n d R R .
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o p e n e d J a n . 1 9 0 8 a n d re m a in d e r to b e a b o u t M a y 1 9 0 8 .
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m ile s o f t r a c k o n 2 5 m ile s o f r o a d ( o f w h ic h 1 9 ^ s u b w a y a n d 5 )4 e le v a t e d )le a s e s . M a n h a t t a n R y . , 1 1 8 m . ; s u r f a c e lin e s o w n e d o r c o n t r o l l e d
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t o t a l, 3 4 4 m ile s .
V . 7 7 , p . 8 2 7 ; V . 8 0 , p . 2 2 2 , 1 9 1 2 ; V . 8 4 , p , 1 3 0 6 - V 85*
p . 6 0 0 , 6 5 4 , 100 5; V . 8 6, p . 108.
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C o r t la n d t P a r k , 1 m ile .
V . 8 2 , p . 6 2 7 , 1268
L e a s e s M a n h a t t a n (E le v a t e d ) R y . fo r 9 9 9 y e a rs fr o m A p r . 1 1 9 0 3 .
See
th a t c o .
H a s a g r e e m e n t w ith N . Y . C it y I n te r b A r o u g h S t . R y . , c o n t r o lle d
b y a l l i e d i n t e r e s t s , w h i c h D roD O ses t o b u il d v a r io u s s u r f a c e r o a d s In B r o n x
B o r o u g h , o f w h ic h 5 m . o p e r a t e d .
V . 8 0, p . 1 17 , 1175
1479- V
82
d
868, 1268.
I n M a r c h 1 9 0 6 $ 1 ,7 8 0 ,0 0 0 o f t h e $ 2 ,0 0 0 ,0 0 0 S u b w a y ’ R e a lt y
s t o c k w a s a c q u ir e d .
V . 82 p . 2 1 8 . 513.
r
& Y ; v - Q ] ! e,ens, C ° u n t y R y - 7 4 m i l e s , a n d ( J o i n t l y w i t h
L o n g M a n d R R . ) t h e N .Y . & L I , T r a c t io n C o . , 5 6 m ile s .
V . 8 0, p . 2621;
V . 83, p . 818A ls o o w n s N . Y . & L o n g Is la n d R R . . w h o s e tu n n e ls fr o m
M a n h a t t a n t o L o n g I s l a n d C i t y w e r e c o m p l e t e d In A u g . 1 9 0 7 , b u t n o t o p e r
a t e d t o A p r . 1 9 0 8 , o w in g to fr a n c h is e d is p u t e ( V . 8 1 , p . 1 4 9 2 ; V . 8 2 , p . 7 5 1 ;
V - 83_- n' A,2 2 £ ’ Y ’ n 4 , P ’ ? ^ 4 8 : V - 8 5 • P - ;* 4 5 , 7 9 3 , 8 6 4 , 1 3 3 9 , 1 5 1 8 ; V . 8 6 ,
PR y - a n d C l t y Is l. R R . S e e s e c u r i t y h o l d i n g s , V . 8 3 , p . l 5 5 .
C O N T R O L .— In D e c . 1 9 0 7 $ 3 3 ,9 1 2 ,5 0 0 o f th e $ 3 5 ,0 0 0 ,0 0 0 s t o c k h a d
b e e n e x c h a n g e d f o r 2 0 0 % In 4 M % c o lla t e r a l t r u s t b o n d s o f t h e I n t e r b o r o u g h
see a b o v e ), secu red b y th e s to c k e x ch a n g e d .
IN T E R O C E A N IC R Y . O P M E X IC O . L T D .— S ee p a g e 169.
IO W A C E N T R A L R Y .— (See M a p .) — O perates P e o r ia . 111., w est t o O sk alo o s a , l a . , th e n ce n o rth e rly t o A lb e r t L e a . M in n ., fo rm in g a th ro u g h llne^
v ia A iln n . &
L,. R R . , f r o m
R e o r l a , 111., t o S c . H a u l , M i n n . , 5 5 8 m i l e s , v i z . :
L e a s e s — (sto c k o w n e d .)
M U es.
O w ns—
M ile s .
I a . C . & W . . B e lm o n d t o A lg o n a . 37
I o w a J e t ., 111., t o M an ly J e t ..
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B ran ch es t o B e lm o n d , 8so_________127 M a n ly J e t .. L a ., t o A lb e r t L e a ,
M in n , ( o w n e d J o in tly )---------. . . . 28H I S T O R Y .— R e o r g a n iz a tio n (b y p la n In V . 4 4 , p . 653) o f th e C en tral
Io w a , so ld In fo re clo su re in 188 7-8 8. I n Ju n e 1900 M in n e a p o lis & S t. L o u is
interests o b ta in e d c o n tr o l th ro u g h p u rch ase o f th e c o m m o n s to c k ; th e t w o
p rop erties are o p e r a te d In clo s e c o n n e c tio n . V . 7 0 , p . 1249.
,
S T O C K .— C o m ., a u t h ., $ 1 1 ,0 0 0 ,0 0 0 ; Issu e d , $ 8 ,5 2 4 ,6 8 3 .
P rcf.
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$ 7 ,4 0 0 ,0 0 0 ; Is s u e d , $ 5 ,6 7 4 ,7 7 1 .
T h e p r e f . Is e n t i t l e d t o 5 % ( n o n - c u m . ) ,
th e n c o m . to 5 , th e n b o th sh a re p ro ra ta .
V . 62, p. 548.
P ar $100.
D I V I D E N D S .— O n p re f. In 1892. 1 % ; 189 9. 3; 1 90 0, I X : n o n e sin ce .
B O N D S .— T h e re fu n d in g 4s o f 1901 are s ecu red b y a m o rtg a g e on th e e n
tire p r o p e r ty n o w o w n e d o r hereafter a c q u ir e d , s u b je c t t o th e $ 7 ,6 5 0 ,0 0 0
first 5s, fo r w h ich a n eq u a l a m o u n t Is reserved . T h e b a la n c e are Issuable
fo r fu tu re e x te n s io n s a t n o t e x c e e d in g $25 ,000 p er m ile , Im p ro v e m e n ts a n d
e q u ip m e n t .
V . 73, p . 899.
I n A p r . 1 9 0 8 $ 3 ,3 2 0 ,0 0 0 w e r e s o ld a n d lis t e d ;
$ 2 ,0 5 0 ,0 0 0 a d d it io n a l w e r e In th e tr e a s u r y .
V . 86, p. 229.
L o a n s a n d b ills
p a y a b le N o v . 3 0 1 9 0 7 , $ 1 ,3 0 0 ,0 0 0 .
E A R N I N G S . — 8 m o s . J 1 9 0 7 - 0 8 _____G r o s s ,
J u ly 1 to F e b . 2 9 .
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A N N U A L R E P O R T . — R e p o r t f o r 1 9 0 6 - 0 7 w a s In V . 8 5 , p . 1 2 0 3 . 1 2 1 6 .
S o f t c o a l t o n n a g e In y e a r 1 9 0 6 - 0 7 w a s 1 ,0 1 9 ,9 2 8 (4 3 % o f t o t a l t o n n a g e ) .
Y e a r e n d in g J u n e 30—
1907.
1906.
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1904.
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n ? I?ih f o r 5 3 5 , 0 0 0 , 0 0 0 a n d I t s l e a s e t o t h e c o m p a n y f o r 5 0
y e a r s . 'r o m c o m p l e t i o n , r e n e w a b l e f o r a n o t h e r 2 5 y e a r s , t h e r e n t a l t o b e
e q u a l t o th e In te re st o n th e c i t y ’s b o n d s Issu ed fo r c o n s t r u c t io n (b u t n o t fo r
e a s e m e n t s , & o .) a n d a s in k in g f u n d o f 1 % y e a r ly t o r e t ir e t h e b o n d s .
See
8 2 ’ P ^ 1157In D e c - 1 9 0 7 $ 5 ,9 3 4 ,7 9 8 w a s a llo w e d f o r e x t r a
c o n s tr u c tio n ,
v . 85, p. 1461.
T h e c o m p a n y a ls o a t Its o w n e x p e n s e p r o v ld e d th e e le c t r ic a l e q u ip m e n t (c o s t in g a b o u t $ 2 5 ,0 0 0 ,0 0 0 ; se e V . 8 2 , p .
— (V .
? p n ,t,r a c ^ ,s c c Y * ,6 9 > , p
10°3 .
T h e e x t e n s io n fr o m C it y H a ll,
• A n n n n n n t 0 ‘ i > 'o ° k l y n , is b u i l t w i t h o u t a i d f r o m t h e c i t y e x c e p t a b o u t
$ 4 ,0 0 0 ,0 0 0 a n d le a s e d f o r 3 5 y e a r s w it h p r lv l le g e fo f r e n e w a l f o r 2 5 y e a r s .
V . 8 6 . P . 196; V . 7 5 , p. 1S4, 10S 6, 1202.
See V . 7 6. p . 101, 1234.
I n O c t 1 0 0 7 $ 5 0 ,3 9 4 ,0 5 0 c i t y b o n d s h a d b e e n Is s u e d , o f w h ic h $ 4 3 ,7 0 0 ,0 0 0
a r c 3 J4s , $ 1 ,1 6 6 ,0 5 0 3 H s , $ 1 ,5 0 0 ,0 0 0 3 s , $ 2 ,0 2 8 ,0 0 0 4 s a n d $ 2 ,0 0 0 ,0 0 0 4 J^ s,
a n d in F e b . 1 9 0 8 $ 2 ,5 0 0 ,0 0 0 a d d it io n a l 4 M s w e r e s o ld .
5 N a ss a u S t ., N e w Y o r k ; V .- P ., G e o r g e H . M y e rs ; S e c . a n d T r e a s ., W m . M .
B r is t o l .— ( V . 8 5 , p . 1 4 6 2 , 1 6 4 6 .)
m £ . IV TI D E l V D -— J , d y 1 9 0 4 - 2 % : J a n - 1 9 0 5 • 3 ; A p r i l , 1 H : J u l y , 2 ; O c t . , 2 ;
1 9 0 6 , J a n ., 2 ; A p r il, 2 ; J u ly , 2 )4 : O c t . , 2 M : 1 90 7 t o A p r l 1 9 0 8 , 9 % y ’ly ( Q - J ) .
B O N D S A N D N O T E S .— T h e s t o c k h o ld e r s M a rc h 2 8 1 9 0 8 a u th o r iz e d a
m t g e . to s e c u r e n o t e x c e e d in g $ 5 5 ,0 0 0 ,0 0 0 o f 4 5 -y e a r b o n d s .d a t e d N o v .i l
1 9 0 7 , w ith ln t . a t a r a t e t o b e fix e d fr o m t im e t o t lm z , s u b je c t t o p u r c h a s e
a t 1 1 0 a n d ln t . b y a y e a r ly s in k , fu n d o f $ 3 0 0 ,0 0 0 , b e g in n in g N o v . 1 1 9 1 0 ,
a n d a ls o s u b j e c t t o c a ll o n a n y ln t . d a y a t t h e s a m e p r i c e In a m o u n t s n o t
le s s t h a n $ i , 0 0 0 ,0 0 0 .
T h e p r o c e e d s w ill b e u s e d t o p r o v id e f o r th e $ 1 5 ,0 0 0 ,
0 0 0 n o t e s d u e M a y 1 1 9 0 8 a n d $ 1 0 ,0 0 0 ,0 0 0 d u e M a r c h 1 1 9 1 0 , p a y m e n t o f
d e m a n d lo a n s a g g r e g a t in g $ 1 0 ,3 5 2 ,7 2 6 a n d fu t u r e r e q u ir e m e n t s .
The
b o n d s a n d $ 1 0 ,0 0 0 ,0 0 0 n o t e s d u e 1 9 1 0 ( V . 8 4 , p . 4 5 0 , 3 9 0 ) w ill b e s e c u r e d
b y a ll t h e r e a l e s t a t e a n d p o w e r h o u s e s , l e a s e h o l d I n t e r e s t In t h e s u b w a y ,
M a n h a tta n R y ., s to c k s a n d b o n d s o w n e d , a d v a n c e s to o th e r co m p a n ie s a n d
o t h e r p r o p e r t y (t o t a l c a s h c o s t $ 5 4 ,0 9 5 ,4 1 9 , n o t I n c lu d in g le a s e s o r a b o u t
$ 7 ,5 0 0 ,0 0 0 I n v e s t e d In N e w Y o r k & L o n g I s l a n d R R . a n d o t h e r a s s e t s ) .
In A p r i l 1 9 0 8 n e g o t i a t i o n s w e r e p e n d i n g f o r t h e s a le o f $ 2 5 ,0 0 0 ,0 0 0 3 - y e a r
6 % n o t e s s e c u r e d b y a b o u t $ 3 0 ,0 0 0 ,0 0 0 o f t h e b o n d s c a r r y in g 5 % I n te r e s t.
V . 8 6 , p , 6 0 3 , 9 1 8 , 981
E A R N I N G S .— F o r 6 m o s . e n d in g D e c . 31 ( n o la t e r q u a r t e r ly r e p o r t s ) :
6 m o n th s
e n d in g D e c . 3 1 —
G ro ss
E a r n in g s .
Net
E a r n in g s .
O th e r
C h a rg e s A
In c o m e .
R e n t a l.
b a la n c e
S u r p lu s .
1 9 0 7 ------------------------- $ 1 1 , 4 5 6 , 6 2 3 $ 6 , 2 3 5 , 9 6 1 $ 5 9 6 , 5 2 2 $ 5 , 3 4 4 , 8 0 1 $ 1 , 4 8 7 , 6 8 2
1906
..................... 1 0 , 3 0 7 , 2 5 3
5 ,8 0 9 ,7 8 9
3 4 3 ,7 2 9
4 ,7 0 4 ,1 1 5
1 ,4 4 9 ,4 0 3
E s tim a t e d re s u lts f o r c a le n d a r y e a r 1 9 0 8 , V . 8 6 , p . 9 8 1 .
R e s u l t s f o r Y e a r s e n d in g D e c . 3 1 a n d J u n e 3 0 .
( I n c l u d i n g e le v a t e d r o a d s tor a ll y e a r s — s u b w a y s in c e O c t . 2 7 1 9 0 4 .)
------- Y e a r s e n d . D e c . 3 1 ---------------- Y e a r s e n d . J u n e 3 0 —
1905-06.
1907.
1906.
1904-05.
G ross e a r n in g s _________ $23 ,5 1 3 ,1 7 2 $ 20 ,916 ,14 7 $ 1 9 ,6 9 5 ,5 9 4 $16 ,8 3 7 ,3 7 0
8,793,487
O p eratin g e x p e n s e s ____ 10,31 6 ,5 2 8
8 ,4 0 0 ,8 2 3
7 ,3 9 7 ,3 8 4
N et e a rn in g s _________ $ 1 3 ,196 ,64 4 $12,122 660 $11 ,294,771
O th er I n c o m e __________ . 1 ,068,625
673,599
715 ,503
$9,439,986
491 ,040
N et I n c o m e ___________ $ 1 4 ,265 ,26 9 $12 ,796 ,25 9 $12 ,0 1 0 ,2 7 4
In teres t a n d r e n ta ls____ $4,772,569
$3,96 1 ,9 9 2
$3,58 6 ,8 2 3
T a x e s ----------------------------1,537,977
1,341,075
1,39 0 ,5 6 0
7 % o n M an h a ttan s to c k
4 ,2 0 0 ,0 0 0
3 ,9 4 8 ,0 0 0
3 ,8 6 4 .0 0 0
$9.931,026
$2,443,371
1,203,734
3 ,8 64,000
B a la n ce fo r divid en d s.. $3,75 4 ,7 2 3
D iv id e n d s ...........................
3 ,1 5 0 ,0 0 0
(9 % )
$2,419,921
2 ,3 62,500
(6 H % )
$ 3 ,545,192
3,06 2 ,5 0 0
(S H % )
$3,168,891
2 ,8 8 7 ,5 0 0
(8 )4 % )
Su rplu s f o r y e a r -------$604,723
$ 4 8 2 ,6 9 2 ,
$281,391
$57,421
D I R E C T O R S .— A u gu st B e lm o n t (C h a irm a n ), A lfr e d S k lt t , M o rto n F .
P la n t, A n d re w F reed m a n , Jam es J o u r d a n , J a m es H . H y d e , W . G . O a k m a n ,
J o h n P i e r c e , G e o . VV. Y o u n g , W m . A R e a d , C o r n e l i u s V a n d e r b i l t , A u g u s t
B e lm o n t J r ., N e w Y o r k ; E . P . B r y a n , N . J . , a n d G a r d in e r M . L a n e , B o s to n .
P re s ., E . P . B rya n; S e c ., II. M. Fisher; T r e a s ., D . VV. M cW illia m s.
O ffice s . 13-21 P a rk R o w B ld g .a n d 23 N assau S t .. N ew Y o r k .— (V . 85, p.
1461; V . 86, p . 108, 603 , 664, 668, 857; V . 86, p . 9 1 8 , 981.
IN T E R -M O U N T A IN R Y .— O w ns D e n ve r to G o ld e n , 17 m ile s , D en ver to
B a rn u m , 5 m ., bein g e le ctrica lly e q u ip p e d , a n d B arnum to G o ld e n , 12 m .,
Is to be sim ila rly eq u ip p e d .
In c o r p o r a te d O ct. 29 1907 as su ccessor o f the
D en ver & In te r-M o u n ta in , a re organ ization o f the D e n v e r L a k e w o o d &
G old en .
V . 85, p . 1210.
S to ck a u th ., $ 1,000,000 ; b o n d s , $75 0,00 0.
No
secu rities Issued M arch 1908.
P re s ., T . B . D oan ; S e c ., T . J . M iln er;T rea s
B. M. S m ith .
I N T E R N A T IO N A L & O R E A T N O R T H E R N R R
(See M a p M i s s o u r i P a
c i f i c . ) — L o n g v ie w , o n T e x . & P a c . (n ear S h r e v e p o rt, L a .) , s o u th w e ste rly t o
H o u s to n a n d G a lv e s to n , also t o L a re d o , T e x . , o n M e x . N a tio n a l R R . , an d
S p rin g n o r th e r ly t o F t . W o r t h ; to ta l J a n . 1 9 0 8 , 1 .159 m iles, v ia .:
L in e s o w n e d—
M U es.
J o i n t tra c k a g e —
M ile s .
L o n g v ie w , T e x . , t o L a r e d o ............. 494 G a lv e sto n H o u s to n & H e n d erson
P a lestin e t o H o u s to n , T e x ..............150
(Join tly w ith M . K . & T . ) ..............50
M ln eola , C o lu m b ia , dsc___________ 121 O th er lin e s _______________
26
F o r t W o r t h t o S p r in g ......................... 261 H o u s t o n O ak L a w n & M agnolia
N a v a s o ta t o M a d ls on v llle.................. 47
P a r k R y .................................
io
O R G A N I Z A T I O N .— R eorg a n iz e d w ith o u t fo re clo su re In 1892 un d er pla n
In V . 5 4 . p. 2 0 3 , 366 . S to c k a u th o riz e d Is $ 2 5 ,0 0 0 ,0 0 0 ; o u t s t a n d in g , $ 9 ,.
755 .0 0 0 ; p a r . $100; c o n tr o lle d In Interest o f M issouri P a cific .
R E C E I V E R S H I P .— O n F e b . 26 1908 J . F . F reem an w as a p p o in te d re
c e iv e r. T h e M arch 1908 c o u p o n s o n 2d an d 3d m tg e . b o n d s w ere defau lted
a large a m o u n t o f earlier c o u p o n s o n 3d m tg e . b o n d s also rem ain in g u n p a id ’
as w ell as a large a m o u n t o f unsecu red floatin g d e b t , an d the T e x a s R R .C o m
m ission ord ered Im p rov em en ts co s tin g several m illio n d o lla rs, fo r w hich
fu n d s c o u ld n o t be secu red.
In F e b . 1908 fo re clo s u re su it w as begun
u n d er 3d m tg e . an d In A p ril 1908 u n d er 2 d m tg e . V . 86, p. 547.
B o n d h o l d e r s ’ P r o t e c t i v e C o m m i t t e e .— -A c o m m itte e co n sistin g o f M ark T
C o x , E d g a r L . M arston, H . K . P o m r o y an d W . E m len R o o s e v e lt o f N ew
Y o r k an d J oh n W . H a m er o f P h iladelph ia (F a rm e rs ’ L o a n & T ru st C o .,
d ep osita ry) ea rly In 1908 requ ested d e p o sits o f 2 d m t g e . bo n d s.
B O N D S .— T h e 2 d m tg e . l n t . , scaled to 5 % , u p o n d e fa u lt re ve rts to 6 % as
fo rm e r ly . V . 7 3 . p . 445. In Jun e 1907 o b ta in e d a u th o r ity to e x p e n d $ 1 0 0 ,
000 t o $ 1 5 0 ,0 0 0 fo r passenger d e p o t a t S an A n to n io , re p a y a b le In te n equ a l
sem i-a n n u a l p a y m e n ts , w ith Interest at 6 % .
V . 8 4 , p . 1551. O n Ju n e 1
1907 c a r tru st n otes an d b o n d s , $ 62 7,65 9.
E A R N I N G S .— J u ly 1 to M ch. 7 ’08, gross. $ 5 ,2 2 4 ,6 0 2 , agst. $6,595,697
Y e a r—
G ro s s .
N e t.
O th . I n c . C h a r g e s , A c .
B a la n c e .
1906 07 .............$8,82 6 ,9 5 7 $ 1 ,950,008
$4,530 *$1 ,7 8 0 ,8 1 1
$173,727
1905-06 ............. 6,80 5 ,4 3 3
865,403
4,007
1 ,7 8 1 ,6 9 6 d e f. 912 286
• In clu d es lnt.!,on d e b t , $ 1 ,3 2 9 ,2 9 0 ; o t h . c h g s .. $ 4 5 1 .5 2 1 .— (V . 86, p. 6 0 3
85, p. 722, 793,
1203,
1216; V . 86, p.
1 6 8 , 2 2 9 .)
IO W A & N O R T H W E S T E R N R R .— P r o je c te d fro m W a t e r lo o , I o w a ,
s o u th w e ste rly t o D a v e n p o r t, v ia A n lm o s a , l a ., 135 m ile s, a n d e v e n tu a lly
fro m W a te r lo o n o r th to A u s tin , M in n ., 120 m .
In D e c. 1907 g ra d in g w asIn p rogress. S t o c k a u th o riz e d , c o m ., $ 8 ,0 0 0 ,0 0 0 ; p re f. 5 % n o n -c u m .,
$ 2 ,0 0 0 ,0 0 0 ; o u ts ta n d in g c o m ., $80 ,000 ; p r e f ., $20 ,0 0 0 ; p a r $10 0.
In D e c.
1907 m a d e a m tg e . t o the Carn egie T r u s t C o . o f N . Y . as tru stee t o secu re
an Issue o f $ 6 ,0 0 0 ,0 0 0 b o n d s.
V . 8 5 , p . 1462, 1646. P r e s ., S. B . H o w a r d ,
J A C K S O N V IL L E T E R M I N A L R Y .— O w ns u n io n fre ig h t a n d passenger
d e p o ts an d term in al p ro p e rtie s at J a c k s o n v ille , F la ., In clu din g 16 m iles o
track used b y A t l. C oast L in e R R . , S e a b o a rd A ir L in e , F lo rid a E a st C oa st
R y ., S o u th e rn R y . a n d G eorgia S o u . & F lo rid a R y ., th e three co m p a n ie s
first n a m ed gu aran teein g b y e n d orsem en t the prln . & ln t. o f a b o v e b o n d s
a n d o w n in g th e e n tire s to c k . T h e five c o m p a n ie s each g u aran tee o n e -fifth
o f th e Interest u n d er ren tals. F o r y e a r 190 6-0 7, g ro ss, $1 7 4 ,1 3 8 ; ln t. o n
b o n d s , ta x e s a n d Im p ro v e m e n ts, $ 3 8 ,2 6 2 , p a id b y a b o v e -n a m e d roads;
$14 ,303 n e t w as earn ed fro m lease a n d ren t o f o u tly in g p ro p e rtie s , w h ic h ,
a d d e d to $ 46 ,608 o n h a n d , m ak es th e to ta l surplus Jun e 30 1907 fro m sim ilar
sou rces $ 6 0 ,9 1 1 .— (V . 7 1 , p . 135.)
JAMESTOWN CHAUT. & LAKE ER IE RY.—See “ St. Railway’’. Sect.
JE F F E R S O N R R .— O w ns L a n e s b o r o , P a ., t o C a rb o n d a le , P a ., 37 m ilesd o u b le tra ck ; b ra n ch , H a w le y , P a ., t o H o n e s d a le , P a ., 8 m iles.
L eased
In p e r p e tu ity t o th e E rie R R . C o. fo r $14 0,00 0 p er a n n u m fo r m ain lin e
an d $ 14 ,940 fo r b ra n ch . U sed b y D elaw are & H u d s o n t o rea ch C a rb o n d a le
S to c k , $2,095,450 - all o w n e d b y E rie R R .
JO N E SB O R O L A K E C IT Y & E A S T E R N R R .— O w ns J o n e s b o r o t o B a r
fie ld , A r k ., 67 m iles; O sceola J e t. to O sce o la , A r k ., 2 0 m iles; to t a l. 87 m iles.
A co n s o lid a tio n O ct. 1 1 9 0 5 w ith C h ick asa w R R . V . 8 5 , p . 110 0. S t o c k .
$ 6 0 0 ,0 0 0 .
B o n d s ( $ 1 , 0 0 0 , 0 0 0 a u th o riz e d is su e ). B a n k o f C o m m e rce &
T ru st C o .. M em ph is, T e n n ., tru stee. F o r y e a r en d in g J u n e 30 1907, g ro ss,
$ 1 8 5 , 6 2 1 ; n e t, $ 6 8 , 5 4 5 ; to ta l d e d u ctio n s , $ 4 9 , 4 7 8 ; d iv id e n d s , $ 9 , 7 0 0 ; b a l . ,
s u r .. $ 9 , 3 6 7 .
P r e s . , E . F . B row n ; S e c . , D . P . B row n ; T r e a s ., W . E .
T a lle y .
O ffic e , J o n e s b o r o , A r k .— ( V . 8 1 , p . 1 6 6 5 . )
.
JU N C TIO N R R . ( P h i l a d e l p h i a ) . — S e e P e n n s y l v a n i a R R . — V . 8 6 , p . 4 2 1 .
K A N A W H A & M IC H IG A N R Y .— (See M a p Toledo A Ohio C entral .) —
O w ns C o m in g , O ., t o G a u le y o n th e C h es. & O h io , 177 m iles, less 18 m iles,
P o m e r o y t o G alllpolls, an d 1 m ile, A th e n s t o A r m lta g e , w h ere H o c k in g
V a l. R y . track s are used.
A ls o ow n s b ra n ch o f 11 m iles leased t o T o le d o
6 O h io C entral a n d C ol. S a n d u sk y & H o ck in g R y . c o m p a n ie s .
In 1 9 0 / co n s o lid a tio n w ith H ock . V al. R y . p ro p o s e d per plan V . 83, p .
271 , 323 , m in o rity s to c k b e in g offe re d 60 % in n e w s to c k . V . 84, p . 51; V
8 5 , p . 864. T h e m erger bein g te m p o ra rily b lo c k e d , sto ck h o ld e rs Ju n e 4 1907
a u th o riz e d $2 ,5 0 0 ,0 0 0 s e co n d m o r tg a g e 2 0 -yea r 5 % b o n d s , t o b e u s e d m a ln ly
t o p a y o ff $ 2 ,2 4 1 ,0 0 0 floatin g d e b t.
O f these b o n d s $ 2 ,0 7 8 ,0 0 0 h a v e been
Issued. V . 84, p . 1182; V . 85, p . 1402.
„
.
,
H I S T O R Y , 6sc.— R e o rg a n iz a tio n In A p ril 1890 o f th e K a n a w h a & O h io
R y . s o ld In fo re clo su re .
( V . 5 0 . p . 451 , 483 )
In O c t . 1890 a m a jo rity
In tn e s to c k w as acq u ire d b y th e T o l. & O h io C e n t., w h ich has g u aran teed
th e b o n d s , p rin cip a l and Interest.
(See V . 5 2 . p . 165, 351 .)
C a pital s t o c k ,
$ 1 0 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ,0 0 0 in tre a su ry J u ly 190 7). T h e 1st m tg e . b o n d s are
li m it e d t o $ 1 5 ,0 0 0 o n l y p e r m ile o f r o a d .
L A T E S T E A R N I N G S . — / 1 9 0 7 - 0 8 _____ G r o s s , $ 1 , 4 4 9 , 3 0 6 ; n e t , $ 1 1 1 , 2 1 2
8 m o s . , J u l y 1 t o F e b . 2 9 .1 1 9 0 6 - 0 7 _____ G r o s s ,
1 ,5 3 8 ,3 9 5 ; n e t ,
3 o 0 ,8 1 9
S u r p lu s o v e r c h a r g e s , 8 m o s . , $ 7 9 ,6 4 7 , a g a in s t $ 1 8 1 ,3 6 6 s u r . In 1 0 0 6 - 0 7 .
R E P O R T .— R e p o r t fo r y e a r 1906-07 w as In V . 85, p . 7 8 8 , s h o w in g ,
gross. $ 2 ,3 7 7 ,6 6 2 ; n e t, $ 51 5,69 5; o th e r In co m e , $ 7 ,1 0 8 ; in te re st, ta x e s , 6cc.„
$2 5 5 ,7 2 7 ; b a la n c e , surplus, $ 2 6 7 ,0 7 6 .— (V . 85, p . 788. 864 . 1402.)
K A N A W H A & W E S T V IR Q 1 N IA R R .— T o e x te n d fro m C h a rle sto n . W .
V a .. t o B elva o n th e G au ley R iv e r , 55 m iles, o f w hich 39 m iles c o m p le t e d ,
b a la n ce und er c o n s tr u c tio n . C o n tro lle d b y sa m e Interests as B lue Creek
C oal & L and C o ., o w n in g 4 4 ,000 acres o f c o a l a n d tim b e r lan d In K a n a w h a
C o u n ty . S to c k a u th o riz e d , $ 5 ,0 0 0 ,0 0 0 ; p ar o f shares, $100. O f th e $ 5 ,
000 ,000 a u th o rize d 1st 5s, (S cra n to n T ru st C o ..t r u s t e e ) . $1.000,fiO Ohave
been Issued, th e rem ain der be in g lim ited t o $ 25 ,000 p a : m ile. T h e f l r s t
$1 ,0 0 0 ,0 0 0 o f th e Issue are g u a ra n te e d , p rln. a n d ln t .. b y th e B lu e Creek
Coal & L and C o. and are s u b je c t t o 105 an d Interest a fte r J u ly 1 1908. V .
83, p . 1524; V . 84, d . 339.
P re s ., E d w a rd S . J on es; V lc e -P r e s ., W . A .
M acC orkle; 2d V lc e -P r e s ., C yru s D . Jon es; T r e a s ., T h o s . E . Jones; S e c .,
W m . D . B o y e r.— (V . 83, p . 1524; V . 8 4 , p . 339.)
K A N S A S C IT Y B E L T R Y .— F ro m C lark 's J e t. to V a lle y o f B lu o R iv e r , l b
m iles. S to c k a u th o riz e d , $ 2 ,5 0 0 ,0 0 0 (p a r , $ 1 0 0 ); o u ts ta n d in g , $ 35 0,00 0
(p a r, $10 0): o w n e d o n e -h a lf b y A tc h is o n T o p e k a & S a n ta F e an d threeten th s b y K ansas C ity F o r t S c o t t & M em phis a n d tw o -te n th s b y C h ic a g o
M ilw aukee & S t. P aul. T h e C h icago R o c k Island & P a cific R y . c o n tr a c te d
t o use th e fa cilities. V . 7 8 . p . 1446. T o b e a cq u ire d b y th e K an sas C ity
T e r m . R y . C o . In corp orated J u ly 11 190 6, a t $ 3 ,2 2 0 ,0 0 0 , v i z ., $2,500,000
b o n d s . $550,000 s to c k an d $17 0,00 0 su rplu s. V . 8 3 , p . 05; V . 8 5 , p . 405 .
F o r y e a r en d in g Jun e 30 190 7, gross, $4 4 0 ,5 7 3 ; n e t, $ 19 0,36 9; ln t ., ta x e s ,
& c ., $ 19 7,11 6; b a l., d e f., $ 6 ,7 4 7 .— ( V . 8 5 , p . 405.)
K A N S A S C IT Y C L IN T O N & S P R IN G F IE L D R Y .— O w ns fro m O lathe..
K a n ., t o A sh G r o v e , M o ., 154 m iles: R a y m o r e J e t. t o P leasan t H ill, M o ..
8 m .; t o ta l, 162 m iles. S t o c k , $ 1 ,7 7 5 ,4 0 0 . B o n d s w ere gu ar, b y th e K a n .
C ity F t. S c o t t & M em . R R . (o ld c o .) .
F o r y e a r e n d in g Jun e 30 1907,
g ro ss. $35 6,59 8; n e t. $73 ,1 6 2 ; o th e r In co m e , $18 ,6 1 5 ; ch arges, $20 3,66 0;
b a la n ce , d eficit, $ 1 1 1 ,8 8 3 .— (V . 7 3 , p . 723 .)
K A N S A S C IT Y F O R T SCOTT & M E M P H IS R Y .— (See M a p s Rock Is la n d
C o .) — O perates K an sas C ity , M o ., t o M em p h is, T e n n ., and b ra n ch e s, 916 m ..
In clu din g tra ck a g e 85 m . fro m A rc a d ia t o S p rin g fie ld , M o ., ow n ed b y K . C.
C lin to n & S p rin gfield R y . (w h ich see a b o v e ) . A ls o has a c o n tro llin g Interest
In s to c k o f th e K . C. M em . & B lrm . R R . , o w n in g Une fro m M em p h is, T e n n .,
t o B irm in g h a m . A la ., w ith b r a n c h , 285 m ., a n d o f K a n . C ity & M em phis
R y . & B rid ge C o ., o w n in g b rid g e a cross M ississippi R iv e r a t M em p h is.
3 m iles. T o t a l, 1,201 m iles.
O R G A N I Z A T I O N .— I n c o r p o r a te d o n J u n e 14 1901 and Is v e s te d w ith
th e p r o p e r ty o f th e fo rm e r K an sas C ity F t . S . & M em . R a ilro ad other^than
th e 85 m iles fro m A rc a d ia t o S p rin g fie ld , so ld t o th e K an sas C ity C lin ton &
S prin gfield; also co n tro ls o th e r m ileage. V . 7 2 . p . 1237. See V . 7 2 , p . 4 3 8 .
532 , 6 7 5 , 988 . T h e S t. L ou is 8b San F ra n cis co R R . ow n s th e e n tire s to c k
an d leases th e r o a d , gu a ra n te e in g th e b o n d s o f 1901, prin cip a l a n d Interest,
and 4 % o n p referred s to c k tru st ce rtifica te s.
S T O C K .— C o m m o n a u th o riz e d , $ 4 5 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , $ 1 5 ,0 0 0 ,0 0 0 .
all o w n e d b y S t. L ou is 8s S an F ra n cisco R R .
T h e p re f. s to c k ($ 1 5 ,0 9 0 ,0 0 0
A p e ., 1908.]
RAILWAY STOCKS AND BONDS.
69
70
RAILWAY STOCKS AND BONDS
[V O L .
L X X X V I,
\ l >r0v0
H e lo n a
T eh a m a
J
Q u in cy
Tintic V /^ T h is t le Jb.
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A u stin
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i
KANSAS
ISLAND
L e a d v ille
SACRAMENTO1
-a t ]
hi unison
M o n tr o s e '
n C o lo r a d o Sprs.
\\ P u eb ,Q
PORI
.C reede
Candelaria
F^MATFieLO GRtEN
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\
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Durango
Santa.
c ^ v H o ld e n
RICHI
L a J u n ta
L a th r o p
ALTON
TOPEKA
>Antonitc.
m e r ry v a le
T r in id a d
BYRON
/^CHEROKEE
rYEWED/ •
rCARME^
V T e x l in e '
§|v>v C o ch ra n Je.
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S V M o ja v e
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S e lig m a n
C o o lla g e
T h e N eedle!
H o lb r o o k ]
F u lto n
B a rsto w ATCH'
[A m arillo '
A . & P>J(
A lb u q u e r q u e
B SARTOR
'trffOlLl. CY'i
JlLONE lviVi I
W a slib u r
Waltus
C a rth a g e
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R o s w e ll,
- g S S ” Hen,
B SAGER
(
J hamlin
j MCCAULEY
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[SWEETWATER
M a r ic o p a
R in c o n
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L ordsbu r
D JAMESTOWN
P ecosv
Jt.iT. Margaret
——
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s V M a rfa
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san angelo
v° A rk a n s a s C y
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Ft. Wortl
Dallas
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^Shreveport
pac.\
T y ler.
H ea rn e
,G u aym ;
•
MAP OF THE
K AN SA S C I T Y / %
M E X IC O & O R IE N T
M ilan !
KAIL W A Y & CONNECTIONS.
.
C iu d a d 'y R
P o r fir io D iaz> T \ J
M o n c lo v a
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P
E sca lo n \
.
\
/ B e r m e jillo
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T orreop ^^v
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M on terey
Shortest Line from Kansas City to Pacific Ocean.
D u ran go
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^ C o r p u s Christi
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BATON
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TZ
[Y ojl. LXXXVI.
RAILWAY STOCKS AND BONDS.
IN T E R E S T OR D IV ID E N D S .
R A IL R O A D S .
F o r explanation o f colum n headings,
on first page of tables .
see notes
J o a o t b o r o Lake C ity &. E a stern —-1st M $ 1 ,0 0 0 .OOOauth
Junction ( I’ hilndel phia) — See Pennsylvania RR.
Kanawha A C oal R iv e r— J o in t M $75 0,00 0 g o ld 3 L .
Kanawha A Mich— 1st M $15 ,000 d m g g u p A l.C e .c *
2nd M $ 2 ,5 0 0 ,0 0 0 au th g o ld red p a r .........................Sc*
M ile s Date S U e , or
Am ount
Par
ol
of
R oad. B on ds. V alue. Outstanding
Rate
%
When
P ay a ble.
Where P a y a b le , and by
Whom
M e m p h is, T e n n
B o n d* — P r in c i
p a l, When D u e .
Stock*— Last
D ieid en d .
S e p t 1 1821
87
1905
$1,000
$47 6,00 0
5 g
M
15
164
...
1904
1890
1907
1902
1900
1906
1905
1906
1886
1885
1,000
1,000
1,000
750 ,000
2 ,469,000
2,0 7 8 ,0 0 0
618 ,750
391,000
196,900
1,000,000
128.000
2,5 0 0 ,0 0 0
3,1 9 2 ,0 0 0
5-g
M A S B a n k ers’ T r u s t O o . N Y
A A O Cen tral T ru s t C o . N Y
New York
J
A
J
M A N
F A A15
J
A
J
J
A
J S cra n to n (P a .) T ru s t Co
J
A D R . K le y b o lt e A C o . N . Y
J
A
J O ffice. 50 S ta te S t . Boat
A A O O ld C o lo n y T r u s t. B o sto n
S e p t I 1824
A p ril 1 1880
J u ly 1 1827
M ay 1 1812
A u g 15 '0 8 -'1 6
J u ly '0 8 -J u ty ’ l S
J u ly 1 1855
D e c ’08 -D e c ’ l l
J u ly 1 1818
O ct 1 1825
M ercantile T ru s t O o. N Y
O ld C o lo n y T r u s t. B o sto n
do
do
do
do
M ero T r u s t, N Y & B o st
O ld C o lo n y T r u s t , B o s to n
M erc T r C o , N Y ; A B ost
O ld C o lo n y T r C o , B o s to n
do
do
do
do
do
do
do
do
do
do
B lair A C o , N ew Y o r k
do
do
A m er E x N at B k , N Y
U S M A T . 2 0 B r o a d ,N Y
. S ee t e x t _______ ______ _
N ew Y o r k T ru s t C o , N Y
N ew Y o r k T r u s t C o , N Y
B lair A C o . N ew Y o r k
do
do
O ot 1 1836
Ju n e 1 1008
S ep t 1 1810
A u g 1 1022
M ay 1 1028
O ct 1 1827
O ct 1 1020
J u ly 1 1008
M a y -N o v 1 1810
M ar 1 1034
M ar 1 1034
M ar 1 1034
O ct 1 1022
T o J a n 1 1015
A u g ’ 0 8 -A u * T 5
F e b 1 1051
A p ril 1 1053
A p r 15 1 9 0 8 1 %
A p ril 1 1050
A p ril 1 1012
Nov ’ 0 8 -N o v 15
J ’n c ’ 0 8 -J u n e’ 16
E q u ip m e n t b o n d s d u e $ 23 ,000 se m i-a n n u a lly .............
do
do
d u e p a rt se m i-a n n u a lly ________
Kanawha A W Va— 1st M $5,0 0 0 ,0 0 0 g t e x t ............... c*
35
Uar tr u s ts, d u e $32 ,0 0 0 D ec y e a r ly ............................. Ba
K an C v B elt— 1st ($ 534,000 gu a r K C F S A M) NB c*
10
K am a* C ity C lin to n A Spring— 1st M g g u a r ._ N B .c *
162
K a n sa s C ity F ort S co tt A M em phis R y —
R e f M $ 6 0 ,0 0 0 ,0 0 0 g o ld gu a r p A 1 e n d - .M e .x c * A r
*830
K an s C y F t 3 A G 1st M land gr s f d r ’n a t 1 1 0 . .c *
160
M em ph is K A C ol first m o r tg a g e ................................c*
50
K an sas A M issouri R R first m o r tg a g e ...................... c*
26
K ansas C ity F t S c o t t A M em phis R R c o n s M .N B .c ’
719
C u rren t R v e r R R 1st M $20,000 p m g u a r ____ NB
82
K an sas C y A M R y A B d ge 1st M g s f draw n a t 1 10c*
3
F o r t S c o t t E q u ip m e n t C o 1st M ca ll a t p a r .............
O za rk E q u ip C o 1st M gu a r $ 1 ,0 0 0 ,0 0 0 call a t par
K a n C y M em A B lrm ge n M $4,5 0 0 ,0 0 0 c u r .- O B ' c*
285
I n c o m e n o n -c u m u la tlv e _____________________O B .c*
285
d o sta m p ed fixed Interest red eem t e x t ..................
285
B lrm B elt 1st M g o ld red 102)4 g u a r p A 1 e n d ..O B
21
E q u ip m en t n otes Series A d u e $65 ,000 s em i-an n u ally
do
Ser B $85,000 d u e s-a (V 8 1 , p 1044) . .B a
Kansas C ity M ex ico A O rient— 1st M g o ld (see te x t)
Kansas C ity O uter Belt A E lectric— 1st M $ 3 ,000,000 g
7
Kansas C ity S outhern— P r e f s tk 4 % n -c $ 2 1 ,0 0 0 ,0 0 0 .
First m ortg a g e g o ld $30 0 0 0 , 0 0 0 . . .......... .M e .c ’ A r
C oll tru st n otes $5,1 0 0 ,0 0 0 g o ld redeem a t p a r -----E q u ip m e n t n otes g o ld red p a r d u e $ 72 ,000 s -a n ._ N
__
do
ao
g o ld ser B red p a r $30 ,000 sem l-ann
b In clu des $18 7,00 0 held a liv e In sin k in g fu n d s.
• A ls o c o v e r s m a jo r ity o f s to c k o f K ansas C ity M em phis A
1,000
1,000
1,000
1,000
1,000
1901
1879
1884
1882
1888
1887
1889
1899
1900
1894
1894
1894
1902
1905
1905
1901
1903
1,000 A c
100 A c
1900
1906
1905
1906
1,000 A c
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500 A c
500 A c
500 A c
1,000
1,000
1,000
1,000
100
1,000
4z
5 g
5
5
5
5 z
5
8
5g
2 0 ,015,000
4 r
2,0 5 6 ,0 0 0
7
492 ,000
7
5
390,000
6
13,736,000
5
1,606,000
b 3 ,000,000
5 Z
67,000
6
5
342,000
4
3 ,323,390
5
387 ,280
S
5,9 3 5 ,5 0 0
1,000,000
4 Z
910,000
4K
1,275,000
4H
See text
4 g
2,000,000
4 g
21,000,000 S e e t e x t
3 0 ,000,000
3z
5 ,1 0 0 .0 0 0
5 g
1,080,000
4H Z
510 ,000
4M g
A S
A O
A D
A
S
A
A
A
A
A
A
A
M arch
M A S
A A O
J
A
J
F A A
F A A
A A O
See t e x t
A A O
J
A J
M A N
J
A D
B lrm l n g h a m , 2 85 m iles, an
Also owns entire $650,000 each o f stock and bonds o f Arkansas Western
a u th o r iz e d , o f w h ich 1 1 3 ,5 1 0 ,0 0 0 Is o u ts ta n d in g , p a r 5100) Is d e p o s ite d In
R y .. W aldron to H eavener, A rk ., 32 miles, operated separately; also co n
e s c r o w , a n d a ga in st It are Issued tru st ce rtifica te s o f th e S t. L . A S an F . R H „
trols K . C. Shreve. A Gulf Terminal Co. V . 83, p. 38, 492.
th e la tte r h a v in g t h e o p t io n t o retire th e c e rtifica te s a t a n y tim e a t p a r,
a n d o b lig a tin g Itself t o p a y o lf th e w h o le Issue In 20 ye a rs fr o m d a te (O c t .
O R G A N IZ A T IO N .— A reorganization o f Kansas City Pittsburgh A G ulf
1801 ), and meanwhile to pay quar. 1 % thereon. See V . 72, p. 1238.
R R ., foreclosed In 1900 per plan V . 69. p. 1012. 1062. V . 73, p. 1356;
B O N D S .— T h e r e fu n d in g b o n d s o f 1801 (lim ite d t o 1 8 0 ,0 0 0 ,0 0 0 ) arc V . 74, p . 94. As to con trol, see V . 80, p. 997.
T he voting trust having expired April 1 1905, a new management was
secu red b y all p r o p e r t y n o w o w n e d , o r hereafter a cq u ire d w ith th e prooeed s o f th e r efu n d in g Issue. O f th e b o n d s , 51 1 ,6 5 0 ,0 0 0 w ere s u b s crib e d fo r elected In M ay 1905. Extensions are to be built, Inoludlng one to New
Orleans. V . 80, p. 1971; V . 81. p. 559- V. 84, p. 1366. Common s to ck .
In Ju n e 1801, a b o u t $3 1 ,0 2 5 ,7 7 0 w ere reserved fo r e x ch a n g e a gain st th e
$30 000,000; pair, $100.
fa c e a m o u n t o f u n d e rly in g b o n d s , $ 3 ,0 0 0 ,0 0 0 fo r refu n d in g p u rp o s e s , 5 5 ,
000,000 for Im p ro v e m e n ts b e tte rm e n ts a n d new e q u ip m e n t a t th e c u m u
S E C U R IT IE S .— The stockholders on March. 19 1906 authorised an Issue
la t iv e ra te o f $ 6 0 0,00 0 p er a n n u m , an d th e resid u e, as w ell as a n y b o n d s
o f $10,000,000 o f 4)4 % 20-year Im provem ent bonds, o f which $6,000,000
n o t used o r requ ired fo r re fu n d in g p u rp o s e s , w ill b e re served fo r Issue fo r
deposited as collateral for $5,100,000 six-year 5 % notes, proceeds to be
a d d itio n a l lines a n d e x te n s io n s , a t n o t e x c e e d in g $22 ,500 p e r m ile th e r e o f.
used for Improvements and equipm ent. T he notes, which were under
A s t o g u a r a n ty , see " o r g a n iz a t io n ” a b o v e .
V . 7 5 , p .8 5 3 . See V . 8 1 . p . 55 8 .
written, were offered to stockholders pro rata at 9 5 . See V 82, p. 334,
In 1802 th e K . C. F t. S c o t t A M em . R y . g u a ra n te e d th e Interest o n all
332 692; V . 84, p. 1428. Car trusts, V . 8 1 , p. 1610; V . 8 3 , p. 687.
e x c e p t $ 3 8 7,28 0 o f th e $ 6 ,3 2 2 ,7 8 0 K . 0 . M em . A B lrm . In com e b o n d s , b e
D IV ID E N D S .— First dlv. on pref. stock. 4 % . paid July 1 1907 out of
gin n in g M arch 1 , th e b o n d s s o g u a ra n te e d b e in g s ta m p e d w ith a p r o v is io n
earnings for fiscal year 1906-07; O ct., 1 % ; 1 0 0 8 , Jan ., 1 % , April, 1 % .
m ak in g th em s u b je c t t o ca ll a t a n y tim e w ith in 10 yea rs fro m S e p t. 1 1802
V. 85, p. 600.
a t 05 a n d In terest. V . 7 4 , p . 4 7 7 . 577 .
E q u ip m e n t n o te s a d d itio n a l t o
L A T E S T E A R N I N G S — 1 1 9 0 7 - 0 8 . .G ross. $ 0 ,344,939; net, $1,966,399
th o s e In table above, $23,202 lives, due quarterly to Oct. 1 1908.
8 m os., July 1 to Feb. 2 9 .\ 1 9 0 6 -0 7 ..G r o s s , 5,84 3 ,8 0 2 ; net, 2,202,677
B irm in gh a m B elt b o n d s are g u a r a n te e d , p r in cip a l a n d In terest, J o in tly b y
K an sas C ity M em ph is A B lrm . a n d S t. L . A S an F r a n . V . 7 5 . p . 114 7.—
R E P O R T for 1906-07 at length was In V . 85, p. 1203, 1213.
( V . 8 1 , p . 1044; V . 8 2 . p . 0 8 7 , 1438; V . 8 3 , p . 880 ; V . 8 4 . p . 1551.)
1906-07.
1005-06.
1904-05.
1903-04.
Miles op erated _________
827
827
839
839
K A N S A S C IT Y L A W T O N A P A C IF IC R R .— V . 8 3 , p. 751 .
Gross earnings___________ $9,084,332
$7,568,332 $6,893,656 $6,678,215
K A N S A S C IT Y M E X IC O A O R IE N T R Y .— (See M a p . ) — P r o je c te d t o
5,339,519
5,532,275
5
,088,356
4,710,203
Operating
expenses____
e x t e n d fro m K an sas C it y , M o ., t o T o p o lo b a m p o B a y , M e x lo o , o n th e P a cific
5 2 “ 1.829 m iles: a lso a c u t -o ff fr o m S a n A n g e lo t o S p o ffo r d J e t .. T e x ,
Net earnings.................... $ 3 ,7 4 4 , 8 1 3
$ 2 ,036,057 $1,805,300 $1,968,012
connecting there as well as at Chihuahua with Mexican lines for City of
Total net Income_______$3,822,947
$2,064,956 $1,837,801 $1,976,794
Mexico
On March 1 1908 there was completed from W ichita, Kan south
Taxes _________________
1 8 3 ,8 4 9
166,475
153,150
150,254
to Red River 272 miles; Chihuahua, Mexico, east to Falomlr, .Mexico, 88
I n t e r e s t on bonds, AclI
1,183,759
952,714
899,980
899,989
m • Mlnaca Mexico, to Sanchez, Mexico, west, 73 m .; Topolobam po, M ex.,
M
iscellaneous__________
______
12,711
49,459
73,528
to Hornlllas M e x .?e a st, 76 m .; a total o f 509 m ., which together with the
Deferred renew als_____
_______
— --125,020
----------K C M A O R y of Texas completed eastward from Sweetwater, T e x ., to
D lv. on pref. stock (4 %)
840,000
- ----------------------------Beniamin T ex , 90 miles, and trackage over Chihuahua A Pacific R y ., Chi
huahua to’ Mlnaca, M ex., 125 miles, makes total mileage In operation 724 m .
Balance, surplus_____ $1,615,339
$933,055
$610,192
$853,023
T h e c o m p a n y lias Its o w n c o a stw ise s e rv ice fro m T o p o lo b a m p o a n d th e
D IR E C T O R S .— Chairman, Hermann Slelcken; Pres., J. A . Edson.
H a m b u r g -A m e r lc a n SS . C o . has c o n t r a c te d t o establish a tra n s-P a cIflc line
H . R . D u val, J. A . Blair, W . T . Rosen. D . G . Bolssevaln. H . Blumenthal.
as s o o n as t h e ra ilro a d Is c o m p le te d .
( V . 7 7 . p . 40 1 .)
L ib e ra l subsidies
Andrew J. Miller and Y . Vanden Berg, L . F . Loree of New York; John J.
h a v e b e e n g r a n te d b y th e F ed era l a n d S ta te go v e rn m e n ts In M e x ico . See
prospectus, V . 75, p. 1253, and V. 83, p. 95, 1411; V . 86, p. 668.
Mitchell of Chicago; S. W . Fordyce and Adolphus Busch o f S t . Louis; G. M.
Craig, Port Arthur, T e x .; W . F. H arrlty. Philadelphia. P a .; Secretary Is
T h e K ansas C ity O u te r B e lt A E le c tr ic R R . (see th a t c o m p a n y be lo w )
R . B. Sperry. Office, 25 Broad S t ., N . Y . — (V . 85, p. 1203, 1213.)
w ill, w h en c o m p le t e d , a ffo r d te rm in a l fa cilitie s a n d a n en tra n ce In to K a n
sas C ity . V . 7 6 . p . 331: V . 8 0 , p . 871 .
KANSAS CITY TE RM IN A L R Y .— T o own a union passenger depot
S E C U R I T I E S .— S to c k a u th o r iz e d , $ 20 ,000 per m ile each In c o m m o n and
and terminal at Kansas City, M o., with approaches, to be controlled
non-cumulatlve 4 % pref. stock; outstanding Dec. 1907, pref., $9,667,400;
by ten railroads v iz.: Chic. R . I. A P a c.. A tch. Top. A S. F ., Chic. Mllwco m ., $7,981,400.
Stock Is held In a voting trust until Jan. 1 1917. V . 83,
A St. Paul, Chic. A A lton, St. Louis A San Francisco, Union Pacific
p 1411.
B on d s (U . S . A M exica n T ru st O o ., trustee) are Issuable a t $22 ,500
W abash, Chic. Burl. A Q ulncv. Mo. Pacific and M o. Kansas A Texas
p er m ile , sin gle m ain t r a c k , $15 ,000 p e r m ile o f y a r d an d term in a l t r a c k ,
Incorporated July 11 1906. Stock authorized, $50,000,000. The Kansas
a n d $ 1 2 ,0 0 0 per m ile o f d o u b le tr a c k , c o n s tr u c te d o r a cq u ire d ; a ls o , $ 2 ,5 0 0 , City Belt. R y. will be acquired. Of the bonds to be auth. (details not ar
000 fo r e x tr a w o rk In S ierra M adre M o u n tain s, $5,0 0 0 ,0 0 0 fo r te rm in a l fa ranged In March 1908), part will be used to pay for the land and terminal
cilities a t K an sas C ity o r T o p o lo b a m p o ,o r b o t h , a n d $1 0 ,0 0 0 ,0 0 0 fo r fu tu re facilities and to erect the station, and a further am t. will be reserved to pay
r eq u irem en ts an d a d d itio n a l ro llin g s to c k a t n o t o v e r $ 1 ,0 0 0 ,0 0 0 y e a r ly ,
for the K . C. Belt R y. and retire Its bonds. V . 83, p. 95; V. 85, p. 405. In
b eg in n in g F e b . 1 1906. O n c o m p le tio n o f r o a d It w as e stim a te d th ere w ill
Aug. 1906 $3,000,000 was borrowed at 4 ) 5 % ln t., guaranteed by the ten
b e le ft In t h e trea su ry fo r ea ch m ile o f co m p le te d ro a d $7,500 b o n d s , $4,000
roads, bonds to be Issued when conditions favor. V . 83, p. 323. Pres..
Dref. a n d $7,500 c o m m o n st o c k . V . 7 8 , p . 102; V . 8 1 , p . 1411; V . 84. d . 102 ,
H . L. H annon; S ec., C. C. R ipley; T reas., E . F. Swlnncy.— (V. 85, p. 405.)
508.
Of the $12,187 ,000 bonds Issued March 1908, $2,500,000 were sold,
K AN SA S C IT Y VIA D U C T A T E R M IN A L R Y .— (See M a p . ) — Owns and
$3,11 0 ,0 0 0 In the com pany’s treasury and the remainder were owned by the
operates an elevated railway anil highway viaduct from Bluff and 6th
Union and International construction cos., which are building the road.
Streets. Kansas City, M o., to Minnesota Avenue and 4tli Street, Kansas City,
In April 1908 $700,000 2-year 6 y3 % notes (denominations $500 each) were
K an. A branch viaduct, )4 mile In length, under construction, connecting
offered, secured by deposit of 2 0 0 % In 1st mtge. bonds. V . 86, p. 981.
the main structure, and thus the two cities, with the lnterlylng railroad
In May 1902 made an agreement with St. Louis Union Trust C o., as
trustee to secure $ 2 ,000,000 car-tr,ust bonds, and In Feb. 1905 with the and manufacturing districts. Main structure completed Feb. 1907, 1.6
miles, minimum width of 60 feet; material, steel and concrete. See V . 82,
American Locomotive Co. to secure $1,000,000 locomotive trust bonds.
V 81 p. 777.
Mexico A Orient Townslte Co. bonds and notes. V . 78,
p. 160; V . 84, p. 271, 931.
p.’ 1109. 1113; V . 85, p. 345, 722.
ST O C K .— Stock authorized, $ 3 ,500,000; outstanding, $3,000,000 (par of
O F F I C E R S .— P r e s ., A . E . S tllw ell; V . - P . , E n riq u e C. C reel, W . W
shares $100), of which a m ajority Is deposited In a voting trust for 3 years
S y lv e s te r , G e o . C ro ck e r an d J. S . B ralth w atte: V .- P . and G en. M g r .. E d
from completion of viaduct or until dividends of 4 / 0 have been paid for two
ward Dickinson; Sec., Neal S. Doran; Preas., W . A . Rule. Office, 10th St.
consecutive years. Voting trustees: Harvey E . Fisk, John P. Reynolds J r.,
and Baltimore A v e ., Kansas C ity.— (V . 86, p. 668, 981.)
Francis S. Eaton.
K A N S A S C IT Y N O R T H W E S T E R N R R .— E n tire s t o c k , $ 4 ,0 1 6 ,0 0 0
B O N D S .— First mortgage 4)4 % bonds authorized, $3,500,000; outstand
(p a r , $ 1 0 0 ), a n d $ 2 ,9 8 3 ,5 0 0 " B ” b o n d s w ere pu rch ased In N o v . 1900 b y
ing, $3,000,000. Beginning with 1910 a sinking fund amounting to 6 % of
p a o . R y . . w h ic h see; a lso " S u p p le m e n t o f Jan . 1903.
gross receipts for preceding year Is to be paid July 1 to retire bonds on satis
f*»■).
t
factory terms; otherwise to be Invested.
K A N S A S C IT Y O U T E R B E L T (S T E A M ) A E L E C T R IC R R .— T h is c o m Pres., Ira G. Hedrick; V .-P . and Treas., J. P . Reynolds Jr.; Sec., E . E .
p a n y ls
1 c o n s tr u c tin g a b e lt lin e r o a d a t K an sas C ity , th e m ain lin e , d o u b le
Ball.— (V . 85, p. 864.)
tr a c k . b e in g 7 m iles In le n g th , e x te n d in g fro m N o . K ansas C ity t o th e K a w
Valley on the west, with bridge across the Missouri River. Grading and
KENTUCKY A IN D IA N A BRID GE A R R . CO.— Owns steel cantilever
bridging practically completed March 1908.
Will afford an entrance Into
Kansas City for the Kan. City M ex. A Orient R y ., and connect with the bridge over the Ohio River at Louisville and 5 miles o f railroad between
various steam roads entering that city.
Incorp. In 1902 by Interests Louisville, K y ., and New A lbany, In d ., and 5 miles o f belt line In Louis
ville; also owns Louisville A New A lbany Ferry Co. Successor Jan. 31 1900
friendly to K . C. M ex. A O. R y. V . 75, p. 184; V . 76, p. 331; V . 80, p. 871.
to Kentucky A Indiana Bridge C o., sold In foreclosure subject to the
S E C U R I T I E S .— S to c k a u th o r iz e d , $ 2 ,5 0 0 ,0 0 0 c o m . an d $ 2 ,2 5 0 ,0 0 0 4 %
$1,000,000 first m ortgage. The Southern R y ., Baltimore A Ohio South
r e f. T h e s to c k w ill be h eld In a v o t in g tru s t o f te n m em bers until th e full
western (B . A O.) and Chicago Indianapolis A Louisville own the $75,000
lv ld e n d sh all h a v e b e e n p a id on th e p re f. fo r 5 c o n s e cu tiv e y e a rs. See
capital stock, and pay m onthly, In proportion to cars handled, any deficit in
V . ’ 7 6 , p . 331 . O f th e $ 3 ,0 0 0 ,0 0 0 a u th o r iz e d 1st g o ld 4s (see ta b le a b o v e ) ,
operations. O f the $2,500,000 first consol. 4s, $1,000,000 were reserved to
$ 2 ,0 0 0 ,0 0 0 h a v e be e n so ld ; th e en tire c o s t o f co n s tr u c tio n an d e q u ip m e n t
retire 5s due 1911 and $500,000 for Improvements. V . 71, p. 492.
w as estim a ted a t n o t o v e r $ 2 ,0 0 0 ,0 0 0 In b o n d s, le a vin g b a lan ce fo r e x te n
E A R N IN G S.— For year ending June 30 1907, gross, $265,589; deficit
sions an d Im p r o v e m e n ts .— ( V .7 5 , p . 184; V .7 6 , p . 331: V . 8 0 , p . 8 7 1 ,2 3 9 9 .)
under Interest charges, A c., $212,256. P res., W . H . MoDoel; Sec. and
K AN SA S C IT Y SOUTHERN R Y .— Operates a line extending from
Treas.,
H. W . Heazlitt; Gen. M gr.. W . M. Mitchell.— (V . 71, p. 287, 342.)
Kansas City, M o., to Port Arthur, T e x ., thence by Its ship canal, seven
m iles, t o d eep w a te r o n th e G u lf o f M e x ico , w ith bran ch es and e x te n s iv e
KENTUCKY A OHIO BRID GE CO.— V . 81, p. 1492; V . 82. p. 1379.
term in als used b y v a rio u s ro a d s en terin g K an sas C ity.
KBNTUCKY A TENNESSEE R Y .— See page 169.
Lines Owned.
M ile s.
L in es Owned —
M ile s.
K an sas C ity , M o ., t o B e lt J u n e .. 12 B ran ch es t o F o rt S m ith , D o
K E O K U K A DES MOINES R Y .— Owns rrom Keokuk, la ., to Des
Quincy, l a . , etc........................ 51
G ra n d V ie w . M o ., t o P o r t A r th u r .
Moines,
la ., 162 miles. Leased for 45 years from O ctober 1 1878 to the
11
765 Trackage — T o G rand V ie w . M o
T e x .............................................. ..
S
Total_________
. . . . . . . . ________ . . . . . — _______ . . . . . . . . . . . . 8 3 9
Chicago R ock Island A Pacific R y . The lessee pays 25 % o f the gross
earnings, but guarantees the Interest (not the principal) on the bonds.
RAILWAY STOCKS AND BONDS.
74
RAILROADS.
[V O L . L X X X V I.
INTEREST OR DIVIDENDS.
For explanation of column headings, Ac., see notes
on first page of tables.
of . Of
Road. Bonds.
Par
Amount
Value. Outstanding
Rate
%
Kansas City St Joseph A Council Bluffs— See Chicago Burlln gton A Quincy.
___
1897
4
Kansas City Shrevep A Oulf Terminal— 1st M red 105
$500
$150,000
.,
1995
Kansas City Viaduct A Term— 1st M g s f (text)S.c*A r
1,000
3,000,000
4H
__
1881
Ken A I Br A RR— Ken A I B 1st M gold assu m ed..
250 Ac
1,000,000
5 g
1900
First consolidated mortgage $2,500,000 g o ld -.S .c *
1,000
1,069,000
4 g
1905
Kentucky A Tennessee— 1st M $850,000 gold (see text)
650,000
6 g
162
Keokuk A Des Moines— Preferred stock 8 % ..................
100
1,524,600 See text.
162 1878
5
First m ortgage Interest guaranteed C R I A P . . c *
100 Ac
2,750,000
1869
--Keokuk A Hamilton Bridge— First mortgage.............c
8
1,000
1,000,000
37 1891
Kewaunee Oreen Bay A Western— First m ortgage.F .c
5
1,000
408,000
113 1882
Kingston A Pembroke— First mortgage gold--------------1,000
572,000
3 g
3 1H 1905
Klondike Mines— First mortgage $30,000 per m ile ..
6
£ 6 ,000
£ 1 92 ,00 0
Knoxville A Ohio— See Southern R y.
Lake Erie A Detroit River— See Pere Marquette R R .
711
Lake Erie A W estern— Common stock $20,000 p m . .
100 11.840 000
711
Preferred stock 6 % (not cum) ($20,000 per m i le )..
100 11.840 000 See text.
First m ortgage ($10,000 per mile) gold________ Ce.c*
711 1887
1,000
7,250,000
5 g
Second M for $3,625,000 ($5,000 p m) gold____ Ce.c
711 1891
3,625 000
1,000
5 g
Lake Shore A Michigan Southern— S to c k ........... ............
100 z49.466.500 See text.
Guaranteed 1 0 % stock (Michigan South A Nor Ind)
*
533.500 12 In ’07
100
1,000 1897 1,000 Ac 50,000,000
First mortgage $50,000,000 gold.................... U s.c’ Ar
3 >4 g
Bonds (not mortgage) $50,000,000 gold___ G .c’ Ar
1903 1,000 Ac 50.000,000
4 g
do
do
$50,000,000 gold.................................. ..
1906 1,000 Ac 35,000,000
4 g
N otes $ 1 5,000 ,000 g ................. ..................................... cAr
1907 1,000 Ac 15,000,000
5 g
-*
Guaranteed Securities—
K alam azoo A W hite Pigeon first mortgage a ss. . U s e
B attle Cr A Stur 1st M gold guar p A 1 (see M Cen)
Sturgis Goshen A St Louis 1st M gold p A t g u a r ..
Kalam azoo Allegan A Gr Rapids stock rental guar
First mortgage guaranteed................................. Un.c
Erie A Kalam azoo (leased) stock Toledo to Palmyra
Lake Shore System— Mahoning Coal RR— S t o c k ____
Preferred stock (see te x t).....................................................
1st M Youngs to And etc, guar p A 1 (end)------ Un.c
Lake Sup A Ishpem Ry— 1st M $1,200,000 g 8 f .. F . c
Lake Superior So— 1st M $12,000,000 g red te x t-------K
37
41
29
58
58
26
47
47
47
20
1890
1889
1889
1888
1884
1896
1906
1,000
1,000
1,000
100
1.000
50
50
50
1,000
1.000
1,000
400,000
5
79,000
3 g
322.000
3 g
5.95
610,000
5
840,000
10
300,000
1,500,000 12 In ’ 07
5
661,367
5
1.500,000
175.000
6 g
See text.
5 g
When
Payable.
F
J
A
J
S
A O
A S
text.
A O
A O
A I)
A
J
30 A D
M
A
M
See
A
A
J
J
J
J
J
J
J
F
J
M
M
F
J
J
J
A
J
F
F
J
J
J
J
A
A
A
A
A
A
A
A
A
A
A
A
A
&
A
A
&
A
A
A
A
A
A
Bonds— Princi-
Where Payable, and by
Whom.
Stocks— Last
Dividend.
Kansas City Mo
Fisk A Robinson, N Y
Louisville
Standard Trust Co, N Y
Central Tr Co, Chicago
Office, 115 B ’w ay, N Y
do
do
55 W m S t. A s earned
Office, 40 W all S t, N Y
45 Broadway, New York
Bk Brit No A m , London
Aug 1 1927
Sept 1 1934
March 1911
April 1 1950
Sept 1908-1923
May 2 ’04, 1 H %
Oct 1 1923
April 1 1899
June 1 1921
Jan 1 1912
Dec 31 1924
J Office, Gr Cent S ta, N Y j a n 15 ’08, I %
J Chase National B k, N Y Jan 1 1037
July 1 1041
J
do
do
J Grand Cent Stat’n, N Y Jan 29 1908 8 %
A
Feb 1 1008 8 %
do
do
D
June 1 1997
S
Sept 1 1928
N
May 1 1931
A
Feb 1 1910
J
D
n
do
0
J
do
A Mncoln N at Bank, N Y
A Grand Cent Station, N Y
J Union Trust Co, N Y
J
do
do
J Farmers L A Tr Co. N Y
J Knickerbocker Tr Co, N Y
Jan 1 1940
Deo 1 1989
Dec 1 1989
Apr 1908
July 1 1938
Feb 1908 5 %
Feb 1 1908 6 %
Jan 1908 2 H %
July 1 1034
Jan 1 1926
Jan 1 1947
z New York Central holds $45,289 ,200 of this.
S t o c k Is 11,524,(500 8 % p referred an d * 2 ,6 0 0 .4 0 0 c o m m o n (p a r , * 1 0 0 ), a
m ajority o f w h ic h Is held b y th e lessee.
D IV ID E N D S —
1 ’9 4 , ’95. *96-’9 8 . '9 9 . ’0 0 . '0 1 . ’ 02. ’ 03. *04. ’ 0 5 -0 7 .
O n p referred . % . . .
J 9 5 c. 90o
N on«
H
H
1
1
2 1 K N one.
Rental:
In 1906-07, 1905-06, 1904-05 and 1003-04, * 137,500 (bond
Interest) yearly; in 1902-03, $156 ,5 7 4 .— (V . 68, p. 772.)
K E O K U K & H A M IL T O N B R ID Q E CO.— O w ns b rid g e a c r o s s M ississippi
R iv e r a t K e o k u k , l a . , fo r ra ilroa d s an d fo o t passengers. T h e p r o p e r ty was
o rig in a lly leased t o fo u r co m o a n le s . b u t o n ly t w o co m p a n ie s n o w use It,
th ese being th e T o le d o P eoria A W e ste rn an d th e W a b a s h .
R e g a rd in g
g u a r a n ty , see V . 59. p . 969 . O n Judgm en t o f 1889 $20 3 ,0 0 0 has b een c o l
le cte d : o n j u d g m e n t o f 189 4, $14 2,00 0: in A p ril 1901 $14 2 ,0 0 0 w as a w a rd e d .
V . 72, p .8 2 1 .
S to c k , $ 1 ,0 0 0 ,0 0 0 : p a r , $100. C o u p o n s are in d e fa u lt, b u t
m o rtg a g e has n e v e r b e e n fo re c lo s e d , a n d o v e r d u e Interest Is p a id as earnings
p e r m it.
L a st c o u p o n p a id , 2d h a lf o f N o . 46 (du e A p ril 1892) in Jan . 1908.
E A R N I N G S .— Year ending June 30 1907, gross, $60,972 ; net, $40,180;
other Income, $11,612 ; interest on bonds, A c ., $28,258; balance, surplus,
$28,434 .
In 1905-06, gross, $60,762 ; net, $38,834 . Pres., Andrew Car
negie; Treas., Theodore Gilman, 55 W illiam S t ., N .Y . (V . 72, p. 821.)
K L O N D IK E M IN E S R Y .— D a w so n C ity t o S u lp h u r S p rin g s. 31 M m ile s ,
c o m p le t e d J a n . 1907; p r o je c t e d fro m S u lp h u r S prin gs t o th e S te w a rt R iv e r ,
60 m iles. S t o c k a u th o r iz e d , $ 2 ,5 0 0 ,0 0 0 : o u ts ta n d in g , $ 9 4 3 ,0 0 0 . T h e D a w
son G ra n d F o r k s A S tew a rt R iv e r R y . C o r p ., L t d ., ow n s all th e s to c k an d
bonds. V . 82, p. 509.
Bonds, see table above. V . 81, p. 725; V . 86,
p. 857. Pres., J. A . Seybold; Sec., Andrew H aydon, 10 Elgin S t., O ttaw a,
Can.— (V . 81, p. 725; V . 82, p. 509; V . 86, p. 857.)
K IN Q S T O N & P E M B R O K E R Y .— See page 169.
L A K E E R IE A W E S T E R N R R .— R O A D . — O w ns S a n d u s k y . O .. t o
P eoria 111., 413 m iles; b ra n ch t o M in ster, 10 m iles; b ra n ch . In d ia n a p o lis t o
M ichigan C it y , 159 m iles: F o r t W a y n e t o C on n ersvllle and b ra n ch t o R u sh v llle , 129 m iles; t o ta l o w n e d , 711 m iles; leases N orth ern O h io R R . , A k ro n
t o D e lp h o s, 162 m llea; tr a c k a g e , 13 m iles: to ta l o p e r a te d . 886 m iles.
H I S T O R Y . E T C .— Formed In 1887 after foreclosure of the Lake Erie A
Western Railway.
(See V . 50. p. 590; V . 85, p. 600.)
In 1890 control
passed to the Vanderbilts, and on Jan. 1 1908 the Lake Shore & Michigan
South, owned $5,940,000 com. and $5,030,000 pref. stock. V . 7 1 , p. 1269.
D IV I D E N D S — \'01. ’92. ’9 3 -’98. ’09. '00. ’0 1 -’03. ’04. ’0 5 . ’06. ’07. ’08.
5 5 yearly 0
2 4 yearly 3
3
3 3 Jan .l
On preferred______ 4
J
B O N D S .— A b s tr a c t o f first m o r tg a g e In V . 4 6 . p . 45; o f s e c o n d m o r tg a g e
In V . 5 4 , p. 4 4 4 . G u arantees $ 2 ,5 0 0 ,0 0 0 5s N o rth e rn O h io , w h ich see.
E A R N I N G S .— 2 m os.,
Jan. 1 to Feb. 29.
1 1 9 0 8 .............. Gross,
J1907________ Gross.
$666,826;
786,671;
net,
net,
$80,201
182,766
A N N U A L R E P O R T .— Annual report for 1907 was In V . 86, p. 852.
Year ending Dec. 31—
1907.
1906.
1905.
Gross earnings___________________________ $5,066,940
$5,212,812 $5,037,295
N et (Including other Income)_________ 1,219,125
1,451,318
1,450,454
Deduct— t a x e s ..............................- ..............
211,382
263,066
257,522
Interest on bonds------------------543,750
543,750
543,750
Northern Ohio Interest guaranteed-125,000
125,000
125,000
Rentals and miscellaneous---------------95,329
69,341
80,530
Dividends on preferred stock..........(2 % )2 3 6 ,800(3 % )3 5 5 ,200(3 % )3 5 5 ,200
Additions and betterments------------------------87,092
70,139
Balance, surplus_____________________
$6,864
$7,868
$18,313
— (V . 84, p. 9 2 7 ; V . 85, p. 345, 600, 1574, 1576; V . 86, p. 795, 852.)
L A K E SHORE A M ICH IOA N SOUTHERN R Y .— (See M aps New York
Central.)— Operates from Buffalo to Chicago with branches. The main line
(540 miles) Includes 26 miles between Toledo and Palm yra, M ich., under
lease from the Erie A Kalamazoo (535 miles has double track).
-—
Leased ('see M s Co.)
M iles.
Road owned directly.
M
iles.
58
Buffalo. N . Y . , to Chicago. 111..540 K alam azoo A A G. R --------------51
Sundry branches__________________339 Jamestown A Franklin...............
Mahoning Coal R R --------------------72
Entire stock owned.
Detroit & Chicago__________________26 Erie A K alam azoo (26 m ile s )..T e x t.
*65
Detroit Monroe & Toledo--------------- 55 Detroit Hillsdale & S W .............
»98
Kalamazoo & W hite Pigeon----------- 37 Fort W ayn e & Jackson------------66
Northern Central Michigan................61 Detroit Toledo & Milwaukee. . _
7
Sturgis G & St. Louis........................... 29 Battle Creek A S tu rg is................
Central Trunk_____
5
Grand total oper. Jan. 1 '0 8 . 1,520
Elkhart & W e s t e r n ........................... 11
O f which owned-------------1,103
B y control of “ Nickel Plate” the Lake Shore has still another line from
Buffalo to Chicago. Operates Dunkirk Allegheny Valley & Pittsburgh,
Dunkirk, N . Y . . to Titusville, P a ., 91 miles, since O ct. 1 1901 for account
of New York Central.
(V . 73, p. 663.)
,
■Owns $17,000,000 stock of Chicago Indiana & ' Southern R R ., which
see. V . 84, p. 753, .754. Branch from Franklin, P a ., to Brookvllle, 55
m iles, waSiUnder construction in July 1907 and 25 miles o f track laid.
O R G A N IZ A T IO N , A c.— A consolidation on Aug. 16 1869.
In 1898-99
$ 45,289 ,200 o f the capital stock was purchased b y t h e N . Y . L. A H . R . R R .,
which gave In exchange Its 3 H % bonds at the rate of $200 In bonds for $100
Instock . V . 66, p. 288; V . 69, p. 1237.
„ . w
,,
New York Chicago A St. Louis road has been controlled by ownership of
stock since 1882, Lake Shore now owning $ 6 ,240,000 o f Its common.
$6 275,000 of its second preferred and $2,503,000 of its first preferred stock.
The com pany also controls and leases the Mahoning Coal R R . (see Lake
Shore "S y s te m ’ below) and owns (besides entire stock of proprietary lines)
$5 000 100 Pittsburgh A Lake Erie stock; $30,207 ,700 of the $o0,000,000
Cleve. Cln. Chic. A St. Louis common stock: also $ 5 ,940,000 of the * l i , .
840,000 common and $5,930,000 of tho $11,840 ,000 Lake Erie A Western
Dreferred
V . 71 p. 1209; V . 72. p 870' V . 82 p. 749.)
V In 1901 purchased from surplus earnings $3,200,000 Lehigh Valley R R .
stock for $ 1,920,000; total Lehigh stock owned, $5,700,000. V . 7 4 , p. 879.
A ls o o w n s o n e -h a lf o f th e $ 6 0 ,6 6 5 ,0 0 0 R e a d in g C o. s to c k a cqu ired b y th e
P e n n 8 y lv a n ia -V a n d e rb llt In terests, v i z ., $ 6 ,065,000 first p re fe rre d . $ 1 4 .
26 5 ,0 0 0
s e c o n d p re fe rre d a n d $10 ,0 0 2 ,5 0 0 c o m m o n s t o c k , the o th e r h a lf
bein g h e ld b y th e B a ltim o re & O h io. V . 8 0 , p . 1856. A s t o pu rch ase o f
o n e -s ix th Interest In m a jo rity H o ck in g V a lle y R y . c o m m o n s t o c k , see th a t
c o m p a n y . V . 7 6 , p . 102, 158; V . 7 7 . p . 451 ; V . 8 3 , p . 37.
L ist o f sto ck s o f c o m p a n ie s o w n ed D e c. 31 1907, V . 86, p . 802. See a ls o
V . 7 8 , p . 4 8 . 190 4; V . 80, p . 1852; V . 82, p . 749.
D I V I D ’S .— V 9 2 . ’ 9 3-97. ’ 98. ’ 99. ’ 00. ’ 01. '0 2 . ’ 03. ’ 0 4 . ’ 05. ’ 06. ’ 07.
’ 08,
S ln c e ’ 9-1, p.c.J 6 > 4 6 y ’ r ly . 6 ^
7
7
7 7
7 8 8 8
12 J a n .8
Jan . 1908 d iv id e n d In clu ded 6 % sem i-ann ual a n d 2 % e x tra .
R o n d s — F o r $ 5 0 ,000 ,00 0 m tge . o f 1907, see a b stra ct In V . 64, p. 1182, and!
V . 66, p. 1140; V . 68, p. 1182; V . 7 3 , p. 1264; V . 75, p. 290; V . 77, p. 203 5.
O f th e $ 5 0 ,0 0 0 ,0 0 0 a u th o riz e d de b e n tu re 4s o f 190 3, $40 ,0 0 0 ,0 0 0 w ere
so ld t o p a y o ff th e $25 ,0 0 0 ,0 0 0 loan m a d e fo r th e p u rch ase o f R e a d in g
s t o c k , w h ic h m atu red Jan. 190 4, an d flo a tin g d e b t in cu rred fo r o th e r a c q u i
sition s; b a la n c e sold In 1905. T h e y are t o b e secu red h y a n y n e w m o r t
g a g e . V . 7 7 , p. 174 7, 2035; V . 78, p . 48; V . 8 0 , p . 1912.
In F e b . 1908 $ 3 5 ,000 ,00 0 o f 2 5 -yea r 4 % b o n d s o f a new issue o f $ 5 0 ,0 0 0 ,
000 w e re so ld fo r Im p ro v e m e n ts. V . 82, p . 392- V . 8 4 , p . 996 .
J o in t ly w ith fo u r o th e r ro a d s co v e n a n ts to p a y $ 3 0 ,0 0 0 ,0 0 0 N . Y C en tral
L in es 5 % c a r trusts o f 1907. the c o m p a n y ’s share o f e q u ip m e n t leased b e in g
a b o u t $ 6 ,7 5 0 ,0 0 0 . V . 85. p. 1402; V . 86, p . 168, 801 , 803.
G U A R A N T I E S .— A d d itio n a l guaran ties n o t sh ow n a b o v e , see C h ic a g o
In d ian a & S o u th e rn , D e tro it H illsdale & S. W . a n d F t. W a y n e & J a c k s o n .
G E N E R A L F I N A N C E S .— N o th in g has b een ch a rg e d to co n s tr u c tio n o r
e q u ip , a c c t . sin ce 1883 e x c e p t $ 7 ,500,000 fo r n e w e q u ip . In 1906, th e o u t la y s
c h a rg e d t o o p e ra tin g e xpen ses fo r n ew e a u lp . a c c t . a m o u n tin g in 1907 to.
$ 91 1,12 6 a n d In 1906 to $ 1 ,2 0 1 ,8 7 7 , an d fo r c o n s tr u c tio n to $4,08 2 ,9 8 8 In
1907, a g a in st $ 4 ,2 2 1 ,8 4 6 , these Items be in g e x c lu s iv e o f e x p e n d itu re s fo r
renew als.
P ro fit an d loss surplus Jan . 1 1908 $17 8 0 5 ,2 5 9 .
In J a n . 1907
$ 1 5 ,0 0 0 ,0 0 0 3 -y e a r 5 % n o te s w ere so ld . V . 84, p! 271.
E A R N I N G S .— 2 m o s .,1 1 9 0 8 _____ G ross, $5 867 ,4 2 3 ; n e t. $1,501,073.
Jan . 1 to F e b . 29.
J19 07.......... .G r o s s ,
6 ,7 2 8 ,4 4 3 ; n e t,
1,807,714
A N N U A L R E P O R T fo r 1907 a t len gth w as In V . 86, p. 701 . 801
Y e a r e n d i n g D e c . 31—
1007
1906.
1905.
T o t a l gross ea rn in g s.................................. $ 4 4 953 475 $ 4 2 ,5 4 4 ,3 7 8 $38,600,810*
O p e ra tin g e x p e n s e s................
34,538,461
3 2 .675,801 31,331,510
N et e a r n in g s .......... ................................. $10 ,4 1 5 ,0 1 4
$ 0 ,8 6 8 ,5 7 7 $ 7 ,2 6 9 ,3 0 8
N e t, In clu d in g o th e r In co m e ............... $ 1 6 , 1 3 1 , 4 3 3
$14 ,0 2 2 ,0 8 2 $ 1 0 ,7 8 7 ,062R e n ta ls p a i d .................................
1,420,244
1 ,4 5 0 , 1 8 6
1,305,615
In terest o n d e b t ...........................................
5 ,9 4 9 ,9 0 9
4 ,5 9 3 ,2 9 4
3,91 1 ,0 3 7
T a x e s ..........................
1 ,3 00,875
1 ,4 38,640
1,05 0 ,0 0 0
D iv id e n d s o n gu aran teed s t o c k ...............
7 4 ,690
5 3,350
53,350
D iv id e n d s on c o m m o n s t o c k _______ (1 4 )6 ,9 2 5 ,3 1 0 (1 0 )4 ,9 4 6 ,6 5 0 (8 )3 ,0 5 7 ,3 2 0 .
Su rplu s o v e r d iv id e n d s..........................
$460,406 $1,53 9 ,9 6 2
— (V 85, p. 1402, 1574, 1576; V . 86, p . 285, 791, 801.)
$51 0,64 5
LAKE
SH O R E S Y S T E M .— M A H O N IN Q C O A L
R R . — O w ns fro m
Y o u n g s to w n to A n d o v e r , O ., a n d b ra n ch e s, 72 m iles.
In D e c. 1907 p u r
ch ased a o n e -h a lf Interest In th e L a k e E rie Y o u n g s to w n & S o u th ern anct
L a k e Erie & E astern ra ilroa d s, b u ild in g a b elt a n d sw itch in g line fro m
G irard to S tru th ers, re a ch in g fa cto rie s In Y o u n g s t o w n , O ., a n d v ic in it y .
L ea sed In p e rp e tu ity fo r 4 0 % o f gross earn in gs t o L a k e S h ore, w h ich
Jan . 1 1908 o w n e d $86 5,90 0 c o m m o n an d $39 9,50 0 preferred s to ck .
D I V I D E N D S .— 1 ’99. 90. ’ 91. '9 2 . ’ 93. '9 4 . ’ 95 t o A u g . ’ 06. ’ 07. 1908.
On com m on .
J4^ 5 4 ^ 8H
8
8
10 y e a r ly .
12 F e b ,6
T h e preferred s to c k certificates are 5 % gu a ra n te e d a n d c o n ta in a c la u s e
m a k in g th em re d eem able a t par a t o p tio n o f c o m p a n y .
Y e a r en d in g D e c. 31 1907, rental a n d o th e r In com e, $ 1 ,149,49.); surplus
o v e r Interest a n d 12 % o n c o m . a n d 5 % on p r e f., $ 8 6 0 ,1 4 5 .— (V . 83, p .1 5 2 4 ).
L A K E S U P E R IO R SO U T H E R N R Y .— See Issue Jan . 1908.
L A K E S U P E R IO R T E R M IN A L & T R A N S F E R CO.— O w ns 16 m iles o f
tr a c k used fo r transferring cars betw een th o d e p o ts an d track s a t W est
S u p e rio r, W Is ., o f th e p ro p rie ta ry c o m p a n ie s , v iz ., N o rth e rn P a cific , C h ic.
S t. P a u l M in n. & O m aha and D u lu th S uith S h o re A A tla n t ic , w h ich ow n
th e $119,400 s to c k ($ 1 ,2 0 0 ,0 0 0 a u th o r iz e d ).
B o n d s , see ta b le a b o v e .
D . M . P lillb ln , P r e s ., W e st S u p e rio r, W Is .— (V . 8 2 , p . 161.)
L A K E T A H O E R Y . A T R A N S P . CO .— See R a ilw a y a n d In du strial S e c
tio n A p ril 190 6.— V . 86, p. 337.
LANCASTER OXFORD A
SO U T H E R N
R R .— See p a ge 170.
L A N S IN G M A N U F A C T U R E R S ’ R R .— See V . 8 1 , p . 1375; V . 8 2 , p . 692.
L A R A M IE H A H N ’ S P E A K A P A C IF IC R Y .— O w n s fro m L a ra m ie , W y o .
t o Cen ten nial 30 m iles; op e n e d J u ly 1907. E x te n sio n un d er con stru ction ,
fro m Cen ten nial t o H e b ro n , C o l., 78 m . S to c k a u t h ., $9,000,000 c o m ,; p re f.
6 % n o n -c u m ., $1,00 0 ,0 0 0 a u th .; p ar o f shares, $10 .
(See V . 7 7 , p. 824 .)
In D e c. 1907 the refu n d in g 6s ($ 1 ,800,000 a u th . Issue) w ere o ffe re d , $24 0,00 0
b e in g reserved t o retire the first 6s; th e y are s u b je c t to call a t 115 fo r a sin k
in g fu n d o f a t least $50 ,000 y e a r ly , begin n in g 1912.
V . 85, p. 1646.
P r e s .,
F re d . A . M iller, L a ra m ie , W y o . — (V . 8 2 , p . 805; V . 8 5 , p . 1646.)
L E A V E N W O R T H T E R M IN A L R A I L W A Y A B R I D G E — O w n s h ig h w a y
an d railroad b rid g e (o p e n e d Jan . 1 189 4), 1,110 f t. lo n g , o v e r M issouri R iv e r
a t L e a v e n w o r th , K a n ., and v a lu a b le te rm in al p r o p e r ty In th a t c it y . T h e
m tg e . co n ta in s a s. f. p ro v is io n . K an sas C ity S t. J osep h A 0 . B . (C h ica g o
B . A Q .) a n d C h ic. R . I. A P . use th e b rid ge a t an ann ual rental o f $16 ,000
e a ch , u n d er a 3 0 -y e a r c o n tr a c t fro m 1894, an d C h ic. G t. W estern fro m S e p t.
1 189 5, fo r 30 y r s .; rental $ 1 4 ,2 5 0 . F or y ear 190 6-0 7, gross, $7 0 ,6 1 6 ; net
$51 ,6 2 9 ; In t., $30 ,0 0 0 ; bal. sar. .$ 2 1 ,629. S t o c k , $ 6 0 0 .0 0 0 .— ( V . 6 0 , p . 494.)
L E H IG H A H U D SO N R I V E R R Y .— O w ns fro m M a y b ro o k o n Central*
N e w E n gla n d R y . to B e lv ld e re , N . J . , on th e P e n n . R R ., 74 m ile s..
A pr., 1908.
R A IL W A Y
RAILROADS.
For explanation of column headings, &c., see notes
on first page of tables.
Lake Superior Term & Transfer— 1st M $500 ,00 0------L Tahoe Ry & Tr Co— 1st M g $500,000 s f beg 1005
Lancaster Oxford & Southern— 1st M $200,000 g o ld ..
Lansing Manufacturers— 1st M serial Interest r e n ta l..
Laramie H P & Pac— 1st M $8,000 per m g ..A B .c *
1st ref M $1,800,000 gold sink fd red 1 15-----------Gc*
Leavenworth Terminal Ry & Bridge— 1st M gO ld.-C e
Lehigh & Hudson River— 1st M gold Int red to 5 % .C e
Second mortgage gold_________________________________
Warwick Valley first mortgage extended in 1 9 0 0 ..
Second m ortgage-------------- ----------------- ..........................
Leh A Hud R lv gen M $3,000,000 g (see text) -Ce.c*
Debentures $400,000 red 105 after Nov 1 9 1 1 ...........
Equip trust certs gold due $40,000 y e a r ly .. PeP.c
Lehigh & New England— 1st M $1,000,000 g o ld ._F P
Northampton 1st M g $300,000 guar red 105.FP .C*
Lehigh A Delaware 1st gen M redeem at 1 0 5 _ ............
Consolidated mortgage $3,000,000 gold call at 1 0 5 ..
Lehigh A Lackawanna first m ortgage................ ...........
Lehigh Valley— Common stock_____________________GP
Preferred stock 1 0 % (V 7 9 , p 151, 269)..................GP
First mortgage extended In gold In 1898___ G P.cAr
Second m o rtg a g e _____________________________________ r
Consolidat Ml coupon A reg $4,762,000 4 > ^ s_.cA r
$40,000,000/an n u lty $2,538,000 are 4 j ^ s ____ FP
General consol M $150,000,000 gold____ G P . c ' i r . .
Collateral trust bonds $19,000,000 see text_G P c* Ar
Equip, trusts Series C g. due $200,000 y e a r ly .. PeP
do
gold Series D due $300,000 yearly...............
gold Series E _____ _______ ___________________
do
do
gold Series F _________ ___________ __________
do
gold Series G due $100,000 y e a r ly .________
do
gold Series H due $90,000 y e a r ly .................
do
gold Ser. I due $400,000 y ’ly (V . 85. p.412)
do
gold due $250,000 seml-an ser J ___Usm c*
Bends of Controlled Properties—
Lehigh A N Y 1st M gold guar p A 1_______ M p.c’ i r
Leh Val of N Y 1st M gold guar p A 1 (end) G P.c* Ar
Lehigh A Lake Erie first M $3,000,000 gold_____
STO CKS
Miles Date Size, or
Par
Amount
of
of
Road. Bonds. Value. Outstanding
16 1901
28 1905
5 1905
30 1904
___ 1907
3 1893
42 1881
63 1887
15 1879
22 1881
63 1890
1907
1906
1895
15 1902
1904
All
1903
1877
10 1
10 1
...
1868
1870
1873
1873
1903
1905
1890
1899
1899
1902
1902
1905
1906
1907
117
283
...
1895
1890
1907
/
46l\
1.000
100 Ac
1,000
1,000
1,000
1,000
1,000
1 000
500 Ac
500 Ac
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
E A R N IN G S .— 6 m o s .,/1 9 0 7 ........................Gross, $473,149; net, $119,677
11906------------------ Gross,
371,864; net,
149,376
Surplus over charges, $ 7 ,7 4 0 ,against sur. $67,236 In 1906. V .8 5 .p . 1512.
A N N U A L REPORT.— For years ending June 30, V. 85, p. 1513.
Year end. June 30—
Gross.
Net.
Int., tax, &c. Bal.,sur.
1906-07 .................................. .$ 8 4 4 ,3 3 4
$304,283
$260,896
$43,387
1905-06 _____ ______ - ........... 662,386
255,241
182,750
72,491
Lewis A. Riley, Pres., Philadelphia, Pa. New Directors, Dec. 1904,
V. 79, p. 2642.— (V. 82, p. 449; V. 83, p. 96, 1588; V. 85, p. 1513.
LEHIGH A NEW ENGLAND R R.— Operates road from Slatlngton, Pa.,
to Campbell Hall, N. Y ., 95 m ., Bethlehem to Bangor, Pa., 31 m.; Bath to
Martin’s Creek, Pa., 20 m.; branches, 32 m.; total, 178 m ., of which two sec
tions, aggregating 35 m ., are trackage, leaving 143 m. owned. V. 79, p.
2642.
In Jan. 1904 Lehigh Coal & Navigation Co. acquired control.
V. 78. p. 229, 1781 1962.
SECU R ITIES.—Stock, $1,000,000; par, $50. Of the consols of 1903
($3,000,000) $1,300,000 Is Issuable to retire underlying bonds, the remainder
for extensions and Improvements; trustee. Provident Loan A Trust Co.,
of Philadelphia. V. 77, p. 951. Early In 1908 cars costing about $500,000
were ordered, the cost to be met later by an Issue of car trusts. V. 86 , p.918.
EARNINGS.— For year ending June 30 1907 (132 miles), gross, $686,277;
net, $225,036; charges, $207,205; balance, surplus, $17,831. Pres., W . A.
Lathrop; V.-P. and Gen. Mgr., Rollln H. Wilbur; V.-P . and Gen. Counsel,
Wm. Jay Turner; Sec. and Trcas., II. F. Baker.— (V. 78, p. 1962; V. 79,
p. 2642; V. 85, p. 1646; V. 86 , p. 918.)
LEHIGH V AL LE Y RR.— (See Map.)— Jersey City, N. J.. opposite N. Y .
City, to Buffalo, N. Y ., 450 miles, with branches, viz.: (*Seo these cos.).
Fee or Entire Stock. Owned—
Allies.
Miles. Lehigh A N. Y ., Pa. State line
Buffalo, N. Y ., to Sayre, Pa___ 181
115
to No. Fair Haven, N. Y ___
VVIlkesbarre, Pa., to Jersey
O th e r __________
70
City.............................................. 174 Leased— State Line A Sullivan,
Elmira Cortland & Nor*_____
139
otc.......................................
*28
Branches........................ ............... 644 Trackage to Susp. Bridge,A c ..
49
Pa. & N. Y ., Wllkesbarre to Pa.
State line (with 43 miles
Total June 30 1907__________ 1,440
579
branches) __________________
140 Second track______ ______
H ISTORY, Ac.— In 1901 tho Erie, Lackawanna, Central of New Jersey,
Reading and Vanderbilt Interests entered the directory, but In 1908 the
Erie and other holdings were reported as sold. V. 72. p. 137, 391; V. 86 ,
p. 228. The Lake Shore A Mich. Sou. In 1901 purchased $3,290,000 of
the stock. V. 74, p. 883. The Reading Co. on June 30 1907 owned
$1,000,000 and the Central RR. of New Jersey $1,600,000 stock. V. 81,
p. 971. For list of securities owned, see V. 66 , p. 187.
In October 1905 the entire capital stock of Coxc Bros. A Co., owning ex
tensive coal properties In Luzerne and Carbon counties. Pa., and of the
Delaware Susquehanna A Schuylkill R R ., extending from Drlfton to
Gowen, Pa., 31 miles, with branches, 17 miles, were acquired. See
“ Finances” below. V. 81, p. 1175, 1242, 1376; V. 82, p. 100; V. 83 p. 702.
COAL PR OPER TY.— The Lehtgn Valley RR. Co. owns 3,619 acres of
coal lands and all the ($650,000) stock of the Lehigh Valley Coal Co., which
In December 1893 owned anthracite coal and surface lands:
Total acres. Coal acres.
Est’d yield
Owned In fee . ............................................15,217
7,242
124,000,000
Perpetually leased................................... 8,123
5,741
111,000,000
Term leases............................................... 1,708
1,708
47,000,000
Controls through stock owned............... 9,229
4,519
50,000,000
The Hazelton Coal Co. (chartered In 1896) stock Is owned and Its $2,000,
000 first mort. 5s also owned and guaranteed— see V. 64, p. 137. In 1905
purchased the holdings of Coxe Bros. A Co. V. 81, p. 1175; V. 83, p. 702.
The Coal Co. shipped from collieries owned and controlled 8.867,254 tons
of anthracite coal In 1906-07, against 7,667,665 tons In 1905-06; total coal
and coke tonnage, 1906-07, was 14,374,216.
DIVS.— 1 ’87. ’ 88 to ’01. ’92. '03. '94 to ’03. 1904. ’05. ’06. '07. 1008.
Since’83 % / 4 Mi 5 yearly 5 Ii 4
None Aug .,1 4
4
6 Jan., 3
In Jan. and July 1907 and Jan. 1908, 2 % and 1 % extra. V. 84, p. 102,
158, 1551.
BONDS.— Tho gen. consol, mtge. of 1903 will secure $150,000,000 bonds,
bearing not to exceed 5 % lnt., covering the entire road, the stock of the
Lehigh Val. Coal Co. and other stocks owned. Of the bonds, $10,000,000
were Issuable at once, $ 1 0 ,000,000 were reserved to retire $8,516,000 car
trusts, ser. A to G Indus., and $ 1 ,535,000 coal purchase bonds, $96,000,000
to retire at or before maturity outstanding fixed obligations amounting to
$94,130,000 (lncl. the coll, trust bonds, and $2,000,000 coal trust certificates
of 1902, which were called for payment), on payment of which the
general consols will bo a first lien on all the property of the system, except
as to $12,600,000 annuity bonds, which are a perpetual charge; the re
maining $34,000,000 arc Issuable at not exceeding $2,000,000 a year, or
such larger amounts as may be authorized by stockholders, beginning Jan 1
1906, for acquisitions, terminals, coal properties, equipment, Ac. Old
bonds may, however, be extended If necessary for not over two years.
Provision may bo made at the time of Issue of bonds thereunder for the right
to convert Into stock at the pleasure of the holder not over $25,000,000 at
any one time. V. 77, p. 824; V. 78, p. 287; V. 79, p. 1642; V. 82, p. 1380.
See property covered In V. 81, p. 211.
The purohase of the stock of Coxe Bros. A Co. ($2,910,150) and of the
Delaware Susquehanna A Schuylkill RR. ($1,500,000) In Oct. 1905 was
financed by an Issue of $19,000,000 coll, trust 4 % bonds, to be retired in
$600,000 semi-annual Instalments beginning Aug. 1907 and secured by
$195,000
300,000
200,000
75,000
240,000
See text
600,000
800,000
164,000
145,000
240,000
1.320,000
239.000
360,000
1 ,000,000
300,000
750,000
1,380,000
100,000
500
50 40,334,800
106,300
50
5,000,000
1,000
6 ,000,000
1,000
1,000 10,400,000
1,000 12,600 000
1,000 Ac 22,639,000
1,000 18,000,000
400,000
1,000
600,000
1,000
82,000
1,000
80,000
1,000
300.000
1,000
450,000
1.000
1,000 NoneJ’y ’07
4,750,000
1,000
trackage, S. E. A 1>. RIt., Phllllpsburg to Easton, 1 m.; trackage, Penn RR.
Belvldere to Phllllpsburg, 13 m.; Ont. A West., Burnside to Campbell
Hall, 2 m.; D. L. A W . trackage, Andover Jet. to Port Morris, N. J., 8 m.;
total operated, 98 miles. V. 79 , p. 269. Stock, $1,340,000; par, $100.
BONDS.— Of the $1,320,000 gen. mtge. bonds out, $1,062,000 are guar,
jointly p. and 1., by the Central RR. of N. J. and Leh. Coal A Nav. Co. An
additional $1,350,000 arc reserved to take up prior liens and $33 i.OOO for
extensions or acquisitions of connecting roads. See form of guaranty,
A c., In V. 67, p. 788; also V. 85, p. 1513. Equlpt. trust 4*^s, V. 83, p. 96.
July to Dec. 31.
AN D
2 ,000,000
15.000,000
2 ,000.000
75
BO NDS.
INTEREST OR DIVIDENDS.
Rate
%
When
Payable.
6
Where Payable, and by
Whom.
O
O Merc Tr Co, San Fran
O Farmers Tr Co, Lancaster
J Union Trust Co, Detroit
J Amer Loan A Tr Co, Bost
O LBamum ACo.NYALosA
J Central Trust Co, N Y
J National Exch Bank,
N Y , and First Nat.
,T
O
Bk, Warwick, N Y
O
J
N Irving Nat Exch Bk N Y
I) Philadelphia
J 108 So 4th St, Phlla
J
do
do
J
O
do
do
D
J Checks mailed
10
J
do
j
I) Office, 228 So 3d St. Phlla
4g
7
M
S
4«A 6 J
I)
do
do
4J^ A 6 J
1)
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N JPM organ ACo.N YAPhll
4g
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F
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4H g J
S Prov Life A Tr Co. Phlla
4H g M
F
A Philadelphia
4H
M
N
do
F
A
do
F
A
4g
M
vS
4 g
4H g M & S Philadelphia
A
A
A
J
J
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,T
J
J
A
6
A
J
5g
4
M
4H g J
J
5g
5g
J
5
J
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5g
7
J
6 In 1907 J
5£
5e
5g
6£
6g
5g
0g
5g
4^
.r
A
A
A
A
A
A
A
A
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A
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4 1* g M A
J
Bonds — P rinci
pal. When DueStocks— Last
Dividend.
1
i1
1
1
1931
1935
1915- 30
1929
1 1932
1 1923
•1 1911
1 1917
1 1911
11 1912
1 1920
July 1 1920
Junel ’08-T6
July 1 1945
Jan 1 1952
July 1 1954
Oct 1 1953
Dec 1 1908
1910
1923
ar 1 1910
1 1909
1 1909
ug 1 1910
'eb 1 1913
-------;ept 1 1910
Sept ’08-Sep ’ 17
s J P Morgan
A Co. N Y
J JPMorgan ACo.N Y A Phil
s ............................................ Mar
1 1945
1 1940
1 1957
deposit of those stocks. The bonds are subject to call as a whole at 102 H
beginning Aug. 1 1912, or In the order of serial numbers. V . 8 1 , p. 1175
1242, 1376; V . 82. p. 100: V . 83, p. 702; V . 84, p. 1428.
G U A R A N T I E S .— E lm ira Cortland <fc N orthern R R .— This road, with the
Canastota Northern, runs from Elmira to Canastota and Camden, N . Y .,
140 miles. Stock, $2,0 0 0 ,0 0 0 , Is owned. V . 62, p. 364, 1177.
Lehigh V a lley R ailw ay C o . o f N ew Y o r k .— Owned Buffalo, N . Y . , to near
Sayre, P a ., 175 m . double track, and branches to Ithaca, Auburn, A c ., 106
m .; In all 281 miles, covered by $15,000 ,000 m tge. of 1890, but In 1903 and
1905 consolidated with other sub. cos. and In 1907 absorbed tho Lehigh A
Lake Erie; total mileage now Is 501 miles. Stock, $11,2 0 0 ,0 0 0 , till owned
by Lehigh V a l.E R ., was In June 1907 authorized to be Increased to $ 1 3 ,5 4 3 ,
0 00, of which $11,543 ,000 Issued. Mortgage abstract, V . 51, p. 114; V . 7 7 ,
p. 147, 972; V . 81, p. 784; V . 83, p. 38; V . 84, p. 1366.
Lehigh V a lley Term in al R a ilw a y .— Owned double-track road from South
Plainfield, N . J ., to Jersey C ity, with about 125 acres at Jersey City and a
largo water front there, Ac. Merged In A u g. 1903 wltn other sub. cos.
*n L . V . of N . J ., having a total mileage of 119 m .. Its $12,506 ,000 out
standing stock ($7,927,000 additional In treasury) being all owned by
Lehigh Val. R E . V . 7 7 . p. 972; V . 53, p. 6 4 0 ,8 8 0 : V . 81. p. 784; V . 83, p.703.
M o r ris C a n a l.— Leased for 999 years and dividends guaranteed. Bonds
all owned by Lehigh V alley. See V . 5a p. 137.
P en n sy lva n ia & N ew Y o rk C anal & R ailroad .— Leased for 99 years from
Dec. 1 1888 to Lehigh V alley, which has assumed Its debt and owns all Its
stock. The consols Include $4,000,000 of 5 per cents, $3,000,000 of
4s, $1,500,000 Of 4 H s .
62 p. 950.
Lehigh V a lley C oa l C o .— See ‘ 'Coal Property” above. V . 81, p. 1726.
Consolidated Real Estate C o .— See V. 78, p. 1223; V . 79, p. 1271; V . 8 3 ,
p. 702. To June 30 1907 none had been Issued.
S eneca C ou n ty R y ., $500,000 guaranteed bonds, none Issued June 30
1907. See V . 79, p. 1271.
In March 1907 the Lehigh A Lake Erie made a mortgage to secure $ 3 ,0 0 0 ,
000 bonds for a terminal line, of which $ 2 ,000,000 were sold in 1906-07.
V . 81, p. 211; V . 83, p. 702. The road Is leased for 999 years. V . 84, p.
1248; V . 80, p. 412.
E A R N I N G S .— For 8 months ending Feb. 29 1908; gross, $24 241 95 5 ’
net, $8,353,602. V . 86, p. 52.
*
’ *
’
’
’
A N N U A L R E P O R T .— Fiscal year ends June 30. The report for 1906-07
was given In V . 8 5 , p. 4 01, 410. See also editorial, p. 378.
1906-07.
1905-06.
1904-05.
Earnings from c o a l - . ..................................$15,110,899 $13,248,565 $13,530,337
Miscellaneous fre ig h t__________________ 14.996,673
13,934,127 12,432,583
Passengers....................................................... 4,363,452
3,971,392
3,509,825
Mall, express, A c _________ __________ 1,597,408
1,635,772
1,803,098
v.
.$36,068,432 $32,789,857 $31,275,843
. 22,114,253 20,152,211 18,929,701
Other Income.
.$13,954,179 $12,637,646 $12,346,141
.
945,138
808,852
453,011
Taxes ........... ..
Mlsccllancous.
.$14,899,317 $13,446,408 $12,709,152
. 2,068,590
1,570,227
1,411,551
. 5,865,976
5,673,892
5,217,376
.
885,909
707,040
724,050
53,888
43,755
53,286
Net Income_______________
Net Income coal properties
. $8,874,363
. $6,024,954
.
111,250
$7,994,914
$5,451,584
318,489
$7,406,263
$5,392,889
635,548
. $6,138,204 $5,770,073 $6,028,437
. (10)10,630
(10)10,630
(15)15,945
(5)2,016.740 (4)1,613,392 (3)1,210,044
Balance, surplus........................ ............$4,108,834
$4,146,051
$4,802,448
Pres., E . B . Thom as, 143 Liberty S t ., N . Y .; A sst, to Pres., E . A . A l
bright: 1st V .- P ., J. A . Middleton; Gen. M gr., M . B. Cutter; Treas., VV. C.
Alderson; Sec., D . Q. I3alrd, 228 So. 3d S t ., Philadelphia; Executive C om .:
Chairman, Eben B. Thom as; Geo. F . Baker, E . T . Stotesbury, Charles
Steele, H . M cK . Tw om bly and Geo. F. Baer.
Directors— Edward T . Stotesbury, S. P. W olverton, Joseph W harton.
Geo. H . McFadden, Charles Steele, Irving A . Stearns, Abram Nesbitt,
H . M cK . Tw om bly, Ebcn B. Thom as, Geo. F . Baker, E . B. Sm ith. Geo. F.
Baer and R obt. C. IJpplncott.— (V . 85. p. 1005; V. 86, p. 52, 480.)
LEXINGTON & EASTERN RY.— Owns from Lexington, K y ., to Jackson,
K y .. about 92 miles. Extension from Jackson to Hazard. K y ., 33 miles,
to bo begun In spring of 1908. Stock, $500,000; par, $100.
Reorganized
without foreclosure In 1901 per plan V . 73, p . 663.
B O N D S .— The 1st mtge. 5s were extended at same rate of int. to July 1
1911, the com pany having the right to call and redeem all or any of them at
102 and lnt. All Int. on tho gen. mtge. bonds was waived to Aug. 1 1901,
lnt. thereafter to be paid In cash Feb. and Aug. 1, as follows: 2 % yearly
for 5 years, then 3 % for 5 years and 5 % yearly thereafter to maturity. D e
ferred debentures will be Issued from time to time for bal. of the Int. not paid
In cash on the gen. m tge. bonds accruing after Aug. 1 1901. such debentures
($375,000 eventually) being payable without lnt. whenever the company
shall decide (either In cash or gen. m tge. bonds), but Immediately If
dividend Is declared on stock.
E A R N IN G S .— 8 m o s .,/1 9 0 7 -0 8 ________ Gross, $358,737; net, $117,549
July 1 to Feb. 29.
11906-07............... .G ross, 360.196; net, 14 3 ,5 3 3
Year ending June 30 1907, gross, $583,529; net, $199 ,04 3; other Income.
$910; charges. $137,000; bal., sur.. $62,053. Pres., Arthur Cary. Lexing
ton, K y .— (V . 76, p. 542.)
LEXINGTON UNION STATION CO.— Owns station at Lexington. K y ..
opened July 1907.
Common stock, $15,000, owned equally by Loulsv. A N a sh r., Ches. A
Ohio and Lexington A Eastern. There will be Issued $500,000 of the 4 %
cumulative (non-voting) preferred stock, secured by mort. and rentals paid
by above-named roads. Pres., J. Rogers Barr; SecandTroas., A . Mitchell Jr.
a
[VOL. LXXXVI.
RAILWAY STOCKS AND BONDS.
R A IIM O A D S .
F or exp la n a tion o f colu m n headings, A c . , see notes
o n fir s t page o f tables.
IN T E R E S T OR D IV ID E N D S .
M iles Date Size, or
Amount
Par
of
of
Road. Bonds. Value. Outstanding
ta h ich Valley— (Concluded)
Lehigh V a l Term 1st to gold guar p & 1 end.C e.c* &r
B o s t o n & A m b oy 1 s t to Easton to Perth Am b oy guar
B o s t o n <fa Nor 1 st M gold guar by Leh V a l.a P .c * & r
Middlesex V alley 1st M 1600,000 gold_______Ce.c*
P o n n & N Y C an A R R — C onsgu (text) p& 1 (e n d ).Q P .r
Elmira Cortland & Nor 1st prel M gold_______ Ce.c*
First mortgage gold guaranteed p & 1 (end)___ Ce
Morris Canal stock 4 % guaranteed 999 years.
Preferred stock 10 % guaranteed 999 years.
X.
31
60
119
119
1891
1880
1895
1892
1888
1884
1884
92
1884
1892
1892
1891
1906
1895
1895
12
22
V Coal Co 1st M $12,000,000 g s f not draw n.c*& r
do
Interest reduced.......................... ..............
Consol Real Estate 1st M $2,600,000 guar____ Ucm
& Eastern— 1st M g ext In 1901 red 102Ce.c*
L e x in g to n
L e x i n g t o n U n io n S t a t i o n —
L i m e R o c k — Consolidated
L i t c h f i e ld ft M a d i s o n — 1st
L i t t l e P a lls & D o l g e v l l l e —
Pref stock (see text) .
refunding mortgage g o ld ..
mortgage $ 1 ,0 0 0 ,OOOg-.HC
1st M $250,000 g old .
Special guaranteed betterment stockRenewal mortgage.......................................
L i t t l e Schuylkill Nav
L o n g I s l a n d — Second
RR & Coal— Stock (rental guar)
(now flrst) m ortgage..................c*
Consolidated mortgage gold ($3,610,000 are 5 s )..C (
General mortgage gold__________________________ Ce.c'
Long Isl R R M on ferry for $ 2 ,750,000 g o ld ..C e .c *
Stewart Line mortgage of 1932 for $500,000 gold.C e
Debenture ($1,500,000) gold not subject to call____
New York & Flushing flrst mortgage assumed------Brooklyn & Montauk 1st M ($250,000 are 6 s).C e.c*
Second M gold ass’d Bus Sta to Eastp & brs.Ce.c*
(Long Island City & Flushing 1st M assumed-------c*
Consolidated mortgage gold assumed-----------Ce c*
New York Bay Extension S200.000 1st M assumed
12
44
84
53
32
155
156
163
18
2
76
76
12
19
6
1904
1903
1882
1899
1878
1881
1888
1892
1892
1894
1880
1881
1888
1881
1887
1893
Rate
%
When
Payable.
5 cr
A & O J P Morgan A C o .N Y A P h
5
M & N Offlco, 228 So 3d S t, Phil
do
do
4H g M & N
211,000
M & N Philadelphia
5 g
8,500,000 4 4 ) 3 , 5 A & C) Lehigh VaUey R R , Phlla
do
do
750,000
6 g A & ()
do
do
1,250,000
5 g
A A o
706,700
4
F & A Office, 228 S 3d S t. Phlla
903,600
do
do
10
F & A
358,500
5
J
A
J Philadelphia
10,114,000
J
5 g
fc J J .P .M o rg .A C o.N Y& P hl
1,400,000
do
do
J
& J
4 g
1,084,000
5 g
J
& J Philadelphia
In treasury
4
F A A
850,000
J
& J J K Tod & Co. New York
5 g
1.500,000 See text. F & A See text.
4
300,000
400,000
4 g
J
A
J Portland Me.
600,000
M & N 52 W m S t. N Y ; & Chic
5 g
250,000
A
J
J Amer Exch N at Bk N Y
3 g
4,943,100
8 2-5 y - - M 10 Office, Fosdlok Bldg, Cln
3,197,850
4
Q - M 10
1,500,000
5
M & N Bank of America, N Y
1,140,000
J
& J St Louis and Philadelphia
4 g
5 g
A
J Office, 410 W alnu t. Rhlla
2,487,850
J
268,703
7
F A A U S Mort 4 T r Co. N Y
do
doALon
4,731,000 4 A 5 g
J— .
& D
do
do
3,000,000
J
4 g
S
do
do
1,494,000
4)3 g M A
do
do
332,000
& 1)
J
4 g
a l , 135,000
5 g
do
do & Lon
A, D
J
do
do
125,000
6
M A
S
do
do
1,000,000 5 & 6 g M &
do
do
600,000
5 g
& 1)
J
600,000
do
do
6
M & N
650,000
do
do
5 g
M fc N
alOO.OOO
do
do
5
J
ft
J
$1,000 $10,000,000
1,000 6 ,000,000
51,000
500 Ac
1,000
1,000
1,000
1,000
100
100
500
1,000
1,000
1,000
1,000
1,000
1,000 fee
100
1,000
1,000
100 Ac
50
50
1,000
1,000
50
100 Ac
1,000
1,000
1,000
1,000
1,000
1,000
1 000
1,000
1,000
1,000
1,000
Where Payable, and by
Whom.
s
B on ds — P r in c i
p a l. W hen Duo.
Stocks— L ast
D ividend.
Oct 1 1941
May 1 1920
N ov 1 1935
N ov 1 1942
April 1 1939
April 1 1914
April 1 1914
Feb 1908 2 %
Feb 1908 6 %
Jan 1 1910
Jan 1 1933
Jan 1 1933
Jan 1 1932
Feb 1 1956
July 1 1911
Feb 1 1935
July 1 1929
Nov 1 1934
1933
,
Mch 10 ’08 2 %
Mch 10 1908 1 %
N ov 2 1912
July 1 1939
Jan 1 5 1 9 0 8 ,2 )3
Aug 1 1918
July 1 1931
June 1 1938
Mar 1 1922
June 1 1932
June 1 1934
Mar 1 1920
Mar 1 1911
June 1 1938
May 1 1911
May 1 1937
Jan 1 1943
----------------- )
The Penn. R R . Is also building an underground tunnel (electric railroad
LIM E ROCK R R .— Owns road In and around Rockland, M e., 11 m .;
for passenger service from Jersey City under the Hudson River to a centra
trackage, 1 m .; total. 12 m . Stock. $450,000; controlled by the Rocklandpassenger station at 33d St. and 7th to 10th avenues, and thence under the
R ockpon Lime Go. of Maine.
V . 82, p. 1380.
D lv. In 1905-06, 5 % ; 1006
07. 5 % , of which 3 % from accumulated surplus.
Year ending June 30 East River to a connection with Long Island R R ., and thus with N . Y
N . H . & H . R R .; see V . 7 4 , p. 830; V . 7 5 , p. 1203; V . 84, p. 931. As to Im
1907, gross, $76,626; net, $22,934; other Inc., $3,490; Int. on bonds, $17,000;
provements, see V . 80, p. 599, 997; V . 8 1 , p. 31; V . 84, p. 1552.
dlv. (2 % ) , $9,000; b a l., sur., $423. Office, Rockland.— (V . 82. p. 1380.)
L A T E S T E A R N IN G S .— For 9 m onths ending Sept. 30:
LIT C H F IE L D & M AD ISO N R Y . — Owns Litchfield Jet. to Madison, 111.,
9 M onths.
Gross.
Net.
Other Inc.
Charges.
Balance.
44 m .; trackage, 1 m .; total, 45 m . Stock, com m on, $500,000; pref., 4 %
1907............... $7,831,239 $ 1 ,411,800
$222,176 $ 2 ,0 6 8 ,12 8 def.$434.158
non-cum ., $500,000; par of shares, $100. Formerly controlled by Chic.
19 0 6 ............... 7,365,031
1 ,742,023
102.446
1,882,707 sur. 51,762
Peoria & St. Louis, but In 1904 control was sold to John R . W alsh and asso
ciates of Chicago. Car trusts June 30 1907 , $101 ,97 8. For year ending
R E P O R T .— Report for calendar year 1907 was In V . 8 4 , p. 86$,
June 30 1907, gross, $308,574; net, $13 0 ,9 6 8 ; charges, $40,137; b a l.,s u r .,
1907 .
1906.
1905.
$ 90,831 . Pres., James Duncan, A lton , 111.; Sec. and Treas., D . M. Cam
$9,505,596
$8,501,466
Gross earnings_____________ ______ _____$10,130,408
eron.— (V . 7 9 , p. 2456.)
Operating exp enses. ................... ............ 8 ,526,585 7,481,162
6,632,201
LIT I'LE FA LL S & DOLGE VI LLE R R .— Owns Little Falls, N . Y . , to
$2,114,434
$1,869,266
Net earnings......................................... .. $1,603,823
Dolgevllle, 10 miles.
Operates under agreement Dolgevllle & Salisbury
$2,520,941
$2,292,884
Total n et__________ ______ ______ ______ $1,935,892
R R ., extending from Dolgevllle to mine of Salisbury Steel & Iron Co.
417,951
403,460
Fixed rentals of leased roads________ 1
(
Stock, $250,000, of which the New York Central & Hudson River In July
1,772,465
1,550,357
a Interest on bonds____________
1906 acquired a m ajority.
Bonds, see table. For year ending Dec. 31
41,442
29,977
2 ,7 9 4 ,7 2 1 1
Int. on m tges. & ground rents.
1906, gross, $58,854; net, $23,022 ; charges, $9,975.
Pres., W . H . N ew
260,563
241,635
T a x e s .......... ........... .......................... . . . . |
m an: Sec., D . W . Pardee.— (V . 83, p. 272.)
56,879
44,926
M
iscellaneous......................
l
LITTLE K A N A W H A R R .— Parkersburg, W . V a ., to Creston, 50 miles.
Stock, $3,000,000 authorized; Issued, $509,500.
Owned by the Pittsburgh
B a la n c e ............................... ..................... def.5858,829 def.$28,359 sur.$22,529
* Lake Erie, Pennsylvania and Baltimore & Ohio, the last named operating
a This Item does not Include all the Interest, a "p rop er proportion” o n
the road from May 1 1908. V . 86, p. 981; V . 82, p. 628; V . 86, p. 981.
securities Issued for Improvements extending through several years, from
LITTLE M IAM I R R . — {See M a p s Pennsylvania R R .)— Owns Cincinnati
which no additional revenue can be derived until completion, having bee*
O ., to Springfield, O ., 84 m .; branch, X enia, O ., to D ayton, O ., 16 m .; D ay
charged to cost of construction. See V. 84, p . 865.
ton, O .. to Ind. State line, 38 m .; leases, Columbus & Xenia R R ., Xenia, O .,
Pres.. Ralph Peters: Treas., Henry Tatnall Brond Si Station. Phlla.—
to Columbus, O ., 55 m .; Cln. St. Con. R R ., 2 miles; total, 195 miles.
(V . 84, p. 339, 745, 8 6 5 ,9 3 1 ; V . 85, p. 4 0 , 160, 1210; V . 86, p. 981.)
L E A S E .— On D ec. 1 1869 leased to Pittsburgh Cincinnati & S t. Louis
(now Pittsburgh Cincinnati Chicago <Ss S t. Louis) for 99 years renewable for
LO R AIN AS H L A N D & SOUTH ERN R R .— Projected from Lorain, O .,
ever
The Penn. R R . Co. Is a party to the contract and guarantees Its
south through Wellington and Ashland to Black Fork River and thence to
faithful execution.
Rental Is 8 % on $4,943,100 stock and lnt. on debt.
the Ohio River, passing through the Hocking coal fields. Of tills, 25 miles,
The stockholders voted Jan. 29 1907 to modify lease and Increase stock
from Lorain to Wellington,|was about completed In Dec. 1907. V . 85, p.
from $5 000 000 to $ 10.000,000, the additional stock to be Issued as a special
1460; V . 82, p. 628. Stock and bonds authorized, $3,000,000 each. The
4 % betterment stock. V . 84, p. 51, 815; V . 86, p. 857.
Ashland & Western Issued $100,000 20 -year 6 % gold bonds, due Jan. 1
Lessee’s report shows results to lessee: In 1900 proflt, $65,989; 1901, $67,
1927, subject to call at 1 0 2 ) 4 % beginning July 1 1908. Controlled by
Joseph Ram sey Jr. and associates.— (V . 85, p. 1462.)
Dec. and June from the surplus Invested fund, making dlv. 8 2 -5 % yearly.
— (V . 86. p. 857.)
LITTLE ROCK & HOT SPRIN Q S W ESTE R N RR — {See M a p M issouri
Pacific.)— Owns Hot Springs to Junction, A r k ., 53 miles, of which Benton
ta Llttla R ock, 23 ra.. Is leased to Choc. Oklahoma ft Gulf R R . V . 68,
p 85’ V . 69, p. 283; V . 73, p. 722. Stock, $1,1 4 0 ,0 0 0 , all owned by St.
Lauls Iron Mountain & Southern R y . (Missouri Pacific system ), which guar,
the bonds, principal and interest, by endorsement. V. 78, p. 583.
D ivi
dend, 3 'A % . paid In 1905-06.
Year ending June 30 1907, gross, $227,477;
net, $44,586; other Income, $27,333: fixed charges, $58,141; bal., su r.,
$13,778 .
Pres., W . C. Fordyce.— (V . 7 8 , p. 583.)
LITTLE S C H U Y L K IL L N A V IG A T IO N RR & C O A L.— Owns from Port
Clinton to Tamanend and Reevesdalo, 32 miles. Re-leased on Dec. 1 1896
ta Phlla. & Read. R y . for 099 years, and rental reduced from 7 % on stock
ta 5 % gold from Jan. 1 1897.
Dividends: In 1898, 5 H % ; 1899. 5 )3 % :
1900. 5; 1901, 5 H ; 1902, 5 K ; 1903, 5 % ; 1904, 5; 1905, 5 )3 ; 1906. 5: 1907.
3 'A % : 1908, Jan ., 2 A % .
Lessee pays taxes and org. exp .— (V . 73, p. 554)
LONG ISL AN D RR — Operates the steam surface roads of Long Island.
Leases— (’ W hich see.)
~ M iles.
Owns—
M iles.,
Long Island City to G reenp ort.. 95 N . Y . & Rockaway Beach R y * . . 12
5
Lang Island City to M o n t a u k ... 115 Jamaica & So.Sh ore(V .78, p .1 0 2 )
Sundry branches_________________ 106 N . Y . B ’klyn & Man. B e a c h * ... 18
Total Dec. 31 1906......................... 391
Total owned (V . 77, p. 2 0 9 8 .).3 1 6
Leases—
. „ Operated electrically_______________ 45
127
Nassau Electric R R -------- ---------------- 10 Double track........ ...........................
North Shore Branch R R ----------------- 30
S T O C K .— $12,000 ,000 ; par, $50; of which Penn. R R . owns $6,797,900.
D IV I D E N D S .—
\ ’ 8 2 .'8 3 t o ’90. ’91. ’92. '93. '94. ’95. ’96. None
Percent.
J 1 4 yearly. 4)4
5
5 4)4
4
4 since.
B O N D S .— The refunding 4s of 1903 ($45,000,000 authorized Issue) tire se
cured by alien on the entire road, subject to the $22,592,000 outstanding old
bonds, to retire which an equal amount Is reserved; remainder, $ 2 2 ,4 0 8 .
0 00 , guar, as to prln. and lnt. by the Penn. R R ., were sold, the proceeds to
be used for various Improvements and additions In connection with the
Pennsylvania tunnels to and through New York City, principally for addi
tional terminal facilities at Bay Ridge and Long Island City and for a dou
ble-track connection with the New Haven road, for additional freight and
passenger terminals, tracks, equipm ent, and to retire old bonds. V . 7 8 , p.
583, 1549; V . 79, p. 2796; V . 80, p. 1111; V .,8 1 . D. 211; V . 82, p. 868.
Pennsylvania Co. Dec. 31 1906 owned $2,600,000 4 % equip, ctfs.
The unified mortgage Is limited to the amount now outstanding. Bonds
are subject to call at 110 In whole or In P^urt ? n
„«ere8t day. V . 68,
p .6 1 8 . Mtges. on real estate. $1,8 6 1 ,0 8 7 . V . 76. p. 266; V . 85, p. 160
G U A R A N T I E S .— In addition to guaranteed bonds In table above, guar
antees 5 % on $650,000 New York Brooklyn & Manhattan Beach pref. stock
as part rental; also 4 )4 % on $50,000 P . P . ft So. Br. stock and 4)4 % on
$82,500 of the New York & Coney Island stock.
The shareholders voted Mch. 14 1906 to guarantee, principal and Interest,
an authorized issue of $10,000,000 4 ) 4 % 4o-year collat. trust bonds of the
Long Island Consolidated Electrical Companies, a holding com pany, all of
whose stock Is owned, for the trolley lines owned and controlled. The pres
ent Issue will provide the cost of acquired and constructed lines, about $ 2 ,
140,000 , and about $500,000 was expected to be Issued for new lines and ex
tensions then proposed. See V . 82, p. 100, 864; V . 84, p. 865.
M I M P O R T A N T C O N N E C T IO N S .— The city’s extension of Its Rapid Tran
sit tunnel from Manhattan under the East River and thence to Flatbush
A ve. Station, Brooklyn, Is to be completed about M ay 1 1908. V . 86, p .108.
L O U ISIA N A & A R K A N S A S R Y .— Owns from H ope, A rk ., to Tioga,
L a ., 187.8 miles; extension from Packton to Jena, 29.86 miles; trackage,
Tioga to Alexandria, L a ., 8.18 miles; Tioga to PInevllle. L a ., 5 miles, gives
second entrance to Alexandria; total, 230.84 miles. Contract In force with
Rock Island Co. for Joint operation of Louisiana & Arkansas tracks between
Packton, L a ., and PInevllle, L a ., 36 miles. V . 85, p. 1205.
S T O C K .— Stock (authorized, $ 7 , 0 0 0 ,000 ; outstanding, $3,750,000;
shares p a r, $100 ), of which $ 3 ,745,000 Is deposited wlUh the Standard Trust
Co. of New York.
Voting trustees 10 years; W illiam Buchanan, Edward E .
Porter, BenJ. F. Yoaku m , Harvey E . Fisk and Charles L. Pack.
D IV I D E N D .— 1)4 % paid semi-annually since March 1906.
B O N D S .— The unissued flrst 5s (total limited to $7,000,000) are reserved
for betterments, equipment and extensions, of which $1,000,000 reserved
for bridges across Black and Red rivers, and the balance limited to $20,000
per mile of completed railroad. The entire amount outstanding, but no
part, are subject to redemption at 110 and Interest on any Interest date.
Beginning with Sept. 1907 a sinking fund of $oo,000 per annum, to buy
bonds, If possible, at 110 and Interest or under; otherwise to be Invested.
Bonds so purchased are kept alive In the sinking funds.
E A R N IN G S .— 8 m os., 1 1907-08
.G ross, $763,884; net, $220,591
July 1 to Feb. 29.
J 1906-07
..G r o s s ,
768,615; net,
225,267
R E P O R T .— For year ending June 30 1907, In V . 85, p . 1205.
Year.
M iles. Gross.
Net. Oth. Inc.
Ch ges.
D i e s .B a l a n c e .
1906-07 . . 226 $1,216,837 $368,078 $32,365 $174,959 *$112,500 $112,984
1905-06 . . 187 1,057,526 371,344 20,081
lo 3 ,6 6 6
£56,250 182,409
* 3 %. x i
%.
Pres., W m . Buchanan, Texarkana, A rk .— (V . 85, p. 1205.)
L O U ISIA N A & NORTH W E ST R R . — Owns Magnolia, A r k ., to N atchi
toches, L a ., 114.7 miles; trackage. Magnolia to McNeil, 6.4 miles; total.
121.1 miles. Early In 1905 control was changed. V . 82, p. 49.
Stock. $10,000,000 authorized, of which $2,300,000 outstanding; par.
$100. Car trusts Sept. 11 1907. $12,400 . Trustee of prior lien bonds. Peo
ple’s Trust C o., Brooklyn, N . Y .
O f the 1st 5s of 1905 ($10,000,000 au
thorized Issue), $150,000 Is reserved to retire the old bonds and $425,000
for Improvements, equipment, fee.
V . 82, p. 628; V . 85, p . 1462. Pres,
and Treas., Geo. W . Hunter, St. Louis; V .- l ., John J. Nelson, Magnolia,
A rk .; Sec.. John A . Richardson, H om er, L a.— (V . 85, p. 1462.)
L O U ISIA N A R A I L W A Y & N A V IG A T IO N CO.— Owns New Orleans to
Shreveoort, L a ..3 0 5 .6 miles,com pleted Oct. 1906; branches from Colfax to
Winfield, 28 miles, and from Alexandria to Jena, 8)4 miles.
Successor on June 22 1903 of the Shreveport & Rea River Valley R y. V .
77, p. 36. Stock authorized, $ 1 2 , 000 , 000 ; outstanding, Apr. 1907, $4,8 8 5 ,
000; par. $100.
Bonds (see table above) are limited to $17,500,000 total
Issue and $23,000 per mile; $ 300,000 has also been Issued for a bridge over
the Red River at Alexandria; $ 4 ,000,000 Is reserved for New Orleans term i
nals. See official statem ent, V . 7 7 , p. 36; V . 7 7 , p. 7 69. Pres., W m . Edenb o m , Hibernia B ld g., New Orleans; Sec. and A u d ., H . B . H elm ; T reas.,
Clarence Ellerbe, Shreveport, L a .— (V . 83, p. 1098; V . 84, p. 390, 450.)
LOUISIANA SOUTHERN R Y — See this Section for July 1905.
L O U ISIA N A W ESTE R N RR — {See M a p of Southern Pacific.)— Own*
from Lafayette, L a ., to Sabine River. 105 miles; Midland to Eunice, 24 m .
Midland to Abbeville, 35 m ; Mallard Jot. to Lake Arthur, 34 m ; total, 198
miles. Operated independently. Southern Pacific owns all the $3,360,000
stock.
Dividend on stock In 1905-06 and 1900-07, 1 0 % .
In year 1906-.07
vross. $2,400,560; net. lncl. other Income, $1,075,732; surplus over charges,
$ 8 89 ,93 9.— (V . 7 4 . p. 268.)
R A IL W A Y
STO CKS
AND
Date
of
Of
Road. Bonds.
Size, or
Amount
Par
Value. Outstanding
Lon* Island— (Concluded)
$1,000
21 1895
Montauk Extension $600,000 first mortgage ass’d
1,000
316 1899
Unit mortgage gold call at 110...................... U sm .cAr
500 Ac
316 1903
Refunding M $45,000,000 gold guar p & l .E q .c ’ Ar
teased and Controlled Lines, Principal or Interest Guara
1,000
30 1892
L x R R No Sh Br cons M $1,425,000 gu p & l.C e.c*
1,000
19 1885
N Y B A Man B 1st cons M $1,726,000 gold guar.C e
1,000
N Y & Rock Beach 1st M $984,000 guar p & l .-C e
1887
1,000
10 ’8 6 -’91
P P & C I 1st and 2d ($96,000 seconds) guar p A 1
1906
Long Isl Electrical collat tr M $ 1 0 ,0 0 0 ,0 0 0 ___ Csm
100
Louisiana & Arkansas— Stock $7,000,000 authorized
1,000
223 1902
1,000
35 1895
Louisiana 8: North W est RR— Prior lien, gold___
1,000
115 1905
First mortgage $10,000,000 gold.........................MStc*
1,000
198 1903
500
45 1897
1,000
106 1881
Louisiana W estern— First mortgage gold_______ Ce.c*
1,000
101 1901
Louisville & Atlantic— First M gold $1,0 0 0 ,0 0 0 .
"
100
Louisville Bridge Co— Stock_____________________
500
182 1896
1,000
1895
Louisville & Jeff Bridge— $5,000,000 g gu p A l en d-.C *
100
Loulsvilie & Nashville— Stock $ 6 0 ,0 0 0 ,0 0 0 ___________
1,000
155 1879
E H & N 1st M Hend to Nash g drawn at 1 1 0 . . Ce.c
1,000
803 1880
Louisville A Nashv gen M gold drawn at 1 10. .C e.c*
1,000
176 1881
L C & Lex Gen M g (V 63. p 1 010 ).......................Mo c*
1,000
192 1880
L & N bonds 4 S N Ala R R 2d M as coll g o ld .O n .c*
1,000
45 1880
Pensacola DIv 1st M gold (drawn at 1 0 5 )____ F.c~
1,000
141 1880
New Orl & Mob D lv 1st M N O to Mobile gold.F.c
1,000
141 1880
Second mortgage gold_________________________ c*
1,000
208 1881
Southeastern A St Louis Dlv first mortgage g o ld ..c *
1,000
208 1881
Second M gold East St Louis to Evansville & bre*
1,000
192 1887
First M (50-year 5s) $15,000 per mile g o l d ., Us.c*
1,000
1888
First M collateral trust ($7,000,000) gold-------F.c*
1890 1,000 Ac
Unified mortgage for $75,000,000 g o ld .-C e .c*& r Text.
1,000
1903
Collateral trust M call at par after 1908 g o l d .. Us.c*
1,000
1891
1,000
179 1895
colum n; bala nee unde
L O U IS V IL L E & AT LA N T IC R R .— Versailles, K y .. to Beattyvllle Jot.
101 miles, of which Miller’s Creek to B eatty'ille ,28 m .. opened In Deo. 1002
Branch from Beattyvllle to coal fields, 6 miles, completed January lo u e.
Stock, $1,000,000; par. $100.
Year ending June 30 1907. gross, $322,043,
net, $5 ,549; total ded'>c’ lons, $90,106; bal., def., $30,557.
Pres., A . E.
Richards; Sec., E . M. W allace, Versailles, K y .— (V . 85, p. 1210.)
LO U IS V IL L E BRIDME CO.— Owns bridge 5.204 feet long over Ohio RlT.
at Louisville. K y ., and about 2 miles track additional In Louisville,
usea
by several railroads— P. C. C. A S t.L . R y .. Loulsv. & N ashv.. A c. Surplus
earnings are nald back to roads using brldee.
STO C K Is $1,500,000; Penn. Co. owned. Jan. 1 1908. $ 0 00 ,30 0.
D lv*.
1886, 6 H % : 1807. 7 % : In 1898, 6 % : In 1899, 3 % : 1800 S % : 1901. «
1 9 0 2 ,5 % ; 1903, 1 3 % (V . 79, p. 2747; V . 7 8 , p. 102); 1004, 4 % , 1905, 6 % .
1906, 7 % ; 1907, 8 % .
For year ending Dec. 31 1 0 0 7 , gross. $388,746. net,
$214,506; other Income, $24,967; dividends (8 % ) , $120,000, balance, sur
plus, $94,5 0 6 .— (V . 86, p. 285.)
L O U ISV IL L E HENDERSON & ST. LO U IS R Y-—- R O A D . — Louisville
to Henderson. K y .. 144 miles (lncl. 6 m . trackage); 1 ^ ^ ® “ J , ? ,F ° f ^ vlll1eL’
K y ., 44 miles; L. A N. trackage, Henderson, K y .,
m .; total, 200 m .
A reorganization June 1 1896 (per plan.in V .. 6 2 , p . 138).
The Louisville & Nashville In 1004-05 acquired $776 081 preferred and
$1,631,385 common stock. V . 8 1 . p. 1100. Stock, com m on, $ 2 ,000,000,
preferred, 5 % non-cumulatlve, $2 ,0 0 0 ,0 0 0 .
J?2 »
R E P O R T for vear ending June 30 1907 In V . 85, p. lo 7 5 , snowing gross
$ 1 ,0 6 1 ,3 7 8 ; net, $259,557: Improvements, $ 1 4 8 ^ 9 0 ; Interest and taxes,
$156,305; special, $16,930; b al.. d e f., $ 2 8,709 .
(V . 8o, p. 722, 1575.)
I o i i i s v i l i p & JE FF E R SO N V ILL E B R ID G E CO.— One-half mile long
and the approaches ono mile- opened Jan. 1 1896. Also owns about 40 acres
o f land In Louisville and 100 acres In Jeffersonville. Stock, $1,425J)00,
m tge. Is for $5,000,000 (trustee, U . S . Trust Co. of N . Y . and Union Trust
Go. of Indianapolis); bonds for
$500,000 are resented for future con
struction. A c .; the bonds are guaranteed by the Ches. A Ohio and Cieve. C.
O A St L roads. In whose Interests the entire stock Is owned. See V . 61.
d * 559
O f the $4,500,000 Issued June 30 1907, $1,000,000 were In the
treasury, $ 500,000 being deposited as security for loans.— (V . 62. p 84.)
L O U IS V IL L E A N A S H V IL L E R R .— (See M a p .)— R O A D .— Operates
m ainline from Cincinnati. O .. to New Orleans. L a ., 921 miles: with branches
to S t. Louis, M o., Memphis, T e n n ., A c ., 3,421 miles, making total system
proper, June 30 1907, 4,342 miles. The system Includes:
Reported separately—
M iles.
Linas owned absolutely or through
capital stock —
M iles. •Nashville Ohatt. A St. Louis____ 925
Louisville to Nashville------------------- 181 •Georgia Railroad system _________571
Sundry other lines----------------------- 3,177 •Louis. Hend. A St. Louis..............182
Lines leased, A c .—
•Chic. Ind. A Louisville...................600
•South. A North. Ala. R R ..............103 Owned but leased to other cos____ 21
Other lines------------------------577 Do. Paducah A Mem. D lv _________248
•See this com pany.
------Operated for other companies------- 214
Total system proper_________ 4.3421
Total of all July 1 1 0 0 7 . . . . .6 .8 0 0
O R G A N I Z A T I O N .— Opened be ween Louisville and Nashv. Nov. 1859.
Control by Atlantic Coast L in e.— L ite In 1902 the Atlantic Coast Line R R .
acquired $30,600 ,000 of the $60,000,000 stock, but the roads are operated
Independently.
V . 74, p. 830, 1038; V. 75, p. 733, 1399.
D IV I D E N D S .—
’89. ’90 ’91 ’92 ’93 ’94-’98 ’9 9 ’00 ’0 1 -’04 ’0 5 -’07
1908.
Per cent
. . 5 stk 6 5 4 4
None 3 $4 4 5 yrly. 6 yrly. Below.
In Feb. 1908 3 % paid In cash and 1 % In Louisville Property Co. stock.
V . 86. p. 229. 3 37, 421.
B O N D S .— The Evanso. Header. A Nashv. bonds are drawn at 110 by lot
annually In Oct. for paym ent Dec. 1 In amounts Increasing each five years
until $150,000 per year Is finally reached; In 1907, $75,000.
The Pensacola Division bonds are subject to a drawing sinking fund
$10,000 In 1 90/ and Increasing later. V . 81, p. 265, 726.
The general morlaage bonds of 1880 are called at 110 In Increasing amounts
each year; $426,000 will be paid June 1 1908. V . 86, p. 795.
In June 1890 the “ unified" mortgage (trustee, Central Trust Co.) for $ 75.
000,000 was authorized, $41,017,660 bonds being reserved to retire all prior
liens (none of the prior liens can be extended), the balance for Improve
m ents, extensions (at the rate of $32,000 per mile. Including equipm ent),
and for other purposes.
The mortgage covers (besides 2,207 miles of
road and equipm ent), $10,003,300 stock of companies controlled and $ 3 ,
150,000 bonds free from any lien. See abstract of mortgage In V . 51, p.
613; also V . 72, p. 1034, 1188; V . 77, p. 068. In June 1907 company re
ported $60,119 ,000 outstanding, of which $4,855,000 In treasury, $18,2 0 0 ,
000 deposited to secure the coll, trust 4s of 1903 and $416,000 In sinking
funds or deposited for other Issues; add’ l am t. Issuable to retire $892,000 Lou.
Cin. & Lex. 2d 7 s matured Oct. 1 1907. See'V. 81, p. 1848; V. 86. n. 721.
Mobile A Montgomery— Louisville A Nashville Joint mortgage Is tor $ 5 ,0 0 0 ,
000; $1,000,000 reserved for Improvements. V . 61, p. 196. 750.
Kentucky Central mtge. abstract V . 45, p. 372. South A North Alabam a
Improvement 5s, due Aug. 1 1936. $1,920,000 authorized, are owned.
The collateral trust 4s of 1903 ($30,000,000 authorized Issue) are secured by
deposit of $24,000,000 L . A N . unified 4s, $4,779,000 L . A N . Paducah A
Memphis division bonds, the latter covering the road from Paducah. K y .,
t o Memphis, T e n n ., 234 miles; $2,500,000 L . A N . Terminal Co. 4s (V . 75,
d . 1354), $4,045,000 South A North Alabam a os and $510,000 Pensacola A
A tlan tic 6s: otal. $ 36 ,6 10,000 bonds.
V . 7c p. 542; V . 78. p. 287. 1446.
In 1002 the Louisville A Nashville and the Southern R y . acquhed $ 9 ,7 0 6 ,
900 of the $10,500,000 Chic. Indianapolis A Loulsv. com. and $3,873,400 of
the $5,000,000 pref. stock In exchange for their Joint 50-year 4 % bonds. V .
74, p. 1138; V . 76. p. 593. Of the $15,500,000 Joint bonds secured by deposit
o f tnis stock. $1,563,000 are reserved to acquire the remaining ’ ’ M onon”
stock and $2,110,000 for “ Monon” impr’ ts, A c .. $500,000 yearly.
The Atlanta Knoxville A Cincinnati division 4s ($50,000,000 authorized)
cover 618 miles. Including 20 miles of trackage. Of the bonds, an equal
amount wlli be reserved to retire at maturity underlying bonds, v iz ., Ken
tuckv Central 4s. S6.742.000; Atlanta Knoxville A Northern bonds, $ 1 .
500,000.
The line from Livingston to Jelllco, 61 miles, Is subject to prior
Hen of unified mtge.
V . 8 0 . p. 872; V . 84, p. 1428.
In July 1907 $19,160.0 0 0 ‘had been|lssued, of whlch’ $ 1 0 , 0 00 ,000 |sold; balance|held}ln treasury.
Bonds — Prtncf-
I N T E R E S T OR D IV I D E N D S .
R A ILR O A D S .
F or explanation of column headings, & c., see notes
on first page of tables.
|VOL. LXXXVI.
BO NDS.
a$315,000
5,660,000
22,408,000
Rate
%
5
4 g
4 g
When
Payable.
J
M
M
A
A
A
Where Payable, and by
Whom.
Stocks— Last
Dividend.
J U S Mort A Trust C o,N Y
do
do
Exch N at Uank.N Y
s
s Am
1 104$
1 1049
1 1040
1 1032
U S Mort A Trust C o .N Y
a l , 262,000
5 g
Q— J
1 1033
do
do
a l , 601.000
A A o
5 g
do
do
a 883,000
M A
5 g
do
do
436,000
Various
4H
See text.
3,750.000 See text. See text. Checks mailed.
3,898,000
5 g
M A
s F isk & Robinson, N \
1 1045
100 000
J Boody, M cL A Co. N Y
J
A
5 g
1,950.000
A A () Treas office, St. Louis
5 g
1 1953
4,865,000
A
J Farmers’ Trust Co, N Y
4X g J
R W inthrop A Co, N Y Mar 1 1950
250 000
M A
5 g
__
1
1921
_
2,240,000
S
P
Co,
120
B
’w
ay,
N
Y
J
6 g
.1 A
1,000,000
M A N Knickerbocker Tr C o .N Y May 1 1941
5 g
1,500,000 See text.
Louisville, K y.
2.500,000
J Bk of Am er, N Y ; A Louis
5 g
.T A
1 1945
J P Morgan A Co, N Y
4,500,000
4 g
M A
ext.
60.000,000 Sec text. F A A 71 Broadway, New York
__
1 1919
do
do
1,450,000
0 g
A 1)
J
.Tune 1 1930
6
c7 ,058.000
do
do
J
A D
1 1931
3,258,000
do
do
g M A N
1 1910
d l ,874,000
do
do
6 g
A A O
1 1920
e355,000
do
do
M A S
6 g
1 1030
5,000,000
, 6 g
.1
ao
do
.1 A
1 1930
1,000,000
do
do
A J
6 g
J
1 1921
3,500,000
do
do
M A s
6 g
Mar 1 1980
2,998,000
do
do
M A s
3 g
fl,7 4 9 ,0 0 0
May 1 1937
do
do
M A N
5 g
Nov 1 1031
* 4,705,000
do
do
M A N
5 g
b36,648,000
do
do
July 1 1040
A J
J
4 g
April 1 1923
23,000,000
do
do
A A C)
4 g
617,000
M A
s St Louis Tr Co, St Louis Mar 1 1916
5 g
4,000,000
s 71 Broadway. New York Sept 1 1045
4H g M A
r unified mo rtgage.
b. c, d o. f, * , see foot-note on nex t page.
s
s
s
F IN A N C E S .— Since July 1 1894 the "construction account" has been
closed. Am ount of permanent Improvements charged In operating ex
penses In 1006-07 was $2,065,520; In 1905-06, $ 2 ,586,630.
In Feb. 1904
dividends on Nashville Chatt. A St. Louis stock ($7,177,600 owned) were
resumed, In Feb. 1905 Increased to 5 % and Feb. 1907 to 6 % .
In 1907 $6,500,000 5 % 3-year gold notes were sold. V . 84, p. 508.
E A R N IN G S .— For the half-year ending Dec. 31:
6 Months—
Gross.
Net.
Oth. Inc.
Charges.
Balance.
1907 ............... $24,561,225 $5,401,405
$652,865 $4,251,827
$1,802,443
1906 . ........... 23,745,348
7,164,441
633,287
4,237,371 3,560,357
Charges as above Include $084,430 for additions and betterments In 1907,
against $836,122 In 1906.
Dividends of 3 % call for $1,800,000 seml-ann.
For 8 months ending Feb. 29 1908, gross, $ 3 1,114 ,965 , against $ 3 1 ,5 1 9 ,
444 In 1906-07; net, $7,475 ,5 3 8 , against $10,173 ,863 .
R E P O R T .— Report for 1906-07 In V . 8 5 , p. 8 56, 029; see also p. 804.
Year ending June 30—
1007.
1906.
1005.
Average m ileage______________
4,3 0 6
4,131
3,826
Freight earnings______________
$35,235,787' $31,536,207 $27,732,625
8,985,215
8,619,650
P a s s e n g e rs ___. . . . . . . ____. . . . . . . ___ 10,417,470
Mall, express, A c ______________________
2 , 6 10 ,0 8 8
2,487,574
2,164,706
.$48,263,945 $43,008,996 $38,517,071
30,033,464
. 35,781,302
26,490,021
.$ 1 2,482,643 $12,075,532 $12,027,050
. 14,044,398
13,642,308
13,654,541
. 1,208,611
1,145.514
985,365
5,719,995
. 6,052,659
5,476,103
91,522
101,573
173,042
Advances to S. A N . A ., A c ----------------.
241,084
241,850
192,990
(6)3,600,000 (6)3,600,000 (6)3,600,000
Net earnings
Surplus over d ivid e n d s_______________
$2,850,522 $2,748,374 $3,227,040
O F F IC E R S .— Chairman, Henry W alters, N . Y . , Pres., M . H . Sm ith,
Louisville- 1st V .- P ., W . L. Mapother; 2d V .- P ., A . W . Morrlss, 71 B ’w ay,
X y _ ( V . 85, p. 1462; V . 86, p. 229, 285, .337, 421, 7 2 1 , 795.)
L Y K E N S V A L L E Y R R. A COAL CO.— Owns from Mlllersburg, P a ., to
W llliam stow n. P a ., 20 miles. Lease to Northern Central Is terminable on
60 days’ notice. Rental. $35,000 per annum .— (V . 64. p. 330.)
MACON A B IR M IN G H AM R Y .— Owns Sofkce Jet. to La Grange, G a .,
On
9 7 miles______ trackage, Sofkee to Macon, G a., 8 miles. V . 78, p. .>,4.
.
- -B -Parrott
-------------------------------------* --V . 86, p. 337.
was appointed receiver.
Feb. 3 1908
S.
In year 1906-07, gross, $168,469; op. def., $15,662; other Inc., $977; lnt..
taxes and rentals, $40,438; bal,, def., $.>5,123.— (V. 86, p. 337.)
MACON D UBLIN A SA V A N N A H R R .— Owns road from Macon to VIdalla Ga . 92 miles.
Extension reported to be proposed from Macon to A t
lanta’ 80 miles. Stock. $3,200,000 auth.; outstanding, $2,040,000 (par
$100)’ acquired In Jan. 1907 by the Seaboard Air Line R y ., which guaran
tees the bonds, principal and Interest. Of the bonds, $600,000 are reserved
for improvements and betterments, y. 84, p. 1Q2, 450. V . 84, p. 102.
B’or vear ending June 30 1907, gross, $298,010; net, $31,655; other Income,
$3 400- lnt on bonds, $31,000; bal , sur., $4,054.
Pres., Homer l.o r ln ;,
Boston, M ass.— (V . 84, p. 51, 102, 450: V . 86, p. 981.)
M AIN E C EN TR AL R R .— Line of road, Portland to Vanceboro, M e., via
Augusta. 251 miles; branches, Cumberland Jet. to Skowhegan, via Lewiston,
9 1 m - Bath to Lewiston and Farmington, 76 m .; Belfast, Foxcroft. Bueksoort and Mt Desert. Including ferry (7.7 m .) , 132 m .; Portland A Ogdensb’g
R v Portland M e .,to Lunenberg. 109 m .: small branches, 11 m .; Upper uoos
andH ereford railways, Quebec Jet., N . I I ., to Lime Ridge, Quebec. 108 m .;
Portland A Rumford Falls system , 104 m .; Bath to Rockland (Including
ste-ini ferrv 6-10 m.) 49 m .; total June 30 1907, 931 miles, of which 396
owned 4 91 op erated’under 999-year leases and practically owned, 33 m.
under 50-vear leases and 8 m . ferry lines.
In Jan 1904 the entire stock of the Washington County R y ., 137 miles,
was nurchased Its 3 M % bonds (see table above) being guar., prln. and ln t.,
b ^ e n d •but road Is oper. separately. V . 7 8 , p. 103, 820, 089; t . 70. p. 2640.
In A n ill 1007 control of Somerset R y ., Oakland to Klneo Station, M e.,
and branch total, 96 m ., was acquired. V . 84, p. 804, 1183. The Port
land A Rumford Falls R R . (which see) was taken over under 990-year lease
In April 1907. V . 84, p. 868, 931.
S T O C K .— Stock for $2,516,000 owned by Boston A Maine. V . 7 2 , p. 088.
D IV ID E N D S .— 1884 to July 1903 6 % yearly; Oct. 1903 to July 1907.
7 % ; Oct. 1907, 2 % ; 1908, Jan ., 2 % ; April, 2 % .
B O N D S — There are also $81,000 Maine Shore Line 6s assumed, due 1923;
also $95,500 Belfast A Moosehead Lake mtge. bonds, due 1020, not guar
anteed, Interest and sinking fund paid out of rental; A nd. A K en. stock
bonds, $11,000 , exchangeable for M . C. stock; Maine Central Interest scrip
exchangeable for consol, bonds, $8,192. Jointly with B. A M . guarantees
$300,000 Portland Union Station bonds.
A N N U A L R E P O R T .— Report for 1906-07 was In V . 85, p. 918.
Year end. June 30—
1907.
1906.
1905.
1904.
Gross earnings.................... $8,200,030 $7,655,655 $7,099,218
56,773,560
1,432,017
1,962,617
1,349,749
Net earnlngs'a..................
218,062
237,049
237,424
Other Income....................
- 4 4 -(i3i)
Net Income....................... * 2t’ft?7 ’oln
In terest_________________
Rents
------005,853
Dividends' '(7 % ) 1 .............
348.360
Sinking fund.......................
43>442
Additions, A c___________
724,306
51,587,173
5617,960
551,186
348,369
13,440
$2,199,666
$631,860
545,876
348,365
144.694
350,000
$1,650,070
*643,11(1
545,87*
348,348
29,440
$56,218
$178,871
Bn.1. surplus_________
$131,094
T___
aOperatlng expenses in 1000-07 Include $ 5 14 ,6 4 3 forncw cqulp.,
additional being charged against Income for Improvements; in
$1,262,581 extraordinary Items (including $828,027 for equip.)
cluded In operating expenses.— (V . 85, p. 718, 918, 921; V. 86, p.
$83,305
.
$724,306
1905-06,
were In
229.)
80
R A IL W A Y
STO CKS
AND
I N T E R E S T OR D I V I D E N D S .
R A IL R O A D S .
F or explanation of column headinos, <kc., see notes
on first page of tables.
M iles
Size, or
Amount
Par
of
of
Road. Bonds. Value. Outstanding
Louisville & Nashville— (Concluded)
160 1881
$1,000 $11,453,000
Pen & A t first mortgage gold drawn a s s u m e d -...c
10 1881
1,328,000
1,000
Henderson Bridge Co— 1st M g drawn at 105-C e.c
105 1887
1,000 1<1,996,000
Nashv Flor & Shell 1st M g assumed in 1900 C e^
192 1880
1,000 Own L A N
Sou A Nor Alabam a 2d M gold sink fd 52,000,000
192 1886
1,000 m 3,247,000
Consol mortgage (for 5 1 0 ,0 0 0 ,000 ) gold guar.C e.c
1,400,000
1895
1,000
Newp & Cln Br 1st M g s f ass’d gu by Penn Co
I
1902 1,000 Ac n 5,882.500
L A N -So Joint M $ 7 ,750 ,0 0 0 red 1907
S.c* A
247 1887
1,000 J6,698.000
Kentucky Central 1st M (57,000,000) g o l d .. Alp.c
999,000
228 1896
1,000
Atlanta Knoxville A Northern 1st M gold............. Ce
500,000
228 1902
1,000
Consol mortffaire srold $10,000 Dcr m llo__— - -O s
722 1905 1,000 Ac 10,000,000
L A N - A t l K n o iv A C DlvM 550.000.000 Use* Ar
6,500,000
1907 1,000 Ac
Notes 50,500,000 g o l d . . . - -------------------------------- -T
c “ ,r
Louisville New Albany & Chicago See Chicago Ind anap o lis A L oulsvllle
600,000
19
20
Lykens Valley— Stock. Rental P^y3 $ % - - - - - - - - - - .
500,000
07 1896
1 000
Macon & Birmingham— 1st ^
K °ld- -OB.<
92 1907
1,240,000
1,000
Macon Dublin & Sav— 1st M 51,840.000 g gu p A l.N .c
4,988,000
100
Maine Central— Stock and scrip (512,0 0 0 .0 0 0 )-------1 304 11872
4.193.500
100 Ac
4.790.500
11872
100 Ac
J
41 1883
1,000
669,000
1,000
450,000
’8 6 -’87
56 1893
1,000
1,000,000
48 1890
1,000
1,300,000
First M Penobscot Shore Line R R Co assumed-----48 1801
1,000
400,000
120
100
2,494.100
109
100
4,392,538
109 1888
2,119,000
1,000
1
. . . ’ 8 7 -’ 80
300,000
1,000
Portland Union Station series “ A A " B
(text)
17
122,000
100
Dexter A Piscataquis stock 5 % rental 999 years.
17 1889
175,000
1,000
53
800,000
100
Hereford R y stock (rental 999 years)..........
53 1890
800,000
1,000
First mortgage guaranteed p A 1 (endors
55
350,000
10C
Upper Coos R R stock 6 % rental 999 years.
22 1800
350,000
1,000
First mortgage guaranteed p A 1 (endor;
693,000
33 1890
1,000
Extension M 521,000 d m guaranteed p f
Issues etc., See text.
Additional
b Also 522,458,000 In treasury or pledged 1
1$7 41,000
J $44.0 00 k $100
529.000 d 586,000 e 530,000 f 515,000 g 3
M AN CHESTER A L A W R E N C E R R.— Owns from Manchester, N . H .. to
Methuen (State L in e), 22 M miles. Leased for 50 years from Sept. 1 1887 to
Boston A Maine at rental paying 10 % dlv. In 1895 a dlv. of 50 % paid from
proceeds of C. A M . suit.— (V . 73, p. 1264.)
M A N H A T TA N R Y . (E L E V A T E D ).— (See M a p Interborough Rapid Tran
sit C o.)— ow ns all the elevated railroads In boroughs of Manhattan and the
Bronx, N . Y . City, m ainline and branches, 3 7 ^ miles, double-tracked, with
24 mies additional third track, sidings, Ac: total track, 118 miles. V . 70.
p 171, 633.
Late In 1902 began using electric third-rail on entire system,
V . 756. p. 733.
•
L E A S E .— The Interborough Rapid Transit Co. leases the road for 999
years from Apr. 1 1903, guaranteeing 7 % per annum on the stock. V .7 5 , p.
1202, 1302; V . 76, p. 212; V . 79, p. 2456: also Interborough Rapid Transit
C o .. V . 76, p. 101. G uaranty, V . 7 6 , p. 480.
S T O C K .— On N ov. 28 1906 5 4 ,800,000 stock was sold, raising the amount
to the 560,000,000 authorized. V . 83, p. 1228. 1291; V . 84, p. 271.
B O N D S .— Consolidated mortgage (trustee, Central Trust Co.) Is limited on
present mileage to 540 ,0 0 0 ,0 0 0 , and will provide for prior bonds when due.
Am ounts beyond 540,000 ,000 m ay be Issued for extensions at the rate of
5300.000 per mile of single and 5600,000 per mile of double track.
(See
abstract of mortgage In V . 5 1 , p. 248, and compare V . 52, p. 353.
T o May 1898 claims aggregating 58,847,854 had been paid as damages to
abutting property and other cases were before the courts. See ‘ Chronicle,
V . 66, p. 9 54, and V . 67. p. 789; V . 82, p. 1380; V . 83, p. 1171. Personal
property tax assessment see V . 66, p. 954; V . 6 7 , p. 222; V . 6 8 , p. 1282, and
V . 71, p. 1120; V . 84, p. 1307. Taxes In litigation O ct. 1907 (other than
franchise ta x ), per balance sheet, $19,866.
V . 85, p. 1339.
In Jan. 1907
franchise taxes for 1900 to 1905 ($3,170,142) were paid. V . 84, p. 271.
D IV I D E N D S .— I ’ 89. *9 0 -9 6 . *97. *98. *99. *00. 0 1 . *02. *03.
6 y*rly. 4 H
4
4
4
4
4 7 * 7 J ° y r ly
Since 1888.......... % J 5 X
O r o X n l S s s JU ne3° ~
...................... 512/794,'720 513!l°9085 292 5 1 4 4 8 7 ,6 8 5
Oteh e 7 i n c Z eeraUng eXPeDSeS.......... I "
S v E n d r ? !!? .^ .
^ 363,308
7 ’309',552
341',504
: : : : : : : : m $ : s i i :ooo <?> i i t l :ooo <?> I :S«4 :ooo
Surplus after dividends_____ ______
5689,760 51,089,392 51,925 726
— (V 83 p i 291, 1347; V . 84, p. 271, 1307; V . 85. p. 1270, 1339.)
M A N IL A R Y . (1906)
Ltd.— O R G A N IZ A T IO N .— To own (per plan
V 83 p 1470) practically all the bonds and shares Issued by the Manila
R R of New Jersey. The latter will build about 420 miles of road on the
Island of Luzon, Philippine Islands (V . 83, p. 1348), and take over the pres
ent system . 208 miles, operated by the Manila R y. (old C o.), total to be
628 miles.
Incorporated under laws of Great Britain. Speyer A Co. and
others are furthering the enterprise. Construction was begun In Mar. 1907.
S T O C K .— Ordinary snares authorized, £ 2 ,0 0 0 ,0 0 0 ; 5 % non-cum. prefer
ence snares, with preference as to principal In case of liquidation,£ 2 ,0 0 0 ,0 0 0 ,
all c f £ 1 0 each. O f ordinary shares, £ 1 ,6 0 0 ,7 3 0 Is reserved for the new Co.
D E B E N T U R E S .— The " A ” and “ B ” 4 % debenture bonds are secured by
the same trust deed and are a first and second charge, respectively. The
" A ” debentures are subject to call after 1925 at 105. Denominations of
debentures, £ 2 0 , £ 5 0 , £1 0 0 and £ 2 0 0 . Total Issuable on 028 miles, £ 3 ,
000,000 each of “ A ” and " B ” debentures, of which there are now to be Is
sued £ 1 ,6 0 0 ,0 0 0 “ A ” and £1 730,000 ’ ’ B .”
Additional amounts of each class beyond the £ 3 ,0 0 0 ,0 0 0 m ay be Issued
H . L. Higgins will be Pres, and Gen. Man. of the A m . Co.— (V . 86, p. 337.)
M AN 1STIQU E M AR Q U E TTE A NORTHERN RR.— Manlstlque, M ich.,
on Lake Michigan, northerly to Shlngleton, on the Duluth So. Shore A A t
lantic, 40 m ., with branch to McNeil s, 13 m .; V . 75, p. 185. Operates car
ferries between Manlstlque and Northport and Manlstlque and Ludlngton on
Pere Marquette R R . Stock 52 ,0 0 0 ,0 0 0 , of which tne Grand Rapids A
Indiana owned $1,898,800. V , 8 2 , p . l 0 9 8 . Sold In foreclosure on Sept. 21
1905. V . 8 1 , d . 975; V . 7 8 , p . 2 0 1 2 ; V . 7 4 , p. 776; V . 7 6 . p. 810. No plan
of reorganization formulated to June 1907.
Year ending Dec. 31 1907,
gross, 5152,966; def. under oper. expenses, 5 18,519 .— (V . 81, p. 975.)
M AN ISTEE A O R A N D R A P ID S R R.— See page 170.
M AN ITO U A P IK E ’ S P E A K R Y .— See page 170.
M A R Y L A N D D E L A W A R E A V IR G IN IA R Y .— See page 170.
M A R Y L A N D A P E N N S Y L V A N IA R R.— Baltimore, M d ., to York, P a .,
80 miles, with branch. Delta to Peach B ottom , 4 m . V . 7 2 , p. 339.
ST O C K A N D B O N D S .— Stock authorized. 5 3 ,6 0 0 ,0 0 0 , of which 51,9 9 7 ,
500 reserved for future requirements. In 1902 the authorized Issue of the
first 4s was reduced from 52,700,000 to 5 1 ,2 0 0 ,0 0 0 , of which 5203,000 are
reserved to retire the York and Peach Bottom 5s and $100,000 addi
tional for future purposes, Ac.
V . 74, p . 9 4 , 427" V . 7 9 , p . 2205, M ary
land A Pennsylvania Terminal guaranteed bonds, V . 82, p. 1041. 1102.
Equipment notes Dec. 31 1907, $100,000. Paid on Incomes 1901, 3 % ; since
to 1907, Inclusive, 4 % yearly.
E A R N IN G S .— 8 Tnos.,) 1907-08..................Gross, $258,617; net, $82,777
July 1 to Feb. 29.
11906-07_________ Gross, 234,730; net, 76,867
R E P O R T — For year ending Dec. 31 1907, gross, $385,654; net, $133,
487; Interest on bonds, A c ., $82,002; miscellaneous, $1,829; bal., sur.,
$49,655 . Pres., John Wilson Brown.— (V . 84, p. 390; V . 86, p. 421.)
M ASON C ITY A FT. DODGE RR.— (See M a p Chicago Great Western.)—
Owns road from Oelweln, l a ., to Council Bluffs, 260 miles; Hayfleld, M inn.,
to Clarion, l a ., 100 m .; branches to Lehigh and Coalville, l a ., 18 m .; track
age, Council Bluffs to South Omaha, 7 m .; total, 385 m . The Chicago Great
W estern owns the entire outstanding com . stock ($19,205,400 of the au
thorized $20,000,000) and the non-cum. 4 % pref. stock ($13,635,752 of the
$14,000 ,000 authorized) and operates the road os part of Its main line to
Om aha, under a 100-year agreement dated April 1 1901 and later modified,
the M. C. A Ft. D . receiving 6 0 % of all earnings from business Interchanged
[VOL. LXXXV1,
BO NDS.
Rate
%
6 g
6 g
5 g
6 g
5 g
4M g
4 g
4 g
5 g
4 g
4 g
5 g
When
Payable.
Where Payable, and by
Whom.
Bonds— P rin ci
pal, When D u e
Stocks— Last
Dividend.
71 Broadway, New York Aug 1 1921
Sept 1 1931
do
do
Aug 1 1937
do
do
April 1 1910
do
do
Aug 1 1936
do
do
1945
July
do
do
1952
J P Morgan A Co. N Y July
1987
71 Broadway, New York July
1946
Dec
do
do
2002
Mar
do
do
1955
May
do
do
1910
Mch
Office, 13 William S t .N Y Apr 1 ’ 0 8 \ H %
Q— J
July l 1946
J
A J No c u p 'n s ever paid
5 g
New York Trust Co, N Y Jan 1 1947
J
A
J
5 g
Apr 1 ’08 2 %
Office, Portland, Me.
See text
Q— J
A A O 1Second National Bank, April 1 1912
5 A 7
April
1 1912
J
Boston:
A
Portland
A
O
4 A 4H
June 1 1923
A D Am L A T r, Boston
5
A
J 2d N at Bk, Bost: A Port July 1910 -19 17
4H
Jan 1 1933
Boston and Portland
A
4 g
Second Nat Bank, Bost Aug 1 1920
A
4
Feb 1 1921
do
do
5
A
Treasurer’s Office, Bang’r Apr 15 '08 2
5
A
Q— F 28 Maine Cent OH, Portland Feb 28 ’ 08 H %
2
3 H A 5 M A N 2 d N at Bk, Bost: & Port N ov 1 1908
Portland, Me; A Boston June 27-Jan 29
4
J
A
Jan ’08 2 H %
Office, Dover, Me.
5
J
A
2d Nat Bk, Bost: A Port July 1 1929
J
A
4
Maine Cent Off, Portland May 1908 2 %
4
M A
N ov 1 1930
M A N 2d N at Bank, Boston
4
May 1908 3 %
6
M A N Office, Portland, Me
2d Nat Bk, Bost; A Port May 1 1930
4
M A
May 1 1930
M A N Office, Portland, Me.
4H
amounts were ow ned by the Co. on July 1 1907,. viz.:
n 5 3 1,000. P Coupon j A J ; leg. Q-J
,000 m 5 4,753.00 0
A n y surplus of net earnings after payment of Interest on bonds and pref.
stock Is to be held In trust by C. G. W . for payment of future couponsThls surplus on June 30 1907 amounted to $1,289,623.
In 1905 $12,0 0 0 ,0 0 0
4 % bonds were sold. Compare Chic. Great Western R y. and V . 7 3 , p.
5 6 6 , 6 1 6 . 7 2 2 ; V . 77. p. 640. V . 7 8 , p. 1782; V . 80, p. 26 2 1 . Report for
year end. June 30 1907 In V . 85, p. 1030, showed, gross, $ 2 ,064,639; n e t.
$758,726; charges, $532,079; bal., sur., $226 ,64 7.— (V . 80, p. 1380.)
M A S S A W IP P I V A L L E Y R Y .— Province Line to Lenoxvllle, O u e., 34
miles, with branch, 3 m .; trackage to Sherbrooke, Q ue., 3 m .; total, 40 m .
Leased for 999 years from July 1 1870 to the Connecticut A Passumpslc
Rivers R R . Stock, $800,000; par of shares, $100; dividends payable Feb.
and Aug. 1. Dividends, formerly 5 % , 6 % since Jan. 1 ’ 97. O f the stock,
$ 400,000 owned by the Conn. A Pass. River Is deposited under Its m tge. and
$50,000 Is represented by Connecticut Trust A Safe Deposit Co. of Hartford
5 % trust certificates. (See “ Supplement” of October 1901.)
M cCLOUD R IV E R R R .— Owns from Sisson ,C al., to McCloud, and thence
to points east; total, 50 m . Stock, (?).
Bonds ($1,200,000 a u th .).
the Mercantile Trust Co. of San Francisco Is mortgage trustee. V . 85, p.
1005.
Pres, and Gen .M gr., J. H . Queal; V. P ., S. O. Johnson. Office.
James Flood B ldg., San Francisco, Cal.— V . 85. p. 1005.
M E A D V IL L E CON NEAU T L A K E A L IN E S V IL L E .— Meadvllle t o
Ltnesvllle P a ., 21 miles, and branches, 2 miles; total. 23 miles. Leased
to June 8 1990 to Pittsburgh Bessemer A Lpke Erie R R .; rental, 25 % of
gross earnings. Stock, $200,000; par, $50.
M E R ID IA N TE R M IN A L CO.— Owns passenger station at Meridian, Miss opened Sept. 1 1906, and used by the Southern R y .. Mobile A Ohio, New
Orleans A Northeastern R R ., Alabam a A Vicksburg and Alabam a Great
Southern, which own one-fifth each of the $25,000 capital stock and guar
antee the bonds Jointly and severally by endorsement; form. V . 85, p. 6 01.
Pres., C. C. Harvey; Sec., W . J. Kelleher.— (V . 85, p. 601, 1402.)
M EM PH IS RR. TE R M IN A L CO.— V . 84, p. 570.
MEXICAN C EN TR AL R Y . LIMITED (MEXICO).— Operates:
Owned—
M iles.
Owned—
»»
Mexico City to Juarez C ity_____1,224 Jimenez to Rosario--------------------Mexico to Rio Balsas___________ 181 Other branches--------------------------- 0,s‘r
Chlcalote to Tam pico___________ 407
leased—
, .
Tampico to Paredon____________ 370 Mexico Union R y ------ - — - - - - -
Branch, Irapuato to Am eca___ 217 Bar extension (Tampico to La
Branch, Guadalajara to TuxBarra) ________________________ _______
p a n ________________________
12 0
Total July
San Pedro to Paredon.............................................
138 . 1 9 0 7 ..........................3.402
O R G A N IZ A T IO N .— Incorporated Feb. 25 1880 under the general law of
Massachusetts, and also holds a charter from the Mexican Government.
Debt readjusted in 1889— see V . 48, p. 191, 292. 327.
M
Feb. 1908 consolidation of the Mexican Central R y. ,arn(J tne (S ,;
of Mexico and Its controlled roads was effected per plan V . oo, p . wi«'»v o 6 ,
the Mexican G ovt, controlling the consolidated co .,
ah8.„ ^
National Railways of Mexico.
For terms of exchange of st% !j
for securities of new co ., see the statement of the latter.
1 ne collateral
trust notes of 1910 will remain undisturbed at present.
S U B S I D Y .— The balance of the subsidy trust fund in the hands of th *
trustee for the payment of ln t., If needed, on 1st consol. 4 s, on Juno .vj 07
consisted of $1,186,000 of priority mtge. bonds at cost, 5 1 .4 97,3 8 4 , ana
5213 cash, $1.450,000 priority bds. (cost $1,586.178) having oeon with
drawn from the fd. during the yr. end. June 30*07 to pay lnt. V .8 3 ,p .1406.
S T O C K .— Authorized, $32,000 per mile or $ 1 0 0 ,000,000 In all; par, $100 .
In July 1006 $11,285,000 new stock was listed and $328,200 additional
was Issuable for new acquisitions; total, $59,454 ,300 . V . 8 1 , p. i / v z .
B O N D S .— O f the authorized Issue of $ 8 ,000,000 priority ,b.0.n1df,,?n f f i ’i 0®
were paid off with subsidy collections, and canceled In 1891. $ 1 .000,000 waa
reserved for additional rolling stock; the balance, $ 5 -69 7 .000 » was held m
an Investment by the trustee of the consol, m tge.. but 5 l.9 0 i.o u u w a a
withdrawn In 1004-05, $1,000,000 In 1905-06 and $1,450,000 In 1906-07
toward payment of Interest on outstanding consol. 4s; on dune 30 1907
$1,186,000 remained In the subsidy trust fund and $925,000 was m the
treasury. V . 52, p. 390; V . 79, p. 103; V . 82, p. 1497: V . 83, p. 1466.
(See
abstract of m tge. In V . 49, p. 177.)
. .
,
.
.
Both series of incomes are non-cum. and secured b y one indenture t o t h e
American L . A T . Co. of Boston. First Incomes received 3 % Interest In
18 9 0 , 1891 and 1892; none since. V . 72, p. 627, 880; V. 85, p. 40.
In 1907, In addition to the $66,880,000 consol. 4s In hands of public,
some $ 4 1 ,000,000 had been, or were to be, deposited as part collateral for the
$33,000 ,000 coll, trust notes of 1906. See below.
In June 1906 $33,000,000 of 5 % coll, trust notes were sold maturing
July 1910, part of an Issue of $35 000 000. to be used In part to refund the
$ 2 9 ,000,000 coll, trust Issues maturing In 1907 and 1908. The present Issue
will be secured by deposit of $1,200,000 priority 5s, $5,000,000 M ex. Pac.
1st guar. 5s, $2,500,000 Tampico Harbor 1st guar. 5s, $41,000,000 consol,
is and $5,000,000 1st consol, incomes. The coll, trust Issues, each $ 1 0 ,0 0 0 ,
000 maturing 1907 and 1908, had the right of exchange on certain term s.
V . 82, p 1497; V . 8 3 . p. 156.
•
E A R N IN G S .— M ex. cur., J1007-08--G ross, $24,378 ,404 ; n e t, $6,865,179
July 1 to Feb. 29 (8 m onth s\1906-07.-G ross, 19,628,866; net, 5,587,040
A N N U A L R E P O R T .— Fiscal year ends June 30. Report for year ending
June 30 1907 was In V . 85, p. 1080. The gross earnings below are M exican
currency; all other figures United States currency.
Mexican dollars averaged
50 11c In year ending June 30 1907, 50.05c. for fiscal year 1905-06 and
48.41 In 1904-05.
m
------------- Years ending June 30— -----------1906-07.
1905-06.
1904-05.
Gross earnings (Mexican currency)___ $31,236,195 $28,376,806 $20,097,699
Operating expenses------------------------------ 22,070,178
19,810,645
17,599,176
Net earnings (Mexican cu rren cy ).. $9,166,017
Net earnings (U . S. currency)_____ $4,604,456
$8,566,101
$4,287,862
$8,408,523
$ 4 ,118,173
M AP OF TH E
00
V , NORTHERN
MINNEAPOLIS & ST. LOUIS
Valley <5j
PACIFIC
La
Masui
Edgelcy<>—
Fall*
M o n iS g a V -!
Ellendale
Eureka,
RAILROAD & CONNECTIONS.
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<
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Spooner
a
PrentictX s- 8
Turtle
Vlonlco Jc. Pemblni
^Chippewa Falla'
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RAILWAY STOCKS AND BONDS
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|VOL. LXXXVI.
RAILWAY STOCKS AND BONDS
82
R A IL R O A D S .
for explanation of column headings &c., see notes
on first page of tables.
I N T E R E S T OR D I V I D E N D S .
M iles
D a te
of
of
R oad. B onds.
Maine Central— (Concluded)
14
Dexter & Newport stock 5 % Irom N ov 25 1 8 9 8 ._ . .
14
First M (old 6s refunded In 1807) guar p & 1 e n d ..
19
Eastern Maine stock 4 H % rental 099 y e a r s .. — .
137
W ash Co 1st M 520,000 o m sold guar (end) red
Somerset R y notes $1,50 0 ,0 0 0 g u p & 1 . . . . .
....
22
M a n c h e s t e r & L a w r e n c e — Stock 10 % rent till 37 B&M
Real estate bonds (not mortgage) int g u b y B & M .c
37
M a n h a t t a n ( E l e v a t e d ) R y. N Y— Stock $ 6 0 ,0 0 0 ,0 0 0 ..
18
Metropolitan El 1st M $600,000 p m assum g -.C e .c *
32
N Y El debentures secured by con mortgage of 1890
32
Manhattan Elevated consol naortgage gold.C e.c &r
9
Man
P i k e s ' P e a k Ry— 1st M $500,000 g o ld .. .M p .c
71
Md D & V a — 1st M $ 2 ,000,000 auth gold guar p & 1
40
M a r y l a n d & Penn— York & Peach Bottom mortgage
80
First M $1 ,2 0 0 ,0 0 0 gold call at 105.............MeBa.c*
80
Income M $900,000 4 % cum call at par.......... -M Ba
M arylan d * Penn Ter 1st M $200,000 g gu p&l redlOl
378
M a s o n C i t y & F t D o d g e — 1st M $12,000,000 g
Ce.c&r
37
M a s s a w i p p i — Stock guar same dlv as Conn & Pass.
McCloud R i v e r — First mortgage $ 1 ,2 0 0 ,0 0 0 ..................
23
M e a d v i l l e C o n n e a u t Lake & Llnesvllle— First mortgage
M e r i d i a n T e r m i n a l — 1st M $250,000 g guar-------S.c*&r
M e x i c a n C e n t r a l — 1st M Including scrip
Priority bonds gold redeemable at 110 .
Consolidated mortgage $32,000 p m go ld ._B B c » * r 3,138
First cons Inc & scrip non-cum ($9,600 p m) g .A B .c * 3,138
2d cons Inc ($6,400 p m) red 50 % to Aug 1929 ABc* 3,138
Registered Income bonds and scrip unassented-------r
Collateral trust notes $10,000,000 auth and s c r i p ...
Collateral trust notes $35,000,000 g red par & scrip. .
—Car and locomotive rental notes
&
First oons M $16,000,000 gold not g u a r .-M p x c * * r
do
gold guar stp subj to call at 95 to Mar 1907
Income 4 % bonds (no mortgage) non-cum ulatlve..
Mexican Mineral— 1st M $500,000 g red 110 8 f -- M o
Size,
or
P a r
V a lu e .
$100
1807
1904
1907
1892
1878
1886
1890
1891
1905
1882
1901
1901
1906
1905
100
1,000
100
1,000
100
£ & $
1,000
1,000 &c
1,000
1,000
1,000
1,000
1 000
1,000
100
1801
1905
1881
1889
1889
1880
1889
1881
1005
1906
1,000
1,000 &c
1,000
1,000
1,000
1,000
1,000
1,000
5,000
1,000
615
880
880
1897
1899
1897
1897
1897
1,000
1,000
£100 &c
$500 &c
16
1899
________ _
M E X I C A N C E N T R A L R Y . (C onclu ded) —
IN C O M E A C C O U N T F O R Y E A R E N D IN G JU N E 30 1907.
U. S . Currency.
N et earnings_______________$4,604,4561
Deduct—
Interest on Tampico HarTam p.H arb.C o.rent.acc t. $160,125
b o rC o . bonds
.............
1 3 7 ,9 7 5 1Interest on bonds--------------- 4,327,215
W ithdrawn from sub. fund 1.450,0001 A ccts., & c., charged o f f ..
100,637
|Discount on gold notes—
252,988
Betterments & lmprov’ts . 1,315,429
5,948
Op. def. Coah. & Pac. R R .
36,991
Mlsc. Int. & oth. ch arges..
Total available..................$6,192,430
Total deductions..............$6,190,333
Balance, deficit for y e a r ..
$6,903
Chairman of Board, H . Clay Pierce; Pres., S. M . Felton.
Executive Committee; H . Clay Pierce (Chair, of B oard). S. M . Felton,
Eben Richards, W . H . D udley, B. W . Palmer. F. H . Prince. C. D . Simpson.
Office, 25 Broad S t ., N . Y .— (V . 86. p. 480, 5 4 8 . 9J8.)
M E X IC A N IN T E R N A T IO N A L R R .— (See M a p , page 9 1 .)— Operates
Eagle Pass, Tex. (on Southern P a c .), and Ciudad Porflrlo Diaz, via lorreon
on Mex C ent., to Durango, 540 m ., with branches, 124 m .; Reata to M onte
rey, 72 m .; branch to TTahualllo, 43 m .; branch, Durango to Tepchuanes,
via Santiago Papasqulero, 135 m .; Carbon branch, 4 m .; total, 918 m.
June 30 1907, Including Coahulla Coal R y ., Baroteran to M usqulz. 24 m .,
leased for 15 years from May 1 1906. V . 83, p. 1112. Organized under
la'ln April' 19(A co n trol of the road ($15,786,100 of the stock and all of the
$4,499,000 Income bonds) was taken over b y the National R R . o f Mexico
as ner olan V 73 p. 784, and In Feb. 1908 consolidation of the various
Mexican roads was effected under the name of the National Railways of
Mexico. See that com pany.
S T O C K .— Authorized $25,000 ,000 ; Issued July 1907, $ 2 0 ,708 ,200 .
B O N D S .— In 1897 reorganized. Of consol. 4s $2,497,000 were In Jan.
19 0 5 reserved for extensions at $10,000 per mile and Improvements. The
total Issue of consols is limited to $ 1 6,000 ,000 . The National R R . of
Mexico under agreement of June 30 1902 has stamped $6,501,000 of the
consols, as guaranteed, prln. and Int., these having been subject to call at
95 and Int. on or before Mch. 1 ’07. V . 75, p. 185. Of the consols, $ 3 ,0 0 0 ,
000 are deposited as collateral for the N at. R R . of Mex. 5 /o notes. V . 77,
n. 769.
Prior lien 4 ^ 8 , see V . 6 5 , p. 151, 1071. Consol. 4s of 1897 listed
on N . Y . Stock Exchange Feb. 1898. See application In V . 66. p. 341.
Dividend on Incomes, 4 % , was paid for 1902 to 1907 Inclusive.
E A R N IN G S (Mex. cur.)— J 19 07-08-.G ross, $5,722,954; net, $1,820,124
July 1 to Feb. 29 (8 months) 1 1 9 0 6 -0 7 ..Gross, 5,303,144; net, 1,711,178
A N N U A L R E P O R T .— Report for year ending June 30 1907 was In V . 85,
p. 1139, 1149; see a ls o editorial, p. 1116. Average mileage operated, 915
miles, against 888 In 1905-06.
Fiscal
Total rec'ts
Net rev.
Net rev.
Other
Int. on Balance,
Year__
(M ex cur.) (M ex.cu r.) ( U .S .cu r.) Income. Bonds. Surplus.
1906 07
$8 572 770 $2,817,707 $1,408,854 $12,911 $731,470 $690,295
1905-06-------? ’ 314 212
3,104,905
1,552,452
31,719 731,470
852,701
Pres., E . N . Brown. New York office, 60 W all S t.— (V .8 5 , p. 1577.)
M EX ICA N NORTHERN R Y .— Owns from Escalon, M exico, on the Mexlm d Central R y ., to Sierra M ojada, 83 miles, all steel.
S T O C K ,— Capital stock Is $ 3 ,000,000; par of shares, $100; see application
for listing on N . Y . Stock Exchange In full, V . 64, p . 619.
D IV I D E N D S .) ’ 92
’ 93
’ 94 ’95
’99 ’00
’01
’02
’03 None
P e r c e n t - . . / 6)4
6)4
6
4 yearly.
5
4)4
2 1)4 Since.
B O N D S .— Mtge. $1 ,6 6 0 ,0 0 0 , of which $786,000 In s. f. Dec. 31 1906.
R E P O R T .— For year ending Dec. 31, U . S. currency:
Year__
Gross.
Net.
Oth. inc.
Charges.
Surplus.
tonA
*328 816
$210,505
$46,503
$116,040
$140,968
i9 0 5 i : : : : : : : 352 799
2 3 0 :7 12
4 2.70 5
1 1 9 ,5 1 0
15 3 .0 0 1
__.(V . 72, p. 581, 1011* V . 74, p. 1089; V . 7 7 , p. 2098; V . 8 3 , p. 1344.)
M EX ICA N R Y .— See page 170.
■MEXICAN SOUTHERN R Y .— See Issue for Oct. 1907; V . 86, p. 721.
M IC H IG A N C EN TR AL R R .— (See Maps New York Central & Hudson
River.)-—L IN E OF R O A D .— Main line— Kensington to Detroit. $70 m .,
and W indsor to Suspension Bridge (Canada Southern), 226 m .; total main
line 496 miles.
Branches owned and leased, 1<430 m „ trackage (111 Cent.)
Into Chicago under perpetual lease, 14 m .; total, Jan. 1 1908, 1,746 miles.
There are 541 m . of second track and 1,261 m . of side tracks.
In December 1907 the Chicago Kalam azoo & Saginaw R ailw ay.,
Pavilion to W oodbury, M ich.. 55 miles, was acquired In the Interest of the
com pany, but will be operated Independently. V . 84, p. 50. On May 1
1907 the Detroit & Charlevoix R R ., Frederick to East Jordan, 44 m ., with
branch to Blue Lake, 8 miles, was purchased. V . 85, p. 221. For contract
with Canada Southern see that company.
, ,
„ . . ,
In April 1908 the Mich. Central was building a third-rail electric tunnel
road under the Detroit River from W indsor O n t., to Detroit, M ich., 2.42 m.
long, under the charter of the Detroit River Tunnel C o., which Is leased for
999 years from Jan. 1 1907. See B O N D S below. V . 80, p. -3 4 3 ; V . 82,
p. 1156: V . 84. p. 339, 1052.
O R G A N IZ A T IO N , C O N T R O L .— Re-Incorporated under general law
In D ec. 1901. V . 73, p. 1208. The N . Y . C. & H . R . R R . Co. In April 1898
gave $115 In Its 3 )4 % 100-year gold bonds for $100 stock, and so holds
$16,8 1 4 ,3 0 0 of the $18,738,000 stock Issued.
D IV S V83. ’ 84. ’ 8 5 -’86. ’8 7 -’89. ’90. ’ 91. ’92-94. ’95to’06. ’07.
1908
%
( 5
3
nil.
4 yrly.
5 5
514 yrlY- 4 yrly. 6
Jan., 5
In '1907, 6 % (J. & J .); In Jan 1908, 3 % and 2 % extra.
B O N D S .— Battle Creek <fc Sturgis bonds for $500 ,00 0, but of this $79,000
was sub-guaranteed by the Lake Shore & Mich. S o ., 7 miles of the B . 0 . & S.
being operated by that com pany. The $1,740,000 3 )4 s of 1901 are a 1st
mtee on the Jackson Lansing & Saginaw R R .. 350 miles (V . 73, p. 1061:
V . 7 6 , p. 1027 ). Of the $18,000,000 3)4s of 1902, $10,000 ,000 were sold
Am ount
O u t s t a n d in g
R a te
%
5
$122,000
4
175,000
200,000
4)4
2,500,000
3)4 g
5
1,500,000
10
1,000,000
4
274,000
7
60,000,000
6 g
10,818,000
5
1,000,000
28,065,000
4 g
5
500,000
5 g
2.000,000
5
202,450
897,000
4 g
900 000 4 In 1907
200,000
5 g
4 g
12,000,000
6
800.000
5
5
200,000
250,000
4 g
265,062
(7) 4
2,396,000
5 g
65,878,000
4 g
20,569,700
3 g
3
11,28 : ,000
325,200
3
1,226,195
5 g
33,775,000
5 g
450,000
5 g
600.000
5 g
5,850,000
4)4 g
705,500
4 g
6,501,000
4 g
4,499.000 4 In 1907
b$340.000
ft or
W hen
P a y a b le .
J
M
M
J
J
M
J
(.
J
M
A
A
F
M
M
A
M
J
F
& J
& S
& N
& J
& I)
*
N
& J
—J
& J
& S
& O
& o
& A
& S
& s
& o
& N
& D
& A
W h e re P a y a b le , a n d b y
W hom .
Treasurer’s Office,Portl’d
2d Nat Bk, Bost & Port
Office. Rockland Me.
Treas Office, Portland.Me
2d N at Bk, Bos; & Port
Manchester and Boston
Boston & Me R R , Boston
21 Park R ow ,N ew York
Mercantile Trust Co, N Y
do
do
do
do
See text.
Treasurer's Office, Phlla
First Nat Bk, York. Pa.
Brown Bros, N Y ; & Balt
do
do
Alex Brown & Sons, Balt
Blair & Co. New York
S D & Tr Co, Boston
Merch Nat Bk, Meadv.Pa
Standard Tr. C o.. N Y
Safe Deo & Tr Co.Boston
do
do
S afeD ep & T r C o , Boston
None paid.
do
do
July 1
& J Co.'s Off,25 Broad S t ,N Y
J
& J
J
& J
& N
& J
J
& J
J
&
J
J
July 10
J
M
A & O Old Col Tr Co, B o s t * Lon
do
do
A & O
M & s Speyer Bros, London
M & s Speyer * Co, New York
do
do
M & s
Sept 1 Owned by Nat R R of Mx
F & A Morton Trust Co. N Y
Bond•— Princi
pal. When Due
Stock*— Last
Dividend.
1 1917
1908 2 H %
1 1954
_____ 1 1911
May 1 190,s 5 %
"
1 1922
1908
1916
Feb
1 1909
1 1955
1 1951
„ n ..J 1 1951
May 1 1936
1937
____ 1 1021
May 1 1955
1 1911
1 1939
Jan 10
July 1
Sept 1
July 1
1939
1911
1908
1910
April
Oct
Sept
Sept
Sept
Sept
Aug
1917
1919
1947
1977
1977
1977
1919
1
1
1
1
1
1
1
to retire first 5s and 7s, $4,000,000 additional being sold; $5,000,000 re
served for additions, &c. V . 74, p. 728; V . 7 6 , p. 102; V . 83 p. 1229.
In June 1907 $1,500,000 first 4s on Joliet & Northern Indiana (author
ized Issue $3,000,000) were sold. V . 84, p. 1367. 1428.
Toledo Canada Southern & Detroit guar. 4s of 1906, see V . 82, p. 930; form
of guaranty, V 85, p. 406.
The Detroit River Tunnel bonds, authorized Issue $15,000,000 (see above)
bearing Interest at not exceeding 5 % , will be guaranteed by the Mich. Cent
V . 8 2 , p. 868. 1156.
Jointly with four other roads, covenants to pay New York Central Lines
$30,000,000 5 % car trusts of 1907, the com pany’s share of equipment leased
being about $4,000,000. V . 85, p. 1402; V . 86, p. 168.
G E N E R A L F IN A N C E S .— In Jan. 1907 dividend rate was raised from
4 % to 6 % yearly and In Jan. 1908 2 % extra was paid. V . 85, p. 1577.
In Jan. 1907 $10,000,000 3-year 5 % notes were sold. V . 84, p. 271.
E A R N IN G S .— 2 m o s .,j l 9 0 8 .......................Gross, $3 ,7 4 2 ,5 3 0 ; n e t,$564,365
Jan. 1 to Feb. 29.
11907...................... Gross, 4.36 7 ,8 1 4 ; net, 628,687
A N N U A L R E P O R T .— Report for 1907 at length was in V . 86, p. 860.
Year ending Dec. 31—
1907.
1906.
1905.
1904.
Gross earn in gs................. $28,547,110 $26,275,588 $23,283,868 $ 21,492,94a
Operating expenses____ 23,131,751
21,730,264
18,865,916
17,041,014
N et earnings.....................$5,415,359
N et, Incl. other Income. $6,117,878
Rentals paid------------------568,200
Interest on debt________
2,098,230
Taxes ..................................
1,008,776
Interest on loans, & c___
713,307
Dividends........................... (8)1,499,040
$4,545,324
$4,047,328
566,310
2,073,850
1,001,741
317,599
(5)936,000
$4,417,952
$4,733,764
561,202
2,015,320
962,002
221,785
(4)749,500
$4,451,030
$4,515,401
541,310
1,989,663
1,111,653
(4)749,520
Surplus............... $230,325 $50,928 $223,934 $123,255
Pres., Wm. H. Newman. N. Y.—(V. 86, p. 108, 795, 851, 860.)
MIDDLETw
OWNm
UNIO
NVILLn
E, N
&. Y
W
TEU
R GAvPllle,
RR
.— (See M a p Erls
RR. Co.)—
..Ato
N
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11..6S5um
Stock, $14O
9,85n0s;fro
par,M
$id
50d.letow
Controlled
,th
rougnhlon
stock,by
N.,. Y
sqile
. s.
&
West., whichpaysInt. onbonds. InyearendingJune301907, gross, $75,
640; net, $26,643; charges. $22,440; sur., $4,203.—(V. 64, p. 664.)
ID
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;
V
.8
0
,
p
.
2
3
4
5
.
TheCherokeeConstructionCo., with$3,500,000stock, whichownsnearly
all thestockof therailroadcompany, InDec. 1907sold thelatter’sbonds,
all of whichwereheldbyIt. V. 85, p. 1462; V. 81, p. 1610. Thetonnage
from
30,0a0u0thaorized
ddition
acre
s0Is0;con
Stock
, a$l9,0
00,0
outrolled
tstand.ing Oct. 1907, $5,080,000: p ar
of
sh
a
re
s.
$
5
0
.
B
o
n
d
s
a
re
su
b
ject
to
ll18atav1e0ra
7/4
andInkro
clu d in g J a n . 1
19
10.$24F
en
dingCJhu
es30E.19In
07geca
(3
gendto
mT
iles),
. .i$Y0a6rn
i,2a2ll.J;
n
et.
5or
,75y5e.arP
res.,
an
rle
rso
ll; Seo.a
reas..Hs.aE
Office. Girard Trust Bldg., Philadelphia.—(V. 86, p . 548.)
MILLCREEK&MINEHILL NAVIGATION&RR.—Mill1CreekJet. t®
BroadMtn., Pa., 6.3 m.; branch, 3.8m.; 2dtrack, 3.8m.; total track, 34.
m
ile
Le1a8se
InP
18
1.for
9dyin
eagrsRailway
to Phlla
.&
R..d le
sumes.d In
96dby
h6lla
&9
R9ea
; ren
taR
l.ea
$3d3in
,0g00Ran
taaxse
es.as
MILLEN &SOUTHWESTERNRY.—Owned Mlllcn, Ga., to Vldalia, 53
miles. In Aug. 1907 consolidated with the newGeorgia &riorma Hy.,
whA
ich
e.efirs
V.t85
2s,, se
p.o7V
51.,8102,1p2.;V
.2845., pIn
. 34y6
. rendingJT„„„minns
stoseth
14
ea
une301906, gross,
$88,349; net, $25,061.
MINEHILL&SCHUYLKILLHAVENRR.—FromSchuyiklUHavento
A
and
rise
Jet.,
42tom6
.;%
2don
trastock
ck, 21u
.0n3der
m.,ntota
1300.1
1
msh
ilela
s.ndIn
18E
97nte
rerp
nta
l red
uced
ewlletra
aseck,for
99
years fromJan. 11897to Phlla. & Read. By. Co. Dividends paidstock
holders are 2H%inJan. and3%InJuly, H%being deducted for taxes.—
(V. 03, p. 1011,)
MINERAL RANGE RR.—Houghton, Mich., to Calumet, Mich., 14 m.;
Hancockto Mohawk, 21m.; branches, 30m., South Rangeextension,Ke
w
e
enawkBR
ayto
igasn1M
ine.;, 3tota
9m., op2
en
ed
Dec.
00n
0; tra
ckage, 5 mn
.;
M
. eoM
pH
eich
ra
6
m
s,erg
a2ll4ed1
sta
J
uoh
neaw
11901Rth
ante
cock7&m
Calumetl.R1R
.w
aile
sm
(V.da
7rd
3, pg.a7u8g5e.). O
In
y
189ce.
5 pA
aid
idend
896,nd7%
:;1p8a9r,8.$1
3)4%
neoa
nresin
uthd.ivstock
, s$110)4%
,200,00:0I;*1ou1tsta
ing;, 1
$8
19
,078,57%
,000
00. ;
BONDS — C o n s o l s f o r $7,000 arereservedfor $5,100old bonds. Of the
$593,000outstanding, $339,000are5s; theCan. Pac. onJune301907owned
th
e rem
ingI$
0te(w
th
0.07g3e,np..m
46
s;
both
of a
win
hich
t2g5u4a,0
ra0n
eshaich
stoare
Int.4s),
V.a7n5d. p
. e55$41.,0S0e0e,0V
55tg
6e.
, 61
V.E
7A
3.RnN
.IN
78G
5.S.—
Of ton
n
a
g
e
In
1
9
0
6
-0
7
8
6
%
w
a
s
o
re
s
a
n
d
m
in
in
g
p
rod
u
cts
For 8 monthsNet.
endingOther
Feb. 2
9.
8 months—
Gross.
Inc. Charges.
Balance.
1907-08 .............. $536,683
507,504
1906-07 ..............
$90,151
127,4 1®
$2,992
2,285
$97,292
08,688
def.4 , 149
sur.31,046
REPORT.—For year 190807, gross, $786,941; net, $169,796; other In
come, $1,849; taxes, $34,741; Int., $91,360; sur., $45,545—(V. 73. p. 785.)
MINNEAPOLIS &ST. LOUIS RR.— (See M ap .)—Owns mainline Minneapolls to Angus, la., 260 miles; Western Dlv., Hopkins to Watertown,
9.
21in
5nm
ile
s;SK
aio B
n
, in
1nm
.;154Lam
k.e P
aerk
ranck
cha,ge1)4
m.;Mln
Wn
ln
-S D.,, M
.,P
to
torm
Lt.ra
akP
e,ach
M
.,orth
L
ase
sB
tra
from
eto
i
to
S
t.
a
u
l
ov
er
S
u
l
&
N
.
P
a
c.
R
R
.,
1
0
m
.;
from
S
p
en
ce
r
Ruthvenover Ch. M. &St. P., 12)4 m.; fromTarato Fort Dodgo, over 111.
C
en
m.:toleR
asueth
sD
es,M
Dlodog
Rted
R., D
to7,F7ort
oile
dgs.e
an
dt..Ta6ra
ven
1o3in
8e)4s &
mF
.;ort
tota
poera
JucsneM3o0ine1s90
98D
m
Also
ow
n
s,
b
u
t
le
a
s
e
s
to
B
u
r.
C
.
R
.
&
N
.,
A
lb
ert
L
e
a
to
Iow
a
S
ta
te
lin
e
,
1
3
m
h,0
e0M
nth
eso
ta Dastock
kota,&IsPbaucific
Insion
corpofrom
ratedW
Inatertow
Jan. 1n9,06S.wD
ith
$2T
00
0in
au
orized
ildinR
gy..
exten
.
westto Missouri Riverat Le Beau, S. D., 172miles, andbranchfromConde
northwest toLeola, S. D.. 57miles, completedSept. 1007. V. 85, p. 1216.
A pr ., 1908. j
RAILWAY STOCKS AND BONDS.
R A IL R O A D S .
For explanation of column headings, A c ., see notes
on first page of tables.
M iles Date
ot
of
Road. Bonds.
Mexican National— See National R R ot Mexico.
83 1890
Mex Nor— 1st M U S gold s t not called____ M o.c’ &r
Mexican Railway Limited— Ordinary shares--------------First preference stock 8 % .......... .............................. ...........
Second preference stock 6 % ........ ......................... ..............
Perpetual 6 % debenture stock .. — .........................—
321 ____
Mexican So Ry Ltd— Ordinary shares £ 1 ,0 0 0 ,0 0 0 ------228 1896
1st M deb stock £ 1 .0 0 0 ,0 0 0 red par 00 years t e x t ..
Michigan Central— Stock------ --------- ------------------------------270 1902
First mortgage 818,000,000 gold...................... d .c*& r
115 1890
M 0 Michigan Air Line first m ortgage-------Un.c&r
152 1881
M 0 1st M on Det & Bay City ( 8 4 ,0 0 0 ,0 0 0 ) ... Un.c
do
do
bonds without coupons____ r
152 1881
84 ’7 9 - ’86
M C first mortgage on Grand River Valley R R . Un.c
M C first mortgage on Kalamazoo & S H aven__Un.r
39 1889
M C 1st M Term V 80, p 108)--------- ------------------- c&r
1890
Mich Cent 1st M on Jack Lans & Saginaw g old .c*& r
350 1901
M C 1st M on Jol & Nor Ind 83,000,000 g o ld ...............
45 1907
Car trusts (reg part ctfs) guar Amer C & F ..S S t
1904
Notes 810,000 ,000 g o l d ........................................... c&r
1907
Jack Lans & Sag stock 3 H % yearly guar by e n d ..
Grand River Valley stock rental In perpetuity_____
84
Bay City & Battle Cr 1st M g guar p & 1 e n d .. Alp.c*
18 1889
Battle Cr & Sturgis 1st M g guar p & I e n d -.M p .c *
41 1889
TolCanSo & Det 1stM 84,500,000 g gu p&l(end) Q c'& r
59 1906
Detroit River Tunnel 1st M 815,000,000 guar____ a
1906
Middletown Union & Water dap— 1st M ext in ’8 6 . _c*
13 1866
Second mortgage lnt guar ext In 1896 (see t e x t ) . .c *
1871
Mid Val— 1st M 820,000 p m gold red ( t e x t ) ..d P .c *
293 1904
Mill Creek & Mine Mill Navigation & RR— Stock____
—
...
Milieu & Southwestern— See Georgia & Florida.
Milwaukee Lake Shore & Western— See Chicago & North W este
Milwaukee & Lake Winnebago— See Wisconsin Central
Milwaukee & Northern— See Chicago Milwaukee & St Paul
Mine Hill & Schuylkill Haven— Stock (6 % rental)____
42
Mineral Range— Cons mortgage (text) gold red at 105.C
66 1891
General mortgage Interest guar by Canadian P a c .. F
66 1901
Hancock & Cal cons M gold red at 105 assumed
20 1891
a Exclusive of 8810,000 held by sinking fund,
b 81 0.000 additlo
Size, or
Par
Amount
Value. Outstanding
1,000
£10
£10
£10
£ 10
100
1,000 &c
1,000 &c
1,000
1,000 &c
1,000
1,000 &c
1,000 &c
1,000
1,000 &c
100
100
1,000
1,000
1,000 &c
100 &c
500 &c
1,000
25
I N T E R E S T OR D IV I D E N D S .
Rate
%
When
Payable.
Where Payable, and by
Whom.
Bonds— Princi
pal, When D ue.
Stocks— Last
Dividend.
#5844,000
6 g
J
& D Office, 82 Beaver S t, N Y Dec 1 1910
£ 2 ,2 5 4 ,7 2 0
£ 2 ,5 5 4 ,1 0 0 8 In 1907 M & N Glyn,Mllls,Currle&Co.,Lo N ov 22 1907 4 %
£ 1 ,0 1 1 ,9 6 0 413i « I n ’07 See text.
do
do
N ov 22’0 7 Z H %
£ 2 ,0 0 0 000
6
J
& J Glyn,MllIs,CurrIe&Co.,Lo Perpetual
£ 1 ,0 0 0 ,0 0 0 See text. See text. Checks mailed.
May 9 1907 3 %
£686 ,5 2 4
4
F & A
c l8 .7 3 8 .0 0 0
J &
Grand Cent Station, N Y Jan 29 1908 5 %
8 te
14,000,000
3 « g M & 1 Reg at G C S; cp at G T May 1 1952
2,600,000
4
J
&
Reg at G C S: cp at U Tr Jan 1 1940
J 4,000.000
5
M &
Union Trust Co, New Y k Mar 1 1931
5
Q— M Grand Cent Station, N Y Mar 1 1931
1.500,000
6
M & S Union Trust Co, N Y
Sept 1 1909
700,000
5
M & N Grand Cent Station, N Y N ov 1 1939
725,000
J
& J Reg at G C S; cp at U Tr July 1 1941
4 g
1,740.000
3 X g M & S Reg at G C S; cp at G Tr Sept 1 1951
1,500.000
4 g
J & J10 Guaranty Trust Co, N Y July 10 1957
1,096,200
4 X g Q— M
To ju n e 1 1910
10,000,000
5
F & A Grand Cent Station, N Y Feb 1 1910
2.000.000
3h
&
Grand Cent Station, N Y Me t 1 ’08 1 H %
491,200
5
&
Jackson, Mich.
Jan 1908 2 H %
250,000
&
Union Trust Co N Y
Dec 1 1989
2
421,000
A
do
do
Dec 1 1989
3,100,000
&
4 g
Grand Cent Station, N Y Jan 1 1956
N ’ neApr’ 08
150,000
M & N New York Susq & W ,N Y N ov 1 1911
5 g
5
250,000
J
& D
do
do
June 1 19ic
5 g
5,854,000
J
& J Office, Philadelphia.
Jan 1 1954
323,375
10
J
& J Philadelphia
Jan 1908 5 %
e
5e
rn
50
4,210.200
500 &c
593,000
100,000
1,000,000
1,000
325,000
nal in sin king fund.
H I S T O R Y .— A reorganization In O ct. 1894, per plan In V . 59, p. 371, of
Railway foreclosed under Improvement and equipment mtge.
In Juno 1900 persons Identified with Minn. & St. L . obtained control of
the Iowa Central R y
The same Interests control the Toledo St. Louis &
W estern, which In SeDt. 1907 acquired control of the Chicago & Alton.
Des Moines & r t . Dodge R R ., control acquired In 1904, Is leased lor 30 years
from Jan. 1 1905. V . 78, p. 2335; V . 79, p. 269, 1704; V . 81, p. 1430.
. ST O C K .— Com m on, 85,000,000; pref., 5 % non-cum ., 8 4,000,000. After
6 % on each, they share pro rata.
D IV S .—
1’07. ’98. ’99. ’00. ’01. ’02. ’03. ’04. ’05 to ’07.
1908.
P re ferred -------% 3
3 ^ 4 ^
5
5
5
5 5
5 yearly. Jan., 2 X
C om m on ---------% J ------ None----- 1 M
4
5
5 2U
o
_____ . . . .
B O N D S , &o.— Bonds Issued under the m tge. due June 1927 numbered
from 1,101 to 1,400, for 8500 each, additional to those above, were assumed
by Burl. Cedar Rap. & North, (now Ch. Rock I & P a c.).
As to first consol, m tge., see abstract V . 59, p. 1145.
The refunding
mtge. of 1899 limits the first consols to 85,155,000.
First refunding mtge. of 1899 is for 8 25,000 ,000 , of which 89,6 6 2 ,0 0 0 re
served to retire underlying bonds and 84,924,100 for future extensions Im
provements. & c ., under severe restrictions. The mtge. Is a first lien on 283
miles of road, & c., and a blanket lien on rest of property, and Is further sc
oured by deposit of 82.530,000 Des Moines & Ft. Dodge com. stock
V 68
p . 187, 332; V. 79, p. 2147; V. 80, p. 2220. See appl. to list, V . 69, p. 32.
The 85.000,000 5 % notes of 1906, the proceeds of which were used for
the construction of about 230 miles of road from W atertow n, S. D ., westerly.
They are secured by the 56,250,000 Minn. Dakota & Pacific 1st gold 4s
and the latter’s entire stock. V . 82, p. 392, 692, 1102; V . 83, p. 38, 1114.
The 53,072,000 Des Moines & F t. Dodge 4 % bonds dated Jan. 1 1905
are guaranteed, principal and Interest. V . 79, p. 1704, 2696.
E A R N IN G S .— 8 m o s .,11907-08...........-Gross, 82,702,290; net, 5840,209
J
"
' ?
. 11906-07--------- Gross,
2,545,340; net,
890,448
A N N U A L R E P O R T .— Annual m eeting first Tuesday In O ctober.
port for 1006-07 was In V . 85, p. 1204, 1215.
83
R e
Year ending June 30— 1906-07.
Aver, miles operated____
798
Gross earnings......................53,873,668
Net over taxes....................... 5 1,316,537
Other In co m e.......................
292,943
1905-06.
799
83.726,665
51.417,468
259,732
1904-05.
720
53.076,756
51,130,381
236,075
1903-04.
642
52,850,505
51.040,263
275,248
Total net Income..............81,609,480
Interest paid..........................51,105,388
R e n ta ls ...................................
66,257
Net earns D . M . & F t. D .
100,909
M iscellaneous......................
22,492
D lv. on pref. stock..............(5)200,000
D lv . on com . stock..................................
81,677,200
51.095,932
66,522
98,716
81,366,456
51.020,376
61,737
51.324,511
5931,447
56,045
(5)200.000
26,848
(5)200,000
38,042
(5)200,000
( 2 ^ )1 5 0 ,0 0 0
. 5H
4 g-5 g
4 g
5 g
& J
& J
& J
& J
h 816.81
Office, 110 S 4th S t, Phlla
44 W all S t, New York
All owned by Can Pac
44 W all S t, New York
,300 held by N Y C & H
Jan 15 ’08 2
Jan 1 1931
Jan 1 1951
Jan 1 1931
R R R Co.
%
M INN ESOTA TR A NSFER R Y .— Union road, owning 13.54 miles, ex
tending from Junction with Chic. Mil. & S t. Paul at Merrlam Park to Frid
ley (with stock yards, & c.); side tracks, 45.72 miles; total, 59.26 miles. V .
6 7 , p. 956. Stock, 570,000 , equally owned by Chic. MIlw. & St. Paul, Nor.
Pap., Chic. St. Paul Minn. & Omaha, Minn. & St. Louis, Wisconsin C ent.,
Chic. Burl. & Quincy, Great N orth., Chic. G t. W e s t ., Minn. St. Paul &
Sault Ste. Marie and Chic. Rock Island & Pacific.
Additional bonds can be Issued for property and Improvements as re
quired. Principal only Is payable In gold. Mtge. trustee. Northwestern
Trust C o.. St. Paul, Minn.— (V . 66, p. 1238; V . 67, p. 956.)
M ISSISSIPPI A R K A N S A S & W ESTE R N R Y .— Owns from a point In
Drew County, A rk ., to Gaines Landing, on the Mississippi River In Chicot
County, A r k ., 22 miles. Stock authorized, 5220,000.
Year ending June 30
1904, gross, 825,389. Pres., A . P. Bliss, Saginaw, M ich.; Sec. and Gen.
M gr., A . F. Cook, Little Rock. A rk .— (V . 75. p. 442.)
M ISSISSIPP I CEN TR AL R R.— Owns Hattiesburg, M iss., to Brookhaven, 84 miles, of which Silver Creek to Brookhaven 29 m ., opened
June 1906. V . 81, p. 155. Extension building from Hattiesburg to Scran
ton, 80 m ., of which 14 m . completed Mar. 1908. The Natchez & Eastern
R y ., controlled by the same Interests, to be opened M ay 1 1908, from
Natchez, Miss., to Brookhaven, 66 miles. V . 85, p. 99, 160. Stock,
81,500,000.
Bonds (limited to 55.000,000) are Issuable at 520,000 per m .; they are su b
ject to call In the order of numbers at par by a yearly sinking fund of 5500
per mile of road covered, and as an entire Issue at 110. Thev are guaranteed
prln. and in t., by U . S. Lumber Co. V . 81, p. 1840; V . 82, p. 161, 1046.
Year ending June 30 1907, gross, 5550,201; net, 8183,707; other Income,
on boiids *81,900; betterments, $27,013; dividends ( 6 %
890,000; bal., def., 813,454.
Pres., F. L. Peck; Treas., John T . Porter;
Secretary, G. F. Royce.
Office, Scranton, P a .— (V . 85, p. 221.)
M ISSOURI & ILL IN O IS B RID O E & BELT R R.— Has bridge 2,100 feet
long across the Mississippi River at A lton , 111.; also 2 miles of road. Owned
by 10 of the 14 proprietary roads of the Terminal R R . Association of St.
Louis, viz.; Cleve. Cine. Chic. & St. L .. Louisville & Nashville, S t. L . Iron
M tn. & South., Balt & Ohio, Missouri P ac., W abash, Chic. Rock Island &
P a c., St. L. & San Fran., Mo. K an. & Tex. and St. L. Vandalla & Terre
Haute (Penn. R R . system ). Incorporated in Aug. 1904 as successor of the
S t. Clair Madison & St. Louis Belt R R . V . 79, p. 1642. 681. Stock, 52,500 •
000; outstanding, 5110,000. Pres., A . J. Davidson; Treas. F. H . H am il
ton: Sec., G. L. Ball
Office. Lincoln Trust B ld g., St. Louis.— (V . 80. p.
711; V. 06, p. 1380.)
M ISSOURI K A N SA S & T E X A S R Y .— R O A D .— Operates a line with
northern termini at St. Louis, Kansas City, Junction City and Hannibal
M o., extending southerly across the Indian Territory and the Texas cotton
belt to tidewater at Galveston, on the Gulf of Mexico, and to San Antonio,
rex ., and Shreveport, L a ., with branches.
(a bee this com pany.)
Road owned—
M iles. ' Operated— not owned.
M iles.
Missouri K an. & T e x . R y .—
W ichita Falls R y ........ ..............
«18
S t. Louis to Red River, T e x . . .6 2 9 Denison Bonham & N . O. R R ___a 2 4
Hannibal to Franklin Jet_____ 104 Dal. Cleb. & Southwestern
alO
Branches to Paola and Parsons,
Dewey, I. T . , to Bartlesville___ I "
4
K an .; Oklahoma City and
Austin, T e x ., terminals....................
2
Guthrie, O. T ., and W ybark
Operated jointly.
and A toka, I. T ., & c________ 921 St. Louis to Texas Junction_______ 24
Mo. Kan. & T . R y. of Texas—
Kansas City to P a o la .......................... 43
Red River to Houston, T e x .. .5 4 8 Whltesboro to F t. W o rth __________ 7 1
Denison to Henrietta____ __
1 1 2 lola to Piqua, K ansas......................
7
Other branches......................
476 Galveston Houston & H end_____a50
Austin to San Marcos_____________ 29
Balance, surp. for year. 8114.434
8216,030
857,495 def.S52 922
O F F IC E R S .— Pres., Edwin Hawley, N . Y .; V .- P ., L. F . Day; Sec Jos
Gaskell, Minneapolis; Treas., F. H . Davis, 25 Broad S t ., New York ’
‘
Directors— E. H awley, H . E. Huntington, James N . W allace,’ F E
Palmer, F. H . Davis, John E . Searles, Frank Trum bull. New Y ork’ L C
W eir, N. Y .; L. F. D ay, Minneapolis.— (V . 85, p. 793, 1204, 1 2 1 5 .)
’
M I N N E A P O L I S S T . P A U L & S A U L T S T E . M A R I E R Y .-O w n s main
line from Sault Ste. Marie. M ich., via Minneapolis to Portal, North Dakota
at the International bovndaiy line, there connecting with the Canadian Pac
1.039 miles; branches, Hanklnson, N . D ., to Garrison, 202 m • Glenwood’
M inn., to Emerson, 265 miles; Thief River Falls, M inn., to Kenmare. N D ’
296 miles: W lshek, N . D .. to Pollock, 70 m .; other branched, 282 m ; spurs;
19 m .; total, July 1007, 2,283 miles; also trackage to Minneapolis, St. Paul
(being replaced by line owned. V . 83, p. 38) and Sault Ste Marie, 10 miles.
Total o w n e d ---------------------------2.790
Total operated July 1 1 9 0 7 .-3 ,0 7 2
From Flaxton, N . D ., westerly to Am brose, 51 miles- from Drake
Th^M D^afn n n ? I L &^ T ^ eo.t e ;l,Jr1899r.wlthout foreclosure. V . 49,p .719
N . D .. to Plaza. 84 m .; and of the Garrison line to Max™ 4 m .. were com
(VT 54 Sn 2 n? 407 -0v ° sa £
x r ’ £ ’ ,* J - RalIwtW Co. of Texas” Is owned
pleted late In 1906. V . 83, p. 750.
Extension from main line near Brooten
Y,-,5 5 ’ P- 298). M. K . & Eastern was merged In 1897, K . C.
M inn., northeast to Duluth, 189 miles, was proposed
In Feb 1908 89
& Pac. In 1899, Sher. Sh. & So. In 1901 and Mo. K an. & Okla R R and
miles had been graded, on which 50 miles of track laid work b’clng sus
^®^o?,^c, 9 i ci a \i R " *n I®0 4- V . 74, p. 1038. 1140; V . 75, p . 608 1086- V 76
pended for the present. V . 84, p. 693.
’
* 6,118
p. 480, 1249; V . 78, p. 2012. Cut-off to San Antonio opened July 1906’
H I S T O R Y .— A consolidation In 1888 of Minn. Sault Ste. Marie & Atl
Minn. & Pao., &c
See V . 46. p. 538, 609; V . 77, p. 628
’
Ject^to Inffiai^tlUe. S e e ^ f ^ l L ^ l V o ^ 11 ?sT f V ^ S l^ ’p3 ’668 ’41042-Cccunpare
«nHT^ C^ T £ anadian ? acIfJf
Ju,ly 1 J9? 7 owned *7,068,600 common
and 53,533.400 preferred.
Preferred stock lias a prior right to 7 % (nonV . 874’. Pp .252o 1 Vl’25458 ’: " v . ^ / p V a V . P’
V ’ 7 7 ‘ P‘
V * “ •* ’ » 92’
cum ) ; then common to 7 % ; then share pro rata.
V . 75, n. 540. 7 Stock
holders voted Sept. 17 1907 to Increase the authorized stock from 814 000 - nr?rI2£iK.,._ ; ? ? ^ 0Sonnf ri a8e<1 ln 1904 by *7,2 0 0 .0 0 0 to 563.300 .300 ;
.te,’000^ 000 4 / ° non-cumulatlvc. Par of shares. 5100.
000 to 828,000 ,000 common and from 87,000,000 to 514,000 000 preferred
D IV ID K N D S.— On pref., 1906 to May 1908. 4 % yearly (M & \ )
Stockholders of record Sept. 28 1907 were offered the right until Oct 31 to
subscribe pro rata at par for 51.400,000 pref. and 52,800,000 common stock
-.nP«O N D S ,;T'M ; K ’ &„ T - te* and 2d mtges. of 1890 (abstracts ln V . 5 1 . n
payable 20 /Son subscription, 20 % Dec. 2 1907 and 20 % each Feb 3 April 1 495) cover line from Hannibal, M o ., to a point 80 m. from Houston TexP*
941 m . (except 71 m . of trackage) and sundry branches, the total mileae’e
i ? o Jn n n n n 1n !l 8 mralsI? lt ,thc nmo,i nt outstanding to 58,400,000 p re f.a n d
516.800.000 common stock. V . 85, p. 160, 722, 7 0 3 ,1 6 4 6 .
mortgaged being 1,6 0 1 m ., Including the Sherman Shreveport & So bu tsee
bej
™ . These mtges. also cover t h l right to the land grant In Ind an Ter
D m D E N D S - ..1 9 0 3 .
1904.
1905.
1906.
1907.
1908
The M issouri Kansas A Eastern bonds originally guaranteed were assumed’
Preferred (per c e n t ) ..
7
7
7
7
7
(77 •
n June 1896, the road forming the St. Louis extension from FraSkUn Mo
2
4
4
4
4
3
C o m m o n ( p e r c e n t ) ____
O f the St Louis
B O N D S — Can. Pac guarantees by endorsement 4 % lnt. on all the bonds to Texas Junction. M o., 162 miles. See V . 63, p. 30.
assenting to a reduction of lnt. to 4 % . (See V . 50, p 784; V 51, n 239 ) dJvi 8l?h .ls t refunding bonds. 54.606.000 were reserved for the retirement
About one-half Minn. & Pac. bonds and practically all other Issues assented
3!v’a v t a r 7 2 tteB bf i y 4 ^ s f ; or«o'a,t ' “ to“ “ a > " p ™ » « ™ s ,rc T S
Abstract of Minneapolis Sault Ste. M arie & AHanHcmJge! In V . 45 p
243. The consol, mortgage ot 1888. abstract V . 47, p 142) was for * 2 1 000,000 on 800 miles (sufficient ot this reserved to retire prior bonds) and for
820.000
per mile on all additions. V . 7 3 . p. 185; V . 78 n 820- V 70 n
1332; V . 8 0 .j ) . 651. As to 2d 4s see V . 6 8 , p. 661), 7 7 1 . 97P7; V 7 1 . p. 645;
*? T o o ^ Iner0 ™iiKansas & OkJabo m aand Texas & Oklahoma bonds, Issued at
^
guaranteed, have been assumed. V . 74 n 1038* V 7 ^
L A ’i’E S T E A R N IN G S .— U 0 0 7 -0 8 ..G r o s s . 58,215,783- net S3 241 848
p. 185, 733; V . 77. D. .252; V . 78, p. 48; V . 79. p. 968
P*
'
’
’
«
. J'Hy 1 to Feb. 29. J1 9 0 6 -0 7 -.Gross, 8,209,165; net
3 636 822
Or
the
1st
and
refunding
4s of 1904 (840.000 000 authnrlypri Imhp ^
R E P O R T .— Report for year ending June 30 1907 was In V . 85, p. 919.
Year
Gross.
Net.
Int., taxes, A c. Equip A c
Bal s'ur
5800 000 8 1 808 686
1006-07 ........ -.5 1 2 .8 9 2 ,0 7 9 55,458.530 52,840,845
u3nI8^ erde^*22°*78^!oOO?1for*futur™putr^c«cSs.a t T h eyeareep a ^ b l e ta^
1 9 0 5 -0 6 ..
.
11,574.462 5.789,902 2,522,216
1 ,0 5 0 ’,000 2 217 686
Dividends of 7 % on preferred call for 8484,687 yearly and of 4 % on com
mon 5554,012 yearly.— (V . 85, p. 722, 793, 9 19, 1577. 1646; V . 86 . p 7 2 F)
e r s ^ e ^ l n ^ ’o e ^ ffe r e d ^ 'e ^ ’gh^to^ubTCrFbe ^ 5 1 0 ^ ( ^ ^ 0 0 Pun’deiwr1tten)
C o p yrig h t
1908
by
W h i t e & K e m b le ,
IVoL- LXXXVIRAILWAY STOCKS AND BONDS.
T
00
f = = ^ F 5 l i sad e
/iiattle/ M ountain
l'AKE-C+TY
/ Park
City
Alta
p Heber
Stockton1
P
»
K c°uo“
’l eePin,
« c 0 tf
sSterlinj
Ft.C ollins
iASka_
^
llastrngs^
^•i?5rv\Teiice
Longm ont,
,
Hoc k^I si an it.
Loups^ity
flru ti/K
UNION JnlP«hnr.
I Great t
Lake
PeorlaJ
KeoknJ
K irks vT)
TE.R-o*B#r
DENVER!
E u rek a
Austin
*v<y gjDillon
Manti
Green Riven
Sevier
Wy%.Niocbe
oRic&ieia
Frisco
SPRINGFI
Oakle'
i
Aamlalia
Moutrosi
Ridgwaj
Ourjj
Vance Jc.!
[lev ille"p
/ Candelaria
^Bloomington
Pioche o
WCPHER?CJN,
J\,a\ce 1
6 city
\
iLa JuntajOICuchard Jc.
s V ^ e 1
-— Li
DODGE cTrY 5W »»B ««*3l
BnckHjilo^------
r - p ™ 0* 1 *
tft POTOSlcWinh
obismarckI V p
sp n s .
A nthony ^
nway
-Lnberal
TriuiiS'
Dural
rSCNewtji-
WRNEpSIt
*?
kinsley- ^ M
s.
S pringfield
' ^ tT s . VXN^BURENcj,
*
o„
pspanoli
srnore'
Texline
K ingfisher
iapulpa.
SANTA t e
T he Needles1
Erescott
l3lrdiuo Aten* 0<
VJc't'j
M agdalena
PHCENIX
M aricopa
A m arilh
♦ ^Atoka
Clifton
Ft.Thom as*
Yuma
Tucson"
iSocorro
Benson j
o Tombstj
W hite/O aks
Kincon /
.Cisco
Dublin
\Colorado
Pecos Cit'
aW ack so i
'>Jh X
San Angelo
lgrille™T^7v!
Tem pi? bp!/,
X lano
Georgetuwt
Round Rut
K errville
^AUSTIN
F landerl
MISSOURI PACIFIC RAILWAY
LOUIS, IKON MT. & SOUTHERN RY
^•Mineolal
HiiTJl
Crispa
M A P OF T H E
^VLel&nd
Albany,
Dem ing
Ciudad Ju:
S r * * * Rf ; M
Pa**Bu«sar
[CAMDEN Vi
Commerce
* £raz(
iierra Blanca
and
inrie
AYashburn
Henrietta"
Globe
Fairbank
r .
X.VELLVIU.E >
Lehigh Sr
^Mentone
lion
leeanside v
X Escondido
\o Foster
’ San Dieg o _
N ational Cy.
POPLAR Bl
homa
Albuquerque
F elto n
[inital
ian M arcos J
ATCHE;
Lufkin
Hattiesburg,
M ^aro
fPAC. JtS.
!*?«**•
Akcturnon t
San A n top it
Yoakum
Eiedras Negras
Kenedy
L eased, Operated & I ndependent L ines
Laredr?
GALVESTON
M eridian
RAILROADS.
F or
[VOL. LXXXV1.
RAILWAY STOCKS AND BONDS.
86
explanation of column headings, &c., see notes
on first page of tables.______________
Minneapolis & St Louis— Common stock............... -Ce
Preferred stock (V 70 . v 1150) 5 % n o n -c u m .-- Ce
First M Merrlam Junction to Albert Lea gold-F .c*
Iow aexten 1st M gold (Alb. Lea. to Ft DodgeJg.Ce.c
Mortgage on Southw exten gold ($12,000 p m) -C e.c
Pacific extension first mortgage gold---------Ce.c
First consolidated M $ 5 ,282,000 gold
Ce.c*&r
First Sc ref M $25,000 ,000 gold ($18,000 p m)
Ce
Gold notes $ 5,000,000 sec by coll red par beg 08-Ce
Minn Dak & Pac 1st M $50 000,000 g red 105.Ce.c* &r
Minn St Paul & S Ste Marie— Com stock $28,000,000
Pref stock 7 % non-cum , to be $ 14,0 0 0 , 0 0 0 .. - - - - -
Minn Sault Ste Marie Sc Atlantic 1st M go ld -.C e.c*
Minneapolis Sc Pacific first m ortgage................. Ce c*
Cons mortgage gold lnt guar (end) see t e x t .--C e .c *
Second mortgage $5,000,000 gold lnt guaranteed.Ce
Car trusts Dec. 1007---------------------------------------------------M l n n e s o t a T r a n s f e r — First m o r t g a g e d 14 000 are 4s) .c
Mississippi Arkansas & W estern— 1st M gold------ AC
Miss Cent— 1st M $ 5,000,000 gold guar red (tex t)-S .c*
Mo & 111 Br & Belt— St C M & St L B .ls t M r e d g .S S t c*
Consolidated mortgage $2,000,000 authorized g o ld ..
Missouri Kansas & Texas— Common Stock...............
Preferred stock 4 % non cumulative--------------------First mortgage gold.............................................................Ce
Second mortgage gold---------- --------------------- -- First extension mortgage gold $ 3 ,2 5 4 ,0 0 0 -------Ce.c*
St Louis Dlv first refunding m ortgage--------------F.c*
Missouri Kansas & Eastern 1st M gold assu m ed..C e
Second mortgage guaranteed being retired.............
Sh Sh & So 1st M ($20,000 p m) gold assumed.Ce.c*
Kansas City Sc Pacific Is M gold assumed-------Ce.c*
M K Sc Okla 1st M $5,468,000 gold assumed. .Ce.c*
Texas Sc Okla 1st M $2,347,000 gold assumed.Ce.c*
First and refunding M $40,000,000 gold (see te x t ).F
General mortgage $20,000 ,000 gold sinking fund N c*
S W C Sc Imp 1st M assumed sinking fd cal) at 125.F
Dallas & W aco 1st M $20,000 p m K-Ce.c*guar P & I
O f which held In treasury Jne 30 1007: b $906.000:
Miles
of
Road.
81
102
53
02
632
495
286
2.263
2.263
Date Size, or
Amount
Par
of
Bonds. Value. Outstanding
1877
1879
1880
1881
1894
1890
1906
1906
1886
1886
1888
1899
1886
1902
1905
1901
1004
1,601
1,601
164
162
162
202
130
277
117
3,043
*67
c $16
1800
1890
1894
1901
1892
1892
1893
1890
1002
1903
1904
1906
1889
1890
4.100
%
$100 C$6,000,000 See text.
100 d4,000,000 5 In 1907
950.000
7 g
500 &c
1.015.000
7 g
1,000
636.000
7 g
1,000
1.382.000
6 g
1,000
5,282,000
5 g
1,000
4 g
1,000 bl0413 ,00 0
5,000,000
5 g
4 g
See text
' ' 'l'ooo
100 See text. See text
100 See text. 7 In 1907
8,204,000
4 g
1,000
4 (5)
306.000
1,000
4 g
1,000
4 g
1,000
1,000
1,000
1,000
1,000
1,000
100
100
500 &c
500 &c
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1 000
1.000
d $39.10
Bonds— Princi-
INTEREST OR DIVIDENDS.
Where Payable, and by
When
Whom.
Payable.
Stocks— Last
Dividend.
Rate
i
i
l
i
4 & 5
5 g
5 g
4A 6
£T
4 g
J
J
J
J
J
A
M
M
F
F
A
A
J
J
J
J
Sc
Sc
Sc
Sc
Sc
Sc
Sc
Sc
Sc
Sc
Sc
Sc
Sc
Sc
Sc
Si
,
J Central Trust Cc>, N Y
do
.
do
J
1927
do
do
D
1909
do
.
do
D
1910
Dec
1
do
do
D
April 1 1921
do
do
O
Nov 1 1934
do
do
N
Mar l 1049
do
do
S
Feb 1 1911
do
do
A
Feb 1 1956
do
do
A
Apr
15 '08 3 %
O Minn office; checks mall a
Apr 15’ 08 3M %
do
do
O
1926
Jan
Bank
of
Montreal,
N
Y
J
1936
Jan
do
do
J
1938
July
do
do
J
1949
Jan
do
do
J
F
J
J
j
J
Sc
Sc
Sc
Sc
Sc
A
J
J
j
J
i 4 In 1907 M Sc
i
4 g
Sc
J
I
4 g
F Sc
M Sc
)
5 g
1
4 g
A Sc
1
5 g
A Sc
A Sc
)
5 g
)
5 g
Sc
J
F Sc
)
4 g
M Sc
I
5 g
M Sc
)
5 g
>
4 g
M Sc
Sc
)
4H g J
)
6
J
Sc
5 g
M Sc
1,340,001 •
1 ich $3.9912,000
1st N at Bk. St Paul,Minn Aug
Amer Tr & Sav Bk, Chic Jan
H arvey, Fisk Sc Sons.N Y July
Jan
Jan
New York
1916
1922
1945
1051
1951
May 9 ’08 2 %
N New York
D Office. 49 W all S t, N Y June 1 1990
June 1 1090
do
A
do
Nov 1 1944
do
do
N
April 1 2001
do
do
O
April 1 1942
do
do
O
April 1 1942
do
do
o
June 1 1943
do
do
D
Aug 1 1990
do
do
A
May 1 1942
do
do
N
Sept I 1043
do
do
S
Sept 1 2004
do
do
s
Jan 1 1036
do
do
J
July 1 1 9 2 9
do
do
J
do
N ov 1 1940
do
N
In treasury June 30 1907.
M ISSOURI PACIFIC (Continued).
O R G A N IZ A T IO N , C E A S E S , Sec.— 1
T he present company was a consoli
dation In August 1880, embracing the Missouri Pacific and minor roads.
Control of the International & Great Northern was secured In 1892.
S T O C K .— The amount outstanding on Dec. 31 1900 was $ 50,432 ,150 ;
this was Increased to $76,402,875 In 1901; In 1902 by $1,4 0 0 ,0 0 0 .
In Jan.
1908 $1,945,450 was Issued as a 2 y % stock dividend
V 85, p. 1646.
D IV S .— V 82 ’ 83 to ’87 '88 ’ 89 ’90 '91 ’ 92 to’00 ’01 ’02 to ’07
1908
P e rc e n ti6 M 7 yearly. 5)4 4
4
3
None. 2 H 3 yearly.Jan.2 H stk
B O N D S .— The consolidated mortgage is for $ 3 0,000 ,000— trustees John F .
Dillon and Edward D . Adams— the balance unissued Is In trust to redeem
prior bonds due If deemed best. Abstract In V . 47, p. 287.
The collateral trust bonds due 1917 (Union Trust Company of New York
trustee) are secured by mortgage bonds of new roads at $12,000 or $15,U00
per mile; these embracing the line from Fort Scott, K a n ., to Pueblo Col.
&c.
For securities pledged, & c., see V . 46, p. 678.
Collateral trust bonds due in 1920, see V . 50, p. 669, 8 74.
The 4s of 1905 ($50,000,000 authorized Issue) are secured by an
equal amount at par of Iron Mountain stock, the deposited stock to be
never less than a majority of the outstanding am ount. The remaining
$ 2 5 , 000,000 Is reserved for extensions, Improvements and betterments.
Compare V . 80, p. 712.
K A N S A S & C O L O R A D O P A C IF IC R Y .—-(See M ap.) — The first refunding
mortgage 6 % gold bonds secured by mortgage, limited to $50,0 0 0 ,0 0 0 , to
be Issued as follows:
$19 656,000 to reimburse the Missouri Pacific R y . for advances. Of this
N et, earn., Inc. oth.inc.*$8.685,649 •$6,153,635 •$5,528,556 $5,085,608
$3,316,172
’
amount $12,000,000 are deposited with the Equitable Trust
$3,864,718
$4,041,043
Interest on bonds_______ $4,524,839
703,068
Co. of New York, as trustee, for the $6,000,000 Missouri Pacific
396,647
459,505
Rentals, &c.........................
478,499 _____________
2-year collateral trust convertible 6 % gold notes, due Feb. 10
1910. These notes are convertible into K .
C. P. refunding
Dividend on preferred.,(4 % )5 2 0 ,0 0 0 (J % )2 80,0 00
$1,267,191
$1,066,368
bonds at par.
A large am ount has already been converted.
Balance. surplus________ $3,162,311
$1,393,087
23 532,000 to retire underlying bonds of constituent companies at present
•$177,140 in 1907, $409,035 In 1906, $425,181 In 1905, $316,723 In 1904
held by the trustee of Missouri Pacific R y. collateral trust 5s
O F F IC E R S .— Pres., Adrian H. Jollne, New York: V .-P . and Gen. Mgr..
of 1017 and 1920.
A . A . Allen, St. Louis; V .-P . and T rcas., C. G. Hedge, New York; V .- P .,
6 812,000 reserved for the purpose of constructing or acquiring extension
C. Halle, St. Louis: Sec., O. N . W hitehead, 49 W all St.
or branches or for Improvement of the present property.
Directors— Adrian H. Jollne, Henry W . Poor, Chas. G. Hedge, James
The first refunding bonds are secured by a mortgage that Is a direct lien
Brown Potter, James N . W allace, J. G. Metcalfe, New York; Myron T .
on the 1 ,450 miles of railroad shown on the adjoining map, which constitute
Herrick, Cleveland, O .; A . A . Allen, C. Halle James Hagerman and R . W .
an important part of the Missouri Pacific system , subject to prior liens at
Maguire. St. Louis, M o.; B P. M cDonald, Alfred J. Poor, E . B. Stevens
the rate of $15,544 per mile, for the relundlng of which provision Is made
Kansas; H . J. De Marez Oyens, Amsterdam Holland; and Alfred W .
under the mortgage. The authorized Issue is limited to $30,000 per mile,
Smlthers of London, E n g.— (V . 85, p. 735; V . 86, p. 52, 421.)
including said prior liens. They are additionally secured by the endorse
M ISSO U RI & NORTH A R K A N S A S R R.— Operates from Joplin, M o., to
ment of the guaranty of the Missouri Pacific of both the principal and lnLeslie. A r k ., 182 H miles, of which Neosho. M o., to Joplin, 19 miles, and
Sellgm an, A r k ., to W oodruff, 9 miles, are trackage.
Extension from Les
The Kansas & Colorado Pacific R y. was organized In 1889 by the consoli
lie to Helena, A rk ., 179 miles, Is to be completed by the end of 1908.
V . 86,
dation of the various corporations owning the railroads that connect as
p. 168.
Successor, per plan V . 82, p. 569, 1269; V . 83, p. 39, of the St.
shown by the map, the Missouri Pacific R y ., the St. Louis Iron Mountain &
Louis Sc Nor. A rk ., foreclosed May 29 1906.
Southern R y. and the W abash R R ., with the Denver
Rio Grande R R .,
Stock authorized. $25,000 per mile. In Aug. 1906 a mortgage was filed and through that system , via the Western Pacific R R ., will form part of
to secure an Issue of $11,500,000 50-year 4 % gold bonds (St. Louls-Unlon
the through line from Pittsburgh, P a ., and Chicago, III., to San Francisco,
Trust C o., trustee) Issuable at $25,000 per mile.
Entire stock and bonds Cal. V . 86, p. 229. 286.
are pledged to secure $6,000,000 5-year 5 % gold notes of the Allegheny
G E N E R A L F IN A N C E S .— The company on June 30 1907 owned $ 2 ,
Improvement C o., due Oct. 1 1911. but redeemable on any Interest day;
000 000 Wabash R R . pref. stock and the St. Louis & Iron M tn. $9,326,200
Interest payable A . Sc O. at St. Louis Union Trust C o., trustee V 85 p. 09
pref
and $2 826,200 com. stock and $3,913,200 1st ref. and extension bonds.
O f the Allegh. Imprt. notes, $1,123,000 are deposited as collateral under
the $900,000 John Scullln collateral trust 6 % 3)S-year gold notes due Oct. 1 See Wabash R R . The Gould interests are also back of the Western Pacific
Ry
building between Salt Lake City and San Francisco. See V . 80, p.
1730; V . 79, p. 1023.
10For year ending June 30 1907 (128 y, m iles), gross, $323,563; net, $53,657;
E A R N IN G S .— 7 m o s../1 9 0 7 -0 8 ____ Gross, $28,431,188; net, $7,329,831
o th e rln c., $3,190; taxes, $13,268; b a l.,s u r ., $43,579. Chairman of Board.
July 1 to Jan. 31.
11906-07____ Gross, 28,539,254; net, 9 ,310,838
D . R. Francis; Pres., John Scullln.— (V . 86, p. 168, 857.)
M ISSO U RI O K L A H O M A & GULF R Y .— (See M a p .)— Owns and oper
A N N U A L R E P O R T .— Fiscal year changed to end June 30.
Report for
year
ending
June
30
1907
In V . 85, p. 1139, 1147; ed it., p. 1115.
Annual
ates 95.3 miles of main track and 11.4 miles of sidings extending from W a g
Report of earns, of Missouri I acltlc
oner to Rose, O kla., via Muskogee and Henryctta. Coal branch 5 miles In meeting Is held at St. Louis In March.
system have been as below. “ Other Income” In 1906-07 Includes: ln t. on
length In Henryetta coal field at Henryetta.
Extension under construc
T ex. & Pac. 2d m tge. Incomes, $ 1,183,400; W abash 1st ref.
ext. m tg e .,
tion already surveyed and right of way secured from present southern termi
$156 528; Pac. ExpressC o ., $144,000; Cent. Br. R y ., $151,700; Den. & Rio
nus at Rose to Denison and Sherman, Tex.
Main line 70-lb. steel rail; sid
Gr $365,000; coal cos., $409,083; St. L. Watkins
Gulf, $197,228, &c.
ings, 60-lb . steel rail— operated Independently. Owns 2 steel girder
------------Years
ending
June
30-------------bridges over Verdigris and Arkansas rivers, which are used as toll bridges.
1906-07.
1905-06.
1004-05.
Extensive terminal property at city of Muskogee.
■ y v -^ Miles
operated,
average...............
...........
6,375
6,276
6,205
S T O C K .— Authorized, $10,000 ,000 ; outstanding, $ 2,675,000; par, $100,
T otal earnings-_____ - __________ ______ $48,703,343 $44,566,821 $41,067,282
B O N D S secured by absolute 1st m tge. on entire property now owned
N et earnings
..........
- 16,188,272 14,284,416
13,035,390
or hereafter acquired, limited to $25,000 per m ile, to be Issued upon com
other Income' & c_________
3,283,283
3,558,911
3,037,882
pletion of 5-mlle sections.
Bonds arc subject to call at 107 and Interest
after N ov. 1 1909 on six m onths’ notice.
Total net Income_____ ______________ $19,471,555 $17,843,327 $16,073,273
O F F IC E R S .— Pres., W m . Keneficlc, Kansas C ity, M o.: Vice-Pres, and
Interest and rentals................
$9,060,875
$8,936,792 $8,191,083
Treas., W . P. Dewar; Sec., E. R . Jones. General offices, Muskogee, Okla.
Taxes
1,483,949
1,457.924
1,388,344
Sundry'accounts--------------1,228,628
1,119,596
1.060,768
— (V . 81 , p. 1849.)
Dividends_____________________ _
(5 % ) 3,890,875 (7 H ) 5,836,305 (5) 3 ,890,867
(I) M ISSO U RI PACIFIC R Y .— (See Map.)— Operates an Important sys
tern extending westerly and southwesterly from St. Louis, M o., Including
Balance, s u r p l u s - -- .......... - ........... .........$3,807,228
$492,710 $1,541,310
main lines from St. Louis to O m aha, N eb.. 494 ni., and from Kan. City to
Pres George J. Gould; Sec. and Treas., A. H. Calef, 195 B ’ w ay, N. Y .
Pueblo. C ol., 624 m ., with many branches In Kansas, &c. Through the St.
Directors— George J. Gould, Stuyvesant Fish, Edwin Gould, Samuel
Louis Iron M t. Sc Southern, which It controls, connection Is had with Texas
sinan J J. Slocum, Howard Gould, Fred. T . Gates, Frank J. Gould and
and the lines of the Tex.
Pac., Internat. & G t. Northern and the S t. Louis
lam es H Sm ith, New York; Charles S. Clarke, O. L. Garrison, W . K .
Southwestern, the whole forming what Is known as the "G o u ld S y stem .’
B lx b y .S t. Louis, M o.; S. Davies Warfield, Baltimore.— (V . 86, p. 480.)
owned and controlled.
M iles. I Leased lines, &c. (Con.)
Miles
(2) M I S S O U R I P A C I F I C S Y S T E M — S T . L O U I S I R O N M O U N T A I N &
St- Louis to O m aha..................................... 494 Other lin es.
39
Other main lin e ................................ 975 Trackage to S t. Joseph.
& o .. 21 S O U T H E R N R Y . — (See M a p .)— Owns S t. Louis to Texarkana, T e x ., Lino,
490 miles: branches to Belmont, M o., Bird’s P t., Mo. (Cairo), Camden,
Branches owned-------------------------1,919
Ark , Helena, A r k ., Cushman, A r k ., Arkansas City, A rk ., W arren, A rk .,
Boonvnfe S t ? L .
S o u th ern .. _
4 4 1 T o t.M o.P ac. and branch lln e s .3 ,492
Also owns all capital stock of Central Branch Union Pacific, See., 388
miles- St I ouls Iron Mountain Sc Southern and leased lines, 2,594 miles
owned Julv 1 1907, 2,286 miles.
Leases Little Rock Junction R R: Kansas
Grand total Missouri Pacific mileage July 30 1907, 6,474 miles.
& Ark. Valley R R . (acquired March 1906); St. Louis Southwestern R y.
Early In 1901 a large Interest was acquired In the Denver & Rio Grande
and
miscellaneous,
307
miles.
Total
operated July 1 1907, 2,594 miles.
RR
and so In the Rio Grande Western R y .. extending the system as far
Holders of $23,668 000 of the $24,984,756 Texas * Pacific seconds aswest’ as Ogden Utah. The Gould and Rockefeller holdings In the Denver
Sc. Rio Grande’ are together understood to constitute a large majority of changed their bonds for 6 5 % In new Iron Mountain gold 4s. See “ Bonds”
below, also V . 68. D. 329, 380, 474, 520, 572, 619, 774.
entire capital stock. See also "General Finances.
M ISSO U RI K A N SA S & T E X A S R Y . (Concluded).
at $875 per $1,000 bond, $4,000,000 equip, trusts being retired out of pro
ceeds.
V . 82, p. 218, 334, 692; V . 84, p. 1551; V . 85, p. 346, 654.)
As to M . K . & T . of Texas "fir s t extension and general mortgage for
$ 2 5 ,0 0 0 ,0 0 0 , contemplated In 1906. see V . 83. p. 435, 562; V . 82, p. 1269.
G U A R A N T I E S .— The Boonville Bridge 4s are guaranteed, principal and
Interest, and also as to sinking fund beginning 1911. V . 73, p. 494.
The M
K & T . of Texas mortgage secures $10,000,000 of bonds at
$20 000 per mile for extensions In Texas. They are guaranteed principal
and Interest. See above, and guaranty V . 56, p. 604.
The Southwestern Coal & Improvement Co. s bonds are guaranteed. M ort
gage ($1 000.000) covers the coal on 51,000 acres In Indian Territory, and
the com pany also owns 2,350 acres additional, the Denison Sc W ashita R y ..
20 m iles, mines In active operation, &c.
L A T E S T E A R N IN G S .— For 8 months ending Feb. 29:
S'M onths—
Gross.
Net.
Oth. inc. Charges.
Bat., surp.
$275,811
$4,338,543 $1,565,268
1907-08 ____ $16,761 ,762 $5,618,000
190 6 -0 7 ______ 17.605,686
6,821,689
118,094
3,907,901
3,031,882
A N N U A L R E P O R T .— Annual meeting first Thursday after first Monday
In’ Aprll.
Report 1906-07 was given at length In V . 85, p. 7 16, 7 35, 687.
Year ending June 30—
1907.
1906.
1905.
*904.
Average miles operated3,072
3,043
3,043
2 A^,8 «r>K
Gross e a rn in g s.,...............$26,183,950 $21,159,145 $20,041,095 $17,766,595
Oper. exp. and taxes
17,675,450
15,414,545
14,937,720
12,997,710
Sc
Sc
Sc
Sc
Sc
-
Lines
[VOL. LXXXVI.
RAILWAY STOCKS AND BONDS.
88
RAILROADS.
Bonds— P r in c i
When D u e .
Stocks—Last
Dividend.
INTEREST OR DIVIDENDS.
Date
of
of
Road. Bonds.
M ile s
For explanation of column headings, Ac., see notes
on first page of tables.
or
Amount
Par
Value. Outstanding
S iz e ,
Missouri Kansas & Texas— (C o n clu d e d )
1,0 0 0
1892
M K A T o f T e x a s 1st M $20 ,0 0 0 p r a .C e .c * [G u a r pr
1,0 0 0
1901
B oon vlU o B rid ge 1st M g o ld sin k f d -C e .c* J & ln te r.
1906
M lssou ri & No A rk— A lle g h e n y I m p t n o te s , g . r e d . . . .
1904
M o O kla & G ulf R y — 1st M $1 0 ,0 0 0 ,0 0 0 g red tcx tS S c*
100 &c
100
Missouri Pacific — S t o c k ($ 1 0 0 ,0 0 0 ,0 0 0 a u t h o r i z e d ) ..
1,0 0 0
283 1868
P a cific B B o f M o 1st M e x te n d e d In 1888 g o l d .. M e
283
S e c o n d M e x t In 1891 In g o ld S t L t o K O -------c*
1,0 0 0
1871
1872
F irst M S t L ou is real esta te e x t In 1892 g o l d ------500 &c
F irst M C a ron d elet B r g o ld gu a r p& l (end) e x t ’ 93
"1 3 1873
500
T h ir d M e x t In 1906, red 1 0 5 (V 8 3 .p :4 9 2 ,1 3 4 8 _ C c
296 1876
1,0 0 0
55 1880
M issouri P a c 1st M L e x in g to n t o S e d a lla , M o , g o ld
500 &c
1,076 1880
C o n s o lid a te d m o r tg a g e $ 3 0 ,0 0 0 ,0 0 0 g o l d _______c*
1,0 0 0
1,0 0 0
G o ld c olla tera l t r u s t — ................................— U n .c ’ &r 1 ,1 2 0 1887
1,0 0 0
F irst ooll M b o n d s fo r $1 0 ,0 0 0 ,0 0 0 g o l d _______ M e.c*
671 1890
1905
M o r tg a g e $ 5 0 ,0 0 0 ,0 0 0 g o ld red at 102 Vi___ M e .c '& r
500 &c
*52 1880
1,0 0 0
L e r & C a n ey V a l 1st M g o ld gu a r (V 7 0 , p 1 0 9 5 ) . . c*
1,0 0 0
81 1886
V e rd ig ris V a l In d e p e n d e n ce & W 1st M g o ld gu ar
E O $ N W 1st M p ref “ A ” g o ld lnt rent red 1 0 5 .Me
1894
500 &c
C oll c o n v g o ld n otes $ 6 ,0 0 0 ,0 0 0 red 101____ E q .x c *
1,0 0 0
1908
K a n sas & C ol P a c 1st ref M g o ld gu p & 1— G .xc* &r
1908 1.000 &c
1,000
1902
E q u ip A ss n o b lig a tio n s $20 3,00 0 p a y S ep t 1 y e a rly
1,000
do
do
Ser B g o ld $97 ,000 d u e M ar 1 yea rly
1903
do
do
Ser C , g o ld $28 2,00 0 Ju n e 1 y e a rly .M e
1,000
1903
1,000
do
do
Ser D t o F , g o ld $103,000 D e c 1 yea rly
1903
1.0 0 0
do
do
Ser G & H .g o ld $ 1 4 3 ,0 0 0 y e a r ly _______
190 5-6
do
do
g o ld $77 ,000 D e c 1 y e a r l y ______ M e .r
1907 1.000 &c
1,000
1906
M o P a c eq u ip b on d s g o ld $33 5,00 0 M a y 1 y r ly K c* & r
Mo P ac S y stem — St L ouis Iron Mt & Southern R y —
1,0 0 0
1.538 '81 - ’ 87
G en c o n & 1 gr M ($ 4 5 ,0 0 0 ,0 0 0 ) g ________ Me c*
1,0 0 0
do do
g o ld s ta m p e d gu a ra n te e d p & l . . c * 1.538
1,0 0 0
U n ify in g & refu n d in g M g o ld $ 4 0 ,0 0 0 ,0 0 0 .M p .c * 1.538 1899
735 1903 1.000 &c
R iv e r & G D lv s 1st M $5 0 ,0 0 0 ,0 0 0 g o ld .M e .c * & r
'95 - ’ 03
Oar trusts K t o M , d u e J u n e , S e p t & D e c y e a r ly . .
1,0 0 0
1903
Oar trusts Ser N t o P $355,000 or $35 7,00 0 y e a rly
1,0 0 0
1 9 0 5 -6
Car tru sts, Ser R to V , a b o u t $ 4 0 6,00 0 y e a r ly ____
1,0 0 0
1907
do
do
g o ld $366,000 y e a r ly _______ M e.c& r
1,0 0 0
1891
L ittle R o c k J u n ct 1st M gu a r p & 1 b y Ir M t . . Me c*
1,0 0 0
1903
P in e B lu ff & W est 1st M g u p & 1 red 10 years 105
M O . P A C . S Y S T E M — S T .L O U IS IR O N AIT. & S O U T H E R N (C o n c lu d e d .
A co n tin u o u s lo w -g ra d e line fro m S t. L o u is t o N ew O rleans b y c o n n e c tio n
w ith the T e x . & P a c. R y . at C la y to n , L a ., w as c o m p le te d late In 1907.
B ran ch from S p rin gfield , M o ., to C ran e, 34 m ile s, w as o p e n e d M ay 1907,
a n d Is to be e x te n d e d n orth t o B a g n e ll, a b o u t 100 m iles.
E x te n sio n from
E u d o r a , A r k ., sou th to C a lv lt, 37 m .. w as o p e n e d D e c. 1 90 7, an d fro m
G u r d o n , A r k ., to W o m b le , 60 m ., In J a n . 1908.
.
S T O C K .— S to c k a u th o r iz e d , $ 1 3 0 ,0 0 0 ,0 0 0 ; o u ts ta n d in g $ 4 4 ,3 9 6 ,5 7 3 , o f
w h ich $ 4 4 ,3 3 6 ,6 0 0 D e c. 1 1907 o w n e d b y M issouri P a cific. See b e lo w .
D I V I D E N D .— In 1899, 2 % ; 1900. 6: '0 1 . 6: ’ 02 t o '0 4 , 10 y ’rly ; 1905, 7;
fiscal y e a r 190 5-0 6, 14 % ; 190 6-0 7, 10 % . V . 85. p . 222.
B O N D S .— G eneral c o n s o l, m tg e . Is fo r $ 4 5 ,0 0 0 ,0 0 0 , N os. 11,001 t o 18,000
In clu sive are en dorsed w ith th e M issouri P a cific 's g u a r a n ty o f prin cipa l and
Interest; fo rm o f g u a r a n ty w as In V . 5 6 , p . 650; th e y are a first Hen o n 1 ,538
m iles. (V . 68. p. 8 5 , 23 3 , 520: V . 7 8 , D. 704 , 1224.)
T h e g o ld 4s o f 1899 (first Issue $30 ,0 0 0 ,0 0 0 ) m a y b e Increased n o t o v e r
$ 1 0 ,0 0 0 ,0 0 0 , at $12,000 per m ile , fo r c o n s tr u c tio n or a c q u is itio n an d e q u ip
m en t o f b ran ch es an d ex ten sio n s. T h e y are secu red b y a Hen (s u b je c t o n ly
t o th e general con sols o n a ll th e ra ilro a d s, term in als an d e a u lp m e n t o f the
c o m p a n y ow n ed at th e tim e o f th e m ak in g th e r e o f an d also a first a n d o n ly
Hen on all s tock s and b on d s fo rm e r ly e m b r a c e d In th e tru st o f th e g o ld fu n d
ing n o te Inden tu re, all leased a n d b ra n ch lin es, o r th eir b o n d s an d sto ck s
a cq u ire d b y the lo a n , a n d $2 3 ,6 6 8 ,0 0 0 T e x a s & P a cific s e c o n d s , futu re e x t e n
sio n s , & c. ( V . 6 8 , p . 619: V . 7 0 , p .9 9 7 ; V . 7 4 , p . 206; V - 7 8 , p . 704, 1224.)
T h e R iv e r & G u lf D ivisio n s 4s o f 1903 (presen t Issue $ 2 0 ,000 ,00 0) w ill be
secu red b y a 1st lien on 677 m iles o f ro a d bu ilt or und er c o n s tru ctio n (see
a b ov e) and on term in al p r o p e r ty a t S t. L o u is , E a st S t. L ou is, Cairo and
T h e b e s , an d 8,0 0 0 a cres o f co a l la n d s In Illin o is, a n d d e p o sit o f th e b o n d s o f
th e U n ion R y . o f M em phis.
A d d itio n a l b o n d s m a y b e Issued u p t o a to ta l
o f $ 5 0 ,0 0 0 ,0 0 0 a t n o t o v e r $30 ,000 p er m ile o f m ain line fo r new co n s tr u c
t io n an d $15 ,000 per m ile o f se co n d tra ck an d b ra n ch e s, b u t n ot e x c e e d
ing th e a c tu a l c o s t , an d for a d d itio n a l te rm in a ls, e q u ip m e n t, d o u b le tra ck s,
&c
V 7 6 . d . 543 , 60 0 , 1085; V . 7 7 , p . 1875, an d a p p lic a tio n t o list,
V 77 p 2036, 2049; see also V . 80, p . 2459; V . 85, p. 222; V . 86, p . 230.
'P in e B lu ff & W es tern g u a ra n te e d 5s o f 1903 (A m e rica n Cen tral T ru s t C o.
o f S t. L o u is , t r u s t e e ), see V . 7 8 . p. 103; fo r m , V . 7 8 , p. 769.
E A R N I N G S .— F o r 3 m o s. e n d in g S e p t. 30 1907, gross, $ 6 ,280,115 : n e t,
$1 850 867; o t h . In com e, $ 45 2,27 6; c h g s ., $ 1 ,4 6 6 ,8 8 6 ; b a l., su r., $83 6,25 7.
R E P O R T .— R e p o r t fo r 1906-07 In V . 85, p . 1139, 1147, sh o w e d :
— Y e a r s e n d . J u n e 30—
Y e a r end.
1907.
1906.
D e c . 31 '0 4.
M iles o p e r a te d en d o f y e a r ----------------2,594
2,459
2,356
G ross e a r n in g s ............................................$ 23 ,987 ,02 0 $ 2 1 ,209 ,77 7 $10 ,788 ,82 9
N et e a r n in g s -............................................ 8,9 2 4 .6 4 6
7 ,8 7 8 ,9 6 0
6 ,9 8 8 ,1 0 0
O th er r e c e ip ts ______- __________________
1 ,918,765
1 ,710,439
1,4 9 3 ,9 2 3
T o t a l net I n c o m e ...................... - ........... - . 10,843,411
9,5 8 0 ,3 9 9
8 ,482,023
In terest o n b o n d s _____________________
4,452,571
4 314 ,517
3 ,9 6 3 ,6 8 8
T a x e s , b rid g e e x p ., ren ta ls, & c --------1,3 1 6 ,4 7 8
1 ,145,110
1 ,197,365
D iv id e n d s ............................................... (1 0 )4 ,4 3 8 .9 0 2 (1 4 )4 ,1 1 4 ,5 8 8 (1 0 )2 ,5 7 8 ,8 3 1
Rate
%
When
Payable.
p a l,
Where Payable, and by
Whom.
O ffic e , 49 W all S t, N Y
5 g
do
do
4 g
5 g
5 g
& N N ew Y o r k & St L ou is
2.6 7 5 .0 0 0
&
J 195 B r o a d w a y ,N e w Y o r k
7 9 ,7 6 4 ,2 2 5 See te x t
M erca n tile T r u s t C o , N Y
&
7 ,0 0 0 ,0 0 0
4 g
do
do
5 g
&
2 .5 7 3 .0 0 0
do
do
5 g
&
800 ,000
do
do
&
237 ,500
4H g
do
do
4
3 .8 2 8 .0 0 0
&
do
&
do
650 .000
5 g
do
do
&
14.9 0 4 .0 0 0
6 g
do
do
5 g
&
14.3 7 6 .0 0 0
do
&
do
9 .6 3 6 .0 0 0
5 g
do
do
4 g
&
2 5 ,0 0 0 ,0 0 0
do
&
do
520 .000
5 g
do
&
do
806 .000
5 g
do
&
do
5 g
1,026 000
F & A 10 E q u ita b le T ru s t C o , N Y
6 g
See t e x t
F & A
6 g
See te x t
Q— M
do
do
5 g
1 .015.000
Q— M
do
do
388.000
5 g
Q— M
do
do
1 .6 9 2 .0 0 0
KS
do
Q— M
do
5
g
666.000
Q— M
do
do
1.1 4 4 .0 0 0
5 g
Q— M
do
do
693 .000
5 gr
M & N K n ic k e r b o c k e r T r C o ,N Y
3.0 1 5 .0 0 0
5 g
4 .5 0 5 .0 0 0
1 000,000
6 , 000,000
3 7 .2 2 8 .0 0 0
6 .0 7 4 .0 0 0
30.4 6 9 .0 0 0
29.5 5 3 .0 0 0
1 .085.000
1.805.000
2.9 5 3 .0 0 0
3 .6 6 0 .0 0 0
435 .000
880 .000
5
5
4
4
5
5
5
5
6
g
g
g
g
g
5 g
S e p t 1 1942
N o v 1 1951
O ct 1 1911
N o v 1 1944
Jan 30 ’ 08 2 U %
A u g 1 1938
1938
J u ly
1938
M ay
1938
O ct
1938
J u ly
1920
Aug
1920
N ov
1917
Jan
1920
Aug
1946
Mar
1926
J u ly
1926
M ar
1933
Jan
F e b 10 1910
F eb 1 1938
S e p t 1908-1911
T o M ar 1 191*
T o Ju n e 1913
T o D e c 1914
T o Ju n e 1016
T o D e c 1916
M ay ’0 9 -’ 17
[April 1 1931
do
do
A
&
A p ril 1 1031
do
do
A
&
(July 1 1929
do
do
J
&
M ay 1 1933
do
do
M & N
T o D e c 1912
do
do
Q u arter
T o w n se n d W h e le n & Co T o Ju n e 1913
Q— M
T o Ju n e 1914
do
do
Q— M
Q — M M erc T r C o , N Y & P h lla T o Ju n e 1917
A & O M erca n tile T ru s t C o , N Y A p ril 1 1916
1 1923
lA
&
O N ew Y o r k a n d S t L ou is O ct
O F F I C E R S .— P re s., L . S. B e rg , 49 W a ll S t ., N . Y . ; S e c. a n d T r e a s .,
G eo. W . C rary, M o b ile , A la .
D ir e c to rs .— L . S. B erg, W . D . S tr a tto n , A le x a n d e r M c D o n a ld , J o h n W .
S im p s o n , B ra y to n Ives, G eo. R . S h e ld o n , A . P . W a lk e r an d H . 0 . S n y d e r ,
N ew Y o r k C ity: W a lla ce B . R o g e rs , L a u rel, M iss.— (V . 86, p. 52, 480 .)
M O B IL E & O H IO R R ___(See M a p So. Ry.)— O w ns fro m M o b ile , A la ., t o
C o lu m b u s , K y ., 472 m iles, p ro p rie ta ry lin e, K e n tu c k y & T en n essee R R . t o
E ast C a iro , 2 1 m .; bran ch es t o C o lu m b u s, M ls s .,& c ., 34 m .; C o lu m b u s, M iss.,
t o M o n tg o m e r y , A la ., 167 m .; M o b ile & B a y S h o re B ra n ch , 38 m .; w ith W a r
rio r B ran ch , 9 m .; W arrior Sou th ern R y . (all s to ck an d b o n d s o w n e d ),
S e a r c y , A la ., to K elle rm a n , 14 m .; B lo c to n B ra n ch , 12 m .; total o w n e d , 767
m .; S t. L ou is & Cairo (lea sed ), C airo to S t. L o u is, 152 m .; w ith bra n ch t o
M lllsta dt, 7 m .; to ta l Jun e 30 1907, 026 m iles.
O p erated In d e p e n d e n tly .
In 1907 th e S ou th ern R y . had a cq u ire d $ 8 ,0 9 7 ,0 0 0 o f th e $ 9 ,4 7 2 ,0 0 0 gen .
4s and $5,6 7 0 ,2 0 0 o f th e .$6,0 7 0 ,6 0 0 s t o c k : Issuing, d o lla r fo r d o lla r. Its co ll,
tru st 4 % g o ld b o n d s In e x ch a n g e fo r th e M. & O . gen 4 s , secu red b y a p led g e
o f the la tter an d also s to c k trust certifica tes fo r s t o c k , d iv id e n d s b ein g p a y a
ble ( A . & O .) at 4 % In p e r p e tu ity th e re a fte r.
D I V I D E N D S .— 1898 1 % ; 1003, 2; Ju n e 1904. 2 % - 1905 6 % ; 1 90 6,
Ju n e. 3 % ; D e c ., 2 Vi % ; 1907, 5 % (J & D ) . See p a ra gra p h a b o v e .
S T O C K .— S to c k a u th o riz e d , $ 1 0 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , $ 6 ,0 7 0 ,6 0 0 ; p a r ,
$100. T h e v o tin g p o w e r o n $ 4 ,9 8 4 ,2 0 0 o f th e s to c k Is e x e rcise d b y th e g e n .
m tg e . bo n d h o ld e rs b y virtu e o f d e p o sit o f o ld d eben tu res o f 1879.
B O N D S .— U nder th e g e n e r a l m o r t g a g e o f 1888 there c a n be n o fo re c lo s u r e
till fo u r c o u p o n s are In d e fa u lt. M o rtg a g e a b s tr a c t, V . 4 7 , p. 83. V . 6 0 ,
p . 06 7 .
In terest o n $4,0 0 0 ,0 0 0 S t. L o u is & C airo 4s Is g u a ra n te e d . A s to
iMont. D lv. 1st 5s, see a p p lic a tio n V . 66, p . 1045. T h e 5 % e q u ip m e n t n o te s
d a te d O ct. 1 1907 are gu aran teed b y A m . Car & F d y . C o.
V . 84. p. 996.
O f th e $ 2 ,5 0 0 ,0 0 0 co lla te ra l tru st 4 s o f 190 0, $ 2 ,1 6 7 ,0 0 0 w ere Issuable 1b
e x ch a n g e fo r th e $6,5 0 0 ,0 0 0 S t. L ou is & C airo s t o c k . S ee V . 7 0 , p . 632 . In
1907 $ 6 ,4 9 5 ,0 0 0 s to c k had been e x ch a n g e d .
T h e $600,000 1st m tg e . 5 % g o ld n o te s o f 1908 are secu red b y $603,000
first 4s (to ta l Issue) o f W a rrio r S ou th ern R y . b o n d s, $14 5,49 3 e q u ip , trust
n o te s a n d real estate In M obile a n d B irm in g h a m , A la . V . 86, p . 603 .
j
D ate—
O u t st a n d in g .
R a te .
M atu re
in
In s t a llm e n t s .
5
" A ” an d “ B ” . .................. $1,0 0 0 ,0 0 0
T o 1919
A . C , F , 190 1-0 6________
813 ,910 4 to 5 T o 1909
M ch . 0 8 -M ch . ’ l l ,
“ C ,” 19 0 4 .......... - ..............
712 ,0 0 0
5
Jan . ’ 0 8 -J u ly ’ 15,
“ D ,” 19 0 5 ...........................
505 ,000
4
732 ,0 0 0
4 Vi Sep ’0 8 -M ch . ’ 16,
“ E , ” 1 9 0 6 ______________
O ct. ’ 0 8 -O ct. ’ 14,
1907 g u a r a n te e d ------------ 1 ,205,000
5
J o in t e q u ip , n o te s, 1 9 0 2 .
95,0 0 0
4
T o Ju n e 15 1012
T o 1909
B a ldw in L o e o m . W o r k s .
226,448
5
E A R N I N G S .— 8 m o s .. f 1 9 0 7 -0 8 ..-G r o s s , $ 6 ,7 8 5 ,5 1 3 ; n e t,
J u ly 1 to F eb . 29.
U 0 0 6 - 0 7 ._ -G r o s s ,
6,89 4 ,9 4 8 ; n e t,
R E P O R T .— R e p o r t fo r 1906-07 In V . 8 5 , p . 1336.
1005.
1906.
Y e a r e n a i n g J u n e 30—■
1907.
026
926
926
M iles o p e r a t e d _____
$8,267,601
$0,4 4 5 ,9 2 7
T o ta l gross e a rn in g s_$ 1 0 ,759 ,51 0
2 ,616.716
2 .900,493
N et e a r n in g s .........
3,1 1 6 ,4 3 2
2,7 4 4 ,0 5 2
3,0 2 5 ,3 0 3
N e t, ln cl. o th e r In c o m e .
3 ,239,862
1 ,754,725
1,815,485
In te re st an d re n ta ls____
1 ,905,960
p a r t s-a
$34 ,000 s-a
$46 ,0 0 0 s-a
P a rt s-a
$1,7 0 0 ,7 5 0
2 ,144,893
1904.
912
$ 7 ,739,706
2 ,339,796
2 ,462,826
1,677,587
.
B a la n ce fo r y e a r ....................................... su r.$ 6 3 5 ,3 7 0 -sur.$15,184 su r.$ 7 4 2 ,1 3 9
— (V . 84, p . 627, 1053, 1368* V . 85, p. 222, 531; V . 80, p . 230, 422.)
M IS S O U R I R I V E R & N O R T H W E S T E R N R Y .— See page 170.
B a la n c e , s u r p l u s $ 1 ,3 3 3 ,8 9 3
$ 1 ,2 0 0 ,8 1 8
$ 9 8 0 ,3 2 7
$ 7 8 5 ,2 3 9
M O B IL E & B IRM 1 N G H AM R R .— ( S e e M a p . S o u t h e r n R y . ) — M o b ile t o
D iv i d e n d s p a i d .... ( 5 ) $ 3 0 1 ,0 3 0
( 5 ) $ 3 0 1 , 0 3 0 ( 4 )$ 2 4 2 ,8 2 4 ( 2 )$ 1 2 1 ,4 1 2
M a rlon J o t ., A la ., w ith b ra n ch e s; 150 m iles. L eased t o S ou th ern R y .
E q u ip . & new c o n s t r u e .
612 ,6 5 3
7 1 6 ,1 2 8
581 ,233
4 5 1 ,700
fro m M oh. 1 1899 fo r 99 y e a r s , th e la tte r agreeing t o m eet th e Interest o n
b o n d s a n d t o gu a ra n tee a d iv id e n d o n th e $90 0,00 0 p re f. s to c k o f 1 % fo r
S u r p l u s ................
$ 4 2 0 ,2 0 9
$ 1 0 2 ,6 6 0
$ 1 6 5 ,2 7 0
$ 2 1 2 ,0 2 7
first y e a r , 2 % fo r se c o n d y e a r an d 3 % fo r th ird y e a r , a n d 4 % fo r th e fo u r th
— ( V . 8 4 , p . 5 2 , 9 9 6 ; V . 8 5 . p . 1 0 8 3 , 1 3 3 6 ; V . 8 6 , p . 6 0 3 .)
y e a r a n d th e re a fte r. T h e $9 0 0 ,0 0 0 c o m m o n s t o c k Is o w n e d b y S o u th e rn R y .,
a n d th e v o t in g p ow er o n th e p re f. Irre v o ca b ly assigned t o S o u th e rn R y . d u r
M O H A W K & M A L O N E R R .— (See M aps N . Y . Central.) — O w n* f r o *
in g lease: V . 6 8 . p . 4 2 9 , 1134; V . 69. p. 391; V . 7 1 . p . 101 3.— (V . 7 2 , p.137.)
H e rk im e r, N . Y . , t o M alo n e , w ith b ra n ch e s , 182 m iles In all.
H I S T O R Y , L E A S E , & c.— N ew Y o r k C entral o w n s th e $5,0 0 0 ,0 0 0
M O B IL E JA C K S O N & K A N S A S C IT Y R R .— O perates:
s t o c k , on w h ich d iv id e n d s o f 4 % y e a r ly are p a id . In 1902 a new lease In p e r
R oad —
M ile s . | R o a d —
M ile s .
p etu ity w as m ad e an d $1 0 ,0 0 0 ,0 0 0 3 Vi % co n s o ls a u th o r iz e d , o f w h ic h $ 2 ,
M o b ile , A la ., t o M id d le to n , T e n n .3 6 9 |Elllsvllle J e t. to E llisv llle , M is s ..
6
B e a u m o n t, M iss., to H a ttie s b u r g - 27 |
------ 500 ,000 reserved t o retire a t m a tu rity th e first m tg e . b o n d s a n d $ 3 ,6 0 0 ,0 0 8
fo r Im p ro ve m e n ts an d en la rg e m e n ts.— (V . 7 4 , p . 63 0 , 830 , 937 .)
T o t a l (100 m . 6 0 -lb an d 302 m . 7 0 -lb . s t e e l). Incl. G u lf & C h ic a g o ____ 402
’ ’ M O N O N .’ *— See C H IC A G O I N D I A N A P O L I S & L O U I S V I L L E R Y .
R E O R G A N I Z A T I O N P L A N .— T h e plan o f r e o rg a n iz a tio n Issued In D e c.
1 90 7, g iv en In V . 85 p . 1577, p ro v id e s fo r the fo rm a tio n o f a new c o m p a n y
M O N O N O A H E L A R R .— B ro w n s v ille , P a ., t o R e d s to n e J e t ., 35 m iles,
to b e ca lled th e N ew O rleans \IobIIe & C h ica go R R . , to take o v e r the M obile
c o n n e c tin g w ith th e P itts b u rg h & L a k e E rie an d P itts b u rg h V irg in ia &
J a c k s o n & K ansas C ity an d G u lf & C h ica go, an d e v e n tu a lly e x te n d the
C h arleston (P e n n . sy s t. lin e s ), w h ich gu a ra n te e thei b o n d s (see ta b le a b o v e ),
system to the O h io R iv e r o n th e n o rth an d t o N ew O rleans o n the sou th an d
p rin cipa l and Interest, b y e n d o rse m e n t. S t o c k , $ 1 ,4 2 8 ,0 0 0 .
P enn. R R .
b u ild necessary bra n ch lin es. T h e new c o m p a n y w ill fo rth w ith Issue:
and P ittsb u rg h & L a ke E rie ea ch ow n $ 7 1 4,00 0 s t w k . Y e a r en d in g D eo. 31
N e w S e c u ritie s—
T o t a l A u t h o r iz e d .
P a r.
N o w Is s u a b le .
190 5, g ro ss, $71 0 ,7 8 3 ; n e t, Incl. o th e r In co m e , $24 4 ,3 2 0 ; ch a rge s, $92 ,509 ;
C om . s to c k ($25,000 p er m il e ) ................. $ 2 5 ,0 0 0 ,0 0 0
$100
$ 8 ,073,800
e x tr a o r d in a r y e x p e n d itu re s , $10 1 ,0 5 5 ; b a l., s u r .. $50 ,7 5 7 .
P ref. s t o c k , 6 % ($ 5,000 p er m il e )-----5 ,0 0 0 ,0 0 0
100
959 ,566
M O N O N G A H E L A R I V E R R R .— R o a d fro in F a ir m o n t t o C la rk sb u rg , W .
1st 5 0 -y ea r g o ld 5s ($ 3 0 ,0 0 0 p er m ile) - - 3 0 ,0 0 0 ,0 0 0
------9 ,5 9 5 ,6 6 3
., 31 m iles. R o a d o p e n e d in 1890. B . & O . ow n s all o f tn o 31,3 0 0 ,0 0 0
T h e b on d s o f the o ld co m p a n ie s w ill r e ce iv e p a r In new b o n d s fo r p rin sVt a
o c k (par $ 1 0 0 ) , th e co a l b o n d s b e in g r e d u ce d t o $ 1 ,0 0 0 ,0 0 0 . Oar tru s t 6 t.
cip al a n d 1 0 % In p referred s to c k fo r p rin cip a l a n d par In new b o n d s fo r the
co u p o n d u e Ja n . 1 1908 on the o ld b o n d s an d the three c o u p o n s o f J u ly 1 p rin cip a l Ju n e 30 1907, $ 1 0 9 ,0 0 0 .— (V . 7 0 . p . 1092.)
M O N T A N A R R .— L o m b a rd , M o n t ., t o L ew is t o w n , 157 m . a n d b r . 6 m iles.
1908 a n d Jan . an d J u ly 1909, w h ich are to be r e m o v e d fro m the new b o n d s.
T h e old stock w ill receiv e par In new c o m m o n sto ck .
In M ay 1906 th e C h ic. MUw. & S t. P . a cq u ire d the r o a d . V . 8 2 , p . 1212.
S t o c k , a u th o riz e d , $ 3 ,5 0 0 ,0 0 0 , all o u tsta n d in g : par o f shares, $ 10 0. O f
A s y n d ica te fo rm e d b y the Interests n o w In c o n tr o l has agreed t o assum e
th e floatin g d e b t o f th e presen t co m p a n ie s , a ggre ga tin g $ l,o 3 4 ,2 6 2 , a c c e p t
th e $ 2 ,0 0 0 ,0 0 0 b o n d s Issued o n first 100 m iles. $99 9,00 0 are s ta m p e d re
in g as secu rity $1,5 3 4 ,2 6 3 In b o n d s an d $ 1 5 3,42 6 In new p re f. s to c k .
Of
d e e m a b le a t 105 and lnt. on 6 m o n th s ’ n o tice , th e rem ain in g $ 1 ,0 0 1 ,0 0 0 b e
th e b on d s, $ 1 7 ,9 1 0 ,0 0 0 , to g e th e r w ith $ 2 ,9 8 5 ,0 0 0 p re f. an d $ 1 4 ,925 ,00 0
in g held b y the C h ica go M ilw aukee & S t. P a u l.— (V . 83, p. 1212.)
c o m . s to c k w ill be reserved fo r new m ile a g e , 'l h e rem ain in g $2,4 9 4 ,3 3 7
M O N T G O M E R Y & E R IE R Y .— (See M ap Erie RR J — O w ns M o n t g o m e r y
b o n d s . $ 1,055,434 p ref. s to c k an d $ 2 ,0 0 1 ,2 0 0 c o m . s to c k w ill rem ain a v a il t o G o sh e n , N . Y . , 10 m iles. L eased In 1872 t o E rie R R . (w h ich s e e ). R en ta l
a b le In the treasu ry, a part to be g iv e n to the s y n d ic a te , w h ich has su p p lied
Is $16 ,000 per a n n u m . S t o c k , $ 1 5 0 ,0 0 0 . D iv id e n d s ( 4 V i % p e r a n . ) are
$ 5 0 0,00 0 new m o n e y .
*.
,
p aid M ay 10 and N o v . 10. S in k in g fu n d , $6,6 0 0 p er a n n u m . T h e r o a r a $ 4 0 ,O n A p ril 1 1908 $7,3 8 8 ,0 0 0 o f the t w o o ld Issues o f b o n d s, It w as s ta te d ,
500 2d m o r t. 5s d u e O ct. 1 1927.
h a d assen ted to the pla n . T h e n e w c o m p a n y Is e x p e c te d to take possession
M O R E L IA & T A C A M B A R O R Y .— P r o je c te d fro m I r a p u a t o , S ta te o f
s h o r t ly . V . 86, p. 52.
G u a n a ju a to . M e x ., on th e M e x ica n C en tral R y ., so u th t o A r lo , 226 m iles.
T h e $14 0,00 0 car trust 4V is o f 1005 m atu re $14 ,000 q u a r. V . 81, p. 1 5 5 0 .
In clu din g 25 m iles o f side tr a c k s , o f w h ich 55 m iles fro m G u a n a ju a to t o
E A R N I N G S — F rom J u ly 1 1907 t o M arch 28 1908, gross, $ 1 ,1 4 4 ,9 3 2 ,
P u r u a n d l r o , w a s g r a d e d In M a r c h 1 9 0 8 a n d s e v e r a l m ile s o f t r a c k la id . R o a d
a g a in s t $1,1 2 7 ,6 3 6 In 1906-07.
F rom J u ly 1 1906 to Ju n e 28 1907, gross,
w ill d e v e l o p la r g e p a r t ly d e v e l o p e d a g r i c u lt u r a l , t im b e r a n d m in e r a l s e c t io n s .
$ 1 ,5 2 4 ,6 6 4 , again st $ 1 ,056,236 In 1905-06.
C o n c e s s io n s I n c lu d e $ 4 ,8 0 0 M e x ic a n c u r r e n c y p e r m ile , e x e m p t i o n f r o m im
R E P O R T .— F or yea r en din g Ju n e 30 1906, In V . 8 4 , p . 0 9 , sh ow ed (362
a v e r a g e m iles): G ross, $ 1 ,0 8 3 ,6 9 2 ; n e t, $31 0 ,0 4 5 ; ch a rge s, ta x e s , & c .t p o r t d u t ie s o n c o n s t r . m a t l. a n d f r o m F e d e r a l a n d S t a t e t a x a t i o n , e x c e p t i n g
$ 2 8 1 ,0 1 8 : b a l., s u r ., $ 20 ,027 .
In 1904-05 (259 a v . m ile s ), gro ss, $67 7 ,5 2 8 . s t a m p t a x , f o r 15 y e a r s , & c . S t o c k , $ 6 ,0 0 0 ,0 0 0 , a ll o u t s t a n d i n g ; p a r $.>0.
a
x
m
Q
5z5
O
P
Q
<
m
W
o
o
Eh
X
< !
co
o
C5
«
Pu
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R A IL W A Y
90
tiles
D a te
of
of
lo a d . B o n d s .
e x p l a n a t i o n o f c o l u m n h e a d in g s , & .C ., se e n o te s
o n f i r s t p a g e o f t a b le s .
P r io r lie n g o ld
g o ld 5 1 .0 0 0 .0 0 0 r e d (t e x t )
P re f s to c k ($ 9 0 0 ,0 0 0 ).—
$ 6 0 0 , 0 0 0 . . ------------------------------------------- £ c . c
First mortgage $ 1 , 20 0 ,0 0 0 ---------------- - - - —
e'S
J a c k & K C— 1 s t c o n s M $ 4 , 0 0 0 , 0 0 0 g o l d . Ce.c
G u l f & G 1 st M $ 5 ,0 0 0 ,0 0 0 g o l d g u a r r e d 1 1 0 „ . T a c *
F ir s t M M o b ile t o C o l u m b u s (p r in c ip a l g o l d ) . . - - F .c
F ir s t M e x t e n C o l u m b u s t o C a ir o & b r a n c h g o l d F .c
G e n e r a l m o r t g a g e fo r $ 1 0 ,5 0 0 ,0 0 0 (n o w g o ld ) s f .F .c
M o n t g o m e r y D l v 1 s t M * *4 *, 0 0 0 , 0 0 0 g o I d -------- C5 ‘ c ,
C o lla t e r a l t r u s t g o l d ($ 2 ,5 0 0 ,0 0 0 ) c a ll a t p a r — G .c
S t L o u is & C a ir o fir s t m o r t g a g e g o l d I n t e r e s t g u a r . . c
M o b i l ® & B S h 1 s t M $ 2 0 0 , 0 0 0 a s s u m e d g o l d . F .c *
1 s t M c o l n o t e s $ 6 0 0 ,0 0 0 g r e d p a r d r b y l o t .
G xc*
Mob & Mai— 1 s t M $ 1 5 , 0 0 0 p m g g u p & 1 ( e n d )
K .c *
C o n s o lid a t e d m o r t g a g e $ 1 0 ,0 0 0 ,0 0 0 g o l d .. _ G . c * & r
Monongahela RR— 1 s t M $ 1 , 5 0 0 , 0 0 0 J o i n t g u a r a n t y
Monongahela River RR— B o n d s — S e e B & O R R .
Montana RR— F i r s t m o r t g a g e g o l d $ 2 , 0 0 0 , 0 0 0 C e . c
Montgomery & Erie Ry— 1 s t M ( o l d 7 s e x t e n d e d in 8 6 )
Morelia & Tacambaro— 1 s t M g o l d ( s e e t e x t ) . . U s m c *
Morgan’ s La & Texas— 1 s t M ( N e w O r l t o M o r g C) . F . c *
F i r s t m o r t g a g e A l e x a n d r i a E x t e n s i o n g o l d ------------- F
G e n e r a l m o r t g a g e ............ ....................
. . . . - . . . - - F
Morris & E s s e x — S t o c k 7 % g u a r a n t e e d D L dr V V . . .
F ir s t m o r t g a g e , g u a r a n t e e u n d e r le a s e - . - - . . - - B a
C o n s M ( f o r $ 2 5 , 0 0 0 , 0 0 0 ) g u a r D L ds W
-U s .c ’ &r
F i r s t ref M g o l d $ 3 5 , 0 0 0 , 0 0 0 g u a r p & I ( e n d ) . F . c * & r
S p e c i a l r e a l e s t a t e b o n d s — ...........................................................
M o r ris & E s s e x E x t e n s io n s t o c k g u a r a n t e e d 4 % - - - Morristown & Erie— 1 s t M $ 3 0 0 , 0 0 0 g o l d s i n k i n g f u n d
Mt Carbon & Port Carbon R R — S t o c k ( r e n t a l g u a r ) . .
Muni sing— F i r s t m o r t g a g e g o l d ...............
.
. . . . . . . .
Muskegon Grand Rapids & Indiana— 1 s t M g o l d . - C e
Narragansett Pier RR— F i r s t m o r t g a g e $ 1 0 0 , 0 0 0
Nashua & Lowell— S t o c k 0 % r e n t a l 0 2 y e a r s B do M
150
150
200
203
1895
1895
1903
1903
472
527
527
189
1879
1883
1888
1897
1900
1886
1899
1908
1892
1902
1902
16i
38
182
35
100
55
102
157
204
i is
118
118
1864
1875
1900
V a r.
3C
37
8 .5
15
1903
1900
1886
1896
M O R G A N ’ S L O U I S I A N A & T E X A S R R . & S T E A M S H I P C O .— ( S e e M a p
o f S o u th e rn P a c if i c .) — R O A D . — O w n s A l g i e r s t o C h e n e y v l l l e , 2 0 5 m il e s ;
b r a n c h e s , 1 2 2 m .; t r a c k a g e t o A le x a n d r ia , 24 m .; t o t a l ra H ro a d lin e s , 351 m .,
s t e a m s h i p lin e s a n d fe r r ie s , 1 0 6 m .
E x te n s io n s to B a to n R o u g e , L a .,
etc
6 4 m . . w e r e u n d e r c o n s t r u c t i o n In J u n e 1 9 0 7 .
„
,
O R G A N I Z A T I O N . — T h e S o . P a c . C o . o w n s a ll o f t h e $ 1 5 ,0 0 0 ,0 0 0 s t o c k ,
b u t r o a d o p e r . I n d e p e n d e n t l y . D l v . , 6 % , p a i d In 1 9 0 5 - 0 6 : In 1 9 0 6 - 0 7 , 1 0 . 0 .
I n y e a r e n d in g J u n e 3 0 1 9 0 7 , g r o s s , $ 5 ,3 1 7 ,5 0 4 ; n e t , In c lu d in g o t h e r In
c o m e , $ 1 ,3 1 4 ,6 9 5 ; s u r p lu s o v e r c h a r g e s , $ 7 5 4 ,1 4 9 .— ( V . 7 6 , p . 5 4 3 .)
M O R R I S & E S S E X R R .— ( S e e M a p o f D e la w a r e L a c k a w a n n a & W e s t e r n .)
— O w n s f r o m H o b o k e n , N . J . . t o P h ll ll p s b u r g , N . J . . 8 5 m ile s ; b r a n c h
D e n v il le , N . J ., v ia M o r r is & E s s e x T u n n e l , t o H o b o k e n , N . J . , 3 5 m ile s ,
le a s e s 3 7 m ile s ; t o t a l o p e r a t e d , 1 5 7 m ile s .
L E A S E D In p e r p e t u i t y t o D e l a w a r e L a c k a w a n n a & W e s t e r n , w h i c h
a s s u m e s a ll lia b ilit ie s a n d g u a r a n t e e s 7 % p e r a n n u m o n s t o c k .
B O N D S .— O f t h e $ 3 5 ,0 0 0 ,0 0 0 1 st r e f u n d in g 3 H s , $ 2 3 ,4 0 0 ,0 0 0 w e r e r e
s e r v e d t o r e t ir e e x is t in g b o n d s a n d $ 1 1 ,6 0 0 ,0 0 0 w e r e a p p lic a b le t o a d d it io n s .
V . 7 0 , p .4 8 0 , 4 7 7 : V . 7 1 . p . 1 1 6 7 .
G u a ra n ty , V . 7 4 , p . 130 8.
E A R N I N G S .— I m p o r t a n t t o D . L , & W . w it h t e r m in a l fa c ilit ie s o n N . Y .
H a r b o r , b u t t h e e a r n in g s s h o w a d e fic it a ft e r p a y m e n t o f r e n t a l (I n c lu d in g
$ 1 , 0 5 0 , 0 0 0 d i v i d e n d s ) , v i z . : I n 1 9 0 7 , $ 7 9 6 , 9 7 4 ; In 1 9 0 6 * o ® J y 8 o 5 ’ n
t
$ 5 8 5 ,3 9 4 ; 1 9 0 4 , $ 6 7 3 ,1 7 2 ; 1 9 0 3 , $ 4 4 9 ,1 2 1 .— (V . 7 4 , p . 1 3 0 8 ; V . 8 - , p . 8 0 a .)
6 0 0 .0 0 0
2 .5 0 0 .0 0 0
3 .9 0 0 .0 0 0
1 4 2 8 ,0 0 0
5 g
4 g
3H g
3X g
W h ere P a y a b le , and b y
W h om .
ds
ds
ds
ds
&
ds
&
S e a b N a t B k . N Y ds C l e v
J P M o r g ds C o , N Y ; d c L o n
J P M o r g a n ds C o , N Y
do
do
T ru st C o. o f A m e r, N Y
See te x t.
______
„
M o b ile
F a r m e r s ’ L ds T r C o , N Y
do
do
G a lla t in N a t B a n k , N Y
do
do
G uar T ru st C o , N ew Y ork
F a r m e r s ’ L do T r C o , N Y
F ir s t N a t B k , M o b ile . A la
N ew Y ork
K n ic k e r b o c k e r T r C o ,N Y
G ra n d C en t S ta tio n , N Y
P h ila d e lp h ia , P a
1 . 200.000
5 .0 0 0 .
1 .4 9 4 .0 0 0
22 1.0 0 0
250 000
2 8 2 ,3 5 0
1 6 0 ,0 0 0
7 5 0 .0 0 0
7 0 ,0 0 0
8 0 0 .0 0 0
Q— F
J
do
J
M
do N
F ds A 1 5
M
ds
S
M
ds
S
A
ds O
J
M
0 0 07
1 .0 00 . 000
1 5 ,0 0 0 ,0 0 0
5 ,0 0 0 ,0 0 0
1 1 .6 7 7 .0 0 0
1 3 .6 0 0 .0 0 0
1 .8 0 0 .0 0 0
&
Q— Jan
M
ds
S
F
ds A
5 g
5
5 g
S ee te x t.
1 3 0 .0 0 0
100
1 ,0 0 0
50
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
100
B o n d s ($ 5 ,0 0 0 ,0 0 0 a u t h o r i z e d ) I s s u a b le a t $ 2 2 ,2 2 2 p e r m ile ; $ 1 ,2 0 0 ,0 0 0
w e r e u n d e r w r i t t e n f o r firs t 5 5 m il e s .
V . 81, p. 726, V . 83, p . 562.
f i
n a n c e d b y A . J . P e y t o n ds C o . , N e w Y o r k .
P r e s ., E d s o n J . C h a m b e r la in ,
O t t a w a : G ilb e r t E . F a r q u le r , V . - P . a n d G e n . M g r .; J a c o b L . G r e a t s ln g e r ,
2 d V - P • C . D . K n a p p J r ., S e c .- T r c a s ., I l l B w a y , N . Y . — ( V . 8 3 , p . 5 6 2 .)
%
5 e
4
5 g
4
1 , 200,000
3 .9 6 4 .0 0 0
5 g
4 .0 0 0 .
0 0 05 g
6 , 0 7 0 , 6 0 0 > In 1907
7 .0 00 .
0006
1 , 000,000
6 g
9 ,4 7 1 ,5 5 5
4 g
4 .0 0 0 .
0 0 05 g
2 .4 9 8 .0 0 0
4 g
4 .0 0 0 .
0 0 04 g
200,000
5 g
6g
5
J
M
J
J
3H
J
4H
4
M
M
5 g
12
J
A
4 g
J
5 g
F
4
See te x t. M
7
7
7
g
OR D IV ID E N D S .
W h en
P a y a b le .
$ 7 0 0 ,0 0 0
9 0 0 .0 0 0
6 0 0 .0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
50
250 &c
1 ,0 0 0
1 ,0 0 0
1900
1866
1903
1878
1880
1893
R a te
C
1,000
[VOL. LXXXVI.
BO NDS.
Am ount
1 ,0 0 0
1 ,0 0 0 & c
2
—
S iz e , or
Par
V a lu e .
$ 1 ,0 0 0
100
2 0 0 ,1 0 0 0
2 0 0 ,1 0 0 0
1 ,0 0 0
1 ,0 0 0
100
5 0 0 dec
1 ,0 0 0
500 & c
1 ,0 0 0
1 ,0 0 0
500 &c
5 0 0 dsc
1904
Mo River & North w— 1 s t M
Mobile & Birmingham RR—
Mobile
AND
IN T E R E S T
R A IL R O A D S .
F or
STO CKS
J C en tra l T ru s t C o , N Y
ds
ds N G o s h e n . N Y
J U S M o r t ds T r C o , N Y
ds
ds O S P C o , 1 2 0 B ’ w a y , N Y
J
do
do
ds
J
do
do
ds
J D e l L a c k ds W e s t e r n . N Y
do
do
do
ds N
D
do
do
do
do
do
do D
J
do
do
ds
do
do
do N
S B r o o k ly n T r u s t C o , N Y
do
ds J 1 5 R e a d i n g T e r m i n a l , P h l l a
O A m e r T r u s t C o . C le v e l’ d
ds
J J a n 1 9 0 7 p a id F e b 1 90 8
ds
ds A R I H o s p T r C o , P r o v
do N I n d i a n H u B a n k N a s h u a
Bonds— Princi
pal, When D u s.
S to c k s — Last
Dividend.
June 1
Jan
1
J u ly 1
J u ly 1
Jan
1
J u ly 1
D ec 23'
D ec 1
J u ly 1
Sept 1
F eb
1
M ay 1
Jan
1
M ay 1
F e b 15
Sept 1
M ar
1
O ct
1
J u ly
M ay
Jan
A p r il
J u ly
J u ly
Jan 2
M ay
June
D ec
1912
1944
1908 2 %
1945
1945
1953
1953
07 2 H %
1927
1927
1938
1047
1930
1931
1949
1911
1991
2002
1942
1 1030
1 1926
1 1943
1 1918
1 1920
1 1913
'0 8 3 H
1 1914
1 1916
1 2000
%
May 1 9 0 8 2 %
S ep t 1 1923
J a n 1 5 '0 8 6 %
O ct
1 1925
J u ly 1 1926
Aug
1 1916
N o v 1 ’07 5 %
B o n d s are g u a ra n te e d , p rin cip a l a n d Interest, b y U n ite d S tates L u m b e r C o .;
t h e y tire r e d e e m a b le a t p a r o n D e c. 1 1908 o r a n y Interest d a y th e rea fter .
V . 8 5 , p . 9 9 , 160.
N A T IO N A L RAILW AYS OF MEXICO.— (S e e
.) — T h is c o m p a n y
w as o rg a n iz e d In A p ril 1908 u n d e r special A c t o f C ongress o f M e xico to
a c q u ir e , p er plan In V . 86, p . 918 , 982 , the ow n ersh ip o r co n tr o l o f the fol-
Map
M m lean nC e n tra l.................3,428 m iles |In te r o ce a n lc R y . o f M e x . 736 m iles
N a tio n a l R R . o f M e x i c o . . 1,752 m iles H id a lg o & N o rth e a s te rn . 152 m iles
-------------- -—
M e x ica n In te r n a t io n a l—
918 m l l e s l
Total ( o f w h ich 1,262 narrow g a u g e )-------------------------------- --------- 6,987 m iles
The M exica n G o v e rn m e n t w ill ow n a m a jo rity o f the entire cap ital stock
a n d w ill g u aran tee the p rin cipa l a n d Interest o f the new general m ortg age
b o n d s.
L e a v in g the $75 ,000 ,00 0 c o m . s to ck o u t o f the c a lcu la tio n , as It
w ill all b e o w n e d b y M exica n G o v ’ t, the new Issues w ill aggregate $ 2 8 7 ,
8 0 3 ,0 3 7 , as fo llo w s (see also table at h ead o f page 9 2 ).
Prior Lien
Securities Immediately Issuable.
4)4
% Bonds ($225,000,000 au th orized ) —
Issuable In p a r t e x c h . fo r M ex. C en t, b o n d s ____ $70 ,294 ,96 2
S o ld fo r c a s h ---------------------------------------------------------- 10,000,000
T o M exica n G o v ’ t o n a c c t o f g u a ra n ty , & c____
6 .0 0 0 ,0 0 0 — $86 ,294 ,06 .,
T h e re m a in d e r o f the a u th orized Issue o f $22 5,00 0,0 00 Is reserved as fo l
lo w s - (1) $ 23 ,000 ,00 0 to retire $23 ,000 ,00 0 N ation a l R R . o f M e x ico prior
lien 4
b o n d s d u e O ct. 1 1926; (2) $20 ,205 ,03 8 fo r b e tte rm e n ts, Im p rov e
m en ts a n d e q u ip m e n t presen tly requ ired; to take up $10 ,000 ,00 0 N ational
R R o f M e x ico 5 % e x te n d e d g o ld n o te s d u e A p ril 1 1909, a n d . If deem ed
a d v is a b le , M exica n Cen tral R y . e q u ip m e n t n o te s ($4,099,462 now o u t
s t a n d in g ), a n d fo r o th e r co rp o ra te purposes: a n d (3) $ 95 ,500 ,00 0 for e x
ten sion s, a d d itio n s a n d Im provem en ts as show n In V . 86, p. 919.
M O R R IS T O W N & E R I E R R .— O w n s M o r r is to w n , N . J ..
'W . % f f n n n ’
T h e right Is reserved to Issue $ 6,000,000 a d d itio n a l b o n d s ra n k in g p a r i
4
in .; b r a n c h e s , OH m .
A c o n s o l i d a t i o n In A u g . 1 9 0 3 .
S t o c k , $ 4 0 0 ,0 0 0 ,
p a s s u w ith the o th e r b o n d s o f this series, to take up o r retire a t o r b e fo r e
a ll o u t s t a n d in g : p a r o f s h a r e s , $ 1 0 0 .
B o n d s a r c s u b j e c t t o (s a l 1 f o r s.. f.. a t
m a tu rity £ 1 ,2 0 0 ,0 0 0 p rio r lien sterlin g b o n d s o f the M exica n Intern ation al
a n y tim e .
Y e a r e n d i n g D e c . 3 1 1 9 0 6 . gro ss, $ 6 2 , 5 5 0 : n e t , $ 2 4 , 1 6 8 .
ir e s .,
R R . C o ., w h ich see.
R . W . M c E w a n , 11 B r o a d w a y , N . Y . — ( V . 7 7 , p . 5 1 1 .)
T h e p rior Hen b o n d s w ill be s u b je ct t o call a fte r Ja n . 1 1917 at 105 In
M O U N T C A R B O N & P O R T C A R B O N R R .— O w n s M t. C a rb o n t o P o r t
a m o u n ts n o t less than $10 ,000 ,00 0, o r f o r a cu m u la tiv e sin k, fu n d s u fficien t
C a r b o n , P a . , 2 .5 0 m . ; 2 d t r a c k , 2 .4 5 m . ; t o t a l t r a c k , 1 5 .4 9 m il e s .
L eased
to retire the en tire Issue b y m a tu rity .
M c h . 5 1 8 6 0 f o r 5 0 y e a r s t o P h l l a . & R e a d . R R . a n d l e a s e a s s u m e d In 1 9 0 6 b y
Guaranteed General Mortgage 4 % Bonds ($ 1 6 0,000,000 au th .) —
P h lla . & R e a d . R a ilw a y .
R e n t a l, $ 3 6 ,2 5 0 y e a r ly .
Issuable In part e x c h . fo r M ex. C en t, b o n d s ------ $38,565,075
S old fo r c a s h ---------------------------------------------------------6,750,000
M U S K E O O N G R A N D R A P I D S & IN D 1 A N A
T o M ex. G o v ’ t on a c c o u n t o f g u a ra n ty , dec-----2 ,4 5 0 ,0 0 0 — $47,76.>,07.>
R a p i d s t o M u s k e g o n , M i c h . . 3 7 m . ; t r a c k a g e , G . R . de I n d . a t G r a n d R a p i d s ,
T h e rem ain der o f the a u th o rize d Issue o f $16 0,00 0,0 00 Is reserved as f o l
« m ii p o
O n e r a t e d b v G . R . <& I n d . R R . i w t i i c t i w a s f o r e c l o s e d I n 1 8 9 6 ,
lo w s : (1) $12 ,985 ,92 5 fo r b e tte rm e n ts, Im provem en ts a n d e q u ip m e n t pres
c o n s id e r a t io n , n e t e a rn in g s .
S t o c k a u t h o r i z e d , $ 3 5 0 ,0 0 0 ; p a r , $ 1 0 0 ; I s s u e d ,
e n tly r e q u ire d ; to take up $10 ,000 ,00 0 N ation a l R R . o f M e xico 5 % e x te n d e d
$ 1 ,0 0 0 .
C o u p o n o f J a n . 1 9 0 7 p a i d In F e b . 1 9 0 8 .
E a r n s , f o r y e a r e n d in g
g o ld n o te s d u e A p ril 1 1909, an d fo r o th e r c o rp o ra te pu rposes: (2) $ 2 4 ,7 4 9 ,
D ee
31 1 9 0 7
g ross
$ 1 6 6 ,7 8 9 ; n e t , ln c l. o t h e r I n c o m e , $ 4 o ,2 6 6 , ln t. o n
000 to retire o u ts ta n d in g N ational R R . o f M e x ico first c o n s o l. 4s; (3) $ 7 4 ,
b o n d s , $ 3 7 , 5 0 0 ; r e n t a l s , t a x e s , & c . , $ 1 3 , 2 3 2 ; b a l . , d e f . , $ 5 , 4 6 6 . — ( v . 8 6 , p . 4 8 1 .)
500 ,0 0 0 fo r e x te n sio n s, a d d itio n s an d Im provem en ts as stated In V . 8 6 ,p .1)19.
N A S H U A & LO W ELL R R . — O w n s d o u b l e t r a c k r o a d f r o m L o w e l l , M a s s .,
T h e right Is reserved to Issue a d d itio n a l b o n d s, ra n k in g p a r i p a s s u w ith
t o N a s h u a , N . H . . 15 m ile s .
O n O c t . 1 1 8 8 0 le a s e d f o r 9 9 y e a r s t o B o s t o n
the o th e r b o n d s o f this series, to take up o r retire a t o r b e fo re m a tu rity an
A L o w e ll
In 1 8 8 7 le a s e w a s tr a n s fe r r e d t o B o s to n & M a in e , w h ic h p a y s
e qu a l a m o u n t o f the co n s o l, m tge. b o n d s o f the M exica n In tern ation al R R .
a * r e n t a l o f $ 7 3 , 0 0 0 ( 9 % on s t o c k ) ; In N o v . 1 9 0 6 a n d N o v 1 9 0 7 . H % e x t r a
T h e general m tg e . b o n d s w ill be s u b je c t to call a t p ar In a m o u n ts n o t less
w a s p a i d f r o m a c c u m u l a t e d c a s h s u r p l u s . — (V . 8 3 , p . 9 7 0 , V . 8 5 , p . 1 0 0 5 .)
than $1 0 ,0 0 0 ,0 0 0 a fte r A p ril 1 1927; also on a n d a fte r O ct. 1 1937 fo r a c u m
N A S H V IL L E C H A T T A N O O aA * & ST. LO U IS R Y — ( S e e M a p . ) — O w n s
u la tiv e sin k in g fu n d , w h ich Is to retire en tire Issue n o t later th an 1977.
fr o m C h a t t a n o o g a . T e n n ., t o H ic k m a n , K y ., 3 2 0 m .; b r a n c h e s t o L e b a n o n ,
First Preferred Shares ($ 3 0 ,0 0 0 ,0 0 0 a u th o r iz e d )—
. „ A„ .
& c ., 5 1 9 m .; le a s e s W e s t e r n & A t l a n t i c , C h a t t a n o o g a . T e n n ., t o A t la n t a ,
T o be e x c h . fo r $28 ,8 3 3 ,0 0 0 N at. R R . o f M ex. p f. s t k ., 1 0 0 % ) $28 ,8 3 3 ,0 0 0
G a ., 137 m . , a n d M e m p h is & P a d u c a h D iv is io n o f t h e L . & N ., 2 5 4 m ile s .
(R e m a in d e r , $ 1 ,1 6 7 ,0 0 0 , reserved In treasu ry.)
See V . 7 1 , p . 5 4 4 , 6 6 4 , 8 6 4 .
T o t a l o p e r a t e d J u l y 1 1 9 0 7 , 1 -2 3 0 m ile s .
T o assure to th e 1st p re f. shares sem i-an n u al d lv s. o f 1 % fo r 3 years fro m
O R G A N I Z A T I O N . — A m a j o r i t y o f t h e s t o c k ( $ 7 , 1 7 7 , 6 0 0 ) Is o w n e d b y
J a n . 1 1908 to the e x te n t t o w hich the n e t p rofits shall n o t be s u ffic ie n t
t h e L o u . & N a s h . , o f w h i c h $ 5 , 5 0 1 , 5 0 0 Is p l e d g e d u n d e r I t s u n i f i e d m t g e . ,
to m ake such p a y m e n t, p ro v isio n Is to be m ade fo r th e se ttin g aside b y tne
e t c . , s o t h a t t h e s y s t e m s a r e o p e r a t e d In h a r m o n y .
W e s t . ds A t l . Is l e a s e d
c o m p a n y , as a separate fu n d , o f $ 1 ,800,000 p rio r Hen b o n d s a n d $1,2 0 0 ,0 0 0
fr o m S t a t e o f G e o r g ia t ill D e c . 27 1 0 1 9 a t $ 4 2 0 ,0 1 2 p e r a n n u m .
g u a ra n te e d gen . m tg e . b o n d s , o r In case o f a sale th e r e o f, then a a u m cie n t
D I V S . — 1 ’ 8 9 - ’ 9 2 . ’9 3 . "9 4 . 9 5 tO 9 8 . 9 9 t o 0 3 . 0 4 . 0 5 . 0 6 . 0 7 . 1 9 0 8 .
a m o u n t o f th e p ro ce e d s th ereof.
s l n c e l 8 8 8 . J5 y e a r ly . 3 H 3 H 4 y e a r ly
N one.
4
5
5
6
F e b .. 3
Second Preferred Shares ($ 1 2 5,000,000 a u th .) —
B O N D S .— T h e T r a c y C it y b r a n c h 6 s fa ll d u e $ 2 0 ,0 0 0 y e a r ly o n J a n . 1 t o
Issu able In p art e x ch a n g e fo r M ex. C en t. R y .
1 9 1 6 I n c lu s iv e , a n d $ 1 0 0 ,0 0 0 o n J a n . 1 1 9 1 7 .
..
_
4 % b o n d s an d Incom e b o n d s ........................... . $ 4 1 ,410,^.34
C o n s o lid a t e d m t g e . o f 1 8 8 8 p r o v id e s t h a t a ll p r io r b o n d s s h a ll b e p a id o f f
F o r M ex. C en t. R y . s to c k ($ 5 9 ,1 2 7 ,1 0 0 ), 100 % 59,1 2 7 ,1 0 0
a t m a t u r it y ; s u ffic ie n t o f t h e $ 2 0 ,0 0 0 p . m . a r e r e s e r v e d fo r t h e m .
In 1905
A c c o u n t o f N a t. R R . o f M e x ico s t o c k ------------- 2 4 , 4 5 6 , 6 6 -$ 1 2 5 ,0 0 0 ,0 0 )
'A%
nnn
t h e r a t e o n fu t u r e Issu e s w a s r e d u c e d t o 4 % .
V . 8 1, p . 1044.
J o in t ly w ith L o u . & N a s h , g u a r a n t e e s $ 2 ,5 0 0 ,0 0 0 L . & N . T e r m in a l C o .
bon ds.
S e e L o u . ds N a s h .
V . 7 5 . p. 1354.
G u a r a n t y o f $ 2 1 ,0 0 0 A e t n a
I r o n , M f g . , M in in g & O il 6 s .
V . 7 7, p. 2390.
L A T E S T E A R N I N G S . — J u l y 1 t o F e b . 2 9 (8
« mos —
G ross.
N et.
_____________ $ 7 , 4 8 6 , 7 9 4
$ 1 ,5 9 2 ,0 3 0
1 9 0 7 -0 8
.......................... 7 . 7 3 1 . 9 7 0
1 ,6 3 1 .9 0 2
1 9 0 6 -0 7
A N N U A L R E P O R T .— R e p o r t fo r 1 9 0 6 -0 7 w a s
Y e a r s e n d in g J u n e 3 0 .
1907.
1906.
M llc a e e e n d o f y e a r
_ _
1 .2 3 0
1 ,2 2 6
G r o s s e a r n i n g s _____________ $ 1 2 , 2 3 8 , 4 7 2 $ 1 1 , 1 2 0 , 9 8 2
N e t e a r n i n g s _______________
2 ,5 0 8 ,3 1 0
2 ,7 6 6 ,0 6 9
1 8 ,4 0 0
1 8 ,4 5 5
I n v e s t m e n t s , d s c ______ ___
.
N e t I n c o m e _______________ $ 2 , 5 2 6 , 7 1 0
I n t e r e s t o n d e b t a n d t a x $ 1 ,1 6 7 ,8 7 1
R e n t a l s _____________________
6 2 6 ,4 6 0
M i s c e l l a n e o u s --------------------2 6 ,0 0 0
D l v . o n s t o c k ........................... ( 6 ) 6 0 0 , 0 0 0
$ 2 ,7 8 4 ,5 2 4
$ 1 ,1 6 9 ,6 7 0
6 2 4 ,8 6 2
3 6 ,0 0 0
(5 )5 0 0 ,0 0 0
m o n th s):
In t e r e s t , & c .
B a l., S u r .
$ 1 ,2 2 4 ,8 2 4
$ 3 6 7 ,2 0 6
1 ,1 0 5 ,4 3 4
4 3 6 -4 6 8
In V . 8 5 , p . 7 8 7 .
1905.
1904.
1 ,2 2 6
1 ,2 0 1
^ ^2*525*009
2 ,5 6 0 ,4 0 7
2 ,6 2 4 ,9 9 2
1 8 ,9 3 0
1 8 ,2 9 7
$ 2 ,5 7 9 ,3 3 7
$ 1 ,1 7 4 ,7 3 4
6 2 5 ,8 7 8
3 6 ,0 0 0
(5 )5 0 0 ,0 0 0
$ 2 ,6 4 3 ,2 8 9
$ 1 ,1 8 3 ,2 8 6
6 2 5 ,8 7 8
66,000
(4 )4 0 0 ,0 0 0
B a l a n c e , s u r p l u s _______
$ 1 0 6 ,3 7 9
$ 4 5 3 ,9 9 2
$ 2 4 2 ,7 2 5
$ 3 6 8 ,1 2 6
P r e s ., J o h n W . T h o m a s J r .; V l c e -P r e s .. H . F . S m it h : C h a ir m a n o f B o a r d .
E C . L e w i s ,— ( V . 8 3 , p . 8 1 5 ; V . 8 4 , p . 1 0 3 ; V . 8 5 , p . 4 0 3 , 7 8 7 .)
N A S H V I L L E & D E C A T U R R R . — ( S e e M a p L o u i s v i l l e A N a s h v ille .) —
O w n s f r o m N a s h v ille , T e n n . , t o D e c a t u r , A l a . , 1 1 9 m ile s .
Re-leased t o
L o u . & N a s h . In 1 9 0 0 f o r 9 9 9 y e a r s , t h e r e n t a l b e i n g 7 H % o n s t o c k .
The
L o u . & N a s h . J u ly 1 1 9 0 7 o w n e d $ 1 ,9 7 9 ,6 0 0 o f t h e s t o c k . — ( V . 7 0 , p . 1 1 9 5 .)
N ASH VIL LE T E R M IN A L RR .— O w n s b r id g e a cro s s th e C u m b e rla n d
R ir e r a n d 18 m . o f t r a c k .
L e a s e d fo r 9 9 y e a r s fr o m M a y 1 190 2 t o T e n n .
C e n t . R R . , w h ic h o w n s e n t lr o $ 1 ,0 0 0 0 0 0 s t o c k .— ( V
7 4 , p . 5 7 7 . 8 3 0 .)
N A T C H E Z & E A S T E R N R Y .— U n d e r c o n s t r u c t i o n f r o m N a t c h e z , M is s .,
e a s t e r ly t o B r o o k h a v e n , 6 6 m ile s , t o b e c o m p le t e d M a y 1 1 9 0 8 .
C o n n e cts
a t B r o o k h a v e n w it h M is s is s ip p i C e n t r a l, c o n t r o ll e d b y s a m e in te r e s t s
U n d is tu r b e d S e c u r it ie s to B e A s s u m e d .
Outstanding.
A u tl i o r l c d .
N a tio n a l R R . o f M e xico —
_
k ... ...
P rio r lien 4
g o ld b o n d s d u e O ct. 1 1 92 6-------- $23 ,0 0 0 ,0 0 0 $ 23 ,000 ,00 0
1st co n s o l, m tge. 4 % g o ld b o n d s, d u e O ct. 1 1951 2 7 ,289,000
5 % g o ld n o te s d u e A p rli 1 19 0 9 --------------------------- 1 0 ,000,000 10,0 0 0 ,0 0 0
M exica n C entral R y .—
_ __
3 3 ,775,000
3 o ,000 ,000
4 -y e a r 5 % g o ld n o te s due J u ly 1 191 0...........
T h e n ew c o m p a n y w ill also assum e o r gu aran tee, In lieu o f the N ation a l
R R . C o. o f M e x ico , a n y b o n d s assu m ed o r gu a ra n te e d b y th at c o m p a n y
(see M exica n Intern ation al R y . ) , a n d , on the a c q u isitio n o f the lines or
ra ilw a y an d o th e r p r o p e r ty o f M exica n Cen tral R y . C o ., assum e the g u a r
a n t y o f a n y b o n d s gu aran teed b y th a t c o m p a n y .
T h e In te r o ce a n lc R y . of
M e x ico (w h ich see) Is c o n tr o lle d b y the N ation a l R R . o f M e x ico , b u t Its
s e cu ritie s. It Is u n d e rs to o d , are n o t gu aran teed b y th at co m p a n y .
H%
F o r e a ch $ 1 , 0 0 0 O ld S e c u r i
t ie s , i f D e p o s it e d —
C a sh
M e x ic a n C e n tr a l R y . C o .—
P r io r
L ie n
4 X s.
G u a r.
G en .
4s.
1 st
P r e f.
S h a res.
2d
P r e f.
S h a res.
C om
m on
S h a res.
_____
_____
$700
$475
—
_____
_____
1 ,0 0 0
$75
325
C o n s o l , m t g e . 4 % b o n d s ...............
600
—
1 ,1 0 0
F i r s t c o n s o l . I n c o m e s -------- —
1 ,1 0 0
R e g i s t e r e d I n c o m e s ----------------—
1
.0
0
0
S e c o n d c o n s . I n c o m e s .....................
1 ,0 0 0
S t o c k ...................................................—
N a tio n a l R R . C o . o f M e x ic o —
. . . .
_____ ”
$ 1 ,0 0 0
P r e f e r r e d s t o c k -----------------------$ 1 0 0
z —
S e c o n d p r e f e r r e d s t o c k ..................
333 V -3
; , 7 3 3 1 -3
C o m m o n s t o c k ( o l d ) -------------—
- - - "
* 1 .0 0 0
D e f e r r e d s t o c k ------------------------- —
----------------------
T o m e e t th e c a s h r e q u ir e m e n t s . I n c lu d in g th e $ 5 ,5 0 0 ,0 0 0 flo a t in g d e n t
o f ’ o l d ’ c o s . , ’ t h e n e w c o m p a n y w ill s e ll f o r $ 1 4 ,8 7 0 ,0 0 0 t o t h e r e a d ju s t m e n t
r.ioo
R A IL W A Y
92
STO CKS
AND
f VOL. LXXXVI.
BO NDS.
IN TE RE ST OR D IV ID E N D S .
R A IL R O A D S .
F or explanation of column headings, A c ., see notes
on first page of tables.
M iles Dale Size, or
Amount
P ar
of
of
Road. Bonds. Value. Outstanding
Rate
%
When
Payable.
Where Payable, and by
Whom.
Bo tids— Princi
pal, When D ue.
Stocks— Last
Dividend.
New York and Nashville Feb 1 ’08 3 %
$ 10 0 $ 1 0 ,000,000 6 In 1907
Hanover N at Bank, N Y July 1 1013d
Nashville Chattanooga & St Louis— Stock...........7
6.300.000
1,0 0 0
340 1873
Jan 1 1917
First, mortgage (for $6,800,UUU)— -------- ocr
do
do
6
750.000
1,0 0 0
125 1877
Jan 1 1917
w{£” S on F iy e tte ana McM brs (56,000 p m ). _c* &r
do
do
6
300.000
1,0 0 0
Jan 1 1923
29 1877
do
do
First mortgage on Lebanon B ran ch ..................... - - - c .
371.000
6 g
1,0 0 0
___
1 1923
Jan
43 1883
First morttcago on Jasper Branch-----------r .._ _ - C e . c
do
do
376.000
6 g
1,0 0 0
Jan 1909 to T9
46 1883
First m ortgage on Centrevllle Branch g o l d ..C e .c & r
do
do
6
259.000
1,0 0 0
N ov 1 1909
20 1887
First mortgage on Tracy City Branch.......... . . . c &r
do
do
21,0 0 0
6 g
April 1 1928
48 1881
Duck R R R second mortgage (now first mortgage) g
do
do
7.628.000
5 g
1.0 0 0
Jan 1908 3 H %
803 1888
Cons M ($20,000,000) $20,000 p n i gold
Ug.c*
Nashville
3,553,750
7 )■£
25
119
Nashville & Decatur— Stock guar 7 H % by L & N - - -
Mercantile Tr C o. StLouis Jan 1 1932
Nashville Florence & Sheffield— See Louisville & Nash vllle.
5
g
1
,
000,000
1,0
0
0
1902
Nashville Term— 1st M gold int rent red 105 - - - - - - Trust Co of America N Y June 1 1910
1,540,000
6 g
1 000
1907
Natchez & Eastern— 1st M $1,700,000 g red ..T a .c
National Railways of Mexico— New securities to be Iss
74,846,670
Com stock §75,000,000 U S g or 150,000,000 Mex pcs
28.833.000
First pref stk $50,000,000 4 % n-c (also as to assets)
125,000,000
July 1 1957
Second pref stock $ 125,000,000 5 % n-c(also as to ass)
86,294,962
4 Yt g
1907
Oct 1 1977
Prior lien M U S gold red 105 beg 1917 (see text) _Cc
47,765,075
4 g
1907
Aug 12 0 7 , 1 %
General mtgc TJ S gold guar redeem par (te x t)-------N
Office, 60 W all S t, N Y
2
In 1907
3 2 .0 0 0 .
000
100
Oct 1 1926
National RR of Mexico— 1st pref stock (other see text)
Speyer
&
Co,
New
York
2
3
.0
0
0
.
000
4H %
500 &c
1,284 1901
Oct 1 1951
Prior lien M $23,000,000 gold call at 105-------Un.c*
do
do
4 g
500 &c 24.740.000
1,514 1901
Apr 1 1909
First consol M $60,000,000 gold (see te x t)-------Ce.c*
do
do
1
0
.
000
.
000
5
g
1,000
&c
1903
Collateral notes $10,000,000 g red (ext In 1907)
May
1 1919
Naugatuck— See New York New Haven & Hartford.
Moran
Bros,
New
York
5 g
547.000
1,0 0 0
144 1899
July 2 1938
Nevada-Callfornia-Orogon— First M $1,500,000 sold .
See text
750.000
5 g
1,000
94 1888
To
1924
Nevada Central— 1st M gold non-cum Inc (sink fd ).C e
W
ells,
Fargo
&
Co,
S
Fr
7
219.000
1.0 0 0
2 2 H 1896
Nevada County Narrow Gauge— First mortgage - .
New England— See New York New Haven & Hartford
New Haven & Northampton— See New York New Ha ven & Hartfo rd.
F & A N Y Central & Hud Rlv Feb 1 1986
1.700.000
1,0 0 0
1886
New Jersey Junction— 1st M guar $ 4 * 9 9 0 ,0 0 0 --Q.c&r
June 1 1927
New Jersey & New York— See Erie R R Co.
& D ............................................ .
5
See
text.
1,000
26
Apr 1908 2 H %
New Jersey & Pennsylvania— Temporary M $200,000.
q—j
New London Office,
9
1.500.000
100
12 1
New London Northern— S t o c k - - - - - - - - - - - - - - - - -----& J Bank of North Am er, N Y July 1 1910
4 & 5 J
1.500.000
1,0
0
0
1880
1
2
1
85 years
Consol mortgage (now 1st M) ($688,000 are 4s)' --C
J
&
D
do
d
4
75.000
35 1905
Aug 1 1955
W est River first mortgage guaranteed prln & Int
F & A Fisk & Robinson, N Y
6.837.000
5 g
231 1905 1,0 0 0 &c
Sept 3 1907 6 %
New Orleans Oreat Northern— First M g o ld
- K .c &r
6 ,000,000 6 In 1907 Yearly. New Orleans, La
196
N ov 1 1915
New Orleans & North Eastern— Stock $ 6 , 0 0 0 ,0 0 0 - - -A
&
O
Central
Trust
Co.
N
Y
1.320.000
6 g
1 ,000 |
196 1885
Jan 1 9 1 1 _____ _
Prlor Hen mortgage gold..........................................
J
& .1 Muller. Schall & C o .N
100.000
6 g
1,0001
196 1881
First mortgage gold....................................................... r .-£
N EW JERSEY & P E N N S Y L V A N IA R R.— See page 170.
N E W LONDON NORTHERN R R .— Owns from Now London, C onn., via
Brattlcboro, V t .. to South Londonderry, V t ., 158 miles.
L E A S E D for 99 years from D ec. 1 1891 to Central Verm ont. The rental Is
1213,552 per annum, which leaves a small surplus after providing for Inter
and Industrie and Berliner Handelgesellschaft.— V . 86. p. 918, 982.
est, A c ., and 9 % dividends. Taxes and Improvements met by lessee, with
N AT IO N AL RR. OF M EX IC O .— (See M a p .) — Operates:
on New London Northern.
_
,
_
1 9 01
Narrow Gauge— Owned.
Miles. outDclaim
IV ID E N D S .— 1888 to April 1892, 7 % yearly, then 8 % yearly to 1893,
Standard Gauge— Owned. M iles.
Laredo to City of Mexico - - - - - - 802 City of Mexico to Uruapan---------------- 317and since to Apr. 1908 (lncl.), 2
quar. (9 % per an .)— (V . 76, p. 1301.
Leased—
.
Clntura, & c., lines (3-rall track)
J
N E W O R L E A N S F O R T J A C K S O N & G R A N D I S L E R R . — V . 8 5 , p. 1577
San Juan Jet. to Jaral............... •
»o Mlchoacan & Pacific R y ., Maravatlo to Zltacuaro_________
*7
N E W OR LEANS GREAT NORTHERN R R .— (See M a p .)— New Orleans,
Vanegas to M atehuala..................
40
Rincon to Pozos..............................
3*
Total
lncl.
In
earnings...........
-1
,7
5
2
Monterev to Matamoros------------- 2uo
Controlled— Earnings separate (see
Gonzales to Acam baro..................
separate statement for each).
J V liW lU C V m u ,
1 6 l i m e s , D U IU L U ,
^
— ry
a m 1l/»u* t r n r »lfn tri*
Columbia branch------------Mexican
International R R ---------------- 918vllle, 26 miles; branch via Frankllnton to ry lerto n Miss. ,
construeC o n tr o lle d — S e c u r . o w n e d .
Interoceanlc R y. of M exico---------------- 736New Orleans to Slidell, L a ., 29 miles; total, 260 miles.
U»<mr construe
Texas Mexican R y .. Corpus
tlon, about 40 miles Into Jackson, Miss. Stock, $4,242,290
Chrlstl to Laredo, Tex , etc. 162 Hidalgo & Northeastern----------- lu«
O f first mortgage bonds ( $ 1 0 , 0 0 0 ,0 0 0 authorized). $ 7 , 0 0 0 ,0 0 0 h a v e b e e n
-3 ,5 5 9
Total standard gauge............. .. 1 ,3 7 8 1 Grand total Apr. 19 0 8 .
sold for construction and equipment. V . 81, p. 841.
, rm m sci
O F F IC E R S .— Pres., Charles W . Goodyear; 1st V .-P . and Gen Counsel,
Tim Mexican International R R .. controlled by ownership of majority
of stock, extends from connection with the Southern Pacific at Eagle Pass.
. E. 01ms_tedL 2d V .-P . and Sec.. C L J a m ^ J r c a s . , ^ A ^ L e h r ^ G e n .
M gr., N . G. Pearsall. Directors: Messrs. Goodyear, James
Tex to Durango. M ex.. and to N at. R R . of Mcx at Monterey, & c., 918
.
A The* National C o. acquired £1 .0 3 8 ,4 0 0 Interoceanlc R y . of M ex. 2d
Pearsall, James D. Lacey and E . H . Fairar.
{ \ . 84, p. 13 W )
deb stock the latter, with preference and com . shares owned and.?'“ c?
N EW ORLEANS & NORTH EASTERN R R 'aulred giving practical control, thus securing for the National a line from
Idlan, Miss., 196 miles. Stock, $6,000,000 (par, $ 100> • )f. 7 llcl1„ * 5 ’?un)50h2
and $5,155,000 gen 4 H s and $1,500.000 Incomes were held In Jan 1908 by
Ala. New Orleans Texas & Pac. Jet. R y .
1onReorganlzed In 1902 per plan In V . 74, p. 681
Dividend on stock 1903
and 1904, 3 % each; 1 9 0 5 ,3 ) 4 % : 1 9 0 6 ,5 % ; 1907, S e p t., ?% •
Of the
general 4 54s $1,472,000 are reserved fo retire the remaining prior lien bonds
and $1,046,090 for future requirements.
Equip, notes of 1906, V . 8 2 ,p .987.
E A R N IN G S .— For 8 V\ months ending March 7 1908, gross, $ 2 ,l lo ,1 7 8 ,
S e n t w ?s proposed7 See jjNatlonal Railways of Mexico” above and V . 86, against $2,089,670 In 1996-07.
Report for 1906-07, V . 8 » , p. 1305.
& Yr. end. June 30—
Gross.
Net.
Oth.Inc. In t., A c .
Balance.
^ S T O C K .— Outstand’g, 1st pref., see above: 2d pref., $22,030,600; del d
1906 -07............ - ........... $3,252,148
$805,362 $32,377
$400,090 $437,649
$11 015 300' common, $304,100; par of shares, $100 each. First pref. to
1 9 0 5 - 0 6 .:- - ________ 3.001,977
773,844
21,507
394,255
401.096
get 4 % then 2d pref. 5 % . then 2d. pref. and deferred share pro rata.
^rom surplus paid dividend of 6 % ($360,000) In
1906-07 against 5 %
D IV I D E N D .— On first pref. 1 % Aug. 1906; 1907, 2 % (F. A A . ) .
llie
($300,000) In 1905 -06 .— (V 85. p. 160. 722, 1395.)
dividend was postponed In Feb. 1908 pending merger negotiations. V .
N EW O RLEANS T E R M IN A L CO.— Owns extensive terminal property at
New Orleans and a belt railroad around the city, leased to the St. Louis «
S >B O N D S — The prior lien bonds can be Increased above $23,000,000 only
San Francisco and Southern R y. for 99 years from J u ly 11^ O ^ e n t a l c<over
(to refund. $ for $. Mexican Internat. R R . pr'or lien bonds, now $5,850,000
Ing all expenses of operations, maintenance a/\('
onn nut-ftandlne
The bonds of 1901 are secured by a 1st and 2d Hen respectively or
and St. Louis & San Francisco each own half of the $ 2 ,000,000 outstanding
all the property of the company now owned or provided for under the re
adjustment and the El Salto extension when constructed, and a so upon the
lffifif1 $^ , 5 (?0 ,o'ffi? 2 -year°6 %e no'tM!lguai^n 7ee^lay^w o
v >mj(? I1 p,S
securities of the Texas Mexican R y ., and the consol, m tge. has also a 1st lien
on si 5 786 100 of the $20,708,200 capital stock and all of the $4,499,000 In ^ ^ ^ ^ ^ D .^ C u ^ a n ? 0°See ^ S78Tp^C343l<l'447;'\L^''9^>p.^?466yV . 8 i ,*p. 155;
comes of Mexican Internat. O f the $25 440.000 consols Issued $ 1.059.000
V . 83, p. 272; V. 84, p. 508, 931,1)90; V. 8 6 , p. 721.
June 30 1907 were In treasury or pledged for gold notes of 1903.
O f the Mexican Internat. consol 4s, $6,501,000 are guaranteed, prin
cipal and Interest.
See that com pany’s statement: also V . 7 5 . p. 77.
4
G E N E R A L F IN A N C E S .— 1The $8,500,000] 5 % m otes; (extended In feet
1905 and 1907) are secured by deposit of £ 1 ,0 3 8 ,4 0 0 Interoceanlc R y.
York Day, iu.MoiiniL.1 , wivii
I n 1908
of Mexico second deb. stock, £ 1 ,2 5 1 ,8 3 0 ordinary and £102 ,00 0 < o $5,000,000, all owned by Pennsylvania lU i
(V . 8 6 , p. 920, 982.)
cum nref stock. $3,000,000 Mexican Internat. 1st consols (stamped guaransecure $6,000,000 bonds. V . 8 6 , p. 020. 982
___
?eed) a n d '$1 050,000 N at. R R . of M ex. 1st consols. The remaining $ 1 .5 0 0 .
000 notes were Issued Oct. 1 1907 on deposit of additional security.
Fresh'pond 5 im c ^ ffin ? ^ M a ^ h ^ t ^ ^ e a ^ ^ W ^ ^ e ^ ? s ^ a n d ) ^ ^ d ~ b r ^ c h M °t o
^ E A R N I N G S — 8 m o s .,1 1 9 0 7 -0 8 ..Gross, $10,720 ,416 ; net, $3,776,497
Bay Ridge and Grccnpolnt. 18 miles, of which 16 mllw double traeg.
July 1 to Feb. 29.
\1906-07 .G ross,
9.993,079; net,
3,638.062
Ahove figures are Mexican currency. See also V . 77, p. 1225.
A N N U A L R E P O R T .— Fiscal year now ends June 30. Report for year
ending Tune 30 1907 was In V . 85, p. 1140, 1153; see also ed it., p. 1116.
o
n
^
l
t
i
u
n
c
Ol l nol ' “ E A R N S Y E A R E N D . JU N E 30.P 19064)7.
1905-06.
1904-05.
ioo!
\
Gross earns'.'t Mexican* currency) 1111 $ 15,874,669 $14,039,303 $11,780,124
M IN C O mW
c COUNT
YEAR e n d
2,706 ,'627
J U N E c30_1907 (U. S. Currency).
MrnltKTd
2 ,861,416 Taxes, rentals, disc’ ts, & c. 135,369
Interest dfsc't & exchange.
3 9 ,6 3 7 lin t , on bonds and n o te s...2 ,4 3 5 .6 0 0
Interest on CbomlsXCnarl- - 299:960 Interest on loans ..................
30,000
Interest on s to c k s::'— —
408,041 |Plv. on pref. stock. 2 % . , . 576,658
Total .....................................3,177,627
Total ___________________ 3,609,054|
.......................................................... 431,427
Surplus for year—
_ _ _ _ _ _
- T. M.
n P iA p F R S — Pres " e ' n : Brown; V .- P ., D. P. Bennett: T reas., J.
Fr&ZCr*
razer nAmn
C oSp M
*,T M.'
lu Reynolds;
wpvnnms: nou.a
S e c.. k
A-v.. Arriaga. *IN.
• X
Y
. «. vuido
office,
■ uv
60 W
V &11
( V(\ . 8 5 F ____
1140, 1143,. 1151, 1646: V . 86, p. 53, 481, 548, 918.)
g t[ -—
‘ N E V A D A & C A L IF O R N IA R R .— V . 8 1 , p. 1242.
N R V * n A .£ A l IFO R NIA-O REGO N R Y — Reno, N e v ., to Madeline, Cal.
144 rniies^ extension proposed to Alturas, C al., 40 miles, of which Madeline
t o 4lik e fv ' 2(?mlles opened Oct. 1 1 9 0 7 , and 20 miles from Likely, to Alturas
5® he hunt inTndng Of roOS
The Sierra Valleys R R .. Plumas to MohawkC al., 37 miles, Is controlled,but operated Independently. V . 70, P- 2641
Stock, com m on, $1,450,000; preferred, $750 ,00 0, all out. Dividend on
preferred, Aug. 1906, 3 % ; Aug. 1907, 4 % .
v E A R N IN G S .— 8 m os., \ 1 9 0 7 -0 8 ................ Gross, $233,776, net, $118,266
Tulv 1 to Feb ’’ 9
(1906-07
___ Gross, 184,073; net, 108,485
Report for year 1906-07 was In V . 85, p. 1 2 0 7 .showing, gross. $267 ,305net, $148,108: other Income, $ 1 7 . 1 5 7 ;ln t m e s t , taxes, A c ., $45,125; re
newal fund. $31,135: dividend on pref ( 4 % ) , $30,000, balance, surplus
$59 005. Pres., D. C. Moran, 68 Vvllliam S t., N. Y .
(V. 8»>, p. 1207.)
N E W JE RSEY JUNCTION RR.— Terminal road through Jersey City,
Hoboken and Weehawken, about 5 miles. Leased for 100 years from June
so 1886 to N . Y . Central, which guarantees the bonds absolutely and owns
ijlOO.OOO stock. Connects with National Docks R y.
N E W JE RSEY A N E W YO R K R R .— See pago 170.
NPVV YO R K CENT. & H U D . R IV E R RR,NEW
Lines owned.
M i l.e ..
s.
.
-
u m r . u n d e r con tra ct IC o n .) —
S t . L a w r e n c e & A d ir o n d a c k * _
56
Now York to Buffalo..................
441 C h e r r y T r e e & D l x o n v l l l e _____
36
Branches
----------d0'J T r a c k a g e ..................................................
235
Proprietary lines----------.—
,
d
Lines leased. ( ‘ See this co.)
T o t a l In e a r n i n g s _________________ 3 , 7 8 2
W est S h o re *...................................
479
Controlled— Operated Separately.
Troy & Greenbush*------- --- —
“
Spuyten Duyvll & P t. M , * - - » L a k e S h o r e & M i c h . S o . * _____ _ 1 , 5 2 0
New York & H arlem *................
U ' M i c h i g a n C e n t r a l * . ............... ...............1 , 7 4 6
88
New Jersey J u n c t i o n * - - - - - - “ L a k e E . A llia n c e & W h e e lin g .
623
Rome W atertown & Ogden* - 624 N . Y , C h i c . & S t . L o u i s R R . *
L a k e E r i e & W e s t e r n * __________ 1
Mohawk & M a l o n e * -- -- --------Carthage & A d i r o n d a c k * .---46 N o r t h e r n O h i o * ____________________J 8 8 6
“ B i g F o u r ” S y s t e m * .........................2 , 3 3 4
Gouverneur & Oswegatchle . .
340
New York & Putnam *...............
“9 C h ic a g o In d ia n a & S o u t h e r n * _
248
Boston & A lba n y*.......................
“ 93 C i n c i n n a t i N o r t h e r n * ____________
D
u
n
k
i
r
k
A
l
l
.
V
a
l
.
&
P
i
t
t
s
.
*
.
91
New York & O tta w a * .----------138
191
Fall Brook R y ., & c .* --------------jJ i P i t t s . & L a k e E r i e s y s t e m * ____
R u t l a n d R R .........................................
468
Beech Creek R R .* ---------v :c --L i t t l e F a l l s & D o l g e v l l l e ................
19
Beech Creek Extension R R ..
55
etc,*
. . . ___ _________
160 C h i c a g o K a l a m a z o o & S a g i n a w
44
WaHkIlf Valley' " " r : . . ------33 D e t r o i t & C h a r l e v o i x ____________
95
Operated under contract—
. . I n d i a n a H a r b o r B e l t .....................
Terminal R y. of Buffalo* —
Total owned and controlled Jan. 1908 (338 miles 4-traolred)- - - - - 12.421
Also controls Lake Erie & Pittsburgh R y ., completed f ^ m Loraln. O
southeast to Berea. 13 miles, and to be extended to Cleveland and Youngs
town, making about 120 miles In all. V . 83, p. 1037
rontral road*
H IS T O R Y , A c .— Control of the Lake Shore and Michigan Central roads
was acquired In 18 9 8 , as stated below. V 71, n. 502. V . 78, n. 48.
in 1900 Vanderbilt Interests acquired a large block or O. & O . R y. stock.
V 70 d . 76, 125, 1049.
Holdings of Vanderbilt estate. V . 71, p. 1221.
Since 1906 the allied lines, with the exception of the N .Y . Cnicago
& S t. Louis, are known as th “ New York Central'* lines. V . 81. p. 1792
A pr ., 1908. J
R A IL W A Y
STO CKS
A N D
BO NDS.
93
R A IL W A Y
94
For explanation of column headings, &c.
on first page of tables.
M iles Date
of
of
Road. Bonds.
see notes
196
196
New Orl & N E— (Concl.) — Gen M.5 8 ,0 0 0 ,0 0 0 g - - F.c
Income mortgage (non-cum) $1,500,000 g o lu ..N .r
Equipment notes gold due $39,000 sem i-annually. New Orl Term— 1st M $15,000 ,000 gold gu ar.S ,c *& r
Notes guaranteed gold ------------ ■- - 7.7,7,- find V mh * ' n d
New York Bi>
First, mortgage $6,000,000 gold
<iP
N Y Bklyn & Manhattan Beach— Pref stock non-cum .
First cons M (now
M) gold guar by L I . . . C e . c
14
18
18
809
do
do
($ 2 1 , 5 5 0 , 000 ) Mich C
Debentures (V 69, p 1102: V 71, p 502, 964).
New York Central Lines
jx i,u u u ,(M /u
\ » u v , i / o w v , o - v , v jt'
N Y Chicago & St I.— 2d pref stock (5% non-cunt)
First preferred (5 % non-cum ulatlve)- .......... - - - - -
TM—i i l _____
1902
1902
1906
1903
1907
1908
1885
...
1897
1898
1898
1900
1904
1907
___
1907
___
505
...
c nlflncr fnnri nnf. drawn Ce.n*
E q u ip tru st “ B n gold $23,000 d u e y rly Feb 15.
E q u ip m e n t n o te s *20 0001 d u e se m i-a n n u a lly .
i
1
Preferred stock 14 % , 10 % guaranteed.- - - - - - - - Refunding M (now llrst) $12,000,000 gold . Q.c*i
N Y Lackawanna & Western— Stock guar 5 % (end.
First mortgage guar by Del Lack & Western F.
Construction mortgage guar by D L & W (end) -F .
Third M Term Imp ($5,000,000) guar p &1 (cnd ). P
New York Lake Erie & Western— See Erie R R .
N Y & Long Br— Gen M (now 1st) $2,500,000 g .-C e .c
New York New Haven & Hartford— Stock (see text) .
Debenture ($5,000,000 are 4s) non-convertible ^ r
)
Deb (for Cent N E & W ) g non-conv (V 78,
Debentures (for F H & W ) (V 78, p 2 3 3 5 ) ..
r
...
53
146
146
136
214
214
214
214
38
1887
1896
1900
1906
1896
1897
1880
1883
1890
1891
___ ’9 7 - ’01
1904
...
1904
1905
1906
—
Size, or
Amount
Par
Value. C
1 000 &c
100
100
1,000
1,000
20.000
100 &c
50
50
1,000 &c
100
1,000
1 000
1,000
* 3 h lV ID 8S — 8 ’ r’9 3 7 ’ 94. ’95. ’96-'9 8. ’ 99. 1900 to O c t .'06.
Since 1 8 9 2 .1 . % { 5
5 4 K 4 yearly. 4
5 yearly (Q -J).
07.
6
M In 19 0 2 - 03Vcontrol'of8 the Reading Co. was acquIred by Ba.lt. & Ohio
(Pennsylvania Interests) and Lake Snore. V . 71 , p. 101, V . 7 8 , p. 48.
1 In 1906 the Oregon Short Line (Union Pacific system) acquired $14,28o,74o
N-The M ohaw kValley Cm ,'with $2CM)6o,000 (formerly $10,000,000) author
ized stock 6 0 % being owned by N Y . Cent, and 4 0 % by the Central Rail.
act^^ed^ln**904°andei9Cffi^n<fludlng'sja,a cm etRapWr TrmisYt,eR ochM te? &
As w 'c o n U a ct of 1903 with Pennsylvania Beech Creek & Eastern Coal
C° .
j^an lT m F e b . 2 0 .
J1907...............Gross. 13,974,606; net. 2,220,642
VNirrAr R F P O R T .— Report for year ending Dec. 31 1907 was given
nt mnct ln V 8
7 90, 798. See also editorial, p . 763.
^
D
L IN E S . { 9 (Compare V . 8 6 . p. 8 5 0 .8 2 ^ .,
a
(Toss earnings*1...............
:
S
g
?
23,426,623
«
8
18.009,178
21:555:118 SSSftSSS
15,419,279
15,024,077
Qi.mlua
$2,542,385 $6,969,012 $4,508,662 . $2,872,788
vJl
T h V “ net.'income” as above is stated after adding to the operating
the several vears from $10,500,000 to $13,700,000 ( In 1907
xiR 645 396) for new equip and construction and after adding to net earns,
"oth er Income’^ amounting
$9,452,519 In 1904 and rising steadily to
''■ S W
» W
r o ™ C B VTBALM * H V D S O W B , VX R S & .
1904.
1907.
3,774
.3,515
.3,784
3,782
Miles operated..........
$92,089,769 $86,095,602 $78,57.3,208
22,450,82.3
25,827,81.3
24,594,851
Net e a r n in g s ___________ 22,565,726
6,468,736
6,523,500
7,707,742
O th er in c o m e ....................... 11.470.081
$36,535,551 $31,118,351 $28,919,559
Net income - .............
$7,579,312
$8,214,520
$8,223,557
Interest on debt - - -------- ^ ’259,569
9.479.955
9,501,170
9,508,499
0,632,266
Rentals leased lin e s.1 ,143,4.38
1 ,0 1 1 .557
78.3.14$
764,610
Taxes on stock----------2.617,014
2,924,594
2,726,021
2
,511,070
Taxes on real estate-
1,2.36,081
605,391
l .231,391
1,089,804
Miscellaneous - .......... .300,000
150,000
Reserved for debent s
5K )78.32885 5)6 ,6 1 2 ,5 0 0 (5)6.612,500
2,800,000
1,500,000
(T)
Im prvt. fund & equlpm
$18,25.3
$19,4.3.3
(?)
$66,538
B ala n ce____________
ppaq W m H Newman: unairmau,
m..
v
avoiviw.vw,
Browii i; V W . Rosslter, Alfred H . Sm ith, John Carstensen.
30.000
11.000
5.000
19.289.
72
120
3.000
1,500
8,656 ,050
1,343 ,950
12,000 ,000
10,000 ,000
12,000 ,000
5.000 ,000
5.000 ,000
5 g
5 In 1908
5 In 1908
4 g
5
4K
4 g
5 g
See text.
See text.
3H g
5
6
5
4
Where Payable, and by
Whom.
& J
g (If e
& O
& J
& O & .1
& o
& o
J— J
& J
& A
& A
& J
& N
& A
M & N
March
March
A & O
F & A 15
& D
J
M & N
M & N
See text.
See text.
M & N
Del
Q— J
J
& J
F &
M & N
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Lack & W est,
do
do
do
do
do
do
Bonds— Princi
pal. When Due.
Stocks— Last
Dividend.
Jan 1 1952
July 1 1952
O ct ’ 08-A p r ’ 13
July 1 1053
Apr 10 1009
Jail 1 1948
Apr ’08 2 K %
O ct 1 1935
A p r l5 ‘ 08 I K %
1997
July
1098
Feb
1998
Feb
2000
July
1934
May
1910
Feb
N Y Nov 1908-22
Mar 2 1908 5 %
Mar 2 1908 5 %
Oct 1 1937
Yearly to 1911
To Deo 31 1910
May 1 1931
May 1 1946
Apr 1 1908 2 %
Apr 1 1008 2 %
May 1 2000
N Y Apr 1 ’08 I K %
Jan 1 1921
Aug 1 1923
May 1 1923
& S Liberty N at Bank, N Y Sept 1
- M 30 Co’s Office, New Haven Mch 31
& S Lincoln N at Bank, N Y Mar 1
Feb 1
do
do
Second N at. B k ., N H April 1
Lincoln N at Bank, N Y July 1
Second N at Bank. N H Jan 1
1941
1908 2 %
1047
1914
1954
1955
1956
Chas. F . Daly and Ira Place; Treas.. E . L. Rossi ter; Sec., Dwight W .
Pardee. Directors (April 1907), W . K . Vanderbilt, F . W . Vanderbilt, C. M.
Depew, S. F. Barger. J. Plerpont Morgan, William Rockefeller, Hamilton
vfcK 1 w om blv. \Villiam H . New m an, Charles C. Clarke, D. O. Mills, Geo,
F Baker Geome S . Bowdofn and Jas. Stillm an.— (V . 86, p 920, 982.)
The New York Central Lines equipment trust of 1907 ($30,000,000 auth.
Issue) mature $2,000,000 yearly to N ov. 1922.
They will cover engines,
passenger cars and freight cars to be used b y . various lines of the system,
which Jointly and severally agree to pay prl n
7
n
^
e]uPnaro2n
for N. Y . Cent, and Lake Sh. V . 85, p. 1402, V . 86, p. 168, 798, 800, 920.
1908
Below
food)
S
When
Payable
lo’o
B O N D S '__ Ref mortgage Is for $100 ,00 0,00 0, of which $73,346,000 was
Issued to retire $70,3771000 old bonds and $11,654,000 for general purposes;
rmna 1nder°($K>3)00
Is reserved for new in s tr u c tio n . of vyhich $4,000,non a limit to he Issued In April 1908.
V . 77, p. 452, V. 8b, p. 982.
1 Collateral trust 3 K s of 1898 are secured by deposit of stock of the Lake
Sho?e & Michigan Southern and Michigan Central R R s. at the rate of $100
nf ? % a M S stock for each $200 of bonds and $100 of Mich. Cent, stock
for each $ 1 1 5 of bonds outstanding. The total authorized Issues of 3 K s
are $ 10 0 000.000 for Lake Shore and $21,550,000 for Michigan Central.
V 60 n ' 288. 336, 760, 8 11.
in iQna’ son nno 000 4 % debentures were authorized, of which $ 3 0 ,0 0 0 ,
000 were sold and remaining $20,000,000 about to be Issued April 1908.
Thev are to be secured by any new m tge., but existing mtges. may be ex
tended
V 78 p. 1907, 1962, 2384; V . 79, p. 1335, 2148; V . 86, p. 982.
As to eaulpment trust of 1907, see “ New York Central Lines” below.
G U A R A N T I E S .— The company guarantees the securities of Its leased
linM tn a considerable aggregate— see separate statement for each company
marked with a • In the table of mileage preceding. It also guarantees
Western Transit Co. 3 Mis for $1,000,000 due February 1923
G E N E R A L F IN A N C E S .— The refunding of old bonds was completed In
19 0 5 • annual saving In interest charges about $1,475,000. V . 7 5 , p. 1148
V 76’ p 159; V . 80, p. 31.
In June 1903 various roads controlled by the
Vanderbilt, Morgan and Pennsylvania Interests purchased $6,924,200 of
the $11,000 ,000 Hocking Valley R y. com. stock. See that com panv.
In Jan 1907 the dividend rate was raised from 5 to 6 % (but again reduced
to 5 % in April 1908), and the dividend rates on the Lake Shore and the
Michigan Central from 8 to 1 2 % and 4 to 6 % respectively, Increasing the
Income of the Central from Its holdings of the stocks of the two companies
$2 147 754 yearly. Jan. 1908 2 % extra was paid on Lake Shore & Mich.
Central stocks.
V. 88, p. 1411; V. 85, p. 1577.
In Jan. 1907 $25,000,000 3-year 5 % notes, also $15,000,000 Lake Shore
and $10,000,000 Michigan Central were sold. V . 84, p. 271, 394.
In April 1908 permission was glvi n to Issue $4,000,000 3 'A % 1st mtge.
bonds and the remaining $20,000,000 4 % debenture bonds of the Issue auth.
S
Rate
%
1,891,000 4 g & 5 g
1,000
8 In 1907
100 See te x t.
10,000,000 3 H & 4
5,000,000
4 g
500 &c 10.000,000
3H
4
15,000,000
3H
&c 29.097,300
^ <^ockhoiders’<ln01906^u'b^cr?be?l°at oar for $29,839 ,560 new stock,the pro
ceeds to be used for im provements, rolling s t o c k e d term lnallm provem ents
In New York, raising the am ount outstanding to 5178,6.52,000.
v.
Dividends
[VOL. LXXXVI.
BONDS
$5,482,000
4K g J
1 500,000 Up t o 4 K
390.000
4K g 1°
J
4 g
10,000,000
A
2.500.000
0 S
.)
4 g
3,8-10,0011
A
5
650.000
A
5 g
1.726.000
See text.
78,632,01
3K g J
See text
90,578,400
3K g F
19,336,445
3K g F
5.500.000
3H g J
M
4 g
See text
F
5
25,000,000
$1,000
1,000
1,000
1,000 &c
1,000
1 ,000 &c
100
1,000
100
1,000 &c
1,000 &c
1,000 &C
1 bond
1,000 &C
1,000 &c
N Y C EN TR AL & H UDSON R IV E R R R,— (Concluded.)
Option was extended front Dec. 31 1907 on conuolllng Interest In New
York Ontario & W estern stock held by the New York New Haven & H art
ford, viz.: $ 2 9 , 160,000 of the $ 5 8 , 118 ,9 8 2 common and *2,200 of the
$4,000 preferred stock. V . 84, p. 1428: V. 8.>, p. 4 0 , v . s a , p. 2z9
S T O C K .— Dlvs. on stock reg. In London are payable at 49 H d . to the $.
Stockholders voted April 18 1906 to Increase the limit of authorized stock
r
AND
I N T E R E S T OR D I V I D E N D S .
R A IL R O A D S .
T flin t, p n iL
STO CKS
<5T n p if l _ i ake Shore & Michigan Southern owns $6,240,000 common
*6 27? o o o '^ d preferred and $2,503,000 1st preferred stock. After 5 %
dividends on the $ 1 4 ,000,000 com m on, all classes of stock share alike.
1 tDIrV (March')° 3' ° 44 9 o‘ ° 85 '° o ‘ ° 2' ° o‘ °°5‘ ° 5 ’ °5 yearly!
5
t
in PrVt(M
I --- 2
3 yearly.
4
5
K n V — Annual'sinking fund for first mortgage bonds $100,000 so long
the bonds can be bought at or below 102; the amount outstanding has
thtis heen decreased from $20,000,000 to that shown In table above. See
mnrteare abstract V . 4 5 p. 541. In March 1906 $ 10.000.000 debenture 4s
° e lo fd ftm equipm ent, & c .. but only $3,000,000 Issued. V . 82, p. 696
F A R N I N G S — 2 m o s ., 1 1 9 0 8 ---------------G ross, $ 1 ,5 8 2 ,0 0 9 ; n e t, $240,407
Tan 1 to Feb 29.
J1907_________ Gross,
1,624,612; net.
291,102
R F P O R T __ Report for 1907 was In “ Chronicle” April 25. Principally a
freight Bne. freight In 1907 contributing $8 645,617 out of *8.350,148
Y e a r e n d . Dec. 31—
1907.
1906.
lUOo.
1904.
$9,902,209
$9,108,7.80
$8,645,374
Gross earnings---------------- ■$10,465,671
7,227,581
7,173,227
6,753,607
6,422,142
O p e ra tin g e x p e n s e s . - - 893,584
537,341
632,889
674,467
A d d ltlo n s a n d b e tte rm ts
Other Income.
$2,398,860
19,213
$2,041,739
47,807
$1,817,782
30,716
$1,548,764
35,156
Equip, trust ch arges.- Dividend on 1st p r e f - .Dlvldend on 2d p r e f - - Slnk, fund and m lsc e ll..
$2,418,073
$868,467
1 17,034
(5)250,000
(4)550,000
131,543
$2,089,546
$776,720
166,105
(5)250,000
(4)440,000
59,019
$1,848,498
$777,000
170,057
(5)250,000
(3)3.30,000
31,078
$1,583,920
$777,000
172,460
(5)250,000
(3)3.30,000
15,544
$501,030
$397,702
$290,363
$38,917
Balance, surp lu s.- - - Pres W m . H. Cannlfl'.— (V . 84, p. 1402; V. 86, p. 282, 286.)
N F W YORK & GREENWOOD LAKE RY.— (See M a p o f E r ie R R .) —
Owns from Tersey C ity, N. J .. to Greenwood Lake, 39 m ., and branches to
R ngwoo™ & c ? .8 m .; W atchung R y .. Forest Hill to Orange, N . J ., 4m .;
to tT o w n e d 51 miles. vStock, $100,000: par. $50.
I F A S E — On May 1 1896 was leased to the Erlo R R . for 999 years from
>fa w i Ns 96
Prior Hen bonds are guaranteed, principal and Interest, by
Erie. See V . 63, p. 513; form of guaranty, V . 65, p. 463.
n p w YO R K & HARLEA1 R R .— {See N. Y. Cent. * H ud. R i v . R R . ) —
Owns N Y City to Chatham, N . Y . , 130 ra. Also owns 4th Ave. S t. R R
r f A 3 F — The property (except the street railroad) was leased April 1
18 7 3 for 4 (il vears to the N. Y . Cent. & Hud. R lv. R R . for Interest on bonds
and dividends at rate of 8 % yearly, since Increased to 10 % through refundfn^ of bonds payable Jan. and July. V . 7 0 . p. 7 4 0 ,1 0 4 9 ; V . 7 1 , p. 2 9 .1 2 2 0 ;
v s j n
i 50 P The street railway was leased In July 1896 to Met. Street
R v On for 999 vears; rental Is $400,000 yearly, equal to 4 % per annum on
s?ock payalde Apr and Oct. V . 62. p. 1 0 8 8 ,- ( V . 8 0 . p. 1424; V . 84, p.150.)
n f w YORK LACKAWANNA & WESTERN RY.— Binghamton to Buf
falo and Internat. Bridge and branches, 214 m ., of which the main line, 213
m Is double track D . L. & W . has a lease for duration of charter from Oct.
1 88? Fivlnir a guaranty of the bonds and 5 % yearly on the stock. See form
of guaranty of term ing bonds In V . 67. p. 1357; see also V . 6 8 . p. 283.
N FW YORK & LONd BRANCH RR.— Perth Am boy to Bay Head, N . J ..
38 miles
Leased In 1888 for 99 years to Penn. R R . and C ent.R R . of N . J .,
which Jointly and severally guarantee Interest and 7 % on $2,000,000 stock
all owned by Cent. R R . of N. J .— (V . 72, p. 438.)
NFW YORK NEW HAVEN & HARTFORD RR.— Covers Southern New
England and the only direct routes between New York and Boston.
Lines Owned in Fee—
M iles.
T, n „ * tr,nrt
Leased
{part Owned) —
M iles.
Old Colony R R . (which s e e ) . . . 619
Junction near N . Y . City to
Lines Leased—
Springfield, M a s s . . . . . .......... - 124
Providence and W orcester______
48
Boston, M ass., to Hopewell
Norw. & Worcester (which see)
73
J e t.
N . Y _____________________________ 2 1 4
Other
lines...................................
402
Lines to Providence, Pittsfield,
54
Litchfield, &c________________ 348 Trackage to N . Y . City, & c____
Leased and Controlled—
L1ToStal°operated8Ju ly*1907°(91*m • *J®s tour and 757 m . two tracks). . . - 2 ,060
In March 1907 merger of New England R R . was authorized. V . 84 p.
626. An arrangement for trackage Into Albany over the Boston <& Albany
was made In Juno 1907. V . 84, p. 1428; V. 8,>, p. 41.
In Oct. 1905 the New Haven & Derby, the Danbury & Norwalk, the
Providence & Springfield and other controlled roads were merged. V.. 8 1 .
p. 1315. The stockholders of the Naugatuck R R
on Jan. 18 1808
voted to sell the road; thoso of the Boston & New York Air Line on Jan. 23
1907
V 82. p. 281, 451, 1213; V . 83, p. 970; V . 84, p. 221.
In Juno 1907 an amount of Boston & Maine stock (*10.094,800)i wasi ex
changed, share for share, for New Haven stock, but acquisition of additional
stock ceased on passage of the "anti-m erger A c t ,” preventingconsoldatlon
prior to July 1 1908. V . 84, p. 1367; V . 85, p. 41, 160. 723. 859, 1519,
V . 86, p. 721.
A pii.. 1908. |
R A IL W A Y
STO CK
AND
BO NDS.
R A IL R O A D S .
For explanation of column headings, A c.
on first page of tables.
M iles Date
of
of
Road. Bonds.
see notes
N Y New H av & H— (Con.) — Debentures not convert.
Debentures 145,000,000 francs ( 5 2 9 ,0 0 0 ,0 0 0 ).............
Debentures $39,029,000 gold conv (text)_____ c*&r
N Y Prov A Boston gen M (now 1st) gold assum.c&r
Shore Line 1st M New Haven to New London assum
Housatonlc old consolidated mortgage (assumed).
New consol M ($3,000,000) gold (assum ed)_F.c*
N Eng cons (now 1st) M $7,500,000 5s g iru ..M a .c ‘
N Y & N E Boston Term 1st M $ 1 ,5 0 0 ,0 0 0 . AB.c&r
New Haven A Derby consolidated m ortgage.
c*
Providence A Springfield 1st M gold a s s u m e d '"c *
Danbury & Norwallt cons M ($100,000 are 6s)
c*
General M Danbury, Conn, to W ilson Point, & c c *
First ref M (V .8 2 . p . 210) gold a ssu m e d .. c*’&r
H R & Por 2d (now 1st) guar (V 56, p 813)
P.c&r
Harlem R lv A Port 1st M gold $ 1 5 ,0 0 0 ,0 0 0 -U s.o*& r
Woonsocket A Pascoag 1st M gold assumed
Naugatuck first mortgage gold assumed
" c ’ &r
*
Debentures__________________
Boston & N Y Air Line new M $5,666.000' (assumed)
Providence Term 1st M $7,500,000 g a ssu m e d .,c »&r
Consolidated R y debentures
Providence Sec Co deb $19,9"10,000" g ’gu V & 1
NewJEng Inv & S pf stk 4 % cu $ 1 0,000 ,000 .red 'i05
Conn R y A Ltg 1st & ref M $15,000,000 g s f .-T a .c *
B on d so f electric roads merged ($4,423,000 are 5s)
Other bds of elec rds leased or contr (See " S t RySec”
?r0?rd^ ° I st.ea,T s,f! '?- & c- cos controlled.......... ..
N Y N H A H itR coupon notes
"
Bonds of Leading Proprietary. Etc.', *Line's: ..........
New H av & Northampton (compare V 82 o 1323)
Northern Extension bonds
1
W leased mortgage $266,000 guar l ie *
Old Colony— See that com pany.
Size, or
Par
Amount
Value. Outstanding
IN T E R E S T OR D I V I D E N D S .
Rate
%
When
Payable.
Where Payable, and by
Whom.
Bonds— P rin ci
pal, When D ue
Stocks— Last
Dividend.
1906
$15,000,000
4
M & N Lincoln Nat Bank, N Y May 1 1956
1907 500 frs&c 27.985.000
4
A & O Paris, London, &c.
April 1 1922
1908
100 &c
See text
J & J 15
6
g
Jan 15 1948
62 1892
1,000
1.000,000
A & O N H Savings Bank
4 g
April 1 1942
49 1880 1,000 &c
200,000
M & 8 N at N H B k, New Haven Mar 1 1916
4«
90 1880
500 &c
100,000
4
A & O New H aven, Conn
April 1 1910
90 1887
1,000
2 .839.000
M & N Farmers’ L & Tr Co, N Y Nov 1 1937
5 g
359 1895
1,000 17.500.000
g & 5 g .J A
J
July 1 1945
1889
1,000
1,500 000
4
A & O
April 1 1939
*13 1888
1,000
575.000
5
M & N
May 1 1&18
28 1892
1,000
750.000
.1 & .T Lincoln N at Bank, N Y July 1 1922
5 g
36 1880
1,000
500.000
5 &6 J
A
J
July
1 1920
36 1883
1,000
150.000
5
A & O
do
do
April 1 1925
36 1905
350.000
J
& D
4 g
do
do
June 1 1955
12 1881
1,000
235.000
4
J
& D
June 1 1911
1904 1.000 &c 11.058.000
M A N
4 g
May
1954
1890
1,000
100.000
5
A A O
Oct
1910
1904 1.000 &c
2.496.000
M A N
4 g
May
1954
1902
234.000
A A O
3)4
Oct
1930
1905
1,000
1.675.000
4 g
V A A
N H Aug
1955
1906 1.000 &c
4 .0 0 0 . 000
4 g
M A
S
do
do
Mar
1956
See text.
1907
1.000 19.898.000
4 g
N New
.
York & New Haven May 1 1957
100
4 .0 0 0 . 000
4
J
A
J
Jan 1908 2 %
1901
1,000 12,491.378
A
4)4 g J
J Trust
'
Co of A m er, N Y Jan 1 1951
Var
9.080.000
4 ) 4 . 5 Various
1912 to 1951
Var
21,729.700
to 6
Various
1914 to 1932
Var
2.883.000
4 .5 & 6 Various
1912 to 1934
See text.
N «^ °Y M k non«?rinV * rCw ter flrst ™ortKage currency-.
"
w ' Ve,tern— Common stock_____
Refunding (flrst) M $20,000 ,000 gold.............Me.c*&r Text.
Gen mortgage $12,000,000 gold red l'lb (see text) N
1879
1881
1891
1,000
1,000
1,000
1.117.000
700.000
200.000
1,000
100
1892
1905
1 .0 0 0 & C
1.500.000
58,113,982
20,000,000
3.566.000
1,000
1904 $29,160,000 of the $58,118,982 N . Y . Ont. A W est com
LMv?ng^cL1sqt
o ra
m h ^ * n 5 mines.
PC,r * 1 0 0V»hare
$2,200
giving access to
anthracite
. 79, and
p. 2086
’ 6 4of
9 •the
V $4,000‘
so n pref.
v ! * 8 5 ” p ? 4 L ' l 6 0 ‘ ; V ^ ' s e ? p ° 2 2 9 ? ‘ S 8 t ° Ck W “
95
S B .
•
1007 Permission was given for purchase by Old Colony of Boston
& Earlvdlnnfo o 4 3!.Prelilml1nary *? accl ulalt|on of former by the New Haven.
V S ? . W CU a T V 85°. r r o o ! ' V 1.0 S5Wp.h858e N Y ' N ' H & H ’
Co
In Oct. 1906 acquired co’ntrol of Hartford & New York Trans
C o., which absorbed the U. S. Transportation Co.
In March I907 nurchased one-half of the stock of the Merchants’ A Miners’ Transportation
C °-* which acquired the Boston & Philadelphia S. S. Co V 83 d 890
V. 84, p. 221, 2 7 1 ,3 9 1 ,5 7 1 ,0 2 6 , 749; V. 85, p. 858; V 80 p 721
P‘
On M ay 31 1907 the Consolidated R y ., a consolidation of various con
trolled electric railways In Connecticut and Massachusetts, aggregating
about 700 miles of track, purchased the property of the New England
Navigation t o . , owning the f a ll River and other steamship lines; Its capital
stock, as then increased from $10,000 ,000 to $ 3 0,000 ,000 , was exchanged
by the N . Y . N . H . & H . R R ., as owner thereof, for Its own stock to an
equal par value which, going Intothe treasuryof the railroad, was available
for general purposes. V . 84, p; 1052, 1114, 1242, 1308, 1424; V .8 5 ,p 859.
ivr
i«m2 8o °* ,<? company s Mass, trolley roads were transferred to the
n e0 ftEssna 40 ^ esiIir^^tLn r,Il\ye ot,ment G o - a vtriuntary association.
(V . 83,
p. 96, 380, 492, 811, 1099; V . 84, p. 103, 1052.)
In Dec. 1906 the Consol
n i 5 2 t Gv n2 5 CUCu^ ? f llw* Y *5 Lighting C o., operating 193 miles,
m 'J ;'
P*
Also In Dec. 1906 acquired control of the
Rhode Island Securities C o., controlling the street railways ( 3 1 1 miles)
Provldencc^e!? 4 ^ /* properties of Providence and vicinity, $19,898,000
Providence Sec. 4 % debentures being guaranteed, principal and Interest.
In 19 0 7
U i 4; X - 8? / P- 8 58- See "Street Railw ay” Section.
Pnrtchn.°tlr ? n
? f tho ,N - Yr Westchester A Boston and New York &
ral*roada> projected electric roads between 177th S t., N Y
aaiL AL ^ X e.rn° n was acquired. V . 85, p. 1143; V . 80, p. 108. 169.’
C A P IT A L ST O C K . Authorized Issue unlimited. Outstanding, see
table.
D IV I D E N D S .—
1873-1893.
1894.
1895 to Mch. ’08 (Inclusive)
Per cent.
10 yearly.
9
8 (2 % quarterly).
B O N D S .— Harlem River A Portch. D lv. 4s of 1904 ($15 000 000 anth )
reserved601 V . 8 5 ?'“p. ‘ m V 1101^ retlred ln 1907) ’ for which a lik e am ou ntis
There are $25,000 Colchester R R . flrst 7s due July 1 1907
Under lcns«
assumed debt of Old Colony.
Bills payable Dec. 31 1907, $ 1 ,8 1 0 1 5 4
Stockholders of record Dec. 31 1905 subscribed at par, payable 2 5 % ekeh
Jan. 1 1900 Oct 1 1906, July 1 1907 and April 1 19(?8. o f optionally ln full
on any of said dates, for $29,997 300 of 3 ) 4 % coupon debenture certificates
convertible at a par of $150 for $100 stock between Jan. 1 1911 and Jan l
1916, the proceeds to be used for Improvements authorized and contentp !a976,Tol39 149U3r;CV .S840i p ^ o T o o T SUCUlltlcS of controlled roads
V 81.
,1907 145.6op.bo6 francs ($29,000,000) 4 % 15-year debentures
with a fixed rate In marks and £ were sold. V . 84, p. 3 9 1 ,4 5 0 508 804 931
6 3 ^ ? * T g ? i S g V O8 ^ d896(f 7
8 i500° ' 000 aUth0riZed>’ s e e V 82 p . '^ o i
Stockholders ln Dec. 1907 subscribed pro rata for $39,029 600 6 %
40-year debentures at par, convertible Into stock after Jan. 15 1923 at
Par. Subscriptions are payable 2 5 % each 6 months beginning I-in 15
1908, or optionally In full at any time. Holders of convertible 3
'd e
bentures of 1906 had the right to subscribe for a part of the 6 % debentures
end m ay subscribe also for future stock Issues. The debentures are to be
secured by any mortgage hereafter created covering the main lines between
W oodlawn, New York City, and Springfield. Mass?, or New H aven .C on n
and Providence, R . I. V . 85, p. 1270, 1339, 1402, 1647
In Jan 1908
Between $^0,000,000 and $25,000,000 were reported as being paid In
6
5
4
A
A
A
A
A
A
O 1
O
O
do
do
do
do
April 1 1903
April 1 1911
April 1 1911
4
A A O R
F I Hosp & Tr Co, Prov Oct 1 1947
text. See text. .
July 29 ’07 2
4 g
M A
8 f
June 1 1912
4 g
A D
do
do
June 1 1953
A N N U A L R E P O R T .— Report for 1906-07 in V . 85, p. 858
Year ending June 2 Q.
1907.
1906.
1905.
1904
Miles o p e r a t e d .................
2,060
2,057
2,088
2 031
Passenger earnings-------- $26,758,929 $25,252,124 $24,146 ,454 $ 2 3 ,4 2 5 1 7 3
27,247,118 25,341 855 24 4 13 5 4 1
Freight earnings.............. 28,386,704
M iscellaneous.................
456,303
485,080
493 638
444 19 5
Gross earnings . . , . . . $ 5 5 , 6 0 1 , 9 3 6 $52,984,322 $49,981 ,947 $48 282 909
Net earnings---------- * ...$ 1 7 ,7 5 1 ,8 5 5 $17,761 ,736 $14,148 ,924 $13 123 698
Net earnings, street r y s . 3 ,615,900
Net earnings, SS. lin e s ..
635.127
...............
.............
.............
Other In co m e ....................
2,077,874
2,175,757
1,223*452
906,436
Interest M b S ” ! '. 1 1 1 $ l ’ ? 3 2 7 4 3
’
’
Other Interest_________ /
R e n ta ls ................................
5 .604.846
Taxes _________________
3 592 236
6 ’, 904’, 988
Dividends ( 8 % ) ...............
Im prov’ts & betterm ’t s .
Insurance fund_________
M iscellaneous....................
257^889
,*1.5.372.376 $14,030 ,134
$3,005,7931 $1,432,473
$779,667
435,385
279,993
3,935,594
4 ,136,843
4 ,420,283
2,810,729
2.659,624
2 ,455,434
6 ,467,092
6 ,400,000
6 ,006,448
3 ,000,000
326,998
____________
Balance, surplus.......... $1,988,054
$391,287
$308 051
satT-mo
O F F IC E R S .— Pres., Chas. S. Mellen, New H aven; S e c.,’ John G. P arker
T reas., Augustus S. M ay, New Haven. Conn.
.
u . rarxer,
Directors.— W illiam Skinner, H olyoke, M ass.: Jas. S. Elton. W aterburv
N eT , H aYen. Conn.; J. Plerpont Morgan, W illiam
Rockefeller, H . M cK . Tw om bly, George McC. Miller, New York; D Newton
Barney, Farmington, Conn.; Am ory A . Lawrenceand Nathaniel Thaver
Boston; R - W . T a ft, Providence; C. F. Brooker. Ansonla, Conn.; I. De v ’
Bridgeport; Jamas McCrea, Philadelphia, P a.; James S. Hem ing
w ay, Geo. J. Brush, Fredk. F . Brewster, A . Heaton Robertson, J G
I arker, E . D. Robbins, A . S. M ay, New Haven; Frank W . Cheney, South
Manchester; Edwin Mliner, Moosup, Conn.; John H . W h'ttem ore Nauga-
LakeY6 nU H o:ateS fr° m Weehawken~
Road
Controlled, A c . —
M iles.
Pecksport, Conn, (leased). .
4
Ontario, Carb. & S. (leased)
Cadosla, N . Y . , to Scranton.Pa. 54
Rome & Clinton (leased).
*13
Utica Clinton & Bing, (le a s e d ).. » 3 l
Total
owned_______
3 19 W harton Valley downed)________
7
Trackage (till 2079) W .Shore R R .:
Ellenvllle & Kingston (le a se d )..
27
C’nwall to W ’ ken ( V . 6 1 ,p.425)
53 Port Jervis Mont. & Summltville
• See this company.
(owned and le a se d )._________
33
oPPoklt'e YN .RY . C U y f Ro % ^ o . SJn
Road Owned—
M iles.
Oswego to Cornwall,N . Y _____ 272
Branch to New B erlin ___________
22
do
to D e lh i _______________I
17
do
to Ellenvllle __________
8
Total operated July 1 1907.................................................
TTJT
GctC. 1904
Y'
* H- R R - acquired $29,160 ,000
Pe„r share and $2,200 of the $4,000 pref. V . 79. p. 2086,
R ite ’r R n 80,
1363, ? 458; 7 ’ 81 • P- i f 4 4 - The N . Y . Cent. & Hudson
D ie
s f ?9 0 7 P
V . 84. m lT 2 6 T v y 8S6 OCpk ’ 229?'aS
W&S CXtended fro m
®53 '1t17*982 (par, $100), of which $4,000 Is old pref.
Jan. 05, 3 % ; July. l ) * % ; ’0 6 a n d ’0 7 ,2 % each.
^W i n d i n g mtge. for $20,000,000 covers 319 miles of road
owned, all the securities of the Ont. Carb. & Scran. R y ., 54 miles and all
ftT h ' . X ^ d
a V ' 7 2 • P- 87: v - 78- P- 2012; V . 8 0 . p. 6 5 1 .'
nnfToon1^ 11^ Id e rs voted on N ov. 7 1904 to authorize a new m tge. for $ 12,
000,000 to provide funds for capital requirements, under which $3,800 000
3
Vedn ?ndrthe £ema' nder w‘n be reserved for future needs.' A
; l %r„di i donC
d (ca'l n ^ Jor about $1,740,000) was paid on the com m on rtock
In Jan. 1905, vesting in the shareholders directly the right to elect the en
tire board of directors. V . 79. p. 977 to 980, 1332, 1462; V . 8 0 . p 872
fnrf,HH?n1A9n°«7 ,Permlsslon waa granted to Issue $1,948,000 additlonal'bonds
V 8 4 dp 1488mPr° VementS an<1 equ,pm ent' of which $1,300,000 were sold.
- -
Outstanding Debentures Issued A Assumed by the Company as of June 30 1907.
Outstanding.
M aturity.
Outstand'g M aturity.
Convertible Debentures—
....................
250,000 D ec.24’08
3 ) 4 % 1 9 0 6 ..$ 1 3 ,0 1 0 ,9 0 0 Jan. 1’56
r
the calendar yeer 1899 the coal properties at Scranton. P a ., of th e
....................
450,000 D ec.29’08
do warrants 16.989,100 Jan. 1'50 5 %
n‘nnr tAn^ ®teel Go- Rhe capacity of the collieries then open being about
500,000 D ec.31’08
Non-convertible—
Notes, A c ., Dated 1907—
b Y the Scranton Coal C o., aided
5,000,000 Feb. 1 ’ 14 24%
1904---loans from the N . Y . O. & W ., the latter Issuing Its $2,500,000 5 % notes
year 5 % . . . 1,500,000 Jan. by
9 ’09
4%
1897---5,000,000 Mch. 1 ’47 3to $975,000 Aug. 1 1907), extending over a period of years eeyear 5 % . . . 3.500,000 Jan. (reduced
9'10
3)4 % 1 9 0 1 ..
5,000,000 Mch. 1 ’47 3year 5 %
50,000
Jan .10’
10dnno h « V m t?e' onJ ,he coal 5 r°Perty, and loaning $1,475,000 (of which
* 305
3) 4 % 1 9 0 4 .. 10,000,000 April 1’54 4has been repaid) secured by a 2d m tge., the O. & W . obtaining conyear 5 %
2,150,000 Jan. $305,000
9 ’ 11
4%
1905___ 15,000,000 July 1’55 5 year 5 % . . . 300,000
Jan. traTn
1’ 12 VA,?nV^At 0 n,n5 Ke,- y - 6 8 -P - 4 1 . 429; V . 69. p. 604. 646; V 8 l7 p “ 1792
4%
1900___ 15,000,000 May 1’56 5-year 5 % —
6,400,000 Jan. 9 ’ 12
oiitnu?nf ‘^nnn
lndePendent anthracite properties with a m aximum
2-Yea r Notes Dated 1906—
European 4 % 27,985,000 April 1’22
rn tPthe n -2 ’ v
lann.uall,y were merged as the Elk Hill Coal & Iron
4 ) 4 % ...............
600,000 O ct. 20’08
Debentures Assumed—
secured0 hv' t h i
-LtS, ! 3 .500_.00q 5 % s. f . first lien gold notes
5 R % ...............
1,250,000 N o v .1 5 ’08 Naugatuck R R .
5 % ....................
500,000 N o v .1 5 ’08
3 ) 4 % 1902
2,000,000 Oct. 1'30
000
5 H % ..............
100,000 N o v .19’08
(Including $1,766,000 ln treasury.)
5 % ....................
2 , 000,000 N o v .2 2 ’08 H artf’d S t.R y .
>»*k )
T ii-S k Hiii fK ’a r s a y i S ! s s j
5 % ..
500.000 N o v .2 7 ’08
4) 4 % “ N ” .
145,000 Jan. 1’30
5 % ------370.000 Dec. 1’08
TTmhAAi^A?P(any,’s c 1 al tonnage is derived ‘as follows, ociam on ana r,i*
4% ' M —
165,000 Jan. 1’30
5 % ....
300.000 Dec. 5 ’08 C o n s .R y .( s c c V .8 4 ,p . l l l 4 ) —
e?
above stated), total m aximum capacity, 2,700,000 tons:
5 % ------200.000 Dec. 7 ’08
4 % 1 9 0 4 .. 4,354,000 July 1’ 54
Ot& f f l e S S 8, - 3 P0 ’ 2 0° : P h e n e s . 800.000 tons P
E A R N IN G S .— For 8 months ending Feb. 29:
oh V o50,000 D cc.11’08
4 % 1 9 0 5 ..
2.350.000
Jan.
1’55
ii % —
400.000 D ec.11’08
4 % 1 9 0 5 ..
1.341.000 April 1’55
ianJrM hS~
t rG/,° r SAna
NgtCharges:
B al., Sur.
5%
400.000 D ec.14’08
4 % 1 9 0 6 ..
1nnfi-07 .........................51.628,441
$658,852
$969,589
2.108.000 Jan. 1’56
5%
250.000 __________
D ec.21’08
3 - 3 H - 4 % ’05 1,000,000 Feb. 1'30
5 % .................
$200,000 D ec.22’08
E A R N IN G S .— For 6 months ending Dec. 3 1 .
6 mos.—
Cross.
Net.
Other Income, Charges.
B a l., Sur.
Year ending June 30—
190 7
1907.............$29,511,113 $9,100,344 $4,472,476
1906.
1905.
$9,346,795
$4,226,024
Gross earnings__________________________ $8 202 361
1906............. 28,326.928 10,422,355 1,122,268
$ 7 ,2 6 6 ,0 5 8
$ 7 ,0 9 0 ,8 8 8
Operating expenses and taxes_________ 5,644,346
Ljvide'nds for 6 mo's”. In
’(*4%) call f o r l l 370°,M o,'leaving4 a deficit
5 ,2 3 3 ,2 8 7
6 .0 5 0 ,7 4 8
of $153,315.
f°r li,7°” w™ given’lnV 85.’ p4MC.
2°sh.97S toJSln^’°*9057-b63,1*5'807 t0nS (°Ut °f 5-308’066 tons). against
Too7
B a l a n c e , n e t e a r n i n g s ................................... $ 2 , 5 5 8 , 0 1 5
$ 2 ,0 3 1 ,7 7 1
$ 2 ,0 4 0 ,1 4 0
9(i
RAILWAY STOCKS AND BONDS
|VOL,. LXXXVI.
98
R A IL W A Y
STO CKS
AND
R A IL R O A D S .
For explanation of column headings, & c., see notes
on first page of tables.
M iles Date
of
of
Road. Bonds.
New York Ontario & Western— (Concluded)—
Gold notes secured by 1st M Scranton Coal C o _______
do gold sec by 1st M on E H C & I due seml-an c*
Car trusts Ser D $50,000 due semi-annually..... ............
New York & Ottawa— First mortgage $2,500,000 g . . O
128
New York Phlla & Nortolk— Stock $ 2 ,5 0 0 ,0 0 0 _______
First mortgage $3,000,000 gold-----------------------FP.c*
112
Income M gold non-cum reg ($ 1 ,0 0 0 ,0 0 0 ).............FP
112
New York & Putnam— N Y & Nor 1st M g o l d ........... c
57
N Y A P con $ 6 ,200,000 gold guar p & 1 (end). Un.c*
57
N Y & Rock Bench— 1st M $1,000,000 gold guar.C e.c*
12
Second M Income bonds non-cumulative______ Ce.r
12
N Y Short Line 1st M $1,500,000 g gu p A l.-P e P x c *
OX
N Y Susq A Western— Midland R R 1st M g o ld -.C e .c*
72
Paterson Exten R R 1st M real estate s f gold____ c*
1
New York Susquehanna A Western first m o rtg a g e..
First mortgage refunding gold ---------------------- Ce.c*
127
Second M ($1,000,000 gold) 3d M on 72 m .C e.c*
127
General mortgage for $3,000,000 gold------ Ce.c*
127
Terminal first mortgage for $2,000,000 gold Us.c*&r
Allied companies—
W ilkes-B. & E ’n 1st M g gu p & l(V .60,p .4 81) . . Q c*
65
Passaic A New York 1st M (999 years rental).............
3
Macopln R R 1st M (branch to Macopln Lake)____
2
N Y Susq A W Coal Co 1st M red at 110 sink f d ..c *
New York A WUkesbarre Coal Co first m ortgag e.. N
New York Texas A Mexico— See Galveston Harrisburg A San
Newport A Cincinnati Bridge— See Louisville A Nash vllle
Newton A Northwestern— See Ft Dodge Des M A Sou
Niagara Junction Ry— 1st M $650,000 gold____ Me c* Text.
Norfolk A Portsmouth Belt Line— first mortgage. .F P
6
Norfolk A Carolina— See Atlantic Coast Line RR.
Norfolk A Southern— Common stock $ 2 0 .0 0 0 .0 0 0 ___
Pref stock $5,000,000 5 % non-cum red conv dur 5yrs
lstm o rt $1,970,000 g ...................... ....................... Mp.c*
223
1st gen. M.g.red 1 15................. . . . .
a
223
Suffolk A Carolina first m ortgage............................. ..
a Of whlcn $2,040,000 Is pledged under collateral 6 % no
1899
1900
1904
1905
I N T E R E S T OR D IV I D E N D S .
Size, or
Amount
Par
Value. Outstanding
1899
1899
1887
1894
1887
1887
1907
1880
1881
$1,000
1,000
1,000
1,000 Ac
50
1,000
1,000
1.000
1,000
1.000
1,000
1,000
500 Ac
1,000
1887
1887
1890
1893
1,000
1,000
1,000
1,000 Ac
1892
1885
1896
1887
1893
Anton lo.
1,000
500
1,000
500
When
Payable.
Where Payable, and by
Whom.
$975,000
F
5 g
2.450,000
5 g
J
100,000
A
5 g
1,427,000
J
4 g
2,500,000 See text. J
2 ,GOO,000
J
4 g
1,000,000
4
M
1,200,000
5 g
A
4,025,000
A
4 g
984,000
5 g
M
1,000,000 Up to 5 %
1,500,000
F
4 g
3,500,000
A
6 g
250,000
J
6 g
5,000
J
6 g
3,745,000
J
5 g
447,000
4x e H
2,552,000
F
5 g
2,000,000
5 g
M
A
A
A
New York Trust Co, N Y
Morton Trust Co, N Y
Manhattan Tr Co, N Y
Grand Cent Station, N Y
Checks mailed
26 South 15th S t, Phlla
Checks mailed (see text)
Grand Central S ta ., N Y
Grand Cent Station, N Y
U S Mort A Tr Tr Co, N Y
3,000,000
70,000
44,000
327,000
450,000
Rate
%
A
A
A
A
A
A
A
A
&
A
A
A
A
A
A
D
O
J
D
J
N
O
O
s
A
O
D
J
J
A
A
N
5 IT
6
5
6
6
J
J
J
M
M
A D
A 1)
A I)
A S
A N
Bonds— Princi
pal, When D im,
Stocks— Last
Dividend.
Feb ’0 8 -Feb ’ l l
June’08-D ec ’ 1*
Oct 08-Apr ’00
July 1 1950
Dec 15 1907 6 %
Jan 1 1939
Jan 1 193#
Oct 1 1927
Oct 1 1993
Sept 1 1927
Sept 1 1927
1 1057
Feo
Reading T e rm ., Phlla.
Office, 11 Broadway, N Y April 1 1910
Juno 1 1910
do
do
1 1911
do
do
Jan 1 1937
do
do
Feb 1 1937
do
do
Aug 1 1940
do
do
May 1 1943
do
do
do
do
do
do
do
do
V .7 5 ,p .l0 4 3 ;V .8 4 ,p.342
June
Deo
1 1942
1 1910
1 1910
1 1912
Nov
1 1033
1 1922
1 1938
1902
1898
1,000
175,000
250.000
5 g
5
F
F
A
&
A Mercantile Tr Co, N Y
Aug
A Fidelity Trust Co, Phlla Feb
100
1891
1904
1886
tes of
1,000
1.000
1,000
1907.
12,700,000
4,800.000
1,655,000
a 2 ,865,000
90.000
5 g
5 e
6
M
J
A
A
A
N Metropolitan Tr Co. N Y May 1 1941
J Guaranty Trust Co, N Y July 1 1054
O J. S. G lttlngsACo.Balto April 1 1911
1,000
ioo
Year ending Dec. 31—
1907.
1906.
1905.
Total net income, Including "o th er” . . $ 3 , O i l ,732 $2,484,988
$2,491,357
Interest on mortgage bonds......................
883,358
862,007
766,976
Miscellaneous Interest and discount___
190,086
202,291
231,155
Rentals p a i d . . . ............................
283,506
232,528
211,948
Dividend . ...................................................... (2 )1,162,302 (2)1,162,296 (1M )871,765
$492,480
$25,206
$409,513
Balance, surplus________ ____________
Pres., Thos. P . Fowler.— (V . 85, p. 596; V . 86, p. 229, 421.)
N E W Y O R K & O T T A W A R Y .— Tuppcr Lake, N . Y . , to O ttaw a, Qan.,
128 m , Including Ottawa A N . Y . , whose stock Is owned. Successor fo
the N. Y . & Ottawa R R „ acquired by the N . Y . Cent. & H ud. R lv . R R .
at foreclosure sale on Dec. 22 1904, which leases the road from Feb. 1 1005.
V . 7 9 . p. 2796; V . 80, p. 223; V . 8 6 , p. 286. Stock authorized, $1,250,000.
In June 1905 a mortgage for $2,500,000 was m ade. V 8 0 , p. 2458; V . 81,
p .2 6 5 .
For year ending June 30 1906, gross, $160,478; net, $10,519; other
Income, $2,127; charges. $63,886; b a l., d e f.. $ 5 1 ,2 4 0 .— (V. 86. p. 286.)
N E W Y O R K P H IL A D E L P H IA & N OR FO LK R R .— Delmar, D e l., to
Oape Charles, V a ., 95 miles, and K ing’s Creek, M d ., to Crlsfield, 17 miles.
The Penn. R R . and Phil. Balt. A W a sh , have an option on the $2,000,000
■took. V . 81. p. 1437.
S E C U R IT IE S .— Stock, $2,500 ,0 0 0 , all outstanding, $500,000 being
Issued June 1906 as a 2 5 % stock dividend; par, $50, represented by nego
tiable trust certificates Issued by Fidelity Insurance Trust A Safe Deposit
Co. of Philadelphia. O f the $3,000,000 1st 4s, $400,000 are reserved for
Improvements. V . 68, p. 773, 078. As to Incomes, see V . 68, p. 978.
Dividends on stock, 1901, 6 % ; 1902, 5 % ; 1903, 6 % ; 1904, June, 3 % ;
D ec., 5 % , lncl. 2 % extra; 1905, June, 4 % ; Dec. 6 % . Incl. 2 % extra:
1906, June, 5 % and 2 5 % in stock: D ec., 5 % ; 1907, June, 6 % ; D ec., 6 % .
E A R N IN G S .— Year ending Dec. 31 1907, gross, $3,181,149; net, $946,
489; other Income, $1,560; charges, $308,704; dlv. ( 1 2 % ) , $300,000; bal.,
sur., $339,345 — (V . 81, p. 1437; V . 82, p. 1213, 1438; V . 86. p. 795.)
N E W Y O R K & PUTNAM R R.— Owns 155tb St. and 8th A v e ., N . Y .
City (terminus M anhattan E levated), to Brewster- N. Y . , 54 miles; double
track branch to Yonkers, 3 miles; operates 2 mil -s; total, 51) miles.
H I S T O R Y .— Successor to the N . Y . & Northern, sold under foreclosure
of 2d m tge. Dec. 28 '93, and purchased for N . Y Cent. A Hud. R lv . R R .
which owns $6,500,000 stock and leases the road— sec V . 63, p. 754, 820,
1159; V . 81, p. 265.
N . Y . Central guarantees the new consolidated mortage bonds, of which $1,000,000 were reserved for Improvements also
1,200,000 to retire at m aturity the first 5s.— (V . 82, p. 272.)
N E W Y O R K & R O C K A W A Y BEACH R Y .— Owns Glendaio Jet. cu Kockaway Park. 10.31 m ., with branch, 1.43 m .; total, 11.74 m .; double track.
Stock, $ 1 ,000,000; par, $100. Leased 50 years from July 1 1904 by Long
Island R R . C o., whose endorsem’t Is printed on first mtge. bonds. On Jan.
1 1907 $101,000 firsts were owned by L. I. R R ., together with $960,667 of
the Incomes. V . 83, p. 890.
Year ending Dec. 31 1906, gross, $582,555;
n e t,-$166,793; other Income, $7,341; total. $174,134; balance over charges
being used for extraordinary exp.— (V . 82, p. 929; V . 83, p. 890.)
N E W Y O R K SHORT LINE RR.— Owns a -mt-oll for thr Reading Co.
between Cheltenham and Neshamlny Falls. 9 H miles, opened May
1906.
V. 79, p. 1038. To be 4-tracked, 2 tracks laid at present and on
2 miles 3 tracks. Leased to Phlla. A Reading R y for 999 years from Feb. 1
1907.
The $250,000 stock Is owned by Reading C o., which guarantees the
bonds, principal and Interest.— (V . 84, p. 1552.)
N E W Y O R K SU SQ U E H A N N A & W ESTERN R R .— (See brie iWap.i
Owned (in fee) or entire stock. M iles. |Susq. Connecting 1R ------------------8
Jersey City to Gravel PL , P a____ 101 Other branches------------- ---------25
(Double track 19 miles.)
I Lines leased. &c.
Beaver Lake, N . J ., to Unlonvllle 2 1 1Middletown Un. A W ater G a p * .. 14
WUkesbarre & Eastern___________6 5 1 T r a c k a g e ______
..
................. ..
2
f
Total road operated (*see this co.) June 30 1907-------- --------- ---------------- 236
S T O C K .— Pref., $13,000,000; co m ., $ 1 3 ,000 ,000 , of which the Erie owned
June 30 1907 $12,378,900 com. and $12,892,400 pref., of which $6,630,600
oom. and $6,630,000 pref. are deposited under Its Pennsylvania coll. tr. M
Dividends on pref., N ov. 1891 to 1892, 2 X % yearly; none since.
B O N D S .— General mortgage 5 % bonds are reserved to retire the 2d
mortgage 4 X b. See mortgage abstract, V . 52, p. 84. The seconds are
exchangeable for generals on payment of an assessment.
As to terminal bonds listed In Sept. 1893, see "S u p p lem en t” of Jan .1898,
and abstract of mortgage, V . 57, p. 512.
E A R N IN G S .— 8 m o s .,/1 9 0 7 -0 8 _______Gross, $ 2 ,253,908; net, $546,160
July 1 to Feb. 29.
11900-07_______Gross, 2 .001,462; net, 570,320
R E P O R T .— For 1906-07 In V . 85, p. 1205, showed, on 238 miles:
Year—
Gross.
Net.
Oth. Inc.
Charges. Dal.,del.
1906-07..................$3,123,159
$844,675
$33,109
$874,545 $3,239
1905 -06................. 2,757,925
828,674
43,055
896,062 24,333
— (V . 82, p. 452; V . 83, p. 272, 887; V . 85, p. 9 22, 1205.)
N 1AQ AR A JUNCTION R Y .— A terminal and switching roaa extending
from Niagara Falls, N . Y . , to Pletcher’s Corners, N . Y . , 5.15 miles; factory
sidings, 8.74 m . Stock, $160,000 com . and $140,000 8 % cum . pref.; all of
the com . and nearly all the pref. being owned by the Niagara Falls Power
Co. No bonds In excess of $500,000 can be Issued without the consent of
the entire stock.
Year ending Dec. 31 1906, gross, $60,879; net, $42,360;
Int., taxes. A c .. $12,167; bal., sur., $30,193. Pres., D . O. M ills; 2d V .- p . and
Treas., W . Paxton Little; Sec., F. L . Lovelace.
Office, 15 Broad S t., N .Y .
N ORFO LK & PORTSMOUTH BELT LIN E R R.— Owns Port Norfolk to
B e r k le y ,V a ..5.8 miles, and Southern branch extension, 1.37 m .; operates
under lease 1.85 m . Stock, $50,400, In $100 shares. Bonds, see table.
Cal. year 1907, gross, $146,248; net, $ 3 5 , 2 4 3 ; other Inc., $12,320; Interest
on bonds, $12,500; other Interest, $150; taxes, $3,358; bal., sur., $31,555.
NOR FO LK & SOUTH ERN R Y .— Owns Norfolk, V a ., to Edenton, N . C ..
76 fmlles (ferry across Albemarle Sound to Mackey's Ferry, 9 m .); thence
road to Belhaven, 30 m .; Norfolk to Virginia Beach, 19 m .; Clapham Jet. to
Munden’s Point, 22 m .; Providence to Clapham Jet., 8 m .; Mackey’s Ferry
to W ashington, N . C ., 44 m .; Mackey's Ferry to Cresswell, 13 m .; former
[V O L . LXXXV1
BO NDS.
A
Chesapeake Transit (electric railway) Company, Norfolk to Lynn Haven
Inlet and Virginia Beach, via Cape Henry, 24 m . (acquired Dec. 1904 );
Suffolk, V a ., to Edenton. N. C .. 50 m .; Beckford to Elizabeth City, N . O .,
25 ra.; Raleigh to Zebulon, 24 m .; leases Atlantic & North Carolina, Beau
fort to Goldsboro, N . C ., 98 miles; total April 1907, 442 miles; 45 m .
equipped electrically. V . 78, p. 1549, 2599; V , 79, p. 1462, 1705
The company Is building about 187 miles, to be completed early In
1908, making a connected system of 611 miles between Beaufort and
Goldsboro, New Bern and Washington, Raleigh and W ashington, W ash
ington and Mackey’s Ferry, Belhaven and Mackey’s Ferry, Edenton, S u f
folk, Elizabeth City and Norfolk; of the new lines 114 miles were In operation
in Jan. 1908. Compare V . 85. p. 1519.
O R G A N IZ A T IO N .— A consolidation N ov. 23 '0 6 , per plan V . 82, p. 929.
of the Norfolk A Southern R R . and the Virginia A Carolina Coast (Suffolk to
Edenton, 51 m ., with branch to Elizabeth C ity, 23 m .) , with the lease of the
Atlantic A North Carolina, Goldsboro, N. C ., to Morehead C ity. 95 m .. a tof al of 408 m. In operation, and all the stock and 1st mtge. bonds of the John
L. Roper Lumber Co. (see below).
B O N D S, tec.— Under the consolidation plan a first and refunding m tge.
was made to secure not exceeding an Issue of $25,000,000 bonds, of which
$14,000,000, along with $4,800,000 pref. stock, were sold to a syndicate for
$16,000,000. to provide for acquirement of property, new construction, Ac.
The bonds (Feb. 1908) are a first lien on 238 miles of main line, second lien
on 26 and third Hen on 248 miles; they also have a lien on the lease of the
Atlantic & NoJCaroUna.and are secured by deposit of entire stock and $10,
000,000 1st mtge. sink, fund bonds of John L. Roper Lumber C o., owning
over 600,000 acres of timber lands and 200,000 acres of timber rights.
Has
a sinking fund of not less than $175,000 and estimated to exceed $300,000.
Of the bonds, $3,500,000 were reserved to retire all outstanding liens and
$7,500,000 (of which $1,000,000 deposited as part security for collateral
trust notes— see below), with $7,300,000 com . and $200,000 pref. stock,
for general purposes. V . 86, p. 338.
The collateral trust 6 % notes of 1907 ($2,750,000 authorized Issue) are
secured by deposit of $1,000,000 1st and ref. m tge. bonds of Norf. & So. R y .,
$2,040,000 1st gen. m tge. bonds of N . & S. R R - and $1,200,000 equipment
trust 5 % bonds maturing $60,000 yearly to N ov. 1 1917. V . 85, p. 1519;
V . 86, p. 338.
E A R N I N G S — Report of Norfolk & Southern RR. was In V . 82, p. 158.
Earnings of new co. for year ending June 30 1907 (Including old N . A S.
R R . only prior to consolidation In N ov. 1 906 ), gross, $1,924,265; net, $497,
300; other Income, $532,765: charges, $551,004; bal., sur., $479,061.
Pres., Frank S. Gannon'; Treas., Mathew Manly; Sec., W alter B. Gwyn.
N. Y .
Office, 37 Wall S t.— (V . 85, p. 1210. 1519; V . 86, p. 53. 338.)
NORFOLK & W ESTERN RY .— See M a p .— System extends from N or
folk, V a ., westward to Columbus, Ohio, and northward to Hagerstown,
M d.. with branches to tbe various coal fields In Virginia and W est Virginia.
M iles
Allies. I
Road owned.
Roanoke to W inston............. ......... u f
N orfolk,V a.. to Columbus, O ___ 704
Radford, V a. to Bristol, T e n n .. I l l Sundry branches.................................320
Roanoke, V a. to Hagerstown. .238 Columbus terminal_______________
16
Graham to N orton_____ _________ 100 Trackago — .......... - .......................
Nor. Car. Junction to Fries______
44
Total owned June 30 1 Q 0 7 ..1 .8 7 7
Lynchburg to Durham. N. 0 _____115
Portsmouth Jet. to Cincinnati
233
and Ivorydale_________________ 106 Double tr a c k .............................
O R G A N I Z A T I O N .— Successor In 1896 of Norfolk A Western R R .. A c .,
foreclosed per plan In V . 62, p. 641.
On Jan. 1 1908 Penn. R R . and subsldlary companies owned $8,746,000 each of the common and preferred
stocks, about one-half of the holdings having: been sold In 1906. V . 83,
p. 502.
Branches building June 30 1907, see V . 85, p. 6 6 1 , 662.
S T O C K .— Provisions of pref. stock were given In "S u p p le m e n t" o f April
1897, page 4 , said stock being 4 % non-cum. with preference as to aasete.
As to Increase of authorized stock In 1906 see General rinanccs below.
D IV I D ’ DS.
’97. ’98. ’99. ’00. ’01. ’02. ’03. ’04. ’05. ’06. ’07. 1908.
Preferred ( % ) . . . 1
3
4
4
4
4
4
4 4
4
4 F e b .,2
Common ( % ) .........................
..
..
2 2X
3
3 3X 4X
5 -----------B O N D S .— The first consolidated mtge. of 1896 Is limited to $ 6 2,500 ,009 ,
the balance unissued being reserved to retire the underlying bond*. Th*
right to Issue prior Hen bonds has been annulled. V . 73, p. 502; V . 74
p. 151; V . 7 5 , p. 505; V . 7 7 , p. 1785; V . 78, p. 220.
The 4 % lsf consols are a 1st m tge. on a large part of the system , via.,
about 869 miles of railroad; upon Important terminals at Norfolk and Lam
berts Point; upon the Ohio River Bridge and the Roanoke Machine W ork*;
besides being a consol, m tge. upon 739 miles of the system , subject to the
undisturbed liens. They were further secured by the equipment (cost over
S ll 000,000 ). See abstract, V . 64, p. 376. V . 72, p. 137, 438, 532, 723.
i0S0; V. 7 5 , p. 505; V . 79, p. 213; V . 81, p. 212.
Tlw N. & W .-P ocahontas Joint bonds are secured by about 2 9 5 ,U00 acre*
of coal lands owned and held by tbe Pocahontas Coal & Coke C o., who##
stoclf is owned, of which about 60,000 acres have been leased to companies
whose stock Is all owned by the U . S. Steel Corp. and 39,797 to other con
cerns, the royalties under such leases alone being shortly expected to be suf
ficient to almost meet the fixed charges. They are subject to call at 105
beginning 1906, for a sinking fund of 2 X centsper ton mined. V . 73, p.845
902 V . 7 4 . p. 41, 38C, 1197; V . 75 p. 502. These bonds are tbe Joint and
several obligations of the Railway Co. and of the Coal A Coke C o., but as
between the two companies the debt Is to be paid by the latter com pany.
Divisional Is/ lien and gen. mtge. 4» of 1004 ($35,000,000) authorized for
piture capital requirements are a 1st lien on extensions and branches not
covered by the 1st consol, mtge. aggregating 220 miles, and upon such ex
tensions and branches as m ay be acquired from the proceeds of the new
bonds and also a hen subject thereto upon the properties covered thereby.
O f the bonds $13,000,000 has been sold for Improvements and new equip
ment. V . 78. p, 1549; V . 79, p. 501, 628. 9 73. 1642. 1704. 2148: V . 80
p. 1175; V . 82, p. 510; V . 83, p. 1471; V . 84, p. 1367. The $4,000,000 equip,
trusts (series L to O, $1,000,000 each) mature $100,000 per scries yearly
from Dec. 1 1906 and March. April and June 1907. V . 86, p. 548. 481,
As to convertible bonds of 1907, seo "General Finances” below.
4
BONDS
STOCKS AN D
R A IL W A Y
., 1 9 0 8 .
pe
A
100
R A IL W A Y
STO CKS
AN D
R A IL R O A D S .
F o r explan ation o f colu m n headings, & c ., see notes
on fir s t page o f tables.
N orfolk & So (C o n .)— S uff & Car 1st c o n M g red H O .c*
R a leig h & P a m lico S o u n d 1st m o r tg a g e --------------------N A S 1st an d ref M J 2 5 .0 0 0 .0 0 0 g red l l O s f -----------Ta
C ollateral trust n otes $ 2 ,7 5 0 ,0 0 0 g o ld red 102 )4 . _Ma
E q u ip tr b on d s, $ 1 ,2 0 0 ,0 0 0 , d u e $60 ,000 s a ------ Ma
N orfolk & W estern R y — C o m m o n s to c k $ 1 0 0 ,0 0 0 ,0 0 0 0
A d ju s tm e n t preferred 4 % n o n -c u m $ 2 3 ,0 0 0 .0 0 0 .. Q
N & VV gen (now 1st) M N o rfo lk t o I3rls. e tc g . F P c*
N ew R iv e r D iv is io n first m o rtg a g e g o ld _ _ F P .c *
I m p r o v e m e n t A E x te n sio n m o r tg a g e g o l d . .F P .c *
S c io t o V a lie v & N ew E n g 1st M assum ed g o ld .C e .c *
N & W first co n s o l M $ 0 2 ,5 0 0 ,0 0 0 g o l d -------Me c * A r
D Iv 1st Hen A gen M (te x t) g red 105 begin 1 9 2 9 . . Q
P o c a h Joint M $ 2 0 ,0 0 0 ,0 0 0 g call 105 s ( . . Q P . c ’ &r
C ol C on A T e r m 1st M g o ld g u ar p A ! (end) _M p.c*
C o n v e rtib le b o n d s, $ 3 4 ,0 0 0 ,0 0 0 , g o ld re d . t e x t ------ O
E q u ip tru sts g o ld $ 5 0 0,00 0 y e a r ly b eg 1 9 0 5 ..F P .c *
do
Series A , g o ld d u e $100,000 y e a r ly __FP
do
Series B g o ld d u e $10 0,00 0 y e a r ly _____ FP
do
Series C g o ld gu a r p A 1 d u e $20 0,00 0 y ’rly
do
Series D g o ld $10 0,00 0 y e a r ly ......................
do
Series E g o ld $ 1 0 0,00 0 y e a r ly ...................... ..
do
Series F t o K g gu $10 0,00 0 each ser y r l y .
do
Series L to O $100,000 each series yearlv
N o rris to w n A Main I. C on — 1st M g g u ar p A l(en d ) OP
North C a rolin a— S t o c k , 7 % , p aid fro m r e n ta l.................
N orth P en n— S to c k 8 % g u a r 990 years $ 6 ,0 0 0 ,0 0 0 auth
O ld s e c o n d M . n ow first M (7s e x te n d e d In 1 8 9 6 ) ._c
G en eral m ortg a g e e x te n d e d In g o ld In 1 9 0 3 -F P c A r
F u n d in g loan b on d s $ 4 0 9 ,0 0 0 ________________________
N orth Shore R R — S ee N orth ern P a cific R R .
N orth Shore C uba— 1st M $ 5 ,0 0 0 ,0 0 0 g red t e x t _____ F
N orth E ast P enn— 1st M g o ld gu a r P A R ( e n d ) .G u P .c *
N orthern Ala— 1st M ($ 350,000 are prior lie n )____ K .c
N orthern (N H )— S to c k 6 % r e n ta l............. ................ .........
N orthern Cen tral— S to c k ($ 2 0 ,0 0 0 ,0 0 0 a u t h o r iz e d )___
F irst m ortg a g e S ta te o f M arylan d loan — V 74 ,p 1197
C on gen M o f 1874 g Ser E . . . ........... .........................c
S e co n d gen M Series “ A ” A " B ” (A $ 2 ,5 6 5 ,0 0 0 )- F P
M iles Date
of
of
Road. Bonds.
IN T E R E S T OR D IV I D E N D S .
Size, or
Par
Amount
Value. Outstanding
1,000
1,000
1,000
100
50
1.0 0 0
1.000
NORFOLK & WESTERN RV. (C oncluded).—
G E N E R A L F IN A N C E S .— O f the traffic In 190*-07 5 8 % (11.775.541
tons) was bituminous coal and coke; average rate per ton per mile, 0.495
cents; train-load, 569 tons. As to new 4s of 1904. see "B o n d s ” above.
The stockholders O ct. 11 1906 authorized an Issue of $34,000,000 con
vertible bonds and an Increase In the common stock from $66,000,000 to
$ 1 0 0 ,00 0,00 0, to provide for the conversion. V . 8 3 , p. 380, 4 35, 575.
To provide for double-tracking and new equipment $14,576,000{of the bonds
were offered to the shareholders early In 1907 and underwritten; these bonds
arc convertible into com. stock, $ for $, prior to June 1 1917, and thereafter
subject to call at 105 and lnt. V . 83, p. 1412, 1471; V . 84, p. 1248; V . 85,
p. 469; V . 86, p. 109, 286.
E A R N IN G S .— For 8 months ending Feb. 29:
dross.
Net.
In t., taxes, A c.
B al., Sur.
1907-08 ................. $26,749,361
$7,162,897
$3,488,573
$ 3 ,674,324
1906-07 ................. 20,083,721
7,444,861
3,076,876
4,3 6 7 ,0 8 5
R E P O R T .— Report for 1906-07, V . 85, p. 6 5 1 ,6 6 0 (see editorial, p. 630.)
Year ending June 30—
1907.
1906.
1905.
1904.
Miles June 3 0 . . .................
1,876
1,861
1,833
1,769
Passenger earnings_____ $4,163,119
$3,508,558
$3,158,773 $3,150,859
Freight earnings________ 26,000,945
24,111,801
20,249,399 18,894,941
Mall, express, A c .............
1,000,316
777,407
681,088
673,175
Total gross ea rn in g s..$31,164,381 $28,487 ,766 $24,089 ,260 $22,718 ,977
Oper. expenses A taxes. 20,510,536
17,790,623
15,285,434
14,344,730
Total net e a rn ln g s---$ 1 0 ,6 5 3 ,8 4 5 $10,688 ,143 $8,803,826
$8,374,247
Total net Income................$10,742,791 $10,853 ,488
$9,014,399
$8,521,479
Interest on funded d e b t.
3,222,807
3,069,147
2.862,933
2,603,510
Interest on ca r trusts___
492,889
316,641
226,667
156,889
D ef.Int.P oc.C ’ . AC.bonds
218,000
188,000
216,000
295,595
Dlvs. on pref d ( 4 % ) - . 919,644
910,644
919,530
919,524
Dividends on com m on. (5 )3 ,2 2 3 ,4 6 0 (4 )2 ,5 7 8 ,7 6 8 (3)1,934,076 (3)1,934,076
Rents ..................................
26,778
15,323
--------------------Betterment fund, A c ___
1,246,652
2 ,950,000
2,250,000
2,000,000
Discount, A c ......................
47,211
55,786
160,197
' 87,167
Balance, surplus...........$1,345,350
$760,179
$444,096
$524,719
O F F IC E R S .— Pres , L . E . Johnson; Chairman of Board, Henry Fink, 27
William S t ., N . Y .: V . P . . W m . G . Macdowell; S e c., E . H Alden; Treas.,
Jos. B. Lacy. General office, Roanoke, V a .; Philadelphia office, Arcade
Building, Market and 15th streets.
Directors— Henry Fink, Victor Morawetz, Levi C. W eir, New York; L. E.
Johnson, Roanoke, V a .; Samuel Rea, W . G. Macdowell, Joseph I. Doran
and John P . Green, Philadelphia; Joseph W ood , Henry C. Frick, P itts
burgh; W alter H . Taylor, Norfolk, V a .— (V . 86, p. 286, 4 81, 548.)
N OR R ISTO W N & M A IN LINE CONNECTING R R.— Owns road % mile
long. Including bridge over Schuylkill River, extending from Norris
town to a connection with the main line of the Phlla. A Read, at a point
above Bridgeport, Pa.
Leased to Phlla. A Read. R y. at 4 % on stock and
Interest on bonds. The Reading Co. owns all the $50,000 stock and guar
antees the bonds.— V . 7 5 , p. 1148.
NORTH CAROLINA RR. — Owns from Goldsboro to Charlotte, N . C .,
221.65 m .; Carolelgh J et,, N . C .. to Carolelgb Mills, 1.90 m .: total, 223.55
miles.
Leased from Jan. 1 1896 to the Southern R y . Co. for 09 years at
$266,000 (6 fa % on stock) per year till Dec. 31 1901, and $286,000 (equal to
7 % on stock) balance of lease: also taxes. V . 63, p. 361. State of North
Carolina holds $3,000,000 stock.
(V . 66. p. 665.)
NORTH P E N N S Y L V A N IA RR.— Owns from Philadelphia. P a ., to Beth
lehem , P a ., 56 m .; branches to Delaware River, A c ., 31 m .; 2d track, 75.16
m .; 3d track, 13.68 m .; total track, 241.41 m . Leased for 990 yrs. from May
1 1879 to Phlla. A Reading R R . at 8 % on stock, and lease assumed In 1896
by Phlla. A Reading R y
Current liabilities June 30 1906, $354,967.— (V .
73, p. 1160; V . 75, p. 1354; V . 78, p. 821; V . 81, p. 559, 668.)
NORTH SHORE R R ., C U B A .— T o build from Mayanabo Bay, north of
N ucvltas, west through Cubltas V a lley to Carlbarrlen, a point In Province
of Santa Clara, about 250 miles, with 50-m lle branch from Senada to Iron
mines south of Cubltas Mountains. Construction was to begin May 1907
Stock, $2,500,000, all outstanding; par, $100. The Cuban Government
will pay a subsidy of $6,000 per kilometer constructed, In 6 annual payments.
Bonds are subject to call at 106 fa and Interest after 10 years: sinking fund
$ % of gross earnings Is payable yearly; V . 84, p. 571. P rcs.,C . D. Gib
bons, 106 W a ll S I ..N . Y . ; Sec., A . Price; Treas., J. E . W h ite. (V . 8 4 ,p . 571.)
NORTH -EAST P E N N S Y L V A N IA RR.— Owns road from Glensldo to
New H ope. P a .. 26 miles. Controlled by Reading Co. Capital stock,
$400 ,00 0, of which $318,950 owned by Reading Co.: par, $50.
NORTHERN A L A B A M A R Y .— Sheffield to Parrish, A la ., and branches.
119 miles.
In April 1899 a majority of stock and bonds purchased by the
Southern R y . V . 68, p. 824. 873. See also V . 69, p. 391.
Stock Is $ 2 ,000,000.
Under supp. mtge. of 1898 $400,000 of the out
standing $1,700,000 1st 5s were made prior liens. V . 6 7 , p. 1208. In year
ending June 30 1907. gross, $605 ,37 5; net. $105 ,55 2.
(V . 69, p. 28.)
NORTHERN (N. H.) R R ___Owns Concord. N . H ., to W hite River Jet.,
Vt., 70 m .; branch to Bristol, N . H ., 13 m .; total 83 miles. Subsidiary lines,
Concord A Claremont R R ., 71 m .- Peterborough A Hillsborough R R ., 19 m .
Lease to Boston A Lowell for 99 years from Jan. 1 1890 was assigned to
Bos. A M e.; rental was 5 % on stock till July 1 1897. and now 6 % . payable In
gold.
Until July 1897 1 % extra was paid regularly from contingent 'und.
Also In 1894, Jan.. 5 % extra was paid; In 1896, July. 2 % extra; In 1897, 5 %
extra: In July 1904, fa % extra.— (V . 65, p. 46.V V . 78. p. 2385.)
NORTH ERN C A L IF O R N IA R Y .— See Southern Pacific R R .
NORTHERN CEN TR AL R Y .— Owns Baltimore, M d ., to Sunbury, P a .,
136 m ., of which 132 m . double track— branch. 9 m .; leases— Shamokln Val.
A Pottsv. R R .. 38 m .; Elmira A W ’msport R R . 74 m .; operates at cost—
Elmira A Lake Ont. R R .. 100 m .; Lykens Val. R R ., 19 m .; also since June 1
Rate
%
75 1902
$650,000
$1,000
5 g
___ 1904
1,000
47,000
5 g
1907
--1,000 14,000,000
5 g
___ 1907
1,800,000
1,000
6 g
-1907
1,000
See text
5
___ ____
100 64,469,200 5 In 1907
___ ____
100 22,991.700 4 In 1907
428 1881
7,283,000
1,000
6 g
197 1882
2,000,000
1,000
6 g
588 1883
5,000,000
1,000
6 g
129 1889
1,000
5,000,000
4 g
1.608 1896
500 Ac 40,400.500
4 g
1,827 1904 1,000 Ac 13,000.000
4 g
___ 1901
1 000 19,776,000
4 g
4 1892
600,000
500
5 g
___ 1907 1,000 Ac 14,576,000
4 g
—
1902
2,000,000
1,000
4 g
___ 1003
1,000
600,000
4 g
___ 1903
600 000
1,000
4 g
___ 1905
1 400,000
1,000
4 g
___ 1905
1,000
800,000
4 g
___ 1905
1 000
800,000
4 g
—
1906
1,000
4,400.000
4 g
___ '06 ’i)7
1 ,000 N ’nc F b ’.'S
4 g
—
1902
1,000
250,000
4 g
223 —
100
4,000,000
7
86 ____
50
5,405,550
8
56 1866
500 Ac
4
1,500,000
86 1873
4,500,000
3.3 g.
1898
402,000
4
—
___ 1907
26 1890
107 1896
83 ____
___ ____
144 1855
144 1885
144 ’76 - ’82
|VOL. LX X X V I
BONDS
When
Payable.
Where Payable, and by
Whom.
Bonds— Princi
pal, When Due„
Stocks— Last
Dividend.
J
A J International Tr Co.B alt July 1 1952
1934
A
J
.T Knickerbocker Tr C o,N Y Jan
May 1 1950
M A N Trust Co of A m er, N Y
N ov 1 1910
M A N Manhattan Tr Co, N Y
May ’0 8 -N ov’ 17
M A N Manhattan Tr Co, N Y
Dec 18’07 2 J-4 %
J
A D Office, Philadelphia
Feb 19 1908 2 %
E A A
do
do
M A N Mercantile Trust Co, N Y May 1 1931
April 1 1932
A A O
do
do
Feb 1 1934
F A A
do
do
Nov 1 1989
M A N
do
do
A A O
Oct 1 1096
do
do
J
A
July 1 1944
.T
do
do
J
A D
Dec 1 1941
do
do
J
A J Metropolitan Tr Co. N Y Jan 1 1922
,J A D Mercantile Tr. Co. N Y June 1 1932
M A S Fidelity Trust Co, Phlla Sept 1 1908-’ l 1
J
A J
Jan 1 1900-1913
do
do
M A S
Mar 1 1009-1913
do
do
A A O Commercial Tr Co, Phlla Apr 1 1909-1915
M A N
Nov 1 1908 1915do
do
A D
J
do
do
Dec 1 1908-1915
F
A A
do
do
To Aug 1916
Various
M A S Reading Terminal, Phlla Sept 1 1952
F A A Burlington, N C
Feb 1 ’08 3 )4 %
— F Office, 240 S 3d S t, Phlla Feb 25 1908 2 %■
M A N
do
do
May 1 1936
do
do
J
A
Jan 1 1953
J
M A N Reading Term , Phlla
N o v 1 1928
M
See text
5 g
400,000
A
5 g
1,650,000
5
J
3.068,400 See text.
c
19,342 569 See text. J
1,500.000
6
c
1,757,000
A
3.565.000
5
J
A
A
A
S
() Reading T erm , Phlla
J J P Morgan A Co, N Y
1023 Old So Bldg, Boston
T
A
J Treasurer’s Office. Balt
Annapolis
r
A 0 Treasurer’s Office, Balt
do
do
A .1
Mch 1 1942
April 1 1020
July 1 1928
Apr 1'08 1 ) 4 %
Jan 15 ’08 4 %
Irredeemable
April 1 1025
Jan
1 1026
1902 York Hanover A Frederick R R ., 56 m .; York branch Penn. R R .
Y o rk , P a ., to Columbia, 13 m .; other, 4 miles; total, 448 miles. Also usesN . Y . L. E . A W . and other tracks, 12 miles. V . 7 8 , p. 773.
O R G A N I Z A T I O N .— A consolidation of several roads In 1854. Con
trolled by the Penn. R R ., which owns a m ajority of the stock.
S E C U R IT IE S O W N E D .— On Jan. 1 1908 among the assets held were
Elm ira A Lake Ont. stock (all), $ 1 ,500,000; Sham . Val. A Pottsv. stock.
$619 ,65 0; Union R R . stock, $1,225,000 (the bal. of $875,000 being held by
Phlla. W llm . A B a lto .), A c. Also the following, m ostly acquired In 1900;
B alt. A Ohio pref. stock. $ 1 ,000,000, and com ., $1,048,700: Norf. A W e s tpref. $ 5 0 0 .0 0 0 .a n d c o m .,$ l,0 0 0 .0 0 0 ;E r lc A W .T ra n sp . Co. stock, $500 ,00 0.
S T O C K .— Authorized Issue was Increased In Feb. 1900 from $ 8 ,000,000
to $ 1 2,000 ,000 : Penn. R R .o n Jan. 1 1 9 0 8 ,owned $ 1 0,577 ,200 . The stockho’ ders in N ov. 1903 voted to Increase the authorized stock from $12,000 ,000
to $ 2 0 ,000 ,000 . Of the new stock, $5,731,125 was subscribed for at $62 50
per $50 share In June 1 9 0 4 ,the proceeds being used to pay off $ 2 .0 0 0 ,000bonds maturing July 1 1904, purchase $1,562,000 of the $2,000,000 out
standing Shamokln Valley A Pottsville R R . 3 ) 4 % bonds not already
owned, and provide for Improvements and equipment. V . 77, p. 1875;
V . 7 8 , p. 1907.
In Jan. 1907 $2,149,169 was Issued as a 12)4 % stock divi
dend. raising the amount outstanding to $ 1 9,342 ,569 . V . 83. p. 1471.
D IV S . 1888 '89 '90 '91 ’92 '93
1894 to 1900
1901 to Jan 1908Per cen t7 8
7
7
8
8
7 yearly
*8 yearly (JAJ)
♦Also Jan. 1907 12 14% paid In stock.
E A R N IN G S .— 2 m os., 11908
. Gross, $1,659 ,8 1 5 ; net, $153,712
Jan. 1 to Feb. 29.
(19 0 7 .......... ..G r o s s ,
1,895,815; net,
188,112A N N U A L R E P O R T .— Fiscal year ends Dec. 31.
President’s report for
1907 given at length In V . 86, p. 485, 544, showed the following:
Year ending Dec. 31—
1907.
1906.
1905.
1904.
Miles of road____________
460
462
462
448
Gross earn ings--------------- $13,237,498 $11,632 ,633 $10,531,962 $10,174,524
Net earnings (over taxes) 2,358,865
2,385,341
1,850,114
2,193,048Other receipts___________
1,247,425
1,151,602
1,157,418
843,049
Total net In com e____ $3,606,290
Rentals, A c.......... ..............
$408,759
Interest on debt, A c ____
519,440
Dividends, 8 % _________
1,547,214
M iscellaneous....................
110,280
E xtraordin ary................
500,000
$3,536,943
$436,510
384,639
1 ,375,468
10 226
1,100,582
$3,007,532
$368,998
360,182
1 ,375,468
49,790
827,721
Balance, surplus..........
$527,597
$229,511
$25,374
— (V. 84. p. 103, 391, 504, 508, 5 13; V . 86, p. 475, 485 544.)
$ 3 ,0 3 6 ,9 9 7
$420,180
4 94,512
1,146,224
55,399
920,681
N one.
NORTHERN RR. OF N E W J E R S E Y .— Owns from Bergen, N . J ., toSparklll, N . Y . , 21 m .; leases Sparklll to N yack, 5 m . Leased to the Erie
R R . from June 1 1899 for the terra of Its corporate existence, for interest
on bonds, 4 % on $1,000,000 stock, payable quarterly, taxes, and all cor
porate expenses. Of the $1,000,000 new 4)4 % gen. m tge. bonds, guaran
teed by the Erie, $654,000 are reserved to retire tne 6s due July l 1917, ana
the remainder for Improvements and betterments or equlpm t for operation
by electricity of the leased properties. See V . 69, p. 8 1 .— (V . 7 1 , p. 30.)
NORTHERN R Y . COSTA R IC A .— See V . 71. p. 1067, and United Fruit
Co.; V . 75, p. 849; V . 78, p. 288; V . 80, p. 223; V . 81, p. 614.
NORTHERN OHIO R A I L W A Y. — (See Map Lake Erie & Western.)—
Owns Akron to Delphos, O ., 165 miles; branches, 2 miles. Leased In per
petuity to L . E . A w . , which guarantees the bonds. V . 62, p. 826.
S T O C K .— Common stock (all owned by L . E . A W .) , $3,580,000; pre
ferred non-cumulatlve 5 % stock, $650,000: par of each, $100.
B O N D S .— The first mortgage Is for $4,0 0 0 ,0 0 0 , of which $1,500,000 un
Issued are limited to $15,000 per mile of completed road hereafter con
structed or purchased. Operated as part of L . E . A W .
V . 66, p. 337.
NORTHERN PACIFIC R A I L W A Y .— {See Maps.)— Operates one of the
leading lines to the Pacific, having Its eastern termini at St. Paul, M inn.,
and D uluth, W ls. (the head of Lake navigation), and running thence west
erly, traversing the great wheat belt of Minnesota and North Dakota, the
mining district of Montana and the farming country of Washington to
Tacom a and Seattle, and to Portland, O re., with branches to W innipeg,
A c . The system comprises:
L eased to others.
M ile s .
Main line.
Miles.
T o other companies.,.......... .........
9
Ashland, W ls
to Portland,
Ore. (lncl. 5 m . terminals). . 2 , 171 To Province of M anitoba............. 355
N ot operated-------«...........................
22
Bralnerd and Staples to St.
P a u l _____________
181
Total (Inc. 48 m . trackage). .5 ,8 3 4
Other lines......................................... 411
Controlled properties—
Total main line_________
2,766 W ash. A Col. R.(merged J ’iy 1) 169
Various branches............................2,682 Minn. A Intern. (V . 77, p. 451) 174
Other com panies............................
44
T o ta l, lncl. 17 m . trackage
(operated directly)-..............5,448 Total system June30 1 9 0 7 ,,
6 ,2 2 1
Second track..................................... 246
The Manitoba branches, aggregating 354 m ., were leased for 090 years
from May 31 1901 to the Provincial Government and sub-let by the latter to
the Canadian Northern R y. at a rental of $210,000 annually for the first 1#
years, then $225,000 for 10 years, then $275,000 for 10 years and thereafter
$300 ,00 0, with option of purchase any time for $7,000,000. V . 73, p. 610
On July 1 1900 the St. Paul A Duluth R R ., St. Paul to Duluth, A c .. 238
m ., was merged, and on July 1 1907 the W ashington A Columbia River,
their bonded debt being assumed. V . 7 0 , p. 1250; V . 7 1 , p. 648; V . 84,
p. 1553. Spokane Portland A Seattle R y . . Joint line with Great N or., build
ing from Portland to Spokane. W a sh ., with branches; total, 415 miles, of
which 221 oper. Mch. 1 9 0 8 ;s e c V . 8 1 , p. 1101: V . 83. p . l i u . Nor. Par. part
of Joint line with Union Pac., Culdesac to Orangeville, 55 miles, was to be
completed In 1907: also Big Fork River, M inn., to International Falls, 34 m .
V . 85, p. 1089.
APli., 11)08. |
IN T E R E S T OR D IV ID E N D S .
R AILR O AD S.
of
of
Road. Bonds.
F or explanation of column headings, A c ., see notes
on first page of tables.
Northern of New Jersey— Stock guar (see V 69, p 81)
Third mortgage (now first) interest guaranteed___c
Gen M $1,000,000 gold int guar by lease------ Usra.c’
Northern Ohio— 1st M g ($15,000 p m) gu p & 1. .C e.c*
Northern Pacific Ry— Stock $250,000,000 au th ---------St Paul & N P gen M land grant assu m ed ..C e.c*& r
167
1887
1900
1895
182
182
163
1883
1883
1895
Prior lien M $130,000,000 gold land gr__M o.c*& r See x
General lien M $190,000,000 gold land g r. F.c*& r See x
226
St Paul-Duluth D lv pur money M $20 0 0 0 ,0 0 0 .G.c*
—
C B & Q coll tr M g (red aft Jan ’06 at 105). . S c&r
do
do
reg istered ..-------- -------------------
1896
1896
1900
1901
1001
W ash & Columbia River 1st M gold assu m ed -. . F.c*
21
Bonds Underlying St Paul & Duluth Dlv Mortgage
S t Paul & Duluth first mortgage assumed_______c*
Second mortgage assumed— ............................. Ce.c*
Taylor’s F & L Sup 1st M s f not drawn____ Ce.c*
Duluth S L 1st M p & 1 sink fd not draw n .-C e.c*
Consolidated M assumed $5,000 000 gold__M p.c*
Northern Pac Term Co— 1st M gold red at 110____ F.c*
Northern Railway (Cal)— See Southern Pacific R R .
167
167
21
25
238
. . .
1881
1887
1884
1880
1898
’9 8 - ’99
1883
Northwestern Coal Ry— 1st M guar (end) gold— F.c*
Cal Northw 1st M g guar by St F & Nor Pac s f _____
San Francisco & Nor Pacific 1st M gold s f.M c.c*& r
North Pacific Coast gen M (now 1st) gold ................. c
390
40
165
00.5
lst& ref M ,$35.000,000 g red llO aftrlO yrs_Fxc*& r
Northwestern RR of So Car— First M $ 375 ,00 0_______
65
Norwich & Worcester— Preferred stock 8 % rental___
72
Bonds (not M) lnt guar under lease currency____ c&r
Norwood & St L— 1st M $300,000 g red 110 In 10 yrsTa
7)4
Nova Scotia Eastern— First mortgage gold red (text) Text.
p Berlin at 4.20 marks per dollar
x 5,130 miles. In cludln
Par
Value.
1,000
N e t o p e r . I n c - - $ 2 2 ,3 8 4 ,5 7 4
M is ..e x c .la n d sa le s
2 .3 3 8 ,3 2 4
$ 2 4 ,6 7 2 ,5 5 4
1 .7 1 9 ,3 4 0
$ 2 2 ,1 5 2 ,0 5 8
1 ,0 2 1 .5 6 7
$ 2 0 ,6 6 8 ,8 8 7
1 ,4 8 3 ,3 5 4
$ 2 6 ,3 9 1 ,9 0 0
$ 2 4 ,0 7 4 ,2 2 5 $ 2 2 ,1 5 2 ,2 4 1
6 ,9 8 6 ,1 4 0
6 , 9 4 7 ,9 8 3
6 ,9 2 2 .9 3 0
(7 ) 1 0 , 8 5 0 , 0 0 0 ( 7 ) 1 0 ,8 5 0 ,0 0 0 (7 )1 0 ,8 4 0 ,9 8 9
$ 6 ,2 7 0 ,2 4 1
$ 4 ,3 7 9 ,3 2 2
♦ C h a r g e d t o p r o f it a n d l o s s , b u t s h o w n f o r p u r p o s e s o f c o m p a r is o n .
D I R E C T O R S .— J o h n S . K e n n e d y , A r th u r C . J a m es, G eorg e F . B a k e r,
W i ll ia m S l o a n e , J . P l e r p o n t M o r g a n J r . , L e w is C a ss L e d y a r d , H o w a r d E lli
o t t . C h a r le s S t e e le , G e o r g e W . P e r k in s , W illia m P . C l o u g h , J a m e s N . H il l ,
A m o s T u c k F re n ch , A le x . S . C o ch ra n , P a y n e W h itn e y a n d G ra n t B . S c h le y .
O F F I C E R S . — P r e s . , H o w a r d E l l i o t t , S t . P a u l , M in n .; V . - P . , J a m e s N .
H ill: S e c . , G e o r g e H . E a r l, N e w Y o r k : T r c a s . , C . A . C la r k , S t . P a u l.
N .1 Y . o f f i c e . 3 4 N a s s a u S t . — ( V . 8 5 , p . 1 0 7 9 , 1 0 8 3 , 1 0 8 7 , V . 8 6 , p . 2 8 6 .)
• N O R T H E R N P A C I F I C T E R M I N A L C O M P A N Y , O F O R E O O N .— O w n s
t e r m i n a l s o n t h e W i ll a m e t t e R i v e r , O r e . , a t P o r t l a n d , E a s t P o r t l a n d a n d
4
$1,000,000
6
654,000
154,000
4H g
2,500,000
5 g
See text. 7 In 1907
8,021 000
6 g
2,498,000
4 g
1.000,000
2.000.000
210.000
500.000
1,000.000
36,276
3.566.000
4
3
4
4
4
g
g
g
g
g
When
Payable.
Where Payable, and by
Whom.
Q— M
& J
& J
& O
Q— F
F & A
Q— F
J
& J
11 Broadway, N Y
do
do
do
do
Chase National B an k .N Y
J P Morgan & Co, N Y
do
do
J
J
A
J
J
Bonds— P rinci
pal. When Due
Stocks— Last
Dividend.
Mar
July
Jan
Oct
May
Feb
Feb
Farmers’ L & Tr Co, N Y July
Q— J
J P Morgan, N Y ; & Berp Jan
Q— F
do
do
Jan
do
& D
Dec
do
& J
July
do
July
Q— J
F
5
A
5
J
6
5
M
J
4 g
4)4 & 5
J
6 g
100
3,954 000 See text.
1.000
1893
794,000
5 g
100 3 5,000,000
1,000
1898
0 7 ‘ ,000
5 g
1,000
3,834,000
1889
5 g
1,498,000
1,000
1892
5 g
313,000
1894
1,000
5,094,000
1907 1,000 &c
4H g
4
285,000
1,000
1899
8
3,000,000
100
4
1,200,000
1,000
1897
500 &c
100,000
5 g
1002
£100
1905
5 g
(?)
g 40 m lies not o perated; sp urs, 261
$ 5 0 ,7 2 2 ,8 8 6 $ 4 6 ,5 2 4 ,5 7 4
$ 2 3 ,9 1 4 ,1 2 7 $ 2 2 ,2 9 0 ,0 3 1
1 .6 0 1 ,0 0 0
1 ,4 6 2 ,7 7 5
1 6 0 .4 6 9
1 5 8 ,3 6 0
....................................................
___________
__________
$ 8 ,5 5 5 ,7 6 0
%
t
1,000
1,000
1,000
1,000
1,000
$ 6 1 ,2 2 3 ,4 7 6
$ 3 0 ,1 2 8 ,0 4 3
2 ,2 1 3 .0 4 0
1 6 0 ,4 6 9
2 .0 0 0 ,0 0 0
1 ,0 8 1 ,9 8 0
$ 6 ,0 9 7 ,1 7 6
Rate
500 &c 105,979.500
500 &c 60,000,000
1,000 "7 ,5 7 7 .0 0 0
1.000 &c | 107613000 J
1.000 &c
G r o s s e a r n i n g s . $ 6 8 5 3 4 ,8 3 2
N e t e a r n i n g s ____ $ 3 0 ,8 7 0 ,5 1 5
T a x e s .........................
2 ,3 9 8 ,7 1 9
R e n t a l s , &C______
1 6 0 .4 6 9
D e p r c c . o f e q u ip .
* 5 ,9 2 6 ,7 5 2
In su ra n ce fu n d . .
___. . . . .
B a l.js u r .fo r y r .
Amount
Outstanding
$100
100 &c
1.000
1,000
100
1,000
1,000
1,000
H I S T O R Y . — T h is W i s c o n s i n c o m p a n y o n S e p t . 1 1 8 0 6 s u c c e e d e d t o t h e
r a i lr o a d s , la n d g r a n t a n d o t h e r p r o p e r t y o f t h e N o r t h e r n P a c i f i c R R .
f o r e c l o s e d In J u l y 1 8 9 6 . a n d r e o r g a n iz e d p e r p la n In V . 6 2 , p . 5 5 0 .
T h e o r ig in a l N o r t h e r n P a c i f i c C o m p a n y w a s c h a r t e r e d b y C o n g r e s s J u l y 2
1 8 6 4 ; 4 5 0 m ile s t o B i s m a r c k w e r e f o r e c l o s e d In 1 8 7 5 .
S T O C K . — T h e $ 7 5 ,0 0 0 ,0 0 0 p r e f e r r e d s t o c k w a s p a i d o f f a t p a r o n J a n . 1
1 9 0 2 , t h e c o m m o n b e i n g In c r e a s e d f r o m $ 8 0 ,0 0 0 ,0 0 0 t o $ 1 5 5 ,0 0 0 ,0 0 0 .
V.
7 3 , p . 1 0 6 2 , 1160; V . 7 4 . p . 4 1 ; V . 7 8 . p . 1223.
O n J a n . 7 100 7 t h e a u t h o r t e e d s t o c k w a s In c r e a s e d f r o m $ 1 5 5 ,0 0 0 ,0 0 0 t o $ 2 5 0 ,0 0 0 ,0 0 0 .
S e e b e lo w .
S t o c k h o l d e r s w e r e o t t e r e d t h e r ig h t t o J a n . 15 1 9 0 7 t o s u b s c r ib e p r o r a t a
f o r $ 9 3 ,0 0 0 ,0 0 0 n e w s t o c k a t p a r , p a y a b l e 5 % F e b . 1 a n d 7H% A p r i l 1
1 0 0 7 , a n d t h e r e m a in d e r In I n s t a llm e n t s o f 12 > 4 %
e a c h o n J u ly 1
1 9 0 7 , a n d t h e fir s t d a y s o f J a n ., A p r i l , J u l y a n d O c t . 1 9 0 8 a n d J a n . 1 9 0 9 .
P a y m e n t s t o a n d I n c lu d in g O c t . 1 100 7 c o u l d b o a n t i c i p a t e d If m a d e o n a n y
p r e c e d i n g I n s t a lm e n t d a t e .
V . 8 3 , p . 1471, 1524; V . 8 4 , p . 221.
T h e U n io n P a c i f ic s y s t e m In J u l y 1 9 0 7 o w n e d $ 4 ,1 5 2 ,8 0 0 s t o c k a n d h a d
s u b s c r ib e d t o r $ 2 ,4 9 1 ,0 0 0 a d d it i o n a l s t o c k .
V . 83. p. 1322, 1352; V . 84,
p. 508.
S u it t o s e t a s id e o w n e r s h ip o f s t o c k , V . 8 6 , p . 2 8 6 .
D I V I D E N D S .—
'0 9 . ’ 0 0 . '0 1 . ’ 0 2 . ’ 0 3 . ’ 0 4 . ’ 0 5 . '0 6 . ’ 0 7 .
1908.
O n c o m m o n ( %)___
2
4
4
5 )4
7 6M
7
7
7 I n c l .M a y ,3 )£
.......................................
......................
O n p r e f . ( r e t ir e d ) ( % )
4
4
4
1
B O N D S .— A b s t r a c t s o f t h e n e w P r io r L ie n a n d G e n e r a l L i e n m o r t g a g e s
o f 1 8 9 6 w e re In V . 0 3 , p . 1 0 1 2 -1 0 1 9 , a n d t h e s t a t e m e n t t o N e w Y o r k S t o c k
E x c h a n g e w a s In V . 6 3 , p . 1 0 7 2 , s h o w in g :
P r i o r lien 4 % s p u r c h a s a b le w it h la n d s a le s a t n o t e x c e e d i n g
110 ( b u t n o t s u b j e c t t o c a l l ) , n o t o v e r $ 5 0 0 ,0 0 0 c a s h y e a r l y
t o b e s o a p p l i e d . T o t a l Issu e ................. .....................................................$ 1 3 0 .0 0 0 ,0 0 0
I s s u e d ( o f w h ic h $ 1 ,5 5 2 ,0 0 0 In t r e a s u r y J u n e 30 1 9 0 7 ) ................... 1 0 5 ,9 7 9 ,5 0 0
I s s u e d , b u t p u r c h a s e d a n d c a n c e l e d ............................................................
4 ,1 7 0 ,5 0 0
8 , 3 5 0 ,0 0 0
R e s e r v e d t o r e t ir e S t . P a u l & N . P . a n d W e s t . R R . b o n d s _____
F o r n e w c o n s tr u c tio n , b e tte r m e n ts , e q u ip m e n t, & c ., u n d er
c a r e f u l l y g u a r d e d p r o v i s io n s , b u t n o t e x c e e d i n g $ 1 ,5 0 0 ,0 0 0
per ann um .
O r ig in a lly $ 2 5 ,0 0 0 .0 0 0 — s t ill h e l d .........................
1 1 ,5 0 0 ,0 0 0
O f t h e $ 1 9 0 ,0 0 0 ,0 0 0 g e n e r a l H en b o n d s , $ 1 3 0 ,0 0 0 ,0 0 0 a r e r e s e r v e d t o
r e t ir e t h e p r i o r lie n b o n d s a t m a t u r it y .
T h e St. Paul A Duluth Division m o r t g a g e s e c u r e s $ 2 0 ,0 0 0 ,0 0 0 p u r c h a s e
m o n e y b o n d s o n t h e f o r m e r S t . P a u l & D u lu t h , o f w h ic h $ 9 , 2 1 5 ,0 0 0 w e r e
I s s u e d t o a c q u i r e t h e r o a d , $ 5 ,2 8 3 ,0 0 0 a r e r e s e r v e d t o r e t ir e e x i s t i n g S t . P .
& D . b o n d s a n d th e b a la n c e fo r Im p ro v e m e n ts t o th e p r o p e r t y . V . 7 0 , p .
1250; V . 71, p . 1167.
T h e la n d s I n c lu d e d In t h e g r a n t o f t h e f o r m e r S t . P a u l
& D u lu t h a r e e s t im a t e d t o b e w o r t h a b o u t $ 4 ,0 0 0 ,0 0 0 , a n d w e r e n o t c o v
e r e d b y th e o ld m tg e s.
T h e y a r e t o b e s o l d a n d p r o c e e d s a p p li e d t o p u r
c h a s e o f t h e b o n d s a t n o t o v e r 1 0 5 a n d I n t e r e s t , o r If n o t p u r c h a s a b le a t
t h a t p r i c e , t h e n t o b e t t e r m e n t s . I m p r o v e m e n t s o r a d d it i o n s t o t h e m o r t
g a g e d p r e m is e s o r e q u i p m e n t t h e r e fo r .
T o J u l y 1 9 0 7 $ 2 , 3 0 3 ,0 0 0 h a d
b e e n th u s p u rch a s e d a n a c a n c e le d .
V . 7 1 , p . 1167; V . 7 2 , p . 339.
L A N D G R A N T . — T h e la n d g r a n t w a s 1 2 ,8 0 0 a c r e s t o t h e m ile In t h e
S t a t e s o f M in n e s o t a a n d O r e g o n a n d 2 5 .6 0 0 a c r e s p e r m ile In t h e (t h e n )
I n t e r m e d ia t e t e r r it o r ie s .
T h e a cre s o n J u n e 30 1907 n o t y e t s o ld w e re :
M i n n e s o t a ______ ______________
2 7 ,8 5 5 |W a s h i n g t o n -------------------------- 2 ,2 4 7 ,9 6 1
N o r t h D a k o t a - - - ...................
8 ,2 9 5 | O r e g o n ...........................................
2 4 ,2 5 8
M o n t a n a ____________________ 6 ,6 5 3 ,3 9 7
Id a h o
___ ___________________
5 8 3 ,5 9 8 | T o t a l w e s t o f M o . R l v e r . 9 , 5 4 5 , 6 6 3
L a n d s a le s In y e a r 1 9 0 6 -0 7 a g g r e g a t e d 1 4 0 ,9 2 0 a c r e s ; n e t a m o u n t r e c e iv e d
f r o m s a le s a n d l a n d c o n t r a c t s . $ 1 ,7 0 3 ,2 0 2 .
F I N A N C E S .— In 1904 N o r . P a c . a n d G t. N o rth e r n h a d a c q u ir e d $ 1 0 7 ,
6 1 2 ,6 0 0
o f t h e $ 1 1 0 ,8 3 9 ,1 0 0 s t o c k o f C h ic . B u r l. & Q u i n c y R R . In e x c h a n g e
f o r t h e ir J o in t 2 0 - y e a r 4 % g o l d b o n d s s e c u r e d b y t h e d e p o s i t o f t h e s t o c k In
t r u s t , o n t h e b a s is o f $ 2 0 0 In b o n d s f o r e a c h $ 1 0 0 s t o c k .
S e e c ir c u l a r ,
V . 7 2 . p . 8 7 1 . 103 4, 1135: V . 7 3 . p . 294 , 610: V . 85, p. 601.
S t o c k h o l d e r s w e r e In J a n . 1 9 0 7 o t t e r e d $ 9 3 ,0 0 0 ,0 0 0 n e w s t o c k a t p a r ,
p a y a b l e In I n s t a llm e n t s t o J a n . 1 9 0 9 , I n c lu s iv e .
See " S t o c k ” a b o v e .
E A R N I N G S . — F o r 9 m o n t h s e n d i n g M a r . 31 1 9 0 8 . g r o s s , $ 5 3 ,7 3 6 ,4 1 2 ,
a g a i n s t $ 4 9 ,5 0 3 ,3 0 2 In 1 9 0 6 -0 7 .
R E P O R T . — R e p o r t f o r 1 9 0 6 -0 7 In V . 8 5 , p . 9 1 6 , 1 0 7 0 , 1 0 8 7 ; e d i t . , p . 1 0 5 3 .
Years end. June ai). 191)6 0 7 .
1 0 0 5 -0 6 .
1 9 0 4 -0 5 .
1 0 0 3 -0 4 .
A v e r , m ile s o p e r .
5 ,4 4 4
-L 401
5 ,3 1 5
5 ,2 6 2
P a s s e n g e r e a r n s . . $ 1 6 ,9 2 4 ,1 8 8
$ 1 4 ,3 6 8 ,2 2 1
$ 1 1 ,3 3 5 ,8 5 2 $ 1 1 ,1 0 5 ,7 5 3
F r e ig h t e a r n i n g s . 4 8 .3 0 5 ,8 7 8
4 4 ,0 4 1 ,4 6 7
3 6 ,8 6 1 ,1 3 2
3 2 ,9 9 8 ,9 2 1
M a ll, e x p r e s s . & c .
3 ,2 1 4 ,7 6 6
2 ,8 1 3 ,7 8 8
2 ,5 2 5 ,9 0 2
2 ,4 1 0 ,9 0 0
B a l. f o r i n t _____$ 2 4 ,7 2 2 ,8 9 8
In te re st, e tc - - 7 .1 7 5 ,7 2 2
D l v . o n c o m . s t k .,'7 ) 1 0 ,8 5 0 .0 0 0
101
RAILWAY STOCKS AND BONDS.
&
&
&
&
&
&
1908 1 %
1 1917
1 2000
1 1945
1 '08 1 % %
1 1923
1 1923
1 1935
1
1
1
1
1
1997
2047
1996
1921
1921
A J P Morgan & Co, N Y Aug 1 1931
do
do
Oct 1 1917
O
Jan 1 1914
do
do
J
Sept 1 1916
do
do
S
June 1 1968
D
do
do
To 1909
J W inslow ,Lanier&Co.N Y Jan 1 1933
Jan 10 1908 5 %
See text. Checks mailed
M & N Farmers' L & Tr C o, N Y May 1 1923
A
J
J
A
M
A
& O
& J
& J
& O
& S
& O
Q— J
M & S
A & O
J & D 30
miles.
April 1 1928
Jan 1 1919
Jan 1 1912
Oct
1 1914
Alar 1 1957
Apr 1 1949
Apr 1 1908 2 %
Mar 1 1927
April 1 1932
1955
•$361 000 add’l In treasur y June 30 1907
San Francisco & N Y
New Y ork & Frankfort
Co’s office San Francisco
Eureka
New York
Safe Dep & Tr Co, Balt
Mech N at B k, Worcester
Com pany’s Office. Boston
City Nat Bk, W atert.N Y
A lbina, comprising lands 270 acres, trackage 38 miles, dock frontage 7,904
feet. Station at Portland, Ore., opened 1896. V . 69. p. 230, 441.
L E A S E .— Leased for 50 years from Jan. 1 1883 Jointly and severally to
Northern Pacific, Oregon R y . & Navigation and Oregon & California, with
guaranteed rental to pay Interest, sinking fund and taxes; leases assumed
In 1899 b y new N or. Pac. and Oregon R R . & N av. V . 69, p. 230.
S T O C K .— Stock ($3,000,000) owned b y said three companies (40% ) b y
Oregon R y . & N av. C o., 4 0 % b y N or. Pac. and 2 0 % b y Oregon & Cal.
R R . ) , and held b y Central Trust Co. o f New Y ork, to be delivered after
paym ents to the sinking fund, which Is to cancel the bonds.
• B O N D S.— The first mortgage Is for $5,000,000; In Sep .1907 $ 4 ,225,000 had
been
a n dIssued,
O c t . 1 o f which $659,000 retired b y sinking fund— drawings at 110
and Interest. (V . 83. p. 156: V. 84, p. 159; V. 85, p. 160; V . 86, p. 169.)
NORTHERN SECURITIES CO.— In 1904 the U . S. Supreme Court d e
clared the com pany to be a com bination In violation o f the A nti-Trust A ct,
and therefore Illegal. V . 76. p. 811, 919, 1249; V . 78. p. 1168. In April
1905 the pro rata plan o f liquidation given below was sustained b y the
U. S. Supreme Court, and the com p a n y’s holdings o f Great Northern and
Northern Pacific stocks were being distributed.
The stockholders voted on April 21 1904 to reduce the stock from $395.
400,000 to $3,954,000, the par value o f shares to remain $100. In return
for each 100 shares o f Northern Securities stock owned the holders to receive
99 times $39 27 stock o f the Northern P acific, or $3,887 73, and 99 times
$30 17 stock o f the Great Northern, or $2,986 83, and a stub for 1 % ($1001
o f the original N or. Sec. stock ow ned, the latter representing the remaining
assets In the treasury, pending com pletion o f dissolution, v . 78, p . 1223.
1275, 1392. ReDort for calendar year 1907 was In V . 86, d . 105.
D IV ID E N D S .— Dividends 1902, 4 % ; 1 9 0 3 ,4 )4 % : 1904, F eb ., 1 H % .
On stock as reduced, 5% each paid Jan. 101906 t o l9 0 8 . V .8 2 , p . l 0 1 .
O F F IC E R S .— Pres., James J. Hill; Sec. and Treas., E . T . Nichols; Gen.
Counsel. W*. P. Clough. O ffice, 26 Liberty S t., N . Y .— (V . 86. p. 105.)
NORTHWESTERN COAL R Y .— Allouez B ay. W isconsin, to Allouez Jet.
W Is., 2.53 miles, with coal wharf covering about 80 acres of land. V . 71
p. 698. Owned b y the Pittsburgh Coal C o., which guarantees the b onds,
o f which $220,000 are apportioned to the railroad and $574,000 to the coal
property. See official statem ent. V .71, p. 698.
Capital s to c k ,$ l,000,000.
For year ending June 30 1907, gross, $25,324; net, $2,663; lnt. and taxes,
$11,978: bal.. def. for year, $9,315.— (V . 71, p. 698.)
•NORTHW EST.— See Chicago & North W estern.
NORTHWESTERN PACIFIC R R .— Operates a system extending from
Point Tlburon, Cal. (whence ferry to San Francisco. 6 m iles), northerly to
E ureka,w ith branches,399 miles In all. Incorp. J a n .8 1907 Inthelnterest
o f South. Pac and A tch. T op . & S. Fe, which each own $17,499,500stockand
took o v e r b y consolidation the Cal. & N orthw ’n, San Francisco & N . Pacific,
North Shore R R .. San Fran. & Northwestern, Eureka & Klam ath River
and Fort Bragg & Southeastern. A connecting line of over 100 m iles Is to be
built from Wllllts to Pepnerwood, contract being let for part In Sent. 1907.
B ON DS.— San Fran. & North Pac. 5s Issued at $25,000 per mile; s. f.,
$25,000 y ’ly; bonds drawn at 110 and lnt. (Mtge. abstract, V . 49. p. 241.)
As to old North Shore 5s dated 1902, see V . 80, p. 1913; V . 74, p 1252.
O f the first and refunding 4 )4s o f 1907 ($35,000,000 a u th .), $10,000,000
has been Issued (of wlilcn $4,906,000 held In escrow in Marcii 1908),
$6,676,000 Is reserved to retire a like am ount of underlying bonds. $5,
000,000 for Improvements and equipment and $13,324,000 for branches
or extensions, Including one from Shively to W lllets and from W endllng to a connection with the line from Uklah to Tlburon. V. 84, p.
221, 694; V . 85, p. 222. R eport for year ending June 30 1907, In V . 85, p.
861, showed, gross, $2,955,432; net over taxes, $979,357; other Income,
$158,097; charges, $535,651; bal., sur., $601,804.— (V 85. p. 41. 223, 861.)
NORTHWESTERN RR. OF SOUTH C A R O L IN A .— W ilson Mill. S. C ., via
Sumter to Camden, 62.5 miles; branch, Millard to St. Paul, 3.5 m .; track
age, 5 m .; tota l, 71 miles. S tock. $100,000. D ividend, 6 % . paid yearly
Dec. 1900 to 1902; 1903 to 1905, 6 % ; 1 9 0 7 ,4 % . Year ending June 30 1907,
gross, $104,592; net. $33,748; ln t., taxes, & c.. $36,894; dividends (4 % ),
$4,000; bal., d ef., $6,146.
NORWICH & W ORCESTER R R .— Owns from N orw ich, C onn., to W o r
cester, Mass., 59 miles; branch, Norwich to G roton, 13 m .; total, 72 miles.
Leased to New England R R . for 99 years from Feb. 1 1869, and accepted b y
N . Y . N . H . & H . since July 1 1898: rental 8 % on pref. stock .— V . 70, p.
125.)
NORWOOD & ST. LAW REN CE R R .— N orwood to R aym ondvllle, N . Y ,.
7 ) 4 miles; opened Oct. 1901. S tock. $100,000; par o f shares. $100. Bonds
are subject to call at 110 after April 1 1912. Year ending June 30 1906,
gross, $56,355; net. $34,600; lnt. and taxes, $7,287; bal., sur., $27,313.
Pres., Chas. H. Rem ington; Manager, F. A . Sherman, N orfolk, N. Y
T reas., W arren F. H ow e, W atertow n, N. Y .— (V . 74, p. 1090.)
OODEN MINE R R .— Owns N olan’s Point (Lake H opatcong) to Sparta
(or Ogden Mine), N. J ., 10 miles. Leased for 999 years from Jan. 1 1882,
to Central R R . o f N . J. for 5 % per annum on capital stock and $500 yearly
for organization expenses.
___
OGDENSBURQ & LAKE CH AM PLAIN R Y .— See R u tla n d 'R R .
OHIO CONNECTING R y.— Owns bridge over Ohio R iver near Pitts
burgh, P a ., and approaches, 9.08 miles. Leased from Oct. 20 1890 for no
definite time to Pitts. Clncln. Chic. & St. Louis R y .; rental, net earnings.
Stock Increased In Dec. 1902 from $1,000,000 to $2,000,000 In $50 shares.
Bonds are guaranteed as to principal and Interest b y endorsement b y Penn
sylvania Company, which on Jan. 1 1907 owned the entire stock. Form of
guaranty, V . 81, p. 669. Dividends In 1906, 5 %; 190 7 ,7 % . For calendar
year 1907. gross, $395,208; net, $328,189; other Income, $46,409; charges,
$80,000; dividends (7 % ), $140,000; bal., sur., $154,502.— (V . 82, p. 281,
752.)
'
OHIO & KENTUCKY R Y .— Owns from Lex. & East. R y . at Jackson,
K y ., to cannel coal fields in Morgan C ounty, K y ., 26 miles. Operated by
Lex. & East. R y ., but independent operation resumed In July 1904. Com
mon stock, $200,000; preferred stock, $100,000; bonds,as above, $250,000;
Junior securities to be taken b y stockholders, $175,000. Bonds are guar
anteed b y Kentucky Block Cannel Coal Co
Year ending June 30 1905
gross, $81,511; net. $20,909.*iP res.. W . de L. W albridge. 1 Broadway
New York
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R A IL W A Y
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