Full text of Commercial and Financial Chronicle : April 29, 1882 : Investors' Supplement, Vol. 34, No. 879

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OF

TUB

Commercial & Financial Thronicle.

j

-

[Entered according to act of Congress, in the year 1SS2, by Wm. B. Dana. & Co., In the
office

NEW

INVESTORS’

SUPPLEMENT

year.

^Financial [fj^rontde.

icle

The S cpplement contains a complete exhibit of the
Funded Debt of
States and Cities, and of the Stocks and Bonds of
Railroads and other
Companies.
It is published on the last Saturday of
every other
month—viz., February, April June, August, October and
December.
It is furnished without extra
charge to all regular subscribers of
the Chronicle. Single copies are sold at $2
per copy.

B.

DANA

Sc

CO.,

INVESTMENTS—MARCH AND

and

Publishers,

gauge of the rate of interest

general invest¬
by individuals, this price of government securities
amounts to
nothing, for the price of government bonds is
constantly forced up by an artificial demand from parties
who are
practically limited to these securities, and who
would take them, for a while at
least, if they paid no
more than 2
cent a year. The large calls from the
per
Treasury Department are reducing the supply so
rapidly
that prices are
abnormally driven upwards.
on

The present
circumstances,
force to the article in the

however, give additional
February Supplement touching

upon the necessity of
having some new forms of invest¬
ment for trust funds
; and from the present outlook in
this field, that
necessity should most easily be met
so to speak, the mortgage loans on real
in truth a first-class
security, and

by

estate,—
only need
to be made
convenient, inexpensive to the purchaser, and
readily marketable at their fair value.
Now
road

are

as

to

have been considerable
the position of
stocks and bonds, and as a

changes in
type of the

largest fluctuations, N. Y. Central &
Hudson, usually
regarded as the king of the
market, has sold at 125,
after
selling at 155 in 1881 and 135J in January of this




pay

8

reports as given in the Chron¬
and determine which among them

buy.

Many persons, for instance, would
regard New York Central at 130 a safer purchase for

income than Lake Shore at 105. As to
the group of
stocks now strongest, the established
roads, of the North¬
west

undoubtedly have the preference,

Bonds have ruled below the

many cases.

For the

unnecesssary to
now

at

fair

on account

of the

ors can use

their

own

prices of last

habitues

of

the

enumerate

prices,

Wall

year in
Street, it is

various bonds

selling

accrued

interest; but invest¬
judgment and the opinion of their
ex

brokers, and can find not
change lists which are

few

a

a

very

bonds

on

the Stock Ex¬

fair investment, yielding

per cent per annum.

less
mortgage bonds on
roads which are known to have had net
earnings in the past,
the
following-named are among the lowest-priced bonds
selling at the Exchange, and their approximate quotations
are, given
ex
interest accrued to date, viz., Central
Iowa 1st 7s, 1899, at
110^ ; Charlotte Col.. & Augusta 1st
7s, 1895, at 108 ; Chic. & East. Ill. 1st 6s, 1907
(in liti¬
gation), 92 ; Erie second consolidated 6s, 1969, at 92 ;
Galveston Harrisburg & San Antonio 1st
6s, 1910, 103 ;
second 7s, 1905,
106; Louisville N. Alb. & Chic. 1st 6s,
1910, at 102 ; Metropolitan Elevated 1st 6s, 1908, at 100 ;
second 6s, 1899, at 91
; Nashville Chattanooga & St. Louis
1st 7s, 1913, at
114^ ; Norfolk & Western general mort.
gage 6s, 1931, at 101 ; St. Louis & San Francisco class
“B” and “C,” 4s in
1882, 5s in 1883 and 6s afterward, at
88£ ; Texas & Pacific consol. 6s, 1905, at 93 ; Richmond
& Danville consol.
6s, 1915, at 98Then there are in
Philadelphia the Reading general mortgage 6s, due 1908,
which Mr. Go wen has
given notice will be paid off July 1.
These carry the coupon of Jan.
1, 1882, unpaid, and have
another 3 per cent coupon due
July 1, and sell now at
97£, or ex interest about 93, and it is a question whether

practical suggestions for investments in rail¬ the holders
would

securities,—there

still

But for the
purpose of calling the attention of persons
familiar with financial affairs to some

ments

which

can

APRIL.

principal

mobilizing,

Supplement,

the safest to

capacity ; and the national banks, which must have bonds nearly 6
or
relinquish their circulation, have yet to come in as
large
buyers.
a

stock

immigration in that direction, the well-known
life and activity of
the country, and the heavy cash
receipts of the roads during the current year.

movement of interest in investment secur¬
ities has been the
extraordinary advance in government
securities of long dates. The 4
per cents of 1907 have
sold up to
121£, and there'seems to be as yet no limit to
their possible advance, for the chief demand
has so far come
from the savings
banks, insurance, and trust companies,
and other parties
holding money to invest in a fiduciary

As

if the

remarkable

79 <& 81 William Street.

The

It is obvious that

per cent, it is worth much more than 125 to 128
; and as
to this and other investment
stocks, purchasers must
look to their
history and
are

WILLIAM

Cougreas, Washington, D. C.l

YORK, APRIL 29, 1882.

OF THE

#

of the Librarian of

not do better to have

the

principal of
unpaid, as the mortgage trustees hold the
Company’s mortgage on their coal lands, and
the bonds seem to be well secured.
So long as interest
is in default,
however, they are certainly a semi-speculative
purchase.
the bonds go
Coal & Iron

INVEST UrtS1

11

AND BONDS
PENNSYLVANIA

STOCKS

A feature of

vania Railroad

SUPPLEMENT.

OWNED BY THE
RAILROAD.

great interest in the affairs of the Pennsyl¬
Company, and one having an important

fVoL. xxxiy.

present is that to effect the purchase an increase in the
stock to the extent of pretty nearly 9 million dollars was
necessary, enlarging in this amount the total of the capital
upon which dividends will have to be earned in the future,
The Philadelphia Wilmington & Baltimore pays 8 per cent
at present, but anything that the Pennsylvania receives from
this source is applied either in payment of the 4 per cent
annual interest upon the $10,000,000 trust certificates

bearing upon the yearly result of its operations, is the
large and steadily increasing amount of stocks and bbnds
which it holds.
When the Investigating Committee made
its report, detailed and full, early in IS74, the total of
stocks (par value) was $44,541,240 and the total of bonds (which supplied the remainder of the money for the pur¬
chase of that road) or as an increment to the sinking fund
$29,053,200, together $73,594,440. At the end of 1881
Though the road cost
this aggregate had been so far swelled that the company for the redemption of the bonds.
the Pennsylvania over 17 million dollars it is represented
was credited on its books with no less than $110,129,429
of securities (at par value), composed of $75,424,029 stocks in the list of stocks owned by only $10,890,950, that being
the par value of the stock bought, the remainder repre¬
and $34,705,400 bonds, which had cost $79,719,150.
The relative amount of stocks and bonds at the close of senting the premium paid.
In another respect has there been a change in the
each of the last three years, and their total cost as per the
Pennsylvania exhibit of stocks and bonds during the last
general balance sheet, are shown in the following table.
SUMMARY.
two years.
On December 31, 1879, the Pennsylvania
Railroad held $10,995,000 of the stock of the Pennsylvania
Dec. 31,
Dec. 31,
Dec. 31,
Class of Security.
1880.
1879.
1881.
Company, operating the Western lines. The entire capi¬
$
$
$
tal stock of that company at that time was $11,000,000,
44.167,800
Bonds (par value)
41,547,500
34,705,400
55,976,184 so that the
Stocks (par value)
75.424,020
56,597,096
Pennsylvania Railroad held the whole of it
110,129,429
98,144,596 100,143,984
except a few shares, and these it acquired during the next
65,481 682 year, making it absolute owner.
Cost as per general account
61,833.681
79,719,156
Then in 1880 it was
There is a natural increase from year to year, on thought desirable to transfer the ownership of the Newport
account of advances to roads leased or operated, for which & Cincinnati Bridge to the Pennsylvania Company so as
advances the Pennsylvania usually receives some sort of to bring it more directly under the supervision of the
security either in the form of stock or bonds.
This officers of the Western lines. Accordingly, $805,000 of
increase will go on until these roads are able to stand for Bridge stock was exchanged for $1,000,000 of Penn¬
themselves and meet all their charges, without financial sylvania Company stock. The Pennsylvania Railroad also
aid from the Pennsylvania.
But aside from the changes had in its treasury $1,200,000 of the bonds of the bridger
due to this cause, the stock and bond list of the Pennsyl¬ and these were transferred to the Pennsylvania Company
vania Railroad Company has within recent years under¬ during 1881, together with $1,938,100 of the stock of the
gone a number of material alterations, chiefly by reason of Jeffersonville Madison & Indianapolis Railroad, and
one or two transactions of considerable magnitude, and it
$5,000,000 of the debenture bonds of the Pennsylvania
is changes of this character that deserve the most atten¬ Company, for which three items the latter issued to the
tion as affording a clue to the course which is being Pennsylvania Railroad 8 millions of its stock, making the
pursued in the management of the vast interests repre¬ total issue $20,000,000, all held by the Pennsylvania
sented by this great corporation.
Railroad.
Just before his death, Mr. Thomas A. Scott, who was
A further change in the Pennsylvania Railroad’s
for so many years identified with the Pennsylvania and who holdings of securities took place with its determina¬
was chiefly instrumental in raising it to its present propor¬
tion to dispose of its interest in roads south of the Ohio
tions, gave it as his opinion that the system was so and Potomac rivers. The bonds of the Richmond & Dan¬
comprehensive that there was no necessity for any further ville ($1,843,800) and the stock of the Charlotte Columbia
extensions to protect its interests, and that the manage¬ & Augusta
($603,600) now no longer figure among its
ment would be fully able to develop and extend the traffic assets.
Then the company also appears to have deemed it
of the system without reaching out for other roads. But expedient to part with some other securities held by it not
circumstances alter cases, and in the administration of necessary to insure control of the properties on which
railroad properties new difficulties and complications are they are based—probably taking advantage
of the favora¬
all the time arising which not infrequently compel a ble state of the market.
At the beginning of 1880 it held
change of base or an abandonment of policy. Mr. Scott $710,000 of the consolidated general mortgage bonds of
resigned about a year before his death, but there was little the Northern Central and $1,000,000 of the second mort¬
change in the personnel of the management, and no doubt gage bonds. Now only the latter are held. Of Pittsburg
the new officers shared the views expressed by their old Fort Wayne & Chicago special guaranteed stock it retains
President.
Yet during 1881 these officers considered it only 27 shares, of par value $2,700, against 7,074 shares,
incumbent upon them to make one acquisition which alone of par
value $707,400, on December 31, 1879. Susqueentailed a cost of $17,032,879.
hanna Coal Company bonds held have been reduced from
'As between the Baltimore & Ohio and the Pennsylvania, $407,000 to $96,000 in the tw© years.
The International
the Philadelphia Wilmington & Baltimore held a neutral Navigation Company bonds to amount of 1£ millions
position, taking sides with neither, and probably the vanish from the list, and instead we have $625,000 Girard
Pennsylvania would never have thought of taking any Point Storage Company 1st mortgage bonds and $1,063,action looking to a control of that property, had not 700 of the same company’s stock.
In these various wavs
the Baltimore & Ohio first sought to acquire it and thus has the stock and bond account of the Pennsylvania Rail*
forced the Pennsylvania to take a like course to protect road been altered
during the last two years, so that the
itself, with more success than attended the efforts of the total of bonds is now only $34,705,400, against $44,167,Baltimore & Ohio.
But success was purchased at no mean 800 on
January 1, 1880, (the decrease being due mainly
figure, and the 317 miles of road thus acquired stand the to the transferral of bonds to the Pennsylvania Company
company, it will be seen, at more than fifty thousand and the sale of Richmond & Danville securities), and the
dollars per mile.
The main interest that this has at total of stocks has risen from $55,976,184 to $75,424,029-




’

April,

INVESTORS’

1882.]

what an important element this mass of secur¬

To show

that in 18S1 the income
yielded by it was $3,211,466. This is equivalent to over
four per cent on the cost of the securities and also to over
four per cent on the $77,672,750 of the capital stock of the
Pennsylvania Railroad outstanding on December 31 last.
No longer ago than 1878 this income amounted to only
$1 804 846. Looking a little more closely at the income

ities is,

find that the $3,211,466 included
just $1,000,000 for a five per cent dividend on the 20
millions stock of the Pennsylvania Company.
The whole
remainder of the income received was made up of small
items, only five of them being above $100,000 in amountThere is of course a

we

certain measure of safety in the deriv¬

large proportion of the income from many
different sources, yet it by no means follows that this
income is assured to the Pennsylvania Railroad under any
circumstances.
But at least it is safe to assume that unless
there should be widespread depression and universal-con¬
traction in business the greater part of it can reasonably
be depended on in the future.
Then the main question
would appear to be as to the $1,000,000 contributed by
the Pennsylvania Company.
There is a bare possibility
that the Pennsylvania Railroad might have to forego any
income from this source, if the earnings of the lines west
of Pittsburg & Erie should fall off too heavily.
The sub¬
joined tables, carefully compiled for the Supplement, will
show the changes in the Pennsylvania’s list of securities
such

a

since 1879.
LIST OF

BONDS OWNED (PAR VALUE) BY THE PENNSYLVANIA

RAILROAD

COMPANY.

Name of

Deo. 31,
1881.

Security.

Alex. A Fre lericksb., 1st 7s

Deo. 31,
1879.

1880.

$1,000,0(50
4,262.000
150,000
2,000.000

100,090
2.000,000

1,000,000

1.000,000

15,000

15.000

15.000

1,200,000

1,200,000

1,200,000

15,000

15.000

15,000

300,000

Burlington Cl, 1st (Vino. Br.).
overdue Gs
Central Stock Yard A Transit, 7s
'VCin. A Muskiugum Val., 7s
Cm. Street Connection, Gs
City of Pliila , G per cent loan.
Cleve.A Pittsb.,const.* oquip.7*
Columbia * Port Deposit, 1st 7s

300,000
752,000

300 ooa

752.000

$999,000
3.96 <,(>00

150,000

752,000
110,000

110.000
2.500

110,000
255,000

255,000

2,500
255,000

1,822,000

1,822,000

1,258,000

1,258,000

3,504,000

3,504,000

3,504.000
15,000

'

100,000
124,400

114,400

183,800

170,200

113.300
151.600

230,000
16,500

16,500
46.000

92,000
46.000

625.0 >0
440,000

440,000
249,000

440,000

l,500,0ul)

1,500,000

356,000
2->0,000

356,000

1,200,000

1,200,000

1,000.000
393,000

1,000,000

1,000,000

256,-00
473,000

264,500

249,000

249,000

3 45,000

356,000
200,OOo

200.000

710,00**

...

,

....

D

hiladolplna
Bo

485.000

100,000

certs of indebt.6s<

1,0 -0

),<>00

500,000
2.000,000

400,000
1,560,000

200,000

192.900
loO.OOO

443 00* =
1.605.00G
105.800
JOO.wOC

_.

Ky., 1st 7s..

Danv., consol.

100,000

6s
1st morfc. Gs.

2,095,000

..

Shamokm Val. A Pottsv., 1st 7s

Southwest Penn..

-1. L. \ an. ic T.
H

,

2d

eon v.

7s

..

Wilkesb., lstsLL;

-Susquehanna Coal, 1st Gs

Trenton Horse Car, 1st 7s

Sen A Franklin,
westernPeuu.

Branch, Gs..

general ?•

Tot.nl




96.000
5,400

1st 7s

1st 6a

S05.O00

488,600

....

225,00>
200,OOi
132,00
479,90*
407,00

5,4oO
535,590

5.40
486.00
288,00
io.oo
1,200 oo

2*8.000
10.000

284,700
10 000

2,200,000
P'O <

723 00

116.000

535,500

L

1,561.60
•282,80
805,00(

723,000
225,000
200,000
132,000
488,600

132,000

income Gs

u

Bo
Do

805,000
723,000
225,000
500,000

1st 7b

8timnnt Branch, 1st 7s

8uub. H &

3,680,000

264,000

3,680,000

Ricmn d A

170.000
lOO.OOo

3,680,000

100,000

general Gs
■
Do
6s
Pittsb. Cin. & St. L., consol. 7s
Pittsb. Va. &
Charleston, 1st Gs
,

3 000

643,000

& Erie, oous< 1. 5s.

£ tt8b.WhcePg&

485,000
6,40o,0oo

5,000 000
3,000

Do
2d 7s
A’nboy A Woodb’ge,lst6s

p...

OWNED

(PAR VALUE)

1,2 00.00u
•

—<

'

*”

“.17

'

-

,

BY TIIK PENNSYLVANIA

RAIL¬

ROAD COMPANY.

Name of

Dee. 31,
1881.

Security.

Allegheny Valley
American Steamship

Car Trust of

Dec. 31,
1879.

$1,250,000

900.000

900,000

$1,250,000
900,000

270,500
3,042.600

3,042,600

425,^OOl
3,042,000
15.000

Pennsylvania.

Charlotte Columbia & Augu
Chart iers

15.0 <1

33,300

r

33,300

326,350
1,100.000
519.55C

Columbus A Xenia.
Conned ing. 4

1,277.55C

Cresson Springs
Do

Deo. 31,
1880.

$1,250,000

.

.

Bald Eagle Valley
Baltimore A Potomac
Bell’s Gap

pref.

184,100

2.500
326.350

15,000
33,300
3,000
003,600
326,350

1,100,000

1,100,000

5!

9,550
1,277,400
975.800

519,550
1,277.400
132,150
975,800

237,200

182.15C
975.800
237.200
900
461,000
15,750

237.200

132.15 =

Freehold A Jamesburg Agr..
Germantown A Chestnut Ilill
Germant’u Norrist. A PhcenixA
Girard Point Storage Co
.

900

900

461.000
15.750
50.000

461,000

1,938.100

r

1,921,700

76.450

76,450
100,000

147,000

Keystone Hotel Co...

76,450
100.000

Lewisburg A Tyrone.

1 OO.OOOi

1,112.400

1,050,000

1,060
424.400 l'

Little Miami.
Lock Haven A Clearfield

1.060

424,100*

901.300
33 33 4

Mineral RR. & Mining Co

Moshannou A Clearfield
N. J. Warehouse A Guar. Co...
Newark A Delaware City
Newport A Cin. Bridge, pref..
North A West Branch

10,000
12.500

1,050,000
1,060

33.3 *4

421,400
25,000
901,300
33,334

10,000
12,500

25,000

Louisville Bridge Co

12,500

25.O00
901.300
-

172,500
805,000

3o6,Oo6

Northern Central
Northwestern Ohio
Pemberton A Sea Shore

2,421,000
1,600,000
25.000

Pennsylvania Canal
Pennsylvania Company
Pennsylvania Car Trust

3,517.150

20,000.000
1,509,00 1

Pennsylvania RR

Pennsylvania Steel Co
Philadelphia A Erie, common..
Do

49,500

1,063,700

Junction

735.100

2,541,800
2,100.* *00
109,200

pref..

Philadelphia A Long Branch...
Philadelphia A Meriou
Philadelphia A South’n Mail SS
Philadelphia Wilra. A Balt
Pittsb. Cin. A St. Louis, pref...
Pittsb. Ft. W. A C., spee’l guar.

2.421,000
1,600,000
25,000

3,517,150
12,000,000

585,300f
735.100

2,541.800
2,100.000
26,112
1,250

2,421,000
1,600,000
3.517,150

10,995,000
2,957,450
735,100
1,581,800

2,400,000
1,250

loiooo

10,000

3,000.000

3,000.000

3,000,000

2.700

416.800

707,400

1,251,050
500,000

952,400

405,000

500,000
322,000

96,000

1.000

1,000

10.890.950

Pittsb. Va. A Charleston

Pomeroy A Newark
Pomeroy A State Line
Railway Car Trust of Pa
Railway' Equipra’t Trust of Pa.
Richmond A Danville
River Front RR
St. Louis Van. A T. H.. 1st pref.
Southwest Pennsylvania
Summit Branch

180.000
837.000
38 4 950

800,6; Of
17.755

837,000
38 4.9 .0

17,755
837,000
384,950

2,190.200
4,000,000

United N. J. RR. A Canal
West Chester
West Jersey ($35 per share p’d)
Western Pennsylvania

2,190,200
1,000,00>

2,190,200

17,500
1.927.800
1.000.000
1,200.00* >
165 000
5 4.28 •

Sunbnry' Hazleton A.Wilkesb..
Susquehanna A Clearfield
Susquehanna Coal Co
Tyrone A Clearfield

1,258,000

Indiana?. A St. Louis, 1st 7s...
Do
equip. 8s

I

STOCKS

1,822,000

.

Col.Chic.A Iud.Cen.,.^5,000,OOO
loan. 7s
Col. Chic. & Ind. C.,$10,o0J,000
loan, 7s
County of Clark, III., 8s

International Nav., 1st 7s
Jeffersouv. Mad. & Ind., 1st 7s.
Jersey City A Bergen, 1st 7s...
Mifflin & Centre County, 1st 6s.
Newport A Cin. Bridge, 1st 7s..
Northern Central, consol. Gs
Do
2d general Gs
North A West Branch, 1st Gs...
Or’ge A New’rk Horso.consol 6s
Pennsylvania Canal, 1st 6s
Pennsylvania Co.. Jndgm’t 6s..
Pennsylvania RR., 1st Gs
Penn. & Delaware, 1st 7s

31,

2.000,000
1,000.000

Am. Rot. Mirble Lime A Coal,7s
Bald Eagle Valley. 2 l mart. 7s
Balt. A Potemao, 2d 6s. ineonie
Bedford A Bridgeport, 1st 7s ..
Bell’s Gap, 1st 7s
Belvidere Delaware, consul. 7s.

Cresson Springs Co., 1st 6s
E. Brandy wine A Waynes,1st 7sDo
Now
Holland ext., 7s
Erie A PiUsb., equipment, 7s
Frederick A Penn., 1st Gs
Freehold&Janiosb Agi-.,cous 6s
Girard Point Storage, 1st 5s

Dec.

$1,000,000
4,5-8,000
150,000

—

Allegheny Val., funded debt 7 s

„

LIST OF

111

it is only necessary to say

received in 1881

ation of

SUPPLEMENT.

17.500
1,826.* *00

16 >.000
5 4.285

17,500
1.826,000
1,000,000
600,000
165,000
54,285

994,250

993,050

994,250

1,000,000

900,oOO

1,000,000

$75,424,029 $56,597,096 $55,976,184

The lines west of
different heads.

are classified under three
those embraced in the Penn¬

Pittsburg

First

are

sylvania Company, commonly designated as the North¬
western system.
Then there is the Southwestern system,
or
the lines worked by the Pittsburg Cincinnati & St.
Louis Company.
Finally there are a few lines operated
under their own organizations, but on which the Pennsyl¬
vania has assumed part liability, including the Indianapolis
& St. Louis, the Vandalia & Terre Haute, the Grand
Rapids & Indiana and the East St. Louis & Carondelet.
The operations of the Pennsylvania Company in 1881
exhibited a profit of $2,860,7*2, after allowing for annual
charges of all kinds, but those of the Pittsburg Cincinnati
& St. Louis entailed a loss of $88,338 and the other lines
a loss of $260,486,
leaving a net profit of $2,511,927
on
all, against a similar profit of $3,072,052 in
The net income of the Pennsylvania Company
1880.
(embracing receipts and payments of every kind and
including $419,045 cash advances to the Pittsburg Cin¬
St.

Louis and

other

companies) was almost
precisely the same as the net profit on tao year’s traffic
operations; it wTas $2,866,183, which after providing for
toe $1,000,000 for dividends, left $1,866,183 to credit of
profit and loss account. And this latter sum we may take
as
the margin the company has to draw upon before
eu reaching upon the $1,000,000 required for
the dividend
cinnati &

•

on

the stock.

grj;

INVESTORS’ SUPPLEMENT.

IV

To facilitate reference to the former name
is

kept

up :

UNDER WIITCII
BE FOUND IN THE

A labama A Tennessee River
American Dock A Improvem’t

Louisiana A Missouri

Maine Central.

Atebison A Nebraska
Atchison A Pike’s Peak
Atlantic A Great Western
Atlantic A Gulf
Atlantic Mississippi A Ohio
Atlantic & Pacific
Baltimore Short-Line

Bay City & Saginaw

Long Dock Company

Flint A Pere Marquette.

„

Ohio Railroad.
Chicago & Northwest.

Bellefontaine A Indiana
Beloit A Madison
Berks County
Boston Hartford A Erie
Buffalo & Erie

Philadelphia A Reading.
New York & New England.
Lake Shore A Michigan Southern.
.Chicago Burlington A Quincy.

Burlington & Missouri

Missouri Pacific.
Missouri Pacific.

Cairo Arkansas A Texas
Cairo A Fulton

United Companies of New Jersey.

Cape May A Millville
Union Pacific Central Branch
Central of Long Island

West Jersey.
Central Branch Union Pacific.
Flushing North Shore A Central.
Vermont Central. s
Wab. St. Louis A Pacific.

Central Vermont
Cham. Havana A West

Wabash St. Louis A Pacille.
C. M. A St. Paul.
Columbus Chic. A Indiana Central.
Chicago A Alton.
Chicago A West Michigan.
Chicago A Northwest.
Illinois Central.
Chicago Rock Island A Pacific.
Chic. St. Paul Minn. A Omaha.

Chicago Cincinnati A Louisville
Chicago Clinton Dubuqe A Minn
Chicago A Great Eastern

Chicago A Illinois River

Chicago A Michigan Lake Shore
Cliieago A Milwaukee
Chicago A Springfield
Chicago A Southwestern
Chic. St. Paul A Minn

Cincinnati
Cinchmati
Cincinnati
Cincinnati

Marietta A Cincinnati.

A Baltimore
A Chicago Air-Line
A Indiana

Columbus Chic. A Indiana Central.
Cin. Indianapolis St. Louis A Cliic.
Lafayette A Chicago
C'iu. Indianapolis St. Louis A fc’hic.
Clayton A Theresa
Utica A Black River.
Cleveland Mt. Vernon A Del a ware.. Cleveland Akron A Columbus.
Cleveland Painesville A Ashtabulu.. Lake Shore A Michigan Southern.
Cleveland A Toledo
Lake Shore A Michigan Southern'.
Columbus A Indiana Central
Columbus Chic. A Indiana Central.
Columbus A Indianapolis Central... Columbus Cliie. A Indiana Central.
Columbus A Toledo
Col. Hocking Valley A Toledo.
Connecticut Western
Hartford A Connecticut Western.
Covington A Lexington
Kentucky Central.
.

Sioux City A Dakota.
Chicago A East. Illinois.

Dakota Southern
Danville A Vincennos

Wabash St. Louis A Pacific.
Lehigh Valley.
Union Pacific.

Denver Pacific

Detroit
Detroit
Detroit
Detroit

A Bay City
A Eel River
A Milwaukee
Monroe A Toledo
Detroit A Tontiac
Dixon Peoria & Hannibal

Michigan Central.

Dubuque Southwestern
Easton A Amboy

Chicago Milwaukee A St. Paul.

East Tennessee A
East Tennessee A

Eel River.
Detroit Grand Haven A Milwaukee.
Lake Shore A Michigan Southern.
Detroit Grand Haven A Milwaukee.
Chicago Burlington A Quincy.

Leliigh Valley.

East Tenn. Virginia A Georgia.
East Tenn. Virginia A Georgia.

Georgia

Virginia

.New York Lake Erie A Western.

Erie
Essex

Eastern (Mass.)
Evansville A Terre Haute.
Evansville A Crawfordsville
Evansville Henderson A Nashville..Louisville A Nashville.
Evansville A Terre Haute
Chicago A East. Illinois.

Flint A Pere Marquette.

Flint A Holly
Florence El Dorado AW
Florida Central

Atchison Topeka A Santa Fe.
Florida Central A Wester^.

Framingham A Lowell

Lowell A Framingham.

Toledo Delplios A Burlington.
Chicago A Northwest.

Frankfort A Kokomo
Galena A Chicago Union

Grand Rapids New A L.
Grand River Valley

Chicago A West Michigan.
Michigan Central.
Wabash St. Louis A Pacific.
Green Bay Winona A St. Paul.

Shore

Great Western (111.)
Green Bay A Minnesota

Columbia A Greenville.

Greenville A Columbia
Hannibul A Central Missouri

Missouri Kansas A Texas.
Wabash St. Louis A Pacific.
New Y"ork New Haven A Hartford.

Hannibal A Naples
Harlem A Portchcstcr

Cliieago Milwaukee A St. Paul.
Flint A Pere Marquette.

Hastings A Dakota
Holly Wayne A Monroe
Holyoke A Westfield
Houston A Great Northern

New Haven A Northampton.

Missouri Kansas A Texas.
Chic. St. Paul Minneap. A Omaha.

Hudson A River Falls

Illinois Grand Trunk
Chicago Burlington A Quincy.
Illinois A Southern Iowa
Wabash St. Louis A Pacific.
Indianapolis Decatur A Springfield.
Indiana A Illinois Central
Indianapolis Bloom. A West. Exten. Champaign Havana A Western.

Indianapolis A Cincinnati

Indianapolis Cin. A Lafayette
Indiaaapolis A Madison
International A Great Northern

Cin. Indianapolis St. Louis A Chic.
Cin. Indianapolis St. Louis A Chic.
Jeffersonville Madison A Ind.
Missouri Kansas A Texas.

Detroit Lansing A Northern.
Iowa City A Western
Burlington Cedar Rapids A Nortli’n.
Chicago Milwaukee A St. Paul.
Iowa A Dakota
Iowa Midland
Chicago ANorthwest.
Iowa A Minnesota
.Chicago Milwaukee A St. Paul.
Iowa South. A Missouri North. —Chicago Rock Islaud A Pacific.JTaokson Lansing A Saginaw
Michigan Central.
Jamestown A Franklin’.
Lake shore A Michigan Southern.
Ionia A Lansing

,

Joliet A Chicago
Chicago A Alton.
Kalamazoo Allegan A Gr. Rapids ..Lake Shore A Michigan
Kfilajnazoo A Schoolcraft
Lake Shore A Michigan
Kalamazoo A South Havcu
Michigan Central.
Kalamazoo A White Pigeou
Lake Shore A Michigan

Southern.

Southern.

Southern.

A Cameron
Kansas City A Eastern
Kansas City St. Jos. A Council B
Kansas City St. Louis A Chic
Kansas City Topeka A Western

Hannibal A St. Joseph.
Missouri Pacific.
Chicago Burlington A Quincy.
Chicago A Alton.
Atchison Topeka A Santa Fe.

Iiackawanna A

Delaware Lackawanna A Western.

Kansas City

Kansas A Nebraska
Kansas Pacific

Bloomsbury

St. Joseph A Western.
Union Pacific.

Lafayette Bloomington A Muncie...Lako Erie A Western.
Lake Erie Wabash A St. Louis
Wabash St. Louis A Pacific.
Leavenworth Atchison A N’west
Missouri Pacific.
Leavenworth Lawrence A Galv
Kansas City Lawrence A Southern
Leeds A Farmington
Maine Central.

Lehigh A Wilkcsbarro Coal Co




Central of New Jersey,

THEY

WILL

Chicago A Alton.
Lexington..Louisville A Nashville.
St. Louis—Louisville Evansville A St. Louis.

Wash. City Va. Mid. A Gt. Southern
Georgia RR. A Banking; Co.

Lynchburg A Danville
Iflacon A Augusta

Central Railroad A Bank Co., Ga.
Cleveland A Marietta.

Macon A Western
Marictte Pittsburg A Cleve

.Connecticut A Passumpsic.
.Louisville A Nashville.

Massawippi
Memphis A Ohio

Chicago A Northwest.

Menominee River

Manhattan Elevated.
Michigan Central.
Lake Shore A Michigan Southern.
New York Susquehanna A Western

Metropolitan Elevated
Michigan Air-Line
Michigan So. A North’ll Indiana
Midland of New Jersey
Milwaukee A Western
Minnesota Central
Minnesota Valley

Chicago Milwaukee A St. Paul.
Chicago Milwaukee A St. Paul

:

Chicago A Northwest.
Vermont A Canada.

Missouri River Fort Scott A Gulf

Chicago St. Louis A Now Orleans.

..

.Kansas City Fort Scott A Gulf.

Missouri Pacific.

Missouri River RR
Montclair
Monticello A Port Jervis
Nashua A Rochester
Newark A New.York
New Bedford Railroad

New York A Greenwood Lake.
Port Jervis A Monticello.
Worcester A Nashua. .

Central of New Jersey.

Boston Clinton Fitchburg A N. B.

New Jersey Midland
New Jersey RR. A Transportat’n
New Mexico A So. Pacific
New Orleans Jackson A G. N
New Orleans Pacific
New York Elevated
New York A Manhattan Beach.
New York A Oswego Midland
New York A Rockaway
Newtown A Flushing
Niles A New Lisbon:

Norfolk A Petersburg
Northern Cross
North Missouri
North Wisconsin
Northwestern North Carolina

Northwestern Union
Northwestern Virginia
Oakland A Ottawa River
Ohio A West Virginia
Oil Creek
Omaha A Southwestern

New York Susquehanna A Western.
Co.United New Jersey 11R. A Canal (X>’a
Atchison Topeka A Santa Fe.

: .Chicago St. Louis A
Texas A Pacific.

New Orleans.

Manhattan Elevated.
Manhattan Beach Co.

New York Ontario A Southern.
Long Island.
Long Island.
Cleveland A Mahoning Valley.
Norfolk A Western.
Chicago Burlington A Quincy.
Wabash St. Louis A Pacific.
Chic. St. Paul Minn. A Omaha.
Richmond A Danville.
Cliieago A Northwest.
Baltimore A Ohio.
Detroit Gr. Haven A Milwaukee.
Col. Hocking Valley A Toledo.
.Pittsburg Titusville A Buffalo.
i...Burlington A Missouri in Nebraska
Lake Ontario Southern.
...

Ontario Southern

Chicago Milwaukee A St. Paul.

Davenport A Northwest
Decatur A East St. Louis
Delano Land Co

WHICH

Missouri Pacific.

Mississippi Central

Camden A Amboy

UNDER

following index

New York Lake Erie A Western.

Missisquoi

Central Pacific.

California A Oregon

Louisville Cincinnati A
Louisville N. Albany &

the

BE FOUND IN THE TABLES.

FORMER NAMES.

Lexington A Southern

Denver & Rio Grande.
Chicago Burlington & Quincy.
..Union Pacific,Central Branch.
New York Pennsylvania & Ohio.
Savannah Florida A Western.
Norfolk A Western.
St. Louis A San Francisco.
Marietta A Cincinnati.

Valley

reorganized
NAMES

THEY WILL

TABLES.

Selma Rome A Dalton.
Co.. .Central of New Jersey.

Androscoggin A Kennebec

RAILROADS.

any company that has been consolidated or

NAMES

FORMER NAMES.

Arkansas

of

OF

NAMES

TO

INDEX

[Pol. XXXIV.

Washington City Va. Mid, A Gt. So.

Orange A Alexandria
Ottawa Oswego A Fox River

Chicago Burliugton A Quincy.

Missouri Pacific.
Chesapeake Ohio A Southwestern.
Peoria Decatur A Evansville.

Pacific of Missouri
Paducah A Elizab thtown
Pekin Lincoln A Decatur

Peninsular (Midi.)
Peoria Pekin A Jacksonville

Chicago A Northwest.
Wabash St. Louis A Pacific.
Buffalo Pittsburg A Western.
Atchison Topeka A Santa Fe
Chicago A Lake Huron.

*

Pittsburg Titusville A Buffalo
Pleasant Hill A De Soto
Port Huron A Luke Michigan
Port Royal
Portland A Kennebec
Prairie du Cliien
Pueblo A Arkansas Valley

Quincy Alton A St. IiOuis
Quincy Mo. A Pacific
Quincy A Palmyra
Quincy A Toledo
Quincy A Warsaw
Kepublican Valley

Rochester A Northern Minnesota

Port Royal A Augusta.
Maine Central.

Chicago Milwaukee A St. Paul.
Atchison Topeka A Santa Fe.

Chicago Burlington A Quincy.
Wabash St. Louis A Pacific.
Hannibal A St. Joseph.
Wabash St. Louis A Paciflo.
Chicago Burlington A Quincy.
Burlington A Missouri in Nebraska*
...Chicago A Northwest.
St. Joseph A Western.
®
St. Joseph A Western.

St. Joseph A Denver City
St. Joseph A Pacific
St. Louis Iron Mount’n A Southern.Missouri Pacific.
St. Louis Jacksonville A Chicago
Chicago A Alton.
St. Louis Kansas A Arizona
Missouri Pacific.

St.
St.
St.
St.
St.
St.

Louis Kansas City A

Northern...Wabash St. Louis A Pacific.
Missouri Pacific.
Chicago Burlington A Quincy.
Louisville A Nashville.
Chicago Milwaukee A St. Paul.
St. Paul Minneapolis A Manitoba.
Chic. St. Paul Minn. A Omaha.
Chic. St. Paul Minu. A Omaha.

Louis A Lexington
Louis Rock Island AC
Louis A Southeastern
Paul A. Chicago
Paul A Pacific
St. Paul A Sioux City
St. Paul Stillwater A T. F

Sandusky City A Indiana
Sandusky Dayton A Cincinnati
San Francisco Oakland A Alameda
Savannah Albany A Gulf
*
Schoolcraft A Three Rivers
Scioto A Hocking Valley
Sioux City & Dakota
Sioux City A St. Paul
Smithtown A Port Jcffersou
South Pacific (Mo.)
South Side, (L. I.)
South Side (Va.)
:
Southern Georgia A Florida

Cincinnati Sandusky A Cleveland.
Cincinnati Sandusky A Cleveland.

.Central Pacific.

Atlantic A Gulf.
Lake Shore A Michigan Southern,
Marietta A Cincinnati.

Chicago Milwaukee A St. Paul.
Chic. St. Paul Minn. A Obama.

..Long Island.

St. Louis A San Francisco.
Brooklyn A Montauk.
Norfolk A Western.

Savannah Florida A Western.
Chisago Milwaukee A St. Paul.
Spartanburg A Asheville.
Asheville A Spartanburg.
StansteadS. A Chambly
Vermont Central.
Stenbenville A Indiana
Pittsburg C. A St. Louis.
Philadelphia A Erie.
Sunbury A Erie
Tebo A Neosho
Missouri Kansas A Texas.
Tennessee A Pacific
Nashville Chattanooga A St. Louis.
Toledo A Illinois
Wabash St. Louis A Pacific.
Toledo Logansport A Burlington
Columbus Chic. A Indiana Central.
Toledo Peoria A Warsaw
/.
Wabash St. Louis A Paciflo.
Toledo A Wabash
Wabash St. Louis A Pacific.
Union A Logansport...
...Columbus Chic. A Indiana Central.
Union A Titusville
Pittsburg Titusville A Buffalo.
Utah Southern
Utah Central.
Virginia Central
Chesapeake A Ohio.
Virginia A Tennessee
Norfolk A Western.
Wabash A Western
Wabash St. Louis A Pacific.
Southern Minnesota

..

.

.

Houston A Texas Central.
Washington City Va. Mid. A Gt. So. Virginia Midland.
West Chester A Philadelphia
“...Philadelphia A Baltimore Central.
West Wisconsin
Chicago St. Paul A Minneapolis.

Waco A Northwest

Western Pacitio
Western Union Railroad
Wichita A Southwestern
Winona A St. Peter

Wisconsin Valley

Central Pacific.
.
Chicago Milwaukee A St. Paul.
.Atchison Topeka A Santa Ie.
Chicago A Northwest.
.
c

^

'.Chicago Milwaukee A St..raui.

STOCK AND BOND TAB LES.
NOTES.
expressly intended to be used in connection with the information concerning Investment matters, published from week to
week in the Chronicle—to which an index is furnished in the remarks at the foot of the tables. Annual reports are in black-faced
figures.
A description of U. S. Government Securities is published in the Chronicle each month, as soon as the official “ Debt
Statement" is issued.
Prices of all active Stocks and Bonds are quoted weekly in the Chronicle, and a list of general quotations is
published monthly.
The following will give explanations of each column of the tables below:
Description.—Railroads leased to others will sometimes be found under tlio lessee’s name. The following abbreviations frequently occur, viz.:
M. foi ‘‘mortgage.” s. i. for “sinking fund," 1. gr. for “ land grant," reg. for “ registered," coup, for “
coupon," Br. for “Branch," guar, for
“guaranteed." end.for “endorsed." “ Coupon*" indicates that the bonds are coupon, blit may be registered.
Date of Bonds.—The date of issue is referred to in this column.
Hites of Road.—Opposite Stocks, this means the miles of road operated, on which the earnings are based; opposite
bonds, the miles covered
Those tables are

00798788811
by the mortgage.

Size or Par Value—These figures are dollars, showing the denominations or par value. The figures “ 100, &c.,”
signify $100 and larger.
Bate Per Cent.—The interest per annum is given for bonds, but the per cent of last dividend for stocks; g means gold;
x, extra; 8, stock orsorip.
When Payable.—J. & J. stands for Jan. & July; F. & A., Feb. & Aug.; M. & 8., March & Sept.; A. & O.,
April & Oct.; M. & N., May & Nov.; J. & D.,
June & Dee,; Q.—J., quarterly from January; Q.—F.,
quarterly from Feb.; Q.—M., quarterly from March.
Bonds, principal tvhen due; Stocks, last dividend.—The date in this column shows the period when the principal falls due of
bonds, but the time
when the last dividend was paid on stocks
•

STATE SECURITIES.

Subscribers will confer

a

great favor

DESCRIPTION.

by giving immediate

Date of

Size

For

explanations see notes above.

Value.

Alabama,—Substitution bonds (A) ($7,000,000).
Substitut’n b’ds for RR. (B) ($590,000).
do
for Ala. & Cliatt. (C) ($1,000,000

Educational funded debt
;.
For fimd. “obligat’ns" (tax-rec’ble 10-20 yrs.)

Arkansas— Funding bonds of 1869 and 1870..

Funding Bonds 1870 (Holford)

Levee bonds (or warrants)
Old unfunded dobt, including interest.
Ten year b’ds, Act May 29,’74

1876

-

$100«fec.

1876

100 &c.
100 &c.

1876

1880
1869 to ’70
1870
1871
1838 to ’39
1874
1875

•

do

not taxable, 20 year..

....

1,000

1,000
1,000
1,000
1,000
1,000

Delaware.—Refund’g bds.,

ser.

....

500 &c.
....

500 &c.

1,000

1,000
100 &c.

1865
1877

-

.

J refc,18t a-

“A," “ B" & “C"

1,000
1,000

1881
1872

Disk of Columbia- Perm’t imp’t, gold, coup
Permanent improvement bonds, coupon
Bds for fund’g (Act June 10, ’79) coup, or reg.
Fund, b’ds (U.S.guar.,Acts June,’74&Feb.,’75)
Market stock, coupon

500 <fce.
100 &c.
100 &c.
50 &c.
50 &c.
1,000
100 &c.

1873
1879
1874
1872
Water stock bonds, coupon
1871 to ’73
Wash, fund’g, gld,($060,000 are M.&N.,1902).
1872
Florid a—State bonds
1871
1,000
Consolidated gold bonds.
1873
1,000
Oeoryia—Atlantic & Gulf Railroad bonds
1866
500
act of Mar. 12, ’66 (renewal W. & A.)..
Bends,
1866
500 &c.
Quarterly gold bonds, act of Sept. 15,1870..
1870 ■
1,000
Bonds, act of Jan. 18, ’72
1872
1,000
Bonds for funding (Act Feb. 19, ’73)
1873
250&C.
Bonds to fund coupons on endorsed bonds...
1876
1,000

Bonds exchanged for endorsed RR. bonds

Indiana—Bonds,

coup, (pay’ble after
School fund bonds (uon-negotiable)

Kansas—Bonds, 1861

1877
1879

&c

Military loan

$6,578,000
539,000
931,000
2,810,670
960,000

1,000

1,886,000
1,268,000
1,986,773
1,985,955
181,500
412,000
1,200,000
1,000,000
1,200,000
600,000
1,350,000
1,353,120
95,500
500,000
2,796,000
877,000
1,318,500
1,741,100
1,031,000
715,000

3,911,300
655,500
989,300

14,012,000
150,000
374,000
1,877,530
350,000
925,000
300,500

773,000

307,500

7

11, 1870, the State gives the lien

....

the lands
acres.
Tax rate, 1879-80,
7 nulls;
1880-81, Camilla. The assessed valuation of real estate and
personalty was $126,773,262 in 1879 and
$123,757,072 in 1880. (V.
<5*, p. 182.)

railroad, 500,000 to 1,200,000

on

7(£!wl,wc[?*--The State Supreme Court decided Levee bonds of
0
default for interest, except

on

1869 and

the 10 per

sinking fund bonds issued under the law of
-Assessed valuation of taxable property in 1880 about
ooo,000, and tax rate 7^3 mills. The
following are tiie latest official

assessments:

$61,812,088
61,892,881
55,713,115

7SZ?
IS"

~(V. 32, p. 5t>6

thp

;

V. 33, p. 328, 525.)

f-'telrTI1.e state

Personal.

Tax Rate.
10
$29,842,103
10
31.971.308
7
32,366,893

32,613,686

llokls in trust for School

7ig

and University funds

amSSS’?0? CaPlto1 ,)0Tld8 and also bonds of 1873, in all $2,690,000.
Years valuatlous and rate of tax per $1,000 have been :
Real Estate.
Personal.

]oll

6

lOO&c.

ue

Roal Estate.

7

100 &c.

District

J. & J. N. Y., Importers’ & Tr. Bk.
J. & J.
do
do
J. & J.
do
do

July 1,1906
July 1, 1906
July 1.1906
Jan. 1, 1900
1899
1900
1900
I860

J.
J.
J.
J.
A.
A.
A.
A.
A.

N.

Montgomery.
Y., Union Trust Co.

& J.
do
do
& J.
& J.
Little Rock, Ark.
& J. New York, Nat. City Bank.
& O.
N. Y., Union Trust Co.
& 0.
do
do
& O.
do
"do
& O.
do
do

& 0.

do

1884
1905
1899
1900
1900
1900

do

April, 1900

J.
J.
I.
J.
J.
A.
M.
J.
J.
J.
J.
F.
J.
J.
J.

& J.
1883
Sacramento, Treasury. & J.
do
do
1885
& J.
do
do
1893
& J.
Jan. 1, 1883
Hartford, Treasury.
& J.
do
do
Jan. 1, 1884
<fe O.
do
do
Oct. 1, 1885
& N.
do
do
Mayl, 1897
& J.
Pliila., Pliila. Nat. Bank.
1886,1891, 1901
& J. Wash, or N. Y., U. S. Treas.
July 1, 1891
•
& J.
do
do
July 1, 1891
& J.
do
do
July 1, 1899 •
& A.
do
do
Aug. 1. 1924
& J.
do
do
July 26,1892
& J.
do
do
Oct. 1,1901 to ’03
& J.
do
do
1892 & 1902
Jan. 1, 1901
N.Y., Donnall, Lawson& Co.
J. & J.
do
do
Jan. 1,1903
F. & A. N. Y., Fourth National Bk.
Feb. 1,1886
J. & J. N. Y., National Park Bank.
May, 1886
do
do
Q.—J.
Oot., 189t)
J. & J.
do
do
July, 1892
A. & 0.
do
do
April 1, 1886
J. & J.
do
do
July 1, 1896
J. & J.
do
do
Jan. 1, 1889
A. & O.
N. Y., Winslow, L. & Co.
April 1, 1889
Various
do
do
N. Y., Am. Exch. Nat. Bk.
July.
1883 to’84
J. & J.
do
do
1884 to ’99
'

8

1861 to ’75

for
$1,000,000 of the new bonds, Class C, which bear 2 per cent till 1881,
and 4
per cent for remaining 25 years. For railroad endorsements the
bonds issued bear 5 per cent. In 1880 the new 6
per cent bonds were
issued to retire old 8 per cent “State
obligations."
Analj'sis of the
aeot and funding
operations wTas given in the Chronicle, V. 24, p. 28.
B or the
$2,000,000 of State 8 per cent bonds issued to tlie Ala. & Cliatt.
RR. under act of Feb.

1875.

•

7 g.
7

1861 to ’69

Due.

J. & J.

6 g-

2,097,000
307,500
500,000
542,000

Ser cent for last 10 years, for old bonds,endorsed any allowance for pastcoupons. Alabama & Chattanooga without bonds were exchanged

secured

7
5 & 8
7 g.
7 g.
6 g.
6
6
6
5
4
6 g7
5
365
7
7
6 g.
7

7

Alabama.—The State gave 30-year bonds, dated July
1,1876, bearing
1881, then 3 per cent till 1886, 4 per cent till 1896, and 5

#10^4 Tke State 18

6
6
6
7
6
10
6
7
7
7
7

6

Principal—When
pal—

Where Payable and by
Whom.

J. & J.
J. & J.

-

5
6
6
7

....

1864 to’65

cents or 1874 and

Payable

3 «fcc.
5
4 &c.

3,600,000

2 per cent till

granted to that

Rate.

2,298,000
585,000
3,904,783
101,175

Apr. 1/84)

to ’69, funding,
Bonds for various State purposes

Outstanding

•

1,000

To Little Rock & Fort Smith Railroad
1870
To Little Rock, Pine Bluffs & N. Orleans RR..
1870
To Miss.. Ouachita & Red River Railroad
1870
To Arkansas Central Railroad
1870
State scrip
1863
Califor ni a— Soldiers’ relief
7
1863
State Capitol bonds
1870 & ’72
Funded debt bonds of 1873
1873
Connecticut—War bonds, 20 year
1863
Coupon
War bonds, 20 year
1864

New bonds, 10-20 year

•

100 &e.

1869

or

•

1,000
1,000

INTEREST.

Amount

or

Bonds.

notice of any error discovered in these Tables.

do

do

1884 to ’99

of Columbia— The total assessed value of taxable real estate

and personal property is shown below. The interest and
sinking fund
on the 3-65 bonds are
provided for by Congress, and the amount is
limited to $15,000,000.
Real and personal estate, &c., has been
assessed as follows:
Real Estate.
Personal.
Tax Rate.
1878
$97,609,890
$15
$17,239,051

87,491,442

13,363,920

1$

88j953,078

10,895,712

90,308,495

9,666,272

15
15
15

87,980,356

1881

1882

—(V. 32, p. 69.)

Florida.—Less tlie sinking fund of $150,700, the total debt is $1,125,300, which docs, not include $132,000 bonds of 1857, held by Indian
Trust Fund. About $460,000 of the bonds are held in school funds, <fcc.
Coupons of the consolidated bonds are receivable for taxes. Real and
personal property assessed in 1879 at $30,938,209; in 1881, $36,69 1,
823. (Y. 32, p. 100.)
•

Georgia.—The constitutional amendment in 1877 declared void several
There were issued $400,000

issues of bonds and railroad endorsements.
4 per cent

bonds in 1880, but all except $107,000 taken up and can¬
value and tax rate per $1,000 have been:
Personalty. Rate of Tax. Total Debt.
$140,153,250
$95,506,280
$500
$10,644,500
134,635,886
91,585,832
500
10,444,500
134,244,081
90,849,338
350
9,951,500
139,657,250
99,276,876
350
—(Y. 34, p. 88.)

celed

in that year. Assessed
Years.
Real Estate.

Tax Rate.

Indiana—Indiana made a compromise with her bondholders in 1846,
giving them State stock for one-half of their bonds and overdue coupons,
and Wabash & Erie Canal stock for the balance, about $7,500,000. There
fgg?
are also outstanding $340,000 5 per cent bonds, due 1901, held by Pur¬
146,180,978
due University. Valuation, 1881, of taxable property:
of Connecticut was all created
Real estate,
originally for
Ypn™P0se8, ^iJSee8e(i valuation and tax rate per $1,000 have been: $541,110,434; personalty, $220,858,701.
io77
Real Estate.
Tax Rate.
Personalty.
Kansas.—Kansas has but a small State debt, but the issue of muuicipa
1070
$238,027,032
150 bonds w'as about
$106,379,^45
$13,000,000. The valuations (at one-half of true
187q
235,412,691
99,970,163
1*50
value) have been:
teon
228,987,700
95,901,323
1*50
Real
Personal
Rate of Tax
Total
$3“>7 iso 435
>
e assessed
Estate.
Debt.
valuation of real estate is about 70 per cent of the true value. Years.
per $1,000.
Property.
1877
$97,483,242
$39,997,287
$5 50
i *.,181,975
raiding bonds issued July, 1881, take up out- 1878
5 50
97,567,623
41,131,187
1,181,975
18
5 50
101,229,734
are $250>000* redeemable July, 1882 to
43,700,545
1,181,975
$165 OOftSLw ’ t?0?*0,00* redeemable July, 1886 to 1891; series “C,” 1830
5 50
108,101,1231,181,975
52,469,638
^6J,000, redeemable July, 1891 to 1901.
(V. 32, p. 500.)
-State funds hold $716,950 of the bonds.

jooA

$458,172,198

466,273,585
460,694,217
464,082,851

$128,780,824
118,304,451
149,656,007

$6-20
5-50
6*40
6-55

v

.

8^A™”




.

■Hi i

SECURITIES.

STATE

VI

Subscribers will confer a great favor by giving

fVoi. XXXIV.

Immediate notice of any error discovered In these Tables.
INTEREST.

-

Date of
Bonds.

DESCRIPTION.
For

do
to Mississippi A Mexican Gulf Canal..
do
school, held bv 8t. Treasurer
to N. Orleans, Mobile A Clrntt. RR
do
do
to N. Orleans, Mobile A Texas RR
N. O. Mob. & Texas RR. bonds, end. by State

1853
1866
1867
1870
1866
1870
1869
1857
1870
1871
1869
1874
1880
1863
1864
1868
1880

outstanding.

$500
1,000

explanation see notes on first page of tables.

Louisiana— Bonds for relief of State Treasury .
Ronds in aid of various railromls
fjftVee bonds—Aot 35 of 1865,
£
do
Act 115 of 1867
do
special—Act 32 of 1870
Ronds funding coupons
do
Boeuf A Crooodile Navigation Co...
to

Amount

Size or
par
Value.

Amount f
of these

l'OOO
1,000

yet fund-

f SI bio

'500

100 Ac.

below)

Bounty loau bonds

Municipal war debt assumed
Four per cent bouds, coupon

j Coup.
>
J

or

reg.

Maryland—Baltimore A Ohio Railroad, sterling
Chesapeake & Ohio Canal, sterling
Railroads and canals
Eastern Shore Railroad
Baltimore & Susquehanna

HT

260,000

48,000
70,000

2,500,000

do

do

1,000

1838

•

•

m

m

m

m

•

•

309,485
31,069
269,000
528,355
298,435
62,605

r

....

....

....

....

3,326,750

....

225,000
465,000

1,056,304

....

1878
1863
1,000
1863
1,000
500 Ac.
1864
1864
£100 Ac
£200
1869
1858 to ’61 £200 Ac
1861 to’63 500 Ac.
1871
200 Ac.
£500
1875
1873 to’74
1,000
1875
1,000
1860
5,000
£200
1868 to ’69
1874 A’76
1,000
1874 A ’77
1,000
1875-’76
1,000
1875
£500
1863
1,000
1865
1,000

500,000
888,000
200,000
4,379,500

....

sterling

Loan, sterling
Troy & Greenfield Railroad loan, sterling
do
do
home
do
do
sterling.
do
do
sterling
do
do
dollar bonds
do
do
do
Southern Vermont Railroad Loan
Boston, Hartford & Erie Railroad, sterling...
Harbor Land Improvement (5-20s)
Danvers Lunatio Hospital
Lunatic Hospital. Worcester
New State Prisons, sterling

Michigan—Two Million Loan
War Bounty Bonds
Minnesota—State Building loan, coupon
Temporary seed grain loan
Railroad Bonds /not recognized iu full;
Adjustment bonds, (10-30/ redeemable, 1892.

Missoui'i—State bonds, proper

Consolidated bonds

1872

University and Lunatic Asylum bonds
State Bank stock refunding
Bonds to North Missouri Railroad
Bonds to Cairo A Fulton Railroad

4,000,744
999,944
5,506,952
1,366,500
3,598,540

'

1,497,980
670,000
1,300,000
200,000
3,599,024
300,000

1,500,000
1,100,000

1,292,280
590,000
299,000

1,000
1,000

175,000

LOGO
1,000
1,000

1873

1878
1858
1882
1865 to *66
1868

6
6
6
4
5
5
5
5
3
6
6
6
6
6
6
6
6
5
5

m

•

2, 4, 3

1,875,555
2,310,000

•

m

1838

•

1872 A ’76 100 Ac.
1872

War

2,275,000

1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

1874
1854 to ’58
1857 to ’59
1859 to’60
Bonds to Platte County Railroad
1854 to ’59
Bonds to Iron Mountain Railroad
1853 to ’59
Pacitio Railroad of Missouri
1874
1,000
Funding bonds
1,000
Renewal bonds, coup., 5-20s, (act Mch. 29, ’7f) 1875-6-7
1857 to’75
Hannibal & St. Joseph Railroad
1,000
1874
7—
do
1,000
do
renewal
1.000
1877
Nebraska—Bonds (act Feb. 14,1877) coupon...
1864
1.000
New Hampshire—War loan, coupon bonds
100 Ac.
1872
Municipal war loan
1879
1,000
Loan or 1879 for refunding
1879
500 Ac.
Prison loan
1861
100 Ac,
New Jersey —War loan bonds, tax free
100 Ac.
1863
War loan bouds, tax free
100 Ac.
1864
do
do
taxable

115,000

4,000,000
435,000

2,711,000
401,000
104,000

1,688,000

265,000
503,000
1,360,000
2,946,000
1,000,000

1,270,000
1,500,000
1,499.000
449.267

600,000
2,206,100
400,000
126,000
300,000
902,900
593,400

Louisiana.- The Constitutional amendment passed December, 1879,
provides for a now bond in place of consols of 1874, bearing 2 per cent
for 5 years, 3 per cent for 15 years and 4 per cent afterwards, on which
basis the interest charge per year for consols is $235,542.
To April,
1882, the 2 per cents issued were $237,300, 4 per cents, $186,150; and
3 per cents (baby, bonds), $l,3o7,105. The assessed value of property for
1880 was $149,635,805, and tax is limited to 6 mills. The interest tax
aloue was 5*2 mills before the constitutional amendment, and bond¬
holders are trying to enforce its collection by suit; in December, 1880.
an injunction was granted against the State Treasurer to prevent his
diverting the interest funds. There is considerable overdue interest of
tho years 1874 to 1880 inclusive. A suit is pending by the State of New
Hampshire against Louisiana ou her bonds. Taxable valuation for 18sl
about $176,000,000. (V. 32, p. 468; V. 33. p. 23, 743; V. 34, p. 115,
147, 460j
Ifainc.—The debt January 1, 1882, was $5,801,900.
The
fund $1,436,367.
Tax rate for 1880, 5 mills on valuation

sinking

of 1870.

1881-82, 4*3 mills.

Maryland.—The State has largely assisted canals and railroads, and
the State
includes
$16,358,230 Chesapeake & Ohio Canal interest. Assessed valuation

holds $3,675,325 of stocks and bonds ranked as productive;
also holds $20,112,298 in unproductive securities, which
and tax rate have been:

Heal and

Tax Rato,

1877
1878
1879

$478,468,028
404,425/790

$100.
174c.
1 8 3*c.

466,637,502
459,187,408

18 3*0.
183*0.

1881

461,459,939

183*0.

Personal.

Years.

per

$32,399,464.
The sinking funds were $14,080,405. The Hoosac tunnel and connections
cost tho State heavily.
Assessed valuation, tax rate, Ac., have been:
Massaehusetts.—The funded debt, January 1, 1882, was

Sinking
Estate.
Property. $1,000.
Funds.
$1,191,583,169 $822,289,966 $12 84 $33,550,464 $13,635,490
Real

Years.

1,118,557,164
1,090,749,235
1,111,160,072

1,149.965,827

Personal

761,266,574
742.533.99S
816,695,358
883,886,538

Tax per

12 54
12 78
15 35
....

Total
Debt.

33,219,464
33,020,464
32,799,464

13,448,191
12,235.248
13,050,092

32,399,464

14,181,465

loan to Boston Hartford A
Erie Railroad
“Berdell” mortgage bonds, afterwards exchanged for

The

stock, and had




a

was

6
6
8
6
8
6
8
7*30
6
8
8
8
7

385,000
2,330,000
2,826,900
257,000

500 Ac.
500 Ac.
100 Ac.

secured

by

N. Y. A N. E. Eli.
sinking fund of $1,283,226 January 1,1882.

whom.

Payable

1,723,415

1839
1837
1870
1839
1839
1868
1870 A ’74

Railroad

875,000
11,367,900

100 Ac.

1838-47

Chesapeake A Ohio Canal
Baltimore & Susquehanna Railroad
Annapolis & Elkridge Railroad
Defense Bounty Loan
Doaf and Dumb Asylum Loau
Maryland Hospital Loan, 10-15 years
Maryland State Loan
Treasury relief loan, 10-15 years
Massachusetts—Coast Defense JLoan
Bounty Fund Loan

Bounty Fund Loan

-

hI

80,000

1,000
1,000
1,000
1,000
1,000
1,000

7108 790. 8811
Consolidated funded bonds
Twos, fours and threes (seeuotes
Maine— War loau bouds

Wsi

$333,300
Apr., ’82

Where payable and

W lieu

Rate.

g*
g.

J. A J.
Various
Various
M. A N.
M. A S.
J. A J.
J. A J.
M. A S.
Various
J. A J.
A. A O.
A
A
A
A
A
A
A
A

i

f per report of
Jan.

1, 1878.

875,000
N. Y., Bank of N. Y.

Boston, Suffolk Bank.
do

do

Augusta and Boston.
Boston, Suffolk Bank.
London, Baring Bros.

J.
J.

1886 & 1914
March 1, 1883
June 1,1889
Oct, 1,1889

$50,000

Balt., Farm. A Merch. Bk.
do
do
do
do
do
do
do
do
do
do

do
do
do
do
do
do
do
do
do
do

A J.

Q.-J.
O.
J.
J.
J.

....

per year,

1^89
1889
1890
1890
1890

do

do

1907

March 1, 1875
1886 A ’88
Jan. 1, 1890
1899
1897
July 1, 1910
April, 1911

Jan','1914

New Orleans.

A. A 0.

A
A
A
A

May l,

48,000
70,000
2,500,000

Quart’y
A.
J.
J.
J.

1872 to 1906
1886

fundable,
80,000
260,000

July, 1893

,

Amounts not

J.
J.
8.
D.
O.
A.

Q.-J.
T.

due.

$15,000
119,000

....

J.
J.
M.
J.
A.
F.
J.
J.

Principal—When

by

1885
1890
1890
1883
1885 A ’89
1887 & 1891
1887
1888 to 1893

J. A J.
Boston, Treasury.
July 1, 1883
g. J. A J.
do
do
g. J. A J.
July 1, 1883
do
M. A N.
do
•5 gMay 1, 1894
5 g. M. A N.
London, Baring Bros.
May 1, 1994
do
do
5 g. J. A J.
July 1, 1889
do
do
5 g. A. A O.
Oct., 1888 to ’90
Boston Treasury.
5 g. A. A O.
April, 1891 & ’93
5 g. J. A J.
London, Baring Bros.
July, 1891
do
do
Jan. 1, 1895
5 g. J. A J.
Boston Treasury.
1893 & ’94
5 g. J. A J.
do
do
5 g- J. A J.
July i. 1895
do
do
5 g. A. A O.
April l, 1690
Ju.v 1,1900
5 g. J. A J.
London, Baring Bros.
5 g. J. A J.
!-cpt. 1, 1896
Bostoa, Treasury.
Boston Treasury.
5 g. Various
T’yl,'94-Sep 1,’97
do
do
5 g. Various
M’yl’95-Sepl,’96 *
Jail. 1, 1695
5 g- J. A J.
Loudon, McCalmonts.
Jan. 1, 18*3
J. A J. N. Y., Am. Exchange Bank.
6
do
do
M. A N.
7
May, 1*90
St. Paul, Treasury.
J. A J.
7
July 1, H83
do
do
J. A J.
6
Optional.
Dec.. l*S7
7
J. A D.
1912
J. A J.
4*2
1883
6
J. A J. N. Y., Bank of Commerce.
do
1888
do
6
J. A J.
do
do
J. A J.
6
July, 1892
do
J. A J.
do
6
April 1,1494
1882 to’88
do
do
J. A J.
6
1882 to ’89
do
J. A J.
do
6
do
1889 to ’90
J. A J.
6
do
1882 to’89
do
do
J. A J.
6
1886 to’89
do
J. A J.
do
6
do
do
6
J. A J.
July, 1894 & ’95 *
1895-6-7
do
do
J. A J.
6
1887 to ’95
do
T. A J.
do
6
1894-0-6
do
do
J. A J.
6
A. A O.
State Treasury.
8
April 1, 1897
M. A S.
Concord or Boston.
6
Sept., 1884 A ’89
do
do
Jan.. ’92 to 1905
J. A J.
6
J. A J Bost.,Nat.Bk.Commouw’ltli July l,’89-’90-’91
5
do
do
J. A J.
July, 1882 to ’91
J. A J.
Jan., 1881 to ’84
6
Jersey City.
do
Jan., 1886 to ’96
J. A J.
6
do
J. A J.
6
,

.

sinking fund
about $810,000,000, and tax rate for State pur¬

Michigan.—The debt is practically extinguished, as the

has sufficient assets to meet the debt.

Equalized valuation of real and

personal property, 1881,
poses l 4-10 mills on the $1.

Minnesota.—All the old State bonds are held by tho permanent school
fund. Minnesota “refused to recognize tho “State Railroad Bonds’ of

1858, to the amount of $2,275,000. A proposed compromise with tho
holders was provided for in 1881, and was carried out by the issue of

the 4^3 per cent

bonds.

Taxable valuations and State tax have been:
Real Estate.
..$183,615,738
1^9,246,698
203,473,637

Years.

Personal.
$16,175,304

Tax Rate
2^

53,525,017
54,581,906
161!
Tax for all purposes in counties averages 17*4 mills.
(V. 32, p. 40,183,
265. 368; V. 33, p. 74, 125. 282, 294, 304, 329, 404, 433, 463, 502, 588,
1879.'
1880

687, 741; V. 34,

p.

32, 86, 316.)

Missouri.—Tho valuation of real and personal property in 1881 wa*
$601,722,882, of which $406,104,426 was real, $l-3,265.3o9 personal
and $32,353,097 railroads and bridges. The tax rate is 40c. per $lou.
Bonds maturing are met by sinking fund. The Hannibal A St. Josepn
RR. paid the State $3,0u0,000 forits debt, but the 8 to to
January 1, 1882, to pay tho coupons on its own $3, <>0,600 of
Litigation between the State and company ensued. (V. 32, p. ooo, »•
33, p. 687.)
Nebraska.—'The State school frind holds $326,267. There are also $50,000 10 per cent “ Grasshopper” bonds due 1885, interest paid. Januart
and July. Assessed valuation (33*3 per cent of true value) and tax rai
per $1,000 have been:
rsonftl
Years.
1970
1877

Railroad, Ao.

$40,589,285
37,975,987

$30.58».3«0
33,335,..91

Tax Rato.

38,378,409
53,850,147

36,981,389
36,649,471

G37H

Real Estate.

$<
6 3/ I
4 00

Hampshire was created for
was Issued to cities an
debtB. Total valuation m

New Hampshire.-Tho debt of New
purposes. The Municipal loan of 1872
the proceeds to be applied to their war

$206,959,017.

war
..

Tax rate, $2 per $1,000.

Neio Jersey.—Ti e debt was Created for
class of bonds the principal is payable
or real and personal property (taxable) in

Of the
JS?222 a^alns*
ftlo in°1878.

war purposes.

1881,

$518,617,518 in 188th $508,892,338 in 1879 and
State school tax, 2 mills.

$531,8ol,849 in

STATE

1882. J

April,

SECURITIES.

Til

Subscriber* will confer a great favor by giving Immediate notice of any
Date of
Bonds.

description.
For

Value.

1875
1872

Under Art. 7, Sec. 3, of Con¬

Canal debt,
North

1873

03.2 S*S
$50 &c.
500 <fcc.

Railroad.

not fundable (Chatham and W.&T.)
Roistered certificates ol literary fund
Penitentiary bonds, act Aug. 24, 1868
Special tax bonds ...........
•

rr bonds,

Ohio—Registered loan of 1881
Registered loan, payable after

Dec., 1886

PemSyJranm-Reg. bonds, tax fr

....

1868

1,000
1,000
100
100
100
100

1881
1856
1877
1879
1852
1852

....

...

2....

Agricultural College land serip
Island—War bonds
-

*

and bonds

.

&c.
(fee.
&c.
&c.

1,000
1,000

1882

Rhode

South Carolina—State House stock
Funding bonds and stock
Blue Ridge Railroad bonds

1,000
1,000

1867

(red’ble ’92).

Registered bonds, tax free, 15-25 years
Coupon loan (exyept $53,000 reg.), April
do
April 2
Loan of February, 1882 (registered)
iu ten series
do
do

War bonds
do

SFJp®

.

1874
1879

CoroKna-Funding bonds tax-receivable.

1882
1872
1862
1863
1863
1864
1853 to ’54

50 (fee.
50 <fec.
....

1,000
3,000
1,000

•

•

0

....

.

sterling

1871
1879

Various
m

1879

m

m

m

....

92,200
3,165,832
4,880,000

14,929,300
397,000
(?)
75,000
692,000
500,000
558,000
1,647,000
533,700
3,030,088
1,302,851
13,474,800
895,147
2,394,305
15,239,370
8,171,600
346,000

New York.—The financial condition of the State has been fortified by
the payment of all debt except the canal debt, as above. The sinking

funds

Sept. 30, 1881, amounted to $2,423,981. The new Capitol
building has cost the State thus far $13,000,000, but this has been paid
for by taxation. Valuation and tax rate for State purposes have been:
on

Real Estate.

1878

'

$2,373,418,490

Personal.

State Tax.

2,333,669,813
2,315,400,526

-(V. 32, p. 70.)

$364,960,110
352,469,320
322,468,712

2,340,335,690

1879
1880
1881

340,921,916

’2*4

North Carolina.—Interest Is paid on bonds Issued to No. Carolina RR.
as the State holds $3,000,200 stock and receives dividends
thereon. The funding law of Mar. 4,1879, provided for
funding old antewar bonds at 40 per cent of the lace
value; “ New ” railroad bonds recog¬
nized as valid at 25 per cent; funding bonds of 1866 and 1868 at 15
per

cent. Nothing for overdue coupons.
Coupons of the new bonds are re¬
ceivable for taxes.The funding ended Jan. 1,
18S2, and at that time a
large amount of the fundable bonds had not come in. See V. 34, p.
378.
If all v. ere funded the new 4
per cents would be $3,900,000.
SjHM'lai tax bonds arc ignored, and also bonds to Chatham RR. 1868,
$1,030,000, and to Wiliiamston ife Tarb. RR., $150,000, and for Peniten¬
tiary under acts of 1868. Assessed valuation of real estate is about 60
per cent of true value. Valuations aud tax rate
per $100 have been
Years.
Real Estate.
Personalty.
TotalValuation.Taxpr. $100

$54,212,248

$146,370,493
38
1878
51,228,268
142,308,102
38
1879
157,967,481
24
HV. 32, p. 115; V. 33, p. 528, 560, 612, 744; V. 34, p. 373.)
Ohio.—Ohio has a very small State debt, but large local debts, amount¬
ing m 1881 to $14,114,100.
against $25,957,588 in 1875, this increase
hemg mainly in Cincinnati debt. Valuations in Ohio have been as follows:
Real estate.

Personalty. |

Real estate.

Personalty.
$442,979,885
456,166,034

485,750,196

.

State tax rate,
2910 mills.

Pgnn^/fmnia.—Sinking
cipally from

fund, $6,625,753.

Revenue is raised princoriHirutions. Taxes are levied on personal property. The
State holds $1,754,331 in stocks and
$7,900,000 of railroad bonds. Any
coupon bends may be changed to registered*
(V. 33, p. 623; V. 34, p.

7s/«nd.—The debt was all created for war purposes. In Jan.,
1380, the net debt, less sinking fund, was
$1,828,013. The State Valua¬
tion ot real
property in 1876 (the latest made) was $243,658,190,
and personal.
$84,872,369; tax rate 1879,12 cents on
$10tt

'The

funding law of Dec. 23,1873, provided for scal™.e ol(* ^el)t &9 P°r cent. The consols were again “re-adjusted”
nJ;
S®, ncveral acts were passed Deq, 3, 1873. Dec. 24, 1878,
February, 1880. In November, 1881, the consols
»mou at
$5,336,104, which amount was made lip as follows: Brown
y issued, $3,165,832; green consols not yet
exchanged
*4880,203, less amount invalid, $714,932; balance, $2,170,274;
total/
7.




I
,

6
6
6
6
6
4
6
6
6
6
6
6
4
6
5
4
5

gg.
g.
g.

g.

g.

412g.

3^ & 4
3ie & 4
6
6
6
6
6
6
6
6
6
6
6

When

Principal—When

Payable

Where Payable and by
Whom.

J.

Y., Manhattan Co. Bank.

&
&
&
&

J. N.
J.
J.
J.
& O.
& J. 51.
Various
Various

J.
J.
J.
A.
J.

J.
A.
A.
J.
J.
F.
F.
J.
J.
F.
F.

&
&
&
&
&
&
&
&
&
&
&

M.
A.
J.
F.
J.
J.
J.
A.
A.
J.
J.
J.
J.
J.
J.
J.

&
&
&
&
&
&
&
&
&

do
do
do

Due.

do

do
do
do

do

Jan.

Raleigh, Treasury.

New York.
do
Y., American Exch. B’k.
do
do
A. Phila., Farm. & Mech. B’k.
A.
J.
J.
A.

do
do
do
do
do

A.

do
do
do

Indefinite.
Oct.. 1898
1898 to ’99
At

will, 1882-’8S
Jam, 1887

Feb.

1, 1902

July, 1882
July. 1882

-

do

Feb. 1. 1912

do

Aug. 1, ’83 to ’02

Harrisburg Treasury.

$5,336,104. The old issues yet fundable stood
aud rate of tax per $1,000 have been >
Years.
Real Estate.
Personalty.
$40,083,341
36,574,858

76,583,866
77,609,666

1,1892
1909
1868 to ’98
1883 to’85
1868 to ’98

Aug. 1, 1904

8. Providence, R. I. H. & T. Co.
O.
do
do
J.
do
do
A.
do
do
J. Columbia, State Treasury.
J. Columbia and New York.
g.
J.
g.
Columbia, Treasury.
O. Columbia and New York.
g.
O.
do
gdo
& J.
do
g.
do
6 g& J.
do
do
6
& J. N. Y., National Park Bank.
6
& J.
Nashville, Treasurer.
5 & 6
& J.
do
do
6
& J.
do
do
3
& J.
New York.
6
Various
State Treasury.
7 g. M. & S. New York, Bank of N, Y.
7 g. J. & J.
do
do
7 g. J. & J.
do
do
6 g. J. & J. New York & State Treasury.
5
J. & D.
do
do
6
J. & J.
N. Y., Winslow, L. & Co.
5
J. & J.
Loudon, Baring B. & Co.
6
J. & J.
Richmond, Treasury.
6
J. & J.
<io
6
J. & J.
do
6
J. & J.
3 to 5
J. & J.
3 to 5
J. & J.

$85,633,873

1,1883

Oct.

do
do
do

J.
O.
O.
J. N.
J.

Oct., 1893
July, 1887

July 1,1891

Y., Nat. Bk. of Republic.

—(V.33, p. 12, 589.)
29l0
2881
*1000
Tennessee.—The funding hill
3*a

($2,795,000),

$92,158,2 i5
91,079,834

Rate.

11887709-.90.

631,000
738,000
142,000
35,700
97,000
19,000
128,000
85,000

1,000
1,000
1,000

•

do

200,000

50, <fec

1854
1868
1868
1868
1869
1874
1874

Funding bills receivable
Payment of interest
Funding bank bills
500,<ko.
Conversion bonds and stock
500,&c.
500 &c.
Consol, bonds and stock (Brown)
ftnnesseer-Funding bonds, act of 1873
1,000
Various.
Bonds rcgist’d, act of 1873,($292,300 are 5s).
1,000
Held by E.T. University (not to be funded)...
1,000
1881
Funding bonds (act of March, 1881)
1,000
1872
fexas— Funding State debt (act May 2,1871)..
Frontier def’se,gold,act Aug.5,’70(red’ble ’91)
1871
1,000
Revenue deficiency bonds, act Dec. 2, 1871..
1872
1,000
1874
Bonds, act Mar..1874 (for paying float’gdebt)
1,000
1876
Redemption of debt, act Aug. 6, ’76
1,000
1879
100 (fee.
Bonds, act April 21,1879
1851 to’66 500 (fee.
Virginia—Old bonds. 23 fundable
Old bonds, sterling, not required to be funded
1851
£100 &c
1871
Consol.) Act Mai. ’71) coup, tax receivable—
100,Ac.
do
do
reg., conv. into ooup...
1871
100,&c.
do
(Act 1872) “Pcaler,” cp. not rec’ble
1872
100,&o.
do

1,562,900
638,200
4,302,600
2,000,000
2,598,550
3,907,300
2,795,000
1,180,000
383,045
44,000
11,366,000
2,801,665
2,400,000
8,000,000
2,000,000
395,000
87,000
6,700,000
2,500,000
500,000
965,000

1,000
1,000

1866

Deferred certificates (W. Va.)
New funding bonds, 10-40s, ($449,300 reg.)..

outstanding.

discovered In these Tables.

INTEREST.

Amount

$473,000

1873

stitution, and Art. 7, Sec. 12.

Old bonds not funded
RmuiH to North Carolina

or

par

explanations see notea on first page of tables

New York—

781

Size

error

41,785,768

us

1922

Sept. 1, 1882
April 1,1883
July 1, 1893
Aug. 1, 1894
1871 & ’81

July 1,1888
July
July
July
July

1,1888
1,1889
1,1882
1,1893
July 1, 1914
1875 to 1900
Various.

July 1,1990
1891
1911

1892
March 1.1904

July, 1906
1909
1886 to ’95
1886
1905
1905

Contingent
1919
1919

above.

Valuations

Railroads.

$6,520,772
7,392,900
13,767,400

Tax Rate*

2^
5

was given in V. 32, p. 387. This provided
for new bonds at 3 per cent to be given for the full face of the old and
12 overdue coupons, including that of
July, 1881. Coupons were to he
tax-receivable. The question of the validity of this law went to th»
State Supreme Court on appeal, aud on
February 10, 1882, the Court
held the law unconstitutional.
(See. V. 34, p. 178, 205.) A new propo¬
sition was made—see V. 34, p. 461. Assessed valuations and tax rats
per $1,000 have been as follows:
Years.
Real Estate.
Railroads.
Personalty.
Tax Rate.

$212,589,045

$24,319,803
$
$1
202,340,815
20,871,338
1
196,165,644
16,952,036
1
195,635,100
16,133,338
16,375.894
1
—(V. 32, p. 62, 253, 387, 579; V. 33, p. 66, 642; V. 34, p. 178, 205, 231.
252, 428, 461.)
Texas.—The old high-rate bonds have been redeemed and low-interest
bonds issued. Assessed valuations and rate of tax per $1,000 have been:
Years.

1876....
1877....
1878....
1879....

Real Estate.

-

$174,324,176
212,698,432

Personalty.
$83,307,833
106,237,273

187,722,374

115,480,050

186,297,495

114,227,912

—(V. 34, p. 329.)

Total Val’tion.

$257,632,009
318,935,705
303,202,424
300,525,407

Tax Rate.

r>
5
5

5

Virginia.—The accumulated arrearages of interest on the debt proper,
$3,565,331. The law of March 28. 1879. for
refunding the debt, was given inCHRONiCLE, Vol. 28, p. 353. The new
bonds are 10-40 year bonds, aud bear 3 per cent for 10
years, 4 per cent
for
October 1, 1881, were

20 years, and 5 per cent for 10 years, coupons tax-receivable.
The total interest on all the acknowledged debt is $1,523,516
per year,
of which $1,117,724 is in
tax-receivable coupons, leaving only

$105,791 payable in cash.
In January, 1882, a law was passed
prohibiting the receiving of coupons in payment of taxes, and in.
February the Riddleberver law for readjusting the debt (see V. 34, p.
88). The circular of Messrs. Maury & Co., Richmond, said: This bill
directs that the bonds sh^ll be refunded in new 3 per oent bonds as fol¬

lows:
Consols
Ten-forties
Peelers
do
coupons
Unfunded 6s

$14,369,974, allowed 53 per cent

8,517,600,
“
60
2,394,305,
“
69
**
1,072,545,
“
80
“
3,773,493,
69
“
Literary fund
1,428,245,
“
63
u
do
coupons
379,270,
“
cash.
Assessed values in 1880 were: real estate, $234,272,951;
personal*
$70,391,018. The receipts of the State Treasury in 1880-81 were
$2,632,315, and current expenses, $2,152,028, leaving $480,317 bal¬
ance.
Tax rate, 5 millB. The U. S. Supreme Court in
January, 1881,
held the coupons of consol, bonds not taxable
by th4 State. (V. 32, p.
123; V. 33, p. 562; V. 34, p. 88, 179, 379.)
.

SECURITIES.

CITY

Till

Subscribers will confer

a

great favor by giving Immediate notice of any error discovered In these Tables.

DESCRIPTION.

Date of
bonds.

For explanations see notes on first page

are

1870-’71
1870-’81
1874

5s, due 19!

New Post Office site

1875

High School
Water debt ($400,000 due 1900-3, are 7s).
Western Avenue improvement bonds
Bonds loaned to Albany A Susquehanna 1

Size

1874-’77
1877

outstandings

par

1865

do
do

Augusta, Oa.—Bonds for various purposes.
Baltimoi'e— Consolidated loan of 1890
Water loan, reg. stock, red. at will after 1

1,000

500 Ac.

Various.

1,000

1853

New
do

1853
1868
1870
1874
1864
1881

City Hall

do
do
do
Consolidated loan

Paving loan
Funding loan

1870
1872

Western Maryland Railroad
Jones’ Falls ($780,000 are 5s)

1872
1873
1874
1880

Valley Railroad
Water loan ($263,000 outy are 6s)
Harford Run improvement loan
Endorsements for Western Maryland RR.
do

do

Bangor, Mr.—City
Municipal loan

••••••

1,000
500 Ae.

1,000
1,000
Ac.
Ac.
Ae.
Ac.
Ac.
Ac.

1858 to’72
1874
„

European A North American Railroad
Bangor & Piscataquis Railroad
Bath.Me.—Fund, debt ($24,500 are 6s, ’87, J.AJ.

m

m

m

m

%

-m

100 Ao.

1,000

925,000
102,500
193,000

clO.

tvi

Various.
•

•

•

Various.
Various.
Various.
Various.
Various.

1,000
1,000
•

•

•

•

,

.

.

B

,

.

.

,

•

m-m

m

m

m

58,000
GO,000
297,000

....

...

4*0

do

1875-’7C
1879

do

4

do

1879-’S0

m

-

•

1872

gold

Brooklyn—Brooklyn local improvement loan...
Mount Prospect Square loan

1861
1857
Soldiers’ aid fund loan
1865
Gowanus canal improvement loan, local
1866
Bushwick avenue
do
do
do
1865
SouthSeventh st.
do
do
do
1866
Union street improvement loan, local
1867
Fourth avenue
do
do
do
1862 A ’67
Wallabout Bay
1967
do
do
■
New York Bridge loan, registered and coupon
1870
Bonds for N. Y. & Brooklyn Bridge, cp. or reg.
1876-’79
Prospect Park loan, registered and coupon ... 1860 to ’73
1860 to ’72
Prospect Park loan
Permanent water loan
1S57 to ’72
do
do
1872 to’75
....

417,500
420,600
2,786,500
11,360,500
2,247,000

m

•

m

m

•

•

4,997,604
3,270,454
1,153,000
4,901,000
13,000

m

mm

£100 Ac
'm

•

1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

588,000
1,947,273
3,552,000
268,000
362,000
213,000
90,000
552,000

140,000
150,000
177,000
260,000
207,000
314,000
3,000,000
7,432,000
8,019,000
1,217,000
8,228,500
1,439,500

Albany —The loan to Alb. A .Susquehanna is secured by first mortgage.
Albany County in 1880 was, approximately: Real
estate, $49,000,000; personal, $4,500,000—estimated to be about oneliaK of true value. City tux rate 1879, 2*84. Popu lation, 90,758 in
1880; 69,422 in 1870.

Tbe valuation of

Atlanta.—The total bonded debt Jan. 1.1882, was $2,196,500. Assess,
ed value real of estate in 1881, $14,721,833; personal, $7,474,258.
Population, 37,409 in 1880; 21,789 in 1870.

Augusta.—Of this debt, $600,000

-

6
6
5
4
6
6
5A 6
6
5 A 6
4
6
6
6
6
6
6
6 A 7
5 A 6
6
6
6
6
5 g.
6
4
4 g.
4 Wg.
4U>

3
513
GUj

328,000

1873
£100Ac
1869
£100 Ac
1S62 to ’76
1,000
1866 to ’76
1875 A ’78
1878

5 per cent
4 per cent

425,000

m

m

t

1,795,000
450,000
515,000

....

•

do
do
do
do
do

5 per cent

117,000
136,000
100,000
500,000

1,000

Various.

Sterling

450,000

1,375,000

m

1,000,000

Brighton and Whst Roxbury
Dorchester and West Roxbury and Brighton.
Burnt district, sterling loan
Consolidated street improvem’t, sterling loan.

do

100 Ac.
100

1,000

Roxbury debt

do

Ao.

500 Ac.

Andr oscoggin Railroad
1861
Knox & Lincoln Railroad ($23,750 each year)
1869
do
do
(F.AA.and M.A8)..
1871-’72
1852 to ’64
Boston—City purposes, war debt. Ac
1864 to’80
City debt and Roxbury and Charleston
ao
1878-’S1
registered
do
do
1880
do
do
1879
do
do
1877

do
do

1,029,061
45,000
800,000
1,000,000
1,580,000
1,015,300
4,000,000

1875

Railroad loan

Mystic water debt, assumed
Cochituate Water loan, 6 per cent

500.000

1869
1869

.

City debt and Roxbury and Charleston

1,000,000

Ac.

m

Union Railroad
debt proper

Water loan bonds, c®up. (Act Feb. 22, 1875)

do
do

Ac.

Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ao.
Ac.

m

Principal-wiien

payable and by

Due.

whom.

?

11879.
09781788
1877
1878
1863
1865
1860
1863

Funding loan, reg. stock, tax free
Consolidated bounty loan
Exempt bounty loan
Public parks (Druid Hill)
Park improvement loan

Where

„

500 Ac.

250
100
100
100
100
100
3 00
100
100
100
100
100
100
100
100
100
100
100

I

Payable J

F. A A. Boston, Merchants’ Bank. Feb., 1885
6
to ‘94
M. A S.
7
New York.
448,000
March, ’80 to 1900
do
996,000 4, 5, 6, 7 M. A N.
1910-’21
M. A N. N. Y., Merchants’ Nat. Bk.
7
115,000
May 1,1904
M. A N.
do
7
do
49,000
May 1,1881 to'85
6 A 7
do
F. A A.
do
900,000
Feb. 1,1893-1912
F. A A.
do
6
do
165,000
Feb. i, 1883-4-5
M. A N. N. Y., Del. A Hud. Canal Co.
6
1,000,000
1895-’97
8
J. A J. AtlaHtaAN.Y.,Am.Ex.N.Bk
265,000
1886 & 1892
7
J. A J.
do
do
400,000
J. A J., 1890
J. A J.
do
8
do
418,000
J. A J., 1902
do
J. A J.
7
430,000
do
Jan, 1, 1904
J. A J.
8
do
do
77,000
Jan. 1, 1897
M. A S.
do
10
do
52,000
Sept. 1, 1885
J. A J.
do
5
do
68,500
July 1, 1911
Various
7
2,060,000
Augusta.
1882 to 1905
6
7,306,546
Q.-J. Balto., Farm. A Plan. Bank.
July 1,1890
M. A N. Balto., Nut. Merchants’ Bk.
5
5,000,000
July l, 1916
5
M. A N.
do
do
1,000,000
Alter J illy, 1916
do
6
M. A S.
do
2,211,068
Sept. 1, 1893
do
M. A S.
6
do
410,353
Sept, 1, 1893
6
Balto., Nat. Mechanics’ Bk.
555,566
Q.-M.
Sept. 1, 1890
do
6
do
Jan. 1, 1895
185,723
Q.-J.
6
Jan. 1, 1890
5,000,000
Q.-J. Balto., Farm. A Plan. Bank.
J. A J. Balto., N. Mechanics’Bank.
6
Jan. 1, 1886
1,000,000
6
Q.-J. Balto., Farm. A Plan. Bank.
1,000,000
July 1, 1884

1,000
1,000
1,000
1,000
1,000
1,000

1872 A ’77
1874
1877
1875
1881
Various.

When

Rate.

.

$150,000

$1,000

’66-’67-’72
1869-’70

Atlanta, Oa — Bonds for streets,Ao
Bonds, A. L. Railroad for and State Hous<
Bonds for West. ItR. and floating debt...
Bonds, 1st and 2d series, waterworks
Redemption bonds

INTEREST.

Amount

or

value.

of tables
1866

City improvement
Washington Park ($10,000

[Vol. xxiiv.

issued for railroads, and balance
for canal enlargement, water works, Ac. Sinking funds, Jan. 1,1882,
$173,750. Taxable valuation in 1881: Real estate, $9,225,675; per¬
sonal, $5,681,833; tax rate, $1 58*3 per $100. Population in 1870,
was

15,389; in 1880, 21,891.

Baltimore.—The fiscal year of Baltimore ends now with December 31
The total of all sinking funds, December, 1881, was $8,150,286. The
Baltimore A Ohio Railroad pays interest on $5,000,000: Water loan is

-

6 A 7
7

7

5, 6 A 7
7

6
6

7

do

do
do

M. A N.

do
do
do

April 15,1900

City Register’s Office.
Balto., Farm.A Plan. Bank.

Q.-J.

March 7, 1902
After 1885
After Nov.l, 1920

A J. Balto.. N. Mechanics’ Bank
do
do
Q.—F.
A. A O.
do
do
J. A J. Balto., Nat. Merchants’ Bk.

J.

Balto..’City Reg’ter’s Office.
Balto., N.Mechanics’ Bank.
Baltimore, Franklin Bank.
Boston, Merchants’ N. B’k.

J. A J.
J. A J.
J. A J.
V arious
J. A J.
J. A J.

do

do
do
do
do

do
do
do

J. A J.

‘

Various
Various
Various
A. A O.
J. A J.
Various
Various
Various
A. A O.
A.. A 0.
A.
A.
M.
J.
J.
J.

A
A
A
A
A

Jan. 1,1902
April 9,1900
Oct, 31,1886
July 1,1894
Liter Jan. 1,1920
1 ’90 A 1900
Jan. 1,1895
1881 to’92
Jan. 1,1894

an.

Jan. 1,1894

April 1,1899
1887 A 1898

’83,’85 A’98
April 1, 1891
uly 1,1882 to’99
1891 A 1902
1881 to’87
1881 to’97
1887-1901

Apr.,’90 & 1900
Oct.. 1889

1887

do

do

Various.

do
do
do

do
do
do

1881 to ’82

1881 to’82
1881 '

London, Baring Brothers.
do

April. 1893
July, 1899

-v

Boston, Treasurer’s Office.
do
do
do

do
do
do

1881 to’94
1881 to 1901
1907-1908
1908

London, Baring Brothers.
Boston, Treasurer’s Office.

0*.

O.
N.
J.
J.
A J.

do
do

A J.
A J.
A J
A J.
A J.
A J.
A J.
A J.
A J.

Oct., 1902
1905-1908
1909

do
do

Brooklyn.
do
do
do
do
do
do
do
do

J. A J.
J. A J.
J.
J.
J.
J.
J.
J.
J.
J.
J.

July 1,1900

July 1,1905

A. A O.
M. A S
City Treasury.
Various Boston, Second Nat. Bank.
A. A O. City Treasuryand Boston.
J. A J.
do
do
Various
do
do
Various Boston, Treasurer’s Office
do
Various
do
do
Various
do
A. A 0.
do
do
A. A O.
do
do
do
Various
uo

Various

7
5 g.
5 g.
5 A 6
6
5
4
5 g.
5 g.
4 *2g.
4 g.
7
6
7
7
7
7
7
‘

Q.-J.

Q.—J.
Q.—J.

1909-1910
1891
1887
1885 to’90
1882 to 90

1
eg
(£3

•

*3 d

eg 0
__

0

1

do

9

do

*

1882
1882
1882
1882
1882

c

do
do
do
do

apq
3

to ’90
1899-1924
1905 to 1920
1915 to ’24
1915 to’24

1832 to 1912

J

Municipal property, including water works, about $800,000 Popula¬
tion, 16,851 iu 1880; 18,829 in 1870.
Bath, Me.—The city holds a first mortgage on the Androscoggin road
for the debt, and second and third mortgages on the Knox A Lincoln for
its proportion of $895,000 out of a total of $2,395,000 bonds issued by
several cities in aid of the latter road. Tax valuation, 1880—real estate,
$2,693,750; personal, $3,881,469; total, $6,575,219. Tax rate, $25
per $1,000.
Boston.—The

population of Boston in 1880 was 362,839; in 1870,
250,526. against 177,840 in 1860. The total funded debt April 30.
1881, was $40,949,372,and net debt, $26,005,620. The tax levy m 1881
is divided as follows: State, $619,110; county, $260,000; city, $8,173,282. The rate on $1,000 in 1880 was as follows: State, 86 cents;
county, 27 cents; city, $14 07; total, $15 20, against $12 50 m 1879.
Assessed valuation on May 1 for five years have been :
Years.

Real
Estate.

Personal
Estate.

Tax
Rate.

Net Debt.

$27,480,524

paid by income of water works, and Public Park by City Passenger Rail¬
way, and against a total debt of $36,381,351 the city has $20,121,594
productive assets (including the sinking funds), leaving F$16,081,595,
against which are held $5,150,780 of unproductive assets; interest is

1877

$481,407,200

$205,433,386

$13 10

1881

190,070,966
184,545,700
201,858,600
210,130,300

12 80
12 50

by taxation on $12,916,386 of debt. Population in 1870, 267,354,
in 1880, 332,313. Assessed valuation and tax rate have been:

440,375,900
428,786,300
437,230,600
455,3S2,600

raised

Real

Years.

Estate.

$178,572,032
179,958,592
183,580,023

Personal

Property.
$77,533,309

Total

Valuation.

$256,105,341

Rate of Tax
per $1,000.

19 72^
249,266,595
19 00
244,043,181
15 00
187,387,000
252,900,000
13 70
Assessed valuation is near the full cash value. I111SS0, after all abate¬
ments, the real taxable basis was $241,980,638.
70,308,003
60,463,158
65,613,000

Bangor, Me.—Tlie loans to Eu. A No. Am. R. R. to Bangor A Pis. R. R.
secured by first mortgages on those roads, and interest mostly paid
from the earnings. Valuations (near full value) and tax rate have been:
Years.
Real Estate.
Tax rate.
Personalty.
$6,598,927
$3,043,534
21-33
6,381,853
22*50
2,692.211
6,373,068
2,711,460
'
are




....

to’90
to ’90
to ’8.0
to ’95

15 20
13 90

26,159,777
26,229,066
27,842.104
26,005,620

—(V. 32, p. 99; V. 33, p. 93.)
Brooklyn.—The whole city debt was as follows on January 1.1882.
Permanent debt. $20,857,000:
water loan. $9,830,500; temporary
debt, $7,239,551; tax certificates, $4,270,000; total, $42,197,051lew
sinking fund, $4,022,629: net debt. $38,174,421. Tax rate 1880, $26 WPopulation in 1870, 396,099. against 566,663 in 1880. Valuation 0
property and tax rate per $1,000 for five years have been:
Rate.
Years.
Real.
Personal.
*31 72$216,481,801
$13,111,215
27 00
:
218,373,093
14,908,911
25 50
220,363,499
12,562,500
26 90
1880
11,215,794
223,620,197
23 77

240,128,905

The debt of Kings County, separate from
about $4,000,000, of which the city is

twentieths.

(V. 33,

p.

713.)

15,137,040

the debt of

Broolflynj

responsible for mneitc

CITY

1882.1

April,

snh«prlber»

Date of
Bonds.

see notes on first page of

Assessment fund bonds, continuous, local
Central and Knickerbocker av. sewer bonds..
tax

......

-----

certificates—

Buffalo, A- r— Funded
Water works bonds

debt bonds
-

1873
1879-80-SI
1862 to’81
1868 to ’81
1877-81
1864
1863
1856 to ’76

outstanding.

$232,000

,

1,475,000
100,000
3,130,000
418,000
842,000
4,270,000
3,695,500
3,029,382

1,000
l.OOOAc
l.OOOAc
1,000Ac
1,000
1,000

703.733

98781
Cambridge, Muss.
City bonds

City bonds

do
do
do

Water loan

1874-5
I860
1866 to ’77
1865
1867 to’75
1869-71

-

do
do
do
do

— ---.-

Charleston, S. C.—City stock
City bonds, coupon
Fire loan bonds, coupon
Conversion bonds, to redeem
do

Chelsea, Mass.—Funded
Funded debt, coup

1,000

1,000
1,000
1,000

past-due debt...

....

....

....

100 Ac.

1879

debt, coup

1,000
1,000
1,000

....

....

do
do

....

notes
Water loan, coup

....

Sinking fund bonds

....

....

....

1,000

....

500 Ac.

....

1880

do

....

improvement bonds
Municipal bonds
Municipal and Seliool bonds
1881
Municipal bonds (refunding loan)
1865 to’80
Cook County debt
Cincinnati- Loans to Railroads.F,A, G,H,IA M 1843 to ’54
1855
Bonds to 0.& M. RR. to purchase wlif. prop.N
1868
Bonds for erection of a Workhouse
River

1,000
1,000

....

•

•

■

.

•

200,000
153,800

500,Ac.

....

Water loan
Sewerage bonds

160,500
138,200
500,000
3,372,900
110,000
992,000
100,000
106,000

1,000

....

Chicago—Water loan

162,000
92.450

....

1853 to ’54
1866

coup, or reg

150,000
1,597,000
689,000
514,000
100,000
774,000
55,000
485,000

500 Ac.

....

- — - ------

100,000

.

500 &c.
500 Ac.
500 Ac.

1873-’74

.

500 &c.
.

.

.

4

500 Ac.

1,000
1,000
1,000
1,000
1,000
1,000

1868
Bonds for Water Works
C2AC3
Bonds for Common School purposes
P 1860 to ’G1
1855
Bonds to O. & M. RR. to purchase whf. prop.. N
Bonds for ext. and impr. Water W. .C, I). & E 1847 to’50 500 Ac.
Bonds for funding floating debt
A2 1847 to ’48 500 Ac.
Bonds for now Hospital
SAS2 1867-’68
1,000
1853
Bonds for funding floating debt
1,000
L
1853
Extension and improve. Water Works... K AF
1,000
Bonds to purchase Orp’n Asyl. grds. for park.O
1858
1,000
Bonds for sewerage
1S69
1,000
R
Bonds for improving Gilbert avenue
1869
U
1,000
Bonds to build Eggleston avenue sewer... .B3
1869
1,000
Bonds for improvement
1871
W
1,000
Bonds for Water Work purposes
C4AC5 1871-’72
1,000
General improvement
1871
W2
1,000
Cincinnati Southern RR
500 Ac.
1872
do
do
1872
1,000
do
do
500 Ac.
1876
($3,200,000 are gold 6s)
do
do
1879
1,000
1874
Floating debt bonds, coupon
1,000
Park improvement
1875
1,000
Water-works bonds
D1
1875
1,000
Bonds for McLean Ave. sewer
U2
1,000

330,000
3,625,000
2,133,000
490,000
2,608,000
186,000
2,536,500
843,500
4,941,500
750,000
210,000
250,000
300,000
99,000
195,000
397,500
146,500
750,000
60,000
175,000
100,000
150,000
150,600
100,000
130,000
450,000
600,000
576,000

.

1876
Hospital bonds
Street improvement bonds, short.
1876-’77
Oonsol. 8. f. bonds, 30-50 yrs. (Act Apl. 9, ’80.
1880
1,000
100 Ac.
1881
Deficiency loan (redeemable after 1891)
Cleveland—Water works ($200,000 are 6 p. ct.). 1872 to ’76
Funded debt ($203,000 6s, $32,000 5s)
1869 to ’81
Lake View Park
1872 to’80
Canal and canal lock ($11,000 are 6s)
1874 to ’79
School
1868 to’71
($100,000 are 6 p. ct.)

8,362,000
1,000,000

....

....

....

....

....

House

or

Correction

1868

7
7
6 A 7

ios;ooo
2,138,000

187° real and personal property was assessed at
m .1876 rule of valuation changed and assessment was

A J.
J.
J.
J.
J.
A J.

1882
Brooklyn. >
r
do
| Coupons j 3 years from date.

A
A
A
A

do

do
do

do

$111,990,905.

31- to 7
5
5 g.
6
6
6
6
6
6
6
6
6
6
7
7
4

5*g
6
7

Tax Rate

Real estate.

,

1877

Personalty,

per

$8,844,705
$12 43
i”78y--1
80,929,165
7,947,380
17 60
ai° a*so Pays 7-10 of Erie county debt. Coupon bonds are exchangeregistered. The interest on different bonds is 3*2, 4, 4^*, 5, 6
and 7 per cent.
Population, 155,134 in 1880; 117,714 in 1870.
Mass.—The sinking funds amounted to $1,734,022, No1,1* The investments are nearly all in city bonds at par and
Biamped “ not negotiable. Tax valuation, 1879. $49,238,098 ; in 1881,
SJW;rtc $39,124,300, personal $12,552,190; tax rate, $16 per $1,000.
n

3M34 in 1870

Vembor’ 188 $4»737,063. Population, 52,669 in 1S80;

stf-—The bonds of Charleston
ooutli

are mostly held within the
Carolina. Conversion bonds of 1879 are issued in
uianee for city stock. Assessed valuations and tax rate have been:
Real

8‘

lft77

foie
IS™

Personal

Estate.

$18,669,623

18,313,450

loon* —

IftoV

-dPnmiiaVi

‘ VX
Population,* 49,984

: **■ •

17,137,255
15,017,595
15,182,845

in 1830; 48,956 in 1870.

debt^w»VvQ^~8i?kin^

Rate of Tax

Property.
$7,922,155
8,108,706
6,272,458
16,555,864
7,244,212

per

$1,000.
$22 50
22
20
25
22

fund* January 1, 1882, $182,082, and

iSttC1 fcwJoo Tax valuation.
copulation, 21,782 in

50
00
00
50

gross

1881, $15,761,537; tax rate, $19 00.

1880; 18,547 in 1870.

ThTS-°VTlK?e-

n,^t traded debt January 1, 1881, was $12,752,000.
to 5 per cent of the Illinois State valuation,
Of thA ftiTwwi i18i
yield an income
$3,955,000 is on account of the Water Works, which
7
a an
much above the interest charge on the debt

i^^Ldcbt,

Years
187?

*




<■

Equalized Value.

Real Estate.
$116,082,533
104,420.053

Personal.
$32,317,615
27,561,383

v

Tax

Rate.
$27 40
28 60

1

from date.

1882
1883
1882-3-4
1882 to 1925
1882 to 1925

Bank,

1 Brooklyn

1882-1890
F. A A

6
6

6
7
7

4l<j
7
6
7
4
413 to 7
6
6
7 3-10
7 3-10
6
6
6
6
7 3-10
6
6
6
7 3-10
7 3-10
7 3-10
7 3-10
7
7
7
7 3-10

6 A 7
7

5, 6 A 7
5, 6 A 7

5, 6 A 7
6

Boston, N. Bk. Redemption

Aug. 1,1887-’95

1905
J. A J. N. Y., Am. Ex. Nat. Bank.
1882 to ’98
J. A J.
do
do
July 1, ’82 to ’95
J. A J.
do
do
1881 to ’95
J. A J.
do
do
July 1, 1900
do
1890 to ’95
J. A J.
do
do
do
J. A J.
July, 1895 A ’96
do
1885 to ’99
J. A J.
do
1901
do
do
M. A N. N. Y., Metropolitan Bank.
May 1,1885-’92
1882 A ’84
Various N. Y., Am. Exchange Bank.
M. A N.
do
do
Nov., 1885
do
do
J. A D.
June, 1888
1888 & 1889
do
do
Various
do
do
J. A J.
Jan., 1890
do
do
M. A N.
Nov., 1890
A. A O.
do
do
April 1,1895
M. A N.
do
do
March, 1897
1897
do A
.Various
do
do v
do
J. A J.
Jan., 1900
Various
do
do
June A Oct., 1900
Cincinnati.
M. A S.
March, 1908
M. A S. N. Y., Am. Exch. Nat. Bk.
Sept., 1899
do
do
M. A S.
Sept., 1899
do
do
A. A O.
Oct., 1899
March 1, 1886
do
do
M. A S.
do
do
F. A A.
Aug., 1886-’97
Dec. 1, 1891
do
do
J. .A D.
do
do
J. A J.
July 1, 1902
do
do
J. A J.
July 1, 1902
Mav 1, 1906
M. A N.
New York^or London.
Nov. 1, 1908-’09
M. A N. N. Y., Am. Exch. Nat. B*k.
do
do
M. A N.
May 15, 1904
Jan. 1, 1896
do
do
J. A J.
do
F. A A.
do
Aug.,!85, ’90 A ’95
do
do
M. A N.
May 1889-1909
do
do
M. A N.
May 1, 1906

1880 to’83

M. A N. N. Y., Am.
do
J. A D.
Various N. Y., Am.
do
Various
do
Various
do
Various
do
Various
do
A. A O.
do
Various
do
Various
do
Various
do
Various

Exch. Nat. Bk.
do

,

do
do

Equalized Value.

$91,152,229
89,031,955
90,099,045

1880

The assessed value

of real

1892-’93- '95
1883 to ’96
1882 to’92
1894 to ’96>98
1882 to’88
1883 A ’84
1882 to’92
1882 to ’84
1882 to’86
881-’82-’83 to ’87
1893 & 1907

do
do
do
do
do
do
do
do

Real Estate.

Years.

LfterMay 1, 1910
June l, 1901

Exch. Nat. Bk.

do

5, 6 A 7 Various

$1,000.

$91,130,870

3 years

41-2

Since that date valuations have been:

v

1882

|

S Nassau <

Various
Buffalo and New York.
Various
do
do
J. A J.
do
do
July, 1882-’86
A. A O. Boston, Bank Redemption
April 1,1889
J. A J.
Jim. 1, 1893
Boston, Treinont Bank.
J. A J. Boston, Bank Redemption. Jan. 1,1882 to '96
J. A J
do
do
Jan. 1, 1903-4-5
A. A O.
do
do
Apr. A Oct. l,’84-5
J. A J.
do
do
July 2,1886
J. A J
do
do
July 1,1882 to '97
F. A A.
do
do
Aug. 1, 1883
A. A O.
«
do
do
Apl. 1,1887-1395
M. A N.
do
do
May, 1889-1891
Charleston.
1868 to ’98
Q.-J.
do
Varioms
1883 A ’84
J. A J.
do
1890
A. A 0.
1888 to 1897
do
J. A J.
do
Jan. 1. 1909
1 QQO
A. A O. Boston, N. Bk. Redemption
Various
do
do
1882 to 1895
F. A A.
do
Feb. 17. 1883
do

.

i

j paid at

■

31-2 to 7
3k> to 7

5 A 6
7

462,500
710,000

J.
J.
J.
J.
J.
J.

D ue.

Whom.

I

7
7
7

250,000
184,000
416,500

....

1,000

7

4, 5, 6, 7

395,291
5
1,337,000
4
500,000
6 A 7
800,000
1,845,000 4, 0, 6, 7
7
318,250
6 A 7
275,000

Street Iraprovein’ts do
Street damages, Ac., do

Infirmary and River dredgipg
1876-77-78
Viaduct {mostly F. & A., A. & O. and J. & D.) 1873 to ’78

4

4, 5, 7

Principal—-When
npi

Where Payable and by

Payable

rr

175,000
50,000

....

Various.

When

Rate.

50,000
300,000

....

discovered In these Table#.

INTEREST.

4,981,000 6g. or 7*3
6 A 7
1,844,000

....

Main sewers, special assessment

error

Amount

or

par
Value.

1868
$1,000
1878-9-80
1,000
1876 *
1,000
1877-8-9
1,000
1870
1,000

Seweragemnd bonds, continuous, 1-aL..^
Boulevard bonds

Size

tables

BrooUgn-( Continued*—
K>nt Avenue liasin loan

Tpiinnorarv

IX

will confer a great favor by giving Immediate notice of any

description.
For explanations

SECURITIES

Tax

>

Rate.

Personal.

$z6,817,**06
28,101,678

$28 60

29,052,906

estate is about one-third of its tr ie

value,

Population in 1870 was 293,977, and in 1880, 503,185. The South Park,
West Chicago Jt*ark and Lincoln Park loans are not debts of the city,
but of distinct

corporations.

there remains
follows; $108,000 5s, November, 1884;

Cincinnati.—In addition to the issues above named

several smaller amounts, as

$56,000 (YY2, & O.) 6s, 1886-88; $17,000 6s (Q.), November, 1890;
$27,000 6s (A.), March, 1897; $50,000 (H2.), August, 1897. City bolds
$950,000 of Cincinnati Southern bonds in sinking funds. In 1870 the
population was 216,239, against 255,139 in 1880. The following table
from the books of the Auditor of Hamilton County, Ohio, exhibits the
assessed valuation of the city of Cincinnati in the year 1860, and from
1870 to 1879:

Years.
1860....
1870....
1871
1872....
1873....
1874....
1875....
1876....
1877....
1878....
1879
The city
road "
other
tax

Real
Estate.
...

...

...

$61,620,904
78,736,482

123,427,888

Personal
Estate..

$31,411,912
57,370,754
56,934,044

...

55,462,410

...

...

...

...

119,621,856
121,479,280
123,231,790
125,976,835
127,143,900
129,043,880

43,830,188

131,272,619

...

38,033,010

64,166,460
58,708,284
58,521,730
56,809,066

Total

Tax per

Valuation.

$1,000.

$93,032,716

$17 45

136,107,236
180.361,932
175,084,296
185,645,740
181,950,074
184,498,565
183,952,966
179,430,142
172.874,068

169,305,635

....

is the sole owner of the stock of the Cincinnati
"*
’
"
^

Cleveland.—The sewer, street improvements

funds have been:

Southern Ran

bonds
assessments on the
de\>t and sinking

and street opeuing

fpr special local improvements, and redeemed by
property benetitted. Assessed valuation, tax rate,
aro

31 60
22 20
*0 10
23 06
23 38
28 82
27 04
29 10
28 54
26 37

CITY
Subscribers will confer

a

Date of
bonds.

Size or
par
value.

Tor explanations see notes on first page of tables.

bond

1875
1878
1855 to’76
1859 to’71
1872 to ’76
1879
1871 to’74
1870 to’75
1872 to ’73
1865 to ’66
1875-’76

Detroit,Mien.—For Water W.Co.f on city’s credit
Publio Building stock (City Hall) bonds
Public sewer bonds ($40,000 are 6s)
Bonds for purchase Belle Isle
Elisabeth, N. J—Improvement bonds
Funded debt bonds
Sobool House bonds
Market Houso bonds
Consolidated improvement bonds
Funded assessment bonds
Tax arrearage bonds

m

m

m

outstanding.

m

m

m

340,000

m

*

100,000
96,000
200,000

1,000

607817881
Redemption bonds
do
do
do
do

,<

do
do
do
do

full River,

*...
I..

1,000
1,000
1,000

300,000
300,000
105,000

1,000
1,000
1,000

Mass—City notes

100,000

100,000

100,000
280,000
640,000

Large.

City bonds

lOOOAc.

do
do
do
do
Water loan
do
do
do

1,000
1,000
•

•

•

600,000
450,000
100,000
261,860

•

1,000
1,000
1,000
m

Fitchburg, Mass.—City notes
City bonds

Hartford, Conn—Water bonds

m

m

war

1871-’74

■•

•

•

120,000

203,000
205,000
271,000
250,000
226,500

•

Real and

Years.
1879
1880......
1881

155,000

500,000
300,000
300,000
300,000
200,000

109,500
1,163,000
3,109,800
416,000

622,000
1,869,000
2,161,500
125,000

500.000

837,400
162,550

Various.

Tax per

Personalty.
$70,548,104

1,000.

.

$1513o

Various

1869
1869

1,000Ac

150,000

1,000Ac

400,000
73,000
44,000
900,000

Various.

,

„

Various
500 &c

Various.

1875-’76 I
1876
1878
1879
13S0-’l

400,000
200,000

.

1,000
•

•

•

•

Total Bonded Debt
General.
Special.

1,353,000
600,000

,

$6,201,000
$2,300,100
6,^26.250
1,589,000
79,586,156
141^
5,888,250
1,176,200
—Population, 160,146 in 1880; 92,829 in 1870.
Des Moines, Iowa.—Assessed value of property, $5,104,240, which is
about 50 per cent of true value. Tax rate, $5 per $100. Population in
1870,12,035; in 1880, 22,400.

151&J0

73.647.694

Detroit, Mich.—The population in 1870

was

79,577; in 1880,116,340’

The value of water works is $2,559,259, against a debt of
$1,400,000.
The water works bonds are issued on a
pledge of the city credit, and
$75,000 per year collected in taxes to pay int. on them. Assessed valua¬
tion, in 1879-80—real property. $63,981,315; personal, $19,216,725;
total, $83,198,040, which is made on the basis of true value. Tax rate,
$1*03 per $100.

Elizabeth, N. J.—Default

made in interest Feb. 1, 1879.
Suits on
bonds are ponding.
Total bonded and floating debt January, 1882,
$5,379,353 and accrued interest to July 1, 1881, $972,000.
Latest
proposition for compromising debt is in V. 34, p. 344. Estimated true
value of real and personal property is much over the assessed valuation
of about $L2,O00,000 (see V. 32, p. 612).
Population in 1880, 28,229;
in 1870, 20,832. Assessed valuation, tax fate
per $1,000 and debt
have been:
Years.

was

Realty A Personalty. Tax Rate.

Debt.
268
$16,250,805
$4,900,000
15,289,888
2*50
5,130,000
356
14,614,918
5,380,000
11,530,031
212
5,400,000
—V. 32, p. 231, 253, 312, 368, 420, 612; V. 34,
p. 32, 177, 342.)
Evatisville, Ind.—No floating debt. Population in 1870, 21,830; in
1880, 29,280. Assessed valuation (true value), tax rate per $1,000

and debt have been:
Years.
Real Estate.

3$79
*880.
*381




$12,381,475

12.919.360

-

13,925,825

Personalty.

$4,926,350
5,232,645
6,379,940

Tax.

$15 00

15 00

12 50

7
6
6
6
10
8
5
6
6
6
5
5
6
6
6
6

300,000
1,000,000
1,250,000

1874
1,000
1872
1,000
1873
($60,000 are J. & J.).
1,000
Indianapolis— Bonds to railroads
L869 to ’7< )
500
Bonds to Un. RR. Tr. Stock Yard (mortgage).
1877
1,000
Loan bonds, series A
1873
1,000
do
do <B
1874
1,000
do
do
C
1874
1,000
do
do
D
1875
1,000
Purchase-money bonds—Southern Park
1874
500
Jersey City— Water loan bonds, mostly coupon.
7
1,000
Water loan bonds, mostly coupon
1
1,000
do
do
do
1877
1,000
Forty-year 4>o nds
1873
1,000
Improvement bonds
1871
500 &o.
do
do
1872 to’7< 1
1,000
Morgan street dock
1870
1,000
Funded debt bonds
1872
1,000
Old Jersey City bonds, coupon
Various.
1,000

Bergen street improvement bonds
do
bouuty loan
Greenville etreet improvement bonds, &c
Assessment funding bonds
Revenue bonds, coupon or registered
Temporary loan
Bonds to fund floating debt. Ac.. coup, or reg.
Bonds to pay maturing bonds, Ac

6
6

130,000

do
do

Hudson City bonds
Bergen school loan bonds

5 & 6
4
5 & 6

225,000
125,000
500,000

City bonds, sinking fund

Water loan
Railroad loan

due.

J. & J. New York, Kountze Bros.
do
J. & J.
do
Various N. ¥., Metropolitan N. Bk
Various
do
do
F. & A.
do
do
do
do
Various
City Treasury,
do
Various
do
Various
do
Various
A. & O.
do

July, 1885
July, 1888

1881 to 1906
1881 to’91
1892 to’94
1899
1879 to’81
1882 to ’95
1882 to ’93
1882 to’86
1885 to ’96

•

5 & 6
5 g.

202,000

1,000
1,000

floating debt

Holyoke, Mass.—City notes

m

1,000
1,000
1,000
1,000
1,000

1873
1879-’80
1863

Principal—’Wheil

payable and by
whom.

M.
M.
J.
J.
J.
A.
M.
J.

& N. N.
& N.
& D.
& D.
& J.
& O.
A N.
A D.

Y., Farmers’ L. A Tr. Co.
do
do
do
do
do
do
do
do
do

F. & A.

7*3
7*3
73
73
6
7
6
7
7
7
7
7
6 A 7
7
7
7
7
7
7
6
6
5 A 6

July 1, 1895
April 1, 1906
May 15,1906
Juno 1, 1907
April 15,1908
Feb. 1,1911
1882 to 1895
1883 to 1891

Aug. 1,1894
May 1,1895
May 1, 1895
1896-1898
Feb. 1, 1900-1909
Nov. 1,1892-1906

Aug. 1,1890-1905
May 1,1908-1909
Nov. 20,1882
July 1,1893
July 1,1891
July 1,1905-1906

M. & N.
City Treasury.
J. & J. Boston, Merchants1 Bank
do
J. & J.
do
do
do
J. & J.
Various
Galveston,
M. & 8.
do
New York or Galveston.
J. & D
J

J
A
D.
J

J.
A.
J.

N. Y.,

1906

1890-1895

Aug. 1. 1900

1,1904-1901
Jan., 1906
June 1, 1891
Aug. 1,1882 A’84
Jan. 1, 1893
Jan. 1, 1897

June

City Treasury,

do
Town Treasurer,
do
do

$10,000 yearly.
Jan., 1900

City Treasury,

1881 to 1896

do
do
do

Jan.&Apr.l, 1894

City Treasury.
N. Y., Winslow, L. A Co.

Jan. 1, 1889. to ’96
Jan. 1, 1897

Oct. 1,1889
Jan. 1,1900

do

J. A J.
J. A J.
&
J. A J.
J. & J. N.
Various
J. & J.
J. & J.
M. A N.
Various
J. & J.
M. & N.
Various

July 1, 1893

July 1, 1893
July 1, 1894
July 1, 1895

Jan. 1, 1899
Jan., 1883 to’9b
1899 to 1913

Y., Merch. Ex. N. Bank
do
do
do
do
do
do
do
do
do
do
do
do
do

Various
& J.
& J.
Various
J. & J.
Various N.
J. & D.

do
do
do
do
do

do
do
do
do

A

J.
J.

A* A.

Bk. of New York.

Suffolk Bank, Boston.
Merchants’ Bank, Boston

A
A
Various

F.

1993-1909
1920

do
do

A

A. & O
J. & J
A. & O
Jan.
J. & J
&

1882 to’91

City Treas. & Phoenix Bank
City Treasury,

A

4^5
6
6
6 & 7
6
6
7
6
6
7*3

Dec. 1, 1890
Deo. 1, 1895

do
Various
F. & A.
Boston, Revere Bank.
M. & N. Boston, Bank Redemption
do
do
do
do
do
do
M. & N.
do
do
F. & A.
do
do

A
J. &
F. &
A
J. &
J. &
F. &
A

May 1, 1898
May 1, 1899

do
do
do
do
do
do
do
do
do

City Treasury,

3^8, 6, 7 Various

510,100
315,700
414,000
475,000

....

.'

Hartford town debts to railroads

m

1,000
1,000
1,000

$500 each)

•

7
7
7 3-10
7
7
6
6
6

382,200

m •

m

City bonds (H. P. & F. RR )

Capitol bonds

m

m

•

7
7

400,000
300,000
100,000

100 Ac

1379-!80
1881

Park bonds (4 of these bonds are for
Funded debt

m

m

1875

do
do

•

550,000
200.000

1,000
1,000
1,000

1865-*70

Water bonds

7
7
7

50,000

1873
1871
1875
•Galveston, Texas---Bonds for various purposes... 1869 to ’75
Limited debt bonds (sinking fund 2 per cent). 1877-8-9
do
do
Galveston County bonds, G. C. & 8. F. RR
1876

do

m

4
7
7

500,000
450,000

1872

Water loan
do

do
do

m

Where

-

6 & 7

241,000
250,000

1,000
1,000
1,000

1869
1870
1870
1870
1876
1876
1877
1878
1881

When

payable

696,000

m

....

1868

7
7
7
7

100,000
247,500
728,000
88,000
66,000
2,412,000

1,000
1,000
1,000
1,000
1,000
m

Rate.

$229,000
175,000
1,400,000
600,000

m

m

INTEREST.

Amount

$1,000
1,000
1,000

m

Evansville, Indiana— E. H. & N. RR. bonds
City wharf bonds
E. C. &P. RR. bonds
do
do
Water works bonds

[VOL xxxiv.

great favor by giving Immediate notice of any error discovered In these Tables.

DESCRIPTION.

Dcs Moines, Jotra—Renewed judgment
Funding bonds

SECURITIES.

do
do
do
do
do

July 1,1907
July 1,1913

May, 1891

1892 to 1906

do
do

June 8,

l882-’90

do
do
do
do

’84-’85-’89&1900
Jan., ’98 to 1900

July, 1889

1884 A 1889
1883-1886
1905-1906

do
do

Y., Merch. Ex. Nat. B’k

June

do

do

1900

May 1,1897

1,1886

Demand,
N.

do

*

1,1909

Feb.

Y., Merch. Ex. Nat. B’k

1910

do

Fall River, Mass.—The sinking funds .amounted to $440,197 Jan. 1,
1882.
Total debt, including water debt, $3,455,860.
Population
48,961 in 1880; 26,766 in 1870.

FUchburg, Mass.—Sinking4fund, $182,284.

188J; 11,260 in 1870.

Valuation, tax
Pers’l Prop’ty.
$2,208,818
2,264,619
2,530,164

Population, 12,270

rate per $1,000, Ac.:

Years.
Real Estate.
Tax.
Sink
Debt.
1879
$6,820,575
17 80 $895,803
18^0
6,868,225
17 60
915,523
1881
6,993,700
18 00
873,523
—The assessed valuation of real estate is about the cash value.

fc

B-

$158,708
188,81¥
182,284

Galveston, Texas.—Assessed value of real and personal
1878, $17,000,000.
Tax rate, $J 25 on $100. In April. 1882, tM
Galveston County 10 per cent bonds were called in and 6 per |ceni»
issued

instead. Population

in

1870, 13,812; in 1880, 22,248.

Conn.—Total city debt, April, 1881, $3,007,000; net, after
$2,179,801. Assessed valuation m 1881, aoou*
$44,000,000. Population, 42,015 in 1880; 37,180 in 1870.
Hart ford^

deducting

resources,

JJolyoke, Mass.—Bonds all coupon, but can bo registered. Sink®*
Total net debt, January. 1880, $952,500. Tax■ valo*
tion, 1877, $9,399,820. Population, 21,915 in 1880; 10,733 in 1870.

funds, $45,500.

Indianapolis.—The School Board is a distinct organization and J^vie*
own tax ($2 20 for 1881),whioh is included in tax rat
matin*
are a few other small issues amounting to about $o0,000.
V aiuau
and tax per $1,000 have been:
rnaT
Years.
Real Estate.
Personalty.
Total.
^in-SO
$39,156,400
$10,873,575
$50,029,975
38,286,235
9.813,705
1070
its

m

.

,

.

’39,100,250
39,063,725

10,930,021
12,837,492

51,901,217

1<V70

WW

—Population, 75,056 in 1880; 48,244 in 1870.
Jersey City—One of the main causes of the temporary einbarraBfini
of Jersey City is found in the failure to collect back assessments
in the immense value of railroad property exempt from taxationDebt.
$1,551,009 Comptroller, In Feb., 1882, made the following statement m ins repor*^
1,661,009 Total taxes overdue Feb. 1, less deductions due State and Co. ^o’q7i 56>
1,661,009 Total assessments due and unpaid
—
'
.

April,

CITY

1883. J

s..ii«Arihcr»

will confer a

Kansas City,
Bonds

see

Date of
Bonds.

notea on first page of tables

Size

....

Funded debt

1859 to’64 5000&C.
1862 to ’75 5000&C.
1874
1,000
500 *fcc.
1873-’75

*'

do

tSSmon,X^-City bonds<$25to6b each
bonds ($50,000 each year)

year).
do
($110,000 due 1885, $210,000 1891)
Lewiston & Auburn Railroad
Louisville, Ky.—Subs, to stook of L. & N. RR...

•

•

•

• •

•

•

•

•

C

-

do

improvement of streets
Re-constructing street.
Public buildings and institutions
Public school and school houses
For

Sewer bouds
do

Elizabeth k P. Railroad
Wharf property
Jail bords
,
For old liabilities
do
do
Louisville, New Albany & St. L. Air Lino RR.
Road bed, Imiisv., Cin. & Lex. RR
Oitvbonds parable by Louisv. & Nash. RR...
Old liabilities (half are lo-40 and half 20-40).
Lowell, Mass.—City notes
Water notes
Water bonds
Water notes

Mass-City notes

1853
1857 to ’67
1873
1866 to ’67
1873
1871 to ’73
1853 to ’69
1868
1871
1868 & ’73

’54,’62,3,8
1868
1869
1871 to ’74
1871
1871 to ’73
1851 to’63
1880
1852 to’75
1871 to ’76
1870
1881
....

m •

•

l’obb
1,000
1,000
1,000
1,000
1,000
1.000

1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

Large.
Large.
1,000
5.000

Large.

1870-’3-’5 Large.
1871-’4-’6
1.000
1862 to ’76 500 &c.
1857 to ’67
1,000

Vater notes
Water bouds
Funded debt

City Hall and School House
Manchester, N. H.—City bonds...
City bonds
do

1874

Water bonds ($100,000 each year)
do
do
do

1872
1881
1867 to’68

Bridge bonds

Memphis, Tenn.—School and paving bonds

1870

Compromise bonds, coupon
Milwaukee, Wis. - Re-adjustment bonds
General city bonds
do
do
Water bonds, coupon
do
registered

'

Minneapolis, Minn—City bonds

1872
1872
....

City bonds

....

do

ra

do

500
®

^

....

do

1881

1870 to’81
Nashville, Tenn.—Various city bonds
Newark—Bouds, city purposes (s. fund of 1859)
War bonds, floating debt, <fec. (s. fund of 1864)
....

Public school bonds
Clinton Hill bonds, coup. & reg. (8. fd. 3 p. c.).
Corporate bonds, coup, or reg. (act Apr. 21/76)
Sewer and improvement bonds (local liens).
Aqueduot Board bonds
Tax arrearage bonds
.

do

New Bedford, Mass— Bridge and city bonds

City improvement
War loan

Water bouds
do
do

Sewer bonds

500
500

m

do

Mobile— Funding bonds

1,981,000
267,000
134,000
77,000
513,000
485,000
350,000
1,408,000
1,000,000
481,000
500,000
1,300,000
75,000
175,000
121.500
450,000
387.500
44,200
107.500
150,000
70,000

....

1875
1878-’80
1871-’79
...

1876-’77
78-9-80-81
1861-’74
1875

1,000
500
500
500
100 &c.

1,000
1,000
1,000
1,000
1,000
1,000
1,000
.

.

.

.

.

.

Payable

5L)
6 & 7
6
6
6
6
6
6
5
6
6
7
6
7
7
6
6
7
7
6
6
6
7
7
7
6
5
5 to 7
’

6, 6*3
6
4

6,7
6,7
6

New
-

Various
VariousJ. & J.
A. & O.
J. & J.
J. & D.
,T. & J.
J. & J.
A. k O.
A. & O.
Various
M. & 8.
Various
J. & J.
Various
Various
J. k J.
J. & D.
Various
Various
A. & O.
J. & D.
Various
M. & 8.
J. & J.
Various
M. & N.
Various
Various
M. & N.
M. & N
Various
Various
J. & J.

York, Kountze Bros,
do
dO

do
do

Boston, Trcmont Bank,
do
do
do

do
do
do

City Treasury and Boston.

400,000
60,000

1,300,000

6

J.

S*

do
do
do

341,000
60,000
300,000
900,000
302,000
242,000

100,000
429,000
1,171,000
250,000
70,000
50,000
(?)
60,000
124.500
110,000
115,000
125,000
(?)

1,417,400
44,000

1,840,000
500,000
400,000
1,200,000
2,500,000
3,030,000
1,331,000

.

....

1.000

1,000

170,000

45,000
223,000
66,000

100,000
400,000
200,000

50,000|

Of these, $5,450,243 was estimated to be collectible.
The total debt of the city February, 1882, was $16,198,951;

7
6
5
7
7
7
7
8
8
8

J.
J.
J.
J.
J.
J.
J.
J.
F.
M.

& J.

&' J.
&
&
&
&
&
&
&
&
&

1890 &’97-1901
1880 to ’97
1880-’81
1879-1884
1882 to 1892

July 1, 1894
Oct. 1, ’90, to 190G

July 1,1882

July 1,1885&1901

N. Y., Bank of America,
do
do

do

do
Louisville.

N. Y., Bank of America,
do
do
New York, U. S. Nat. Bank.

Louisville, City Treasurer.
N. Y., Bank of America.
de
do

Louisville and New York,
do
do
do
do

do
do

N. Y., Bank of America.
do
do
New York and Louisville.
N. Y., Bank of America.

City Treasury,
do

Boston, N. Bk. of Rederap.
Boston, Blake Brothers.

City Treasury,
do

Boston, Bank Republic.
do

do

M. & N.

200,000

Due.

June 1,1883 & ’88

5, 5i3, 6 Various Treas’y & Boat. Bk. Repub.
5, 6

Principal—When
upai-

Whom.

6
6
6
6
6
4

10,000
1,000
1876
1,000
1867 to ’76
1,000
1872-’74
1881

Where Payable and by

Various
J. & J.
A. & O.
M. & N.
J. & J.
J. & J.
J. & J.

500 &c.

.

Western division
do

262,000
1,300,000
25,000
100,000
320,000
224,000
500,000
372,000
1,302,000
56,000
190,900
600,000
650,000
178,000
81,000
423,000

1,000

1881

do

133,000

When

7
8
10

852,000
117,782
33,000

1,000
1,000
1,000
1,00a
10,000
1,000
1,000

Rate.

$385,000

1,000

1857
1877
1861
1871
1876

Funding loan, gold
Mississippi River Railroad bonds
Endorsement Memphis & Little Rock RR

do

outstanding.

100 &c.
100 &C.
100 &c.

1867, ’8, ’9 500 &C.

Post bonds

INTEREST.

Amount

*

Lawrence] JhitfS.-Funded debt.

Lynn,

or

par
Value.

$....

Mo.—Bonds

Water works

xi

great favor by glviug immediate notice of any error jlgegypred In >h« se TuMpw,

DESCRIPTION.
For explanations

SECURITIES.

City Treasury,
do

July 1, ’93-1913
0ct.l,’97-1907-’17
April, 1883
1887, ’89, 97
Maroh 1,1883
1886,’ 96, ’97
July 1, 1903
1891, ’92 & 1903
1883 to’89

July, 1898
June, 1901
1888 & 1903
1883 to 1898

Oct. 1, 1898
1889
1894 & 1901

Sept., 1891

July, 1901 & 1903
1886 to ’93

May 1, 1920
1882 to 1894
1886 to 1894
Nov.
Nov.
1887
1885

1, 1890 ‘
1, 1911
to 1890
to 1890

July 1, ’91-’94-’96
1879 to 1896
1882 to 1896
Jan. 1,1883-1894

do

April 1,1884-’85
May 1, 1893
July 1.1890 &’95

City Treasury,

1887-’92-’97-1902

do

July 1, 1911

Suffolk Bank, Boston,
do

Memphis.

1873 to 1902
1873 to 1900

Nov., 1900
Charleston, 8. C.

J.
City Treasury.
D. Mil.&N.Y., Morton B. & Co.
do
do
J.
do
D.
do
do
do
J.
do
do
J.
D. New York, Nat. Park Bank,
A.
do
do
do
do
N.

July, 1872
*

1907
June 1, 1891
Jan. 1,

1901

June 1,1896
Jan. 1, 1902
Jan. 1,1902
Dec. 2, 1892
Feb. 2, 1894

May 1, 1905

413
10
8
7
8
7
3 to 5
6
6 & 7
6 & 7
7
7
5 & 6
7
7
7

“6
6
5
5
6
7
4

do
do
1881 to 1885
Various
do
1886 to 1900
do
J. & J.
do
do
J. & J.
July,’91-’96-1902
do
do
Feb. 1,1891 & ’9
F. & A.
do
Nov. 1, 1901
do
M. & N.
Jan. 1, 1906
J. <fc J. N. Y., Merchants’ Nat. Bk,
1881 to’99
Various New York and Nashville.
1883 to’93
Various
Newark, City Treasury,
do
1883 to ’91
do
Various
do
do
A. & O.
April, 1888, to’ 91
J. & J. Newark, Mech. Nat. Bank,
July 1, 1895
1908 & 1910
Various
M. & 8. Newark, Mech. Nat. Bank, 1886, ‘93 & 1909
1879 & 1892
do
do
Various
1886-’87
do
do
F. & A.
A. & O.
A. & O.
A. & O.
A. & O.
A. & O.
A. & O.
A. & O.

City Treasury,
do

City Treasury.

1882
1891
1882
1900
1885
1883
1887

to 1889
to 1910
to 1884
to 1904
to 1909
to 1909

to 18911

before 1887. Total debt, $953,100. Assessed valuations (about 70 per
sinking cent of true value), tax rate per $1,000, &o, have been:
funds, $1,254,499.
Population in 1880. 120,722, against 82,546 in Years. Real Estate. Personal Prop. Tax Rate. Total Debt. Sink.Fds.&l
1870. Taxable valuations and tax rate
per $1,000 have been:
1879
$7,705,706
$973,007
$37,347
$9,777,744
$15 00
10,557,892
7,385,416
17 60
1,004,412
38,86«
Personal Prop.
Tax Rate. 1881
Ycars.
Real Estate.
J8'8---.
$54,993,918
$5,340,860
$28 00 —Population, 32,630 in 1880; 23,536 in 1870.
J88?
54,122,875
5,343,815
28 00
Memphis, Tenn.—The city has been in default for interest since Jan.
29 80
54,619,565
4,786,037
1882---56,125,552
5,640,300
29 00 1,1873. The Legislature passed a bill, January, 1879, repealing the
city’s charter, to enable it to avoid its debts. A Receiver for the city was
~(V. 32, p. 183, 566; V. 33, p. 153.)
appointed, but U. 8. Supreme Court held such action void. The compro¬
Lawrence. Mass.—Total debt, $1,727,000. Sinking fund, $125,395. mise bonds were issued at 50 cents on the dollar. Assessed valuation of
valuation, 1881, $25,348,620: tax rate, $16 00. Population, real estate, 1875, $19,329,600; personal, about $6,500,000. Tax rate, $2
39,151m 1880; 28.921 in 1870.
per $100. Population in 1870, 40,226; iu 1880, $33,592.
(V. 32, p. 70.
183, 396; V. 33, p. 176 ; V. 34, p. 147.)
*1^'^tan> The railroad bonds were issued $1,169,500; sinking fund,
Me.—Total debt. April 1, 1881,
fibi.oso.
to build tiie Lewiston <fc
Milwaukee, Wis.—The city cannot issue debt beyond 5 per cent of it*
AUDurn Railroad, which is owned
bv the cities of those names. Popula¬ average assessed value for five years. In 1881 valuation was $58,173,078.
tion, 19,076 in 1880; 13,600 in 1870.
Sinking funds are provided for all the bonds. There is also about
Lvuisville.—The funded debt, Jan. 1,1882, exclusive of loans payable $47,000 scrip issued to settle old railroad bonds. Population, 115,587
in 1880; 71,440 in 1870.
Dy raiiroads, was $8,759,000,
against $8,812,000 Jan. 1, 1881. The sinkS,8 oi* J.ab. 1. 1882, amounted to $6,296,466, including back
Minneapolis, Minn.—Total debt, $1,188,000; tax valuation, 1881,
in*itonopuiation by census of 1870 was 100,753, against 123,758 about $31,188,486; tax rate, 20^ mills; bonds all coupon. Population,
tq-77
T116 following figures give the assessed property valuation: 46,887 in 1880; 13,066 in 1870.
9oo7;Ab8£‘i2’9i7: 1878» *63,194,487; 1879, $64,018/242; 1880, $66,Mobile.—The valuation of property is “about $13,000,000.
Inter¬
est was in default from July, 1873.
A settlement with bondholders wai
was
offered by act of March 9, 1875. In Feb., 1879, the Legislature repealed
Water loan eink- the charter of the city. In Oct., 1880, bondholders offered to take new
Population, 59,475 25-year bonds, bearing 3 per cent for 5 years. 4 per cent for 15 years,
trim
Assessed valuations (about 80 per cent of and 5 per centior 5 years. Population, 29,132 in 1880; 32,034 in 1870.
true
value), tax rate per $1,000, &c., have been:
Nashville, Tenn.—Assessed valuation of all property in 1880 was $10,J^£al estate. P’sonalProp. Tax Rate. Debt. S. fund, <fec. 187.000 real property and $2,491,550 personal; tax rate, $20per $1,000.
loAS
$27,112,747 $12,951,379 $13 70 $2,311,000 $184,296 Population, 43,350 in 1880 ; 25,865 in 1870.
1
S''440’5™
2.281,500
240,000
12,164,430
13 40
Nexoark.—The bonds in the first line in the table are payable out of the
Y*
29,627,847
15 70
13,158,638
2,389,300
397,740
sinking fund of 1859, which amounts to $98,448; those i» second lino
683 lp’^?f,;rTotal debt, January 1,1880, $2,147,487. Assets, $455,- out of sinking fund of L864, $1,500,082; public school bonds out of
cea.
Population, 88,274 in 1880; 28,233 in 1870.
public school fund, $347,584; Clinton Hill bouds bv sinking fund
vntfater, N, B.—There are also $16,000 5s and $19,000 60 due $116,034; tax arrearage, $621,075; corporate benda, $134,784; street
..

..

„

rateinl’s8i8$2 ^ji8’753’"70' of which $51,587,908




reality. Tax

CITY

Xll

Subscribers will confer

a

SECURITIES.

[VOL. XXXIV.

great favor by giving Immediate notice of any error

discovered in these Tables.

INTEREST.

DESCRIPTION.
For explanations see notes on

New Haven, Conn

—

Size

Date of
Bonds.

Sewerage

Derby Railroad ($20,000 payable yearly)
City bonds (10-20 bonds)

New Orleans— Consolidated debt
Railroad debt
Waterworks loan of I860
Seven per cent funding loan of 1800
Seven per cent funding loan of 1870
Jefferson City (debt assumed)

Amount

outstanding.

Value.

first page of tables.

For

or

par

$1,000

1871
1867
1877
1852

1,000

$199,000
100,000
150,000

1,000
1,000

1,000

1854-55

4,300,750
51.000

82,700

1869
1869
1870

567.850

376,500
85,500

’57, ’67,’70

1871
1,000
improvement bonds
:—
1872
1,000
Consol, gold bonds (gen’l and drainage series)
1871
Various.
Ten per cent bonds, deficit and old claim
New premium bonds (in exchange)
N. O. Waterw’ks Co. new bds.(for $2,000,000)
1864 to’75 1,000Ac
Newton, Mass— City bonds and notes
1875-76-80
1,000
Water loan ($600,000 6s)

19,950
154,000

Street

298,800

1910785878790. 81
....

100 Ac.
1872
1846 to ’69 100 &o.
100 Ac.
1865-6
1870 to ’79 500 Ac.
Additional new Croton Aqueduct
Croton water main stock
1871 to’79 500 Ac.
1865 to’74 100 Ae.
Croton Reservoir bonds
Croton Aqueduct bonds
1866 to ’70 100 Ae.
Cent. Park fund stock ($275,000 only duo ’98) 1857 to’59 100 Ac.
500
1879
Improvement bonds
100 Ac.
Central Park fund stock
1856
1858 to’71 100 Ac.
Central Park improvement fund stock
500 Ac.
Dock bonds
1870-’7u
Market stock
‘1...
1865 &’68 100 Ac.
100 Ac.
1869
City Cemetery stock
500 Ac.
1876
City improvem’t st’k (part red’mable after ’96)
do
do
500 Ac.
1870-’73
100 Ae.
Lunatic Asylum stock
1869-’70
—
1869 ’70
100 Ae.
Fire Department stock
100 Ac
File telegraph bonds
1870-’73
500 Ac.
1870
Tax relief bonds, coupon
N.Y.Bridge bds ($2,42 L,900 red.after July,’96! 1869-’79 500 Ac.
100 Ac.
1869-’70
Accumulated debt bonds
100 Ac.
1874-’77
Street improvement bonds
100 Ac.
Street opening and improvement bonds
1871
500 Ac.
Ninth District Court-house bonds
1871
Department of Parks improvement bonds— 1874-’79 500 Ac.
500 Ac.
Assessment bonds
1874-’78
500 Ac
1871-’78
City parks improvement fund stock
500 Ac
Normal school fund stock
1871
500 Ac.
Public school building fund stock
1871
Additional Croton water stock
500 Ac.
1871-’/9
500 Ac.
Sewer repair stock
1872
500 Ac.
1
Consolidated stock
r
1874
do
500 Ac.
20-50 (redeemable July ’96,
1876
do
500
Museum of Art and Natural History stock...,
500 Ac.
1873-’ 7 9
Third District Court-house bonds
500
1874
Central Park commission improvement bond* 1878 A ’79 500 Ac.
1862 to’68 100 Ac.
County Court-house stock
do
do
No. 3
100 Ac.
1871
do
do
No. 4A5
1872 9
500 Ae.
Soldiers’ bounty fund bonds
100 Ac.
1804
:
Soldiers’ bounty fund bonds, No. 3
100 Ac.
1865
Soldiers’ bouutv fund red. bonds, No. 2
100 Ac.
1865
Riot damages indemnity bonds
1864 to ’72 100 Ac.
Assessment fund stock
1868 to’72 100 Ac.
do
do
100 Ac.
1873
do
do
100 Ac.
1875
1870
100 Ac.
Repail's to buildings stock
Consolidated stock, gold, coupon
1871 to’72 500 Ac.
Accumulated debt bonds.
I860 to ’70 100 Ae.
N. Y. and Westchester Co. improvement bond*
1870
100 Ac.
Consolidated stock
1874
100 Ae.
For State sinking fund deficiency
1874
100 Ac
Debt of Westchester towns annexed
Consolidated stock, gold
1878
500 Ae,
Consolidated stock
1880
500
Bonds for bridge over Harlem River
500

New York—Water stock
Croton water stock
New Croton Aqueduct stock

....

...

.

Norfolk, Fa.—Registered stock
Coupon bonds ($20,000 6s are J. & J.)
Coupon bonds of 1881 (exempt)
Trust & paving, coup, (pav’g, $189,300, J.AJ.

|

payable

7
6
5
6
6
5
7
7
8
73
7 g.
10
5

A. A O.
A. A 0.
J. A J.
J. A J.
Various
J. A J.
M. A 8.
J. A D.
Various
F. A A.

870,000
500,000
2,900,000

4, 5,6
6 A 7
5 A 6
6

700,000

521,953

597,586
3,000,000
4,537,900

6,500,000
727,900

250,000
300,000
1,241,000
7,887,100

5,744,000
200,000
636,000

2,275,000
265,000
/

8,779,700

2,058,350
447,408
958,000
398,000
333,000

1,100,000
600,000

653,100
4,000,000
745,800
376,600
855,204
1,719,400
493,200
900,450
100,000

14,702,000
6,000,000
30,000
1,680,200

1,949,747
915,500
6,900,000
2,800,000

do
New York or London.
New Orleans.

1883 to 1895
City Treasury,
Comm’nwealth Bk. July 1,1905-10
Nov. 1,1902

J. A J. 1loston,
M. A N.

1883 & 1890

Q.-F.
Q.-F.

Aug. 1,1884

O.—F.

a

Q.—F.
M. A N.

«,§

Q.-F.
Q.-F.

4

100

417,000
320,000
415,800

100

500,000

aqueduct board, $176,954. Re:.l
at near the true value as
1879, $78,658,918; tax,
$20 60; 1880, $82,140,700; tax rate, $20 90. Population m 1870,
105,059, agamst 136,508 in 1880.
New Bedford, Mass—Population, 26,845 in 1880;. 21,320 in 1870.
Assessed valuations (true value), rate of tax, Ac., have been:
Trust
Personal
Rate of Tax Total Debt,
Funds.
Years.
Real Estate.
Bonds.
Property, per $1,000.
$12,898,300 $12,874,418
$16 40
$1,123,000 $104,100
15 70
104,100
13,138,400
13,137,519
1,059.000
18 00
13,505,400
13,609,922
1,084,000
104,100
New Haven, Conn.—Sinking fund on City Hall loan, $57,740; munici¬
pal bond fund, $18,277. The city made a special loan of $7o,000 to the
New Haven & Derby Railroad, and guaranteed $225,000 of its second
mortgage bonds. Population, 1870, 50,840; in 1880, 62,882. Assessed
valuations (about 80 per cent of true value), tax rate, Ac., have been:
Personal
Rate of Tax
Total
Sinking
Years. Real Estate.
Debt.
Funds, Ac.
Property.
per $1,000.
1878.. $33,426,943
9
mills.
$11,606,420
$894,000 $142,196

July 1,1898

0*

1887 & 1895
Nov. 1,1901 to T2
1894 & 1897
1888

g-a

’89,’92,’9G&1926

^
■^.5

a

1889 & 1892

18,89

©a0

1899

'

1884
1890
1905.1926& 1928
1884 to’88
1884, & 1888
1882
1890

J*
§

®

O

®

1

®

,

00

ft

Ctf

!

&&

Nov.l,1882to’84
Nov. 1,1882 to’85
1901-1904
Nov. 1,1891
Nov. 1,1891
Nov. 1,1891

<

Nov.l, 1882 &’85
23

O
-

1894 to ’96

*

May,’97,1916-’2C

33

1889 & 1899

!■§
«j

1903
Nov. 1,1890
Nov.l. 1884
1882 to ’92
1884 to’88
1894 to’98
1883 to’90

0

a*
S 2
C
O’*

£•2

1895 to’97
1891
1882
1887
1903
1910

2%

fs

1884 to’88
1896 to 1901
1884 to’88
1891
1896
1882 to’86

go

—1

**
GO

©

A
A
A
A
A
A
A

was

improvement and sewerage, $41,000;

and personal property have been assessed
follows: 1878, $86,257,175; tax, $19 80;

1879..
1880..
1881

34,922,157
34,797,569

12,130,874
13,097,158

9
9
10

874,000

“

854,000

774,000

156,450
176,392
169,214

New Orleans.—A decision of Louisiana Supreme Court, Dec., 1878,
held invahd the special tax provisions for consolidated bonds, but on
appeal to U. S. Supreme Court this was reversed April. 1882, with a

strong opinion and a decree for a mandamus to collect the tax. (See Y.
34, p. 461.) The assessed valuation of property, real and personal, for
1882 is about $103,177,249. A seliemeffor settling the|debt by a bond
premium drawing plan is in practice, and drawings take place January

31, April 15, July 31, and October 15. On January 1,1882, the total
bonded debt was $14,704,236 ; and total floating debt, $2,398,869.
The uncollected taxes for 1878 and prior years, payable in scrip, were
$1,336,948, and for 1879-81, payable in cash, $704,236. Population
in 1870, 191,418 ; in 1880, 216,090.
(V. 34, p. 292.)
Newton. Mars.—Sinking f inds, January 1, 1S32, $135,980. Tax valu¬
ation, 1830, $25,200,100; rate in 1881, $14 00 per $1,000. Population,
16,994 in 1880; 12,825 in 1870.




.

1908-1928
N.
a.
1910
N.
Nov., 1891.
N.
1882 to’85
J. INorfolk, Treasurer’s Office.
’90-’94 -’99,190#
do
do
S.
do
do
April 1.1911
J.
do
do
O.
Apl.,’92; July, ’93
May, 1901
M. A N. New York, Park N. Bank.

M.
M.
M.
J.
M.
J.
A.

8

.

a

....

•

5 g.

4 A 5
6
6 A 8
5
8

116,000
491,031

Nov. 1,1900-1906
1907 to 1917
1907 to 1911
1887 & 1898
1884

©a

M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
4, 5 A 6 M. A N.
M. A N.
7
M. A N.
5 A 6
M. A N.
7
M. A N.
7
5
M. A N.
4 A 5
M. A N.
5,6,7A6g M. A N.
M. A N.
6
M. A N.
6
4, 5,6 A 7 M. A N.
M. A N.
6
Various
6 A 7
M. A N
5 A 6
M. A N.
4 A 5
4, 5 A 6 M. A N
M. A N.
5 A 6
M. A N
5
6
M. A N.
M. A N.
7 '
M. A N
5 A 6
M. A N.
6
M. A N.
7
M. A N.
7
M. A N
6
M. A N.
6 M. A N
6 A 7
M. A N.
6
M. A N
6
6 g.
Various
M. A N
7
M. A N.
6
J. A I).
7
M. A N.
7
-

Aug. 1,1900

to
<0

7
5 A 6 g.
7
6 A 7
6
6
7

•

July 1, 1922
April 1,. 1881

—

Q.-F.

6
6
5
5
6

•

±u\ji

1874-5 A 1894
Jan. 1, 1899
March 1, 1894
June 1, 1895
1887 to 1897 *
Aug. 1, 1911

do

A. A O.

~

July 2,1887-’97
July 1, 1892

do
do
do
do

3,849,800
8,761,000 4, 5,6 A 7 M. A N.
6 A 7
M. A N.
296,000

75,000
2,229,500
7,269,400

-

Oct. 1, ’h2 to ’86

New Orleans.

5,196,000 4,5, 6 A 7 M. A N.
6
970,637
Q.-F.
490,000

due.

do
do

Q.-J.

250,000
3,618,600 4,5,6 A 7

3,341,071
500,000
399,300

Principal—WTen

by

City Treasury.

357.000 5, 6A 6^1 Various

100
100

1870-’74
1881
1872-’73
1871

8,502,580

Where payable and
whom.

When

Rate.

; me amount oi

suuting iuuuB,ipoo,iu/,oui.

ing statement shows the details of funded debt and the
city sinking fund at the dates named:
Description.
Jan. 1,1880.
Jan. 1, 1881.

—

amount in tie
Jan. 1,

1882.

$134,400,50/

Total funded debt

$136,407,433

$133,535,019

Sinking fund....r

33,021,985

32,993,024

36,110,301

$103,385,448
6,039,966

$100,541,995

$98,290,200

Net funded debt...
Revenue bonds

5,524,245

4,325,095

$109,425,414
$106,066,240
$102,618,301
population of New York, bv the United States census, in 1870 wa*
942,292, and 1,206,299 in 1880. Since Jan. 1, 1861, the valuation, rate
of taxation, and net funded debt at end of year, have been as follows:
Total debt

The

/—Rate Tax p.

Real

Years.
1861
1865

Personal

Estate.

Estate.

$406,955,665

427,360,884
742,103,075
769,302,250
797,148,665
836,693,380
1874t
881,547,995
883,643,545
892,428,165
895,963,933
900,855,700
918,134,380
942,571,690
1881...... 976,735,199
Less sinking funds...
*

$174,624,306

181,423,471
305,285,374
306,947,233
306,949,422
292,597,643

272,481,181
217,300,154
218,626,178

$1,000—,

State. City.
$3 62 $16 ^6
4 96 24 94
2 70 19 80
4 43 T7 27
5 20 23 81
5 41 19 59
6 95 21 05
'
29 40
28 00
26 50
25 50
25 80
25 30
‘
26 20

206,028,160
197,532,075
175,934,955
201,194,037
209,212,899
t Annexed towns included.

Net Debt*
Dec.

31

$20,087,301

35,973,597
73,373,552
88.369,396
95,467,hi
107,023,471
114,979,970
116,773,721
119,811,310

117,700,7(2
113,418,402
109,425,411

106,066,210
102,618,301

£

...

The amount of all real estate taxes remaining overdue and unpaw
August 1, 1881, w as $3,253,945. The personal taxes overdue and unp»
were $13,790,197, of whicli $10,000,000 was estimated to he
The reduction between the amount of taxation in the years 1° 0**7
1880 was about $3,400,000.
There was, however, no substantial rea
tion in the expense of administering the City Government, as reu

wortmesj

April,

CITY

1883. J

tinh^Hhers

will confer a

Norwich,

Date of
Bonds.

fund bonds...
• - *
N. J.—School bonds.
Funded debt bonds.........-

18J78-’73
1862-’71
1869-’80
1863-’65
1877
1877-’78

bounty bonds..

*

“A

Renewal bonds,1

*B” and *C

....

1855
1855 to’71
1859 to ’70
1868 to ’70
1862 to 65
1860 to ’70

for water works
for bridges.
for park and Centennial.
Bonds for war and bounty purposes
do
do
do

municipal, school, sewer, Ac
do
Guaranteed debt, gas loans
Four per

....

1879

Y )

cent loan (“A to

Jlls.—School loan
($50,000 each year)

Peoria,

par

....

Water loan
Water loan

500
500
500
500
100 Ac
500
50 Ac.
50 Ac.
50 Ac.
50 Ac.
50 Ac.
50 Ac.
50 &c.
50 Ac.
25 &e.
....

....

Peoria & Rock

Island Railroad

•

•

•

....

•

do

....

•

•

•

•

....

....

1868 to’74
1878
1845 to ’72
1863
1871t© ’73
1879

Pittsburg—Water exten. loan (coup, or reg.)
Water loan, reg.

Funded debt and other municipal bonds..
Compromise railroad bonds (coup, and reg.)..
Bonds impr. Penn, av., Ac. (local assessment).
Bonds for overdue interest (temporary loan).
’68,’69,’70
Portland, Me— Loan to Atl.& 8t. Lawrence
1867 to ’69
Loan to Portland & Rochester Railroad..

do
do
Portland & Ogdensburg
Municipal—proper, ($63,000 are.5s due
Building loan bonds
do
do

’83)..

Recruiting and bountv bonds
Water loan bonds, gold, coupon

1872
1872
1859-79
1867
1855
1863
1872
1874
1876
1875
1879
1879
1872
1877
1879

do
registered
do
do
City Hall & sewer loan b’ds, sterling, cp. or reg
do
loan of 1879
Public improvement loan, registered
Prov. A Springfield RR. bonds, guaranteed...
Brook Street District certificates
do
do
do
coupon
1877 &’79
New High School Building certificates
Richmond,V a.-Bonds, reg., ($118,000 arecoup.)
Bonds, reg. and coup. ($216,000 are coup*)...
New lives
do
do

....

...

Rochester, N.Y.—To Genesee Valley Railroad ..
To Roch. A State L. and R. N. & P. Railroads.
For various city improvements
Water works loan, coupon and registered

Funding loan
Rockland, Me— City bonds
Railroad loan

($20,000 payable yearly)

do

do
Notes and certificates of deposits
St. Josepht Mo— Bonds to St. Jo. & Den
Bonds U Missouri Valley Railroad
Bonds fc r various purposes

.

.

.

.

-

....

....

....

....

....

o

©

©

©

....

1,000
500 Ac.
....

500 Ac.

1,000
lOOOAc.
lOOOAc.
lOOOAc.
lOOOAc.
lOOOAc.
£100
lOOOAc.

Large.
1,000
1,000

1,000
....

.....

....

1,000
lOOOAc.

Various
lOOOAc.
1875
1869
1871
1872

City RR. 1860 to’69

1869
1858 to’69
1871
Bridge bonds
1881
New con promise bonds (60 per cent)
1846 to ’71
St. Louis—Renewal and floating debt bonds
Real estate, buildings and general purposes.. 1840 to’68
Street improvement bonds
1855 to’57
Water work bonds (old)
1856 to ’58
1868
Tower Grove Park bonds (gold)
Sewer bonds
1855 to’69
Harbor and wharf bonds
1852 to ’68
Bonds to Pacific Railroad
1865
New water work bonds (gold)
1867 to ’70
do
•
1872
do
do
Renewal and sewer bonds (gold)
1871 to ’73
Renewal purposes, gold or sterling
1873
1875
Renewal, Ac., bonds, gold, $ and £
Renewal, Ac., bonds, gold $ and £, coupon..'. 1874-’79
Renewal bds.,gold,$ and £(part red’mable ’90)
1880
1872
Bridge approach bonds (gold)

100
100
100
100

Ac.
Ac.
Ac.
Ac.

500
500
100 Ac.
500
50 Ac.
Various
Various
Various

Various
1,000

1,000
Various

INTEREST.

Amount

outstanding.

$1,000
1,000
'68,’78,’80
1,000
1875
1,000
1878
1,000

SinKing

Funding bonds,

or

1868
1877

Conn.-City bonds.

Paterson,

War

Size

Value.

notes on first page of tables.

Court House......
1

xm

great favor by giving Immediate notice of any error discovered In these Tables/

DESCRIPTION.
For explanations see

SECURITIES.

160,000
300,000

Whom.

A. A O
A. A O

7
5

J. & J.
A. & O.
J. A D.
J. A D.
J. & D
J. & D.
J. & D.
Various
J. & J.
J. A J.
J. A J.
J. & J.
J. A J.
T. & J.
J. A J.
J. & J

7
5
7
7

50.000

5, 6, 7
7
6
6
5 A 6
6
6
6
6

Due.

ThamesN.Bk; Bost.,Bk.Eep
Norwich,
do

5, 6 A 7 Various

164,000
113,500
130,000
399,000
388,000
100,000
110,000
4,326,166

Where Payable and by

Pay’ble

Rate.

$125,000

Principal—When

When

do
do

1882-1902

do
do
do
do

Dee., 1879-1900
June, 1887
1901-1904
1882 to’85

Fhila., by Treasurer,

do
do
1,725,000
do
do
6,500,000
do
do
4,853,500
do
do
8,701,600
do do
6
11,650,000
do
do
6
15,637,425
do
6
do
5,999,400
do
do
4
8,484,485
7
Various N. Y., Amor. Exch.Nat. Bk.
81,500
do
do
M. A N.
10
50,000
J. & D.
do
do
7
195,000
do
do
205,000 7,6g.A7g Various
-New York.
7
J. & J.
100,000
A. & O.
7
4,279,000
Pittsburg, Treasurer,
do
6
J. & J.
do
300,000
6 A 7
Various Pittsburg, Pliila. & N. Y.
1,226,000
J. & J. New York, B’k of America.
4 A 5
2,179,469
Various
7
Philadelphia.
5,127,700
1,405,000
6
M.A N. Boston, Blackstone N. B’k.
787,000
do
do
6
J. & J.
627,500
do
do
J. A J.
6
416,000
do
M. A S.
do
6
1,200.000
Boston and Portland,
5 A 6
m’nthly
1,332,600
do
J. & D.
6
325,000
Providence,
M. & 8.
6
600,000
do
J. A J.
5
300,000
2,347,000 5 A 6 g. J. & J. Boston, Prov. and London.
1,653,000 5 A 6 g. J. A J. N. Y., N. City Bank, A Prov.
do
do
5 g. J. & J.
1,500,000
5 g. J. A J. London, Morton, Rose A Co
1,397,250
Providence,
J. A D.
4^
600,000
do
5
596,000
do
J. & J.
7
500,000
M. & S.
5
Treasury.
420,000
Boston and Providence.
M. A N.
4^
280,000
do
do
Various
4*2
112,938
J. A J.
6
Richmond, Treasurer,
3,263,545
do
do
J. & J.
8
1,214.700
(?)
7
J. AJ. N. Y., Metropolitan N. Bk.
160,000
N. Y., Union Trust Co.
F. A A.
7
750,000
Various New York and Rochester.
6 A 7
938,686
N. Y., Union Trust Co.
J. & J.
7
3,182,000
do
do
410,000
Semi-an
4 A 5
City Treasury,
359,050

187-9.0

176,000

218,000

348,000
859,000
1,688,000
1,104,000
70,000
127,000
346,000
772,000
578,000
700,000

...

1,000

3,950,000

1,000

1,250,000

1,000
1,000
1,000
1,000

681,000
1,074,000
707,000
2,747,000

1,000

1,024,000

500

461,000

(

1879 to 1903

1879 to 1905
1883 to 1905
1881 to 1904
1886 to 1890

May 15,1881
June 1,1888
1889-1891

July 1, 1888
1893 to ’98
1908
1881 to 1912
1913
1883 to’85
1884

....

•

.

•

.

•

Nov.,1886,’87,’88
July, 1887
July 1, 1897

Sept. 1,1907]
1881 to ’95
June 1,1887

Sept., 1885
Jan., 1893
Jan., 1900
Jan., 1900

July 1, 1906
July 1,1895
June 1,1899

July 1,’99 & 1900
1892

Sept. 1,1882-’84
May 1. 1885-’86
1882-’89

J.A J., 1880-1912

1886A1904-1900

t

1881 to 1903
1893

1880 to 190%
Jan. 1,1903
1905
1882 to 1897
1882 to 1899
1891
1892

^ .

do
do

& J.
F A A.
M. & S.

J.

6

6
114,000
6
128,800
120,000 3‘05 A
6 A 7
106,000

60,000

1, 1893
April 1, 1907
1898,1908 A1910
Jan. 1, 1905

April 1, 1908
Deo., 1882-1904
Dec., 1882-1900

City Hall, by Treasurer.
w do
do
do
do
do
do

Oct.

7
10 A
10
4
6
6
6
6
6
6
6
7
6
6
6
6
6
6
5
6

do

4

Various N. Y., Nat. B’k
M. & N.

6

Commerce
do

do

Various St. Joseph and New York.
J. & J. N. Y., Nat. B’k Commerce.
do
do
F. & A.
Various N. Y., Nat. Bank Republic
do
do
Various
do
do
Various
do
do
Various
do
do
Aug., 1898
F. & A.
1882 to ’89
do
do
Various
1881 to’88
do
do
Various
Feb. 1, 1885
N. Y., Nat. B’k Commerce.
New York and St. Louis. June, 1887, to 90
April 1,1892
A. & O. N. Y., Nat. B’k Commerce.
1891 to ’94
New York or London,
Various
Nov. 1,1893
do
do
M. A N.
do
do
May 1, 1895
& N.
1894 A 1899
do
do
A J.
Jan. A June, 1900
do
do
Dec. 10, 1892
N. Y,, Nat. B’k Commerce.
-

-

g.

g.
g.
g.
g.
gg.
g.
g.

1880 to’89
Nov., 1889
1880 to ’89
1891
1901
1881 to'91
1882 to 1906
1882 A ’87
1882 to’83

of property for 1882 arc: Full city property,
$491,481,202; suburban property, $35,197,912; farm property, $19,
Norfolk, Fa.—The assessed valuations and tax rate per $1,000 have been: 096,115; all the personal being classified with the full city property
Population, 1870, 674,022, against 847,170 in 1880.
X~ar8,
Real Estate.
Personalty. Tax Rate.
Peoria, III.—Total debt, $673,500 in 1982.
Population, 29,259 in
$8,689,716
$1,497,130
$19
19 1880; 22,849pn 1870.
8,861,392
1,463 498
9,354,765
1,310,861
20
Pittsburg— Assessed valuation in 1880: Real property, $85,744,990 ;
1822-V;. in 1870, 19,229 9,526,466
1,627,855
personal, only $2,516,540. Tax rate, 1880, 20'4 mills per$l. Popu¬
—Population
; in 1880, 21,966.
lation, 156,389 in 1880; 86.076 in 1870. interest defaulted April,
Norwich, Conn.—The assessed valuations, tax rate, Ac., have.’been :
1877, on Penn Avenue improvement bonds, legal points being dis¬
puted.
Real
Personal Rate of Tax Total
Sinking
,A®ar0,
Instate.
Property, per $1,000. Debt. Funds, Ac.
Portland, Me.—The sinking fund and available assets March 31, 1881,
were $203,221.
JgZS
$7,735,158
$3,725,846
$11
$765,664
$
The city is protected by mortgages on Atlantic & St.
}877
8,184,815
3,273,074
8
763,277
Lawrence, Portland A Rochester, and Portland A Ogdensburg railroads.
7,794,678
7
3,535 Population in 1879, 35,010, against 31,413 in 1870, and 26,341 in 1860.
3,039,564
771,863
7*4B5,418
3,057.099
9
777,312
9,191 -Population in 1880, 33,810; 1870, 31,413. The assessed valuations,
—Population,

tiouinState taxes
40, 244.)

was

about equal

to^reduction in tax levy. (V. 33, p.

v

21,145 in 1880; 16,653 in 1870,

»F^ers?n' J-—Finances are
assessed valuations, tax rate
Q^oar8’

$1,000, Ac., have been:

Real Estate.

Personalty.

pLvV-'-VV 16,398,608
—Population, 51,031 in 1880;

3,544,517

i

tax rate,

apparently in a sound condition.

per

$15,850,857
15,923,108

$3,255,659
3,246,501

33,579 in 1870.

Tax Rate.
21*
2*4

2*4

The

Debt.
$1,286,500
1,275,000

1,259,500

Phdaxlelphi a.—The total
qift!

hating

funded debt, January 1, 1881, was $69,431.debt, $601,365; on January 1,1882, the debt was $68,139,-

debt, $489,487.
Total assets Jan. 1, 1882, including
held, and $2,549,998 of taxes “ due and

railroad stocks
.

and $-742,025 cash,

were $27,445,373.
In the following
estate is near its casli value:
Real Estate.
Personalty. Tax Rate,

Yffora ae8essed value of real
i q~<;

re‘

toon
IrSY
logo




$585,408,705
593,313,532
577,548,328

$10,004,673
9,755,000
9,439,769

$21 50
22 50
21 50

526,539,972
529,169,382
543,669,129

8,069,892
7,498,452
7,863.385

20 50
20 00
19 50

545,608,579

Assessed valuations

8,166,650

19 00

Years.

Ac., have been:
■

Real
Estate.

$19,067,200
19,212,800
19,825,800
19,777,200

Personal Rate of Tax
Property, per $1,000.

$11,825,645
11,458,354

$25 00
25 50

Total

Sinking

Debt.

Funds. Ac.*

$5,507,900
5,316,600

$377,061
360,815

10,359,128
25 00
5,235,600
225,710
25 50
4,688,100
92,356
11,376.456
These do not include the sinking funds for railroad loans.
Providence, It. J.—The principal debt of Providence has been created
since 1872 for water works, sewerage, new City Hall and Brook Street.
Improvement. The sinking fund for bonds due in 1885. $635,104 ;
1893, $238,126; 1895 99, $317,139; 1900-6, $119,457. Population,
1870,68,904; 1880, 104,857. The laws of Rhode Island now limit the
debts of towns to 3 per et. of their assessed valuation. Assessed valua¬
tions (true value), tax rate, etc., have been:
Real
Personal
Tax per
Assets in Sink.
Total
Years.
Estate.
Funds, Ak;.
Property.
$1,000.
Debt.
$86,341,100 $30,699,400 $14 50 $10,590,550 $1,292,697
86,816,100
28,765,600
14 00 10,475,550
1,237,008
*

13 50
10,202,688
1880.... 88,012,100
27,908,900
14 00
10,100,599
1881....
28,413,800
87,788,000
State valuation, $168,547,726; city, $116,201,800.

.

__

1,359,142

1,397,558

Date of

Size

Bonds.
For

explanations see "otes

St. Louis—(Continued.)
St. Louis County bonds

outstanding.

Asylum
County Jail

1867
$1,000
1868
1,000
1872
1.000
1873 to’76
1,000
1875
1.000
1875
1,000
Various. Various
Various. Various
Various
1868
500 &c.
1870
1,000
1873
1,000
1873
1,000
1879
1,060
100 &C.
Various.
1871
1,000
100 Ac,
1868-9

County bonds

St. Paul, Minn.—Revenue nonds
Preferred bonds
8 per cent bonds
Lake Superior <fc Mississippi
St. Paul & Chicago Railroad.
Public Park (Como.)

..

•

Railroad

Local improvement
Bonds

Salem, Mass.—City debt
Citydebt
Water loan
do

San Francisco— Bonds of 1858, coupon (gold)..
coupon

(gold)

Central Pacitic Railroad, coupon (gold)
Western Pacitic Railroad,
do
do

do

Judgment bonds,

School bonds
School bonds
Park improvement bonds

do

.

Hospital bonds

House of Correction bonds

City Hall construction
Montgomery- Ave (special tax)
Dupont St. (special) (Act March 4, 1876)
Savannah, Ga.—New compromise bonds
Somerville, Mass.—Citv debt
Park& wat'r ($170,000 A.&0.;
Water loan

•

1878
1,000
1858
500 &c.
1863 to ’64 500 <fee.
500 &c.
1864
1865
500 Ac.
500 &c.
1867
1870 to ’72 500 Ac.
1874
500 Ac.
1872 to ’75 500 Ac.
1871 to’73 500 Ac,
1874
500 Ac.
1875 to ’76 500 &c.
1873-74
1876
100 Ac.
1879
Various.
....

.....

■

$155,000 J.&J.)

•

•

•

500,000

Where

Principal—"When

Payable, aud by

Due.

Whom.

Pay’ble

1,000
1,000
1,000

....

are

6

per

cents)

....

Railroad loan
Toledo, O.—General fund city bonds, coup
Toledo & Woodville Railroad, coupon

•

•

•

•

1866 to’79
1870

Water works (#3.000 only 6s)
Bhort bonds, chargeable on special assessm’ts.
Worcester, M—City. ($536,500 o., |$1,349,500 r.)
Sewer debt (all registered)
Water debt ($80,000 coup.. $291,300 reg.)

®

®

....

1874 to’80
1861 to ’81

7
7

J.

115.000

6

10^,000
300,000
500,000
398.500
330,000
435.500
307,000
172,000
246,000

5 & 6
6

6 g.
6 g6 g.

475,000

210,000
150,000
611,000

I1:

1,579,000

1,250,000

325,000

320,000

167,000
174,000

1,200,000
240,000

1,160,650
432,000

1,000,000
505,521

1,886,000

Rochester —Total debt, $5,966,410.
The bonds of Genesee Valley
Railroad loan. $168,000, are provided for by net receipts from a lease of
said road to Erie Railway. Population, 89,366 in 1880; 62,386 in 1870.
Assessed valuation (60 per ct. of true value), rate of tax, <fce., have been :
Tax per$1,000
Total
Real
Personal

325,000
371.300

A.
J.
J.
A.
J.

gg*
7 g.

385,000
200,000

928,000
3,000,000

....

6
5

Is55*e66*fl

Y., Nat. Bk. Commerce.
do
do

.T.

100,000

....

500 <tec.
1870 to’81 500 &c.
1870 to ’76 500 Ac.

& J. N.

M. A 8.

7
8
6
6

5, 6 & 7

100,000

....

’73,’74&79

J.

& D.
J. & J.
A. & O.
M. & N.
M. & N.
M. A N.
Various
J. A D.
T. & D.

1,900,000
500,000
707,425
48,710
263,125
200,000
100,000

Large.

....

City bonds

600.000
850.000

Large.
Large.

....

....

Springfield, Mass.—City notes

if

•

7
7
6 g.
7 & 6 g.
6 g.
6 g.

$100,000

1887769. 81187-290
General purposes, gold
Renewal
Park bonds, coupon, gold

Water loan ($200,000

When

I

assumed—

Insane

Judgment bonds,

Rate.

Value.

lirst page of tables

on

Amount

or

par

J.
A.
J.
M.
A.
J.
J

J.
M.
J.

A
A
A
&
&
&
&
&
&
&
&
&
&
&
&

J.
O.

J.
J.
O.
J.

July 1,1887
Bept. 1,1883
June, 1892
1889 to 1896
April 1,1905
May 1,1895

do
do
do
dodo

do
do
do

N. Y.t Kountze Brothers.
do
do
do
do
do
do
do
do
do
do
do
do
do
do

1880 to’90
1883 to’86

1889, ’90, ’96
1888 & ’98
1900
1903
1898

April 1, 1904

City Treasury.

1880 to 1889
Jan. 1, 1891

Boston, Merchants* Bank.

do
do
J. Ban F.& N.Y,,
O.
do
J.
do
N.
do
O.
do
D.
do
J.
do
do
J.
do
N.
do
& J.
do

do
do

Laidlaw & Co,

Apl. 1,1883-1898
July 1,1904
Jan. 1, 1888
Oct. 1, 1883

do

do
do
do
do
do
do
do
do
do

& J. San.F.A N.Y.,Laidlaw& Co.
N. Y., Eugene Kelly & Co.
Various Boston, Rat. Security Bank
do
do
Various
6*2
do
do
5*2,6,612 Various
Various
4*2,6
City Treasury.
Various Boston, First National B’k.
6
A. & O.
do
do
6 & 7
do
A. & O.
do
7
6, 7 & 8 Various N. Y., Imp. & Trad. N. Bk.
7-3
M. & N.
do
do
6 & 8
Various
do
do
Various
do
do
7 & 8
4, 5 & 6 Various C.Treas.&Bost, Mehta.’ Bk.
do
do
4, 4*2, 5 Various
Various
do
- do
5 & 6

July 1, 1894
May 1, 1895
Oct. 1, 1887
June 1,1882 to *99
July 1, 1894
1897 & 1904
Nov. 1, 1891

July 1,1894
1899

J.

1896
Feb. 1, 1909
1882 to 1896
1881 to 1884
1880 to 1906
1882 to 1884
1882-1889

Q—;F.

Apl. 1,’94, to 1905
Apl. 1,1879-1893
1881 to’94

May, 1900
1893. ’94 & ’99
1879 to’81
1882 to1906
1899 to 1905
1882 to1906

fund amounts to about $290,000. Tkers
$46,000 of 4 per cent bonds also held by sinking funds. Population,
27,563 in 1880; 24,117 in 1870. Tax valuation, 1881, $23,788,356.
Salem, Mass.—The sinking

are

San Fi'ancisco—Population. 233,959 in 1880; 149,473, in 1870. Tho
Montgomery Avenue and Du tout Street bonds are special issues charge¬
able
$5,594,686 four only on the assessment of property benefltted. The assessments for
$53,661,475
$1,958,900
years and tax rate (per $100) are given below.
The large increase
5.549.186
48,196,975
2,003,800
in personalty in 1880-bl was made by the arbitrary assessment of.
5,471,686
42,658,350
1,706,300
21-79533
37,717,175
5.446.186 persons making no sworn statements of their property.
1,584,940
Realty.
Personalty.
Tax Rato
Richmond, Va — Real estate assessed, 1880, $28,348,283; personal,
$54,196,550
$124
$190,280,810
$7,471,488. Tax rate, $1 40. Population, 63,< 00 in 1880 ; 51,038 in ’70.
51,057,229
1 99V
166,429,845
Rockland, Me.—Valuation of real and personal estate, 1881, $3,460,165,023,658
279,287,738
2 04
000. Tax rate, $25 per $1,000. Population, 7,599 in 1881; 7,074 in
155,870,926
66,547,386
1 80*a
1870.
Sinking funds raised annually amount to over $225,000.
Years.

Estate.

Property.

in old Wards.
1875
20-21
19-64

Debt.

St. Joseph. Mo.—Population in 1880. 32.431; in 1870. 19,565.
As¬
sessed valuation of real estate, 1880, $5,723,784. Personalty, $3,294,451; total $9,618,235. Rate of tax, 1880, 32*2 mills. In 188L total
assessed valuation was $9,885,000, which was probably about 60 per
cent of actual value. A compromise of the debt was made in new 4

quence

cent bonds, which are given for the full principal and interest of old
(V. 32, p. 659.)
St. Louis.—Population by the United States census in 1870 was
310,864, against 350,518 in 1880. The city and county were merged

$22 50;

per

bonds.

by law in 1877 and city assumed the county bonds. The Comptroller

ollows: following in his report to April,
fiscal year (April appear as
frives the The bonded debt at the close of1881: The liabilities9, 1881)is

$22,417,000. A claim of the St. Louis Gaslight Company for gas fur¬
amounting in all to about $850,600, was decided against the city in
1880, but appealed. Assessed valuation of property and tax rate have

nished.

been:

Real Estate
and Personal

Years.
1878
1879
1880

Property.
$173,086,330
164.399,470

Rate of tax per $1,000.->,
New
Old

Limits.
$5 00
5 00

Limits.
$17 50
17 50

in similar bomlH. Assessed value of real estate and tax rate each year
have been as follows: In 1875, $13,932,612, $22 50; 1876, $14,256,540,

1877, $14,256,540, $15; 1878, $9,946,633, $25; 1879,
Population in 1870, 28,235, against 30,709 in 1880.

$10,100,000, $25.

Somerville, Mass.—Total debt, January 1, 1882. $1,585,000;

Population, 24,933 in 1880; 14,685 in 1870.

Springfield, Mass.—Total debt, January, 1882, $1,811,221. The raildebt falls due $20,000 each year. Population in 1860,33,340;

roan

1870, 26,703.

Debt.

sinking

fund, $312,263.
Property valuation in 1880, $20,458,100. Except
$140,000 5s in $1,000 pieces, ail bonds are in $2,000 to $50,000 pieces.

Tax valuation and rates have been:
Personal

Bonded

Years.

$22,787,000

22,614,000
160,634,840
5 00
17 50
22,507,000
1881
5 00
17 50
22,417,000
St. Paul, Minn.—Population in 1870 was 20,030; in 1880, 41,473Assessed valuations of taxable property and tax rate have been:
Personal
Rate of Tax
Total
Sinking
Real Estate.
Debt.
Years.
Property.
per $1,000.
Funds, Ac.
22 mills.
1875.... $20,836,710
$6,919,216
$1,323,812 $616,292
“
16
1876....
6.340,493
1,332.500
18,835.525
551,755
18
“
1877....
18,993,545
5,452,871
567,612
1,327,200
“
13
1878....
5,491,026
17,300,486
1,356,444
616,000
15
“
1879....
5,942.503
1,519,310
17,300,766
656,000
-Valuation of real estate is about 40 per cent of true value.




was made ou interest Nov. 1,1876, in conse¬
of yellow fever and non-collection of taxes. The compromise,
reported in V. 26, p. 625, gave new 5 per cent bonds for the face of old
bonds; and tor interest up to Feb. 1,1879, 58 per cent of the face valuo

Savannah, Ga.—Default

as

1879
1881....

Real Estate.

$22,746,330
22,211,230
23,795,920

—Valuation of real estate is about 67 per

property.
$6,63 7,845
7,230,094
8,935,850

Tax rat*
per $1,000.

$11 00
12 00
12 50

cent of true value.

$3,316,091. Of this the debt
$505,521, and the certificates of
indebtedness, $62,64i. Taxable valuation of real estate, 1878, $12,805,9 L5; personal, $5,350,150. Tax rate, $3 36 per $100. Population,
Toledo.—Total debt, January, 1881, was

payable by special assessments

56,137 in 1880; 31,584 in 1870.

was

(V. 30, p. 356.)
Worcester, Mass—Total debt, January 1,1882, $2,582,300. Cosh assets,
$101,748, including$265,299 sinking fund. Population, 58,291 in 1880;
41.105 in 1870. Tax valuation, 1880, $41,005,112; in 1881, $42,600,529; tax rate, 1-68.

5

RAILROAD

1883. J

April,

Subscriber* will

STOCKS

AND

BONDS

confer a great favor by giving immediate notice of

description.

any error discovered in tbese Tables*

Size,

Par
Value.

Outstanding

95
233
296
177
142
142
142
142
61
259
132
110
110
259
27
30
62
229
34
1790

1878
1881

$1,000

$1,000,000

1878

1,000

470

1869
1870

08781

explanation of column headings,
on first page of tables.

&o., see notes

Central—1st mortg. gold ooupon . 0. Texas & Pacific ./unc.-Debentures..
Ala.db Qt.8ouih*n. — 1st mortgage, coupon

Alabama

Alabama JY.

Susquehanna—Stock
Albanycfty loan (sinking fund, 1 per ct. yearly).

Albany dt

Consoirtmort. (guar. D. & H. endorsed on bonds)..
AlSgany Central- 1st mort., gold ($8,000 per mile).
Allegheny Valley Stock.. .......
General mortgage (Riv. Div.)

--- - - --- - - -•

Bonds to State Pa. (endorsed) 2d mort.. East
1st mort., East’n Extern, guar by Pa. RR

ext,

Funding income bonds, with traffic guarantee....
Amador Branch- 1st mortgage
Asheville & Spartanburg— 1st mortgage, gold
Ashtabula & Pittsburg -1st mortgage, coup, or reg..
Atchison Col. & Pacilic—1st mort., guar
Atchison Jewell Co. & West.—1st M., guar. C.B.U.P.
Atchison Topeka <& Santa Fe—Stock
1st mortgage, gold
Land grant mortgage, gold
Consol, bonds, gold

1882

i8 66

1,000

1870
1871
1874
1877
1876
1878
1879
1879

100,000
1,000
100 &o.

50

1,000

*27
66

.

148
134

500 &c.

109,000
78,000
438,500

?g*

1880
1880
1880
1872
1875
1876
1875

stook.

1,000
1,000
1,000
1,000
1,000

1,149,000
3,706,000
5,073,000
412,000

Ig*

1,000
1,000

1,633,000
1,942,200
514,000
566,000
372,000

1878
1879
1879
1879

1,000

(V. 32, p. 2a8; V. 33, p. 559.)

Alabama New Orleans Texas <& Pacific Junction.—The preferred or “A’'
•hares authorized are $12,500,000, and the deferred or “B” shares
authorized also $12,500,0o0; and of the total $25,000,000, about $15.-

are out. The company purchased the Vicksburg & Meridian,
Vicksburg Shreveport & Pacific and the New Orleans & Northeastern
railroads. See V. 33, p. 22.

000,000

Alabama Great Southern.—Dec. 31, 1881, owned from Wauhatchie,
Tenn., to Meridian, Miss., 290 miles; leased,Wauhatchie to Chattanooga,
Smiles; total operated, 296 miles. Northeast & Southwest Alabama
•hartcred Dec. 12, 1853. Reorganized as Alabama & Chattanooga Oct.
6,1868, and was opened May 17, 1871. Default made Jan. 1, 1871, and
road sold under foreclosure January 22, 1877.
Present company
siganized November 30,1877. New company assumed Receiver’s cer¬
tificates and issued new bonds for $1,750,000. The lands were conveyed
tn full settlement to the holders of the $2,000,000 of Ala State bonds.
These lands (about 550,000 acres) are held by trustees. (V. 30, p. 117.)
The road and equipment have been thoroughly renewed. Capital stock—
Common, $7,830,000, and preferred 6 per cent, $1,750,000; funded debt,
$1,750,000, and Receiver’s certificates, $178,000 (of which $134,000 in
litigation, all valid certificates allowed by U. S. Court paid on presenta¬
tion). Gross earnings in 1880, $643,130; expenses, $451,335; net.
$191,795. Gross in 1831, $789,376; expenses, $502,952; net, $286,424.
-(V. 32, p. 499, 611; V. 33, p. 125 ; V. 34, p. 342.)

Albany & Susquehanna.—December 31, 1881, owned from Albany, N’
Y., to Binghamton, N. Y., 142 miles; branches—Quaker Street, N. Y..
toSohenectady, 14 miles; Cobleskill, N. Y., to Cherry Valley, 21 miles;,
total operated, 177 miles. Chartered April 19, 1851, and road opened
Jan. 14,1869. Steel rail, 135 miles. Leased in perpetuity from Feb.,
1870, to Delaware & Hudson Canal Company; rentals, 7 per cent on
stock and bonds. Additions and betterments oharged to lessors,
and
•oat made part of investment. In 1871 lessees built the Lackawanna &
Susquehanna Railroad from Nineveh to their Pennsylvania coal fields,
and secured the joint use of the Jefferson Railroad.
This opening

large coal trallic to the road and to the other Delaware & Hud¬
son leased roads north from
Albany to the Canada line. The consoli¬
dated mortgage is for $10,000,000, of which $3,450,000 is to retire <*d
bonds, and balance for a part of old stock and to lessee for improwe-

gave a

2leJ^™G.1,088 earnings in 1879-80, $1,538,982;
in

net, $657,288, against

1878-9 and $456,580 in 1877-8. Interest, dividends and
Loss to lessees, $64,083. (V. 32, p. 99.

1879-80, $721,371.

Allegany Central.—Narrow gauge road from Olean, N.
61 miles. The road was
nearly
iBsue is $600,000, and the bonus are redeemable
any time

Y., to Swains,

completed January 1, 1882. The total

i

132

at 105.

Valley.—Dec. 31,1881, owned from Pittsburg, to Oil City,Pa.,
miles; branches—Red Bank, Pa., to Driftwood, 110 miles; others, 17

miles; total operated, 259 miles. Chartered April 4,1837. Road
opened
t0 Gil CitY
(,132 niiles) Feb. 2, 1870. Low-Grade Div., Red Bank
io Driftwood
(110 miles) opened May 4,1874. The company became em¬

barrassed in 1874 and compromised with its creditors. It still falls short
interest
ancx

liabilities. The amount of income bonds authorized
t'kese receive all revenue left after interest on prior

a?y deficiency is made up by additional issues.

The income

in^?°nvece;lvefl wfia^ there is in cash and balance in bond scrip. Of the
i^rv!?e “Old tfie Pennsylvania RR., Northern Central and Philadelphia
$4,98 ,000, the interest on which is paid altogether in
85lp: thebonds held by individuals are paid in cash and scrip
mortgages. The earnings, &c., for five years were as follows:

Years.
1877
...8781

Passenger
Mileage.
19,833,405
15,874,054

Freight (ton)
Mileage.

106,609,036
84,077,541
94,606,809

Gross

Earnings.
$2,492,080

1879....; 13,976,446
*880.... 16,119,027
107,352,410
1881....*
-(V. 32, p. 367, 525 ; V.
33, p. 440, 467; \.

1,910,222
1,745,316

1,919,528
2,169,786
34, p. 434.)

Net

Earnings.
$1,144,972
915,727
761,835
832,301

Cal., 27 miles. Leased in pe
' V 1877»to Central Paoific—rental $3,500 per monti
$o7o,0u0. Leland Stanford, President, San Francisco.
efi

•J

Spartanburg.—Road,

projected, extends from Spartan
c., to Asheville, N. C., 67 miles, of
which 48 miles, Spartanburg




Mock*—Last
Dividend.

Whom.

N.Y.,Metropolit’n N.Bk July 1, 1918

&
&
&
&
&
&
&

J. N.Y.,Farmers’ L. & T. Co
Jan. 1, 1908
J. N. Y., B’k of Commerce.
Jan. 1, 1882
J. N.Y.,Del. & Hud.Can.Co
July, 1888
N.
do
do
Nev„ 1895-'97
O.
do
do
Oct., 1885
O.
do
do
April 1, 1906
J. N.Y., Post,Martin & Co. Jan. 1, 1922
-

& J. N. Y., Winslow, L. &Co. March 1,1896
Jan’ary Harrisburg, Treasury. 100,000 y’rly.
A. & O. Philadelphia or London April 1, 1910
A. & 0. Pittsburg, Co.’s Office.
Oct. 1. 1894

J. & J. N. Y., Cent. Pacific RR.
J. & J. Charleston& New York.
F. & A. Phil., Fid. I.T. & S.D.Co.
Q.-F. N. Y., Hanover N. Bk.

7
7 *■

8

4Lj
7 g*

?g*
7S-

?g*
7
7

J.
A.
A.
J.
J.
A.
M.
A.
J.
J.
M.
J.
J.
J.
A.
A.

&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&

J.
O.
O.
J.
J.
O.
S.
O.
J.
J.
S.
J.
J.
J.
O.
O.

Jan. 1. 1907
Jan. 1, 1897

An*?. 1, 1908
May 1, 1905
May 1, 1905

N.Y., Hanover Nat. Bk.

Q.-F.
Q.-F.

1*2

Boston, at Office.

May 15,1883
July, 1899

Boston, North Nat. Bk.
do
do

c

do
do

Oct.

Boston.

Boston, Co.’s Offico.
Boston,

do
N.Y., Nat Bk. of Com’ce
Boston, North Nat. Bk.
Boston, Everett N. Bk.
do do

Bost., N. Bk. of N. Am’a
do

1, 1900

1903
1882
Jan. 1, ’83-’88

April 1, 1909
Sept. 1, 1920
Oct. 1, 1920
July 1, 1902
July 1, 1905
Mar. 1, 1906
July 1, 1905

do

July 1, 1905
July 1, 1909
Bost., N.Bk. of Republic Oct. 1, 1909
Boston, North Nat. Bk.
do

do

Oct.

1, 1909

Hendersonville, are in operation. Placed in hands of receiver Novem
ber, 1878. Capital stock, $1,000,000. (V. 32, p. 17, 396.)
to

Ashtabula <6 Pittsburg.—December 31,1881, owned from Youngstown*
O., to Astabula Harbor, O., 62’6 miles. Organized as Ashtabula Youngs¬
town & Pittsburg in 1870, and road opened May 1, 187 3.
Pennsylvania
Company, as lessees, guaranteed bonds upto January 1, 1877.
Default

July 1,1878, and property sold August 21, 1878. Existing company
organized September 25,1878, and it is leased by Penn. Co., which pays
net earnings to A. & P. The common stock is $958,491 and preferred
stock $700,000. Earnings, &c., for three years were as follows:
Stock.
Bonds.
Years.
Earnings. Expenses. Profits.
$1,658,491 $1,500,000 $252,604 $183,625 $68,978
1,658,491
1,658,491

1,500,000

282,643

198,815

1,500,000

317,500

203,246

83,827
114,254

Colorado <£ Pacific.—In February, 1880, the Waterville &

Atchison

Washington, Republican Valley, Atchison Solomon Valley & Denver and

the Atcliison

Republican Valley & Pacific railway companies were con¬

solidated into a new company called the Atchison Colorado & Pacific
Railroad Company, and a new first mortgage of $16,000 a mile, with

interest at 6 per cent per annum,

issued to take the place of the first

mortgage bonds of the railroad companies named. The road is an exten¬
sion of the Union Pacific Central Branch, by whioh the bonds are guar¬
anteed and the road is controlled, and the whole system is virtually
owned and controlled by Union Pacific.
Atchison Jewell Co. & West.—Under same
Atchison Colorado & Pacific.

Atchison Topelia <& Santa Fe.—Dec. 31,

auspioes and oontrol as

1881, mileage was as follows

Main Line—Atchison to Kansas State line, 471

miles. Leased— Kansas
City to Topeka, 66 miles; Pleas’t Hill to Ced. June., Ka., 45 miles; Em¬
poria to Howard, 76 miles; Florence to Douglas, 54 miles: Florence to
Ellinwood, 99 miles; Newton to Wichita., 27 miles; Wichita to Arkansas
River, 69 miles; Wellington to Caldwell. 23 miles; Kan. State L. to S.
Pueblo, Col., 149 miles; Pueblo to Rockvale. Col., 37 miles: La Junto to
N. Mex. State L., 96 miles; Col. St. L. to San Maroial, N. M., 354 miles;
Lamy to Santa Fe, 18 miles; San Marcial to Deming, N. M.. 128 miles;
Rincon to Texas line, 5^ miles; Texas line to El Paso, 20 miles; total
leased, 1,319 miles.
Total operated directly, 1,790 miles. Owned
jointly—Burlingame to Manhattan, 57 miles. The Kansas City Law¬
rence & Southern Kansas, 384 miles, was also acquired by purchase
of the stock in Sept., 1880, and the 5 per cent bonds due Sept. 1,1920,
issued therefor (V. 31, p. 559), with sinking fund of 1 per cent a year.
The Kansas City Topeka & Western is leased, and the lessee pays
interest

on

the Kansas City Topeka & West, bonds as rental.

The 5 per

cent bonds were issued for stocks and bonds purchased, and 4*2 per
cents for extension of the line to Deming and El Paso, and have the
6 per cent mortgage bonds of the Rio Grande Mexico & Pacific and
the Rio Grande & El Paso roads deposited as security for them. The
sinking fund is 1^ per cent, rising to
by 1910. Such bonds as are
held in the company’s treasury, or leased line bonds held as collateral
for any of its own bonds given above, are not included in the above
amounts outstanding.
The Sonora RR. in Mexico was purchased in March, 1883, by giving
one share of A. T. & S. F. stock for two shares of Sonora stock or $200
in income bonds, and the Sonora lstmortg. bonds were guaranteed. (See
V. 34, p. 315, 461.)
A dividend of 50 per cent in stock voted Oct. 7 to stockholders of
record October 24; also a subscription of 15 per cent new stock at par.
The total capital stock when all is issued—$54,337,500. See V. 33, p. 411.
An agreement was made in Feb., 1880, with the St. L. & San Fran., for
the joint construction of a line to the Pacific, under name of Atlan. & Pac.
For terms see Atl. & Pac.; St. L. & S. F. The annual report for 1881
.

published in the Chronicle, V. 34, p. 459.
follows:

was

Income, etc., for four

years was as

1880.

1881

1878.

1879.

$

$
1,353,231
4,883,435
144,777

$
1,786,901
270,094

$
2,970,608
9,051,623
562,278

Total gross earnings.. 3,950,868
Total operat’g expens. 2.066,970

6,381,443

8.556,976

12,584,509

2,963,128

4,374,287

8,063,326

1,883,898

3,418,315

4,182,689

4,521,183

Earnings—
Passenger
Freight

Mail,

Net

express,

&c

earnings

904,672

‘®r?nc^,r_G'a^’ Cal.,to

fitonir

6
6

200.000

1,000

$4,400,000. In 1881 a con¬
trolling interest was sold to the East Tenu. Va. & Ga., by whieh this

6

854,000

1,000

Payable, and bj

J.

5
7
7

2.915.500

due July 1, 1918, $1,400,000;

305.)

*7*30

pal, When Due

*

500 &c.

1,000

t per cent (if earned) 40-year bonds,
total stock and bonds under re-adjustment,

m

7
6
7
7
6 g.

J.
J.
J.
M.
A.
A.
J.

3*3

100
500 &c.

1,000
1,000

J. & J.

*6*g.

675,000
400,000
1,500,000
3,672,000
542,000
69,500,000
7,041,000

100 &C.

Alabama Central—Dccember 31, 1880. owned from Selma, Ala., to,

rentals

6

8,171,700

100

Lauderdale, Miss., 96 miles; leased (M. & O.), 18 miles; total operated,
114 miles. Defaulted January 1,11872, and finances re-adjusted in
1878. Capital stock, $2,000,000; first mortgage (on 95 miles) 6 per
sent 40-year bonds, duo July 1, 1918, $1,000,000.
Income mortgage

$558,268

Rate per When Where
Cent.
Payable

i878

Sinking fund bonds (seoured by mort. bds.)
Wiohita & Southwest., 1st M., gold, guar
Kans. City Top. & West. 1st mort., gold
do
income bonds
do
Pueblo <fc Ark. Valley, 1st mort., gold, guar
do
do 1st (& 2d on 148 miles) guar..
Kansas City Emporia & S., 1st mort., guar
Cowley Sumner & Fort S., 1st mort., guar
Marion & McPherson, 1st mort,, guar

road la now operated.

Amount

1,000
1,000
1,000
1,000
1,000

1865
1865
1876

Construction notes

Land income bonds, 5 to 10 years
Bonds, gold (secured by mortgage bonds)
S. F. bonds for purchase of K. C. L. & S. K.

or

5,000,000
1,463,000
3,500,000
998,000
1,000,000
1,708,000
2,987,000
500,000
2.166.500
4,000,000
2,999,000
10,000,000

i863

bond*—Prthci

INTEREST OR DIVIDENDS.

Miles Date
of
of
Road. Bonds

Fnr

XT

987,496
2,826,484
136,888

6.499,981

INCOME ACCOUNT.

1878.

Receipts—
Net earnings
Pottawat’e land ae’et.
Rentals and interest..

Sundry credits

1879.

1880.

1881.

$

$

1,883,898

3.418,315

$
4,182,689

4,521,183

8

1.39.322

130,739

44,691

60,034

120,148

229,837

1,928,589

3,748,410

4,302,837

4,751,020

as

Total income

Subscribers will confer

a

Miles

of
explanation of column headings, Ac., see notes
Road
on first page of tables.

Atchison Topeka d Santa Fc — (Continued.)—
Pleasant Hill A De Soto, 1st M., gold
Florence El Dorado A W., 1st mortgage, gold
New Mexico A So. Pacific—1st mortgage, gold
f Sonora RR., 1st mort., gold, guar. ($20,000 p.
Atlanta d Charlotte.—'Sow prer. mort

44
31

295

m.)

....

265*2
265*2

Mortgage bonds
Income bonds, registered (not cumulative)

....

All. dPac. —lstg.,s.f.,cp.or rg.($25,000p.m.onW.D.)
Income bds., non-cum’tive, ($18,750 p.m.onW.D,)
1st RR. A land grant bonds on Central Division..
1st land grant bonds on Central Division
Atlantic d St. Latcrencer—Stock ($5,457,100 stg.)..
1st mort. to City of Portland (sinking fund)
2d mortgage, sterling, 5-20 years... /
3ddo
*
do
do

....

34

1864
1871

54
595

1880

790,513

Dividends

4li
421
263
104

i*2
89
90

Balance, surplus
Total

.

500

lOOOAc.
50 Ac.

£100
£100
100

1,000
100
100

1870
1855
1872
1874
1875
1877
1879
1855
1878
1871
1871
1875

iioo
£200

£200

1,000
1,000
1,000
1,000
1881.--

$

$
774,710
866,6(53

804,273

1,841.021

72.812

35,125

132,030
4,494

941,717

1,132,072

1.928.589

3,743,410

40,490

4,302,837

Atlanta d Charlotte. Air-Line.—Doc. 31, 1SS0, owned from Charlotte,
N. C., to Atlanta, Ga., 269 miles. Successors of Richm. & Atl. Air-lane,
which was a consolidation (1870) of three separate lines in No. Carolina,
So. Carolina and Ga. The whole road was opened for traffic Sept. 28,
1873. Soon after completion default was made, and the property passed
to a receiver November 25, 1874.
Sold under foreclosure December 5,

1876, and purchased by the bondholders, who formed the existin'? cor¬

18796-0

Whom.

J. A J. New York and Boston.
A. A 0.
M. A N.
New York.
At Mat.
do
M. A S. London, Gr. Trunk Rw.
M. A N.
A. A O. London, Gr. Trunk Rw.
M. A N.
do
do
Savannah.
J. A D.
J. A J. Pliila.,Far.A Mech.N.Bk
M. A N.
Baltimore Office.
J. A J. Balt., Merchants’ Bank.

6
6
3
6

6 g.
d g.

3*2
6
5
3

2,603,779
8.120,878

*
6
6
d g.
6 z.

8,356,650

d g.

760,000
7.744.000

1,500,000

6
5
6
6
d
d g.

3,000,000

6 g-

2,000,000

6

3,000,000

A.
M.
J.
M.
M.
J.
J.
A.
J.
J.
J.
A.
J.

A 0.
A S.
A J.
A S.
A N.
A J.
A D.
A O.
A J.
A J.
A J
A O.
A J.

agreement being carried out, stipulates that the present subscription

snail be reduced from $16,500,000 to less than $6,000.0u0. Of the
latter amount about $0,000,009 will be required to finish and equip
its road to the Colorado River, and t lie balance to bull its central
division.from Vinita to Albuquerque. The land grant claimed under
the old Atlantic A Pacific grant is 25,600 acres per mile in Terri¬
tories and 12.800 acres in States, and on completion of tlie first 50
miles, October, 1880. the U. S. Attorney General held the company was
•entitled to lands on that section. (V. 32. p. 182, 676; V. 33, p. 99, 356,
,15/, 46/, 621; V. 34, p. 60. 113, 175, 263.)
Atlantic d St. Lawrence.—June 30, 1881, owned from Portland, Me., to
Island Pond, Vt., 149*2 miles, there connecting with Grand Trunk of
Canada, to which leased for 999 years, August 5, 1853, at a rental
equal to 6 percent on stock and bond interest. Capital,$5,484,000,
of which $27,000 is in U. S. currency. The bonds to City of Port-laud
are now

provided for by accammulatioiis of sinking fund.

Augusta d Savannah.—Sept. I, 1881, owned from Millen to Augusta,

Ga., 53 miles.

Chartered as Rurke County iu 1838 and opened in 1854.
Leased lo.Central of Georgia for $73,000 per anuuni.
Has no bonded
debt. The capital ($1,022,900) represents its cost. Dividends of 3J2 per
cciit are paid June and Dec. each year. Has a considerable surplus fund.
Paid
to

Eagle Valley.—December 3f), 18^0, owned from Vail Station, Pa.,
Lockhaven.Pa., 51 miles; branch, Milesburg, Pa., to Rcllefontc, Pa ,




(

July 1, 1910
Oct.

1, 1910
1891
1901 »
Mar. 15,1882
Nov. 1.

1889

Oct.

1, 1884

May

1, 1891
2, 1S81

D. c.

1,'

Jan.
Nov.

1910
1. 1881

Man., 1882
1865
1895
1890

London.

London, Speyer Bros.
Baltimore, Office.
Lon.. J. S. Morgan A Co.
Balt. AN.Y..D. M A Co.

do

do
Balt,

or

London

or

N.Y.

I’hila., Penn. RR. Co.
Baltimore.

'

Mch. 1, 1902
1910
1882-1900
Juue 1, 1927

April 1,1919

Balt., Balt. A 0. RR. Co.

1885

July 1, 1888
July 1, 1911
April 1, 1911
Jan.

1, 1915

3 miles; total operated. 54 miles.
Opened December 7, 1864, and
leased to
Pennsylvania Railroad Company for 99 years.
The
branch is the joint property of the lessors and lessees. Rental, 40 per
cent of gross earnings. Interest, $24,000, and dividends (January and
July, each 2*2 per cent), $27,500. In July, 1881,4 per et. div. was paid.
Stock, $550,000. The gen. mort., dated Jan. 1, 1880, was provided for

of the two series of bonds.
In January, 1881, pur¬
chased the Bellefontc A “Snow Shoe road for $300,000, as reported.

the replacement

-(V. 32, p. 99, 396.)
Baltimore d

Ohio.—September 30.1881, mileage was as foTows:

Miles.
Balt, to Wheeling (main)
370
Brandies—To Locust Point
5
Camden cut-olf
2
Junction to Frederick City.
3
Pt. of Rocks to Washington
43
..

3

Bridges

Total owned
435
Branches leasedHyattsville to Shepherd, Md. * 13
Winchester to Harper’s Ferry
32
Winchester to Strasburg
19

548

Relay House to Washington..
An

Miles.
Grafton to Parkersb’g, W.Va. 104

Wheeling to Washington, Pa.
Pittsburg to Cumberland;Md.

32
150

Berlin Branch RR
Mineral Point to Johnstown..
Weaverthi tu Hagerstown,Md

46

Harrisonburg to Staunton.
Broadford to Mt. Pleasant,Pa.
Connellsville to Uniont’n, Pa.
Bellaire to Columbus, 0
Sandusky to Newark, O
Newark, O., to Shawnee, O...
Chicago Junction, O., to Illi¬
nois Junction, Ill
...

113

Congress of July 27. 1866, requires, and agrees to pay to the Atlantic A
Pacific 25 per cent of its gross earnings on through business, which is
to be applied to the payment of interest on the Atlantic & Pacific bonds,
the same as the Atchison Topeka A Santa Fe and the St Loui i A San
Francisco companies. The Atlantic A Pacific, in consideration of this

1910

April 1,1897
Jan. 1, 1907
April 1 1900
Full 1 ’ 1 BQ‘>

Baltimore, Office.

Total branches leased
Total B.AO. main and brclies.
Leased, controlled and op¬
erated—

equally, ai
30 years for those two companies.
In January, 1882, most of t ie St.
Louis & San FraneiscoJCompany’s stock passed into control of Jay Gould
•and G. P. Huntington, and the new arrangement made stipulated that
the Atlantic A Pacific road is to be completed during 1882 to the Color¬
ado River. The Southern Pacific will build east to meet it. as the act of

1907

July 1, 1907
April 1. 1909

London.

The line forms the Southwestern

Atlantic d Pacific.—Road completed from Albuquerque, on Atchison
Top. A Santa Fe, about 300 miles, to the close of 1881, and in pro gress
to Rig Colorado River. The company was building a Pacific line, of about
600 miles, in connection with the Atch. Top. A Santa Fe and the St. L. A
San Frau., which companies guarantee 25 per cent of the gross earnings
over their respective lines to and from this road, one year after its com¬
pletion, provided its own earnings are insufficient to pay coupons. The
bonds were sold, with a bonus of $750 in income bonds for eaen $1,000
first mortgage. The 1st mort. cou. bonds arc $1,000 each and reg. bonds

Dividend.

Baltimore Office.

49

Atlanta d West Point.—June 30. 1881, owned from East Point, Ga., to
West Point, Ga., 81 miles; leased, 6*2 miles; total operated, 87 ^ miles.
In April, 1881, a controlling interest in the stock was purchased by W.
M. Wadley and others for the Central Georgia, and a stock dividend of
100 per cent was afterward declared in debenture certificates. Gross
earnings in 1879-80, $368,130; net, $153,319; in 1880-81. gross, $113,054; net, $107,634. (V. 32, p. 444, 635; V. 33, p. 224.)

Slocks—Last

4

Strasburg to Harrisonburg...

(under control of the Richmond A Danville Railroad), extending from
Richmond, Va., to Atlanta, Ga., 550 miles. Capital stock $1,700,000.
Total receipts in 1880, $951,688; expenses, $587,550; net, $364,137.
Interest, Ac., $337,700. Surplus, $26,437. Two per cent paid on incomes,
April, 1881. (V. 32, p. 443 ; V. 33, p. 687.)

pal,When Due.

Payable, and by

....

d g-

5,000,000

Where

poration February 27, 1877, and possession was taken April 16, 1877.
On Maicli 26, 1881, the road was leased to the Richmond A Danville.
Division of the Piedmont Air-Line

Bonds—Prinei-

A. A 0. Boston, Everett N. Bk.
A. A O. Boston, Bk. of No. Am.
A. & O.
Boston.
do
A. & O.
New York, Office.
J. A. J. N.YL Central Trust Co.
A. A O.
J. A J. Atlanta, Ga., atTreas’y.

g.
g.
g.
g.

6

366,000

4.751,020
Land grant estimated to be 2,932,784 acres, of which 1,058,758 acres
were sold to January 1, 1882;
in 1881, 50,033 acres were sold, for
$261,544, or $5 22 per acre, and dead sales of 7,706 acres for $51,194
were canceled.
(V. 32, p. 43,99,182, 420, 431, 442; V. 33, p. 23,
357, 411, 502; V. 34, p. 31, 113, 175, 243, 315, 4 57, 461.)
.

'

140,000

734,527
1,727,195

1,311,579

7
7
7
7
7
7
6
6

1,710,000
2.602,220

836,772
795,446
691,311

45,799
56,390
631,620

Miscellaneous

1,000
1,000

1380.

Sinking funds

Sundry debits

Pay’ble

4,425,000
500,000
500,000
4,250,000
750,000
4,232,200
1,232,200
10J)00,000
7,500,000
1,189,905
795,000
5,484,000
787,000
1,499,916
712,932
1,022,900
400,000
14,792,566

1853

...

..

Cent.

310,000

1,000
1,000

When

$120,000

...

discovered in tliese Tables.

Rate per

'579,500

.

..

$500
1,000

£ 100

....

150
53

Sterling mortgage, sinking fund
Sterling mortgage, sinking fund
Purchase of Conuellsv. RR (payable $40,OOOy’ly)
Loan, ster., (s. f. £7,500) lien on Chic, line bonds
Bonds on Parkersburg Branch
Northwestern Virginia, 3d mortgage, 1855-85
Bonds to State of Maryland
Baltimore d Potomac—1st M (tunnel) gold, 8. f. 1 p. c.
1st mort., road, gold, coupon, s. f. 1 per cent
1879.
$

1881
1880
1880
1871

150

Baltimore d Ohio—Stock
Preferred stock
Loan due in 1880, extended
Doan.1853
do
1870,sterling, £800,000, sink, fund
Baltimore loan, 1855-’90, sink, fund

1973.
$
401,267

Amount

100

....

150

Augusta d Savannah—Stock
Bald Eagle Talley—Gen’l mort.,(s. f. $4,000 per yr.>

2d mortgage, income, road and tunnel, reg

Outstanding

1877
1877
1878
1880
1877
1877
1880

[Vol. XXXIV.

INTEREST OR DIVIDENDS.

Date Size, or
of
par
Bonds Value.

87

Atlanta d West Point Stncg
Debenture certificates for dividend

Disbursements—
Rentals paid.
Interest on debt

BONDS.

AND

great favor by giving immediate notice of any error

DESCRIPTION.
For

STOCKS

RAILROAD

XVI

abstract of the last annual

9

24
26
10
13
137

116
44

263

Total leased and controlled ..1,005
Tot. operated Sep. 30,1881.1,553

31
report is given in the Chronicle, Vol.

33, p. 586, and the following extracts are quoted therefrom.
The
profit and loss account showed an increase for the year of $1,697,038,
against $2,356,984 in 1879-80. It will be seen by this account that the
nominal surplus fund, which represents invested capital derived from
net earnings, and which is not represented by either stock or bonds,
amounts to $42,258,680.
The gross and net earnings of the main stem and its branches and of
the other divisions, for the last fiscal year, as compared with 1879-80,
were as

follows:

•

-

,—Earnings, 1879-80.—■> ,—Earnings,
Gross.
Net.
Gross.

1880-81.—s

$11,229,SS0 $5,172,980 $11,122,259
Washington Branch...
314,405
246,496
353,570
712,158
371,829
860,160
Parkersburg Branch
1,006,025
311,454
Central Ohio Division.
1,003,565

$4,846,615
193,533

Main Stem, Ac

Net.

72,422
228,267
112,373
453,069

..

847,221
Chicago Division
1,548,994
Pittsburg Division
2,238,481
Wheeling Pittsb. & B.50,3S0
Newark S. & S. RR....
224,649
Lake Erie Division

208,853
566,673
1,011,827
8,594
88,259

899.791

1,638.601
2,500.548
53,557
177,304

1,124,473
1,094
41,548

$7,073,398
all branches
being
hundred and fifty

$18,317,740 $7,986,970 $18,463,877

Total

The aggregate working expenses of the Main Stem, with
and divisions, were 61-69 per cent of the whole gross revenue,
5*30 per cent more than the preceding year.
Eight
miles of track of the Main Stem and branches east of the Ohio River are
now laid with steel rails. • The Increased cost of steel thus continuously
substituted for iron rails has been charged to the repair account as uni¬

formly heretofore.
The report had the following remarks: “The needlessly low and unremunerative rates uuder which a large amount of traffic lias been trans¬
ported by the trunk lmes lias materially reduced the net resulis ox tne
past year as compared with those of the precedi ng years. Tho increase
in rhe surplus filial for the year ended 30tli Sept, 1880, was $2,3do,9-84, while for 18S1 it has been $1,697,033, thus showing a comparative
decrease of net results, with a largely increased business, of $6oJ,J4o.
Dividends for 5 years, 1872-77, 10 per cent; for 1877-78, 7^ per cent,
for 1878-79. 8 percent; for 1879-80, 9 per cent; for 1880-81,10 per
c«mt.
The three dividends from May, 1878, to May, 1879, mclusne.
were paid in stock.
Results of operating all lines owned and coutroiieu
,

for the five years 1876-81 :
Gross Earnings.
Years.

Operating Expenses.

$13,208,860
13,765,279
14,193.980

1.878-79

-

13,317,740
18,463,877

-

$8,226,050=6228 p. c
7,769,301 = 56-44 “
7,691,595=54-18 “
10.330,770=56-39 “
11,390, 479=61-69 “

Net

Earnings.

$4,982,805
5,995,973
6.502,385
7.986.970
7,073.398

Baltimore d Potomac.—Dcc.31. 1831, owned from Baltimore.
Bowie, Md., 24 miles; Bowie to Pope’s Creek, 49 mi’es: branch

MjM®
-o»

RAILROAD

1883.]

APRIL,

DESCRIPTION.

of column

headings, Ac., sec notes

first page of

tables.

Miles
of

Road.
56
64
64
64
67
59
22

sink’gfund, guar
1877, extended, guar.
2d mortgage bonds of 1854 (guar, by C. & A.)
3d mortgage bonds of 1857 (
do do )
Consol, mortgage of 1876

Belleville<6

South. III.- 1st M.,

nJlvidereDel.- 1st mort. due
Bennington <t

Rutland 1st mortgage

Berkshire—Stock.
Boston d Albany—Stock

324

registered.
Loan of 1875, coupon or registered.
Boston Barre d Gardner.- 1st & 2d mortgages
Plain bonds, coupon or
'-wl morttrairo

Bos'.

Clm d

•

38*2
....

151
151
29
43
58

•

Branch
'

Equipment notes
Bonds, guar, by lease to Old Colony

•

Concord d Montreal—Old preferred stock...
and new pf. stock (new pf. stock is $510,400)
Sinking fund bonds
Consolidated mortgage bonds (for$2,000,000)....
Improvement mortgage bonds
Bast lloosac Tunnel d West.—Stock(for $10,000,000)
Boston
Com.

1st mortgage, gold ($25,000 per
Boston d Lowell—Stock

-

.

....

Fitchb. d N. B— Stock, common

Stock, preferred
1st mortgage, Agricultural
Mortgage bonds 1869-70
Bonds

1876-90.

•

(convertible into stock)

•

•

•

120
166

160
166
57

82
....

....

Bonds

Bonds
Lowell A Lawrence
Salem & Lowell
Boston d Marne—Stock

-

....

....

....

204

Bouds, coupon and registered

Size,

1866
1877
1854
1857

$1,000
1,000

1816

1,000
1,000

1877

or

....

1872

1875

1881
....

....

100 Ac.

....

....

1,000
500

....

1872
1875
1876
1879

....

....

....

•

....

....

....

1873-4

•

•

-

1873, and leased Oct. 1,1866,to St. L. Alton & Terre Haute Railroad Co.

Leaso rental 40 per cent of gross earnings up to $7,000 per mile; 30
per cent above $7,000 and up to $14,000 per mile, and 20 per cent ou
Rental for 1879, $116,490; for 1880,
any excess of $14,000per mile.
$147,344. Interest on bonds and sinking fund $5,000 per year, guar¬

Common stock, $430,000; preferred 8 per cent stock,
$1,275,000, non cumulative. Dividends on preferred stock have been :
4*3 in 1881; 4*s in 1880; $1 05 in 1879; 62c. in 1878; 68c. in 1877; 65c.
iu41876; $1 80 in 1875; $1 in 1873. Operated in connection with the
Belleville Branch of St. Louis Alton A Terre Haute Railroad, and ex¬
tended from Duquoin to El Dorado, 50 miles, by the Belleville & El
Dorado Railroad Co. Except on coal and ore, contributes business of
Belleville A El Dorado Co. 30 per cent.
anteed by lessees.

Beloidere Delaware.—Dec. 31, 1881. owned from Trenton, N. J., to
Manunka Chunk, N. J., 67 miles; Millham Cut-off, 1 mile, Flemington

Railroad, 12 miles; total operated, 80 miles. Chartered March 2, 1853,
and opened Nov. 3,1865. Leased to United Companies, and transferred
to Pennsylvania Railroad March 7, 1876, by which operated as their
Belvidere Division. Rental, all surplus earnings; but the first, second

Capital stock, $994,050.

Bennington d Rutland.—December 31, 1881, owned from Rutland
to Bennington, Yt„ 57 miles;
branch, North Bennington to New
York State Line, 2 miles; total, 59 miles.
Chartered as Western
Vermont in 1845, and completed in 1854^ Leased in 1857 to Troy &
Boston for 10 years at $36,000 per annum. Consolidated iu Harlem
extension in 1870, and leased to Central Vermont in 1873, hut lease
abandoned by lessees. Since September 10, 1877, the Vermont division
(as above) operated by the re-organized Bennington A Rutland. Stock
$1,004,000 (par $100), and bonds $475,000; total, representing cost of
road ($25,068 per mile), $1,479,000. Interest liability, $32,250 a year.

Berkshire.—Sept. 30, 1881, owned from Conneeticut State Line to

West Stockbridge, Mass., 22 miles. Chartered in 1837, and road opened
in 1842. Leased in
perpetuity to Housatonic Railroad Company at 7
per cent ou capital stock and cost of road ($27,273 per mile), $600,000.
Lessors
pay taxes, &c., which reduced the dividends to less than 6 per
cent, and the quarterly dividend due iu October is usually omitted. Used
as the Housatonic’s main line in Massachusetts.
Boston d Albany.—Sept. 30, 1881, owned from Boston, Mass., to
Albany, N. Y., 202 miles; Springfield to Athol, 49 miles; numerous
;

total operated, 373 miles.

The B. A A. was formed (Dec., 1867)
by the consolidation of tho Boat.
& Worcester and the Western railroads. The report for the year 1880-81
says in regard to the traffic earnings: ‘‘It will be noticed that tho

receipts for freight have fallen off about $200,000, while the tonnage
has increased 283,000. The loss iu
receipts is partly owing to the'tierce
competition between the trunk lines for business between the seaboard
ana tho West, which has reduced the rate on
through traffic to a point
never before dreamed
of; but more to a general reduction of about onesixth in the local tariff, which went into effect January
1.” Results of
operations for live years were as follows:

Passenger
Miles.
Mileage.
322 103,278,126
322 101,221,955
324
373

101,248,321
113,154.374

Freight (ton)

Gross

Receipts.*
Receipts.
Mileage.
313,822,671 $0,780,597 $2,167,831
329,708,573
325,484,799

6,633,534
6,427,463
7,741,118
7,875,285

375,452,804
135,421,102 417,108,612
Net receipts include income from rents, &c.
-(V. 33, p. 224, 467, 561, 714.)

1380-1.. 373

Net

2,219,536
2,703,638
2,492,618
2,186,873

Div.
p.

ct.
8
8
8
8
8

*

*

Boston Barre d Gardner.—
Sept. 30, 1881, owned from Worcester to
on’ Mass., 37 miles. Chartered in 1847, and road completed
“1 iV**. Leased Monadnock RR. for 99 years from October 1,1874,
lease transferred to Cheshire RR. in June, 1880.
Interest has
eeen reduced to 5
per cent. Interest liability at 5 per cent, $27,715.
receipts in 1879-80, $183,866; net, $40,454; in 1880-81, gross,
$174,688 ; not, $18,377. (V. 32, p. 444 ; V. 33, p. 200.)

Vinton Fitchburg d New Bedford.—Sept. 30, 1831, owned from
ritchburg, Mass.,to New Bedford, Mass., 91 miles; branches, 34 miles;




A O.
A D.

A S.

N.

Yl, 39 Wall street.

118876--90.

620,000
200,000

226,900
7,000,000
3,500,000

Nov.

Worcester, City Nat. Bk.
do

do

do

J. A J.
A. A O.
J. A J.

do

Boston, Boston N. Bank
do

do

do
do

do
do

April 15,1882
April 15, 1882
July 1, 1884
1889 &’90

July 1, 1894
1882, *83, ’85

Boston, N. E. Trust Co. Jan. 1, 1910
Nov. 15, 1881
Boston, Office.
Boston, Office.
do

1889
1893
1911

do
do

do

J.
0.
S.
J.
J.
O.
O.
N.
J.

A
A
A
A
A
A
A
A
A

1, 1892
July 1. 1895
April 1. 1893
1895

New York and London.

g.*
J.
A.
M.
J.
J.
A.
A.
M.
J.

1, 1907

Feb.

Boston, Office.
J. A J.
J. A J.
J. A D.
Various
J. A J.
M. A N.

6
2
7
7
6
5
6
6
4
7

1885
1887
Jan. 1, 1916

do
do

A J.

J.

6
6 A 7
6

202,000

Oot. 1, 1896
1902

Philadelphia, Pa. RR.
Philadelphia.
Philadelphia, Pa. RR.

Stockbridge, Treasurer. April 1, 1882
Mar. 31, 1882
Boston, Office.

Q.-J.

7

1,905,500
500,000

Stocks—Last
Dividend.

A A.
A J. Treasurer, Trenton,N.J.
A N.
N.Y., Union Trust Co.

7
6
5
3

552,000
400,000
650,000
1,615,000
800,000
1,000,000

(?)
3,940,000
999,500
500,000

100
500 Ac.

Pay'able

F. A A.
J. & J.
A.. A O.

3 50
6

pal,When Due.

Whom.

$1 50

750,000

....

Belleville d Southern Illinois.—Dec. 31, 1881, owned from Belleville*
111., to Duquoin, Ill., 56 miles. Chartered Feb. 15,1857; opened Dec. 15*

branches, 48 miles; leased lines, 74 miles

1875-690

1858
1873
1881

....

Bonds—Princi¬

Where Payable, and by

Q.-J.

2
7
6
5
6

400,000

100
100
100 Ac.'
200 Ac.
500

....

1H

1,750,000

....

Pennsylvania Railroad and Northern Central Railroad Companies. Capi¬
tal stock, $3,553,250, funded debt, $6,500,000, and other liabilities and
accounts, $302,559; total, Dec. 31,1881, $10,355,809. Road and equip¬
ment, $9,099,295; materials and cash assets, $149,896 ; profit and loss,
$1,106,617. Gross earnings in 1880, $790,147; expenses, $632,663;
profits, $157,484; interest, $272,312 ; deficit, $114,858. Gross in 1881,
$966,432; expenses. $810,923; profits, $125,508; interest, $272,318;
deficit, $146,809. Income bonds wholly held by Penn. RR. Co.

Years.

xvii

When

A.
J.
M.
F.
J.
M.

1,309,500

....

1,000
1,000

475,000
600,000
20,000,000
5,000,000
2,000,000
554,000
100,000

....

1861
100 Ac.
’69-’70 500 Ac.
1874
1,000

1880

'

1,200.000

1,000

....

8
6
6
6
7
7

745,000

1,000

opened in summer of 1873. The road is controlled by
Railroad Co., and first mortgage bonds guaranteed by

guaranteed.

$1,059,000
1,000,000
499,500

100
100

....

Rate per
Cent.

Outstanding

500
500

Washington, I>. C., 17 miles; total operated, 90 miles. Chartered in
1853; road opened to Washington in 1872 and to Pope’s Creek in 1873.

are

Amount

Par
Value.

To

and third bonds

BONDS.

INTEREST OR DIVIDENDS.

Date
of
Bonds

1881

....

mile)

Bonds
Bouds

Baltimore Tunnel
tiie Pennsylvania

AND

confer a great favor by giving immediate notice of any error discovered In these Tables.

Subscribers will

vnv explanation
11
on

STOCKS

Boston, at Office.
do
do
do
do
do
do

do
do
do
do
do

April 1, 1892
Marcb 1,1895
July 1, 1896

July 1, 1899
Oct. 1, 1897

do

Oct. 1, 1S98
Nov, 15, 1881

Boston, at Office.
do

1911
Jan. 2, 1882

do

Jan., 1893&91

leased, Framingham A Lowell RR., 26 miles; total operated, 151 miles.
Consolidation (June 1, 1876) of the B.C. A F. and theN.B. railroads, both
of which had been consolidations of other original lines. The Framing¬
ham & Lowell is leased for 998 years and 4 months from October, 1879.
The whole property was leased (Feb. 1, 1879) to the Old Colony Railroad
Co. for 999 years, the lessees agreeing to pay as rental 1023 per cent of
the gross earnings of the consolidated roads. The rental and other
incoma for the year ending Sept. 30, 18SI, was $401,498, which loft,
after
paying all charges, a surplus of $110,597 applicable .to dividends.
The preferred stock takes 7 per cent per annum first, and after 7 on tho
common, it is not certain as to the division of any surplus.

30,1881, owned from Concord,
River, N. H., 94 miles; brandies—Wells River, N. H., to
Groveton Junction, 51 miles; Wing Road to Mt. Washington, 22 miles;
total operated, 167 miles. Chartered in 1844 and road opened in 1853.
Purchased White Mountain Railroad (53 miles) in 1872, and bnilt tho
Mt. Washington Branch (20 miles) in 1874. An extension of the White
Boston Concord d Montreal.—March

N. II., tc Wells

Mountain Railroad from Littleton to Groveton Junction is
Fiscal year ends March 31.
Years.

Gross

Miles.

Expenses,

Earnings.
$693,355
649,308
654,272
590,550

160
167
167
167

„

Taxes, Ac.

.

$511,343

mortgaged.

.

Available
Revenue.

$182,012

181,931
457,377
453,172
201,100
388,932
201,618
ld7
200,871
678,123
477,251
167
586,172
79-7,556
211,383
The old preferred stock ($800,000) has received 3 per cent semi-annually,
amounting to $48,000 a year. Neither the new preferred nor the com¬
mon stock has paid dividends.
(V 32, p. 334, 444, 635 ; V. 33, p. 384.)
Boston Hoosao Tunnel d Western.—Sept. 30, 1881, owned from Mas¬
sachusetts State Line to Schenectady, N. Y., 57 miles. Projected line,
Hoosac Tunnel, Mass., to Buffalo, N. Y. The Continental Construction
Co stopped and new plans were made by General Burt for the work.
Suits were begun by opposing interests, and at Albany, March 8,1882,
the hearing before the Attorney-General in the application to annul the
charter of the Boston Hoosac Tunnel & Western Railroad Company
took place, and the Attorney-General decided that the suit must
Iu Boston it was said that the contractors for the proposed extension of
the Boston Hoosac Tunnel & Western Railway were Messrs. Bowen &

be tried.

Woodward, of Sherbrook and Quebec, and iu connection with them
Reed, Bowen & Co., of London. Eng. See references below. (V. 32, p.
69, 500, 611, 635; Y. 33, p. 384, 467, 716 ; V. 34, p. 60, 85, 114, 175,
203, 290, 407.)
Boston d Lowell.—Sept. 30.1880, owned from Boston
aud steel), 27 miles; branches—Salem & Lowell, 17

to Lowell (double

miles; Lowell &

Lawrence, 12 miles; others, 19 miles; leased, Middlesex Central and
branch, 12 miles; total operated, 87 miles. Chartered in 1830, and line
between Boston & Lowell opened in 1835. Iu August, 1881, a contract
for joint running arrangement was made with the Concord Railroad, on

basis of 40 per cent of net earnings to Concord and 60 per cent te
Boston A Lowell.
The Lowell A Lawrence
and Salem A Lowell
Railroads, operated for some years under lease, wero purchased and
consolidated in 1879, the Boston A Lowell assuming tneir bonds,
which cannot be paid off before maturity. A joint business was formerly
done between the Boston A Lowell and the Nashua & Lowell, but from
December. 1878, they' were under separate managements until the B. &
Lowell leased the N. A L. for 99 yrears from Oct. 1, 1880, but the lease
was held invalid.
Tho B. A L. has made a contract with the Mass. Cen¬
tral to operate the latter road when completed.
Net
Gross
Payments
Rentals. Iut. A niiso. Div.,p.c
Years.
Receipts.
Receipts.
....

,

$1,081,066

$319,528

$94,718

1.198,962

392,580

1.399,316
1.872,656

422.698

67,593
4,292

-(V. 32, p. 39, 43; V. 33,
Boston d

$116,349

161,890
259,318

2
3
4

133,690
298,057
225, 254, 357; V. 34, p. 85, 315.)
584,269

p.

Main*—Sept. 30,1881, owned from Boston, Mass., to Portland,

Me., 115 miles; branches, 11 miles; leased—Wakefield to Danvers, 10
miles; Lowell to Ballardville, 10 miles: Bradford to Newbury port and
Danvers, 27 miles; West Amesbury to Newton, Mass., 4 miles; Dover,
N. H., to Alton Bay, N. H., 29 miles; total operated, 206 miles, less 3
miles leased. Main line one-third double track and all steel rail. Char¬
tered in 1839, and road completed to South Berwick in 1845 and to
Portland iu 1873.
Net
Outside Av’iPble Div.
Gross
Expenses
Years.

Earnings.

A Taxes.

Earnings. Receipts. Revenue, p.c.

$2,173,202 ’ $1,518,854 $654,348
2 100,741

2,149,857
2.438,270
2,601,215

1,359,367
1,354,755
1,511,018
1,749,856

—(V. 32, p. 15; V.33, p. 641.)

741,317
795,102
927,252
851,359

$93,817 $748,165 5
83,717
825,091 6
88,964
884,066 6
94,382 1,021,634 ’7 Hi
86,300
937,659 8

KAILROAD

XV11I

Subscribers will confer

a

Miles

explanation of column headings, Ac.,
on tirst page of tables.

see

notes

of

Date
of

-

Size,

$100

1st mortgage
Boston dt Providence—Stock

187-90

100

58
64

Bends to purchase branches, coupon or registered
Brooklyn Elevated —1st mort., gold
Receivers’ certiflc’s, payable m cash or 1st M. bds.
Income bonds

Brooklyn dt Montauk—Stock ($1,100,000 is pref.)

®

m

1,000

®

m

®

m

o

m

:
ac.

—

I’d)

Buffalo New York dt Erie—Stock
first mortgage
Buffalo N. I. dt Philadelphia— 1st mort., gold

m

m

«

•

1867

1,000
•

•

•

Consol, 1st mortgage, gold
Buffalo fittsburg dt Western—Common stock
deferred stock (6 per cent. Not cumulative)
Mortgage bonds (for $7,500,000), coup
1st mortgage (W. A F. RR.)
1st mortgage (Oil Creek RR.) renewed 1882
1st mortgage (Un. & Titusville RR.)
2d mortgage (Pitts. T. & B.)
Buffalo dt Southwestern—Stock (one-half of it pref.)
1st mortgage bonds, gold
Burlington C. Rapids dt Northern—Stock

1st mortgage
Iowa City & Western, 1st mortgage, gold, guar..
Cedar Rap. I. Falls A N. W., 1st mort., gold, guar.
Cairo dt St. Louis— 1st M., income (not cumulative)

California Pacific— 1st mortgage, gold
2d mortgage, endorsed by Central Pacific
3d mort., guar, by C. P. ($1,000,000 are 3

p.

c.)

.

California Southern— 1st mort. ($25,000 per mile)

•

•

•

a

J.

50
50

1,000

1862

25
120
67
67

1870
1876

•

.

•

369
73
55
144
114
114

114
....

®

®

1876
1879
1880
1881
1867
1871
1875
1882

F. & A.
6 g-

825,000
2,600,000
2,250,000
1,600,000
3,000,000
2,838,000

1,000

1,000
1,000
500

1,000

I.

Pliila., Mauufrs’ N. Bk.

A D. N.

Y., First Nat. Bank.

J. AD. N. Y.. Central Trust Co.
do
M. & S.
do
do
A. A O.
do
A. A O. New York or London.
N. Y., Fisk A Hatch. !
J. & J.
J. A J. N. Y., Nat’l Park Bank.
J. & J. N. Y., Cent. Pacific RR.
J. A J.
Boston.

411, 559.)

Providence—Sept. 30, 1881, owned from Boston, Mass., to

Providence, R. I., 44 miles; branches, 20 miles; leased, Attleborough to
North Attleborough. 4 miles; total operated, 68 miles.
Chartered
in 1831, and road opened in 1835. The company have valuable depot

properties in Boston.
Years.

Divi-

Gross

Net Traffic

Other

Earnings.
$1,158,643

Earnings.

Receipts.

$375,947

$19,595

dends.
6^

‘ 1,304,520
355,748
19,395
8
1,400,145
19,167
347,523
8
Lease rental paid in the years consecutively was $11,308, $10,956,
$10,917, $11,560 and $11,605.
Notes outstanding September, 1881,

$360,000, due in 1882-3-4-6.
Brooklyn Elevated

—

(V. 33, p. 561.)

In progress.

Receivers

were

appointed October,

1880, and a compromise effected February, 1881, by which reorganiza-

tion was made and stock and bond scrip were assessed. There were
outstanding at that time $1,069,000 1st mort. bonds and $217,700 bond
scrip; $1,852,880 engraved stock and $1,497,683 scrip stock.
All were
assessed 20 per cent and Receiver’s certificates and income bonds issued
for the assessments in certain proportions. Capital stock of new com¬
pany was $4,Ooo,000 authorized. There was some failure in the plan,
and other arrangements were made in March, 1882. See full statement
in Chronicle, V. 32, p. 551.
(V. 32, p. 205, 230, 265, 396, 468, 551; V.
33, p. 441; V. 34, p. 203, 290.)

Brooklyn dt Montauk— (Southern of L. I.)—Bushwickto Patchogue, L.I.,

52 miles; branches to Fresh Pond Junction, 2 miles; to Rockaway, 10

mile6f total, 64 miles.

Extension to Moriches, 15 miles, ready July,

This was first the South Side Railroad of Long Island, which
was foreclosed Sept. 16, 1874, and reorganized as the Southern of Long
Island. On June 3, 1879, the property was again sold in foreclosure of
the second mortgage, and this company organized. The preferred stock
has a preference or 7 per cent, not cumulative. It is leased to the Long
Island Railroad for 50 years at 25 per cent of the net earnings of the
whole Long Island RR. system, including its leased lines. The new
mortgage for $1,000,000 is to take up the first and balance issued for
extension to Moriches; it. is guaranteed by L. I. RR. as to interest, on
$750,000 and both principal and interest on the $250,000. (V. 32, p.
1881.

526.)

Buffalo Bradford dt Pittsburg—Sept. 30,1880, owned from Carrollton,

N. Y. to Gilesville, Pa., 26 miles. Completed in 1866, and leased to New
York Lake Erie A Western for 499 years. Rental, 7 per cent on out¬

standing bonds, $40,600
a

a year. Capital stock, $2,286,000.
dividend of 1 per cent was paid.

In March,

Buffalo Neio York dt Erie.—October 1,1881, owned from Buffalo, N.Y.,

to Corning, N. Y., 140 miles. A third rail for standard gauge rolling
stock has neen laid down. Leased in 1863 to the New York 6c Erie for
490 years, and now operated by the New York Lake Erie & Western
Co. Rental, $238,100—viz., 7 per cent on stock and bonds and $5,000
for organization expense. Dividends and interest paid directly by the
lessees. Capital stock, $950,000, and funded debt, $2,380,000. Total,

representing cost of road, $3,330,000.

Buffalo New Yorkdt Philadelphia.—Sept. 30, 1881, owned from Buffalo,

N. Y., to Emporium, Pa., 121 miles.

At Emporium connects with Phila¬
delphia & Erie. In April, 1880, the stock was sold to a syndicate. See
V. 32, p. 444. In 1881 purchased the McKean A Buffalo Road, 22 miles,
having.$388#200 stock. The consol, niortg. is for $11,000,000, of which
$4,000,000 is reserved for prior liens, ana it covers 205 miles of new
road and the old 121 miles, Capital stock, $3,500,000 common, and

90.)
f3,500,000 preferred. (V. 32, p. 444; V. 33, p. 641, 686; V. 34, p. 263,

Buffalo Pittsburg dt West.—San., 1881, owned from Salamanca, N. Y.,

to Ou

City, Pa., 100 m.; branch to Bradford, Pa., 20 m.; Oil City, Pa., to
Buffalo, N. Y., 140 m.; Union A Titusville Branch, 25 m ; and Titusville
6c 011 City Railway, 9 miles; total length, 294 miles. This was a consoli¬
dation, Jan. 20,1881, of the Pittsburg Titusville A Buffalo Railway and
other roads.
The annual report in V. 34, p. 202, says: “ When these-roads shall all
have been completed, you will have a line from Oil City to Buffalo of
about 138 miles, and the line from Chicago Junction, via the Valley of
the Allegheny, to Salamanca, 300 miles, and from tnence, if it should
prove necessary, owing to our inability to make satisfactory terms with

the New York Lake Erie & Western Railway




Company to extend the

1/

1882

Apr.297i.882

July 1, 1893
Sept. 1, 1917

Mar. 1, 1887

*1,’ 1896
}>ec. 1, 1881

Jan.

Dec. 1, 191$
July 1, 1896
1908
1922

April 1,
Feb. 1,
Apr. 1,
July 1,
Feb. 1,

1921
1896

1912
1890

1896

July 1, 190$
June

i.

1906

Sept. 1, 1909

Oct. 1. 1920
1921
Jan. 1, 1887
Jan. 1, 1891

July, 1905

Jan.

1, 1922

line to Olean, at tlie

junction of the New York Lake Erie & Western
Railway, Allegheny Central Railway, Olean Bradford A Warren Rail¬
way, and the Buffalo New York & Philadelphia Railway, a further dis¬
tance of 20 miles, making in all 320 miles from Chicago Junction to
Oleau.” * * *
“At the close of the fiscal year your company

earnings of all lines operated, out of which its operating expenses following securities:

Boston dt

|t

New York Agency.

A. A O. Pliila., Manuf’rs’ N. Bk,
J. & J. Pliila., E.W.Clarke A Co.

584,000

1,000
1,C00

paid. By arbitration in 1880 the percentage was reduced to 5 per
cent for five years. There are also $232,500 N. n. M. & W. RR. bonds,
convertible into stock. Net earnings, $156,872. (V.32, p. 635; V. 33,

„

943,800
1,500,000
5,500,000
6,500,000

100
100 Ac.

are

1880,

& J.

A. & O.
New York, Agency.
F. A A. Pliila., E.W.Clarke & Co.

500,000
944,000

1,000

Boston dt New York Air-Line — April 30,1881, owned from New Haven,
Conn., to Willimantie, Conn., 50 miles; leased Turnerville to Colchester,
4 miles; total operated, 54 miles. Formerly the New Haven Middletown A Willimantie. In 1879 a pooling agreement (for 99 years and 8
months from Feb. 1,1879) was made with the N. Y. New Haven & Hart¬
ford RR., under which the B. A N. Y. A.-L. received 6 per cent of the

t.

'

...

©

Q.-M. Buffalo, F.A M. Nat. Bk,

1,457,000
3,568,000
1,500,000
m

500 Ac.
100 Ac.

•

Stocks—Last
Dividend.

8,650,000

38

...

S. N. Y., Gallatin Nat. B’k

1,000,000
7,000,000

1,000
1,000

1877

do
do
New York.

3,000,000

'

...

Boston, at Office,

2,380,000

1,000

pal,When Due.

Mar.

1,000

'

Bonds—Princi

N. Y., Hatch & Foote.

500 Ac.
500 i&c.

•

1881
1865

Whom.

J. A J. New York, Erie Office.
J. 6c D.
N. Y., Erie Railway,
do
J. & D.
do
J. & J. N.Y., Post, Martin&Co.

•

1876
1871
1878
1882

Payable, and by

100

8781
1
2d mortgage

m

M. &

Where

750,000
250,000
60,000
580,000
950,000

....

1,000
m

.—Mar
& A.
M. & N.
J. & J.
M. & 8.

1,150,723
1,456,000
344,584
2,000,000

100
500 Ac.

1881

‘*26
142
140
121
121
205
294'
294
274
50

Payable

500,000

....

1881
1881
.

Cent.

4,000,000

m

1873
1879

a

54
69

Buff.Braa.dk Pitts— Gen.M.,(incl. 10,000

m

When

500.000

100

1880

..

South Side, 1st mortgage

,

[Yol. XXXIV.

Rate per

$818,000
2,767,500

....

New mort. (for $1,000,000)
Mortgage on Rockaway Branch

Amount

Road. Bonds Value. Outstanding

Stock, preferred

p.

BONDS.

INTEREST OR DIVIDENDS.
or

Par

Boston dt New York Air-Line—Common stock

grqss

AND

great favor by giving Immediate notice of any error discovered in tliese Tables.

DESCRIPTION.
For

STOCKS

B.
B.
B.
N.
N.
N.

P.
P.
P.
C.

A
&
6c
&

had in its treasury the

W. RR. common stock, 7,100 shares.
W. RK. preferred stock, 8,400 shares
W. RR. general mortgage bonds
O. C. RR. cominou stock, 3,000 shares

C. & 0.-0. RR. preferred stock, 9,000 shares
C. & O. C. RR. first mortgage bonds
Oil City 6c Ridgway Railway & Mining Company common
And owed the following:

$355,000
420,000
415,000
150,000
450,000
600,000
stock 300,000

“

Balance due on loan incurred to purchase New Castle
liu Railroad
Betterments of New Castle 6c Franklin Railroad

6c Frank$417,724
50,000
35,000
Floating debt of P. B. & W. RR Co
For the year 1881 the gross earnings were $598,968; net earnings,
$244,692; credit balance of interest account, $32,347; from which
deduct coupou8 paid, $264,040; leaving a balance of $13,000.
The preferred stock is entitled to 6 per cent, when earned, hut is
not cumulative. The 1st mortgage bonds of the several roads above
due respectively April. 1882, July, 1890, and February, 1896, were
offered an exchange for the new bonds due 1921, the option expiring
Aug. 31. 1881. ( V. 32, p. 16. 99,10L, 182, 367; V. 33, p. 40,467,559,
641; V. 34, p. 85, 202, 377, 459.)
Buffalo dt Southwestern.—Sept. 30, 1881, owned from Buffalo to James¬
town, N. Y., 67 miles. Formerly the Buffalo A Jamestown; reorganized
in 1877 after foreclosure. In July, 1880, leased to New York Lake
Erie 6c Western for 99 years—at 35 per cent of gross earnings, but
interest ou bonds guaranteed. Gross earnings in 1879-30, $349,441. (V.
33, p. 687; V. 34, p. 133.)
Burlington Cedar Rapids dt Northern.—Dec. 31, 1880, owned from
Burlington, Iowa, to Albert Lea, Minn, (including 11 miles leased), 252
miles; branches—Linn, la., to Postville, la., 94 miles; Muscatine, la ,to
Riverside, la., 31 miles; Vinton, la., to Holland, la., 43 miles; Elmira,
la., to Montezuma, 83 miles;*leased, Holland to Clarion, 55 miles; total
operated, 563 miles. Organized as the Burlington Cedar Rapids & Minn.,
June 30,1868, and main iine opened to Plymouth 219 miles, and branches,
149 miles, to end of Sept., 1873. Default Nov. 1, 1873.
Property sold
under foreclosure June 22, 1876, and given up to the purchasers July 1,
1876. Bouds of the Cedar Rapids Iowa Falls 6c Northwestern road are
endorsed (on the bonds); they are redeemable at 105 after Oct. 1,1890.
Gross earniugs year ending December 31, 1880, $2,053,481, against
$1,534,950 in 1879; net $709,757, against $550,142.
Interest paid,
$367,420. The company guarantees the above bonds mentioned. They
also guarantee $150,000 of Minneapolis Sc St. Louis bouds. The annual
report for 1880 said that the surplus earnings of the road, in excess of
operating expenses and payment of fixed charges, had been devoted to
the improvement and equipment of the company’s railway,
The fol¬
lowing is a comparative statement of earnings and operating expenses
for the years ending December 31 r
Net

Gross

Earnings.
$1,534,950
2,053,481

2,259,037

Expenses.
$984,908
1,343,724
1,626,849

Earnings.
$550,042
709,757

632,188>

-(V. 32, p. 69, 154, 367, 418.)

Cairo dt St. Louis.—Dec. 31,1881, owned from Cairo, Ill., to East StLouis, Ill. (3 ft. gauge), 147 miles. Default made April 1, 1874. Sold in
foreclosure July, 1881, and bought in, in behalf of bondholders, for
$4,000,000. New stock, $6,500,000, and new bonds as above. In
March, 1882, the road passed under control of the Texas & St. Louis.
—(V. 32, p. 396, 551, 611, 685; V. 33, p. 99 ; V. 34, p. 147, 366.)
California Pacific.—Dec. 31,1881,. owned from South Vallejo, Cal., to
Sacramento, Cal., 61 mile ; branches—Napa Junction to Calistoga, 35
miles; Davisville to Knight’s Landing, 19 miles; total operated, 115
miles. Consolidation (December 23, 1869) of California Pacific and
California Pacific Extension companies.
Leased for twenty-nine
years, from July 1, 1876, to Central Pacific.
Rental, $550,000 per
annum, and three fourths of net earniugs when in excess of that
General
amount.
account (December 31, 1880) — Capital stock,
$12,000,000; funded debt, $6,850,000; bills payable, $1,272,643; and
other liabilites, accounts, &c., $338,419; total liabilities, $20,462,062.
Extension bonds of $3,500,000 and incomes of $1,000,000 werein
default, and the new bonds of 1875, guaranteed by Central Pacific,
were issued in place thereof.
California Southern.—This road from San Diego, Cal., eastward is built
by Boston capitalists as a connecting line of the Atlantic A Pasiflo
trans-continental route. A second block of $750,0 JO was offered in
January. 1882. For $1,100 in cash each subscriber receives $1,000 ua
bonds. $1,000 in.stock and $10o in the San Diego Land & TQtrn v#»
stock*
Y* 32, p. 231; V. 32, p. 52,_ »■***»

Subscribers

will confer a

Ac., see notes

Miles
of
Road.

pref.)....

67
60

Camifen d burling iton’Go.—1st mortgage.'!!!i' *.*

si

Atlantic-Stock ($880,650 of it
(extended 20 yean,

extended in 1879

2d mortgage,

Canada
\]o«r

Southern

niort.*

iu 1873)

Stock

interest

............

Yadkin Valley-lzt mort
Carolina Central- 1st mortgage,-gold, coup, or
2d mort., gold, income, reg., not cuinu ative
3d mort gold, income, reg., not cumulative
Carson d Colorado- 1st mortgage
Oataicissa—Common stock
New preferred stock
Old preferred stock
1st mortgage bonds....
Chattel mortgage bonds
Ccwe Fear

<&

Susquchanna—Stock.

Cayuga d
Cedar Falls d Minn.— Bonds on
Bonds on 2d division, sinking

.........

reg.

-------

1st div., sink. fund.
fund
Cedar Ran ids d Missouri liiver—Common stock....
Preferred stock, 7 per

cent

1st mortgage
1st mortgage
let mortgage

-

gold

Central Branch Union racific—1st mort.,
—
Funded interest bonds (coupons held in trust). ..
2d mortgage

(Government subsidy)

Central R. R. d Ban/:, (la—Stock
General mort, “tripartite” bds ($5,000,000)

coup.

debt (for dividend)
Central Iowa—1st mortgage.
-------Income bonds, “debt certificates,’ payable at will
Certificates of

1st

mortgage on

Chicago Burlington &

Pacific...

Date
Size, or
Par
of
Bonds Value.

1853
1854

$50
1,000
1,000

396
291
47
242
242
242

1878
1881
1880
1880
1880

....

500 Ac.
100

....

93
....

93
64
....

93
35
14
61

274
....

70
58
146
100
....

100
708
620

189
....

....

Amount

....

....

....

1863
’60-8-9
1870
....

1864
1866
....

.

1861
1863
1866
1866
1879
’66-7-8
.

1,000
50 Ac.

1,000
1,000
1,000
50
50
50
500
500 Ac.
500 Ac.
100
500 Ac.
500 Ac
100
100
500 Ac.
500 Ac.
500 Ac.

1,000

1,000
1,000
100

.

1,000

1872
1881
1879
1880

100
500 Ac.
500 Ac.

1884

1,000
•

$1,258,050

When

Payable
J.

& J
A. A O

490,000
497,000

Whom.

Stocks—Last
Dividend.

Nov., 1880

Where

Payable, and by

Phila., Farm. & M. B’k.
do
do

Pliila.. Penn. RR. Co.
N. Y., Grand Ceu. Dep
J. A J. N. Y., Union Trust Co.
J. A J. N. Y., Fourth Nat. Bk
A. & O. N.Y., Farraers’L.AT.Co,
New York, Office,
J. A J.
do
do
A. & O.
F. A A.

350,000

15,000,000
13,546,879
300,000
2,000,000
1,500,000
1,500,000
2,250,000
1,159,500
1,000,000
2,200,000

1876-90.

pal,^When Due.

Camden, Co.’s Office.

Rate per
Cent.

Outstanding

225,000
1867

Atlantic— Dec. 31, 1881,

Inlet, 60 miles; Penn

*

discovered In tbese Tables.
Bonds—Princi¬

Jan.. 1893

Oct., 1, 1904

i.897
Feb.
Jan.

1, 1881
1, 1908

Aprii 1," "i.920
July 1, 1915
July 1, 1910

M. & N. Philadelphia Co.’s office Nov. 18,
Nov. 18,
do
M. & N.
F. A A. Phila., Phila.A Read.Co. Feb. 1,

230,500

1888
do
do
Various
Feb.
do
do
A A.
& J. New York, 44 South st. Jan.
A O. N. Y.,J. 8. Kennedy A Co April
Jan.
do
do
A J.

209,850
1,300,000
589,110
198,000
1,334,000
6,850,400
769,600

F.
J.
A.
J.

Q.-F.
F.
F.
F.
M.
M.
M.

700,000
582,000
2,332,000

1,600,000
640,000

A
A
&
&
&
A

1,600,000
J. A
J. &
J. &
J. &
A. &

7,500,000
3,750,000
4,600,000

3,700,000
629,000

Boston, Treasurer,

do
do
A.
A. N. Y., Nat’l Park Bank,
do
do
A.
do
do
N.
N. N. Y., Company’s Office.
N. N. Y., Hanover Bank.
U.S. Treas., at maturity.
D.
Savannah, Ga.
J. N.Y.,Nat,City Bk.&Sav.
J.
Savannah, Ga.
New York, Office,
J.
do
do
O.

12,000 p. m.

1881
1881
1882

to 1900
1, 1900
3, 1882

30, 1884
2, 1907
May 1, 1882
Feb. 1, 1882
Aug. 1, 1891
Aug. 1, 1894
May, 1916
May 1, 1895
May 1, 1895
1896.’97, ’98
Dee. 15, 1881
Jan. 1, 189 j
1891

July 15, 1893
3 mo8. notice
1911

to Illinois Central, October 1, 1867.
Capital stock, $1,587,000, and
owned from Camden, N. J., to funded debt, $1,587,000. Total (cost of road), $3,174,000. A sinking
Ave. to South Atlantic, 6 miles : leased fund of 1 per cent per annum is provided.
Absecon
leased branch, Egg Harbor City to May’s Landing, 7 m.; Phil. Marl. &
Cedar Rapids d Mo. River.—April 1,1881, owned from Cedar Rapids,
Med. RR.; Haddonfield to Medford, 12 miles; total operated, 84 miles.
la., to Mo. River (opp. Omaha), 272 miles; branch, Clinton, la., to Lyons,
Earnings and expenses for three years past have been :
Years
Earnings.
Expenses.
Profit. la., 2 miles; total operated, 274 miles, of which 214 miles steel rails.
1879 '
.....$495,472
$293,345
$202,127
127,219
18S0 "
498,838
371,626
1881 ”
512,880
373,864
139,016
The preferred stock is entitled to 7 per cent if earned, and to as high a excess over $4,500 per mile. Gross earnings year ending Mch. 31, 1881,
rate as paid to common stock if more than 7. (V. 32, p. 395; V. 34, p. $2,981,714; gross earnings per mile, $10,8*1. The rental in 1880-81
wras $815,550 and disbursements, including dividends and interest, were
343.)
$638,814. The total balance to credit of income account March 31,
Camden d Burlington County — Dec. 31, 1881, owned from Camden, 1881, was $611,825. In 1880 purchased a majority of the Sioux City &
N. J., to Pemberton, N. J., 23 miles; branch, Burlington, N. J., to Mount Pacific Railroad stock.
(V. 32, p. 611.)
Holly, 7 miles; total, 30 miles. Leased to Camden & Amboy Railroad
Central Branch Union Pacific.—From Atchison, Kan., to Waterville,
Co., and now operated by the Pennsylvania Railroad Company, lessees
of United Railroad A Canal Company’s lines.
Lease rental, $44,415, Kan., 100 miles; and lias an extension under the name of Atchison Colo¬
being 6 per cent on stock and bonds, and $500 for organization expenses. rado & Pacific of 229 miles, making 329 miles in all, and the bonds
Capital stock $381,925 and funded debt $350,000; total, being cost of the extension are guaranteed by U. P. company. The Union Pacific
iof property, $731,925. Dividends in January and July.
Central Branch was formerly the Atchison A Pike’s Peak Railroad, and
was one of the roads embraced in the act of Congress incorporating the
Canada Southern— December 31,1881, owmed from Victoria, Ont., to Union Pacific Railroad. The stock is $1,000,000, of which the Union
Amherstburg, Out., 229 miles; branch, St. Thomas, Out., to Court- Pacific holds about $900,000. The company received a Government
right, Ont., 63 miles; total (original line, all steel), 292 miles; subsidy of $1,600,000. Default on interest was made May 1, 1873, but
and miles absorbed on reorganization—Erie A Niagara, 31; Sarnia no foreclosure took place. In 1879 the earnings on 224 miles were
Chatham & Erie, 7; Canada Southern Bridge A Ferry, 4; Toledo Canada reported at $1,000,000; operating expenses, $477,862; net earnings,
Southern & Detroit, 55, and Michigan Midland & Canada, 15; total of
$522,138. (V. 32, p. 335.)
all lines, original and acquired, 404 miles. Default was made, and a
Central of Georgia (d Bank).—Aug. 31,1881, owned from Savannah,
reorganization forming the existing companies was completed in 1878.
Interest on the new bonds issued by the company is guaranteed by the Ga., to Atlanta, Ga., 294^ miles; branch, Gordon to Milledgeville, 17
New York Central Railroad Company for 20 years; the principal is not miles; leased- Augusta & Savannah, 53 miles; Eatonton Br. Railroad,
guaranteed. The income account for four years, December being 22 miles; Southwestern Railroad and branches, 310 miles; Upson
County Railroad, 17 miles; total operated, 714 miles. In January,
partly estimated in 1881, was as follows :
1880.
1878.
1879.
1881.
1880, purchased the former Savannah & Memphis road—Opelika to
•Gross earnings
$2,480,873 $2,995,366 $3,705,679 $3,372,305 Goodwrater, 60 miles—for $700,000. In 1881 the Port Royal A Augusta
years wras
lease
the Georgia
Expenses
2,675,853 road was leased; also aof thisofcompany. TheRailroad for 99 debt were
2,070,258
2,448,091
2,406,341
taken in the interest
certificates of
Net earnings
$547,275 $1,299,337
$410,615
$696,452 issued, June, 1881, as a dividend to stockholders—$40 per share to Cen¬
Interest
353,428
678,624 tral Georgia and $32 per share to Soutlnvestern. The company owrns a
391,452
407,799
large interest in connecting lines and in the Ocean Steamship Line of
Surplus
$155,823
$17,828 Savannah. In February, 1882, the Board resolved to issue $3,500,000
$57,187
$891,538
7 per cent certificates based ‘on the Steamship Co. earnings, and dis¬
The bonds carried interest at 3 per cent till 1881 and 5 per cent for the
tribute as a dividend, but the matter w7as postponed.
other 27 years, which accounts for the increase in interest in 1881.
(V.
Traffic Earnings.
,
/—Payments from Net Earnings^
32, p. 634, 679; V. 33, p. 715, 743.)
Years.
Net.
Leases.
Gross.
Interest. DividMs.
Cape Fear d Yadkin Valley—Dec. 31,1880, owned from Fayetteville
$826,925 $439,596 $255,412 $187,500
$2,409,092
to Gulf, N. C., 47 miles. Extension from Gulf to Greensboro to be com¬
1,093,967
439,631
279,178
375,000
2,675,318
pleted in 1881. This was a reorganization of the Western RR. of N. C.
375,000
1,181,906
439,652
272,428
2,781,654
in April, 1879. Stock, $717,000. In December, 1881, the New York A
1,508,652
439,666
267,732
3,144,102
Southern Railway Co. of New York purchased the interest of the State
1,389,494
439,666
267,000
3,707,891
of North Carolina. J. A. Gray, Pres’t, Greensboro, N. C. (V. 33, p. 622,
This company and the Georgia Railroad Company are joint owners of
715.)
Carolina Central.—March 31, 1881, owned from Wilmington, N. C., to the Western Railroad of Alabama, purchased at foreclosure sale in
Shelby, N. C., 242 miles. Formerly Wilm. Char. A Rutherford, chartered April, 1875. The “tri-partite” bonds are issued jointly by this company,
(V. 32, p. 44,334,396,
in 1855. Succeeded by existing company after foreclosure May 3, 1873. the Macon A Western and the Southwestern.
Defaulted, and Receiver placed in possession April 5, 1876. Sold in fore¬ 611; V. 33, p. 526, 587, 715 ; V. 34, p. 31,177, 315.)
closure May 31, 1880, for $1,200,000. In 1879-80, gross earnings were
Central Iowa— Dec. 31, 1881, owned from Albia, la., to North wood, la.
$466,519; net, $189,269. In 1880-81, gross, $564,028 ; net, $250,835. 189 miles; Muchakinock Branch, 2 miles; Grinnell A Montezuma Br.,
Wilmington Bridge bonds, $200,000, at 7 per cent, are guaranteed by 14 miles; Stoney City Br., 39 miles; total operated. 244 miles. Char¬
this company and interest paid. The stock of $1,500,000 is placed for
tered as Central RR. of Iowa and opened in 1871.
Defaulted and placed
five years in the hands of the reorganization Committee. (V. 32, p, 576;
in hands of a Receiver in 1873. Reorganized under present title, June 18
V. 33, p. 357, 559 ; V. 34, p. 343.)
1879, after foreclosure sale under first mortgage July 18, 1877. The new
Carson d Colorado.—This road is in progress. Capital stock, $2,250,- stock issued is $2,100,000 common; 1st pref., $907,000, and 2d pref.,
$1,167,800, given for the old 2d niortg. bonds. 1st pref. has prior right
000. II. M. Yerington, President.
to 7 per ct. (noil-cumulative) from net profits, after payment of interest;
<•Cdtawissa.—Doc. 31, 1881, owned from Tamanend, Pa., to Williamsthen 2d preferred entitled to 7 per cent; any surplus, after payment of 7
jport,Pa., 93 miles; branch, Summit Station to Silver Brook, 4 miles; on common stock, to be divided pro rata between the three classes. In
97 miles. Chartered as Little Schuylkill & Susquehanna February, 1880. the income bonds were issued to first mortgage bond¬
ttotaloperated,
mi 1)831; name changed to Catawissa Williamsport & Erie
in 1849. holders in payment of four years’ net earnings due them, and are paya¬
iRo*.d opened Dec. 18, 1854. Reorganized under present name in 1859.
ble by the company on three months’ notice. In December, 1881, stock¬
iLeased from Nov. 1, 1872, for 999 years to Philadelphia & Reading.
holders of this company had the privilege of subscribing to the bonds
-Cental, 30 per cent of gross earnings and $8,000 a year for company of the Chicago Burl. A P. (extension line), and received a bonus of Cent.
■expenses. Funded debt is also assumed by lessees. Seven per cent is Iowa
stock. The following is a comparative statement of the earnings
guaranteed on the preferred stocks.
and expenses for the years 1880 and 1881 :
1881.
1880.
Cayuga d Susquehanna.—Sept. 30,1881, owned from Owego, N.fY., to
Gross earnings
$962,076
$1,001,366
Cayuga Lake, N. Y., 34 miles. Chartered as Ithaca & Owego in 1828.
and opened in 1834. Reorganized as Cayuga A Susq, in April 1873.
Expenses—
Leased in perpetuity to Del. Lack A Western, Jan. 1, 1855, at a rental of Operating expenses
$595,534
$463,807
)$d4,600 a year. Dividends on capital, 9 per cent per annum. Capital Renewals
228,401
* 133,469
stock (cost of road to present owners), $589,110. A considerable deficit Ballast
13.165
23,500

Camden d

'

xix

INTEREST OR DIVIDENDS.

explanation of column of tables.
1
headings
on first page

Cnmden d

AND BONDS.

great favor by giving Immediate notice of any error

DESCRIPTION.
For

STOCKS

KAILKOAD

1892.]

April,

to the

lessees

occurs

from year to year.

Cedar Falls d Minn.—Y>ec. 31,1881, owned from

Waterloo, Ill., to Minn

•

$837,101

Total expenses

C. for 40

State Line, 76 miles. Completed in 1870. Leased to Dub. A Sioux
years from Jan. 1,1867, at $1,500 per mile as a minimum and a
tingent of 35 per cent of gross earnings from $3,500 to $7,500 per
and of 30 per cent oi any excess over $7,500 per mile,




,

con¬

mile
Lease transferred

-(V. 32, p. 205, 312,

$341,298
715; V. 34, p. 230.)

$164,265

Net earnings

500; V. 33, p. 587, 686,

$620,778

RAILROAD

XX

.

explanation of column headings, &c., see notes
on

first page

of tables.

Miles
Date
of
of
Road. Bonds
359
74

Central of New Jersey—Stock
Mortgage bonds
Bonds (convertible Nov., 1875 to 1877)
Consolidated mortgage (for $25,000,000)
Income bonds, reg., (not cumulative)
Newark ANew York, 1st mortgage

1869
1872
1874
1878
1867

....

97
....

7

ISfehigh 6c Wilkesbarre Coal Co., prior liens

....

do
do
Consol mort
L. 6c W. B. Coal Co., inc’me bds, rg. (not cumTat’e)
Am. Dock 6c linn.Co. new M. Inis., guar. C. of N. J.

1875
....

....

1381
1878

•

.

Adjustment mort. (redeemable any time at par)..

„

m

....

137
137
137
2180
742
50
146
742
158
123
152
152
20

Central Ohio—Common stock
Preferred stock
1st

BONDS.

AND

rvoi, XXXIV.
discovered in these Tables*

Subscribers will confer a great favor by giving Immediate notice of any error
DESCRIPTION.

For

STOCKS

mortgage bonds

Central Pacific—Stock
1st mort., gold, (2 sinking funds, $50,000 each)..
California State aid, gokf (s. fund, $50,000)
lstm.S. Joaq’n Vul. Br., gld (s.f. $50,000)
U. 8. Loan, (2d lien on certain terms)
Western Pacific, 1st mort., gold, (s. f. $25,000)...
do
Government lien
Cal. Sc Oregon, 1st M., gold, guar., (8. f. $100,000)
Cent. Pac., mortgage, on C. 6c O. Branch
8an Fran. O. & A.,
M. (s. t. $100,000)
Land grant morttnS'V, bonds
Income hds.($6,000,000), skg.fd.,10 p.c.per anu’m
Charlotte Columbia d- Anyusla—lut mort. consol...
2d Mortgage
Chartiers— 1st mortgage
Cherry Valley Shar. d- Al.—1st mort. lie* on road.
Chesapeake d Ohio—Puroh. money funding bonds...
1st mortgage, gold, “A”
do
do “B”
2d mortgage, cur. (interest in stock or cash)
1st mortgage, gold, Peninsula Extension

....

»

par

50
100

25,883,000
6,000,000
25,885,000

.

....

-

1,000
1,000

1,000

1,000

1876....
T877....
1878....

1,000
1,000

1,000

follows prior to 1879 :
Paid from Net Earnings
.
Leases.
Interest.
Dividends.
Earnings.
as

$3,188,469

$983,113

$075,609

5,753,413
5,589,520

2,484,840
2,302,770

700,345

563,114

699,134

734,500

$515,000

—(V. 32, p. 205,231,390, 420, 414, 451, 468, 635; V. 33, p. 23. 93,
528,502,559,622, 680, 743; V. 3 4, p. 145, 189, 203, 230, 263, 290,
315, 434, 459.j
Central Ohio.— July 1, 1880. owned from Bellaire, O., to Columbus, O.,
137 miles. Chartered in 1847 and opened in 1854. Reorganized iu
1865. Leased to the Baltimore A Ohio, for 20 years, Nov. 11, 1866;
rental, 35 per. cent of gross earnings. Feb. 23, 1880, the lease was
extended to Dec. 1, 1926, with the option of renewing for terms of 20

perpetually.
In 1879-80 gross earnings were $1,003,565; net,
$311,454;. lease rental, $351,247. The road between Newark A Col¬
miles) is owned jointly with the Pittsburg Cincinnati A St.

years

umbus (33

Louis RR. Co.

icific.i, 883
Ogden, Utah, &83 miles, and auxiliary lines, 332; total, 1,215 miles;
operated under lease or contract—the Southern Pacific in. California,

and New Mexico, California Pacific, 115, and others, 299;
total, 1,652 miles; total length of road operated aud accounted for Jan.
1, 1882, 2,865 miles.

Arizona

This was a consolidation (August, 22, 1870) of the Central Pacific,
California A Oregon, San Francisco & Oakland, San Francisco A Alameda
and San Joaquin Valley railroads. In connection with the Uniou Pacific,
the Central Pacific forms a continuous line from San Francisco, Cal., to
Council Bluffs, la. (1,918 miles), .and there connects with the lines east¬
ward. Construction was commenced in February, 1863, and the main
line (Sacramento to Ogden) opened May 10. 1869. The Union Pacific was
completed on the same day. The prices of stock have been as follows:
1882.
1881.
1S82.
1881.
Jan
947g- 87*4
98*4- 86
July
100*2- 8934
Feb.
92 - 86
9314- 80*2 August
94 - 87*2
March..
92^8- 8714
89 l>- 83*2 Sept’ber
98 - 88*2

April
May

-

89 - 83*2
98 7s- 86 34
10273- 94*2

October
Nov’ber
Dec’ber

June
A brief abstract of the annual report

34, p. 406, had the following:

-

96*\- 90*2
973s- 93
953s- 887s

for 1881 in the Chronicle, V.

1830.

Gross earnings from transportation
Operating expenses, including rentals

$21,094,109
13,8 59,306

$20,508,113
12,045,669

Net earnings
Income from other sources—
Land bon ds:redeemed from proceeds of land

$10,234,794

$8,462,444

420,000
592,656

200,000
348,110

262,500
20,000

254,617
54,855

$11,529,950

$9,320,056

sales

Express contracts
Sinking fund earnings.....
Total




investments
..

g.
g.

g.
g-

F. Sc A.
M. & N.

Q—J.

Q.-M.
M.
J.
M.
J.
J.
M.
F.
J.
J.
A.
L
J.

do,

do

do

J.
r.

J.
A.

A.

A.
J.

J.
A.

M.
J.
A.

1887

.1881.
$3,508,291
720,121
3,556.530

Taxes, legal and miscellaneous
Dividends

Requirements U. S. account of 1862-4 and
1878, estimated at maximum

June 1,
May 1,
July l,
May 1.
Feb. 1,
Feb. 1,

1900
1888
1921
1903
1882
1882
Sept., 1890
Pol). 1, 1882
1895 to ’98
July 1, 1884
Oct. 1, 1900
1895 to ’98
July 1, 1899
1899
Jan. 1, 1888
Jan. 1. 1892
July 1, 1890
Oct. 1, 1890
May 1, 1888
Jan. 1, 1895
Jan. 1, 1910
Oct. 1, 1901
Dec. 15, 1899
July 1, 1898
July 1, 1908
July 1, 1908
July 1, 1918
Jan.

1.

I9li

1880.

$3,715,325
827,941
3,406,530

1,200,009

$8,98 4,943
carried to credit of protit

$7,949,796

$2,545,007
$1,370,200
as follows:

Earnings and dividends for several years have been
Gross
Net
Ave.
Operating
Miles.

Nov., 1902

■"July 1. 1899
May 1. 1908

Y., Cent. RR. of N. J.

Payments from income—

Years.
1876..
1877..
1878..
1879..
1880..
1551..

1890

do
A N.
do
do
A J.
do
A N. N. Y., Cent. RIi. of N. J.
A J. Balt., at B. A O. office.
do
A J.
do
A S.
do
do
A A. N. Y. A San Francisco.
N. Y., Fisk A Hatch.
A J.
A J. Sacram’o State Treas.
N. Y., Fisk A Hatch.
A O.
U. S. Treasure.
A J.
N. Y„ Fisk A Hatch.
A J.
U. S. Treasury.
N. Y., Fisk A Hatch.
A J.
New York A London.
a j.
A J. N. Y., Cent. Pac. Office.
N. Y.. Fisk A Hatch.
A O.
N. Y. and S m Fran.
A N.
A J. N. Y., Nat. Park Bank.
do
A O.
do
A O. Philadelphia, Penn R.R.
AD. N.Y.,Del.A Hud.Can.Co.
N. Y., Fisk A Hatch.
A J.
do
do
A 0.
A N.
Company’s office.
do
do
A J.
do
A O.
do

Interest

Total
a surplus
and loss of

April 10,187J

-

M.
J.

7
6 g.
6 g.
6 g6
6

Leaving

Dividend.

....

g.
g.

6 g.

500,000
500,000
300,000
2,350,000
2,000,000
15,000,000
10,122,500
2,000,000

do

N.

SI

payable, and by

New York, at office.
do
do
do
do
do
do

M. A N.
J. A J.

8 g.
7
7
7

3,285,000
2,000,000

Where

Earnings.
$16,996,216
16,471,144
17,530,858
17,153.103
20,508,112
24,091,100

Accounts.*

Earnings.

Dividend
to Stock.

$7,857,211

$9,130,005 $4,342,040 (8)
8,636,726
7,774,418
4,342,010 (8)
8,750,546
8,780,312
6.945.300
10,207,802
12,045,003
8,402,4 14
3.406.530 (0)
13,859,303
10,234,793
3.550.530 (0)
Leased lines rentals included in operating expenses since July, 1878.
The land department makes the following exhibit: Total grant from
the United States (12,800 acres per mile), 7,997,600 acres; grant to
the California A Oregon Railroad, 3,724,800 acres: total, 11,722,400
acres.
T he muds have been sold mostly on five years’ time, with a cash
payment ot 20 per cent at time of purchase. There had been sold prior
to the execution of the land mortgage, October 1, 1870, 127,637 acres
for $295,065, and since 1875 yearly sales as follows: 1876, 36,503
acres, at an average of $7 51 per acre; 1877, 92,647 acres, at $12 99*4;
1878. 78,100 acres, at $8 242378; 1879, 43.258 acres, at $ » 22*3; 1880,
111.852 acres, at $3. (V. 32, p. 69. 93,121. 154. 199, 231, 658; V. 33.
p. 73, 153, 254, 327, 328, 736; V. 34, p. 175, 4 06.)
Charlotte Columbia d Augusta.—Sept. 30, 1881, owned from Charlotte,
N. O., to Augusta, Ga., 191 miles. In November, 1881. leased Atlantic
Tennessee A Ohio Railroad, Charlotte to Straitsviile, 47 miles. Consoli¬
dation (July 9,1869) of the Charlotte A South Carolina and the Columbia
& Augusta. The road has been under the control and management of
the Richmond A Danville since 1878. Gross earnings 1879-80, $541,116; net, $184,566; gross in 1880-81, $626,919 ; net. $211,990. There
are, in addition to the above, bonds, $189,500 of old Columbia A
Augusta bonds vet outstanding, due in 1390. Stock issued, $2,578,000.
-(V. 32, p. 467, 577; V. 33, p. 736; V. 34, p. 59.)
Charticrs—Dee. 31, 1831, owned from Mansfield, Pa., to Washington,
Pa., 23 miles. Chartered as C. Valley in 1853 aud opened in 1856.
.Sold under foreclosure, aud reorganized in 1871.
Leased for 99 years
from January 1, 1872, to the Pittsburg
Cincinnati 6c St. Louis; the
rental is net earnings. Gross earnings 111 1880. $93.733; net income,
all sources, $31,730; in 1881, gross earnings, $110,031; netmcoinc,
$38,218. Capital stock, $6 IS,302. (V. 32, p. 498.)
Cherry Valley Sharon d Albany.— Sept. 30, 1881. owned from
Cobleskill, N. Y., to Cherry Valley, N. Y., 21 miles. Chartered in 1869
and opened in 1870.
Leased 011 completion to Albany 6c Susquehanna.
Sold to Delaware 6c Hudson Canal Co. for $320,119. "Rental $21,000 a
1,425

1,783
1,941
2,178
2,300
2,707

*

Capital stock, $387,650, and funded debt, $300,000.
Chesapeake d Ohio.—Sept, 30, 18S0, owned from Richmond, Va., to
Huntington, W. Va., 428 miles; branches 9 miles; total operated, 437
miles. In October, 1881, completed to Newport News, 75 miles. Con¬

year.

solidation

of

Virginia Central

and

Covington

6c Ohio, and opened

The old company defaulted in 1873 and
the road was sold under foreclosure April 2, 1878, for $2,750,000,
and reorganized under present auspices. The Eliz. Lexington 6c Big
Sandy Railroad connects on the west, and in 1881 an interest in the
Elizabethtown 6c Paducah, the Memphis Paducah 6c Northern and the
Kentucky Central roads was purchased for this company.
Earnings and expenses were as follows, the fiscal year having been
changed in 1881 to end Dee. 31 instead of Sept. 30:
Net
Gross
Operating
Earnings.
Years.
Earnings.
Expenses.
through March

1, 1873.

<

$1,936,360

v

I..

$1,594,739

1,891,542
2,514,245
2,705,343

1,507,332

1,945,018
2,267,403

$341,621

384,209
569,227
337,940

the reorganization the stocks arc as follows to July 1,1881:
Common, $15,906,138; preferred stock—first, $7,247,803;
second.
$8,188,489. The “B” bonds take interest in first preferred stock till
November, 1881; in 1881-82 3 per cent cash and 3 per cent stock; in

Under

1881.

on

687,000
6,230,000

1881

INCOME ACCOUNT.

Dividends

187-90.

1,970,000
6,000,000
2,080,000

100 Ac.
100 Ac.

Net

Earnings.
$6,983,173

2,616,000

500 Ac,

leased lines, showed gross earnings of $1,317,218 and net earnings of
$1,371,580 in 1870; $5,306,970 gross aud $2,145,222 net in 1880; and
in 1881, $6,594,883 gross and $2,230,618 net.
On Jan. 1, 1882, the
net floating debt was $2,442,562, against $1,906,754 in 1881. Gross

Years.

1,500,000

1,000
1,000
500 Ac.
1,000

opened in July, 1852, and extended from Elizabeth to Jersey City
in 1864. The. Long Branch division was opened in September, 1875.
lease of the Lackawanna A Susqueliana Railroad is dated March 31,
The
1871, and is virtually a consolidation agreement, the lessees having pur¬
chased the rolling stock. In February, 1877, the property was placed in
the hands of a receiver, and on April 1, 1877, default was made on con¬
solidated mortgage interest. Reorganization followed [See scheme. V.
26, p. 215].
Of the $11,500,000 Lehigh A Wilkesbarre Coal
bonds, $6,116,000 are held by Central of New Jersey aud are
deferred, having no claim for interest till all other "bonds are
satisfied. The Lehigh & Wilkesbarre Coal Co.’s stock is $8,700,000, and
the company was taken out of receiver’s hands in March, 1882. No
satisfactory report has been issued since 1878.
In February, 1881,
Messrs. Jay Gould aud Sidney Dillon were elected directors.
The
American Dock A Improvement Company, which is virtually owned by
the railroad company, issued a new mortgage in Jnne, 1881, to retire
the prior issue and pay off the Central of New Jersey floating debt; and
the company reserves the right to purchase these bonds by lot at 110.
The adjustment bonds are payable at will, and also the income bonds so
reported. The operations of the New Jersey Central only, exclusive of

all lines had been

.

1,000

.

3
6
7
6
0
6
6
6
6
8

59,275,500

1,000

1864
1870

7
7
7
7
6 A 7
7
7
5
7
3
3
6

2,500,000

1,000
1,000

1865-8

When

Payable

Q.-J.

7

411,550

1,000

was

Gross

Rate per
Cent.

$100 $18,563,200
5,000,000
1,000
4,400,000
1,000
15,000,000
1,000
100 Sec.
2,450,000
500 Ac.
600,000
4,720,000
1.000
11,500,000
100 Sec.
3,553,000
1,000
5,000,000
100 Ac.
5,550,000
50
2,437,950

Central of New Jersey.—Doc. 31, 1881, owned from Jersey City, N. J.,
to Pliillipsburg, N. J., 73 miles; branches, 57 miles; leased—iu N. J., 50,
and in Penn., 215; total operated, 305 miles. The principal leased lines
in Pennsylvania are the Lehigh & Susquehanna and the Lehigh A Lack.,
with their branches, Ac. The main line from Elizabeth to Pliillipsburg

revenue on

Amount

Outstanding

Value.

....

1869
IS 09
1868
1872
1870
1870
1 878
All.
1869
195
195
1872
23
1871
21
1869
423 1. 1878
503
1878
428
1878
428
1873
75
1881

Bonds— Pnnci
pal,When Due.

INTEREST OR DIVIDENDS. “

Size, or

1882-83 4 per cent cash and 2 p. ct. in stock, and thereafter all cash. The
second mortgage currency bonds till July, 1884, take interest in second
preferred stock, then for two years partly iu that stock aud partly cash,

earnings are sufficient but “ all interest
paid in cash to be paid in second preferred stock.” The cash interest
on series “B” begins at $450,000 per year in 1831-’82,
and runs up to
$900,000 in 1883-’84 and after. First pref. stock has prior right to /
per cent from surplus; then 2d pref. to receive 6 per cent; both classes
precede the common. (V. 32, p. 154, 544; V. 33, p. 467, 517, 5o3,
715, 743 ; V. 34, p. 85; 264, 2 >2, 343.)
and afterwards all cash, if the

not

DESCRIPTION.

explanation of column headings,
**
on.first i>a£e of tables.

Ac., see notes

Miles
of

preferred

Cheshire—Stock,

SefSmortgHge^terltnil for
1st mortgage

Joliet & Clilt.i,

T^nis Tack.
Louis Juck.

£000,000

lsI

do

2d M. endorsed by C. & A..

do

•

•

677
649
322
220
220
38
38
150
37
37
150
101

m()1.tgaj,ej 8i,.kins fond
A Ch., 1st mortgage
cv
ut M emlorsed by o. A A..

rto

•

do

2d mortgage
Louisiana A Missouri, 1st mortgage
do
do
2d mort.(int. guar. C. A A.)
do
do
guar. pref. stock
Bonds for K.C.St.L.A C. line, s.f. $00,000 after’79
Preferred stock do
guar. 0. A A
Common stock
<lo
•;•**
y*
C. A A. bonds on Miss. Riv. Bridge, 1st rnort., gold
Chicago d Atlantic—1st mortgage, gold
Chicago Burlington d Quincy—jStook
1st mortgage, sinking fund, (trust).

101

162

Outstanding

$1,000

$8,050,000

1877
1877

1,000
1,000

500,000

_

.

„

1857
1864
1864

1.000
1,000

l'S68

1,000
1,000
1,000

800,000
11,181,400
2,425,400
4,379,850
2,383,000
1,083,000
1,500,000
306,000
2,365,000
564,000
188,000
360,000
439,100

1,000

300,000

262,100
2,874,000
1,750,000
189,900

•

•

•

•

....

•

1,000
1,000
500 Ac.
100

....

1,000

1868
1870
1877

1878

1,000

....

....

40
70
44

.

100

1,000
1,000

6,500,000

100

62.308,196

....

T.rmiavillf» tn

2,412,000

1,000
1,000
1,000

13,986,000
11,707,000

....

....

....

....

1872
1875
1869
1870
1870

1,000
1,000

a year.

$6 50 paid

n.mrmn.nv 1111-r-

1, 1864, for the term of

its

It was built by the Chicago A Alton Company,

leased to said company in perpetuity from November 1,1877. at a
rental of 35 per eent of gross earnings, less taxes and assessments. The
bonds are held by United States Trust Company as security for the C. A
A. bonds of 1878 issued to build this road, and a sinking fund of

$60,000

per annum provided for their redemption. Should the 35 per
cent be more than sufficient to pay bond interest and 7 per cent on
the stock, the excess is to go to the lessees. The
Mississippi River Bridge
is leased in perpetuity from December 3, 1877, at a rental of $63,000, to

applied in payment of 7 per cent on $200,000 stock, and 6 per cent on
$700,000 bonds. Pref. stock has prior rignt to a iion-cumulative divi¬
dend not exceeding 7 per ct. from net
earnings, and (after payment of 7
tin com.) also shares with com. in any surplus. Prices of stock have been:
January......
February....

135
135

March

13238-12712

April
May-.,

-128

156

153

-149

147
147

-

133

-135
139

-

gctober
November

-140

’

143 -I27x
132%-128

-

lSO^-127

-

:

-140
-145
-147
-150

14212-135

-

September

-133

141
145
147
150

140

144 -136
14012-132

-

-153

1491-2-14 912

15014-134
......

July
August.....

-Preferred.1881.
1882.

1881.

13712-129
December
134 -12712
Annual report for 1881 in V. 34, p. 262.
have been as follows for four
years past:
-

-

Operations, earnings, Ac.,

INCOME ACCOUNT.

1878.

Total gross earnings.
Set

Net

Receipts—

earnings

Bisbursements“pmd
construction

m

debt....'.

1880.

$
5,755,677

2,706,15G
33,000

2,329,930

2,739,156

$

$

595,125

754,913

562,75 i

*102,175
561,279

1881.

$

1879.

■

$
7,557,740

7.687,225
'
3,625,401
269,505

3,408,027
306,791

6
4
4
6
7
7

J.
M.
M.
J.
J.
A.

Co.

A
A
A
A
A
A

Aug. 1, 1911
Fob. 1, 1897
Feb. 1, 1897
Jan. 10, 1882

J.
Boston, Office.
do
do
J.
July 1,’96&’98
S. N.Y.,Jesiip, Patou A Co. Mar. 1, 1882
S.
do
do
Mar. 1, 1882
J. Lond’u, J.S.Morgan ACo. July 1, 1903
J. N.Y.,Jesup, Patou A Co.
Jan.. 1893
do
A O.
do
Jan.. 1883
N. Y. U. 8. Trust Co.
1%
Jau., 1882
Q.-J.
J. A J. N.Y.,Jesup, Patou A Co.
8
July, 1882
do
do
A. A O.
7
April, 1894
do
do
A. A 0.
7
April 1. 1894
do
J. A J.
do
7
July, 1898
do
do
7
J. A J.
July, 1898
do
F. A A.
do
7
Aug., 1900
M. A N.
do
do
Nov. 1, 1900
7
do
do
3L>
F. A A.
Feb. 1, 1882
do
do
6 g.
M. A N.
May 1, 1903
do
Feb. 1, 1882
do
1%
Q.-F.
Chic.. Ill. Tr. A Sav. Bk. May 20, 1881
740
A. A O. N.Y.,Jesup, Baton A Co.
6
Oct. 1, 1912
6 g.
M. A N.
New York.
May 1, 1920
0
Q.-M. N. Y., Bk. of Commerce. Mar. 15, 1882
J. A J. N. Y., Bk. of Commerce. Jan. 1, 1883
8
J. A J. N.Y.N. Bk.of (’om.ABost July 1, 1903
7
A. A O. N. Y., Bk.ol’ Commerce.
4 A 5
Oct. 1, 1919
4
T. A J.
Frankfort.
4 g.
July 1, 1890
A. A O. N.Y., N. Bk. of Com’rce. Oet. 1, 1890
7
Jail. 1, 1896
J. A .T.
7
Boston, Co.’s office.
June 1, 1895
J. A D.
5
Boston, Co.’s Office. 4
8
J. A J. N.Y..N. Bk. of Com’rce.
July, 1889
J. A J. New York and Boston.
8
July, 1900
Boston.
A. A O.
8
Oct., 1890
'

1881.

1879.

3 8SO.

$
448,261
865,109

$
155,961

147418

2,000

30,737
2,503,983

765,776
29,500
30,737

2,400,341 *

854,359
3 02,006

$
171,662.
1,077,976
232,510

30,737

2,973,871

3,772,788

Chicago Burlington & Quincy—Dec. 31. 1881, mileage was as follows :

Main line—Chicago to Burlington, 205 miles; Burlington to Plattsmouth,
281 miles; branches—Central Depot, 2 miles;
to Quincy, 100;
Galesburg to Peoria, 52 ; Yates City to Lewiston, 30; Lewiston to Rush-

Galesburg

Geneva to Streator, 67;
Clinton, 62; Buda to Elm¬
wood, 44; Galva to New Boston. 50; Keithsburg Junction to Keithsburg, 5; Burlington to Carthage, 30; Carthage to Quincy, 40; Sterling to
Alton Junction, 200; Cleveland Junction to Cleveland, Ill., 2; Port
Byron to Rock Island, 7; Keithsburg to Sagetown, 17; Keokuk to Bur¬
lington, 42; Chariton to Leonr38; Chariton to Indianola, 33; Chariton
to Chillicothe, 15; Crest on to Hopkins, 45; Creston to Fontenelle, 28;
Red Oak to Hamburg, 40; Red Oak to Griswold, 18; Burlington Junc¬
tion to Villesca, 35; Hastings to Sidney, 21; Hastings to Carson City,
16; Albia to Knoxville, 33; Knoxville to Des Moines, 35 ; Leon to Grant
City, 57; Albia to Moravia, 11; Bethany Junction to Albany, 47; Platts¬
mouth to Kearney Junction, 191; Omaha to Oreapolis, 17; Crete to
Beatrice, 30; Beatrice to Wymorc, 12; Table Rock to Wymore, 38;
Wymore to Endicott, 27; Nebraska City to Central City, 150; Neliama
City to Nebraska City, 27; Neliama to Calvert, 9; Hastings to Indian¬
ola. 148; Indianola to Culbertson, 23; Amboy to Hubbell, 52; HubbelL
to Endicott, 24;Atcbison to Columbus, 221 ; total owned Dec. 31, 1881»
2,828 miles; leased—Quincy to East Louisiana and Branch to naunibal/
46 miles; used joints—Alton to East St. Louis, 21 miles; Hamburg to
East Nebraska City, 10; Pacific Junction to Council Bluffs, 18; Canal
Street to Union Depot, 1; total, 96 miles; total operated Dec. 31, 1881,
2,924 miles; controlled: Kansas City to Council Bluffs, 199 miles (28
miles of which included above under “leased;” Council B. to U.P. transfea
grounds, 2; Winthrop Junction to Atchison Bridge, 1; Main Line to East
Nebraska City, 2; Amazonia, Mo., to Hopkins, 50; Bigelow to Burling¬
ton Junction, 32; Corning to State line, 30; grand total, 3,212 milep..
There was also under construction December 31, to be completed during
1882, 308 miles additional. Also has gained control of the Burlington
A Southwestern Railroad, the St. Joseph A Des Moines Railroad, and
has leased the St. liouis Keokuk A Northwestern Railroad, and (jointly
with Wabash) the Humeston A Shenandoah Railroad.
The Chicago Burlington A Quincy was a consolidation (Jan. 1, 1873)
of the Chicago Burlington A Quincy iu Illinois and the Burlington A
Missouri River in Iowa.. The Q. A. A St. L. was leased in perpetuity
from Oct. 1,1876, at a rental of $42,000 a year. The St. L. R. I. A C.
was leased from Oet. 1, 1876,
at a rental of $175,000 a year.
In
1880 the Burlington A Mo. in Nebraska was absorbed, 630 miles,,
including leased lines.
A stock dividend of 20 per cent was then
made. The Republican Valley RR. stockholders were given a deferred
stock entitled to no dividends before Jan. 1,1885, but iu Oct., 1881, the
Chic. Bur. A Q. stock was given for this, in the proportion of three
shares for four. The C. B. A Q. 4 per cent bonds were issued against
Rep. Valley and Bur. A Col. 5 per cent bonds held in trust, and an equal
amount of Rep. Valley stock scrip was also issued to subscribers to the
bonds, such scrip being exchanged April 1,1882, into Chicago Burling¬
ton A Quincy stock. See V. 33, p. 328. The Kansas City St. Joseph
A Council Bluffs and branches was purchased. 254 miles. See state¬
ments of those roads, prior to consolidation, in Supplement of April 24,.
1880; also in Chronicle, V. 30, p, 519. and V. 31, p. 228.
The Chicago Burlington A Quincy on its leases or the numerous branch
roads usually gave them a traffic guarantee of 40 or 50 per cent for pur¬
chasing their bonds. Enough of the C. B. A Q. consolidated mortgage
is reserved to take up prior debts. The bonds of 1876 for St. Louis Rock
Island A Chicago Railroad are plain bonds of Chic. Burlington A Quincy,
offset by mortgage of like amount on St. Louis Rock Island A Chicago
road deposited with trustees. Prices of stock have been:
ville, 33;

431,644

Apr
May

762,001

Aurora to Turner Junction, 12;

Shabbona'to Rock Falls, 46; Mendota to East

Jan
Feb
Mar

771,360

J.

New York.
N. Y., Ex. Norton A
do
do

Stocks—Last
Dividend.

Penn. A Ohio, to Chicago, 257 miles. Built as a connecting line for N. Y.
P. A O. and N. Y. Lake Erie A West., and both these companies guaran¬
tee the gross earnings on business over theft* roads to and from the
Chic. A Atlantic, as security for interest on the bonds. See V. 33, p. 23.

3,894,906 3,714,818
$
$
1,067,991 1,096,995

L*.& c- net earnings, which were devoted to construction,

accordance with agreement.




•

173,545

Total net income...

on

4,671,519

2,156,385

Other receipts

Interest

$

April.

1*2

Whom.

Back taxes paid in 1878, $303,266 ; do paid in 1879, $34,025.
-(V, 32, p. 264 ; V. 33, p. 47, 224, 641; V. 34, p. 31, 86, 262.)
Chicago d A (Tan tic.—Road in progress from Marion, O., on line of N. Y.

(V. 32, p. 176.) The Louisiana A Missouri River is leased for 1,000
.years from August 1, 1870.
Rental, 35 per cent of gross earnings,
but interest guaranteed on 2d mort. bonds and pref. stock as above;
'the other pref. stock is $1,010,000 and com. stock $2,272,700.
The
Chic. A Ill. River RR. was sold in foreclosure Sept., 1879, and pur¬
chased by this company. The Kansas City St. L. A Chic, was opened

-Common.-

i

F. A A.

Payable, and by

*

Common stock, $1,293,000; preferred, $1,031,000;
and $3 52 paid on preferred in April, 1882.

1882.

5-6
8

Total disbursem’ts.

on common

,

Bonds—Princi¬

pal,When Due.

Balance, sur. or del'., def.174,053 but.338,815 sur.921,035 def. 57,970

1881,owned from South Asliburnliam, Mass., to
Winchendon to

through May 1,1879.
and is

890.500

Rate per When Where
Cent.
Payable

Taxes*
Dividends
Miscellaneous
La. A Mo. R. b’d acct.

charter, and forms part of the main line. Rental, 7 per cent oil stock and
8 per eent on bonds. The St. Louis Jacksonville A Chicago is leased in
perpetuity from April 30,1868, at a rental equal to 40 per cent of gross
earnings until the amount reaches $700,000,| with a minimum of
$240,000

xxi

1878.

Falls, Vt., 54 miles; leased, Monadnock RR.,

Chicago is leased from January

545,500
1,076,000

500 Ac.

Capital stock—common, $53,300, and preferred, $2,100,000.
Chicago d AIton.— December 31, 1881. mileage as follows: Joliet
to East St. Louis (main), 244 miles; Branches—To Coal City, 34 miles;
Dwight to Washington A Lac’n, 80 miles; Roodhouse to Louisiana, 38
miles. Total owned, 396 miles. Leased—Chicago to Joliet, 37 miles;
Bloomington to Godfrey, 150 miles; Louisiana to Cedar City, 101 miles;
Kansas City to Mexico, 162 miles. Total leased, 450 miles. Total oper¬
ated, Dee. 31, 1880, 846 miles.
Chartered as the Chicago A Mississippi, Feb. 27, 1847; reorganized
under act of January 21,1857, as Chicago Alton A St. Louis, and under
act of February 16* 1861, the present corporation succeeded to the
property, which was sold under foreclosure in the following year and
transferred to new organization in October, 1862.
Chicago and St.
Louis were connected by the present line in 1864.
The Joliet
&

390,000

1,000

and leased the C'ccilian Branch of Louisville A Nashville, from
Louisville to Cectlian Junction, with option of purchasing it, making
400 miles of road altogether.
Branches of 50 miles are also projected.
The Eliz. A Pad. com. stock was $1,426,500, and pref. stock, $1,426,500.
Cheshire— Sept. 30,

547,475

500 Ac.

lattcr,

Bellows

7,895,000
641,000
653,000

road will form the western
Big Samly,
from Ches.
HTlw.
•

700,000

1,000

connection of the Chesapeake A Ohio and the Lexington A
and the Huntington system of roads when finished will reach
mwl fi.rvm

,

....

.

1858
1873
1879
1881

96
....

.

1877
1881

100

(sinking fund $13,860 per year)..
Dixon Peoria A Hannibal, 1st in... 1
Coupon, C
Ottawa, Oswego A Fox Riv., 1st m > but may be <
Illinois Grand Trunk, 1st mort
) registered. C

100

....

1873
1863
1862

.

257
1682
466
825
740

Bonds of 1875,

.-..-.l.io

1,141,200
2,100,000

100
500 Ac.
100

.

....

....

Trust mortgage (Burlington to Peoria)
Plain bonds (coupon or registered)...

t.

Amount

Par
Value.

....

(for $30,000,000)
Trust mort.on Iowa lines,coup.or reg.(«.f. l^ p.c.)
Bonds (Repuh.Val. and Bur. A Col.bonds pledged)
Northern Cross R. R. 2d. mortgage, gold

Chesapeake Ohio d South western— This

of

....

Consolidated mortgage coupon,

BONDS.

INTEREST OR DIVIDENDS.
or

100

.

y'Vl8y*u<>t cumuiailive) i:

^P^SK-red*

St.

1.86
186
64

2d mortgage, income.

'

Size,

1881

OhiodSouthwest— 1st M., gold ($19,000p.m.)
p
F il.ioldi & Elizabethtown, 1st mortgage.
do

Date

Road. Bonds

Chrs
(

Jo

AND

giving Immediate notice of any error discovered In these Table*

confer a great favor by

Subscriber* will

For
*or

STOCKS

KAKROAD

1882. |

April,

1882.

1881.

1882.
138 -132%
13618-128

182V16738

July

175

Aug..

-

135L2-127L3

I6934-I6IL5

Sept

-

16618-162
173 -165

Oct
Nov
Dec

.......

-160

June.
171 -162%
The last annual report was published

-

-

1881.

1651e-/15i

16112-149

166x-147%

160-136 xj>
-136%
xlSQSs-lSSi^
145

in the Chronicle, V. 34, p. 433

Comparative statistics for four years are as follows:

Subscribers will couffer

a

For explanation of column
on

first page

headings, <fcc., see notes
of tables.

Miles
Date
of
of
Road. Bonds

Chicago Burlington d Quincy—( Continued)—
'ds for St. L. R. I. 1st (sink, but may be coup.
§uincy & Warsaw, & C. M. (ep.,fund $50,000) reg.),

Quincy Alton 6c St. Louis, 1st mortgage, quar
Burl.& Mo. Riv., 1st on r’d & 400.000 ae’s I’d ) Cp.
do
1st M. on br.,C.B.&Q.stk.(5th ser.) > or
do
@onv. bonds, C.B.&Q.stk.(6th ser.) ) reg.
Burl. 6c Mo. in Neb., bonds, convert, till Jan., 1882
do
consol.M.for $14,000,000, s.f. $30,000
do
Omaha 6c S.W., 1st M., guar
Burl. & Mo. bonds, s. f. for Atch. & Neb. RR. stock
Nebraska consol, mort., guar

Republican Valley RR., bonds

40

1870

270
46
281
40

1876
1876
1863
1869
1870
1873
1878
1872
1880
1877

•

•

•

191
49
.

133

•

149

Chicago Iowa d Nebraska—Stock
2d mortgage (now 1st)
3d
do
(now 2d)
Chicago Milwaukee d at. Paxil—Com. stock
Preferred st’ck (7 p. c. y’rly, not cumulative)
Consolidated mortgage (for $35,000,000)

Miles owned and leased.
Miles operated jointly..

operated

1,604

105

EQUIPMENT.
1879.

•

Par
Value.

$1,000
1,000
1,000
50
500
500
500
600

&c.
&c.
6cc.

82
82
82

•

1,729

•

•

728.000

-

.

4,495,522

1,000

2,541,000
1,095,000
3,000,000
3.000,000
767,000
250,000
5,174,176
4,000,000
(?)
654,656

•

JL875

....

100 6cc.
100

<

1,729

1,000

1880.

1881.

1,760
97

2,675

2,826

97

98

2,772

2,924

3,534.209
16,054,197
903,641

16,595,819
1,112,245

Total gross earning
.14,119,665 14,817,105
Total operat’g expens. 7,533,135 7,228,222

20,492,047
9,362,904

21,324,150
10,574,357

11,129,143

10,749,793

.

6,586,530

7,588,883

3,61(1,086

INCOME ACCOUNT.

1878.

1879.

$

$

$

Net earnings
Net B. & M. land grant.

6,586,530

7,588,883

Total income
Disbursements—
Rentals paid
Interest on debt....
Taxes
Dividends!

6,586,530

1881.
$

1880.

.

.

10,749,793

899,315

.

.

1,170,437

12,028,458
$

$

155,695

179,093
2,110,938
328,844
3,081,985

203,006
3,282,718
441,590
4,366,064

230,493
423,085
1,000,000

563,385

11,920,230
$
310,668
3,430,454
492,154
4,349,286
687,246

1,250,000

1,000,000

2,155,972

*603,437
2,212,827
Carried to, sinking fund.
223,313
.

.

.

Accounts written off
1
Transf’d to renewal f’nd 1,000,000

7,588,883

11,129,143

$

.

'

Total disbursements

6,351,244 7,354,438 10,106,763 10,269,808
235,286
234,445
1,921,695
1,650,422
*
Including $264,456 foi taxes of 1873 and 1875.
t In 1878, 8 per cent; in 18 / 9, 8 ; in 1880, 9*4; in 1881, 8.
—(V. 32,p. 15,44, 121, 231, 347, 365, 541, 544, 658; V. 33, p. 124, 201,
224, 281, 305, 328, 384, 468, 559, 589, 622, 686; V. 34, p. 19, 86, 264,
290, 315, 343. 377, 419, 433.)
Chicago d Canada South.—Doc. 31,1881, owned from Grosse Isle, Mich,
to Fayette, O., 67 miles. On Nov. 1, 1879, it was transferred to the Lake
Shore & Mich. South. It has a capital stock amounting to $2,667,400
and a bonded debt of $2,541,000, and owes upwards of $1,200,000 over¬
due coupons. Original cost, $5,176,557. It is a part of a projected line
between Chicago and Detroit River, but failed in 1873.
Chicago Cincinnati d Louisville.—Dec. 31,1880, owned from Peru,
Ind., to La Porte, Ind., 73 miles. Opened in 1858. It is a reorganiza¬
tion of the Cincinnati Peru 6c Chicago, and forms a part of the line
from Indianapolis to Michigan City. No information is furnished by the
Balance, surplus

officers.

Chicago Detroit d Canada Grand Junction.—Dec. 31, 1881, owned
from Port Huron, Mich., to Detroit June., 59 miles. Opened in 3 859.
Leased to Grand Trunk of Canada. Operations, expenses, &e., included
in lessees’ returns. Rental—interest, quarterly, $65,700, and dividends,
semi-annually, each 2 per cent, $43,800. Capital stock, $1,095,000. and
funded debt, $1,095,000.
The road is owned by the lessees, but a

separate organization is maintained in Michigan.
Chicago d Eastern Illinois—June, 1881, owned from Dolton, Ill.,
to Danville, III., 1071s miles; Covington, Ind., to Coal Creek, Ind., 9
miles; Danville to Grape Creek, 7 miles; leased, Dolton to Chicago
(C. & W. I.), 17 miles; Evansville T. Haute 6c C. RR., Terre Haute to Dan
ville, His, 55 miles; Otter Creek to Brazil, Ind., 14 miles ; Danville, Ill.,
to Covington, Ind., 13 miles.
Evansville Terre Haute & Chicago leased
May 1. 1880, for $75,000 per year. The Chicago 6c East Illinois was
chartered as Chicago Danville 6c Vincennes in 1865, and opened in 1872
and 1873. Sold under foreclosure Feb. 7, 1877, and reorganized under
existing style Sept. 1, 1877. The Louisville 6c Nashville purchased
8,000 snares of stock, as reported, and roads will be operated in har¬
mony. In March, 1882, the U. S. Supreme Court reversed the decree of
foreclosure of the Danville road. See V. 34, p. 291. Report for ten
months to June 30, 1881, in V. 33, p. 411.
(V. 32, p. 437, 500; V. 33, p.
100, 411,502; V. 34, p. 8G, 114, 175, 291, 316. 343.)
Chicago d Grand Trunk—This is the consolidation of roads between
Detroit and Chicago formed in April, 1880, under the control of the
Grand Trunk of Canada; 335 ni’les operated. It includes the former
Port Huron & Lake Michigan and the Peninsula roads, sold in foreclosure.
Stock, $6,600,000 in $100 shares. The Grand Trunk of Canada gives a
traffic guarantee of 30 per cent of gross earnings on business to and
from the Northwest Grand Trunk Road, to apply for 20 years on the
first mortgage interest and for 30 years on the Northwest Grand Trunk
interest. (V. 34, p. 86, 315.)
Chic, d Iowa- J une 30,1881, owned from Aurora, Ill., to Foreston, HI.,
80miles; leased,Flagg Centre to R ^kfoid, 24 miles; total operated, 104
miles. C lirtered in 1869 and opened in 1872. In hands of a Receiver for
two years and a-half, and sold Mar. 9, 1878, in foreclosure of second mort¬
gage of $1,150,000, but the sale and all foreclosure proceedings were
canceled and overdue coupons were paid.
Gross earnings for year




.

J. & J.
8
A. & 0.
5
F. & A.
5
A & O
7
J. & J.
8
J. & J.
8
J. & J.
8
6
J. 6c J.
J. 6c D.
8
4
A. 6c 0.
A. 6c O.
7
J. & J.
6
M. 6c S.
7
7
J. & J.
J. & J.
7
6
A. <fc O.
7 g. A. 6c O.
6
J. & J.
3
M. 6c S.
6
J. & D.
7
Dec.
6
6 g. J. & J.
7
i
Sept.
5
6
J. & J.
8
J. & J.
8
J. & J.
J. & J.
4
J. & J.
5
7
F. 6c A.
A. & O.
3*2
A. & O.
3^
7
J. & J.

3,347,000
571,000
939,000
1,125,000
600,000

1877
1877
1881
3,000
1880 £100 Are
500
1880
1881
1880
500 &c.
1870
1,000
1871'
1,000
100
1860
100 6cc.
1863
500 &c.
100
100

66
80

Payable

11,441.200

1,000
1,000

100
100
100 Sec.
100 &c.

330
330

Cent.

840,000
4,189,550
76,000
169,500
43,000

1,000

1859

.

When

2,325,000

&c.

1,857

.

TVol. XXXIV

Rate per

$ 720,000

&c.

$ '
2,439,180 2,566,652
11,152,179 11,650,623
528,306
599,831

1,709
$

Earnings—
'
Passenger
Freight
Mail, express, &c

Outstanding

59

80

mortgage

•

Amount

<57

274

14

Northwest. Grand Trunk, 1st mort
Chicago d Iowa—1st mort., coup., may be reg

•

or

100 &c.

Extension, 1st mortgage

Chicago d Grand Trunk—1st mortgage, $ and &
2d mortgage, income
2d mortgage for $6,000,000

1878.

BONDS.

INTEREST OR DIVIDENDS.

Size,

1878
1880
1877
1877
1872

123
123

M.,coup. <8. f. $20,000 after ’85)
2d mortgage income (non-cumulative)
1st

Total

•

....

Atchison & Nebraska. 1st mortgage
Lincoln & Northwestern RR. bontls
Kansas City St. Jo. 6c 0. Bl., mortgage
do
do
income bonds, reg...
Chicago d Canada Southern—1st raort., gold
Chic. Detroit d Canada Or. Trunk Junction— 1st M.
Chic. d East. III.—Stock

ROAD AND

AJSTD

great ATor by giving Immediate notice of any error discovered in tbese Tables,

DESCRIPTION.

2d

STOCKS

RAILROAD

XXII

2,488.174

....

600,000
1,150,000

3,916,200
220,000
211,500

20,404,261
14,401,483
10,133,000

Bonus—Ptincf.
pal,When hue

Where Payable- and by

Stocks—Last

Whom.

Dividend.

N.Y., N. Bk.of Comm’rce

July, 1890

Boston.

Oct. 1, 1901
Feb. l, i89e
Oct. 1, 1893

N. Y.,Farmers’ L.& T.Co.
Boston and New York.

Boston, 49 Sears’ Bldg. Ju y 1, 1894
do
do
July 1, 1889
Boston, Office.
Jan- 1. 1883
do
July 1, 1918
do
June 1, 1896
Boston, N. E. Trust Co. Jan. 1, 1910
Boston, Office.
Oct. 1, 1896
Bost., 49 Sear’s Build’g. July, 1918-19
Boston, at Office.
Mar. 1, 1908
Boston.
Jan. 1, 1910
Boston and New York.
Jan. 1, 1907
Boston, at Office.
Jan. 1, 1907
N. Y., Union Trust Co.
April 1, 1902
London, England.
July 1, 1884
New York.

New

Mar. 1,

1882

York, 4th Nat. Bk. Dec. 1, 1907
do
do
Bec„ 1907

do
do
New York and London.

N.Y., E.P.Beach.B’way.

Bee. 1, 1931
Jan. 1, 1900
July 1, 1930

N.Y., E.P.Beach.B’way. Jan. 1, 1910
New York and Boston.
do
do

Jan.

1, 1900

Aug. 1, 1901

Boston, by Treasurer.
Jan. 2, 1882
Boston, Merchants’ B’k. J.&J. ,1881-83
N. Y., Nat. Park Bank. Aug.
15,1892
New York, Office.
April 15,1882
do
do
April 15,1882
do
do
July 1, 1905

ending May 31,1881, were $650,000 and net carnincrs $350,000. Cap¬
ital stock, $1,328,000, and funded debt, $1,750,000; total stock and
bonds, $3,078,000. Cost of road and equipment, $3,158,000. This road
is used by the Chic. Burl. & Quincy to connect with the Ill. Cent., and in
Feb., 1882, passed into control of Chic. Bui*. & Q. (V. 33. p. 99 124 *
321; V- 34, p. 264, 343.)
* ’
’

Chicago Iowa d Neb.—July 1,1881, owned from Clinton, la., to Cedar
Chartered in 1853 and opened in 1858.
Bridge over Mississippi opened in 1856. Leased to Galena 6c Chic. Un. at
37*2 per cent of gross earnings, and now operated by Chic & Northw.; the

Rapids, la. (all steel), 82 miles.

maximum rental by subsequent agreement not to exceed $500,000 a
year. Interest liability, $47,383, and dividends (10 per cent), $391,620;
total fixed charges, $439,003 a year.

Chiccgo Milwaukee d St. Paul.—Dec. 31, 1880; the following was
official!.'' reported as the mileage owned and operated Chicago to Mil¬

waukee,*" 5 miles; Milwaukee to La Crosse, 196 miles; La Crosse to St.
Paul, 13C niles; Milwaukee to Prairie du Chien, 194 miles ; Milton to
Monroe, 4 J miles ; North McGregor to St. Paul, 212 miles ; Conover to
Decorah, 9 miles; Mendota to Minneapolis, 9 miles; Calmar to Marion
Junction, 287 miles ; Austin to Mason City, 39 miles ; Hastings to Ortonville, 202 miles ; Davenport to near Fort Atkinson, 153 miles ; Watertown to Madison, 37 miles; Milwaukee to Portage, 98 miles; Mad¬
ison to Portage, 39 miles, Sparta to Melvina, 12 miles; Lisbon to Neeedah,
13 miles; Wabasha to Zumbrota, 59 miles; Horicon to Berlin and Winneconne, 57 miles; Ripon to Oshkosh, 20 miles; Sabula to Cedar Rapids,
92 miles; Paralta to Farley, 44 miles; Racine to Rock Island, 197 miles;
Eagle to Elkhora, 17 miles, and Eldridge to Maquoketa. 32 miles; Glen¬
coe to Ortonville and beyond, 206 mues :
.
j Crosse to Madison, 375
miles; La Crescent to near Sabula, la., with branches, 324 miles;
Tomah to Jenny, 109 miles; Mineral Point to Warren, and branch, 51
miles; Chicago to Lanark Junction, 115 miles; Sioux City to Yankton,
with branch, 131 miles; Minneapolis to Burton, 28 miles; from Bridgewater west, 80 miles; and small branches, amounting in all to 100
miles; total operated, 3,775 miles.
The Milwaukee St, St. Paul Railroad

Company

was

organized May

5, 1863, and embraced a number of other companies, including the
Milwaukee & Mississippi, the Prairie dii Chien, the Lacrosse <fc Mil¬
waukee, and of/io-s.
The Milwaukee & St. Paul afterward pur¬
chased the St. Paul & Chicago Road and others, and built the line
from Milwaukee to Chicago, and on February 11, 1874, the company
took its present name.
In February, 1880, the Hastings & Dakota
Railroad was purchased, and in March and April the Chicago & Pacific
and the Sioux City & Dakota. The Western Union Railroad was leased
in 1879 for 999 years, and the bonds were to be retired by the issue of
the Chic. Mil. 6c St. Paul bonds secured by mort. on that road.
Of the
consol, mort. bonds of 1875, enough are reserved to take up the prior
bonds, and any of the holders of those bonds (except the Iowa & Dakota
division) may exchange them for the consol, bonds. The latter had a
sinking fund of 1 per cent per annum, but holders may have their bonds
stamped and discharged from the operation of the sinking fund. The

Southern Minnesota bonds

were all to be exch
anged for the bonds
company secured on that line (see V. 30, p. 433), and the condition
those bonds before consolidation maybe se n in the Supplement

of this
of

1881.
The preference of the preferred stock is a prior right to a non-cum’olative dividend of not exceeding 7 per cent from net earnings (except that

$250,000 above interest on bonds may be reserved as a working capital,
before payment of the dividend.) After payment of 7 on preferred and
7 on common, both classes share pro rata. Prices of stock of the Chicago
/

,

January....
February...

110V10442

12414-10914

1 lOis-10614

March

II8I4-IO 8

II712-IOII2
11418-106
11334-108
129 -1125s
12914-120
12830-10712
H6I4-HOI8

April
May
June

-

...

July
August

September

-

Preferred.

,

12238-lllisxp

-

.

12612-117
-120%

12278-120
126

>

1881.
132 -122

1882.
123 -11914

-H9I3

126

-

12612-119%
140 -125%
13534-132

13814-128-

-

133i8-129ia

-

133%-24%xp.

October
II214-IO6
12412-116%
November..
110V10558
12514-119%
December
10878*102i4
121 -117
An abstract of the-last annual report (for 1880) was published in the
Chronicle, V. 32, p. 466.
The following table shows the operations
earnings, capital account, &c., for four years :
1877.
1879.
18861878.
-

-

-

Miles operated

1,412

1,512

OPERATIONS AND FISCAL RESULTS.

2,359

3,775
„

Passenger mileage... 55,925,449 65,498,189 78,119,592111,561,919
mile
3-21 cts.
3'09 cts.
2-93 cts.
2'84ct«.
Freight (tons) mil’ge.271,598,133 321,818,902 401,595,734 504,876,154
Av. rate p. ton p. mile
1*80 cts.
2*08 cts.
1*72 cts.
1*76 cts
Rate per pass. p.

.

/
J

of ‘

April 24, 1880. In June, 1881. stockholders authorized the issue of}
$5,000,000 new common stock, which was allotted to common and pro .
ferred stockholders of record on Sept. 20 at par, to be issued Oct. l,

Milwaukee & St. Paul have been:
Common.
1882.
1881

■„

April,

1882.J

Snbwriber>

will confer a

description.

i^T^Umatioii of column headings,
* or 6 1
on first page of tables.
Chicago

Princi¬
great favor by giving Immediate notice of any error discovered In these Tables. BBHCEDue.INTEREST OR DIVIDENDS.
pal,When

&o.:

see

Size, or
Date
Miles
Par
of
of
Road. Bonds Value.
•

notes

Uiluiaulc^ SI. Pa«J-(ContiHued)

(Laoiosse Div.)
1st mortgage (Iowa & Minn.)......
i st mortgage (Minnesota Central).

370
370
220
49

mortgage

1st

Iowa &

iHtlmortgage

Coup., but

Dakota)....

may

ls?M Iag&Wk.Ext.($15,000 p.m.)
(Prairie du Chien)...
^Sod!a| PraWe-duChien,...

>

mortgage

be

registered
by end’rse

•

meut.

...
Union RR
St Chic. A Pac. Div., Clue, to Miss. Riv..
1st Sort, on So. Minnesota Div. ($9,000,000) ....
Land grant income bonds
lrt inert, on Hastings A Dakota Div
1st inort. on Chic. Clinton Dubuque & Minn
1st old inert.
do
J*0
1st niort. on Wisconsin Valley RR
inert, Oil
on

S. W.

1867
1864
1869
1878

1868'1868

Div. Western

540

1872

158
300
223
107
107
130
440
47

1877.

1880

Total gross

8,114,894
4,540,433

earn’gs...

Total operating, exp.

Net earnings
P.c. of op.ex. to eartgs

3,659,454

56-00

INCOME

1877.

Receipts—
Balance January
Net earnings
Othet

$

1...

1,433,645
3,574,461

5,008,106
$

Total income

Disbursements—
Interest on debt

2,162,159

4,034
429,607

Miscellaneous
Divs. on pref.
Divs. on com.

stuck *.
stock

53,000
2,359,306

Sinking fund
Balance, surplus

m

m

J.

500

1,000
1,000

1,000
1,000
1,000

500 Ac.
500 Ac.

1880.

4,539,025

5,343,694

as

J.
J.

2,359,306
3,659,454

4,539,024

6,032,190
$
2,135,730
32,040
1,289,346
55,000

3,531,538
5,343,694

74,517

324,298

7,133,615

9,199,530

1%
7

7
7
7
7

said first party

The

Common.

January
February
March

Aug. 1, 1885
Nov. 1, 1883

Aug. 1, 1885
Aug. 1, 1885Aug. l,s 1885

be built, or in

-139

12512-119

145

June

1247q-1 19%
135 -124%
13230X12438

-

859,564

October
November

-

December

-

81,000

4,343,283

-

-

-1311s
-1313i
-131ia
-137ia
-137ia
-136

-135%
-135ia

13618-131 ia

-

144

13038-12334

-

130*4x123

-

145
138
137
146
144
145
140
140

-

1275g-122
127%-122%
126i4-12078

'

147is-13978

-

13178-121

-

859.564

Preferred.1881.

1882.

141i2-136ia
145 -139
142V13738

134*4-117

-

11,078,298

/-

.

lSl^-l^l

136 -12838

April

$

70,000

Feb. 1, 1894
June 1, 1908
Dec. 28, 1881Mar. 28,1882-

has prior right to 7
preferred has a further prior
classes share.

1881.
136 -12314

1882.

May

3,531,538

1, 1921
Oct., 1883

and benefit of said first party,,
mile of road so built or ac¬

been as follows:

prices of stock have

2,837,385

385,106

1910
Jan.

only for railroads to

shall determine,

2,287,407

$

1, 1910
July 1, 1920
Feb. 1, 1884
July 1, 1920
Jan. 1, 1909=

do
do
do

F. A

July
August
September

-

1890
Jan.

quired and ready for operation. Preferred stock
per cent then ; common entitled to 7; then
right to 3 per cent; then common to 3 ; then both

$

13,430

J.
A.
J.
J.
J.
J.
O.
A.

July 1, 1909
Jan. 1, 19ia
Jail. 1. 1910

J. A
Boston.
J. A
New York, Office.
J. A
da
do
J. A
do
do
A. A
N. Y., Nat. Park Bank.
F. A
do
do
J. A D.
r. A D. New York, Co/s Office.
do
do
Q —M.
do
do
F. A A.
do
do
M. & N.
do
do
F. A A.
do
do
F. A A.
do
do
F. A A.

7
5
5 g.
7
7 g.
7
3

1880.

$
2,520,074

do
do
do
do
do

other manner acquired for the sole use
and not to exceed iu amount $15,000 per

59-20

1879.

do

A J.
A J.

1903
1919

6

,

$

1898
1891
Jan., 1902
1902

7

971,400
676,300
3,440,300
116,000
180,000

too Ac.

J.

7
6

15,115.100
22,208,300

100
100
100 Ac.
100 &c.

1898

do
do
do
do
do
do
do

do
do
do
do

A J.
A J.
J. A J.
J. A J.

A

July 1, 1908

do
do
J. London and New York.
New York, Office.
J.

A.
J.

7

400,000
1,700,000
1,103,965
2,600,000
10,300,000
780,000
600,000
300,000

i07

J.

6

5,291,000
6,000,000

1,000
1,000

*

6
6

373,000

m

7,742,425

ACCOUNT.
1878.

receipts

1862

54-70

A

J.
J.

4,000,000
3,000,000
7,000,000

1,001
1,000

5,473,794

5670

121,000
2,500,000

1,000

10,012*819 13,086,119

8,451,767
4,792,313

3,574,461

1859
1862
1859

1879.

1878.

J.

5

4,000,000

2,500,000

1879
1880
1880

1880
1879
1880
1879
1880
1881
1863
61*2 1874
1878
53

.

F.
J.
J.
J.

J.

1884
1897
1894
1899

do
do
do
do
do
do
do
do

do

nF.

7

215,000

1879

v
dp.
.
Mineral Point Division
ChitT& Pact West. Div., M., gold, $20,000 p. mile
do Dubuque Southwestern, 1st inert
do *S. City A Dak., Dak. So., 1st M., coup., 8. f.
do
do
Sioux City A Pembina, 1st mort. 2,154
Chicago <£ Northwestern—Common stock
2,154
193
Preferred st’ek (7 p. c. y’rly, not cumulative). . .
193
Bonds, pref. (sink’g fund), 1st mort., Cine, to Osli.
193
Interest bonds, funded coup., 2d m., Chic, to Osh.
23
1st mort, general, 3d mort., Chic, to Oshkosh....
26
Appleton extern, 1st mort. on 23 miles and land..
Green Bay extern, 1st mort. oil 26 miles and laud
,

.

A.

J.

7‘3

1,315,000

1,000

J.
J.

7

5,038,000
3,674,000

A
A
A
A
A
A
A
A
A

1893

Office.

do
do
do
do

7 g.
7

183,000
582,000

.

New York
do

A. & O.

J.
J.
J.

Stocks—Last
Dividend.

Payable, and by
Whom.

& J.

J.

7
7
7
7
7
8

3,681,000

.

Where

When

Payable

7

387,000

1,000

1872
1873

m

,

Prior inert.
1st, mortgage,

1,000
1,000
1,000
1,000
1,000

Rate per
Cent.

$6,500,000

1,000

1861

w„

iof

1864

130
75
85
160
212

Amount

Outstanding

$1,000
1,000
1,000

1863

335
235
235

KtiSasswi
IIIrc&“i« A Northwest RR
• • •
for Davenport

Bonds

xxin

BONDS.

S OCRS AND

RAILROAD

-

-13514

14314-136

Commissioners’

The company has a land grant and the summary of the
report showed that in 1880-81 192,217 acres and
were
of for $646,907, the average price of each acre sold being
lands on hand May 31/81, not deeded or contracted were

750 lots
disposed
$3 07. The
5.008.106 6,032,190 7,133,615 9,199.530
Total
2,050,917 acres
The Laud Commissioner’s report gave the
quantity of lands
portion of these dividends on preferred stock was stated as payable
out of the earnings of the previous year as follows:
In 1877, $429,607 ; sold from various grants was as follows: From the Minnesota
in 1878. $859,564: iu 1879, $429,781; and in 1880, $429 781.
grant, 116,555 acres; from the Michigan grant, 51,598 acres; from
the Wisconsin grant, 6,533 acres; and from the Menominee River
t$908/J31 paid out >.' o tc n i gs of 1879.
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
grant, 17,529 acres; total sales, 192,217 acres.
There were also
1880.
sold 750*2 lots from the grants and lands that were platted and laid out
1877.
1878.
1879.
$
for town sites at different points along the new lines of road.
The total
Assets$
$
$
99,185,683 consideration received in cash and contract obligations for lands and
Railroad,equipm’t,Ac 56,886,833 59,001,257 63,399,448
2,163,567 lots sold amounted to $646,907. The number of acres actually deeded
Stocks owned, cost...
1,515,750 ) 0 anq non
noo
and
Bonds owned, cost...
353,171 5
/,id3,u-s» 783,992 during the year was 114,539; was the number of acres at the end of the
year contracted to be sold
284,116. The moneys received from
BillsAaco’tsrec’vable
161,653
185,610
483,604
564,715 cash sales and advanoe payments amounted to $368,369; from instal¬
Materials, fuel, Ac.
199,186
385,971
133,127
382,951 ment payments on time sales, $148,638 ; from accrued interest on con¬
Cashonhand
1,181,047
976,160
801,694
tracts, $36,678; and from miscellaneous collections, trespass, stumpage
Daven. A N’west RR
1,750,000
232,736
timber lands, Ac., $7,308; total receipts, $560,994.
Miscellaneous items..
264,565
318,660
112,329
1881. not
TABLE OF LAND GRANT LANDS FOR YEAR ENDING MAY 31, A
Acres
Acres
103,313,644
*

2,520,074

A

..

on

Total
Liabilities—

60,562,205

Stock, common
Stock, preferred

15,404,261
12,279,483
29,954,500

$

Bonds
All other dues A acc’ts
Income account

200,099

2,359,306

364,556

Unpaid pay-rolls, Ac.

63,083.910 74,066,074
$

$’

15,404,261
12,279,483

32,088,500
305,877

2,520,074
484,715

ores

$

15,404,261
12,279,483 12,401,483
41,349,500 67,172,000
789.927
2,067,165
4,343,283
3,531,538
1,048,541
711,365

15,404,261

873,911

Advances

103,313.644
-(V. 32, p. 155, 183, 205, 288, 367, 438, 456, 466, 569, 635; V. 33, p,
254, 411, 441, 519, 559, 580, 589, 641, 687, 736; V. 34, p. 114, 292, 315,
Total liabilities...

60,562,205

63,083,910 74,066,074

367,408,460.)

acquired

Acres

unconveyed
Name of
Land grant. May 31/80.
Minnesota. ...1,122,305

during

during

year.

year.

267,096

59,710
32,400
9,077

33,491

13,349

583,186

Michigan
Wisconsin
Men. Riv. RR.

351,402

92,090

deeded

ern

contract.

232,136
46,226
1,454
4,299

1,097,553
504,559
340,879
107,932

2,148.984
300,588
114,539
234,116 2.050.917
of the last annual report, in the Chronicle, V. 33, j>.
showed the following earnings, expenses, &c., for the whole line,
ing proprietary roads:
Total

19SL
includ¬

An abstract

.

operations and fiscal

results.

gan

Operations—

branches, 662 miles; Iowa Midland Railway, 71 miles; Northwest¬
miles; Toledo & Northwestern, 83 miles; Sheboy¬
& Western Division, 78 miles; Milwaukee & Madison Division, 92

Union Railway, 63

Freight
Mail, express, Ac....

Peninsula RR. of Mich.
was also consolidated.

Lacrosse Tremp.

& Prescott RR.

traffic, earnings, &c., is best
Quarterly dividends were com¬
menced on the preferred stock in February, 1879. The sinking fund
Donds of 1879 are secured by a deposit of mortgage bonds, on the new
roads acquired at the rate of $15,000 per mile, and the terms under
fV+iTthat
The deed sets
lorth .these are issued were published in V. 29, p. 277.
this company issues its sinking fund bonds, to run 50 years
irom the 1st day of October, 1879, interest not exceeding 6 per cent,
o+w^moirut8 not exceeding $15,00o per mile of railroad actually conru^10of enabling it to$2,400,000 of severalare to be issued for the purwinch, contracts with the several
poee # or ^Qhired;
execute its
railway companies mentioned in the deed, being at the rate of $15,000
^ .e railroads to be so added to its general system; and the
residue of said
The progress of

shown in the

14,580,921
7,349,653

17,349,349
8,049,358

19,334,072
9,979,619




earn’gs. 14,751,063

Operating expenses..
Taxes

Total

7,260,119
360,827

357,996

7,620,946
7,130,117

7,707,649
6,873,272

1877-8.

P.c.of op.exp. to earn.

Receipts—

52-86
ACCOUNT.
1878-9.

$

$

51*66

INCOME

6,894,283

382,241

53-92

1879 80.

1880-81.

$

8,917,750

Rentals paid
Interest on debt
Dividends
Sinking funds

1,213,219
3,339,195
1,956,034
113,120

2,105,868

2,405,521

98,120

98,120
9,442

6,621,663

6,691,513

7,243,101

508,454

202,770

Miscellaneous
Total disb’rsem’ts -

$

$

1,225,732
3,261,793

95

446,202

48-59

7,130,117

earnings
Disbursements—

761,791

8,431,599 10,425,821
8,908,251
8,917,750

Net

Balance, surplus.....

$

4,158,130

14,414,151

the company in mileage,

be issued from time to time,

$
3,737,343

12,897,778
7L4,228

comparative tables below.

$15,000,000 of bonds may

1880-1.
4,482,317
164,333,508
2*53 eta.
6,662,112
980,522,774
1*47 cts.

3,366,679 3,240,696
10,754,168 10,637,368
630,216
702,857

Net earnings

In 1878 the

Total gross

$

$

Darnings—
Passenger

miles; total pro¬
& Northwestern
Tbe Chicago St Paul A Fond-du-Lac Railroad, which was a consoli¬
dation of several roads, was sold in foreclosure June 2, 1859, and the
Chicago & Northwestern Railway was organized as its successor with a
mileage then of 193 miles, not all complete.
In 1864 the company
absorbed the Dixon Rock. A Kenosha, the Gal. & Chic. Union and the

miles; Iowa Railway Coal & Manufacturing Co., 3
prietary roads, 1,051 miles. Total miles of Chicago
and proprietary roads, May 31, 1881, 2,778 miles.

or

contracted
to be sold.

1877-8.
1878-9.
1879-80.
\ Chicago & Northwestern— At the end of the fiscal year, May 31, 1881,
Passengers carried...
3,416,413 3,328,427 3,964,798
the mileage was made up in the annual report as follows: Wisconsin Passenger mileage...118,877,406 116,063,482 140,116,884
Division, 329 miles; Galena Division, 313 miles; Iowa Division, 496 Rate per pass. p. mile
2-83 cts.
2*67 etc.
2-79 cts.
miles; Madison Division and Extension, 227 miles; Peninsula Division, Freight (tons) moved
3.911,261 4,265,937 5,574,635
274 miles; Milwaukee Division, 85 miles; total Chicago & Northwestern Freight (tons) mil’ge.623,768,593 681,878,311 865,909,542
Railway, 1,725 miles. Proprietary roads: Winona & St. Peter Railroad Av. rate p. ton p. mile
1*49 cts.
1*72 cts.
1-56 cts.
and

deeded

Acres
under

$

1,408,003
3,322,015

$

8,908,251
$

1,384,732
3,647,897
2,420,273
98,120

7,551,022
1.674,649 1,357,229

‘

r

RAILROAD

XXIV

Subscribers will confer

a

STOCKS

AND

BONDS.

great favor by giving immediate notice of
any error discovered in these

DESCRIPTION.
For

explanation of column headings, Ac.,
on first page of tables.

Miles
see notes

Date

of
Road.

Bonds

Chicago d Northwestern—(Continued'—
Mississippi River Bridge b’ds, lien on net earnings
1st mort. (Peninsular RR.) on roads and lands...
1st mortgage (Beloit A Madison Railroad)
Consol, sink’g f’d Mortg
Madison extension, 1st mort.,
sinking fund, gold.
Chicago A Milwaukee, 1st mortgage, 2d lien

.[

of

Par
Value.

1863
1865
1871

1,000
....

1871
1872
1870-1
1870-1
1871
1870

1872
1878
.1878
1878

500 Ac.
500 Ac.

1,000
1,000

100 Ac.

1,000

500 Ac.
....

....

100

1877

1869

185
507

507
All.

100 Ac.

1856
1860
1854
1865
1877
1877
1881

185

1,000Ac

1,000
1,000

I

....

1880

1

100
100
1.000

Bonds owned
Bills and accounts receivable

.

Materials, fuel, Ac
hand

$12-2,431,583
200,000
303,809
1,233,235
1,125,779
1.255,098
1,117,000

Total

$129,704,309

Liabilities.
Stock, common (less amount held by company)
Stock, preferred (less amount held by company)
Stocks of proprietary roads, Ac
Bonds, including live bonds in sinking fund
Bonds purchased
Dividends declared, not yet due

,

..

...

Including $500,000 to be issued for

For tho

seven

$129,704,369
La C.

Tremp. A P. stock.

months from June 1 to Dec.
31,1881, an article in the
p. 158, gave the following:
-1881.-1880.Gross.
Nct.
Gross.
Net.

Chronicle, V. 34,
June

July
August
September
October
November
December

....

$2,306,440
1,983,031
2,315,164
2.292,676
2,341,097
2,019,037
1,855,476

$1,159,853
980,632
1,149,733
1,319,776
1,293,142
1,123,256

921,064

$1,671,177
1,699,685
1,767,988
2,020,244
2,105,216
1,855,621

1,477,902

$740,262
832,734
881,460
1,171,492
1,254,622
1,028,660
650,951

Total

$15,112,925
$7,947,459
$12,597,786
$6,560,184
—(V. 32, p. 233, 611, 636; V. 33, p. 199, 322, 404, 467,
559, 580, 587,
736; V. 34, p. 158, 176, 367.)
Chicago Pekin d Southwestern.—July 1,1880, operated from Pekin, Ill.
t-o Mazon Bridge, Ill.. 94 miles, of which 6 miles
leased. Chartered in
1859 and opened in 1876.
Receiver appointed in June, 1877. Sold
under foreclosure of second mortgage
May 31.1881, and to bej-eorganized. For 21 months ending May 31,1881,
gross earnings were $654,098; net, $193,340. In February, 1882, A, H. Crocker was
appointed
Receiver. (V. 32, p. 312, 526, S12, 658, 685; V.
33, p. 124,328,587;
V. 34. p. 264.)

1,353

1 J.

A I).

Mileage.
00,634,585
62,098,473
02,811,574
82,610,900
93,769,305

Sinking fund

1,117,000
482,766
2,529,390
272,232
530,000
075,430
310,370
7,533,987

1,348

Q.-j.

Passenger

Disbursements—
Rentals paid
Interest on debt
Taxes
Dividends

Legal

expenses

Miscellaneous
Add. and imp. ace’t.

03,780

Total
*

$15,093,488
*21,050,783
21,244,030
831.481

estate, mortgages, Ac

1,003
1,231

6

Total income

57,000,000
303,000

Sinking funds paid

15,1951

8,764,000

707

Sept.'I,’1905

N. Y.. 52

1
Broadway.

Ton

Balance, surplus....
Total

|

June 1. 1930

Gross

Mileage.
337,135,683
370,430,382
510,859,804
686,458,954
746,573,664

Net

Dir

Earnings.
Earnings, p.ct
$6,917,657 $3,319,364 8
7,895,870
9,109,833

11,061,662

11,956,907

Income and disbursements for four years were

1,‘ >77,805

Trustees’ sinking fund

10,421,000
17,205,833
9,848,333

1870-7..

£<>v.

j

180,000

Miles.

?ePt.

*yuv

12,500,000
5,000,000

Years.

1880’81

Dividend.

..

335,500
1,332,500
1,400,000

....

Stocks-Last'

»

2,848,000
1.483,000

500 Ac.
100 Ac.
1,000
1,000
1,000

and bv

gept.

41.960,000

1,000
1,000
1,000

....

224

Real estate in Chicago
Dee Moines & Minn. Railroad account

3,500,000
150,000
200,000

1,528.090
1,600,000
9,845,000
1,00Q,000
(0

....

1880
1879
1871
1881

Whom.

7
7
7
7
7
7
7
7
7
7
7
7
8
7
7

'

12,343,000
2,547,000
1,610,000
4,255,000
1,350,000

1,000

....

80

560,000
2,700,000

100,000

....

Payable,

J. A J. New York, Co.’s
Ofiico.
M. A S.
do
do
J. A J.
do
1, 1898
do
h 1888
do
Q.-F.
do
Deb. 1, 1915
do
g. A. A O.
do
April 1, 1911
J. A J.
do
do
Ju y 1.
J. A J.
1898
do
do
1, 1906
do
g. J. A D.
do
Juue 1, 1911
do
g. J. A D.
do
Dec. 1, 1902
J. A J.
do
do
1, 1887
M. A N.
do
do
1, 1907
do
g. J. A D.
do
Dec. 1, 1916
A. A Q.
do
do
Oet. 1. 1900
do
g. M. A S.
do
June 1, 1917
A. A O.
do
do
Det. 1, 1908
7
M. A S.
do
do
7
M. A S.
1, 1908
do
do
Sept. 1. 1908
6
do
do
6
M. A S.
do
do
5 A 6
A. A O.
do
do
Oct. 1, 1929
7
F. A A. N. Y., Farm. L. A T. Co
Aug. 1, 1901
6 g. J. A J.
New York.
Juu. 1, 1921
134 1 Q.-F. New York, Co.’s Office.
6
1, 18S2
do
j J. A J.
do
July 1, 1917
7
M. A N.
do
do
Nov., 1899
8
! J. A J.
N. Y., 214 Broad wav.
July 1, 1886
8
do
do
I A. A O.
Oct. 1, 1890
4
? M. A
N.
do
do
1881 or before
8
F. A A.
do
do
1S80 or before
7
do
! M. A N.
do
N'W. 1, 1897
•0
J. A D.j
do
do
Dee. 1, 1907
5 g.
I. A I).1
do
do
June

5,222,000
3,150,000
1,700,000

500 Ac.

....

A.sscis*

Current hills, pav-rolls, Ac
Uncollected coupons, old dividends, Ac
Accrued rentals of leased roads in Iowa, not
yet due
General consolidated bonds unsold
Accrued interest, not yet due
Miscellaneous
Balance inoomo account

187-90.

261,000
246,000

Tables.

DIVIDENDS.

Rate per When Where
Cent.
Payable

$153,000

1876

Railroad, buildings, equipment, Ac

Real

Amount

Outstanding

1,000
1,000
1,000

OENEllAL BALANCE AT CLOSE OF FISCAL YEAIt.

on

INTEREST OR

or

$1,000

Sinking fund bonds ($15,000 per mile)
Chicago Pekin d Southwestern—1st mortgage
"DO
-Chic.Portaged Superior—1st mort., gold
Chicago ltock Islandd Pac.— St’ek (for $50,000,000) 1,348
1st mortgage, coup, or reg
030
Chic. A Southw., IstM.g. (g’d in cur.
by C.R.I.&P.)
271
Chic. St. Louisd N. O.—1st M. (N. O. J.A G.
200
N.)....
2d

mortgage, (N. O. J. A G. N.)
1st mortgage, (Miss. Central) ($100,000
disputed),1
2d mortgage,
do
($500,000 disputed)!
Chic. St. Louis A N. O. 1st mort
I
do
do
2d mort
j
do
do
cons.M., gld.(for $18,000,000)1
■Chic. St. Paul Min'polls d Omaha—Common stock..!
Preferred stock
J
Consol, mortgage (for $150,000,000)
1

Size,

1863

Menominee River, 1st mort., guar
Menominee extension, 1st mortgage, gold
Gen. cons mort., gold,
coup, orreg. ($48,000,000)
Winona & St. Peter, 1st mort., guar by Cliic.ANW.
do
2d mort., guar, by Chic. A N.W.
do
1st M. extern, gld, land gr., s. f..
Iowa Midland, 1st mort., guar, by Chic. & N. W..
Northwestern Union, 1st mortgage,
gold
Minnesota Valley, 1st mortgage
Rochester & No. Minnesota, 1st mortgage
Plain View Railroad, 1st mortgage.
Chicago A Tomali, 1st mort., guar
Milwaukee & Madison. 1st mort., guar

Cash

VOL. XXXIV.

as

3,511,356
4,329,960

5,265,116

8
8
8

5,326,752 714

follows

:

INCOME ACCOUNT.

1S77-8.

1378-9.

$
3,793,584
$
125,000
1,002,325

$
5,588,058
$
125,000
1,008,580
218,155

247.400

1379-S0.
•$

5,945,388
$

135,037
1,078,110
295,841

1830-81.
$

6,177,901
$
322,137
949,700
288,873

1,678,384
40,000
34,827
*
557,148

1,993,085

2,097,983

2,727,387

41,117

31,426

35,000

108,500

2,202,121

3,793,534

J 5,588,058

2,285,000

2,303,986 df. f430,196

5,954,383

6,177,901

*

Represents Pacific Hotel stock and bonds and $42,777
connecting
railroad and other bonds,.previously given in
capital account, and dis¬
appears from both accounts in following year.
t The deficit in balance is on year’s
operations; there is a nominal
surplus from prior accumulated income of $238,202, against a
surplus
March 31, 1880, of $8,571,433, the amount
being reduced by trans¬
ferring to capital account $7,903,038.
t In the report Iowa Southern A Mo. Northern stock, held in trust—
$4,230,696; but is not included here.
The last annual report, in the
Chronicle, V. 32, p. 684, had the follow¬
ing as to the land grant: “ For the fiscal year ended March 31, 1881,
the conveyances and contracts to
convey lands acquired uuder the land
grant acts of the United States amounted to 94,452 acres, for a total
consideration of $781,261. Of the above, 595 acres were
merely quit¬
claimed, there being opposing titles uuder the swamp land grant, for
which $744 was received. The regular
sales thus were 93,857 acres, for
$780,517; the average price per acre being nearly $8 314."
*
*
*
The amount received for interest
during the year was $91,451. Tha
bills receivable amounted on 31st of
March, 1881, to $1,535,621, an
increase during the year of $331,995. There remained unsold on
April
1, 1881, of the lands certified, 125,145 acres.”
(V. 32, p. 44, 265, 367,
437, 551, 577, 684 ; Y. 33, p. 13, 357.)
“

Chicago St. Louis d New Orleans.— Dec. 31. 1881, owned from New
Orleans, La., to Cairo, Ill., 549 miles; branch: Kosciusko Junction, Miss.,

to

Kosciusko, Miss., 18 miles; leased, 5miles; total operated, 572 miles—
549 miles steel rails. This company was formed Nov.
8,1877, by the
consolidation of the New Orleans Jackson A Great Northern and the
Central Mississippi. The N. O. J. A G. N. road had been sold in fore¬
closure March 17,1877, and the
Mississippi Central was sold August 23,
1877. This company was controlled by the Illinois
Central, which holds
$6,670,000 of the stock, and in Feb., 1882, a lease for four hun¬
dred years was arranged to the Illinois Central, with
000. In January, 1882, a control of the stock was sold to
a guarantee 9! 4
Chicago St. per cent per annum on the stock and interest on the debt.
Paul & Minneapolis or
Chicago Rock Island A Pacific parties, but this The stock is $10,000,000.
Of the first mortgage bonds,
was contested.
See references. Wm.II.
Schofield, President, New York. 000 are a prior lien on that portion of the road in Tennessee $541,The
—(V. 32, p. 636; V. 33, p. 467; V. 34, p, 114, 145, 203.)
Chicago St. Louis A New Orleans 2d mortgage bonds are incomes until
December, 1882: from then they begin to draw interest at 6 per oent.
Chicago Pock Island d Pacific—This was a consolidation June
4,
1880, with $50,000,000 stock authorized, and a scrip dividend of 100 Of the Mississippi Ceil, bonds $600,000 are claimed to have been paid
per cent to the holders of Chic. R. I. A P. sfock Mar. 31, 1881. The lines and are disputed by the present company. The consol. 5 per cent mort¬
were j
gage bonds of 1951 are to be issued only "for redemption of prior bonds,
and their issue does not increase the
South
debt, which is limited to
$18,000,000.
In 1878, gross earnings, $2,819,018; net earnings,
128.
271: Edgerton Junction, Mo., to the Missouri River
$818,723.
In 1879', gross, $3,357,305 ; in 1880 gross earnings were
opposite Atchison,
$3,716,902; in 1881 gross were $4,059,151. (V. 32, p. 183. 205,288;
29; Des Moines, la., to Indianola, 21^; Somerset Station, la., to
Winter- V.
33, p; 46, 73, 153; Y. 34, p. 264.)
eet, 2612; Newton, la., to Monroe, 17; Atlantic, la., to
Lewis, 9; Lewis

to Griswold, 14; Avoca,
la., to Carson, 17; Atlantic, la., to Audubon,
25; total owned, 1,052 miles. Leased: Bureau Junction,
Ill., to Peoria,
47; Keokuk, la., to Des Moines, 162; Fort
Leavenworth, Kan., to
Leavenworth, 2; Avoca, la., to Harlan, 12; Guthrie Station to Guthrie
Centre, 15; Cameron, Mo., to Kansas City, 54; Mount Zion Station,
la.,
to Keoeauqua, 4^; total leased,
296; total owned and leased, March 31,
1881, 1.353 miles. This company includes the former
Missouri Railroad of Iowa, which was foreclosed under Mississippi A
mortgage in
1866. The Illinois and Iowa roads were consolidated
August 22, 1866,
under the present title, and the main line
was extended to Council
Bluffs June, 1869. The Iowa Southern A Missouri Northern
was form¬
erly the Chicago A Southwestern, and was foreclosed and purchased
by tills company, and consolidated June, 1880.
The fiscal year ends
March 31 and the lust report was in V.
32, p. 684.
The mileage, earn¬
ings, Ac., have been as follows for five years past:

/

-■




Chicago St. Paul Minn,

d Omaha.—The

mileage January 1, 1881, was

follows: Eastern Division—Elroy to St. Paul, 198; River Falls
Branch, 12; Menominie Railroad, 3; Stillwater Branch, '*
Northern
Division—North Wisconsin Junction to Cable, 120. St. Paul Division—
St. Paul to St. James, 122; Blue Earth
Branch, 44. Sioux City Di¬
vision—St. James to Sioux City, 148; Sioux Falls Branch, 98; Black
Hills Branch, 44; Rock River Branch. 28. Nebraska Division—Coving¬
ton to Omaha, 126; Niobrara
Branch, 16. Total 963 miles. This was
a consolidation
July, 1880, of the Chicago St. Paul A Minneapolis
as

(formerly West Wisconsin), the North Wisconsin, and the St. Paul A

Sioux

City. See statement in V. 30, p. 675. Stock was increased in
June, 1881, as per Chronicle, V. 32, p. 500. Preferred stock has a prior
right to non-cumulatiVo dividend of 7 per cent from net earnings; hut
common shall never receive more than is
paid on preferred.
The Chic. St. Paul A Minneapolis 1st mortis a 2d on the lands; the

'

18S2.J

April,

Subscribers

will confer a

description.

great favor by giving L
immediate
Miles
of

t^^rmatiouoF column of tabies. Ac., see notes
explanation ^pftge headings,
TmTTw-3lin'polis & Omaha—(Continued)
ciX\?st Paul* Minn.,jyiM ine., coup. (2d on road)
1st wort.,koLI, coup..
Chu- St. i
j ^r<
do
do
1. gi‘- J>i., me., coup,
uu iuhui

177
177
120
605
23
12
23

,

IlLni St rnvut£r& Taylors’ Fulls, 1st wort......
Hudson

& Elver

Fulls. 1st niort

.

.

.

?

....

Ot.

u|rii m"5iup
mortgage ($12,000 per mile)

Ejp.

General

35
46
....

40

Portsmouth.—1st mort.
in
CiMinnatiUmUtton d Dayton-Stock
r„ Mnrnrtmcn <£•

60
60

ConU8oirtmoitW($9ol>Vo6o are 7s)sink, fund 1 p. c.
& I. (Junction) RR., 1st mort., guar....

60
98

187-90.

rin

Size, or

Date
of

par

Road. Bonds

tor

Ham.

St. Louis d: Chicayo Stock..
1st mort
Indianapolis Cin. <fe Laf. mortgage
Equipment bonds, registered
Cin. & Ind., 1st mortgage..^
do
2d M.f guar., and funded coupons
1st wort., Cin. Ind. St. L. & Chic, (for $7,500,000)
Cincinnati Lafayette & Chicago, 1st mort., goid ..
Cincinnati <£ Muskingum Valley—1st mortgage....
Cincinnati A civ Orleans d- Texas Pacific—Stock
....
Cincinnati Northern.- 1st, goid. mortgage
Cin. Richmond <£■ Chic— 1st mort., guar. C. IL&D..
2d mortgage, guar, and owned by C. H. & D

Cincinnati Indiana)).
Ind. <fc Cin. of 1858,

194
90
151
...

20
20

194
56
148

Richmond & Ft. IP—1st mort., gold, guar
Cincinnati Sandusky <£ Cleveland—Stock
Preferred stock
-:
:
Mortgage bonds, Sandusky, Dayton & Cincinnati
Cin.

....

50
36
36
90
188
188
....

XXV *

STOCKS, AND BONDS

RAILROAD

1878
1878
1880
1879
1879
1878
1879
1882

Value.

$500&c.
1.000

1869
1871
1875
1881
1881

1,000
1,000
1,000
500 &c.

1,000
1,000
100

....

1865
1875
1873
....

1858
1867
1873
1862
1867
1880
1871
1870
....

1880
1866
1869
1871
....

....

1866

Amount

Rate per

$3,000,000

50,000
800,000

1876-90.
6,045,000
334,800

1,000
1,000

1,000
100
500 &c.

1,000
500Ac.

1,000
1,000

1,000

1,000
1,000
....

1,000

1,000
1,000
1,000
50
50
....

4,000,000
3,300,000
6,151,000

-

6 g.
6 g.
6
6 g.
7
8
6
6 g.

8

200.000

7
5
6

2,001,000

140,000

494,000
2,450,000
1,800,000
6,000,000
1,600,000

&
&
&
&
&
&
&
M. &

M.
M.
J.
A.
J.
J.
M.

O

7
6 &7
7

1*2
7
7
10
7
7
6
7 g7

2,790,000

68,000
499,000
1,466,8,00

1,076,000
1,120,000
1,500.000
3,000,000

1*2

1,000,000

6 &•
7
7

560,000
65,000
1.800,000

7 g.
10s.

4,005,750

3
6

429,037
715,000

Ronds—Princi¬

Payable and by
Whom.

N. N. Y., Com Excli. Bank.
N. Y., 52 Broadway.
N.
J. N.Y., II. P. Flower & Co.
do
do
O.
do
do
J.
J.
N.
N.

F.
M.
J.
J.

&
&
&
&
&
&
&
&

6c A.
& 8.
& D.

<fc J

do
do
do
do
do

M. & N.
M. <fc S. N. Y.,

J.

&

do
do
do
do
do

Am. Each. N. Bk.
J. New York, Moran Bros.

O. N. Y., Geo. W. Ballou.
J. N. Y., Winslow, L. 6c Co.
do
do
J.
D. N. Y., Winslow, L. & Co.
Boston, Office.
do
do
M. & N.
do
do
F. & A.

A.
J.
J.
J.

Stocks—Last
Dividend.

May 1, 1918
May. 1898
Jan. 1, 1930

April 1, 1919
July 1, 1901
July 1, 1908
do
*
do
N. Y., Drexel, M. & Co. Nov. 1, 1909
Nov. 1, 1931
New York Agency.
Feb. 15, 1882
Boston.
Sept. 1889
Bost.. Treasurers office.
July 1, 1S91
N. Y. Union Trust Co.
June 1,1905
do
do

8.
J.
D.
D.
A.
O. Boston, Pacific Nat. Bk.
A.
0. N. Y., Winslow, L. & Co.
do
do
J.
J.
do
do
A.
O.
do.
do
J. & J.
New York.
Q.-J.
A. & O. N. Y., Amcr. Ex. Bank.

M.
J.
J.
J.

8

576,000

3,500,000

Where

When

2h»

480.000

.

!

Pay’ble

Cent.

125.000

....

....

....

INTEREST OR DIVIDENDS.

Outstanding

500 &c.

1,000

notice of any error discovered in these Tables. Due.
pal,When

&
&
&
&

1921

April 1. 1901
Oct., 1880
July 20, 1885
Oct., 1905
Jan., 1903

April 15, 1882
April, 1888
Feb., 1897
Sept. 1, 1883

Dec., 1$92
Jan.’82f’87.’92
May 1, 1920

Mch., 1901
Jan., 1901
Jan., 1882
Oct. 1, 1920
Juljq 1895
Jan. 1, 1889
June, 1921
1872
Nov. 1, 1881

Aug. 1, 1900

& Indiana Railroad. Oil August 1, 1876, a receiver was appointed
road; but no foreclosure can be had except on de¬ and the road was sold in foreclosure Feb. 2, 1880, and this company
The lands mortgaged are about 500,000 acres, and organized. Of the $7,500;000 new bonds $6,885,000 was reserved, into
the Indianapolis Cin. &
all
the old (bonds
the total lands owned considerably more.
(V. 30, p. 075; V. 31. p. 20.) whichcouldofbe exchanged atprior toThe other securities were Laf. 7s of
1869
par.
provided
The North Wisconsin was in progress from Lake St. Croix to Bayfield,
Wis, 105 miles. For each mile built $10,000 in bonds and $15,000 in for as follows: The 7s of 1869 received 70 per cent of their face in new
stock were issued. (V. 30, p. 248.) The St. Paul & Sioux City was a stock, and the funded debt 7s, or preferred stock, 40 per cent. This
consolidation in August, 1879, of the St. Paul 6c Sioux City and the left a balance of new stock of $2,029,045, which, with the balance of
Sioux City 6c St. Paul, forming a main line from St. Paul to Sioux City, new bonds, $615,000, was offered as follows: To the 7s of 1869,10 per
270 miles. With extensions in progress, the company had 400 miles of cent in bonds and 30 per cent in stock for 10 per cent cash; to the
road, witn a single mortgage of $4,000,000, or $10,000 per mile. All funded debt 7s, 20 per cent bonds and 60 per cent in stock for 20 per
cent cash; to the common stock, 2 per cent bonds and 6 per cent in
the old stocks of both roads were retired with the new stock. The St.
Paul Stillwater 6c Taylor’s Falls was consolidated with this company, stock for 2 percent cash. In July, 1881, $2,000,000 new stock was sold
also the Worthington Sioux Falls 6c Iowa and Covington & Black Hills. to stockholders at 70, and proceeds used to extinguish floating debt
The St. Paul 6c Sioux City had lands unsold Jan. 1,1879, of 560,080 ($1,060,000); also, $300,000 contributed towards a new line to Seneca
acres; the Sioux City & St. Paul had 439,858 acres.
In January, 1880, and balance used for other purposes. Second annual report of new
200,000 acres of land were sold to English capitalists at $6 per acre. company in V. 33, p. 501. Operations and earnings for five years were:
Passenger. Freight (ton)
Gross
Net
In year ending June 30.1881, gross earnings were $2,139,593; net,
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings.
$1,00 4,003.
The following brief income account for 1881 was in the Chronicle,
194
19,244,431
38,803,669 $1,311,210 $490,810
41,000,163
1,309,087 494,388
V. 34. i). 315, and no annual report of this important company has yet
194
18,971,743
been issued'.
194
17,689,617
50,225,000
1,342,701 507,920
300
1,761,242 491,487
27,839,061 105,567,662
Surplus income account Jan. 1, 1881
$400,650
Gross receipts in 1881
4,526,100
297
29,870,496 128,936,363
2,365,058 961,490
—(V. 32, p. 134, 552; V. 33, p. 153, 468, 501, 502, 588; V. 34. p. 231,

land mort. a 2d on
fault on 1st mort.

$4,926,750
$2,776,460
868,010
672,736—4,317,206

Total

Operating expenses and taxes
Interest.
Dividends of 7 per

cent on preferred

stock

Balance Dec. 31, 1881
-(V. 32, p. 155, 206,500, 552,569,577;
52G, 580; V. 34, p. 315, 344.)

V. 33, p. 99. 225,

$609,544

357, 441,

Indiana—Owns from Dolton, Ill., to Chicago, with
Opened May, 1880, and leases road for right of
way into Chicago to the Wabash, the Grand Trunk of Canada, the Chi¬
cago & Eastern Illinois and Louisville New Albany & Chicago roads.
Btocx was $500,000, but in February, 1882, a consolidation was made
with stock of $5,000,000 and bonds limited to $10,000,000: the gen¬
eral mortgage bonds are liable to be redeemed after 1885 at 105 by a
sinking fund. (V. 34, p. 176. 291.)
Chicago d- West Michigan.—Dec. 31, 1881, owned from New Buffalo
Michigan, to Pent-water, Mich., 170 miles; branches—Holland Junction
to Grand Rapids, 24 miles; B. R. Junction to Big Rapids, 51 miles;
total operated. 245 miles.
Organized as successors of Chicago &
Michigan Lake Shore Jan. 1, 1879, the C. & M. L. S. having been sold in
foreclosure Nov. 16, 1878. Consolidated in Sept., 18S1, with the Grand
Haven road, 57 miles, Muskegon to Allegan, and the Grand Rap. Neway
go & Lake Shore, 46 miles, from Grand Rapids to White Cloud. (See V.
33, p. 384.) Earnings in 1880, $840,021, and expenses, $600,438; net
$239,583; interest paid, $38,400; dividend, $153,572, and expended
for construction and equipment. $94,155. (V. 32, p. 100, 121, 442, 685 ;
V. 33, pv 99, 124, 384, 622; V. 34, p. 86.)
Cincinnati Georgetown d- Portsmouth.—Line of road from Cincinnati
iO Portsmouth, O.. 40 miles.
Narrow gauge and bonded at $6,000 per
Chicago <£ West.

branches, 23 miles.

u/Je; bonds offered in 1881 in Boston.
Cincinnati Hamilton <£

Dayton.—March 31, 1882,

owned from Cin¬

378.)
Cincinnati <£• Muskingum Valley.—Dec.
0.,to Dresden Junction, 0..148 miles.
in 1851 and opened in 1857. Sold under
reorganized as Cincinnati & Zanesville

31, 1881, owned from Morrow,
Chartered asCinn.Wilm. &Zanes.
foreclosure Oct. 17, 1863, and
March 11, 1864. Sold again
Dec. 10,1869, and reorganized as at present. Leased for 99 years from
Jan. 1,1873, to P. C. & St. Louis, lessees to pay all expenses and inter¬
est, any excess of earnings to inure to the lessors.
Gross earnings in
1881, $395,321; net earnings, $20,275; interest paid, $105,000; deficit
advanced by lessee, $84,725. Capital stock, $3,997,320. (V. 32, p. 498.)
Cincinnati New Orleans <£■ Texas Pacific—This is the company organ¬
ized to operate the Cincinnati Southern under the Erlanger Syndicate.
Oct. 12 to Dec. 31, 1881, gross earnings, $613,719; net, $287,297.
Theo. Cook, President. (V. 33. p. 328, 468; V. 34, p. 79.)
Cincinnati Northern.—Waynesville to Cincinnati, 50 miles. Connect¬
ing line of the Toledo Delplios & Burlington. (V. 32, p. 6.)
Cincinnati Richmond d- Chicago.—March 31, 1881, owned from
Hamilton, O., to Indiana State Line, 36 miles; leased, Richmond,
Ind., to Ohio State Line, 6 miles; total operated, 42 miles.
Char¬
tered as Eaton 6c Hamilton in 1847 and opened in 1863. Reorganized
May 3, 1866, and leased in perpetuity from February, 1869, to C. H. &
D. Co., the lessors to receive all surplus after expenses and bond interest.
Gross earnings in 1880-31, $224,649; net. $35,989; interest liability,
$43,120; deficit, $7,131. Capital stock. $382,600; funded debt, $625,000; total (cost of property), $1,007,600.
Cincinnati Richmond & Fort Wayne.—Dec. 31,1881, owned from Rich¬
mond, Ind., to Fort Wayne, Ind., 83miles; leased, 8 miles of Pittsburg
Fort Wayne <fc Chic.; total operated, 91 miles.
Chartered in 1853 and
opened in 1866. Leased for 99 years to Grand Rapids & Indiana; in¬
terest is guaranteed by thelessees and by the Pennsylvania Company
and Cincinnati Hamilton & Dayton Company, jointly. Gross earnings
in 1881, $407,44V; net, $132,162. Loss to guarantors, $29,173. Capital

$680,062. (V. 32, p.
Cincinnati Sandusky d■ Cleveland.—June 30, 1881, owned from San¬
dusky, O., to Dayton, O., 154 miles; branch, Carey to Findlay, 16 miles;
leased, Columbus Springfield & Cincinnati, 44 miles; total operated, 214
miles, less the division between Springfield 6c Dayton, 24 miles, which is
leased to and operated by the Cleveland Columbus Cincinnati 6c Indian¬
apolis. Six coupons on 2d mort. bonds were funded from June, 1877.
The preferred stock has a lien by, deposit of old bonds in trust. The
Receiver, after a three years’ possession of the property, was dis¬
Annual repoit for 1880-81 in V. 32. p. 657.
charged January 18S0. In Anril, 1881, a lease was made to the Indiana
Earnings for five years were as follows, including all the roads Bloomington & Western. By the terms of the lease this company takes
>
» Net Earnings. 33*2 per cent of its gross earnings as rental; hut the amount in any one
operated:
G
Earnings.
L'i-V-'V
Miles.
$558,062 year shall not be less than $220,009 nor more than $500,000, and
i-nib-t
mi
$2,431,874
769,666 there are also about $328,000 of coupons and coupon certificates out¬
2,362,892
739,572 standing. Gross earnings prior to 1881 were, as follows: 1876-77.
ot}
2,282,572
886,050 $655,421; 1877-78, $647,202; 1878-79, $655,300; 1879-80, $735,576,
o4|
2,578,816

6c Michigan, DayInd., Hamilton to
Indumapoijs, 123 miles; Cincinnati Richmond & Chicago, Hamilton, O.,
to Indiana State line (and leased road), 42 miles; total operated, 366
miles; each lease reported separately. Chartered in 1816, and road
1818. Defaulted on guaranteed C. II. & Ind. interest in
18/
Settlement by arbitration made as per Chronicle, V. 30, p. 116,
in May, 1381, it was agreed with Cicv. Col. Cin. & Ind. company to
consohdaR but consolidation was not effected. See V. 33, p. 100. In
April, 1882, Mr. Jewett, of the Erie, obtained control of the stock.
cinnati, 0., to Dayton, O., 60 miles; leased—Dayton
ton to Toledo, 141 miles; Cincinnati Hamilton &

stock,

$1,709,192.

Total advances by guarantors,

499.)

/.

—(V 30
11 rv
Ho, 1-7.

.

ross

2.882,306

906.983

V. 34, p.

502, 623 ;
frmnn!lH?U In.(Uanapolis St. Louis & Chicago.—June 30. 1881, owned
n,nL1.UTTUU{^1 to branch (partly owned), 7 miles; Fairland F. 6c M.
Bnfayettc., Ind., 175 miles; Lawrenceburg branch,
Harrison
L §2(}’

552. 657 V.
1.6, 205, 291, 316, 460.)
;

33, p. 100, 281, 468,

9

’

~

(leased), 75 miles;
leased the Ver, Greens, & Rush,
6c Chicago

Indian*'‘w’1.iW^,?l)e.l‘ating 6c Lafayette, |wliieli was a consolidation in
Cincinnati expenses, interest on bonds, etc, Formerly
elis tooL
Jr^ianapolis 6c Cincinnati and the Lafayette 6c IndianapW0*™?; tl.ip company taking a perpetual lease of the Cincinnati
the

account was as follows:
I Expenses of operating
$470,486
months
$649,114 | lilt, on bonds, scrip, die... 181,906
Rental C.C.C.&I.,10 mos
81,097 I Sinking fund trustees
10,181
Rental I. B. 6c W., 2 mos..
36,666 | Dividends on ] ref. stock. 25,731

For 1880-81

the income

Gross earnings

.

of supplies, Sloane
property, &c

Sale

Total

.




Rental C. S. 6c C., 10 inos.
98,604 | Settlement of claims

$865,482

|

I Bal., dec. of floating

us

i

of road, 10

-=-(Yt 3?, p. 15,

334, 420: V. 3L p. 264.)

60,666,

133

$755,105
debt.$110,376

RAILROAD STOCKS

XX. VI

Subscribers will confer

a

AND

BONDS.

[Tol. XXXIV

great favor by giving immediate notice of any error discovered in
these

DESCRIPTION.
Miles
Date
Size, or
For explanation of column headings, Ac., see notes
of
of
Par
on first page of tables.
Road. Bonds Value.

Tables.

INTEREST OR DIVIDENDS.
Amount

Outstanding

Rate per

When

Cent.

Payable

Where

Payable, and by

Bonds—Pr&

Pal,When Due.
o
toe
A*s—Laat
Dividend.

Whom.

Cincinnati Sandusky d

Clev.—Continued)—
Mortgage bonds, Sandusky City A Ind.
2d
mortg. Cine., Sandusky & Cleve
Cincinnati d Springfield—1st mortgage, guar
2d

80
48
111

mortgage

Cincinnati Wabash d Michigan—Stock
Clarion Mahoning & Pittsb.—1st, g , $30,000
p. mile
Cleveland Akron d 'Jo’umLus—Stock
Cleveland Canton Cosh. d S.—1st inort., gold
Cleveland Columbus < incinnati d Ind.—Stock
1st mortgage (C. C. A C. Rli.) $25,000 a
year
do
Bel. A Ind
do
C. C., C. & T. sinking fund
Cons. M. for $7,500,000 (sink, fund 1 p. c.)
Cleveland & Mahoning Valley—Stock
1st mortgage, extended
New bonds
Niles & New Lisbon, 1st

•

.

•

•

•

•

1,000
1,000
1,000
1,000

1,000

1,000

1,000

....

....

Cleveland Akron d: Columbus.—Dec. 31,
1881, owned from Hudson, O.,
Columbus, O., 144 miles; leased, Massillon to Clinton, 12 miles; total

operated, 156 miles. Operated by Pennsylvania Company.
Default
was made July, 1874,
by Clev. Mt. V. A Del. Foreclosure suit begun
.June, 1880, ana Mr. G. A. Jones, of Mt. Vernon, O., appointed Receiver
in Sept.. 1880. Sold in foreclosure August
20, 1881, to H. W. Smithers,
for $1,142,000, and new company under above name
took possession
Dec. 1, 1881. Road lias no bonded debt. In
March, 1882, the decree of
was

reversed.

(V. 33,

p.

124, 225, 468, 588, 715; V. 34, p. 408.)
Cleveland Canton Coshocton d Straitsvillc.—This
road is owned in the
interest of the Connotton Valley. In May,
1881, an increase of stock
from $800,000 to $2,000,000 was voted. ( V.
33, p. 468.)
Cleveland Columbus Cincinnati &
Indianapolis— Deo. 31, 1881,
owned from Cleveland, O., to
Columbus, O., 138 miles; Gallon, O., to
Indianapqlis, Ind., 203 miles; Delaware, O., to Springfield, O., 50 miles;
leased, Cincinnati & Springfield RR., 80 miles;
Levering Station to
Mount Gilead, 2 miles; total operated, 473 miles. This
was a consolida¬
tion in April, 1868, embracing the C. C. & C. and the
Bellefontaine rail¬
roads. The company paid dividends
prior to 1877, but after that the
large decline in rates for through freight and the heavy rentals
paid
reduced the company’s income so that no further
dividends were paid
until February, 1880. In August,
1880, dividend passed. A dividend
of 5 per cent February, 1881, was made. In
Sept., 1881, consolidation
with Cincinnati Hamilton A Dayton voted
on, but nor effected.
See V.
33. p. 100. The sinking fund i>rovision of consolidated bonds
may be
oanceled at option of holders. Annual
report for 1881 in V. 34, p. 458.
showed the

following:

1878.
Total gross earn’gs..

1879.
$

$

3,426,017

3,675,055

1880.
$

1881.
$

4,338,108

4,290,350

982,748
83,912

1,361,483

1,323,181
86,271

19,750

46,378
8,000

32,240

847,899

1,086,410

1,587,294

1,441,692

420,087
140,020

425,180

4”5,218
112,688

66,429

47,864

440,492
118,188
749,540
16,437

Total disbursem’ts.
626,536
Balance, surplus
221,363
The prices of stock have been:
1882.
1881.
Jan...-.
977e - x88
Feb....
92% - 81
March.
90% - 85

964,828

1,324.657
262,637

588,174
853,518

Net Receipts—
Net earnings
Rentals and interest.

Day. A Uu.RR.st’k,Ac

INCOME ACCOUNT.

745.203

102,696

Wabash Pool

Miscellaneous
Total net income.
Disbar seme n ts—

Interest

on

debt..;...

Taxes

Dividends
Miscellaneous

102,406
69,027

117,014
374,770

121,582

1882.

July...
Aug..
Sept...
.

1881.

96%
94%
99%
98%

-

-

89%
81

84%
89%
90%
82 s4

90% - 85
Oct....
101% Nov..
96
100% Dec..
93% -(V. 32, p,.69, 265, 418, 526, 552 V. 33, p, 73,
100, 281, 468, 502,
623; V. 34, p. 115, 176, 205, 264, 291, 315,
378, 435, 448, 448.)
.

..

.

-

.

,

Cleveland

y*»

..

d

Mahoning Valley. -Dec. 31, 1881, owned from Cleveland,
O., to New Lisbon, O., and branches,
operated, 127 miles. Chartered in 1848 and opened in
J° Atlantic A Great Western in perpetuity from
1, 1861. A new lease was made to the

Jo Aharon. Pa., 81 miles; Niles,
t

i

October
New York

reorganized company.

Pennsylvania & Ohio, till Oct. 1, 1962, at
$357,180 per
year DU January, 1885, and $412,000
per year afterward.
(V. 32,
p. 333.)
Cleveland d Marietta.—June 30, 1881,
operated from Marietta, O., to
wanal Dover and
branch, 99 miles. This company was organized as




7

7
6 g.
6
7 g.

p. m.

600,000

4,701,000
2,000,060
1,000,000

0 g-

1,882,000

6
7

13,938,972
10,478.000

7
7

successor

Dec. 1, 1890
April 1, 1901
1902

J.

A A.
A D.

A J.
A
A
A
A
A
A

N.
D.
N.
A.
S.
J.

New York.
N. Y., U. S. Trust Co.
do
do
do
do
do
do
New York or London.

Cleveland, Office.
Y., Ward, C. A Co.

N.

N.

Y., Union Trust Co.

N. Y., Farm. L. A T. Co.
J.
do
do
N.
do
do
J.
do
do
O.
Cleveland, Ohio.
O.
J.
N.
J. N. Y., Central Trust Co.
I).
Phila., Co.’8 Office.
J. Boston, Treas.’s Office.
J.
Columbia,S. C.
0.
do
do
A.
Phila., Penn. RR.

Q.-M.

J.

M.
J.
A.
A.
J.
M.
J.
J.
J.
J.
A.
F.

A
A
A
A
A
A
A
A
A
A
A
A
A

A. A 0.
Various

N. Y., 57

Broadway.

1912 ‘

July X’ioio
heb. 1, 1881

June,’8 2 to '84
Until 1899

May, 1899
June 1,1914
*

(1)

Aug. 1, 1893
Sept., 1906
Jan., 1890
Moll.

lV

1882

Jan., 1892 '

Nov. 1, 1900
Jan. 1, 1913
Oct. 1, 1901
Oct. 1, 1898
April 1, 1907
May 1, 1892
July 1, 1921
June 1, 1898

July, 1909

Jan.

1, 1916

April 1, 1926
t'eb. 1, 1893

April’,’i*908
1893 A’95

of the Marietta Cleveland it

Pittsburg, which was foreclosed
Isaac Morton, President, Cambridge, O. (V. 34,
p. 52.)
Cleveland d Pittsb.—Dec. 31, 1831, owned from
Cleveland, 0.,to Roch¬
ester, O., 124 miles; branches—Bayard, O.. to New
Philadelphia, 33
miles; Yellow Creek to Bellaire,43 miles; leased. Rochester to Pittsburg
(P. Ft. W. it C.), 26 miles; total operated, 226 miles. Tin*
property wa*
leased for 999 jrears from Dee. 1, 1871, to Penn. RR. Co.,
and lease traus:
ferred to Penn. Co. May 1, 1872. Rental, 7 per cent on
and $10,000 per year for company expenses, the lessees existing capital
assuming all lia¬
bilities. The terms of the lease were 10 per cent, but the old stock
waa
subsequently converted into 7 per cent by an increase in amount.
Operations and earnings for live years past were as follows,;
Gross
Freight (ton)
Passenger
Net
Years.
Miles,
Mileage.
Earnings. Earnings.
Mileage.
June

13, 1877.

226
226
226
226
266

15,640,607
14.853.524

133,991,700 $2,330,331 $1,039,172 7
143,114,623
2,272,167
960,112
7
164,675,804
2,418,516
1,151,780 7
18,083,711
172,535,850
2,699,290
1,275,488 7
1881
3,317,912
1,713,022 7
Cleveland 'Pusearatvas Val. d Wheel.—Jan.
1831, owned from Black
River, O., to West Wheeling, O., 158 miles. Chartered as Dike Shore A
Tus. Val. in 1870 and opened in 1873. Sold under foreclosure Jan.
26,
1875, and reorganized under present title. In February, 1882, OscaT
Townsend was appointed Receiver in a suit of the Union Trust Co. of
N. Y. Gross earnings in 1880,
$596,399; net, $214,303. In 1881,
gross, $919,485; net, $349,863.
Capital shook, $1,197,95(1. (V. (34, p.
231,343.)
Cleveland Youngstown A Pittsburg.— Narrow
gauge road in progresi
from Alliance, O., to Brimfield, about 100 miles,
inoludmg branches,
and crossing several narrow gauge roads. In Dec., 1881, over 25 miles
were completed. Henry W. Ford,
President, 5 Cortlandt St., New York.
Oolebrookedale —Nov. 30, 188J, owned from Pottstowu, Pa., to Barto,
Pa., 13 miles. Chartered in 1865 and opened in 1869. Leased for 20years
from Jan. 1,1870, toPhila. A-Read., at 30 p. c.
of gross earnings. In June,
1880, default was made on bonds. Gross earnings in 1880-81, $58,977;
net earnings (30 per cent rental), $17,693. Payments—interest, $36,000,
and other, $479. Capital stock, $297,215; funded debt,
$600,000, and
floating debt, $10,610; total liabilities, $937,825. Construction ($51,446
per mile), $668,797, and profit and loss, $327,649.
1378
1879

16.624.524

Columbia d Greenville (S. C.)—This is the
reorganization of the Green¬
ville A Columbia road. The Company owns from < Columbia to Greenville,
S. C., 143 miles; branches to Abbeville and Anderson, 21 miles; total, 164
miles. Also owns Laurens RR., 31 miles; and leases Blue Ridge RR.,
32 miles, and Spartanburg Union A Col. RR., 68 miles. Total operated,
296 miles. In 1878 a Receiver took possession an l the road was sold in
foreclosure April 15, 1880, and reorganization was made, with bonds

above; and preferred stock, $1,000,000 ; common stock, $1,000,000;
The gross earnings from October 23, ls80, to Octo¬
$645,920; net, $263,194. Six per cent paid on pref.
stook. Dec., 1881. (V. 33, p. 201, 468, 687.)
as

all in $100 shares.
ber 1, 1881, were

Colorado Central.- Decf. 31,1881, owned from Wyoming boundary line
Denver, 127 miles; and operated 8*miles in Wyoming to Hazard Sta
tion, and Jtilesburg to La Salle, 151 miles; total standar l gauge ownedand operated, 286 miles; Golden to
Georgetown (n. g.) 35 miles, and
Forks of Creek to Central, 11 miles; total narrow-gauge, 46 miles; tot a.
owned and operated, 332 miles.
Chartered in 1865, and main line
opened in 1870. It is owned by the Union Pacific. The new mortgage
bond was issued to take up the old 8 per cent bonds, of which $37,000
to

yet out.

Stock, $6,232,000.

Columbia dPort Deposit.—Dec. 31, 1881, owned from Columbia,
Port Deposit, Md., 40 miles. Leased to and operated by Pennsylvania
RR. Co.
Rental, net earnings. Net earnings in 1880, paid to lessors,

‘“'268 $20,675. Capital

.

.

10,000

are

April..
May

June

1,393,000

2,000,000

224.000

100

1868

117

1%
6
7
7
7
7

180.000

1,000

A

_____

1,372,000

....

....

588

J.
F.
J.
J.
7
M.
7 or 6 g. J.
M.
3%
7 g.
F.
7
M.
7
J.

700,000

....

„

Clarion Mahoning d Pittsburg—Road
projected from Warren, Pa,, to
Pittsburg, 150 miles. Total issue of bonds, $4,500,000; offered in Feb.,
1882. See V. 34, p. 79 and advertisement. S. S.
Jackson, President,
Brookville, Pa.

foreclosure under which sale had been made

1870.

100AC.

1881
1881
1868

40
588

500,000

Sept. 1, I897

New York.

7 g.
5
7
7

1,547,000
11,244,330
1,096,000
2,561,000

1879

-

1,000

Cincinnati d Springfield— Dec. 31, 1881, operated from
Dayton, O.,
to Cincinnati, O., 80 miles, of which 24 miles were leased from
Cincin¬
nati San. A Clev. RR. The whole is leased and
operated by Clev. Col. Cin<fc Ind. Co., giving them a line into
Cincinnati, and depot accommoda.
tton.
Lessees apply any excess over rentals to C. A S. stock.
Interest
is guaranteed on the first
mortgage, one-half by the lessees and one-lialf
by L. Shore A Midi. Southern. Stock is $1,100,000.
Cincinnati Wabash d Michigan.—Dec. 31, 1880, owned from
Goshen,
Ind., to Anderson, Ind., Ill miles. Road, as now existing, opened
in
Nov., 1370. Transferred to trustees Jan. 1, 1878, and sold i^ov.
5, 1879,
to said trustees, lor account of bondholders. New
company organized
April, 1880, under name of Cincinnati Wabash A Michigan Railway.
Total stock authorized. $3,000,000. See annual
report for 1880 in V.
32, p. 525. (V 32, p. 525.)

to

•

50
500

»

1862
1867
1873
1871
1878
1877
1872
1881
1868

18
323
164
164

..

2,759,200
630,000

....

•

•

....

Columbia d Port Deposit—1st mortgage
Columbus Chicago d Indiana Central— Stock
1st M (consol.) Columbus, Chic. A Ind. Central..
Chic, A G’t East. (Chic, to Logansport).

•

3,000,000

2,953,000

50
500 Ac.
500 Ac.
500 Ac.

....

....

mortgage

do

•

1,000

1,000

1873
1876
1870

A S.
Boston Office.
A D. N. Y.t TTnion Trust Co
A O.
N. Y., U. S. Trust Co.
A J.
do
do

6 g.

4,000,000
800,000
14,991,800
75,000
380,000

1,000

-•

M.
J.
A.
J.

....

(0

100
100 Ac.
100
500

....

....

651,000

1,919,500

..

1860
1864
1869
1874

225
199
199

2,000,000

1,000

1S80

471
138
202
390
390
80
67
67
35

mortgage

1,000
1,000

....

....

7
7
7
7

2,072,300

....

145

$350,000

$....

1882

....

Cleveland <6Marietta.— Stock
Cleveland d Pittsburg—Guaranteed stock
4th mortgage (now 1st)
Consolidated sinking fund mort. for $5,000,000..
Construction and equipment bonds
Cleve. Tuscar’s Val. d Wheeling—IstM., (L.S.AT.V.)
1st mortgage, new, prior lien
2d mortgage, new
E. & B., 1st mortgage
Cleveland Youngstown d Pittsburg— 1st mort., gold
Golebrookdale—1st mortgage
Colorado Central— 1st mortgage, new
Columbia d Greenville—New mort.,g’ld,coup, or
reg
2d

1852
1867
1871
1872

stock, $498,827; funded debt, $1,882.000,and floating
debt, $452,830; total liabilities, $2,833,657. Cost of property, $1,722,117.
Columbus Chic, d Ind. Cent—Dec. 31,1881, owned from Columbus, 0->

to Indianapolis, Ind., 187 miles; branches—Bradford Junction, O., to
Chicago, Ill., 231 miles; Richmond, Ind., to Anoka Junction, Ind., 10-6
miles; Peoria Junction, Ind., to III. State Line, 60 miles; total operated,

580 miles. This company was formed Feb. 12, 1868, by consolidation oi
the Col. A Ind. Cen.and Chic. & Gt. East, railroad companies, aud was
leased to the Pittsburg Cin. & St. Lonis Railway Co. February l.-loho,

by whom it was operated during the lost two years, under direotionoi tue
U. S. Circuit Court, for account of Receivers of the C. C. A 1. L.
Co. The lease stipulated that the lessees should maintain theroadana
equipment, operate it, and pay over to the lessors 30 per cent or tne
gross earnings. Also, that the rental should always be equal to the inter¬
est on $15,000,000 first mortgage bonds of the C. C. A I. C. Ky.
and $821,000 of the second
mortgage bonds of the Col. & Ind. RR.
The lessees .also agree to pay the interest as it accrues on these ooou*Any net earnings remaining after the payment of this interest^are Aom
applied to the payment of interest on the second mortgage 7 per ce
bondR to the amount of $10,000,000 (ox on the preferred stock into wme
these last bonds may be converted), to pay to a sinking fund or one-na
of one per cent on the $15,821,000 referred to, and to apply
any,„*rJr7Tiii
to dividends on common stock. In August, 1874, default was made on tn
$5,000,000 seconds, and April 1,1875, defaulted on first mortgage, u*

Subscribers will

confer a great favor by giving
-

first page of

tables.

Logansp’t & Burl. (Logansp. to

Tol.

do
Col.& Ind.
do
Ciun. & Chic. Air
24 M Col. & Ind’polis Cent.
do
Chic. & G’t East,
do
Columbus, Chicago
Income conv., Col.
Income (Toledo, Logansport

2d mortgage

bonds
Toledo, 1st mortgage coupon, s.

#

187-90.

Columbus & Xenia—Stock
1st mortgage

—

Concord—Si ock

Concord & Claremont— Bonds
Concord & Portsmouth—Stock, guaranteed
Connecticut Central— 1st m. for $400,000, cp. orreg.
Connecticut <6 Passumpsic—Stock.
New mortgage (for $1,500,000).
Massawippi st’k, guar, same div. as Conn. & Pass.
bonds, guar, by Conn. & Pass
do
Newport & Rich ford bonds

29
146
110
38
38
22
56
7

Connecticut River—Stock.

Antrim—1st mortgage

.

1864
1865
m

m

m

1

136
64

i

Amount

Outstanding

....

1864
r

....

.

1870
....

....

100

1881
1867

1872
1875
1880
1879
1871

1,000
500 &c.
1.000

1,000
1,000
1.000

1,000
50

.

1860

1,000
50

1874

1875
1873
1870
1881

500 Ac.
100
500 &c.
100
100 Ac.
100
1,000

1,000
100

1864
1881
1881
....

1,000
1,000
1,000
....

187-90.

821,000

....

23,200
120,000
8,995,000
57,545
1,500,000
10,317,000
4,000,000
1,500,000
1,000,000
2,474,000
422,000
1,584,000
1,000,000
1,786,200
302,000
1,500,000
500,000
350,000
325,000

When

Where Payable, and by

Payable

Wnom.

N. Y., 57 Broadway.
J. & J.
do
do
A. & O.
F. & A. N.Y.. St. Nicholas N.Bk.
do
do
J. & J.
N. Y., 57 Broadway.
Various
do
do
M. & N.
J. & J. N.Y., St. Nicholas N. Bk.
do
do
F. & A.
do
do
F. & A.
do
do
F. & A.

7
7
7
7
7
7
7
7
7
7

715,000
510,500
372,000
113,000

1863

....

Rate per
Cent.

$2,632,000

$....

m

41

Connecting (Phila.)—1st mortgage
Coming Cowanesipie a-

•

322
322
121
121
118
118
83
45
55
55
141
71

,

Connotton Valley- Consolidated gold mortgage
Connotton Valley & Straitsville— 1st mortgage

«•

....

f....
'
2d mortgage coupon, s. f—
do
Ohio & W. Va., 1st M. (s. f. $15,000 begins in *86)
Columbus Spnngfield & Cincinnati—1st mort
Columbus &

immediate notice of any error discovered in these Tables*
Bonds—PrirfCi-

Miles
Date Size, or
of
Par
of
Road/ Bonds Value.

208
93
61
102
107
208
224
537

Ill. line)
com.,lst&2d pf.(Col. to U’n City)
Line(Richm’d to Logans.)
(Cov. to Union City)..
*
construe. (Chic, to Rich’d)
& Ind. Central
Chic. & Ind. Central
& Burlington)
Union Trust Co. certificates
Columbus Hocking Valley <£ Toledo—Stock
Consol, mortgage, gold (for $14,500,000)
1st mortgage, sinking fund bonds
do

xxni

INTEREST OR DIVIDENDS.

DESCRIPTION.
on

BONDS.

AND

STOCKS

KAILKOAD

1882. J

April,

pal.When Due.
Stocks—Last
Dividend.

Nov., 1904

Dec., 1905
Feb., 1884
Dec., 1883
1886 to’90

Nov., 1904

Feb., 1890

*

CO
5
7
7
7
7
7
7
2
7
5
7

g.

*

312
7
3
7
2
6 g.
5
4
6
7 g.
7
7 g.

2,244,400

1,500,000
400,000
400.000

350,000

2,100,000
991,000

2,600,000
2,720,000
500,000

8. N. Y., Winslow, L. & Co.
do
do
O.
do
do
J.
do
do
A.
do
do
S.
do
do
N.
S. N. Y., Union Trust Co.
Columbus Treasury.
Q.-M.
M. & S. N. Y., Am. Exch. N. B’k
M. & N. Bost.&Mancliester.N.H.
J. & J. Bost., Treasurer’s office
J. & J. Bost.&Mancliester.N.H.
New York City.
A. & 0.
F. & A.
Boston, Office.
do
A. & O.
do
F. & A.
do
J. & J.
do
J. & J.
J. & J. Boston, Bost.& Alb. RR.
M. & 8. Phila., Penn. RR. Office.
M. & N.
Boston, Agency.
M. & N.
Boston, Agency.
1
M.
A.
J.
F.
M.
M.
M.

&
&
&
&
&
&
&

....

Sept. 1. 1931
Oct.
Jan.

Aug.

Sept.
May

Sept.
Mar.

Sept.

1, 1897
1, 1892
1, 1905
1, 1900
1, 1910
1, 1901
10,1882
1, 1890

April 20, 1882
1894
1882

Jan. 2.
Oct. 1,
Feb. 1,

1895
1882

April 1, 1893
Feb. 1, 1882
Jan. 1, 1890
Jan. 1, 1911
Jan. 2, 1882
1900-' 1-’ 2-’3-*4

Nov., 1910
May 1, 1911
July 1, 1885

several small roads
operating expendi¬
stock, $410,900, and
bonds, $500,000; total stock and bonds, $910,000.
Original cost of
property, $1,850,000. Floating debt, $254,245.
Concord <6 Portsmouth.—March 31, 1878, owned from Portsmouth, N.
(guarantor of the lease) was entitled to $1,258,000 of convertible income H., to Manchester, N. H., 40*2 miles. The road was sold to first mort¬
bonds for the same amount of second mortgage bonds of the Col. Chic. & gage bondholders in 1857, and leased to Concord RR. in 1858. Lease
Ind. Cent. Co., together with^ $572,390 accrued interest; that on the 1st rental is $25,000 a-year, which gives 7 per cent a year to present stock¬
of Jan., 1880, there was due and unpaid, as rent, by the lessees, $3,356,- holders. There is no debt.
855; but they are entitled to a total deduction of $587,281, leaving the
Connecticut Central.—Sept. 30,1881, owned from East Hartford, Ot.,
net amount due to the C C. & I. C. $2,769,574, save as of tenants accepted,
and the trustees are entitled to receive 6 per cent interest thereon from to Mass. State Line, 20 miles; branch from Melrose to West Street, Ct., 7
Jan. 1,1880, till paid, but none before that date; that the lessees shall be miles; leased, Springfield & New London, Springfield to State Line, 8
bound under the lease to pay to the trustees and their successors, so long miles; total operated, 35miles. Leased to New York& New EnglandRR.
from June 1, 1880. Capital stock, $448,500; funded debt, $325,000 (all
as their receivership shall last, as rental for the premises of the C. C. &
I. C., 30 per cent of the gross earnings of the road, and in case they fall owned by New York & New England Railroad); and bills, overdue cou¬

the suit between

lessor and lessee, Judge Harlan decided the debt must be

reduced to the limit—(See bondholders’ report, V. 29, p. 056.) Pursuant
to this decision, the debt was substantially reduced as required, and the
final decision of Justice Harlan in Jan., 1880, ruled, in substance, that
the Col. Chic. & Ind Cent. Co. had performed its covenant of the lease in
reducing the bonded indebtedness of the road; that the Penn. Company

$1,107,470 (7 per oent interest on $15,821,000 of bonded indebt¬
edness) in any one year, then the deficiency shall be made good by the
lessee. That the lessee was entitled to receive from the C. C. & I. C.,
on its claim for betterments, income bonds to the amount of $660,000.
short of

From this decision the Pennsylvania RR. appealed
Court. In Jan., 1881, a compromise was pending

to the U. S. Supreme
by which the Penn.

Company issued new bonds to buy up the C. C. & I. C. bonds. (See V. 32,
p. 122.)
There is also on record a judgment for $932,500 on $298,000
Newcastle & Riclim. RR., 1st mort. bonds, with interest, ahead of the
consolidated mort erase.
On February 9,1882, the full plan of settlement with the Penn¬
sylvania Railroad was submitted (see Chroniclk, V. 34, p. 176), which
was approved by a majority of bondholders Feb. 11.
This provides
that the consolidated mortgage of the Columbus Chicago & Indiana
Central Railway Company shall be foreclosed. That the property thus
sold shall be bought in, if it can be obtained on terms satisfactory, and
the purchasers shall form a new corporation to take the property, with

capital of $10,000,000 in common stock and $20,000,000 in preferred
stock; the latter to be entitled to dividends, if earned, at the rate of 6
per cent, per annum, and to be cumulative. That the new corporation
shall issue its first mortgage bonds for $22,000,000, payable at the end
of fifty years, in gold coin, with interest at the rate of five per cent, per
annum, &c., &e. Operations s.nd earnings for five years past were :
Passenger
Freight (ton)
Gross
Net
Years
Miles.
Mileage.
Earnings.
Mileage.
Earnings.
1877.
581
31,795,297
254,492,612
$3,396,255 $455,340
1878.
581
32,132,185
305,019,182
3,433,665
411,514
1879.,
580
33.967,484
3,911,261
756,300
402,856,462
1880.,
581
41,432,531
441,353,949
4,795,771
726,260
a

.

.

.

.

1881..

.

Tr

“Or-32,

p.

715; Y. 34,

581

43,407,476

542,015,108

4,953,722

641,053

122. 155, 231, 444, 498, 636; Y. 33, p. 46, 124, 357, 641,

p. 176, 204.)
*
Columbus Hocking Valley <£ Toledo.—July 1, 1881, road from Walhndge. O., to Athens, O., 194 miles; branches to Nelsonville, Carbon,

15 miles; total operated, 71 miles. Consolidation of
in 1873. Gross earnings in 1880-81, $140,570, and
tures, $91,794; net earnings, $48,776.
Capital

pons,

&c., $29,019.

Connecticut &

Passumpsic.—June 30, 1881, owned from

White River

miles; leased, Massawippi Valley
and branch (Canada), 37 miles; total operated, 147 miles. Chartered
in 1835. Completed in 1863. The lease of Massawippi Railroad is at
6 per cent on bonds and same dividends as are paid on the stock of the
lessee. Abstract of last report in V. 33, p. 327. The new mortgage of
$1,500,000 retired previous issues. Operations and earnings for four
years past were as follows:
Div.
Not
Gross
Junction, Vt., to Canada Line, 110

Years.

..

"

Miles.
147
147
147
147

Passenger
Mileage.
4,464,983
4,400,575
6,174,878
6,117,700

Freight (ton)
Earnings.
Mileage.

Earn!

$222,590

8,179,341

$558,612

8,574,448
13,070,452
19,726,662

544,142
657,547

219,695

774,146

311,165

226,139

p.t.
3
3
3
5

-(V. 33, p. 327.)
Connecticut River.—Sept. 30, 1881, owned from Springfield. Maas., to
South Vernon, Vt., 50 miles; branches, 6 miles; leased Ashuelot RR.,
S. Vernon, Vt., to Keene. N. H., 24 miles; total operated. 80 miles.
Net income 1880-81, $236,051. Pays 8 per oent dividends on stock and
has paid off all the debt.
(V. 33, p. 502, 561, 743.)
Connecting (Philadelphia)—Dec. 31,1881, owned from Mantua Junc¬
Junction, Pa., 7 miles. A connecting link in Phila
delphia to the West and South. Operated by Pennsylvania
tion to Frankford

Rental, 6 per cent on capital stock, $1,278,300; and funded
The bonds are issued in series ABC and D, maturing
1900-’l, ’2, ’3 and ’4.

™0.

Railroad

debt, $991,respectively

of $50 each. Of this mort¬
prior mortgage of the Connotton
prior mortgage of the Connotton
•C 45m\u.ile8» Logan to Gallipolis and Pomeroy, 83 miles; total 322 Northern RR. In February, 1882, the company failed to meet its obli¬
miles. This was a consolidation in July, 1881, of the Columbus & Hockgations, and a plan of reconstruction was proposed. See V. 34, p. 343,
of

stock—60,000 shares of the par value

gage $662,000 wore reserved to pay a
Valiev RR., and $1,125,000 to pay a

IngValley, Columbus & Toledo, and Ohio & West Virginia. The stocks —(V. 34, p. 264, 343, 435, 460.)
Connotton Valley & Straitsville.—'The prospectus issued in May, 1881,
#on^?AC0mpanie8 were purchased and new consolidated stock for
$20,000,000 made, of which the above was issued. Of the consolidated
stated: “ For the purpose of extending the Connotton Valley Railway,
mortgage $6,500,000 is reserved to meet the prior liens. The Central this
company has purchased the Connotton Valley & Straitsville RR.
cf New York is trustee. In 1881 the gross earnings were This railroaa extends from Canton, Ohio, where it is connected with
Cleveland by the Connotton Valley Railway Company, of which it is tt
p
Columbus Springfield <£ Cincinnati —June 30, 1881, owned frem Col- branoh, through Coshocton and Zanesville to the coal fields of New
Straitsville, and through the Hooking Valley to Athens—the whole dis¬
^ sPringfield, O., 44 miles. Opened in 1872. Leased to Cin- tance from Canton to Athens being 136 miles. The Connotton Valley is
ttn^U8ky * Cleveland for 40 per cent of gross earnings up to the nearest coal field to Cleveland, and its rapid development, whioh is
$120,000. and 50 per oent of all above that amount. Rental for year
enmng June 30, 1880, $45,599. In 1880 the balanee sheet showed already sufficient to supply Cleveland with 1,500 tons a day, on tno
opening of the railway will supply an enormous and most remarkable
capital stock, $1,000,000, and bonds, $1,000,000.
freight over that part of the line. . Through arrangements already
Columbus & Xenia.—Dec. 31,1881, owned from Columbus, O., to Xenia, made, capital to the amount of $2,000,000 is being directed to the de¬
e8, *s °Per&ted as a division of the Little Miami, and is leased velopment of mines in these different districts in the interest of this
lor 99 years in connection
with that road to the Pittsburg Cincinnati & railroad, and the development will be such as to supply the road
Thii01118’
Pays 8 per cent on stock and provides for the bonds. with at least 3,000 tons a days, as soon as the company is in posi¬
e
18o guaranteed by the Pennsylvania Railroad Company. The tion to carry that amount. For the purpose of completing this roa^
V/Oiumbus & Xenia pays
825 per cent dividend per annum.
furnishing sidings, freights houses and ample equipment, it is proposed
®r(i'“March 31,1881, owned from Concord, N.H., to Nashua, N.H., to issue $2,720,000 first mortgage 7 per cent 30-year bonds, principal
nuiZT i
Manchester & North Weare, 19 miles; Hookset Branch, 7 and interest payable in Boston. Coupons May and November 1. For
r8; leased—Concord & Portsmouth, 41 miles; Suucook Valley, 20 each cash subscription of $950, the subscriber will receive $1,000 first
mortgage bond and two shares Connotton Valley Railway stock.
(V.
OnpraV- aelma Acf°n & Boston, 20 miles; total operated, 142 miles,
34, p. 460.)
"were agf3 li
and income over rentals, &c., for
years past Coming Cowanesque <£ Antrim.—Dec. 31,1880, owned from Corning,
Passenger Freight (ton)
Gross
' Net
Div. N. Y., to Antrim, Pa., 53 miles; branch, Lawrenceville to Elkland, Pa.,
Miles.
Mileage.
Mileage.
Earnings. Earnings, p. c. 11 miles; total operated, 64 miles. Consolidation (Jan., 1873) of tne
142 10,856,140 21,634,669
J87/-8
$771,171
$340,454 10 Blossburg & Corning RR. and the Wellsboro RR. June 1, 1874, the
142
10,580,508 21,609,056
733,004
318,847
10 Cowanesque Valley RR. was absorbed. These lines are leased to ana
142
11,081,309
29,006,834
870,088
346,732
10 operated by the Fall Brook Coal Co. Rental paid—7 per cent on bonds,
142
^
955,000
362,608 10 $35,000; 6 per cent on common stock, $84,000, and 7 per cent on pto13,118,217 30,295,384
iv,32,p. 610; V. 33, p. 225, 254, 357; V. 34, p. 315.)
ferred stock, $35,000; total rental, $119,000 a year.
Stook—comm< |
per
moTvT^rr* Claremont,—March 31, 1881, owned from Concord to Clare- $1,400,000, and preferred, $500,000; and 71880. cent bonds, $375,0<
i/N. H., 56 miles;
branch, Contoocookville to Hillsborough, N. H., Annual drawings of $20,000 commenced in
_

408)750’ net’ $1’190’582’ <v* 33>P- 46* 10°* 225» 254’ 303• v- 34a

on

,

earnin&8»

..

...

«




four

>,r •

RAILROAD

XXV1U

Subscribers will confer
r

i

a

Cumberland it Pennsylvania—1st mortgage
2d mortgage, sinking fund, (guaranteed)
Cumberland Valley—Stock ($184,900 preferred)
2d mortgage, sinking
Common bonds

38
38
—

.

Date
of

1866
1868

110

....

Size, or

,

Amount

Par
Value.

Outstanding

459,000

....

’70-’72!

33

Consolidated mortgage
Dane. Olney it O.lliv.—1st

.

M.(for $-36*000) cp. or reg
Dayton <£• Michigan—Com. stock (3^2guar. C.H.AD.;
Preferred stock, (8 percent, guar. C. H. A D.)

1880
1880

.

100
142

....

142
142

bonds
Dayton it Western—1st M., guar. L. M. andC. AX..
Income mortgage

Delaware—Stock

Mortgage bonds, convertible, guar. P. W. A B

Delaware it Bound Brook— Stock, guaranteed
1st mortgage
2d mort., debenture bonds, reg
Delaware Lackawanna it Western—Stock
Consol, mort., on roads A equipm’t,($l 0,000,000).
Bonds (convertible June 1, 1875 to ’77)
Lackawanna A B1ooihs1)., 1st mort. (extension)..
Denver Longmont <t Northwestern— 1st mort., gold .
Deliver it Rio Grande—Stock
.’
1st mort., gold, sinking fund
1st consol, mortgage ($15,000 per mile)
Denc.df R.Gr. West.—1st, g. ($16,000 p. m ),cp.or reg.
Denver South Park <£• Pacific—-dock

mortgage, gold, sinking fund
Consol, mort., gold ($17,000 per mile)
Denver West. d Pac.—1st M., gold ($30,000 per m.)

....

50 J Ae.
50

!

1871 i
1867 |
1869
1881 i
1879 !
1879 i
1865

142
142
32

by C. H. A D

|

41

100
85

....

1875

27

i*95

1875
....

288

60

1877
1872
1859
1881

50

1.000
1,000

1.000

1,000
1,000
1,000

i

»

j

....

1

50

i

....

j

(!)
(!)

212

1st

....

650,000

1,000

....

Cumberland <t Pennsylvania —Dec. 31, 1881, owned from Cumberland,
Md., to Piedmont, Md., and several branches, 55 miles; almost all stfel
rail. It is owned and operated by Consolidation Coal Company, which
guarantees second mortgage.

l1!

1*U
2
7
7
5
7
6
C A 7
3
6

600,000
370.900

100,000
29,160,000

6,382,500
17,095,000
10,000,0(H)
3,500.000
2,500,000

(!)
900,000

Whom.

|
;

Stocks-Last’

Dividend,

| March 1,1391

7
6
7

1,692,000
1,500,000
192,000
26,200,000
3.007,000

1,000

100 Ac.
500 Ac.
100
187C
500 Ac.
1880 ! 500 Ac.
1881
1,000
j
100
1876 j
1,000
1880 i
1.000
1881 J
1,000
....

29 4

495,000

1,108,910

Payable, and by

\Jlonds— Prineijpal,When Due

M. A S. New York, Co.’s Ollice.i
do
M. A N.
do
j
Q.-J. Pldla. and Carlisle, Pa.
A. A O. Phila., T. A. Biddle & Col
A. A O.
do
do
do
do
A. A O.
Quar. j New York and Danbury
J. A J.i N. Y., Nat, City Bank, ;
do
do
i
J. A J.!
j. A J.i N. Y., Farm. L. ATr. Co.
A. A O.i Cincinnati. C. 1LA D.Co.i
Q.-J. I N. Y., Winslow, L. A Co.'
do
do
M. A S.
do
A. A O.
do
do
do
J. A J.
J. A D. N.Y., Am.Exch.Nat.Bl .'
J. A D.j
J. A J.|!N. Y., Am. Exeli. N. B’k
J. A JJ
Dover, Co.’s Office.* i
.r. & j.|| Phil., Fid’lity

8
8
6

25

Where

Payable

2^5

161,000
109,500
81,900
600,000
400,000
100,000
836,000
2,402,573
1,211,250
426,000
351,000
1,808,000
225,000
220,000

100 Ac.
50
100 Ac.

1

17'/V:‘^m*’xfA\tmrb5.v, 8779-0 81
33

Danbury <f Norwalk—Stock
1st and 2d mortgages

»

discovered In these Tables.

When

6
6

1,777,850

j 500 Ac.
....

.

Ratie per
Cent.

$303,500

$1,000
1 1.000
50
|
1 500 Ac.

52
52

fund guaranteed

2d mortgage
3d mortgage
Consol, mortgage, guar,

fV0L. XXXIV.

INTEREST OK DIVIDENDS.
Miles
of

!
explanation of column headings, Ac., see notes
Road. Bonds
on first page of tables.

1st mortgage

BONDS.

great favor by giving: Immediate notice of any error

DESCRIPTION.
For

AND

STOCKS

April, 1882
April 1, 1904
April 1, 1908

Jan.

1, 1884
April 4, 1882
1920, ’90,’92

Phila<leli>hia.

1920
1, i9io
April 1, 1882
April 4, 1882
Sept., 1884
Oct., 1888
•D«n. 1. I9ii
Dee. 1, 19()9
A f ter 1910
Jan. 1, 1905
•Jan, 2, 1882
•Tnly 1, 1895
Feb. 11. 1882

Phila.,Gqar.T.AS D.Co.'

May, 1903

T.T.A.S.Co'

DU

May 1, i888

<i-F.

7
6
2

F. A A.
M. A N.j

7

•Dm.

M.
J.
M.
A.

Philadelphia.
New York, Otlice.

i882

, April
J• i
20,
do
do
A S.i
Sept. 1. 1907
do
do
A D.i
■Time, 1892
do
do
A S.I
March, 1885
A O.i New York and Boston. April 1,1911
Q.-J. N. Y., Company’s Otlice. Jan. 14, 1882
dt)
do
M. A N.
Nov. 1, 1900
do
do
J. A J.
Jan. l; 1910
M. A S.
N. Y., Co.’s Agency.
Sept, 1. 1911
New York.
Aug. 15, 1880
M. A N. N.Y., London A Frankf’t
May 1, 1905
J. A J.i
N. Y.. Co.’s Agency,
j Jan. 1, 1921
New York.
J. A J.I
Jan. 1. 1911

Q.

rr

4

7
7

Ug
7 g.
7

6 g.
4
7
6 g.
7 g.

miles; Greenville to Winton, Pa., 8
miles; Junction to Kevser Valley, Pa., 5 miles; leased lines in New
Scranton to Northumberland, 80

Susquehanna Railroad, 35 miles; Green Railroad,
Utica Chenango &
Cumberland Valley.—Dec. 31,1891, owned from Harrisburg, Pa., to Susquehanna Valley Railroad, 98 miles; Valley Railroad, 11 miles;
controlled and operated—Syracuse Binghamton A New York, 81 miles;
Potomac River, Md., 82 miles; leased—Martinsburg A Potomac KK., 12
Rome A Clinton Railroad, 13 miles; Utica Clinton A Binghamton, 31
miles; Dillsburg A Meclmnicsburg RR., 8 miles; Southern Pennsylvania
miles; leased lines in New Jersey—Chester Railroad, 10 miles; Morris
RR., 21 miles; Mont Alto RR., 18 miles, controlled; total controlled A
Essex, 118 miles; Newark A Bloomfield, 4 miles; Warren Railroad,
and operated, 141 miles. Chartered in 1831. Main line, Harrisburg to
19 miles; total operated, 670 miles.
For the terms of leases, see remarks
Chaiubersburg, completed in 1839, and extended to the River in 18/2. under the names of the
respective leased roads. The Lackawanna &
Owns or lenses several factory roads, in all about 43 miles. The stock is
Bloomsburg was consolidated with this company June T9, 1873. The
owned in large part by Pennsylvania RR. Co. Last annual report V.
34, p. 376. Large advances have been made to branch roads. Opera¬ following is a synopsis of the annual statements of the company for four
tions and earnings on the main line for five years past were as follows :
1879.
1880.
1878.
1S81.
Years. 1876-7.
1878
1879
1880
1881

Miles.

....

....

...

.

...

.

...

..

v*r>

125
125
125

..

...

125

..

.

*'V.->»^,?/y«

.

.

Years.
Miles.
34
1876-7....
1977-9.... 34
34
1878-9....
34
34

2,404,373
2,55* ,337
2,481,889
3,301,269
3,608,823

Mileage.

903.3.8 4
932,63 4
1,039.900

1,304,897
1,2 28,828
—(V. 33, p, 559; Y. 34. p. 17 6.)
..

..

Earnings.

Earnings.

$165,245

$43,371

157,953
164,236
181,407

39,667
35.318
60,079

195,163

88,3 41

p. c.
O

o

5

.

Danville

Olncy & Obi > Hirer.—This road is in

progress

from Danville,

Ill., south to Olney and Noble, 10 miles. Bonds ottered in LS8l by R.
31. Raven A Co., at par, with $500 stock given with each $1,000 bond.
-

(V. 33,

p.

121).

Dayton ■£• Michiyan. —March 31, 1881, owned from Dayton, O., to
Toledo, O., 141 miles. Opened in 1862. Leased in perpetuity to the
Cincinnati Hamilton A Dayton. In March, 1881, voted to issue a 5 per

cent consol mortgage bond. There are also $53,000 Toledo Depot bonds
alue 1881 and 1894. Of the common stock $1,010,000 only is guar¬
anteed 3Lj by C. II. D. Loss in 1830-81, $13,078. The lessees hold
.$1,398,100 of the common stock. (V. 32, p 312.)

Day Ion if Union.— June 30,1881, owned from Dodson, O., to Union City

lad., 32 miles; leased Dayton to Do ison, 15 miles; total «>i>erated, 47
miles. The Greenville A Miami RR. was sold out Oct. 30, 1872, and re¬
organized as now Jan. 9, 1863. Operated by trustees since Dec.. 1871.

Capital stock, $86,300; funded debt, $187,445, anil other liabilities,
$52 390; total, $626,135. Property account, $620,224. (V. 32, p. 0A'
Dayton <£ Western.—Dec. 31, 1881. owned from Dayton, O., to Rich
mond. Ind., 41 miles. Leased in perpetuity from Jan.’l, 1865, to Little
Miami, and carried with that road in the general leuse to the P. C. A St. L.

The lessees

are

virtual

owners

and

are

answerable for all obligations.

Delaware.—Oct. 31, 1881, owned from Delaware Junction (P. W. A B.),

Del., to Delmar (Md. Line), 84 miles; branches, 16 miles; fotal operated,
100 miles, less two branches (15 miles) operated by the Dorchester A
Delaware and Queen Anne A K. railroads. The Delaware Railroad was
opened 1855-1860, and is leased to the P. \V. A B. Co.; rental 30 per
oent of gross earnings, but stock must have 6 per cent. Gross earnings
An 1879-0, $426,265; net, $127,979; 1980-81. $424,747: net. $128,621. Dividends and interest paid in 1980-81. $12lT,480. (V. 34, p. 80.)
Delaware & Bound Brook.—December 31, 1SS1, owned from Bound
Brook (C. of N. J.) to Delaware River, 27 miles; branch, main line to
Trenton, 4 miles; total operated, 31 miles. In connection with Central
•of New Jersey and North Pennsylvania forms a line between New
York and Philadelphia. In May, 1.879, the property was leased for
.990 years to the Philadelphia A Reading Railroad Company—the lessee
paying interest and 6 per cent on stock in 1879-81.7 per cent in 1881-83,
ami 8 per cent afterward. The terms were described as follows at the
fime: “The lease is lor 990 years, being made for this term because the
Bound Brook’s charter is for 999 years, and a few years of its existence
have already passed. The conditions are that the Reading is to pay all
Interesf'ou the bonds of both the main roads and the laterals, and the
interest on the floating indebtedness at 6 per cent- until the bonds are
converted. The Reading also .binds itself to pay dividends on tin* stock
of both roads quarterly, on the 1st of February,-May, August and No¬
vember. For the first two years it is bound to pay 6 per cent dividends;
for the next two years following, 7 per cent, and for all subsequent
years 9 per cent, free of all taxes. Gross earnings in 1880. $568,789;
net,.$265,713. (V. 32, p. Gil.
Delaware Lackawanna if Western.-Dec. 31, 1891.'owned from Dela¬
ware River (N. J. line*; to New York State line, 1]5 tulles; branches—


:..3


Net

receipts

...

.

Mileage.

$

$

$

$

receipts all sources..14,454.405 20,226,708 21,656.601 27,394,526
10,836,276 16,416,256 15,753,131 19,632,662
Operating expenses

Gross

3,618,129

3,810 452

5,903,470 7,763 884

INCOME ACCOUNT.

.

-(V. 32, p. 3 11 ;
Danbury if: Norwalk.—Sept. 30, 1881, owned from Danbury, Conn., to
South Norwalk, Conn., 24 miles; branches to Ridgefield and Ilawleyville.together 10 miles; total operated, 31 miles. An exteiisiou to Long
Island Sound is to be made. Opened in 1852. Dividends have, been
irregular. Operations and es liming* for five years past were as follows:
Gross
Div.
Net
*
Passenger Freight (ton)
,

:&^mW*K'¥-~t

-Div.p.e.Passenger Freight (ton) Gross
Not
Mile; ngc
Mileage. Earnings. Earn’gs. Pref Cor
10
5,809 ,56 2 11,062,510 $519,851 ;$254,253 10
OO
10
9 11,030,907
5,110
536,110 221,985 10
10
5,265 ,29 2 12,485,385 503,597 264,900 10
10
1 1,0 4*,002
536,9 45 230.199 10
10
18,361,651 022,53 3 220,129 10
V. 31, p. 37G.)

York—Cayuga A

Smiles; Oswego A Syracuse Railroad, 35 miles;

Net

receipts

...

Disbursements—
Interest and rentals.
Dividends

...

Total disbursements
Balance, surplus
*

..

Vj*
.3,618,129

3,810,452

5,903,470 7,763,864

3,577,420

3,024,431

3,627 381

3,577.420

3,624,43 1

4,413,38 1 5,326,994

40,709
cent.

186,021

^

*

3.558 491

786,000 t 1,768,500

1,190,089 2,436,970

cent.
t fT* per
The mortgage for $10,090,000 authorized will take up prior bonds to flic
amount of $2,820,000 as they mature.
(V. 32, p. 230; V. 33, p. 73,
716; V. 3 4, p. 144.)
Denver Longmont d: Northwestern.—This road is in progress from
Denver to Longmont, in northern Colorado.
Bonds ($100,000) offered
in Boston March, 1881, at 90, carrying bonus of 5 shares of stock with
each $1,000 bond. Frederick O. Prince. Boston, Pres. (V. 33, p. 20.)
Denver d liio Grande (3 ft.)— Dec. 31, 1831, owned from Denver Citr,
Col., to Alamosa, Col., 251 niles; branches—Pueblo, Col., to Canon City
anil Coal Mines, 44 miles; Cueliara, Col., to El Moro, Col.. 45 miles; also
3 per

lines to Leadville,

Durango, Gunnison City, Crested Butte,

Kedcliffe,

Kokomo, Silver Cliff, and others, the total operated Jan. 1, 1892, aggre
gating 1,062 in., and construction was pushed on 238 additional miles.
The first comprehensive report was published in the Chronicle. V.
32, p. 550, giving a history of • operations, to the close of 1880, &c.,
and in V. 3 4, p. 145, a summary of operations up to Jan. 1, 1332.
The trust deed of the consolidated mortgage is to Louis II. Meyer and
John A. Stewart, of New York, as trustees. The deed is to secure and
provide for an issue of bonds, the amount afloat at one time not to
exceed $30,000,000. of which $7,422,200 shall l>e used in retiring

prior issues, and the balance issuer! for tlie purpose of building and
completing the extensions to Leadville, New Mexico and San Juau
mines, and other points—and the bonds are issued at $15,000 per nine.
Of the consol, mortgage $1,040,000 exchanged for Arkansas Divisum
bonds held by trustees of the Colorado Coal A Iron Co. In 1831 net
earnings were $2,624,000 and lixed charges $1,369,000. The following
are the latest yearly earnings reported (1879 nof given);
Earnings.

Miles.
293
308
474
786

1880
1881

Net
Earnings.

Gross

Average

Years.

$622,792
1,096,517
3,473,066
6,241,000
.

.

$357,160
473,061
1,710,461
2,624,000
303, 329, 519,
'

,

—(V. 32, p. 231.500. 550, 686; V. 33, p. 46. 124. 201,
559, 622, 687, 709, 716; V. 34, p. 31, 60, 86, 145, 408.)
Denver d- Rio Grande West, (narrow gauge)— This company's
gage covers

iniles.

mort-

contemplated lines in Utah Territory estimated at J.u-company is an offshoot of the Denver A Rio Grande, anil ine

The
latter has a traffic guarantee and guarantees $7,500,000
—(V.. 34, p. 14'), 291, 292.)
(\ ;n,
l i'), -;u, zyg.j
D(
Denver So. Dark if Dae. (3 ft.)— Dec. 31,1880, owned from
tfl Giiimi!M)ii, w., io.) miles; uAiciiaiun to **••*
Gunnison, Ac.. 135 iiinro, extension i” Ilortense, ■S miles;
, - -*
•
Morrison from Bear Creek, 9 miles, and branches, (5 miles; extension
Gunnison City, 54 mPes; total, 212 miles. First mortgage
at the rate of $12,000 per mile of finished road, and the
■
1
per cent annually on outstanding bonds, to be

of the bonoa.
Denver, CoL
brand) j

bonds ssucu

sinking
retired at par i >

*

begins in 1886.
Sept. 20, 1880, new branches authorized, and votcti
increase the capital stock, and in Oct., 1880, the consul, mortgage
made for $15,000,000, to be at $17,000 per mile on whole road, oiu .mu
new, less the amount of first mortgage on the old.
In J
7i,7
1880, Mr. Gould bought most of the stock, and passed it ovei io
Union Pacific. (V. 32, p. 44, 444.)

road from Denver 4o Long
1. *-* }•
1(i
ill
$3,060 in cash the company gives $3,000 in 1st mortgage OOJlua *..J)
1st luortg
$1,500 in stock. .John 8, Crooks, President, Boston.
nver Western. <f
Den\
Pacific.—Proposed
moiit. Col.
t.
From Denver 30 miles to
_

dll in nnclitlin

pnnmrmv

«rivp«

be done !>}' Aug.

*89.000

April,

Subscribers wilt

confer a great favor by giving

explanation of column
on

Miles

$2,000,000)
Consolidated mortgage, guar.
..................
Dollar (Oak. & Otta. RR.) bonds, Oct, 1, 18o3....
1st niort. (Detroit A Pontiac RR.), April 1, 1851.
3d mortgage (Detroit & Pontiac RR.), Feb. 1851.
2d mortgage, (Detroit & Pontiac RR.), Jan. 1853.

1st mortgage
Ionia A Lansing,

87
87
26
189
189
.

.

bonds
.Dubuque d Dak.—1st M., gold. gu.
Dubuque & Sioux City—Stock

mortgage

;

Income

-

(payable at 105)

1st division
2d division (for $1,400,000)

152

2d mortgage, income
Dunkirk Alicgh. Valley d
2d mortgage

Pittsburg—1st mort., gold

3d mortgage
'
East Broad fop.—1st mortgage,
East Pennsylvania—Stock
1st mortgage

1874
1874
1881

$1,000

1,200,000

1878

1,000

300,000
2.000,000

1878
3 853
1851
1854
1853

200 Ac.
500 Ac.

1863
1864
1881

registered

90

90
90
30
36
36

1870
1870
1870
1873

Preferred stock (0 per cent)
Consol, mort., gold (for $22,000,000)
do
Divisional” bonds
Income bonds

Old 1st mortgage sinking fund bonds
East Tenn. & “Georgia ($92,000 are endorsed)

1,000
1,000
1,000

rr

4

p.m.

7,000 p.m.
2,000,000

1,000
1,000
1,000

1,000,000
200,000
500.000

1,000

1,123

1880

242
112

A
A
A
A

....

J.

1,709,550

D. N.Y., N.Y. Cent. A Hud.
do
do
O.
do
do
O.
J. Pliiladelp’a, Co.’s Office.
J. Phila., by F. A R. RR.
S.
Phila., P. A R. office.

June. 1890
Oct. 1, 1890
Oct. 1. 1890
Julv 1. 1903
Jan. 17, 1882
Mar. 1, 1888

J.
J.

A J.
A J.

N.Y.,Metropolitan N.Bk.

July 1, 1930

J.
J.

A J. N.Y.,Metropolit’n N.^-k.
A J. N. Y., R. T. Wilson A Co.

5 g.

5

In 1881, gross, $401,532; net, $172,543.
$758,280 issued to De¬
p. 23,736; V. 31, p. Ill,

Dct. Grand Huren d Mil.—Dec. 31,1880, owned from Detroit, Midi., to
Grand Haven, Mich., 189 miles. This is a reorganization of the Detroit
A Mil. wliieh was sold in foreclosure Sept., 1878. A sutlieient amount
of first mortgage bonds is reserved to retire O. & O. and Dct. A P. bonds
on maturity.
The bonds are guaranteed by the (it. Western of Canada.
The consol, bonds draw 5 per cent till April, 1884, and 6 afterward.
The stock is $1,500,000. Gross earnings in 1880, $1,220,076; net,

$403,812.

1888

1882
1882
Aug. 10, 1880
Fob. 15, 1882
Jan 1, 1907
July i, 1889
Oct. 1, 1921
Oct. 1, 1911
Oct. 3, 3 921
July 1. 1919

A
A
A
A
A
A

2,650/00
16,500,000
3,123,000
535,400

1,000

1882

J.
A.
A.
J.
J.
M.

lLOOO.OOO

50-’56

1882

J. N.Y.,M.K*Jesup,P.A Co.
O. N.Y.,M.K.Jesup.P.A Co.
J. N. Y., Jesup,Patou A Co.
do
do
J.
N. N. Y., Central Trust Co.

1,000

1,000

1918
1918
Jan. 1,
Jan. 1,
Feb. 15,
Jan. 1,
Jan. 1,

A
A
A
A
A

27,500,000
3 6,500,000

1870

1905
1905

A.
J.
J.
M.

50
100 Ac.
100
100

3 881

June 1,
June 1,

7 g.
7
7
7
3
7

586,000

18,000

1,000

Y., Morton, B. ACo.

Stocks—Last
Dividend.

7
7
6 g.

650,000

500
500 Ac.

A J. N.
A J.

by

.

7
6 g3

5,000,000
296,000

175.)

495,900

m

do

do

Apr. 15, 1882
1888
1894

May

1, 1911

July 1, 1930
1911

m

7

6

July 1, 1900
1882 to 1886

Duluth d Winnipeg.—Road in progress from Duluth to Manitoba
boundary line. 280 miles.- The land grant amounts to 1,800,000 acres,
which is subject to the first mortgage. The stock
W. Spalding, President, Duluth. (V. 33, p. 733.)

is $5,000,000.

Win.

Valley d Fiflsb.—Sept. 30, 1881, owned from Dun
P;i., 91 miles. A consolidation of the Dunkirk
War. A Pittsb. and Warren & Venango in 1872.
Is owned by N. Y. Cent.
& Hudson River Co., but accounts are kept separate. Gross earnings.
1878-9. $283,132; no net earnings; deficiency, $20,109; in 1879-80,
1880-81, gross $291,208, net
gross $261,947, deficiency $17,217;
$5,302. Capital stock, $1,300,OOO; funded debt, $3,200,000. Nominal
cost of property, $4,810,544.
Dunkirk Allegheny

kirk, N. Y., to Titusville,

East Broad

Top (Pa.)—November 30, 1881, owned from Mount

Pa., to Robertsdale, Pa., 30 miles. A coal road, opened
stock is $568,4i o. In 1878 gross earnings were $90,808

Union,

in 1874. The
and net earn¬

ings $38.122; 1880-81, gross, $127,940; net, 42,356.

Det. Hillsdale d Southw—Dec. 31,1880, owned from Ypsilanti, Micli.to Banker’s, Mich., 65 miles. The Det. H. & Iud. road was sold in fore,
•closure December 28, 1874, and this company organized by the bond,
holders. In Aug., 1881, leased in perpetuity to the Lake Shore A MichSouthern Co. for $40,500 per year (3 per cent) on stock for two years,
and $54,000 per year (4 p. et.) afterward.
(V. 33, p. 225.)
Detroit Lansing d Northern— Dec. 31, 18»1, owned from Grand Trunk
Junction, Mich., to Howard City, Mich., 157 miles; branches—.Stanton
Junction to Big Rapids, Mich., 63 miles; Bolding Branch, 1*2 miles;
leased, Grand Trunk Junction to Detroit, 3 miles; Lansing to No.
Lansing, 1 mile; total operated. 225 miles. A consolidation, April 11,
1871, of the Detroit Howell & Lansing, the Ionia & Lansing and the
Ionia Stanton A Northern railroads, under the name of Detroit Lansing
A Lake Michigan RR., which was sold in foreclosure December 14,1876,

and new stock issued as above.
The annual report for 1881 had the following: “During the year
1881 the bonded debt was increased by the sale, at 171e per cent to 17^
per cent premium, of $178,000 Detroit Lansing A Northern Railroad
Company’s 7 per cent mortgage bonds due January 1,1907, the prin¬

cipal of which was applied to the payment of $81,000 Ionia A Lansing
Railroad
j

7
8
6

2,280,000

1,000

U

3U}

1,500,000

Common stock. $3,040,000 issued; preferred,
cember 31, 1881. (V. 32, p. 312, 431; V. 33,

•

A

4,560,000

Ft. Dodge.—Due. 31,1881, owned from Des Moines to Fort
Dodge. Iowa,87 miles, with an extension building, 53 miles; and 230
shares com. and 30 shares pref. stock per mile additional may be issued
on this extension.
Originally a division of the Des Moines & Valley
RR., built in 1870 and sold out in 1873. Gross earnings in 1880 were

J

1*2

1,350,000
1,825,600
2,503,300
2,443,000
770.000

Dcs Moines d

$324,725; net, $143,920.

8
7

100,000

1,000

Where Payable, and
Whom.

0. New York A London.
do
do
O.
New York.
N.
do
O.
A A. N.Y.,Canad’n B. of Com.
A J. N.Y., MtTeh.Ex.Nat.Bk.
A J. N. Y., Winslow, L. A Co.
Boston.
do
F. A A.
J. A J. Boston, 2d Nat. Bank.
do
do
J. A J.
A. A O.
New York.
A. A 0.
do

A.
A.
M.
A.
F.
J.
J.

6
5-6
7
7

250.000

100
100
500 Ac.

J.
J.

1,000

1858

Virginia d Georgia— Common stock. 1,232

Bast Tennessee

Bonds—Princi¬

pal,When Due.

6

44,000
144,000

1,000
1,000

Payable

6
6

3,200,000

1,000

When

Rate per
Cent.

$1,200,000

1.000

100

6J
143
100
43

Winnipeg—1st mortgage, gold, laud grant

Duluth d

Amount

Outstanding

1877
1869
1882
1881
1881
1879

59

-.

- - - •

or
Par

65

i’82

-

1st inert., coup., may be reg....

Size,

Value.

common

Detroit Mackinac d Marquette— 1st
Land grant bonds (income)

1st mortgage,
1st mortgage,

of

Road. Bonds

Des Moines d Ft. Dodge—1st iuort., coup
1st mortgage, income
Mortgage on extension ($12,000 per mile)
Bet Gr. Haven d Mil—1st M., guar.,(for

Preferred stock

immediate notice of any error discovered In these Tables*

Date

of

headings, Ac., see notes

first page of tables.

Detroit Hillsdale d S. If.—Stock
Detroit Lansing & North.—Stock,

XXIX

INTEREST OR DIVIDENDS.

description.
For

BONDS.

STOCKS AND

RAILROAD

1882. J

Company’s second mortgage 8 per cent bonds, which matured
The

November 1, 1880, and to the completion of the Stanton Branch.

premium paid
for the road.

upon

the bonds was applied to the purchase cf equipment

“The bonded debt was decreased by the payment of $50,000 Detroit
Lansing A Lake Michigan Railroad Company’s depot ground 7 per cent
mortgage bonds, due November 1, 1881, the amount now being carried
as a
floating debt to bo ultimately provided for from the sale of bonds

Pennsylvania.—Nov. 30,1881, owned from Reading,Pa.,‘to Allen¬
§6 miles. It is leased for 999 years from May 19, 1869, to the
Phila. & Reading RR., at a rental of 6 per cent per annum on the stock
and interest on the bonds. G. A. Nicolls. President, Reading.
East

town, Pa.,

East Tennessee Virginia d Georgia.—The East Term. Va. A Ga. RR. is
composed of the following lines, 'which were consolidated July 20, 1881,
under the above, title: The E. Tenn. Va. & Ga. RR., the Macon & Bruns¬
wick RR., the Cin. & Ga. RR., the Knox. & Ohio RR., and the Alabama
Cent. RK., making a total of 1,123 miles, made upas follows: Bristol to
Chattanooga, Tenn., 242 miles; Morristown to Paint Rock, Tenn., 45
miles; Knoxville, Tenn., to Kentucky State line, 66 miles; Cleveland,
Tenn,, via Dalton Rome A Selma, to Meridian, Miss., 380 miles: Ooltwah,
to Red Clay, Tenn., 12 miles; Rome, Ga., via Atlanta, to Macon, Ga.,
378 miles. The line from Macon to Rome, 178 miles; the Oolfewah cut¬
off, 12 m'les ; 26 miles of the Kuoxv. & O. Br..to the Kentucky State line,
and 5 miles of the Morristown Br., 221 miles in all. are under
onsti’iiction, leaving 902 miles of road operated by the consolidated company
January 1, 1882.
The company’s application to the N. Y. Stock Exchange, July, 1881,
had the following: “ Of the first mortg. consol, bonds, there are held in
trust by the Cent. Trust Co. $7,509,000, to retire the same amount of the
outstanding divisional and sectional bonds. There are also held in trust
by the same trustee, $3,500,000 bonds to provide for the completion of
the Rome Atlanta A Macon division of the company’s railroad now in

178 miles in length, and the company has contracts with
responsible parties for the completion of the division during the year
for the proceeds of the funds so held in trust. The company owns 1,123
°V,ie company, due January 1, 1907, reserved for that purpose.”
The following shows the gross earnings, expenses and net income for miles of railroad, of which 902 miles are in operation and the remainder
is in progress. It also operates under a lease for twenty years from
four years:
°
July 1, 1879, the lines or the .Memphis A Charleston Railr- ad Company,
1881.
188".
1879.
1878.
from Chattanooga to Memphis, Tenn.. 310 miles, and the Flo ence and
$370,474 Somerville branches, 20 miles, in all 330 miles, making a total of 1,232
$280,142
$314,674
£roiu passengers
$236,734
From freight
959 814 miles of
786.764
852,931
694,372
proprietary and leased lines now in operation and 221 miles in
From miscellaneous..
47,409 progress. The lease of the Memphis A Charleston RR. is an operating
38,926
42,024
35,545
lease simply, and creates no moneyed obligation against the East Tenn.
Ga. RR., all net earnings being paid over to the lessor company.
Va.
Total income
$1,377,698 The A
$970,033
$1,108,932 $1,203,151
company has $5,000,000 cash m its treasury for equipment and
934,429
operating expenses.. 597,835
739,004
659,787
betterment purposes.” Tn March, 1882, a new an augment was effected
consisting of a purchase by the East Tennessee Company of the stock
of the Memphis A Charleston Company, amounting to $5,312,725. in
Netearnings
$372,198
$-449,145
$464,146
$443,26
exchange for which it was to issue new securities, the amount of which
-(V.
includes $7,000,000 common stock. $1,387,000 preferred stock, and
32^>. 394; V,34, 406.)
No
i
$4,387,000 income bonds. This does not affect the $4,222j 00 mortgage
bonds on the Memphis A Charleston property. The issuetq the Memphis
^ Marquette.—Main line, Point St. Ignace, Mich., t
A Charleston stockholders was at70 per cent of their holding' in income
Trm,1oiUe!t?> l?2 oiilt-fc; branch projected to Sault St. Marie, 48 milei bonds, 70 per cent preferred stock, and 100 per cent common
18 $4,750,000, in
$100 shares. The land bonds receive 25 pc
stock. The incomes pay 6 per cent interest in April and October if
progress,

,,

xr^froH^lctyna?

pr/JiVi Hp* proceeds of land sales as their yearly income.
^resident; George I. Seney, director in N. Y.

8inii w-’i 5s

Jas. McMillai

^Pakota.—Dce. 31,1881, owned from Sumner, la,, to Ham; mi*08- Built ou the old grading of the Iowa Pac. Dubuque A

guarantee the bonds issued for construction to the extent of
Ahn™
Bonds may be paid off at any time at 105. Bonds as
i-^nAA*
b°r mile; preferred stock $10,000 and ordinary stock
*o,U00; total,

earned.
No annual report of the consolidated company has yet b‘an
and its financial status is somewhat complicated and diilLml: to
stand. The earnings ami expenses of the consolidated road for
months

ending December 31, 1881, were as follows:

^

$25,000

per

mile.

(V. 32, p. 69.) Z

i.. ********

3Xfl3 Wf HA'

From
From
From
From

\vit:h
187a

tyt.aw?‘ss ^drnnigs for ten years and 30, percent for next ten years,
make the lease perpetual at the latter rate. Earnings

1879] |i)”7pl;




uot (aftcr drawback to I. F. & S C.), $394,145. Gross

$ 147,657

passengers

1,202.539

freight
mail and express

69,919
15,472

other sources

Maintenance of way...

Rolling stock.*
Transportation
Miscellaneous, includ’g
taxes

T^ ‘Poux City.—Dec. 31,1881 owned from Dubuque, Towa, to
(w
’,H3 miles. Chartered as Dub. A Pac. in 1856. Leased to Ill.
cent!nf0m ^Ct* 1* 1867. for 20 years, the lessees agreeing to pay 35 per

Total
Net

$1,735,588

Total

291.)

$3 > 1,33 ?
343.0*6

216,166
126,143
$!.•>) 9.658

$ 15,929

earnings

—(V. 32, p. 69, 265, 552,
p.

under¬

the six

EXPENSES.

F. MININGS.

aAA

issued,

612; V. 33, p. 303, 357, 46?. 716,

736; V. 34*

I

p

j

»

KAILKOAD

£&X

Subscribers will confer a great favor by giving

BONDS.

AND

STOCKS

[Vol. XXXIV,

Immediate notice of any error discovered In tliese Tables.
1

explanation of column headings, Ac., see notes

For

on

first page

of tables.

Virginia & Qa.—(Continued)—
Virginia (endorsed)
mortgage to U. S. Government

Miles
Date
of
of
Road. Bonds

Size, or

Amount

Par

Value.

Outstanding

$1,000

Rate per
Cent.

$147,000

East Tennessee

East Tennessee and

1876-90.
2d

Eastern (Mass.)—Stock
Essex RR.lst mort. (extended

130

1851

Elizabeth City <£ Norfolk- 1st mortgage,
2d mortgage, income (cumulative). .

1876
16
38
94

Eel River—Stock

75
75

gold

Sinking fund debenture certificates
Elizabeth. Lex.dBig Sandy—1st mortg., cp, or reg..
Elmira Jeff. & Canandaigua.—Stock

1856
1872

282

for 10 years)

Mortgage funding certificates
Eastern (N. H.)—Stock
Eastern Shore (Md.)—1st mortgage

Equipment bonds

110
47
77
77
77

1860

1879
1880
1881
1881
1872

1876-9

100
100 Ac.
500 Ac.
100
100 Ac.
100

4,997,600
194,400

Equipment bonds....

Eurbp'n & N. A m.—1st M., Baug’r to Winn.,Bang’r l’n
Evansville & T. Haute—Stock ($100,000 is pref. 7).

1st mortgage, Evansv. A Ill., sink, fund
1st mortgage., sink, fund, (Evansv. to T.H.)
Consol, mort.', gold (for $1,500,000)
Evansville Terre Haute & Chic.—1st mort., gold
2d mortgage, gold

1,000
1,000

1,000
1,000

Bonds,’coupons, ($3,500,000 authorized)

Fluit & Pere

Marquette—Preferred stock
Reorganization mortgage bonds, gold

per

81*2
81*2
81*2

1862
1865
1868

56
115
51
109
144
55
55
189

1869

1,000

year).

345
283
17

2,236,000

years

50

1854
1876
1869
1872

1,000
1,000

1880
1868

1,000

2,000,000
6,500,000

per

cent thereafter.

Elizabeth

City & Norfolk.—December 31, 1881, owned from Norfolk,
Va., to Edent n, N. C., 75 miles. Capital stock, $1,000,000. (V. 34,
p. 62.)
Elizabethtown

Lexington <£ Big Sandy.—Road owned February, 1852 :
Big Sand}' River (C. & O. Junction) to Ashland, 8 miles; Straits Creek
Junction to Lexington, 102 miles; leased—Ashland to Straits Creek
Junction. 22 miles; total operated, 132 miles. Charter permits exten»ion to Elizabethtown. It is the connecting line of the Chesapeake A
Ohio and controlled by the same parties. Authorized capital of the
company is $5,000,000. with a provision in the charter to increase it to
$10,000,000. Amount issued, $4,184,200 (V. 32, p. 544; V. 34, p. 292.'
Elmira Jefferson <&

daigua, N.

Canandaigua.—Dec. 31, 1881. owned from Canan¬

to Jefferson, N. Y., 47 miles. The road was foreclosed and
reorganized under present name Feb. 18,1859. It was leased to New
York & Erie for 20 years from Jan. 1, 1859, and the lease transferred
toN. Cen. RR. in 1866 at a rental of $25,000 per year. Lease termi¬
nated Jan., 1879, and road now operated at cost by Northern Cen.
Elmira & Williamsport.—Dec. 31,1881, owned from Williamsbar, Pa.,
to Elmira, N. Y., 76 miles. This company was reorganized under the
present name Feb. 29, 1860, and leased to the Northern Central Rail¬
way for 999 years from May 1, 1863, at a rental of $155,000 per annum
since Jan. 1, 1880. The dividends on the common stock are 5 per cent
and on the preferred 7 per cent. Operations are included in the North¬
ern

Central returns.

Erie <t Pittsb.—Dec. 31,1881, owned from Newcastle,Pa., to Girard,
Pa., 82 miles; branch, Dock Junction to Erie Docks, 3 miles; leased—
Girard to Erie, 15 miles; total operated, 100 miles. Road opened in 1865Itwas leased to the Pennsylvania RR. for 999 years from March 1,
1870, at a rental of 7 per cent on stock and interest on the bonds,
and the lease was transferred to the Pennsylvania Co. The lease has
been quite unprofitable to the lessees; in 1879 the deficiency paid by
them was *232,653; in 1880, $242,819; and in 1881, $233,522. Wm. L.
Scott is President, Erie, Pa.
European <£ North American— Sept. 30, 1881, owned from Bangor,
Me., to Vanceboro (State Line), Me., 114 miles. Road was worked in
connection with the St. John A Maine, making an unbroken line from
Bangor, Me., to St. John, N..B., 205 miles. In 1875 default was made,
a?
mew company was q) g; nized October, 1880, which issues new
fitock ($2,500,000) for the land grant mortgage.
The company had
,


it


3
6 g10

300,000

Where

When

pal,^When Due.

Payable, and by

Payable
M. A N.

Stocks—Lmt

Whom.

N.Y., R. T. Wilson A Co.

Dividend.

May 1, 1886

Jan.

....

J. A J.
M. A S.
.M. A 8.
J. A D.
I. A J.
....

Boston.
do
Boston and London.

Boston, by Treasurer.

Dec. 1, 1881
Jan. L 1900
Mar. 1, 1882
May 1, 1885
Sept. 1, 1920
Jan. 1, 1970
Oct. 1, 1892
Mar. 1, 1902

Philadelphia.
Boston, by Treasurer.

Q-F.
M. A S.

New York.

Yearly.
A. A O.
M. A. S.

New York.

Baltimore, N. Cent. RR.
M. A N. Phila., Penn. li. R. Co.

Sept., 188i
May 1, 1882
Jan.1,1882

....

J. A J.
J. A J.
A. A O.

do
do
do

do
do
do

Jan. 1, 1910
Oct. 1, 2862
Mar. 10, 1S82
July 1, 1882
Anril 1, 1830
July 1, 1898
Oct. 1, 1890
Jan. 1, 1894

N. Y., Union Trust Co.
do
do
J.
do
do
O.
do
do
J.
do
do
O.
J. Bost., Mercli. Nat. Bk.
N.
Company’s Office.
J. N.Y.,Farin. L’anA 15Co.
do
do
N.
do
do
J.
N. N.Y.,Farm.I/an A T.Co.
do
do
J.
D.
Boston, Office.
do
0.

Q.-M.
J.
A.
J.
A.
J.
M.
J.
M.
J.
M.
J.
J.
A.

A
A
A
A
A
A
A
A
A
A
A
A
A

l, 1887

July 15.1873
Sept. 15,1886
Sept., 1906

Nov., 1881
1, 1887
1, 1887
July 1, 1921
Jan.
Nov.

Nov. 1,
Jan. 1,
Jan. 2,
1694 to
Jan. 16,
Oct. 1,

1899
1902
1882
1900
1882
1920
May 1. 1888

....

A. A O. N. Y., Mer. Ex. Nat. Bk.
M. A N. N. Y., Meehan; Nat. B’k.

a land grant of 750,000 acres in the State of Maine.
In the year ending
September 30,1881, the gross earnings were $477,937 and not earnings
$79,768. (Y. 33, n. 621.)
Evansville & Terre Haute.—Y. 33, p. 467, 343, 502.
Evansville Terre Haute & Chicago.—June 30, 1880, owned from Terre
Haute Junction, Ind., to Danville, III., 49 miles; leased, 6 miles; total
operated, 55 miles, It uses 6 miles of the track of the Rockville Exten¬
sion into Terre Haute; also leases the Indiana Block Coal road, 14
miles. On April, 30, 1880, a lease to the Chicago A Eastern Illinois
was made for 999 years; terms, $75,000 per annum and the assumption
by the C. A E. I. of all rentals and taxes paid by E. T. II. A C. The
bonded interest was reduced to 6 per cent and preferred stock for $100,000 issued for overdue coupons. Earnings for three years past were:
Years.
Miles. Gross Earnings. Net Earn’ga.
55
$222,782
$98,233
55
77,224
209,673
55
242,896
94,236
—Josephus Collett, President, Terre Haute, Ind.
.

Fitchburg— Sept. 30, 1880, owned from Boston, Mass., to Fitchburg
track), 50 miles; branches—Charlestown, 1 mile; North
Cambridge to Waltham, 7 miles; South Acton to Marlborough, 12 miles:
Peterborough & Shirley, Ayer, Mass., to Greenville, 24 miles; leased
and operated—Vermont A Mass. RR., Fitchburg to Greenfield, 56
miles; Turners Falls Branch; 3 miles; Troy & Greenfield RR., Green¬
field to North Adams, 37 miles; total, 190 miles. The Troy A (greenfield
RR. and the Hoosac Tunnel, owned by the State of Massnclwsvtts, have
been operated by this company, and are now contracteaYTix tor seven
years rrom Sept. 30, 1880.
The annual report for 1880-81 in Chron¬
icle, Y. 33, p. 685, said : “The increase in expense**, which reduced the
net earnings so largely, is partly explained below ; much of it waa
doubtless due to the very low rates on through business for part of the
year, and something also to the general increase in cost of labor and
Mass, (double

The result of the year was as

materials.”

follows :

Net earnings
Interest
Rentals

Eel River.—Dec. 31, 1880, owned from

Logausport., Ind., to Butler,
Ind., 94 miles. This was formerly the Detroit Eel River A Illinois RR.,
sold under foreclosure July 6, 1877, and reorganized under present
name Dee. 10, 1877.
In August, 1879, it was leased to the Wabash St.
Louis A Pacific Railroad for 99 years, at a rental of 3 per cent per
annum on the stock for two years, 4 per cent for three years, and 4*2

5, 6 A 7

3,088,000

500 &C.

Eastern Shore (Md.)—Dec. 31, 1880, owned from Delmar to Christ!eld,
Md., 38 miles. The road Was sold in foreclosure Feb. 19, 1879, subject
to the first mortgage. George R. Dennis, President, Kingsland, Md.
Act
passed Legislature of Md., and signed by Governor (April, 1880,) to re¬
organize road. Stock, $450,000 (partly com. and partly pref.), in shares
of $25. Pref. to receive 6 per cent dividend before any is paid on com.

91,800

325,000
4,950,000

100

4*2

1\
7
7
7
7
6
2
7
7
6 g.
6 g.
6 g.
3

281,000
611,000
2.078,000
775,000

1,000
1,000
1,000
1,000

and two months at $22,500 per year, equal to
Moody Currier, President, Manchester, N. II.

570,000

685,000
1,000,000
3,000,000

1,000

Eastern (N. 77.)—Sept. 30, 1830, owned from Massachusetts State
Line to Maine State Line, 16 miles. It was formerly leased for 99 years
to the Eastern (Mass.) Railroad, and a new lease was made from Oct.

1,1878, for 60

6
5

1,000,000

1,000

Easternf Mass.—Sept. 30, 1881, owned from Boston, Mass., to New
Hampshire State Line, 41 miles; branches—Salem to Marblehead, 4
miles; Beverley to Gloucester, 17 miles; Salisbury to Amesbury, 4
miles; Revere to Lvnn, 10 miles; Peabody to Wakefield, 8 miles; Salem
to Lawrence, 20miles; others, 14 miles; leased—Eastern RR. of N. H., 16
miles; Newburyport City lilt., 3 miles; Portland Saco A Portsmouth, 51
miles; Portsmouth A Dover, 11 miles; Portsm. Gt. Palls & Conway, 71
miles; Wolfeboro Railroad, 12 miles; total operated, 282 miles.
The company became embarrassed in 1875 and compromised with its
bondholders by t lie issue of a general mortgage to fund all the prior non¬
mortgage debts, the new borfds to bear 3*2 per cent for three years from
1876, then 4*2 per cent until September, 1882, and 6 per cent thereafter.
Notes payable are $687,200, secured by collateral or real estate.
The last annual report was published in V. 33, p. 561. Operations and
earnings for five years past were as follows:
Gross
Net
Passenger
Freight (ton)
Years.
Miles.
Receipts.
Receipts.
Mileage.
Mileage.
282
68,502,002
39,099,659 $2,451,323 $799,317
282
871,810
39,116,073
61,706,681
2,422,394
282
994,785
65,403,019
44,996,094
2,485,977
282
61,707,305
77,081,998
2,905,056 1,084,927
282
83,411,100
63.099,873
3,091,273 1,124,600
—(V. 32, p. 15, 687; V. 33, p. 527, 561.)

per cent per annum.

2*2
3*2

1,998,400
249,200

.

1852

2*4
6
1
7
6 g.
6
6
6
5

2,972,800

500
50
100 Ac,
lOOAc

’74-’80

Fitchburg—Stock

$25,000

100

4*eg

13,429,605
492,500
400,000
83,000
900,000
1,000,000
250,000
3,500,000
500,000
500,000
500,000

100
50
50

1860
1863

6
4
3
6

95^000

11876-90
70 8
Elmira <£• Williamsport—$tock, common
Preferred stock. T
*.
1st mortgage bonds
Income bonds, 999 years to run
Erie & Pittsburg—Stock
1st mortgage^convertible into consolid. mort
2d mortgage, convertible
Consolidated mortgage free of State tax

Flint*. Holly RR. (snik’g fund

Bonds—Princi¬

INTEREST OR DIVIDENDS.

DESCRIPTION.

,

$140,180
237,811

-

$528,392

315,000—692,991

Dividends, 7 per cent...

$164,599
have
than
anything else, have interfered with a successful return. Beginning
with October last year there was a serious blockade, owing to a lack of
terminal facilities at this end of the road, extending into December. In
January, February and March there was a disastrous snow blockade
upon tlie New York Central, followed by a strike of brakemen lasting
Deficit for the year

The report says: “ The past year’s operations of the Fitclib’g RR.
been marked by several unprecedented occurrences, which, more

about three weeks. Soon after this the ruinous warfare in through rates
began and is still being furiously fought. Add to these drawbacks the
want of terminals in the shape of elevators and wharves, which are
now nearly ready for business in the Charlestown District, and the con¬
dition of the Vermont A Massachusetts Division, a large portion of
which is being double-tracked, and it is surprising that the road makes
as good a showing as it has for the past year’s work.”
Operations and earnings for five years past were as follows:
Dtv.
Passenger Freight (ton)
Gross
Net
Years.

Miles.
152
152
152
190
190

Mileage.
Mileage.
30,690,340 53,224,939
32,266,503 68,041,193
35,094,145 92,832,640
39,752,302 109,323,290
42,854,047 114,507,916

Receipts.

$1,920,413

Revenue

1,937,934
2,079,973

2,454,598
2,612,595
-(V. 32, p. 43, 334; V. 33, p. 622, 685 ; V. 34, p. 146.)

18S0-81

....

....

"

Flint <6 Fere

Marquette.—Dec. 31,1881, owned from

$342,179

347,620
379,202
488,851
237,811

p.et,

6
6
6
8
7

Monroe,Mich., to

Ludington, Mich., 253 miles; branches—Bay City to East Saginaw, 12
miles; Flint Junction to Otter Lake,\20 miles; St. Clair branch, 4miles,
Saginaw & Clare County Railroad, 16 miles; Manistee branch, zn
miles; leased—Saginaw A Mount Pleasant Railroad, 15 miles;
tyfi
operated, 345 miles. A Receiver was appointed in June, 1879; tne
road was sold August 18, 1880, under the consolidated mortgage, ana
reorganization was made andpreferred stock ($6,500,000) issued fortne
consolidated mortgage bonds, and common stock ($3,500,000)18 to oe
issued for the old stock. The common stock has no present right to \ oxe
or to receive dividends, and will
be issued only after the P*;ere*"r
stockholders have received 7 per cent yearly dividends for nve^con-

and alter / pc
of income,

secutive years. The preferred stock is not cumulative,
cent per annum is paid on both classes of stock, the balance
if any, is to be divided ratably.
On Jan. 1, 1882, the
hand for lands sold were $902,059, and lands yet unsold

land notes on

138,454 acres.

Earnings for four years past were as follows:
Miles.

Years.

...'

280
307
317
317

(V. 32, p. 288, 575 ; V. 33, p. 254; V.

Gross

Earnings.

$1,056,017
1,151,201
1,599,624

1,885,414

34, p. 60.)

Net Earnings.

$388,786
405,289
455,687

570,092

April,

KAILKOAD

1882.

Subscribers will confer a

explanation of column

•

on

tirst page

headings, &o., see mote^
of tables.

Pere Marquette—(Continued) —
*
City efc E. Saginaw, 1st mort., guar by lessees
Bay County, issued in aid, guar, by lessees.. ------Holly Wayne efc Monroe, 1st mort., sinking fund.

Flint d
Bay
f

gold
mortgage
Fort Madison d Northwestern— 1st mort., gold
Fort Wayne & Jackson—Pref. stock, 8 per cent

Florida

Central d Western— 1 st mort..

Fonda Johnstown d Gloversville—1st
Consol, morrgaue.. ... - - -

d Louisville—Stock
mort. ($20,000 per mile)
Fi’ederick if- Pennsylvania Line—1st mortgage
Fremont Elk-horn d Mo. Valley-1st mortgage. ....
Worth J Denver- 1st

1st mortgage
Income bonds

Galveston

- - • -

Hurrisb.d S. Antonio—1st mort, gold, 1. gr.

2d mortgage

-

Henri, of 1871—1st mort
Ithaca & Sayre—1st mort., 8. f., gold

Galveston Houston d;
Geneva

Georgia Pacific—
Georgia Railroad d Banking Co.—Stock
Bonds, not mortgage
Bonds, not mortgage
Macon & Augusta, 1st mortgage
Grand Rapids d• Indiana—Stock
1st mort., land grant, gold (guar, by Pa. RR)
1st mort., gold, ($1,895,000 are land grant)
income

mortgage

Miles
Date
of
of
Road. Bonds

13

Size, or

Amount

Par

Outstanding

Value.

1867

....

1871
1877

1,000
1,000

10
26
100
100
100
109

1870

100 efcc.

1880
1880

100 etc.
500 etc.

28
51
39
51
256
226
50
35

1870
1871
1879
1876

1,000

1880
1872
1870

1,000
1,000

....

Gulf Colorado d- Santa Fe—1st M., g. ($12,000 p.m.;
Hannibal d St. Joseph—Common stock
Preferred stock (7 p. e. yearly, not cumulative).
Bonds 1870, convertible
Land grant bonds, secured by land notes
<...

77
332
332
332
332
219
219
371
292

....

77&80
1867

....

1,000
100

1869
1869

1,000
1,000

1875

1,000
1,000
1,000
1,000

1881

1881
1879

100
100

....

292

100
500
1.000

1870
1878

....

The capital stock was then reported as fixed at $3,000,000, divided
30,000 shares, of w<iicli Sir E Iward Reed took 10,000; Wayne
Mac Veagh, 1,000; Reed an 1 MacVeagh .jointly, 11,000 ; Henry Arny,
3,000; W. T. Carter, 2,000; Walter Iliiickman, 1.500, and C. S. IIinchman, 1,500.
(V. 32, p. 100, 331; V. 33, p. 124, 527 ; V. 34, p. GO, 315.)
Fonda Johnstown d Gloversville— Sept. 30, 1880, owned from Fonda,
N. Y., to Gloversville, N. Y., 10 miles; leased, Gloversville & Nortliville

&c.
into

6
7 g.

N. Y.,

Tables.
Bont/tf—Princi¬

pal, When Due.

and by

Merch. Nat. Bk.
New York.

N.Y.. Merch. Nat. Bank.
Jacksonville, Fla.
N. Y., St. Nidi. Nat. B’k.
do
do

N.Y.,G.K. Sistaro’s Sons

2*3
*“"***

v

4,000,000
CO

Stocks—Last
Dividend.

July 1, 1882
Sept. 1,
Jan. 1,
Jan. 1,
July 1,
May 1,
A mil 1,

1887
1901
1907
1900

1920
1905
July 11, 1881

*

.

7
6
7

4,800,000
1,000,000
1,493,000
600,000
0)
4,200,000

et J.
efc J.
efc J.

J.

efc

A.
M.
F.
M.
J.

efc
efc
efc
efc
efc

3*2

317.082

I.
J.
J.

7 g.
7 g.
7
6
8
7 g.

312,000

A. et
A. et
A. et
A. et
F. et
J. et
J. et
J. efc

F.

N. Y., Nat.
do
do

296,000
5,000,000
4,000,000
2,905,000
1,095,000
1,600,000
3,781,000
4,452,000
9,168,700
5,083,024
4,000,000

do
do

Boston and London.

N.Y., R. Sage, 78 B’wav.
N. Y., Metrop.«Nat. B’k.

stock is $850,000 com.,

Feb. 1,
June 1,

1910
1905
July 1, 1902
July 1, 1890

Augusta,Ga., RR. Bank. April 15, 1882
do

Yearly to 1890

do
do

do
do
do

1897 efc 1910
1887

J. N. Y., Third Nat, Bank.
O. N. Y., Winslow, L. <fc Co.
do
do
8.
A. N. Y., Nat. City Bank.
do
do
N.
J. N.Y.Nat.City Bk.efcGalv.

efc A. N. Y., Company’s Office
M. efc S. N. Y., B’k. No. America.
J. & J. N. Y., Farm. L. efc T. Co.

8
7

90,000

Park Bank.

N.Y'.,D.,M.efeCo.,efc Lond.

Q.-J.

289,500
2.000,000

1900
1901
1899
1886

Pennsylvania RR. Co.

O.
O.
O.
O.
A.
D.
J.
J.

6
7
7
7
6 g.
7
7 g.
7 g.

250,000
690,000

1.000

Florida Central d Western—This was a consolidation in January,
1832, of the Florida Central, the Jacksonville Pensacola & Mobile,

7

J.
S.
J.
J.
J.
0.
0.

429,000

....

....

8
7 g.

2,284 800

1,000

100 etc.

&
efc
&
et
et
et
A. et

10

500 eto.
500 &c.

’71-’80

J.
M.
J.
J.
J.
A.

10

75,000
1,000.000
309,000
300,000
200,000
700,000

500

65
59

....

Rate per When Where Payable,
Whom.
Cent.
Payable

$100,000

$500&c.

....

307

bonds, for $10,000,000

Green Bay Winona d St. Paul— 1st mort. coup
2d mort.' income bonds, reg., noil-cumulative

W. J. Heacock,

XXXI

INTEREST OR DIVIDENDS.

8017881
Common stock. —
Fort Wayne Cincinnati

Fort

BONDS.

great favor by giving immediate notice of any error discovered in tbese

DESCRIPTION.
For

AND

STOCKS

1899
1899
1906
Feb. 1, 1911

May 1, 1911
July 1, 1909
1, 1.882

Feb.

Mar., *1885
Jan.

1, 1888

and also pref. stock of $850,000 is authorized.

earnings in 1878-9 were $302,572; expenses, $475,423; deficit,
$172,850. Gross m 1879-80, $318,464; expenses, $427,999; deficit,
$109,535. R. A. Packer is President, Sayre, Pa.
Georgia Pacific.— Projected line from Atlanta to Mississippi River.
Built by Richmond & Danville Extension Co., which has $5,000,000
subscribed capital. See V. 33, p. 201; V. 34, p. 60.
Georgia Railroad d Banking Company.—Augusta, Ga.,to Atlanta, Ga.,
171 miles; branches to Washington and Athens, 60 miles; Warrenton,
Ga., to Macon, Ga., 76 miles; total operated, 307 miles. The West¬
Gross

ern RR. of Alabama, purchased in May, 1875, at foreclosure, is owned
jointly with the Central RR. of Georgia. The Macon efc Augusta RR.,
76 miles, is owned by this company.
The Port Royal A Augusta RR.
to is owned in part by this company. In April, 1881. a lease for 99 years

President, Gloversville, N. Y.
Northwestern.—Owned from Fort Madison, la.,
miles. Projected line, Fort Madison to Oscaloosa,

Fort Madison d
West Point. Ia., 11

Under construction, and bonds sold in New York
1881, by G. K. Si tare’s Sons.
Fort Wayne, d Jackson.—Dec. 31, 1881, owned from Jackson, Mioh., to
Fort Wayne, lud, 100 miles. This road is successor to the Fort Wayne
Jackson & Saginaw, which made default on its bonds and was sold in
foreclosure Dec. 3, 1879. Eight per cent preferred stock given for old
first mortgage bonds and interest, and 60 per cent in common stock and
40 per cent in 8 per cent preferred given for old second mortgage bonds.
Gross earnings in 1881, $295,502; net, $117,602.
Fort Wayne Cincinnati d Louisville.—From Fort Wayne, Ind., to Connorsville, Ind., 109 miles. The Fort Wayne Munoie & Cincinnati Com¬
pany defaulted and a receiver was appointed Nov., 1874.
The road
was sold in foreclosure, July 27, to Ely an Smith, for the bondholders, for
(See plan,
$1,000,000. The bondholders reorganized under this name.
V. 32, p. 577.) Elijah Smith, President, Boston, Mass. (V. 32, p. 121,
la., 100 miles.

was

made to W. M.

Wadlcy and associates at $600,000 per year, pay¬

semi-annually, and dividends are 2% per cent quarterly from Oct.
1, 1881. (V. 32, p. 69, 334, 396, 420, 526, 551, 612.)
Grand Rapids d Indiana.— Dec. 31, 1881, owned from Fort Wayne
Ena., to Bay View Mich., 332 miles; leased and operated; Cm. Richmond
& Fort Wayne RR., 86 miles; Allegan efc 8. E. RR., 11 miles; Traverse
City Railroad, 26 miles; Bay View Little Traverse & Mackinaw Rail¬
road, 6 miles; total, 462 miles. This road was opened in May, 1874,
For the terms of the lease of Cincinnati Rich. <fc Fort Wayne Railroad—
see that company in this Supplement.
The Grand Rap. & Ind. RR. is

able

operated in the interest of the Pennsylvania RR. Co., and $4,000,000 of
the first mortgage bonds are guaranteed by that company, which buys
the coupons eacn year

that remain unpaid by the earnings,

and on Jan.

First mortgage bonds
replaced by income bonds issued.
The company had land grants amounting to 852,960 acres, and sold
in 1881 46,766 acres, for $615,283. The lands unsold were 530,356
577; V. 33, p. 100, 153.)
acres.
The assets were $1,126,529 cash in hands of trustees; $751,880
Fort Worth d Denver—Road projected from Fort Worth, Texas, north¬ bills receivable, and cash with cashier, $59,748. Operations and earn¬
west to the Canadian River at a junction with the Atl. & Pacific.
Built ings for five years past on main line were as follows:
Gross
Net
Passenger
by Texas & Colorado Improvement Co., G. M. Dodge, President. (V.
Freight (ton)
p. 384, 716; V. 34, p. 453.)
Frederick d Pennsylvania Line.—Dec. 31,1881, owned from Kingsdale
to Frederick City, ivid., 28 miles. It is leased to Pennsylvania RR.,
which pays interest on first mortgage. Preferred stock held by Penn¬
sylvania RR., $460,000; common stock, $312,528. Charles E. Trail,

33,

President, Frederick City, Md.

Fremont Elkhorn d Missouri Valley.—Fremont to Oakdale, Neb., 110
miles. Leased to Sioux City & Pac. RR. The rental is 33% per cent of
gross earnings. Stock, $846,000.
James Blair, President, Scranton, Pa.
Galveston Hannsbiirg d San Antonio.—Dec. 31, 1880, owned from

Harrisburg. Tex., to San Antonio,Tex., 215 miles; Houston to Harris¬
burg, 11 miles; Lagrange Extension, 30 miles. Total operated, 256

miles.
Extensions to the Rio Grande and to El Paso in progress.
This was a successor to the Buffalo Bayou Brazos efc Col. Railway.
The road was opened to San Antonio March 1, 1877. The gross earn¬
ings in 1879 were $1,390,679; net earnings. $818,766. In 1880, gross,
$1,392,890; net, $799,164. The capital stock is $6,450,000, of which

$4,638,794 is paid inand $1,811,205 is represented by lands and bonds.

The bills payable Dep. 31. 1879, were $288,593, and the debt due the
School Fund of Texas' was $365,842. The 1st mortgage covers the prop¬
erty and about 1,800,000 acres of land. The proceeds of land sales are
used to retire the bonds, and a sinking fund of 1 per cent begins in 1880,
but it is optional with bondholders to surrender their bonds, if drawn.
In

June, 1881,

a controlling interest in the stock was bought by South¬
Pacific parties. The land grant is sixteen sections (10,240 acres)
per mile. (V. 32, p. 334, 660; V. 33, p. 75, 528 ; Y. 34, p. 114, 315.)
Galveston Houston d Henderson of 1871.—Dec. 31, 1880, owned from
"a™t°ni Tex., to Houston, Tex., 50 miles. The road was opened in
ern

18o3-4 and sold in foreclosure Dec. 1, 1871, and reorganized.
In 1879
foreclosure suit was begun by NT. A. Cowdrey, one of the trustees of

a

^j16 mortgage. In February, 1880, Mr. Israel Corse, of New York, was

elected President, aud in July the company defaulted on its interest.
Koad placed in trustee’s bauds in
September, 1880. In March, 1882. a
aecree or foreclosure was made.
See V. 34, p. 378 for particulars.
The
stock

isj$l,000,000 Operations and earnings for three
Gross
Passenger
Freight (ton)

Years. Mileage.
1878.. 2,213,944
1879.. 2,416,653
1880.. 1,990.108

Mileage.
8,430,962
9,928,275
7,492,133

460')32,P'312,500,577; ^ 33,

Earnings.
$495,440
536,847
346,462
p.

years:

Expenses.
$290,385
307,286
294,525

Net

Earnings.

total

332

229,560
51.937

i

placed in the hands of a Receiver,
jflLaxcn4,1875, and the road was sold in foreclosure Sept. 2, 1876, and
inis
company organized in the interest of the Lehigh Valley RR. The

Earnings.

Earnings.

$1,097,107

Mileage.
35,633,459
42,437,701
51.267,197
69,801,159
79,316,473

$348,745
242,458
432,645
476,745

1,200,629
1,345,134

1,692,754
1,940,570

562,890

-(V. 32, p. 155; V. 33, p. 47, 225, 622, 716; V. 34, p. 315.)
Green Bay Winona d St. Paul.—Dec. 31, 1881, owned from Green
Bay, Wis., to Marshland, Wis„ 209 miles; branches, 10 miles; total, 219
miles. This was a reorganization in;1881 of the Green Bay efc
sota, which company made default and the road was
1881. See full statement of debt and plan of reorganization in

Minne¬

sold March 12,
Chron¬
Pref. stock is $2,000,000, and entitled t9 7 per
icle, V. 31, p.453.
cent when earned, and common stock $3,000,000, both stocks iu $100
shares.
In 1880-81 net earnings were $114,106. (V. 32. p.69,100,
368, 396, 636; V. 33, p. 441, 580, 587, 641, 736; V. 34, p. 264.)
Gulf Colorado d Santa Fe.—July 31, 1881, operated from Galveston to
Belton, Texas, 226 miles, including 19 miles of Iut. efc Great Northern,
leased. Road opened late in 1878 (63 miles), and sold and reorganized
April 15, 1879. Formally opened under new regime August, 1880.
Extension in progress. Total constructed March, 1832, 354 miles.
Stock authorized. $2,350,000. George Scaly, President, Galveston, Tox.
(V. 32, p. 312; V. 33, p. 47, 470, 502; V. 34, p. 114, 344.)
Hannibal d St. Joseph.-December'31, 1881, owned from Hannibal,
Mo., to St. Joseph, Mo., 206 miles; branches—Cameron to Kansas City,
53 miles; St. Joseph to Atchison, Kans., 19 miles; Palmyra to
Quincy, Ill., 13 miles; total operated, 292 miles. The main line was
opened February, 1859. The company had a Congressional land
o-rant and received $3,000,000 in bonds from the State of Missouri, which
loan was repaid in cash June, 1881, but litigation followed as to the
interest payable on the State bonds. The land sales fmr four years past
were as follows: 1878,15,209 acres for $152,783. average $10 45 per
acre; 1879, 64,272 acres for $494,773, average $7 76peraore; 1880,
74,^62 acres for $551,774, average $7 37 per acre; 1881, 29,836 acres
Preferred stock has prior right
i.
foi* $204,107, average $6 84 per acre,
to a non-cumulative dividend of 7 per
i
both share. Prices of stock as follows ;

1882.

January
February
March

N. Y., to

7b miles; branch, Ithaca, N. Y., to Cayuga, N. Y., 38 miles;
operated, 114 miles. Organized Oct. 2,1876, as successor of the




24,661,483

Miles.
332

332
332

April

965s- 9*4%
110 - 91
91 %- 90

May

-

June

-

e?KV^rtlla(;a & Aliens RR., which had been formed by consolidation
ooJ?eIieva & Ithaca and Ithaca & Athens railroads, May 25, 1874.
°/.ai80Vbed on its interest was
tho Cayuga & South. RR., 37 miles. The G. I. & A. September
aulted
October

t«

Mileage.
13,863,997
15,184,660
17,823,880
21,309,396

332

Years.

coupons.

cent; then common to

$205,055

441, 502; V. 34, p. 146, 344, 378,

Ithaca d Sayre.—Sept. 30,1880, owned from Geneva,

I, 1882, held $1,724,669 unpaid
redeemed by the sinking fund are

July
August

November..
Deoember

-

-

-

1881.
57%- 44%
60%- 47%
593s- 515s
59% 56%
85 - 85%
93 - 82
94%- 89%
98 - 91
350 - 94%
350 - 85
100 -

96%- 94
98 %- 94%

1882.

7; then

-Preferred.1881.

-100%
107%- 94
105%- 96

111%-106%
110%- 91
93 %- 76

110

...1

105
116

.

..

-

-

-

-

-

-

-100
-104

116%-112
118 -xl07%
117%-111%
121
117

-112

-111%
114%-109
116 -109%

EAILEOAD

XXXI1

Subscribers will confer

a

STOCKS AND

BONDS.

great favor by giving immediate notice of any error discovered In
tlicse Tables.

DESCRIPTION.

INTEREST OR DIVIDENDS.

Miles

explanation of column headings, Arc.,
on first page of tables.

see notes!

1

For

Date
Size, or
of
Par
Road. Bonds Value.

Amount

of

Outstanding

9781
Hannibal <C- St. Joseph—(Continued)—
Consolidated mort. (lor $8,000,000)
Ronds Quincy Sc Palmyra KR
Bonds Kansas City Ac Cam. RR
Hai'risb. Portsm'lh Mi. Joy <£ Lane.—Stock

j

292

!

I

53
54
54

!

28

i

mortgage.
Harrisburg dt- Potomac—1st mortgage, coupon
Hartford <£• Connecticut Vat ley—Bonds
Hartford d- "Western Connecticut—Stock

!

187-90.

74

....

1867

.

.

•

50
500 Are.
100 Sic.

1880

522

100
500 Ace.
500 Ace.
500 Ace.
500 Ace.

1,000
1,000

58

1,140,000

1,000
1,000
1,000

58

4,117,000
84,000
4,300,000
416,000
367,500
1.497,000
118,894
29,000,000
2,500,000
4,200,000
1,000,000
1,600,000
200,000

1854

58

1857
1865

58

•

•

•

1,000

706

Too

706

t

706

!

111
101
147542
202
202

j

!

1875
1874
1875
1877

£200
£200
£200

1,000

1878
1875
.

1,000

ioo S

.

1879
1879

100 Are. 1
500 Arc. i

The annual report was published in V.
34, p. 289. The income account
for four years lias been as follows:
1878.
1879.
1880.
•$
$
$
Total gross earnings.
2,045,450
1,997,105
2,501,390J
Bet Receipts Net earnings
780,356
773,983
1,256,800
819,939
Premium on bauds...

Lands Ac 1. gr. bonds.
Total net income.

Disbursemen Is—
Intereston debt
Dividends cm pr. st’k.
Ilire of cars
Old debts
Add’s, to prop. A eq..
Tot. disbursem’ts.

93,560
580,791

1,454,707

*
660,000

1,51 I

6,351
63,610

297,107

1,072.601
$
657,320

1,326,764

$

654.640

(6ig)330,395
5,180

412,200
382,507

139,902

1,454,707

288,978
41,795
37,559

$

(554,010
)355,S10

15,320

797,222

1

12,418

108 3181

1,132,033
1,134,45
Balance, surplus...
275,382
194,131
53,814
—(V. 32, p. 15,100, 145, 310. 420. 658; V. 33, p. 73, 298, 303, 687, 734;
V. 34, p. 32, 177, 204, 289, 315, 314.)
Harrisburg Portsmouth Mount Joy & Lancaster.— Dec. 31, 1881,
owned from Dillerville, Pa., to Harrisburg,
l’a., 36 miles; branch,
Middletown, Pa., to Columbia, Pa., 18 miles; total operated, 54 miles.
The property was leased to the Pennsylvania Railroad Co.
for 999
years from Jan. 1, 1861, the rental being 7 per cent on the stock and
interest on the bonds. Operated as a
part of main line of Penn. RR.
Harrisburg <(■ Potomac.—Dee. 31, 18S1. owned from Bowmausdalc to
Jacksonville, Pa., 25 miles; branch to mines, 2 miles; total operated,
27
miles. Extensions arc projected from Jacksonville to
Shippensburg and
from Bowmausdalc to Harrisburg. Road
opened through in 1878. Bonds
authorized. $1,800,000, Stock issued is $331,025. C. \V\ Ahl,
President,
Newville, l’a.
Hartford <C Connecticut Valley.—Sept. 30, 1880, owned from Hartford,
Ct., to Fenwick, Ct., 46 miles. Opened in 1871 and 1872. In hands of
trustees of first mortgage for some time, ami
reorganization made in
Feb., 1880, as the Hartford At Conn. Valley, with stock of
$1,200,000
authorized and bonds of $500,000.
Hartford <( Western Connecticut.—The Connecticut Western owned

r

Hart f«

'

~

opc

,63.

No bond interest has been
paid since Jan. 1.1876. Foreclosure suit
begun in 1880, and the State Treasurer took possession. On

May 25,
1881, bondholders re-organized, and stock in new
company is issued for
In March. 1882. the purchase of the Rhincbeck
& Connecticut
Railroad was made for $800,000 in the stock of this
company.
(V. 32,
p. 577; V. 33, p. 23, 73, 153 : V. 34, p. 231, 366.)
bonds.

ate
4 lire
Pitts¬

field RR., 22 miles; total, 127 miles'. The
preferred 8 per cent stock was
issued in 1845 to pay for
laying the road with heavy iron. The com¬
pany has voted to issue $700,000 of 5 percent bonds to take
up $ 100,000
prior bonds, and to lay steel rails. The road doesja steady
business, as
may be si-cn from the following statement of its
operations and earn¬
ings for three years past:

Years.

..

Miles.
126
126
126

-(V. 33, p. 559.)

Passenger
Mileage.
6,3 40,830

7.325,680
7,816,-94

Freight (ton)

Gross

Mileage.

Earnings.
$598,335

12,741,554
17,890,190
17,277,336

740,997

751,513

Net
Div. %
Earnings. Pref.
$248,420
8
247,283
8
273,981
8

Houston Bast <C West Texas—Dec.
31,1881,owned from Houston, Tex.,
to Burke, Tex., In. miles.
(Narrow guage, 3 feet.) It is intended to
build to Marshall. The
company lias a Texas land grant of 10,240
acres for each mile constructed and
equipped. Bonds issued to the extent
of $7,000 p. iu.
Paul Bremond, ITest., Houston. (V. 3
4, p. 292, 316.)
Houston, (C- Texas Content .—Vivo 'll Ift.Ql nwiiml

to

•

following:

S. N. Y., B’k. No. America.
A.
do
do
J.
do
do
J.
Pliila., Co.’s Office.
J.
do
do
J. Phila., Third Nat. Bk.

6
5
5
6
6
7

8,500,000
600,000
3.500,000

Mar. 1, 1911
Jan., 1892
Jan., 1892
Jan. 10,1882
July 1, 1883
Jan. 1, 1904

....

Q.-J.
F.
J.
A.
F.

Ac
Ac
Ac
Ac
M. Ac
J. Ac
J. Ac
J. Ac
A. Ac
M. Sc
A. Ac
A. Ac
F. Ac
A. Ac
J. &
M. Ac
A. Ac
A. Sc
J. Ac
J. Ac
F. Ac
J. Ac

g.
g.
g.

g.

g.
g.

g-

3^

4,175,000

g.
g.
g.

g.

Bridgeport Ac Boston.

A.
Bridgeport, Office.
J.
do
do
O.
do
do
A.
Bridgeport.
N. N.-Y., Union Trust Co.
J. N. Y., J. J. Cisco Ac Son.
J.
do
do
J.
do
do
O.
do
do
N.
do
do
O.
do *
do
O.
Philadelphia, Ofhce.
A.
do
do
O.
do
do
D.
do
do
S.
N. Y., Treas.’ Office.
O.
London.
O. London,Morton R.Ac Co.
D.
do
do
J.
N. Y., Treas.’ Office.
A.
do
do
J.

7
J. Ac" J.
3 to 6 ‘A. Ac O.

N.Y., Corbin Bank’g Co.
do

do

April

1882

April 1, 1910

Feb. 1,

1883

1898

July 1. 1891
July 1, 1891
July 1. 1903
Oct.

1, 1912

May 1, 1915
April 1, 1921

Oct. 1, 1890
Feb. 1. 1895
April 1, 1895
Dec. 1, 1889
Mar. 1. 1882
April 1. 1805
April 1, 1903
Dec. 1, 1905
Jan. 1, 1898
Jan.

1, 1905

Jan. 1, i900
April 1, 1909

Earn’gs.
$3,205,684

1880 (522 miles)
1881 (522 miles)

is,

Aug. 1, 1885
July 1,. 1889

Gross

Net

Earn’gs.

$1,431,913

3,741,000
1,733.677
3,748,655
1,606,782
No annual report for 1881 has been
published, and the following is
the general balance December 31, 1880:
GENERAL

BALANCE, DECEMBER 31, 1880.

Construction Ac equip. $24,058,521
Real estate
983,176
~

Capital stock

‘

State lands

Sundry securities
Materials and supplies
Bills receiv. and cash.
Current accounts

5,496,82 >
558,981
340,346
378,044
213,5(50

Funded debt
State school fund loan
Bills

payable

;

15,234,500
292,786
99,010

Pay-rolls,v buchers,«&c.
Surplus...

Total
Total
$32,029,157 I
(V. 32, p. 444, 488, 578, 612, 685; V. 33, p. 40 4; V.
231, 264, 292.)

$7,726,900
1,731,045

Interest accrued

330,030
6,615,184

$32,029,457

—

o

4, p.61, 114,

Huntingdon J Broad Top.—Dee. 31, 1881, owned from Huntingdon,
Pa., to Mt. Dallas, Pa., 45 miles ; branches—Slump’s Run,9 miles; Sixmile Run, 5 miles; and
Sandy Run, 3 miles; total operated, 62 miles.
This road was opened in July, 1856. The
capital stock is $1,266,450 com¬
mon and
$1,923,000 7 per cent preferred stock. Interest in default on
tin* consolidated mortgage bonds was funded into stock,
including April,
1881, coupon, and interest to be resumed at 5 instead of 7. Earnings
in 1881, $332,653; net, $183,363.
(V. 32, p. 155, 368.)
Illinois Central.—Dee. 31, 1881. mileage was as follows : Mainline—
Chicago to Cairo. 365miles; Dunleitli to Centralia, 341 miles. Branches—
Otto to Colfax and Minonlc, 101 miles; Gilman to
Springficld.lll miles.
Total owned, 918 miles.
Leased—Dubuque to Iowa Falls, 143 miles;
Iowa Falls to Sioux City,
183miles; Waterloo to Minnesota State Line,
7(5 miles. Total leased, 402 miles. Total
operated Dee. 31, 1881, 1,320
miles.

This company was organized in March, 1851, and the whole road
opened September, 1855.
The terms of the leased lines in Iowa are
given under the names of those companies. The general mortgage of
1874 provides for all bonds
outstanding. The Illinois Central was
one of the first, and has been one of the most
successful, of the land
grant roads.
The company acquired a
controlling interest in the
Chicago St. Louis Ac NewT Orleans Railroad, to which it made large
advances, and owned December 31, 1881, $6,670,000 of the stock
and $3,632,000 of the 5
per cent gold bonds. The Chicago & Springfield RR. was a reorganization or the Gilman Clinton Sc
Springfield
in 1877, and is leased to the Illinois Central and
virtually owned by it.
The annual report for 1881
says: “The gross traffic of the line for the
past year was $8,586,397, against $8,304,811 for the year 1880. The
tonnage carried shows' an increase of 5*72 per cent over that of the
previous year, wThile the gross earnings showT an increase of 3 04 per
cent.

1880.

The net result is $3,227,181, and is $251,830 less than
that of
The net receipts from all sources were as follows: From traffic,

$3,227,1.31; from land, $123,932; from interest on bonds. $161,105;
premium on C. St. L. A: N. O. Railroad bonds sold, $150,000; total,
$3,662,219. The interest on the debt and twro dividends on share eapi-.
tal were paid, besides $925,380 for
extraordinary expenses in Illinois.
Income for four years has been as follows:
from

INCOME ACCOUNT.

1878.
Total gross earn’gs..
Net Receipt—
Net earnings

1880.

$

$

8,322,127

4,207,763

4,031,840

102.321
113.461

112,')00

161.105

72,286

165,551

286,224

4,164,074

..

7,249,183

4,023,748
68,0 10

Dish n^srmcn fs—

4,423,545

4,909,391

4,875,560

Rends pd.on la.lines
Interest oil debt

•$

$

616.330
669,350

615,830

Taxes

392,190

1,740,000

Dividends
Construction in Illi¬

during

year

Miscellaneous

1831.
$

7,140,207

Interest
Miscellaneous

Total net income

1879.

$

nois

Austin
total
to Mount Airy, 100 miles, December
31, 1880, and construction in pro¬
gress. Opened March 11,1873. The Austin
Brandi, or Western Div.,
•was opened in 1871.
The company has a land
grant from the State of
Texas of 10,240 acres per
mile, amounting to about 5,130,720 acres;
but the lands, as in the ease of other
Texas roads, are. not on the line
of the road, and much of the land will
lie made available, it is reported
by the construction of tiie Texas Sc Paeilic line. The
capital stock is
$7,722,900. In 1877 tin* company was embarrassed aiid
application
was made for a
Receiver; but the difficulties were* adjusted by the issue
of income and indemnity bonds
(paid oft’ July, 1881), and Mr. Morgan,
of the Louisiana SS. Line. 1
anight a controlling interest in the stock.
The general mortgage of 1881 for
$18,500,000 is made to the Farmers’
Loan Si Trust Gy. as trustee. Last
report of earnings gave the

Digitizedi.!. FRASER
for


150,000

•

11,320

1st njort., prof., coup, or reg
1st mortgage, coup., may be reg

Miscellaneous

300,000
300,000

.

Mortgage bonds, sterling
Sterling bonds, (sinking fund £20,000 yearly)
Mortgage, sterling
Bonds, coup. ($2,000,000) M. ouCli. Ac Bp. RR
Bonds, reg. ($200,000), mort. on Middle Div
Illinois Midland— 1st mortgage, gold
Indiana Bloomington <C West.—Stock

2
7
6
5
7
7
7
7
7
8
8
6
7
7
5
7

100,000

500
500

Dividend.

....

....

2,270,000

1,000

Whom.

....

....

777,000
6,262,000

1,000

Ac
Ac
Ac
Ac
Ac
Ac

Bonds—Princi¬

pal, When Due.
Payable, and by Stocks— Last

°

....

1,180,000

1881

119

3ifl

(?)
820,000

ioo

M.
F.
J.
J.
.T.
J.

6
7

500.000

,

,

1865
1869

6
8
10

507,200

•

464
58

111

345

!

Illinois Central—Stock

•

1853
1874

Rate per When Where
Cent.
Payable

$3,000,000
433,000
1,200,000
1,182,550
700,000

....

1873
1878
1866
1870
1873
1872
1875

!

mortgage consolidated
Scrip for interest 1st and 2d mortgages

$1,000

.

44
67
120
120

Housaton ic—8 toe k
1
Preferred stock
!
1st mortgage, coupon
!
2d mort. bonds of 1809
3d mort., leg
j
Equipment bonds of 1873
Houst. Last d: West Texas.—lnt mortgage, gold
Houston (C Texas Cent.—1st M., (main) gold, l.gr.,s.f. ii
1st mort., 1. gr., West div. (Hempstead to Austin)
1st M., gold.Waco A: N’wcst (Bremond to Ross)
|
Consol, mort., laud grant, Main aiid Western
Div.j
Consol, mort., land grant, Waeo Sc Northwest
1
Gen. mort., gold (for $18,500,000)
Huntingdon d* Broad To})— 1st mort., gold
!

mortgage, gold

1881

15

j

1st

2d
3d

[Vol. XXXIV.

..
*

38,728
41,941

$

609,484
395,011

$
708,702
672,600
444.125

663.000
465.352

1,740,000

1,740,000

2,030.000

380,010

812,323

925,330

-

735,696

Total disbursem’ts
4,824,428
3,498,542
4,407,750
3,806,341
51,132
501.641
Balance, surplus
665,532
617,204
—(V.32, p. 155, 229; V. 33, p. 357, 641; V. 34, p. 144, 17 / ,
Illinois Midland—June 30.1881, operated from Terre Haute, I ml., to
Deoria, HI.. 176 miles, of which 148 miles are owned and 28 nines lcaseuTins was a consolidation Nov. 4. 1874, of the Peoria Atlanta & Deeatuu
Paris Sc Decatur and Paris Ac Terre Haute. Receiver appointed 8eit..
11. 1875- Earnings in 1879-80 $323,096; expenses, $30/,409. in
1880-81, gross receipts. $385,615 ; expenses, $395,391. D. II. Conklin#
Receiver. (V. 32, p. 636 ; V. 33, p. 124; V. 34, p. 366, 399.)

Indiana Bloomi

1881, of the Iml.
owned from Tndir

will confer a great favor

Subscribers

DESCRIPTION.
explanation of
1

For

on

Dalian a

column
page

llrst

headings, &cM see notes
of
tables.^

convertible

or rcg.^..... — -

Tninrbmuc, gold, Eastern

Division

Jndimapolis Decatur <e Springfield^- 1st
gold
Ind. “fSt-Ut1 M.V gold (for $3,380,000); $ & i
-1st mort., in 3 series.
Louis—

mortgage......

iMtiSoUsTvineennei-UtiliOTteagc, guar.
mortgage, guaranteed.
2d
Iowa

Falls d Sioux

Ithaca Aubtti..
2d mortgage,

_

C»7//-Stock.

1879
1879
1881
1881
1881
1881
1860
1870
1871
1867
1870

202
202
140
152
152
....

72
72
72
117
117

•

Uvi/.—lat i.YoVt .'(YoY YsOO.OOoi!!! I

3 } tais)
So nth east. —St ock

Jacksonville

(income for

bonds
Jefferson (Paj-Ut Sc 2d marts. (Hawley Branch)..
1st mortgage (Susiiuelianna to Cai bond.lie)........

Joliet d

Amount

Outstanding

Indiana—1st mort., guar by M. C.
(Philadelphia).—1st mortgage

Junction

Slock, preferred.
1st mortgage, land, grant,
Mortgage on branches —

City Lawrence d Southern Kansas—1 st mort
Southern' Kansas «fc Western—1st mortgage

on

rental, Pekin to

1877

500 See.

1,000
1,000
1,000
•

1,800,000
1,000,000
1,100,000

500

1,000
1,000

2,000,000
006,000
500,000

'

1,000

500 Si c.

1,700,000
1,450,000
4,623,500
2,947,500

1,000

100
500 &c.

204,000

100 Sec.

408,000

Rate per When Where
Cent.
Pay’olc

6
3 to
6
6
5

6
g.
g.
g.

6 g.

7
7
8
7
6

1*2
7
7
7

1880

1,000

1,000.000
200,000

1867
1860

1,000

300 OOO

1.000
100

2,000,000
2,000,000

1^

3 866
1870

1,000
1,000

2,752,000
2,000,000
385,000

1877
1362
1865

1,000
1,000

440,000

1,000

300.000

7
7
7
7
6
6
6
6
7

...

45

800,000

400,000

....

1876
1870

84

250,000
504,000
4,648,000

....

1.000
....

,

2,686,800
2,030,000
2,040,000
1,796,000

1,000

1870
1880
1870

1,000
500 Sec.

1880

106
175
140

1,000

Peoria, 10 miles; total. 212 miles. The company

its Eastern Division from Indianapolis to SpringThe Cincinnati Sandusky Sc Cleve. was leased
April, 1881— Sandusky to Dayton, 151 miles; branch, Carey to Findlay,
Id miles. But of Hus', 24 miles (Springfield, O., to Dayton) is leased to
Cincinnati and Springfield, leaving but 14.0 miles; also with it the
Columbus Springfield <te Cincinnati road, Springfield to Columbus, 44
miles; total. 100 miles. Total operated 402 miles, and 140building. In
December, 1881, leased the Indianapolis Decatur & Springfield road,

put under construction
field, Ohio, 110 miles.

Sc J. N. Y., Am. Ex. Nat. Bk
& J. Honesdale Nat. Bank.
& J. N. Y., by Erie Railroad.

J.
J.
A
J.
F.
A.
F.

Sc
&
Sc
<fc
<fc
Sc
&

F. A
L &
M. Sc
A. Sc
J. &

4
7
5 to G
7

4

Dividend.

J. N. Y., Corbin Bank’g Co April 1, 1010
do
do
J.
April 1, 1000
June 1, 1921
do
do
D.
O. Now York, Co.’s Office. April 1, 1921
J.
do
do
July 1, 1911
A. Sc O. London and New York. April 1, 1011
Various N. Y., Union Trust Co.
July 1, 1919
A. Sc 0.
do
do
Oct, 1, 1900
do
do
J. & J.
July 1, 1881
1008
F. & A. N. Y., Farm. L. Sc T. Co.
1900
do
do
M. & N.
Meh. 1, 1882
Boston.
Q.-M.
Oct. 1. 1017
A. & O. N. Y., Nat. Park Bank.
1007
J. & D. N. Y. City, Treas. Office.
Jan. 1, 1007
do
do
J. & J.

Q.—F.

2

Stocks—Last

Whom.

&
&
&
A. Sc
J. &

N.

A. Sc O.
J. & J.
-

pal,Wlien Due.

Payable and by

J.
J.
J.

J.
J.
J.

6

7
7

2,750,000

....

i 59

sink, fund

Kansas

38*2

4%

dBreakwater—Funded debt (Del. Ht. loan)
KanwCcnit'ai—itxi mortgage (for $2,400,000) ....
Kansas City Fort Scott d Gulf— Stock, common

Junction

•

$137,300
1,500,000
3,000,000

$100&c.

....

226
150
159
6
44

Northern

•

1869

38

JefTd'sonriUe Madison d Indianapolis—Stock
Jeff., Mad. & Bid., 1st M. (s. f. $15,000 per year).
do
do
2d mortgage
Jersey City d Bergen-lst mortgage

•

184
38*2
54
54
0

1st mortgage

XXXlll

INTEREST OR DIVIDENDS.

Size or
par
Value.

Date
of
Qf
Road. Bonds

709187-908781
2d

BONDS.

by giving immediate notice of any error discovered in these Tables. FriuciBonds—

Miles

WesL-iCuntinucd)—

Bloomington d

Income bonds, rcg.,
mortgage, coupon

oa

Indianapolis d SI

STOCKS AND

RAILROAD

18S2.J

APiuk,

J.
J.
O.
J.
A.
O.
A.
A.
J.
S.
O.
J.

Yr., Farm. L. & T. Co.
ao

do

do

do

N. Yr.. Farm. L. & T. Co.
Phil a., 233 So. 4tli St
do
do

July 1, 1010
1887 & 1889
Jan. 1, 1889

May, 1881
1, 1906
July 1, 1910
Oct.

July 10, 1907
July 1. 1882
April 1, 1900
1890

Lewes, Del., Treasurer.

Feb., 1896

do

do

April 1, 1909

Office, 80 Broadway.

Feb. 15, 1882
Feb. 15, 1882

Boston.
do

Boat., Nat. Webster Bk.
do

do

Boston, Nat. Union Bk.
do

Jitnel, 1908
Sept. 1, 1910
Apr. 1, 1909
Jail.

do

1.

1010

6 S. City RR., and receives rental for 26 miles of its road used by the
Sioux City Sc St. Paul Co. In the year ending March 31, 1881, the total
rental was $235,408; receipts from sales of lands, $365,300; the total
income was $612,060. Lands remaining unsold, 261,140 acres. Horace.
Williams is President, Clinton, la.
(V. 32. p. 16, 636; V. 34, p. 114.)

Ithaca Auburn d Westcni.—Dec. 31,1881, owned from Freevillc to
Auburn, N. Y., 38i2 miles; track to Cortland, 11 miles, used. The N.
Y. Sc

Oswego Midland RR., Western

Extension, was sold in foreclosure,
successor. The
Spring of 1882.

this company organized Sept. 20, 1876. as the
stock is $070,100. Expect to extend road to Ithaca in
II. R. Low, President, Middletown, N. Y.
and

guaranteeing $200,000 per year.
The former Indianapolis Bloomington Sc Western Company defaulted
Oct. 1, 1874, ami a Receiver was appointed Dee. 1, 1874. The road was
Jacksonville South eastern.—J uly 1. 1881, owned from Jacksonville to
sold in foreclosure Get. 30, 1878, and the company reorganized. Interest Litchfield, Ill., 54 miles. This was the Jacksonv. Northw. & Southeast.
is on the first mortgage bonds 3 per cent per annum for the first three RR., projected from Jacksonville to Mt. Vernon, 125 miles.
Bonds
years, 4 per cent for the succeeding two years, 5 per cent for the suc¬ were issued at $20,000 per mile, amounting to $600,000.
In 1870 the
ceeding three years, and then 6 per cent until maturity. The mortgage, company was reorganized by the bondholders under this name. In 1880
l>3r its terms.'cannot be foreclosed for non-payment of interest until tlu* road was extended 23 miles and bonds for'$-00,000 issued. In year
January 1, 1*81. The second mortgage bonds bear 3 per cent per annum ending June 30, 1881, gross earnings, $83,000; net, $43,814.
interest for the lirst three years, 4 per cent for the succeeding two years,
Jefferson.—Sept. 30.1880, owned from Susquehanna Depot, Pa., to Car5 per cent for the succeeding three years, and 0 per cent thereafter
until maturity. The income bonds take such interest from July 1, 1871), bondale, Pa., 37 miles; branch, Hawley, Pa., to Honesdale, Pa., 8 miles.;
total, 45 miles. Leased in perpetuity to the Erie Railway at a rental of
not exceeding 6 per cent -per annum, as the net earnings may suffice to
7 per cent on the bonds, and now operated by the N. Y. Lake Erie Sc West.
pay. $330,000 stock scrip was issued entitled to a dividend of 7 per cent
per annum, after a dividend of 8 per cent on the common stock.
After Capital stock, $2,006,050. Edward Clymcr, President, Reading, Pa.
the payment of a 7 per cent dividend, the stock scrip is convertible into
Jeffersonv. Madison d Indianapolis.—Dee. 31,1881, owned from Louis¬
common stock.
ville, Ky., to Indianapolis, Ind., 110 miles; branches—Madison, Ind., to
Earnings and expenses in 1880 were as follows:
Columbus, Ind., 46
Gross earnings
$1,100,410 Jeffersonville, Ind., miles; Columbus, Ind., to Slieibyville, Ind., 24 miles;
to
Ind., 6 miles;
RR.,
000,053 18 miles; Cambridge New Albany,20 mile's; total Shelby Sc Rushmiles.
Operating expenses .taxes and rentals
operated, 224
Extension,
Net earnings
$527,363 The road was leased anew from January 1, 1880, to the Pennsylvania
Interest charges
$102,000
Company, the lessees to pay over all the net earnings to the J. M. & I.
Six per cent on income bonds
00,000— 282,000 Co. In 1881 the Penn. Company purchased $1,939,000 of the stock.
Net surplus
$245,363 Dividends were at the rate of 7 per cent per annum till May, 1880, and
6 per cent afterward. Earnings for five years past were as follows:
Earnings for two years ending June 30,1878-9 and 1879-80, were :

-(V. 32,

Gross Earn’gs.
NetEarn’gs.
202
$1,085,038 ‘
$375,700
202
1,186,347
401.086
15, 69.100, 155, 313, 335, 414, 4G8; V. 33, p. 468, 527, 611

Gross

Net

Earnings.

Earnings.

Miles.

Years.

p.

716; V. 34,231, 316.)

$159,178^(W 32, p. 500, 636; V. 33, p. 303, 358, 440, 588, 641, 637;

Indianapolis d Evansville.—In progress Indianapolis to Evansville,
1881. R. G. Ilervey, President, Evans¬
ville, Ind. In February, 1882, an attachment for rails sold was issued.
~(V. 34, p. 231, 316.)
Bonds issued in London May,

Indianapolis d St. Ixmis.—Dec. 31.1881, owned from Indianapolis to
L. A. Sc T. H, 180 miles, and
branches, 6 miles; total operated, 267 miles. The lease of the St. L. A.
&T. H. was guaranteed by three other companies, and suit has been
ponding as to the rental.
The company is controlled by the Pennsyl¬
vania
Company, which owns the str ck of $600,000, in connection with
tne Cleve. Col. Cin. Sc Ind.
Of the first mortgage bonds series “A” are J.
& J.; series “Ii,” M. & 8.;
series “C,” M. Sc N. Interest has not been
paid on the second mortgage and equipment bonds since April, 1878,
and in March, 1882, a foreclosure suit was begun.
Operations and
Terre Haute, Ind., 72 miles; leased line, St.

earnings for nve years past were as follows:
eight (toil)
Passengei
Years.
Miles,
Mileage.
Mileage.
..6781
265' 10,880,483
100,002,001
..7781
266
02,684,115
8,211,025
..8781
266
85,300,570
10,865,230
..0781
266
102.630,114
12,200,002
266

15,285,443

148,047,237

Gross

Net

Earnings.

Earnings.

$1,657,863
1,385,874
1,347,240

$431,645

1,403,876
2,000,922

401,140
608,413

477,882

315,115

~(V. 34, 311, 435.)

$1,176,174

186
'

,

Indianapolis Decatur d Springfield.—August 31, 1881, owned from
Decatur, Ill., to Indianapolis, Ind., 153 miles. This company is successor
to the Indiana Sc Illinois Central Railroad.
In Dec., 1881, was leased to
Indianapolis Bloomington & W. for 50 years, at 30 per cent of gross
earnings, but with a guarantee of $200,000 per year. A new adjustment
proposed in April, 1881 (see V. 32, p. 501, V. 33, p. 303), was carried
out in November, and the above 2d mortg. bonds issued, and $2,850,000
of 7 per cent pref. stock. Common stock is $500,000.
Gross earnings
in 1879-80, $330,850; net, $142,684. In 1880-81 gross, $491,487 ; net,

..0881

Miles
161

Years.

1,150,014

186
186
186

1,246,333
1,388,565
1,462,802

$409,033

425,887

492,863
541,538
365,043

Div.
p. c.

7

7
7

fii*
3

-(V. 32, p. 205.)
Jersey City d Bergen— Dec. 31.1881, owned from Jersey City
In 1878 gross earnings were $224,817;
Point, N. J., 6 miles.

to Berccn
net, $80,421.
In 1870 gross earnings were $228,758; net, $81,457. Stock is
$165,150. William Keeney, President, Jersey City.
Joliet d Northern Indiana— Dec. 31,1881, owned from Joliet, Ill., to
Lake Station, Ind., 45 miles. Operated as part of the Michigan Central
main line. Road opened in 1854 and leased to the Mich. Cent, at 8 per
cent on the bonds. The Midi. Cent, declined to pay 8 per cent, and the
above issue of bonds definitely guaranteed was given as a compromise.
Junction (Philadelphia).—Dec. 31, 18S1, owned from Belmont. Pa., to
Grav’s Ferry, Pa., 3-6 miles It connects various lines coining into Phila¬
delphia. Capital stock, $250,000. Net over operating expenses in 1881,
$60,856. Six per cent paid in April, 1882. (V. 32, p. 420.)
Junction d Breakwater.—Dee. 31, 1880, owned from Harrington to
Lewes, Del., 40 miles; branch to Rehoboth, 5 miles; total operate_d. 45
miles. Gross earnings, 1880, $75,281; net, $35,576. Stock is $305,000.

McCready, President, New York City.
1, 1870, owned from Leavenworth to Garrison,
Kan., 110 miles. Sold-under foreclosure of first mortgage April 14,1870.
Reorganized April, 1879. Stock, $504,000.
L. T. Smith, President,
Leavenworth, Kan. (V. 32, p. 232.)
Kansas City Fort Scott d Gulf.—Dec. 31,1881. mileage was as follows:
Main line—Kansas City to Baxter Springs, 160 miles; branches—Union
Transit, 1 mile; Springfield to Ash Grove, 19miles; Weir City to Cherry valle (N.G.), 50 miles; Arcadia to Coal Mines. 2 miles; Baxter Springs
to Joplin, 15 miles; Rich Hill Junction to Carbon Centre and Rich Hill,
28 miles; Springfield to city limits, 1 mile; Fort Scott Junction to Ash
Grove. 81 miles; Caolvale to Barton, 8 miles. Total operated, Dec. 31,
.
1881,363 miles.
N. L.

Kansas Central—May

This company was organized April 1, 1870. as successor to the
Missouri River Fort Scott Sc Gulf, which made default October 8,
1873, and was sold in foreclosure February 4, 1870. The first mort¬

bondholders of the old road took 80 per cent in the new mort¬
bonds, and for all other claims stock was issued. Operations and
lnri‘Tm(‘R* Ind., 117 miles. The Pennsylvania Company owns a
u
nrroumg interest in the stock and operates the road, advancing the earnings for three years past have been as follows:
Passenger
Freight (toil)
Net
Gross ,
TniioAJ’.f,) l)a.V interest on the bonds. The capital stock is $1,402,000?
Earnings. Earnings.
Miles.
Mileage.
Mileage.
intnJS? on debt amounts to were $57,416; in 1881, $10,260. Annual Years.
Ilct eai’uings
35,072,107 $305,864 $332,811
interest
1870
160
5,585,154
$200,500.

luduaiapolis

nmit

d Vincennes.—Dec. 31. 1881, owned from

Indianapolis,

gage
gage

ii•

,

Gily.—June 30, 1881, owned from Iowa Falls, la.

lIa-’ 184= miles. This road was opened in 1870 and is
Illmoi* Central for 20 years from Oct. 1,1867, at a rental
of 3c t0
e,onAof the gross earnings. This company also receives a
Dock of 10
.




per

ct.

on

business to and from their line over the Dub.

1880
1881

305

8,810,638

49,435,645 1.222,867

525,015

11.804,770
50.007,866 1,503.215
672,764
-(V. 32, p. 231, 393 ; V. 33, p. 74, 124, 153, 459.)
Kansas City Lawrence d Southern Kansas.—Dec. 31, 1880, owned from
Lawrence, Kan., to Ooffeyville (Indian Ter. Line), 144 miles; branches*363

RAILROAD

XX XIV

Subscribers will confer

a

on

Miles

Kentucky Central—Stock
2d mortgage
3d mortgage
General mortgage (payable after 1886)
Keokuk d-Dcs Moines— 1st M., lut.guar. C. R. I. &
Knox & Lincoln— 1st mortgage
Knoxville d Ohio— 1st M. (payable at any time)
New bonds for $1,300,000
Lake Erie d Western—Stock
let mortgage, gold
Income bonds convertible (not cumulative)

Sandusky Extension, 1st mortgage
do

P.

income bonds
Lafajrette Bloom. & Muneie, 1st mort., gold
do
do
income M. con. (non-oumul.)
Lake Ontario Southern— 1st mortgage, gold
Lake Shored Michigan Southern—Stock
Guaranteed 10 per cent stock
Consol. 1st mort., (sink, fund, 1 per cent) coupon.
do
do
do
registered
Consol. 2d mort., do. (for$25,000,000) eoup.& reg.
Income bonds, coupon or registered
1st mortgage, sinking fund, M. S. & N. I
3d mortgage (C., P. & A. RR.) registered bonds..
1st mortgage (C. Si Tol. RR.) sinking fund

18

i.49
80
80
150
162
49
38

mortgage

Buffalo

<\t

do
State line, mortgage bonds

do
do
Buffalo & Erie, mortgage bonds
Det. Monroe Si Tol., 1st mort., coup., guar
Kalamazoo & White Pigeon, 1st mortgage
Schoolcraft & Three Rivers. 1st mortgage
Kalamazoo Si Schoolcraft, 1st mortgage

1880
1881

21
21
200
200
50
1181
,

864
864
864
451
95
162
162
88
88
88
62
37
12
13

Size,

BONDS

[Vol. XXXIV.

1853
1855
1881
1878

’09-’72
1876

1879
1879
1880
1880
1879
1879
1880

Amount

Outstanding

Rate per
Cent.

$257,000
3,000,000
6,083,500
792,000

$1,000
1,000
..

1,00o
1,000

4,334,000

100 &c.

7
6
1
7
7
G
5
6
7

233.000

1,000

2,750 O00
2,335 750

«...

500

50 ) 000
( ^'

....

6 g7
6
7
6 g.
7
6 g.
2
5

1,485-000
327,000
600.000
2,500 OCC

1,000
1,000
1,000

1,000,000

100
100

49,466,500
533,500

450,000
4

1,000

S

1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500 &c.

1,000

-

....

•

•

Ottawa Junction to Olathe, 32 miles; Cherry vale to Independence, 10
miles; South Kansas Si West., 144 miles; Sumner County RR., 21 miles’;
total, 351 miles. The K. C. L.& S. K. was formerly the Leav. Law. & Gal.

O OAA AAA

f
l

1,000

•

Bonds—Princi

Where

Payable
M. &
•

M.
M.
J.
J.
A.

•

•

pal,When Due

Payable, and by Stocks—Last
Whom.
Dividend.

S. Boston, Nat. Union Bk,

Boston.
N.
Cincinnati.
S. N. Y., Bank of America,
D.
do
do
New York Agency.
J.
O. N. Y.,Farm. L. Si T. Co.

•

&
&
&
&
&

Various Bost., IIide& L’therBk.
J. & J. N. Y., R. T. Wilson & Co.

....

1,815.000

1,000
1,00*4
1,000

•

When

0

"

*

Sept. 1, 1910
1921

May, 1881

March, 1883
•Tune, 1885
July 1, 1911
Oct.

l, 1923

1880-1902
Jan. 1, 1906

*

7,700.000

i,obo

....

1870
1870
1873
1872
1855
1867
1855
1866
1862
1866
1868
1876
1869
1867
1867

INTEREST
or

Par
Value.

.

....

365
165

.

2d

Date

of
of
column headings, Sic., see notes
first page of tables.
Road. Bonds

Kansas City Lawrence d So. Kan—[Continued)—
Sumner County RR.—1st mortgage
Kansas City Springfield d Memphis—1st mort

do

AND

great favor by giving Immediate notice of any error discovered In tbese Tables,

DESCRIPTION.
For explanation

STOCKS

10,628,000
2,537,000
5,240,000
920,000
1,595,000
849,000
200,000
300,000
2,834,000
924,000
400,000
100,000
100,000

7
7

7
7
7
7
7
7
7
7
7
7
7
8
8

F. Si A.

N.Y., Metropolitan Bk.
do
do

August.
F. & A.
M. & N. N.

Yearlv.

do
do

Y., Metropolitan Bk,

do
do
N. Y., Union Trust Co,

6.
Q.-F. N.Y.,Grand Cent.Ofiice,

A. &

F. Si A.
J. & J.

do

do

&
&
Si
Si
&
&
&
&
Si

D.

0.
N.
O.
J.
O.

J.
8.
O.
& A.

Coupons

are

May 1,
Feb. 1,

Q.-J.
J.
A.
M.
A.
J.
A.
J.
M.
A.
F.
J.
J.
J.

Aug. 15. 1919

Aug. 15,
Aug. 1,
Aug- 1,
May 1,
May 1,
April 1,

paid by

Treasur’r at Gr’nd
Central Depot, N.
Y., and registered

interest by Union
Trust Company.

& J.
& J.
& J.

July 1,
July 1,
Dec. 1,
Oct. 1,
May 1,
Oct.

1.

July 1,
April 1,
July 1,
Sept. 1,
April 1,
Aug. 1,
Jan.

1,

July 1,
July 1,

1899
1919
1920
1919
1899
1910
1882
1882
1900
1900
1903
1882
1885
1892
1885
1886
1882
1886
1898
1906
1890
1887
1887

County, Pa., 155 miles, of which 34 miles

are in operation.
The stock is
$2,800,000, and bonds for $3,000,000 issued at $20,000 per mile of com¬
pleted road. Gross earnings in 1880, $22,016.
E. B. Pottle, President
Naples, N. Y. (V. 33, p. 412.)
' *

RR., which was sold in foreclosure Aug. 9, 1878, and purchased by bond¬
holders, and the present company organized May, 1879. In November,
1880, the consolidation of the three roads above named was made, and
Lake Shore d Michigan Southern—Dec. 31, 1880, owned from
Buffalo,
the consolidated stock of $3,759,0* 0 was purchased in the interest of N.Y., to Chicago, Ill., 540 miles; branches owned, 324 miles.
Other lines
the Atchison Top. Si S. Fe with the 5 per cent bonds of that company owned as follows: Detroit Monroe & Toledo, 62
miles; Kalamazoo <fe
(through its auxiliary corporation, the Kansas City Topeka & Western), White Pigeou, 37 miles; Northern Central (Mich.), 61 miles; total, 160
according to the terms ot the circular published in the Chronicle of miles. Roans leased are as follows: Kalamazoo Allegan & Gr.
Rapids,
Nov. 27, 1880 (V. 31, p. 559). The present bonds carry 4 per cent ,58 miles; Jamestown & Franklin; 51
miles; Mahoning Coal R., 43 miles;
till 1882, 5 in 1882-3, and 6 thereafter.
(V. 32, p. 16; V. 33, p. 74.)
total, 152 miles. Total road owned, leased, and operated, 1,177 miles.
This company was a consolidation of the Lake Shore Railroad and
Kansas City Springfield d Memphis.—This organization embraces
Michigan Southern Si Northern Indiana Railroad May 27,1869, and the
two corporations under the laws of Missouri and of Arkansas to build a Buffalo Si Erie Railroad August 16, 1869.
The consolidated line em¬
road from Springfield, Mo., to Memphis, Tenn., at an estimated cost of braces the former roads of the Cleveland Si Toledo and the
Cleveland
$5,600,000. The Kansas City Fort Scott & Gulf will appropriate 15 per Paiuesville & Ashtabula railroads. Of tho guaranteed stock, the claim
cent of gross earnings on business to or from the new road to pay in¬ for dividends between 1857 and 1863 has been settled on
$360,600,
terest on the bonds. Each holder of 50 shares K. City Ft. S. & G. stock leaving $172,900 still unsettled. This
company controls Chic. & Can. So.
had the right to take $1,500 in stock of the new Missouri corporation The brief income account for 1881 in the
Chronicle, V. 33, ip. 716,
for $1,500 in cash, with $2,000 of the bonds for $500 in
cash—making showed a surplus applicable to dividends of $3,974,000 in 1881 against
$3,500 for $2,000 cash. See V. 33, p. 153.
$5,580,982 in I881P
The last annual report is published in V. 32, p. 497,
containing the
Kentucky Central.—Dec., 31, 1881, owned from Covington, Ky.,toLex- tables below, showing the operations and the earnings of the road for
ington, Ky., 99miles, and Paris, Ky., to Maysville, Ky., 51 miles; total a series of years:
operated, 150 miles. This was formerly the Covington & Lex. RR.. which
INCOME ACCOUNT.
was foreclosed in 1859.
In 1875 the present company was formed, and
1877.
1878.
1879.
1880.
took possession May 1, 1875. The
Maysv. Si Lex. RR. was taken Nov.
Receipts—~
$
17,1876. In June, 1881, a majority or the stock was purchased by Mr.
$
$
$
C. P. Huntington of the Chesapeake & Ohio road, and an extension Net earnings
4,541,194
5,493,166
6,336,968
8,381,356
from Paris to Livingston, Ky., 70 miles, was to be in operation
171,776
197,662
172,806
208,662
by July Interest and divid’ds.
1st, 1883. The general mortgage of 1881 was sold to stockholders at
Total income
6623, and 25 per cent of new stock given as a bonus. The old pref.
4,712,970
5,690,828
6,509,774
8,540,018
stock was retired. Enough of this general mortg. of 1881 is reserved
Disbursements—
$
$
$
$
to retire the prior bonds, and there is an option in this mortgage to retire Rentals
paid
265,404
251,924
257,489
282,956
the bonds after five years. The fiscal year now ends Dec. 31. Opera¬ Interest on debt
2,628,680
2,611,180
2,616,955
2,622,730
tions and earnings for three years past were:
Dividends, guar
(10) 53,350 (10) 53,350 (10) 53,350 (10) 53,350
Gross
Net
Dividends, ordin’y
(2) 989,330 (4)1,978,660 (*)3,215,322(8)3,957,320
Years.
Miles.
Earnings.
Earninge. Ashtabula accident..
495,722
77,909
60,128
1879-80
149
$608,029
$222,514 Miscellaneous
4,378
37,544
1880 (8 mos.)
149
447.078
143,616 Balance, surplus
276,106
680,261
*306,530 1,623,662
1881
150
705,127
214,472
Total
(V. 32, p. 16, 120, 612, 636; V. 33, p. 47, 100, 358, 716; V. 34, p.
4,712,970
5,690,828
6,509,774
8,540,018
*
146, 230.)
6*2 per cent.
t:
Nothing was charged to construction or
either
Keokuk d Des Moines—June 30, 1881, owned from
Keokuk, La., to 1880 or 1879. There was added to the equipment account in
equipment in 1879 700 new
Des Moines, la., 162 miles. This was a reorganization, Jan.
1, 1874, of freight cars, costing $300,000; in 1830, 1.500 new
the Des Moines Valley Eastern Div., sold in foreclosure Oct.
freight cars, costing
17, 1873.
(5700,000, all charged to operating expenses.
The property was leased for 45 years from Oct. 1, 1878, to the
Chicago
The financial results of the ten years past are shown by the following
Rock Island & Pac. RR. on the terms following: that the lessee
pay 25q>er condensed table:
cent of the gross earnings to this company, but guarantee the interest
Operating
Interest, leases
(not the principal) oil the present bonds. The stock is $1,524,600 of 8
Gross
Expenses.
and dividends Div.
Net
per cent preferred and $2,600,400 of common, a majority of which is
Year.
Miles.
Per cent. Earnings, on Guar. Stock, p. c.
Earnings.
held by the lessee. In the year 1878-9 gross
earnings were $565,556.
in 1879-80, $639,788, leaving $22,447 over interest
65*64 *$5,118,643
$2,121,164
8
charges. A divi¬ 1871.. 1,074 $14,898,449
1872.. 1,136
dend of
66*90
jier cent on preferred stock was paid December, 1881.
17,699,935
2,201.459
5,860,409
8
1873.. 1,175
19,414,509
70*90 " 5,667,911
2,654,560
4
Knox d Lincoln.—Sept. 30.1881. owned from Bath, Me., to
1874.. 1.175
17,146,131
65*04
5,993,760
3,008,193
3^
Rockland,
Me., 49 miles. In 1882 leased to Maine Central for $60,000 per year for 1875.. 1,1.75
72*96
14,434,199
3,902,698
2,810,294
2
1876.. 1,177
twenty years, and $72,000 afterward. The stock is $354,580. John
13,949,177
68*64
4,374,341
2,759.989
3*4
T. Berry, President, Rockland, Me.
1877.. 1,177
13,505,159
66*37
2,775,657
2
(V. 32, p. 356; V. 34, p. 204, 316.)
4,541,193
1878.. 1.1.77
13,979,766
60*70
5,493,165
2,718,792
4
Knoxville d Ohio.—June 30, 1881, owned from Knoxville,
15,271,492
58*50
6,336,968
2,754,988
6*3
Tenn., to 1879.. 1,177
Careyville, Tenu.,39 miles. This w*as formerly the Knoxville & Kentucky 1880.. 1,177
18,749,461
55*56
8,331,356
2,750,374
8
RR., which was in default to the State of Kentucky and sold Oct.
The following condensed tables show the passenger and the freight
8,
1871. It is controlled by the East Tennessee
Virginia & Georgia. The business in detail for the past six years, 1875-1880:
stock is $1,080,100. Contract made for junction with Louisville &
FREIGHT.
Nashville. C. M. McGee, President,
Knoxville, Tenn. (V. 32, p. 16.
Tons
Per ton per mile.—
335; V. 33, p. 74.)
Year.
Tons.
one mile.
Revenue. Receipts. * Cost.
Profit.
Lake Erie d Western.—June 30, 1881, owned from
$
Cent.
Cent.
Cent.
Sandusky 1
1875.. 5,022,490
943,236,161
9,639,038 1*010
*737
’273
Fremont, 22 miles; Fremont to Celina, 99 miles; branch to Minster,
1876.. 5,635,167 1,133,834,828
9,405,629
*817
“256
’561
milesrCelina to Muneie, 5 miles; Muneie to Iliinois 8tate line, 120 miles
1877.. 5,513,398 1,080,005,561
Illinois State line to Bloomington, 81 miles; total
*864
*573
’291
9,476,608
operated, 383 mile
1878.. 6,098,445 1,340,467,821 10,048,952
This was a consolidation, Dee. 12,1879, of the
*734
*474
*260
Lafayette Bloomington
1879.. 7,541,294 1,733,423,440 11,288,260
Mimcie and the Lake Erie Si Western, on the basis
*634
*398
following: The conso
1880.. 8,350,336 1,851,166,018 14,077,29*4
idated company to assume all the debts, issue its stock share for shai
*750
‘435
-315
for the Erie Si Western stock, and issue four shares of its stock for eac
PASSENGERS.
share of the Lafayette Bloomington Sc Muneie stock.
The line en
Passengers
0
/—Per passenger per mfie.-7
braces the former Lafayette Bloomington &
Year. Passengers,
one mile.
Revenue. Receipts.
Cost.
Mississippi road and tl
Lake Erie & Louisville. • Gross earn
$
Cent.
Cent.
Cent.
mgs 1879-80, $1,056,560; ne
1875.. 3,170,234 164,950,861 3,922,798
>253,884. In 1880-81, gross. $1,411,776; net, $310,574. (V, 32, p. 1<
2*378
1*735
*643
1876.. 3,119,923 175,510,501 3,664,148
0, 100, 183; V. 33, p. 358, 501 ; V. 34, p. 146.)
2*090
1*438
*653
1877.. 2,742,295 138,116,618 3,203,200
1*539
2*319
*78J
Lake Ontario Southern.- Sept. 30,1880, owned from Sodus Point, N.Y
1878.. 2,746,032 133,702,021
1*131
3,057,393
2*287
1*166
to Stanley, N. Y., 34 miles. This
1879.. 2,822,121 141,162,317 3,138,003
1*448
2*223
company was a consolidation, Dec. !
‘"J
1880.. 3,313,485 176,148,717 3,761,008
1879, of the Ontario South and the Geneva Hornellsville & Pine Cree
2*135
1*341
*794
railroads. The line is from Sodus Point, N. Y., to West
Branch, Pott<
—(V. 32, p. 183,478, 497, 679; V. 33, p. 225, 321, 709, 716.)
...

-

.

,

•

C




KAILROAD

1882.]

April,

Subscriber*

will confer a great

explanation of column
v

Lake Shore

d

headings, &c., see notes
tables.

tirst page of

on

Michigan

Southei'n—( Continued)—

58

-*

LchAah^Hufson Riref—1st mortgage, gold
Lehiah d

Lackawanna- 1st

& 2d mortgages

Valley-Stock ($106,300 is pref.)
1st mortgage, coupon and registered.
- —
2d mortgage, registered
Consol mort.,gold, $& £ (s. fd. 2 p.c.y’ly) cp.& reg.

Lehigh

Easton

& Amboy.

1st mort,, guar.(for $6,000,000)

Delano Laud Company bonds,
Little Miami—Stock, common

1875-6.

endorsed

stock
s.fd. (for $3,000,000)
River d Texas— 1st mortgage

Little Rock it- Fori Smith—Hew
1st M ldgr’t (1,083,000acs)

Little Rock Miss.
2d mortgage

Little Sch uylk ill—Stock
1st mortgage, sinking fund,
\01ig Island—Stock
1st mortgage, extension
1st mortgage, Glencove Br
1st mortgage, main
2d mort, for floating debt
Consol, mortgage,

- ---••**

extended 1877, coup.

1863
1869

1*000

51
22
17
41
25
301
101
101
232
60

1865
1881
1877

1868
1870
1873
1880
1872

....

165
165
150

....

1875
1876
1881

....

31
31
320

1857

95

1868

1878
1881

160
10
19

int. only..

Oily d Flushing—1st mortgage
Income bonds (cumulative).

Long Island

329,000

1,000
50

50

....

500 &c.
500Sic.

1,000
50

1,000
50
500
500 &c.
500
100 Sic.

1,000

company

and merged in this company

600,000
350,000

500

1,000

1*2

April 23, 1873. The Lawrence

Gross earnings in 1880, $185,333; net
in 1881, $193,000; net, $85,124; rental re¬

ceived from lessee, $77,200.

Q.—J.
J. & D.
M.
J.
M.
J.

& S.
& D.
& N.
& J.

]> See preceding
J

(

Mar.. 1882

& N. N.

Y., Bank of America.
Various Ciun., Lafayette Bank.
N.Y.,Wm.C.SheldomtCo
Boston, Co.’s Office.

7
6

M.
M.
M.
F.

& N.
& N.
& N.
Si A.

N.Y.,Corbin Bank’g Co.

do

do

„

Philadelphia Oiliee.
do

Q.-J.

1894

1, 1905
1, 1C0G

Jan.
Jan.

1911
Jan. 13, 1882

Oct., 1882
do
do
do

do
do
do
do
do
do
do

A. & O.
M. & S.
M. & N.

May, 1883
July 18, 1881

Boston, Treasurer.

....

J.
J.
O.
J.
O.

do

do
<lo
do

M. Si N. N.Y., Corbin Bank’g Co. i
J. Si J.l N. Y., Central Pacific. 1

7
6

1894

Jan., 1892

&
Si
Si
&
&

7
5
7
7
6

June 1,

1920

do
do
do
do
Cincinnati.

T.
J.
A.
J.
A.

7

July 1, 1888
Apr. 1, 1882
Var.to J’ly,’97

April, 1882
Pittsburg Office.
N. Y., Winslow, L. Si Co.
Aug., 1895
N. Y., Nat. Excli. Bank.
July 1, 1911
Dec. 1, 1907
Philadelphia.
April 15, 1882
Philadelphia, Office.
June, 1898
Reg.atofflee; cp.B’kN.A
F'-pt., 1910
Phila., Bank of N. Amer.
loJS & 1923
Philadelphia, Office.

Q.-M.

m!

r
page. J

7
7
7
3^
7

150,000
556,000

above.

earnings, $81,002; gross

(?)
(?)

1,000

Railroad was leased June 27, 1869, to Pittsburg Fort Wayne & Chicago
RR. at 40 per cent on gross earnings, with $45,000 per year guaranteed
as a minimum. Lease has been transferred to Pennsylvania Co., by which
the road is now operated. Sinking fund has $26,000 bonds, deducted in
amount of-bonds given

2,588,000
2,125,000
1,275,000
2,646,100
441,000
10,000,000
175,000
150,000
1,121,500
250,000
2,500,000

500
500

Lawrence-Dee. 31, 1881, owned from Lawrence Junction, Pa., to
Youngstown, O., 18 miles; branch from Canfield Junction to Coal Fields,
O., 4 miles; total operated, 22miles. The branch was built by another

F. & A.
J. Si J.
J. & D.

6
7
6,000,000
6 g.
14,013,000
5
2,500,000
7
1.097,000
2
4,637,300
6
1,500,000
6
3 50,000
4,505,308 10 stock.

1,000
1,000

J.
O.
J.
D.

Q.- J.

5,000,000

1,000
1,000
1,000
1,000
1,000

1873
1880

4

27

2
7
6
7

800,000
600,000
27,603,195

....

1871
1871
1881

....

mortgage

1,000

....

156

& Rockaway, guar.
Smithtown & Port Jefferson

500,000
450,000

....

1853
1864

397,000

50

....

....

i

New York

XXXV

Si
Si
&
&

J.
A.
J.
J.

8
3
7
7

$840,000
610,000

1,000

....

1860
1868

gold (for $5,000,000)

Newtown Si Flushing, guar
Los Angelos d San Diego—1st

$....

196
84

Streetconf 1st M. bds (jointly witiiCin.& Ind.RR.)
,

1868

*51

«taoklm. 1st

Lawrence—Stock

BONDS.

INTEREST OR DIVIDENDS.
Date
Miles
pal.When Due.
Size, or
Amount
Rate per
When Where Payable, and by
Stocks—Last
of
Par
of
Outstanding
Whom.
Dividend.
Cent.
Road. Bonds Value.
Payable

^Kalamazoo Allegan * Gr.
Jamestown

AND

favor by giving Immediate notice of any error discovered In tbese Tables.
Bonds—Prinoi-

description.
For

STOCKS

May, 1890
'May, -1884
May, 1898
Aug. 1, 1918
July 1, 1931
April, 1901
Sept.,sl901
May 1, 1911
May, 1891
July 1, 1910

above. The partnership agreement was dissolved November 30. 1868,
and a contract made by which the Columbus Si Xenia road, including
its interest in the above-named branches, was leased to the Little Miami
for 99 years.
On December 1, 1869, tlie Little Miami, with all its
branches, &c., was leased to the Pittsburg Cincinnati & St. Louis Rail¬
road Company for 99 years, renewable forever.
The Pennsylvania
RR. Co. is a party to the contract and guarantees its faithful execution.
Road is now operated by Pittsburg Cin. & St. Louis Railway Co. Lease
rental is 8 per cent on capital stock, interest on debt and $5,000 per
annum for Little Miami Company’s expenses of
; the
ment of the lessor’s lease obligation is also stipulated.
In, 1881 the net
income of the company was $683,179; interest and all charges, $663,-

fulfil¬

organization

is in progress from Warwick Val¬ 617; surplus Jan. 1, 1882, $154,594. Net loss to lessee, $267,467 in
Bonds offered by Sheldon & Wads 1881, against $160,512 in 1880. (V. 32, p. 155, 498.)
33, p. 201; V. 34, p. 146, 408.)
Little Rock d Fort Smith.—Dee. 31, 1881, owned from Little Rock, Arkv
Lehigh d Lackawanna.—Dec. 31, 1881, owned from Bethlehem, Pa., to Fort Smith, 165 miles; branches, 3 miles; total, 168. In Dec., 1874,
to Wind Gap, Pa., 25 miles. This road was opened in 1867. It is leased the
property (then 100 miles), including the land grant, was sold in
to the Lehigh Coal & Nav. Co., and operated by Central RR. of New foreclosure. This
company afterwards built 65 miles, and opened the
Jersey. Of the above bonds, $100,4)00 are a 1st mort., and $500,000 2d road to Fort Smith July 1, 1876. Six coupons of July, 1876, and after
mort. Capital stock, $375,000. Gross earnings in 1880, $43,753; net were funded into 7 per cent notes ($560,100). Notes issued for coupon
earnings, $11,560. Gross earnings in 1881, $47,441; net, $16,526;
No. 5 called in and interest ceased July 1,1881 ; total of notes outstand¬
Lehigh Valley— Nov. 30, 1881, owned from Pliillipsburg (Pa. Line), N ing April. 1882, $466,000. In the year 1880 the gross earnings were
J., to Wilkesbarre, Pa., 101 miles; branches—Penn Haven to Audenried, $510,287 and net earnings $252,459. In 1880, gross. $562,650; net,
18 miles; Hazle Creek Bridge to Tomhicken (and branohes), 32 miles; $260,745. The laud grant is 806,819 acres unsold. (V. 32, p. 467;
Lehigh d Hudson River.—This road
ley road to Belvidere, N. J., 41 miles.
worth, New York, August, 1881. (V.

Lumber Yard to Milnesville (and branohes), 18 miles; Blaok Creek Junc¬
tion to Mt. Carmel (and branohes), 61 miles; Slatedale branch, 3 miles ;
Bear Creek Junction to Bear Creek, 5 miles; Lackawanna Junction to
Wilkesbarre, 10 miles; also owns the Easton & Amboy RR., Amboy,
N. J., to Pennsylvania Line, 60 miles; total operated, 308 miles. This is
one of the most important of the so-called “ coal roads,” and has been
able to maintain dividends during past years.
It is one of the peculi¬
arities of the oompany’s annual report that no general balance sheet is
given. The earnings, expenses and income account* for the fiscal years
ending Nov. 30, were as follows:
1878-9.
Operations1879-80.
1880-81.
Passengers oarried one mile
15,082,971 19,812,238 23,123,806
Anthracite coal (tons) moved 1 m.366,630,225 375,303,125 440,626,699
Other freight (tons) moved 1 mile.150,540,605 166,178,752 202,299,285

Total

freight (tons) moved 1

m.

.517,170,830 541,481,877 642,925,984

Earnings—

Coal freight
Other freight

Passenger, mail,

express,

&c

$6,678,590
2,126,397
618,871

$5,932,326
2,996,981

earnings

$7,762,990 $9,423,858
4.002,357

4,648,084

$2,935,345

Total gross earnings
expenses

Operating
Net

$4,011,445 $5,352,604
1,488,578
1,879,574
432,303
530,812

$3,760,633

$4,775,774

INCOME ACCOUNT.
•

$

$

2,935,345
608,038

3,760,633
837.948

$
4,775,774
968,268

3,543,383

4,598,581

5,744,042

1,557,900

1,630,113

2,268,313
772,682
1,522,954
1,070,059

Receipts—

Net earnings
Other receipts and interest
Total income

'

Disbursements—

Interest

on

debt

Taxes, <fcc., & loss

Morris Can..

866,596

742,953

Dividends*
Charged for accuni. depreciations

1,095,523

1,108,757

on

Total disbursements

990,338

4,472,161
5,634,008
110,034
126,420
on common; in 1880, 10 on preferred
»nd 4 on
common; in 1881, 10 on preferred and 51$ on common.
Operations and earnings for five years past were as follows:
Mis. Freight,
Net
Passenger
Gross
Div.
Years. Miles. Mileage.
Mileage.
Earnings.* Earnings, p. ct.
302 33,388,877
69,902,718 $7,049,647 $3,206,897
Balance, surplus
D* 1879, 10 on preferred and 4

3,520,019
23.364

1876-7.

301 16,657,397
3,325,215
6,488,037
*
86,712,311
1877-8.. 303 13,718,758 112,557,966
3,075,811
5,532,738
1878-0.. 303 15,082,571 150,540,605
2,935,344
5,932,325
1879-80. 303
3,760,633
166.178,752
7,762,990
*
not include receipts from interest, &c., which are large.
-(V. 32, p. 98-183 ; V. 33, p. 588; V. 34, p. 86. 145.)
....

qIfiami—December 31, 1881, owned from Cincinnati, O., to
O., 84 miles; branch, Xenia, O., to Dayton, O., 16 miles;
leased, Columbus & Xenia Railroad, Xenia to Columbus, O., 55 miles .

^ Western Railroad, Dayton, O.. to Indiana State Line, 37 miles;
Tin?***6 *dne f° Richmond, Ind., 4 miles; total operaed, 196 miles. The
lAttie Miami Railroad

from Cincinnati to Springfield, but
Sr® Portion between Xenia and Springfield is now operated as a branch;
tcHa 7? remainder of the main line, as given above, the Col. Si Xenia
columbus to Xenia, is used. On Jan. 1,1865, they leased the Daytn

proper extends

i?Lik^ (Dayton 011 Ind. State line) and the Rich. & Miami (State line
to
and
Feb-

»yion; these

1865, purchased the road from Xenia to
three roads go to form the branch of 57 miles given




V. 34 p.

314.)

Little Rock Mississippi River d Texas.—Dec. 31, 1881, owned from
Little Rock to Arkansas City, 114 miles; Arkansas City to Monticello,
42 milts; Little Rock to
, 1
mile; total, 157 miles. This com¬
pany was a reorganization of the Little Rock Pine Bluff Si New

Orleans

Raiiroad and the Mississippi Ouachita & Red River Railroad. Both
those companies received land grants and State aid bonds. The stock
is $2,606,000. Elisha Atkins, President, Boston, Mass.
(V. 33, p. 201.)
Little Schuylkill,—Nov. 30, 1881, owned from Port Clinton, Pa.,
Catawissa RR. Junction, 28 miles; branches, 3 miles; total operated,
31 miles. The East Mahanoy RR., was leased Jan. 12,1863, for 99 years,
and sub-leased to Phila. Si Reading July
kill Railroad is leased to the Philadelphia

7, 1868. The Little Schuyl¬
Si Reading Railroad for 93

from July 7, 1868, at a fixed annual rental. Of the stock, $158,250
and no dividends are declared on this.
Long Island—Owns from Long Island City, N. Y., to Greeuport, N. Y.,
95iuiies; branches, 65 miles; total owned, 160 miles. Leased, March,
1882—Smithtown&Pt. Jefferson RR,, 19-0 miles; Stewart RR. to Bethpage, 14’5; Stewart RR. to Hempstead, 1*8; New York & Rockaway
RR., 8-9; Brooklyn & Jamaica RR , 9 6; Newtown & Flushing RR.,
3’9; New York & Flushing RR., 2-7; Brooklyn Si Montauk, 66*5 ; Hunt¬
er’s Point Si So. Side RR., 1*5 ; Far Rockaway branch, 9’4 ; Atlantic Ave.
RR., 9*6; L. I. City & Flushing RR., 15 8. Operated—N. Y. & Long
Beach. 6; Central extension, 8-l. Total leased and operated, 168 miles.
The total of all the roads owned and operated is 328 miles. The Long
Islaud RR. went into the hands of a Receiver Oct., 1877. The second
mortgage bonds were issued to take up tloating debt of various classes.
The control of the company sold to Mr. Austin Corbin and others in
Dec., 1880. In July, 1881, stock increased to $10,000,000. In Aug..
1881, most of the holders of SnLtntown & Port Jefferson bonds and
N. Y. & Rockaway bonds agree l to exchange their bonds for the consol,
mortgage, bearing 5 per cent. i n Oct., 1881, Receiver was discharged.
No annual report for 1880
l has been issued, but the prospectus of
the new 5 per cent bonds i
January, 1882 (V. 34, p. 146), gave gross
years
is

held by the company,

earnings for 1880-81 a
$1,947,378; net (approximate), $584,100.
report for L o fiscal year ending September 30, 1880, puk *
lished in the Chronicle, V. 32, p. 68, made the following exhibit:

The annual

1879-80.

1878-9.
Total receipts

Operating expenses
Net

earnings
Payments other than for

$1,617,949
1,279,590
$338,359
construction were as follows:
1878-9.
-

1,365,855

$445,993
1879-80.

107,600
31,799

Floating debt prior to receivership
Assessment Long Island City

228,120
165,399

138,350

ferries

$1,365,855

205,173
193,304

Interest
Rentals of other roads
Funded debt

'

$1,279,590

Transportation expenses
Earnings for other roads and

$1,811,84

16^500

$1,955,878

Total

-(V. 32, p. 16, 44, 68, 183, 231, 526; V. 33, p.
442, 642, 687; Y. 34, p. 19, 146, 408, 435.)

4,366
54,313

-

$1,834,55(5

23, 154, 201, 225,

303,

reorganization of the Flush¬
1880. The stock is $500,000;
Long Island RR. for 50 years at 40 per cent of

Long Island City d Flushing.—This is a
ing & North Side road, foreclosed Dec. 11,
par, $100. Leased to
gross earnings. (V. 33, p. 154, 468 )
Los Angelos d San Diego. —Florence

Cal., 27 miles.
rental
$570,800. Chas. Crocker, President ,Saa

Leased to Central Pacific, and in 1880
were

$5,564.

Francisco.

Capital stock

to Santa Anna,

the net earuiugs paid as

xxxvi

RAILROAD

Subscribers will confer

Miles

explanation of column headings, Ac.,
on first page of tables.

see

notes

Date

of
Road. Bonds

mortgage, gold

Louisville d- Nashville— Stock
General mortgage, gold, coup, or reg
Louisville loan, main stem (no mortgage)
Lebanon branch, Louisville loan
do
extension, Louisville loan
Lebanon-Knox*ville mortgage
Cecilian Branch, 1st mortgage
Consolidated 1st mortgage for $8,000,000
•2d mortgage bonds, gold, coup

966
840

L. C. A L.,

•

•

•

.

46

•

-

.

141
....

1,000

333,000

1,000

1.500,000
1,000,000
7,070,000
2,000,000
3,500,000
2,203,840
2,400,000
492,200
10,000,000
5,000,000
2,000,000
3,500,000
3,000,000

....

1,000
1,000
£200
£200

1,000
100 AC.

1,000
....

1.000

1,000
1,000
1,000
1,000
1,000

1881

1880
1881
1881
1881

175
175
175
288
288
158
26
20
43
351
304

1,000

2,900,000

100 Ac.

892,000
3,208,000
5,000,000
3,000,000
2,300,000
500,000
600,000
1,486,000
3,603,300
3,905,000

.■

Mahoning Coal.—1st mortgage, coupon

Maine Central—Stock
1st mortgage, consolidated

1,000
100

1880
1881

1,000

1871

1,000

1,000
20

....

1872

1.000
100
100 Ac.

#1872

Main line—

Miles.
185

Bardstown, Ky..
Livingston, Ky..
Junction
Richmond, Ky...
Montgomery to Mobile

17
Ill
34

New Orleans to Mobile
Branch to Pontcliartrain
:
Paris, Teuu., to Memphis
Louisv. to Ceoilian. June., Ky.
East St. Louis, Ill., to Evans¬

141
5

Junction to
Junction to
to

180

251)
40

ville, Ind
June.,111.,to Shawneetown.Tll.
Belleville, Ill., to O’Fallon, Ill.
Pensacola, Fla., to Pensacola

1G1
41
0
44

Branch to

1
a

Pineapple, Ala

40

Henderson to Nashville
Pensacola Extension

135
32

Total owned
1.438
Leased and controlled— Junction to Glasgow, Ky.
10
Nashville to Decatur
110
Decatur to Montgomery
180
Junction Paris A Evansville
RR to Owensborh, Ky
35
Lebanon to Greeusburg
31
Selma to Montgomery
50
Total leased and controlled

Junction. Fla

Muscogee dock
Purchased in July, 1881,

Miles.
Selma to

434
Total operated June 30, 1881.1,872
..

controlling interest in the Louisville Cin.

A Lex. (175 miles owned and 73 leased), and in November issued the L.
A N. mortgage on that road to pay for the said stock—the whole stock of
■that company being $1,000,000 com. and $1,500,000 pref. <See state¬
ment of L. C. & Lex. in Supplement of Feb., Is82, and prior dates.
The general mortg. of 1880 is for $20,000,000, of which $9,71G,000 is
reserved to pay off prior liens. For the St. Louis A Southeast, roads the

$492,200 Trust Co. certificates were issued, secured by $800,000 of the
E. H. & N. bonds; they are redeemable any April or Oct., on 30
days
notice. The Southeast. & St. Louis RR., which was reorganized after fore¬
closure of the St. Louis A Southeastern, Nov. 16, 1880, is leased to the
Louisville & Nashville for 49 years, and the L. A N. issues its bonds as
above, secured on the road, about 210 miles long in Indiana and Illinois.
There is also $999,500 of S. E. A St. L. stock. The L. A N. LebanonKnoxville bonds of 1881 cover 110 miles, subject to prior liens, and 62
miles building from Livingston to State line as a first lien. The Pen.
dc Atlantic bonds were sold to L. & N. stockholders thus: $1,000 in
bonds, $500 in bond scrip and $400 in stock for $1,425 cash.
The
3d mortgage bonds of 1882 are secured
by pledge of a largo amount of
stocks and bonds. (Sec V. 34, p. 460 ) The prices of stock have been :
1882.

1881.

.

Jan

100%- 92
Feb
95r>s- 67 *s
March... 83*2- 65

April

-

May.,

94*2-x87
94 %- ^9
95 - 85*s

-

1882.

July
August
Sept’ber

101*2- 90*2
110*2- 99*2
109*2-106

1881

108%-x98*a

-

104*2- 90
99 - 92*2

-.

October
96*2-90*4
Nov’ber
100*8- 91%
June
Dec’ber
-.
108%- 99
The income account for six months ending Dec. 31, 1881, showed
-

gross earnings $5,637,844; net earnings, $2,208,028; total net income,
charges, $1,886,285; surplus for dividend, $640,757;
dividend of 3 per cent Feb. 10, 1882, $543,900.
The annual report for 1880-81, in the Chronicle, V. 33,
r. 439, gave
an account of the various
acquisitions in that year. The c( mparative
statistics -were as follows, not including Nashr. Chat. A 8t. L mis, wnic-h

$2,527,042;

is

reported separately:

1877-78.

1878-79.

1879-80.

662

1880-81.

660
312

880
960

1,438
1,872
$
2,599,353

Miies owned
Miles ls’d A control..

Total operated
Earnings—
Passenger

Freight
Mail, express, Ac*

304

9GG

ex.

972

1,840

1,425,128
3,723,643
458,828

$
1,267,797
3,627,925
491,874

$
.
1,700,207
5,135,985
599,651

5,607,599
3,263,356

5,387,596
3,155,824

7,435,843
4,208,199

10.911,650
6,928,524

2,231.772

3,227,643

3,983,126

..

a

..

Total gross earn’gs..

Op.

434

(incl. taxes).

2,344,243
:

of

oars

and

engines, Ac.

7,407,403

904,894

INCOME ACCOUNT.

1877-78.

Receipts—
Net earn’gs,all s’rces
Disbursemen ts—
Rentals for cars, Ac.
Rentals
lnt.on debt (all lines)
Disc’nton bonds, Ac.
*

$

2,327,023
149,149

1878-79.

1879-80.

$
2,4S1,841

3,227,613

$

$

4,208.335

119,825

58,666
52,000
2,050,900
2,912,327
221,140
236,840
69,750
$240,869 of this is to be refunded to the L. A N. Co., and is included

In the balance of




1,519,717

$206,840.

1,548,129

g.
g.

6

6

Payable, and by

Rond s—Print;!.
pal,When Due

SlocJcs-Last

Whom.

Dividend.

....

1902

F. A A. L. A N. RR., 52 Wall St, Feb. 1
1 qqo
J. A D. Louisville A New York.
Judo. lQr*n
A. A O. N. Y., Bank of America. 1886
A 1887
do
Various
do
1886
A. A O. L.AN.Y., D„ M. A Cc. Oct. I n 18QQ
M. A N.
New York, Agenev.
March 1.
M. A S. N. Y., Drexel, M. A Co.
Mar. 1. iQfV7
A. A O. L. A N. Y.f D., M. A Co.
A mil. 1 ftuft
M. A N.
N. Y. and Louisville.
NOV. 1. 1807
J. A D. London, Baring Bros.
Dec., 1904
F. A A.
do
do
Alls?.. 1 QOO!
J. A D. N. Y"., Drexel, M. A Co. Dec.
1, 1919
A. A O. N. Y., Central Trust Co.
Get. 1. 1884.
New York Agency.
Q.—Mar
Mar. 1, 19‘>»
J. AM. N. Y., Drexel, M. A Co. Jan.
1, 1930
A. A ().
New York Agency.
April 1, 1910
M. A S.
do
do
March 1, 1921
M. A S.
do
do
March l’ 1980
M. A S.
do
do
Mar. 1, 1920
M. A N.
do
do
May 1, 1931
M. A S.
do
uo
Mai*. 1, 1931
F. A A.
do
do
Aug., 1921 ~

7
7
6 g.

J.

6

7

J. A J. N. Y., N at. Bk. Commerce
F. A A.
do
do
A. A O. Boston, Old Colony RR.
New York. Treasurer.
Q.-J.
J. A J. N.York, Union TrustCo.

Aug. l!
April 1,
April 3,
Jan. 1,

7

A. A O. Boston. 2d Nat. Bank.

April 1, 1912

6 g.
5

2*3

Louisville Evansville <& SI. Louis.— The Louisv. New Albany A St. Louis
road in Indiana and Illinois was foreclosed, reorganized and consolidated

August lf>, 1878. The whole projected line is from New Albany, Ind.,
to Mount Vernon, Ill., 181 miles, and in May, 1881, a contract was
reported with a Boston Syndicate for its completion. In January, 1882,
a consolidation was made with the Evansville
Roc/.port A Eastern, with
a total capital of $0,000,000.
John Goldthwait, President, Boston,
Mass.
(V. 32, p. 578, 058 ; V. 33, p. 408 ; V. 34, p. 32, 115, 204.)
Louisville d Nashville.— June 30, 1881, mileage was as follows

g-

6
6 g,
3 g.
5
6

600,000

1,000

1867
1877
1881

Where

Payable

g.

6 g.
6
<> g.
6 g-

2,950,000
1,248,000
3.000,000
3,000,000

...

$1,000,000

When

.

7
3
6
6
6
6
6
7
7
7
7
6

18,130,913
10,361,000
850,000
225,000

....

1881

210
210
45
180
104
185

Rate per
Cent.

1,000,000

1,000

1871
1872
1879
1879
1882
1880
1880

....

Mortgage, gold, on Clue. A Indianapolis Div...
Lowell t£ Framingham—1st mortgage bonds

Louisville to Nashville
Branches—

[Vol XXXIV.

$3,960,000

1,000

c

•

Outstanding

ioo

•

1873

762

.

Lykens Valley—Stock

•

•

1856
1863
1881
1877
1868

392
392
130
83
115

gold for $7,000,000.

mortgage

•

•

172

Louisville New Albany <£ Chicago—Stock
1st

•

'•

Amount

$....

1880

•

•

•

1st mortgage on New Orleans A Mobile RR
Bonds see’d by pledge of 2d mort. S.A N.Ala.RR..
1st M., gold, on Southeast.A St.L.RR.,coup.or reg.
2d mort., gold, on Southeast. A St. Louis RR., cp.
Pensacola Div., 1st mort
Mobile A Montgomery Div., 1st mort
Pensacola A Selma Div., 1st mort
Pensacola & Atlantic, mort., guar
New Orleans Mobile & Texas debenture scrip

on

.

•

Memphis A Ohio, 1st mort., sterling, guar
Memphis & Clarksville br.. 1st mort., sterling
Mort. ou Ev. lien. A N., gold
Trust Company certificates
3d mort., gold, sink, fund, secured by pledge

L. A N. mort.

BONDS.

INTEREST OR DIVIDENDS.

or

Par
Value.

1880
1882

....

Louisv. Ciu. A Lex., 1st mort
do
2d mort., coup., for

Size,

of

Louisville. Evansville <& St. Louis.—1st mort
2d

AND

great favor by giving immediate notice of any error discovered in these
Tables.

a

DESCRIPTION.
For

STOCKS

A j. N. Y., Drexel. M. A Co.
A. A O. N. Y., Imp.A Trad. N.Blc.
M. A N.
New York Agency.

1877-78.
Dividends*
Adv’sAint.S.AN.Ala.
So. A No-Ala. st'g
Miscellaneous

bds.

Jan., 1897

1907”

Nov. 1, 1931

July 1, 1910

1878-79.

1879-80.

368.727
140,271

$
459,998
67,143

$
823,120

62,666
30,679

26,289

$

1911

1891
1882

1902

1880-81
$
•

,221,092

66,713

Total disbursements
2,492,319 * 2,524,937
Balance
Def.145,326 Def.43,096
*
On L. A N., N. A D., and Mob. A Mont.

39.933

6,345

3,042,309

*4.192.364

Sur.185,274 Sur.256,340

-(V. 32, p. 16, 39, 44, 70, 231. 266, 437, 444; V. 33, p. 121. 201, 225.
322, 358, 385. 412, 439, 40
469, 716; V. 31, p. 86, 111, 175. 216, 261
292, 341, 453, 400. j
,
Louisv. N.

Albany d Chic.—Dec. 31, 1881, owned from Louisville, Ky.,
Michigan City, Ind., 290 miles, and 90 miles of the Chic.A Imlianap.
Div., Delphi to Maynard Junction—total, 380 miles. The real between
Delphi A Indianapolis was in progress. A lease for 999 years with Cliie.
A West. Iud. at $81,000 per year gives entrance to
Chicago. The L. N.
A. A C. was opened in 1852 and sold in foreclosure Dee.
27,1872, and
reorganized without any bonded debt.
In Aug., 1881, consolidated
with Chicago A Indianapolis Air Line, and stock increased to
$5,000,000,
giving 15 per cent increase to stockholders of record Aug. 31. In 1880
the company sold $3,000,000 of bonds to the stockholders at 20 cents
011 the dollar.
The annual report was published in V. 34, p. 228.
to

1881.

earnings
Operating expenses

1880.

1879.

$947,654
717,082

Gross

$836,252

$696,631
(>96,657

593,343

Net earnings..

$230,571
$212,908
$99,974
—(V. 32, p. 181, 335, 526, 578; V. 33, p. 23, 100, 124, 176, 255, 412,
519, 687; V. 34, p. 204, 228.)
Lowell d. Framingham.—Sept. 30, 18S1, the Framingham A Lowell
owned from South Framingham, Mass., to Lowell, Mass., 26 miles.
Road opened Get. 1, 1871, and was leased from April 1, 1871, to Boston
Clinton Fitchburg A New Bedford RR. Co., and since Feb. 1, 1879,

operated by Old Colony RR. Co.

On Feb. 14, 1880, a lease of the road
and 4 months, from Oct. 1,1879,

to B. C. F. A N. B. Co. for 998 years

ratified.
Sept. 10, 1881, sold at Sheriff’s sale and reorganized
under above name. The 8 per cent notes are surrendered for
exchange
and cancellation, and preferred stqck is issued for them and for unpaid
was

coupons to Oct. 1,
000 common.
(V.

1881. Stock, $500,000, 5 per et. preferred and $500,33, p. 176, 303, 744.)
Lykens Valley.—Dee. 31, 1881, owned from Millers!)urg, Pa., to Wil*
liamstown, Pa., 20 miles; branch, 1 mile; total operated, 21 miles. A
coal road leased and operated
by the Northern Ceutral Railroad since
July, J880, and previously by the Summit Branch RR. The lease is for
999 years from March 1, 1866, and the rental is $62,500 per annum.
Mahoning Coal.—Dec. 31,1881, owned from Andover, O., to Youngs¬
town, O., 38 miles ; branches to coal mines, 5 miles; total operated, 43
miles. It was opened May l, 1873, and leased for 25 years from that
date to L. Sh. A Mich. So, RR., at 40 per cent of gross earnings. Capital
stock is $1,373,000. The L.S. A M. S. Co. holds $399,000 of the bonds
purchased under the agreement of lease. Net earnings in 1880 (40 per
cent of gross), $85,391, and in 1881, $88,583.
Maine Central.—Sept. 30, 1881, mileage was as follows: Mainline,
Portland to Bangor, Me., 137 miles; branches, Cumberland Junction to
Waterville, 73 miles; Crowley’s Junction to Lewiston, 5 miles; Bath to
Farmington, 74 miles; Waterville to Skowliegan, 18 miies; total owned,
307 miles. Leased, Belfast to Burnham, Me., 34 miles; Newport, Me., to
Dexter, Me., 14 miles; total leased, 48 miles. Total operated, 351 miles.
This was a consolidation in 1862 of the Androscoggin A Kennebe#
Railroad and the Penobscot A Kennebec.
In August, 1873, the Port¬
land A Kennebec, Somerset A Kennebec and Leeds A Farmington rail¬
roads were also consolidated with the Maine Central. The annual report
was published in V. 34, p. 31. The ending of the fiscal year was changed
from Dec. 31 to Sept. 30. so that no comparison of operations with prior
years was practicable. The report had the following:
The gross trans¬
portation earnings of the last two years have increased very largely
over those of the two years immediately
preceding, as will appear from
a comparison of the earnings for these periods.
For the years ending
September 30 they were : 1878, $1,482,770; 1879. $1,465,458; 1880.
$1,661,779 ; 1881, $1,877,078. Our ordinary operating expenses have
necessarily been increased to enable us to do this amount of business,
but not in the same proportion, and we should be able to exhibt a hand¬
some gain in the net results had we not been obliged to make large ex¬
penditures in the nature of permanent improvements, and as tlicy are
charged to the operating expenses this account is unduly increased.
INCOME

Receipts—
Net earnings
Other receipts
Total income...

Balance

-(V. 32,

p.

$647,722
8,656
$656,378

333, C58; V. 34,

p.

31.)

ACCOUNT.

Disbursements—
Rentals paid
Interest on bonds
Total disbusements..

A

§^4.000
570,4bo

April,

KAILROAD

1883.J

Subscribers will confer a

explanation of column

Maine

Date
of
Bonds

55
18
109
36
30
71
71
26

headings, Ac., see notes

Miles
of
Road.

first page

of tables.

Central—(Continued)—
loan) A. A. K. RR.

Bonds ($1,100,000

Extension bonds, 1870,gold.
Maine Central loan for $1,100,000
Leeds A FarmingtomRailroad loan

City loan
& Kennebec, 1st mort., extended
t|()
do
consolidated mortgage
Manchester & Lawrence—Stock
Manhattan Leach Co.—Stock.... . -----K Y Ba\* Ridge A Jamaica RR., stock, guar
Androscoggin Railroad, Batli
Portland

1860-1
1870
1868
1871
1866
1863
1865

14

X y A Man. Beach RR., 1st mortgage
Mau. Beach Impr. Co. (Limited), mortgage bonds
N. Y. Bay Ridge A Jam. RR., 1st mort. (guar.)...

or
Par

....

1877

*2

Amount

1879

8 is
44

....

$100 Ac.
500 &c.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100

756,800
633,000
425,000
217,300
1,166,700
1,000,000 l

4,680,000
300,000
500,000

500 Ac.
500 Ac.
500 Ac.
100
100

New York Elevated, 1st mortgage, gold
Marietta £ Cincinnati— 1st mortgage, dollar
1st mortgage, sterling.
2d mortgage
3d mortgage
4tL mortgage
Scioto AHockiug Valley RR., 1st mortgage......
Balt. Short Line, stock, 8 p. c. guar by M. & C...
do
1st mort., guar, by M. & C

,

m

m

1,000

8,500,000
2,450,000
1,050,000
2,500,000

50

1.125,000

1,000

750,000

50

.

m

m

m

m

,

stock

1,247,450

....

....

....

....

....

30
5*2

gold, (for$3,500,600)...

Memphis <£ Charleston—Stock
1st mortgage, Ala. A Miss. Div. (extend, in 1880).

1,000

646,200

1880

1,000

2,535,000
5,312,725
1,264,000

25

1854

operation since 1819. Formerly operated with the Concord RR. as one
on a basis of two-lifths of the joint earnings. Methuen branch is
leased at a rental of $11,000 per annum. Company lays claim to a twolifths interest in the Manchester A North Weare RR., which is operated
by Concord RR. Ten per cent dividends are paid. Gross earnings in
1*880-81, including amount received from Concord Railroad on account
of joint business, $185,641; net, $100,410. In 1879-80, gross, $164,998;
-net, $100,411. (V. 32, p. 610.)
hue,

Manhattan Beach Company.—A consolidation
made in February, 1880, of the New York

was

under the above title

A Manhattan Beach

Railway, the Manhattan Beach Improvement Company and the Marine
Railway Company. The stock of the new company, amounting to
$4,680,000, embraces the stocks of all the other companies converted
into it, and the Manhattan Beach Co. holds those stocks in its treasury,
.except about $100,000 of N. Y. A Manhattan Beaeli Railway pref.
stock, as also $300,000 2d mort. bonds of the N. Y. A Manhattan Beach
RR. The New York Bay Ridge & Jamaica Railroad is leased and the
bonds and stock are guaranteed.
In December, 1881, a
New York A Manhattan Beach Railway was made to the
Railroad for 35 per cent of gross earnings to the lessor, but

$97,500

per vear

lease of the
Long Island
the sum of

is guaranteed to pay all annual charges.

(V. 33, p.

•612.)

October, 1881, by the agreements made substantially as follows: 1. A
tripartite agreement among the three companies that the indebtedness
of the Manhattan Company to the Metropolitan and New York be can¬
celed, except that the New York company should receive their divi¬
dends due in July and October, and the interest due July 1 on the New
York bonds, tin; interest on the Metropolitan bonds nlso to be paid, but
no

back dividends

on

Metropolitan stock; the claim of the Manhattan

Company against the other two to be withdrawn; and then the net

distributed as follows: First, 6 per cent on New York
stock, then 4 per cent on Metropolitan stock, provided that road should
earn it; then 4 per cent on Manhattan stock, and then all the remain
ing surplus to be equally divided between the three parties to the com¬
pact. 2. A supplementary contract was made immediately after be¬
tween the Metropolitan and Manhattan representatives, by which it was
provided that the Metropolitan Company should have a preferenee over
the Manhattan to the extent of 6 per cent out of its own earnings, and
in consideration of this to relinquish all claims to any proportion of the
surplus of either road, thus giving to the Manhattan Company a claim
to two thirds of the surplus earnings, its own share and that of the
Metropolitan Co. This was further supplemented by an agreement of
Nov. 14, 1881, for the surrender of the stocks of the other companies
and the issue of new stocks by the Manhattan Company, as follows:
To New York Elevated stockholders, $6,500,000 of first preferred 6 per
earnings to be

tent stock

cumulative; to Metropolitan stockholders, $6,500,000 second
preferred 6 per cent stock not cumulative; and to Manhattan stock¬
holders, $13,000,000 of com non stock. (See full contract, V. 33, p. 560.)
TheN. Y. Elevated stock was mostly surrendered and exchanged, hut
Metropolitan stockholders held out against it.
The company went into receivers’ hands July 15, 1881. The state¬
ment of the receivers in V. 33, p. 282, had the following: During the
period from Feb. 1, 1879, to July 14, 1881, the earnings of the two
companies, as shown by the books of the Manhattan, have been as
follows:

New York.

Metropolitan.

earnings Sept. 1,1879 to July 14, 1881. $4,939,491
'■Operating expenses
2,901,699

$4,213,677
2,640,454

Not earnings
Add net earnings Feb. 1 to
Aug.

$2,037,792

$1,572,222

642,090

324,968

$2,679,882

$1,898,191

Gross

31, 1879

Total net earnings

Both roads
Add certain expenses allowed for in operating
Total

net-earnings

2,679,882

$1,578,073

account49,704

•Receipts from sale of Metropolitan RR. Co. bonds, old ma¬
terial, equipment, «fec...
a

he total

$1,627,778
5,913,991

$10,541,769

disbursements have been

10,455,749

Balance cash on hand..
$86,019
'The. statement by Mr. Cyrus W Field in Y. 34, p. 61, shoved gross
ftmmga for the two elevated roa< as follows:
oads




Bank’g Co Jan. 1, 1897
do
do

March, 1909
i

Q.-j.

J.
INI.
J.
F.
F.
M.
J.
A.
M.
J.
J.
M.
J.

April 1, 1882
April 1,-1881
July. 1908

New York,

Office.
A J. N. Y., Mercantile Tr.Co
A N. N.Y., Central Trust Co.
A J. N. Y„ Corn Exoli. Bank.
A A. Balt., R. Garret A Sons.

A
A
A
J. A
M. A
J. A
J.

A
A
A
A
A
A

(?)

April 1, 1882

Nov. 1, 3 899
Jail. 1, 1906

Aug. 1, 1891
Aug. 1, 1891

London.
A.
N. Balt., R. Garret A Sons.
do
do
J.
do
do
0.
do
do
N.
do
D.
do
D. Balt., Merch. Nat. Bank
Cincinnati.
N.
J. Balt., Balt. A Ohio RR.
D. Boston, N. Eng. Tr. Co.
do
do
S.
J. Boston and New York.

May 1, 1896
July 1, 1890
Apr!
1908
May 1, 1896
(1)
Dec. 1, 1904
0)
Jan. 1, 1900
June 1, 1892
,

Mar. 1.
Jan. 1,

1900

Jan. 1,

A J. N.Y.,R.T. Wilson A Co.

1915

...

..

...

ross

$1,287,336
2,021,190
2,469,444

25,917,514
34,498,929

•Gross earnings.
1880.
1881.

1881.

5.894,898
5,530,184
6,006,059

Earnings.

Passengers.
16,169,269

Earnings.
29.875,912
$2,239,489
2,591,785
34,914,243
2.841,631
41,086,849
-Passcngers.1880.

1908

Metropolitan Corn]

Company.-

Passengers.

October...
November
December

7,132,407
7,116,415
7.3S4.197

$438,809

$485,173

415,992
443,179

496,332
512,517

Totals.... 17,431,141
$1,297,982
$1,494,023
21,633,019
-(V. 32, p. 156, 421. 468, 552, 578. 612, 647, 659, 685; V. 33, p. 24. 47.
74, 100. 124, 176, 255, 282, 304. 358, 385. 397, 404,468, 52 7, 560, 642,
717,744; V. 34, p. 61, 86, 115, 264, 291, 378.)

Marietta d Cincinnati—Dee. 31, 1880, owned from Cin. A Balt. June
tiou, O., to Main Line June., O., 157 miles; branches and extensions —
Main Line Junction to Scott’s Landing, 31 miles; Marietta to Belpre, 11
miles; Portsmouth to Ilamden, 55 miles; Blaneliester to Hillsboro, 22
miles; leased—Cin. A Balt. RR., 6 miles; Balt. Short-Line, 30 miles; total
operated, 312 miles. The company made default, and the road was
placed in the hands of Mr. John King, Jr., of the Balt. A Ohio, June 27
1877, and a foreclosure suit was afterward begun. The Marietta A Cin.

Co.

Manhattan Elevated.—This was a corporation formed to lease and operate
the two elevated railroads in New York City.
Its capital stock was
$13,000,000, and it was to pay the interest on the bonds of the two
elevated roads and certain dividends. The original lease guaranteed
10 per cent per annum on the stocks, but this lease was amended in

1900
1898
1901
1891
Oet. 15, 1883
April 1, 1895
May 1, 1882

Gross

Year.

1881

Oct,
July,
July,
July,

Q.-j.

—New York

owned from Manchester, N.

H.,to Methuen (State Line), 22*4 miles; leased, Methuen Branch of the
Boston A Maine Railroad, 33* miles; total operated, 26 miles. Road in

A J. N. Y., Corbin
do
M. A S.
do
J. A J.

7

500.000

1,445,500

100 Ac.

1890 to 1891

do
do
do
do
do
do
do
do
Q.-J.
A. A O. Portland. 1st Nat. Bank.
A. A O. Boston. 2d Nat. Bank.
M. A N. Manchester and Boston.
A. A O.
J. A J.
J. A J.

7
7
7 g.
7
8
8
7
4
7
4
7
8
6
6 g-

300,000

1872
1878

50
90
116
292
181

J.

6
6

4,000,000

....

■

M’nthly Boston, 2d Nat. Bank.

li.3
112
2*2

3,000,000

1,000

1st mortgage
Marquette JR. <£ 0.—1st mort.,M.& O., coup.
do

Manchester & Lawrence.—March 31,1881,

2.000,000

1869

38
188
188

M. II. A O. mortgage.
Mass. Central—’Saw mort.,

1.000

1876
1861
1861
1866
1870
1873
1866

14

do

1,000

1879

1st mortgage
‘2d M. (guar, by Manhat’u).

6
6 g.
7
6
6
6
6
5

7
7"

200,000

100

Stocks—Last
Dividend.

f

1,000.000

3 00

by

7

$1,100,000
496,500

1878

....

Princl*
pal,When Duo
Bonds

.

13,000,000
6,500,000
(?)
6,500,000
10,800,000

....

Metropolitan Elevated, stock

Cincinnati & Baltimore RR.,

XXXVH

When Where Payable, and
Rate pei
Whom.
Cent.
Payable

Outstanding

Value.

898781187-90.
Mannattan Elevated—Stock, common
Stock, 1st pref.. 6 per cent cumulative
Stock, 2d preferred (cumulative 0
do
do

BONDS.

INTEREST OR DIVIDENDS.

Size,

7
881
on

AND

great favor by giving Immediate notice of any error discovered In these Tables.

DESCRIPTION.
for

STOCKS

guaranteed the stock and bonds of the Baltimore Short-Line Rail
and when in default on its own bonds this rental of the Baltimore

way,

Short-Line and the rental of the Cincinnati A Baltimore Railroad were
paid. The coupons overdue on bonds Dec. 31, 1880, were six on 1st
mort., $735,000; seven oil 2d mort., $612,000; eight on 3d inort..

$960,000; seven on 4tli inort., $1,120,006; total,

$3,427,000. The capi¬

tal stock is as follows: First preferred, $8,105,600; second preferred,
$4,440,100; common, $1,386,350. The amended plan for reorganize
tiou is given In Ciikoniclk, V. 34, p. 408, involving assessment on stock.
From Oet. 31, 1879, the Receiver’s report showed that the income in
14 months ending Dec. 31,1880, was: Gross earnings, $2,477,634; net

earnings, $328,133; taxes and rentals were $538,512 ; deiicit, $210,379.
(V. 32, p. 16, 145, 231,526; V.

Suit for foreclosure is yet pending.
33, p. 255, 304, 469, 642 ; Y. 31, p.

204, 291, 408.)

Marquette Houghton
Ontonagon— Dee. 31, 1881, owned from Mar¬
quette, Mich., to L’Anse, 63 miles; branches, 27 miles; total operated, 90
miles. This was a consolidation Aug. 22, 1872, of the Marq. A Ontonagon
Railway and the Houghton & Ontonagon Railway. The company made
default on its bonds, and issued the present 6 per cent bonds in exchange
for piior 8 per cent bonds. The stock is $2,306,600 common; preferred
is 2,259,026, on which 4 per cent dividend was paid Feb. 15, 1882.
The lands amounted to 425,000
acres, mostly timber and mineral
lands, and in May, 1881, were sold for $2,500,000, and $1,750,000 6
per cent bonds called in. In May, 1881. a circular was issued offering
to stockholders the privilege of subscribing to the stock of a land
company. See V. 33, p. 47. Operations and earnings have been ;
Miles.
88
88
88
1881
90
(V. 32, p. 552,
Years.

Passenger
Mileage.
1 *030,290

1,130,678
1,615,903

2,033,885

Gross

Netr

Earnings.
$566,453
552,671

Freight (ton)
Mileage.
15,816,466
15,124,336
20,804,176
23,477,533

Earnings.

$299,182
277,157

771,538

405.719

893,638

433,756

578; V. 33, p. 47, 154.)

Massachusetts Central.—Boston, Mass., to West

Deerfield. Mass., 110

miles; branches, 6 miles; total as projected, 116 miles.
Leased March,
1880, to Boston & Lowell for 25 years, at a rental of 25 per cent of
Stock, $3,500,000.
gross earnings, and to be completed as specified.
-(V. 33, p. 469.)

Memphis <£ Charleston— June 30, 1881. owned from Memphis to
Ala., 272 miles; branches—to Somerville 14 miles, to
Florence 5 miles, to Mississippi River 1 mile;
total operated, 292
miles. This road was leased June 2, 1877, to the East Tennessee Vir¬
ginia & Georgia Railroad for twenty years from July 1, 1877. The
lessees were to operate the road on their own account and apply the net
earnings to interest and pay the balance, if any, to the lessors. The
lease was terminable on 6 months’ notice and was modified i» December,
1879, the M. & C. Company giving up their right to terminate the lease,
and the lessees agreeing to buy the coupons for three years following in
case the M. & C. earnings should be insufficient to pay them.
Of the new
consolidated mortgage, $1,400,000 is secured by the old Tennessee State
lien for $1,736,906, assigned to a trustee. The tirst mortgage bonds due
May, 1880, were bought up, but not paid off.
Jn March, 1882, a
sale of the stock to East Tennessee Virginia A Georgia was arranged.
See terms, V. 34, p. 292. Earnings for four years past were as follows:
Miles. Gross Earn’gs. Net Earn/gs*
Years.
Stevenson,

292
292
§92

292
:
-(V. 32, p. 526, 552 ; V. 33, i\ 553, 560; V.

$989,857
862,513
1,003.271

-

$307,445
231,038
262,924
511,34;*

1,342,082
34, p. 265, 292, 409-1
.

1

INTEREST OR DIVIDENDS.

DESCRIPTION.
on

Miles

of column headings, Ac., see notes
first page of tables.

Memphis d Charleston—(Continuedi—
2d mortgage

Consol. M.,g. ($1,400,0001st M. on 91 m.

in Teun.)

Memphis d Little Rk.—1st M. (paid $50,000 yearly)
General mort., land grant, (s. f. $10,000 after ’82)
Mexican Central (Mexico.) — 1st M. ($32,000 p. m.).
Income bonds, convertible, not cumulative
Mexican National Railway (Mexico) — IstM., gold..
Mexican Oriental Interoceanic d

Michigan Central—Stocks

1st mortgage, convertible,
1st mortgage, convertible

[vol. xxxnr.

giving immediate notice ot any error discovered in tbese Tables,

Subscribers will confer a great favor by

For explanation

BGITOS.

AKD

STOCKS

RAILROAD

xxxyin

Internal'l—Stock..

sinking fund

Consolidated mortgage (for $10,000,000).,-a

Michigan Air Line mortgage.,
,
do
1st mort.,assumed byM. C—
do

Equipment bonds.

Date
of
Road. Bonds
of

....

82
39
39

Minneapolis d St. L.—1st M., Min. to Merriam June.
1st mortgage, Merriam Junction to State Line
..

1,000
1,000

1,000

1857
1857

1,000
1,000
1,000
1,000
1,000
1,000

ioo
1872
1870

....

236
298
13
100
298
....

126
140
27
93

•

When

Cent.

Payable

7
7 g.
8
4
7
3
o g.

1,958,000
250,000
2,600,000

13,536,500
(?)
8,317,000
(?)
18,738,204
1,508,500
437,000
8,000,000
1,900,000
200,000
556,000
500,000

1
8
8
8
8
8
6
8
8

491,200
1.000,000
424,000
4 000,000

1,000
....

1,000
1,000

1,000

8
8
5
8
8
8
6
7 g.

1 943,000

1,000

2ia

1,024,000
68,000

1,000

.

1,100,000

'

400,000

....

1,000

8,300,000
500,000
2,155,000
4,022,500
455,000

1,000

1,000
50

•

1,000

138,367.
has
were $428,620;
t1,500,000. Thein about 150.000earningshave been certifiedofto1,000,000
1879 gross a land grant from Congress net earnings,
of which
acres
it. The
feneral mortgagethis companycent interest after July, St. Louis &April,
880, control of carries 8 per was purchased by the 1882. In Iron
company

acres,

Mountain, and on Jan. 1, 1882, the coupons were permitted to go to
default, and Mr. Marquand then offered to purchase the coupons, hold¬
ing them as a lien against the company, but afterward the coupons

Dividend.

J. A J. N.Y., R. T. Wilson A Co
J. A J.
do
do
M. A N. N.Y., H.Talmadge ACo.
Janu’ry N. Y., L. Borg, 35 Wall.
J. A J.
Boston.
do
A. A O. New York, Co.’s Office.

Jan. 1, 1885
Jan. 1, 1915

Yearly-’81-’83
July, 1907'
July 1, 1911
July 1, 1911

....

A.
A.
M.
J.
M.
A.
M.
M.
M.
J.
J.
M.
M.
J.
J.
M.
M.

A
A
A
A
A
A
A
A
A
A

Grand Central Depot.
O. N. Y., -. Union Trust Co.
O.
do
do
N.
do
do
do
J.
do
do
do
N.
do
O.
do
S.
do
do
do
N.
do
N.
do
do
do
J.
do
do
J.
do
do
do
N.
S.
do
do
do
do
J.
do
do
J.
do
S.
do
do
do
S.

A

A
A
A
A
A
A

1911

Aug. 1. 1881
Oct.

•

Oct.

1,1882
1,1882

May 1,1903
Jari. L1890
Nov.

1,' 1899

April 1, 1883
1909
Nov. 1, 1889
Nov. 1. 1890

Jan., 1882
July 1, 1886
May 1,1902-3
Mar. 1, 1931
July 1, 1885
July 1. 1885
Sept. 1, 1891
Sept. 1, 1891

Middleto’n,N.Y.,lst N.B

....

1886
Mar.

1, 1909
May 1, 1921
May 1, 1911
D. N.Y.,Merch.Excli.N.Bk. June 1, 1910
J. Phila.M.H. AS.H. R.Co. July 15,1881
J. N.Y., Continental N.Bk. j Jau. 1, 1907
do
Feb. 1, 1927
D.l
do

3ia
7 g.
7 g.

J.
J.
J.
J.

A
A
A
A

'

1877.

$
204,457
363,075

302,742
441,639

Taxes
Miscellaneous

Total...

4,508,482

earnings
P.ct.op.exp.toearn’gs

2,052,953
68-71

Net

1879.
$ *

1878.

$

201,682

514,403

1880.

$
197,255
820,053

4,367,238
2,504,856

4,699,592

5,738,751

2,647,202

3,212,624

63-55

63-97

64-11

INCOME ACCOUNT.

Receipts—
Net earnings
Interest and dividends

1879.

1880.

$3,212,624

119,664

$2,647,202
68,634

$2,624,520
$

$2,715,836
$

$3,346,993

184,310

184,310

1878.
$2,504,856

(V. 34, p.

Mexican Central (Mexico).—This road is under the management of Bos¬
ton capitalists. The lines projected and in progress are (1) the main

Slocks—Last

....

4, 5,6

950.000

500 Ac.

Bonds—Prlncb
pal,When due.

M. A S. N. Y., S. 8. Sands A Co.
M. A N.
New York.

7
6
6

572,000

1,000

Where Payable, and by
Whom.

Q.-F.

7
'

640.000
70,000

Memphis d Little Rock.—Dec. 31, 1879, owned from Little Rock,
Ark., to Hopefleld, Ark.. 135 miles. Default was made November, 1872 ,
and the property sold in foreclosure. The new company also defaulted,
and the road was sold and reorganized April 28, 1877. The stock is

paid. F. A. Marquand is President, New York City.
204, 265, 292, 378.)

Rate per

$1,000,000

100

1877
1877

were

Outstanding

1.000

1866
1872-3
1881
1865
1867
1871
1880
1866
1881
1879
1881
1881
1880
.

Amount

1,000
1,000

1870
1874
1879
1869
1870
....

84
145
145
116

_

Milw.Lake Shored- West—Northern Div., 1st mort
Consol, mort., gold (for $5,000,000)
Income bonds (not cumulative)
Milwaukee d Northern— 1st mortgage
Mine Hill d Schuylkill Harm—Stock

250 Ac.

■

..

Grand River Valley, stock, guar
do
1st mort., guar. 5
Detroit A Bay City 1st mortgage, endorsed
Mort. on Detroit A Bay City Railroad
Jackson, Lansing A Saginaw 1st mort
1st mortgage
do
do Cons. m. on whole line (300m.)
do
do
do
Middletown TJnionville d Water Gap—1st mortgage.
Midland No. Carolina— 1st mort. (for $10,000,000)

Value.

1881

....

800
284
284
284
103
10

or

Par

$....
1,000
1,000

....

....

....

M. C. bonds, mort. on Grand River Valley RR.
Kalamazoo & South Haven, 1st mort., guar
do
2d mort., guar
do

1867
1877
1877
1877
1881

272
292
133
133

Size,

Total inoome
Disbursements—
Rentals paid
Interest on debt
Dividends

-

*

1,403,472
1,431,640
(4) 749,528 (5^)1,030,601
97,840

134,374

184,310
1,385,120

from Tampico westerly
(8) 1,499,056
through San Luis to the main line; (3) from the main line to the City of Miscellaneous
70,000
Guadalmara, and thence to Pacific Coast at San Bias. The company has a
208,512
97,453
Balance, surplus
161,202
subsidy from the Mexican Government of $15,200 per mile on most of
the lines, payable in certificates with which 6 per cent of customs duties
Total..
2,624,520
2,715,836
3,346,998
have to be paid. The first mortgage bonds were issued thus: $5,000
The Jackson Lansing A Saginaw debt is assumed by Michigan CentraL.
with $1,000 income bond and 40 shares of stock for $4,500 cash. The which also
pays $70,000 per year on the stock of $2,000,000, one-third
Stock authorized is $32,000 per mile. Thos. Nickerson, President, Bos of which it owns; the proceeds of J. L. A S. lands go to pay bonds,,
ton. (V. 32, p. 100, 396; V. 33, p. 193, 469, 716; V. 34, p. 61, 147
and in 1880 sales amounted to $681,341, leaving 408,881 acres unsold,
204, 291, 344, 407, 435.)
valued at $3,066,607. Interest was passed on the Detroit and Bay City
Mexican National Railway (Mexico).—This is the road building from bonds, not guaranteed, November, 1875, and sale was made Feb. 12,
Laredo to City of Mexico, under the Palmer-Sullivan concession, from 1880, for $3,625,750. In March, 1881, the Michigan Central bonds for
Mexico. Statements at some length as to the company’s affairs were in
05, 368. 437, 497, 511, 679, 686; V. 33, p. 225, 358, 709, 744.)
the Chronicle, V. 33, p. 717; V. 34, p. 204. Bonds for $1,000 with
stock for $1,000 were issued for $1,050 cash. The road is built by the
Middletown TJnionville d Water Cap— Oct. 1, 1879, owned from Mid¬
Mexican National Construction Co. (V. 32, p. 16, 685 ; V. 33, p. 193, dletown, N. Y., to Unionville, N. J. State Line, 13 miles.
Road opened
716, 717; V. 34, p. 204, 231.)
June 10, ’68.
Is leased to the N. J. Midland RR. at a rental of 7 per cent
Mexican Oriental Interoceanic d International.—This company is on stock ($123,850) and interest on b’ds. G. Burt, Pres’t, Warwick, N.Y
formed to build from Laredo to City of Mexico, in connection with the
Midland North Carolina.—American Loan A Trust Co., Boston, it
Gould system of roads terminating at Laredo. The Mexican Govern¬ trustee, see V. 34, p. 461.
ment grants a subsidy which it is said will net $12,000 per mile.
See
Milwaukee Lake Shore d Western— Dec. 31, 1880, owned from
Circular of Mr. Gould, as President of Mo. Pacific, in V. 33, p. 687, 716.
Milwaukee, Win., to Wausau, Wis., 210 miles; branches—Ilortonvilleto
Michigan Central.—Dec. 31, 1881, owned from Detroit, Mich., to Ken¬ Oshkosh, 23 miles; Manitowoc to Two Rivers, 6 miles, and Eland Junc¬
sington, Ill., 270 miles; used jointly with Ills. Central, Kensington to tion to Birnamwood, 5 miles; total operated, 244 miles. The company
Chicago, 14 miles; leased lines—Michigan Air Line, 104 miles; Jackson defaulted on the interest of its bonds in Dec., 1873. and on Dec. 10,
Lansing A Saginaw, 236 miles; 'Grand River Valley, 84 miles; Kala¬ 1875, the property was sold in foreclosure for $2,509,788 and pur¬
mazoo A South Haven, 40 miles; Joliet A Northern Indiana, 45 miles;
chased by bondholders. The reorganized company has $5,000,000 pre¬
Niles A New Lisbon, 11 miles; total operated. 804 miles. The leased ferred stock and $1,000,000 common. A consolidated mortgage for
lines have been largely assisted by the Michigan Central Company, and $5,000,000 is issued to take up all other debts, and the balance for
prior to 1872 the Michigan Central was a regular dividend-paying ex tensions, Ac. Pref. stock has a prior right to 7 per cent from net
company. The Vanderbilt party took possession in June, 1878.
earnings. In 1880 gross earnings were $427,751; net earnings. $154,*
For 1881 (December partly estimated), the statement of income was 487.
For year ending Jane 30, 1881, net income was $139,704, and
as follows:
6 per cent, for 1881 on income bonds is to be paid in 1882.
(V. 32, p*
1880.
1881.
232, 288, 569, 578, 636, 657; V. 33, p. 580; V. 34, p. 115, 177.)
$9,085,749
Gross earnings
$8,936,000
Milwaukee d Northern—Jan. 1,1881, owned from Green Bay, Wis.,.
5,738,751 to
Operating expenses and taxes
6,752,000
Schwartzburg, Wis., 104 miles; branches—Menasha and Appleton to
of
(6316)
(75-56
Percentage of earnings.
Hillbert, Wis., 22 miles; total operated, 126 miles. The new bonds
oarry
Net earnings
$3,346,998 June 4 per cent for one year, 5 per cent for one year and 6 thereafter
$2,184,000
5, 1880.foreclosure was made and road sold for $1,500,000. The
1,586,410 stock is
Interest and rentals
1,693,000
$2,155,000, same as bonds. It is leased to Wisconsin Central
at a rental of 37*3 per cent on gross earnings, terminable by either
Balance
$491,000
$1,760,588
and
Dividends
(2^) 468,455
(8) 1,499,056 party on 6 months’ notice, 1879, on Feb. 1,1882, the lessee gave such
notice.
Gross earning*,
$383,251; net, $136,033. Gross m
$261,532 1880, $470,861; net, $175,053. Gross in 1881, $530,250; net, $198,944.
$22,545
Surplus.
—(V. 32, p. 335, 437; V. 34, p. 147.)
In 1880 construction account for the entire system increased $271,109,
Mine Hill d Schuylkill Haven.—Nov. 30, 1881, owned from Schuylkill
Of which amount the cost of lands and new 2d track, viz., $95,184, was Haven.
Pa., to Locust Gap, Pa., with branches, 66^ miles. R°uuwa£
paid with funds derived from traffic; but the cost of 227 new freight leased May 12,1864, to the Philadelphia <sc Reading Railroad Co.
999
oars, viz., $175,925 was paid with proceeds of sundry securities which
years at a rental of 8 per cent on the capital stock. There is no deDtv
the company held.
and 7 per cent dividends are paid. Operations not separately reported^
line, from the City of Mexico to El Paso; (2)

f4.000,000, secured by mortgage on that road, were issued.—(V. 32, p.

included in lessee’s returns.

OPERATIONS AND FISCAL RESULTS.

Minneapolis d St. Louis.—Dec. 31, 1880, owned from Minneapolis to
108 miles; Albert Lea to Fort Dodge, 102 miles; Wyoming
Falls (Lj owned), 21 miles; leased, Minneapolis to White
15 miles; White Bear Lake to Duluth, 143 miles; total
operated, 389 miles. In June, 1881, a consolidation was arranged with
$2,000,000 of stock. (See V. 32, p. 613.) Gross earnings for year
1878-9, were $471,344; net earnings, $186,640; 1879-80,
$819,558; net, $256,650. The bonds of the $1,100,000 mort. (1877b
numbered from 1.101 to 1,400, for $500 each ($150,000 in **u)’**jT?
guaranteed by the Burlington Cedar Rapids A Northern Railroad, -in©
bonds on the 15 miles were issued by the Minneapolis A Duluth Rail¬
road before it was absorbed by this company. Preferred stocK oi
$8,000,000 is authorized and $4,000,0J0 issued;
coimnon stoc**
8,951,375 $12,000,000 autboiized and $6,000,000 issued; par of both $100per
share. The projected Southwestern extension runs from Fort Dooge»
$
1,226,536 la., towards Kansas City, Mo., 325 miles, with a branch to_Comicu
670.006 Bluffs, 140 miles. W. D. Washburn, President. (V. 32, p. 121, 500, Dtnv
2,824,901 612; V. 33, p. 201, 470, 528 ; V. 34, p. 62.)

1880.
1877.
1879.
1878.
Operations—
1,373,530
1,445,655
1,699,810
1,400,847
Passengers carried...
Passenger mileage ... 79,805,454 79,684,072 93,232,430 115,523,789
2*41 cts.
2-21 cts.
2-13 cts.
2-36 cts.
Rate& pass’ger# mile
2,786,646
3,513,819
3,797,137
2,937,570
Freight (tons) moved.
Freight (tons) mileage446,708,939 548,053,707 721,019,413 735,611,995
0-842 cts.
Av. rate $ ton $ mile
0‘982 cts.
0*848 cts.
0-692 cts
3
Earnings—
$
$
$
2,461,771
Passenger
1,881,581
1,918,609
2,062,265
6,195,971
Freight
4,646,248
4,986,988
4,387,839
293,633
Mail, express, Ac
307,237
297,541
292,015
Total gross

earnings. 6,561,435
Operating Expenses—
$
Mamt. of way. Ac
778.948
Maint. of equipment.
627,624
Transpart’n expenses 2,357,529




6,872,094

$

854,554
648>718

2,296,394

7,346,794

$

904,613
623,730
2,455,164

-

Albert Lea,
to Taylor’s
Bear Lake,

April,

Subscriber*

will confer a great

Minneapolis & St.

Miles

—

Louis—(Continued)-

15

102

)

extension
Extension ...
10 years
1st mortgage, gold, Pacific Extension ...
Mississippi & Tennessee—1st mortgage, ser
1st mortgage, series “ B,” (a second lien).
Missouri Kansas (£■ Texas—Stock
- - >1st mortgage, gold (Tebo.
Neosho) ... ...
Consolidated mortgage, gold, on road and land..
2d mortgage, income (interest cumulative)
Booneville Bridge bonds, gold; guar. ......
General consol. M.. gold (for $45,000,000)
Mortgage on Southwestern
Mortgage on Lake Superior
2d inert, bonds, income, 5 &

53
21

172

.

62
100
100

.

182
100
786
786
>

Intermit.
do
do

Missouri

.

Pacific—Stock ..I

$50,000 per annum)..
bonds)

Leavenworth Atch. & N. W., 1st

mort

•

•

•

•

708

or reg.)..

15%
_

21
210
310
99

registered
land err”

1881
1877
1877

f525,489; net, $269,379; 1880-81, gross, $492,186;
4,
59.)

1,000

1,000

9,358,000

1,000
500 &c.
.

1,000
1.000
500 &c.

1876
1880
1873
-

•

•

250,000

•

1867
1872
1870

....

1,000
1,000

organized April, 1870,
Pacific—Southern Branch, the
1874 the Hannibal &
made default on their
consolidated bonds in Dec., 1873, and was operated by a Receiver from
Dec. 30,1874, to July 1,1876. when the Union Trust Company of New
York took possession.
The election of Mr. Gould as President took
place in January, 1880. On Dec. 1,1880, the company took possession
of its property, paying the overdue coupons. The Missouri Kansas &
Texas bonds and Union Paoiflo Southern Branch bonds till 1881 reoeived
5 per rent only in cash and balance in scrip. The company had a land
grant from the United States estimated at 817,000 acres and from the
State of Kansas 125,000 acres. There is also a grant in the Indian
Territory of 3,622,400 acres subject to the extinguishment of the Indian
title. The Booneville Bridge Co. is a separate organization, and earns
interest and proportion for sinking fund. Nov. 17,1880, stockholders
voted to increase stock by $25,000,000, to make extensions to Rio
Grande River and City of Mexico and Fort Smith, Ark. The general
consolidated mortgage is at $20,000 per mile on all road built and to
be built; of which $18,217,000 is reserved to take up first consol, and
prior bonds; $10,000,000 reserved to take up income bonds and inter
©at, with bonds under this mortgage whioh may carry less than 6 per
lease to the Missouri
following: That the

mortgage interest, pay¬
ing over the balance to the Missouri Kansas & Texas Company. If there
is a deficit in income the lessee may advance money to pay interest, or
in oase of failure to make such advance the Missouri Kansas &. Texas
can resume possession of its road.
(See V. 32, p. 613.)
The International & Great Northern Railroad was merged with this
company in May, 1881, Dy an exchange of two shares of Missouri
Kansas & Texas
for
one
of International & Great Northern.
The International & Great Northern was a consolidation of the
Houston & Great Northern Railroad and the International RR. of Texas
on Sept. 22,1873.
The company made default on its bonds, and a Re¬
ceiver was appointed in April, 1878. Sales in foreclosure were made
July 31 and Oct. 14, 1879. In the reorganization the lands of the com

conveyed to the
their lien on the road,

pany, amounting to about 5,000,000 acres, were
second mortgage bondholders in full settlement for
which was
thereby discharged. The
for one-half of ola mortgages and overdue interest.
oent for 1879 was paid on these and for 1880 5 per
March 1 and 2% per cent Sept. 1,1881. The option

present income bonds were issued
Interest at 4 per
cent—2% per cent
was given to ex¬
second mortgage bond. Prices of

new 6 per oent
Missouri Kansas & Texas stock have been:

■Jaw
Feb

....

March...

50%- 393s
47%- 42%

-

August

-

Sept’ber

-

47 %- 43

383s- 26%
36%- 263s

£.Pril

October.
Nov’ber
Dec’ber

-

44%

-

June

54

-

W

1882.

July

533s- 49

-

-

1881.

51%- 40%
4538- 37
44 - 39%

of M. K. & T. for 1880 was

age rate, 1-654 cents.

From

Earnings.
passengers

$820,201

Sss mail, express, &c. 3,110,461
From
232,388
Total($4,721

57 p.m.) $4,161,671

For maintenance of way
For rolling stock
For transportation, &c.

$994,075

832,341
789,628

Total($2,976 62 p.m.) $2,616,045

6»rning8, (37*14 per oent.), $1,545,625. Interest oharges
011consol. and underlying 1st mort. bonds, $1,252,230.”

Earnings for five years past were as follows:




J.
D.
A.
O.
N.
I>.
D.
N.
N.
N.
S.
S.

F. & A.
J. & J.
M. & N.

.

_

.

_

....

7
7 g.
7 g.

N.

Y., Union Trust Co.

F. & A.
M. & N.
I. & D.

N.Y., Mercantile Tr. Co.
N. Y., Co.’s Olfice.
do

do
do

Jan. 1, 1907
June 1, 1909
Dec. 1, 1910
June 1, 1910
Jan. 1, ’86~’91

April 1, 1921
April 1, 1902
July 1, 1902

do

Jan., 1899
June, 1903
1904-1906

April 1, 1911
May 1, 1906
Dec. 1, 1920
1900

New York, Co.’s Office.
do
do
N. Y., National City B’k

May 1, 1890
May 1, 1892
Nov. 1, 1919
Sept. 1, 1909

New York, Office.

April 1, 1882
Aug., 1888
July, 1891
May 1, 1892
Feb., 1885

1909

N.Y., Mercantile Tr. Co.
do
do
St. Louis.

do
do

N.Y., Mercantile Tr. Co.
do
do
do
do
do
do
do
do
do
do
do
do
New York or London.
N.Y.. Mercantile Tr. Co.
Gross Earn’gs.

Miles.
786
786
786
786
786

Years.
1876
1877
1878
1879
1880

do

do

mont’ly
M. & N.
M. & N.
A. & O.
A. & O.

Nov., 1920
1, 1893

Oct.

Oct.

Aug. 1, 1892
Mayl, 1897
1895

June 1,

Net

Earnings.

$1,215,999

$3,217,278
3,197,321
’

1, 1889

952,211
428,833
1,271,541
1,545,625

2,981,681
3,344,291
-4,161,671

—(V. 32, p. 101, 183, 205, 335, 421, 469, 526, 552, 613, 652. 659, 685,
686; V. 33, p. 47, 74, 201, 358, 404, 412, 470, 539, 716, 736; V. 34, p.
292, 344, 378.)
Missouri Pacific.—'This was a consolidation in August, 1880, embracing
589 miles, made up of the Missouri Pacific, St. Louis & Lexington, Kan¬
sas

City <fc Eastern and Lexington

& Southern in Missouri; and

the St.

Louis Kansas & Arizona and Kansas City Leavenworth & Atohison in
the State of Kansas, 708 miles in all. In May, 1881, the St. Louis Iron
Mountain & Southern was taken in, as follows:
From St. Louis to

lines, Mineral Point, Mo.,
Belmont, Mo., 120 miles;
Poplar Bluff, Mo., to Bird’s Point, Mo. (Cairo), 71 miles; total, 685 miles.
The Pacific Railroad of Mo. was sold in foreclosure of the 3d mortgage
Sept. 6, 1876, for the nominal price of $3,000,000, to C. K. Garrison
and others, and a new company organized with a stock of $800,000.
The consolidated mortgage above is for $30,000,000—trustees John F.
DMlonJand Edward D. Adams. The bonds are issued to retire the out¬
standing bonds of the consolidated company, as above given, amounting
to $20,184,000. The remaining $9,816,000 are issued as may he re¬
quired for finishing, constructing, purchase, acquisition, <fco.
The St. Louis Iron Mountain & Southern stock was merged in the
Mo. Pacific in May, 1881, on the basis of three shares of Mo. Pacific for
four shares of Iron Mountain. In August, 1881, a circular was issued
giving holders (Aug. 8) of ten shares Mo. Pac. stock the right to take
one snare in the Hudson River Contracting Co., to build 250 miles of
new road from Knobel, on northern line of Ark. to La. State line, in
Ashley Co., under the Cairo & Fulton charter.
It is stated that no annual report will be Issued for the year 1881,
but the following very brief income account was published in the N. Y.
World, which obtains the moat information of roads under the Gould
Texarkana, Texas Line, 490 miles; branch
to Potosi, Mo., 4 miles; Bismarck, Mo., to

management:
Gross earnings
Income received from

dividends and interest on

$6,722,477
1,918,480

Investments
Gross receipts
Expenses, operating
Expenses, taxes, rentals, &c

Gross

$3,505,716
774.403

;

Interest on bonds

5,575,491
$3,065,466
1,524,167
$1,541,299

Surplus available for dividends
Dividends paid during year
Net surplus
Balance to credit

$3,640,957

1,295,371

expenditures

2,516,457
Balance to credit of income account Dec. 31,1881
$4,057,756
The St. Louis & Iron Mountain road defaulted on its interest in 1875
and finally made a compromise with its bondholders, issuing the first
pref. income bonds due in 1891-95-97 and 1914. the overdue coupons on
mortgage bonds, the coupons not being canceled but hold in trust as
security. The 2d pref. income bonds, due 1914, were issued to holders
of consolidated mortgage bonds, and those bonds deposited as security.
Interest to Dec. 31, 1879, has been paid on the income bonds, but
nothing since, and suit has been commenced to compel the payment
of interest. The company offers to exchange them for the new 5 per cent
mort. bonds, with which all other bonds are eventually to be retired; in¬
terest on both classes of the income bonds is cumulative. The Mercantile
Trust Co. of N. Y. is trustee of the general consol, mort. The St. L. I. M.
& So. annual report for 1880 was published in V. 32, p. 285. Oomparar
of income aocount Dec.

$

Total gross

eam’gs

..

4,500,422

31, 1880

for four years are as
1878.

4,5lf,321

1879.

follows:
1880

$

5,292,611

INCOME ACCOUNT.

oi

Expenditures.

&
&
&
&
&
&
&
&
&
&
&
M. &

42%- 36%
44%- 38% tive earnings, &c., of St. L. I. M. & S.
1877.
413s- 34%

issued, but the returns
Manual had the following: “ Operations for year ending Dec.
run (passenger, 845,494,
2,026,102), 2,871,l8^0. Trains engine service, 3,550,004 freight, Passengers carried,
miles. Total
miles.
355,075; carried one mile, 24,796,548; average fare, 3-38 cents.
Freight moved, 889,218 tons; moved one mile, 188,024,404 tons. Aver¬
No pamphlet report

J.
J.
F.
A.
M.
J.
J.
M.
M.
M.
M.

Q.-J.

....

2,500,000

net, $194,346. (V.

g.
g.
g.

7

4,000,000
6,000,000

1.000

g.
g.

....

190,000
650,000

1,000

The Missouri Kansas & Texas Company was
and embraces by consolidation the Union
Tebo & Neosho and other mindr companies. In
Central Missouri was purchased. The company

1881.
48 - 40%

205,000

....

•

1870
-

1,000

gg.
g.

9 g.
7
8
7
7
9 g.
6 g.

800,000
700,000

1,000

Stocks- Last
Dividend.

Whom.

N N.Y.,Continental N. Bk.
do
do
D
New York.
D
do
D
J. N.Y., Continental N.Bk.
New York
O.
O. N. Y., Imp. & Trad. Bk.
do
do
J.

&
&
&
&
&
&
<fc
&

1%

3,828,000
5,000,000

31,1880, owned from Hannibal, Mo.,
branches—Parsons, Kan., to Junction City,
Pao. RR.) to Paola, Kan., 54 miles; Deni¬
son, Tex., to Gainesville,Tex., 40 miles; Denison to Greenville, Tex.,
■52 miles; total. 879 miles.
International & Great Northern, March,
1882—from Longview, Texas, to Houston, Texas, 236 miles, and Pales¬
tine, Texas, to Laredo, Texas, 415 miles; branches—Longview to Jarvis.
29 miles; Houston fr> Columbia, 50 miles; Phelps to Huntsville, 8miles;
leased—Round Rock to Georgetown, 10 miles; Henderson to Overton,
16 miles; total operated March, 1882, 760 miles.

1882.
393g- 35%

507,500

7,054.000
30,000,000
7,000,000
2,573,000

1,000

Missmiri Kansas <& Texas .—Doc.

T

32,000
7,954,000

500 &c.

pal,When Due,

Payable, and by

'

9
7
7
6
7
9
6
7
7
9
8
6

447,000
768,000

1,000
1,000
1,000
100

1868
1871
1872

8

1,003,000
2,296,000
349,000
14,772.000
8,128,000
956,000

to Denison. Texas, 576 miles;
Kan., 157 miles; Holden (Mo.

change these for the

930,000
976,000

M.
J.
J.
J.
J.
A.
A.
J.

40.897,000

30, 1881, owned from Grenada,
Miss., to Memphis, Tenn., 100 miles. Capital stock, $825,400. Debt
was consolidated as above in 1877.
Earnings for three years past
were:
1878-79. gross, $373,687; net, $169,955; 1879-80, gross,

a

500.000

1,000
1,000
.

7 g.
7 g.
7
7
7
9 g8

636,000
246,000

100

1868
1870
1871-3
1876
1873
1880
1880
1870
1872
1879
1879
1881

When Where
Rate per
Cent.
Payable

$280,000
1,015,000

1,000
1,000
1,000
1,000
1,000
1,000
1,000

Mississippi d Tennessee .—September

oent interest.
At a meeting of stockholders May 18, 1881,
Pacific for 99 years was ratified on terms
lessee operate the road and pay the obligatory

Outstanding

$1,000

1877
1879
1880
1880
1881

•

p.

Amount

Par
Value.

....

299

mort., guar

St. Louis & Lexington, 1st
St. L. Iron Mt. & So., 1st mori., coupon
2d mor., gold, coup., may be
do
do
Ark. Branch, 1st mort., gold,

•

734
708
283
283

2d mortgage.

Consol. M., gold, for $30,000,000 (coup,
Carondelet. Branch, 1st mortgage
Missouri River RR., 1st mort.

•

70
70
734

2d mortgage

1st mortgage, gold
2d mortgage (sinking fund
Real estate (depot) bonds
Debt to St. Louis County (no
3d mortgage

-

1,276

1st mortgage
& Gt. North’ll, 1st raort., gold
2d mort. income, not cumulative
do

Size, or

1,276

East Line &
do

Date

of
of
Road. Bonds

tables.

Red River
Hannibal & Central Missouri,

discovered In these Tables.
Bonds—Prinot

INTEREST OR DIVIDENDS.

s

first page of

XXXIX

favor by giving immediate notice of any error

DESCRIPTION.
on

AKD BONDS.

STOCKS

RAILROAD

18S2.]

$

$
6,265,597
$

Receipts—
Net earnings

2,131,902

$
1,945,956

2,300,555

2,190,371

Disbursements—
Interest on bonds....

1,740,207

1,814,000

$

Other interest
Diso’t on con. m.

bds.

Misoellaneous

167,027

2,222,194
40,438

2,083,899

390,199
667,800

32,825

84,660

379,257

163,823

341,334

128,388

120,331
699,129
Balance, deficit..
GENERAL BALANCE AT CLOSE OP EACH
Assets—

Road and equipnPt..
Real

estat«\T...

Lands

-

$
$
44,960,735 45,237,716
753,582
656,977
3,742,908
3,648,008

FISCAL TEAS.

71,037

S
$
45,694,908 47,321,485
598,313
111,675
3,556,473 3,407,968

xl

RAILROAD
Subscribers will confer

a

STOCKS

AND

BONDS.

first page of tables.

see notes

Missouri Pacific—( Coni in ui’d)—
Sfc.L.I.Alt.Ac S..Cairo Ark. A T., 1st, gold, ep.or reg
do
Cairo A Fulton, 1st, gold, on road As land I
do
1st pref. income bonds,reg.(cumulative)!

do
2d pref. income bonds,rcg.(cumulative)
do
General consol, irort. (for $32,036,000)!
Mobile d Alabama Grand Trunk—Stock
1st mortgage bonds ($20,000 p. m.), coupon
Mobile d Girard—2d mort., end. by Cent. Ga. RR..
3d mortg. bonds
Mobile d Monti/.—Stock
•.
Mobile d Ohio—Stock
New mortgage, principle payable in gold
1st pref. inc. and s. f. debentures, not cumulative
2d
do
do
do
do
do
3d.
do
4th
do
do
do
Cairo extension (Ky. A TVnn. RR.)

Montpelier it Wells Hirer—Stock
Morgan's La d: Texas—1st mort..gold(N.O.to M.City)
1st mortgage, extension, gold
Morris d Essex—Stock
1st mortgage, sinking fund

2d mortgage
Convertible bonds
Gen. m. A 1st on Boonton Br. Ac. (guar. D.L.itW.)
Consol, mort. (for $25,000,000) guar. D. L. A W..
Special real estate mortgage
Nashua & Loir ell—Stock
Bonds for freight

2d mort

Date
of
Road. Bonds

•-

71
304
....

080
50
50
85

$0,800,000),

180

1877.

Bills A aco’ts reeciv’le
Materials, fuel. Ac...
Cash on hand

two branches

1878.

320,501

241,383

198,311

208.458

1,110,081
5,000

432,303
1,230,415
004,827

51,028,147

52,335,184

$

$
21,409,101
25,909,000
2,438,105
539,029
1,979,839

Income account

Miscellaneous items.
Total assets
Liabilities —
Stock
Funded debt
Certfs. A unfund. eon
Bills payable, Arc
Interest accrued, Ac.

on

21,471,151
25,909,000
2,140,125
430,415
777,450

$1,450,000
7,782,000
(?)
(0

1,000

10,000,000

....

100

....

22
40

1,124,000

100
100

3,022,517

,

....

1,000

1,000

1871

1875

1,000

.

100
.

•

•

25

1871
1857
1873
1881
1877

50(iTo30
242,313
330,89:
1,577.753
050,077

....

•

10,000

187-90

5,000,000

50
250
500 Ac.
1,000
1,000

....

1379.

1,800,000
15,000,000

5,000,000
3,000,000
284,000

4,991,000
5,050,000
1,025,000
800,000
200,000

6,070,325
500,000

Rate per

When

Cent.

Payable

7
7
7
0
r>

J.

A D.

0

1,038,117

Total liabilities...
51.028.147 52.335.184 53,219,959 54.322,150
*
This includes $585,108 of Arkansas land trust notes.
—(V. 32. p. 183, 303, 409, 488, 520, 553, 509, (513, 059; V. 33, p, 21.
75,
100, 125, 155, 170, 275, 301, 380, 442, 50.’,
500, G87; V. 31, p. 20, 205,

Stocks—Last
Dividend.

J.

A

A.
J.
J.
M
F.
J.
A.
J.

A
A
A
A
A
A
A

J. New York A London.
J. N. Y.. Nat. City Bank.
D.
do
do
A. N. Y., Drexel, M. A Co.

Yearly.
Yearly.
Yearly

Yearly.

J.

o

7
0 g.

312
7
rr

7
7
7
7
4
(5

l1?

o

30,008,(557 30,078.810
108,210
18,202
489,019
1,727,205

pal,When Due.

April 1, 1931

0 g.
7
7
7
7

398,000

$
$
21,458,901 21,459,821

g.

212

1,000,000

* 071.472

•

A
A
A
A

5,891,000

493,408
305,822
244,184
1,700,142

Whom.

Roads—Princi¬

A D. N.Y., Mercantile Tr. Co.
June 1, 1897
A J.!
do
do
Jan. i 1391
March.
do
do
Pd. May, 1880
March.
do
do
Pd. Oct. 12,’80
A. A O.!
do
do

J.
J.
J.
F.

1.000 ,
1,000 1

1880.

Where Payable, and by

J.
J.

g.
g.

7 g.
8
4

1,000 1

400,000

I

....

4
0
7
(5

1.000

53,219,959 54,322,15G

Mobile d Ala. Grand Trunk.—Dec. 31, 1880. owned from
to Bigbee Bridge, 59 miles. The stock was

800,000

1,000

54

292,310,317,344,345.)

900,000
600,000

....

....

1804
1800
Var’us

1,095,111

600,000

....

1880

403
340
151
310
321
88

5,320,(500
7,000,000
5,300,000
1,850,000

....

1878

34
137

300,000
800,000

1,000

...

110
150
137

450,000

1,000
1,000
1,000

1879
1879
1879
1879
1879'
1880

....

....

1.000

....

1873

coup

Bonds of N. C. A St. L., 1 st. mort.

1,000

-

....

Outstanding

$1,000

....

....

Amount

Value.

1874
1809
1877

500
472

INTEREST OR DIVIDENDS.

or

Par

1870
1879
1879
1S81

....

84
84

Size,

1872

depot (gold)

Nashville Chattanooga d St. Louis—Stock
Bonds to U. 8. Government, 2d mort
Bonds endorsed by Tenn
1st mort. (for

Miles
of

1

explanation of column headings, Ac.,
on

XXXIV.]

great favor by giving immediate notice of any error discovered in tliese
Tables.

DESCRIPTION.
For

Vol.

O.
J.
J.
N.
A.
J.
0.
A D.

Mobile and New York.
New York City.
do
do
do
do
do
do
N, Y., 11 Pine Street.
Boston.
New York.
do
N. Y.. Del., Lack A W.
-

do

do

do

do

do

no

do
do

*

do
do

July 1, 1910
Jan., 1889

June, 1897
Feb.. 2, 1880
Dec.

1, 1927

July 1. 1892
(!)
April 1, 1918

July 1, 1920
Jan. 3, 1882

Mayl, 1914
Aug. 1. 1891
Jan. 1.

1900

Oct., 1901
June 1,1915

M. A N.
Boston A Nashua.
IF. A A. Bost.,Parker ASt’ekpole.
! A. A 0. New York
A Nashville.
i

;J.
;J.
J.
J.
• J.

Nov. 1. 1881
Aug. 1. 1893
April 20, 1882
A I).
Washington.
June, 1891
A J. N. Y., Metrop. Nat. Bk.
1881 to 1886
A J.
do
do
July 1, 1913
A .1
do
do
July 1, 1901
A J.
do
do
Jan. 1, 1917

debtedness, are assigned and transferred to the Farmers Loan & Trust
Company, as trustees, for the further security of tlio bonds and deben¬
tures herein referred to. The capital stock authorized
by the charter is
$10,000,000, or 100,000 shares of $100 each, of which there have been

issued 53,200 shares. *The debentures are secured by a deed of trust oi
the
land.about 1,143,222 acres, and receive7 percent, if earned.
The Cairo Extension bonds may he redeemed before
maturity any
Januaryjl or July 1 at 110, six week’s notice being given.
In August, 1881, 7 per cent was declared on 1st
preferred incomes,
payable 3*3 .Sept. 1, 1881, and 3% February 1,1882 ; also 2 per cent on
2d incomes, payable Fob. 1, 1882.
The last annual report was published in the Chronicle of
September

10, 1881, V. 33, p. 281. Operations for five years ending June 30 f
rasseuger
Freight (ton)
Gross
*Net
Years.
Milos.
Mileage.
Earnings.' Earnings.
Mileage.
IS 70-7..
529
9,004,770
01,388,247 $2,072,034 $103,226
1877-8..
529
8,715,315
70,706,581
2,098,540
376,321
1878-9..
500
0,9(58,900
58,339,703
1,830,020
379,468
1879-80.
500
10.408,035
80,400,705
2.284,015
824,966
1880-81
11,312,055
80,950,914
2,377,817
815,330
*
After deducting all expenses, including
extraordinary.
-(V. 33, p. 17G, 281, 329, 358 ; Y. 34, p. 115.)
Montpelier d Wells River.—Dec. 31,1880, owned from Montpelier to
Wells River, Vt., 38 miles. Reorganized
January, 1877. D. R. Sortwell,
President. East Cambridge, Mass. Gross earnings in
1879, $84,520 r
net, $19,558; in 1880, gross, $86,479; net, $20,029.
......

Mobile, Ala.,
$450,000; 1st mortgage bonds,
$1,124,000. City Mobile bonds donated $750,000. The
company has
been in default, and will be sold in foreclosure unless
reorganized "with¬
out sale. The plan proposed for the issue of new
sto«k and bonds was
given at length in the Chronicle, V. 32, p. 036, but the modified
plan
proposes to give $120 in new mortgage bonds, $300
in incomes, and
'gan s Louisiana d Texas
$480 in stock for each $1,000 of old bonds, on payment of $120 cash owned from New Orleai.s to liaxiroaa d steamship
Morgan City, 80 miles, and branches 30
byholdms
Old stockholders to receive 50 per cent in new stock. T.
miles; total, 110 miles; extension, Morgan City to Alexandria, La 150
G. Bush, President. (V. 32, p. 036.)
miles; total. 260 miles.
This
company’s application to tho New
Mobile d Girard.—May 31, 1881, owned from
Columbus, Ga., to Trov, York Stock Exchange, July, 1881, stated that: “The company’s
Ala,, 84 miles. Common stock, $987,404; preferred
property consists of sixteen iron steamships, five of which ply
stock,
$5,080 Pike County stock. Second mortgage bonds are$279,900, and between New York and New Orleans, nine between Morgan City,
endorsed by
Central RR. of Ga. Gross earnings in 1878-9 were
$195,907 and net La., and the various Texas and Mexican ports, and two between New
earnings, $00,335. In 1879-80 gross earnings
$228,039; net, $78,704. Orleans, Florida and Havana ports; also four large ferry boats, tugs;
In 1880-81, gross. $275,846;
net, $80,073. (V. 33, p. 73.)
dredge boats, wharves,warehouses*and terminal facilities, besides nearly
the entire capital stock of the Gulf Western & Pacific
Mobile d- Montgomery.—Dec. 31,1880, owned from
Railroad, Texas
Montgomery, Ala., Transportation Railway Co., Buffalo
to Mobile* Ala., 179 miles. Default was made on the
Bayou Ship Channel Co., and a
bonds in 1873 and
the road was sold in foreclosure Nov. 10',
1874, and purchased bv bond¬ majority interest in the capital stock of the Houston A Texas Central
holders, who organized this company on a stock basis, in
Ac.
Railway
Nov.\ 1879, and has Co., miles It operates 216 miles of completed road in Louisiana;
44
under contract.
The capital stock is $5,000,000.
$1,550,000 of the stock owned in this country was purchased
by parties Chas. A. Whitney, President, New
in the into rest of the Louisville & Nashville
Orleans, La. (V. 33, p. 100.)c
Railroad at 80, giving the
control to that company. The old
Morris d Essex— Dec. 31,1880, owned from Hoboken, N. J., to Phillipsmortgage debt, yet out is $275,000.
Gross earnings in 1879, $704,580; net,
burg, N. J., 84 miles; branch, Denville, N. J., via Mor. A Es. Tunnel, to
$228,713. (V. 34, p. 205.)
Mobile d Ohio.—June 30, 1881, owued from
Hoboken, N. J., 34 miles; total operated, 118 miles. In 1868 this road
Mobile, Ala., to
Ky., 472 miles, .and extension (by Ky. A Tenn. RR.) to Cairo, Columbus,: was leased in perpetuity to the Del. Lack. A W. RR. The lessees assume
22 miles
all liabilities of the Mor. A Essex RR. and
branches—Artesia, Miss., to Columbus, Mies., 14 miles; Artesia,
pay 7 per cent per annum on
Miss., the capital stock, and
to Starkville, Miss., 11 miles;
they als agreed to pay 8 per cent in case the
Muldon, Miss., to Aberdeen, Miss., 9 miles; Morris A
Essex earns 10 per cent on its stock in
total operated, 528 miles. The Co. funded
any one year alter the
coupons from their bonds in
Feb., 1867, and resumed payment of interest
May, 1870. In 1872 the 2d year 1874. Earnings for five years past were as follows:
Gross
mortgage bonds were issued to pay floating debt. A default was made
Net
Div’d
Years.
Miles.
May 1, 1874, and two trustees and receivers took possession
p. ct.
Earnings.
Earnings.
May 8, 1870
1875. The stock and bonds of the
121
7
$3,452,319
$1,184,723
company were placed on the N. Y. 1877
Stock Exchange list in
121
7
3,308,441
1,222,507
July, 1879, and from the statement then sub¬
1878
mitted the following revised description was taken.
121
7
2,710,117
782,328
The new liens issued
1879
and to be issued are as follows: First.—New
121
7
3,515,097
1,559,354
mortgage to the Farmers’ 1830
& Trust Co., of New
Loan
121
7
1.440,193
3,823,052
York, as trustees, upon the main line, excluding
The loss to lessee in 1879 was $900,701; in
branches, to secure bonds in the aggregate
1880, $1,012,416. (V. 32,
amounting do $7,000,000, p. 183, 577.)
dated June 1, 1879, due,
in gold coin of the United States, Dee. I,
1927, interest at 0 per cent per annum in lawful
Nashua d Lowell.—March 31, 1880, owned from Lowell, Mass., to
by coupons, payable June 1 and Dec. 1 each year, inmoney, represented Nashua, N. H., 15 miles;
the cities of New
leased—Stony Brook RR. 13 miles; Wilton RR.,
York and Mobile. The whole amount of
these bonds will he issued at 10, miles; Peterborough RR., 10 miles; total operated,
54_ miles.
once.
Second— Deed of trust to the Farmers’ Loan
A Trust Co., as trus¬ The road was operated with the Boston A Lowell till Oct. 1, 1878. On
tees, to secure four series of preferred income and
October 1,1880, a lease for 100 years to the Boston A Lowell was
sinking fund deben¬
tures, which will be issued only to the extent required to meet the out¬ made. There are also $100,000 5
per cent bonds due July 1,1900, and
standing liabilities of the Mob. & O. RR. Co., after
deducting the amount the company holds $300,000 cash assets against the debt. Operations
of such liabilities provided for in and
and earnings for three years past were as follows;
by the new mortgage of $7,000,000.
These debentures arc secured
by a deed of trust to the Farmers’Loan
Dnn
Passenger Freight (ton) Gross
Net
A Trust Company,
Years.
Miles.
covering specifically the lands
Mileage.
Earnings.
Mileage.
Earn’gs. P.e.
1,150,000 acres of land donated by the United States) (including over
54
10,832,900
and other prop¬
7,520,444
481,358
140,30(5
erty not necessary for the operation of the road.
54
0,010,125
Interest at the
7,733,300
377,000
108,793 0‘
rate of 7 per cent per
54
annum, or in multiples of 1 per cent, but
6.224,991
9,281,579
100,152 GHt
391,923
not exceeding 7 per cent in
any one year on these debentures, -(V 32, p. 1G, 43, 3359
is payable
annually upon each series in the order of their
Nashville- Chattanooga d St. Louis.—June 30, 1881, owned from Chat¬
priority,
but only if earned in the
preceding fiscal year,
lative. Tin* holders of delvpiitures have one vote for and is non-cuinu- tanooga, Tenn., to Hickman, Ky., 321 miles; branches—Wartrace, Tenn.,.
each $100, and each
to Shelbyville, Tenn., 8 miles; Bridgeport,
Ala., to Victoria, Tenn., IJ
year they instructed the Farmers’ L. A T. Co.,
trustees, how to vote at miles; proprietary lines—Nasliv. to
the stockholders’meetingsiiipou the
Lebanon, 30 miles; McMinnville to
majority of the stock of the Mobile A Manchester, 35 miles; McMinnville to
Ohio Railroad Company, the
Caney Fork, 13 miles; Deeherd
power to vote upon which is
irrevocably to Fayettev., 40 miles; Centreville Branch, 20 .miles; Duck River
with the Farmers’ Loan A T-i;utt
Company, until the extinguishment of (leased), 35 miles; total, 521 miles. The debt to the United States LK.
and
said debentures. The
foregoing !*>jids and debentures are issued in for¬ the bonds endorsed by Tennessee arc secured
by deposit in trust ot this
bearance, extension and compromise .of the present indebtedness of
the company’s first mort. bonds. For six months ending Dec. 31, 1881,
Mobile A Ohio Railroad, the entire
jwnwjnt or which (excepting less than gross receipts were
1 per cent of the first liens and a
$996,033, against $1,024,743 in 1880; net receipts,
very limited percentage of the inferior $393,778. against
$404,241; net surplus over interest, Ac., $124,83b,
liens), with the power and authority (tv rf.vail of the
decrees of the against $169,927.
Circuit Court of the United
Following is a statement of receipts, Ac., tor the
States, adjustiy* and establishing said im year ending June 30^ 1881:




,

U

....

April,

RAILROAD

1882.]

Subscribers will confer

a

description.
I?nr

exolanation of column
*
on

first page

headings, Ao.,

see notes

of tables.

Miles Date Size, or
of
of
Par
Road. Bonds. Value.

30

7h
122
122
122

Natchez Jackson <£ Columbus.— 1st mortgage

yemdaCenlral-lttlaM-t.,

<9

1870
1867

18
94
23
5
44

goid'fgink.' t-\$20,000)
....

Newbury Dutchess d Connecticut—Income* bonds...
Newburyd New York—1st mortgage
New Castle <t Beaver Valley—Stock
New Haven <6 Derby— 1st & 2d mortgages
New Haven <t Northamp. (canal RR.)—Stock
Mortgage bonds, coupon
Bonds convertible, tax free, coupon
HolvokeA W.,leased. 1st Mq$60,000 Gs, ’98 guar.)
Consol, sinking fund and mort. bonds
New Jersey d New York— 1st mort. (reorganization)
N J. Southern—1st mort. (int. guar, by N.Y.& L.B.)
Aug Branch A Sea Shore, 1st mort., guar
New London Northern—Stock
1st mortgage bonds
2d mortgage

12
15
13
127
92

Bonds, B. A N. F. stockliolders
do
Bonds railroad stock (X. Y. Central)

1879
1876
1871
1869

1378-9
1879-80

100

1880
1879
1869

100
100
100
121
147
141
113

600

1,000
100

1865
1872
1880
1880
1880

lOO&e.

1,000
1,000
1,000

1874
1853

1,811.780

$414,405

$511,514

follows:
Net

$1,632,277
1,871,809

Div’d

Earnings,
$682,302

p. ct.

3
2

767,995

the Nashville A Decatur Co.
1882, had built from Nateliez,

Miss., beyond Martin, Miss., 60 miles.
In progress to Jackson and
bonds sold in New York by Britton &
Burr. See report, V. 34,
which

p.

financial plan is proposed.

new

314, in

Where Payable, and by

Payable

Bonds—Princi¬
pal, When Due.

Stocks—Last
Dividend.

Whom.

Jan. 1, 1917
Feb. 1, 1907

Dec., 1881
July 1, 1900
Oct., 1887

....

A J.
M. A S.
A. A O.
,

.

.

Bridgeport, Conn.

Jan. 15,
Mar. 1,
Oct. 1,
Jan. 1,

Philadelphia, Co.’s
N.

office
Y., Hatch A Foote.

.

M. A S.
M. A N.

7 g.

N. Y. L. E. A W. RR.
N. Y., Union Trust Co.

1882
1882
1904
1896

Sept., 1901

Nov. 1.

1889

....

7

....

(D

Q.-J.
....

J.

6 g.

4,000,000
89,428,300
6,632,300

t

'6
6 g.
2
6
6
6

A

J.

do
do
do
do

A. A 0.
A. A 0.
A. A O.

M A N. Jersey City, Co.’s Office.
J.- A J N. Y., Cent.of
N.J.Office
J. A D.
New' York.

11*
6
7
5

N. Y., Office N.Y. L.E AW

Newcastle, Penn.
Various N. Haven, Mech. Bank.
New Haven.

7
3
7
6
6 A 7
6
6
6
7

5,000,000
3,000,000

74,500
592,000

When

J.

6 g.
8
7

300,000

500 Ac.
500 Ac.
1.000

1854
1853

Earnings.

Columbus.—Jan.,

xli

J, A J. N. Y.,
Metrop. Nat. Bk.
J. A J.
do
do
J. A D.
J. A J. N. Y.,
Brexel, M. A Co.
A. A O.. Nashville, Co.’s
Office.

3i*

337,500
812,000

£100 Ac

$100

6
8
3
7
6 g.
10
5

1,500,000

500 Ac.

1,736,723
3
715,135
«508
2,099,155
914,407
3J2
1830-n
528
2,256,180
878,009
_{V. 32. p. 39,231, 232, 313. 335. 437,553, 685.
686; V. 33, p. 101,
176, 201. 304, 329, 356, 412, 717; V. 34, p. 87,
196, 344, 460.)
Nashville d Decatur.—June 30, 1879, owned from
Nashville, Tenn., to
Decatur, Ala., 122 miles. The road was leased.
May 4, 1871, to the L.
AN. Rlt. for 30 years from
July 1, 1872, at a rental of 6 percent per
aunurn on the stock, to
begin after the completion of the So. A North Ala.
RR.. and the first dividend under this
1875. The lessee assumed all the debt of arrangement was paid April 1,
Natchez Jackson d

187-90.

Ac.

30
78

j

were, as

187-90

50

1,000
1,000
500 Ac.

Gross

1877-8

1,000

1870

■

2,000,000
1,300.000
1,000,000
200,000
250,000
800,000
1,164,500
250,000
700,000
525,000
2,460,000
1,300,000
100,000
260,000
1,200,000
275,000
1,449,600
200,000

500 Ac.

$2,256,186

Earnings for five years ending June 30

m

1,000

68A70 500

Interest and taxes

Miles.
311
454
454

^

178,000
176,200

100
50

m

1,000
1,000

Operating and extraordinary expenses
Surplus over operating expenses

'

1,900,000

500

3 869
1879

receipts

Years.

90,000
1,827,000

1,000

Rate per
Cent.

$300,000

17

“

Outstanding

1,000

;

Consol, mortgage (for .$1,500,090)
New Orleans Mobile d Texas—1st mort., gold
2d mortgage, debenture (non-cumulative), reg...
NY. d Canada— 1st M,, sterling, guar. D.& H. Can.
New York Central d Hudson River—Slock
1,000
Premium bonds
(N. Y. Central)....

1870-7

BONDS.

INTEREST OR DIVIDENDS.

Amount

$1,000

m

57

Sam la County—let mortgage
Newark <£ Hudson—1st mortgage
Newark Somerset d Straitsv., O.—1st mortgage

Gross

1877
1877

99

*

• - ♦ •

AND

great favor by giving immediate notice of
any error discovered in these Tables.

Nashville Chattanooga d St. L.—(Continued)—
Bonds of N.C.&St. L.,lst mort. oil Tonn.APac....
<l0 "
for Jasper Branch
do
Nashville d Decatur—Stock, guar’d 6 p. c. by L. & N.
1st mort. guar. s. f
-

Naugatuck—Stock. —

STOCKS

Q.-J.

A.
J.
J.
J.

A
A
A
A

New London, Office.
O. N. Y., B’k of N. America
D.
do
do
,T.
do
do
J. N. Y., Drcxel M. A
Co.
v

April.

M. A N.

Q.-J.

M. A N.
M. A N.
M. A N. i

N.Y.,Farmers’

April, 1882
1898 to 1900
Oct., 1873
Jan., 1899
April, 1882
Apr. 1’91 A’98
April, 1, 1909

1892

July,

1910

Jan.

L AT Co.

London, Baring Bros.
N.Y., Gr. Central Depot
do
do
do

do
do
do

1910

-

July 15,
Dec. 1,
April 1.
Sept.,
July.

1899
1899
1882

1885

1, 193;)

May

1930

Mav 1. 1901

\pril 15, 1882
.day 1,1883
May 1.1883
May 1,1883

New Huron d

Northampton.—Sept. 30, 1881, owned ron Xevv Haven,
Conn.,to Williamsburg, Mass 84
miles; exton. Northampton to Con¬
way Junction, 18 miles;
branches—Fai^nington, Conn.,to Njw Hartford,
Conn., 14 miles; South Deerfield to Turner’s
yoke & Westfield RR., 10 miles ; total, 135 Falls, 9 miles; leased, Hol¬
miles, and 23 miles of
A Greenfield road from
Conway J motion to North Adams is used; Troy'
163 miles. In April, 1881, a control
total,
of the road was sold to
N.Y. N.II. A
Hartford parties. See V.
32, p. 421. Operations and
earnings for three
years past as follows :
,

Years.

Miles.
309
144
144

1830-81

—(V. 32, p. 99, 421

;

Passenger
Mileage.

4,727,857

5.644,750
5,612,006
V. 34, p. 202.)

Freight (ton)

Mileage.

14,912,798
16,305.1*2

Gross

Net

Earnings. Earnings.
$588,280 $222,207

18,705,365

69 4,506

751,614

276,287

298,137

New

Jersey dXcw York.—November,
Junction), N. J., to Stony Point, N. Y., 1880, owned from Jersey Citv(Erio
30
City RR., 5 miles; total operated. 35 miles.miles; leased. Nanuet A New,
Organized Sept. 4, 1874, by
consolidation of tlie

Hackensack AN. Y. RR. and the
Hackensack &
N. \r. Extension
Railroad; Receiver appointed in 1877. The
Hackensack
A New York Railroad was sold
in foreclosure
August 14, 1878, and was
leased in perpetuity to this
company, and

now

forms

part of main line.
Reorganized in 1880, with above debt. Gross
inl880, $182,012; net,
$15,529. (V. 32, p. 611.)
New Jersey Southern.—Dee.
31, 1880, owned from Red Bank, N.
J., to
Atsion, N. J.,54 miles; branches—Eatontown to
Long Branch, 5 miles;
Atsion to Atco, 9 miles; Manchester
to Barnegat, 22
miles; other roads:
Sandy Hook to Long Branch, 11 miles; Beach
Bayside, 46 miles; total operated, 150 miles.Track, 2 miles; Atsion to
Tlie property was sold
in foreclosure March
31, 1879 (see Chronicle, V. 28,
p. 352), aud the
present company was organized
July 25, 1879, with Judge Lathrep,
receiver of the Central of New'

Naugatuck.—Sept. 30, 1831, owned from Naugatuck Junction to
Winstcd, Conn., 56*2 miles; leased, Watertown A
miles; total operated, 66 miles,5 miles of N. Y. N. II.Waterbary RR., 4*2
A Ilartf. being used
between Naugatuck Junction and
Bridgeport. Has no bonded or floating
debt. Operations and
earnings for five years past were as follows:
Passenger Freight (ton)
Gross
Net
Div.
Years.
Miles.
Mileage.
Mileage.
Earnings.
Earn’gs. p.c.
1876-7..
66
5,899,088
4,308,194 $520,820 $207,759
10
1877-8
Jersey, as president. The capital stock
66
6,214,917
is $
5,742,605
The property is
477,834
10
206,301
1878 9
subject to $120,000 on the Tom’s
66
6,322,281
River Railroad and
7,366,813
499.188
222.275
10
$200,000 on the Long Branch A Sea Shore
1879-80
66
RR.
7,297,580
This latter bond is endorsed
8,489,903
592,151
10
242,063
by the United Companies of New
1880-81
06
Tlie above mortgage is for
Jersey.
614,410
10
201,390
$1,590,600, of w'liicli $1,449,600 have interest
-(V. 33, p. 621.)
guaranteed
the New York A
Nesmiehoning Valley.—Dec. 31,1880, owned from Nesquelioning Junc¬ of the bonds.byThe road is now Long Branch Railroad by endorsement
operated as a part of the Central New
tion, Pa., to Tumcnend, Pa.. 17
miles; Tunnel Branch, Hauto, Pa., to Jersey system. (V. 32, p. 121.)
Lansford, Pa., 1 mile; total operated, 18 miles.
New London
Opened in 1870, and
was leased for 999
Northern—September 30, 1881. owned from New
years to the Lehigh Coal & Nav. Co. at a
lease rental London, Conn., to Brattleboro.
of $130,000per
annum, but witli an option for the lessees to
Vt., 121 miles, of w'liicli 100 miles
terminate it leased to J. G. Smith
after
....

....

.

..

....

....

m

^

^

_

-

1878.

Iu 1879 the lease

was

modified

so

as

to

pay 7 per cent a
only, and the option to terminate was
suspended till Sept. 1, 1884.
Nevada Central.—Dee.
31,1881, owned from Battle Mountain to Ledlie, Nev., 86 miles; branch,
Ledlie, Nev., to Austin, Nev., 7 miles; total,
93 miles. Stock,
$1,000,000. Gross earnings, 1881,
ing expenses, $127,605.
$147,558; operat¬
“ •
year

.

and others.
This road has been
operated
under lease to tlie Central
Vermont Rail¬
road; tlie lease wras for 20 years at
$155,000 per year. Consolidated
mort. bonds issued to retire all
other funded and
floating debt and to
pay for branch recently purchased from
Vermont & Mass. RR.
tions and
Operasince December

1, 1871,

L* four years
earnings for TO
past wsere as follow's:
Nevada County—Dec.
Passenger
31,1880, owned from Colfax to Nevada
Freight (ton)
Gross
Net
Miles.
Col., 23 miles, narrow gauge. In 1880
City, Years.
Mileage.
Mileage.
Earnings. Earnings.
100
net, $41,168. Stock, $242,200. J. C. gross earnings were $115,655;
4,765,084
11,610,469 $470,455 $129,609
Coleman, Pres., Grass Valley, Col.
100
3,927,511
Newark d Hudson— Dec.
12,637,957
470,102
159,484
31, 1881, owned from Bergen Junction to
100
3 8,975,296
6,144,189
Newark, N. J., 6 miles. Leased to New York
591,346
179,030
1880- 81.. 100
Lake Erie & Western at a
6,415,-412
rental of $33,000
19,318,243
611,043
per annum, which pays
197,73 7
interest on bonds and 7 per
New Orleans Mobile d Texas—
cent on the stock of
Dec. 31, 1880, owned from
$250,000. Cortlanut Parker, Pres’t,
Mobile
Newark, N. J. New Orleans, with branch to Ponteliartrain, 147 miles. The
Newark Som. d
old
Straitsv.—Sept. 30,1880, owned from Newark, O., to defaulted in 1874, aud the property W'as sold in
company
Shawnee, O., 44 miles. Road was completed in 1871.
foreclosure April 24,
Leased to Sandusky 1880, and this company organized. Stock is $4,000,000.
Mansi. & Newark for 14
The road was
leased
years from Jau. 1, 1872.
Operated by the
1830,
Louisville A Nashville, which
li^0’ "^ic-h Pays 30 per cent on gross earnings, and advancesBalt. L. A N.May 8,its ownto$6,000,000 bonds secured on operates it. The
sold
additional amount
any which a
this
necessary to meet the interest on the debt.
mortgage of same amount is held iu trust for tlie road, against
stak
Capital
common, $783,900, and preferred,
L. A N. The
$189,550. Gross earnings in second mortgage debentures can be paid off before
1877-8, $135,295; net, $50,749 ; deficit to
maturity. (See full
statement in Chronicle, V. 31,
lessee, $5,251.
p. 328.)
Dutchess d Conn.—Sept.
New York d Canada.—Dec.
30,1880, owned from Dutchess June.,
31, 1830, owned from Whitehall, N.
a
k
Y., to
i^i^ert°n, N. Y., 59 miles. The Dutchess & Col. RR. was sold Rouse’s Point, N. Y., 113 miles; branches:
■Ang. 5.1876, and this
Ticonderoga, N. Y., to Lake
company was organized Jan. 8,1877, by the
& bondholders. In 1877-8
pur=

.

..

gross

earnings

were

$135,823;

net,

1878~9’
$164,488; net, $18,546; in 1879-80, gross,
net> $29,040. The common stock is
stock $71o,350.
$172,000 and preferred
John S. Schultze,
President, Moor’s Mills, N. Y.
1, 1880, owned from Vail’s Gate Junction
waenwood Junction,
to
N. Y., 13 miles. Leased October
5, 1866, to Erie
Per annum, and
operated now by N. Y\ LakeE. & West.
Nominal stock, $500,000.

fl$*w*niry&N'.Y.—Oct.

tn"-Sr™ bustled Beaver Val.—Dec. 31,1881, owned from
Homewood, Pa.,
piVk.k *
^, Pa., 15 miles.
Road in operation since 1860.
Leased to
t™* * Chic. RR. for 99 years at a rental of 40
per cent on gross

was

completed Sept. 18, 1876. The road is
virtually ow ned by the
ware A Hudson Canal
Company, wThich guarantees the bonds. The Dela¬
stock
is $4,000,000.
Earnings in 1878-9 were $127,502 ; in
1879-80, $294,984.
-(V. 32, p. 98.)
New York Central d Hudson.-

-Sept. 30,1881,

owned from N. Y.

City to

*

Tn i
m

P. c.

a8e transferred to Pennsylvania
Company.
no debt,
dividends were paid; in 1880, 13 There is
Gross earnings in
p. c.; in 1881, 24
1881, $331,527; rental received,
13 per cent

Derby.—Sept. 30,1881,

•to

Is

ean?in2L

i

i

,

swf uft,dial's ’?122’^6:'net’ ^'776;



$132,611.

owned from New
18 miles. Road opened Aug. 9, 1871. Haven, Conn.,
stock
Haven City guarantees the $225,000 Capital mortsecond
earuings in 1878-9. $106,478; net,

$52,535;

in iSSO-Sl,

gross,

gross

$147,-

HarJem, 127; Lake Makopac, 7; total, 245
miles; grand total, 993 miles.
miles; third track, 270 miles; fourth
track, 236 miles; turnouts, 511
miles—making a total of 2,520 miles of
traok owned by the
company. This company was formed
The second track owmed is
508

dation of the New York Central and
by a consoli¬
the Hudson River railroads
October
1,1869. The New York Central wras a
consolidation of several roads,
under a special law of
April 2,1853. The

road

Albany A Scheftectady Rail¬

opened September 12,1831, as the Mohawk A
Hudson. It was the
first railroad built in the State of
New York. The famous
dend of 80 percent on the
scrip divi¬
capital stock was made iu
UeQetftU^

3,862*

Tables.

immediate notice of any error discovered in these
INTEREST OR DIVIDENDS.

great favor by giving

Subscribers will confer a

Vol. XXXIV.

BONDS.

STOCKS AND

KAILROAD

xlii

Bonds—Princi¬
pal,When Due

,

DESCRIPTION.
For

explanation of column
on

first page

Miles
of

headings, &c., see notes

Par

Value.

Road. Bonds

of tables.

Riv.—(Continued)—
Bonds real estate (New York Central)
Renewal bonds
2d mortgage, sinking fund (Hudson River)
New mortgage J ^iooaooo } couPon or re£*
N. Y. Chicago dk St. L.-^-Stock ($22,000,000 is pref.)

New York

Size, or

Date
of

Central dk Hudson

1854

^

840
840

{

1st mortgage
N. Y. City <t
2d mortgage,

1,000

1873

521

1,000

62

Northern—General mort
for $2,000,000
dk Greenwood Lake—1st mortgage

40

New York
2d mort., income
New York dk Harlem—Common stock
Preferred stock
Consol, mort., coup, or reg., (for
N. Y. Lackawanna dk Western.—Stock
1st mortgage, coupon, may be
N. Y. Lake Erie dk West— Stock, common
Preferred stock

132

$12,000,666)

($10,000,000)
registered

r

bonds

coupon

.

1,000
1,000

1881

500 &c.
100 &c.

($1,500,000)
N. Y. dk N. England—Stock ($20,000,000 autli’rized)
1st mortgage, new ($6,000,000 are 7s)

263
263

road (Nov. 1,1869) a
distributed on the N. Y. Central
stock. The mortgage for
$40,000,000 was issued to lay the third and fourth tracks, with a
sufficient balance retained by the company to retire all prior bonds. In
November, 1879, 250,000 shares ($25,000,000) were sold to a syndicate
of bankers by Mr. W. H. Vanderbilt at the price of 120, and 100,000

and on the consolidation with the Hudson River
further dividend of 27 per cent was
stock and 85 per cent on the Hudson River

afterwards.

134

I34%-129

April
May

-

June

-

August
Sept’her

-

October

-

Nov'ber
Dec’ber

-

Sep. 30. Mileage.

Freight (ton)

Mileage.

1876.353,136,145 1,674,447,055
1877.316,847,325

140%-136%
13938x13014

-

ACCOUNTS—1876 TO 1881—SIX YEARS.

REVENUE

Year

ending Passenger

1881.

14034-141%
14514-141%
145%-141%
142%-135%

-

152 5Q-145
15158-x145

-128%

Feb

March...

July

15114-140
148%-x42%
147 -140%

135%-128%

Jan

Prices of stock have been:
1882.

1881.
155 -147%

1882.

Gross

Net Income, Diviover exp., dends,

Receipts. int.&rents, p. c.
$28,046,588 $7,213,075 8

1,619,948,085 26,579,085
28,910,555

1878.300,302,140 2,042,755,132
1879.290,953,253 2,295,825,387

Surplus.
$73,547

197,312
6,943,347 8def. 898,917
»,038,445 8

28,396,583 7,594,485 8
454,957
1880.330,802,223 2,525,139,145 33,175,913 10,569,219 8 3,427,706
754,484
1881.373,768,980 2,646,814,098 32.348,395 7,892.827 8
—(V. 32, p. 15, 437 ; V. 33. p. 425, 528, 709, 728,
;
1, 3, 116, 167.)
New York Chicago dk St. Louis—This is the company formed in
building the new line of road from Buffalo to Chicago,
the above stock $22,000,000 is preferred 7 per cent. The “
tions” to the bonds of the company were on the basis of $13,333
for which were given $10,000 in 1st mortgage bonds, 200 shares of

731, 742 V. 34, p.
1881,
521 miles. Of
subscrip¬

32, 177, 205,

i5,1882

Co.’s Office

May 1, 1897
Sept. 1, 1919
Mar. 1, 1883
Oct. 1, 1920

do

do

June 1. 1888

July 1, 1891
Jan., 1893
Sept. 1, 1920
Sept. 1, 1920
Dec. 1, 1908’.
Dec. 1, 1969
Dec. 1, 1969
June 1, 1977

....

•

•

•

•

..........

....

....

6 & 7

J.

N. Y

& J.

.

Jan., 1905

Kidder, P. & Co.

expenses,

Chatham,
the Bost. & Alb.
railroad on the
leased
& Hudson River RR.,
at
yearly rental from the lessee of 8 per cent dividends on the stock and
the interest on the bonds. The Fourth avenue horse railroad, together
with valuable real estate, was retained by this company, and extra
dividends are paid out of the receipts therefrom annually in April. All
operations of the main road are included with those of the N. Y. Central
& Hudson.
New York Lack, dk West.—This is the road from Binghamton to Buffalo
about 200 miles, built under the auspices of Del. Lack. &West. and the
Wab. St. Louis & Pac., The mortgage for $12,000,000 is made to the
Farmers’ L. & T. Co., trustees. (V. 32, p. 578, 637; V. 33, p. 47.335, 560.)
a

April

52%50%49%48%51 %50%-

-

July
August
September

-

October
November
December

-

:*branches—Piermont, 18 miles; New-

miles;

Junction,

miles;

operated, 1,020 mile#.

85

47%
4334

48%- 44%
46%- 3934

-

1882.

*

45%
44%
47
4434
47%- 41%
44%- 41%
46 %- 42
45%- 41%

May
June

,

.

1881.

-

,

Preferred.

79

[ 80%- 73
i 77-V 67 J
-

-

......

t

-

1881.'
95 - 88

.

82%
84
84
88
86
80%
81%
82
84%
88%
89

92%90%89 92 %91%88%883491 88%
96%94%-

published in the Chronicle, V. 34, p. 143,
four years past were as follows:
Operations—
1877-78.
1878-79.
1879-80. 1380 81.
Passenger mileage... 140,326,749 149,115,718 180,460,204 200,483,790
Rate p. pass. p. mile.
2*189 cts.
2*091 cts. 2*041 cts. 2*016 cts.

The last annual report was
The operations and earnings for

1569222417 1721112095

Freight (tons) mil’ge.1224764438
av. rate p. ton p.mile
0*973 cts.

$

Earnings—
Passenger

3,070,121
Freight
11,914.480
660,377
Mail, expr’s,rents,&c.
Total gross

1984394855
0*805 cts

3.118,944 3,682,951
12,^233,481 14,391,115
589,598
619,042

4,041,267
15,992,275
682,063

7,049,183

7,459.375

0*730 cts.
$

0*836 cts.
$

$

nm

18,693,108 20.715,605
earn’gs 15,644,978 15,942,023 11,643,925 13,256,230
11,174,697

Operating expenses
Net earnings
P. c. op. exp. to

10,635,863

5,009,115
earn’s
67*98
PROFIT

Debits—

Pavonia ferries—expenses
Interest on funded debt
;
Long Dock Co. bonds.—inter’t
Weehawken Docks—interest .

Guaranteed interest
Rentals of leased lines
Sue. Br. & E. June. RR.—rent
;
Paterson & Newark RR., rent
Other expenses
.

Surplus income

ANT)

LOSS.

6400

62*29

1879-80.

1880-81.

$7,049,183

$7,459,375

783,957

S44,306

$5,180,636

Total credits....

—(V. 32, p. 101, 183. 396,
329, 433, 588, 601, 622; V.

4,767,324
70*09

1878-79.
$4,767,323
413,313

Credits—
Net earnings
Other receipts

Paterson,

miles; Buffalo, 60 miles; Erie International RR., 5
Rutherford to Ridgewood, 11 miles; leased—Montclair & Erie Railroad,
10 miles; Goshen & Deckertown. 12 miles; Newburg <fc New York,
13 miles; Pat. Newb. & New York, 11 miles; Hawley & Honesdale,
24 miles.; Jefferson RR., 37 miles; Buffalo Brad. & Pittsburg. 26
miles; Buff. N. Y. & Erie, 140 miles; Suspension Bridge & Erie
23 miles; Rochester & Genessee Valley, 18 miles; Avon Gen. & Mount
Morris, 17miles; Paterson & Hudson, 15 miles; Paterson* Ram., 15
miles; Lockport & Buffalo, 13 miles ; Buffalo & Southwestern, 68
controlled—Newark <fc Hudson, 6 miles: Weehawken New York & Fort
Lee, 5 miles; Northern of N. J., 2d wile#; total

*

Common.

43%- 38%
40 %- 35
38%- 34

March

—(V. 32, p. 611.)
N. F. dk Harlem.—Sept. 30, 1880, owned from N. Y. City to
N. Y., 127 miles. From Chatham to Albany, 24 miles,
RR. is used. This company owns 5% miles of street
Fourth Avenue. The property (except the horse railroad) was
April 1, 1873, for 401 years, to the N. Y. Central




1,’1921

J.

....

February

mort¬
bonds of $900,000
172,
Erie & Western
purposed extending the road and making it an important part of their
In 1880 the’gross receipts were $133,452;
$155,071.

burg, 18

Agency.

do
do
do
& D.
do
do
J. & J.
do
do
J. & D.
g. M. & S. New York and London.
do
do
M. & S.
g.
do
•
do
g. M. & N.
do
do
g- J. & D.
do
do
g. J. & D.
do
do
J. & D.

g.

....

January

outstanding Nov. 1,

30, 1881, owned from

Jan.

Jan.

New York

1882.

the

New York Lake Erie dk Western.—Sept.
N. J., to Dunkirk, N. Y., 430 miles

7
5
7
7
7
7
7
6
6
5-6
6

,

Lake Erie tfc Western purchased a controlling interest
and now operate it. The holders of
second
gage bonds have a right to pay off the first mortgage
at 105, and thus gain control of the property.
(See Vol. 27, p.
228.)
It has been reported that the New York Lake
line.

April 1, 1882'
April 1, 1882
May, 1900

...

& J.

M. & N. New York,
do
M. & S.
do
M. & S.
do
A. & O.

been as follows:

265, 28S, 500; V. 34, p.378.j
New York dk Greenwood Lake.—Dae,. 31, 1830. owned from Jersey City,
N. J., to Greenwood Lake, 40 lpiles; extension, New York Lake Erie
& Western, 1% miles; total operated, 41% miles. Branch to Orange,
N. J., opened in 1881. This was the Montclair Railroad, opened in
1874, It was sold and reorganized as Montclair & Greenwood Lake,
and again sold October 12, 1878, and the present company organized.
The New York
in the property

1911

A. New York, Co.’s Office.
do
do
S.
J. N.Y., Gr. Central Depot.
do
do
J.
do
do
N.

were

1881, owned from 157th Street
with Metropolitan Elevated), to
Danbury, Conn., 62 miles.
This company was organized March 1,
1878, .and acquired the N. Y. Westchester & Putnam (formerly the
N. Y. & Boston Railroad), sold in foreclosure March, 1876. The com¬
pany in May, 1880, leased the West Side & Yonkers road for 999 years,
and the consolidated mortgage was issued to take up all the other bonds,
mortgage were

I, ’i921
May 1, 1910-

Dec.

of line from Marion,.
V. 32, p. 613.
the hands of a Receiver
organized as its succes¬
bonds in 1875, and was sold
mortgage in 1878. The
present company was organized and took possession June 1, 1878.
Under the plan of reorganization the above statement represents
By the
all the stocks and bonds issued to September 30, 1881.
terms of the plan one-lialf of the stock, both common and preferred, is
issued to “ Voting Trustees” in London, who shall vote on them until
the dividend on the preferred stock (6 per cent) has been paid for three
consecutive years.
The funded coupon bonds are secured by
lien of consolidated mortgage. The second funded coupon bonds arc
5 per cents till June, 1883, and after that 6. On the second mortgage anti
second funded coupon no foreclosure can take place till six successive
coupons are in default, but all of one coupon must be paid before any
part of a subsequent coupon is paid. The most prominent feature of
the reorganization was the provision for outlay of new capital on the
property, and the cash from assessments on stock has amounted to$2,907,814, and in 1882 the reorganization first lieu bonds dated 1878
issued to procure money for laying double track west of Hornells
ville to complete the double track throughout. These bonds rank next
to the first consolidated mortgage and its funded coupons. Preferred
stock has a prior right to 6 per cent fnon-cumulative) from the net
profits, ” as declared by the board of directors.” Prices of stock have

461.)

p, 101,

1, 1903

In 1881 an arrangement was made for completion
O., to Chicago, forming a through route. See
The New York & Erie Railwaj' went into
in 1859, and in 1861 the Erie Railway was
sor.
The Erie Railway defaulted on its
in foreclosure under the second consolidated

New York City <£ Northern.— Dec. 31,
in 8th Avenue, N. Y. City (connecting

of which $274,000 under a prior
1881. Stock is $3,000,000. (V. 32,

June, 1885
1,1903

Jan.
Jan.

....

7
5 g.

9,000.000

cash,
preferred aud 200 shares of common stock, making $50,000 of the par
value of the securities. (V. 32, p. 421, 553; V. 33, p. 176, 255, 469, 716;
V. 34, p.

J.

6

(?)
8.562,000

1.000

Dec. 15, 1887

....

2,000,000

....

.

6 g.

508,008

,

....

1876

7

&
&
&
&
&

F.
M.
J.
J.
M.

....

24,400,000
8,597,400

300 &c.

1882

(C.line)
(C.line)

2,500,000

1,000
500 &c.
500 &c.

23

2
2

182,600

500 Ac.

May 1,1883:

N.

....

7
7

3,000,000
16.656,000
3,702.157

1,000
1,000

1878
1878

Mortgage bonds

6

2,926,000
709,500

1878

consol

6

7,632,200
2,482,000
2,150,000
4,852,000

1,000
1,000
1,000
1,000

1847
1879
1853
1857
1858
1861
1863
1870
1878

do
do
D. N.Y.,Gr. Central Depot.
do
do
D.
do
do
J.
London.
& J.

&
&
&
&

J. & D. N. Y.,Metrop’tanN. Bk.
M. & N. N. Y., Company’s Office.

6

(0
12,000,000
76,943,100

1878

N. Y. L. E. & W., new mort., gold, 2d
do
do
do
do fuud.ooup.
income bonds (non-cumulative).
do
New York dkLonq Branch—Stock

shares more

8,500,000
1,500,000
11,100,000

Stocks—Last
Dividend.

Whom.

....

CO

100
100

459

gold

900,000
1,800,000

&e.
100 &c.

100

1897)
(extended in 1879)
at 5 per cent)

Reorganization 1st lien bonds,

100’

1872

200

6
7
7
6 g-

Payable, and by

Where

When

Payable
M.
J.
J.
J.
J.

6

3,685,000

50
50

1st mortgage (extended in 1867 to
2d mortgage, convertible
3d mortgage
4tb mort., conv. (extended in 1880
5th mortgage, convertible
Buffalo Branch Bonds

Long Dock Co. mortgage

500 &c.

132

.

1st consolidated mortgage, gold
do
do
funded

1,000

1881
1880
1881
1875

per
Cent.

1,422,900
22,465,000
9,733,333
50,000,000
15,000,000

100

(for $15,000,000)

Tfate

$162,000
2,391,000

$1,000
1,000

1873

Amount

Outstanding

$7,833,140

$8,303,681

$314,757
2,047,712

$216,318
3,963,872

$249,643
4,148,745

210,000
64,453

64.453

210,000

210,000
64,453
86,914

133,000
658,445
40,914
15,589
403,784

131,928
662,952
25,704
11,327
755,955

$3,888,664

$6,042,519

$6,416,203

$1,291,971

$1,790,620

$1 ,837,417

689,802
17,901

4,297
944,490
t

553, 613, 685; V. 33, p. 58, 74, 101,
34, p. 1, 143, 147, 231, 409, 43d.)

New York
N. J., to Lon^

mu.u
+n nse
with Pennsylvania Railroau w
the line jointly, and the two companies guarantee interest on w*®
.
bonds. Anthony Reckless, President, N. Y. City.
(V. 33, p. 642,
New Jerk 4 New EngUmd.Sevt. 30,1881, mileage owned waa as

Jersey, forming jjo.il <ji iuc uuug
December, 1881, arrangement made

w

RAILROAD

1883. J

APKHi,

STOCKS

AND

BONDS’

xliii

Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.

Miles

explanation of column headings, Ac., see notes

For

on

first page

York New Haven d

Ktw

Harlem &
do

Hew York

118877--990.0

of tables.

Hartford—Stock.

........

Portchester. 1st mortgage guaranteed.
do
2d mort., coup, or reg

Ontario d Western—Preferred stock

v^YorkPenn. dOhio—Pnov iien bonds, goid,$&i

mort., gold, incomes till July, 1895, $&£...
2d mortgage, incomes,$ & £
3d mortgage, incomes, $ & £. -....
Leased lines rental gold bonds (Cl. & M.)
^
do
do
(P. P., P. V. and S. & A.)
K y Pittsburg d Chic.—1st M., gold ($18,000 p. m.)
ff f. Prov. d Boston—(Stonington)—Stock
First mortgage
lrt

imortgage

-

Norfolk A Petersburg—2d mort
South Side—1st pref. consol, mort
do
2d
do
guar. Petersb’rg
*■
do
3d
do

Virginia & Tennessee—Enlarged mortgage.
4th mortgage
stock, 6 per ct. pref

do
do

do

do

141
12
12
344
344

427
460
460

460
a

•

•

•

....

....

62
50
12

-

Susqueh.d Western—New mort. ($5,500,000)..
First mortgage. Midland of New Jersey
Mortgage bonds on Paterson Extension
vY Texas d Mexican— 1st mort., gold land grant..
JiiY.W.Shore d Buff'.— IstM., gold (for$50,000,0U0)
H Y Woodharen d Rockaway.—1st mortgage
Niagara Bridge d Canandaigua-Stock
Norfolk d Western— Common stock
Preferred (6 per cent) stock
Gsneral mort., gold
N Y.

.

Date

8ize,

of
of
Road. Bonds.

....

72
....

....

....

16

98

....

188(T
1880
1880
1880
1872
1873
1881
....

1869
1881
1881
1880
....

1882

....

....

....

428

1881

1,000

81

1868

133

1866
1866

1,000
1,000

200 Ac.
200 Ac.

1,000
1,000

....

....

....

’67-’68

the Hudson River

was

completed Nov., 1881.

This was the Boston Hartford A Erie Railroad, which became insolvent
and was succeededby this company, formed in 1873. The Boston Hart¬
ford A Erie’s principal debt was the Berdell mortgage for $20,000,000,
which fixes the stock of this present company ($20,000,000). In 1878-9
the company acquired the Hartford Providence A Fishkill Railroad
by
the payment of its bonds; The new mortgage issued in 1879 was to
pay
the extension of the road to the Hudson River. On Sept.
for
30, 1881,
there was $1,980,541 of floating debt. Operations, Ac., for three
years
past were as follows:
Passenger
Freight (ton)
Gross
Net
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings.
285
36,158 591
36,654,669 $1,971,536 $524,354
316
41,762,072
43,678,700
2,324,940
771,985
478
45,702,022
64,562,865
850.876
2,692,374

—(V. 32, p. 121. 335. 367, 420, 444; V. 33, p. 125, 329, 588, 622, 640;
V.34,p. 205, 461.)

N. r. N. Haven d Hartf.—Sept. 30, 1881, owned from Harlem
Junction,
N. Y., to Springfield, Mass., 123 miles;
branches to New Britain, Middletown andSuftield, 18 miles; leased—Harlem APortchester
RR., 12 miles;
Shore Line RR., 50 miles; total
operated, 203 miles. This was a consoli¬

dation July 24, 1872, of the N. Y. & New Haven and the Hartf. A N.
H.
railroads. The company uses the N. Y. & Har. RR. from
Williamsbridge
into N. Y. City and pays a
large toll therefor. The company leases the
Har. Riv. A Port. RR. and
guarantee the bonds. In April, 1881, a
controlling interest was bought in the New Haven & Northampton RR.
stock, by parties in the interest of this company. Operations, Ac.,
for
three years were as follows:
Passenger Freight (ton)
Gross
Net
Div.
Years.
Miles.
Mileage.
Mileage.
Earnings.

103,113,443

63.187,479

$3,912,743

Earnings,

p. c.

$1,670,862

10
10

N.

10
Os¬

Y.,48 miles; to New Berlin, 22 miles; to Delhi, 17 miles;Courtland,
to Ellen-

ville, 8 miles; total operated, 344 miles.

This was the New York &
Main line was
Default
™1873. and the property placedopened July, 1871. Receiverswas made
in the hands of
Sept. 18,
1873. The Western Division was sold in
foreclosure May 31, 1876, and
the main line was sold in
foreclosure November 14, 1879. The present
company was organized January 22, 1880, and under the plan of reor¬
ganization the holders of receiver’s certificates took
preferred stock, the
first mortgage bondholders took common
stock for principal and inter¬
est, and the holders of other old
bonds, notes, judgments and claims
were permitted to take
new stock at par on payment of 20
per cent
assessment in cash within 30 days from
January 22,1880. And stock
was issued on
payment of 30 per cent cash within six months from
Jan. 22,1880, to the
holders of old stock and convertible non-mort. b’ds.
rrom these
assessments about $9,000,000 was received, and in Feb¬
ruary, 1881, a contract was made with the North River Construction Co.
$10,000,000) for completing a road to Buffalo. In Sept., 1881,
furtherThe
agreements were made with the New York West Shore A Buffalo
road.
annual report for 1880-81 was
published in the Chronicle,
v. 34,
p. 174, to which reference should be made.
Preferred stock to

Oswego Midland.

receive 6 per cent

common.

Gross

(noil-cumulative)

from net

Gross earnings in 1879-80

in

were

1880-81, $925,044; net, $217,543.
Passenger Freight (ton)
-ic-Pk
Miles.
Mileage.
Mileage.
344
Y

.

5,290,076

earnings; surplus goes to
$583,212; net, $17,508.

Gross

Earnings.

Net
Earnings.
$35,713

12,504,218
$523,592
13,974,253
583,212
17,508
W - • 344
19,511,452
925,044
217,543
-(V. 32, r. 70,
101,183, 206; V. 33, p. 358, 716; V. 34, p. 87, 174.)
Yew York
Pennsylvania d O— Dec. 31,1881, owned from Salamanca,
oo ™:!
Dayton, O., 388 miles; branches—Meadville, Pa., to Oil City,
Jddction (main line) to Silver Creek, O., 2
miles; total owned,
es. Leased
lines—1Cleve. & Mahon. RR., Cleveland, O., to Pa. Line,
31 miles; Niles A New Lisbon
RR., Niles to New Lisbon, 36
Tina*
ol)ei4Y 6c Vienna RR„ Vienna Junction to Vienna, 8 miles; Ohio
Sharon, Pa., 2 mile; Sharon R’y, and extension, 14 miles; total
otw
miles* Changed to standard
gauge June, 1880. Formerly
Frio Alc ~ Great Western Railway.
Sold July 1, 1871, and leased to
of
ni11
y 4* 4$74, but lease not carried out. Again in hands
1874. Sold Jan. 6, 1880, and reorganized by a
LfmHnnCeiver
naon
committee of stock and bond holders,
(See V. 30, p. 143.) Five
-

344

q

•




6,346,667
7,251,209

g.

g.
g.

2 Ac.
6 g.
2

7
4
6
6 &
6
G
5
G
3

J. A J.
A. A O.
J. A D.

tsona-b-—princi¬

Where Payable, and by
Whom.

N.Y., Grand Cen. Depot.
do
do

do
do

pal,When Due.
Stocks—Last
Dividend.
Jan.

2, 1882

1903
June

1,1911

5

g.
g.
g.

M.
J.
M.
M.
J.
J.
J.

A S. London and New York. March
1,1895
A J.
do
do
July 1, 1905
AN.
do
do
May 1, 1910
A N.
do
do
Nov., 1915
A J.
London, Co.’s Office.
Jan., 1902
A J.
do
do
Jan., 1903
A J.
New York Agency.
July 1, 1921
N. Y., M. Morgan’s Sons. Feb.
Q.—F.
10, 1882
J. A J.
do
do
July 1, 1899
A. A O.
do
do
April 1, 1901
J. A J. N. Y., Nat. Park Bank.
1911
A. A O.
do
do
April 1, 1910
A.
J.
J.
A.

'

i
G g.
8
8
6
6

496,000
703,000
581,300

452,800
990,000
1,000,000

6

8

3,000,000
1,000,000
210,000

500

1 mile; total owned, 333 miles. Leased—Franklin to Valley Falls, 14
miles; Vernon to Rockville, 4 miles; Springfield to E. Hartford, &c., 34
miles; Norwich & Worcester RR., 66 miles; total leased, 119 miles; also
has running arrangements over 26 miles more. Total operated, 478 miles.

152
125.300,345 78,372,806
4,252,814
1,653,565
153
152,730,696 116,611,607
4,946,607
1,953,044
-(V. 32, p. 421, 578 ; V. 33, p. 224, 561,718 ; V.
34, p. 58.)
New York Ontario d Western.—September
30,1881, owned from
wego, N. Y., to Middletown, N. Y., 249 miles; branches to

Payable

3

3

8

A O.
A J.
A J.
A O.

New York A London.
New York.
N. Y’., Fisk A Hatch.

Q.—Mch
M.
J.
J.
J.
J.
I.
J.

55,600

100
100

....

Woonsocket, R. I., 34 miles; E. Thompson, Conn., to Southbridge,

152

1,000,000
3,000,000
15,000,000
6,500,000

g.

4, 5, 6

600,000

....

Mass., 17 miles; Islington and Elmwood to Dedham, Mass., 3 miles;
Charles R. to Ridge Hill, Mass., 2 miles; Dorrance Street, in Providence,

on

6
7
5
5

CO

....

223

4

3,000,000

1,000
1,000

....

223
223

The extension from Brewrsters to Fishkill

187-90.

500

1881

1866
1854
1865

5

6&7

....

,

miles; Providence to Willimantic, 58 miles; branches—Brookline, Mass.,

to

Outstanding

When

....

....

133
133
214
214

Rate per
Cent.

....

....

Hopewell Junction, 215miles; Wicopee to Newburg, 3

Lows: Boston to

INTEREST OR DIVIDENDS.
Amoimt

$100 $15,500,000
1,000
2,000,000
1,000
1,000,000
2,000,000
58,113,982
500 Ac.
8,000,000
500 Ac.
35,930,000
500 Ac.
13,680,000
500 Ac.
29,000,000
1,000
5,355,000
1.000
3,568,000
500 Ac.
(?)
100
3,000,000
1,000
1,000,000
1,000
300,000
1,000
500,000
500 Ac.
3,000,000
250,000

....

....

North Carolina—Stock, common.;
Preferred stock
Mortgage bonds

Par
Value.

1873
1881

1882

or

A
A
A
A
A
A
A

1911
Oct.

1, 1912

July, 1931
Jan. 1, 1902
April 1, 1882
Mch.

15, 1882

N. N. Y. and Philadelphia.
May 1, 1931
J. Norfolk, Va.,Ex.Nat. Bk.
July 1, 1893
J.
N. Y.,Nat. Park Bk.
Jan. 1, ’84-’90
J.
Jau. 1. ’84-’90
Petersburg, Va.
J.
do
do
Jan.l,’96-1900
J. N. Y., Fourth Nat. Bk.
July 1, 1884
J.
do
do
Mch. 1, 1900

M. & 8.
M. A 8.
M. A N.

Company Shops, N. C.
do
do

Mch. 1,
Mch. 1.

1882
1882
Nov., 1888

do
do

trustees are to exercise the voting power of the new stock until
the third
mortgage bondholders receive 7 per cent interest in cash
during three
years.
Three of these trustees are to be chosen
in value of the first mortgage bondholders, oneannually by a majority
by the second mort¬
gage bondholders, and the fifth by the leased line bondholders. See
V. 31, p. 607. The new bonds of the
reorganized company, subse¬
quent to the prior lien bomjs, are issued upon the
following basis:
(1.) The first mortgage bonds to bear 5 per cent interest till
January
1, 1881, and 7 per cent thereafter, whatever portion of this that
may not be earned to be payable in deferred warrants, to be
capi¬
talized in bonds of the same class; payment of interest to
become abso¬
lute not later than July 1, 1895, and until June
1, 1S95, the right to
foreclose the mortgage is suspended.
(2.) Second mortgage bonds to
receive 5 per cent per annum, after prior
mortgages, if earned. (3.)
Third mortgage bouds receive 5
per cent interest, if earned, after prior
bonds. On the second and third bonds there is no
right to sue the com¬
pany or to foreclose. The stock is—pref. shares,
$10,000,000; com.

shares, $35,000,000.

The leased lines’ bonds are not a lien of this
company; those of 1872 are to receive 4 per cent for the first three
years; 5 per cent thereafter for six years, and 6 per cent thereafter
until maturity. The leased lines’ bonds of 1873 are to
receive the net
profits up to 7 p. c. (but not less than 2 p. c. during the first two years)
arising from the working of the lines whose securit ies are held by trustees.
On Jan. 1, 1882, tne coupon on 1st
mortgage bond was passed. The
annual report in V. 34, p. 313, save the
following*?
INCOME ACCOUNT.
1880.
1881.

$
5.265,357

Disbursements—
Rentals paid
Interest paid on first mortgage bouds.
Interest paid on prior lien bonds
Rental of equipment
Advanced under car trust

$
5,494,112

1,718,275

1,650,348
$
404,524

$
356,277
431,250
400,000
283,614

General, taxes, &c

480,000
298,382
237,864
170,710
51,955

60.879

Special fund for improvements, Ac

96,345

1,628,365
1.613,435
Balance, surplus
89,910
6,913
-(V. 32, p. 333 ; V. 33, p. 226, 502, 588; V. 34, p. 87, 265, 292, 313.)
New York nttsburg d Chicago— This is the
prelected line from Red
Bank, Pa., to Huntington, Iud., and to Chicago, forming a western con¬
nection for the Central of New Jersey. The company is building from
Wtknpum, Pa., to Marion, O., 165 miles, and the whole route from New
York City to Marion, O., is expected to be in
operation by Jan. 1, 1883.
Henry Day, N. Y., is trustee of the mortgage, and Gen. J. 8. Negley,
Pittsburg, is President.
N. F. Prov. d Boston.—Sept. 30, 1881, owned from Providence. II.
I., to
Groton,Conn., 63 miles; Warwick RR., 10 miles; operates alsoPawtuxet
and Pontiac branch roads, 10 miles; total
oper >ted, 83 miles. Owns a
majority interest in the Prov. 6c Ston. Stearaslnj Line, which has a capi¬
tal of $1,400,000. For the fiscal year
ending Sept. 1, 1880, annual
report is given iu V. 31, p. 51. Operations and earnings for three years
past were
Years.

'

as

follows:

Miles.
63
63

71*2

Passenger
Mileage.

Freight (ton)

17,858,442

10,405,601
11,467,971
11,290,326

19,377,410

Mileage.

Gross

Earnimrs.
$710,038
689.008

*Net

Dir

Income.

p. c.
10
8
8
8

$398,116
318,656
349,096

22,167,232
779,885
22,862,036
13,098,143
957,717
355,245
Including div. from Stonington Steamboat Co., and other receipts.
-(V. 32, p. 368 ; V. 33, p. 559, 715.)
New York Susquehanna d Western.—
Jersey City to Unionville, N. Y.,
72 miles;
Ogdensburg to Scranton, Pa. (building), 125 miles. This was
a consolidation in Sept.,
1881, of the Midland or N. J.,the Paterson Ex¬
tension, the North Jersey, the Pennsylvania Midland and the Midland
Connecting railroads. The lines when completed were to be continuous
from Bergen (Jersey City) to Scranton, Pa., but in
Dec., 1881, negotia¬
tions were made with Del. Lack. A Western,
by which connection with
the latter will be made at Gravel Place, Pa., between
Stroudsburg and
Spragueville. The Blairstown road is leased. (See full statement, V.
34, p. 205.) Stock authorized, common, $20,000,000; preferred, $10.000,000; issued, $3,060,600 common, $2,645,500 preferred. Dividends
on preferred are cumulative.
(V. 33. p. 265, 282, 716, 718; V. 34, p.
62, 205.)
New York Texas d Mexican.- Line in
progress from Rosenburg Junc¬
tion, Texas, to Brownsville, 350 miles. Mortgage $22,850 per mile,
covering 5,120 acres of land, or half the grant, which is 10,240 acres per
mile. About 95 miles finished by May, 1882.
Neiv York West Shore d Buffalo.— This is the consolidation in
July,
1881, of the N. Y. West Shore & Buf., the Jersey CHy & Albany and the
North River railroads. It is building (by the North River Construction
Company) a line parallel to the New York Central to Buffalo, and con¬
necting with the road of the New York Ontario A Western at Middletown, N. Y. The New Yoric terminus is through the new tunnel a4
Weehawkeo. (V. 33, p. 24, 226, 358, 328; Y 34, p. 52.)
..

..

*

73

•

STOCKS

EAILEOAD

xliv

Subscribers will confer a great favor by
DESCRIPTION.

For explanation of column headings,
on

first page

of tables.

Ac., see notes

1875-690

50
500 Ac.
500 Ac.

102
102
102
102
112
47
322
138
138
138
138
138
138
1.38

for 2d inort.

D

138

I860
1869
1877
1878

.

.

50
50
500
500

,

1856
1865
1868
1868
*74-’77
1876
1876

21
21
720

cum’tivc).

205
209

Mortgage and land grant bonds, Missouri Div
Mortgage and land gr. bonds, Pend d’ Oreille Div.

850

Consol. M. Id. g., gold, $25,000 p. m., coup, or reg.
North western Oh io—Stock
Norwich d Worcester—Stock

236.000

1,000

1,023,000

6,500,000
‘

1,500,000

500 &c.
500 Ac.

1,490,000

....

1,126,000
2.599,000
205,000
4,526,000
2,932,000
1,000,000

1,000
1,000
1,000
1,000

1,000

1,525.000

Too
1878
.1869

1879
1879
1880

100
100 Ac.
100 Ac.
100
100
100 Ac.

1,000

3,068,400
1,000,000
200,000
200,000

Cgdcnsbnrg d Lake Champlain—Stock
Sinking fund bonds..

....

2,604,400

1,000

400,000

3,077,000

1870

100
1.000

Norfolk & Western—Sept. 30,1881, owned from Norfolk, Va.. to Peters¬
burg, Va., 81 miles; Petersburg, Va., to Lynchburg, Va., 123 miles;
Lynchburg, Va., to Bristol, 204 miles; brandies—Petersburg to City
Point, Va., 10 miles; Junction to Saltville, Va., 10 miles; total oper¬
ated, 428 miles. This was a consolidation. November 12, 1870, of
Norfolk A Petersburg, South Side and Virginia A Tennessee; in all,
with branches, 428 miles.
In all those routes the State of Virginia
held the controlling interest, and sold out to the companj' for $4,000,000
in second mortgage bonds. Default on consolidated bonds was made
October 1, 1873, and the road was sold in foreclosure Feb. 10, 1881, to
Mr. Clarence H. Clark, of Philadelphia, for $8,605,000, on behalf of

capitalists interested in the Shenandoah Valley road. (See V. 32, p. 182).
the Norfolk A Western.
The com¬
common

stock, and

$10,778,000 new mortgage bonds, to be used according to the plan
published in tlie Chronicle, V. 32, p. 334,421. The statement of earn¬
ings, expenses, Ac., to Dee. 31, 3 881, was in V. 34, p. 61. Operations
and earnings for six years past, ending June 30, were:
Gross

M.
M.
f.
A.
J.

Net

Miles.
Mileage.
Mileage.
Earnings. Earnings.'
428
10,010,924
60,010,283 $1,742,251
$540,539
600,633
428
9,531,442
67,531,874
1,791,579
428
1,781,710
486,889
9,470,228
70,797,576
612,043
1,673,131
428
8,079,780
73,062,480
1,936,641
428
9,244,350
98,595,455
943,413
32,680
1,375,550
8.340,553
08,274,182
(8 mos) 428
—(V. 32. p. 182, 334. 395, 421, 501. 527, 569, 578; V. 33, p. 74, 357,
433, 5 59, 587, 687 ; V. 34, p. 61, 292, 409.)

Years.

No. Carolina.—May 31,1881, owned from Goldsboro to Charlotte, N. C.,
223 miles. The property was leased Sept. 11, 1871, to the Rich. A Danv.
Railroad for 30 years at a rental of $260,000 per year. Dividends of 6
per cent are paid on the stock, of which the State of North Carolina holds

$(3,000,000, and the dividends thus received by the State are applied to
her bonds issued to the North Carolina Railroad. ' (V. 33, p. 99.)
North Pacific Coast.—Doe. 31, 1880, owned from Saucelito to Moscow
Mills, Cal., 74 miles; branch to San Rafael, 2 miles; leased, San Rafael
to San Quentin. 4 miles : total operated, 80 miles. Stock, $1,074,900.
Earnings in 1880, $275,203: net, $75,011.
No. Pennsylvania.—Nov. 30, 1880. owned from Phila., Pa., to Bethle¬
hem, Pa., 56 miles; branches—Jenkint’n to Dela. River, 20 miles; Lansdale to Doylestown, 10 miles; Iron Hill to Shimersville, 2 miles; total,
operated, 88 miles. The Northeast Penn, and the Stony Creek roads are
operated under contract. The company has been doing a fair business,
but paying very moderate dividends, and in May, 1879, was leased for
990 years to the Philadelphia A Reading Railroad on the terms as stated
in V. 28, p. 625, viz., that the lessees should pay iu quarterly payments
(February 1, May 1, August 1 and November 1) $673,344 for each of the
the first and second years; in the third and fourth years each $718,615.
and after that $763,S87 per year. This is intended to cover .all fixed
charges of the lessors, and pay 6 per cent on their stock for two years,
7 per cent for two years and 8 per cent afterwards.
(V. 32, p. 184.)
C.)-Sept. 30, 1881, ow*»ed from Charleston, S. C., to
Florence, S. C., 102 miles. This company has earned the interest on its
bonds and preferred stock with a good surplus. In 1878-9 gross earn¬
ings wrere $346,267 ; net earnings, $135,364; in 1879-80, gross, $404,894; net, $185,659; in 1880-81, gross, $484,760; net, $153,803. (See
last annual report, V. 31, p. 651.) The preferred stock is exchangeable
for second mortgage bonds.
Northeastern (>*?.

371,000

A

S.

Feb. 25, 1882
Jan. 1. 1885
May 1, 1896
1903

May, 1882

Charleston, Office.
do
do
Central Pacific RR.
do '
do
Baltimore A Philadel.

Q.-J.

3
6
6
6

A
A

Annapolis.

6 g.
6 g.
6 g.

5
5
7
3

S.
J.
A O.
A J.
A J
A O.
A J.
A 0.
A J.
A J
A J

J.
A.
J.
A.
J.
J.
J.

Baltimore.
Baltimore A Philadel.

Baltimore.

A D.

do

London A Baltimore.
Baltimore.
do
Boston, Office.
New

Sept. 1, 1899
Sept. 1. 1899
Jan. 1, 1907
April 1, 1908
Jan. 16, 1882

Irredeemable.
July, 1885
April. 1900

July 1, 1900

....

J.

July 1, 1900
July 1, 1904
Jan. 1, 1926
Jail. 1. 1926
1903
Dec. 1. 1881

York, Office.
B’k.

(?)

r. a J. J. City, Hudson Co.
do
do
M. A S.

6

7
....

20,000,000

Dividend.

M. A N

6
6

49,00o,000
2,484,000
3,915,000

do

Stocks— Last

....

.

4
8
8

...»

1877

X. Y. Wood haven <£ Rockaway —June 30, 1881, owned from Hunter’s
Point, L. J., to Rockaway Beach, 12 miles; branch to Far Rockaway, 4
miles; total operated, 16 miles. Bj' contract with Long Island RR. is
to control all travel to the Beach by rail. The stock is $1,000,000, and
6 per cent, income bonds. $1,000,000.
(V. 34, p. 265.)
Niagara Bridge d: Canandaigua— Oet. 1, 1881, owned from Canan¬
daigua to Suspension Bridge, N. Y., 98 miles. The road is leased in
perpetuity to the New York Central A Hudson at $60,000 per annum.
Has no debt, but prior to foreclosure mortgages were $2,170,000.

stock, $3,000,000

.

do
do

do
do
do

Bonds—Princi¬
pal,^When Due.

....

42,312,588

100
66
118

J. A J.
M. A N
J. A J.

6
7
7
6
.

Philadelphia Office.

Q.-F.

134

July, 1888
March, 1889

....

....

M. A N.
M. A S.
J. & J.

6
6
6 g.

2,000,000

79

New bonds, coupon...-

Freight (ton)

820,000

3,148,000

82^

Common stock

Passenger

86.000

61

,

p. c., nut

.

50

21

The reorganized company is now
pany issued $15,000,000 preferred

1.930,500
1,500,000
2,569,500
1,200,000
899,350

.....

do
“ IJ.” coupon
Northern Central (31 ieh.)—1st mortgage...
Northern. X. 7/.—Stock

NorthernPacific—Pref. stock(S

$1,074,900
4,527,150

$....

1881

,

Northern of Xew Jersey—Stock
1st mortgage, extended
2d mortgage.

[V0L. XXXIV

giving immediate notice of any error discovered in tiiese Tables.

79
53
56
56

Sail Pablo A Tulare-1st mol t
Northern Central—Stock
1st mortgage, State (Maryland) loan
2d mortgage, coupon, sinking fund
3d mortgage, coupon
Consolidated mortgage, gold, coupon
Consolidated mortgage, gold, registered
C onsol. general inert.”, gold, s. f., coup., $ or
2d general inort., “A,” coupon

BONDS.

INTEREST OR DIVIDENDS.
Date
Miles
Size, or
Amount
Rate per When Where Payable, and by
Par
of
of
Outstanding
Whom.
Cent.
Road. Bonds Value.
Payable

Xiorth Pacific Coast—Stock
North Pennsylvania—Stock, guar
1st mortgage
2a mortgage
General mortgage bonds
Bonds secured by $1,200,000 stock
Northeastern (S. (J.)—Stock, common
Pref. stock (8 per cent) exchangeable
1st mortgage, new
2d mortgage, ne w
Northern (Cal.)—1st mortgage

AND

New York Office.
do
do
do
do

May 1, 1919
Sept. 1, 1919
Jail. 1,

1921

....

T.
M.
I.
M.

5
6
2
8

A

A
A
A

J. Boston, 2d National Bk. Jan. 10, 1882
S. Boston, N. E. Trust Co. March 1, 1897
J.
Boston, Office.
July 10, 1876
do
S.
Mar., 1890

iu Baltimore, $600,000.
The consolidated- mortgage (gold) of
1874 was for $10,000,000 to retire all i>rior bonds : the bonds are issued
as series *‘A” and “B” $ or £, series r*C” dollar and the “milli«n
dollar” loan. Under the 2d general mortgage of 1876 $1,000,000 more
may be issued as Series C.
Income account for four years as follows:
1880.
1879.
1881.
1878.
RR.

Total gross earn’gs..
Net Receipts—
Net earnings
Interest
Other receipts

3,723,456

$
4,107,949

$
5,050,387

$
5,443,700

1,118,959

1,246,00S

1,795,119

1.656,254

180,343

148,339
200.961

Total net income...
Disbursements—
Rentals l’s’d lines,Ac*
Interest on debt
Dividends
Miscellaneous
Balt. A Potomac int.

1,510,481

1,595,308

Tot. disbursements

1,485,585

$

211,179

132,512 \
163,797 5

271,668

2,091,428

$

$

1,927,922

$

484,357
894,930

457,742
895,140

452,097
898,060

476,212
935,882

(2) 146,048

(6) 350,517

113,834

10,146

196,494

37,177

1,806,533

1,809,934

106,298

63.2C0

1,416,142

*

$

Balance, surplus...
1 79,166
284,895
117,948
24,896
*
Includes rent of roads and interest on equipment.
-(V. 32, p. 121, 230, 232, 287, 578; V. 34, p. 115, 228, 231.)
Northern Central (Michigan).—Jonesvllle, Mich., to Lansing, Mich., 61
miles. Owned by the Lake Shore A Michigan Southern Railway Com¬
pany.

S. V. Irvin, President, Albion, Mich.

Stock, $610,000.

Northern, N. IT— From Concord, N. II., to West Lebanon, N. IL,
miles; branch, Franklin, N. II., to Bristol, N. II., 13 miles; total,
miles.

This road has done a

70
83

steady, but slightly decreasing, business

The last annual report was published in the
Chronicle, V. 32, p. 611. The net earnings for the fiscal year ending
March 31, 1881, were $102,223; in 1879-80, $112,438, and in 1878-9
$107,372. Prior to that date, earnings were considerably larger. ((V.
during the past four years.

2, p. 610.)
Northern of New Jersey.—From Bergen, N. J., to Sparkill. N. Y., 21
miles. The company operates an extension to Nyack, called the Nyack
A Northern Railroad. This road was opened Oct. 1, 1859. By contract
of April, 1S69, it is operated by New York Lake Erie & Western at 35
per cent
minable

of its gross earnings. It is understood the contract is ter¬
by either party on notice.
Gross earnings in 1830 were

(V. 32, p. 611.)
Northern Pacific—June 30, 1881, operated from Duluth, Minn., to Bis_
mark, Dak. Ter., 450 miles; branch, Cassclton to Blanchard, 32 miles*
Pacific Division, Tacoma to Kahuna, 105 miles, and Tacoma to Wilkeson
31 miles—136 miles; total, 618 miles and 311 miles more just finished
Owns one-half St. Paul & Duluth RR., 24 miles, and uses 75 miles of St
Paul Minn. & Man., St. Paul to Sauk Rapids, and leases Western RR.
$246,771

754,

Sauk Rapids to Brainerd, 61 miles; total operated for business,
miles. The gap between Mo. Div. and Pend d’Orielle Div. is 820 miles.
This company was chartered by act of Congress July 2,1864, to
from Lake Superior to Puget Sound, 1,800 miles, with branch to Port¬

build

The land grant was 20 sections per mile

land, Oregon, 200 milcR.

in

States and 40 sections in Territories. The company defaulted January,
1874, and the road was foreclosed August 12, 1878, and reorganized by
the bondholders’ committee Sept. 29, 1875. To the bondholders new
preferred stock was issued at the rate of $1,400 for each $1,000
Pref. stock is entitled to 8 per cent, not cumulative; tlieu common to

bond.

3; then both share.

<

Of the above pref. stock $2,851,455 was owned by
June 30, 1881. This preferred stock is taken in payment

the company
for the com¬

pany’s lands cast jf the Missouri River at par (3,473,471 acres), but has
no lien whatever on the road; the
Missouri Div. bonds and Pend
d’Oreille Division bonds are receivable for lands on those sections. In
1880-81 the sales of land east of the Missouri River wrero 588,080 acres,
for $1,805,368, an average of $2 59 per acre.
A syndicate in November, 1880, subscribed for $10,000,000 new con¬
Northern California.- Dec; 31, 1880, owned from W. Oakland to Sui- solidated mortgage bonds, with privilege of taking $10,000,000 more
sun, Cal., 47 miles; extension, Woodland to Willows, 65 miles; leased yearly for next three years, to finish the road, and they took and sold
San Pablo A Tulare Railroad—Martinez to Tracy City, 47 miles; total
$20,000,000 of the bonds in Jan., 1881. The mortgage is for $25,000
operated, 159 miles. Completed in 1878 and leased in part to the per mile of road, Central Trust Co. of N. Y., trustee. The bonds are
Central Pacific since Jan. 1, 1876, at a rental of $1,500 per- month for received in payment for lands at 110 and interest, and proceeds or land
sold must be applied to purchase of these bonds at 110 and interest.
Northern and $300 per month for S. P. A T. The Northern stock is
$4,710,500, and San P. & T. stock, $1,861,000. W. V. Huntington, Sinking fund of one per cent per annum begins in 1885.
In February, 1881, parties interested in the Oregon Njivigation Si
President, San Francisco.
Railroad Co. purchased a controlling interest in the stock; t;ke 180,000
Northern Central— Dec. 31,1881, owned from Baltimore. Md., to Sun
shares of common stock never issued since reorganization were partlr
bury, Pa., 138 miles; branch—Relay to Green Spring, 9 miles; leased— distributed. The last annual
report is in V. 33, p. 302. (V. 32, p. 4,
Shamokin Val. A Pottsv. RR., 28 miles; -Elm. & W’mspt.RR., 78 miles;
44, 121, 184, 232, 313, 323, 335, 368, 386, 421, 553, 569, 68' 7: V. 33, p.
operated at cost—Chem. RR., 22 miles; Elmira Jeff. & Can. RR. 47 miles;
total. 322 miles. This was a consolidation ot several roads in Jan., 1875. 154, 588*, 687; V. 34, p. 87,177, 231, 344.)
The terms of the several leases will be found under the names of the leased
roads. The company is under the management of the Pennsylvania RR.
interest, and Mr. Geo.B. Roberts is President. The last annual report was
published in V. 34, p. 228, showing the application of income for the year

1880 the earnings, Aq.




In 1882 purchased at par the stock of Union

Northwestern Ohio.—Dec. 31, 1881, owned from Mansfield to Toledo
Ohio. 86 miles. This was a consolidation of the Tol. Tiffin A Easr.
the Mansfield Cold water & L. M., and the Toledo & Woodville

Company at cost of operating.
$276,165; net, $19,670.
Leased to Penn.

In 1880 gross

earnings

RAILROAD

1882.J

April,

Subscribers will confer a great

Miles

ionr txi
* 01 evulamition of columu headings, Ac.
on first page of tables.

see

AND

favor^by giving Immediate

description.

rwdensburt1 d

STOCKS

Date

of

of

notes

Size,

notice of

Amount

Outstanding

Value.

;
Rate per;

187-90.
187-09
118
118

Consolidated mortgage (for $3,560,000)
Income bonds, not cumulative

Ohio Central- 1st

mortgage gold

bonds (noil-cumulative)
Terminal mortgage bonds

1st mort., Mineral Div
Incomes,
d°
Chio d Mississippi—Stock,

1877

.

common

Preferred stock (7 p. c. yearly, cumulative)
Income amt funded debt bonds.
1st consolidated mort. ($3,44.\>,000 are s. f.)
Consolidated mortgage, sterling
•id consolidated sinking fund mortgage
Debenture sinking fund bonds (for $1,000,000)...
Bariim. Div. (Sp.&Ill. SE.) IstM. (for $3,000,000).
Ohio Southern—1st mort, ($15,000 per mile)
2d mort., income ($15,000 per mile)
Old Colon)/—Stock
Bonds(not mortgage) coupon
do
and registered
do
do
do
do
do
do
Bowl*
Oregon d California—1st mort., gold
do
do
do
do

200
200
200
26
26
615
393
148
393
393
393

1,000
100
100

1870-77

222
128
128

300

....

....

7,533,800

35
35

100

350,000
200,000

50

58A01
1870

1.320,400

500 Ac.

274,457
291,390

$410,243

707,58 1

$309,229

312,095
741,310
404,715

283,704
283,809
283,905

Ogdcnsbury d Lake Champlain.—March 31,1881, owned from Rouse’s
Point, N. Y., to Ogdenslmrg, N. Y., 118 miles; branches, 4 miles; total,
122 miles. The earnings of the road having decreased of late
years,
in January, 1880, the executive committee issued a circular
pro¬
posing certain terms of adjustment (see V. 30, p.e 118, 144), which have
been substantially carried out. Operations and
earnings for four years
Passenger

Freight (ton)

Mileage.

Mileage.

Miles.
122

3,309,125

122

3,045,831

22,439.405

122
122

3,709,830

28,037,799

.

70, 122, G57.)
Ohio Central.—The road

Ohio. The stock was
the company increased

24,534,007

was

200

Gross

„

Net

Earnings. Earnings.
$542,070 $144,320
472,172
558,810
578,070

104,390
170,917

195,470

miles—Corning, Ohio, to Toledo,

$4,400,000—par $100—and in January, 1881,

it to $12,000,000 for improvements, Ac., and to
buy the stock of the Ohio Cent. Coal Co. In June, 1881, consolidation
with the Rich. A Alleglianv was
voted, and new stock and bonds frv
extension were subscribed. But in
January, 1882, this plan was aban¬
doned
and consolidation

was

made with the Atlantic A Northwestern of

Virginia, with a capital authorized of $20,000,000, and the line
pro¬
jected is to Charleston, West Va., making the consolidated road about
400 miles in all, when finished.

(V. 32. p. 70. 579; V. 33,
154, 202, 305, 589, 710.; V. 34, p. 147, 177, 231, 205,
310.)

p.

12, 48,

Ohio d Mississipjn.—Dec. 31,
1881, owned from
Bt. Louis, Ill., 310

Cincinnati, O., to East
miles; Louisville branch. North Vernon to Jefferson¬
ville, Irul., 53 miles; total Ohio A Miss, line,
393 miles; the Springfield
Division, Beardstown to Shawneetown, Ill., 222 miles; total
operated,
bio miles. The Eastern and
Western divisions were sold in foreclosure
^L^fjPresent Ohio A Mississippi Company consolidated November 21,
lcm
On November 17,
1870, the company was placed in the hands of
Receivers, and afterwards Mr. John King, Jr., of the Baltimore A Ohio
Railroad, was appointed sole Receiver; in Oct.,
1881, John M. Douglas
was appointed
Receiver, vice King, resigned. A suit is pending, brought
purchase of the Springfield Div. in 1875 as fraudulent aud
.

jttis. 1 he various phases of litigation

in regard to this company' have
Chronicle.
There are yet
oin ’j°* old tirst mortgage 7s (reduced to 6s), Western Division, outvet-stock lias prior right to a cumulative dividend of 7
per cent before any dividend shall
be paid on com.; after payment of 7
Sr„,,ceJ“t tor ani/one year on com., the surplus of that year (if any)
fnni1 years past: between both classes. Operations and earnings for
four l)e (tlvl(hld
tilne to time in the

i»\aai8'
1Q7S
toon

Miles.
015
015

*

*
1881 0,77
1881 (to
Aug.

615

31)

VET'S**

015

Gross Earnings.

$3,130,836
3,502,239
4,370,310
2,649,949

capons were paid in 1880 and

Net Earnings.

$804,548
.

1,051,419

1,250,709
540,992
1881. and a full state.

,

n ,

tion-Snrin<m,n!iC

coinplete^^oa1,

Prc&m':’

(V.

32,‘i.?G37; vk3§;“

t»mn,MassiV‘5n<1!Jt'!rScpV.?0’1881- owned from

;

J.

do
do
New York,
do

Boston, Office,

F. A A.'N. Y., Del., L. A W. RR.

M. A N.I
iM. A 8.;

338,000

gross earnings of both rosuls.
ICLE, V. 33, p. 525.

Stocks—Last
Dividend.

do
do

do
do

1897

April 1, 1920
April, 1920
Jan. 1, 1920
Jan. 1, 1920
July 1, 19201
July 1, 1921
July 1, 1921
Mar. 1, 1875
Oct. 1, 1882
Jan.
Jan.

1.

1898

1,

1898

April, 1911
May 1, 1883
Nov.
June
June
Jan.

1,
1,
1,
2,
Sept. 1,
March 1,

1905
1921

1921

1882
1884
1894
June 1. 1895
Sept 1, 1896
Am:, i. 1897
July i, 1921
Oct. 1, 1900
Feb. 1. 1882
July 1, 1909
Feb. 1, 1922

Mav, 1915
Feb., 1891
Feb., 1882
1880 A 1885
1907

The lsist annual report was in the Chron-

Operations stud earnings for five yesirs past were sis follows:
Passenger Freight (ton) Gross
Net
Div,
Years.
Miles. Mileage.
Mileage.
Earnings. Earnings, p. cfc
1870-7
290 50,028,010
21,387,713 $2,174,884 $720,711 0
301

58,245,895
72,805,238
89,502,519
89,187,583
-(V. 32, p. 44; V. 33, p. 525.)
453
453
455

18,440,307
42,450,300
51,109,028
53,794,401

2,077,010 703,278 6
2,798,029 1,090,799......
3,518,709 1,201.047 * 0
3,740,448 1,240,840 6

Oregon d California.—Line of road-Portland, Or., to Roseburg, 190
miles; West Side Division, 97 miles; Lebanon Branch, 11 miles. Total
finished, 306 miles; projected. 288 miles. This company succeeded to
the Oregon A Central Railroad, organized under act of
Congress July 25,
1806, and took that company’s land grant. The company was in default
since 1873, and at Frankfort, Germany, May 5,
1881, the bondholders
voted Mr. Villard’s plan of reorganization. The plan provided for the
issue of preferred stock for the old bonds, $12,(>00,000, and common
stock for $7,Ov.0,000; also for $0,000,000 new mortgage bonds. A divi¬
dend of 2 per cent was declared in prof, stock in March, 1882. The
bonds are receivable for lands sold
(V. 32, p. 527, 509, 059 V. 33, p.
589, 087; V. 34, p. 310.)

Oregon Pacific—Road in progress; projected line, 000 miles. of which
miles from Corvallis to Yaquima is to be finished immediately. Land
grant, over 900.000 acres. (V. 33, p. 93, 491.)
GO

Oregon Railway & Navigation.—Gross earnings year ending June 30
1880, $3,730,242; net earnings, $1,000,801. An issue of $0,000,000
new stock was voted oil Oet. 20, 1880, to 1x5 sold at
par to the stock¬
holders ar dates in 1881. with a 10 per cent scrip dividend- paid to the

stockholders when their last instalment
issue of $0,000,000 stock was made to

called for.
of

A

further
December
28, 1881, deliverable February 1, June 1 and September 1, 1882.
Tlie company has lines in progress which will make 090 miles of
main and branches when completed.
The managers purchased in
February and March, 1881, a controlling interest in the common and
preferred stock of flit; Northern Pacific Railroad with cash furnished by
a syndicate, and the control of both companies was
transferred to the
Oregon A. Trans-continental. Net earniugs, July-D,ec., 1881, $1,370,773,
was

stockholders

against $977,288 in lSSOf (V. 32, p. 150. 232, 205, 313, 323, 336,421,501, 553, 687; V. 33, p. 48, 177, 439. 538 ; V. 31. p. 87, 178.)
Oregon Short Line — Road in progress from Granger on the U. Pac.
into Oregon 000 miles, built under Union Pacific control, and interest
on the bonds guaranteed.
One $1,000 bond and $500 in stock sold to
U. P. stockholders for $l,00o cash. See V. 33, V. 120, 710, 713.

Oregon d Transcontinental.—Tliis company was organized unier the
laws of Oregon on June 27, 1881, and received from the “Villard Pool”
an assignment of the stock of the Northern Pacific Railroad
purchased
by it.

The company’s object is to hold the stocks of the Oregon Railway

A Navigation Co. aud the Northern Pacilic, and to construct connecting,
roads. The total authorized capital is $50,000,000, of which $30,000,000 has been subscribed for at par, and $15,700,000 is paid ; the balance
is called as follows: Feb.- 1, 1882, $0,000,000; April 1, $0.000,000r

May 1, $2,240,000. H. Villard, President, 20 Nassau St., N. Y;
12, 48, 250; V. 34, p. 409.)

(V. 33,

p.

Oswego d Rome.—Richland, N. Y., to Oswego, N. Y., 29 miles. Road
opened January 1, 1800. It is leased to the Rome Watertown A Ogdensburg Railroad at 8 per cent on its stock and 7 per cent on guar, bonds.
Oswego d Syracuse—Sept. 30,1880. owned from Oswego, N. Y\, to Syra¬

cuse, N. Y., 35 miles. Leased in 1808 to the Dela. Lack. A West. RR. Co.
for 9 per cent per year on stock and interest on bonds. In 1878-79 net

income

was $120,707; payments, $151,141; deficit to lessees,
$30,374;
1379-80, net, $180,850; payments, $152,471; surplus, $31,385.

company, in its statement to the New York
says that the corporation is organized
Ohio. The road runs from the city of
A?,0-lll&°t Clark, in the State of Ohio, to the village of
Length of road completed and in opera- reported to have
OJno, to Coalton, with extensions and branches now fault was made

bl’SlTftf
Bprinle l:tll° ®tat«
Rookwoo

j Bonds—Princt
pal,When Due

PainesviUe d Youngstown.—Fairport. Ohio, to Youngstown, Ohio, 65 •
miles. The old company made default, and road was sold in foreclosure
June 2, 1879. Under the reorganization bonds are issued as above,,
and tlie stock is $288,000. The income bonds have votes, and are con¬
vertible into stock. Christopher Meyer, President, New York.
The
road went into the possession of new managers in 1881, and it wa»

8tock0FS?,!!f?»,Z''7Thi8
under the

D.

do
do

M. A N.|N.Y., Farmers’ L.AT.Co.
F. & A.!
do
do

124,000

1,000

owned from Norwich. Conn.,
Norwich to Allyn’s Point, 7

209,779

m.

1,000
1,000

1,000

&
&
A
&
A
A
&
&
A

New York, Office,
do
do
do
do
London.
New York, Office,

8.
do
8.
do
D.
do
8.
do
A.
do
J. N.Y., London A Frankf.
O. New York and London.
New York.
j Q.—F.
1J. A J. N.Y’., Farm. L. A Tr. Co.
F. A A.
New York.

6,000,000

25,000 p.

A D.

J.
J.
M.
M.
J.
M.
F.
J.
A.

14,000,000
5,911,000
2,500,000
20,000,000

....

-

! J.

1,100,000
2,000,000

1,000

I860

A. & O.,
M. & N.i
M. A N.

1,692,000
500,000

1.000
100

1805

J.|
|J. & J-

oJ.UUu

•

1,000
1,000
1,000
1,000

....

28

V_7OCL

1,000

1879
1382

....

3,829,000
140,000
2,009,000
1,920,000
1,920,000

i nan

....

..

8.1

O.j

112,000

■A. V V/

A
A
&
&

A. &
J. A

1,000

1874
1875
1870
1877
1881
1880

....

$315,107

000,830

.

Whom.

J.
Boston Office,
O.
do
O.
do
J. N.Y. Metropolitan N.Bk
do
do
J. *& 'J.
do
do
J. A J.
do
do
I. & J.!
do
do

0,088,000

1,000

■taat

J.
A.
A.
J.

AI. A

1,000
1,000
1,000

455

....

$716,035
000,883

.

Payable!

174.000

£200

miles; total, (Hi miles. In 1809 the road was leased to the Boston Hart¬
ford & Eric for 100 years, the lessees to pay all liabilities and 10 per
cent on the capital stock. There has been some discussion as to reduc¬
ing the rental, and the present lessee company has the option to termi¬
nate tlie lease, and now operates under temporary agreement (see V.
28,
p. 200). Earnings, Ac., for four years past have beeu as follows :
Gross
Net
Total
Interest
Years.
Earnings.
Earnings.
Revenue.
& Div’ds.

.

When T Where Payable, and by

4,030,000

1,000
1,000

100

....

...

mortgage bonds

$000,000

1,000
1,000

1862
1808
1808
1871
1873
1874
1881
1881

....

Omega d Syracuse—Stock, 9 per cent guar
Mortgage bonds
Cousol. mortgage (guar, D. E. A W.)

Years.
1877-8..
1878-9..
1879-80
1880-81,

Cent.

1,400,000
1.000,000
3,000,000
3,000,000
000,000
300,000
300,000
20,000,000

1,000
1,000

.....

....

Mortgage bonds, gold
:
Oregon S/tart L.— 1 st M.,int.gu.by U. P.($25,000p.iu)
Oregon d Transcontinental—Stock (for $50,000,000)
Osxeyod Home—1st mortgage guaranteed

Norwich d Worcester.—Sept. 30, 1881,
to Worcester, Mass., 59 miles; branch:

500 Ac.
100 Ac.

....

....

(yriyon l’aci/ic.—ltf mort,, land grant, gold
Oregon Railway <£ Navigation—took

$1,000

1880
1880
1880
1880
1880
1881
1381

....

Income

Income

any error discovered In these Tables.

Lake Champlain—(Continued)—

Mortgage uonds (redeemable July, 1890)

Bonds
Bonds
Bonds

xlr

INTEREST OR DIVIDENDS.

or

Par

Road. Bonds

BONDS.

». 8. Henning,

32, 147.)

gone under
on the 1st

Wabash control, and on Jan. 1, 1882, de¬
mortgage coupons. (V. 33, p. 46; V. 34, p.

Panama.—Dec. 31, 1831, owned from Aspinwall to Panama, 48 milefl.

Boston to Province- Opened through January 28, 1855. This road had a practical monopoly
June., Mass ulS*2?fe8’ anti J11^8 to Kingston, Plymouth and Somerset of the California business till the opening of the Pacific Railroads in
52 miles in 7n
•^10AyP°rt, R. T.; total, 249 miles; numerous branelie!8, 1869. Of the general mortgage bonds $1,000,000 fall due in ten halfamFitchb. AN. B., 125 miles; Fran
yearly pavmcnts beginniiiir 1884 and b dance ($2,989,000) in October,
length ofaUhnoi l\lh 2b imles; Dorchester A Milton RR., 3 miles; tots
total 1897.
The $2,955,000 subsidy bonds are secured by a pledge of tho
this October 1 Ui
lnilr08' the Cape Cod Railroad was merged in sum of $225,000 animal subsidy payable to the U. S. of Colombia by
with the Bostm? rTm+Iu IJ?.2c2lbcr» 1878, a contract of lease was made the
company. In June, 1881, most of the stock was sold to parties
Old Colony to
operate that Fltobburg & New Bedford for 999 years, the interested in the De Lesseps Panama Canal Co. Tlie report fojr 1881 waeroad and pay as rental
10-’3 per cent of the in V. 34, p. 406, and the income accounts for four years as follows:

ingh,Z&D)wpi1,<pRSdoiio8t°llCliut.




,

great favor by giving

Subscribers will confer a

Miles
Date
of
of
Road. Bonds

notes

explanation of column heading, Ac., see
on first page of tables.

£200

1,000

1,000

19.999.760

1.000

1,000

28,610,540
5,000,000

•

-

Union— 1st mortgage
income

-

-

1,000

1,000

105
105
46
47
181

1,000,000
20,000,000

1,000
1,000
1,000

1877
1881
1866
1866

2,815,000
10,000,000
1,500,000
1,500,000

1,000

■

1,660

1880
1880

1,000
1,0U0
1.000

mortgage

!

.

38
38
11

I

!

....

|

redeemable after 1882

1877

82
82

(payable $25,000 yearly)

Bonds, class A

.......

1

.

,

.

ioo

1867
1873

1,000

1,324,200

.

....

....

J.

'

J.

1881.

1879.
$

1880

....1,759,702

1,706,761

1,662,592

D. Phila., B’k N. America.
do
do
D.
A. N. Y., Chic., R. I. A Pac.
do
do
A.
.

A

J. N. Y5,

M. A S.
M. A S.
•

.

Met. Nat. Bank.
do
do
New Y'ork.
do

...1,227,292
196,269
Rentals and interest, Ac
Disnnunt on subsidy..
158,887
Other receipts— T

1,202,144
254,392

1,014,630

1,449,014
217,681

195,213

184,185

181,081

..1,582,448

1.651.749

1,629,712
$

1,847,776

Net

—

Receipts—

Net earnings

....

Total net income
Disbursements—
Interest on debt

Drawbacks
Dividends

on

..

produce.
....

Subs’y to U. S. Colombia, Ac.

264,230
166,667

$

$
....

$

$

..

....

$

239,889

270,853

270,747

450,604

12,932
840,000
250,000

9,939
910.000

6,706
1.120,000

1, 1901
Dec., 1881
July 5, 1907
July 1, 1921
June l, 1896
June 1, 1906
Feb., 1882

Aug. 1, 1893
Jan.
Jan.

1,
1,
Sept, 1,
Sept. 1,

250,000

250,000

A. A O. Co’ss Office, Norristown. Apr. 1, 1887
do
do
J. A D.
Juno 1. 1913
M. A N.
Nov., 1882
Nashua, Treasurer.
Oct, 1, 1897
A. A O. Boston, N. E. Trust Co.
J. A J.
Jan., 1872
I. A J.
Petersburg, Va.
Jan., 1882-98

,

....

$ 15,000
90,000

$1,377,607

$1,767,870

$7,638,569
(7)
(7) 4,820,914

(8) 5,861.718

$2,817,655

$2,199,265

795,220

350,866

$3,612,875

Showing balance to credit of income account
after deducting all payments for which the
company was
Dividends.

responsible

Leaving balance to credit of profit

$2,550,131

4,181,073

7,793,949

and loss

Add amount realized from settlement of old
accounts, and profit on sale of securities...

Add am’ut to credit of

1,440,792 1,647,453 2.894,571
Tot al di sbu rse men 18. ...1,3 42,821
sur.239,627 sur.210,957 def. 17,741 *1,046.795
Balauee
Deficit, to which add redemption of subsidy bonds, $15,000; total
deficit in vear’s lesult-*.$1,001,795.
-'(V. 32, p. 156. 393. 469, 637; V. 33. p. 12, 48, 412;
p.
Passaic d- Delaware.—Summit, N. J., to Bemardsville, N. J., 15 miles.
The New Jersey West Line Railroad was sold in foreclosure
company organized October, 1878, by parties identified with the
A Essex lessees (Delaware Lackawanna A Western), by whom it is
*

V. 34,

406.)

and this
Morris

Samuei Sloan. Pres., N. Y. City.

1881.

$15,000

Fred. APenn. Line RR.—Deficiency in int..
Am. SS. Co.—To meet int. guar by Penn.RR.

35,000

10,767

1920
1920
1920
1920

•

2,398,200

operated. Nominal stock, $1,000,000.

Jan.

....

1,972,606

$

earnings

Bk.

1, 1909

July 1, 1921

1880.

INCOME ACCOUNT.

1878.

Dec.

N. Y., Nat. City
New Y'ork.

....

6
6
6
6 g3
6
3
8
5

400,000
300,000

L

Jan- 1, 1915
Jan. 3, 1882
84 to ’89 &’97
Nov. 1, 1910

...»

6 g.
6
6
6

385,000
147,000

100
500 Ac.
100

A
A
A
A
A

J.
J.
J.
F.
F.

....

1,500,000
1,500,000
799,600
1,125,000

do
do

do
do
A. J.
A D. Pittsburgh, Co.’s Office.

Q.-J.

4
8

1,230,000

do
do

Phil.,Pa., Co., for ins. Ac.

....

7
7

858,000

....

Dividend.

Jan. 1, lop)

New York.

A D.
A J.

J.
J.

6

1,470,000

1880

J.
J.

4ieg.

1,287,000

.

Stocks—Last

i>ov. ao, leg!
Philadelphia, Office.
1910
Q.-J. Philadelphia A London.
A. A O.
Philadelphia, Office.*
Annually.
Q.-M. Philadelphia A London. June 15,1905

5
"2 k.

8,400,000

1880

10

J. A J.
M. A N.

A. A O.
M. A N.

6 g.

1,200,000
300,000

100

1853

New York, Agency.
do
do
New York, Office.
London.
New York.

Q.-F.

4
6
5
6
5
4

10,000.000
5,048,000

50

....

pal,When Due.

....

50

1881
*77-’80
1875

J.

4Lj

630,000
77,672,750

18 79

gold, guar. P. A R., (sink, fund)
Peterborough (N. II.) — Stock

Total gross

Bonds—Princi.

Where Pa3Table, and b\
Whom.

A J.
A J.

7
6
7 g.
6 g.

(?)

.

When

Payable

1 J.

7

$400,000
1,000,000
7,000,000
3,989,000
2,955,000

500 Ac.

1867
1880

Rate per
Cent.

3,833,066

1st mortgage, guaranteed
Peoria d- Bureau Valley—Stock
1st mortgage bonds
Peoria Decatur d: Evansville—Stock
J st mort., gold (Pekin to Mat toon)
—
not accumulative
Income bonds,
do
1st mort. (Evansville I>iv.)
Income bonds (Evansv. Div.), not cumulative

1st mort. bonds

Outstanding

1873

Pennsylvania d- New York—1st mort., guar

Petersburg—Stock

Amount

Value.

1,669

Consol, mortgage, gold
Bonds, reg. ($10,000,000 P. W. A B. s:ock collat’l)
Car Trust certificates
Navy Yard bonds reg. (extended 20 years in ’81)
Pennsulrania Company—Stock
Reg. bonds, secured by P. Ft.W.A C. special stock
Bonds, gold, secured i>y pledge and guarantee

Bonds (not mort.),

or
Par

100

Gen. M„ Ph. to Pitts., coup., J. A J.; reg., A. & O.
State lien (pay ’bie m annual inst’lm’ts of $460,000)
Consol. M., coup. J. & D., A reg. Q.—M. ts. f. 1 p. c.)

Peoria d-Pekin
1st mortgage,
Perklomen—1st
Consol, mort.,

Size,

1870

ITudson—Stock

Pennsylvania—Stock
-

discovered in these Tables.

immediate notice of any error

$500Ac.

1879
1879

65
65
48
48
48
15
15

Painesvide <£• Youngs/own—1st mortgage
2d mortgage, income, convertible
Panama—Stock
General mortgage, sterling, (£1,000,000)
Sinking fund subsidy, gold
Passaic d- Delaware—.stock
Paterson if-

|Vol. XXXIV,

INTEREST OR DIVIDENDS.

DESCRIPTION.
For

AND BONDS

STOCKS

KAILKOAD

^-xlvi

profit and loss Jan. 1.

Balance to credit of profit and loss Dec. 31..
The monthly range in prices of Pennsylvania
have been:
1882.
1881.

$7,793,9 48 $10,344,079
RR. stock in Philadelphia

Feb

March.

.

1881.

1882.

625s- 596714- 6478

Jjpi

$8,060,083

July

615978
64 - 5934

August

-

Sept’ber

6538- 6278
65*2- 63 ^
6634- 637s

-

April
May

7018-

-

62*4
66 is

613s
66%- 6438

6912-

-

June

60*2

6 7 3a- 6418

-

-

60 3g- 64
x66 - 62%

-

October
Nov’ber
Dec’ber

6378- 59^

-

Nf J., 15 miles. —(V. 32, p. 122, 230, 262, 265, 288, 289, 334, 336, 422, 469, 501, 578,
613, 635, 686; V. 33, p. 23, 93. 125, 226, 358, 469, 588, 745; V. 34, p.
The road was opened in 1834, and leased in perpetuity September 9,
1, 115, 265, 287, 358, 378.)
1852, to the New York A Erie, at a rental of $53,400 per year. J. S.
Pennsylvania Company—The Pennsylvania Company is a corporation
Rogers, President, New York City.
Pennsylvania-Doc 31, 1881, the mileage operated east of Pittsburg chartered by the Pennsylvania Legislature, April 7, 1870, distinct from
and Erie, on which earnings as reported were based, was divided as the Pennsylvania Railroad, and operates all the leased lines west of
follows: Pennsylvania Division and branches, l,i69; Philadelphia & Pittsburg. The stock is owned by the Pennsylvania RR., and in 1880
Erie Division, 287; United Railroads of N. J. and branches, 430; total the common and preferred were merged into one class of stock, mak¬
operated, New York t<» Pittsburg, with branches, 1.887. The operations ing $12,000,000, which was increased to $20,000,000 prior to the issue
of the Pennsylvania Railroad cover so large a field that a reference to of the $10,000,000 bonds in May, 1881. The whole number of miles
the annual reports published in the Chronicle is necessary to give operated or in any way controlled by this company is 3,547. The in¬
come account of the Pennsylvania Co. for 1880 and 1881 was as follows:
any adequate idea of its working and condition from year to year.
1881.
1880.
The total cost of stocks and bonds of other companies owned by Penn¬
Net earnings Union Line Bureau, and for rents,
sylvania Railroad was $79,719,156, and the par value $110,129,429,
$762,597
$848,725
real estate and equipment
In March, 1881, the company purchased 217,819 shares of the Phila¬
Profits from operating leased roads—
delphia Wilmington A Baltimore RR., and the directors authorized the
1,589,543 1,715,674
issue of $20,000,000 new stock of the Pennsylvania RR. A part of Pittsburg Fort Wayne A Chicago
82,176
New Castle A Beaver Valley
71,226
this stock was offered at par to stockholders of record April 30,l.->81, at
7,924
Lawrence
6,868
the rate of 12*2 per cent of their holdings. In July, 1881, the 4 per ct.
456,786
Cleveland A Pittsburg
307,378
bonds secured by P. W. A B. stock were issued, and $260,000 are to be
drawn and paid yearly. A scheme to buy up the company’s guaranteed
$2,823,741 $3,025,1.^9
securities with $100,000 per month from earnings is in operation, and
1,049,349
577,697
the entire amount paid by the company into the Trust up to the end of Received from investments.
1881 was $1,900,000.
There had been purchased for the fund securi¬
Total revenue
...*
$3,401,439 $4,074~508
ties of the par value of $2,027,950, which yield an interest of 6 61 per
Deduct—
*
cent per annum upon the investment.
$534,747
Ex'penses Proprietary Dcp. and int. on bonds... $603,799
An abstract of the latest report issued, that for 1881, was published in
Loss in operating leased roads —
the Chronicle (V. 31, p. 287), showing surplus net income of $2,199,265
233,521
Erie A Pittsburg
242,819
after paying all charges and 8 per cent dividend.
21,011
Massillon A Cleveland
5,365
A summary of the total business of 1881 in tonnage, passengers and
199,185
Indianapolis A Vincennes
148,583
income, compared with previous years, is shown in the following :
19,859
Paterson

d-

Hudson—dor soy City, N. J„ to Paterson,

ALL LINKS EAST OF

Cash advanced to Cin.

PITTSBURG <fc ERIE.

1879.

1878.

1880.

1881.

Operating expenses.

$31,636.731 $3 1,620,279 $41,260,073 $44,124,182
18,408,991 20,382,740 21,625,048 26,709,809

Net earnings

$13,167,740 $14,237,539 $16,635,025 $17,414,373

Gross earr ings

....

ALL LINES OPERATED

EAST AND WEST OF PITTSBURG & ERIE.
1879.
1880.
1S81.

$60,362,575 $70,764,062 $75,182,973

Gross earnings from traffic
Operating expenses

35,639,794 42,179,485 46,243,277

$24,722,780 $28,584,576 $28,939,695

Net earnings
GENERAL INCOME

ACCOUNT—(PENNSYLVANIA RAILROAD PROPER).
1880.

Net income Pennsylvania RR.
Net loss New Jersey Division
r

Division

Balance

From this balance of income for the year the

following amounts have been deducted —
Payments to trust fund
Consolidated mortgage redeemed
Northern Cent. Railway—One-lialf loss
Baltimore A Potomac Railroad—Advances
Shamokin Coal Co.—Advances
Phila. A E ie—Deficiency in interest

1881.

$10,051,485
1,035,308

$10 131,718

$9,016,176

$9,828,853

$02,865

$600,000

$600,000
286,480

29,459
7,000

143,332
7,000

291,000
27,423

25,574

175,973

Allegheny Val. RR.-- Deficiency in interest

315.109

242.621

17,040

157,464

\Sunb. Ilaz. A Wilkesb.—Deficiency in int..

50,000

50,000

Do




Advances

Dp

24,384

Richmond A Ft. Wayne..

Pittsb. Cin. A St. Louis

Total expenses, interest, Ac
ret income. ,
fecluet dividend on capital stock,

-

200,000

$1,208^25

$1,024,952 $2,866,183
6,487
$2,37°
4 per cent

—

480,000

1,000,000

$1,896,487 $1,866,183
The registered bonds are secured by deposit of $4,000,000 of Fittsb.
•
fayne A Chicago special stock. The gold bonds of 1921 are seeurefl J
deposit in trust of the leases of the Pittsb. Ft. Wayne A Chic, an
leve. A Pittsb. railroads and are also guaranteed by the Penna.
The trustees of the mort. are Wistar Morris. Edmund Smith an
•
[.Felton. They were issued to supply funds for purchasingtneu.
I. C. bonds and other purposes, and the whole authorized issue m?-*.
00,000. The sinking fund is 1 p. c. per ann. if the bonds can be wras
t par.
See V. 32, p?122.-(V. 32, p. 122, 569, 637; V. 33, p.
Balance, being the

surplus for the year

o.

;

Pennsylvania & New York [Canal

and

wned from Wilkesbarre, Pa.,' to New
ranches to mines, 23 miles. Operated

Railway).—November 3
York State Fine,
in connection with

11880-91, $1,0006,706. Robert A. Packer,
2,p.98; V. 34, p. 145.)
,
.
Peoria <£ Bureau Valley— Bureau Junction to
he road was leased in perpetuity April 14, 1854, to the
dand Railroad at a rental of
per annum.

'

.

^nd preferred
in iSTJ'SjV$
president, bayTe,

alley Railroad.
Common stock, $1,061,700,
4,000,000. Net earnings in 1878-9, $599,791;

nnlr fftlanri

,

10* T
the
«r

1
m

Peoria,
Chicago
Officers g&h*®

KAILKOAD

1882. J

April,

STOCKS

AND

BONDS.

xlvii

Subscriber* will confer a great favor by giving Immediate notice of any error discovered in these Tables.
description.
Fnr
xw

flrDlanation of column
*

Miles
of

Date
of
Road. Bonds

headings, Ac., see notes

first page of tables.

on

Petersburg—( Continued)
Bonds, class B
Income

Westchester & Phila., 1st mortgage
Philadelphia & Erie—Stock, common
Preferred stock
let mort., Sunbury& E. (extended 20 years

...

....

40
287
287
29

Qjn“StS^g.;^aVbyPa.RB:($5,263;660rg.'5s)

Philadelphia Germantown <£• Norristown—Stock.
Philadelphia Newtown <£ Neiv York—Stock

1881
1871

....

in ’77).

1857
1868
1869

2i

Phila. & Read., coup
<6 Reading—Stock, common

Bonds, guar, by

Philadelphia

Loan mortgage,
do
do
do
do
Loan debenture
Loan mortgage

779
779
779

sterling
do
do

....

....

779

(Extendedin 1877.)...

779

..

....

v

779
779
779
779

Consolidated mort., $ loan, coupon or reg
do
do
gold, $ or £, coup
do
do $, gold, coup, or reg
Debenture loan (convertible 1870-92), coup
Improvem’t mort., $ or £, sink’g fund, coup

-

-

-

.

745
750

Gen. mort., $ and £ (sink, fund 1 p. c. yearly)
Income mortgage (for $10,000,000)
Income mortgage of 1879
Debenture and guar, bonds, 6 per cent cur’cy scrip
Gen. mort. and Perkiomeu 6 per cent ster’g scrip

•

•

-

.

•

•

•

•

.

•

•

•

....

Bonds for Berks Co. Railroad
Deferred income bonds (for $34,278,175)

....

100 Ac.

1,000
1,000

1,000
50
50
100 Ac.
50
50

....

....

....

50
50

....

....

50

.

....

....

Preferred stock
Receivers’ certificates
Mortgage loans inconvertible
Loan mortgage, convertible

Value.

....

83
62
27
287

Philadelphia <t Balt. Central—Stock—r.
lstmortgage (for $2,500,OOOK

or
Par

$....

....

bonds.. • •■ - • •■ • - - • •* - * - * •

1880
1843-9
1857
1836
1843
1867
1868
1868
1871
1871
1871
1873
1873

1874
1876
1879
1877
1877

....

1,000
1,000
£100
£500

1,000
1,000
1,000

1.000
1,000

1,000
1,000
1,000
....

10 Ac.
90 Ac.

1878

....

Exchange in Sept., 1880. On July 10, 1881, voted to issue $2,400,000
See V. 32, p. 659.
new stock for new lines, Ac.
In 1880-81 gross
income, $566,634; net, $212,777. (Y. 32, p. 288, 659.)
Peoria d- Pekin Union—This road, from Peoria to Pekin, 10 miles, is a
union road, and the stock of $1,000,000 was taken by the different
Peoria RR. companies. Opened Feb., 1881, and gross income to Juue
30, $135,898; net, $40,626.
Perkiomeu—Nov. 30, 1881, owned from Perkiomen June., Pa., to
Emaus June, 39 miles. The road was leased for 19 years from Aug. 1,
1868, to Phila. A Read’g RR. , and bonds guaranteed by the lessees; but
the property was surrendered, and all control given up in May, 1879.
One-naif the interest on the consolidated mortgage was paid for three

Reading scrip, according to the Philadelphia

Amount

Outstanding

Rate per When Where Payable, and by
Gent.
Whom.
Payable
6

$963,000
160,000
2,500.000
615,000
1,100,000
7,013,700
2,400,000
976,000
3,000,000
13,943,000
2.231,900
1,200,000

m

m

m

m

.

.

.

(

A. A 0.

....

....

7
7
5 A 6 g.
3

A. A O.
J. A J.

6

A. A 0.

2*3
313
4 A 6
6
6
5 g.
6
6
7
7
6
6
7
6
6
7
6
6
6

3, 4,

Stocks—Last
Dividend.

Philadelphia, Offloe.
1911

m m m m

7

7

Bonus—Princi¬

pal, When Due,

....

5

'700,000

32,726.375
1,551,800
1,800,000
1,510,500
79,000
182,400
967,200
134,400
1,135,300
2,700,000
10,649,000
6,999,000
968,000
10,499,900
9,364,000
19,686,000
2,331,000
10,000,000
3,472,973
1,832,760
586,000
<t>

1876-.

1,000

100 Ac.

Peoria Decatur d Evansville.—June 30, 1881, Peoria to Evansville,
248 miles. This road is a consolidation of the Pekin Lincoln & Decatur
RR. (formerly leased to the Wabash) and the Decatur Mattoon & So.
and the Grayville A Mattoon. The bonds were placed on N. Y. Stock

years in Philadelphia &
& Reading compromise.

INTEREST OR DIVIDENDS.

Size,

Q.-J.
Q.—M.
Q.-J.

Phila., Farm.A Mech.Bk April 1, 1891
Philadelphia, Pa. RR.

do
do
Oct. 1, 1897
Philadelphia, Pa. RR.
July 1, 1888
Philadelphia A London.
July, 1920
Phila., Treasurer of Co. Mar. 3. 1882

Phila., 227 So. 4th St.
Philadelphia, Office.
do
do
do

do

A J.
A J.
A J.
A J.

July, 1880

do

July, 1886

London.
do
do

A J

A
A
J. A
g- J. A
g. J. A
J. A
A. A
g- J. A
J. A
T. A
J. A
g. J. A
5, 6 M. A

J.
O.
D.
D.
D.
J.
O.
J.
D.
D.
J.
J.
N.

1, 1897

Jan. 25,1876

do
do
do

Q.-J.
J.
J.
J.
J.
J.
J.
A.

Oct.

July, 1880

Philadelphia, Offloe.
do
do

do
do

Philadelphia A London.

Philadelphia, Offloe.
do

Philadelphia

do

London

or

London A

Philadelphia.
Philadelphia, Office.

do
do
London A

July 25,1876

do
do

Philadelphia.
Philadelphia, Office.

July, 1880
July 1, 1882
July 1, 1893
Oct: 1, 1893
Juue, 1911
June, 1911
June, 1911
Jan.
Oct.

1893
1, 1897
July 1. 1908
Dec. 1, 1896
1,

July, 1882
July, 1882
May 1. 1898

May, 1879, this company leased for 990 years the North Pennsylvania
Railroad and Delaware A Bound Brook Railroad, and at same time gave
up the Perkiomen Railroad.
(See terms of lease under names of those
companies.) The Berks County RR. was purchased at foreclosure and
paid for in bonds. The main business of this company has been the trans¬
portation of anthracite coal. The Philadelphia A Reading Coal & Iron
Company is a corporation formed (Dec. 12,1871) for the purpose of own¬
ing and working the extensive coal properties of this company. The
Philadelphia A Reading RR. Company owns all the stock of the Coal A IroD
Company, and the trustees of the general mortgage of 1874 hold the bonds
of the Coal A Iron Company. Between 1870 and 1876 this corporation
increased heavily its capital account in the purchase of new properties,
and after paying 10 per cent dividends for t-orne years eeased to pay
after January, 1876. The company was unable to meet all its obliga¬
tions, and in March, 1877, holders of the general mortgage bonds and
Perlokmen guaranteed bonds agreed to take one-half their coupons for
three years in 6 percent scrip; and holders of convertible and debenture
bonds to take 6 per cent scrip in payment of their coupons for five years.
The scrip is convertible into income mortgage bonds.
In May, 1880, the company suspended payment, and on May 24
Franklin B. Gowen. Edwin M. Lewis and Stephen A. Caldwell were
appointed Receivers of the railroad and coal companies. (See V. 30, p.
567.) At Philadelphia, July 1, a bill was filed for the foreclosure of the
general mortgage of 1874. Interest was paid in full only on the consoli¬
dated mortgage of 1871 and prior mortgages. Certain interest was paid
on the coal land mortgages at reduced rates, and the July, 1881, coupon
on the general mortgage was paid Feb. 10, 1882.
The contest as to the
annual election, the litigation as to the bond schemes, Ac., the defeat of
Mr. Gowen in 1881 and his success in January, 1882, have been referred
to at much length in the Chronicle on the pages indexed below.
Prices of Philadelphia A Reading stock in Philadelphia, have been:

Net earnings m 1880 were $118,602; in 1881,
$123,129. (V. 32, p. 101.)
Peterborough—Wilton to Greenfield, N. H., 11 miles. Completed Jan.
1,1874. and leased by Nashua & Lowell Railroad for 20 years from
1873 at 6 per cent on cost of the road. In 1879 lessees withheld rental,
hut a suit was decided in favor of Peterborough. James Scott, Presi¬
dent, Peterborough, N. H. (V. 32, p. 16.)
Petersburg.—Petersburg, Va., to Weldon, N. C., 64 miles. In May, 1877
a Receiver was appointed and foreclosure sale was decreed
April 20
1880, but steps were taken by second mortgage bondholders to prevent
a sale, and reorganization was made with above bonds, and
$323,500
pref. stock and $1,000,700 com. stock on Dec. 31, 1881. In 1881 gross
earnings were $306,057; net, 123,074. (Y. 32, p. 232, 444, 501, 613,
686; V. 34, p. 178, 377.)
1 QQO
1881.
1882.
1881.
3412- 2534 July
Philadelphia d Baltimore Central—Phila. to Westchester, 26 miles; Jan
3358-2938
.........
3012- 28i0
Westchester Junction to Octoraro Md.. 46 miles; leased Chester Creek Feb
August
32i0-27i2
2634- 26
3370- 295g
Railroad, 7 miles, and Columbia & P. Deposit Railroad, 4 miles; total March... 3230-253*
3558- 2834 Sept’ber
3630- 2912
operated, 83 miles. This was a consolidation, Oct., 1881, of the Phila. April
3258- 253s October
3714- 307s
& Balt. Central and the Westchester & Phila. railroads. Of the new
305s- 26ie Nov’ber
343s- 32H
May
stock Phila. Wil. A Balt, holds $1,669,400, and $615,000 of
June
•30V 28
Dee’ber
3558- 813*
the bonds.
The annual report for ’80-81 was published in Chronicle, V. 34, p. 30.
Philadelphia & Erie.—Dec 31, 1881, owned from Sunbury to Erie, 287
The following table shows a comparison between the results of the
miles. Formerly Sunbury & Erie RR. It was leased to Penn. RR. for 999
years from January 1, 1862, the lessees to pay 30 per cent of gross two years’operations. The earnings of the railroad company for the
receipts as rental, but modified January 1, 1870, so that actual net fiscal year ending Nov. 30, were as follows;
1879-80.
v
1880-81.
receipts are paid as rental. The consolidated mortgage is guaranteed by
Gross
Net
Gross
Net
the Pennsylvania Railroad. -The
unpaid coupons of $2,086,200 are held
Earnings.
Earnings.
Earnings.
Earnings.
hy the lessee for advances. Last annual report was in V. 34, p. 263.
An abstract of the report
$7,691,395 $18,612,440 $8,122,493
for 1881 presents the business for the year Railroad traffic...$16,938,886
Canal traffic
thus : Total revenue, $3,454.309;
873,244
455,827
919,105
439,468
operating expenses, $2,430,060 ; net Steam
colliers
607,646
223,589
667.153
287,770
earnings, $1,024,248; from which extraordinary operating expenses for
Richmond barges
construction of tracks, sidings, shops, Ac.,
2,710
100,627
2,444
80,544
amounting to $135,278, are
deducted, making the actual net earnings $888,970. To the latter sum
Total
$18,520,403 $8,373,255 $20,279,244 $8,852,443
*qaq qn-nef rec‘(‘iP18 from rents, $4,835, making a total net revenue of
The joint statement of the railroad and the coal and iron companies,
jpsyj.bOo. From this sire deducted charges for maintaining the organi¬
zation, interest on equipment smd drawbacks to the Allegheny Valley showing
the earnings and expenses, the fixed charges for interest,
Railroad, amounting to $211,055, leaving a balance of $682,749. The rentals and sinking funds, and yearly profit and loss from 1875 to 1881,
interest paid on the funded debt was
both inclusive, were given as follows in the report;
$1,077,995, leaving a deficit for
the year of
Gross
Net
Op. Exp. and
Iut. A Sink’g
$395,245.

Total gross eam’gs...
Aet

1879.

1880.

1881.

$
2,921,060

$

$

$
3,454,309

961,549
2,292

1,369,380
4,840

1,024,250

878,306

963,841

1,374,220

1,029,085

1,099.473
191,604

1,093,720

163,049

1,093,720
162,200
106,567

39,410

37,306

1,077,995
165,345
135,278
45,710

1,331,373
453,067

1,296,179
332,338

1,399,793
25,573

1,424,328
395,243

876,111

Rents...

Total net income...

Disbursements—
011

3,727,733

40,296

Netearnings

3,091,808

2,195

receipts—

tlebt

interest on equipm’t.
Rxtraordin ry expen.

Miscellaneous

4,835

>

.

Rentals.

Revenue.

1875..$24,038,932

$19,989,430

$4,049,502

1876.. 26,392,586
1877.. 24,508,324
1878.. 22,022,419
1879.. 26,937,886
1880.. 32,177,003
1881.. 35,286,463
—(V. 32, p. 16, 17,

23,539,039
20,758,403
18 ,428,092
23,493,880
26,682,024
28,598,114

3,749,920
3,594,327
3,444,005
5,494,978

Year.

INCOME ACCOUNT.

1873.

,

Revenue.

Funds.

Deficit.

$5,863,918

$1,814,415
3,039,246

.

5,892,792
6,392,407

7,012,442
7,052,760
7,542,073
7,466,092

2,642,486
3,418,114
3,608,754
2,047,094
777,743

6,688,348
44, 70, 101, 122, 156, 184, 206, 232, 289, 313, 336,
396, 407, 422, 430, 445, 469, 488, 527, 539, 578, 613, 686; V. 33, p. 12,
23. 93,102, 123, 154, 177, 202, 226, 256, 329, 385, 412, 433, 470, 502,
588, 745 ; V. 34, p. 30, 32, 60, 87, 115, 205, 231, 265, 292, 316, 345,
,

378, 409, 461.)
Philadelphia d Trenton.—Philadelphia, Pa., to Morrisville, Pa., 27

On Dec. 1, 1871, it was leased with the United Companies of
Jersey to the Pennsylvania Railroad, at 10 per cent on stock, and
is |operated as a part o1 its New York division.
MV 39
—
P' 204 ; V* 34, P‘ 10O» 2630
Philadelphia Wilmington
Baltimore.—Philadelphia, Pa., to Balti¬
town*
a*® 9.en:iantown & Norristown—Philadelphia, Pa., toNorris- more, Md., 96 miles; Port Deposit Branch, 4 miles; Southern Division to
9 mrfpB.ViZ.17SS? ’ <fei>mantown Branch, 3 miles; Plymouth Railroad, Rodney A Newcastle, Del., 12 miles; total,main line and branches, 112
miles; Delaware Railroad
total operated,
V?9 5?lles* The property was leased Nov. 10, 1870, to Owns over half the stock of(leased), 95 miles;Central road. 207 miles.
the Phil. A Balt.
and
fading Railroad for 999 years at a rental of $269,623 In April, 1881, nearly the whole stock was purchased and is held by
rmo
Per annum
f?r organization expenses. Dividends of 12 per cent Penn. RR. Co. Operations and earnings for five years past were:
per amvirrn are
regularly paid.
Passenger Freight (ton)
Gross
Net
Div d
rs.
Jftewt9,wn
-New Y/yrk.—From Newtown Junction to Years.6 Miles.
Mileage.
Mileage.
Earnings. Earnings, p. et.

Bah!i^8bSeTnt8-

Philip n\d®8. Capital stock, $1,200,000.

59,160^438

$1,161,216
42,089,750 $2,916,250 *1.161.216
2,660,446 1,095,108
60,504,494 46,080,501
1,282,178
62,102,597 58,146,546 2,849,919
1
1,366.223
3,263,110
Pa., 9a
^Main line, Philadelphia to Mount Carbon,
1,231,081
3,551,881
JBilgg. othA^6?^branch lines owned, 233 miles; leased lines, 495 1880-8i 112
*«•**», otner lines
controlled, 66 miles; total operated, 892 lines. In —(V. 32, p. 68, 232, 266, 289, 422; V. 33, p. 218; V. 34. p. 59.)
1879

giving

PhLTX

On November 10,

miles.

New

* loading Railroad purchased 12,012 shares,
the Pr°Perty* and guaranteed the bonds.




1877-8...
1878-9...
1879-80

.

Ill

112
112
112

8

Subscribers will confer a great

favor by giving

explanation of column headings,
on first page of tables.

Miles
of
Road.

Ac., see notes

Philadelphia <& Reading—(Continued)—
Coal & Iron Co., guar. mort. (for $30,000,000).
do
debentures, guaranteed
Philadelphia <£ Trenton—Stock
Plain bonds, loan
do
do
do
do
do
do

..

jh.

Pittsburg Bradford & Buffalo—1st mort..coup.,
Pxtts. C.dtSt.L — 1st M., consol., reg. and coup
2d consol, mortgage
1st mortgage, Steubenville A Ind.,
Col. A Newark Division bonds

88
200
200
117
33

g’ld

reorganized...

bonds

Pittsb. <£ Connellsville.—1st mortgage
do
Turtle Creek division
1st
Consol, mort., guar. B. A O. (s.f. £7,200

pr,

Chica,cjo—Stock, guar
Special improvement stock, guaranteed

all

Bonds

cou¬

1868
1859
1876

1,000

•

•

50

•

1,000
100 Ac.

£200

$100
1871
1862
1362
1862
1862
1362
1862
1862
1862
1362
1862
1863
1862
1862
1857
1874
....

100
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.

1,000
1,000
1.000

1878.
Net

$

1880.
$

1,599,562

2,032,682

24,854

14,022

16,041

449,688

711,466

647,853

1,186,763

earnings

Remtals and interest.
Net from leased roads
All other accounts ...

t 461,839

2,123,144

Total income

2,325,050
$

$
828,127

Disbursements—
Rentals paid

2,696,581

669,790

821,299
833,625

801,048
842,480

132,944

136,980

174,944

105,000
16,144
412,002

105,000

38,693

2,123,144

Interest on debt
Other

2,325,050

2,696,581

283,390
105,000
65,200

Miscellan’s accounts.
Int. on C. A M.Val.bds

St.L.V.AT.H.
Balance, surplus
Loss on

Total
*

1879.

$

Receipts—

follows;

Exclusive of Col. Chic. A

27,241

745,868

Ind. Cent,

'

800,000

18709.

134,000

120.000

4,000,000
326,600

6,500,000
19,714,285
6,770,900
875,000
875,000
875,000
875,000
875,000
875,000

860,000
860,000

860,000
860,000
860,000

860,000

2,000,000
100,000
1,000,000
1.583.000

was

by

M. A

'

pal,When Due.
Stocks—Last
Dividend.

Various London A Philadelphia.

7

6,863,000

2,500,000
3,000,000

Where Payable , and
Whom

7

1,000,000
1,000
1,000
1,000
1,000

in progress (narrow gauge) from
thence to Kane, Pa., 103 miles,
of which 88 were finished in Dec., 1881. Bomls issued at $8,000 per
par $100; issued, $500,000.
-mile.
Slock authorized, $1,000,000,
Marcus Huliugs, President, Oil City, Pa.
(V. 33, p. 355), 736.)
Pittsburg Cincinnati <C St. Louis.—December 31, 1881. owned
from Pittsburg, Pa.,
to Columbus, Ohio, 15)3 miles; branch to
Cadiz, Ohio, 8 miles; total, 201 miles.
This was a consolidation
of several companies, May 1, 1868, including the . Steubenville A
Indiana and the Pan Handle roads.
This company is controlled
by tlio Pennsylvania Company, through the ownership of a majority of
its stock. This company also holds leases of the Little Miami and its
dependencies and of the Columbus Chicago A Indiana Central rouel,
which are operated by the Pennsylvania Company, and their earnings
separately stated. Common stock, $2,508,000; first preferred, $2,929,Gross
200; second preferred, $3,000,000; par value of shares, $50.
receipts in 1881, $1,091,723; net, $1,331,983 ; surplus over interest,
Ac., $263,853.
Loss on leased lines, Ac., $522,637; net loss, $258,783.
The interest on the second mortgage bonds, due from October 1, 1875,
to April 1. 1878, inclusive, was paid in 1880.
*

Payable

800,000

1.000

"Pittsburg Bradford *£• Buffalo.—Road
Foxburg rind Emleuton to Clarion and

INCOME ACCOUNT.

Cent.

700,000

80

Comparative statistics for four years were as

When

2*3
4
6
6
6
5
« g7
7
6
7
6
7
6
6 g.

1%
7
7
7
7
7
7
7
7
7
7
7
7
7
7
8
7 £.

1892 to’94
1 RQ<?
Philadelphia, Office.
Philadelphia, Ottice. April 10, 1882
Q:-J.
J. A J. Philadelphia A Boston.
Jan«. 1. 1882
do
do
A. A O.
April, 1887
A. A O. Phil’delphia, Co.’s Office
9ct„ 1. 1892
do
do
April 1. 1900
A. A O.
tlo
do
T. A D.
June, 1910
A. A O. N.Y., Nat. Bk.Republic. April 1, 19H
Phi la., Pa., RR. Office.
F. A A.
Aug. 1, 1900
do
do
A. A O.
April 1, 1913
M’nthlv N. Y., 21 Cortlandt St.
May, 1884
J.

S.

do

do

A J.

Jan., 1900
1893

J. A J. Balt., Balt. A Ohio RR.
F. A A. Pittsb., First Nat. Bank
I. A J. London. J.S.Morgan ACo
Q.-J. N. Y., Winslow, L. A Co.
do
do
Q.—J.
do
do
J. A J.
do
do
F. A A.
do
do
M. A S.
elo
do
A. A 0.
do
do
M. A N.
do
do
J. A D.
do
do
I. A J.
do
do
b\ A A.
do
do
M. A S.
do
do
A. A O.
do
do
M. A N.
do
do
J. A D.
do
do
A. A O
do
do
J. A J.
do
do
M. A S.

July, 1898
Aug. 1, 1882
Jan. l, 1926
April 4, 1882
April!, 1882
July 1, 1912
July 1, 1912
July 1, 1912
July 1, 1912
July 1, 1912
July 1. 1912
July 1, 1912
July 1, 1912
July 1, 1912
July 1, 1912
July 1, 1912
July 1, 1912
July 1, 1912
Jan. 1, 1887
Mch. 1, 1884
April 1,1902

Philadelphia.

A. A O.

foreclosed Oct. 24, 1861, and

reorganized under this title Feb. 26,

1862. On June 27,1869, the company leased all its road
to the Pennsylvania Railroad at a rental equivalent to

and property

interest, sink¬

ing fund of debt, and 7 per cent on $19,714,286 stock,
increased at that time from $11,500,000. The lease was
subsequently to the Pennsylvania Company. The lessees

which was
transferred
are to keep
taxes, expenses, Ac. The Pittsburg Ft,

repair and also pay
Wayne A Chicago leases the Newcastle A Beaver Valley and the
rence roads, which in turn are leased again by the Pennsylvania
the road in

Law¬

Com¬
pany. Of the 1st mortgage bonds, $1,196,000, and of the 2d mortgage
$1,258,000, and $399,813 cash, were held in the sinking funds Jan. 1,
1881. The special improvement stock is issued to Pennsylvania RR.
or improvements, Ac., under article 16 of lease, viz.:
“Article 16. The party of the first part hereby agrees that, for the
»nrpose of enabling the party of the second part to meet the obligations
)f the party of the first part to the public, by making from time to time
such improvements upon ana additions to the said Pittsburg Fort Wayne
A Chicago Railway, in the extension of facilities for increased business
by additional tracks and depots, shops and equipments, and the substi¬
tution of stone or iron bridges for wooden bridges, or steel rails for iron
rails, tlio party of the first part will issue, from time to time, a special
stock, w hich shall bear such name as shall be hereafter agreed upon, or
bonds, or other securities, -which shall be issued in such form as may,
1881.
from time to time, be found to be most available with respect to economy
$
of interest and negotiability, and shall be consistent with the legal
1,309,313 powers of the party of the first part and the rights secured bv these
22,669
presents, which special stock, or bonds, or other securities, shall be
557,668 issued on the conditions following: The said party of the second part
shall guarantee the payment, semi-annually or quarterly, thereon ol
such rate of interest as may be agreed upon between the parties hereto,
1,889,602 to be paid by the said party of the second part to the holders thereof
without deduction from the rent hereinbefore reserved; aud the said
$
787,965 special stock, or bonds, or other securities, shall be issued onlv in respect
878,269 to improvements of and additions to the said railway ■which, and esti¬
206,706 mates and specifications of which, shall have been submitted to and
approved by the said party of the first part in writing; and all such
105,000 Improvements or additions shall be made in such manner as shall be
170,445 approved by the said party of the first part. The party of the first part
t 258,783 shall not at any time, during the term aforesaid and the continuance ol
this lease, make or issue any bond or obligation, in addition to the bonda
1,889,602 hereinbefore specified, except subject to this lease, without the consent
in writing 9f the said party of the second part first had and obtained
thereunto.”

1st mort. bonds only
31,1830, and of the 2d mort. only
$3,902,000, the balance being in the sinking funds. Operations and
GENERAL BALANCE AT CL08E OF EACH FISCAL YEAR.
1831.
earnings for five years past were as follows :
18S0.
1879.
1878.
Div’d
Net
$
Passenger Freight (ton)
Gross
$
Assets—
19,942,295 19,979,032 Years. Miles.
Mileage.
Mileage.
Earnings. Earnings. p. ct
Railroad,equipm’t, Ac 19,942,295 19,942,295
t Loss.
*
Includes

The lease has been

$180,400 bills payable

Stocks owned, cost...

Bonds owned, cost...
Betterm’ts to l’sed r’ds
Bills A acc’ts rec’vable
Materials, fuel, Ac ..
Jusli on hand
Add’ns to Cin. S. C.Ry
Profit A loss balance.

57,298
317,855
651,671
1,361,789
517,928
92,312

64,639
291,868

64,639
37,504

$
Liabilities—
2,508,000
Itoek, common t
5,929,200
Rock, preferred : ....
Ms. (see Supplem’t). 12,497,000
956,898
U1 other dues A acc’ts
888,808
Due Little Miami RR.
184,601
Due C. C. A I. C. RR .
262,500
fin. Street Conn. bds.
70,648
Miscellaneous
3rolit A loss balance.

23,062,567
$

2,508,000

stock

58,398
2S3,000
835,376
980,133
732,474
297,465
64,639

58,399
283,000
706,241
1,076,528
625,859
462,183
64,639

23,219,144
$

2,508,000

5,929,200
12,497,000

5,929,200
12,497,000

726,893
888,783
184,601
262,500
65,590

784,754
891,189

184,fc01

262,500
64,849
97,051

376,392

23,606,911
$
2,508,000
5,929,200
12,617 000
1,132,324
891,188
-

82,096

unconverted.

to Cumberland, Md., 150
miles; total, 174 miles. On
the Baltimore A Ohio
The rental is interest
fund. The city of
Baltimore transferred its interest to the Baltimore A Ohio Railroad for
$1,000,000, and the consolidated sterling mortgage was made ami guar¬
anteed by the Baltimore A Ohio. It is operated as the PittsburghDivision
of the Baltimore A Ohio Railroad. In February, 1880, a judgment in
favor o Baltimore A Ohio Company was confessed for $4,354,748.
Stock
is $1,955,741. In 1879-80 the net earnings were $1,011,827.
Pittsburg Fort Wayne d- Chicago.—Pittsburg, Pa., to Chicago, Ill., 468
mUes. The company made default Oct. 1, 1857, aud again in 1S59, and
miles; branch, 2 miles; leased lines, 22
December 13 1875, the property was leased to
Railroad, and possession given January 1,1876.
on the debt and £7-200 sterling as an annual sinking




76,466,488
468
468
77,819,493
468
86,406,476
OA 987 11 1
468 104,287,111
468
-(V. 32, p. 677.)

439,998,281

$7,020,^45 $2,956,147

7,872,476
637,470,506
8.461,563
803,Q53,260
8f>« 9.V7
806,257,399 10,096,819

10,461,911

Pittsburg Virginia & Ch arleston .—From
Pa., — miles. The stock is $-

3,529,085

Pittsb
fomei

Port J
Port 1
Gen

forth
Moi

Po"tlC
Portk
Portsi
Ports i
1st

Pouffl
Provo

Procit
Nev

Ealei{
Readi
2d

i

Lan

Renss
1st

Riehi)
Sect

Richn

Stat
3d i
Gen
Deb
Pie i
Nor

Kiel

Por
112 u

and ri
and ]

GeoiT
is $73

Ceutr

The

r

Gross

Op err
N<
cargo
Por.
to

Fal

bury
Monti

a con

cquit;
but ci
were

Years
18761877-

187818791880-

-(V.
Por

Kochi
a Re<
rneut
verte

$162,
32, p
Por
miles

per c
per ci
Poi

Open
Ham]

Easti
Jones
Por
Conw
made
antee
bond:

beeps

Poi

Easte

Pa., to

$2,000.-

of tbe stock $1,251,050,
in 1881 were $12/,I4L

Pa, to
total
wa
$84Mp®.
(V.3^P-

1,1831, totto
uu,
Red Bank, ra., an
contract oi w
combmatio
461.)
State line, *
P®nu.8/jv^

12,1879, tne
organizeu.
Newark®
Philadelphia.
Port Jervis <£ MonUccllo.—Sept. 30,1880, owned from Port J®H%it

Monticell0 & * ,
andreorgaiu^
the present Port Jervis A Monticeilo. Gross earnings 1878-9,
net. $1,616; gross earnings in 1879-80, $29,128 ;net, $6,o45. rneew**

Y., to Monticeilo, N. Y.f 24 miles.
Formerly the
Jervis RR., which was sold in foreclosure July 16,1875,
as

$724,276, issued to the former holders

1st i

Pittsb

4,603,426

Pittsburg t£- Western.—The mortgage was executed Oct.
Mercantile Trust Co., covering the projected line from Allegany
Pa., to Youngstown, O., and Newcastle, Pa., to
Junction to Parker, Pa. Also the rights secured by tlio
Wabash, Central of New Jersey and Rochester A Pittsb.
-(V. 34, p. 461.)
Pittsburg Youngstown <£• Chicago.—(V. 33, p. 75 ; V. 31, p.
Pomeroy <6 State Line.—Pomeroy, Pa., to Delaware
miles. The former Penn. A Del. RR. was leased to the
Railroad, with net earnings as rental. On August
was sold in foreclosure for $100,000, and this company
owners of this part of the road, which connects with the
City RR., 17 miles. Strickland Kneass, President,

is

Pittsb

lessei

South Pittsburg,
Of the bonds,

000, besides $200,000 debt certificates, and
arc owned by tbe Penn. RR.
Net earnings

For e:

3.720,298
4,778,210

against $65,851 in 1880.
Pittsburg d- Lake Brie.—Doc. 31, 1881, owned from Pittsburg,
Youugstowu, O., 68 miles; branch line to Newcastle, Pa., 2 miles;
70 miles. Opened Feb. 1,1879. Oil Dec. 31, 1881, equipment notes
temporary loans were $403,990. Gross earnings in 1880,
184,601 net, $442,244. In 1881 gross, $1,041,063; net, $151,028.
262,500 62, 101; V. 34, p. 69.)

.

-(V. 32, p. 155, 498 ; V. 34, p. 292, 345.)
Pittsburg <C Connellsville.—Pittsburg, Pa.,

profitable to the lessees. Of the

$4,054,000 were outstanding Dec.

23,297,655 23,062,567 23,219.144 23,606,911
Of which $486,450 common and $3,500 preferred is Steub. A Ind.
Total liabilities.

j

58,398

317,855
660,293
1,202,433
541,607
237,543

23,297,655

Total assets

canceled.

Al

discovered in these Tables,
Bonds—

Rate per

$13,036,500

1,000

construction bonds.
gold

Outstanding

1,000

•

468
468
468
468
468
468
468
468
468
468
463

but may
be made pay¬
able to order.

(f- Charleston—1st mortgage,

Pittso.

—

pon,

Pittsburg, Ft. Wayne A Chic,
Equipment bonds (renewed)

Value.

Amount

1867
1872-4
1875
1880
1881
1868
1873
1864
1864

.468

B
C
I)
E
F
G
II
I
K
L
M

do
do
do
do
do
do
do
do
do
do
elo

Par

ioo

140
468
468
468

yr.)..

(series A)

Size, or

1,731,000
1,259,100
11,795,050
1,000,000

149
10

Pittsburg Ft. Wayne <£
1st mortgage
do
1st
elo
lSu
do
-1st
do
1st
do
1st
do
2d
do
2d
do
2d
do
2d
do
2d
do
2*1
do
3d

Date
of
Bonds

26
112

Baltimore—Stock

Holliday’s Cove HR. mortgage

immediate notice of any error

1872-4 $1,000
1872

'

Philadelphia Wilmington <£

[Vol. XXXIV.

INTEREST OR DIVIDENDS.

DESCRIPTION.
For

STOCKS AND BONDS.

RAILROAD

xlviii

of first mortgage bonus.

1875,
ticut
were

expei
Pr<j
is pre
In 18

$88,1
Prc
to \V<

flockc
1881

have
share

Yean
1876
1877
1878
1879
1880

“(V.
Rfi

$1,5(
five

i

Subscribers

favor by giving immediate notice of any error discovered In these
INTEREST OR DIVIDENDS.

will confer a great

description.

Date Size, or
Par
of
Road. Bonds Value.

Miles
of

headings, Ae.* see notes
rirst page of tables.

of column

cm
k or explanation

on

Port Jervis

•

d Monticcllo—Stock

■

Port lloyal'd A ugusta -1st mortgage
General mortgage bonds, coup
Portland d Ogdensb.—1st mort., gold
Mortgage (for $3,300,000)

1876-90.

d

coupon

•

*"*
coupon
.

consolidated (for $2.000.000)
mortgage, gold

let mortgage,

-

. .....

-

•

•

•

....

1877

•

.

•

•

•

1,000

1872

100
1877
1873
1862
1864
1873

.

•

•

1,000
1,000

ibo

e°lslcrea-

branch, 1st mortgage.
Northwestern, N. C., 1st mort.. guar"
Richmond York River A Ches., 1st mortgage!
do
do
2d mortgage
Piedmont

....

48
29
38
38

*
*

1,000
1,000
1,000
1,000
1,000
1.000

Augusta.—Line of road, Port Roj^al, S. C., to Augusta, Ga.,
Formerly Port Royal Railroad. Defaulted Nov. 1, 1873,
and receiver appointed May 9, 1875. Sold in foreclosure June 6, 1878,
and purchased for the bondholders, who organized this company. The
Georgia Railroad was endorser on $500,000 of the old bonds. The stock
is $7o0,000, and in June, 1881, a controlling interest was purchased by
Central Georgia RR. parties. There are also $50,000 equipment bonds.
d

report for 1880 gave

follows:
earnings, &c., compared with 1879, as1880-81.
1879-80.

$356,085

$3o9,634

earnings

Gross

241,198

222,634

Operating expenses

$87,000
$111,887
cargoes.” (V. 32, p. 356; V. 33, p. 589, 621.)
Portland d Ogdensburg.— Sept. 30, 1881, owned from Portland Me.,
toFabyans, 91 miles. It reaches the Vermont Division (now St. Jolmsbury * Lake Champlain) by using 14 miles of the Boston Concord *
Montreal RIt. and a 3-mile link of its own. The city of Portland owned
a controlling interest in the stock, which is
$1,052,186. A suit in
equity was begun by holders of the 1871 mortgage in February, 1881,
but contested l>y the city. Earnings of this road for live years past
Net

earnings

were as

—

follows:

Gross

Miles.
94
94
94
94
94

Years.
1876-7

1877-8
1878-9

1879-80
1880-81

-(V. 32, p.206; V.34, p.

Net Earn’gs

Earn’gs.

$69,431

$262,764

88,574
92,295
102,695

270,783
271,493
292,659
304,245

91,077

113 )

Portland d Rochester—Sept. 30, 1881, owned from Portland, Me., to
Rochester, N. H., 53 miles. The old company was put in the
a Receiver February, 1877.
Foreclosure suit was begun, but a
ment was made iu 1881 by which all the old stock
bonds were con¬
verted into the stock of the new company. Gross earnings in 1879-80,

hands of
settle¬

and

In 1830-81 gross, $168,328 ; net, $15,034 (V.
32,p. 181; V. 33, p. 461; V. 34, p. 175.)
Portland Saco d Portsmouth.- -Portland, Me., to Portsmouth, N. H., 51
miles. It was leased May 4, 1871, t# the Eastern Railroad, Mass., at 10
per cent, on stock. Lease rental changed May 21, 1877, and now 6
$162,633; net, $24,728.

per cent. No debt.
Portsmouth d Dover.—Portsmouth,

3

N. H., to Dover, N. H., 11 miles.
Opened February 1,1874, and leased for 50 years to Eastern of New
Hampshire at 6 per cent per annum on the stock. Operated now by
Eastern (Mass.) A suit as to rental was decided April, 1880. Frank
Jones, President, Portsmouth, N. H.
t

Conway.—Conway Junction, Me., to North
Conway, N. H., 71 miles. The Eastern Railroad in Massachusetts has
made a lease of the road for 60 years from December 1,1878, with a guar¬
anteed rental of $45,000 a year, which pays 4^ per cent on $1,000,000
bonds, and the stock is to receive the same dividends as the stock of the
lessees. Total stock, $1,150,300, of which lessees own $551,300.
Poughkeepsie Hartford d Boston.—Sept. 30.1880, owned from Pough¬
keepsie, N. Y., to New York State Line, 47 miles. The Poughkeepsie &
Eastern RR. was opened in 1872, and was sold in foreclosure May 15,
1875, and the. present companv organized. It connects with the Connec¬
ticut Western RR.
The stock is $350,000. In 1878-9, gross earnings
were £51,844 and expenses $43,329.
In 1879-80, earnings, $56,101;
expenses, $50,012. G. P. Pelton, President, Poughkeepsie, N. Y.
Providence d KJjJ! I'll field.—Providence, R. I., to Pascoag, 23 miles. It
Snrina
Portsmouth Great Falls d

to
»*

-

.

u.

proposed to extent the road to Springfield, Mass. Stock is $517,150.
SDl
gi’oss earnings were $79,988 : net, $39,302; in 1879-80, gross
WWjUo, net. $39,304. William Tinkham, President, Providence, R. I.
is

*

-

-

VMV

-~

iuim

vvr

Worcester.—Sept. 30,1381, owned from Providence, R. I.
44 miles; branches, 7 miles; leased Milford & Woon
socKetRR. and Hopkinton RR., 15 miles; total operated, 66 miles.
In

?,ew

t^senger
Mileage.
13,592,849
13,971,108

Freight (ton)

Vears.

Miles.

—(V.32,

66
18,862,705
66
17,916,241
66
19,286,814
13.753,392
66
23,669,729
15,941,739
..66
p. 206; V. 33, p. 561*)

Mileage.

..

Raleigh

3
3
3

Earnings.

Earnings.

$904,635

$245,299

865,792
914,476

364,049

1,064,801
1,039,671

332,813
303,457

.

d Gascon..—From Raleigh to

$1,500,000. Dividend
five years past

were as

of 3 per

Weldo

,

.

cent paid October,

p

••

770,000

4L3

1.000.000
535,000
500,000

.

7
3
6
8
5
7
7
4
7
7 g.

2,500,000

1,212,000
820,000
650,000
350,000

350,000
7,000,000
1,925,000
4,925,000

3
6
G
G g.
G
8
6
8
6

4,000,000
1,228,100
2,960,000
4,000.000
500,000

500,000
900,000
400,000

^

97

Portland, Treas. Oilice.

J.
Boston, Office.
Portsmouth, Treas,
J.
J. Boat., Eastern RR. Co.
do
do
1).

A J. Providence,Am. Nat.Bk
A J.
Providonce, Oilice.
do
do
A J. Pliila.,Pa.,A Ral’gli.N.C.
A S. N. Y., Union Nat. Bank.
A D. Columbia, First, Nat.B’k
A J.
Pliila., Co.’s Olfiee.
A J. N. Y., Nat. B’k Com’rce.
A N. N.Y., Del. A II.Canal Co.
A J. N. Y., Treasurer of Co.
•

.

J.
M.
J.
J.
J.
M
J.

Jan." 16,1882
1, 1882
July 15, 1873

Jan.

Juno 1,

•

•

Q.-F.

J
A J.
M. A N.
J. A J.

July *1," 1892
1882

Jan. 2,
1897

Jan., 1898
1912
June, 1884
July 1, 1893
Mch. 1,

1, 1882
Nov., 1921

Jam

July 1, 1920

! 15,* 1882
1880

N.Y.,Mercantile Nat.Bk.
do
do
do
do
Richmond.

do
do
do
do

A O.
A O.
A J.
A N.

A.
A.
J.
M.

1937

•

-

J.
J.

Nov., 1901

do

do

■

1,’85&’90
1915

April 1, 1927
1888

1902
1894
1890

do
do

Columbia to Sinking
w
^
Lancaster & Reading Railroad, leased, 15
miles; total operated, 67 miles. Stock, $958,268. The road is controlled
and operated by Philadelphia & Reading, but accounts kept separate.
The 1st mortg. 7 per cent bonds, due 1882, were extended 30 years.
Gross earnings in 1881, $391,184: net earnings, $138,794; payments for
interest and rental, $94,500.
(V. 34, p. 282.)
Reading d Columbia.—From.

Rensselaer d Saratoga.—Sept. 30,1880, owned from Troy to Whitehall,
N.Y., 73 miles; branches, Albany to Waterford, 12 miles; to Green Island,
1

mile; to Glens Falls, 6 miles; to

Castletown, Vt., 14 miles; to Rutland,

branches,

Vt., 62 miles; Ralston to Schenectady, 15 miles; total line and
183 miles. It was a consolidation of several lines, and the Delaware &
Hudson Canal Co. leased the whole March 1, 1871, at a rental of 8 per
cent on the stock and 7 per cent on the bonds. Tbe earnings given
below include the New York & Canada Railroad (150 miles). Opera¬
tions and earnings for four years past were as follows:
Net
Dlv
Gross
Freight (ton)
Passenger
Earnings, p.c
Earnings.
Mileage.
Years. Miles.
Mileage.

30,718,974
32,283.281

18,76-7.. 332
332

18,761,702

332

19,536,543

21,797,913

8

754,346
506,782

8
8

2.470,307

54,333,707

332

$660,195

1,823,360
1,911,465

1,160,344

8

$1,826,942

38,809,900

19,292.794

-(V. 32, p. 98.)

Va , with branches
by purchase the property
Co. The stock is
$5,000,000. In June, 1881, consolidation with the Ohio Cen. was voted.
See V. 33. p. 305. The road was to be extended t3 Ohio River 254 miles,
and connect with the Ohio Central. For construction of River Division
$5,000,000 bonds were offered, viz., for $10,00o cash, $8,009 in mort¬
gage bonds, $8,000 in income bonds and $10,000
in new stock. But
in January, 1882, it appeared that the Ohio Central managers had
changed, and thus defeated the consolidation. V. 32, p. 579, 613, 686 ;
V. 33, p. 12, 48,102, 154, 202, 226, 305, 685, 716 ; V. 34. p. 116. 196.)
Richmond d A llegh any— Richmond to Williamsons,
to Lexington, 250 miles. The company owns
and franchises of the James River & Kanawha Canal

Richmond d Danville.—Sept.. 18S1, owned from Richmond,
Danville, Va., 141 miles; branches, 12 miles; Danville, Va., to
boro, N. C., 47 miles; Salem Junction to Salem, 25 miles;

Va., to

Greens¬
leased: West
Point. Va., to Richmond, 38 miles; Goldsboro, N. C., to Charlotte, 223
miles; Charlotte, N. C., to Atlanta, 269 miles, and narrow gauge
branches, 70 miles; total owned and leased, 825 miles.
By ownership of a majority of the stock of the Richmond A West
Point Terminal Railway A Warehouse Company, the Richmond & Dan¬
ville Railroad Company indirectly controls and operates the following
lines of railway: Charlotte Columbia * Augusta, 191 miles; Columbia
& Greenville and branches, 226 miles; Spartanburg Union & Columbia,
68 miles; Northeastern of Georg a, 40 miles; Western N. Carolina Rail¬
road, 186 miles; Asheville * Spartanburg, 67 miles; Virginia Midland
Railway, 401 miles; total miles thus indirectly controlled through R.
& W. Pt. Ter’l R. W. Co., 1,182 miles; grand total of miles directly and
indirectly controlled by Richmond & Danville RR. Co., 2,009. The
officers are as follows: President, A. S. Buford; Vice-President, T. M.
leaving $235,259 over

interest and rentals.

The annual report for 1881
past:

published in the Chronicle, V. 33, p. 714.
The income account was as follows in four years

was

INCOME ACCOUNT.

1879-80.

1880-81

741,873

19,868

$
786,393
42,542

$
964,318
28,100
90,000
259,730

11,120
29,125

22,108
22,740

3,997
21,248

103,441
30,054

531,248

806,589

854,180

1,489,299

320,000

320,000
246,444

320,000
244,570

320,000
245,234
115,992
16,484

1878-9.
$

1877-8.

$
489,474
1,529

Receipts—
Net earnings
Prem. on bonds

Bonds R. Y. R. & C..
Bonds & st’k A. * C....
Net ear’gs R. Y.R. A
Miscellaneous
Interest

13,656

C.

miles.

itCt

Disbursements—

Stock,

Earnings for
Net

Earnings.

Rentals paid
Int. on funded

debt..

252,440

*

Dividends

'

Int. on floating
Miscellaneous.

debt.

18,995

51,200

10,604
10,451

9,745
63,005

5,475

Earnings.

$261,142
..

Jan. 1, 1899
Jan. 1, 1899
Jan., 1900

miles; branches, 12 miles;

Total inoome

Gross

Miles.

New York Office.
do

285,731

follows:

Years.




Net

Gross

J.
,T.
J.
N.

J. A
J. A
J. A
J. A

&

for $500,000 issued for improvements, and stockholders
for each four
jwve tbe right till July 1,1881, to take one new share tfc par as follows:
mires ownea
Operations and earnings for live years past
w,

187-90.

July T," 1921

..

769,000

100 Ac.

1867
1874
1882
1868
1873
1873
1880

141
141

New York.

A J.

A
A
A
A

Stocks—Last
Dividend.

Chemical Nat. Bk. July 1, 1928

....

J.
J.
J.
M.

pal .When Di e«

Payable, and by
Whom.

J. A J. N.Y.,
J.

Bond*—Prim r

729,000

....1

189

consolidated, coupon or registered
General mort., gold (for $6,000,000)
Dcbeuture mortgage bonds, cumulative

The

525,000
1,500,000

420,638

3d mortgage,

Port Royal
112 miles.

2 268,000

100 Ac.
1.000
100 Ac.
100

1871
1880

-

<•

1,000

Where

Tables.

.

6
6
6 g6 g.

1,500,000
800,000

100
100
100
500 Ac.

.

m

•

1

6 S-

500,000
724,276
250,000

Ac.
Ac.
Ac.
Ac.

...

....

m

•

-

100
100
500
100

1871

40
40
15
181
79
250

mortgage!."’.*

50

.

m

.

97

Lancaster* Reading, 1st
Rensselaer d Saratoga—Stock
Richmond d Alleghany—1st
Second mortgage
Richmond d Danville-Stock
State sinking fund loan

• •

m-m

1878
1878
1870

51
11
71
71
42
23
67

Conway—Stock.... !
Poughkeepsie Hartford d lioslon—1st and 2d mort
Providence d Spring/.—1st M. tend, by Citv Prov )
2d mortgage,

m

5212

Portsmouth d Dover—Stock

Providence d Worcester—Stock
New bonds
Raleigh d Gaston—1st mortgage
Reading d Columbia—1st mortgage,

1,000

1881

•

60
94

Portland d Rochester— Stock
Portland Saco d Portsmouth—Stock
Portsmouth Gt. Falls
1st mortgage

•

21
23
112

6 g.

2.000,000

4,000, COO
0)

When

j Payable

Cent.

$2,050,000

1,000

1878

Rate per J

Outstanding

*

•

State Line—Stock

Amount

$50

70
70

Erie—Stock
1st mortgage, gold, coupon
Pittsburg Youngstown d Chicago—Stock
Pittsburg d Western.—1st mort., g. (for $6,000,000)

Pittsburg d Lake

Pomerog d

xlix

BONDS.

STOCKS AND

KAILROAD

1882.J

Aran.,

242,245
234,511
242,478
295,051

$96,110

88,701
85,750
107,185

115,343

..

642,635
587,499
637,320
703,185
Dof.111,387 Sur.219,090 Sur.216,860 Sur.786,114
154. 367. 422, 469, 488; V. 33, p. 66, 100, 102, 125, 385,

Total disb’nts
Balance

—(V. 32. p.

.

401,413,461,491,580, 714; V.34.

p.87,178, 336,435.}

'

*

RAILROAD

pi

It

Subscribers will confer

a

Miles

explanation of column headings, &c.,
on first page of tables.

Rich’d Iredericksburg d
Dollar loan

see notes

Potomac—Bonds, ster

187-90

Date
of
of
Road. Bonds

Size,

m

9

.

$..

1870
1875

1,000
500 &c.

1881
1881

1881

....

Rome Watertown d Ogdensburg—Stock
1st sinking fund mort, Wat. & R. (extended)
General mortgage, sinking fund
2d mortgage
Consol, mort., convert, till July, '79, coup
-

Syraouse Nort hern (gold)

Rutland—General mort. (8 per cent, reduced to 6)..
New 2d mort. in excli. for equipment bonds, «fcc.

Sacramento d Placcrrille -1st mortgage
1st mortgage (S. & P. RR.)—

(~

Saginaw Valley d St. Louis — 1st mortg., coup
St. Johnsbunj d L. Champlain—1st M.,coup. o
or
St. Joseph d: St. Louis—Stock
St. Joseph d Western—1st M. St. Joseph*

....

reg.

2d mortgage
Kansas & Nebraska, 1st mortgage
Kansas & Nebraska, 2d mortgage
Graud Island, 1st mort....
Hastings
St. Louis Alton d Tore Haute—Stock
Pref. stVk (7 cumulotive)

48
34 Lj
120
76
112
112
115
115
25
121
....

.

.

.

.

25,000

1,000
1,000
1,000

r

....

1876

1,000
1,000
1,000
1,000

1876
1876
1876

....

....

1,000
....

....

100
100

moderate

dividends and the debt account is
very small.
and earnings for live years past were as follows:

1826-7

25

18(77-8

25
25
25

Passenger
Mileage.
2,097,594
2,016,684

Freight (ton)
Mileage.
1,576,263

2,176,390
2,281,321

25
2,457,617
—Y. 33, p. 623.)
Richmond d West Point Terminal

1,594,670
2,047,436
2,465,878
2,746,449

Gross
Net Div.
Earnings. Earn’gs. p.c.

$137,116
140,069
154,622

$47,271
62,553
73,071

164,198

79,099

185,905

85,926

Railway d Warehouse Go.—This

com-

t

by ownership of a majority.
In April, 1882, the stock was increased from
$5,000,000 to $i 5,000,000,
the old stockholders taking two new shares at $25
per share for each old
share owned. Its stock was placed on N. Y. Stock
Exchange in Nov.,
1881. and the balance sheet was published in the Chronicle, V 33,
p.
589. The company owned the following stocks, viz.;
$2,550,000 Rich¬
mond & Danville Extension Co., $120,000 Northeastern
Railroad of

Georgia, $3,166,300 Western North Carolina RR., $100,000 Knoxville
<fc Augusta RR., $1,302,400 Charlotte Columbia &
Augusta RR., $518,000 Virginia Midland Railway. $1,001,000 Columbia & Greenville
RR.;

and the following bonis: $2o0,000 Riohmond & Danville
general mort¬
gage 6 per oeut«, $100,000 Knoxville & Augusta 1st mort. 6 per cents,
$868,000 Spartanburg & Asheville 1st mort. 6 percents, $850,000 West¬
ern North Carolina con. 6
per cents, $15,700 miscellaneous township
bonds. (V. 33, p. 589; V. 34, p. 379, 403.)
Rochester d Gcnessce Talley— Avon to
Rochester, N. Y., 18 miles.
Leased July 1, 1871, in perpetuity, to Erie
Railway, and now operated
by New York Lake Erie & Western. Rental, $34,012. James
Brockett,
President, Rochester, N. Y.
Rochester d

Pittsburg.—Dec. 31, 1880, owned from. Rochester, N.Y, to
Salamanca, N. Y., 108 miles. Formerly Rochester & State Line, which
was opened May 15,1878. lu Feb., 1880.
Sylvanus J. Macv, of Rochester,

appointed Receiver of the company. The road had been
largely
assisted by the City of Rochester. On Jan.
8, 1881, the road was sold,
mid purchased by Walston H. Brown, of New
York, for $600,000, and
was reorganized as the Rochester &
Pittsburg, with capital stock of
was

$8,000,000 (increased May, 1881, to $4,000,000). In
November, 1881,
an important consolidation was made.
See V. 33, p. 623.
For every
$10,000 old bonds the Rocli. & Pittsli. gives $5,350 1st mort.. $7,8"0 iiioome bonds, and option to take
$5,000 stock upon payment of $500.
See plan in V. 31, p. 651. In
August, 1881, to extend 120 miles to
100 shares had the

right to subscribe
new mortgage bonds, $8,000 in new
incomes and 150 shares of new stock. In
December, 1881, the hold¬
ers of income bonds were ottered
preferred stock in place of tlio income
bonds. Gross earnings in 1880,
$255,832 ; net, $34,693. In 1831 gross
for eight months, $170,592; net, $10,987.
(V. 32, p. 71, 156, 184,'437,
544 ; V. 33, p. 178, 623, 642; V. 34, p. o 8.)
Rock Island d Peoria.—Rook
Island, Ill., to Peoria, Ill., 91 miles. This
is the Peoria A Rock Island, sold in foreclosure
of the first mortgage

April 4. 1877, the bondholders becoming the purchasers.
Capital stock,
$1,500,000. Gross earnings. 1879, $387,580; ret earnings,
$89,833, out
a 5 per cent dividend was
paid on the stock.

of which

Rome Watertown d

Ogdensburg.—Sept. 30, 1881,

owned from Rome to

Ogdensburg, 141 miles; branches: To Cape Vincent. 24 miles; to Pots¬
dam, 24 miles; Oswego to Lewiston, 146 miles;
Sandy Creek to
Syracuse, 45 miles; leased Oswego & Rome Railroad, 29 miles; total
owned, leased and operated, 409 miles. It was a consolidation
October.
1861, of the Watertown & Rome and the Potsdam & Watertown rail¬

11

roads.

The Lake Ontario Shore Railroad

was

foreclosed

1874, and transferred to this company January 15, 1875. September 22,
The Syracuse
Northern was foreclosed, aud
purchased by this company August 1,
1875. The Oswego & Rome was leased
January 1,1866, at 8 per cent
on stock and interest on bonds.
The company has been in default on
coupons of the consolidated bonds since April 1, 1878, and proposes to
lflt the nrmr
lions stand

and give, for the consolidated
mortgage new
per cent; also to fund the 33*4 peret. overdue interest (to
July, l8oz.) mio 7 per cent income bonds; to assess 10 per
cash on
st0ok to pay floating debt, and give income bonds for the cent
assessment.
Foreclosure under the consolidated
mortgage will not be necessary as
ttio Farmers’ Loan & Trust Co. received
nearly all the bonds
-Operations and earnings for five years past were as follows; deposited.

b$nd."

bearing 5




700,000

446,000
596,000

J.
M.
J.

J.

-

7

1,200,000
375,000
2,300,000
2,468,400

7

Years.

A.
J.
M.
F.
J.
J.
M.
A.

J.
J.
J.
J.

7

m

m

&
&
&
&
&
&
&
&
&
&
&
&
&

do
do

do
do

do

&
&
&

&

J. N. Y.. Corn Exoh. Bank.
J. N. Y., Farm. I*. & T. Co.
S.
do
do
D.
do
do
J.
do
do
O.
do
do
J.
do
do
N. Bost., Bk. of Redempt’n
A.
do
do
J.
Now York City.
J.
do
N. New York, 9th Nat. Bk.
0.
Boston.
New York.
J.
New York.
J.
do
J.
do
J.
do
N. Y., Office 50 Wall st.
do
do

Passenger
Mileage.

Miles.

Freight (ton)
Mileage.

409

17,549,628

409
409

—

1901

„

Jan. 2, 1882
1882 to ’86
May 1, 19X5

Jam’lV

1882

Deb. 1, 1921
Feb. l. 1921

*1880*'

26,732,738

15,199,509

24,967,418

20,517,456
16,402,043

25,914,496
43,538,148

17,417,353

45,887,851

From Bellow’s Falls, Vt., to

Jan. 1,1900

July 15,1875
Sept. 1,
Deo. 1,
Jan. 1,
July 1,

1910
1891
1892
1904
July, 1901
Nov. 1, 1902
1898
1875
1907

May 1, 1902
Oot. 1, 1910
r

Jan.
Jan.
Jan.
Jan.

(?)

1,
1,
1,
1,

1915
1915
1915

1915

May 20,1882

Gross

Net

Earnings. Earnings.
$1,248,842 $336,708
1,203,786
350,747
1,143,288
1,467,894

1,510,442

—(V. 33, p. 491, 562, 687.)
Rutland

1890

d©

Richmond, Office.

.

3

409
409

1885

1899-1901

Phil.,Townsend W.& Co.

1921

_

7

1,900,000

J,
N.
J
O.
N.

London.

Richmond, Office.

....

J.

6g.

1,000,000
1,900,000
1,200,000

&
&
&
&
&

Stocks—Last'
Dividend.

....

7
7
7

1,500,000

J.

....

10
3
7

1,500,000
400,000

Where Payable, and by
Whom.

J. & J. N.Y.. by N. Y.L.E.&W.Co
F. & A. N. Y., Union Trust Co.

....

7
6
5
10
6
8

<fe

Various

7

418,500
1,021,500
1,000,000
5,500,000
500,000

308,648
487,738

284,088

Burlington, Vt., 120 miles.

This
road has been through many
changes. It was leased to the Central Ver¬
mont in December, 1870, for 20 years, hut the lessee
became insolvent,
and Anally a modification of the lease was
made, giving $250,000 per
year as a minimum rental and $8,000 for organization
expenses. The
bondholders agreed to accept 5 per cent bonds in
exchange for equip¬
ments and 6 per cent bonds in lieu of 8
The common stock is
per cents.
stock

syudioat© controlling several stocks

Brookville. stockholders of each

J.

i

$2,480,600 and preferred $4,000,000.

§any was It is the auxiliary corporation of the Richmond & of March
1880. incorporated by an act of the Legislature of Virginia Danville

$11,400 cash and take $6,000 in

When

i

5,293,900

100 &c.

Richmond d Petersburg.—Sept. 30, 1881, owned from Richmond to
Petersburg, Va.,
miles; branch, 2 miles; total, 24^ miles. The road

Miles.

6
3
8

’

150,000

100
100 &c.

S406*927; net, $208,740. 2 per coiit paid in January, 1382. (V. 32, p.
21.)

Years.

[Vol. xxxit.

Payable

J.
M.
J.
A.
M.

6 <fc 7

2,400,000
3,200,000
160,000
1,500,000

100 (fee.
100 &c.

tio©, 83 miles. In Nov., 1881, there wore voted dividend certilicates for
$755,039 to be issued t< holders of common stock (70 per cent on eaoh
share), to represent money spent on the property out of earnings. The
oomrnon stock is $l,03o,100 and guaranteed stock is
$500,400. Gross
earnings in 1879-80, $330,361; net, $155,718; in 1880-81,
gross,

Operations

f•

6 & 7
8

1,870.000

100
100 &c.
500 &c.

....

Fredericksburg d-Potomac— From Richmond, Va., to Quan-

earned

1876-90

6

•

6 g.
6

....

1878
1855
1861
1872
1874
1871
1872
1878
1855
1877
1872
1880

Cent.

3
6

....

t

•

15,000,000
555,200
1,000 '
1,300,000

i’oo

120

75,000

Rate per

1,000
1,000
1,000

•

-

.

1881

108
91
409
97
190
190
409
45
120
120

300,000
1,009,300
125,000

ioo

120

Rock Island d Peoria—Stoofc
1st mortgage

$58,216
316,594

••

150,000

108

Equipment bonds

Amount

Outstanding

.

25
25
25
100
18

Now mortgage
Richmond & West Pt. Ter. R. d IT. Co.—Stock...
Rochester d Genesee Valley—Stock
Rochester & Pittsburg.—1st mortgage
Incomes (non-cumulat ive)
1st mortgage, extension, gold
Iuoome bonds

has

bonds.

INTEREST OR DIVIDENDS.

|

or

Par
Value.

• • • •

Coupon bonds of 1890
Coupon bonds of 1901
Richmond d Petersburg—Stock
1st mortgage, coupon

Richmond

and

great favor by giving immediate notice of any error discovered in these
Tables.

DESCRIPTION.
For

stocks

February, 1882.

V. 33, p. 154.)

1 per oent paid on preferred

Sacramento d Placerville.—Sacramento, Cal., to
Shingle Springs, Cal.,
48 miles. This was a consolidation of the Saoramento
Valley and the
Folsom & Placerville railroads, April 19, 1877.
Capital stock, $1,756,000. Gross earnings. 1880, $132,000; net
earnings, $60,278. Leland
Stanford, Pres dent, San Francisco.

Sagviaw Valley d St. Louis—From Saginaw to St. Louis, Mich., 35
Road opened January, 1873.
Has a traffic guarantee from
Michigan Central. Capital stock, $264,804. In 1878, gross eamingi
were $84,952; net $51,967.
Interest payments, <fcc., $53,728. In July,
1879, management was transferred to the Detroit Lansing & Northern.
St. Johnsbury d Lake Champlain—This
was the Portland & Ogdengburg, Vermont Division, and was reorganized under this title in 1880.
Preferred stock, $1,298,000; common stock, $2,550,000. Net
earnings
year 1880-1, $51,667.
(V. 32, p. 145, 336, 422; V. 33, p. 202, 327.)
miles.

St. Joseph d St.
Present company

Louis.—St. Joseph, Mo., to Lexington, Mo., 76 miles.

is successor to the St. Louis & 8t. Joseph Railroad, sold
foreclosure February 8,1874. Has no funded or floating debt. The
St. Louis Kansas City & Northern took a lease of the road for 99
years
July 1,1874. The terms of the lease are an annual payment of $35,000
for five years and then 30 per cent of gross
earnings, hut $25,000 guar¬
anteed. N. E. Gouldy, Treas., 7 Murray St., N. Y.
m

St. Joseph d Western..—Line of road: East Division—West St.
Joseph
Kan., to Marysville, Kan, 112 miles; West Division—Marysville, Kan.,
to Hastings, Neb., 115 miles;
Hastings & Grand Island road, 25 miles;
total, 252 miles. This is a reorganization of the former St. Joseph &
Denver City road, which went into the hands of a Receiver in 1874
and was sold in foreclosure in November, 1875.
On the foreclosure
of the two divisions two companies were
organized, the St. Joseph
& Pacific and the Kansas & Nebraska, with bonds as above. These
were consolidated as fet. Joseph & Western, the stock is
$4,100,000,
par $100. The present bonds have no lien on lands, as the land
errant of 300,000 acres was put in hands of trustees for the benefit of the
holders of the old land scrip of $2,250,000; in June, 1880, a dividend of
12^ per cent was declared from proceeds of laud sales. On the Kansas
& Nebraska bonds the first coupon was due July, 1881. The road is con¬
trolled bjr the L nionsPacific. The coupons on at. Joseph <fc
Pacific bond*
due July, 1880, and since have not been paid. (V. 32, p. 44, 527.)
St. Louis Alton d Tore Haute—Main line from Terre Haute, Ind., to
East St. Louis, 189 miles; branches, 19 miles; leased lines—Belleville «
Southern Illinois Railroad, 56 miles; Belleville & Eldorado road, from
Du

Quoin to Eldorado. 50 miles; total, 314 miles.

This company
reorganization, February 18, 1861, of the Torre Haute Alton
& St. Louis Railroad. The Belleville & Southern Illinois is leased to this
company for 999 years from Oct. 1, 1866. The main line (St. L. Alton
& Terre Haute) was leased June 1. 1867, for 99 years to
the Indianapolis
& St. Louis Railroad at a rental of 30 per cent of the gross earnings up
to $2,000,000, 25 per cent on the next $1,000,000, and 20 per cent on
all over $3,000,000; but it was agreed that in no year should the rental
be less than $450,000. The lease was guaranteed by three other com¬
panies (See V. 26, p. 614 and 654). The lease was unprofitable and tne
solvent guarantors refused to pay more than their one-third of the aeflciency, and a suit was begun, which is still pending. In 1879-Hu tno
company recovered from the former purchasing committee, Messre*
Tilden, Butler, Sage aud Bayard, $400,000 for bonds retained by them a*
the time of reorganization. The Belleville Branch and Extension are
operated separately by this company, and earned net in 1879, $l5y,w»»
in 1880, $176,471. The Belleville & Eldorado was leased for 985 yearn
from July 1, 1880, at a rental of 30 per oent on. the gross earnings* mi*
$15,400 per year guaranteed.
The preferred stock has a prior right to a cumulative dividend oi /
cent before any is declared on common. It is also convertible into oour
mon at par; but shall not receive
any dividend as common stock ior v
time it was held as preferred. In January, 1881. the company deem
3 per cent in cash on the preferred stock and afterward settled me
maining 55 per cent of accumulated dividends by the issue of mco
bonds. (V. 32, p, 147, 336, 467, 569, 579, 641; Y. 34, p. 461.) .
was

a

RAILROAD STOCKS

1883.]

on

let

first pag

mortgage

2d mortgage, preferred
2d mortgage, preferred
2d mortgage, income

headings, Ac., see

of tables.

(senes C)
(series D)...

Date
Miles
Size, or
Amount
of
of
Par
notes
Outstanding |Utate per
Road. Bonds Value.
1
Cent.

r ^
ftcc

207
207
207
207

u

gs’Scg

....

®

....

c

^

O

Equipment mortgage

u

cumulative
— 1st M . convertible till ’87
Si\ Lou is Keokuk d N. W. Stock ($1,350,000 is prof.)
ist mortgage

Income bonds, not
St L Hannibal d

Keok

Income

bonds

Louis <f: San Francisco — Stock, common
Preferred, 7 per cent, not cumulative
1st preferred, 7 per cent, not cumulative

St

1st mortgage

2d mortgage

(South Pacific), gold, (land grant)...
bonds, A

do
do

Equipment mortgage, gold
Mortgage on Mo. & Western RR.,
Trust bonds
St. Louis Wichita

....

50
135
135
135
633
633
633
293

B, gold
C, gol t

do
do

discovered in these Tables.

INTEREST OR DIVIDENDS.

DESCRi I TION.

explanation of eolumu

BONDS.

confer a great favor by giving immediate uoi!ee of any error

Subscribers will

For

AND

'-84

gold

....

A Western

....

gold ($30,0(X>,000), coup, or reg
St. Louis Texan d Guff— 1st mortgage
Income land grant bonds
St Louis Vandalia d Terre Haute—1st M. s. f. guar
Gen. rnort.,

2d mort., sink, fund ($1,600,000 guar.)
St. Taut d Duluth— Preferred 7 per
Common stock
1st mort. bonds, coup, or reg
St. TauL Minneapolis &
2d M., and 1st on road from St. Paul to

cent stock

Manitoba—Stock

Watab

land grant sinking fund, gold
gold
Dak. Ext., 1st mort., gold ($12,000 per mile)
1st mort.
2d mort.,

—

All
....

....

158
158
169
169
169
861
76
656
656
315

1864
1864
1864
1864
186 t
1870
1881
1877

$1,100,000

$1,000

1,100,000
1,400,000
1,400,000
1,700,000

500 Ac.

1,000
1,000
500 Ac.
*

300,000

1,000

1,367,000

....

72,000

100 Ac.

1876
1876

*

7
7
7
7
7
10
6
7

J.

6

J.

2,700,000
1,620,000
1,080,000

.

....

1,000
1,000

....

.

....

1868
1876
18/6
1876
1880
1879
1880
1879
1881

.

.

500
100
500
500

4,500,000
7,144,500

.

Ac.
Ac.

500,000

2,766,500
2,400,000

Ac.

Ac.

1,000

639.000

1,000
1,000

1,100,000

1,350,000
2,000,000

....

1,000

750,000

1,000

....

2,500,000
2,500,000
1,899,000
2,600,000

1.000

....

1867
1868

1,000

....

....

....

....

1881

-

1,000

1,000

1862
1879
1879

1880

1,000
100 Ac.

1,000
1,000

Hannibal d Keokuk.—From Hannibal, Mo., to Keokuk. This
is a new road under construction. To be completed to Wcntzville (St. L.
W. & P. RR.) by Sept. 1, 1881
The bonds were offered in New York,
March, 1880, at $12,000 per mile.
St. Louis

J. N.

A

M. A N.
M. A N.
M. A S.
June 1
A. a O.
A

pal,When Due.
Stock 8—Last
Dividend

Payable, and by
Whom.

1804
1894
1894
1894
1894
1880
Jan. 1, 1804
Oct. 1, 1917

Y., Office 50 Wall St.
do
do
do

do
do
do
do
do
do

A. A 0.
F. A A.

3i*

N.

do

do
do

Y., Nat. City Bank.

6
6
4-6
4- 6
7
o
6
6
5
6

g.

g-

J.

4,055,407
1,000.000
15,000,000
366,000
6,500,000
8,000,000
3,780.000

2.

g.

g.
g.
g.

7
7

1%
5

F.
J.
M.
M.
M.

Jan. 18. 1882
Feb. 1, 1882

Y., Company’s Office.

N.
N.
D.
A.

A J.

July, 1888

do
do
do

do
do
do
do
do
do
do
do
do

Nov.
Nov.
Nov.
June

do
do

1, 1906

1, 1906
1906
1, 1895
1.

Aug. 1, 1919

do
do
do
do

1920
1919

July 1, 1931
Jan. 1, 1897
M»f 1. 1898

J. A J. N. Y„ Third Nat. Bank.
do
do
M. A N.

Q-M. N.Y., Central Trust Co. Mch. 17,1882
New fork.

F. A A.

312
7
7 g.
6 g.
6 g.

A. N.
J.
N.

1, 1906
1, 1906

Jan.
Jan.

J.

.

A
A
A
A
A
J. A
F. &

312

5.126.500

100

....

Where

Bonds—Princi¬

*

°

10,500,000
10,000,000

....

When

Payablt

m

m

m @

A
A
A. A
M. A

J.
J.

Aug. 1, 1931
Feb. 1, 1882

-

N.Y., J.S.Kennedy A Co.

do
do
J.
J. New York and London.
do
do
O.
New York Agency.
N.
-

■■■

1

April,

1892
1909

Oot.
Nov.

1, 1909
1, 1910

—

1880.

Interest

$
821,492

101,254

109,865

157.500

accrued, not due, to Dee. 31.

Dividends

1881.

$
7051950

Disbursements—
Interest on debt.

315,000

162,575
105,022
la., to St. Peters, 135 Due leased lines
miles. The Mississippi Valley & Western Railroad was sold April 14,
1875, and this company organized July 1, 1875. Road completed in
1,408,932
Total disbursements
1,069,726
Autumn of 1879. Income bonds above were originally a part of
184,273
$2,750,000 first mortgage bonds, but by agreement they were changed Balance, surplus
148,074
into their present form. Gross earnings year ending Dee. 31, 1881,
$368,435; gross expenditures, $488,132, including $88,876 for new -(V. 32, p. 17, 44, 286, 437,686; V. 33, p. 528; V, 34, p. 62, 99, 116,
147,196,313.)
work, and $30,821 loss by floods. (V. 33, p. 256.)
St. Louis d San Francisco.—Dec. 31, 1881, owned from Pacific to
St. Louis Texas d&ulf— Proposed line from Marshall to Sabine Pass
Seneca (main), 292 miles; branches—Granby branch, 2 miles; Orongo, and Galveston, Texas. Bonds offered in London in September, 1881.
Mo., to Joplin, 12 miles; Joplin to Galena, 47 miles; Carbon Branch, 3 purchasers receiving with each $1,000 bond a $1,000 income bond and
miles; Peirce City to Oswego, Kan., 73 miles; total owned, 429 miles; $500 in stock. (V. 33, p. 218.)
leased and controlled—Oswego to Wichita, 145 miles; Plymouth to Brent¬
St. Louis Yandalia d Terre Haute.—October 31, 1881, owned from
wood, Ark., 88 miles; Seueca to Vinita, I. T., S3 miles; total leased aud
controlled, 266 miles; total operated Dec. 31, 18-1, 695 miles. This East St. Louis to Indiana State line, 158 miles. Road opened July 1,
company was organized Sept. 20, 1876, as successor to the Atlantic A 1870. It is leased to the Terre Haute A Indianapolis Railroad at a rental
Pacific RR. The latter was chartered by act of Congress July 27.1866, of 30 per cent of gross earnings. For the year ending October 31, 1881,
and embraced the South Pacific RR. (originally the Southwest Br. of the the total income was $46y,824, and the year’s charges against this sum
Pacific RR. of Mo)., which was consolidated with the Atlantic & Pacific were $349,042; leaving a surplus for the fiscal year of $120,782,
road Oct. 25, 1870.
The South Pacific Railroad had a grant of lands which was applied to tlie repayment of advances heretofore mode to
by act of Congress June 10, 1852, of 1,161,205 acres. The Atlantic & this company by the lessee, leaving the balance to debit of profit and
Pacific received about 507,000 acres of land.
The South Pacific lands loss, October 31, 1881, $91,019. Loss to lessee in 1879-80, $19,822,
showed 520.497 acres on hand January 1,1882. Atlantic & Pacific lauds in 1880-81, $281,080. The annual report for 1880-81 was published
showed 187,963 acres ou baud at same date, aud for these lands iA. A P.)
in the Chronicle, V. 34, p. 174. The first mortgage and $1,060,000
the second mortgage bonds, class B, are receivable in payment.
The of second mortgage bonds are guaranteed by the lessees and
interest on bonds “B” and “C” is 4 for 1882, 5 for 1883 and 6 after¬ also by the Pitts. Ciu. A St. Louis RailroajR and the Col. Chic. A I. C. Co.
ward. The trust bonds of 1880 are secured by deposit of 7 per cent The stock is $2,383,016 common and $1,544,700 preferred. The pre¬
mortgage bonds of the St. Louis Arkansas A Texas RR. and Joplin RR. ferred was issued for income bonds ($1,000,000) and for deficiencies ,
The general mortgage of 1881 for $30,000,000 is made to the United made up by the lessees.
Thos. D. Messier, President, Pittsburg, Pa.
States Trust Company as trustee, and enough reserved to take up all Operations and earnings for five years past were as follows:
prior debt. First preferred stock has prior right to 7 per ceut (nonNet
Gross
Freight (ton)
Passenger
oumulative); then pref. entitled to 7 per cent; then common entitled
Earnings.
Earnings.
Miles.
Mileage.
Mileage.
to 7; then all classes share in any surplus. The pref. and 1st pref. also Years.
$207,067.
by tlieir terms hod a precedence of any mortgages made subsequent to 1876-77
158
50,618,136 $1,052,208
14,827,425
St. Louis

Keokuk d Northwestern.—Keokuk,

,.

the creation of said stocks.

entered into with the
line to the
Rio Graude,

On January 31, 1880, an agreement was
Atchison Topeka & Santa Fe for construction of a through
Pacific coast on the parallel from Albuquerque, on the
to San Francisco.
The road was to cost $25,000,000, and to be known
as the Atlantic & Pacific Railway.
Three trustees—John A. Stewart,
of the" U. S. Trust Company, Warren Sawyer and H. P. Kidder,
—were

appointed to hold the stock in

of Boston
trust. The voting power was to be

vested in six directors of each road. The old companies were to preserve
their separate organizations, and the gains of traffic on the
to be divided in equal proportions. The two companies divided the issue
bonds ($25,000,000). The road was partially built, when in January,

extension
of

large interest in the stock was acquired by C. P. Huntington
and Jay Gould, and this changed the projected plans for extensions,
and arrangements were made subsequently for building only to the
Colorado River to n inaction with the Southern Pacific.'
The annual report for 1881 (Chronicle, V. 34, p. 313) had the followin:
1882,

a

1880.
Miles operated

1881.

bJd

061

11,886,882
3 57 cts.

18,529.140

Operations—

Passengsr mileage

Rate per passenger per mile

Freight (tons) mileage

109,178,009

Average rate per ton per mile

1-89 cts.

1*99 cts.

Passenger

3 59 cts.

123,867.774

424,102

Earnings—

Fretefit

2,180,333

Mail, express, Ac

93,936
2,698,371

Operating

expenses—

Maintenance of way, Ac...
Maintenance of equipment,
xransportatiou expenses...

General

$
665,331
2,342,610
152,582

$

and miscellaneous,

439,582
376,199
302,184
42,322
123,766

;

3,160,523
447,578
437,899
382,383
93.988

103,231

222.116

152,887

1,506,169
1,192,202

1,617,966
1,542,557

Total gross earr
_iVef receipts—

2,698,371

3,160,523

earnings...

1,192,202

1,542,557

extraordinary

Ret

Gther receipts..

Total net inoome




25,598

50,648

1,217,800

1,593,205

1877-78
1878-79
1879-80
1880-81

.

.

.

.

-(V. 32, p.

158
158
158
158

13,092,370
12,974,971

58,722,821
16,421,189

1,054,627
1,244,643

96.544,226
1,552,801
1,565,515
107,089,535
19,161,449
71, 120, 289; V. 33, p. 357; V. 34, p. 62, 174.)

17,309.919

158,686
294,272
446,011

188,574

St. Paul d Duluth.—Line of road, St. Paul, Minn., t« Duluth, Minn., 156
miles; branch to Knife Falls, 6 milvs; leased; Taylor’s Falls & Laks
Sup., 20 miles; total, 182 miles. This was the Lake Sup. & Miss RR.,
opened Aug. 1,1870, and leased to the No. Pac. Default made Jan. 1,’ 75,

and reorganized June27fch.
lands at
Three
preferred has
income from
receive 6
cent;
pref. stock. The
improvements in 1881, H
to the

and road sold in foreclosure May 1,1877,
The preferred stock is received in payment for
par.
shares of common stock have one vote, and each share of
one vote.
Pref. stock has a prior right to 7 per cent from “
all sources, including laud sales;” then common to
per
then remainder of income to be applied to purchase of
net income since 1878 having been spent on
was determined to issue lo per cent of new preferred stock
preterred stockholders of record Nov. 1, 1881, payable Nov. 14, to repres¬
ent the cash so spent in improvements. The company
a
of which about 1,276,000 acres remain unsold. In
gross

land grant,
earnings
$93,182. In 1881, gross, $732,630; net
419, 469, 686; Y. 33, p. 155, 329, 359r
has
1880

were $668,777; net earnings,
income, $117,671. (V. 32. p.
386, 491; V. 34, p. 342, 377.)

30, 1881, owned from St.
miles; Minneap¬
38 miles; Morrte
Durbin, 48 miles; Bamesmiles; total, 861
the St. Paul A Pacific RR.,.
Railroad, the Red River*
Valley RR., and the Red River & Manitoba RR. The company took
2,000,000, acres of land as successor to the roads above named, which;
were foreclosed.
The small amount of the two mortgages first above

St. Paul Minneapolis d Manitoba.—June
Paul to St. Vincent and Northwest boundary, 393
olis to Barnesville, 237 miles; Crookston to Opata,
to Brown’s Valley, 47 miles; Breckenridge to
ville to Moorhead, 23 miles; Grand Fork to Fargo, 75
miles. This company was organized out of
the First Division of the St. Paul A Pacific

named is all that remains of the old bonds, and the new land-gram
mortgage is practically a first lien on the whole property at
per
mile. The proceeds of land sales are reserved by the first mortgage
trustees as a sinking fund for the redemption of the bonds at or under
105 and interest, and in March, 18s2, about $70<»,000 of bonds were
called in, the interest to cease July 1, 1882. The second mortgage
bonds do not cover the land. The company was organized May 23,
1879, under the charter of the St. Paul A Pacific Railroad. The
Extension bonds are issued at $12,000 per mile.
nKA
Annual report for the year ending June 30, 1881, mV. S3, p. 204.
Gross earnings, $3,700,851, against $2,933,108 in 1879-80; net
ings. $1,845,168, against $1,546,037 in 1879-80 (V. 32, p.
V .33, p. 25 4, 470; V. 34, p. 62, 265.)

$12,000

Dakota

123, o36>

KAILROAD

lli
Subscribers will conrer

a

explanation of col mini headings, Ac., see notes
on

first page of

tables.

Miles
of
Itoad.

Sandusky Mansfield d Newark—Re-organized stock
1st mortgage, new
San Francisco d North Pacific-Stock
Savannah d Charleston—Stock
C. A S.„ guar, by S. C
Funded int. bonds, S. A C. RR., guar, by S.
1st mortgage, Savannah & Charleston HR

116
94
111
101

Car...

Savannah F.orida d West.—Consolidated 1st mort.
Southern Georgia & Florida, 1st mortgage
do

2d mortgage

Sarannah Griffin dX.Ala.—1st mortgage
Schenectady d Duanesburg—1st M., guar. D. & II

.

Schuylkill Valley—Stock
Scioto Valley— 1st mort. (s. fund $13,000 per year).
2d mortgage (sinking fund, $5,000 per year)
Consol, mortgage
2d consol mortgage (for $3,750.000)
Seaboard d Roanoke—Stock

Size, or
Par
Boiids Value.

101
286
58
58
63

14^
11

98
98
130

i860

Amount

Outstanding

$50

$1,072,000
2,300,000

1,000

3,750,000
1,000,000
505,000
111,800
500,000
1,730,500
464,000
200,000
500,000
500,000
576,050
3,294,000
377,000

500

1853
1868
1869
1867

500
500 Ac.

180.9

1,000

1869
1871

1,000
1,000

1874

100 Ac.
50
500 Ac.

....

1876
3 879
1880
1882

80
28

100 Ac.

1,000
1,000

603,000

100
50
500 Ac.

(0
1,301,300
869,450
2,000,000
2,270,000
3,000,000
874,500
1,000,000
200,000
1,628,000
1,628,000
450,000
4,195.520
1,242,782

7881
1
Shamokin Valley d Poltsville—Stock

1st mortgage, gold, 011 road and lands
Shenandoah Valley— 1st mort. ($15,000 per mile)-..
General mort., gold ($25,000 per mile).'.
Shenango d Alleghany—1st mortgage—
Shot'e Line (Conn.)—Stock
1st mortgage
Sioux City d Pacific—1st mortgage
2d mortgage (Government subsidy)
Somerset— 1st mortgage, gold
."

South Carolina—Stock

1st mortgage, sterling loan
1st mortgage, oollar bonds (L)
1st consol mortgage (for $5,000,000)
2d consol, mortgage

i.

28
144
144
32
50
50
102
102
25
243
242
242

242

mortgage bonds (not cumulative)
So. d No. Alabama—1st M., endorsed by Alabama.
Sterling mort., s. fund, guar, by L. A N
Income

i83
183

1871

1880
1881
1869
•

.

•

•

1880
1868

1,000
1,000

500 Ac.
100

lOOOAc.

500Ac.

500 Ac.

1871

1868
1868
1881
1881
1881
1870
1873

100
100

Various
500

779.500

3,000
1,000

3,112.725

1,000
1,000

£200

Sandusky Mansfield d Newark.—Line of road, Sandusky, O., to New¬
ark, O., 116 miles. A consolidation of several roads in 1856. Leased
February 13, I860, to Central Ohio Railroad, guaranteed by Baltimore
& Ohio, and new lease made February 23, 3880, extending to December
1,1926, with option to the Balt. A Ohio Company to renew for terms
of 20 years each. Rental is $L94,350 yearly till 1884; then $199,350
for 1884 and 1885; then $201,850 annually. It is operated as Lake
Erie division of the Baltimore A Ohio system.
In 1878-79 the gross
earnings were $639,821, and net earnings, $189,114; in 1879-80 gross
earnings, $847,221; net, $208,853.

>!(

San Francisco d Xorth Pacific.—Dec. 31, 1880, owned from Donahue,
Gal., to Cloverdale, Cal., 56 miles; branches—from Fulton, Cal., to
Guerneville, Cal., 16 miles; and .Sail Rafael to Petaluma, 20 miles;
total, 92 miles. This is a consolidation of several companies. Xu 1880

earnings were $362,179 and net earnings $157,167.

gross

s;

Savannah d Charleston.—Savannah, Ga., to Charleston, S. C., 10b
miles; Ashley River branches, 5 miles; total. 111 miles.
Formerly tlie
Charleston & Savannah Railroad; reorganized in 1876 under present
name, and opened March, 1870.
Defaulted September, 1873, and
then operated by a Receiver.
Sold in foreclosure June 7, 18S0. for
$300,000, and turned over by C. P. Mitchell, Receiver, to the new com¬
pany,

called the Charleston A Savannah Railroad.

Savannah Florida d Western.—Dee. 31 owned from'Savannah, Ga., to
Bainbridge, Ga., 237 miles; branches—extension to Savannah wharves,
2 miles; Junction Branch, 4 miles; Dupont to Live Oak, Fla., 49
miles; Thomasvillo to Live Oak, 59 miles; total, 351 miles. Alsofrom
Waycross to Jacksonville, under separate organizations, 71 miles.
This was a consolidation in 1865 of the Savannah Albany & Gulf

i 1

Railroad and the Atlantic & Gulf under the latter name. The Atlantic
6 Gulf road was sold in foreclosure of the second mortgage on No¬
vember 4, 1879, subject to the consolidated mortgage and other
prior liens amounting to about $2,705,000. The old sectional mort¬
gages yet out amount to about $221,500. The present company has

.

organized with a capital stock of $2,000,000, and a dividend of
cent was declared out of the earnings of 1880. The report of
earnings for 1881 gave $1,321,428 gross and $268,822 net. (V. 33, p.
200; V. 34, p. 147,407.)

been
7 per

Savannah Griffin d Xorth Alabama.—Oct., 1831, owned from Griffin,
Ga., to Carrollton, Ga., 63 miles. Operated in connection with Central
Railroad of Georgia. Capital stock, $1,010,900. In 1879-80 gross earn
ings were $58,860, and net earnings, $20,693; in 1880-81 gross, $79,113
net, $14,985. (V. 33, p. 559.)

.

Schenectady d Duanesburg.— From Quaker Street Junction, N. Y., to
Schenectady, N. Y., 14 miles. Formerly Schenectady A Susquehanna
Railroad, and was foreclosed in 1873; reorganized and leased in per¬
petuity to the Delaware & Hudson Canal Company. Lease rental,
$30,000 per year, paying 6 per cent on bonds. Stock, $100,500.

Schuylkill Valley.—Port Carbon to Reevesdale, Pa., 11 miles; branches,
It is an old road, and was leased to the Pliilar
delphia & Reading Railroad from September 1,1861, at an annual rental
of 5 per cent on the stock. Operations are included in the Philadelphia
A Reading reports.
10 miles; total, 21 miles.

Scioto Valley.—Columbus, O., to Ohio River, 130 miles.Enough of the
consolidated mortgage is reserved to take up the first and second mort

5,000,000, In Jan.,
second consol, passed extend the line
fage bonds. and make 1882, a vote was mortg. toto increase stocktoto
a

a

point opposite Huntington on Ohio River.

34, p. 116.)

(V. 33, p. 93, 102, 736; V.

Seaboard d Roanoke.—Line of road, Portsmouth, Va., to Weldon, N. C..
80 miles. Road opened 1851. The company has paid dividends for a
number of years. Of the stock, $1,057,100 is common, $200,000 is 1st
7 per cent guar., and $44,200 is 2d guar.
Net earnings 1879-80,

$236,452; 1880-81, $232,495.
Shamokin

Valley —This road is completed from Hagerstown, Md.,

road.
*>

The general mortgage of 1881 is at $25,000 per mile to rethe two prior mortgages and to construct new road. The stock is

t3,000,000. Frederick J. Kimball is President, Philadelphia. 469;
18*52.
(V. 32, p. 422; One

ollar paid on preferred stock February,
Y. 33, p, 48, 357.)

•7




Rate per
Cent.

When

Where

Payable, and bv
Whom.

Payable
J.

6

7
7
7
7

A

1 st N. Bk., Sandusky, O.
J. N. Y.. Union Trust Co.

M.
M.
J.
J.

2
7

f-

A
A
A
A

S.
8.
J.
J.

7
6

2^
7
7
7
4
3
7 g.
7 g0 g.
7

3*2
4L3
6
6
7 g-

M. A
J. A
M. A
J. A
J. A
A. A
J. A

New York.
do

N. Y., H. B. Plant.
do
N.
do
J. Savannah, Cent. RR.Bk
S. Del. A Hud. Canal Co.
J.
Philadelphia, Office.

J. N.Y., Winslow, L. A Co.
do
O.
do
do
J.
do

M. A N.
F. A A.
J. A J.
J. A J.
A. A O.
A. A O.
J. A J.
M. A S.
J. A J.
J. A J.
J. A J.

Dividend

Oet. l, 1875

July, 1902

Charleston, 1st Nat. Bk.

M. A N.

7

Stocks—Last'

Phil.,Townsend,W.ACo.

«V.U

Jan. l. 1889

•July. 1897
May 1, 1899

May 1. 1899

July 1, 1891

Sept. 1, 1924
Jan., 1882
Jan. l, 1896
April 1, 1894

July 1, 1910
Nov.

Philadelphia,Treasurer.
do
do
N. Y., Clark. Post A M.

i, 10/7

Sept. 1, 1899

i.’ issi

Fel)., 1882
July, 1901

Jan.

1, 1909

Philadelphia and N. Y.i April 1, 1921
N. Y., N.Bk. of Com’rce. April 1, 1889
N. H., Nat. N. H. Bank. Jan. 5, 1882
do
do
March, 1910
N. Y.,Nat. Park Bank.

U.S. Treas., at

maturity

5 g* J. A J.
London.
6
J. A J. N. Y., Nat. City Bank.
A. A O.
6
New York Agency”,
J. A J.
6
do
do
6
Yearly.
8 g. J. A J. N. Y., Drexel, M. A Co.
6 g. 1M. A N. London, Baring Bros.

Jan. 1, 1898
Jan. l, 1898
July, 1891

1882 to ’88
1882 to ’88
Oct. 1, 1920
Jan, 1, 1931
Jan. l. 1931
Jan. 1, 1890
1903

Shenanqo d Alleghany.—Line of road, Shenango, Pa., to Brady’s Bend,

Pa., 95 miles; in operation, Shenango to Hilliard, Pa., 46 miles. The
road was leased to the Atlantic & Great Western, and “ rental trust”
bonds were issued.
The company made default in 1879, but tht
October coupons were paid Feb. 21,1S80,
Shore Line (Conn.)—Line of road. New Haven, Conn., to New London,
Conn., 50 miles. Leased to New York and New Haven Railroad Com>any in perpetuity November 1, 1870, at $100,000 net per annum.
Chartered as New Haven & New London Railroad; sold in foreclosure
and reorganized under present title June 29, 1864. Dividends 3^ in
Jan. and 4 in July. Operations and earnings for two years past were
as follows: 1879-80, gross, $349,111; net, $154,486; 1880-81, grow,
$416,620; net, $212,981. ( V. 32, p. 559.)
Sioux City d Pacific.—Line of road from Sioux City, la., to Fremont,
Neb., 107 miles; leased—Fremont Elkhom A Missouri Valley Railroad,
110 miles; total line operated, 217 miles. This was one of the subsidized
Pacific roads, but the interest on first mortgage bonds has not been fully
earned, and the United States Auditor of Railroad Accounts reports no
net earnings subject to the
For the year ending June

payment of 5

per

cent to the United States.

30,1881, the gross earnings wore $628,236
anil net earnings, $133,841. The capital stock is $2,008,400, of which
$169,000 is preferred, receiving a dividend of 7 per cent per annum.
A majority is owned by Cedar Rapids A Missouri Railroad Company.
Oliver Ames, President, North Easton, Mass. (V. 32, p. 232.)
Somerset.—West Waterville, Me., to Anson, Me., 25 miles.

sion of

An exten¬
proposed. Capital stock, $377,573. Gross
1879-80, $20,098, net, $3,580; 1881, gress, $23,788; net,

7 miles to Solon

earnings,
$1,830.

South Carolina— Charleston to

Hamburg, S. C., 137 miles; branehesto

Columbia, 68 miles, and to Camden, 38 miles: total main line and
branches, 243 miles.
A receiver took possession in September,
1877, at the suit of 2d mortgage bondholders. A plan of reorganiza¬
tion to save foreclosure was made in 1880. In January, 1881, the com¬
mittee made essential modifications of the plan (see V. 32, p. 123). The
sale was made July 28. 1881. and the road purchased by W. H. Brawley for the committee, for $1,275,000 over the first mortgage debt, and

the company was reorganized with stock and bonds as "above.
In March, 1882, a circular issued by the company (V. 34, p. 345) said
that the average gross earnings per year for twelve years past had been
$1,250,435, and tne average net earnings $464,634, being 37is p. ct. At
present a little over 40 p. ct. of the earnings are net after fully maintain¬

ing the condition of the property. The present fixed interestoharges
on debt are $349,907.
Third mortgage income, 6 per cent, $2,536,312;
interest per year, $152.178; capital stock, $4,195,520 (balance of the
authorized issue is in hands of trustees for cancellation). The company
has in its treasury

for improvements new first consolidated mortgage

bonds, $133,000: new second, $356,000; new third Income, $463,*87.
Cash on hand, $214,224. And the trustees of the first consolidated
mortgage hold exclusively to take up prior lien bonds.
New first consolidated
New second

mortgage bonds

170.0W

103,282

Cash

Floating debt of company, $150,000. being loan secured by $200,000
new consolidated mortgage bonds.
The company is now engaged in
extending its tracks to the water, where it owns an extensive front
with deep water, and will immediately build wharves and freight ware¬
houses. The completion of this improvement will save one handling01
all through freight, and the drayage rendered unnecessary will alone

$50,000 per annum when the improvements are com¬
The directors of the road are John II. Fisher, lately” Receiver,
Samuel Sloan, J. J. Higginson, E. E. Chase, F. A Stout, II- C. HaW
and Henry P. Talmadge of New York, and Andrew Simonds and Yi.a.
Brawley, of Charleston.
Earnings for five years past were as follows:
Net. Earn'*
Years.
Miles.
Gross Earnings
save

the company

pleted.

243
24»
243
243
243

1877....

Valley d Pottsville.—Line of road, Suubury, Pa., to Mount

to Waynesboro, Va., 144 miles. The
company proposes to extend south¬
ward from Waynesboro to a connection with the Norfolk A Western
ti

774,000
2,536,312
391,000
5.075,040

(V. 33, p. 559.)

Carmel, Pa., 27 miles; branch to Lancaster Colliery, 4 miles; total, 31
miles. The road was leased February 27,1863, to the Northern Central
Railway Company, with a guarantee of interest on the bonds and 6 per
cent per annum on the stock.
The yearly reports will be found in the
Chronicle with the reports of the Northern Central Railroad. Geo. B
Roberta, President, Philadelphia.
Shenandoah

[VOL. XXXIV.

INTEREST OR DIVIDENDS.

Date
of

116

do

BONDS.

great favor by giving Immediate notice of any error discovered In tbese Tables.

DESCRIPTION.
For

AND

STOCKS

$426,910

$1,020,664

371,631
337,745

1,011,861
1,052,023

341,9g
500,951

1,217,756
1,233,901

-(V. 32, p. 123, 394, 420, 544, 579; V. 33, p. 125, 589,
p. 222, 345.)

623, 736;

South d Xot'th Alabama.—Decatur. Ala., to Montgomery.

miles, with

a

branch of 7 miles from Elmore to Wetumpka.

V.SJ.

Ala.,

The

1$

by the Louisville & Nashville Railroad Co., winch otfns
majority of tne stock and the whole of a 2d mort. bond issue of
000, due 1910, which are pledged with the Union Trust Company
security for the L. & N. bonds, dated June 1, 1880. 500,000 ac
of land in Alabama, largely mineral, nave been transterrea w
Louisville A Nashville Co. Common stock, $1,461,767; preferred sw

.

controlled

$2,000,000. In 1878-9 gross earnings were $873,196;
penses, $558,610; net, $314,586; deficit to Louisville A
$100,285.

operating
Nashville w

El

April,

Subscribers

-

*

South Pacific
Southern

first page

Coast—Stock

Central (N. i J—1st mortgage.

Leliig

gold ($400,000 end. by
1st mortgage interest bonds
on mortgage interest bonds
New mortgage (for $3,000?000)

Maryland—1st mortgage, gold

mort., gold,cp. or re-.
mort.,gold,land gr., cp. or rep

Monterey, 1st mortgage

Southern

Pacific of N. Mexico—Mort., coup, or reg.

Pennsylvania—mortgage, gold.annum

Southwestern (Gaj—Stock, guarant’d 7 per t
Southxmt Pennsylvan iu—Stock
1st mortgage
Smiuten Pay oil

•

it Port Morris—Stock

(red’bleaft,’88)
Sterling Mountain (N.Y.)—1st mort., Income, guar.
Stockton it Coppcropolis—1 st mort., (guar, by C. P.)

Slate Line d Sullivan—1st M.,
Staten Island—1st mortgage

oouv.

Summit Branch (Pa.)—Stock
1st mortgage bonds
Suspension Bridge <& Erie Junction—Stock
1 st mortgage

Syracuse Binghampton dt X. 1— Stock
2d mortgage (now first)
Consol, mortgage (guar. D. L. & W.)
Syracuse Chenango it New York—Funded debt
Syracuse Geneva <6-Corning— 1st mortgage

Tehuantepec

Inleroccan—1st mort. (for $0,000,000)

Terre Haute <& Indianapolis—Stock
Bonds ot 1873
Terre Haute dt Logans port.—Stock
1st mortgage, guar, by Terre Haute
Texas

fiii

BONDS.

Central—1st mortgage, gold

or
i
Par

1869
1872
1877
1877
1882
1870

Amount
Outstanding

Rate per

When

Cent.

Payable

Whom.

Dividend.

7

E. & A.

N. Y., Vermilyc A Co.
N. Y.,Nut. City Rank.
N. Y., Vermilyc A Co
N. Y., Nat. City Bank.

Aug. 1, 1890
Mar. 1, 1882

1,000
lOOOAc.
210 Ac.
210 Ac.

575,050
42,000

(?)

....

1,500.000
500,000
9,604,000

....

....

384
712
15
167
24
257
44

’79-’80
1875
1880

500 Ac.
1,000

1881

1,000
....

.

.

.

.

.

.

....

.

.

.

1,000

3,892,300
546,150

....

1,000

962,000
989,000
200,000
300,000
476,000
500,000
4,010,350
1.000,000
500,000
1,000,000
2,500,000
270,000
1,750,000

....

1878

100 Ac.

....

45
20
20
23
23
81
81
81
43
57

....

1881
1875

7*2

1,000

....

1874

500 Ac.
50
1

1,000

.

1870
1875
1867
1876
1877
1875
1881

....

113

....

....

93
143

250,000

4,180,000
625,000

....

6
29
13

29,500,000

100

1877

1

1879
1979

1,000
100

1,000
1,000
50 Ac.

261,400
!

1,000

South Pacific Coast—Dec. 31,1880, owned from Dumbarton Point to
Junction (Felton), Cal., 50 miles; leased—Alameda Point to Newark,
24 miles; Felton to Santa Cruz, 7 miles; total, 81 miles. There are no
bonds but unfunded debt of $1,870,286.
Gross earnings 1880, $386,469; operating expenses, $477,493; deficit, $91,023. A. G. Davie

’President, San Francisco.
Southern Central (V. Y.)— Sept.

7
5

M. &

7 g.

I

2

7
7
7
7
7

V;
7 g.

per cent on
on

[Where Payable, and by

>1. A N.

0 g.
0 g.
0 g.
5
0 g.
7 g.
3 *2
4
7
4
7
7
7
5
3
7
7
7

2,145.000

!

1,000 1
50 I
1,000

RI* A S.
F. A A.

955,600
700,000
1,988,150
1,600,000
500,000
500,000

1,000 j
50

Bonds—Princi

pal,When Due

$1,000,000
1,500,000
600,000

Value.

$;...

81
114
114
114

1873

A Ind’napolis

INTEREST OR DIVIDENDS

Size,

Date
of

114
114
87

Southern Pac. of Arizona—1st
South Pac.(Cal)—1st

Southern

Miles
of

Road. Bonds

of tables.

2d rnort.

Southern

AND

will confer a great favor by giving Immediate notice of any error discovered In these Tables.

DESCRIPTION.
on

STOCKS

RAILBOAD

1882.

4

7

S.

Stocks— Last

Aug. 1, 1887
Sept. 1, 1387
May 1, 1900

',T.

New York City.
Mar., 1909-10
Y., C. P. Huntington. April 1, 1905
do
do
April 1, 1900
J. A J. N. Y., Company’s Office Jan. 1, 1911
J.

&

A. & O. N.
A. * O.

M.
J.
M.
F.
J.
J.

A
Se
A
A
&
A

S.
D. Savannah,Cent.RR. Ga.
S.
A. Pliila. and Greensburg.
New York.
J.
J. N. Y., Union Trust Co.

Mar.

1. 1900

Dec. 20, 1881

March, 1882
Feb., 1917
Jan., 18S2
Jan. 1, 1899

N.Y., Company’s Office.
Feb.
J. & J.
F. & A.

New York.
N Y.. Central Pacific.

Pliila., 233 So. 4th St.
do
do

J.

& J.

J.
J.
J.
A.
F.

it J. N. Y. Lake Erie A West.
A D.IN.Y..D. L. A W. RR. Co.
A D.{
do
do
Si O.
do
do
Sc A. Syracuse Savings Bank.

N.Y.,Farmers’ L.A T.Co.

July 7: 1895
January. 1905
Feb. 16, 1876
Jan. 1. 1904
Yearly.

July 1, 1900
Feb., 1882

June, 1887
1, 1906
Aug. 1, 1907
Oct.

Nov. 15, 1905

New York.

& A. N.Y.,Farmers L.A T.Co.
Si O.
do
do
J. Sc J. N. Y.,
M. Si N.

Farmers’L. A T.Co.
New York.

stock were paid out of net earnings of 1881.

Feb. 1. 1882

1893
1910
Nov. 1, 1909

4 per cent paid

stock, March, 1882,

Spuytcn Dnyvcl J Pori Morris.—Road is 6 miles in length and connects

the New York Central Si Hudson with the New York A Harlem.
to New York Central November 1, 1871.
Rental is 8 per cent on
stock of $989,000. Operations are included in lessee’s returns.

Leased

capital

30,1881, owned from Fairhavcn, N. Y
State Line dt Sullivan.—Monroetou, Pa., to Berenice, Pa., 24 miles.
114 miles. Road forms an extension into
Valley Railroad, which company endorses Originally organized as Sullivan Si Erie Coal A RR. Co., which was sold in
foreclosure Oct. 14, 1874, and a new company formed December 2,1874,
$400,000 of second mortgage bonds. Default was made Feb. 1, 1882, under the
present name.
Stock, $1,000,000 (par $50). The mortgage
and new settlement proposed.
(V. 34, p. 178.) Capital stock paid
covers 5,000 acres coal lands.
In 1878 gross earnings were $40,867,
in is $1,790,231. In 1878-9 gross earnings were $419,912 ; net, $102,and net earnings, $29,673.
272; 1879-80, gross, $155,467; net, $149,237. (V. 34, p. 178.)
Staten Island.—Local road on Staten Island, Stapleton to Tottensvillo,
Southern lowadtCed. Itapids.—Inprogress. Ottumwa to Ced. R., Iowa
13 miles. Road was purchased by present owners in 1874, and is
Southern Maryland.—The Southern Maryland Railroad is designed to operated in connection with Staten Island Ferry Company. Capital
extend from Point Lookout, at the mouth of the Potomac River, to stock, $210,000. Earnings, 1879-80, $291,656; net, $71,388. In 18S0-S1
Washington, where it will make connection with the Baltimore & Poto¬ gross, $301,000; net, $80,000. (V. 34, p. 107.)
mac Branch of the Pennsylvania Road, and with the Washington &
Sterling Mountain (X. Y.)— Road runs from Sterling June, on the Erie
Metropolitan Branch of the Baltimore & Ohio Road. The length will be Ry. to Lakeville, about 8 miles. Bonds guar, by Sterling lion Si Rail¬
77 miles. John Van Riswick, President, Washington, D. C.
way Co.
(V. 33, p. 359.)
Southern Pacific of Arizona.—This is the connecting line of the South¬
Stockton it Copperopolis.—Present company is a consolidation, made
ern Pacific of California, extending from Yuma to NewMexico boundary,
November 17,1877, of the Stockton Sc Copperopolis and the Stockton A
383 miles. The stock is $19,950,000.
Visalia. Line of road, Stockton to Oakdale, Cal., with a branch of 12
Southern Pacific of California. — Road in operation April, 1881
miles. Leased to Central Pacific Railroad Company for thirty years
Northern Division— San Francisco, Cal., to Soledad, 143 miles; Carna- from December 30, 1874. By the terms of the lease the lessee agrees to
dero to Tres Pinos, 18 miles; to Monterey (leased), 15 miles; total, 176 pay principal and interest of the bonds. Capital stock, $234,500. The
miles; Southern Division— Huron to Los Angeles, 280 miles; Los Angeles company previously made default July, 1874, and the $1,000,000 of
old bonds were exchanged for the present issue guaranteed.
to Yuma, 249 miles; Los Angeles to Wilmington, 22 miles;, total, 551
miles; total Southern Pacific, in Cal.,712 miles. At Goshen the Southern
Summit Branch (Pa.)—This company operated the Lykens Valley
Division meets the San Joaquin Branch of the Central Pacific, by which RR. till
Juljr, 1880, and it has a small branch of its own to Summit Mines,
It reaches San Francisco and the main line of Central Pacific. The pro¬
% of a mile. Traffic is almost exclusively coal. Gross receipts in 1881,
jected lines are Soledad to Lerdo Junction, 160 miles, and Mojave Junct. including coal, $1,107,428; net, $121,879 ; from Lykens Valley Coal Co.,
to Colorado River, 278 miles, and this latter line was to be pushed in
$26,277; total, $148,156; interest’aud taxes, $93,084; balance, $55,072.
1882 to connect with the Atlantic A Pacific line. (vr. 34, p. 178.)
-(V. 33, p. 125.)
Tbe Southern Pacific forms part of a through lino to El Paso, and
Suspension Bridge dt Erie Junction.—East Buffalo J unction to Niagara
there will meet the Texas Pacific.
At its terminus at Yuma it con¬
Falls and Suspension Bridge, 23*4 miles. Road opened January, 1871.
nects with the Southern Pacific Railroad of Arizona, an independent
but closely affiliated company, some 385 miles, to a junction with the It is leased to New York Lake Erie Si Western Railroad Co. at 30 per
New Mexico Division of 171 miles more to El Paso. A junction with cent of gross receipts, which are guaranteed to be not less than $105,000
the Atchison Topeka A Santa Fe, thus forming a new route to the Pacific
per annum. Lessees own all stock except 297 shares.
coast, was made March 17, 1881. The bonds above are in series A, B, C.
Syracuse Binghampton dt New York.—Sept. 30, 1880, owned from
andD, of which A includes $15,000,000 and B, C and D each $5,000,000; Geddes, N. Y., to Binghampton, N. Y., 81 miles. Chartered as Syracuse
there are also three other series, E and F of $5,000,000 each, and G of & Binghampton and opened Oct. 23, 1854; foreclosed and reorganized
$6,000,000; these latter are to be issued for new construction. Land April 30, 1857, and leased to Delaware Lackawanna Si Western. In the
grant is 12,830 acres per mile, .and proceeds of sales go to pay bonds. last year, reported—ending Sept. 30, 1880, the gross receipts were
The total grant is estimated at 11,000,000 acres, of which 7,000,000 $869,154; road expenses, $546,819; net $322,335; interest on bonds,
pertain to road now built. Besides these sales a sinking fund of $141,400; dividends, $50,100. (V. 32, p. 579.)
$100,000 per annum goes into operation in 1882. Stook paid in Is
Syracuse
$36,763,900. The Central Pacific Railroad Company has taken a lease cuse, N. Y., Chenango it New York—Sept. 30, 1880, owned from Syra¬
to Earlville, N. Y., 43*2 miles. The Syracuse & Chenango
or the southern division of this road for a period
or not Jess than five
Valley Railroad was sold in foreclosure and a new company organized
years from January, 1880, and by the terms of the lease “if a railroad March 14, 1873, imder the name of Syracuse A Chenango Railroad.
is not
completed in five years from that date, so that there is a connec¬
tion of the .Southern Pacific Railroad of California with the Eastern sys¬ April 15, 1877, road was again sold in foreclosure and present company
tem of railroads on what is known as the thirty-second parallel line, the organized, which also became embarrassed and passed Into tbe hands of
Mr. James J. Belden, January, 1879, as Receiver. In January, 1880,
lease shall be extended until such connection is made, provided such
the road was sold to the Boston Hoosac Tunnel & West, syndicate, and
extension does not exceed five years longer, or ten years in all,” from
January, 1880. By the terms of the lease, the net rental is $250 a litigation ensued. (V. 32, p. 101, 444; V. p. 178, 716, 736.)
month, or $3,000 a year per mile, and if it shall be reduced by mutual
Syracuse Geneva ct Corning.—Sept. 30. 1880, owned from Corning,
consent, the rental shall be at least sufficient to pay interest on bonds. N. Y., to Geneva, N. Y., 5734 miles. This road was opened Dec. 10,1877,
and is leased to the Fall Brook Coal Company. Stock is $1,162,800.
In
“J 1^80 the net earnings were $442,765 on northern division and
$1,675,248 rental on southern division; total, $2,118,(114, out of which 1880-81 gross earnings were $513,591; operating expenses, $329,377;
were paid $1,762,140 for interest and rental, leaving a surplus of $355,net, $184,214.
£~4* The Monterey road (leased) has a capital of $250,000. (V. 32, p.
Tehuantepec.—"Road in progress from Gulf of Mexico to Pacific Ocean,
miles. To December, 1881, 40 miles finished, aud about $1,600,000
^i',1^,1^2*330’420*5^ 628, 635, 660; V. 33, p. 23, 75, 202, 502,
to Pennsylvania State Line,
New York State for Lehigh

,

—

001,623, <36; V. 34, p. 178.)
Souikeni Pacific of New Mexico.—Pond extends from Arizona State

expended. Stock is $2,000,000.
Mass.
(V. 33, p. 461,)

Edward Learned, President, Pittsfield,

Terre Haute dt Indianapolis.—Tram Indianapolis to Illinois State Lme,
Company.—Sont\\ Pennsyl- 80 miles, with coal branches, 21 miles; total, 101 miles. The road was
in 1852
Haute A Richmond), and has been one
rr^m^ sanction to Richmond, Pa., 21 miles, with a branch from Rieh- openedWestern (as TerreThe company leases and operates the St. of the
roads.
Louis
^Ie Banks, 2 miles. Leased for 199 years from March 1,1870, best of & Terre Haute Road on joint account with the Pittsb. Cm. &
I^ail(^ Valley Railroad Company. RojwI originally organized Vandalia
uuaer the name of Southern
Pennsylvania Iron Sc Railroad Company, St. Louis RR,, at 30 per cent of gross earnings, but guarantees the first
and second mort. bonds. Earnings for 1878-9 were $1,082,373 gross
rn!Lwa8: 80]^
foreclosure of second mortgage December, 1872, and and $404,370 net; in 1879-80,
reorganized under present name. Capital stock, $800,000.
$1,327,135 gross and $446,695 net.
Terre Haute dt Logansport — Road extends from Logan sport, Ind., to
crntGa.) —From Macon, Ga.,to Eufaula, 144 miles; has 166*2
Rockville.
Si Southwestern,
now!of \)rauches, the main one being from Fort Valley to Columbus, 72 was sold inFormerly Logansport Crawfordsvilleand reorganized which
foreclosure
under
10, 1879,
xphufi', A lease was made Aug. 1, 1869, to the Central RR. of Georgia, resent name. Rockville September of the Evansville Si Terre Haute
extension
a88UD1(iS the liabilities and guarantees 7 per cent on the stock, -lailroad, Rockville to Terre Haute, is operated under lease. Leased by
In Tn
oC£nt
t° be paid if 10 per cent is paid on Central stock.
loSl, $32 per share in 6 per cent debt certificates was declared Terre Haute A Indianapolis Railroad for 25 per oent of gross earnings,
oy Central
and first mortgage bonds guaranteed by that company. Earnings and
Georgia Railroad.
rental year ending Oct. 31, 1880, $65,657.
Pennsylvania.—Greensburg, Pa., to Fairchanco,P., 44 miles,
Texas Central.—Line of road from Ross, in McLennan Co., to Cisco, in
ate* n «+pi 1 b 1373* an(1 leased to Pennsylvania Railroad, which operPaying net earnings as rental. In 1881 gross earnings Eastland Co., Texas. 143 miles. Gross earnings on an averagei of /O
e$/lO,5Jj and net earnings, $409,038. Interest on bonds and 8 miles in 1880-81, $197,151; net, $127,091. C. A. Whitney, Pros., N. O.
line to the Rio Grande at El Paso, Texas.

Smithcrn Pennsylvania Railway it Mining
k

q




RAILROAD STOCKS AND BONDS. •

liv

Subscribers will confer a great favor

or

Miles

explanation of column headings, Ac., see notes
on lirst page of tables.

of

1876-90

1st mort., gola, Southeastern Div
Income bda, Southeast. Div., non-cum.
Cincinnati Div., 1st mort., gold
.

1.000

84

-

»

•

*

1881

270
181
181
102
102

1881

1,000

1880

1,000
1,000

•

180
•

-

-

-

22

1880

1881

1,000

188T

1,U00

1874

1,000

1878

1,000

....

....

•

<

bonds (for $1,000,000)
Troy Union—1st mortgage, guaranteed, Troy City.

2i%

Aew Orleans (of 1874).—Houston,

all lands

p.

The railroad lands in Texas, however, do
the roads owning them. The land grant
by acts of Congress were 20 sections per mile in California and 40
sections per mile in the Territories between Texas and California. The
acts of Congress in regard to this road made conditions as to time 6f
construction, Ac. See full statement as to lands in V. 31, p. 178.
Operations and earnings for four years ending May 31.1880, w-ere as
follow*, no annual report having been issued for the last \rear ending
May 31,1881.
Mileage.
43,369.881

13,886,499
15,004.800

11,651,044
11,438.607

The income account

was as

Net

2,331,310
2,136,143

Earnings.
$538,329
708,138
544,916

2,589,220

1,045,703

$2,043,453

follows:

1876-77.

$

Total net income
Disbursements—
Interest on debt

51,022,434
50,723,818
66,446,382

Gross

Earnings.

1877-78,
$

1878-79.

$

1879-80.
$

538,329

708,138

544,916

1,045,703

557,867

658,049

656,370

663,120
69,620

Sinking fund

Balance
def.19,538 sur.50,089 def.111,454 sur.312,963
—(V. 32. p. 123, 205, 289, 412, 445, 469, 526, 613, 628. 687; V. 33, p.
48,102, 117, 155, 178, 256, 386, 404, 461, 470, 561, 623, 687, 716; V.
34, p. 205, 292.)
Texas Trunk.—This road is projected from Dallas to
about 300 miles, with a branch to Sabine River, 50

Sabine Pass, Tex.,
miles* has a

land

Bonds are issued at rate
grant of 10,240 acres for each mile built.
of $14,000 per mile of completed road. J. G. Graves, President, North
Seituate, Maas. (V. 33, p. 202, 642, 7v8.)
Texas & St. Louis.—Narrow gauge road. Texarkana to Waco, 250
miles. Construction is in active progress on the Missouri and Arkansas
divisions, and the company expects to have a line from Bird’s Point*

opposite Cairo, to Texarkana, a distance of 400 miles; also an extension
or the line from Waeo to Gatesville, 45 miles, and the Dallas Branch,
from Mt. Pleasant to Dallas, 125 miles, with a possible branch to Mem¬
phis, 40 miles, and another to Little Rock of 50 miles, completed by the
close of 1882. Land grant is 10.240 acres for each mrle of finished
road, except on one section of 36 miles, where only 5,120 acres are
received. The income bonds are a first mortgage on lands and a sec¬
ond on the road. Lands in Texas are not on the line of road. The
stock authorized is $12,000,000. J. W. Paramore. President, St. Louis.
—(V.32, p. 101, 288, 544; V. 33, p. 102, 404, 624, 716; V.34, p. 79, 147,
4614

Tioga.—September 30,1880, owned from Arnot, Pa., to State line New

York, 44 miles; branoh, Blossburg, Pa., to Morris’Run, Pa., 4 miles;
leased, Elmira State Line Railroad, State line New York to N. C. Rail¬
way Junction, 7 miles; total, 55 miles. The stock is $580,900.
In
1879-80 gross earnings were

N. Drake,




$393,766 and net earnings, $103,448.

President, Corning, N. Y.

A J. N.

J.

A

J.

Y„ Anthony, P. A O.

New York

or

London.

1

6
6
6
6
6
6 g.
6
0 g.
6
7
7
2
7
7
7
6

J.

A

J.

N.Y., G. W. Ballou A Co

....

A. A O.

N.Y., G. W.

Ballou

1921

July 1, 1921
Jan. 1, 1910
Jan. 1, 1910

A Co April 1, 1910

April 1, 1910
July 1, 1910
April 1, 1921
April 1, 1921
A. A 0. N. Y., G. W. Ballou A Co April 1, 1921
April 1, 19Q6
J. A J. N.Y.,Room 42,74 B’way Jan. 1, 1908
....

Ballou

J. A J. N.Y., G. W.
A Co
A. A O. New York and London
....

....

F.
J.
M.
A.

A
A
A
A

A. Troy, Company’s Office.
J. N. Y., Nat. B’k of Com.
do
do
8.
do
do
*
0.

(?)
1894
1882
1903

...........

....

Toledo Cincinnati dt St. Louis.—This is the consolidated line (narrow
gauge) of the Toledo Delphos A Burlington and Toledo Cincinnati A 81.
Louis. Owns from Toledo to Kokomo, Ind., 181 miles; branch, Delphos
to Daj7ton and Shanesville hr., 1<*2 miles; Southeastern Division, 185
miles; Cincinnati Division, 22 miles; Iron RR., 33 miles; line from St.
Louis to Kokomo, 2T0 miles; total. 793 miles.
For each $9,500 in
cash, subscribers received $10,000 in ,1st mortgage bouds, $5,000 in¬
comes and $5,000 stock.
(V. 32, p. 6, 579; V. 33, p. 48. 433,718; V. 34,

for certain foreign claimants.
not lie adjacent to the line of

Freight (ton)

....

J.

June T, i9io
June 1, 1920
Mav 1, 1910
May 1, 1882
Nov. 1, 1896
Oct. 1, 1905
Jan. 1, 1921

deficit, $44,954. The bonds were partly exchanged into Canada Southern
first mortgage bonds at 70 per cent of face value." In March, 1881, a
foreclosure suit w as begun. (V. 32, p. 336.)

Blanca, about 92 miles south of El Paso, and 524 miles from Fort Worth,
was finished December, 1881.
N. O. A Pac. consolidated therewith,
Shreveport to N. O., 355 miles when all built.
The Texas A Pacific was built under act or Congress of March 3,1871,
and other acts in 1872 to ’74, and the laws of Texas. This company suc¬
ceeded to the right of the Memphis El Paso & Pacific Railroad and other
companies. By a contract made in January, 1880, with the Pacific
Railway Improvement Company, the road was extended towards El
Paso on the Rio Grande, to meet the Southern Pacific of California, with
$25,000 in bonds and $25,000 in stock per mile of road. The control
of the Texas Pacific stock was sold by Thos. A. Scott to Jay Gould. The
Fidelity Ins. Trust & S. D. Co. of Philadelphia are Trustees of the Rio
Grande Div. mortgage. The stock authorized is $50,000,000- A con¬
solidation with New Orleans Pacific, share for share, was voted in May,
1881.
From the State ot Texas the company had received 4,851,702
acres of land, by building east of Fort Worth, on which.the income
bonds are a lien, as also a 3d mortgage on the road east of Fort Worth.
There we^e also 1,000 certificates for 640,000 acres deposited in trust

Mileage.

....

1, 19^n

Toledo Canada Southern <6 Detroit.—Toledo, Ohio, to Detroit (Q.
T. Junction), Mich., 55 miles. Road opened September 1, 1873. In
1879 gross earnings were $416,544; operating expenses, $461,498;

John T. Terry, Pres., N. Y. (V. 33, p. 75,218.)

Passenger

Boston.

N.Y., Bk. ot N. Amenoa.

Feb.

July 1, 1920

In 1880, 46 miles finished, and whole line to be completed
Sept., 1881. Bonds offered in New York, June, 1881, at $15,000 per mile
by Anthony, Poor A Oliphant. Stook, $1,900,000. See Chronicle Juno
18, 1881, p. 651; V. 33, p. 155.)

Texas <6 Pacific.—From Marshall to Fort Worth, Tex.,180 m.; Marshall
to Shreveport, La., 40 m.; Marshall to Texarkana Junction, 69 in.;
Texarkana to Sherman, Texas, 155 miles: total old road 444 miles. Rio
Grande Division, Fort Worth to junction with Southern Pacific at Sierra

Miles.
415
444
444
444

Co.

do

Aug. 1, 1905

Canada.

Tex., to Orange (Sabine

River), 108 miles. In August, 1881, this company acquired the La. A
Western from Vermillionvillc. La., to Sabine River, Tex., 100 miles.
This was a reorganization, 1874, of the old Texas A New Orleans RK
The stock is $3,000,000, and in July, 1881, this was reported sold to C.
P. Huntington, of the Southern Pacific, at 85.
Gross earnings, 1880,

Years.

1875S-69O.

650,000
500,000
680,000

Mercantile Tr.

do

July 1, 1921

Toledo Ann Arbor <£ Grand Ti'unk.—A consolidation, Oct., 1880, of
Toledo A Ann Arbor and Toledo Ann A. A Northeastern railroads. Lina
from Toledo to Pontiac, 84 miles, connecting with Grand Trunk of

Texas-Mexican,—Road building in Texas. Mortgage covers about 1,400

miles of railway (of w-liich 140 in operation July, 1881) and
to be acquired. W. J. Palmer, President. See V. 33, p. 528.

$383,885; net, $176,138.

1,384,000

500 Ac.

Convertible bonds

-

1,609,000

100

53

New mortgage

Texas

250,000
2,250,000
2,25a,000
250,000
250,000
200,000
400,000

1,000

1879
1881

•

26

Equipment bonds
Troy dt Boston—Stock
1st mortgage, consolidated

1,000.000

1.U00
500 Ac.

N.Y.,

....

1,000,000

1,000

1881
1881

M. A N.
M. A N.

g.

6 g-

3,000,000

Y., 54 Exchange PI.

....

6 g.

1,250,000
1,250,000

1,000

53

•

7

N.

AD. New York and St. Louis.

J.

'

3,000,000

1,000

1880

35

income, nou-cum
do
Frankfort A Kok., 1st mort., gold

'

1,000

•

F. A A.
J. A J.

g.
g.
g-

1,547,662
15,000.000

100
270

•

6
6
6
6
7
7
7

"

1,200,000

1,000

1880
1880

M. A S. Phila., N. York ALondon March 1, 1905
do
do
J. A D.
Juno 1, 1905
July. New Y'orkA Phllad’phia Jan. 1, 1915

239,500

....

1881

6 g.
6 g.
7

140,000

....

•

A J.
F. A A.

J.

6 g.

2,127,000
13,028,000
5,820,000
2,128,000
2,128,000

500

•

jjue.

Stocks—Last
dividend.

7

8,202,000

1,000

•

Payable

Where Payable, and by
Whom.

125,000

1,000
1,000

*

Cent.

When

265,000

1,000
1,000
1,000

1880
1852
1876

Rate per

$2,500,000
1,620,000
26,014,000
4,050,000
13,100,000

1,000

1880
1880
1880

uen

Amount

jOutstauding

Value.

1875
1875
1875
1880-1
1880

54
54

Tioga RR.— 1st mortgage

I
$1,000

1891
1875

1,325
Texas & Pacific—Stock
524
1st mortgage, gold, coup. (E. Div.)
524
2d mort., consul., gold, coup. (E. Div.)
524
Income and land mort., rcg
.
Lana scrip for int.oninc. mort. (conv. into st’k or I’d)
521
1st mort., gold, land grant, Rio Grande Division.
291
New Orleans Pacific, 1st mortgage
2» 6
Texas <£• St. Louis—First mortgage, gold
190
Income bonds. 1st mort. on land and 2d on road.
35
Texas Trunk— 1st mort. land gi ant gold
Consolidated mortgage
Extension bonds
Toledo Ann Arbor <6 Grand Trunk—1st mort., gold.
Toledo Canada southern A Detroit—Stock
Toledo Cincinnati <£ St. Louis—Stock
1st mortgage, gold
2d mortgage, income, not cumulative
Tol. D. A B., 1st mortgage, Toledo to Kokomo
do
2d M., inc., non-cum., Tol. to Kok
do
1st mort., Dayton Division
do
2d M., Dayton Div., inc., non-cum
do
1st mort., Tol. terminal trust “A"

Date l
of

Road. Bonds

Texas-Mexicnn—1st mortgage, gold ($15,000 p. m.).
Texas <£ N. Orleans of ’74—1st mortg. land gr., coup

do
do
do
do
do
do

discovered In these Tables.

by giving immediate notice of any error

INTEREST OR DIVIDENDS.

DESCRIPTION.
a-

[v0l. xxxiv.

-

F.

265, 317, 366. 379, 461J

Troy dt Boston.—September 30, 1880, owned from Troy, N. Y., to Ver¬
mont State line, 35 miles; leased: Southern Vermont 6 miles; Troy A
Bennington, 5 miles; total operated, 46 miles. Net earnings in 1879-80,
$269,621; interest, $188,368; rentals. $27,400. The floating debt
Sept. 30, 1880, was $328,931, against $380,648 in 1878-9. Operation!
and earnings for five years past were as follow's
Miles,

Years.

ff..

Passenger
Mileage.

53

5,605,546

53

6,660,492
6,492,660
6,112,538
6,191,024

53
46
46

Freight (ton)
Mileage.
13,908,977
16,853,882
23,829,494
30,501,683

28,252,911

Troy Union.—A small road in Troy City,

Grose
Liv’d
Net
Earnings. Earnings, p. et.
$566,540. $268,206 4
560,764
276,614 4
560,344
274,747 2
593,896
288.519 ..
570,161
269,621 ..

extending from Hoosick Street

Bridge to Troy A Greenbush RR., 2*4 miles. Owned jointly by several
roads. Capital stock, $30,000. Bonds were issued by the City of Troy,
and are guaranteed by the companies interested.
Tyrone dt Clearfield —East Tyrone, Pa., to Curwensville, Pa., 44 miles;
This company was organized
branches, 17 miles; total, 61 miles.
April 1, 1867, after sale in foreclosure. Road completed in 1872. It
was leased to the Pennsylvania Railroad in 1878; rental was $73,500.
G. B. Roberts, President, Philadelphia, Pa.
JJlster if- Delaware.—Rondout (Hudson River), N. Y., to Stamford,N.Y.,
This was the Rondout A Oswego in 1870; reorganized May
28,1872, as New York Kingston A Syracuse, and again, after foreclosure,
May 1,1975, as Ulster A Delaware. The stock is $1,152,100. In 1877-8
the gross earnings were $168,157; net earnings $31,658. Thos. Cornell
is President, Rondout, N. Y.
*
74 miles.

31, 1881, mileage was as follows :
1,037 miles; branches—Ogden to
Junction Central Pacific, 5 miles; Kansas City to Denver, 638; Denver
Union Pacific Railway.—December
Main line—Council Bluff's to Ogden.
to

Cheyenne, 106;

Leavenworth to Laurence, 34; total

owned, 1,820

miles; controlled—Omaha A Repub. Valley RR., 132 miles; Omaha N.&
Black Hills RR., 84; Colorado Central RR.,328; Echo A Park City RR-.

32; Utah A Northern RR., 416; Mar3Tsville A Blue Val. RR., 38; Carbondale Branch,' 32; Junction City A Fort Kearney, 71; Solomon RR..
57; Salina A Southwestern, 36; St Joseph A Western, 252; Central
Branch Union Pacific and leased roads, 388; Kansas Central, 150;
Denver A Boulder Valley., 27; Golden Boulder A Car, 6; Oregon
Short Line, 64; Greeley Salt Lake A Pacific, 18 ; Denver South Park A
Pacific, 197; Man. Alma A Bur., 28; Nevada Central, 94; total con¬
trolled, 2,449 miles; total operated Dec. 31, 1881. 4,269 miles.
This was a consolidation, January 24, 1880, of the Union Pacujt
Railroad, the Kansas Pacific and Denver Pacific, made under authority
of the acts of Congress of July 1, 1862 and July 2,1864. New fitoci
was issued for the old stock of the three companies, but their Donu»
remained unchanged. (See Chronicle, V. 30, p. 118.)
The company,
under acts of Congress above-named, took a land gr:mt or 12,800 acre*
per mile, estimated at a total of 12,083,227 acres, and a subsidy in ti* y-

loan is to
requires 25 per cent
the first mortgage
as follows: FirstApplied directly to interest account, one-half of Government eanuDg*
Second—To be placed in the sinking fund—the other half of the Govern¬
ment earnings; five per cent of net earnings, after deducting interest on
first mortgage bonds; so much of $850,000 as may be necessary w
make 25 per cent of net earnings. The annual report for 1881 jwas pub¬
lished in V. *4, p. 289 aud 376.
The earnings, expenses, mcom*
account and balance dbeet were as follows, but the earnings cover omj
the 1,880 miles of road—the same In 1880 and 1881:

bonds of

$27,236,512.

The interest and principal of this

be paid according to the “Thurman Act,” wliich
of the net earnings, after deducting interest on
bonds, to be paid annually to the Government

Subscribers will confer a

explanation of column
on

2d mortgage income bonds
JJmon Pacific—Stock
1st mortgage, gold, on road

1876
1875

Outstanding

/■lonArnl mort.iraire.

void,

coupon..

..

1\

27.22G.000

1866-9
1874
1867-9

1,000

27,236,512
13,861,000

6 g.
6

1871

....

140

1,960,000
5,060,000
182,000
14,450,005
2,240,000

1,000

1865-7
1869

4,063,000

•

•

•

6,303,000

•

1866

1,000
1,000

6,366,000
100,000

1866

50 Ac.

1870

....

250 Ac.

1.051,300
52,500
21,090,400

1871

1,000

5,669,000
2,000,000
1,846,000
1,800,000

1871

do

do

1871
1871

dollar loan, mortgage

loan,reg

Joint Co.’s plain bonds
do
do
do
consol, mort. (sink’g fund after 1880)
N. J. RR. A T. Co., 3d loan due State of N. J
Utah Central—stock
Tst mortgage, gold
Utah Southern, 1st mortgage, coupon
do
general mortgage (r>r $1,950,000)
Utah Southern Extension, I st. mort., erunr
>
EARNINGS AND EXPENSES FOR

1879.

....

....

....

1871
1878
1853
1854
1862
1868

280
3 6 L;
75
105
138

1870
1871
1879
1879

1380 AND 1881.
1880.

....

....

866,000

....

5,000,000

1,000
1,000
1,000

i,ooo;ooo

Government

169,928

$
4,922,711

Freight-Cash

10,572,805

13,406,910

15,075,515

1,051,155
1,566,073

1,342,572
1,831,502

1,503,599
2,064,119

18,040,266
$

22,455,134
$

24,258,817
$

1,555,833

4,424,871
2,132,692

2,482,588

8,368,337
9,671,429
46-38

10,545,119
11,910,015
46-96

Total gross

earnings

Operating Expenses—

Renewal of rails
Maintenance of equipment...
Transportation expenses

3,346,147

Total (including taxes)...

Vet

earnings

Perot, of op. exp. to earu’gs.

394,011
538,341

439,908
473,199

438.758
510,710

General

2,179,071
1,700,426
5,185,906

1,964.773
1,109,676

816,853

Taxes

484,013

469,025

1,701,536

Maintenance of way

208,860

12,480,343
11,778,474
51*45

INCOME ACCOUNT.

1880.

$

Receipts -

11,910,015

Net earn.ngs
Interest and dividends
Other receipts

1,010,153

1881.

,

.

$
11,778,474
1,332,678

284,249

13,204,417

13,111,152

$
5,174.473

Total income

$
4,819,128

'Disbursements—
Interest on debt

114,315

Discount, interest, premium, Ac

117,196

(6) 3,045,738

(7) 4,076,134

434,000

307,000
1,653,359

10,548,337

Dividends

10,972,817
2,138,335

Sinking funds

Due United States

on

1,779,811

year’s business

Total disbursements

2,656,080

Balance, surplus

GENERAL BALANCE AT CLOSE OF EACH FI8CAL

Assets—

1880.
$

r

Railroad, buildings, equipment. Ac
Stocks owned, cost
Bonds owned, cost

Advances
Int. on U. S. bonds in excess of sink. fund.
Materials, fuel. Ac
Union Pacific bonds and stock owned
Denver Extension sinking fund
Coal lands and mines.
Bonds and stocks held in trust
Land department assets

154,743,629

119,507,615
117,305
1,877,300
349,562

YEAR.

1881.

$
156,878,669
*12,755,754
*16,375,055

2,563,360

3,164,477

164,046

199,545

Liabilities—
Stock.
Funded debt (see Supplement)
United States subsidy bonds
Aocrued interest due on subsidy bonds....
Bills payable, and all other dues and ac¬
counts, less cash on hand and sundry

balances

Interest accrued not due
Balance of income account

106,178
12,195,950
6,074,212

185,165,541

Total

2,185,950
6,384,180

200,477,246

1880.

1881.

50,762,300

60,868,500

82,623,114
33,539,512
12,133,976

82.118,133
33,539.512
12,590,388

' 1,519,835

4,035,078

782,721
3,804,083

6,544,868

following for

780,766

1881:
Net proceeds, Union Pacific land
grant 1881
«et proceeds Kansas Pacific land
grant 1881
•«et proceeds of other
lands, lots and income
n

.T0^) net proceeds for
interest
paid

the year

on consol, bonds

$791,598

81,000

Loaves net proceeds
$707,598
earhing8 for 1881 are given on 1,820 miles only, and the gross
°- hat year are stated at $24,258,817; hut a note says the
088 earnings of the Union Pacific
system, together with its branch

lumtfi
•um

f
total of

7®ar 1831 were but little short of $30,000,000. This is the

information given in regard to the business over the new




,

&
A
A
A

A
A
A
A
A
A

Stocks—Last
Dividend.!

Phila., 233 South 4th. Feb. 15,1882
1906
Rondout, Co.’s Offioo.
do
do
July 1, 1905
New York and Boston. April 1, 1882

do
do
J.
J. U.S. Treas., at maturity.
S. New York and Boston.
do
do
O.
O. London, L. A 8. Fr. Bk.
J. N. Y., Union Trust Co.
N. N. Y., Bk. of Commeroe.
do
do
N.
do
do
A.
D.
da
do

Payable *2
M. A N. N.

1896 to 1899
1896 to 1899

Bept. 1, 1893
1887

April, 1898
July 1, 1908
May 1, 1899
May 1, 1919
Aug. 1, 1895
June 1, 1896
1895 to ’97

by transportation.
Y., Loud. A FraukUt. May 1, 1899
M. A N. N. Y., Bk of Commeroe. Jan
1, 1896
M. A

do

S.

J. A J. N.

Q.-J.
M.
A.
M.
M.

A S.

A
A
A
F. A
M. A
F. A
J. A
M. A
A.. A

O.
S.

8.
A.

S.
A.
D.
N.
O.

do

July

1. 1916

Y., Lond. A Frankf t. July 1, 1880

Phila. and N. Y. Offices. April 10,1882
Mch. 1, 1901
Philadelphia, Offioe.
Oct. i; 1894
do
do
London.
Mch. 1, 1894
Mch. 1, 1894
do
Feb. 1, 1888
Philadelphia.
do
Sept. 1, 1908
Feb. 1, 1883
Philadelphia Office.
Jan. 1, 1889
Princeton, N. J.
Nov. 1, 1889
Philadelphia Offioe.
N. Y., B’k of Commerce.
Overdue.

J.
J.

A J.
A J.
....

J.

A J.

New York,
do
do
do

Jan. 1, 1890
July 1, 1891
July 1, 1909
July 1, 1909

Offioe.
do
do
do

lines of the company. The report says “ the total length of the Union
Pacific Railway and branch lines is 4,270 miles,” so it appears from this
that all this mileage having been open by the end of 1881, and most of it

having been operated during that year, the trross earnings on 2.450
miles were about $5,750,000. While the year 1881 was in progress the
monthly reports of earnings issued showed a large increaso over 1880,
and the earnings on new road were to soms extent evidently in¬
cluded in the returns, as the total for the year 1881 was made $27,451,831; but when the annual report was issued the earnings were only
given for the same mileage as in 1880, with no information about the
earnings of all the other lines. It would have been very satisfactory to
stockholders to have a more detailed account of tne business and
prospects of nearly 2,500 miles of their road.
Of the Union Pacific collateral trust bonds, the issue is limited to 80 per
oent of the following bonds: Omaha A Republican Valley RR, $850,000;
Colorado Central Railroad bonds, $2,526,000; Utah Northern Railroad,
about $3,480,000; total, $6,856,000. The collateral trust bonds area
direct obligation of the Union Pacific Company, and have as their security
the first mortgage bonds of the roads named pledged with the trustees.
The excess of interest collected on hypothecated bonds—say $22,000 per
year—forms a sinking fund to reduce the principal.
The Kansas Pacific extended from Kansas City, Mo., to Denver. Col.,
639 miles, with Leavenworth Branch, Lawrence to Leavenworth, 34
miles. It was organized as “ Leavenworth Pawnee & Western” in 1861,
then changed to “ Union Paciflo, Eastern Division,” June 6,1863, and to
Kansas Pacific” on March 3, 1869. The Pacific Railroad acts of 1862
and 1864 applied to this road, and gave it a subsidy of $6,303,000 and a
land grant of about 6,000,000 acres. The lands mortgaged were put in
twro trusts, 2,000,000 aores in the first, from the first to the 380tn mile
westward, covered by the first and second land mortgages, and
3,000,000 acres in the second grant, from the 380th mile westward, are
covered by the Denver Division mortgage. The outstanding bonds of
Kansas Pacific above are given less the amounts of eaoh class held by
the trustees of the general mortgage. The seoond land grant mortgage,
"with various other bonds, was taken up with the general consolidated
mortgage of May 1,1879, whioh covers road and lands; the trustees of
that mortgage are Jay Gould and Russell Sage, and they held In trust on
Jan. 1, 1882, the following bonds or the Kansas Paoifto, making $10,831,686 in all, viz.: Leavenwortn Branch, $300,000; first land grant,
$1,428,250; second land grant, 1,499,000; income (unsubordinated)
bonds. $187,650; income (subordinated) bonds, $3,036,400; Leaven¬
worth Branch, coupon certificates, $56,980; first land grant, coupon
certificates, $243.851; second land grant, coupon certificates, $160,020;
Eastern Division coupon certifb-atos, $297,240; Middle Division coupon
certificates, $538,230; Denver Extension coupon certificates, $877,065;
Denver Pacific bonds, $2,002,000. They also held $2,875,8<K> of the
stocks and $2,143,000 of the bonds of other companies controlled by the
Union Paofic. In funding other bonds into the oonsol. mortgage, the old
Kansas Pacific securities were exchanged at par, except as follows:
The
“ funding mortgage ” bonds received
nothing for 5 over-due
“

coupons; Leavenworth branch and unstamped inoomes at 50 per cent
and nothing for over-due interest;
inoomes at 30 per cent;
second laud grant at 50 percent. The interest on Denver
bonds (sevens due May 1,1899) was reduced to 6 per oent.
The Denver Pacific—Denver to Cheyenne, 106 miles—was built under
the charter of the Union Pacific, E. D. (Kansas Paoifle), and opened

stamped

Extension,

The-Denver A Boulder Valley was opened under a 99
The company made default, and a receiver was
appointed April 4,1878. The stock of $4,000,000 went into this consoli¬
dation Januarv 1880, and the bonds are retired with the consolidated
mortgage of the Kansas Pacific.
(V. 32, p. 92, 123,232, 285, 412, 600,
660,687; V. 33, p. 12, 46,93, 126,359, 470, 491, 624*642,736; V
34, p. 116, 178, 289, 291, 292, 317, 376, 433,461.)
January 1,1871.
vear

lease from 1873.

Jersey RR. d Canal Companies.—Lines of road. New York
Philadelphia and branches, 123 miles; Camden to Amboy and branches,
152*2 miles; Trenton to Manunka Chunk and branohes, 103 miles: total
operated, 379 miles. Delaware A Raritan Canal, 66 miles. The United
New Jersey Railroad A Canal Companies were leased in May, 1871, to the
Pennsylvania Railroad for 999 years, at a rental of 10 per cent on the
stook, besides interest on bonds. The smaller leased roads were taken
with their several contracts. The Belvidere Delaware was leased to the
Pennsylvania Railroad March 7,1876, and since January 1,1877, has
to

Jersey Railroad
full as rental.
Pennsylvania
$356,913 Railroad, and the net loss in 1879 was $939,889. and in 1880 $1,035,313,012 308, and $302,864
in 1881; but the connection with Now York was in¬
121,671
dispensable. Operations and earnings for five years past (inoluding th*

Chronicle, V. 34, p. 289. The land department reports the

Deduct

Q.-J.
J.
J.
M.
A.
A.
J.
M.
M.
F.
J.

Where Payable, and by
Whom.

United New

Total liabilities
185,165,541
200,477,246
The securities held at close of the year 1881, amounted to $20,920,430
♦v?Ulv
$25,835,703 stocks, at their par value, of which the cost in
balance sheet is $29,130,809. A oomplete list of these was pub-

usnea in the

6 g.
7
7
7

1,125,000
825,000
1,950,000

1,000

$

Company
Mail, express, Ac

Bonds—Princi¬
pal,When Due.

4,250,000

5,171,115

443,433

100,000

Too

$

Government

6 g6 g.
6
6
6
6
6
0

1,700,000

....

1881.

234,010

J*

154,000
841,000

....

4,236,870

Earninqs—

Passenger—Cash

7
7
7 g.
6 & 7
2*a

171,142
100

379

United Co.’s mortgage, sinking fund, register ed..

sterling loan mortgage, sinking f und
do
do
do
do

8
7
8 g.
6
7 g.
6 g.
6 g.
6 g.
6
6 g.

5,384,000

1,000

1866

253
394
245
34
427

....

1,000
£200
1,000

1,000
1,000

1879
1869
1879
1865

106

.

do
do

F. & A.
J. & J.
F. & A.

60,863,500

....

...

7
7

136,000
1,342,600

__

Canal Companies—Stock..

When

Payable

$1,000,000

...

1879.
08
United N. J. RR. d

It

Rate per
Cent.

1,000

1,038

rnllateral Trust bonds
Denver Pacific, 1st mortgage, gold, land grant...
Kans. Pac.jOons. M..,g.(for $30,000,000),cp.or rg.
do
1st M.. g, op., on 140m. west Mo. Riv.
do
1st mort., gold, 140fch to 393d mile...
do
2d M.(to U.S.Gov.) on 394m.W. Mo.R.
do 1st,394th to 639th m., l.g., 3,000,000 acs
do
1st mort., coup., (Leavenworth Br.)..
do
Income bds, coup., 3d M.on 427 miles.
do
1st I’d bds,cp.or fg.,g.,on 2,000,000 acs.

Par
Value.

1866-9

1.038

....

Amount

1,000

....

1,038

or

100 Ac.
100

....

1,825

aud equipment
o*i mortgage currency (Government subsidy)....
3d
on road (2d on land), sinking fund..
do
L&nd grant bonds on 10,514,789 acres
Omaha bridge bds, st’g, (s.f. about $65,000 yrly).

Sizo,

$

60
74

mortgage

onrtltl cn, t,cs

Date
of
Bonds

Road.

tables.

Clearfield—Stock

Tyrone &
Ulster d Delaware-1st

BONDS

INTEREST OR DIVIDENDS.

Miles
of

headings, Ac., soo notes

first page of

AND

great favor by giving Immediate notice of any error discovered In tbese Table*.

DESCRIPTION.
For

STOCKS

RAILROAD

1882. J

April,

United

been operated as the Belvidere Division of
New
svstem. The net earnings are paid over to the lessors in
Ime lease has not been profitable in oash receipts to the

canal) were as follows:
Passenger
Years. Miles.
Mileage.
373

373
373

143,132,968
139,245,413
146,914,158
171,055,377

Freight (ton)

Gross

Mileage.

Earnings.

256,134,099

$8,960,697

255,027,095

8,398,534
9,784,843
11,544,681

332,298,977
381,885,409

197,366,974 480,995,398
-(V. 34, p.,288.)

13,022,864

Net
Dir
Earnings, p. ot.

$2,694,480

2,895,592

3,283,981

3,329.473

4,211,52

10

10
10
10

10

Subscribers will confer

a

Miles

„

318
62
180
87
36
16
98
31

Clayton Sc Theresa, 1st mortgage
Utica Chenango <£ Susquehanna Valley—Stock...

Binghamton—1st mortgage

73

Equipment loans

Income and extension bonds (to pay

float’g debt).

Vermont & Massachusetts— Stock
1st mortgage (sinking fund $7,000 per year)
Convertible bonds
'
Vermont Valley of ’71—1st mortgage

Vicksburg <£ Meridian—1st mortgage

income (not cumulative)

Virginia Midland-Stock
Bonds, 1st series
2d series.
do
3d series.
do
do
4th series.
5th series.
do
do
6tli series.
Income bonds, cumulative

Par
Value.

i ,000

$2,000,000
4,176,000

1,000

900,000

100

1878
1879

1,772,000
1,112.000

1871

1874

200,600
4,000,000
800,000
750,000

’ioo
’66-’72 500 Ac,

59
77

140
140
140
354

1871
1879
1871
1866
1866

500 Ac

organized with $2,000,000 stock. (V. 32, p. 356.)
Ogden, Utah, north into Idaho
Four hundred and fifteen miles built to Jan. 1, 1882. The

Northern—In progress from

road was sold in foreclosure March 28, 1878.
Transferred to present
company May 1, 1878. Stock issued to December 31, 1880, $1,176,000.
The road is mainly owned and built by the Union Pacific. For the year
1880 the gross earnings were $1,016,060; net, $552,416. (V. 33, p. 93,

1,500,000
444,100
1,508,600

3,050,000
550,000
150,000

800,000

1.000,000
1,000,000
1,918,831

6,000,000
599,158
1,825,895
1,013,245
921,820
1,753,162
1,310,000
4,000,000

Stock, $750,000.

Bonds sold

in New York in 1880.

Utica & Black River— Sept. 30, 1881. owned from Utica, N. Y., to
Philadelphia, N. Y., 87 miles; leased lines to Morristown, N. Y., to

Ogdensburg, to Sackett’s Harbor and to Clayton, 93 miles in all; total
operated, 180 miles. The company has paid its rentals and moderate
dividends for a number of years.
The general account, September
30, 1881, was as follows, oondensed:
$1,7', 2,000
1,112,000

Stock
Bonds

55,645

Sundry accounts aud balances
Surplus fund
Total
Road and equipment
Leased lines, stocks, bonds and advances

320,277
$3,259,922

$2,878,702
311,367

7,753

Sundry accounts

62,100— $3,259,922

Cash
Income Account:
Net income, all sources
Interest

$255,638
$81,440
71,723

Rentals.

Dividend, 4

per

cent

70,880—

Balance, surplus
Add surplus, Sept. 30, 1880

224,043
$31,595
288,682

Surplus, Sept. 30. 1881
$320,277
chiefly represented by advances to leased lines. The

The surplus is

Ogdensburg extension is doing well, and promises to be a good invest¬

Operations and earmngs for five years past were as follows:
Div.
Gross
Net
Passenger Freight (tony
Miles
Years.
Earnings. Earnings. p. ct
Mileage.
Mileage.
6
170
1876-7..
5,065,167
5,336,245
$453,576 $220,261
4
170
1877-8..
453,145
239,292
5,205,965
5,266,280
2
ISO
1878-9..
475,508
5,221,906
6,062,017
184,977
4
1879-80..
180
315,771
5,836,600
9,204,785
590,760
4
1880-81.
180
12,918,373
246,780
7,377,199
693,170
—(V. 32, p. 205 ; V. 34, p. 113.)
Utica Chenango <£ Susquehanna Valley.—Sept. 30, 1880, owned from
Utica, N. Y., to Green, N. Y., 76 miles; branch to Richfield Springs, 22
miles; total, 98 miles. Road opened October, 1872. Leased to Delaware
Lackawanna & Western at 6 per cent on stock. Has no bonded debt.

ment.

t

...

.

...

...

.

..

earnings, 1879-80, $544,616; net earnings, $261,873; dividend
payments, $240,000.
Utica Clinton dt Binghamton.—Sept. 30, 1880, owned from Utica, N.Y.
to Smith’s Valley, N. Y., 31 miles. Opened June 22,1872, and leased to
New York A Oswego Midland Railroad. The lease was transferred to
Gross

the Delaware A Hudson Canal ©o., which pays the rental of $70,000 pex
annum.
The road is operated by the Delaware Lackawanna A Westerly
Gross earnings in 1879-80, $82,553; net earnings, $30,727.
Capitol

Isaac Maynard, President, Utica, N. Y.
Valley (N. F.) Railroad— Sept. 30, 1880. owned from Binghamton

stock, $636,285.

N. Y., to State line of Pennsylvania. 12 miles. Opened October. 1871
Leased to Delaware Lackawanna A Western. Gross earnings in 1879-80

?284,641; net earnings, $167,121. (V.Dividends paid, 60,000. Mos«s
aylor, President. New York City.
32, p. 92.)
Valley (Ohio).—(V. 33, p. 247.)
Valley (Fa9-(V. 32, p. 687; V. 33,

p. 178, 562
Vermont <£ Canada— Essex Junction, Vt., to Rouse’s Point, Vt.. 47
miles; branches—Essex, Vt., to Burlington, Vt., 8 miles; Swanton, Vt
to Canada line, 10 miles: total, 65 miles. This road has been mixed u
inextricably with the Vermont Central, by which it was leased an
operated, and the bonds of 1871 were guaranteed by the Vermont
Central.
In 1879 the stockholders voted an issue of $500,000 new
bonds to take up those guaranteed bonds.
No satisfactory repoits

Jhave been issued.

priority of
Aioans, Vt.




In December, 1880, the Court decided in favor of the

this company’s bonds.
(V. 33, p. 610.)

pal,When Due
Payable, and by. Stocks—Last
Whom.
Dividend.

,T.
M.
M.
J.

J. New York.195 Br’dway. July 1, 1908
N.
New York Oilice.
1904
Utica.
8.
Mar. 30,1882
J. N.Y., Nat.Bk.of Com’ee.
July. 18Q1
J.
do
do
Jail.’ 1, 1894
do
do
J.
N. N. Y., D. L. A W. RR.
May 1. 1882
J. N. Y., Cent. Nat. Bank. 1886 A 1890
N. Y., D. L. A W.
(0

J. A
J. A
A. A
,1. A
M. A
J. A
M. A
J. A
M. A
A. A
J. A
J. A

5:

A
A
A
A
!J. A
J. A
M. A
J. A

Bradley Barlow, President, St

4
8
5
7
7
7
8
7
8
3
6
7
5
6

3 to 6
7

*6*
6
5 A 6
3-4-5
5
4 A 5
6

Boston, E. Blake A Co.

June 1, 1872

Boston,Nat.Bk.of Eedrnl July 1, 1891
O.
Oct., 1909
J. St. Albans, W. C. Smith.
N. Boston,Nat.Bk of Redm
D.
do
do
N.
do
do
J. St. Albans, Treasurer.
N. Bost.,N.Bk. of Redemp.
O.
Boston, Olliee.
J. Boston, Fitchburg RR.
do
J.
do

Jan. 1, 1891
Nov. 1. 1886
1891
1876 to 1889
Jan. 1. 1887
1902

April 7, 1882
July 1, 1883
July 1. 1885
1920

A. A O.
M. A N

M.
M.
M.
M.
M.
M.
>J.

A
A
A
A
A
A
A

New York,
do

S.
Baltimore.
S.
do
S.
do
S.
do
do
S.
S.
do
J.! New Yorker Alexand’a
,

April 1, 1921
May 1, 1921
June 1, 1921
Mar. 1,
Mar. 1,
Mar. 1,
Mar. 1,
Mar. 1,
Mar. 1,
Jan. 1,

IPOS
1911
1916
1921

1926
1931
1927

Vermont Central (or Central Vermont).—Windsor, Vt., to Rouse’s Point,
Vt., 158 miles; branches and leased lines, 273 miles, included in the re¬
turns of the Vermont Central Company.
Other leased line, New Lon¬
don A Northern, 100 miles. This company lias been through more com¬
plicated and vexatious litigation thau-any railroad in New England.
Poor's Railroad Manual of 1879 gives the following account of it:
This company (Central Vermont) was chartered under its present title,
November 2, 1872.
The Vermont Central Railroad Company was
chartered October 31, 1843, and the road opened to Burlington
December 31, 1849.
August 24, 1849, it leased the Vermont &
Canada Railroad, then under construction, agreeing to pay an annual
rental of 8 per ce.it on its cost, and creating a mortgage on their own
road as security for such payment. This lease has been the subject of

Valley.—Line of road Provo. Utah, to Pleasant Val

Road opened in 1879.

1876-90

1,500,000

346.)
Utah d Pleasant

Where

Payable

4

1,500,000
50,000
500,000
3,000,000

500 Ac
100 Ac
100 Ac
1866-9 500 Ac
100 Ac
18 67
1872
1,000
100
100 Ac
1865
1872
1,000
1880
1881
1881
1881
100
1881
1881
1881
1881
1881
1881
1.000
1882

this company

ley, Utah, 60 miles.

7
7
2
7
7
7
3
6 A 7

500 000

500 Ac.

Utah Central— From Ogden, Utah, to Frisco, 280 miles. This was a
consolidation July 1, 1881, of the Utah Central, Utah Southern and
Utah Southern Extension. Stock placed on New York Stock Exchange
Dec., 1881. Sidney Dillon, President. (V. 33, p. 687.)
Utah d Nevada—Salt Lake City, U. T., to Stockton, U. T., 40 miles.
The Utah Western made defmdt January 1, 1878, and the road was held
Dy trustees for the bondholders, and was foreclosed Nov. 3, 1880, and

Territory.

[Ronds—Princii

When

Rate per
Cent,

Outstanding

'

Utah

discovered In tliese Tables.

0)

Missis*] uoi Railroad bonds
Vermont Central—1st mortgage, consolidated
2d mortgage, consolidated..'

2d mortgage
3d mortgage,

[VOL. XXXIV.

—

Amount

3,000,000

Central

Stanstead, S. & Cliambly bonds

Size, or

11

Valley (X. T.)- Stock
Valley (Ohio)— Mortgage for $4,000,000
Valley (Va.)—1st mortgage bonds
Mortgage bonds

of
Road.

Date
of
Bonds

$....

Utah t£ Nevada—Stock
Utah Northern.—1st mortgage
Utah d: Pleasant Valley— 1st mortgage, gold
Utica (£ Black River— Stock
Mortgage bonds
Black River Sc Morristown, 1st mortgage

Vermont t£- Canada—Stock.
Bonds, guaranteed by Vermont

BONDS.

INTEREST OR DIVIDENDS.

explanation of column headings, Ac., see notes
on first page of tables.

Utica Clinton <6

AND

great Davor by giving Immediate notice of any error

DESCRIPTION.
For

STOCKS

EAILEOAD

lvi

ilmost continual litigation since 1854. The Vermont Central Railroad
Company having defaulted on its interest and rental, the trustees under
the lease took possession of the road June 28, 1852, and it has ever
since been operated
of January, 1871, a

by them under direction of tlie court. On the first
lease was taken of the Rutland Railroad and its
leased line, the Add:son Railroad; the lessees agreeing to pay $376,000

per year,

and in ad lition $ 10,500 a year for four years; $67,500 for two

$81,000 per year for six years, aud $94,500 per year thereafter
This contract was modified February 25, 1876, as hereafter stated. In
September, 1861, a lease was also taken of the Sullivau County Rail¬
road of New Hampshire, at an annual rental of $25,000, but subse¬
years ;

quently modified so that tlie rental depends on earnings. About 1867
the managers of the Vermont Central Railroad purchased the Stanstead
Slumlord A Cliambly Railroad, extending from St. Johns, P. Q., 43 miles,
to Waterloo., P. Q., laying therefor $500,000 in bonds.
They also took a
lease of the Missisquoi Railroad. Tlie road from Canada Line to St.
Johns is also operated by this company, and is practically a portion of
it, though chartered by tlie Provincial Parliament under the title of Mon¬
treal A Vermont Junction Railroad Co. The Vermont A Canada Rail¬
road extends from Essex Junction to Rouse’s Point, with branches from
Essex to Burlington, and from Swanton to Canada line, in all 65 miles.
The 47 miles from Essex Junction to Rouse’s Point are included in the
mileage of the Central’Vermont RR.” The road is managed by a board
of trustees appointed by the Chancery Court of Vermont. J. Gregory
Smith is President. In the two years, 1876-78, the gross earnings were
$4,076,702, and net earnings, $1,461,139. The foreclosure suit has been
pending a long time on the second mortgage. (V. 33 p. 610.)
Vermont <£• Massachusetts.—lAne of road, Fitchburg to Greenfield,
Muss., 56 miles; branch, 3 miles; Vermont division from Miller’s Falls,
Mass., to Brattlcboro, 21 miles; total, 80 miles. The road is leased to the
Fitchburg RR. for 999 years at 6 per cent. The Vermont section ia
operated uuder lease for fifteen years from December 1,1870, by the
New London Northern Railroad; lease rental, $48,000 in 1880 and
$54,000 per year afterwards. But in May, 1880, it was sold to New
London Northern.
Vermont

Valley of ’71.—March 31, 1891, owned from Bellows Falls to

Brattlehoro, Vt., 24 miles, and by purchase of stock the Sullivan County
Railroad from Bellows Falls to Windsor, Vt., 26 miles; total, 50 miles.
The Sullivan County road was not operated till June, 1881. Not earn¬
ings of both roads year ending March 31, 1881, was $107,007. Divi¬
dend of 2 per cent paid Jan. 2, 1882.

Vicksburg d- Merid ian—Lino of road—Vicksburg to Meridian.

Miss.

The company was unable to earn full interest, hut paid so far as earned.
It has a land-grant of about 400,000 acres. Reorganization was made
in 1881 with bonds a3 above when all issued, arid preferred stock for
.
$1,496,482; common stock, $
(V. 32, p. 71),
Gross earnings. Net earnings.

$411,685
430,428
329,175
424,389

*

$105,829

123,364
70,314

129,386

-(V. 32, p. 71, 611, 660; V. 33. p. 75, 125 ; V. 34, p. 205.)

Virginia Midland.—December,

1881,

owned from Alexandria

to

Charlottesville to
Lynchburg, 60 miles; Lyncltburg to Danville, 66 miles; Pittsvnie
Branch, 9 miles; Manassas Junction to Harrisonburg, 114 miles (oi
whioh 49 miles loased to Balt. A Ohio); Front Royal Branch, 1 mhe:
total owned, 347 miles. Leased, Orange C. H. to Charlottesville, £o
miles; Pittsville to Rocky Mt., 30 miles: total leased, 58guiles* Total
owned and leased, 405 miles, of which 51 miles, Strashurg Junction
to Harrisonburg, is leased to the Baltimore A Ohio, leaving 354 mile®
operated. The Washington City Virginia Midland A Great Southern
was a consolidation (Nov., 1872) of the
Orange Alexandria & fillin'

Gordonsville, 88 miles; Warrenton Branch, 9 miles;

A Danville railroads.
The Orange Alexandria
(June 1,1867) of the Orange A
andria aud the Manassas Gap.
The Washington City Virginia MW’
land A Great Southern was put into the hands of a receiver Jmu.
1876, interest being m default, and was sold m foreclosure May 13.1°®;'
and after litigation sold again Dec. 20, 1890.
Reorganized as Vir¬
ginia Midland, and bonds and stock issued as above.
f T
The Baltimore A Ohio had large claims against the C<”n^?-Lq48
coupons, and after reorganization
that- company and the Gar*?1,
sold their large interest, amounting to $3,000,000 in stock, to the R*®
moiid A Danville Syndicate. The plan of reorganization was piiDusu

assas

and Lynchurg

A Manassas was a consolidation

KAILKOAD

r April, 18S2.J
Subscribers will confer

a

DESCRIPTION.
on

first page

of tables.

Miles
see notes

Virginia A Truckec- Stock (for $G,000,000)
1st mortgage bonds
Wabash St. Louis A Pacific—Stock, common
Preferred stock, 7 per cent, (not cumulative)
General mortgage, gold (for $50,000,000)
1st mort. bonds on Champaign Hav. & West
do
1st pref. incomo
1st mort. bonds on Chicago & Strawn
1st mort., gold, on Cairo Division

081

Date

52
52

or
Par

1874

....

Mort*, gold. sink. fd. $25,000 after ’82..
do
Sency mortgage
Hannibal & Naples, 1st. mortgage
8t. L. K. C. &No., 1st mort. (North Missouri)
do
real estate & railway 2d mort
do 1st *fc 2d M.onSt. Char. Bridge,coup.or rg
do
do

1st r.I., Omaha Div.,
gld, s. f., coup.or rg
1st mort., gold, Clarmda Branch
Toledo Peoria & West., 1st mortgage
do
1st pref. income, conv., int. guar..
do
2d pref. income bonds

....

1*2
0 g.
0

1,000

....

1,000
1,000
1,000
1,009

....

.

•

.

1881
1853

107

.

1,000

75
167
180
490
109

-

....

1879
1877

1,000

1879
1865

....

000
50
354
354

1,000

1874
1878

....

140
22

1879
1879
1880
1*80
1880

237
....

....

....

1,000
1,000
1,000

1,000
1.000

1,000
1,000

ble, &e
Unpaid interest

216,381

:

Connect, lines,&c.,bal.
Profit and loss

2,715
170,592
121,015

Cost of road & prop’ty $15,737,303
Construct’ll &_equip...
158,338

Materials and supplies

hand.
Connect, lines,&e..bal.
Cash
on

years

Wabash St. Louis A Pacific— A consolidation of
tlie Wabash Railway
with the St. Louis Kansas
City & Northern, November 1, 1879. Miles of
road operated. Dec.
31, 1881: East of the Mississippi River—Toledo to
E. St.
Louis, 430 miles; Decatur to Camp Point,
Quincy, 23; Bluffs to Hannibal, 50; Maysville to 129; Camp Point to
Pittsfield,
toElvaston,34; Edwardsville to Edwardsviile Crossing, 10;0; Clayton
Detroit to

Logansport,

214 ; Michigan City to Indianapolis,
161; Attica
ington, 14; West Lebanon to Leroy, 70; P. & D. Junction to St. to CovFrancisville, 109; Vincennes to Cairo, 158
; Hollis to Jacksonville, 75; Spring¬

o.l*'0 Havana, 47; Streator to Altamont, 150; Shumway to Effingham,
8; Strawn to Chicago,
100; Urbana to
102; White Heath to
Decatur, 30; Lafayette to State Line (C.Havana, & C., 40), *2 for W. St,
I. St. L.
l. &
P.,23; State Line to Keokuk, 224; Hamilton to
Warsaw, 5; La
aarpe to Burlington, 20; total east of the
Mississippi, 2,211 miles,
west of the
Mississippi—St. Louis to Kansas City, 277 miles; St, Louis
Levee toFerguson
Junction, 10; Centralia to Columbia,
Hafisbury, lb; Moberly to Ottumwa, 131; Brunswick to 22; Glasgow to
Council Bluffs,
rw’ Roseberry toClariuda, 21; N. Lexington to St. Joseph, 77; West
Trenton, 136; Keokuk to Ilumeston, 131; Relay to Albia,
24;
to Jefferson,
07; total west of the Mississippi, 1,137 miles.
Grand total east and
west, 3,348 miles.
me annual
report for 1881 was published in the
Chronicle, V. 34,
^aiKltue following comments were made: “The annual report p.
ruis
of
company is one of the most interesting reports ever issued. As late
fplr °iVei? J?r’ 1^81, the quarterly dividend of 1*2 per cent on the pre«
i? .was paid, and at the close of the year the accounts showed
La, lltfor1881 of $2,472,033, ora net deficit of $1,452,858, after
of
tlie llolllill;il surplus of $1,019,180 at the beginning
er

Lvo-i year*
rnm!Lln<?leaso
*

r
!P.au.v

The gross earnings
ov?1’ 1^80, and led
uoing
doing well. During

published

the public
November

monthly

to

showed

a

fortlmrfo r c?nsPicuous figures of the report, which account largely
uechne in net
earnings, were the operating expenses, amounting




Dividend.

Monthly.

of Cal.

Aug. 1, 1889

N. Y., Co .’s
do

Agency.

Nov. 15, 1881
June 1, 1920'
Dec., 1910

do
do

do

•

J. &
J. &
J. &
J. &

J.
J.
J.
D.

M.
F.
F.
F.
M.
F.
M.
M.
M.

S.
do
do
A. N. Y., Metropolitan B’k.
A.
do
do
4
A.
do
do
N.
do
do
A.
do
do

&
&
&
&
&
&
&
&
&

N. Y.. Co.’s Agcnev.
do
do
do
do
do

N.;

do
do

Q.-F.

7
g.

g.
g.
g.

F.
F.
A.
J.
J.
J.
M.
A.
A.
F.

....

&
&
&
6z
&
<fc
&
&
&
A

1, 1931
July 3, 1921

do

do

N.
N.

July 1, 1910

Oct.

do
do
do
do
do
do
do

do

Jan.

A.
do
’
A.
do
i
0.
do
J.
do
do
D.
do
do
J. N.Y., Nat Bk of Com’rce,
S.
do
do
O.
do
do
O.
do
do
A.
do
do
do
do

i,

Mar.

1, 1921

1921

Aug. 1, 1890
Aug. 1, 1890
Aug., 1888
Nov. 3,

1890

Aug. 3, 1882
May 1. 1893
May 1, 1878
May 1. 1893
Feb., 1907

Aug., 1889

Feb.

1, 1907
April 1, 1909
Ian., ’81 & ’82
June 3, 1909
July 1, 1895

Sept. 1, 1895
1903-1908

April 1, 1919
Aug. 1, 1919
Oct.

1,

1917

....

to

$10,792,943, against $7,787,348 in 18S0; but none of the usual
items of operating expenses are given in
detail, such as * raaintcnauco
way,’ ‘ cost of transportation,’ &o., so that it is impossible to
say
where the increase took place. The interest and
rentals in 1881
also showed a very
large increase,
amounting to $4,450,706,
against $3,140,614 in
1880, and
this
was
a
most important
change, in view of the large accessions to the property
of
tlie company in the new
lines
purchased
during
the
year.
The Auditor’s report is excellent iu
account of the terms of each lease and the animal giving a particular
charge on this com¬
pany for rentals and interest. It appears from this that the
company
was not under its full
charges for the whole year 1881. aud the charge
for rentals in 1882 will be about
$1,030,000 aud for bonded interest
$4,380,082, makiug a total of $5,410,082. against $1,150,700 in 1881—
an increase
of

during this year of nearly $1,003,000.”
following extracts will furnish all the information given i» the
General Manager’s report in regard to the
operations of the road: “ Tlie
The

result for the year 1881 shows that the net
earnings have not been sutlicient to pay the fixed charges and dividends, aud that the
company is iu
deficit. It cannot lie denied that this
unexpected result has come from
many causes, most of which were beyond our control. The
gross earn¬
ings of the road—instead of showing a large increase over the
previous
year, as would have been the case under
ordinary circumstances and

conditions—have fallen considerably below those of
1880,

taking into
account the additional miles operated. This
unexpected decrease is
owing largely to the failure of the crops, hut partially to the
very low
rates'which have prevailed on. through business for tbo
last eight
months, growing out of tlie fight between Eastern trunk
lines, over
which state of things it was
impossible for our company to exercise any
control.”
ROAD AND

EQUIPMENT.

Total miles operated
Locomotives

1881..
3,348,

458

Passenger, mail and express
Freight and all other ears
*

1880.
2,479

-561

289

cars

*372
*20.139

15,005

.

Includes narrow-gauge equipment.
OPERATIONS AND FISCAL RESULTS.

Operations—

1880.
1

Rate per passenger per

Freight (tons) moved
Freight (tons) mileage

1881.

mile

7GU

•3 o 1 r; OMl

97,774,570

Passenger mileage

137,114,727

2-398 cts.

4,533,187

Average rate per ton per mile

1,105,783,399
0-862 cts.

Earnings—
Passenger
Freight

2-239 cts.

5,393,917
1,149,774,547
0-928 cts.

$

Mail, express, &c

$

2,344,452
9,532,334

3,007,989

10,007,906
731,894

551,326

Total gross earnings
expenses

12,428,112

7,787,349

3,074,846

G2"65

Net earnings
;
Per ct. of operat’g expenses to
earn’gs

14,407,789 v
10,792,943*-

4,640,763

Operating

74-5a

INCOME ACCOUNT.

1880.

Receipts—

$
4,640,763
33,001

1891.
$
3,074,846
277,245

Total income
Disbursements—

4,074,364

3,952,091

Net earnings
Other receipts

$
483,255
2,657,360

Rentals paid
Interest on debt

Taxes, rent of cars, *fcc

514,569

Dividends

1,329,918

Total disbursements
Balance, surplus or deficit
GENERAL BALANCE SHEET

$

1,009,079
3,447,627
037,504

3,055,18 1
sur.1,019,180
(CONDENSED) AT

Assets—

Railroad, buildings, equipment, etc

Securities on hand
Materials, fuel, &c
Construction and equipment account..
Income account

6,424,128

def.2,472,037

CLOSE OF EACH FISCAL
TEAS.

$;-

83,923,952
280,119
873,875
3,110,529

$

107,658,815
435,962
1.212,245

11,578,866
1,452,858

believe

that the
was
the preferred stock
preierrcci
83% ex-dividend, and this was the time for those
knowlodge of the company’s
+
must
t0 them a foregone conclusion that aftairs to sell, as itwould
a heavy decline
*Il(? real condition of the company’s affairs became

hnriiL?-uJ^34:
liavft Ko1U
tatft
n
knnJv«la,c^iWllcn

& D.
& D.

.

51,107
223,415
80,753

$10,254,008
Total
$10,251,063
ending December til were:
Miles.
Gross earnings. Operat’g exn’scs.
Netearn’gs.
354
$1,247,576
$865,440
$381,970
1,333*540
707,988
505,557
-(V. 32, p. 0, 71, 92; V. 33, p. 250, 275, 021; V.
34, p. 2G5, 292.)
Virginia A Truckec.—Reno, Nov., to Virginia, Ncv., 52 miles; branch
line, Silver Junction to Silver City, 2 miles;
total, 54 miles. Road
opened November, 1869. The bonds are
payable $100,000 per year.
Gross earnings in 1881 were
$914,271; net, $394,564, against $149,746 in 1880; dividend
payments,) $210,000. The
stated, and the reports say that the amount of per cent paid is not
paid-up capital is not
known in consequence of the destruction
of the books by fire several
years ago.
D. O. Mills, President, San Francisco. (V.
32, p. 687.)

thimg

g.

l$15,895,701

Total

Earnings for the

385,000

....

(Jr.

3,412,081
7,423,281

0
7
2,500,000
7
7
2,496,000
7
500,000
7
300,000
7
1,000,000
7
1,500,000
2,500,000
7
2,010,000
7
2,700,000
7
0 &
2,940,357
7
1,600,000
7
201,000
500,000
7
7
6,000,000
7
3,000,000
1,388,500 0 & 7
7
2,350,000
204,000
6
4,500,000
7
1,190,000
4

1853
1803
1,000
18651,000
1862
1,000
1853
250 &o.
1858
100 &c.
1865
1,000
1807
1,000
1809
1,000
1877
500 &c

180
33
29

additional common stock, making the total $0,000,000.
The general account December 31, 1881, was as follows

300,000
2.300,000
900,000

1,000
1,000

Stock#—Last

4

5
5 g.
0 g,
6 g.
7

2,052,000
2,000,000
275,000

•

•

Q.-F.

J.
J.

rr

3,857,000

....

Where Payable, and by
Payable
Whom.

....

1,210.000
340,900
4,500,000

....

1880
1881
1881
1881
.

....

Bonds—Principal,When Due.

When

M’nthly
Q.-F. San Fran., Bank

17,000,000

1»80

.

1

23,033,200

,

Dr.

$700,000

1,000

202
270
112
87
74
75
143
75

Cent.

20,921,500

in tde June, 1881, Supplement under Washington City Virginia Midland
& Great Southern.
Of the above bonds, the first series is a first lien between Alexandria
and Gordonsville, including lease of Charlottesville &
Rapidan Railroad
and the Warrentou Branch; the second series is a second lien between
Alexandria and Gordons ville, including Warren ton Branch and lease of
Chatlottesville & Rapidan RR., and a first lien between Charlottesville
and Lynchburg; the third series is a third lien between Alexandria and
Gordonsville, including Warrentou Branch and lease of Charlottesville
& Rapidan RR., and a second lien between Charlottesville and
Lynch¬
burg; the fourth series is a fourth lien between Alexandria and Gordons¬
ville, including Warrentou Branch and lease of Charlottesville & Rapidan
RR., and a third lien between Charlottesville and Lynchburg; the fifth
series is a first lieu between Manassas Junction and
Ilarrissonburg, in¬
cluding Front Royal Branch and lease of road from Strasburg to Ilarrissonburg to the B. & O. RR and a fifth lieu between Alexandria and
Gordonsville, including Warrentou Branch and lease of Charlottesville
& Rapidan RR., and a fourth lien between Charlottesville and
Lynch¬
burg ; the sixth series is a first lien between Lynchburg and Danville,
including Pittsville Branch and lease of Franklin & Pittsylvania RR.,
and a sixth lieu on lease of Charlottesville &
Rapidan Railroad.
The $-1,000,000 income bonds were issued to retire 1st and 2d
preferred
stock, every 10 shares of preferred to be entitled to exchange for 10
shares of common and a $1,000 income bond. The
company issued

$4,902,000

Ivfl

INTEREST OR DIVIDENDS.
Rate per

100
100

1880,

....

do

Iueome bonds
Bonds issued.
Bills & accounts paya¬

BONDS.

m

1,000

....

131

Hav. Rantoul & East. 1st mortgage
1st mort., gold, Iowa Division
Wabasli, 1st mort. (Toledo & Illinois)
1st mort. (Lake Erie, Wab. & St. L.)
do
1st mort. (Great Western of 1859)
do
1st mort. (Quincy
do
Toledo)
1st mort. (Illinois & Southern Iowa)
do
2d mortgage (Toledo & Wabash)
do
2d mortgage (Wabash & Western)
do
do
2d mortgage (Great West, of 1859)
Consol. M., (on all but Dee. & E St.L.)..
do
1st mort., (Decatur &E. St. Louis)
do
do
Funded debt bds (sec.by dep’sit of coups.)

Outstanding

Value.

All.

Detroit Division
Indianapolis Division
Indianapolis P. &. Cliie.. 1st mortgage

Amount

$....

2,404
—

Size,

of
of
Road. Bonds.
.

1st mort., gold,
1st mort., gold,

Capital stock

AND

great favor by giving Immediate notice of
any error discovered in these Tables.

explanation of column headings, <fcc.,

For

STOCKS

Total

Liabilities—

Stock,

common

Stock, preferred.
Funded debt (sec Supplement)
Bills

payable..
Loans payable

88,200,475
21,614,500

20,453,000
42,094,858

330,703

3

22,338,616
$
26,921,500
23,033,200

06,291,858
355.406

1,500,000

Subscribers will confer a

great favor by giving

explanation of column
on

first page

Vabash St. Louis <£

Miles
of

headings, Ac., see notes

A Alb. RR., 1st mortgage
Chicago Cincinnati A Louisville, 1st mortgage...

Centrev. Moravia

Ware Jtirer-8tock (guaranteed)
Warren (N.J.)—Stock
2d mortgage
1st consol, mortgage
Wasatch dk Jordan Talley-Gold

1867

1873

■'

34
44
160
138
90
90
90
90
90
90
90
60
130
57
28

62

pref.)

100
100
....

884.000

1861
1866
1869.
1879
1880

1868
1870
1873
1858
1858
1867
1867
1868
1870

1872
1880

500 Ac.
SOOAc.
500 Ac.
500 Ac.

341,500
500,000
600,000
1,158,000
644,000
200,000
400,000
300,000
300,000
600,000
875,000

1,000
1,000
100
500
500
500
500
500
500

187-90.,
1,000,000

1,000

Ac.
Ac.
Ac.

Ac.
Ac.
Ac.
Ac.

1,000,000

1877
1877

1,000

1863
1865

500 Ac.
100 Ac.

1,000

544,626
500,000
560,000
850,000
800,000

1,000,000

'

1,200.000
1,300.000

1879

1J)00
1881.

$

2,682,234
1,019,180

540,000
1,359,750
313,500
1,000,000

50

1880.

$

1,000,000
400,000
1,000,000
760,000
1,800,000
750,000
600,000

500 Ac.

1855
1870
1875

1875-96

$1,204,000

500 Ac.

Consolidated mortgage

81

discovered in tbese Tables, nc(_
s—Pri
Hoi i d

pul,When Due.
Amount'
Stocks Lost
Rate per When Where Payable, and by
Outstanding
Whom.
Dividend.
Cent.
Payable

$1,000

Camden A Amboy..

West Jersey dk Atlantic— 1st mortgage
Western (Ala.)—Western RR. bonds, before consol..
2d mort.. guar, by Cent, of Ga.and Ga. RR. AB.Co.
Western dk Atlantic (Ga)—Income bonds
Western Maryland— 1st mort., endorsed Balt. City..
1st mortgage, unendorsed
2d
do
endorsed by Baltimore
2d
do
endorsed by Washington County ..
2d preferred mortgage, unendorsed
3d mortgage, endorsed by Baltimore
4th
do
endorsed by Baltimore
Funded coupons
Westei'n Minnesota—1st mortgage
Land grant bonds
Western North Carolina—1st mortgage
Western Pennsylvania—1st mort,
1st mortgage, Pittsburg Branc
General mortgage
White Water— Stock ($325,000 of it
Wheeling <£■ Lake Erie.—1st mortgage, gold

4,236,622

15.000 p. in.
Western

6 g.
7

6
V

J.
J.

3^2
3ia

A.
A.

7
7
7
6
4
6
6

J. A J. N.Y.,Metropolit’n N.Bk
J. A J. N. Y., Imp. A Trad. B’k

..

7
6
6
8
8
10
6
6
6
6
6
6
6
6
7
7
7
6
6
7
6 g.

M.
M.
J.
F.
M.
J.
A.
M.
M.
A.
A.

A
A
A
A
A
A
A
A
A
A
A
A
A
A
A

Oct.

1, 190®
July 1, 1894

Jan., 1887
J. N.Y., Farmers’L.AT.Co
J. Boston, Bost.A Alb. RR. Jan. 4, 1S82
April, 1882
O. N.Y., Del., L. A W. Kli.
do
do
April 1, 1900
O.
March 1, 1905
do
do
S.
N. Y., Kountze Bros.
N.
D. Baltimore, Balt. A O.RR.
A. Phila.. Pa.RR.Co. Office
do
do
S.
do
do
J.
do
do
O.
do
do
N.
S. Phila.; Fidelity I. T. Co.
O. New York A Savannah.
do
do
O.

1903
Oct. 16, 1881

Mch., 1883
Jan., 1896
Oct., 1899
Nov., 1909
Sept. 1, 1910
Oct. 1. 1888
Oct, 1, 1890

Oct. ’79 to ’91
Atlanta, Co.’s Office.
J. Balt., N. Mechanics’ B’k Jan. 1, 1890
Jan. 1, 1890
do
do
J.
do
do
Jan., 1895
J.
Jan., 1895
Hagerstown, Md.
J.
Jan., 18)95
J. Balt.,N. Mechanics’ B’k

Q-J.
J.
J.
J.
J.
J.
J.
J.

A
A
A
A
A
A
A

J.

J.

do
do
do

Jan., lOoo
Jan., 1902

do
do
do

1890

M. A N. N. Y., Northern Pacific.
do
do
M. A N.
....

A. A O.
J. A J.
A. A O.
M. A N

May 1, 1890
Philadelphia, Penn. RR. April 1, 1893
do
do

do
do

N. Y., Co.’s Agency.

Alabama.--Line of road—Selma to

Jan.
Oct.

1, 1896
1, 1901

Nov. 1. 1909

Opelika, Ala., 116 miles;

branches, Opelika to West Point, 22 miles, and Opelika to Columbus, 29
miles; total, 167 miles. Was a consolidation in 1870 of Montgomery*
West Point and Western of Alabama. Sold May 10, 1875, in foreclosure

purchased jointly by the Georgia Railroad and Central Railroad of
The
and income bonds were wiped out in the fore¬
88,200,475
122,338,646 Georgia.and theold Btock is represented by the bonded debt and $361,005
closure,
property
Includes audited vouohers, interest accrued, interest not due, un¬ due each of the above companies. There are also $45,000 second mort¬
gage 8s of Montgomery & West Point RR. due May 1, 1888. The gross
paid taxes, Ac.
The trustees of the general mort. for $50,000,000 are the Central Trust and net earnings have been as follows;
Gross
Bonded
Net
Co. of N.Y. and James Cheney of Indiana. It provides for taking up all
Earnings.
Earnings.
Interest.
the old bonds as they mature, or by exchange at any time the holders offer
$491,458
$121,088
$204,240
them, and reserves $33,000,000 for that purpose; and the bonds so taken
100,524
204,240
467,597
up are not canceled but remain in the hands of the trustees as the prop¬
544,107
176,652
204,240
erty of the trust. Then $6,000,000 are assigned for equipment ana per¬
579,492
183,994
165,000
manent improvements, and the balance of $11,000,000 for the acquisi¬
tion of new roads, Ac. All the roads owned and all the right and title to
Western dk Atlantic.—Atlanta, Ga., to Chattanooga, Tenn., 138 miles.
roads leased and controlled are covered by the mortgage deed.
The Built by State of Georgia and opened in 1850, and by an act of October
mortgage may be foreclosed after six months' default of interest, if a 24,1870, was leased to a company for twenty years at a monthly rental
majority In value of all the bondholders so request the trustees. First of $25,000. In 1877 gross earnings were reported at $1,091,895, and
mortgage on St. Charles Bridge is for $1,000,000, and is 6 per cent now, net, $460,905. None later given. (V. 32,184; V. 34, p. 317.)
running absolutely till 1908. The mortgage on Iowa Division was
Western Maryland.—Line of road—Baltimore to Williamsport, Md., 90
given in place of the Mo. Iowa & Nebraska mortgage bonds.
The amount of funded debt bonds of 1877, due 1907 as above given,
miles;
Emmitsburg Branch, 7 miles; Edgemont to Shlppensincludes the scrip certificates for coupons funded and deposited in trust, burg, Pa., 34mil33; total, 131 miles.
The capital stock is $682,250.
which certificates amounted January 1,1882, to $1,068,357, and are The company wTas largely assisted by the city of Baltimore, and
was unable to pay allj its
interest. A compromise was made with
exchangeable into the bonds. If not exchanged the certificates fall due
with the principal of the bonds from which coupons were cut.
the preferred second mortgage bondholders for funding coupons.
Preferrea stock has a prior right to 7 per cent (non-cumulative); then The President’s report for
1881 contained the following: ” There
Income account.

i

Par
Value.

1879
1864

bonds
City dk Pi. Lookout—1st M. bonds, gold

Sundry balances*.

Size, or

12
128
60
3S
63
128

PeoriaPekin A Jacksonville, 1st mortgage

i

[Vol. XXXIV.

immediate notice of any error

102
83
24
73
49
18
18
18

1st raort., gold (int. guar.).

Washington
West Jersey—Stock
Loan of 1883, guaranteed by
1st mortgage loan
1st
do
consolidated

Date
of

Road. Bonds

of tables.

Pacific—( Continued.) —

Quincy Mo. A Pacific,

BONDS.
INTEREST OR DIVIDENDS.

DESCRIPTION.
For

STOCKS AND

RAILROAD

Iviii

and

Total liabilities

*

and 201,259 tons
of 12,277,592 pas¬
operated by a Receiver until sold m foreclosure on Jan. 20, 1880. It sengers and 7,278,431 tons of freight a distance of 1 mile, which
was purchased by a oommittee of bondholders for $6,000,000, and re¬ .compared with 1880, show's an increase of 1,571,667 passengers and
organized as Toledo Peoria A Western. This company made a lease for 1)33,103 tons of freight carried a distance of 1 mile. The average rates
the term of its charter to the Wabash St. Louis. & Pacific on terms as ’’of transportation received during the year were l55ioo cents per pas¬
follows, viz.: That the Wabash Pacific guarantee 7 per cent on the senger per mile and 3ia100 cents per ton per mile, which, compared
$4,500,000 first mortgage bonds of the Toledo Peoria & Western. with the rates of 1880, show an iucrease in the passenger rate of iioo of
The $2,900,000 income bonds to be guaranteed
at 4 per cent a cent per passenger mile, and in freight an increase of 1810p of a cent
and to be convertible at par for Wabash St. Louis A Pacific preferred per ton mile.” ***** During the year the company’s facilities proved
stock. The $1,000,000 second preferred income bonds were also convert¬ totally inadequate for the accommodation of its business, and while
ible into Wabash preferred stock, share for share. The stock of the $64,306 was a very gratifying increase in the gross earnings, yet, with
Toledo Peoria & Warsaw was scaled 25 per cent common, 30 per cent ample means at hand, this amount could have been very greatly ex¬
•econd preferred and 50 per cent first preferred, each shareholder ceeded.”
receiving tliis amount in new stock of the Toledo Peoria & Western
The Baltimore & Hanover RR. was completed to its connection with
stock. The Toledo Peona & Western stock ($3,000,090) wasjchangable this road in 1880. The Western Maryland operations for five years
into Wabash common stock, three shares for one. (V. 32, p. 71, 289. 310, have been as follows, but in 1878-79 the construction account was
common

to 7; then both

The Toledo Peoria A

share in any surplus.

War. company

356, 386, 437. 454, 613, 685; V.
305, 387, 469, 528, 641, 687;

made default Dec., 1873, and was

33, p. 48, 75, 93, 126, 202. 224, 256,
V. 34, p. 20, 222, 317, 336, 367, 405,

435.)

Ware River— Palmer, Mass., to Winchendon, Mass., 49 miles.
leased for 999 years to the Boston & Albany Railroad at a rental
per cent per annum. I. A. Rumrill, President, Springfield, Mass.

It is

of 7

Warren, N. J.—Line of road, New Hampton Junction to Delaware
Bridge, N. J., 18*4 miles. The road is leased to Delaware Lackawanna
4c WeBtem at 7 per cent on stock and bonds. Gross earnings, 1879,

126,000. (V. 32, p. 611.)
t490,040; net earnings, $313,198; interest paid, $92,698; dividends,

moved during the year 498,090 passengers
freight, being equivalent to the movement

were

of

closed and all expenses
net

r

IS76-77

basis
Net

charged to operating expenses, on which

earnings have since been
Passenger
Mileage. '

4,692,089

6,582,241

5,180,982
5,469,519
6,645,328

7,411,061

8,502,388

10,705,925
12,277,592

relatively decreased.
Freight
Gross
Mileage.
Earnings.

.

7,278,431

—(Y. 34, p. 85.)

$332,086

347,202
347,442
397,564
461,871

Earning?-

$112,145
129.9JJ

73,09£
§8,2,8
85,952

Minn., to Braincrd, Minn., 61
w —
—
Leased to the Northern Pwinc
Wasatch dk Jordan Valley.—Brigham City, U. T., to Alta City, U. T.,
44 miles.
In 1878 the Brigham Cafion & Camp Floyd was merged Railroad May 1, 1878, for 99 years. Stock, $800,800. Last dividend
in this, and it Is stated that there are mortgages prior to the above. July 1, 1881, 3 per cent. The land grant is 537,842 acres. George nFor three years, 1876-7-8, the average net earnings were $131,186 Becker, President, St. Paul, Minn.
per annum. Stock is $1,100,000. C. M. Scofield, President, N. Y. City.
Western North Carolina.—Hoad extends from Salisbury, N. C., to
Paint Rock, Tenn. State line, 184 miles. The road was financially em¬
Washington City dk Point Lookout.—Hyattsville, Md., to Shepherd,
barrassed. and v'as purchased April 17, 1875, by commissioners tor i
Md., 13 miles. This road was opened in 1873. It is leased to the Balti¬
d per annum. The stock paid in is State of North Carolina, and subsequently finished by the Kieliniona «
more & Ohio for $36,000 gol<f
Danville Terminal Railway Company. It is pro posed to complete in
$1,000,000. Same officers as altimore & Ohio Railroad.
road to Cleveland, Tennessee.
Stock, $1,400,000. (V. 32, p. 100, ”•
rev.—Mair
West
33, p. 346, 385, 580; V. 34, p. 179, 366.)
Jersey.—Mainjine^-Camden to^ Cajpe May and Bridgeton, 111
miles; leased lines, 27 miles; total, 128 miles operated. The company
Western Pennsylvania.—The road runs from Blairsville to Alleghany
holds as assets $680,000 of various stocks and bonds. The bonds due
miles; branch to Butler, Pa., 21 miles; total, 84 *3 nn
in 1883 arc reduced by purchase and bonds of 1909 increased accord¬ City, Pa.,
ingly. In 1880 the rentals of Swedesboro RR. and Salem RR. were $37,- Completed in 1865 and branch in 1870. Leased to Pennsylvania Kan ,
514 more than their net earnings; the net profits over int. and rentals road, the lessees paying net earnings to lessors. The Pennsylvania nu
road, lessee, owns $993,050 stock out of tlio total amount ot $'
on entile line were $62,925.
Operations for three years past were:
$288,000 of branch bonds, and all of $1,200,000 general luortg |
Freight (ton)
Gross
Net
Passenger
bonds. In 1878 gross earnings were $547,175 and net ear-mugs $201,
Mileage.
Earnings.
Earnings.
Mileage.
$253,8i2
*
1879
5,217,286
$586,178
White Water.—Harrison, O., to Hagerstown, Ind., 62 miles. This
16,674,109
5,557,065
758,690
275,561 ormerly the White Water Valley, sold in foreclosure May 2,18/».
25,372,305
427,572
1881
99L600
eorganized under this title. Net earnings in 1878, $17,645; m
$14,099; in 1880, $210. Elijah Smith, President, Boston, Mass.
—(V. 32, p. 366 ; V. 33, p. 256; V. 34, p. 317.)
Wheeling dk Lake Erie— Road under construction—Wheeling* W.
West Jersey dk Atlantic.—Newfleld, N. J., to Atlantic City, N. J., 34
^nncU '
miles. Opened June 17,1880, and operated by West Jersey Railroad to Toledo, O., 200 miles, and branch, Norwalk to
miles. In February. 1880, about 100 miles had been ^manea.
on a joint traffic agreement and 25 per cent or gross receipts on West
offered in New York, July, 1880 by N. Y. Now England & Wester
__

_

^

Western Minnesota.—Sauk Rapids,
Road opened Nov. 1, 1877.
miles.

..........

Jersey from traffic of this road to be applied as

Block is $500,000,




sinking fund for bonds.

vestment Co.

(V. 34, p. 52.)

April,

RAILROAD

1882.J

STOCKS AND

BONDS.

Subscribers will confer a great favor by giving Immediate notice

1876-90

DESCRIPTION.

on

first page

Miles

Date
of
of
Road. Bonds

of tables.

Size,

Amount

Outstanding

187-9 1879-0 1879-0
Wilmington Columbia <£

Augusta—Stock

$....

New mortgage

179
179

gold

Wisconsin Central—Consol, rnort., land grant, pref.
?
1st series—
2d aeries, income
Wormier <£ Nashua—Stook
Bonds, mortgage
Bonds, mortgage
Bonds, mortgage
Nashua <K Rochester—Stock
1st in., guar,
do
do

Wilmin
N. 0., to Columbia,

....

....

•

t..

....

.

l

•

326
326
326
46
•

•

•

.

....

...»

....

1873
1875

....

48

....

....

100
100 <fcc.
500 &e.
1000&O.

....

....

1874

500 &c.

Augi

3
6
3
6
7
7
5
2 to
2 to

1,456,200
644,700
221,400
749,000
400,000
3,800,000
5,700,000
1,789,800
275,000
250,000
400,000
1,305,800
700,000

....

1879

•

48

.

1879,
1 879

....

(for $700,000)

100

....

Rato per
Cent.

$960,000
1,600.000

....

....

Wilmington <£ Weldon—Stock
Sterling bonds...
do
do
Sinking fund bonds,

1880

....

discovered In these Tables.

INTEREST OR DIVIDENDS.

or

Par
Value.

of any error

g.
g.
g.
5
7

1*2
5
5
5

1*2
5

When

Payable

Where

lianas—i^riuol-

pal.When Due.
Payable, and by Stocks—Last
Whom.

Dividend.

J. & J.
J. & D. Balt., Safe
Deposit Co.
J. & D.
J. & J.
London.
M. & N.
do
J. & J. N. Y. ,Bost. ,Lond., Frank
M. & N.
Bosto-i.
J. & J.
do
J. & J.
do
1
J. & J
Worcester, Office.
Various
do
do
A. & O. Boat., Globe Nat. Bank.
F. & A.
do
do
A. & O.
Worcester,' Office.
A. & 0. Boat., Globe Nat. Bank.

Jan. 14, 1882
June, 1910
Jan. 10, 1882
1881
1886
1896
5 p. ct. yearly
1909

1909

Jan.

2, 1882
May 1, 1887
April 1, 3 893
Feb.

1, 1895

Oct.

1, 1881
April 1, 1894

bonds, to draw interest if earned (but not cumulative), 2

per oent for

8. C., 189 miles. In 1880-81 there was expended three years, and 7 per oent thereafter. Interest ou the seoond series is
189
$42,000 out of earnkigs for looomotives. Paid 3 per cent dividends for payable J. and J., L>ut dependent each time on the net earnings of the
naif year ending six months before. The stook of
1880 and 1881. Eatniugs have been:
$11,500,600 remains,
Gross Earu’gs.

Years.

$518,225
509,699
478,309

:

Net Earn’gs.

$87,630
98,659

defloit.

8,010

547,446

1 45.423

640,956

-

135,917

Road was sold in foreclosure, October, 1879, for $860,500, and re¬
organization is in progress. The scheme of reorganization (whioh was
carried out) provided that a new corporation should bo created, with a

capital stock of $960,000 and $1,600,000 in thirty-year first mortgage
bonds. The holder of $2,000 of the old oonds, togetner with the certifi¬
intorest, received a $1,000 bond of the now company,
and in addition six shares of stock. The plan adopted provided only for

cates for funded

the first mortgage bondholders, and cut off income bonds, $600,000;
certificates of debt, $336,000; floating debt, $879,022, and the capital
stock of the old company, $300,000. (V.33, p. 68 6.)

Wilmington <£• Weldon— Road extends from Wilmington to Weldon,
N. C., 163 miles; branoh to Tarboro, 17 miles; total, 180 miles. Was leased
November, 1872, to Wilmington Columbia & Augusta Railroad for 99
years. The lessees made default Deoember, 1877, and the lease was sur¬
rendered April 13,1878. For three years, 1879-81, 3 per ceut yearly
dividends were paid. The earnings and expenses for live years have been:
Gross

Net

Gross

Not

Earnings.
$603,175
750,916

Earnings.

Wisconsin Central.—Doc. 31,1881, owned main line and
Stevens Point to Monasha, 69 miles; do. to Ashland, 186

branches

Years.
PTC-77

Earnings. Earnings.
$548,462 $156,908
488,448
176,277
505,978
175,693
-(V. 33, p. 685.)

Years.

Portage City, 70 milos; branches, 7 miles; total

$221,698
303.833

miles; do. to

owned, 332 miles.
Leased, Milwaukee & Northern road, 124 miles, and Milwaukee to
Bchwartzburg, 9 miles. Total operated. 465 miles. The Milwaukee &
Northern lease is terminable on six months' notice, and on Feb.
1, 1882,
the Wisconsin Central gave notioe. A foreclosure suit was
begun in
Sept., 1878, and in Jan., 1879, the road was taken possession of by the
trustees for bondholders, who still operate it. There is a
land-grant
of over 800,000 acres, and on March 1, 1882.
proposals were received
for $100,000 bonds to be taken up with
prooeeds of land and stnmpage
sales. The full plan of reorganization (now
practically' acoomplishod) was
given in the Chronicle, V. 29, p. 303. This embraced the issue of a new
consolidated mortgage to cover $400,000 5 per oent
preferred bonds ;
$3,800,000 first sories bonds, bearing 2 per ceut for throe years from
July 1,1880, and 5 per cent afterward; and $5,700,000 seoond series




$2,000,000 of it preferred and $9,500,000 common, and is all
deposited
in trust with Stewart and Abbott,
Trustees, to be voted on until all interest
is being earned and paid on new
bonds, and in the judgment of the trus¬
tees is
likely to continue so to be. Certificates for now stook have been
issued to tne old stockholders, which
pass as a delivery on sales. Iu
March. 1882, a circular was issued, inviting
subscriptions of $1,400,000
to build

a 65-mile extension from
Noenah south to Sohleisingerville.
The object was to get a
paying independent line to Milwaukee and
towards Chicago. For $10,000, subscribers are offered

$10,000 first
mortgage 6 per cent bonds, $2,000 5 per cent (cumulative interest) in
come bondsr$l,000 6
per ceut (cumulative dividends,) preferred stock
and $2,000 common stock-in all
$15,000,*at par, of securities. Stock¬
holders have the right to subscribe in the
proportion of 1 for 8 of their
holdings of Wisconsin Central stook. The Wisconsin Central will lease
the new road for ninety-nine years.For four years past the earnings,

&c.,

were:

Years.

Miles.

1876-7..
1878
1879
1880

449
449
455
460

Passenger

Freight (ton)

Mileage.

Mileage.
5,889,367
5,661,975
6,385,319
8,746,766

22,984,236
23,225,583

Gross

Earnings.
$718,743

*

Net

Earnings.
$108,964

733,819
122,863
851,090
193,090
41,550,726
1,146,352
265,748
-(V. 32, p. 124, 207, 579, 634; V. 33, p. 491, 580; Y. 34, p.
147, 317.)
....

...

...

Worcester cf*

46
94

30,920.076

Nashua.—Sept. 30,1880, owned from Worcester to Nashua,

miles; leased,

Nashua

&, Rochester, 48 miles;

total

operated.

miles. Paid regular dividends of 10
per oent for some year*
before 1874-5. In 1875-6 the leased line charges (Nashua &
Rochester, 48
miles) first appear in the accounts, and the Worcester & Nashua paid
only 5*2 per cent dividends in that year. The rental charge
being
plainly too heavy, an agreement was made in 1879 to roduoe the
interest on bonds to 5 per cent, and the dividends
on
Nashua
& Rochester stock to 3 per cent
per annum. The interest on Worcester
& Nashua bonds was also reduced to 5
per oent, and surplus earnings in
any year above requirements for interest and 3 per oent on eaoh stock
aro to be apportioned between the stock of each
oompanv aooording to
the relative number of shares. 1h 1880-81 had a
surplus of $145 over all.
charges and a dividend of 3 p. ct. In addition to above there aro $37,000
5 per cent W. & N. bonds. Five
years’ operations were as follows:

Years.
1876-7....
1877-8....
1878-9....
1880-81

..

Miles,
94
94
94
94
94

—(V. 33, p. 580.)

Passenger
Mileage.
6,383,990
5,703,761
6,16^,871
6,784,960

7,222,090

Freight
Miloage.

Gross

Earnings.

Net

$497,239
473,240
473,081

14,995,020

Earning*.
$157,260
168,351
165,495

553,592

167,033

10,153,062

586,770

155,196

10,063,658
9,961,740

12,123,444

’♦“•'Si

Subscribers

will confer a

Miles I

DESCRIPTION.
For

headings, Ac., see notes
on tirst page of tables.

explanation of column

Chesapeake—Stock
Mortgage bonds
Chesapeake <£ Delaicare—Stock
1st mortgage (originally $2,800,000)
Chesapeake & Ohio—Stock
Maryland loan, sinking fund

m

14

184
184
184
184

(Conv.into L.C.AN.stck.)
years in 1878)
1

do

and reg
Div. ($10,000,000)
Lehigh Coal d Navigation—Stock
Loan, conv., coup., gold (assumed L. A W. Coal Co)
1st mortgage, registered
1st mortgage, registered, railroad
Mort. loan, g. ($2,810,000 assumed by other co’s.)
Debenture loan of 1894, coup
1st M., coup. A reg., on Penn.

*

....

339

....

....

Loan,

debenture mortgage

Loan,

debenture

•

'Consolidated mortgage loan
Greenwood 2d mortgage, reg.

Extended, 1877..

n'ris—Stock, consolidated
Preferred stock
New mortgage (for $1,000,000)
Preferred stock scrip

4

j

Navigation—Stock, common..

Preferred

RK—

extended.,

mortgage,
2d mortgage

bonds, coup,
Improvement bonds
Boat and ear

2,988^000

50
50

840,200
3,210,450

1,000
1,000

....

(payable by P. & R.)

loan

loan

1,000

mortgage
Susquehanna Canal, common bonds, Ihl mort
do
pref. bonds, 1st mort
do
pref., 1st T. W. priority b’ds.
do
bonds of 1872, 4th mort

1

....

.

.

.

’44-’64j

500

500

227,500
97,840

1,000

250,000

1841-4

....

85

1872

3,000,000

....

....

J.
J.
J.
J.
J.
M.

A J.

A J.
A J.
A J
A J.
A N

1883-’84
Feb. 4, 1882
Feb. 4, 1882

RR. Co., Phiia.
do
do
do
do

Nl;

n.
p

II
m

1$

y

li
g

April 1,1906
Oct., 1885
Feb., 1886
July, 1910

Aug. 15,1881

1
4

1882 to. 1907

i

Aug.'15,1881

do
do
do
do
do
do
do

do
do
do
do
do
do
do

Q. -M.

|

1882 ’
June 1, 19U
1892

Philadelphia, Office.

J. A J.
J. A J.
M. A N.
M. A N.
M. A N.

Dec. 3, 1881
1894
1884
1897
1897

Dec., 1882

Phiia., 233 So. 4th St.

J.

A
....

6
6
6
6
7

1,323,000

1,000

A.
S.
A. Leh. Val.
do
A.
do
0.
do
O.
do
A A.

J.

....

1,000,000

.

!

....

....

2,002,746

50

1839
1859

....

Maryland loan, 2d

756,650
628,100

1,000

45

Susquch a nn a—Stock

228,000

D.
D.
I).
D.

A
A
A
A
A
A

6
6
6
6
6
7

1,200,000

1,000

1870
1863
1864

A
A
A
A

$i

3,990^390

....

....

J.
J.
J.
J.

Sept. 1. 1917

do
do
do
do
do
do
do
do
do

do
do
do
do
do
do
do
do
do

8.

Q-J.
Q-F.

6
50c.

1,709,380

....

....

Mortgage

Boat and car

103,164
4,501,200

1,000

....

....

5
7
7
7

780,000
220,000

various.

1870

2

1,175,000

various.

1865
1869

337
108

6

1,000

1876

....

stock

1st

....

7

1,025,000

50

Pennsylvania—Stock
General mortg., interest guar’d by Penn.
Schuylkill

103
103
103
103

6
7

245,000

M. A

F.
M.
F.
F.
A.
A.
F.

6

643,000

various.
100
100

....

.

July, 1886

1891
1894

Philadelphia, Office.

Q~M.

6 g6
6
6 g.

2,470.750

1,000
1,000

....

....

dividend

Var.

1872
1871
1872

•

«...

if

Boat loan

•

....

-

Scrip

.

4.653,000
106,190
41,550

do
do
New York, Office.
do
do

J. A J.
A. A O.
M. A S.

2

2,000,000

Var.

....

7
7
7
7

771,000
5.3S1.840

500 Ac.
Var.
Var.
500 Ac.

18(51
1867
1867

....

1%

11,273,400

50

....

1869

....

6

3,465,000
5,549,000
4,829,000
5,000,000

July I. 1QAQ

1870
1890
London.
1885
J. A J. Balt., A. Brown A Sons.
Feb. 16. 188-2
Phiia., 258 So. 3d st.
F. A A.
Julv 1. IttQQ
do
do
J. A J.
Mcli. 10, 188<>
Bk.
Q-Mch. N. Y.,do of Commerce.
do
1884
J. A J

1%

20,000,000

1000Ac.

*

r

100

1,000
1,000
1,000

1874
1877

Fc

Dividend.

Whom.

Q-J.

6

800,000

....

Payable, and by Slocks—Last

Q- J.

6
5

1,633,350

'

1869
1871

6
....

1,699,500

1,000

1858

Where

When

Payable

J. A J. N. Y., Union Trust Co.
Philadelphia, Ottioo.
J. A D.
do
do
J. A J.
J. A J.
Balt., A. Brown A Sons.

7
....

4,375,000

50

....

....

500,000
2,078,038
1,993,750
8,229,594
2,000,000

25
500 Ac.
500 Ac.
500 Ac.

....

Cent.

$1,500,000

50

....

Rate per

I

Vario’s

....

60
60
148
148
148

Amount

$....
1,000

....

Bonds-Princlnotice of any error discovered in tbese Tables. Due.
INTEREST OR DIVIDENDS.
pal,When

Outstanding

Value.

1856

14

Delaware Division— Stock,
1st mortgage (extended 20
Delaicare d Hudson—Stock..
2.st mortgage, registered

Par

1879

....

Guaranteed sterling loan
Bonds having next preference

do

Size, or

Date
of
of
Canal. Bond.'-

Ibcrmarle <£•

A

giving Immediate

great favor by

[VOL. XXXIV*

BONDS.

STOCKS AND

CANAL

lx

1895

May, 1880
May, 1913
May, 1915

Phiia. and Baltimore.
do
do
do
do
do
do
do
do

Philadelphia, Office.

8
%

r

i

Jan., 1885
Jan. 1, 1918
Jan., 1894
Jan., 1894

Jan., 1902
May 1,1883

-

I’Ll

Vnion—1st mortgage

York Stock
Chesapeake & Dclaware.—Delaware City to Chesapeake City, Md.
Chesapeake d- Ohio—In a suit against the company the Court (January,
1881) declined to appoint a Receiver, but ordered the company to report
stated times its receipts and payments. (V. 32, p. 43:)
Delaware Division.—’Leased to Lehigh Coal & Navigation Co. at interest
bonds and 4 per cent a year on stock, payable till February, 1880, in¬
clusive, in scrip, then till August, 1881, half in scrip.
Delaware d: Hudson—Tins company, which is among the largest miners
and carriers of coal, leases the Alb. A Susq. and Rensselaer A Saratoga
railroads. Also endorses bonds of N. Y. A Canada RR. The income
for 1881 showed net surplus receipts of $2,102,404, against
$1,351,423 in 1880. The annual report for 1881 was given in V. 34,
A

Ibcrmarle <£•

Exchange

Chesapeake.—Securities placed on New

list February,

1880. Prest., Marshall

Parks, Norfolk, Ya.

(in purchase ot

on

Comparative statistics for four years ‘
INCOME ACCOUNT.

1880.

RECEIPTS.

.$1,157,000

Miscellaneous

$1,375,592

$17,(

$51,792

$59,101

c.:
Alex?

receipts

1881.

$

$

$

.

9,328,763

.

Miscellaneous profits
Coal on hand (Dec. 31)

5,764,477

41,025

80.146

91,408

672,785
398,219
311,781

535,264

Balance

Disbursemen ts—
Coal on band Jan.

59.591

595,663
326,635
630,643

6,818,867

Penn.
Interest on investments...
Railroad earnings in

7,985,118

$

341,036
2,264,228
618,252
1,348.970

$
673,651
3,003,893
641,951

7,210,524
42,810
93,516
727,283
561,948

312,243

58,400
243,537
345,075
805,914
301,858

DISBURSEMENTS.
-

.

canals
coal and coal

Taxes chargeable to
Taxes chargeable to
Taxes on capital stock

land

.

$

The balance to credit of dividend
Dec. 31, 1881, was $471,445.
The President’s report for 18^1

1
Tol

fl.5-J

$15, (
perse

$3,G(

rak

Jamii
Davii

tary

70,147
915,039

$1,261,668
$613,924

Bos
of

bored

32, p.

Bos,
8£
the pr
are

on am

financ

on

6,190,766
8,643,783
Real estate
Mines and fixtures
2,679,077
■Coal-yard, barges, Ac
877,7S4
Lack: A Susquehanna RR. 1,022,293
8<v,ond track Alb. A Susq
New York A Canada RR.. 3,597,074
Railroad and

equipment..

Cherry Val. A Sharon RR.
Meehan. A Ft. Edward RR
Sclien. A Meehan. RR
Coal on hand Dec. 31

305,991

6,220,669
8,795,657
2,699,590
720,487
1,022,293
3,597,074

300,000

672,785 535,264
439.020 368,773
royalties 617,246
605,326
Miscellaneous assets
4,295,445 4,180,701
Telegraph ami Car Co
69,410
69,410
Supplies on liaud
958,667 878,000
Cash aud bills receivable.. 2,314,268 3,140,116
Advances to leased
Advances on coal

lines..

Total assets

Liabilities—
Stock
Bonds

*
Miscellaneous accounts...

69,409

962,130

3,785,656

69,409

1,148,322

3,SS4,0S8

39,610,006 40,981,301 41,041,614 40,902,484
$
$
'$
$
20,000,000 20,000,000 20,000,000 20.000,000
18,333,000 19,837,000 19,837,000 18,813,000

1,277,006 1,144,301 1,003,827 823,053
Profit and loss
200,786 1,236,431
Total liabilities
39.610,006 40,981,301 41,041,614 40,902,484
♦‘These miscellaneous assets iuclude the following: Jefferson RR
bonds (108), $86,710 ; Albany A Susquehanna consols (762), $762,000;
Lehigh Cool &




Navigation.—The Central

payment of a

“

587,185 1,208,726

Profit and less
"

considerable part of this sum. * * *
“The first mortgage 0 per cent, loan of $5,331,840 matures in April,
690,397 1884, aud may be paid off in whole or in part by the sale of
740,791
by the
1,022,938 1,022,938 controlled rate of company, and *the balance (if any) probably of
interest.” *
* “ The balance to the credit
1,07-1.808 at a lower
loss account is $2,287,988.”
...
‘ *
3,597,074 3,597,074 and 1 lie floating debt, less cash assets, is*about $700,000; against wnicn
300,000
300,000
16,146 the company holds $746,000 of its consolidated 7 per cent bonds,
200,773 000 Delaware Div. Banal Co. bonds, and 18,901 shares of its own stock.
“The third instalment of the extended debenture loan was paid, at
345,075
727,283
400,015 maturity. Dec. 10, leaving only $106,190 due Dec. 10 next of the
608,894
Clo-,514 779 loan that matured in 1877.” (V. 32, p. 2 04, 231; V. 34, p.
613,181
4,291,706 *2,985,349
Moms.—Leased April, 1871, to Lehigh Valley Railroad for

8,846,316 9,027,804
2,713,957 2,729,311

Railroad of New Jersey

securities
extended
profit
$30(Y

229.)
999
years.
The lessees assume bonds and scrip, and pay 10 per cent per
pref. stock and 4 per cent on consol, stock.
Pennsylvania.—Worked in interest of Pennsylvania Railroad, which
guarantees interest on bonds. An old mort. of $90,000 is due m laso
Earnings in ’80, $368,769; net, $190,943; interest,taxes, Ac.,
earnings in 1881, $370,105; net, $107,793; interest, Ac., $185,115Schuylkill Navigation—Leased from June 1,1870, to Philadelphia
Reading for 999 years. Rental received in 1881, $351,459 In 18oC* u«?
defaulted on the rental and an attempt was made to scale ao»
some bonds, and certain propositions made by u*
Receivers of the Philadelphia A Reading Railroad have been cameu
See annual report in V. 34, p. 202. (V. 32, p. 17,184; V. 34, p.
Susquehanna.—Leased and operated by Philadelphia A Reading B.
road for interest on bonds and half of net earnings
Deo. 31, looL n
floating debt was $249,070, including $227,660 accrued interest.
annum on

lessees
the interest on
out.

l7nwK.-~Sto.3-k, $2,907,850

$1

$139,

Taxes

arc

c

$1,00

fund Dec. 31,1880, was

tax

;

Am

this

932,231

$194,236;
Coal transportation, Ac...
said: ‘ The production of coal was
1,761,195
•Canal freight and exps
648,148 tons, an increase of 94,978 tons over 1880.”
* * * “Our
1,340,956 1,234,449 1,343,973
Interest
366,578
350,916
total revenue from all sources was $1,875,592, a gain of $265,915 over
406,883
and miscellaneous.
14,042
316,059
1880. The decrease in fixed charges, $25,995, added to this makes a
498,562
Ixiss
leased railroads...
1,351,429 2,102,4*04 total gain of $291,911 in net revenue over the preceding year.
Balance
A dividend of otic dollar per share was paid to the stockholders in
Total
6,818,887 7,985,113 8,948,327 11,0;>3,547 December last, and the balance remaining to the credit of the dividend
fund at the close of the year was $471,44o. From this balance must be
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1881.
1880.
187S.
1879.
deducted whatever sum shall be paid to the State under the four-null
$
$
law for tlio years 1879, 1880 and 1881. The amount for which we
$
Assets—
$
6,339,210 6,339,210
to be held liable is $81,248, but we expect to be relieved from the
•Canal, &c
6,339,210 6,339,210 6,414,759 6,456,258
1

Mining coal

Depr

97,050
120,330

$1,287,664
$322,011

8,948,327 11.083,047
727,284
3,985,304
755,331
1,737,979
1,374,781
400,401

-

97,050

125,438
2,568 |
42,983 1
22,725 l
12.876 J

.

$
535,264
3,171,369
596,827
1.568,245

Add

13,316

1880.

39,100

8urp

7,737

by lessees

1879.

5,229,266

C

1881.

$1,429,468

.$1,609,676

Royaltf on coal mined
Revenue from rents

.

$

Receipts—

Salar
Lega

6,076
33.728

Water Powers Lehigh Canal
Delaware Division Canal
Net profit on Lehigh Coal

1878.
Sales or coal
Ganal tolls

Bom

55,830
13,947
74,044
240,742
7,573
35,660

108,666
19,755
90,176
185,626

.

account

202.

Ship

Taxt

convertible gold loan due 1894. There is also
$140,000, due Oct. 1. 1882. The Board
1880 and 1881 has the following state

and $771,(K)0 (all) of the
a 1st Greenwood mortgage of
of Managers’ report for the years
ment of receipts and disbursements:

at

p.

Can?
Mini

equipment) $2,310,000 of the gold loan dHe
1897, and Leases the Lehigh & Susquehanna Railroad. The Lelilg-h. <fe
Wilkesbarrc Coal Company assumes $500,000 of the gold loan due 1897,

assumes

Can

1881,
P-117
,

hfifflo
andgi

Cem
endim
and ir

the fo]

$575.£
Plaint

fl,78C
Bonds
Colo

spring
Iinnro
Colora
Grind
the del

Centra

Colora
ronsol
April I

"(V. 3
Cons

Coaojj

Thegp
(

lot. ex
but i]

MISCELLANEOUS

1882.]

April,

STOCKS

confer a great favor by giving Immediate

snbacrlbers will

J)2£3CRfPTION.
For exUanation
1

Ac.,

of coliunu headings,
hist page of tables.

Date
notes on

see

Bonds

,

• -

1874

«KK^&oi^ifthof land sales). !!!
bonds, gold, sixes (for $2,500,000)
miofjffi

1873
1874

_

^

i«t mortgage

(convertible)

let mortgage,

1880
1864
1872

-

sinking fund

1808

j

1,000
£200

i

1875

|

Mortgage bonds (for $500,000)
-

—

Maryland Union Coal—Stock.

Mutual Union Telegraph—SUwj.
1st mortgage bonds, gold
New Central Coo /-Stock.
Keio York d Straitseille Coal d tron—Stock
Xeic Yorkd Texas Land /Limited)—Stock
band scrip receivable 75 per eeut for lands
Debentures, registered
-

-

-

-

188 L

i,6oo

7

A D.

J.
J.
J.
M.

A J.
A J.
A J.
A N.

scrip.
6 g.
2
7
6
6
8
1

•

.

•

Sept. 10, 1877

•

•

•

Boston, Otlice.

Nov.

do

London, Brown S. A Co.
New York or Loudon.
Baltimore.

Jan.
Jail.

London.

1900

•

J. A J.
J. A J.
A. A 0.

N.Y.,Office,47William

St

N.Y., Co.’s Office, 71 B’y Jan. 27, 1862
do
do
Jan., 1685
do

do

Jan. 1, 1897
Oct. 15. 1875

New York, Office.

Q.-F.

Nov., 1893

Boston, Treas. Office.

May 1, 1882

New York.

Jan. 1, 1886
Jan. 1, 1876
Nov. 1, 1906

A J.
....

50

.....

6 g

5,000.000
1,500,000
1,500,000

New York.

O

1911

New York, Office.

.

I

1, 1904
1, 1904

Jan., 1875

M. A N. N. Y., at Ill. Cent. R. R.

7

12, 1872

June, 1684

•

F. A A.

J.

5,000,600

100
100

-

M’lithlv

Jan.

15, 1681
April, 1860

New York,

r

6,000,600
322.515

--

information.
American Cable.- -The stock of $10,000,000 was parti - paid
up. and in
April 1882, a pooling arrangement was made with the ot her cable com¬
panies, by which this company receives 22 por cent of business. Then
this company's cable was leased to Western Union, with a
guaranty of
no

^

cent per annum on the stock.
American Coal,—There are mortgage bonds for $200,000. The
annual
report lor 1880 gives the following information:
Received for coal sold and delivered, earnings of canal
boats,
rents and interest
$465,931
Coal on hand, value
it per

Canal and railroad transportation
Mining, superintendence, labor, Ac

Shipping expenses, Alexandria, Balt. & Jersey City
Taxes...

$490,613

$287,944
115,630

Legal expenses
Gains, 1880

Surplus, December 31, 1879

$27,056

27,056—

boats, Ac

463,587

208,002

9.542
Present surplus
$225,357
Total assets December 31,
1880—Lands and real estate at mines,
81.542,365; real estate at Jersey City,

are

held to retire old bonds.

Pennsylvania, and

Company’s bonds.

Cumberland
A coal

assumes

company of Somerset Count}', Pu.

only $17,000;

no

Guarantees
$135,000 of

(V. 32, p.287; V. 34, p. 290.)

d Elk Lick Coal— Admitted
to Stock List

January, 18.80.

Bonded debt
outstanding
Hunting debt. Alex. Shaw, President, Baltimore.

Iowa Railroad
March 31, 1880.

Land.—The

Mariposa Land

total

lund

owned

was

451.609

acres

d

Mining.—An assessment of $5 per share was duo
a 30 per cent stock dividend was
made on stock
which paid tho assessment.
(V. 34, p. 291.)
and

Coal— Stock placed

See statement V. 30, p. 466.

Mutual Union

$207,8-13

gains, 1879

also bonds of tin* Cumberland A
the Union Mining

Maryland Union

161—

1900

....

—Consolidated mortgage bonds

1880.

28,876
6,025
11,729
13,219

Bond and scrip interest to March 1, 1880;
Salaries, office and contingent expenses

7

4,712 March, 9,1882,

^

on

J.

York, Office.

5,000,000
10,000.000

....

Depreciation

Y., Company’s Office. Jan. 3, 1882

J. N.

s.

6 g.
6 g.
6
6 g.

161.000

100

,

1881

A

5,000,000
0)
4,400,000

100

1,

J.

10.000,000

1,000

-

Dec.

'

400,000
7,620,000

1,000

Y., Company’s Office.
New

1,000,000

100
100
100

Dividend.

M. A S.

10
7

500,000

1,000

....

N.

Stoc ks— Last

3

600,000
2,400,000
10,000,000
3,140,000
10,250,000
387,000
752,000

1,000
1,000

Where Payable, and by
Whom.

...

1,073,000
783,000

1,000

KmiY/s—l>riiu«L
Bonds—Priucipal.When Due.

2*2

,

717,875
575,000

1,000

;

Maryland Coal—Stock:

Add

Q-M.

4,720,815
2,148,000

100
100

Preferred stock

Express. -No reports;

2

1,500,000
2,400,000
18,000,000
800,000

100

consolidated, convertible

A dams

Pay’ble

10,000.000

r

500 Ac.
500 Ac.
100
100

^ end>f (8. f. ground rents on$144,800)
Central New Jersey x«^/—8tock
Colorado Coal d iron—Stock
1st consol, mortgage, gold
Consolidation Coal of Maryland-Stock.

Cumberland Coal d frou—Stock
Cumberland d Bile Lick Coal—Stock
Dunleilh d Dubuque Bridge-Bonds,
loir a RK. Land Co.-Stock.
Mariposa Land d Mining—Stock

^

100

1st mort.. end. (sink, fund, rent-son $220,163)

bonds

When

Cent.

25
•100
100
10
50

Express^Stock
— ~
Boston Water P^;^°> «nn d,*>\
Mortgage bonds (for f£»£0’000)
Union

Rate per

$100 $12,000,000

iMarjiland)-8tMl^
imnmn District Telegraph-Stock ----American
Boston Land—Stock.

INTEREST atj T\TT:TTMixrT\n
OR DIVIDENDS.

outstanding.

Value.

ttf&/e-9tm*k, guaranteed

Ixi

notice of any error discovered
in tbese Tables.

Amount

or

par

American Coal

BONDS.

TV'TiTDr'cm

Size,

ot

AND

on N. Y. Stock Exchange, April.
President, John White, Now York:

Te’egraph.—Organized

under New

York State laws.
Hiis a line of six wires from
Boston, Mass., to Washington, D. C. In
1881 lines were extended to Western
cities via Buttaio,
Pittsburg, Louis¬
ville, &c., Ac., but in March, 1882, 52,000 shares of stock
wore pur¬
chased b.v Jav Gould and others in the
Western Union interest. (V.
33,
p. 201, 255, 622; V. 34. p. 205, 231, 292, 336,
366.)
Xeic Central Coal

(Md.).—The annual report for 1881 had the follow,

ing statement of profits for 1881:

STATEMENT OF PROFITS POR 1881.

1881.
$100,710; mine
$15,019; cash, $35,414; wharf improvement at Jerseyimprovements, Dec. 31.—Balance to credit of coal account
City, $6,315; Dec. 31.—Coal on
$1,189,717
personal property at mines, $31,219; personal property at
hand, at cost
$55,517
wharves, Less
$3,607: bills receivable, $16,323;
freight and tuxes due
accounts,
8,887—
46,630
$17,000; value of coal on hand, $24,712; office $107,177; canal boats,
furniture, $513; Chesa¬
peake & Ohio Canal bonds, $8.000; C. & P. Railroad
stock. $1,000; G. C.
$1,236,347
AC.Railroad stock, $160,000; total,
$2,069,377. Directors: James A. Deduct amount paid for railroad and canal freights and
tolls, mining, office aud
shipping expenses, salaries and
Beninterest
Akin,
$1,157,199

Score
Net earnings for the year
(V. 32, p. 287.)
$78,8 48
American District
Telegraph.—No information has been furnished by -(V. 32, p. 312.; V. 34, p. 314.)
this company. On Feb. 16 notice
was given of an increase in
stock to
New York d Str(tilsvillc Coal d
$3,000,009, the par of shares to be raised to $100.
Iron.—Has $300,000 bonds. The stock"
(V. 34, p. 203, 230,459.) admitted to New York Board
Boston Land.—The capital stock of
April, 1880.
80,000 shares of the par value
^ $10 each, or $800,000. Assets of tho company Jan. 1, 1882: cash.
New Fork d Texas Land—This com
$139,527; laud in East Boston and
npanv owns the lands granted to the
Revere,
bered, estimated at $1,829,520. An abstract about 700 acres, unincum¬ International and Houston A Great Northern railroads, about 5.000,000
of the animal report in V. acres, which were
32, p. 92, refers to the linancial
given in settlement to the holders of convertible and
policy. (V. 32, p. 92; V. 34, p. 175.)
second mortgage bonds. Each holder of
a $1,000 second
Water Power.—The sharse
mortgage or
have strictly no par value. There convertible bond and unpaid coupons, or purchasing committee certifi¬
are go,833 shares
called “
proprietary” shares, or the number into which cates, of the International and Houston A Great Northern railroads
the property of the
company is divided, the assets consisting of lands receives $300 stock aud $1,200 land serin of this
on and near “
Company.
Back Bay,” in Boston.
Annual report, with statement of
■financial condition, Ac
in V. 32, p. 499. (V. 32, p. 182; Y.
Northwestern Telegraph.—This company
owns 8,000 miles of wire and
33, p. 23,99.1 is
i
Improvement.—The annual report for the year ending May 31, 4 leased to Western Union for 99 years, with guaranteed dividends of
18
per cent at tirst, rising one-eighth per cent a
Y; 33* P- 99. A brief history of the
year to 6 in 1897 and
V$-.500,000 mortgage, $600,000 iscompany was in V. 30, afterward. The bond interest is guaranteed. (V. 33, p. 358.)
reserved to pay sterf l0iln‘ The
and guarantees company owns the stock of the Union Railroad Company
u
its bonds. (V.
Pacific Mail Steamship— In February, 1880, an agreement was ro
33, p. 99; Y. 34, p. 196.)
ported between this company aud the Pacific
Railroads, by which the
^ew. Jersey Land Improvement.—The statement for two
years railroad company gave to the steamship company a monthly
showed total receipts in 1880 of
subsidy
of $110,000.
In November, 1881, it was terminated, and in
$72,666
Feb., 1882,
the amount was made $95,000 per
month, and six months’ notice is
required to terminate the agreement.
On April 30, 1881, the com¬
pany’s liabilities were $1.7G 1,598, which included loans due to Panama
LHmcllen, $3 46,148; Somerville, $77,861-Clinton, RR. Co., $1,400,000, demand notes, $90,8
47, and traffic account,
$26,345; Phillipsburg, $1,088;
bonds
$77,301.

tary and Treasurer.

»

,

£([nton.

U

11,
.es

ed
fit

5 *«n tY*339’,456;
'IS? and

total, $2,416,935.
mortgages, $33,890; land contracts, $12,282.
d'

Trow.—This company, with headquarters at
Colorado
lumravnrnnl^8 consolidation Dec. 13,1879, of the Central Colorado
9(t* 4ko Colorado Coal A Steel Works, and the Southern
OrmrtA, ron Co. The company is controlled by Denver A Rio
the
stock is noii-assessable. On Dec. 31.1881,
Central* rv?818^ $1.639,coo consolidated mort. bonds, $1,500,000
hcih
,798
513;

Colora/lnrS°T Improvement

conftniuiotlri
Arm]

-(V.

i out

*_Jron

bonds.

nv°rtgage bonfls.

3661)^eSlaenr, ^T‘ 3‘

3^, p

These

are

The full report
>

) the
own

the

deiT
02-)

liaj

for 1881

contained the

The gross
&c

all to be merged in the
was in the Chronicle of

Vice-President, C. B. Lamborn.

Ci^ov^rT^ \?noCo«/-—The annual report
mLE> \. 34, p. 290> and

ia&

tw

9

Co. bonds, and $500,000 Southern

was

following:

published in the

1880.

(ianiw1^8 *I*om ndneB> railroads, rents,
Tot.erDen’«gAfalueof,8.t,ckof coal°n Land) were. $2,265,639
batmrt „£fve.17 kmd (exo1- of int. A sink, fd.,
steel rails A all
,

1881.

Report for 1880-81, in Y. 32,

p. 575,
%
statement of the earnings and expenses for the
years ending April 30, 1881 and 1880:

The

following is

a

Earnings.
1880-81.
.

.

Victoria line

Australian lino
Australian and New Zealand subsidies
Central American and Mexican subsidies
British Columbia subsidy
Hawaiian Government subsidy
Interest aud dividends on investments....
Miscellaneous

203,550
99,416

.

4,222
3,000

12,897
18,225
4,050

Exchange

$2,417,794
.

1,771,515

1,982,458

! ai?fr de.d’et’g int.’ on bond, debt for ’80
belongmg to ’80, am’nt’g to $218,414

$494,123

$435,335

Net

Net earnreceipts.

.

Net

earniugs

$600,915

80,887
973,472
307,073

...

Trans-Pacific line

•

extraordin’ry outlays)

1879-80.

$745,344
1,950,597

.

$4,402,647
3.172,705

$1,229,942

1,531,677
201,978
930,657
321,215
176,411
118,366
38,000
6,500
12,464

29,094
2,605

$3,969,882
3,519,821

$450,061

'




27o,7 08

215,419

178.)

256, 528, 561,

642 ; V.

34, p

confer a great favor

Subscribers will

by giving Immediate

DESCRIPTION.
For

explanation of ooluuin

page

Size, or

Date
of

Amount

of tables.

Bonds'

Par
Valuo.

$2,500,000

orlhwestern Telegraph—Stook
Bonds, interest guaranteed
Pacific Mail Steamship—Stock

1876-90.

10*0
50
100

Pennsylvania Coal—8toek

Pullman
Bonds,
Bonds,
Bonds,
Bonds,

Palace Car—Stock
3d series
4th series
debenture

sterling debenture, convertible till April,
Quicksilver Mining—Common stock
Preferred 7 percent stock, not cumulative
Railroad Equipment Co.—Stock
Coupon bonus. (See remarks

1881

Aar’s.

below.)

Rapid Construction Co. (ZW.)-Stook
St. Louis Bridge d Tunnel RR.— Bridge
1st preferred stock, guar
2d preferred stock, guar

50
50

7 per ct. by L. V
18(54
1880

1.000
500 Ac.

1876

1,000
10

1879

Express—Stock
United States Rolling Stock—Stook
Vermont Mat'b e Co.—Stock
Sinking fund bonds, gold
Wells, Fargo d Company Expt'ess—Stock

ioo

1880

Telegraph—Stock

Western Union
Real estate bonds, gold, sinking
Bonds, ooup. or rog., conv. till May,

fund
’85, sink. fd. 1 p. ct.
coupon (sinking fund 1 p. ct. per annum)

1872
1875
1875

1,000
1,000
£100 Ac'

Coal.—Liabilities at a minimum, and 12 p. c. divs. paid.
Pullman ralace Oar.— For extension of works stock was issued at
par to stockholders in 1881, and $2,523,600 more was offered to
-stockholders of record on Feb. 18, 1882, making total stock as above
when all issued. Annual report V. 33, p. 302. The income account for
year ending July 31, 1881, snowed total receipts of $2,995,496, against
which were charged the following disbursements:
Operating expenses, including legal expenses, general taxes
and iusuranoe, maintenance of upholstery and bedding
(inoluding leased lines), and rebuilding association cars— $1,076,409
Rental of leased lines
264,000
Qoupon interest on bonds
191,867
Pennsylvania

482,166
Total
$2,014,442
$981,054
Surplus for the year
For five years past, ending J uly 31. a comparative exhibit of the receipts,
expenses, profits and surplus applicable to dividends, shows as follows :
Interest,
Dividends on capital

stock

Expenses.

Revenue.

Profits.

rentals. Ae.

Surplus.

$1,091,988

A

Co.

lii

N, Y., Clark, Post A M.
do

do

Quar’ly
A
A
A. A
J. A
A. A
J. A

J.
J.

1*2
7 g.
3

2*3
3*3

"t

*J.

N. Y., Drexel, M. A Co.
do
do
J.
O. New York and London
J. N. Y., Drexel, M. A Co.
O. N.Y., West. Union Tel
D. N. Y., Company’s Office.

J}*»Jan.

1, 1882
l, 1904
Sept., 1868
Nov. 1, 1881

Aug. 15, 1892
Oct. 15, 1888
April 1,1885
Aug. 17, 1881
Aug. 17, 1881

Feb., 1882

„

3 mos. to 5 yrs.

July 1, 1884
April 1, 1928
Jan. 1, 1884
April, 1882
Dec. 10,1881

April’ *i,'

1*4
5 g.

J.

4

J.

•7 g.
rr

4

6 g.

(?)
Deo. 1, 1910
Jan. 10,1882

New York,
New York, Oilice.
New Yorg, Oilice.

A D.
A J.

Q.-J.

1*3

Jan. 1. 1891
Feb. 15,1882

and London.

M. A S. New York

1883

April 1, 1894
Oct. 1, 1896

London.
New York, Office.

Q.-F.

951,102

J»iy'i,"i882

....

April 15,1882
1902
1900
1,1900

May,
M. A N. N. Y., Union Trust Co.
May,
M. A N. N. Y., Treasurer’s Oilice
M. A S. London. Morton. R. A Co! March

1881, was dated the grand consolidation, in which the Western Unlok
raised its stock to $80,000,000, giviug par, or $15,000,000, for the stock
and bonds of the American Union; 60 per cent for old Atlautio A Paciflt
stock was given in new Western Union; and a stock distribution of 38*4

cent to Western Union shareholders. An injunction was obtained
against the stock distribution and litigation ensued, but the Stock
dividend was permitted.
(See V. 32, p. 124. Ac.)
In March, 1882." Jay Gould and associates''obtained a majority of the
Mutual Union Telegraph stock of $10,(n 0 000, and so stepped its oppo¬
sition. The Western Union also leased the American Cable, with a guar¬
per

of 6 per cent per annum on
From January, 1873, the stock

antee

$35,084,975 was outstanding
watered, and a scrip dividend
to the above amount.

its $10,<>0 lOO>» stook.

rominally $41,073,410, but only
prior to June 20, 1879, when it was again
of 17 per cout declared, raising the stock
was

quarter ending April 1,1882

The last quarterly statement for the
(partly estimated), wras as follows.
Net profits. .
:
Deduct interest on bonded

.*

debt

...

Sinking funds

$1,550,000
20,000— 126,700

$106,700

$1,423,300

quarter
Deduct dividend for quarter
Net income for

$2,570,639 $985,072 $1,585,567 $193,579
830,386
451.866
1,282,252
878,578
2,160,830
808,379
429,890
1.238,269
958,465
2,196,731
1,247,442 Surplus for quarter
432,479
1,680,421
955,047
2,635,408
1,460,220 Add surplus of Jan. 1/1882
455.867
1,919,087
2,995.496 1.076,409
Surplus April 1,1882
—(Y. 32, p. 44, 336, 396, 579; V. 33, p. 302 ; V. 34, p. 20, 62,

1,199,500

$223,800
1,035,273

-

..

115,147.)
Quicksilver Mining.—Bonds paid off July, 1879. The preferred stock
is entitled to 7 p. ct. per annum, not cumulative, and any surplus goes

(V. 32, p. 336; V. 33, p. 178.)
Railroad Equipment Co.—This company leases equipment to railroads
on the “ Car Trust” plan, advancing cash for the
rolling stock and tak¬
ing obligations of the raiiroad companies running from 3 to 60 months,
which cover the princfpal and interest of the special scries of bonds
issued by the Equipment Co. running for similar periods. The title
remains in the lessor till last payment is made, and then vests in the
purchasing railroad. In the meantime the title is held in trust by the
fidelity Trust A Safe Deposit Co. in Philadelphia, trustee for bond¬

to the common

and preferred equally.

annual report
410, the following was given
From the

holders.

l!

R

1879-80.

1880-81.

$11,733,094 $14,060,806

Revenues

Expenses

profits

From which there was applied—
For dividends (8 per cent)
For interest on bonds
For sinking funds

.

6,591,455 8,420,165
$5,146,639 $5,640,640
$3,280,276 $3,732,633
428.516
427.455

The

:

>

sufficient
Pacific Telegraph Co. under exisv

40,000 - 40,005
appropriations
Co. (T<7.)—See V. 34, p. 230.)
$3,748,793 $4/200,094
St. Louis Bridge d Tunnel Railroad—The railroad and tunnel were
sold under the mortgage of 1873, July 1,1878. Foreclosure under the Surplus of net earnings for the year over di vidends, interest and sinking funds appropria¬
first and second mortgages on the bridge was made Dec. 20, 1878.
tions was...
$1,397,846 $1,440,546
On July 1, ISO, the bridge and Tunnel Hivilroad were leased to the Mo.
With the surplus on hand at the beginning of tho fiscal yea/r, July 1,
Pacific and Wabash St. Louis A Pacific for the term of their cor¬
1880, the result
.
Of the stock $2,490,000 is 1st preferred, which The surplus Julyfor 1880-81 was as follows :
porate charters.
1, 1880, was
$403,255
is guaranteed 5 per cent till January, 1885, and then 6 per cent;
1,440,546—$1,343,801
$3,000,000 2d preferred, which is guaranteed 3 per cent per annum, Add surplus for year as above
rtio
first semi-annual payment being July 1, 1*84: and $2,500,- For construction of new lines and ^erection of
additional wires
$1,041,657
000 common. The common stock was held by the London Reorgani¬
sundry telegraph stocks,
sation Committee., and under the lease was transferred to Mercantile For purchase of
074,384— 1,716,542
Trust Company of N. Y. with power to vote thereon.
The Tunnel Rail¬ patents, real estate, Ac
road stock is guaranteed 6 per cent per annum. (V. 32, p. 659; V. 33,
$127,258
Surplus July 1, 1880
p. 22, 125, 224: Y. 34. p. 86.)
This balance,
previous years, is rep¬
'Spring Mountain Coal Co.—This is guaranteed 7 per cent per year till resented in the together with tho balancesofofthe company, for fifteen
profits and disbursements
1885 by Lehigh Valley Railroad.
years, from the date of the general consolidation—July 1,1866.
Sterling Iron d Railway.—The. property of this eompanv, in Rockland general exhibit of the company showed the nominal surplus to June Jo,
and Orange Counties, N.'Y., cons sts of 25,000 acres of land, witli fur- 1881, of $16,616,468, out of which the stock dividend was declared in
naoes. Ao., liaviirg a capacity of 15.000 tons of pig iron per year, and
ls81 to the amount of $15,526,590, leaving a nominal balance oi
8*2 miles of railroad, houses, Ac. The company endorses the $471,674 $1,089,878, w hich may go on as the nucleus for another stock dividendbonds of the Sterling Mountain RR. A. W. Humphreys, President, 42 The following statement showTs the mileage of linesand wires, numbero*
Pine Street, N. Y.
offices, and traffic of tho company, for eaoh year from June 30, l»w>»
Net
to June 30, 1881
No. of Mes¬
Sulro Tunnel.—Tunnel on Comstock Lode for facilitating mining opei>
Miles of No. of
Miles of
Receipts.
ations. New management elected March. 1880.
Annual report pub¬ Years. Line.
Wire. Offices. sages Sent.
Receipts. $..
lished. in Chronicle of April 24, 1880. See V. 30, p. 249; V. 34, p. 452. 1865-66
$
75,686 2,250
37,380
6,568,925 ‘2,624,919
5,879.282
85,291 2.565
46,270
1866-67
United States Egress—No reports.
7,004,560 2,641,710
6,404,595
97,594 3,219
50,183
1867-68
7,316,918 2,748,801
7,934,933
52,099 104,584 3,607
Vermont Marble Co —This company sold in 1880 $654,049 worth of 1868-69
7,138,737 2,227/#$
9,157,646
54,109 112,191 3,972
marble at a cost of $499,977. The statement to theN.Y Stock Ex¬ 1869-70
7,637,448 2,532,06*
56,032 121,154 4,606 10,646,077
1870-71
change, March, 1881, said that the company’s property consisted of
8,457,095 2,790,232
62,033 137,190 5,237 12,444,499
aome 800 acres of land, comprising seven quarries, located at West Rut¬
1871-72
9,333,018 2,7o/,96S
65,757 154,472 5,740 14,456,832
land at Centre Rutland and at Sutherland Fa Is, Vt.; valuable water 1872-73
9,262,653 2,506,92V
71,585 175,735 6,188 16,329,256
1873-74
powers and extensive mills, many large and expensive buildings,
9.5M.?74 .3,22»,1M
72,833 179.496 6.565 17,153,710
together with all the machinery, Ac., necessary to perfect their exten¬ 1374-75
183,832 7,072 18,729,567 10,034,983 3,390,ag
,832
73,532
1875-76
sive wrorks. (V. 32, p. 335.)
9,812,3a2 3,l40,lg
,323
76,955 194,323 7,500 21,158,941
Wells, Fargo d Company Express— An increase in capital to $6,250,- 1876-77
9,861,3oo 3,551,0**
81,002 206,202 ^,014 23,918,894
1877-78
00 was made in 1879.
,534 25,070,106 10,960,640 4,800,4W
82,987 211,566
1 >+78-79
Rapid Construction

ll

$1,259,073
V. 33. p.
for the lisoal year ending Juno 30, 1881.
profits (after reserving amount
,

published m the Chronicle,

and
to meet the claims of the Atlantic A
ing agreements) were as follows:
The revenues, expenses

Net

'i

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

17 per




cent to

stockholders of record June

20, 1879. NOn Jan. 19,

Met
Met
Mt.
Mur
Nasi
New
N. Y
N. Y

Nint
N. ^

Noil
Oriei
Pad:
Park

Peop

Phen
Prod
Rent:
fit. N
Sevei
Secor
Shoe
Sixth
State
Third
Trad<

Unioi
U. 8t

Wall
West

tFij

Natio
f Ft

Alabr
1880.
1881.
18s2.

Atcliii
1879.
1880.
1881.
1882*

Bnrlii
1879.,
1880.,
1881

.

1882..

Centn
1879..
1860..
1881..
1882+

Cheea:
1879..

1880..

1881..
1882,,

Chicos
1879/7
1880..
1«81..
-MSI*.

Cbicav

1879?

1880..

1881...
1^82...

Chicag
1870*.

1880*.'

1881*.'

cfea*'
1880.;;
1881*

.

.

1879-80

Iuj]

Irvi
Lea
Lin
Mar
Mai
Mai
Mec
Mec
Mor
Mer
Mer

.

.

Telegraph—On the practical consolidation with the
Atlantic A Pacific in 1878 the Western Union had a monopoly of tele¬
graphing business in the United States. In 1879 the American Union
imposition line was started under the auspices of Mr. Jay Gould. The
Western Union Co. divided up its surplus stook, making a scrip dividend

Co
Ea
11
Fii
Fit
Fir
Foi
Fir
Gai
Ga:
Gei
Gei
Gei
Gre
Hai

.

.

Union

tv

B)
Bi
C<
Cl
Ci
Cl
Ci
Ci
Co

.

.

Western

B<

.

.

Ai
Ai

May 15,1882
*06. 15, 1887

New York,
do

A. AO.
Feb.

7
6

3,000.000
1,200,000
6,250,000
80,000,000
1,373,000
3,920,000

100 Ac.
100
100

Dividend.

N. Y.,
Broadway.
N. Y., Farm L. A T. Co.
do
do
di
do
do
do
O.
O. Lond’n, J.S. Morgan ACo
A.
A.

Q.-F.

*2*2

7,000,000

ioo

F.

Slocks—Last

Co

5,000,000

United SlaUx

Sterling bonds,

1,000

•

•

A. A
A. A
F. A

6

2,906,900
2,500,000
2,490,000
3,000,000
5,000,000
1,250,000
948,000
1.500,000
2,300,000
60,000
418,000
495,575
18,920,000
600,000

"25

stock

bonds, series “A ”
Mortgage bonds, income, series ”B”
Plain inoome bonds
Sulro Tunnel—\Stook
Mortgage bonds (for $2,000,000)

y-

1,000
100
100

1879

Mortgage

'

500,000
(?)

•

Q.-F.
Q.-F.
Q.-F.
Q.-F.

2*4
9*4
2*2

5,708,700
4,291,300

ioo
—

1st mortgage, uew, sinking fund
Tunnel PR. of St. Louis, stock, guar
Southern d Atlantic Telegraph—Guaranteed

Spring Mountain Coal—Stock, guar.
Sterling Tron d Railway—Stock

52.500

'

stock, common

820,000

908,000

£100
100
100
100

..

445,000

'

•

pal,When Due

Whom.

J. A J. N. Y.,Wost. Un. Tel.
do
do
J. A J.

2

Tables.
Bonds-Prinoi.

Payable, and by

Payable

7 g3
4
2
8
8
7
7 g.

12,547,400

1,000
1,000
1,000

1872
1872
1878
1875

,

1,180,000
20,000,000
5,000,000

Where

When

Rate per
Cent.

Outstanding

jy

jjj

notice of any error discovered In these
INTEREST OR DIVIDENDS.

$50

headings, Ao., see notes on lirst

[Vol. XXXIT.

BONDS.

STOCKS AND

MISCELLANEOUS

.

™

85,645

233,534

,077

29,215,509

12,782,894

',737* 32,500,000 14,393,043
1880-81.-110,340
-(V. 32, p. 43, 63, 63, 92, 124, 146. 156. 206. 232, 266,
37;
544, 637, C87 Y. 33, p. 282, 305, 411; V. 34, p. 292,
.

.

5,833.0^

289, 312,
336, 360,399)

*Apj

bank and insurance stocks and
railroad

Apr., 1882.

bank
Capital

Companies.

stock

list.

Surplus
dates.t

Period.

lxiii

INSURANCE STOCK LIST.

Dividends.

at latest

Mkd. tlius(')
Par Amount.
arc not Natl.

earnings.

1880.

1881.|

Latest.

Par.

$
1,612,000 J.
1,573,000 M.
211.400 J.
1,3:2,000 J.
200.900 J.
504.600 J.
228,700 M.

Net

Capital.

COMI\ANIE8.

Surplus,

Dividends.

Jan. 1,
1882.*

Amount.

1880. 1881.

Last Paid.

100 3,000,000
& J.
7
7
$
Jan.,’82. 4
$
Amerieani... 50
100 5,000,000
& N.
7
7
400,000 520,119
May,’82. 3L> Amer. Exch. 100
10
10
100
250,000
& J.
10
Jan.,’82. 3*2.
10
200,000
66,304
Jau.,’82! 5
10
10
Bowery
25 1,000,000
25
& J.
16
Broadway
Jan., ’82. 5
16
300.000
Jan..’82. 8
445,439
10
20
Broadway... 25
& J.
Butch’8’&I>r 25 300,000
Jan., ’82.10
6*2
7
200,000 3-'8,400
Jan.,’82. 4
16
16
100 2,000,000
Brooklyn (J). 17
& J.
Central
Feb.,’82. 8
8
7*2
153,000
Jan.,’82. 6
215,017
20
Citizens’
20
t 20
300,000
100
& 8.
Chase
6
Jan., ’82.10
8
300,000
Jan., ’82. 4
501,012
20 ‘ 10
•25
City
450,000
186.500 J. & J.
70
Chatham...
6
Jan., ’82. 5
6
210,000
Jan.,’82. 4
169,855
10
Cliuton
10
100
Chemical.. 100 3u0,000 3,562,000 Bi-m’ly. 100] IOO
Feb.,’82. 5
250,000
132,334
May,’82.15
10
10
Commercial. 50
25
190.300 J. & J.
600,000
Citizens’
Jan.,’82. 5
7
200,000
die
94.700
Jan.,’82. 3^ Continental t
10
10
100 1,000,000 1,766,400 M. & N.l 15
1()0
City
Jan.,’82. 5
15
1,000,000 1,406,720
May,’82. 5
1377 14-35
Eagle
Commerce. 100 5,000,000 2,9 s 3,700 J. Si J.
40
8
Jan.,’82.7-35
8
300,000 617,928
Jau.,’82. 4
15
15
Empire City. 100
Continental 100 1,000,000
252.600 J. & J.
7
Apr.,’82. 7*a
7
200,000
54,895
Jan., ’>2. 51$
7
7
Coni Exch .y. 100 1,000,000
917.300 F. & A. 10
Exchange... 30
Jan.,’8.’. :t»a.
10
200,010
78.231
Feb.,’82. 5
10
10
25
East Kiver
250,000
Farragut.... 50
75,700 J. & J.
Feb., ’s\. :>
7
7
200,000
Jau.,’82. 313 Firemen’s
124,071
15
12
11th Ward*. 25
100,000
19.300 J. & J
17
Jau.,’8.. 6
204,000
5? ,100
July,’76. 3
7
100
Firemen’s Tr. 10
Fifth
150,000
48.900 J. & J.
8ia Jan.,’82. 3*2:
6
150.C00
6
58,120
Jan.,'’82. 3
10
10
100.000
Fifth Ave*.. 100
FranklinA E. 100
323.500
Jan., ’82. 6
200.000
145,469
11
German Am. 100
11
100
First
50o,000 3,073,400 Q.-J.
30
Jau.,’82. 6
1,000,000 1,411,064
40
Jan., ’82.10
10
100 3,200,000 1,226,500 J. & J.
Fourth
12
Germania..
50
Jan.,’82. 6
7
1,000,000 823,369
7ie Jail.,’82. 4
12
Globe
Fulton
10
30| 600,000 380.300 M. & N.
50
7
Jan.,’82. 5
200,000
7
120,038
May,’82. 3^ Greenwich
10
50 1,000,000
Gallatin
10
931.900 A. Si O.
25
Jan.,’82. 5
8
200.000
8
338,348
Apr.,’82. 5
30
Garfield
50
Guardian
200,000
30
8,800 J. & J.
100
Jan.,’82. 7%
3
200,000
20,004
Germ’nAm.* 75
Hamilton
6*2
6
750,000
149.100 F. & A.
15
5
Jan., ’82. 3
6
150,000
Feb.,’82 3
121,285
Germ’n Ex.* 100
12ia 12ia Jan., *82. 5
Hanover
200,000
114.800 May.
50
5
8
1,000,000 860,185
May, ’82. 8
10
Germania*.. 1(H)
Home
10
200,000
121,000 M. Si N.
100
Jau., ’82. 5
6
3,0( 0,000
6
May,’82. 3
10
Greenwich*. 25
Howard
10
200,000
27,800 M. & N.
50
Jan., ’82. 5
6
500,000
6
120,«i44
Nov.,’81. 3
10
Hanover.... 100 1,000,000
10
Import. &Tr. 50
372.300 J. & J.
Jau., ’82. 5
7
7
200,000
Jan.. ’82. *31^
51,707
10
10
Imp.& Trad. 100 1,500,000 2,260,800 J. Si J. 14
Irving
100
Jau,. ’82. 5
200,000
14
Jau.,V2. 7
2,974
7
50
10
Jefferson. ..t 30
Irving
500,000
158,200 J. & J.
July, ’81. fr
8
200,010
8
299.085
Jau.,’82. 4
10
Leather Mfr. 100
10
600,000
Kings Co.G)
452,000 J. Si J.
20
£ept.,’81. 59
150,000
10
206,687
Jan.,’82. 5
20
Lincoln
20
300,000
Kuick’bock’r 40
1,600
Jan., ’82.10
280.000
6,017
Manhattan * 50 2,050,000 1,042,100 F.* *& A.
pone. none. Jau.,’79.
Lafayette (+)
50
57" "7"
150,000
100,399
10
Marine
31e Long Isl.(t) .t 50
100
10
400,000
123.800 J. & J.
Jan., *82. 5
7
300,000
8
120,505 13
Jan.,’82. 4
10
Market
100
Lorillard
500,000 327.100 J. & J.
25
Jan., ’82. 5
[10
8
300,000
8
27,400 5
Jail.,’82. 4
Mechanics’
8
25 2,000.000 1,159,300 J. & J.
Man.& Build. 100
none. Jan.,’82. 3
8
200,000! 169,193 12
8
Jan.,’82. 4
Meoh. & Tr. 25
12
12
Manhattan.. 100
200,000
41,400
Jan.,’82. 4
250,000
65,117 10
July,’79. 2ie Mech.&Trad. 25
Mercantile. 100 1,00*',000
10
10
222.900
Jail.,’82. 5200,0.0 200,303 20
Jan.,’82. 3
Merchants’. 50 2,000,000
12
14
Mecli’nics’
727.800 J. & J.
50
Jan.,’82. 6
7
250,000 166,006 20
7
Jan.,’82. 3Lj Mercantile (J) 50
Merch. Ex.. 50 1,000,000
14
10
187.900 J. Si J.
Jau.,’82. 5
6
200,000
6
Jan.,’82. 3
10
20,270,10
Metropolis *. 100 300,000
8
Merchants’.. 50
88,200 J. & J.
Jan., *82. 4
7
200,000 160,319 13
7
Jan.,’82. 3ie Montauk(J).. 50
10
Metropolit’n 100 3,000,000 1,331,900 J. Si J. 10
10
Jan.,’82. 5
209,000
10
84,007|l0
Mt. Morris*.
Jan., ’82/ 5
10
10
100,000
2,500
Nassnuri).... 50
Jan.,’82. 5
200,000
161,265.20
14
Murr’y Hill* 100 100,000
14
National..
80.900 J. Si J. 12
Jan.,’82. 7
37*2
200,000
6
Nassau*
Jau.,’82. 6
100 1,000,000
10
N.Y. Eq’table 35
100,177,10
10
120,000 M. & N.
Jan.,’82. 5
6
210,* 00
6
324,858 15
New York.. loo 2, (*00,000
Nov.,’81. 3
10
N.Y. Fire.... 100
10
803.400 J. & J.
Jan.,’82. 31*
8
200,000
8
N. Y. County 100
71,654! 12
Jan.,’82. 4
10
10
200,000
Niagara
49.300 J. & J.
50
Feb.,’82. 5
8
500,000 640,216! 12
8
N. Y.N. Ex. 100
Jan.,’82. 4
13
North River. 25
14
300,000
90,200 F. & A.
Jan.,’82. 7
7
350,000
7
Ninth
Feb.,’82. 3bj Pacific
100
8
98,022, 8
8
750,000
157.100 J. Si J.
25
Apr.,’82. 4
6
200,000
7
N. America' 70
385,006!20
Jan.,’82. 3ie Park
20
•20
700,00* >
191.600 J. Si J.
100
Jan.,’82. ft
3
200,000
6
North Kiv’r* 30
96,361 12
Jan.,’82. 3
12
Peter Cooper 20
12
240,000
65.900 J. Si J.
Jail., ’82. 0
150,000 207,671 20
7
j 7
Oriental*.
Jan.,’82. 3^ People’s
25
18
20
300,000 203,
J. & J. 1
50
Jan., ’82.10
8
200,000
8
Pacific *
100,284 12
50
Jan., ’82. 5
11
10
Phenix (J).... 50
422,700
Jan.,’82. 5
Q.-F.
10
1,000,000
10
Park
511.607 10
Feb.,’82. 213 Relief
100 2,000,000
10
10
J. & J.
50
Jau.,’82. %
7
200,000
8
17,684 10
People’s*... 25 200.000
Jan.,’S2. 4.
19
10
Rutgers’
J. Si J.
25
Jau.,’82. 5
7
200,000
7
Phenix
171,024 20
20 1,000,000
Jan.,’82. 5
20
14
Standard
50
J. & J
Jan., ’82. 7
3
200,000 156,030 96
Produce*..
Jan.,’82. 3
50
12-46 12-40 Jan.,’82.
Star
125,000
100
500.000
3*a
17,165 12
Republic
100 1.500,000
July,’74. 31s Sterling
10
9
F. A A.
100
July,’81. 4
8
350,000
8
8t. Nicholas. 100
27,520 8i
Feb.,’82. 4
7
500,000
none. Aug.,’80.
Stuyvesant.. 25
J. & J.
200,000
3*2
7
Gie
Seventh W’d 100 300,000
137.615 10
Jan.,’82. 3*2 Tradesmen’s 25
10
10
Jan.,’82. 5
,J. Si J.
6
300,000
6
50.202 10
Second.
100
Jan.,’82. 3
10
10
Unit’d States 25
300,000
J. & J.
July,’81. 5
250.000
10
15
8hoe& L’thr 100
230.143 11
Jan.,’82. 5
10
10
500,000
Westchester. 10
J. & J.
Jan.,’82. 5
8
300,000
8
Sixth
175,041 10
100
Jan.,’82. 4
10
10
200,000
J. & J.
W’msbg C.(*) 50
Fob., *82. 5
6
6
State of N.Y. 100
250,000 500,186 20
Jau.,’82. 3
20
800,000
20
M. & N.
Jail., *o2.10
7
7
Third
100 1,000,000
May,’82. 3*2
J. Si J.
7
7
*
Tradesmen’s 40 ,1,000,000
Jan.,’82. 3*2
Over all liabilities,
> J.
& J
7
Union
8
including re-insurauoe, capital and
50 1,200,000
Jan., *82. 3*2
M. & N. 10
t Surplus includes
scrip,
U. States
10
100
May,’82. 5
scrip.
500,000
Wall Street; 50
C) Brooklyn.
500,000
• J. & J
West Side*.. ioo 200,000
5i*
5i* Nov.,’81. 2*2
OJ. & J
12
GF* The following companies
10
Jan.-,’81,10
have been omitted
tFigures in this column are of
from the above
National bunks and the State bauks. date March li, 1882, tor both the table, viz.: Columbia, Hoffman,
Lamar,

America'.
Am. Exch.
Bowery ..

...

.

...

.

...

.

....

..

....

..

.

....

....

Feb.,*’82.

oo

....

..

ko

..

......

..

....

..

.

.

001
00>

003
173

..

37)

...

J

540

Lenox, New York City und
Republic. These companies
discontinued business iu 1881
in liquidation.
and are now

Formerly the Mechanics’ National
Banking Association.

633

MONTHLY

455
500

Jau.

091
Alabama Great
Southern—
1681
18V2

..(295 m.).,

18/9
1680-

(868 to 1,167
m.)..
(1.167 to 1,540 m.).,
(1,540 to 1,789 m.).
(1,789 m.).

<295 in.).,

(295 m.)..
Atchison Topeka Sc Santa
Fe—

1881......

801

1882

;

Burlington Cedar Rap.

1§80

(492 to 564 m.).
(564 to 580 m.).

1881

542

Sc No.—

Ceinrai Pacific—

258

]879
I*!;
1882+
1880

*pe•
oen

The

....

Chesapeake

30,
din

fo5
>n<t
of
r>

Cj&o&AUoniS®

866,

V

,661
,232

919, {mV

s

,445
937

(678 to 840 m.).
(840 m.).

,2*

44,145
52,307

603,582

Aug.

410,808

110,179
153.378

165,630

174,351

58,701
68,lb7

143,432

2u5,912

$

62,541
70,704

Oct.

80,809

100,132

141,052

184,680

677 863

116,950

107,990

122,827
160.160

209,112

'

154,795
179.804

221,801

171,524
204,991

221,748

Chick™aijma|,04 Northwestern—
10^
<'l »5I
t<,

335.893
542.961

558,190

421,937
610.128
548.555

447,794

536,843

617.524

708.900

035,860

076,205

.

990.84’]

00-1 m \

to 2.764
(2.7,8 to 3.018 m.).
m.).
n

l0Of.nH.ggl

529,915
581,483

583,832
701.120

709,751

m.),

60.361
83,205
117,119
124,024

67,025
88,278
121.037

138,280

476,607
738,749

135,764

632,898

082,717

60.989
83.689

it

65,334
111,800
120,550

66,315




628,811)
767.349

785,199

668,163

774,7901 771,844

93,2:44

110,289

..

66,437
114,120
125,-584

678.439 857,323 798,659
773,173
900.676 + 71,041 1,1:44,745
1,037,958 1.020,709
10,989 l,2d0,000 1,538,000
l,731,0u0

75,300
131.717

f February

131,904
153,808

92.975
130,89,

61,155
78,242

Total.

61,669
86.912

1,290,740
1,493,021

1,590,000

.......

...

March estimated.

147,785
189.330

202,480
1,483,142
2.199.406

2,297,971
148.074
240.795
23j ,585
601.101

696,776
672,381•

176,204
193,419
232,812

$
643 921

789,784

1,534,049'
2,063,482
2,259,087

1,335.870 17,153.lt

1.905.222 20,60s.

2.225,179

| J
.4. 0..1C

179,161
218,009 2!674’,308
203,5621 2,706,702
556,014
543.723

5,755.077
7.087.233
640,812 7,557.740

1,327.679! 1,438.167
1,837,860 1.552,018 14,779.715
1.810.133 1,905,490 20,454,494.
21,170,455
88,477
128,597

80,025
128.981

151,671

889,623 1,107,012 1,123,894
1.181,683 1.361,725 1,294.573 1,433,365 1,393,0S7 1.314.231 1,320.951 1,716,409
r963,205 1.178.71*6 1.474,012 1.875,008 1,671.177| 1,099,086 1,767,939 2.020,245 1,896,073
l,87».OO0 2,300,440 1,983,031
2,105,217
1 (\oa
•J 47
2,315,104 2.292,076 2,311,097
ana

*

|

733.730
991.297,

1,509.OjO 1,078,000

1,377.000 1,501,000

82.049
i

—

enures.

230,396

1,484,310'1,709,932

230 m.).

to 3.7.5 m.).
(3,775 to 3,961 m.).
~•;:-<4‘10^to 4.223 m.).

827,370

Dec.

*

516,765 593,311
764,896
747,012 657,580
664,512
619,484 6,381,443
948,419 1,046,125 1,197,550 1,000,033 074,229 800,730 932,122
903,728
1,000,640 1,155.809
847,215 8,556,976
1,203,023 1,303,385
1,458,752 12,584,508

224,107

020.473

Nov.

$
67 503

469,456

149.504

Sept.

$

$
47,525
51,932

082,377 1,071,738 1,018,755
1,411,870 1,732.518 1,489,894 1.171,303 1,160,968 993.823 1,315.559
l,03t.«2) 1,418,149 1,574,371 1,909,627 1,082.950 1,773,043 1,834.321
1,679,456 2,083,80* l,888,o5> 2,173,945 1,862.285.1,934,702
1,457,300
2,202,981 2,031,001

<2 256

—

540,182
090,960

188,325
148,551

307,681

Cfeago M*tw«ukec*jfc St^Paui!-

527,
*
1> Approximate

508,608

111,924

497.013
474.318
530,4b 0

i'iii<aoui-m0'
to

m
l(*ci

July.

$
40,821
51,735

1

68,167

v

Jane.

*

RAILROADS.

1,056,691 1,280,272 1,406,600 1,579.591
1,443,088 1,458,833 1.556,457
1,070,487 1.373.43S 1,350,716 J
1,049,429 1,809,022
1,454,218 1,709.63s 1,872,370 ,778,488 1,724,950 1.840.007 1.974.43S 1.904.997 2.120.229
2,091,411 2,159,382 i ,899,340 2,088.519
T 705!
OO 1 987 OOQ
2,185,303 2,507,8 ,7
88,667
102,077
132,172 162,611
178,824
148,457
173383 215,095 224.092;
198,681
222,762
221.559
183,326
199,443
214,255 238,230
184,389 228,479
227,343 252,235 241,135 225.090 259,110 247.3031 211.820
900 709
208 98
202,858 24.

(2,772 to 2.921 m.).

iSJ;

May.

%

654,090
902,303

97,277
165,171
124,510
225,630

117.362
184,316
167,750

PRINCIPAL

,144i

C55g>«« & Eastern
#9,

;S
s

58,293

68,885

1,070,000 1,010,000 1,161.000

to 1.857 m.).
(1,857 to 2.772
m.).

{Eg

62,490

418,331
558,481

743,288

$
45.344

47,829

369,107

481,103

Cfe*° ®urlinKton &; Qufncy^*
{mX
(1,TOW

710

$

60,732

314,732

OF

March. April.

$
51,227
63,540

55,401
58.509
60,575

to 846 m.>.

<.

Feb.

252,823

(2,178 to 2,361m.).
(2,301 to 2,586 m.).
(2,586 to 2.771 m.).
(2,862 co 2,917 m.).
& Ohio-

EARNINGS

873,456
1,299,014

1.100.2451 1.060.957
1.172.038 1.397,309 10,012,8
13,086.119
1,509,000 1,855,000 17,026,000.

1,558,476

1.855.622
2,09,037

1,325.8'. 5 16,098,37!?'
1.477.902

1.855,470 21,849,20?

RAILROAD

Ixiv

09120877811

909778811

2010918778 1

408.49 3

24,1X5 8

20,003
10,47 1
32.0, 3

;32,S2

i
l
r
r

Indiana Bloom. Sc Western—

(212
<212
(212

i
r
r

•

1876*.
1880*

201,80 9

141,53 3
238,08 l
210,24 1

215,102

573,25 ft

)
1

80,58 7

631,28

)..

728,17.3

)..
)..

1

82,03

Nashville Chatt. & St.

5

102,35 m

159,54;

580,57?
6S1,73( 5

724,09 5

001,97 7
732,75 5

002,49.J

803,68’

720,00-1

868.40 7

90,22 5
90,37 4
103,55 3

95,62
85,73, 5
102,(53

90,821
100,05,
90,58t

88,545ft
103,43,3

(349

122,28 ft

80,541)

115,59 3

110,31?3
187, m)

210,12’ ?!

229,94 4
240,451'

187,39?i\

74.130, ' 79.36,2
08,64-

421,571

396,08c

012,59: 3

56.3,88c
850,80k

575,03; >f
8(15,12-!
060.00;

95,301
129,20:
111,842
101,115

87,02-1
102,25*.
110,05C

83,071
80.97c

9i7,h5!

.

.

118,355
122,081

127,811>
105, f 5”?

100,853
126,710

170,926
122,732

111,524

419,24(

443,741
827,081
876,10k

527,214

609,578

697,033

917,137

23,742
28,614

24,940
35,002

21,308
34,211

22,782
34,067

30,001
38,642

37,995
40,125

29.797
48 734

43,777

44.557

47,732

49,031

50,423

65,013

71,395

57,465

101,253
106,147
91.609
110,491
140,593 184,247
131,621
121,855
130,517 *131,009 *159,348 *200,044

267,084
204,714

309,306
251,368
*252,434

810,628 2,127,497
287,373 2,273,023
*202,025 2.400,437
185,653 1.800,878
175,990 2.049,443
173,127 2,075,256

149,497

123,506

139,524

155,4(50
183,525

158,830
164,431

159,061

105,047
144,155
154,549

’

179,689
216,913

183,700
217,185

219,891
231,518

341,824
496,332
504,470

330,812
412,871

317,143
340,644
470,369

308.450

447,279

121,451

132,802

118,113

161,954
153,633

175.420

349,008
173,614

133,645
212,019

213,701

35,900
41,255
61,845

427,752

133,590

142,182

157,363

109,958

174,245

151,594
150,430

109,326
168,317

167,473
179.979

178,266
172,121

182,087
152,059

1,515,835 1,398,215 16,509,120
1,797,338 1,726,788

215,491
*261,199
299,573 *
477,776
508,825
475,043

198,108 2.390,308

210,850
*242,412
408,479
452,092

249,885
280,524

'235,642

360,042

415,364

433,520

432.877

475,204

500,748

430,798

402,523

461,318

138,22-1
145,585
173,374

134,955
179,947
196,123

177,342
209,446

324,425
450,208
440.811

310,716
453,923
498,008

205,056

478,251

301,272

240,820

*237,729! 2,809,2M
404,114; 4,383,706
473.361

5.265357

453,128

179,972

!

481,3.8 5,494,112
203,329 1,749,616
181,746 2,064,104
*166,789 2,257,102

404,524
130,979
131,407
149,803

102.247

143,099
105,050 '173,251
334,106

328,869

317,508

415.325

330,130
487,272

320.788

315,307
419,193
487,287

382,657

108.075
119,358
102,984

260,000

200,308
235,910
246,664

228,601

429,565

413,534
512,917
449,664

877,316
459,054
487,160

210,927

270,893

295,260

223,500
411,624

330,500
490,096

221.438

209,040]

*

413,551
44,658
77,250
78,803

133,764
156,889

149,659
273,607
330,860

384.000

116,508
239,800

r

452,006

115,050
185,700
211,190

405,58."
204,195

198,744

192,324

217.013

253,105

241,277

305,292

368.276

401,180

426,837
464,093

470,622 5,443,697

115,0,84 2,004,555

210,635

220,993 2.629,710
434,331 4,044,576

428,903

2,603,06s!

3,131,997

3,840,215

1,
1,
1.

1,531,204
2,184,226
2,015,589

877,865 1,041,142 1.142.864 1,332,547 1,343,014 1,303,522 1,462,280 1,374,013
957,215
1,531.813 2,089,256
(846 m.)
1,310,089 1,085,162 1,4^9,389 1,496,330 1,457,881 1.398,530 1,282,885
1,945.874
188t
1,319,133 1.336,428 1,600,568 1.484.864 l,6t 8,802 1,707,295 1,835,725 2,000,986
(846 m.)
1882
(846 m.)., 1,503,075 1,200,421 1,610,089
St. L. Alt. Sc T. II. Main Line114,229
92,363 105,648
69,169
as,210
71,121
70,202
66,?28
59,757
(195 m.).,
138,153 150,727 136,706
105,837
95,847
108,988
113,518 108,434
06,922
(195 m.)..
121,799
132.572
118,226 114,356 113,774 110,732
137,886
101,826
104,577
04,489
105,124
104,307
St. L. Alton Sc T. II. Branches—
55,210
43,764
37,778
31,736
41,331
37,163
44,204
44,887
48,445
(71 m.).,
07,589
60,032
52,924
44,370
52,082
47,028
55,470
54,750
56,218
(71 to 121 m.)..
65,500
62,563
44,900
51,540
48,995
64.180
64,110
68,565
1881*
71,148
(121 m.)..
73,021
1882* :
64,680
55.180
(121 m.).,
St. Louis Iron Mt. Sc Southern—
281,920 332,160 403,316 591,075
(686 m.)..
834,029 339,161 353,147 318,196 302,641
849,053 363,454 432,655 565,809 071,219
<686 m.)..
555,OSS 490,195 451,560 408,241
546,302
704,002
479,075 474,302 533,512 644,386 *690,400
560,791
570,957
(686 to 718 m.).
1882*......
516,370 601,127 585,008
(718 to 723 m.)..
St. Louis & San Francisco88,418 126,607 180,711 202.210
81,402
89,019
92,878
78,823
85,079
(327 to 492 m.)..
259,995 280,873
173.607. 213,297
167,664
193,146
176,164
198,091
195,948
(492to 597 m.)..
274,086 263,580 252,889 "281,862 278,653
(597 to 661 m.).. 208,547 178,599 269,963 209,507
1882%'
(661 m.)..
256,784 244,654 274,959
St. Paul Minn. dkrMaiiltoba.—
190,349 241,339 188,940' 225,054
268,657
239,991
.(563 to 656 m.)..
232,579: 274,188
i80.239 137,645 201,797 333,014 281,899 243,407 272,089 414,954 485,736
(656 to 855 m.)..
(855 m.)..
251,187; 159,482 320,962 425,685 882,642 405,322 887,488
418,358 531,004
395,461
(912 m.)..
Scioto Valley—
31,733
3*3,331
33,950
21,875
22,648
20,351
28,005
21,930
20,45?
(100 m.)..
51,241
38,319
38,239
50,290;
26,407
22,917
28,816
26,969
21,712
(100 to 127 m.)..
st.....
39,869
1882...
33,994
34,200
(127m.)
Texas Sc Pacific141,083 153,066 195,711 220,073' 266,570
1880
2-45,785 219.165 215,070 174,177
-....(444 to 700 m.)..
354,082 337.117
319,928 280,347
267,443 204.201 320,430
1881*
281,178 260,781
(700 to 1,055 m.)..
11882*........
(l.l 14 to 1,230 in.)..
310,785 255,644 332,911

414,599 4,107,946
494,310 5,050,337

300.822

2,630,022 2,708,695 2,390,810 2,782.906 2,982,718 3,336,528 3,
2,543,425 2,538,039
8,723,355! 8,647,543 3,
3,083,551 2,044,576 3,278,186; 3,488,366 3,417,910 8,221,470,! 3,449,644
3,735,006 3,
3.189,215 3.005,014 3,844,304 3,760,372 3,856,897 3,807,437 3.780,418 3,800,978
3.373,321 3,306,750

8,574,91:

1,850,880 20,776,101

1,040,548
1.417,eflS
86,009 1,371,091

110.41C

100,963

101,950

100,392

72,074

62,152

*687,280

2

203,276

216,382 1,672,437
226,033 3.698.371
300,160 3,160,521

290,329

S

3

276,556

2
3
6

Wabash St. Louis & Pacific978,629 892,025 948.773
1880
776,790 7.r9,451
(1,558 to 2,479 m.)..
1881*
818,922 1 .119,591 1 .023,482 1 ,144,661
811,617
(2,479 to 3,350 m.)..
.134.763 1 315.775
18" 2*
(3.3 0 m ). 1.229.065 1

226.695
300,675

508,530
30,172

47,976

3,160$®
4,878,960

28,751
43,117

24.802
43,741

317.063
439,744

4

801,858 2,754,409
381,218 3,921,5®

953,468 1 ,000,742 1 .189,478 1 .178,950 1,5
131,751 1 .542,838 1 ,490,026 1,3
1

1,131,787

1,050,816 12.428.112

,30S,992|1

on

508 miles—remainder of year on 900 mile?*

8

312.184

14,461,570
1,399,555 1,328,278

Decatur

* Including Ohio Division and Indinnnpo is
^ Including earnings of Ohio Division,

|

3,540,573 !

170,067
297,640
528,263

857,724

+ And 66 miles of canal,

*

729,078
741,767

655,413 5,292,610
656,951 0,265,591
*709,498 7,319,744

632,052

*7

565,521

64,751
82,553
67,843

52.460

056,832

7
f

W

1,442,587 15,351,10}
1,354,031 18.431347

116,691

63,786
77,982
68,780

§£

3,453,025 31,620,271
3,517,828 41.260,666
3,731,750 44,124,178

.

Approximate figures.
S Earnings first six months are based

315,048

250,073

294,713
384,982
398,268

Pennsylvania—




139,225
134,427

161,005

81.390
.

142,101
873,100
157,593 U68.545
137,400 1,235,091

131.250

100,457
207,710

37,014
.

1,153,779 11,844,381

66.060
125,731
119,770

158,034
101,15-1
190,806

Northern Pacific—

..

1,063,223

35,895
104,734
00,837

103,551

407,368

.

949,185! 9,491344

152,651

886.150

.

661.811, 6,007,386

953,086

931,011
951,506

19,721

230,910

3:14,45)4

.

(+1,887 m.).
Philadelphia Sc Rending—
(800 to 846 m.).

102,503 1,184,159
107,904, 1,873,012

127,991

117,593
129,249
145,803

168,572

.

.

99,742

253,354] l.WM

80,13k
91,387

119,494
140,091

263,002

.

Northern Central-

m!);

*80a,8y0 *2,792,518

254,597

49,692

168,302

109,894
156,870
164,917

.

218,208 1,775,881

244,813

68,632
90,0Ji

162,740

•

298,647

.

7150,097

49,441
52,865
75,276

170,65.8
204,094
210,708
158,154

412,365
431,34b
409,058

.

106,054 1,100,743
104,019 1,223,079

7160,826

51,98(
58,02(
74,007

25.271

215,024

.

8,304^

63,475; 8,586397

23,166
30,340

115,644

104,231
189,749

.

(t 1,844 to 1,887

122,406

1,450,223 1,492,495 1
1,147,173 1,207,301 1,356,780 1,372,755 1.350,574 1,230,419 1,273,532
1.580,070 1,600,873 1,786,417 1
1,290,381 1,252,218 1,04-4,95"! 1,043,151 1,502,544 1,001,812
1,787,081 1.772,895 1,734,200
1,443,437 1,425,705 1,847,201 1,709,057 1,770,891 1,794,982

New York Penn. Sc Oliio-

.

)

•

60,25k
63,115
84,400

37,772
33,997
75,203

157,278
205,634
178,143
156,004

.

m.).
in.).
m.).
m.).

107,52

056,063 7,234461
073,182

*303,006

772,53”

19,862

161,433

.

(322
(322
(322
(322

736,066
806.837
828,847

253,233 1,997.305
279,635 2.561,991
194.330 2,257,231

193,007

178,940 228,800
122,44.1
08,29;3
275,330
191,921
147,58< 5
113,25*106,001 *253.491 i *277,295 *308,323

504,220
425,75(
970,280
055,01-1
828,72( 1,* 27,88c

33,251
30,331
65,053

194,486
250,11(5
224,847

agin
(284

176,810
233.448

106,45*

324,755
401.53S

1,073,74:

39,078
05,293

.

83,70- 4

105.56,"

87,03(
100,30”?

21.17C

.

(42,8 m.).
(428 m.).

86,64?
85,as L
00,2Ot
95,07( )
J *172,001
170,C31

24 833

.

1881.

430,03?

964,52'

.

r~

3,122,067

09 589:

(574,45:
810.00<

..

_T«U1.

*

...

94,020:

450,47(

(349 m.)
New York Lake Erie Sc West.—

206,240

110,73 2

1

18S2

Dec.

206,23 5!

49,19-! 1C 58.780'
88,485 !
105,17?
98 401 i
129,061

.

1882-

575,46 1

147,32<1
140,21- Ij

172,471 )
211,93:>

600.193

665.12 ft
673,25 ft

'

175,75 5

161,81?3

..

1880.

116,18,5

83,20

90.281
195,82 i

Louis-

1881

605,37

82,95*i
89,96 )

80,40?S

.

02,279
90,621

99,81 0
224,31 2

190,74(5

557.78

)..

..

120,785
121,343
110.622
117,95 5 7195.807 f 181.074

107,56<)
179.89< 5

492.59 1
535,73

..

737,218

134,07 1
191,31 7
172,95 0

S

..

783.120

815,238

155,255

532,16 1

Milwaukee Cake 8. Sc West.—
(102 to 205 m.)
(205 to 250 m.)
1881*
(250 to 275 m.).
1882
(271
Mobile Sc Onto—
1879
(528 to 500 m.).

631,343

880,211

157,364

013.0.

..

807,85w

160,5M

137,04 D

613.80 (i
524,40 ri
680,38 7

..

193,125
207,147

a

466,02 1

,.

239,735
242,214
231,913

107,350
140,082

580,19-2
5*15,21 2

..

117,026 U48.034
151.112 1.596145
108,821 1.058,256

88,56 1
130.488

390,81 2

(
(

113,89s
153,959

79.41 0
118,48H

176,35ft
103,7t s

Memphis Sc Charleston—

123.570
158,752
168,058

73,9915
121.37<5

354,71 7

..

802.525
302,957

88,72 5
115,90 9
1(50,70 8

165,44 4
200.73,5

..

208,68'
304,23':

220.C0 0
254,00 0

211.80 0
210,00 1

if

303,518
315,644

195,550
222,70 9

137,033
100.06 1
122,87 1

..

282,4(3

111,81 2
129,64 ft

137,04 7
176,07 >
154,40

(973 to 1,107 m.)
(1,107 to 1,840 in.)

36.695
35.286

113,81 0
133,900

108,52 0

..

35,(5'

51,45 0

15P.5.S 7
105,88 p

Louisville Sc Nashville-

30.98<

26.92 5

35,60 7

102,12 0
130,74 D

..

33,324
40,061

28.18 4

98,42 7

..

33.564
47.519

24,12
32.88(0

147.01 1

1882
(770 m.).
Lake Erie Ac Western—
1880
(308 to 88i

349,196 3.478,067
64S.417 0.206,813

24,20 0

118,02 4
110,88 5
103,22 1

..

408,50 k
C66.811

27,739

77,52 0

.

473,683
665.686

18,14 6
30,22 5

25,609
20,93 9

77.41 1
109.092
135,37 8
1(56,08 7

..

406,583
020,042

400,133

154,41 7

..

312,173
432,015

373.132
548,28 4

187,02 3

*

392,921

295.45 0
584,23 0

154.15 1 c 124,284

(544 m.).
International Sc Gt. Northern—
1882*

379,029

251,01 3
376,80 7

193.92 5
51-1,70 7

175,18 7

)..

218,09 3
4,56 2

164,883
433,21 2

)..

(1,257 to 1,275
<1,275 to 1.821
(1,321
(1,821

373,870

8

383,20 2

138,28 4

1870

t
842.89-

4

)..
)..
)..
)..

Illinois Central—

30$,838

S
£42,052

350,1k 5

162.00 7

)..

Nov.

Oct.

232,14 6

182.44 4
173,79 1

)..

*
230,99 ?

1

Sept.

Aug.

259,20 8
201,21 1

)..

1879

'

160,883

412,98 7

18.7?9

1..

July.

%

*

$

■

RAILROADS—(Conclnded).

June.

May.

April

[Vol. XXXIV

535,05

401,01 4

..

Hannibal Sc St. Joseph

f

126,02 2
317,68 1

807.47 0

)..

|m>-

,

315,10 0

124.75 9

)..

Flint & Fere Marquette-

\H:

173.07 3
158.59 3

)..
)..
)..

Bant Tenu. Vn.& Ga.—

.

193,82'7
257.785
307,40 0

..

1880
1881
1832

March

$
259,783
251,64 9
405,77 9

$

Den Moines Sc Fort Dodutv

Hi

Feb.

Jan.

Denver «fc Rio Grande-

M

EARNING^ OF PRINCIPAL

MONTHLY

)..
)..

EARNINGS.

180 miles aaouion

^