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2
63
8
OF
THE
COIMfERCIAL AND FINANCIAL CHRONICLE.
PUBLISHED ON SATURDAY, THE
THIRD, OR NEXT AFTER THE THIRD, OF EACH MONTH.
Regular Subscribers of THE CHRONICLE.
Furnished Gratis to all
[Entered according to act of Congress, in the year 1875. by Wm. B. Dana & Co., in the office of the Librarian
YORK, APRIL 3, 1875.
NEW
CLOSING PRICES OF GOVERNMENT
SUPPLEMENT
INVESTORS’
Mch.
The
jJ-raancial Cjjrnmdu
second of each
Financial Review of the previous month, and complete
Supplement is issued on the first Saturday after the
month, containing a
and Cities, and of
tabulations of the Funded Debt of the United States, States
Companies.
charge to aU regular subscribers of The
the Stocks and Bonds of Railroad and other
It
is furnished without extra
Chronicle.
Single copies (sold to others than subscribers) $1
each.
FINANCIAL REVIEW OF THE MONTH OF MARCH.
SECURITIES
IN
MARCH,
1875.
Coupon bonds.
,
fund. 6s’81 6s’81 5-20s 5-20s 5-2US 5-20s 5-20s 5-20s 10-408 10-408 ds
coup.
reg. coup. 1862. 1864. 1865. 1865. 1867. 1868. reg. coup. cur.
/
5s ’81
OF THE
Catttmerrial anti
of Congress, Washington, D. C.]
new.
1
1145*
2
3
4
5
6
7
114% 119
114% 119
8
114%
9
10
11
12
12
14
15
16
17
18
19
20
21
118% 119%
118% 113% 119
118% 119% 1195* 113%
...
119%
119%
118% 119% 116%
....
.
....
118%
1165*
119% 116%
113% 118%
..
118% 119%
117%
116%
....
...
....
118% 114% 118%
.
...
1195*
114% 119% 120
114% 119% 120
115
120%
115
119%
S
119%
113%
118% 119%
....
....
119% 119%
119**
119% ....
117% 119% 118% ll9%
118
118% 119%
119%
....
....
1'8%
....
....
....
...
116% 120
115% 120
..
.
....
114
114
113% 114% 119%
113% 114% 119%
114
114% 119%
114% ....
...
1195* 113% 119% 119% 114
118%
118% 119% 1195*
1145* 119%
month has been marked by events of more than usual
119%
114% 114%
117% 120
120%
120
118%
118% 120
114% 114%
119% 121
importance in financial circles. The call of Secretary Bristow for
120
119%
119% 119
115
115% 119% 120%
118% 119%,119%
115
$30,000,000 five-twenty bonds for the sinking fund, tlio specula¬
119%
tive manipulation of the gold market, and the extraordinary
115% 119% 120%
119% 119%
114% 115
115% 119% ....117%
119% 120
....111% ....119%
activity and advance in many of the leading speculative stocks,
115% 119%
117%
119% 119%
115 119%
have been among the most prominenUfeatures.
119% 121
117% 118%
119% 120% 120
115
Good Friday
In the money market there was but slight change during the
120
27
121%
120% 119% 120% 120% 114% 115%
...
A
S...A
early part of the month, and call loans were readily obtainable
29
1195* 121%
114% 115% ....
119% 119% 120%
by all respectable borrowers at 3 to 5 per cent; but subsequently
115% 119% 121%
119% 120% .... 114% 114% .119%
1195*
....118%
119% 120% ....114
114% 119%
the great activity in stocks, with advancing prices, led to a sharp
119% 1165* 117% 119% 118% 119% 119% 113% 113% 118%
demand for money, and a shifting of loans, which put up the Open’g 114% 119
High’st 115% 120
121% 117% 118% 120% 119% 120% 120% 114% 115% 119%
Lowest 114% 118% 119% 116% 117% 119% 118% 119% 119% 113% 113% 1185*
price of money to 7 per cent. There were some exceptional
115% 119% 121% 117% 118% 119% 119% 120% 120% 114
114% 119%
transactions, also at a commission of 1-32 and 1-16 in addition to Closing
Gold.—The gold movement was controlled by a clique of active
legal interest. For commercial paper the demand slackened
materially with the advancing tendency of money on call and the speculators, who succeeded in forcing the price up to 117 on the
decreasing reserves of the banks. The depression, and one or 29th, and at the same time compelled the payment of £ and 1 per
cent per day for the use of gold.
On the 30th there was a break
two failures, in tlie sugar and tea trades, bad an unfavorable
effect on paper of that class, but dry goods paper was scarcely in tlie clique movement, tlie price falling from 116£ to 115, and
affected; towards the close of tlie month quotations for prime loans down to 1 per cent per annum aud “flat.” On the 31st the
per cent. The banks held on March 27 an price declined further to 114$.
paper were about 5| to
excess above their legal reserve of $6,501,175 against $9,420,525
COUR8E OF GOLD IN MARCH, 1875.
on February 27, having been down to $2,543,500 March 13.
ti
t£
a
a
Government Securities.—The market was chiefly influenced
a
.2
Date.
Date.
*3
■a
W)
s*
•a
o
a
by the call of Secretary Bristow and by the gold speculation which
p<
o
s
5
O
C
o
a
advanced the premium.
When the call for five-twenties was
116
116
[onday
1 1145*11145* 114% 114%uThursday... .25 115% 115% Fri
first made regrets were expressed in some quarters that it had
Go’d
day.
26
uesday
2! 114%, 114% 114% ,114% (Friday
not been limited to registered bonds, including some of the issues
27 116% 116% 116% 116%
Wednesday... 3 114% (114% 115 j 125 -Saturday
Sunday
28
hursday... 4! 115
114% ,115%|115
of 1864, in order that the disbursements of gold might be made
29 1165*116% 117 * tis%
riday
5! 15 5 J115 1115% 315 I Monday
30 116% 114% 116% 115
entirely to holders in this country, but more mature reflection aturday
6J115 ’114% 115% 115 Tuesday
Wednesday ..31 114% 114% 114% 114%
unday...:... 7
j
seemed to convince all parties that it would have been bad policy
115
8 114% 114% 115
[onday
113% 115
uesday...... 9 115 *115
for the Secretary to strike at random into the later issues of five114%
114% 114% 117
115
115% 115% Mch. 1875
rcdnesday.. 10 115
1874
112% 111% 113% 113%
hursday. ...11 115% 115% 1155* 115%
twenties, and thus demoralize the holders of all of them with the
1873
114% 114% 118% 117%
riday
12 115% 115% 115% .115%
1872
110% 109% 110% 110%
prospect that their bonds might be called next, without regard to
115%
iturday
13 115% 115% 415% 115%;
1871
111% ,110% 111% ;110%
inday
14
i
the order in which they were issued.
115
1870
110% 116% 112
116
[onday
15 115%ill5%,116
1869
131% 1130% 132% 1181%
CLOSING PRICES OF CONSOL8 AND U. 8. SECURITIES AT LONDON IN MARCH.
uesday
16 116 ,1155*116% 115%
The past
....
...
..
-
....
....
....
....
....
....
....
....
....
....
....
..
.
....
....
....
....
....
0Q
Q>
GO
<u
•H
OD
CJ
o
—
.
Cons u. s.
for
5-20, 5-20, 10-40
mon. ’65 o. 1867.
Date.
Monday...,
Tuesday....
Wednesday
Thursday.,
Friday...
Monday..,.
Monday.
1
2
93
93
93
107%
107%
3
107%
4 92% 107%
5 93
107%
6 93
107%
7
8
107%
9
107%
10
107%
11 92% 107%
12 92% 107%
.13 92% 107%
14
15
16
17
18
19
93
93
93
•
92%
92%
92%
925*
92%
103
107% 103
107% 103
107% 103
107%
107%
107%
107%
107%
103
103
103
103
103
103
107%
107%
107%
107%
107%
103
103
103
103
103
107%
,
j
’65
o.
.
....
1867.
...
....
....
Opening....
•
•
•
•
• - •
....
.
.
Highest
Lowest
Closiner
High’t. I Since
Lowest) Jan 1.
103
....
...
...
93
93
107% 107%
107% 1107%
924* 107% 107%
92% 107% 107%
9
103
103
103
103
day.
102%
....
....
102%
102%
103
103
102%
102%
93%
105%
91% 107% 107% 102%
108
17 115% 115% 116% 116%
tiursday... 18,(116% 1165* 1165* 116%
riday....... 19'116% 115% 116% 116%
iturday... .20(116
115% 116 ,115%
inday
21J
I —
onday
22|116%il!6% 116% 116%
uesday
23|116%|116 ,116% 116
rednesday
5-20, 10-40
Saturday.... 20 92% 107% 107%
21
Sunday
22 93
107% 107 %
Monday
.23 93
107% 107%
Tuesday.
107% 107%
Wednesday.. 24 93
25 92% 107% 107%
Thursday
Fri
Go’d
.26
Friday
Saturday.... 27 92% 107% 107%
2H
1
Sunday
Holi day.
29
Monday
.30 92% 107% 107%
Tuesday
Wednesday...bl 92% 107% (107%
.
107% 103
„
107%
107%
107%
107%
107%
mon.
107% 103
107%
Cons U. S.
for
5-20,
Date.
..
108
ednesday. 24(115%|115%
Foreign
115%|ll5%
1868
1867
1866
1865
1864
1863
1862
140% 137% 141%|188%
140%: 133% 110% 134
136% 124% 136% 127%
201
jl48%
159% 159
371%: 189
102% 101%
(S’ce Jan. 1,1875 112% 1111%
Exchange.—Foreign exchange was
201
1151%
169% 167%
171% 149%
102% 101%
117
114%
completely de¬
the gold operations, and rates fluctuated violently
and rapidly with each change of phase in the Gold Room.
On
one or two occasions as many as four and five changes were made
in.the rates of leading drawers in a single day. On the 29th the
greatest depression was reached, when prime bankers’ sterling
went to 4.79 for sixty days’ bills and 4.83 for demand, and sales
from second hands considerably lower.
With the break in gold
exchange rebounded sharply.
moralized by
21.482*@4>3
3 days.
4.86*@4.87
@4.82% 4.86 @4.86*
4.85*@4.86
5..4.81*04.82
4..4 80*@4.81
4.84*@4.85
5..4 80*@4 61
4.84*04.85
60
4
‘
4
‘
6..4
days.
80*04.81
44
44
44
44
4.64*@4.85
4
7
4
“
8..4.80*@4.81* 4.84*04.85*
4
9.. 4.80*@4.81
10..4.79 04.80
11..4.80 @....
8
“
44
4.84*04.85
“
12..4.81*04 82
14
13..4.81*04.82
“
4.83 04.84
4.84 ©•...
4.85*04.86
4.85*04.86
“
'*
4
4
14
15..4.80
44
44
44
“
S
04.61
04.79
4.84
04.85
4
16..4.78
17. 4.79
4.84*@4 85
S
4.84*@4.85
23..4.80*04.81
4.84*04.85
4.85*@4.8d
24..4.81*04.82
25. 4.32 @4.82* 4.66 @4.86*
22..4 80*04.81
26
27..4.81
28
29..4.78
..Good Friday
4.85
30..4.81*04.82
@4.83*
-There
@4 83
S
@4.79
4.85*04.86
4.87 @4.87*
@4.83*
was
no
4.83 @4.87*
special activity
although the [pendency[of linancial questions of
importance before the Legislatures of Missouri, Tennessee, North
Carolina, and Virginia were calculated to affect the securities of
those States.
In Missouri the State has a large amount of bond
in State bonds,
falling due in 1875 and 187G, for which provision will be made
in new bonds.
Nothing is said of paying the interest of the ole
gold bonds in coin. In Virginia an attempt was made, hut
without success, to repeal in some shape the law which permits
coupons of the old consols to be received for taxes. In Tennessee
the Governor vetoed the bill which was to prohibit State officers
from making temporary loans for State purposes, but nothing
further is known about the July interest.
North Carolina has
passed a funding bill, of which the main provisions are given in
The Chronicle
Open. High.
Harlem
;
Illinois Central
Kansas Pacific
Joliet & Chicago
Lake Sho. <te Mich.South
to-day.
129
102*
129
100
Ind.,Cin. & Lafayette
3
3
98
93
75*
74*
Long Island
69.5-‘208s,13
127*
100
100*
•
•
•
•
78*
78
102*
N. Y. Cen. & H. R
do N.Haven & Hart. 137*
Ohio & Mississippi
28*
do
pref. 66*
Pacific of Missouri
48
112
Panama
Pitts., F. W. & Chi.guar 98
Renssalear!& Saratoga. .111
Rome & Watertown.... 73*
St. L., Alton & T. H
8
do
do
pref 26
97*
132
3
102*
138*
29*
66*
48*
113*
98*
111
73*
40
40
70*
95*
131*
•
•
•
.
111
98*
*8*'
“
74
97*
24*
24*
17*
3*
100*
138*
24*
.
....
49*
121*
....
69
73*
20*
20*
25*
7
22*
8
77
99%
139
28*
49
121*
96*
....
72
7
26
20
7
20
20
22*
130
18
’s”
100*
,
96*
6‘J
7
130
.
44*
...
20
.
112
99
26*
8
26
20
'
9
....
29*
....
.
•
10*
44*
111
25*
130
130
io“
ii*
14
18
20
20
18
18
41*
96*
38*
93*
40*
so*
40*
90*
68*
40*
96*
63%
34*
20
111/
11/4
t t 3/
11/8
98
15*
98
45*
34*
43*
28
33
23
28
22
33
24
26
70*
73*
73*
7b*
73*
58
58
58
43
42*”
42*
49*
42
17*
250
64
42*
17*
18*
17*
247*
Pacific Mail
American District Tel..
Atlantic & Pacific Tel...
Western Union Tel
American Coal
35*
37*
30*
34*
28
28
28
28
24*
2>
21
74*
75*
Consolidation Coal
43
•
Maryland Coal
17
Pennsylvania Coal
247*
Spring Mountain Coal.. 64
62
•
103
139
112
98
Mlscellaneong.
Canton
•
....
....
112
-
73*
100
.
139
50*
44*
•
50
8
24*
24*
C. & N., pref. 24*
Terre Haute & Ind
•
a
3*
28
43*
111*
97*
.
•
....
75*
101*
1C1*
136*
24
59
•
»r
50
97*
97*
132
8
26
20
23
L.,IronMt.& South. 23
•
•
78*
73*
8
•
•
«...
8
•
3
137*
•
72
3
101
•
•
•
50
•
73*
26
St. L., K.
Tol., Wab. & Western.. 15*
do
pref 20
Union Pacific
38*
93*
Warren...
•
•
72*
72*
•
•
•
•
98
72*
U
11
2*
2*
98
128* 131
128* 131
100* 103
129
•
Morris & Essex
95*
New Jersey
131*
New Jersey Southern...
3
St.
40
.
Open. High.
Low. Clos.
•
Louisville & Nashville. 40
Marietta* Cin.,2d pref
Michigan Central
©4.86
4.82
@4.82
31..4.83
Range.4.78
4.82 @4.88
@4-79* 4.83 @4.83*
State and Railroad Bonds.
‘
3 days.
4.82 04.83
4.84 @4.84*
,,
20..4.80*04.81
21
-MarchLow. Clos.
-February.—
XOB MARCH. 1875.
60 days.
Mch. 18..4.78 04.79
44
19..4.80 @4.80*
STERLING EXCHANGE
Mch.
[April 3, 1875.
INVESTORS’ SUPPLEMNT.
IT
64*
17
*
*
•
17*
64
62
250
04
04
•
•
•
.
•
.
.
.
.
62*
58
49
.
.
18*
...»
64
70
62*
3*
70
08
04
.
24*
78*
64*
3*
0*
6*
5*
5*
7*
several of the favorite Mar’p’saLand&MngCo 5*
9
9
do
do
9
pref 9
26
25
32
33*
33*
34*
issues, which have shown a large advance. The Central and Union Quicksilver....!
33
35
40
40
40
40
40
do
pref
39
40* 36
Pacific bonds have been most prominent, and the land grants anc. Adams Express
99
102
99
102
103* 101* 103* 104*
64
American Express
63* 03*
63* 64
63* 61
63* 64
sinking funds of the latter rose rapidly with the speculation in United States Express.. 59* 60
57*
56*
57*
61
57* 86*
the stock.
Chicago and Northwestern consolidated gold 7 per JVellB, Fargo Express... 84
86
87* - 81
85*
86* 86
114*
Dei. & Hud. Canal
110* 114
114
114* 113
Ill
114
cent, bonds advanced from 79| to 83|.
29 J
There were several new United States Trust Co
290
290
290
funding propositions from railroads, which had hardly been
The Debt Statement for March.—The following is the
expected—among these the moat important were the St. Louis official statement of tho public debt, as appears from the books
and Iron Mountain and the International and Great Northern of and Treasurer’s returns at the close of business on the last day of
Texas.
On the 1st of April default was made on the interest February,
1875:
then due on the first mortgage bonds of the Columbus, Chicago
Debt bearing: Interest In Coin.
Interest Accru’d
When
Authoriz¬
and Indiana Central Railroad, guaranteed by the Pennsylvania
Pay’ble Registered Coupon. Overdue. Interest.
Character of Issue. ing Acr.
$
(a)|2,ie6
(*>*260,000 $.
June 14/53....1314
Railroad. Some remarks upon the circumstances of this guarantee 5s of 1858
1.6:0,000
27,909 (a) 184,150
Is of 1881
Feb. 8, ’61.... 1880 {f) lo,785,000
7,799
(a) 9,450
(<7)945,000
will he found on another page of The Chronicle.
Mar. 2, ’61.„..1S81
Several im¬ 63, Oregon War
3’5,6:0.(a)l,893.213
6soll881,July 17and Aug. 5, *01.... 1881 f 125,842,350 63 4:9,050
C3/.69 (6)2,120,48:3
97.200,200
8,823.950
Feb. 25, ’62... .1882
portant meetings of bondholders have been held, and reports of 6s, 5-20’s, of 1862
115,230 (a >750.000
53,677,90) 21,3 .'2,: 00
6s of 1881
Mar. 3, ’63 ...1881
169,415 (04.861,157
committees issued, which have been noticed in our columns dur
141,362,750 53,203,550
5s, 10-408
Mar. 3, 6t ...1901
2,479
(6)18,932
946,600
6s,5-20s, of 1864
Mar. 3, ’61....1884
22,466 (6)1,160,924
ing the month, and will be found duly indexed in the remarks 6s,5-20s, of 1864
June30,’61....1884*1 25,299.500 33,7 46.700
305,700 ( 6)9_050,687
33,772,100 118,763,250
Mar. 3. ’65....1835
57.781,950 144,881,150 1,U76,‘ 59 (a)2,026.631
pertaining to the respective companies in the pages following.
1865, new....Mar. 3. ’65....1885
88,409,650 223,21:3,100 1,500,391 (<*>3,106,227
Mar, 8, ’65....1837
Railroad and Miscellaneous Stocks.—Stock speculation 6s,5-20s,1867
186.191 (a)374,7l0
11,093,500 25,380,500
Mar. 3, '65.... 1838
1,113,842 (d) 1,572,131
197,907,253 179,104,200
5s,Funded Loan, 1881. July 14, ’70... .1881
has been more active than at anytime since the financial crisis of
1873.
Just prior to the adjournment of Congress some of the Aggregateofdebtbearinginter’t in coin. 76i,%2.500 962,167.750 4,946,817 21,133,6:3
(a) Interest payable Jan.& July. (6) May <fc Nov. (c) March «fc Sept., excel t
annually
(e)
prominent operators succeeded in depressing stocks largely, coupons $50 & $100 paid {f) Keg. in 'larch, (d) Feb., May, Aug. & Nov. ^50, Keg.
»:00
*5,0l>0; coupon |1,00C.
1,000, $5,000, <110,000; coupon $L,000. (a)
through the Pacific Mail subsidy scandal, and the attack on & $500. (A) Reg. $50, $100, $500, $1,000, $5,000 & $10,000; coupons, $50, $10J, $500 &
$1,000.
Debt Rearing Interest In Lawful Money*
Western Union Telegraph, assisted also by the general decline
InterestPrincipal.
in railroad business, and the small relief from the “ Potter " law.
70.100
3*8, Navy pension.. Act Inly23,’68. .Int. only
agpl’d to pens’ns. 14,000,000
13,560
678,000
obtained by the railroads in Wisconsin, as well as the default of 4s, Certit* of indebtedness..Act July 8,’70. .Due in 1875.
Aggregate of debt bearing interest In lawlul monev
$14,678,000
$88,560
Wabash in February.
On this, as a basis, was built up a strong
Debt on Which Interest Has Ceased Since Maturity.
4.4 bull ” movement, which carried up the price of Union Pacific
Principal Interest.
Agg. oi debt on which int. lias ceased since mat’y
$8,779,670
$243,673
stock to 68£, and at the same time advanced the price of Pacific
Debt Rearing no Interest*
Mail, Chicago & Northwest, Western Union Telegraph, and, to a
Authorizing acts.
Character ol issue.
Amt. outstaad.
Demand notes
$72,117
17,1861, and Feb. 12, 1862
greater or less extent, the whole list. A combination of interest July 25 and July 11. ’62. aud March 3. ’63..U. S. legal-tender notes
Feb.
332,000,000
Railroad bonds have been very active on
between the Union Pacific Railroad
and the Pacific Mail Steam¬
ship Company, and a large advance in freights to California, was
the only important change which really affected the prospective
value of any stocks, unless we except the purchase by the Ohio
& Mississippi Railway of the Springfield & Illinois Southeastern,
228 miles, for $1,750,000.
The following table will show the opening, highest, lowest and
closing prices of railway aud miscellaneous stocks during the
months of February and March:
.
February.
Railroad stocks. Open. Iliirh. Low.
Albany & Susquehanna 98
Atlantic & Pacific pref.. 15*
Central of New Jersey.. 108
Chicago & Alton
105*
do
scrip
do
pref... 112*
Chicago, Burl. & Quincy 109
Chicago, Mil. & St. Paul 37*
do
do pref. 58
do
do
do
& Northwest’n 44*
do prof. 58*
& Rock Island. 103*
Cleve.,Col., Cin. & Ind.. 64
Cleve. & Pittsburg guar, 92
Columb., Chic. A Ind. C. 8*
Del., Lack. «fc Western. .108*
Dubuque & Sioux City.. 46
Erie
28*
do preferred
Hannibal & St. Joseph.. 21*
do
pref. 30*
93
15*
108*
107*
98
12*
107*
102*
....
112*
109
38*
110
,
Clos.
99
13
99
12*
109
113
109
103
102*
98*
103*
98*
100*
1.0
100
105*
32*
113*
32*
104*
105*
32*
51*
39*
51
57
51
39*
46*
59*
38*
51*
103
100*
102*
64*
90*
0*
110*
92*
6*
112*
-
*
.
•
112
105
1C2*
103
65*
03*
90*
4*
108*
90*
6*
110*
29*
Clos.
108*
105*
110*
46
,
Low.
99
47*
60*
92*
8*
Open. High.
99
13
98
103*
32*
51*
39*
51*
58*
March.
,
52
04
51*
15*
38*
05
98
14*
112*
103*
98
100
113
37*
56*
44*
57*
106*
00
03
90*
92*
5
0
no*
112*
40
40
54
55
54
26*
20*
20*
43*
35*
20*
50
42
50
21*
28*
30*
37*
20*
28*
26*
....
22*
19*
21
30*
27*
29*
<45
29*
33
....
....
•
•
•
...
45,855,(00
Certificates of deposit.....
Junes. 1872
Fractional Currency
July 17, 1862
March 3,1863, and June 30,1864
Fractional
Vlareli 3, 1363(iu $20,50,100,500,1,0005,000).Certifs. for
(
)
currency
Recapitulation*
Amount
Outstanding.
Coin—Bonds at 6 p. cent../.
Bonds at 5 p. cent
lnteresl
$678,000
14,000,000
$11.678,000
8,779,670
Total deb t bearing Interest in lawful money
Debt on which Int. has ceased since Maturity
Debt bearing no Interest—
Demand and legal tender notes
Certificates of deposit
Fractional currency
Certificates of gold depositeJ
S3,5n0
243,673
$332,072,147
45,8'5,oa)
44,901,961
22,2(9,100
$195,101,511
Total debt bearing no iuterest
Unclaimed Interest
18,794
$2,242,6S9.43l $26,426,738
including interest due not
$2,269,116,170
presented for payment
Treasury—
Amount in the
Coin
$75,626,083
cmrrencv
Special deposit held for redemption of certificates of deposit as
provided bylaw
.
;
...........
10,319.097
^
45,975,000
$13:,800/81
Total
Debt, less amount in the Treasury, March 1, 1875
Debt, less amount in the Treasury, Feb. I, 1375..
Decrease of debt during the past month
Decrease of debt since June 30,1874
Interest
$i,i5l,992,500
572,137,750
$1,724,130,250 $ 26,080,710
Total debt bearing interest In coin
i
Debt bearing Interest in Lawful Money—
Certificates at4 percent
Navy pension fund, at 3 per cent
Total... /.
Total debt, principal and interest, to date,
,,
22,269,100
$19.',101,511
gold deposited
Aggregate of debt bearing no interest
Debtbearing Interest in
•
2,137,3i5,989
2,143.996,1 <2
*
$5,772,251'
BOND TABLES.
AND
STOCK
NOTES.
The tables
following are expressly intended to be used in connection with the information
the Chronicle—an index to tile pages of all such information being furnished
week to week in
reports are indexed in black-faced figure
The United States Debt Statement,
'
concerning Investment matters, published from
in the remarks at the foot of the tables. Annuaj
Government Securities, will be published regularly on the page
|witli full description of each issue of
this supplement is published on the 3d of the month, and then in the Chronicle of the next week.
The following will givo explanations of each column of the ta bles:
Description.—In this column companies leased to others will often be found under the lessees’name. The following abbreviations frequentl
oocur, viz.: M. for “mortgage,” s. f. for “sinking fund,” 1. gr. for “land grant,” reg. for “ registered,” coup, for “coupon,” Br. for “Branoh, guar
for “ guaranteed,” end. for “ endorsed.”
Date of Bonds.—The date of issue on the face of the bond is referred to in this column.
Miles of Road.—Opposite Stocks, this me nus the miles of road operated, ou which the earuings are basod; opposite bonds, the miles oovered
immediately preceding this, except when
by the mortgage.
value. The figures “ 100, Ac.,” signify $100 and larger.
of last dividend for stocks; g means gold; x, extra; 8, stock or scrip.
March A Sept.; A. Sc O,, April & Oct.; M. A N., May A Nov.; J. &
Size or Far Value.—These figures are dollars, showing the denominations or par
Rate Per Cent— The interest per an n uni is gi veil for bonds, but the per cent
When Payable— J. A J.
for Jan. & July; F. A A., Feb. Sc Aug.; M. Sc 8.,
stands
Q.—J., quarterly from January; Q.—F., quarterly from Feb.; Q.—M., quarterly from March.
Bonds, principal when due: Stocks, lust dividend.—The date in this eolumu snows the period when the principal
when the last dividend was paid on stocks.
D., June Sc Dec.;
SECURITIES
STATE
by "Ivina: Immediate notice of any error
Subscriber* will ctmfer a great favor
falls due of bonds, but tho timo
discovered in these Table*.
INTEREST.
"
Date of
DESCRIPTION.
Size
For
Outstanding
par
Value.
1872
$100Ac.
$168,000
A! aba //in¬
state bonds, due iu 1-872
do
extended
do
do
lOO ike.
1,941,000
100 Ac.
473,800
5
5
lOO Ac.
877,700
1868
100 Ac.
500,000
6
5
6
^
8
8
1872
1873
and extended
Sterling bonds of 1850, extended
Sterling bonds, extended
do
do
do
do
Bonds of 1800
Bonds of 1808
New 8 per cent, loan of 1872
do
do
1873
New 7 per cent, loan
Educational funded debt
1,000
1,000
1,000
650,000
185,000
8
8
341,000
7
g.
g.
g.
g-
8
8
300,000
2,000.000
1.000
1869 to ’70
100 Ac.
1871
1838 to ’39
1872
1875
Floating debt.
1,000
1869
1870
1870
1870
1870
Memphis A Litto Rock Railroad
.
Little Rock Sc Fort Smith Railroad
Little Rock, Pino Bluffs & N. Orleans RR..
Miss., Ouachita & Red River Railroad
Arkansas Central Railroad
California—
1857
I860
fund, gold
1,000
1,000
1,000
do
100 Ac.
500 Ac.
500 Ac.
907,000
101,500
110,000
500,000
500 Ac.
1,497,000
100 Ac.
907,000
877,000
-
7
7
7
7
6
568,500
500 Ac.
1872
Permanent improvement, gold, coupon or reg.
1873
do
do
currency.
50 Ac.
1 874
Funding bonds (U. S. guaranty)
100 Ac.
1872
Washington funding, gold
*..
Chicago relief
50 Ac.
1 872
Market house
1871 to’73
1,000
Potomac water
:
4,000.000
790,000
8,000,000
J ^
1864
1 86 t
1865
~
1,000
1,000
1,000
Corporation of Washington
Corporation of Georgetown
Florida—
Bonds, ’57, ’68,’69, exch’able for bonds of '73.
Due school fund
State bonds
;
Consolidated gold bonds
2,250,000
100,000
152,400
485,000
1,500,000
252,317
262,045
•Lvi non
1 <37 l
1 873
i’ooo
1870
1,000
Various.
bonds
1,318,500
31° 5°°
....
......
Jacksonville, Pensacola Sc Mobile RR.
1866
1 *70
Bonds, act of March 1*2, 1866
Bonds, act of Sept., 1870, gold
New York.
do
1889
A J.
A J.
A J.
g.
g.
g.
J.
J.
J.
6 g.
7
3 65
6 g.
7
7
7
5, 6. 7'3
6
J. A
J. A
J. A
A. A
A. A
Alabama
offered for sale
The State’s interest has been in default
since Jan., 1871.
Total valuation of real estate
in
1873, $108,200,614; taxes assessed, $816,870.
Sec Chronicle, V. 18, p. 87, 601, 620; V. 19, p. 637;
(April).
Y. 20. p, 130.
Arkansas.—Rate of taxation. 5 mills. Unfunded
debt is mostly held by U. S. The State is in default
for interest.
Bv the last assessment for 1872 and
1873 the total valuation of property was $101,972,329.
Iu December, 1871, the Governor decided that levee
bonds could nor, be received for taxes. A new law
of 1875 authorizes $2,500,000 of bonds to pay float¬
ing debt and State government expenses ; the rea¬
sons for this new loan are stated by the chairman of
the finance committee, as quoted in the Chronicle,
y. 20, p, 139, A Board of Finance was appointed in
1880
do
do
1885
1893
1883
do
do
July, 1881
Jan., 1883
Jan., 1884
Oct., 1894
Oct., 1885
do
do
do
do
do
do
Y., First National Bank.
do
do
do
do
Q.-J.
6 A 7
7'
N. Y-,
Tnapofters’ A. Tr. B’k.
do
do
J.
6
1.000
1,000,000
3,600,000
2,098,000
1,000
1,880,000
F. A A. N. Y., Fourth National B’k.
do
do
J. A J.
Q.-J. N. Y., London or Frankfort
A. A 0.
19, p.
7
7 g.
7 g.
A
the
2),
167, 189, 637; V. 20,
California.—California ftuances appear to be in a
particularly sound cond'tion, and the total amount
is insignificant compared with the
of the State, and the debt is also being
reduced by a sinking fund. The State holds iu trust,
for School and University funds the $500,090 Capitol
bonds arid $1,328,000 of bonds 1873.
Total valua¬
tion of property, 1874, over $690,090,00).
Tax rate.
resources
$i()9.
advertisements
;
(V. 18. p. 217,
V. 19, p. 32.)
696; V. 19, p. 3 of
Connecticut was all
his been reduced
present figures by
sinking fund purchases. The 1861 bonds are pay¬
able at pleasure since July, 1871, and those of 1864
after October, 1874.
Assessed value of real and
personal property, March, 1874. $348,855,457; rate of
taxation, 1 mill. See Chronicle, V. 18, p. 453.
District of Columbia.—The whole funded debt, by
Commissioners’ report, is $15,742,G67. Certificates
chargeable on special assessments, about $1,616,00).
The total assessed valuation of the District in 1874
was $98 231,000.
More detailed information will be
obtained by reference to the Commissioners’ reports:
in the Chronicle, Y. 19, p. 637, and V. 29, p. 83. See
also V. 19, p. 15, 61, 142, 189,477; V. 20, p, *$9.
Connecticut.— The debt of
created for war purposes, and
since 186» from $10,00 >,000 to the
July 1,1891
July 1,1891
Aug. 1, 1924
1892
Various New York and Washington.
Jan. 1,1877
J. A J.
Washington, D. C.
July 26, 1892
do
J. A J.
Oct, 1,1901 to ’03
do
J. A J.
do
Various
do
J. A J.
161. See Chronicle, Y.
139, 161.
50 cents per
1877
do
do-
do
do
do
do
Hartford, Treasury.
J. A J. N.
J. A J.
F. A A.
of indebtedness
creditors was given
A law was passed
in April, 1873, offering $1,00!) of direct State bonds
for every $1,000 of endorsed railroad bonds which
should lie returned, and a limited amount of direct
1900
April, 1900
8 g-
was
bonds, and their notice to State
in the Chronicle, V. JO, p. 13!).
1899
1900
1900
do
do
do
do
J.
p.
p.
commis¬
Trust Co.
6 g.
dorsed is large.
The sentiment iu (lie State is un¬
favorable to a recognition of the latter, but inclines
to the plan of leaving the bondholders to obtain
what they may bv foreclosure of the roads. A bill
sioners to “ take charge of and ascertain, liquid ite
and a Ijust.’’ the legal liabilities of the State on its
*
J.
J.
J.
O.
0.
Alabimt.—The direct debt of the State is not. January, 1875, to confer with bondholders of
State, and they issued a notice as quoted in V.
very
heavy, but the amount of railroad bonds en¬
1882
Sacramento, Treasury.
A J.
A J.
g-
Union Trust Co.
N. Y., Union
do
do
do
do
A J.
J.
J.
do
do
A J.
A J.
g.
1899
1900
N. Y., Union Trust Co.
509,200
4,000,000
500
500 Ac.
1870
Bonds, act of Oct., 1870, gold
1893
3 894
J.
A. A O.
A. A O.
6
The
do
do
J.
S.
A. A O.
A. A O.
7
1,741,100
issued.
is now
1888
Jan., 1892
J.
A. A O.
7
7
7
7
100 Ac.
bonds
have
thus been
Sc Chattanooga Railroad
do
do
do
N. Y.,
6
6
6
6
passed iu December, 1871, appointing
New York.
1886
1886
1886
1886
do
7
600,000
1,100,000
1861
1863
Atlantic & Gulf Railroad
Ldndon. Union Bank.
J.
J.
7
(?)
800,000
1,2004)00
900,000
1,200,000
1873
Connecticut—
War bonds, 10-20 year,
do
20 year
Loan to
1.
J.
6
3,050,000
1,460,000
2,123,086
300,000
1,000
1870 to '72
Georgia—
do
do
J.
J.
J.
J.
May, 1892
May, 1886
May, 1886
June, 1890
New York.
N.
N.
1,026,415
Levee bonds (or warrants) .*
Old unfunded debt, including interest
Ten year bonds for deficiencies
New bonds (for $2,500,000)
20 year
N.
8
12,751,000
1870
1870
Funding bonds of ISO!) and .1870
20 yoar
do
do
10-30 year
do
not taxable,
District o f Columbia—
M. A
M. A
M. A
June
J.
A
J. A
J. A
J. &
J. A
J. A
M. A
J. A
Due.
Whom.
Payable
2,806,378
Arkansas—
Civil bonds, sinking
do
Soldiers’ relief..
State capital bonds
Bonds of 1873
648,000
1870 to ’71
Railroad bond indorsements
Loan to Montgomery Sc Eufaula Railroad
Loan to Alabama Sc Chattanooga Railroad
State certificates and Auditor’s warrants
To
To
To
To
To
688,000
64,800
82,500
1871
:
Rate.
Payable and by
Where
When
5
1866
1866
1870
1866
1866
1867
1866
explanations see notes above.
Principal when
Amount
or
Bonds.
Jan.
1,1903
N.Y., Duncan, Sherm’n A Co
a
1878, ’9, ’80, ’1/6
July, 1886
Oct., 1890
Florida.—The debt of Florida has been
shape by the continued efforts of
better
placed In
the State
Comptroller, Hon. C. A. Cowgill, whose last annual
report is quoted at some length in the Chronicl*.
V. 29, p. 161. Le°8 the school bonds and J. P. ana
M. l#an, the total debt is about $1,100,000.
Real
and per onal property are valued about $35.00°,000;
tax rate, 7 mills.
The lorn to J. P. 8c M. RR. is
secured by mortgage, on road, and the question as to
the Slate’s obligation to the bondholders is bow in
litigation in the U. S. Supreme Court; no interest
has been paid on these bonds for some years past.
(V. 17, p. 9, 3.-3.)
Geoiyia.—This is one of the Southern States that
has paid the interest on its acknowledged debt, bnt
the Sta e Legislature declared void all the semi¬
annual gold bonds of 1870, and $102,000 of the quar¬
terly bonds held by II. Clews & Co.; the Brunswick
& Albany bonds, $1,500,000 ; and the following rail¬
road endorsements,
Brunswick & Alb my,
viz.:
$3,300,000;
Bainbridge Cuthbert & Columbus,
$600,000; Cherokee Valley. $300,000; Cartersvillc
& Van Wert,, $275,000.
Assessed value of pro¬
perty in
1874,
$273,000,009; rate of tax, four
Bmnswick Railroad
mills.
The
Macon
&
endorsement, was declared
by
binding on the State
1872, but the Legislature
has declared the later issue of $600,000
Extended extracts from the
invalid.
the Legislature of
of 1875
to* be
Governor’s
message on
the Chronicle, V. 20. p.
Ill, 350, 375; V. 20, p.
241.
finances were
83.
See also
given in
V. 19, p.
‘
•
Subscribers will confer a.
[April 3, 1875.
SECURITIES.
STATE
Tl
discovered in ttiese Tables*
immediate notice ot any error
great favor by giving
INTEREST.
For
explanation
see
notes on first page of
Bonds of 1872
Bonds for funding
Railroad direct bonds...
1872
1873
1870 to ’71
1870
Illinois—
$307,500
1,000
1,000
1,000
100 Ac.
1871
....
100 Ac,
100 Ac.
1861 to ’69
1861 to ’69
1864 to ’69
....
735,000
o s
debt assumed
'
Baltimore A Ohio Railroad sterling
Chesapeake A Ohio Canal sterling
Susquehanna A Tide Water Canal
1839
1839
1868
1871
1872
1873
1874
Maryland Hospital Loan, 10-15 years
Maryland State Loan
389,000
545,000
565,000
875,000
2,500,000
750.000
951,854
War Loan, sterling
Troy A Greenfield Railroad loan, sterling
do
home
do
sterling
do
do
sterling
do
dollar bonds
do
Southern Vermont Railroad Loan
Norwich A Worcester Railroad Loan
do
do
•
Indiana.—Indiana has but a nominal debt now,
question as to the State’s obligation to
but there is a
the Wabasn & Erie Canal debt. A reference to
origin of that debt, arising from the State’s
compromise with the bondholders in 1846, will be
found in the Chronicle, V. 19, p. 493; see also p.
pay
the
526.
A suit has been commenced to determine the
7
J.
6
6
J.
J.
J.
M.
J.
M.
A
A
A
A
A
A
6
6
6
6
J. N. Y., Ain.
do
J.
do
J.
do
S.
do
J.
do
N.
J.
J.
_
.
rr
100 Ac.
....
such
?h ill
four
buildings;
be
cents
not
sold
on
provider!
at
a
the
that
such
bond'
price leas than ninetydollar,
nor
bear 'a
Co.
O., Louisiana Nat. Bank.
do
do
do
do
N. Y., Winslow, L. A Co.
do
do
O., Louisiana Nat. Bank.
N.
do
do
do
do
do
do
N. Y., Winslow, L. A
do
do
Co.
O., Louisiana Nat. Bank.
N. Y., Winslow, L. A Co.
N. 0., Citizens’ Bank of La.
1883 to ’84
1876 to ’99
1884 to ’99
July, 1893
1872 to 1906
1886
May 1,
Sept., 1906
Jan. 1, 1890
Jan. 1, 1890
March 1, 1909
May, 1910
1899
1909
1897
N.
N.
Y., Winslow, L. A Co.
1907
March 1,1875
1886 A ’88
July 1,1910
April, 1911
N. Y. and New Orleans.
Jan., 1914
March, 1883
1875 to ’78
A J.
A J.
A J.
London, Baring Bros.
5
3
6
6
6
6
6
6
6
6
A. A O.
1890
1890
1865
1880 A 1890
1890
1890
1885
1890
1890
1875 A ’93
1885 A ’89
528,785
298,435
62,615
3,333,583
225,000
330,000
443,471
100,000
50,000
220.000
1,000
1,000
1,000
1,850,000
1,000
200,000
4,379,500
1864
500 Ac,
£100 Ac
1864
.£200
1869
1 858 to ’61 .£200 Ac
1861 to’63 500 Ac.
£100
1868
200 Ac.
1871
1873 to’74
1,000
600,000
888.000
4,000,744
999,944
554,180
966,500
2,952,400
5,598,912
700,000
200,000
400,000
3,599.024
400,000
650,000
5,000
1,000
£200
1,000
1,000
annum.”
A similar law
6
5
6
5
5
5
J.
A
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
J.
Aug., 1880
June, 1889
April, 1882 to ’87
—
g.
g.
g.
g.
g.
g.
g.
g.
g.
g.
g.
g.
gg.
g.
g.
g.
Boston, Treasury.
do
do
do
do
do
do
do
do
do
do
do
do
J. A D.
M. AN.
J. A J.
J. A J.
J. A J.
J. A J.
M. A N.
M. A N.
J. A J.
A. A O.
A. A O.
A. A O.
J. A J.
J. A J.
A. A O.
J. A J.
J. A J.
J. A J.
J. A J.
eight per centum per
w
small amounts, as money was received from fax
collectors. It is said that interest will be paid on
funding; bonds. The Auditor recommends
tax,$of 14V mills, in 1875 as in 1874
(in 1873 the rate was 21V mi.Is), and he demands
an improvement in methods of assessment.
The
total assessed value of real estate in 1874 was
$155,748,783; personal, $44,825,923; of which New
new
same
Orleans had
Baltimore, State Agent.
A O.
A J.
A J.
A J.
Orleans of interest
due up to January, 1874, but was only continued in
commenced‘in N
do
do
do
do
Quart’y
A.
J.
J.
J.
do
do
do
do
Quart’y
5
5
5
5
5 g.
5 g.
5
•5
5
6
5
5
5
Quart’y
was passed for counties, which, re¬
ferring to contracts that have been made for public
t'uildings, Ac., says that in counties where such
contracts have been so made, the board of commis¬
sioners of such counties are authorized to issue
bonds to an amount not exceeding one-half of one
per centum on the assessed valuation of the pro >erty of such county, in addition to any loan for said
purpose for which bonds may have been heretofore
issued, negotiated and s old.
Kansas.—Kansas has but a small State debt, but
the issues of municipal bonds have been large. An
extract from the State Auditor’s report is given in
V. 20, p. 14.
The valuation of real and per¬
sonal property in 1874 was $128,916,519; tax rate, 6
mills. State funds hold $635,125 of the bonds. (V.
the
the
1876
N.
J. A J.
Various
Various
8
M. A N.
6
M. A S.
8
J. A J.
6
M. A S.
6
J. A J.
8
J. A J.
8
M. A S.
7
M. A N.
6
730 M. A S.
A. A O.
8
Various
J. A J.
8
A. A O.
8
8
J. A J.
7
6
6
“
aggregate $10,000, in denominations of not less than
$50 nor more than $500, and payable at any place
that may be designated in the bonds; the principal
in not less than one year nor more than ten years
after the date of such bonds, and the interest,
annually or semi-annually, as may be therein pro¬
vided, to provide the means with which to complete
After 1881
J.
J.
J.
500
was
Jan., 1880
Jan., 1880
Jan., 1880
5 g.
5 g.
5 g.
5
1,000
1857
1861 to’62
ment
Various
do
do
do
do
N. Y.. Donnell, L. A
do
do
do
do
A J.
A J.
question, in which Mr. J. K. Gapen, of 12 Wall
street, is the plaintiff.
Taxable valuation, $981.861,821; tax rate, IX mills. There is also $262,00) 2), p. 14.)
old debt yet out. A law permitting towns to is-me
Louisiana— The political troubles of Louisiana
bonds was passed in 18i5, the main section being as have been a great injury to the State financial! v. A
follows:
constitutional amendment, passed Dec. 15, 1870, lim¬
Section i.—Be it enacted by the General Assem¬ ited the total debt to $15,000,0 )0, but it was decided
bly of the State of Indiana, That any corporated that bonds authorized previous to the amendment
might be issued. A funding bill was passed Jan. 24,
town in this State which shall have heretofore, by
the action of its Board of Trustees, commenced the 1874, scaling the debt down to 60 per cent of the
erection of any public buildings, to be used as a face value, and up to Jan. 1, 1875, $1,403,700 of old
market house, engine house or other public pur¬ bonds and $182,724 of warrants had been funded.
The gross debt reported by the Auditor at that
poses, and shall not have the necessary means with
which to complete such building, on the passage of date was—bonds, $31,87$,32 ); warrants. $1,423,985.
Nothing is said of the contingent debt, which was
an ordinance authorizing the same by the Board of
$5,4SS,602 in January, 1874. "In June, 1874, pay¬
Trustees of said incorporated town, issue the bonds
of such town to an amount not exceeding in the
Jan., 1878
do
1875
July.
6
7
7
Exchange Bank.
New York.
A. A 0.
Various
7 A 8
6
Dec., 1890
New York.
A D.
Oct., 1898
greater rate of interest than
Municipalities in Illinois are in some localities
heavily incumbered with debt issued to railroads.
(V. 19, p. 15, 38, 526.)
....
....
Augusta and Boston.
Illinois.—The debt has been rapidly reduced of
$400,OoO per year to the State revenue. The assess¬
ment of all property in 1874 was $1,101,013,463.
1892
April 1,1875 to’86
2,832,500
3,083,900
Danvers Lunatic Hospital
late years, and, without the addition of new loans,
will soon be extinguished.
The Illinois Cen'ral
Railroad charter tax on earnings contributes over
do
do
A. A O.
Augusta and Boston.
Boston, Suffolk Bank.
1860
1857
1868 to ’69
1874
1874
Boston, Hartford A Erie Railroad, sterling...
Harbor Land Improvement (5-20s)
Y., Fourth National B’k.
N.
7
8
due.
whom.
pay’ble.
Various
M. A S.
F. A A.
J. A D.
A. A O.
1863
sterling
Rate.
Principal when
payable and by
6
6
6
6
6
171,000
525,000
475,000
1861
1862
1863
Massachusetts)...
Bounty Fund Loan
Bounty Fund Loau
do
2,821,000
31,069
269,000
1839
1837
Chesapeake A Ohio Canal
Baltimore A Susquehanna Railroad
Annapolis A Elkridge Railroad
Defense Bounty Loan
Deaf and Dumb Asylum Loan
do
1838
1838
1838
Various.
Railroad
3,992,000
2,960,000
722,100
250,000
80,000
134,000
497,000
Where
When
2,073,333
2,598,111
745,000
156,615
100 Ac.
1868
Maryland—
.
346,000
2,335,000
1,000,000
-
Normal School Loan
Massachusetts—
Lunatic Hospital (Western
Back Bay Lands Loan
Union Fund Loan
do
do
do
Coast Defense Loan
889,000
500
'
Railroads and canals
Eastern Shore Railroad
Baltimore A Susquehanna
101,175
-
1,000
1853
Bonds in aid of various railroads
1866
1,000
Levee bonds
1867
1,000
do
500
1870
do
100 Ac.
1866
Bonds funding coupons
1866
1,000
do
for redemption certificates, Ac
1870
1,000
do
to Boeuf A Crocodile Navigation Co...
1870
1,000
for relief of P. J. Kennedy
do
1869
1,000
issued to State Penitentiary
do
1,000
1870
to fund floating debt of State
do
1869
1,000
to Mississippi A Mexican Gulf Canal.,
do
1869
1,000
do
to Northern Louisiana A Texas RR. Co.
1857
1,000
do
school, held by State Treasurer
1870
1,000
do
to N. Orleans, Mobile A Chattan’ga RR.
1871
1,000
to New Orleans A Chattanooga RR
do
1869
1,000
do
to New Orleans A Texas RR
1874
Consolidated funding bonds
Maine—
1851 to'61 500 Ac.
Civil loan bonds
Gp
500 Ac.
1863
War loan bonds
1 863
1,000
Bounty loan bonds
500 Ac,
1864
5 £
do
do
.
910,000
3,904,738
5,000
1873
Louisiana—
Bonds for relief of State Treasury
war
940,445
320,000
28,000
86,000
64,600
250,000
1,000
Bonds, 1861 to ’69, funding, Ac
Bonds for various State purposes
Military loan
Municipal
1,200,000
7,545,900
1,500,000
$250Ac.
1847
Interest bonds, inscribed stock
Refunded stock bonds
Normal University bonds
Thornton loan bonds
War bonds..
Revenue deficit bonds (to Chicago)
Indiana—
New bonds, temporary loan
School fund bonds (non-negotiable)
Kansas—
_
outstanding.
Value.
-
Railroad endorsements
Amount
or
par
tables.
Georgia—( Continued )—
Brunswick A Albany
Size
Date of
Bonds.
DESCRIPTION.
$105,901,565 of real, anc| $30,059,220 of
London, Baring Bros.
do
do
do
do
Boston, Treasury.
London, Baring Bros.
London.
Boston, Treasury.
do
do
do
do
London, Baring Bros.
Boston, Treasury.
do
do
June, 1877
May, 1880
July, 1875 to ’76
July, 1877 to ’78
July, 1883
July, 1883
May, 1894
May, 1894
July, 1889
Oct., 1888 to ’90
April, 1890 to ’94
April, 1882
July, 1891
July, 1891 to ’94
April, 1890
July, 1877
Jan. A July, 1900
July, 1894
July, 1894
$3,514,332
bonds to
117,
personal. The gross revenue in 1874 was
and expenses $3,068,101.
The $2,500,000
N. O. & Chatt. RR. have been declared void. (V. 18,
p. 62, 87, 143, 162, 350, 502, 526, 601, 606; V. 19, p.
167, 184; V. 20, p. 78, 83.)
Maine.— The sinking funds. January, 1875, were
$1,514,022, reducing the total debt to a net amount
of $5,574,378.
Valuation of total taxables in 1874,
$25 >,000,000; tax rate, 5 mills.
Maryland.— The assessed valuation of property in
1874 was $463,034,812 on which the rate.of taxation
was 20 5-16 cents per $100; income from dividends
on railroad, canal and other stocks owned by the
State was $139,469. The State has largely assisted
canals and railroads, and holds $4,469,783 of stocks
and bonds of solvent companies, besides $55,459 in
the sinking fund, leaving only $6,625,236 of debt,
without any offset; the State also holds $22,122,441
in
unproductive securities.
On two investments
only, the Comptroller says that the State has met no
loss, viz., the Baltimore & Ohio and the Columbia
& Port Deposit railroads.
Massachusetts.— All interest on the funded debt of
Massachusetts is paid in coin.
The credit of
Massachusetts stands higher, perhaps, than that
of any other State, although the only Northern
State that is increasing its funded debt.
One
for the high standing of the
reason
State’s
the careful application of
principle, which has been
thoroughly tried in Massachusetts finances.
credit is found in
the
sinking fund
v
ry
_
the debt was increased $987,400sinking funds in January, 1875, were $13,577,105. including school funds. TheHoosao tunnel
has so far cost the State about $14,500,000. and has
become
known as “ The Great Bore.”
Real
During 18M
The
assessed in 1874. $1,289,308,763; personal, in.
eluding bank shares, $572,861,914; tax rate, 1.23-100
mills; deposits in savings banks, $217,452,120; cor¬
estate
poration property (above real estate and machinery),
$84,775,750. The loan to Boston Hartford & Erie
RR. is secured by deposit of
mort, bonds. (V. 18, p. 63; V.
$4,009,000 “ B#fdelJ
19, p, 117.)
STATE
April 3, 1875.]
Subscribers will confer a great flavor by giving
DESCRIPTION.
For explanations see
Date of
Bonds.
SECURITIES
immediate notice of any error discovered in tliese 'fables.
Size or
par
Value.
notes on first page of tables.
Michigan—
INTEREST.
Amount
outstanding.
$1,000
$105,000
1,000
1,000
1,032,000
366,000
61,000
6
7
7
1,000
1,000
100,000
100,000
50,000
230,000
1,000
2,275,000
7
1,000
439,000
1,000
1,000
1,000
2,727,000
6
6
401,000
104,000
6
6
1,000
2,853,000
6
1,000
1,000
1,000
1,000
1,000
1,000
392,000
504,000
6
1865
1859
1,000
1867
1868
1869
1873
1858
1,000
1,000
Where
J.
J.
M.
J.
7
6
A
A
A
A
J. N. Y., Am.
J.
do
N.
do
J.
do
A J.
A J.
A J.
J. A J.
J. A IX
t
Due.
Whom.
J.
J.
J.
7
Principal—When
Payable and by
Pay’ble
6
18(53
.
When
Rate.
1858
Renewal Loan Bonds
Two Million Loan
War Bounty Bonds
Sainte Mane Canal bonds..
Minnesota—
State Building Loan
<...
do
do
do
do
do
do
coupon
Railroad Bonds (not recognized)
vn
Exchange Bank.
July, 1878
do
St. Paul,
do
1878 A ’83
do
do
May, 1890
July, 1879
1877
1878
1879
1883 to 1903
Treasury.
do
do
do
do
do
Dec., 1887
Missouri—.
State bonds
1865 to ’66
1868
Consolidated bonds:
University and Lunatic Asylum bonds
187“
State Bank stock refunding
Bonds to North Missouri Railroad:
Bonds to Cairo &-Fulton Railroad
Bonds to Platte County Railroad
Bonds to Iron Mountain Railroad
Pacific Railroad of Missouri
Southwestern Branch Pacific Railroad
do
do
guar...
«
1874
Funding bonds
Joseph Railroad
Hauuibal & St.
do
renewal
do
NevadaState bonds to fund floating
1857 to ’59
1859 to’60
1854 to ’59
1853 to ’59
1857 to ’66
1856 to’61
1874
1853 to ’57
1874
Municipal
war
State bonds
debt,
j
3,735,000
6
1,455,000
1,000
1,589,000
1,100,000
1,000
2,715,000
1,000
285,000
160,000
10
418,000
600,000
2,206,100
500,000
6
6
....
1861
1864
1,000
1,000
100 Ac.
1873
100 Ac.
1861
100 Ac.
100 Ac.
100 Ac.
1,000,900
900,900
593,400
1,000
1,057,000
14,855,000
CO
CO
1827 to ’32
1848
561,500
900,000
800,000
rfr&r
1848
1848
Under Art. 7, Sec*. 3, of Con-
1
1,537,887
7.
1872
?
1 873
1 873
£
tt a
£5
1874
I
473,000
880,000
1,562,900
847,500
i
4,302,600
2,000,000
66,443
*
Comptroller’s bonds (by Rev. Stat’s)
North Carolina—
Railroad and improvement bonds, old
do
do
do
old
SR. and improv’t bonds, new (not special
do
do
do
do
Funding bonds, since war
do
do
6
6
A
A
A
A
J.
J.
J.
6
'
stitution and Art. 7, Sec. 12.
J.
M.
J.
J.
6
1K63
1864
A J. N.
A J.
A J.
A J.
A J.
A J.
A J.
A J.
A J.
A J.
A J.
A J.
A J.
A J.
do
do
do
do
do
186(5
1 868
Registered certificates of literary fund
Penitentiary bonds, act Aug. 24, 18(58
Special tax bonds
*
1,000
1,000
Jan., 1876 to’84
Jan., 1886 to ’96
Jan., ’97 to 1902
do
do
At will.
do
July, 1878
At will.
Oct., 1875
Dec,, 1877
Albany.
N. Y., Manhattan Bank.
do
do
do
do
do
do
do
do
do
do
July. 1887
Jan.
J.
J.
A J.
A J.
1, 1883
July 1, 1891
Oct. 1, 1892
On demand.
Albany.
7
7
44,0(H)
1879 to ’80
Jersey City.
do
A J. N.
A J.
A J.
383,045
1868
July, 1875 to ’78
Sept., 1884 to ’89
Jan., ’92 to 1905
July, 1875
J.
J.
J.
100 Ac.
18(57
_
%
6
6
6
2,417,400
1,711,400
Boston.
do
do
do
Albany.
Y., Manhattan Bank.
N.
6
6
6
TOO &c.
or
April, 1877
April, 1877
1,493,200
4,072,640
2,400,000
1,000
......
March, 1881
N. Y. Manhattan Bank.
do
do
11,407,000
2,383,000
1,695,000
1875 to ’87
do
Trenton and
do
do
6
6
1,000
......
July, 1894
N, Y., B’k N. America.
46,027
tax)
do
do
do
....
6
6
6
6
1875 to’88
1877 to ’89
1889 to ’90
1875 to ’89
1875 to ’87
1876
1876
do
Concord
do
do
do
J. A J.
J. A J.
J. A J.
J. A J.
5 A 6 g. J. A J.
6 g.
Q.-J.
6 g. J. A I).
6 g. J. A J.
6 g. J. A J.
6 g. J. A J.
6 g. A. A O.
5 A 6 g.
4,738,800
3,639,400
July, 1892
do
do
do
do
do
do
do
do
do
J. A J.
A. A O.
J. A J.
A. A 0.
J. A J.
A. A O.
J. A J.
A. A O.
A. A O.
500 &r.
500 Ac.
......
do
do
do
do
J.
S.
J.
J.
J. A J.
7
7
5 g5 g.
6 g.
do
State Treasury.
A J.
A J.
A J.
1883
1888
Y., Bank of Commerce.
M. A S.
6
1872
loan
New Jersey—
War loan bonds, tax free
do
do
do
do
do
taxable
New York—
Bounty loan bonds, coupon
do
do
registered stock
General fund debt—Astor stock...
do
do
deficiency loan
do
do
do
do
do
do
do
do
Canal
6
6
6
7
6
6
6
1871
debt
New Hampshire—
War loan, coupon bonds
do
do
2,340,000
J.
J.
J.
J.
J.
J.
J.
J.
,T.
J.
J.
J.
J.
J.
1868
1868
1868
1868
New York.
do
do
do
do
do
to ’98
to’98
to’98
to’98
Jan., 1900
Oct., 1898
Indefinite.
Raleigh, Treasury.
Oct,,
New York.
do
1898
1898 to ’99
Oh t o—
do
do
do
do
do
do
June, 1881
June, 1886....
Oregon —
Bounty bonds
1S 7 O
Willamette Canal and Lock
Pennsylvania—
Inclined plane loan
Coupon loan, April 2, ($28,000 registered)..
do
do
do
May 4
Registered loan, May 4
Michigan.—The debt has been largely diminished
in the last few years.
Assessed valuation
and personal property, 1871-72, $<>30,000,000.
rate 2 4 mills.
Surplus revenue is applied
chase of bonds.
(V. 20, p. 139.)
of real
and tax
to pur¬
bonds are now held by
permanent school fund. Minnesota is usually
classed among the States which have avoided their
Minnesota— All the State
the
obligations, in consequence of her refusal to recog¬
nize the “State Railroad bonds” of 1858 to the
amount of $2,275,000. Efforts to have them acknowl¬
edged by the State have thus far failed. Property
valuation, 1874, $217,000,000; tax, 5 mills. (V. 18, p.
63, 247; V. 19, p. 493.)
Missouri.—'The Governor’s' message on finances
was published
in the Chronicle, V. 20, p. 83
The. valuation of real and personal property in
1874 was $589,174,215, upon which the tax is 4yz
mills.
Railroad property was assessed at $54,849,312.
bonds maturing
The State has $1 428,000
in 1875, and $1,907,000 in 1876.
To provide for
these, $1,770,300 of U. S. bonds in State funds
are
sold and replaced by new Missouris, and
the balance to be raised by sale of new bonds. The
Hannibal & St. Joseph Railroad provides for its
debt.
Bonds falling due are paid in currency,
pursuant to a resolution of the Legislature, although
these bonds issued to railroads are payable by thenterms in “gold or silver."
(V. 18, p. 374, 6)0; V.
own
p.
493, 502; V. 20, p. 83, 161, 290,
Nevada.—The debt of Nevada is
313.)
hardly
more
than
nominal.
New Hampshire.—The debt of New Hampshire
created for war purposes, and is being rapidly
reduced. The Municipal loan of 1872 was issued to
cities and towns, the proceeds to he used in reducing
their several war debts, which the State thus as¬
sumed.
was
Jersey The debt was created for war pur¬
Of the first two classes of bonds the princi¬
pal is payable, $100,003 per year. Valuation of real
New
poses.
....
and
200,000
i.’ooo
87,000
2,867,000
1,000
1,000
400,500
50 Ac
50 Ac
50 Ac.
A.
J.
4^g. J.
5 g. F.
5 g. F.
5 g. F.
F.
6
F.
5
F.
6
6 g.
5 g.
400,000
396,000
1,000
1,000
1849
1 852
1 852
1852
1852
1853
1K67
18(57
18(57
Coupon loan of April 19 ($35,000 registered).
Stock loan of Feb. 2 (registered)
do
do
do
do
do
(coupon A registered)..
19,
100 Ac.
100 Ac.
100 Ac.
1850
1860
185(5
Registered loan, payable after 1875
.
273,000
1,256,400
92,850
7,890,550
A
A
A
A
A
A
A
A
A
personal property in 1874, $619,097,903 ; State
$68,000 contingent debt
Long Island Railroad, and $7,361 per annum for
Indian annuities. The debt of New York State has
been created chiefly for canals and for war purposes.
The late.al canals arc a failure; but the Erie Canal,
th nigh expensive (partly through political fraud in
its management), has been a great success as an in¬
ternal improvement.
An abstract of the Comptrol¬
ler’s report for the year ending Sept. 3), 1S74, was
given in V. 20, p. 60. The following were valuations
and tax rate for State purposes in tne year 1859, and
New York.—There is also
to
from 1870 to 1874 :
183 )..
18(0..
Real Estate.
1871...
1872..
1873..
1874..
..
.
...
...
...
...
...
5b4,524
1,532,72 ), 907
1,599.930,16b
1,644,379,410
1,692,523,071
1.750,698,918
Personal.
$307,349,155
434,280,278
452,607,732
147,248,:»35
437,102,315
418,608,955
State tax.
2X
7 41-156
5 79-120
do
State
1885
1880
Treasiuy.
April, 1879
July, 1882
July, 1882
Aug., 1877
Aug., 1877
Aug., 1878
Feb., 1872
Feb., 1872
Feb., 1877
stock and receives dividends thereon. Other inter¬
A funding bill passed the Legisla¬
est in default.
ture March, 1875, but so unfavorable to bondholders
as to have little chance of
acceptance. In New
York bonds are sold thus: “Old,” issued prior to
May 1, 1361, coupons on from Jan. ’69; “N. C. R.
R.” issue *2,800,000 to that road, coups, on since
Jan. & April, ’69; t-arae “coup, off” have
7
had
coups,
paid; -‘funding act ’66 carry coups. Jan.,
coupons April,
’69. “ New- ”—authorized before war, except $1,500,000 in 1868; “Special tax, 1st,” carry coup. April,
’69; “2d” coup, of Oct. ’69; “3d” coup. April,
1870. (V. 18, p. 166, 629; V. 20, p. 84, 161, 283.)
Ohio.—The
Governor’s
as
regards
message
finances was given in V. 19, p. 582. Ohio has a very
small State debt, but large local debts, amounting
in 1874 to $21,886,007.
State taxes
mi-Is)
’69;
-‘funding
act”
'68
carry
local
$21,786,829.
amount
7M
$354,849,199; other, $697,408,537; personalty, $528,121,588. Tax rate in 1875, 3 2-10 mills.
Oregon.—The debt is provided for by sinking
funds.
Taxable property in 1872 was valued at
$37,174,169; % mill tax was laid for Relief bonds
and 1 mill for Bounty bonds.
Pennsylvania.—In addition to the loans given lu
the table there is $231,629 of past due debt in var
ous small issues.
The financial system is remar
able in Pennsylvania, in the fact that no ta
appears
in 1873-4 $3,‘-49,570. The actual value of real estate
in 1874 was estimated to be $4,168,1430,757, and total
amount raised by fax, State and local, was $57,811,381.
The local debts of cities in New York State are
$137,539,6 9 ; of counties, $46,685,264, and towns,
$25,140,181.
July, 1881
Jan., 1887
do
do
9 ;
6 95-100
that the assessed value of real estate by
local assessors is $1,750,698,918, while the full value,
as estimated by the State assessors, is $4,168,330,757.
The Comptroller says the actual value should be
adopted as the basis of taxation. The debt decreased
It
do
O. Phila., Farm. A Mecli. B’k.
J.
do
do
J.
do
do
A.
do
do
A.
do
do
A.
do
do
A.
do
do
A.
do
do
A.
do
do
tax, 3% mills.
Year.
Jan., 1876
Y., American Exyli. B’k.
(V. 19, p. 350; V.20, p. 28, 60.)
North Carolina.—North Carolina is more heavily
burthened with debt, in proportion to her taxable
property, than any other State. Numerous plans of
compromi-es writh her cre litors have been suggested,
but none agreed unon. There is a strong sentiment
in the State against recognizing the special tax
bonds at all. A lengthy extract from the Treasurer's
report was given in V. 20, p. 84. Total property was
assessed in 1872 at $123,507,b23, a low valuation. In¬
terest is paid on bonds issu d to North Carolina
Railro d K$’L794,003), as the State holds $3,000,2 0
to
$5,050,367
Valuations in 1874
is
laid
Revenue
;
were:
taxes,
Real estate in cities. Ac.,
for
State purposes
on
real
estate
is raised from numerous sources, prir.
cipally from corporations.
Taxes are levied
on
personal property, which is assessed .
$165,362,443. and the tax was $535,719. Funded deb.
was
diminished in 1874 $1,230,186.
Balance t
Treasury at close of fiscal year, $1,054,551.
The
State holds $1,751,321 in stocks and $9,600,000»?
railroad bonds.
Interest is paid in gold on all th#
State debt issued prior to 1867.
Any coupon bonds
may be changed to registered.
The bonds due in
1877 are payable at any time till 1882; those of 188:
till 1892.
Subscribers will confer a
[April 3, 1875.
SECURITIES.
STATE
Vlll
great favor by giving immediate notice of any error
discovered In these Tables.
INTEREST.
Date of
bonds.
DESCRIPTION.
For
explanations see notes on first page of tables.
Pennsylvania— ( Continued )—
1807
1807
1807
1871
1872
Agricultural College land scrip
Rhode Island—
War bond
do
do
do
outstanding.
$50 Ac.
1802
1803
1803
1804
Stock loan of Feb. 2, (registered)
do
do
(coupon or registered)..
do
do
(registered)
Chambersburg certificates, May 27 (regist’d).
1,000
1,000
500,000
stock, 1st issue
1,000
(508,000
1,000
do
do
do
do
bonds
2d
9d
4 til
5th
do
do
do
do
-
740,000
Conversion bonds and stock
Land commission bonds
Fire loan bonds, sterling
do
stock, domestic
Bonds—Relief State Treasury
Consolidated bonds, or coupon
stock
do
Railroad endorsements
Tennessee—
New funding bonds, act of 1873
Bonds registered, act of 1873
Fundable bonds and coup, not yet
1,000
500, Ac.
500,Ac.
500,Ac.
g.
g.
g.
g.
g.
g.
<> g.
5 g.
201,000
481,944
292,041
(510,000
+-
cc
Harrisburg Treasury,
2
.
do
do
do
do
do
do
do
do¬
do
do
do
do
.
do
do
do
do
1871 to ’80
do
do
do
do
7
0
(5
J.
J.
J.
London.
Columbia.
A J Columbia A Fis.-Agen. N.Y
New York or Columbia,
A J
do
do
A J
0
J.
J.
A J
A J
0
J.
A J N.
0
J.
491,000
257,000
7 g-
1(5,084
At pleasure.
Jan. 1, 1877
Jan. 1, 1888
July 1,1883 to’85
July 1,1887 to’89
July 1,1882 to ’86
Columbia and New York.
Columbia, Treasury.
Columbia and New York.
(
«««
1882
1876
March, 1882
April, 1893
July, 1893
Aug., .1894
do ‘
do
do
do
do
do
Columbia, State Treasury.
A J.
A J.
A J.
A J.
A J.
A J.
A J.
A J.
1877
1882
do
Providence, R. I. H. A.T. Co.
2
Q.-.T.
Q.-J.
g-
1,375,000
1800 A ’71
1870
1,000
1871
1874
—
Funded bonds, coupon
do
registered
do
sterling coupon
Consolidated (Act 1871) coupon,receivable...
do
do
reg., conv.
do
do
(Act 1872) coup., not receivable
do
do
reg.,
do
Deferred certificates (W. Va.)
Interest on sterling debt, funded
Certificates for one-tliird interest
(5,222,000
1(5,289,000
1,050,000
1,074,000
390,000
1,000
1,000
Various
iVo’oo
1802
1802
v.
1,000
Due
purposes and is being steadily diminished.
The
valuation of real and personal property in 1873 was
5,
lO
7 g.
5 A 0
500, Ac.
|
141,000
0
500,Ac.
1(58,000
0
7,502,052
f
(
1,805,000
*700,000
0
6
;■>
V
*
(5
«
5
(5
(5
(5
(5
(5
4(50,250
17,281.100
2,957,915
1,412,000
1,030,784
115,239,370
212,008
A
M. A
M. A
J. A
July 1,1887 to ’97
July 1,1875 to’79
July 1, 1888
July 1, 1888
July 1, 1889
July 1, 1882
July 1, 1868
July 1, 1868
1888
July 1, 1893
July 1, 1893
8,
.1,
,1. A D
J. A D.
J.
J.
J.
J.
J.
.T.
J.
J.
J.
J.
.1.
J.
A
A
A
A
A
A
A
A
A
A
A
A
J.
J.
J,
J.
J.
J.
J.
,T.
,T.
J.
J.
J.
$2,653,592
sions, &c.,
Total vain-'
of taxation, j
291.)
on
$1,789,000
receipts
commis¬
cent
tax
Montpelier, Treasury.
New York.
Richmond, Treasury.
London, Baring B. A Co.
New York.
Richmond, Treasure,
'
do
do
do
do
do
Jan. 1, 1877
1890 to 1910
March 1, 1876
March 1, 1904
1875 to’78
1875 to ’90
1886 to ’95
At pleasure
1886
10 to 34 years
10 to 34 years.
1905
1905
1905
Contingent
luge
London, Baring B. A Co.
1905
$289,000,000, and railroai
length from the Governor’i
given in V. 20, p. 84. Abon
$700,000 of the debt is neld by State funds. Th<
new bonds under act of 1871 have been
nearly al
placed, by W. L. Moody, the financial agent in New
York.
The valuation of taxable property in 187-5
was $241,841,860, .against $207,920,526 in 1872.
Ta?
rate in 1874, 50.
(V. 19, p. 15, 117, 142; V. 20, p. 84.
miscel¬
108,000
Total current
Deduct 15 per
Boston, N. B. Mut. Red’n.
Texas.—An extract at
message on finances was
321,000
and
do
do
Various.
property, $51,000,000.
The rate of taxation is 4'
cents on the $100.
(V. 18, p. 143, 247. 350, 497; V. 19
p. 167; V. 20, p. 14, 84, 161, 282.)
$1,360,000
22, 1873, provided for scaling down the old debt
laneous
Y., Bank of New York,
do
do
July 1, 1914
1875 to 1900
1900
1875 to 1900
Y., Fourth Nat. Bank,
valuation of real estate,
$37,100
State tax of 40 cents
new bonds to the extent of 50 per
declares void the conversion bonds to the amount
of $5,965,000. In accordance with this law $1,987,169 had been funded to October 31, 1874, and the
January interest was paid on those bonds. The
State Treasurer’s report gives the debt as in this
table; omitting, of course, the debt not recognized.
The total debt when funded will amount to
do
1,828,724
poll-tax fund
by Privilege tax
cent, and Clerks of courts
Y., Fourth Nat. Bank,
do
J
S, N.
ESTIMATED RECEIPTS.
approved Dec.
N.
5j4, 0
5
Total requirement for current expenses
and tloating debt
$247,798,580, and tax rate 20 cents on $100.
giving
5 A 0
1,(500,000
537,007
1,000
1851 to ’01 500Ac }
1851 to’01 i Van’s 5
1851
£100 Ac
1 800 to ’07
500 }
180(5 to’07 Vari’s 5
.£100
18(57
1871
100, Ac.
1871
j 100, Ac.
I 100, Ac.
1872
* ! 100, Ac.
1872
1871
j Various
1871
I Various
1871 to’71
Rhode Island.—The debt was all created for war
Floating debt is $2,679,292.
0
o
0
o
o
o
S.
O.
J.
A.
Feb.,
Feb.,
Feb.,
June,
do
do
199,000
1 874
Various.
Various.
Various.
presented.
bonds, coupon
registered
tion of all property, $176,956,502; rate
12 mills.
(V. 19, p. 38: V. 20, p. 84, 241,
do
do
4,707,008
Virginia—
Old bonds, coupon
do
registered
do
sterling
$6,187,441.
§*•
308,000
Various
Various
1873
Funding State debt
Frontier defense, gold
Deficiency bonds, act 1871
Bonds, act Mar., 1874 (for $1,900,000)
University and School bonds
South Carolina.—The funding law
« g.
1,109,550
1,470,300
E. T. University (not to be funded)...
Vermont—
War loan
(5 g.
817,000
1,000
1,000
18(58
1809
1809 to ’70
1838
1838
18(59
1873
Bonds, registeruble, not presented
do
1,000
50,Ac
A
A
A
A
Q.-.T.
J.
J.
J.
J.
J.
J.
J.
J.
3
<* g.
121,051
290,700
215,107
123,175
287,000
884,113
8(57,000
1 80M
:
3 g.
o g’-
38,837
188,885
1800
1854
18(58
Funding bank bills
M.
A.
J.
F.
0
Various
Various
Various
Various
Various
Various
1853 to ’54
Funding bonds and stock
Blue Riuge Railroad bonds
Funding bills receivable
Payment of interest
Held by
Texas—
1794
1830
1857
1858
1859
1801
Pliila., Farm. A Mech. B’k.
A.
A.
A.
A.
do
0
0
0
.South CarolinaState stock
State House
do
do
do
do
do
A
A
A
A
0
1,019,000
205,000
,
whom.
F.
F.
F.
F.
0
5
0
9,271,8501
723,950
due.
payable and by
payable
.>
82,7(59
Where
When
Rate.
$90,400
50 Ac.
50 &c.
-
Principal—when
Amount
Size or
par
value.
204,000
Vermont.—This State has
a very small debt—al
Of the registered bonds
$135,500 are held for Agricultural College.
The
sinking fund, Aug. 1., 1874, was $37,932.
created for
Net receipts
$1,585,000
To be received from taxes of
1874 and previous years.
838,406
war
purposes.
Virginia.—The Funding act of 1871 provided
Total receipts all sources in 1874
2,423,406 tha* coupons of the funded bonds should he receiv
Tennessee.—The finances of Tennessee have been !
able for State taxes. For 2-3 of the old bonds f\
well managed since the war and the debt largely j
Deficit
$230,585 new bond was issued, and for the other
reduced by ihc payments of railroads. On the firs4 |
% a deferred
July, 1874, the payment of interest was resumed, j He says there is great uncertainty about collecting • certificate given (as the proportion due by West
all the taxes due in the year, and also as to the pos¬ Virginia). The act of 1872 amended that of 1871 bv
and the interest due Jan. 1, 1875, was paid by help i
of a loan of $300,000.
A law was then passed for- j sibility of collecting the railroad tax at all, and con- j not allowing coupons to be received for taxes. AO
bidding the borrowing of money on temporary loans 1 eludes that a 60 cent tax would be necessary to meet j the amounts marked (*) may be funded under the
The law j amended act of 1872. Efforts have been made to
for Slate purposes, but this was vetoed by Cue Gov- j the State’s requirements for the year.
ernor.
A few July and January coupons remain ! passed in March, 1873, provided for funding all out¬ avoid the provision allowing coupons of the first
unpaid.
The State Treasurer, Feb. 25, 1875, gave standing, legally issued bonds, due between July 1, ! bonds to be received for taxes, but thus far
1874, and July 1,1*84, as well as all past due coupons, j without success. The highest court of the State
the following estimates for the current year :
|
j
ESTIMATED EXPENSES.
Total interest per annum on
State government expenses
Total expenses
Due fiscal agent Jan.
interest payment
Outstanding warrants
and coupons maturing on or before Jan. 1, 1871, in ‘ has
held
said
provision to be a contract
10-40 year 6 per cent bond.
The sinking fund holds
The total debt given with the bondholders.
above is substantially, according to the last report
$1,430,654 ;
j $2,446,98J of State bonds and certificates. Interest
of the Comptroller, January, 1875. The Comptroller
due January. 1874, was paid in part (2 per cent) in
661,762
estimated debt of solvent railroads at $3,288,896; July, 1874. The July, 1874, and
January, 1875, in¬
from purchasers of railroads then sold, $372,000:
$2,092,416 due
terest was not paid.
Assessed value of property is
value of Knoxville & Charleston road, $100,000. The $329,424,152; tax rate, 5 mills.
The amount of
30\000 j State's endorsements for railroads are $1,802,000, of interest due and unpaid Jan. 1, 1875, was $2,732,230.
224,076 which $1,560,000 is taken care of by the roads. Total (V. 19, p. 295, 502, 526, 582; V. 20, p. 14, 306.)
a
bonds
j
1, 1875, on January
.
j
j
OITY SECURITIES.
April 3, 1875.]
IX
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For explanations see notes on
Date of
Bonds.
first page of tables
Albany, N. Y.—
Albany A Northern Railroad loan
Relief of dnsftedmeu
purchase Congress Hall Block
City improvement
Size
Amount
or
INTEREST.
=
outstanding.
par
Value.
1854
$1,000
1864
1866
1870
When
Rate.
$249,000
46,000
151,000
M.
J.
F.
M.
M.
M.
400,000
1,000,000
6
6
6
7
7
7
6
7
6
1870,1,2,4
City
1871
1851 A ’52
1874
1865
Various.
250 Ac.
1,543,000
7
Various.
1854
100 &c.
100 Ac.
100 &c.
100 Ac.
100 Ac.
100 &c.
100 Ac.
100 Ac.
100 &c.
100 Ac.
100 Ac.
100 Ac.
100 &c.
100 &c.
100 Ac.
100 &c.
100 Ac.
7,212,046
5,000,000
2,211,068
410,353
&
&
&
&
&
A
F. &
F. &
M. &
6
6
6
6
6
6
6
6
6
6
6
5
5
6
6
improvement
:
Water stock
Additional supply
Bonds loaned to Albany A Susquehanna RR..
Augusta* Ga.—
Bonds for various
purposes
348,000
454,000
244,000
500,000
Consolidated loan of 1890
Consolidated bounty loan
Exempt bounty loan
Public parks (Druid Hill)
Park improvement loan
Five million loan to Baltimore & Ohio RR
One million loan to Pittsburgh A Cincin’ti RR
New City Hall
1863
1865
1860
1863
1853
1853
1868
1870
1874
1864
do
do
do
do
Consolidated loan
Court house loan
..
Funding loan
1870
1874
do
Western
Maryland Railroad
1872
Jones’ Falls
1872
1873
1872
Valley Railroad
Patterson Park extension
do
do
do
do
Augusta.
......
....
....
Q.-J. Balto., Farm. A Plan. Bank.
Q.-J. Balto., Farm. A Plan. Bank.
J.
& J. Balto., N. Mechanics’ Bauk.
Bank.
do
do
Q.-J.
do
do
Q.-J.
do
do
Q.-J. Balto., Farm. A Plan.
8.—,T.
Balto., N. Mechanics’Bauk.
Q.-J. Balto., Farm. A Plan. Bank.
J. A J. Baltimore,Register’s Office.
.
J.
6
6
A.
M.
J.
J.
J.
6
Bangor, Me.—
City debt proper
Municipal loan
European & North American Railroad
Bangor A Piscataquis Railroad
1853 to’65
1874
I860
1869
Boston—
Various trust funds
Renewal city debt, due 1854-55
For city purposes, war debt, Ac
do
do
do
Water loans
....
£100
....
....
Renewal of water bonds of 1848
Renewal water loan, 184(5-49,
1870
1872
1861
1865
1868
sterling
City notes (new main) act 1858
Water loan (Chestnut Hill reservoir)
Boston Highlands
BrooklynCity Hall loan
Debt of Williamsburgh loan
do
do
local improvement
Brooklyn local improvement loan
Mount Prospect Square loan
Soldiers’ aid fund loan
National Guard and Volunteer Firemen’s lo
National Guard loan
Third street improvement loan, local
Gowauus canal improvement loan, local...
Bushwick avenue
do
do
do
do
do
South Seventh street do
Union street
do
do
do
Fourth avenue
do
do
do
do
do
do
do
...
...
|
1865
1
1866
1867
1862
1867
1867
1867
...
...
Wallabout Bay
do
do
Bedford avenue
Kent avenue basin
do
dc
do
1,000
£100 Ac
1849 to’50
1855
1859 to’61
1861
!
1857
1865
1864
1865
1867
1866
...
dc
local
1869
1870
1860AO ’73
do
1860 toV72
1872
1857 to ’73
1872
Deficiency bonds
Permanent water loan
do
do
Sewerage bonds, continuous, local.
are
3,893,415
1,327,349
1,403,000
....
Brighton debt
Roxbury debt
Albany.—There
152,500
....
West
do
522,900
....
1870
!
The loan to Albany &
Susquehanna is secured by first mortgage on road
from Albany to Binghamton. The assessed valua¬
tion of
property in 1374 by State authorities was:
Real estate, $ 43, !(i 1.213; personal, $6,508,101: total,
149,669,304. Estimated true value of real estate,
$102,764,770.
Baltimoi'e.—The fiscal year of
with Oct. 31. The city credit has
Baltimore ends
.
.
5
6
6
5
626,190
520,000
688,000
1,949,711
394,000
5, 5*2, 6
5*2, 6, 7
-5 g.
5, 6 & 7
5 & 6
6, 6i2, 7
6, 6I2, 7
2,376,000
'
•
700,000
....
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
35,000
150,000
138,000
213,000
90,000
552,000
27,000
32,000
5 g.
5 g.
5 g.
6
6
6
6
6
7
6
7
7
6
302,000
306,000
266,000
318,000
326,000
200,000
280,000
635,000
278,000
427,000
3,000,000
8,016,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
6
319,000
1,000
1,000
6
7
1,217,000
1,000
7
6
10,570,000
50,000
1,748,500
4,714,500
1,000
i
sinking funds for municipal
bonds and for water stock.
1,000
.
412g.
16,305,675
1,756,000
£1,000,000
....
1,000
7
7
7
6
7
7
7
7
7
7
7
7
7
Various
Various
Various
Various
Various
A. A O.
Various
Various
Various
Various
Various
Various
Various
Various
Various
loan is $1,649,053; West
Maryland Railroad sinking
fund, $140 607; and the total of the several other
sinking funds, $5,936,566. The Balt. A Ohio RR.
pays interest on $5,000,000 loan; Water loan is paid
by income of water-works, and Public Park by City
Passenger Railway, and out of a total debt of
$32,095,725 only $7,535,304 is dependent on the tax
levy. The assessed value of property in 1873 was
$224,728,138; and tax rate $1 63 on the $100 for city
purposes, and .17 for State. Population in 1870 was
267,354, against 212,418 in 1860.
Bangor, Me.—The valuation of real and personal
property is $10,064,530; rate of taxation, 2.90 per
cent.
The loans to European & North American
Railroad and to Bangor & Piscataquis Railroad are
secured by first mortgages on those roads.
Boston.— The population of Boston in 1870 was
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
&
&
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
The sinking
fund provisions are sufficient to meet the debt as it
matures.
The 5 per cent loan in April, 1873, sold in
London at 91)£, gold. In March, 1875, Mr. Turner,
city auditor, gave his estimates for the revenue lequired for the coming financial year 1875-76, com¬
292,497, against 177,840 in 1860.
Valuation of real
property in 1874, including the recent annexations,
was
$554,321,100, and personal, $244,497,059;
congratulation that in meeting the actual wants
of the municipality and avoiding the borrowing of
money for other than for the additional supply of
water, extension of the water works, and extensive
and costly street improvements, the tax per each
thousand dollars will be largely reduced from last
year.
The following is a comparison of the appro¬
priations asked for and income to be received, com¬
pared with the estimates for 1874-51875-6.
$13,645,143
2,864,425
2,728,850
$9,324,380
Income
1874-5.
$12,183,805
$10,916,293
327,4-59
Per centage.
279,731
•
$9,604,111
$11,243,782
Placing the tax to be paid to the State at the same
as last year, the estimated tax warrants exhibit the
following result:
1875.
upon
which the rate of taxation is $15 60 per $1,000 for
State, city and county purposes. The n°t increase
of debt in 1873-74 was $9,805,511, of which about
$3,600,000 came from the annexation of Charles¬
of
Appropriations
1874
$9,604,111 00
State
5
$11,243,782 00
802,120 00
City and County
July 1,1884
April 15, 1900
March 7,1902
1885
At will.
July 1,1900
Feb. 1,1894
802,120 00
$10,406,231 00
$12,045,902 00
1875 to ’94
Jan. 1,1894
1894
1899
do
do
do
do
On demand.
1878 to ’79
1875 to ’87
1875 to ’93
1875 to 1904
London, Baring Brothers.
April, 1893
~
Boston.
do
London, Baring Brothers.
Boston.
do
do
do
do
London, Baring Brothers.
Various
Various
1875,
been loaned ex¬ mencing May 1, basedand terminating April 30, 1876.
on an
This estimate is
tensively to railroads, in exchange for their securi¬ economy in all departments. assumption of strictest
He says: It is a source
ties, which it holds to a large nominal amount. The
sinking%ind for Balt. & Ohio Railroad $5,000,0 0
Boston.
Various
town, West Roxbury and Brighton. The total debt,
boih funded and unfunded, at the close of the last
fiscal year, April 30, 1874, was $43,137,436, and the
sinking funds then held. $15,417,572.
1,1890
1, 1875
1, 1893
1,1893
1,1890
Jan. 1,1895
Jan. 1,1890
Jan. 1,1886
July
May
Sept.
Sept.
Sept.
& J. Balto., N. Mechanics’ Bank.
Jan. 1, 1902
do
do
April 9,1900
& O. Baltimore,Register’s Office.
Oct. 31, 1886
A S.
do
do
March 8, 1892
A J. Balto., North. Central RR.
Jan. 1,1877
A J. Balto., N. Mechanics’ Bank. Jan. 1, ’90 <fc 1900
A J. Baltimore, Franklin Bank.
Jan. 1,1895
Various Boston, Merchants’ N. B’k.
J. & J.
Boston or Bangor.
J. & J. Boston, N. B’k Redemption
A. & O.
do
do
6
336,759
583,205
4,765,903
....
....
sterling.
6
6
6
6 & 7
256,000
100,000
1,000,000
722,000
1,000
1,000
1,000
1852 to’68
1853
1852 to ’64
1864 to ’74
1865 to ’73
1873
Sterling loan (street improvem’t in burnt dist.)
Roxbury debt assumed
Dorchester debt assumed
Consolidated street improvem’t loan,
Charlestown debt
do
Mystic water debt
100 &e.
Nov.,'1895
Q.-F.
6
6
6
200,000
May, 1879
June, 1880 to’84
Feb., 1885 to ’94
March, ’95 to 1900
Nov., 1910,11,’12
March, 1876 to’9^
Feb., 1876 to ’81
1876 to ’89
M. & N. Balto., N. Mechanics’ Bank.
M. & S.
do
do
M. & S.
do
do
do
do
Q.—M.
do
do
Q —J.
6
1,000,000
371,000
500,000
1,375,000
117,000
....
Western Maryland RR
Union Railroad
5,000,000
1,000,000
1,000,000
1,000,000
292,000
891,646
137,414
800,000
1,740,000
1,015,300
....
100 Ac.
Endorsements for York A Cumberland RR...
555,566
185,723
Due.
N. N.Y., Duncan, Sherm’n & Co
D.
do
do
A. Boston, Merchants’ Bank.
S. N. Y., Duncan. Sherm’u A Co
N.
do
do
S.
do
do
A.
do
do
A.
do
do
N.
do
do
Baltimore—
Water loan
Principal—When
Payable and by
Whom.
Various
Washington Park
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
,
Where
Pay’ble
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
Boston.
do
do
Brooklyn.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
(lo
do
do
do
do
do
1875 to ’85
1875 to’82
1899 to 1900
1875 to ’94
1875 to ’94
1875 to’84
1875 to’92
1900 to 1901
1902
1878 to ’79
1875 to 1901
1879, 80, ’98, ’99
]
•
M
r-H
O
o
u
X
3
M
d
C3
i
+2
'd
Pi
1875 to ’76
1875
1879 to ’81
1891
1887
1885 to ’94
1880 to ’81
1875
1881
1875 to’90
1875 to ’90
1875 to ’90
1877 to ’86
1866 to ’95
1875 to '95
1868 to ’90
1877
1879
1901 to ’24
1915 to ’24
1915 to ’24
O
P<
1881 to 1902
o
u
3 years
3 years
from date.
from date.
During the last forty years, with a single excep¬
tion, the taxable valuation has shown an annual
increase. Taking the valuation of 1874, $798,755,050,
and, assuming that the valuation of 1875 can be safely
placed at say $800,000,000, the rate of taxation will be
less than $14 per $l,0u0, a material reduction from
the rate ($15 60 per $1,000) levied last year, and about
the average rate for the last eleven years—$13 88.”
The Mayor’s message on finances will be found in
V. 18, p. 65.
Brooklyn.—The comptroller’s report is not issued
one year after the period to which it
relates, and is therefore of little use for practical
purposes.
The Mayor, in his message, January,
1875, stated that the debt chargeable on taxation
increased in 1874 only $525,115, against $2,426,516 in
1873, $1,591,411 in 1872, and $3,590,531 in 1871. The
total debt is stated at $35,048,621, of which $11,685,365 is chargeable on assessments for local improve¬
ments, and $10,620,000 is chargeable on water rents,
Amount of sinking fund to be used for the redemp¬
tion of this debt is $3,028,278. The Mayor recom¬
mends that no more be expended
on public
works except the Brooklyn bridge, which will
require about $750,000 per year.
Population in
1870, 396,200, against 266,661 in 1860.
Valuation
till about
of property in King’s County in 1874, by the
State Board of Equalization, $179,085,870 leaving
$12,793,256 as a charge on general taxation
for real estate, and personal, $18,975,980; they esti¬
mated the true value of real estate to be $426,898,740.
The Board of Supervisors valued the total taxable
property of Brooklyn in 1873 at $216,078,170, and of
Kings Connty at $227,699,048. The debt of Kings
Connty, separate from the debt of Brooklyn, is
$3,654,712. Average tax rate in 1874, $8 53 per $100,
against $8 46 in 1873. (V. 19, p. 142,652.)
all
SECURITIES.
CITY
Subscribers will confer
a
[April 3, 1875.
immediate notice of any error discovered in tliese Tablos
great favor by giving
<
For explanations see
notes
on
Size
Date of
bonds.
DESCRIPTION.
.
1870
1872
1873
1872 to ’73
Cent ral and Knickerbocker avenue bonds
South Brooklyn
do
do
Boulevard bonds
Temporary tax certificates
Charleston, S. C.—
City stock
City bonds, coupon
$1,000
I’ooo
2,009,000
Sewerage bonds
1,000
1,000
improvement bonds
Municipal bonds
Municipal and School bonds
234,000
Floating debt, bonds, coupons
Cleveland—
Water works
Funded debt
Lake View Park
Canal
Viaduct
School
House of Correction
—.
Main sewers
Street improvements
Street openings, Ac
-
1803 to ’72
1870 to ’72
1808
1850
1 844
1850
1851
1842 to’51
1854
1872
1815
1835
1 855
1834
1800
1800
1858
1808
1808
1808
1808
1800 to ’01
1855
1800
1847
1849
1850
1847 to ’48
1847 to’48
1807
1808
1853
1853
1853
1858
1808
1809
1809
1809
1871
1871
1871
1874
1874
500 Ac.
7
7
6 A 7
7
3,081,500
1,000
097,000
1,000
1,000
25,000
150,000
91,000
90,000
134,000
94,000
550,000
110,000
200,000
25,000
43,000
210,000
40,000
11,000
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
14.000
31,000
do
do
100,000
199.500
98,000
1,000
6
6
6
6
6
100,000
1,000
7 3-10
99,000
195,000
1,000
1,000
6
6
6
17,000
1,000
Ac.
Ac.
Ac.
Ac.
500
500
500
500
140.500
27,000
1,000
1,000
500,000
250,000
00,000
75,000
1,000
1,000
1,000
1,000
100,000
100,000
70,000
1,000
1,000
150,000
50,000
100,000
1,000
1,000
1.000
1,000
1
Gas Co. stock
Funding bonds, coupon
Bonds for various purposes
Funding floating debt
Detroit, Mich.—
Bonds for various City purposes
Bonds for Water Work Co., guar, by city
7 3-10
1,525,000
1,822,000
315,000
6 A 7
6 A 7
7
7
7
6 A 7
150,000
268,000
429,000
200,000
600,000
683,400
1.000
1,000
1,000
05,000
264,000
10,000
166,300
27.500
100 Ac.
500 Ac.
500
7
7
7 3-10
7
J. A J.
J. A D.
F. A A.
J. A 1).
J. A J.
J. A J.
J. A J.
J. A D.
,T. A J.
M. A N.
M. A N.
M. A N.
M. A N.
M. A S.
A. A O.
M. A S.
J. A D.
F. A A.
J. A J).
J. A J.
J. A ,T.
M. A N.
M. A N.
A. A O.
A. A O.
A. A O.
M. A N.
M. A N.
J. A D.
M. A N.
J. A J.
J. A I).
A. A <>.
M. A S.
A. A O.
M. A S.
M. A S.
A. A O.
M. A S.
F. A A.
J. A D.
J. A J.
M. A N.
M. A’N.
Chicago.—The total funded debt at the close of
April 1, 1874, was $13,478,000.
Floating debt, $2,943,739. Assessed value of real
property, 1873, $262,909,820; personal, $19,103,175—
total, $312,072,995. Tax rate, 18 mills. The Illinois
State valuation is $224,118,620, and the city debt is
limited to 5 p. c. of that.
The comptroller says:
Owing to the wise provision in the Constitution of
....
—
A J.
Various
.1. A J.
A. A O.
J. A J.
M. A S.
J.
7
7
7
/
7
7
7
7
“
the State our funded debt cannot be increased above
the present amount for some years to come.
Of our
$13,473,000 of funded debt $4,581,000 is on account of
the Water Works, which last yeur yielded an income
of $730,144 21, and from *lie rapid extension of the
mains and increase of population, will yield much
more
largely in future.
Practically, therefore, the
funded debt is $8,897,000, being the
remainder after deducting the water debt.
From
other sources the following is compiled:
amount of our
Assessed Value.
Real Estate. Per. Estate.
/
Year.
1862.
1872
31,311,949
31,587,545
35.143,252
37,143.023
44,064,499
66,495,116
140,857,040
174,50.5,410
211,3 1,240
223,643,600
236,898,650
$5,855,377
5,037,331
5,552,300
7,479.572
11.584,759
20.644,678
19,447.941
51,392,604
53,939,469
54,653,640
52,342,950
52,847,820
239,154,890
45,042,540
$31,198,135
I860
1861
1863
1864
18o5
1866
186?
1868
1869
1870
1871
,
.
..
..
Tax
Rate.
$11
14
15
20
20
20
20
13
14
15
15
10
00
00
00
CO
00
00
00
00
00
00
00
00
15 00
of
1870 population
was $218,900, against 161,044 in 1860.
Tax rate for
1874, $23 38 per $1,000. Under the laws of Ohio real
estate has been valued for
purposes of taxation once
in ten years.
The following table from the books
of the Auditor of Hamilton County, Ohio, exhibits
census
the assessed valuation of
since the year 1860:
the
Year.
I860..
18.1..
1862..
1863..
1864..
1865..
1866..
1867..
1868..
1869..
Personal
estate.
estate.
$61,620,904
$31,411,812
60,657,365
63,503,296
64,441,532
65,585,774
30,313.411
29,707,861
67,610,6! l
66.454,662
68,569,040
69,799,604
72.238,841
1870..
78,730,482
1871.. 123.427,888
1872.. 119,621,856
1873.. 121,479,2:0
1874..
35,932,561
47,809.574
63,135,382
67, --'18,101
68,412.285
61,5*3,925
58,471,666
57.370,754
50,934,044
Total
valuation.
per
$1,000.
$93,032,716
92,970,776
93,211,157
100.374,093
113,395,348
130,745,993
133,672,763
136,981,325
13 ,383,529
130,715,5:0
136,107,236
180.301,932
$17
19
17
18
20
22
21
27
28
31
31
22
45
20
66
20
20
90
60
40
00
90
60
20
10
06
20
175,084,291
23
185,645,740
64,166,460
23 38
181,950,074
The debt of Cincinnati, exclusive of the new loan for
the Cincinnati Southern RR., is very small, being less
than $5,500,000. The amount authorized to be issued
55,462,410
for the Cin. S. Railroad is
sold
as
rapidly
as
$10,000,000, which will be
the work calls for
money.
The
*
July,
Dec.,
Aug.,
Dec.,
Jan.,
1876
1880
1878
1880
1881
Jail., 1881
Exchange Bank.
do
do
do
do
do
do
do
do
Jan., 1882
June, 1884
July 1, 1902
Philadelphia, Bk. N’rth Am.
Nov., 1885
Nov., 1885
Nov., 1885
Nov., 1885
March, 1886
Oct., 1886
March, 1888
June, 1888
Aug., 1888
June, 1889
July, 1888
Jan., 1890
Nov., 1890
Nov., 1890
April 1, 1895
April 1, 1895
April 1, 1895
March, 1897
Philadelphia, Bk. N’rth Am.
do
do
N. Y., Am. Exeh. Nat. Bk.
do
do
do
do
do
do
do
do
Cincinnati.
N. Y., Am. Exeh. Nat. Bk.
do
do
do
do
do
do
do
do
<io
do
do
do
do
do
do
do
March, 1897
June, 1897
Nov., 1897
Jan., 1900
June, 1900
Oct., 1900
March, 1908
Oct. 1, 1884
Sept., 1899
Sept., 1899
Oct., 1899
March 1, 1886
Aug. 15, 1886
Dee. 1, 1891
1902
May 15, 1904
1878 to ’93
1875 to ’94
1887 to ’92
1894
1893 to ’94
1875 to’88
1878 to ’84
1875 to’88
1875 to ’84
1875 to’80
do
do
do
do
do
do
do
do
do
do
1876 to *81
1880 to’95
1878
1875 to’89
1887 to’89
1881 to’85
R. R. Bank.
New York.
Columbus Citv Treasurv.
New York and Columbus.
Columbus.
New York.
Savannah,C
.
Y\, Metropolitan N. Bk.
do
^
city will be the sole
do
owner
1875 to *89
1875 to 1904
of the stock of the
road, and thus not fall within the letter of the
rail¬
law
,which forbids municipal corporations issu¬
ing bonds to aid in building railroads, Ac. (V. 18,
p. 454, 526; V. 20, p. 14.)
of Ohio.
Cleveland.—The total valuation of property for
taxation is $73,210,144 and tax rate 18 8-10 mills, of
which 4% mills are levied for interest on the debt.
the present basis of valuation and total debt
($7,261,000), the auditor furnishes the following
estimate of amount of bonds falling due and the
taxation required to pay them in the next
years:
On
city of Cincinnati
Rate tax
Real
1875 to ’82
1882 to ’95
1880
1880 to ’95
1890 to ’95
1875 to ’76
1881 to ’99
1874 to ’79
1873 to ’89
1890 to ’92
N. Y., Am. Exehange Bank
do
do
do
do
Cincinnati.
do
do
N. Y., Am. Exehange Bank.
do
do
do
do
do
do
do
do
do
do
Cincinnati.
N. Y., Am. Exchange Bank
do
do
do
do
Variousj
The So. Park and W. Chicago Park loans
city, but of distinct corpora¬
Cincinnati.—By the
City.
do
do
do
do
do
do
do
Various N.
tions.
the last fiscal year,
N. Y., Am.
do
A J.
Various
Various
Various
not debts of the
are
do
Now York
J.
Population in 1870 was 336,605, and in October, 1874,
395,226, against 109,260 in I860. Cook Co. debt is all
7 per cent, and interest is all payable in J. & J., or in
reduce the total debt to $4,972,(56.8.
1875 to ’98
1883 to ’84
1890
Charleston.
.
6 A 7
125,400
1,101,000
Bank,r '
Brooklyn.
f
Various N. Y., Am. Exeh. Nat. B’k.
do
do
do
do
do
do
do
dor
i
50,000
1855 to ’59
1855 to ’74
Charleston, S. C.—The bonds of Charleston are
mostly held within the State of South Carolina.
The total assessed value of property in 1853 was
$•27,978,991; rate of tax. 2 per cent. Sinking funds
7 3-10
7 3-10
6 •
6
6
6
7
7 3-10
7 3-10
7 3-10
136,000
150,000
600,000
3,000,000
500,000
1,000
1,000
1,000
1,000
1854 to ’73
1854 to ’74
1872 to ’74
1874
1873 to ’74
1804 to’71
1808
1800 to’74
1850 to’00
1800 to’72
1853
1800
1807 to’09
1871
6
6
6
6
6
7
5
5
6
5
6
6
6
7 3-10
7 3-10
7 3-10
1,268,600
Subscriptions to various railroad stocks......
6
7 3-10
6
250,000
150,000
150,000
*
Columbus, Ga.—
7
6
2,000,000
,
N. Y., Duucan, S. A Co.
J. A J.
do
do
J. A J.
J. A J. N. Y., Am. Ex. Nat. Bank.
do
do
J. A J.
do
do
J. A J.
N. Y., Dunean, S. A Co.
J. A J.
do
do
.1. A J.
J. A J. N. Y., Am. Ex. Nat Bank.
Various N. Y., Metropolitan Bank.
6
7
6
7
3,471,000
500 Ac.
South Park loan (not a city debt)
Cook County debt
West Chicago Park (not a city debt)
Cincinnati—
Bounties to Volunteers
T
To build Eggleston avenue sewer
B2
Loan to Cincinnati A Hillsdale Railroad.... F
Loan to Little Miami Railroad
..A
Loan to Eaton & Hamilton Railroad
G
Loan to Covington & Lexington Railroad.. .II
Loan to Ohio A Mississippi Railroad
I
Loan to Marietta A Cincinnati Railroad
INI
Cincinnati Southern Railroad
Common School purposes, reg
A
Bonds to fund floating debt
Bonds to O.A M. RR. to purchase whf. prop.N
Bonds for Common School purposes
Bonds to purchase real estate for Workh’se.Y
Bonds to build Workhouse
Y2
Bonds to purchase Orp’n Asyl. grds. for park.O
Bonds for erection of a Workhouse
Bonds for Water Works
.('Bonds for Water Works
Cfi
Bonds for Common School purposes
1’2
Bonds for Common School purposes
P
Bonds to O. & M. RIt. to purchase whf. prop..N
Bonds to pur. Episcopal bury’ggds. for park.O
Bonds for extension and improve. Water W.C
do
I)
do
do
do
E
Bonds for funding floating debt
A2
A
Bonds loaned to Whitewater Canal
Ronds for new Hospital
S
Bonds for new Hospital
82
Bonds for funding floating debt.
L
Bonds for extension and improve. Water W. K
do
do
F
Bonds to purchase Orp’n Asyl. grds. for park.O
Bonds for Workhouse
Y3
Bonds for sewerage
R
Bonds for improving Gilbert avenue
U
Bonds to build Eggleston avenue sewer
B3
Bonds for improvement bonds
.W
Bonds for Water Work purposes.
04
General improvement
W2
Cincinnati Southern RR. (for #10,000,000)...
7
1,010,000
3,505,000
87,000
2,550,000
2,021,000
500 Ac,
do
River
do
Various
J. A J.
at Nassau
do
do
Q.-J.
51.500
223,000
1880
1874 to ’76
1875
1874 to '76
Coup’s paid r
Brooklyn.
—
.
5,240,314
500,Ac.
1,000
1,000
A J.
A J.
A J.
J.
J.
J.
6
178,000
842,000
due.
w! 10m.
payable
7
7
7
7
$018,000
1853 to ’54
1800
Fire loan bonds, coupon
Ch icago—
Water loan
do
Principal—when
Where pa:fable and by
When
Rate.
value.
tirst page of tables.
Brooklyn—(Continued)—
outstanding.
par
INTEREST.
Amount
or
Mills
required.
1875
1876
.
.
1877
1873
1879
1880
1:81
1882
1883
1884
1885
.
.
.
.
.
.
.
.
.
.
1 7-16
1 7-9
1 885-1000
2
6
2
2
1
5
1
1
4-9
217-400
6-25
73-100
73-200
47-50
73-200
141-400
Amount of
tax.
$105,239 37
b’d9
fall’g due.
Am’t
$105,000
130,000
138,000
179,000
'*130,150 00
138,000 85
178,957 77
478.976 42
479,000
163,990 40
199,863 30
99,931 65
164,000
200,000
100,000
435,000
100,000
99,000
434,867
0
99,931 65
99,016 52
and
Bonds
Columbus, Ga.— The total debt is $582,500,
the annual interest required about $40,000.
are all
coupon, and were issued in small amounts
as wanted ; 25,000 fall due each year.
City
some stocks and other property,
valuation
holds
of real
estate, 1875, $3,923,575.
Detroit, Mich.—The population in 1870 was
79.601;
of
in 1874, by State census, 101,083.
The value
waterworks is $1,589,688, against a debt of $1,100,000.
Taxation in 1874 was $979,007, on an actual
$91,433,235.
value of
•
1
CIT¥ SECURITIES.
April ?, 1875.]
XI
Subscribers will confer a great flavor by giving: immediate notice of any error discovered in tliese Tables*
DESCRIPTION.
For
Date- of
Bonds.
1859 to’71
1872 to’74
Public Building stock (City Hall) bonds
Public sewer bonds
Indianapolis—
Bonds to railroads
series A
do
B
do
C
Parcliase-money bonds—Sellar’s farm
do
:
Southern Park
School bonds—By Board of School.Coinm’rs.
Jersey City—
Water loan bonds, mostly coupon
do
do
.
do
Improvement bonds
outstanding.
Rate.
Improvement bonds
do
Morgan street dock
City bonds, coupon
Funded debt bonds
do
bounty loan
Improvement certificates (5
year
law)
....
$500
1,000
1,000
1,000
1,000
1852 to’67
1869 to ’73
1870
1,000
1,000
1,000
Various.
1869
1869
1869
Various.
Hudson City bonds
Bergen school loan bonds
do
sewerage bonds
do
improvement bonds
$684,000
1869 to ’70
1873
1874
3 874
1873
1874
1873
1872
1871
1872 to ’74
1870
Various.
1872 to’73
Reconstruction bonds
do
INTEREST.
Amount
When
Where
Payable
Principal—When
Due.
Payable and by
Whom.
1
Detroit—( Continued)—
do
or
par
Value.
explanations see notes on first page of tables
Loan bonds,
do
do
Size
....
500
1,000
1,000
500 Ae.
1,000
1,000
1,000
1,000
Various
1,000Ac
1,000Ac
1,000Ac
Various
....
7
7
272,500
6
73
145,000
300,000
300,000
300,000
73
7‘3
8
73
8
21.000
109,500
100,000
6
7
1,418,000
3,109,S00
900,000
500,000
1,866,000
re
4
7
r*
/
r*
3,449,000
125,000*
4
r*
4
6 A 7
7
7
7
7
7
7
922,000
1,122,000
171,250
150,000
400,000
50,000
103,000
1,246,652
Various N. Y.,
F. A A.
Jan.
A
A
A
A
A
A. A
do
City Treasury.
J.
J.
J.
O.
J.
J.
J.
J.
A.
J.
Metropolitan N. Bk.
do
N. Y., Winslow, L. A Co.
do
do
do
do
do
do
do
do
do
do
O.
J. A J. N. Y\, Merck. Ex.
Various
do
J. A J.
do
M. A N.
do
M. A N.
do
Various
do
J. A J.
do
Various
do
J. A J.
do
Various
do
J. A J.
do
J. A J.
do
J. A J.
do
Various
do
....
N. Bank.
do
do
do
do
do
do
do
do
do
do
do
do
do
3 879 to ’91
1892 to’94
Jan. 1,1889, to ’90
July
July
July
April
Jan.
Oct.
1, 1893
1, 1894
1,
1,
1,
1,
1894
1893
1895)
1878
Jan., 1877 to’95
1899 to 1913
1870
1897
May, 1891
1892 to ’94
June 8, 1900
Various.
1890 A 1913
Various.
Jan., ’98 to 1900
July, 1889
July 1, 1879
Various.
....
Louisville, Ky.—
1852
1854
1857 to ’67
1873
1865
1866 to ’67
1873
1871 to ’73
1853 to ’70
1868
1871
1868 A ’73
For Jeffersonville Railroad stock
Subscription to stock of L. & N. RIl
Water works
do
Bounty fund
For improvement of streets
Re-constructing street
Public buildings and institutions
Public school and school houses
Sewer bonds
do
Elizabeth A P. Railroad
Wharf property
Jail bonds
For old liabilities
do
’54,’62,3,8
do
Louisville, New Albany A St. L. Air Line HR.
Change of gauge, Louisv.t Cin. A Lex. RR
Road bed
do
—
do
City bonds payable by railroads
Lynchburg, Ya
1,356,000
76,000
17,000
201,500
600,000
650,000
278,000
81,000
425,000
1,000
1,000
1,000
136,000
102,000
533,000
500,000
107,000
350,000
1,508,000
1,000
1,000
1,000
1,000
1,000
1.000
Memphis, l'enn.—
School and paving
Post bonds
....
Funding loan, gold
Memphis A Little Rock RR
A J.
A J.
6
6
A
6
.
6
7
7
re
4
7
341,000
300,000
7
392,849
242,000
429,000
1,171,000
5
7
7
7
J. A D. Milw. and N. Y., A. Goettel.
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
7
5
8
8
8
8
500 Ac.
1,000
1,000
1866
1866
1859
1870
1870
1871
1871
100 Ac.
100 Ac.
495,100
184,200
1,000
1,000
1,000
750.000
10,000
April, 1883
1887, ’89, 90
March 1, 1883
1875 A ’85
1890 to ’97
July 1, 1903
1891, ’92 A 1903
1870 to’89
July, 1898
June, 15)01
1888 & 1903
1883,’84,’88 & ’92
Oct. 1, 1898
1889
1875,’80, ’94,1901
Sept., 1891
Feb. 1, 1880
July 1, 1901 to ’3
1881 to’93
cio
6
2,499,000
April, 1882
Lynchburg.
186,588
1867, ’8, ’9 500 Ac.
1870
1,000
1857
1,000
1861
1K7I
1872
1872
1873
Re-adjustment bonds
General city bonds
Water bonds, coupon
do
registered
Scrip to settle old railroad loans
J.
J.
4
7
6
*
J.
J.
M.
J.
899,000
1867 to’68
bonds
6
8
6
6
389,000
111,817
6
A. A O. N. Y., Mercantile N. Bank.
A. A O.
do
°
do
Various
N. Y., Bank of America.
Various
do
do
Various
Louisville.
Various
do
J. A J.
N. Y., Bank of America.
Various
do
do
Various
Louisville.
J. A J. Louisville, City Treasurer.
J. A D.
N. Y., Bank of America.
Various
do
do
Various Louisville and New York.
A. A ().
do
do
J. A D.
do
do
Various
do
do
M. A S.
N. Y., Bank of America.
F. A A.
do
do
J. A J.
do
do
Various New York and Louisville.
7
1,998,000
809,692
....
6
6
6
7
6
6
7
151,000
409,000
—
Bonds for various purposes
Bonds, 8 per cent
Endorsement
Milwaukee—
3 868
1869
1870 to’74
1871
1871
1871 to’73
1851 to ’63
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
J.
J.
A X.
A J.
Memphis.
Myers A Co.
N. Y., P. M.
do
A
do
1873 to 1902
1873 to 1900
Nov., 1900
July, 1872
Charleston, S. C.
....
Junejl, 1891
Jan. ,1, 1901
Jan. Pi, 15)02
Jan. '.1, 15)02
1875 to’79
Mobile—
City debt A, B, C (payable annually till 181)1)
City debt D, E, F (payable annually till 188(5)
Bonds to Mobile A Great Northern Railroad..
Bonds to Mobile A Al. Grand Trunk RR
Wharf bonds
City funded debt
To Mobile A Northwestern Railroad
Newark—
500 Ac.
....
330,000
349,000
364,500
300,000
1,000
Bonds, various city purposes
bonds, Routing debt, Arc
War
....
■
Public school bonds
Clinton Hill bonds
Sewer and improvement bonds
396,000
1,000
1.000
1,890,000
1,000
Aqueduct Board bonds
....
1,000
1,000
500,000
380,000
2,500,000
2,630,000
8
8
J.
J.
J.
J.
M.
J.
J.
A
A
A
A
A
A
A
J.
Mobile, Bank of Mobile.
J.
do
do
do
J.
do
J. N. Y., Merchant s’ N. Bank.
N.
Mobile, City Treasury.
do
J.
do
J. N. Y., Merchants’ N. Bank.
6 A 7
6 A 7
7
7
7
7
Various
Various
A. A O.
J. A J.
M. A S.
6
6
6
J. A J.
M. A N.
Various
J. A J.
A. A O.
M. A N.
M. A S.
Newark, City Treasury.
do
do
do
do
do
do
do
do
....
1891
1880
1885
July, 1899
Nov., 1895
Till 1901
1901
1875 to ’93
1878 to ’91
April, 1888, to’ 91
July 1, 1875
1879 to ’93
1870 A 1992
New Orleans—
Consolidated
debt) $050,000 applied yearly 1
do
do
do
do
Railroad debt
do
do
do
>
to interest and
)
pal
priuci- >
)
1852
1852
1852
1,000
1,000
1,000
1.000
1.000
....
....
1.000
1,000
4,021,000
220,000
203,000
345,000
75,000
2.819.000
250,000
6
6
(5
6
Jersey City—The total bonded debt of the city, 120,000. Assessed value of property, about $79,stated at $13,5)34,385, as follows: 000.000. Real value, $100,000,0 <\ Rate of taxation
General, $3,265,5)75; assessment debt, $5,286,500; for all city purposes in 1874 was—Eastern district,
water debt, $4,5311,300.
The sinking fund was $2 27 on $100; Western District, $2 32; State tax,
$422,000. Assets in overdue taxes, waterworks and 45c. The following figures give the assessed proper¬
public buildings about $12,223,661. Assessed valua¬ ty valuation for the past six years. For 1868, $59,tion, including railroad property, is $88,45)6,885. on 425,974; for 1869, $63,284,091; for 1870, $70,806,712;
which the tax rate is $2 70 per $100 on $68,496,855, for 1871, $7G,845,995; for 1872, $77,156,642; for 1873,
and 1 per cent on railroad property assessed at $77,225,372. In 1868 the taxation per $100 was $1 98;
$1',000,000.
Population in 1870, 110,000. It has in 1873 it was $2 55 for the Eastern District and
been difficult to get satisfactory information as to $2 47 for the Western District.
the finances of Jersey City, or any printed reports.
Memphis, Term.—The city has been in default for
(V.18, pf*190.) interest since'* Jari. 1, 1873, and the amount overdue
Indianapolis.—The assessment of taxable prop¬ Jan. 1,1875, was $471,665. In 1874 the policy avus
erty in 1874 was $67,301,546; taxes for that year, adopted of receiving proposals for the sale of past due
$510,026, or a levy of $1 35 per $100. The School coupons, so far as the funds in hand permitted. The
Board is a distinct organization from the city,
City Council declared the funding and paving bonds
created by a separate
act of the Legislature; levies issuefl by Mayors Leftwich and Lofland 1867-8-9 to
its own tax, wnich is collected by the City Treas¬ have been
issued illegally, but allowed the coupons
urer.
The city warrants are discounted when sold. to be
received, pro rata, according to the amount
The floating debt of this character, Jan. 1, 1875, was realized
by the city for the bond*. A meeting of
$200,000, payable during this year.
bondholders was held in December, 1874, in New
Louisville.—The funded debt, Jan. 1, 1874, was York, but without results of importance. Assessed
valuation,
$8,253,5 0; issued during the year 1874, $500,000; ulation in $32,000,000. Tax rate, $2 per $100. Pop¬
1870, 40,230. (V. 18, p. 526; v. 19, p.
retired by the sinking funds, in all $240,500; total
bonds, Jan. 1, 1875, $8,504,000: railroad loans, 189; page IV of advertisements, Sept. 12; v. 19,
$1,508,000; floating debt, $405,969; total debt of city, p. 637.)
$10,417,969. Of the $8,504,000 there is payable out
Milwaukee.—The city cannot.issue debt beyond 5
of the sinking fund $3,981,000;
payable by special per cent of its average assessed value for five years,
tax, $4,523,000.
Assets of the sinking fund are which is $43,545,000, and for the year 1874 $51,324,$3 ,180,625. The revenue of the sinking fund in 1874 887, be
$16,167,8*3
applicable to the payment of interest and principal sonal. ng $35,157,< 0t of real, and for all the of per¬
Sinking funds are provided
bonds.
of this debt was—From loans, $227,844 46; from
(V. 17, p. 187, 628, 691.)
wharves, $2,371 54; from taxes, $251,56 45; from
Mobile.—The valuation of property is $20,047,866;
interest, $65,829 36; total, $557,612. Popu’ation by
census of 1870 was 100,750, against 68,033 in 1860;
tax, 2 per cent.
Mobile County also has 8 per
now estimated upon the basis of 7 to a voter makes sent bonds outstanding.
Interest has been in
Oct 14. 1874, was
New Orleans.
do
do
do
do
do
do
1892
1892
.1892
1875
1875
1874
1875
default since July, 1873.
(V. 16, p. 661, 693; V.
17, p. 19.)
Newark.—The bonds in the first line in the table
payable out of the sinking fund of 1869, which
to $355,575; those in second line out of
sinking fund of 1864, $690,474; public school bonds
out of public school fund, $69,243; Clinton Hill
bonds by sale of property; against local improve¬
ment bonds the city holds $2,637,276 of assessments
unpaid and a lien on the property. Valuation of
real estate, 1874, $78,574,390; personal, $27,049,320;
tax rate for all purposes, $1 87 per $10J.
Popula¬
tion in 1870, 105,059.
arc
amounts
New Orleans.—The city of New Orleans has be¬
embarrassed through the political troubles of
come
the State, the
large issues of
of taxation, and interest has
bonds, and high rates
been in default sinco
To provide for interest and prirW
cipal of the old consolidated bonds, the sum cl
$650,000 per year is required by law to be raised by
tax on real estate.
Special provisions were made
December, 1874.
other issues of debt at the time they were
as follows: Railroad bonds interest by 20-175
of real estate tax and 1-175 of personal; Ponchartrain Railroad interest by 2
per cent of licenses; 7
for
Borne
made,
per cent loan of 1889, by $31,140 monthly; wharf
bonds, by levee dues pledged for interest and
principal; 10 per cent bonds of 1871, by monthly
deposits out or current revenue. The total funded
and floating debt, July, 1874, was $21,828,232. The
assessed valuation of property in 1874 was $105,901,565 real estate, and $30,059,220 personal. State
tax, 14M- mills; city tax. 25 mills; total tax, 8**f.
An ordinance was adopted in December, 1OT4,
making city taxes payable partly in scrip. Popu¬
lation, in 1870, 191,418, against 138,670 in 1860. (V,
18, p. 536.)
subscribers will confer a great
[April 3, 1875.
SECURITIES.
CITY
XU
of any error discovered
favor by giving Immediate notice
In these Tables.
INTEREST.
Date of
Bonds.
DESCRIPTION.
For
explanations see notes on first page of tables.
New Orleans—( Continued)—
Old corporations
Ponchartrain Railroad
Waterworks loan of 1869
1854
8169
1869
1870
Funding loan of 1869
do
do
1870
Jefferson City (debt assumed)
1871
1872
1872
1871
do
do
Consolidated gold bonds (general series)
do
do
(drainage series)...
Ten per cent bonds
New York—
Water stock
do
Croton water;stock
New Croton Aqueduct
new
1841 to’63
1870
1845 to ’60
1865
1870 to ’72
1871 to ’72
1865 to’72
1867 to ’70
1869
1853 to’57
1853 to ’57
1857
1857 to ’59
1860
1865
.1852
1870
stock
Croton Aqueduct
1862.430957
Additional
Croton water main stock
Croton Reservoir bonds
Croton Aqueduct bonds
Croton water pipe bonds.
Central Park fund stock
do
do
do
do
Central Park improvement
do
do
do
do
Docks and slips stock
Dock bonds
fund stock
do
do
1860
Floating debt fund stock
1865
Market stock
1868
do
do
1869
City Cemetery stock
City improvement stock
do
do
Lunatic Asylum stock
do
do
Fire department stock
Fire
Amount
or
par
Value.
outstanding.
$1,000
1,000
$336,000
1869
telegraph bonds
1869
1870
Tax relief bonds
do
do
coupon
New York Bridge bonds
Accumulated debt bonds
improvement bonds
opening and improvement bonds
Volunteer soldiers family aid fund bonds
do
do
do
Various
100 Ac
100 &c.
100 &c.
100 Ac.
100 Ac.
100 Afc
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac,
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
500 Ac.
100 Ac
100 Ac
10() Ac.
Street
Street
1863
1863
....
Ninth district court house bonds
Consolidated stock, coupon
Department of Parkt* improvement
Central Park commission bonds
1,000
1,000
1,000
1*87 i
bonds...
Assessment bonds
187 i
■
1*87 i
City parks improvement fund stock
Normal school fund stock
Public school building fund stock
1871
1871
1875
1871
1872
1872
1874
1873
1873
Department of Public Parks
stock
repair stock
Improvement bonds
Bonds for
Additional Croton water
Sewer
Consolidated stock
Museum of Art and Natural History
stock...
Liquidation of claims and judgments
KM) Ac.
100 Ac
100 Ac.
100 Ac.
500 Ac.
100 Ac,
100 Ac.
100 Ac,
100 Ac.
100 Ac.
100 Ac.
10*0*
Ac.
100 Ac.
100 Ac,
bonds
do
do
No. 3
do
do
No. 4
do
do
No. 5
Soldiers’ subs red. bounty bonds
Soldiers’ bounty fund bonds
Soldiers’ subs, and relief red. bonds
Soldiers’ bounty fund bonds, No. 3
Soldiers’ bounty fund red. bonds, No.
Riot damages red. bonds
do
indemnity bonds
2
Assessment fuud stock
do
do
do
do
Repairs to buildings stock
Consolidated stock, coupon
Accumulated debt bojids
N. Y. and Westchester Co. improvement bonds
Liquidation of claims and judgments
3,191,000
960,637
490,000
450,000
3,066,071
399,300
275,000
2,500,000
2,083,200
10*0*
Ac.
100 Ac.
100 Ac.
100 Ac,
IOOlAc.
100
1864
100
1864
100
1865
100
1865
100
1864
1864 to ’72 100
1868 to ’72 100
100
1873
Ac,
Ac.
Ac,
Ac.
Ac,
Ac.
Ac.
Ac.
1874
100* Ac.
1870
1871 to’72 500 Ac.
1869 to ’70 100 Ac.
Consolidated stock
For State sinking fund deficiency
Debt of Westchester towns annexed
1870
1873
1874
1874
.
Dec., 1880
1911
1922
1922
1881
1870, ’75, ’79,’80
Nov. 1,1902
1883 to ’90
ci
Q.-F.
Q.-F.
Q.-F.
A
1884
Aug. 1, 1900
Nov. 1, 1900
M. A N.
1907 to 1915
1907 to 1911
1880
1887
1898
Q.-F.
Q.-F.
M.
1.766.600
100,000
4,250,000
2,748,000
75,000
40,000
A^N.
ci
1898
§-f!
i
451,200
8,089,400
300,000
400,000
521,953
597,586
2,767,000
3,000,000
1,298,000
6,500,000
4,149,139
1,000,000
500,000
266,500
300,000
6 A 7
7
7
6 A 7
6
6
636,000
60,000
468,000
200,000
500,000
*6*
6
6
6
400,000
6
945,525
41,000
6
7
6
6
7
6
6
6
2,600,000
600,000
100,000
54,091
1,000,000
4,000,000
946.700
745,000
376,600
1,000,000
855,204
1.707.400
492.700
52,000
100,000
8.885.500
6,000,000
30,000
100,000
1,680,200
3,899,493
M. A
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
6 g.
4.252.500
3.840.400
1,250,000
12,057,400
5,100,000
200,000
1887
1895
1876
Nov.
N.
1, 1901 to *5
1878
1894
Q.-F
7
7
6
7
6
7
7
6
6
6
7
7
6
7
6
7
6
7
75,000
1876
Q.-F.
Q.-F.
6
181,000
1894
1895
1887 to 1900
Q.-F.
6
6
7
7
6
6
6
7
*6*
6 g.
7
6
A N.
A N.
A N.
A N
1897
1897
1888
1889
A N
A N.
A N
A N.
A N.
A N
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
1889, ’92, 96
1889
o
1884
a
1879
1890
53
Nov. 1, 1905
1884 to’88
30.S
t
.
1889
1889
o ©
«
1876,’77,’78, ’88
1879 to ’82
1875
1876
1890
1901
Nov. 1,1875 to’79
1875
Nov. 1,1875 to’79
Dec. 23, 1901
5.0
oP?
J
®
QC
£
3D
hM
3
v
u
t:
1,1891
Nov.
M. A N.
M. A N.
M. A N.
J. A D.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
Nov. 1, 1891
1875
Nov. 1, 1891
Nov. 1,1882
Nov.
1,1875
1894 to ’96
1903
1876
Nov. 1,1877
©
£
o
Nov.
jac
d
"3
,
a
as
/■H
a
cs
s
+-
5
♦->
ci
o
3
1,1890
1875 to’92
1884 to ’88
1894
1896
1875 to ’76
1883 to ’90
1880 to’81
1895 to ’97
1891
1877 to ’79
1882 •
1887
1903
1877
1884 to’88
M. *AN.
M. A N.
M. A N.
M. A N.
1901
1884 to’88
*
6
1891
1876
1896
1877 to’86
J. A* *D.
M. A N.
1,500,000
The true value of real estate is estimated at $1,city March 1, 18^5, after deducting the amount of 935,021,540. By an act of 1874 the towns of West
sinking funds was $116,509,911. The following state¬ Farms, Morrisania and Kingsbridge, embracing
ment shows the derails of funded debt, and the about 12,000 acres, were annexed to New York. The
amount in the city finking fund at the dates named: debt of these towns was about $1,500,000.
From the termination of the Tweed regime in
Jan.1,’73. Jan.1,’74. Jan. 1,’75. Mar. 1,75.
187 to January, 1875, the gross increase in debt was
Description. $
$
$
$
Fun.debt. 93,773,659 99,492,219 118,241,457 118,737,557 $33,252,049, and Comptroller Green says that the old
Sink, f’de.23,233.076 24,832,617 26,615,778 27,030,680 claims existing when he took office, with the bonds
ity.-
issued to pay
74,659,602
91,625,779 91,706,877
T’py debt.16,927,372 21,927,372
Rev. b’ds. 8,114,197 9.790,978
20,854,700 21,201,000
Net debt..70,540,583
1873
1884
1899
"
19,000
1862 to ’68
1871
1872
1872
1864
County court house stock
500,000
2,900,000
250,000
3,261,000
Due.
New Orleans,
do
do
do
do
do
do
do
New York or London,
do
do
New Orleans.
D.
J.
J.
S.
D.
Various
J. A D.
F. A A.
.—J.
.-J.
a: A O.
•
5 A 6
6
5 A 6
6
6
6 A 7
6
6
7
6
5
6
6
6
6
5
7 A 6
4,579,755
10,343.700
Improvement of Third avenue—23d ward...
Third district court house
422,000
2,205,000
1,343,000
1.143.600
J. A
J. A
A
M. A
A
Principal—When
Payable and by
Whom.
Pay’ble
5
6
5
7
7
8
73
7*3
7
7
10
113,000
1,392,400
2,849,500
3,000,000
Where
When
Rate.
295,000
708,000
improvement bonds
Wharf
Street
Size
deficiency in State sinking fund, and
town improvements, aggregate more than
this whole increase. He condemns very strongly
the law under which the Department of Public
for up
remembered, however, that no party
openly advocates an increase of debt; ana the
people will look more to the actions of the party in
power than to their documents. The Mayor (March
15) objects to the present method of authorizing
bonds ; that the laws are mandatory on the Board
It
is to be
ever
of
Estimate and leave
says:
“
The Common
them no discretion.
He
control over the pro¬
ceedings required to he taken under several of them.
Council has
But some officer or
ment is by each of
no
department of the City Govern
them authorized to prosecutei
public work of some sort, and to incur obligation!
2,707,500
3,602,034
for it la the name of the city.
For the payment of
New York by the U. S. census Works makes such heavy expenditures. All unad¬ such obligations city bonds must he issued, and the
against 805,658 in 1860. Since justed claims against the city Jan. 1875. were nomi¬
Jan. 1,1861, the valuation of property, the rate of nally $6,971,149, a large part of which the Comp¬ provisions of the laws on tho subject arc in such
terms that the Board of Estimate and Apportion¬
•taxation, and the gross amount of funded debt have troller claims to be fraudulent and has determinedly
Rate tax p.
opposed. The Comptroller fully explains the nature ment, or. as the case may be, the Commissioners of
been as follows:
Funded of the claims an i the amount saved to the city by the Sinking Fund, can be compelled to authorize
Personal
Real
$1,000.-,
debt. his opposition in his report of February 18, 1875. the issue of bonds to an amount necessary to meet
State.
City.
Year, estate.
estate.
The power to authorize the issue of bonds is now in the obligations—and that, whatever may be the opin¬
$
The population of
in 1870 was 922,531,
172,416,031
74,fill,306
1
191,967,161
1864.-410,774,435 223,920,505
187,423.471
257,994,974
276.339,451
1868. .623,236,555 285,199,972
1969-684,183,918 281,142,696
1870. .742,108,075 305,285,874
306,947,233
306,949,422
292,597,643
1874-881,547,995 272,481,181
1875
3 62
3 87
■27
31
96
94
67
13
72
70
4 43
5 20
5 41
6 95
the Board of Estimate and Apportionment, under
laws of the State, a plan which is open to some ob¬
16 36
13 45
16 08
17 29
24 94
jections.
property benefited)
represented by $5,712,739 advances to contract
ors; $7,531,447 advances on Bonlevard work; and
are
19 06
22 03
70 17
19 98
19 80
17 90
03 81
19 59
21 05
The outstanding assessment bonds (pay¬
able out of local assessments on
52,205,430
66,040,052
91,489,446
108,551,708
118,815,229
131,204,571
141,803,758
$7,606,500 uncollected local assessments.
Great
hostility has been shown to Comptroller Green on
account of his opposition to claims against the city
and chiefly on the charge of his placing many valid
and reasonable claims on the same ground as those
which are fraudulent or extravagant. So far as the
policy of the new administration of the City Govern¬
ment is foreshadowed, the recent message of Mayor
Wickham may be quoted as one official utterance.
ion of the members of the board or commission
to the necessity for or propriety of the
which the obligations were incurred. If
is to be continued in operation the debt of the
must go on increasing indefinitely,
as
work for
this system
city
and it will
probably, at the close of the present year, largely
exceed the amount now reached. I think it emi¬
nently proper that there should he no legislation re¬
quiring the expenditure of public moneys the pro¬
ceeds of taxation or of bonds of this community,
which has not first received the approval of tne
elected representatives of the people in the City
Government.”
p.
(V, 18,
p.
883: Y. 19, p.
345,350; V.*0»
14, 29.)
\
April 3, 1875.]
CITY
Subscribers will confer
a
SECURITIES.
xfei
great favor by giving Immediate notice of any error discovered. In these Tables*
DESCRIPTION.
Date of
Bonds.
For explanations see notes on first page
of tables.
Size
INTEREST.
or
outstanding.
par
Value.
When
Rate,
Where
Payable, and by
j Pay’ble
Due.
Whom.
Philadelphia—
Bonds issued prior to consolidation
do
for railroad stock subsidy subscripting
do
do
do
<do
•do
for water works
for bridges
for park and Centennial
for war and bounty purposes
for municipal and school purposes
■Guaranteed debt, gas loans
1855
1855 to ’71
1859 to ’70
1868 to ’70
1862 to'65
1860 to ’70
*....
$7,338,132
,
Pittsburgh—
5 & 6
1,725,000
0,500,000
4,500,000
8,300,000
11,050,000
15,259,000
4,999,400
6
Water extension loan (coupon)
Funded debt and other municipal bonds
1868 to’73
1845 to ’72
1863
reg.)..
Compromise railroad bonds (coup, and
Portland, Me —
4,115,000
1,122,911
2,274,195
Loan to Atlantic & St. Lawrence Railroad Co.
1868
1,000
do
do
do
1869
1,000
do
do
do
1870
1,000
do
Portland & Rochester Railroad
1867 to ’69 500 &C
do
do
do
1872
do * Building Loan Commissioners
1867 to’68
1,000
do
Portland & Ogdensburg
1872
Municipal—proper
)
In aid Atlantic & St. Lawrence Railroad Co 5
1852
Providence, R. I.—
Loan to Hartford, Providence & Fishkill RR.
Bonds for public improvements
Recruiting and bounty bonds
Water loan bonds, gold, coupon and reg
1855
1863
1872
.
iSan Francisco—
-Bonds of 1855, coupon (gold)
do
do
1858,
do
San Francisco & St. Jose RR., coupon (gold)..
Judgment bonds, coupon (gold)
Central Pacific Railroad, coupon (gold)
Western Pacific Railroad,
do
do
School bonds,
do
do
Judgment bonds,
School bonds
do
do
-
Park
improvement bonds
Hospital bonds
Savannah, Ga.—
Purchase of Springfield plantation
Subscription to Muscogee Railroad
do
Bonds for
do
city improvements
Harbor, &c., improvements
For floating indebtedness
SL Joseph, Mo —
Bonds to St. Joseph & Denver City RR., 1869
do
Missouri Valley Railroad... ?
do
St. Joseph & Topeka Railroad
River and wharf bonds
City improvement bonds
Funding bonds
Bridge bonds
1860 to’69
1869
1860 to ’66
1858 to’59
1866 to’69
1868 to’70
1871
100 &(
\
Water work bonds (old)
Bonds to Iron Mountain Railroad
do
North Missouri Railroad
Tower Grove Park bonds (gold)
Sewer bonds
Harbor and wharf bonds
1846 to’71
1840 to’68
1851 to’66
1856 to ’58
1854 to ’57
1854 to ’55
1868
1855 to ’69
1852 to ’68
1866 to’68
1867 to ’70
1872
1871 to ’73
1873
1874
1872
.
.-
Lafayette Park bonds
New water work bonds (gold)
do
do
do
Renewal and sewer bonds (gold)
Renewal purposes, gold and sterling
St. Louis city bonds, gold, coupon...
Bridge approach bonds (gold)
St. Paul, Minn.—
Revenue bonds
Preferred bonds
8 per cent bonds
Lake Superior & Mississippi Railroad
St. Paul & Chicago Railroad
retired
as
1870
$2,488,490 00
1871
2,846,900 00
1872
1873
7,048,150 00
1874
2,439,800 00
Assessed valuations for 1875 are:
Retired
425,798 58
245,188 78
575,234 89
238,923 38
city proper¬
ty, $520,594,067; tax rate, $1 90; suburban property,
$33,985,746; tax rate, $1 26 2-3; farm property, $20,704,155; tax rate, 95c. The following table, com¬
piled from official documents, exhibits the assessed
valuation and tax rate in the city of Philadelphia
tunce
1860:
Year.
1860
1861......
1862
1863
1864
1865
1866
1867
1868
1869
1870
1971......
1872
1873
1874
Real
Estate.
.
.
.
.
.
.
.
.
.
.
.
.
$2,697,433
150,326,005
.
Personal
Estate.
$153,000,236
.
$20
2,713,188
152,410,065
152,428,113
153,668,368
155,980.917
159,590,142
160,350,666
445,563,311
456,137,222
470,851,800
491,844,096
502,415,863
518,234,568
2,482,889
20
23
23
23
28
539,003,602
2,407,293
2,756,964
3,139,011
3,241.687
3,737.785
7,954,169
7,767,767
385,000
350,000
210,000
V g7
7
7
'7
7
7
7’
7
7
534,000
500,000
400,000
76,800
88,000
86,600
Rate Tax
per
$1,000
00
00
00
00
00
00
40 00
40 00
14 00
18 00
8.188.873
18 00
8,592:786
8,608,819
8,930,700
9,239,933
18
20
21
22
00
80
50
00
7
....
6 & 7
7
6
10
6
342,000
s
346,000
914,000
1,219,000
36,500
3,950,000
1,250,000
)
1,083,000
)
^
1,074,000
2,072,000
)
6
6
6
6
6
6
6
461,000
315,968
141,564
200,000
100,000
During the year 1874 receipts and
the city were as follows:
Total receipts
Total expenditures
g.
g.
g.
g.
g.
g.
12 & 7
7
255,625
c.
8
6
6
J.
Providence.
S.
do
J.
do
J. Bost., Revere B’k, and
St. Joseph Treasury.
do
do
Y., Nat. B’k Commerce.
1875 to ’91
April, 1877
Jan., 1876
Sept,, 1885
Jan., 1893
Jan., 1900
Jan. 1, 1875
Jan. 1, 1888
1877 to’78
Oct. 1, 1883
July 1, 1894
May 1, 1895
April 1,1881
Oct. 1, 1887
ine 1,1882 to *90
July 1, 1897
Nov. 1, 1891
May, 1875
June, 1876
Feb., 1878
March, 1883
Nov., 1883
Dec., 1888
Feb., 1886
Nov., 1879
June, 1890
Nov.. 1900
Jan. 1, 1902
July 1, 1903
1880 to’89
Nov., 1889
1880 to ’86
1878 to *79
1886 to ’89
1878 to ’80
1891
Various N. Y., Nat. Bank Republic
1875 to ’91
Various
do
do
1875 to 1906
Various
do
do
1879 to ’86
Various
do
do
1880 to’83
Various
do
do
1875 to ’77
Various
do
do
1875
F. & A.
do
do
Aug., 1878
Various
do
do
1876 to ’89
Various
do
do
1877 to ’88
Various
St. Louis.
1875 to’76
J. & I>
New York and St. Louis. June, 1887, to ’90
A. & O N. Y., Nat. B’k Commerce.
April 1,1892
Various
do
do
1891 to *93
M. & N
New York or London.
1893
J. & J
do
do
July 1. 1894
J. & D N. Y., Nat. B’k Commerce.
Dec. 10,1892
.
M. & N
M. & N
St. Paul and New York.
do
do
Varioiu N. Y., P. M. Myers & Co.
J. & D. 1
J. <fc
D.jN. Y., Farmers’ L. <fc Tr. Co.
$17,712,317 23
16,148 099 50
$1,564,217 64
147,905 96
Sinking fund cash balance
and Savannah.
do
do
do
do
do
do
do
do
do
do
do
Various N. Y., Nat. B’k Commerce.
M. & N.
do
do
Various
St. Joseph, Treasury.
M. & S. N. Y., Am. Exchange B’k.
expenditures of
Balance Jan. 1, 1875
Prov.
& J. New York, Lees & Waller.
& J.
Sail Francisco.
Various
do
A. & O.
do
J. <fc J.
do
M. & N.
do
A. & O.
do
A. «fc O.
do
J. A D.
do
J. <fc J.
do
M. & N.
do
Various
J. & J. N.
6
6
6
6
6
6
0 g6
6
337,000
216,000
&
&
<fc
&
Various
10
10
815,000
166,000
J.
M.
J.
J.
M. & N. New York
J. A D.
do
F. & A.
do
M. & S.
do
M. & N.
do
J. & I>.
do
J. A J.
do
M. <fc N.
do
J. & J.
do
M. & N.
do
J. & J.
do
J. <fc J.
do
....
2,486,000
1
$236,104 91
7 g.
246,000
s
)
)
)
Boston and Portland.
do
do
A. & O.
7 g.
7 g.
7 g.
6 g.
s
follows:
Issued.
488,500
377,000
250,000
197,000
8
Philadelphia.—The total funded debt January 1,
1875, was $55,372,132, against $53,239 416 January 1,
1B74; this is exclusive of guaranteed debt for gas
loans of $4,999,400. Warrants outstanding January
1. 1875, $3,531,918. There is ro large amount of
city debt maturing in the next five years. During
each of the past five years debt has been issued and
m’nthly
J.
s
>
)
N. Bost., Blackstone Nat. B’k.
N.
do
do
N.
do
do
J. Boston, Columbian Bank.
J.
s
1868
& D. Bost., Blackstone Nat. B’k.
6 g.
7 g.
7 g.
7 g.
125,000
500,000
s
do
Nov., 1886
Nov., 1887
Nov., 1888
July, 1887
July 1, 1897
June, 1877
6 g-
150,000
s
1875 to 1903
1907
6
5
115,500
1875 to *85
&
&
A
&
6
6
5
5 & 6 g.
431,500
\
St Louis—
Renewal and floating debt bonds
Real estate and public buildings
Street improvement bonds
'&
5
349,500
500
500
do
do
do
do
do
do
T.
6
27,340
99,000
198,000
5,000
64,500
937,500
368,800
117,000
500
do
do
do
do
do
do
do
M.
M.
M.
J.
590,000
500
Pliila., Far. & Mech. N. B’k
1893 to ’98
1874 to 1912
1913
157,000
•
J.
j.
j.
j.
j.
j.
j.
j.
A. & 0.
Pittsburg.
Various Pittsburg, Pliila. & N. Y.
J. & J. New York, B’k of America.
300,000
4,000,000
lOOO&e
1862
1863 to ’64
1864
1865
500
1866 to ’67
1867
1870 to’72
1872 to’74
1871 to’73 500 &c
Gaslight Company stock
Improvement of Savannah River
Savannah, Albany <fc Gulf Railroad
Funding coupons and other purposes
Redemption of bonds
j.
&
&
&
&
&
a
&
&
....
375,500
500,000
000,000
1858
Construction of water works
)
r.
r.
r.
r.
r.
r.
r.
6
6
6
6
592,000
1,100,000
{ 2,174,300
.
7
6 & 7
4 & 5
450,000
1855
1850
1851
1853
1853
1853
1853
1866
1869
1870
1870
1872
1873
6
6
6
6
6
6
240,000
233,000
308,000
700,000
500 &C.
.
Total cash balance, Jan. 1, 1875...
Total funded debt for city purposes
$1,712,123 60
is given as
674,022, against
$55,272,132.40.
Population, 1870,
565,529 in 1860. (V. 18, p. 526.)
Pittsburgh.—The total debt Feb. 1, 1874, was $7,527,301, including the water loan bonds. Courty
valuation in 1873, $19,000,000; cash valuation, $676,584,000. Population about 140,000.
Portland, Me—The sinking fund March 31.1875
was $500,469.
The city is protected by mortgages
on At. & St. Louis, and
on Portland & Roches¬
ter Railroads, and holds 7 143 shares of Portland &
Ogdensburgh stock. Assessed va ue of real estate
in 1873 was $17,775,3 (J; personal, $12,045,712. Tax
rate, $25 per flJOO. Population in 1870,31,413,
against 26,341 in 186 ).
Pimidence, R. /.—The principal debt of Provi¬
dence has been created since 1872 for water works.
The last issue was $2,000,000 5 per cent gold bonds
in 1874 at 90 currency. The floating debt (city notes)
at close of fiscal year Sept. 30, 1874, was $v,043,800.
The assessed valuation of real estate in 1874 was
estate in the fiscal year ending
assessed at $160,507,453; personal
1874 to ’90
1874 to’86
1889, ’90, ’96
1888 & ’98
1900
.
June 30, 1874, was
property at $100,-
571,631; sinking funds raised annually amount to
$223,000. Tax rate, $1 50 per $100. All the values
for San Francisco are given in gold. In addition to
the bonds given there are also $350,000 issued since
the termination of the fiscal year, July 1, 1874.
Savannah, Ga—To provide for floating debt and
maturing liabilities in 1873 and 1874 $400,000 bonds
were
issued and sold in Savannah, realizing $324,730,
and leaving
Dec. 31, 1874.
only about $136,277 of floating debt
The city owns real estate and other
nominally at about $4,282,600.
property valued
Assessed value of real estate, $14,000,000.
tion in 1870, 28,235, against 22,292 in 1860.
Popula¬
St. Paul, Minn.—Population in 1870 was 20,030,
against 10,400 In 1860. Assessed valuation of tax¬
able property, $13,194,285, or about one-fifth of the
actual value; tax rate, 14 mills.
A decision was
made in October, 1872, confirming validity of the
railroad b^nds. (Vol. 15, p. 626.)
St. Joseph, Mo.—Population in 1870 was 19,565,
against 8,932 in 1860. Jn 1873 assessed valuation of
property was $11,000,000; rate of tax,
per cent.
No recent report on the city finances has been
obtained.
—Population by the U. S. census in 1870
The city and
county governments and finances are separate.
$81,04",300; personal, $ 12,642,500. Rate of tix, Total funded debt at close of fiscal year, April, 1874,
$14 50 per $1,000. The sinking fund for bonds due was $14,303,000. Assessed valuation of all city prop¬
m 1885, $378,563;
sinking funds of 1893, $137,541;
H. P. & F. Railroad bonds held, $500,000. Popula¬ erty (being about 60 per cent of actual value)
$172,109,270, which does not include the 13th ward;
tion in 1870, 68,901, against 49,129 in 1660.
tax rate is 1% per cent.
The gold loan of 1874 was
San Francisco.—Population by the U. S. census taken for a London house at 9w, less 2 per cent com-*
of 1870 was 149,482, against 56,808 in 1860.
Real mission. (V. 18, p. 143.)
St. Louis.
was
310,864, against 160,773 in 1860.
Subscribers will confer
a
great favor by
DESCRIPTION.
IVLllCS
explanation of column headings, Ac.
on first page of tables.
see
notes
81
29(3
*290
‘201
14*2
1-4*2
14*2
Albany d Susquehanna—Stock
1st mortgage
Albany City loan
2d mortgage
3d mortgage
A
General mortgage
Ronds to State Pa. (endorsed) 2d mort
1st mort., East’ll Exton., guar, by Pa.
.>(;*»
132
132
112
1.000
500 Ac.
50
18(35
1,000
1,500,000
1874
1871
1809
1870
1872
1870
500 Ac.
400,000
3,750,000
7,0 12,500
500 Ae.
1.000
3,521,000
1,000
4,248,000
loo
lOO
1,232,200
24,795,298
585
100
4(50
....
1871
1871
1871
1872
1873
500
1 00
100
500 Ae.
1.000
1,000
340
280
58
1807
428
4*g,S
81
SI
81
133
133
133
214
214
do
do,
4tli mortgage
Registered eertifieates.
Interest funding bonds.
328
328
328
Atlantic d Pacific— Common stock
Preferred stock, Missouri division
do
Central division
do
1st mort. (Southern Pacific), gold (land grant)
1st mort. (At. A Pac.), gold, on 500 acres land
2d mort. (At. A Pac.), gold
18(38
1871
1871
35
4,000,000
30(3,000
150
150
150
do
Sterling bonds, not mortgages
Augusta d: Savannah—Stock
Jiaid Fugle Valley—1st mort., s. f. ($5,000 per year.
2d mortgage ($5,000 per year)
-
Baltimore d Ohio—Stock....Preferred stock
Washington branch
Loan, 1855, sinking fund
do
1850
150
150
1 50
53
51
51
5sS
52
30
....
529,000
8
.
8
(> g(3 g.
<3 g-
1,000
787,000
18(34
1871
1853
£100
£100
£200
100
1,500,000
1801
18(34
100 Ae.
1,000
100
713,000
*
484,000
733,700
354,000
J.
<» V-
100
3,(3(33,400
100
1,(350,000
839,250
1,
Jail.,
Sept.,
Nov.,
Jan,,
Jan.,
July 1,
Co.
Y., Duncan, S. A Co.
1876
1902
1902
1902
1902
1903
1876
1 874
July, 1887
Oct.
1,
1901
1, 1877
J. N. Y., First Nat. Bank.
do
do
1, 1877
J.
do
do
July 1, 1893
J.
Jan. 1, ’84-’90
do
do
J.
Jan. 1, \84-’90
do’
do
J.
Jan. 1, ’8(3-’90
do
do
J.
do
do
July 1, 1884
J.
Moil. 1, 1900
do
do
J.
Jan. 1, 1875
J.
Lynchburg Office.
J. N. Yr., First Nat. Bank. July 1, 1880
(3
paid 8 per
it has about $200,000
Atlantic A- Great Western.—'This road was leased
to the Erie for 9!) years from May 1, 1874, according
to the terms given in V. 18, p. 10.
Shortly after
(in July, 1874)' default was made on its bonds. The
last annual report, to Oct. 1, 1874, will be found in
V. 19, p, 637. Proceedings looking to foreclosure
are in progress, and an account of the company's
affairs may he followed up bv reference to the fol.
J. N. Y., Office of Comp’ny
do
do
J.
do
do
N.
do
do
N.
do
do
1901
do
do
A I).
do
do
A I).
A J.
A
A
A
A
N.
Q-J.
(3
579’500
....
Oet.
Jan.
Jan.
!
Y., Office of Comp’ny
Portland.
F. A A.
M. A S.
7
5
3
5
100,000
13,143,400
cent dividends for some years;
of bonds.
Chattanooga.—Sale postponed to April
complications in the affairs of this
be seen by reference to the Chron¬
143, 247; V. 10, p. 38, 305; V. 20, p.
J.
10
-3
3 g.
(3
(3 g.
0 g(3 g.
2D
(3
1.808
1855
1 850
In
J.
10
4,9(34,872
A
A
A
A
A
A
A
A
A
A
J.
J.
M.
M.
<* V<> g<> g-
500,000
35,128
100
A100
1888
1895
1885
1881
•
Atlanta & West Point.—The road has
Alabama Central.—In default since January, 1872.
No information.
C. N. Joidan, President, New
York.
Alabama &
8, 1875.
The
company may
icle, V. 18, p.
289.
8
753,000
513,94(3
bonds, 1st mort.. sinking fund
sterling, 5-20 years
do
<3
(3
<3
9(33,000
Equipment bonds
Interest scrip (exchangeable for bonds)
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
8
990,000
i.874
A. A 0. N.
8
(321,000
452,500
794,000
July,
Nov.,
Oct..,
May,
'
8
1,190,000
Jan. 1, 1875
-
■
1
7 g.
(375,000
-500 Ae.
A
A
A
A
A
A
Savannah.
J. A J. N.Y.,M.K.Jesup P.A
do
do
M A N
do
do
Im. a n.’
7
7
7
458,000
100
100
500 Ae.
500 Ae.
500 Ae.
O. New York and London.
do
do
J.
do
do
S.
do
do
N.
do
do
J.
J.
London, Co.’s Office.
do
do
A J.
|M. A N.
g.
g.
g.
g.
g.
7
8,3(30,000
10,000,000
1.400,000
7,188,500
2,829,000
2,015,500
do
do
do
do
do
do
N.
0.
N.
3*2
157,000
87,81 1
22(5,300
B’k of Commerce.
N.Y.,Del.A Ilud.Can. Co
Jam, 1889
J. N. Y.,
J.
8
5 '470,000
.
18(38
1st mort. (Cent. div. At. A Pac.), gold
do
do
do
land grant
Income bonds for funding
Portland city
2d mortgage,
3d
do
A
A
A
A
A
A.
J.
M.
M.
J.
J.
J.
7
7
7
7
7
7
78(3^47(3
1871
1871
500 Ae.
1 857
1 857
500 Ae.
1808
1,000
1800
1,000
200 Ae.
1800
200 Ae.
1800
1 854
1,000
1 805
1,000
Var’us Various
1809
100 Ae.
1 (>0
293
293
Stock, sterling
J.
J.
M.
A.
M.
June, 1901
Jan., 1889
Third Nat. Bank.
Duncan, S. A Co.
.
200,000
(3,921 '900
293,
Land debentures
Atlantic d; St. Laurence—Stock, currency
A J. N. Y.,
A J. N. Y.,
A J.
-
.......
2,310,200
4(34,000
58
4 28
Dividend.
7-30 J. A J. N. Y., Winslow, L. A Co. March 1,1896
5
Jan’arv Harrisburg, Treasury.
Oct., 1901
7 or (3 g. A. A 6. Philadelphia or London
1894
7 g.
June 1, 1896
7
J. A D.
Pliila., Penn. RR.
July, 1891
7 g. J. A J. London A Amsterdam.
1901
7 g. A. A O. N. Y., Winslow, L. A Co.
1904
J. A J. Pittsburgh, Penn. Co.
7
Sept. 1, 1896
Boston, at Office.
8
M. A S.
July, 1899
7 g. J. A J. N. Y\, G. Opdyke A Co.
Oet.
Boston.
1, 1900
7 g. A. A 0.
do
July 1, 1902
J. A J.
8
J. A J. N.Y.,3I.K.Jesup, P.A Co July 1, 1900
4
J. A J. Atlanta, Ga., at Treas’y. Feb. 1, 1875
2,11(3,300
14,922,200
10,173,(379
28,783,000
5,355,000
2,931,000
1,979,000
3,(393,200
500 Ae.
500 Ae.
500 Ae.
1873
412,000
Stocks—Last
Whom.
J.
J.
J.
9,87(3,250
400
400
preferred consolidated mortgage
do
do
do
1,000
87
...;
do
do
2,25(3,400
3,91(3,000
3,500,000
10,000,000
5,000,000
pal, When Due
Payable, and by
Payable
31-j
933,000
2,000,000
434,000
1,000,000
1,200,000
205 Lj
Virginia A Tennessee—Enlarged mortgage.
do
do
<lo
1805
500 Ae.
27L,
Atlantic, Miss, d Ohio—Stock, (coin’ll, prof. A guar.).
1st mort. consolidated, gold (for $15,000,000)..
2d mort. to the State (no interest till 1880)
Norfolk A Petersburg—1 st mortgage
do
do
7
(5
7
7
100
1,000
1,000
1803
(»2ii>
Atlanta d: West Point—Stock
Atlantic d (treat Western—Stock (total $10,000,000)
Preferred stock
Old 1st mortgage bonds, Ohio Division
1st general mortgage
2d
do
do
do
3d
do
Leased lines rental gold bonds (Cl. A M.)
do
do
(P. P., P.-V. and S. A A.)
Western Extension certificates (Cl., Col., Cin. A I.)
Atlantic d: Gulf— Common stock
Guaranteed stock
Consolidated 1st mortgage
Southern Georgia A Florida, 1st mortgage
do
do
2d mortgage
2d
1,000,000
1,000
1.000
1871
470
do
do
8
8
1871
51
48
Atchison, Topeka d Santa Fe—1st mort., gold.
Land grant mortgage, gold (on 3,000,000 acres)
Wichita & Southwestern, 1st mort, gold, guar
Atlanta <£• Richmond Air Line—1st mortgage
1st
8
5,220,000
2,(373,000
1,200,000
5,000,000
$1,000
Where
When
Rate per
Cent.
:$1 ,(300,000
1871
1809
1809
1872
Outstanding
1,000
150
do
do
Amount
1800
1870
1871
1874
J 80(3
Atrhison <6 Nebraska—1st mortgage
do
South Side—1st
2d
do
do
3d
or
Par
Value.
(32 D
RR
Funding income bonds, guaranteed
Alexandria dFredricksburg—1st mortgage
Arkansas Central—1st mortgage, gold
Ashtabula, Youngstown d JJitts.—1st mortgage
2d mortgage, income
!
do
Size,
Date
1809
Ueghany Valley—Stock
Bonds—Princi
INTEREST OR DIVIDENDS.
of
of
Road. Bonds
Alabama Central— (Selma A Merid.)—1st molt..
Alabama d Chatt.—1st mort., gold, guar, by Ala.. .
2d mort., $‘.>,000 per mile, not guaranteed
Receiver’s bonds
discovered lu tliese Tables.
giving immediate notice of any error
t
For
[April 3, 1875
RAILROAD STOCKS AND BONDS,
Xiv
London, Gr. Trunk RR.
Portland.
31. A N.
A. A O. London, Gr. Trunk RR.
do
do
M. A N.
do
do
M. A N.
Savannah.
J. A I).
J. A J. Pliila., Farm. A 31. Bank
do
do
I. A .T.
Baltimore Office.
M. A N.
do
M. A N.
do
\. A O.
T.
A- .T. Balt.. Morh’s Nat. Bank
do
do
I. A J.
i
1
July, 1888
July, 1888
Nov., 1891
Nov., 1891
Nov. 1, 1901
Dee. 1, 1883
June 1, 1885
Dee. 1, 1883
Jan. 1, 1884
Feb., 1875
Mar. 15,1875
3Iay 2, 1886
Oet. - 1, 1884
Oet. 1, 1891
Nov. 1, 1878
Dee., 1874
July 1, 1881
July 1, 1884
2, 1874
2, 1874
Oet. 21, 1874
Nov.
Nov.
1875
1880
tngeously disposed of. There are Of such bonds,
subject to the purposes of reconstruction and equip¬
ment, the sum of $i,166,t00. face value. In addition
to this, and as against our floating debt as it now
stands, we have in cash $75,821 92, and available
bills $1*5.010, besides store house supplies $176,842 90, and other assets whose eawh value may be
safely put at $125,0(!0. The financial status given in
comprehends the payment of one-
this (Ins) report
half of the interest
due October 1, 1874, in London,
which the failure to
pay the other half will create.”
lowing pages: V. 18, p. 272, 480, 527: V. 19, p. 10, 142,
Atlan'ic A Pacific.—'This was a consolidation, in
017; V. 20, p. 85, 139, 289.
Oct., 1870, of the Atlantic A Pacific and So. Pacific.
Alleghany Valley.—This road was embarrassed in
A: Gulf— Gross earnings in 1873 were The land grant amounts to some 1,000,''00 acres. The
Atlantic
1874, and compromised with creditors.
Reference $1,005,947; net earnings, $267,880. Interest on the Missouri Pacific road is leased, and dividends of 5
to its affairs and statement of
Albany A Susquehanna.—This road is leased for
150 years from 1870 to Delaware & Hudson Canal
Co., at 7 per cent per annum, on stock and bonds—
lessee assuming the payment on both.
earnings will be found
in V. 18, p. 502; V.
guaranteed stock has not. been fully paid for the past
two years.
(V. 18, p. 143, 479.)
19, p. 15, 117, 240, 582.
Alexandria A Fredrickshura.—The Pennsylvania
Railroad holds $512,000 of tin* bonds and controls
the road. Loss in 1873, $25,074.
Arkansas Central.
Most of tliebonds were sold in
London, where $609,09 ' of 2d mortgage bonds were
also
hypothecated.
-
(V. 19,
p.
3(35.)
Ashtabula, Youngstown <9 Pitts.—It is leased and
operated by Pennsylvania Co. at cost. Net earnings
paid to lessor, bur lessee guarantees interest, on 1st
mortgage for five years. Common stock, $1,500,000;
preferred, $500,000.
Atchteon
September,
A Nebraska.—Tnterest was in default
1873, and coupons funded. (V. 17, p.
323, 048, 752.)
Atchison, Topeka <9 Santa Fe.—Defaulted in 1873.
W. & 8. W. road is leased and interest, guaranteed.
(V. 19, p. 3(3.3; V. 20, p. 101.)
Atlanta A Eichmemd Air Line.—Dtfaulted in 1833Part of the bonds were held
road
p.
as
collateral.
14, 85.
by Pennsylvania Rail¬
582, 017; V, 20,
8ce V. ,9, p. 1(37.
Atlantic. Mississippi <9 0.—Of the
!
!
stock $5,815,700
is common, $800,000
preferred, and $270,230 guaran¬
teed; the company, itself, holds $3,441,200 of the
-common, all the preferred, and $105,700 of the guaranteed stock. Gross earnings year ending Sept 30,
| 1*74.
$1,825,343: expenses, $1,097,723; net earnings.
There was a decrease of gross revenue ny
$308,114 08, or 10 per cent; a decrease of current
expenses of $181,988 74, or 14
per cent, and a
decrease of net revenue of $186,415 34, or 20 per
cent.
Of the $15,000,000 loan enough is held to
$727,019.
retire all the old debt. The company funded one
coupon, Jan , 1874, but paid the subsequent coupons
in part. Funding notes for $153,423, due 1875 and
1879, were issued. The company, under the man¬
agement of Gen. Wm. Mahone as president, has
held a strong position as a trunk line. The Presi¬
dent remarks in his report: “During the past two
years
the company has retired, in round numbers,
$550,000 of the past due indebtedness of the divi¬
sions; besides it has made a net expenditure of
about. $140,000 on property account in the past year,
while it has not increased its own indebtedness, and
for these disbursements is entitled tobere-imbursed
by the sale of bonds whenever they c^n be advan-
and takes into account the debt
per
cent a year paid on the
stock. Int rest was
passed January, 1874, on the land grant bonds, the
2d mortgage and the interest scrip, but funding has
progressed without litigation
In 1874 the net
receipts of A. & P. were $385,871, including profits
the M. P. lease—an increase of $2i:6,560 over 1873.
(V. 17. p, 218, 323, 387, 834; V. 18, p. 7, 143, 190; V.
on
19, p. 39i; V. 20, p. 2S8.)
Atlantic A: St. Lawrence.—Leased for 999 years,
Canada.
from July, 1853, to Grand Trunk Railroad of
Annual rent, 6 per cent on bonds and stock.
Augusta A Savannah.—Leased to
gia for $73,000 per annum ;
debt.
Central of Geor¬
has $129,000
bonded
Eagle Valley.— Leased to Pennsylvania Rail¬
cent of gross receipts. The Pennsyl¬
vania Railroad holds all 2d mortgage bonds. Net
earnings 1873. $89,488.
Baltimore A Ohio.—'The B. & O. completed its line
to Chicago in November, 1874, and perfected its con¬
nection with Cincinnati b y the “short line” of
the Marietta & Cincinnati road.
In comparison
with its rival trunk lines, the Baltimore & Ohio
claims a much smaller capital account in proportion
to the value of its property.
The bonded debt in
creased in 1873-4 about $10,000,000, The gross earn
Bald
road at 40 per
RAILROAD STOCKS AND BONDS
April 3, 1875 ]
KV
Subscribers will confer a great favor by giving Immediate notice of any error discovered in
DESCRIPTION.
Miles
explanation of column headings, Ac., see notes
tlrst
For
Baltimore d
Loan,
of tables.
page
on
Date
of
of
Road. Bonds
Ohio— (Continued)—
1853
1870, sterling, £800,000.
.Baltimore loan, 1855-90
Short notes, sterling
Sterling mortgage
do
do
sinking fund
do
....
....
....
411
421
Northwestern Virginia, 3d mortgage, 1855-85
Baltimore & Potomac—lut mort (tunnel) gold
1st mortgage,
...
....
91
gold, (main line)
Belleville d South. 111.—1st M., sink’g fund, guar
Belvidere Delaware—Stock
1st mortgage, bonds of 18(52 (guar, by C. A A.)...
2d
no
do
do
)...
1854 (
do
3d
do
do
1857 (
do
do
)...
Berkshire—Stock.
Albany—,Stock
loans (Albany A West. Stockbridge)
Boston d
Albany
Dollar bond's
....
(Western Railroad)
Dollar loan.
Boston, Clinton d
r><>
....
21.
270
39
156
20
43
Fitchb.—1st mort., Agrie. Br
Equipment notes..
2d mortgage
do
..
Sinking fund bonds...
Rate per
Cent.
6
3,525,456
3,352,246
6
.
£200
£100
£200
.
1,000
1,000
1,000
....
100
100
....
1841
1855
1871-2
1854
’60-’70
Outstanding
....
1,000
1,000
1,000
1,000
1864
1866
Boston d Maine—Stock
Bonds, coupon and registered
Boston d Provide nee—Stock
Bonds to purchase branches
143
Buff.,Brad.d Pitts.—Gen. M.,(incl. 10,000 ae. I’d
Buffalo, New York d Erie—Stork
1st mortgage bonds
Buffalo, N. 1. d Philadelphia—1st mort., gold
2d mortgage (for $1,000,000)
Burlington, 0. Rapids d Minn.—1st M., gold s. f
1st mortgage, gold (Mil. div.) coupon or regist’d.
26
142
140
88
Burlington d Missouri River—Stock
443
443
281
:
and 400,000 acres land
**
2d mortgage, endorsed by Central Pacitlc
Camden d Atlantic—1st mortgage
2d mortgage
Camden d Burlington Co.—1st mortgage
Canada Southern—1st M., gold, s. f., ep. A reg
Tol., Can. S. & Dei., 1st mortgage, for $1,000,000
Carolina Central— 1st mortgage, gold, coupon
Income bonds, coupon
Catawissa—Common stock
New preferred stock
Preferred stock
1st mortgage bonds.
Chattel mortgage bonds
New mortgage
Cayuga— 1st mortgage, gold
of
stem and
main
....
Debt.
Earnings.
$5,018,060
10,654,472
$27,-729,448
4,934.796
4,532,072
4,016,503
$11,69:1,935
12,252,^44
1871-i
branches, and financial
B. & O. Co. for four vcars were as
Stock and
Net
Gross
Earnings.
1972-1
1872-3
220
110
eonv.
condition of
follows:
28,567,899
29,161,399
27,867.887
1870-1
9,913.390
The gross earnings of the main and all leased lines
last year, ending Sept. 30, 1974, were $14,947,090,
and net earnings, $5,530,439. The company claims a
surplus of $32,144,160 in the value of its assets
above its stock and debt, which surplus is repre¬
sented chiefly by securities of branch lines, received
for advances made by the B. & O. out of its earn¬
ings. ' See report in Chronicle, V. 19, p. 526. (V.
18, p. 166, 502; V. 19, p. 397; V. 20, p. 183.)
Baltimore & Potomac.—This is the line of the
Pennsylvania Railroad from Baltimor eto Washing¬
ton.
The bonds are guaranteed by Penn. RR. and
Northern Central. (\. 19, p. 295 ; V. 20, p. 85.)
Belleville & Southernlllinois.—Leased and operated
by St. Louis Alton & T. H. Co. on a percentage of
gross earnings. Rental for 1873, $108,515. (V.18,p.l43.)
Belvidere Delaware.—Leased to United Companies
of N. J., and operated by Pennsylvania RR. at cost;
net earnings go to lessor where they exceed inter¬
est on debt, which is guaranteed by lessee.
In 1874
net earnings of Belvidere Del. were $195,362. Float¬
ing debt, $1,237,837.
Net earnings in 1873, $324,288.
Berkshire.—Le ased to Housatonic, at 7 per cent
per year on stock.
Bos'on & Albany.—The Boston & Albany is the
main western trunk line of New England.
In past
four years the following has been its exhibit:
Net
Gross
I’otal Stock
1873-4
$8,963,128
1872-3
Earnings.
Earnings.
$2,414,916
9,798,033
2.236,873
1871-3
and Debt.
$25,422,100
24.183,100
9,259;599
2,362.615
22,701,100
7,962,342
2,154.983
20,485,600
$5,000,000 new bonds w-ere authorized in February,
8 75. Report jji V. 19, p. 502; V. 20, p. 14, 162.
1870-1......
500 Ac.
100
40
101
40
105
1 50
156
141
141
60
60
31
201
1857
1871
1873
1860
1872
1874
100
1,000
100 Ae.
1,000
1,000
100
1863
1866
1868
1860
1860
1870
1860
1873
1872
1870
1871
1871
1 860
1871
1 853
1855
1K67
1870
100
50 Ae.
500 Ae.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
1,000
1,000
1,000
1.000
1,000
1,000
l'.OOO
500 Ac.
1,000
A. A
F. A
J.
6
J.
A
6 A 7
7
7
7
|
6,740,3 02
04V
100
7
3>a
rr
i
6 g.
10
7 g.
7 g.
(
5
5
4,695,050
7
591,000
7
8
428,000
321,000
8
8
4
15,500
320,500
8
5,715,000
528,947
1,034,000
20,000 ]). in.
2,500,000
3,500,000
2,250,000
1,600,000
490,000
500,000
350,000
9,000,000
1,500,000
-
S
8
8
8
7
7
7
6
7
7
100
40
1872
1871
'
g.
g.
g.
g.
6
7 g.
7 g.
6 g.
3,000,000
3,159,500
7
21c.
2,200,000
31-2
1,000
1,000
1,000
230,500
1,000
7
209,850
1,300,000
[800,000
7
7 g.
Boston, Clinton & Fitchburg— The stock outstand¬
ing is $872,600. Net earnings for the year ending
September, 1874, $219v767, leaving a surplus for the
year of $25,862 over interest, Ac.
Boston, Concord & Montreal.—Gross earnings for
the year ending with March, 1874, were $687,128;
expenditures, $550,981: not earnings, $136,147.
Boston, Hartford & Erie.—This road has been in
the hands of trustees since
September, 1871,
and negotiations have been pending for a re¬
organization as the New York and New England
Railroad. The successive transactions may be fol¬
lowed up bv reference to the following pages.
(Vol. 18, p. 16, 145, 166, 271, 480, 629; v. 19, p. 61, 246,
422, 477, 584, 631; V. 20, p. 289.)
Boston db Lowell.—'This road is operated with the
Nashua & Lowell, 69 per cent going to Boston &
Lowell and 31 per cent to Nashua & Lowell. (V. 20,
p. 85.)
Boston & Maine.—This road has paid 10 per cent
dividends for some years. Till 1853 there was no
funded debt. Gross and net earnings increased in
1873-4.
(See report in v. 20, p. 14.)
Providence.—Net earnings in
$456,256. The bonds and also $984,000
Boston tC
were
have been issued for
Office.
New- York.
Boston Office.
Boston.
New’ York.
do
1877
1885
1887
July, 1875
July 1, 1875
1889
1893
1884
1873-4
July, 1900
July, 1900
Boston.
J.
J.
O.
O.
N.
N.
N.
1899
Boston, at Office.
do
do
do
do
Boston, at Office.
do
'
50
100
65
A
A
A
A
A
A
A
.
3,000,000
1,000
1,000
A
J.
J.
A.
A.
M.
M.
M.
50
1873
1874
Boston
J.
J.
M. A S.
J. A J.
J. A J.
7
)
3, 1911
April 1, 1911
Get. 1, 1896
J nly
...
7
3
6
7
4
7
5
/
1910
1885
Boston, Kidder, P. A Co April 12, 3 875
A J.
J.
J.
1 ,(H)0,000
040
A
J. A
A. A
M. A
7
6
580,000
950,000
2,000,000
2,296,000
281,500
5,400,000
2,200,000
1,000
Jan., 1877-’79
Meh. 1, 1902
Nov. 16,1874
Boston Office.
J.
do
July, 1876
do
Oct. 1, 1875
O.
do
A.
1891 to’92
J. Boston, Boston N. Bank July 1, 1884
do
J.
do
1889 A ’90
do
O.
do
1881, ’82 A ’83
Nov. 9, 1874
N.
Boston Office.
A
3
7,000,000
2,000,000
4,000,000
500,000
100
1885
1895
1890
Baltimore Office.
London.
Baltimore Office.
8.
Q.-J.
J.
6
7
6
7
8
999,500
1872
Stocks—Last
Dividend.
M. A N.
5
6
200,000
•
J. A I). N. Y., Duncan, S. A Co.
M. A S.
Philadelphia.
do
F. A A.
134
624,000
966,400
273,000
15,0(H),000
5,000,0(H)
5,300,000
3,600,000
3,200,000
1873
Cairo d Vincennes— 1st mortgage, gold..
California Padfie—1st mortgage, gold —
.ngs
*
500
63
into pref. stock (2d series)
5 !r
do
do
do
(3d series)
Income b’ds, eonv. into com. stock (4tli ser.)
o
1st mortgage, eonv., on branch (5tli series).
o 2
Convertible bonds (Otli series)
p
Burl, d Mo. in Neb.—1st M., eonv.,11. g
1 Coup
> may
Bonds, convertible till Jan., 1882
Omaha A 8. W., 1st mortgage, guar
) berg.
Burl, d Southwest.—1st mort., op., maybe reg
Cairo d St. Louis—1st mortgage
Bonds,
1,000
1,000
113
1873-4
equipment mortgage (for $2,000,000)
Preferred stock
1st mortgage on road
1866
A
Bon ds—Princi¬
pal, When Due.
Payable and by
Whom.
A O.
1,0(H),000
1873
86
130
130
&.
6
6
150,000
200,000
Where
A J.
A J. London, Navlor A Co.
A S.
London.
A O.
do
A J. Balt., Mecli’s Nat. Bank
A J. Baltimore or London.
do
A O.
do
A. A O.
N. Y\, Russell Sage.
g.
gg.
6
600,000
800,000
03
03
i’oo
When
Pay’blo
A.
M.
J.
J.
M.
A.
J.
J.
A.
g.
6 g.
8
103,000
665,000
4,790,000
400,000
499,600
1,000
100
100
Consolidated mortgage bonds (for $2,000,000)
Boston, Hartford d Eric—1st mortgage., old
1st mortgage (Berdell)
do
do
guaranteed by Erie
Floating debt
Mass, loan (secured by $4,000,000, Berdell mort.)
Boston d Lowell— Stock
Mortgage, wharf purchase
Bonds
’.
Income and
6
0
6
0
6
6
2,000,000
9,374,112
9,680,000
140,000
3,500,000
3.000,000
1,100,000
995,800
1,0(H),000
499,500
745,000
600,000
20,0(H),000
500 Ac.
stock
do
do
1862
1854
1857
Amount
$1,710,500
par
Value.
UK)
bonds, eonv. (71 miles and 1st 2242)
do
1874-5
1872
1874
1855
1871
1871
1866
oi-
67
Mortgage bonds 1809-70
Boston, Concord d Montreal—Preferred stock
Other stocks, including old dividends A new
1853
1870
1855
DIVIDENDS.
INTEREST OR
Size
tbese Tables*
do
Boston, at Office.
.
New York, Erie RR.
J. A J.
F. A A. N. Y., B’k of Commerce
do
do
J. A D.
J. A J. N. Y., Farm. L. A T. Co.
J. A J.
do
do
M. A N. New- York or London.
F. A A.
do
do
Jan.
Oct.
1, 1875
1, 1879
April 1, 1892
Nov. 14, 1874
Jan. 1, 1893
Nov. 14, 1874
July .1, 1893
1, 1896
Jan.
Dec., 1874
3, 1877
July 1, 1896
Dec.
July 1, 1893
May 1, 1919
Feb., 1902
March 15, 1875
M. A 8.
Boston, Co’s Offieo.
do
do
March 15, 3 875
M. A S.
A. A O. Boston and New’ York. Oct.
3, 1893
J. A J. Boston, by Treasurer.
July 1, 1875
do
J. A J.
do
July 1, 3 878
A. A O. Boston and New York. April 1, 1879
do
do
J. A J.
July 1, 1894
do
do
J. A J.
July 1, 1889
J. A J. Boston and New- York. July 1, 1894
Boston Office.
Jan. 3, 1883
J. A J.
do
June 1, 1896
J. A L>.
M. A N.
Boston, Co’s Office.
May 1, 1895
Oct. 2, 1901
A. A O.
A. A O. New- York and London.
Oct., 1909
J. A J. N. Y., Nat’l Park Bank. Jail. 1, 1889
do
do
1891
J. A D.
J. A J. Phila., Farm. A M. B’k.
Jan., 1893
do
do
A. A O.
Oct., 1879
1897
Phila. and Mt. Holly.
F. A A.
Jail. 1, 1906
Union Trust Co.
J. A J. N.
J. A J.
J. A J. N. Y., No. 4 Broad st.
July 1, 1923
do
do
A. A O.
April 1, 1914
•
M.
M.
F.
F.
F.
Philadelphia.
A
A
A
A
N.
N.
A.
A.
A A.
J. A D.
do
do
do
do
New’ York.
Nov. 16, 1874
Nov. 3 6, 1874
Feb. 1, 3 882
1888 to ’89
Feb. 1, 1910
1901
lington & Quincy, was made in October, 1S72
are same as on Chicago. Burlington &
Quincy stock. (V. 19, p. 350; V. 20, p. 139.)
Burlington db Missouri in Nebraska.—The stock is
$8,583,750. A full report of company’s operations.
&c., to Jan. 1, 1874, w. s given in V. 18, p. 502;
V. 20, p. 289. The land grant has proved very valu¬
able, 527,427 acres having sold for $4,185,818. The
total lands were 2,464,208 acres. Net earnings 1873,
$284,215.
Burlington db Soufhteestem.- Defaulted Novem¬
ber, 1S73. Foreclosure in progress. (V. 19, p. 169,
Dividends
397. 477.)
Cairo & St. Lords.—Defaulted in 1873 by failure
to receive town and county bonds.
No foreclosure.
Road completed February, 1“75.
(V. 18, p. 503; V.
20, p. 266, 313.)
Cairo & Vincennes.—Defaulted in 1874. In
(V. 18, p. 144, 454; v. 19, p. 16.)
hands
of receiver.
California Pacific.
Germany.
comes
of
pending.
-
Bonds are owned chiefly in
Extension bonds of $3,500,010 and in¬
$1,090,000 are in default, and suits arc
A full history will be found in V. 19, p.
16, 167, 246, 270, 477.
Camden & Atlantic.— There is preferred stock of
notes
$837,400, on which dividends of 3lA arc paid. Net
purchase of branch roads.
earnings, 1874, were $241,747.
Camden & Burlington Co.—Leased to United
Companies, at 6 per cent on $382,000 stock.
Canada Southern.—Defaulted January, 1874, and
coupons funded. Road opened in 1674. In October,
1874. floating debt was $2,178,141. (V. 18, p. 14, 526.)
Carolina Central.—A re-organization or the Wil¬
61.)
Buffalo, New York & Philadelphia.—This is the mington, Charlotte & Rutherfurd. Completed Wil¬
Mr. Edward
connecting line of the Philadelphia & Erie with mington to Shelby December, 1874.
Mathews of New York is largely interested. Bonds
Buffalo. In 1873 the net earnings were $48,616.
are held chiefly by friends of the enterprise.
(V.
Minnesota.—Messrs.
Burlington, Cedar Rapids
Henry Clews & Co., New York, negotiated the 20, p. 15.)
Catawissa.—Leased to Phila. & Reading, October,
bonds, and in the panic of 1873 default was made
1872.
New preferred stock to receive dividend of
in i^erest. No litigation has ensued as yet, and
funding is in progress. (V. 17, p. 356, 648, 752; V. 4 2-3 in 1874-5, and 7 in 1875-6 and afterward. See
terras V. 15, p. 491; also, V. 16, p. 517; V. 18, p. 367.)
19, p. 142; V. 20, n. 23\)
Cayuga.—The Cayuga Lake road was sold under
Burlington & Missouri River.—An agreement of
consolidation and a perpetual lease to Chicago, Bur¬ second mortgage, $400,000. (V. 19, d. 270.)
Buffalo. Bradford db Pittsburgh—Under perpetual
$40,600 per year.
Buffalo, New York & Erie.— Leased to Erie in
1863,‘ for 490 years, at 7 per cent on stock and interest
and sinking fund on bonds. In 1873 Erie bought
$500,600 of the stock at $150 per share. (V. 20, p.
lease to Eiie at
Subscribers will confer a great favor by giving
Miles
explanation of column headings, Ac., see notes
first page
on
of tables.
Preferred stock, 7 per cent.
let mortgage
do
~ ~
do
*
Central R. R. d Bank, Ga—Stock
1st mortgage bonds, coupon
Size,
coup.
1804
1860
231
231
291
74
74
iuile
Co.,1st mort.
1st mortgage on San Joaquin Valley Branch, gold
U. S. Loan, (2d lien on certain terms)
Western Pacific, 1st mortgage, gold
do
Government lien
Cal. A Oregon, 1st mortgage, gold (guar by C.P.).
C. P., 1st mort., on C. A O. Br. ($7,200,000 g.)...
San Francisco O. & A., 1st mortgage (1,500,000).
Land bonds on 11,700,000 acres
Charleston Columbia d Augusta—Stock
1st mortgage, (C. A S. C.)
(C. A A.)
consolidated
709,600
F. A A.
F. A A. N.
50Q Ac.
700,000
582,000
500 Ac.
2,332,000
7
7,500,000
1,000
993,000
2,287,000
150,000
5
7
Darlington—1st mortgage
Cherry Valley Shar. d Al.—1st mort., convert..!..
Chesapeake d Ohio—stock
1st mortgage sinking fund gold (for $15,000,000)
1st mort. exten. (2d oil 427 miles) coup, or regd..
Cheshire—Stock, preferred
Bonds, not mortgage
Chester Valley—1st mortgage
Chicago d Alton—Common stock
Common stock, scrip convertible Sept. 1, 1875...
Preferred stock
General mortgage, sterling, for $8,000,000
1st mortgage, preferred, sinking fund
1st mortgage
Income bonds (a 1st lien on income)
Joliet & Chicago, 7 per cent, stock
do
do
1st mortgage, sinking fund
St. Louis Jack. A Ch., 1st mortgage
1st mort. assum. bv C. A A.
do
do
do
do
2d mort. assum. by C. & A.
do
do
2d mortgage
Louisiana & Missouri, 1st mortgage (in progress)
do
do
convertible
Consolidated mortgage coupon, (for $30,000,000)
North Cross R. R. 2d. mortgage, gold
mortgage (Burlington to Peoria)
Cayuga tfe Susquehanna.—Leased in perpetuity to
Delaware, Lackawanna & Western. Dividends, 9
per year.
Cedar Falls <fc Minnesota—Leased to Dubuque &
Sioux City, and sublet to Illinois Central at $1,500
per mile yearly, and a per cent of all earnings over
1,000
7
/
7
100
137
137
137
1218
742
50
1 38
1 52
742
158
7 g.
7 g.
925,000
20,000,000
174,000
5,000,000
4,770,000
10,000,000
....
1855
500 Ac.
1809
1,000
1,000
1874
_
_
1,000
500 Ac.
£200
50
50
1,000
_.
100
1,000
1,000
1805-9
1804
1802
1870
1,000
1869
3,700,000
Q.-F.
7
7
7
7
7
600,000
.
25,885,000
0 g.
0
2.735,000
o g.
1,970,000
0
o g.
o g.
152
152
1808
1872
1,000
1,000
0,000,000
1,060,000
20
1870
1,000
1,000
500,000
8,053,000
1870
do
322
427
A J.
A O.
6 g.
7 g.
7 g.
0
0
8
100,500
1,220,331
2,153,300
8
799,000
1872
049
400
96
500 Ac.
1857
1804
1804
1808
1808
1870
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
100
1858
1858
1873
1,000
1,000
....
A A.
8.
7
7
7
/
8
:
7
6,031,000
4*2 g.
7
This increase in stock, bonds and liabilities is re¬
presented by the following increase in assets:
$3,800,871
Railroad
1,127,879
355,805
Expenditures at Jersey City
1*5,221
Port Johnston Co il Station
Station houses, shops, etc
New equipment
$21,976,508
.de
on
interest
on
this road.
113,400
The
defaul^was
floating debt
$7,379,879, and $2,635, 100 first mortgage
1 $5,988,000
Boston.
J.
do
J.
N.
Philadelphia,
S. N.Y.,M.K.Jesup.P.A Co.
do
do
8.
do
do
8.
J. Lond’n, J,S. Morgan ACo.
N. N.Y.,M.K.Jesup.P.A Co.
do
do
J.
do
do
O.
N. Y. U. 8. Trust Co.
Q.-J.
J. A J. N.Y.,M.K. Jesup.P. A Co.
do
do
A. A O.
do
do
A. A O.
do
do
J. A J.
do
do
J. A J.
F.
1%
19,898,910
2,589,000
....
J.
J.
J.
J.
M. A S. N. Y., Bk. of Commerce.
do
do
J. A J.
do
do
J. A J.
Boston office.
J. A J.j
Frankfort.
J. A J.J
A. A 0. N.Y., N. Bk. of Com’ree.
5
0 g7
7
7
188,000
300,000
2,500,000
941,000
080,000
A
A
A
A
-
5
8
3*2
504,000
‘
AM.
N. Y., Fisk A Hatch.
do
do
do
do
N. Y., Am. Exch. Bk.
do
do
do
do
do
do
7
5
2,305,000
150,000
A N.
A J.
A
A
A
A
A
A
A
A
A
A
0
7
336.000
1,000
M.
J.
J.
J.
J.
J.
J.
J.
J.
M.
M.
M.
M.
J.
M.
J.
A.
2
2,425,400
4,000,000
43,000
2,383,000
1,087,000
1,500,000
1,000
1873
1802
1803
1862
Sept., 1890
April 1,1875
1895 to ’99
July 1, 1884
1899
Jan.
bonds,
second mortgage bonds were pledged
1, 1888
1890
1890
1895
Oct.
1, 1901
April 1, 1888
July, 1888
Dec. 15, 1899
*
7
8,929,900
1,007,900
100
100
100
Feb. 1, 1899
Dec. 30, 1874
Dec. 30, 1874
July 1, 1890
July 1, 1890
do
A O. Philadelphia, Penn R.R.
A 0. CharlesTi, Peoples’N.Bk
do
do
A J.
AD. N. Y., Metropolitan Bk.
500,000
049
Nov., 1902
July 1, 1899
do
.
A.
A.
J.
J.
4,758,000
100
1875
1890
1892
7
8
7
15,000,000
1,000
1,000
July 15,1899
April 15, 1901
April 20, 1875
do
500,000
101,000.
75,000
300,000
'807,000
825
400
400
823
A Hatch.
7
7
,7
1, 1893
Oct,, 1880
A J.
Charlotte, N. C.
A J. N. Y., Nat. City Bank,
A J. N,Y„M.K. Jesup.P. A Co,
21 *2
101
N. Y., Fisk
do
do
do
A J.
15,898,401
04
37
150
J.
J.
J.
500
500 Ac.
100 Ac.
1875
Jan.
U. 8. Treasury.
J.
500
1809
1872
1872
May, 1916
June, 1873
July 1, 1899
N. Y„
7
1,000
1871
1869
1809
Aug. 1, 1894
Fisk A Hatch.
Y., E. Kelly A Co.
7
1,000
1871
1, 1875
Aug. 1, 1891
1883
Oct. 1, 1900
1895 to ’99
N.
2,100,000
1809
1872
Feb.
N. Y., Fisk A Hatch.
U. 8. Treasury.
71,000
1874
38
38
150
37
J.
J.
J. A J.
A. A O.
J. A J.
J. A J.
A.
300.000
220
220
Balt., at B. A O. office.
do
do
S. Balt., West, Natl. Bank.
N. Y., Office 9 Nassau st.
N. Y., Fisk A Hatch.
A J.
A J. Sacram’o State Treas.
J.
902,000
220
A J.
N.
I).
D.
A
A
A
A
do
371,500
100,000
3 2‘2
Q.-J.
J.
M.
J.
J.
M.
Office.
New York, at office.
do
do
do
do
do
do
do
do
do
do
London.
Q.-J.
M. A N.
F. A A.
M. A N.
8
o g.
-
New York,
do
A J.
A. A 0.
2,578,000
195
110
85
21
0 g3
3
0
o go g.
7 g.
7 g.
411,550
2,500,000
54,275,500
25,883,000
1,500,000
1,483,000
6,080,000
1,000
J.
4,445,298
...
mile.
Cedar Rapids A Missouri—Leased to Chicago & Lehigh and Wilkesbarre Coal Co. stock... 5,780,1:38
Northwestern at $700 of first $1,500 gross earnings Lehigh and Wilkesbarre Coal Co. bonds... 4,500,000
Accounts receivable-increase,
less ac¬
per mile; one-third of the next $3,000 per mile, and
counts payable. ;
one-llfth of all above that. (V. 20, p. 162.)
1,242,066
Central Raib'oad A Bank, Ga.—Leases several
Total
$21,976,503
roads, and guarantees $1,492,500 of bonds. Total
net receipts of roads and bank for 9 months 4o (V. 19, p. 246; V. 20, p. 60, 264.)
Central Ohio.—Leased to Balt. & Ohio RR. in 1866
Sept. 1. 1874, $571,2(5. Dividend passed Dec , 1874.
for 21 years, rent 35 per cent of gross receipts for 5
(V. 18, p. 374; V. 20, p. 289.)
Central of Iowa.— Defaulted and in litigation. A years, and 40 after. Pays 6 per cent dividends.
reference to following pages is necessary.
(V. 19,
Central Pacific.—Gross earnings in 1874 were about
p. 61, 117,142, 422, 502, 582; v. 20, p. 15, 85. 235.)
Central of+New Jersey —The annual 'report for $14,234,714, and net earnings $s,467,186. Land grant
is estimated by the company as worth $29,000,000;
1874 Was given in Voi. 20, p. 264, showing
sales of 58,733 acres were made in 1873, for $410,315.
gross earnings of $8,589,630; net, $4,449,029.
Of An abstract of the annual report for 1873 is uiven in
tne consolidated mortgage sufficient will be held
the Chronicle, v. 19, p 156. Third dividend paid
to pay all the prior issues.
This company also April 1, 1875. This company guarantees $1,600,assumes $2,310,000 of Lehigh Coal
& Navigation 000 of bonds of the California Pacific, but denies
Company’s debt and $330,723 of the Railroad Car
(See v. 19, p.
Trust Company. The President, in reviewing the any other liability for that company
156, 246, 350, 582, 617; v. 20, p. 8, 37. 42, 178, 18?,)
progress of the Company for five years, says: “In
five
Charlotte, Colombia A Augusta—Gross earnings
years the gross earnings have increased from
$4,010,121 to $8,589,631, while the net earnings have 1872-3, $752 316; net earnings, $276,386; interest on
risen from $1,367,958 to $4,449,029. This may fairly debt, $191,465. Cost of road
and equipment,
be styled a splendid issue. Much of the success in
$5,017,880.
keeping down expenses has been owing to the sub¬
Chartiers — Leased to Pitts. Cin. & St. Louis, and
stitution of steel rails for iron, and fully as much to
operated by Penn, company. Net earnings to lessor.the careful maintenance of roadway and rolling
Cheraw A Darlington.— Net earnings year ending
stock in first-class condition. The changes made in
Cost of road, $680,000.
five years in the investments of the Company are as Sept. 30, 1874, $20,115.
Cherny Valley, Shar. A Al.—Operated by Dela¬
follows:
ware & Uudson Canal Company for one-half gross
Capital stock, increase
$5,000,000
•nings.
Bonded debt, increase
12,607,900
Bonds of other oompanies assumed
Chesapeake A Ohio.—After the panic,
3,240,723
per
expended
do
Y., Nat’l Park Bank.
F. A A.
do
do
do
do
M. A N.
J. A 1).
Savannah, Ga,
M. A S. N. Y„ Nat, City Bank.
J. A J. New York A Savannah.
A. A 0.
Savannah, Ga.
2*2
£2,000,000
2,437,950
123
Debentures convertible into 2d mortgage
1st mortgage, (Va. Cent. R. It.,) guaranteed by Va,
3d mortgage,
do.
do.
coupon
Income mortgage, (Virginia Central R. R.,) coup.
Funded interest, coupon bonds
Income bonds (for funding)
Chicago, Burlington & Quincy—Stock
1st mortgage, sinking fund, (trust)
1871
1867
28
40
40
2d mortgage
Undivided profits
Jan. 3, 1875
N.Y., J. S. Kennedy A Co April 30, 1884
Jan. 1, 1907
do
do
Feb. 1, 1875
Boston, Treasurer.
A. A O.
J. A J.
7
-
Dividend.
A J. New York, 44 South st.
J.
3*2
0,850,400
500 Ac.
1872
1874
195'
Mortgage for $1,000,000
Chartiers—lst"mortgage.
$3,500
Whom.
7
7
1
1,334,000
1869
7
guar—
Bonds, (formerly convertible into U. S. bonds)
Trust
When
Payable
4*2
.
1872
97
Central Ohio—Common stock
Preferred stock
1st mortgage bonds
Central Pacific—Stock
1st mort., gold, (sinking fund, $50,000 per year).
Subordinate Lien, California State aid, gold
Cheraw d
Rate per
Cent.
$198,000
500 Ac.
500 Ac.
100
100
500 Ac.
.
■
Newark & New York, 1st mortgage
do
Outstanding
1870
gold, coupon
Mortgage bonds
Bonds (controvertible Nov., 1875 to 1877)
Consolidated mortgage (for $25,000,000)
New
Bonds—Princi¬
pal, When Due.
Where payable, and by
Slocks—Va&t
300,000
Central of New Jersey—Stock
2d mortgage (now 1st)
do
Value.
Amount
100
1801
1803
1866
Bonds for steamships
Central of Iowa—1st mortgage
2d mortgage, gold, $4,000 per
Lehigh A Wilkesbarre Coal
or
par
$100
14
01
274
128
70
58
146
192
192
015
.
($5,000,000)
Date
of
of
Road. Bonds
Cayuga & Susquehanna—Stock
Ceciar Falls &*Minn.— Bonds on 1st div. sink. fund..
Bonds on 2d division, sinking fund
Cedar Rapids <& Missouri—Common stock
General mortgage (joint) bonds
Macon & Western bonds
Immediate notice of any error discovered In these Tables.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
[April 3, 1875.
RAILROAD STOCKS AND BONDS
XY1
as
collateral.
do.
A large
do
Nov.. 1899
July 1, 1902
July 1,’77 to’92
1880
1884
1876
•
1877
1893
Jan. 15, 1875
1875 A 1880
May, 1872
3, 1875
Mar. 3, 1875
Mar. 3, 1875
Oct, 1, 1903
Nov., 1877
Jan., 1893
Jan., 1883
Mar.
April 18?5
July, 1882
April, 1894
April 1,1894
July, 1898
July, 1898
Aug., 1900
Mar. 15,1875
Jan. 1, 1883
Jan. 1, 1883
July 1, 1903
July 1, 1890
Oct.
1, 1890
proportion of creditors have
annual
The
president
assented to the funding proposition. The last
report was quoted in v. 20, p. 42 and 288pres¬
ident’s report saj^ of the funding: “ Your
and board of directors deem it proper to say in this
connection that the future of this great enterprise,
which has cost so much labor and so much money,
and in which so vast interests are involved, depends
the final decision of those bondholders and
have not yet assented to the
proposed terms of settlement.’’ See also p.162,184.
Cheshire.—Net income. 1873-74, $184*295.
Divi¬
dends, 4 per year. (V. 18, p. 295.)
Chester Valley.— In hands of trustees and leased
to Philadelphia & Reading.
now
upon
other creditors who
Chicago A Alton.—The report for 1874 is given at
v. 20, p. 265, and shows gross earnings of
$5,126,228, and net earnings of $2,224,816, against
$2,121,286 in 1873. Joliet & Chicago RR. is leased for
interest on stock and bonds.
St. L., Jack. & Chic.
Railroad leased at $240,000 per year. Louisiana &
Missouri Railroad built and operated under con¬
tract.
(See v. 19, p. 479.) Of new mortgage made
in 1873, $3,470,000 is to retire old bonds and balance
for steel rails and other improvements.
(V. 18, p.
350: v. 19, p. 16, 479; v. 20, p. 176, 265, 289.)
length in
Chicago, Burlington A Quincy.—A
perpetual lease
18*2.
1874 were
of the Burl. Mo. River road was made in Oct.,
Gross earnings of the consolidated line for
$11,645,317; expenses, $6,513,512; net earnings,
$5,131,805.
The gross earnings for 1874 were $11,645,317, against $11,405,225 for 1873— an increase of
$240,091 50. Operating expenses were $6,513,512 89,
including taxes, against $6,434,767 82 in 1873—show¬
the year over that
The Chicago, Bur¬
lington & Quincy leases or extends aid to numerous
ing a gain in the net earnings of
of rhe previous one of $161,347.
branch roads, giving ihem a traffic guarantee (usual¬
ly 40 or 50 per cent) for purchasing their bonds.
Enough of the consolidated moitgage is reserved
to take up prior debts.
A change of directory was
made in March, 1875. (V. 20, p. 15, 37,60,184.)
RAILROAD STOCKS AND BONDS
April 3, 1875.J
by giving Immediate notice of any error
Subscribers will confer a great favor
DESCRIPTION.
For
Date
of
Bonds
explanation of column headings, Ac., see notes
on
first page
Chicago, Burlington d
of tables.
Quincy—(Continued)—
(coupon or registered).^
Plain bonds
Carthage & Burlington, 1st mortgage
Dixon Peoria & Hannibal, 1st mortgage....
American Central, 1st mortgage
Peoria A Hannibal, 1st mortgage
Ottawa, Oswego A Fox River, 1st mortgage
Illinois Grand Trunk, 1st mortgage
Quincy A Warsaw, 1st mortgage
—
Chicago d Canada
40
51
|
31
70
44
40
X
—
Keokuk A St. Paul, 1st mortgage.
43
.
Southern—1st mort., gold
1872
1869
1869
1868
186S
1870
1870
1870
1869
1872
32
eS'C
S
.
1867
1871
73
60
114
32
131
80
82
82
82
195
195
195
52
Indiana exten., 1st mort., gold (2d mort on 114m)
Chicago, Dubuque & Minnesota—1st mort
Chicago d Ioica—1st mort., coup,, may be reg—
Chicago, Ioica d Nebraska—Stock
Milwaukee A Western
St. Paul A Chic. 1st mort. (conv.
1st
1st
Chicago d Northwestern— Common
1,000
500 Ac,
1,000
947,000
728,000
500 Ac.
819,000
1,000
1,000
4,350,000
1,750,000
3,838,200
568,200
1870
1871
1872
100 Ac.
500 Ac.
1,000
1,000
1,000
1,000
Preferred stock
Bonds, pref. (sink’g fund), 1st mort., Chic, to Osh.
Interest bonds, funded coup., 2d in., Chic, to Osh.
1st mort., general, 3d mort., Chic, to Oshkosh
Appleton exten., 1st mort. on 23 miles and land..
Green Bay exten., 1st mort. on 26 miles and land
1st mort., Galena & Chicago Un. RR. extended...
Cincinnati, Hamilton d: Dayton—Stock.
1st mortgage of 1863
1865
2d
do
3d
do
1867
Cin. Ham. A I, (Junction) RR., 1st mort., guar...
Cincinnati, Lafayette d Chicago—1st mort., gold ....
Consolidated mortgage—
—
.
latest rumors
this road were given in v. 19, p. 502.
Chicago & Canada Southern.—The
of progress on
Louisville.--No informa¬
Chicago, Cincinnati &
tion furnished.
Chicago, Clinton & Dubuque.—This
and was the subject of the
the Chicago, Burlington A Quincy
in 1870,
road defaulted
difficulties of
with Mr. Joy.
(V. 20. p. 85, 184.)
r
Chicago, Danville
&
made in 1873, and coupons
litigation
was
Vincennes.—Default was
mostly funded. Recently
commenced and a receiver
The managers
charge that the suit
The plaintiff charges fraud and a ‘
the managers. Net earnings in 1874
(V. 20, p. 15, 42, 60, 241, 266, 289, 313.)
Chicago, Dubuque &
appointed.
is malicious.
ring” against
were $330,515.
Minnesota.—Dfaulted De¬
cember, 1873, same as Chicago Clinton & Dubuque.
(V. 20, p. 85,139, 184.)
Chicago & low r.—Has a traffic guarantee of Chic.,
Burlington A Quincy 40 per cent for purchase of
1873
1873
1866
1,000
1,000
£100
1,000
1,000
230,500
.7
234,000
4,000,000
1,000
1,000
245,000
3,500,000
14,993,060
21,484,113
1,242,700
743,300
3,588,000
147,000
282,000
1,693,000
854,000
1859
1862
1859
193
193
193
23
1862
1853
1855
26
248
248
190,000
1,008,000
2,500,000
Ac.
Ac.
Ac.
Ac.
1,000
1871
306,000
3,150,000
1,642,000
1863
1865
1867
1872
1871
1874 !
7
2,700,000
8,995,000
2,750,000
1,145,000
1,000.000
2,304,000
8
8
700,000
300,000
1,000
4
1,250,000
1,000
7
7 g.
7 g.
4
7
7
500,000
1,000
400,000
8
1,120,000
1,000
471.000
’■
7 g.
7 g.
Division mortgage falling due November, 1874.
Of the consolidated mortgage enough is held to
take up prior debt; each bond carries 10 shares of
ern
scrip preferred stock. The dividend on preferred
March, 1874, was paid in these bonds. Earn¬
ings during 1874 were not reported, and the extent
to which the company suffered from depressed busistock
and low rates is not known. Dividends have
been paid since 1869—on preferred stock in 1874 7
in bonds, 1873, 7, 1872 7, 1871 7, lb70 7 and 3 scrip;
on common stock in 1871 7 scrip, 1870 3 cash and 7
scrip. (V. 19, p. 38. 375; V. 20, p. 60, 163, 18 i)
nes-
Chicago & Northwest.—The fiscal year ends with
May. The last annual report will be found in the
Chronicle, v. 19. p. 375. Lands of the company are
2,105,142 acres, but they have not yet b"en put in
work done
finished for
the present.
The nominal surplus balance May
31, 1874, was $2,119,346. Operations for the last six
fiscal years compare as follows:
market. With the completion of the
the company’s projects were said to be
Gross
Chicago, Milwaukee & SU Pag?.—The last annual
report (for 1813) is given in Vol. 19, p. 39. The
following is a comparison for three years:
1873.
1,399
.
1871.
1872.
1,283
.
.
.
Expenses
Net
and taxes.
$14,351,523
12,736,607
11,402,161
11,694,914
$9,275,849
8,178,237
earnings.
$5,075,673
4,569,370
4,592,135
6,810,026
5,383,408
6,311,506
4,622,111
12.535,428
8, >13,317
7,924,520
H,016,823
13,941,343
An official circular, March, 1875. gave the following:
.
.
...
.
...
.
“The trust deed of the gold loan provides contin¬
gently for a possible issue of $48,000,00;), by ulti¬
mately absorbing all the other bonds and also 'll
subsequent issues, including all the bonds of the
proprietary roads of the company, to 'ether aggre¬
gating $35,349,000, wliich amount is reserved from
1,018 the $48,000,000. The residue of the gold loan, viz.,
$22,649215, $12,f>51,000, represents all the additional indebted¬
18,151,339 ness resulting from the mortgage
The total of
6,69^,695 ! bonded debt which will be reached by reason of the
3.850,354 ! issue of $12,651,00) of gold bonds, will average
2,840,241 I $29,704 per mile on the present consolidated prop¬
$ >4,224,331
23,986,023
26,287,610
6,957,771
9,046,123
Earnings
4,695,615
6,594,560
Op. expenses.
Net earnings.
2,262,155
2,451,663
4n extension for 10 years was asked op
$27,673,744
1873-74..
1872-73
1871-72....
1870-71....
1809-70
1868-79
do
do
do
do
do
1893
1884
Nov., 1874
do
do
Dec., 1870
do
Dec., 1870
1897
do
1898
do
1898
1873
1891
New York, Office.
J. London and New York.
Jail., 1902
the East* erty, consisting of $17,737 per mile, of liens of snn- 1
New York Office.
St. rani RR.
A I).
A
J. A
J. A
F. A
A. N. Y., Mil.
D. New York,
D.
A.
do
M. A N.
F. A A.
F. A A.
F. A A.
F. A A.
M. A N.
J. A J.
J. A J.
M. A S.
do
do
*
-
Q.-F.
J. A J.
A. A O.
J. A J.
J. A I).
J. A I).
J. A J.
M. A N.
J. A D.
A. A O.
A. A O.
....
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Fob.
.
1885
May, 1883
1885
1885
1885
1882
1875
1884
1878
1898
1915
Jim.
1888
April; 1911
1898
June 1, 1911
Dec. 1, 1902
do
Doc.
'
do
do
do
1, 1916
Oct.,
1900
....
A J.
A A. N. Y., Farm. L. A T. Co.
A O.
A O. New York, Co.’s Office.
do
do
J. A J.
do
do
M. A N.
do
do
J. A I).
A. A O. N. Y., Winslow, L. A Co.
do
do
M. A N.
do
do
J. A J.
do
do
J. A D.
J.
F.
A.
A.
July 1, 1903
Aug. 1, 1901
1891
April 27, 1875
1896
Nov., 1890
....
April, 1873
May 1, 1880
July 20, 1885
June,
1877
....
.
S. N.Y., J.S.Kennedv
do
do
A J.
M. A
J.
1883
1896
Doc. 28, 1872
July 15, 1873
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
•
June 1,
Co.’s Office.
do
7
1,846,000
1,000
<**
8
7 g.
7
1,350,000
3,500,000
Nov., 1891
Sept. 1, 1892
Jan., 1871
Mi ll. 2, 1874
Jan. I, 1904
J.
A
F.
7 g.
7
7
7 g.
10
4,375,000
June 1,
....
J.
earnimrs.
Chicago, Ima & Nebraska.—Leased in perpetuity
to Chicago A Northwestern, at 37)£ per cent of
gross receipts.
Chicago & Michigan Lake Shore— The first mort¬
gages, main line, have traffic agreement from Michi¬
gan Central. In default for interest since July, 1873,
except on first bonds $477,000. (V. 17, p. 188, 211; V.
18, p. 14; V. 19, p. 247; V. 20, p. 60, 312.)
3,530,000
1, 1896
April, 1909
....
7
7
7
7
7
7
6
7
7
7
7 g.
7
24,999,700
9,000,000
5,000,000
1,000,000
3,500,000
1,000
A A.
A
7
7
190,000
128,000
331,000
100
250
50
60
60
60
60
98
75
75
....
J.
31-2
3^
.
Jan., 1887
June
do
do
do
do
do
do
do
do
do
do
do
do
....
7 g.
7
7
10
7
April 1, 190*2
New York, Office.
J.
J.
J.
J.
().
N.
J.
7
1,350,000
do
do
A A.
A S.
7'3
1,315,000
100
100
500
500
A
A
A
A
A
M. A
J. A
F.
F.
M.
J.
8
3,674,000
1878
April, 1912
1896
July 1, 1901
J. A J. Boston, l>y Treasurer.
Jan. 1, 1875
J. A J. Boston, Merchants’ B,k. July 1, 1888
F. A A. New York, Park Bank. Aug. 15, 1892
M. A S. N. \r., Farm. L. A T. Co.
Sept. 1889
J. A J. Bost., I. Livermore, Tr.
July, 1890
M. A N.
M. A S.
>
1878
do
do
().
1896
1879
1889
1900
Oct., 1890
July, 1890
April, 1879
A 1). Bost., C., B. A Q. Office.
J. A J. New York and Boston.
J.
J.
J.
A.
5,527,000
1,191,000
781,500
3,810,000
do
do
do
do
New York and Boston.
Boston.
New York and Boston.
J,
J.
900.000
100
100 Ac.
A. A
7 s.
1,000
J.
A J. i
Boston.
A O.
A. A 0. ! N. Y., Union Trust Co.
Farm. L. A T. Co.
J. A J. N.
J. A D. Bost., C., B. A Q. Office.
A. A 0. New York, Co.’s Office.
7 Ms.
7
7
7
8
7
7
7
15,399,261
12,274,483
100
1872
bonds.
Miles
Stock
Debt
8
8
8
8
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1874
1,459
mort., gold (guar in cur)...
mort,, gold, not guar
7
7
1,350,000
1,280,000
1,000
2d mortgage, Galena A Chicago Un. RR
1,000
Mississippi River Bridge b’ds, lien on net earnings
500 Ac.
Elgin & State Line Railroad bonds
1863
74
1,000
1st mort, (Peninsular RR.) on roads and lands...
1865
779
1,000
Consol, sink’g f’d bonds, (subord. lien on 776 m.).
1863
46
1,000
1st mortgage (Beloit A Madison Railroad)
500 Ac.
126
1871
Madison extension, 1st mort., sinking fund, gold.
1.000
85
Chicago A Milwaukee, 1st mortgage, 2d lien
500 Ac.
1871
120
Menominee extension, 1st mortgage, gold
500 Ac.
1872
Gen, cons, mort., gold, coup, or reg. ($48,000,000) 1,689
1,000
137 1870-1
Winona A St, Peter, 1st mort., guar by Chic. ANW.
137 1871-1
1,000
2d mort.,
do
do
do
100 Ac.
1871
175
do
1st mort. exten, land gr., s. f.
28
1870
1,000
La Crosse, Tremp. A P. 1st mort,, guar. C. A N.W.
1870
75
1,000
Iowa Midland, 1st mort., guar, by Chic. A N. W..
62
1872
Northwestern Union, 1st mortgage, gold
1873
1.000
156
Chicago d Paducah—1st mortgage
1871
1.000
70
Chicago, Pekin d Southwestern— 1st mortgage
1871
64
1,000
2d mortgage
100
674
Chicago, Rock Island d Pacific—Stock
1866
359
1,000
1 st- mortgage, sinking fund
1869
100 Ac.
Chic. & S’western, 1st
Chic. A S’western, 1st
8
4
100
100
1,459
stock
7 g.
8
3,523,000
J.
1,
May,
July,
July,
July,
July,
A.
7 g.
211,500
477,000
Jan.
J.
Boston, Co.’s office.
N. N.Y., N. Bk. of Com’ree.
do
J.
do
J.
8
18,500 p. m.
1863
1869
A
A
A
A
A
J. A J.
A. A O.
7 g*
7
1,000,000
1,500,000
Stocks— Last
Dividend.
Whom.
J.
8
8
2,500,000
500 Ac.
Payable
J.
M.
J.
J.
8
pal, when Due
Where Payable, and by
8
598,000
034,000
1,000
1,000
I860
Bonds—Princi¬
When
7
8
8
8
8
411,000
1.000
1,000
100
197
Western Union, 1st mortgage
Rate per
Cent.
3,648,675
398,000
655,000
1,000
500 Ac.
500 Ac.
1872
75
85
Equipment and bridge bonds
Amount
Outstanding
1871
1871
1872
mortgage, Chicago line
or
Par
Value.
2,500,000
130
topref. st’k
mortgage, Hastings A Dakota
i
Size,
discovered in these Tables.
INTEREST OR DIVIDENDS.
1,000
1,000
1869
mortgage (now 1st)
do
(now 2d)
f Coupon,
Chic. dMich. L. Shore— 1st mort..
1st mortgage
— )
hut
1st mortgage
1 may be
1st mortgage, on branch
— { registered
1,395
Chicago, Milwaukee d St. Paul--Com. stock
1,395
Preferred 7 per cent stock
1,395
Consolidated mortgage (for $35,000,000)
370
1st mortgage
370
2d mortgage
1st mortgage, Eastern division (Palmer)
220
1st mortgage (Iowa A Minnesota)
49
1st mortgage (Minnesota Central)
i.
l.st mortgage (Iowa A Dakota).
cS c
235
1st mortgage (Prairie du Chien)
235
2d mortgage (Prairie du Chien)
—..
Milwaukee city loan
2d
3d
XVII
Moll. 1901
Nov. 1. 1914
A Co.
dry prior mortgages to which the gold loan is sub¬
ject, and $11,967 per mile of the gold loan lien. The
cost of the Chicago A Northwestern road and equip¬
ment, as represented by stock and bonds at the elose
of the fiscal year, on the 3!st of May lasr, averaged
$57,802 per mile, being nenrlv double the amount
of bonded d* bt per mile crcat'-d on the property.”
Dividends have been paid—July, 1873, 3>£ on preferrel; December, 1872, 3# on both; June, 1872,
V4 on preferred: December, 1871, 3% on preferred;
.Tune, 1871, 5 on both; December. 1870, 5 on both;
June, 870, 2 on preferred; December, 1869, 5 on
preferred, 4 on common: June, 1869, 5 on both; De¬
cember, 18'i8. 5 on both.
p. 295, 375 518; V. 20. p.
(V. 17,
p.
136. 18 L)
Chicago & Paducah.—This road
163, 481; V. 19,
was
completed
in
July, 1874. (V. 19, p. 16.)
Chicago, Pekin & Southwestern.—Opened in 1873.
Gross earnings first half of 1»74, $66,346; net,[$33,720.
Chicago. Rock Island & Pacific.—Net receipts in
ending April 1. 1874, $3,256,684, against
$3,139,267 in 1872-73. The income account for year
was as follows :
Net earnings, $3,876 889; interest
on loans,
premium, Ac., $85,370—total, $3,256,684.
Payments out of income—Intere-t on funded debt,
$629,125; dividends (4 per cent April 26 and Nov. 26)
8 per cent, $1,659,172; rent of Peoria A Bureau
Valley Railroad Co., $125,000—total payments from
income, $2,413,297.
Surplus of the year, $843,387;
balance of income account, April 1, 1873, $4,589,683;
balance of iucome account, April 1, 1874, $5,433,070.
Chicago A Southw( stern road is leased and
interest
guaranteed on $5,000,000 bonds; the
others are in default.
The last report was in V.
year
19, p. 1 ft.
Cin/ionali, Hawi’foa d Dayton.—Leases the Dayton A Michig in and ( incinnati Rich. A Chicago.
See report in V. 19. p. 182, showing net earning of
$126,216 in 1873-74. (V. 18. p. 248; V. 19, p. 183.)
Cincinnati, Lafayette & Chicago.—Lafayette, Ind.,
Ill. Gross earnings year ending July
1, 1874, $438,595; net, $234,711,
to Kankakee,
xviii
RAILROAD STOCKS AND BONDS.
Subscriber)! will confer a
great favor by giving immediate notice of any error discovered in these TtH
DESCRIPTION.
For
Miles
Date
of
of
explanation of column headings, Ac., see notes
Road. Bonds
on first page of tables.
Cin. <C Martinsville—1st mort.,guar
Cincinnati
d-
38
148
by lessees
Muskingum Valley— 1st mortgage
1865
1870
1866
1869
1871
30
30
00
Cin., Richmond d Chicago—1st mortgage
2d mortgage
Cin., Richmond if-. Ft. TT.—1st mort., gold, guar
Cincinnati, Sandusky it Cleveland—Stock
Mortgage bonds, Sandusky, Dayton A Cincinnati
1866
1852
1867
1871
1871
1 872
1871
do
do
Sandusky city & Iml
Cincinnati, Sandusky Sc Cleve...
Columbus, Springfield & Cincinnati—1st mort
Cincinnati d Springfield— 1st mortgage, guar
2d mortgage
Cin., IFaft. it Mich—1st M., end. by E. S, A M. S
Cleveland, Columbus, Cincinnati it hid.—Stock..
1st mortgage (C., C. A C. RR.) $25,000 a year
do
(Bel. A Ind.) exeb. for new mort...
do
new, sinking fund
..
Consolidated mortgage (for
$7,500,000)
Mahoning Valley—Stock
45
so
48
81
138
202
300
300
Cleveland it
07
07
35
145
Columbus Extension
1 873
1857
1870
1870
1871
ioo
Pittsburgh—Guaranteed stock
100
18
mortgage, sinking fund bonds
1st mortgage, Logan Sc Straitsvilie Branch
2d mortgage bonds
Columbus, Chicago d- Indiana Central—Stock
1st mortgage (Columbus, Chic. & Ind. Central)...
do.
(Chicago A: Great Eastern)
do
do
2d
1870
70
13
80
1 st
1868
80
80
Columbus it Hocking Valley—Stock
do
do
1873
‘
Colcbrookdale—1st mortgage
('(dorado Central—1st mortgage, convertible
do
1 862
1867
1867
1 870
1872
587
$400,000
1,500,000
7
7
560,000
7
....
....
....
....
....
1,000
1,000
1,000
(Columbus A Indiana Central)
(Union Sc Logansport)
(Toledo, Logansport Sc Burlington),
(Columbus Sc Lid. 1st and 2d pref.)
Connecticut it Passumpsic—Stock
New mortgage (for $1,500,000)
1st mortgage, sinking fund
Notes, coupon
Massawippi stock,
by Conn. A Pass
do
bonds,
do
do
Con nccticut River—Stock
1st mortgage (sinking fund now $148,031)
Connecticut Valley—1st mortgage
Connecticut Western—1st mortgage
Connecting (Phila.)—1st mortgage
Cumberland d- Pennsylvania—1st mortgage
1,000
1,000
2,967,000
1,000
500 Ac.
500 &e.
500,000
1,000
1,000
1,000
1,000
1,000
100 Ac,
1,000
50
500 Ac.
1,000
1,000
1,000
guaranteed. Deficit to lessees in 1873 was $143,803.
Cincinnati,
Richmond <4*
Chicago--Was leased
Net
in I860 to the Cincinnati Hamilton A Dayton.
income above interest, 1873-4, $14,810.
Cincinnati, Richmond cfc Fi-rt Wayne.—Leased to
Grand
Rapids for 00 years.
gnarante d by Grand Rapids,
Interest
on
bonds is
Cincinnati Hamilton
& Dayton, and by Pennsylvania Co.
(V. 20, p. 15.)
Cincinnati. Sandusky d- Cleveland.—In the year
ending June 30, D74, gross earnings were $800,351:
expenses. $543,170; net earnings, $207,171, or just
about sufficient to pay interest rentals and divi¬
dends on preferred stock.
Cincinnati 4* Springfield.—Leased in perpetuity
Clev. Col. C. & I., with guarantee of interest;
on first mortgage half of interest is also guaranteed
to
by Lakj Sh. & M. 8.
Cincinnati, Wabash & Michigan.— Eighty-one
miles completed January, 1874.
Bonds endorsed
by Lake Shore & M. S.
Cleveland, Columbus, Cincinnati & Indianapolis.—
The latest report (six months later than the last
annual) is given in the CnnoMCLE, V. 10, p. 270,
Net earnings first six months of 1874, $347,500,
against $703,405 in 1873. By the annual election,
February, 1875, the Atlantic A Great Western con¬
trol was not continued. (V. 18, p. 248, 200, 374; V.
20, P. 211.)
Cleveland cf- Mahoning Val'ey-AVas, leased to At¬
lantic A Great Western, but that company defaulted
o:i the rent.
See V. 17, p. 512; V. 20, p. 85, 139.
Cleveland, Mount Vernon d Delaware.—This com¬
pany defaulted July, 1874; and the Pennsylvania Rail¬
road owns much of its stock.
Made a compron is;
with its bondholders, by which all the coupons cue
July, 1874, and one-hair of coupons from January 1,
1,350,000
950,000
11,243,002
1,096,000
2,736,000
1,200,000
584,000
615,000
1,854,450
1,500,000
300,000
199,000
13,328,568
10,428.000
451,000
2,632,000
775,000
531,500
309,500
74,024
41
144
110
110
44
08
7
38
7
7
7
7
7
7
7
7
7
10
7
7
7
7
5
31*
2,175,500
3
603.500
7
6
7
3
1869
1,000
IOO
•
1 858
1871
1870
1866
1868
100
500 Ac.
1,000
1,000
1,000
50
500 Ac.
5<)0 Ac.
100 Ac,
’60-'72
1868
1869
1871
100
100 Ac,
200 Ac.
1,000
1,000
400,000
400,000
2,100,000
250,000
1,000,000
2,686,000
906,000
803,500
648,000
1,777,850
161,000
100,500
81,800
600,000
500,000
1,400,000
2,000,000
20,000 p. m.
6 g.
5
6
7
7
6
6
6
5
S
8
6
.
1*2
7
7
7 g.
7 g.
50
1856
1867
1,259,800
o
1,000
1,931,000
1,000
445,000
7
7
Where
Payable aud by
Whom.
A A. New York, Co.’s Office.
A J. New York, Moran Bros.
A J. N. Y., Winslow, L. A Co.
do
do
A J.
A D.
New,York.
Stocks—Last
Dividend.
July, 1905
Jan., 1901
July, 1895
Jan. 1, 1889
June, 1921
Boston, Office.
O
291,500
634,500
F.
J.
J.
J.
J.
A
A
A
A
M. A
A. A
do
do
do
N.
A.
S.
do
do
do
Nov. 2, 1874
D. N. Y., Union Trust Co.
do
do
S.
O. N. Y., Union Trust Co.
Aug. 1, 1900
Sept. 1, 1877
Dec, 1, 1890
Sept. 1, 1901
April 1, 1901
1902
J. A J.
F. A A.
3*3
7
J. A D.
7
J. A J.
7
M. A N.
7 or 6 g. J. A I).
31o
M. A N.
7 g- F, A A.
7
M. A S.
7
J. A J.
7 g. J. A J.
7 g.
1*4
Q.-M.
6
J. A J.
7
M. A N.
7
J. A J.
6
J. A D.
8 g. J. A D.
5
F. A A.
7
A. A O'.
7
J. A J.
7
J. A J.
302,000
1,500,000
350,000
1873
1856
’66-’71
When
Bonds—Princi¬
pal, When D; e.
OR DIVIDENDS.
Pay’ble
M.
F.
M.
J.
7
7
7 g.
1,786,200
100
100
100 Ac.
100 Ac.
100 Ac.
52
117
170
142
111
141
3
3
6
7
7
7
1.000
50
35
38
38
50
50
7
7 g-
50
70
55
33
33
51
Cincinnati & Muskingum Valley.-Is leased for 09
from 1873 to Pittsburg Cincinnati and St.
Louis for its net earnings, but bonded interest is
2.500,000
2,759,200
630,000
487,900
166,500
341,400
3,750,000
2,554,000
Danbury d- Xorwalk—Stock
1st, 2d and 3d mortgages
Danville, Hazleton d- Wilkesbarre—1 st mort
Danville, Vrbana, PI'ton d Pekin—1st M., gold
Davenport d St. Paul—1st mortgage, gold
Dayton d Michigan—Pref. stock, guar. C.II.A D
1st mortgage, sinking fund, $30,000 per year
2d mortgage
years
453,000
821,000
38
82
52
Cincinnati & Martinsville.—Recently leased again
Cincinnati A Lafavette. (V.
2,000,000
411,000
217,750
2d mortgage, sinking fund, (guaranteed)
Cumberland Valley—,Stock ($494,000 preferred
1st mortgage
2d mortgage
Common bonds
to the Indianapolis,
20. p. 280.)
1,072,300
1,000,000
249,000
1865
'
guar,
429,037
990,000
350,000
500
(Cincinnati &'Chicago Air Line)
mortgage (Columbus Sc Indiana Central)
do
(Indiana Central)
do
(Chicago A Great Eastern construe.)
do
(Columbus, Chicago Sc, Ind. Central)
do
Income convertible
do
Income (Toledo, Logansport & Burlington)
Columbus it Xenia—Stock
1st mortgage
Co n co rd—Stock
Concord if- Portsmouth—Stock
65,000
1,800,000
4,005,750
1,200,000
14,991,692
IOO
1868
Rate per
Cent.
1,000
1,000
1,000
50
100
Consolidated sinking fund mort. for $5,000,000..
Construction and equipment bonds
Outstanding
$1,000
50
4th mortgage (now 1st)
-
1860
1864
1869
1871
’
Sinking fund, 3d mortgage (now 2d)
Niles A New Lisbon, 1st mortgage*
Cleveland, Ml. Vernon if- Del.— 1st mortgage, gold
INTEREST
Amount
IOO
471
Cleveland it
1st mortgage, extended
Size or
par
Value.
50
50
171
171
Preferred stock
1st mortgage,
April 3, 1875.
N. Y., Union Trust Co.
N. Y., U. S. Trust Co.
do
do
do
do
*
do
do
New York or London.
Cleveland Office.
N. Y., Ward, C. A Co.
Cleveland, at Office.
N. Y., Union Trust Co.
N. Y., Lawrence B. A Co
Pittsburg.
N. Y., Farm. L. A T.
do
do
do
do
do
do
Co.
Phila., Co.’s Office.
Boston, Treas.’s Office.
N. Y., St.
do
do
Nieii.
Nat. B’k
do
do
July 1, 1891
Feb. 1, 1875
June, ’75 to ’84
Until 1899
May, 1899
June
1, 1915
May, 1874
Aug. 1, 1893
Sept. 15, 1876
Jam, 1890
Jan. 1, 1900
Jan. 1, 1901
March 1, 1875
Jan.,
1,
1,
1,
1,
2,
1,
July 1,
Jam 1,
Nov.
Jan.
June
June
Feb.
Oct.
1892
1900
1913
1898
1890
1875
1897
1880
1892
A. A O. N.Y., St, Nich. Nat. B’k.
April, 1908
do
do
1893 to ’95
Various
do
do
J. A J.
Nov., 1904
do
do
A. A ().
Dec., 1905
do
do
F. A A.
Feb., 1884
do
do
J. A J.
Dec., 1883
do
do
Various
1886 to’90
do
do
M. A N.
Nov., 1904
do
J. A J.
do
Jan., 1882
do
do
J. A J.
F. A A.
do
do
do
do
F. A A.
Feb,, 1890
F. A A.
do
do
Columbus Treasury.
March 10, 1875
Q.-M.
M. A 8. N. Y., Am. Exeb. N. B’k Sept. 1, 1890
M. A N. Boston, Tower, G. A Co. Nov. 2, 1874
Boston.
J. A J.
Jan. 1, 1875
Boston Office.
F. A A.
Feb. 1, 1875
do
A. A O.
April 1, 1893
do
Dec. 1, 1876
J. A I).
do
Various
1876 to’81
do
Feb. 1, 1875
F. A A.
do
J. A J.
July 1, 1889
J. A J. Boston, Bost.A Alb. RR. Jan. 1, 1875
M. A S. Boston, Globe Nat. B’k. Sept. 1, 1878
J. A J. N. Y., Am, Excli. N. Bk. Jam 1, 1901
J. A J. New York and Boston. July 1, 1900
M. A S.
1900-’l-’2-’3-’4
Philadelphia.
M. A S. New York, Co.’s Office. March 1, 1891
do
do
M. A N.
May 1, 1888
A. A (). Phila. and Carlisle, Pa. April 1, 1875
A. A 0. Phila., T. A. Biddle A Co April 1, 1904
A. A O.
do
do
April 1, 1908
Jan. 1, 1884
A. A O.
do
do
Q.-M. New York and Danbury Dec, 20, 1874
J. A J. New York, 18 New st.
1880, ’90, ’92
Phila, Penn. RR. Co.
Oct. 1, 1888
A. A O.
A. A O. N. Y., Farm. L. A T. Co.
April, 1909
A. A O. N. Y., Lond. A Frankf’t.
July, 1911
NT. Y., Winslow, L. A Co. Jail. 6, 1875
Q.-J.
do
do
J. A J.
July, 1881
M. A S.
do
do
Sept,, 1887
.
1875, to and including July 1, 18 >7, are to be post¬ by Pennsylvania Railroad, and the terms are 8 per
poned for ten years to January 1, 1885, and the re¬ cent on stock and interest on bonds.
Concord.— Pays 10 per cent a year; net receipts in
maining half to he prtd in cash as they mature.
Cleveland & Pittsburgh.--Leased November, 1871, 1873-4, $171,083.
to Pennsylvania Railroad Co. at 7 per cent on stock,
Concord & Portsmounth.—Leased to Concord RR.
besides e*xpenses-and interest. Report for 1874, V. at $25,000 per year.
Connecticut d Passumpsic.—Annual
20, p.139. (V. 19, p 6)8.)
report to
Coleb rook dale.—Leased to Philadelphia A Read¬ June, ;874, in V. 19. p. 271 • Net earnings for jrear,
$272,790, against $262,275 in 1872-3. The new mort¬
ing. No dividends paid on stock.
Colorado, C niral.—Projected 237 miles in all. gage of $1,500 0 0 will retire previous issues.
Fiscal office at Boston.
Connecticut River.—Net earnings 1873-4. $295,067(olvmbus d- Hocking Valley.—Gross earnings, Surplus account Oct. 1, 1874. $518,039. (V. 20, p. 61.)
Connecticut Valley. Hartford to Saybrook—The
1873, $1,074,187; net, $376,159. Dividends in 1873, 10
per cent ca«h and 10 per cent stock.
See report in stock paid is $1,034,600; floating debt, $1,177,000;
V. 18, p. 526cost of road, Ac., $2.83),819.
Co ambus, Chicago d: Indiana Central.—This was
Connecticut Westeim.—Net earnings 1873-4, $138,a consolidation (Dec. 4, 1867). On January 22, 1869, it
551; interest, &c., $197,543.
was leased to the Pittsb. Cin. A St. Louis, the lease
Connecting.—Leased to Philadelphia A Tren’on,
being guaranteed by the Pennsylvania Railroad. and operated by Pennsylvania; terms, 6 per cent on
A new or amended lease was made
February $1 ,278,3)0 stock and interest on the bonds.
Cvmbetland & Pennsylvania.—Owned and oper¬
1, 1870, also guaranteed by P. R. The first lease
uarantced interest on $15,000,000 of first and ated by Consolidation Coal Company, which guaran¬
5,000,000 of second mortgage bonds, the amended tees second mortgage. Stock $1,500,000.
lease on only $15,821,000 of first, and second bonds.
Cumberland Valley.—The stock is owned in largo
August, 1874, default was made on the $5,000,- part by Pennsylvania Railroad Co. Net earnings,
000 seconds and suit is pending to enforce the year ending Sept. 30, 1874, $329,049.
Large advances
first lease
its
and
guaranty of interest on nave been made to branch roads. (V. 18, p. -95.)
the seconds. On Dec. 1, 1870, the Presidents of This company paid 9 per cent in 1871, £ in 1872,
the P. C. & St. L. Company, lessee, and the Penn¬ nothing in 1873, but resumed in 1874, and declared
sylvania Railroad, guarantor, wrote a joint letter to 5 per cent, in October.
the trustees of tlie $15,821,000 mortgage bonds,
Danville, Hazleton dc Wilkesbarre. —Leased, March,
authorizing public notice to be given “that the 1S72, to Pennsylvania Railroad for 33 years. The
interest on the said $15,821,000 of bonds will be coupons due October, 1874, were not paid, but pur¬
regularly paid by the Pitts. C. A St. L. Co., accord¬ chased by Pennsylvaira Railroad.
Danvi le, Urba*>a, B oemington <fe Pekin. — This is
ing to the tenor of said amended lease,” and pursuant
to this authority a memorandum to that effect was
a part of the Indianapolis Bloomington A Western,
panted in red ink acro&s the hack of each bond, now in default. See I. B. A W.
and the bonds thus sold; but, notwithstanding this,
Davenport & St. Paul.—In hands of receiver. (V.
the interest on these was not paid April 1, 1875.”
.0, p. 61, 313.)
See full reports, V. 19, p. 142, 247, 295, 350, 422, 477,
Dayton di Michigan.—Leased in perpetuity, to Cin¬
63S; V. 20, p. 29. 61, 140, 162, 241.
cinnati, Hamilton A Dayton for annual interest on
Columbus d Xenia.—This road is leased to the Lit¬ bonds. The preferred stock of $3,500,000, guaran,
tle Miami Co., and both roads for 99 years to Pitts¬ teed by C., II. A D., was authorized iu 1871 to retire
burg Ciiw. A St. Louis Co,; the lease is guaranteed D. A M. bonds. (V. 17, p. 84.)
by giving immediate notice
Subscriber* will confer a great favor
|
DESCRIPTION.
Dayton <£• Michitjan—(Continued)—
3d mortgage
Toledo depot (cost $353,940)
Dayton <£• Western—1st M., guar. L. M.
Dcla ware Jtailroad—Stock
1st mortgage
141
.
A C. A X.
v
.
.
3(;
1 HDs
84
State loan
115
25
(50
25
60
106
118
87
Pacific—1st mortgage, gold, land grant..
Denver it- Rio Grande—1st mort., gold, sink. fd...
Denver
04
94
65
2d mortgage.
Lansing A Lake Mich.—1st mortgage—
164
23
1 64
38
.
1st mortgage, on branches.
2d mortgage, on main road
Detroit <6
38
190
do
do
Milwaukee—1st mortgage bonds —
de^
2d mortgage
.
....
.
....
2d funded coupons, Nov. 13, 1836
Bonds of June 30, I860 (conditional)
.
Sterling (Oak, & Otta. ItR.) Oct. 1, 1853,
gold.
.
....
.
....
«...
.
....
Bonds of Sept. 1, 1866, (Limit
Bonds & mortgage on Detroit
$300,000)
....
real estate
Dubuque & Sioux City—Stock...,
1st
1st
mortgage, 1st division
mortgage, 2d division (for
....
143
100
43
55
$1,400,000) —
Oct. I, 1803..^
Dunkirk, Allcgh.Valley A Pittsburg—1st mort.
1st mortgage,
55
90
1
58
Duchess d: Columbia—1st mortgage
East Tennessee, Virginia it- Georgia—Stock
1st mortgage sinking fund bonds
270
242
112
1 1 2
do
new
East Tcnncsse and Virginia (endorsed)
2d mortgage to U. S. Government
East Pennsylvania—Stock
1st mortgage
r
Eastern Shore, (Md.)—1st mortgage, convertible —
2d mortgage, convertible
Eastern (Mass.)—Stock
Essex RR. bonds, Sept. 1856
—
Bonds due 1885, April 1865
do
130
Funding bonds
36
36
39
35)
114
....
.
....
;
50
1856
1856
1859
....
—
50
500 Ac.
1856
1872
1855
1859
1858
1864
1869
1870
1874
1871
1873
1870
1871
1872
1873
1869
1870
1855
1856
1860
1863
1866
1853
1853
1851
1854
1853
1866
1,000
500 Ac.
100 Ac.
100 Ac.
1,000
1,000
500 Ac.
.’
1,000
Sterling bonds, convertible, £1,000,000
Dayton A Western. Leased to Little Miami, and
Pittsburg Cincinnati A St. Louis.
Delaware.—Leased and operated by Philadelphia,
Wilmington A Baltimore Railroad for 75 per cent of
gross earnings.
In 873-4 gross earnings were
$435,968.
with that to
Western.—The Lacka¬
Bloomsburg Co. was consolidated with this
road in June, 1873, and stock of the Delaware, Lack¬
awanna A
Western issued to represent it.
The
Delaware, Lackawanna ifA
....
1,000
Various
1870
*50-’50>
1,000
1,000
1,000
1,000
1,000
.....
100
1866
1856
’
50
1860
1866
.
1856
1865
’6 8-’69
1872
1873
’73-’74
1874
net. $316,290.
cash and half in
19,
p.
51,000
150,000
g.
....
•
100,000
1
10,000
103,266
5,000,000
•
-
-
.
....
1,000
1.000
500
100
100
/
10
2i.j
296,000
7
586,000
7
7
7
81,500
450,000
3,200,000
2,500,000
1,968,274
2,999,000
730,000
135,000
147,000
190,000
1,309,200
495,900
400,000
200,000
4,997,600
194,400
1(50,000
1,000,000
500,000
~
6 A 7
6 g
7
250,000
’
100 Ac.
100 Ac.
100 Ac.
100
1858
1863
1865
/
628,525
377,115
1.702,316
150,866
1,000
500
1.000
1 StHI
Long Dock Co. mortgage
3,935,000
1,000,000
3.000,000
2,000,000
500,000
500,000
1,000,000
570,000
78,000,000
8,536,910
2,435,000
2,174,000
1,000
1,000
1,000
3
7
6
6
6
4
3
7
(5
6
3
6
6
6
6
1873
1872
1871
1870
-(V. 18,
pp.
Chronicle (V.
is taken:
Stock and
Debt.
$33,732,205
Earnings.
Earnings.
$6,248,165
$3,369,813
4,74^,678
2,709 509
3,35 ,484
1,519,723
4,100,222
1.240,513
582, 607; V. 29, p. 85.)
I* ^r7
2 Jo
3 Jo
1
3 l‘j
7
7
2,937,000
1,000
709,500
182,600
3,000,000
£200
4,577,714
500 Ac.
100 Ac
*
Coupons in 1874 were paid
preferred stock.
half in
(V. 18, p. 376; V.
376.)
Detroit A Milwaukee.—This road was operated by
the Great Western of Canada, hat defaulted in 1873,
and negotiations are now pending for funding the
242.
debt according to the plan published in V. 20, p.
Of the bonds of June, 1866, $1.2 >8,000 are in the
hands of the Merchants’ Bank of Canada, redeem¬
able $1( 0,000 pervear. The Detroit A Pontiac inter¬
est has been paid in whole or in parr, and it is not
with Kan¬
(V. 17, p.
835.)
Denver A Rio Grande.—This is the principal nnrrow-guage road (three feet) in the United States.
The whole line as projected is 8.5 miles. Earnings
so far have been good.
Des Moines if Fort Dodge— This
Des Moines Valley, reorganized after
tral, in 1867, for 20 years, at 35 per cent of gross earn¬
ings first ten years, and 36 afterwards. In 1814 gross
earnings were $1,067,592.
Dubuque Southwestern—Farley to Cedar Rapids,
In.—Gross earnings, 1874, $117,107—$5,8 0 below
1873.
*9,(133,515
Dunkirk Illinois Valley <f*. Pittsburg.— A consoli¬
25,922,768
24,766,850 dation, Dec. 1, 1872. Stock, $2,300,000. Road leased
and bonds mostly held by New York Central A
Denver Pacific.—Operated in connection
sas Pacific.
Land grant, 1,100,000 acres.
is part of the
foreclosure.
Detroit Eel River A Illinolil—Butler to
port, Ind. Opened in 1873.
Logans-
Hudson.
Duchess
p.
c6 Columbia.—In
foreclosure.
(V. 20,
15.)
East Tennessee Virginia J- Georgia.—Gross earn¬
ings year ending June 30, 1874. were $1,111,184; ex¬
penses,
$697,308, and net earnings, $413 775. Annual
report, V. 20, p. 15. (V. 19, p. 351; V. 20, p. 15.)
East Pennsylvania.— Leased to Philadelphia A
Reading at 7 per cent on stock and bonds. Divi¬
dends are 6 per cent per annum.
Eastern Shoi'e.—Formerly leased, hut now oper¬
ated on own account since December, 1869.
No late
Detroit Hillsdale & Indiana.—Sold in foreclosure, returns made.
January, 1815. (V. 20. p. 162 )
Eastern (Mass.).—Lenses Eastern in New Hamp¬
Detroit Lansing & Lake Michigan.—The report
shire, 16 miles, with stock of $492,500; same divi¬
Leases Portland Saco A P., at
for 1814 is given briefly in the Chronicle of March dends as East. Mass.
20, on p. 288, showing gross earnings of $807,697, 20 per cent on stock. Net earnings, 1873-4, $972,833..
Where
A. & O. N.
M. A S.
J. A J. N.
J. A J.
Stocks—Last
Dividend.
Payable, and by
Whom.
Oct., 1888
Y., Winslow,L. A Co
do
do
Mar.,’81 A ’94
Y., Am. Exch. N. B’k Jan. 1, 1905
Dec., 1874
July, 1875
J. A J. Phlla.,Girard Nat. Bank
do
do
J. A J.
July, 1875
Jan. 1, 1880
do
do
J. & J.
J, A J. Office P., W. A B. RR.
New York Office,
April 20, 1875
Q.-J.
March 1,1881
do
do
M. A S.
do
do
June, 1892
J. & D.
do
do
J. A J.
July 1, 1875
do
do
March, 1885
M. Si S.
do
do
A. Si O.
April 15,1880
do
do
M. St N.
May 15,1890
M. & N. N. Y., Duncan, S. A Co. May 1, 1899
M. Si N. N.Y., Loud. A Amst’d’m Nov. 1, 1900
Jan. 1, 1904
New York.
J. & J.
J. Si J. N. Y., Mercantile Bank. June 1, 1891
Feb. 1, 1888
do
do
M. Si N.
J. Si D. N. Y., Mercantile Bank. June 1, 1890
A. Si O.
April, 1896
Boston, Co.’s office,
Dec. 1, 1897
do
do
J. Si I).
Feb. 1, 1893
do
do
F. & A.
J. A J. N. Y., Farm. L. A T. Co
May 15, 1875
do
do
M. Si N.
July 1, 1889
M. A N. N.Y.,M.K.Jesup,P.A Co. Nov. 1, 1880
do
do
M. & N.
May 15, 1875
do
do
J. A J.
May 15, 1875
do
do
M. Si N.
May, 1875
New York A Detroit.
J. Si J.
July 1, 1886
Nov. 15,1873
M. Si N. New York A London.
M. & N. N.Y.,M.K.Jesup,P.A Co. Nov. 15, 1873
do
do
A. Si O.
April 1, 1878
Feb. 15, 1886
do
do
F. & A.
Jan. 1, 1878
do
do
J. Si J.
do
do
M. & S.:
Sept., 1 1886
Various!
Various.
Detroit office.
N.Y.,M.K.Jesup,P.A Co. April 15, 1875
A. Si
A
J. Si
J. Si
&
*fc
Si
Si
Si
J. Si
J. Si
M. &
O.
J. N. Y., Gallatin Nat’l B’k
J. N. Y., R. T. Wilson A Co.
do
do
J.
do
do
N
J.
'J
O.
J.
A S.
A N.
A N.
A J.
A ,T.
A O.
M.
July 1, 1900
1880 to 1886
July 1, 1876
May 1, 1886
Jan. 19,
Mar. 1,
Jan. 1,
A pi. 1,
rhila., by P. A R. RR.
Phi la., P. A R. office.
Phila., Girard Nat. B’k,
O
J
Boston, Co.’s Office.
do
do
do
J.
O,
do
do
do
do
S.
N.
S.
' J.
M.
M.
M.
A.
J.
J.
N.
S.
S.
O.
I).
J.
I).
S.
do
1875
1888
1880
1886
July 15, 1873
Sept., 1876
April, 1885
Mar., 1888
May, 1889
do
do
do
do
do
do
1882
1892
Mar. 1,
Nov. 1,
London, Baring Bros.
New York Agency,
rhila., Penn. R. R. Co.
1893
1884
May, 1874
Jan.,! 1875
Phila.,Penn.Life I ns.Co. Jan. 1, 1880
Oct. 1, 2862
Pliila., Penn. R. R. Co.
Oct. 1, 1873
N. Y., Co.’s offic
do
<lo
Oct. 1, 1873
do
<lo
May, 1879
do
Mar. 1, 1879
do
do
do
Mar., 1883
Oct. 1, 1880
do
do
June 1, 1888
do
do
do
do
Jan. 1, 1891
do
do
Jan., 1893
Sept. 1, 1875
do
do
London.
Has an operating contract
99 years.
Annual report,
p.
July, 1883
Oct., 1883
June, 1900
Jan. 1, 1908
April 1, 1875
do
S
J
J.
A
A
A
A
A
A
A
J. A
M. A
do
D.| N. Y., N. Y. C., A II. RR.
J. N.Y., Brown Bros. A Co.
M.
M.
M.
J.
J.
A.
J.
A.
M.
1883
1894
do
do
N.Y.,M.K.Jesup,P.A Co.
0.1
Si
Si
A
Si
Si
Si
Si
Si
A
A
M.
J.
A.
J.
do
do
J.l
J.l
M.
4,852,000
1,000
7 g.
7
company's operations consist in large part of coal proposed to fund coupons on those of Oakl. A O.
mining and transportation, and no annual report bonds. (V. 18, p. 14, 375, 583; V. 19, p. 118, 271, 350;
is issued except the statistics required by the State V. 20, p. 242, 311.)
of Pennsylvania.
The Morris A Essex Railroad is
Dubuque A Sioux City.—Leased to Illinois Cen¬
leased and some of its bonds guaranteed. From
the last annual report published in
1-*, p. 582), the following comparison
Gross
Net
When
Payable
•
770,000
81,000
2,500,000
1,000,000
1,000
250 Ac.
500 Ac.
Various
Various
500 Ac.
100 Ac.
500 Ac.
1,000
1,000
1863
1863
1870
1868
1849
1 853
1857
1858
7
7
7
7
1,359,000
500 Ac.
1 847
21-2
500,000
.
.
3
6
6
6
6
1,170,000
3,219,000
575,000
100
500
1860
1863
6 & 7
3,024,500
1.000
1,000
1,000
1,000
50
1st mortgage (extended in 1867 to 1897)..
2d mortgage, convertible (extended to 1879)
3d mortgage
4th mortgage, convertible
5th mortgage, convertible
Buffalo Branch Bonds
i
1,633,000
2,800,000
900,000
400,000
500,000
200,000
2,493,000
7
2,064,000
50
®
100,000
170,000
23,500,000
7
2,200,000
.....
959
€.
1,330,950
500,000
100,000
1,000
....
..
108,500
674,000
1,000
78
1st mortgage bonds
wanna
Rate per
Cent.
$361,000
1,000
1
•78
78
Income bonds, 999 years to run
Erie Railway—Stock, common
stock
Outstanding
500 Ac.
1 st(59
Elmira A Williamsport—Stock common
Preferred stock
Preferred, 7 per cent,
Amount
$1,000
....
do
1889, May 1869
Notes
Bonds...
do
sterling, sinking fund
.
1869
61A 64
1865
195
Bonds (convertible June 1, 1875 to ’77)
Lackawanna A Bloomsb., 1st mortgage
—
do
do
1st inert, (extension)
2d mortgage
do
do
do
do
2d inert’, (extension).
Detroit,
Par
Value.
’"
i)
.
Bonds— Prlnci
pal, When Due.
t1
'.
Guaranteed bonds
Extension mortgage
Size, or
Date
of
of tables.
at tlie head of first page
of any error discovered these In Tables.
INTEREST OR DIVIDENDS.
Of
1
Road 1 Bonds
8
xix
BONDS.
RAILEOAD STOCKS AND
April 3, 1875.]
with Maine Central for
V. 20. p. 186 S see also
177, 242.
Elmira <£• Willianisport.—Leased in 18 ;3 to North¬
ern Central for 999 years.
Rent amounts to $165,315
per year.
Railway appear
chiefly fr m speculative management
and from its being broad gauge.
The old funded
debt is re’atively very small, the first five mortgages
being only about $13,00 .000.
The bonds Issued
since 1861 are about $41.500,(XK>.
The stock in 1867
was $25,111,210, and up t<>
1870 was increased to
$86,536,910, the present figures. The largest gross
earnings ever ma le were $20,01 .’,606, in 1872-3. The
following comparison is for four years :
Erie.—The misfortunes of the Erie
to have arisen
Gross
Net
Interest,
Earnings. Rentals, Ac.
1873-4
$3,664,164
$5,035,161
1872-3
6 371,965
3,425,280
1871 2...
18,371,888
5,777,38 1
2,989,445
1870-1
17,168,005
4,968,909
3,100,523
President Jewett said in his report, Dec. 1875: “ The
decrease in the expenses was not in a ratio equal to
the decrease in ear ings. The reduction of earnings
was attributable as much to the reduction in the rate
of
compensation as in the reduction of quantities.
In my judgement, there is nothing in these compar¬
ative results which should have the least tendency
to discourage the directors or stockholders of the
company, hut that, on the contrary, there is much
te give confidence in the great strength and almost
inexhaustible resources of the road.” Dividends
have
been
paid as
preferred
follows: On
stock, 7 per cent yearly, 1864 to 1867. and same in
1872 and 1873 ; on common, 8 per year in 1864 and
1865, 1% in 1872, and 1 per cent in 1873. As to the
future, there is no further indication than fnmished
in the report for the year ending Sept. 30, 1874,
given in the Chronicle, V. 19, p. 638. and V. 20,
p. 288. ' See also V. 18, p. 15, 89, 191, 248, 212, 296,
351. ?99, 454, 480, 503, 527; V. 19, p. 17, 39, 61, 397,
477, 495, 503,583, 633; V. 20, p. 61, 85, 140.)
Earnings.
$lu,698,899
20,oi2,6 >7
..
RAILROAD STOCKS AND BONDS.
XX
Subscribers will confer
a
great favor by giving immediate notice of any error discovered In these Tables.
DESCRIPTION.
For
Miles
Date
of
of
explanation of column headings, <fcc., see notes
at the head of first page of tables.
Road. Bonds
Erie—( Continued)—
1st consolidated mortgage, gold (for $30,000,000)
2d consolidated mortgage, 5-20, (for $40,000,000)
New bonds (debentures) convertible till 1883
Erie d Pittsburg—Stock
1st mortgage, convertible into consolid. inert
2d mortgage, convertible
Consolidated mortgage free of State tax
Equipment bonds.
European d North American, (Me.)—
1st mortgage, Winn, to N. B. line
(Bangor
2d mortgage, Bangor to Winn
>
loan.
Land grant 2d mort. 6c 1st Bangor to Winn
Bangor & Piscataquis, Bangor loan, 1st mortg...
Evansv. d (Iran-fordsv.—1st in., Ev. & Ill., s. f
1st mort., sinking fund (Evansville to Terre H,)..
459
459
65
100 &c,
100 Ac.
2,193,000
880,000
7
7
7
7
1,000,000
t> g-
J.
& J.
Boston.
Jan.
1869
1869
1852
1854
1860
1870
2,000,000
720,000
301,000
623,000
147,000
775,000
4,000,000
500,000
!ig-
M.
A.
J.
M.
F.
M.
J.
A.
& .8
& O
& J
& N.
& A
& N.
& J.
& O
New York.
M.
J.
M.
M.
J.
M.
J.
J.
&
&
&
&
&
&
92,300
500 &e.
1,000
1,000
500 «fec.
1,000
100
1,000
1872
1866
1868
1868
1867
65
1871
100
3,297,300
1,771,000
1,000
92,000
2,210,000
1,000
500 &c
500 6c v
500
425,000
1,000
1,000,000
100,000
75,000
280,405
Galveston, Harrisb.d: San A ntonio—1st mort, gold...
Galveston, Houston d Hcnd. of 1871—1st mort
Geneva, Ithaca d Athens—1st mort., s. f., gold
Georgia Railroad d Hanking Co.—Stock
11
10
100
100
109
109
26
82
52
35
232
Bonds, not mortgaged
Gilman, Clinton d Springfield—1st mort., gold
110
Framingham d• Lowell—1st mortgage bonds
2d mortgage, gold
Grand Rapids d Indiana—Stock
1st mort., land grant, gold (guar, by Pa. RR;
1st mort., land grant, gold, not guaranteed
Grand Trunk (Canada)—Consolidated stock
New stock for £10,000,000
1,275,000
1870
100 <fee.
1869
1,000
l’,000
1,000
1871
1869
1871
1871
1873
1872
1870
500,000
1st
do
600,000
4,200,000
608,000
1,000
2,000,000
1,000,000
1
1869
1,000
1,000
1873
£25
£100
1,377
do
500,000
1,200,000
3,218,149
2,327,808
7,163,910
...
Preferred stock
sinking fund
2d mortgage
Bonds of 1860
Bonds of 1873
European d North American.—This company has
direct line from Bangor to St. John, formed by
the consolidation, Dec. 1, 1872, of the European &
North American companies of Maine and New Bruns¬
wick and the Bangor & Piscataquis.
A consoli¬
dated mortgage for $6,000 000 was authorized in
1874. No report of operations is made.
Evansville & Ctawfordsville — Common stock is
$1,044,401); preferred, $100,000. Net earnings 1873-4,
$196,502. The company has paid interest regularly,
a
Wayne,
Muncie
ppointed Nov mber, 1874.
V. 30, P-
186.)
d
Cincinnati.—Receiver
(V. 19,
p.
502, 528, 583;
7
8
10
10
10
8
8
7
7
8
8
7
8
7
6
7
7
4
7
7
8
127,000
485,000
62,000
1,000,000
J. &
J. &
A. &
A. &
A. &
100
Boston Office,
do
g.
g.
A.1
& J. N. Y., Winslow, L. &
& O.
do
do
7 g7 g.
A.
A.
J.
J.
A.
A.
J.
5
6
5*2
5^2
6
&
&
&
&
«fc
&
&
Co
Columbia, Co.’s Office
100
100
i'
U. &"j. Bridgeport & Boston.
191,000
100,000
100,000
J.
A.
M.
F.
J.
7
7
6
& J N. Y., B’k.
do
& O
do
& S
do
& A
do
& J
|J. & J.
F. 6c A.
188.)
p.
published in V. 19,
835.)
p.
'
118* showing:
1872-3
Net earnings
537,777
Div. on stk’sSp. c.
336,000
See also V. 19, p. 247.
Gilman,
Clinton d
646,626
336,000
1873-4.
684,334.03
336,000.00
Springfield’.—This company
defaulted in 1874, &"d is in litigation and now in
receiver's hands. See V. IS p. 297, 455; V. 19, 143,
398, 583.
India a.—The last annual
The land sales have been
remarkably successful.
An official description
of bonds was given
when they were put on
Rapids
d
report, V. 19, p. 398.
York York
Stock Ex¬
as follows: $4,000,000
‘’Guaranteed Bonds.” Principal and interest
of
in
the
New
January, 1875,
Railroad Com¬
pany, and are also a lien upon the land grant.
No. 1 to 4,0 0.
Unguaranteed
$3,020,000 are
secured by
Bonds,” which are
the same
guaranteed
by the Pennsylvania
April, 1877
Jan., 1920
Perpetual.
Irredeemable.
Irredeemable.
Irredeemable.
Oct., 1873
Oct., 1873
July, 1871
July, 1876
Oct., 1877
Oct,, 1878
Dec,, 1890
1881 to 1886
No. America
1874 to 1887
do
do
do
do
April 1, 1881
Pliila., Co.’s Office,
do
do
B’k. of New York.
Bridgeport and Boston,
N. Y.,
150,000
(V. 17,
1899
1899
Aug., 1870
,J. & J
[J. & J
312
Sept., 1900
Jan., 1892
do
6
1853
1871-2
are
yearly to 1890
O.
London & Montreal,
do
O.
do
J, London Joint Stock B’k
J
do
do
O
do
do
do
do
O
do
I)
do
do
-
1910
July 1, 1902
July 1, 1890
Jan. 15, 1874
J. & J.
London, Co.’s Office.
A. & O. London, at Co.’s Office
& J.
do
do
J.
Various.
& A
do
do
5
do
do
J. & J.
5
do
J. & J.
do
4
do
do
J. & J.
eamg’s...$1,334,012 $1,623,456 $1,571,785.02
Operat’g expenses
806,235
976,830
687,456.99
the call
<
4 g.
6 g,
6 g.
Tot. gr.
change,
Aug. 1, 1880
May 1, 1900
Jan. 1, 1875
April 1, 1894
April, 1896
J. & J. N. Y., F. P. James & Co
J. & J. N. Y., Metrop. Nat, B’k
J. & J. Augusta,Ga., RR. Bank
do
do
J. & J.
M. & S. New York and London
J. & J.
earnings—Passenger, $307,047.23; freight, $1,239,316.69; mail, $25,401.10; total, $1,571,785.02. Ope¬
rating expenses (being 56V£ per cent of gross earn¬
ings): $887,450.99; net earnings, $684,431.03; ex¬
pended for new equipment, etc.. $157,755.74; net
profit, $526,578.29 A comparative statement for
three years was as follows:
Grand
Jan. 1, 1887
Nov. 1, 1887
Bost. & London.
700,000
820,000
1,180,000
1867
was
1, 1899
April!, 1899
do
7
6
7
8
8
10
1,000
1, 1889
N.Y., Merch’nts’Ex.B’k.
May, 1902
N. Y., Meehan. Nat. B’k. Jan. 1, 1887
do
do
Sept. 1, 1888
do
do
May 1, 1888
Newark, N. J., Sav. Ins. July 1, 1882
New York,
Sept. 1, 1887
do
Jan. 1, 1876
N. Y., Meek., Nat. Bank. Jan. 1, 1901
N. Y., Market Nat. B’k, May 1, 1889
N. Y., St. Nich. Nat. B’k
July 1, 1900
N. Y., Farm’s. L.& T. Co
July 1, 1889
do
do
Oct., 188!
Boston, Office,
Oct., 1889
50
15
3
54
54
120
120
74
74
1874,
i
N.Y.,Farm.L’an & T.Co.
5,087,224
2,600,000
386,000
4,000,000
500,000
988,000
1,182,550
100
1853-7
1863
1870
207
p.
do
do
do
do
376,766
9.167.700
275
July 1, 1898
Oct. 1, 1890
1891
g.
g.
g.
F. &
Georgia Railroad d Banking Company —The an¬
for the last fiscal year, ending April 1,
1
&
N.
J.
S.
N.
J.
S.
J.
J.
N.
J.
J.
O.
O.
O.
Mar. 1, 1920
Mar. 1, 1894
Jan. 1, 1903
Mar. 10, 1875
Jan. 1, 1882
April 1, 1890
Boston, Second N. Bank
N.Y.,Farm,L’an & T.Co.
1,426,545
2/0
&
M. &
nual report
ings
Wayne, Jackson <f* Saginaw.—Traffic guaran¬
cent from Michigan Central. Interest was
passed January, 1874. Net earnings 1873 were $130,499. (V 19, p. 365.)
*8*
li4
143
ings 1872-3, $646,626.
607.
Fort
7
Geneva. Ithaca d Athens. -Consolidation in 1874 of
Geneva & Ithaca and Ithaca & Athens, Net earn¬
years.
tee 4) per
I*
Galveston, Harrisburg d Sa^ Antonio.—In pro¬
gress. Net earnings 1872-3, $182,364.
Galveston, Houston, d Henderson.—Net earnings
1873, $249,079. (V. 15. p. 76.)
Flint d Fere Marquette.—Gross earnings 1873,
$1,365,424; operating expenses* $711,603; net earn¬
ings, $653,821; interest and taxes, $497,042; balance,
$156,779. Total land sales to Jan. 1, 1874 $2,011,344.
or $8 09 per acre.
Deferred payments on land sales
Jan. 1, 1874, were $635,158. See report in V. 18, p.
Foi't
£100
£100
£100
£100
(V. 16,
$74,696. Total pavments above operating expenses,
$120, 682.
Fitchburg.—Leases Vermont & Massachusetts.
Net earnin', s $18 3 4, $325,655; dividends, 8 per cent
1872-3. $45,957.
7
212
1,998,275
Gross
Flushing d North Side (L. I.). - In 1872-3 net earn¬
were $83,187; interest, &c., $136,566.
Fonda. Johnstown d Gloversville.—Net earnings
/
7
Framingham d Lowell.— Leased to Boston, Clin¬
Fitchburg; has also $150,000 8 per cent bonds.
dividends.
some,
r»
ton &
Evansville T rre Unite d Chicago.—There are
also $238,000 7 per cent gold second mortgage bonds.
In 1873-4 net earnings were $9i,5 ;9; interest paid,
for
.
3,111,500
4,459,309
1873
the terms guarantee 7 per cent per annum on stock
and debt. (V. 18, p. 583.)
no
£20*3
1869
Erie d Pittsburg.—Leased in perpetuity to the
Pennsylvania Railroad and transferred io Penn. Co.;
13*
288,883
6523-1
coupon
Harrisb., PortsnVth, Ml. Joy d Lane.—Stock
1st mortgage
Housatonic—Stock
but
3,020,000
£3,425,124
7,500,000
500.000
do
do
do
do
New bonds, coupon
Greenville d Columbia—1st mort.,guar.by State
Bonds not guaranteed
Hannibal d St. Joseph—Common stock
Preferred stock
Missouri State loan
Land grant mortgage
Bonds 1870, convertible
1st mortgage (Quincy 6c Palmyra RR)
1st mortgage (Kansas City & Cam. RR.)
:...
1st mortgage,
2,800,000
4,000,0(H)
221,190
2d
do
do
2d
do
3d
do
conv
Canadian debentures
Great Western (Canada)—Common stock
Preferred 5 per cent, convertible into common...
Debentures
Mortgage bonds,
1,493,000
100 Ac.
100
1869
330
500,000
1,700,000
1,000
1,000
1870
1872
110
330
330
300,000
1,500,000
500,000
1,800,000
Mortgage to Bank of Up. Canada on surplus lands
Equipment mort., 1st on all rolling stock..
2d
-
Mar.
291.700
1,000
233
233
60
190
17
13
2d mortgage
Dividend.
Wnom.
M. & S. New York and London.
J. & D.
London.
J. & J.
do
Q.-M. N. Y., Union Trust Co.
J. & J.
do
do
A. & O.
do
do
J. & J.
do
do
A. & O.
do
do
1874
Holly, Wayne 6c Monroe, 1st mort., sinking fund.
Flushing d NorthsUle—1st mortgage
Fonda, Johnstown d Gloversville— 1st mortgage
Fort Wayne, Jackson d Saginaw—1st mort., coup...
2d fnort. and equipment bonds, coupon
Fort Wayne, Muncie d Cincinnati—1st mort.,gold...
When
Payable
7
7 g.
7 g.
Construction bonds
&c., secured by gov’t business...
pref. bonds, eonv. into 1st pref. stock
Rate per
Cent.
1869
}
5
49
51
109
23
55
94
..
Outstanding
$1,000 $12,076,000
1,000
15,000,000
1,000
10,000,000
50
2,000,000
1870
1874
1873
45
Rockville extension
Amount
Par
Value.
81*2 1862
81*2 1865
81^ 1868
45
Bonds—Princi¬
pal, When Due.
Where Payable, and by
Stocks—Last
INTEREST OR DIVIDENDS.
I Size, or
102
Eranvillc, Terre Haute rf- Chic.—1st mort., gold...
Fi tehbu rg—Stoc k
Bonds, coupons ($4,000,000 authorized)
Flint d Pare Marquette—Stock
Consolidated mortgage sinking fund
1st in. on 20m., 2d on 40; 1. gr. 153,600 ae., 2d d.
1st mort., land grant 358,000 acres, 3d div
Flint 6c Holly RR. (sink’g fund $25,000 per year).
Bay City, E. Saginaw, 1st mort., guar by lessees.
Bay County, issued in aid, guar by lessees
do
Postal bonds,
[April 8, 1875.
....
do
do
Mar., 1885
Jan., 1892
Jan., 1892
Jan. 10, 1875
July 1, 1883
Jan.20, 1875
1877.
1885
1889
1883
mortgage as the guaranteed bonds on the en¬
tire land grant. $980,000 are “ Ex. Land Grant
Bonds,” being apart of the orignally $4,000, COO un¬
guaranteed* Donas, which have from time to time
been redeemed by the operations of the sinking
•
When the land certificate is detached they
are no longer a lien on the land, but, by the t?rms, of
the trust deed, remain a first mortgage on the whole
line and appurtenances. No. 4,001 to 8,000. Cou¬
fund.
pons April and October.
Grand Trunk {Canada).—These
,
figures represent
pounds sterling. Gross earnings in half year ending
1674, £1,008,561; expenses, £782,002; net
earnings, £226,559. In May, 1873, new stock was
issned at £22 10s per share to pay for extensive im¬
provements. Consolidated debenture stock author¬
ized July 9, 1874. (V. 17, p. 459; V. 19, p. 169, 351,
422, 503.)
.
Great Western (Canada).—These figures are given
in pounds sterling. Company leases several roads in
Canada, amounting to 156% miles, and the Detroit
& Milwaukee, 189 miles. For the half year ending
July 31, 1874, the gross receipts were £558,25/;
working expenses, £425,303; net earnings, £137,954.
(V. 19, p. 62, 247, 479.)
Greenville eft Columbia.—This company defaulted
several years since, but compromised with its bond¬
holders.
See Chronicle, v. 16, p. 220; V. 17, p.
June 30,
460,752.
Hannibal eft St. Joseph.—Of the Missouri State
loan $1,500,000 has been extended for 20 years. No
reports have lately been published by this company,,
and no definite imformation is obtainable. (V. 16,
628; V. 18, p. 273. 601.)
Harrisburg, Portsmouth, Mountjoy <ft Lancaster-—
This road is leased to Pennsylvania Railroad, which
owns a majority of the stock, and it is, in fact, a part
p.
,
of the main line.
Housatonic.—Leases Berkshire Railroad, Stockbridge & Pittsfield, and West Stockbridge. Gross
earnings in 1878 4 were $694,580; expenses, $464,-
$84; pet earnings, $229,696.
RAlLttOAD STOCKS AND BONDS
April 3, 18751]
xxi
Subscribers util confer a great favor by giving Immediate notice of any error
DESCRIPTION.
For
explanation of column headings, Ac.,
at the head of first page
see
of tables.
notes
Hart/., Prov. d Fishkill— 1st mort. (R. I.)
26*2
(Conn.).*
Houston & Texas Central—1st m., gold, l.gr.,s.f.
1st mort., N* west div. (Bremona to Wacoj...
Consol, mort., 1. gr. (coupons may be registered)..
Huntingdon d Broad Top— 1st mort.* gold
2d mortgage
3d mortgage, consolidated
Scrip for past due coupons
96
461
47
508
58
1st mortgage
58
58
Illinois Central—Stock
1st mort.
707
construction bonds (now payable).
Redemption, 1st and 2d series
General mortgage (for $15,000,000)
Sterling bonds, sinking fund
Indiana d Illinois Central— 1st mort., gold
Size
Miles
Date
of
of
Road. Bonds
251
...
1853
50A52
Indianapolis & Cincinnati of 1858
Indianapolis, Cincinnati A Lafavette
90
154
do
do
do
Funded interest bonds, coupon
174
Equipment bonds, registered
'
Cincinnati A Indiana, 1st mortgage
20
guaranteed
Indian., Bloomington d West.—1st mort., gold.
2d mortgage,
20
202
202
217
71
71
2d mortgage
Iud., Bloom., A W., Extension, 1st mort., gold
Indianapolis d St Louis—1st mort., in 3 series
2d mortgage
Equipment bonds
Indianapolis d Vincennes— 1st mortgage,
ii7
guar
2d mortgage, guaranteed
International d Great Northern—Consol, stock.
International, 1st mortgage, gold
Houston & Great Northern, 1st mortgage, gold...
Convertible and second mort., coup., maybe reg.
Iowa Falls d Sionx City—1st mort., April 1, ’69
Iron Mountain, Chester d E — 1st mortgage, gold....
Jacksonville, N. W.. d S. A’—1st mortgage, gold
Jaeksonv., Pens.d Mob.—Floriada St. bonds, gol d....
Jefferson (Pa.)—1st mortgage (Hawley Branch)
2d mortgage (Hawley Branch).:
1st mortgage (Susquehanna to Carboudale)..
.....
Jefferson, Madison d Indianapolis—Stock
Indianapolis A Madison, 1st mortgage
Jeffersonville, Madison A Ind., 1st mortgage
do
do
2d mortgage
Jersey Citu d Albany—1st mortgage, gold
Ridgefield Park, (N. J.,) 1st mortgage
Joliet d Northern Indiana—1st mortgage
Junction, Philadelphia—1st mortgage
117
100
100
350
184
41
125
250
9
9
38
226
86
159
159
38
12
44
•
it
1st mort., g., s.f., cp.or reg. ,1’dgr., 3,000,000acres
1st mort., gold, coup., on 140 miles west Mo. Riv.
1st mort., gold, beginning at 140 miles west Mo.R
2d mort (to U. S. Gov.) on 394m. west Mo. River.
1st mortgage, coupon, (Leavenworth Branch)....
Land grant mort., coupon, on 1,000,000 acres
Income bonds, coupon, 3d mortgage, on 427 miles
Land bonds, cp, or reg., gold, on 2,000,000 acres.
2d mortgage,
do
do
do
Arkansas Valley, 1st mortgage, guaranteed.
June. C. Sc Fort K., 1st mort., gold, land gr., guar
Kent County, (Md.)—1st mortgage bonds
673
245
140
253
394
34
427
-
Kentucky Central—Id mortgage
3d mortgage
Keokuk d Des Mointq— 1st mortgage.
Fimded Interest bonds
Lake Eric d Louisville— 1st mort. ($1,100,000)
Lake Shore d Michigan Southern—Stock
Guaranteed 10 peV cent stock
Consolidated mortgage, 1870, coupon
140
106
34
99
99
162
50
1181
1013
Outstanding
$481,000
1866
1,000
1,574,000
9,000,000
1870
1,000
9,000,000
1872
1854
1857
1865
1,000
2,700,000
416,000
1,000
1,378,000
1851
1851
1864
1875
1874
1871
i'oo
29,000,000
2,735,000
500
500
500 Ac.
500 Ac.
£200
367,500
137,343
2,500,000
2,500,000
4,792,000
1,000
1,000
1,955,000
5,668,967
50
500 Ac.
1858
1867
1869
1873
1873
1862
1867
1869
1870
1872
1869
1870
1871
Rate per
Cent.
500,000
1,497,000
5,000,000
7 g.
r+
4
1,000
.
500 Ac.
1,6*00
1872
1870
1867
1869
1869
1862
1866
1870
1873
1872
1,000
1,000
1,000
100
1,000
1,000
500 Ac.
1,000
1,000
''
50
1869
1865
1866
1865-7
1,000
1,000
1,000
1866
1,600
1865
1866
1870
1871
1,000
1869
1853
1855
1874
1874
1872
100 Ac.
250 Ac.
....
500 Ac.
1,000
1,000
Various
1,000
•
7 g.
7 g.
*
8
7
7 g.
7 g.
8
7
7
7
7 *
7
250,000
300,000
800,000
500,000
300,000
2,789,413
500,000
1,400,000
539,500
2,500,000
887,500
947,000
9,689,950
6,432,000
2,240,000
4,063,000
6,303,000
600,000
246,000
4,275,350
1,751,750
1,500,000
1,125,000
2,493,000
400,000
844,000
237,000
2,300,000
258,720
1,092,000
re
4
7 g7
8
6
6
7 •
10
8
7 A 7 g.
8
8
do
A.
J.
F.
A.
M.
J.
J.
J.
J.
J.
A
A
A
A
A
A
A
A
A
A
1, 1875
Feb.
April 1, 1875
April 1, 1890
1895
April 1, 1901
July 1, 1903
do
do
do
A
A
A
A
A
A
J. New York and
do
S.
D.
do
A. N. Y., Farm. L.
do
S.
Boston.
A.
M. A N. N.
A. A
F. A
F. A
J. A
1900
July 1, 1887
Jan. 1, 1889
Jan.
Feb.
1, 1889
1,
May 1,
Oct, 1,
July 1,
1875
1881
1906
1910
1913
1, 1912
July 1, 1874
July 1, 1882
April 1, 1900
May
1, 1880
Sept. 1, 1892
June 1, 1874
A T. Co. Aug. 1, 1893:
do
Sept. 1, 1890
Boston.
do
do
Y., Loud. A Frankf’t.
Payable *2 by transportation.
A, A
1, 1881
1912
do
do
do
New* York.
J.
J. Honesdale Nat. Bank.
do
do
J.
J. N. Y., by Erie Railroad.
Q.-F. N. Y., Farm. L. A T. Co.
do
do
M. A N.
A. A O.
do
do
do
do
J. A J.
J. A J.
M. A N.
New York.
J. A J. N. Y., Farm. L. A T. Co.
J. A J.
Philadelphia Office,
do
A. A ,0.
do
J.
M.
J.
F.
M.
F.
1, 1900
April 1, 1911
Jan. 1, 1900
Aug. 1, 1892
O. N. Y., Nat. Park Bank. April 1, 1899
N.
May, 1901
J. N. Y., Am. Excli. Bank. July 1, 1902
O.
J.
A.
A
A
A
A
A
5
1, 1875
Feb.
do
M.
J.
M.
J.
A.
7
1891
1903
1912
National City B’k
7 g.
6
7
7
7
8
7
533,500
1876
April 1, 1895-
L. A T. Co.
A N. New* York and St. Louis
do
do
A S.
A S. N. Y., Loud. A Frankf’t.
do
do
A J.
do
do
A S.
1,709,0Q0
1876
Sept. 1, 1890
Oct,
M.
M.
M.
J.
M.
1,000
1,
1,
July 1,
July 1,
Oct. 1,
July
7
7
7
7 g.
7 g.
3*2
Jan.
Jan.
do
F. A A. New* York and St. Louis
J. A D.
do
do
49,466,500
Stocks— Last
Dividend.
do
7 g.
<> g<> V6
100
100
1870
do
N. Y.,
•
1%
2,474,000
2,000,000
.
1,000
1,000
1,000
•
>al, When Due.
A. A O. N. Y., Amer. Ex. Bank.
April, 1888
F. A A.
do
do
Feb., 1897
do
J. A D.
do
June, 1899
M. A S.
do
do
3ept. ’78,’80,’83
do
M. A S.
do
Sept. 1, 1883
do
J. A D.
do
Dec., 1892
J. A J.
do
rail. ’77, ’82, ’87
do
A. A 0. N. Y., Turner Brothers.
Oct., 1909
J. A J.
do
do
Oct., 1890
1912
do
J. A J.
da
Various N. Y., Winslow, L. A Co. July 1, 1919
M. A N.
6
•
Bonds—Prmci-
....
F. A
A. A
A. A
A. A
A. A
J. A
A. A O.
397,000
1,000
1,000
J.
A.
dt)
J. A J.
F. A A. N. Y„ Farm.
2,000,000
100
500 Ac.
....
1866
1867
1869
1868
1870
1873
3,264,000
3,987,000
4,172,000
2,960,000
660,000
610,000
4,000,000
204,000
96,000
2,000,000
1,000
1,000
1,000
J.
and by
J. Hartford, Am. Nat. B’k.
do
do
J.
J. N. Y., Nat’l. City Bank.
J.
do
do
J.
dt)
do
O.
Philadelphia, Office.
A.
do
do
O.
do
do
do
do
N. Y., Co.’s Office.
A.
0.
N. Y. A London.
N. Y., Co.’s Office.
O.
London.
O.
0. London,Morton R.A Co.
N. Y. or London.
J.
8
7
5,500,000
1871
1872
1872
1869
Whom.
7
1,700,000
1,450,000
500 Ac.
g.
g.
g.
8
1,500,000
5,500,000
2,000,000
A
A
A
A
A
A
A
A
J.
7
7
Where Payable
Pay’ble
F.
A.
7
10
7
7
7 g.
1,000,000
500,000
....
g.
7
375,000
1,000
1,000
1,000
1,000
1,000
g.
g.
7
7
1,701,000
469,100
150 Ac.
500 &c.
When
J.
J.
7
7
7
7
8
7
7
7
6 A
4
6 A
6
«
5
7
1,600,000
2,800,000
1,000
1,000
....
265
52
78
78
130
262
Amount
$500Ac.
4*2
2d mortgage—*
~.1.
Kansas City, St. Joseph d Council Bluffs—Stock
1st mortgage, Council Bluffs A St Joseph... ] b*d
St. Joseph A Council Bluffs, 1st mortgage...
SS
do
convertible
do
Missouri Valley, 1st mort. ($1,000,000 gold)
5S *"■
Kansas City, St. Jo. & O. Bl., consol, mort..
New consolidated mortgage (for $8,000,000) OXl
Kansas Pacific—Stock
-(16)
INTEREST OR DIVIDENDS.
or
par
Value.
Indianapolis, Cincinnati d Lafayette—Stock..
discovered In these Tables.
'*
N.
J. Pliila., Corn Exck. Bank
S. N. Y., Band of America.
do
do
I).
O.
New York Office.
do
do
O.
New* York.
O.
A. N. Y., Union Trust Co.
A.
do
do
do
do
J.
..........
Jan.
May 1, 1899
Feb. 1, 1895
June 1, 1896
1895 to ’97
Jan.
1, 1896
1876
June 1, 1919
July 1, 1880
Sept., 1886
May 1, 1889
1, 1889
Jan.
March, 1883
June, 1885
1904
1884
April, 1892
1, 1875
Feb.
Feb., 1875
July 1, 1900
-
Jersey City <fc A'bany.—Road was in progress but
funding proposition-of¬ was stopped in panic of 1873. Work resumed in
The Danville, Urbana, 1874. (V. 19, p. 365.)
Joliet tft Northern Indiana.—Bonds were not paid
Bloomington & Pekin is part of this road. (Vol. 19,
when due, and the Michigan Central offered to ex¬
p. 17, 118, 247, 422, 479, 528, 639; V. 20, p. 61.)
tend with a 6 per cent. bond. (V. 19, p. 247; V. 20,
were $8,166,36$; net
IndianajyolD db St. Louis.—The stock, $600,000, is
earnings, $ ,897,614. Capital,
p. 85, 140.)
$« ,500,000. The company built a large part of its owned by Pennsylvania Company and Cleveland,
Junction (Phila.)—Owned by connecting com¬
line out of net earnings, and subsequently distrib¬ Col., C. & I. This company forms part of the Penn¬
Cost of road $898,324; paid-up stock,
uted a large amount jof stock. (V. 17, p. 77; V. 20, sylvania system, and leases the St. Louis, Alton & panies.
Terre Haute. In 1'73 the net earnings were $690,909. $185,000.
p. 77,140.)
Kansas City, St. Joseph eft Council Bluffs—This is
Indianajwlis eft Vince"nes— Road is leased to a consolidation of the Council Bluffs & St. Joseph,
Huntingdon <fe Broad Top.- Capital stock is $1,870,000. Gross earnings in 1873 were $431,107; net, Pennsylvania Company at 30 per cent of gross qyn- St. Joseph A Council Bluffs, and the Missouri Val¬
ings, but rental guaranteed to lie $206,000 per annum. ley Company’s line, Kansas City to Council Bluffs,
$190,104. (V. 16, p. 356.)
2()3 miles; branch, St. Joseph to Hopkins, 61 miles.
Illinois Central.—Net revenue in 1874 was $2,775,- Gross earnings in 1873 were $253,784; net,$62,137.
International tft Great Northern (Texas).—This is a Stock, $2,776,000. Net earnings in 1872-3, $306,302,
3b2 on the road and $367,*56 from lands
The
Interest defaulted Sept., 1873. (V. 17, p. 388, 649.)
company guarantee $i,000,000 bonds of N. O.; also consolidation of the International and the Houston
Kansas Pacific.—In 1873 net larnings of Kansas
hold $4,842,000 of their 7s gold against I. C. 5s Great Northern. Full report V. 18, p. 519. Con¬
The company had an Pacific were $1,446.30 against $1,494,447 in 1872. Tlw
above mentioned. The bonded debt in proportion vertible bonds in default.
land grant is in two trusts, 2,000,000 acres in the first
to stocks is still small as compared with most other issue of Texas bonds granted it, but the grant was
companies. The management of the road has been repealed and land given instead. (Vol. 19, p. 17; V. and 3,000,000 acres in the second. Interest on in¬
come bonds is payable in lands or cash, only out of
one of the best in the country, and its land grant
20, p. 186, 291, 313.)
net earnings. Nov. 1, 1874, the company resumed
highly profitable. The direct line to New Orleans
Iowa Falls eft Sioux City.—Leased to Illinois Cen¬
payment of half the current interest on its bonds,
formed in 1873-4 has not been long enough in ope¬ tral at 35 per cent, on earnings.
according to the funding arrangement, which had
ration to show its full effects upon the company’s
Iron Mountain, Chester db Eastern.— This was for¬ bsen accepted by a large proportion of bondholders.
receipts. In 1874 dividends were reduced to 8 per
merly the Chester & Tamaroa. Bonds are in de¬ Subsequently a suit w«s commenced and is pend¬
cent.
The following is a comparison for four years:
fault since 1873, and a receiver was lately appointed. ing. (Annual report. V. 19, p. 271 ; V. 17, p 628.
Gross
Net
Interest,
(Vol. 19, p. 520.)
752; V. 18, p. 297; V. 19, p. 365; Vj 20, p. 8, 85.)
Year.
Earnings.
Earnings.
Ac.
Jacksonville, N. W.
Kent County.—This road was completed in 1872,
1874
$2,775,862
$413,610 and defaulted after <fc 8. E.—Was building in 1873,
$7,900,721
panic. No litigation as yet. Has but defaulted in 1873.
No recent information re¬
1873
8,268.325
558,437
2,530,890
ceived.
|
1872
8,026,754
2,103,107
557,420 thirty miles finished.
Jacksonville, Pensacola <fc Mobile.—This Florida
Kentucky Central.—This, was formerly Covington
1871
.-.
8,401,142
2 732,847
573,182 road is
mortgaged for a like amount of State bonds. A Lexington, and has been in litigation for some
—(Last annual report, v. 20, p. 140, 288; see also In default ana
litigation. No icports are made. years. No reports furnished. (V. 17, p. 188, 251.)
P-61.)
Keokuk eft Des Moines.—This is the Eastern Div.
Indiana db Illinois Central.—This road defaulted (V. 17, p. '55; V. 19, p. 629.)
Jefferson. -Leased to the Erie Railway Company, of Des Moines Valley, re-organized. Inrerest on the
after the panic, and is noticed for sale on April 26,
which pays interest on the bonds. (V. 14, p. 628.)
first mortgage is funded to April, 1876. (V. 19, p.
1875. (Y. 20. p. 162.)
Jefferson, Madison db Indianapolis.—Leased in 82. 583.)
Indianapolis, Cincinnati db Lafayette.—The com¬
Lake Erie <ft Louisville.—This road was a reorgani¬
pany was re-organized in June, 1873, and has since 1871 to Pittsburgh, Cincinnati & St Louis Railroad
been doing a large business. The debt is large, but for interest ana sinking fund of bonds and 7 per zation, and has been financially embarrassed. There
the managers have confidence in the future success cent, a year on stock. Lease transferred December, is a second mortgage of $590,000.
See V. 19, p. 366.
Lake Shore & Michigan Southern.— The last annual
of the road. The last annual report was in Y. 19, p. 1872, to Pennsylvania Company. In lts73, net earnI ings, $446,300; deficit to lessees, $89,000.
report was f»lly reviewed in the Chronicle, V. 18,
22; see also p. $47, 4*3; V. *0, p. 162.
Hartford, Providence db FishkUl.—This road form8
proposed line of the Boston, Hartford
& Erie to the Hudson River. Its gross earnings in
1872-3 were $1,064,949; net, $175,132.
Houston db Texas Central.—Gross earnings in 1874
a
part of the
.
Indianapolis, Bloomington <ft Western—Default was
flrBt made July, 1874, and a
fered which is yet pending.
4
4
RAILROAD STOCKS and bonds,
xxn
Subscribers will confer
a
great favor by giving immediate notice of any error discovered in
these Tables.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
[April 3,. 1875
explanation of column headings, &o., see notes
at the head of first page or
tables.
Miles
Date
of
of
Road. Bonds.
Size,
or
Amount
Par
Value.
Outstanding
1870
$1,000
$1,280,000
1873
1872
1809
1855
1857
1850
1859
1.000
9,500,000
1,000
1,000
1,000
1,000
3,529,000
1,189,000
Rate per
Cent.
pal, When Due.
I Where Payable, and by
When
Whom.
Payable
Slocks—Last
Dividend.
„
■
Michigan Southern—(Continued)—
1013
Consolidated, mortgage, 1870, registered
540
2d mortgage, do. (for $25,000,000) eoup. and reg.
Income bonds (s. f. $000,000 per yr.) coup, or reg.
Mortgage bonds of Oct., 1800, sinking fund
52!.
1st mortgage, sinking fund, M. S. ck N. I
2d mortgage, Michigan Southern
521
05
1st mortgage (D., M. <fc T. RR.)
90
2d mortgage (C., P. & A. RR.) registered bonds..
Lake Shore d
CUi
Lake shore dividend bonds,
1st
April, 1800
mortgage (C. &, Tol. RR.) sinking fund
103
103
2d
mortgage
do
Buffalo & Erie, mortgage bonds
do
do
do
do
Kalamazoo & White Pigeon
Schoolcraft ck Three River
Kalamazoo & Schoolcraft
88
88
88
37
58
52
Kalamazoo, Allegan ck Grand Rapids
Jamestown & Franklin, 1st mortgage
do
do
2d mortgage
Lake Shored• Tuscarawas Valley— 1st mortgage
Lake Superior d Miss— 1st mort., gold, l.gr.,s.f
Income mortgage bonds
Lawrence—Stock
1st mortgage
Leaven., Law. d Galv.—1st mort., l.gr. ,s.f., conv—
Kansas C. & Santa Fe, 1st mort., guar
Southern Kansas, 1st mort., guar
52
1,000
5,256,000
2,692,000
924,000
1,000,000
1 8«7
1 000
i
1809
1855
500 &e.
1800
1862
1800
1808
1809
1807
1807
1808
1803
1809
1,000
1,000
1,000
500 &<\
%
450
33
10
Lehigh d'■ Lackawanna—1st mortgage
Lehigh Valley—Stock, common and pref
1st mortgage, coupon and registered
2d mortgage, registered
General mortgage, gold (for $40,000,000)
Delano Laud Company bonds, endorsed
15
202
171
200
Little Miami—Stock, common
1st mortgage
81
70
1,000
5,000,000
720,000
160,000
300,000
50
21,505,447
5,000,000
6,000,000
50
1,000
1,000
1,000
1,000
l'ooo
50
1857
1870
15S
94
mortgage, sinking fund
Logansp't, Crawfordsv. d S. Hr. of Ind.—1st m.,g
450,000
345,000
1,000
1,000
1,000
1,000
1853
1804
1809
1S08
1,000
100 ike.
2d mortgage
Long Island—Stock
IsiE mortgage, main line
.
50
500
Extension
Glen Cove branch
50
100
175
Louisville, Cincinnati d: Lexington—Stock
Preferred 9 per cent stock
Bonds to State Kentuekv (perpetual loan)
Louisville «fc Frankfort bonds
Louisville loan
05
.
do
do
do
2d
do
175
29
31
Mortgago bonds (Shelly cut-off')
Sr. Alb. d St. L. Air-Line—1st mort
Louise.,
005
185
Louisville d: Nashville—Stock
1st
mortgage on main stem
Louisville loan
Lebanon branch, Louisville loan
....
40
Memphis branch, 1st mortgage
Lebanon branch, 1st mortgage
do
extension, Louisville loan
Consolidated 1st mortgage for $8,000,000
Memphis ck Ohio, 1st mort., sterling, guar
475
130
S3
185
20
■..
*
Memphis ck Clarksville br., 1st mor., sterling
Louisville, Paducah d S. Tir.—1st mort
:
Lykens Valley—Stock
liacon d Augusta—1 st mortgage
2d mort., endorsed by Georgia Railroad
Macon d Brunsivick—1st mort., State endors
2d mortgage
Equipment bonds
Madison d Portgage—1st mort., gold
Mansfield d Framingham—1st mortgage
Stock
50,000,000
38,373,421
1,136
1,181
earnings.. $19,411,5 0 $17,591,629 $14,797,975
Operat’g exp es. 13,746,598
11,839,525
9,779,800
Net earnings....
5,667,910
5,752,103
5,0'.H,169
50,000.000
32,835,020
37,475,830
30.039,970
Total debt
The company’s statement of earnings for last half
of 1874, on which the dividend was made Febru¬
ary, 1875, show’cd net receipts of $,1610.383. The 2d
general mortgage for $25,000,000 is to pay floating
debt and bonds of 1882, with $12,000,000 and balance
to be held for improvements as wanted.
(V. 18, p.
88, 266, 469, 430, 629; V. 19, p. 345; V. 20, p. 16, 85,
140.)
Lake Shore d Tuscarawas
sold under a 2d mortgage,
Valley.—This road was
Jan. 27, 1875, and re¬
organized. See V. 20, p. 6 ,140.
Lake
31*2
7
8 g.
6
8,984,601
1858
1,000
1850
1,000
1800
1803
1803
1.000
1,000
1,000
1,000
176,000
849,000
225,000
47,000
88,000
333,000
£200
£200
as
6
6
7
7
6
7
7
6 g.
100
$20,489,162 45.
600,000
5
1,000
1,000
400,000
i
500 ike.
500 Ac.
500
1,000
....
•
8
370,000
7
2,500,000
r*
1,100,000
150,000
600,000
1,000,000
7
300.000
/
7 g.
5
7
equipment was given
statement for
A comparative
follows
:
1872 3.
1873 4.
Passengers carried one mile.. 16,478.563
*Coal (.tons) moved one mile.227,152,611
1 7,4(i0,832
224,431,467
6,710.565
3,884,860
6,759,39’
3.471,418
2.825,705
23,222,446
10,875,000
3,287,973
24.505,447
10,859,000
'Gross
earnings
Operating expenses.,
Net earnings
Capital stock (prof, and com.
Funded debt
Floating debt
*
1,837,643
Anthracite,
(V. 18, p. 297, 504, 527; V. 20, p. 311.)
Little Miami.—This company leases the Columbus
& Xenia, and both are leased to Pittsburg, Cincin¬
nati & St. Louis, * uaranteed by Pennsylvania RR.,
lessees assuming interest payment on bonds and 8
per cent on stock.
Little Lock J- Fort Smith.—Foreclosed and sold
Dec. 10, 1874.
(V. 19, p. 583, 617, 639; Y. 20, p. 62.)
Little Rock. Pine Bluff & Few Orleans.—Interest
in default.
(V. 17, p. 53, 649, 661.)
SupeHor d Mississippi. —This was leased to
Pacific, but lease vacated.
Land grant,
1,632,000 acres. (V. 20, p. 86, 140.)
Lawrence.—Leased to Pittsburg, Fort Wayne &
Chicago at 40 per cent on gross earnings. 'Lease
transferred to Pennsylvania Company. Rental in
Little Schuylkill. —Leased and operated by Phila¬
1873, $75,152. Sinking fund has $10,000 bonds.
delphia & Reading. Dividends, 7 per c ut.
Leavenworth, Lawrence d Galveston.—Defaulted
Logansport, Crawfordsville d* S. W. of Ind.—This
on interest July, 1873.
Recent transactions given in road was in
progress and defaulted in 1874. For pro¬
V. 19, p. 39; V. 20, p. 110, 162, 264.
Lehigh d, Lackawanna.—Operated by Central of ceedings since see Y. 18, p. 248; Y. 19, p. 219; V. 20,
p. 86, 312.
New Jersey as a coal road.
Lehigh Valley.—This company’s earnings are to Long Island.— No reports are made except those
the State.
In year 1872-3 gross earnings were
chiefly from anthracite coal. The gross receipts in
year ending Nov. 30. 1874, were $6,759,391; net, $895,716. (Y, 18, p. 144.)
Ixniisville, Cincinnati d Lexington.—Gross earn*
$3,237,973; m 1873-gross, $6,710,565; net, $2,825,705.
The new general mortgage is to retire the old debt, ings in 1872-3 were $1,212,027; expenses, $976,574;
and the balance for new expenditures.
In 1874 net earnings, $235,432. By contract, November,
$6,000,000 were issued. The company's report gives 1871. with the Chesapeake & Ohio, $1,000,000 new
no details of the construction account, nor oi the
stock was sold to C.
O. at 50, and $900,000 of old
cost or value of its miscellaneous investments.
In stock at 65. The company, after paying dividends
lb* Pennsylvania State Railroad Report for 1872-3 on preferred stock for koine years, defaulted on
North
'
do
do
do
do
do
do
do
do
do
do.
do
do
do
do
do
do
do
do
N. Y., Union Trust
do
do
July, 1887
July, 1887
July, 1888
Jail. 1,
June 1,
Co.
Cleveland, Ohio.
Y., Boston ik Pliila.
J. N.
A. ck O.
Co.
Co.
Julv, 1899
Pittsburg Office.
Q.-J.
1892
.
Philadelphia Office.
1898 ck 1923
Jan., 1892
Mill*. 10, 1875
Cincinnati.
May, 1883
NT. Y., Bank of America.
Cincinnati.
Various
J. ck J. Bost., Nat. B’k Com’ree.
do
A. ck O.
do
A. ik O. N. Y., Union Trust Co.
J. ck J.
Philadelphia Office.
A. ck O.
do
Q.-F. N. Y., Jones ck Schuyler.
M. A N
1894
1, 1900
April 1, 1900
April, 1900
Jan., 1875
Jan.
Oct.,
.
ck
F. ck
M. ck
J. »k
J. ck
J. ck
J. ck
J. ck
J. ck
J. ck
A. ck
1875
1895
Fel)„ 1897
Jan. 15, 1875
June, 1898
Sept., 1910
ck I). Reg. at office, cp.B’kN.A
ck s
Philadelphia Office.
do
do
ik D
ik J.
Philadelphia Office.
J.
1899
1902
May, 1890
do
Q.-J.
1837
1894
Jan.,
Oct.,
April,
Aug.,
do
do
1892
1877
Aug., 1900
1873
July, 1898
J. N. Y.t Vermilye ck Co.
A.
Philadelphia.
do
N.
D.
J.
Louisville.
J.
J. V, Y , Bank of America.
J.
do
do
do
J.
do
do
J.
do
O. N. Y., J. B. Alexander.
1890
1893
June, 1869
July, 1873
1900
Jail., 1874
Jan,, 1881
Jan., 1897
April, 1900
iX.
h
/
2,425,000
3,000,000
100
is
6,964,000
3,500,000
7
4
1,000
....
1809
J.
O.
J.
S.
O.
J.
J.
J.
J.
J.
D.
Oct.,
April,. 1899
July, 1885
April, 1886
July, 1882
Sept., 1886
April, 1898
Jan. 1, 1890
Company’s Office.
6
7
6
3
4 L>
6
100
1870
do
Aug., 1876
Jan., 1880
21,000
1871.
1,073
7
780,000
the cost of construction and
two years
rj
i
1,000
at
1872.
6
6
<> g*
8
1871
IS 72
IS 70
do
Q.-M.
7
1808
do
do
do
do
ck
J.
M.
j.
J.
6
881,000
1870
1S72
1872
89, 1874.
Miles
Gross
74,519
35,000
25,000
do
do
do
do
.....
7
2 hi
100,000
p.
469, and a later report in V. 19, p. 372, to June
The following shows a summary of the
figures for each of the calendar years named :
10
8
1, 1903
1, 1882
Oct., 1879
May, 1885
Nov., 1877
Oct.
F. ck A. N. Y., Winslow, L. A
J. ck J. N. Y., Farm. L. ck T.
Boston Office.
M. ck N.
3,000,000
/
39
20
22
Manchester d• Lawrence—Stock
1873.
851,000
Dec.
do
do
N, Y., Bank New York.
....
O
2,623,483
Trust Co. July 1, 1900
7
10
4,608,000
1,500,000
525,000
3,300,000
1,500,000
175,000
150,000
N. Y., Union
do
do
J.
7
2,616,100
759,500
1,500,000
D.
O.
O.
N.
N.
A.
J.
O
0.
7 <r
10
2 L2
1,000
1,000
1,000
1851
1S07
77
1809
197 k2 ’67-’70
1971*2 1809
/
8
1,797,000
1,000
175, 1807
....
8
6
6
29
Louisville, Cincinnati ck Lexington, 1st mort
/
7
7
6
3,500,000
3,780,000
750,000
ck
ck
ck
&
ck
ck
ck
ck
ck
ck
ck
ck
ck
«fc
J.
M.
A.
J. ik
J. ck
J. ck
J. ck
J. ck
J. ck
r-»
8,S59,000
1 000
Lexington *k Frankfort
A
A.
J.
A.
8
4,500,000
1,500,000
1,000
1,000
1,000
1870
7
7
7
7
7
7
7
7
7
7
7
500,000
2,000,000
1,000
1805
1809
1870
1872
1808
1870
1873
1872
t
468,000
-
500 ike.
500 &<»..
50
31
31
92
1st
3,000,000
400,000
100,000
Q.-J.
J.
A.
A.
M.
M.
F.
J.
7
840,000
1,000
1870
150
200,000
300,000
100,000
141
Street connection bonds
Little Pock d Fort Smith—1st mort,, gold
Land grant, sinking fund
Little Pock, Pine Bluff d X. O.—1st mortgage
unit non
1,444,000
1,595,000
860,000
1,000
1809
1872
*>»>
17
145
1,000
7
7
7
F. ck A.
J. ck J.
A. ck O.
M. ck N.
M. ck N.
M. ck N.
A. ifc O.
A. ck O.
J. ik D.
F. ck A.
M. ck S.
F. ck A.
J. ck J.
J. ck J
Various
A. ck O.
A. ck O.
A. ck O.
M. ck N.
J. ck J.
Louisville.
N. Y., Drexel, M. ck
do
do
do
do
Louisville.
do
do
N. Y., Drexel, M. ck
Aug. 1, 1873
Co.
Jan. 1, 1875-’6
1860 to 1887
1886
May, 1875
Nov., 1880-’85
Oct, 15, 1893
Co.
Loudon, Baring Bros.
do
do
New York.
c
Philadelphia.
N.Y.,M.K. Jesup.P.ckCo.
*
N.Y., M.K.Jesup.P.ckCo.
do
do
New York.
Manchester and Boston.
Boston, Bost. Nat. Bank.
interest 1873-4.
Receiver took
April, 1898
Dec.,. 1901
Aug,, 1902
Meh. 1, 1890
Feb., 1875
1887
1879
1887 to 1900
1889
1879
Oct., 1890
Nov, 2, 1874
Julv 1, 1889
possession in Sep¬
(Y. 18, p. 248, 273, 2S7, 455; V. 19,
p. 242 )
Louisville, New Albany d St. Louis Air-Line.—
tember, 1874.
p. 351; V. 20,
This road was
Louisville to St.
projected as a straight line from
Louis, and had 28 miles built when
stopped by the panic. The managers hope to go on
if they can sell bonds ; few of those out were sold
to the public.
(V. 17, p. 753; V. 20, p. 16.)
Louisville d Nashville. This line had a monopoly
for some years as the main route to the Southwest,
and paid dividends of 8 or 9 per cent annually. Sub¬
sequently the policy of extension was entered upon
and the Nashville & Decatur road leased, and lia¬
bilities assumed for the Southern & Northern Ala¬
bama, The last dividend paid was in August, 1873.
The last report to Julv 1, 1874 is given in V. 19, p.
423 See also V. 17, p! 524; Y. 20, p. 16.)
Louisville, Paducah d S. W.—This was the.Eliza¬
bethtown & Paducah, to which Louisville city
loaned $2,000,(00/ In September. 1874, for .lack of
further advances by the city, interest was not paid.
(V. 19, p. 189, 366.)
'
Lukens Valley.—Leased to Summit Branch Rail¬
road at $62,500 per annum.
Macon d Augusta.—Leased and operated by the
Georgia Railroad, which guarantees all the bonds
except $100,000 of first mortgage.
Macon d Brunswick.—This road had the endorse¬
ment of the State of Georgia, and, being in default,
is now held by receivers for the State. The Georgia
Legislature has declared fraudulent the $600,000 en¬
dorsed bonds issued in 1870. (V. 15, p. 657; V. IT*
p. 53, 643; Y. 19. p. 351, 366, 479.)
Madison <fc Portgage.—Consolidated as Chicago
& Superior. No bonds could he sold after the
“Potter law.”
Manchester d Lawrence.—Formerly operated with
the Concord Railroad as one line. Net earnings
•
1873-4, $100,722.
Mansfield & Framingham.— Leased to Boston,
Clinton & Fitchburg, at 25 percent of gross earn¬
ings.
(V. 16, P. 18&)
.
.
•
llAILROAD STOCKS
April 3, 1875.]
Subscribers will confer a great favor by giving Immediate notice of any error
DESCRIPTION.
For
explanation of column headings, &e., see notes
at the head of first page
Hfrt
> »>/*
of tables.
Miles Date Size, or
of
of
Par
Road. Bonds Value.
357
33
357
flPiltmli—Stop.lc
$100
19
1872
1860-1
1870
38
consolidated
Bonds ($1,100,000 loan) A. A. K. UR
1st mortgage,
18(58
187 L
....
Extension bonds, 1870, gold
New loan for $1,10.),OOO, gold
Leeds <t Farmington Railroad loan
..
Androscoggin Railroad; Bath City loan
Portland & Kennebec, stock
do
do
Yarmouth stock certf’s—
do
do
1st mort., extended
consolidated mortgage
do
do
Somerset & Kennebec, 1st and 2d mortgages
Belfast <fe Moosehead, 1st mortgage
7. ~
Marietta, Pittsb. if: Cleveland— 1st M., $14,000 p.m.
Marietta <£• Cincinnati—Stock, common
Stock, 1st preferred
100 ite.
....
....
72
.
.
100
100
loo
100
....
Outstanding
Rate per
Cent.
When
Where
1863
1865
....
....
33
500 ite.
1870
1870
100
27(5
1,000
50
50
50
•
....
....
2d mortgage
3(1 mortgage
4th mortgage for $1,000,000
Scioto & flock RR., 1st mortgage
:
Cincinnati & Balt., stock, guar by M. C
do
do
1st mort., guar, by M. & (’
Marquette, 11. if O—1st mort., 1 gr. M. & O., c
1st mort., 1 gr., II. & O., coup
Consolidated mort., M., H. & O., coup
....
....
30
50
7
1,100,000
(5
496,500
755,000
(> g-
7 g.
425,000
741,400
37,000
217,300
1,1(56,700
560,000
150,000
1,500,000
1,380,000
....
3
44
94
54
54
2d mortgage
.....
....
49*2
Maysville if Lexington—1st mortgage
Memphis if- Charleston—stock
....
....
-
1870
1,000
291
25
loan
....
....
131
Memphis if Little Pock—1st mort., 1. gr
.
....
.
1873
1860
....
....
A. A O. Bust., Nat. li’k
F. A A.
do"
A. it O.
do
J. it J.
do
J. it J.
J. it J. Bost., Nat. B’k
J. it J.
Augusta.
A, it O.
do
(lo
A, it O.
A. it O. Bost., Nat. B’k
5(59
284
284
284
Michigan Central—stock
1st mortgage, convertible, sinking fund
1st mortgage, convertible
Consolidated mortgage (for $10,000,000)
Michigan Central (Air Line mortgage)
Michigan Air Line 1st mort., assumed by M. C
Equipment bonds
103
10
....
39
39
Kalamazoo it South Ilaven, 1st mort., guar
do
2d mort,, guar
do
Grand River Valley, 1st mort., guar
2d mort., guar
do
do
do \
do
stock, guar
Detroit it Iiav Citv 1st mortgage, guaranteed
Jackson, Lansing it Saginaw 1st mort
2d mort., eonv.
)
(
1st mort. (N. of Win.), eonv.
Cons. m. on whole line (300m.)
[
1
94
94
....
....
11(5
11(5
x
~
~iL
.
23(5
5(5
57
126
Z H £
Michigan Lake Shore—1st mortgage
Midland Pacific— 1st mortgage,
gold
125
140
32
35
100
Milwaukee, Lake Shore if Western—1st m.,gold
Mine Hill if Schuylkill Haven—stock
Mineral Point ( U7.v.)—1st mortgage
Mississipjti, Ouachita if Red River—1st m.,gold
Consolidated bonds
Tennessee Stale loan
7
4
300,000
7
8
S
8
(5
(5
7 g.
500,000
5,312,725 3 per y’r.
6
1,814,142
7
7
10
8
1,000.009
(500,000
1,300,090
Hannibal it Central Missouri, 1st mortgage
do
do
2d mortgage.
Missouri R., Fort Scott if Gulf—1st m. l.gr.s. f
2d mortgage, coupon, may be registered
Mobile if Girard—1st mort. ($212,500 end.)
2d mortgage, endorsed by Georgia Railroad
Plain bonds
Maine Central.—A. contract for operating was
made with the Eastern, Mass., in June, 1873.
The
Maine Central leases several roads. The report of
the year's operations, ending Dec. 31, 1871, showed:
Tne total earnings for 1873 were #2,0(58,077.78; total
earnings for 1874,2,01)4,080.55, showing an increase of
$2 i,0.12.77. The operating expenses for 1873 were
$1/130,501.44; net earnings for 1873, $737,576.34. The
operating expenses for 1874 were $1,281,681.25; net
earnings for 1874, $812 3 *9.30; an increaso for 1874 of
$74,822.96. Receipts fro n passengers were $910,381.89; from freight, $1,028,965.41; from all other
sources, $154,683.25.
A general stagnation of busi¬
ness throughout the country materially affected the
of the road, so that its gross receipts have
business
only been increased over those or 1873 some $26,000;
but the practice of rigid economy in working the
road has given an increase of net earnings over last
year of $74,)-22.96.
During the year the bonded
debt of the company was reduced by the payment
of the
$474,000
Penobscot and Kennebec Loan
100
Portland and Kennebec Interest Funded L’n
1,3"0
Somerset and Kennebec 1st mort., in part. 247,000
l.
....
640,090
70,000
1,000
7
8
8
8
1,000
1,000
100
1869
..
1872
18(55
1868
1870
1871
18(59
1869
1870
1872
1,000
1,000
1,000
1,000
.
1,000
50 See.
1,000
50
1868
1870
1,000
1,000
500,000
8
8
8
8
491,200
2*2
424,000
1,000
8
1,000,000
1,450,000
8
289,000
923,000
1,591,000
8
8
8
8
880,000
1,100,000
18,000 p. ill.
3,000,000
3,969,(500
320,000
500,000
(500,000
1,254,500
409,444
1856
186(5
7 g.
8
.
7 g.
4
10
7 g.
7
s
1890 to 1891
do
do
do
Oct.,
July, 1901
July, 1891
Jail. 15, 1875
Com’ree.
Me.
April 1, 1889
Com’rce.
M. it N,
Belfast and Boston.
F. it A. N. Y., Winslow, L. it Co.
M.
M.
F.
F.
M.
J.
M.
J.
J.
J.
J.
F.
M.
J.
J.
J.
J.
M.
J.
M.
M.
1900
July, 1898
May 15, 1890
Aug. 1, 1895
Sept'.',
it S.
it S.
it A. •Balt., R. Caret & Sons.
it A.
London.
it N. Balt., R. Caret it Sons.
it J.
do
do
do
do
it N.
do
do
it J.
it J. Balt., Mereli. Nat. Bank
it D. Boston, N. E. Trust Co.
it J. N. Y., Company’s office.
it A.
do
do
it N, Bost., Bk. of Commerce.
it D.
do
do
it J. N. Y., Ilowes it Maev.
it I).
it J. N.Y., 3d N:itimi;il R;mk
it N. N. Y„ R. T. Wilson it Co.
it J.
do
do
it S.
do
do
it N. N. YL, Swenson, I*. it Co.
Sept.,
Aug. 1,
Aug. 1,
May 1,
July 1,
1860
18(50
1891
1891
1890
1890
May 1, 1890
Jain, 1900
1,1892
June
July 1, 1892
Aug. 1,
Nov. 1,
Dee. 1,
July 1,
1892
1885
1889
1890
May 1, 1880
Jan. 1, 1885
1873 to ’78
May 1, 1890
3,220,000
<> g.
7 g.
7 g.
7 g7
10
19
7
8
8
1.000
350,000
13,504,000
•1,000
1,100,000
1,000
250,000
5,000,090
2,000,000
!
18(59
1870
’59-’(56
1869
18(57
it J. New York and Boston.
it O.
Boston Office.
it O.
do
it
it
it
it
it
it
it
A
it
it
it
it
it
it
it
it
it
J. it
J. it
J. it
J. it
A. it
J. it
Jan., 1873
Oet. 1, 1882
Oet, 1,1882
N. N. Y., Farm. L. it T. Co.
J.
do
do
N.
do
do
do
O.
do
N.
do
do
do
do
N.
J.
S.
J.
N.
J*
S.
do
do
do
do
do
do
do
do
May 1, 1902
Jail. 1, 1890
1890
April 1, 1883
Nov. 1, 1890
Nov.
1, 1890
July 1, 188(5
Jul}' 1, 1879
Jail., 1875
May 1,1902
July 1, 1885
do
do
do
do
do
do
do
do
March 1, 1878
N.
S.
J. N. Y., Winslow, L. it Co.
A.
N. Y., Turner Bros.
D. N. Y., Merchants’N. Bk.
May 1,1890
Sept. 1, 1891
D.
J.
J.
J.
().
J.
June 1, 1902
1889
Aug., 1899
Dee., 1901
Jan., 1875
Philadelphia, P.& 11. Co.
Detroit, 1st Nat. Bank.
Jan. 1, 1890
Memphis, Office.
April 1, 1870
1890
do
f*
21,405,000
1,000
1,000
1870
J.
A.
A.
M.
J.
M.
A.
M.
M.
J.
M.
J.
M.
J.
M.
M.
M.
J.
F.
J.
(5
100
1870
1871
70
70
1(51
1(51
85
85
8
1,000
1868
2(59
556,000
8,000,000
1,900,000
200,000
800,000
1,000
1,000
1866
100
.
8
3,000
1874
1870
1870
.
2,179,000
1,000
1872
1869
182
1st m., gold. sink, fund, on road and land (U.P.S.Br)
1st mortgage, gold (Tebo. it Neosho)
Consolidated mortgage, gold, on road and land...
4s.
18,738,204
1,000
785
Missouri, Kansas if Texas—stock
Preferred stock (for $7,000,000)
City of Bangor Loan
8
Com’rce.
1.000,000
2d mortgage
do
3 s.
3 s.
7
7 g.
8,103,650
4,438,000
2,450,000
1,050,000
2,500,000
3,000,000
2,004,000
11293,000
1st mortgage*, convertible
2d mortgage
Income bonds...
do
do
(5
(5
<5
(5 g.
7' g.
750,000
1,910,000
2,000,000
1,7(50,000
850,000
1 50,000
1872
...
3
1,125,000
1,000
July 15, 1874
April 1, 1912
9
496,892
545,800
1,000
1869
1870
Stocks—Last
Dividend.
Payable, and by
$3,634,520
ioo
....
Maryland if: Delaware— 1st mortgage
Tmrnosse
....
Ponds—Priuci
pal, when duo
Whom.
Payable
1875.(V
17183.The 874.Lands
do
do
2d
1st mortgage, dollar
1st mortgage, sterling
■
discovered in these Tables.
INTEREST OR DIVIDENDS.
Amount
633,000
1861
ii
jtxm
500 ite.
500
1,000
500
377,500
300,000
33,500
J.
J.
F.
M.
M.
J.
A.
J.
J.
J.
“
with the Baltimore & Ohio Railroad, which has
made large advances for recent construction and
the “Short Line.” (V. 18. p. 527; also V. 17, p. 219.)
it
it
A
it
it
it
it
it
it
J. N.Y., Clark,Dodge it Co.
I).
do
do
A.
do
do
do
do
N.
N.
do
do
J. N. Y., Farm. L. it T. Co.
O.
Boston, Co.’s office.
J.
Savannah.
J. N. Y., Nat. Citv Bank.
it J. Savannah, C. RR. Bank.
Jan., 1889
Dee., 1900
Feb., 1904
Mav, 1890
Jan. 1, 1899
April 15, 189(
1872 to ’7(5
Jan., 1889
Jan., 1887
freight war,”
be earned by July,
143; V. 20, p. 101.)
M chigan Lake Shore.—Defaulted 1872, and hi
receiver’s hands. (V. 18, p. 218, 501.)
Marquette, Houghton ifc Ontonagon.—This is a con¬
Midland Pacific.—This was one of the roads repre¬
solidation of Marquette & Ontonagon and Hough¬
sented
ton & Ontonagon.
Lands amount to 425,001 acres, which by Messrs. Turner Bros, in New York, <f
Benj. E. Smith was president. Default in in¬
chiefly timber and nrneral. Stock, $2,30(5,700.
terest was made in February, 1875.
No recent
Manyland ife Delaware.—This line was leased by information obtained. See advertisement, August,
the New Jersey Southern, to form part of the
872,
through route. Lately proceedings looking to fore¬
Mi’waukee J* Northern.—'’Phis Wisconsin road,
closure have been started.
(V. 16, p. 661 ;Y. 20, after surviving the panic, defaulted on interest Janu¬
p. 242.
ary, 1875.
The “Potter law” is alleged as the cause.
Milwaukee, Lake Shore <£ Western.—This is one of
MaysvUle & Lexington.— Defaulted July, 1873. (V.
the unfortunate Wisconsin roads.
In 1873 the net
19, p. 143; Y. 20, p. 186; Y. 20. p. 313).
Memphis
Charleston—This road was leased to earnings were $7,000; cost of road and equipment,
the Southern Railway Security Co., but in 1874 the $3,750,000.
Mine Hill & Schuylkill Haven.—Leased to Phila¬
lease was cancelled and Mr. R. T. Wilson, President
of the East Tennessee, Virginia & Georgia, road was delphia & Reading, May 1864, for 999 years; 8 per
elected President of the Memphis & Charleston, cent dividends on stock.
Mineral Point.—Total receipts 18/3, $128,121; ex¬
with a new board of directors. No recent report has
penses and interest, $130,6.4; cost of road, £c.,
been obtainable. (V. 19, p. 424.)
18,
a dividend should
p. 15, 167; Y. 19. p.
j
$1,200,000.
Misstssipjn, Ouachita & Ped River.—Has a land
November, 1872. No recent information. grant of 257.000 acres. (V. 17, p. 649, 661.)
(V. 17, p. 380, 649.)
Mississippi <£ Tennessee— Net tamings fiscal year
Total
$722,400
Michigan Central.—'The annual report to May 31, ending Sept. 30, 1874, $224,695.
These liabilities were met by the sale of consolida¬ 1874, showed gross earnings on main line and
Missouri, Kansas & Texas.—'This road was build¬
ted bonHs, and by notes payable, increasing liabili¬
branches of $7,634,081, and net earnings, $2,110,4 59. ing under most favorable auspices and showing good
ties only $14,332.* Since the date of '.he Treasurer’s (See V. 19, p. J 43.) A report for hair year to De¬ earnings, but succumbed in December, 1873, and
assed interest. A compromise with bondholders
report $10,700 of the Somerset and Kennebec bonds cember, 1874. showed a surplus above interest pay¬
ad been nearly completed, when a suit was brought
have been paid, which leaves but about $12,000 of ments of $582,162, which weut towards reducing
these bonds outstanding. (V..18, p. 583} see also the floating debt. rJ he floating debt Jau. 1, 1875, and a receiver was appointed, December, 1874. Land
rant is about 4,565, H2 acres.
V. 19, p. 190; Vol. 20.
was $98,288, against $1,056,452 on the 1st of June,
Recently there have
p. 313.)
een
of *<ack.. Lang. & S. are 192,1)00 acres.
reports of propoesd consolidation with the
Marietta, Pittsburgh. & Cleveland.—A new mort¬
Last report and de¬
gage of $4,000,000 was to be issued January, 1874, to The J., L. & S. debt is assumed by Michigan Cen¬ Atlantic & Pacific Railroad.
take up the above and provide further means. Net tral, which also pays $70,000 per vear on the stock, tails of debt in Chronicle, V. 19, p. 29. (Y. 20,
1’he last dividends p. 16, 141.)
oue-third of which it owns.
earnings in 1873-4 (on 68 miles) were $41,312.
Missouri River, Fort Scott & Gulf.—The stock
Marietta & Cincinnati.—Gross earnings for the paid were 5 per cent cash, July, 1872, and 3 scrip,
year 1874 were $2,094,510; expenses, $1,571,359; net January, 1873.
The main causes which led to the is $5,950,000. Interest paused October, 1873. (V. 17,
earnings, $523,150 against $432,539 net earnings in cessation of dividends were the competition on p. 835; V. 18, p. 15.)
Mobile & Girard.—The Central Railroad of Geor¬
fourth mortgage for $4,000,000.was au¬ through freight, the large improvements demanded
thorized in 1873. This road forms a part of the on the i*. C., and the heavy obligations assumed for gia endorses $212,500 of the first and all the second
through route, and is operated in close connection branch ro^1*, Unless earnings are reduced by the mortgage bonds. Net earnings 1873-4, $4,249,
Memphis cfc Little Pock.—Interest has been in de¬
fault
since
RAILROAD
xxiy
STOCKS
AND
BONDS
[Aprii 3,1875.
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For
Date
Size, or
of
of
Par
Road. Bonds. Value.
explanation of column headings, Ac., see notes
at the head of first page
Mobile d Montgomery—stock
Mobile d Ohio—stock ($4,000,000
Convertible 8 per cent bonds
F 1st mortgage, sterling
of tables.
Outstanding
$100
$2,950,800
100
5,320,600
186
516
in reserve)
....
1873
£ Interest bonds
21
& 1st
Consol, mort.
....
on
Boontou Br. Ac.
1867
1870
1870
118
118
fund
1864
(guar. D.L.&W.)
....
1866
vari’us
1871
1871
1875
31
345
57
.
42
57
p. 62.)
Mobile & Ohio.—The report for 1873 showed gross
earnings of $2,801,1.7; expenses, $1,896,264; net
earnings, $904 862. Of the new consolidated bonds
$12,*00,000 are held in trust to retire old debt. (See
annual report for 1373 in V. 18, p 607.)
Montclair.- This road was sold u der foreclosure
of second mortgage Dec. 18, 1874.
(V. 19, p. 39, 295,
366, 479, 634; V. 20, p. 16, 290.)
Montgomery d Eufaula.—Interest has been in de*
January," 1873. It is one of the State aid
roads, and no recent intelligence has been received.
(V. 17, p. 84, 156, 649.)
Monticello d Port Jervis.— Defaulted in 1873. (V.
19, p. 39, 143, 503.)
fault since
Morris & Essex.—This road is leased in perpe¬
tuity to the Delaware, Lackawanna A Western. The
all liabilities and pay 7 per cent on
10 net
Morris A Essex. In 1873 net earnings were
846. (V. 20, p. 85.)
on
$1,193,-
Nashville, Chattanooga <f- St. Louis.— Gross earn¬
ings of consolidated roads in 1873 4 were <1,876,630;
expenses, $1,313,757; net earnings, $532,875.
Nashville d Decatur. I,eased May 4, 1 '71, to Lou¬
isville & Nashville Company for thirty years.
Nashua d Lowell.—Net earnings in 187.3—4, $75,542;
nominal surplus Oct. 1, 1874, $187,362.
Naugatuck.—Net income 1873-4, $187,122.
-
Newark, Smerset d Straitsville.—Leased to San¬
& Ohio.
Guaranteed by Balti¬
Neiv Bedford.— This road is leased and operated
by the Boston, Clinton A Fitchburg for 8 per cent
stock and interest
on
Castle cfe Beaver
debt.
Valley.—Leased to Pitts¬
burgh, Fort Wayne A Chicago, and lease transferred
to Pennsylvania Company.
500
15
....
68A70
1869
13
52
|500 Ac.
ioo
1869
1870
1870
1871
68
37| | 1874
1869
78
2
1,000
1,000
1,000
1871
1873
1870
327
ib'6
....
1865
1872
1871
100
100
140
1,0001
1,000
•
1,000
ioo
100 Ac.
500 Ac.
1,000
1,000
1,000
1,000
1,000
Q.-J.
1869
7
6
7 g.
1,500,000
500,000
2,120,000
120,000
1,000,000
5,300,000
3,000,000
1,500,000
300,000
156,500
4,000,0001 8
/
6
7
7
7 g.
3,000,000
3,000,000
8
7
1,000
89,428,330
2
5,936,626
1,514,000
6
7
6
6
....
1,000
1,000
....
.
....
)
1871
1873
)
1873
1,000
1,000
1,000 5
7
76,000
592,000
1/000
166,000
6
-
7
88,000
2,900,000
1,894,000
166,000
1,950,000
23,000,000
6
7
7
7
{
0
New Haven d Derby—Net earnings 1872-3, $259,76.
New Haven city guarantees $225,000 of the bonds.
New Haven, Middletown & Willimantic.—Cora-
pleted April, 1873; defaulted November, 1872. (Y.
17, p. 211, 460,661.)
New Haven d Northampton.—Net earnings 1873-4,
$221,046; paid dividends of 3 percent annually since
1872.
New Jersey d New York.—This was a consolida'
tion of the Hackensack A N. York and Hackensack
Extension, and further built to Haverstraw. The
old bonds are about $300,000, 7 p. c., due May, 1890.
New Jersey Midland.—Receiver lately appointed.
President’s statement in V. 20, p. 290—substantially
that i he company, having exhausted its capital and
credit in construction, leased to the New York Mid¬
land for 7 per c< nt on its cost ; it had at the time a
floating debt of about $400,000.
After the panic of
1873 the road came back to the New Jersey Midland
without rolling st'-ck sufficient to operate it, and
without any means to pay accruing interest. The
bondholders then consented to fund their coupons,
and litigation was stayed.
The road at the time the
complainants late proceedings before the Chancellor
of New Jersey was earning at the rate of $560,900
per annum upon an essentially local business, built
up in a single year. Defaulted after the panic of 1873
and funded coupons. (V. 17, p. 258, 357, 804; V. 18,
p. 70; V. 20, p. 242, 258, 313 )
Nt w Jersey Southern.—This was a consolidation of
several roads, and leased the Vineland, Maryland A
Delaware, and Kent County roads. Stock, $5,000,000.
Interest .in default i-ince October, ’873. Litigation
in progress. (Y. 16, p. 595, 661, 684; V. 17. p. 588, 650;
V. 18, p. 168, 273, 4d5; Y. 19. p. 3*8; V. 20, p 313.)
New Jersey West Line.—In foreclosure.
(V. 19,
p.
Feb., 1875
July, 1876
Nov. 1,
Nov. 2,
1889
1874
July, 1, 1881
July, 1, 1894
April, 1875
1898 to 1900
May 1, 1889
New Haven.
do
do
N.
Oct., 1873
Jan., 1899
4pr. ’80 to ’82
1891
1895
1881
1893
Y., Co.’s Office.
do
do
A
A
A
A
A
N.
O.
S.
0.
N.
N. Y., Co.’s Office.
do
do
do
do
do
do
Nov.
1, 1889
1881
•
•
•
J.
N. Y., So. RR. Ass’n.
Jan. 1, 1912
J. N. Y., J. B. Alexander.
July 1, 1886
A O.
do
do
Oct. 1, 1890
A N.
N. Y., So, RR. Ass’n.
May 1, 1912
A N.
N. Y., J. L. King.
Nov. ’75 to ’81
F. A A.
do
do
1886
J. A J.
do
do
1886
F. A A. New York Co.’s Office.
May 1, 1889
i Q.-J. N. Y., Duncan, S. A Co. April 15, 1875
M. A N. N. Y. Union Trust Co.
May 1, 1883
F. A A
do
do
Aug. 1, 1876
M. A N
do
do
May 1, 1883
M. A N
do
do
May 1, 1883
M. A N
N. Y., Union Trust Co.
May 1, 1883
F. A A
do
do
Aug. 1, 1876
J. A D
do
do
Dee. 15, 1887
J. A D N. Y„ Grand Ceu. Depot.
June, 1885
M. A N
do
do
May 1, 1875
A. A O
N. Y., Union Trust Co.
April, 1891
J. A J
do
do
Jan. 1, 1903
J. A J
London.
Jan. 1, 1903
£•
1,279,000
6,250,000
1,000
1854
M.
A.
M.
A.
M.
•
7
100 Ac.
Oct., 1887
Nov. 2, 1874
'
2,000,000
1853
July 1,1913
July 1, 1900
....
....
1,012,500
1,000
Oct. 1, 1874
1881 and ’91
April 1, 1903
May 1, |1900
o
New London, Office.
Q.-J.
April 1, 1875
A. A O. N. Y., B’k of N. America
6
Sept., 1885
J. A D.
7
do
do
July, 1892
or 7 g. J. A J. New York, Co.’s Office.
Jan, 1, 1915
1,500,000
3,708,500
500 Ac.
....
F. A A.
F. A A.
7 g.
7
....
1853
1856
1854
Oct., 1901
1881
J. A J.
J. A J.
A. A O.
7 g.
8
8
7 g.
....
June 1, 1900
1890
Jan. 2,1875
1914
1891
1900
1889
7
100
.
Newcastle, Penn.
Various N. Haven, E.S. Scranton
M. A N. N. Yr., Leonard, Sh. A F.
....
....
•
•
1877
Jan. 1,1904
1893
7
7
4,967,845
1874
1873
1856
1860
1873
•
F. A A.
Bridgeport, Conn.
J. A J.
do
do
M. A N. N. Y., Union Trust Co.
M. A N. New Bedford, by Treas.
J. A J. Boston, Suffolk Nat. B’k,
J. A|J.
do
f
do
2te
13,000,000
100 Ac.
100 Ac.
i
7
900,000
200,000
100 Ac.
....
7
7 g.
4
6
605,000
525,000
3.000,000
880,000
2,460,000
1,000,000
100
10
68
5*2
171,500
350,000
50
500 Ac.
1883
1883
1883
1901
g.
6 g.
1,678,500
500 Ac.
When Due.
Stocks—Last
Dividend.
Q-M.
«
1,882,900
103,000
800,000
500 Ac*.
100
Payable, and by
Wnom.
Payable
•
200,000
ioo
.
....
76
given in Y. 20,
dusky, Mansfield A Newark.
1,000
’
Mobile d Montqomt ry.—Sold in foreclosure, No¬
vember, 1874. (A full account of re-organization
3,000,000
6,575,295
1,000,000
5,800,000
2,100,000
500,000
800,000
...
Where
New York.
M. A N.
London.
M. A N.
Mobile.
VI. A N.
London.
g.
J. .& J. New York and London.
g.
M. A N.
Mobile.
March
do
g, J. A J. New York or London.
g. M. A S. N. Y., G. Opdyke A Co.
do
do
do
do
g, M. A S. N. Y., G. Opdyke A Co.
J. A D.
do
clo
g-' Q-J. N. Y\, Union Trust Co.
J. A J, N. Y., Del., Lack A W.
3Ls
M. A N.
do
7
do
F. A A.
do
do
7
J. A J.
7
do
do
F. A A.
7
do
do
A. A O.
do
7
do
J. A J. New York A Nashville.
N. Y., Y. K. Steveuson.
1*2
4
do
do
J. A J. N. Y., Drexel, M. A Co.
7
J. A J. Nashville, Co.’s Office.
7
6 g. A. A O.
M. A N.
4
Boston A Nashua.
5,000,000
...
100
1861
1874
tered.
earn
1,000
1,000
25
1856
1869
'
000,000 \ coupon or regis
stock, and 8 after 1874, if they then
1,000
.
Coupon bonds 1S71 (not mortgage)
.£2,000,000 5
50
250
500 Ac.
When
jylal,
....
8
6
8
6
7
8
8
7
7
7
7
8
8
7
888,000
1,040,000
330,000
500,000
14,165,450
5,000,000
3,000,000
383,000
640,000
1873
•
1st mortgage,
do
2d mortgage,
do
Tennessee State Loan
do
N. T., Boston d Montreal—1st mortgage, gold
New York Central d Hudson River—Stock
Premium bonds
(N. Y., Central)
Bonds for debts assumed
do
do
B. A N. F. stockholders
do
Bonds railroad stock
do
Bonds real estate
(N. Y. Central)
do
convertible till 1869
do
Renewal bonds
2d mortgage, sinking fund (Hudson River)
3d mortgage (Hudson River)
^
j.,000
....
14
Holyoke A Westfield RR
New mort-'V'e*
moitgage
1,000
1,000
1871
1873
1870
1867
132
132
N. J. Midland—1st mort., g’ld, guar, by N. Y. A O... .
2d mortgage, currency.!
New Jerseu d New York— 1st mort. (for $0,000,000;
N. J. Southern— 1st mortgage
1st mortgage (Toms' River br.)
2d mortgage bonds
Consolidated mortgage, for $7,000,000
Neio Jerseu West Line—1st mortgage, gold
New London Northern—Stock
1st mortgage bonds
2d mortgage
N. O., Mob. d Tex.—1st mortgage (Mob. to N. O.) .
New Orleans, St. Louisd Chic.—Consolid. stock...
New consolidated mortgage (for $25,000,000)..
Consolidated 1st mort., gold (N. O., J. A G. N.)...
1st mortgage,
do
do
2d mortgage,
do
do
Consolidated mortgage (Mississippi Central)
New
...
80
80
7
118
.
coupon
Bonds convertible, tax free, coupon
on
....
....
Mortgage bonds,
more
1,000
100 Ac.
....
New 1st mort. ($20,000 per mile)
Nashville d Decatur—1st mort. guar, by L.A N.. ..
2d mortgage
Nashua d Ijowell—Stock
Bonds for freight depot
Na ugaf tick—Stock
1st mortgage, coupon ($52,000 convertible)
Newark, Somerset d Straitsv., O.—1st mortgage..
New Bedford—Stock
Bonds
Bonds
Newcastle d Beaver Valley—Stock
New Haven d Derby— 1st mortgage
New Haven, Middletown d Will.—1st mortgage
2d mortgage
New Haven d Northamp. (canal RR.)—Stock
assum •
100 Ac.
....
(for $25,000,000) guar. D. L. A W..
Nashville, Chattanooga d St. Louis—stock
Bonds to U. S. government, 2d mort
lessees
1,000
1874
Income bonds
m.
100 Ac.
1871
1871
Rate per
Cent.
847,975
5,732,000
1,532,200
769,920
1,685,000
53,000
1,453,858
(?)
1,800,000
780,000
...
....
Special mortgage (Mississippi, Gainesville A Tex.)
‘2d mortgage
Consolidated mortgage, gold (for $15,000,000)...
Montclair of New Jersey—1st in., gold, guar
1
2d mortgage
Morris d Essex—stock
1st mortgage, sinking
2d mortgage
Convertible bonds
Construction bonds
Amount
1,000
....
Interest bonds, sterling
Tennessee subs., 1st mortgage, sterling
Gen.
.
....
Montgomery d Eufaula—1 mort., end. by Alabama
1st mortgage, not endorsed
Monticello d Port Jervis—1st mortgage
jBonds—Princl-
INTEREST OR DIVIDENDS.
Miles
640.)
New London Northern.—Operated under lease till
1891 by Vermont Central for $150,000 a year. Divi¬
dends, 8 per cent annually.
New Orleans, Mobile & Texas.—The Western Di
J.
J.
A.
M.
M.
A
A
vision of this road was sold Nov. 18, 1874. Interest
in default since 1872.
(V. 19, p. 117, 119, 248, 272,
479, 528, 583; V. 20, p. 16, 62, 79, 313.)
New Orleans, St. Louis & Chicago.—This was a
consolidation of New Orleans, Jackson A Great
Northern and the Mississippi Central, July, 1874.
Operated by the Southern Railroad Association, and
in connection with Illinois Central. Of the consoli¬
dated mortgage the issue is $8,000,000 on each road,
enough being retained to redeem old debt. Illinois
Central buys up $200,000
per year of consolidated
mortgage bonds. Net earnings of the two roads in
1873 were $1,415,453. Annual report V. 19, p. 119.
New Yoi'k, Boston & Montreal.—Proposed consoli¬
dation of several roads from New York to Rutland,
with branches, 350 miles in all. Company defaulted
since the panic, being unable to sell second mort¬
gage bonds in London. In litigation.
New York Central & Hudson River.—The con
solidation of New York Central and Hudson River
was made Nov. 1, 1869.
In 1868 the stock of the
separate companies was $42,712,700. The scrip divi¬
dend on New York Central of 80 per cent was made
in December, 1868. On consolidation, 27 per cent
was distributed on Central stock and 85 per cent on
Hudson.
The mortgage loan for $40,600,000 is to
retire prior debt, and the balance for laying third
and fourth track and other improvements. These
tracks were nearly
completed from Buffalo to Albany
Jan. 1,1875, thus furnishing a double track road ex¬
clusively for freight traffic. The Harlem Railroad
was teased April, 1873.
The following is a compari¬
son of operations, Ac., for four years :
Cost of road
Gross
Receipts.
$
1873-4...61,650,386
Net
Funded
Receipts.
Debt.
$
13,262,089
11,484,863
1871-2...25,580,675
9,134.23»
1870-1...21,972,105
8,260,816
(Y. 17, p. 16, 251, 594; V. 18, p.
Y. 30, p. 42.)
1872 3...29,126,851
$
and
equipm’t.
$
38,484,742 92,506,508
27,725.533 78.014,954
16,496,020 63,299,924
15,231,719 60,413,657
583; V. 19, p. 17, 39;
BAILBOAD
April 3, 1876.]
Sabncrtbers will eoofer
a
SfOCKS AND
BONDS,
great flavor by giving Immediate notice of any error discovered In lh««e Tables.
DESCRIPTION.
Miles
For
explanation of column headings, &c.,
at the head of first page
see notes
of tables.
132
Sinking fund
'
N. F. Housatonic d Northern—1st mortgage
Ar. Y. Kingst. d Syra.— 1st in., g’d ($4,000,000).....
New York, New Haven, d Hartford—Stock
1st mortgage (New York A New Haven)
Harlem A Portchester, 1st mortgage guaranteed.
N. Ir. (£* Oswego Midland—1st mortgage, gold
2d mortgages convertible
2d mortgage, non-convertible
3d mortgage, equipment
1st mortgage, .western extension
00
150
141
02
121i
334
225
225
02
02
1st mortgage
Improvement
Extension
($1,000,000 authorized)
02
82
North Carolina—Stock, common
Preferred stock
Mortgage bonds
223
102
for 2d mort.
102
102
<>
1,000
7
3
3
500
’67-’68
8
50
500
500
50
500 Ac.
5
10
7
00
00
1 22
122
100
100
08.’69
1870
Consolidated mortgage (sinkingfund on part)....
Consolidated mortgage, sterling
2d consolidated sinking f’d mort., for $4,000,000.
Debenture sinking fund bonds (for $1,000,000)...
Spring.. Div.ltSp. A III. SE.) 1st m. (for $3,000,000)
Oil Creek d Allegheny Fiver—Stock
1st mortgage (\V. & F. RR.)
1st mortgage (Oil Creek RR.)
1st mortgage (Un. A Titusville RR.)
Consolidated mortgage
Old Colony—Stock
Bonds.
Bonds
Bonds
Omaha d- Northwestern—Land grant gold bonds
Orange d Newark— 1st mortgage
Oregon d California—1st mortgage
Oswego d Rome—1 st mortgage guaranteed
Income mortgage bonds
Oswego d Syracuse—Stock, 8 per cent guar
Mortgage bonds
3,068,400
400.000
’
303
303
118
303
303
303
1,000
1,000
100
100
1802
1868
1868
1,000
1,000
30,441,300
2,823,400
400,000
245,000
3,077,000
2,000,000
500,000
408,000
20,000,000
4,030,000
174,500
6,023,000
228
05
£200
112,000
1,000
1,000
3,072,000
1873
1874
1,000
1871
25
1870
05
York
d Harlem—Gross earnings 1873-4,
operating expenses, $1,719,384; net
earnings, $1,137,141. Leased to New York Central
$2,856,525;
cent per annum on stock and interest on
horse-railroad and real
was
York, Housatonic d Northern—Financially
(V. 19, p. 480.)
8
8
”3^
1,500,000
1,000
500 Ac.
580,000
500,000
1,100,000
0,583,271
1,000
1,000
33,000
1,000,000
1,450,000
16,000 p. m.
540,000
1,000
1,000
200.000
50
1865
1800
10,950,000
350,000
793,400
201,000
1872
500 Ac.
1,500,000
Philadelphia wap sold February, 1875.
1873-54.,
T.
M.
A.
M.
()
7 g.
7
1
F.
7
F.
M.
7
F.
8
was elected, and this
road will be worked in clos;? connection with the
!
Sept. 1, 1899
Sept. 1, 1899
Feb. 1, 1875
do
do
1, 1885
Apr. 1, 1877
May 1, 1896
do
PhiladeT.
Annapolis.
July 31, 1874
Irredeemable.
Baltimore.
do
do
do
July, 1885
April, 1900
Jan., 1877
July, 1900
July, 1900
April, 1880
Jan. 1, 1922
July 1, 1904
do
Harrisburg.
do
London A Baltimore.
Boston, Office.
New
do
do
York, Office.
do
do
London.
New York, Office.
do
do
do
do
Philadelphia, Office.
do
do
do
do
do
do
Philadelphia, Office.
Boston, Office.
do
do
do
8.
A.
J.
N.
O.
N.
A.
A.
N.
A.
Jan.
N. Y., Kountze Bros.
Dec.
1, 1874
1874
1878
July, 1890
Jan.ll, 1875
«
July 1, 1877
ruly, ’75 to ’77
Jan. 8, 1875
Apr. 1, 1875
ran., ’78 to ’79
Mar., 1890
Mar. 1, 1875
April.1, 1882
Jan. 1, 1898
Jan. 1, 1898
April, 1911
May 1, 1883
Jan., 1874
1, 1896
Apr. 1, 1882
July 1, 1890
May 1, 1888
Jan. 1, 1875
Sept. 1, 1884
Sept., 1876
Sept., 1877
Jan., 1901
Feb.
Newark, Office.
N, Y., Drezel, M. A Co.
N. Y.. Mercantile N. B’k.
do
do
N. Y., Del., L. A W. RR.
do
eo
N. Y., Imp. A Trad. N.B.
May, 1915
Feb., 1891
Feb., 1875
1885
common 6 per cent for three years, 7 for the next
three, and 8 for the next fourteen years.
Ohio & Mississippi.—An abstract of the last an¬
nual report wa8 given in V. Id, p. 376, showing the
Pennsylvania Railroad. Mr. Thomas A. Scott was
elected president. The report for 1874 shows gross following:
1872-73.
1871-72.
1873-4.
earnings of $4,676,500; expenses, 43,383,553; net earn¬
Earnings
$3,343,846 $3,754,422 $3,478,074
ings, $1,292,946. As compared with 1873, gross earn¬
Operating expenses. 2,359,838
2,613,313 2,546,830
ings decreased $354,865, expenses decreased $387,- Net
984,008
1,141,109
931,193
881, net earnings increased $33,016. The whole in¬
(>21,619
773,138
1,038,137
come account was as follows :
Net. earnings, as Interest, Ac
above, $1,292,946; received from dividend and in¬ Dividends resumed on preferred stock March, 1875,
terest, $59,632; from Pennsylvania Railroad, one- on strength of the statement in V. 19, p. 512. The
York, Kingston d Syracuse.—Includes old
Defaulted January, 1874. To
be sold in foreclosure. (V. 19, p. 366, 583; V. 20, p.
half of the losses under the leases of the lines north
242,314.)
New York.' New Haven d*Hartford.—Last annual of Williamsport $109,880; total receipts, $1,462,459;
which was applied as follows : Interest on funded
report V. 19, p. 584.
Net earnings in 1873-4,
debt, $ 80.0 0; interest on income bonds, $210,000;
$1,797,361. (V. 20, p. 62.)
interest, disconnts, gold premium, Ac., $143,120;
New York & Osirego Midland.—Interest in de¬ rental Sham. V. A P.
Railroad, $52,167; rental El¬
fault since 1873. Receivers’ certificates have been mira A
Williamsport Railroad, $165,000; rental El¬
issued, and the floating debt, Sept. 30, 1874, was $6,- mira, Jefferson A Canandaigua Railroad, $25,000;
274.629. Deficit on operations, year '8134, $286,382. total
expenses, $1 .175,287; out of tho balance was
Trains stopped running March, 1875. No funding
plans are proposed. (V. 19, p. 62, 248, 351, 640; V. paid a dividend of 3>£ per cent, July 31, $204,466;
leaving a balance net income for 1874 of $82,704.
20, p. 63,242, 266, 313.)
(Vol. 18, p. 376, 512, 584; V. 19, p. 617; V. 20, p. 267.)
New York, Providence & Boston.—Annual report
Northern New Hampshire.—Net earnings fiscal
for fiscal year ending Sept. 1, 1874, showed net earn¬
year 1837-4 were $287,966.
ings $383,636, leaving a surplus of $69,846 above in¬
Northern of New Jersey.— Operated by Erie at 35
terest and dividend payments. Full report V. 19,
per cent of gross earnings, which in 1ST-} were $293,p. 503.
943. Dividends of 4 per cent a year have been paid.
North Carolina.—Leased September, 1871. to Rich¬
mond & Danville Railroad at $260,000 per annum.
Northern Pacific.—Interest passed since January,
In March, 1875, the
gauge was changed. Dividends 1874. Funding propositions submitted. Ponds are
of 6 per cent, are paid on stock, of which the State received in
payment for lands. For the latest state¬
of North Carolina hold $3,000,000.
(Vol. 16, p. 653; ment see V. 20, p. 290; see also p. 86, 141, 313.
V. 17, p. 155, 218; V. 20, p. 267.)
Norwich & Worcester.—Leased February, I860, to
Northeastern, S. C—Interest certificates for $109,- Boston, Hartford A Erie for ten years at 10 per cent
028 are'due in 1875. Gross earnings, 1873-74, $403,- per annum on cost. Dividends paid of 10 per cent
er annum.
Gross receipts in 1873-4, $812,895; net,
851; net, $145,215.
240,049.
North Pennsylvania.—Gross receipts in year 1872-3,
$1,424,463; expenses, $829,725; net earnings, $594,Ogdensburg & Lake Champlain.—Leased in March,
(47; surplus above interest, $233,209. Stock field by 1870, for twenty years to the Vermont Central for in¬
Rondout A Oswego.
F.
7
7.30 g.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
Oct., 1874
1875 to 1878
Baltimore A
J.
A.
O.
J.
N.
J.
8.
M.
Pennsylvania Railroad interest,
do
do
do
J.
O.
J.
J.
O.
N.
J.
F.
A.
J.
M.
T.
M.
5
Northern Central.—At die meeting of stockholders
Feb. 25, 1875, a board of directors, representing the
A
A
A
A
A
A
do
do
J. J. City, Hudson Co. B’k.
New York.
J.
J. New England Trust Co.
do
do
J.
do
do
J.
J.
Boston, Office.
do
O.
do
J.
do
S.
A
A
A
A
A. A
M. A
3*2
100
500 Ac.
500 Ac.
A
1878 A 1881
July 1, 1899
Oct., 1874
Philadelphia Office.
J.
O.
J.
J.
O.
O.
J.
J.
A D.
A
1878
July 1, 1876
do
A
A
A
A
A
A
A
A
Apr. 10, 1875
do
do
do
do
Charleston.
S.
A
J.
A.
J.
J.
7
7
6 g,
7 f.
7
0
3
7
7
7
7
31
30
7
3
4
180,000
1,750,000
4,959,450
1,000
1804
1800
1807
1871
J.
J.
J.
J.
J.
J.
A.
J.
M.
<>
1,000
200
40
9
200
28io
3*2
4
7
7.30 g.
50
05
05
"si
mortgage
0 g-
1,000,000
100 Ac
100
0
2,000,000
100
J.
A.
J.
J.
A.
A.
J.
J.
J.
r>
3,000,000
May, 1896
Morgan’s Sons.
do
do
Q.-J.
<>
0
6 g.
6 g.
7
7
1,000,000
21
Income and funded debt bonds
April, 1875,
1,000
1,000
1,000
1,000
1,000
1,570,000
do
Company Shops, N. C.
M. A N.
3*2
1,126,000
202,002
2,599,000
205,000
July 1, 1894
May 1, 1895
do
do
J. A J.
A. A O.
M. A N.
’
1808
1870
1872
1871
1870
Apr. 1, 1875
May, 1900
Jan. 1, 1881
Oct., 1902
July 1, 1902
Jan. 1, 1874
Oct., 1875
Opdyke A Co.
do
J.
O.
M. A
(>
50
N. Y., M.
do
do
M. A N.
M. A S.
8
8
500 Ac.
A.
J.
N.
M. A N.
50
21~
Equipment bonds
Sinking fund bonds
Ohio d Mississippi—Stock, common
Preferred stock (cumulative)
New
1,000
1808
550
Q.-j.
F.*A
J. A
M. A
J. A
A. A
7
500 Ac.
500 Ac.
500 Ac
1 12
82n>
or i
Apr. 1, 1875
....
•2^2
1,000
138
$
Dividend.
1903
N. Y., G.
do
do
J. A J
M. A N.
M. A N.
1,000
1855
1865
1853
138
Stocks—Last
/
138
138
26
138
by Balt.)..
Where Payable, and by
Whom.
When
Payable
A J. N. Y., Gr. Central Depot.
A J.
do
do
do
A N.
do
do
do
A J.
A. A O N. Y., St. Nich. Nat, B’k.
J. A J.
New York.
J. A J N.Y., Grand Cen. Depot.
do
A. A O
do
7 g.
7
7
7
7
7
100 Ac.
100
1800
1809
pal, When Due.
J.
J.
M.
J.
<>
138
Preferred stock
embarrassed.
100
500 Ac.
'
Ogdensburg d Lake Champlain—Stock
New
\58-’CO
1869
313
The Fourth
estate was retained. The dividend
from profits of city line.
1,000
100
1808
I860
50
1st mortgage
Northern Pacific—1 st mortgage, gold, land grant
Norwich <k Worcester—Stock
1st mortgage, State loan, sinking fund
3d mortgage
avenue
1,000
1855
1873
1809
1870
1871
Rate per
Cent.
2
2
7
7
7 g.
7 g,
5
1,000
Northern, N. H.—Stock.
Northern of New Jei'sey—Stock
bonds.
1872
50
Income convertible bonds, coupon
Income bonds for roads purchoscd, coupon
■Consol. (series A)mort. gold, s. fund, coup.
at 8 per
-
500 Ac.
500 Ac,
58
Consolidated mortgage, gold, coupon
do
do
do
registered
New
_
50
50
102
Northern Central—Stock
Owensboro d Russellville—1st
Par
1873
Consolidated mortgage
N. Y., Prov. d Boston— (Stonington)—Stock
1st mortgage, State (Maryland) loan
2d mortgage, sinking fund, coupon...
3d mortgage, sinking fund, column
3d mortgage, Y. & C. RR. (guaranteed
Amount
Value.
1872
1861
1872
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Size, or
132
Preferred stock
Consol, mort., coup, or leg. (for $12,000,000)
Northeastern (S. 0.)—Stock, common
Pref. stock (8 per cent) exchangeable
1st mortgage, new
2d mortgage, new
North Pen nsylvania—Stock
1st mortgage
Chattel mortgage
2d mortgage
General mortgage bonds
Date
of
of
Road. Bonds.
New York d Harlem—Common stock
General mortgage
xxV
terest on bonds, 8 per cent on preferred
company purchased the Springfield A Illinois
eastern Road March, 1875, for $1,750,000 in
secured
funding
South¬
bonds
the road itself, and with privilege of
two years’ coupons; of same mortgage
on
$1,250,000 is reserved to be sold, and proceeds used
for improvements.
(V. 20, p. 235, 267, 290, 291.)
Oil Creek & Allegheny River.—Financially em¬
barrassed, and foreclosure pending; sale noticed for
May 15, 1875. Latest report in V. 20, p. 163. (V.
8, p. 58»: V. 19, p. 119. 248, 376, 480, 504, 640; V. 20,
p. 116, 163.
Old Co'ony.—Old Colony A Newport and Cape
Cod consolidated April, 1872. Gross earnings in
$2,377,251: expenses, $1,576,015; net, $712,038. O. C. Railroad bonds, $305,000.
(V. 18, p. 66,
528, 584.)
Omaha d Noi’thwestern.—Defaulted on interest
Funding proposition offered.
Oregon d California.—Bonds nearly all placed in
Germany. After default in 1873, proposition offered
by Ben. Holluday, President. (See V. 19, p. 483.)
Oswego & Rome—Operated by the Rome, Water"
town A Ogdensburg at 8 per cent on $303,000 stock
and interest on first mortgage bonds. Oswego &
Syracuse leased to Delaware, Lackawanna A West¬
ern
for interest
on
bonds and 8 per cent on
Owensboro A Russellville.—In progress;
stock.
the pro¬
posed line from Nashville to Evansville, Now Evans¬
stock and on ville, Owensboro & Nashville,
RAILROAD
XXVl
Subscribers will confer a great favor
explanation of column headings, Ac., see
at the head of first page of tables.
notes
Size, or
2d mortgage (sinking fund $50,000
Real estate (depot) bonds
Debt to St. Louis County (no bonds)
Income bonds
283
283
per annum)..
1512
5514
21
115
47
47
47
75
12
07
205
869
355
1st mortgage, sterling
General mortgage, sterling
Paris d Decatur, (Ills.)—1st mort., g’d, sink, f’d
Paterson d Newark—1st mort., guar, by Erie
Pekin, Lincoln d Decatur—1st mortgage
Peninsular (Midi.)—1st mort.,gold, sink. fund...
..
Pennsylvania—\Stock
1st mortgage
General mort., Ph. to Pitts., coup,
State lien (instalments) bonds
1868
1871
1872
—
Carondelet Branch, 1st mortgage
Lex. & St. Louis branch, 1st mortgage, gold
Leavenworth, Atch. A N. W., 1st mortgage
Paducah d Memphis— 1st mortgage, gold
Panama—Stock
Par
1872
1873
1871
1870
Value.
Outstanding
and reg
7,000,000
2,804,000
1,000
1,000
1,000
1,000
1,000
100
5,201,675
29,550,000
3 360,000
8,000,000
3,111 000
1,083,000
519,000
1,500,000
1,500,000
1,200,000
600,000
1,000,000
1,500,000
619,000
$1,324,200
1,000
Preferred stock
44
44
105
105
40
40
83
Pennsylvania d) Delaware—1st mortgage
2d mortgage
Pennsylvania d New York—1st mort., guaran
1st mortgage, guaranteed
Peoria d Bureau Valley—Stock
$25,000
yearly,* 1879
90*2
18
|..
to 1898
-*’ *
82
36
36
10
287
2d mortgage (Pa.)
1st mortgage (Md.)
Philadelphia d Erie—Stock, common
1st
40
287
287
A Erie
mortgage
2d mortgage
2d mort., gold (for
287
$20,000,000), guar by P. R
Philadelphia d Reading—Stock, common
Loan
Improvem’t mort. (dollar or sterling) sink’g fund.
Gen. mort., sterl’g, sink’g fund, (for $60,000,000)
guaranteed mortgage
do
do
Pittsb., Va. d Charleston— 1st mortgage, gold.
Pittsb., Washington d Balt.—1st mortgage
2d mortgage, Baltimore loan
.'
1st
do
Turtle Creek division
'..
Pacific of Missouri.—Road leased July, 1872. to
Atlantic & Pacific Railroad at 5 per cent a year
till July, 1875; then 6 to July, 1877, and 7 per cent
thereafter. The two last bonds in this list are guar¬
anteed by Pacific of Missouri. By the United States
Supreme Court, November, 1874, the sale of thi*
road by the State of Missouri to i he company was
held valid. (V. 19, p. 110, 504; V. 20, p. 288.)
Memphis.—Whole line will be Paducah
to Memphis, 109 miles, aud cost to Jan. 1, ■ 874, $4,630,000. Ex. Morton, President, New York.
Panama.— Operated in harmony with Pacific Mail.
No recent report of operations.
(V. 16. p. 617.)
Paris & Decatur.—Consolidation. Now Ulinoi8
Midland. Stock, $1,600,000. (V. 19, p. 351.)
Paterson d Newark.—Lntriy operated by EriePaducah &
Stock is $250,000.
Decatur.—L-ased to Toledo,
Wabash A Western for 47 years.
(V. 17, p. 511; V.
17, p. 155, 650, 753.)
Peninsula. —Consolidated as Chicago <fe Lake Hu¬
ron.
Defaulted in 1873, and funded coupons. (V17. p.
155, 650, 763.)
Pennsylvania.—The report for 1874 is given in V.
20. p. 443.
The report of the investigating com¬
mittee is in V. 19, p. 275, 388, 39C Just prior to
the panic of 1873 the company fortunately nego¬
tiated
$10,000,000
of
bonds
in
London,
but
passed the cash dividend of December, 1873. paying
m scrip, redeemed March, 1875.
Since Jan. l, 1875',
$15,0(H),000 bonds have been sold in London, and
$5,000,000 paid off At ril 1. The main points of in¬
quiry a* to the future of the Pennsylvania system
or increase of debt.
growth of business. 3. As to an eco¬
nomical and honest management. The direct funded
debt of the company is $51,000,00 ; liability as a
guarantor of principal and interest on $33,9^3,600
bonds; annual liability additional on guarantees of
interest or rentals, $13,862,319.
On all guarantees
there was in 1873 a deficit of $1,470,129. On all
are :
1. As to
2. As to the
further extensions,
operations east of Pittsburg, in 1874, the report
1857
1861
1868
1869
1836
1868
1868
4871
1871
1871
1873
1873
1874
1872
1,000
100 Ac.
100 Ac.
100 Ac.
50
50
33
149
149
10
1868
1872
1859
200
200
117
32,722,775
1,551,800
1,510,500
82,500
182,400
967,200
495,900
134400
1,138,900
2,700,000
10,791,000
7,000,000
978,000
10,000,000
9,800,000
10,000,000
13,413,500
1,259,100
2,231,900
11,524,200
302,000
400,000
1,000,000
500,000
6,222,000
5,000,000
1,000
3,000,000
1,000
1,000
775,000
1,000,000
1,000
4,000,000
1,000
5,000,000
400,000
100 Ac.
J.
g-
Jan.
1, 1878
Feb., 1900
May 1889 to’90
Dec. 1, 1874
Jan., 1880
1910
do
do
July 1, 1905
A. A O.
Pittsburgh Co.’s Office.
Oct,, 1874
F. A A.
A. A O.
Philadelphia, Office.
1903
1903
June 1, 1896-
A J.
J.
J.
F.
J.
J.
A
A
A
A
A
A
A
A
A
F.
A.
J.
J.
A
A
A
6
6
5 g.
6
7
A
do
June, 1906
Feb., 1875
July 1, 1877
N.
July 1, 1894
Newr York and London.
Feb., 1900
Apr. 1, 1897
Phila., 227 S. 4th at.
Jan., 1872
N.Y., Lancaster, B.ACo. Jau., 1879-’98
.
I. A Pac.
Office.
Y., Imp. A Trad. B’k.
1902
Jail., 1879
Jan., 1900
Oct,, 1891
Philadelphia, Office.
J.
Philadelphia, Pa. RR.
A J.
J.
Q.-J.
Q.-J.
J.
J.
J.
7
7
6 g.
6 g.
7
6
6 g.
7
24
3
4
6
6
6
A
A
A
A
J.
M. A
J. A
J.
A.
J.
J.
J.
do
do
do
do
A
A
A
A
A
Phila., Pa. Life A T. Co.
A. A O.
....
Oct. 1, 1877
March 31,1881
do
do
July 1, 1888
July, 1920
Philadelphia A London.
April 26,1875
Philadelphia, Office.
do
do
April 26,1875
1880
1886
1880
1880
1888
1877
1893
1893
do
do
do
do
London.
do
J,
J.
J.
J.
S.
J.
.T.
O.
D.
J.
D.
....
do
do
Philadelphia, Office.
Loudon.
Philadelphia, Office.
*
do
do
do
do
Philadelphia A London.
Philadelphia, Office.
do
do
J, A J.
Philadelphia or London
London A Philadelphia.
Various
June, 1911
June, 1911
June, 1911
Jan. 1, 1893
Oct. 1, 1897
1895
1892
do
do
April 10,1875
Philadelphia, Office.
Q.-M. Phila., Treasurer of Co. Mch. 4, 1875
J. A J. Philadelphia A Boston. Jan. 2, 1875
do
do
July, 1884
J. A J.
6
7
7
6
7
7 g.
7
6
6
Q.-J.
do
do
A O.
do
A O.
do
do
do
A O.
A A. Phila., Pa, RR. Office.
do
do
A O.
M’ntlilv N. Y. Agent, 57 B’way
J. A J. Phila,, Pa. RR. Office.
A.
A.
A.
F.
A.
and Debt.
operate all the leased lines west of Pittsburg. The
stock is owned by the Penn. RR. In 1874 the opera¬
tions showed net profit of $814,338.
(V. 18, p. 192,
285, 350, 504, 584, 630; V. 19, p. 377, 473, 504; V. 20, p.
16, 86. 267, 314.)
Pennsylvania d Delaware.—The lease of this road
Pennsylvania Railroad was ratified in 1874.
Previously operated under temporary lease.
to the
Pennsylvania d New York.—Operated in close
the Lehigh Valley. Net earnings,
1873, $448,361. Dividend of 7*4 percent paid onpre.
ferred stock, $2,000,000; common stock is $1,061,700
Peoria d Bureau Valley.—Leased perpetually to
Chicago, Rock Island & Pacific at $125,000 per year.
Peoria, Pekin d Jacksonvile.—ln year ending
Jhiie 0, 1874, net earnings, $
.
Peoria & Rock Island.—Defaulted in 1874.
There
are old 10 per cent bonds of $150,000.
(V, 19, p. 351,
424; V. 20. p. 141.)
Perkiomen.--Leased to Philadelphia & Reading.
Petersburg.—No earnings reported for 1873 or 1874.
Interest in default 1874.
(Vol. 19, p. 351.)
Philadelphia & Baltimore Cen'ral.—Operated for
some time past by trustees of first mortgage bond¬
holders.
Phil., Wil. & Balt, largely interested.
Philadelphia d Erie. —Leased February, 1862, for
to Pennsylvania Railroad Gross earnings,
1874, $3,506,919; net earnings, $1,068,786. The Penn
sylvania Railroatj pays interest, &c, (V. 18, p. 160,
367; v. 19, p. 424; V. 20, p, 8, 243.)
April, 1876
April, 1887
Oct, 1, 1892
Aug. 1, 1900
April 1, 1913
May, 1884
Jau., 1890
•
A J. Balt., Balt. A Ohio RR
J. A J. Balt,, Merch. Nat. Bank
F. A A. Pittsb., First Nat, Bank
Total Stock
connection with
Philadelphia.
....
J.
line and branches in Penn¬
Net
do
N. Y., Chic., R.
Newr York,
J.
J.
J.
A. A O.
A. A O.
J. A J.
....
Earnings.
$9,396,921
9,145,704
8,247,852
Phila., B’k N. America.
....
J.
24
24
•
D.
D.
A.
J.
J.
A.
O.
J.
J.
do
do
....
J.
J.
J.
1874
$113,010,000
1873
105,784,075
24,886,009
1872
82,589,537
22.012,525
6,896,404
69,782,'15
1871
18,719,837
The Pennsylvania Company is a corporation dis¬
tinct from the Pennsylvania Railroad, formed to
999 years
Oct, 10, 1897
July 1, 1892
London, L. Asiatic Co.
J.
a net surplus of $3,168,332 over all payments,
including dividends. The following is a comparison
Earnings.
$22,642,371
April 15,1875
Apr. 10, 1875
Philadelphia, Office.
A. A O.
shows
for four years on main
sylvania :
Grors
Office.
do
do
J.
A
Q.-J.
4
7
6
7
6 g.
7,252,000
1,000
1,000
1,000
1,000
1,000
g-
....
5,000,000
50
50
500
Oct. 1, 1893
Dec. 1, 1899
Oct. 1, 1889
kR.
7
6
-
3,000.000
1,000
1,000
1,000
April 20, 1875
Aug., 1888
Aug., 1891
May 1, 1892
Feb., 1885
Sept., 1892
London.
A. A O.
do
A. A O.
J. A J. New York and London.
J. A J. N. Y., Erie Railway Co.
F, A A. N. Y., T. W. A W.
M. A N. N.Y.,S.W.Hopkins A Co.
M. A N.
Philadelphia, Office.
8
7
1,000,000
1,000
New York,
Q.-J.
ggg-
3
7 g.
7 *
7
7
7
4
8
7
7 g.
6
3
8
400,000
300,000
6,048,700
2,400,000
1,000
1,000
1,000
1,000
N. Y., At. A Pac. R. R.
N. Y., B’k Commerce.
do
do
do
do
St. Louis.
mont’ly
M. A
N. Y., B’k Commerce.
do
A. A O.
do
do
do
J. A D.
A. A O. N. Y., B’k of Commerce.
24
341,500
500,000
800,000
100
1858
1866
1867
1872
1868
1873
1864
1864
:
Pitts., C. d St. L.—1stm., cons, (for $10,000,000)
2d mortgage
1st mortgage, Steubenville A Ind„ reorganized...
Col. & Newark Division bonds
Lincoln d
745
750
20
20
100
98
Philadelphia d Trenton—Stock
Philadelphia, Germantown d Norristown—Stock
Philadelphia, Wilmington d Baltimore—Stock
1st mortgage, convertible
Plain bonds, loan
Pekin,
1866
500 Ac.
1,000
sinking fluid
mortgage
do
do
1859
1869
1843-9
1857
1836
1836
Consolidated mort., dollar loan, coupon or reg
do
do
gold, dollar or sterling.
'
do
do
dollar loan, gold
Debenture loan (convertible 1876-92)
Coal A Iron Co.,
1864
1870
1867
50
50
Preferred stock
Loans inconvertible
Loan mortgage, convertible.
do
do
sterling
do
do
do
East Pennsylvania 1st mort.,
Loan mortgage, sterling
Loan debenture
1,000
1,000
100
82
82
Philadelphia d Balt. Central—1st mort. (Pa)
Preferred stock
1st mortgage, Sunbury
1873
1873
1866
1866
7
19^934,760
Stocks—Last
Dividend.
Whom.
Q.-J
6 g-
3
7
7
7
7
7
7
5
7
6
5
6
pal, When Due.
F. A A.
J. A J.
M. A N.
6 g-
es.
Bonds— Princi¬
Payable, and by
Payable
7
7
700,000
1,500,000
500,000
900,000
500,000
1,541,000
7,000,000
93,847
2,889,330
1,200,000
500,000
1,076,000
2,779,000
70,925,806
4,970,000
100 Ac.
50
50
gold, (held by Pennsylvania RR.)..
7
8
Where
When
14
6 g-
800,000
500 Ac.
$100
1873
Consolidated mortgage, gold (for $100,000,000)..
Pennsylvania Co.—Common stock
Rate per
Cent.
$7,000,000
1,000
1,000
100
£225
1857
£200
1857
500
1872
500 Ac.
1868
1871
1,000
’69.’70
50
1870
1st mortgage, guaranteed
Peoria, Pekin d Jacksonville—1st mortgage
Peoria d'Roek I.—1st mort. (after $150,000 10s)
Perkiomen—1st mortgage
Amount
$100
485
1st mortgage, gold
Bonds (payable
2d mortgage
discovered In tbcie Tab
by giving Immediate notice of any error
Date
Miles
of
of
Road. Bonds
Pacific of Missouri—Stock
1st mortgage,
[April 3, 1875
BONDS.
AND
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
STOCKS
•
.
•
July, 1898
Jan. 1, 1909
Aug. 1, 1882
Philadelphia d Reading.—The net earnings of main
branch lines in 1873-4, were $5,720,205, against
$5,357,766 in 1872 3. Income from other sources,
$1,351,670, against$l,06 ,116. Last annual reportreviewed in V. 20. p. 287. The company guarantees
the mortgage bonds of the Coal & Iron Co. for $13.413.500. A comparison of statistics for three years is
and
as
follows:
earnings..
.
Op. expenses
Net earnings. ....
Inc. other sources.
Stock—com
Stock—pref
1873-4.
1872-3.
1871-2.
Gross
$12,125,038 $14,832,661 $14,452,121
9,474,895 8,731,916
8,063,542
$4,061,495 $5,357,766 $5,790,105
846,478
32,684,375
1,065,116
32,718,775
1,551,800
1,551,800
1,351,670
32,722,775
1,551,800
44,186,716 58,155,138
—(V. 16. p. 14; V. 17, p. 588: V. 18, p. 191; V- 19, P17, 32, 54, 352, 480).
Philadelphia d Trenton.—Leased to Penney vania
Funded debt
33,120,804
Railroad with United New Jersey companies at 10
per cent on stock.
Phila de’phia, Germantown d
for 999 years to Philadelphia & Reading at 12 per
cent, on stock.
Norristown.—Leased
Philadelphia, Wilmington d Baltimore.—Net earn¬
ings, year eliding Oct. 31,1874, $1,170,640, and surplus
income above payment of 8 per cent dividends,
$122,611. Last annual report in V. 20, p. 312.
Pittsburg, Cincinnati d St. Louis.—This com¬
controlled by
majority
p. 58»;
pany leases several roads and is itself
the Pennsylvania Company, which holds a
of the capital stock. (V. 18, p. 622; see also
V. 20. p. 291.)
Pittsburg Virginia d Charleston .—Of these bonds
Pennsylvania Railroad owrus $500,000.
Pittsburg Washington d Baltimore.—This was for¬
merly Pittsburg & Connellsville. Interest is 10
the
default to city of Baltimore, which owns a large
amount of the bonds, and lately a proposition bas
been made for transfer to Baltimore & Ohio
•
(V, 18, p. 528; V, 19, p. 17;
V. 20, p. 291)
great favor
Subscriber* will confer a
explanation of column headings, &c., see
at the head of first page of tables.
notes
do
do
do
do
do
1st
1st
1st
1st
1st
2d
2d
2d
2d
2d
2d
do
do
do
do
do
do
do
3d
B
o
2
5"
z ©
C'C
cS o
4'
p
*
g
M
Pittsburg, Ft. Wayne A
.
cS
C
D
E
F
G
H
I
K
L
M
Cinn. construction bonds.
Equipment bonds (renewed)
Plymouth, Rank. & Pac.—1st m. ($3,600,000)
Port Huron dk L. Mich.—1st mort., traf. guar
Portland dk Ogdensb.—1st mort., E. D., gold
New mortgage (for $3,300,000)
1st mortgage, Vermont Div., gold
Portl. dk Rochester— 1st mort., s.
1st mortgage,
2d
do
equal lien
90
62
....
116
52*2
52*2
52 *2
(Portland loan) sinking fund
Mortgage bonds
Reading dk Columbia—1st mortgage, coupon
2d mortgage, coupon.
Reading (k Lehigh—1st mortgage
Rensselaef' dk Sara toga—Stock
71
71
47
44
50
50
100
500 Ac.
500 Ac.
500 <fcc.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 «fec.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
1,000
1,000
1,000
1,000
....
....
100 Ac.
500 Ac.
500 Ac.
500 Ac.
100
1,000
1869
100
....
100
1,000
1870
1862
1864
100 Ac.
1871
1,000
1,000
100
181
(for $2,000,000)....
(1)
State sinking fund loan
Bonds, guaranteed by State
Consolidated mortgage, coupon or registered
Piedmont branch, 1st mortgage
Nortwestern, N. C., 1st mort., guar
Rich'd, Fredericksburg dk
111^
381
142
Amount
100
rf.
..
....
Outstanding
875,000
875,000
875,000
875,000
860,000
860,000
860,000
860,000
860,(X)0
860,000
2,000,000
100,000
1,000,000
20,000 p. m.
1,800,000
800,000
1,124,000
2,300,000
700,000
350,000
396,500
1,500,000
2,500,(XX)
770,000
462,489
2,000,000
500,000
650,000
350,000
1,500,000
7,000,000
1,925,000
4,000,000
6o0,000
157,800
1873
24
22
22
281
Richmond d- Petersburg—Stock
2d mortgage, coupon and registered
mortgage, coupon
Rockford, Rock I. dk St. Zorn's—1st mort.,
Ogdensburg—Stock
Rome, Watertown dk
gold
218
97
190
sinking fund mort., Wat. & R.
General mortgage, sinking fund
2d mortgage
Consol, mort., convert, till July, ’79, coup
Rutland—Stock, common
1st
190
360
120
120
3 20
112
170
Equipment mortgage bonds
do
do
New general mortgage
St. Joseph dk Denver City—1st m.
1st mortgage, Western division,
St. Lo'uis, Alton dk Terre Haute—Stock
gold, E. div
land grant
209
(cumulative)
1st mortgage (series A) sinking fund
1st mortgage (series B) sinking fluid
2d mortgage (series C)
2d mortgage (series D)
2d mortgage, income
Equipment mortgage
SI. Louis, Iron Mountain dk Southern—Stock
175,000
9,000,000
8
100
100 Ac.
500 Ac.
3,147,600
799,900
3*2
1870
1870
1872
1869
1870
l
Preferred stock
1st mortgage, coupon
2d mortgage, gold, coupon,
Consolidated mortgage
Arkansas Branch,
may
be
land grant
E.871, to be issued $4 ,100,090 authorized NovemNew stock of to Pennsylvania Railroad for
improvements, &c., was under article 16
of lease;
guaranty on old stock not. affected. Net earnings
have paid lessees thus far a handsome profit. (V. 18,
p. 455, 630.)
Plymouth, Kankakee dk Pacific.—In
foreclosure.
(V. 18, p. 376; V. 19, p. 120; V. 20, p. 314.)
Port Huron dk Lake Michigan—This forms
part of
consolidation, with Pen¬
insular of Michigan. Interest was in default and a
proposition for funding offered. (V. 18, p. 192, 253,
the
Chicago & Lake Huron
376,455, 608.)
divisions were
Portland dk Ogdensburg.—The two
consolidated March 1875 as one company,
100
100
100 Ac.
300 Ac.
100 Ac.
500 Ac.
100 Ac.
3 00
100
100
210
210
210
Cairo, Ark. A Texas, 1st mort., gold, coup, or reg.
Cairo A Fulton, 1st mort., gold, on road and land.
Pittsburg, Fort Wayne dk Chicago.— This company
having previously earned a surplus above 10 per cent
dividends, was leased July 1869. for 999 years, to
Pennsylvania Railroad, at a rental equivalent to in¬
terest, sinking fund of debt, and 7 per cent on $19,714,286 stock, whi' h was increased at that time from
$11,500,000. The lease was transferred subsequently
to the Pennsylvania Company.
The lessees to keep
the road in repair, and also pay taxes, expenses,
etc. Pittsburg, Fort Wayne
Chicago leases the
Newcastle & Beaver Valley and the Lawrence roads;
which in turn are leased again by Pennsylvania Com-
1,000
1,000
100
72
300
1,000
1,000
1867
1872
1874
1870
1872
1870
.
Providence dk
ing September
$1,075,654.
1,000
1,000
1,000
.
.
7 g.
7
7
7
7
3,000,000
2,479,700
3*28
4,168,700
r*
500,000
500,000
972,800
1,500,000
/
8
8
8 g.
8 g.
5,500,000
2,300,000
2,468,400
3,300,000
1,100,000
1,400,000
1,400,000
1,700,000
3
7
7
7
7
7
10
3
7
7 g.
j
7 g.
7 g.
Reading dk Columbia.—This road is operated and
controlled by the Philadelphia & Reading Railroad.
Floating debt, $ ,093,494.
Reading dk
Lehigh.—This was the Berks County
leased to Philadelphia & Read¬
99 years. (V. 20, p. 63, 267.)
ing, March, 1875, for
1875
1875
1912
1912
1912
do
do
Y., Winslow, L. A Co
do
New York.
do
Jan. 1,
Mch. 1,
1887
1884
1912
1912
1912
1912
1912
1912
1912
1912
1912
1912
July 1, 1901
May 1, 1899Jan., 1900
Nov., 1901
do
do
Mayr, 1891
New York and Boston.
Boston, Columbian B’k July 1, I88T
Oct, 1, 188T
do
do
do
do
Sept, 1, 1891
Jan. 1, 1875Boston, Office.
New York and London. Nov. 1, 1889
Bost., Eastern RR. Co. July 15, 1875
Y., Kemvs A Cox.
Boston, First Nat. Bank
N.
J.
Providence, Office.
do
do
J.
S. N. Y.t Union Nat. Bank.
D. Columbia, First Nat.B’k
A
A
A
A
A J. N. Y., Nat.
Jan.
2,
July 1,
Mch. 1,
June,
1873
1889
1882.
1884
B’k Com’rce. Jan. 1, 1875
Nov., 1921
N.Y., Del. AII.Canal Co.
Richmond, Office.
do
N.Y., Lancaster,B,A Co.
1880
Jan. 1,1875
1875 to’90
1888
A. A O. New York or Richmond
London.
J. A J.
Various
Various
1875
1875
Richmond, Office.
do
do
■
188i
J.
A.
F.
J.
M.
J.
J.
A.
A
A
A
A
A
A
A
A
Richmond, Office.
D.
do
O.
A. New York and London.
J. N. Y., Farm. L. A T. Co.
dt>
do
S.
do
do
D.
do
do
J.
do
do
0.
F.
M.
M.
M.
F.
F.
A
A
A
A
A
A
Boston, Treasurer.
A.
do
do
N.
do
do
S.
do
do
N.
A. N. Y., London A Frank.
do
do
A.
.
June, 1875
1880 to ’86
Aug., 1918
Jan. 15, 1875
Sept. 1, 1880
Dec. 1, 1891
Jan. 1, 1892
July 1, 1904
Feb. 2,
i875
May 1, 1880
Sept, 1, 1880
Nov. 1, 1902
Aug., 1899
May 15,1900
July 6,1.874
J. A J. N. Y., Office 3 2 Wall st.
do
do
A. A O.
do
do
F. A A.
do
do
M. A N.
do
do
M. A N.
do
do
M. A S.
New York office.
F. A A. S'. Y., Office 122 Broa’y
M. A N. New York or London.
1894
1894
1894
1894
1894
1880
Feb. 15, 1873
Aug. 1, 1892
May 1, 1897
....
7 g.
Worcester.—Net earnings year end¬
30, 1874, $204,695; floating debt.
road; sold out, and
5,
2,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
Jan.
Jan.
.
7
3,200,500
1,000,000
14,248,950
4,000,000
6,000,000
1,500,000
2,500,000
1,500,000
8,000,000
N.
8
300,000
registered
1st mortgage, gold,
6 g.
6
7
500
120
Preferred stock
8
670
1,000
1,000
1855
1861
1872
1874
do
do
do
do
Stocks—Last
Dividend.
July
July
July
July
July
July
July
July
July
July
July
July
July
do
do
do
do
do
do
do
do
do
do
J. A J.
J. A J.
M. A N.
6
6
6
1870
1868
100
do
L. A Co
do
do
M. A N.
1854
....
...
N. Y., Winslow,
do
do
do
do
do
do
do
do
do
J.
67,778
124,489
175,428
295,500
1,008,600
143,000
Potomac—Bonds, ster
Whom.
...
500,000
500,000
....
Q.—J.
pal, when Due
Payable, and by
J.
J.
M.
J.
4
7
1,769,000
....
Q_J
J. A J.
F. A A.
M. A S.
A. A O.
M. A N.
J. A D.
J. A J.
F. A A.
M. A S.
A. A O.
M. A N.
J. A D.
A. A 0.
J. A J.
M. A S.
g. J. A J.
M. A N.
g. J. A J.
M. A N.
g.
g. M. A N.
J. A J.
A. A O.
Various
J. A J.
g. M. A N.
J. A J.
7
7
7
7
7
7
7
7
7
7
7
7
7
7
8
7
7
6
6
6
6
7
6
5
7
3
6
5
6
7
7
875,000
875,000
....
Coupon bonds of 1881
134
1%
4,100,000
....
49
29
Dollar loan
do
3d
dlecorered In these Roads—Princitables.
Rate per | When Where
Cent.
i Payable
$100 $19,714,285
1871
1862
1862
1862
1862
1862
1862
1862
1862
1862
1862
1863
1862
1862
1857
1874
1871
1869
1870
1871
1871
1867-9
1870
1871
52
gold.
Providence dk Worcester—Stock
1st mortgage, consolidated
Richmond dk Danville—Stock
....
167*2
f. (Portl. loan)
Portland, Saco dk Portsmouth—Stock
Port Royal (S. C.)—1st mortgage, convertible,
Portsmouth, Ot. Falls dk Conway—Stock
1st mortgage
Date Size, or
Miles
Par
of
of
Road Bonds Value.
468
468
468
468
468
468
468
468
468
468
468
468
468
468
468
Pittsburg, Ft. Wayne dk Chicago—Stock, guar
Special improvement stock, guaranteed...
1st mortgage (series A)
do
do
do
do
do
do
do
do
do
do
do
by giving Immediate notice of any error
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
XXV11
RAILROAD STOCKS AND BONDS
April 3, 1875.]
J.
J.
I.
AD.. Sew York,
do
A D.
do
A J.
Co.’s Office.
do
do
June 1, 1897
June 1,1897
Jan. 1, 1891
Rutland.—Leased January, 1871, to
lease were
Central. The terms of the
modified in July, 1874. (V.
V. 19, n. 120; V. 20, p. 186.)
15, p.
the Vermont
subsequently
5S6; V. 16, p. 219;
in pro¬
line—
1867,
Louis at 30 per
in no
year to be less than $450,000). In 1873 gross earn¬
ings were $1,318,652, against $1,420,457 in 1872. In
1728 the company paid three years1 dividends on
preferred stock in the same coin, increasing said
stock by $428,4<0.
The Belleville Branch, and
Belleville & Southern Illinois (leased) earned net in
1373 $276,639. (V. 18, p. ««8; also V. 18, p. 584.)
St.
Joseph dk Denver City.— Foreclosure
518.)
gress. (V. 18, p. 455; V. 19. i>. 40,
St. Lends, Alton <fe Terre Haute.— The main
Terre Haute to E. St. Louis—was leased June,
for 90 years, to Indianapolis & St.
cent of gross earnings up to $2,0u0,0T0 (hut
Saratoga.—Leased May 1, 1871, to
Canal Company, which pays in¬
terest on bonds and 8 per cent on stock.
In 1872-3
the net surplus to lessee was $204,597. (V. 20, p. 244.)
Richmond dk Danville.—This company leases the
North (. arolina Railroad and the Piedmont Railroad,
St. Louis, Iron Mountain <fe Southern.—Net earn¬
and forms a through route with the Atlanta & Rich¬
mond Air-Line. Tne gauge of the North Carolina ings 1873, $424,6 0. Cost of road, &c., $19,103,348.
Road was changed March, 1875, to conform with the Consolidation was made in 1874 with Cairo & Fulton
In March, 1875, the
rest. The Pennsylvania Railroad owned $600,000 and Cairo, Arkansas & Texas.
stock of the Richmond & Danville, and had a further company is«ued a funding circular, proposing to
interest in the line. (V. 17, p 835; V. 20, p. 8, 29i.) funath ee coupons on all bonds except the old firsts.
The circular stated: The earnings for 1874 were $3.Richmond,Fredericksburg dk Potomac.—A dividend 280,680, showing an increase over 1873 of 741,142. As
of 3# per cent on stock was made in November, 1873.
the running expenses do not exceed 55 per cent, of
Gross earnings, $449,457; expenses, $269,798; net
gross earnings there can be no reasonable doubt
earnings, $179,659.
Rensselaer <fc
Delaware & Hudson
that the road
will earn the interest on
its bonded
and a
Richmond dk Petersburg.—Gross earnings year debt during the current year. In this state of things
mortgage on whole line is proposed. The company, ending Sept. 30, 1874, $147,220; net, $5 ,067.
the directors felt justified in their expectation of
though a new one, did not succumb to the panic of
Rockford, Rock Island dk St. Louis— This company continuing the pa ments of interest, but this has
1873. Vermont division in progress. (V/20, p. 291.)
has been a long time in default, and its record has been defeated by the falling off of earnings since 1st
Portland dk Rochester—This is the old York & Cum¬
and
difficulty
probably done more to injure American railroad January,mont what adds to theth period is, that the
berland sold out in 1865. Net earnings year ending bonds in Europe than that of any other company. first six
s of the y« ar is
of lightest
August 31. 1874, $47,288.
(See V. 19, p. 399, 424, 480, 528; V. 20, p. 63, 163, 267, receipts. Uxder these circumstances the dir< ctors
feel the necessity and propriety of proposing to
Portland, Saco dk Portsmouth—This road was leased 291. 314.)
the holders of bonds to apply the earnings for a lim¬
March 18, 1871, to Eastern Massachusetts Railroad
Rome, Watertown dk Ogdensburg.—The last report, ited time to the extinguishment of the floating debt.
for 99 years at 10 per cent per annum on stock.
in V. 20, p. 311, shows gross earnings in 1874 of
The increase of $740,000 earnings during ihe rast
Port Royal.—The Georgia Railroad guarantees 1,132,868; expenses, $770,256; net earnings, $362,611.
year
entirely from
$500,000 of these bonds; balance in default. (V. 20, Against the bonded debt the company holds $617,183 whilehas come business, which the new connections,
the iron
was the main stay of
P. 291.)
in sinking funds.
The Lake Ontario Shore Road the St. Louis & Iron Mountain Railroad Company,
has been consolidated with the Rome, Watertown &
has dwindled for the time being to almost nothing,
Portsmouth, Great Falls dk Conway.—Opened in
18TO, and is leased by Eastern Railroad, Massachu- Ogdensburg, and is in progress to Niagara, (V, 19, V. 18, p. 351, 400, 4^0; V, 19, p. 144; V. 20, p. 244.)
p.
8,
■etts.
J
? "t-
169; V. 20, p.
163, 311.)
BAIDBOAD STOCKS * AND
xxvr.i
BONDS.
[April 3, 18175.
Subscribers will confer ft great favor by giving immediate notice of any error discovered In these Tables.
DESCRIPTION.
For
Miles
explanation of column headings, Ac., see notes
at the head of first page
of tables.
of
of
Road. Ronds
Consolidated mortgage, gold, sinking
INTEREST OR DIVIDENDS.
Size,
or
Par
Value.
582
St. Louis, Kansas City d X— Stock
1st mortgage (North Missouri)
Real estate and railroad inort. (for $0,000,000)..
St. Louis, Lawrence d- Denver— 1st inort., gold
St. Louis £ Southeastern—1st in., gold, conv. s. fund
-
Date
$100 $24,000,000
351
1865
1,000
354
1874
1,000
210
’69-71
1872
1867
1867
1868
1871
1,000
fund
Income bonds
St. Paul d Pacific—Branch, 1st mort.,on 10 miles..
1st mortgage, St. Paul to Sank Rapids, 80 miles..
2d mort. on 80 in. and 1st on 1. gr. of 807,200 aers.
1st mort., West or main line, land grant
2d mort., West or main line, land grant
do
do
1st mort, St. Paul A Paeitie land grant
St. Paul cC Sioux City—Prof, stock, various issues..
Stock
"
500 Arc.
1,000
1,000
1,000
121
121
1 16
1 16
101
1st mort., new.
Savannah <£• Charleston—C. A S., guar, by S. C
Funded int. bonds, S. A (’. ItR., guar, by S. Car..
1st mort. Savannah <fc Charleston RR
Savannah d Memphis— 1st inort., end. by State
ioi
40
23
80
Schuylkill Valley—Stock
Sealxtard <£• Roanoke—Stock
40
50
loo
loo
j
28
28
45
40
32
32
32
50
50
105
122
124
South Carolina—Stock
1st mortgage, sterling loan
do
dollar bonds; (LI
2d mortgage (for $8,000,000)
Domestic bonds (G)
Domestic bonds (I)
Domestic bonds (K)
So. d-Xo. Alabama— 1st mort., endorsed by Alabama
Sterling mortgage, guaranteed by L. A N
Island—1st mortgage (S. Side)
...
Southern Central (.V. V.)—1st mortgage
($100,000 end. by Lehigh V. RR.)..
Southern, Iowa d Cedar Rapids—1st mort., gold
2d mort. gold
—
Southern Minnesota— 1st mortgage
2d mortgage
Southern Pacific (Cal.)—1st mortgage
Southern Pennsylvania— 1st mortgage, gold
Southwestern (da.)—Stock ($50,000 guaranteed.)...
242
242
212
183
183
57
57
116
117
87
170
170
251
24
257
Company bonds, convertible into stock at par
Muscogee RR, bonds, convertible at
Springfield, Athol d X. F.—1st mortgage
48
7
Sterling Mountain (X. Y.)—1st mortgage
Stockton d:
Summit Branch (Pa.)—Stock
Syracuse, Binghamton d X. Y.—Stock
100
81
1st mortgage
2d mortgage
Terre Haute d- Didianapolis—Stock
1st mortgage
Bonds ot 1873 (for $1 ,(500,000)
1871
1809
1853
1868
1869
1870
505,000
111,800
500,000
500
100 Are
500
of gross earnings.
Bonds guaranteed by Terre
Haute & Indianapolis, by Columbus, Chicago A
Indiana Central, and Pittsburg, Cincinnati & St.
Louis. (V 18, p. 631.)
St Paul A Pacific.—The North or Rranch line, St.
Paul to Sauk Rapids, 80 miles; the main or west, St.
Anthony to Breckenridge, 207 miles ; the St. Paul
& Pacific proper, Sank Rapids to Brainerd, 60 miles,
and St. Cloud to St. Vincent, 310 miles. The bonds
7
1,000
576,050
1.000
1809
1,000
4
7
8
7
241,000
8
3,000,000
7
8(59,450
2,000,000
3
i;ooo
750,000
691,000
7
500 Arc
795,000
500 Arc
1868
1872
(>6to’':
1866
1868
L870
8
100
100 Am
500 Am
500 Ac.
1,000
1,000
Too
Various
500
200,000
1,000,000
200,000
I,629,000
7
6
6
1,028,020
7 «•
500,000
1,240,000
5,819,275
1,480,333
I.
897,000
1.
1,000
Q.-F. Charleston, s.W.RR.B’k
615.500
1 1 1,000
1,296,500
76,000
391,000
A.
6
7
7
7
1,500,000
1,000
600,000
z *•
1,500,000
3,340,000
'
1871
1865
100 Ac.
1,000
*
Y
8
7
1,252,000
II,000,000
T*
025,000
400
£
o
1,500,000
1,000
1,000
«
7
<;
»
5,355,000
100 Ac.
3,892,300
399,000
300,000
410,000
350,000
1,000,000
7
7
rr
4
.
7
8
3«
50
100
1807
2,502,250
1,000
1,000
1,095,825
270,000
rr
50
vario s
I860
1873
1,988,150
6
1,000
800,000
7
7
2,034,150
3
7
/
516,000
-
Seaboard A Roanoke. —Net earnings year ending
M’irch 1, 1873, $260,334; interest, $14,700; div., 4 p. c.
Selma A Gulf.—The proposed line was Selma to
Interest in default.
Selma. Marion & Memphis. —Defaulted 1872.
17, p. 156, 650; V. 19, p. 366.)
Selma, Rome A Dalton.—This
(V.
formerly the
was
Alabama & Tennessee River. Interest in default
and road to be sold. (V. 17, p. 650; V. 18, p. 352,
504; V. 19, p. 40.)
Shamokin Valley A PottsviUe.—Leased February,
1S63, to Northern Central at 7'per cent
6
on
stock.
on
bonds and
Sheboygan A Fond du Lac.—This is one of the
Wisconsin roads in progress in 1873 which went to
,
default.
A funding plan has been offered.
Shenango A Al eghany.—'This is one of the leased
lines of the Atlantic & Great Western, on which
“rental trust bonds ”
were
issued.
Jan. 1,1889
May 1.1890
Jan. 14, 1875
May 1,1874
1880
Jan. 1,1890
Sept. 1, 1889
Jan. 1,1872
Jan. 1,1864
Apr. 1, 1887
Feb., 1875
July, 1901
June, 1884
Oct., 1896
Apr. 1, 1889
Apr. 1, 1891
Jan. 1, 1902
Jan., 1875
Sept. 1, 1880
Jau.
Jan.
1, 1898
1, 1898
Nov.’
1901
The net
ings 1873 were $86,*51.
Shepaug.—Litchfield to Hawleyville, Ct.
m 1871.
Net earnings in 1873, $234.
1.
V.
I.
J.
M,
M.
M.
F.
M.
\I.
\.
r.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
.T
.T.
O
London.
New York,
do
J.
Charleston.
O.
do
.1
do
J.l N. Y.,. Drexel, M. A Co.
N.
May, 1871
1882 to ’88
1882 to ’88
Oct.
1, 1902
July, 1874
April, 1891
1880 A1892
Jan. 1, 1890
London, Baring Bros.
S. N. Y„ Gallatin Nat. B’k
N. N. Y., 9th Nat. Bank.
A. N. Y., Vermilye A Co.
S.
do
do
N.
O. N. Y., P. M. Myers A Co
J.
do
do
M. A S.
I. A D. Savannah, Cent. RR. Ga
Various
Macon.
Various
T. A J. Boston, Eliot Nat. Bank
J. A J.
New York.
J. A J.
Amsterdam.
F. A A. Philadelphia A Boston.
J. A D. N. Y\, D. L. A W. RR. Co.
A. A O.
do
do
J. A D
do
do
J. A J. N.Y\,Farmers’!/ A T.Co.
A. A O.
do
do
Mar. 1,
1887
-
Aug. 1, 1899
Mar. 1, 1882
May 1, 1900
1&78
to ’88
1890
Mar.
1, 1900
June, 1873
1886
1872 to ’76
July l,’83to ’93
1874
Feb. 15, 1875
Jau. 2, 1875
1879
Dec.. 1887
Jan. 20, 1875
Julv, 1879
1.893
Schuylkill Valley.—Leased to Philadelphia & Read¬
ing, with 10 per cent dividends.
Pollard, 100 miles.
,
July, 1902
June, 1891
750,000
1869
1872
1870
1868
1868
1870
vt
4
A J. N. Y., Imp. A Trad. Bk.
A O. N.Y., Roddey, Bell A Co.
A S. N. Y., II. Clews A Co.
A J.
New York Office,
do
A J.
do v
do
do
A O.
A A. Philadelphia,Treasurer.
do
A .1.
do
A I). N. Y. City Nat. Bank.
A O.
do
do
A O. N. Y., N. Bk. of Com’rce.
A O.
A J.
A .1. N. II., Nat. N. H. Bank.
A' S.
do
do
A ,1.
N. Y., N. Park Bank.
A J. U. 8. Treas., at maturity
A N. N.Y., Metropoli. N. B’k,
A' N.
do
do
450,000
500
500
100
1873
\.
A.
\.
1.
r.
4
1.
I.
312
J.lN. Y., Union Trust Co.
A
A.
F.
J.
L
7 g.
400,000
*
1871
1871
1871
1808
March 1,1877
Sept. 1,1899
7
7
7
50
1805
1868
April 1, 1875
1.
\.
M.
J.
J.
s
838.500
1871
1861
1871
: 809
1871
1872
1891
Sandusky, O.
I.
21-2
10,000 p. m.
16,000 p. m.
J.
M. A S. Charleston, 1st Nat. Bk,
M. A S. N. Y., H. II. Kimpton.
<io
J. A J.
do
M. A N. N.Y., Lancaster,B. A Co
I. A J.
Philadelphia, Office.
8 g.
16,000 p. m.
A
1 st N. Bk.,
4
1,278,400
210,000
1870
1873 to ’75
I.
rr
50
73
191, 248, 480.)
St. Louis, VandaHa A Terre Haute.—The com.
stock is $2,378,458, pref. $1,281,700. This road is
leased to Terre Haute & Indianapolis at 35 per cent
7 g10
8
2
7
6
1.037,553
2,306,500
1,000
July 1,1895
Sept. 1,1895
*
7 g.
7 g.
100
....
Coupons of January, 1874, on Evansville, Henderson
& Nashville were paid February, 1875. (V. 19, p. 17,
?g'
400,000
50
N.Y., Nat Bk of Com’rce
7
7
7
8
7
7
1,576,000
''
80
St.Louis, Kansas City dr. Northern.—Half the stock
NL A N. N. Y., G. Opdyke A Co
Nov.’,’ 1894
F. A A.
do
do
Aug., 1902
J. A J.
do
do
July 1,1897
1. A J. N. Y., Third Nat. Bank,
Jan. 1,1897
!M. A N.
do
do
May 1,1898
March 1
Office of Treasurer.
March 1,1901
M. A S. N. Y., Manhattan Co.
1892
.1. A J. N. Y., Drexel, M. A Co.
1892
I. A I).
do
do
1892
M. A N.
London,
M. A N.
do
15,000,000
100
81
is preferred. This company took possession Feb. 7,
1872. Gross earnings in 1873, $2,755, 191; net, $670,530. (V. 19, p. 190, 248.)
St. Louis, Lawrence A Denver.—'This company is
leased to the Pacific of Missouri. A decision of much
interest to bondholders of leased roads was rendered
by Judge Dillon in a suit against the lessee for inter¬
est.
(V. 19, p. 377.)
St. Louis A Southeastern.—Tn hands of receiver.
7 g.
6,000,000
3,000,000
30
20
Coppcropolis (Col.)—1st mortgage
M. A
2,600,000
1,000,000
120,000
700,000
1,200,000
3,000,000
1,000
1st mortgage
Selma d-
J.
7
6 g.
1,899,000
250
207
370
7
3,250,000
21,000 p.m.
1,000,000
10
80
80
Sandusky, Mansfield d Xcicark— Stock
Southern of Long
2d mortgage
J. N.Y., Nat Bk of Com’rce
S.
do
do
A
(>,000,000
1,020,000
420
98
158
158
Evansville, Henderson A Nashville, 1st inort
St. Louis, Vaiulalia d Terre Haute—1st m. s. f. guar.
2d mort., sink, f., guar. ($1,000,000 eon. not guar)
Gulf— 1st mort., guaranteed by Alabama..
Selma, Marion d Memphis—1st mort., end. by Ala.
Selina, Rome d Dutton—1st mortgage
2d mort., Alabama A Tennessee RR
General mortgage for $n,000,000
Shamokin Valley d- PollsciHc—Slock
1st mortgage, gold, on road and lands
Sheboygan d- Fond du Lae— 1st mortgage
1st mortgage extension
Shenango d; Alleghany—1st mortgage
Shepaug Valley (Conn.)—1st mortgage
2d mortgage
Shore Line (Conn.)—Stock
1st mortgage, construction bonds
Sioux City d Pacific—1st mortgage
2d mortgage (government subsidy)
Sioux City d St. Paul— 1st mortgage, gold. I’d grant
1st mortgage, currency for $2,100,000
Somerset—1 st mortgage, gold
Bonds—Princi¬
pal, When Due.
Rate perl When Where Payable, and by
Stocks—Last
Cent.
Whom.
Outstanding
Payable
Dividend.
Amount
earn¬
Opened
Shore Line.—Leased to New York & New Haven
Southern of Long Island.—This company was
formed after foreclosure of South Side, and is oper¬
ated with the Central of‘Long Island under one man¬
agement. (V. 19, p. 297, 399.)
Southern Central.— Forms an extension into New
York State for Lehigh Valley, which company endor. es $100,000 of second mortgage bonds.
South Iowa A Cedar Rapids.—In progress.
to Cedar Rapids, la.
Ottum¬
Minnesota.—A foreclosure was
agreed
wa
Southern
by mortgage bondholders. Land grant is about
1,790,000 acres.
Some of the old coupons (isene
of 1864) lately paid. (V. 18, p. 8, 584, 631; V. 20,
p. 63, 291.)
Southern Pacific (C d.)—'This road is in progress,
has about iOO miles built. It is constructed by the
“Contract & Finance Company,” and controlled by
parties heavily interested in Central Pacific. The
upon
stock is $14,071,000. tn 1873-4, on an average of157
miles operated, the gross earnings were $1,162,73*,
and net earnings, $699,063. (V. 18, p. 631.)
Southern Pennsylvania.—This is a mining and rail¬
road company, re-organized in 1872 after foreclosure
under second mortgage. The road is leased by
Cumberland Valley.
Southwestern Georgia.— Leased to Central
Dividends 8 per cent a year to every 10 per cent on
Central Georgia stock.
the
nearly all held abroad, and complicated litiga¬ at $100,000 per year. Old stock was exchanged for
tion has been in progress, the interest being in new in July, 1873.
Georgia.
default for several years. (V. 16, p. 392, 50/; V.
Sioux City A Pacific.—This is one of the United
States Government subsidized roads. For year end¬
19, p. 489.) '
St Paul A Sioux City.—'This company haR a land ing June 30, 1874, gross earnings were *319,819, and
Springfield, Athol A Northeastern.—At r.lose of
grant of 708,436 acres. The shocks are secured by net earnings $56,115. Pays 7 p. c. on pref. stock, year 1873-4, the deficit account was $36,241.
liens, there being no bonds issued. (V. 10, p. 62/; $169,800. (V. 20, p. 8.)
Sterling Mountain.—dost of road and equipment,
V. 19, p. 191.)
Sioux City A St. Paul.—Farningsin 1874 fell below $502,468. Net earnings 1872-3, $15,673
Sandusky, Mansfield & Newark.—This road is one the requirements for interest. Lands, 629,832 acres.
Stockton A Coppcropolis.— Defaulted July, 1874.
of the Baltimore A Ohio system; it is leased to the (V. 16, p. 627; Y. 19, p. 191.)
(V. 20, p. 141.)
Central Ohio, and the lease guaranteed by Baltimore
Somerset.—This road is leased to Maine Central.
Summit Branch.—This is a coal road, and leases
& Ohio. (V. 19. p. 584.)
Smith Carolina.—Grors earnings in 1873, $1,491,- Lykens Valley.
Net earnings in 1873, $237,420; has
Savannah A Charleston.—Baud opened for through 015; operating expenses, $914,550; net earnings,
$160,000 bonds due July 1, 1875.
traffic March, 1870. Interest in default; receiver ap¬ $576,465 (an increase of $31,350 over 1872); payments
Syracuse, Binghamton A New York:—Leased to
for interest, $417,117. Report in V. 18, p. 528.
pointed. (V. 18, p. 480, 608.)
Delaware, Lackawanna & Western, and 6 per cent
Savannah A Memphis.—The road was in progress,
South A North Alabama.—This road is leased and dividends paid.
?
but beesme embarrassed after the crisis of 1873, and operated by the Louisville & Nashville, which guar¬
Terre Haute A Indianapolis.—Net earnings in 1873.
antees the bonds.
passed interest. A funding propositipn \yas oifered.
Preferred stock, $1,500,000. (V. $282,182, against $343,288 in 1872. (V. 17, p. 51,188,
18, p. 032.)
357, 525.)
(V. 19, p. 366.)
are
April 3, 1875.]
RAILROAD STOCKS AND BONDS.
Subtcrlberg will confer
great ffcvor by giving Immediate notice of any error discovered In these Tables.
a
DESCRIPTION.
Miles
.
.
preferred..
2d preferred
1st mortgage (W. Div.)
1st
1st
.
.
1872
$1,000 $40,000
116^2
1866
1,000
1864
1,000
1866
.
1870
1871
1,000
1,000
1,000
To
mortgage (Burlington Div.)
Toledo, Wabash d Western—Stock
Preferred 7 per cent stock
1st mortgage (Toledo A Illinois)
1st
628
.
mortgage (Great Western of 1859)...
.
100
100
....
1,000
1,000
1,000
1,000
1863
41
75
2d mortgage (Wabash & Western)
180
75
494
628
109
52
52
82
37
35
Equipment bonds (T. A W.).
Consolidated mortgage, convertible
2d consolidated mortgage, gold
1st mortgage, (Decatur A Eastern St. Louis).
Hannibal A Naples—1st mortgage
do
2d
do
Lafayette, Bloomington, & Miss.—1st mort...
Trou d Boston—1st mortgage
2a mortgage
3d mortgage..
Convertible bonds
1859
2,186,000
1,300,000
666,000
Ac.
Ac.
Ae.
Ae.
300,000
300,000
(550,000
427,000
680,000
361-2
75
75
100
1868
1871
1873
Special loan, funding mortgage
Valley (V.y.)—1st mortgage
was successor
Memphis, El Paso & Pacific. It has
to the
miles of
Texas, and has issued about $10,000,000 of
land bonds to the construction company. Few or
none of first mortgage issued.
(V.18, p. 479, 504; V.
19, p. 397; V. 20, p. 6-3.)
in
Toledo, Peona & Warsaw
—
Interest in default
December, 1873.
Passed into receiver’s hands
February, 1874. The Burlington branch abandoned
November, 1874, and reopened March, 1875. (V. 18,
p. 1G8, 241, 273, 528, 032;
p. 86, 241, 207, 313.)
V. 19, p. 307, 504, 040; V. 20,
Toiled \ Wabash A Western.—Report for 187.3 was
in The Chkonicle, V. 18. p. 632. Operations for
four years compared as follows ;
Gross
1873
1872
1871
1870
Operating
earnings.
expenses.
$5,738,807
$4,407,378
0,0:48,978
5,730,060
4,305,144
3,770,828
1,959,833
Troy A Boston.—With leased roads forms a line
from Tioy, N. Y., to North Adams, Mass. In 1873
net earnings were
cent paid on stock,
$272, 270. A dividend of 4 per
which is $1,599,000.
Troy Union.—A short road in Troy city. Bonds
issued by city and guaranteed by sevt ral roads.
Tuckerton.— From New Jersey Southern Railroad
.
Nt'te“rnin88-187,Lt7'759,.,A
acres for
*4,944 885;
1871
500 Ac.
1,000
$1,000
At the election in
700,000
hand, $2,794,720.
elected without
Tho annual report states; Arrange¬
Jay Gould
was
ments have been made for the immediate
payment
of the entire floating debt. The
expenditure for con¬
struction and for new rolling milt at Laramie was
$482,563 4-100. Compared with the year previous
there has been an increase in gross earnings of $293.776 46-100, a decrease of expenses cf $390,897 41-100,
and an increase in surplus earnings of $684,673 83 100.
The ratio of expenses to earnings has been decreased
from 43 40-100
per cent to 44
5-100 per cent.
The passenger earnings amounted to $3,952,858 55100 and the freight earnings to $5,664,731 33-1 CO
ft
The
Phila., Safe Deposit Co.
J.
measures
adopted tQ
avoid
blockades have been very successful,
by your company of the coal supply for r
motives has resulted in a saving of over
A D.
A
A
A
A
A
M. A
J. A
J.
J.
J.
J.
J.
A.
J.
A. A
March, 1875, the ticket headed by
Messrs. Dillon and
expenses.”
A. A O.
‘,in«
snow
control
loco¬
$100,000 dur-
ing the past year over the year prw .
the year the company have sueoo'’
000,000 of income bond*, Wllirt
->rtully funded $10,of September into its new
1 matured on the 1st
bonds. Abstractor last, rer
issue of sinking fund
lution to pay 0 percent
.*ort, \. 20, p. 266. A resoby the stockholders *
• annual dividends was passed
.
lk per cont, in Jo’ -a March, 1875, beginning with
General has coir
*y*
The United States Attorney
the company'
-uuenced a suit for $1,040,056 against
20, p. 814.)
as 5 Per cent of its net earnings. (V.
N. Boston,Nat.Bk of Redm
D.
do
do
N.
do
do
J.
do
do
N.
do
do
N.
Boston, Office,
J.
do
do
do
do
do
do
Phila,, Girard Nat. B’k.
do
do
Phila., Girard Nat. B’k.
do
do
do
do
O. N.Y., Bull's Head Bank.
form the United
Companies
leased to Pennsytw
.J
at 10 per cent on stoev
-ma
hi 11 ties. In 1874 the '
- and
operating
expense*-
ApriJ 1875,
r
Pacific Central Branch— This was
formerly
Interest in de-
fan!* *fhison A Pike’s Peak road.
go..'^ 6in<ie November, 1873. No information of litiiTr1
The company claims more bonds from
JI u uted States. (V. 17, p. 588, 884; V. 20, p. 8, 314.)
States.
i Jg*s*s*n
I De^^fa^
fral/rpmr-
sSStaS
1890
1882
1878
1878
Mayl, 1893
1883
Feb., 1907
Feb., 1893
Aug., 1889
1, 1898
July, 1890
Aug., 1901
Nov.
1901
1887
1885
1875
1882
April 1, 1910
1896 to 1899
Meh. 1, 1894
1887
April, 1896
May 1, 1895
1896, ’97, ’98
April 10,1875
Mch. 1, 1901
Oct. 1, 189 ♦
Mch. 1, I&94
Mch.
-
1, 1894
Fq1>. l, 1888
YS80"
Feb.
Jan,
I, 1883
1, 1K89
Nov. 1, 1M89
Aug. 1, 1«78
Overdue.
Jan. 1, 1890
Jan., 1875
July, 1878
July, 1891
,
Nov. 1, 1886
1891
1876 to 18 7T
1902
Oct.
5,
July 1,
July 1,
July 1,
•Tan.
Jan.
Jan.
Jau.
18741883;
1879*
1885
1, 1890
1, 1890
1, lsy '
1.
lg90
*380
1896
m,
T
New Jersey,
Railroad, Oct. 20,1871,
assumption of all ha-
§7,096,449;
$10,021,488;
net, $2,933,039, leav-
of $31,101 after paying mter-
paid off and bonds of 1871 increased
»d00, issued in London.
Central.—Salt Lake to Ogden.
-a’.nings
were
$206,358.
vT/ dca & Black River.—Formerly Black
^ Hca. Gross earnings 1873-4, $485,450;
$240,865; dividends disbursed, $100,122.
In 1872-3
River and
expenses,
Valley (Fa.).—This road was built chiefly by subcription of Baltimore A Ohio Railroad and Balti¬
more city, but is now impecunious.
(V. 19, p. 640;
V. 20, p. 16.)
p
Vermont A Canada— Has been under lease to
Vermont Central, and proposition made in 1874 that
it should be sold to Vermont Central for $3,000,000
in bonds.
(V. 18, p. 008; V. 19, p. 40, 504, V. 20,
p. 16, 141.)
Vermont Central.—The. history of this company
has been much chequered. Its
policy of expansion
and leasing other roads has not resulted favorably.
In 1872 it went to default on interest, and has since
been in numerous complications. It has been pro¬
posed to form
a new
corporation under the
name
of Vermont Central, but this has not yet been per¬
fected. See the following pages: V. 18, p. 88, 006,
608; V. 19,
Vermont
tnflr
1890
Aug., 1888
ads. The loans due in February, and
*■
•v’ere
bv $2 aw)
net
1873
1890
4ro™ earnings were
a loss to Iw
*
and divide-^ees
FfaV
Nov. 1,
Boston, E. Blake A Co. June 1, 18 72
were
ii!g
est
Feb. 1, 1896
Dec. 1, 1894
May 2, 1910
June 1, 1901
A N.
N. Y„ Office of Co.
A A.
do
do
A A.
do
do
A A.
do
do
A N. N. Y., Metropolitan B’k
A A.
do
do
A N.
do
do
A N.
do
do
M. A N.
do
do
M. A N.
do
do
N. Y., Office of Co.
Q.—F.
F. A A
Winslow, L. A Co.
F. A A
N. Y., Office of Co.
M. A N.
do
do
J. A J.
do
do
F. A A.
do
do
F. A A.
J. A J. N. Y., Nat. B’k of Com.
A. A O.
do
;
do
M. A S.
do
do
M. A S.
do
do
M.
J.
M.
J.
M.
1,145,100
217,400
on
June 1, 1912
April 1, 1886
Baltimore.
$142,000
100 Ac.
100 Ac.
500 Ac.
sold, 10,995,088acres; land notes
opposition.
do
do
do
M.
F.
F.
F.
M.
F.
M.
M.
J.
Upwards of eighty-four miles of new steel and iron
rails have been laid
during the past year, and the enNet
tire track, together with the equipment and
dopots
earnings. has been maintained in a
high order of efficiency, t>- ”
$1,331,429
1,013,834 expenditures for which wero charged to ‘'oper#'’ *e
4,544,041
3,236,203
1,308,370
A later report to June
3 ), 1874, was in V. 19, p. 480.
The Hannibal A Naples and other roads following it
in the table are leased, with an obligation to pay in¬
terest on their bonds. In 1874 earnings decreased
largely, and on Feb. 1, 1875, default was made on in¬
terest and a fun4ing proposition offered, which is
yet pending. Mr, J. D. Cox, the President, was ap¬
pointed receiver Feb. 22, 1S75. (V. 20, p. 03, 77, 141,
163, 244, 207.)
fS&
l, .875,J.08S.648
1,000
do
do
do
do
h.
3,000,000
1,000,000
500,000
3,000,000
1,500,000
2,000,000
444,100
1,008,600
2,8(50,000
550,000
200,000
150,000
717,500
850,000
100
100 Ac.
500
1866
1866
1866
1866
1871
35
f.
& O.
A N.
& D.
3,000,000
1865
140
140
140
140
2d series (blue endorsed)....
3d
do (black endorsed)
4th do (not endorsed)
WalkiU
80
77
80
do
8*
100,000
1,000,000
1,769,620
200,000
876,000
1,000
New York, Co.’s office,
Q*—j.
5,000,000
450,000
1,000
1866
1866
1866-9
1867
1872
-
Vicksburg d- Meridian—1st series (red endorsed)
road
1,000
73
Bonds, guaranteed by Vermont Central
Missisquoi Railroad bonds
Vermont Central— 1st mortgage, consolidated
2d mortgage, consolidated
Equipment loans
Stanstead, S. A Chambly bonds
Income and extension bonds (to pay float’g debt).
London.
6
8
866,000
Vermont d Canada—Stock!
Texas A Pacific.—This road
.
1862
1868
1868
1870
or
AJ. New York and Boston
U.S. Treas., at maturity
M.''AS. N. Y., Morton, B. A Co
A. A O. New York and Boston
V. A O.
8 g.
London.
<> g- M. A N. N. Y., Company’s Office
6
U.S. Treas., at maturity
2
Phila. and N.JY. Offices
6 g. M. A S.
Philadelphia, Olliee.
A. A O.
6
do
do
6 g. M. A S.
London,
M. A S.,
do
F. A A. i
Philadelphia,
Due 90 days after demand.
7
« g. F. A A.
London.
6
F. A A.
Philadelphia Office.
6
J. A D.
Princeton. N. ,T.
6
M. A N.
Philadelphia Office.
F. A A. N. Y., B’k of Commerce,
6
A. A O.
do
do
J. A J.
Salt Lake City.
J. A D.
Utica.
A J.
Utica and New York,
A J.
do
do
6 g.
27,236,512
12,000,000
7,916,000
2,500,000
1,600,(XX)
1,600,000
19,000,000
5,300,000
2,000,000
1,846,000
1,800,000
154,000
500,000
1,300,000
1,700,000
1834-7
Mortgage bonds, 2d issue
Valley (Va.)
Vermont d- Massachusetts—Stock
1st mortgage (sinking fund $7,000 per year)
Convertible bonds.
'
do
do
4
7
6
7
27,236,112
100
....
rr
408,000
1.000
£200
1.000
1.000
1871
1871
1871
1871
1871
1871
New York
A A.
& D.
36,745,000
1,000
100
100
7
7
7
7 g.
7 g.
7
7
675,000
225,000
1,000
1,000
1,000
1874
1867-9
1871
1866
’66-7-8
7
7
7
7
7
7
7
7
7 g.
2,700,000
500
500
500
500
1,038
7
7
2,610,000
Troy Union—1st mortgage, guaranteed, Troy City.
2ig
Tuckerton—1st mortgage
29
500 Ac.
1871
Union Pacific—Stock
100
1,038
1st mortgage, gold, on road and equipment
1.000
1,038 1866-9
do
2d
(government subsidy)
3d
do
on road (2d on land),
sinking fund
Land grant bonds on 12,000,000 acres
Omaha bridge bonds, sterling, £500,000
Union Pacific, Central Branch—1 st mort., gold
2d mortgage (government
subsidy)
United X. J. Jilt. <£• Canal Companies—Stock
General mortgage, coupon
United Co.’s mortgage, sinking fund, registered..
do
do
do
do
do
do
do
dollar loan, mortgage
do
bond to State of New Jersey
Joint Co.’s mortgage, sterl’g, s. fd. (£262,000).
do
plain bonds
do
do
do
consol, mort. (sink’gfuml after 1880)
N. J. HR A T. Co., 2d loan (now 1st), plain
do
do
3d loan due State of N. J..
Utah Central— 1st mortgage, gold
Utica d- Blaclcmlticcr—Stock
1st mortgage bonds of July, 1868
*3 ig
600,000
1,000
1873
1869
1868
1870
1871
1871
7
7
7
1,000,000
1,500,000
2,500,000
1,000
1,000
1867
7
300,000
1,000
500 Ac.
F.
J.
A.
M.
J.
7
1,000,000
900,000
2,500,000
2,496,000
500,000
250 Ae.
100 Ac.
167
2d mortgage (Great Western of 1859)
A D.
Stocks—Last
Dividend.
Jan., 1870
15,000,000
1,000
75
167
ISO
34
1st mortgage (Quincy A Toledo)
1st mortgage (Illinois & Southern Iowa).
2d mortgage (Toledo A Wabash)
do
1,000,000
1,800,000
1,600,000
1,300,000
1,500,000
250,000
J.
Whom.
1,700,000
100
...
6 g.
p.m.
Payable, and bir
3,000,000
100
,
pal, When Due.
Rate pei When Whore
Cent.
Payable
Outstanding
100
007
mortgage (E. Div.)
Amount
Par
Value.
-
Bonds—Princi¬
INTEREST OR DIVIDENDS.
or
1103*
-
2d mortgage (W. Div.) convertible
Consolidated mortgage (for $6,200,000).
1st
Size,
1937
247
247
247
of tables.
Toledo, Peoria d Warsaw—Stock
Date
of
of
Road. Bonds
s
at the head of first page
XX1£
p.
A
504; V. 20, p. 16, 141, 186, 314.
Massachusetts.—This
company was
leasing the Troy A Greenfield Railroad till comple¬
tion of Hoosac Tunnel.
Net earnings in 1873-4,
$
Vicksburg A Meridian.—Net earnings year endii g March 1, 1874, were $148,269, as shown in the
•
annual report.
Wallkill Valley.—This road is In default, and negoi,iturns have been pending for an extensio •
CANAL AND MISCELLANEOUS STOCKS
Sabscrlb
•*»
will confer a
Washington City, Va. Mid. d Ot.
Southern—Stock...
2d mortgage, O. & A. RR
1st and 3d mortgage, O. & A. RR
4th mortgage, O. & A. RR
Funded interest, O. & A. RR
1st mortgage, O., A. & M. RR
Gen. mort., gold, Wash. C., Va. Mid.
& Gt. South’n
Lynchburg & Danville, 1st mort., guar., coup
Westchester d Philadelphia—Preferred stock
Date Size, or
Par
of
of
Road. Bonds. Value.
18
18
18
310
mortgage, new
Wilmington d Weldon—Stock
Sterling bonds
500 &c.
1855
1870
1871
1855
1858
1860
1867
,.1873
6512 1871
ioo
■
-
....
1871
Rate per
Cent.
Sinking fund bonds, gold
»
7
7 g.
1,100,000
1,456,200
44
160
90
90
90
90
90
90
90
115
57
28
3L»
Wilmington, Columbia d Augusta—1st mortgage...
600,000
1,200,000
_
1,000
1872
1870
1863
1865
1,000,000
1,400,000
1,000,000
50
&c.
&c.
&c.
&o.
1,200,000
1,359,750
400,000
1,000,000
1,000,000
4,000,000
60
38
63
172
32
4
188
1861
1866
1869
1871
1872
1870
1870
500
500
500
500
500 &c.
3,200,000
64
64
105
64
1868
1870
1871
100 &c.
100 &c.
1,250,000
1,560,100
2,625,000
1,789,800
1,000
Bonds
Nashua & Rochester—Stock
1st m., guar,
do
do
1873
-
(for $700,000)
640,000
350,000
.
6
7
7
8
8
8
6
6
6
6
6
6
6
8
6
6
7
4
6
g.
g.
g.
f.
6
7
7 g.
7 g.
8
7
•o
1874
ioo
....
500 &c.
310,300
250,000
800,000
235,000
7
7
7 g.
5
6 & 7
7 ;
3
6
Lackawanna the first mortgage bonds. This, put in effect in May
bonds. Net last, checked the movement then being made by
earnings in 1873, $416,186.
Washington City, Virgin'a Midland A Great South¬
earnings year ending Sept. 30, 1874,
$978,843; expenses, $577,559; net earnings, $401,284.
The company Issues the consolidated mortgage to
take up the others falling due. Where holders nave
not exchanged their bonds remain unpaid, but inter¬
est has thus far been paid regularly by assistance of
the Baltimore & Ohio Company.
certain holders to foreclose under that mortgage;
but since the close of the fiscal year proceedings,
looking towards foreclosure, have been commenced
by holders of the preferred second mortgage bonds.
The financial condition
Sept. 30,1874, was as follows:
funded
general
Liabilities—Stock subscriptions, $683,242;
debt. $3,675,000; material on hand, $1,032;
$20,998; sundry suspended debts, $14,217—
total liabilities, $4,394,491. Assets—Cost of old road
and appurtenances, $2,388,816; cost of new road,
$1,877,494; sundry individual indebtedness, $3,044;
Westchester A Philadelphia.—Net earnings 1873-4, Union Railroad
Company, $2,500; loss on sale of
$147,949. Old debts retired by new mortgage.
second preferred bonds, $48,500; equipment account,
WUmington A Weldon.—Leased December, 1872, $14,904; sinking fund second mortgage city endorsed,
$29,320—total assets,
to Wilmington, Columbia & Augusta road at 7 per $30,000; balance in bank,
cent on stock.
Lessee assumes all liabilities. (V. $4,394,491.
16, p. 21)
Western North Carolina.—Foreclosure
in pro¬
Western A'abama.—This was a consolidation, gress. Bonds not recognized by company. (V. 20,
Sept. 1,1870, of Montgomery & West Point, and the p. 314.
There are income bond
Western Alabama roads.
Western Pennsylvania.—The Pennsylvania Rail¬
to amount of $613,400. Interest is in default since
road lessee owns $972,650 stock out of the total
Janu2ry» 1873, on bonds not guaranteed.
amount of $1,022 450. $148,000 of branch bonds,
Western Maryland.—This company was largely as¬ and all of $1,200,000 general mortgage bonds; net
sisted by thd city of B dtimore, which has also earnings 1873 were $348,968.
Cost of road, Ac.,
bought its overdue coupons.
Cost of road and $3,730,263.
equipment to October 1, 1^74, $4,266,221. (V. 20. p.
West Jersey.—Consolidation of several roads and
86 ' Annual report lor hist fiscal year to September
branches.
Camden to Cape May, Salem & Swedes30, 1874, shows gross receipts, $277,792; expenses,
boro 126 miles. Net
revenue,
earnings, 1873, ;$275,726.
$231,468; net receipts, $4(3.323. The gross earnings
were $59,407 96 larger than the preceding year.
The
West Wisconsin.—The company defaulted on in¬
lar^e increase in the revenue, the President says,
due January 1. 1875, ana has offered a funding
warrants the belief that at an early day the current terest
interest on the first and second mortgage bonds can proposal. The following is from the official state¬
ment: Since its organization the company has
be met with the surplus earnings of the road. The
Commissioners of Finance of the city of Baltimore issu'd $4,000,000 gold first mortgage land grant
determined to confine such purchase to coupons of bonds, of which $3,815,509 are outstanding; $640,000
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
Balt., R. Garrett & Sons Jan. 1, 1875
do
do
May 1, 1873
do
do
Sept. 1, 1880
J. Balt., R. Garrett & Sons
do
do
N.
do
do
O.
J.
Philadelphia, Office.
do
O.
do
D.
London.
J.
do
N.
J. N. Y., Nat. B’k Republic
O. New York, Soutter & Co.
do
do
O.
do
do
O.
J. Balt., Citizens’ Nat. B’k
do
do
J.
do
do
J,
do
do
J.
do
do
J.
do
do
J.
do
do
J.
J.
O.
Philadelphia, Office.
do
do
J.
do
do
A. Camden, N. J., Co’s Office
do
do
8.
do
do
J.
do
do
'
O.
J. New York and London.
J. New York, Office of Co.
N. New York, J. M. Pickrell
D. Balt., Safe Deposit Co.
Mch. 1, 1882
May 1, 1903
April 1, 1896
Jan., 1875
April 1, 1891
Dec,, 1874
1881
1886
1896
-
Jan.
Jan.
1, 1890
1, 1890
Jan., 1890
Jan., 1890
Jan., 1890
Jan., 1890
Jan., 1902
Jan. 1, 1890
April 1, 1893
Jan. 1, 1896
....
&
&
&
&
&
&
M. &
J. &
F.
M.
J.
A.
J.
J.
Mch.,
Jan.,
Oct.,
Jan. 1,
1883
1896
1890
1886
1902
May 1, 1900
June, 1900
600,000
Income bonds
Wilmington d Reading—1st mortgage
2d mortgage, coupon or registered
Wisconsin Central—1st mortgage, gold, land grant.
Worcester d Nashua—Stock
Bonds ($125,000 are 7 per cent)
800,000
500 &c.
100 &c.
r...
General mortgage
West Jersey—Stock
Loan of 1883, guaranteed by Camden & Amboy..
1st mortgage loan
1st
do
consolidated
West Wisconsin—1st mort., gold, s. fd., 1. gr., conv..
1st mortgage, gold extension, coupon or regist’d .
WiUiamston d Tarboro—1st mortgage
•
749,000
750,000
200,000
400,000
300,000
300,000
600,000
875,000
J.
M.
A.
J.
A.
J.
J.
M.
J.
A.
A.
A.
J.
J.
J.
J.
J.
J.
J.
J.
A.
J.
1875
1900
.....
4
7 f.
648,700
1866
1870
J. & J.
M. & N.
M. & S.
Jan., 1875
F. & A.
6
8
8
526,500
821,300
il6
& J. N.Y., Del., L. & W. RR.
do
do
do
do
J.
7
7
654,000
700,000
578,859
100 &c.
100
pal, When Dae.
When Where Payable, and by
Stocks—Last
Whom.
Dividend.
Payable
3^2
1,800,000
511,400
750,000
2,692,539
1,200,000
221,400
Western (A la.)—1st mortgage (Mont. & W. P.)
Western RR. bonds, before consolidation
2d mort. on consol, road, guar, by Central of Ga..
Western Maryland— 1st mort., endorsed Balt. City..
1st mortgage, unendorsed
2d
do
endorsed by Baltimore
do
2d
endorsed by Washington County ..
a2d preferred mortgage, unendorsea
:3d mortgage, guaranteed by Baltimore
4th
do
for Baltimore City stock
Western North Carolina— 1st mortgage (E. Div.) ...
Western Pennsylvania—1st mortgage
1st mortgage, Pittsburg Branch
ern.— Gross
Outstanding
500 &c.
do
Warren (N. J.).—Leased to Delaware,
& Western at 7 per cent on stock and
Amount
1,650,000
1,500,000
336
27
181
181
1st
do
Monas—Princi¬
INTEREST OR DIVIDENDS.
Miles
explanation of column headings, &c., see notes
at the head of first page of tables.
Warren (N.J.)—Stock
1st mortgage, guaranteed
2d mortgage
[April 3, 1873.
great favor by giving: Immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
AND BONDS.
Oct., 1900
& O. Phila., DeHaven & Bro.
do
do
& O.
& J.
Boston, Office.
& J.
Worcester, Office.
do
do
Various
do
do
A. & O.
July 1, 1901
Jan. 1, 1875
Boat., Globe Nat. Bank.
April 1, 1894
A.
A.
J.
J.
A. & 0.
Jan., 1902
1881 & 1887
April 1, 1893
Southern extension bonds, of which $370,000 are
held as collateral security by floating debt creditors,
$2,5'H),000 seven per cent gold consolidated bonds,
of which $1,471,000 are held as collateral to the float¬
ing debt.
The other debts of the rompany on Jan.
1. 1875. were as follows: Bills payable, $1, 080,921.
There are collaterals belonging to the company held
for these, as follows: Southern extension bonds,
$370,000; consolidated bonds,$1,471,000; and 200 cars;
The gross earnings,
earnings each year
other items of debt. $1,826,141.
operating expenses and net
since 1871 are as follows:
1872.
Earnings
Operat’g
$403,202
expenses 259,059
Net earnings
..
144.142
For full particulars see V. 20, p.
WiUiamston A
1873.
1874.
$869,188
591,974
277,214
$884,920
697,107
187,812
77, 291, 314.
Tarboro.—Road in progress,
No
recent financial information.
WUmington Columbia A Augusta.—This company
leases and operates the Wilmington & Weldon.
1873-4 net earnings were $296,881. , The stock
$300,000.
No dividends yet paid.
In
is
WUmington A Reading.—This road was in pro¬
gress. and defaulted on second mortgage after crisis
of 1873.
Default on firBt mortgage was made April,
1875
The Berks Co., an extension, was sold out
and is now leased to Philadelphia & Reading. Cost
of road and equipment, $3,329,089.
Wisconsin Central.—'This company paid its Jan¬
interest, though at one time erroneously re¬
ported as defaulting. (V. 20, p. 291.)
uary
Worcester A Nashua.— Net earnings
874. Guarantees the stock and
Rochester company, leased.
1873-4. $170,-
bonds of
Nashns'A*
RAILROAD STOCKS AND
April 3, 1875.]
will confer a
Subscribers
great favor by
DESCRIPTION.
For
headings, Ac., see notes
first page of tables.
head of
Date Size, or
Amount
Rate iier
Par
of
Outstanding
Cent;
Bonds Value.
Canal.
When
of
Delaware—Stock
1st mortgage (originally $2,800,000)
Chesapeake dt Ohio—Stock
Maryland loan, sinking fund
Chesapeake dt
1856
Vario’s
25
,
4,375,000
Guaranteed sterling loan...—
Bonds having next preference
50
(>0
(JO
148
148
148
148
Delaware Division—Stock
1st mortgage
Delaware dt Hudson—Stock.
Registered bonds
Registered bonds
Registered bonds
Coupon bonds
Lehign Coal dt Navigation—Stock
1,699,500
1,633,350
1,000
1858
800,000
100
1,000
1867
1869
1871
1872
1873
1874
Debentures, sterling
Debentures, 1873.
1,000
1,000
50
48
1,000
1,000
1,000
gold.
railroad
equipments, &c., gold—
convertible till December, 1877...
1.000
Monongahela Navigation
1st mortgage
83
83
103
103
103
103
103
Co.—Stock
Morris—Stock, consolidated
Preferred stock.
1st mortgage
2d mortgage
Boat loan
Preferred stock scrip
Pennsylvania—Stock
1,000
1,000
1872
extension,
Consolidated mortgage, loan
do
20,000,000
1,500,000
3,500,000
5,000,000
3,000,000
1,000
1,000
Mortgage loan, on
Loan
$1,880,800
1,997,872
8,229,594
2,000,000
$50
14
14
dividend
50
100
100
1856
1860
1865
1869
358
358
108-
by Penn. RR. ($5,000,000)...
Navigation—Stock, common
Preferred stock
t
1st mortgage (due 1897, extended to 1897)
1st mortgage, guar,
1,000
1862
1,000
1,000
various.
various.
50
1870
1,000
50
50
Schuylkill
1,000
1,000
2d mortgage
Mortgage
Common
bonds
1,000
bonds
1870
1863
1864
Improvement bonds
Boat and car loan
Boat and car loan
pref., end. T.
do
3d mort
W. priority bds.
50
....
l?ll>CELi.ANKOUS
Express Company— Stock
Am. Dock dt
(Maryland)—Stock
Co.—1st mort., guar.
Imp.
1,000
Cent, of N. J
100
100
Telegraph—Stock...;
Atlantic dt Pacific
Boston Water Poxcer
1874
(for $2,800,000)
Canton Improvement Company—Stock
Bonds for $5,000,000, gold
Mortgage bonds
Union RR.
10
100
Company—Stock
Iron—1st mortgage
Illinois dt St. Lotus Bridge— 1st
2d mortgage, coupon
3d mortgage, coupon (for
St.
—
2d mortgage
Company—Stock
Dunleith dt Dubuque Bridge—Bonds sinking fund
Mining
1864
1872
1852
1869
1,000
1868
1871
1871
1874
1873
1,000
1,000
1,000
1,000
mortgage coupon s.
fund..
Company—Stock
Steamship Company—Stock
Pennsylvania Coal—Stock
Pacific Mail
1st mortgage bonds
Pullman Palace Car—Stock
Preferred stock
2d mortgage,
Company—Common stock
50
10
100
100
100
Coal—Stock, guaranteed 7 per cent
Coal—Stock
States Express—Stock
Wells, Fargo dt Company Express—Stock
Spruce Hill
United
Western Union Telegraph — Stock
1st mortgage
Real estate bonds, gold, sinking
New mortgage, gold (for
Wilkesbarre Coal
fund
$5,000,000)
£200
100
100
100
gold
Spring Mountain
1,000
100
100
100
100
50
Maryland Coal—Stock
Quicksilver Mining
1,000
100
$3,000,000)
Louis Tunnel RR.—1st mortgage sterling
Mariposa Land dt
Preferred stock
1,000,000
1,003,800
fT
1872
1875
’
Balt., A. Brown
Q-J.
6
5
6
6
5
7
r*
4
7
6 g«
7
7
2
6 g6
6
6 g6
6
7
A Sons.
London.
Q-J.
4
J. A J. Balt., A. Brown A Sons.
Philadelphia, Office.
F. A A.
do
do
J. A J.
F. A A. N. Y., Bk. of Commerce.
do
do
M. A N.
do
do
J. A J.
do
do
J. A J.
London.
J. A J.
A. A O. N. Y., office, 71 B’way.
do
do
J. A J.
July 1, 1878
Feb. 1, 1875
1877
1884
1891
July, 1875
April, 1878
do
do
do
do
do
do
do
do
do
do
do
do
S.
M. A
1870
1890
1885
Feb. 4, 1875
Philadelphia, Office.
Q-M.
Q-J.
Q-F.
J. & D.
J. & D.
J. A D.
....
Pittsburg, Office.
J.
J. N. Y., N. Bk. of Coin Tee.
O. Leh. Val. RR. Co., Pliila.
do
do
O.
do
do
O.
do
do
A.
do
do
do
do
& J.
&
&
A
A
&
&
J.
J.
....
(J
103,000
1,025,000
1,175,000
500,000
285,000
236,965
103,164
4,477,150
3,551,000
997,348
3,131,850
1,714,390
3,990,392
1,135,000
July, 1886
do
do
....
O
A.
A.
A.
F.
5
6
6
7
7
....
J.
....
....
J.
30c. in sc F.
60c. in sc F.
M.
6
J.
6
J.
6
J.
6
46,733
M.
6
260,000
M.
6
756,650
M.
7
628,100
6
&
A
A
A
&
A
&
&
&
A
July 1, 1887
Feb. 4,1875
Feb. 4, 1875
April. 1876
April, 1876
Oct., 1899
Feb., 1887
i.910
Feb. 1, 1875
Feb. 1, 1875
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1897
1897
1877
1882
1911
Jan., 1875
July,
Philadelphia, Office.
Philadelphia, Office.
J.
A.
A.
S.
J.
J.
J.
N.
N.
N.
1894
Feb., 1875
1894
1884
March, 1897
1882 to 1907
1895
Jan., 1876
May, 1880
May, 1913
May, 1915
^
2,002,746
1,000,000
1,311,000
....
....
2,907,850
J. A J.
J. & J.
J. A J.
6
.
.
6
Phila. and
Baltimore.
do
do
do
do
6
M. & N.
10,000,000
2
3
3
N. Y., Bank of N. Y.
Q.-M.
do
do
J. & J.
New York, Office.
M. & S.
J. A J. N. Y., Cent. RR. of N. J.
1,500,000
3,000,000
10,000,000
4,000,000
1,600,000
7
-
Boston, Office.
Jauua’v
J. A J.
J. A J.
J. A J.
(J
F. A A.
(J
A. A O.
6
M. A N.
8
7 g. A. A O.
7 g. J. A J.
7 g- M. A S.
J. A J.
9
3,942,000
2,000,000
(?)
£250,000
10,000,000
N.Y.,Co.’s Office, 71 B’y.
do
do
do
do
do
do
do
do
do
do
9, 1869
3, 1875
Jan.
Jan.
Jan., 1885
1, 1897
Jan.
1879
Feb., 1879
N. Y., by Ill. Cent. RR.
New York and London.
do
do
do
do
Lond.,J. S.Morgan A Co.
Oct. 15, 1874
Nov., 1893
1900
July 1, 1901
Mar. 1, 1886
Jau. 1, 1888
....
,
....
....
....
5,000,000
1, 1875
Sept., 1869
....
Feb.
....
1*2
4,400,000
3,400,000
....
....
60c
4
7
(J
480,000
'ioo
....
....
217,000
498,000
500,000
1,498,000
M
12,1872
due Dec.,1875.
....
1,250,000
1,000
1875
•
.
6 g.
453,000
1,500,000
1,000,000
6,000,000
5,000,000
41,073,410
4,448,900
& D. 1st coup,
.
1872
Nov.
Boston, Office.
....
J.
.
....
10,250,000
5,708,700
1,000,000
....
.
1875
1875
Mar. 1,
Jan. 2,
Mar. 10,
....
1,500,000
55,000 Mil’s.-
487,500
4,000,000
4,291,300
.
10 8.
7
CO
20,000,000
4,000,000
,
i.883
May 1,
Philadelphia, Office.
3.000,000
18,000,000
Jan., 1885
Jan. 1, 1878
Jan., 1894
....
...
1,100,000
1873
Cary Improvement
Consolidation Coal of Maryland—Stock
1st mortgage (convertible)
1st mortgage, consolidated, convertible
do
do
Cumberland Coal A Iron
1,000
16*4
bonds guaranteed
Cumberland Coal and
....
100
100
25
Merchants' Union Express—Stock
Coal
4,775,000
762,779
,132,550
June, 1873
Philadelphia, Office.
....
325,316
Union—Stock
1st mortgage..
Adams
American
American
1,000
1,000
50
45
Susquehanna dt Title Water—Stock
Maryland loan, 2d mortgage
:
Susquehanna Canal, common bonds,
1,000
850,000
5,000,000
9,949,900
836,500
5,441,840
2,000,000
Dividend.
Whom.
& D.
A J.
J.
J.
3
6
Where
Stocks—Last
Payable, and by
payable
CANAL.
Loan, convertible, coupon,
1st mortgage, registered
1st mortgage, registered,
Bonds—Princi¬
notice of any error discovered In these pal, when Due.
Tables.
INTEREST OR DIVIDENDS.
Miles
explanation of column
at the
giving immediate
xxxi
BONDS.
....
3
'
5
7
3
....
Q.-F.
F. A A.
Q.-F.
N. Y., Ill Broadway.
do
do
N. Y., Farm. L. A T. Co.
Feb., 1875
Aug. 1, 1881
Feb. 15, 1875
....
....
....
....
7 g5
1879
....
....
N. Y., E. Kelly
A J.
A D. Pliila., Leliigh
J.
J.
A Co.
Val. RR.
1874
Dee. 10,
....
....
2
4
2
7
7 g.
6
5
Q.-F.
A J.
J.
Canal.—Worked in interest of Penn¬
sylvania Railroad which guarantees bonds. No div¬
idends. Gross receipts 1874, $546,328; net, $310,142.
Q.-J.
M.
M.
A.
M.
A
A
A
A
N.
N.
O.
N.
New York,
Office.
New York, Office.
New York, Office.
N. Y., Bank of N. Yr.
N. Y., Union Trust
Co.
Philadelphia.
Conso'idailon
Feb.
Jan.
1, 1875
15, 1875
April, 15, 1875
Nov., 1875
May, 1902
Nov.,
i869
Coa’.—Annual report for 1874 in
V.
receipts, $2,756,948; ex¬
net, $780,653. A sufficient por¬
tion of new consolidated mortgage is held to retire
Schuylkill Navigation Company.—Leased from old bonds. Guarantees also bonds of the Cumber¬
June 1, 1870, to Philadelphia & Reading for 999 land & Pennsylvania Railroad.
for
years, is making good progress towards years, at annual rent of $655,000, including certain
Illinois A St. Louis Bridge.—Total value of prop¬
meeting its old liabilities. (V. 19, p. 61, 397).
real and personal property conveyed to Philadelphia
erty about $13,000,000. The Tunnel Railroad b.mds
Delaware Division.—hewed, to Leh gh Coal & & Reading. (Last annual report in V. 18, p. 272.)
redeemed annually, from $60,000 in 1877 up to
Navigation Company, at interest on bonds, and 8 per
Susquehanna A Tide Water.—Leased and oper¬ $197,000 in 1888.
cent
year on stock.
ated by Philadelphia & Reading Railroad for interest
Pacific Mail Steamship Company.—The record of
Delaware A Hudson Canal.—This company, which
bonds and half of net earnings.
is among the largest miners and carriers of coal, has
Union Canal.—Receipts for ls73, $43,348; operating this company’s affairs is chiefly limited to the
changes in its board. No information is given of its
of late years leased several railroads, including the expenses, $39,455.
Adams Express Company.—A reference to the earnings. The last flnanci il statement is in Vol. 20,
Albany & Susquehanna, and Rennsselaer & Saratoga,
p. 314.
See V. 19, p. 351, 584, 640; V. 20, p. 141, 162,
and branches. Also endorses bonds of New York suit of Dinsmore and others in V. 19, p. 270.
and Canada railroads. The stock was increased by
American Merchants' Union—A. consolidation of 163, 242, 267, 314.
$5,000,000, April, 1873, and bonded debt has been the old American and the Merchants’ Union.
company
a railroad
American Coal.—The report for 1874 showed gross ofPennsylvania.—This to its coal operates Dividends
considerably increased for improvements, &c. (V.
47 miles In addition
mines.
18, p. 472, 503).
receipts, $938,449; net, $107,660.
have been 20 per cent a year. Floating debt, $565,000.
American Dock and Improvement Comnany.—This
Lehigh Coal A Navigation.—Gross receipts in 1874,
Quicksilver Mining Company .—’See election and
$1,932,321; expenses, interest and taxes, $1, 729,592. is an offshoot of the Central Railroad ofjNew Jersey, brief report in Chronicle, V. 18, p. 247; also V.
Excess of receipts, $202,728. The Central Railroad which guarantees the bonds.
of New Jersey assumes $2,310,000 of the gold loan
Atlantic A Pacific Telegraph.—Mr. Jay Gould is 19, p. 584; V. 20, p. 141.
of 1897, and leases of this company large coal in¬
Spring Mountain Coal Company.—This is guaran¬
supposed to be largely interested in this stock, and
terests, and the Lehigh & Susquehanna Railroad. (V. the Union Pac. Railroad holds some of it. Leases teed 7 per year till 1884 by Lenigh Valley Railroad.
Chesapeake A Delaware.—Delaware City to Chesa¬
peake City, Md. (V. 18, p. 582).
Chesapeake A Ohio,—This company was assisted
by the State of Maryland, and after passing interest
Pennsylvania
20, p. 289, showing
penses, $1,976,294;
gross
some
are
a
on
-
18, p. 297, 504.)
Franklin. (V. 19. p. 502,
Canton Improvement
638, 639.)
Company.—The annual report
for year ending May 31, 1874, showed gross sales and
leases capitalized of $392,2?2, an excess of $157,403
Morris.—Leased April, 18,0, to Lehigh Valley Railthe previous year. The company owns nearly
roan for 999 years.
The lessees assuming bonds and the whole stock of Union Railroad Company ana
•crip, and paying 10 per cent per annum on preferred
guarantees its bonds. (V. 20, p. 314.)
Company.—Rreceipts
18,3, $207,456; expenses, $83,332; dividends, $90,379]
.JitpnpnQtthda Navigation
over
•tock, and 4
on
consolidated stock. (V. V, p. 714).
Western Union Telegraph.—The company holds
$7,287,735 of its own stock, leaving
amount
actually outstanding $33,785,675. The
of 1875 is to retire bonds falling due
See annual report, V. 19, p. 399;
241, G17; V. 20, p. 77,155.
the
new mortgage
in November.
also V. 19, p,
[April 3,1875.
INVESTOBS’ SUPPLEMENT1.
xxxii
Twenty-fourth
DUfUNIY
rniLniA
ANNUAL STATEMENT.
Mutual Life Insurance Go.
PHCENIX
MUTUAL
Mi,
Et
BRANCH
153
OFFICE,
FESSENDEN,
President.
tefc
Broadway
‘V\
|j.
LIFE INSURANCE COMPANY
OP
f. burns,
Secretary.
New York,
The undersigned
well
as
desire to effect new insurance on
carried by them,
now
JANUARY 1, 1875
he has insured, as
their lives or an increase of
desires to inform the numerous friends whom
those who may
the amount
February 1, 1875.
Hartford, Conn.
Income for 1874.
that he has been appointed
A
Premiums
Interest
GENERAL AGENT
$2,725,257 73
651,097 24
$3,376,354 97
Total income.
OF THE
EXPENDITURES.
Phoenix Mutual Life Insurance Gomp’y
OF
Losses and matured endowments
Dividends to
Commissions and salaries of
and
HARTFORD, CONN.,
policies....
policy-holders..
Purchase of surrendered
New York
Fox*
general
282,936 80
special agents
19,764 84
Medical examiners’ fees]
Salaries of officers and
employes
....
P
rinting, advertising, and all other
84,696 26
expenses
and has taken entire
charge of the Company’s Agency and Office, at
Total
No. 153 BROADWAY,
where he may
be daily seen and consulted on all matters pertaining to
Life Insurance.
“Pikenix” for the last three (3) years, he is
enabled to state positively that the Company lie now represents has furnished Insurance
to its patrons at a less net cost than any other company in the world.
Having transacted business with tho
It is
now
in
and is the only
a
highly
prosperous
which accepts one-half the Premium in a Note on
and thereby reduces the cost of Insurauco to the lowest figure, thus
responsible
moderate interest,
condition, under the direction of its old managers,
those of other
rates
are
ASSETS.
Loans
on
by collaterals
Premium notes on policies in force..
Stocks and bonds
Cash in office and bank.
Interest accrued on cash loans
first-class companies, so that, if
the past be taken
as a
basis for the
about to insure can, with confidence, give it their preference.
Company is nearly a quarter of a century old, and its assets over
that insurers
has
are
181,691 13
3,639,330 00
590,835 00
404,749 94
and
178,077 82
bonds
Deferred and outstanding premiums
(less cost of colb ction)
Furniture, safes, etc. (33 per cent of
cost)
Total Assets
515,480 60
9,737 37
not solicited to enter a new or untried
organization, but
one
Surplus, N. Y, standard
$228,333 00
8,749,880 00
$8,978,213 00
$1,127,400 84
which
firmly established an enviable name and reputation.
It issues all desirable kinds of policies, and the freest from vexatious restrictions
in the country.
larger lines of Insurance
reported and not due..
in¬
terest, New York standard)
Death claims
Re-insurance reserve (4% per cent
Total liabilities
DOLLARS,
..$10,105,613 84
LIABILITIES.
lower, and its dividends have been uniformly higher, than
TEN MILLIONS OF
so
$4,586,211 98
renl estate
Loans secured
company
future, persous
The
$2,319,003 92
expenditures
placing it within the reach of all.
Its all-casli
37,850 01
53.986 57
Taxes
City and. Vicinity,
$872,812 49
31,986 52
929,970 43
Policies in force
Amount insured thereby
38,418
$69,211,105 90
of any company
When
the
are
desired than the “ Phcenix ” usually carries,
JAMES A. RHODES, General Agent.
■
E.
surplus will be carefully placed in the best companies.
Respectfully,
FESSENDEN, President.
J. F. BURNS, Secretary.
J. N.
HOLCOMBE, Ass’t Sec»y.
