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OF
Commercial
&
THE
✓
Financial Qhronicle.
WILLIAM B. DANA & GO., PUBLISHERS,
79 & 81
WILLIAM! STREET.
MEW
PRICE
PER
TTORK.
COPY,
TWO
DOLLARS
Free to Subscribers of the CHRONICLE.
[Entered according to Act of Congress in the year 1883,
1*7 WILLIAM B. DANA A Co., in the office of the Librarian of Congress, Washington, D. C.
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Investment
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ALBERT E. HACHFIELD,
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LRAVENS DUCK, SAIL TWINE8, &C.,-“ ONTARIO”
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“AWNING STRIPES.”
SEAMLESS BAGS,
WANTED:
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Indianapolis A fct. Louis Ists.
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Joliet & NorUbern Indiana lsts.
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A full
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supply, all Widths and Colors, always in Stoek.
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Cincinnati Hamilton A Dayton Bonds.
K. -k.
109 DUANE 8Tm NEW
YORK.
Central American Transit Mock.
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JOS. G. MARTIN,
SWAN & BARRETT,
BANKERS
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BROKERS,
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AND DEALER IN
Street,
PORTLAND, ME.
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INVESTMENT SE( ’ URlTlES,
Dealers in Government, State, County, City and
Bailroad
Bonds, Bank Stocks, &c.
Desirable Investment Securities
Av
.
BROKER,
STOCK
constantly
on
No.
hand.
10 State street, Boston.
K.
No. 19 NASSAU STREET,
NEW YORK,
TRANSACT A
General
Banking Business, Receive Accounts & Allow Interest;
DEAL IN INVESTMENT SECURITIES,
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AU STOCKS
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YORK STOCK EXCHANGE, FOR CASH
MARGIN.
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ANA BONDS DEALT IN AT THE NEW
OR ON A
Coupons and X>ivid.end.s
Collected., and Correspondence
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OF
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Commercial & Financial Chronicle.
[Entered according to
*
act of Congreas, In the year
NEW
INVESTORS’
18S3. by Wm. B. Dana & Co.. in the office
SUPPLEMENT
&
CO.,
have been
Publishers,
79 dc 81 William Street.
other
advantages in favor of the
present period—the rate of interest on the obligations
issued is in most cases lower
; -and, taking into considera¬
price at which the bonds
often been
The Supplement contains a
complete exhibit of the Funded Debt of
States and Cities, and of the Stocks and Bonds of
Railroads and other
Companies.
It is published on the last Saturday of
every other
month—viz., February, April, June, August, October and December.
It is furnished without extra
charge to all regular subscribers of
the Chronicle.
Single copies are sold at $2 per copy.
DANA
There
tion the
(£omnurml $ jBnantial Chronicle.
B.
.
Congress, Washington, D. G\]
YORK, AUGUST 25, 1883.
OF THE
WILLIAM
of the Librarian of
a
are
issued, there has
difference of two per cent in favor of 1881*83.
This has also been
partly due to the fact that those pros¬
ecuting the new undertakings have possessed greater
ability and larger capital. Then the bonus given with the
bonds of new enterprises has
usually been in such a
shape as not to swell the annual requirements—
that
is,
it has consisted of
stock
or
income
bonds, on neither of which fixed yearly payments are
BA 1LR OA D BEFA UL TS.
compulsory, thus confining the charges to interest on a
We have frequently called attention in the Investors’ first
mortgage and equipment debt; barring one or two
Supplement to the freedom from
large failures and exceptions of roads notoriously built as a money-making
defaults that is
distinguishing the present period of operation simply, there has probably also been less reck¬
depression in railroad circles from that of 1873-78. lessness in building or duplicating lines where
they were
In the two years and eight months since the 1st of not wanted for
years to come.
But while each of these
January, 1881, we have built about 25,000 miles of new causes is to be credited with a certain influenge in
railroad in the United States, and
although the times have accounting for the present immunity from railroad
.
not
been favorable
sua
for
nearly two years past for the pensions, probably all the others combined are entitled to
floating of new enterprises, and there has boeu a fall in less weight than the one fact first mentioned, that the new
the market value of all securities on our
Exchanges, we mileage has been so largely built under the patronage of
have been singularly exempt from those
painful collapses old or strong companies.
of railroad undertakings that came in such
It is for the latter reason
plentiful
mainly that up to the present
frequency after the crisis of lo73, and contributed bo time so little ill effect has been experienced from the
large
much to disturb and agitate the financial
atmosphere for expansion in our railroad mileage. Only a few minor
years afterward.
companies have defaulted on their interest, and reference
This
absence of
disasters
we
have
ascribed
to
the
totally different methods pursued in the construction of
the new roads, mainly in this, that while
prior to 1873
work was chiefly carried on
by new companies, having
little financial strength, and dependent for their
solvency
which
upon the business
they created in building the new
mileage, the additions to our railroad system iu
recent years have been
to a very large extent the
result of work prosecuted by eld and well-established
companies. Many of these have had ample resources,
and a business of goodly
proportions, out of which
any deficiency on the obligations issued for the new
mileage could be readily met, without crippling the pro¬
jecting company. Besides, as the mileage was largely
built with the idea of
supplying branches or feeders to
the parent road, there was this
advantage to the latter
that an independent concern could not
have, namely, that
if the business on the new line failed to
pay the charges
immediately there was at least the certainty that there
would be
the
an
increase in the business
over
the old lines of
company—a class of business, too, usually very
profitable, since the freight has to be hauled a long dis¬
tance to market.
Thus, if the new road did not pay its
way directly, it not infrequently paid it indirectly, the
loss on the new mileage being offset in whole or in
part
by compensating gains on the old mileage.
same
to these will be made
below.
By companies in default we
only those that have suspended the payment of
interest on their funded debt, whether
they have been
compelled to go into the hands of receivers or have only
mean
had
one
to fund
their coupons or
ask
an
extension of time,
another, on their annual payments. Among
may be classed the R chmond & Allegheny, the
Louisville Evansville & St. Louis, the Little Rock & Fort
Smith, the Toledo C ncinnati & Sr. Louis, the Connotton
Valley, the Danville Oiney & Onio, the Massachusetts
Centra), the Denver & New Orleans, the Denver Utah &
Pacific and the New York C.ty
& Northern.
With one exception all these are roads
having a compara¬
tively small mileage each. The exception is the Toledo
Cincinnati & St. Louis, which has about 800 miles of
completed road, and the career of this company has been
quite remarkable. The nucleus of the system of roads
was the
Toledo Delphos & Burlington
Rtilroad, which
was
organized in 1879, but its active existence may be
said to date from the
early part* of 1881.' At the
beginning of that year it had in operation a line of road
from Toledo, on Lake Erie, to
Kokomo, Indiana, with a
branch from Delphos to
Dayton—altogether about 280
miles.
The company was then
doing a fair business^
The crop9 of 1880 were
remarkably good, and all railroads
were at that time
enjoying a large traffic. , In March,
way or
these
11
INVESTORS'
SUPPLEMENT.
[VOL. XXXVII.
1881, the Dayton
Southeastern, in operation from Day- scribed, so in the very next month an urgent appeal was
ton to Wellston, Ohio, was taken into the system, and made to the subscribers to meet their assessments promptly,
thenceforward it began to attract considerable notice. lest the property be forced into. bankruptcy. Simultane¬
It is a narrow-gauge road, and enlisted its chief support ously there came the further announcement that at least
through the active pushing of the bankers and financial $800,000 more would have to be raised to put the com¬
agents of the company, Messrs. Geo. Wm, Ballou & Co., pany in good working border to meet the large business
who have been largely identified with the enterprise which it was to get.
The money was raised (on 8 per
almost from its inception.
There was some little cent debentures), two years’ coupons were funded, and
trading in the securities here for a time, but the bulk Mr. E. B. Phillips accepted the presidency.
When under Mr. Phillips’ management the road finally
of the transactions have always been made in Boston.
The
benefits to result from making the road narrow gauge, succeeded in reaching St. Louis, and a consolidation with
instead of standard, were enlarged upon with much volu¬ the Cincinnati Northern, another narrow guage road con¬
bility. It would cost less than a wide gauge road, and trolled in the same interest and affording an entrance into
could also be operated for a very much smaller percentage Cincinnati, was effected, it really did seem as if the com¬
of gross earnings.
At any rate, “ Delphos” was then pany had passed the most serious crises in its career, and
Boston’s favorite among the- new roads, and at one time could now look forward to comparatively smooth times.
But even the last estimate was destined to be too small,
the stock sold at the New York equivalent of 38.
Of course, such a considerable railroad property a3 this besides which the subscribers were backward in their
could not be left with a terminus at so insignificant a place payments, so some weeks ago the report came that the
as Kokomo, and St. Louis was selected for its destination
company was again urgently in need of funds.
This
time
the
in the one direction and the Ohio river in the other, and the
Seney party, rumor said, was to furnish the
road was to be made one of the longest narrow-gauge sys¬ necessary means, and color was given the story by the
tems on the continent.
Accordingly, the Toledo Cincin¬ admission of some of their number into the directory of
nati & St. Louis Company was organized for the purpose the company.
At that period the stock sold at about 8.
What
the
of extending the line to St. Louis.
Seney party did or intended to do is not clear,
This company took
but
latter part of July it was deemed best to ask
in
the
within its folds the Frankfort & Kokomo, whose termini
are indicated
in the name, and then went boldly to for the appointment of receivers.
It was said that there
was
a
work to build the extension to
St. L >uis.
The
large floating debt ; that the local aid promised was
not
new project, however, was launched at
forthcoming, &c., &c. The stock dropped to below
an unfortunate
1
in
Boston.
There was no longer any public appetite for new
time.
Such is the history of a most remarkable concern, and
railroad securities, and money was not so readily forth¬
coming as had been expected. Still, confidence in the suc¬ we give it, not so much on its own account as because it is
the only company of large dimensions (as far as mileage is
cess of the enterprise was apparently very strong, and if
there was no profusion of money there was at least enough concerned) that has failed in the recent period of won¬
to push the work steadily on.
As the Cincinnati & St. derful railroad extension. It will be seen that it differs
in all its essential characteristics from almost every other
Louis had been formed mainly in the interest of the Del
phos & Burlington (which, in addition to the Dayton & company that has largely prosecuted the work of new
Southeastern, had absorbed the Iron RR., a small coal railroad construction within the last two years. It was
and iron road on the Ohio River, in 1881), it was con. not an old company with a profitable business back of it
eluded to merge the two companies into one, under the but a new company with all its business to be worked up.
As to the other minor roads mentioned as having
name of the former, and this was accomplished in March)
1SS2.
Mr. J. M. Corse, the former president, gave place become embarrassed, some are subject to the same criti¬
to Mr. R. M. Pomeroy, and as $1,500,000 had been ad¬ cism as the Toledo Cincinnati & St. Louis, and others
vanced by a syndicate of Boston capitalists, on a deposit have individual peculiarities or misfortunes of their own
The Connotton
of a lot of the company’s securities and other assets, it which account for their embarrassment.
seemed as if all difficulties had now been overcome. Valley, as a narrow guage, has had a very similar expe¬
Certainly, those Boston people who had become a little rience to the. Toledo Cincinnati & St. Louis, with the
dubious about the enterprise, felt reassured of its ultimate additional disadvantage that while it has a desirable ter¬
minus at one end (Cleveland) it has only a local terminus
success.
When in the summer of 1882 a revival was mani¬ at the other, with no money or encouragement to extend
fested on the Stock Exchanges, the company’s securities the line any further.
The Danville Olney & Ohio, originally a narrow guage,
shared in the upward movement to a decided extent, and
the “Delphos trusts,” meaning the certificates representing is a broad guage now, but it has no termini of any conse •
the securities on which the 1£ million loan had been raised, ,quence.
It was projected to run to the Ohio River, but it
has got scarcely half way there, and the funds to complete
gave evidence of becoming “ one of the most profitable
subscriptions on record.”
At the values then ruling it are lacking. The road is in a section of country quite
for the various securities in the trust, the certificates liberally supplied with railroads, as indeed is the case
with the narrow-guage roads above mentioned.
were nominally worth over 170, but still they would sejl
The Richmond & Allegheny passes through a good
at only 105.
In November, 1882, the subscribers to the
Trust were called together to hear the report that as some section of country, not over supplied with railroads, but
of the money subscribed for the completion of the road the earnings have proved insufficient.
Messrs. James G
had been by their permission diverted to other uses, such Blaine, William II. Barnum, Hugh McCulloch, and other
as retiring floating debt, &c., some $360,000
more were distinguished gentlemen, were at one time actively inter¬
immediately needed to accomplish the original objects of ested in the company, and it was probably by the assist¬
The subscribers magnanimously agreed to ance of their names and their energy that the stock sold
the Trust.
as
assess themselves 25 per cent in addition to their original
high as,SO, while now down to 5 or 6.
The
Louisville Evansville & St. Louis is perhaps better
subscription—taking some more of the company’s securi¬
ties in return—and thus provide $375,000.
This money, situated than any of these, since its line of road is com
it appears, was not paid in as quickly as it had been sub¬ pleted, and in conjunction with the St. Louis division.
.J
INVESTORS
August, 1883.1
of the Louisville & Nashville forms
'
SUPPLEMENT.
ni
pretty direct route obtain an idea of the position of the delinquent concern.
connecting two populous cities, St. Louis and Louisville. The creditor in a defaulted railroad finds not
only his
Possibly, with the extension of time asked of the bond¬ investment in jeopardy, but, to add to his
discomfiture, his
holders, the company will be able finally to keep its affairs claims to a
knowledge of the road’s affairs are often
in
a
good trim.
treated with indifference..
Why should not the same rule
properly belong to that applies to private insolvencies be made to apply to
the present era.
The panic of 1873 dealt it- its first blow, corporate insolvencies, and the Receiver of a
defaulting
and though it was revived in the
prosperous times suc¬ railroad company be compelled to furnish a detailed state¬
ceeding 1879, its prospects have never been flattering. ment of its funded and
floating debt, its liabilities of every
To-day it represents a great amount of money expended to description, its assets fixed
and^ available, its earnings,
no purpose.
It begins nowhere and ends nowhere. It expenses, &c., &c.? The Receiver is an officer of the
Court,
can not be made to
pay operating expenses, and the run¬ and the Court should
require such an exhibit to be made*
ning of trains has been abandoned. The Little Rock & The following is a table of the bonds
recently in default.
Fort Smith suffered
The Massachusetts Central does
some
1
not
from the failure
crop in 1881, and accumulated
but was more seriously affected
a
by
of the
moderate
a
floating debt,
decision of the
that the State bonds issued in aid of the
claim on the property
cotton
courts
railroad had
a
preceding that of the mortgage
bondholders.
The Denver & New Orleans is
parallel to other roads in
country where mining business has dwindled of late
years, and it has been subject to* great annoyance by the
a new
older lines.
The construction
company
work, pledged a
stock and bonds
prosecuting the
large amount of the railroad company’s
as
security for loans which it was unable
Connotton Valley—
1st consol. 5s and 6s, 1922
Danville Olney & Ohio—
1st
$5,594,000
mortcngo 7s, 1910
801,000
Denver & New Orleans—
1st mortgage
Denver Utah & Pacific—
1st mortgage 6s. 1911
2,286,000
Louisville Evansville & St. Louis—
1st mortgage 6s, gold, 1921
2d mortgage 7s, gold, 1902
Little Hock & Fort Smith—
1st mortgage land grant 7s, 1905
Massachusetts Central¬
is! mortgage gold 6s, 1900
New York City & Northern—
1
1st
mortgage 7s, 1908
Consol, mortgage 6s, 1910
Richmond & Allegheny—
1st mortgage 7s, gold, 1920..:
2d mortgage 6s, gold, 1916
Toledo Cincinnati & St. Louis—
1st mortgage 6s, gold, 1921
1st Toledo Delplios &
Burlington, 6s, 1910
1st Dayton Division, 6s, 1910
1st Cincinnati Division,
gold, 6s, 1921
1st Toledo term, trust, 6s, 1910
1st Southeastern Division, gold,
1921
Equipment 7s and 6s
1st Iron Railroad 6s, 1901
1st Cincinnati Northern 6s, 1920
1st Avondale Branch 6s, 1921
•
‘
412.000
3,900,000
1,000,000
2,476,500
3,500,000
264,000
3,685,000
4,925.000
4,000,000
3,000.000
and the securities have consequently been ad¬
1,250,000
1,000.000
vertised for sale.
It has recently been understood that the
250,000
250,000
stockholders of the railroad company would come to the
2,250,000
2,052,000
rescue and save the
property. The Denver Utah & Pacific
500,000
1,000,000
belongs in much the same category as the Denver & New
700,000
Orleans.
As in the case of the latter, the road lies in
Total
$15,095,500
Colorado and has been built by a construction
One thing is clearly brought out
company,
by the embarrassments,
and, as in that case, the money with which to carry on the few that they are, of new roads, and that is, that those
work was raised on a pledge of the road’s stock and
entering upon work of this character should clearly
bonds.
The notes .falling due before the construction measure the cost, and their
ability to defray it, before
company could take care of them, the securities are now embarking upon ventures of any magnitude.
One of
to take up,
advertised for sale like those of the Denver & New Orleans.
The difficulty with the New York
City & Northern may
be said to be that the additions to the
company’s debt,
made to
complete the road, have entailed an interest
charge heavier than the comparatively meagre income of
the road is yet able to meet.
The company has thus far
also been disappointed in its expectations of
getting a
the most fruitful
of disaster is the
causes
piling up of
large floating debts, which become unmanageable, and the
company, unlike an older concern, being without credit or
resources, has to pass into
railroad enterprise to be
the hands of its creditors.
A
successfully carried through
provided with at least sufficient money to enable
the company to meet its
obligations until the road is in
share of the Boston traffic to and from New York.
As is position to earn its charges out of current business.
If
known, the road forms, in connection with the New York the projectors be not in position to guarantee that, then
& New England, a complete through route between this the company will be in
danger of embarrassment, for
while
it
city and Boston, and it was supposed that on its completion
may be a comparatively easy matter to secure the
the road would at once come in for some of the
important money from the public at certain favorable times, periods
traffic between those points, but for some reason or other, of depression
may come when the public avoid with
probably on account of a difference in views among scrupulous care all new ventures.
Not only is the
the managers of the respective companies, this class of contraction of a
floating debt in such circumstances an
business is still out of its reach.
evil, but by reason of the company’s precarious or uncer¬
Bringing all these various roads together, we find that tain condition it must pay very much more for everything
the actual amount of defaulted indebtedness represented that it buys.
If it had abundant cash ready at hand, it
could
make
the
best of terms with the builders. It would
by them aggregates 45 million dollars, as appears by the
table below.
We have included in the list neither stock get superior material and
superior work at the lowest
nor income bonds, but simply
rates.
Since
it
has
no
the obligations on which
cash, and no credit, it can not be
the payment of interest was compulsory, so that the table exacting in its
dealings and must accept what it can get.
The
“
block
”
correctly reflects the extent of the disasters as affects
system of selling securities has yet to be
those who held the securities for the annual interest
tested in this connection.
pay¬
Finally, it adds greatly to the
ments which they were supposed to bring.
The table is strength of a new corporation to find its securities largely
believed to be approximately correct as respects each or mainly in the hands of the projectors of the
enterprise,
should be
and not dealt out to the
particular road.
public at every opportunity, as if
It is not always easy, however, to get at the exact fear had seized even the insiders.
Some of the heaviest
figures in the case of railroad insolvencies. When a undertakings of recent times have been carried to a suc¬
private debtor fails, he is expected to furnish his creditors cessful end with the marketing of only a small portion of
with
a
schedule of his assets and liabilities at the earliest
the stock
or
bonds.
That
so
few*disasters have occurred
railroads in the present period of depression is
opportunity. When a railroad corporation fails,the creditors largely traceable to a better
understanding of these various
must ransack back reports and current newspaper items to conditions than existed ten
years ag'
among our
INVESTORS’
IV
INDEX
For reference to the former
name
that has been consolidated or reorganized the following is prepared:
WILL NOW BE FOUND UNDER—
FORMER NAMB.
Selma Rome A Dalton.
EastTenn. Virginia & Georgia.
A labama A Tennessee River
Alabama Central
American Dock A
of any company
RAILROADS.
OF
NAMES
WILL NOW BE FOUND UNDER—
FORMER NAME.
Allegany Central
TO
SUPPLEMENT
Lackawanna & Pittsburg.
Improvem’t Co...Central of New Jersey.
Leeds A Farmington
Maine Central.
Lehigh A Wilkesbarre Coal Co
Lexington A Southern
Central of New Jersey.
Missouri Pacific.
Louisiana A Missouri
Louisiana Western
Chicago A Alton.
..Texas <?/. New Orleans.
Androscoggin A Kennebec
Maine Central.
Arkansas Valley
Atchison A Nebraska
Atchison & Pike’s Peak
Atlantic & Great Western
Atlantic & Gulf
Atlantic Mississippi A Ohio
Atlantic & Pacific
Denver A Rio Grande.
Chicago Burlington A Quincy.
Louisville Cincinnati A
Louisville N. Albany dt
Norfolk A Western.
Macon A Western
Marietta A Cincinnati
Marietta Pittsburg A Cleve
8t. Louis & San Francisco.
Baltimore Short-Line
Marietta & Cincinnati.
Bay City A Saginaw
Flint A Pere Marquette.
Beloit A Madison
Boston Clin. Fitch. & New Bed
Berks County
Boston Hartford & Erie
Buffalo & Erie
Buffalo Pittsburg A Western
Chicago A Northwes
Menominee River
Old
Metropolitan Elevated
Michigan Air-Line
Michigan So. A North’n Indiana
Midland of New Jersey
Chicago Burlington A Quincy.
Missouri Pacific.
Missouri Pacific.
Central Pacific.
United Companies of New Jersey.
Cape May A Millville
West Jersey.
Central Branch Union Pacific
Central Vermont
Central Branch Union Pacific.
Flushing North Shore & Central.
Vermont Central.
Cham. Havana A West
Charleston & Savannah
Wab. St. Louis A Pacific.
Savannah A Charleston.
Long Island
Chicago Cincinnati A Louisville
Chicago Clinton DubuqeA Minn
Chicago &
Chicago A
Chicago
Chicago
Chicago
Chicago
Chicago
A
A
A
A
Wabash St. Louis & Pacific.
C. M. A St. Paul.
Great Eastern
Columbus Chic. A Indiana Central.
Illinois River
Chicago A Alton.
Michigan Lake Shore .^.Chicago A West Michigan.
Milwaukee
Chicago A Northwest.
Springfield
Illinois Central.
Chicago Rock Island A Pacific.
Southwestern
.
St. Louis A New Orleans... Illinois Central.
Chic. St. Paul A Minn
Cincinnati A Baltimore
Cincinnati A Chicago Air-Line
Cincinnati A Indiana
Chic. St. Paul Minn. A Omaha.
Cincinnati Wash. A Baltimore.
Columbus Chic. A Indiana Central.
Cin. Indianapolis St. Louis A Chic.
Cin. Indianapolis St. Louis A Chic.
Utica A Black River.
Cincinnati Lafayette A Chicago
Clayton A Theresa
Cleveland Mt. Vernon A Delaware..Cleveland Akron A Columbus.
Cleveland Painesville A Ashtabula..Lake Shore A Michigan Southern.
Cleveland A Toledo
Luke Shore A Michigan Southern.
Col. Chicago A Indiana Central.
Chicago St. Louis A~Pittsburg.
Columbus A Indiaua Central.
Columbus Chic. A Indiana Central.
Columbus A Indianapolis Central...Columbus Chic. A Indiana Central
Columbus A Toledo
Col. Hocking Valley A Toledo.
Connecticut Western
Hartford A Connecticut Western.
Covington A Lexington
Kentucky Central.
Dakota Southern
Danville A Vincennes
8ioux
City A Dakota.
Chicago A East. Illinois.
Chicago Milwaukee A St. Paul.
Davenport A Northwest
Decatur A East St. Louis
Denver Pacific
Detroit A Bay City
Detroit A Eel River
Detroit A Milwaukee
Detroit Monroe A Toledo
Detroit A Pontiac
Dixon Peoria A Hannibal
Wabash St. Louis A Pacific.
....Union Pacific.
Michigan Central.
.Eel Rivor.
Detroit Grand Haven A Milwaukee
Lake Shore A Michigan Southern.
Detroit Grand Haven A Milwaukee
Dubuque Southwestern
Easton A Amboy
Elizabeth City A Norfolk.
Lowell A Framingham.
Frankfort A K®komo
Toledo Delphos A
Galena A Chicago Union
Grand Rapids New A L. Shore
Grand River Valley
Great Western (Hi.)
Green Bay A Minnesota
Greenville A Columbia
Buriington.
Chicago A Northwest.
Chicago A West Michigan.
Michigan Central.
Wobasli St. lamis A Pacific.
...Green Bay Winona A St. Paul.
Columbia A Greeuvilie.
Hannibal A Central Missouri
Hannibal A Naples
Harlem A Portchester
Missouri Kansas A Texas.
Wabash St. Louis A Pacific.
New York New Haven A Hartford.
Chicago A Northwest.
Valley
Vermont A Canada.
Chicago St. Louis A New Orleans.
; Mississippi Central
Missouri River Fort Scott A Gulf.Kansas City Fort Soott A Gulf.
Missouri River RR
Missouri Paoiflc.
.*
Montclair
New York A Greenwood Lake.
Monticello A Port Jervis
Port Jervis A Monticello.
Nashua A Rochester
Newark A New York
Worcester A Nashua.
Central of New Jersey.
New
New York Susquehanna A Western.
Jersey Midland
New Mexico A So. Pacific
Atchison Topeka A Santa Fe.
New Orleans Jackson A G. N
Chicago St. Louis A New Orleans.
New Orleans Pacific
Texas A Pacific.
New York Elevated
Manhattan Elevated.
New' York & Oswego Midland
New York Ontario A Southern.
New York A Rockaway
Long Island.
Newtown & Flushing.............i..LougIsland.
Niles A New Lisbon
Cleveland A Mahoning Valley.
Norfolk & Petersburg
Norfolk A Western.
North Missouri.
Wabash St. Louis A Pacific.
North Wisconsin
Chic. St. Paul Minn. A Omaha.
Northwestern North Carolina
Richmond A Danville.
Northwestern Union
Chicago A Northwest.
Northwestern Virginia
Baltimore A Ohio.
,
Oakland A Ottawra River...
Ohio A West Virginia
Oil Creek
Omaha A Southwestern
Ontario Southern
Pacific of Missouri
Paducah A Elizabethtown
Pekin Lincoin A Decatur
Peninsular (Mich.)
Peoria Pekin A Jacksonville
Missouri Pacific.
Atchison Topeka A Sauta Fe.
Portland A Kennebec
Prairie du Chieti
Pueblo A Arkansas Valley
Chicago Milwaukee A St. Paul.
Maine Central.
Atchisbn Topeka A Santa Fe.
Chicago Burlington A Quincy.
.
Wabash St. Louis A Pacific.
Hannibal A St. Joseph.
Quincy A Palmyra
Quincy A Toledo
St.
St.
St.
St.
St.
St.
St.
St.
St.
St.
St.
St.
St.
Joseph A Denver City
Joseph A Pacific
Missouri Kansas A Texas.
Detroit Lansing A Northern.
Burlington Cedar Rapids A North’ll.
Chicago Milwaukee A St. Paul.
Chicago A Northwest.
Chicago Milwaukee A St. Paul.
Iowa South. A Missouri North
Chicago Rock Island A Pacific.
Jackson Lansing A Saginaw
Michigan Central.
Jamestown A Franklin
Lake Shore A Michigan Southern
Joliet A Chicago
Chicago A Alton.
Kalamazoo Allegan A Gr. Rapids ..Lake Shore A Michigan Southern
Kalamazoo A Schoolcraft .1
Lake Shore A Michigan Southern.
Kalamazoo A South Haven
Michigan Central.
Kalamazoo A White Pigeon
Lake Shore A Michigan Southern.
Kansas City A Cameron
Hannibal A St. Joseph.
Kansas City A Eastern
Missouri Pacific.
Kansas City St. Jos. A Council B
Chicago Burlington A Quincy.
Kansas City St. Louis A Chic
Chicago A Alton.
Kansas City Topeka A Western
Atchison Topeka A Santa Fe.
Kansas A Nebraska
St. Joseph A Western.
,
Kansas Pacific
Union Pacific.
Lackawanna A Bloomsburg
Delaware Lackawanna A Western.
Lafayette Bloomington A Muncie...Lake Erie A Western.
Luke Erie Wabash A St. Louis
Leavenworth Atchison A N’west
Leavenworth Lawrence A Galv
Wabash St. Louis A Pacific.
Missouri Pacific.
Kansas City Lawrence A Southern
.Chicago A Northwest.
Cincinnati Sandusky ACleveland.
Cincinnati Sandusky ACleveland.
Atlantic. A Gulf.
Sandusky City A Indiana
Sandusky Dayton A Cincinnati
Savannah Albany A Gulf
Missouri Kansas A Texas.
Chic. St. Paul Minneap. A
International A Great Northern
Ionia A Lansing
Iowa City A Western
Iowa A Dakota
Iowa Midland
Iowa A Minnesota
..
St. Joseph A Western.
St. Joseph A Western.
?
Louis Iron Mouut’n A Southern.Missouri Pacific.
Louis Jacksonville A Chicago — Chicago A Alton.
Louis Kansas A Arizona
Missouri Pacific.
Louis Kansas City A Northern...Wabash St. Louis A Pacific.
Louis A Lexington
Missouri Pacific.
lxmis Rock Island AC
Chicago Burlington A Quincy.
Louisville A Nashville.
Louis A Southeastern
Paul A Chicago
:
Chicago Milwaukee A St. Paul.
St. Paul Minneapolis A Manitoba.
Paul A Pacific
Paul A Sioux City
...Chic. St. Paul Minn. A Omaha.
Paul Stillwater A T. F
Chic. St. Paul Minn. A Omaha.
Houston A Great Northern
Hudson A River Falls
Indianapolis Decatur A Springfield
Cin. Indianapolis St. Louis A Cliic.
Cin. Indianapolis St. Louis A Chic.
Wabash St. Louis A Pacific.
Chicago Burlington A Quincy.
Burlington A Missouri in Nebraska.
.
Rochester A Northern Minnesota
Schoolcraft A Three Rivers
Indianapolis A Cincinnati
Indianapolis Cin. A Lafayette
Buffalo Pittsburg A Western.
Pomeroy A Newark.
Chicago A Lake Huron.
Savannah A Charleston
Wabash St. Louis A Pacific.
Wabash St. Louis A Pacific.
Pomeroy A State Line
Port Huron A Lake Michigan
Flint A Pere Marquette.
Omaha.
Chicago Burlington A Quincy.
..Chicago A Northwest.
Pleasant Hill A De Soto
Chicago Milwaukee A St. Paul.
Illinois Grand Trunk
Illinois A Southern Iowa
Indiana A Illinois Central
Chesapeake Ohio A Southwestern,
Peoria Decatur A Evansville.
Pittsburg Titusville A Buffalo
Hastings A Dakota
New Haven A Northampton.
.Burlington A Missouri in Nebraska
Lake Ontario Southern.
Washington City Va. Mid, A Gt. So.
Chicago Burlington A Quincy.
Holly Wayne A Monroe
Holyoke A Westfield
Detroit Gr. Haven A Milwaukee
Col. Hocking Valley A Toledo.
Pittsburg Titusville A Buffalo.
Orange A Alexandria
Ottawa Oswego A Fox River
Quincy A Warsaw
Republican Valley
Atchison Topeka A Santa Fe.
Florida Central A Western.
Michigan Central,
Lake Shore A Michigan Southern.
New York Susquehanna A Western.
Chicago Milwaukee A St. Paul.
Chicago Milwaukee A St. Paul
Missisquoi
Nortolk A Southern.
Eastern (Mass.)
Flint A Pere Marquette.
Framingham A Lowell
I
Chicago Burlington A Quincy.
Essex
Evansville A Crawfordsville
Evansville A Terre Haute.
Evansville Henderson A Nashville..Louisville A Nashville.
Flint A Holly
Florence El Dorado A W
Florida Central
1 Minnesota
Quincy Alton A St. Ixmis
Quincy Mo. A Pacific
Chicago Milwaukee A St. Paul.
Lehigh Valley.
Louisville Evansville A St. Louis.
Wash. City Va, Mid. A G$. Southern
Georgia RR. A Banking Co.
Central Railroad A Bank Co., Ga.
Cincinnati Wash. A Baltimore,
Clevelaud A Marietta.
Connecticut A Passumpsio.
Louisville A Nashville.
Chicago A Northwest.
Manhattan Elevated.
Milwaukee A Western
Minnesota Central
..Buffalo New York A Philadelphia.
Cairo Arkansas A Texas
Cairo & Fulton
California A Oregon
Camden & Amboy
St. Louis
Massawippi
Memphis A Ohio
Colony.
Philadelphia A Reading
New York & New England.
Lake Shore A Michigan Southern.
Burlington A Missouri
Central of
Lynchburg A Danville
Macon A Augusta
Union Pacific, Central Branch.
New York Pennsylvania A Ohio.
Savannah Florida A Western.
Lexington.. Louisville A Nashville.
.Charleston A Savannah.
Lake Shore A Michigan Southern.
Marietta A Cincinnati.
Chicago Milwaukee A St. Paul.
...Chic. St. Paul Miuu. A Oliaina.
Long Island.
St. Louis A San Francisco.
Brooklyn A Moutauk.
Norfolk A Western.
Scioto A Hocking Valley
Sioux City A Dakota
Sioux City A St. Paul
Smithtown A Port Jefferson
South Pacific (Mo.)
,
South Side, (L. I.)
South Side (Va.)
Southern Georgia A Florida.
Southern Minnesota
Savannah Florida A Western.
Chicago Milwaukee A St. Paul.
Vermont Central.
Stanstead S. A Cliambly
Steubenville A Indiana
Tebo A Neosho
Toledo A Illinois
Toledo Logansport A Burlington
Toledo Peoria A Warsaw
Toledo A Wabash
Union
Union A Ixigausport
Union A Titusville
Utah Southern
Vermont A Canada
Vermont Central
Washington
City Va. Mid. A
West Chester & ..Philadelphia
West Wisconsin
Western Pacific
Western Union Railroad
Wichita A Southwestern
Winona A St. Peter
Wisconsin Valley
Columbus Cliic. A Indiana Central,
Wabash St. Louis A Pacific.
Wabasli St. Louis A Pacific.
Northern Central.
Columbus Chic. A Indiana Central,
.....PittsburgTitusville A Buffalo.
Utah Central.
Consolidated Vermont.
Consolidated Vermont.
.Chesapeake A Ohio.
Norfolk A Western.
Virginia Central
Virginia A Tennessee
Wabash A Western
Waco A Northwest
Wallkill Valiev
Pittsburg C. A St. Louis.
Missouri Kansas A Texas.
Wabash St. Louis A Pacific.
Wabash St. Louis A Pacific.
Houston A Texas Central.
Lehigh A Hudson River.
Gt So. Virginia Midland.
.Philadelphia A Baltimore Central.
.
Chicago St. Paul A Minneapolis,
Central Pacific.
Chicago Milwaukee A St. Paul.
Atchison Topeka A Santa Fe.
..Chicago A Northwest.
Chicago Milwaukee A St. Paul.
STOCK AND BOND TABLES.
These tables
NOTES.
expressly intended to be used in connection with the information
concerning Investment matters, published from week to
reek in the Chronicle—to which an index is
furnished in the remarks at the foot of the tables.
Annual reports are in black-faced
A description of U. S. Government Securities
figures.
is published in the Chronicle each
month, as soon as the official “Debt Statement” is issued.
Prices of all active Stocks and Bonds are
quoted weekly in the Chronicle, and a list of
general quotations is published monthly.
The following will give explanations of each column
of the tables below:
Description.—Railroads leased to others will sometimes be found
under the lessee’s name. The
M. foi “mortgage.” s. f. for
following abbreviations frequently occur, vi*
“sinking fund,” 1. gr. for “ land grant,” reg. for
“
"
—
'
registered,” coup, for
guaranteed." end.for “ endorsed.” “
“ coupon,”
Br. for “Bran’oli,”
fo»
Coupon*”
indicates that the bonds are
Date of Bonds.—The date of issue is referred to in
coupon,
but
may
be
registered.
this column.
Miles of Road.—Opposite Stooks, this means the
miles of road operated, on which the
earnings are based; opposite bonds, the miles covered
by the mortgage.
Bize or Par Value.—These figures are
dollars, showing the denominations or par value. The
Rate Per Cent—The interest per annum is
given for bonds, but the per cent of last dividend forfigures “ 100, Ac.,” signify $100 and larger.
When
stocks; a means gold; x, extra; s, stock or scrip.
ids for
for Jan. &
A July; F. A
Payable^—J.
A
J.
stands
A., Feb. A
<S^A.,_Feb.
A Aug.; M. A 8., March A Sept.; A. A O.,
June A Dec.; Q.—J.,
O.,.April A Oct.; M. A N., May A Nov.; J. A D.,
quarterly from January; Q.—F., quarterlyfrom
larterlvfrom Feb.; Q.—M.,
Bonds, principal when due; Stocks, lust dividend.—The
quarterly
from March.
*
ite in this column shows
the period when the principal falls
when the last dividend was paid on stocks
due of bonds, but the time
are
892071 781
Subscribers will confer
a
STATE SECURITIES.
great favor by giving Immediate notice of
any error discovered in these Tables.
DESCRIPTION.
For explanations
see
Date of
Bonds.
notes above.
Size
INTEREST.
Amount
or
par
Value.
Outstanding
Alabama—Substitution bonds (A) ($7,000,000).
Rate.
1876
$100 Ac.
Bubstitut’n b’ds for RR, (B) ($596,000)
1876
100 Ac.
do
for Aki. A Chatt. (C)
($1,000,000)
1876
100 Ac.
Funding “obligat'ns” (tax-rec’ble 10-20 yrs.).
1880
Arkansas—Funding bonds of 1869 and 1870
1869 to ’70
1,000
$6,711,300
4 Ac.
6
1870
1,000
1871
100 Ac.
including interest
1833 to ’39
1,000
Sinking fund bds.(Loughborough)Act.Dec.,’74
1875
1,000
To Memphis A Little Rock Railroad
1869
1,000
To Little Rock A Fort Smith Railroad
1870
1,000
To Little Rock, Pine Bluffs A N. Orleans RR.
1870
1,000
To Miss., Ouachita A Red River Railroad
1870
1,000
To Arkansas Central Railroad
1870
1,000
California—State Capitol bonds
1870 A ’72
Funded debt bonds of 1873
1873
500 Ac.
Connecticut— War bonds, 20 year
1864
1,000
War bonds, not taxable, 20
Coupon
year..
1865
100 Ac.
or
Bonds, 10-20 year
1877
,
1,000
New bonds (sink, fd.)
J re#18t a
1883
Delaware.—Refund’g bds., ser. “A,” “ B” A “C”
1881
1,000
School bonds
Dist. of Columbia- Perui’t imp’t,
gold, coup
1872
500 Ac.
Permanent improvement bonds, coupon
1873
100 Ac.
Bds for fund’g (Act June 10, ’79)
coup, or reg.
1879
100 Ac.
Fund, b’ds (U.S.guar.,Acts
June,’74AFeb.,’7o)
1874
50 Ac.
Market stock, coupon.
1872
50 Ac.
Water stock bonds, coupon
1871 to’73
1,000
"Wash, fund’g, gld,($654,000 are
M.AN.,1902).
1872
100 Ac.
Florida—State bonds
1871
100
Gold bonds
:
1873
100 Ac.
Georgia—Atlantic A Gulf Railroad bonds
1866
500
Bonds, act of Mar. 12, ’66 (renewal W. A A.)..
1866
500 Ac.
Quarterly gold bonds, act of Sept. 15, 1870..
1870
1,000
Bonds, act of Jan. 18, ’72
1872
1,000
Bonds for funding (Act Feb. 19.
’73)
1873
250Ac.
Bonds to fund coupons on endorsed
bonds...
1876
1,000
Bonds exchanged for endorsed RR. bonds
1877
1,000
Indiana—Bonds, coup, (pay’ble after Apr.1,’84)
1879
School fund bonds
(non-negotiable)
1867 to ’73
JTa/i#as—Bonds, 1861 to ’69, funding, Ac
1X61 to ’69
lOOAc.
Bonds for various State purposes
1861 to ’75 100 Ac.
Military loan
1864 to’69
944,000
960,000
1,850,000
1,268,000
6
1,986,773
1,985,955
412,000
7
....
Funding Bonds 1870 IBolford)
Levee bonds (or warrants)
Old unfunded debt,
'
1,200,000
1,000,000
1,200,000
600,000
1,350,000
500,000
....
2,698,000
1,318,500
1,741,100
1,031,000
500,000
....
....
539,000
625,000
156,750
3.791,000
....
663,600
954,500
13,991,900
150,000
376,000
1,739,000
350,000
925,000
i
300,000
3,600,000
2,098,000
307,500
300,000
542,000
2,298,000
....
585,000
....
3.904,783
101,475
745,000
346,000
When
3 Ac.
J.
J.
J.
J.
J.
5
6
A
A
A
A
A
Principal—When
Where Payable and by
Whom.
Payable
J. N. Y.,
J.
Importers’ A Tr.
do
do
J.
J.
J.
N.
Due.
Bk.
July 1,1906
July 1, 1906
July 1,1906
do
do
Montgomery.
Jan. 1, 1900
1899
1900
1900
Y., Union Trust Oo.
...
6
6
7
7
7
7
7
J.
J.
J.
A.
A.
A.
A.
A.
7 g.
J.
A
A
A
A
A
A
A
O
O.
O.
A O.
A
A
A
A. A
M. A
J. A
J. A
6 g.
6
J.
J.
6
5
3^
4
6
6 g7
5
J.
J.
J. New
O.
N.
7
7
6 g.
7
6 g.
6
7
7 g.
7
8
7
6
5
6
6
7
J.
J.
J.
O.
N.
J.
J.
Y., Union Trust Co.
do
do
do
do
do
April, 1900
July, 1885 A ’87
do
1893-94
Hartford, Treasury.
do
do
do
do
do
do
Phila., Phila. Nat. Bank.
Wash,
or
do
do
do
do
do
do
N.
Jan. 1,
Oct. 1,
1884
1885
Mayl, 1897
1903
1886, 1891,1901
Jan. 1. 1901
July
Jul*’
July
Aug.
1,
1,
1,
1,
July 26,
do
do
do
do
do
do
do
N.
N.
-
Y., U. S. Treas.
N.Y., Donnall,
1891
1891
1899
1924
1892
Oct. 1, 1901 to ’03
1892 A 1902
Lawson A Co.
Jan. 1, 1901
,
do
.Jan. 1, 1903
Feb. 1,1886
Y., Fourth National Bk.
Y., National Park Bank.
Q.-J.
do
do
do
do
do
May, 1886
Oct., 1890
do
do
do
do
do
July, 1892
April 1, 1886
July 1, 1896
Jan. 1, 1889
April 1, 1889
N. Y.. Winslow, X,. A Co.
do
do
N. Y., Am. Excli. Nat. Bk.
do
do
do
do
„
July.
7
1860
1905
1899
1900
1900
1900
York, Nat. City Bank.
Sacramento, Treasury.
J. A J.
A. A 0.
J. A J
J. A J
A. A O.
Various
J.
J.
do
do
do
do
do
J. A J.
J. A J.
J. A J.
F. A A.
J. A J.
J. A J.
J. A J.
Jan.
J. A J.
F. A A.
J. A J.
365
do
A J.
A J.
1883 to’84
1884 to ’99
1884 to ’99
Alabama.—The State gave 30-year bonds, dated
July 1, 1876, bearing $300,000, redeemable July, 1886 to
2 per cent till 1881, then 3
1891; series “C,”
per cent till 1886, 4 per cent till 1896, and 5 able
redeem¬
July, 1891 to 1901. There is no State tax levied,$165,000,
per cent for last 10 years, for old bonds, without
nor assessment*
any allowance for pastmade
by State officers. (V. 32, p. 500.)
due coupons. Alabama A
Chattanooga endorsed bonds were exchanged
for $1,000,600 of the new
District of Columbia.—The total assessed value of
bonds, Class C, which bear 2 percent till 1881,
taxable real estate
and 4 per cent for
remaining 25 years. For railroad endorsements the and personal property is shown below. The interest and sinking fund
bonds issued bear 5 per cent. In 1880 the new
on the 3-65 bonus are
6 per cent bonds were
provided for by Congress, and the amount is
issued to retire old 8 per cent “State
limited to $15,000,000.
Real and personal estate, Ac., has
obligations.” Analysis of the assessed as follows:
been
debt and funding operations was
given in the Chronicle, V. 24, p. 28.
For the $2,000,000 of State 8
Real Estate.
per cent bonds issued to the Ala. A Chatt.
Personal.
Tax Rate,
RR. under act of Feb. 11,
1870, the State gives thelien on the lauds 1879
$87,491,442
$13,363,920
$15
1880
granted to that railroad, 500,000 to 1,200,000 acres.
87,980,356
Tax rate, 1879-80,
11,421,431
15
7 mills; 1880-81, 6^
mills; 1881-82, 6l2 mills. The assessed valuation 1881
88,953,078
10.895,712
15
of real estate and
1882
was
personalty
90,308,495
$123,757,072 in 1879, $139,077,328
9,666,272
15
in 1880, and $152,920,115 in 1881.
1883
(V. 32, p. 182.)
92,533,665
9,028,812
15
Arkfmsas.—The State Supreme Court decided Levee bonds of
—(V. 32, p. 69; V. 36, p. 29.)
1869 and
1870 invalid. The State is in default for
Flotnda.—Less
the
sinking fund of $177,050, the total debt, is $1,098,interest, except on the secured
sinking fund bonds (Loughborough) issued under the law of December, 450, which does not include $132,000 bonds of 18i7, hold
by Indian
1874. In Jan., 1883, a decision was made
Trust Fund. About $507,200 of the bonds are held
in school funds, Ac
by the U. S. Circuit Court,
substantially holding the railroad companies responsible for the State Coupons of all bonds arc receivable for taxes. Real and personal
prop¬
bonds issued to them. See the references below.
Assessed valuation of erty assessed in 1881, $36,691,823; in 1882, $45,285,977. (V. 32, p.
taxable property in 1881 $41,843,803 real estate and
100.)
$58,445,111 per¬
>
sonal, and tax rate 7*2 mills. The
Georgia.—'The constitutional amendment in 1877 declared void
following are the latest official assess¬
several
ments:
issues of bonds and railroad endorsements. There
Real Estate.
Personal.
Tax Rate.
were issued $100,000
1876
4 per cent bonds in 1880, but all
$61,892,881
except $75,000 taken up and can¬
$31,971,308
10
celed. Assessed value and tax rate
1877....
55,713,115
per $1,000 have been:
32,366,893
7
Years.
Real
Estate.
55,351,488
32,613,686
Personalty. Tax Rate.
7*2
1881
:
41,843,803 *
58,445.111
7^2
—(V. 33, p. 328, 525, 488, 573; V. 36, p. 29, 139,
706, 730.)
California.—The State holds in trust for School and University funds
$486,000 Capitol bonds and also bonds of
1873,. in all $2,690,000.
Assessed valuations and rate of tax
per $1,000 have been :
Years.
Real Estate.
Personal.
$466,273,585
'
$118,304,451
460,694,217
464,082,851
146,319,940
Connecticut.—The debt
of
Connecticut
149,656,007
146,180,978
120,848,453
Tax Rate.
$550
640
6*55
596
all created
originally for
Assessed valuation and tax rate per $1,000 have been :
Real Estate.
Personalty.
Tax Rate.
war
purposes.
Years.
1S78
$235,412,691
228.987,700
was
$99,970,163
$327,182,435
$332,170,856
95,901,323
1*50
1*50
Delaware.
—
l
standing debt.
.
.
$134,635,886
134,244,081
1880.../.
139,657,250"
1881
148,057,233
—(V. 34, p. 88.)
hese refunding bonds issued
July, 1881, take up out¬
Series “A” are $160,000, redeemable 1886; series
“B,
$91,585,8^2
90,849,338
99,276,876
106,195,395
$500
350
3 50
3
Indiana— Indiana made a
compromise with her bondholders in 1846,
giving them State stock for one-half of their bonds and
overdue columns,
and Wabash A Erie Canal stock for the
balance, about $7,500,000. There
are also outstanding
$310,000 5 per cent bonds, due 1901. held
by Pur¬
due
and about $17,000 miscellaneous issues of bonds.
Valuation made in 1X81 of taxable
property; Real
University,
estate,
personalty, $261,775,350.
Kansas.—Kansas has hut
bonds
was
value) have been
1880
1881
$543,427,442;
small State debt, but the issue of
municipal
about $14,500,000.
The valuations (about oue-half of true
a
:
Years.
1-50
The assessed valuation of real
estate is about 70 per cent of the true value.
t-(V. 35. p. 131 ; V. 37, p. 127.)
.
A
Real
Personal
Estate.
Rate of Tax
Property.
per $1,000.
Debt.
$5 50
$1,181,975
5 50
1,181,975
$101,229,734
1882....:
—State funds hold
$43,700,545
52,469,638
170,813",373
'
170,974,017
108,101,123
$716,950
ot the bonds.
5 50
5 00
Total
1.181.975
1.131.975
STATE
VI
Subscribers will confer a great favor
For explanation see notes on
Size
.
Rniuiij In aid of various railroads
or
par
$500
1853
.
1,000
,
1866
1,000
1867
i;ooo
1870
'500
do
special—Act 32 of 1870
1866
100 Ac.
Bonds funding coupons
1870
1,000
40f to Boeuf A
Navigation Co...
1869
do
to Mississippi A Mexican Gulf Canal..
1,000
1857
do
1,000
school, held by 8t. Treasurer
1870
do
to N. Orleans, Mobile A Chatt. RR
1,000
1871
do
to N. Orleans, Mobile & Texas RR
1,000
1869
N. O. Mob. A Texas RR. bonds, end. by State
1,000
1874
100 Ac.
Consolidated funded bonds
1880
Twos, fours and threes (see notes below)
1864
500 &o.
Jf<nn«-^Bounty loan bonds
1 Coup.
1868
100 Ao.
Municipal war debt assumed
\ or reg.
1880
Four per cent bonds, coupon
1,000
1838
Maryland—Baltimore A Ohio Railroad, sterling
1838
Chesapeake A Ohio Canal, sterling
1838-47
Railroads and canals
1839
Eastern Shore Railroad
1837
Baltimore A Susquehanna Railroad
1870
Chesapeake & Ohio Canal
1839
Baltimore & Susquehanna Railroad
1839
Annapolis & Elkridge Railroad
1868
Defense Bounty Loan
1882
Certificates of indebtedness for $3,000,000...
1870 A ’74
Deaf and Dumb Asylum Loan
1872 A ’76 100 Ac.
Maryland Hospital Loan, 10-15 years
1872
Maryland State Loan
1878
Treasury relief loan, 10-15 years
1863
Massachusetts—Coast Defense Roan
1,000
1863
1,000
Bounty Fund Loan
1864
500 Ac.
Bounty Fund Loan
1864
£100 Ac
do
do sterling
£200
1869
War Loan, sterling
1858 to’61 £200 Ac
Troy A Greenfield Railroad loan, sterling
1861 to’63 500 Ac.
do
do
home
1871
200 Ac.
do
do
sterling
1875
£500
do
do
sterling
do
do
dollar bonds 1873 to ’74
1,000
1875
do
do
do
1,000
do
1877
do
do
10,000
1860
5,000
Southern Vermont Railroad Loan
£200
Boston, Hartford A Erie Railroad, sterling... 1868 to’69
1874 A ’76
Harbor Land Improvement (5-20s)
1,000
1874 A ’77
Danvers Lunatic Hospital
1,000
1875-’76
Lunatic Hospital, Worcester
1,000
1875
£500
New State Prisons, sterling
1865
1,000
Michigan—War Bounty Bonds
1873
Minnesota—State Building loan, coupon
1,000
1878
1,000
Temporary seed grain loan
1882
1,000
Adjustment bonds, (10-30, redeemable, 1892.
1865 to’66
1,000
Ifissouri—State bonds, proper
1868
Consolidated bonds
1,000
1872
1,000
University and Lunatic Asylum bonds
1874
State Bank stock refunding.
1,000
1854 to ’58
1,000
Bonds to North Missouri Railroad...’.
1857 to ’59
Bonds to Cairo A Fulton Railroad
1,000
1859 to ’60
Bonds to Platte County Railroad
1,000
1854 to ’59
1,000
Bonds to Iron Mountain Railroad
1853 to ’59
Pacific Railroad of Missouri
1,000
1874
1,000
Funding bonds
1857 to ’75
Hannibal & St. Joseph Railroad
1,000
1874
do
do
renewal
1,000
1.000
1877
Nebraska—Bonds (act Feb. 14,1877) coupon...
1864
1,000
New Hampshire—War loan, coupon bonds
1872
100 &C.
Municipal war loan
1879
Loan of 1879 lor refunding
1,000
1879
500 Ac.
Prison loan
1861
100 Ac.
New Jersey— War loan bonds, tax Tree
1863
100 Ac.,
War loan bonds, tax free
100 Ac.
do
do
taxable
1864
Levee bonds—Act 35 of 1865
do
Act 115 of 1867
Crocodile
.
outstanding.
m
r
.
mf
.....
^
m
m
m
.
„
m
~
-
Rate.
6
6
8
6
8
6
8
7-30
6
8
8
8
7
Amount f
of these
fund-1
yet
fable wasl
$333,300
Apr. ,’82
‘
80,000
260,000
48,000
70,000
2,500,000
875,000
11,881,700
1,725,665
80997817878811
_
INTEREST.
Amount
Value.
iirst page of tables.
Louisiana—Bonds for relief of State Treasury
[Vol. xxxvn.
by giving immediate notice of any error discovered in these Tables.
Date of
Bonds.
DESCRIPTION.
SECURITIES
2, 4, 3
2,330;000
6
6
4
5 g.
5 g.
5
5
3
6
6
6
6
3-65
2,826,900
207,000
1,788,889
2,267,778
309,485
31,069
269,000
528,355
298,435
*
62,605
2,326,750
1,000,000
225,000
465,000
1,196,664
500,000
888,000
6
200,000
4,379,500
4,022,649
1,005,419
5,537,104
1,366,500
3,618,242
1,506,182
300,000
1,300,000
370,000
200,000
3,618,729
300,000
1,500,000
1,100,000
1,299,355
'298'000
25,000
61,000
4,253,000
•
6
6
6
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
6
6
6
6
6
6
6
6
6
6
6
384,000
89,000
1,643,000
261,000
503,000
1,331,000
2,859,000
988,000
1,500,000
1,499,000
449,267
600,000
2,206,100
400,000
110,000
100,000
902,900
593,400
g.
g.
g.
ggg.
g.
g.
gggg.
4*a
2,670,000
Payable
Where pa yable and by
w horn.
J. A J.
$15,000 1
Various
119,000
Various
M. & N.
Amounts nnf.
M. A S.
J. & J.
fundable,
J. & J.
80,000 per report of
M. & S.
Jan.
260,000
1,1878.
Various
48,000
J. & J.
70,000
A. & 0. 2,500,000
Prill oipal—When
due.
July, 1893
1872 to 1906
1886
May 1, 1907
March 1,1875
1886 A ’88
Jan. 1, 1890
1899
1897
-
•
J.
J.
J.
A.
F.
J.
J.
.
J.
J.
D.
O.
A.
J.
J.
Q.-J.
N. Y.t Bank of N. Y.
New Orleans.
Boston, Suffolk Bank.
Augusta and Boston.
Boston, Suffolk Bank.
London, Baring Bros.
do
.
A. A 0.
do
do
do
do
do
do
do
do
do
do
A J.
—J.
A. A O.
J. A J.
J. A J.
J. A J.
J. A J.
I.
•
do
Balt., Farm A Merch. Bk.
Quart’y
.
July 1,1910
April, 1911
875.000
.
&
A
&
&
&
&
&
•
g.
g.
g5 g5 g.
5 g.
7
7
6
163,000
When
•
do
do
do
do
do
do
do
do
do
do
Jan., 1914
1886 A1914
June 1,1889
Oct. 1,1889
$50,000 per year
1889
1889
1890
1890
1890
1885
1890
1890
1883
1897
1885 A ’89
1887 A 1891
1887
1888 to 1893
••
do
do
A J.
Boston. Treasury.
A J.
July 1, 1883
do
do’
A J.
July l' 1883
do
do
AN.
May 1, 1894
AN.
London, Baring Bros.
May 1, 1994
do
do
A J.
-July 1, 1889
do
do
A O.
Apl., 1888 to ’90
A O.
Boston, Treasury.
April, 1891 to ’94
A J.
Loudon, Baring Bros.
July, 1891
do
do
J.
A
Jan. 1, 1895
1894
A J.
Boston, Treasury.
do
Julv i, 1895
do
A J.
do
do
A S.
Sept. 1, 1897
A. A O.
do
do
April 1,1890
Jan. 1,1900
J. A J.
London, Baring Bros.
J. A J.
Sept. 1, 1896
Bostoa, Treasury.
Various
J’yl,’94-Sepl,’97
Boston, Treasury.
do
do
Various
M’yl’95-Sepl,’96
Jan. 1, 1895
J. A J.
London, McCalmonts.
M. A N. N. Y., Am. Exchange Bank.
May, 1890
J. A J.
Bt. Paul, Treasury.
July 1, 1883
do
do
J. A J.
Optional.
1912
J. A J. N. Y. City, Met. Nat. Bank.
1883
J. A J. N. Y., Bank of Commerce.
do
do
1888
J. A J.
do
J. A J.
do
July, 1892
do
do
J. A J.
April 1, 1894
do
do
J. A J.
1883 to’88
do
do
1883 to’89
J. A J.
do
1889 to’90
do
J. A J.
do
do
1883 to’89
J. A J.
do
1886 to’89
do
J. A J.
do
do
J. A J.
July, 1894 A ’95
do
1887 to ’95
do
T. A J.
do
do
1894-o-6
J. A J.
State Treasury.
A. A O.
April 1, 1897
M. A S.
Concord or Boston.
Sept,, 1884 A’89
do
do
J. A J.
Jan., ’92 to 1905
J. A J. Bost.,Nat.Bk.Commonw’ltli July 1, *89-’90-’91
do
do
J. A J.
July, 1883 to '91
Jan., 1884
J. A J.
Jofsew City.
do
J. A J.
Jan., 1886 to '96
do
J. A J.
Jan.,’97 to 1902'
J.
J.
J.
M.
M.
J.
A.
A.
J.
J.
J.
T.
M.
,
'
6
8
6
6
5
5
6
6
6
Louisiana.—-The Constitutional amendment passed December, 1879,
Michigan.—The debt is practically extinguished, as the sinking fund
provided for a new bond in place of consols of 1874. bearing 2 per cent has sufficient assets to meet the debt. Equalized valuation of real and
for 5 years. 3 per cent for 15 years and 4 per cent afterwards, on which personal property, 1882, about $810,000,000, and tax rate for State pur¬
basis the interest charge per year for consols is $235,542. To April, poses 1 4-10 mills on the $1; in 1882, tax rate, l2(Jioo mills.
Minnesota.—All the old State bonds are held by the permanent sohool
1882, the 2 per cents issued were $237,300, 4 per cents, $186,150; and
3 per oents (baby bonds), $l,3u7,105. In June, 1882, a constitutional fund. Minnesota refused to recognize the “State Railroad Bonds” of
amendment passed the Legislature, and was submitted to vote in Novem¬ 1858, to the amount of $2,275,000. A proposed compromise with the
ber, giving new bonds at 2 per cent for five years from Jan., 1880, and holders was provided for in 1881, and was carried out by the issue of
4 per cent thereafter. See V. 35, p. 50. The interest tax alone was 5*2 the 4*2 per cent bonds. Taxable valuations and State tax have been:
mills before the constitutional amendment limiting the whole tax to 6
mills. There is considerable overdue interest of the years 1874 to 1880
inclusive. A suit by the State of New Hampshire against Louisiana as
,
Years.
assignee of her bonds, was decided in favor of Louisiana by The U. S.
Supreme Court.
33, p.
Taxable valuation for 1881 about $176,000,000.
(V.
23, 743; V. 34, p. 115, 147, 460, 574; V. 35, p. 50, 71, 336, 456,
486 ; V. 36, 169,
285, 365 ;*V. 37, p. 127.)
$5,749,900. The sinking
$1,571,185. Tax rate for 1880, 5 mills on valuation of 1870;
1881-82, 4^3 mills; 1883-84, 4 mills on State valuation.
Maine—The debt January 1, 1883, was
fund
Mainland.—The State has largely assisted canals and railroads, and
bolds $3,862,615 of stocks and bonds ranked as productive;
also holds $26,515,045 in unproductive securities, which
the State
includes
$16,760,978 Chesapeake A Ohio Canal interest. The State will ex¬
change the “Defense Loan” at par for new certificates of indebtedness,
interest at 6 per cent until January, 1884, and 3*65 per cent
afterward, redeemable in 15 years. Assessed valuation, Ac.. have been r
Years.
Real & Personal. Tax per $100.
1878
$464,425,790
18 3*c.
466,637,502
183ic.
18%e.
459,187,408
1881
461,459,939
18%c.
18^c.
1882
464,824,879
-(V. 35, p. 373, 756.)
Massachusetts—The funded debt, January 1, 1883, was $32^511,680.
The sinking funds were $16,944,263. The Hoosae tunnel and connections
cost the State heavily.
Assessed valuation, tax rate, &c., have been:
Personal
Real
Tax per
Total
Sinking
Yearn.
Estate.
Property. $1,000.
Funds.
Debt.
to bear
1878
$1,118,557,164 $761,266,574 $12
1879
1,090,749,235 742.533,998 12
1880
1,111,160,072 816,695,358 15
1881
1,149.965,827 883,886,538 14
1882
1,189,524,370 812,858,614 15
The loan to Boston Hartford & Erie
....
....
....
....
.
54 $33,219,464 $13,448,194
78 33,020,464 12,235,248
35 32,799,464 13,050,092
28 32,399,464 14,080,465
28 32,511,680 16,944,263
Railroad was secured by
“Berdell” mortgage bonds, afterwards exchanged for ;N. Y. A N. E. RR.
second mortgage bonds.
....
Real Estate.
Personal.
$183,615,738
189,246,698
203,473,637
208,949,184
242,938,170
$46,175,304
53,525,017
54,581,906
74.329,190
79.219,445
Tax Rate
2*2
152B
16iB
1*85
(V. 33, p. 74, 125,
282,294, 304,329, 404,433,469,502,588,687,744; V. 34, p. 32.86,316.)
Tax for all purposes
in counties averages 17310 mills.
Bonds maturing are met by
The Hannibal & St. Josepn RR. paid the State $3,000,000
for its debt, but the State refused on Jan. 1, 1882, to pay the coupqns on
its own $3,o00,000 of bonds. Litigation between the State and' com¬
pany ensued. The following is a statement of the assessed property in
this State for the years 1881 and 1882:
Missouri.—The tax rate is 40c. per $100
sinking fund.
1881.
Real estate :
Personal property
$442,826)742
163,265,459
32,353,097
170,813,976
$601,722,882
$649,867,242
-
Railroad, bridge and telegraph property
Total
1882.
$406,104,426
35,626,524
—(V. 33, p. 687; V. 35, p. 236, 763; V. 36, p. 312; V. 37, p. 99.1
Nebraska.—'The State school fund holds $326,267. There are also $50,
000 10 per cent “ Grasshopper” bonds due 1885, interest paid January
and July. Assessed valuation (SS^ per cent of true value) and tax rate
per
$1,000 have been:
Real Estate.
Years.
39,263,823
38.378,409
53,850,147.
1
1882...
Personal,
Railroad, Ac.
35,125,713
36,981,389
36,649,471
Tax RatOo
6 37i*
6 37i*
4 00
93,142,45698,537,475
Hampshire.—The debt of New Hampshire was created for war
purposes. The Municipal loan of 1872 was issued to cities and town's
the proceeds to be applied to their war debts. Total valuation in 1882
$215,000,000. (V. 06, p. 285.)
New Jersey.—The debt was created for war purposes.
Of the fl*afc
class of bonds the principal is payable $100,000 per year. Valuation
of real and personal property (taxable) in 1881, $o27,451,222, a#ainst
New
STATE
1883 ]
August,
SECURITIES.
vii
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For
Date of
Bonds.
Size
explanations see notes on first page of tables
New York—
Canal debt,
reg.
f
f
1
Under Art. 7, Sec. 3, of Con-1
stock. |
stitution, and Art. 7, Sec. 12. ]
North Carolina—Funding bonds tax-receivable.
Old bonds not funded
Bonds to North Carolina Railroad
Bonds for N. C. RR. issue (tax receiv’ble ops.)
RR. bonds, not fundable (Chatham and W.&T.)
Penitentiary bonds, act Aug. 24, ISOS
or
par
INTEREST.
Amount
outstanding.
Rate.
Value.
1875
1872
1873
1874
1879
$100cfec.
100
100
100
50
500
efec.
<fcc.
&e.
efcc.
&c.
$473,000
1,562,900
4,302,600
2,000,000
2,600,641
3,806,300
1,075,000
1,720,000
1,180,000
44,000
6
6
6
6
1,000
1868
1881
Registered loan, payable after Dec., 1886
1,600
1,000
1,000
100
100
100
100
50
50
efec.
<fee.
&c.
&c.
(fee.
Ac.
1856
1877
1879
1882
in ten series
do
do
1882
1872
Agricultural College land scfip
*...
1863
Rhode Inland—War bonds
1,000
1863
War bonds
1,000
do
1864
1,000
1853
to’54
South Carolina—State House stock and bonds
1,000
1866
Funding bonds and stock
50, (fee
Blue Riuge Railroad bonds
1854
1,000
1868
Funding bills receivable
1,000
1868
Payment of interest
1,000
1868
Funding bank bills
500,(fee.
Conversion bonds and stock
1869
500,&c
Consol, bonds and stock (Brown)
1874
*500 &c.
1874
Tennessee—Funding bonds, act of 1873
1,000
Bonds regist’d, act of 1873,($292,300 are 5s).
Various.
1,000
Held by E.T. University (not to be funded)...
1,000
—
11,366,000
2,175,000
2,400,000
8,000,000
2,000,000
6,940,000
2,500,000
500,000
....
199,000
631,000
738,000
15S78S
.
27,450
61,000
18,000
128,000
58,200
69,700
4,152,613
CD
(V
397,000
....
Compromise bonds (act of May 20, 1882)
1882
Texas— Funding State debt (act May 2, 1871)..
Frontier def’se,gold,act Aug.5,’70(red’ble ’91)
Revenue deficienc y bonds, act Dec. 2,1871..
1872
1871
1872
1874
1876
1879
Bonds, act Mar..1874 (for paying float’gdebt)
Redemption of debt, act Aug. 6, ’76
Bonds, act April 21, 1879
Bonds to State University and 8chool Fund..
500,(fee.
8,224,351
1,000
1,000
1,000
67,000
499,000
467,000
288,000
1,000
1,647,000
100 (fee.
1,068,900
216,641
320,367
3,030,088
1,302,851
13,474,800
895,147
Bonds issued to School Fund
1851 to’66 500 &c.
Virqxnia—Old bonds. ^3 fundable
Old Donds, sterling, not required to be funded
1851
£100 &c
1871
Consol.) Act Mar. *71) coup, tax receivable—
100,&c.
do
reg., conv. into coup...
(Act 1872) “ Pealer,” cp. not rec’ble
Deferred certificates (W. Va.).
New funding bonds, 10-40s, ($449,300 reg.)..
do
do
1871
1872
1871
1879
.
do
do
sterling
100,&c.
100,(fee.
Various
.
1879
_
.
„
....
2,394,305
15,239,370
8,171,600
346,000
t518,617.518
in 1880,
$508,892,338 in 1879 and $531,851,849 in 1878.
tate school tax,
2 mills.
Nero York.—The financial condition' of the State has been
the payment of all debt except the canal debt, as above.
funds
fortified by
The sinking
January, 1883, amounted to $2,085,499. The new Capitol
building has cost the State thus far $13,000,000, but this bas been paid
for by taxation. Valuations and tax rate for State purposes have been:
in
Real Estate.
Personal.
$2,373,418,490
$364,960,110
2,333,669,813
2,315,400,526
2,340,335,690
2,432.661,378
352,469,320
1879.....
State Tax.
322,468,712
340,921,916
2»10
2«^i0oo
3^
2*4
351,021,189
s
-(V. 32, p. 70.)
North Carolina.—Interest has been
paid on bonds issued to No. Carothe State holds $3,009,200 stock and receives dividends
thoreon. The funding law of Mar. 4,1879, provided for funding old antewar bonds at 40 per cent of the lace value; “ New ” railroad bonds
reeognized as valid at 25per cent; funding bonds of 1866 and 1868 at 15
per cent. Nothing for overdue coupons. Coupons of the new Bonds
are receivable for taxes.
The funding ended January 1, 1882, but
was continued in April, 1883, by anew law.
If all vs ere funded the
new 4 per cents would be $3,589,511.
Special tax bonds arc ignored,
and also bonds to Chatham RR. 1868, $1,030,000, and to Willianiston &
Tarb. RR., $150,000, and for Penitentiary under acts of 1868.
Bca RR.,
as
The old North Carolina RR. construction bonds are exchangeable for
the new 6s, due 1912 (see V. 35. p. 132), and many holders have already
«o exchanged.
Assessed valuation of real estate is about 60 per cent of
true value.
Valuations and tax rate per $100 have becu:
Years.
Real Estate.
Personalty. Total Valuation. Tax pr. $100
1878
$91,079,834
1879
101.799,424
$51,228,2(>8
$142,308,102
38
54,468,917
24
156,268,241
1880
102,318,216
67,568,691
169,916,907
28
104,742.911
62.995,728
167,738.639
28
—{V. 33, p. 528, 560, 612, 744; V. 34, p. 378, 550; V. 35, p.22, 132, 339;
V. 36, p. 81. 170, 399.)
Ohio— Ohio has a very small State debt, but largo local debts, amount¬
ing in 1882 to $45.7* 6,351, against $25,957,588 in 1875, this increase
being mainly in Cincinnati debt. Valuations in Ohio have been as follows:
Real estate.
Personalty. I
Real estate.
Personalty.
1860
$639,894,314 $248,408,290 | 1880.$1,102,049,931 $456,166,034
442.561,379 | 1881. 1,101,457,383 485,750,196
1878. 1,091,116,952 461,460,552 I 1882. 1,116,681,655 518,229,079
1879. 1,093,768,904 442,979,885 |
State tax rate for 1881-82, 29i0 mills; for 1882-83, 29jo mills.
.
Pennsylvania—Sinking fund December, 1882, $2,017,073.
Is raised principally from corporations.
Revenue
Taxes are levied on personal
property. The State holds $5,775,000 of railroad bonds. Any coupon
-bonds may be changed to registered. Total valuation in 1882, $1,664,847,494; tax rate, $3. (V. 33, p. 623; V. 34, p. 20.)
*’
<r
_
Rhode Island—The debt
was
all created for
war
purposes.
In Jan.
1883, the net debt, less sinking fund, was $1,382,315. The State valua
of real property m 1882 was $328,530,559; tax rate, 15 cents on
tion
$100.
Payable
Where Payable and by
Whom.
J. A J. N. Y., Manhattan Co. Bank.
J. & J.
do
do
J. & J.
do
do
A. & 0.
do
do 4
J. & J. N. Y., Nat. Bk. of Republic.
6
Various
do
do
6
Various
do
do
A & O.
6
do
do
6
do
do
6
A. & O.
New York.
A. & O.
6
do
4
J. & J. N. Y., American Exch. B’k.
6
J. & J.
do
do
F. cfe A. Phila., Farm. & Mech. B’k.
5
F. & A.
4
do
do
do
3ic & 4 F. «& A.
do
do
3ic & 4 F. & A.
do
6
Harrisburg Treasury.
A.
6
& O. Providence, R. I. H. cfe T. Co.
6
J. & J.
do
do
F. & A.
6
do
do
6
J. & J. Columbia, State Treasury.
6 g. J. & J. Columbia aud New York.
6 tr. J. & J.
Columbia, Treasury.
6 g. A. cfe O. Columbia and New York.
6 g. A. cfe O.
do
do
6 g. J. cfe J.
do
do
6 g. J. cfe J.
do
do
J. cfe J. N. Y., National Park Bank.
6
6
J. cfe J.
Nashville, Treasurer.
5 & 6
J. cfe J.
do
do
6
J. & J.
do
do
Now York or Nashville.
3, 4,5, 6 J. & J.
6
Various
State Treasury. .
7 g. M. cfe S. New York, Bank of N, Y.
7 g. J. & J.
do
do
7 g. J. cfe J.
do
do
6 g. J. & J. New York & State Treasury.
5
J. C& D.
do
do
5
6
6
J. & J.
N. Y., Winslow, L. & Co.
5
J. & J.
London, Baring B. & Co.
J. & J.
6
Riolimoud, Treasury.
6
J. & J.
do
6
J. cfe J.
do
J. (fe J.
6
J. & J.
3 to 5
3 to 5
J. & J.
82087116.3,4752 11887709-.90.
Special tax bonds
Ohio— Registered loan of 1881
1,000
1882
When
g.
g.
g.
g.
....
•
.
«
Due.
Oct., 1898
July, 1887
July 1,1891
Oot. 1, 1892
1909
1868 to *98
1883 to ’85
1912
1868 to *98
Oct.. 1898
1898 to *99
At will, 1883-’88
Jan., 1887
1, 1902
Aug. 1, 1904
Feb.
Feb. 1, 1912
Aug. 1, ’83 to ’92
1922
•
April 1, 1883
July 1, 1893
Aug. 1, 1894
1871 & ’81
July 1,1887 to’97
July 1,1875 to’79
July 1, 1888
July 1, 1888
July 1, 1889
July 1, 1882
July 1, 1893
July 1, 1914
1875 to 1900
Various.
Jan. 1, 1912
1891
1911
1892
March 1,1904
July, 1906
1909
>
1886 to '95
1886
1905
1905
Contingent
4
1919
1919
Dee. 24, 1879, and February, 1880. In November, 1882, the consols
stood at $5,429,928, which amount was made up as follows: Brown
consols actually issued, $4,152,613; green consols not yet
exchanged,
$1,982,391 less amount invalid, $705,077 ; balance, $1.277,314; total,
$5,429,928. The old issues yet fundable stood as above. Valuations
and rate of tax per $1,000 have been :
Years.
Real Estate.
Railroads. Tax Rate.
Personalty.
$85,633,873
$10,083,341
$6,520,772
2^
76,583,866
36,574,858
7,392,900
4*.
77,609,666
41,785,768
13,767,400
—(V.33, p. 12, 589.)
5
Tennessee.—A funding law was passed (act of May 20, 1882) without
the 'tax-receivable coupon clause, and giving new bonds at 60 per cent
of the principal and interest of old, the new bearing 3 per
cent in
1882-83, 4 per cent in 1884 and 1885,5 percent in 1886 and 1887,
and 6 per cent 1888 to 1912.
Exchanges wero made in New York July,
1883. and $8,224,351 of these compromise bonds wero issued. Tbo
Legislature of 1883 repealed this law and passed
a new one ai^usting
the basis of new bonds at 50 per cent of the face value ol
old, and bearing 3 per cent interest; the old State debt proper of
$2,118,000 is made an exception and new 6 percent bonds are to be
issued for that at the face value. Assessed valuations and tax rate
per $1,000 have been as follows:
Years.
Real Estate.
1 Personalty.
Railroads.
Tax Rate.
the debt
on
$212,589,045
202,340,815
196,165,644
$24,319,803
$
$1
20,871,338
1
16,952,036
1
195,635,100
16,133,338
16,375.894
1
—(V. 34, p. 178, 205, 231 252, 423, 461, 522. 596; V. 35, p. 183, 457.
763; V. 36. p. 18, 170, 254, 286, 332, 724 ; V. 37, p. 49.)
Texas.—'The old liigh-rate bonds have been redeemed and low-tnterest
bonds issued. Assessed valuations and rate of tax per $1,000 have been:
Years.
Real Estate.
Personalty.
$187,722,374
$115,480,050
186,297,495
197.167.630
Total Val’tion.
$303,202,424
114,227,912
300,525,407
121,803,106
140,000,000
318,970,736
216,228,017
1882
—(V. 34, p. 329.)
Tax Rate.
$5
5
357,000 000
400,000,000
3
Virginia.—'The accumulated arrearages of interest on the debt proper,
October 1, 1881, were $3,565,331. The law of March 28. 1879. for
refunding the debt,, was given in Chronicle, Vol. 28, p. 353. The new
bonds are 10-40 jrear bonds, and bear 3 per cent for 10 years, 4 per oent
for 20 years, and 5 per cent for 10 years, coupons tax-receivable.
In February, 1882, the Riddleberger law for readjusting the debt an*l
the laws known as “Coupon killers” Nos. 1 and 2, were passed, (see V.
34, p. 88). The Supreme Court of the.U. S. held (V. 36, p. 285) that the
law requiring the validity of the coupons to be established before a
State court did not impair the contract making them receivable for
taxes, and was therefore constitutional, but the case is to be reopened
in same court on appeal.
Assessed values in 1880
were; real estate, $234,272,951;
personal,
$70,391,018. The receipts of the State Treasury in 1880-81 were
$2,632,345, and current expenses, $2,152,028, leaving $480,317 bal¬
Tax rate. 5 mills. The U. S. Supreme Court In
January} 1881,
lield the coupons of consol, bonds not taxable by the State.
(V. 33. p562 ; V. 34, p. 88, 179, 379, 489, 541, 715 ; V. 35, p. 52, 79. 104, 267,
ance.
South Carolina.—The funding law of Dec. 23,1873, provided for scal¬
ing down the old debt 50 per cent. The consols were again “re-adjusted”
In 1879. The several acts wero passed Doo. 3, 1873, Deo. 24, 1878,
Principal—When
603; V. 36, p. 18, 235, 286, 304, 332, 445, 471, 5G1.)
CITY
TUI
Snbacrtbera wtll confer
a
Date of
Size
bonds.
par
value.
outstanding.
$1,000
1,000
1,000
1,000
1,000
1,000
$150,000
For explanations see notes on first page of tables.
1866
Albany, N. F.—Purchase Congress Hall Block..
1870-’71
1870-’82
City improvement
Washington Park
•
New Post Office site
7s)
1877
1882
1882
1865
’6G-’67-,72
18G9-’70
1872 A ’77
1874
New City Hall
South Pearl Street bonds
Bonds loaned to Albany &
1874
1875
1874-’80
High School
*..
Susquehanna RR..
Atlanta, Oa.—Bonds for streets, Ac
Bonds. A. L. Railroad for and State House
Bonds for West. RR. and floating debt
Bonds, 1st and ‘2d series, waterworks
1877
Redemption bonds
Augusta, 0a.—Bonds for various purposes
Baltimore—Consolidated loan of 1890
Water loan, reg. stock, red. at will after 1910
Funding loan, reg. stock, tax free..
Consolidated bounty loan
Exempt bounty loan
Public parks (Druid Hill)
Park improvement loan
-•
115,000
3o,000
1,100,000
117,000
145.000
62,000
1,600
860,000
295,000
400,000
418,000
500 Ac.
1,000
500 Ac.
430,000
77,000
1,000
500 Ac.
52,000
1,000
68,500
1,000
250 Ac.
100 Ac.
100 Ac.
100 Ac.
2,091,000
7,306,546
100 Ac.
100 Ac.
2,211,098
410,353
555,596
185,723
5,000,000
1,000,000
1,000,000
1,000,000
8091781
1877
187 8
1863
1865
1860
1863
1853
1853
1868
1870
Five million loan to Baltimore A Ohio RR....
One million loan to Pittsb. A Coiiuellsville RR
New City Hall
do
do
do
do
Consolidated loan
Paving loan
Funding loan
Western Maryland Railroad
Jones’ FallH ($898,500 are 5s)
Valley Railroad
Water loan ($203,000 only are Os)
Harford Run improvement loan
Western Maryland RR. loan ($084,000)
Endorsements for Western Maryland RR
do
1874
1864
1881
1870
1872
1872
1873
1874
1880
.
1882
5,000,000
1,000.000
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
500.000
1,029,061
145,000
800,000
1,000,000
1,668,500
1,015,300
4,000,000
250,000
371,000
1,375,000
100 Ac.
100 Ac.
100 Ac.
100
100 Ao.
Union Railroad
117,000
Bangor, Me—City debt proper ($50,000 are 7s) 1858 to ’72
1874
Municipal loan
1875
Water loan bonds, coup. (Act Feb. 22, 1875).
1869
European & North American Railroad
1869
Bangor 6c Piscataquis Railroad
Bath,Me.—Fund, debt ($78,000are 6s,’97, J. AJ.)
Knox & Lincoln RR., for stock
and coupons..
100 Ac.
100,000
100,000
500,000
1,000
500 Ac.
1,000
1,000,000
1,000
925.000
Various.
Various.
Various.
Various.
Various.
180,500
193,000
425,000
306,150
1861
1869
Knox A Lincoln Railroad ($23,750 each year)
1871-’72
do
do
(F.AA.and M.AS)
Railroad refunded
1852 to ’64
Boston'—City purposes, war debt. &c
1864 to ’80
1,000
City debt and Roxbury and Charlestown
1878-’82
do
registered
1879
:
do
do
1877
do
do
Various.
City debt and Roxbury and Charlestown
West Roxbury
3.873
£100 Ac
Burnt district, sterling loan
1869 ~ £100 Ac
Consolidated street improvem’t, sterling loan.
1862 to ’76
1,0J0
Mystic water debt, assumed
1866 to ’76
Oocliituate Water loan, 6 i>er cent...
5 per cent
do
do
187& A’78
4 per cent
1878
do
do
1872
do
£100 A<
do
Burling
do
5 per cent gold
1875-7G
do
do
4^
1879
do
do
do
do
4
do
1879-’80
Androscoggin Railroad.
..
391.600
126.600
1,734,000
1®,591,000
6,294,00 »
450,000
42)0,000
2o8,OOo
237,000
4997,604
l',66o
....
....
....
3,139,980
1,5 2 7,000
4,901,000
....
BrooXiyn—Brooklyn local improvement loan...
Mount Prospert’Square loan
Soldiers’ aid fund loan
Gowanns canal improvement loan, lo«*al
Busliwick avenue
do
do
do
BouthSeventh st.
do
do
do
Union street improvement loan, local
Fourth avenue
do
do
do
1865
1866
1865
1866
1867
...
552.0(8)
1 lc ,000
13 1.000
157,000
185.197.157
1 -vperty.
65.613,000
62,033,032
60,(00.000
8,090,000
8,019,000
[
187,240,000
Asa’d valuat’n is near the full cash value.
per
$1,000.
13 70
13 70
13 TO
(V. 35, p. 76-: V. 37, p. 1-7.)
Bangor, Me.—The loans to Eu. A No. Am. R. It. to BangorA Pis. It. K.
ere secured by first mortgages on those roads, and interest fully paid
lnuu the earnings. Valuations (near full value) and tax rate have been:
\
ears.
Real Estate.
Personalty.
6.352,973
2,803,258
6,414,703
2,893.130
Municipal property, including water works, about $800,000
tion, 16.851 la.*.8.82® in 1870
1881
1«82
Tax rate.
2 34
Popula¬
Feb.
do
1. 1883-4-5
July 1,1905 to’10
6c
do
do
do
do
do
do
do
do
do
do
do
Jan, 1, 1904
Jan. 1, 1897
Sept. 1, 1885
July 1. 1911
M. 6c N.
do
1882 to 1905
Augusta.
Bnlto., Farm. A Plan. Bank.
Balto., Nat. Merchants’ Bk.
do
do
do
M.& N.
M. A S.
M. & S.
do
do
do
July 1,1890
July 1, 1916
After July, 1916
Sept. 1, 1893
Sept. 1, 1893
Sept. 1, 1890
Jan. 1, 1895
Jan. 1, 1890
Jau. 1, 1886
July 1, 1884
April 15, 1900
Q.-M. Balto., Nat. Mechanics’ Bk.
do
do
Q.-J.
Q.-J. Balto., Farm. A Plan. Bank.
J. A J. Balto., N. Mechanics’ Bank.
Q.—J. Balto., Farm. A Plan. Bank,
do
do
Q.-J.
do
March 7, 1902
do
Q.-J.
do
do
After 1885
Q.-J.
M. A N
After Nov.l, 1920
City Register’s Office.
July 1, 1900
Q.—J. Ralto., Farm. A Plan. Bank.
J. A J. Balto., N. Mechanics’ Bank,
Jau. 1, 1902
do
do
April 9, 1900
Q.-F.
do
A. A O
do
Oot. 31, 1886
J. A J Balto., Nat. Merchants’ Bk.
July 1, 1894
J. A J. Balto.. City Reg’ter’s Office. After Jan. 1,1020
6
6
6
5
4
6
6
5&6
6
5 &6
4
1925
4
6
6
J. A J.
J. A J
6 & 7
Various
J. A J.
6
J. A J.
6
6
J. A J.
6 & 7
A. A O.
M. A 8
5 & 6
6
Various
A. A O.
6
6
J. A J.
6
Various
4
J. A J.
5 g- Various
Various
6
Various
4
4hjg, A. A O.
Various
4^3
5
Various
7
Various
A. A O.
5 g. J. A J.
5 A 6
Various
6
Various
&
V arioua
A. A O.
4
Balto., N.Mechanics’ Bank. Jan. 1 ’90 A 1900
Jan. 1,1895
Baltimore, Franklin Bank.
1885 to ’92
Boston, Merchants’ N. B’k.
do
do
do
do
do
do
Anrill, 1*899
City Treasury.
1887 A 1897
do
do
Jan.
do
do
1891 A 1902
July 1, 1902
Boston, Treasurer’s Office,
do
1883 to ’87
1883 to ’97
do
do
1887-1913
Oct.. 1889
do
ao
do
do
do
do
1887
Various.
do
do
do
,
1883
**
6
7
7
A.
A.
M.
J.
T.
J.
J.
7
J.
1891
April, 1893
July, 1899
Boston, Treasurer's Office,
1883 to ’94
1897 to 1908
1907-1908
do
do
do
do
do
do
do
1903
Oct., 1902
London, Baring Brothers.
40,
A O.
A N.
A J
A
do
do
1905-1908
19 9
do
do
1909-1912
1891
Brooklyn,
P
do
do
do
do
do
A
A
A
A
A J.
1887
1885 to’90
1883 to 90
1883 to’90
aS
ao
a
•
c* G
•M
3^83 to’90
lb83 to ’86
r
do
do
do
J.
J. A J
J. A J.
J. A J
J. A J
J. A J
7
3, 6 A 7
to
London, Baring Brothers,
Boston, Treasurer's Office
g.
1,1894
July 1, 1905
Jan. 1, 1894
Boston, Second Nat. Bank.
*83, ’85 A ’98
City Treasury and Boston, Jan. to Oct., 1891
do
do
July 1,1883 to ’90
A. A O.
41ag<
9,859,500
do
J. A J.
J. & J
J. & J.
M. A S
J. & J.
Various
Q.-J.
5
6
6
6
6
6
6
6
7
do
do
May 1,1904
May 1,1883 to’85
Feb. 1,1893-1912
1895-’97
1886 A 1892
J. A J., 1890
J. A J., 1902
J.
7
8
10
5
7
6
5
6
Rate of Tax
J.
1910-’21
Albany.
Y., Merchants’ Nat. Bk.
Albany.
7.
8
1,217,000
N.
M. A N N. Y., Del. A Hud. Canal Co.
J. & J. AtlantaAN.Y.,Am.Ex.N.Bk
3,000,000
1.000
252.900,000
247,230,189
246, 3 1.056
do
1,000
1,000
1,000
1,000
1,000
charge for inter* st. There arc held $15,238,400 of unproductive assets.
The total amount to be raisei by taxation in 18*>3 is $2,696,957.
Population in 1870, 267,354;
1880, 332,313. Assessed valuation and
tax rate have been:
187.387,000
J. &
7
pays interest On $5,000,000: Water loan is paid by Income of water
works, and Public Park by City Passenger Rail way, and against a total
Years.
do
do
268,000
15.389: in 1880. 21,891.
Baltimore— The total net debt over and above productive assets, on
wliieh the city is chargeable with interest, was $5,*72.714 on Dec. 31,
1882, against $6.294,19 L Deo. 31, 1881. The Baltimore A Ohio Railroad
Total
V aluation.
do
F. A A
F. A A
273,000
Albany.—The loan to Alb. A Susquehanna is secured by nrst mortgage.
Albany County in 1882 wn«, approximately: Rea)
estate, $81,604,218; personal, $7.847,366—estimated to be about threefourths of true value. City tax rate 1882, D86. Population, 90,75.3 in
1880; 69,422 in 1870.
A ttanta.—The total bonded debt Jail. 1.1882, was $2,196,500.
Assess¬
ed value real of estate in 1881, $14,721,835; personal, $7,474,258.
Population, 37,409 m 1880; 21.789 in 1870.
Augusta.—Of this debt, $600,000 was issued for railroads, and balance
for canal enlargement, water works, Ac. Sinking funds, Jan. 1, 1883,
$211,700. Taxable valuation in 1883: Real estate, $9,062,940; per¬
sonal, $6,182,561; tax rate, $1 87*3 per $100. Population in 1870.
"VsTBOnal
M. A N.
1.0(H)
194,000
The valuation of
Real
Estate.
7
6 & 7
6
7
7
7
6 & 7
•
New York and
M. A N
4
6
8
Principal—When
Due.
Boston, Merchants’ Bank. Feb., 1885 to ’94
New York.
March, ’80 to 1900
7
5
213,000
90,000
1,000
1876-’79
F. A A.
3,552,000
2-8,000
686000
Where payable
and by
pay
wh om.
Payable
6
5g.
1,000
I860 to ’73
1860 to ’72
1857 to ’72
1872 to’75
Rate.
1,947,2/4
1,000
1867
1870
13,000
588,000
1,000
1,000
1,000
1,000
1.000
1862 A ’67
do
do
New York Bridge loan, registered and coupon
Bonds for N. Y. A Brooklyn Bridge, cp. or reg.
Prospect Park loan, registered and coupon
Prosj»ect Park loan
Wall about Bay
Permanent water loan
do
do
1861
1857
When
M. & 8
448,000
1,044,000 4, 5, 6, 7 M. A N.
1,000
1881
Various.
Various.
INTEREST.
Amount
or
1,00J
1875
do
do
do
[VoL. XXXVII.
great favor by giving immediate notice of any error discovered in tbese Tables.
DESCRIPTION.
Water debt ($400,000 due 1900-3, are
Western Avenue improvement bonds
SECURITIES.
1883 to’95
p*
do
GO
p r
do
do
do
do
do
A J
A
-
1^3
1883 to’90
1899-1924
1905 to 1920
1915 to ’24
1915 to ’24
o
o
1883 to 1912
Bath, Me.—The city noids a lust mortgage on the Auuroscuggiu road
for the debt, and second and third mortgages on the Knox A Lincoln for
its proportion of $895,000 out of a total of $2,395,000 bonds issued by
several cities in aid .of the latter road. Tax valuation, 188) —real estate,
$2,703,425; personal, $3,8.07,910; total $6,51i,333. Tax rate, $25
per $1,000; 1882. $6,847,945; rate. $25 0 .
Boston.—The population of Boston in 1880 was 362 8 19; in 1870,
250,526. against 3 77,840 in 1860. The total funded debt April 30,
1889, was $41,184,358.and net debt, $24,858,817. The tax levy in 1883
is divided as follows: State, $57•‘,035; county, $291,200; city, $8,778,556. The rate on $1,000 on valuation of 1883 is as follows; state,
72c.; county, 2-c.; city. $13 50; total, $13 50, against $1* lo oa
valuation of 1.882. Assessed valuation on May 1 for four years have been:
Years.
1880
1881
1882
1883
Personal Estate. Tax Rate.
Real Estate.
$137,230,600
'
455.888,600
467.705,100
$201,858,600
210,165.997
204.785.000
203,966,700
478,402,800
Net Debt.
$15 20
$27,842,104
13 90
26.005.620
24.261.661
15 10
14 50
24.858,S17
—(V. 3*2, p. 99; V. 33, p. 93.)
Brooklyn.—The whole city debt was as follows Jan. 1, 1882 and 1883.
Jau. 1, 1882.
Permanent debt
Water loan
.
Temp’y debt, payable from assessment.
Tax certificates
Jan 1. 1883
$20,857,* 00
9,830.500
$21. 36.00&
9.*59..-»0fr
7,239,551
6.919,551
4,27o, <(*0
4,15 ,0j0
Totals
$42,197,051
$42.1 5,051
Collections on airearages of taxes
18*2 were $. ,015,l**. and the
amountof arrears$l,435,*-93. showiLgagain of $1,179.2.»4 for t.li,**yearv
Population in 1870, 396,099, agaiin; 566,663 in 1880. Valuation ol
property and tax rate per $1,000 tor tour years have Ikhih:
Years.
.
Real.
Personal.
Rate.
$220,363,499
223.620,197
$12,502,500
$25 50
11,215,794
26 90
240,12*,905
15,137.040
23 77
JS82
2 4.404,017
14,383.541
23 16
1 Te debt of Kings County, separate from the debt of Brooklyn,
about $4,000,000, of whicli the city is responsible lor nineteeatwentietlia. (V. 33, p. 713; Y. 35, p. 372; V. 37, p. 74.,
...» 4^%
:
CITY
August, 1883.
Subscribers will confer
DESCRIPTION.
Date of
Bonds.
of tables
Brooklyn—( Con tinned)—
Sewerage fund bonds, continuous, local...
Assessment fund bonds, continuous, local
.
...
Value.
Temporary tax certificates
outstanding.
1878-9-80 $1,000
1 877-8-9
1,000
2,900,000
842,000
1,000
1879-80-81
:
do
4,150,000
3,695,500
3,029,382
....
1869-71
Charleston, S. C.—City stock
543.973
100.000
150,000
1,266,000
689,000
1,000
....
....
City bonds, coupon
1853 to ’54
Fire loan bonds, coupon
1866
Conversion bonds, to redeem past-due debt...
do
coup, or reg
1879
100 Ac.
Chelsea, Mass.—Funded debt, coup
1,000
Funded debt, coup
1,000
do
notes
Water loan, coup
1,000
Chicago—W ater loan
500,Ac.
Water loan
1,000
Water loan (refunding)
1882
100. Ac.
Sewerage bonds
500 Ac.
do
1880
River improvement bonds
1,000
....
....
....
.
.
.
.
•
•
•
•
....
....
....
....
....
\
....
Municipal bonds (refunding loan)
Cook County debt
..M
Bonds to O.A M. HR. to purchase whf. prop.N
Bonds for erection of a Workhouse
Bonds for Water Works
C3
Bonds for Common School purposes
..P
Bonds to O. A M. RR. to purchase whf. prop ..N
Bonds for ext. and impr. Water W..C, D. AE
Bonds for funding floating debt
A2
Bonds for new Hospital
SAS2
Bonds for funding floating debt
..L
Extension and improve. Water Works.. .K AF
Bonds to purchase Orp’n Asyl. grds. for park.O
Bonds for sewerage
..R
Bonds for improving Gilbert avenue
II
Bonds to build Eggleston avenue sewer... .B3
Bonds for improvement
.W
Bonds for Water Work purposes
C4AC5
General improvement
W2
Cincinnati Southern RR
do
do
do
do
($3,200,000 are gold 6s)
do
do
.
<
Floating debt bonds, coupon
Park improvement
1)1
U2
sewer
Hospital bonds
Street improvement bonds, short...
Consol. 8. f. bonds, 30-50 yrs. (Act Apl.
do
do
do
Work House and Infirmary
1,000
....
Municipal and School bonds
WTater-works bonds
Bonds for McLean Ave.
500 Ac.
-
1881
1865 to ’80
1843 to’54
1855
1868
1868
1860 to’61
1855
1847 to’50
1847 to ’48
1867-’08
1853
1853
1858
1869
1869
1869
1871
1871-’72
1871
1872
1872
1876
1878 & ’79
1874
1875
1875
9, 80.
1880
.
1881
Street imnrovem’ts
do
Street damages. Ac., do
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500 Ac.
1,000
500 Ac.
1,000
1,000
1,000
1,000
•
•
real
Principal—When
Payable and by
Due.
Whom.
Years.
5
5 g.
514,000
6
6
6
100,000
526.500
55,000
6 '
6
6
635,000
6
162,000
6
92,450
6
160,500
138,200
6
7
7
4
843,500
4,941,500
701,000
210,000
250,000
150,000
98,000
194,000
397,000
146,500
750,000
60,000
175,000
131,000
150,000
150,000
100.000
5%
6
4fi>
6
6
7
365
7
4*2
7
6
7
4
4to 7
6
6
7 3-10
7 3-10
6
6
6
6
7 3-10
6
6
6
7 3-10
7 3-10
7 3-10
7 3-10
7
7
7
7 3-10
-
•
50,000
300,000
175,000
50,000
433,462
1,337,000
23.5,000
60.000
500,000
800,000
100.000
....
1,815,000
....
315,000
275,000
....
315,000
184,000
....
282,200
....
108,100
352,200
50,000
2,138,000
86,000
i
Various
Brooklyn.
Buffalo and New York.
do
do
do
do
1883-4
1883 to 1925
1883 to 1925
1
July, 1883-1900
A. A O. Rnatnn Rant "Rerlnnmfinn
April 1 1889
'Rnatnn Trpnirtnt. Rtuilr
J. A J.
Jan 1 1893
J. A J. Boston, Bank Redemption. Jan.
1,1883 to ’96
J. A J
do
do
Jan. 1, 1903-4-5
A. A O.
do
do
Apr. AOct. 1,’84-95
J. A J.
do
do
July 2, 1886
J. A J
do
do
July 1,1886 to ’98
F. A A.
do
do
Aug. 1, 1883
A. A O.
do
do
Apl. 1, 1887-1895
M. A N.
do
do
May, 1889-1891
Q.—J.
"Charleston.
1868 to ’98
Various
do
1883 A ’98
J. A J.
do
1890
A. A O.
do
1888 to 1897
*
J. A J.
do
Jan. 1. 1909
A. A O. Boston, N. Bk. Redemption
,1883
Various
do
do
1891 to 1895
Various
1889-1890
F. A A Boston, N. Bk.
Redemption Aug. 1.1887-’95
J. A J. N. Y., Am. Ex. Nat. Bank.
1897 A ’98
J. A J.
do
do
July 1, ’88 to ’95
J. A J.
do
do
1902
J. A J.
do
do
1884 to ’95
J. A J.
do
do
July 1, 1900
J. A J.
do
do ' ’
1890 to ’95
J. A J.
do
do
July, 1895 A ’96
J. A J.
do
do
1885 to ’99
do
do
'1901
M. A N. N. Y., Metropolitan Bank.
May 1,1885-’92
Various N. Y.. Am. Exohange Bank.
1884
M. A N.
do
do
Nov., 1885
J. A D.
do
do
June, 1888
Various
do
do
1888 A 1889
J. A J.
do
do
Jan., 1890
M. A N.
do
do
Nov., 1890
A. A O.
do
do
April 1, 1895
M. A N.
do
do
March, 1897
Various
do
do
1897 A 1898
J. A J.
do
do
Jan., 1900
Various
do
do
June A Oet., 1900
M. A S.
Cincinnati.
March, 1908
M. A 8. N. Y., Am. Exch. Nat, Bk.
Sept., 1899
M. A 8.
do
do
Sept., 1899
A. A 0.
do
do
Oct., 1899
M. A S.
do
do
March 1,1886
F. A A.
do
do
Aug., 1886-’97
J. A D.
do
do
Dec. 1, 1891
J. A J.
do
do
July 1, 1902
J. A J.
do
do
July 1, 1902
M. A N.
New York or London.
May 1, 1906
M. A N. N. Y., Am Exch. Nat. B’k. Nov.
1, 1908-’09
M. A N.
do
do
May 15, 1904
J. A J.
do
do
Jan. 1, 1896
F. A A.
do
do
Aug.,’85. ’90 A’95
M. A N.
do
do
May 1889-1909
M. A N.
do
do
May 1, 1906
-
133,000
450,000
600,000
578,000
8,335,000
4,943,000 6g. or 7*3
6 A 7
1,820,000
1,000,000
J.
J. Brooklyn.)
Coupons
( 3 years from date.
do
1
paid at
1 3 years from date.
J.
do
(Nassau Bank,)
1883
J.
3*2 to 7 Various
3*2 to 5 J. A J.
186,000
2,536,500
and personal property was assessed at
valuation changed and assessment was
>lll,99o,905. 8inoc that date valuations and tax per $1,000 have been:
•39,^08,105; in 1870 rule of
A
2,133,000
490,000
2,608,000
•
1,000
7
6 A 7
3^ to 7
3 3,000
....
•
A
132,000
3,490,000
1876-77-78
Viaduct (mostly F. A A., A. & O. and J. A D.) 1873 to ’78
Funded debt bonds
1882
1875
500 Ac.
500 Ac.
A
200,000
100
100 Ac.
...
Buffalo—In
1,000
1,000
1,000
1,000
are 6 p. ct.). 1872 to ’76
Water works
1882
Funded debt ($203,000 6s, $32,000 5s)
1869 to ’81
Lake View Park
1872 to’80
Canal and canal lock ($11,000 are 6s)
1874 to ’79
School ($100,000 are 6 p. ct.)
1868 to’82
House of Correction
1868
Main sewers, special assessment
Various.
Infirmary and River dredging
1,000
1,000
1,000
1,000
1,000
....
1881
1882
Cleveland— Water works ($200,000
Where
Payable
J.
3,372,900
85,000
992,000
96,000
....
500 Ac.
1876
1876-’77
Deficiency loan (redeemable after 1891)
When
4, 5, 6, 7 J.
4,5,7
500,000
....
....
Cincinnati- Loans to Railroads
Rate.
$1,725,000
1862 to’81 1,000Ac
1868 to’81 1,000Ac
1877-81
1,000Ac
1864
1,000
1863
1,000
1856 to ’76 500 Ac.
1873-’74
500 Ac.
1874-5
500 Ac.
1866
1,000
1866 to’77 500 Ac.
1865
1,000
1867 to’75
1,000
do
Municipal bonds
INTERE8T.
Amount
or
par
1873
Buffalo, A. r.—Funded debt bonds
710881
Size
.
Boulevard bonds
Water works bonds
Tax loan bonds
flnmhridae. Mass.—Citv bonds
Citv bonds
I
do
do
do
Water loan
do
do
IX
great favor by giving Immediate notice of any error discovered In these
Tables.
a
For explanations see notes on first page
SECUJRITIES.
7
7
7
5 A 6
7
1883 A ’84
5
M. A N. N. Y., Am. Exch. Nat. Bk. After
May 1, 1910
4
J. A J.
do
do
July, 1911 to 1931
4
J. A J.
Cincinnati.
July 1, 1892
4
J. A D. N. Y., Am. Exch. Nat. Bk.
June l, 1901
6 A 7
Various
do
do
1892-’93-’95
3’65 M. A 8.
do
do
Sept. 1, 1902
Various
do
do
1883 to’96
7
Various
do
do
1887 to’92
6 A 7
Various
do
do
1894 to ’96-’98
6 A 7
Various
do
do
1886-7 A 8
7
A. A 0.
do
do
1883 A ’84
5, 6 A 7 Various
do
do
1883 to’92
5, 6 A 7 Various
do
do
1883-4-5-6
5, 6 A 7 Various
do
do
1883 to ’89
6
Various
do
do
1883 to’87
do
5, 6 A 7 Various
do
1893 A 1907
4
M. A 8.
do
do
Sept. 1, 1887
'
The assessed
value of real estate is about one-third of its true value
Population in 1870 was 298,977, and in 1880, 503,185. The South Park
West Chicago Park and Lincoln Park loans are not debts of the
city
but of distinct corporations. (V. 34, p. 574.)
Real estate.
Personalty. Tax Rate.
$91,130,870
$8,844,705
$12 43
80,929,105
7,947,380
17 00
Cincinnati.—In addition to the issues above named there remains
'
1882
98,097,000
'
10 13 several smaller amounts, as follows:
$108,000 5s, November, 1884;
Buffalo also pays 7-10 of Erie county debt. Coupon bonds are
exchange $56,000 (YY2, A O.) 6s, 1886-88; $17,000 6s (Q.), November, 1890;
able for registered. The interest on different bonds is
3*2. 4, 4^, 5, 0 $27,000 6s (A.), March, 1897; $76,000 (H2.),
August, 1897. City holds
and 7 per cent. Population, 155,134 in 1880;
117,714 in 1870.
$1,274,000 of Cincinnati Southern bonds m sinking funds. In 1870 the
Cambridge, Mass.—The sinking funds, January 1, 1883, amounted to population was 216,239, against 255,139 in 1880. The following table
$1,974,0,50. The investments are nearly all in city bonds at par and from the books of the Auditor of Hamilton County, Ohio, exhibits the
stamped “not negotiable. Tax valuation, 1879. $49,238,098; in 1881, assessed valuation of the city of Cincinnati in the year 1860, and from
real estate $39,124,300, personal
$12,552,190; tax rate, $10 per$l,000. 1870 to 1879:
Valuation, 1882, $50,008,280. Tax rate, $1*00 per $100. Total debt,
Real
Personal
Total
Tax per
Years.
April, 1883, $4,503,900. Population, 52.009 in 1880; 39,034 in 1870.
Estate.
Estate
Valuation.
$1,000.
Charleston, S. G.—The bonds of Charleston are mostly held within the 1860
$61,620,904
$31,411,912
$93,032,716
$17 45
State of South Carolina. Conversion bonds of 1879 are issued in 1870
78,736,482
31 60
57,370,754
136,107,236
exchange for city stock. Valuations and tax rate per $1,000 have been : 1871
123,427,888
22 20
56,934,044
180,361,932
Years.
Real Estate.
Personal Prop.
Tax Rate. 1872
119,621,856
20 10
55,462,410
175,084,296
$17,137,255
$0,272,458
1873
$20 00
121,479,280
23 06
64,166,460
185,645,740
15,017,595
6,555,804
25 00 1874
123,231,790
23 38
58,708,284
181,950,074
15,182,845
22 50 1875
7,244,212
125,976,835
24 82
58,521,730
184,498,565
—Population, 49,984 in 1880; 48,956 in 1870.
1876
127,143,900
56,809,066
27 04
183,952,966
Chelsea, Mass—Sinking fund, January 1, 1883, $214,080, and debt, 1877
128,820.270
50,609,872
29 10
179,430,142
$1,661,800. Tax valuation, 1881, $15,761,537; tax rate, $19 00. Valu¬ 1878
129,043,880
43,830,188
172.874,068
28 54
ation in 1882. $10,893,729; tax rate, $18 80.
Population, 21,782 in 1879
128,473,130
40,832,505
28 98
169,305,635
1880; 18,547 in 1870.
1880
129,956,980
31 00
37,578,376
167.535,356
Chicago—The net funded debt January 1, 1883, was $12,485,794 1881
120,045,230
22 20
41,359,163
161.404,393
The city debt is limited to 5 per cent of the Illinois State valuation.
1882
....138,342,188
23 82
28,643,917
166,986,105
Of the funded debt, $3,955,000 is on account of the Water
Works, which
yield an income much above the interest charge on the debt
The city is the sole owner of the stook of the Cincinnati Southern Rail*
road.leased as per terms, V. 33, p. 281, and with the waterworks and
Equalized Value.
Tax
Years.
Real Estate.
•Personal.
Rate. other property owns real estate assets put at $35,775,000.
1878
$104,420,053
$27,561,383
$28*63
1879
91.152.229
•z6.817,806
3201
Cleveland
The sewer, street improvements and street opening bonds
1880
89,031,955
33-39
28,101,678
are for special local improvements, and redeemed
by assessments on the
1881
90,099,045
29,052.906
34-72
property benefitted. nsseased^1 valuation, ^tax rate, debt and sinking
1882
33-72 funds have been:
29,052,906
*
....
....
....
....
....
....
....
....
....
....
....
....
....
/
..
^
—
.
T
^
.
CITY
X
Subscribers will confer a great favor by
,
SECUKITIES
[Voi*. XXXVII
giving Immediate notice of any error discovered in these Tables.
INTEREST.
Date of
bonds.
DESCRIPTION.
Size
par
value.
outstanding.
1875
$1,000
Des Moines, Iowa—Renewed judgment bond—
1878
1,000
Funding bonds
Coupon warrantsand sewer and paving bonds
1,000
Detroit.Micti— For Water W.Co., on city’s credit 1855 to ’80
1859 to ’71
Public Building stock (City Hall) bonds
1872
to
’76
Public sewer bonds ($35,000 are 6s)
1879
Bonds for purchase Belle Isle
1871 to ’74
1,000
Elisabeth, N. J.— Improvement bonds
1870 to’75
1,000
Funded debt bonds
1872 to ’73
1,000
School House bonds
1865 to ’66
1,000
Market House bonds
1875-’76
1,000
Consolidated improvement bonds
Funded assessment bonds
Tax arrearage bonds
1882
New compromise bonds
1868
1,000
Evansville, Indiana.—E. H. A N. RR. bonds—
1869
1,000
City wharf bonds
1870
1,000
E. C. &P. RR. bonds
*
1870
1,000
do
do
1870
1,000
Water works bonds
1876
1,000
Redemption bonds
1876
1,000
do
do
1877
1,000
do
do
1878
1,000
do
do
1881
1,000
do
do
$229,000
7 A 4
175,000
7
5
4 to 7
7
For explanations see notes on
lirst page of tables.
182,000
1,500,000
572,500
329,500
100,000
_
^
Fall River, Mass—City notes
•
«
®
do
do
do
do
Water loan
do
do
do
675,000
202,000
m
Qalvesum, Texas- Bonds for various
Limited debt bonds (sinking fund 2 per cent).
Large.
1865-’78
M. A N.
J. A D.
200.000
400,000
300,000
Park bonds (4 of these bonds are
Funded debt
100,000
318,300
510,100
349,600
417,000
977,000
500,000
1,000
for $500 each)
•
f.
Capitol bonds
Hartford town debts to railroads 10-25
do
war
do
floating debt
•
•
1873
1879-’80
1863
..
1871-’74
Holyoke, Mass— City notes
City bonds, sinking fund
1874
1872
loan
do
1873
Railroad loan
do
($60,000 are
& J.).
1869 to ’70
Indianapolis—Bonds to railroads
1877
Bonds to Un. RR. Tr. Stock Yard (mortgage).
1873
Loan bonds, series A
1874
do
do
B
1874
do
do
C
1875
do
do
D
1874
Purchase-money bonds—Southern Park
Jersey Oity— Water loan bonds, mostly coupon 1852 to’67
1869 to ’73
Water loan bonds, mostly coupon
1877
•do
do
do
1873
Forty-year bonds
1871
Improvement bonds
1872 to’76
do
do
1870
Morgan street dock
1872
Funded debt bonds
Various.
Old Jersey City bonds, coupon
Various.
Hudson City bonds
1869
Bergen school loan bonds
1869
Bergen street improvement bonds
Various.
do
bounty loan
1875-’76
Assessment funding bonds
1876
Revenue bonds, coupon or registered.
1878
Temporary loan
1879
Bonds to fund floating debt. Ac., coup, or reg.
18S0-’l
Bonds to pay maturing bonds, Ac
Kansas City, Mo—Bonds
Bonds
1859 to’64
Lawrence, Mass.—Funded debt
1862 to’75
Funded debt
;
1874
do
1873-’75
Water loan
j.
1,000
1,000
100,000
203,000
185,000
271,000
250,000
226,500
155,000
500,000
300,000
300,000
300,000
200,000
3,000
1.000
....
1,000
1,000
1,000
500
1,000
1,000
1,000
1,000
1,000
109,500
764,000
3,329,000
255,000
627,000
500
1,000
1,000
1,000
1,000
2,669,000
2,771,500
500 &c.
1,000
125,000
1,000
1,000
1,000
500.000
837,400
162,550
150,000
400,000
Various
1,000Ac
1,000Ac
73,000
900,000
Various
i,doo
Real and
Tax per
Personalty.
$73,647,694
79,586,156
1,000.
$151520
14i20
14^2n
.
6
6
6
4*2
6
6
4 to 7
6
6
7
6
6
7*3
7*3
7*3
7*3
7*3
6
7
6
7
7
7
7
7
6 A 7
7
7
7
7
6
600.000
107,000
262,000
1,000
500 Ac.
,
■
F. A A.
Various
,
do
do
do
do
do
do
do
do
do
City Treasury.
1,300,000
July 1, 1895
April 1, 1906
May 15,1906
1907
April 15,1908
June 1,
Feb. 1.1911
1883 to 1888
1883 to 1891
do
F. A A.
Boston, Revere Bank.
Aug. 1, 1894
M. A N. Boston, Bank Redemption.
May 1,1895
do
do
May 1, 1895
1896-1893
do
do
do
Feb. 1, 1900-1909
do
do
do
Nov. 1,1892-1906
M. A N.
do
do
F. A A.
Aug. 1,1899-1905
Various
A J.
J. A J.
J. A J.
Various
M. A 8.
J. A D.
J.
T.
A
•
5*2
Boston, Merchants’ Bank
do
do
do
do
Galveston.
do
New York or Galveston.
J. N.Y.,
Various
J. A J.
F. A A.
J. A J.
J. & .7.
J. A J.
Amer.Exch. Bk. A Gal.
City Treasury.
Suffolk Bank, Boston.
Merchants’ Bank, Boston
City Treasury.
do Town Treasurer.
do
do
*
May 1, 1908-1909
July 1,1893
July 1, 1891
July 1,1905-1906
1883 to ’91
1393-1909
1920
1902
1890-1906
1891
Aug. 1,1884
Jan. 1, 1893
June 1,
1, 1897
1894-1900
Jan.
J. A J.
$10,000 yearly
Jan., 1900
J. A J.
1883 to 1889
Various
City Treasury.
do
Oct. 1, 1889
A. A O.
do
Jan. 1,1900
J. A J.
do
A. A O
Jan.AApr.l, 1894
Jan. 1, 1889 to’90
Jan.
City Treasury.
Jan. 1, 1897
N. Y., Winslow, L. A Co.
J. A J.
do
do
J. A J.
July 1, 1893
do
do
J. A J.
July 1, 1893
do
do
J. A J.
July 1, 1891
do
do
J. A J.
July 1, 1895
Jan. 1, 1899
do
do
J. A J.
J. A J. N. Y., Merch. Ex. N. Bank. Jan., 1889 to 1909
1899 to 1913
do
do
Various
do
do
J. A J.
July 1, 1907
do
do
J. A J.
July 1,1913
do
do
M. A N.
May, 1891
1886 to 1906
do
do
Various
June
do
do
J. A J.
8, 1900
do
do
May 1, 1897
M. A N.
do
1882-’90
do
Various
’84-’85-’89A1900
do
do
Various
do
do
Jan., ’98 to 1900
J. A J.
do
do
J. A J.
July, 1889
1884 A 1889
do
do
Various
1905-1908
Various N. Y., Merch. Ex. Nat. B’k.
June 1,1886
do
do
J. A D.
■
*
*2
5 A 6
7
8
6
6
6
May 1, 1898
May 1, 1899
Dec. 1, 1890
Dec. 1, 1895
-
6
6
1,353,000
5000Ac.
6
do
do
do
do
do
do
do
do
do
...
7
5
5066'Ac.
g.
6
6
6
10
8
5
6
5 A 6
645,000
385,000
786,000
25,000
6
6
6
400,000
Total Bonded Debt
•>
General.
Special.
$6,326,250
$1,589,000
5,888,250
1,176,200
82,684,212
5,943,000
750,100
—Population, 160,146 in 1880; 92,829 in 1870.
Ties Moines, Iowa— Assessed value of property, $5,104,240, which is
about 50 per cent of true value. Tax rate, $5 per $100. Population in
Years.
5 A
5
5 A
4
5 A
Y., Farmers’ L. A Tr. Co.
A J.
.
37e, 4, 6
30,000
300,000
1,000,000
1,250,000
1,000
1,000
N. N.
N.
D.
D.
7
6
6
6
550,000
1,000
A
A
A
A
105,000
64,000
1,000
1,000
1,000
M.
M.
J.
J.
J.
A. A O.
600,000
450,000
100,000
261,860
500,000
450,000
100 Ac.
City bonds (H. P. & F. RR )
1837
1883 to 1906
1883 to’91
1892 to ’97
1899
1879 to’81
1882 to’95
1882 to ’93
1882 to ’86
1885 to’96
....
7
100,000
280,000
1882
County bonds, G. C. & S. F. RR
Hartford, Conn.—Water bonds
July, 1892
July, 1888
....
•
300,000
100,000
1877-8-9
do
•
300,000
100,000
....
Water loan
do
A J. New York, Kountzo Bros.
do
do
A J.
Various
Various N. V., Metropolitan N. Bk.
do
do
Various
do
do
F. A A.
do
do
F. A A.
V arious
City Treasury.
do
Various
do
Various
do
Various
do
A. A 0.
J.
J.
7
7
7
7
7 3-10
250,000
100,000
196,000
100,000
1,000
1,000
1,000
1873
1871
1875
purposes... 1869 to ’75
•
due.
and by
whom.
payable
....
•
Where payable
When
348,500
1,000
1,000
„
Fitchburg, Mass—City bonus
do
to
4
7
7
7
7
7
66,000
1,994,000
lOOOAc.
.'
City bonds
do
Galveston
•
^
6 A 7
71,000
m
^
Rate.
204,000
615,000
8097811878811
^
....
Principal—Wken
Amount
or
,
Demand,
Feb. 1, 1909
A. N. Y., Merch. Ex. Nat. B’k.
1910-1911
do
do
Various
1890 & ’97-1901
New York, Kountze Bros.
1880 to’97
do
do
1884
Various
Boston, Tremont Bank.
1885 to 1892
do
do
Various
do
do
J. A J.
July 1.1894
Oct. 1, ’90, to 1906
do
do
A. A O.
F. A
Fall River, Mass.—'The sinking fuuds amounted to $544,699 Jan. 1,
Total debt, including water debt, $3,455,860.
1883.
Population,
48,961 in 1880; 26,766 in 1870.
Filchburg, Mass.—Sinking fund, Jan. 1, 1883, $114,506. Population
i88j; 11,260 in 1870. Valuation, tax rate per $1,000, Ac.:
Real Estate. Pers’i Prop’ty. Tax.
Debt.
Sink’g Fd.,<fcc.
$6,868,225
$188,817
$2,264,619
17 60 $915,523
1881
6,993,700
2,530,164
,18 00
873.523
182,284
1882
7.484,625
2,628,911
19 00
158,449
831.0Z3
1870, 12,035 ; in 1830. 22,400.
—The
real
assessed valuation of
estate is about the cash value.
Detroit, Mich—The population in 1870 was 79,577; in 1880, 116,340;
Galveston, Texas.—Assessed value of real and personal property,
in 1883, 130,000. The value of water works is $3,082,708, against a
debt of $1,652,000. The water works bonds are issued on a pledge of
1881-8?, $17,625,862. Tax rate, $1 50 on $100; 1882-83, tax rate ISm.
the city credit, and $75,000 per year collected in taxes to pay interest on In April, 1882, the Galveston County 10 per cent bonds were called in
them.
Assessed valuation, in 1883-84—real property, $78,982,170; and 6 per cents issued instead. Population m 1870, 13,812; in 1880,
personal, $26,928,725; total, $105,910,925, which is made on the basis 22,248 ; 1882, estimated, 32,000.
Hartford, Conn — Total city debt, April, 1883, $4,360,000; net, after
of true value. Tax rate, $10-89 per $1,000.
Elisabeth. N. J.—Default was made in interest Feb. 1, 1879.
Suits on deducting resources, $2,079,250; net town debts, $1,249,510. Assessed
bonds are pending. Total bonded and floating debt Jan. 1, 1883, $5,052,- valuation in 1882, $47,660,86-^. SinKimr fund Jan. 1, 1883, $120,182.
212. The proposition to issue bonds for 50 per cent of the face of the Population, 42,553 in 1880; 37,743 in 1870.
debt, was urged on bondholders, but was rejected by them. See V. 35,
Holyoke. Mass.—Bonds all coupon, but can be registered.
Total net
p. 602.
Estimated true value of real and personal property is much over debt,'$817,318. Valuation, 1882, $13,374,055; tax rate, $15 40. Popu¬
the assessed valuation of about $12,182,035 (see V. 32, p. 612). Popu¬ lation, 21,915 in 1880; 10,733 in 1870.
Indianapolis.—'The School Board is a distinct organization and levies
lation in 1880, 28,229; in 1870,20,832. Assessed valuation, tax rate
its own tax ($2 20 tor 1882), which is included in tax rates. There
per $1,000 and debt have been :
are a few other small issues amounting to $50,000.
Valuation and tax
Years.
Debt.
Realty A Personalty. Tax Rate.
$16,250,805
2-68
$4,900,000 per $1,000 have been :
Personaltv.
Total.
Tax.
Real Estate.
2-50
15,289,888
5,130,000 Years.
$48,099,940
$9*30
$9,813,705
$38,286,235
14,614,918
356
5,380,000
10,930,021
50,030,271
1070
39,100,250
11,530,031
2 12
5.400,000
51,901,217
39,063,725
12,837,492
10*70
—V. 32, p. 231, 253, 312. 368. 420, 612; V. 34. p. 32, 177, 342, 663 ; V.
13,296,870
52,612,595
11 20
39,315.725
35, p. 78, 431, 602 ; V. 36, p. 510, 560, 590, 651.)
Evansville, Ind.—No floating debt. Population in 1870, 21,830; in —Population, 75,056 in 1880; 48,244 in 1870.
1880, 29,280.
Jersey City.—One of the main causes of embarrassment in Jersey City
Assessed valuation (true value), tax rate per $1,000
is found in the failure to collect back assessments and in the immense
and debt have been :
value of railroad property exempt from taxation. The Comptroller, in
Real Estate.
Debt.
Years.
Personalty.
Tax.
1880/
$12,919,360
$15 00
,$5,232,645
$1,651,000 Dec., 1882, made the following statement in his report:
13,925,825
1,651,000 Tot. taxes overdue Dec.l,’821css dcduct’ns due State and Co. $3,286,002
5,379,940
12 50
- 2,954,368
15,205,795
6,031,105
12 50
1,651,000 Total jissessments due and unpaid
Of these, $5,855,418 was estimated to he colleetible.
—(V. 36, p. 251,427.)
12,270 in
Years.
CITY
1883.]
August,
Subscribers will confer
a
Date of
Size
Bonds.
of tables
Bonds
New bonds
Water bonds.:
mmmm
....
...
....
improvement of streets
For improvement of streets
1883
Re-constructing street
Public buildings and institutions
....
1873
1853 to ’69
1868
1871
1868 & ’73
’54,’62,3,8
Jail bonds
1868
For old liabilities
1869
1871 to ’74
Louisville, New Albany A St. L. Air Line RR.
1871
Road bed, Louisv., Cin. A Lex. RR
1871 to’73
Citybond8 payable by Louisv. A Nash. RR... 1851 to’63
Old liabilities (half are 10-40 and half 20-40).
1880
Lowell, Mass.—City notes
1852 to ’75
do
Sewerage
1883
Water notes
Water bonds
Water notes
1871 to’76
1870
1881
Bridge bonds
Lynn, Mass— Water notes
1870-’3-’5
Various
Various
Various
Waier bonds
Funded debt
City Hall and Sc hool House
Manchester, N. H.—City bonds
City bonds...
....
do
Water bonds ($100,000 each year)
do
do
do
Post bonds
Endorsement Memphis A Little Rock RR
1882
Water
bonds,
do
coupon
1872
registered
1872
Minneapolis, Minn.—City bonds
....
City bonds
....
do
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Mobile—Funding bonds
350,000
1,408,000
1,000,000
741,300
95,000
500,000
....
100 Ac,
100 Ac.
100 Ac.
|
1,000
1,000
900,000
500 Ac,
265,000
230,000
1,000
1,000
1,000
1,000
....
1,115,000
250,000
35,000
621,000
1,000
500
....
.
city bonds
War loan..
Water bonds
do
do
Sewer bonds
....
1875
1878-’80
1871-’79
....
1876-’80
1881
1882
1861-’74
1875
1876
1867 to ’76
1872-’74
1881
1871
1867
1877
1852
1854-55
1869
1869
1870
New Haven, Conn.—Sewerage
For Derby Railroad ($20,000 payable
yearly)
City bonds (10-20 bonds)
New Orleans— Consolidated debt
Railroad debt
Waterworks loan of 1869
Seven per cent funding loan of 1869
Seven per cent funding loan of 1870
Jefferson City (debt assumed)
’57, ’67,’70’
1,000
1,000
1,000
....
10,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,417,400
44,000
1,840,000
500,000
400,000
1,200,000
2,150,000
3,210,000
1,331,000
170,000
137,000
40,000
223,000
46,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
360,000
40,000
22,000
456,000
290,000
2,221,500
’
100,000
400,000
200,000
50,000
499,000
80,000
150,000
4.300,000
....
....
85,500
....
The total debt of the
city January, 1883, was $17,365,450 ; sinking
funds, $1,386;805.
Population in 1880. 120,722, against 82,546 in
1870. Taxable valuations and tax rate per $1,000 have been:
Years.
Real Estate.
Personal Prop.
Tax Rate.
$54,122,875
$5,343,815
$28 00
54,619,565
4,786,037
29 80
56,125,552
5,640,300
29 00
56,304,772
5,203,325
29 40
-(V. 32, p. 183, 566; V. 33. p. 153.)
Kansas City, Mo.—In 1876 assessed valuation was
$8,923,190, and tax
levy 23 mills; in 1S82, assessed valuation, $24,316,020, and tax rate
17Je mills.
Lawrence. Mass.—Total debt, $1,764,000.
Sinking fimd, $170,553.
Tax valuation, 1882, $26,269,506; tax
rate, $16 60.
Population,
39,151 in 1880; 28.921 in 1870.
Lewiston, Me.—Total net debt, April 1,1883, $926,436; sinking fund,
$143,564. The railroad bonds were issued to build the Lewiston A Auburn
RR., which is owned by the cities of those names. Valuation in 1883,
$10,679,926; tax rate, 2*2 per ct. Population, 19,076 in 1880; 13,600
in 1870.
Louisville.—The funded debt, Jan. 1,1883, exclusive of loans payable
by railroads, was $8,342,000, against $8,759,000 Jan. 1, 1882. The sink¬
ing funds on Jan, 1, 1883, amounted to $4,269,830. Population by
census of 1870 was 100,753, against 123,758 in 1880.
The following
figures give the assessed property valuation: 1877, $68,522,947; 1878,
$63,194,487; 1879, $64,018.242; 1380, $66,209,440; 1881, $68,753,770;
1882, $70,029,724, of which $52,269,684 was reality. Tax rate in 1832,
on real estate, $2
35. (V. 36, p. 590.)
Lowell, Mass.—All the notes held by savings banks. Water loan sink¬
ing fund Jan. 1,1883, $309,440; other sinking funds. $86,971. Pop¬
ulation, 59,475 in 1880; 40,928 in 1870. Assessed valuations in 1881
(anout 80 per cent'of true value) were: Real estate, $29,627,847; per¬
sonal property, $13,158,638; tax rate,
$15 70; in 1382, valuation
$46,414,412; tax rate, $15 60.
Lynn, Mass.—Total debt, Dec.. 1882. $2,175,509; sink. f’ds.,$333,032.
Population, 28.233 in 1$70; about 42,000 in 1882.
Manchester, N. H—There are also $16,000 5s due before 1885. Total
debt Jan. 1, 1883, $927,500. Assessed valuations
out70jper cent of
true value), tax rate per $1,000, Ao, have been:
221.000
82,400
567.750
375,750
....
J.
6 g.
M. A N.
8
7
6
5
4
3
6
6
5
4
to 5
6
A 7
A 7
7
7
A 6
7
7
7
5
5
6
6
5
5
6
7-r
4
7
6
5
6
6
5
7
7
8
N.
1888
July 1,188541901
1594 A1899
July 1, ’93-1913
0ct.l,’97-1907-’17
Y., Bank of America.
1887, ’89, 97
Louisville.
Various
6
7
4
7
7
8
10
do
do
do
do
1886,’ 96, ’97
A J.
6
4
4
6
100,000
409,000
....
Public school bonds
Clinton Hill bonds, coup. A reg. (s. fd. 3 p.c.).
Corporate bonds, coup, or reg.(act Apr. 21,’76)
Sewer and improvement bonds (local liens).
Aqueduct Board bonds
Tax arrearage bonds
do
do
‘
do
do
New Bedford, Mass.—Bridge and
6, 6U3
7
City Treasury and Boston.
N. Y., Bank of America.
do
do
Various New York, U. S. Nat. Bank.
J. A J. Louisville, City Treasurer.
J. A I).
N. Y., Bank of America.
Various
do
do
Various Louisville and Newr York.
A. A O.
do
do
J. A D.
do
do
Various
do
do ’
M. A S.
N. Y., Bank of America.
,T. A J.
do
do
Various New York and Louisville.
M. A N.
N. Y., Bank of America.
Various
City Treasury.
4
7
6
5
Due.
Various
6
6
7
7
6
6
6
7
7
7
6
5
4 to 7
95,000
....
....
J.
Principal—When
Where Payable and by
Whom.
....
J. A J.
A. A 0.
Various
Various
7
1,300,000
341,000.
60,000
300,000
....
& D.
A J.
M. A N.
M. A N
75,000
1 20,000
M. A N.
121,500
Various
881,000 312,4,5, 6 J. A J.
6 Various
672,000 5,
Various
305,000
37s. 6
6
J. A J.
85,000
6
A. A 0.
80,000
6
M. A N.
70,000
200.000
6
J. A J.
6
J. A J.
400,000
4
J. A J
60,000
1,000
....
J.
J.
4
1,300,000
1.000
500 Ac,
10,000
1,000
Payable
18.$0,5792
485.000
Large.
Nashville, Tenn.—Various city bonds
1870 to’81 100 Ac.
Newark—Bonds, city purposes (s. fund of 1850;
1,000
War bonds, floating debt, Ac. (s. fluid of 1864)
1,000
City improvement
73,000
513,000
Large.
1,000
5,000
mmmm
1881
6
6
4
7
133,000
Large.
....
1881-’82
1883
5
1,863,000
255,000
....
do
do
do
do
do
474,000
1,281,000
423,000
....
Bridge bonds
,
4^3
1,000
....
General city bonds
do
do
Compromise bonds, coupon
Milwaukee, iris.—Re-adjustment bonds....
131,000
200,000
1,000
....
1857
1877
1861
1871
1876
6
6
123,000
81,000
1867, ’8, T 500 Ac.
1870
1,000
Funding loan, gold
Mississippi River Railroad bonds
$50,000
215,000
1,500,000
600,000
650,000
1,000
#When
Rate.
198,000
1,000
1,000
....
1874
1872
1881
1867 to’68
Bridge bonds
Memphis, Tenn.—School and paving bonds
1,000
1,000
•
1871 to ’73
Public school and school houses
Sewer bonds
do
Elizabeth A P. Railroad
Wlmrf property
•
500 Ac.
1857 to ’67
1866 to ’67
For
outstanding.
$....
..
1883
Louisville, Ky.—Water works
081
par
INTEREST.
Amount
or
Value.
Lewiston, Me.—City bonds ($55,000 each year),
do
($30,000 due 1885, $185,000 If *'
do
xi
great favor by giving Immediate notice of any error discovered in these Tables.
DESCRIPTION.
For explanations see notes on first page
SECURITIES
July 1, 1903
1891, ’92 A 1903
1884 to’89
July, 1898
June, 1901
1888 & 1903
18S3 to 1898
Oct. 1, 1898
1889
1894 A 1901
Sept., 1891
July, 1901 A 1903
1886 to’93
Mav
do
Boston, N. Bk. of Redemp.
Boston, Blake Brothers.
-
'
City Treasury.
Boston, Bank Republic.
do
do
CityTreasTy A Bk. Repub.
City Treasury.
do
1, 1920
1883 t«1894
1903
1886 to 1911
Nov. 1, 1890
Nov. 1, 1911
Nov. 1, 1892
1885 to 1890
1891 to 1905
1884 to 1896
1886 to 1890
1883-1894
do
April 1, 1884-’85
May 1. 1893
July 1, 1890 A’95
City Treasury.
18S7-’92-’97-1902
Suffolk
do
A J.
’
Bank, Boston.
do
Memphis.
July 1, 1911
1873 to 1902
1873 to 1900
^
Nov., 1900
J. A J.
Charleston, 8. C.
July, 1872
J. A J.
1907
City Treasury.
J. A D. Mil. A N.Y., Morton B. A Co.
June 1,1891
J. A J.
do
do
Jan. 1, 1901
J. A D.
do
do
June 1,1896
J. A J.
do
do
July 1, 1902
J. A J.
do
do
Jan. 1, 1902
J. A J.
do
do
Jan. 1, 1902
J. A D. New York, Nat. Park Bank.
Deo. 2, 1892
Various
do
do
1883-1886
Various
do
do
1885-1905
Various
do
do
1896-1902
Various
do
do
1599
Various
do
do
1893
Various
do
do
1906-1912
J. A J.
do
do
July 2, 1913
J. A J. N. Y., Merchants’ Nat. Bk.
Jan. 1, 1906
Various New York and Nashville.
1882 to ’99
Various
1883 to ’93
Newark, City Treasury.
Various
do
do
1883 to’96
A. A O.
do
do
April, 1888, to’92
J. A J. Newark, Nat. State Bank.
July 1, 1895
Various
do
do
1908 A 1910
M. A S.
do
do
1886, ’93 A 1909
Various
do
do
1879 A 1892
F. A A.
do
do
1886-’90
F. A A
do
do
1891
F. A A.
do
dO
1892
A. A O.
1883 to 1890
City Treasury.
A. A 0.
do
1891 to 1910
A. A O.
1883 to 1884
A. A O.
1900 to 1904
A. A O.
1885 to 1909
A. A O.
1883 to 1909
A. A O.
1887 to 1891
City Treasury.
A. A O.
Oct. 1, ’91A1901
City Treasury.
A. A O.
do
Oct. 1, ’52 to ’86
J. A J.
do
July 2,1887-’97
1. A J.
New Orleans.
July 1. 1892
Various
do
1874-5 A 1894
J. A J.
do
Jan.
1, 1899
M. A 8.
do
March 1, 1894
J. A D.
do
Juno 1, 1895
Various
do
1887 to 1897
Years. Real Estate.
.
Person’l Prop.
Tax Rate. Total Debt. Sink.Fda.A©
$7,385,416
$17 60
$1,004,412
$38,860
1882.. 15.379,324
3,796,084
16 20
994,651
47.623
—Population, 32,630 in 1880; 23,536 in 1870.
Memphis, Tenn—The city has been in default for interest sinoe Jan.
1, 1873. The Legislature "passed a bill, January, 1879, repealing the
city’s charter, and the “ Taxing District of Shelby County” was organ¬
ized.
A receiver for tlie city was appointed, but U. S. Supreme Court
held such action void. The compromise bonds were issued at 50 oents
on the dollar.
Auditing board will issue $1,145 of new bonds foreaoh
$2,000 of old, and $147 is to be added to each $l,0o0 of Flippen com¬
promise bonds.
Assessed valuation of real estate, 1875, $19,329,600; personal, about $6,500,000. Tax rate, $2 per $100. In 1881, total
valuations, $15,112,444; tax rate. $1 60 on the $100. Population In
1870, 40,226; in 1880, $33,592. (V. 32. p. 70, 183, 396; V. 33, p. 176;
V. 34, p. 147, 604; V. 36, p. 221, 366, 501, 731.)
Milwaukee, iris.—'The city cannot issue debt beyond 5 per cent of it«
average assessed value for five years. Sink. fd. Jan., 1883, $150,000. In
1882 valuation was $62,271,935. Sinking funds are provided for all the
bonds. There is also about $47,000 scrip issued to settle old railroad
bonds. Population, 71.440 in 1870; in 1883 (estimated), 130,000.
Minneapolis, Minn.—Total debt, $1,534,000; tax valuation, 1882,
about $40,655,442; tax rate, 19710 mills; bonds all coupon. Population*
46,887 in 1880; 13,066 in 1870.
Mobile.—rutcrestwas in default from July, 1873.
A settlement with
bondholders was offered by act of March 9, 1875. In Feb., 1879, the
Legislature repealed the charter of the city. In Oct., 1880, bondholders
offered to take new 25-year bonds, bearing 3 per cent for 5 years, 4 per
cent for 15 years, arid 5 per cent for 5 years.
In Deo., 1882, the un¬
funded debt was estimated at $188,555.
Valuation of real and peis
sonal property in 1882, $15,563,130; tax rate, $6 per $1,000. Popula¬
tion, 31,297 in 1880; 32,034 in 1870.
Nashville, Tenn.—Assessed valuation of all property In 1881 was $12,179,450 real property and $3,070,125 personal; tax rate, $20per $1,000.
Population, 43,350 in 1880 ; 25,865 in 1870.
Nctoark.—The bonds in the first line in the table are payable out of the
sinking fund or 1859. which amounts to $92,500; those in second lino
out of sinking fund of 1864, $1,584,500; public school bouds out of
public sohool fund, $382,000; Clinton Hill bonds by sinking fond
.
CITY
yji
Subscribers will confer
a
great favor by
SECURITIES.
[Vol. xxxvn.
giving immediate notice of any error discovered In these Tables.
INTEREST.
Size
Datejof
DESCRIPTION.
Bonds.
or
par
Principal—When
Amount
outstanding
Rate.
Value.
For explanations see notes on first page of tables.
When
payable
New Orleans—(Continued)—
1871
1872
1871
8treet improvement bonds
Consol, gold bonds (gen’l and drainage series)
Ten per cent bonds, deficit and old claim
New premium bonds (in exchange)
Park bonds
Ten-year bonds to fund
$1,000
$19,950
1,000
Various
140,000
1883
1,000
coupons.
1 864 to ’7."
Newton, Jlass.—City bonds and notes
Water loan ($000,000 0s)
New York—Water stock
1,000Ac
1875-76-80
1,000
1872
1846 to ’69
100 Ac.
.
Croton water stock
1865-6
100 Ac.
198,250
8,313.000
5
126,000
1,3 13,490
6
6
1874-’78
City parks improvement fund stock
Normal school fund stock
1871-’78
1871
Public school building fund stock
Additional Croton water stock
1871
1871-V9
500 Ac.
3,620,000 4,5,6 A 7
500 Ac.
500 Ac.
8,779,700
to’79
to ’79
to’71
($275,000 only due ’98)
’59
1879
Improvement bonds
1856
1858 to ’71
1870-’7o
1865 A ’6*
Central Park fund stock
Central Park improvement fund stock
Dock bonds
Market stock
1869
1876
City Cemetery stock
City improvem’t st’k (part red’mable after ’96)
do
do
Lunatic Asylum
to
stock
Fire Department stock
Fire telegraph bonds
Tax relief bonds, coupon
N.Y. Bridge bds ($2,421,900 red.after July,’90)
Accumulated debt bonds
Street improvement bonds
Ninth District Court-house bombs
1870-’73
1869-’70
186ir ’70
1870-’73
1870
1869-’79
1869-’70
1874-’77
1871
1874-’79
Department of Parks improvement bonds
1872
Bewer repair stock
1874
Consolidated stock
do
20-50 (redeemable July ’96;
1876
do
Museum of Art and Natural History stock
1873*-’7 9
Third District Court-house bonds
1871
Central Park commission improvement bonds 1878 A ’79
1862 to ’6»
Comity Court-house stock
do
do
No. 3
1871
do
do
No. 4 & 5
1872 9
1864
Soldiers’bounty fund bonds
1865
Soldiers’ bounty fund bonds, No. 3
1865
Soldiers’ bountv fund red. bonds. No. 2
1868 to ’72
Assessment lumi stock
do
do
1873
do
do
1875
1870
Repairs to buildings stock
1871 to ’72
Consolidated stock, gold, coupon
1869 to ’70
Accumulated debt bonds
1870
N. Y. and Westchester Co. improvement bonds
Consolidated stock
1874
For State sinking fund deficiency
1874
Debt of Westchester towns annexed
Consolidated stock, gold
1878
Consolidated stock
1880
Bonds for bridge over Harlem River
Norjol/c, Va — Registered stock
*
1870-’74
Coupon W'onds ($20,000 6s are J. & J.)
1881
Coupon bonds of 1881 (exempt)
Trust and paving, coup
1872-’73
1871
Coupon bds, water (a mort. on water works.).
1868
Norwich, Conn.—City bonds
1877
City bonds
Water loan ($50,000 1890, $250,000,1898)... ’68,’78,’80
Court House
1875
1878
Sinning fund bonds
t...
1883
Funding i0-30s
1859-’73
PcUei'son, N. J.—Sohool bonds
Funded debt bonds
1862-’71
Sewer b’ds ($125,000 are M. A S. & $16,000 5s) 1860-’81
War bounty bonds
1863-’65
1877
Funding bonds, “A”
Renewal bonds, - ‘B” and “C”
1877-’78
Philadelphia—Bonds prior to consolidation
Bonds for railroad stock subsidy subscript’ns
do
do
for water works
for bridges...
500 Ac.
500
500 Ac.
500
500
100
100
500
100
100
100
100
100
100
100
500
KH)
100
100
100
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ae.
Ac.
Ae.
Ac.
3,849,800
2,229,-r 09
7,269.401
700,000
521.953
597,586
3,0(H),000
4,971,900
6,500.000
727,900
.
.
103,000
2.058,350
739,486
958,000
398,000
333,000
1,000,000
600,000
653,100
4,000,000
745.800
376.600
1,829,000
493,200
900,450
100,000
7
-
5
4 A 5
Jan.
.
1, 1923
6
6 A 7
5 A 6
4 A 5
5
7g6
7
7
”5 *g-
6,900,000
2,-00,000
174.500
478,464
ioo
500.600
320,000
290.800
*
100
500.0(H)
1,000
125,000
1,000
1,000
1,000
1,000
160,000
300,000
N.
N.
N.
N
©
CD
5, 6 A 7
7
5
4
7
7
175/ *00
*500
92,500
110,000
411,000
353,000
100,000
110,000
4,0 4,566
1,725,000
6.500,000
4,853,500
Rate of Tax
Total
Sinking
Debt.
Funds, Ac.
Property.
per $1,000.
9
mills.
12,130,874
$874,000 $156,450
9
13,097,158
854,000
176.392
10
13,639,376
774.0(H)
169.214
decision of Louisijuia Supreme Court, Dec., 1878
June (0,1883,
Sraetice,
»ctoi>er 15.
and On
drawings
take place
January
31, debt
15, $LJuly
31. and;
Aprilwas
the total
bonded
^I.j.OoO
and total floating debt,
and prior years, payable
$2,6.i4,v)ou. The uncollected taxes for 187s
in scrip, were $1,336,918, and lor 1879-82,
oaynble in cash, $903,' 00. Population 5n 1870, 191,418; in 1880,
216.090. (V. 34, p. 292; V. 35, p. 50. 658. 7od. 763.)
Tax valu¬
1889 A 1892
1889
1899
1884
1890
-
CO
o
iI905.192bA 1928
1884 to’88
S
00
E ©
N.
1884,A 1888
1890
Nov. 1, 1884
Is
N.J
Nov.1,1883 to’85
Oa
1901-1904
Nov. 1, 1891
Nov. 1, 1891
1891 A 1899
Nov. 1, 1885
1894 to ’96
»
fcZ?
©
Various
§
O
A
A
A
A
A
A
A
A
May.’97,1916-’20
=3
1889 A 1899
a
1903
Nov. 1, 1890
Nov.l. 1884
1883 to '92
1884 to ’88
1894 to’98
3
-ye'd
62
O g
Us
1883 to’90
1895 to ’97
£"3
1891
1887
•*-*
1903
1910
1884 to’88
1896 to 1901
1884 to ’88
1891
1896
eS ®
|8
Rfa
ce
1884 to’86
£
£
A N.
1908-1928
1910
A N.
rt
A N
Nov., 1891.
1883 to ’85
A J. Norfolk, Treasurer’s Office,
do
do
A J.
’90-’94-’99, 1900
do
do
A O.
April 1. 1911
do
do
A. A O.
Apl.,’92; July, ’93
M. A N. New York, Park N. Bank.
May, 1901
Oct. 1, 1893
A. A O. L’hameeN.Bk; Bost.,Bk.Rep
Norwich,
A. A O.
April 1, 1907
do
Various
1898,1908 A1910
do
Jan. 1, 1905
J. A J.
do
A. A O.
April 1. 1908
1913
J. AD.
Dec., 1883-1904
City Hall, by Treasurer,
do
do
J. A D.
Dec., 1883-1900
1883-1902
do
do
Various
do
do
J. A D.
Dec., 1879-1900
do
do
T. A D.
June, 1887
1901-1905
do
do
Various
1883 to ’85
J. A J.
Phila., by Treasurer,
do
do
J. A J.
do
do
J. A J.
1883 to 1903
do
do
J. A J.
4 A 5
6
6
5
8
8
7
5
50,000
1887 A 1895
Nov.1,1901 to’13
S3 *+
M.
M.
VI.
J.
J.
A.
4
364,000
T
go
®o3
N.
N
N.
N
N.
M.
N
M.
N.
M.
N.
M.
N
M. A N.
M. A N.
M. A N.
M. A N
VI. A N.
M. A N.
M. A N.
Various
M. A N
M. A N.
J. A I>.
M. A N.
6
7
5 A 6
•6
7
7
6
6 A 7
6
6
1884
July 1, 1898
o
’89,’92,’96 A1926
M. A N.
M.
M.
\I.
M.
4, 5 A 6
5 A 6
a
1894 A 1897
1888
N.
N.
N.
N.
N.
A N.
A
73
5a
M. A N.
M. A N.
6
1,680,200
provisions for consolidated bonds, but on
appeal to U. S. Supreme Court this was reversed April. 1882. In June,
1882, a law was passed to issue new 6 per cent 40-year bonds for all
old bonds other than premiums, redeemable after 1895. The assessed
valuation of property, real and personal, for 1882 is about. $lo3,177.249.
A scheme tor settling the debt by a bond premium drawing plan is in
7
5 & 6
1,169,818
.
Sinking funds, January 1, 1583, $172,695,
4, 5 A 6
14.702,000
6,000,000
30,000
New Orleans.—A
held invaMd the special tux
^ Newton, Mass.
6 A 7
6
6
7
636,000
Personal
Years. Real Estate.
1879.. $34,922,157
1880..
34.797,569
1881
32.966,440
6g.
7
A
A
A
A
A
A
A
A
A
A
A
W
©
©
5,744,000 5,6,7A6g M. A N.l
M. A N.l
6
200,000
$131,200: tax arrearage, $690,000: corporate bends. $147,000; street
improvement and sewerage, $54,000. The Aqueduct bonds are not a
direct liability of the City of Newark. Real and personal property have
been assessed at near the true value sis follows: 1881, real estaie,
$66,278,825; personal, $18.o74.770; tax rate, $2 10; 1882, real estate,
$67,463,555; personal, $17,989,370; tax rate, $2 44. Population m
1870, 105,059,agamst 136,508 in 1880. (V. 34, p. 489.)
New Bedford, Mass.—Population, 26,845 in 1880; 21,320 in 1870
Assessed valuations (true value), rate of tax, Ac., have been:
Persomil
Rate of Tax Total Debt,
Trust
Years.
Real Estate.
Funds.
Property,
per $1,000.
Bonds.
$12,898,300 $12,874,418
$16 40
$1,123,000 $194,100
101,100
13,138,400
13,137,519
15 70
1,059.000
13,505,400
1,084,000
101,100
13,609,922
18 00
104,100
28,112,887/
'
17 50
1,059, (fOO
New Ilaven, Conn— Municipal bond fund, $37,0M. The city made a
special loan of $75,000 to the New Haven A Derby Railroad, and guar¬
anteed $225,000 of its second mortgage bonds. Population in 1870,
50,840; in 1880, 62,882. Assessed valuations (about 80 per cent of true
value), tax rate, Ac., have been:
.
5 A
300,000
1,210,000
7,750.000
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
7
75,000
837.500
‘
Q.-F.
Q.-F.
9, -6-.000 4, 5,6 & 7 M. A N.
M. A N.
6 A 7.
296,000
Ac.
500
500
500
100 Ac.
50 )
50 Ac.
1855
50 Ac
18‘5 to’71
50 Ac
1859 to ’70
50 Ac.
1, 1911
July 1, 1922
April 1, 1881
Aug.
New Orleans,
do
M. A N.
5
5
6
500,000
399,300
Ae
500 Ao.
500
500
100
100
New Orleans.
New York or l^mdon.
New Orleans.
.
18709287. 81
Cent. Park fund stock
A. A O.
due.
by
1883 to 1895
363.953 5, 6A
City Treasury.
4, 5, 6
934,750
Boston, Comm’nwealtli Bk July 1, 1905-’10
6 A 7
Nov. 1, 1902
475,000
5 A 6
1883 A 1890
772,000
o
Q.-F.
to
6
100,000
Aug. 1, 1884
Q.-F.
©
Aug. 1. 1900
1,331,300
5, 6 A'
Q.-F.
.3
•*->
Nov. 1.1900-1906
5,196,000 4,5, 6 A 7 M. A N.
a
1907
6
20,000
Q.-F.
© a
1887 A 1898
6
3,341,071
©
Q.-F.
Assessment bonds
Croton Reservoir bonds
1870
1871
1865
1857
Q.-J.
J. A J.
J. A J.
Various
J. A J.
M. A N.
100 Ac.
500 Ac.
500 Ac.
100 Ac.
100 Ac.
500
100 Ac.
100 Ac.
500 Ac.
100 Ac.
100 Ac.
500 Ac.
500 Ac.
100 Ac.
100 Ac
100 Ac
500 Ac.
500 Ac.
100 Ac.
100 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ao
500 Ac
500 Ac
New Croton Aqueduct stock
Additional new Croton Aqueduct
Croton water main stock
F. A A
7*3
7 g.
10
Where payable and
whom.
5, 6,7
7
6
6
5 A 6
6
6
l
6
I
ation, 183i, $29,607,999; rate in 1881, $14 0;) per$l,00H. Valuation
in 1832, $29,103,323; tax rate, $14 20.
Population, 16,901 in 1330;
12,825 in 1870.
New York City—The total debt of New York, Jan’y 1, 1883. was
$130,474,337; the amount of sinking funds, $34,332,338. The follow¬
ing statement shows the details of funded debt and the amount iu the
city sinking fund at the dates named:
Jan. 1, 1881.
Jan. 1,1882.
Jan. 1,1883.
Description.
Total funded debt
$133,535,019
$134,400,507
$130,474,337
8inking fund
' 32,993,024
36,110,301
34,332,388
Net funded debt...
Revenue bonds
$100,541,995
$98,290,206
$96,141,948
5,524,245
4,328,095
4,246,534
$102,618,301
$106,066,240
$100,388,482
of New York, by the United States census, in 1870 was
942,292, and 1,206,299 in 1880. Since Jan. 1, 1865, the valuation, rate
of taxation, and net funded debt at end of year, have been as follows:
Total debt
The population
Years.
1865
18741
1875
1876......
$1,000—.
Real
Estate.
Personal
$127,360,884
$181,423,471
742,103,075
769,302,250
797,148,665
836,693,380
881,547,995
305.285,374
2 70
19 80
306,947,233
306,949,422
292,597,643
43
20
33
883,643.545
217,300,154
218,626.178
4
5
5
6
7
6
3
3
27
81
67
35
13
49
892,428,165
895,963,933
900,855,700
Estate.
272,181,181
206,028,160
197,532,075
State.
City.
$4 96 $24 94
17
23
19
65 21
27 22
51' 21
78 22
56 21
72
94
Net Debt.*
Dec. 31.
$35,973,597
73,373,552
83.369,380
95,467,154
107,023,471
114,979,970
116,773,721
119,811,310
117,700,742
113.418,403
109,425,414
106,066,240
102,618,301
100,388,483
175,934,955
3 43 2i 37
918,134,380
201,191,037
3 12 22 18
942,571.690
1*81
209,212.899
3 60 22 60
976,735,199
198,272.532
22 50
1882
1,035.203.000
'
'
*
t Annexed towns included.
sinking fund*.
The reduction between the amount of taxation in the years 1874 and
1880 was about $.5,400,000.
There was, however, no substantial reduc¬
tion in the expense of administering the City Government, as reduo-
August,
CITY
1883.J
Snbscrlber* will confer
«
explanations see notes on first
Date of
Bonds.
page
xi n
favor bv Tb|»i«r immediate notice of
trreot
DESCRIPTION.
For
SECURITIES.
Size
outstanding.
Value.
discovered in these Tables.
INTEREST.
Amount
or
par
of tables.
any error
When
Rate.
Principal—When
Where
Payable and by
Pay’ble
Due.
Whom.
Philadelphia—(Continued)—
Bonds for park and Centennial
do
for war and bounty purposes
do
municipal, school, sewer, Ac
^Guaranteed debt, gas loans
Four per cent loan (“A" to “ Y”)
Peoria, Ills.—School loan
1868 to *70 $50 Ac.
1862 to 65
50 Ac.
$8,701,000
11,650.000
1860 to ’70
50 Ac.
15,637,425
50 Ac.
5,999,400
6,084,485
....
1879
>-
War loan
Water loan
25 Ac.
....
.
....
....
.
....
....
....
....
....
....
79278811
Municipal—proper, ($15,000
are 5s due ’83)..
Building loan bonds
Providence, It. I.— Bonds for public improvem’ts
Recruiting and bounty bonds
Water loan bonds, gold, coupon
do
do
do
do
City Hall A
registered
do
sewer loan b’ds, sterling, op. or reg
loan of 1870
1808 to ’74
1878
1845 to’72
1863
1871 to ’73
1879
....
....
....
5,050,700
....
1,405,000
1,000
500 Ac.
....
....
1859-79
5(H) Ac.
1867
1855
1863
1872
1874
1876
1875
1879
1879
1872
1877
1879
1,000
1000Ac.
99.438
...
....
2,9in, 908
687.400
652.0(H)
148,000
New lives
Rochester, N.Y.—To Genesee Valley Railroad
1872
1.000
To Koch. A State L. and R. N. A P. Railroads. 1872 tu’71 1000Ac.
..
For various city improvements
Water w orks loan, coupon and registered
Funding loan
Consol loan
Rockland, Me— Municipal bonds
Railroa(. loan ($20,000 payable yearly )
do
Notes and certificates of deposits
Bt. Louis -Renewal and floating debt bonds
Re&i estute, buildings and general purposes..
Street imj rovement bonds
Water work bonds (old)
Tower Grove Park bonds (gold)
Sewer bonds
Harbor and wharf bonds
Bonds to Pacific Railroad
New water work bonds (gold)
do
do
do
do
do
do
Renewal and sewer bonds (gold)
Renewal purposes, gold or sterling
1872
County Jail
1846 to ’71
1840 to ’68
1855 to ’57
1856 to ’58
1868
Various
1852 to’68
1865
1
1867 to ’701
410,000
100,000
401,700
County bonds
Mo.—Bonds to St. Jo. A Dcu City RR.
Bonds t< Missouri Valley Railroad
various purposes
,
New compromise bonds (GO per oenty
81. Pam, Minn.—Bonds
Bonds
do
do
do
174.0(H)
111,500
124.300
(?)
1,688,000
1,104,000
60,000
127.0(H)
346,000
....
1,108,000
611,000
700.000
1,000
1,000
1872
1,660
1,000
1,000
1,000
1,000
500
3,950,000
1,250,000
800.000
681,000
1,074,0(H)
707,000
2,747.0<H)
1,024,000
461,000
1,000
100.000
1,000
500,000
1 .(MX)
1872
1873 to ’76
1,000
1875
1,000
1875.
1,000
1860 to ’69
500
1869
500
1858 to’69 100 Ac.
1871
500
1881
50 Ac.
1881-82
1,000
1807 to ’83
1.000
l868-"7*-’9 500 Ac.
1862 to *78 Various
1860 to ’79 Various
Bl. Josepn
Bridge b mds
3,182,000
Various
Various
Various
Various
1,000
1,000
Various
1868
General purposes, gold
Renewal
Park bonds, coupon, gold
r
765,000
100 Ac.
....
1871 to’73
1873
Renewal, Ac., bonds, gold, $ and £
1875
Renewal, Ac., bonus,gold $ ami £. coupon..
1874-’79
Renewal bds.,gold,$ and £ (part red’mable ’90)
1880
Bridge .approach bonds (gold)
1872
St. Louis County bonds assumedinsane Asylum
1867
Bonds X<
750,000
1872 to ’75 Various
1873 to’76 lOOO Ac.
1875
1,000
r> 000
1882
50 Ac.
1869
100 Ac,
1871
100 Ac
....
do
600.(HH)
Years.
$8,689,716
8,801,392
9,354,76 >
188 L
1882
0,526.463
—Population In 1870, 19,229
;
in 1880, 21,966.
$1,497,130
1,463 498
1,310,861
1,627,855
3,535
9,191
Paterson, N. J.—Finances are apparently in a sound oondition. The
assessed valuations, tax rate per $1,000, Ac., have been:
Years.
Real Estate.
Debt.
1878
$15,850,857
1-679
1880
“1881
1882
Personalty.
Tax Rate.
15,923,108
$3,255,059
3,246,501
16,398,608
3,544.517
16.935,278
17,746,040
1,275,000
1.259.500
3,637,837
1.261,000
3.76S.240
1880; 33,579 in 1870.
1.251.500
—Population, 51,031
in
$1,286,500
Philadelphia.—On Jan. 1, 1883, the debt was $67,468,316; floating
debt, $454,576. In the following table the assessed value of real estate
is
near
its cash value:
Years.
Real Estate.
$593,313,532
Personalty.
$4,755,000
577,548,328
9,439,769
526,539,972
8,069,892
529,169,382
7,498,452
535.8o6.744
7,863,385
8,795,700
545,608,570
do
do
1883 to 1905
>
$
1883 to 1905
1883 to 1904
N. Y„ Amer. Exob. Nat. Bk.
1886 to 1890
do
do
Mar. 1, 1902A’03
do
do
June 1,1888
do
do
1889-1891
New York.
July 1, 1888
1893 to ’98
Pittsburg, Treasurer.
do
do
1908
Pittsburg, Phila. A N. Y.
1884 to 1912
New York, B’k of America.
1913
1883 to '86
Philadelphia.
1884
Boston, Blackstone N. B’k. Nov.,1886,’87,’88
do
do
July, 1887
do
'
do
July 1, 1897
do
do
Sept. 1, 1907
Boston and Portland.
1883 to’95
do
June 1, 1887
....
7
7
6 A 7
7
10 A 6
10
371,595
4
4
5
6
7
263,125
8
J. A
M. A
J. A
J. A
A. A
M. A
J. N.
Y., Nat. Bk. Commerce.
S.
do
I).
J.
O'
N.
do
do
do
do
do
do
"
do
do
do
July 1,1887
Sept. 1, 1883
June, 1892
1889 to 1896
Various N. Y., Nat. B’k Commerce.
April 1,1905
May 1, 1895
1880 to'89
M. A N.
do
do
Various St. Joseph and New York.
J. A J. N. Y., Nat. B’k Commerce.
F. A A.
do
ao
Various N. Y., Kountzo Brothers.
Various
do
do
Various
do
do
Various
do
do
Various
do
do
Assessed valuations
of
property for 1883
are:
Nov., 1889
1880 to '89
1891
1901
1906 to 1912
1887
18*8
1883
1899
Full city
to
to
to
to
1911
1904
1903
1904
property,
$516,984,183; suburban properly, $35,447,307; farm property, $19,-
051,765; all the personal being classified with the full city property.
Tax rate, $18 50. Population, 1870, 674,022, against 847,170 in 1880.
Peoria, III.—Total debt, $673,500 in 1882.
Population, 29,259 in
1880; 22,849 in 1870; in 1883 (estimateJ), 40,000.
ISttsburg.—Assessed valuation in 1880: Real property, $85,744,990 ;
personal, only $2,516,540. Tax rate, 1880, 20 4 mills per$l. - Popu¬
lation, 156,389 in 1880; 86,076 in 1870.
Portland, Me.—The sinking fund and available assets March 31, 1883,
were $155,856.
The city is protected by mortgages on Atlantic A St.
Lawrence and Portland A Ogdensburg railroads. Population in
1879,
35,010, against 31,413 in 1870. and 26,341 in 1860. Population in
1880, 33,810; 1870, 31,413. The assessed valuations, tax rate, Ac.,
.
771,863
777,312
do
do
do
do
<iu
do
•
291.600
68,(HH)
Norwich, Conn.— The assessed valuations, tax rate, Ac., have been:
Real
Personal Rate of Tax
Total
Sinking
Years.
Estate.
Proi>erty. per $1,000. Debt. Funds, Ao.
$7,735,158
$3,725,846
$11
$765,664
8,184,815
3,273,074
763,277
7,794,678
3,039,564
7,435,413
3,057.099
—Population, 21,145 in 1880; 16,653 in 1870.
A
M. A
J. A
J. A
J. A
J. A
J. A
J. A
Philadelphia, by Treasurer. )
D.
S
Providenoe.
Sept., 1885
J.
do
Jan., 1893
J. Boston, Prov. and London.
g.
July, 1900
J. N. Y., N. City Bank, A Prov.
g.
July, 1900
J.
do
do
g*
July 1, 1906
g.
J. London, Morton, Rose A Co
July 1, 1*95
D.
4^
Providence.
.Tune 1, 1899
5
do
July 1,’99 A 1900
7
' J. A J.
do
1892
5
M. A 8.
Treasurv.
Sept. 1, 1883-’84
M. A N.
4*a
Boston and Providence.
May 1. 1885-’86
Various
4(3
do
do
1883-’89
6
J. A J.
Richmond, Treasurer.
J. A J.. 1883-1914
8
J. A J.
do
do
1886Al’i04-1909
5
J. A J.
do
do
July 1914-’15
7
J. A J.
N. Y., Union Trust Co.
1883 to 1903
7
F. A A. New York and Rochester.
Feb. 1, 1893
7
do
Various
do
1884 to 1902
7
J. A J.
N. Y., Union Trust Co.
Jan. 1, 1903
7
J. A J.
do
do
Jan. 1, 1905
4
F. A A.
do
do
Aug. 1, 1912
4 A 5
Hewi-au
City Treasury.
1884 to 1911
6
J. A J.
Boston.
1882 to 1899
6
F A A.
do
1891
6
M. A 8.
do
1902
3-65 A 4
On calL
City Treasury. A
6
Various N. Y., Nat. Bank Republic
1882 to’91
6
Various
do
do
1882 to 1906
6
do
Various
do
18S6 A ’87
6
do
Various
do
1882 to’83
6 g. F. A A.
do
do
Aug., 1898
6 g. Various
do
do
1887 to’95
^
6
Various
do
- do
1886 to’88
7
F. A A. N. Y., Nat.6B’k Oommoroe.
Feb. 1, 1885
6 g. J. A D. New York and St. Louis. June, 1887, A 90
6 g. A. A O. N. Y., Nat. B’k Commerce.
April 1, 1892
G g. M. A N.
July 1, 1894
6 g. Various
New York or London.
1891 to’94
6 g. M. A N.
do
do
Nov. 1, 1893
6 g. M. A N.
do
do
May 1, 1895
6 g. J. A J
do
do
1894 A 1899
5 g. Various
do
do
Jan. A June, 1900
6 g. J. A D. N. Y., Nat. B’k Commerce.
Dec. 10, 1892
4
19
20
m’nthly
J.
133,850
67,500
156,700
536,250
928,600
431,000
$19
6
500,000
850.000
The assessed valuations and tax rate
per $1,000 have been:
Real Estate.
Personalty. Tax Rate.
M. A N.
J. A J.
J. A J.
M. A 8.
6 g.
7 A 6 g.
6 g.
6 g-
1,900,000
tion in State taxes was about equal to reduction in tax
levy. (V. 33, p40. 244; V. 25, p. 51 ; V. 35, p. 2G5; V. 36, p 590; V. 37, p. 23.)
Norfolk, Va.
1879-302.
280,000
...,
....
•
6
6
6
5 A
6
6
5
5 A 6
5 A 6
5
5
l.(HK)
1,000
(
627,500
416.0(H)
1,200.000
1,193,500
1,000
Large.
Various
A J.
Various
J.
....
6
1,397.250
600,000
596,000
500,(HH)
2-0.000
....
Various
6 A 7
4 A 5
767.000
325,000
600,000
300,000
2,121,000
1,879,000
1,500,000
l(H)0Ac.
1009Ac.
1000Ac.
1000Ac.
£100
1000Ac.
do
Public improvement loan, registered
Prov. A .Springfield RR. bonus, guaranteed...
Brook Street District certificates
do
do
do
coupon
New High School Building certificates
1877 A '79
Richmond, Ya.—Bonds, reg;,($l 19,000 are coup.)
Bonds. ieg. and coup. ($167,000 are
coup.)...
1,281,000
2,178,600
....
1867 to’69
1872
1872 -
.
M. A N.
2,000
4*a
7
J. A D.
195,000
205,000 7,6g.A7g Various
100.000
7
J, A J.
7
4,282,500
A. A O.
6
300,000
J. A J.
....
’68,’69,’70
A J.
J.
A J.
A J.
A
4
do
Peoria A Rock Island Railroad
Pittsburg— Water exten. loan (coup, or reg.)....
Water loan, reg
Funded debt and other municipal bonds
Compromise railroad bonds (coup, and reg.)..
Bonds iuipr. Penn, av., Ac. (local assessment).
Bonds for overdue interest (temporary loan).
Portland, Me.—Loan to Atl. A St. Lawrence RR.
Loan to Portland A Rochester Railroad
do
do
do
do
Portland A Ogdensburg
J.
/.
J.
J.
4
7
81.500
.
.
6
6
6
G
Tax Rate.
$22 50
21
20
20
19
50
50
00
50
19 00
have been:
Years.
..
*
Real
Estate.
Personal
Rate of Tax
$19,825,800
Property,
$10,359,128
19,777.200
19.886,300
11,376.456
11,609.585
per
$1,000.
Debt.
Sinking
Funds. Ac.*
$25 00
$5,235,600
25 50
$225,710
4.688,100
4,620,500
4,545,500
92,356
23 50
20,28*,300
These do not
Total
12,354.455
21 50
include the sinking funds for railroad loans.
40,161
51,869
Providence, R. 7.—The principal debt of Providence has been created
since 1872 for water works, sewerage, new City Hall and Brook Street
Improvement. The sinking fund for bonds due in 1885. $676,021 1893,
$2.75.420; 1895-99, $390,274; 1899-1900, $51,753; 1900-6. $125,416;
Brook Street district. $75,465. Population. 1870,68,904; 1880,104,857.
The laws of Rhode Island now limit the debts of towns to 3 perct. of tlieir
assessed valuation. Ass’d valuations (true value), tax rate, Ac., have been:
Yearn.
1880....
—State
Real
Estate.
Personal
Tax per
Total
Assets in 8ink.
Funds. Ac
$86,341,100
Property.
$30,699,400
86,816,1<*0
28,765,600
14 00
10,475,550
88,012,100
27,908,900
1,237,008
87,788,000
10,202,688
28.413.800
13 50
14 00
14 50
1,359.142
1.397,558
$1,000.
Debt.
$14 50 $10,590,550
10,100,599
30.208.300
88,987.900
10,077,099
valuation, $168,547,726; city, $119,196,200.
$1,292,697
1,597,280
1
SECURITIES
OITY
nr
Subscribers will confer
a
great favor by giving immediate notice of any error discovered in tbese Tables.
Size
Date of
DESCRIPTION.
Bonds.
For explanations see notes on
187029.
081
Salem, Mass— City debt
Citydebt
Water loan
do
San Francisco— Bonds of 1858, coupon
Central Pacific Railroad, coupon
Western Pacific Railroad,
do
(gold)..
(gold)
do
Various.
1871
1868-9
1878
1858
1863 to ’64
1864
1865
1867
outstanding.
$100AC;
$154,500
1,000
300,000
100 Ac.
500,000
1,000
398,500
290,000
435,500
Ac.
&c.
Ac.
Ac.
&c.
Ac.
Ac.
Ac.
Ac.
Ac.
500 Ac.
500
500
500
500
500
500
500
500
500
500
284.000
165,000
246,000
817629.881
do
Judgment bonds,
School bonds
School bonds
Park improvement
do
1870
1874
1872 to ’75
1871 to’73
1874
1875 to’76
1873-74
1876
bonds
Hospital bonds
House of Correction bonds
City Hall construction
Montgomery Ave (special tax)
Dupont St. (special) (Act March 4, 187G)
Savannah, Qa.—New compromise bonds
Somerville, Mass—City debt
....
100 Ac.
Various.
....
Water loan
Large.
Large.
1,000
1,000
....
Springfield, Mass—City notes
City bonds
.■
Water loan ($200,000 are 6 per cents)
....
....
....
Railroad loan
Toledo, O— General fund city bonds, coup
Toledo & Woodville Railroad, coupon
Water works ($3,000 only Gs)
Short bonds, chargeable on special
1,000
....
Various.
....
1870
....
’73,’74A79
assessm’ts.
Various.
*
*
1,200,000
220,000772,000
432,000
*
400,000
1,968,400
325,000
459,300
70,000
receipts
62,386 in 1870; in 1882, estimated, 105,000.
Assessed valuation (60
of true value), rate of tax, Ac., have been
Personal
Real
Estate.
Property.
$42,658,350
$1,706,300
1,584,940
1,430,144
Years.
37,299,400
34.408,725
34,596,225
1,291,320
Tax per $1,000
in old Wards.
19-64
21-79533
23-86
24-67
28-61
Total
Debt.
$5,471,686
5,446,186
5,382,950
5,355,000
1,202.395
34,849,975
Richmond, Fa.—Real estate assessed, 1882, $28,946,828; personal
$12,689,534. Tax rate, $140. Population, 63,600 in 1880; 51,038 in ’70
Rockland, Me—Valuation of real and personal estate, 1882, $3,526,-
471. Tax rate,
1870.
$24
per
$1,000. Population, 7,599 in 1881; 7,074 in
St. Joseph. Mo.—Population in 1880, 32.431; in 1870. 19,565.
As¬
sessed valuation of real estate, 1880, $5,723,784. Personalty, $3,294,-
451; total $9,018,235.
Rate of tax, 1880, 32*2 mills.
6
6
5
6
7
7
7
7
gg.
g.
g.
g.
7 g.
6 g.
6 g.
6 g.
7 g6 g.
A
A
A
A
A
A
A
A. A
J. A
J A
J. A
M. A
J. A
Due.
Whom.
Pay’ble
J.
A.
J.
J.
A.
J.
M.
Principal—When
Payable, and by
1883 to 1892
City Treasury.
J. Boston, Merchants’ Bank.
Jan. 1, 1891
do
O.
do
Apl. 1,1883-1898
J.
do
do
July 1,1904
J. Ban F.AN.Y,, Laidlaw A Co.
Jan. 1, 1888
0.
Oct. 1, 1883
do
do
J.
do
do
July 1, 1894
do
N.
‘
do
May 1. 1895
O.
Oct. 1, 1887
do
do
D.
do
do
June 1,1882 to '90
do
J.
do
July 1, 1804
do
do
1897 A 1904
J.
do
N.
do
Nov. 1, 1891
do
do
J.
July 1, 1894
do
1899
do
-
7 g.
5
J.
A J. San.F.A N.Y.,LaidlawA
Q-F.
N
1896
Co.
Feb.
Y., Eugene Kelly A Co.
Various Boston. Nat.
In 1882 total
assessed valuation was $12,000,000.
In above statement of bonds the
amounts given include accrued interest to April 1, 1883. A compromise
of the debt was made in new 4 per cent bonds, which are given for the
full principal and interest of old bonds, and interest is pad on these only.
6 A 7
7
4*2 to 8
7-3
6 A 8
7 A 8
6 A 8
4, 5 A 6
4, 4*2, 5
5 A 6
4
A. A O.
do
do
1, 1909
1882 to 1896
1880 to 1906
1883 to 1889
Security Bank
do
do
335,000 5*2, 6,6V; Various
Various
138,000
4*2, 6
City Treasury.
Various Boston, First National B’k.
6
157,000
Rochester.—Total debt funded, $5,355,000 Jan., 1883.
The bonds of
Genesee Valley RR. loan, $148,000, are provided for by net
from a lease of said road to Erie Railway.
Population, 89,300 in 1880 ;
per ct.
Where
4, 5 A 6 Various
1,250,000 5 5*26 6
346.200
—
*
475,000
210,000
150,000
611,000
919,000
3,356,800
....
....
1883
'
1,000,000
....
Various.
Municipal bonds
Worcester, M.—City, ($531,000 c., $1,437,400 r.) 1861 to ’81 500 Ac.
1870 to’81 500 Ac.
Sewer debt (all registered)
1870 to ’76 500 Ac.
Water debt ($80,000 coup., $279,300 reg.)
Bonds
285,000
200,000
Rate.
When
1,579,000
....
1879
INTEREST.
Amount
or
par
Value.
first page of tables.
Judgment bonds, coupon (gold)
fVoL. XXXVII.
1883-1890
Apl. 1,’94, to 1905
A. A O.
do
do
Various N. YT., Imp. A Trad. N. Bk.
do
M. A N.
do
do
do
Various
do
Various
do
Various
Various C.Treas.ABost. Mclits.’ Bk.
do
do
Various
do
do
Various
A. A O.
Boston and Worcester.
1883 to 1893
1883 to 1909
May, 1900
1893, ’94 A ’99
1883 to’87
1883 to 1892
1883 to 1906
1899 to 1905
1885 to 1906
April 1, 1893
are $72,500 of 4 per cent bonds also held by sinking funds.
Population,
27,563 in 1880; 24,117 in 1870. Tax valuation, 1882, $25,528,242; tax
rate, $15 50.
San Francisco.—Population. 233,959 in 1880; 149,473, in 1870. The
Montgomery Avenue and Du 'ont Street bonds are special issues charge¬
able only on the assessment of property benefltted. The assessments for
four years and tax rate (per $100) are given below.
The large increase
in personalty in 18 80-81 was made by the arbitrary assessment of
persons making no sworn statements of their property.
Realty.
Personal tv.
Tax Rate
1878-79
$190,280,810
$54,196,550
$2 24
1879-80
166,429,845
199*3
51,057,229
1880 81
165,023,658
279,287,738
2 21
1881-82
66,598,521
1 15
155,834,879
In 1881-82 valuation, and tax rate are for city and county onto; 8tate
valuation was $168,301,669 real and $71,121,993 personal, and tax
rate. 65*2 cents.
Sinking funds raised annually amount to over $225,000, the amount
on hand June 30, 1882, being $1,020,212.
(V. 34, p. 550 ; V. 36, p.445.)
Savannah, Ga.—Default was made on interest Nov. 1, 1876, in conse¬
of yellow fever and non-collection of taxes. The compromise,
as reported in V. 26, p. 625, gave new 5 per cent bonds for the face of old
bonds ; and for interest up to Feb. 1, 1879, 58 per cent of the face value
quence
—(V. 32, p. 659.)
St. Louis.—Population by the United States census in 1870 was
310,864, against 350,518 in 1880. The city and county were merged
in similar bonds.
Assessed value of real estate and
have been as follows: In 1879, $10,100,000, $25;
faves
ollows:
the The
following
bonded
in debt
his report
at the
to close
April,of1882
fiscal
: The
liabilities
(April 10,
appear
1882) as
year
is
Somerville, Mass.—Total debt, January 1, 1883, $1,585,000; sinking
fund, $373,654.
Property valuation in 1882, $23,162,200. Tax rate,
$17 80.
Except $140,000 5s in $1,000 pieces, all bonds are in $2,000
to $50,000 pieces.
Population, 24,933 in 1880; 14,685 in 1870.
by law in 1877 and city assumed the county bonds.
The Comptroller
$22,417,000. A claim of the St. Louis Gaslight Company for gas fur^nishod. amounting m all to about $882,000, with interest to March 31,
1882, was decided against the city in 1880, but appealed. Assessed valu¬
ation of property and tax rate have been :
Real Estate ^-Rate of tax per $1,000.-x
New
Old
Bonded
and Personal
Years.
Property.
Limits.
Limits.
J
Debt.
1879
$164,399,470
$5 00
$17 50
$22,614,000
160,634,840
5 00
17 50
22,507,000
1881
22,417,000
167,336,600
5 00
17 50
191,720,500
5 00
17 50
22,311,000
St. Paul, Minn.—Population in 1870 was 22,300; in 1880, 41,498;
1883 the local estimate of population is 90,000. Assessed valuations
of taxable property and tax rate have been:
Personal
Rate of Tax
Sinking
• Total
Debt.
Funds, Ac.
Years.
Real Estate.
Property.
per $1,000.
22 mills.
$1,332,500' $551,755
$18,835,525 $6,340,493
18
“
567,642
1,327,200
18,993,545
5,452,871
13
“
616,000
1,356,444
5,491,026
17,300,486
“
15
656,000
1,519,310
5,942.503
17,300,766
“
21
1.959,910
30,000,000
10,000,000
—Valuation of real estate is about one-third of true value.
m
Salem, Mass.—The sinking fund January 1,1883, was $288,253.
tax rate each year
1880, $10,300,000,
$25; 18sl, $10,500,000, $25; 1882, $10,650,000, $30. Population in
1870, 28,235, against 30,709 in 1880 and 37,333 in 1882.
Springfield. Mass.—Total debt, Jan., 1883, $1,744,769;
cash assets,
$ 124,976. The railroad debt falls due $20,000 each year. Population in
1882, 35,000; 1870, 26,703. Tax valuation and rates have been:
Personal
Years.
1878
Real Estate.
$22,746,330
-
$6,637,845
22,211,230
7,230,094
•>
8,935,850
23,795,920
1882
9,198,258
25,084,420
—Valuation of real estate is about 67 per cent of true value.
1879
Tax rate
per $1,000.
property.
„
$11 00
12 00
12 50
12 50
.
1883, was $3,007,619. Of this the debt
payable by special assessments was $346,200, and the certificates of
indebtedness, $57,449. Taxable valuation of real estate, 1881, $19,597,530; personal, $6,315,940.
Total valuation, $25,913,460.
Tax
rate, $2 68 per $100. Valuation, 1882, $27,784,250; rate, $2150.
Population, 50.137 in 1880; 31,584 in 1870. (V. 30, p. 356.)
Worcester, Mass.—Total debt, January 1, 1883, $2,717,700. Cash
Toledo.—Total debt, January,
$445,197, including $355,890 in sinking fund.
Population.
58,291 in 1880, 41,105 in 1870. Tax valuation, 1880, $41,005,112; in
assets,
There 1881, $42,606,529; 1882, $45,504,512; tax rate, 174.
*
"7
RAILROAD
August, 1833. J
Subscribers will confer
'
For
a
DESCRIPTION.
explanation of column headings, Ac.,
on first page of tables.
Miles
see
note8
Date
of
of
Road. Bonds
233
296
Albany <£■ Susquehanna—Stock
1st mortgage
Albany City loan (sinking fund, 1 per ct. yearly).
2d mortgage
Consol, mort. (guar. D. A H. endorsed on bonds)..
Allegheny Valley— Stock
General mortgage (Riv. Div.)
Bonds to State Pa. (endorsed) 2d mort.. East ext.
1st mort., East’n Extern, guar, by Pa. RR
Funding income bonds, with traffic guarantee
Atchison Topeka d Santa Fe—Stock
1st mortgage, gold
Land grant mortgage, gold
Consol, bonds, gold
1882
1878
199
142
142
142
142
259
132
110
110
259
27
Amador Branch— 1st mortgage
Asheville <& Spartanburg—Stock
1st mortgage
Ashtabula <£• Pittsburg— 1st mortgage, coup, or reg..
Atchison Col. d• Pacific—1st mort., guar
Atchison Jewell Co. <£• Vest.—1st M., guar. C.B.U. P.
Par
Value.
100
1,000
1,000
1,000
1,000
1,000
100,000
1,000
62
229
34
....
....
....
....
....
....
27
66
....
148
134
....
....
....
44
31
It also controls the Cincinnati New Orleans
A
1,000
January 22,
1877.
1878
1879
1879
3*2
7
6
••
7
6 A 7
8,760,700
675,000
6
100
....
1869
1870
....
1880
1880
1880
1831
1872
1875
1878
1875
1878
1879
1879
1879
1877
1877
500 Ac.
500 Ac.
.
..;
1,000
1,000
1,000
1,000
1,000
1,000
....
1,000
1,000
1,000
1,000
1,000
4,996,000
6,450,000
412,000
854,000
200.000
1,633,000
1,942,200
532,000
798,000
713,000
500
120,000
1,000
310,000
Texas Pacific
Present companjr
Allegheny Valley.—Dec. 31,1882, owned from Pittsburg, to Oil City,Pa.,
132 miles; branches—Red Bank, Pa., to Driftwood, 110miles; others, 17
miles: total operated, 259 miles. Chartered April 4,1837. Road opened
through to Oil City (132 miles) Feb. 2, 1870. Low-Grade Div.,
542,000
56,913.200
7,041,000
2,915,500
103,500
1,123,000
3.669,000
Red Bank
to Driftwood (110 miles) opened May 4, 1874. The company became em¬
barrassed in 1874 and compromised with its creditors. It still falls short
of earning interest liabilities. The amount of income bonds authorized
is $10,000,000; these receive all revenue left after interest on
prior
liens, and any deficiency is made up by additional issues. The income
coupon receives what there is in cash and balance in bond scrip.
Of the
Income bonds the Pennsylvania RR., Northern Central and Philadelphia
& Erie hold $5,408,000, the interest on which is
paid altogether in
bond scrip; the bonds held by individuals are paid in cash and
scrip
conv. into inc. bonds.
(See annual report, V. 36, p. 622.) The earnings,
&c., for two years were as follows :
Years.
Pass. Mfleage. Freight Mileage. Gross Earnings. Net Earn’gs.
1881
17,292.869
127,615,267'
$2,169,786
$904,672
3882
19,141,989
153,860,833
2,356.698
886,603
—CV. 34, p. 434; V. 35, p. 404; V. 36. p. 399, 622.)
Amador Branch— Galt, Cal., to lone. Cal., 27 miles. Leased in
per¬
petuity from Jan. 1, 1877, to Central Pacific—rental $3,500 per month.
Stock, $675,0C0. Leland Stanfoid, President, San Francisco.
Asheville c6 Spartanburg— From Spartanburg, S. C., to
Asheville,
N. C., 67 miles, of which 49 miles, Spartanburg to
Hendersonville,
in operation. Formerly Spartanburg A
Asheville, sold m foreclosure
April, 1881, bought In by bondholders for $111,000, and reorganized on
above stock basis. Gross earnings in 1880-81, $38,693; net.
£2,169;
gross in 1881-82, $39,721; net, $670.
(V. 32, p. 17, 396; V. 36, p. 453.)
Ashtabula d. Pittsburg.—December 31, 1882, owned from
Youngstown,
©., to Astabula Harbor, O., 62-6 miles. Organized as Ashtabula Youngs¬
town & Pittsburg in 1870, and road opened May 1, 1873.
Pennsylvania
Company, as lessees, guaranteed bonds up to January 1, 1877. Default
July 1, 1878, and property sold August 21, 1878. Existing company
Bonds—Princa
When
Where
Payable
A.
J.
J.
J.
M.
A.
A.
A
A
A
A
A
A
A
Payable, and br
Whom.
A J. N. Y., Winslow, L. A Co.
Jan’ary Harrisburg, Treasury.
A. A 0. Philadelphia or London
A. A O. Pittsburg, Co.’s OlHce.
J. A J. N. Y., Cent. Pacific RR. 1
6
6
6
1*2
7 g.
7 g.
7g.
5 g-
5
4*2
6
7 g.
7 g.
7
7 g.
7 g.
7
7
7
7 g.
7 g.
pal, WheuDue"
Stocks— Last
Dividend.
0.
London.
April 1, 1907
J. N.Y.,Farmers’ L. A T. Co
Jan. 1, 1908
J. N. Y., B’k of Commerce.
July 2, 1883
J. N.Y.,Del. A Hud.Can.Co
July, 1888
N.
do
do
Nov., 1895-’97
0.
do
do
Oct., 1885
O.
do
do
April 1. 1906
7-30 J.
5
7
7
500,000
1,500,000
4,072,000
1,000
1,000
1,000
organized November 30, 1877. New company assumed Receiver’s cer¬
tificates and issued new bonds for $1,750,000. The lands were conveyed
in full settlement, to the holders of the $2,000,000 of Ala State bonds.
These lands (about 550,000 acres) are held by trustees. (V. 30, p. 117.)
The road and equipment have been thoroughly renewed. Capital stock—
Common, $7,830,000, and preferred 6 per cent, $1,750,000; funded debt,
$1,750,000, and Receiver’s certificates, $178,000 (of which $134,000 in
litigation, all valid certificates allowed by U. S. Court paid on presenta¬
tion).
Gross earnings in 1882, $856,757; net. $256,328. Gross in
1881, $789,376; net, $286,424. (V.34, p. 342; V. 36,p. 589.)
Albany d Susquehanna— Dec. 31, 1882, owned from Albany, N. Y., to
Binghamton, N.Y., 142 miles; branches—Quaker Street, N.Y., to Schen¬
ectady, 14 miles; Cobleskill, N. Y., to Cherry Valley, 21miies; operates
Lackawanna & Susquehanna Railroad, 22 miles; Ease Glenville to
Coons, 10 miles ; total operated, 209 miles. Cnarterea April 19,1851,
and road opened January 14, 1869. Steel rail, 178 miles. Leased
in perpetuity from Feb.. 1870, to Del. A Ilud. Canal Co.; rentals, 7 p. ct
on stock and interest on bonds.
Additions and betterments charged to
lessors, and cost made part of investment. In 1871 lessees built the Lack¬
awanna & Susquehanna RR. from Nineveh to their Pennsylvania coal
fields, and secured the joint use of the Jefferson RR. This opening
gave a large coal trattic to the road and to the other Delaware & Hud¬
son leased roads north from Albany to the Canada line.
The consoli¬
dated mortgage is for $10,000,000, of which $3,000,000 are 7 percents.
In 1883 some'counterfeits of the 2d
mortgage bonds of 1885 were
found and it was proposed to take up all that issue with consol, mortgage
bonds. Gross earnings as reported to State Engineer were in 1880-1,
$1,840,049; net, $638,974; in 1881-2, gross, $2,274,014; net, $S53,844.
—(V. 36, p. 250, 535.)
2,166,500
4,000,000
2,700,000
6
6 g-
1,050,000
Alabama Great Southern.—Dec. 31, 1882, owned from Wauhatchie,
Tenn., to Meridian, Miss., 290 miles; leased,Wauhatchie to Chattanooga,
6 miles; total operated, 296 miles.
The Alabama & Chattanooga
was opened
May 17, 1871.
Default made January 1, 1871, and
foreclosure
$7,500,000
1,679,000
3,500,000
998,000
10,000.000
100 Ac.
Railway Co. (lessee of the Cincinnati Southern Railway). The manage¬
ment of the company is the same as that of the Alabama Great
Southern RR.. Length of roads, when completed, 8G7 miles; add Ala.
Great Southern RR., 295 miles; entire system (when completed), 1,162
miles; of which, on .km. 1,1883, there remained to be finished about 250
miles. The preferred or “A” shares are £1,500,000, and the common, or
‘•B” shares £2,500,0o0. The debentures are redeemable any time at
'115, on six months’ notice. The company holds the following securities,
viz.: Cin. New Orleans & T. P. $1,532,000 stock; Vicksb. A Meridian,
$245,000 1st mort.. $105,000 2d mort., $416,500 3d mort., $1,464,300
pref. stock, and $363,000 com. stock; of Vicksburg Shreveport A Pacific
$3,692,000 1st mort., $1,931.000 incomes and $1,594,000 stock; of N. O.
& North Eastern $4,900,000 1st mort. and $4,320,000 stock.
(V. 33, p.
22; V. 34, p..573 V. 35, p. 515; V. 36, p. 169.)
under
xv
INTEREST OR DIVIDENDS.
Rate per
Cent.
1,000,000
1,708,000
6,000,000
50
1866
1870
1871
1874
1877
Amount
Outstanding
£20, Ao.
$1,000
Alabama Few Orleans Texas d Pacific Junction (Limited).—This is an
English corporation holding the controlling interest in the Vicksburg &
Meridian, 142 miles; Vicksb. Shrevep. & Pac., 181) miles; N. O. A North
Eastern, 200 miles; and Spanish Fort Railway, near New Orleans, 13
sold
or
48
470
.
road
BONDS
,
Size,
....
1863
1865
1865
1876
1,820
Bonds, gold (secured by mortgage bonds)
S. F. bonds for purchase of K. C. L. A S. K. stock.
Sinking fund bonds (secured by mort. bds.)
t.
Sink, furd bds. (secured by deposit of mort. bds.)
Wiohita A Southwest., 1st M., gold, guar
Kane. City Top. A West. 1st mort., gold
do
do
income bonds
Pueblo & Ark. Valley, 1st mort., gold, guar
do
do 1st (A 2d on 148 miles) guar..
Kansas City Emporia & S., 1st mort., guaij
Cow. Sum. A Ft. Scott, 1st mort., guar
Marion A McPherson, 1st mort., guar
Pleasant Hill A De Soto, 1st M., gold
JFloreiico El Dorado A W., 1st mortgage, gold
miles.
AND
great favor by giving immediate notice of any error discovered in tbese Tables.
Alabama N. 0. Texas £ Pacific June— Debentures..
Ala. Qt. Soulh’n.— 1st mortgage, eoupou
-
STOCKS
F. A A. Phil., Fid. I.T. AS.D.Co.
N. Y., Hanover N. Bk.
Q.-F.
Q.-F. N.Y.,Un Pac.RR offloe.
Boston, at Oilieo.
Q.—F.
J. A J. Boston, North Nat. Bk.
A. A O.
do
do
A. A 0.
do
do
A. A O. Boston, Boston Nat.B’k.
M. A S.
do
do
A. A O. Bost. S afe Dcp. A Tr. Co.
J. A D.
Boston.
J. A J. Boston, North Nat. Bk.
J. A J.
do
do
M. A 8. Boston, Boston Nat. B’k.
J. A J. Bost., N. Bk. of N. Am’a
J. A J.
do
do
J. A J. Boston, North Nat. Bk.
A. A O.
do
do
A. A O.
do
do
A. A 0. Boston, Everett N. Bk.
A. A O. Boston, Bk. of No. Am.
March 1,1896
100,000 y’rly.
April 1, 1910
Oct.
Jan.
1. 1894
1, 1907
Aug. 1, 1903
May 1, 1905
May 1, 1905
May 15. 1833
July, 1899
Oct. 1, 1909
1903
April 1, 1909
Sept. 1. 1920
Oct. 1, 1920
1, 1911
Dec.
July 1, 1902
July 1, 1905
Mar. 1, 1906
July 1, 1905
July 1, 1905
July 1, 1909
Oct. 1, 1909
Oct. 1, 1909
1907
July 1. 190 7
°rganized
September 25,1878, and it is leased by Penn. Co., which pays
net earnings to A. A P. The common stock is $958,491 and
preferred
stock $700,000.
Gross earning* in 1381, $317,012; net, $123,888;
1882, gross, $343,185; net, $112,298.
Atchison Colorado d Pacific.—Watorville, Kan., to Lonora,
Kan., 19 2
miles; Greonleaf, Kail., to Washington, Kau., 7 miles; Downs. Kan., to
Bull City, Kan., 23 miles; Yuma, Kan., to Talmago, 29 miles;
total,
252 miles. The road is an extension of the Union Pacific Central
Branch,
by which the bonds are guaranteed and the road is controlled, and
the whole system is virtually owned by Union Pacific, but
operated by
Mo. Pacific. Stock, $1,526,800.
Atchison Jewell Co. d West.—Jamestown, Kan., to Burr Oak, Kan.,
34 miles. Under same auspices and control as Atchison Colorado &
Pacific. Stock, $202,800, of which Union Pacific o >vns $105,000.
Atchison Topeka & Santa Fe.—Dec. 31, 1882,
mileage was as follows:
Main Line—Atchison to Kansas State line, 471 miles. Leased—Kansas
City to Topeka, 66 miles; Pleas’t Hill to Ced. Junc.,Ka., 45 miles; Em¬
poria to Howard, 76 miles; Florence to Douglas, 54 miles: Florence to
Ellin wood, 99 miles; Ilalsted to Sedgwick. 9 miles; Newton to
Wichita.,
27 miles; Wichita to Arkansas River, 69 miles;
Wellington*to Caldwell,
23 miles; Kan. State L. to 8. Pueblo, Col., 149 miles; Pueblo to Rockvale. Col., 37 miles; La Junta to N. Mex. State L., 96 miles; Col. St. L.
to San Marcial, N. M., 354 miles; Lamy to Santa Fe, 18 miles ; San Marcial to Dealing, N. M.. 128 miles: Rincon to Texas line, 58 miles; coal
roads, 15 miles; Los Vegas Hot Springs road, 6 miles; TexaR lino to El
Paso, 20 miles; total leased, 1,319 miles. Total operated directly, 1,820
miles. Owned jointly—Burlingame to Manhattan, 57 miles. The Kan.
City Lawr. & Southern Kansas,' 98 miles, was also acquired by purchase
of the stock in Sept., 1880, and the 5 per cent bonds due
Sept. 1, 1920,
issued therefor (V. 31, p. 559), with
sinking fund of 1 per cent a year.
The Kansas City Topeka A Western is leased, and the lessee
pays
interest on the Kansas City Topeka A West, bonds as rental. The 5 per
cent bonds were issued for stocks and bonds
purchased, and 4*2 per
cents for extension of the line to Doming and El Paso, and have the
6 per cent mortgage bonds of the Rio Grande Mexico A Pacific and
the Rio Grande A El Paso roads deposited as security for them. The
sinking fund is l^ per cent, rising to 3Uj by 1910. The 6 per cent sink¬
ing fund bonds of 1881, due 1911, are secured by mortgage bonds de¬
posited, as stated in V. 35, p. 373. They are redeemable by the sinking
fund at 105.
Such bonds as are held in the company’s treasury, or
leased line bonds held as collateral for any of its owu bonds
given
above, are not included in the above amounts outstanding.
The Sonora RR. in Mexico (262 miles) was purchased m March,
1882,
by giving one share of A. T. A S. F. stock for two shares of Sonora stock
or $200 in income bonds, and the Sonora
lstmortg. bonds wereguaranteed. (See V. 34, p. 315, 461.)
The Leavenworth Topeka A Southwestern RR. stock (four-fifths of it>
was acquired in
September, 1882, aud the bonds at 4 per cent guaran¬
teed; one-half by the At. Top. A S. Fe and one-half by the Union Paciiio
—(V. 35, p. 297.)
An agreement was made in Feb., 1880, with the St. L. A San Fran., for
the joint construction of aline to the Pacific, under name of Atlantic A
See Atlantic A Pacifio.
Pacific.
The annual report for 1882 was published iu the
Chronicle, V. 36,
p. 397 aud 451. Income, etc:, for four years were as follows:
1879.
1880.
’
1881.
1882.
Eamiings—
Passenger
$
1,353,231
4,883,435
144,777
$
1,786,001
6,499,981
Total gross earnings.. 6,381,443
Total operat’g expens. 2,963,128
Net earnings
3,418,315
Freight
Mail, express, Ac
$
2,970,608
$
3,662,576
270,094
9,051,623
562,278
10,537,201
573,528
8,556,976
4,371,287
12,584,509
8,063,326
14,773,305
4,182,689
4,521,183
8,662,756
6,110,549
INCOME ACCOUNT.
1879.
4,182,G89
60,034
120,148
229,837
230,781
*611,295
3,748,410
4,302.837
4,751,020
7,006,720
$
836,772
795,446
691,311
$
861,273
734,527
$
774,740
866.662
$
824.859
1,122,346
1,841,021
3,324,793
$
Net earnings
3,418,315
Pottawat’e land ae’et.
139,322
Rentals and interest..
Sundry credits
From U. S., Ac.
Total income
Disbursements—
Rentals paid
Interest on debt
Dividends
Rate of dividend
1880.
1881.
$
4,521,183
Receipts—
,
$
130,739
3
Sinkingfunds
Sundry debits
72.812
Miscellaneous
40,490
1882.
$
6,110,549
54,095
1,727,195
8^
-
35,125
6
6
132,030
4,494
170,525
486,334
Tot. disbursements g,43d,831
3,618,948
5,928,857
3,361,120
Balance, surplus
1,311,579
941,717
1,132,072
1,077,863
*
Suspeuded U. 8. Government and pool earnings for 1880 and 1831
not previously credited to income account.
RAILROAD
XVI
Subscribers will confer
a
explanation of column headings, Ac., see notes
on first page of tables.
Atch. Top. d S.Fe— (Continued.)—
Leavenworth Topeka A S. W.—lstmort., guar
New Mexico A So. Pacific—1st mortgage, gold
Sonora RR., 1st mort., gold, guar. ($20,000 p. m.)
Atlanta d Charlotte.—New pref. mort
Mortgage bonds
Income bonds, registered (not cumulative)
Atlanta d West Point—StocK
1
Debenture certificates for dividend
Atlantic d Pac. —lstmort. g..W. D.(s.f.) $25,000 p.m.
Income bds., non-cum’tive, ($18,750p.m.)
1st RR. & laud grant bonds on Central Division..
1st land giant bonds on Central Division
New let mort., road and lands. Central Div
New income bonds, Central Division
Atlantic d tit. Lawrence—Stock ($5,458,552 stg.)..
1st mort. to City of Portland (sinking fund)
2d mortgage, sterling, 5-20 years
3d
do
do
do
Augusta & Savannah—Stock
Austin d Northwestern (lex.)—1st mort
Bald Eagle Valley—Gen’l mort.,(s. f. $4,000 per yr.i
Baltimore d Ohio—Stock
Preferred stock
Loan due in 1880, extended
Loan, 1853
do
1870 .sterling, £800,000,
87
....
566
....
99
....
65
•
•
•
•
150
....
150
150
53
60
80
1,544
....
;
...
Bonds to State of Maryland
Sterling mortgage on Philadelphia Branch
Amount
Outstanding
Rate per
Cent.
Bond s—Princi •
DIVIDENDS.
When
Where Payable,
Whom.
Pay’ble
pal,When Due
and by
p
Slo ck8—Last
Dividend.
•
50
295
262
265 *g
265*9
sink, fund
Sterling mortgage, sinking fund
Purchase of Connellsv. RR’ (payable $40,000 y’ly)
Loan, ster., (s. f. £7,500) lien on Chic, line bonds .
Bonds on Parkersburg Branch
Northwestern Virginia. 3d mortgage, 1855-85
411
421
•
•
•
•
263
104
_
_
m
m
....
1882
$1,000
1878
1880
1877
1877
1880
1,000
....
1881
1880
1880
1871
-
.
•
.
1882
1882
m
m
m
m
....
1864
1871
....
1880
....
....
1853
1870
1855
1872
1874
1875
1877
1879
1855
1878
1883
$690,000
4,425,000
4,307,000
500,000
4,250.000
750,000
1,232,200
1,000
1,000
1,000
500
100
....
lOOOAc.
50 Ac.
500 Ae.
....
l,000Ac
50 Ac.
£100
....
£100
£100
100
1,000
100
100
....
....
....
....
£100
£200
....
£200
1,000
....
....
£200
Land sales in 1882,189,830 acres for $893,842, being an average of
$4 71 per acre; but canceled prior sales of 80,373 acres for $172,055.
Assets Dec. 31, $1,504,092 contracts and 1,582,099 acres yet unsold.
—(V. 34, p. 31,113, 175, 243, 315, 4 57, 461, 474, 573, 707 : V. 35, p.
21,205, 297, 339, 373, 456, 546, 702; V. 36, p. 251, 397, 399, 451,
559; V. 37, p. 22, 127.)
Atlanta d Charlotte Air-Line.—Dec. 31,1882, owned from Charlotte,
N. C.,to Atlanta, Ga., 209 miles. Successors of Richm. & Atl. Air-Line,
which was sold under foreclosure December 5, 1876, and the existing
corporation was formed February 27, 1877. On March 26, 1881, the
road was leased to the Richmond & Danville at a rental of $162,000
per year, equal to the interest on debt and 5 per cent on stock; if
gross earnings of A. A C. A. L. exceed $1,500,000, dividends to he 6
$2,500,000 7 per cent.
per cent ; and if they exceed
The line
forms the Southwestern Division of the Piedmont Air-Line (under
control of the Richmond
& Danville Railroad), exteudiug from
Richmond, Va., to Atlanta, Ga., 550 miles. Capital stock $1,700,000.
Total receipts in 1880, $951,688; expenses, $587,550; net, $364,137.
In 1881 (9 months), $744,618; net, $180,536. Two and one half per
cent paid on stock March, 1883. (V. 37, p. 48.)
Atlanta d West Point.—June 30, 1883, owned from East Point, Ga., to
WestPoint, Ga., 81 miles; leased, 6^ miles; total operated, 87*2 miles.
Tn April, 1881, a controlling interest in the stock was purchased by W.
M. Wadley and others for the Central Georgia, and a stock dividend of
100 per cent was afterward declared in debenture certificates. Gfoss
earnings in 1881-82, $430,010; net, $175,494; in 1882-83, gross, $406,192; net, $154,810. (V. 33, p. 224 ; V. 35, p. 160; V. 37. p..l27.)
Atlantic d Pacific.—(See Map, Page xvil.) The Western division is
from near Albuquerque, on Atchison Top. A Santa Fe to Big Colorado
River, 571 miles, where it meets the Southern Pacific. Also the Central
Div. finished from Seneca, Mo., to Tulsa in the Indian ler’y, 100 miles,
and in progress westward to a junction with the Western Division. The
Atchison Topeka & Santa Fe and the St. Louis A San Francisco
companies guarantee 25 per cent of the gross earnings over their
respective lines on business to and from this road, one year after its
completion, provided its own earnings are insufficient to pay coupons,
and the advances so made constitute a loan to be repaid by the A. A P.
with interest. The stock authorized is$100,000,000,andissued$51,510,000, mostly owned oy the Atchison Topeka & Santa Fe and the
St. Louis & San Francisco companies equally, and held in trust for
those two companies. In June, 1883, a syndicate took $10,000,000 at
15, with an option on $10,000,OoO more at 20. The stock is classed
thus: Western Div., common stock, $31,750,000; Cent, and Mo. divs.,
common stock, $8,360,300, pref.,$11,400,0.«0.
The old preferred stock
preference over the A. & P. Western Division stock. See state¬
36, p. 588.
The Southern Pacific built east to meet this road at the Colorado River,
and agreed to pay to the Atlantic & Pacific 25 per cent of its gross earn¬
ings on through business to and from the Atlantic * Pacific line, which
is to be applied to the payment of interest on the Atlantic & Pacific bonds,
the same as the 25 per cent from the At. Top. A S. Fe and the St Loan
A San Fran, companies. The land grant claimed under the old Atlantic
A Pacific charter of July, 1866, is 25,600 acres per mile in Territories
and 12,800 acres in States. The total land grant on the whole road, if
constructed as under the charter, would be 42,0n0.000 acres. The pro¬
ceeds of sales of the company’s lands are to be lodged with the trustee,
under the mortgage, and are applicable to the purchase an-l cancella¬
tion of the first mortgage bonds whenever they can bo obtained by
public advertisement at not .exceeding 110 and interest. The bonds
are not subject, otherwise, to be drawn or paid before maturity.
They
are receivable at par in payment for lands.
A map of the land grant
was published in the Chroniclk, V. 36, p. 468.
The annual report for
1882 was published at some length in the Chroniclk, V. 36, p. 588,
giving details of the balance sheet and the history of the financial
arrangements of the company. Officers of the company: H. C. Nutt,
President, Boston; E. F. Winslow, Vice President, New York; C. 8.
Tuckerman, Secretary and Treasurer, Boston.
(V. 34, p. 60. 113,175,
263,488, 573,707; V. 35, p. 50, 51. 235, 320. 430 431, 6>o3. 736,
737; V. 36, p. 18, 55, 107, 139, 339, 468, 526, 559, 588, 651, 674, 707,
731; V. 37, p. 22, 151.)
Atlantic d St. Lawrenee— June 30, 1882, owned from Portland. Me., to
Island Pond, Vt. (and branch), 151 miles, there connecting with Grand
Trunk of Canada, to which leased for 999 years, August 5, 1853, at
a rental equal to
bond interest and 6 per cent on stock. Tiie bonds
to City of Portland are now provided for by accummu'ations of sinking
fund. Gross earnings in 1881-82, $957,659; net, $119,843.
no
ment in V.
Augusta d Savayinah.—Sept. 1,1882, owned from Millen to Augusta,
Ga., 53 miles. Chartered as Burke County in 1838 and opened in 1854.
Leased to Central of Georgia for $73,000 per annum. Has no bonded
debt. The capital ($733,700) represents its cost. Dividends of 3*2 per
cent are paid June and Dec. each year. Has a considerable surplus fund.
Austin d Noi'thwestern.—lAwo. of road, Austin, Tex., to Burnet, Tex.
60 miles. Opened Jan. 1, 1882. Has a land grant of 600,000 acres.
Stock, $600,000.
Bald Eagle Valley—December 30, 1982, owned from Vail Station, Pa.,
to Lockliavcn,Pa.,‘51 miles; branch, Milesburg, Pa., to Bellefonte, Pa.,
[Vol. XXXvlL
INTEREST OR
Miles Date
Size, or
of
of
par
Road. Bonds Value.
....
r
Baltimore loan, 1855-’90, sink, fund
Sterling mortgage, sinking fund
has
BONDS.
great favor by giving Immediate notice of any error discovered In tbese Tables.
DESCRIPTION.
Ftjt
AND
STOCKS
*
4
7 g.
7 g.
7
7
6
3
6
6 g6
6
6
6
6
3
6
6 g.
6 g.
1,232,200
13,150,000
8,2 S7,000
1,189,500
796,629
312,000
78,000
5,484,000
*
787,000
1,499,916
712,932
733,700
420,000
392,000
3^
1,710.000
6
6
5
3
4
6
2.602,220
2,603,779
6
6 g.
1870-SO9
14,792,566
5,000,000
579.500
;
6
8.856,650
6 g.
720,000
6
5
3,000,000
6
6
6
140,000
366,000
12,000,000
.
J.
M.
J.
J.
8,120,878
7,744,000
A. A O Boston, Everett Nat.Bk. April 1. 1909
1910
J. A J.
Boston.
A. A O. N.Y. Central Trust Co.
April 1,1897
J. A J.
do
do
Jan. 1, 1907
A. A O.
do
do
April 1, 1900
J. A J. Atlanta, Ga., atTreas’y.
July 1, 1883
do
1891
J. A J.
do
J. A .L New York and Boston. July 1, 1910
A. A O.
Oct. 1, 1910
M. A N.
New York.
Nov. 1. 1891
do
At Mat.
Nov., 1901
M. A 8. N. Y., St. L.AS.F. Office March 1, 1922
J. A D.
June 1, 1922
M. A 8. London, Gr. Trunk Rw. Mar. 15, 1883
M. A N.
Nov. 2, 1888
A. A O. Tendon, Gr. Trunk Rw.
Oot. 1, 1884
M. A N.
do
do
May 1, 1891
J. A D.
June 4, 1883
Savannah.
c.
4*3
A
A
A
A
A. A
M. A
J. A
M. A
M. A
J. A
J. A
A. A
J. A
J. A
J. Phila.,F.Ins.Tr.AS.Dep.
N.
Baltimore, Office.
J. Balt., Merchants’ Bank.
J
Baltimore, Office.
O.
do
do
8.
London.
J.
Baltimore, Office.
8.
Loudon.
N. London, Speyer Bros.
J.
Baltimore, Office.
D. Lon..J. 8. Morgan A Co.
O Balt. AN.Y..D. M A Co.
J. Balt., Balt. AO. RR. Co.
do
do
J
IA. A O.
London.
Jan.
1,
i910
May 16. 1883
July, 1883
At wilL
1885
1895
1890
Moh. 1, 1902
1910
1883-1900
June 1, 1927
April 1, 1919
1885
July 1, 1888
April 1. 1933
2Lj miles; Snowshoe to Sugar Camp, 26'*g miles; total operated. 80
miles. Opened December 7. 1861, and leased to Pennsylvania Railroad
Company for 99 years. The branch is the property of the lessors.
Rental, 40 per oent of gross earnings, and in 1892 was $182,80 >; paid
interest, $25,000, and dividends (9 per cent), $76,504. In July, 1883, 5
per cent paid. Stock, $950,050.
The general mortgage, dated Jan. 1,
1880, provided for the replacement of the two series of bonds.
In
January, 1881, purchased the Bellefonte A Snow Shoe road for $300,000
in stock and merged with Bald Eagle Valley.
(V. 32, p. 99, 396.)
Baltimore d Ohio.—Mileage is as follows: Balt, to Wheeling (main)
370 miles; Branohes—To Locust Point 5, Camden cut-off 2. Junction to
Frederick City 3, Pt. of Rocks to Washington 43. Bridges 3; total own¬
ed, 426; branches leased—Hyattsville to Shepherd, Md. 13, Winchester
to Harper’s Ferry 32, Winchester to Strasburg 19, Strasburg to Harri¬
sonburg 49; total branohes leased, 113; total B.AO. main and branches
539: leased, controlled and operated—Relay House to Washington 31,
Grafton to Parkersb’g, W. Va., 104, Wheeling to Washington, Pa., 32.
Pittsburg to Cumberland,Md., 150, Berlin Branch RR 9, Mineral Point
to Johnstown 46, Weavert’n to Hagerstown, Md., 24, Harrisonburg to
Staunton 26, Broadford to Mt. Pleasant, Pa., 10, Connellsville to Uniontown, Pa., 13. Bellaire to Columbus, O., 137, Sandusky to Newark, O.,
116. Newark, O., to Shawnee, O., 44. Chicago Junction, O., to Illinois
Junction. III., 263; total leased, 1,065; total operated, 1,544.
The Baltimore
A Ohio direct bonds of
Branch are secured by deposit of mortgage on
1879
on
Parkersburg
that road. The sterltng
mortgage of 1883 is made to William F. Burns, John Gregg and T. Har¬
rison Garrett, trustees. The issue of bonds is for the purpose of con¬
structing a lateral road from a point on its main line from near Balti¬
more City to a point on the northern bouudary of Cecil County, \fd„ to
be known as the Philadelphia branch of the Balt. A Ohio RR. It will
connect with the Baltimore xfc Philadelphia Railroad now being built
through the State of Delaware, by way of Wilmington, and through the
State of Pennsylvania to Philadelphia.
An abstract of the last annual report is given in the Chroniclk, Vol.
35, p. 600, and contains the following remarks: “ It is shown by the
report of the Transportation Department that the tonnage of through
merchandise east and west has been 2,013,227 tons, whilst in the pre¬
ceding year it was 2.014,110 tons, and 1.980,397 tons in 1890. and L,425,629 tons in 1879. 607,038 barrels of flour and 8.313,240 bushels of grain
were brought, to Baltimore during the fiscal year.
Of this aggregate of
grain 6,586,814 bushels were of wheat and 591,719 bushels were of
corn. The large falling off in the transportation of grain as compared with
the preceding year arose from the general deficiency in the erops of
the country, and from the operations of speculators, whieh caused the
prices to advance to such figures as largely reduced the exports from
the United States to Great Britain, France, Germany, Belgium, the
Netherlands, Ao., and caused all countries consuming grain to seek it
elsewhere.
“The coal trade of the Main Stem shows an aggregate of 2,521,226'
tons, which includes 386.626 tons for the company’s supply. The ag¬
gregate of coal and coke transported, including all divisions, was 5,
647.016 tons, showing an increase for the year of 1.107,389 tons.” The
profit and loss account showed an increase for the year of $1,649,978,
against $1,697,038 in 1890-81. It will be seen by this account that the
nominal surplus fund, which represents invested capital derived from
net earnings, and which is not represented by either stock or bonds,
amounts to $ 13,907,658.
%
The gross and net earnings of the main stem and its branches and of
the other divisions, for the last fiscal year, as compared with 1880-81,
were as
follows:
,—Earnings, 1881-82—, /—Earnings, 1880-81.—*
Gross.
Net.
Net.
Gross.
$10,556,570 $1,572,944 $11,122,259 $4,846,615
Washington Branch...
354,356
221,254
353,570
193.533
Parkersburg Branoh
624,665
109,071
712,158
72,422
Central Ohio Division.
987,402
228,267
314,932
1,006,025
Erie
Division
Lake
940.769
234,701
112,373
899,791
Chicago Division
1,638.661
1,692,007
446,407
453,069
2,979,789 1,542,125
Pittsburg Division
2,500.5 48 1,124,473
Wheeling Pittsb. A B..
59,380
1.150
53,557
1,094
Newark S. & 8. RR....
188,937
177,304
41,548
13,078
Main Stem, Ao
..
....
$18,383,875 $7,454,662 $18,463,877 $7,073,398
Total
aggregate working expenses of the Main Stem, with all branohes
and divisions, were 59*44 per oent of the whole gross revenue, being
2*25 per cent less than the preceding year.
Dividends for 5 years, 1872-77, 10 porcont; for 1877-78, 7 4 per oent;
for 1878-79, 8 per oent; for 1879-80,9 per oent; since 1880, 10 per
The throe dividends from May, 1878, to May, 1879, inclusive,
oent.
were paid in stock.
Results of operating all lines owned and controlled
for the five years 1877-82 :
Gross Earnings.
Years.
Net Earnings.
Operating Expenses.
The
$7,769,301 = 56*44 p. O.
7,691,595=54*18 “
18,317,740
10.330,770=56-39
18,463,877
11,390,179=61-69 “
10,929.213=59-44 “
18,383.875
18S1-82
—(V. 34,
14.193.980
$13,765,279
p* 1*60,
“
116; V. 35, p. 130,430, 539, 600, 603; V.
$5,995,978
6.502,385
-
7,986,970
7.073.398
7,45 4,662
3G. p. 426.)
BONxDvSi.
ES'AATILONCKDD
1A8ug-3s.t,]
Subscribers will confer
a
explanation of column headings, Ac.,
on first page of tables.
Miles
of
see notes
Road.
do
.
Boston d Albany—Stock
Plain bonds, coupon or registered
Tx>an of 1875, coupon or registered
Bonds issued to State for its stock
Boston Barre d Gardner.—1st A 2d mortgages
3d mortgage (convertible into stock)
Boston Concord d Montreal—Old preferred stock...
Com. and new pf. stock (new pf. stock is $540,400)
or
$1,500,000
6 g.
J.
A J
1,000
3,000,000
6 g.
A.
2,000,000
J.
J.
F.
499,5(H)
745,000
6
7
6
8
6
6
6
1,200.000
7
475,000
600,000
20.000.000
5,000,000
2,000,000
3,858,0i0
7
A
A
A
A
A
A
A
A
A
A
59
22
373
1877
1,000
•
•
1,000
-
220,000
330,000
1,053,000
:
1,000
1,000
1,000,000
100
100
1872
1875
1,000
1,000
1882
38
ia
100 Ac.
1881
Bost.Uoosac Tun.d West.—1st
Boston d Lowell—Stock
Bonds
Rouds
Bonus
160
166
M.,g’ld ($25,000 p.m.)
1858
1873
1881
1881
■
100,000
800,000
1,000,000
624,000
100
100
100 Ac.
200 Ac.
.
...
Bonds
Lowell A Lawr., bonds
Salem A Lowell, bonds
Boston d Maine—Stock
1872
1875
1876
1879
..
Boston d N. r. Air-Line—Stock, pref.
1st mortgage
(guaranteed)
Jan.
1.
1902
1885
1887
Jan. 1, 1916
Nov. 1, 1907
July 2. 1883
Stockbridge, Treasurer.
June 30, 1883
Feb. 1, 1892
Boston, Office.
do
do
do
1. 1895
July
April 1, 1902
April 1. 1893
Worcester, City Nat. Bk.
do
1915
July, 1, 1910
Aug. 1, 1920
Oct. 1, 1896
do
1895
Boston, Offioe.
May 15, 1883
1889
1893
1911
1911
Boston, Office.
do
'
do
do
do
New York and London.
21-2
J.
999,500
500,000
750,000
620,000
200,000
226,900
7,000,000
3,500,000
2,970,000
500,000
7
do
do
April 1, 1892
M. A S.
do
do
March 1,1895
do
do
J. A J.
July 1, 1896
do
do
J. A J.
July 1, 1899
A. A O.
do
do
Oct. 1, 1897
do
do
A. A O.
Oct. l' 1898
M. A N,
Boston, at Office.
May 15, 1883
do
do
J. A J.
Jan.,1893 A94
A. A O. N,Y., N.Y. N.II.A H.Co. April 1, 1883
do
do
F. A A.
.
•
,,
m
*
.
•
-
•
#
1880
1,000
100
from Du Quoin to El Dorado, 52 miles, and leased to St. Louis Alton A
Terre Haute. Rental 30 per cent of gross up to $2,500 per mile, and
15 per cent on all above that amount. Rental received for 1S81.
Stock, $1,000,000.
Belleville d Southern Illinois.—I)cc. 31, 188 \ owned from Belleville,
Ill., to Duquoin, Ill., 56 miles. Chartered Feb. 15,1857; opened Dee. 15.
1873, and leased Get. 1. I860, to St. L. Alton A Terre Haute Railroad Co.
Leaso rental 40 per cent of gross earnings up to $7,000 per mile (except
on coal, Ac.) 30 per cent above $7,000 and up to $14,000 per mile, ami
20 per cent on any excess of $14,000 per mile.
Rental for 1880,
$147,344; for 1881, $146 66J; f«ir 1882, $167,990. Interest on bonds
and sinking fund $5,000 per year, guaranteed by lessees. Common
stock. $430,000; preferred 8 percent stock,$1,275,000. non-cumulativo.
Dividends on preferred stock have been: 33t May, 1883; 5*2 in 1882;
4*2 in 1881; 4bj in 1880; $1 05 in 1879; 62c. in 1878; 68c. in 1877: 65c.
in 1876; $1 80 in 1*75; $1 in 1873. Operated in connection with the
Belleville Branch of St. Louis Alton A Terre Haute Railroad, and Belle¬
ville & El Dorado Railrord.
llelvidere Delaware.—Doc. 31, 1882, owned from Trenton, N. J., to
Manunka Chunk, N. J., 67 miles; Miliham Cut-oil, 1 mile, Flemiugton
Chartered March 2, 1853.
and opened Nov. 3, 1865. Leased to United Companies, and transferred
to Pennsylvania Railroad March 7, 1876, by which operated as their
Belvidero Division, and net earnings paid over as rental; but the first,
second and third bonds arc. guaranteed.
In 1881 net earnings were
In 1882, net $506,455
Bennington t£- Rutland.—Deeem'wr 31. 1882, owned from
6
6 g.
July 1, 1911
April 1, 1911
3,792,000
•
Billeville d El Dorado.—An extension of Belleville A Southern Iliinois
$479,067, and interest payments $-'61,050.
interest, $263,022. Capital stock, $991,000.
A.
J.
O.
0.
J.
N.
J. A J.
A. A O.
J. A J.
6
Dividend.
Balt or London or N.Y.
O. Phi la., Penn. RR. Co.
Baltimore.
J.
N. Y. St. L A. A T. II.
J.
do
do
A.
N. Y., 37 Wall street.
O.
D. Philadelphia, Pa. RR.
8.
Philadelphia.
A. Philadelphia, Pa. RR.
J. Treasurer, Trenton,N.J.
N.
N.Y., Union Trust Co.
Q-J.
Q. -J.
F. A
J. A
A. A
A. A
J. A
M. A
Stocks—hunt
Whom.
500
•
wholly held by Penn. lilt. Co.
Railroad, 12 miles; total operated, 80 miles.
F.
J.
M.
pal,'When Due.
Payable, and by
(0
Baltimore d Potomac.—Dec.31, 1882, owned from Baltimore. Md., to
Bowie, Md., 24 miles; Bowie to Pope’s Creek, If) mi es: branch—Bowie
to Washington, 1). C., 17 miles; total operated, 90 miles, including
tunnel in City of Baltimore. The road is controlled by the Pennsyl¬
vania Railroad Co., and first mortgage bonds guaranteed by Pennsyl¬
vania and Northern Central. Capital stock, $11,59:1,250, Gross earnings
in
18*1, $906,432; expenses. $810,923; prolits, $125,508; inter¬
est, $272,318 ; deficit, $140,809. In 1882 gross earnings, $1,097,008;
net, $300,286; interest. Ac., $^72,452; profit, $53,833. Income bonds
$14,640; 1882, $22,200.
M.
6 A 7
500.000
100
500 Ac.
54
50
Bonds—Princi¬
1,000 -
1873-4
203
Bonds, coupon and registered
1,932,400
1.000
87
.
.
A.
lh
Where
Payable
J.
2
7
6
5
5
0
3
554,000
187-2930. 187-902.
Sinking fund bonds
!
Consolidated mortgage bonds (for $2,000,000)....
Improvement mortgage bonds
167
When
$1,000
1876
•
Rate per
Cent.
Outstanding
67
.
Amount
Par
Value.
64
64
)
Bennington d Rutland—1st mortgage
Berksh ire—Stock
Size,
500
500
J ,000
1*2
89
90
52
52
56
64
Belleville d South. III.— 1st M. (int. A s. f. guar.)
Belvidere Del.—1st mort. due 1877, extended, guar.
2d mortgage bonds of 1854 (guar, by C. A A.)
do
[Vol. XXXVII.
INTEREST OR DIVIDENDS.
Date
of
Bonds
1871
1871
1875
1830
1880
I860
1877
1854
1857
Baltimore d Potomac— 1st M (tunnel) gold, s. f. 1 p. c.
1st mort., road, gold, coupon, h. f. i per cent
2d mortgage, income, road and tunnel, reg
Belleville d El Dorado— Is t(int. guar. St.L.A. A T.H.)
2d mortgage
3d mortgage bonds of 1857 (
Consol, mortgage of 1876
BONDS,
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
AND
STOCKS
EAILEOAD
xviii
;
Rutland
to Bennington, Vt., 57 miles;
branch. North Bennington to New
York State Line, 2 miles; total, 59 miles.
Chartered as Western
Vermont in 1845, and completed in 1852.
Consolidated in Harlem
Since September 10, 1877, the Vermont division
extension in 1870.
(as above) operated by the re-organized Bennington A Rutland. Stock
A J.
Boston, at Office.
July 2, 1883
A. A O.
7
6
5
6
6
4
7
2
5
The annual report for 1382-3 said: “Were it not'for the accidents
which we were so unfortunate as to suffer at the commencement of the
running expenses would have been considerably lass, and our
earnings would, without doubt, have shown a material inorease
those,
of the preceding year.”
over
Of the sinking funds due. in 1889, there are. outstanding in the hands
year, our
net
of other
parties, $202,000, on which interest is paid, the. trustees holdiug
$303,000, and the corporation holding $116,000 on which no interest is
Fiscal year cuds March 31.
The earnings, expenses and available revenue
as follows:
paid.
for four years has been
Available
Revenue.
Gross
Expenses,
Years.
Miles.
Earnings.
Taxes, Ac.
1879-80
1880-81
1881-82
167
167
167
167
$678,123
$477,251
566,172
$200,871
669,157
233,745
222,544
1882-83
The old
797,556
902,906
920,195
211,383
697,651
preferred stock ($800,000) has received 3 per cent semi-annually,
a year.
Neither the new preferred nor the com¬
stock has received dividends.
(V. 33. p. 33 4: V. 3 4, p. 636; V. 36,
amounting to $48,000
mon
p.
560, 622, 675.)
Boston linosac Tunnel d Western.—Dec. 31, 1332. owned from Massa¬
chusetts State. Line, to Horfman's Ferry, N.Y., 62 miles, and Saratoga to
gehuylervillo Junction, N.Y., 26 miles
;
Projected line,
total, 88 miles.
Tunnel, Mass., to Buffalo. N. Y. The Continental Construction
(’«*. stepped work.
Suits were begun by opposing interests, and the
Attorney-General of New York State, begau a suit to annul the charter.
In March, 1883, all property ami rights west of Hoffman’s Ferry (10
miles west of Schenectady) were reported as sold to the N. Y. West
Shore A Buffalo for $ 190,090 cash and $700,000 stock of the N. Y. W.
S. A B.
In 1882 gross earnings $337,626; deficit, $1 1,002. (V. 35, p.
21. 51, 211, 265, 393 : V. 36, p. 29. 80, 28 4: V. 37, p. 151.)
Hoosae
Boston d Loicell—Sept. 30.1332, owned from Boston to Lowell (double
and steel), 27 miles; branches—Salem A Lowell, 17 miles; Lowell A
Lawrence, 12 miles; others, 19 miles; leased, Middlesex Central and
branch. 12 miles; total operated, 87 miles.
Chartered in 1830, and line
between Boston A Lowell opened in 1835. Tin* Lowell A Lawrence
and Salem A Lowell railroads, operated for some years under lease,
Boston A
Lowell
business was formerly done between the Boston A Lowell
Nashua a Lowell, but from December, 1878. they were under
separate
were
purchased and consolidated
in
1879,
the
assuming their bonds, which cannot be paid off before maturity. A joint
and the
$1,000,000 authorized (par $~>0). and $502,000 issued, and bonds $475,000.
In 1881 gross earnings $212,73 1; net $49,570; in 1882, gross
$222,963; net, $74,45 f. 3 per cent paid Jan. 12, 1883.
Berkshire.— Sept. 30, 1882, owned from Connecticut State Line to
W’est Stock bridge. Mass., 22 miles.
Leased in perpetuity to Housatouic
Railroad Company at 7 per cent on capital stock, $600,000. Lessors
pay taxes, Ac., and for this reason the quarterly dividend due iu October
managements until the B. A Lowell leased the N. A L. for 99 years from
Oct. 1, 1880; but the- lease was held invalid an l a joint arrangement was
is
133,690
564,269
15 4.808
3 45,105
675,3 45
-(V. 33, p. 225. 254, 35'7; V. 3 4, p. 8 5. 315, 520; V. 35, p. 160.)
usually omitted.
Boston 11
Alban;/.—Sept. 30, 1882, owned from Boston; Mass., to
Albany, N. Y., 202 miles; Springfield to Athol, 48 miles; numerous
branches, 48 miles; leased lines, 74 miles; total.operated, 369 miles.
The B. A A. was formed (Dee., 1867) by the consolidation of the Bust.
A Worcester and the Western railroads. The five per cent bonds of 1882
issued to the State of Massachusetts in exchange for 2 1.115 shares
of B. A A. stock held by the State.
In 188L and 1882 the loss in receipts
were
was
partly owing to the tierce competition between the trunk lines for
business between the seaboard
an
l the West, which reduced the rate on
through traffic to a very low point. The last annual report was in V'. 35.
p. 637. Results of operations tor five years were as follows :
Passenger
Freight (ton)
Gross
Net
Div.
Years. Miles.
Mileage.
Mileage.
Receipts.
Receipts.* p. ef
322 $101,221,955 $329,708,573 $6,633,53 4 $2,219,536
6
324
104.248.321
325,484,799
6.127,463
8
2.703,638
113,154.374 375,452,804
2,192.618
8
7,741,118
373 135,421,192 417.10*.612
7,875,285
2,186.873
s
369 151,255,032 347.317.338
2U'69.J8l
*
7,790,372
*
Net receipts include income from rents, Ac.
—(V. 33, p. 224, 467, 561. 71-4 ; V. 34, p. 488 ; V. 35, p. 235, 3 I 5,637 )
Boston Bai're d Gardner.—Hept. 30, 1882, owned from Worcester to
made.
Years.
1673--79
1379--60
13 60--81
1681--82
.
..
..
..
..
..
Gross
Net
Receipts.
Receipts.
Rentals.
Pav ments
Int A misc. Div. ,p.O
.
$1,196,962
$392,580
$67,598
$161,890
3
* 1,399,316
422.696
4.292
259,318
296,057
4
4
1.872,656
2,065,622
4*2
Poston d Maine—Sent. 30, 1882. owned from Boston. Mass., to.Portland,
Me., 115 miles; branches, 11 miles; leased—WakeJield to Danvers, 10
miles; Lowell to Baliardville, 10 miles : Bradford to Newburyport and
Danvers, 27 miles; West Amesbury to Newton, Mass., 4 miles; Dover,
N. 1L, to Alton Bay, N. II., 29 miles; total operated. 206 miles, less 3
miles leased.
In 'March. 1883, voted to lease the Eastern RR. of Massa¬
briefly under Eastern ; the lease will prob¬
ably be consummated after legislation, has been obtained. The Last
nxiual report was iu V'. 33, p. 636: .earnings, Ac., were as follows:
Outside Av’il’blo Div
Gross
Expenses
Net
chusetts on terms oh stated
Years.
Earnings.
A Taxes. Earnings. Receipts. Revenue, p c
$83,717 $825,091 6
$2 100,741 $1,359,367 $741,317
88,964
88 4,066 6
1,354.735
2,149,857
795,102
94.382 1,021,634 7bj
2.438,270
927,252
1.511,013
86.300
937,659 8
2,601,215
1,749,856
851.359
82,404 920,876 8
2,768,326
1,929,35 4
838,472
—(V.33, p 641 ; V. 35, p. 21, 574, 636; V. 36. p. 311. 365,
675.)
Winehemion, Mass., 37 miles.
Interest has been reduced to 5 per
Boston (f yew York Air-Line.—So pt. 30, 1832. owned from New Haven,
cent.
Gross receipts in 18 0-81. $174,688 ; net. $18,377.
In 13SL-2. j’onn., to Willimantie, Conn., 50 miles; leased Turnerville to Colchester,
gross receipts, $187,280; net, $18,8 )6. (V. 33, p. 200.)
I 4 miles; total operated, />4 miles.
Formerly the New Haven MiddleBoston Concord d Montreal.—March 30, 1 883. owned from Concord. | town A Willimantie. In 1879 a pooling agreement (for 99 years and 8
months from Feb. 1,1879) was made with the N. Y.New Haven A IlartN. II., to Wells River, N. II., 94 miles; branches—Wells River, N. II., to
Groveton Junction, 5L miles; Wing Road to ML Washington, 22 miles ; i ford RR, but a lease was made in Oct.. 1882, to the N. Y. N. H. A Hartf.
total operated, 167 miles. Chartered in 1844 and road opened in 1853. Co. for 99 years at 4 per cent dividends per year on* the pref. stock and
Purchased White Mountain Railroad (22 miles) in 1873, and built, the interest on the bonds; the common stock is $830,800. On tHe road, the
Mt. Washington Branch.(20 miles) in 187 4.
An extension of the White gross earnings were $305,111 in the year ending Sept. 30, 1882, and net'
Mountain Railroad from Litiloton to Groveton Junction is mortgaged. $172,154. (V. 35, p. 21, 73, 297, 320, 371, 404, 455,637; V. 36, p
Of the sinking fund bonds of 1889, only $202,000 are. held by outsiders
153.)
RAILROAD
Augebt, 1888. j
Subscribers will confer a
Miles
explanation of column headings, Ac., see notes
on first page of tables.
of
Road.
41
54
Brooklyn Elevated —1st mort., gold
Receivers’ certified, payable in cash or 1st M. bds.
Brooklyn d Montauk—Stock ($1,100,000 is pref.) ..
South Side, 1st mortgage
New mort. ($1,000,000). guar, by L. T.
Outstanding
$100
$4,000,000
*
RR., gold.
Bi'unswick d Western—1st mortg. (for $3,500,000).!
Buff.Brad.d Pitts.—Gen. M.,(incl. 10,000 ac. I’d)
Buffalo New York d Erie—Stock
I^irst mortgage
Buffalo N. T. d Philadelphia— Stock, common
Stock, preferred.
1st mortgage, gold
1.000
390.000
1,000
1,000
500,000
1,150,723
1,456,000
Too
85
54
85
171
26
142
140
1876
V21
121
205
Consol, 1st mortgage, gold
gold (secured by collaterals)..
Buff. Pitts. A \V„ M. bds (for $7,500,000 coup.)
do
1st mort. (W. A F. RR.)
do
1st M.(OilCr.RR.) renew’d, ’82..
do
1st mort. (Un. A Titusv. RR.)
2d mortgage (Pitts. T. A B.)
do
do
Oil City A Chic., 1st M., gold, guar
Buffalo d tiouthicestern —Stock (one-half of it pref.)
1st mortgage bonds, gold
Burh ngton C. Rap ills d Northern—Stock
1st mortgage
Iowa City & Western, 1st mortgage, gold, guar..
Cedar Rap. I. Falls "A N. W., 1st mort., gold, guar,
do
do
1st M. (2d on 55 m.), guar.
California d Nevada—1st mort. (for $5,000,000)...
120
61
67
67
_
114
114
114
2d mortgage, endorsed by Central Pacific
36 mort.. «rn:ir bv C. p. ($1 *000.000 are 2 n. e.)
580,000
100
950,000
2,380,000
3*2
7
6,000,000
1*2
500 Ac.
500 Ac.
3,000,000
1,000,000
1,000
7,000,000
6 g.
7 g.
6 g.
1,600
1,000
1,200,000
6 g.
4,003.000
o s7
Whom.
A N.
& J.
Boston, at Office.
do
A D. N.
do
Y., Marine Nat. Bk.
A J.
A S.
New York.
New York.
Slocks—Last
Dividend.
May 1,
July 1,
June 1,
Jan. 1,
Sept. 1,
1883
1893
1932
1932
1917
Mar. 1. i887
Mar. 1, 1911
Jan. 1, 1913
Jan. 1, 1896
June 1, 1883
Dec. 1, 1916
25,1883
July
Q.-M.. Buffalo, F.A M. Nat. Bk.
Dee.
1, 1896
1, 1908
7
0 S’
943,800
1877
1,000
1
!
100
100 Ac.
1,000
1,000
t
1.000
1,000
1,000
1,000
1867
1871
! 1875
Divi-
delids.
8
8
8
395,403
352,330
earnings in 1882, $00,133; net, $18,445. John J. Carter, Titusville, Pa.,
Cuba.— Sept. 30, 1882, owned from Eldrcd, Pa.,
to Bolivar- and Wellsville, N. Y., and branch to Richburg, and Cuba
to Little Genesee, 54 miles.
Stock, $48'’,000. Gross earnings in 188182, $153,04: ; net, $00,728. R. G. Taylor, President. There are also 2d
mortg. bonds for $00,000, t's, due 1885. V. 35, p. 700.
Brooklyn Elevated.—In progress. Receivers were appointed October)
1880, and a compromise effected March 1, 1881, by which reorganiza¬
tion was made and stock and bond scrip were assessed. There were
outstanding at that time $1,000,000 1st mort. bonds and $217,700 bond
All were
scrip; $1,852,880 engraved stock and $1,407,083 scrip stock.
assessed 20 per cent and Receiver's certificates and income bonds to
amount of about $350,000 issued for the assessments in certain propor¬
tions. Capital stock of new company was $4,000,000 authorized. There
was some failure in the plan, and in July, 1882, a new agreement was
entered into. Bee V. 35, p. 102.
(V. 33, p. 441; V. 34, p. 203, 200; V.
35, p. 102.)
Brooklyn d Montauk—(Southern ol L. I.)—Brooklyn to Eastport, L. I..
67 miles; branches to Fresh Pond Junction, 2 Hides; to Rockaway. 0
miles; total, 78 miles. This was first the South Side-Railroad of Long
Island, which was foreclosed Sept. 16, 1*74, and reorganized as tlx*
Southern of Long Island. On June 3, 1870, the property was again sold
in foreclosure of the second mortgage, find this company organized.
The preferred stock Lias a preference of 7 per cent, not cumulative. It
is leased to the Long Island Railroad for 50 years at 25 per cent of the
net earnings of the whole Long Island RR. system, including its leased
lines. No rental had been paid up to June, 1883, the lessee claiming to
have expended all the income on improvements. The new mortgage
for $1,000,000 is t*> take up the first and balance issued ior extension
to Moriches; it is guaranteed by L. I. RR. as to interest on $750,000,
and both principal and interest on the $250,000. (V. 32, p. 526.)
Brunswick d Western.—Owns from Brunswick to Albany, 171 miles,
and 83 miles projected to Columbus, Ga.
This was formerly the Bruns¬
wick A Albany,* and the present company has $3,500,000 pref. stock,
and $1,500,000 common.
Mr. Fred. Wolffe in New York and a syndi¬
An extension of
cate in Frankfort have taken most of the securities.
63 miles, Albany" to Chattanooga River, is proposed, on which $1,500,000
(.us,-, earnings in 1882, $290,474; net, $84,562.
bonds will be issued,
Buffalo Brad'ford d Pittsburg.Sept. 30, 1882,-owned from Carrollton,
and leased to New
per cent
on
out¬
Capital stock, $2,286,400.
Buffalo New York d Erie.—'Sept. 30, 1882, owned from Buffalo, N. Y.,
to Corning, N. Y., 142 miles.
A third rail for standard gauge rolling
a year.
stockhas bieu laid down. Leased in 1863 to tlx* New York A Erie for
400 years, and now operated by the New York Lake Erie A Western
Co. Rental, $238,100—viz., 7 per cent on stock and bonds and $5,000
for organization expense.
Dividends and interest paid directly by the
lessees.
Capital stock, $950,000, and funded debt, $2,380,000. Total,
representing cost of road, $3,330,000.
Buffalo New York d Philadelphia.—A consolidation in February, 1883,
of the Buffalo N. V. A Philadelphia, the Buffalo Pittsburg A Western
and Oil City A Chicago.
Mileage as pillows: Buffalo to Emporium, 121
miles; Bradford to Richburg, 39 miles; Clean to Bradford, 23 miles;
Larrabee to Clerm<»iP. 22 miles; Roehester to Clean, loti miles; Brad¬
ford to Kinzua., 28 miles; Buffalo to Oil City, 139 mites; Oil City to
Salamaixa, 97 miles; Newcastle to Stoneboro, 36 miles; Titusville to
Union City. 25 miles; Xuudu. to Swain's, 9 miles; brandies to coal
mines, 12 miles; total, 657 miles. Tin* consol, mort. is for $11,000,090,
of which .fL'KKMiau is lvservt d for prior liens, and it covers 205 miles
of new road aixl tlx* obi 121 miles, and 16.060 acres of coal land.-,
owned by the Buffalo Coal Co.
In October, lss2, tlx* trust bonds were,
issued secured 6\ $.>60,000 first mortgage bonds id the Rochester Ter
initial Co. and $7(M.ooo of me iir.-t mortgage bonds of the Clean A
Salamanca RR.—both to be leased to tix* Buffalo N. Y. A Phila. RR. < <>.
at a fixed iotita).
See Cm.oxuxi-: of (let.. 28, 1882. p. 47s and a<ivertisenx nt
la tye**mmexd.ng the e m-aiidation. the annual report «>i
tie Buffalo Pi t-«burg A Western for 1**2 -aid: ••Your board ree.oiume.nl
that i his agree cent be ratified by the stockholders oi the Buffalo Piiu-
....
D. N. Y., First Nat. Bank.
1,500,000
5,500,000
6,500,000
584,000
825,000
6 S’
I.
A
5
7 g.
6
J.
A D. N.
1,965,000
(0
2,250,000
5
6
7 S’
6 g.
3 A 6
1,600,000
3.000,000
500
i
Earnings.
$355,748
N. Y. to Gilesville, Pa., 26 miles.
Completed in 1866.
York Lake Erie A* Western tor 499 years. Rental. 7
June
J. N.Y.,Farm’s’ L.A Tr.Co.
A
J. A J.
N. Y., U. 8. Trust Co.
M. A N.
A. A O. N.Y.,Farm’rs’r>.ATr.Co.
F. A A. Phila., E.W.Clarke A Co.
A. A O.
Phila., Co.’s Office.
J. A J. Phila., E.W.Clarke A Co.
F. A A. Phila.. Maiiuf’rs’ N. Bk.
J. A J.
Philadelphia. '
7
924,000
1,600,000
1,000
Q.-M.
J.
6
500,000
500 Ac.
100 Ac.
Net Traffic
1,419,313
1,581,839
1,500,000
573,000
1,000
Notes outstanding September, 1882, $360,000, due iu 1882-3-4-6.
(V.
33, p. 561 ; V. 35,p. 544.)
Bradford Bordell d Kinzua (3-foot gauge)—Dec. 31, 1882, mileage
from Bradford, Pa., to Simpson, Pa., 15 miles; Kinzua Junction to Bordell, 3 miles; Rcw City.to Eldrcd, 12 miles; Simp-on to Smcthport, 11
miles; total, 41 miles. Stock is $.'00,000, par of shares, $100.
Gross
2,000,000
1,000
Boston d Providence—Sept. 30, 1882, owned from Boston, Mass., to
Providence, R. I., 44 miles; branches, 20 miles; leased, Attleborough to
North Attleborough, 4 miles; total operated, 08 miles.
Chartered
The company have valuable depot
properties in Boston. (Annuul report in t hronkxe, V. 35. p. 544.)
standing bonds, $40,600
pal,When Due.
Payable, and by
M. A S. N.Y., Corbin Bank’gCo.
M. A S.
do
do
J. A J. N.Y. Office, 35 Win. St.
J. A J. New York, Erie Office.
J. A D.
N. Y., Erie Railway.
J. A D
do
do
7
0 S’
6
7
250,000
1,000
f 45
369
1876
73 L 1879
55 j 1880
182 j 1881
i 1881
California Pacific—1st mortgage, gold
Bradford Eldrcd d
7
6
6
6 g.
Where
Payable
M.
J.
J.
J.
M.
4
750,000
1,000
1871
1878
1881
1882
1881
1865
1862
1870
1*76
1882
274
50
38
25
—
I'oss
When
2,000,000
500 Ac.
1,000
500 Ac.
1S67
1881
1883
Trust mort.,
G
Rate per
Cent.
13,000,000
2d mortgage
Earnings.
Amount
500,000
1873
1882
1881
1879
1881
.
Bonds —Princi¬
INTEREST OR DIVIDENDS.
Date
Size, or
Par
of
Bonds Value.
68
Boston d* Pi'ovidcnce—Stock
Bonds to purchase branches, coupon or registered
Bradford Bordell d Kinzua—1st mortgage.
Braafoi'd Eldrcd d Cuba— 1st mort
Years.
1879-80
1880-81
1881-82
BONDS.
great favor by giving Immediate notice of any error discovered in tbese Tables.
DESCRIPTION.
For
AND
STOCKS
M. A S.
A. A O.
A. A O.
J. A
J. A
J. A
J. A
July 1, 1921
1923
April 1, 1921
Feb. 1, 1896
Apr. 1, 1912
July 1, 1890
Feb.
1. 1896
1922
Jan., 1883
July 1, 1908
Y., Central Trust Co. June 1. 1906
do'
do
Sept. 1, 1909
do
do
Oct. 1, 1920
do
do
J.
New York.
J. N.Y.,Eugene Kelly A Co
J. N. Y., Nat’l Park Bank.
J. N. Y.,Cent. Pacific RR.
Oct.
1. 1921
1911
Jan.
Jan.
1, 1887
1, 1891
July, 1905*
burg A Western Railroad Co., because it will prevent competition in the
largest item of freight transported by either company—bituminous coal,
hi 1881, when the two systems were in competition, the Buffalo Pittsb.
A Western RR. Co. carried about 35 per cent of the total coal tonnage.
In 1882. when the two systems were under the same management, tho
tonnago was equally divided; and while the total tonnage increased 20
percent in 1*82 over 1881, the tonnage of the Buffalo Pittsburg &
Western RR. Co. has increased over 40 per cent in the same time. Bet¬
ter rates of freight have also been obtained.”
-(V. 32, p. 444; V. 33, p. 641, 686; V. 34, p. 263, 290; V. 35, p. 478
V. 36, p. 55, 169, 195, 251, 479, 559.)
Bu ffalo d Southwestern.—Sept. 30, 1882, owned from Buffalo to James¬
town, N. Y., 67 miles. Formerly the Buffalo A Jamestown; reorganized
in 1877 after foreclosure. In July, 1880, leased to New York Lake
Erie A Western for 99 rears—at 35 per cent of gross earnings, but
interest on bonds guaranteed.
First dividend Jan., 1883. (V. 33, p.
687; V. 34, p. 133 ; V. 35, p. 705.)
*
Burlington Cedar Ranids d Northern.—Dec. 31, 1882, owned from
Burlington, Iowa, to Albert Lea, Minn, (including 11 miles leased), 252
miles; branches—Linn, la., to Postville, la., 94 miles; Muscatine, la ,to
Riverside, la., 31 miles; Vinton, la., to Holland, la., 48 miles; Elmira,
la., to Montezuma, 83 miles; Clinton to Noel, 24 miles; leased. Holland
to Worthington, Minn
1*2 m.; total operated, 713 m. Organized as tho
Burlington Cedar Rapids & Mum., June 30, 1868, and main line opened
to Plymouth 219 miles, and branches, 149 miles, to end of Sept., 1873.
Defaulted Nov. 1, 1873. Property sold under foreclosure June 22, 1876,
and given up to the purchasers July 1,1876. Bonds of the Cedar Rapids
,
Iowa Falls A Northwestern road are endorsed (on the bonds); the 6 per
redeemable at 105 after Oct. 1, 1890. Of the 5 per cents
$825,000 are reserved to retire the 6 per cts. The company guarantees
the above bonds mentioned, and also guarantees $150,000 of Minneap. &
The annual report for T882 as published iu the CjironSt. Louis bonds.
ici.fi, V. 36, p. 477, said of the expenditures for new road and improve¬
ments since organization : “ The sum thus expended since the organiza¬
tion of the company to the close of the present fiscal year amounts in tho
cent bonds are
aggregate to $1,743,121.
While the stockholders, for
have n.it m-eived dividends upon
expended have provxled for them
other first-class lines in Iowa.”
reasons stated,
their stock, the surplus earnings thus
a
railway with equipment equal to
INCOME ACCOUNT.
1881.
1882.
earnings
Other receipts
$632,183
$917,001
59,190
78,057
Total income
Disbursements—
Interest on debt
Construction and improvement.
$691,376
$995,058
$424,562
198,270
$484,624
280,459
13,583
368,502
22,396
$916,874
$947,487
Receipts—
Net
..
Equipment
Other expenditures
Total disbursements
Balance
71,965
def. $225,498 sur. $47,571
p. 133,374,457,706; V. 36, p. 453, 477, 559.)
(V 34, p. 572; V. 35,
California d Nevada.—f fine projected from Emory Station, Oakland,
to Bodie, 250 miles.
Mortgage made to Central Trust Co. of New York
and John C. New as trustees.
E. M. Walker, President
California Pacific.—Deo. 31, 1882, owned from South Vallejo, Cal., to
Sacramento, Cal., 61 miles;
branches—Adelaide to. Calistoga, 35
miles;
Doer’s to Knight’s Landing, 19 miles; total operated, 113
miles. Consolidation (December 23, 1869) of California Pacific and
California Pacific
Extension companies.
Leased for twenty-nine
years, from July 1, 1.876, to Central Pacific.
Rental, $600,000 per
annum,
and three, fourths of net earnings when in excess of that
amount.
Capital stock, $12,000,000. Extension bonds of $3,500,000
and incomes of $1,000,000 were in default, and the new bonds of
1875, guaranteed by Central Pacific, were issued iu place thereof
California Southern.—This road from National City, Cal., to Colton,
Cal., 127 miles, was built by Boston capitalists as a connecting line
of the Atlantic & Pacific- trans-continental route, and opened to present
lermiuusin .September, 1882. Extension made to San Bernardino. 5
mih-s north of Colton. Mock, $3,300,000.
For $1,100 in cash each
-uiBserihe.r receiveii$l ,000 in bonds, $1,000 in stock and $100 in the
Sail Diego Land A Tow.-; Co. stock. (See V'. 32, p. 231 ; V. 33. p. 52,
l*5; V. 34, p. ;>7.e. V
6;>, p. 265, 266, 538.)
('(linden d Atlantic.—Dee. 31, 1882, owned from Camden, N. J., to
Absecon Inlet, 60 niiles; Penn Ave. to South Atlantic, 6 miles: Phil.
Marl. A: .Med. RR.; Haddonficld to Medford,--! 2 miles; total operated,
78 miles.
In Nov
l * -2. 4 p, et. paid on pref. stock,
Earnings and
expenses for three years past nav e been :
Years.
Profit.
Earnings.
Expenses.
18.*0
$-198,838
$371,626
$127.2 L9
—
.
.
,
1 881
1-882
373.864
512.880
139.0J6
550, 105
190,321
360,083
Preferred stock entitled - >> 7
e. if earned, and to us
high ns paid to com.
if more than 7, (V. 32, p. 395; V 3 E p. 343; V. 35, p. 130; V.30, p. 169.)
,
RAILROAD STOCKS
For
[VOL. XXXVIL
by giving immediate notice of any error discovered in these Tables.
Subscribers will confer a great favor
DESCRIPTION.
BONDS
AND
Miles
of
explanation of column headings, Ac., see notes
Roail.
on first page of tables.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Date
of
Bonds
Size, or
Amount
Par
Value.
Outstanding
When, Where Payable,
Whom.
Rate per
Cent.
pal,When Due
and by
Payable
Stocks—Last
Dividend.
.
132
77
00
California Southern— lstmort. ($25,000 per mile).
Camden <£ Atlantic—Stock ($880,650 of it prof.)—
1st mortgage (extended 20 years in 1878)
2d mortgage, extended in 1870
Consol, mortgage (thirty years)
Camden <& Burlington Co.—1st mortgage
.
31
401
25)1
291
Canada Southern—Stock
lstmort., interest guar, by N. Y. C. «v Hud. Riv..
2d mortgage...:
242
242
158
158
97
|
Cayuga <£■ Susouehanna—Stock
i
fund.'
Rapids A A[issouri River—Common stock
...
1853
1854
1881
1807
mortgage
mortgage
mortgage
Central Brandi Union Pacific—1st mort., gold
Funded interest bonds (coupons held in trust ).
2d mortgage (Government subsidy)
Central R. R. A Bank, Ga.—Stock
....
Certificates of debt (for dividend)
Central Iowa—1st mortgage
Debt certificates, issued for overdue, cor
..
1,258,050
490,000
497,000
225,000
1,000
1,000
1.000
500 See.
100
....
1878
1383
1,000
100
1880
1880
1880
93
r
,
34
01
I860
....
100
-
100
500 Ac.
500 Ac.
500 Ac.
70
58
MO
100
18(51
1803
18(50
18(5(5
1,875)
ioo
’00-7-8
714
020
100
1872
1 8 S1
18:)
1,000
1,000
1,000
1,000
-
1879
1880
100
500 Ac.
500 Ac.
from Camden,
N, J., to Mount
and July. (V. 30, p. 195.)
Canada Southern.—December 31,1882, owned from Victoria, Out., to
uary
Amlierstburg, Out., 229 miles; branch, St. Thomas, Out., to Courtright, Out., 03 miles; total (original line, all steel), 292 miles;
and miles absorbed on reorganization—Erie A Niagara, 31; Sarnia
Chatham A Erie, 7 ; Canada Southern Bridge A Ferry, 4; Toledo Canada
Southern & Detroit, 55, and Michigan Midland A Canada, 15; total of
all lines, original and acquired, 404 miles. Default was made, and a
reorganization forming the. existing company was completed iti 18.78.
Interest on the 1st mortgage issued by the company is guaranteed by the
New York Central Railroad Co. for 20 years; but the principal is not
guaranteed. In November. 1882, a close contract was made with the
Michigan Central to take effect Jan. 1, 1883, providing for the operation
of the Canada Southern by the. Michigan Central, also for the placing of
tlio total earnings of both roads in a common treasury, out of which is to
be paid, first, the operating expenses of both roads; second, the lived
charges of both; third, the division of the remainder between the two.
in the rate of two-thirds to the Michigan Central and one-third to the
Canada Southern; fourth, for tin* raising of $0,000,000 by a 2d mort.
the Canada Southern to double-track its line, to build a'bridge over
Niagara River, and for other extensions and improvements. The, state¬
ment for first six mouths of 1883 gave Canada Soul hern $313,000, out
of which dividend of 2 per cent paid Aug. 1. The income account for
on
follows ;
INCOME
ACCOUNT.
1880.
$3,705,079
Total gross earnings
1882.
1881
$3,309,200 $3,410,959
Net earnings
Other receipts
$1,299,339
77,901
$090,915
9,057
$819,780
12.010
Total income
1Disbursements—
Interest on debt
$1,377,240
$700,572
$831,790
$407,800
$078,025
$079,231
88,051
1,059
428,280
Discharge of balances,-old lines..
(28>)37 5,<>u0
Dividends
Miscellaneous.
30,301
Total disbursements
$080,290
$707,270$1,242,387
Balance
Sur. 134 858 Def. 00,701 Sur. 151.500
—V. 35, p. 155, 570, 037, 057, 737 ; V. 30, p. 311,300, 590, G 49. 707.)
Canadian Pacific.—(See. Map Page xxi,)—This company* was in¬
corporated in Fobruary, 1881, under a charter from the Dominion of
Canada. The company has an important contract in its charter, receiv¬
ing from the Government $25,009,090 in cash as a subsidy, also 25.000,-
of land, all fit for settlement, (of which 0,500,000 acres
already been sold), in consideration of the completion and
perpetual operation of the road.
The Government also conveys
to the company, free of all cost, 713 miles of road, viz., 435 miles'
from Winnipeg to Lake Superior and 05 miles from Winnipeg to
Emerson, already finished, and 2L8 miles now building from Port Moody
on tho Pacific coast to Kamloops, between the Rocky Mountains and
Cascade Mountains, to which point the company is building from Win¬
nipeg. The company also ae | aired 1 19 miles of rood and branches from
Montreal west to Callendur. at a cost ot $5,423,333, which is a lien on
000
havo
acres
A. A O.
0
0
J.
A
J.
P. A A.
F. A A.
J. A J.
0
J.
38j
38j
M. A N.
M. A N.
5 A 10
7
48)
7
7
1 L>
3 82
7
7
7
6
7 g.
0
4
7
0
7
7
A
A
A
A
A
do
do
do
do
Phila.. Penn. RR. Co.
N. Y., Grand Cen. Dep.
N. Y., Union Trust Co.
N. Y., 03 William St.
O. Montreal N.Y.nrT .ondnq
O. N.Y., Farmers’ll A T.Co.
J.
New York, Office.
do
do
O.
J.
o g.
0
1,300,000
in 1855.
....
A.
A.
J.
A.
2,200,000
209,850
029.000
Jan.
0
5
210,000
1,377,000
0,850,100
709,000
700,000
582,000
2,332,000
1,000,000
029,000
1,000,000
7,500,000
5.000,000
4,000,000
3,700,000
Boston.
J.
A
7 g-
5
2L»
5 g.
0 g.
589,110
J.
Camden, Co.’s Office.
J. A J. Phila., Farm. A M. B’k.
2
15,000,000
13.802,937
6,000,000
55.000,000
1,159,500
1.000,000
50
500 Sec.
500 Sec.
100
500 Ac.
500 Ae
Holly, 7 miles; total, 30 miles. Leased to Camden A Amboy Railroad
Co., and now operated by the Pennsylvania Railroad Company, lessees
of United Railroad & Canal Company’s lines.
Lease rental, $14,415,
being 6 per cent on stock and bonds, and $500 for organization expenses.
Capital stock $381,925 and funded debt $350,000. Dividends in Jan¬
Receipts-
350,000
2,250,000
’00-8-9
1870
1804
Camden & Burlington Coiinlg.— !)»•<*. 31, 1882, owned
N. J., to Pemberton, N. J., 23 miles; branch, Burlington,
three years was as
0
4 A 3
2,000,000
1,500,000
1,500,000
50
50
....
14
274
1,000
1,000
1,000
1881
93
93
Preferred stock, 7 per cent
1st
1st
1st
$3,300,000
50
2,700 000
Land mortgage bonds, gold
Carolina Central— 1st mortgage, gold, coup, or Teg.
2d mort., gold, income, reg., not cumulative
3dmort., gold, income, reg., not cumulative
Carson <C Colorado—1st mortgage
Caiaunssa—Common stock
j
New preferred stock
Old preferred stock
]
Chattel mortgage bonds
j
New mortgage
— j
Cedar Falls <£ Minn.—Bonds on 1st div., sink.
Bonds on 2d division, sinking fund
$1,000
....
1,730
Canadian Pacific—Stock
Cedar
1882
1, 1922
Nov., 1882
Jan.. 1893
Oct,, 1, 1904
July 1, 1911
'1897
Aug. 1, 1883
Jan. 1, 1908
Aug. 17,1883
Oct. 1, 1931
April 1, 1920
July 1, 1915
July 1, 1910
July, 1911
Philadelphia Co.’s office May 16, 1883
do
May 16, 1883
Various Phila., Phila.A Read.Co. 1888 to 1900
F. A A.
do
do‘
Feb. 1, 1900
j. A J. New York. 44 South st. July 1, 1883
A. A O. N. Y.,J. S. Kennedy A Co April 30, 1884
do
J. A J.
do
Jan. 2, 1907
Boston, Treasurer.
Q.-F.
F. A A.
F. A A. N.
F. A A.
do
do
Y., Nat’l Park Bank.
do
do
do
M. A N.
do
M. A N. N. Y.. 195 Broadway.
M. A N.
do
do
U.S. Treas., at maturity.
J. A D.
Savannah, Ga.
J. A J. N.Y. ,Nat.City Bk. A Sav.
.1. A J.
Savannah, Ga.
J. A J.
New York, Office.
A. A O.
do
do
-
....
Aug. 1, 1883
Aug. 1, 1883
Aug. 1, 1891
Aug. 1. 1894
May, 1916
May 1,
May 1,
1895
1895
1890/97, ’98
July 1, 1883
Jan.
1,
1893
1891
*
July 15. 1899
3
moo.
notice
Succeeded by existing company after foreclosure May 3, 1873.
Defaulted, and Receiver placed in possession April 5, 1870. Sold in fore¬
closure May 31, 1880, for $1,200,000.
In 1881-82, gross earnings,
$003,874; net, $72,812; in 1882-83, gross, $590,328; net, $108,471.
Wilmington Bridge bonds, $200,000, at 7 per cent, are guaranteed by
this company and interest paid. The stock of $1,200,000 is placed for
live years in the hands of the reorganization committee.
(V. 34, p. 343;
V. 3i5, p. 074; V. 37, p. i‘-8.)
Carson <£• Colorado.—I)ee.31, 1882. owned from Mound House Nov., to
Candelaria, Nev., 158 miles; Candelaria to Benton, 41 miles; total 199
miles. Stock ($(5,900,009 authorized) $2,250,000.
Gross earnings in
1881, $254,005; net, $1(50.108 ; gross in 1882, $442,254 ; net, $240,104.
If. M. Verington, President, Carson, Nev.
(V. 35, p. 430.)
Cedar Falls A Minn.—Dec. 31, 1882. owned from Waterloo, HI., to Minn.
State Line, 7(5 miles. Completed in 1870. Leased to Dub. & Sioux C. for 40
years from Jan. 1, 1807, at $1,500 per mile as a minimum and a con¬
tingent of 35 per cent of gross earnings from $3,500 to $7,500 per mile
and of 30 per center any excess over $7,500 per mile. The Dub. & S. 0.
(carrying this road) is leased to 111. Central till 1887, witn option to tho
renewing. Capital stock, $1,580,500. A sink, fund of 1 p. ct.
per annum is provided, and some of the above bonds are in the sink. fd.
Cedar Rapids iC Mo. River.—April 1, 1882, owned from Cedar Rapids,
hi., to Mo. ltiver (opp.Omaha). 272 miles; branch,'Clinton, la., to Lyons,
la., 2 miles; total operated, 274miles, of which 2(50 miles steel rails.
Chartered in 1855 and completed in 18(5(5.
Leased to and operated by
Chic, A N’west.
Rental, $700 of the lirst $1,500 of gross earnings per
mile; 33 Lj per'cent of next $3,099 per mile, and 20 per cent of any
excess over $1,500 pel* mile.
Gross earnings'year ending Moll. 31, 1883,
$3,177,192; gross earnings per mile, $11,55)5. The rental in 1882-83
was $85 1,(51(5 and disbursements, including dividends and interest, were
$''9(5,120. Tin* total balance to credit of income account March 31,
1883, was $"(3(5.09(5.
In 1880 purchased a majority of the Sioux City A
Pacific Railroad stack. (V. 30, p.589.)
Cent. Branch Union Pac. (Sec Map Pag© xlv).— June 1,1882, owned
from'Atehison, Kan., to Watcryille, Kan., 199 miles; leased Atch. Col. Sc
Pac. 252 mill's; Atch. J. Co. A W 34 miles;) total operated June 1,1882,
380 miles. The Un. Pac. Cent. Br. was formerly the At. Sc Pike’s P’k RR.,
and was one of the roads embraced in the act of Congress incorporating
the Union Pac.itic RR.
The stock is $1,090,000, of which the Union
Pacino holds about, $900,000. Tin*, company received a Government
subsidy of $1,000,000. Default on interest was made May 1, 1873, but
no foreclosure took place.
It is operated as a part of the Missouri Pacitio
system, under some arrangement with the Union Pacitio. Earnings in
1881 on whole line, $97(5.791; net, exclusive of taxes, Ac., $328,546.
in 1882 gross earnings were $1,014,04 4 ; net, $441,298.
Central of Georgia (<C- Bank).—Aug. 3i, 1882, owned from Savannah,
Ga., to Atlanta, Gu., 295 miles ;■-brunch, Gordon to Milledgevillo, 17
miles; leased -Augusta A Savannah, 53 miles; Eatouton Br. Railroad,
22 mill's; Southwestern Railroad ami branches, 343 miles; total opera¬
ted, 730 miles; also takes net results of 1,0 miles more operated by
separate companies.
In January, 1880, purchased the former
Savannah Sc Memphis road—Opelika to Goodwatcr, 00 * miles—for
$700,009.
In 1S8L the control of the Port
Royal Sc Aug.
was
bought; also a lease of theGcorgia Railroad for*99 vears was
lessee of
,
taken in the interest of this, company.
The certificates of debt were
issued, Jane, 1881, as a dividend to stockholders—$t0 per share to Cen¬
tral Georgia and $32 per share to Southwestern. The company owns a
large interest in
connecting lines and the Ocean
Steamship Co. of
Savannah. This company and tin*, Georgia Railroad Company are joint
owners of tin*, Western Railroad of Alabama, purchased at foreclosure
sale in April, 1875. The “tri-partite” bonds are issued jointly by this
441 miles of those roads. The road is to extend from Mont real to Port company, the Macon A Western and the Southwestern.
The animal report for the year ending August 31, 1S82, was in the
Moody on the Pacific co ist in Brit. Columbia, 2.990 miles,with branches
of 400 miles, in all 3,39(5 miles. The authorized stock is $1.00,000,000. Chronicle, V. 35, p. 091.
The income account has been as follows :
1889.
1881.
1882.
Tho company operated in June 1,704 miles, and on July 1, 1883, had
Total net income
the following lines completed and in progress:
$2,108,771
$2,147,241
$1,688,918
ComIn
-Pixel charges and dividends..
Com¬
In
1,457,851
1.398,821
1,972,708
pleted.
Montreal to Callcndar
Brehs. on Montr’l Div.
CallendTtoTh’nd’r B.
Branch—Sturg’u Riv.
to Algoma
ThundTB.to Winnipeg
102
40
pleted.
prog.
oio
Emerson
Stonewall
Pembina and Gretna
100
Winnipeg to Kamloops
Kaml’ps to PTt Moody
Branches
4'
..
05
118
709
prog.
....
559
218
435
Total mileage
1,824 1,482
mortgage on the road (except the lien'above mentioned of
$5,423,383 on441 miles) and the bonds are on the lands only. There are
deposited with t he government ns security $5,000,000 of th se bonds
and there are yet outstanding only t he above amounts, remaining after
cancellation of bonds from land sales. The company sold 0,152,000
acres of its lands for a net amount of about $17,300,000, mainly to
the Canada Northwest Land Co., from which a large amount falls due in
instalments. The bonds are receivable for lands and may be drawn and
paid off at 110. Dividends are paid on the stock at 5 per cent per an¬
See full description in tho Chronicle.
num.
V. 36, p. 108, 458, 509,
707; V. 37, p. 22, 127.)
Carolina Central.—March 31, 1883. owned from Wilmington, N. C.r, to
Shelby, N. C., 2 42 miles. Formerly Wilm. Char. & Rutherford, chartered
There is
no
Surplus.
$799,9 49
$089,399 Def..183,789
—(V. 34, p. 31, 177, 315, 5 48; V. 35, p. 455, 001 ; V. 30, p. 559.)
Central Iowa.—Dec. 31, 188*2. owned from Albia, la., to Northwood, la.,
15)0 miles; Muchakinock Branch, 2 miles; Griunell Sc Montezuma Br.,
14 miles; Sfoney City Br., 35 miles; Newberg branch, 27 miles; Bolmond brunch, 22 miles; total operated. 290 miles. Eastern Div., 124
miles, and Ill. Div., 90 miles, under construction. Chartered as Central
KR. of Iowa and-opened in 1871.
Defaulted and placed in hands of a
Receiver in 1873. Reorganized under present title. June
foreclosure sale under lirst mortgage July 18, 1877.
18, 1879, after
Tho stock is
$9,100,000 common; 1st prof., $907,000, and 2d prof., $1,107,800. First
pref. has prior right to 7 per et. (aon-eumulative); then 2d preferred en¬
titled to 7 percent; any surplus, afterpayment of 7 on ecu monstock, to
be divided pro rata between the three classes.
In tho report of 1882,
Pre>ident cate discusses the claim of the preferred stock, on tho
hi Dec., 1881, stockholders of this company.had the privilege
subscribing to the bonds of the Chic. Bail. & P. (extension line), and
received a bonus of Cent. Iowa stock, and in 1882 more new stock was
issued for new road acquired, Sea.
In 1382-83 extensions were made,
income,
of
and tho Peoria Sc
Farmington Road
acquired to make
a
lino from.
MAP OF TIIE
'
Southampton^
CANADIAN PACIFIC
k RAILWAY
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INS'
Doobaunt Z<
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'k
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S
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'IV'illaAon
c
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o
'%'K
H.B.Co.Post
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/
i
\
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or
L
L.House*
Door
/.<ke
lii'j L
/?<?<??“ z.
od
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h\
'v/tk6
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—l
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^nniw
STOCKS
RAILROAD
XXLL
Subscribers will confer a great favor
DESCRIPTION.
For explanation of column
on
headings, Ac., see notes
first page of tables.
AND
BONDS.
by giving immediate notice of any error discovered in these Tables.
Miles
of
Road.
Date
of
Bonds
or
Amount
Rate per
Cent.
par
Value.
Outstanding
$1,000
1,000
$1,475,000
1,’ 00,000
6 g6
2*2
....
341
74
(convertible Nov., 1875 to 1877)
Consolidated mortgage (for $25,000,000)
Bonds
....
97
Income bonds, reg.,(not cumulative)
Newark A New York, 1st mortgage
....
7
Lehigh A Wilkesbarre Coal Co., prior liens
1882
1882
....
Adjustment mort. (redeemable any time at par)..
....
100
18,563,200
1,000
5,000,000
7
1,000
1,000
4,400,000
7
7
7
....
1869
1872
1874
1878
1867
15.000,000
100 Ac.
500 Ac.
1,000
1875
do
do
Consol mold
L. AW. B. Coal Co., inc’me bds, rg. (not cum’lat’e)
Am. Dock A Imn.Co. new M. bds., guar. C. of N. J.
100 Ac.
.
1881
1878
1,000
100 Ac.
„
Central Ohio— Common stock
50
50
137
137
Preferred stock
1st mortgage bonds
1,000
Central Racine—Htock
1st mort., gold, (2 sinking funds, $50,000 each)..
California 8tate aid, gold (s. fund, $50,000)
lstm.8. Joaq’n Val. Bi\, gld (s.L $50,000)
U. 8. Loan, (2d lien on certain terms)
do
When
gold, (s. f. $25,000)...
Government lieu
Cal. A Oregon, 1st M., gold, guar., is. f. $100,000)
Cent. Pac., mortgage, oil C. A O. Branch
—
San Fran. O. A A., 1st M. (s. 1. $100,000)
Land grant mortgage bonds
Income bds.($6,000,000), skg.fd., 10 p.c.per ann’m
Charleston if savannah-1st M.. C. A 8., guar
Funded int. bonds, 8. A C. RR., guar, by 8. Car...
1st mortgage, Savannah A Charleston RR
2865
742
50
146
742
158
123
152
152
20
Charlotte Columbia if Augusta—1st mort. consol....
2d Mortgage
Char tiers— 1st mortgage
All.
101
....
101
191
191
23
100
....
1865-8
1864
1870
1,000
1,000
Wiiom.
Dividend.
A. A O.
A. A 0.
N. Y., Taintor A Holt.
do
do
New York, at ollice.
do
do
do
do
do
do
do
do do
do
April 1, 1912
April 1, 1912
April 10, 1876
6,080,000
2,624,000
1,970,000
6,000,000
2,080,000
.
1,000
1,000
1,000
j
|
1,000
687,000
5,949,000 i
1,000
3,285,000
500
100 Ac.
500
500 Ac.
Q.-J.
J.
3
3
I
1,000
505,000
111,800
500,000 !
2,000,000 i
500,000
1,000
500,000
!
6
3
6
7
6
6
6
6
6
6
8
6
8
6
7
7
1
7
7
F. A A.
M. A N.
M. A N.
6 A 7
7
7
5
7
6 A 7
25,885,000
1,000
Q.-J.
-
rr
1,500,000
....
1869
1869
1868
1872
1870
1870
1878
1853
1868
1869
1869
1872
1871
2,400,000
600,000
4,720,000
11,500,000
3,553,000
5,000,000
5,454,000
3,104,600
2,437,950
411,550
2,500,000
59,275,500
25,884,000
1,000
....
g.
g.
g.
g-
A. J.
Miscellaneous
Contract with W.,
July 1. 1899
May 1, 1908
1887
....
g.
g.
g.
g-
$
BBfiCE
621.)
1890
Nov., 1902
Q.-M. N. Y., Cent. RR. of N. J. June 1, 1900
M. A N.
do
do
May 1, 1888
do
J. A J.
do
July 1, 1921
M. A N. N. Y., Cent. RR. of N. J. May 1. 1903
Var.
Various dates.
J. A J. Balt., at B. & O. ollice.
July 31, 1883
do
J. A J.
do
July 31, 1883
M. A 8.
do
do
Sept., 1890
F. A A. N. Y. A San Francisco. Aug. 1, 1883
N. Y., Fisk A Hatch.
J. A J.
1895 to ’98
J. A J. Sacram’o State Treas.
July 1, 1884
N. Y., Fisk A Hatch.
A. A 0.
Oct. 1, 1900
U. S. Treasury.
J. A J.
1895 to ’98
N. Y„ Fisk A Hatch.
J. A J.
July 1, 4899
U. 8. Treasury.
1899
N. Y., Fisk A Hatch.
J. A J.
Jan. 1, 1888
J. A J.
New York A London.”
Jan. 1, 1892
J. A J. N. Y., Cent. Pac. Ollice. July 1, 1890
N.
A. A O.
Y., Fisk A Hatch.
Oct. 1, 1890
N. Y. and San Fran.
M. A N.
May 1, 1888
M. A 8. Charleston, 1st Nat. Bk. March 1, 1877
M. A 8.
New York.
Sept, 1, 1899
do
J. A J.
Jan. 1.' 1889
J. A J. N. Y., Nat. Park Bank. Jan. 1, 1895
A. A 0.
do
do
Jan. 1, 1910
A. A O.! Philadelphia, Penn R.R. Oct. 1, 1901
1880.
(See the annual report in Chronicle, V.
Gross earnings in 1881 were $1,001,366; net, $289,625; in
1882, gross, $1,209,109 ; net, $533,233. (V. 34, p. 230, 488, 5 47, 548,
687; V. 35, p. 103,188,266, 372, 455, 486, 705; V. 36, p. 399, 559, 621,
p.
Slocks—Last
Payable
Oskaloosa, la., to Peoria, I LI.
30,
Where payable, and by
pal,^When Due.
.
124
mortgage, gold, Eastern Division
1st rnort. on branches ($12,000 per mile)
Central of Nciv Jersey—Stock
Mortgage bonds
1st
Western Pacitie, 1st mort.,
Bonds— Princi¬
INTEREST OR DIVIDENDS.
Size,
Central Iowa— ( Continued)—
Car trusts
fVoL. XXXVII.
54,855
Far. A Co..
348,140
1881.
$
20,000
592,656
1882.
$
20,485
707,731.)
Total income.
10.809.829
8,492.116
9,573,736
of New Jersey—Dee. 31, 1882, owned from Jersey City, N. J.,
Disbursements—
$
$
$
t-o Phillipsburg, N. J., 73 miles; brunches, 30 miles; leased and operated,
Interest on debt
3,715,325
3.508,292
3,443,413
in New Jersey, 269 miles, and in Pennsylvania, 201 miles; total Dividends
3,406,530
3,556,530
3,556,530
operated, 573 miles. The princioal leased lines in Pennsylvania are Dividends per cent
(6)
(6)
(6)
the Lehigh A Susquehanna aud the Lehigh A Lackawanna, with
their branches. Ac. Under the lease of 1883 to Philadelphia A (Reading
Total disbursements
7,121,855
7,064,822
6,999,943
the minimum rental of Lehigh A Susquehanna is $1,414,400 per year
Balance,
2,573,793
surplus
1,370,261
3,745,007
and maximum $1,728,700 till 1888; then $1,885,800 till 1893, and
The company’s sinking funds amounted Jan. 1, 1883, to $5,844,417,
after that $2,043,000.
in February, 1877, the property was placed in
the hands of a receiver, and on April 1, 1877, default was made on of which about $5,251,000 was invested in the Southern Pacific bonds.
consolidated mortgage interest.
Reorganization followed.
Of the -(V. 35, p. 124, 213, 291. 313, 403, 105, 657; V. 36, p. 233, 251, 285,
$11,500,000 Lehigh & Wilkesbarre Coal bonds, $6,116,000 are held 35g, 509, 623 ; V. 37, p. 47.)
by Central of New Jersey and receive no interest till all other bonds
Charleston if* Savannah — June, 1882, pperated from Savannah, Ga.,
are satisfied.
The Lehigh A Wilkesbarre Coal Company’s stock is to Charleston, S. C., 1U4 miles; Ashley River branches, 4 miles; Charles¬
$8,700,000, and the company was taken out of receiver’s hands in March, ton J unction to Charleston. 7 miles; total, 115 miles.
Formerly the
1882.
(See report in V. 36, p. 706.)
The American Dock A Improve¬ Charleston A Savannah Railroad; reorganized in 1876 under name of
ment Co., which is virtually owned by the railroad eomnauv. issued a new Savannah A Charleston, and opened March, 1870.
Sold in foreclosure
mortgage in June, 1881, to retire the prior issue awd pay off the Central June 7, 1880. for $300,000. and turned over by C. P. Mitchell, Receiver,
of New Jersey floating debt; and the company reserves the right to pur¬ to the new company',
called the Charleston A Savannah Railroad,
chase these, bonds by lot at 110. The adjustment bonds arc1 payab e at
stock, $1,000,000. Earnings in 1880-1, $301,570; deficit, $11,310.
will. The income bonds receive ion* per rent in 6 per cent convertbde
learnings in 1881-82, $387,956; deficiency, $73,160. (V. 35, p, 291.)
scrip, and the bonds arc made convertible into stock alter 1885, beard
Charlotte Columbia <t- Augusta.— Sept. 30, 1882, owned from Charlotte,
per cent interest and run pus.lively till 1908. In May, 1883. the road
N. C., to Augusta, Ga., 191 miles.
In November, 1881, leased Atlantic
was taken out of receiver s hands, and from June 1, 1883. leased for 91*
Tennessee A Ohio Railroad, Charlotte to Statesville, 47 miles. Consoli¬
years to the Philadelphia A Reading RR. Co. at 6 per cent on stock and dation (July i), 1869) of the Charlotte A South Carolina and the Columbia
interest on bonds.
From 18.8 there, were no saiisi'uctory reports of
A Augusta.
The road has been under the control and management of
operations. In May, 1883, the board submitted the following statement the Richmond
A Danville since 1878.
Gross earnings in 18*0-81,
of earnings and expenses on all the lines operated :
$626,919; net, $211,990; in 1881-82 gross, $601,624; net, $181,993;
1881.
1882.
and the A. A T. in 1881^2 gross, $30,391; net, $14,585.
There
Gross earnings
$10,927,593
$11,312,290
are, in addition to the above, bonds, $189,500 of old Columbia A
6,152,795
0,221,225 Augusta
Operating expenses
bonds vet outstanding, due in 1890. Stock issued, $2,578,000.
Net earnings
$4,774,798
$5,0:0,071 -(V. 33. n. 736; V. 34, p, 59; V. 35, p. 372, 419, 736; V. 36, p. 251 ;
4,172,143
4,493.794 V. 37, p. 98.)
Interest, rentals, etc.
Chartiers*—Dec. 31, 1882, owned from Mansfield, Pa., to Washington
Surplus
$602,655
$597,276 Pa., 23 miles. Chartered as C. Valley m 18.43 and opened in 1856.
Sold under foreclosure, and reorganized in 1871.
Leased for 99 years
Increased fixed charges for 1882 over 1881 were maiiUy for payment
from
1, 1872, to the Pittsburg Cincinnati A St. Louis; the
of interest on Americun Dock & Improvement Co
bonds funded in rentalJanuary
is net earnings. Gross earnings in 1882, $120,022; net income,
1881. As against surplus shown, there are the following charges: Paid
$36,818; in 1881, gross earnings, $110,031; net income, $38,218.
car trusts, construction, taxes, etc., 1381, $535,289; 1882. $638,349.
Interest on income bonds is not charged.
(See also the Master's report Capital stock, $647,850. (V. 32, p. 498.)
Chesapeake if* Ohio.- - April, 1883, owned from Newport News, Va., to
Chronicle, liu V. 36. p. 623.) (V. 34, p. 145, 189, 203, 230, 263, 290,
315, 434, 459, 487 488, 521, 574, 603 ; V. 35. p. 130, 213.235, 372, 601; Big Sandy River, W. Va., 504 miles; Newport News to Phoebus, 8 miles;
V. 36, p. 169, 312, 365. 527, 535, 574, 590, 623, 054, 707; V. 37, p. 22, total operated, 512miles. Consolidation of Virginia Central and Coving¬
ton A Ohio, and opened through March 1, 1873.
The old company de48, 98.)
laultedin 1873 and the road was sold under foreclosure April 2, f878>
Central Ohio.—Dec. 31,1882, owned from Bellaire, O., to Columbus, O., and reorganized under present auspices. The Eliz. Lexiugton A Big
137 miles. Chartered in 1847 and opened in 1854.
Reorganized in Sandy Railroad connects on the west with the Chesapeake Ohio A
1865. Leased to the Baltimore A Ohio, for 20 years. Now 11. Is66; Southwestern, and the Kentucky Central road is controlled in the same
rental, 35 per cent of gross earnings. Feb. 23, 1*80, the lease was interest.
The stocks outstanding were as follows to Jan. 1,1883; Common,
extended to Dec. 1, 1926, with the option of renewing for terms"of 20
years perpetually. In 1880-81 gross earnings $1,006,025 ; net. $228,267 ; $15,334,513; preferred stock—lirst, $7,806,138; second. $8,562,632. The
B” bonds take interest in 1882-83 4 percent cash and 2 p. ct. in stock,
lease rental, $352,108.
In 1881-82 gross earnings, $987,101; net,
$314,932; rental, $315,590. The road between Newark A Columbus and thereafter all cash. The second mortgage currency bonds till July,
(33 miles) is owned jointly with the Pittsburg Cincinnati A St. Louis 1884, take interest in second preferred stock, then for two years partly
in that stock and partly cash, and afterwards all cash, if the earnings
RR. Co.
(V. 34, p. 488.)
are sutliciont but “ all interest not paid in cash to be paid in second
Central Pacific—Dec. 31, 3 882, owned from San Francisco, Cal., to
preferred stock.” The cash interest charge in 1883 is $981,000, The
Ogden, Utah, 883 miles, and auxiliary lines, 332; total, 1,215 miles; mortgage bonds of 1882 for $3,000,000 are secured on road from New¬
operated under lease or contract—the Southern Pacific in California, port News to old Pt. Comfort, Va., and terminal works; .and ou a branch
Arizona aud New Mexico, 1,114; California Pacific. 1.15, and others,- to be
built in West Va. from Scary Creek to the Ohio River. First prof,
731; total, 1,960 mites; total length of road operated and accounted for i stock lias prior right to 7 per cent from surplus; then 2d pref. to
Jan. 1,1883, 3,173 miles. The Galveston Harrisburg A San Antonio was j receive 6
per cent; both classes precede, the common.
The dies. A O.
given lip in February, 1883, leaving t he miles operated 2,8.6.
guarantees $7oo.O0o bonds for a grain elevator, but in case of paying
This was a consolidation (August 22, l*70) of the Central I’acilie, j tuo.ni will obtain the elevator.
California A Oregon, San Francisco A Oakland. San Francisco A Alameda |
Prior to 1 -*82 there had been very large extraordinary expenses charged
and San Joaquin Valley railroads. In connection with the Union Pacific, ! to
operating, which reduced tile, net .earnings. Earnings and expenses
Central
,
“
continuous line from San Francisco, Cal., to
j
the Central Pacitie forms
a
Council Bluffs. Ia.. (1,918
miles), and there connects with the lines east-j
were as follows, in 1881 and 1882 :
Years.
Gross Earnings.
ward.
1881.:
$2,705,343
In late years an important feature of the Central Pacific status is the ! 1*>82
3.334.976
short lease of the Southern Pacific in California, Arizona,'Ac., at a fixed I
(V. 34. p. 85; 264, 292, 343, 547. 518,
rental. The auuual report for 1882 was in the Chronicle, V. 37. p. 47,
657, 705; V. 36, p. 221, 251, 364, 560.)
.
—
giving full account of the operations, a statement of the leased lines
earnings, the terms of agreement with them, Ac., Ac.
INCOME ACCOUNT
1880.
Total gross
earnings
Receipts—
Net earnings
Interest on sinking funds
Land grant bonds redeemed...
$20,508,113
$
7,634,504
254,617
20o,o00
1881.
1882.
$21,091,100
$25,662,757
$
9,514.673
262,500
420,000
$
8,560.991
281,260
711,000
Qn’g Expenses. Net Earn’gs.
$2,207,403
$437,940
2.302,448
1,032,528
636 ; V, 35, p. 182. 313, 404,
Chesapeake Ohio if Southwestern.—Jan., 1883, owned from Louisville,
Ky., via Paducah to Memphis, 'LVnn., 398 miles. This road forms the
western connection of the Chesapeake A Ohio aud the Lexington A Big
Sandy and the Hunting-ton system of roads when finished will reach.from
Ches Bay to Memphis, and from Louisville to Memphis. The company
purchased the Memphis Paducah A Northerm-Paducah to Memphis—
and the Paducah A Elizabethtown, subject to the $500,000 mortgage on
the latter, and leased the Ceciiian Branch of Louisville A Nashville,
from Louisville to .Ceciiian Junction, with option of purchasing it*
...
;
-
fi
’-KiC
RAILROAD
August, 1883. J
Subscribers will confer
a
Miles
Date
of
of
Road. Bonds
explanation of column headings, Ao., see notes
on tirst page of tables.
Chesapeake £ Ohio—Purch.
1st mortgage, gold, “A”.
do
do
money
funding bonds...
428
503
428
428
“B”
75
....
Ches. Ohio (£ Southicest.— 1st M., gold {-{>19,000 p. in.)
2d mortgage ($11,000 per mile)
Padncali & Elizabethtown, 1st mortgage
390
390
180
04
Cheshire—Stock, preferred
Bonds, not mortgage
-
Chicago <£ Alton—Common stock
Preferred st’ek (7 p. c. y’rly not cumulative)
General mortgage, sterling, for £900,000
1st
38
*
••mm
....
150
37
37
150
101
101
2d mortgage
Mo., 1st M. ($139,100 assumed by C. A A.)
do
2d wort. (int. guar. C. & A.)
do
guar. pref. stock
Bonds for K.C.St.L.A C. line, s.f. $00,000
Preferred stock do
guar. C. ec A
Common stock
do
C. A A. bonds on Miss. Riv. Bridge, 1st inert., gold
or
PaiValue.
1878
1878
loo Ac.
1881
1882
1,000
188 L
l.ooo
1,000
1881
1877
1,000
1,000
4,379,850
1803
1,000
2,383,000
1,500,000
1,293,000
1,034,000
2,305,000
504,000
188,000
300,000
1,854,000
300,000
202,100
2,805,000
1,750,000
100
....
,
....
.
....
....
1804
1804
1868
1808
1870
1877
m
.
1,000
1,000
1,000
1,000
1,000
1,000
100
1,000
100
....
....
1877
1880
1,000
1,000
100
1873
1879
188 L
1881
1883
Branches of 50 miles
1,000
1,000
1,000
1,000
1,000
are also
the other preferred stock
is $1,010,000 and common stock
The Kansas City St.
(See its report in V. 30, p. 5)5.)
Louis A Chicago is leased to the Chicago w Alton company in perpetuity
from Nov. 1, 1877. at a rental of 3.3 per cent of gross earnings, less taxes
and assessments. The omuls are held bv U. 8. Trust Co. as security for
the C. A a. bonds of 1878 issued to build this road, and a sinking fund of
$00,000 per annum provided for their redemption. Should the 35 per
than sufficient to pay bond interest and 7 per cent on
the stock, the excess is to go to the lessees. The Mississippi River Bridge
is leased in perpetuity from December 3, 1877, at a rental of $03,000, to
be applied in payment of 7 per cent bn $200,000 stock* and 0 per cent on
$700,000 bonds. To stockholders of record Nov. 15, 1882, ten per cent
in new stoek was sold at par, the proceeds going to the redemption of
Preferred stock has prior right to a non-eumulative divi¬
bonds.
dend not exceeding 7 per ct. from net earnings, and (after payment of 7
on com.) also shares with com. in any surplus. Prices of stock have been:
—Common.—
-Preferred.
1883.
1882.
1882.
188:
135
-128
137 4-1314
January
137 -130
135 VI 28^
145 -140
February...
135 -131*3
March
133 -133
132*8-127 Lj
135 -133*3
130 -130
April
133 -128 ^2
135 -132 *2
134 VI 3o ^2
May
130 -1331*2
June
131 -129:H
-133
111
130 -132:tt
110 -110
July
more
August
September
..
145V13S
144V13834
140
-140
i 40 “-146’
-
..
-—..
Operations, earnings, Ac.,
INCOME ACCOUNT.
1879.
Total gross
Net
earnings.
$
5,755,077
1880.
1881.
1882.
$
7.087,225
$
7,557,740
8,215,494
3,625,401
209,505
3,408,027
300,791
3,729,013
332,547
Receipts—
Net earnings.
Other receipts
$
r
2,700,150
33,000
Total net income...
Disbu sements—
Rertals paid
Construction
Interest on debt
Taxes
Dividends
Miscellaneous
Jol. A Chi. b’ds red’d.
2,739,150
Total disbursem’ts.
2,400,341
$
754,913
*102.175
501.279
155,901
705,770
00,237
3,894,900
$
1,007,991
3,714,818
$
1,090,995
431.044
771,300
147,418
854,359
132,743
702,001
171,002
1,077,970
232,510
4,002,100
$
1,127,534
71,222
701,122
198,021
1,083,080
97,910
300,000
3,045,518
2,973,S71
3,772,788
Balance, sur. or def.. sur.338.815 sur.921,035 def. 57,970 sur. 4 LO, 0 42
*
Kan. C. St. L. A C. not earnings, which were devoted to construction,
in accordance with agreement.
1^2
1,000
Stock authorized: Common, $0,300,000, and preferred,
October
142 ^ 138*2
November...
142 VI28 *3
December
135 -I31:a
Auuual report for 1882 in V. 30, p. 218.
have been as follows for four years past:
2,100,000
1873
$2,272,7-JO.
lie
6 g.
0 g.
5-0
0
0-8
100
....
The Louisiana A Missouri River Railroad is leased for 1,000 years
from August 1, 1870. Rental, 35 per cent of gross earnings, but inter¬
est guaranteed on second mortgage bonds and preferred stock as
cent
0
0
.
$3,500,000. Gross earnings for year lSSI on 350 miles, $78!), 182 ; net.
$174,790. In 18s2 gross earnings, $1,027,398 ; net, $252,251. (V. 31,
p. 655; V. 35, p. 71, 16 )
Cheshire.—Sept. 30, 1882, owned from South Asliburnham, Mass., to
Bellows Falls, Vt., 51 miles; leased. Monadnock RR., Winehendon to
Peterboro, N. II., 10 miles; and 10 mites Vermont A Mass; total 80
miles; but the Monadnock, 10 miles, is not included in the Cheshire
earnings, leaving 01 miles operate l.
$51,090 rental paid to Vt. &
Mass, for leased portion of road.
Gross earnings in 1880-81, $022,595;
net earnings, $135,110.
In 1881-2 gross, $52 >,075; net, $124,201.
Capital stoek—eommon, $53,300, and preferred, $2,100,000.
Chicago i£ AlunjL.— December 31. 1882. mileage as follows: Joliet
to East St. Louis (main), 244 miles; Branches—To Coal City, 30 miles;
Dwight to Washington A Lac’n, 80 miles; Roodhouse to Louisiana, 38
miles; Upper Alton line, .8 miles. Total owned, .400 miles. Leased—
Chicago to Joliet, 37 miles; Bloomington to Godfrey. 15o miles; Louisi¬
ana to Cedar City, 101 miles; Kansas City to Mexico, 102 miles.
Total
leased, 450 miles. Total operated, Dec. 31, 1882, 850 miles.
Chartered as the Chi. A Miss., Feb. 27. 1817; reorganized under act of
Jan. 21, 1857, as Chi. Alt. A St. L;, and under act of Feb. 10, 1801,
the present .corporation succeeded to the property, which was sold
under foreclosure in the following year and transferred to new organi¬
zation in Get., 1802.
Chicago and St. Louis were connected by the
present line in 1804.
The Joliet A Chicago is leased from January
1, 1804, for the term of its charter, and forms part of the main
line. Rental, 7 per cent on stock.
The St. Louis Jacksonville A
Chicago is leased in perpetuity from April 30, 1808, at a rental equal to
40 per cent of gross earnings until the amount reaches $700,000, with
a minimum of $210,000 a year, and the eo upany is to be merged with
Chicago A Alton an t its stock exchanged for Chicago A A'tou stoek.
above;
15,000,000
10,122,500
2,000,000
500,000
7,350,000
4,350,OCX)
6 g.
6 g.
o g*
4
.
....
....
$2,350,000
2,000,000
SOU.OOO
.
....
....
St. Jo. stock
-
12,504,000
2,425,400
....
....
....
Rate per
Cent.
500.0 *0
100
500 Ac.
100
....
1878
825
740
lines,coup.or reg.(s.f. l^p.c.)
Bonds Deu.Ex.(Rep.Va!.and B.&Coi.bdspledged)
Plain bonds (s.f.l p.c.) for K. C. St. J.A C.B. stock
Outstanding
$1,000
....
Trust mort.on Iowa
Amount
1,000
100 Ac,
....
249
.
projected.
RONDS.
xxm
Ronds—Princi¬
INTEREST OR DIVIDENDS.
Size,
1878
1878
102
....
Chicago <£• Atlantic— 1st mort., gold
Chicago Burlington <£• (putney—Stock
Consolidated mortgage coupon, (for $30,000,000)
making 39G miles of road altogether.
-
322
220
La. &
Debenture bond* for Han.
-
850
mortgage
do
-
850
Joliet A Chicago, 7 per cent, stock
8t. Louis Jack. A Ch., common stock
do
do
preferred stock
do
do
1st mortgage..
do
do
1st M. endorsed by C. A A.,
do
do
2d M. endorsed by C. & A..
do
AND
great favor by giving immediate notice of any error discovered in tliese Tables.
DESCRIPTION.
For
STOCKS
271,200
700,000
6,500,000
69,814,191
13,980,000
11,490,000
7,908,000
4,300,000
9,000,000
4
o g.
7
1*1
5
5
7
7
7
7
7
7
3 k2
0 g.
1 *2
740
0
6 g.
2
7
4A 5
4
4
5
pal,When Due.
When
Where Payable, and by
Whom.
Payable
J.
A J.
A. A O.
M.
J.
A.
J.
N.
Stocks—Last
Dividend.
Y., Fisk A Hatch.
do
July
July
July
July
1,
1,
1,
1,
Jan. 1,
June 1,
do
A N. N. Y., Company’s'office.
do
do
A J.
A ().
N. Y., Fisk A Hatch.
do
A D.
do
N.
■*
....
F.
F.
J.
J.
M.
M.
J.
J.
A
A
A
A
A
A
A
A
A.
A.
J.
J.
8.
S.
J.
J,
Q.-J.
....
....
A. A O.
A.
J.
J.
F.
M.
F.
M.
A
A
A
A
A
A
A
O.
J.
J.
A.
N.
Y., 52 Exch’ge Place.
do
do
•
-
.
.
Aug. 1, 1911
do
do
Aug. 1, 1911
1897
Fob. 1.
Keene, N. H.# Office.
July 10, 1S83
Boston.
July 1,’96A’98
N.Y.,Jesup, Patou A Co. Sept. 1, 1883
do
do
Sept. 1, 1883
Lond’u.J.S.MorganACo.
July 1, 1903
N. Y.,Jesup, Paten A Co.
Jan., 1893
N. Y. U. S. Trust Co.
July, 1883
"Aug. 1, 1883
Aug. 1, 1883
N.Y.,Jesup, Patou A Co. April, 1894
do
do
April 1, 1894
do
do
do
do
do
do
do
do
A.
do
do
do
N.
do
do
do
Q.-F.
Chic.. Ill. Tr. A Sav. Bk.
A. A O. N.Y.,Jesup, Patou A Co.
M. & N.
New York A Loudon.
Q.-M. N. Y., Bk. of Commerce.
J. A J.
do
do
A. A O.
do
do
F. A A.
do
do
M. A S.
do
do
M. A N.
_
1898
1908
1908
1918
1911
1922
.
July, 1898
July, 1898
Aug., 1900
Nov. 1, 1900
Aug. 1, 1883
May 1, 1903
Aug. 1, 1883
May 20, 1881
Oct. 1, 1912
Nov. 1, 1920
June 15,1883
July 1, 1903
Oct. 1, 1919
Feb- 1, 1922
Sept. 1, 1921
May 1, 1913
-(V. 34, p. 31,80, 262; V. 35, p. 188, 265, 404, 455; V. 30, p. 218,453;
127.)
Chicago <£• Atlantic.—Road opened May 14, 1883, from Marion, 0.,on
V. 37, p.
line of N. Y. Pa. AO., to Hammond, Ind.. 249 miles, and thence over
tiie Chicago A West. In t. to Chicago, 19 miles. Built as a couueetiug line
for N. Y. P. A O. and N. Y. L. E. A W., and both those companies guaran¬
tee the gross earuings on business over their roads to and from the
Chic. A Atlantic, as security for interest on the bonds. Stock, $10,u00,000. of which $9.000,090. is deposited with H. J. Jewett, President of
N. Y. L. E. A W., in trust to hold aud vote on it.
(V. 35, p. 51, 211,
237, 405, 546, 705, 707; V. 30, p. 339, 560, 731; V. 37, p. 22.)
Chicago Burlington <& Quincy.—Dec. 31, 1882, mileage
was as
follows
;
Main line—Chicago to Burlington, 204 miles; Burlington to Pacific Junc¬
tion, 270 miles; branches^Galesburg to Quincy, 100; Galesburg to
Peoria, 52; Yates City to Lewiston, 30; Lewiston to Rushville, 33;
Aurora to Turner Junction, 12; Geneva to Streator, 67; Shabbona to
Rock Falls, 47; Meudota to East Clinton, 02; Buda to Elmwood, 44;
Galva to New Boston, 51; Keithsburg Junction to Keithsburg, 6;
Burlington to Carthage, 30; Carthage to Quincy, 40; Rock Island Junc¬
tion to Rock Island, 47; Barstow to Alton Junction, 214; Cleveland
Junction to Cleveland, Ill., 2 ; Keithsburg to Gladstone, 17: Sheridan
to Paw Paw, 20; Keokuk to‘Burlington, 42; Albia bo Moravia, 12 ;
Chariton to Leon, 38; Chariton1 to Indianola, 33; Creston to Hopkins,
45 ; Creston to Fonteiielle, 28; Red Oak-to Hamburg, 40; Red Oak to
Griswold, 18; Burlington Junction to Villesea, 35; Clariuda to Northboro, 20; Hasting* to Sidney, 21; Hastings to Carson City, 10; Albia
to Des Moines, 07 ; Leon to Grant City, 57 ; Bethany Junction to Albany,
40; Pacific Junction to Kearney Jauction, 190; Omaha to Oreapolis,
17; Crete to Beatrice, 30; Nemaha to York, 130; Lincoln to Colum¬
bus, 73 ; Atchison to Lincoln, 140; York to Central City, 41; Hast¬
ings to Colorado State Line., 239; Teeumseh to Nemaha, 33; Table
Rock to Amboy, 143; State Line to Denver,-175 ; Beatrice to Wymore,
12; total owned Dec. 31. 1882. 3,113 miles; leased—Quincy to East
Louisiana and branch to Hannibal, 40 miles; used,jointly—Alton to East
St. Louis, 2L miles; Hamburg to East Nebraska City, 10; Pacific Junc¬
tion to Council Blurts, 17;"Chicago Station to Union ahd Central depots,
4; Sterling to Rock Island Junction, 5; total, 57 miles; total operated
Dec. 31, 1882, 3,210 miles ; controlled: Kansas City to Council Bluffs,
199 miles (28 miles or which in eluded above under “leased;”) Winthrop
Junction to Atchison Bridge. 1; Amazonia, Mo., to Hopkins, 50; Bigelow
to Burlington Junction, 32; Coruing to State line, 30; grand total,
3,530 miles. The extension to Denver was opened May, 1882. Also
had control of the Burlington A Southwestern RR., the St. Joseph A
Des Moines RR., and leased the St. Louis Keokuk A Northw. RR., aud
(.jointly with Wabash) the Humeston A Shenandoah RR.
The Chicago Burlington A Quincy was a consolidation (Jan. 1, 1873)
of the Chicago Burlington A Quincy in Illinois and the Burlington A
Missouri River in Iowa. The Q. A. A St. L. was leased in perpetuity
from Oct. I, 1870, at a rental of $42,000 a year.
The St. L. R. I. A C.
was leased from Oct. 1,
1870, at a rental of $175,000 a year.
In
1880 the Burlington A Mo. in Nebraska was absorbed, 630 miles,
including leased lines.
A stoek dividend of 20 per cent was then
made. The Republican Valley RR. stockholders were given a deferred
stock entitled to no dividends before Jan. I, 1885, but iu Oct., 1881, the
Chic.
Bur. A Q.
for four.
stock was given for this, m the proportion of three
The C. B. A Q. 4 per cent bonds were issued against
Rep. Valley and Bur. A Col. 5 per cent bonds held in trust, and an equal
amount of Rep. Valley stock scrip was also issued to subscribers to the
bonds, such scrip being exchanged April 1, L882, into Chi. Bur. A Q.
stock. See V. 33, p. 328. The Kan. City St. Jo. A Council Bluffs aud
branches was purchased. 254 miles, aud the. C. B. A Q. 4 per cent bonds
due. Sept. 1, 1921, issued to pay for it.
In April, L883, the Chicago Bur. A Quincy purchased of Mr. Jay Gould
and others the common stock of the Hannibal A St. Joseph Railroad at
the price of about 45, ami the preferred stock, or some of it, at par
value.
It. paid for these with its$9,009,000 of 5 per cent bonds.
Tiie Chicago Burlington A Quincy on its leases of the numerous branch
roast* usually gave them a traffic guarantee of 40 or 50 per ceut for pur¬
chasing their bonds. Enough of the C. B. A Q. consolidated mortgage
is reserved to take up prior debts. The bonds of 1870 for St. Louis Rock
Island A Chicago Railroad are plain bonds of Chic. Burlington A Quincy,
offset by mortgage of like amount on St. Louis Rock Island A Cliicag#
road deposited with trustees. Prices of stock have been:
shares
Jan..
Feb
Mar..
.
...
....
1882.
138 -132 *4
130 VI28
135 VI 27
1883.
125 VI20
122 V115%
July
Aug
.
.
....
....
1882.
135 -127
14 L
-1335s
137 -131*8
1883.
126V121
*
-
125*4 117
Sept.
Oet...
134^-128^ 129V124
133V129
Apr..
Nov..
120
.2.. 132 L3-120
1331*3-129 Lj
May.
ly 12058
132 -1271*2
June.
Dec..
129V121Q
126*8 122
The last annual report was published in the Chronicle, V. 30, p. 423,
Comparative statistics for four years are as follows:
...
....
....
....
...
...
....
KOAD AND
Miles owned and Vised
Miles operated joiutly.
Total operated
1879.
EQUIPMENT.
1880.
1,700
2,075
1881.
2,820
97
97
98
98
1,857
2,772
2,924
3,229
1882
3,131
RAILROAD
XXIV
Subscribers will confer
a
first page
Date
of
of
Road. Bonds
Miles
of tables.
Chicago Burlington <£• Quincy—( Continued)—
Northern Cross R. R. ‘2d. mortgage, gold
Trust mortgage (Burlington to Peoria)
Plain bonds (coupon or registered)
Bonds of 1875, (sinking fund $13,860 per year)..
Dixon Peoria A Hannibal, 1st. )
Ottawa Oswego A Fox Riv., 1st I Coup., but may
Illinois Grand Trunk, 1st mort ( be registered.
.
.
J
l
fund $50,000) coup
Quincy Alton & St. Louis, 1st mortgage, guar
’d )i CpV
Burl.& Mo. Riv., 1st on r’d AdOO.OOOao’s I’d
Op.
1st M. on br.,C.B.&Q.stk.(5tli ser\) S- or
do
do
Conv. bonds, C.B.AQ.stk.lOth ser ) reg.
B’ds for St. L. R, I. A C. (sink,
do
Omaha A 8.W., 1st M., guar
Burl. &Mo. bonds, s. f. for Atcli. A Neb. lilt,
Nebraska consol, mort., guar
stock
Republican Valley RR., sink, fund bonds
Atchison & Nebraska. 1st mortgage
Lincoln & Northwestern IIR. bonds
Kansas City St. Jo. A C. Bl., mortgage
do
do
income bonds, reg..'.
Chicago <& Canada Southern—1st mort., gold
Chic. Detroit cC- Canada Or. Trunk J unction—1st M.
Chic, dt East. III.—Stock
1st M.,coup. (8. f. $20,000 after ’bo)
2d mortgage income (uon-cumulativc)
C. & E. III. Extension, 1st mortgage
Dan. & Grape Creek RR.—1st mortgage
Chicago d Grand Trunk—1st mortgage, $ and £
2d mortgage for $6.000,000
Northwest. Grand Trunk, 1st mort
^Chicago d Iowa—1st mort., coup., may be reg
2d mortgage
1879.
1880.
1864
1872
1875
1869
1870
1870
1870
1876
1376
1863
1869
1870
1878
1872
1880
1877
1879
1878
1880
1877
1877
1872
1859
....
33
40
70
44
40
270
46
281
40
...»
191
49
•
•
•
133
148
149
72
274
....
67
59
240
123
123
14
12
330
330
66
80
80
....
1.877
1877
1881
1880
1880
1882
1830
1870
1871
1381.
.
890.500
1,000
1,000
1,000
720,000
1,000
100
100
100 Ac.
TOO Ac.
12,028,158
$
11,920,230 12,664,688
*$
$
310,668
148,771
3,430,454 3,883,789
492,154
615,622
4,349,286 5,023,599
687,246
631,443
4,366,064
563,385
1,250,000
10,106,763
3,921,695
1.000,000
In March, 1882, the U. S. Supreme Court
reversed the decree of foreclosure, of the Danville, road, but granted a
rehearing, on which the old decree was reversed and the cause re¬
manded. Report for year ending June 30, 1882, sho wed gross earnings,
$1,692,266; net, $693,414. <V. 31. p 80, 11 1, 175, 291, 316, 3 13, 518,
574, 636; V. 35, p. 21, 78, 373, 404, 454, 486, 515, 601; V. 36, p. 312,
479, 509.)
Chicago d Grand Trunk—This is a consolidation of roods betweeu
Port Huron and Chicago formed in April, 1880, under the control of the
Grand Trunk of Canada; 330 miles operated. It includes the former
PortHuron &Lake Michigan and the Peninsula roads, solu in foreclosure.
The Grand Trunk of Canada gives
a
traffic guarantee of 30 per cent of gross earnings on business io ami
from the Chic. & Grand Trunk Road. Gross earnings for 1881. $1,631,751; net, $199,726; for 1882, gross, $2,271,000; net, $385,579, (V. 34,
p. 86, 315.)
Chic.d Iowa.— Dec. 31, 1882, owned from Aurora, Ill., to Foreston. Ill..
80miles; leased, Flagg Centre to Rijkford, 2 1 miles; total ^aerated. 101
miles. Chartered in 1869 and opened in 1872. In bands ot a Receiver for
two years and admit’, and sold Mar. 9. J 878, in foreclosure ot second mort¬
gage of $1,150,000, but the sale and all foreclosure proceedings were
canceled and overdue coupons were paid.
Gross earnings for y< ar
ending Dec. 31, 1882,
were $525,071 ; ner, -$88,309.
Capital stock,
$1,428,000, and funded debt, $1,750,000,; total stock and bonds,
$3,178,000. Cost of road and equipment, $3,418,479. This road is used
by the Chic. Burl. A Quincy to connect with the 111. Cent., and in Feb.,
1882, passed into control of Clue. Bur. A Q. (V. 33, p. 99, 124, 321 ;
V. 34, p.264, 343.)
Chicago Iowa d Neb.—July 1, 1853, owned from Clinton, la., to Cedar
July 1, 1890
Oct. 1, 1890
Jan. 1,
June 1,
1896
1895
N.Y., N. Bk. of Com’rce. July 1, 1889
New York and Boston.
July 1, 1900
Boston.
Oct. 1, 1890
N.Y., N. Bk.of Comm’rce July 1, 1890
A.
Oct. 1, 1901
Boston, Co.’s Office.
F.
N.Y.,Farmers’ L.AT.Co. Feb. 1, 1896
A
do
do
Oct. 1, 1893
J.
Boston, Co.’s Office.
July 1, 1894
J.
do
do
July 1, 1889
J.
July 1, 1918
do
do
J.
do
do
June 1, 1896
A.
Boston, N. E. Trust Co. Jan. 1, 1910
A.
Oct. 1, 1896
Boston, Co.’s Otlice.
J.
do
do
July 1, 1919
M. A S.
do
do
Mar. 1, 1908
J. A ,J.
do
do
Jan. i, 1910
J. A J. Boston and New York.
Jan. 1, 1907
A. A O.
Jan. 1, 1907
Boston, at Office.
A. A O. N. Y., Union Trust Co.
April 1, 1902
J. A J.
London, England.
July 1, 1884
M. A 8. N. Y.. Central Trust Co. Mar. 1, 1882
J. cc 1). New York. 4th Nat. Bk. Dee. 1, 1907
Dec.
N. Y., Central Trust Co.
Dec., 1907
J. A D. New York, 4th Nat. Bk. Dec. 1, 1931
M.
J.
J.
J.
J.
J.
A
A
A
A
A
A
N.
J.
J.
J.
J.
,J.
Boston, Co.’s office.
do
do
,
Boston, Globe Nat. Bk.
New York and London.
do
do
N.Y., E.P.BeaeIi.B*way.
New York and Boston.
do
do
May, 1920
Jan.
1, 1900
Jan., 1922
Jan. 1, 1910
Jan.
1.
1900
Ang. 1. 1901
as
Gregor to St. Paul, 214 miles
10,269,808 11,053,224
1,650,422 1,611,464
Sold under foreclosure Feb. 7, 1877, and reorganized under
Stock, $6,600,000 in $100 shares.
Frankfort.
N.Y., N. Bk. of Com’roe.
1882, the following was
the mileage owned and operated Chicago to Mil¬
waukee, 85 miles; Milwaukee to La Crosse, 196 miles; La Crosse to St.
Paul, 130 miles; Milwaukee to Prairie du Ohien, 194 miles; Mazomanie
to Prairie du Sac, 10 miles; Milton to ShuilsbUrg, 76 miles ; North Mc¬
750,000
1879, 8; in 1880, 9*4; in 1881 ,8; in 1882, 8.
—(V. 34, p. 19, 8G, 264,290, 315, 343. 377, 419,433,575,025, 630, 603,
687, 714; V. 35, p. 96, 266, 297, 456, 677, 762 ; V. 36, p. 29, 312, 423,
731.)
Chicago d Canada South.—Dec. 31,1882, owned from Crosse Tsle, Mich,
toFayette, O., 67 miles. On Nov. 1, IS t9, it was transferred to t he Lake
Shore A Mich. South.
It has a capital stock amounting to $2,667,4.00
and a bonded debt of $2,541,000, and owes upwards ol $1,080,000 over¬
due coupons. Original cost, $5,176,557. It is a part of a projected line
between Chicago and Detroit River, but failed in 1873.
Chicago Detroit d Canada Grand Junction.—Dee. 31, 2 882. owned
from Port Huron, Mich., to Detroit Juno., 59 miles. Opened in 1859.
Leased to Grand Trunk of < ‘anadsu Earnings iu 1882, $386,294 ; net,
$69,909. Rental received. $112,500, out of which paid interest, $65,700,
and dividends, semi-amiuuUy, each 2 per cent, $43,800. Capital stock,
The road is o wned by the
$978,984, and funded debt, $L,095,000.
lessees, but a separate organization is maintained in Michigan.
Chicago d Eastern Illinois.—June, 1S82, owned from Dolton, Ill.,
to Danville, Ill., 107*2 miles; Covington, Ind., to Coal Creek, Ind.. 10*2
miles; Danville to Sided's, 23 miles; leased, Dolton to Chicago (C. A
W. I.), 17 miles; Wellington Junction to Cisna, 13 miles; Evansville T.
Haute & C. RR., Terre Haute to Danville, Ill.. 55 miles; Otter Creek to
Brazil, Ind., 14 miles; Danville, 111., to Covington, Ind., 13 miles;
total operated, 253 miles. Evansville Terre Haute A Chicago leased
May 1.1880, for $75,000 per year. The Chicago e; East Illinois was
chartered as Chicago Danville. A Vineeunes'in 1865, and opened in 1872
existing style Sept. 1, 1877.
J.
O.
J.
J).
J.
J.
0.
J.
0.
A.
O
J.
J.
A J.
A I).
A O.
A O.
A J.
Chicago Mihoaukee d St. Paul.—Dec. 31,
official’.y reported
In
and 1873.
A
A
A
A
A
A
A
A
A
A
A
A
A
Stocks—Last
Dividend.
year.
1882.
7,588.883
$
Total disbursements.... 7,354,438
234,445
Balance, surplus
*
1881.
7,588,883
203.006
J.
A.
J.
J.
J.
J.
A.
J.
Where Payable, aud by
Whom.
;
Conover to Decorah. 9 miles; Meudota
to
$
S3
10,749,793 11,334,963
1.170,437 1,329,725
3.282,718
441,590
When
Payable
Bonds—Princi¬
pal,^When Due.
Rapids, Ta. (all steel), 82 miles. Operated by Chic. A Northwestern under
permanent lease, at 37*2 per cent of gross earnings. The maximum rent¬
al by subsequent temporary
agreement has not exceeded $500,000 a
$
3,016,086
$
11,129,143
899,315
179,093
2,110,968
328,814
Dividends*
3,081,985
Carried to sinking fund.
230,493
Accounts written oil
423,085
to
Tranaf’d
renewal f’nd 1,000,000
600,000
1,150,060
1,000
1,000
10,749,793 11,334,963
6
6
6
5
6
8
8
0,351,016
3,818,965
649,500
500 Ac.
INCOME ACCOUNT.
Total income
Disbursements—
Rentals paid
Interest on debt
Taxes....
767,000
250,000
250,000
,000
1,00)
£100 Ac
1,000
11,129,143
7 g.
6
3
6
7
3.000,000
J
Net earnings
7
8
8
6
8
4
7
6
7
7
7
6
3,347,000
560,000
939,000
1,125,000
600,000
4,495,522
2,488,174
2,541,000
1,095,000
3,000,000
100 Ac.
100
9,362,904
5
710,000
100 Ac.
21,324,150 22,003,304
10,574,357 10,668,341
Net B. & M. land grant.
2,325,000
840,000
4,182,050
74,000
159,500
11,441.200
1,000
j ,000
20,492,047
1880.
545,500
1,076,000
1,000
500 Ac.
600 Ac.
1,000
1,000
7
7
5
8
8
8
8
5
378,000
-
500 Ac.
50 Ac.
500 AC.
4 g.
653,000
517,500
500 Ac.
1882.
Rate per
Cent.
$591,000
1,000
1,000
Total gross earnings... 14,817,105
Total operat’g expenses 7,228,222
1879.
$
Outstanding
....
$
4,756,992
16,595,819 15,711,510
1,112,245 1,534,802
Receipts—
Net carning3
Amount
$....
$
3,534.209
16,054,197
903,641
7,588,883
or
Par
Value.
$
2,566,652
11,650,623
599,831
Earnings—
Passenger
Freight
Mail, express, Ac
[ VOL. XXXVII.
INTEREST OR DIVIDENDS.
Size,
1860
100
96
—
Quincy & Warsaw, 1st mort
I30KDS.
AXD
great favor by giving immediate notice of any error discovered in tbese Tables.
DESCRIPTION.
on
STOCKS
1
i
:
Minneapolis, 9 miles; Rockton to'Rockford, Ill., 16 miles; Oaltnar to
Marion Junction and beyond, 300 miles.; Marion to Council BlutFs,
262 miles: Austin to Mason City, 40 miles ; Hastings to Aberdeen aud
beyond, 272 miles ; from Aberdeen south, 33 miles; Davenport to near
Fort Atkinson, 153 miles; Watertown to Madison, 37 miles; Madison
to Howard City, 22 miles; Milwaukee to Portage, 98 miles; Mad
ison to Portage, 39 miles, Sparta to Melvina, 12 miles; Lisbon to
Necedah,
13 miles; Wabasha to Zumbrota. 59 miles; Iloricon to Berlin and Winneconne,57 miles; Ripon to Oshkosh, 20 miles; Salmla to Cedar Ilapids,
92 miles; Paraltato Farley, 44 miles; Racine to Rock Island, 197 miles;
Eagle to Elkhorn, 17 miles, and Eldridge to Maquoketa. 32 miles; Glen¬
coe to Qrtonvillc and beyond, 206 nme. ;
La Crosse to Madison, 375
miles; La Crescent to near Sabula., la., with branches, 324 miles ;
Tom ah to Merrill, 108 miles; Mineral Point to Warren, aud branch, 51
miles; Chicago to Lanark Junction,.115 miles; Sioux City to Yankton,
with branch, 131 miles; Minneapolis to Burton, 28 miles: from Bridgewater west, 80 miles ; Dell Rapids to Sioux Falla, 19 miles; Spencer to
Lake Okoboji, 17 miles; Wabasha to Ear Claire and branch, 71 miles;
Hastings to Stillwater, 25 miles; Northfiekl to Red Wing, 32 miles;
Yankton to Scotland, 27 miles; and small branches, amounting in all to
192 miles; total.operated, 4,520 miles.
The Milwaukee A St. Paul Railroad Company was organized May 5,
1863, and embraced .a number of other companies, including the Milwau
koe A .-Mississippi, the Prairie du Chien, the Lacrosse A Milwaukee, and
otmvs. The Milwaukee A St. Paul afterward purchased the St. Paul A
Chicago Road and others, and built the line from Milwaukee to Chicago,
and on February 11, 1874, the company took its present name. The
Western Union Railroad was leased in 1879 for 999 years, and the bonds
were ret ired by the issue of the Chic. Mil. A St. Paul bonds secured by
mortgage on that road. Of the consol, mort. bonds of 1875, enough are
reserved to take, up the prior bonds. The latter had a sinking fund of
1 per cent per annum, but holders may have their bonds stamped and
discharged from the operation of the sinking fund. In June, 1882, a
further issue of 20 per cent in stock was voted, of which 10 per cent
was issued as a dividend to stockholders of record Sept. 15. 1882, and
10 per cent was sold to them at par.
The preference of t he preferred stock is a prior right to a non-cumulafive dividend of not exceeding 7 per cent from net earnings (except that
$250,000 above interest on bonds may be reserved as a working capital,
before payment of the dividend.)
After payment of 7 on preferred ana
7 on common, both classes share pro rata. Prices of stock of the Chicago
Milwaukee A St. Paul have been:
Common.
1882.
1883
,
January
iiovTbpo
February....
March. /.
110*8-10614
118 4-108
I 1378-10.K%
II 3*2-14*934
112-‘al 08
April
May
•
June
..
July
August
September
122*8-11178
125 -119'8
..
October
November...
December...
An abstract of
,
/
Preferred.
1882.
1883.
123 -119*4
122 -119%
108*2-1034
106*4- 97 78
12278-120
10278-x9778
126
1047a- 98 H
-119*2
12234-11834
105*8-10078
122
106*4-1017a
106 -101*8
128
12914-10712X
1U-V107
III
96*2
109
98%
-
-
-
-119
-120
135*8-127
139*2-134
p. 1 11 *4-123 x
129
127
124
-
120*2-11630
120*2-116%
1217s 117
12134-119
12 L
-119
120*2-117
-122
-114*2
-117
the last annual report (for 1881) was published in the
Chronicle, V. 36, p. 451.
l lte report states that the lands belonging to the company were sold
in 1832, except about 100,000 acres, mostly iu the State of Wisconsin.
The net receipts to the treasury of the company from sales of land
during the years 1831 and 1S82 are $1,224,364; and the amount now
due the company on contracts ami mortgages is $1,787,508; in addition
to which the sum of $210,000 is held in trust to abide the decision of a suit
brought by this company against the Sioux City A St. Paul Railroad
Company. The.preferred stock was increased during the year $2,046,000 by the conversion of mortgage bouds into preferred stock, and ail
such bonds have now been converted.
The following table shows the operations, earnings, capital
Ac., lor four years:
1879.
1880.
1881.
Miles of road
2.359
3,775
4,217
account,
1882
4,520
OPERATIONS AND FISCAL RESULTS.
Operations—
1879.
1880.
1881.
1882.
Passenger mileage... 78,119,592 111,561,919 137,940,086 200,790,928
Rate per pass. p.mile
2 93 cts.
2*84 cts.
2*86 cts.
2*58 cts.
Freight (tens)
Ay. rate
mil’ge.401.593,1734 504,876,154 697,347,607 945.250.159
p.ton p.rniie
172 cts.
176 cts.
1’70 cts.
1*18 cts.
August,
RAILROAD
1883.]
Subscribers will confer
a
•
headings, Ac.,
of tables.
see
notes
Chicago Iowa d Nebraska—Stock
3d mortgage (now 1st)
Chicago Milwaukee d St. Paul—Coin, stock
Preferred st’ek (7 p. c. y’l-ly, not cumulative)
Consolidated mortgage (for #33,000,000)
1st mortgage ^Lacrosse Div.), con. or leg
2d mortgage (Lacrosse Div.)
1st mortgage (Iowa A Minn.)
1st mortgage (Minnesota Central).
1st mortgage (towa A Dakota)
Coup., but
1st M.,Ia.ADak.Ext.(#13,000 p.m.)
may be
1st mortgage (Prairie duChien)... } registered
2d mortgage (Prairie du Chien)...
by eud’rsc-
Miles
of
Road.
82
82
....
370
370
220
49
....
335
235
235
....
130
75
85
100
212
540
....
....
158
300
107
107
142
08
143
719
47
Dubuque Southwestern, 1st mort
Chicago d Northwestern— Common stock
Preferred st’ek (7 p. c.
y’rly, not cumulative)
Bonds, pref. (sink’g fund), 1st mort., Chic, to Osh.
Interest bonds, funded coup., 2d m.. Chic, to Osh.
#
2,273,701
0 850,755
Mail, express, Ac*...
Total gross earn’gs...
Operating expenses..
888,303
10,012,819
5,473,794
1880.
$
3,159,051
8,884,227
1,042,841
13,080,119
7,742,425
Outstanding
$100
$3,916,200
1803
3,278
3,278
193
193
....
1875
1803
1804
1807
1804
1809
1878
1803
1808
1801
1872
1872
1873
1879
1879
1880
1880
387,000
1,000
3,201,000
1,000
1,000
1,000
1,000
123,000
541,000
1,000
0,710,000
1,700.000
1,100,500
107
500
1,000
1,000
1,000
100
100
100 Ac.
100 Ac.
Net earnings
4,539,025
8,200,053
5,343,094
6,707,530
including elevators, stoek-vards, Ac.
1 Including elevators, stock-yards, personal injuries and damages to
property, legal, insurance, rent of ears, Ac.
”
INCOME ACCOUNT.
1879.
Receipts—
Balance January 1...
Net earnings
Other
receipts
Total income
Disbarsemen ts—
2,520,074
4,539,024
74,517
7,133,015
$
2,287,107 *
Interest
on debt
Divs. onpref. stock
Rate of dividend
Divs. on com. stock
Rate of dividend
Miscellaneous
#
..
859.504
7
1881.
1882.
#
3,531,538
5,343,094
324,298
$
4,343,283
#
5.593,010
8,200,053
023,814
9,199,530
#
2,837,385
859,504
11,680,124
1880.
0,707,530
035,308
14,417,477
$
$
4,127,389
887,424
4,780,05 l
1,032,714
H
7
7
•
385,100
2*2
70,000
3,531,538
1,078,298
4,343,283
5,593,010
3,019,407
Total disbursements .,7,133,015
9,199,530
11,080,121
14,417,477
..
Balance, Deo. 31
7
GENERAL BALANCE AT CLOSE OF
Assets—
1879.
1880.
$
#
Railroad, equipm’t, Ac 03,399,418
Stocks owned, cost... ]
Bonds owned, cost... J 7,133,028
BillsAaee’ts ree’vablo
483,004
Materials, fuel, Ac.
385,971
..
Cash on hand
Daven. A N’wcst 11R.
111. A Iowa coal lands
(’ash due on st’k subs
Miscellaneous items..
801,094
1,750,000
1,078,298
1,428.293
7
7
81,000
3,550,974
EACH FISCAL YEAR.
J
1881.
$
1882.
$
99,185,083 120,073,030 138,015,090
2,103,507
1,205,301
708,840
783,992
501,715
382,951
003,0 11
1,028.704
555,200
2,301,284
1,495,113
2,909,732
503,119
039,578
1,129,215
112,329
232,730
417,000
255,001
Liabilities—
*
s'
Stock, common..
Stock, preferred.
15,404,201
15.404,261
20,401,201
27,004,201
12,279,483
41,319,500
12,401,483
07,172,000
2,007,105
4,343,283
14,401,483
79.059,000
3,899.002
5,593,011
10,447,483
89,835,500
1,043,511
2,279,830
.
)
s
Unpaid pay-rolls, Ac
Land department
Advances
•5 g.
5 g.
7
3*2
*>
7
7
.
789.927
3,531,533
711,305
5?
4,9 13,872
3,019,408
2,216,630
1,787,599
873,911
Total liabilities... 74,000,074 103,313.044 125,030,593 140,55 4,003
—(V. 31, p. 114, 292, 315, 307, 408, 400,479, 519, 521, 522, 500. 587,
625,003,079,037.711; V. 35, p. 21.23. 182, 211, 431, 450,487.574,
570, 037. 058. 703 ; V. 30, p. 18, 139, 195. 299, 312, 329, 451, 053 ; V.
37, p. 48, 98, 175.)
Chicago d Northwestern.—At the end of the fiscal year. May 31, 1833.
the mileage was made up in the annual report as follows: Wisconsin
Division, 555 miles; Galena Division, 313 miles; Iowa Division, 0.3
miles; No. Iowa Division, 309 miles: Madison Division, 407 miles;
Peninsula Division, 374 miles; Winona & St. Peter Division, 448 miles ;
Stocks—Last
Whom.
Dividend.
A
A
A
A
A
July 2, 1883
Au?. 15, 1894
April 16,1883
April 16,1883
July 1, 1905
1893
1884
1897
1891
1899
July 1, 1908
1893
*
1893
1891
Jan., 1902
1902
1903
1919
*
July 1, 1909
Jan.
Jail.
1, 1910
1. 1910
1890
Jan.
Jan.
1, 1890
1, 1910
July 1, 1920
July 1, 1920
Jan.
1, 1909
1910
July 1, 1921
July 1, 1921
Jan. 1, 1921
Oct., 1883
Juno 28, 1883
Juno 28, 1883
Aug. 1, 1885
Nov. 1, 1883
Peninsula RR.
(Mich.), $154,000 7s, due 1893.
a controlling interest was acquired in the stook of
the Chic. St. Paul Minneapolis A Omaha Co., and in April, 1883, the
$10,000,000 debenture bonds were issued to pay for the stock; the
sinking fund for these bonds is $200,000 per year from May, 1888, if
they can be redeemed at 105.
As to the nominal surplus of the company representing the expendi¬
tures for proprietary roads, Ac., see remarks in Chronicle, V. 37, p. 174,
on the annual report.
Preferred stock has prior right to 7 p. ct.; then
common entitled to 7; then preferred has a further prior right to 3 per
cent ; then common to 3 ; then both classes share.'
The prices of stock ha ve been as follows :
In
December, 1882,
Common.
/
,
1882.
1883.
131*8-124
130 -1283a
130*4-130
133*8-128*8
March
145
April
May
131%-125%
131*58-128
134«s-131%
3 40*8 133
January
February
-139
132*2-128*4
138*4-13031
150 -137
150%-144
October
140%-142*s
November...
14538-129%
December
xl393a 130*3
-
...
Preferred.
1882.
1883.
^
141*2-136*2
145 -139
142V137%
15158-14513
147*8-143
141
157
150%-145
-130
-149*3
153 -146%
153%-149*a
152 -141*2
144 -139*3
147*2-112
151*4-140
175 -151%
13<>%-130*8
13l%-125%
July
August
September...
The company has a
,
135:«8-12s58
June
-
171 -164*3
165 -159
10334-115
xi57*3-150*3
-
-
land grant and the summary of the Commissioners’
report showed* that the total consideration for the lands and lots sokl in
1892-83, amounted to #1,205,510. The number of .acres which were
actually deeded from the various grants during'tho year was 200,545,
and the number of nercs under contract of sale at the end of the year was
387.390. The receipts from cash sales and advance payments amounted
to $0(37,500; from time, payments on credit sales, #235 437;
est. on contracts. #58,789; and from trespass on timber lands
from inter¬
and stumpage. #04,717. Total cash receipts, #1,020,4 II. The statement of amounts
secured to be paid to the, company by outstanding contracts of sale in
force at the. end of the fiscal year showed a total of #1,019,241.
TABLE OF
LAND GRANT LANDS FOR YEAR ENDING
Acres
Name of
grant.
Minnesota
Acres deeded
MAY
Acres under
unconveyed
during
contract.
May 31,’82.
1,2 10.854
year.
Mav 1883.
1883.
Lands un¬
sold May
31, 1883.
133,839
55,5 17
329,482
57,290
327,792
91,544
6.04 1
1,021
784,532
485,077
320,125
5,113
2,178.281
200,545
397,399
1,590,336
....
Total
3
512.090
Wisconsin
*Men. liiver..
^Transferred from Men. Riv. RR. grant to
Mich, land grant, 80,431 acres.
for year ending May 31, 18J83, were only $397,178
larger than in 1881-82, and the net earnings were $1,035,703 smaller.
Latest annual report (1882-83) in the Chronicle, V. 37, p. 174, showed
the following cam’s,-expenses, Ac., for whole line, incl. propriot’y roads:
The gross earnings
OPERATIONS
Operations
AND FISCAL
RESULTS.
1879-80.
1880-81.
Pass’gers carried.
3,901.793
4, 182,317
Pass’ger mileage. 140 110,88 1 101,333,508
Rate p. pass. p.m.
2-07 e:s.
2 53 ets.
5,57 4,635
Fr’ght(tns) mov’d
0,002,1 12
Fr’ght(tns) mil’geSt>5,909,5 12
A v.rate p.ion p.m
Earnings—
Passenger
Freight
Mail, express, Ae.
Net earnings
Disbursements
above, viz.: Appleton extension, #110,000, 7s. duo 1885; Green Bay
Rentals paid
Tot.gross
1831-82.
0,75 4,717
—
Dakota Division, 401 miles; total, 3,581 miles.
The Chicago St Paul <k Foml-du-Lac Railroad, which was a consoli¬
dation of several roads, was sold in foreclosure June 2, 1859, and the
Chicago & Northwestern Railway was organized as its successor with a
mileage then of 193 miles, not all complete.
In 1804 the company
absorbed the Dixon Rock. & Kenosha, the Gal. & Chic. Union and tac
Peninsular RR. of Mich.
In 1878 the Lacrosse Tremp. A Prescott RR.
was also consolidated.
The progress of the company in mileage, traffic, earnings, Ac., is best
shown in the comparative tables below. Quarterly dividends were com¬
menced on the preferred stock in February, 1879. The sinking fund
bonds of 1879 arc secured by a deposit of mortgage bonds, on the new
roads acquired at the rate oi #15,000 per mile, and the terms under
which these are issued were published in V. 29, p. 277. The deed sets
forth that this company issues its sinking lund bonds, to run 50 years
from tlie 1st dav of October. 1879. interest not exceeding 0 ner Cent,
and iu amounts not exceeding #15,OOo por mile of railroad actually
constructed or acquired. Of tlicso bonds so far issued, $0,305,000
are
Os and the balance 5s.
There are several small
issues ot
bonds (all less than #200,000 each) in addition to those in the table
| Where Payable, and by
extension, $180,000, 7s. due 1885; Miss. River bridge bonds, $153,000,
7s, due 1884; Beloit & MadisomRR., 3170.000. 7s, due 1883; Minnesota
Val. RR., $150,000, 7s, diie 1908; Plainvicw, $100,000,7s, duo 1908;
Michigan
Total assets...
Income account
2,840,000
1.300,000
3,3 15,000
14,380,000
64,000
26,502,755
22,323,190
971,100
070,300
1,000
1,000
20,380,720
5
0
0
0
7
7
7
0
0
7
5
5
279,000
1,600,000
5,290,000
12,180,073
rr
2,500,000
4,000,000
3,000,000
7,432,000
1.000
1,000
17,025,40 L
10,317,931
4
7
7
89,000
....
1,201,077
3,938,989
11,884,795
rr
2,393,000
1,000
#
5,179,078
14,002,335
1,'05,313
7*3
3,805,000
....
1832.
i
7
7
7
7
7
7
8
3,074,000
1,241,000
215,000
1,000
1,00 )
....
rr
3,505,000
1,000
1,000
1859
1802
3*2
3*2
1,000
....
....
Bonds—Princi¬
pal,'When Due.
J. Boston, Mereh. Nat.Bk.
A. N. Y„ Nat. Park Bank.
O.
New York, Ofiice.
O.
do
do
J.
do
do
A J.
do
do
A O.
'
do
do
A J.
do
do
A J.
do
do
A J.
do
do
A J.
do
do
A A.
do
do
A A.
do
do
A J.
do
do
A J. London and New York.
A J.
New York, Oilice.
A J.
do
do
A J.
do
do
A J.
do
do
A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
Boston.
J. A J.
New York, Office.
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
A. A O.
do
do
/. A D. New York, CoJs Ofiice.
do
do
Q.-M.
F. A A.
do
do
M. A N.
do
do
t
11.083,000
5,279,000
When
Payable
J.
F.
A.
A.
J.
J.
A.
J.
J.
J.
J.
F.
F.
J.
J.
J.
J.
J.
J.
J.
4
n
30,904,261
10.54O.9S3
1,000
1,000
1883
19S0
1880
1880
1879
1880
1S81
1881
1881
1803
Rate per
Cent.
211,500
1,000
1,000
....
1881.
$
Amount
500 Ac.
100
100
....
4,217
..
1879.
xxv
INTEREST OR DIVIDENDS.
Date i Size, or
of
Par
Bonds Value.
4,217
Milwaukee A Western
meut.
Bt.P. AC.lst M.(Riv. D.)$A£(conv.)
1st mortgage, Hastings A Dakota.
1st M.,Cbic. A Mil. line
Bonds on Lac’se A Dav. Div., for Dav. A Nw. RR.
1st mort. on S. W. Div. Western Union RR
1st mort. on Chic. A Pae. Div., Chic, to Miss. -Riv;.
1st mort. on So. Minnesota Div. ($9,t>00,000)
Land grant income bonds
Land grant and income bonds
1st mort. on Hastings A Dakota Div. extended
1st M.on Cli.Cl.D.AM.($700,000of this held in tr.)
1st mort. on Wisconsin Valley RR
Prior mort.
do
1st mortgage, Mineral Point Division
1st mortgage Chic. A: Lake Superior Div
IstM.Wis. A Minn. Div. (#20,000 p. m.)
IstM., gold, on Chic. A Pac.,\V. Div., #20,000 p. m.
Earnings—
Passenger
Freight
BONDS.
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For explanation of column
on first page
AND
STOCKS
earns.
1-49 ets.
$
3,737,313
12,897,778
711,228
17,349,349
1882-83
205,574,178
7,908,500
248,856,303
2-52 ets.
2-46 ets.
8.190,893
7,874,605
930,522,774 1,192,188,039 1,183,829,358
1-42 ets.
1-47 ets.
1-47 ets.
$
$
-$
4,158,130
5,171.423
0,119,610
17,525,13 4
10,89 4,352
1-1,4L l, 15L
988,099
1,007,367
701,791
23,034,056
24,081,835
f
3,571,119
J
1,780,14')
3,372,994
2,322,099
7,201,952
19,334,072
Expenses—
Maini’iico of Way)
C D S, Ac
(
I’ninsnortation.. f 8,049.358
Mi'celluneous
j
Taxes
332,211
“
Total
9,379,619
(.
4
90,080
440,202
522,558
018,785
12,039,634
11,045.022
10,009,319
8,431.599
10.425,821
earnings
8,917,750
8,908.251
P.c. op.ex.to earn.
43-59
53-92
Net
0,327.253
429.25J
1
53 37
14,072,516
58-44
INCOME ACCOUNT.
1379-80.
•#
Receipts—
—
1 S31-82.
1830-81.
8,917,750
$
#
8,998.251
#
1,403,003
1,384,732
#
11,045,022
#
’
1,509,013
1882-83.
$
10,009,319
$
1,570,948
RAILROAD STOCKS
XXVI
Subscribers will confer
a
first page
on
BONDS
(Tol. XXXVII,
great favor by giving immediate notice of any error discovered in these Tables,
DESCRIPTION.
For explanation of column
AND
headings, Ac.,
of tables.
see
notes
Amount
Outstanding
Bowls—Princi¬
OR DIVIDENDS.
INTEREST
j
Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
Rate per When Where Payable, and by
Cent.
Whom.
Payable
pal,When Due.
Stocks—Last
Dividend.
Chicago d Northwestern—(Continued'—
lstmort., general, 3d inert., Chic, to Oshkosh
Consol,
sinking fund mortgage
Madison extension, 1st inert., sinking fund, gold.
Chicago & Milwaukee, 1st mortgage
193
779
126
85
25
120
Menominee River. 1st mort., guar
Menominee extension, 1st mortgage, gold
Gen. cons mort., gold, coup, orreg. ($18,000,000) 1,058
Winona & St. Peter, 1st mort., guar by Chic. AN W.
137
do
do
2d mort., guar, by Chic. A N.W.
1st M. exten., gld, land gr., s. f..
Iowa Midland, 1st mort., guar, by Chic. A N. W..
Northwestern Union, 1st mortgage, gold
Rochester A No. Minnesota, 1st mortgage
Chic. Mil. A N. W., construction bonds
Chicago A Tomali, lstmort., guar
Milwaukee A Madison. 1st mort., guar
Sink. fd.bds.(lst M. as collateral) ($15,000 p. in.)..
S. f. debenture bonds (for C. St. P. M. A O. stock)
Des Moines A Minneapolis ItR. lstmort. Bonds...
Escanaba A Lake Superior RR., 1st mort
Dakota Central RR., 1st mort
do
1st M., Southeast Div. (for $2,000,000).
137
175
75
62
24
.
-
.
•
....
58
30
..
Tot.disb’rsem’ts
1880-81.
2,405,521
7
0
107,502
1.700,000
500,000
....
1,000
1,000
1,000
1,592,000
4,091,500
1,350,000
500 Ac.
3,374,000
200,000
....
750.000
....
1,528.000
i,6bo
1879
1883
1882
1881
1,000
14,090,000
1,000Ac
10,000,000
....
....
580
5.80
117
208
93
01
1,600,000
600,000
720,000
1,065,000
1,000
1,000
....
1,000Ac
1,000,000
1,041,000
1,000,000
(D
41,960,000
12,500,000
100 Ac100
100
10,009,00 )
17,532,600
1871
1881
1,000
1,000
100
....
1877
1809
1883
1,000
715,000
510.500
....
1881-82.
18S2-83.
$
3,999,208
2,580,037
$
4,288,633
2,890,337
7
0
7«4
8
7
Q.-F.
A.
J.
J.
J.
J.
J.
M.
J.
A.
M.
M.
M.
M.
M.
&
&
&
&
&
&
St
A
A
A
A
M.
F.
I.
M.
M.
A
A
A
A
A
.
7,243,101
7,551,022
8,253,583
8,84 8,038
1,074,049
i .357.229
2,791.439
1,101,281
CLOSE OF EACH FISCAL YEAR.
1880-81.
1881-82.
1882-83.
$74,120,342
48,311.241
$70,739,549
54,079,521
$80,420,032
55,008,372
200,030
303,809
200,000
200,000
Materials, fuel, Ac
1,233,235
1,125,779
1,255,098
Cash
1,077,805
805.819
1.282,033
2.291.340
1,700.003
*2,913,219
1,245,918
2,5 26,482
2,710.498
1,117,000
1,321,000
1,525,000
A ssets•
Chic. & N. W. — Road & equip..
Other companion
do
Real estate in Chicago
Des Moines St Minn. RR
Bonds owned
Bills and accounts receivable.
on
hand
Trustees’
sinking fund
Total
Liabilities.
Stock, common t
£129,704,309 $139,139,871 $147,210,021
$15,093,488
$15,095,924
$10,229,910
21,050,783
21,244,050
57,«*00,000
303,000
22,153.119
22,323,100
-2:,405.100
09,821.000
400,000
Stock, preferred t
Stocks of propriet’ry roads,Ac
Bonds l (See Suitlement)
Bonds purchased
Divid’ds declared, not yet due
Real estate, mortgages, Ac
Current bills, pay-rolls. Ac
Uncollected coupons, Ac
Rentals of roads in la., not due
General consol, bonds unsold.
Note of Consol. Coal Co
Land income
Accrued interest not due
Miscellaneous
Balance income account
Total
300,000
971,185
831.481
1,117,000
482,700
Sinking funds paid
*
22.883.150
04.2 IS000
2,529,390
1,321,000
401,774
2,141.31 L
03,786
272,232
530,000
74,829
439.935
407,000
089,53 £
675,430
4,098
303,046
675,430
17,329
7,533.987
7.204,582
1,02 1.400
1,5 2 5,000
1,905,053
x 2,068
550,30 1
284,000
300,000
l,03:y,5C5
075,395
00.001
8.425 803
8129,704,309 $139,139,871 $147,210,021
$554,009; general consol, gold bonds,
Consol, sinking fund bonds,
$284,000; Northwestern Union lstmort. $1,000; bonds of sundry
prietary roads, $2,074,219.
pro¬
f Including bonds in sinking funds.
tNoi including amount in company’s treasury.
—(V. 35, p. 187.205,291.297, 3i7, 374.405,431, 478, 577,677; V.
30, p. 183, 305,453,051, 075 ; V. 37. p. 174 )
Chicago Pekin & Southwestern.—July 1,1 SO l. operated from Pekin, 111.
to Mazou Bridge, Ill.. 91 miles, of which 0 miles leased. Chartered in
1859 and opened in 1870.
Receiver appointed in June. 1877. Sold
under foreclosure of second mortgage May 31. 1881, and to be reorgan¬
ized. For year 1881-82 gross earnings were $300,003; net, $120,892.
In February, 1882, A, II. Crocker was appointed Receiver. (V. 32, p.
312, 520, 0i2, 058, 085; V. 33, p. 124, 328, 587; V. 34. p. 204.)
Chicago Portage d Superior.— This road is projected from Chicago to
Superior, about 407 miles, with a land grant in Wisconsin under chapter
120 of the laws of 1874. The total amount of the mortgage is $10,200,000. In January, 1882, a control of the stock was sold to Chicago St.
Paul & Minneapolis or Chicago Rock Island St Paciiic parties.
See
references. Win. H. Schofield, President, Ne\s York. (V. 32, p. 030; V’.
33, p. 407; V. 34, p, 114, 145, 203, 548.)
Chicago Rock Island d Pacific.—March 31, 1883, owned from Chicago
to Council Bluffs, 500 miles; Davenport, Iowa, to Atchison, Kan., 315 ;
Atchison Junction to Leavenworth, Kan., 215; Washington, Iowa, to
Knoxville, 77*5; South Englewo d to South Chicago, 7*5; Wilton to
Muscatine, 12-5; Newton to Munroo, 17‘5 ; Dos Moines to Indianoiaand
Winterset, 48 1; Menlo to Guthrie Centre, 1 1*6; Atlantic to Audubon,
25*5; Atlantic to Griswold. IPO; Avocu to Harlan, 12; Avoea to Careon, 17*5; Mt. Zion to Keosauqua, 4*5. leased : Cameron, Mo., to Kan¬
sas City, 54; Bureau Junction to Peoria, 47 miles; Keokuk to Des
Moines, 102. Total operated, 1,381 miles. This company includes the
former Mississippi & Missouri Railroad of Iowa, which was foreclosed
under mortgage in 1800. The Illinois and Iowa roads were consolidated
August 22,1800, under the present title, uml the main line was extended
to Council Bluffs June, 1809. The Iowa Southern A Missouri Northern
was formerly the Chicago A Southwestern, and was foreclosed and pur¬
chased by this company, and consolidated June, lSSo. The present
Chic. R. I. & Pacific was a consolidation June 4, 1889, with $59,000,000
stock authorized, and a scrip dividend of lot) per cent to the holders of
Chic. R. I. & P. stock. The fiscal year ends March 31, and tin* annual re¬
port for 1882-3 was in Chronicle, V. 30, p. 730. As compared with the
previ ms year, the movement of passengers one mile increased 16 89 p.ot.
The gross earnings from passenger transportation increased 10*81 per
cent.
The average tonnage movement decreased 8 per cent.
The
N.
D.
0.
S.
S.
N.
N.
S.
O.
N.
A.
J.
S.
N.
F. A A.
J. A J.
Q.-F.
York, Co.’s Office.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do >
do
do
do
do
do
do
do
do
do
do
do
do *
do
do
do
dodo
do
do
N. Y„ Farit. L. A T. Co.
New York.
New York, Co. s Office.
do
do
do
do
A. A O. New York. 66 Br’dway.
Various N Y., Union Trus Co.
J. A J. N. Y., St. Nick. Nat. Bk.
A. A O. N. Y„ Union Trust Co.
F. A A. N. Y.. St. Nicli. Nat. Bk.
Aug. 1, 1885
Feb.
1, 1915
April 1, 1911
July 1, 1898
July 1, 1906
June 1, 1911
Dec.
Jan.
Nov.
Dec.
Oct.
June
1, 1902
1, 1887
1, 1907
1, 1916
1900
1.
1, 1917
Sept. 1, 1908
Nov. 1. 1905
1905
Sept. 1, 1905
Oet.
1, 1929
May 1, 1933
Feb. 1, 1907
July 1, 1901
Sept. 1, 1907
Nov. 1, 1907
*
Aug. 1, 1901
1, 1921
May 1, 1883
July 1, 1917
Nov., 1899
Jan.
April 1, 1932
1893 A’95
Nov., 1904
Dec., 1905
Feb., 1884
rate i>er ton per mile decreased from 1*28 cents to 1*11 cents. The gross
earnings from freight transportation decreased 8*0 per cent. The
mileage,earnings, Ac., have boon as follows for live years past:
1879-80.
1880-81.
1,311
1,353
$
Earnings—
Passenger
Freight
1881-82.
1,381
$*
2,853,331
9,087,097
726.215
$
2,318.452
2,500.135
8,03.5,165
1882-83.
1,331
$
3,333,060
7,928,236
928,593
703,945
8,090,130
706,292
Total gross earn’ga.
Total
11,001.001
11.956.907
5,790,541
0,030,150
13.266,643
7,322,862
12,189,903
7,109,817
Net earnings
P.e of op. ex. to earn,
5,26'*,121
52*40
5,326.751
55 45
5,943,781
55*20
5,080,0S6
58*33
Mail, express, r’nts.Ao
c
Balance, surplus
A
A
A. A
Miles owned A opor..
98,120
A
0.
J.
J.
D.
D.
J.
J. A J.
M. A N.
5 g.
7
*7
7
7
2,632,000
....
F. A A. New
1^
6
7
16,500^000
....
....
98.120
7
6 g.
224,000
1804
1805
GL>
7 g7 g.
7
7
7 g8
7 g.
7
6
6
6
5 & 6
5
7
6
6
6
5,000,000
...
$
3,047.897
2,420,273
98,120
2,559,000
12,343,000
2,469,000
100 Ac.
580
Preferred stock ((5 per cent cumulative)
1st mortgage, gold ($22,00'>,000)
1st M. Chic. & G’t East. (Chic, to Logansport).
Col. & Ind’polis Cent. (Col. to Ind’s, Ind.j..
do
do
Union St Logansp’t (U’n City to Logansp’t)
do
Tol. Logansp’t A Burl.(Logansp. to Ill. line)
1,000
1880
....
90
Chicago SI. Ijouis d Pittsb.—Common stock
2,987,500
500 Ac.
500 Stc.
7
7
7 g.
7
7
$1,440,300
7,033,000
500 &o.
....
1870
1871
1872
1870-1
1870-1
1871
1870
1872
1878
....
....
Interest on debt.
Dividends
Rate on pref
Rate on common.
Miscellaneous
1,000
....
80
Chic.Portaged: Superior— 1st mort., gold
Chicago Rock Island & Pac.—St’ek (for $50,000,000) 1,381
1st mortgage, coup, or reg
636
271
Cliic.A 8outkw.. 1st M.g. (g’d in cur. by C.R.I.&P.)
$
3,322,015
$100Ac.
....
Other small issues (see remarks below)
Chicago Pekin d Southwestern—1st mortgage
1879-80.
1859
1865
1871
_____________________
INCOME ACCOUNT.
Receipts—
Net earnings
..
$
5,320,751
$
5,943,781
5,080,086
37,277
350,000
490,000
13,203
650,000
500,000
5,015.121
5,854,028
6,606,989
Miscellaneous
From land departm’t
Total income
Disbursements—
Rentals paid:
Interest on debt
Dividends
Rate per cent
Miscellaneous
Add. and imp. hoc’t
$
$
5,265,121
$
$
$
5,040.086
.$
304,363
135,037
322,137
327,593
1,078,110
919,700
2,727,387
71!
950,000
950,000
2,937,186
7
2,937,185
7
127,327
147,595
2,285,000
2,215,000
1,300,000
2,097,988
10
*
Total disbursements.
3,311,135
0,284.221
6,555,106
5,039,143
Balance. sii *plus
2,303.980 dof. 130.190
943
51,883
The report of the Land Commissioner says that the sales by warranty
deeds or contracts to convey by warranty in 1882-3 amounted to 27,306
The consideration, paid or secured, was $278,513, the average
acres.
price being, therefore, nearly $10 20 per acre. The bills receivable have
decreased from $1,590,031 to $1,403,183 during the year. The amount
received for interest, Ac has been $99,415. The land office has remitted
during the year to the Treasurer of the company at New York the sum of
$500,000 from its net receipts. The unsold lands of the company com¬
(V. 35, p. 20; V. 30. p 305,500, G51,
prise only about 34,750 acres.
730.)
,
Chicago St. Louis d Pittsburg—Dec. 31, 1882, mileage was as follows :
Columbus, O., to Indianapolis, Lid.. 18/ miles; branches—Bradford June..
O.,to
Chicago, Ill., 231 miles; Richmond, Iml., to Anoka June., Iml., 102
miles; Peoria Junction, lud., to Ill. State Line, 01 miles; total operated,
582 miles. This is the reorganization (March 20, 1883,) of the Columbus
Chicago & Indiana Central road, sold in foreclosure on Jan. 11,1883.
The C. C A I. C. company was formed Feb. 12, 1808, by consolidation of
the Col. St lud. Con. and Chic. St Gt. East railroad companies, and was
leased to the Pitts. Cin. St St. Louis Railway Co. Feb. 1, 1809, by which
it has been operated, under direction of the U. S. Circuit
Court, for account of recrivers of the Col. Chic. St Lid. C. Railway
company
The lease stipulated that the lessees should maintain the road and
equipment, operate it, and pay over to the lessors 30 per cent of the
gross earnings. Also, that the rental should always be equal to the inter¬
est on $15,(>00,000 first mortgage bonds of the C. C. A I. C. Railway
Company, and $821,000 of the second mortgage bonds of the Col. &
Lid. Railroad Company. The plan of settlement with the Penn. Rli was
approved by a majority of bondholders. This provided that the consoli¬
dated mortgage <>f the Col. (’hie. St Indiana Central Railway Company
should be foreclosed Subject "to the old sectional mortgages.
That the
property thus sold be bought in and the purchasers*form a new corpora¬
tion to take the property, with a capual of $10,01)9,000 in common stock
and $20,000,000 in preferred stock, the latter to be entitled to dividends,
if earned, at the rate of 0 per cent per annum, as declared by the board
of directors, and to be cumulative. That the new corporation issue its
first mortgage bonds for $22,000,000, payable at the end of fifty years,
iu gold coin, with interest at the rate of live per cent per annum, Ac.
Common stock of the old company was assessed $5 per share cash, and
out? share of 'new stock then given for two of old.
A statement of the
resources of the new company as reorganized was given in the ChronOLE, V. 30, p 509.
Operations ;and earnings tor live years past were :
Gross
Net
Passenger
Freight (ton)
Miles.
Mileage.
Years.
Mileage.
Earnings.
Earnings.
58 1
1878...
305,019,182
32,132,185
$3,433,005 $411,514
1879...
5:80
3,911,201
750,300
402,850,402
33.907,43 4
Co.
..
IS.sO...
1881.
1^82...
581
..
41.432,531
43,407,470
441,353,919
54*2,015,108
*
4,795,771
4,953,72*2
720,200
641,053
5,122,943
703,584
-(V 34, p. 170. 201. 001,030; V. 35, p. 189, 347, 431, 574. 705; V. 30,
p. 55, 139, .51,339, 453, 509.)
Chicago St. Paul Minn, d Omaha.—'The mileage Dec. 31, 188 2, was
follows: Eastern Division—Elroy to St. Paul, 198 miles; River
Falls Branch,
12 miles; Stillwater Branch. 4 mnes: South Still¬
water Branch.
4 miles;
Eau Claire Branch, 3 miles;
Neilsville
Branch, 14 miles; Chippewa Falls Branch, 14 miles; St. Paul to Minne¬
apolis, iO miles. Northern Division—North Wisconsin Junction to
581
.
'j ‘
?■
KAlLKOAD
August, 1883. J
Subscribers will confer
BONDS.
XXV11
INTEREST
Miles
explanation of column headings, Ac.,
on first page of tables.
Date Size, or
of
of
see notes
par
Road. Bonds Value.
Chicago St. Louis d Pittsburg—( Continued) —
1st M.,Col.A Ind. com.,lst A2d pf.(Col. to U’n City)
102
do
Cinu. A Chic. Air Line(Richm’d to Logans.)
107
2d M. Col. A Ind’polisCent. (Cow to Union City)..
208
Chic. St. Paul Min'polls d Omaha—Common stock.. 1,003
Preferred stock
1.003
Consol, mortgage (for $30,000,000)..
Chic. St. Paul A Minn., 1st mort., gold, coup
177
North Wisconsin, 1st mortgage...
120
St. P. & Sioux City, mort., gold, for $7,000,000
605
St. Paul Stillwater & Taylors’ Falls, 1st mort
23
Hudson A River Falls. 1st mort
12
Minneapolis East RFC, 1st mort., guaranteed
23
Chicago d- West. Indiana— 1st mortgage.
General mortgage, gold (for $10,000,000)
Ch icago d West Michigan—Stock, new
367
1st mortgage, New Butt', to St. Jo
Gr. Rap. Newaygo A Lake Sh., 1st mort. coup
35
do
2d M. on 35 m. A 1st on 11 m., coup
46
General mortgage ($12,000 per mile)
Cincinnati d Eastern—1st mort. (for $2,000,000)...
Cm. Georgetown & Portsmouth.—Stock ($11,067 pf.)
35
Cincinnati Hamilton d Dayton—Stock-.
60
Preferred stock for $1,000,000
60
2a moit. (now 1st)
60
Consol, mort. ($006,000 are 7s), sink, fund 1 p. c
60
Cin. Ham. A I. (Junction) RR., 1st mort., guar
98
Cincinnati Indian up. St. Louis d Chicago—Stock..
342
Ind. A Cin. of 1858, 1st mort
90
151
Indianapolis Cin. & Laf. mortgage
Cin. A Ind., 1st mortgage
20
do
2d M., guar., and funded coupons
20
1st mart., Cin. Ind. St. L. A Chic, (for $7,500,000)
194
Cincinnati Lafayette A Chicago, 1st mort., gold
56
Cincinnati d Muskingum Valla/—1st mortgage
148
Cincinnati Aew Orleans d Texas Pan tie—Stock
336
....
.
.
..
....
..
i.
....
....
..
1863
Outstanding
$....
$372,000
113,000
1864
....
....
1880
1878
1880
1879
1878
1878
1879
1879
1882
....
1869
1871
1875
1881
821,000
ioo
1,000
1,000
....
....
....
1,000
....
1858
1867
1862
1867
1880
1871
1870
....
Total owned. 1,115 miles.
7
7
7
1,000
is*
6
6 g.
A
A
A
A
A
A
A
A
A
3
8
8
7
5
M.
J.
J.
J.
A
A
A
A
75,000
7
480.000
576,000
30.500
2,001,000
498,200
125,117
3,5 Ob, 000
O
347,900
1
1.000
465.000
1,000
2,450,000
1.000
100
500 Ac.
1,800,000
8,000,000
1,600,000
2,790,000
7
6 A 7
7
1 Vi
7
7
7
7
6
7 g.
7
3
....
100
1.000
1,000
1,000
1,000
100
Pro¬
Stocks— Last
Dividend.
Whom.
Trust Co.
do
do
Dec., 1883
1886 to ’90
Nov., 1904
499,000
1,330,000
1,188,000
1,120,000
1,500.000
3,000,000
New York, Office
D. N. Y., 52 Wall Street.
N.
do
do
J.
do
do
O.
do
do
J.
do
do
J.
do
do
J.
do
do
N. N. Y., Droxel. M. A Co.
N. N. Y., 52 Wall Street,
Boston.
S. Bost.. Treasurer's oftice. i
J.
N. Y. Union Trust Co.
D.
do
do
D.
Q.-J.
J.
M.
J.
A.
J.
J.
J.
M.
M.
8
6,796,800
....
1,000
1,000
500 Ac.
1,000
1,000
pal, When Due.
Where Payable and by
When
Pay’ble
J. A ,T. N. Y., Union
Various
do
M. A N.
do
6
6 g.
6
6 g.
7
125.000
7,200,000
....
1865
1875
1873
20,015.800
11.900,900
9.520,000
3,000,000
800,000
6,080,000
334,800
3,300,000
....
....
Rate per
Cent.
Ronds—Princi¬
OR DIVIDENDS.
-
100
1.000
500 Ac.
Cable, 120; Superior City Bridge, 62 miles. St. Paul Division—St. Pan'
Lake Crystal to Elmore, 44. Sioux City Division—
City, 1-18; Sioux Falls Branch, 98; Black Hills
Branch, 44; Rock River Branch. 28. Nebraska Division—Covington to
Omaha, 126; Niobrara Branch, 16; Missouri River transfer, 2 miles;
Branch to Emerson, 46 miles.
Amount
....
to St. James, 122;
St. James to Sioux
Norfolk
AND
great favor by giving immediate notice of any error discovered in these Tables.
a
DESCRIPTION.
For
STOCKS
j
20*
July
June 1.
1883
1930
May 1, 1918
Jan.
1,
1930
April 1, 1919
Jan. 1, 1908
Julv 1, 1908
Jan. 1, 1909
Nov. l. 1909
Nov. 1, 1931
Feb. 15, 1883
Sept. 1889
July 1, 1891
June 1, 1905
1921
Sardinia, Ohio.
o
A.
x4
A O. N. Y.,AViusiow, L. A Co.
Q.-J.
J. A J.
A. A O.
J. A J.
Q.-J.
do
do
do
do
do
do
New York.
Jan.
5, 1883
July 1, 1883
July 20, 1885
Oct., 1905
Jan., 1903
April 16, 1883
A O. N. Y.,Amer5 Ex. Bank.
April, 1888
A.
F. A A.
do
do
Feb.. 1897
J. A D.
do
do
Dec., 1892
J. A J
do
do
Jan., 1887 .’92
M. A N.
do
do
May 1, 1920
M. A S. N. Y., Am. En oil. N. Bk.
Mch., 1901
J. at J. New York, Moran Bros.
Jan., 1901
Feb. 5, 1883
D., 9 miles: total operated, 35 4 miles; each lease reported separ¬
ately. In April, 1882, Mr. Jewett, of the Erie, and associates, obtained
control of the stock by guaranteeing 6 per cent on 29.000 shares which
were purchased and deposited in trust and trust certificates issued there¬
for; the guarantee, is to make up any deficiency in 6 per cent dividends
on those shares after the
application of net earnings thereto.
In
August, 18s2, the issue of $1,009,000 preferred stock was voted for
improvements.
Annual report for 1882-83 in V. 36. p. 705 and 730.
prietary roads, 35 miles. Total of all, 1,150 miles. This was a consoli¬
dation July, 1880, of the Chicago St: Paul A Minneapolis (formerly West
Wisconsin), the North Wisconsin, and the St. Paul A Sioux City. See Income account for four years was as follows,
including all the roads
statement in V. 30, p. (575.
operated:
The Chic. St. Paul & Minneapolis 1st mort.is a 2d on the lands; the
1880-81.
1881-82.
1882-83.
laud mort. a 2d on road; but no foreclosure can be had except by de¬ Gross receipts
$2,961,446
$3,088,407
$2,882,300
fault on 1st mort. The North Wisconsin was in progress from Lake St.
Operating expenses
$1,895,300 $**031,601 $2,014,907
Croix to Bayfield, Wis., 165 miles
The St. Paul A Sioux City was a
g
83.002
80,022
85,119
consolidation in August, 1879, of the St. Paul A Sioux City and the Taxes, Ac
Interest
539,516
512,096
579,315
Sioux City A St. Paul, forming a main line from St. Paul to Sioux City,
I). A M. dividends
13 f, 16 4
132,902
132,015
270 miles. The St. Paul Stillwater & Taylor’s Falls was consolidated
750
3,318
3,710
with this company; also the Worthington Sioux Falls A Iowa and Cov¬ Sundries, profit and loss
Other items
14.500
10.086
6,880
ington A Black Hiils. Preferred stock has a prior right to noil-cumula¬
tive dividend of 7 per cent from net earnings; but common is never
Total expenses and interest
$2,705,751
$2,799,750 $2,751,778
to receive more than is paid on preferred.
In December, 1882. a controlling interest in the stock was purchased
Net surplus
$176,554
$161,696
$336,629
for the Chicago A Northwestern Railway.
—V. 35, p. 102, 211, 235, 297, 762; V. 36, p. 705. 730.)
Report for 1882 inCiikomclk, V. 37, p, 126. Earnings, Ac., as follows
Cincinnati Indianapolis St. Louis d Chicago.—June 30, 1882, owned
1881.
18,82.
Miles owned and operated
1,003
1,150 from Cincinnati to Lafayette., Ind., 174 miles; Lawreuceburg branch,
2 miles; Harrison branch (partly owned), 7 miles; Fairland F. A M.
Earnings—
Passenger
$944,329
$1,311,217 Road, 36 miles; and Cincinnati Lafayette A Chicago (leased), 75 miles;
Freight.
2,913,521
3.478,621 Vernon Green. A Rush., 44 miles (leased); Kankakee A Seneca (onehatf owned), 12
1 7-.361
miles; total operated, 382 miles.
Mail, express, Ac
Formerly the
101,111
Indianapolis Cincinnati A Lafayette, which was a consolidation in
Total gross earnings
$ 1,021,961
$4,962,202 1876 of the Indianapolis A Cincinnati and the Lafayette A Indianap¬
olis railroads, tin*
INCOME ACCOUNT.
company taking a perpetual lease of the Cincinnati
A Indiana Railroad. On August 1. 1876, a receiver was appointed
1882.
Receipts—
1881.
and
the
road
was
sold in foreclosure Feb. 2, 18.80, and this company
Net earnings
$1,245,499
$1,721,415
Net. from land grants
501,144
516,825 organized. Of the $7,500,000 new bonds $6,865,000 was reserved, into
winch all of tlie old bonds prior to the Indianapolis Cin. A Laf. 7s of
Other receipts.
644
78,5*55
1869 could be exchanged at par. In July, 1881, $2,000,000 new stock
Total income
$1,828,228
$2,208,884 was sold to stockholders .at 70, and proceeds used to extinguish floating
debt ($1,060,000); also, $300,000 contributed tow mis a new line to
Disbursements—
Rentals paid
$53,059
$27,736 Seneca and balance used for other purposes. In June, 1882, another
Interest on debt
893,536
1,01 1,530 issue of $1,000,000 new stock was voted. Annual report in V. 35, p. 346.
INCOME ACCOUNT.
1880-81.
1881-82.
Divi lends on preferred stock.
672,737
735,397
Rate of dividend
$
Ileeei/its—
$
(7)
(7)
Gross earnings
2,525,991
2,365,058
•.
Total disbursements
961,450
1,000,609
$1,619,332
$1,777,663 Net earnings
Disbar semen!s—
Balance surplus
i*
$208,896
$191,221
Renta's paid
6.89 4
6,732
—(V. 34, p. 315, 344, 480. 548, 5 19. 663 ; V. 35, p. 213. 265, 297, 372,
Interest on bonds
59 4,326
565,909
601, 737; V. 36, p. 651 ; V. 37, p. 9 •, 126 )
180,000
360,000
Chicago £ West. Indiana—Owns from Dolton and Ilammond, 111., to Dividends
4 ^2 p. c,
6 p. c.
Chicago, with a belt railroad and branches, with warehouses, elevator, Rate of dividends
Ac.', 114 miles of track in all, and about 400 acres of real estate.
Total disbursements.
752.803
958.058
Opened May, 1880, and leases road for right of way into Chicago to the
.
.
Wabash, the Grand Trunk of Canada, the Chicago A Eastern Illinois,
Cldc. A Atlantic and Louisville New Albany A Chicago roads; t he
annual rental® amount to $762,650, exceeding the interest charge, by
$132,650. Stock was $500,000, lmt in February, 18,82, a consolidation
was nvttde with stock of $5,000,000 and bonds limited to $10,000,<>00:
tin1 general mortgage bonds are liable to be redeemed alter 1885 at
105 by a sinking fund.
(V. 3 4, p. 176. 291; V. 35, p. 456.)
the
Chicago d West Michigan.—Doe. 31, 1882, owned from Lacrosse..
Michigan, to Pent water, Mich., 209 miles; branches—Holland Junction
to Allegan, 23*iniles; Holland to White Cloud, 70 miles; Fruitport to
Muskegon, 10 miles; Kirk’s June, to Piekaml’s June., 3 miles; Mus¬
kegon to Port Sherman, 6miles; Woodville to Muskegon River, 17 miles;
Mears to Hart, 3 miles; B. R. Junction to Big Rapids, 51 miles;
White River Junction
to
West Troy;
17 miles;
total
oper¬
ated, 410 miles.
Organized as successors of Chicago A Michigan
Lake Shore Jan. 3, 1879, and consolidated in Sept.,
1881, with
the Grand Haven road, 57 miles, Muskegon to Allegan, and the Grand
Rap. Newaygo A Lake Shore, 16 miles, from Grand Rapids to White
Cloud. Th«- annual report in V. 36, p. 425, gives a. good account of
+he company’s progress,
in ls82 gross earnings were $1,503,433 ; net,
$455,6 45. Earnings in 1881, $$1,325,052; net $270,072.
(V. 34, p.
86, 522, 547
V. 35. p. 577; V. 36. p. 425.)
;
Cincinnati d Eas'em.—Road Cincinnati to Ottawa, O., 87 miles, and
branch to Richmond, 12 miles.
In progress to Portsmouth, 19 miles.
New arrangement made by a syndicate in 1883.
(See V. 36, p. 365; V.
37, »). 22.)
Cincinnati Georgetown d Portsmouth.—Owns from Columbia, O., to
Hamersville, O., 35 miles. Narrow gauge and bonded at $6,000 per
mile; bonds ottered in 1881 in Boston. Bonds, $10,000. Earnings in
1882, $33,272
surplus
interest, $3,402.
Dayton.—.March 31, 1883, owned from Cin¬
cinnati, O., to Day ton, O., 60 miles; leased—Dayton A Michigan, Dayton to Toledo, 142 miles; Cincinnati Hamilton A Ind., Hamilton to
Indianapolis, 99 miles; Cincinnati Richmond A Chicago, Hamilton. O.,
to Indiana State lino (and leased road), 44 miles; McCo uh Toledo A
Cincinnati
;
over
Hamilton d
Balance, siirolus
—(V. 34. p. 231. 37.6,
603,687, 714, V. 35,
399. 426, 560.)
p.
I
208,687
42,551
1,515; V. 36 p. 29, 195,
,
Cincinnati d Muskingum Valley.—Dee. 31, 1862, owned from Morrow,
().. to Dresden Junction, <>., 148 miles. Chartered as Cion. Wilm. AZanes.
in 1851 an 1 opened in 18r>7.
Sold under foreclosure Oct. 17, 1863, and
as Cincinnati A Zanesville,’March
11, 186-4.
Sold again
Dec. 10. 1869, and reorganized as at present.
Leased for 99 years from
Jan. 1, 1873. to P. C. A St. Louis, lessees to pay all expenses and inter¬
est. any excess of earnings to inure to the lessors.
Gross earnings in
188], $395,321 ; net earnings, $20,275. In 1882 gross $386,740; net
reorganized
$66,864; interest paid, $105,000; deficit advanced by lessee, $18,135,
against $84,725 deficit in 1881. Capital stock, $3,997,320.
(V. 32, p.
498.)
Cincinnati Yew Orleans d Texas Pacific—This is the company organ¬
ized to operate the Cincinnati Southern under the Erlanger Syndicate,
and 51 per cent of the stock is held by the English company, the Ala.
N. O. A Texas Pacific. Junction Co., Limited.
Tile rental due the Cin.
Southern is $81:2,000 per vear till 1886, then $912,000 till 1891,
$1,012,000 Till 1896. $1,102,001> till 1901, ami $1,262,000 till 1906.
For 1862, gross earnings, $2,570,057 ; net, $991,131 ; rental, Ac.,
$8*0, >78; surplus. $105,0 >3; dividend in Feb., 1883, $90,000.
Cook, President. (V. 3 4, p. 79, 479, 521 ; V. 36, p. 80, 365.)
Theo.
Cincinnati Northern.—Dayton. O', to Cincinnati, 60 miles. Connect¬
ing line of the Toledo Delphos A Burlington, and in March, 1883, con¬
solidation with the Tol. Cinn. A St. Louis was voted. There are also
$1,000,000 of income bonds, and
an .authorized issue of $1,000,000
Avondale branch, ol which $700,000 are out¬
standing. The coupons of 1st inert, bonds from Oct., 1882, to Sept., 1884,
mortgage bonds on the
inclusive,
were
to be funded into a o
earnings in l^Sl-sg, $47,360.
Cincinnati
Richmond,
d
p.V. scrip. Stock, $1,000,000. Gross
(V. 36, p. I<»8, 365, 399: V. 37, p. 176.)
Chicago.—March 31,
1883, owned
from
Hamilton, O., to Indiana State Line, 37 miles; leased, Richmond,
Ind., to Ohio State Line, 7 miles; total operated. 44 miles.
Char¬
tered as Eaton A Hamilton in 1847 and opened in 1863.
Reorganized
liAILliOAD
xxvni
Subscribers will confer
a
For explanation of column headings, &c., see notes
first page
of tables.
Cincinnati Northern.—1st, gold, mortgage
Cin. Richmond d£ Chic.—1st mort., guar. C. II. A D..
2d mortgage, guar, and owned by C. H. & D.....
Cin. Richmond <£ Ft. IF.—1st mort., gold, guar
XXXVI?1.
Vol.
JSize, or
Value.
Outstanding
1880
1866
1869
1871
$1,000
$1,000,000
560,000
65,000
Par
Mortgage bonds, Sandusky, Dayton & Cincinnati
Mortgage bonds, Sandusky City & Ind
mortg. Cine., Sandusky A Cleve
Cincinnati <£• Springfield—1st mortgage, guar
1.000
50
50
1866
1852
1867
1871
1872
.
2d mortgage
Cincinnati Wabash d
Amount
1,000
1,000
Preferred stock
Bonds—Princi"
INTEREST OR DIVIDENDS.
Date
of
Bonds
Cincinnati Sandusky <£ Cleveland—Stock
2d
AND /BONDS.
great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
on
STOCKS
Rate peri When
Where
Cent.
I Payable
Whom.
Dividend.
Oct.
M. A
E. &
M. &
J. A
A. A
J. A
666,000
350,000
1,072,300
2,000,000
651,000
1.944,500
N.
do
.Tuiie. 1921
Dec. 1, 1882
do
May 1, 1883
Aug. 1, 1900
Sent. 1, 1897
A.
S.
D.
Boston, Second Nat, Bk.
Boston, Office.
Boston, Second Nat.Bk.
O.
N. Y., U. S. Trust Co.
J.
do
1, 1920
Juljr, 1895
Jan. 1, 1889
Boston, Ollice.
428/ 97
Michigan—Stock (S3,000,000)
Cincinnati Washington & Salt.—Common stock
Payable, and by Stocks—Last
6 g. j A. A O. N. Y., Ceo. W. Ballou.
7
! J. A ,T. N. Y., Winslow, L. A Co.
7
do
do
jJ. A J.
& D. N. Y., Winslow, L. A Co.
1.800,000
4,015,750
1,000
1,000
pal,When Due.
1, 1890
April 1, 1901
Deo.
do
1902
Preferred stock
1 st mortgage
2d mortgage
3d mort. (3 per cent for 10 years and 4 alter)
1st income mort., non-eumulative
2d inoorne mort., non-cumulative
Baltimore Short Line mortgage
Cincinnati & Baltimore mortgage
Scioto A Hocking Valley mortgage
Cleveland Akron d Columbus—Stock
Cleveland Columbus Cincinnati d Ind.—Stock
1st mortgage Bel. & Ind
do
C. C., C. A I. sinking fund
Cons. M. for $7,500,000 (sink, fund 1 p. e.)
Cleveland d Mahoning Valley—Stock
1st mortgage, extended
3d mortg. (now 2d)
Niles & New Lisbon, 1st mortgage
Cleveland d Marietta.—Stock
1st mortgage
Cleveland d Pittsburg—Guaranteed stock
4th mortgage (now 1st)
Consolidated sinking fund mort. for $5,000,000..!
1881
1881
1881
1881
1881
1869
1864
144
473
202
390
390
127
67
67
35
99
1864
1869
1874
1,000
1,000
1,000
50
1873
1876
1870
500 Ac.
500 Ac.
500 &c.
199
199
i
50
500
1867 I
1,000
2,491,000
1862
„
cfield A Cincinnati RR. was declared.
In 1882 rentals received uni
miscellaneous receipts were $364,059.
Gross earnings prior
to
1881 were as follows: 1876-77. $655,421; 1877-78, $647,202; 187879, $655,300; 1879 80, $735,570. For 1880-81 the income account
was as
road, 10
Rental C.C.C.AL, 10 mos
$649,114
81,097
.
Rental I. B. A W.,*2 mos..
Sale of supplies, Sloane
property, Ac
30,060
98,601
Total
Expenses of operating
$ 470,486
Int. on bonds, scrip, Ac... 181,906
Sinking fund trustees
10,181
Dividends on pref. stock.
Rental C. S. A C., 10 mos.
Settlement of claims
$865,482
25,731
p. 15, 334, 420; V. 34, p. 264, 485, 601.)
Cincinnati d Springfield.—Dee. 31, 1S82, operated from
Harbor, Mich., to Anderson,
Iml.,
165
miles.
Road,
opened
ings for 1881, $240,639; net, $63,886; gross in 1882, $290,920; net,
$79,589. (V. 32, p. 525; V. 34, p. 575; V. 35, p. 182, 291, 404, 487.)
Cincinnati Washington d Baltimore.—Reorganization in 1883 of the
Marietta A Cin. RR., Cincinnati, O., to Main Line June., O.. 163 miles;
branches and extensions- Main Line Junction to Scott’s Landing, 31
miles; Marietta to Belpre, 11 miles; Portsmouth to Hamden,.55 miles;
Blanchester to Hillsboro, 22 miles; Baltimore Short-Line, 30 miles; total
operated, 312 miles. The M. A C. Co. made default, and the road was
placed in the hands of Mr. John King, Jr., of the Baltimore A Ohio,
June 27, 1877, and a foreclosure suit was begun.
The plan for
reorganization was given in Chronicle, V. 34, p. 408, involving assess¬
ment on stock. The sale in foreclosure took place Dec. 9. 1882. and the
purchasing committee bid $4,375,000. Re-organization was made Feb.
of “Cinn. Wash. A Balt.” A full exhibit of the
stocks and bonds of the present company will be furnished in the
Supplement as soon as the amounts outstanding are ascertained.
For year ending June 30, 1882, gross earnings were $1,729,352 ; net,
$287,433. The gross earnings from July 1 to May 14 were $1,727,079
in 188.-33. Net earnings not reported.
(V. 37, p. 7 4.)
Cleveland Akron d Columbus.— Dee. 31, 1882. owned from Hudson. O.,
name
to
Columbus, O., 144 miles. Default was made July, 1874, by Cleve¬
land Meunt Vernon A Deleware. Foreclosure suit begun June, 1880.
and Mr. G. A. Jones, of Mount Vernon. (>., appointed Receiver in
Sept.. 18S0. Sold in foreclosure August 20,1881, to II. W. Simthers,
$1,142,000, and new company under above name* took possession
for
Dee. 1, 1881. Road has no bonded debt. In March, 1882, the decree of
foreclosure under which sale had been made was reversed, and road was
sold again June 7 for $1,150,000 to II. W. Simmers, J. M. Adams and ,T.
A.
Horsey, representing the Holland bon [holders.
7
I J. A J.
7
IM. A N.
7 or 6 g.iJ. A D.
3bj IM. A N.
7 g. jF. A A.
7
|M. A S.
7
J. A J.
Until 1899
May, 1899
June
1, 1914
(?)
Aug. 1, 1893
Sept. 15, 1896
Jan., 1890
Cleveland, Office.
N.
1883
Feb! 1, 1883
N. Y., U. S. Trust Co.
do
do
do
do
New York or London.
Y., U. S. Trust Co.
N. Y., Union Trust Co.
*
7"
|F. A* A
1%
6
7
iJ.
A
Aug. i, 1905
Sept. 1, 1883
Jan., 1892
N. Y., Farm. L. A T. Co.
do
do
do
do
Q—M.
J
;m. a n
Nov. 1,
1900
(V. 33, p. 124, 225, 468, 588, 715; V. 34,
In Sept., 1831, consolidation with Cincinnati Hamilton
A Dayton voted on, but nor effected.
See V. 33, p. 100.
The sinking
fund provision of consolidated bonds may be canceled at option of hold¬
Annual report
ers.
for 1882 in V. 36,
p.
338, showed tne following:
INCOME ACCOUNT.
879.
1880.
2 881.
1882.
$
982,748
83,912
19,750
$
$
1,374,697
103,125
123,405
$
1,323,181
86,271
32,240
1,587,294
1,441,692
1,572,127
425,180
440,492
117,014
374,770
47,864
118,188
7 49,540
-16,437
475,218
112,688
493,615
121,276
268
12,313
-964,828
1,324,657
588,174
121,582
262,637
853,518
632,204
939,923
Receipts—
Net earnings
Rentals and interest.
Miscellaneous
Total income
1,086,410
1,361,183
102.406
9 4,305
Disbi trsem cuts—
Interest on debt
Taxes
Dividends
Miscellaneous
Total disbursem’ts.
Balance, surplus
The
prices of stock have been
.
.
June
1S82.
84
78
82
7513
80
74
77L> - 68
76
68;"8
76
65 hj
..
1883.
8 4
-
1883.
1RS2.
77
79%- 6.3i»4
74^- 7218
7918- 74
74*14- 67Tt
7714- 70 >4
July..
Aug..
Sept..
Oct...
Nov..
Dec..
92%
-
72%
89
-
78
85
-
86*8 85 Lj84
-
69*4
75V
80%
80L}
707q
75
—(V. 34. p. 115, 176. 205, 264, 291, 315 378, 435, 448, 44S, 521; V. 35,
p. 235. 297, 320, 658 ; V. 36, p. 285, 33S, 730.)
Cleveland d Mahoning Valley. -Dec. 31, 1882, owned from Cleveland,
O., to Sharon. Pa., 81 miles; Niles, O., to New Lisbon. O., and branches,
46 miles; total operated, 127 miles.
Chartered in 1848 and opened in
It was leased to Atlantic A Great Western in perpetuity from
1851.
October 1, 1861.
A new lease was made; to the reorganized company,New York Pennsylvania A Ohio, till Oct. 1, 1962, at $357,180 per
till January, 1886, and $412,000 per year afterward.
year
(V. 32, p.
333.)
in
Nov., 1876. Transferred to trustees Jan. 1, 1878. and sold Nov. 5, 1879,
to said trustees, for account of bondholders. New
company organized
April, 1880, under name of Cincinnati Wabash A Michigan Rail way.
Total stock authorized, $3,000,000.
In August, 1882, consolidated
with the Elkhart Niles A Lake Michigan, making 165 miles in all. Earn¬
7, 1883, under
a'A.
until Feb. 1880.
$755,105
Dayton, O.,
If.
Indianapolis, Ind., 203 miles; Delaware, O., to Springfield, O., 50 miles;
leased, Cincinnati A Springfield RR., 80 miles; Levering.Station to
Mount Gilead, 2 miles; total operated, 473 miles. This was a consolida¬
tion in April, 1868, embracing the C. O. A C. and the Bellefontaino rail¬
roads. The company paid dividends prior to 1877, but after that the
large decline in rates for through freight and the heavy rentals paid
reduced the company’s income so that no further dividends were paid
April..
May
to Cincinnati, O., 80 miles, of which. 24 miles were leased from Cincin¬
nati San. A Clev. RR. The whole is leased and operated by ( 'lev. Col. Cin.
A Ind. Co., giving them a line into Cincinnati, and depot accommoda¬
tion. Lessees apply any excess over rentals to C. A S. stock. Interest
is guaranteed on the first mortgage, one-half by the lessees and one-half
hy L. Shore A Mich. Southern. Stock is $1,100,000. To January, 1882,
the C. C. C. A I. advanced $L.721,702.
Cincinnati Wabash d Michigan.—Dee. 31, 1882, owned from Benton
1‘
Nov. 1,
Cleveland Columbus Cincinnati d
Indianapolis.—Dec. 31, 1882,
owned from Cleveland, O., to Columbus, O., 138 miles; Gabon, O.. to
133
66,666
.
82,‘ $ 469 929 ; net, $77,214.
p. 408, 488, 574, 663.)
Jan....
Feb....
March.
| Bab. dec. of floating debt.$110,376
-(V. 32.
t
500,000
1880 !
7
i J. A D.
|T. & J.
iM. A N.
7
1,547,000
1.000,000
11,221,100
1,096,000
226
A J.
F. & A.
7
4,000,000
14,991,600
367,000
3,000,000
2,948,000
2,759,200
740,500
654,600
100
May 3, 1866, and leased in perpetuity from February, 1869, to C. II. A
D. Co., the lessors to receive all surplus after expenses and bond interest.
Gross earnings in 1882-33, $254,003; net, $109,844; interest liability,
$53,900; surplus, $55,944.
Capital stock, $382,600; funded debt,
$625,000; total (cost of property), $1,007,600.
Cincinnati Richmond d Fort Wayne.—Dec. 31,1882, owned from Rich¬
mond, Ind., to Adams, Ind., 86 miles; leased, 8 miles of Pittsburg
Fort Wayne A Chic.; total operated, 91 miles.
Chartered in 1853 and
opened in 1866. Leased for 99 years to Grand Rapids A Indiana; in¬
terest is guaranteed by the lessees and by the Pennsylvania Company
and Cincinnati Hamilton A Dayton Company, jointly. Gross earnings
in 1882, $435,764; ind, $122,092. Loss to guarantors, $15,4-1. Capital
stock, $1,709,192. Total advanocsJiy guarantors, $732,703.
Cincinnati Sandusky d Cleveland.—June 30, 1882, owned from San¬
dusky, O., to Dayton, ()., 154 miles; branch, Carey to Findlay, 16 miles;
leased, Columbus Springfield A Cincinnati, 44 miles; total operated. 214
miles, less the division between Springfield A Dayton, 24 miles, which is
leased to and operated by the Cleveland Columbus Cincinnati A Indian¬
apolis. Six coupons on 2d mort. bonds were funded from June, 1877,
and $222,064 in coupon bond scrip is outstanding. The preferred stock
has a lien by deposit of old bonds in trust.
The Receiver, after a
three years’ possession of the property, was discharged January 1880.
In April, 1881, a lease was made to the Indiana Bloomington A Western.
By the terms of the lease this company takes 3313 per cent of its gross
earnings as rental; but the amount in any one year shall not be less
than $220,000 nor ipore than $500,000. In Nov., 1882, a dividend
of 2 per cent cash and 10 per cent in the stock of the Columbus
Spring-
follows:
Gross earnings of
months.
j
Too
1931
1931
1931
1931
1931
1904
1900
i.T.
5
3-4
>- is m pro¬
cess of
reorgani¬
zation.
1,000
1,000
)M. A N.
4^2 A 6
The Mar.
A Cin.
Earnings in 1881-
Ill
/
t
I
.
11111^0
IOL
-X V I
’
X-
u
>■ /
18S2-83, $197,466; net, $47,337.
liei’i
I
(V. 34, p. 52
n
;
•
•
V. 36, p. 560.)
Cleveland d PilLsh.— Dee. 31, 1882, owned from Cleveland, O-.to Roch¬
ester, O., 124 miles; branches—Bayard, O., to New Philadelphia, 31
miles; Yellow Creek to Bellaire, 43 miles; leased, Rochester to Pittsburg
(P. Ft. W. A C.), 26 miles; total operated, 226 miles. The property was
leased for 999 years from Dee. I, 1871, to Penn. RR. Co., and lease trans:
ferred to Penn. Co. May 1, 1872. Rental, 7 per cent on existing capital
and $10,000 per year for company expenses, the lessees assuming all lia¬
bilities. The terms of the lease were 10 per cent, but the old stock was
subsequently converted into a 7 per cent stock by an increase in amount.
In 1882 surplns income over charges to lessee was $474,951. Opera¬
tions and earnings for live years past were as follows:
Passenger
Years.
1878....
1879....
1880....
1881....
1882....
-(V. 36,
Miles.
..
..
226
172,535,850
211.190,606
2,699,290
3,112,021
226
23,234,059
215,901,749
3,353,363
226
226
..
..
p.
Gross
Mileage.
Earnings.
143,144,623 $2,272,167
164,675,804 2,418,516
226
..
Freight (ton)
Mileage.
14,853,52 4
16,624,524
18,083,711
22,205,430
Not
Div.
Earnings, p.e.
$966,112
7
7
1,151,780
1,275,488
7
7
1,507,131
1,734,467
7
79.)
Owns
from
Wheel
Black River
Cleveland Tuscarawas Val. d:
O., to West Wheeling, O., 158 miles. Chartered as Lake Shore A
Tus. Val. in 1870 and opened in 1873.
Sold under foreclosure Jan. 26.
1875, and reorganized under present title. In February, 1882, receiver
was appointed in a suit of the Union Trust Co. of N. Y. under the mort¬
gage of 1878. and in Feb., 1883, the road was sold.
Gross earnings in
1880, $596,399 ; net, $214,303. In 1881. gross, $919,485; net, $349,863.
Capital stock. $1.210,500. (V. (34,
(3‘ p. 231, 343; V
” 35, P- 705; V 36,
' p
—
29, 169, 312, ’353.)
August,
KAILROAD
1883.]
Subscribers will confer
a
STOCKS
A NO
BONDS.
great favor by giving iinmedLlate notice of any error discovered In these Tables.
DESCRIPTION.
For explanation of column
on
Miles
headings, Ac.,
first page of tables.
see notes
Date
of
of
Road. Bonds
Clev.d Pittsb.—(Continued)—Const’n & equip’t bds
Clere. Tuscan's Veil. d Wheeling—IstM., (L.S.AT.V.)
1st mortgage, new, prior
2(1 mortgage, new
E. A B., 1st mortgage
lieu..
....
•
Cleveland Youngs. d Pills.—1st M.,g.,for $1,000,000;
Oolebrookdale—1st mortgage
I
Colorado Central—1st mortgage, new
j
Columbia d Greenville— New mort.,g’ld,coup. or
regj
2d mortgage
j
Columb-ia d Pori Deposit—1st mortgage
!
Columbus Hocking Valley d Toledo—Stock..
j
Consol, mortgage, gold" (for $14,500,000)
j
1st mortgage, sinking fund bonds
!
2d mortgage bonds
!
Columbus A Toledo, 1st mortgage coupon, s. f
!
do
2d mortgage coupon, s. f
j
Ohio A W. Va., 1st 51. (s. f. $15,000 begins in ’80)!
Columbus Springfield d Cincinnati—1st mort
!
Columbus d Western—1st mort. (end. by Cent. Ga.)
Columbus d Xenia—Stock
,.
j
1st mortgage
Concord—Stock
i
Concord d Claremont— Bonds
Concord d Portsmouth—Stock, guaranteed
Connecticut Central— 1st in. for $400,000, ep.
Connecticut d Passumpsic—Stock
Mortgage bonds
Massawippi st’k,
div.
Newport A Richford bonds,
guar,
do
'
guar, same
bonds, guar, by
Connecticut River—Stock
i
orreg.!
|
Conn. & Pass.1
Conn. A Pass
j
by C. A P...1..I
Connecting (Phila.)—1st mortgage
Consolidated RR. of Vermont—1st mortgage
Mortgage bonds
Missisquoi Railroad bonds
j
i
as
XXIX
|
!
!
...
.
....
13
323
1873
1871
1878
1877
1872
1881
1868
1879
1881
1881
1868
INTEREST OR DIVIDENDS.
Size,
or
Par
Value.
Outstanding
$1,000
$1,793,000
1,000
2,000,000
Amount
Rate per
Cent,
700,000
1.372,000
•
•
•
1S0.000
(f)
600,000
c
187-920.
1,000
100AC.
1,000
4,701,000
2,000,000
1,000,000
1,832,000
164
1,000
164
1,000
40
1,000
322
100
322
1881
1,000
121
1867
500 Ac.
121
1872
1.000
118
1875
1,000
118
1880
1,000
83
1879
1,000
45
1871
1,000
60
1881
1.000
55 j
50
55 1 1860
1,000
142 i
50
71 j 1874
500 Ac,
41 |
100
29 I 1875
500 Ac.
i
147 |
100
110 ! 1873
100 Ac.
38 i
100
38
1870 1
1.000
22 ; 1881
1,000
80
100
7
1864
1,000
i
1883
100 Ac.,
73
1879
187L
500 Ac.
....
>
■
,
|
10,316,500
8,000,000
1,401,000
777,000
2,474.000
422,000
1,584,000
1.000,000
677,000
1,786,200
302,000
1,500,000
500,000
350,000
325,000 j
2,214,400 I
1,500,000
400,000 !
400,000 !
350,000 |
2,370,000 !
991,000 j
7,000,000 1
50,000
500.000 j
7
7
7 *
7
7
6 g6
7 g.
6 g.
6
7
-
When
Payable
J.
A.
A.
J.
M.
J.
.1.
J.
J.
A
A
A
A
A
A
A
A
A
J.
O.
O.
,T.
N.
J.
D.
J.
J.
A. A O.
F. A A.
Whore Payable, and
Whom.
byj Stocks—Last
j Dividend.
N. Y., Farm. L. ATr. Co Jam
N. Y., Union Trust Co.
Oct.
do
do
1 Oct.
1.
1913
1901
1898
j April 1. 1907
! May 1. 1392
N. Y., Central Trust Co. July 1, 1921
Phila,, Phil. A R. Oliiee.| Juno 1, 1898
Boston, Treas.’s Office.j July, 1909
N.Y., Nat. Park Bank.
Jail. 1. 1916
do
do
1 April 1. 1926
Phila., Penn. RR.
i Feb. 1. 1893
2 *2
: Jam
10, 1383
5 g.
M. A S. N. Y., Winslow, L. A Co.j Sept. 1. 1 931
7
A. A O.
do
1 Oct. 1. 1897
do
7
J. A J.
do
do
Jam 1, 1892
rr
F.
t
A A.
do
do
| Aug. 1, 1905
7
M. A S.
do
do
! Sept. 1. 1900
7
M. A N.
do
do
May 1, 1910
7
M. A S. Rost.,3 Merchants’Row 1 Sept. 1. 1901
7
J. A J.
N. Y., Nat, City B'k.
] Jam 1. 1911
2
Columbus Treasury.
Q.-M.
June 10, 1383
7
M. A 8. N. Y.. Am. Exeh. N. B’k’ Sept, 1, 1890
5
M. A NgBost.AMauclioster.N.ir.i May 1, 1883
7
J. A J.IBost., Treasurer's oliiee
1*94
J. A J. Best.AManchestcr,N.II.
312
July 2. LS83
7
A. A O.
New York City.
j Oct. 1, 1895
3
F. A A.
Boston, Otlice".
Aug. 1, 1383
7
A. A O.
do
! April 1, 1393
3
F. A A.
do
Aug. 1. 1883
6 g. J. A J.
do
Jan. 1, 1390
j
5
! J. A J.
do
Jam 1, 1911
4
1 J. A J. Boston, Bost.A Alb. RR. July 2, 1383
6
j M. A S. Phila., Penn. RR. Cilice.i 1900-’! -’2-’3-’4
5
1 J. A J.i
Boston Oliiee.
July 1, 1913
5
1 A. A O.
Oct., 1909
7
1 J. A J.i St, Albans. W.C. Smith.! Jan. 1. 1391
1,
1,
,
,
-
Cleveland Youngstown d Pittsburg.—Narrow 'gauge road in
15 miles; total operated, 71 miles.
progress
Consolidation of several small roads
from Alliance, O., to Steubenville," <)., about loo miles, and 32 miles in 1873.
Gross earnings in 1882-83, $153,259 ; md
earnings, $14,103.
branches, and crossing several narrow gauge mads. In June, 1882, I Capital stock, $410,900,
and bonds, $500,000; total stock and bonds,
25 miles operated. Earnings in 1881-82, $42,082; net,
$15,330. Henry $910,000.
Original cost of property, $1,850,000.
Floating debt,
W. Ford, President, 5 Cortlaudt 8t., New York.
(V. 55. p. 450.)
Colebrookcdalc.—Nov. 30. 1882, owned from Pottstown. Pa;, to Barto,
Pa., 13 miles. Chartered in 1805 and opened in 1800. Leased for 20.years
from Jan. 1,1870, to Phila. A Read., at 30 p. c. of gross earnings. In June,
1880, default was made on bonds. In 1883 P. & R. offered 4 per cent
interest
on
bonds.
Gross
earnings in 1880-81, $58,077; net earnings
Gross in 1881-82, $57,008; net, $17,300.
(30 per cent.rental), $17,003.
Capital stock, $207,215.
Columbia & Greenville (S. CM—Sept. 30, 1882, 1he
company owned
from Columbia to Green\ illo, 8. (’., 143 miles; branches to Abbeville and
Anderson.21 miles; total. 10 1 miles. Also owns Laurens RR.,
31 miles;
and leases Blue Ridge RR., 32 miles, and Spartanburg Union A Col. RR.,
08 miles. Total operated, 200 miles. In 1878 a Receiver took possession
of the Greenville A Columbia and the; road was sold in foreclosure
April
j $25 1,2 15. (V. 36, p. 675.)
I
Concord d Portsmouth.—March 31, 1*83, owned- from
Portsmouth, N. *
II., to Manchester, N. 1L, 10*2 miles. The road was sold to first mort¬
gage bondholders in 1857, and leased to Concord Rli. in 1853.
Lease
rental is $25,000 a-year, which gives 7 per cent a
year to present stock¬
holders.
There is
no
debt.
Connecticut Central.—Sept. 30, 1882, owned from East
Hartford, Ct.»
to lass. State Line, 20 miles; branch from Melrose to West
Street, CL, 7
niil.vs; total operated, 28 miles. Leased to New York A New England RR.
from June 1,1880. Capital stock, $11*.500; funded debt-,
$325,000 (all
owned by New York A New England Railroad); and
.
pons,
Ac., $7,214.
(V. 35, p. 574.)
bills, overdue
cou¬
Connecticut d Passumnsic.—June 30, 1382; owned from White River
15, 1880, and reorganization was made, with bonds as above; and pre¬ Junction, Vt., to Canada Line, 110 miles; leased, Massawippi Va.lley
ferred stock, $1,000,000; common stock, $1,000,000; all in $100 shares. and branch (Canada), 37 miles; total operated, 147 miles. Chartered
A majority of the stock is held by the Richmond A West PL Terminal
in 1835. Completed in 1863. The lease of Massawippi
Railroad is at
Co. The gross earnings on all lines in 1881-82 wore
$713,651; *net, 6 per cent on bonds and same dividends as are paid on the stock of the
lessee.
of
Abstract
last
$171,483; deficit in earnings to pay interest charges, $72,344. Six
report in V. 35, p. 347. Operations and earn¬
percent paid on prof, stock. Dec., 1882. (V.33, p. 201, 4G8, 037; V. 35, ings for four years past were as follows:
p. 404, 449, 735; V. 36, p. 251, 500.)
Gross
Passenger Freight (ton)
Net
Div.
Colorado Central.- Dec. 31, 1882, owned from
Miles.
Mileage.
Mileage.
Earnings. Earnings, p.c.
Wyoming boundary line Years.
to Denver, 132 miles; and operated 9 miles in
1
47
?
4,400,575
8,574,448
$544,112
Wyoming to Hazard Sta¬
$219,695
3
147
tion, and Julesburg to LaSalle, 1.51 miles; total standard gauge owned,
6,174,878
13,670,452
226,139
657,547
3
and operated, 292 miles; Golden to
147
6,117,700
19,726,662
774,146
311.165
5
Georgetown (n. g.) 28 miles, and
Forks of Creek to Central, 11 miles; total narrow-gauge, 39
147
7,198,586
303 845
6
22,589,950
851.749
miles; total
owned and operated, 330 miles.
Chartered in 1865, and main line -(V. 33, p. 327 ; V. 35, p. 297, 34 7.)
opened in 1870. It is owned by the Union Pacific. .The new mortgage
Connecticut River.—Sept. 30, 1 882, owned from Springfield, Mass., to
bond was issued to take up tlie old 8 per cent bonds, of which
$87,000 South Vernon,
Vt., 50 miles; brandies, 6 miles; leased Aslmelot RR.,
arc yet out.
Stock, $6,230,300. Gross earnings in 1881, $1,313,924; S.
Vernon, Vt., to Keene, X. II., 24 miles; total operated, 80 miles.
net, $603,940. In 1882, gross, $1,720,039; net, $680,165.
Net income 1880-81, $236,051; 1881-32, $252,418.
Pays 8 per cent
Columbia d Port Deposit.—bow. 31, 1 8S2, owned from Columbia,
Pa., to dividends on stock and has paid oil all the funded debt. V. 35. p. 103,
Port Deposit, Md.. 40 miles. Leased to and
operate,<1 by Pennsylvania 577.)
RR. Co.
Rental, net earnings. Net earnings in 1881, paid to lessors,
Connecting [Philadelphia).—Doe. 31, 1882, owned from Mantua Junc¬
$39,777. * Capital stock. $497,100; funded debt, $1,882,000, and float¬
tion to Frank ford Junction, Pa., 7 miles. A
connecting link in Phila¬
ing debt, $594,195; total liabilities, $2,973,295. Cost of property,
delphia to the West and South. Operated by Pennsylvania Railroad.
$2,024,327.
Rental,
6
per cent on capital stock, $1,278,300; and funded debt, $991,Columbus Hocking Valley d Toledo.—Dee. 31, 1882, owned main line
000.
The bonds are issued in series A B C and D, maturing
from Toledo to Pomeroy, 257 miles; branches—Logan to Athens,
respectively
26; in DOO-’l, ’2, ’3 and ’4.
Logan to Straitsvillc, 13; Straitsvillc to Nelsonville, 17; ot hers, 11; total,
324 miles. This was a consolidation in July, 1881. of the
Consolidated Railroad
Col. A Hock¬
Vermont.—Road owned—Windsor, Vt., to
ing Valley, Columbus A Toledo, and Ohio A West Virginia. The stocks Burlington, Vt., 120 miles;ofEssex
Junction to Rouse’s Point. 47; Essex
of those companies were purchased and mew consolidated stock for
to Burlington, 8; Swan ton to State
10. - Leased—Addison RR., 16
$20,009,000 made, of which the above was issued. Of the consolidated miles; Mint pelier A WhiteRiver RR.,lino,
8 ; Montreal A Vt. .1 unction RR.,
mortgage $6,500,000 is reserved to meet the prior dens. The Central 26; Rutland RR., 120; Stan. S. A Cl). RR., 44
; Vermont A Mass., 21 ;
Trust Co. of New York is trustee. Annual lopoi t in Vol. 37.
New London No.. 100; Brat. A Whitehall RR., 36.
p. 150.
Total owned, le;ised
In 1881 the gross earnings were $2.519,750;
net, $1,190,5*2, In 1882 and operated. 555 miles.
gross earnings were $2,880,437 and net earnings $1,133,702.
This is the title of the new corporation formed on the
(V. 34.
reorganization of
p. 408; V. 35, 102, 131, 213, 478, 486; V. 36, p. 251 ; V. 37, p. 150.)
the Central Vermont and Vermont. A Canada
companies. The. holders of
Columbus Springfield d Cincinnati.—June 30, 18*2, owned from Col¬ the first and second mortgage bonds-filed articles of association with the
umbus, O., to Springfield, ()., 41 miles. Leased to Ind. Bioom. A West. Secretary of State of .Vermont on April 24, 1**3, for organizing the now
May 1,1881, for 331 a per cent of gross earnings, with guarantee of company. Preferred stock is $750,000. (See scheme of reorganization
$80,000 as minimum. Of the excess over minimum, if any, on 331;* in V. 35, p. 1 25.) (V. 36, p. 479, 560, 623, 674.)
basis, this company takes i-> and Cincinnati Sandusky A Cleveland 4-’.
Connotton Valley.—Owns from Cleveland to Sherrodsville, 103
miles;
Capital stock, $1,000,000, and bonds, $1,000,000.
Canton to Coshocton, 55;Oneida to Minerva, 3; total, 161.
In Feb.,
Columbus ef Western—June 30, 1882, owned from
Opelika to Good- 1882, the company became embarrassed and new arrangements were
water, Ala., 60 miles; operatesColumbus Branch of Western RR. of Ala., made. The consol, mortgage was issued ($7,000,000 authorized) in two
29 miles—total 89 miles. The Savannah A
Memphis RR. was foreclosed scries, of 5 and 6 per cent, bonds, only different in that the first take 5
June 5, 1880, and this Company organized. Extension was in
progress per cent until May, 1835, and then 6 per cent. All the old 7 percents,
from Goodwater to Birmingham, Ala
The bonds are endorsed by Ceil. except $69,000. and all the Con. A Straitsvillc bonds, except $78,000,
RR. of Georgia.
Earnings in 1881-82, $144,744; net. $20,609. Stock, had been retired up to June, 1883. Preferred stock issued is $885,850;
common stock, $5,009,000.
$1,750,000.
Gross earnings, 188 2, $231,640; net, $37,Columbus <f Xenia.—Dec. 31,1882, owned from Columbus, O., to Xenia, 664. Miles operated, 125. T11 Nov., 1882, default was made on the
O., 55 miles. Is operated as a division of the Little Miami, and is leased bonded interest. In February, 1883, subscriptions for* $750,000 were
for 99 years in connection with that road to the
(V. 34, p. 264, 343, 435, 460, 574, 663; V 35, p. 133, 313,
Pittsburg Cincinnati A solicited.
St. Louis, which pays 8 per cent on stock and
provides for the bonds. 486, 515, 763 ; V. 36, p. 195, 312, 674; V. 37, p. 74, 99.)
Tlie lease is guaranteed by the Pennsylvania Railroad
Company. The
Corning Cowancsque d Antrim.—Doc. 31, 1882, owned from Corning,
Columbus A Xenia pays 8-5 per cent dividend
per annum.
N. Y., to Antrim, Pa., 53 miles; branch, Lawrcnceville to Harrison
Concord.—March 31,1883, owned from Concord, N.II., to Nashua. N.H.,
Valley, Pa., 32; total operated, 85 miles. Consolidation (Jan., 1873)
35 miles; Manchester A North Woare, 19
miles; Hookset Branch, 7 of the Blnssburg A Corning RR. and the Wellsboro RR. June 1, 1874,
miles; leased—Concord A Portsmouth, 1L miles; Suncook Valley, 20 the Cowancsque Valley RR. was absorbed. These lines are
leased to and
miles; Nashua Acton A Boston, 20 miles; total operated, 112 miles. operated by the Fall Brook Coal Co. Rental
percent on bonds,
Operations, earnings, and income over remain, Ac., for 4 years past were: 6 per cent on common stock and 7 per-cent paid—7
on preferred stock; divi¬
Passenger Freight (ton)
Gfoss
Net
Div. dends paid quarterly, March 31, Ac. Stock—common,
$1,500,000. and
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings. ]). c. preferred, $500,000. The line of Reading and N. Y. Central will
be
1879-80.
142
11,081,309
29,000,*34
10
$*70,088
over the road of this company; which
$346,732
jointly guarantees the bonds of
1880-81
142
13,118,217 30,295,3*4
955.000
10 the Jersey Shore, Pine Creek A Buffalo road.
362,608
Earnings in 1882, $571,1881-82.
112
21.499,671
31,976,137
1,25*.419
10
471,208
5o7; net, $139,261. (V. 35, p. 235, 546.)
1882-83
142
430.317
1.317,879
10
Cumberland' d Pennsylvania.—Doc. 31,1882, owned from Cumberland.
—(V. 34, p. 315, 520, 603 ; V. 35, p. 160; V. 36 p. 560, 650. 675.)
Md., to Piedmont, Md., and several branches, 55 miles; almost all steel
Concord d Claremont.—March 31, 18*2, owned from Concord to Clare¬ rail. It is
owned and operated by Consolidation Coal
Company, which
mont, N. H., 56 miles; branch, Contoooookvilie to Hillsborough, N. H., guarantees second mortgage.
-
..
..
...
..
...
II
Subscribers will confer a great favor
DESCRIPTION.
For
on
first page
Date
Size, or
Par
of
Road. Bonds Value.
of tables.
38
125
•
1879-0
1st mortgage
!
2d mortgage, sinking
Common bonds
52
34
33
Danbury d Norwalk—Stock
1st and 2d mortgages
Consolidated mortgage
100
141
141
142
142
142
32
Danv.Olneyd O.Ric.—1st (for $1,000,000) cp.or reg.
Dayton d Michigan—Com. stock (9*3 guar.C.H. AD.)
Preferred stock, (8 percent, guar. C. H. <!Si D.) —
2d mortgage
3d mortgage
Consol, mortgage, guar, by C. H. & D
*
Dayton d Union—1st mortgage
bonds
Dayton <6 Western—1st M.,
Income mortgage
guar.
L. M. and C. A X.
Del a ware—Stock
Mortgage bonds, convertible, guar. P. W. A B....
Delaware d Bound Brook—Stock, guaranteed
1st mortgage
2d mortgage, debenture
1882
1375
'1866
1868
52
fund guaranteed
,
’70-’72
1880
1880
41
1871
1867
1869
1881
1 879
1879
1865
85
85
1875
31
27
,
$5,594,000
$1,000
1,000
1,000
225,000
803,500
445,000
1,000
1875
546
288
Consol, mort., on roads A equipm’t, ($10,000,000)
Plain bonds
60
Lackawanna & Bloomsb., 1st mort. (extension)..
Denver d New Orleans— 1st mortgage
1,067
Denver d Rio Grande—Stock
294
1st mort., gold, sinking fund
1st consol, mortgage ($15,000 per mile)
Car trusts (mature 10 per cent yearly
380
Denv.d Ji.Gr. Wcst.—lnt, g. ($10,000p.m.),cp.or reg.
.
2^
8
8
6
81,800
600,000
400,000
100,000
801,000
2,402,573
500 Ac.
50
50
1,211,250
426,000
351,000
1,000
1,000
1.000
1,898.000
225.000
1,000
1,000
1,000
173,000
495,000
25
1,497,215
1,000
650,000
1,692,000
1,500,000
192,000
26,200,000
3.067,000
600,000
....
50
1877
1872
1859
n(vp
5 A 6
7 g.
6
6
109,500
....
Delaware Lackawanna & Western—Stock
t
1,777,850
16.1,000
50
500 Ac.
500 Ac.
100 Ac.
50
100 Ac.
....
bonds, reg
Cumberland Valley.—Dec. 31, 1882, owned from
Amount
....
1,000
2^
7
6
7
1-G6
2
7
7
5
7
6
6 A 7
3
6
1%
7
6
2
7
7
7
370,900
100 Ac.
Bonds— Princi
INTEREST OR DIVIDENDS.
i
lR
Outstanding.™^
.
161
78
33
Gonnotton Valley- -Nqw consolidated mortgage
Corning Covianesque d Antrim—1st mort., gold
Cumberland d Pennsylvania—1st mortgage
2d mortgage, sinking fund, (guaranteed)
Cumberland Valley—Stock ($484,900 is preferred).
[VOL. XXXVII.
by giving Immediate notice of any error discovered in these Tables
Miles
of
explanation of column headings, Ac., see notes
BONDS.
AND
STOCKS
RAILKOAD
XXX
When
Payable
pal,When Due-
Where Payable and
Whom.
by
Slocks - Last
Dividend.
A N.
Boston. Co.’s Office.
May 1, 1922
A J. Phi la. F. I. T. A S. D. Co. July l, 1885
A S. N.Y., Consol.Coal Office March 1,1891
A N.
do
do
May 1, 1888
Q.-J. Phila. and Carlisle. Pa. Julv 2, 1883
A. A O. Phila., T.A. Biddle A Co. April 1, 1904
do
do
A. A O.
April 1, 1908
A. A O.
do
do
Jan. 1. 1«84
Various New York and Danbury April 20, 1883
1920, ’90, ’92
J. A J. N. Y.. Nat. City Bank.
1920
J. A J.
do
do
J. A J. N.Y., Farm. L. A Tr. Co.
Jail. 1, 1910
A. A O. Cincinnati. C. II.A D.Co.
April 1, 1883
Q.-J. N. Y., Winslow, L. A Co. April 4, 1883
do
do
M. A S.
Se.pt., 1884
A. A O.
do'
do
Oct., 1888
J. A J.
do
Jan. 1, 1911
do
J. A D. N.Y., Am.Exeh.Nat.Bk. Dec. 1, 1909
After 1910
J. A J>.
J. A J. N. Y., Am. Exch. N. B’k Jan. 1, 1905
July 2, 1883
J. A J.
Dover, Co.’s Ofliee.
J. A J. Phil., Fid. T.T.A.S.D. Co. J ulv l, 1895
M.
J.
M.
M.
Feb., 1883
Philadelphia.
Q.-F.
A A. Phila..GuatvT.AS D.Co.
M. A N.
Philadelphia.
New York, Otiice.
Q.-J.
M. A S.
do
do
do
do
J. A 1).
M. A S.
do
do
F.
May, 1905
July 20, 1883
Sept.c 1. 1907
June, 1892
March, 1885
(?)
1870
1880
.
1881
100
500 iitc.
500 Ac.
18,740,500
3,613,000
6.157,0U0
....
1,000
Harrisburg, Pa., to
miles; leased—Martinsburg A Potomac IlH., 12
miles; Dillslmrg & Mechanicsburg UK., 8 miles; Southern Pennsylvania
RR., 21 miles; Mont Alto UK., 18 miles, controlled; total controlled
and operated, 141 miles. Chartered in 1831. 'Main line, Harrisburg to
Chambersburg, completed in 1839. and extended to the River in 1872.
Owns or leases several factory roads, in all about 43 miles. The stock is
owned in large part by Pennsylvania RR. Co. Last annual report V.
36, p. 364. Large advances have been made to branch roads. Ope,ra¬
tions and earnings on the main line for three years past were as foil >ws:
-Div.p.c.Passenger Freight (ton) Gross
Net
Miles.
Years.
Mileage.
Mileage. Earnings, Earn’gs. Pref. Com
10
125
3880
7,386,350 14,018,062 $536,9 15 $230,199 10
10
125 8,967,357 18,361,654 622,538
220,429 10
1881
10
125
9,703,700 232210,726 630,305 229,452 10
1882
—(V. 32, p. 3 11 ; V. 34, p. 3 76; V. 36, p. 304, 364.)
Potomac River, Md., 82
182
33,000,000
6,332,500
7 g.
7
7 A 6
.
6g.
Q.-J.
M. A N.
J. A J.
N.
Y.,Company’s Office.
do
do
do
do
-
Yearly.
Sept. 1, 1911
....
M. A
S.
N.
Jan. 14, 1882
Nov. 1, 1900
Jail. 1, 1910
Y., Co.’s Agency.
dated with this company June 19, 1873. The following is a
the annual statements of the company for four years:
*
1879.
1881.
18^0. "
synopsis of
1882.
$
$
$
$
Earn’gs, receipts, coal, <fec.20,226,708 21,656,604 27,396,526 27.006,267
Operating expenses
Net receipts.
16,416,256 15,753,131 19,632,662 20,163,078
3,810 452
7,763,834
5,903.470
6,843,189
IXCOME ACCOUNT.
$
3,810,452 5,903,470
3,024,431- 3,027.381
7.703,864
3,558,494
6,843,189
3,620,708
4.205,370
1,768,500
3,222,481
2.096,000
186,021 1,490,089 2.436.870
cent: iu 1881, C3a per cent; in 1832, 8.
—(V. 33, p. 73, 716; V. 34, p. 144 ; V. 36, p. 218. 637.)
1,126,431
Net receipts
Interest and rentals
...
...
...
Danbury d Norwalk.—Sept. 30, 1882. owned from Danbury, Conn., to
Wilson Pt., South Norwalk, Conn., 26Ja miles * branches to Ridgefield
and Hawleyville, together lOmiles; total operated, 34 miles. Dividends
have been irregular. Operations and earnings for three years past were
as follows:
Div.
Net
Gross
Passenger Freight (ton)
Miles.
Earnings.
p. c.
Mileage.
Earnings.
Years.
Mileage.
34
$60,079
3,301,269 1,308,897
$181,407
5
34
88,341
195,163
1880-81
3.603,823 1,228,828
5
72,990
200,993
1881-82... 36*2 3,698,860 1,330,145
—(V. 33,
..
p.
559; V. 34, p. 176; V. 35, p. 237.)
Danville Olney & Ohio River.—This road is projected from Danville,
Ill., to Olney, and to the Ohio River, 243 miles, of which 110 miles, Dan¬
ville to Olney are in operation; also 20 miles of Chic. A East. Ill. leased.
Bonds offered in 1881 by R. M. Raven A Co., at par, wit h $500 stock
given with each $1,000 bond. Stock authorized, $2,000,000; issued,
$1,000,000. In Nov., 1882, company became embarrassed and receiver
appointed. (V. 35, p. 265, 266, 373, 538, 5/4, 658; V. 30, p. 29, 80, 510.)
•
Dayton d Michigan.—March 31, 1883, owned from Dayton, O., to
Toledo, O.., 141 miles. Opened in 1862. Leased in perpetuity to the
Cincinnati Hamilton A Dayton.
In March, 1881, voted to issue a 5 per
cent consol mortgage bond. Of the common stock$l,010,000 only is guar¬
anteed 3^ by C. II. I).
Loss in 18 80-81, $13,078. Alain. 1881-82,
$27,182; gain, 1S82-83. $201,138. The lessees iioid $1,398,100 of the
common stock.
(V. 32, p 312.)
Dayton d Union.—O it.ober, 1833, owned from 1) »dson.O.,to Union Cicy
Ind., 32 miles; leased Dayton to Da Ison, 15 miles; total opei '*ed, 17
miles. The Greenville Si Miami RR. was sold out Oct. 30, 1872 ind re¬
organized as nowin Feb, 18 (12. Operated by trustees since Dec. , 1871.
Capital stock, $86,300; funded debt, $399,200, and other liabilities,
$29,900; total. $515,106. Property account, $623,363. (V. 32, p. 69.'
Dayton d Western.— Dee. 31, 1882, owned from Dayton, O., to State
Line, Ind., 37 miles. Leased in perpetuity from Jan. 1, 1865, to Little
Miami, and carried with that road in the general lease to the P. C. A- St. L.
The lessees are virtual owners and are answerable for all obligations.'
1 Delaware.—Get. 31, 1882, owned from Delaware Junction (P. W. A B.),
Del., to Delimit* (Md. Line),81 miles; branches, 16 miles; total operate I,
100 miles, less two branches (15 miles) operated bv the Dorchester A
Delaware and Queen Anne & K. railroads. The Delaware Railroad was
Opened 1855-1860, and is leased to the P. W. A B. Co.; rental 30 per
cent of gross earnings, but stock must have 6 per cent. Gross earnings
iu 1880-81. $428,747; net, $128,624.
Gross in 1881-82. $595,078; net,
$178,523.(V. 34, p. 86.)
Delaware d Bound Brook.—Deceiliber 31, 1882, owned from Bound
Brook (C. of N. J.) to Delaware River, 27 miles; branch, main line to
Trenton, 4 miles; total operated. 31 miles. In connection with Central
of New Jersey and North Pennsylvania forms a line between New
fork and Philadelphia.
In May, 1879, the property was leased for
990 years to the Philadelphia A Reading Railroad Company—the lessee
paying interest and 8 per cent on stock after May, 1883. Gross earnings
in 1881,
$668,489; net, $334,462. In 1882, gross, $693.52 <; net,
$326,334. (V. 32, p. 611.)
Delaware Lackawanna d Western. — Dee. 31, 1882, owned fro u Dela¬
ware River (N. J. line) to New York State
line. 1L5 miles; briarnes —
Scranton to Northumberland, 80 miles* Greenville to Wiutou. Pa.. .8
miles; to Storrs, 3 miles; Junction to Keyser Valley, Pa., 5 miles; leased
lines in New York—N. Y. Laek. A Western RR., 214 miles; Cayuga|&
Susquehanna RR., 31 miles; Green RR. Smiles; Oswego A Syracuse
Railroad, 35 miles; Utica Chenango A Susquehanna Valley Railroad, 97
miles; Valley Railroad, 12 miles; controlled and operated—Syracuse
Binghamton & New York, 81 miles; Rome & Clinton RR., 13 miles;
Utica Clinton A Binghamton, 31 miles; leased lines in New Jersey—
Chester RR.. 10 miles; Morris A Essex, 118 miles; Newark A. Bloomfield,
4 miles; Warren RR. IS miles; Sussex. 3 > miles; Passaic & Del., 14;
total ope rated, 930 miles.
In 1882 the important connection to Buffalo,
the N5 Y. Lack A West., was opened, and the road was leased by tills
company. For the terms of leases, see remarks under the. names of the
respective leased roads. The Lackawanna & Bloomsburg was consoli¬
Balance, surplus
Dividends*
186,021
2,276,089
786,000
Balance after dividends
*
In 1880 3 per
Denver d Nero Orleans.—Projected from Denver, via Pueblo to the
Canadian River, 359 miles, anil in 1832, Denver to Pueblo. 120 miles,
and 13 m los branches, had been completed.
Built by a Construction
Company.
See circular in V. 35, p. 601. Loan of $12,000,000 mort¬
gage. bonds was authorized Sept., 1382, and capital stock was in¬
creased to $15,090.0001
In 1883 the Construction Co. became embarrased and $2,236,000 bonds and $2,540,000 stock pledged were to
be sold by the Mercantile Trust Co.
Jno. Evans, President. (V. 35, p.
131, 347, 601, 677; V. 36, p. 536, 590, 623; V. 37, p. 68, 99.)
Denver d Rio Grande (3//.)— (See Ulap, page
owned from Denver City, Col., to Alamosa, Col.,
xxxl.)-Dec. 31. 1882,
251 miles; branches—
Pueblo, Col., to Canon City and Coal Mines, 44 miles; Cuchara, Col., to
El Mora, Col.. 45 miles: also Lines to Leadville, Durango, Gunnison
City, Crested Butte, Redclitfe, Kokomo, Silver Cliff, and others, the
total
operated Jan. 1,1883, aggregating 1,28 L miles.
On March 30,
1883, connection to Suit Lake was finished by the Denver Si R'o Grande
Western, and that road leased, this company paying 4.0 per cent of gross
earnings as re ital
The trust deed of the consolidated mortgage is to Louis IT. Meyer and
John A. Stewart, of Now York, as trustees. The deed is to secure and
provide for an issue of bonds, the amount atloat at one time not to
exceed $30,000,000, of which $7,422,209 were to be used in retiring
prior issues, and the balance issued for the purpose of building and
completing the extensions, and the bonds were issued at $15,000 per
mile. Of the, consol, more. $1,010,000 were exchanged for Arkansas
Division bonds held by trustees of the Colorado Coal A Iron Co.
The annual report for 183 l in the Chhonicle, V. 36, p. 4,7, gives par¬
ticulars of the financial condition. Ac. Too report of Mr. Palmer, Presi¬
dent, had the following remarks :
“The operating exp ms -s were 59-66 per cent of the gross receipts, but
this included the reimildmg.of eigiity-ono car * (at a cost of over $50 000),
which had been destroyed during this and previous years, as also the
substitution of steel for iron mils on forty miles of road south of
,
Pueblo.” * * *
••8 nee the (lute of last report, your company has leased the road of
the. Denver Si Rio Grande Western Railroad Company for a term of
thirty years. The terms of the .lease are, that your company p iy the
lessor co npany 40 percent of the gross receipts of the leassd line, if
that sum is siifiicicnt to pay the interest on its bonds.
If not sufficient
to pay the interest, then your company guarantees payment of a sum
equal t<> six per cent on $16,0 >0 per mile of finished ro i l which has been
transferred to and accepted by your company for operation. Tne maxi¬
mum amount of bonds guaranteed by the lease is $7,50 j,000 at 6 per
cent.” * *
*
-The amount of interest for which your company will be responsible
under the lease when the line reaches Og len will be about $400,000
It is not
per annum, which would require $1,090,090 gross earnings.
unreasonable to expect from the business done during the past five
months on 155 miles of detached line that the gross earnings of the
whole line when put in operation will reach at least $1,500,000 per
allium.
•
Tne 10’.lowing is a summary of the floating liabilities
Dee. 31, 4832:
Liabilities of all descriptions (as per general account)
Against v. nidi there are ass ts as follows :
and assets on
$3,007,931
Cash, bills and current accounts
$1,389,862
Advanced 011 Utah lines
135,095
Advanced t<> Rio Grand * West. Const. Go (almost
entirely r-paul since Jan. L. 1883)
value)
Securities on hand (market
Surplus assets.
1,143,000
384,750— 3,352,707
$°44,776
“Tli • company lias, therefore, no flouting debt, and in addition to
above surp’ui' a-^ets has mal'er als, fir *1, Ac., ou hand, amounting by
artm-'l val mt ou to $1,024,251, m iking tot d available assets Dec. 31,
18-2, $1,3 a*,021) ”
Income was as follows:
Cv~
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The Needles
tLos Anflefea
r— • —
Antorni^
I
Peach Spring
_
—r-
O
MAP OF THE
|
DENVER & RIO GRANDE
B?
RAILWAY.
^Yuma 500
\0 ’
Tucsonv^
.
Benson'
I
•
J5
Deming
5Tomb3ton<
r-t-rr‘’rfeEI Paso
|Paso del Norte^
;
v-v
.
A
avskaS^5
'.'^^1^®!
Subscribers will confer a ijreat favor
by glviiig Immediate notice of any error discovered in tlicsc Tables.
Miles
of
Denver South Park it Pacific—'*tock
1st mortgage, gold, sinking fund
Consol, mort. gold ($17,000 per mile)
Denver West, d Pac.- 1st M., gold ($30,000 per
Des Moines <t Ft. Dod<ie—1st mort., coup
1st mortgage, income
m.).
Des Moines Osceola it Southern— 1st M.($6,000p.m.)
Detroit Grand. Haven d- Milivaukee—Stock
1st mortgage, guar., (for $2.000,000)
Consolidated mortgage, guar
3d mortgage (Detroit A Pontiac RR.), Feb. 1854.
Detroit Hillsdale d S. IF.—Stock
Detroit Lansing d North.—Stock, common
Preferred stock
1st mortgage
Ionia A Lansing, 1st mort., coup., may be reg
Detroit Mackinac it Marquette— 1st mortgage
Land grant bonds (income)
Income bonds
■-
Saginaw & West, mortgage, guaranteed
..
Dubuque d Dak.—1st M., gold. gu. (payable at 105)
•
.
•
•
•
-
-
.
f>5
222
222
222
59
152
.30
63
1st mortgage
1870
1870
90
1870
1873
30
at close of yr.
Earnings—
Passenger
Freight
Mail, express, Ac
Total gross earnings
Operating expenses
earnings
Total disbursements
Balance, surplus
r.
A.
A.
j.
a
A
A
a
J. A
M. A
d. N.Y., N.Y. Cent. A Hud.
do
do
O.
do
do
0.
.r. Philadeln’a, Co.’s Oflice.
J. Phila., by P. A R. RR.
S.
Phila., P. A R. office.
June, 1890
Oct. 1, 1890
Out. 1. 1890
July 1. 1903
.T.
J.
J.
'495,900
$
1,563.632
2,411,457
4,332,150
4,412.185
121,579
348,998
403,237
3,478,066
6,244,780
1,76 /’ ,605
3,6.0.030
6,401,980
3,821,123
1,710,461
2,624,750
2,583,857
1,730.763
2,624,764
2,620,628
1,150,453
1,199,541
-
1,602.443
22
1,430
246,512
19,607
73,876
1,396.965
2,283.078
8 11,686
1,900,749
719.879
7
3
7
11,491,000
5
2.6)0,'i00
5
cr.
The annual report for
Total gross
Jan.
N.Y..M. K.Josup.P. A Co.
N. Y.,M. K.,To.sup,P.A Co.
1,
1,
1921
1911
Juno 1, 1905
June 1, 1905
1905
1896
1881
1918
1913
*
Aug. 15, 1883
Aug. 15,
Jan
1,
July 1,
Oct. 1.
Oct. 1,
Oct. 1,
July 1,
■
1883
1907
1889
1921
J 911
1921
1913
July 1. 1919
April 16. 1883
1894
V.Y., .Tesup.Paton A Co.
J.
A
A
N.Y..Metropolitan N.Bk.
do
do
1882 had the following:
earnings:
Total net income
Disbursements, including 7 per cent div
Balance, surplus
-(V. 31, 406; V. 36, p. 364, 674.)
July 17, 1883
Mar. 1, 1888
I, 1930
July 1, 1930
July
1882.
1881
$1,377,698
$1,597,142
$446,912
$171,507
410,757
409,205
$36,155
$62,302
Detroit Mackinac dt Marquette— March 31, 1832, owned from 8traits
of Mackinac to Marquette, 152 miles; branch projected to Sault St.
Marie, 48 miles. The stock was increased in 1883 to $10,000,000, in
$100 shares.
149,330
6 g.
3
May 1, 1905
Jan.
27,500,000
16,500,000
1,000
—(V. 35, p. 78, 103, 182, 211, 213,313, 330. 317. 430, 131.450. 47-,
515, 5 to, 602, 625, 705, 737; V. 36, p. 110, 130, 160, 300, 477; V. 37,
p. 151.)
Denver d Rio
7 g7
7
7
500.000
$
915.030
333 803
May 1, 1911
1,709,550
1,282
$
1,539,558
(6) 914,100
Miscellaneous
N. Y\, Central Trust Co.
586.000
18,00!) p.m.
7,000 p.m.
2,000.000
1,000,000
200,000
50
1.067
Dividends
J.
,T.
O
J.
N.
1,000
INCOME ACCOUNT
Total net Income
h isb arse men ts—
Interest on debt
Taxes
6 85
A
A
A. A
J. A
M. A
432,009
630,000
5,000,000
1,000
1880.
6S6
Receipts
J.
1.500,000
1882.
1881.
7
6
3
1,001)
1,0) >0
1,000
100 Ac.
100
100
1.000
—
Feb. 15, 1888
July 5, 1833
2,280,00 9
4,560,000
1.000
1880
....
N.Y.,Canad’n B. of Com.
J. N. Y., vV in slow, L. A Co.
Boston.
A.
do
A.
J. Boston, 2d Nat. Bank.
do
do
,).
O. N. Y., Mctrop. Nat. Bk.
do
do
O.
ll2
1,009
1.000
1,000
1858
36
902
A.
3
8
<>
1,000
86
New York A London.
do
do
770.000
100
500 Ac.
*
A
A
A
A
A
A
A
A
A
A
O.
O.
7
A.
A.
F.
J.
F.
F.
j.
J.
A.
A.
sr.
5-6
1.000
1882
Aug. 15,1880
J.
7
186!)
Dividend.
4
6
!
2,43 7,000
500 Ac.
e
7
6
2,503.300
1877
Whom.
1,500,000
1.750,000
3,200,000
250,000
1,350,000
1,825,600
4
7
'
1,000
Stocks—Last
Payable, and by
670,000
672.000
1,000
Where
7 g.
6
6
6
1.090
200 Ac.
90
Payable
New York.
A N. N.Y., LondonA Frankf’t
N. Y.. Co.’s Agency.
A J.
New York.
A ,J.
A J. N. Y., Morton, B. ACo.
do
do
A J.
do
do
A J.
A J.
1,000
1873
1854
90
East Tennessee Virginia d Georgia—Common stock.
Preferred stock (6 per emit)
1,123
Consol, mort.. gold "(for $22,000,000)
Consol, mort. ** Divisional” bonds
Tot. miles oper’d
Bonds—Princi¬
pal,^When Due.
M.
I.
J.
J.
J.
J.
1,200.000
1,200.000
1873
1864
1881
When
Cent.
1,000.000
Too
....
43
2d division
Duluth <t Winnipeg— 1st mortgage, gold, land grant
2d mortgage, income
Dunkirk Alleg'd. Valle}/ d Pittsburg—1st mort., gold
2d mortgage
3d mortgage
East Broad Top.—1st mortgage, registered
East, Pennsylvania—Stock
1,000
1,000
1,000
188 L
1 88 l
1883
1879
....
Rate per
$5,202,800
1,800,000
1,534,000
109
100
143
Dubuque d Sioux Cin/—Stock
Amount
Outstanding
$100
1,000
1876
1880
1881
1874
1874
1881
1880
87
87
56
300
189
189
189
or
Par
Value.
212
208
Mortgage on extension
Net
Size,
Date
of
explanation of column headings, Ac., see notes
Road. Bonds
on first page of tables.
1st mortgage,
[vol. xxxnr.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
BONDS.
STOCKS AND
RAILROAD
xxxii
The land bonds receive 25 per cent of net
land sales as their yearly income. Gross
net, $12,715.
Jus. McMillan, President;
New York.
(V. 37, p. 68.
41
proceeds of
earnings in 1882, $243,514;
George I. Seney, director in
to Hampton,
Built on the
grading of the Iowa l’ac. Dubuque & Sioux C. Co. guarantee the bonds
Dubuque it Dakota.—Dec. 31,1882, owned from Wavcrly
miles, and from Sumner, la., to Waverty, la; 23 miles.
old
issued for construction to the extent of $L0,000 per
paid oil at any time at 105.
Prof, stock $110,000
$156,600.
Dubuque,
mile.
Bonds may be
and ordinary stock
Gross earnings in 1882, $31,958 : net, $34,174. (V. 32,p. 69.)
it Sioux 657//.—Dec. 31,1882 owned from Dubuque, Iowa, to
Iowa Falls, 113 miles.
Chartered as
Cent, from Oct. 1. 1867. for 20 years,
Dub. A Pan. in 1856. Leased t-o Ill.
the lessees agreeing to pay 35 per
Grande West, (narrow gauac)—This company’s mort¬ cent of gross earnings for ten years and 36 percent for next ten years,
lines in Utah Territory or about 460 miles in all.
Tn wit'll privilege to make the lease perpetual at the latter rate. Earnings
May, 18S L the official statement gave comp eted 366 miles, as follows: 1880, $1,097,524; rental, $395,108. Gross. 1831, $1,110,041; rental,
(V. 35, p. 737.)
From Salt Lake City to tlic border of Colorado, 274*20 miles; l'r m Salt $399,614; gross in 1882; $1,093,866; net, $393,791.
Duluth it Winnipea.— Road in progress from Duluth to Manitoba
Lake City to Ogden, 36*45 miles; branch to Bing am Canyon, 16*25
line.
280
The
Ian
amounts
miles.
l grant,
to 1,800.090 acres,
miles; branch up Little Cottonwood, 18*20 miles;' branch to Pleasant boundary
Valley Coal Mines, 21 miles; total complo ed, 366-1 miles. The stock by which is subject to the first mortgage. The stock is $5,000,000. Win.
(V. 33, p. 733.)
ebarte- is $ i8.000.000; issued on 16a miles, if7,500.000. The road is W. Spalding! President. Duluth.
Dunkirk Allegheny Valleg it Pittsb.—Sept. 30. 1882, owned from Dun¬
leased for 30 years to the Denver & Rio Grande, at 40 per pent of gross
earnings, with a guaranty of interest by the lessee on $7,r>u0,()t 0 1st kirk, N. Y., to Titusville, Pa., 91 miles. A consolidation of the Dunkirk
mortgage bonds so far as issued. (V. 34, p. 146, 291, 202, 670; V. 35, War. A Pittsb. and Warren A Venango in 1872. Is owned by N. Y. Cent.
A Hudson River Co., but accounts are kept separate.
Gross earnings.
p. 431; V. 36, p. 169, 560, 674. 675.)
1880 8 f, $291,208 ; net, $5,302.1 In 1331-82 gross earnings, $335,237 ;
Denver South Dark & P. (3 ft.)— Dec. 31,1882, owned from Denver, Col.,
net, $1 ,009. Capital stock, $1,300,000.
to Buena Vista, Col., 135 miles; extension to Gunnison, 68 miles; Morri¬
Dust Broad Top (Pa.)—November 30, 1SS2, owned from Mount Union,
son Br., 11 miles; Breckenridge Br., 35 miles; Fairplay Br., 15 miles;
Pa., to Robertsdale. Pa., 30 miles. A coal road, opened in 1874. The
others, 3 mi'es; total, 269 miles.
First mortgage bonds issue i stock is $540, 48. In 1878 gross earnings were $90,808 and net earn-.
at the rate of $12,000 per mile of finished road. In Oct., 1880, the con¬
mgs $38,122; 1880-81, gross, $127,940; net, $42,356 ; L881-32, gross,
sol, mortgage was made for $15,000,600. to be at $17,ooo per mile on
whole road, old and new, less the amount of first mortgage on the $139,260; net, $39,185.
East Pennsylvania.—Nov. 30,1892. owned from Reading, Pa., to Allen
old. Stock controlled by Union Pacific.
In 1881 gross earnings were town, I’a.. 36 miles. It is leased for 999 years from May 19, 1869, to the
$1,464,228; net, $309,757; in 1882 gross, $'1,558.723; net, $377,449. Phila & Reading RR., at a rental of 6 per cent per annum on the stock
—(V. 35, p. 102, 103.)
and interest on the bonds. G. A. Nicolls. President, Reading.
Dcnrer Western d Padfie.—From Denver to Longmont, Col.
For
Eas> Tennessee Virginia <t Georgia—(See TO a. p; page xxxlli).— $3,060 in cash the company gave $3,000 in 1st mortgage bonds and The East Tennessee Virginia & Georgia Railroad is composed of tho
$1,500 in stock. Stock $1,000,000, of which Un. Pacific owns $762,500. following lines, which were consolidated July 2o, 1881, under the above
Des Moincsd Ft. Dodge.—Dee. 31, 1882, owned from Des Moines to Fort
title: The E;ist Tennessee Virginia Si Georgia RR., the Macon A Bruns¬
Dodge. Iowa, 87 miles, with an extension 56 miles to Rutbven, con¬ wick RR., the Cin. A Ga. RR., the Knox, a Ohio RR.. and the Alabama
necting with Chicago Mil. A St. Paul. First *7 miles originally a div¬ rent. RR., making.a total of 1,123 miles, made upas follows: Bristol to
ision of the Des Moines & Valley RR., built in 1870 and sold out in Chattanooga, Tenn., 212 miles; Morristown to Paint Rock, Tenn., 45
1873. Gross earnings in 1880 were $324,72 ; net, $143,92o. In 1*81, miles: Knoxvill**, Tenn., to Kentucky State line, 66 miles; Cleveland,
net, $172,543.
In 188 ', gross, $<47,It,8; net, Tenn.. via Dalton Rome A Selma, to Meridian, Miss., 380 miles; Ooltwali.
gross, $401,532;
$120,'86. Common stock. $4,283,000; pr>-ferred, $758,280. Annual to Red Clay, Tenn.. 12 miles; Rome, Ga., via Atlanta and Macon, to
report in V. 36, p. 622. (V. 31, p. 114, 175, 549, 663, 679; V. 35, p. Brunswick, Ga 378 miles.
The company owns • ,123 miles of railroad. It .also operates undor a
313, 574. 603; V. 36, p. G*22.)
Des Moines Osceola it Southern.—Projected from Des Moines, la., to
lease for twenty years from July 1, 1*79, the lines of the Memphis &
Kansas City. Mo., 300 miles, of which a portion is built, and in March,
Charleston Railn ad Company, from Chattanooga to Memphis, Tenn..
U0 miles, and the Florence and Somerville branches, 20 miles, in all
1883, 100 miles opened. Stock issued. $503,030. $7,000 per mile; bonds,
330 miles, making a total of 1,453 mi'es of owne 1 and leased lines now
$6.0U0 per m.le. B. L. Harding, President, Des Moines.
Dei. (fraud Haven it nil.—Dec. 31,1882, owned from Detroit, Mich., to
in oneration.
On June ) tho through line between Knoxville, Kv\, and
Grand Haven, Mich., 189 miles. This is a reorganization of the Detroit
Louisville, Ky.. was opened and since that time dailv through trains
A Mil. which was sold in foreclosure Sept., 1878.
A sufficient. amount have been r tuning thus making muc'i the shortest route to till points
of first mortgage bonds is reserved to retire Detroit A. P. bonds south and so ;tiie»i*t of Knoxville. The new branches an l extensions
on maturity.
The bonds are. guaranteed by the (ft. Western of Canada
bavinbeen op ned so recently, it is didicult to say exactly on what mile¬
The consol, bonds draw 5 per cent till Nov., 1883. and 6 afterward.
age tne'earnings given below were iuad ■; but most of the time it was on
The stock is $1,500,000.
Gross earnings in 1 *681, $1,200,928; net, 90 miles of ro <d. and now, as t'.iev are all completed and the line capa¬
ble o" being oner.it d as a whole, instead of as tier to fore- in disjointed
$317,247 : in 1882 gross, $1,348,51*5; net. $3 <9,153.
De.t. Hillsdale d Southw.—Dee. 31. 1.8^0, owned from Ypsilanti, Micli.- divisions it is pr diet d by the managers that in the coming year a much
to Banker’s, Mich., 65 miles.
The-Dot. H. & Iml. road was sold in fore¬ In tt r showing wil. bo made.
closure December 28, 1874, and this company organized by the bond,
Toe lease of the Memphis Si Charleston RR. is an operating loase
In Aug 1881, leased in perpetuity t • the La<e Shore A Mich. simply, and creates no m me.yed obligation against the East Tenn.
holders.
Southern Co. for $10,500 per year (3 per cent) on stock for two years,
Va A Ga. RR., all net earnings bei ig paid over to the lessor com¬
and $54,000 per year (1 p. ct.j afterward.
(V. 33. p. 225.)
pany.
There have been varlo is negotiations in progress about this
"lease (see references below to pages in the Chronicle), but nothing dofiDetroit Lansing it Northern.—Dec. 31, 18'2, owned from Grand Trunk
ni:e Ims resulted.
Junction, Mich., to Howard City, Mich., 157 miles; branches—Stanton
Of the first mortg. consol, bonds, there are held in trust by the Cent.
Junction to Bi.r Rapids, Mich., 63 miles; Bolding Branch, Iks miles;
loaded. Grand Trunk Junction t<* Detroit, 3 miles; Lansing to No. Trust. Co. $7,509,000, to retire the same amount of the outstanding divis¬
Lansing, 1 mi e; total operated. 225 miles. A consolidation, April 11, ional and sectional bonds.
A brief report of the
consolidated company for the year ending
1871, of the Detroit Howell A Lansing, the Ionia A Lansing and the
Ionia Stanton & Northern rad roads, under the mum*, of Detroit Lansing Jline 3o, 1882. garni ihe gross earnings on 900 miles, $3,145,482; net,
A Lake Michigan RR., which was sold in foreclosure December 14, 1876, 81.283.160. For the eleven months, July 1, 1S32, to May 31, l'-SS, the
and new stock issued as above.
In July, 1*83, lc ised the Saginaw & gross earnings were $1.471,*57; expenses, $2,202,299', net earnings,
$1,269,558, mostly on 902 miles of road. (V. 34, p. 291, 625, 679; V.
Western and endorsod the bonds.
(Seo V. 36, p. 674.)
gage covers
,
r
x xi
BONDS.
SATONCKD
RAILOAD
1JA8ug3s.t,
EAILROAD
XXXIV
Subscribers will confer a
great favor by giving
explanation of column
on
first page
Date
Size, or
Par
of
Of
Road. Bonds Value.
of tables.
East Tennessee Virginia £ Georgia—(Continued)—
Dicome bonds, gold
Old 1st mortgage sinking fund bonds
EastTenn. A Georgia ($92,000 are endorsed)
East Tennessee and Virginia (endorsed)
2d mortgage to U. S. Government
Alabama Central, 1st mortgage, gold, coupon
Cinn. A Georgia RR., 1st mortgage
Eastern (Mass.)—Stock
Essex RR.lst raort. (extended for 10 years)
1879-0.
....
95
282
-
-
1882
$1,000 $16,500,000
1,000
3,123,000
'
....
1,000
1,000
1,000,000
2,000,005
100
100 Ac.
500 Ac.
4,997,600
194,400
13,425.274
492,500
4.500,000
100
100 Ac.
100
mort., gold....
($4,950,000 authorized)
1872
47
77
77
....
1860
77
....
100
.
18792-0.:
2,792.800
3,500,000
1,000
500,000
500,000
500,000
100
50
50
1,000,000
1,000
570,000
500
50
100 Ac
813-2
81*2
1865
1868
114
5(5
1869
1,000
1852
1854
1676
1883
1869
1872
1,000
1,000
’74-’81
1.000
1,998,400
91,800
2,485,000
1,000
685,000
ioo
2,500,000
1,000,000
3,000,0u0
50
146
51
109
1 44
25
55
[VOL. XXXVII.
55
1,000
100
190
....
50. 51. 103, 293, 313, -130, 431, 473, 480, 574,577; V. 30, p.
427, 510, 500, 731.)
Eastern, Mass.—Sept. 30, 1882, owned from Boston, Mass., to New
Hampshire State Line, 41 miles; branches—Salem to Marblehead, 4
miles; Beverley to Gloucester, 17 miles; Salisbury to Amesbury, 4
miles; Revere to E.Bost., 3U2 miles; Peabody to Wakefield,8 miles; Salem
to Lawrence, 20miles; others, 22 miles; leased—Eastern RR. of N. II., 10
51
miles; Newburyport City RR., 3 miles; Portland Saco A Portsmouth,
miles; Portsmouth & Dover, 11 miles; Portsm. Gt. Falls A Conway, 71
miles; Wolfcboro Railroad, 12 miles; total operated, 283 miles.
In March, 1883, a lease of this road to the Boston & Maine was rati tied
6
4
6
6
3
6
6 g.
5
1
7
6
5
in these Tables.
Bonds—Princi
Q.-M.
pal,When Due
Stocks—Last
Dividend.
N.Y.jMetropolit’n N.Bk. Aug. 1, 1931
do
do
July 1, 1900
do
do
do
do
do
do
do
do
do
do
Boston.
do
Boston and London.
1882 to 1886
May 1, 1886
Jan. 1, 1837
Jul v 1, 1918
J ill v, 1923
July 15. 1373
Sept. 15,1886
Sept., 1906
June
Philadelphia.
Boston, by Treasurer.
June 5,
1883
New York.
Mar. 1,
1902
Baltimore, N. Cent. RR.
M. A N. Phila., Penn. R. R. Co.
•
5
1%
A. & O.
7
7
7
232
6
6
J.
A.
A.
J.
A
J.
A
O.
A O.
A J.
....
g.
4,950,000
6
6 g.
6 g.
3
3.000.000
5. 6 A 7
J. A J.
M. A N.
J. A J.
....
M.
J.
J.
A.
A
A
A
A
N.
J.
I).
O.
do
do
do
do
do
do
A J.
A J.
A. A O.
J.
J.
Q.—M.
15,1883
Boston, by Treasurer.
(?)
1, 1S33
July 1, 1833
Jan. 1, 1910
Mav
Oct.
1. 2862
Trust Co. June 10, 1883
Anril 1, 1890
do
Jul v 1, 1898
do
Oct. 1, 1900
do
April 2, 1883
Bangor.
Most., Merck. Nat. Bk. Jan. 1, 1894
Jan. 1, 1833
Company’s Otlice.
N.Y'.jFarm. L’anA T.Co. Jan. 1, 1887
Nov. 1, 1887
do
do
do
do
July 1, 1921
do
do
April 1, 1923
N.Y.,Fanil.L’an A T.Co. Nov. 1, 1899
Jan. 1, 1902
do
do
July 1, 1833
Boston, Otlice.
N. Y., Union
do
do
do
do
1894 to 1902
lease was made to the Maine Central for 99 years from April
1882, for $125,000 per annum, equal to 5 per cent per anuum on
stock, and assuming the bonded debt. Earnings in 1881-82,
net, 221,094. (V. 33, n. 621 ; V. 35. p. 100, 211.)
a
1,
the
$540,022;
Evansville £ Terre Haute.—Nnz. 31, 1883. owned from Evansville,
Ind., to Terre Haute, Ind., 109 miles; Oweusville branch and extension,
37
miles; total operated, 140
miles.
Formerly the Evansville
Gross earnings, 1880-81, $088,758; net,
it Crawfordsville RR. Co.
$202,170. Gross earnings, 1881-82, $820,427; net, $374,781 (V. 33,
p. 467, 343, 502 ; V. 35, p. 484 ; V. 30, p. 731; V. 37, p. 175.)
Evansville Terre TIaute £ Chicago.—June 30, 1883, owned from Terre
Haute Junction, Ind., to Danville, Ill., 49 miles; leased, 0 miles; total
for ttfty-tivcyears (subject to legislation in New Hampshire), under which
the B. & M., after paying all yearly obligations of both companies out of operated, 55 miles. It uses 0 miles of the track of the Rockville Exten¬
the joint earnings, will take $030,000 per year, and the next $140,000 sion into Terre Haute; also leases the Indiana Block Coal road, 15
is divided equally between the two companies, after which $300,000, if miles. On April, 30, 1S80, a lease to the Chicago A Eastern Illinois
earned, goes to the Eastern.* The B. AM. will also pay 0 per cent on was made for 999 years; terms, $75,000 per annum and the assumption
$5,000,000 new prof, stock if issued by the Eastern for retirement of by the C. it E. L of all rentals arid taxes paid by E. T. II. <t C. The
debt. Mortgage notes are $084,300, secured by real estate. The last bonded interest was reduced to 0 per cent and preferred stock for $100,Josephus
annual report was published in V. 35, p. 705. Operations and earnings 000 issued for overdue coupons; common stock, $600,000.
Collett, President, Terre Haute, Ind.
for three years past were as follows:
Gross
Net
Fitchburg.—Sept. 30, 1882, owned from Boston, Mass., to Fitchburg,
Passenger
Freight (ton)
Receipts.
Receipts. Mass, (double track), 50 miles; branches—Chariest-own, 1 mile; North
Mileage.
Mileage.
Years.
Miles.
282 $77,081,993 $01,707,305 $2,905,050 $1,084,927 Cambridge to Waltham, 7 miles; South Acton to Marlborough, 12 miles;
3,091,273 1,124,000 Peterborough it Shirley, Ayer, Mass., to Greenville, 24 miles; leased
83,411,100
03.099,873
282
3,403,077 1.110,109 and operated—Vermont it Mass. RR., Fitchburg to Greenfield, 50
193,871,712
08,479,129
1881-2
283
miles; Turners Falls Branch, 3 miles; Troy it Greenfield RR., Green¬
—(V. 35, p. 21, 577, 602, 705; V. 30, p. 311, 305, 510, 530, 075.)
field to North Adams, 37 miles; total, 190 miles. The Troy it Greenfield
Eastern GY. II.)—Sept. 30, 1832, owned from Portsmouth, N. H., to RR. and the Hoosac Tunnel, owned by the State of Massachusetts, have
Seabrook (Massachusetts State Line), 10 miles. It was formerly leased been operated by this company,-and arc now contracted to it tor seven
The annual report for 1881-82 in CilRONfor 99 years to the Eastern (Mass.) RR., and a new lease was made from years rrom Sept. 30, 1880.
Oct. 1, 1878, for 00 years and two months at $22,500 per year, equal to iclk, V. 30, p. 55, said: “In 18-<l the great'trunk-line war of rates
began; and freight—and fora part of tin; year passengers—were
4*2 per cent per annum. Moody Currier, President, Manchester, N. II.
in noth directions at less than cost. There was a large business; and our
Eastern Shore (Md.)—Dec. 31,'"1882, owned from Delimit' to Crisfield, tonnage and gross freight receipts and mileage all increased, while our
Md., 38 miles. The road was sold in foreclosure Feb. 19, 1879. subject not results correspondingly decreased.' This ruinous competition, and
to the first mortgage. George R. Dennis, President, Kingshind, Md.
Ke- the fulfillment of contracts made by Western railroads, compelled us to
transport freight during the greater part of the present year at even
organized. and m 1882 a new mortgage was issued at per cent,
prior mortgage bonds exchanged. Stock. $!3‘>,0 0 common, an l $33",- less rates than in 1881.”
000 pref
Gross earnings in 1881, $08,010; net, $13,782. in 1882
Operations ami earnings for five years past were as follows:
Net
fDiv,
Passenger freight (ton)
Gross
gross, $81,010; net, $22,229. (V. 35, p. 100, 404.)
Years.
Miles.
Mileage.
Mileage.
Earnings. Revenue, p.ct.
Eel River.—Dec. 31, 1882, owned from Logansport., Did., to Butler,
152 32,20(4503 08,011,193 $1,937,934 $347,020
6
Ind., 94 miles. This was formerly the Detroit Eel River A Illinois RR.,
2,079,973
379,202
152 35,09 4,145 92,832,010
0
sold under foreclosure July 0, 1877, and reorganized under present
190 39,752,31-2 109,323,290
8
2.375,090
498,849
name Dec. 10, 1877.
Di August, 1879. it was leased to the Wabash St.
190 42,854,017 il l,507,910
2,501,595 289,581
7
Louis & Pacitic Railroad for 99 years, at a rental of 3 per cent, per
190 47,028.311 112.948,822
2,152,729
300,271
6
annum on the stock for two years, 4 per cent for three years, and 4u*
-(V. 33, p. 022, 685; V. 34, p. 14(5, 488; V. 30. p. 55, 139.)
per cent thereafter.
Flint £ Fere Marquette.—Dev. 31, 1882, owned from Monroe, Mich., to
Elizabethtown Lexington £ Big Sand}/.—Road owned, 1883: Big
Sandy River (G. A (). Junction) ’ to Ashland, 8 miles; Straits Creek Codington, Mich., 253 miles; branches—Bay City to East Saginaw, 12
Junction to Lexington, 102 miles; leased—Ashland to Straits Creek miles; Flint Junction to Otter Lake. 20 miles; South Saginaw branch,
15 miles; Manistee branch, 27 miles;
Junction. 22 miles; total operated, 132 miles. Charter ♦permits exten¬ 5 miles; Harrison branch,
sion to Elizabethtown.
It is the connecting lino of the Chesapeake A Saginaw A Mount Pleasant Railroad, 15 miles; total operated,
317 miles.
A Receiver took the old company in June, 1879; the
Ohio and controlled by the same parties. ‘ Authorized capital of tin
company is $5,090,000, with a provision in the charter to increase it to road was sold August 18, 1880, under the consolidated mortgage, and
$10,000,000. Amount issued, $4,184,200.
In 1882, gross earnings, reorganization was made andpreferred stock ($0,500,000) issued for tno
consolidated mortgage bonds, and common stock ($3,500,000) is to be
$534,154; -net, $150,455. (V. 34. p. 2920
issued for the old stock. The common stock has no present right to voto
Elmira Jefferson £ Canandaigua— Dec. 31, 1SS2, owned from Canan¬
or to receive dividends, and will
be issued only after the preferred
daigua, >7. Y\, to Watkins, N. Y., 47 miles. The road was forecksed and stockholders have received 7 per cent yearly dividends for five con¬
reorganized under present name Feb. 18, 1859. It was leased to New secutive
years. The preferred stock.is not cumulative, and after 7 per
York & Erie for 20 years from Jail. 1, 1859, and the lease transferred
per annum is paid on bath classes of stock, the balance of income,
to N. Cen. RR. in I860 at a rental of $25,000 iter year.
Lease termi¬ cent
On Jan. 1,1383,‘the land notes on
if any, is to be divided ratably.
nated Jan., 1879, and road now operated at cost by Northern ‘Central.
and lauds yet unsold 109,815 acres.
Gross earnings in 1881, $354,180; net, $90,157; gross in 1882, $303.>. 478.
.Earnings for four years past
403; net, $25,000.
were as follows
1882.
18S0.
1881.
Elmira £ Williamsport.—Dec. 31, 1882, owned from Williamsport, Pa.,
1879.
$
to Elmira, N. Y., 77 miles. This company was reorganized'’tinder the
$
$
$
Earnings—
795.S39
565,238
655,478
452,007
present name Feb. 29, 1800, and leased to the Northern Central Rail¬ Passenger
653,030
994,369
1,157,367 1,317,042
way for 999 years from May 1. 1803, at a rental of $151,500 per annum Freight
67,342
since Jau. 1, 1880. The dividends on the common stock are 5 per emit Mail, express, &e
39,967
72,563
45,558
and on the preferred 7 percent. Operations are included in the North¬
ern Central returns.
1,599,624
1,885,413 2,180,223
1,151,201
Total gross earnings
1,145,929
1,315,322 1,432,209
745,912
Erie <£ Pittsb.—Dee. 31, 1SS2, owned from New Castle, Pa., to Girard, Op’g expen’s & taxes
Pa., 82 miles; branch, Dock Junction to Erie Docks, 3-miles; leased —
748,014
453,695
570,091
405,289
Girard to Erie, 15 miles; total operated, 100 miles. Road opened in 1805- Net earnings
: ACCOUNT.
It was leased to the Pennsylvania RR. for 999 years from March 1,
1882.
1881.
1870, at a rental of 7 per cent on stock and interest on the bonds,
Receipts—
$763,852
and the lease was transferred to the Pennsylvania Co. The lease has Net earnings
$570,091
been quite uuprolltalrie to the lessees; tbe\letieienev paid bv them in
Disb ursements—
309,024
1880 was $242,819, in 1881, $233,522, and in 1882, $207,051.
$322,118
Interest on debt
422,500
357,500
European £ North American.—Sept. 30, 1SS2, owned from Bangor, Dividends
3,935
Me., to Vanceboro (State Line), Me., 114 miles. Road was worked in Loss on cargo “St. Albans”.
connection with the St. John A Maine, making an unbroken line from
$731,524
$683,553
Total disbursements
Baugor, Sic., to St. John, N. B., 205 miles. In 1875 default was made,
and a new company was organized October, 1880, which issued new
def.$113,462
sur. $16,490
stock ($2,500,000) forthe land grant mortgage.
The-company bad
A land grant of 750,000 acres in the State of Maine.
On Aug. 31,’ 1882, —(V. 31, p. 60, 520; V. 35, u. 211; V. 3.6, p. 55, 103, 478.)
5
and
carried
....
....
-
,
*
...
ii;
and by
....
6
<>
Payable
Where Payable,
Whom.
F. A M.
M. A. S.
233
3*2
611,000
When
Oct.
J. A J.
J. A J.
M. A N.
J. A J.
J. A J.
J. A J.
J. A 9.
M. A S.
M. A S.
J. A D.
6
7
6
2.078,000
375,000
775,000
325,000
1,000
1,000
Rate per
Cent.
7
7
281,000
1,000
35. p.
d:;;
388,000
147,000
95,000
1,000
1,000
140,000
110
of State tax
Equipment bonds
European £ No. A merican—Stock, guar. 5 per ct
1st mort., Bangor to Wmn.. Bangor loan
Evansville £ T. Haute—Stock ($100,900 is pref. 7)
1st mortgage, Evansv. A Ill., sink, fund
1st mortgage., sink, fund, (Evansv.toT.il.)
Consol, mort., gold (for $ 4500,000)
1st mort., Mr. Vernon Branch
\£
Amount
Outstanding
94
Elmira £ Williamsport— Stock, common
Preferred stock
1st mortgage bonds
Income bonds, 999 vears to run
Erie £ Pittsburg—Stock
2d mortgage, convertible
BondR. coupons,
1851
1876
16
38
94
Elizabeth. Lex.£ Big Sandg—1st niortg.,cp, or rcg..
Elmira Jett'. £ Canandaigua.—Stock.
Fitchburg—Stock
1881
1870
’50-’5G
1856
1872
1879
1883
....
242
112
130
Mortgage funding certificates
Eastern (N. II.)—Stock
Eastern- Shnrr (1 Td. J—1 kI, mort g:L«re
Eel River—Stock
1 Rt. mortgage
Evansville Terre Ilaute £ Chic.—1st
2d mortgage, gold
BONDS.
immediate notice of any error discovered
Miles
headings, Ac., see note*
Consolidated mortgage free
AND
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
STOCKS
<+i.
E
RAILPwOAD
August, 1883. J
Subscribers will confer
a
Miles
For explanation of column headings, Ac., see notes
tirst page
of tables.
Flint d Perc Marquette—Profowed stock
Reorganization mortgage bonds, gold
Flint A Holly RR. (sink’g fund $25,000
per
Bay County, issued in aid, guar, by lessees
year).
Holly Wayne A Monroe, 1st mort., sinking fund.
Florida Central d Western—1st mort.. goal
Fonda Johnstown J Gloetrsviile— 1st mortgage
Consol, mortgage
-.
Fort Madison J Northwestern—Jst mort., gold
Fort Wayne d Jackson— Pref. stock, (8 percent):...
Common stock
Fort Wayne Cincinnati d Louisville—Stock
Fort Worth J Dcnv. City—1st M.,gold ($25,1.00 p.m.)
Frederick & Pennsylvania Ijine— 1st mortgage
Fremont Elk horn j AIo. Valley—1st mortgage
1st mortgage
Date
of
of
Road. Bonds
355
290
17
....
65
234
30
26
100
3 00
100
128
28
51
39
1880
1868
....
1871
1882
1870
1880
1880
Size,
Georgia Railroad d Hanking Co.—Stock
Bonds, not mortgage
Bonds, not mort gage
Macon A Augusta, 1st mortgage
Grand Rapids J Indiana-Stock
1st mort., land grant, gold (guar, by Pa. RR)
1st mort., gold, ($1,895,060 are land grant)
In come mortgage bonds, for $10,000,000
Green Hay Winona d St. Paid— 1st mort. coup
2d mort. income bonds, reg., non-eumylative
51
106
107
256
226
675
675
50
35
197
307
77
332
332
332
332
219
219
Outstanding
$....
1,000
$6,500,000
3,650,000
500 Ac.
500
1,000
10
8
1,000
2,808,000
100 Ac.
100 Ac.
500 Ac.
1,000
1,000
500 Ac.
1,000
1876
1881
18 S2
1870
1882
7 7 A. 80
1867
....
1,000
1,000
1,000
1,000
Ac.!
1869
1 875
M881
1S81
431,7-17
4,000,000
2,750,000
500,000
690,000
270,000
6 g.
6
7
7
317,082
*y
2,152.000
1,199,000
r~
4,800.000
6 g.
7
i
XXXV
1,000,000
7
13,500.000
6,7 50.0. K)
2,00",000
6
rc
0.
5
296,000
4,987,081
237,500,
2.100,000
1,000
1,000
1,000
1,000
1,000
Mi.
outstanding on t he
road and 1,800,000
to retire the bonds,
optional with bond¬
holders to-surrender their bonds, if drawn.
In June, 1881, a large
interest in the slock was bought by Southern Pacific parties.
The
mortgages on the Mexican Pacific extension cover 640 miles of road,
from San Antonio to El Paso, and the Eagle Pass branch, 35 miles—
675 in all.
The land grant is sixteen sections (10,240 acres) per
mile. Earnings, Ac., for four years on 256 mill s were:
1882.
$1,390,670 $1,392,890 $1,258,917 $1,628,026
571,901
593,725
755,015 1,024,980
$818,700 $799,165 $503,872 $603,039
$359,283
$354,784 $370,593
$391,275
—(V. 35, p. 78, 103, 213, 206, 317, 405. 431, 456, 578; V. 36, p. 110.)
Galveston Houston d Henderson of 18S2.—Dee. 31, 1882, owned from
Galveston, Tex., to Houston, Tex., 50 miles.
The road was opened in
1853-4 and sold in foreclosure Dee. 1, 1871, and reorganized as the G.
H. & H.#of 1871.
In July, 1880, the company defaulted on its interest
and the road was sold in foreclosure Aug. 1, 1882, for $460,000, and
purchased in the interest of Jay Gould and Russell Sage. The bond¬
holders, by agreement with the purchasers, received new 5 per cent
4,001 .000
2,903,000
1,097,000
1,600,000
h
3.7S1.000
7
6
7
Hands—Princi¬
pal,'When Due.
When
Payable
J.
Where Payable, and bv
A J. N.
A. A O.
Whom.
Yk, Mer. Ex. Nat. Bk.
do
do
A N. N. Y.t Meclinn. Nat. B’k.
A S.
New York.
A J. N.Y.. Me.rch. Nat. Bank.
A J. N. York or Amsterdam.
A J. N. Y., St. Nich. Nat. B’k.
A O.
do
do
A. A O.
New York or London.
M.
M.
J.
J.
J.
A.
Stocks—Last
Dividend.
July 1G. 1S83
Get.
1, 1920
May 3, 1888
Sept. 1, 1887
Jan.
April
July
May
April
1, 1901
1, 1922
1, 1900
1, 1920
1, 1905
1883
J. A
A. A
A. A
A. A
V A
A. A
D. N. Y., Mercantile Tr. Co.
O. Pennsylvania. RR. Co.
O. N. Y., Nat. Park Bank.
O.
dor
do
do
do
O
O. Boston, EverettNat.Bk.
do
do
O.
A. A
F. A A. N.Y.,D.,M.ACo.,ALond.
A- 11 IV. V
T)i/*v<‘l
U
.6 Oi
.)
1,000
Fremont Elk horn J Missouri Valley.—Fremont to Thackler, Neb.,
and Norfolk Junction to Creighton, Neb., 805 miles. Leased to Sioux
City A Pae. RR. The, rental is 3Jff per cent, of gross earnings. Stock,
$1,924,500. See report and balance sheet in V. 36, p. 320; balance of
inoonie over int-ir«-bt. Ac., $7,240. ( V. 35, p. 235; V. 80, p. 220, 023.)
Galveston Harrisburg <:' San Antonio.—J)cc. 31, 1882, owned from
Houston, Tex., to San Antonio, Tex., 217 miles ; Lagrange Extension, 31
miles; Ilarri.-bnrg ;o Pierce June,lion, 8 miles; leased, Harwood to
Gonzales, 13 mile-; total, 209 miles.
Western Extension, San Antonio
to Rio Grande River, connecting with Southern Pacific, 030 miles; Eagle
Pass Branch. 35 miles; total Western Extension, 661 miles. Grand total,
939 miles.. The extensions to the Rio Grande at Eagle, Pass and to El
Paso were completed-into in 1382.
This was a successor to the Buffalo
2,287.832
6
7 g.
2 ff
01«,
Fold Wayne Cincinnati J Louisville.—From Fort Wayne, Ind., to Connorsville, Ind., lOt miles; branch to Rnsliviile, Ind., 24 miles; total
operated, 128 miles.
The Fort Wayne Munoie A Cincinnati Com¬
pany defaulted and a receiver was appointed Nov.; 1874.
The road
was sold in foreclosure, Ji Iv 27. 18.81, to Elijah Smith, for the bond
holders, for $1,000,000. The bondholders reorganized under this name.
(See plan. V. 82, p. 877.. Gross earnings in 1882, $274,3.10.
Elijah
Smith, President, Boston, Mass. (V. 32, p. 121, 577; V. 33, p. 100, 153;
V. 35, p.131.)
Fort Worth <£ Pearce City—Road in progress from Fort Worth,Texas,
northwest to (he, Canadian River; ami in operation to Wichita Falls,
110 miles.
It. is built by .Texas A Colorado Improvement Company,
G. M. Dodge, President.
Stock $20,000. per mile; par value of
shares, $100. Gross «.■arnings,Alav to Get, 18s2. inclusive, $129,123;
net, $79,830. (V. 33. p. .3:2. 710 ; V. 34, p. 453, 022, 004, 679 ; V. 35, p.
23, 131,318, 431,457, 480, 002 ; V'. 36, p. 80.)
Frederick
Pennsylvania Line. — Dee,. 31,1882, owned from Kingsdalo
to Frederick <’i;\, Ud.. 28 miles,
it
Uiase.d to Pemisylvania KU.,
which pays intm-est mi tirst mortgage. Preferred stock
i^old by Penn¬
sylvania RE., $400.000; common stock, $812,528. John Louts, Pres.,
,
200,000
3 50,000
4,200.000
298.)
Net earnings
Interest paid
7
100
500
1.000
....
Fort Wayne d Jackson.—Pec. 31, 1882, owned from Jackson, Mich., to
Fort Wayne, Ind, 07 miles. This road is successor to the Fort
Wayne
Jackson & Saginaw, which made default on its bonds and was sold in
foreclosure Dee. 3, 1 S70. On Sept. 1, 1882 leased perpetually to L. Shore
& Mich. South, at a rental of $126,027, equal to 5*2 per cent on the. pref.
stock, and after 1?>87 any tied earnings over 8 per cent on pref. stock to
be paid as dividend on common stock, but not exceeding 2 per cent, a
year. Gross earnings in 1881, $205,502; net, $117,602.
(V. 35, p. 131,
3 881.
300.000
7 g.
6
Oscaloosa, la., 100 miles.
Under construction, and bonds sold in
New York, 1881, and also offered in Loudon May, 1882. Earnings in
1881-2, $47,462; net, $20,727. Earnings in 1882-3, $56,316; net,
$23,826. Stock, $425,000. V. 34, p. 604.
1880.
5 g.
600,000
3,180,000
100
to
1879.
j
1,000
1,000
15. S. Henning, Pres’t, New York City. (V. 34, p. 60, 315.)
Fonda Johnstown d Gloversville.—Sept. 30, 1882, owned from Fonda
to Nortliville, 26 miles Rond opened Dee. 1,1870. The stock is $300,000.
In 1881-82 8 per cent dividend was paid.
Net earnings, after
deducting interest and rentals, in 1880-81, 38,230; in 1881-82,
$26,157. W. J. HeaeockyPresident, Gloversville, N. Y.
Fort Madison <£ Northwestern.—April, 1883, owned from Fort Madi¬
son, la., to Birmingham, la., about 45 miles. Projected line, Fort Madison
Gross earnings
Operating expenses
|
l'OOO
100
1869
6 g.
75,000
1,000,000
....
1880
1881
’71-’80
1880
1881
3ff
10
.
3881
1870
1871
1879
Rate per
Cen t.
300,000
$106,016.
Bayou Brazos A Coh Railway. The capital stock
whole road is $27,Uo3,60o. The 1st mort. covers
acresof land. The proceeds-of land sales are used
and also a sinking, fatal of 1 per cent, but it is
Amount
Par
Value.
Florida Centrald Western.—Jacksonville to Chattahoochee, 208 utiles,
and branches from Tallahassee to St. Marks, 21 miles; and from Drilton
to Monticello, 4 m.; fcofal, 234 miles. This was a consolidation in Jan.,
1882, of the Florida Central, the Jacksonville Pensacola A Mobile,
Ac. Of the above bonds $1,000,000 is a pref. lien ‘ series A,” the balance
of the issue being known as “series B.” The capital stock is $3,000,000 ;
par $100.
In 1882 earnings for 11 months were $307,022; not,
Frederick Ci t y,
BONDS
INTEREST OR DIVIDENDS.
or
07881
Income bonds
1st mortgage
1st mortgage (new)
Galveston llarrisb.d S.A ntonio—1st mort, gold, I. gr.
2d mortgage
Mexican A Pacitic Extension, 1st mortgage, gold
do
do
2d mortgage
Galveston Houston J: Tlend. of 1882—1st mort.,guar
Geneva Ithaca d Sayre—1st inert., s. f., gold
Georgia Pacific— 1st mort., $10,000 per mito
•
AND
great flavor by giving immediate notice of any error discovered in tliese Tables.
DESCRIPTION.
on
STOCKS
Dec.
1.
1921
3 900
1901
3 899
IS 86
1900
1899
1910
1905
Fob. 1,
June l,
M. A N.
New York.
May 1, lt»3l
do
.Till v 1. 1931
J. A J.
A. A O.
New York.
April 1, 1913
.3. A J. N. Yk, Metro]*. Nat, B’k. July 1, 1890
J. A J. N. Y.. Central Trust Co. Jan. 1. 1922
O —J.
Au‘n;stMjt-i.i., RR. Ra.nff July 35, 1883
do
do
I. A J.
Yearly to 1890
do
do
J. A .1.
I897 A 19 L0
do
do
J. A J.
1887
*
7 g.
J.
7 g.
7
6
8
A.
M.
F.
M.
J. N. Y., Third Nat, Bank.
A O. N. Y., Winslow, J,. A Co,
do
do
A S.
N. Y.. Nat. Citv Bank.
A A.
do
do
A N.
A
is 99
1899
3 906
FM>.
1, 1911
May 3, 1911
bonds for their old bonds, and the road is leased to the International,
and bonds guaranteed by that company. The capital stock was $1,000.-
000, and ti0 representation was allowed in the reorganization to the old
stock held qv outsiders. 'Stock of the new company is $1,600,000. (V.
34, p. 11G, 344, 378, 460; V. 35, p. 160, 211, 637, 762; V. 36, p. 30,
67-1, 675.)
Geneva Ithaca J Sayre— Sept. 30, 1882, owned from Qeneva, N. Y., to
Sayre, Pa., 75 miles; branch, Ithaca, N. Y„ to Cayuga, N. Y., 38 miles;
total operated, 113 miles. Organized Oct. 2, 18/6. as siuuessorof the
Geneva Ithaca & Athens RR., which had been formed by consolidation
of the Geneva & Ithaca and Itliaea A Athens railroads, May 25. 1S74.
In 1880 absorbed the Cayuga & South. RR., 37 miles.
Th4 G. T. A A.
having defaulted on its interest was placed in the hands of ,T Receiver,
March 4, 1875, and the road was sold in foreclosure Sept. 2, 1876, and
this company organized in the interest of the Lehigh Valley RR. Tho
stock is $1,275,000; pre erred, $100,000. Gross earnings in
1880-81, $162,920; expenses, $'52,725; net, $10,195. In 1881-82,
gross, $505,168; expenses, $532,423; deficit, $26,955.
II. A. Packer is
common
President, Sayre, Pa.
Georgia Pacific.—From Atlanta to Texarkana, Tex.. C01 miffs, or
wliich'218 miles completed to March. 138 !, including the Greenville (N.
G.). 52 miles, purchased. Built by Richmond As Danville Extension Co.,
which has $5,i)0(>.000 subscribed capital, of which $3,500,000 had been
called up and naiil to Feb., 1883. 19.7 miles of road to be open iu Nov.,
1S33.
Sve re u>rt at length in V*. 36. p. 195. (V. 31, p. 00. 575, 687; V.
35, p. 71, 189. 291,297, 405, 603, 763; V. 36, p. 195; V. 37, p. 151.)
Georgia Railroad d Pankina Company.—Augusta, (hi., to At hint a. Ga.f
171 miles; branches to Washington and Athens, 60 miles; Wammton,
Ga., to Macon, Ga., 76 miles; totai operated, 307 miles. The West¬
ern
RR. of Alabama, purchased in .May. 18“5, at, forcclosim , is owned
,
jointliv with tlu* Centra! RR. of Georgia. Tile Macon A Augusta RR.,
miles, is owned by t his company. The Fort Royal A Augusta RR.
is ow'ned in part by this company. 111 April, 1 S3 1. a lease for 99 years
was mode to \V. M. Wadlc.y and "associates (for theCoatril of Georgia
and the 1 odsvilff A Nashville railroads) ar. $600,0011 per year, p yable semi-annually, and dividends are 2ff per cent quarterly.
in 18-2’•'3 net income iro'm all sources, including
ank. was .4(>i9,8l t, leaving
balance of $23,i8i over all pa •> mentis, including dividends.
(V. 34,p.
662; V. 3,5, ]>. 130; V. 36, p. 453, 55if.)
\
76
Grand Rapids -X: Indiana.—Dec. 31, 1882. owned from Fort W - no
run., to Bay View .Mich.,332 miles; leased and operated; Cm. Rica aoml
A Fort Wayne RR.. 36 miles;
Traverse City Railroad. 26 miles; Bay
View Lit!ff 'i'raverse A Mackinaw Railroad. 6 nulcs; Grand Rapids <5;
Mack..-34 miles; total, 4*5 miles. Tite Grand Rapids & Indiana RR. 19
operated iu the. interest of the Pennsylvania RR. Co., and $.000,900 of
I lie first mortg. bond a are guaranteed by that eompauv, which buys tho
coupons each year if any remain unpaid by tlie e-arhings, ami on Jan.
1, 1883, .$1,862,170 unpam coupons wore la 14 by Pa. RR. and Pa. Co.
First mortgage bonds redeemed by the sinking fund are replaced by
income bonds issued.
In March, 1883. payment' of coupons was
(Seo
suspended in consequence of the Pennsylvania Railroad suit.
V. 36. ]>. 3 to. 399.
The company had land grants amounting to
852.960 acres, and sold 111 1882 51,609 acres, for $t '9,122. an averago
of $3 32 per. acre.
Tho lands unsold on Jan, 1. 1883, were 478,747
acres.
The assets were $1,625,93.8 cash in hands of'trustees; $087,495
bills receivable, and cash with cashier, $15,859.
Operations and earn¬
ings for four years past on main line wi re as follows: 2
Net
Freight (ton)
Gross
Passenger
Years.
'Milo
Mileage.
Mileage.
Earnings. Earnings.
332
17,323.880,
51.267,197
$1,345,134 $132,645
332
476,745
21,209.396
69.801,159
1,092,754
562.890
2 1.001,483
18,3 1
332
1,940,570
79,310,473
2s,382,854
582,054
1882
332
93,283,2 L2
2,260,291
—(V. 34, p. 315, 602, 663; V 35, p. 23, 51, 317; V. 36. l>. 340, 399,
55 8, 70 7.)
Green
Pay Winona d St. Paul.—Ttec. 31, 1382, owned from Green Bay,
Vis., to Marshland, Vis., 209 miles; branches, in miles; 1< used—Plover
to St even's Pt., 6 miles; total, 225 miles. This was a reorganization in
13SL of the Green Bav A Minnesota, which company made, default and
the road was sold March 12, 1881. See. 1'uli statement of debt and plan
of reorganization in CnnoNici.i:, V. 31. p.453. Pref. stock is $2,000,000,
and entitled to 7 per cent when earned, and common stock $8,000,000,
both stocks in $100 shares. Iu l.ssi net earnings were $70 774; in 1882,
$93,327. (V. 33, p. -ill, 530, 587, 6tl, 736; V. 34, p.'261.)
Gulf Colorado J Santa Fr.—Aug. 3,1882, mileage Avas as follows'
"Main Vine, Galveston to Lampasas. 271 miles; Fort. Worth Division, Tem
pie to Fort Worth, 12-?; Northeastern Division, Cleburne to Dallas, 53;
Eastern Division, Somerville to Internati mal A. Gt. North. RR^72;
Houston Division, Alvin to Houston, 23; total 550. miles, of which 67
miles were under construction.
Road opened late in 1878 (63 miles),
and sold ami reorganized April 15, 1879.
Formally opened under new
regime August. 1830, and has been )apidlv extended.
See report in V.
35, p. 429.'.Stock July31. 18.82. $3,48t»,OOU. In July, 188 i, the 2d mort.
was authorized, lines earnings in 1880-81,011 an a v< rage of 212 miles of
road. $777,1.35. net, $253,751; in 1881-82, on 361 miles gross $1,251,073,
net $110,117. George Scaly. ProsE. Galveston. Tex.
(V. 34, p. '14, 344,
479,438, 715; V. 35, p. 339,317, 429,763; V. 36, p.501,07c; V.37, p.127.)
STOCKS
BA1LK0AD
XXXvI
Subscribers will confer a great favor by giving
Foy explanation of column hen-ding;*, Ac., eee note*
first page
of tables.
Miles
of *
Road.
Date
of
Bonds
533
1879
1833
Gvlf Colorado if Simla /c—1st M.. g. ($12,000 i».m ;
2d lie rtg.ge ($: 3,< 01/ in r m 1 ),.
Even mbitl if »>/. Joseph—Common stork
Preferred stock (7 p. e. yearly, not cumulative).
Ponds 1870. convertible
I.and grant bonds, secured by land notes
Consolidated morr. (for $3/>O0,0o0)
.
Bonds Quincy A Paimyru lilt
Bonds Kansas City A Cam. it It
E finish. I'lH'Isoi’t/i .ill. Jan <f I a or.—Stock
....
292
292
15
'
,
Preferred stock
1st mortgage, coupon
2d niort. bonds pi 1869
3d mort.. reg
Ilov fit. Jias I if West Texas.—1st mortgage, gold
....
2d morr.. land grant ($5,000 per mile)
Evasion if ’Texas Cent.— 1st M., (mum) gold, l.gr..s.t
1st mort., 1. gr.. West div. (tfempslead to Austin)
IstM.. gold.Wueo AN’west (fbcmoml to Ross;
Consol, mart., land grant. Main and Western Div.
Consol, mort., land grant. Waco & Northwest
Gen mort., gold (for $18.5oo,ti0n)
'.
Evntiuf/i/on «t: Broad Top—1st mort., gold
2d mortgage, gold
3d mortgage, consolidated
.
5-1
54
28
09
120
120
100
100
90,000
3,000,000
433,000
4.000
1,000
1,200,000
l, 182,55*9
700,000
507,200
50
500 Ao.
100 Ac,
....
1 853
1874
....
•
....
1805
1809
1880
500 Aw.
500 Ac.
1.000
1.000
1800
1870
1873
1872
1 875
Hs81
1854
1857
1805
58
58
58
•
500 Ac.
1878
1*83
522
•
100
100
....
4 42
14 2
3 15
1-19
58
40 1
58
•
....
Mortgage bonds, sterling
Sterling bonds, (sinking fund £20,000 yearly)
Mortgage, sterling
Bonds, conn ($2.1)00.000) M. on Ch. A 8n. Bit
.
.
.
700
1 875
700
1874
700
1 1 1
187.5
1877
Hannibal if St. Joseph— December 31, 1832, owned from Hannibal,
Mo., to St. Joseph, Mo., 206 miles; branches—Cameron to Kansas City,
53 miles; St. Joseph to Atchison, Kans., 19 miles; Palmyra to
5
994.000
7 g.
710,000
6
7 g.
7 g.
3.300,000
410,000
307,500
1.497,000
118,895
29,000,000
10,000,090
2,500,000
4,100,000
1,000,000
1,000.000
to
nr
i
300,000
4,117,000
84,000
100
100
£200
£200
£20 0
1.000
083
4
2
7
6
2,270,000
1,140,000
....
3
8
7
0
8
10
820,000
1,180,000
100,000
300,000
0,202,000
....
....
0
1’2
1,000
1,000
1,000
1,000
1,000
1,000
7 g.
2,700,000
.1,000
500
500
1,320
Illinois Ce)i trill—8toeit
Leased line i percent stock
Rate per
Cent.
$0,150,009
(0
9,168,700
5,083,024
4,000,000
$ 1,000
1,000
f
Scrip for interest 1st and 2d mortgages
ft
Outstanding
....
...
'
Amount
1807
74
.
or
Par
Value.
1870
1878
1881
53
-
Size,
....
292
regi>rcre 1 (extended :>'() years in 18*3}
ITar risburtj <f Potomac—1st mortgage, coupon
Hurlfuril 9; Connecticul M'cslcrn—Stock
m
immediate notice of any error discovered in tliese Tables.
....
292
1st inor.,
Eonsa/ainc—Stock,
[VoL. XXXVII.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
on
BONDS.
AND
Red
Where Payable, and
Whom.
7
4
0 g.
tr
5 g.
6
by
J. & J. N. Y.Nat.City Bk.AGalv.
Now York.
A. & O.
F. A A.
M. A 8.
J. & J.
M. A 8.
F. & A.
.r. & j.
J. A J.
J. A J.
J. A J.
N. Y., Company’s Office
N. Y., B’k. No. America.
N. Y., Farm. L. A T. Co.
N. Y., B’k. No. America.
do
do
do
do
Phila., Co.’s Office.
do
do
Phila., Third Nat. Bk.
....
Q.-J.
8 ’
8
0 g.
7 g7 g.
5
r#
When
Payable
pal,When Duo,
F. A
J. A
A. A
M. A
J. A
J. A
J. A
J. A
A. A
M. A
A. A
A. A
F. A
A. A
J. A
M. A
J. A
A. A
A. A
S. A
J. A
River City, Tex.,
Bridgeport A Boston.
A.
Bridgeport, Oflieo.
do
do
J.
do
do
O.
N. N. Y.. Union Trust Co.
do
do
J.
J. N. Y., J. J. Cisoo A 3on.
do
do
J.
do
do
J.
do
do
O.
do
do
N.
do
do
O.
O.
Philadelphia, Olhee.
do
do
A.
do
do
O.
do
do
D.
S. N. Y., 214 Broadway.
do
do
J.
London.
O.
O. London,Morton R.A Co.
do
do
D.
J. N. Y.. 214 Broadway.
Stocks—Inst
Dividend.
July 1, 1900
Oct. 1, 1923
Feb’ 15*
1883
Mar., 1885
.Tan. 1, 1888
Mar. 1, 19 LI
Jan., 1892
Jan.. 1892
July 10, 1883
July 1. 1913
Jan. 1, 1904
Dee. 1, 1882
July 1G, 1883
Aug. 1, 1885
July 1,
1889
April 1, 1910
1898
Jan. 1, 1913
July 1. 1891
July 1, 1891
July 1. 1903
Oct. 1, 1912
May 1. 1915
April 1, 1921
Oct.
Feb.
1, 1890
1. 1895
April 1, 1895
Dec.
1, 1889
Sept. 1, 1883
July 2, 1883
April 1. 1895
April 1. 1903
Dec.
Jan.
1. 1905
1. 1898
315 miles; branches—Hempstead, Tex., to
Austin, Tex., 118 miles; Brcmond, Tex., to Ross, Tex., 58
operated. 522 miles. Texas Central RR. completed from
bany, 177 miles.
The company has a land grant from
miles; total
Ross to Al¬
the State of
Quincy, Ill., 13 miles; total operated, 292 miles.
An extension to
Chicago-in 1883 is projected. The company laid a Congressional land Texas of 10,240 acres per mile, amounting to about 5,130,720 acres;
grant and received $3,000,000 in bonds from the State or Missouri, which but the lands, as in the ease of other Texas roads, are not on the lino
loan was re.pai l in cash Juno’. 1881. but. litigation followed as to the of the road, though some of the lands will' be made available, it is re¬
interest payable on tin* State bonds. (Sec V. 30. p. 5G0.) The land sales ported, by the construction, of other Texas roads. Mr. Morgan, of tho
Louisiana SS. Line, bought a controlling interest in tho stock, and in
for four > ears past .were as t'npows: i.s74, 01.272 acres for $-19 1 778,
Feb., 1883. the South ora Pacilic syndicate purchased this interest
average $7 70 per acre; 1S3>. 74.H52 acres for $551,771, average $7 37
($4,40^,009 of the stock) with their purchase of Hie Morgan property.
per a< re; 188 i. 29.8 UJ acre* for $20-1.107, average $0 8 l per acre; 1832,
1 *,78-1 acres for $ 7.080, s\erage $5 5) per acre.
In Sept.., 18-82, a syn¬ Total stock is $7,720,900. (See V. 30, p. 212.) The general mortgage
dicate. in lading Jay G»*ul I, Russell Sage, and others, bought 1)0,000 of 1881 for $18,500,000 is made to the Farmers’ Loan A Trust Co. aa
trustee. Last report of earnings on tho 522 miles gave the following:
shares o‘ common stock Irom Join: It. Dull', of Heston, and in May. 1 888,
Gross Earn’gs.
Net Earn’gs.
tilt* common stock uml a larze amount of preferred were sold to the 0.
1890 (522 miles)
$3,741.00*0
$1,733,077
Is. A Q. 11.;. Co. at -if> tor the common and par for the pfeierred, pa) able
1881 (522 miles)
8,748.055
1,000,782
ill C. K. A Q. 5 per cent bonds.
1882
8,150,517
1.407,013
(.522 miles)
Prelerro i->io« u h .> prim- right to a. non-cumulative dividend of 7 ncr
Tiio payments out of net earnings were: Interest on funded debt,
Annual report in V. 3;!, p. 28 1.
Cent; then common to 7; then both share.
$1,193,255; on II >ati:ig debt, $53,838; other payments, $100,499;
INCOME A« cot;N't’.
188 2.
1881.
total, $1,407,013. (V. 85, p. 77, 101, 287. 059 ; V. 35. p. 89. 212.)
1" 7:'.
) 8 -0.
$
$
irunlinadon <C Broad Top.—Dee. 31, 1832, owned from Huntingdon
0 0
231
>
-2.5 J i ,399
2,119,0 K) Pa.,.-to Mt. Dallas, Pa., 45 miles; branches—.Slump's Run,9 miles; Six1,997,105
Total grosscarn’gs...
mile Run. 5 miles; ami Study Run, 8 miles; total opwau; 1, 0
miles.
R crr/Js —
819 9 if)
1,0*3,821 This road was opened in July, 1850. The capital stock is $1,30 3,050 com¬
773.9 -3
1,2.50.809
N'*t.-«-.;M rings
0:3
mon and $1,983,500 7 per cent prof, stock. Earnings in 1881, $ >32,053;
Premium *'U ’> mis
4 1 79-5
-1,7 10 net. $18 5,803. In LS82, earnings, $320,434; net, $L70,185. (V. 32, p.
0,3 > 1
4. M L
Misreil.tiici us
-
-•
•
-
j
.......
..
'
.......
launt.s.
297.19 7
(2> (ill)
Total inconn*
J)‘sbars< tvea >s—
!ntci c>! <*o 9., i»r.
Divid -mis »»n pr. st’lr.
1,072.001
1,32*1,701
Lull
is
A 1. gr.
0.54.0 10
( !j1-*)3 to ;>!)•»
4 17,598
4 3n,903
(
.54
.
155, 308.)
1,18'*’'. 271
0.5 l.,0 0
*li>
0.57.320
Misee.l.ineoa-
(:7) 3
124.00 7
1,00s,700
:53,>1 l
3 >,''10
I, 2S9, 3:5. 811, 5 19; V. 8~>. p. 103, 189, 1 97.
308, 820, 575, 71 0; S'. 8 , p. 1 9.5, 22 1,25 1,2d l, 812, 810, 89*9. 153, ; 09.)
Jlarn^bari/ Portsmouth >'o.mt Jon <(• Lancaster. — Dee. 81, 18*2,
owned tro,.t Diilcrville, l’a., to 1 l.-irrisburg. Pa., 80 miles; branch,
Middletown, Pa., to Columbia. Pa., IS miles; total operated. 51 miles.
The property was liaised to the Pennsylvania Railroad Co. for 999
years from Jan. 1, 1801, the rental being 7 per cent on the stock and
interest on the bonds. Operated as a part of main line of Penn. Kit.
Tot.di>b:ir-em’ls.
Balance. f-urp its...
—(V. 8 1, p. 3 t, 17 7. 20
hr
1)
—( V. SO. p.
•
>
.
1,1.8!, if*7
1.1-52,0 (3
7*>7/!22
277.3*2
1 )t,l U
*0.)
Bowmunsdaleja)
operated, 37
and
Bond)
Ihrrisburif <(• Potomac —Deo. 31. 1382, owned from
0his pen.'•bur.', Pa., 82 miles; branch to mines, :>h>m.; total
miles,
extensions are projected from Jacks mvilie to Shinpensburg
from Bowtiiansdalc to Harrisburg. Road opened through in 1878.
authorized, $1 ,809,000.
Stock $87.>,105.
C. W. Aid. Pres.. Newville. Pa.
Hartford if- Connecticut Western. — Hartford, Conn., to
RhincelitT. N Y.,
108 miles; Mi lerton to Connecticut St ate line, 2 mi cs;'t-tul. 110 miles.
Foreclosure suit was begun in 1880 against the forme • Connecticut
Western, and the State Treasurer took possession.
On May 25, 1881,
bondholders re-organized, and stock in new company
issued for
bonds.
In March. 1882. the pir chase of the Rliin
A Connecticut
-beck’
is*
Railroad was made for $890.<>00 in t In stock of this company.
3aini g.s 1.*s8)-32, $501,278; delict.$.5, 87. (V. 32, p. 577; V.
23.73. 153 : V. 3 1. p. 28 !. 800; V. .s5, p. (>;).!. 730)
Gross
83, p.
TInUsu tonic.—Sept. 30. 1SS *. owned from Bridgeport. Conn., to State
Line,Mass., 71 miles; Brookville to Banbury, 0 mile.*; leased- Berkshire
lxndroad, 22 miles; West Siockbridge ItR., 3 miles; Stockbridge A Pitt-slleld RR.. 22 miles; total, 127 miles. Tin* preferred 8 per cent, stock was
Issued in 18 15 to pay for laying the road with heavy iron. Tin*, com¬
pany has voted to issue $700,000 of 3 per cent bonds to take up $ 100,000
prior bonds, end to lay steel rails. There arc. also $ 10 >,000 rolling stock
zeriiiieates. Operations and earnings for four years past as follows:
Passenger
Milos.
Years.
127
1878-9...
.
1379-'(>
1880-81
1881-82..
.
.
..
127
12/
1 -7
(L
Frcighi (ion)
Net
oss
Mileage.
Mileage.
Earnings.
0.3 10,830
7.32 vjs()
7.8 10. !»1
4 2.7 1 1 ,.5 5 t
1 7,''90,190
$59.3.335
17.‘_7 7,3 40
8,510,710
17,-5 10,i>7 0
7-10.997
754.513
7 10,323
1
Earnings.
$J 1.3.4 20
2 17,283
Illinois Central.—Deo. SI, 183 2. mileage was as follows :
Main line—
Chicago to Cairo, 805 miles; Dunloith toCeiitra’ia, 3 11 mile*. Branches —
():to to Coilax, I'll., 00 miles; Buckingham to Tracy, Ill-.. H> miles;
Komoton Juno, to Kankakee-June.., Ill., 42 miles; Kosciusko June, to
Kosciusko, 18 miles; Durant to Lexington, Miss., 12 miles; Gilman to
Sprin dlehi, 111 miles. Total - owned, 958 miles. Leased—Dubuque to
Iowa Falls, 148 miles; Iowa Falls to Sioux City, 183 miles; Waterloo
to Minnesota State Line, 70* miles. Total-leased, 402 miles. Total oper
ated Dee. 31, 1*82, i.uO ) miles. On Jan. 1, 1-SS3. took form il possession
of the Old'S St. L. A N. O. RR., 548 miles, to be known as “Southern.
Division.” ami making 1,909 miles operated in all.
This company was
organized in March, 1851,
interest in the
mado largo
stock
1882,
grant roads.
Tho company acquired a controlling
Chicago St. Louis A New Orleans Railroad, to which it
advances, aitil owned December 31, 1881, $0,070,000 of tho
and $3,032,000 of the 5 per cent gold bonds.
From July 1.
leased the Chicago St. Louis A New Orleans tor 400 years, at 4
per cent per annum on stock, and issued the above 4 per cent
line stock, exchangeable for tho Ch. St. L. A N. O. stock.
The Chic. &
Sprmgf. RR. was a reorganization of the Gilman Clint.
in
and is leased to the Illinois Central and virtually owned by
In Feb., 18*3, a dividend of 17 per cent iu the leased line
was
declared, payable in July, 1383—17 sh ires of leased lino
100 shares Illinois Central.
Inooine for four years has been as follow's
leased
A Spring, 1877,
it.
stock
stock to each
INCOME ACCOUNT.
1879.
1339.
1381.
1882.
Total
7,219,183
8,322.127
8,580.397
$ ,
8,9j5,312
Not earnings
Interest
Miscellaneous
4,207,703
102,321
gross oarn’ga..
Recap's—
Total net income
..
$
$
5?
4,12*,231
113.101
4,03 L8 10
112,000
105,551
101,105
280,224
4,900,740
181,825
145,732
.4,423,515
4,909,391
4,875.560
5,234,303
Disbursements—
$
$
Uont'ispd.on fa.lines
Interest on debt
015,830
009,184
708.70 2
$
735,090
072,000
063.000
$
701,227
531,000
395,011
444.125
405,352
1,7 10,009
1,740,000
2,030,000
484,750
2,030,000
during year...
380,010
812,323
925,330
1,271,452
Total disbursom’ts
3,800,31.1
4,407,750
Taxes
Dividends —J
Construction in Illi¬
nois
273.981
253,203
and the whole road
opened September, 1855. The terms of tho leased lines in lowTa are
given under the names of those companies. The general mortgage of
1874 provides for all bonds outstanding.
Tho Illinois Central was
one of the tirst, and has been one of the most successful, of the land
1,824,128 .' 5,078,429
155,874
Miss.,
572
73
stock ail Imri/.c 1. .fld.Otl i,n. n; issued. $'l-.50 *,OMO.
Goss
gage.
prior
earnings 1
l-g. .82.5 ,o79: net. $ 1 I 3.!9 '; interest on'bonds. $.50,79.5.
tr.cn I
t
bonds,
ales, $.30,15.3 >. were
The siirpln. of $80,1 l, and
t
*cr,
1 8 ->’2 f
M.I.V 1
1 S83, g* <>•
guarantees the puymc.iit of the interest <»n tho sa ne until the priucipal
JPPli e l 11» 'Mint t ile! UCI. Eioni
ts paid.
Of the ilrst mortgage bonds, $5 11,009 are a pr.or lieu on
SO. :oii; $I7(.
V'. 80. 09;
net.78+10
1
7\)
3
i anting*.
p. 5 Ill,
I ; V.
. • 87.
*L
p t V.
1, p. 292, 810, 189; V. 85, p that portion of tho ro id in Tennessee. The consolidated 5 ;>or cent
Houston J- 1 exits Cm’rat.
J>ec. 81, 13*2, owned from Houston. Tex., mortgage bond) t£ l'9al are to be Issued only for redemption of prior
—-(V. 33. p. 559 )
31,188 *. owned from Houston,Tex,.
51 feet.) It
is intended
to Lola, T<\.. 13.5 miles. (Narrow gun
to build to Marshall. Tin* company has uTexas land grant of 10.210
Mwcs for caen mile c< Ulst meted a ltd cipli Oped. Bunds issued t u t lie extent
Dt $<,000 per Hide, hist n.o. tga_c and $.5,*>0 ) pt-r mile scminl mort¬
Houston K ist if: West Tern
D
*c.
isa
>
fc
>
i>
i
i
.
Balance, surplus ....
017,204
BOl.ClL
51.132
The Oiiie.ig > St. Louts A New Orleans o vned from New Orleans,
Ha., to Cairo, II!., 519 milesbrunch: Kosciusko Junction,
to Kosciusko. Miss., 13 miles; leased, 5 m.lcs;
total operatod,
miles. The Chicago St. Louis A New Orleans Raiha ad was on Juirp 13,
1332, leased to the lllinuis Central RR. Co. (which owns all but
shares of the entire capital of $10,0 >0,0.Kb for 109 years., l’lio lessee
guarantees tin* prlneinnl and interest of all t ie ouf.st m ling bonds
to Hie 5 per cent bo'iaL, an l. by an indorsement on the latter
KAJLKOAD
August, 1883. j
Subscribers will confer
a
STOCKS
Miles Date
For explanation of column headings,
Ae., see notea
of
of
on first
page of tables.
Road. Bonds
101
200
224
Value.
185
185
507
567
All.
117
...
•
,
Consol, income bonds for $6,600,000
2d mortgage, coupon or reg
1st
mortgage, gold, Eastern Division
d SpringJieUi—1st mort., gold
2d mortgage, gold
Ind. <6 Evansv.—1st M., gold (for
$3,380,000), $& £
Indianapolis Decatur
202
202
202
342
202
140
152
152
Indianapolis & SI Louis—1st mort., in 3 series
mortgage for $2,030,000.
-
1st
1,000
1,000
1,000
1875
Too
1879
1879
1879
1881
1879
1881
1876
1881
1881
100 Ac.
500 Ac.
2 00 Ac.
1,000
500 Ac.
1,000
1,000
500 Ac.
500
1.1 Oo.OOO
1,386,000
2,000,000
(?)
1,700.000
1,450.000
4,623,503
2,947,500
294,000
498,090
500 Ac.
1,000
100
500 Ac.
1877
1880
100 Ac.
1867
1869
1.000
1 000
100
1866
1870
1,000
1,000
1,000
1883
guar
bonds, and llicir issue does not increase the debt, which is limited to
$18,000,000. (V. 31, o. 144. 177. 228, 367, 489, 637; V.
35, p. 374,
487, 575, 637; V. 36, p. 195, 298, 31o, 560.)
Illinois Midland—June 30. 1832, operated
from Terre Haute, Ind., to
Peoria, Ill., 173 miles, of which 118 miles are owned and 28
miles leased
300
i
A
a
A
A
J.
I).
do
do
do
do
o: N. Y., First Nat. Bank.
.1. N. Y„ 67 Wall Street.
O. London and
New
Q.-M.
A.
J.
J.
.1.
.1.
J.
00
2,000, (00
2,000,000
2.6 O'>,000
Q
A O.
AJ>.
A J.
A J.
A J.
A J.
v.
-
A. A O.
J. A J.
2,000.000
375,000
April 1, 1909
Juno
July 1, 1919
Y., Farm. L. A
T. Co.
do
do
1, 1921
April 1, 1906
July 1, 1911
York. April 1, 1911
Various N. Y., Union Trust Cd.
F. A A. N.
M. A N.
300.0UO
.
1908”
1900
Boston.
Sept. 1, 1833
N. Y., Nat. Park Bank.
Get, 1. 1917
N.Y., Hanover Nat, Bk.
1907
do
do
Jan. 1. 1907
N. Y., Am. Ex. Nat, Bk
July 1, 1910
Honesdale Nat, Bank.
1887 A 1889
N. Y., by Erie Railroad. Jan.
1, 1889
N. Y., Farm. L. A T.
Co.j May, 1881
do
do
Oct. 1, 1906
do
do
July 1, 1910
3.500.000
new
1933
company organized
President.
Years.
This was a consolidation Nov. 4. 1874. of the Peoria
Atlanta A Decatur,
Paris A Decatur ami Paris A Terre Haute. Receiver
appointed Sept,
11, 1875. In April, 1S<>, hunting debt $600,000, and
receiver's certif¬
icates $700,000.
In 1880-81, gross receipts,
$385,615;] expenses.
$395,391; in 1881-82, gross, $290,229; net. $12,519. Stock, $2,000,000. I). H. Conklin, Receiver. (V. 32,
p 636; V. 33, p. 124; V. 34, p.
3C6, 399; V. 35, p. 21 ; V. 36, p. 471 ; V, 37, p. 15!.)
J.
a.
J.
A.
1,000,000
1883
1869
any error discovered in these Tables.
3,000,000
1,800,000
l’ooo
1867
1S70
guar
2d mortgage, guaranteed
Iowa Falls <£• Sioux City—Stock
1st mortgage. April 1, ’09
Ithaca A^iburn d West— 1st mort. (for $500.000)
2d mortgage, (income for 3
years)
Jacksonvillc^Southcast.— 1st mortgage
Jefferson (Fa.)—1st A 2d morts. (Hawley Branch)..
1st mortgage (Susquehanna to
Carboudale)
Jeffersonville Madison d Indianapolis—Stock
Jeff., Mad. A Ind., 1st M. (s. f. $L5,00o per yo-ar).
do
do
2d mort. ($100,000 in 1882)..
Jersey City d Bergen— I Ht mortgage
Jersey Shore Fine Creek dr Buff.—1st mort.,
1877
1877
1881
1869
.
mortgage,
500 Ac.
100 <feo.
$1,000
1,000
1,000
683
Indiana Illinois d- Iowa—Stock
New
1878
1856
1860
1854
1865
XXXV11
INTERES T OR DIVIDENDS.
Bonds—Priii ciAmount
pul.Wnen Duo,
Outstanding date per When Wiiere Payable and by i Stocks—Last*
Cent,.
Pay’oh
Wnom.
Dividend
$910,000
F. A A. N. V., 214
Broadway. Aug. 1, 1921
2.5 15.000
J. A ,J.
July 1, 1886
1,483,000
A. A O.
Oct. 1, 1890
200.000
M. A N.
Nov. 1, 1881
717,000
1’. A A.
Feb. 1, 18*6
1/100,000
M. A N.
Nov. 1, 1897
80.000
J. A I)
Dee. 1, 1907
11,275.0i K>
J. A I).
June 15, 1051
4,175.000
J. A j.
Jail. 1, 1905
l'\OuO,S00
1,000,<d)0
J. A J. X. Y., Corbin
Bauk’g Co Jan. 1, 1900
3.500,000
A. A O.
do
do
Anil 1, 1900
72,300
J. A J.
do
do
April 1, 1910
4,565.000
I. A J.
do
do
July 1, 1921
1.500,000
.1. A
Size or
par
097881
111.Gent —(
Coatin'd-)—Bds.,rg., mort.on Middle Div.
Cliic.St. Louis &N.O., 1st M. (N.
O.T.A.G. N.)....
do
do
2d M.
do
do
do
1st mort., (Miss. Cent.)
do
do
2d mort.,
do
do
do
1st mort
do
do
2d mort
do
do cons.M., gld. (for
Illinois Midland—1st mortgage, gold $18,000,000)
Indiana Bloomington it West— Stock
1st mort., pref., coup, or
reg
Indianapolis d Vincennes
BONDS.
great favor by giving immediate notice
oi
DESCRIPTION.
1st mortgage, coup.,
may lie rog.
Inoome bonds, reg., convertible
AND
1 s.8 1
188 J.
September, 1682. with J. II. Devcrcux
Operations and earnings for four .years past were:
Pussi-ngei
Freight (ton)
Gross
Net
Miles.
Mileage.
26(5
2(5(5
266
2(5(5
1 2 209,092
15,285,4 (3
15) 170.278
2
1,(>■')8,
>
1 -8
Mileage.
102.(5.5 -.1 1 !
1 18.5)47.2.57
19(5,025),30 l
202.985,772
E: in tin gs.
$1,49 5,87(5
as
Earn i i n ga.
$ PI 1,149
(508.418
2.005), 922
2,018.651
187,070
2,c86 77(5 df 11 1.6 >8
(V. 3 1. 3 ft, 435, 572, 601, 686; V.
35, p. 103, 160, 211,265, 297, 347,
373; V. 36, p. SO. 127.)
—
Indianapolis dr Vinrcniirs.—Dec. 31. 1882. owned from
Indianapolis,
Ind., to Vincennes, Ind
I17n iles.
Tin; Pe.iujs.v6vania Company owns a
nt roll ingi nte rest in the stock" and
operates the road, advancing the
(lelieieney to pay interest on < he bonds. The capital stock is $1,402,000.
In 1,880 tlie net turnings were
$60,50(5; in 1881, $10,260; in 1882,
Indiana
.
Bloomington d Western.—Deo. 31, 3 882, owned from In¬
dianapolis, Ind., to Pekin, Til., 20 2 miles, and Indianapolis to
SpringHeld, O., 142 miles. Leased, Indianapolis t-o Decatur, 153
mites; Pekin
to Peoria. 9 miles:
Springfield to Sandusky, O., 130 miles; Cary, O., to $19,850.
co
Findlaj', O., 16 miles; Springfield to Columbus, 45 miles. Tot al
operated
696 miles. This was a consolidation in
March, 1831, of the Ind. B. A
W. and t lie Ohio Ind. A Pacific.
The Cincinnati
Sandusky A Cleveland
and branch was leased in April,
1881; but of tins, 24 miles (Spring-Hold,
O., to Dayton) is leased to Cincinnati A
Springfield.
In Decem¬
ber, 1881, leased the Indianapolis Decatur A
Springfield road, guar¬
anteeing $200,000 per year.
The former Indianapolis
Bloomington A Western Company defaulted
Oct. 1, 1874, and a Receiver was
appointed Dec. 1, 1874. The road was
sold in foreclosure Oct.
30, 1878, and the company reorganized. Interest
is on the first mortgage bonds 3
per cent per annum for the first three
years, 4 per cent for the succeeding two years,
5 per cent for the suc¬
ceeding three years, and then 0 per cent until maturity. The second
mortgage bonds bear 3 per cent per annum interest for the first three
years, 4 per cent for the succeeding two years, 5 per
cent for the suc¬
ceeding three years, and 6 per cent thereafter until
maturity. The
income bonds take such interest from
July 1, 1879, not exceeding 6 per
cent per aWum, as t he net
earnings may suftice to pay. $830,000 stock
scrip was issued entitled to a dividend of 7 per cent per annum, after a
dividend of 8 per cent on the common stock. After the
payment of a 7
per cent dividend, the stock scrip is convertible,into common
stock.
The annual report for 1882 was in V.
36, p. 673. Income account m
1881 and 1832 was as follows:
Miles operated Dec. 31
JiV/W 7) f
1883.
401
^
Gross earnings
Net earnings.
Disbursemen Is—
Rentals paiu
Interest on debt
.....
1882.
696
C!
1,826,066
691,192
2,740,227
253,276
J 96,119
575.770
888,053
Annual interest on debt amounts to
$206,000.
Iowa Falls dr Sioux ('ily.—'\lurch
31, 18^3. owned from town. Falls. la.,
to Sioux City. la.. 181 miles.
This road was opened in 1870 and is
leased to the Illinois Central for 20
years from Get. 1. 18(57. at a rental
of 36 per cent of the gross
earnings. The Illinois Central has an option
of continuing the lease after 1887 at.
same rental.
This company also
receives a drawback of 10
per et. on business to and from llicir line
over the Dub. A 8.
City HU and receives rental for 2(5 miles of its road
used by the Sioux City A
St. Paul Co. In the year ending March
31,
1883, the total rental was $307,243: receipts from sales of
lands.
$530,000; the total income was $5)01,276. and ill expenses,
including
dividends, $521,824. The contingent fund invested is
$1,150,000.
Lands
remaining unsold, (50,302 acres.
Horace Williams is Presi¬
dent. Clinton. la. (V. 34, p. Ill, 6G2: V. 35.
p. 317, V. 36, p. 5 89.)
Ithaca Auburn d TTV’.vfcrn.—Deo. 31, 1882, owned from
Frceville to
Auburn, N. Y., 3sm miles; track to (Portland, 11
miles, use 1. The N.
Y. A Oswego Midland HR., Western
Extension,, was sold in foreclosure,
and
tins company organized
Sept. 20, 187(5. as the successor. The
stock is $970,000.
On April 1, 1883, was leased and
operated bv
Southern Central of New York. II. K. Low.
,
36, ]>.
President, N. Y. City.
179.)
(V.
Jacksonville Southeastern
July 1. 1882, owned from Jacksonville to
Litchfield, Ill., 54 miles. This was the Jacksonv. Northw. &
Southeast.
ltU.. projected from Jacksonville to Mt.
Vernon, 125 miles,
Bonds
were issued at $20,000 per mile,
amounting to $600,009. In 1879 til©
company was reorganized by the bondholders under this name. In
1880
the road was extended 23 miles and bonds issued.
Stock $1,000,<>00. In
year ending June 30, 1882, gro.-.s
earnings, $117,117; net, $23,924.
(V. 35, p. 625.)
—
Jefferson.—Sept. 30.1882,
owned from Susquehanna
Depot, Pa., to Cats
37 miles; branch, Hawley, Pa., to Honesdale, Pa., 8 miles:
28,456 total, 45 miles. Leased in perpetuity to the Erie
Railway for $140,000
per annum, and now operated'by the N. Y. Lake Erie A
Total disbursements
West. Capital
479,701
931,901 stock, $2,05)6,050. Edward Clymer, President, Reading, Pa.
Balance
sur. 211,491
dof 43,311
Jeffersonr. Madison dr Indianapolis.—Dec. 31,1882, owned from Louis¬
-(V. 34,231, 31(5, 521, 522, 519, 713 ; V. 30, p. 139,
ville, Ky., to Indianapolis, Ind., 110 miles;
623, 673.)
branches—Madison, Ind.. to
Indianapolis Decatur J Springfield.—Dec. 31, 1882, owned from Columbus, Ind., 46 miles; Columbus. Ind.. to Siieibvville, Ind.. 24 miles;
Jeffersonville,
Ind.,
to
New
Albany, Ind., (5 miles; Shelby A Rush UK.,
Decatur, ill., to Indianapolis, Ind., 153 miles. This company is
18 miles; Cambridge Extension.'20
successor
to the Indiana A Illinois Central Railroad.
mile;; total"operated, 224 miles.
In Dec., 1881, was leased to The road was leased anew from
January 1, 1880, to the Pennsylvania
Indianapolis Bloomington A W. for 50 years, at 30 per cent of
gross Company, the lessees to pay over all the net
earnings, but with a guarantee of $200,000 per year. A new
earnings to the .T. M. A I.
adjustment Co. In 1 s81 the Penn. Company purchased $1,939,000 of the stock.
proposed in April, 1881 (see V. 32, p. 501, V. 33,
p. 303), was partly
Dividends
were at the rate of 7
carried out. and the above 2d
per cent per annum till May, 1880, aud
mortg. bonds issued, and $2,850,000 of 7 reduced afterward.
Earniiigs for four years past were as follows:
per cent prof, stock.
Rut some hitch took place, and in Nov.,
Years.
1882,
Miles
Gross Earn.
the trustees of the old 2d
Net Earn. Div. p. o.
mortgage took possession of the road, subject 187!)
1M5
to the lease to I. B. A W.
$1,246,333
7
$192,863
Common stock is $500,000. Gross
1880;
earnings
186
in 1879-80, $339,850; net,
1,388.565
541,538
$142,681. In 1880-81 gross, $191,487 ; net, toSl
*
186
1.4 02.802
$159,178. (V. 31, p. 62,231; V. 35. p. 373, 575, 637,
3(55,043
3
658; V. 36, p. 1882.
201
590.)
3,545,198
nil.
356,807
lV. 32, p. 205 )
Indianapolis d Evansville.—In progress
Indianapolis to Evansville.
Jersey City d Bergen.—Dec. 31.1882, owned from Jersey City to Bergen
Bonds issued in London May, 1881.
R. G.
President, Evans¬ Pt.. N. J., 6 in. In 1881 gross earnings, $260,75)8; net.
ville, Ind. In February, 1882, an attachmentHervoy,
$86,5 i 1; hi 1882
for rails sold was issued.
gross, $283,88 1; net, $8(5,105. Stuck,
-(V. 34, p. 231, 316 ; V. 36, p. 427.)
$250,009. William Keeney, Presi¬
dent, Jersey City.
Indiana Illinois d- Iowa. -In
progress, and in April, 1883, in opera¬
Jersey Shore Fine Creek dr Buff do.—From Catawis-a
tion from Moinenee II!., to N.
Junction, to
Judson, Ind.,.l 10 miles. Tt is owned
a Stokcsdale on the Corning C. A A. Road. 75 miles. It is
a connection
syndicate, and neither stock nor bonds have been marketed. Forby63
between Rea ling lines an l N. Y. C
ntral, and bands are-guaranteed by
miles, Streator to Moinenee, $1,386, 009 bonds were to be
these
and the Coi ning C. A A. All sto. k and bonds In 11
Harvey,'President, Chicago, III. (V. 35, p. 373, 546, 575.) given. J. D. Mr. W.companies
by '
II. Vanderbilt and no information. Heo V.
36. p. 54, 569, 675.
Indianapolis d St. Louis.—Dec. 31.1882. owned from Indianapolis to
Joliet d Xorthern Indiana.— Dee. 31. 1882. owned from
Terre Haute, Ind., 72 miles; leased line. Ht.
Joliet, Ill., to
La He Stat ion. Ind.. 45 miles.
L. A. AT. II, 189 miles, and
Operated as part of the Michigan Central
branches, 6 miles; total operated. 267 miles. The lease of the
mainline.
Knud opened in 1854 and leased to the Mich.'Cent.
8f. L. A.
A T. II. was -guaranteed
Above
by t hive ot her companies, and suit, has been issue ot bonds dciinitely guaranteed was given as a
compromise In
pending as to tin- rental. The company was cent rolled
place of old S per cent bonds. Htoex ($309,UUO) carries dividends of
by
the
Pennsyl¬
8
vania Company, which owned the st« ok of
$600,000, in connection with per cent per aunuin.
the Clove. Col. Cin. A Ind. Of the first
bonds
mortgage
series
“A”
arc
.1.
Jaudit
n
A J.; series “It,” 51. A
(Fhiladclphiu).—Doe. 31, 18 2. owned from Belmont. Pa., to
H.; scries “(J,” M. A N. Interest had not been
Gray’s Ferry, Pa., 3 0 miles It connects various line's coining into Phila¬
paid on the second mortgage ana equipment bonds since
April,
1H7M.
delphia’.
(5ipif.il stork. $250,91)0. Net over operating expenses in 1 hs 1,
and on July 2S, 1 •i*'2, t he road was suld in
foreclosure for
(subject to 1st mort.) and bought for Clev. Col. Cin. A Ind.$1.390,000 $69,950; in 1 ss », $ 1 j4,920. Six pel cent paid in April, 1882, and 10
Co. and a per cent in
September, 1382. (V. 32, p. 120.)
Miscellaneous
30,306
327,738
bondale, Pa.,
—
RAILROAD
XXXVI
Subscribers will confer
a
STOCKS
AND
BONDS.
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION',
Miles
of *
Road.
For explanation of column headings, Ac., see notes
on first page of Tahirs.
GvIf Colorado <f: Simla I'c— 1st. M.. g.
2d in($13,1 01/ in r in 1 ).
($12,000 p.mj
Bonds 1S70. convertible
Laud grant bonds, secured by land notes
Consolidated morr. (ft»r $3,<>60,0n0)
Bonds Quim y A- Palmyra KK
Bonds Kansas City A Cam. Kit
Bamsb. FM'Isndt/i in. .ton «r f a nr.—Stock
Value.
1879
1883
$1,000
i*(Vob
290
1881
1,000
53
54
IS 6*7
54
1853
1874
28
09
120
120
71
142
1 12
345
119
58
40 t
1872
1 875
1 >81
58
52 2
58
58
1,000
500
500
1854
1 857
1805
58
1,000
Too
,320
Mortgage bonds, sterling
Sterling bonds, (sinking fund £20,000 yearly)
Mortgage, sterling
($2,600,000) M. on(*h. A So. RK
1,000
1,000
1,000
1,000
1,000
700
700
700
1 1 1
...
100
£200
£200
£20 0
1.000
1875
1874
1875
1877
Hannibal it SI. Joseph.— December 31, 1882, owned from Hannibal,
Mo., to St. Joseph, Mo., 206 miles; branches—Cameron to Kansas City,
53 miles; St. Joseph to Atchison, Kans., 19 miles; Palmyra to
Quincy, III., 13 miles; total operated, 292 miles.
An ex I ension to
Chicago in 1883 is projected. The company had a Congressional land
grant and receiver! $3,000,000 in bonds from the State or Missouri, which
loan was repai t in cash June. 1881, but litigation followed as to the
interest payable on the State bonds. (See V. 36. |>. 560.) The land sales
for four j ears past were as follows: 1.879, 61.272 acres for $194773,
average $7 76 per acre ; 188-9. 74,"62 acres for $551,774, average $7 37
pel* a< re; 18S i . 29.8 <6 aci es for $261.167, average $6 81 per acre; 1882,
1 R,7<?4 acres for $ 7.630, overage $5 5 I per acre.
In Sept., 1882, a syn¬
dicate. in lading .lay G- r.l I. Knsse'l Sage, ami others, bought 90,000
shares «>*■ common stock from .Join; R. Dull, of Boston, and in May, 1883,
tills .common stock and a. lnrce amount of preferred Were sold to the 0.
B. A Q. Hi. Co at -15 lor tee common and par lor the
pro.erred, payable
in O. i*. A Q. 5 percent bonds.
Prcfenv. i s!oriv It
prior light to a. lion-cumulative dividend of 7 nor
Cent; then common to 7; then both share. Annual report m V. 34, p. 281.
COUNT.
1 8 -6.
1881.
S
Total '-mssearn’gs...
K crip's —
N>-t i-.iii i ing^
From mm
M isroi l.i
Lull
is
mi
b mis
J,997,L05
2,5 J i ,339
773.9 *3
1,256,800
..
„
1.
m-Ml.s
A 1. gr.
>
1 k
_
....
1
!
1
|
Total ini-Dim1
Disbn rsfinetn#—
inti-i v.-iaui il« l<C
Divid -nds <-u pr. si’k.
1,0 ."2.601
2,419,690
81!) 9 J9
2-8.678
4 1 .795
37. 59
1,0 13,82 1
657.329
1,18 8.27 1
1 3*.*,90J
$
654.6 10
i
(6T-’)3 M.395
lt>
!
mo
r-T
&
7,23 i
j
£
M.isee;l.ii:eo.t-‘
65
i(7)
1 17,598
iff.
653,6 0
<)
3 v:\-SlO {(
124 .99 7
767,“22
Tot. dUbir-K-m’Is.
J» ilain-c. 'Ui-puis
—(V. 3 1. p. 3
1.7 7. 2; )I,
308, 320, 575, 716; V. 3
2.2
6,3.» 1
63 t.ll)
297,10 7
liimds.
.
188 2.
8
275.3
..
1,1 32,6 Hi
1,13 !, 157
1 >1.1 H
53,-s 1 1
3! 5. 3 11, 5 19: V. 3 57 p. 19'
1,094,740
< J
289.
p. 1 6.5, 2 21,251.28 1, 312,340, 30!
,
3 i, >10
*. 97.
189.
L'3, • 69.)
Jlarrisbur</ f*orts month x,oant. ./->// <C- Lancaster. — Dee. 31, LSs2,
owned tro.a Ditlerville, Pa., to Harrisburg. Pa., 36 miles; branch.
Middletown, Pa., to Columbia. Pa., 18 miles; total operated, 54 miles.
The property was leased to the Pennsylvania Railroad Co. for 991)
years from Jan. 1, 1861. the rental being 7 per cent on the. stock and
interest on the bonds. Operated as a part of main line of Penn. RR.
,
.
3,000,000
433,000
1,200,000
1,182,550
1,180,000
rr.
6
3*
8
7
6
8
10
38j
4
7
700,000
507,200
820,009
100
500 Ac.
500 Ac.
500 Ac.
1.000
1.000
1883
1800
1870
187<»
7
2,700,090
Too
1809
1880
1878
Cent.
90,000
50
500 &o.
too Are.
1S*:5
Rate per
$0,15f>,000
(?)
9,168.700
5,083,024
4,000,000
100
100
1 870
1878
..
„
i
Outstanding
15
Honsufonic—Stork
Preferred stork
1st mortgage, coupon
2d molt, bonds oi I860
3d moi t.. reg
Uoast. Fits! (C: West Terns.—1st mortgage, golil
2d morr.. land grant ($5,000 p« r mile)
Hauston <0 Texas Cent.— 1st M., (main) gold, l.gi\,s.t
1st mort., 1 gr., West div. (Hempstead to Austin)
1stM.,gold.Waco AN’west (Bremond to Ross;
Consol. u;orr., kind grant. Main and Western Div.
Consol, mort., land grant. Waco V Northwest
Gen mort., gold (for $18.5oo,u0n)
Evntinf/iton «fc Frond Top— 1st mol t., gold
2d mortgage, gold
3d mortgage, consolidated
Scrip for interest 1st and 2d mortgages
Illinois Central—Stock
i
Leased line t percent stock
IN VO.MK A
Amount
1,000
292
regi-rcrol (extended .3) years in I8s3)
conn
or
Par
Bonds
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Size,
of
292
292
Unrrisbunj «/• Fotomnc—1st mortgage. coupon
Hartford di Connecticut 11 'estern — Stock
Bonds,
Date
538
Bwimthill «/.-»>/. .lose(ifi—Coimnoit .-stociC
Preferred stock (7 ]>.<-. yearly-, not cumulative).
1st mm\.
[Vol. XXXVII.
When
Where Payable, and by
Whom.
Payable
J. A J.
A. A O.
F.
M.
J.
M.
F.
j.
J.
J.
J.
N.Y.Nat.City Bk.AGalv.
Now York.
A A. N. Y., Company’s Office
A 8. N. Y., B’k. No. America.
A J. N. Y., Farm. L. A T. Co.
A S. N. Y., B’k. No. America,
A A.
do
do
A j.
do
do
A J.
Phila., Co.’a Office,
A ,1.
do
do
A J. Phila., Third Nat. Bk.
1*2
*2*
100,000
300,000
300,000
7
994,000
710,000
Is-
6,262,000
2,270,000
1,140,000
4,117.000
84,000
3.300,000
416,000
367,500
1.497,000
118,895
29,000.000
10,000,090
2,500,000
7 g.
7 g.
4,100,000
1,000,000
1.600,000
6
5
7
8 a
8
6 g.
7 g-
V7
4
o
6 g.
5 g.
8*
Q.-J.
F.
J.
A.
M.
J.
J.
J.
J.
A.
W.
A
A
A
A
A
A
A
A
A
A
A. A
Bridgeport A Boston.
Bridgeport, Office,
A.
J.
O.
N.
J.
J.
J.
J.
O.
N.
O.
A. A O.
F. A A.
A. A O.
J. A D.
•VI. A S.
J. A J.
A. A O.
A. A O.
J. A D.
J. A J.
'
do
do
do
do
N. Y.. Union Trust Co.
do
do
N. Y., J. J. Cisoo A Son.
do
do
do
do
do
do
do
do
do
do
Philadelphia, Office,
do
do
do
do
do
do
Stocks—Last
Dividend.
July 1, 1909
Oct. 1, 1923
Feb. 15. 1883
Mar., 1885
Jan. 1, 1888
Mar. 1, 1911
Jan., 1892
Jan., 1892
July 10, 1883
July 1. 1913
Jan. 1, 1904
Dec. 1, 1882
July 16, 1883
Aug. 1, 1885
July 1, 1889
April 1, 1910
1898
Jan.
1, 1913
July 1. 1891
July 1, 1891
July 1. 1903
Oct, 1, 1912
May 1, 1915
April 1, 1921
Oct.
Feb.
1.
1.
April 1,
1,
Sept, 1,
July 2,
April 1.
Dec.
N. Y.. 214 Broadway,
do
do
London.
London,Morton R.& Co.
do
pal, When Duo.
do
N.Y.. 214 Broadway.
April 1,
Deo.
Jan.
1,
1.
1890
1895
1895
1889
1883
1883
1895
1903
1905
1898
to Red River City, Tex., 345 miles; branches—Hempstead, Tex., to
Austin, Tex., 118 miles; Bremond, Tex., to Ross, Tex., 58 miles; total
operated. 522 miles. Texas Central RR. completed from Ross to Al¬
bany, 177 miles. The company has a land grant from the State of
Texas of 10,240 acres per mile, amounting to about 5,130,720 acres;
but the lands, as in the ease of other Texas roads, arc noton the lino
of the road, though some of the lands will bo made available, it is re¬
ported, by the construction of other Texas roads.
Louisiana SS. Line,
bought
a
Mr. Morgan, of the
controlling interest in the stock, and in
Feb., 1883, the Southern Pacilie syndicate purchased this interest
($4,409,000 of the stock) with their purchase of the Morgan property.
Total stock is $7,726,900.
(See V. 36, p. 212.) The general mortgage
of 188 L for $18,500,000 is made to the Farmers’ Loan A Trust Co. aa
trustee. Last report of
earnings
on
the 5‘22 miles gave the following:
Gross Earn’gs.
Net Earu’gs.
$3,741,000
$1,733,677
3,748.655
1,006,782
1880 (522 miles)
183 L (522 miles)
1832 (522 miles)
3.156,517
Too payments out of net earnings were: Interest on
1.-107,613
funded debt,
$1,193,255; on flouting debt, $53,858; other payments, $160,499;
total, $1,407,613. (V. 35, p. 71, 161, 237. 658; V. 34, p. 89. 212.)
Huntingdon <£ Broad Top—Dee. 31, 1882, owned from Huntingdon
Pa., to Mt. Dallas, Pa., 45 miles; branches—Slump’s Rail,9 miles; Sixmile Run. 5 miles; and Study Run, 3 miles; total ope-uted. 6 2 miles.
This road was opened in July, 1856. Tire capital stock is $1.36 4,050 com¬
mon and $1,983,500 7 per
cent pref. stock. Earnings in 1881, $332,653;
net, $18 6368.
In 188-, earnings, $829,431; net, $L76,135. (V. 32, p.
155,363.)
Illinois Central.—Doe. 31, 1832. mileage was as follows :
Main line —
Chicago to Cairo,365miles; Dauleith toCentra’ia, 31L miles. Branches —
Otto to Colfax, Ill., 60 miles; Buckingham to Tracy, Ill., lo miles;
Kompton June, to Kankakee June., Ill., 42 miles; Kosciusko June, to
Kosciusko, 18 miles; Durant to Lexington, Miss., 12 miles; Gilman to
Sprin rllold, 1.11 miles. Total owned, 958 miles. Leased—Dubuque to
tow a Falls, 143 miles; Iowa Falls to Sioux City, 133 miles; Waterloo
to Minnesota State Line. 70 miles. Total leased, 402 miles. Total ope.r
ated Dec. 31, 1882, i.uOo miles. On Jan. 1,1883. took form d possession
of the Chi*L St. L. A N. O. RR., 548
miles,
to. bo known as “Southern.
Division,” and making 1,909 miles operated in all.
This company was organized in March, 1851/ and the whole road
opened September, 1855. The terms of the leased lines in Iowa aro
given under the names of those companies.. The general mortgage of
1871 provides for all bonds outstanding.
The Illinois Central was
one of the first, and lias been one of the most successful, of the land
grant roads.
The company acquired a controlling interest in the
—( V. .SO, P. r) *0.)
Chicago St. Louis A New Orleans Railroad, to which it mado largo
Harrisburi/ d: Fotomnc.—Dec. 31. 1882. owned from Bowmansdale to advances, ,-uftl owned December 31, 1881, $6,679,600 of the stock
Bhii poa>burI’a., 32 miles; branch to mines, :'>n>m.; total operated, 37
and $3,632,000 of the 5 per cent gold bonds.
From July 1, 1882,
miles. Extensions are projected from Jacks mvilie to Shippensbtirg and leased the
Chicago St. Louis A New Orleans Jor
lor 'iuo
499 years, at a
4
from Bowmansdale. to Harrisburg. Road opened through hi 1878. Bondi
at per annum on stock, and issued the above 4 per cent leased
per cent
authorized, $1,809,000. Stock $374,165. C. W. Aid. Pres., Newville. Pa. line stock,
ick, exchangeable for the Oh. St. L. A N. (). stock. The Chic. A
f. RE.was
a reorganization of the Gilman Clint. A Spring, in 1877,
Hartford if- C'omerticnt Western.—Hartford, Conn., to Rhinceliff. N Y., Springf.
R108 miles ; M i l.-rbm to Connect tent St ite line, *2 mi es ; t 4al. 116 miles. and is leased to the Illinois Central and virtually owned by it.
Foreclosure suit was begun in 1886 against the forme • Connecticut
In Fob., 18-3, a dividend of 17 per cent in the leased line stock was
Western, and the State Treasurer tonic possession. On .May 25, 1881, declared, payable in July, 1333—17 sh ires of leased lino stock to each
bondholders re-organized, and stock in new company is* issued for 109 shares Illinois Central.
Income for four years has been as foLlows
bonds.
In March. 1882. the pm chase of the Uliin -beck A Connecticut.
INCOMI2 ACCOUNT.
-
Bui (road
3aini gs
was
made for $896,600 in the stock of
this company.
Gross
1.881-82, $ au.2,;8 ; delic t. $ .5, S7. IV. 32, p. 577; V. 33, p.
23.73. 153: V. 34. p. 231,366; V. .jo. p. 692. 736 )
Haasafanic.—Sept- 30. 1SS-’. owned from Bridgeport. Conn., to State
Line, Mass., 7 1 miles; Brookvilie to Danbury, 6 mile'; leased - Berkshire
Itadroad, 22 miles; West Sfoekbridge RK.,3milcs; Storkbridge A PittsJlold 11K., 22 miles; total, 127 miles. The preferred 8 per cent stock was
Issued in IS 15 to pay for laying the road with heavy iron. 'Hie com¬
pany lias voted to issue $709,060 of 5 por cent bonds to t ake up $ 109,090
prior bonds, ;-ml to lay steel rails. There are also $26 ',606 rolling stock
zeriihcates. Operations and earnings for four years part as follows:
Years.
Miles.
1878-9.,..
127
1m79-s(>
127
1880-81
1881-82
—(V. 33.
..
..
p.
Freight (ton)
Mileage,
12,7 11,5 ’> t
17,890,190
Passenger
Mileage.
6.3 16.839
7,32 >,089
7.8 16, <4 L
12/
i v7
8,516,749
(fross
Earnings.
$598,33-5
17.‘_7 7.33(5
7 t«4,997
754.513
17,510,67 0
716,328
Net
Div.
Earnings. Pref.
$2 18.420
2 17,283
253,203
Houston Fast if: U>,s9 Texas -Dye. 31,1832. owned from Houston, Tex..
to Lola. Tex., 135 miles. (Narrow gunge.
3 feel.) It is intended
to build to Marshall. The company has a Texas land grant of 10,240
^cre.sj’or each mile constructed uudequinped. Bonds issued to tile extern
9t $/,006 pel* mile, lust mortgage and $5,90.) per mile scroiid mort¬
gage.
Stork authorized, *i0,66 >.<«.<>; issued. $1.50 »,060.
G *oss
earnings 1881-“, $25 ! .679 ; net, $113.19 '; interest oil bonds,
$56,795.
The surplus of $86, f *1, anil cash from land sales, $59,65 *, were
'applied t<> emisti-ui-rio!!. From O.-toner, 18 8_> t i May 1, 1833, gro-S
arninga. $173,609 ; net, $19 ild. <V. 3 l, p. 292, 316, 489; V. 35, p.
86. 369; V. 36, p. 516, 73 I ; V. 37. p 7 V)
’
1
Houston d) Texas Central.-Dee. 31, 1832, owned from
Houston, Tex.,
I
,,
.
caru’ga..
Receip's—
Net earnings
Interest
Miscellaneous.
Total not income
Disbursements—
..
Uenflspd.on la.lines
Interest
Taxes
on
debt
1879.
1339.
1381.
1882.
7,219,133
8,322.127
8,586.307
8,9j5,312
$
£
$
4,123,231
4,207,763
102,321
4,63 ES to
112,900
113.101
165,551
161,105
286,224
4,423,515
$
'
615,830
4,950,391
4,875,560
669,184
395,011
444.125
$
735,696
663,090
465,352
$
703.702
672,600
$
4,906,746
181,825
145,732
5,234,303
$
761,227
531,000
Dividends
Construction in Illi¬
nois during year...
1,710,009
1,740,000
2,030.090
484,750
2,030,000
336,016
812,323
925,330
1,271,452
Total disbursom’ts
3,806,341
4,407,750
4,824,128
5,078,429
273.981
559.)
,
Total gross
Balance, surplus....
501.0It
617,2o4
51.132
155,874
The Chicago St. Louis A New Orleans owned from New Orleans,
1*0., to Cairo, Ill,, 519 miles; branch: Kosciusko Junction, Miss^.
to Kosciusko. Miss., 18 miles; leased, 5 miles;
total operated, 572
miles. The Chicago Sr. Louis A New-Orleans Railroad was on June 13,
1832, leased to the Illinois Central RR. Co. (which owns all but 73
shares of the entire capital of $10,090,090) for 409 years. The lessee
guarantees the principal and interest of ail the outstanding bonds prior
to the 5 per cent bonds, and. by an indorsement on the latter bonds,
guarantees the payment of the iutorost on the same until the principal
is paid.
Of the first mortgage bonds, $541,009 are a prior, lien on
that portion of the road in Tennessee.
The consolidated 5 per cent
mortgage bond] of 1951 are to bo issued only for redemption of prior
£p??'r^'-*
m.■"
.
**? '-.*
rv V**-
>‘V
"■•
•
-
August, 1883. j
,••'
EAILEOAD
Subscribers will confer
a
great favor
k^j,V‘*.'•>£* --C-_’* 2i»~*•*,'-'* ,$-*v** -’o**^^. j-r/'-V-*^j S’
•"*-**
•*•::•
STOCKS
by giving immediate
DESCRIPTION.
For explanation of column
on
headings, Ac.,
first page of tables.
Miles
Date
of
of
see notes
Road. Bonds
111.Cent —(Coatin'd) —
3ds.,rg., mort.on Middle Div.
Cliic.St. Louis A N.0.,
IstM.fN. O.J.A G. N.)....
do
do
2d M.
do ‘
do
do
1st mort.,
do
2d mort.,
do
1st mort
do
2d mort
do cons.M., gld.
do
do
do
•
do
2d mortgage, gold
Ind. dk Evansv.—1st M.,
gold (for
Indiana Illinois d Iowa—Stock
$3,380,000),
mortgage for $2,000,000
lndiatmpolis d Vincennes— 1st mortgage,
2d
mortgage, guaranteed
185
$&£
series
guar
Iowa Falls d Sioux
City—Stock
1st mortgage, April 1, ’69
Ithaca Aiiburn d West— 1st
mort.(for $500,000)....
2d mortgage, (income for 3
years)
Jacksonville Southeast— 1st
mortgage
Jefferson (Pa.)—1st A 2d morts. (Hawley Branch)..
1st mortgage (Susquehanna to
Carboudale)
Jeffersonville Madison d Indianapolis—Stock
jell., Mad. & Iud., 1st M. (s. f. $I5,00o per year),
do
do
185
do
Indianapolis <£ SI Louis—1st mort., in 3
New
101
206
224
(Miss. Cent.)
(for$18,000,000)
Illinois Midland—1st
mortgage, gold
Indiana Bloomington <£ West.—Stock
1st mort., pref.,
coup, or reg
1st mortgage,
coup., may l>e reg
Income bonds, reg., convertible
Consol, income bonds for
$6,000,000
2d mortgage, coupon or
reg
1st mortgage, gold, E;istern Division
Indianapolis Decatur d SpringJicUl— 1st mort., gold
2d mort.
($100,000 iu 1882)..
Jersey City d Bergen—1 st mortgage
Jersey Shore Fine'Creek d Huff.—1st mort., guar
AND
567
567
All.
147
683
202
202
202
342
202
140
152
152
•
•
•
•
63
72
72
117
117
184
184
38
1878
1856
I860
1854
1865
1877
1877
1881
1875
or
par
Value.
1,000
100
100 Ac.
1879
500 Ac.
1879
1881
1879
1881
1876
1881
1881
100 Ac.
.
18 Gb
mm
m
500 Ac.
1,000
100
500 Ac.
100 Ac.
38
224
159
1866
1,000
1,000
159
6
....
1,000
1883
4,565.o00
0
4 to G
6 g.
7 g.
5 g.
6 g.
i
jv.^v’?. /
*■»?'»."^j--.
v
In tbese Tables.
DIVIDENDS.
•
•
7
7
7
6
7
7
00
2,000, i()0
2,000,000
2,64o,000
2,000,000
375,000
3.500.000
A A.
A
J.
A
A
&
&
I. &
I. A
J. &
O.
N.
N. V., 214
do
do
do
do
do
do
A
N.
1)
I).
do
J.
J.
J.
J.
A.
J.
A.
A
A
A
A
A
A
A
do
do
do
do
do
do
do
'
j.
,i.
J.
J.
D.
O.
.1.
O.
Dividend.
Broadway,
& J. NT. Y., Corbin
A. A. O.
do
Bank’g Co
do
do
do
do
do
do
Aug. 1,1921
July 1, 1886
Oct.
Nov.
Feb.
Nov.
Dec.
1, 1890
1, 1881
1, 18s«
1, 1897
1,
15, l‘»5l
Jan.
1, 1905
Jan. 1, 1900
Anil 1, 1909
April 1, 1919
do
July 1,
do
April 1,
do
Jane 1,
N. Y., First Nat. Bank.
April 1,
N. Y., 67 Wall Street.
July 1,
London and New York.
April 1,
Q.-M.
Boston.
1907
.lime
1921
1909
1921
1906
1911
1911
July 1, 1919
F. A At N. Y., Farm. L. A T.
Co.
.M. A N.
do
do
A. A
J. A
J. A
.1. A
J. A
J. A
1*2
7
7
7
F.
J.
A.
M.
F.
M.
Various N. Y., Union Trust Co.
134
Stocks—Isas*
Whom.
«
7
6
j lionets—Princlpal.When Due,
Where Payable nud
by |
J.
7
•
300,000
....
are owned and 28 miles
leased
This was a consolidation Nov. 4. 1874. of
the Peoria Atlanta A
Decatur,
Paris A Decatur and Paris A Terre Haute.
Receiver appointed Sept.
11, 1875. In April, 1S<5;
floating debt $600,000. and receiver's certif¬
icates $700,000.
In 1880-81, gross
$385,615;j expenses.
$395,391; in 1881-82, gross, $290,229; receipts,
net, $12,519. Stock, $2,000,000.
1). 11. Conklin, Receiver.
(V. 32, p. 636; V. 33, p. 124 ; V.
34, p.
3C0, 399 ; V. 35, p. 2L; V. 36, p. 471; V, 37, p.
151.)
Indiana Bloomington d Western.—D.e.
31, 3
dianapoliR, Ind., to Pekin, III., 20 2 miles, and 882, owned from TnIndianapolis to Springfield, O., 142 miles. leased, Indianapolis to
Decatur, 153 mites; Pekin
to Peoria. 9 miles:
Springfield to Satuluskv, O., 130 miles; Cary, O., to
Findlay, O., 16 miles; Springfield to Columbus, 45 miles:
Tot al operated
696 miles. This was a consolidation
iu March, 1883, of
the Ind B. A
W. and the Ohio Ind. A Pacific. The
Cincinnati Sandusky A Cleveland
and branch was leased in
April, 1881; but of this, 24 miles
(Springfield,
O., to Dayton) is leased to Cincinnati A
Springfield.
In Decem¬
ber, 18S1, leased the Indianapolis Decatur A
Springfield road, guar¬
4 to 6
6
300
1.000
bonds, and their issue does not increase the.debt,
which is limited to
$18,000,600. (V. 34, v. 14 4, 177. 228, :*07,
489,' 637; V. 35, p. 374,
487, 575, 637; V. 36, p. 195, 298, 310, 560.)
Illinois Midland—J line
30.1832, operated from Terre Haute, Ind., to
Peoria, Ill., 173 miles, of which 118 miles
3.500.000
72,3 40
4,623,509
2,947,500
294,000
498,090
1,000
100
1870
i*7
1,000,000
1.10.1.000
1,396,000
2,000,000
(?)
1,700.000
1,450,000
1,000
m
1,000,"00
1.500,000
3,000,000
1,800,000
1,000
1877
1880
1867
1869
54
9
80.000
500 Ac.
500
per
5
8
8
7
8
7
6
r> g.
7 V
11,275,000
4.175,000
lo.OuO.SOO
1,000
discovered
Cent.
1,409.000
500 Ac.
1,000
“f-
—
tta.re
2,915.000
1,453,000
200,000
717,000
1,000
....
any error
$910,000
100 Ac.
%
XXXVll
TV
INTEREST
OR
Outstanding
500 Ae.
1.000
notice ol
Amount
1,000
1,000
.
BONDS.
I
$1,000
1879
1809
1883
1867
1S70
38^
Size
”
1908
1900
*
Sept.
1, 1883
O. N. Y., Nat. Park Bank.
Oct. 1. 1917
I). N.Y., Ilanover Nat. Bk.
1907
.t:
do
do
Jan. 1. 1907
J. N. Y., Am. Ex. Nat. Bk
July 1, 1910
J | Honesdale Nat.
Bank.J 1887 A 1889
.1 N. Y., by Erie
Railroad. Jan. 1, 1889
Q-V.
A. A O.
J. A J.
do
do
do
do
Get.’ 1, 1906
July 1, 1910
....
1933
new
company organized Scptenroe.r, 1992, with J. If.
Dovereux as
President. Operations
undreaming*, for four years past were:
Pavschgei'
Freight (ton)
Gross
Net
Years.
Miles.
Mileage.
Mi lea go.
Earuiiu 'S.
Earnings.
1979...
266
1990...
1*91...
266
266
......
1 2 200,092
\ ’.l
19 179.279
15,295,-1
10 2.63 • 1 1 1
1 1 9.9 17 .257
$1,49
.
76
2.009,9 >>•>
$191,149
60S.41S
197 ,<>70
188 »
>
266
20 2.085 1 ’ ' w
21,008,518
(V. 3 1 ; a vf, 4 35, 57 2,
691, 686; V. 35, p. 103,
373: V. 36, p Si421
1 nd i turn po! is d: Via "cnnrs.—
Dec. 31
198 2. ow nod from In
Ind.. to Vinei ■lilies. In i l.. 117 miles
aPhc 15
musy vauiri Cm np;
eo lit rollingin terest ii
l t he stock a ml'
open; ties 1 lie
ad
v
advancing
the
delicieney to pay interest on the bomb The capital bond.
stock is $1,402,000.
In 1890 tlie
19 6,0*29 ,501
-
2,04 9.6 51
‘2.< 85 7 76
160, 211, 265
-
•
—
,
.
.
.
net
earnings,
were
$60,506;
in
1
SSI, $10,260; in 1882,
Annual interest on debt amounts to
$206,000.
Iowa Falls d: Sioux
fitly.—^larch 31, 19-3, owned from Iowa Falls.
to Sioux City, ia.. 1S1
Ia.,
miles. Tins road was opened in 1870
and is
leased to the Illinois Central for 20
years
from
<)et.:-l,
1867. at a rental
of 36 per cent of
the-gross earnings. Tne. Illinois Central
has an option
of emit inning the lease after
1SS7 at same 'rental. This
receives a drawback of' 10
company also
anteeing $200,000 per year.
pm1 ct. on business to mid from
their line
over
The former
Indianapolis Bloomington A Western Company defaulted used tlu1 l>ul>. A 8. City RR and receives rental for 26 miles of its road
Oct. 1, 1871, and a Receiver
by the Sioux City A St. Paul-Co. In the
was appointed Dec.
year ending March 31,
1, 1874. The road was 19*3’, the total rental was
sold in foreclosure Oct.
$307,243: receipts from sales of
30, 1878, and the company reorganized.
lauds.
Interest $530.000; the total income was
Is on the first
mortgage bonds 3 per cent per annum for the first three
$901,276. and all expenses
including
dividends, $524,824. The contingent fund
years, 4 per cent for the succeeding two
invested Is $1,140,006.
years, 5
ceeding three years, and then 6 per cent until per cent for the suc¬ Lands remaining unsold, 60,302 acres. Horace Williams
is Presi¬
maturity. The second dent, Clinton. Ia. (V. 34, p.
mortgage bonds bear 3 per cent per annum interest
Ill, 662; V. 35, p. 3 17, V. 36.
for the first three
p. 589.)
years, 4 per cent for the succeeding two
Ithaca Auburn d Western.—Dee.
years, 5
cent for the suc¬
ceeding three years, and 6 per cent thereafter per
Auburn. N. V., 3S1i> miles; track to31,1882, owned from Freeville to
until maturity. The
Cortland, 11 miles, use l. The N.
income bonds take such interest from
July 3, 1879, not exceeding 6 per Y. A Oswego Midland RR., Western Extension, was sold in
cent per a5mum, as the net
foreclosure,
earnings may suffice to pay. $830,000 stock and tins company organized Sept. 20, 1876. as the
successor.
scrip was issued entitled to a dividend of 7
Tho
stock is $970,000.
On April I, 1883, was leased and
per
cent
per
annum,
after
a
dividend of 8 per cent on the common stock.
onerated bv
After the payment of a 7 Southern Central of New York. H. K. Low.
percent dividend, the stock
President, N. Y. City. (Y.
scrip is convertible into common stock. 36, p. 479.)
The annual report for 1882 was in
V. 36, p. 673. Income account in
Jacksonville
1881 and 1882 was as follows:
Southeastern.---July 1. 1882, owned
Litcldiehl, Ill.. 54 miles. This was the Jacksonv. drum Jacksonville to
Northw. A Southeast.
3881.
RR.,
projected
from Jacksonville to Mt.
1882.
Miles operated Dec. 31
Vernon, 125. miles, Bonds
were
issued
401
at
696
$20,000 per mile, amount ing to $600,000. In 1879
Receipts—
the
$
company was reorganized by the bondholders under
$
Gross earnings
this name. In 1880
the
road
was
extended 23 miles and bon Is issued.
1,826,066
Net earnings
2,740,227
Stock
In
691,192
888,653 year ending June 30, 1882, gross earnings, $117,117]$1,000,<>00.
Disburscmen ts—
net, $23,924.
(V. 35. p. 625.)
Rentals paia
253,276
575.770
Interest on debt
Jefferson.—Sept. 30,1882. owned from Susquehanna Depot,
196,119
Pa., to Car327,738 bondale, Pa., 37 miles; branch,
Miscellaneous
Hawley, Pa., to Honesdale, Pa., 8 miles:
30,306
28,456 total, 45 miles. Leased in
perpetuity to the Erie Railway for $140,000
Total disbursements
per annum, and now operated
by the N. Y. Lake Erie A West.
479,701
Capital
931,964 stock,
$19,-50
,
$2,096,050. Edward Clymer, President, Reading,
Pa.
Jeffersonv. Madison d Indianapolis.—Dec.
31,1882,
owned from Louis¬
; V. 36, p. 139, 623, 673.)
ville, Kv., to Indianapolis, Iud., 110 miles;
Ind.. to
Indianapolis Decatur <r- Springfield.—Dec. 31, 1882, owned from Columbus, Ind., 46 miles; Columlms.i Ind.. tobranches—Madison,
Bheibyville, Ifid., 24 miles;
Jeffersonville, Iml., to New Albany,Ind., 6 miles;
Decatur, Ill., to Indianapolis, Ind.. 153 miles. This
Shelby A Rush RR.,
company is successor IS miles; Cambridge
to the Indiana A Illinois Central
Extension. 20 mile;; total operated, 221 miles.
Railroad. In Dec.,
to The road was leased anew from
Indianapolis Bloomington A W. for 50 years, at 301881, was leased
January 1, 1880, to the Pennsylvania
per cent of gross Company, the-lessees to
earnings, but with a guarantee of $200,000
pay over all t.li.cnet earnings to the .T. M. A I.
per
proposed in April, lssi (see V. 32, p. 501, V. year. A new adjustment Co. In 1 981 the Penn. Company purchased $1,939,000 of the
stock.
33, p. 303)., was partly Dividends were at the rate of
carried out. and the above 2d
7 per com, per annum till
mortg. bonds issued, and $2,850,000 of 7 reduced afterward.
May, 1880, and
per cent pref. stock.
Jlut some hitch took
Earnings for lour years past were ;is follows:
place, and in Nov., 3 882, Years.
the trustees of the old 2d
Miles
Gross Earn.
Net Earn. Div. p. 0.
mortgage took possession of the road, subject 1879..
to the lease to I. It. A W.
1M)
Common stuck is $500,000. Gross
$1,246,333
$492,863
7
earnings 1880
in 1879-80, $339,850; net.
186
1,388,565
$142,681. In 1880-81 gross, $191,487 ;
541,538
Obj
net, 1*81
186
$159,178. (V. 34, p. 62,231; V. 35. p. 373,
1,402.802
365,013
3
575, 637, 658; V. 36, p. 18 92
590.)
201
1,545,198
nil.
356,807
-(V. 32, p. 205 )
Indianapolis d Evansville.—In progress
Indianapolis to Evansville.
Bonds issued in London
Jersey City <f: Bergen.—Dec.
May, 1881. R. G.
President, Evans¬ PL. N. J., 6 m. In 1891 gross 31.1882, owned from Jersey City to Bergen
ville, Ind. In February, 1882, an attachmentHervoy,
earnings, $260,798; net. $96,5 i 1; in 1882
for rails sold was issued.
gross. $283,89 1; net, $86,105.
—(V. 34, p. 231, 316 ; V. 36, p.
Stuck, $250,000. William Keeney, Presi¬
427.)
dent,
Jersey City.
Indiana Illinois d Iowa. In
\
progress,
in
and
April, 1883, in opera¬
tion from Momence
Jersey Shore Pine Creek d: Buff do.—From
Ill., to N. Judson, Ind., 110 miles. Tf. is owned
Catawis*a
Stokesdalc.
by
a
on
the
Corning C. A A. Road. 75 miles. It is Junction, to
syndicate, and neither stock nor bonds have been
a connection
marketed.
For
63
between
Rea
miles, Strcator to Momence, $1,386,009 bonds were to be
ling lines an l N. Y. C-litral, and bonds are
guaranteed
these
by
given.
J.
D.
companies and the Corning C. A A. All stork and
Harvey, President, Chicago, Ill. (V. 35, p. 373, 546,
Ponds hel l
575.)
Mr. W. II. Vanderbilt and no
information. Bee V. 36. p. 54, 560, 675.by
Indianapolis d: St. Louis.—Dec. 31,1882. owned from
Joliet d- Northern Indiana.—Dec.
Indianapolis to
Terre Haute, Ind., 72 miles; leased
31, 1882. owned from Joliet, Ill., to
line, St. L. A. A
II, 189 miles, and Lake Station, Ind:, 45 miles. Operated as
branches, 6 miles; total operated, 267 miles. The T.
part of the Michigan Central
lease
of
mainline.
Road
the
St. L. A.
A T. H. was guaranteed
opened in 1854 and leased to tlie Mich. Cent. Above
by three other companies, and suit has been issue of bonds
definitely guaranteed was given as a
pending as to the rental. The company was controlled
by the Pennsyl¬ place of old 8 per cent bonds. Stuck ($300,060) carries compromise in
vania Company, which owned
dividends of 8
the st< ck of $600,000, in connection
with pel* cent per annum.
the Cleve. Col. Cin. A Ind. Of the
lirst mortgage bonds series “A” are
J.
A J.; series “B,” M. A
Junction
(Philadelphia).—Dec. 31,18~2, owned from
8.; series “0,” M. A N. Interest bad not been
paid on the second mortgage and
Gray’s Ferry, Pa., 3 6 miles It connects various lines Belmont, Pa., to
equipment bonds since April, 1878,
into Phila¬
and on July 28, 1882, the road
delphia.
Capital stock. $250,000. Net over operating coming
was sold in
for $1,396,000
expenses in 1881,
(subject to 1st mort.) and bought for Clev.foreclosure
$69,956;
in 1892, $124,920. Six pci cent paid in
Col. Cin. A Iud. Co. and a
April, 1882, and 10
per cent in September, 1382.
(V. 32, p. 420.)
Balance
stir.
—(V. 34,231, 316, 521, 522, 519, 713
211,491
def.
13,311
-
.
.,*■
Subscribers will confer a
[Vol. XXXVII.
STOCKS AND BONDS.
RAILROAD
XXXV111
immediate notice of any error
great favor by giving
discovered in tliese Tables.
Bonds—Princi¬
DIVIDENDS.
INTEREST OR
DESCRIPTION.
For
explanation of column headings,
on first page of tables.
Ac., see notes
Joliet <£• Northern Indiana—1st raort., guar by
Junction (Philadelphia).—1st mortgage
3-6
3-6
45
loan)
Block, preferred
1st ]uort.:nge. land, gi ant, «inn
168
363
363
150
106
26
175
1 J9
18
—
fund
Mortgage on branches
do
do
;
Kansas City Lau ren ee rf- So u lit cm Kansas— 1 st m or t
Southern Kansas A Western—1st mortgage
Sumner County RR.-ls^ mortgage
Ottaw a-A JJm lingion UK. -1st mortg., guar
Kansas City Springfield <0 Memphis—1st lnort......
3d mortgage
Mavsville Division mortgage
General mortgage
KeokukJDcs Moines— 1st M.,mt.guar.
hnox if Lincoln— 1 st mortgage
Lackawanna t£ PiUst.urg—Mortg. (for
Allegany Cent., 1st mortgage, gold
2d mortgage, gold
do
Income mort., not
do
Lake Eric <t Western—Stock
1st mortgage, gold
Income bonds convertible (not
C. II. I. A P.
#2,000,000)
j
cumulate...
!
cumulative)
300,000
6
4
4
6
1,769,000
50
1177
F.
A A.
o —b
7
6
7
August.
do
do
1,000
1,000
1,000
1,000
2,500 0CC
1,000,000
100
49,466,500
100
533.500
l
F. A A.
April 1, 1911
Feb. 15. 1883
Aug. 15, 1883
June
1, 1908
Sept. 1, 1910
Aug. 1, 1922
Apr. 1, 1909
Jan. 1, 1910
Sept. 1, 1910
April 1. 1909
May 1, 1923
May, 1881
June, 1885
Co. July 1, i911
Co. Get. 1, 1923
1830-1902
Bk.
Jau.
Co.
1922
1,
'
6
W r#
c
Jan.
i,
1912
Aug.
i5.
1919
Aug. 15, 1899
Aug. 1, 1919
dj
do
Aug. 1, 1920
May 1, 1919
May 1, 1899
July 1, 1905
N.5 ..Grand Cent.Olliee. Aug. 1. 1883
Aug. 1. 1883
do
do
Y., Metropolitan Bk.
do
do
Ycarlv.
A. A O. N. Y., Union Trust Co.
M. A N
Q.-K.
2
5
•
1890
Feb., 1896
•
6 g.
7
6 g.
994.300
F.
A A.
N.
owned from Leavenworth to
Milton18/9.,,
net,
follows:
was as
G ross
Not
Earnings.
40,435,645
50,007.866
75,1 15,< 05
1,505.215
1,105,200
312, 427, 4 52 ; V. 57, p.
cent of the gross earnings to this
(m>t tV* principal) on the ure/ient
$3,000,000, of which
#."‘25.615
2.764
740.070
f
48.)
Ky.,to Lex¬
50 miles; total
T.(*x. RR.. which
was foreclosed in 1850.
In 1875 the* "present company was formed, and
took pe)8fle8sion May 1, 1875. The* Maysv. A Lex. RR. was taken Nov.
17, 1876. In June, 1#81, a majority of the stock was purchased by Mr,
C. P. Huntington of the Chesapeake A Ohio road, and an extension
from Paris te> Livingston, Ky., 70 miles; will be completed in 1883.
Enough of the general mortg. e>f 1881 is re>e*rved to re-tire the prieu*
ends
report
for 1882
Operations and earnings for two years
Jlcccipls—
Total gross earnings
Net earnings
Dish ursem cuts—
Annual
Rentals paid
Interest on eloht
Taxes
....
188*2.
1881.
#705,127
#214,472
#724,363
$300,273
#28,000
#28.000
70,875
17,73 l
73,252
23,885
130,630
20,412
#213,711
#170,042
#728
#130,231
Lake
Erie if:
230, 521,540, 571; V. 36, p. 252, 534; V. 37, p. 23.)
Dcs Moines—June. 30, 18S2, owned from Keokuk, Li., to
—(V. 34, p. 146,
1874, e>f
1873.
1,1878, to the Chicago
25 per
188.2, owned from
Western.—June 30,
Fremont, 22 miles; Fremont to Celiua, 00 miles.; branch to
miles; Cclina to Muncie, 54 miles; Muncie to Ill.'State line,
Illinois State lino to Blooitiihglon, 81 miles : total operated,
146; V. 35, p. 103. 454.)
Lake Ontario Southern.-Sept.
p.
30,1 SSI; owned from Sodus Point. N.Y.,
miles. This company was a eonsoiidation, Doc. 2,
1870, of "the-Ontario South ami the Geneva Horneilsville A Pine Creek
railroads. Stock, $010,175. Gross earnings in J880 81, $31,088. (V.
to
Stanley, N. 5’., 31
33, p. 412.)
I.ukc Shore if Michigan Southern.—Dee. 31,1882,
N.Y., to Chicago, 111., bK> miles; branches owned,
owned as follows: Detroit. Monroe A Toledo, 62 miles;
White. Pigeon, 57 miles; Northern Central (Mich.),
miles.
Echos leased are as follows: Kalamazoo Allegan A Gr.
58 ndies; Jamestown & Franklin, 51 miles; Mahoning
Detroit Hills. A Southwest., 65 miles; Fort Wayne A Jackson,
total, 315 miles. Total road owned, leased, and
This company was a eonsoiidation of the
owned from Buffalo,
324 miles. Other lines
Kalamazoo &
61 miles; total, 160
Rapids,
Coal Ii.,*43 miles :
08 miles;
operated,. 1,330 miles.
Lake Shore Railroad and
Michigan Southern A Northern Indiana Railroad May 27, 1860, and tlio
Buffalo A Erie Railroad August 16, 1860.
The consolidated line em¬
braces the former roads of tin*. Cleveland A Toledo and the Cleveland
Paiuesville A Ashtabula
railroads.
1882,140,500 shares prof. stock and 121,000 shares of common stock
(a controlling interest) were purchased in the N. Y. Chic. A St.
(Nickel-plate) road, and $6,500,000 of L. S. A M. S. 2d consol, mortg.
bonds issued to pay for it. The Lake Shore also controls Chic. A C. So.
In
Louis
statement for'’first six months of 1883 (V. 36, p. 707) gave net in¬
all charges, #1,741,837, against #1,076,005 in 1882, leaving
a deficit of $236,823 after pa;* ing the 4 per cent dividends.
The last annual report is published in V. 36, p. 508, containing the
tables below, showing the operations and the earnings of the
a series of years :
OPERATIONS AM) FISCAL RESULTS.
1881.
1882.
18-0. "
The
come over
road for
1870.
Operations—
3,682,006
4,118,832
3,313,485
Passengers carried ..
2,822,121
207,053,215 227,008,058
Passenger mileage... 141,162,317 176,148,767
2-15 cts.
1-08 cts.
Rate per pass p.
mile
Av. rate p. ton p.
mile
213 cts.
2-22 cts.
Freight (tons) moved 7,541,294
Freight (tons) mil’gc. * 1,733,123
8,350,336
*
0'642 cts
1,851,166
*
0,164,508
2,021,755
*
0,105,538
1,802,868
0 628 cts.
0*750 cts.
0-617 ets.
*#
$
$
3,761,008
4,131,789
1,077,20 L
011,150
12,650,087
Mail, exp., rents, Ac.
$
3,138,001
11,288,260
845,228
1,176,615
4,807,185
12,022,577
1,305,877
Total gross earnings.
15,271,192 18,749,401
17,071,301
18,225,630
Earnings—
Passenger
Freight.
Opeiating expenses—
$
Maint. of way, Ac
1,811,281
Maint. of equipment.
3,204,527
Transport’ll expenses 4,626,335
Taxes..
Keokuk rf*
Dos Moines, la., 1(52 miles. This was a re-organization, Jan. 1,
the Dos Moines Valley Eastern Div., sold in foreclosure Oet. 17,
Tlic property was leased for 45 years from Oet.
Rock Island & Pac. RR. on the terms following: that the lessee* pay
bonds are redeem¬
Sandusky to
Minster, 9
120 miles;
386 miles.
This was a consolidation. Dee. 12,1870, of Iho Lafayette' Bloomington A
Muncie. and the Lake Erie A Western, on the basis following: The, consol¬
idated company t.o assume all the. debts, issue its stock share for share
for the Erie. A Western stock, and issue four shares «-of its stock for each
share of the Lafayette Bloomington &. Muncie, stock.
The line em¬
braces t lie former Lafayette Bloomington A Missi'ssij pi road and the
Lakefflrv* A Louisville. There are also $160,000 in ear. trust certificates
outstanding. Earnings in 1880 81, gross, $1,411,770; net, $310,574 :
in 188!-82, gross, $1,424,013; net. $388,001. (V. 33,p. 358, 501; V. 34,
1882, owned from Covington.
INCOME ACCOUNT.
#1,500.000 is preferred. Road when completed
with branches, in all
will extend from Perkinsville, Pa., to Olean, N.Y.,
101 miles. Sce-V. 36, p. 453. The A. C. 1st mortgage
able any time at 105. (V. 36. p. 1 53.)
56, p. 500, 550 ;
De*e. 51.
but guarantee the interest
company,
bonds. The stuck is $1,524,600 of 8
per cent preferred anel #2,600,400 of common, a majority of which is
held by the lessee. In the year 1870-80 gross earnings, were #639,788;
in 1880-81 gross earnings, #660,101, and rental, at 25 per cent,
#165,025, leaving $27,525 surplus over interest A dividend of 1% per
cent on preferred "stock was paid December, 1881. (V. 35, p. 737.)
Knox & Lincoln —Sept. 30, 1882. owned from Bath, Me., to Rockland,
Me., 40 miles. The stock is $361,580. John T. Berry, President, Rock¬
land, Me. (V. 32, p. 356 ; V. 34, p. 201, 316".)
Lackawanna <0 Pittsburg.—A consolidation in April, 1883, of the.
Allegany Central and the Lackawanna A Western.
Capital stock,
ami Paris, Ky., to Mavsville, Ky.,
operated, 150 miles. This was formerly t lie Covington A
0 g.
1880
V. 57, p. 23, 00. 127.)
Memphis.—This organization embraces
two corporations under the law's of Missouri and of Arkansas to build a
roael from Springtielel, Me)., to Memphis, Team., - 81 mile*s, at an csf imatrd
cost of #7,000,600. 'Jdie Kan City Ft. Scott A G. will appropriate 15 per
cent of gross earnings on business to or from the new road to pay in¬
terest on the? bonds, if neeeleel.
Each holder of 50 share's K. City I t. S. A
G. stock had the right to take* #1.5(H) in stock of the new Missmi’i eorporation for #1,500 in cash, with #2.006 e>f the bonds for #500 in cash—
making #3,500 for #2,000 cash.
(V. 33, p. 153; V. 35, p. 71,267,313,
_
Jan’ary
1879
1879
1880
Ser
lansas
centCity
bonds
of thatA Western),
company according
(through itstoauxilary
the*
Topeka
the: termscorporation,
of tin* circular
publisheel in the Chronicle of Nov. 27, IKS'.) (V. 51, p. 550). 'Ida*
present bonds carry l per cent till 1882. 5 in 1882-8. anil 6 thereafter.
*\
6 g.
6
600.000
Earnings.
1.222,867
Total disbursements
A J. N. Y.f Morton. B. A
A O. .N. Y.,Farm. I.. AT.
Various Rost., Hide A L’lhu
:
J. A J. N.Y., Post,Mart
in A
*
1,000
1,000
Kansas City Lawrence <f Southern
Lawrence, Kan., to Colley vide (Indian
Balance surplus
A.
1,815,000
1,485 000
327,000
Mile,age.
8,si o.<;;;s
11 ,"4)4,7 70
13.376,180
Miscellaneous
J.
5
6
0
6 g.
1,000
Mileage.
Dividends
6
(?)
600,000
150,000
300,000
546, 762, 763; V. 26, p. 453.)
V:
M. A
.1. A
1879
1879
1880
Freight (ton)
bonds. The liseal year now
In Chronicle, V. 36. p.534.
past:
1
7
7
500 Ac.
....
JM. A
A. &
M. A
5,584.800
220,000
Kansas.—Dee. 51.1 «82,' owned from
Ter. Line), 1 ! 1 miles: branches—
Ottawa Junction to Olathe. 52 miles; Olathe to Waseca, 11 miles;
'Cherryvale to Harper K:m., 140 miles: Wellington, Kan., to llmineweil,
Kan.,18 miles; leased Ott.awaA Bonington 1MI., 42 miles; total oper¬
ated. 505 miles. The Kansas City Lawrence A Soul hern Kansas was
formerly the Loav. Law. A Gah RR , which was sold m foreclosure Aug.
9, 1878,"and purchased by bondholders, and tin? present company organ¬
ized May, 1870.
In November, 1880, the eonsoiidation of the three
roads above named was made*, and the? consolidated stock of #5.750,0. o
was purchased in the. interest of tin* Alehisem Top. A >S. Fc with the 5
=£'
5
5 to 6
7
Co. July 10, 1907
July 1.. 1912
April 1, 1900
Y., Farm. Ii. A T.
6
6
,ooo
Passengc
Kentucky Central.—Dee., 31,
i
N.
J. Phiia., 233 So. 4th St
do
do
O.
J. Lowes, Del., Treasurer.
do
do
A.
O.1 Office, 195 Broadway.
Boston.
A.
do
A.
,t: Best., Nat. Webster Bk.
do
do
S.
do
do
A.
O. Boston, Nat. Union Bk.
do
do
J.
do
do
H
O.
Boston, Olliee.
N.
Cincinnati.
N.
D. N. Y.. Bank of America.
...
earnings for three ye tins past have boon as
ington, Ky., 100miles,
-r
2,335,000
follows:
branches—Weir
City to Cherry' alle. 50 miles; Arcadia to Coal Mines. 2 miles; Baxter
Springs to Webb City. 22 miles; Rich Hill Junction to Carbon Centre
and Rich Ilill, 88 miles ; Fort Scott Junction to Springlield. 160; Coalvale to Cherokee, 2(5. Total operated, Dec. 31, 1882, 587 miles.
This company was organized April 1, 1870. as successor to the
Missouri River Port Scott A Gulf, which made default October 8,
1873, and was sold in foreclosure February 4,1870. The first mort¬
gage bondholders of the old road took SOper cent in the new mort¬
gage bonds, and for all other claims stock was issued. Operations and
—(V. 32, p. 16; V. 35, p. 74; V.
Kansas City Spring field <f
4
J
Dividend.
7
2,750,000
i
J. A
J. A
A A
J. A
F. A
A. A
F. A
F. A
,L A
M. A
F. A
A. A
J. A
pal,When Due.
and by Stocks—Last
50n,000
7,000,000
too Ac.
1881
1 s$2
Where Payable,
Whom.
Payable
When
248.000
1878
’69-’72
200
200
Kansas City Fort Scott A Calf.— Dec. 31, 1882. mileage
Mainline—Kansas City to Baxter Springs, 160 miles;
-(V. 35, p. 457; V. 56, p.
7
400.000=*
6.036,000
Sold under foreclosure of lirst mortgage April 14,
Reorganized April, 1870. Gross earnings in 1882. #160,554;
$5,864. Stock, #1,348,000. Sidney Dillon. President,
Miles.
305
315
857
2,750,000
2,560,40(4
2.374,000
212,000
2,910,000
1,000
vale, 168 miles.
Years.
1880
3
1881
Breakwater—Oca. 31, 1882, owned from Harrington to
Lewes, Del., 40 miles; branch to Rehoboth, 5 miles; total operated. 45
miles. Gross earnings, 18sl. $83,693; not, #30,024.
Gross in 188?,
#112,864; net, #51,110. Stock is #306,000. N. L. McCready, Presi¬
dent, New York City. (V. 31, r. 625.)
£s
4,618,000
1,000
Junction &
Central— July 1 ,1883,
1,3 4 8,000
1.000
21
Muncie, 1st inert., gold
income M. con. (non-cumul.)
Ontario Southern— 1st mortgage, gold
.-.
Shore it Michigan Southern—Stock
Kansas
400,000
1855
01
stock
1,000
....
165
do
Guaranteed 10 per cent
4.Uj
7,700,000
Lafayette Bloom. A
Lake
Lake
18$;)
1 883
1882
Sandusky Extension, 1st mortgage
do
do
income bonds
do
7
425,000
1.000
500 Ac.
1,000
1,000
1,000
1 >82
6:
62
j
$800,000
1,000
1,000
1.000
1879
1 8-80
1 $80
150
1 62
40
Rate per
Cent.
250.000
1 vbO
281
150
80
Kentucky Central—a took
Outstanding
1.000
1870
4 2
Amount
$1,000
1877
1862
1865
I860
1876
1881
44
M. C.
2d mortgage
Junction tC Jircalnvatcr—Funded debt (Del. St.
2d mortgage
Kansas Central—1st mortgage (for #3,200,000)
Kansas C>ty Port Scott
Gulf—Stock, common
28 1
Date
Size, or
Miles
Par
of
of
Road. Bonds Value.
"-weWvy-
Miscellaneous t
437,616
855,212
8,934.521
Total
Net earnings
P.e.of oi>.ex. tocar’gs
6,336,968
5a 50
Three ciphers omitted.
t Includes damage ami loss
1
$
$,
1,81 5,072
2,1 08,856
2,1 82,510
$
2,323,789
1,552,805
4 37,630
1,500,537
0,275,301
472,566
688,760
751,151
709,011
10,118,105- 11,278,428
6,692,963
8,331,356
11,057,807
5,307,820
55'56
6276
5,068,350
503,852
7,167,832
60-67
*
law expenses,
of freight and baggage,
rents payable and hire of cars.|
personal injuries,
'.•Ctrl'-
August,
,V>^.
KAILKOAD
18S3.*|
Subscribers will confer
a
ffrst page
BOXD3.
XXXIX
Date
Size, or
of
of
Par
Road. Bonds Value.
of tables.
864
864
864
Lake Shore dividend bonds.
1st mortgage, sinking fund, M. S. A N. I
3d mortg ige (C., P. Sc A. HR.) registered bonds..
1st mortgage (C. & Tol. RR.) sinking fund
2d mortgage
do
Buffalo A State line, mortgage bunds.
Buffalo Sc Erie, mortgage bonds
Det. Monroe <t Tol., 1st inort., coup., guar
Kalamazoo <t White Pigeon, 1st mortgage
Schoolcraft A Three Rivers. 1st mortgage
Kalamazoo Sc Schoolcraft, 1st mortgage,
Kalamazoo Allegan A Or. Rapids, 1st mortg ige...
Kal. Allegan Sc Or. Rapids, stock, 0 p. c. guar
Jamestown Sc Franklin, 1st mortgage
*
Jamestown Sc Franklin, 2d mortgage
Lawrence—Stock
1st mortgage
1870
1870
1873
1869
1S55
1867
1855
lSOtJ
18(5(5
18(58
1876
....
451
95
1(52
162
SS
88
62
kj
12
13
58
....
51
51
•
41
u*>
do
2d mortgage
Lehigh \L- Lackawanna—1st & 2d mortgages
Lehigh X alley—Stock ($10(5,300 is pref.)
1st mortgage, coupon and registered
2d mortgage, registered
Consol, inort., gold, $ A £ (s.fd. 2 p.e. y’l.v) cp.A reg.
Easton Sc Amboy. 1st inort-., guar.(for $0,()dC,000)
Delano Land Company bonds, endorsed
Miami—Stookrcommon
22
25
303
101
....
....
....
1,000
1,000
50
1,000
....
....
1,000
84
168 r
1,000
18(54
1SS2
J.
"
Q.—J.
6
6.000.000
1,000
1,000
1,000
13,8 4,000
7
6
2,500.000
5
1.395,000
50
4,637,300
J.
M.
J.
M.
J.
1,000
250,000
1,000
1,409.U09
7
2
(5
5
4,505,398
10 stock.
2.470.500
7
.
.
500 Ac.
A I).
A. A O.
M. A N.
A. A O.
J. A J.
A. A 0.
M. A S.
A. A O.
P. A A.
J. A J.
.1. A J.
J. A ,T.
J. A J.
A. A 0.
J. A J.
J. A D.
Dee.
Coupons are paid by
Troasiir’r at Gr’nd
Central Depot, N.
Y., and registered
interest by Union
Trust
Eeceipts—
Net earnings
Interest, divid’s, Ac.
Pr. on bds. A st’ks sold
Total
income....
Disbursements—
Rentals paid.
Interest on debt
Dividends, guar
Dividends, ordinary.
Total disbursem’ts.
1881.
,
•$
.
1882.
8,331,356
$
0,692.963
7,167,832
298,662
238,(575
98,392
$
850,000
<
Cincinnati.
Various Cinn., Lafayette Bank.
M. A N. N. Y., Bank of America.
8,540,018
$
257,4 SO
$
282,955
2,622,730
53,350
3,957,320
53,350
3,957,320
3,957,320
8
8
8
2,61(5,955
53,(50
3,215,322
61i>
7,7S1,63S
$
273,925
2,612,230
-
7,266,224
$
357,087
2,714,955
53,350
(571.94 9
O'
(50,128
199,597
(5,9 1 (5,35(5
6,203,2 14
306,530
1
,(523,(5(52
7,771.371
7,082,7 1 2
10,267
183,512
*
In 1880 this item amounted to $700,000, but was charged fo operat¬
ing expenses, and in 1882 it amounted to $1,0*9,000, but was charged
In general account below.
—(V. 31,
p. 501, 5IS, 617, 637; V. 35, p. 3. 21, 219, 298, 729; V. 3(5, p.
508, 510. 707.)
Lawrence.— Dee. 31, 18S2, owned from Lawrence Junction, Pa., to
to Coal Fields,
Youngstown, O., IS miles; branch from Canfield Junction
O., 4 miles; total operated, 22 miles.
The branch
was
built, by ancthei
company and merged in this company April 23, 1873. The Lawrence
Railroad was leased June 27, 18(59, to Pittsburg Fort Wayne & Chicago
RR. at 40 per cent on gross earnings, with $15,000 per year guura deed
as a minimum. Lease has been transferred to Pennsylvania (A)., by? *hieh
the road is now operated. Gross earnings in 1881. $193,000; net, $95,-
124; rental received from lessee, $77,200; i:i 1882. gross, $.26,010;
net, $.07,191 ; rental, $90,7(51. (V. 35, p. 20; V. 3(5, p. 252.)
Lehigh if Hudson River.—This road
was opened from Greyeouit, on
N. J., 63 miles. August, 1882. Consolid it ion
April, 1SS2. of the Lehigh A Hudson River and the Warwick Valley
roads. Iu addition to above there are $65,000 Wayawamla (5 p. e.
bonds due 1900.
Stock, $1,310,000.
In 18S1-82 gross earnings,
$83,691; net, $28,411. (V. 33, p. 201 ; V. 31, p. 146, 4oS, 549; V. 35,
Erie road, to Belvidere,
p.
102, ISO, 298.)
Jwhigh <f Lackawanna.—Dec. 31, 1S82, owned from Bethlehem, Pa.,
to Wind Gap, Pa., 25 miles. This road was opened in 1807.
It is leased
to the Lehigh Coal A Nav. Co., and operated by Central RR. of New
Jersey. Of theabove bunds, $100,000 are a 1st niort., and $500,000 2d
mort.
Capital stock, $375,100. Gross earnings in 1881, $47,441; net,
$16,£20. Gross earnings in 1832, r53,S34; net, $9,981.
Lehigh Valley.—Nov. 30, 1882, owned from Phillipslmrg (Pa. TJr e), N.
J., to Wilkesbaire, Pa., 104 miles; branches—Penn Haven to Audenried,
1.8 miles; Hazle Creek Bridge to Tomhicken (and branches). 32 miles;
Lumber Yard to Milnesville (and branches), 18 miles; Black Creek Junc¬
tion to ML Carmel (and branches), 61 miles; Slatedale branch, 3 miles;
Be»r Creek Junction to Bear Creek, 11 miles; Lackawanna Junction to
Wilkesbarre, 10 miles; also owns the Easton A Amboy RR., Amboy,
N. J., to Pennsylvania Line, (50 miles; total operated, 323 miles.
This is
one of tin* most important, of’the coal roads, and lias been able to main¬
tain dividends during past years.
It is one of the peculiarities of the
company’s annual report that no general balance sheet is given. The
earnings, expenses and income account for the fiscal years ending Nov.
30, were as follows :
1 879-80.
19,,812,238
Operations—
.
1880-SI.
1881-92.
27,449.347
.375,,803.125 440,626,699 190,120,780
.166,,178,752 202,299,285 210,411.(551
23,123,806
.511,,481,877 012,925,981 706,832,131
Earnings—
.
$5 ,352,604
-
.
.
•
$6,678,590
4
2,126.397
530.812
$7,158,741
2,2(59.021
618,871
732,304
,8 79,5
/
$7, 7(52,990
$9,423,858 $10,160,069
4. 002.357
4,648,084
5,833,677
$3, 7(59,(533
$4,775,77 4
$4,326,392
6 AC*COUNT.
1S79-S0.
I
<Mt>
Receipts—
Net earnings.-..*
Other receipts and interest
Total income
1880-81.
1881-S2.
$
760,033
4,775,774
4,326,392
837.948
968,268
1.079,243
4.593.581
5,714,042
5,405,635
O
$
Morris
$
Charged for
1899
1911
Dec. 1. 1907
July 16. 3 883
June, 1898
Sept., 1910
1898 Sc 1923
1920
Jan., 1892
Sept. 10. 1883
1894
Nov. 2, 1912
depreciations
Total disbursements
Balance, surplus
*
in 1890, 10 on preferred and 4
1879-80.
1880-81.
1881-82.
$
$
2,268,313
$
2,019,734
772,682
4
1,630,113
Canal, Ac
accum.
Aug., 1895
Boston, Treasurer.
July 18, 1881
IT. a j. N.Y..Wm.C.SheldonACo Jan. I, 1905
......
on
1894
Julyl. 1911
A D. Reg.atollice; cp.B’kN.A
A 8. Phila., Bank of N. Amer.
A D.
Philadelphia, Office.
AN.
do
do
A J.
do
do
Q.-M.
1903
July. 1883
Philadelphia.
Philadelphia, Office.
Disbursements—
Interest on debt
5
General, taxes, floating int, loss
Dividends*
6,509,774
Rate of dividend
New cars A engines*.
Miscellaneous
Balance, surplus...-.
1880.
$
6,336,9(58
172,806
Company.
June 1.
INCOME ACCOUNT.
1879.
.
]
1.
April 1, 1899
May 1, 1885
Oct. 1, 1892
July 1, 1885
April 1, 1886
Sept. 1, 1886
April 1, 1898
Aug. 1, 1906
Jan. 1, 1890
July 1, 1887
July 1, 1887
J ill v 1, 1883
April 1, 1883
Var.toJTy/97
Q.- J.
O
1.000
....
1875
165
A. A "0.
J. A I).
600,000
27,003,195
5,000,000
50
....
....
6
6
7
240,000
1868
1870
1873
1880
1372
10 L
232
60
145,090
100.000
8 10,000
(510,000
3(5 8,000
....
....
196
Street con. 1st M. bds (jointly with Cin.A Ind.RR.)
Renewal mortgage
Little Rock <£• Fort Smith—Stock
1st M., ldgr’t (1.083,000 aes) s.fd. (for $3,000,000)
....
July 1, 1900
July 1, 1900
6
92 4,000.
400,000
100,000
....
J.
800,000
2,831.000
St ocks—Last
Dividend.
Q.-J.
Pittsburg Office.
F. A A. N. Y., Winslow, L. A Co.
J. A J. N. Y., Nat. Exch. Bank.
300.000
1,009
A
pal, ^When Due.
Whom.
500,000
450,000
329,000
5,240,000
920,000
1,595,000
849,000
500 Ac.
1863
1869
J.
Payable, and by
7
7
7
7
7
7
7
7
7
7
8
8
8
3
7
7
2
7
1,356.000
1,000
1,000
IS 65
18S1
1879
1881
1S77
Rate per When Where
Cent.
Payable
[$8,706,000 { ?
21,192,000
1,009
1,000
1,000
1,000
1,090
....
Lehif/h <£ Hudson River— 1st mortgage, gold
Warwick Valley, 1st mortgage
Outstanding
1,000
W
17
Amount
$1,000
18(59
1867
1 867
18(58
/
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Miles
Lalce Shore <6 Michigan Southern—(Continued) —
Consol. 1st inort., (sink, fund, 1 per cent) coupon.
do
do
do
registered
Consol. 2d mort.do. (for$25,000,000) coup. A reg.
Little
AKD
great favor by giving Immediate notice of any error discovered In tliese Tables.
DESCRIPTION.
on
STOCKS
,
742,953
1,108,757
990,338
1,522,954
1,070,059
375,490
2.350,516
55 4,349
4,472.161
126,420
5,634,008
5,300,089
110,034
105,546
on common ; in 13S3, 10 on preferred
and 5]e on common ; in 1882. 10 on preferred and 61a on common.
—(V. 3 i, p. 8(5. I 4 5, 489, 549 ; V. 36, p. 80, 13 8, 169.)
Little Miami.—December 31, 1882, owned from Cincinnati, O., to
Springtield, O., 81 miles; branch. Xenia. O., to Dayton, O., 16 miles;
leased, Columbus A Xenia Railroad, Xenia to Columbus, O., 55 miles
Dayton A Western Railroad. Dayton, ().. to Indiana State Line, 37milos;
OliioSIate Line to Richmond, Ind., 1 miles; total operated, 19(5 miles. The
I i tie, Miami Rail oad proper extends from Cincinnati to
Springtield, but
th - portion between Xenia and Springtield is now operated as a branch ;
for t.he remainder of the main line, as given above, the Col. A Xenia
road, Columbus to Xenia, is used. On Jan. 1, 18(55, they leased 1 he Dayton A Wvst. (Dayton to Ind. State line) and the Rieh. A Miami (State line
to Richmond), and on Pet), 4. 1865. purchased theroad from Xenia to
Dayton; those three roads go to form the branch of 57 miles given
above.
The partnership agreement was dissolved November 30, 1868,
and a-emitraet made by which the Columbus A Xenia road, including
its interest in the. above-named branches, was leased to the Little Miami
for 99 years.
On December 1. 1869. the Little Miami, with all its
branches, Ac., was leased to the Pittsburg Cincinnati A St. Louis Rail¬
road Company for 99 years, renewable forever.The Pennsylvania
RR. Co. is a party to the contract and guarantees its faithful execution.
Road is now operated by Pittsburg Cin. A St. Louis Railway Co. Lease
rental is K per cent, on $1,743,300. interest on debt and $5,000 per
annum for Little Miami Company’s, expenses of organization; tlie fulfil¬
ment of the lessor’s lease obligation is
also stipulated. In 1882 the
gross earnings were $If8oS,15 ’; net, $105,350; lease rental, Ac., of
,
lessee, $671,'65; loss to lessee, $26(5,015, against $267,467 in 1881.
—(V. 32, p. 155, 498.)
Lillie Rock if- Fort Smith.—Dee. 31, L3S2, owned from Little Rock, Ark.,
to Fort Smith, 1(55 miles; branches, 3 miles; total, 1(58.
In Dec., 1874,
the property (then 100 miles), including the land grant, was sold in
foreclosure. This company afterwards, built 65 miles, and opened the
road to Fort Smith July 1, 1876. Six coupons of July, 1876, and after
wen? funded into
7 per centmotes.
Total of notes outstanding Deo.,
1882, $464,747.
In June, 1883, it
was
proposed to fund into 10 year
scrip the coupons falling due July, 1"S3, and January, 1884. In the
year 1881 the gross earnings were $562,650; net, $260,745.
In 1882
gross earnings were $339,133; net. $237,193. The lands unsold Jan.
1. 1883, amounted to 6v<5,390 acres and land notes, $571,873; in
1881 47,785 acres were sold for $185,705; in 1882 49,431 acroa sold
for $167,587.
(V. 35, p. 317 ; V. 3(5, p. 29, 10S, 534, 731.)
Little. Rock Mississippi River if: Texas.—Dec. 31, 1882, owned from
Little-.Rock to Arkansas City, 113 miles; Tripps to Warren, 53 miles ;
Rob Roy Junction to Mieawber, 4 miles; total, 170 miles.
This oompany was a reorganization of the Little Rock Pine Bluff A New Orleans
Raiiroael and the Mississippi Ouachita A Reel River Railroad. Both
those companies received land grants and State aiel bonds. The coupons
dm* Jan. 1 were not paid, and scrip was offered.
Earnings in 1881,
$301,225; net. $129,625; in 1882 gross. $321,862; net, $99,601. The
stock is $3,594,600.
Eiislia Atkins, President, Boston, Mass. (V. 33,
p. 201; V. 35, p. 182 ; V. 36, p. 108, 139.)
Little Schuylkill.—'Sov. 30, ’82, owned from Port Clinton to Tamanend,
28 mile's; branches, 3 miles; total operated, 31 miles. The East Mahanoy RR., was Rased Jan. 12,1863, for 09 years, and sub leased to Pliila.
A Reading July 7, 1868. The Little Schuykill Railroad is leased to the
Philadelphia A "Reading Railroad for 93 years from July 7, 1868, at a
fixed annual rental. Of the stock, $158,250 is held by the company, and
no dividends arc declared on this.
Long Island.—Sept. 30, 1882, owned from Long Island City, N. Y., to
Grcenport, N. Y., 95 miles; branches, 87 miles; total owned, 182 miles.
Leased—Smithtown A Pt. Jefferson RR., 19’0 miles; Stewart RR. toBethpage, 14*5; Stewart
Bit., 8-9; Brooklyn
RR. to Hempstead, 1-8; New York A Rockaway
A .Jamaica RIi 9 (5; Newtown A Flushing RR.,
3-9; Brooklyn A Montauk, 67; Manhattan Beach Rlt., 17*8; Hunter’s
Point A So. Side RR., D5; Far Roe-kaway branch, 9*4; L. I. City <fc
Flushing RR., 15 8. Operated—N. Y. A Long Beach, 6; Central exten¬
sion. 8-i ; Main St., Flushing, to Great Neele, 6*1. Total leased and
operated, 188 miles. The total of all the roads owned and operated is
370 miles.
The I sing IslamPRR. went into the hands of a Receiver Oct.,
1S77, but in 1881 the company took possession. The second mortgage
bonds were issued to take up Moating debt of various classes.
The control of the company sold to Mr. Austin Corbin and others in
Dec., 1880. In July, 1881, stock iucrcascd to $10,000,000. In Aug,
,
jybr&H' - ’kfv <
Subscribers will confer a great favor
first page
by giving Immediate notice of any error discovered in these Tables.
Date
of
of
Road. Bouds
Miles
explanation of column headings, Ac., see notes
on
of tables.
1876
1883
170
IAttle Rock Miss. River i£ Texas—1st mortgage
2d mortgage
31
Lillie Schuylkill—Stock
Z/ong Island—Stock
334
1st mortgage, extension
1st mortgage, Glencove Br
1st mortgage, main
2d mort. for floating debt
....
95
156
161
10
Consol, mortgage, gold (for $3,000,000)
New York A Rockaway, guar. hit. only
Smithtown A Port Jefferson
19
10:h
Long Island City it Flushing—1 st M.. coup, or reg
Income bonds (cumulative) ($350,000)
Newtown A Flushing, guar, by L. I. ltR.r
Los Angelos <£* San Diego—1st mortgage
Louisiana Western—1st mortgage, gold
Louisville Evansville ct St. Louis.—1st mort
2d mortgage, gold
103*
4
27
112
Income bonds
2,028
Louisville <t Nashville— Stock
840
General mort., gold, coup, or reg. ($20,000,000).
Louisville loan, main stem (no mortgage;
02
Lebanon branch, Louisville loan
02
do
extension, Louisville loan
$1,500,000 Lebanon-Knoxville extension mort... 172
40
CeciUan Branch, 1st mortgage
392
Consolidated 1st mortgage
392
2d mortgage bonds, gold, coup
130
Memphis A Ohio, 1st mort., sterling, guar
S3
Memphis A Clarksville hr.. 1st more., sterling
135
Mort. on Ev. Hen. & N., gold (for $2,400,000) ...
E. H. A N. deben., secured by $800,000 1st M. bds.
3d mort., trust, gold, sink, fd., secured by pledge. 1,079
-
141
141
1st mortgage on New Orleans A Mobile RR ..,
2d mortgage
do
do
....
Bonds sec’d by pledge of 2d mort.S.&N.Ala.RR..
1881, most of the holders of Smithtown A Port
'
189
1860
1808
1.3 58
13 78
188 L
1371
1871
1881
1381
1871
T380
1881
1880
1882
1881
Size, or
Par
Value.
50
500
500 Ac.
500
' 100 Ac.
500
500
Gross earnings
Expenses and taxes
1,000
2,240,000
1,000
1,000
1,000
3,900,000
1,090.000
3,500,000
2,171,840
1,000
1882
1880
1,000
1,600,000
005,000
10,000,000
5,000,000
1,000.000
1.000
York State
1SS1-S2.
328
352
0,228,202 '6,512,2)0
320.837
330,252
8,878,453
386,260
$
121,283
118,178
141,770
173,58 i
.1,017,950
.1,279,591
1.31 1,8 49
1,365,850
1.946.603
1,756,31 2
2,41~. 057
1,0 / 6,7 / 4
445,993
190.296
810.283
-
Funded debt
Floating debt..
Total liabilities
—(V.34, p.
If
q-w
"nr.
292.S 11
1,157,80L
3,260,000 3,26*0,700 9,900,700
2,479,712 2,713.672 2,691,203
725,380 1.123,791 1,051,975
o,300,211
0,405,098
7,098,100 14,303,878
0,271,300 0,029,318 11.086,245
19, 140, 403.435, 519; V. 35, p. 102, 189, 211, 373, 735,
Cost of property
■
92,500 [
333,000
7,070,000
2,000,000
1.000
1,000
1880
0,160,059
763; Y. 30, p. 5,93,731.)
Long Island City it Flushing.—This is a reorganization of the Flush¬
ing A North Side road, foreclosed Dee. 11, 1S80. The stock is $500,000;
par, $100. The income bonds are payable at will. Leased to Long Island
RR. for 50 years, the lessee taking 00 per cent of gross earnings and
$17,500 for fixed charges. In 1831-82 gross earnings were $211,9 L4, of
$84,765. (V. 33, p. 154, 408 ; V. 30, p. 55.)
Angelos it San Diego. — Florence to Santa Anna, Cal., 27 miles.
Leased to Central Pacific, and in 1882 the net earnings paid as rental
were $33,384.
Capital stock $570,800. Clias. Crocker, President San
1
Francisco.
Louisiana Western.—lire. 31, 1882, owned from Vermillionvillo. La.,
to Orange, Texas. 112 mil<*8, and operated by the Tex. A N. Orleans RR.,
under the same control us the Southern Pacific and Galveston Harris¬
Earnings in 1881, $235,234: net, $137,020.
$108,500; net, $105,902. Stock is $3,360,000.
burg & San Antonio lines.
In 1882 gross,
Louisville Evansville 11 SI. Louis.—Line
Mt. Vernon, Ills., 182 miles; branches to
of road, New Albany. Iml., to
Jasper A Gentry viliei 73 miles;
7
g.
6 g.
6 g.
6
6 g.
0 g.
pons, viz.:
were
requested to fund four
0
0
from April 1, 1S83, to Mar. 1, 1885.
In 1882 gross earnings
$258,835; net, $102,157. Jonas II French, President, Boston.
Mass.
(V. 34, p. 32, 115, 204, 549, 004; V. 35, p. 103, 131, 211; V.
36, p. 365, 399; V. 37, p. 99.)
Louis. cC Nash.—(See Map* page xll.)—June 30, 1882, mileage:
Mainline—Louisville to Nash., 185 miles; brunches—Junction to Banlstown, Ky., 17; Junction to Livingston, Ky., Ill; Junction to Rich
xnond. Ky., 34; Montgomery to Mobile, 180; Now Orleans to Mobile, 141;
branch to Pontehartrain. 5; Paris, Teuu., to Memphis. 259: East St.
Louis. Ill., to Evansville, Iml., 101 ; June., Ill., to Shawnectown, Ill.. 41;
Belleville, Ill., to O’Fallon, Ill., 0; Pensacola, Fla., to Pensacola Junction.
Fla., 44; branch to Muscogee dock, 1 ; Louisville, Ky., to Newport, Ky.,
109; Junction to Lexington, 00 ; Louisville II. Or. A W’port. (n. g.), i 1;
Selma to Pineapple, Ala., 40; Henderson to Nashville, 135; Pensacola
extension, 32; total owned. 1.578 miles; leased and controlled—Junc¬
tion to Glasgow, Ky., 10; Nashville to Decatur, 119; Decatur to Momiv. Cumb.
189;A Junction
Ohio, 28;toLebanon
to Greeusburg,
19; Louisville
Selma to4;
Mont¬
No.
Sraiery,
Shelbyville,
31 ;Transfer,
gomery,
50; total leased and controlled, 450 miles; total operated
June 30, 18S2, 2,028 miles.
•In April, 1883, two important
connections were opened, viz.: the
Knoxville branch, connecting with Eiist Tennessee Va. A Georgia, to
Knoxville and the Southwest: and the Pensacola A Atlantic road was
finished, giving a through route from Savannah to New Orleans.
In 1880 the stock dividend of 100 per cent was made raising the stock
from $9,059,301. Purchased in July, 1881, the entire stock of the Louis.
Cin. A Lex. (175 miles owned and 73 leased), and in November issued
the L.A N. mortgage on that road to pay for the said stock—which
was $1,000,009 common and $1,500,000 preferred
(See statement ot
$492,200 Trust Co. certificates were issued, secured
y $800,000 of the
O.
S.
N.
1
N.
J
J.
O, New York and Boston.
do
do
S.
1921
1902
1920
E. II. A N. bonds; they are redeemable any April or Oct., on 30 days
notice. Tin* Southeast. A St. Louis RR., which was reorganized after fore¬
closure, of the St. Louis A Southeastern, Nov. 16, 1880, Is leased to the
Louisville A Nashville for 40 years, aud the L. A N. issues its bonds as
above, secured on the. road, about 210 miles long iu Indiana aud Illinois.
There is also $000,500 of S. E. A St. L. stock. The L. A N. Lebanon*
Knoxville bonds of 1881 cover 110 miles, subject to prior Ileus, and 02
miles building from Livingston to State line as a first lien.
The Pen. A Atlantic is a separate company and the bonds are not a
direct liability or the L. A N. Co. The bonds were s< id to L. A N. stock¬
holders thus: $1,000 in bonds, $500 in bond scrip and $100 in stock for
$1,425 cash. The 3d mortgage bonds of 1832 are secured by pledge of a
large amount of stocks and bonds. (Si e V. 35, p. 428 )
In Nov., 1882,
tin* company listed $3,213,513 of its stock taken from the City of Louis¬
ville. and issued $3,780,437 of new stock to pay lloating debt, Ac. TIig
prices of stock have been :
Feb
March
April
May
5*V 515s
57 V 514^
f>5V 534s
July
August.
8144- 72 Lj
7314- 727a
53 V 52 L>
541s- 474s
7-17s- 01
5 1
October
Nov’ber
Dee’ber
33 V
.
...
June......
r
65
1883.
1SS2.
1833.
1332.
100-fi- 92
9,7 V 671o
Jan
">s- 49
.
Sept’ber.
.
.
.
7()4s- O L^s
70 Li- 70
54V
75 V 02
02 V 50
533s- 46*2
5544- 4978
The annual report for 18s]-s2, in the Chronicle, V. 35, i.
,ga\ean account o- the various transactions in thatyear. The
ti\e statistics were as follows, not including Nashv. Chat. A
wnu-h is reported separately
Miles
operated
Earnings—
Passenger
Freight
Mail, express, Ac
Total gross earnings
Operat’g expenses (exel.
Net
earnings
Pei1 cent of op. exp.
cm mpara-
St. L mis,
1881-82.
1880-81.
1,840
1,872
2,028
$1,700,207
$2,599,353
7,407,403
$3,007,405
8,050,339
904,894
929,911
4,138.532
$10,911,050
0,713,140
$11,987,745
7,429,370
$3,297,310
$4,198,510
$4,558,375
01*52
01*97
$7,435,843
tax.)
403, 427,
1379-80.
5.135,985
599,051
to oarngs.
INCOME ACCOUNT.
Receipts—
Net income,
all sources
Disbursements—
Rentals
Taxes
Int. on debt
Dividends
(all lines)
on
all roads
cou¬
were
July 13, 1883
Aug. 1. 1883
do
May, 1890
do
May, 1884
do
May, 1898
do
Aug. 1, 1918
do
July 1, 1931
do
April, 1901
do
Sept., 1901
N.Y., Corbin Bank’g Co. May 1, 1911
do
do
May 1, 1931
do
do
May, 1931
N. Y., Central Pacific.
July 1, 1910
1920
N. Y„ Central Trust Co.
'
L. A N. RR., 52 Wall St. Feb. 1, 1882
N. Y.. Drexei, M. A Co. June 1, 1930
1880 A 1887
New York Ageuey.
1S85-S6
N. Y., Drexei, M. A Co.
do
do
Oct. 15, 1893
March 1, 1931
New York, Agency.
Mar. 1, 1907
N. Y., Drexei, M. A Co.
do
do
April, 1898
Nov. 1, 1883
N. Y. and Louisville.
June 1, 1901
London, Baring Bros.
do
do
Aug., 1902
N. Y„ Drexei, 51. A Co. Dec. 1, 1919
1883-84
New York Agency.
Q.—Mar N. Y., Drexei, M. A Co. Mar. 1, 192*2
do
Jam 1, 1930
do
,r. A J.
Jau. 1, 1930
Now York Ageuey.
J. A J.
A. A O.IN. Y.. Drexei, M. A Co. April 1, 1910
Georgia lt iilroad deficit
The road is Miscellaneous
the reorganized Louisville New Albany A St. Louis, foreclosed in 1878
In January, 1882. a consolidation was imule with the Evansville Rock- Total disbursements..
port A Eastern, with a total capital! of $0,000,000. In Man'll. 1883, Balance
bondholders
1900
F. A A.
J. A D.
A. A O.
Various
A. A O.
M. A S.
M. A S.
A. A O.
M. A N.
J. A D.
F. A A.
J. A D.
A. A O.
total, 255 miles; opened for through business Get., 1882.
the 1st and 2d mortgage
1,
1911
April.
7~
2.000.000
which 40 per cent was
Los
4
3
0 g.
0
OAT
0
6
7
7
230,000
£200
£200
1880-81
205,174
V e-
Pledged.
1,000,000
320
.3,260,000
1,881,750
0
7
0
o g.
o g.
850.000
....
1870-80.
105.399
228.121
0
Jan.
do
Philadelphia Office.
Bank’g Co.
A.
A. A
M. A
M. A
Jan.
M. A
J. A
J. A
A. A
M. A
Stocks—Last
Dividend.
N. Y.,Corbin
do
do
do
do
do
do
do
Q.-J.
rj
1,000
1,000
1,000
1,000
1,000
1,000
do
N.
N.
N.
A
A
A
A
pal,When Due.
Payable, and by
Boston, Co.’a Office.'
A J.
A O
A J.
M.
M.
M.
F.
0
7
7
5
7
1856
1803
1381
1877
1868
1873
1871
1872
1879
l,f08.771
034,008
.
Ronds—Princi¬
Whom.
Q-F.
7
3,000,000
25,000,000
10,361,000
1,000
.
1
4
1.000
320
5,043.8 13
280,071
193.305
J.
500
1,237,837
507,055
.
4ia
600,000
312,009
150,000
550,000
1,032,680 1,102,404
531,307
403,078
Freight earnings
Miscellaneous earnings
2,640,100
1,000
Jefferson bonds and
the eonsoi
$
A
1,000
1878-70.
$
Earnings and Expenses—
Passenger earnings
J.
7
(?)
100
1830
7
1 106 000
.
Where
Payable
$1,871,500
10,000,000
175,000
150,000
1,121,500
268,935
3.051,000
(0
1,000
When
Rate per
Cent.
Outstanding
1 000
50
Engineer w*as published in Chronicle, V..35, p. 731, and gave gross
earnings, Ac., and comparative statistics as follows:
operated
Passengers carried, No
Freight (tons) moved
Amount
$500Ac.
„
^
N. Y. & Rockaway bonds agreed to exchange their bonds for
mortgage, bearing 5 per cent.
The annual report for 1881-82 from the returns to the New
Miles
[VOL. xxxvu.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
AND BONDS.
STOCKS
RAILROAD
xl
1879-80.
1880-81.
1381-82.
$3,297,310
$4,423,719
$-4,824,81 e
58,000
09,067
52,000
215,384
2,050,900
823,120
2,912,327
1,221,092
109,743
6,345
4,579,808
110,000
$3,1 L2,030
*$-4,407,748
$4,G89,308
Sur.185,274
Sur. 250,840
Sur. 135,008
$240,809 of this is to bo refunded to the L. A N. Co., and is included
$256,8 40.
-(V. 3 4. p. 80,11 4. 175. 210, 201, 292, 34 4, 453, 460: V. 35, p. 50, 88,
90, 103. 206. 373, 403.427.430, 431,497, 003, 037; V. 36, p. 169, 252,
399, 427, 453, 560, 707; V. 37, p. 99.)
Louise. N. Albany it Chic.—Dec. 34, 1882,'.owned from Louisville, Ky.,
to Michigan City, I ml.*, 290 m., Monon to Hammond, Ill.. 08 in.; Delphi to
Indianapolis, 79 ni; leases 17 m. or Chi. A \V. I ml. into Chicago—total
operated 45 4 m. A least*, for 999 years with Chic. A West, Ind. at $84,000
per year gives entrance to Chicago. The L. N. A. A C. was opened in 1852
amfsold in foreclosure Dec. 27,1872, and reorganized without any bonded
debt. In Aug., 1881, con. with Chic. A Ind. Air Line, aud stock increased
to $5,000.00i*, giving 15 p. c t increase to stockholders of record Aug. 31.
In 1880 the Co. sold tlie $3,000,000 of first mort. bonds to the stoekhold
ers at 20 cents on the dollar.
There are $000,000 car trust bonds.
In 18S2, on 390 miles, net receipts were $355,172, and total payments
$441,035, leaving a deficit of $85,803. The annual report for 1882 was
*
in the balance of
published in V. 37, p. 150.
Gross eamings
Operating expenses
1881.
1882.
$947,054
$1,382,974
717,082-*
1.009,537
$230,571
$355,511
204, 228, 055; V. 35, p. 161, 291, 545, 575; V. 36, p. 140, 510;
Net earnings
-(V. 34, p.
V. 3)
p.
150.)
Lowell it- Framingham— Sept. 30, 18S2,
owned from South Framing
liaui. Mass., to Lowell, Muss., 26 miles. On Feb. 14, 1830,'a lease of
the road to B. C. F. A N. B. Co. for 998 years and 4 months, from
Oct. 1,1879, was ratified. Sept. 10, 1881, sold at Sheriff’s sale and
reorganized under above name.
Stock, $500,000 5 per ct. preferred
ml $5u0.000 common; 1*4 per cent paid on preferred m June, 1883.
BONDS
RSAATILONCKDD
1A8ug3s.t],
STOCKS AND BONDS
RAILROAD
Subscribers will confer a great favor
explanation of column headings, Ac., see
on first page of tables.
Date
Miles
Size, or
Par
of
of
Road. Bonds Value.
notes
Louisville. & Nashville—'Continued)—
ist M., gold, on Soutlieast.& St.L.RE.,coup.or reg.
2d mort., gold, on Southeast. A St. Louis HR., cp.
Pensacola Div., 1st mort., gold
Mobile A Montg. Div., 1st M , ($2,950.000)
Pensacola & Selma Div., 1st M., gold ($1,248,000)
Pensacola & Atlantic, mort., guar., ($3,000,000)
Louisv. Cin. A Lex.. 1st mort
do
‘2d mort., coup., for $1.000,000
L. &N. mort. on L. C. A L., gold, ($3,208,000)
Car trust liens
Louisville New Albany d Chicago—Stock
Amount
Outstanding
208
208
45
180
101
185
175
1881
1881
1880
1881
1881
1881
1867
$1,000
$3,500,000
1,000
1,090
1,000
1,000
1,000
1,000
3,000,000
3 75
1877
100 Ac.
175
1881
1882
1,000
1,090
238
I860
158
1881
1,000
1,009
Mortgage, gold, on
446
26
21
43
351
301
1884
1871
1,000
1872
1.000
1872
1883
1860-1
1870
1868
'1871
1866
1863
104 Ac.
366
Chic. & Indianapolis Div
General mortgage
Lowell i£ tramingham—1st mortgage bonds
Lykens Valley—Stock
Mahoning Coal— 1st mortgage, coupon
i
Maine Central—Stock..
1st mortgage, consolidated
Bonds for Shore Line
Bonds ($1,100,000 loan) A. &. K. RR.
Extension bonds, 1870, gold
Maine Central loan ror $1,100,000
•
'
55
18
109
Leeds A Farmington
36
Portland A Kennebec, 1st mort.,
71
Railroad loan.
Androscoggin Railroad, Bath City loan.
30
extended
do
consolidated mortgage
Manchester & Lawrence— Stock
do
.
Manhattan lteaeh Co.—Stock
N. Y. Bnv Ridge A Jamaica RR., stock, guar
N. Y. it Man. Beach RR., 1st mortgage
..
.
14
1877
'
Co. (Limited), mortgage bonds
Jam. RR., 1st mort. (guar.) ..
Mdnnaltan Elevated—Stock, common
Stock, 1st pref.. 0 tier cent cumulative
Man. Beach Impr.
N. Y. Bay Ridge it
4
32
32
....
100
100
6
6 g6
r>
3
7
3
7
5
6
6 g.
7
6
6
6
6
5
7
6 g.
6
759,000
'
1,190.009
496,500
756,800
633,000
425,000
217,300
1,166,700
1,000,000
4,680,000
:
1&79
3,000,040
6
7
500,000
600,000
1,486,000
3,604,300
3.905,509
100 Ac.
500 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac
100 Ae.
100
500 Ac.
500 Ac.
500 Ae.
6
1,0. >0,000
..
100
1865
Pledged.
Pledged.
2.900,000
892,000
Pledged.
2,004,000
5,000,000
2.300.004
20
71
26
cr
6 r-»*
3 g.
6 g.
6 s-
690,000
100
.
Rate per
Cent.
Pledged.
097881
1st mortgage
notice of any error discovered In tliese
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
by giving Immediate
fPOL. XXXVII.
7
7
7
7
300,000
500,000
1,000,000
200,000
13,000,000
6,500.000
When
Payable
M.
M.
M.
M.
M.
F.
J.
A.
M.
A.
Where Payable, and
Whom.
Tables.
Bonds Princi
pal,When Due*
by
Slocks—l^ast
Dividend.
A S. N.Y., Drexel, M. A Co. March 1, 1921
March T, 1980
do
do
A S.
Mar. 1, 1920
do
do
A S.
A N.
New Y’ork Agency.
May 1, 1931
Mar. 1, 1931
do
do
A S.
A A. N. Y., Hanover Nat Bk.
Aug., 1921
Jam. 1897
A j. N. Y., Drexel. M. A Co.
1907
do
do
A O.
Nov. 1, 1931
New York Agency
A N.
1883-89
A O.
Philadelphia.
•
A J. N.Y., Nat. Bk. Commerce
do
do
A A.
do
do
A. A 0. Best.. Hide A L.Nat.Bk.
New York. Treasurer.
Q.-J.
J. A J. N.York, Union Trust Co.
F. A A.
A. A O. Boston, 2d Nat. Bank.
J.
F.
July 1, i910
Aug. 1, 1911
1888
....
M’nthly Boston. 2d Nat. Bank.
A. A O.
J. A J.
J.
A
J.
Q.-J.
A O.
A. A O.
M. A N.
A
do
da
do
do
Portland, 1st Nat. Bank.
Boston, 2d Nat. Bank.
Manchester and Boston.
do
do
do
do
Oet.
A J. N. Y., Corbin
do
M. A S.
do
J. A J.
J.
1*2
April 1, 1891
April 3, 1883
Jan. 1, 1902
Aug. 15, 1883
April 1, 1912
1S90 to
1*891
Oet., 1900
July', 1898
J ul v, 1891
July, 1891
Oet. 15, 1883
Anril 1.- 1895
May 1. 1883
Oet., 1882
Bank’gCo
do "
do
Jam
July', 1896
•July
Q.-J.
1, 1897
March, 1909
2. 1883
tween the Metropolitan and Manhattan representatives, by which it was
Lykens Valley—Dec. 31, 1882, owned from Millersburg, Pa., to Wil provided that the Metropolitan Company should have a preference over
liaonstown, Pa., 20 miles; branch, 1 mile; total operated, 21 miles. A the Manhattan to the extent of 6 per cent out of its own earnings, and
coal road leased and operated by the Northern Central Railroad since in consideration of this to relinquish all claims to any* proportion of the
July', 1880, and previously by the Summit Branch RR. The lease is for surplus of either road, thus giving to the Manhattan Company a olaiin
999 years from March 1, 1800, and the rental is $62,500 per annum.
to two thirds of the surplus earnings, its-own share and that of the
Mahoning Coal.— Dec. 31, 1882. owned from Andover, O., to Youngs
Metropolitan Co. This was further supplemented by' an agreement of
town, Oi, 38 miles ; branches to coal mines. 5 miles; total operated, 43 Nov. 14, 1881, for the surrender of the stocks of the other companies
miles. It was opened May l, 1873, and leased for 25 years from that and the issue of new stocks by the Manhattan Company, as follows:
date to L. Sh. Sc Mich. So, RR., at 40 per cent of gross earnings. Capita) To New York Elevated stockholders, $6,500,000 of first preferred 6 per
stock is $1,373,000. Tne L. S. Sc M. S. Co. holds $399,000 of the bonds cent, stock cumulative; to Metropolitan stockholders. $6,500,000 second
purchased under the agreement of lease. Net earnings in 1880 (40 per preferred 6 per cent stock not cumulative, and to Manhattan stock¬
holders. $13,000,000 of com non stock. (See full contract, V. 33fq>. 560.)
oent of gross), $85,391, and in 1881, $88,583 ; in 1882, $95,189.
Maine Central— Sept. 30, 1S82, mileage was as follows: Main line, The N. Y. Elevated stock was mostly surrendered ami exchanged, but
Portland to Bangor, Me., 137 miles; branches, Cumberland Junction to Metropolitan stockholders' held out against it, and after a long contest
Waterville, 73 miles; Crowley’s Junction to Lewiston, 5 miles; Bath to the Manhattan party was defeated and ttie Kneelatid party'elected their
Farmington, 74 miles; Waterville to Skowhegan, 18 miles; total owned, directors in November, 1882. Finally' another agreement was proposed.
307 miles. Lease ), Belfast to Burnham, Me., 34 miles; Newport, Me., to (See V. 36, p. 163.)
The report for year on ling Sept. 30, 1882, showed gross receipts of
Dexter, Me., 14 miles; total leased, 48 miles. Total operated. 351 miles.
N. Am. road, leased. 114 m.
Androscoggin A. Kennebec
Railroad and the. Penobscot- Sc Kennebec. In August, 1873, the Port
land Sc Kennebec, Somerset & Kennebec and Leeds Sc Farmington rail¬
roads were also consolidated with the Maine Central The. annual report
was published in Yr. 35, p. 735.
The ending of the fiscal year was
changed in 1881 from Dec. 31 to Sept. 30. The report had the following:
1 *81-82.
On Oct. 1, ’82, began to operate the Europ .v
This was a consolidation in 1862 of the
IS 80-6 1
Total gross
earnings
Operating expenses,
Net
....
,
$1,677,079
1,224,3)7
including taxes....
earnings
Ueccipts—
Otker receipts
Total income
Disb n rse men ts—
Rentals paid
Interest on bonds
Dividend**
Total
Balance
disbursements
.—
....
$717,721
$617,702
$717,721
8,056
5,368
$656,378
$7-3,0S9
$54 000
570,166
$54,000
569, *42
71,822
$624,166
$31,912
$695.36 1
$27,725
—(V. 34, p. 31; V. 35, p. 160, 7 35 ; V. 36, p. 75 )
Manchester d Lawrence.—1 larch 31,1883, owned from Manchester,
H., to Methuen (State Line), 22*4 miles; leased, Methuen Branch
N
of the
Boston & Maine Railroad, 3% miles; total operated, 26 miles. Road in
operation since 1819.
Formerly operated with The Concord RR.
as one
line, on a division of joint earnings. Methuen branch is
leased at a rental of $11,000 per annum. Company lays claim to a two-firths interest in the Manchester A. North Wearc RR., which is operated
bv Concord RR. Ten per cent dividends are paid. Gross earnings'in
1*883-82, $199,848; neL $0)0,199. In 1882-83, gross, $180,498; net,
$100,250. (V. 34. p. 603 ; V. 36, p. 569, 650. 675 )
Manhattan Beach Company.— A
mode in February, 1880, of
was
consolidation under the above title
the New York Sc Manhattan Beach
Improvement Company' and the Marine
of the new company', amounting to
$4,680,000, embraces the stocks of all tho other eompan.es converted
into it, and the Manhattan Beach Co. holds those stocks in its treasury,
except tiie New York Sc Manhattan Beach Railway preferred stock,
as also $390,000 2d mort. bonds of the New York Sc Manhattan Beach
RR. The New York Bay' Ridge A. Jamaica, Railroad is leased and the
In December, 1881, a lease of the
bonds and stock are guaranteed.
New York A Manhattan Beach Railway was made to the Long Island
RR. for 35 j). et. of gross earnings to the lessor, hut the sum of $97,500
per vear is guaranteed to pay all annual charges.
(V. 33, p. 612; V. 36,
Railway, the Manhattan Beach
Railway' Company. The stock
p.
Taxes..
Net
earnings
313.)
Manhattan Elevated .—Tins, was a corporation formed to lease and operate
the two elevated railroads in New York City.
Its capital stock was
$13,000,000, and it was to pay the inte-vest on the bonds of the two
clpvatcd roads and certain dividends. The .original lease guaranteed
10 ner cent per annum on t‘:e. stocks, but this lease was amended in
October, 1S.81, by the agreements made substantially as follows: 1. A
trip irtit-e agreement among the three, companies that the indebtedness.
of:tlie Manhattan Company to the Metropolitan and New York be can¬
celed, except that the New York company' should receive tneir divi¬
dends due in July' and October, and the interest due J d.v 1 on the New
York bonds, the interest on tile Metropolitan bonds also to be paid, but
no back dividends on Metropolitan stock; tin* claim of the Manhattan
Company'against the other two to be-withdrawn; and then the net
earnings to be distributed as follows: First, 6 per cent on New York
stock, then 4 per cent on Metropolitan stock, provided that mud should
—
•
-—New York Com pan v.—n
Gross
Passengers.
Year.
Metropolitan.
$3,216,369
$1,841,690
208,463
Working expenses
1.359.373
$617,722
N.Y. Elevated.
G ross ear nings..,
$2,07 7.09 1
INCOME ACCOUNT.
Net earnings
both roads to be as follows:
Earnings.
$2,757,264
$1,823,6.80
202.088
$2.015,768
$2,052,153
$731,496
$1,163,216
.—Metropolitan Company'.—*
G ross
Passengers.
Earnings.
16,1 <59,269
$1 287,336
29.875,912
$2,239,189
2,021,190
25,917,51 1
2.591,785
3 1.91 1.243
2.169,444
31.198,929
41,080,84 >
2.811,631
For the combined roads the summary'statement for each of the four
years up to Oct. ■, 1884, was as follows;
Eeriod
1878. to Sept. 30,
Lassen gers.
Beceipts.
4*,015; 181
$3,526,825
1879
09,83 t .757
4.612,975
Oct. 1
1879, to .Sept. 3 ), 18-0
7 7),5 *5,778
5,311,075
1 *-0. to 8e.pt 34, 168 1
Oet. 1
1881. toSept. 34. 1882
6q,30i,029
5,973,633
Oct. 1
—(V. 35, p. 50. I «»2. -I 32, 1 So. 347, 405, 413, 456, 5 15. 575, 658, 706 ;
V. 3(5, p. 56, 93.169, 252, 365, 453, 167; V. 37, p. 23, IS.)
Marquette Houghton d- Ontonagon.—Dee. 31, 1882, own< d from Mar¬
quette, Mich., to L’Aiiho, 63 miles; branches, 36 miles; total operated, 99
miles.
An extension t * Houghton, 31 miles, is building, and carries a
land grant of about 80000 acres. This was a consolidation Aug. 22,1872,
of the Marq. Sc Out. R’y and the Iloughton Sc Ontonagon Railway'.
The
company' made default on its bonds, and issued ti e /present 6 per cent
bonds in exchange for prior 8 per emit bonds. In Jan wiry'. 1883. consoli¬
dation was made. with the. Houghton Si. L’Anse RR. Stock is $2,806,600
common, and $2 2 *9,000 preferred.
(See V. 36, p. 80.) A 4 percent
dividend was paid in August. 1883, on pref. The lands amounted to
125,000 acres, mostly timber and mineral lands, and in May, 1881,
were sold for $2,500,000, and $1 759.000 6 per cent bonds called in.
In May, 1881. a circular was issued offering to stockholders the privi¬
lege of subscribing to the stock of a land company, and in Jaa., 1883,
subscribers for $1,009 6 percent bond received a bonus of live shares
of sloe a.
Operations and earnings have been :
Net
Gross
Passenger
Freight (ton)
Oct. 1
Earnings.
Earnings.
Mileage.
Mileage.
$277,157
$552,671
15,124.330
1,13<),o78
405.719
771.538
20,804,176
1,015,403
433.756
893,638
24,477,933
2.033,885
623,176
1,176,192
31,337,027
2.0 0,957
510.;
-(V. 3 ■*», p. 50, 31 7, 5 I64 V. 36, p. 30, 56. 80, 1
Massachusetts Central.—Boston, Mass., to Northampton, Mass., 104
miles; branch,5 3 miles; total as projected. 117 miles. Leased to Boston
Sc Lowell for 25 years, at a rental of 25 per cent of gross earnings,
Years.
1879....
1889....
1881
1882
...
.
.
.
.
Miles.
88
88
99
99
completed as speei ed. Stock, $4,500,000. In April, 1882,
became embarrassed; trustees took puss' ssion May, 1883;
trains w* re taken off; tercel ••sure noticed. In 18*1-82 gross earnings
on 27 m 1 s were $8
.08 > ; deticit, $41.3 IS. (V. 34. p. 574, 637 ; V. 35,
I*. 78, 132, 130. 5 1.*; V. 36, p. 149. 310,454, 479.510,5 .6,541,590.)
Memphis d- LW!e Hoc/:.—Dee. 31. 1882. owned from Little Rock,
Ark., to Memphis. Trim., 13** mites. Default was made November, 1872,
and the property' sold m foreelomire. The new company also defaulted,
and the, road was sold and reorganized April 28, 1:877.
The stock is
$1,500,009.
m 1889 gross earnings were $658.852; v.et earnings
$34 .949; in 1661, gross $765,610; net, $189,513. In 1882 gross
and to he
company
The company has aland grant from
had been certhis company
was purchased by the St. Louis Sc Iron Mountain, anti on Jan. 1, 1882,
tiie coupons were permitted to go to default, but afterward the coupons
earn it; then 4 per cent on Manhattan stock, and then all the remain¬
were pai 1.
F. A. Marq mind is President, New York City. (V. 34 p.,
ing surplus to be equally divided between the -three parties to the com¬
204, 265, 292, 378; V. 35, p. 22, 545, 575; V. 36, p. 29, 140.)
pact. 2. A supplementary contract was made immediately after be¬
irnugs,
Congreve
niird to
e
$704,941; n d. $45,9 14.
of 1,990,090 acres, of which about 150.000 acres
it to J me 34. 1881. In April. 1880, control of
xliii
AND- BONDS.
STOCKS
RAILROAD
August, 1883.
by giving immediate notice oi any error discovered in tliese Tables*
Subscribers will confer a great favor
’
Miles
of
Road.
of column headings, <tc., see notes
on first page of tables.
For explanation
■
-
Date Kize, or
of
Par
Bonds Value.
32
Outstanding
Manliut’n).
New York Elevated, 1st mortgage, gold
Marquette Jl. <t O.—1st mort.,M.&0., coup
1879-20
M. II. &O. mortgage...
Bonds for Extension, &c
Mass. Central—Mortgage bonds,
gold
Memphis d Little Iik —1st M. (paid .$50,000
1878
1879
1876
14
1st mortgage
2d M. (guar, by
do
do
$100
3 8
50
90
|
1872
1878
1883
188)
1877
1877
117
133
yearly)!
133
General roort., land grant, (s. f. $10,000 al ter ’82)1
Memphis d Charleston—Stock
j
1st mortgage, Ala. <fc Miss. Div. (extend, in 1880).
2d mortgage—
Consol. M.,g. ($1,400,0001st M. on 91 m. iuTenn.)
Mexican Central (Mexico.j —1st M. ($32,000 p. m.).
Income, conv., not cumulative, reg. ($f>.4'’0 pan.)
Mexican Rational Railway (Mexico).—1stM., gold..
Mcx. Oriental Inter, d: Inter'l—Stock ($20,000 p.m.)
O
*
\t >
i 85 1
1807
1877
1881
381
-
658
Michigan Air Line mortgage..
do
do
1st mort.,assumed byM.C
M. C. bonds, mort. on Grand Uiver Valley HE.
Kalamazoo & South Haven, 1st mort., guar
do
do
2d mort., guar
Grand River Valley, stock, guar..
do
1st mort., guar
Detroit & Bay City 1st mortgage, endorsed
Mort. on Detroit it Bay City Railroad
1SS1
—
■
..
82
39
39
84
84
1 45
145
116
1.000
Rate per
Cent.
18 7’2
1870
1870
187!)
When
Where
pal,'When due.
Slocks—Last
Dividend.
Payable, and by
Whom.
Payable
1,000
1,000
1.000
1.000
250 Ac,
250,000
5,312,725
1.000
1.204,000
1,000.000
1,958.000
21,050,000
4,ODD,000
14,330,000
(?)
T 8,738,204
10,000,000
1,900,000
200,000
500,000
1,000
1,000
236
298
1,000
1,000
1,000
1.000
1,000
1,000
1 800
300
1,000
„
1,000
7 g.
7
.
Memphis d Charleston.—June 30, 1882. owned from Memphis to Stev¬
Ala., 272 miles; branches—to Somerville 13 miles, to Florence 5
miles; leased, Stevenson to Chattanooga, 38 miles; total operated, 328
miles. This road was leased dune 2, 1877, to the East Tennessee Vir¬
ginia & Georgia Railroad for twenty years from July 1, ls77. The
lessees were to operate the road on their own account and apply the net
earnings to interest and pay the balance, if any, to the lessors. The
lease was terminable on 0 moiitli.s’notiee and was modified in December,
1879, the M. «t C. Company giving up their right to terminate I lie lease,
and the lessees agreeing to buy tiie coupons for three years following in
case the M. & C. earnings should be insullicient to pay them.
Of the new
consolidated mortgage, $1,100,000 is secured by the old Tennessee State
lien for $1,730,900. assigned to a trustee. In 1882 the stock was to be
sold to the East Tennessee-Virginia & Georgia, but tiiis failed, and
then the lease to E. T. Va. & Ga. was to be bought out by this company
and canceled, and new stock to amount of $5,312,725 was to be issued
for this purpose at 12 per cent of its fare value to stockholders of record
Oct. 10, makingtlie out stock a,prel'cm’d issue.but obstructions occurred.
Sec references below to the Chronicle. Earn’gs tor tour years past were:
Years.
Miles. Gross Earn’gs. Net EarnAs.
292
292
187S-9
A
328
’
$802,513
1.003.271
1,3 12,082
$231.0:) 8
202,924
511,315
283.011
1.323,014
—(V. 34, p. 2G5, 292, 409. 714; V. 35, p. 189, 212, 230, 298, 373, 405,
431, 510, 002 ; V. 30, p. 81, 108, 170, 190.)
.Mexican Central (M/a/Vo,).--January, 1885, had built from Mexico Oil>
north, 321 miles;
El Paso del Norte southward, 205 miles, and 00
miles of Tanipico Division; total. 0 10 miles. Underlie* management of
Boston capitalists. Whole line when completed will be (1) the main
line, from the City of Mexico to El Paso; p2) from-Tampico westerly
through 8an Luis*t-o the main line; (3) from the main line to the City of
Guadalajara, and J hence to Pacific Coast at Kan Bias. The company has a
subsidy from the.Mexican Government of $15,200 per mile on most of
328
the lines, which’the Mex. Gov’t issues to tile C<>. as the ro id is accepted,
in “certificates of construction of the Central R’y, to lie redeeme l with
maritime ami frontier custom¬
houses of flic Republic.” The subvention ou l lie. main line will be about
$19,000,000. The first mortgage bonds were issued thus: $5,000 witli
$1,000 income bond and 10 shares of stock for $ 1,250 on the first sub¬
scription, $4,500 on the second, and $1,750 on tin* third. The income
Oper cent of all duties produced at the
into stock at par.
The stock authorized is
Thus. Nickerson, President, Boston. See V. 35, p.
51(5, and report for 1882 in V. 30, p. 398.
fV. 34, p. (51, 117, 20-1, 291,
344,407, 435; V. 35, p. 132, 320, 348, 478, 51(5, 515; V. 36, p. 108,
140, 252, 280, 398, 47)1, 590 ; V. 37, p. 99.)
Mexican National Railway {Mexico).—This is tlie road building from
Laredo to City of Mexico, 817 miles, and Mexico City to Manzanillo,
with branches to El Salto, Zacatecas and Matamoras,under the Palmerarc
convertible
per
mile.
N. Y., Mercantile Tr.Co
do
do
do
do
Boston, N. Eng. Tr. Co.
do
do
do
do
Boston and New York.
& J. N.Y./M'ctropolit’u N.Bk
do
<fe J.
do
do
‘do
As J.
A J. N. Y., Winslow. L. it Co.
do
li
Grand Central Depot.
Q.-F.
M. & N. N. Y., Jnion Trust Co.
r* o
J. it J.
00
do
M. *& N.
do
M. it 8.
do
do
do
M. A N.
do
M. A N.
do
do
do
do
J. it J.
J. it J.
do
do
do
M. it N.
do
M. it S.
do
do
do
do
J. it J.
5
do
J. it J.
do
do
M. it S.
do
M. A S.
do
7 A 5
r!
8
6
8
8
2
8
8
5
8
’-j
8
8
1,100,000
6
2, 1883
2, 1882
July. 1908
Nov. 1, 1899
1906
1.
Jan.
Juiiel, 1892
Mar. 1.
1908
Junel,
Jan. 1.
1923
1900
N.Y.. 11. Talmadge- it Co. Yeai*ly-’81-’83
J uly, 1907
N.Y., Treasurer’s Oiliee.
A. A O. NAY.
.
enson,
pm*
J.
J.
J.
J.
’Jan.
Oct
New York, Office.
o g-
943,000
1
O.—J.
J. it J.
M. it N.
J. & J.
J. A D.
M & S.
J. A D.
J. & ,T.
M.
N.
Janu’rv
July I
3,576,000
1,100,000
171,000
1,000
1S50
i
491,200
1.000,000
424,000
.
1,000
1,000
7
010.000
70.000
3 .000
1871
c»
6
7
8
6
(5
6 g.
8
8
2,000,000
25
Q.-J.
lb
1As
{
)
8,500.000
1,427,500
570,200
988,000
3,500,000
1.000
100 Ac,
1809
1870
1872-3
1881
1 805
18(57
nnri non
JpUj jUv/,vUU
10,818,000
2.000,000
3 .000
ioo
9 j*)
270
103
10
Consolidated mortgage ($2,000,000 are Os)
$32,0b0
r
1,000
...
Michigan Central— Stock.
Jackson, Lansing <fe Saginaw 1st mort
do
1st mortgage
do Cons. m. on whole line (300m.)
do
do
do
\
100
Metropolitan Elevated, stock
bonds
Amount
— i
-—
Manhattan Elevated— (Continued) —
Stock, 2d preferred (not cumulative)
•
Bonds—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
1879.
Office, 47 William.
18.80.
Jan. 1. 3 915
Jan. 1, 1885
Jan. 1, 1915
July 1, 1911
July 1, 1911
July 1, 1912
Aug. i. 1883
May 1,1903
Jan.
1,1890
Nov.
1, 1890
1909
Nov. 1, 1889
Nov. 1. 1890
July, 1883
July 1, 1886
May 1,1902-3
Mar. 1, 1931
July 1, 1885
July 1. 1885
Sept, 1, 1891
Sept. 1, 1891
1831.
1882.
Freight (tons) mileage'721,019,413 7’35,611,935 790,022,930 703,241,320
0*718 cts.
0*772 cts.
Av. rate*$ ton $1 mile
0*692 ets.
0*812 ets.
$
$
$
$ r
Earnings—
2,062,265
2,461,771
2,812,706
3,146,309
Passenger
5,426,455
6,195,971
5,675,731
4,986,988
Freight
297.541
312,050
293,633
340,317
Mail, express, Ac
Total gross earnings.
8,800,487
8,913,091
7,316,794
8,951,375
() pern tin g Expo i scs
$
$
$
$
Mnint, of way. etc
1,758,084
1,220,536
904,613
1,627,910
Maint. of equipment.
670,006
825,196
1,170,105
623,730
Trans port’ll expenses
3,121,704
2,455.101
3,431,244
2,824,901
i
215,802
222,853
197,255
201,682
514.103
820,053
631,935
398.900
4,099,592
5,738,751
6,732,096
2,068,391
6,671,726
2,241,355
1881.
1882.
Miscellaneous*
Total
■
3,212,024
2,647,202
74*85
64*11
76*50
63*97
<*t.op.exp. to earn’gs
includes legal expenses, rentals, loss and damage or frei glit, injuries
t o persons, car nnloag e. commissions, and several small items.
Net earnings......
....
P
*
INCOME ACCOUNT.
187!).
1880.
'
$
ReceiptsNet earnings....
Interest it dividends.
Total income
Disbursements —
Rentals paid.
Iuteri st on debt
Dividends
Do
rate per ct..
Miscellaneous
Total disbursem’ts.
Balance, surplus
2,617,202
68,63 i
1
2.715,830
$
IK 1,310
1,103,4 72
"
1,030,601
5 Je
-$
$
2,068,391
133,845
2,241,355
3,3 16.998
$
2,202,236
2,309,306
$
184.310
184,310
3,385.120
1,503,010
$
184,310
1,617,061
374,764
$
3,212,024
1.14,374
,
1,499,056
8
468.455
2Ai
127,951
2
70,000
2.61 8,383
3,138,480
2,161,381
2,176,135
97,453
208,512
40,855
193,171
The Jackson Lansing it Saginaw debt is assumed by Michigan Central,
which also pays $70,000
year on the stock of $2,000,000; tlie pro¬
ceeds of J. L. A S. lands go to pay bonds, and in 1882 sales amounted
to 30.;*73 acres, for $412,562 ($501,669, including timber), leaving
acres unsold, valued at $2,499,427.
Interest was passed on
the Dot. A B. C. bonds, not guar., Nov., 1875, and sale was made Feb. 12,
1880, for $3,625,750. In Mar.,’81. the Mich.Cent, bonds for $ 1.000,000,
secured bv mort. on that road, were issued. (V. 34. p. 518, 617, 637; V.
35, p. 22. 431, 456, 570, 729;-V. 30, p. 300, 508, 06 i, 707; V. 37, p. 117.)
333,257
Michigan d Ohio.—This road is completed from Grand Haven, Mich.,
Toledo, O. rt is constructed by a N.Y. s; ml ten to, much on the famous
Nickel-plate.” arrangement, ami each subscription of $16,500 in cash
Sullivnn concession from the Mexican Government, of winch about 1 50 was t<» receive $15,000 1st mortgage bonds, 150 shares of preferred
were finished by Jail., 1883.
This includes a subsidy of$: 1,270 per and 250 shares common stock. (V. 30, p. 300, 590; V. 37, p. 75, 99.)
mile of road secured by 0 per cent of the. Government receipts from
Middletown Unionrillc d Water (lap.—Dee. 31, 1882, owned from Mid¬
customs. Statements at some length as to the company's affairs were
dletown. N. Y., to Uniofiville, N. J. State Line, 13 miles.
Is controlled
in the Chronicle, V. 33, p. 717; V. 34, p. 201. Bonds for $l,()oo by N. Y. Susquehanna & Western by ownership of stock.
(V. 37, p. 23.)
witli stock for $1,000 were issued for $1,050 cash.
Stock outstand¬
Midland North Carolina.— Jan. 1, 1882, owned from Morchead City to
ing June, 1883, was $22,500,000; par $100.
The road is built Goldsboro, 95 miles, and constructing to Salisbury, 150 miles further;
by the Mexican National Construction Co. In Texas 107 miles of t he built by tin', Midland Improvement and-Construction Co. Total project¬
Texas Mexican Road from Corpus Christ i to Laredo connect with this ed lhm is 505 miles.
.Stock, 5,000.()b(). American Loan & Trust Co.,
road and are operated with it. In 1882 gross earnings were $1,007,852 ;
Boston, is trustee. (V. 34, p. 401 ; V. 35, p. 51, 574, 700 ; V. 37, p. 151.)
net, $151,205. (V. 34, p. 204, 231, GDI; V. 35, p. 50, 103, 205, 29 i,
Milwaukee Lake Shore d Western.—Dec. 31, 1882, owned from
320; V. 30, p. 81.)
Milwaukee, Wis.. to end of no thorn division 251 miles, of which 4
Mexican Oriental lntcroceamr d International.—This
company is miles were leased
; branches— Hortouville to Oshkosh. 23 miles; Mani¬
onned to build from Laredo to City of Mexico, 009 miles, in connection towoc to Two
Rivers, 0 miles; Eland Junction,.to Wausau, 23 miles;
with the Gould system ol roads terminating at Laredo, and a traffic
Antigo to Bryant, 5 miles; Monico to Rhinelander, 16 miles; total
agreement from them of 25 per cent of gross earnings, See V. 34, p. operated, 3*22 miles. The old company defaulted on ils bonds in Decem¬
605. The Mexican Government grants a subsidy which it is said will
ber. 1873. and on December 10. 1875, the property was sold in fore¬
net-$12,000 per mile. See circular of Mr. Gould, as President of Mo. closure and purchased by bondholders.
The reorganized company
Pacific, in V. 33, p. 087, 716. (V. 34, p. 189, 605 ; V. 35, p. 320).
Has $5,009,000 preferred stock and $1,000,000 common.
A consoli¬
dated mortgage for $5,000,000 is issued to takeAip all other debts, and
Michigan Central.—Ore. 31, 1882, owned from Detroit, Midi., to Ken
sington, Ill., 270 miles ; used Jointly wit li Ills, (’mitral, Kensington to tiie balance for extensions, Ac. Prof stock lias a prior right to 7 per
Chicago, 14 miles; leased lines—Michigan Air Line, 101 miles; Jackson cent from net earnings. The annual report for 1882 was given at Rome
Lansing & Saginaw, 300 miles; Grand River Valley, 84 miles; Kala¬ length m V. 36. p. 6 b. In 18-B gross earnings. $637.185; net, $212,.
mazoo & South Ifaven, 40 miles; Joliet it Northern Indiana, 45 miles;
659.
In 1882 gross receipts $909,907; net, $331 ,k(>3 ; interest. $199,Niles & New Lisbon. 11 miles; Detroit it Bay < ity Jioad, 145 miles; 071; surplus, $132,792 ; interest on income bonds, $ >0,000. (V. 34 p.
total operated. 1,013 miles. In Nov., 1882, a close contract was made 115. 117. 655,713; V. 35,p. 189. 373, 374, 431,4^7, 576, 677,706;
with Can. South’ll for working its mad by the M. C. and the division of V. 36. p. 619.)
net profits over all charges—one-third to C. S. and two-thirds to M. C.
Milwaukee d Lake Winnebago—Tire. 31. 1882, owned from Noon ah to
The approximate income statement for first six months of 1883 (V. Schh
isiiigei ville, Wis. Built in 5 882 and leased for 99 years to Wiscon¬
36, p. 707) showed net, balance of $362,146 over all charges, being sin Central at 37]2 per cent of gross earnings uis rental; but after
equal to tiio 3 percent divid -lid of Aug. 1, and $03,854 over.
$. 75,"00 per year is received the balance of net earnings is to be equally
The annual report for 1882 in V. 3o, p. 508. had the following :
divided.
Pref. stock, 6 per cent cumulative, $780,000; common stock,
OPERATIONS AND FISCAL RESULTS.
$520,00*); par of shares, $100. (V. 36, p. 196.)
Operations—
1879. *
1880.
1882.
1881.
Milwaukee d Northern.—Jan. 1, 1883, owned from Green Bay, Wis.,
Passengers carried. ■„.
1,445,655
1,699,810
2,079,289
2,36^,Ql2
93,232,430 115,523.789 135,706,148 112,237,961 to KcJiwartzburg, Wis.. 104 miles; branches—Mcnasha and Appleton to
Passenger mileage
HillUert, Wis., 22 miles; Wisconsin & Michigan Railroad, Green Bay
2*07 cts.
2*21 ets.
2*21 ets.
2*13 cts.
Rate* pass’gcr^ mile
3,797,137
4,196,896
3,913,869 to Coleman 41 miles; total operated, 1/7 miles. On June 5, 1880, foreFreight (tons) moved. 3,513,819
...
to
‘•
xliv
EAILEOAD
Snbscribers will confer
a
on
Miles
headings, Ac.,
first page of tables.
see notes
Date
of
of
Road. Bonds
Michigan £ Ohio—
13
....
100
300
m
Southwestern extension
Lake Superior Extension
2d mort. bonds, income, 5 A 10 years
1st mortgage, gold, Pacific Extension
Mississippi £ Tennessee—1st mortgage, series “A”.
1st mortgage, series “ B,” (a second lien)
on
on
Consolidated mortgage, gold,
2d
on
road and laud...
mortgage, income (interest cumulative)
Booneville Bridge bonds, gold, guar
General consol. M..gold (for $15,000,000)
East Line A Red River
Hannibal A Central Missouri, 1st mortgage
Intermit. A Gt. North’ll, 1st mort., gold
Colorado Bridge bonds
m
120
07
27
93
15
102
300
53
Improvement and equip, mort
lstm., gold, sink, fund, on road and land (U.P.S.Br)
1st mortgage, gold (Tebo. A Neosho)
m
05
June.
1st mortgage, Merriam Junction to State Line'..
1st mortg., Minneapolis to White B. Lake, guar..
1st mortgage, gold, coup. (Al. Lea to Fort
Dodge;
Missouri Kansas £ Texas—Stock
m
....
Minneapolis £ St. L.—lRt M., Min. to Merriam
do
Size,
21
172
92
100
100
1,441
182
100
780
780
....
1,370
$....
1800
1881
1879
1S31
1881
1882
1882
1882
1830
70
770
770
990
283
3,642.000
1.000
500.000
170,090
1,000
1,000
1,000
1,430,000
520,000
2,155,000
4,022,500
455,000
50
....
1877
1877
1877
1379
1882
1880
1380
1881
1881
1877
1877
1,000
500 Ac.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Schuylkill
owned main
line, Minneap¬
olis to Angus, 200 miles; Pacific Division.
Hopkins to Morton. 92 miles;
Kalo Branch, 2 miles; total operated, 351 miles. Since close of
year
lias acquired the Minnesota Central RR., 00 miles. In
June, 1881, a con¬
solidation was arranged with $2,000,000 of stock. (See V.
32, p. 013.)
Gross earnings for year 1831 were
$1,071,183; net. $205,805.
In
1882 gross, $i,*43,172; net, $321,057 The bonds of the
$1,100,000
moil (1877), numbered from 1.101 to 1,400, for
$500 each ($150,000
In all), are guaranteed by the
Burlington Cedar Rapids A Northern
Railroad. The bonds on the 15 miles were issued
by the Minneapolis
& Duluth Railroad before it was absorbed
by this company. Preferred
stock of $8,000,000 is authorized and
$1,000,090 issued; common stock,
$12,000.(100 autboiized and $5,752,000 issued; par of both $100 per
•bare. The projected Southwestern extension runs from
Fort Dodge,
la., towards Kansas G’itv, Mo., 325 miles, with a branch to Council
Bluffs, 140 miles. W. I). Washburn, President. (V.
31, p. 02, 521, 518,
549; V. 35, p. 405, 577, 037, 700.)
Mississippi £ Tennessee— September 30, 1882, owned from Grenada,
Miss., to Memphis, Team., 100 miles. Capital stock, $825,100. Debt
•
consolidated as above in 1877.
Earnings for three years past
1879-80, gross, $525,489; net, $209,379; 1880-81. gross,
$492,186; net, $194,340; 1831-82, gross. $400,051; net,
59; V. 35, p. 657
£
;
V. 37, p. 151.) *
Texas— (Sec Map
$152,492.
(V. 34,
Page xlv.)—June 1, 1S83,
owned from Hannibal,
Mo.,toDenison,Tex., 570 miles; branches, Holden*,
Mo.,toPaola, Kan., 54 miles; Parsous, Kan., to Junction City, Kan., 157
miles; Whitesboro, Tex., to Ft. Worth, Tex. (leased), 71 miles; Fort
Worth, Tex., to Taylor, Tex., 103 miles; Denison. Tex., to Gainesville,,
Tex., 41 miles; Denison to Mincola, Tex., 103 miles; Denton, Tex
to
Dallas, Tex., 39 miles; Miller Junction, Tex., to Belton, 7
miles; Trini¬
ty, Tex., east, 07 miles; coal branches, S miles; Jefferson, Tex., to .Mc¬
Kinney, Tex., 155 miles. Total, 1,441 miles. International A Great
Northern, from Jxingvicw, Texas, to Houston, Texas, 232 miles, and
Palestine, Texas, to Laredo, Texas, 415 miles;
branches—Longview to
Jarvis. 29 miles; Houston to Columbia, 50
miles; Phelps to Huntsville,
8 miles; Mincola to
Troupe, 45 miles; leased—Round Rock to George¬
town, 10 miles; Henderson to Overton, 10 miles; leased Gal. II. & II.
road, Houston to Galveston, 50 miles; total operated 820 miles.
The Missouri Kansas A Texas
Company was organized April, 1870,
and embraces by consolidation the Union
Pacific—Southern Branch, the
Tebo & Neosho and other minor
companies. In 1874 the Hannibal &
Central Missouri was purchased, and
it has also $32 000 second
mortgage 7s, due 1*^92.
The company made
default on their
consolidated bonds in Dec., 1873, and was
operated by a Receiver from
Dec. 30,1874, to July 1,1870, when the Union
Trust Company of New
York took
,
possession.
The election of Mr. Gould
as
President took
plaoe in January, 1880. On Dee. 1, 1880, the company fook
possession
paying the overdue coupons. The Missouri Kansas A
of its property,
Texas bonds and Union Pacific Southern Branch bonds till
1881 received
5 per rent only in cash and balance in
scrip. The company had a land
rant from the United States estimated at
817,000 acres and from the
tate of Kansas 125,000 acres. There is also a
grant in the Indian
Territory of 3,022,400 acres subject to the extinguishment of the
Indian title. The Booneville Bridge
Company is a separate, organiza¬
tion, and eayns interest and proportion for sinking fund. The
general
consolidated mortgage is at $20,000 per mile on all road
built and to
he built; of which $18,217,000 is reserved to take
up first consol, ami
prior bonds; $447,000 for the East Line & Red River bonds;
$10,000,000
(which may bear less than 0 per cent) reserved to take
up income bonds
and interest; but the issue of
general mortgage bonds for Incomes and
scrip is notional with the company, both as to terms and time. At end
of 1882 there was
outstanding $2,280,197 of the Income coupons 0 per
cent
At
scrip.
meeting of stockholders May 18, 1831,
Pacific
a
a lease to the Missouri
99 years was ratified on terms
following: That tlie
lessee operate the road and pay the
obligatory mortgage* interest, pay¬
ing over the balance tu the Missouri Kansas A Texas
Company. If there
is a deficit in iiioome the lessee
may advance money to pay interest, or
in case of failure to make such advance
the Missouri Kansas A: Texas
can resume possession dl' its road.
(See V. 32, p.
The International A Great Northern Railroad 013.)
was acquired
l>y Mo.
Kan. & Tex. in May, 1881, oy an
exchange of two shares of Missouri
Kansas A Texas stock for one of International
A Great Northern.
The International A Great
Northern was a consolidation of the
Houston A Great Northern Railroad and the
International RR. of Texas
on Sept. 22,1873.
The company made.default oil its
bonds, and a Re¬
for
Bonds—Princi¬
Payable
7 g6
7
0
0
8
<> g.
5 g0
3^
7
7
7
7
6
7
7
7
6
950.000
280,000
1,015,000
4,000,000
030,000
123,000
g.
g.
g.
g.
g.
8
8
1,100,000
40,405,000
2,242,000
6 g.
319,000
14,770.000
6
7
0
0
7
0
9 LI,000
12,234,000
440,000
703,000
7,954,000
7,054.000
225,000
7.000.000
m
m
•
.
•
Where Payable, and by
Whom.
S. N. Y., S. 8. Sands A Co.
N. N.Y., N. Bk. of Com’rce
N.
do
do
J.
do
do
J.
J.
J.
J.
M.
J.
J.
J.
J.
J.
A.
A.
J.
D. N.Y.,Mcrch.Excli.N.Bk.
J. Phila.M.IL AS. H. K.Co.
J. N. Y., Continental N.Bk.
D.
do
do
N.
do
do
1).
do
do
J.
do
do
D.
New York.
D.
do
J. N. Y., Continental N.Bk.
O.
do
do
O.
N. Y., Bank of N. Y,
J.
do
do
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
F. A
A. A
M. A
J. A
J. A
Stoclcs-
Last
Dividend.
MiddIeto’n,N.Y.,lst N.B
Company’s Offices.
M. A
M. A
M. A
J. A
J. A
J.
J.
1886
192 L
Mar. 1, 1909
May 1, 1921
May 1, 1911
1892
Boston and New York.
J. N. Y.,
July 1, 1912
July 1, 1912
June 1, 1910
July 13, 1883
Jan. 1, 1907
June 1, 1927
Jan. 1,
June 1,
g.
g.
g.
g.
1907
1909
July 1, 1922
Dec.
1, 1910
June 1, 1910
Jan. 1, ’86-’91
April 1, 1921
April 1, 1902
July 1, 1902
Company’s Office.
Jan., 1899
D.
do
do
A. N.Y., Mercantile TV. Co.
O. N. Y., 195 Broadway.
N.
do
do
D.
do
do
D.
do
do
M. A N.
do
do
M. A N.
do
do
M. A S.
do
do
M. A N.
d>
do
New York, Office.
Q.-J.
F. A A. N.Y., Mercantile Tr. Co.
0
7
1 %
0 g.
30,000,000
m
•
.r.
7 g.
7 g.
8,100,000
m
pal,When Due.
Juno, 1903
1904-1906
April 1. 1911
May 1, 1900
Dec. 1, 1920
1900
May 1, 1890
Nov.
1. 1919
1909
1920
July 2, 1883
Aug.. 1888
ceiver was appointed in April, 1878. Sales in foreclosure
were made
July 31 and Oct. 14, 1879. in the reorganization the lands of the com
pany, amounting to about 5,000,000 acres, were
second mortgage bondholders in full settlement for theirconveyed to the
lien on the road,
which was thereby
discharged. The 8 per cent income bonds were issued
for one-half of old mortgages and
overdue interest. Interest at 4 per
for 1879 was paid on these and for 1830 5
percent, and afterward
exchange these for tne new 0 per cent second
mortgage bonds," and most of them were
exchange.!, leaving only $235,500 out June 1, 1883. which amount is included under
2d inert, bonds
above. Intermit. As Great Northern
earnings in 1832 were
cent
the option was given to
$3,312,285;
net, $981,322.
Prices of Missouri Kausas A Texas stock have been:
1832.
Jan
Feb
March
April
1833.
393s- 351s
201*2
3 012 20^8
35 J2- 20
...
34
V 3(0-2
3238- 29*4
321-2- 301.4
3133- ‘J07s
3LV 27i0
32
2S7s
1882.
July
AUgUSt
1883.
41V 33%
42V 37J3
41V 37i0
..
Scpt’ber.
October..
Nov’ber
Dee’ber..
31*4- 2G1s,
-
-
37V 32j2
33
28 ’4
May
36V 28 J4
June..... 314*2- 06"3
35
30%
The report of M.K. AT. for 1332 bad the
following figures for that
..
-
-
year, whu h
.....
......
.
-
comp ired with previous years:
1379.
18SO.
Miles of ri lilroad
780
879
Earn'gs £ cxjienscs—
$
$
Passenger earnings.
714,7-'.l
820.201
Freight ea rnings
3.1 10,401
2,455,804
Miseell. e: irnings
173,077
232,389
3 34 4,202
Expenses, taxes, Ac.
Net
ea rnings
Imp.,eng., ear hire, Ac
Available
(V. 35, 1
.
t
1881.
1,207
$
1,058,054
4.050.119
252,003
1882.
1,374
$
1,380.590
4,7 i 0,071
359,803
2,072,751
4.101,071
2,010,046
5,360,837
3,299,541
0.450,404
4,333,030
1,271,5 41
1,545,025
2,001,290
2,112,428
228,333
149,622
1,013,208
1,5 45.025
1,911,074
77, 133, 291, 320, 037; V. 30, p. 110 427, 075.)
revenue
—
-
are
Gross earnings..
was
were:
Cent.
1,382,000
970,000
100
1808
1,000
1870
1,000
1371-3
1,000
1870
500 Ae.
1873
1,000
1880
1,000
1380
1870
1,000
1879
1,000
1381
500 Ac.
1880
100
1803
1,000
.
When
500.000
1,000
Haven. Pa., to Locust Gap, Pa., with branches, 00*2 miles
Road was
leased May 12, 1804, to the Philadelphia & Reading Railroad Co. i'o: 999
years at a rental of 8 per cent on the capital stock.
There is no debt,
and 7 per cent dividends are paid.
Operations not separately reported;
Included in lessee’s returns.
Missmiri Kansas
[\ou XXXVII.
Rate per
199.000
1,000
closure was made and road sold for $1,500,000. The stock is
$2,155,000. It was leased to Wisconsin Central at a rental of
571>2 per cent on
gross earnings, but lease terminated August, 1832. Gross earnings iu
1880, $470,801: net, $175,053. Gross in 1881, $530,250: not, $10^,944.
Net in 1882, $193,830.
(V. 34, p. 147; V. 35, p. 51 103, 291,570.)
Mine Hill & Schuylkill Haven.—Nov. 30, 1882, owned from
Minneapolis £ SI. Louis.—Dec. 31, 1882,
Outstanding
1,009
1,000
....
1st mortgage, gold
Amount
(?)
$100,000
15,000 p.m.
....
.
-
Missouri Pacific—Stock
p.
BONDS
INTEREST OR DIVIDENDS.
or
Par
Value.
.
Middletown Union ville £ Water Oao—1 st mortgage.
Midland No. Carolina— 1st mort. (Tor $i0,000,000)
Milw. Lake Shore £ West—Northern Div., 1st mort.
Consol, mort., gold (for $5,090,000)
Income bonds (not cumulative)
Equipment bonds
Milwaukee £ Lake Winnebago—1st mortgage, gold.
Income bonds, gold (cumulative)
Milwaukee £ Northern— 1st mortgage
Mine Hill £ Schuylkill Haven—Stock
Mortgage
Mortgage
AND
great favor by giving Immediate notice of any error discovered In these
Tables.
DESCRIPTION.
For explanation of column
STOCKS
..
2,112,423
,
Missouri
Pacific.—(See Map Page xlv.)—July 1, 1883, owned
main line from 81. Louis, Mo., to
Atchison, Kan., 330 miles; branches
000 miles; total 990 miles.
In May, 1881, the.St. Louis Iron Mountain
A Southern was taken in.
July, 138*3, the mileage was as follows: From
St. Louis to Texarkana, Texas lane, 490
miles; branch lines, Mineral
Point, Mo., to Potosi, Mo., 4 miles; Bismarck, Mo., to Belmont, Mo., 121
miles; Poplar Bluff, Mo., to Bird’s Point, Mo. (Cairo), 74 miles; Gurdon,
Ark., to Camden, Ark., 34 miles; Knobel to Forrest
City, 97 miles;
Forrest City to Helena, 43 miles; Newport to
Batesvillo, 27 miles;
Neely ville to Doniphan, 20 miles; total, 900 milys.
The Pacific Railroad of Mo. was sold in foreclosure of
the 3d
Sept. 0, 1870, for the nominal price of $3,000,000, to C. K. mortgage
Garrison
and others, and a new company
organized with a stock of $800,000.
The present, company was a consolidation in
August. 1880, embracing
the Missouri Pacific, St. Louis A Lex., Kansas
City A East, and Lex. &
South, in Missouri; and the St. Louis Kan. A Ariz. and
Kan. City Leav.
A Ateli. in the State of Kansas.
Tiie consolidated mortgage above is for
$30,000,000—trustees John F.
Dillon and Edward I). Adams. Tile bonds are
issued to retire the out¬
standing bonds of the consolidated company, as above given,
amounting
to $20,184,000. The remaining $9,810,000 are issued
as
qttired for finishing, constructing, purchase, acquisition, Ac.
The
maybe re1
St. Louis Iron Mountain A Southern stock was taken
up with
Mo. Pacific in May, 1881, on (lie basis of three
shares of Mo. Pacific for
four shares of Iron Mountain, and the St. Louis A
Iron M. tock ie
held by Missouri Pacific.
The annual report or Mo. Pacific for 1882 was
published in the Chron¬
icle, V. 30, p. 422, and was the first report ever published under the new
management. The income account and balance sheet were as follows;
INCOME ACCOUNT, 1882.
To accrued int. oil b’ds. $1,598,389 I
Surplus earnings 1S82. $3,760,982
Taxes
143,573 | Wal.A C. T. A Ferry Co.
Rental acct. leas'd lines
90,000 j
earnings
$102,988
Dividends paid
1,940,419 Less expenses 50,531—
46,456
Sundry amounts paid
100,740 | Dividends received,Ac*
526,682
Balance to credit of inI Sundry amts, received.
127,433
come acct. Dec. 31,’82
4,035,161 I Bill. iuc. acct. Jan.
..
1/82.
*
Not including any
$3,525,291 I
dividends from SR L
I. M. A So.
FINANCIAL EXHIBIT DECEMBER 31, 1882.
Cost of road and equipment, Ac
Supplies and material
on hand
Advances to roads under construction—
4,057,756
$8,525,291
$39,298,900
624,117
Trinity A Sabine Ry.—Trinity, Tex., eastward.$280,701
Doniphan Branch, St. L. J. M. A So Ry
199,242
White River Branch, St. L. I. M. A
Investment in stocks and bonds
Balances—Uncollected earnings
Cash oil hand
So.~Ry
223,497— 709,441
20,850,311
202,579
1,238.990
$02,930,340
Subscribers will confer a
M.(s.f.$50,000 per an.)
Real estate (depot) bonds
Debt to St. Louis County (no bonds)
3d mortgage
Consol. M., gold, for $30,000,000 (coup, or rcg.)\.
Carondelet Branch, 1st mortgage
Missouri River Rli., 1st inort
Leaven worth Atcli. A N. W., 1st mort., guar
Bfc. Louis A Lexington, 1st mort
St. L. Iron Mt. A So., 1st more., coupon
do
2d mor.. gold, coup., may be registered
Ark. Branch, 1st mort., gold, land gi-*
do
do
Cairo Ark.it T., 1st, gold, ep.or reg
Cairo A Fulton, 1st, g., on mad A laud..
do
do
Gen’l consol. M. (for $32,033,000)
do
supplemental.,..
do
Mobile d Ala. Grand Trunk—1st M. ($20,000 p. m.)
Mobile d Girard—2d mort., end. by Cent. Ga. RR..
3d mortg. bonds
Mobile d Montg.—Stock
Mobile d Oh io—Stock
New mortgage, principal payable in gold
1st pref. ine. and s. f. debentures, not cumulative
do
2d
do
do
3d
do
do
do
4th
do
do
do
Cairo extension (Ky. A Tenn. RR.)
Montgomery d Eufaula—1st mortgage
Montpelier d Wells Hirer—Stock
July, 1891
May 1, 1892
299
990
15*2
21
210
310
99
71
301
686
221
56
85
180
523
472
1871
1872
$1,000
1876
18 80
1,000
1,000
1873
1,000
1866
1,000
500 Ac.
*34
D.L.AW.)
41,380
4,635,101
31,1882
$62,930,340
<fc SOUTH. RAILWAY—INCOME
ACCOUNT—1882.
$2,248,978
Accrued interest on bonds
94,463
Taxes
Sundry amounts—
$76,682
53,699
64,942
209,869—
Car trust expense
Baring cross bridge expense
Interest and exchange
Discount, Government deductions, Ac
Balance or income account Jan. 1, 1683
405,191
1,199,792
$3,948,43 L
Dividends received, Ac
Unolaiuied wages an i vouchers canceled,
Balance of income account Dec. 31,1882
4 9,264
Ac
7
7
5
7
’
7
7
7
7
5
g.
g.
7 g.
1,124,000
300,000
8
800,000
4
2’-2
6 g.
7
7
7
7
6
5,300,000
1,850,000
600,000
900,000
600,000
1,500,000
800,000
5,000,000
1,494,000
15,000,000
5,000,000
2,999,000
23 1,000
4,991.000
g.
g.
g.
,
6
J.
53,626
109,921
$3,9 13.41
—(V. 34, p. 20, 265, 292, 316, 317. 344,315. 479, 469, 575. 655. 67!
V. 35, p. 77, 101, 182, 312, 347, 637. 737; V. 36, p. 139, 312, 513, 12
479, 511.)
Mobile d Ala. Grand Trunk.—Dec.. 31, 1882, owned from Mobile. 41
to Bigbee Bridge, 56 miles. The company 1ms been in default, m
was sold In foreclosure May 7, 1883, to a committee of ImndkoUIei
The plan proposed for the issue of new stock and bonds \v
given at length in the Chronicle, V. 32, p. 636. but the modified pi,
proposes to give $120 in new mortgage bonds, $300 in incomes, ai
$480 in stock for each $1,000 of old bonds, on payment <>i $120 cm
by holders.
Old stockholders to receive 50 per cent in new stoc
—(V. 36, p. 221, 340, 536.)
Mobile d Girard.—May 31, 1S83, owned from Columbus, Ga., to Troy,
Ala., 84 miles. Common stock, $987,161; preferred stock, $279,900, and
$5,080 Pike County stock. Second mortgage, bonds are. endorsed by
Central RR. of Ga. There are also $19,000 3d mort. 6 per cent bonds,
due June 1, 1897.
Ill 1881-82, gross, $269,011; net, $.59,443.
In
1882-83 gross earnings, $255,756; net, $77,455. (V. 33, p. 73 ; V. 31,
p. 130; V. 35. p. 431; V. 37. p. 22.)
A
D. N.Y. Farm*. rs’ L’n A Tr.
cor.
Yearly.
Yearly
do
do
do
do
Yearly.
do
do
do
do
J.
J.
A J.
A J.
3*2
A. A 0.
J. A J.
J. A J.
7
7
7
7
M A N.
F. A A.
J. A J.
A. A O.
7
6 g.
Pine A Nassau
Yearly. N.Y.,
O
N.Y., Nat. City Bank.
Boston.
New York.
do
N. Y., Del. Lack A W.
do
do
do
do
uo
do
do
do
Slocks—Last
Dividend.
Feb., 1885
Nov., 1900
Nov., 1920
1, 1893
Jan., 1880
Oct. 1, 1889
Aug., 1920
Aug. 1, 4892
Mayl, 1897
Juno 1, 1895
June 1, 1897
Jan. 1, 1891
April 1, 1931
April 1, 1931
July 1, 1910
Jan., 1389
Oct.
June. 1897
(1)
Dee.
1, 1927
} Redeemable
only by
sinking fund.
July 1, 1892
July 1. 1909
(?)
April i, 1918
July 1, 1920
July 2, 1883
May 1, 1914
Aug. 1, 1891
Jan. 1, 1900
Oct., 1901
the stockholders’meetings upon t.he majority of the. stock of the Mobile Ac
Ohio Railroad Company, the power to vote upon which is irrevocably
with .the. Farmers’ Loan A Trust Company, until the extinguishment
of said debentures.
The capital stock authorized by the charter is
$10,000,000, or 100,000 shares of $100 each, of which there have been
issued 53,200 shares. The debentures are secured by a deed of trust of the
land, about 1.143,222 acres, and receive 7 per cent, if earned.
The Cairo Extension bonds may be redeemed before maturity any
January 1 or July 1 at 110, six week’s notice being given.
In August, 1861, 7 per cent was declared on 1st preferred incomes;
also 2 per cent on 2d incomes.
In August, 1882, only 2 per cent; was
declared'on the lirst preferred incomes.
The last, report was published in the Chronicle, V. 35, p. 429. Oper¬
ations for three years ending June 30 were :,
-1S81-82
1879-30.
1880-81.
Total gross earnings
Operating expenses
Net earnings
Disl>11rsemen Is—
Interest on mortgage
Interest on incomes
bonds
Total disbursements
Balance
—V. 34, p. 115; V. 35, p.
,
"$3,735,620
Surplus earnings 1882
6 g.
0 g.
5,320,600
7,000,000
50
250
500 Ac.
1,000
1,000
7
7
2,950,3.‘0
1,000
1864
1866
Var’us
1871
700,000
6,000,000
2,500,000
1,450,000
7,657,000
10,353,000
3,311,000
...
1830
.8
205,000
190,009
650,000
4,000,000
....
81
38
110
159
132
81
84
7
800,000
245,000.
•
OH
$2,573,000
3,328,000
9,200,000
1870
1,000
500 Ac
IS SO
i ,000
1867
1872
1,000
1870
1.000
1872
1,000
1870
1,000
1881
1,000
188 1-2
1,000
1874
1,000
1869
1,000
1877
1,000
100
100
1879
1,000
1879
1.-79
1879
1879
1880
1,000
1879
50
1878
1,000
The 8t. Louis A Tron Mountain road defaulted on its interest in 1S75
and finally made a compromise with its bondholders, issuing income
bonds for overdue coupons. The company afterward offered to exchange
them for tile new 5 per et. mort. bonds, and up to June 1,1883, only small
amounts remained outstanding. There are also $73,090 of old income S
per cents of Cairo & Fulton. The Mercantile Trust Co. of N. Y. is trustee
of the general consol, mortgage. The income account for 1882 was as
follows:
•
Bonds—Prinoi'
J. A J. N.Y., Mercantile Tr. Co.
M. A N.
do
do
St. Louis.
mont’ly
M. A N. N. Y., ’Mercantile Tr. Co.
do
do
M. A N.
do
A. A O.
do
di
do
J. A J,
do '
do
A. A O.
do
do
F. A A.
do
do
F. A A.
M. A N. New York or London.
J. A I). N. Y., Mercantile Tr. Co.
dO
do
J. A D.
do
do
J. A J.
A. A 0.
do
do
do
do
A. A O.
J. A J. N.Y., Mercantile Tr. Co.
J. A J. N. Y.. Nat. City Bank.
do
do
J. A D.
F. A A. N. Y., Drexel, M. A Co.
283
By capital stock (includingexchanges for Iron Mtu. stock).$29,95s*,900
Funded debt—(See Supplement)
25,379,000
Interest due and accrued—Due and uncalled for. $23,894
1
Accrued, but not due
410,078— 408.972
Yonohers, Dec., 1882, payable Jan. 15, 1883
2,395,919
Bt. Louis Bridge & Tunnel Co.—
Surplus earnings
51,000
BT. L. IRON MOUNTAIN
discovered in these Tables.
pal,When Due-
-
Hospital account
[Vol XXXvu.
Date
Miles
Size, or
Amount
When
Where Payable, and by
Rate per
Par
of
of
Whom.
Cent.
Payable
Road. Bonds Value. Outstanding
M.City)
Morgan's La.d Texas—1st mort.,gold(N.O.to
1st mortgage, Alex. Extension, gold
Moms d Essex—Stock,
let mortgage, sinking fund
2d mortgage
Convertible bonds
Gen. m. A 1st on Boontou Hr. Ac. (guar.
Balance of income account, Deo
BONDS.
INTEREST OR DIVIDENDS.
explanation of column Leadings, Ac., see notes
on first page of tables.
Missouri Vac.—(Conl’d)—2d
AND
great favor by giving immediate notice of any error
DESCRIPTION.
For
STOCKS
RAILROAD
xlvi
$2,28 1,616
$2,377,817
1,159,650
1,562,486
$2,104,274
1,602,145
$824,966
$815,331
$562,129
$ 120.000
3-59,509
$120,000
$456,000
403,000
106,000
$809,500
$828,000.
$562,000
Sur.$15,466 Def.$12,669
Bur. 129
101. 129; V. 36, p. 108; V. 37, p. 48.)
Montgomery d Eufaula.—Montgomery to Eufaula, Ala., 80 miles.
was foreclosed May 1, 1879, bought by W. M. Wadley, and the
present cbmpany organized.
Operated under contract by Cent.. RR. of
Georgia.. Stock* is $620,000. Gross earnings year ending June 30,
1662', $355,681; net, $118,963. Dividend of 10 per cent paid in April,
The, road
1SS3.
Montftclicr d Wells River.—Dec. 31,1832, owned from Montpelier to
1877. I). R. Bortwell,
for 15 months ending
Wells River, Vt., 38 miles. Reorganized January,
President, East Cambridge, Mass. Gross earnings
March 31*1882, $115,817 ; net, $23,421.
Morgan's Louisiana d Texas Railroad <C- Steamship Co.—51 arch 31,
from Ne\v Orleans to yermillionville, La., 144 miles;
YT( rmillionville to Alexandria.,
La., 84 miles; other branches, 38;
miles; total, 266 miles.
In February. 1883, the whole stock of
$5,060,000 was sold to the Southern Pacilio Syndicate as reported
at 150 per share of $100.
(S<-e V. 36, p. 2it?.)
This company’s
statement to the New York Stock Exchange said; “The, company’s
property consists of sixteen iron steamships, live of which ply be¬
tween New York and New Orleans, nine between Morgan City, La.,
and the, various Texas and Mexican ports, and two between New
Orleans, Florida and Havana ports; also four largo ferry boats, tugs,
dredge boats, wharves.wan’liouses. and terminal facilities, besides nearly
the entire capital stock of the Gulf Western A Pacific Railroad, Texas
Transportation Railway Co., Buffalo Bayou .Ship Channel Co., and a
majority interest in the capital stock of the Houston A Texas Central
Railway Co., Ac.” The capital stock is $5,009,000.
Gross earnings in
1881-82, $1,188,622; surplus over expenses, interest, Ac , $722,450 ; in
1832-83, cross, $3,953,145; surplus, $1,106,327. (V. 33, p. 100; V. 35
p. 51; V. 30, p. 196, 212.)
Morris d Essex.—I>ee. 31,1S82, owned from 1 loboken, N. J., to PhillipsMobile d Montgomery.—Dec. 31,1882. owned from Montgomery, Aln.» hnrg, N. J., 84 miles; branch, Denvillc, N. J., via Mor. A Es. Tunnel, to
to Mobile, Ala., 180 mites. Default was made, mi the bonds hi 1673 and Ifoboken, N. J., 34 miles; leased Dover to Chester, 10 miles ; Newark A
the road was sold in foreclosure Nov. 16, 1874, and purchased-by bond¬ Bloom. RR., 4 miles; total operated. 132 miles. In 1868 this road
holders, who organized this company on a, stock basis,
m Nov.’, 1879, was leased'in perpetuity to the Del. Back. A W. RR. The lessees assumo
$1,550,000of the stock owned in this country was purchased by parties all liabilities of the Mor. A Essex RR. and pay 7 per cent per annum on
in the Interest of tin* Louisv. A Nashv. RR. at 80, giving the control to the capital stock, and they also agreed to pay 8 per cent in case the
that company. The old mort. debt out June 30, 1881, was $261,000. Morris A Essex earns 10 per ecu ton its stock in any one year al ter the
Gross earnings in 1880-81, $951,051; net,$226,193 ; gross in .1881-82, year 1874. Earnings for four years past were as follows:
$987,534; net, $261,377. (V. 34, p. 265.)
Gross
Net
Div’d
Miles.
Earnings, p. ct.
Years,
Earnings.
Mobile d Ohio.—June 30, 1882, owned from Mobile, Ala.,-to C olumbus.
121
$3,515,097
$1,559,354=
7
Ky., 472 miles, and extension (by Ky. A Tenn. RR.) to Cairo, 21 miles; 1879
121
3,823,652
1.446,193
7
branches—Artesia, Miss., to Columbus, Miss., 14 miles; Artosia, Miss., I860
121
4,246,656 •
1.647,019
7
to Starkville, Miss., 11 miles; Muldon, Miss., to Aberdeen, Miss., 9 miles; ! 1S<1
4,262,901
1,630,960
7
total operated, 528 miles. The Co. funded coupons from their bonds in IS 82
The loss to lessee was in 1880, $1,012,416; in 1381, $985,890; in 1882
Feb., 1867, and resumed payment of interest May, 1870. fn 1872 the 2d
mortgage bonds were issued to pay floating debt. A default was made $<rtl,550. (V. 31. p. 489, GS7 ; V. 56, p. Oil.)
May 1, 1874, and two trustees and receivers took possession May 8,
Nashua d Loire!!.—March 31, 1833, owned from Lowell, Mass., to
1875. The stock and bonds of the company were placed on the N. V. Nashua,
N. II., 15 miles.; leased—Stony Brook RR. 13 miles; Wilton RR.,
Stock Exchange list in July, 1879 : First.—New mortgage to the Farmers'
16 miles;
Peterborough RR., 10 miles; total operated, 54 miles.
Loan A Trust Co., of New York, as trustees, upon the main line, excluding The road was
operated with the Boston A Lowell till Oct. 1, 1878. On
branches, to secure bonds in the aggregate amounting to $7,000,000. October
1,1880, a lease for 100 years to the Boston A Lowell was
Second.—Deed of trust to the Fanners’ Loan A Trust Co., as trustees, to
made. The company holds $300,000 cash assets against the debt. Tho
secure four series of preferred income and sinking fund debentures,
rental is $60,000 per year, equal to 7*2 per cent on stock, but, including
Interest at the other revenue, dividends
covering specifically the lands, 1,150,000 acres.
are 8 per cent. (V: 32, p. 16, 43, 335.)
rate of 7 per cent per annum, or in multiples of 1 per ce;;r, bm
Nashville Chattanooga d St. Louis — June 30, 1883, owned from Chat¬
not exceeding 7 per cent in any one year on these
debentures,
tanooga, Tenn., to Hickman, Ky.,321 miles; branches—Wartrace,Tenn.,
is payable annually upon each series in the order of their priority,
but only if earned in the; preceding fiscal year, and is non-eunm- to Shelbyville, Tenn., 8 miles; Bridgeport, Ala., to Inman, Tenn., 25
lativo. The holders of debentures have one vote for each $100. ami each miles; proprietary lines—Nashv. to Lebanon, 30 miles; Tullahoma to
year they instruct the Fanners’ L. A T. Co., trustees, how to- vote at Caney Fork, 48 miles; DecUerd to Fayeitev., 40 miles; CentrevillQ
18^3,.owned
RAILROAD
August, 1883.]
Subscribers will confer
a
Miles
Date
of
of
explanation of column headings, Ac., see notes
on first page of tables.
Road. Bonds.
Morris eC Essex—(Continued)—
Consol, mort. (for $25,000,000) guar. D. L. A W..
Special real estate mortgage
Real estate terminal mort. (guar.
Nashtia d Lowell—Stock
Bonds ($100,000 are gold 5s, J. A
1875
1882
54
....
....
Naugatuck—Stock
Nesquehoning Valley—Stook
Nevada Central— 1st mort.. gold (sink, f., $20,000)
Nevada Comity—1st mortgage
Newark d Hudson—Int mortgago
Newark Somerset d Straitsv., 0.—1st mortgage
NcwburgDutchess d Connecticut— Income bonds...
Newbury d New York— 1st mortgage
Neio Castle d Beaver Valley—Stock
New Haven <£ Derby—1st A 2d mortgages
New Haven d Northampton—Stock
Mortgage bonds, coupon
Holyoke AW.,leased. 1st M. ($200,000 guar.)
Consol, sink, fund $15,000 pci* yr.,A mort. bonds.
Northern Extension
New Jersey d New York— 1st mort. (reorganization)
N. J. Southern— 1st mort. (inf. guar, by N.Y.A L.B.)
Long Branch A Sea Shore. 1st mort.. iruar.
$1,000
$5,994,000
151
340
321
88
30
71-2
48
122
119
119
99
66
18
94
5
44
*25
1870
1867
78
1,000
1,000
1,000
500
....
lbo
50
....
1879
1S76
187 L
1869
186^
30
1.000
1,000
Net
....
.
100
....
1869
1870
1879
1881
1880
1879
1869
1,000
1.000
1,000
1,000
by the Louisville A
1881-82.
1S82-83.
$
2,099,155
$
2,256,186
$
2,074,583
$
2,360,769
Receipts—
914,407
$
475,320
232,020
360,963
57,145
878,009
833,592
1,085,915
1,000,175
3 J,006
106,500
1,878,184
$
541,514
872,598
1,192,415
$
237,806
50,931
$
583,577
300,164
650,972
473,065
1,212,428
Total disbursements...
923.436
975,118 2,096,169 1,124,037
Balance, surplus or deficit. sur.7,119 def. 9,029 sur903.066 *1,223,571
*
Deficit. The surplus June 30, 1881 being $903,066, the real de¬
ficiency June 30, 1882, was only $320,507.
(V. 34, p. 87, 196, 344, 460,574.708; V. 35, p. 96, 212. 321, 318,
371, 456. 517. 576, 603, 737; V. 36, p. 81, 221, 340, 366, 454, 561,675 ;
V. 37, p. 75, 175.)
A ashville d Decatur— June 30, 1883, owned from Nashville, Tcnn., to
—
Decatur, Ala., 122 miles. The. road was leased May 4, 1871, to the L.
& N. RR. for 30 years from July 1, 1872, at a rental of 6 percent per
annum on the stock, to begin after the completion of the So. A North Ala.
RR., and the first dividend under this arrangement was paid April 1,
1875. The lessee assumed all the debt of the Nashville A Decatur Co.
Gross earnings in 1880-81, $1,023,498; net, $313,258. Gross earnings
in 1881-8.', $i,001,609; net, $331,361.
Natchez Jackson d• Columbus— Jan., 1883, owned completed road
from Natchez, Miss., to Jackson, Miss., 100 miles.
Stock, $614,809.
See report, V. 36, p. 426, as to new issue of bonds. Earnings for 1882,
$104,188; net. $10,417. (V. 34. p. 549, V. 35, p. 71,339, 348. 487; V.
36, p. 313, 426.)
Naugatuck.—Sept. 30, 1882, owned from Naugatuck Junction to
Winsted, Conn., 56*2 miles; leased. Watertown A Waterbary RR., Fo
miles; total operated, 66 miles, 5 miles ol N. V. N. IT. A itartf. being used
between Naugatuck J unction and Bridgeport, lias no bonded or floating
debt. Operations and earnings for three years past were as follows:
gross earnings, $592,151; net."$212,063 ; 1880-81, gross.
$614,410; net, $201,390 ; 1881-82, gross, $714,898; net, $223,781.
—(V. 33, p. 621 ; V. 35, p. 574.)
Nesqtiehonhig Valley.—Doc. 31, 1882, owned from Nesquehoning Junc¬
tion, Pa., to Tamenend, Pa., 17 miles; Tunnel Branch, I-Iauto, Pa., to
Lunsford, Pa., 1 mile; total operated, 18 miles. Opened in 1870, and
was leased for 999 years to the Lehigh Coal A Nav. Co.'at a lease rental
of $130,000per annum, but with an option for the lessees to terminate it
after 1878. In 1879 the lease was modified so as to pay 7 per cent a
year only, and the option to terminate was suspended till 8ept. 1, 1884.
Nevada Central.—Doc. 31, 1882, owned from Battle Mountain to Ledlie.Nev., 86 miles; branch, Ledlic, Nev., to Austin, Nev., 7 miles; total.
93 miles.
Stock, $1,000,000.
Gross earnings, 1882, $110,410; net,
$13,731.)
Nevada
County—Dec. 31, |1882,. owned from Colfax to Nevada City,
narrow gauge.
In 1881, gross earnings, $116,465; net,
$44,239.
In 1882 gross earnings, $105,291; net, $19,167.
Stock,
$242,200. J. C. Coleman, Pres., Grass Valley, Col.
Newark d Hudson
Dee. 31, 1882, owned from Bergen Junction to
Newark, N. J., 6 miles. Leased to New York Lake Erie A Western at a
rental of $33,000 per annum, which pays interest on bonds and 7 per
oent on the stock of $250,000.
Cortlamit Parker, Pres’t, Newark, N. J.
Newark Som. d Straitsv.—Scpt. 30, 1882, owned from Newark, O., to
Shawnee, O., 44 miles. Road was completed in 1871. Leased to Sandusky
Mansf. & Newark for 14 years from Jan. 1, 1872. Operated by the Balt.
& Ohio, which pays 30 per cent on gross earnings, and advances any
additional amount necessary to meet the interest on the debt. Capital
stock, common, $795,400, and preferred, $218,200. Gross earnings in
$177,304; net, $41,548; deficit to lessee, $14,451. lu 1881-2,
gross, $188,937 ; net, $13,078.
Newb. Dutchess d3 Conn.—Sept. 30, 1882. owned from Dutchess June.,
N. Y., to Millerton, N. Y., 59 miles. The Dutchess A Col.* RR. was sold
Aug. 5, 1876, and this company was organized Jan. 8, 1877, by the pur¬
chasing bondholders. In addition to above*, incomes, there are $150,000
1st mort. 7s.
due in 1907.
In 1880-81, gross earnings $160,649;
defioit, $11,865. In 1881-82, gross, $184,990; deficit, ,+3,126. The com¬
mon stock is $172,000 and preferred stock $715,350.
John S. Schultzc,
President, Moore’s Mills, N. Y.
Col., 23 miles,
—
1188779--9020.
1,500,000
398,000
300,000
90,000
1,817,000
178,000
i
7
7
xlvii
When
J.
;
Hoads—Princi¬
pal, When Due.
J. A
M. A
6 A 5 g. F. A
1L>
A. A
6
J. A
J. A
7
6
J. A
6
•I. A
6
J. A
8
J. A
6
M. A
3
J. A
7
J. A
6 g- A. A
10
5
J. N. Y.. Del. Lack. A W;
N.
Boston A Nashua.
A. Rost., Cbas. B. Brooks.
0. New York A Nashville
J. N.Y.jMetropolit’nN.Bk.
do
J.
do
do
do
J
do
J.
do
do
do
J.
J.
do
do
N.
D.
Nashville.
J. N. Y., Drexel, M. A Co.
0. Nasliv., 4tli Nat. Bank.
1,000,000
6 g.
260,000
250,000
800,000
1,164,500
,8
7 g.
250,000
700,000
525,000
7
J.
(1)
Newcastle, Penn.
Various N. Haven, Meeli. Bank.
260,000
1,200,000
700,000
275,000
1,449,600
200,000
Dividend.
Juno 1,1915
July 1, 1912
May 1. 188;.?
1893 & 1900
April 20, 1882
'
3 881 to 1880
July 1, 1913
July 1, 1901
Jan.
Jan.
Feb.
Nov.
June
1. 1917
1, 1917
1, 1907
1, 1909
3, 1883
July 1, 1900
Oct. 1, 1887
N.Y., Bank of America.
J. A J.
M. A S.
A. A O.
J. A J.
M. A S.
M. A N.
1,300,000
Stocks—Last
Payable,
and by
Whom.
A D. N. Y., Del. Lack. A West
4
174,400
Where
Payable
412
2,000,000
1,300.000
2,460,000
500 Ac.
600
1.000
1880-81.
Total income
Disbursements—
Interest on debt and taxes.
Dividends
Extensions A improvem’ts
Miscellaneous
6,170,000
1.000
50
500 iVe.
ACCOUNT.
914,407
120,000
1.000
500 Ac.
.
68A70
....
1,000
1879-80.
Net earnings
Bonds sold, Ac...
6,670,331
65,000
12
15
13
170
27
800,000"
300,000
1,642,557
....
....
1,000
1,000
....
....
92
17
3,245,000
.
....
IS 57
1873
1881
1877
1S77
1877
Rate per
Cent.
c
j
1.000
100
Nashville 11R. Company and pledged among the collaterals for the
trust loan of that company. This company owns $75,000 of the Duck
River RR. 2d mortgage endorsed bonds.
The annual report for 1881-2 was published in the Chronicle, V. 35,
p. 371, which should be referred to.
Earnings for four years ending June 30 were as follows:
.
Amount
Outstanding
Branch, 34 miles; Duck 1-liver HR. (leased), 48 miles; total, 534 miles.
by deposit in trust of
The the bonds endorsed by Tennessee are secured
this company’s first mort. bonds.
A majority of the stock (.$3,385,000) is owned
Gross earnings
BONDS.
INTEREST OR DIVIDENDS.
or
Par
Value.
’73-’80
539
Bonds endorsed by Tenn
1st mort. (for $6,800,000), coup
2d mort
Bonds of N. C.A St. L., 1st mort. on two branches
do
do
1st mort. on Lebanon Branch
do
do
for Jasper Branch
Duck River RR., 2d mort., endorsed
Nashville <£• Decatur—Stock, guar’d 6 p. c. by L. A N.
1st mort. guar. s. f
2d mortgage, income
Natchez Jackson J Columbus.—1st mortgago
1188709--0,,
137
Size,
•
D. L. AW)
J., 1900)
Nashville Chattanooga d: St. Louis—Stock
INCOME
AND
great favor by giving immediate notice of any error discovered in tliese Tables.
DESCRIPTION.
For
STOCKS
3in
7
7
3
7
Jan. 15, 1S83
Bridgeport, Conn.
Philadelphia, Co.’s office Mar. 1, 1883
N. Y., 195 Broadwnv.
Oct.
N. Y. L. E. A W. RIt.
N. Y., Union Trust Co.
Nov.
A J. N.Y.,OfficeN.Y.L.E AW
J.
6
5
6
6
7
1.
1889
Jan. 1,
1889
July, 1883
1S88 & 1900
■
New
6 A 7
Sept., 1901
Q.—J.
J
1, 1901
1896
Haven.
do
Oct., 1873
J.
Jan., 1899
A. A O. N.IIav..N.Tradesm’s Bk Apr. 1 '91 A’98
A. A O.
New Haven.
April, 1, 1909
do
^
A. A O.
April, 1911
M A N. N.Y., Mercantile Tr. Co.
1910
J.- A J. N. Y., Cent.of N.J.Oilice Julv 15, 1899
J. A D.
New York.
Dec. 1, 1899
A
Ncwburg d N. Y.—Oct. 1, 1882, owned from Vail’s Gate Junction to
Greenwood Junction, N. Y., 13 miles. Leased October 5, 1866, to Erie
RR., at $17,500 per annum, and operated now by N. Y. LakeE. & West.
New Castle & Beaver Val.—Dec. 31, 1882, owned from Homewood, Pa.;
to New Castle, Pa., 15 miles.
Road in operation since 1860. leased to
Pittsb. Ft. W. & Chic. RR. for 99 years at a rental of 40 per conton gross
earnings. Lease transferred to Pennsylvania Company. There is no debt.
In 1879, 13 per cent dividends were paid; in 1880, 13 p. e.; in 1881, 24
p. c. Gross earnings in 1881, $331,527; rental received, $132,611; gross
1882, $365,493; rental received, $146,197.
Derby.—Sept. 30. 1882, owned from Now Ilavcn, Conn.,
to Ansonia, Conn., 13 miles.
Capital stock is $447,100. New Haven
City guarantees the $225,000 second mortgage bonds. Gross earnings
in 1880-81, $147,564; net, $48,268; in 1881-82, gross, $166,402; m t,
$78,389. (V. 35, p. 544.)
New Haven d Northampton.—Sept. 30,1882, operated from New Have a,
Conn., to North Adams, Mass., 123 miles; branches—Northampton to
Williamsburg, 8 miles; rannington Conn., to New Hartford,Conn., 14
miles; South Deerfield to Turner’s Falls, 10 miles; to Taritfvillo. Conn.,
1 mile; leased—Holyoke A Westfield RR., 14 miles; total, 170 milest
In April, 1881, a control of the road was sold to N. Y. N. II. A Hartford
parties. SCo V. 32, p. 421. Operations and earnings for threo-years
in
New Haven d
past were
Years.
as
follows
:
Miles.
144
144
Passenger
Freight (ton)
Gross
Net
Mileage.
5,044,750
5,612,006
Mileage.
16,365.182
$691,506
$276,287
18,705,865
751,614
298,137
8,726,851
24,800,805
896,270
Earnings. Earnings.
333,487
—(V. 34, p. 202 ; V. 36, p. 80.)
New Jersey d New York.—Dee. 31,1882, owned from Hackensack, N. J.,
to Stony Point, N. Y., 25 miles; leased. Nanuet & New City RR. 6 miles;
Hackensack Kit., OmilcR; total operated, 37 miles.
Organized Sept. 4,
1874, by consolidation of the Hackensack A New York RR. and the
Hackensack A N. Y. Extension Railroad; Receiver appointed in 1877.
The Hackensack A New York RR* was sold in foreclosure August 14,
1878, and was leased in perpetuity to this company, and now forms
part of main line.
Reorganized in 1880, with above debt.
Stock,
$2,000,000 common, $800,000 preferred. Gross earnings ill 1880-81,
$198,410; net, $21,790. In 1881-82, gross earnings, $220,809; net,
$35,003.
(V. 32, p. 611.)
Jersey South.—The road extends from Pt. Monmouth, Sandy Hook;
to Ateo, 70 in., with branch from Eatontown to Pt. Monmouth, 9 miles.
The property was sold in foreclosure March 31, 1879 (see Chronicle,
V. 28, ]>. 352), and the present company was organized July 25, 1879.
The capital stock is $1,590,000. The property is subject to $120,000
on
the Tom’s River Railroad and $200,000 on the Long Branch A
Sea Shore
Railroad.
This latter bond is endorsed by the United
Companies of New Jersey. The above mortgagers for $1,590,600, of
which $1,119,600 have "interest guaranteed by the New York A Long
Branch Railroad by endorsement of the bonds, and the Central of New
Jersey agreed to assume those bonds. The road is now operated as ft
part of the Central New Jersey system. (V. 32, p. 121.)
New London Northern.—September 30,
1982. owned from New
London, Conn., to Brattleboro, Vt., 121 miles, of which 100 miles
leased- to J. G. Smith and others.
This road has been operated
since December 1, 1871, under lease to the Central Vermont Rail¬
road; the lease was for 20 years at $155,000 per year. Consolidated
mort. bonds issued to retire all ot her funded and tloatiug debt and to
pay for branch recently purchased from Vermont A Mass. RR. Opera¬
tions and earnings for four years past were as follows:
Gross
Net
Div
Passenger
Freight (ton)
Years.
Miles.
Mileage.
Earnings. Earnings. p. c.
Mileage.
6
100
3,927,511
12,637,957
$470,102 $159,484
6
591,346
100
179,030
6,144,189
18,975,296
6
100
611,043
6,415,412
197,717
19,318,243
6
1881-82
ICO
587,384
162,460
7,207,081
20,421,143
New York d Canada.—Dec. 31, 1882, owned from Whitehall, N. Y., to
Rouse’s Point, N. Y., 113 miles; branches: Ticonderoga, N. Y., tp Lako
New
..
..
..
Plattsburg and the Montreal A Plattsburg railroads.
was
completed Sept. 18, 1876.
ware
A Hudson Canal
The whole lino
The road is virtually owned by the Dela¬
Company, which guarantees the bonds. The stock
i880-81 were-$654,519; net, $217,414;
1881-82, gross earnings, $765,056; net,
is $4,000,000.
Earnings m
deficit to lessee, $15,517. In
$195,131; loss to lessees, $11,303. (V. 32, p. 98.)
New York Central d Hudson.— Sept..30,1882, owned from N. Y. City to
Buffalo, N. Y., 442 miles; branches on N. Y. Cent, division, 298 miles;
total owned, 748 miles; lines leased—Troy A Greeenbush, 6; Niagara
Bridge A Canandaigua, 98; Spuyten Duyvil A Port Morris, 6; N. Y. A
Harlem, 127; Lake Mahopae, 7; total, 245 miles; grand total, 993miles.
The second track owned is 508 miles; third track, 317 miles; fourth
track, 298 miles; turnouts, 539 miles—making a total of 2,657 miles of
track owned by the company. This company was formed by a ccrsoli
datiou of the New York Central and the Hudson River railroads October
1,1869. The New York Central was a consolidation of several roads
xlviii
RAILROAD
STOCKS
.
AJSfD
BONDS.
[Vol. XXXVII.
==a
great favor by giving immediate notice of any error discovered in tliese Tables.
-----
Subscribers will confer
a
DESCRIPTION.
Miles
For explanation of column headings, Ac., see notes
on
first page
of tables.
Road.
New London Northern—Stock
let mortgage bonds
2d mortgage
Consol, mortgage (for $1,500,000)
N. T. <& Canada—1st M., sterling, guar. D.A IT. Can.
New York Central <£ Hudson River— Stock
Premium bonds (N. Y. Central) ext. 10 y’rs, ’S3..
Renewal bonds
2d mortgage, sinking fund (Hudson River)
New mortgage
J ^J^oooiooo \ couPon
1
of
100
100
100
121
113
903
....
840
840
521
513
513
{
($22,000,000 ispref.)
or V(‘Z'
N. Y. Chicago db St. L— Stock
1st mortgage, gold (for $15,000,000) coup, or reg.
2d mortgage
..
2d mortgage, guaranteed (for .$5,0u0,000)
N. Y. Lake Erie & West.— Stock, common
Preferred stock
1st mortgage (extended in 18G7 to 1897)
2d mortgage, convertible (extended in 1879)
3d more, (extended 40 years at 4*2 p. ct)
4th mort., conv. (extended in 1880 at 5 per'cent)
5th mortgage, convertible
Buffalo Branch Bonds
*
....
....
Long Dock Co. mortgage
1st consolidated mortgage, gold
do
funded
do
under
.
coupon
bonds
.
.
„
„
....
$100
$1,500,000
1853
1854
1,000
1873
1873
i,doo
2,391,000
1.422,900
27,405,0009,733,333
1,000
100
.
.
....
1872
i,ooo
1,000
1,000
1,000
1,000
100
100
1847
1879
1853
1857
1858
1801
1803
1870
1878
O.
100 Ac.
100 Ac.
50
50
1,000
1,000
1,000
1,000
1,000
500 Ac.
100 Ac.
1,000
1,000
special law of April 2, 1853. The Albany A Schenectady Rail¬
road opened September 12, 1831, as the Mohawk A Hudson,
ft was the
first railroad built in the State of New York. The famous scrip divi¬
dend of 80 percent on the capital stock was made in December. 1858.
and on the consolidation with the Hudson River road (Nov. 1, 1869) a
further dividend of 27 per cent was distributed on the N. Y, Centra!
stock and 85 per cent on the Hudson River stock. The mortgage for
$40,000,000 was issued to lay the third and fourth tracks, with a
sufficient balance retained by the company to retire all prior bonds. In
387,500
812,000
1*2
When
Where Payable, and by
Payable
Whom.
July 2. 1883
Sept., 1885
July. 1892
July, 1910
N.Y., Gr. Central Depot.
July 10. 1883
A.
J.
J.
M.
5
M.
J.
J.
J.
J.
A N.
A D.
A D.
A J
A J.
J.
M.
J.
M.
A
A
A
A
7
6 g.
Stocks—Last
Dividend.
New London, Office.
A O. N. Y., B’k of N. America
A D.
do
do
A J.
do
do
A N.
London. Baring Bros.
Q.-J.
6 *
7
5
9 g.
2
6
7
Bond#—Princi¬
pal,When Due
Q.-J.
do
do
do
do
do
do
do
do
London.
May 1.1904
May 1, 1893
Dec. 15,1887
June, 1885
Jan. 1, 1903
Jan. 1, 1903
50.000,000
0 g.
0
15,000,000
10,000,000
4,000,000
7
3,197,000
6
(f)
900,000
6
7
1,800,000
7
8,500,000
1,500,000
11,100,000
10,000,000
12,000,000
3,000.000
77,087,000
7,987,500
4
4
7
2,482,000
2,149,000
4,852,000
2,920,000
709,500
182,000
3,000,000
10.050,000
500 Ac.
a
Rate per
Cent.
300,000
500 Ac.
100
...
1880
1883
1,000
-
Outstanding
89.42S.300
6.032,300
40
-
Pur
Value.
100
500 Ac,
1,000
•
Amount
4,000,000
1881
1875
....
INTEREST OR DIVIDENDS.
or
lOOAc.
500 Sec.
1,000
£100 Ac
02
132
132
132
200
200
200
Size,
1805
1872
1880
1874
1881
1883
1882
1880
Equipment bonds
N. T. City & Northern—General inort
2d mortgage, for $2,000,000
New York <£ Greenwood Lake.—1st mort., income
2d mort., income
New^Yoik <£ Harlem— Common stock
Preferred stock
Consol, mort., coup, or reg., (for $12,000,000)
N. Y. Lackawanna d- Western.—Stock, guar., 5 p.ct.
1st mortgage, coupon, may be registered
Date
of
Bonds
3.704,028
1*4
6 £•
5
0
7
5 g*
D. N. Y.,Metrop’tan N. Bk.
S. N.Y., Union Trust Co.
J. N. Y., Metrop’tan N. Bk.
N. N. Y., Company’s Office.
Dec. 1, 1921
Mar. 1, 1923
1885 to’94
May 1. 1910
1911
F. A A. New York, Co.’s Office.
M. A S.
do
do
J. A J. N.Y., Gr. Central Depot.
J. A J.
do
do
M. A N.
do
do
N. Y. by D. L. A W.
Q.-J.
J.
A
•
•
.
J.
New York
Agency.
July 2, 1883
July 2, 1883
May, 1900
July 2, 1883
Jan.
•
Yearly.
N.Y., IS Cortlandt St.
M.
M.
M.
A.
A N.
do
do
A S.
do
do
A S.
4*2
do
do
5 gA O.
do
do
7
J. A D.
do
do
7
J. A J.
uo
do
7
J. A D.
do
do
7 g. M. A S. Now York and London.
7 g. 1 M. A S.
do
do
1. 1921
1923
Jan., 1883
May
1, 1897
Sept. 1, 1919
Mar. 1, 1923
Oct. 1, 1920
June 1. 1888
July 1. 1891
Jan., 1893
Sept. 1, 1920
Sent. 1.
1920
by the. D.L & W. officials. In 1881-82 gross earnings were $309,400; net,
p. 22, 71. 95. 200, 373,405; V. 30, p.252; V. 37, p.G8.)
New York Lake Erie <£• Wcsiei'n.—Sept. 3U, 1882, owned trom
Sufferns,
N. Y., to Dunkirk, N. Y., 430 miles : branches—Piermont, 18 miles; New-
$148,345. (V. 35,
Tmrsr. 18 miles: Buffalo. GO miles: Erie
Rutherford to Ridgewood, 11 miles;
International
RR..
5
miles;
leased—Montgomery & Erie RR.,
10
miles; Goshen A Deekertown. 12 miles; Newlmrg As New York,
13 miles; Paterson Newark. AN. Y., 11 miles; Hawley A Honesdale, 24
miles; Jefferson RR., 37 miles; Buf. Brad. As Pittsburg and extension, 06
November, 1879, 250,000 shares ($25,000,000) were sold to a syndicate miles; Buff. N. Y. As Erie, 140 miles; Suspension Bridge Sc Erie Junction,
of bankers by Mr. W.Il. Vanderbilt at the juice of 120. and 100.000 23 miles; Rochcstf r As G.enessee
Valley, 18 miles; Avon Gen. AMount
Prices of stock have been:
shares more afterwards.
Morris, 17 miles; Paterson & Hudson, 15 miles; Paterson A Ram., 15
1 883.
1882.
1882.
1883.
miles; Lockport As Buffalo. 13 miles ; Buffalo At Southwestern, 08 miles;
Jan
135 VlfiSlt 128 h-123*8 July.
130*2-130*2 120 VI1358 controlled—Newark it Hudson, 0 miles; Weehawken New York A Fort
Feb
131 -12s J4 127 V124 *4 August. 138
Lee. 5 miles; Northern of N. J., 25 miles; total operated, 1.060 miles.
132*8
March... 134*8-129
In 1881 an arrangement was made torcomnletion of line from Marion,
129*8 X 125 Sept’ber 137 VI32-h
12**2 125
to Chicago, forming a through route.
April
1:3*2-] 25
(K'tober
134*4-131*2
See Y\ 32, p. 013. On May 1,
128 Vl 33 "3 125 VI 20*4 Nov’her
152V125
May
1883, began to <>)>ei ate the N. Y. Penn. As O. under lease. Bee V. 30, p. 420.
Juno..... 133 V 1—3*1
125 -118 *•>
Dee’ber.. 131 *4-* 25*4
The New York A Elio Railway went into the hands of a Receiver
Animal report for 1881-2 was published in the Chronicle, V. 35, p. 734.
in 1859, and in 1861 the Erie Railway was organized as its succes¬
REVENUE ACCOUNTS —is / 8 TO 1882—LIVE YEARS.
sor.
The Erie Railway defaulted on its bonds in 1875, and was sold
Year
Net Income, Diviin foreclosure under the second consolidated mortgage in 1878.
Tho
ending Passenger Freight (Am)
Gross
over exp., (lends,
present company was organized and took possession June 1, 1878.
Sep. 30. Mileage.
Mileage.
Receipts. int.A rents, p. e. Surplus. Under the plan of voouganiza-l'inn the above, statement represents
1878.300.302.140 2,012,755,132 $2S,;>10,555 $*.038,115 8
$898,917 all the stocks and bonds issued to Beptomber 30, 1882.
By the
1870.290,953,253 2,295,825.387 28,390,583 7.594,4 85 8
454,957 terms of the plan one-half of the stock, both common and preferred, is
1880.330,802.223 2,525,139,14'» 33,175,913 10,509,219 8 3,427,730 issued to “ Voting Trustees” in London, who shall vote on them until
1881.373,7< 8.930 2.0 16,* 1 4,098 3_\318.395
7.892.327 8
tlu* dividend on the preferred stock (0 pm* cent) has been paid for three
754,484
1882.432,243,282 2,39 1,799,310 30,058,75 1 5,713,1 04 8 *1,401,008 consecutive years (See V. 30, p. 1). The ffindcd coupon bonus are se¬
*
Delicif.
cured by lien of consol, niortg. Tiny second funded coupon bonds are
5 percents till June, 1883, and at ‘or that 0. On the, second mortgage and
—(V. 35, p. 545, 720, 731; V. 30. p. 2SO, 340, 530; V. 37, p. 48.)
New York Chicago <£ St. Louis.—Buffalo, N. Y.. t > Grand Crossing, Ill., second funded coupon no foreeh sure can take place till six successive
514 miles; Grand c rossing to Chicago (leased). 7 miles; t*>t al, 52 l mi:es. coupons are in default, but all of ore coupon’ must be paid before any
part of a subsequent coupon ispa.-L
This company was formed in 1881. and became familiarly known as the
In S8'2the reorganization first
“Nickel Plate.” Of tlu* stock $22,000,000 is pref. O per < eat. The “ sub¬ lien bonds dated 1878 were issue, ! to procure money for laying double
scriptions” to tlic bonds of the company were on the basis of $13,333 track west of Ilorneilsville, to complete tlic double track throughout.
cash, for which were given $10,000 in 1st, mort. bonds, 200 shares of These bonds rank next to tlu* first consolidated mortgage and its funded
coupons.
In 1 8S3 the. collateral trust bonds were issued, amounting to
io securities. The equipment bonds draw interest at 7 p. e. par
from Jan 1. $5,009,090. (See V. 20, p. 22 i. Preferred stock lias a prior right to
the principal is payable $400,000 yearly, 1885 to 1-95. In 0 per cent Gum-cumulative* from the net profits, ” as declared by tho
1883;
October. 1882, the famous sale of the stock to a syndicate took place, board of directors,” ami in Jan., 1883. it was decided by the IT. 8. Circuit
including 124,800shares of common stock and 140,500 preterred, at the Court that wlnn sufficient earnings were shown the dividend must be paid
Prices of stock have been as follows:
respective prices (as repot to 1) of 17 a d 37. Parties connected with the
-Common.-Preferrod.Lake Shore A Mich. Bo. were purchasers, and in January, 1883. it was
18S2.
1883.
18S2.
voted to issue $0,500,000 Lake Shore consol, bonds to p-yfnr this
1883.
43*8- 38*4
85 - 79
83
4078- 3778
79*3
stock, which is held by the Lake Shore A Michigan Southern Co. (V. 35. January
3 13a
4 0:-s- 35
39
803a* 73
80 - 75
February...
p. 23. 230, 249, 205, 200, 405. 479, 487, 517, 510, 570, 05S ; V. 30, j>.
March
38 - 3b*e
77 V 07
3SV 34
140, 312. 427, 731; V. 37, p. 23.1
3 / 7g 3 l *2
78 - 71*2
April
39*4- 30*9
New York City iC Northern.—Doe. 31, 1882, owned from 157tli Street
81*2- 80*3
37*o- 33 7s
36 V 3 U*3
74 - 72
In 8th Avenue, N. Y. City (connecting with Metropolitan Elevated), to May
79V 78
75 - 09*3
37:$S- 33*4
38*4- 35*8*
BrewBtcrs, N. Y.. and blanch, 54 miles. This company was organized June
81*4- 75)
4 1 V 3 5»**8
March 1. 1878, and acquired the N. Y. West. A. Put mini (formerly the Julv
377s - 34**3
80 - 70
81*2- 73
4 1*8- 3S*8
8 i *4- 77
N. Y. & Boston Railroad), sold in foreclosure March, 1870. The com¬ August
-87 V 80
43*V 39*9
pany in May, 1880, leased the West Side A Yonkers road for 999 years, September
October
4 3 Ci- 3 a 78
s7 V 837a
and the consolidated mortgage was issued to take up all the other bondn.
November
40V 34*4
of which $274,000 under a prior mortgage were outstanding Nov. 1.
85*4* 80*4
403s- 35$t
1881. ■Stock is $2,990,000. Default was made in interest due May 1. December
88*4- 82*8
The
last
annual
report was published in the Ciikoniclk, V. 35, p. 035.
1882. and foreclosure is pending. See proposed plan of r< organization
Tlu*.
operations and earnings for four years past were as follows:
V. 30. p. 300, 090.
Gioss earnings in 18S1-52, $237,004; net loss
Oijcra lions
1873 -79.
1S79-8 ».
1*80 81.
1831-82.
$71,ill. (V. 35, p. 132, 321. 374: V. 30, j>. 102, 300. 099.)
Pas-enger m lleago.. .149,115, 713 180.400,204 200.483,790 225.130.883
New York <£• Greenwood Lake.— Dee. 31, 1882. owned from Jersey Citv.
Ra te p. pass p. mile,
2'Oil cts.
1 -947 cts.
2-010 cts.
g*091 cts.
N. J.. to Greenwood Lake, 4S miles; branches—Ringwood Junction to
Ringwood, 2 miles; North Newark to Orange. N..I.. 8 miles ; total, 58 Freight (tons) mii’ge. 1509222417 1721112095 1984391855 1954389710
\v. r ite p. ton p.milo
0-7-0 cts.
U'836 cts.
O'sC-l cts.
miles.
0 749 cts
This was tho Montclair Railroad, opened in 1874.
It was sold
$
•$
sml reorganized as Montclair A Greenwood Lake, and again sold
Earnings—
*$
$
3 0.82 951
3.118,9 !4
October 12, 1878, and the present company organized. The New York
Passenger
4,041,207
4,384,510
Lake Erie A Western purchased a controlling interest in the property Freight
12,233.4 81 14,391,115 15,1*92,275 14,042,128
Mail, expr’s,rents, Ac.
and now operate it. The holders of the second mortgage bonds have
589,598
01.9,042
082,003
949,136
a right to pay oil'the first mortgage bonds of $900,000 at 105. and thus
Total gross earn’gs. 15.942,023 18,093.108 20.715,005 19,975,774
he Erie $101,029; to Cooper A Hewitt $10,197.
Operating cxp’nscs 11,174,097 11,043,925 13,250,230 13,088,093
In 1881 tiie net deti. it
in earnings was $41,003; net earnings in 18-2 $20,411.
Abram S.
Net earnings
0.887,081
Hewitt, President. (V. 30, p. 61 3 ; V. 37, o. 151.)
4,707,321
7,019,183
7,459,875
N. Y. db Harlem.—'Scpt. 3u. 1882, owned from N. Y. City to Chatham
P. c. oj>. exp. to cam’s
7009
02*29
64 00
05*50
N. Y., 127 miles. From Chatham to Albany, 24 miles, the Rost. A Alb.
rROFIT AND T.OSS.
HR. is used. This company owns 5*2 miles of street railroad on the
Credits—
IS 80.
1881.
1882.
Fourth Avenue. The property (except the horse railroad) was leased
Net earnings
$7,049,183
$7,459,375
$0,887,081
April 1, 1873, for 401 years, to the N. Y. Central A Hudson River UR., Other receipts
783,957
844,300
780,054
et a yearly rental from the lessee of S per cent dividends on the stock and
the interest on the bonds. Tho Fourth avenue horse railroad, together
Total credits
$7,833,140
$8,303,08 L
$7,008,335
with valuable real estate, was retained
Debits
by this company, and extra
dividends are paid out of the receipts therefrom annually in April. All Pavouia ferries —expenses....
$210,318
$249,043
$245,108
operations of the main road are included with those of the N. Y. C. A II. Interest, on funded debt.
3,903,872
4,310.309
4,148.745
New York Lack, ct West.—From Bingliamtou to Buffalo and Internation¬ Long Dock Co. bonds.—inter’t
21O.OU0
215,000
210,000
al Bridge, 211 miles, built under the auspices of Del. Lack. A Western
Weehawken Docks—interest..
0 1,453
04,453
64,453
Opened Oct, 1882, and leased to Del. Lack. A Western for 99 years, Guaranteed interest
131,928
80,914
50,008
with a guaranty of the bonds and 5 per cent yearl’’on the stock. The Rentals of leased lines
602,952
639,802
704,301
latter guaranty is written across tue face of tho certificates and signed Sas. Br. Sc E. June. RR.—rent.
25,701
18,293
17,901
...
Srcf. and 200 shares of coin, stock, making $50,000 of the.
value of
-
.
-
.
-
.
.
.
.
-
.
,
.
.
.
.
—
,
•
•
m
+
-
m
m
.........
..
fain control of the property. The stock is $100,000; advances due to
-
.
.
RAILROAD
August, 1883. J
Subscribers will confer
a
STOCKS
AND
BONDS.
xlix
great favor by giving Immediate notice of any error discovered In tliese Tables.
DESCRIPTION.
Miles Date Si ze, or
of
of
Par
Road. Bonds. Value.
For explanation of column headings, Ac., see notes
on first page of tables.
Bo nds—Prin ci -
INTEREST OR DIVIDENDS.
Amount
Outstanding
Rate per | When Where Payable, and by
Cent.
Whom.
Payable
pal,When Due*
Stocks—Last
Dividend.
N. Y. Lake Erie & Wen'em— (Continued)—
Reorganization 1st lien bonds, gold
N. Y. L. E. & W., 2d consol, morr., gold
do
income bonds (uon-eum.)
Trust bonds, with collaterals
New York dLong Branch—Stock
m~m
.
38
Mortgage bonds
....
N.Y. ct-N. England—Stock (.{>20,000.000 auth’rized)
1st mortgage, new ($6,000,000 are 7s)
2d mortgage
New York New Haven d Hartford—Stock
.Mortgage bonds, reg. (for $3,000,00 )
Harlem A Portchester. 1st mortgage guaranteed.
do
do
2d mol t., coup, or l og
Ncic York Ontario d Western—Preferred stock
Common stock
New York Earn, d Ohio—Prior lieu bonds,gold,$A£
1st inert., gold, incomes till July, ISbo, $ A £...
2d mortgage, incomes. $ A £
3d mortgage, incomes, $ & <£
1188790--022.
-
Niagara Bridge d Canandaigua
Stock ...”
1830.
Total debits
263
1876
•
•
....
1,000
1,000
18-3
1873
1,000
12
3 41
344
427
1881
1,000
-
83
50
12
114
72
....
.....
....
463
16
18*1.
$1,279
100
1,000Ac
1880
1880
1881
500 Ac.
1 869
18*1
1*81
1*80
18*1
1882
1882
18*1
1883
1882
1,000
500 Ac.!
1,000 j
;jU0 Ac.
500
l,000Ac
1,000
....
1,000,000
250.000
$6,501,693
—(V. 33, p. 642, 745.)
New York d New England.—Sept. 30, 1882.’mileage owned was as fol
lows; Boston to Hopewell Junction, 215 miles; Wicopee to Newburg, 3
miles; Providencet«* Willimantic, 38'miles; brunches—Brookline. Mass.,
Woonsocket, R. L, 34 miles; L. Thompson,"Conn., t.o Smithbridge,
Mass., 17 miles; Islington and Elmwood to Dedham, Moss., 3 miles;
Charles R. t.o Ridge Ilill, M ass., ‘2 miles; Dorranee Street, in Provi lence,
1 mile; total owned, 333 miles.
Leased—Franklin to Vaiicy Falls, 14
miles; Vernon to lioekviile, 4 miles; Springfield to E. Hurl ford, Ac.,31
miles; Norwich A Worcester UK 06 miles; total leased, 119 miles; also
to
,
miies more Total operated, 178 miles.
The former Boston Hartford A Erie Kailroad became insolvent and was
succeeded by this company, formed in 1873. The Boston Hartford A
Erie’s principal debt was t he Berdell mortgage for $20,000,009, which
was made exchangeable into the stock of this present
company, and on
Sept. 30, 1882, $3,198.000 yet remained to be exchanged.
In 1878-9
the company acquired t lie Hartford Providence A Fishkill Railroad by
the payment of its bonds. On Sept. 30, 1882, there was $1,734,432 of
floating debt. In June, 1882, $5,ooo,000 new bonds were, authorized,
and stock owned by theSt.ite of Massachusetts was sold to the stock¬
holders at 50 per cent, while t In* r-eeond mat gage bonds to »he amount
of $1,737,000 were issued to the State of Ma-sachuseits.
See annual
report in V. 35. p. 656, for this and other financial operations of the
year.
Operations, Ac., tor three years past were:
over 26
Freight (ton)
Mileage.
316
Gross
Earnings
*2,324,9 10
‘ 2,092,374
Net
Earnings
$771.9 s 3
830.876
41,702,072
43,078,700
412
46,738,366
(11,562,865
1 03.008.053
412
9 13.173
55,853,6/2
3,302,789
—(V. 34, p. 205, 4GL 479, 055, 683, 714; V. 35, p. 79, 161, 212, 298,
348, 576, 656; V. 36, p. 80. 510.)
......
N. Y. N. Haven d Hart/.—Sept. 30, 1882, owned from Harlem Junction,
N. Y., to Springfield, Mass., 123 miles; branches to New Britain, .Middletown audSutlield, 18 miles; leased—Harlem A Portchester lilt., 12 miles;
Shore Line RR., 50 mill's ; total operated, 203 miles. This was a consoli¬
dation July 24, 1872, of the N. Y. A New Haven and the. Hartf. A N. II.
railroads. The company uses the N. Y. A liar. Jill, from Williamshridge
into N. Y. City and pays a large tdi therefor.
The company leases the
Har. Riv. A Port. RR. and
guarantees the bonds. In Nov.. 1882, the
lease of the N. Y. A Boston Air Line for 99 years at 4 per cent per an¬
num on the preferred stock was made.
In Sept... 1882, the stock of the
Hart. A Conn. Val. road was purchased. In April, 1881, a controlling in¬
terest. was bought, in the N. Haven A Northampton Kll. stock, by parlies
in the interest of this company.4 Operations in 1881-32 as below include
for the first tune the Shore Line, road; gross receipts from all sonrcccs,
and net income over rentals and alt charges, have been as follows:
Passenger' Freight (ton)
Gross
Net
Div.
Years.
Miles.
.Mileage.
Mileage.
Income, p. c.
Receipts.
152
125,300,345
78.372, sOO $1,533,3 42 $2,729,250
10
153
152.730.090 10s.611.607
5,292,624
3,436,435
10
185.261,407 117,479,231
6.159.829
4.1G*,037
10
—(V. 34, p. 5S; V. 35, p. 21,297,298,517,602; V.30, p. 28,81, 170.304,
510, 611, 731.)
New York Ontario d Western.—September 30,1882, owned from Os¬
to Middletown, N. Y., 219 miles; branches to Courtland.
wego, N.
N.Y. ,48 miles; to New Berlin, 22 miles; to Delhi, 17 miles; to Ellen-
ville, 8 miles; total operated. 344 miles. This was the New York A
Oswego Midland.. Main line was opened July, 1871. Default was made
in 1873. and the property placed in the hands of Receivers Sept. 13.
1873. The main line
present
company
assessments
about
j.831, a contract was
was.sold in foreclosure. November 1 4,1879. The
organized
January
22.
1880.
'From
$9,000,000 was received, and in
February,
made with the North River Construction Company
capital $10,000,000) for completing the road. In September, 1*81,
further agreements were made with the New York West Shore A Buffalo
road. The stockholders of record Aug. 5, IS *'2, had the privilege of
taking $10,000,090 of the first mortgage 5 per cent bonds of the N. Y.
was
-
do
do
N.Y., Brand Cen. Depot.
do
do
do
do
do
do
Jan., 1905
Aug. 1, 1902
Jan. 2, 1883
June 1, 1903
1903
June 1. 1911
March 1, 1883
,
6
6
6 g.
5 g.
5 g.
6 o•
3
1,000
$6,416,2-3
Mileage..
4
.6
6 A 5
1*81
A I).
A O.
A I).
Bost.,Treasuier’s Office.
J.
M.
M.
J.
o
CO*
600,000
1,000,000
J
M. A S. London and New York. March i* 1895
A J.
do
do
July 1, 1905
A N.
do
do
May 1, 1910
A N.
do
do
Nov.. 1915
A J.
New York Agency.
July 1, 1921
Q„—F. N. Y., M. Morgan’s Sons. Aug. 10, 1883
I. A J.
do
do
July 1, 1899
A. A O,
do
do
April 1, 1901
J. A J. N.Y., Central Trust Co. July 1, 1911
V. A (). N. Y
Nat. Park Bank.
April 1, 1910
I. A D.
N. Y., 93 Liberty St.
1911
g.
g.
g.
g.
6 g.
250,4)00
bdo.oo *
3, Ol >0,000
1, 1977
1, 1922
Y., 119 Liberty St.
■
rr
i
6
6
$6,012,519
Passenger
5
4
6 A 7
4
12
CO
3,000,000
1,900.000
1, 1908
1. 1969
m
A
<>
892,198
„
A A.
A J.
900,000
944.196
.
F.
J.
J.
A.
J.
1,000
1,000
1882.
$
....
.
J.
18*0
18*1
$11,327
755,935
N.
'
6
6
7
5
5
Dec.
Dec.*
June
Nov.
s
6 A 7
0,000,000
300,000
2,500,<iO0
3,500,000
.
....
1,000Ac: 50,000,000
Railroad and Central of New Jersey agree. 1opa.v32 per cent, of gross
traffic—$206,000 per year as a minimum to $240,099 as a maximum.
Miles.
o
m
5
58,113.982
8,000,000
38,371,000
14,500,000
1,000
1,000
jority of the stock, and bv vmilract of Jan. 3. 18*2, tin-. Pennsylvania
Years.
1379-80
Ac.
Ac.
Ac.
Ac.
100
....
New York d Long Branch.—The following-named companies were
consolidated on the21st of December, 1*81 : Ne w York & Long Brunch
RR., from Perth Amboy to Long Brunch, 23 miles; New Egypt A Farmingdale RR., from Long Branch to Ocean Beach, 7 ; Long Branch A
Sea Girt RR., from Ocean Beach to Sea Girt, 3; New York A Long
Branch Extension RR., from Sea Girt to Point Pleasant., 3 ; Long
Branch A. Barnegat Bay RE., from Point Pleasant to Bay Head, L;
total length, 38 miles.
The Central KB. of New Jersey holds a ma¬
running arrangements
15,500,000
2,000,"00
2,000,000
J ,000,000
2,000,000
500
500
500
500
18 so
1SS0
m
3,000,000
....
Surplus income
$1,790,620
$1,*87,417
$1,160,042
—(V. 34, p. 1, 143, 147, 231, 409. 435, 475, 673, 688 ; V. 35, p. 51, 103,
160, 348, 405, 430, 431, 617, G35. 638, 763; V. 36. p. 2, 3u, 81, 170,
20S, 221, 312, 340, 366, 427, 479, 561, 675; V. 37, p. 48.)
has
16,502.000
10,000,000
M. A N. New York and London.
J. A 1).
do
do
I. A n.
do
do
M. A N.
do
do
6
6
1,500.000
....
12
...
508,008
5,000.009
2.000,000
....
....
6 g.
6 g.
$2,500,000
33,597,400
*
153
153
98
75
75
Norfolk d Southern—1st mortgage, gold
2d mortgage, income (cumulative)
Paterson & Nowark RR-rent.
Other expenses
....
460
460
.
500 Ac.
300 Ac.
....
....
400
Pittsburg d Chic.—1st M., gold ($13,000 0. m.)
N. Y. Prov. d Boston—(Stouiugton)—Stock.....
First mortgage
$1,000
1882
1882
N.Y.
1st mortgage
N Y. Susqneh.d Western—New mort., gold
First mortgage. Midland of New Jersey
Mortgage, gold, on Paterson Extension
Debeuuire bonds.
N. Y. Tex. d Jlex.— 1st M.. gold, 1. g. (for $3,000,000)
N.Y. West Shore d Buffalo—1st M.. gold, coup. -A reg.
W. Shore A Out. Terminal Co., 1st M.. gold, guar.
N.Y. Woodhavch d Roekaway.— 1st mortgage
1878
1878
1S78
1882
A. A O.
J.
A J.
F.
J.
A.
M.
A A.
A J.
A O.
A S.
Yearly.
gl
A. A On
New York A London.
New York or London.
New Y’ork.
N.
Y., Fisk A Hatch.
New York.
N. Y..
Dominick A D.
Aug- 1. 1897
Oct.
1,
1912
July. 1931
Aug. 1, 1923
Jan. 1, 1902
April 1, 1883
Sept. 1, 1920
Jan.
Oct.
1, 1970
1, 1892
West Shore A Buff. RR. on paying 50 per cent in cash. The annual
report for 1881-82 was published in the Chronicle, V. 36. n. 250.
Preferred stock to receive 6 per cent (non-eumulative) from net earn¬
ings; surplus goes to common. In March, 1883, dividends for two years
were paid on preferred stock.
In 1880-81 gross earnings $925,044; not,
$217,543. In 1881-82, gross, $1,030,504: net, $188,291. (V. 34, p.
87. I 74; V. 35, p. 132, 161. 212; V. 36, ». 2 5 0 )
and branch, 81 miles; Niles A New Lisbon RR., Niles to New Lisbon, 36
miles; Liberty A Vienna RR,, Vienna Junction to Vienna, 8 milos; Ohio
Line to Sharon, Pa.. 2 mile; Sharon K’y, and extension. 17 miles; total
operated, 565 miles.
Changed to standard gauge June. 1880. Formerly
Atlantic A. Great Western Railway. Sold July 1, 1871, and leasod to
Erie on May 1, 1874, but lease not carried out. Again in hands
of a Receiver Dec. 9, 1874.
Sold Jan. 6, 1880, and reorganized by-a
London commit tee of stock and bond holders. (8eC V. 30. p. 143.) From
May 1, 1383. leased to New York L ike Erie A Western. The terms of
the contract provide that the New Yorx Lake Erie A Western, as lessee,
shall pay tin* minimum sum of $:,757."55 yeatly (the net
earnings of
1882); the actual rental wiil he 32 net* c.nt of all gross earnings up to
$6,00u.Ooo, and 50 per cent of all gross earningsjabove $6,O00,o00,
until
the average of the whole rental is raised to 35 per cent, or until
earnings are $7,2 0,0<)0. and then 35 per cent of all earnings.
But if 32 per cent of the gross earnings should ever be less than the
t lie gross
$1,757,055 to be paid yearly; then the deficit is to be made up without
ini crest- out of the excess m any subsequent year.
Out of the rental
paid, the N. V. P. a (). lias to pay its interest and rentals, aud for five
years a payment of $269,000 a year to the ear trust.
Five trustees are to exercise thevocingpower of the new stock until the
third mort. bondholders receive 7 per cent interest in cash during three
years. Three of these trustees are. to i>e chosen annually by a majority in
value of the first mortgage bondholders, one by the second mort. bond¬
holders, and the tilth by the leased line bondholders. The. first mortgage
bonds hear 7 per cent, "whatever portion of this that may not be earned
lo be payable in deferred warrants, to be capitalized in bonds of the
class; payment j>f interest to become absolute not later than July
1. 139.7, ami until June 1,185)5, the right to foreclose the mortgage fa
suspended. On the second and third mort gages there is no right to
sue tlie company or to foreclose. The stock
is—pref. shares, $10,009,000;
common shares. $35,000,000.
On Jan. 1. 1882, the. coupon on 1st mortgage bond was passed.
The
annua! report in V. 36, p. 398. gave t he gross earnings for 18S2,
$5,831,0 82 ; net income. $ ’,078.0 4 t ;
disbursements, $2,111,691.
(V. 3 i. p. 37, 267, 292, 313, 605; V. 35, p. 103, 373, 517; V. 36, p.
same
—
252, 286. 366,
COS. 427.)
New York PHtsbnrg d Chicago.-This is the projected line from Red
Bank, l’a., to Huntington, Imi.. and to Chicago, forming a western con¬
nection for t lie. Central of New Jersey. The company was
building from
Wampum, Pa., to Marion, O., 165 miles, and the whole route was to ex¬
tend from New York City to Marion. O.
Henry Day, N. Y., is trustee
ol the mortgage, amt Gen.-J. 8. Negiey, Pittsburg, is President.
N. T. Prov. d Boston.—Sept. 30. 1882, owned from Providence. R. I., to
Groton,Conn., 62 miles; Warwick Rli., 10 miles; operates alsoPawtuxet
and Pontiac branch roads, 10 miles; total oper .ted, 82 miles. Owns a
majority interest in the Prov. A 8ton. Steam.shii Line, which has a capial of $1,100,000.
Operations and earnings for four years past wore:
Gross
Total net
Freight (ton)
Passenger
Years.
Miles.
Earnings.
Income.
Mileage.
Mileage.
1878-9...
63
19,377,4! 0
11,407.971
$685).008
$318,656
71
1379-MO
22,107,232
779,885
11,290,320
349,096
18x0-81
22.862,036
13,05)8,1 13
957,717
355,245
Is 81—<2
23,836,503
14.700,005 1,065,650
375,079
-(V. 35. p. 656.)
New York .Susquehanna d Western.—West End, N. J., to Uni on ville,
N. Y., 72 miles;
Two Bridges, N. J., to Gravel -Place, Pa., 50 miles;
branches, 9 miles, leased Fnionville to Middletown, N. Y., 13 miles;
i.o i Branch, 2 mih-s; total owned, leased and operated, 146 miles.
Tuis was a consolidation in June, 1881. of- the. Midland of N. J., the
Paterson Ext., tin*-North Jersey,tin* Pa. Midland and the Midland Con11eel ing railroads
Stock, common, $5 3,01)0,000; preferred (cumulative
7 per cent). $S,000,nn().
The N. J. Midland junior securities were ex¬
changeable into stock of This company on certain terms (see V. 36,
n. .736, .788.)
Cross earnings,. 1 38 l. $6 tO,*5] ; net. $21 6.424.
(V. 34, p..
63, 205, 179,521. 573: V. 35, p. 185), 213, 291.431,51,; V. 36, p.
81, 536, 5S8 : V. 37. p. v3.)
New York Texas <C- Mexican.
Line projected from Roscnburg Junc¬
tion, Texas, to Brownsville, 350 mil* s.
.July, 1882, 92 miles in
operation. Mie*r.< ace. $22,850 per mile, covering 5.120 acres of land
(so far as obtained).
; It the grant, which is 10.240 acres per mile,
stock. 8 ,0:My)Oi». See V. 36, p. 479. {V. 34, p. 575 ; V. 35, p. 22, 161,
576 ; V. 36. p. 479 )
.
New
was
a
West
York
Shore
consolidation
in
A
Buf.,
railroads.
the
It
Buffalo. — (See ITIap page 1,)—This
July, 1881, of the N: Y. West Short*
North River
Jersey
City A
Albany and the
is
building a line from Weehawken, N. J., to
d
North Creekc
{Sandy Creole
3)
v^VfeG
rlH
uclpti'
Itlchland
V
a
;Lyons FfQls
**«•*.
s
onevUlo
Iswego
M
WEdward
[Galt
LN. Y.
'arts
W
W.
GT.
O.
5^
ft
S«CJ
w.
7Jorflivillee
N.
llanifltm
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Cui.
!y^
S'M
I
von
V*-
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Cananflaigua^
Qe,
16V ^
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-y.
lburm
SStanle^ ;£
,
Penn Ynnl
/.Pf ^
=1
X
Sardintn\
'v
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CooV*5*
I. Berlin
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5TROY
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y\v\i^ v*'
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New Baltimore,
lA
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Wells V.
i7*;,
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[porry
Bradford
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rrence
(Kinzua.
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Lines V.
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*
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; ■<**»*
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Titus VJ
iii
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Coal Minos
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Johnsonburg ?
James T.
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astle
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Federal Reserve Bank of St. Louis
RAILROAD
August, 1883.]
Subscribers will confer
a
DESCRIPTION.
first page
of tables.
Norfolk & Western.—Common stock
Preferred (6 per cent) stock
Norfolk & Western—(Continued)—General M., gold.
1st M., gold, on New Riv. div, (cp., but may be rg.)
Car trust
Norfolk A Petersburg—2d mort
South Side—1st pref. consol, mort
do
2d
do
guar.
do
3d
do
Petersb’rg
Virginia & Tennessee—Enlarged mortgage
do
4th mortgage—,
common
do
North Carolina—Stock,
Preferred stock
Mortgage bonds
Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
563
563
428
76
81
133
133
133
214
214
223
223
223
North Carolina Midland
North
76
88
56
56
Pacific Cbast—Y&X, and 2d mortgages
North Pennsylvania—Stock, guar
1st mortgage
2a mortgage
General mortgage bonds
Bonds secured by $1,200,000
....
stock
....
Northeastern (S. C.)—Stock, common
102
102
102
1st mortgage
2d mortgage
Consol, mort., gold (for $1,830,000)
Northern (Cal.)—1st mortgage
....
San Pablo & Tulare—1st mort
Northern Central—Stock
1st mortgage, State (Maryland) loan
2d mortgage, coupon, sinking fund
3d mortgage, coupon
Consolidated mortgage, gold, coupon
Consolidated mortgage, gold, registered
C-onsol. general mort., gold, s. f., coup., $ or
2d general mort., “A,” coupon
do
“B.” coupon
£
—
112
47
322
138
138
138
138
138
138
138
138
$....
$7,000,000
1.000
1,000
15.000,000
6,500,000
2,000. <00
552,400
1868
1866
1866
1866
1854
1865
1,000
496,000
1,000
703,000
581,300
r
....
’67-’68
1S82
1881
....
....
....
....
1881
....
1869
1869
1883
1877
1878
200 Ae.
200 Ac.
....
50
500 Ac.
500 Ac.
....
....
50
500
500
1,1)00
4,399,750
O
1,930.500
6
7
7
3
6
8
8
0
6
6
4
6
6
6
6
6
6
5
Q.-F.
322.000
1.000
1,000.000
500,000.
This lease
is subject
the right of atheminimum
N. Y. W. Sh.
A B. of
to
fross
per year,
rental
earnings
but toguaranteeing
the road from Cornwall to Weehawken,
accounting to the N.
for its pro rata share of the earnings. From Cornwall to
Buffalo the North River Construction Company is the builder.
The West Shore Road connects with the Suspension Bridge at Niagara
Y. O. A W.
Fails, and with the International Bridge over the Niagara River, by
means of the branches of the N. Y. Lake Erie A Western running to those
points, for the use of which it has contracts.
The terminal property on the Hudson River A Weehawken is very ex¬
tensive, embracing a water front of 0,790 feet, and containing an area
of 440 acres, of which 200 acres below the bluff are available for tracks,
buildings, piers, etc. This property is owned by a company entit'ed
‘‘The West Shore A Ontario Terminal Co.,” embracing all the rights
under different special charters, and it is leased jointly and separately to
the two railroad companies, and one-ha l' its stock is held by each com¬
pany (the total stock being $5,700,000), and the bonds are guaranteed,
principal and interest, by both of the railroad companies.
-
5
$55,000,0. 0
-(V. 35. p. 200, 330, 538, 570,577.638; V. 3d, p. 50, 100, 310, 407,
530, 591, 051 ; V. 37, p. 48, 151, 175.)
N. Y. Woodhaven d: Itoehaway.—Dec. 31, 1882, owned from Glendale
Junction, L. L, to Rockawav Beach, 12 miles. By contract with Long
Island RR. is to control all travel to the Beach by rail. The stpek is
$1,000,000.
Income bonds. 6 per cent. $1,000,000
In 1882 gross
-earnings were $105,(>s2 ; net, $36,501. (V. 31, d. 265)
Niagara Bridge <£ Canandaigua.—Oct. 1, 1882. owned from Canan¬
daigua to Suspension Bridge, N. Y.,' 98 miles. The road is leased in
perpetuity to’ the New York Central A Hudson at $(50,000 per annum.
Has no debt, but prior to foreclosure mortgages were $2,170,000.
Norfolk (& Western.—Doc. 31, 1882, owned from Norfolk, Va. to Peters¬
burg, Va., 81 miles; Petersburg, Va., to Lynchburg, Va.. 123 miles;
Lynchburg, Va., to Bristol, 204 miles; branches—Petersb’gto City Point ,
Va., 10 miles; Junction to Saltvillo, Va., 10 miles. Total operated, 42s
miles. Under construe)ion,: New River Bridge to Pocahontas, Va., 75
miles [since completed]; Cripple Creek Branch, 60 miles.
Default
on the Atlantic Mississippi
A Ohio consolidated bonds was made
October 1,1873, and the road was sold in foreclosure Feb. 10, 1881,
and
was
common
reorganized
as
the Norfolk A Western.
In January, 1883,
stock was increased by $4,000,000 to exchange for Shenan¬
doah Valley RR. stock, and a close working contract was made with
that Co. See annual report in V. 36, p. 193. (V. 35, p. 132, 182, 236,
374, 478, 546, 638, 677, 763; V. 36, p. 56, 81, 108, 193, 252, 275, 366,
472, 591, 731; V. 37, p. 99.)
No. Carolina— May 31,1883, owned from Goldsboro to Charlotte, N. C.,
223 miles. The property was leased Sept. 11, 1871, to the Rich. A Danv.
Railroad for 30 years at a rental of $260,000 per year. Dividends of 6
per cent are paid on the stock, of which the State of North Carolina holds
$3,000,000, and the dividends thus received by the State are applied to
her bonds issued to the North Carolina RR. (V. 34,[p. 550.)
North Pacific Coast.—Dec. 31, 1882, owned from Saucelito to Morcow
Mills, Cal., 74 miles; branch to San Rafael, 2 miles; leased, San Rafael
to San Quentin, 4 miles ; total operated, 80 miles. Stock, $2,500,000.
Earnings in 1881, $277,186: net, $68,994. Gross in 1882, $158,199;
net, $67,418.
No. Pennsylvania— Nov. 30,1882, owned from Phila., Pa., to Bethle¬
hem, Pa., 5t> miles; branches—Jenkint’n to Dela. River, 20 miles; Lansdale to Doylestown, 10 miles; Iron Hill to Shimersville, 2 miles; total,
operated, 88 miles. The Northeast Penn, and the Stony Creek roads are
operated under contract. In May, 1879, was leased to Phila. A Reading
.at d:3>7 per cent on stock till 1883, and 8 per cent thereafter.
J. N.Y\, Union Nat. Bank. July 1, 1893
J.
N. Y.. Nat. Park Bk.
Jau. 1, ’84-’90
J.
Jau. 1. ’84-’90
Petersburg, Va.
J.
do
do 3
Jan.l,’96-1900
J. N.Y., Union Nat. Bank. July 1, 1884
J.
do
do
Mch. 1, 1900
S. Company Shops, N. C.
Mar. 1, 1883
S.
do *
do
Mar. 1, 1883
N.
do
do
Nov., 1888
A
A
A
A
&
A
A
A
A
J. A J.
M. A N
T. A J.
M. A S.
.
g.
.
_
M.
M.
J.
1.
A
A
A
A
A. A
J. A
g.
g.
g.
J.
J
A
A
A
A
A
A
A
do
do
do
do
do
do
do
do
S.
S.
J.
J.
O.
J.
1901
Aug. 25, 1883
Jan.
1.
1885
May 1, 1896
1903
do
do
do
do
Central Pacific RR.
do
5
do
Baltimore A Philadel.
Sept. 1, 1905
April 10, 1883
Sept. 1, 1899
Sept. 1. 1899
Jau. 1, 1933
Jan. 1, 1907
April 1, 1908
July 15, 1883
Annapolis.
Irredeemable,
_
Q.—J.
J.
A.
J.
A.
J.
Nov. 1.
Philadelphia Office.
Charleston, Office.
J.
Baltimore.
O. Baltimore A Philadel.
J.
Baltimore.
O.
Baltimore A Phila.
J.
London A Baltimore.
J j
Baltimore.
J.!
<L> s
i
July, 1885
April, 19001
July 1, 1900
July 1, 1900
July 1, 1904
Jau. 1, 1926
Jan. 1. 1926
file terms of
the several leases will be found under the names
of the leased road.
In April, 1882 purchased at par the stock of
Union RR. in Baltimore, $600,000. The consolidated general mort.(gold)
of 1874 was for $10,000,000 to retire all prior bonds: the bonds are issued
as series “A” and “B” $ or £, series “C” dollar and the “million
dollar” loan. Under the 2d general mortgage of 1876 $1,000,000 more
may
be issued
as
Series C.
Income account for four
1879.
was
Total.
May 1, 1931
April 1, 1932
Northeastern (S. (7.)-Sept. 30, 1882, owned from Charleston, 8. C., to
Florence, S. C., 102 miles. Leased jointly. Lane, S. C.. to Sumter, 8. C.,
3- miles.
Total operated, 140 miles. This company has earned the in¬
terest on its bonds and preferred stock with a good surplus.
In 1880-81
gross earnings were $481,7(50; net, $153,803; in 1881-2, gross, $560,229;
net, $206,146. The preferred stock was exchangeable-dor second mort¬
gage. bonds. (V. 35, p. 656.)
■
Northern California-Baa.
31, 1882, from Oakland to Martinez,
36 miles; Port Costa to Suisun. 17 miles; Woodland to Willows. 65
miles; Willows to Tehama, 3(5 miles: leased, San Pablo A Tulare RR.—
Martinez to Tracy City, 47 miles; total operated, 200 miles.
Com¬
pleted m 1878 and is leased to the Central Pacific till Jan. 1, 1885,
at a rental of $47,500 per mouth for Northern and S. P, A T.
The
Northern stock is $4,710,500. and San P. & T. stock, $1,861,000,
W. V. Huntington. President. San Francisco.
Northern Central.—Dec. 31, 1882, owned from Baltimore. Md., to Sunbury, Pa , 138 miles; branch—Relay to Green Spring, 9 miles; leased—
Shamokin WO. A Fottsv. RR., 28 miles; Elm. AW’nispt. RR., 78 miles;
operated at cost—Chem. RR., 22 miles; Elmira Jeff. A Can. RR. 47miles;
total. 322 miles. This was a consolidation or several roads in Jan., 1875.
of the Construction Co.
given in the Chronicle of Sept. 2. 1882 (V. 35, p. 207.) The stock
is $40,000,000 and 1st mortgage bonds $50,000,000, the U. S. Trust < o.
of New York being trustee. Dec. 1, 1882, the Construction Company
contracted with Winslow, lender A Co. and a syndicate they organized,
for a sale of first mortgage bonds estimated to be sufficient to complete
the road to Buffalo, and of the bonds taken by the syndicate $;6,145.000 were withdrawn from sale, by agreement, until March 1, 1884. In
August, 1883, a memorandum of all the cash received for construction
was given as follows :
•Ontario A Western reconstruction fund
$10,000,000
Sale to O. A W. stockholders of $10,000,000 bonds at 50
5,000,0;>o
North River Construction Co. stock
;
10,000,000
No. Riv. Cons. Co. subs, to $15,000,000 W. 8. bonds at par.
15,000,0 •()
Winslow, Lanier A Co.’s contract
15,000,000
Dec, 15, 1882
....
-^r
1,500,000
2,569,500
1,200,000
899,350
820,000
1876
bonds and $2,0 JO,000 stock of the N. Y. W. SU. A B. Then theN. Y.
Ontario A. Western leases the road from Middletown to Cornwall, and
from Cornwall to Weehawken, for 09 years, at 25 per cent of the
resources
M. A N.
1,000
1,000
....
Stocks—Last
Dividend.
j
M. A N. N. Y. aud Philadelphia.
A. A O.
N. Y., 34 Piue Street.
6
210,000
500 Ae.
500 Ae.
1,000
1,000
50
....
Bonds—Prinoi
pal, When Due
M’ntlily
1,000,000
1856
1865
1868
1868
1874
1876
....
1,000
Where Payable, aud by
j
Whom.
Q.-Mch
2,000,000
Of this whole line the N. Y. O, & W. has built from
work and the
Payable
1,100,000
990,000
1,000,000
3,000,000
Weehawken to Cornwall and from Cornwall to Middletown for the
N. Y. VV. Sh. & B.. in consideration of receiving $10,OoO,000 mortgage
A full account of the
6 g.
452,800
(0
3,148,000
1,023,000
6,500,000
1,500,000
1,490,000
1,126,000
2,599,000
205,000
4,558,000
2,901,000
....
1
o g.
When
J.
J.
J.
J.
J.
J.
M.
M.
M.
1,000
100
100
500
Rate per
Cent.
8
8
6
6
6
8
3
3
8
1,000
on
run over
Outstanding
....
Buffalo (425 miles),
length 472 miles.
I
INTEREST OR DIVIDENDS.
Amount
?
1881
1882
the Hudson River (with branch to Albany), and thence to
and connecting with the road of the N. V. O. A W. :it
Middletown, N. Y., by a branch from Cornwall on the Hudson, total
Athens,
BONDS.
AND
great favor by giving immediate notice of any error discovered in these Tables.
For explanation of column headings, &c., see notea
on
STOCKS
Total gross earn’gs..
Total net income
Disbursements Rentals l’s’d lines,Ac*
Interest on debt
Dividends
Miscellaneous
Balt. A Potomac int.
$
4,107,949
1,595,308
4i7,742
895,140
63.2(50
1880.
years as
1881.
$
$
5,050,387
5,443,700
1,917,454
2,091,428
452.097
89*,0!5:>
(2) 146,048
113,834
198,49 4
follows:
1882.
$
5,800,175
2,241,820
472,093
477,256
895,730
880,875
(0) 350,517 (7) 444,272
54,218
154,270
37,177
Tot. disbursements
1,416,142
1,806,533
1,809,935
1,956,673
Balance, surplus...
107,519
179.16(5
284,895
285,147
*
Includes rent of roads and interest on equipment.
—(V. 35, p 236, 374, 487, 602, 763 ; V. 36, p. 108, 219, 252, 366, 472,
591.731 ; V. 37, p. 99.)
Northern Central (Michigan).—Joiiesville,
miles. Owned by the Lake. Shore A Michigan
Stock, $(510,000.
Mich., to Lansing, Mich., 61
Southern Railway Company,
S. V. Irvin, President, Albion, Mich. (V. 35, p, 576.)
Northern. N. IT.—March 31, 1893, owned from Coucord, N. H., to West
Lebanon, N. II.. 70 miles; branch, Franklin, N. II., to Bristol, N. II., 13
miles; total, 83 miles. For the 'fiscal.year ending March 31, 1883,
gross earnings were $583,(527 ; net, $167,550.
The only liabilities are
$97,009 in coupon notes and a guaranty of $300,000 Concord & Clare¬
mont Railroad bonds.
(V. 3 t. p,
Northern of New Jersey.— Sept.
002 ; V. 36, p. 560, 650. 675.)
30, 18^2. owiled from Bergen, N. J., to
Sparkill. N. Y.,21 miles; leaded Sparkill to Nyuck, 5 miles; total oper¬
ated, 2(5 miles
This road was opened October 1, 1859. By contract
April, 1&509. it is operated by New York Lake Erie A Western at 35 per
gross earnings.
It is understood t lie contract is terminable
by either party on notice. Dividends are paid as earned on the rental.
Gross earnings in 1881-^2, $897,108 ; no-, $s3,o62.
Northern Pacific.—(See ITIap Page III.)—Sept. 5, 1882. (about two
of
cent of its
months later.than the. close of fiscal year) mileage was as follows: East¬
Division-Main line—Superior City, Wis.. to end of track beyond
Billings, 909 miles; half interest in road between Thompson Junction,
Minn., and Duluth, 24 miles; Brainerd, Minn., to Sauk Rapids, 60^
miles; Sauk Rapids to St. Paul, 75kj miles; total, 1,069 miles. Western
Division—Main line—New Tacoma to Kalnma, W. T 105 miles; New
Tacoma to Wilkeson, 30 miles: Wallula Junction, W. T., to Thompson’s
Falls, 325 miles; total, 460 miles. Total completed road, 1,529 miles.
Branch lines—Eastern Division—N. P. Fergus A Black Hills RR. from
Wadena, Minn., to Breckenridge and Pelican Rapids, 80 miles; L. F. A
Dak. RR. from L. Falls to Morris, 87 miles; Casselton Branch, 43 miles;
Jamestown A Northern RR., 35 miles ; Fargo A Southwestern, 40 miles;
total branch lines, 285 miles. Total main line and branches, 1,814 miles.
This company was chartered by act of Congress July 2, 1864, to build
from Lake Superior to Pu^et Sound, 1,800 miles, with branch to Port¬
land, Oregon, 200 miles. The land grant was 20 sections per mile in
ern
,
States and 40 sections in Territories. The company defaulted January,
1874, and the road was foreclosed August 12, 1875, and reorganized by
the bondholders’ committee Sept. 29, 1875. To the bondholders new
preferred stock was issued at the rate of $1,400 for each $1,000 bond.
Pref. stock is entitled to 8 per cent, not cumulative; then common to
8; then both share.
The preferred stock is taken in payment for the company’s lands
east 3f the Missouri River at par (3,188,016 acres), but has no lien
whatever on the
road; the Missouri Division bonds and Pend
d’Oreille Division bonds are receivable for lands on those sections. In
1881-82 the sales of land east of the Missouri River were 287,455 acres,
for $1,035,692.
*
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MAP OF THE
Hasting?
y
^H.
Atn.-'
Leadvi^o'^
o
NORTHERN PACIFIC
RAILROAD,
ITS r.RANCnES * ALLIED
/b (^‘5an Jo^v
^Mamvv \\
Ottunivn
Lenora,
vi:i
•
A
[Stiyktoa
evT
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^City
’
^Council Bluffs
_ufSALT LAKE CY.
3alisade
^V: ^3
«t\
B
lucca.
'fil
--
.
-
N
UNION
TCHEV ENNE
Tl
\r
iing\S
i
ranging
Tecoma,
LINES,
ly
Li/O,
sGunniBo^/u
—**=m
D\0
A
Kit Carsonc
K
IPueblo
N
& JEFFERSON
CITY
La Junta
j Arkang^-
J!,
y/
Railroads pi ojeetsd ur hi protjremii
Bpringfield
yv»i
V
/
»
/
? -S
RAILKOAD
August, 1883.1
Subscribers will confer
a
STOCKS
AND
BONDS.
great favor by giving immediate notice of
any error discovered in these Tables.
DESCRIPTION.
For explanation of column headings,
Ac., see notes
on first page of tables.
of
.
Date
of
Bonds
Size,
Northern Central— (Continued)—
Union RR., 1st mortgage
do
....
Northern, N. H.—Stock
Northern of New Jersey—Stock
1st mortgage, extended
100
100
100 Ac.
100 Ac.
100
100
100 Ac.
....
1878
1869
mortgage
.Mortgage and land grant bonds, Missouri
....
’
Div
1879
1879
1881
1883
Mortgage and land gr. bonds. Pend u’Oreille Div.
Consol. M. Id. g., gold, $25,000 p. m.,
coup, or reg.
Dividend certificates
Northern. Pac. Terminal Co.—1st
rnort.,
Northwestern Ohio—Stock
gold
79
CO
66
122
ii8
118
Ohio Central—1st mortgage gold
Income bonds (non-cumulative)
Terminal mortgage bonds
Ohio <£ Mississippi—Stock, common
Preferred stock (7 p. c. yearly, cumulative)
mortgage (for $1G,000,000)
200
200
200
26
20
.
Income and funded debt bonds (extended, ’82)...
1st consolidated mort. ($3,445,000 are s. f.)
Consolidated mortgage, sterling
624
....
100
....
1877
1,000
100
....
1870
1877
1880
1880
1880
1880
1880
1881
1881
1882
1882
1,000
1,000
500 Ac.
100 Ac.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
100
....
624
1882
148
1862
393
393
1868
1868
6
Where
J. & J.
M. & N.
J.
Payable, and by
Whom.
Stocks—Last
Dividend.
Baltimore.
London.
1900
1903
A D.
*
....
49.00o.H00
2,388,600
3,502,600
40,000,000
3,000,000
2,000,000
2,604,400
6
6
6 g.
6
(> g.
5
6
2
8
6
6
3 A 6
400,000
3,077,000
371,000
600,000
1,403.610
998.650
3,000,000
3,000,000
600.000
7
6
6
7
6
6
(?)
174.000
j
112.000 !
5
7
7
6
M. A N.
M. A S.
J. A J.
Jan’v.
J.
g.
A
I. A
M. A
I. A
M. A
j. &
A. A
A. &
J. A
J.
S.
J.
S.
do
do
do
Boston, Ofiice.
do
do
do
do
j.
O.
O.
J.|
J.
J.
S.jI
S.j
Jan. 1, 1921
Jan. 1, 1888
Jau. 1, 1933
Mar., 1890
1897
'
do.
do
do
do
do
do
do
do
do
do
do
do
'
-
1
M. A
J. A D.l
A. a o:
J. A J.i
i J. A JJ
May 1, 1919
Sept. 1, 1919
July 10 ,1876
J.! N.Y. Metropolitan N.Bk
*
A
Building.
Boston, 2d National Bk.
Boston, N. E. Trust Co.
A
A
N. Y., Mills
do
do
‘
do
J. N.Y., Winslow, L. A Co.
1
J.
J.
! T.
g. i M.
g.
g.
g.
3 S>
(?)
Douglas
.
6 g.
300,000
300,000
7,000.000
6,OSS,000
M.
When
Payable
pal,When Dus
Boston. Ofiice.
June 1, 1883
1,000,000
New York Office.
In 1832
UK000
T. & J. J. City, Hudson Co. B’k.
July, 1888
200,000
M. A S.
do
do
Maroli. 1889
41,798,696 llijoan't
N. Y., Mills Building.
Jan. 15, 1883
4,030.000
£200
s
6 g.
7 '
3
4
6
7
20,000,000
1,000
1,000
1,000
A syndicate took and sold $20,000,000 of the bonds in
Jan., 1881,
and $10,000,000 more bonds in 1882,
leaving another $10,000,000, on
which they had an option in 1883.
The
3,068,400
4,067,490
....
1,000
....
600,000
1879-20
l,000Ac
1883
Norwich <£• Worcester—Stocjk
New bonds, coupon
Qgdensburg <6 Lake Champlain—Stock
Sinking fund bonds
Mortgage oonds (redeemable July, 1890)
Consolidated mortgage (for $3,500,000)
Income bonds, uot cumulative
1st mort., Mineral Div
Incomes,
do
1st mort., Riv. Div., gold, coup, or reg
do
gold, incomes ($1,000,000)
....
Rate pei
Cent.
$783,000
1,525,000
....
....
Northern Fan fie—Pref. stock(8 p. c., not
cum’tive).
Common stock
1st general
Outstanding
500 &c.
....
Bond#— PrincV
INTEREST OR DIVIDENDS.
Amount
$500Ac.
2d mortgage, gold
Northern Central (Mich.)—1st
mortgage
2d
or
Par
Value.
N. Y., 52 William St.
do
do
do
do
do
*
do
London.
April 1, 1920
April, 1920
Jau.
Jan.
1, 1920
1, 1920
July 1, 1920
July 1, 1921
July 1. 1921
March, 1922
Mar. 1, 1922
Mar.
Juno
Got.
Jan.
Jan.
1, 1875
1, 1932
1, 1883
1, 1898
1, 1898
appointed Receiver, vice King, resigned. A siiiris pend¬
ing, brought to annul the purchase of the
Div. in 1875 as
mortgage is for $25,000 fraudulent, and'-oid. The various phases ofSpringfield
litigation in regard to this
per mile of road, Central Trust Co. of N. .Y., trustee. The bonds are Co. have been
from
time
to
time
reported
in
the
Chronicle. The new
received in payment for lands at 110 and interest, and
proceeds of land general mortgage for $16,000,000 is authorized under the
sold must.be applied to redemption of these bonds at a
proposed
price not exceed¬ plan of reorganization. There are
yet $97,000 of old first mortgage 7s
ing 110 and interest. Sinking fund of one per cent per annum begins (reduced to
6s).
Western
Division, outstanding. The terms of preference
in 1885.
of the pref. stock areas follows: “The
preferred stock is to be and
In February, 1881, parties interested in the
Oregon Navigation A remain a first claim upon the.
property of the corporation, alter its
Railroad Co. purchased a controlling interest in the stock, which is held
indebtedness, ami the holder thereof shuil he entitled to receive from the
by the “Oregon A Transcontinental Co.”
net earnings of the
company 7
per cent per annum, payable semi¬
In Sept., 1882, a dividend, in ccrtUicatesof
lli10 per cent, amounting annually, and to have s tch interest paid in full
for each and every year
to $4,667,490, was declared on the
pref.'stock pavable Jan. 15,1883. before any payment of dividend
upon the common stock.”
Alter pay¬
The last annual report is in V. 35, p 345.
Earnings. Ac., were;
ment of 7 per emit for ang
one year on com., the surplus of that year
Earnings (whole line)—
1880-81.
1881-82.
(if any) shall be divided between both classes.
Operations and earnings
Passenger
$668,(521
$1,302,261 for threo years past:
Freight
2,207,299
3,909,423
Years.
Miles.
Gross
Earnings. Net Earnings.
Mail, express, Ac
118,599
218,621 1880
615
$4,376,310
$1,250,709
184-1
615
4.074,407
Total
959,053
2,994,519
5,450,305 1882
615
4,225,499
1.061,663
Operating expenses
2,025.389
3.572,839 —(V. 35. p. 103, 213. 405, 431, 456. 570, 706: V.
36, p. 82, 194, 196,
313, 427, 526, 591, 675 ; V. 37, p. -3. 100, 1170
Net earnings
$969,130
$1,857,466
Ohio Southern—The. road will extend from
•Per cent of operating expenses to earnings
the city of Springfield, O.,
6764
65*80
—(V. 35, p. 22, 45, 71, 103, 182, 213. 237. 266,321, 339, 345, 405. to some point on the Ohio River. Length of road completed and in
operation
June
1,1883: Springfield, Ohio, to Coalton, with extensions
431, 478, 546, 577, 638, 658, 677, 706, 737, 763; V. 36, p. 196, 399,
and branches, 135 miles.
675, 699, 731.)
Stock (par $100), $3,840,000.
Receipts,
1882 $359,283; net,
Northern Pacific Terminal Co.—This
$90,087; other sources, $29,w12; payment*,
company owns terminal facili¬ $120
0S4.
ties which are leased for fifty years to the Northern Pacific
Alfred Sully, President.
(V. 35, p. 51, 101; V. 37, p.
RR.,
the Oregon Railway & Nav. Co. and the
Oregon A Cal. RR., with a guar¬ 15*.)
Old
anteed rental sufficient to pay interest,
Colony (Mass.)— Sept. 30, 1882. owned.from Boston to Provinoesinking fund and taxes. The sink¬
ing fund begins in 1893 and is to be suflieeiit to retire the bonds. The t.bwn, Mass., 120 miles, and lines to Kingston, Plymouth and Somerset
June.. Mass., and to Newport, R. 1.: total. 252 miles; numerous
stock of $3,000,000 is owned by,said three
companies and held by Cen¬ 50
branches,
miles in all:
tral Trust Co. of New York, to be delivered after
payments to the sinking ham it Lowell leased—BostonClint. Firchb. A N. P>., 125 miles: Framing¬
fund which is to cancel the bonds.
RR.. 26 miles; Fall River RR., 12
miles; Dorcnestcr & Milton
RR.,3
Northicestern Ohio.—Dec. 31, 1882, owned from Mansfield to
Toledo- leased miles; total length of all lines, 468 miles. Fall River UR. was
April 1, 1882. for 99 years. In March, 1883, consolidation with
Oliio, 86 miles, but leases 7 miles to P. F. W. A Ch. RR. This was a
con,
the Boston Clinton
solidation of the Tol. TitTin & East., the Mansfield Coldwater A L.
Fitchburg it New Bedford was made. (See terms V.
M., 36, p.
and the Toledo A Woodville roads. Leased to Penn.
251.) And an increase in stock to $12,000,000 was voted.
Company at cost
ot operating.
Operations and earnings for three years past were as follows:
Tn 1880 gross earnings $276,165; net, $49,670. In 1881
gross, $290,285 ; net, $47,158.
Passenger Freight (ton) Gross
Tn 3 882 gross, $272,742; net, $27,160.
Net
Div.
Years.
Miles. Mileage.
Norwich <£ Worcester.—Sept. 30, 1882, owned from
Mileage.
Earnings. Earnings,
Norwich,
Conn.,
p. ct
453 89,502,519 51,109ji28
to Worcester, Mass., 59 miles; branch: Norwich to
$3,518,769 $ 1.201,647 6
Allyn’s Point, 7
455 89,187,583 53,794,401
miles; total, 00 miles. To be extended to Croton, Conn. In 1869 the
3,746,448
1,246,846 6
road was leased to the Boston Hartford A; Erie for 100
468 ICO. 100,413 58.349,479 4.126,258
1,305,449 O^a
years, the lessees
to pay all liabilities and 10 per cent
-(V.
33,
V.
p.
525;
34,
p.
655;
V.
35, p. 133, 544; V. 36, p. 251, 284,
on the capital stock. The present
lessee company has the, option to terminate the lease, and now
415.)
operates
under temporary agreement.
J
Oregon
California.—Line
of
Tn 1880-81, gross earnings were $736,482;
road—Portland. Or., to Roscburg, 198
net. $276,035;
in 1881-2, gross earnings were $837,770; net,'$296,346. miles; Albany Junction to Lebanon, 12 miles; WcstSi.dc Division, Port¬
land to Corvallis. 97 miles. Total
—(V. 36, p. 721:)
finished, 300 miles; to be completed
Ogdensburq <£ Lake Champlain.—'March 31,1883, owned from Rouse’s to a junction with Central Pacific. The present Oregon it California
Railroad
is
a
Point, N. Y., to Ogdcnsburg, N. Y., 118 miles. The earnings of the road
reorganization of the original Oregon & California, which
having decreased, certain terms of adjustment were proposed in 1880, company was in default after 1873. The land grant is about 4.000.000
which have been substantially carried out. Annual
report for 1882-3 in V. acres; bonds are receivable for .lands. Preferred stock is $12,000,000;
36, p. 623. Operations and earnings for three years past were.as follows: common $7,000,000.
Tn March. 1883, this road was leased to the
Passenger
Freight (ton)
Gross
Oregon-Transcontinental
Net
Co. for 999 years, tile O. it T. Co.
Years.
Milos.
Mileage.
Mileage.
paying ms a rental the amount of
Earnings. Earnings. fixed
1880-81.... 122
and
charges
$300,000
3.228,371
annum
for
dividends
on the preferred
per
26,970,096
$584,039 $176,410 stock. After
1881-82
122
July 1, 1886, the lessees agree to pay 35 per cent of the
4,816,825
32,933,476
609,324
H54
170,
1882-83
gross earnings, with a guarantee that this
percentage shall he sufficient
642,196
191,438 to
-(V. 34, p. 686: V. 36 p. 212, 622: V. 37, p. 167.)
pay the fixed interest charges, $20,000 per annum for the mainten¬
ance of organization, and a minimum of 2
Ohio Central.—From Toledo, O., to
per cent dividend on the
Charleston, W. Va., 315 miles»' preferred stock. For year
ending March 31, 1883, gross receipts were
branch—Hadley Junction to Columbus, O., 30 miles; South Shawnee $1,016,496;
net,
$288,117; land sales. $17,359. (V. 34, p. 316, 686;
to Corning, 20 miles; total operated, 365 miles.
The stock was V. 35.
p. 133, 577; V. 36, p. 252, 310, 591, 731.)
$4,400,000—par $100—and in January, 1881, the company increased
Oregon Pacific—Road in
it to $12,000,000 for
projected line, 600 miles, of which
improvements, Ac., and to buy the stock of the 60 miles from Corvallis progress;
to Yaquima is to he finished first. Land
Ohio Central Coal Co., and further increased to
$22,000,000
in
1882
grant, over 900,000 acres, and covered by first mortgage. Stock is
and 1883.
In June, 1S81, consolidation with the Rich. A
Allcghanv $30,000 per mile. (V. 33. p. 93, 491.)
was voted, and new stock and bonds for
extension were subscribed.
Oregon Rail wag & Navigation.—June 30, 1882, railroad lines operated
Butin January, 1882, this plan was abandoned and
consolidation was were as follows: Boonev. to Walla Walla
(main line) 203 miles; branches.
made with tin* Atlantic A Northwestern of
Virginia,and the line pro¬ Walla Walla to Texas Ferry, 56 miles; Bolle’s June,
to Dayton, 14 miles;
jected is to Charleston, West Va. The River Division, from
Coming Whitman to Blue M’ntain, 14 miles; Umatilla,to Pendleton, 44 milgs;
to Charleston, is about150 miles.
Of the River Division 1st
mortgage Portage Read to Lower Cascades. 6 m.; Oregonian RR. in Willamette VaL
bonds $300,000 are reserved to
exchange for Mineral Division 1st (l’scd), 150 m.; total of railway. 487 miles,
and 2)3 more under construtf;
mort. bonds, dollar for dollar, and
$150,000 for Min. Div. incomes, lion. Ocean line between San Francisco and
two bondsCfor one of River Div. Holders of River Div.
Portland, 670 miles ; Puget
1st and income Sound lines, 238
miles; River lines, 667 miles; total of water lines,
bonds are entitled to ten votes at all
"
—
•
....
stockholders’meetings for
bond bold. Annual report in V. 37.
p. 150.
270 miles were $1,052,207; net.
$357,596;
$30,203.
150.)
(V. 35,
p.
Gross earnings in
each
1882
on
payments, $387,800; deficit/,
132, 320, 339, 517, 577; V. 36, p. 140; V. 37, p.
Ohio & Mississippi.—Dec. 31, 1882, owned from
Cincinnati, O., to East
St. Louis, Ill., 340 miles; Louisville branch. North
Vernon to Jefferson¬
ville, Ind., 53 miles; total Ohio A Miss, line, 393 miles; the
Springfield
Division, Beardstown to Shawneetown, Ill., 222 miles; total operated,
615 miles. The Eastern and Western divisions were sold in
foreclosure
and the present O. A Miss. Co. consolidated Nov.
21, 1M>7. On Nov. 17,
1876, the Co. was placed in the hands of receivers. In Oct.,
1881, John
was
A
1,565 miles.
The company has pursued the
policy of increasing its capital stock to
raise money for improvements, and a further increase to $24,000,000 is
to be made in 18S3 to stockholders of record Dec. 19. 1882. Sec ai nual
report in V. 35, p. 484. showing net income in 1881-2 of $2,516,164
and surplus over 8 per cent dividend* of $649,061.
The managers purchased in February
and March. 1881, a large
interest in the common and preferred stock of the Northern Pacino
Railroad with cash furnished by a syndicate, and the stock control of
both companies was transferred to the Oregon A Trans-continental.
(V
34. p. 87. 178. go.% 688, 707; V.
35, p. 213, 374, 457, 472, 484,
602; V. 37, p. 74.)
EAILEOAD
liv
Subscribers will confer
a
Ohio d Mississippi—( Continued)—
2d consolidated sinking fund mortgage
Debenture sinking fund bonds (for $1,000,000)...
Spring. Div. (Sp.A Ill. SE.) 1st M. (for $3,000,000).
Ohio Southern—1st rnort. ($15,000 per mile)
2d mort., income ($15,000 per mile)
Old Colony—Stock
Bonds (not mortgage) coupon
and registered
Bonds
do
do
do
Bonds
do
do
do
Bonds
do
do
Bonds
do
do
do
Bost. Clin. F. A N. B., 1st M., Agricultural Branch
do
mortgage bonds 1809-70
doJ
bonds
do
equipment notes
ud
b’ds, guar, by lease to 01<1 Col.
,
gold
Oregon Pacific—1st mort., land grant, gold
Oregon Railway d Navigation—Stock
Oregon d California—1st mort.,
Mortgage bonds, gold
Oregon ShortL.—1st, gld.,int.gu.byU.P.($25,000p.m)
Miles
Date
of
of
Road. Bonds
sterling, (£1,000,000)
Sinking fund subsidy, gold
Paterson d Hudson—Stock
Size,
or
Par
Amount
Rate per
Cent.
Value.
Outstanding
1871
1873
1874
1881
1881
$1,000
$3,829,000
1,000
140,000
1,000
1,000
1,000
2,009,000
1,920,000
1,920,000
7
7
7
6
6
222
128
128
468
100
9,840,852
3*2
1864 lOOOAe,
1874
1,000
1875
1,000
1876
1.000
1877
1,000
100 Ac.
1864
500
Ac.
’69-’70
1874
1,000
1,692,000
5
7
500,000
6
1,100,000
6
6
32,000
w
'
■
29
43
58
120
371
320
1880
IS 8.1
1880
1879
1882
2,000,000
400,000
552,600
When
pal,When Due.
Where Payable, and
.
Payable!
Stocks—Last
Dividend.
bj
Whom.
1.000
100
25,000p ill.
18,000,000
1,000
1,000
5.851,000
7,400,000
28^
35
35
123
65
65
48
48
15
1882
1865
1866'
1,000
1,000
58A64
500 Ac.
1,000
1,000
50
1876
1881
1879
1879
1867
1880
.
3,989.000
2,908,000
630,000
£200
1,000
....
from Granger on tbe Union
which about 500 miles
Built under Union Pacific control, and interest on the bonds
Oregon Short Line.—Road in progress
guaranteed.
olders for $1,000
One $1,000
and $500
in stock
to U.(V.P. 33,
stock*p.
cash. bond
is $25,000
persold
The stock
mile.
120, 710, 718; V. 35, p. 22, 131 ; V. 30, p. 109.)
Oregon d Transcontinental.-—This company was organized under the
laws of Oregon on June 27, 1881, and received from tlje “Villard Pool”
an assignment of the stock of the Northern Pacific Railroad purchased
by it. The company’s object is to hold the stocks of the Oregon Railway
A Navigation Co. and the Northern Pacific, and to-construct connecting
roads, and on June 30, 1883, it held $12,853,500 of O. R & Nav. Co.,
$15,130,000 N. Pac. prof., and $10,2:9,200 N. Pac. common. The total
authorized capital is $50,000,000.
The bonds are secured by deposit in
trust of first mort. bonds on new branch railroads, at $20,000 per mile,
‘‘The payment of the principal and interest of the bonds of these
branch roads is further secured by traffic contracts with the Northern
Pacific RR. Co., guaranteeing (after
lapse of two years) a minimum
net annual income of $1,400 per mile, being equal to 0 per cent pelannum on $20,000 per mile of bonded indebtedness, and a sinking fund
charge of one per cent.”
In March, 1883, this company leased the Oregon & California road on
the terms mentioned in V. 30, p. 310.
In Oct., 1882, quarterly dividends were voted, to begin in Jan., 1883,
at l1^ per cent.
The annual report for the year ending June 30, 1883, was in the
Chronicle, V. 37, p. 74. A general balance sheet, was there published
for the first time, giving details of assets and liabilities.
(V. 35, p. 18 8,
374, 393; V. 30, p. 110, 340.)
Oswego d Rome.—Sept. 30, 1832, owned from Richland, N. Y., to
Oswego, N. Y., 29 miles. Road opened January 1, 1800. It is leased
to the Rome Watertown A Ogdeusburg Railroad at 8 per cent on its
stock ($300,000) and 7 per cent on guar, bonds.
Oswego d Syracuse.—Sept. 30,1882, owned from Oswego, N. Y., to Syra
cuso,,N. Y., 35 miles. Leased in 1808 to the Dela. Lack. A West. RR. Co¬
lor 9 per cent per year on stock ami interest on bonds; in 18SO-’81 sur¬
plus to lessee was $21,339. In 1881-82 gross earnings, $477,251; net,
$199,020.
Owensboro d Nashville.—April, 1883, owned from Owensboro, Ky., to
Ricedale, Ky., 44 miles. Controlled in 1879 by the Nasliv. Chattanooga
& St. Louis, and then operated by Louisville A Nashville till July,
1881, but now operated by its own company. Gross earnings for 18.82-3
$5(5,335; net, $0,415. Stock is $1,150,517. (V. 35, p. 077.)
Painesvillc d Youngstown.—May 1, 1882, owned from Fuirport. Ohio,
to Youngstown, Ohio, 05 miles.
The old company made default, ami
road was sold in foreclosure June 2,1879. Under the reorganization
bonds are issued as above, and the. stock is $288,000. The income bonds
have votes, and are convertible into stock. The road went into the pos¬
session of new managers in 1881. On Jan. 1, 1882, defaulted on 1st
mortgage coupons, and R. Iv. Paige appointed receiver. Foreclosure
proceedings pending. (V. 33, p. 4(5; V. 34, p. 32, 147; V. 3(5, p. 358.)
Panama.— Deo. 31, 1882. owned from Aspinwall to Panama, 48 miles.
Opened through January 2s, 1855. This road had a practical monopoly
of the California business till the opening of the Pacific Railroads in
18(39. Of the general mortgage Loads $1,000,000 fall due in ten half-
Sept. 1, 1896
Aug. 1. 1897
July 1, 1884
Bost., Old Colony Office.
do
do
do
1889 A ’90
do
do
do
July 1, 1894
1883, ’85
j
Q.—F.
Jan.
1, 1910
July 1, 1921
Oct.
1, 1900
Aug. 1, 1883
July 1, 1909
New York.
J. A J.'N.Y.. Farm. L. A Tr. Co.
F. A A.! N. Y., 195 Broadway,
14
July 16, 1883
M. A N. iN.Y.,Farmers’L. A T.Co. May 1, 1922
M. A N.jN.Y.,Farmers’ L.AT.Co.
May, 1915
F. A A. N. Y., Central Trust CoFeb., 1891
F. A A.IN. Y., Del., L. A W. RR.
Aug., 1883
1880 A 1885
M, A N.i
do
do
Feb.
i
M.
M.
J.
J.
/
400.000
1,000,000
7,000,000:
do
6 g6
7
500 Ac,
March 1, 1894
June 1, 1895
de
Various!
r*
2,000,000
do
do
Boston, Office.
J. A J.!Boston, N.'E. Trust Co.
J. A J. NT.Y.. London A Frankf.
A. A O..New York and London.
44
1,000
500 Ac.
100
A D.
A J.|
M. A S. i
M. A S.l
J. A D.i
M. A S.J
F. A A.i
J. A J. j
J. A JJ
J. A D.
6 g.
7
7
338.000
do
1921
July 2, 1883
Sept. 1, 1884
June 1,
do
J.
I.
21-3
8,000,000
40,000,000
7,215,000
350,000
200,000
1.320,400
124,000
100
April, 1911
May 1, 1833
Nov. 1, 1905
June 1, 1921
J
7
7
6
5
6 g.
6 g.
350,000
1,965,000
A. A O.j N. Y„ 52 William St.
M. A N.
do
do
M. A N.USprimrlield, Ill.,1st N. B
J. A D.'N.Y., Corbin Bank’gCo.
6
400,000
1,000
1,000
1,000
Pacific to Baker City, Oregon, 539 miles, of
completed.
-
j
393
Oregon dt Transcontinental—Stock (for $50,000,000)
Trust bonds, gold (1st M. collateral) $20,000 p.m..
Oswego d Rome—1st mortgage guaranteed
Income mortgage bonds...
Oswego d Syracuse—Stock, 9 per cent guar
Mortgage bonds
Consol, mortgage (guar. D. L. A W.)
Owensboro d Nashville—1st mortgage, gold
Painesmtle d Youngstown—1st mortgage
2d mortgage, income, convertible
Bonds—Princi¬
INTEREST OR DIVIDENDS.
_
explanation of column Leadings, Ac., see notes
on first page of tables.
Panama—Stock
General mortgage,
XXXVII.
[Vol.
great favor by giving immediate notice of any error discovered in tliese Tables.
DESCRIPTION.
For
BONDS.
AND
STOCKS
6 g.
7
7
7
7 g.
6 g.
4
A S.l
A N.I
A
J.j
New York, Agency.
J.l
do
do
A
Q.— F.
A. A O.!
M. A N.I
,T.
do
do
New York.
New York, Ofiice.
London.
New York.
New York.
J.!
A
1, 1922
1907
Nov. 1, 1931
Jan. 1, 1910
Jan. 1, 1915
June 25,1883
’84 to ’89 A ’97
Nov. ), 1910
July
3, 1883
The collateral trust loan of 1883 is secured by the deposit of mortgage
bonds of subsidiary lines to the par value of $i2,500,000.
In May, 1883, the dividend was declared 2 in cash and 2 in scrip,
redeemable in cash on delivery or convertible into stock prior to Aug. 1,
1883, and stockholders of record April 30, 1883, were also given the
privilege of subscribing for new stock to the extent of 4 per cent of their
holdings ; the amount of stock, as given above, includes this 6 per cent
increase.
An abstract of the latest report issued, that for 1882, was published in
the Chronicle (V. 36, p. 280), showing surplus net income of $1,623,805
after paying all charges and 8 4 per cent dividend.
A summary of the total business of 1832 in tonnage, passengers and
income, compared with previous years, is shown in
tile following;
ALL LINES EAST OF PITTSBURG- & ERIE.
1880.
1879.
1881.
1882.
earnings
$3 1,(520,279 $11,2(50,073 $44,12 4,132 $19,079,334
Operating expenses. 20,382,740 24,625,013 26,709,809 30,647,405
Gross
Net earnings .... $14,237,539 $16,635,025 $17,414,373 $18,432,429
EARNINGS, AC., ALL LINES EAST ANT) WEST OF PITTSBURG & EUIE.
1880.
1882.
1879.
1881.
Gross from traffic
$60,362,575 $70,764,062 $75,182,973 $79,H89,068
...
35,639,794 42,179,485 46,243,277 50,737,534
Operating expenses.
Net
earnings
....
$24,722,780 $28,584,576 $28,939,695 $29,151,534
•GENERAL
ACCOUNT— (PENN.
INCOME
Net income Pennsylvania RR.
Net loss New Jersey Division
Division
Balance
Deduct—
Payments to trust fund
Consolidated mortgage redeemed
Baltimore A Potomac Railroad—Advances
ShamoUin Coal Co.—Advances
Phila. A Erie—Deficiency in interest
Allegheny Val. RR —Deficiency in interest..
•"
Do
Advances
Suiib. Ilaz. A Wilkesb.—Deficiency in int
Fred. A Penn. Line RR.
do
Am. 86. Co.—To meet int. guar, by Penn. RR.
Advances
Do
HR. CO.)
1881.
1882.
$10,131,718
302,865
$10,768,563
568,758
$9,828,853
$10,199,805
$600,000
$600,000
286,480
143,3 3 2
7,000
175,973
242,621
157,464
50,000
15,000
282,810
....
,
,
257,384
361,591
50,000
15,000
90,000
25,000
90.0U0
.
$1,635,285
$1,767,370
$8,060,983
$8,514,520
(8) 5,801.718 (862)6,890,715
Balance to credit of income account
Dividends
Balance to credit of profit and loss for year..
Add from settlement of old accounts, Ac
...
Add am’nt to credit of profit
.
3,500
and loss Jan. 1.
350,866
$1,623,805
226,755
$2,5 0,131
$1,850,560
7,793,940
10,344,079
$2,199,265
Balance ro credit, of profit and loss Dec. 31..
$10,31 1,079 $12,191,639
The monthly range in prices of Pennsylvania RR. stock in Philadelphia
have been:
1882.
1883.
1982.
1893.
I
62 M- 584
59 V 57
61 V 594 July .....
.Tan
6: •V 5 > 4
Feb......
(5 4- 59,rs
GL4-. 5«4 1 August .. 62 >6~ 1,14
r> >4
65 4- 624
March.
(I
024- 094 1 Sept ’her
63
64
6 • 4 - 62
October
April
(5; lo- 6 >4
61 4- -x564
634- 5o 4 Nov’her
May
(5( 4- 554
604 59
June
5: V 5 >4
604- 574 Dec’ber.
17, 603, 625, 763;
(V. 35, 22, 51, l; 12, 161, 23t 358, 374. 431, 487,
V. 36,-p. 10!'
253, 265 280. 332, 366, 489, 510 ,591. 652, 707, 731;
yearly payments beginning 1881 and b.dance ($2,989,000) in October,
1897.
The $2,908,000 subsidy bonds are secured by a pledge of the
sum of $225,000 annual subsidy payable to the U. Si" of Colombia by
!
the company,
hi June, 1881, most’of-the stock was sold to patties
interested m the De Lesscps PanamaCanal Co. The report for 1882 was
in V. 36, p. 426.
(V. 34, p. 400 ; V. 35, p. (538; V. 3(5, p. 4*26.)
Pederson d Hudson.—Sept. 30, 1882, owned from Jersey City, N. J.,
to Paterson. N. J., 15 miles. The road was opened in 1834, and h ast'd
in perpetuity September 9, 1852, to the New York & Erie, at a rental of
$48,400 per year. J. S. Rogers, President, New York City.
Pennsylvania.—Dec.. 31, 1882, the mileage operated east of Pittsburg V. 37, p. 23.)
and Erie, on which earnings as reported were based, was divided as
Pennsylvania. Company.— The Pennsylvania Company is a corporation
follows: Pennsylvania Division and branches, 1,2(54; Philadelphia A chartered by the Pennsylvania Legislature, April 7, 1870. distinct from
Erie Division, 287; United Railroads of N. J. and brandies, 430; total the Pennsylvania Railroad, and operates all the leased lines west of
operated, New York to Pittsburg, with branches, 1,981. The operations Pittsburg. The stock is owned by the Pennsylvania RR., asd iu 1880
the common and preferred were merged into one class of stock, mak¬
of the Pennsylvania Railroad cover so large a field that a reference to
the annual reports published in the Chronicle is necessary to give ing $12,000,000, which was increased to $20,000,000 prior to the issue
of the bonds in May, 1881, of which the authorized issue is $20,000,aiiy adequate idea of its working and condition from year to year.
The total cost of stocks and bonds of other companies owin',d by Penn¬ 000. The whole number of miles operated or in any way controlled
sylvania Railroad was $81,037,6(58, and the par value $112,657.206, by this company is 3,547. The income account of the Pennsylvania
In March, 1881, the company purchased *217,819 shares of the Phila¬ Go. for 1880 ami 188.1 was as follows:
1881.
1832.
1880.
delphia Wilmington A Baltimore RR., and the directors authorized the
Ihsuc of $20,000,000 new stock of the Pennsylvania RR.
In July, 1*81, Net earnings Union Line Bureau, and
•i 394,967
for rents, real estate, and cquipm't
$762,597
the 4 per ct. bonds secured by P. W. A B. stock were issued, anti t hey tie
$8 18,725
purchased vcnriv at not over oar with the surnlus proceeds of Ph W. A
Profits from operating leased roads—
Baltimore dividends paid to the trustees, and not needed for the pay¬ Pittsburg Fort Wavne A Chicago
1,589,545 1.715,694 1,377,436
45,835
82,176
71,226
ment of biterest.
A scheme to buy up the company's guaranteed New Castle a Leaver Valley
16,427
7,9*24
6,-Gs
securities with $100,000 per mouth from earnings is in operation, ami Lawrence.
474,951
4'6,786
307,378
the entire amount paid by the company into flu' Trust, up to the end of Cl- veland A Pittsburg
681,207
577,697 1,049,349
1882 was $1,509,000.
There had been purchased for rile fund securi¬ Received from investments
ties of the par value, of $2.761.050, which yield an interest of 7 10 per
Total revenue
.$3,401,489 $4,07 4,503 $2,990,827
eei t per annum upon the investment.
-
.....
.
.....
-
.
.
•
.
.....
-
,
.
<1
|s ^-.
- V
August, 1883. J
EAILEOAD
Subscribers will confer
STOCKS
AND
BONDS.
ly
great favor by giving immediate notice of
any error discovered in these Tables.
!
INTEREST OR DIVIDENDS.
Miles Date Size, or
Bonus—Princi¬
For explanation of column
Amoimt
ol
headings, &c. see notes
of
pal, When Due,
Par
Rate
When
on first
per
Where Payable, and by
page of tables.
Road. Bonds
Stocks—Last
Value. Outstanding
Cent.
Payable
Whom.
Dividend.
Pennsylvania—Stock.
1,887
$50 $90,419,378 2 Sc 2s. M. A N.
Gen. M., Ph. to Pitts., coup., J. A J.;
Philadelphia, Otlice.
reg., A. & O.
1870
May 29, 1883
1,000
19.999.700
6
State lien (pay ’blein annual instTm’ts of
Q.-J. Philadelphia Sc London.
$400,000)
1910
3,275,909
5
A. & 0.
Consol. M., coup.^J. A D., A reg. Q.—M.
Philadelphia,
Otlice.
;s. f. 1 p. c.)
1873
1,000
Annually.
28,041,250
6
Consol, mortgage, gold
Q.—31. Philadelphia A London. June
1879
15.1905
1,000
5,000,000
5
J. Sc D.
Bonds, reg. (P.W. AB. stock deposited as eollat’l)
Philadelphia A London. Dec. 1, 1909
571
1881
0,571.000
4
J. Sc J.
Collareral trust loan (coup., but may be
do
do
reg.)
1883
July i; 1921
1,000
5,000,000
4%
Car Trust certs, (in series
J. & D.
do
do
payable i10th yearly)..
June 1, 1913
1,000
5,600,000
5
Navy Yard bonds reg. (extended 20 years in ’81)
Q’rt
rly
Philadelphia.
1891-93
1875
1,000
1,000,000
5
J. ct J Phi 1. ,1’a., Uo., f or iii s. Ac.
Pennsylvania Company—8tock
Jan. 1, 1901
3,547
50
20,000,000
4
Reg. bonds, secured by P. Ft.W.A C. special stock
Pittsburgh, Co.’s Office.
In 1882
1877
1,000
3,209.000
6
Bonds, gold, secured by pledge and guarantee
Q.-J. Phila. Tr. S. I). A I. Co. July 5, 1907
18S1
1,000
12,500,000
J. Sc J. N. Y., Nat. City Bank.
Pennsylvania d New York—1st mort., guar
4%g.
i’05 1866
July 1, 1921
1,000
1,500,000
7
1st mortgage, guaranteed
J. ^ D. Phila., B’k N.
America. June 1, 1896
105
1866
1,000
1,500,000
7
J.
A
D.
do
Pennsylvania Schuylkill Valley—Stock
do
June 1. 1906
4,500.000
Peoria d Bureau Valley—Stock
47
100
1,500.000
4
Peoria Decatur d Evansville—Stock
F. & A. N. Y.,
Cliic., R. I. A Pac.
251
Aug., 1883
8,400,000
1st inort., gold (Pekin to
Mattoon)
18801,000
1,287,000
0
Income bonds,
g. J. Sc J. N. Y., Met. Nat. Bank.
do
not accumulative
Jan.
1880
1, 1920
1,000
858,000
6
1st mortgage (Evansv. Div.)
do
do
Jan. 1, 1920
1880
1,000
1,470.000
6
M. A S.
lnoome bonds (Evansv. Div.), not cumulative
New
YTork.
1830
Sept. 1, 1920
1,000
1,230,000
•
6
M. & 8.
Peoria d Pekin Union—1st
do
20
mortgage, gold, coupon
8ept. 1, 1920
1881
1.000
0 g.
1,500,000
Income mortgage, non-cumulative,
Q.-F.
N.Y\,
Motropoli’11 N. Bk Feb. 1, 1921
20
gold
1881
1,000
1,500,000
6 g.
31 ay 1.
do
Perkiomen—1st mortgage
do
Feb. 1, 1921
38
1867
100
6
799,600
A. Sc O.
Consol, mort., gold, guar. P. <fe R.t (sink, fund)
Phila. Co.’s Ollioe. ^ Apr. 1, 1887
38
1873
1,000
1,125.000
<3
T.
Sc
D.
g.
Go
do
Peterborough (N. H.)—Stock
Juno 1. 1913
11
100
385,000
M. Sc N
Bonds (not mort.), redeemable after 1882
Nashua, Treasurer.
3fay, 1883
1877 500 Sec.
6
147,000
A.
Sc
O.
Boston, N. E. Trust Co. Oct. 1, 1897
Petersburg—Stock
63
100
1,324,200
O
?
Sc J.
1st mort. bonds (payable $25,000
Petersburg, Va.
82
1 - .9
Jan., 1872
yearly)
400.000
8
1. Sc J
do
#Bonds, class A
Jan
1879-’98
1831
400,000
5
J.
Sc
J.
do
‘Bonds, class B.
a
DESCRIPTION.
....
....
’
....
.—
....
....
....
....
....
....
•
....
.
....
....
....
....
....
■c
....
....
.
.
.
.
....
....
....
0
.
....
....
O
....
....
,
....
1881
Philadelphia d Balt. Central—Stock
83
83
27
1st
mortgage (for $2,500,000)
Westchester A Phila., 1st mortgage..
Philadelphia d Erie—Stock, common
50
1881
1871
287
Preferred stock
....
Deduct—
1880.
Expenses,
interest
lease! lines
Net income
and
-
Deduct dividends
on
stock
1881.
operating
•
•
•
1,000
100 Ac.
50
50
•
....
1,000,000
1,090,000
1,100,900
800,004
Oct.
*
5
7
ME. Sc N.
A. Sc O.
7,013,700
2,400,000
July 1, 1926
A. Sc O.
....
....
1882.
$1,024,952 $1,208,325 $1,122,913
$2,37(5,487 $’,866,183 $1,86",883
480,000
1,009,000
2,500.000
N.Y., Company
do
s Ollico.
do
Philadelphia. Pa.
1, 1926
1911
April 1, 1891
RR.
INCOME ACCOUNT.
1879.
*$
3,091,808
Total gross earn'gs...
Net receipts—
Not earnings
1880.
1881.
$
1882.
$
3.454.309
4,011,014
3,727,733
$
901,549
1,369,380
1,024,250
1,411,880
Balance surplus for the year
$1,890,4^7 $1,866,183 $1,067,883 Rents
2,292
4,840
4,835
The registered bonds are secured by deposit
3.586
of $1,000,000 of l’ittsb. Ft.
Wayne & Chicago special stock. The gold bonds of 1921 are secured
Total net income...
by
963,841
1,374,220
1,029,085
a deposit in trust of the leases ol‘ the
1,415.466
Pittsb. Ft. Wayne & Chic, aud the
Disbursements—
Cleve. A Pittsb. railroads and are also guaranteed
by the Penna. KR. Interest on debt
1,093,720
1,093.720
1,077,995
Co. The trustees of the mort. are Wistar Morris.
1,062.270
Edmund Smith and 8. Int erest on equipm’t.
163,049
162,200
165,345
M. Felton. They were issued to
160,410
supply funds for purchasing the C. C. E x t r a o inI i n ’ ry c x p e n.
106,567
135,278
A I. C. bonds and other purposes, and the whole
authorized issue is $20,- Miscellaneous .;
39,410
37,306
45,710
95,087
000,000. The sinking fund is 1 p. c. per aim. if the bonds can be
bought
at par.
(V. 35, p. 101 ; V. 36, p. 110, 479, 673 ; V. 37, p. 98.)
Total disbursements.
1,296,179
1,399,793
1,421,328
1,317,767
Pennsylvania d New York {Canal and Railway).—November 30, 1882, Balance, deficit
332,338
25,573
395.243 sur.97.699,
owned from Wilkesbarre, Pa., to New York State
-(V. 32, p. 204 ; V. ^
p. 196, 263 !; V. 36, p. 25 0, 4 80.)
Line, 104 miles.
Branches to mines, 16 miles. Operated in .connection with the
Philadelphia Berman town d Chestnut Hill.—From May 1,
Lehigh
1883,
Valley Railroad.
Common stock, $1,061,700, and preferred stock, leased for 39 .years to
the‘Pennsylvania RR. Co., which guarantees 4%
$1,000,000. Net earnings in 1878-9, $599,791; in 1879-80,
per cent on the bonis.
$915,132;
(V.
36.
p.
366.)
in 1880-81, $1,000,70(5.
Robert A. Packer, President, 8ayre, Pa. (V.
Philadelphia Germantown d Norristown.—Philadelphia. Pa., to Norris¬
32, p. 98 ; V. 34, p. 1 15.)
town, Pa., 17 miles; Germantown
Branch, 3 miles; Plymouth Railroad,
Pennsy’vania Schuylkill Valley.—At Harrisburg, June 1, 1883, the 9 miles;
total, 29 miles. The property was leased Nov.
organization.of this company was completed by the tiling at the State
10, 1870, to
Sc Reading Railroad for 999
Philadelphia
years at. a rental of $269,623
Department of articles of merger and consolidation between the Phila¬ and $3,000
yearly for organization expenses. Dividends of 12 per cent
delphia Norristown A Pluenixvilie. the Phumixville Pottstown A Read¬
per annum are regularly paid.
ing and the Pluenixvilie Sc West Chester railroad companies.
The
road
will extend from Philadelphia to
Philadelphia Newtown d New York.—Nov. 30. 1881, owned from Now
Reading, and is controlled by the town
Junction to Newtown, Pa., 21 miles.
Pennsylvania Railroad Company. The capital is $1,500,000/
Capital stock, $1,200,000
On November 10, 1879. the
Peoria d Bureau Valley.—March 31, 1882, owned from Bureau Junc¬
Philadelphia Sc Reading Railroad purchased
12,012
share*?, giving control of Cue property, and guaranteed the bonds.
tion to Peoria, Ill., 47 miles. The road was leased
in perpetuity April Earnings in
1880-81, $51,095; efi< it. $23, ioG.
14, 1854, to tin1, Chicago A Rock Island Railroad at a rental of
$125,000
Philadelphia d Reading.—(See Itlap page lvi.)—Main line, Phila*
per annum. Officers same as Rock Island.
dt 1 >hia to Mount
Cavno’n, Pa., 98 miles; branch lines owted, 233
Peoria Decatur d Evansville.—Due. 31, 1882, owned
from Peoria to miles; leased lines, 495
miles; other lines controlled, 66 miles; total
Evansville, 235 miles; branch—Stewartsvillo, Ind., to New
Harmony,
operated, 892 lines.
In M iy, 1879, Ciis
Ind., 6 miics; leased, Pekin, Ill., to Peoria, Ill., 10 miles ;
company leased for 990 years
through De¬ the North Pennsylvania Railroad and Delaware.
Sc Bound Brook Rail¬
catur, 3 miles; total, 254 miles. This road is a consolidation of tlie road, and
at
same
time gave up the Perkiomen Railroad.
Pekin Lincoln & Decatur RR.
In May, 1883,
(formerly leased to the Wabash) and the leased the Central RR..
of New
Decatur Mattoon & So. and-the Grayvillc Sc Mattoon.
Gross earnings ing 6 per cent div. on sto -k. In Jersey, assuming all liabilities and pay¬
in 1880, $153,1 18; net, $195,817 ; in 1881,
June," 1883, the Shamokin Sunbury &
gross, $691,608; net, $236.Lewisburg was finished, and this, in connection with the Jersey
904.
Gross earnings 1882 $763,584; net,
Shor*
$317,686. No late reports Pine Creek Sc Buffalo road to
issued.
Stokcsdale, forms the important conneotion with the New' York Central
Sc
Hudson
lines
at
Peoria d Pekin Union.—Owns, from Pekin to
Geneva aud Lyons,
Peoria, 10 miles on each N. Y. This route lor i-o il is
expected to be of great benefit.
side of Illinois River; total operated, 20 miles. The road is a
union
The Philadelphia Sc
Reading Coal & Iron Company is a corporation
road, and the stock of $1,090,000 was taken by' the different Peoria
formed (Dee. 12, 1871) for the purpose of awn ing and
RR. companies, and
w'orking the ex¬
they
a rental for use of the road aud also pay tensive coal properties of this
pay
terminal charges. See full description in V.
company. The Phila. Sc Read. RR. Co. ow'ns
36, p. 253. Opened Feb., all the stock ($8,009,009) of the Coal & Iron
1881.
(V. 36, p. 253.)
Company, and the trustees
of the general mortgage of 1874 hold the bonds of the Coal Sc Iron
Perkiomen— Nov. 30, 1882, owned from Perkiomen
Co.,
June.,
Pa.,
to
-4529.737.965
of
viz.,
mort.
1874, and the Phila. Sc. Read. Co. also holds
Emaus June, 39 miles. The road was leased for 19
years from Aug. 1, the $10,000,000 mortgage of the Coal Sc Iron Co. dated
1876.
1868, to Phila. Sc Read’g RR. , and bonds guaranteed by the lessees; but
Between 1870 and 1876 tlieP. Sc R. increased
the property was surrendered and all control
heavily its capital ac¬
given up in May, 1879. count in the purchase of new
One-half the interest on the consolidated
properties, and after paying 10 per cent
mortgage was paid for three dividends for some years ceased to
pay after Jan., 1876. The Co. was
years in Philadelphia Sc Reading scrip, according to the
Philadelphia unable to meet all its obligations, and in March, 1877, holders of the
Sc Reading compromise. Stock, $38,040.
The balance sheet, gives on
general mortgage bonds and Periokmen guaranteed bonds agreed to take
the credit side $680,140 as J\ Sc R. loan account and
$100,980 as lo m one-half their coupons for three years in 6 percent
account script.
scrip; and holders of
Net earnings in 1880-81 were $123,129; in 1881-82,
convertible and debenture bonds to take 6 p. ct. scrip in
$122,295. (V. 32. p. 101.)
payment of their
coupons for live years. The scrip is convertible into income mort. bonds.
Peterborough.—Sept. 30, 1882, owned from Wilton to Greenfield, N. If..
In May, 1880, the company* suspended
payment, and on May 24
11 miles. Completed Jan. 1, 1874. and leased
by Nashua Sc Lowell Franklin B. Gowen. Edwin M. Lewis and Stephen A. Caldwell were
Railroad for 20 years from 1873 at 6 per cent on cost of the
road.
In appointed receivers of the railroad and coal companies, and in
May
1879 lessees withheld rental, but a suit was decided in favor of
Peter¬ 1883, the receivers were discharged and the company returned to its
borough. James Scott. President, Peterborough, N. H. (V. 32, p. 16.)
stockholders, and in July, 1883, payment in full ol all obligations was
Petersburg.—Petersburg, Va„ to Weldon, N.C., 63 miles. In May, 1*77 resumed.
a Receiver "was appointed and
The Deterred Income bonds have a claim for 6
foreclosure sale was decreed April 29
per cent interest only
1880, but steps were taken by second mortgage bondholders to prevent after 6 per cent has been paid on the stock.
a sale, and reorganization was made with
Under
the
general mort. $5,000,009 more 7 per cent bonds were issued
above bonds, and $323,590
in December^ 1882.
In January, 1883, the convertible adjustment
pref. stock and $1,000,700 com. stock on Dec. 31, 1881. In 1881
scrip
gro-s
was
issued, secured by $4,000,000 income mortgage, (see terms in V. 36,
earnings were $306,057; net, $123,071; in 1881-2, gross, $298.5
13;
net, $138,810. (V. 32, p. 232,444, 501, 613, 686; V.
p. 48), payable on 9d days’ notice any time after July, 1885, and con¬
34, p. 178, 377 ;
V. 35, p. 603.)
vertible into stock at par, and the new blanket
mortgage dated in 1882,
Philadelphia d Baltimore Central.—Phila. to Westchester, 26 miics; due in 1922, is issued in adjustment of certain liabilities, aud of this
Westchester Junction to Oetoraro Md.. 46 miles; leased Chester
00,060
of
first
series
mortgage
$6,*
the
and
$5,009,000 second series
Creek
Railroad, 7 miles, and Columbia & P. Deposit Railroad, 4 miles; loin! w ere listed at tiie N. Y. Stock Exchange in June, 1883.
Prices of Philadelphia Sc
operated, 83 miles. This was a consolidation, Oct.. 1881, of the Phila.
Heading stock in Philadelphia, have been:
1 882.
A Balt. Central and t ho West cheater Sc Phila.
1833.
1882.
1883.
railroads. Of the new
stock Phila. Wilm. Sc Balt. Holds
i %- 29%
Jan
3
29
V 26% July
$1,661),100. In ls-,2 gross earnings,
31%-27%
29V ’47%
F«b
32 %- 12 T ^0
$663,956; net. $152,893; deficit after paying all charges, $5,943.
27%- 24% August.
31%-2S%
March... 32 V 25%
27 %- 26% Sept’ber
33 4-3013
Philadelphia d Erie.—Dee. 31, 1882, owned from Suubury to Erie, 2-7
28
3214April
27%
%- 26% October
321 a-30
miles. Formerly Suubury «fc Erie RR. It was leased to Penn.
RR. for 999
29 V 27%
28 V 25% Xov’ber
May,
304-25%
years from January 1, 1862, the lessees to pay 30
per cent ot gross June
30 %- 26%
:;o%- 20% Dce’ber.
23 -24%
receipt as rental, but modified January 1, 1870. so that actual net
Tin* annual report for ’81-82 was published in Ciikonici.i
receipts are paid as rental. The consolidated mort gage is guaranteed b.\
The
following table shows a comparison between the results of tho
the Pennsylvania Railroad. The unpaid
coupons of $1,831.564 are. lie: t
tw'o years’operations.
The earnings of the railroad company for tho
by the lessee for advances. Lust annual report was in V. 36,
p. 25o
fiscal year ending Nov. 30, were as follows-
,
....
,
.
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Stratford,
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STOCKS
AND
'»ct0
Butler
?te'ubeuville
RAILOD
RAILROAD
^
./■
AND CONNECTIONS.
fvoi.
xvil.
‘
^T-V.-V^'Y
I
a'"Mm
/■.
-4,"
RAILROAD
August, 1883.J3
Subscribers will confer
STOCKS
AND
BONDS.
Ivii
great favor by giving immediate notice of
any error discovered In tliese Tables.
DESCRIPTION.
f
INTEREST OR DIVIDENDS.
Miles
Bonds—Princi¬
Date Size, or
For explanation of column
Amount
headings, Ac., see notes
of
pal, When Due.
of
Par
Rate
pei i When
Where Payable, and by
on first page of tables.
Road. Bonds Value. Outstanding
Slocks—Last
Cent.
Payable
’Whom.
Dividend.
Philadelphia d Erie—( Continued)—
lstmort., Sunbury& E. (extended 20years in ’77).
40
1857
$1,000
7
$976,000
A. A 0
2d mortgage
Philadelphia, Pa. RR. Oct. 1. 1S97
287
1868
1,000
3,000,000
7
J. A J.
General M., g., guar by
do
do
Pa.RR.($5,203,000 rg. os) 287 1869
July 1, 1888
1,000
13,943,000 5 A 6 g.
Phila. QermanVn d• Chestnut Hill—1st
Q.-J. Philadelphia A London. July, 1. 1920
mort., guar
1,060,000
4io
Philadelphia Germantown & Norristown—Stock.
“29
50
2.231,900
3
Q.—M. Phila.. Treasurer of Co. Sept. 3. 18S3
Philadelphia Newtown d New York—Stock
50
1,200.000
Bonds, guar, by Phila. A Read., coup
"21
100 Sec.
700.000
G
A.
A O.
Phila.. 227 So. 4th St.
Philadelphia & Heading—Stock, common
Oct. 1, 1897
892
50
32,431.375
2 43
Preferred stock
Q-J.
Philadelphia, Olliee. - Jan. 25,1876
892
50
1,551,800
3bj
do
Q.-J.
do
Mortgage loan, sterling, coupon
July 25.1876
1843
£500
967.200
6
J. A J.
do
London.
dollars, coupon
July, 1910
1843-9
1,000
6
1.499,509
J. A J.
do
Philadelphia, Office.
convertible, coupon
July, 1910
1857
500 Ac.
6
79,000
J. A J.
do
do
do
coupon
July, 1886
1868
1,000
2,700,000
7
A. A O.
Consol, mort. ($8,193,000 are gold 6s)
do
do
Oct. 1, 1893
cp. or reg.
1871
200 Ac. 18,811,000 6 g. or 7 J. A 1).
Improvement mort., gold, $ or £, coup
Philadelphia A London. June, 1911
1873
1,000
6 ir.
9.361,000
A. A O
Gen. mort., gold, $ and £,
<lo
do
Oct. 1, 1897
cp.($5,000,000 are 7s).
1874
2 1.646,000
1,000
7 A 6 g. J. A J
do
Income mortgage, $
do
July 1. 1908
1876
1.000
2,454.000
7
J. A T)
Consol. M, of ’82, 1st ser., gold (for
Philadelphia. Office.
Dec. 1, 1896
$80,000,000).
1882
500 Ac.
6,000.000
5
M.
A
N.
g.
do
Phila.
and London.
2d series (for $80,000,000)
Feb. l, 1933
1883
500 Ac.
r> <r
5,()60,()j0
F.
A
A.
do
Debenture loan, coup
d<*
Feb. 1, l<»33
1868
100 Ac.
1.12 4,900
6
J. A J
do
Philadelphia, Ottice.
convertible, coupon
July 1, 1893
1873
100 Ac
10.395 <>00
7
J.
A
J.
do
do
Scrip deben. and guar, bonds, currency
Jan. 1, 1893
1877
10 Ac.
♦>
3,2 1,340
J. A J.
do
do
Scrip general mort. and
187-902
a
....
...
....
....
....
....
....
....
.
Deferred Income bonds
Perkiomen, 0, sterling..
1877
„
Conv. adjustment scrip (for $1,000,000).
do
do
do
1867
1872-4
1875
1890
1881
—1880 81.
Gross
Net
88
-1881-82.
Gross
Railroad traffic... $18,612,110
Canal traflie
919,105
Steam colliers
667,153
Earnings.
Earnings.
$8,122,493
439,468
$20,333,649
80,511
2,710
Richmond barges.
100
50
1,731,000
1,259,100
11,79.5 050
1,000
1.000,000
1,000
1,000.000
....
1,060
800,000
RR.
miles; Southern Division to Rodney & Newcastle, Del., 12 miles;
total,
main line and branches, 112
miles; Delaware KR. (leased), 95 miles;
total operated, 207 miles.
Owns over half the stock of the P. A B. Cent.
April, 1881, nearly the whole stock was purchased and is held
by
Penn. RR. Co. Income account for 1882 :is
follows:
In
$1,751,597
on Delaware lease, Ac
Total
Interest and 8 per cent dividends
103,258
$T ,854,856
«:
1,522,843
Surplus for the year
Profit and loss Nov. 1. 1881
Renewal fund, balance transferred
$332,013
1,105,816
176,908
Total
...$17674/737
Depreciation of securities, Sce
Sundry accounts
Extraordinary improvements
$91,191
10,575
107,395—
209,152
.$1,465,585
of the road
Balance Nov. 1. 1882
.
-(V. 33, p. 218; V. 34. p. 55); V. 36, p. 282.)
Pillsburg Bradford d Buffalo.—Foxburg to Kane, Pa., 82
miles;
6
Clarion Branch.
miles; Saw Mill Branches, 6 miles; total, 91 miles.
Bonds issued at $8,000 nr. mile.
Stock authorized,
$1,000,000,
$100;
issued, $550,000. Earnings 1882, $117,680; net, $-10,134. par
Charles
W. Mackey, President,
Franklin, Pa. (V. 35. p. 51, 133, 236, 737.)
Pittsburg Cincinnati d St. Louis.—December 31, 1882, owned
from Pittsburg, Pa.,
to Columbus,
Ohio, 193 wiles; branch
to
Cadiz. Ohio, 8 miles; total, 201 miles.
This was a consolidation
of several companies,
May 1, 1868, including th<3 Steubenville Sc
Indiana and the Pan Handle roads.
This company is controlled
by the Pennsylvania Company, through the ownership of a
majority of
its stock. This company also held leases of the
Little Miami and its
dependencies and of the Columbus Chicago A Indiana Central
road,
Operated by the Pennsylvania Company, and their
earnings separately
stated.
Common stock,
$2,508,000;
first preferred, $2,929,200;
second preferred, $3,000,000;
par value of shares, $50.
The interest
on the second
due
mortgage bonds,
from October 1,1875, to April 1.
*8
for four years were as follows:
INCOME ACCOUNT.*
1879
Receipts—
Net earnings
Rentals and interest.
Net from leased roads
Miscellaneous.,
Pisburscmcn Is—
Rentals paid
Interest on debt
Other interest
Int. on C.AM.Val. bds.
Do88 on St. L.V.AT. II.
Balance, surplus
*
1880.
$
$
1,599,562
14,022
711,466
-
16,041
647,858
:
$
821,299
833,625
136,980
105,000
16,144
2,696,581
$
801,048
842,480
174,944
105,000
$
1,383,923
1,864,673
$
2,099,351
$
825,447
819.464
846,769
19,636
609/271
86,521
851.990
27,241
181,777
105,000
170,445
222,985
105,000
1,950,713
2,123,455
2,005,422
745,868 def. 258,782
93,929
Exclusive of Col. Ohio. & Ind. Cent.
1882.
$
1,309,313
22,670
532,690
-
2,325,050
1,913,048
412,002
2,032,682
1881.
6
5
6 g.
Philadelphia A Loudon.
J. A J.
Various
M. A S.
Philadelphia A London.
Q.-J.
Philadelphia, Ollico.
Philadelphia, Office.
do
do
J. A J. Philadelphia A Boston.
A. A O.
do
do
A. A O. Pliil’delpliia, Co.’s Office
A. A O.
do
do
1. A I).
do
do
A. A O. N.Y., Nat.
Bk.Republic.
$
19,942.295
58,69;*
243,000
766,241
1,076.528
Materials, fuel, etc.*..
hand
Add’ns to (Mn. S.
on
Profit
A
C.Ry
loss balance.
Total assets
Liabilities—
54 1.607
625,859
237,543
64,639
37,504
462,183
23,062,567
23,219,144
ft
Stock, common
Stock, preferred,.
Bds. (see Snriu.KM’T).
All
660.293
1,202,4 32
her dues A acc’ts
Due Little Miami RR.
Due C. C. A I. C. RR
Cin. Street Conn. bds.
oi
.
Miscellaneous
Profit Sc loss balance.
2,508,000
5,929,200
12,497,000
726,893
888,743
184,601
262,500
65,590
July, 1882
July, 1882
Jan. 1, 1889
1892 to 1894
1892
July 10. 1883
July 1. 1883
April, 1887
Oct.
61,639
$
2,508,000
5,929,200
12,197,000
•
78 1,754
891.189
184,601
262,500
64,8 19
97,651
1.
1892
April 1. 1900
June, 1910
April 1,1911
YEAIR
1881
58,399
3 1 7,855
...
Cash
1840.
$
equipment, Ac... 19,942,295
or Its o\\ nod, cost...
Bonds own's), cost
Bet torm’ts tol’sed r’ds
BillsA acc’ts ree’vable
St
$
19,979 033
54,309
28:<,i 00
835,376
980,133
732,474
297,165
61.639
376.393
1882.
$
19,995,963
57,299
284,000
656,777
1,001,034
83” ,930
437,707
04,039
282,465
23,606.912 23,611,814
$
$
2,504,000 12.508,000
5,929,200 15,929,200
12,617 000 12/17,000
1,118,636
1,212.134
853,890
847,390
184,601
134,601
262,500
262.500
.1
Oi)
50,989
Total liabilities.
23,062,567 23,219.144 22.606,912 23,Gil,814
Includes supplies March 31, 1975. transferred.
t Of which $367,350 common and $2,950
preferred is Steal). Sc Tn<i
Philadelphia Wilmington & Baltimore.—Do.c. 31, 1882, owned from
Philadelphia, Pa., to Baltimore, Md., 96 miles; Port Deposit Branch, 4
Interest,protit
G,
J.
1879.
$2,817,859
6,704,965
1,209,986
6,688,318
6,505,093 prof. 183,256
37.300.161
7,246,933
6,363,989 prof.882,944
—(V. 35, p. 44, 132, 189,236,266,374,487,603,706,737; V. 36,
p.30.48,
64,82,196. 221, 253, 332, 340, 366, 480, 511,
561, 574, 591, 652, 707,
724, 731; Y. 37, p. 127.)
Philadelphia & Trenton.—Kensington, Pa., to Morrisville, Pa., 26
miles. On Dec. 1, 1871, it was leased with the
United Companies of
New Jersey to the Pennsylvania
Railroad, at 10 per cent on stc-ek, and
is operated as a part of its New York
division.
Net earnings
4
6
A ssets—
$8,861,139
5,494,978
<
2
A
.LANCR AT CLOSE OR EACH FISCAL
$20,279,244
$8,852,443 $21,890,116 $9,447,596
The joint statement of the Railroad and the Coal and Iron
companies,
showing the earnings and expenses, the fixed charges for interest,
rentals, Ac., are given as follows:
Gross’
Op. Exp. and
Net
Year.
Revenue.
Rentals.
Revenue. Interest, Ac.
Deficit.
26,682,024
28,598,114
30,053,228
J.
rr
.
Earnings.
$26,937,880 $23,493,880 $3,444,005 $6,261,865
6
6
6
6 A 7
Net
Total
32,177.003
35,286,463
700,000
.300,000
1.000
811,143
332,452
648,490
271,548
Loss.
66,834
17,543
287,770
12.347.000
1,000
....
,.
Pittsburg Bradford d Buffalo—1st mort.,coup., g’ld
Earnings.
....
500 Ac.
....
do
do
do
1,91 a 6S0
25,3.51.651
.
19 83
1872-1
1872
P. & R. Coal A I., purchase
money mort. bonds...
do
debenture loan
Philadelphia d Trenton—Stock
Philadelphia Wilmington & Haiti more—Stock
Plain bonds, loan.
90 Ac.
f
*
stork unconverted.
—(V. 31. p. 292,345, 486; V. 35, p.
133; V. 36. p. 340, 55S; V. 37, p 127.)
ritlsuurg d Connellscille.—Sopt. 30, 1882, owned from Pittsburg. Pa., to
ML Savage June., Md.. 147 miles; branch; 2
miies; leased lines, 22 miles;
total. 17i miles. On Dee. 13 1875, the
property was leased to the Balt.
A Ohio RIL, and possession given Jan
1, 1476. Tin: 0. AC. is credited
with all I lie earnings and charged wi*h' .nil the
expenses. The city of
Baltimore traiisl'cned its interest to the Baltimore Sc Ohio
Railroad for
$1,000,000, ami the consolidated sterling mortgage was made and guar¬
anteed by the Baltimore & Ohio. It is operated as the
Pittsburg Division,
of the Baltimore A Ohio Railroad.
In February, 1880, a
judgment in
favor of B. <y 0. Co. was confessed for $4,351,748.
Stock is $1.944,400.
In 1879-80 the net earningswere
$1,011,327; in 18*0-81, $1,121,473; in
Is81 -2, $1,512,125.
J'il/shurg Fori Wayne d Chicago.—Dec. 31,1882, owned from
Pa.. toCbie.. Ill., 468 miles. Tin*, company made default Oct. 1. Pittsburg,
1857, and
again in 1859. and was foreclosed Oct. 24, 1861, and
reorganized under
this title. Feb. 26, 1862.
On June 27, 1S69, the eompa.iv u-as.-d ail its
road and property to the Penn. RR. at a rental
equivalent to interest,
sinking fund of debt, and 7 per cent on $19.711,286 stock, which
was
increased at that time from $11,500,000.
The. lease was transferred
subsequently to the Pennsylvania Company. The lessees aiv to keep
the road in'repair and also pay taxes,
expenses, <fcc.
The rental charge
is about $2,930,000 per year, and the
profit to lessees has been large.
The Pittsburg Ft. Wayne <2 Chicago leases the
Newcastle. A Beaver
Valley and the Lawrence roads, which in turn arc leased again by the
Pennsylvania Co.
■The first, mortgage bonds arc in six series lettered A
to F inclusive,
$4 75,000 each scries, the interest on “A”» series being payable
Jan.
and July; on “B” it is February an I
August; on “C” it is March and
September; on “D” it, is April and October; on “E” it is May and
Nov.,
ami on “F” it is June and December. The second
mortgage is also itr
six series of $60,000 each, lettered II to M inclusive
(J omitted), and the
interest is ’payable Jan. and July on “G” series, Feb. and
Aug. on “ H,’*
March and Sept, on “ I,” April and Oct. on “
K,” May and Nov. on “ L/*
and .1 mie and Dec. on “M.” The bonds are
.coupon, but may be regis¬
tered payable to order.
Of the 1st mortgage bonds, $1,337 500, and of
the 2d mortgage $1,587,500, and
$354,088 cash, were held in the sink¬
ing funds Jan. 1, 1881. The special improvement stock is issued t®
Pennsylvania RR. for improvements, Sec., under article 16 of lease, via.
Article 16. The party of the first part
hereby agrees that, for tha
purpose of enabling the party of the second part to meet the
obligation*
of the party of the first, part to the
public, by making-from time to tima
such improvements upon and additions to the said
Pittsburg Fort Wayne
A Chicago Railway, in the extension of facilities for
increased business
by additional tracks and depots, shops and equipments, and the substi¬
tution of stone or mm bridges for wooden
bridges-, or steel rails for iron
rails, the parly of the first part will issue,, from time, to
time, a special
stock, which shall boar such name as shall be hereafter
agreed upon, or
bonds, or other securities,” *
“ The said
party of tlie second parti
shall guarantee the payment,
semi-annually or quarterly, thereon of
such rate of interest as may be
agreed'upon between the parties hereto,
to be paid by 1 lie said party of the second
part to tDo holders thereof
without-deduction from the rent hereinbefore,
reserved; and the said
special stock, or bonds, or other securities, shall be issued only in
respect
to improvements of and additions to tile,
said railway which, and esti¬
mates and specifications of
which, shall have been submitted to and
approved l>y the sain party of the first part in writing.” * *
L
Operations and earnings for five years past were as follows
of
,
RAILROAD
Iviii
Subscribers will confer a great favor by giving immediate
Miles
Date Size, or
Par
of
of
Road. Bonds
Value.
explanation of column headings, Ac., see notes
on tirst page of tables.
PMs. C.h St.L — 1st M., consol., reg.
2d consol, mortgage
1st mortgage, Steubenville A Tnd.,
Col. A Newark Division bonds
andeoup
...
reorganized...
200
200
117
33
1868
1873
1864
1864
$1,000
149
10
149
468
468
468
468
468
1868
1859
1876
1,000
Special improvement stock, guaranteed
1st mort. (series A to F) i Bonds all coupon, but
2d
do (series G to M) >
may be made payable
3d mortgage
) to order.
Pittsburg, Ft. Wayne & Chic, construction bonds.
Equipment bonds (renewed)
Pittsburgh Lake Erie— Stock
1st mortgage, gold, coupon
187-920
Pittsburg Youngstown h Chicago—Stock
Pittsburg h Western— 1st mort., g. (for $6,000,000)
Pomeroy h Newark—Stock.
Port Jervis h Monticello—Stock.
Port Royal & Augusta -1st mortgage
General mortgage income bonds, coup
Portland h Ogdensb.—1st mort., gold
Mortgage ifor $3,300,000)
Portland h Rochester — Stock ($600,000)
Portland Saco h Portsmouth—Stock
Portsmouth h Dover—Stock
Portsmouth Gt. Falls h Conway—Stock
1st mortgage
1882...
.
.
.
.
Payable
7
7
6
7
6
7
6
6 g.
326,600
6 292,000
5,250,000
5,160,000
2,000,000
1,000
1,000
100,000
1,000,000
50
1.000
2,050,000
2,000,000
100
100
500
100
53
51
11
71
71
42
23
66
1877
1875
1872
2.0< 0.000
Ac.
Ac.
Ac.
Ac.
ioo
1,500,000
100
100
769.000
$3,529,085
8,461,563
10,096,819
10,741,490
3.729,298
4,778,210
4,883,005
10.891,870
4,363,403
.
Bonds—Princi
Whom.
Stocks—Last
Dividend.
F. A A. Phila., Pa., RR. Office.
Aug. 1, 1900
do
do
A. A O.
April 1, 1913
M’uthlv N. Y., 160 Broadway.
May. 1884
Jan., 1900
J. A J. Pliila., Penua.RR. Office
1893
F. A A.
J. A J. Balt,, Balt. A Ohio RR.
July, 1898
F. A A. Pittsb., First Nat. Bank Aug. 1, 1889
J. A J. London. J.S.Morgan ACo Jan. 1, 1926
Q,—J. N. Y., Winslow, L. ACo. July 3, 1883
do
do
July 2. 1883
Q.—J.
do
do
July 1, 1912
Various
do
do
Various
July 1, 1912
do
do
A. A O
July 1, 1912
Jan. 1, 1887
do
do
J. A J.
Meh. 1, 1884
do
do
M. A S.
1883
...
A J.
A. A O.
J.
Pittsb.
Philadelphia.
N. Y., Phila. A
A J. New York, 3 Broad St.
6
6
6 g.
6 g.
J.
J.
J.
M.
A J.
3
3
3
J.
J.
J.
J.
A J.
Boston, Office.
A J.
Portsmouth, Treas,
A J. Bost., Eastern RR. Co.
do
do
A D.
770,000
Ah
1,000
7
7
3
6
1.242.000
1.873.000
N.
Y., 252 Broadway.
do
A J.
A J. Portland, Treas. Office.
do
do
A N.
July 1. 1928
April 1, 1902
July 1, 1921
Jan. 1, 1899
Jan. 1, 1899
Jan., 1900
Nov., 1901
.
•
July 15,1883
Jan. 1, 1883
July 15, 1873
July 2, 1937
1905
.
A J. Providence,Am. Nat.Bk
A J.
Providence, Office.
do
do
A. A O.
J.
J.
July 1, 1892
July 2, 1883
1897
chusetts has made a lease of the road for 60 years from December
with a guaranteed rental of $15,000 a year, which pays 482 per
.
-
pal,When Due.
Payable, and by
J.
535,000
500,000
2,500,000
Div’d
p ct.
Net
Where
6 g.
1.000.000
100
Earnings,
"
DIVIDENDS.
580,168
....
Earnings.
$7,872,47)5
7
7
7
7
8
10 s.
6 g.
7 g.
500 Ac.
1877
'
r
4,000,000
3,099,000
500,000
724,276
5 50,000
1,500,000
800,000
2,268,000
1,000
1878
1878
1870
1871
1\
134
19,714,285
8,41 0,000
50
69
94
Gross
4,000,000
100 Ac.
£200
100
100
500 Ac.
500 Ac.
500 Ac.
1881
*99
Raleigh h Augusta—Stock ($1.000,000 pref.)
.
When
cent.
134,000
1,000
24
112
New bonds
Freight (ton)
Rate per¬
$6,863,000
2,500,000
3,000,000
1,000
1,000
1,000
1878
*27
Poughkeepsie Hartford h liostoii—1st and 2d mort.
Providence h Spring/.—1st M. tend, by City Prov.).
Providence h Worcester—Stock
Miles.
Mileage.
Mileage.
468
637,470,506
77,819,493
468
86,106,476
803,053,260
468 104,287,111
806,257,399
468 130,470,169 1,044,447,161
468
Amount
Outstanding
'
1871
1862
1862
1862
1857
1874
70
70
30
Pittsb. Va. h Charleston— 1st mortgage, gold
Years.
1878...
1879...
1880...
1881...
notice of any error discovered in these Tables.
120,000
Holliday’s CoveltR. mortgage bonds
Pittsb. h Connellsville.—l&t, mortgage
1st mortgage Turtle Creek division
Consol, mort., guar. B. A O. (s. f. £7,200 pr. yr.j..
Pittsburg Ft. Wayne & Chicago—Stock, guar
Passenger
fVoL, XXXVII,
INTEREST OR
DESCRIPTION.
For
BONDS
AND
STOCKS
1,1878,
cent on
$1,000,000 bonds, and the stock is to receive the same dividends as the
stock of the leasees.
Total stock, $1,150,300, of which lessees own
7
7
7
7
7
$551,300.
Poughkeepsie Hartford h Boston.—S(?pt. 30.1882, owned from Pough¬
keepsie, N. Y., to New York State Lino, 47 miles. The Poughkeepsie A
was opened in 1872, and was sold in foreclosure May 15,
1875, and the present company organized. It connects with the Connec¬
ticut Western RR. The 1st mortgage bonds are $35,000, 2d mortgage
$500,060 The stock is $850,000. In 1880-81, gross earnings, $59,232 ;
expenses, $54,815.
In 1881-2, gross earnings, $68,408; expenses,
$59,45)6. G. P. Peltou, President. Poughkeepsie, N. Y.
—(V. 32, p. 5 77.)
Eastern RR.
Pittsburg & Lake Erie.—Dec. 31, 1882, owned from Pittsburg, Pa
,
to
Youngstown, O., 68 miles; branch line to Newcastle, Pa., 2 miles ; total,
70 miles. Scrip certificates for $110,000, bearing 6 per cent interest
and payable at will, have been issued as dividends on stock. Gross
In 18*L gross, $1,011,003;
earnings in 1880, $811,256; net, $142,211.
net, $608,761. in 1882 gross, $1,265,718; net, $008,70t.(Y\ 31, p. 59;
V. 35, p. 103; V. 30, p, 107, 561, 591, 675.)
It
Stock is
1881-82,
Pittsburg Virginia h Charleston.—From Birmingham, Pa., to Browns¬
ville, Pa., 53 miles.
The stock is $1,501,9i;0. The bonds, $2,000,- gross.$5)6,252; net, $34,997. William Tinkham, Pres., Providence, R. I.
Providence h
000, besides $208,100 debt eertiileates, and ofthe stock $1,241,050,
owned by the Penn. RR.
Net earnings in 1881 $127,111, against
Providence h Worcester.— Sept. 30, 1882, owned
to Worcester; Mass., 41 miles; branches, 7 miles;
socket RR. and Hopkinton RR., 15 miles; total
aie
$127,952 in 1882.
Pittsburgh Western.—The mortgage was executed Oct. 1, 1881, to the
Mercantile Trust Co., covering file projected line from Allegany City.
Pa., to Youngstown, O., and Newcastle, Pa., to Red Bank, Pa., and
Junction to Parker, l’a., in all about 200 miles. Also the rights secured
by the contract of the Wabash, Central of New Jersey and Roc-lister
A Pittsb. combination. Stock. $6.60 ,<)o0.
$178,111; net, $11,030.
(V. 31, p. 161;
Pittsburg Youngstown h Chicago.—(V. 33,
p.
Vears.
1879-80
1880-81
IS-1-82
18s 1-82 grass earnjugs,
35, p. 103, 266, 131,516.)
p.
75; V. 31,
p.
161
;
Pomeroy h Newark.—Pomeroy, Pa., to Newark, Del., 27 miles. For¬
merly Penn. & Del. RR., then Pomeroy A State line, then reorganized
in 1881 as above.
Operated by Pennsylvania Railroad.
Port Jervis h Monticello.—Sept. 30, 1882. owned from Port Jervis, N.
Formerly the, Monticello A Port
Y., to Monticello, N. Y., 24 miles.
Jervis RR., which was sold in foreclosure July 16,1875, and reorganized
as the present Port Jervis A Monticello. Gross earnings in 1880-81, $28,171; deficit, $15,018; 1881-82, gross, $31,020; deficit, $1,123. The
stock is $721,276. issued to the former holders of first mortgage bonds.
1881-82.
$320,231
280,227
Operating expenses
leased Milford A Woon¬
Mill’s.
66
66
66
..
..
Mileage.
15,941,?39
17,439.529
Mileage.
Income.
23,669,729 $1,064,801
22.211,710 1,039,671
25,023,982 1,147,514
Income,
p. c.
6
5
6
$332,813
303,457
310,897
19,977,254
-(V. 35, p. 577.)
Raleigh h Augusta.—Jn\y 31, 1882, owned from Raleigh, N. O., to
Hamlet, N. C 98 miles.
Formerly Chatham Railroad, and is controlled
by Raleigh A Gaston. Earnings 1881-82, $222,351; net, $53,336.
Raleigh h Gaston..—From Raleigh to Weldon, N. C.. 97 miles. Stock,
$1,500,000. Dividend of 3 per cent paid October, 1881. Earnings for
V. 35,
103.)
Gross earnings1
from Providence, R. I.,
operated, 66 miles. In
1881 new stock for $500 600 issued for improvements. The notes pay¬
able Sept. 30, 1882. were $420,000. Opera.urns and earnings for three
years past were as follows:
Pa -enger
Freight (ton) Gross
Net
Div.
In
V.
Springfield.—Providence, R. I., to Pascoag, 23 miles.
proposed to extend the road to Springfield, Mass., 80 miles.
$517,150. In 1880-81, gross earn’gs. $89,328; net, $42,485; in
is
..
,
tive years were as
follows:
Years.
1876-7
1877-8
1878-9 (14 months)
1880-81
1881-82
Gross
.....
Net
Earnings
Miles.
97
97
97
Earnings.
242,478
295,051
$85,750
107,185
115,343
97
439,785
53,3b4
97
446,951
99,294
$234,511
Reading h Columbia. —Nov. 30. 1882, owned from Columbia to Sink¬
ing Springs, l’a., 40 miles; branches, 8 miles; Lancaster & Reading
Railroad, leased, 15 miles; total operated, 63 miles. Stock, $958,268.
Tiic road is controlled and operated by Philadelphia A Reading, but
accounts kept separate.
The lirst mortgage 7 per cent bonds, due
1882, were extcnded'30 years at 5 per cent. Gross earnings m 1880-81,
1880-81.
$391,184’;
$356,085
net earnings,
$138,794; payments for interest and rental,
$94,500; 1881-82 gross. $132 995; net,
211,108
$138,611; interest and rental,
(V. 34. p. 282.)
Net earnings
$10,006
$11 i, 887
Rensselaer h Saratoga.—Sept. 30, 1882, owned from Albany to Lake
(V. 32, p. 356; V. 33, p. 580, 621.)
Champlain, N. Y., 79'miles; Troy to Waterford Junction, N. Y , 6 miles;
Portland h Ogdensburg.— Sept. 30, 1882, owned from Portland Mo., Whitehall. N.Y., to Castleton, Vt., 14 miles; Eagle Bridge to Rutland,
to Fabyans, 01 miles.
It reaches the Vermont Division (now St. Johns- Vt., 62 miles; other, 2 miles; leased: Ballston to Schenectady, 15
bury A Lake, Champlain) by using 11 miles of the' Boston Concord A miles; Fort Edward to. Caldwell, 15 miles; total operated, 193
Montreal RR. and a 3-mile link of its own. The eit v of Portland owned miles.
It was a consolidation of several lines, and the Delaware A
a controlling interest in the stock, which is
$l‘.052,186. A suit in Hudson Canal Co. leased the whole March 1, 1871, at a rental of 8 per
equity was begun l»y holders or the 1871 mortgage in February, 1881, cent on the stock and 7 per cent on the bonds. Operations and earn¬
but contested by the city.
Earnings of this road for five years past ings for three years past were as follows:
Net
Div.
Gross
were as follows:
Freight (ton)
Passenger
Earnings, p.c.
Years.
Milos.
Gross Earn'gs.
Years. Miles.
Mileage.
Earnings.
Mileage.
NetEarii’gs
8
5)1
54,333,707
$1,821,318 $865,372
21,797,913
$270,783
$88,574 1879-80. 183
762,637
8
1,922.002
91
23,427,570
lSSO-'G. 183
55,989.982
271,193
92;21>5
828,908
8
2.104,590
91
65,388,489
28,378,001
292,659
102,65)5 1881-82. 193
$114,750.
94
94
5)1.077
301,215
351,173
106,304
-(V. 32. p. 206; V. 31, p. 113. 522; V. 36. p. 1 G8 )
Portland h Rochester.—Sept. 30, 1882, owned from Portland, Me., to
Rochester, N. tl., 53 miles. The old company was put in the hands of
a Receiver February. 1877.
Foreclosure suit was begun, but a settle¬
ment was made in i 881
by which all tin* old stock and bonds were con¬
verted into tin? stock of the new company
Gross earnings in 1880-81,
§168,328
: net,
$15,031;
gross,V.,36,
$201,817;
$6,526. (V.
2, p. 181;
V. 33,
161; inV.1881-82,
34,
175;
168net,
)
p.
p.
p.
Portland Saco h Portsmouth.- Portland, Me., to Portsmouth, N. II., 51
miles. It was leased May 4, 1871, to the Eastern Railroad, Mass., at 10
percent, on stock. Lease rental changed May 21, 1877, and now 6
,per cent. No debt.
Portsmouth h Dover— Portsmouth, N. II., to Dover, N. II.. 11 miles
Opened February 1. 1871, and leased for 50 years to Eastern of New
Hampshire at 6 per cent per annum on the stock. Operated now by
Eastern (Mass.) Frank Jones, President, Portsmouth, N. II.
Portsmouth Great Falls h Conway.—Owns from Conway Junction, Me
to North Conway. N. H., 71 miles.
The Eastern Railroad in Massa¬
.
Richmond h. A llcgh any— March
31, 1832, owned from Richmond to
Williamsons, Va., with branches to Lexington,
250 miles, and leased
operated,
Henrico RR,, Lorraine to Hungary Station, 11 miles; total
261 miles.
The company owns by put chase the property and fran¬
chises of the Janies River A Kanawha Canal Co., including water
power on James River.” The stock is $5,000,000, and there is also a
mortgage subscription loan of $1,250,000. In June, 1881,
idation with the Ohio Central was voted, but never consummated. See
2d
consol¬
report with balance sheet to 8ept« 30, 1882, in V. 35, p. 707. Gross
1881-82, $545,002.
In May. 1883, default was made on second mortgage coupons, and on
June 23 receivers were appointed.
(See Chronicle, V. 36, p. 724.)
—(V. 33. p. 12, 4*>, 102, 154, 202, 226, 305, 685, 716; V. 34, p. 116,
196, 550, 625, 655; V. 35. p. 707 ; V. 36, p. 724; V. 37, p. 23.)
earnings in
Richmond h Danville.—Sept:,
1882, owned from Richmond, Va.,
to
Danville, Va.. 141.miles; branches, 12 miles; Danville, Va., to Greeusboro, N. C\, 47 miles; Salem Junction to Salem, 25 miles; leased; West
Point, Va.. to Richmond, 38 miles; Goldsboro, N. C., to Chanotte. 223
miles; Charlotte. N. C., to Atlanta, 269 miles, and narrow ar.au<W
branches, 70 miles; total owned and leased, 825 miles.
August, 1683.]
KAILROAD
Subscribers will confer
a
great favor by
STOCKS AKD
giving immediate
DESCRIPTION.
For explanation of column
headings, Ace., see notes
on first
page of tables.
Raleigh d Gaston—1st mortgage
Reading d Columbia— 1st mort, coup, (extended)..
2d
mortgage, coupon
Debentures
Lancaster & Reading, 1st
mortgage
Rensselaer d Saratoga—Stock
1st mortgage, consolidated (for
$2,000,000)
Richmond d A (leg hang—1st
mortgage, gold
Second mortgage, gold
($4,000,000)
do
Rich'd
do
of
97
40
40
744
141
141
2d mortgage
Iredericksburg d Potomac—Bonds,ster
....
48
29
38
38
Dollar loan
Coupon bonds of 1800
Coupon bonds of 1001
Richmond d Petersburg—Stock
25
25
25
....
ioo
1867
1874
1882
1868
1873
1873
1880
100 Ac.
1,000
1,000
Outstanding
$1,000,000
650,000
350,000
1,600,000
350,000
6,854,100
1,925.0(H)
4,925,000
974,000
97,000
5,000,000
1,228,100
3,102,000
4,000.000
1,000
1.000
1,000
1.000
500,000
1879-20
...
31
18
108
279
9*i
1st mortgage
ioo
....
1870
1875
1,000
91
5,000
1,000
100,000
139,000
2
6
6 g.
6
8
6
8
6
6 g.
a
15,000,000
25,000
10
6
J.
J.
J.
F.
J
M.
0 g.
3
212
Whom.
pal,When Due
Stocks—Last
Dividend.
.
Jan., 1898
Mch. 1,
1912
June, 1884
Dee. 1, 1917
July 1, 1893
July 2, 1883
Nov., 1921
July 1, 1920
May 1, 1916
N. Y„ Met. Nat. Bk.
Aug. 15, 1882
Ac N. N. Y., Central Trust Co.
May 1,’85 &’90
Ac J.
do
do
1915
Ac. O.
do
do
April 1, 1927
Ac 0.
do
do
1888
Ac 0.
Richmond.
1902
Ac J. N. Y., Central Trust Co.
1894
Ac N.
Richmond.
1890
4c J.
London.
1885
Richmond, Otliee.
J. Ac ,T, Phil..Townsend W.Ac Co.
M. Ac N.
Richmond, Otliee.
J. & J
Richmond, Otliee.
A. Ac O.
do
do
M. Ac N.
do
do
3
8
6 & 7
7
1,000
-
Bonds—Rrinoi
Payable, and by
J. Phila.,Pa.,& Ral’gli.N.C.
S.
Phila., Co.’s olliee.
D. Columbia, First Nat.B’k
D.
Phila., Co.’s Otliee.
J.
do
do
J. N. Y., Nat. B’k Com’rce
N. N.Y., Del.Ac H.CanalCo
J. N. Y., No. 2 Wall Street.
N.
do
do
Various
8
724,000
1,000
Ac
&
Ac
Ac
Ac
Ac
Ac
A
Ac
Where
Q,-F.
M
J.
A.
A.
A.
J.
M.
J.
5, 6, 7
1,500,000
150,000
1,000
Payable
J.
M.
J.
J.
J.
4
J.
7
* M
7 g. J.
b 8- M.
1.000
1881
1882
1883
Var’s
When
8
5
7
6
7
6
6
6
100
stockholder in the R. As VV. P. Termi¬
nal, took $750,000 of the Va. Midland income bonds with
$325,000
stock as a bonus, and realized a nominal
profit of $275,000, and paid an
extra dividend of 1 per cent therewith.
Early in 1882 the $4,000,000
debenture bonds were sold to R. Ac D. stockholders at 45.
In April, 1882.
the R. Ac D. Co. took $5,000,000 of Terminal
stock at $25 per share, aud
gave $1,000,000 of the R. Ac D. stock in
part payment. (The Terminal
Co. stock
as
900,000
400,000
57,327
316,594
150,000
300,000
INTEREST OR DIVIDENDS.
Rate per
Cent.
2,000,000
500,000
555,200
1,300,000
2,500,000
600,000
1882
1878
500,000
1,009,300
500 Acc.
100
1883
trust) in 3 series
Rock Island d Peoria—Stock
Dec., 1881, the R. As D. Co.,
!
1873
$1,000
1862
100 Acc.
1864 i
1.000
•1877 j
1,000
1873
100 Acc.
100
1871
1,000
1880
1,000
18S1
1,000
....
Trust notes, secured by collateral
In
Value.
;
lix
notice of any error discovered in
these Tables.
Amount
....
Rio Grande & Pecos— 1st M.. gold
($20,000 p. in.)...
Rochester d Genesee Talley—Stock
Rochester d Pittsburg.—1st
mortgage
Consol, mortgage
2d mort. for terminal facilities
mar
or
Par
....
1st mortgage, coupon
Consol, mortgage
Richmond d West Ft. Ter. R. d TP. Co.—Stock
Equipment bonds
*
15
183
79
250
250
;.
! Size,
Date
of
Road. Bonds
...
.
Improvement bonds ($300,000)
Richmond d Danville—Stock
3d mortgage, (consol, of
1867) coup, or reg
General mort., gold (for $6,000,000),
Debenture mortgage bonds, cumulative
Piedmont branch, 1st mortgage
Northwestern, N. C., 1st mort., guar
Richmond York River Ac Cues., 1st
mortgage
Miles
BONDS.
I
J.
J.
Ac
Ac
Ac
Ac
Ac
Ac
N.Y. Central Trust Co.
I). N.Y., Mercantile Tr.Co.
J. N.Y..by N.Y.L.E. Ac W.Co
A.
N. Y., Union Trust Co.
1).
New York.
N.
N. Y., Gallatin Bank.
do
do
Ac D.
Ac J. N. Y., Corn Exch. Bank.
1895-’99 1902
1890
1901
Jan. 2,
May 1. 1915
J.
Rochester d Gejicssce
Valley.—Sept. 30, 1882, owned
Rochester. N. Y., 18 miles. Leased July 1, 1871, in
1882
1883 to ’86
1885
June 1, 1912
July 1, 1883
Feb. 1. 1921
Dec. 1, 1922
May 1, 1888
Various.
1882
Jan. 1, 1900
from
Avon
to
perpetuity, to Erie
Railway, and now operated by New York Lake Erie As Western.
Rental,
$34,012. James Broekett, President, Rochester, N. Y.
Rochester d Pittsburg.—(See
Map Page lx.)—Owns from Rochester,
southward to Punxutawney in
Pennsylvania, 204 miles; and
Buffalo
was increased then to $15,000,000 )
Branch from Ashford Junction to Buffalo, 44
The R. AcD. was paying
miles; total,
248
miles.
■quarterly dividends, blit in Nov., 1882, the dividend was
Leased, 46 miles. Total operated, 294 miles.
passed for the
Formerly
purpose, as reported, of paying off floating debt, Ace. The interest due Rochester &
State Line, which
road was sold and purchased
on debentures in
April, 1883, was ordered to be paid when due. See by Walston II. Brown, of New York, and was reorganized as the Roches¬
ter Ac Pittsburg.
partial report for 1881-2 in V. 35, p. 707.
In Nov., 1881, an important consolidation was
By ownership of a majority of the stock of the Richmond Ac West made. (See V. 33, p. 623.) In Dec., 1882, the new consolidated mort.
was issued in
Point Terminal Railway Ac Warehouse
place of old income bonds and for other purposes, and
Company, the Richmond Ac Dan¬
ville Railroad Company indirectly
controls and operates the following to July, 1883, $1,300,000 of the incomes, out of $1,870,000, had been
lines of railway: Charlotte Columbia Ac
The capital stock was increased in 1882, to
Augusta, 191 miles; Columbia exchanged.
$20,000,
Ac Greenville and branches, 226 miles;
000. which increase was thus commented
upon in the annual report:
Spartanburg
Union
Ac
Columbia,
68 miles; Northeastern of Georg a, 40
“Since
the
close
of
the
fiscal
miles; Western N. Carolina Rail¬
year—i. e., October 5, 1882—the stock¬
holders appioved of the increase of the
road, 186 miles; Asheville Ac Spartanburg, 67
capital stock of.tlie company to
miles; Virginia Midland
$20,000,000,
divided
into
Railway, 401 miles; total miles thus indirectly controlled through R.
200,000 shares of $100 each. The object of
Ac W. Pt. Ter’l R. W. Co., 1,182
this increase was to purchase and cancel the
miles; grand total of miles
intended issue of $3,200,anti, 000 of the income bonds of the
indirectly controlled by Richmond Ac Danville RR. Co., directly
Buffalo Ac Pittsburg division, mid for
2,009. The the
Richmond Ac Danv. Extension Co. was
purchase of the entire capital stock of the Perry Railroad Co. aud
organized ft) build Ga. Pae. RB.,
the Brockwayville Ac
and large advances were made to it
by the Rieliu ond Ac Danville Co.
Punxsutawney Railroad Company, and also to
The annual report for the year
ending Sept. 30, 1882, was published in purchase the entire capital stock of the Rochester At Pittsburg Coal &
the Chronicle, V. 35, p. 705 and 734.
Iron Company. This latter
corporation owns the most desirable coal
lields iu Jefferson County, Pa., has
The income account was as follows for all tin* lines:
$300,000 cash working capital, and
no bonded or
RECEIPTS.
lUSIH KSKMKNTS.
lloating debt. The $4,000,000 of capital stock of the
General freights
$2,318,122 Interest on funded debt. $339,679 Rochester & Pittsburg Coal At Iroll Co. which our company now owns
and holds in its
Passengers
965,937 Int. on float’g debt (inc.
treasury as an asset, is a most valuable acquisition, as
it renders our
Express freights..
66,600
company always sure of having a large coal tonnago
$27,552 paid on carat good paying rates.” ‘ In the
United States mails..
trust contracts)
186,602
year ending Sept. 30, 1882, gross earn¬
104,619 ings
Miscellaneous sources..
were,
$305,988
; net, $101,580.
Iut.
on
43,669
bds. of the North¬
(V. 35. p. 71,79,95, 103,104.
Telegraph
2.459
133,162,266,
291, 313, 393, 546, 638, 677, 707,763; V. 36, p. 28,
western N. C. RR
780
Rents of cars, Ace
109,
591.
675.)
2
67,6"
Rental to Richmond Y.
Rock Island d
R. A C. RR
Peoria.—.Inly 1. 1882, owned from Rock Island, III., to
85,850 Peoria, III., 91 miles.
This is the Peoria As Rock Island, sold in fore¬
$3,651,073 j Rental to Piedmont RR.
60.000 closure
of
the
first
Operating expenses
2,353,038 Rental to North Car. RR
mortgage April 4, 1877, the bondholders becoming
260,000 tlie
purchasers. Capital stock, $1,500,000. Gross earnings. 1882,
Rental to At lan. Ac Char¬
$405,Net earnings
263; net earnings, $64,918, out of which a 5
lotte. A. L. RR
$1,298,034
per cent dividend was
467,000 paid on the
Received from iut. on in¬
stock.
Dividends.,
380,000
vest’s and prem. on bds
Rome Watertown d
Miscellaneous
Ogdensburg —Sept. 30, 1882, owned from Rome to
74,518
and stock sold
575,770
Ogdensburg, 141 miles; branches: To Cape Vincent, 24 miles; to Pots¬
dam, 24 miles;
Sundry accounts
23,300
$1,772,446 45 miles; leasedOswego to Lewiston, 146miles; Sandy Creek toSyraeuse,
Oswego At Rome RR.,29 miles; Niagara Falls Br. RR., 8
miles ; total owned, leased and operated, 417 miles. It was a
Makingatot. net reven'e
j
to
the
credit of
consolida¬
Balance
for the year of
tion Oct., 1861, of the Watert’n At Rome and the
$1,897,105 |
Potsdam & Watertown
net inc. Sept. 30,1882 $124,659
—(V. 34, p. 87, 178, 336, 435, 550, 715
railroads.
The
Lake
Ontario
Shore
Railroad
was
; V. 35, p. 52, 189, 405, 422,
foreclosed Sept. 22,
449, 1874, and
457, 577, 625, 707, 734 ; V. 36. u. 82, 140, 187,
313, 332, 358, 561, 699 ; Northern transferred to this company January 15, 1875. The Syracuse
V. 37. p. 48, 68, 100, ill. 128,
was foreclosed, and
151, 176.)
purchased by this company August 1,
1875. The
Richmond Fredericksburg d
At Rome was leased January 1,1866, at 8 per cent
Potomac.-ASept. 30, 1882, owned from on stock andOswego
int
(‘rest
on bonds.
The, Niagara Falls Br. road was leased
Richmond, Va., to Quantico, 82 miles. In November,
1881, there were Nov. 1, 1881, at 7 per cent on its stock of
voted dividend certificates for $755,039 to he
$250,000. The company wa*
issued to holders of com¬ in default on <
oupons of the consol, bonds since April 1, 1878, and
mon stock (70 percent on each
share), to represent money spent on allowing the
prior liens to stand, gave for the consol, mort. new bonds
the property out of earnings. The
common stock is
$1,030, 100, ami i bearing 5 per cent; also funded the 3344 per ct. overdue interest
guaranteed stock is $500,400, and “dividend obligations”
(to
$720,200.
i
July, 1882,) into 7 per cent income bonds; also assessed 10 per cent cash
A dividend of 2 per cent was
paid July 2, 1882, on stock and dividend i on stock to
pay floating debt, and gave income bonds for the assess¬
c
'igations. Gross earnings in 1880-81, $406,927; net,
$208,740. In ment. In June is,"3 the control was
1 U-82, gross earnings, $139,875; net.
changed, and Del. Lack. & W. man¬
$172,543,
(V. 35, p. 625.)
! agement ceased. Operations and earnings for three years past were:
Richmond d Petersburg.—Sept. 30,
1882, owned from Richmond to 1
Passenger
Freight(ton) '
Gross
N«fr
Petersburg, Va., 23 miles; branch, 2 miles; total,25 miles. The road Years.
I
Mill's.
has earned moderate dividends and the
Mileage,
Mileage.
Earnings. Earnings.
debt account is very small,
409
10.402,043
In 1881-82 gross earnings,
j
43,538,148 $1,467,894 $487,738
$174,378; net, $56,596.
409
17,417,353
Richmond d West Point Terminal
45,887,851
1,510,442
284,088
Railway d Warehouse Co.—This com- j
4
17
19,223,584
54,470,111
pany was incorporated by an act of the Legislature of
1,814,495
401,581
Virginia
of March ! —(V. 35, p. 538; V. 36, p. 82, 1*6, 052.j
8, 1880. It is the auxiliary corporation of the Richmond
A: Danville
Rutland.—July 1, 1883, owned from Bellow’s Falls, Vt., to Burling¬
syndicate controlling several stocks by ownership of a
majority. ton, Vt., 120 miles. This road has been through many changes. It was
In April, 1882, the stuck was increased from
$5,600,000
to $15,000,000,
leased
to the Central Vermont in
the old stockholders
December, 1870, for 20 years, but the
taking two new shares at $25 per share for each old lessee became
insolvent, and iinally a modification of the lease was
share owned. Tile Richmond Ai Danville
owns
Company
$7,510,000
of
made,
this stock.
giving $250,000 per year as a .minimum rental and $8,000 for
Its stock was placed on N. Y. Stock
1881. ami the balance sheet was published in Exchange in November, i organization (expenses. The bondholders agreed to aeeept 5 per cent,
the Chronicle, V. 33,
bonds
in
p. j
exchange for equipments and 6 per cent bonds in lieu of 8
589. The company owned the following
stocks, viz.: $2,550,000 Rich¬ per cents. The 5
percent 2<ls are a -first mortgage on rolling stock and
mond'A: Danville Extension Co.. $120,000
Northeastern Railroad of personal
property.
The common stock is $2,480,600 and preferred
Georgia, $3,166,300 Western North Carolina RR., $100,000 Knoxville
$4,000,000.
fine dollar per-share paid on preferred stock
Ac Augusta RR., $1,302,100 Charlotte
August,
Columbia Ac Augusta RR., $518,- 1882. (V. 33,
p. 154; V. 35, p. 124; V. 36, p. 170; V. 37, p. 127.)
000 Virginia Midland
Railway, $1,001,000 Columbia Ac Greenville RIL;
Sabine d East Texas.—Sabine to Boon’s
and the following bonds:
Ferry, Tex., 10i miles; thence
$250,000 Richmond A: Danville general mort¬ to
Shreveport. La. About 105 miles completed to July,, 1882. $2,600,gage 6 per cents, $100,000 Knoxville & Augusta 1st
mort.'6 per cents, 000 bonds authorized on Sabine Division.
$368,000 Spartanburg At Asheville 1st mort. 6
(V. 35, p. 237, 487.)
percents, $850,000 West¬
Sabine Pa^s d Texas North.—Line of road, Marshall, Tex., to
ern North Carolina eon. 6
Sabine
per cents, $15,700 miscellaneous
Pass,
Gulf
of
township
bonds.
In Jan.. 1883, the above trust notes
Mexico, 218 iniics. Road under construction. Stock,
were issued at 90, secured
$4,000,000.
by a deposit, of stocks and bonds as collateral. See V.
36, p. 56, 109.
Sacramento d Placerville.—T>cc. 31, 1882. owned from
—(V. 35, p. 735 : V. 36. p. 56, 109.)
Sacramento,
Cal., to Shingle Springs, Cal., 48 miles/ This was a consolidation of
Rio Grande £ Rezos- O wns from Laredo on
Rio Grande River, to
tiie
Sacramento
Santa Tomas, 27 miles, to the
Valley
Ac Placerville railroads, April
company’s coal lands of 20,000 acres. 19,1877. Capital stock,and the Folsom
The mortgage us issued at
$1,756,000. Gross earnings, 1881, $85,707 ;
$16,000 per mile single track, or $20,000 net, $35,504;
gross, 1882, $96,531 t net, ^$11,106.
per mile of three rail track.
Leland Stanford,
President, San I raucisco.
jflf 301519 l&M
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T’AILI'OAD
August, 18S3. J
■
Subscribers will confer
a
Miles
Date
For explanation of columu headings, Ac., see notes
of
of
on first pag* of tables.
Road. Bonds
Borne Watertown <& Ogdensburg—Stock
1st sinking fund mort., Wat. & R. (extended)
General mortgage, sinking fund
2d mortgage
Consol, mort., (extended July, 1882, at 5 per ct.).
Income bonds
Syracuse Northern (gold)
Rutland—General
mort. (8 per cent, reduced do 6>..
New 2d mort. in excli. for equipment bonds, Ac.
Sabine <t East Texas—Stock ($4‘,0()0,000)
SabiTie Pass dt Texas North—1st M. ($3,500,000)
Sacramento <t Placeroille -1st mortgage (S. V. KR.).
1st mortgage (S. & P. RR.)
409
97
190
190
409
....
45
120
120
105
.
Saginaio Valley it St. Louis.— 1st mortg., coup..Johnsbury it L. Champlain— 1st M.,coup. or reg.
St. Joseph it St. Louis—1st mortgage
St. Joseph it'-Western— 1st M. St. Joseph & Pacific..
2d mortgage
Kansas A Nebraska, 1st mortgage
Kansas A Nebraska, 2d mortgage
H;tstings & Grand Island, 1st mort
St.
St. Louis Allan <t Terre Haute—Stock
Pref. st’ek (7 cumulative)
1st mortgage (series A) sinking fund..
1st mortgage (series B) sinking fund..
2d mortgage, preferred (series C)
2d mortgage, preferred (series D)
2d mortgage, income
•
•
•
•
•
•
.
•
48
29
120
76
112
112
115
115
j r!
©
'
r >s2>
t,
x Jr
>
s
r©
W
3 ug
©
a
U *
0
Income bonds, not cumulative
St. Louis it Cairo— 1st M., income (not cumulative)
6t. Jjouis Ft. Sealt it Wichita—1st M. ($15,000 p. m.)
St. L. llan.it A'.—1st M .couv. till ’87 ($12,000 p.m.)
Si. Louis Keokuk it N. IF.- Stock($l,350,000 is pref.)
1st mortgage, gold
Income bonds
.
-
.
207
207
2<)?
207
....
....
144
....
85
183
135
135
was
5
1,000
1,000
2,094,230
7
7
6
5
100 Ac.
100 Ac.
-
-
»
1,000
1,000
1,000
1,000
100
100 Ac.
100 Ac.
.
100
1864
1 86 L
186 1
1,500.000
300,000
0)
400,000
500 Ac.
1,000
375,000
2,300,000
2.468,400
1,100,090
1,400,000
1,400,000
1,700,000
7
7
10
6
1881
1,000
1880
1877
2,690,000
1,000
100 Ac.
J. N.
S.
D.
J.
O.
J.
J.
J.
M.
A.
M.
J.
J.
J.
J.
J.
A
A
A
A
A
A
A
A
A
A
A
J.
A.
F.
M.
M.
A
A
A
A
A
M. A
7
.1 une
J.
0.
A.
N.
N.
S.
1
(0
7
7
1,000
1,000
1.980.000
7 g.
7
J.
J.
pre¬
ferred stock has a prior right to a cumulative dividemlof 7 percent,
before any is declared on common. It is also convertible into com¬
mon at par; but shall not receive
any dividend as common stock for the
time it was held as preferred. In January, 1881, the company declared
3 per cent in cash on the preferred stock and afterward settled there
maining 55 per cent of accumulated dividends by the issue of income
bonds, and has since paid the 7 per cent (V. 34, p. 461, 572 ; V. 35, p.
5 g.
A
A
p. 533, 561.)
1882, Cairo & St. Louis owned from
Cairo, Ill., to East St. Louis, Ill. (3 ft. gauge), 147 miles. Default made
April 1, 1874. Sold in foreclosure July, 1881, and bought in, in behalf
of bondholders. Stock is $6,500,000, and 5 per cent, interest was
paid
April 1, 1883, on the bonds. Earnings for the year 1881, $424,480; net,
$64,620; for 1882, gross earnings, $382,297; net, $141,016. (V. 34, p.
147, 366 ; V. 36, p. 427, 589.)
SI. Louis Ft. Scott it WichHa.—From Fort Scott to Eureka, Kan., 100
milc-s, opened July, 1881;
construction is in progress, and to be
completed to El Dorado, 32 miles further, by January 1, 1883. Moran
Brothers of N. Y.,and other capitalists, largely interested. (V. 35, p.
265.)
St. Louis Hannibal ct Keokuk.—Dec., 1882, owned from
Hannibal,
Mo., to Gilmore, on Wab. St. L. A Pacific, 85 miles. Stock, $1,636,000.
Earnings for 1881, l$34,094; net, $5,010. In 1882
$31,070. W. W. Walker, President, Hannibal, Mo.
V. 36, p. 427.)
net,
St. Louis Keokuk <t Northwestern.—Dee.
31,
gross,
$81,651;
(V. 35, p. 161;;
1882, owned from Keokuk,
la., to St. Peters, 135 miles; leased Keokuk to Mt. Pleasant, 49 miles;
do
do
do
do
do
do
do
do
Stocks—Last
Dividend
July 15,1875
Sept. 1, 1910
Deo. 1, 1891
Jan. 1, 1892
July 1. 1922
1932
N. Y., Otiice 37 Wall at.
do
do
do
do
"do
do
do
do
do
do
1
do
do
do
’
do
New York or London.
New York, Moran Bros.
N. Y., Nat. City Bank.
J.
J.|
July, 1901
Nov. 1, 1902
1898
Jan.
1. 1912
1875
1907
May 1, 1902
Oct. 1, 1910
1894
Jan. 1, 1915
Jan. 1, 1915
Jan. 1, 1915
Jan. 1, 1915
Jan.
1, 1910
May 1, 1883
1894
1894
1894
1894
189 4
1880
Jan. 1, 1894
1921
Oct.
1, 1910
Oct.
1, 1917
Jan.
Jan.
1, 1900
1, 1906
H>1
14, 1875, and this company organized July 1, 1875.
Road completed in
1879.
Income bonds above were originally a part of
$2,750,000 first mortgage bonds, but by agreement they were changed
into their present form." Gross .earnings year ending Dec. 31,
1881,
$368,435; gross expenditures, $188,132. including $88,876 for new
work, and $30,821 loss by Hoods. In 1882 gross earnings, $411,525 ;
gross expenditures, $460,939.
(V. 33, p. 256.)
autumn
of
St. Louis Salem it Lillie Rock.—Doc.^ 31,1882, owned from Cuba, Mo
to Salem, Mo., 42 miles, and branches, 13 miles; also 17 miles of branches
controlled ; total operated.
I« 72
l
uuivm,ajwiuo by
Reaches 8t. Louis
*r.y
e. L. A
iv. S;in
milesSt.
0*114
F. RR. Slock is $1,000,
00,000.
~
Earnings for 1881 on 52 miles wore $170,575; net. $107,115. lu 1882, on 54 miles, $160,018 net, $10/,057.
i
i
•iiv'i
w
iv'/uvuu
n
)Ji.
St. Louis it Sun Francisco.—I)cc. .31, 1882, owned from Pacific to
Seneca (main), 292 miles; brunohes-s-Granby branch, 1 kj miles; Orongo,
Mo., to Joplin, H)^ milesGirard to Galena, Kan., 47 miles; Carbon
Branch, 3 miles; Peirce City to Wichita, Kan., 218 miles; Plymouth,
Mo., to Fore Smith Ark., 132Q (piles; Springfield to Ozark, Mo., 19
miles; total operated December 3 1, 1.8*2, 725 miles.
This com¬
pany was organized Sept. 20, 1876, as successor to' the Atlantic &
Pan! in Mo. The latter was chartered by actof Congress July 27. 1866,
and embraced the South Pacific RR. (originally the Southwest-Br. of the
Pacific. RR. of Mo)., which was"consolidated with the Atlantic A Pacific
road Oct,. 25, ls70.
The South Pacitie Railroad had a grant of* lands
by act of Congress .Time 10, 1852, of 1,161,205 acres. The Atlantic A
Parilie received about '507.000 acres of land.
The South Pacific lauds
showed 405.74 l acres on band January 1, 1883. At lantic A Pacific lands
showed **0,179 acres
on hand at
same date, and
for these lands
(A. A P.) the second mortgage bonds, class 1», are receivable in pay¬
ment.
The interest on bonds “ B” and “C” is 5 for 1883 and 6 after¬
The trust bonds of 1880 are secured by deposit of 7 per cent
ward.
mortgage bonds of the St. Louis Arkansas A Texas RR. and Joplin RR.
mortgage of 18**1 (supplemented by that, of June, 1882,
changing the rate of interest to 6 per cent) lor $30,000,000 is made to
the United States Trust Companv as trustee, and $17,201,000 reserved
to take up all prior debt.
First preferred stock has prior right to 7 per
cent (non-oiimulative) ; then pref. entitled to 7 percent; then common,
entitled to 7; then all classes share in any surplus. The prof, and 1st
pref. also by the terms of a resolution of the board of directors (ex¬
pressed in the certilieates) bad a precedence for income over any mort¬
gages made subsequent to the creation of said stocks.
Uii
January 31, 1880, an agreement was entered into with tho
Atchison Topeka A Santa Fe for construction of a through lino to tlio
Pacific coast on the. parallel from Albuquerque to San Francisco.
Tho
road was to cost $25,000,000, and to lie built under the old charter
of the Atlantic A Pacific Railway.
Three trustees—John A. Stewart,
of too U. S. Trust Company, Warren Sawyer and 4E P. Kidder, of Boston
—were appointed to hold the stock in trust.
The voting power was to be
The general
vested in six directors of each road.
The road was partially built,
when in January, 1*82, a large interest'in the stock of the St. Louis
A San Fram-isco was acquired by C. P. Huntington and Jay Gould,
and this changed the projected plans for extensions, in some respects,
and arrangements were made subsequently for building to the Colorado
River to a junction with the Southern Pacific.
The annual report for 1832 (ChkoniClh. V. fO, p. 310) had tho following:
1880.
1881.
1882.
$
Earnings—
Passenger
Freight.
424,102
Mail, express, Ac
.
Total gross earnings
Total operating expenses
Net earnings
‘
,
$
$
741.388
2,180.333
665,331
2,342,010
2,618,383
93,936
152,582
182,469
2.693,371
1,506,169
3,160,523
1.617,900
1,625,781
1,192,202
1,542,557
1,946,459
3,572,240
K ACCOUNT.
79, 162, 297, 405, 658, 737; V. 36,
St. Louis it Cairo.—Dec. 31,
Y., Farm. I«. AT. Co.
J. London and New York.
J. N. Y. Central Pae. RR.
J.
do
do
N. New York, 9th Nat. Bk.
(). Boat., Am. L. A Tr. Co.
S.
Now York.
J.
Now York.
J.
do
J.
do
J.
do '
J.
do
916,931
2,700,000
1,620,000
A St. Louis Railroad. The Belleville A Southern Illinois is leased to t his
company for 999 years from Oct. 1, 1866. The main line (St. L. Ailon
& Terre Haute) was leased Nov. 1, 1882, to the new
Indianapolis A St.
Louis Railway and the Clove. Col. Cinn. A Indianapolis jointly. Under
this new lease the rent guaranteed is $ 150,000, ami that amount is all
that is to be paid unless, the gross earnings exceed $1,750,000 in
any
year ending Oct. 31, and then 20 per cent "is to be paid of the excess or
gross earnings over $1,750,000.
This company, in July, 1882, obtained a decision in its favor
against
the two solvent lessee companies for $221,62 1. against each. An appeal
to the United States Supreme Court is pending. The Belleville Branch
and Extension are operated separately by this company, and earned
net in 1881, $159,907; in ls*2, $238,936. The Belleviile A Eldorado
was leased for 985 years from July
1, 1880, at a rental of 30 per cent on
the gross earnings, but $15,100 per year guar.
Ot the first mortg. bonds $636,000 are held in sinking fund; of the
by
Jan’ry
A. A 6
A. A O.!
A. A 0.
In 1882,
The
A
A
A
A
A
Where Payable, and
Whom.
J. A J. N. Y., Farm. L. A T. Co.
M. A N. Boat., Blc. of Redempt’n
F. A A.
do
do
7
7
7
1,100,000
300,009
1,357,000
1,000
Bonds—Princi¬
pal,^When Due*
....
1,900,000
1,000
J.
M.
J.
J.
6
10
6
8
6 g.
7
7
7
7
7
700,000
446,000
600,000
358,000
1,900,000
1,200.000
1870
1881
On the foreclosure
1875.
companies were organized, the St. Joseph
A .Pacttie and the Kansas A Nebraska, with' bonds as above. These
wci e consolidated as St.
Joseph A Western, the stock is $1,100,000,
par $ 1<M). "The present bonds have no lion on lands, as the land
grant, oi 300.ooo acres was put in hands of trustees for the benefit of the
holders of me old land scrip of $2,250,000. The road is controlled
by
the Union Pacific and the coupons.on bonds are not paid.
The. 1J. P.
holds $1.336,200 of the st ock of $ 1,100,000 and $1,303,369 St. Joseph A
Paeiilc ist mortgage and $l,l t-i,00l Kansas A Nebraska 1st
mortgage.
In 1882 net earnings reported as $11,651,
against $31.26 i in 188 1.' 8e,r
statement in V. 36, p. 7u5.
(V. 35, p. 212 ; V. 36, p. 561, 675, 705 ; V.
37, p. 151.1
St. Louis Allan it Terre Ilantc—Dec. 31,1882, owned from Terre
Haute,
Ind., to East. St. Louis, 189 miles; branches, 19 miles: leased lines—
Belleville A Southern 111. RR., 56 miles; Belleville A Eldorado
road, from
Du Quoin to Eldorado. 50 miles; total, 314 miles.
This eomnany
was a
reorganization, February 18, ISO], of the Terre Haute Alton
owned by the company.
500,000
1,500,000
1,200,000
.
100
sold in foreclosure in November,
are
#
.
two divisions two
equipment bonds $216,000
$5,293,900
5,498,000
1,000
500 Ac.
1,000
Capital stock, $204,804.
Payable
1,000
....
1876
1876
Cent.
1,000
....
186 1.
1 86 l
When
3
7
7
7
1,000
...
Rate per
418,300
1,021,500
1,000,000
Lansing & Northern.
St. Johnsbury it Lake Champlain.—July, 1882, owned from Lunen¬
burg, Vt., to Maquam Bay, 120 miles. Tins was the Portland A Ogdens¬
burg, Vermont Division, and was reorganized under this title in 1880.
Preferred stock, $l ,208,500; common stock, $2,550,000. Net earnings
year 1880-1, $51,667. In 1881-82, income. $242,662 gross and $43,166
net. (V. 33, p. 202, 327 ; V. 35, p. 182, 264.)
■SI. Joseph it St. Louis.—St. Joseph, Mo., to No. Lexington, Mo., 76 miles.
Present company is successor to the St. Louis A Sr. Joseph Railroad,sold
in foreclosure February 8, 1874.
lias no funded or floating debt. The
St. Louis Kansas City A Northern took a lease, of the road for 99
years
July 1, 1874. The terms or the lease are an annual payment of $35,000
for live years and then 30 percent of
gross earnings, but $25,000 guar¬
anteed. Stock, $100,000.
St. Joseph it: Western.—Line of road: East Division—West. St.
Joseph,
Kan., to Marysville, Kan, 112 miles; West .Division—Marysville, Kan.,
to Hastings, Neb., 115 miles; Hastings A Grand
Island'road, 25 miles;
total, 252 miles. This is a reorganization of the former St. Joseph A
Denver* City road, which went, into the hands of a Receiver in 1874
the
Outstanding
100 Ac.
500 Ac.
fross
earnings
Ac.,
were1879,
$100,328;
net $35,225.
Interest payments.
35,680.
In July,
management
was transferred
to’the Detroit
of
Amount
Value.
Saginaw Valley it St. Louis.—Dec. 31, 1882, owned from Saginaw
to St. Louis/ Mic-li., 30 miles.
Opened January, 1873. Has a trarlic
and
BONDS.
INTEREST OR DIVIDENDS.
or
Par
....
1882
IS 55
1877
1872
1880
1874
1876
1876
1876
1876
25
-
Size,
$100
1855
1861
1872
1874
1882
1871
1872
1878
195
Equipment mortgage
guarantee from Michigan Central.
AND
great/avor by giving immediate notice of any error discovered lnjtiiese Tables*
DESCRIPTION.
g-
STOCKS
Receipts—
Net earnings.
s
Other receipts
Total net income
IUsbursem cn t.s—
Interest on debt and sinking fund
Int. accrued, not due, to Dee. 31.
Dividends
Miscellaneous
Total disbursements.
IS 80.
$
1881.
1882.
1,192,202
$
1,512,557
25,598
50,648
$
1,940.459
56,857
1,217,800
1,593,205
2.003,316
705,050
101,254
1,071,315
157.500
821,492
10J),865
315,001
105,022
162,575
49,026
315.000
63,913
1,009,726
1,408,932
1,499,754
148,074
Balance, surplus
184,273
503,562
62.99. 116 147, 196, 313; V. 35, p 133,
—(V. 3 k 1». 528; V. 3 t.
237- 266, 291, 339, 5 16, 577; V. 36, p. 18, 197, 301, 310, 443.)
St. Louis Vandalia & Terre Haute— October 31, 1882, owned from
East St. Louis to Indiana State line, 158 miles.
Road opened July lf
1870. It is leased to the Terre Haute A Indianapolis Railroad at a rental
of 30 per cent of gross earnings. For the year ending October 31 1882,
=
Subscribers will confer a great favor
187-290
293
293
293
253
C, gold
Equipment mortgage, gold
Mortgage on Mo. A Western RR., gold
Trust bonds
St. Louis Wichita A Western....
Gen. mort., gold, coup, or reg
St. Louis Vandalia <£• Terre Haute—1st M. s.
2d mort., sink, fund ($1,000,000 guar.)
St. Paul & Du In th— Preferred 7 per cent
84
100
145
All
158
158
1^2
182
169
f. guar
stock
Common stock
1st mort. bonds, coup, or reg
1,312
St. Paul Minneapolis <& Manitoba—Stock
76
2d M., and 1st on road from St. Paul to Watab —
656
1st mort. land grant sinking fund, gold
656
2d mort.. gold
413
Dak. Ext., 1st mort., gold (#12,000 per mile)
Consoi mort gold (for $50,000,000). coup, or reg. 1,312
,
Minneapolis Un. R*'.. 1st mort., gold, guar
St. Paul <t horlhtrn Pacific.— 1st mort.. gold
Sandusky Mansfield <£
Newark— Re-organized stock
1st mortgage, new
San Francisco <t North
Pacific— Stock
152
116
116
93
286
58
58
60
Savannah Florida <£ West—Consolidated 1st mort.
Southern Georgia A Florida, 1st mortgage
do
do
2d mortgage
Savannah Griffin d- N. Ala — 1st mortgage
Schenectady <L Duanesburg—1st M., guar. D. & H .
14*2
500
100
500
500
Ac.
1,000
1,100,000
1,350,000
2,000,000
5,000,000
1,899,000
2,600,000
5,121,700
4,055,407
1,000.000
100
20,000,000
1,000
366,000
5,750,000
8,000,000
5,676,000
10,574,000
1,500,000
5,000,0 0
1,074,832
1,000
1,000
-
1862
1879
1879
1880
1883
1882
1883
1,000
100 Ac.
1,000
1,000
1,000
1,000
1,000
'
50
1869
1.000
1867
1869
1869
1871
1874
500 Ac.
100 Ac.
50
$478,837, and the year’s charges against this sum
$350,493 ; leaving a surplus for the fiscal year of $128,343, which
applied to the repayment of advances heretofore made to this com
The first mortgage and $1,000,000
guaranteed by the lessees and
Railroad and the Col. Chic. A I. C. Co.
and $1,544,700 preferred. The pre-
issued for income bonds ($1,000,000) and for deficiencies
made up by the lessees.
Thos. D. Messier, President, Pittsburg, Pa.
was
Operations and earnings for five years past were as follows:
Passenger
Freight (ton
Earnings.
Mileage.
Mileage.
Years.
Miles.
13.092,370
58,722:821 $1,054,627
158
..
..158
158
158
158
..
..
..
12,974,971
17,309,919
19,161,449
18,311,812
£ 6,424,189
1,244,043
1,552,801
96,544,226
107,089,535
1,565,515
1,590,126
115,982,845
p. 357; V. 34, p. 62, 174; V.
Net
Earnings.
$158,685
294,272
446,018
188.574
408,506
36. p. 79 )
—(V. 32, p. 71, 120, 289; V. 33,
St. Paul <& Duluth.—Line of road, St. Paul, Minn., to Duluth. Minn., 156
miles: branch to Knife Falls. 6 miles; leased: Taylor’s Falls A Lake
Sup., 20 miles; total, 182 miles. O n Aug. 1, 1882, began to operate the
roadfi orn MiuueapoliH to White Bear. This was the Lake Sup. A Miss RR.,
opened Aug. 1, 1870, and leased to the No. Pac. Default made Jan. 1,’75.
and road sold in foreclosure May 1, 1877, and reorganized June 27tli.
The preferred stock is received in payment for lands at par. Three
shares of common stock have one vote, and' each share <rf preferred has
one vote.
Pref. stock has a prior right to 7 per cent from “ income from
all sources, including land salt's;” then common to receive 6 per cent;
then remainder of income to be applied to purchase of pref. stock. The
net
income from 1878 having been spent on
improvements, it
was determined to issue 10 per cent of new preferred stock to th« pre¬
ferred stockholders of record Nov. 1. 1881, payable Nov. 14, to repres¬
ent the cash so spent in improvements. The company has a land grant,
In 1881
of which about 1,256,716 acres remained unsold Jan. 1,, 1883.
gross earnings $732,630; net income, $117,671. In 1882 gross earnings,
$1,109,840; net, $311,246; net receipts from lands. $227,597; total
net income, $538,843.
(V. 34, p. 342, £7 7 ; V. 35, p. 162, 204, 658; V.
36. p. 254, 4&5 ; V. 37, p. 152.)
S^ Paul Minneapolis & Manitoba.—June 30, 1882. owned from St.
Pa ul to Barnesville, 218 miles; Sabin to Grafton, 127 miles; Glyndon
to Larimore, 116 miles; Junction to St. Vincent, 90 miles; St. Paul to
Morris, 159 miles; Morris to Brown’s Valley, 47 miles; Donnelly to
Portland, 150 miles; Brcekenridge to Barnesville, 30 miles; St. Paul to
Clearwater, 62 miles; Ripon to Hope, 30 miles; St Cloud branch, 28
miles; total, 1,057 miles.
In April, 1883, purchased several branch
roads of the Northern Pacific.
(See Chronicle, 'r. 36, p. 511.)
This company was organized May 23, 1879, under the charter of the
St. Paul & Pacific Railroad, and embraced the St. Paul A Pacific
Railroad, the First Division of the St. Paul & Pacific Railroad, the Red
River Valley Railroad, and the Red River & Manitoba Railroad. The
company took 2,000,000, acres of land as successor to the roads above
named, which were foreclosed. The proceeds of land sales are reserved
by the lirst mortgage trustees as a sinking fund for the redemption of
,
under 105 and interest, and in April, 1883, about
$750,000 of bonds were called in, the interest to cease July 1, 1883.
The second mortgage bonds do not lcover
l |
llll. land.
liUOI.
The
A
the
land sales lor
year ending June 30. 1882, were 203,343 acres, for $1. 108,312, and the
on land contracts
total cash receipts $860,677.' The net amount due o
was $1,049,423: lands unsold. 2,458,820 acres.
The DokoUi Extension
bonds are issued at $12,000 per mile. The consolidated mort. bonds of
1883 arc issued to stockholders of May 1, 1883, to the extent of one
half their holdings on the payment of 10 per cent of the bonds in cash.
The authorized amount of consol, mortgage is $50,000,000, of which
$19,426,000 is reserved to pay prior liens, and the balance may be issued
for now road at $15,000 per mile single track or $27,000 per mile double
track. The MinucapolisUnion RE. is a connecting road for other roads
from the stock yards at St. Paul to Minneapolis, and its stock is
$1,000,000. (V. 35, p. 374.)
Annual report for the year ending June 30, 1882, in V. 35, p.264.
the bonds at or
A
LlVv
CILLW11U
INCOME ACCOUNT.
1880.
Receipts—
Net earnings
Revenue from Land Departin’t
Other receipts
Total income
Disburse me ii ts—
Interest on debt
Miscellaneous
Dividends
8iuking tund
Total disbursements
Balance, surplus
$
1S81.
$
1882.
$
1,533,461
1,837,817
3,113,916
597,672
4,851
223,832
4.600
■860,677
2,135,984
2,066,249
4,008,852
947,227
1,109,951
1,188.001
34,259
157.812
975,000
35,288
597’, 67 2
223,832
702,S 64
1,580.194
555.790
1,333.783
3.023,767
985,085
732,466
N.Y., Union Trust Co.
April 1, 1902
6
6 g.
7
7
M.
J.
J.
M.
J.
A
&
&
&
&
&
A
A
&
A
&
A
&
A.
J.
N.
N.
N.
D.
A.
A.
S.
J.
J.
N.
J.
N.
Q.--F.
g.
SS’
6 g.
6 g2
7
*7
7
7
7
6
2*2
A
A
A. A
M. &
J. A
J. A
F. A
J.
J.
J.
A
J.
&
Aug. 1, 1883
July, 1888
Y., Company’s Office,
do
do
do
do
do
do
do
do
do
do
do
do
Nov. 1. 1906
Nov. 1,
Nov. 1.
June 1,
1906
1906
1895
Aug. 1. 1919
1920
1919
Y.,-U. S. Trust Co.
N.Y., Company’s Office.
N.
do
do
N. Y., Third Nat. Bank.
do
do
N. Y., Fourth Nat. Bk.
July 1.
1931
Jan. 1.
1897
May 1, 1898
July 1, 1883
Aug. 1, 1931
New fork.
F. & A.
1,7-0,500
464,000
200,000
500,000
500,000
576,050
1,000
1,000
1,000
A. A O.
F.
F.
S-
Stocks—Last
Dividend.
6og312
2,300.000
3,750,000
....
were
lened
603.000
g.
pal,When Due.
Payable, and by
Whom.
6 g5-6 g.
5- 6 g.
7 g.
6
Bonds—Princi¬
Payable
F.
J.
M.
M.
M.
J.
3^
500,000
2,766.500
2,400,000
1,000
1,000
1,000
1881
....
Cent.
10,500,000
10,000,000
4,500,000
7,144,500
AC.
the total income was
in the Chronicle, V. 30, p. 79.
of second mortgage bonds are
also by the Pitts. Cin. A St. Louis
The stock is $2,383,010 common
Outstanding
Ac.
Ac.
Where
When
$1,000,000
1808
1876
18 76
1876
1880
1879
1880
1879
1881
1867
1868
19
Schuylkill Valley—Stock
was
Amount
725
2d mortgage bonds, A
do
do
B, gold
do
Date
Size, or
Par
of
Bonds Value.
1872
St. Louis Salem <f: Little Roc A’—1st mortgage
St. liOuis di San Francisco.—Stock, common
Preferred, 7 per cent, not cumulative
1st preferred, 7 per cent, not cumulative
1st mortgage (South Pacific), gold, (land grant)...
•
discovered In tliese Tables.
by giving Immediate notice of any error
Miles
of
Road.
explanation of column headings, Ac., see notes
on first page of tables.
do
[Vol. XXXVIL
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
BONDS.
AND
STOCKS
.RAILROAD
lxii
N.Y., J.S.Keunedy&Co, Aug. 1, 1883
1892 '
1909
Oct, 1, 1909
Nov. 1, 1910
do
J.
do
J. New York and London.
O.
do
do
N.
N. Y„ 63 William St. i
do
J.
do
J.!
do
do
A. New York and London.
1st N. Bk.,Sandusky, O.
July 1, 1933
July 1, 1922
Feb. 1, 1923
(?)
J.jN. Y.. Union Trust Co.
July, 1902
J.
July. 1897
M. A
N.'New York, II. B Plant. May 1, 1899
M.
J.
M.
J.
N.i
do
do
J.'Savannah, Cent. RR.Bk
8. Del. & Hud. Canal Co.
&
A
&
A
J.l
Philadelphia, Office.
,
May 1. 1899
July 1, 1891
Sept. 1, 1924
| July 13, 1883
-(V. 35, p. 23, 79,237, 264, 374, 677, 706, 707, 737; V. 36, p. 427, 511
643, 675, 731 ; V. 37, p. 100, 152.)
St. Paul & Northern Pacific — This company was incorporated in 1874
as the Western Railroad Company of Minnesota, and has been in opera¬
tion since 1877 from Brainerd, 6082 miles, to .Sauk Rapids.
It is now
beiuir extended about 92 mi lea from Sauk Rapids to the city of Minne¬
apolis. The terminal property comprises twenty acres s.t Minneapolis
and 380 acres at St. Paul. The land grant of the company, amounting to
about 244,000 acres, is located along the line of road between Brainerd
and Sauk Rapids. The road, with its terminal property, is leased for
999 years to the Northern Pacific Railroad Company. The contract pro¬
vides that the Northern Pacific shall pay a net rental equal to 40 p. c. of
the gross receipts, which it guarantees shall never be less than the
interest upon the bonds. There is a prior issue of $673,000 bonds, pro¬
vision for which has been made by the reservation of au equal amount
of the above mortgage bonds by the trustee. The stock is all held in
by the Farmers’ Loan A Trust Co. (V. 37, p. 24.)
Sandusky Mansfield <£• Newark.—Dae. 31,1882, owned from Sandusky,
O., to Newark, O., 116 miles. A consolidation of several roads in 1856.
Leased Feb. 13,1869, to Central Ohio Railroad, guaranteed by Baltimore
A Ohio, and new lease made February 23, 1880, extending to December
1, 1926; with option to the Balt. A Ohio Company to renew for terms
of 20 years each.
Rental is $194,350 yearly till 1884; then $199,350
for 1884 and 1885; then $201,850 annually.
It is operated as Lake
Erie division of the Baltimore A Ohio system.
In 1879-80 gross earn¬
ings $847,221; net, $208,853; in 1880-81, gross, $899,751; net, $112,373; in 1881-82, gross, $940,769; net, $234,701.
San Francisco <€• North Pacific.—Dec. 31, 1882, owned from Donahue,
Cal., to Cloverdale, Cal., 56 miles; branches—from Fulton, Cal., to
Guemeville, Cal., 16 miles; and San Rafael to Petaluma, 21 miles;
t i>ku companies.
i>uiii|/aun;n«
uol unij^n
total, 93 miles. This is a Luiinimuauuu
consolidation m
of ni
several
Earnings
[n 1881, gross, $446,972; net, $206,220.
were: In
In 1882, gross, $505,771 : net,
et, $222,987.
Savannah Florida i£ Western—Dec. 31, 1882, owned from Sav., Ga., to
Rain bridge, Ga., 237 miles; branches—extension to Savannah wharves,
2 miles: Junction Branch, 4 miles; Dupont to Live Oak, Fla., 48
miles; Live Oak to Branford, 24 miles; Thomasvillo to Live Oak, 58
miles; total, 373 miles. Also from Way cross to Jacksonville, under
separate organizations., 75 miles. This was a consolidation in I860 of
the Savannah Albany A Gulf Railroad and the Atlantic A Gulf under
the latter name. The Atlantic A Gulf road was sold in foreclosure Of the
second mortgage on November 4, 1879, subject to the consolidated mort¬
gage and other prior lieus amounting to about $2,705,000. The old
sectional mortgages yet amount to about out $260,500. The present
company lias a capital stuck of $2,109,000, and dividend of 7 percent
was paid in 1882.
The report of earnings for 1881 gave $1,321,428
gross and $268,822 net.
In 1882 gross, $1,675,817; net, $358,762. (V.
33, p. 200; V. 34, p. 147, 407 ; V. 35, p. 431; V. 36, p 559.)
Savannah Griffin <£• North Alabama.—Oct., 1882, owned from Griffin,
Ga., to Carrollton, Ga., 63 miles. Operated in connection with Central
Railroad of Georgia. Capital stock, $1,010,900. In 1880-81 gross earn¬
ings $79,113; net, $14,985; in 1881-82 gross, $81,216; net, $8,130.
(V. 33, p. 559; V. 35, p. 5 74 )
Schenectady c£• Duanesburg.—From Quaker Street Junction, N. Y., to
Schenectady, N. Y., 14 miles. Formerly Schenectady A Susquehanna
Railroad, ami was foreclosed in 1873; reorganized and leased in per¬
Lease rental,
petuity to the Delaware A Hudson Canal Company.
$30,000 per year, paying 6 per cent on bonds. Stock, $100,500.
Schuylkill Valley.—Dee. 31,1882,owned from Palo Alto to Reevesdale,
Pa., 11 miles; branches, 8 ; total, 19 miles. It is an old road, and was
eased to the Pliila. A Read. 11R. from Sept. 1,1861, at an annual rental
of 5 per cent on the stock. 'Operations are included in the Philadelphia
A Reading reports. Has no bunded debt.
(V. 37, p. 152.)
A'tcioto Valley.—Dee. 31, 1882, owned from Columbus, O., to Ashland,
Ky., 132 miles. Enough of the consolidated mortgage is reserved to
take up the first and second mortgage bonds.
In July, 1882, it was
voted to increase the stock to $10,600,000, and issue a general consol,
mortg., and extend the road from Columbus to Fort Wayne, Ind. In
addition to above there, are $100,000 equipment bonds out.
In 1881
gross receipts, $450,235; net, $111,961.
In 1882 gross earning, $549;255; net. #137,517. (V. 33, p. 93, 102, 736; V. 31, p. 116; V. 35, p.
104 ; V. 36, p. 251.)
Seaboard <f: Roanoke.—March, 1883, owned from Portsmouth, Va., to
Weldon, N. C.. 80 miles.
Road opened 1851.
The company has paid
dividends for a number of years. Of the stock, $1,058,000 is common,
$200,000 is 1st 7 per cent guar., and $44,200 is 2d guar. -.'Owns a con¬
trolling interest. in the .Carolina- Central RR. Net earnings 1879-80,
$236,152; 1880-81, $232,495; 1881-82, $178,587. (V. 33, p. 559; V.
37, p. 128.)
Shainokin Sunbury if- Leirisburg.—Line from Shanmkin to West Milton,
Fa, with iron bridge over Susquehanna River at Sunbury. The road
was built by Philadelphia A -Reading for its coal
traffic northward,
—yV. 36. p. 561. 675, 69b.)
Shamokin Valin/ if- Poitsville.—Line of road. Suubqry, Pa., to Mount
Caime.l, Pa., 27 miles; branch to Lancaster Colliery, 2 miles ; total, 29
trust
o
—
uiiii
d,
a. lijo
in
cv
RAILKOAD
August, 1883.]
Subscribers will confer
a
STOCKS
AND
BONDS
great favor by giving immediate notice of
any error discovered in these Tables.
DESCRIPTION.
Miles
For explanation of column
of
headings, Ac., see notes
on tirst page of tables.
Road.
Scioto Valley—1st mort. (s. fund $13,000
per year)
2d mortgage (sinking fund,
$5,000 per year)
Consol, mortgage
General
con
Shenandoah Valley— 1st mort. ($15,000 per mile)..
General mort., gold ($25,000 per mile)
mortgage income bonds, registered
Shenango d Alleghany— 1st mortgage.
Shore Line (Conn.)—Stock
1st mortgage
Pacific— 1st mortgage
2d mortgage (Government subsidy)
Somerset— 1st mortgage, gold
;...
South Carolina—Stock
1st mortgage, sterling loan
1st mortgage, aollar bonds (L)
1st consol mortgage (for $5,000,000)
.
2d consol, mortgage
Income mortgage bonds (not cumulative)
So. d No. Alabama—1st M., endorsed by Alabama.
Sterling mort., s. fund, guar, by L. A N
South Pacific C'oasf-Stock
South Pennsylvania—1st
mortgage, gold
Southern Cent. (N. £.)—1st mort. interest bonds
New consol, mortgage (for $3,400,0i)0)
Southern Iowa d Cedar Rapids— 1st mort., gold
Southern Maryland—1st mortgage, gold
Southern Par.
of Arizona— 1st mort., gold.cp. or reg.
South. PacACal.)—1st mort.,gold.land gr., ep. or
reg.
Monterey, 1st mortgage
Southern Pacific of N. Mexico—Mort., coup, or reg..
Southwestern <da.)—Stork, gnaranl’d 7 nor annum
The road
was
leased
Railway Company, with
25
2 43
242
242
.
.
242
....
181
183
76
24
114
114
87
Outstanding
1876
1879
$500Ac.
$1/29 4,000
177,000
603,000
1,000
1,000
100
-
1871
1880
18M
1883
1869
....
1880
1868
....
1871
....
1868
1868
1881
1881
1881
1870
1873
50
i«77
1882
1870
•
Payable
7
7
7
J. A J.
A. A O.
J. A J.
N.Y., Adams A McHarg.
5
5
3
7 g.
7 g.
6 g.
6
7
4 =
M.
M.
F,
J.
J.
N.
N.
Balt.,Farm.A Piant.Bk.
Phila., Phil. A Read.RR.
A.
Philadelphia,Treasurer.
869,450
500 Ac,
2,000,000
1,0 JO
1,000
1,000
2,270,(100
3,930,000
500 Ac.
100
1000Ac,
500 Ac.
500 Ac.
100
100
Various
1,500 000
1,200.000
1,0(H),000
2(H),000
1,628.000
1,628,320
4Lj
6
6
7 g.
450,000
500
4/2 4.160
729,975
636,500
1,000
3,503.(100
4,000
8«7,000
1,000
2,538,000
1,000
£200
391,000
....
When
Cent.
200 Ac.
200 Ac.
625,000
100,0(H)
2,80°, 000
*79-’80
*75-’8i
1880
1881
1.000
500 Ac.
1,000
1,000
....
inn
February 27, 1803, to the Northern Central
a guarantee of interest on the bonds and 0 per
cent per annum on the stock. The yearly reports will be fourd in the
Chronicle with the reports of the Northern Central Railroad. Geo. B.
Roberts, President, Philadelphia.
Shenandoah Valley.—This road is completed from
Hagerstown, Md.,
southward to Waynesboro and thence to a connection with the Nor
folk A Western road at Roanoke. 2 *9 miles and branch 9 miles. A
close contract for working and an exchange of stock for N. A W. stoc'>
lias been made.
(See N. A W. report V. 3b*, p. 194.)
The general
mortgage of 1881 is at $25,000 per mile to retir*- the prior mortgages
and to construct new road. The stock is $5,69(5/-00., A 3d income
mortgage has been made in 1883 for $2,500,000 to bear 6 per . <ut '
earned.
One dollar paid on preferred stock
February, 1852. (V. 3b,
p. 511; V. 37, p. 49, 100.)
A O.
Feb.
A. A O.
J. A J.
M. A S.
J. A J.
J. A J.
J. A J.
do
do.
do
J. N.
A.
5 g.
6
6
6
6
8 g.
6 g.
J.
J.
7g.
M.
F.
F.
M.
7
5
7 g.
6 £•
500.000
384
815
15
1«7
321
J.
do
do
Dividend.
Y., Clark
do
Post A M.
A
A
A. A
J. A
J.
J.
0.
J.
Jan. 1, 1896
April 1, 1894
July 1. 1910
May 1, 1883
May 1, 1912
Feb., 1883
July, 1901
Jan.
1, 1909
Philadelphia* and N. Y Apiil 1, 1921
Jan. 1, 1923
Philadelphia, Office.
N. Y., N.Bk. of Com’rce.
N. H., Nat. N; H. Bank.
do
do
N. Y., Nat. Park Bank.
U.8. Treas., at maturity
1889 A 1907
July 5, 1883
March, 1910
Jan. 1, 1898
Jan. 1, 1898
July, 1891
Frt>.
London.
N. Y., Nat.
City Bank.
N. Y.. 76 Wall Street.
do
do
Yearlv. N.Y., H.TalmadgeA Co.
J. A J. N. Y., Drexel, M. A Co.
M. A N. London,
Bros.
Baring
1,
1883 to
1883 to
Oct. 1.
Jan. 1,
Jan. 1.
Jan. 1,
1883
1888
1888
1920
1931
1931
1890
May 1, 1903
'
1.5(H),000
....
A
Whom.
...
4.672,310
1,00=», 000
....
A
A
A
A
Bonds— Princi¬
pal, When Due.
Where Payable, and by Stocks—Last
Rate per
1,302,200
1,000,000
1,000
....
102
INTEREST OR DIVIDENDS.
Amount
Value.
1883
239
57
50
50
102
or
Par
Bonds
...
144
239
3d
Size,
1880
80
31
29
28
•Shainokin Sunbury d Lewisburg—1st mort.,
coupon
8971802.
of
sol."mortgage (for $7,500,000)
-Shamokin Valley d Pottsville—Stock
1st mortgage, gold, on road and lands
miles.
Date
98
98
130
.
Seaboard d Roanoke—Stock
Sioux City d
lxiii
9,604,000
32,483,000
250.000
4,180,000
5.031,700
6 g.
6 g<
5
6 g.
3
A
A
A
A
8.
A.
A.
N.
N Y., Vermilye A Co
New York Agency.
Mar. 1. 1900
Aug. 1, 1887
Feb. 1, 1922
May 1, 1900
J.
A J.
New York Citv.
Mar.,
A. A O. N. Y., Mills
1905
Building,
A. A O.
do
do
April
J. A J., N. Y., Company’s Office1 Jan.
J. A DJSavannah.Cent.RR. Bk.
June
1909-10
A 1912
1, 1900
1, 1911
26,1883
under the name of Southern
Pennsylvania Iron A Railroad
bet was sold
by foreclosure of second mortgage December,
reorganized under present name. Capital stock,
Company,
1872, and
$800,000. (V. 37, p.49.)
Southern Central ( V. F.)—Sept. 30,1882, owned from
Fairhaven, N. Y.,
to Pennsylvania State Line, 114 miles.
Road forms au extension into
New York Stato for Lehigh
Valley Railroad. Default was made Feb.
*» 1882, and the bonds and
coupons Twere exchanged for now consols at
par, the $4<K ,000 of guaranteed 2ds being paid
by the Lehigh Valley
>
'o., which received
new 5s for them.
The new 5s are convertible into
option of holders within ten years. Capital stock
$t,790/2 J *. In 1879-80, gross earnings were $455,467; net, paid inis
$149,237 ;
| in 1880 81 gross $526,429; net, $141,141. (V. 34, p. 178; V. 36,
p. 427.)
Sy..,h-.ru low.id Ced. Rapids.—In
progress. Ottumwa to Ced. R., Iowa.
Southern Maryland.—'The Southern
Mary land Railroad is designed to
extern- from Point Lookout, at the
mouth of the Potomac River, to
Shenango d Alleghany.—Jan. 1, 1883. owned from. Greenville to
Washington,
where
it
will
make
connection
with the Baltimore A Poto¬
Hilliard, Pa., 47 miles; branches, 10 miles; total operated, 57
mac
Branch of the Pennsylvania Road, and
miles. The company made default in 1879, but the October
with the Washington A
coupons
Metropolis
an
Branch
of
the
Baltimore. A Ohio Road. The length will he
were paid Feb. 2i, 1880.
Stock, $200,001). Gross earnings in 1880-8 l,
77 miles. John Van Riswiek,
President, Washington, D.C. (V. 36, p. 445.)
$140,693 ; net, $38,099. Gross 1881-87, $171,176; net, $73,855.
Soaihern Pacific of Arizona.—This is the
Shore Line (Conn.)—Line of road. New Ilaven, Conn., to New
connecting line of the South¬
bmdon, ern Pacific of
California, extending from Yuma to New Mexico
Conn., 50 miles. Leased to New York and New Haven Railroad Com¬
boundary,
38 4 miles.
'Flic stock is $19,995,000.
Operated under lease to Central
pany in perpetuity November 1, 1870, at $100,000 net per annum.
Pacific
till
Nov.
1,
1885, at $135 per mile per month. Rental for 1832.
Chartered as New ilaven A New London Railroad; sold in foreclosure
$6 ;4 3.)5.
1
and reorganized under present title June 29, 1864. Dividends 3*2 in
Jan. and 4 in July. Operations and earnings for two
Southern
Pacific
of
California.—Dec. 31 owned in Northern Division
years past were
as follows: 1879-80, gross, $3 19,111:
net, $154,486; 1880-81, gross, San Francisco, to Tree Pinos, 10043 miles; Canadero Junction to
$416,620; net, $212,981. (V. 32, p. 559.)
Soledad, 60miles; and leased line, Castroville Junction to
Monterey,
45 miles; total in Northern
Sioux City d Pacific.—Jan. 1,18-61, owned from Sioux City,
Division, 176 miles. Southern Division,
la., to
Fremont, Neb., 107 miles; leased— Fremont Elkhorn & Mo. Valley lilt., Huron via Goshen to Colorado River, 529 miles; Los Angeles via Wil¬
305 miles; total line operated, 412 miles.
For the year ending Dee. 31, mington to San Pedro, 25 miles; total Southern Division, 553 miles;
At Goshen the Southern
1882, the gross receipts were $873,562 and deficit after paving interest total Southern Pacific, in Cal., 730 miles.
Div. meets the San Joaquin Branch of the Cent.
and rentals, $192r473. The capital stock is
Pae., by which it reaches
$2,068,400, oi which San Francisco and the
main line of Central Pacific.
$169,000 is preferred, receiving a dividend of 7 per cent per annum.
The line Mohave
t. C l r.ido River, 278
Junction
(See balance sheet V. 36, p. 220.) A majority is owned by Cedar Rapids
miles, was finished in 1883.
(V. 34, p.
17“.i
The
Southern Pacific, at its terminus at
A Missouri Railroad Company. Oliver Ames, President. Norm Easton
Yuma, connects with
the Southern Pacific Railroad of
Mass. (V. 34, p. 679; V. 35, p. 71, 182, 291, 431; V. 3 i, p.220, 427.)
Arizona, an independent but closely
affiliated
Somerset.—West Watervillc, Me., to Anson, Me., 25 miles, Capital Division comnany some 385 miles, to a junction with the New Mexico
o<’471 miles more to El Pane. Thence the line
runs over the
Stock, $077,573. In July, 1883, the bondhol ers took pes.-esKi.in and Galveston
ILirriHbu.g a San Antonio Extension to San
prepared to reorganize tho company.
Gross earnings in 1881-82, <>n to New Orleans. In K.-ti,, 1883, a Southern Pacific Antonio, and so
■
$27,792; net, $5,070.
South Carolina.—Dec.
31, 1882, owned from Charleston
t-o
Augusta.
S. C., 137 miles; branches to Columbia, 68 m., and
to Camden, 38 m.;
total main line and branches, 243 m. A receiver took
possession in Sept.
1877, at the suit of 2d mortgage bondholders.
The Hale, was, made
July 28, 1881. and the road purchased by W. H. Brawley for the com¬
mittee, for $1,275,000 over the first mortgage debt, and the
company
was reorganized with stock and bonds as above.
The average, gross earnings per
year for twelve years past have been
$1,250,435. and the average net earnings $16 1,63 l, being 37*5 per cent.
The company had in its treasury Jan.
1, 1883, for improvements, new
tirst consol, mort. bonds, $ >0,000; new second, $183
000; new ♦bird
income, $162,ooo.
The trustees also hull to take up prior liens
$1,447,000 of tirst consol, mortgage and $170,000 of second consol.
Earnings for five years past were as follows:
Years.
Miles.
Gross Earnings.
Net Earn’gs.
2 43
$1,011,86 L
$371,631
243
l,0.»2,o23
337,745
’..
;
213
1,217,756
341,962
1881
243
1,233,90L
500,951
243
1,313,820
501,190
—(V. 34, p. 222. 345, 509; V. 35. p. 638; V. 36, p. 82, 220.) *
South d North Alabama.— June 30, 18^2 owned from
Decatur. Ala.,to
Montgomery, Ala., 182 miles, with a branch of 6 miles from Elmore to
Wetumpka. The road is controlled by the Ismisville A Nashville RR.
Go., which owns a majority of the stock and the whole of a 2d mort.
bond issue of $2,000,000, due 1910, which are pledged with the Union
Trust Co. as security for the, 1,. A N. bond's, d <ted June 1. 1880.
500,000
acres of land in Alabama, largely mineral, nave been transferred
to the
Louisville A Nashville Co. Common stock, $1,469,082;
preferred stock,
$2,000,000. In 1881-82 gross earnings were $1,314,115, and net,
8312,214. againrt $221/2 6 in ls8»»-8l.
Llshursemcnts included
$240,199 for construct ion and $186/2 >> for “Seligman judgment,”
leaving a deficit after ail p lyments of $ >97,120 for the year. Amount,
due Louisville A Nashville RR. Co., $1/276,043. (V.
35, p. 162.)
South Pacific Coast—December 31, ’88L, owned from
Newark to
Junction (Felton), Cal., 45 miles; leased-Alameda Point to
Newark,
25 miles; Felton to Santa Cruz, 6 miles; total, 76 miles. There tire
no
bonds but unfunded debt of $i ,9 43,930.
Gross earnings 1*80, $386.469; deficit, $91,023; gross in 1881, $569,963; net. $23,993. A. G.
Davis, President, San Francisco.
South Pennsylvania R ill way d Mining
Company.—South Pennsyl¬
vania Junction to Richmond, Pa., 21 miles, witu a branch from
Rich¬
mond to Ore Banks, 2 miles. Leased for 1 *9 years
from March 1, 1870.
to Cumberland Valley Railroad Company. Road
stock at
originally organic > V
chased the entire interest in Morgan’s La. A Tex. roads syndicate pur¬
and steamships,
i11(*• udiug a e rntrol of Hons. A Tex. Cm. stock.
The 1 Kinds above are in
series A, B, C. D and E. of which A includes
$15,000,000 and B, C, I) and
E each $5,000,000; there are also two other
series* F of $5,000,000 and
G of $6,000,000;
these latter are to be issued for new
(Sec V. 35, p. 706).
of sales go to pav
..
construction.
Land grant is 12,840 acres per mile, and proceeds
bonds, Die total grant is estimated to furnish
10,445,227 acres net.
Besides these sales
In 1881 the sales were 186,505 acres for
$924,101.
sinking fund of $100,000 per annum goes into
operation in 1882.
Stock paid in is $36,’763,900. The Central
Pacific
Railroad Company has taken a lease of the southern
division of this
road
for
a
period of five years from January, 1880.
By the
terms of the lease, the net rental is
$250 a month, or $3,000 a year,
per mile, and if it shall tie reduced by mutual consent, the rental shall
lie at least sufficient to pay interest on bonds.
(8ee article iu Chronicle,
V. 36, p. 353, as to the profits to the lessee
company.) In 1881 the net
income was $156,947 on North. Div. and $1,650,600 rental on
Soutn.
Division, and $234,000 from contract with Wells. Fargo A
Co., making
total income, $2,041,547, out of which was
paid $1,719,319 for interest,
leaving a surplus of $322/228. (V. 34. p. 178, 707; V. 35. p.
79,103,
291,339, 405,45 4,578,706; V. 36, p. 70, 170, 212, 352. 471, 591; V.
37, p. 68.)
Southern Pacific of New Mexico.—Road extends from
Arizona State
Line to the Rio Grande at El Paso,
Texas, 167 miles. Operated under
lease to Central Pacific till Nov. 1, 18*5, at $135
per mile per month.
Rental in 1882 was $285,638. Stock, $6,888,800.
a
SouthWcsternlGa.)—From Macon,Ga.,to Eufaula, 144 miles; has 177
miles of branches, the, main one being from Fort
Valley to Columbus, 71
miles.
A lease was made
Aug. 1, 1869, to the Central RR. of Georgia
which assumes the liabilities and
guarantees 7 per cent on the stock,
but 8 per cent is to be paid if 10 per cent
is'paid on Central stock.
In June, 1881, $32 per share in 6 per cent debt
ccrtilicates was declared
by Central Georgia Railroad.
Southwest Pennsylvania.—Greensburg, Pa., to
Fairchance, P., 44 miles’.
Opened April 1, 1873, and leased to Pennsylvania Railroad, which
oper¬
ates it at cost, paying net
earnings as rental. In 1881 gross earnings
were $710,595 and net
earnings, $409,038* Interest on bonds and 9
per cent on stock were paid out of net earnings of 1882.
5 per cent paid
on stork, March, 1883.
Spuyten I>uyvel d Port Morris.—Road is 6 miles in length and connects
the New York Central A Hudson with the New York A
Harlem.
Leased
to New York Central November 1, 1871.
Rental is 8 per cent on
capital
stock of $989,000. Operations are included in lessee’s
returns.
State Line d Sullivan —January, 1883, owned from
Berenice. Pa., 25 miles
Originally organized
as
Monroeton, Pa., to
Sullivan A Erie Coal A
KAILBOAD
Subscribers will confer a great favor
DESCRIPTION.
or
explanation of column Leadings; Ac., see notes
on ilrst page of tables.
Southwest
Pennsylvania—Stock
mortgage
Spuyten Duyvil d: Port Morris—Stock
Slate Line <£- Sullivan—1st M., conv. (red’ble aft.’SS)
Sterling Mountain (N.Y.)—1st mort., income, guar.
Stockton <£ Coppero))o(is—1st inort., (guar, by C. P.)
Summit Branch (Pa.)— Stock
1st
.
mortgage bonds
Sunbury <£ Letvisiown—1st mortgage
Suspension Bridge <£• Erie Junction—Stock
1st mortgage
Syracuse Chenango <£ New York—Funded debt
Syracuse Binghampton d-N. r.—Stock
2d mortgage (now first)
Consol, mortgage (guar. D. L. A \V.)
Syracuse Geneva & Corning—1st mortgage
2d
mortgage
Miles
Date
of
of
Road. Bonds
44
1877
6
24
13
1878
1873
1881
1875
7-U
45
20
20
43 Lj
23
23
43
81
81
SI
57
Terre Haute d Indianapolis—Stock.
ioi
Bonds ot1873
Terre Haute <& Logans port — Stock
1st mortgage, guar, by Terre Haute
lie
& Ind’napolis
1374
1876
1875
1367
1876
IS 75
1830
1873
Scrip forint.on inc.mort.(red’mable inut’kor land)
1st mort., gold, land grant, Rio Grande Division.
New Orleans Pacific, 1st mortgage
Texas <£ St. Louis in Mo.dc Ark.—1st mort., gold
2d mortgage, income
1st mortgage, gold, in Texas
1879
1 879
1881
1881
1875
500 Ac.
1.000
500
(?)
1,000
1,000
270,000
1.750,000
....
50
1,988,150
1,000
1,600,000
500,000
1,000
1,000
1,000
1,000
1,000
....
500
1.000
net, $80,000. $1 dividend paid August, 1883. (V. 34,
724.)
Sterling Mountain (N. F.)—Road runs from Sterlington on tlie Erie
By. to Lakeville, about 8 miles. Bonds guar, by Sterling Iron & Rail¬
way Co. Stock, $80,000. Earnings 1881-82, $45,505. (V. 33, p. 359.)
Stockton <£ Copperopolis.—Present company is a consolidation, made
November 17, 1877, of the,Stockton A Copperopolis and the Stockton A
gross, $304,000;
p. 107; V. 36, p.
Visalia. Line of road, Stockton to Milton and Peters to Oakdale,Cal., 49
miles. Leased to Central Pacific Railroad Company for thirty years
from December 30,1874. By the terms of the lease the lessee agrees to
Capital stock, $234,500. The
previously made default July, 1874, and. the $1,000,000 of
principal and interest of the bonds.
exchanged for the present issue guaranteed.
Summit Branch (Pa.)—This company operated the Lykcns Valley
RR. through the Northern Cent. RR. Co., and it has a small branch of its
Traffic is almost exclusively coal.
own to Summit Mines, % of a mile.
Grose receipts in 1882, including coal, $1,368,929 ; net, $193,293;
interest and advances, $186,188. (V. 33, p. 125.)
Sunbumj tfi Lcwistown.—Selinsgrove Junction to Lcwistown, Pa., 43
miles. Leased to Pennsylvania RR. for net earnings, which in 1839 were
$95,577; in 1881, $119,210; in 1882, $120,065. Stock, $600,000 and
dividends of 12 per cent were paid for two years and 7 in first hull' of
1883.
Suspension Bridge d Erie Junction.—East Buffalo Junction to Niagara
Falls and Suspension Bridge, 23!* miles. Road opened January, 1871.
It is leased to New York Lake Erie & Western Railroad Co. at 30 per
cent of gross receipts, which arc guaranteed to be not less than $105,000
er annum.
Loss to lessees in 1880-81, $17,901. In laSl-32, loss,
18,296. Lessees own all stock except 297 shares.
Syracuse Chenango d New York— Sept. 30, 1382, owned from SyraN. Y., to Earlville, N. Y., 43*n miles. The- Syracuse A Chenango
Valley Railroad was sold in foreclosure and a new company organized
Marcn 14, 1873, under the name of Syracuse & Chenango Railroad.
April 15, 1877, road was again sold in foreclosure, and present company
enso,
organized, which also became embarrassed and passed into tlie hands of
Mr. James J. Bolden. January, 1879, as Receiver. In January, 1880,
the road was sold to the Boston Hoosac Tunnel & West, syndicate, and
litigation ensued. Stock, $500,000 common and $301,400 pref. Earn¬
ings in 1880-81, $90,173; net, $3,915. In 1881-2, gross earnings,
(V.
Syracuse Binyhampton d New York.—Sept. 30, 1882, owned from
Geodes, N. Y., to Binghampton, N. Y., 81 miles. Chartered as Syracuse
ABingnampton and opened Oct. 23, 1854; foreclosed and reorganized
April 30, 1857, and leased to Delaware Lackawanna A Western. In
1880-81, gross earnings, $1,061,489; net, $597,915; interest on bonds,
'
$141,400; dividend, $440,280. In 18-1-82 gross earnings, $1.128,269.
net, $538,270; interest, $141,100; dividends. $250,000. (V. 36, p. 141.j
Syracuse Geneva d Corning.—Sept. 30, 1882, owned from Corning,
N. Y., to Geneva, N. Y.. 57 miles. This road was opened Dec. 10,1877,
and is leased to the Fall Brook Coal Co.
Stock is $1,200,000. In
1880-81 gross earnings were $513,591; operating expenses, $329,377;
net, $184,214. In 1881-82 gross earnings, $538,943 ; net, $ 12,954.
Terre Haute d Indianapolis— Oet. 31,1882, owned from Ind’napolis to
HI. State L.. 80 in., with coal branches, 34 m.; total, 114 m. The road was
opened in 1852 (as Terre Haute A Richmond). Tlie company leases
and operates the Terre Haute A Logansport RR., also the St. Louis
Vandalia A Terre Haute Road on joint account with the Pittsb. Cm. A St.
Louis RR., at 30 per cent of gross earnings, but guarantees the first and
second mort. bonds.
In 1881-82 gross earnings, $1,285,433; net earn¬
ings, $433,311; total net income, $483,842 ; iuterest and 8 per cent divi¬
dends, $271,052; surplus, $212,790; loss on T. A L. lease, $136,928;
lose on St. L. V. A T. H., $14,054; balance of income, $61,807.
Terre Haute d Logansp.— Oct. 31,1882, owned from Logansport, Tnd.,
to Rockville, Ind., 94 miles; leased, Rockville to Terre Haute, 22 miles.
Total operated, 116 miles.
Formerly Logansp. Crawfordsv. A Soutliw.,
•which was 6old in foreclosure Sept. 10, 1879, and reorganized under
present name. Leased by Terre Haute A Indianapolis Railroad for 25
cent of gross earnings, and first mortgage bonds guaranteed by
compand- Rental, 1880-81, $04,649 ; in 1881-82, $S0,9l3.
Texas Central.—Line of road from Ross, in McLennan Co., to Albany,
Texas, 177 miles; Gairett to Roberts, 52 miles; total, 229 miles. Gross
earnings on 143 miles in 18SO-81, $247,707; net, $128,670. In 188182 on 180 miles, gross, $269,542; net, $121,679. Stock, $1,500,000.
C. A. Whitney, Pres., N. O. (V. 35, p. 373; V. 36, p. 675.)
Tcxas-Mcrican.—Owns from Corpus Christi. Tex., to Laredo on the Rio
Qrande, 165 miles. Charter covers 1,400 miles in all. Under same conper
that
r-f
4
7
7
5
4
7
955.600
600.000
....
O.,
When
Payable
,
Whom.
Stocks—Last
Dividend.
M. A S.
March, 1883
F. A A. Phila. and Greensburg.
Feb., 1917
J. A J.
New York.
July, 1883
A J. N. Y., Union Trust Co. Jan. 1, 1899
A. A O. N.Y., Company’s Office. April 1. 1893
New York.
Feb.
July 7. 1895
J. A J. N Y., Central Pacific.
January. 1905
F. A A. Phila., 233 So. 4th St.
Feb. 16, 1S76
J. A J.
do
do
Jan. 1. 1904
J. A J. Phila., Guar. T. A D. Co July 1, 1896
Yearly.
July 1, 1900
Aug. 1, 1907
<■
.
A J. N; Y. Lake Erie A West.
F. A A. Syracuse Savings Bank.
]•’. A A. N.Y., D. L. A W. RR. Co.
J. A D.
do
do
A. A O.
do
do
M. A N N.Y.,Farmers’ L.A T.Co.
M. A S.
F. A A. N.Y.,Farmers L.A T.Co.
A. A O.
do
do
J.
*
Aug., 1883
June, 1887
Oet. 1, 1906
Nov. 15,1905
Mar. 1, 1909
Aug. 1, 1883
1S93
.
500.000
(5
2,145.000
1,25 4,' 00
2,500,000
1,(520,000
7 g.
7 g.
6 g.
7
J. A J. N.Y., Farmers’L. A T.Co.
M. A N. N. Y.t J. J. Cisco A Son.
M. A N.
do
J.
J.
F. A A.
A
N. Y., 54
32.191,500
Exchange PI.
1910
Nov. 1, 1909
May 1, 1911
July 1, 1921
Aug. 1. 1905
i
0 g-
3,969,000
9,131,000
8,6 >2,000
890,090
pal,^When Due.
Where Payable, and by
4
261.100
1,000
1,000
1,000
$94,111; deficiency after charging out iuterest account, $26,413.
33. p.178, 716, 736.)
r-
500,000
1,000.000
2,500,000
amings were $171,343, and net earnings, $36,428.
Staten Island.—Local road on Staten Island, Stapleton to Tottenville,
13 miles. Road was purchased by present owners in 1874, and is
operated in connection with Staten Island Ferry Company. Capital
Btock, $210,000. Earnings. 1879-80, $291,656; net, $71,388 Hi 1880-81
were
3
7
7
7
7
1880
266
D
3 .000
50 Ac.
100
1,000
1,000
1,000
1880
58^1
1881
1880
5
7
4
7
7
7
962,000
989,000
205,000
300,000
475,674
500,000
4,010,350
1.300,000
500,000
ioo
1875
1875
1875
1880-1
521
336
Rate per
Cent.
$546,150
1,009
1,000
(par $50). The mortgage covers 5,000 acres coal lauds. In 1881-82 gross
pay
Outstanding
$....
1,000
RR. Co., which was sold in foreclosure Oct. 14, 1874, and a new company
formed December 2, 1874, under the present name. Stock, $990,000.
company
old bonds
Amount
50
93
524
524
524
or
Par
Value.
....
1870
1877
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Size,
50
143
Texas Central—1st mortgage, gold
84
New mortgage, gold (2d on 143 miles)
Texas-Mexican—1st mortgage, gold ($15,000 p. in.).
Texas dt N. Orleans o f ’74—1st mortg. landgr., coup
Texas & Pacific—Stock
1,391
1st mortgage, gold, coup. (E. Div.)
2d mort., consol., gold, coup. (E. Div.)
Income and land mort., E. Div.. reg
[Vol. XXXVIL
by giving immediate notice of any error discovered in tliese Tables.
let
Staten Island—1st mortgage
STOQKS AND BONDS.
■
Ixiv
6 g.
7
M. A S. Phila., N. York A Loudon March 1, 1905
do
do
J. A D.
June 1, 1905
July. New YorkA Philad’pliia Jan. 1, 1915
-----
.13,023,000
(5 g.
o g.
6,720,(-00
4,740,000
4,740,009
2,128,000
6 g.
6
0 g.
F. A A. N.Y., Mercantile Tr. Co.
do
J. A J.
do
M. A S N.Y.,Nat.Bk.of Com’rce
March.
!
J, A D. N’Y ,Nat.Bk.of Com’rce:
Feb. 1, 1930
July 1, 1920
Oct. 1, 1911
Oct. 1, 1911
June 1. 1910
trol as the Mexican National. W. J. Palmer, President. Land grant, 16
sections per mile. Stock authorized $12,000,000.
( V. 33, p. 528.)
Texas d Aew Orleans (of 1874).—Houston, Tex., to Orange (Sabine
River), 106 miles. In August, 1881, this company acquired the La. A
from Vermillionville, - La., to Orange, Texas, li2 miles.
Tn Aug., 1882, it was voted to increase the stock to $5,000,000, for the
purpose of acquiring tlit- Sabine A East Texas road. This was a reorga¬
nization, 1874, of tlie old Texas A New Orleans RR. The stock is
$3,000,000, and a controlling interest was reported sold to C. P. Hunt¬
ington. of the Southern Pacific. Gross earnings, 1831, $763,361; net.
$399,593. 1882, gross, $816,510; net, $425,186. John T. Terry, Pres.,
N.Y.
(V. 33, p. 75, 218 ; V. 35, p. 237.)
Texas d Pacific—(See Map, Page xlv).—June 30,1882, operated
Western
from Texarkana to Fort Worth, 253 miles; Texarkana to Fort Worth
via Sherman, 244 miles; Marshall to Shreveport, 40 miles; total
eastern division 537 miles.
Fort Worth to Sierra Blanco, 524 miles;
Sierra Blanco to El Paso (joint track), 92 miles; total Rio Grande
division, 616 m.; total of both. 1,153 miles.
N. O. Pac., Shreveport to
N. O., 336 miles when all built.
Total of all, 1,489 miles. The eastern,
division ends at Fort Worth, and Rio Grande division begins there; the
N. O. Pac. terminates at Shreveport.
The Texas A Pacific was built under act ot Congress of March 3,1871,
and other acts in 1872 to ’74, and the laws of Texas. This company suc¬
ceeded to the right of the Memphis El Paso A Pacific Railroad and other
companies.
By
a
contract made in January, 1880, with the Pacifio
Railway Improvement Company, tlie road
Paso
was extended towards El
on the Rio Grande, to meet the Southern Pacific of California, with
$25,000 in bonds and $25,000 in stock per mile of road. The Fidelity
Insurance Trust A S. D. Co. of Philadelphia are Trustees of the Rio
Grande Div. mortgage. The stock authorized is $50,000,000.
A con¬
solidation with New Orleans Pacific, share for share, was voted in May,
1881.
From the State of Texas the company received 10,240 acres
of land per mile, and by building east of Fort Worth earned 4,666,845
acres (yet unsold), on which the income bonds are a lien, as also a 3d
mortgage on the road east of Fort Worth. The railroad lands in Texas,
however, do not lie adjacent to the line of the roads owning them, and
these are located in part in counties along the Rio Gramle division.
The R. G. Div. bonds were a mortgage on the lands earned by building
that division, which would have amounted to about 5,375,000 acres if
located.
Tlie interest scrip is payable only
in stock or in land and interest at 7
per cent is allowed on it only when turned in in payment' for land.
The report lor 13 months ending June 30,1882, was in the Chronicle,
V. 35. p. 319, which should be referred to; the earnings were only made
on tlie eastern division, and amounted to $3,438,978
gross and $809,125 net.
For the year 1882, see balance sheet, V. 36, p. 423. Gross
earnings in 1882, $5,919,732 ; net, $1,343,291, (V. 33, p. 48, 102, 117,
155,178, 256, 386. 404, 461, 470. 561, 623, 687, 716; V. 34, p. 205.
292; V. 35, p. 52, 162,313,319, 517; V. 37, p. 49, 68.)
Texas d: St. Louis in Missouri and
Arkansas.—Narrow-gaugo road
from Birds Point, Mo., opposite Cairo, III., to Texarkana. Tex., 419
miles, and thence by the “Texas A St Louis RR. in* Texas” to Gatesville, 30 4 miles; total, main line, 723 miles; branches. Paw Paw to
New Madrid, 6 miles; McNeil to Magnolia, 6 miles; total, 735 miles.
Capital stock is $9,582,500 (par $100), which amount includes $3,945,
000 deposited in trust to take up a like amount ot the old stock of the
Texas A St. Louis in Texas. Also enough of the general first mortgage
and general income bonds are reserved to retire the old first mortgage
and incomes. Tlie company issues $12,500 per mile in 1st
mortgage
bonds, $12,500 incomes and $12,500 stock, and the incomes are a 1st
mortgage on tlie land grant and a 2d mortgage on the road. Land grant
was 10,240 acres for each mile of finished road in Texas, but
only about
1.000,000 acres are assured. See full statement in Chronicle, V. 37, p.
24. J. W. Paramore. President, St. Louis.
(V. 35, p. 23, 103, 162, 182,
229, 313, 431, 457, 487,603; V. 36, p. 13, 454, 561, 675,676,731; V.
o7. p, 24, 49, 152.)
Texas Western.^— Projected from Houston, Tex., to Presidio Del Norte,
Tex., 900 miles, and under construction. In operation Dec. 31, 1882,
Houston to Senley, 52 miles, connecting with Gulf Col. A 8. Fe RR.
Stock authorized, $3,000,000.
Land grant 10,240 acres per mile. Fred,
D. Grant, President, X. Y. City.
Tioga—September 30, 1882, owned from Arnot, Pa., to State line New
York, 44 miles; branch, Blossburg, Pa., to Morris’Run, Pa., 4 miles;
teased. Elmira State Line Railroad, State line New York to N. C. Rail¬
way Junction. 7 miles; and Arnot A Pine Creek RR., Arnot to Hoytville, Pa., 12 miles; total, 67 miles. Controlled by N.Y. L. E. A W.
The stock is $391,200 common and $189,700 preferred. In 1880-81,
gross earnings, $493,365; net, $187,900; in 1881-32 gross, $562,335;
net, $197,913.
(V. 35, p. 313.)
Toledo Ann Arbor d Grand Trunk.—Dec. 31,1SS2, owned from Toledo,
to So. Lyons, Mich.. 61 miles. A consolidation, Oct., 188o, or Toledo
A Ann Arbor and Toledo Ann A. A Northeastern railroads,
connecting
with Grand Trunk of Canada. Annual report in V. 37, p. 98. Stock,
$1,900,000. In 1882 gross receipts, $L78,232; surplus over interest,
$175. (V. 37, p. 98, 152.)
Toledo Canada, Southern d Detroit—Toledo. Ohio, to Detroit (G.
i T. J unction), Mich., 55 miles. Road opened September 1,1873. Oper,
RAILROAD
August, 1888.]
Subscribers will confer
a
headings, &c.,
of tables.
Miles
Date
Size, or
of
of
Par
see notes
Road. Bonds
Texas dk St. Louis in Mo. & Ark.—(Continued) —
2d mort., income bonds. 1st mort. on land
General 1st mort., gold, in Tex
General 1st mort. land grant and income bonds
Texas Western (N. G.)— 1st mortgage
Tioga RR.—1st mortgage, due 1882 and extended
190
.
i
.
-
54
54
.
Consolidated 'mortgage
Extension bonds
1879-02.
Toledo Ann Arbor dk Grand Trunk— 1st
mort., gold.
Toledo Canada Southern dk Detroit—Stock
Toledo Cincinnati dk St. Louis—Stock
61
55
465
270
270
181
181
102
102
1st mortgage, gold
2d mortgage, income, not cumulative
Tol. Del. A B., Istmort., Tol. to^Kok
do
2d M., inc., non-cum., Tol. to Kok
do
1st mort., Dayton Division
do
2d M., Dayton Div., inc., non-cum
do
1st mort., Tol. terminal trust “ A”
do
1st mort., gold, Southeastern Div
do
Income bds, Southeast. Div., non-cum.
do
Cincinnati Div., 1st mort., gold
do
do
income, non-cum
do
Equipment bonds
do
Iron RR., 1st mortgage
do
do
incomes
—
*
Troy dk Boston—1st mortgage, consolidated
New mortgage bonds (for $1,000,000)
Tyrone & Clearfield—Stock
Ulster dk Delaware—1st mortgage
2d
mortgage income bonds
'Union Pacific—Stock.
1st mortgage, gold, on road and equipment
2a mortgage currency (Government
subsidy)....
3d
do
on road (2d on land),
sinking fund..
on
10,514,789
acres
m
m
m
180
22
'
m
Tonawanda Valley dk Cuba—1st mort
Band grant bonds
AND
BONDS.
1x7
great favor by giving Immediate notice of any error discovered in tbese Tables.
DESCRIPTION.
For explanation of column
on first
page
STOCKS
-
-
m
m
60
35
53
63
74
1,820
1,038
1,038
1,038
....
Value.
Outstanding
$500
$2,128,000
1,000
1,817,000
1880
1881
1881
1882
1852
1876
500
•
1881
•
•
•
•
•
•
•
•
•
•
•
1,000
50
1881
1881
1880
1880
1880
1880
1880
1881
1881
1881
1881
1881
1881
1881
1881
1874
1878
•
•
1,000
1,000
1,000
1,000
1,000
1,000
1,250,000
1,250,000
1,000,000
1,000,000
250,000
2,250,000
2,250,000
250,000
250,000
2,052,000
•
....
1866-9
1866-9
1874
1867-9
•
•
'500.000
•
1,000
500,000
500,000
1,000
1,380,000
1,000
865,000
1,000,000
159,000
1,342,600
60,854,105
27,229,000
27,236,512
13,861,000
....
•
1876
1875
125,000
265,000
1,260JX)0
1,547,662
15,000,000
3,000,000
3,000,000
1,000
1,000
....
1,000
100 Ac.
100
1,000
1,000
....
1,000
•ted by Canada Southern.
The bonds were exchanged into Canada
Southern first mortgage bonds at 70 per cent of face value.
(V. 32, p
336.)
Toledo Cincinnati dk St. Louis.—This is the consolidated line
(narrow
gauge) of the Toledo Delphos A Burlington and Toledo Cincinnati A St.
Louis. Owns from Toledo to St. Louis, Mo., 451
miles; branch, Delphos
to Dayton and Shanesville hr., 102 miles; Southeastern
Division, 185
miles; Cincinnati Division, 17 miles; Iron RR., 24 miles; total, 757 miles
June, 1883. In November, 1882, tbe company needed funds, and a plan
was made in Boston to raise
$800,000 by subscription of parties inter
ested, they taking 8 per cent debenture bonds as security. The interest
coupons due in 1883 and 1884 on the first
mortgage bonds, in April,
1883, were being funded into 6 per cent scrip due Oct., 1891. It was
proposed to exchange all income bonds for preferred stock, in shares
of $50 each, and a considerable amount was so
exchanged. In July,
1883, Mr. E. E. Dwight was appointed receiver, the company being
embarrassed. (V. 35, p. 162, 267. 313. 339,
374, 431. 538, 577,658,
763; V. 36, p. 18, 310, 399, 480, 561, 591,652, 699; V. 37,p. 49, 100,
128,152,176.)
4,670,000
Tonawanda Valley dk Cuba—Sept. 30,1882, owned from
Attica, N. Y.
6
6 g.
6
6
7
7
7
6 g.
When
Where
Payable, and by
Payable
J.
M.
F.
M.
A
A
A
A
D.
S.
A.
N.
3^
7
7
1%
^
Aug. 1, 1921
Aug. 1, 1931
Feb.
N.Y., Bk.
1, 1922
of N. America.
Nov. 1, 1896
Oct. L, 1905
Jan. 1, 1921
.
A. A O.
J. A J. N.Y. .Farmers’ L.ATr.Co
J. A
J.
J.
A J.
*
New York
or
Z
London.
1021
N.Y., G. W. Ballou A Co. July 1, 1921
do
do
A. A O.
do
do
J. A J.
do
A. A O. New York and
....
....
....
A. A O.
....
J. A
Jan.
M. A
J. A
A. A
F. A
J. A
F. A
J.
1.
S.
J.
O.
A.
J.
A.
Q.-J.
6 g.
6
8
7
June 1, 1920
New York.
'
....
6
6
6
6
6
6 g.
6
6 g.
6
7
6
6
6
7
7
Stocks—Last
Dividend.
Whom.
,
6 g.
pal,When Due,
J. A J.
J. A J.
M. A S.
A. A O.
do
Jan. 1, 1910
do
Jau. 1, 1910
do
April 1, 1910
do
April 1, 1910
do
July 1, 1910
London. April 1, 1921
N.Y., G. W. Ballou A Co. April 1, 1921
do
do
April 1, 1921
do
do
April 1, 1925
do
do
do
do
1901
do
do
19L1
New York Office.
Sept. 1, 1931
N. Y., Nat. B’k of Com.
1924
do
ao
1903
Phila., 233 South 4th. Aug. 15, 1883
Rondout, Co.’s Office.
1906
do
do
July 1, 1905
New York and Boston. July
2, 1883
do
do
1896 to 1899
U.S. Treas., at maturity. 1896 to 1899
New York and Boston. Sept. 1, 1893
do
do *
1887
earnings are not included are the Central Branch. 383 miles; Man¬
hattan Alma A Burlingame, 28 miles; Manhattan N.
W., 4 miles; and
Nevada Cent., 93 miles. Of the 2.359 miles of
branch roads on which the
gross earnings were, as above,
$7,540,043^there
is no detailed informa¬
tion in thei report except that the President
says : “The earnings of
these lines, after the expenses of maintenance
and operation were
deducted, amounted to $2,211,099,” and this is
credited iu the U. P.
income account as the amount received from
stocks and bonds of the
auxiliary companies.
The annual report for 1882
was
published in V. 36,
p.
282
The
earnings, expenses, income account and balance sheet were as
follows,
but the earniugs oover only tbe 1,820 miles of main road
in the three years
EARNINGS AND EXPENSES.
Earnings—
-
Passenger—Cash
Government
1880.
$
Government
Company
Mail, express, Ac
1881.
$
5,171,115
234,010
13,406,910
15,075.515
469,025
1,3 42,572
1,831,502
1,503,599
2,064, L19
•
Freight—Cash
•
to Cuba, N. Y., 60 miles. Stock $598,200.
(Securities listed at N. Y.
Stock Exchange December, 1882. Of the above bonds
$130,000 are
.reserved to redeem a prior issue. R. G.
Rate per
Cent.
1,817,000
12,000 p. m.
239,500
500 Ac.
1.000
500 Ac.
Bonds—Princi*
INTEREST OR DIVIDENDS.
Amount
1882.
$
4,922,711
5,054,344
143,386
13,543,841
361,648
1,496,678
208.860
484,013
2,223.987
Total gross earnings
Taylor, Buffalo, N. Y., Presi¬
22,455,134
J4,258,817
22,823.884
(V. 35, p. 706.)
Operating Expenses—
$
$
$
Troy <t Boston.—September 30, 1882, owned from Troy, N. Y., to Ver¬ Maintenance of way....
1,964,773
2,179,071
2,082,492
mont State line, 35 miles; leased.‘ Southern Vermont 6
Renewal
of rails
1,109,676
miles; Troy A
1,700,426
556,143
Bennington, 5 miles; Vermont State line to North Adams, 7 miles; total Equipment and motive power
4,424,871
5,185,906
4,733,832
operated, 53 miles. The 1st consol, bonds are used to redeem 1st and Trai sportation expenses
2,132,692
2,482,588
2,392,499
2d mortgages, and 2d consol, to redeem
floating debt. Stock, $1,623,110. Tax68
439,908
394,011
487,786
In 1881-2 surplus was $31,144.
General
Operations and earnings for three years
473,199
538,341
474,297
hllows
past were as fo"
Total (including taxes)
Passenger
Net
Div’d
Freight (ton) Gross
10,545,119
12,480,343
10,727,049
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings, p. ct. Net earnings
11,910,015
11,778,474
53
12,096,835
6,191,024
$28,252,911 $570,161 $27 h423
Per ct. of op. exp. to earnings
46-96
51*45
47*00
53
6,246,817
24,778,236
498,719
182,206
INCOME ACCOUNT.
53
7,315,713
24,979,268
523,547
213,766
Receipts $
—(V. 36, p. 170.)
Netearn.ngs
11,910,015
11,778,474
12,096,835
Tyrone dk Clearfield.—East Tyrone Pa., to Curwensville, Pa., 44 miles; Interest and dividends
1,010,153
1,332,678
2,211,099
branches, 20 miles; total, 64 miles.
This company was organized Other receipts
; £84,249
April 1,1867, after sale in foreclosure.
Road oompleted in 1872. It
was leased to the
Pennsylvania Railroad in 1878; rental was $73,500.
Total income
13,204,417
13,111,152
J. N. Du Barry, President, Philadelphia, Pa.
14,307,934
Disbursements—
$
$
$
Ulster dk Delaware.—Sept. 30, 1882, owned from Rondout
5,174.473
(Hudson Interest on debt
4,819,128
4,976,204
River), N. Y., to Stamford, N. Y., 74 miles. This was the Rondout A Discount, mt’st, premiums,Ac. J
114,315
117,196
191,645
Oswego in 1876; reorganized May 28, 1872, as New York Kingston A Dividends
3,045,738
4,076,134
4,260.788
Do per eent
Syracuse, and again, after foreclosure, May 1,1875, as Ulster A Delaware.
6
7
7
The stock is $1,152,100. In 1880-81 the gross
434,000
eumings were $237,166 ; Sinking funds
307,000
442,000
net earnings $25,619
In 1881-82, gross, $269,751; net.
Due U. 8. on year’s business..
1,779,811
1,653,359
$$36,346,
2,097,190
Thos. Cornell is President, P.ondout, N. Y.
Total
disbursements
Union Pacific Railway (See Map
10,543,337
10,972,817
11,967^827
Page lxvl.)—December 31,1882,
main line—Council Bluffs to Ogden, 1,037
miles: branches—Ogden to Balance, surplus
2,656,080
2,138,335
2,340,107
Junction Central Pacific, 5 miles; Kansas City to
Denver, 638 ; Denver
GENERAL BALANCE AT CLOSE OP EACH FISCAL
YEAR.
to Cheyenne, 106; Leavenworth to Lawrence,
34; total owned, 1,820
1880.
1881.
1882.
miles; controlled—Omaha A Repub. Valley RR., 160 miles; Omaha N. &
Assets—
$
$
Black Hills RR.,- 84; Colorado Central
<£
RR.,327; Echo & Park City RR., Road, equip’t. Ac
154,743,629 156.878,669 156,949,005
32; Utah & Northern RR., 462; Marysville A Blue Val. RR., 38 ; Car- Stocks
owned,
cost
?1Q
ri c
( 12,755.754 ■‘13.582,700
bondale Branch, 31; Junction City & Fort
Kearney, 70; Solomon RR., Bonds owued, cost
$10,375,055 *13,537,978
57; Salina & Southwestern, 35; St. Joseph A Western, 251; Central Advances
Branch Union Pacific and leased roads,
2,563,360
2,552,21.3
388; Kansas Central, 165; Excess of int. on U. 8. bonds.
117,305
Denver & Boulder Valley., 27; Golden Boulder A
Car,
6; Oregon Materials, fuel, Ao
1,877,300
3,164,477
Short Line, 255 ; Greeley Salt Lake & Pacific, 41 ; Denver SoHth
Park & U. P. bonds and stock
349,562
164,046
Pacific. 264; Man. Alma & Bur., 28; Nevada Central, 93; Manhattan
A Denver Extension sink’g fund
199,545
N. W., 4; Salt Lake A Western, 54; total
18o,573
controlled, 2,872 miles; total Coal lands and min^s
106,178
231,122
operated and controlled Dec. 31, 1882, 4,692 miles/ The Central Branoh Bonds and stocks
held in trust
2,185,950
2,195.950
Union Pacific and leased lines is operated
t3,208,950
by the Missouri Pacific under Land department assets
6,384,180
6,074,212
an agreement with Union Pacific.
6,306,759
This was a consolidation,
January 24, 1880, of the Union Pacific
Total
185,165,541
200,477,246 201,554,297
Railroad, the Kansas I acific and Denver Pacific, made under
Liabilities—
authority
$
of the acts of Congress of July 1, 1862 and
July 2, 1864. New stock Stock
50,762,300
60,868,500
was issued for the old stock of the three
60,868,500
companies, but their bonds Funded debt (see Supplem’nt)
82,623,114
82.118,133
remained uneha aged. (See Chronicle, V. 30,
81,845,507
p. 118.)
The comoany, United States subsidy bonds..
33,539,512
33,539,512
under acts of Congress above-named, took a land
83,539,512
grant of 12,800 aeios Accrued int. on subsidy bonds
12,133,976
12,590,388
13,136,489
Bills payable, and all other
dues an l accounts
1,519,835
4,035,078
J842.743
Interest accrued not due
732,721
of the net earnings, after
780,766
7^9,636
deducting interest on the first mortgage Balance of income account...
3,804.083
6,544,868
bonds, to be paid annually to the Government as follows: First10,531,911
Applied directly to interest account, one-half of Government
Total liabilities
earnings,
185,165.541 200,477,246 201,554,297
ana 5 per oent of net
earnings, after deducting interest on first mortgage
J The balance sheet for 1882 is changed in form as to the items of
bonds. Second—To be placed in the sinking
fund—the other half of the “unfunded debt.” I’he total of bills payable, Ac., amounts to
Government earnings and so much of $850,000 as
$9,352.may be necessary to 325; and is offset by cash on hand,
$1,609,630, company’s own stook
make 25 per cent of net earnings.
and bonds owned, $2,011,319, fuel and materials on
hand, $2,768,437,
The report for 1882 gave the gross
earnings as follows:
balances due from agents and from other
roads, $2,620,165; total,
1,820 miles, main lines
$22,823,884 $9,009,582.
2,359
“
auxiliaries
*
7,540.043
The items include stocks and bonds of other
613
“
companies owned by the
auxiliaries
not reported
Union Pacific. Of these the stocks and bonds of railroad
The roads making up the 513 miles of
companion
auxiliary lines of which the amount at their par value to $53,211,271.
dent.
...
..
..
..
..
..
1
.
$£5
RAILOD
STOCKS
AND
BONDS.
*
[Vol.
xpi.
!£££££ *5
g SSSW32 S'**
towwc? p,*^
RAILROAD
Auoobt, 1883.]
Subscribers will confer
a
DESCRIPTION.
first page
lxvii
great favor by giving Immediate notice of any error discovered In these
Tables.
Miles
For explanation of column headings, Ac., see notes
on
STOCKS AND BONDS.
Date
of
of
Road. Bonds
of tables.
INTEREST OR DIVIDENDS.
8ize,
or
Par
Amount
.
Value.
Outstanding
£200
$1,888,000
Rate per
Cent.
When
Payable
Where Payable, and by
Whom.
Bonds—Prinolpal, When Duo,
Stocks—Last
Dividend.
Union
Pacific—(Continued)—
Omaha bridge bds, st’g, (s.f. about $65,000 yrly).
Collateral Trust bonds
Collateral trust oonds of 1882, gold
Rons. Pac.,cons. M..,g.(for $30,000,000),cp.orrg.
do
1st M.. g, cp., on 140m. west 3k p. Riv.
do
1st mort., gold, 140th to 393d mile...
do
2d M.lto U.S.Gov.) on 394m. W. Mo.R.
do 1st,394th to 639th in., l.g., 3,000,000 acs
do
1st mort., coup., (Leavenworth Br.)..
do.
Income bds, coup., 3d M.on427 miles
United N. J. UR. <t Canal Companies—Stock
Gold bonds
....
1883
1871
....
....
....
....
....
280
3<Pa
75
105
138
1879-20.
1,824,000
5,669,000
2,000,000
1,846,000.
1,800,000
154,000
....
....
....
.
.
..
....
841,000
....
866,000
....
5,000,000
.
.
.
100,000
.
100
4,225,000
1,000
1,000,000
1.000,000
1,456,000
1,950,000
555,860
1870
1871
1879
1879
1,000
1,000
1,000
1878
1879
1,000
1,000
5,543,000
100
1,772,000
1871
1874
900,000
1,112.000
....
500 Ac.
....
....
....
’66-’72
100
500 Ac.
$910,683
321,890
114,195
$1,346,770
258,275
f
67,000
1,000
$1,088,495
hand Jan. 1, 1883, were 9,129,000 acres U. P. lands and
5,336,000 acres K. P. lands. U. P. land contracts and cash, $4,617,401.
Of the Union Pacific collateral trust bonds, the first issue wns limited
to
80 per cent of the following bonds: Omaha & Republican
Valley RR.,
$850,000; Colorado Central Railroad bonds, $2,526,000; Utah Northern
Railroad, about $3,480,000; total, $6,856,000.
The collateral trust
bonds are a d’rect obligation of the Union Pacific
Company, and have as
on
500,000
200,000
4,000.000
790,000
A.
J.
J.
g. M.
F.
g.
g. 'J.
A 0. London, L. A 8. Fr. Bk.
J. N. Y., Union Trust Co.
D. Boston, N. Engl’dTr.Co.
N. N. Y., 195 Broadway,
A
A
A
A
A
A.
D.
Payable
do
do
83
do
do
by transportation.
M. A N. N. Y., Lond. A Frankf t.
M. A N. New York, 195 B’way.
M. A S. N. Y., Bk. of Commerce
2h
Q.-J. Phila. and N. Y. Offices.
4
F. A A.
Philadelphia Office.
6 g- M. A 8.
do
do
6
A. A O. Phila., Pennsylv’a RR.
6 g. M. A S.
London.
6 g. M. A 8.
do
F. A A.
6
Philadelphia.
6 g. M. A S.
do
J. A D.
6
Princeton, N. J.
6
M. A N.
Philadelphia Office.
6
A. A O. N. Y'.. B’k of Commerce.
1^
N. Y., 195 Broadway.
Q.-J.
6 g- J. A J.
do
do
J. A J.
7
do
do
7
do
J, A J.
do
7
J. A J.
do
do
882,400
21,090,400
1,000.
....
Leaves net proceeds
The lands
100
....
The land department reports the
following for 1882 :
Net proceeds, Union Pacific land grant 1882
Net proceeds Kansas Pacific land grant 1882
Net proceeds of other lands, lots and income, 1882
Total net proceeds for the year
Deduct interest paid on consol, bonds
1,000
50 Ac.
1871
1871
1871
1871
1878
1854
1862
1868
....
Utica Clinton <t Binghamton—1st mortgage
....
1,000
....
6
6
6
6
6
6
6
7
7
15,640,005
2,240,000
4,063,000
6,303,000
6,323,000
1,000
1866
....
Mortgage bonds
Blaok River & Morristown, 1st'mortgage
Clayton A Theresa, 1st mortgage, guaranteed
Utica Chenango <C Susquehanna Valley— Stock
1,000
1.000
1869
1866
8 g.
4,918,000
5,000,000
1.000
1865-7
....
37
415
62
180
87
36
16
98
31
$1,000
1882
1879
1865
1866
140
253
394
245
34
427
430
General mortg.,gold and currency, coup
Unitea Co.’s mortgage,
sinking fund, registered.,
do
*■ sterling loan
mortgage, sinking fund
do
do
do
do
do
do
dollar loan, mortgage
do
gold loan, reg
Joint Co.’s plain bonds
do •
consol, mort. (sink’g fund after 1880)
N. J. RR. A T. Co., 3d loan due State of N. J
Utah Central—Stock
1st mortgage, gold
Utah Southern, 1st mortgage, coupon
do
general mortgage (fir $1,950,000)
Utah South. Extern, 1st M., Juab to Frisco
Utah <& Nevada—Stock
Utah t£ Northern.—1st mortgage
Utah <t Pleasant Valley—1st
mortgage, gold
Utica dt Black River—-Stock
10 8729.
1871
1879
....
'
g.
7
7
2
7
7
7
3
6 A 7
J.
M.
M.
J.
J.
J.
M.
I.
A
A
A
A
A
J. New York,195 Br’dway.
N.
New York Office.
8.
Utica.
J. N.Y., Nat.Bk.of Com’ce.
J.
do
do ^
A J.
do
do
A N. N. Y., D. L. A W. RR.
A J. N. Y., Cont. Nat. Bank.
April, 1896
July 1, 1908
Dec.
1, 1907
May 1, 1919
Aug. 1. 1895
Juno 1, 1896
1895 to ’97
May 1, 1899
Jari
1, 1896
July 1. 1916
July 10, 1883
Feb. 1.
Moh. 1,
Oct.
1,
Mch. 1,
Mch. 1,
Feb. 1,
Sept. 1,
1,
Jan.
1923
1901
1894
1894
1894
1888
1908
1889
Nov. 1, 1889
Overdue.
(?) 1882
1, 1890
July 1. 1891
July 1, 1909
July 1, 1909
Jau.
July 1, 1908
1904
Sept. 30,1882
July, 1891
Jan. 1, 1894
July 1, 1898
May 1. 1883
1886 A 1890
Utah ct Nevada—Dec. 31, 1882, owned from Salt Lake
City, U. T., to
Terminus U. T., 37 miles. The Utah Western made default
January 1;
1878, and the road was held by trustees for the bondholders, and was
foreclosed Nov. 3, 1880, and this company organized. (V.
32, p. 356.)
Utah <t Northern.—Completed from Ogden. Utah, north into
Montana
Territory to Deer Lodge, near the line of Northern Paciflo near Helena,
Stock $5,543,000.
Mon., 462 miles.
The road is built and mainly
owned
Union
as
by the
Pacific
a feeder to that lino.
For the year 1881,
earnings, $1,359,583; net, $602,619; in 1882, gross, $2,210,688:
net, $905,308. (V. 35, p. 431.)
gross
Utah ft Pleasant
ley. Utah, 60 miles.
Valley.—Line of road Provo. Utah, to Pleasant Val¬
Road opened in 1879. Bonds sold in New York in.
1880. Road sold in foreclosure June 12, 1882, to Denver A Rio
Grande
West. RR.. which extended it to Salt Lake City, 50 miles.
(V. 34, p. 688.)
Utica ft Black River.—Sept. 30, 1882. owned from Utica, N.
their security the first
Y., to
mortgage bonds of the roadflfciained pledged with Philadelphia, N. Y.,
87 miles; leased lines to Morristown^N. Y., to
the trustees. The excess of interest collected on
hypothecated bondsOgdensburg,
to
Harbor
Sackott’s
and
to
93
miles
Clayton,
in all; total
say $22,000 per year—forms a sinking fund to reduce the principal.
operated, 180 miles. The
The $5,000,000 collateral trust bonds of 1882 arc secured
has paid its rentals and moderate
by the follow¬ dividends for a number company
of
ing bonds: Colorado Central RR. $2,356,000 ; Utah & Northern RR.
years.
The general account, September
$2,353,000; Omaha A Rep. Valley RR. $419,000; Utah Southern RR. 30, 1882, was as follows, oondensed
Liabilities.
extension $975,000; Denver South Park A Pacific RR.
Assets.
$1,544,000; Stock
Kansas Central RR. $1,162,000; total $8,809,000.
$1,772,000 Road and equipment... $2,983,005
Bonds
The Kansas Pacific extended from Kansas
1,112,000 Sundry accounts...
3,122
City, Mo., to Denver. Col.,
Sundry accounts
639 miles, with Leavenworth Branch, Lawrence to
55,820 Les’d lines, stks,bds, Ac.
258,415
Leavenworth, 34 Surplus fund
423,624 Cash
miles. It was organized as “ Leavenworth Pawnee A Western” in
118,902
1861;
then changed to “ Union Pacific, Eastern
Division,” June 6, 1863, and to
Total
“Kansas Pacific” on March 3, 1869. The Pacific Railroad acts of
Total
$3,363,444
:
$3,363,444
1862
Income Account:
and 1864 applied to this road, and gave it a
subsidy of $6,303,000 and a Net income, all
land grant or about 6,000,000 acres. The lands
sources
^
$346,344
mortgaged were put in Interest
two trusts, 2,000,000 acres in the first, from the first to the 380tn
".
$81,340
mile Rentals
westward, covered by the first and second land mortgages, and
73,057
3,000,000 acres in the second grant, from the 380th mile westward, are Dividend, 5 per cent
88,600— 242,997
covered by the Denver Division mortgage. The
Balance, surplus
outstanding bonds of
$103,346
Kansas Pacific above are given less the amounts of each class held
Add surplus, Sept. 30, 1881
320,277
by
the trustees of the general mortgage. The second land
grant mortgage,
Surplus, Sept. 30,1882
$423,624
with various other bonds, was taken up with the
general consolidated
mortgage of May 1,1879, which covers road and lands; the trustees ot The surplus is chiefly represented by advances to leased lines. The
that mortgage are Jay Gould and Russell Sage, and
extension is doing well, and promises to be a good inveatr
they held in trust on Ogdensburg
ment.
Jan. 1, 1883, tho following bonds ot the Kansas
Operations and earnings for three years past were as follows:
Pacific, making $10,Passenger Freight (tonr Gross
Net
831,086 in all, viz.: Leavenwortn Branch, $533,000; first land grant,
Div-.
Miles
Mileage.
Mileage.
$1,430,250; second land grant, 1.499,000; income (unsubordinated) Years.
Earnings. Earnings, p. ct.
180
5,836,600
bonds, $187,650; income (subordinated) bonds, $3,205,300; Denver
9,204,785
$590,760 $315,771
4
180
7,377,199
Pacific bonds, $2,017,000.
12,918,373
693,170
4
246,780
They also held $1,875,800 of the stocks
180
and $3,156,000 of the bonds of other
8.599,023
15,224,870
766,463
323,011
5
companies controlled by the
-(V. 32. p. 205 ; V. 34, p. 113; V. 35, p. 762.)
Union Pacific.
The Denver Pflciflc—Denver to Cheyenne, 106 miles—was built under
Utica Chenango <t Susquehanna
Valley—Sept. 30,1882, owned from
the charter of the Union Pacific, E. D. (Kansas
Pacific), and opened Utica, N. Y., to Green, N. Y., 76 miles; branch to Richfield
Springs, 22
January 1,1871. The Denver A Boulder Valley was opened under a 99 miles; total, 98 miles.
Road opened October, 1872. Leased to Delaware
year lease from 1873. The company made default, and a receiver was Lackawanna & Western at 6
per cent on stock. Has no bonded debt.
appointed April 4, 1878. The stock of $4,000,000 went into this consoli¬ Gross earnings,
1879-80, $544,616; net earnings, $261,873; dividend
dation January 18^0, and the bonds are retired with the consolidated
payments, $240,000.
Gross earnings, 1880-81, $721,882; net, $317,-
mortgage of the Kansas Pacific. (V. 34. p. 116, 178, 289, 291, 292,
317, 376, 435, 461, 625, 655; V. 35, p. 71, 133, 182, 205,266,267, 291,
308, 313, 360, 431, 456, 487, 546, 578, 657, 708; V. 36, p. 170, 196, 212.
269, 282, 366, 454, 561, 652; V. 37, p. 49, 65, 68.)
United New Jersey RR. <t Canal Companies.—Lines of road. Nerw York
to Philadelphia and branches, 125 miles; Camden to Amboy and
branches,
225 miles; Trenton to Manunka Chunk and branches, 89 miles: total
operated, 430 miles. Delaware & Raritan Canal, 66 miles. The United
New Jersey Railroad A Canal Companies were leased in
May, 1871, to the
Pennsylvania Railroad for 999 years, at a rental of 10 per cent on the
stock, besides interest on bonds. The smaller leased roads were taken
with their several contracts. The Belvidere Delaware was leased
to the
Pennsylvania Railroad March 7, 1876, and since January 1, 1877, has
been operated as the Belvidere Division of United New
Jersey Railroad
system. The net earnings are paid over to the lessors iD full as rental.
The lease has not been profitable in cash receipts to the
Pennsylvania
Railroad, and the net loss in 1879 was $939,889; and in 1880 $1,035,308, and $302,864 in 1881; but the connection with New York was in¬
dispensable. Operations and earnings for five years past (including the
canal) were as follows:
.
..
..
478; dividends. $240,000.
Utica Clinton <t
Binghamton.—Sept. 30,1882, owned from Utica, N.Y.,
to Smith’s Valley, N. Y., 31 miles. Opened June
22,1872, and leased to
New York A Oswego Midland Railroad. The lease was transferred to
the Delaware A Hudson Canal Co., which
pays the rental of $75,000 pe*
annum.
The road was operated by the Del. Lack. A West, till April 1,
1883.
Gross earnings In 1880-81, $123,409; net, $58,003;
gross in
1881-82, $144,469; net, $69,085,
Capital stock, $636,285.
Maynard, President, Utica, N. Y. (V. 36, p. 366.)
Isaao
Utica Ithaca <t Elmira.—Sept. 30,1882, owned from Elmira. N.
Y„ to
Cortland, N. Y., 71 miles; leased, Elmira to Horseheads, 5 miles; total
operated, 76 miles. This company was organized May 11, 1878, as
successor .of the U. I. & E.
RR Co., whioh was foreclosed
April 30,
1878. Stock is $2,000,000. Gross earnings 1880-81, $142,9.89; net,
$20,968; gross, 1881-82, $160,200; net, $5,328. Geo. Jas. Rice, Presi¬
dent, Horseheads, N. Y.
Talley (N. T.) Railroad—Sept. 30, 1882, owned from Binghamton,
N. Y., to State line of Pennsylvania. 12 miles.
Leased to Delaware Lackawanna & Western. In
Opened October, 1871,
1880-81, gross, $330,
841; net. $187,744. Dividends paid, $60,000.
Rental in 1881-854
Years. Miles.
Mileage.
$63,958. Samuel Sloan, President, New York City. (V. 32, p. 92.)
373 139,245,413
10
$2,895,592
Valley (Ohio).—Dec. 31,1882, owned from Cleveland, 0.,to Wheeling
373 146.914,158 332,298,977
9,784,843
10 Junction, O., 76 miles, and 9*2 miles of small branches. The
3,283,981
temporary
171,055,377 381,885,409 11,541,681
u debt and car trust amount to $663,541.
3,329.473
Earnings in 1881, $275,673;
197,366,974 480,995,398 13,022,864
10
4,211.ft®0
net. $116,798.
In 1882, gross, $367,737; net, $176,494.
Stocky
429 227,938,390 521,869,010 14,231,458
10 $1,042,302. (V. 34, p. 605; V. 35, p. 707.)
4,062,363
—(V. 36, p. 170.)
Valley (Fid—Sept. 30, 1882, owned from Harrisonburg to Staunton ,
Utah Central.—Dec. 31,1882. owned from Ogden, Utah, to Frisco,
280 Va.. 26 miles, in operation, and being extended to Lexington, 36
mlles^
miles. This was a consolidation July 1, 1881, of the Utah
Central, Utah further. Operated by Baltimore & Ohio. Earnings, 1881-82, $56,772
'
Southern and Utah Southern Extension. 8tock is $4,225,000. In 1882
net, $13,412. Of the 1st mort. for $1,000,000, there were delir- *
gross receipts $1,531,486; net, $897,949.
Sidney Dillon, President. cred to the B. A O. $.’08,000, and the balance remain unissued. (V.
32* '*
-tV. 33, p. 687; V. 34, p. 509; V. 35, p. 162, 229; V. 36, p. 358.)
p. 687; V. 33, p. 178, 562; V. 34, p. 577; V. 35, p. 603.)
Passenger
Freight (ton)
Gross
Mileage.
Earnings.
255,027,095 $8,398,534
Net
Div.
Earnings, p. ct.
RAILKOAD' STOCKS
lxviii
Subscribers will confer
a
Miles
For explanation of column headings, &c.,
on first page of tables.
Date
of
°f.
see notes
Road. Bonds.
1880
Utica Ithaca A Elmirar- 1st mortgage, gold
1st "mortgage
18J l
1879
1881
1881
Valley (OluoT— 1st mortgage
7,
26
59
Valley f Taj—1st mortgage
Vermont A Maxxarhunetfs—Stock
by Fitchburg RR,)...
•
Vermont Valley of ’71—1st mortgage
Vicksburg A Meridian—let mortgage
Virginia Midland - Stock
Bonds, 1st series
or
Par
1872
1883
1880
1881
1881
1881
•
____
,
$....
400,000
1,600.000
5
7
6
6
3
150,000
1,000
1,000, oOO
....
1,000
800,000
1,000,000
....
1,000,000
1,920,0 0
6,000,000
599,958
1,898,895
1,062,545
921,820
1,773,828
1,310,000
3,503,000
....
....
1,000
1874
1,000
'700,000
100
100
27,109,200
23,034,*200
16,000,000
(!)
.
•
•
•
....
1880
1883
1-80
1879
18->0
18*<1
18-1
1881
....
1.000
1,009
1,000
ldO Ac.
1,210,000
340,900
4,500.000
1,000
1,000
1,000
1,000
1,000
3.857,000
1,853,000
2,090,000
....
....
1881
1853
1,000
275,000
300,000
2.300,000
1.000
900.000
....
Bonds—Princi*
J.
M.
A.
A.
J.
M.
A.
A.
M.
5
6
3 to 6
7
A
A
A
&
&
&
&
&
A
D.
8.
O.
O.
J.
N.
0.
O.
N.
....
D. L. AW.
do
1906
....
Boston, Fitchburg RR.
July 1, 1885
do
do
May
Bost., Safe Dep. A Tr.Co Oct.
New York, Plock A Co. April
do
do
May
do
do
June
Baltimore.
A
&
&
&
&
A
....
g.
g.
g.
g.
1, 1903
1, 1910
1, 1921
1, 1921
1, 1921
Mar. 1,
Mar. 1,
Mar. 1,
Mar. 1,
Mar. 1,
Mar. 1,
Jan. i;
1P06
1911
1916
1921
1926
1931
1927
Aug. 1, 1889
....
N. Y., Co/s Agency.
do
do
j. a n
do
M. & N.
do
J. A D. N. Y., Met. Natl. Bank.
do
do
j; & j.
J. & J.
N, Y., Co/s Agency.
do
do
J. & J.
J. & J.
do
do
do
j. a n.
do.
J. A D. N. Y., Metrop. Nat. Bk.
J. A J.
do
do
M. A S.
do
do
F. A A.
do
do
Q-F.
6g.
Oct.
1, 1921
April 7, 1883
....
1*2
1921
Boston, Office.
S.
do
do
S.
do
S.
do
S
S.
do
J. N.Y.Cent Tr.or Alex’d’a
Q.—F. San Fran., Bank of Cai.
M.
M.
M.
M.
M.
J.
1, 1911
1883
Aug. 1, 1911
New York.
Balt, and New York.
M. & S.
6
6
5 A 6
3-4-5
5
4 & 5
6
10
Stocks—Last
Dividend.
Jan.
N. Y.,
do
7
5
6
6
7
5
5
6
6
7
7
6
7
Where Payable, and by
Whom.
pal,When Due.
Nov. 15, 1881
June 1, 1920
1913
Dec., 1910
July 1, 1909
July 1, 1910
Oct. 1, 1931
July 1, 1921
Jan. 1, 1921
June 1, 1921
1897
Mar. 1, 1921
Aug. 1, 1890
Valley of *71.—March 31,1883, owned from Bellows Falls to
Virginia A Truckee.—Reno, Nev., to Virginia, Nev., 52 miles; branch
line. Silver Junotion to Silver City, 2 miles; total, 54 miles. Road
opened November, 1869. The bonds are payable $100,000 per year.
Gross earnings in 1881 were $914,271; net, $394,564, against $449,7*6 in i860; dividend payments, $240,000. The per cent paid is not
stated, and while the nominal stock is $6,000,000 the reports say that
the amount of paid-up capital is not known in consequence of the de¬
struction of the books by fire several years ago.
D. O. Mills, President
the stock of $1,000,000, and in June, 1883, 3 per cent
Wabash St. Louis A Pacific.—iSee Map Page xlvl.)—A consolidation
of tho Wabash Railway with the St. L. Kans. C. A North., Nov. 1, 1879.
Miles of road operated. Deo. 31, 1882:
East of the Miss. River—Toledo
to E. 8t. Louis, 436 miles; Decatur to Camp Point, 129; Camp Point to
on
Virginia Midland.—December,
1882,
owned
from
Alexandria to
Gordonsville. 88 miles; Warrenton Branch, 9 miles; Charlottesville to
Lynchburg, 60 miles; Lynchburg to Danville, 66 miles; Pittsville
Branch, 9 miles; Manassas Junction to Harrisonburg, 114 miles (of
which 49 miles leased to Balt. A Ohio); Front Loyal Branch, 1 mile;
total ow ned, 347 miles. Leased, Orange C. H. to Charlottesville, 28
miles; Pittsville to Rocky Mt., 30 miles; total leased, 58 miles. Total
owned and leased, 405 miles, of which 51 miles, Strasburg Junction
to Harrisonburg, is leased
the Baltimore & Ohio, leaving 354 miles
The Washington City Virginia Midland & Great Southern
consolidation (Nov., 1872) of" the Orange Alexandria A Man¬
assas and Lyncliurg & Danville railroads.
The Orange Alexandria
dc Manassas was a consolidation (June 1,1867) of the Orange A Alex¬
andria and the Manassas Gap.
The Washington City Virginia Mid¬
land A Great Southern was put into the hands of a receiver July 1,
1876, interest being in default, and was sold in foreclosure May 13, 1880.
and after litigation sold again Dec. 20, 18^0.
Reorganized as Vir¬
ginia Midland, and bonds and stock issued as above.
a
The Baltimore & Ohio had large claims against
coupons, and after reorganization
that company
the company for
and the Garretts
Bold their large interest, amounting to $3,00 >,000 in stock, to the Rich¬
mond A Danville Syndicate, the last payment being made in January,
1883.
€>f the above bonds, the first series is
a first lien between Alexandria
and Gordonsville, including lease of Charlottesville A Rap dan Railroad
and the Warrenton Branch; the second series is a second hen between
Alexandria and Gordonsville, including Warrenton Branch and lease of
Cbailotfesrllle & Rapidan RR., and a first lien between Charlottesville
and Lyncabiirg; the third series is a third lien between Alexandria and
Gordonsville. including Warrenton Branch and lease of Charlottesville
& Rapidan RR., and a second lien between Charlottesville and Lynch¬
burg; the fourth series is a fourth hen between Alexandria and GordonsTille, including Warrenton Branch and lease of Charlottesville & Rapidan
BR., and a third lien between Charlottesville and Lynchburg; the fifth
series is a first lien between Manassas Junction and Harrissonburg, in¬
cluding Front Royal Branch and lease of road from Strasburg to Harris¬
sonburg to the B. & O. RR., and a fifth lien between Alexandria and
Gordonsville, including Warrenton Branch and lease of Charlottesville
6c Rapidan RR., and a fourth lien between Charlottesville and Lynch¬
burg ; the sixth series is a first lien between Lynchburg and Danville,
including Pittsville Branch and lease of Franklin &. Pittsylvania RR.,
«nd a sixth lien on lease of Charlottesville A Rapidan Railroad.
The $4,000,000 income bonds were issued to retire 1st and 2d preferred
Btook, every 10 shares of preferred to be entitled to exchange for 10
shares of common and a $1,000 income bond. The company issued
Additional common stock, makiug the total $6,000,000.
The annual report for 1882, in Vol. 36, p. 138, showed the following
D&lance sheet Sept. 30,1882:
Cr.
imiffl I'lisig Dr.
Capital stock
Mort. and me. bonds..
Bills payable
Aooounts payable
Pay-rolls (Septemb’r).
Interest unclaimed
...
Connecting line, Ac..
$6,000,000
11,070,047
217,152
41,009
43,626
22,157
150,138
Road and property
Bills receivable
...
Supplies on hand
Connecting lines, Ac..
Cash in banks
(’ash with agents, Ac.
Profit and loss
$17,544,131
$17,086,048
19
86,37(5
243,066
3 -,078
56,112
37,251
$17,544,131
Earnings for the
years ending September 30 were:
Miles.
Gross earnings. Operat’sr exo’ses.
Netearn’gs.
$1,361,679
$765,714
$595,982
1,515.746
945,116
570,629
—(V. 34, p. 265, 292; V. 35, p. 449, 764; V. 36, p. 138, 140, 332.)
J. & J.
4
3,050,000
Vicksburg A Meridian—Line of road—Vicksburg to Meridian. Miss.
The company was unable to earn full interest, and reorganization was
made in 1881 with bonds as follows: $1,100.0"0 of first mortgage 6
per cent, f rty years, gold bonds; $1,100,000 of second mortgage bonds,
with intffest at 3 percent for two years, 4 per cent for two years, 5 per
cent for one year and 6 per cent, for ihirtj-tive years; $1,920,000 of
third mortgage income bonds, with interest at 7 per cent, if earned; and
preferred stock, $1,937,189; common stock. $3,957,100. Is mainly
owned and controlled by the Alabama New Oilcans Texas & Pacific
Junction Co.
Gross carniims for year ending March 31, 1883, were
$495,851; net, $141,324. (V. 34, p. 205; V. 35, p. 20; V. 37, p. 69.
vs
5
750,000
100
eclared.
operated.
$600,000
1,000
Brattleboro, Vt, 24 miles, and by purchase of 6tock the Sullivan County
BR. from Fellows Falls to Windsor, Vt. 26 miles; total, 50 miles. Con¬
trolled by Connecticut River RK. The Sullivan County RR. stock is
deposited re collateral security for the above mort bonds. Ret revenue
Of both roads year ending March 31, 1883, was $159,882. Dividends
was
Payable
6o0,d00
206,000
Vermont A Massach iselts.—lAne of road, Fitchburg to Greontteld,
Mass., 56 miles: branch, 3 miles. The road is leased to the Fitchburg
BR. for 990 years at 6 per cent. (V. 36, p. 21‘2, 652.)
paid
When
Cent.
1881
1881
1881
1881
1881
1882
75
Wabash. 1st. mort. (Toledo A Illinois)
Rate pei
Outstanding
Value.
100
54
Virginia A Truckee— 1st M.(pay’ble $100,000 a year)
3.348
Wabash SI. Louis A Pacific—Stock, common
Preferred stock, 7 per cent, (not cumulative)
3,318
All.
General mortgage, gold (for $50,000,000)
Collateral trust bonds (for $10,000,000)
i’3i
1st moit. bonds on Champaign Hav. A West......
131
do
1st pref.. convertible
262
1st mort. bonds on Chicago A Strawn
270
lstmoi’t., gold, on Cairo Division
112
1st mort.,£old, Detroit Division
87
1st mort., trold, Indianapolis Division
74
Indianapolis Peru A Chic.. 1st mortgage
75
Hav. Rantoul A East. 1st mortgage
143
1st mon., gold, Iowa Division
are
Amount
1881
2d series
do
do
3d series
do
4 th series
do
5th series
do
6th series
Income bonds, cumulative
81
-
24
140
140
140
354
2d mortgage
3d mortgage, income (not cumulative)
Yenrwnt
[VOL. XXXVII.
INTEREST OR DIVIDENDS.
Size,
12
Valley (N. T.)- Stock
Convertible bonds
Bonds of 1883 (guaranteed
BONDS.
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
Consol, mortgage
AND
Quincy, 22; Bluffs to Hannibal, 48; Maysville to Pittsfield, 6; Clayton
to Elvastou,35; Edwardsville to Edwardsville Crossing, 10; Detroit to
Logansport, 214; Michigan City to Indianapolis. 161; Attica to Cov¬
ington, 15; West Lebanon to Leroy. 76; P. A D. Junotion to 8t. Franciavillo, 109; Vinoennes to Cairo, 158; Bates to Grafton, 71; Champaign
to Sidney, 12; Hollis to Jacksonville, 75; Springfield to Havana, 47;
Streator to Altamont, 157; Shumway to Effingham. 8; Strawnto Chicago,
100; Urbana to Havana. 102; White Heath to Decatur, 30 ; State Line
to Keokuk, 222; Hamilton to Warsaw, 5; La Harpe to Burlington, 20;
total east of the Mississippi, 2,267 miles. 'West of the Mississippi—St.
Louis to Kansas City,277 miles; St. Louis Levee to Ferguson Junction,
10; Centralia to Columbia, 22; Glasgow to Salisbury, 16; Moberlyto
Ottumwa, 131; Brunswick to Council Bluffs, 224; Roseberry to Clariuda,
21; N. Lexington to St. Joseph, 77; West Quincy to Trenton, 136; Keo¬
kuk to Humeston, 131; Relav to Albia, 24; Des Moines to Fonda, 115;
Aibia to Des Moines, 67; total west of the Mississippi, 1,252 miles.
east and west, 3,518 miles.
In April, 18 -<3, the Wabash St. Louis A Pacific was leased for 99 years
to the St. Louis A Iron Mountain (and thus to the Missouri Pacific), on
the genei’rti basis of paying over to the Wabash its net earnings each
Grand t< tal
year. The St. Louis A I. Mt. also guarantees the collateral trust bonds.
Tne annual report for 1882 was published in the Chronicle, V. 36, p.
338, and the following iH an extract: “ The net result of the year was
a deficit of $583,022 below the amount required for interest, rentals
and charges of every kind, which, with the deficit of 1881, makes a
total deficit in profit and loss account of $2,035,880. Tho main report
is by Mr. A. L. Hopkins,.Vice-President, and he gives a plain, intelligent
and candid statement of the affairs of the company. He says: ‘ The
net earnings show an increase of $1,512,092 over those of the year 1881,
with an increase of 622 miles in the average length of road operated.
Notwithstanding this gain in the profits of our lines, the interest charges
and rentals have increased in a larger ratio, and the consequence ofrtnis
disproportion is a less satisfactory statement than we had anticipated.
At the date of our last annual report, Deo. 31,1881, the total length of
road operated was 3,343 miles, while at the close of 1882 it was 3,518
miles, an increase of 170 miles during the year. In point of fact this
additional mileage, consisting mainly of the St. Louis Jerseyville <fc
Springfield, the Lies Moines A St. Louis, and the extension north of Des
Moines, Iowa, was not operated until late in the year, and the lines
referred to can hardly bo said, even now, to be fairly under way. The
operations of the road have therefore been, practically, upon the 3,348
miles stated at the close of 1881/
“
*
*
During the year the sum of $3,044,012 has been expended for new
construction. Embraced in this charge is
St. Charles bridge over the Missouri River;
the sum of $377,827 for the
$461,500 towards the com¬
pletion of the Humestou & Sueuandoah Road, and $966,209| for car
trust and other rolling stock obligations.
These expenditures were ren¬
dered necessary in order to finish new lines commenced in the previous
year, but the requirements of the current year will be comparatively
small. The floating debt of the company is almost entirely the result of
these construction payments, but the company owns securities, consist¬
ing mainly of bonds and, stock, valued at $6,667,696, available for the
liquidation of the floating debt and future requirements.”
The comparative statistics for three years are as follows:
ROAD AND EQUIPMENT.
Total miles
operated
1880.
1881.
188?.
2,479
3,348
3,518
OPERATIONS AND FISCAL RE8ULT8.
1880.
Operations—
1881.
1882.
Passengers carried
Passenger mileage
1,992,763
3,215,200
4,251,393
97,774,576 137,114,727
166,198,560
Rate per passenger per mile
2*238
cts.
2*373 cts.
2 398 cts.
5,393,917
Freight (tons) moved
4,533,187
5,911,012
1,105,783,399 1 ,149,774,547 1,247,611,320
Freight (tons) mileage
0*928 cts.
0*951 cts.
Av’ge rate per ton per mile.
0 862 cts.
$
Earnings—
$
$
3,067,989
Passenger
2,344,452
3,944,520
10,667,906
Freight
9,532,334
11,885,226
Mail, express, Ac
551,326
731,894
1,021,943
.
Total gross earnings....
Total operating exp’ses
Net earning
Per ct. of expeas to earn.,
12,428,112
7,787.349
14,467,789
10,792,943
16,851,689
4,640,763
3,674,846
5,186,937
6‘2-fi5
11,664,752
August, 1883. J
RAILROAD
Subscribers will confer
a
DESCRIPTION.
For
STOCKS
AND
BONDS
Isis
great favor by giving immediate notice of
any error discovered In these
Tables.
explanation of column headings, Ac.,
on first
page of tables.
Miles
Date
of
of
see notes
Size,
1G7
j.80
33
29
75
167
180
490
109
coups.)
do*
Mort., gold, sink. fd. $25,000 after ’82..
Hannibal & Naples, 1st mortgage
St. L. K. C. A No., 1st mort. (North
Missouri)
do
real estate & railway 2d mort....
50
354
354
do 1st A 2d M.on St. Char.
Bridge,coup.or rg
do 1st M., Omaha Diy.,
gld, s. f., coup.or rg
do 1st mort.. gold, Clarinda Branch
Toledo Peoria A West., 1st
mortgage
do
1st pref. income, conv.,
int. guar..
do
2d pref. income bonds
Quincy Mo. & Pacific, 1st mort., gold (int. guar.).
Peoria Pekin A Jacksonville, 1st
mortgage
Centrev. Moravia & Alb. RR., 1st
mortgage
Chicago Cincinnati & Louisville, 1st
mortgage...
Ware River— Stock (guaranteed)
Warren (iV.JQ—Stock
2d mortgage, now 1st
1st consol, mortgage
Wasatch <£ Jordan Valley— Gold bonds
Washington City
Pi. Lookout—1st M. bonds, gold
1st mort. g«dd (for
$2,000,000)
West Jersey—Stock
1st mortgage loan
;
1st
do
consolidated
172
38
63
j
128
Consolidated mortgage
146
22
237
136
83
24
73
49
18
18
18
*
1853
1863
I860
1862
1853
Outstanding
$1,000
$2,500,000
500 Ac.
1867
1,000
1.000
500 Ac
1,000
1,000
1,000
1,000
1874
1878
1,000
1.000
1,000
1,000
„
.
1,000
500 Ac.
....
....
1867
500 Ac.
100
....
1855
1870
1875
100
....
....
....
12
„
....
1876
1889
....
....
50
....
1866
1869
1879
—
i'l liicl
Stocks Last
Dividend.
Whom.
7
--
1.000
1879
1879
1880
Is 80
1880
1879
1864
III C V
500.000
300,000
250 Ac.
100 Ac.
1,000
1869
1877
1879
1879
1865
Payable, and by
IS
pal,When Due
2,496,000
1,000
1858
Rate per When Where
Cent.
Payable
F. A A. N. Y., Met. Nat. Bank.
Aug. 1, 1890
7
F. A A. V.Y..N:it Bkof
ComTee
Aug., 1888
7
M. A N. N. Y., Met Nat. Bank.
Nov. 1. 1890
6
F. A A. V. Y., N. Bk. of
oin’ree. Aug. 1, 1912'
1,000.000
7
M. A N N. Y., Met. Nat.
Bank. May 1. 1893
1,500,000
7
M. A N.
do
do
May 1, 1893
2,500,000
7
M. A N.
do
do
May 1, 1893
2,610.000
7
Q.-F. N.Y.,Nat. Bk. of Coin’ce.
Feb., 1907
2,700,000
7
F. A A.
do
do
Aug., 1889
2,938,453
6 A 7
f; a A.
do
do
Feb. 1, 1907
1,600,000
7 g.
4. A O.
do
do
April
1, 1909
500,000
7
J. A I).
do
do
June 1, 1909
6,000,000
7
J. A J.
do
do
Jily 1, 1895
3,000,000
7
M. A S.
do
dc
Sept. 1, 1895
1,388,500 6 A 7 g. A. A O.
do
do
1903-1908
2,350,000
7 g. A. A O.
do
do
April 1, 1919
264,000
6 »• F. A A.
do
do
Aug. 1, 1919
4,500,000
7
Q.-J. N..Y., Metropolitan N.Bk Oct. 1, 1917
1,190,000
4
J. A J.
do
do
385,000
7
1,204,000
6 g. J. A J.
N.Y.,Metropolit’n N.Bk Oct. 1, 1909
1,000,000
7
I. A J. V. Y., hup. A Trad. B’k
July 1, 1894
400,000
6
J. A J N.Y.,
Mertopolit’n N.Bk
1,000,00o
7
J. A J. N.Y., Farmers’ L.AT.Co
Jan., 1887
750,000
3Lj
J. A J. Boston, Bost.A Alb. RR.
July 1, 1883
1,800,000
4. A O. N.Y.,
38*
Del., L. A W. RR. April. 188 l
750,000
7
A. A O.
do
do
April 1, 1900
600,000
7
M. A S.
do
do
March 1, 1905
884,000
7
M. A N.
N. Y., Kountze Bros.
540,000
6
J. A D. Baltimore. Balt. A
O.RR.
1903
1,0 >0,000
6
Nov. 1. 1990
1,375,809
3
F. A A. Pliila., Pa.RR.Co. Office
Mar. 15,1883
1,000,000
6
J. A J.
do
do
Jan., 1896
1,000,000
7
A. A O.
do
do
Oct.. 1899
456,500
6
M. A N.
do
do
Nov.. 1909
1.000
1865
INTEREST OR DIVIDENDS.
Amount
Value.
Bonds
Wabash St. Lotus <£ Pacific—(Continued.) —
Wabash, 1st mort. (Lake Erie, Wab. A St. L.)
do
1st mort. (Great Western of
1850)
do
1st mort. (Quincy A Toledo)
do
1st mort. (Ill A So. Iowa) extended
do
2d mortgage (Toledo A
Wabash)
do
2d mortgage (Wabash A
Western)
do
2d mortgage (Great West, of
1850)
do
Consol. M., (on all but Dee. A E
St.L.)..
dp
1st mort., (Decatur AE. St. Louis)
do
Funded debt bds (sec.by dep’sit of
or
Par
500Ac.
500 Ac.
500 Ac.
„
INCOME ACCOUNT.
Wasatch & Jordan
1880.
Receipts—
1881.
$
Net earnings..
Other receipts.
4,640,763
Total income
Disburse m ents—
33,601
5,186,937
4,674,364
3,952,091
5,515,697
2,657,360
514,569
$
1,009.079
3.447.627
637,504
1,329.918
Total disbursements
3,635,184
6,124,128
Balance, surplus or deficit., sur.1,019,180 def.2,472,037
.
GENERAL BALANCE SHEET
(CONDENSED) AT CLOSE
1880.
Assets—
RR., b’idings, equipm’t, Ac.
Securities A prop’ty on hand
Materials, fuel, Ac
Construction, Ac., for year..
Income account
Total
Liabilities—
Stock, common
Stook, preferred
Funded debt (see Sup’ment)
Bills payable
Loans payable
Sundry balances*
Income account
Total liabilities
*
$
3,674,846
277,245
$
483.255
Rentals paid
Interest on debt
Taxes, rent of cars, Ac.
Dividends
$
1882.
$
83,923,952
286,119
873,875
3,116,529
88,200,475
$
21,614.500
20,453,000
42,094,858
33o,703
2,682,234
$
987,608
4,302,006
809,105
6,098,719
def.583,022
OF EACH FISCAL YEAR.
*18*1.
1882.
113,285,9 ?9
11,578,866
1,452,858
3,044,013
122,338,616
$
26,921.500
23,033.200
66,291,858
355.466
$
8,667,697
2,035,881
127,733,921
$
27,140,500
23,031,200
70,937,851
239.057
1,500,000
4,236,622
3,037.000
3,315,313
122,338,646
127,733,924
Includes audited vouchers, interest accrued, interest not
due, un¬
The trustees of the general mort. for $50,000,000 are the Central
Trust
Co. of N.Y. and James Cheney
of Indiana. It provides for taking up all
the old bonds as they mature, or by exchange at
any time tlie holders offer
them, and reserves $33,000,900 for that purpose; and the bonds so taken
up are not canceled but remain in the hands of the trustees as the
prop¬
erty of the trust. The mortgage may be foreclosed after six mouths
default of interest, if a majority in value of all the bondholders so
request the trustees. First mortgage on 8t. Charles Bridge is for
$1,000,000, and is 6 per cent now, running absolutely till 1908.
The amount of funded debt bonds of 1877, due 1907 as above
given,
includes the scrip certificates for coupons funded and
deposited in trust,
which certificates amounted January 1,1883, to
$1,014,453, and are
exchangeable into the bonds. If not exchanged the certificates fall due
with the principal of the bonds from which
coupons were cut.
The old Toledo A Wabash equipment bonds of 1862
($600,000) were
decided in March, 1883, to be a lien against this companv,
with interest
since 1874, making about $l,0t 0,0 0; but this is
yet in liiigation. The
collateral trust bonds of 1883 ($10,o00,000) were issued for
floating
debt, Ac., and $1,000,000 reserved to take up car trust certificates as
they mature.
Preferred stock lias a prior right to 7 per cent
(non-cumulative); then
common to 7; then both share in
any surplus.
The Toledo Peona A War.
company made default Dec., 1873, and was
operated by a Receiver until sold m foreclosure on Jan. 20,1880. II
was purchased by a committee of bondholders for
$6,000,000, and re¬
organized as Toledo Peoria A Western. This company made a lease for
the term of its charter to the Wabash St. Louis. A Pacific on terms
as
follows, viz.: That the Wabash Pacific guarantee 7 per cent on the
$4,500,000 first mortgage bonds of the Toledo Peoria A Western.
The $2,900,000 income bonds to be guaranteed
at 4 per ocnl
and to Is* convertible at parfor Wabash St. Louis A Pacific common
stock. The $1,000,000 second preferred income bonds were also convert¬
ible into Wabash preferred stock, share for share. The stock of the
Toledo Peoria A Warsaw was scaled 25 per cent common, 30
per cent
second preferred and 50 per cent first
preferred, each shareholder
receiving this amount in new stock of the Toledo Peoria A Western
stock. The Toledo Peoria A Western stock
was clmngable
into Wabash common stock, three shares for($3,0U0.090)_
one.
(V. 35, p. 52. 95. 260,
706, 763, 764; Y. 36, p. 254,304,327, 338,400,427.445.561,724.)
-
Ware Direr.—Palmer, Mass., to Wincliendon. Mass., 49 mileR. It is
leased for 999 years to the Boston A Albany Railroad at a rental of 7
per cent per annum. J. A. Runnlll. President, Springfield, Mass.
Warren. N. J.—Line of road, New Hampton Junction to Delaware
The road is leased to Delaware Lackawanna
& Western at 7 per cent on stock and l>onds. Gross earnings. 1881.
$593,234: net, $345,274; 1882, gross, $181,985; net, $255,19L (V.
32,
p.
611.)
West Jersey—Deo. 31,1812, main line and
branches— Camden to Cape
May, Bridgeton, Rhldleton and Sea Tslo, 117 miles: leased
lines, 3>
miles; West Jersey a Atlantic UK., 31 miles: total,
186 miles
operated.
The annual report for 1842 was
published in the Chronicle, V. 36, p.
534. Income account for two
years:
1881.
1882.
Total gross earnings
Net earnings
Other receipts
$988,525
$1,109,410
427,572
3,074
454,667
$430,646
$454,667
$33 034
175,721
53,034
54,390
$33,034
4 p.o.
6 p. o.
s
700,404
paid taxes, Ac.
Bridge, N. J., 184* miles.
Washington City <& Point Loolcout.—Hyattsville, Md., to
Shepherd,
Md., 13 miles, and to bo extended.
This road was opened in 1873. It is
leased to the Baltimore A Ohio for
$36,000 gold per annum. The
stock paid in is $1,000,000. Same officers
as Baltimore A Ohio
Railroad
Receipts—
$
107,658,815
4 35,«62
1,212,245
1,019,180
88,200,475
328.760
Valley.—Brigham City, U. T., to Alta City, U. T.*
44 miles.
In 1878 the
Brigham Canon A Camp Floyd was
in this, and it is stated
that there are mortgages prior to the merged
above.
For three years,
1876-7-8, the average net earnings wore
$131,186
per annum.
Stook is $1,100,000.
Lately bought by Denver & Rio
Grande Western. C. M. Scofield,
President, N. Y. City. (V. 35, p. 104.)
Total income
Disbursements—
Rentals paid
Interest
Net
on
do't
earn’gsofW. J. A Atl. audP. AO.C.RRs.
Dividends.
Rate of dividend
177,118
57,77582,807
Total disbursements
Balance surplus
$316,184
114,162
—(V. 35, p. 52, 71, 339; V. 36, p. 170, 313, 534.)
$350,734
103,033
West Jersey <C Atlantic.—Newfleld, N. J., to Atlantic
City, N. J., 34
Opened June 17, 1880, and operated by West Jersey Railroad
on a joint traffic
agreement and 25 per cent of gross receipts on West
Jersey from traffic of this road to be applied to any deficit
in iutefest
and, then as sinking fund for bonds purchasable at i05, or drawn if
over that.
In 1882 net earnings were
$57,408. Stock is $552,200.
miles.
Western Alabama.--lAr\e> of road—Selma to
Opelika, Ala., 116 miles;
to West Point, 22 miles; total, 138 miles, of whioh 50
miles i§ leased to Louisville A Nashville for
$52,00* > per annum. Was a
consolidation in 1870 of Montgomery A West Point and Western
of Ala¬
bama. Sold May 10, 1875, in foreclosure and
purchased jointly by the
Georgia Railroad and Central Railroad of Georgia. The old stock and
income bonds were wiped out in the
foreclosure, aud the property is
represented by the bonded debt and $846,000 due each ot the above com¬
panies. There are also $ {2,000 second mortgage 8s of
Montgomery &
West Point RR. due May 1, 1888. The
gross and net earnings have
been as follows:
Gross
Expenses and
Net
Miles.
Earnings.
Taxes.
Earning^
1876-77
167
$467,597
$367,072
$100,524
1877-/8
167
544,107
367,454
176, C32
1878-79
*..
167
579,492
395,498
183.994
1879-80
679,746
402,797
276.949
1880-81
117
692.911
376,757
316.154
1881-82
88
442,539
branches, Opelika
..
..
..
..
290,302
..
—(V. 36, p. 332.)
152,237
Western (6 Atlantic.—Atlanta, Ga., to
Built by State of Georgia and opened in
Chattanooga, Tenn., 138 mileR.
1850, and by an act of October
24, 1870, was leased to a company for twenty years at a
monthly rental
of $25,000. In 1881
gross earnings were estimated at $1,500,000, and
net. $600,000; rental, $300,000;
surplus, $360,000 (V. 32, 184; V. 34.
p.317; V. 35, p. 133, 291.)
Western Maryland.—Line of road—Baltimore to
Williamsport, Md., 90
miles;
Emmitslmrg Branch, 7 miles; Edgemout to Shippemburg, Pa., 34 miles; total, 131 miles. The capital stock is $682,050.
The companv was
largely assisted by the city of Baltimore, aud
was unable to pay alb its
interest.
A compromise was made with
the preferred second mortgage bondholders for
funding coupons.
The Baltimore A Hanover RR. was
completed to its connection with
this road in 1880. The Western
Maryland operations for five years
have been as follows, but in 1878-79 the
construction account was
closed and all expenses
charged to operating expenses, on which basis
1877-78
1878-79
1879-80
1880-bl
l«t«l-82
.
Miles.
93
93
93
.111
.124
—(V. 34, p. 86; V. 35,
Passenger
'Freight
Gross
Mileage.
7,411,061
8,502,388
10,705,925
Mileage.
Earnings
5,180,982 $317,202
5,469.519:
347,442
12.277,592
7.278.431
13,401,848
9,172,272
p. 457.
6,645.328
Net \
Earning.0*
$129,927
73,095
397.564
401,871
540,148
88,278
85,952
175,657
>
,
RAILROAD
r ixx
Subscribers will confer a great favor
STOCKS
BONDS.
AND
fVoL. XXXVII.
by giving Immediate notice of any error discovered In these Tables.
Cr
DESCRIPTION.
For explanation
of column headings, Ac., see notes
on
first page
of tables.
West Jersey d Atlantic— 1st mortgage
Western {Ala.)—Western RR. bonds, before consol..
2d mort..guar. by Cent, of Ga.and Ga. RR. AB.Co.
Western d Atlantic (Co)—Income bonds
Western Maryland— 1stmort., endorsed Balt. City..
1st mortgage, unendorsed
2d
do
endorsed by Baltimore
2d
do
endorsed by Washington County .<
2d preferred mortgage, unendorsed
2...
3d mortgage, endorsed by Baltimore
4th
do
endorsed by Baltimore
Funded coupons
34
44
160
138
90
90
90
90
90
90
90
-
....
1880
1868
1870
1873
1858
1858
1867
1867
1868
1870
1872
1880
$1,000
....
1,000
1,000
Amount
Outstanding
....
mortgage
Western North Carolina— 1st mortgage
1877
1,000
Consol
r
mortgage
Western Pennsylvania—1st mortgage
1st mortgage, Pittsburg Branch
130
18!)
57
28
1-81
1863
1865
3,()<»0
General mortgage
White Wafa— Stock ($325,000
....
of It pref.)
Wheeling d Lake Erie.—1st M., gold ($15,000 p. m.)
2d mortgage
Wilmington Columna d Augusta—Stock
1st mortgage
65
1879
3 88 i
....
1VJ
....
1880
'
180
pref.
....
....
326
326
326
46
1879
1 879
1879
....
Bonds, mortgage
....
Bonds, mortgage
Bonds, mortgage
do
1873
1875
....
....
48
Rochester—Stock
do
1 st
m.. guar,
100
<-
....
Wisconsin Central— Consol, mort., land grant,
1st series
2d series, income
Worcester d Nashua—Stock
<ss
....
79
Witming/iin. d Noiiher-n—Stock
Wilmington d Weldon—Stock
Sterling bonds
Sinking fund bonds, gold
Nashua
1,6*00
(for $700,000)
....
1874
48
.
.
.
.
....
....
....
187-90
1,200.000
3,300.000
2,550,000
2,280.000
960,000
1,600.000
1,278,050
Rapids, Minn., to Brainerd, Minn., 61
1877.
Leased to tlie Northern Faciiic
Railroad May 1, 1878, for 99 years. Stock, $800,800. In' addition to
above bonds, there are $76,000 7 per cent land bonds. The land grant
la 537,842 acres. George L'. Becker, President, St. Paul, Minn.
Western North Carolina—'Slaved 31,188?, owned from Salisbury, N. C.,
Rock, Tenn. State line, 190 miles; Asheville to Pigeon River, 20
miles; total, 210 miles. The road was financially embarrassed, and was
3
7
7
5
2 to
2 to
221,400
936,000
400,000
3,800,000
5,700,000
1,789,800
A
A. A
J. A
A. A
J.
O.
J.
O.
5
7
5
M.
M.
J.
J.
N.
8
J.
D.
A
A
A
A
N. Y.,
-
A D.
M. A N.
London.
J. A J. N.Y.,Bost.,Loud.,Frank
M. A N.
Boston.
do
J. A J.
J. A J.
do
J. A J
Worcester, Office.
Various
do
do
A. A O. Bost., Globe Nat. Bank.
F. A A.
do
do
A. A O.
Worcester. Office.
A. A O. Bost., Globe Nat. Bank.
Gross
Net
Earnings.
$176,277
505,978
603,175
175,693
221.698
;
0. K. Garrison.
Baltimore.
N. Y. and Baltimore.
Earnings.
$488,448
-(V. 33, p. 685
Stocks—Last
Dividend.
Sept. 1, 1910
May 1,
Jau. 1,
Philadelphia, Pcnn.RR. April 1,
do
do
Jan. 1,
do do
Oct. 1,
J.
g.
g.
1*2
700,000
Years.
g.
5
5
5
1,305,800
Whom.
Payable
J.
1*2
275,000
250,000
400,000
fioo Ac.
Western Minnesota—S;iuk
miles.
Road opened Nov. 1,
6
pal,When Due.
Payable, and by
....
7
3
6
2,082,400
100
100 Ac.
500 A<.
lOOOAc.
....
800,000
Where
Oct. 1. 1888
Oct. 1, 1890
Oct. ’79 to ’91
Atlanta, Co.’s Office.
Q-J.
J. A J. Balt., N. Mechanics’ B’k Jan. 1, 1890
J. A J.
do
Jan. 1, 1890
do
J. & J.
do
do
Jan., 1895
J. & J.
Hagerstown, Md.
Jan., 1895
J. & J. Balt.,N. Mechanics’ B’k
Jan., 1895
J. A J.
do
do
Jan., 1900
J. A J.
do
do
Jan., 1902
do
do
1890
M. A N. N. Y., Northern Pacific.
6
7
7
6
6
6
7
1,000,000
When
M. A 8. Phil a., Fidelity I. T. Co,
A. & O. N. Y., Nat. City Bank.
do
A. & O.
do
6
8
8
10
6
6
6
6
6
6
6
3,100,000
500 Ac.
100 Ac.
....
Cent.
1,158,000
598,000
200,000
400,000
300,000
300,000
600,000
875,000
1,000,000
544,626
500,000
850,000
1879-20 1879-0
60
Western, Minnesota—1st
Rate per
$500,000
600,000
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
100
500
500
500
500
500
500
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Date
Miles
Size, or
of
Par
of
Road. Bonds Value.
Years.
1880-81..
1881-82..
1890
1911
1893
1896
1901
Nov. 1. 1909
1912
July 10, 1883
June, 1910
July 16, 1883
1886
1896
5 p. cL
yearly
1909
July 2, 1883
May 1, 1887
April 1, 3 893
Feb.
1,
1895
July 2, 1883
Anril 1, 1894
Gross
Not
Earnings.
Earnings.
,...
....
$750,916
$303,833
209,472
783,790
V. 35, p. 657.)
Wisconsin Central.—Dec. 31, 1882, owned
Stevens Point to Menaslia, 65 miles; do. to
main line and branches
Ashland, 186 miles; do. to
Portage City. 70 miles: branches, 7-miles; total owned. 327 miles. Loosed
arolina, and subsequently finished by the Richmond & Danville Ter¬ from Neenah to Schleisingerville, 65 miles; operated under contract,
minal Railway Company.
It is proposed to complete the road to Cleve¬ Milwaukee to Schleisingerville, 32 miles. Total operated, including
land, Tennessee. In 1881-82 gross earnings, $218,934; net, $28,505. feeders, 440 miles. The lease of Mil. & North, was surrendered Aug.,1882.
In Jan., 1879, the Wis. Cent. Road was taken possession of by the trustees
Stock, $4,000,000. (V. 34, p. 179, 366 ; V. 35. p. 103, 298, 371.)
for bondholders, who still operate it.
There is a land-grant of over
Western Pennsylvania.—Tlio road runs from Blairsville to Alleghany 800,000 acres, and on March 1, 1882,
proposals w-ero invited for
City, Pa., 63*2 miles; branch to Butler, Pa., 21 miles; total, 84nfiles- $1<J0,000 bonds to be sold to the sinking fund and paid for with
Completed in 1865 and branch in 1870. A new lease to ihe Pennsyl¬ proceeds
of land and stumpage sales.
The plan of reorganization
vania Railroad lor 30 years was made in lc83. The Pennsylvania Rail¬ has been
practically accomplished. This embraced the issue of a new
road, lessee, owns $993,050 stock out of the total amount of $1,022,450, consolidated mortgage to cover $400,000 5 per cent preferred bonds ;
$288,000 of branch bonds, and all of $1,200,000 general mortgage $3,800,000 first series bonds, bearing 2 per cent for three years from
bonds- In 1881 net earnings were $166,954; in 1882, $216,965.
(V. 35, July 1, 1880, and 5 per cent afterward; and $5,700,000 second series
p. 393; V. 36, p. 6110
bonds, to draw interest if earned (but not cumulative), 2 per cent for
three years, and 7 per cent thereafter.
Interest on the second series is
65 miles.
payable J. and J., but dependent each time on the net earnings of the
-Bo
This was formerly the White Water Valley, sold in foreclosure
May 2, half year ending six months before. The stock of $11,500,000 remains,
Gross earnings in 1882-83, $2,000,000 of it preferred and $9,500,000 common, and is all
1878, and reorganized under this title.
deposited
$L04,234; deficit, $5,979. Elijah Smith, President, Boston,.Mass.
in trust with Stewart and Abbot, Trustees, to be voted on until all interest
is being earned and paid on new bonds, and in the judgment of the trus¬
Wheeling d Lake Erie.—Road under construction—Wheeling. W. Va., tees is likely to continue so to be. Trustees’ certificates for new stook
to Toledo, O., 205 miles, and branch, Norwalk to Sandusky, O.,.21
(without voting power) have been issued to the old stockholders, which
miles. In May, 1883, 168 miles in operation. Bonds offered in New
pass as a delivery on sales. In March, 1882, the Trustees and company
York, July, 1880 by N. Y. New England A Western Investment Co. leased for 99
years the Milwaukee A Winnebago Railroad, from Neenah
Stock,'$4,590,000. (V. 34, p. 52; V. 35, p. 23, 71, 103, 162; V. 36, p. to Schleisingerville, which was completed in December, 1882 ; the rental
560.)
is 37*2 per cent of gross earnings up to $175,009 per year, all surplus to
Wilmington Columbia d Augusta.—Sept. 30. 18Q2, owned from Wil¬ go equally to lessor and lessee, and the bonds are issued subject to this
mington, N. C., to Columbia, S. C., 189 miles. Leased jointly. Lane,. lease. For four years past the earnings, &c., were:
Gross
Net
Freight (ton)
Passenger
S. C., to Sumter, S. C., 38 miles. Total operated, 227 miles.
In 1880-81
Miles.
Earnings.
Mileage.
Mileage.
Earnings.
there was expended $42,000 out of earnings for locomotives. Paid 3 Years.
1879
455
30,920,076
6,385,319
$851,090
$193,090
per cent dividends for L880 and 1881.
460
1880
41,550,726
1,146,352
265,748
8,746,766
Road was sold in foreclosure, October, 1879, for $860,500, and re¬
461
47,766,777
1,365,967
272,108
10,466,444
organization is in progress.
The scheme of reorganization (which was 1881
440
1,388,490
252,468
carried out) provided that a new corporation should be created, with a 1882
V. 35, p. 23, 298, 313, 374, 405, 578,
capital stock of $960,000 and $1,600,000 in thirty-year first mortgage -(V. 34, p. 147, 317, 522, 655
bonds. The holder of $2,000 of the old jonds, together with the certifi¬ 707, 737; V. 36, p. 676.)
cates for funded interest, received a $1,000 bond of the new company,
Worcester d Nashua.—Sept. 30,1882, owned from Worcester to Nashua,
and in addition six shares of stock. The plan adopted provided only for
46 miles; leased, Nashua A
Rochester. 48 miles; total operated,
the first mortgage bondholders, and cut off income bonds, $600,000;
94 miles. Paid regular dividends of 10 per cent for some years
certificates of debt, $336,000; floating debt, $879,022, and the capital
before 1874-5. in 1875-6 the leased line charges (Nashua & Rochester, 48
stock of the old comnanv, $300,000. Earnings have been;
miles) first appear in the accounts, and the Worcester A Nashua paid
Years.
Gross Earn’gs.
Net Earn’gs. only 5*2 per cent dividends in that year. The rental charge being
$547,446
$145,423 plainly too heavy, an agreement was made in 1879 to reduce the
640,956
135,917 interest on bonds to 5 per cent, and the dividends on Nashua
692,628
139,592 A Rochester stock to 3 per cent per annum. The interest on Woroester
A Nashua bonds was also reduced to 5 per cent, and surplus earnings in
—(V. 33, p. 68C; V. 35. p. 657.)
to Paint
Surcliased April 17, 1875, by commissioners for the State of North
[r
....
....
....
.
....
Wilmington d Northern.—Dec. 31, 1882, owned from Wilmington
Del., to Reading, Pa., 72 miles; branches, 7 miles; total owned 79 miles
Has bonds amounting to $122,700. Earnings in 1881 $325,012 ;net,
$66,764. In 1882, gross, $339,092 ; net, $75,064. (V. 36, p. 591.)
Wilmington d Weldon.—Road extends from Wilmington to Weldon,
N. C., 163 miles; blanch to Tarboro, 17 miles; total, 180 miles. Was leased
November, 1872, to Wilmington Columbia A Augusta Railroad for 99
years. The lessees made default December, 1877, and the lease was sur¬
rendered April 13, 1878. For three years, 1879-81, 3 per cent yearlydividends were paid. The earnings and expenses for five years have been:
any year above requirements for interest and 3 per cent on each stock
are to be apportioned between the stock of each company according to
the relative number of shares. In. addition to above there are $37,000
cent W. A N. bonds. Five years’ operations were as follows:
Gross
Net
Freight
Passenger
Miles.
Earnings.
Earnings.
Mileage.
Mileage.
94
5,703,761
9,961,740
$168,351
$473,240
94
6,168,871
12,123,444
473,081
166,495
94
6,784,960
553,592
14,995,020
167,033
94
16,153,062
588,770
155,196
7,222,999
94
1881-82...
7,467,524
16,999,008
165,174
640,162
(V. 33, p. 580; V. 36, p. 139.)
5 per
Years.
1877-8....
1878-9....
..
..
August, 188?.]
CANAL
Subscribers will confer
a
DESCRIPTION.
Fsr explanation of column
headings,
on first page of tables.
STOCKS AND
Ac.,
Miles
Date
of
of
see notes
Size,
Outstanding
1879
$
1,000
$1,500,000
500,000
14
14
184
184
184
184
60
60
148
148
148
mortgage (extended 20 years in 1878)
d Hudson—Stock
mortgage, registered
do
do
debenture loan of 1894, coup and reg
1st M., coup. A reg., on Penn. Div.
($10,000,000)
;
Extended, 1877..
Scrip
•
.
337
337
106
Schuylkill Navigation—Stock,
Preferred stock
common
car
car
.
.
6'
20,000,000
134
3,385,000
7
7
7
7
5,549,000
4,829.000
5,000,000
12,151,950
2Lj
*
100
100
1,000
various.
various.
1,000
50
50
1,000
1,000
103,164
4,501,200
2,984.000
695,300
1,000
628.100
1,000
1,000
500
500
1,000
....
Albermarle d
Chesapeake— Securities placed on New York Stock
Exchange list February, 1880. Frost., Marshall Parks, Norfolk, Va.
Chesapeake d Delaware—Delaware City to Chesapeake
City, Md.
Chesapeake d Ohio—In a suit against the company the Court
(January*
do
July, 1.886
Lv.it., A. Brown A Sons
1870
London.
1894
1884
1897,
1897
June 1, 1911
J.
J.
F.
M.
F.
F.
>
do
do
1892
1883-'84
Aug., 1883
Aug., 1883
April 1, 1906
Oct., 1885
do
do
5
Feb., 1889
’
_
3,282,550
1,709,380
3,990,390
1,000
-
July 1, 1909
do
do
do
do
D.
do
do
D.
do
do
A.
do
do
S.
do
do
A. Leh. Val. RR.
Co., Phila
A.
do
do
O.
do
do
J.
7
do
Q-J.
Q-F.
6
5
7
780,000
220,000
Dividend.
1890
J. A J. Balt., A. Brown A
Sons.
1885
F. A A.
Phila., 258 So. 3d st.
Aug. 15, 1883
J. A J.
do
do
July 1. 1898
Q-Mcli. N. Y., Bk. of Commerce. Juno 11.1883
J. A J
do
do
1884
J. A J.
do
do
1891
A. A O.
New York, Office.
lb94
M. A 8.
do
do
Sept. 1. 1917
J. A D.
Philadelphia, Ottioe.
June 6, 1883
M. A 8.
do
do
7
2
Whom.
Philadelphia, Ottice.
A J.
A J.
A
A
A
A
A
A
A. A
A. A O.
F. A A.
643.000
243,451
1,025,000
1,175,000
1,200,000
228,000
756,650
....
....
2,000,000
Bonds—Princi"
pal,When Due*
Payable, and by Slocks—Last
A J N. Y.. Union Trust Co.
A D.
Q- J
Q-J.
5
6
2
6
1,699,500
674,950
800,000
4,653,000
2,470.750
1,000
1,000
various.
1870
85
'
500 Ac.
....
....
6
6
6
6 g.
7
7
6
....
’
1,993,750
3,851,593
2,000,000
4,375,000
5,381,840
.
1863
1864
1839
1859
’44-’64
’41-’64
1872
J.v
J.
J.
J.
6 K-
....
....
.
„
v>7
2,078,038
Var.
Var.
....
m
Rate per
When Where
Cent.
Payable
771,000
1870
....
pref. bonds, 1st mort
pref., 1st T. W. priority b’ds.
bonds of 1872, 4th mort
50
500 Ac.
50
....
Susquehanna— Maryland loan, 2d mortgage
Susquehanna Canal, common bonds, 3d mort
Union— 1st mortgage
1865
1869
....
....
1,000
1,000
lOOOAc.
....
....
......
100
1,000
1876
....
loan
loan
do
do
do
....
....
(payable by P. A R.)
1,000
....
103
1st mortgage, extended
2d mortgage
Boat and
Boat and
1871
1872
....
General mortg., interest guar’d by
Penn. RR
Improvement bonds
....
1869
1864
1867
1867
103
Pennsylvania—Stock
coup,
1877
^
103
103
Mortgage bonds,
1874
•
Preferred stock
New mortgage (for $1,000,000)
Boat loan
Preferred stock scrip dividend
•
1869
1871
....
Korns—Stock, consolidated
•
....
....
.
.
1858
....
.
500 Ac.
500 Ac.
50
....
•
....
•
50
Vario’s
25
339
•
....
1856
500 Ac.
....
Lehigh Coal d Navigation—Stock
Loan, conv., coup., gold (assumed L. A W. Coal Co)
1st
1st mortgage, registered, railroad
Mort. loan, g. ($2,810,000 assumed
by other co’s.)
Consolidated mortgage loan
Greenwood 2d mortgage, reg.
INTEREST OR DIVIDENDS.
Amount
Value.
Delaware
mortgage, registered
or
Par
Canal. Bonds
Mortgage bonds .7
Chesapeake d Delaware—Stock
1st mortgage (originally
$2,800,000)
Chesapeake d Ohio—Stock
Maryland loan, sinking fund
Guaranteed sterling loan
Bonds having next preference
Delaware Division—Stock, (Conv.into
L.C.AN.etck.)
1st
•
ixxi
great favor by giving immediate notice
of any error discovered in
these Tables*
Albermarle d Chesapeake—Stock
1st
.BONDS,
1,000,000
1,324,000
227,500
97,810
250,000
35c.
•
70c.
6
6
6
6
6
•
•
J.
6
6
6
7
1
J.
J.
M.
M.
M.
J.
J.
J.
J.
.T.
M.
A
A
A
A
A
A
A
A
A
A
A
Phila., 233
J.
J.
N.
N.
N.
J.
J.
J.
J
J.
N
So. 4th St.
Philadelphia, Office.
•
Q. -M.
7
6
3,000,000
A
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Phila. and Baltimore.
do
do
do
do
do
do
do
do
Philadelphia;, Office.
July,
i910
June 8, 1883
Juno 8,1883
March, 1897
1882 to 1907
1895
May,
May,
May,
Jan.,
1880
1913
1915
1885
Jan. 1, 1918
Jan., 1894
Jan,1894
Jan., 1902
May 1, 1883
Wilkesbarre Coal Company assumes $500,000 of tlio
gold loan due 1897
and $771,000 (all) of the convertible
gold loan due 1894. The Board
of Managers’
report has the following statement of
receipts and dis¬
bursements :
1881) declined to appoint.a Receiver, but ordered the
receipts.
1880.
1881.
to
company
report
1882.
at stated times its receipts and payments.
Railroads and
Nesquehoning
Tunnel. $1,157,900 $1,429,468 $1,445,190
Delaware Division— Leased to Lehigh Coal &
Lehigh
Canal
Navigation Co. at interest
108,666
55,830
55,699
on bonds and 4 per cent a
year on stock. In 1882 $958,400 was con¬ Water Powers Lehigh Canal...,
19,755
18,947
21.065
verted into Lehigh Coal A Nav. stock,
Delaware Division Canal
90,176
leaving
$074,950 unconverted. Net
74,044
47,586
—(V. 36, p. 193.)
profit on Lehigh Coal
185,626
240,742
325,666
Delaware d Hudson—This company, which is
Royalty on coal mined b}r lessees
6.076
among
the
largest
miners
7,573
7,209
and carriers of coal, leases the Alb. & Susa. and
Rensselaer & Saratoga Revenue from rents
33.728
35,660
31,973
railroads. Also endorses bonds of N. Y. A Canada RR. The
Miscellaneous receipts
stock is
7,737
13,316
4,824
to be increased to $30,0j0,000 to
pay off bonds maturing in 1884 and
1891. To shareholders of May 24,
Total
1883, there was allotted 35,ooO
$1,609,676 $1,875,592 $1,939,212
shares to be paid for at par. The annual
DISBURSEMENTS.
report for 1882 was given in
Y. 36, p. 193.Comparative statistics for four
General and legal expenses
years:
$51,792
$59,101
$K2,892
Rent and taxes Nesquehoning Yal.RR
INCOME ACCOUNT.
97,050
97,050
97,050
Rent and taxes Delaware Div.'Canal
1879.
1880.
1881.
125,438
1882.
120,330
102,356
Taxes
Receipts—
to
chargeable
canals
$
$
2,568 j
$
$
Sales of coal
^5,764,477 7,210,524 9,328,763 8,993,540 Taxes chargeable to coal & coal lands
42.983 f
Canal tolls.
Taxes
on capital stock
70,147
41,025
74,648
42,810
22,725 f
58,400
60,007 Taxes on landed
Miscellaneous profits
91,408
93,516
property & impr’ts.
12,876 J
243,537
187,363
Coal on hand (Dec. 31)
Interest account
535,264
727,283
Railroad earnings in Penn.
Profit on leased lines
Interest
on
investments...
Balance
595,663
561,948
345,075
805,914
326,635
312,243
301,858
630,643
Total
Disbursements—
Coal on hand Jan. 1
7,985,118
$
673,651
Mining coal
3,003,893
Coal transportation, Ac...
641,951
Canal freight and exps.... 1,764,195
lutereet
1,234,449
Taxes and miscellaneous
350,916
.
Loss on leased railroads...
Balance
Total
316,059
7,985,118
492,924
812,455
8,465
249,497
8,948,327 l_l,083,o47 10,894,251
$
$
535,264
727,284
345,075
3,171,369 3,985,304 4,422,213
596,827
755,331
798,701
1.568,245 1,737,979 1,680,192
1,343,973 1,374,784 1,312,083
366,578
400,401
407,756
14,642
1,351,429 2,102,464 1,838 201
8,948,327 11,0d3,547 10,804,251
GENERAL BALANCE AT CLOSE OF EACH
FISCAL YEAR.
Assets—
1879.
1880.
$
$
1881.
1882.
$
$
Canal, Ac
6,339,210 6,339,210 6,339,210 6,339,210
Railroad and equipment.. 6,220,669
6,414,759
6,456,258 6,581,070
Real estate
8,795,657 8,846,316 9,027,804 9,044,17'
Mines and fixtures
2,699,590 2,713,957 2,729,311 2,751,236
Coal-yard, barges, Ac
720,487
746,791
690,397
683,185
Lack. A Susquehanna RR.
1,022,293 1,022,938 1,022,938 1,022,938
Albany & Susquehanna...
1,074,808 1,008.787
New York & Canada RR.. 3,597,074
3,597,074 3,597,074 3,597,074
Cherry Yal. & Sharon RR.
300,000
300,000
300,000
300,00o
Meehan. & Ft. Edward RR
16,146
48,296
8cheu. & Meehan.
RR
hand Dec. 3.1
535,264
Advances to leased lines..
368,773
Advances on coal royalties
605,326
Miscellaneous assets
4,480,701
Telegraph and Car Co....
69,410
Coal
.
on
Supplies
on
hand
878,000
Cash and bills receivable.. 3,140,116
Profit and loss
1,208,726
727,283
608,894
613,181
4,294,706
69,410
962,130
3,785,656
200,773
210,922
345,075
492,924
400,015
637.605
615,514
625,073
2,985,349 *3,658,429
69,410
69,410
1,148,322 1,408.449
3,884,088 2,609,203
Total assets
^4^9^304. 41,041,614 40,9o2,484 41,087,966
Liabililies—
$
$
$
$
Stock
20,000,000 20,000,000 20,000,000 20,000.000
Bonds
19,837,000 19,837,000 18,843,000 18,763,000
Miscellaneous accoimts...
1,144,301 1,003,827
823,053
836,899
Profit and loss
-
932,231
915,039
942,973
$1,287,664 $1,261,668 $1,279,919
$322,011
Surplus
$613,924
$659,293
The balance to credit of dividend fund Deo.
31.1880, was $194,236;
Dec. 31, 1*81, was $471,445; Dee.
31, 1882, was $535,457.
The President's report for 1882 said:
“During ths
an opportu¬
nity occurred of purchasing a coal property known year
as the
Kentucky
Bank Lands, situated about five miles west
of Tamaqua.”
*
*
“ The
purchase covered 884 acres, whicn cost $222,089
60, about the amount
which our sinking fund receives in three and a half
years from a oharge
of ten cents per ton of coat mined.
By the operation of this charge the
valuation of our coal lands, which stood ou our books
Jan.
$5,874,196 27, being at the rate of $816 per acre for 7,2011, 1873, at
acres, has
been reduced, so that, including the Kent and
McIamiti purchase in 1874
of 175 acres, and the
Kentucky Bank Lands, and deducting 207 acres
as worked out, which is a full
allowance for the lands exhausted
by
mii ing iu the last ten
years,we had Jan. 1,1883, 8,053 acres of
equally
valuable laud charged at $5,8L6,058
22, or $722 per acre.
“In order to secure for the
Lehigh & Susquehanna Railroad the coal
tonnage from the Lehigh Luzerne Coal Company’s lands, which was
about to pass under the control of another
railroad
a loan of
$75,000 was made, secured by the transfer of elevencompany,
thousand shares of
stoc k, being 55 per cent of the total issue.
The loan is for three
years,
but the tonnage from these lands is
perpetually
bound by contract to
pass to market over our lines of railroad.”
*
*
*
“Daring the past
year the extended debenture loan of $106,190
76, the convertible de¬
benture loan of $41,550, and the Greenwood first
mortgage loan of
$140,060, amounting in all to $287,740 76, were paid
at maturity.
These payments, and the purchases and loans
above rocited, necessi¬
tated some increase of the
floating deb , which, after
assets, now amounts to about $1,000,000;
holds $740,000 of its consolidated 7
deducting cash
against which this company
percent bonds, $306,000 Delaware
Division Cana! Company’s bonds, and
18,901 shares of its own stock.”
-(V. 34, p. 229,604; V. 36, p. 219, 652.)
Morris— Leased April, 1871, to
Lehigh Valley Railroad for 999
years.
The lessees assume bonds and scrip, and
pay 10 per cent per
annum on pref. stock and 4
per cent on consol, stock.
Pennsylvania.—Worked in interest
guarantees interest
on
bonds.
of Pennsylvania
Railroad, which
An old mort. of $90,000 is due in
1887
Earnings in ’82, $381,033; net, $127,292; interest, taxes, Ac., $205,987
loss, 78,694; earnings in 1881, $370,405; net, $107,793;
interest, Ac.,
$185,115.
Schuylkill Navigation.—Denied from June 1, 1870. to
Philadelphia <fe
200,786 1,236,431 1,488,087 Reading for 999 years. Rental received in 1882, $357,085.
In 1880 the
Total liabilities
lessees
defaulted
on
the
rental and propositions made by the
40,981,301 41,0 1,614 40,902,484 41,087,^86
Receivers
*
of
the
Phila.
A
RR. to purchase coupons aud dividends on cer¬
These miscellaneous assets include the
following: Jefferson RR. tain terms wereReading
carried
out.
In March, 1883. the proposal from
bonds (85), $85,000; Albany & Susquehanna consols
Phila.
(1.701), $1,701,000; A Reading to merge this
company by giving one share of Phil. A R.
sundry bonds $64,538; 8,540 shares Albany A Susquehanna,
stock for two of 8. N. preferred and one share
$854,000;
8.241 shares Rensselaer A Saratoga, $824,100;
of F. A R. for four of 8. N
sundry stocks, $129,791. common was rejected. (V. 34,
p. 202 ; V. 36, p. 194. 332.)
—(V. 34, p. 176, 262; V. 35, p. 51; V. 36, p. 139,
193, 426, 535; Y. 37,
Susquehanna. - Leased and operated by Philadelphia A Reading Rail,
p. 23.)
road tor interest on bonds and half of net.
earnings. The stock Is ex¬
Lehigh Coal d Navigation.—The Central Railroad of New
Jersey changed tor Phila. A Reading, two of canal stock for one of
B8umes (in purchase or
equipment) $2,310,000 of the gold loan due Dec. 31, 1*8-\ the
floating debt was 507,681. (V. 36, p. 561. Reading*
1897 and leases the Lehigh & Susquehanna Railroad. The
Union.— Stock, $2,9o9,»50.
Lehigh A
Ixxii
MISCELLANEOUS
Subscribers will confer
a
great |avor
DESCRIPTION.
explanation of column headings, &c.,
first page of tables.
'
or
par
outstanding.
Value.
100
25
100
100
1874
.Canton Improvement—Stock
18,000,000
3
6
300,000
800,000
4,720,815
2,148,000
1,000
100*
Sterling bonds (sirking fund one-fifth of land sales)
Mortgage bonds, gold, sixes (for $2,500,000)
•Central New Jersey Land—Stock
1873
£200
1874
1,000
1880
1864
1872
International Ocean Telegraph--Stock
Iowa Rli. Land Co.—Stock
Iron Steamboat Company— Bonds
1881
Mariposa Land d Mining—Stock
Preferred stock
Mortgage bonds
1875
Maryiuna Coal—Stock
Bonds
Mexican Telegraph—Stock
Mutual Union Telegraph—Stock, guaranteed
1st mortgage bonds, gold, yuar. by West. Union
New York & Texas Land < Limited)—Stock
Land scrip receivable 75 per cent for lands
1,000
3,500,000
100
10,250,000
270,000
752,000
1,000
1,000
100
500,000
‘ioo
3,000,000
4,4,17,000
500,000
500
100
100
2.;0,000
100
4,400,000
1,000
161.000
100
1.194,000
2,500.000
1,(8>0
§6
7
When
Where Payable, and by
Pay’ble
Whom.
8g.
Dividend.
N. Y., Company’s Office.
N. Y., West. Union Tel.
S. N. Y., 110 Broadway.
Q-M.
Q-M.
M. &
*J.
J.
&
J.
& D.
N.
Stocks—Last
Y., Company’s Office.
June 1.
June 1,
Is-
July 2, 1883
8ept. 10, 1883
Nov.
Boston, Office,
12, 1872
June, 1884
do
J. &'*J. London, Brown S. & Co,
J. & J.
New York or London.
7
6
6
3
1
6
F. & A.
Jan.
Jan.
no
N.Y.,Office,47William St
N.Y., Co.’s Office, 71 B’y
Jan. 27, 1882
& * J.
do
do
Jan., 1885
& J.
do
do
Jan. 1. 1897
A. & O.
New York, Office.
Oct. 15. 1875
J. & J. N. Y., West. Union Tel. July 1, 1883
Boston, Treas. Office.
May 1, 1883
Q,—F.
J. & J. N. Y., Mercantile Tr. Co. July 1, 1901
J.
J.
J.
& J.
J.
& ’ J. N.Y.,
New York.
Jan. 1, 1886
Jan. 1, 1876
Nov. 1, 1906
1*8
7
4.
3
6
M. & N. New
Company’s Office.
Jan., 1883
York, 1st Nat. Bk.
(?)
May l, 1911
6,000,(MX)
information.
Cove, England, and Dover Bay, Nova Scotia. The stock of $10,000,000
partly paid up, and in April, 1882, a poolin »* arrangement was
was
made with the other cable companies for 38 years,
by which this com¬
cent of combined reveuues while both its cables
working and 12^3 per cent if only one is working. Then this com¬
pany’s cable was leased to Western Union for 50 years, with a guaranty
of 5 per cent per annum on the stock, increased to $L4,000,000. There is
also a reserved stock of $6,000,000 in trust to be issued if a cable is laid
between Brazil and the United States.
(V. 34, p. 548,662; V. 35 p.
373.)
mortgage bonds for $200,000.
1900
pany guarantees also 2d mortg. bonds of the Cumberland & Pennsyl
vania, and assumes $135,000 of the Union Mining Co.’s bonds.
The
total bonded debt on lands and railroads is $2,522,500. (V. 34, p. 290.)
International Ocean Telegraph Co.—The Western Union Co. operates
the line by contract for 99 years from Jan. 1,1882, paying 6 per cent
per year on stock.
are
are
1, 1904
1, 1904
Jan., 1875
322.515
Express.—No reports;
1883
1883
Sept. 10.1877
scrip.
5,000,(XX)
1,500,000
50
American Telegraph & Cable Co.—Owns two cables between Sennon
American Coal.—There
Bonds—Y rijuoi
pal,When Due
5,000,000
1,000
Debentures, registered
receives 22 Lj per
discovered In these Tables.
error
s.
7
10,000,000
100
1S81
io
717,875
495,000
539,000
2,400,000
4,000, <00
10,000,000
100
100
100
:..:
2
2h
2^
50
Mortgage bonds (for $2,800,000)
pany
Rate per
Cent.
14,000.000
1,500,000
2,400,000
"l0
[Vol. XXXVIL
INTEREST OR DIVIDENDS.
$100 $12,000,000
5 by West.U
Central & South American Telegraph—Stock
Colorado Coal d Iron—Stock
1st consol, mortgage, gold
Consolidation Coal of Maryland—Stock
1st mortgage (convertible)
1st mortgage, consolidated, convertible
Cumberland Could Iron—Stock
BONDS.
Amount
Size,
Adam g Express—Stock
A.dams
AND
bj giving immediate notice of any
Date
of
see notes on
Bonds
Amer. Tel. d Ca ble—Stock ($20,000,000) guar.
American Coal (ATarv/and)—Stock
American District Telegraph,—Stock
American Express—Stock
Bankers' & Merchants' Telegraph—Stock
Boston Land—Stock
Boston Ha ter Power—Stock
STOCKS
Iowa
Railroad
March 31, 1883.
total
Land.—The
land
owned
was
(V. 35, p.-78 ;V. 36, p. 707)
Iron Steamboat
65,328
acres
Co.—Property consists of seven iron steamboats
Stock, $2,000,000.
Bonds and stock listed in Juno, 1882.
Mariposa Land d Mining.—There are outstanding only 15.000 shares,
No annual the
balance being owned by company. Litigation is in progress. (V. 34,
report has recently been published. The annual report for 1880 gave
the following information:
Total assets December 31, 1880—Lands and real estate at mines,
$1,542,365; real estate at Jersey City, $100,710; mine improvements,
$15,019; cash, $35,414; wharf improvement at Jersey City, $6,315;
personal property at mines, $31,219; personal property at wharves,
$3,607; bills receivable, $16,323; accounts, $107,177; canal boats,
$17,000; value of coal on hand, $24,712; office furniture, $513; Chesa¬
peake & Ohio Canal bonds, $8,000; C. & P. Railroad stock, $1,000; G. C.
&C. Railroad stock, $160,000; total, $2,069,377. Directors: James A.
Alexander, John P. Moore, Sidney Wintringham, Gardiner Lloyd, Ben¬
jamin Williamson, Richard 8. Grant, William J. Boothe, A. J. Akin.
David Stewart. Gardiner P. Lloyd, President; George Sherman, Secre¬
tary aud Treasurer. (V. 32, p. 287.)
p.
291.)
*
American District Telegraph.—No information has been furnished by
this company. Notice was given of an increase in stock to $3,000,000,
the par of shares to be raised to $100. (V. 34, p. 203,230,459, 573; V.
35, p. 455.)
Bankers' d Merchants' Telegraph— Organized March 23, 1881, under
laws of New York State. Authorized capital. $1,000,000. Route from
New York City t» Washington, via Philadelphia. Net income reported
about $30,750. Wm. W. Mans, Pres’t. Philadelphia.
(V. 35, p. 706; V.
37, p. 151, 167,)
Boston Land—The capital stock of 80,000 shares of the par value
of $10 each, or $800,000. Operations of the company and assets Jan •
1, 1883, shown in the annual report in V. 36, p. 107.
'
36, p. 107.
(V. 34, p. 175
V.
Boston Water Power—The shares have
strictly no par value. There
85,833 shares called “ proprietary” shares, or the number into which
the property of the company is divided. The assets consist mainly of
lands on and near “Back Bay,” in Boston, put in the company’s report
at a valuation of $4,428,141.
(V. 34, p. 488.)
are
Improvement—The annual report for the year ending May 31,
1882, is in V. 3o, p. 130. A brief history of the company was in V. 30,
p. 117. The company owned the stock of the Union RR. Co. and guar¬
Canton
anteed its bonds, but sold this stock ($600,000) to the Northern Central
RR. in April, 1882. for $594,000. The Union RR. sinking fund of
$689,885 remains the property of Canton Co.
196, 520; V. 35, p. 1 30.)
(V. 33, p. 99; V. 34, p.
Central New Jersey Land Improvement.—'The statement for two year
ending December 31.1881, showed total receipts in 1880 of $72,666
and in 1881 of $94,255. The balance sheet December 31,1881, gave
the following values of lands owned: Newark lands, $375,738 ; Bergen,
$575,850 ; Elizabeth, $164,950; Westfield, $26,307; Fanwood, $478,408;
Plainfield, $339,456; Duuellen, $346,148; Somerville, $77,861; Clinton,
onds and
ft,780;
Bloomsbury,
$1,088;
total, $2,416,935.
mortgages,$26,345;
$33,890; Phillipsburg,
laud contracts,
$12,282.
Central d South Am. Telegraph.— Line from VeraCruz, Mexico, to
Lima, Peru, with branches. 3,160 miles of cable and 300 miles of land
lines. Completed November, 1882. Connects at Lima with West Coast
Tel. Co. of America, having 1,700 miles of cable to Valparaiso, and at
Vera Cruz with Mexican Telegraph Co. Stock is $5,000,000, no bonds.
James A. Scryinser, Brest., N. Y.
Colorado Coal d Iron.—This company, with
headquarters at Colorado
Springs. Col., was a consolidation Dec. 13, 1879, of the Central Colorado
Improvement Co., the Colorado Coal & Steel Works, and the Southern
Colorado Coal & Iron Co. The company is controlled by Denver <fc Rio
Grande Railroad parties. Stock is uon-assessable. Gross receipts in
1882 were $4,111,522; net, $445,785, not including land sales. A
report was in the Chronicle, V. 36. p. 650. President, W. J. Palmer.
—<V. 34, p. 48 75 V. 35, p. 486; V. 36, p. 650..)
Consolidation Coal.— The annual report for ’82 contained the following:
The gross receipts from mines, railroads, reirtts,
1881.
1882.
«fec., (incl’g value of st’ckof coal on hand) were. $2,417,794 $1,714,213
Tot. expen’s of every kind (excl. of int. & sink, fd.,
but incl. steel rails & all extraordin’ry outlays) 1,982,458
1,637,601
Net receipts
$435,335
t-*Consohdated mortgage bonds are held to retire old bonds.
$76,612
This
con.*.
Maryland Coal Co.—See annual report for 1882 in Ciibonicle, V. 36,
p.
705.
Mexican
Telegraph.—Galveston to Tampico and Vera Cruz; land line.
Vera Cruz to Mexico City. Has exclusive right for 50 years for all
foreign telegrams to Mexico, except telegrams to and from a neutral
zone on the U. S. border 156 miles wide, between the Gulf aud Pacific
Ocean. Jaa. A. Scrymser, Prest., N. Y.
(V. 36, p. 140.)
Mutual Union Te’earaph—Organized under New York* State laws.
Stock was
$600,000 and afterward increased to $10,000,000. In
Feb., 1883, a lease to Western Uniou for 99 years was agreed to at l1^
per cent yearly dividends on the stock and interest on the bonds. May
5, 1883, it was vot<*d to reduce the stock to $2,500,000 with 0 per cent
per annum dividends.
(V. 34. p. 205 231 292, 336, 366, 604, 637; V.
35, p. 22, 189, 393, 516, 545, 576, 637, 658; V. 36, p. 30, 162, 197, 252,
358, 399, 510, 537.)
New York d Texas Land—This, company owns the lands granted to the
International and Houston & Great Northern railroads, about 5.000,000
acres, which were given in settlement to the holders of convertible and
second mortgage bonds. Each holder of a $1,000 second mortgage or
convertible bond and impaid coupons, or purchasing committee certifi¬
of the International and Houston & Great Northern railroad
$300 stock and $1,200 land scrip of this Company. (V. 36,
p. 536.)
New Central Coal (Md.).—T\\e annual Foport for 1882 was published
in the Chronicle, V. 36, p. 706, showing net profits of year, $12,425;
aud balance to credit Dec. 31, 1882, $274,914. (V. 36, p. 706).
cates,
receives
New York d Straitsville Coal d Iron.—Has
admitted to New York Board April, 1880.
$300,000 bonds.
The stock
Northwestern Telegraph—This company owns 8,000 miles of wire and
is leased to Western Union for 99 years, with guaranteed dividends of
4 per cent at first, rising one-eighth per cent a year to 6 in 1897 and
afterward. The bond interest is guaranteed. (V. 33, p. 358.)
Oregon. Improvement Co.—'This compary owns $3,000,000 stock of
the Seattle Coal & Transp. Co.; $575,000 stock of the Columbia <fc Puget
Sound RR.; $1,969 000 stock of the Pacific Coast 8. S. Co.; 170,000
acres of land, aud other real estate.
(V. 36, p. 253.)
Pacific Mail Steamship— In February, 1880 an agreement was
made between this company and the Pacific Railroads, by which the
railroad company gave to the steamship company a monthly subsidy
of $110,000.
In November, 1881, it was terminated, and in Feb., 1882,
the amount was made $95,000 per month, and six months’ notice is
required to terminate the agreement. On April 30, 1883, the com¬
pany’s liabilities were $1,295,-88, which included $1,013,528 loausdue
to Panama RR. Co.
Report for 1882-83 in V. 36, p. 621.
Tne following is a statement of the earnings and expenses for the
years ending April 30,1881,1882 and 1883:
.
EAKNINGS.
1880-81.
Atlantic Line
Panama Line
Victoria Line
Trans-Pacific Line
Australian Line
Austral’n&N. Zea’ld subsidies..
Cent. Am. <fc Mexican subsidies..
British Columbia subsidy..
Hawaiian Government subsidy.
Interest and divs. on investm’ts.
Miscellaneous
Exchange
Total
Expenses
Net
1881-82.
1882-83.
$745,344
1,950,507
80,887
973,472
307,073
203,550
$693,065
1,675,777
$799,767
1,844.462
1,058,370
334,870
99,416
4,222
3,000
90,463
715,732
353,200
173.980
1O2.8L0
12,897
18,2 k 5
4.050
$4,402,647
3,172,705
$L,229,942
earnings
(V. 34, p. 178. 625. 635 ; V. 36, p. 62 I).
208,931
8,000
13,663
37,698
3,876
5,500
17,941
27,766
61,616
$4,124,713
3,223,036
$4,102,764
$901,677
$9L2,257
3,190,507
August, 1888. J
MISCELLANEOUS STOCKS
Subscribers will confer
a
great favor
AND
BONDS.
by giving Immediate notice of
any
error
DESCRIPTION.
For explanation of column
headings, &c., see notes
page of tables.
Date
on
first
of
Size, or
Bonds Value.
Outstanding
$100
$5,000,000
Few Gentrat Coal—Stock
New Yor/c A Straiisville Coal A Iron—Stock
100
Northwestern Tetegraph—Stock
Bonds, interest guaranteed
Oregon Improvement Co.—Stock
1st mort., gold, sinking fund
Pacific Mail Steams ftip—Stock
1880
2,500,000
Too
5,000,000
1,000
Pennsylvania Coal—Stock
Bonds, debenture
Bonds,
.
sterling debenture,
convertible till April, 1881
Quicksilver Mining—Common stock
Preferred 7 percent stock, not cumulative
Railroad Equipment Co.—Stock (for
$1,500,000)
Coupon bonus. (See remarks below.)
St. Louis Bridge A Tunnel
EE.—Bridge stock, common
1st preferred stock, guar..
'.
2d preferred stock,
guar
1st
mortgage, new, sinking fund
-
Tunnel PR. of St. Louis, stock,
guar
Southern A Allantic Telegraph,—Guaranteed stock
Spring Mountain Coal—Stock, guar. 7 per ct.
by L. V
Sterling Iron A Railway.—Stock
Mortgage bonds, income, series “B”
Plain income bonds
Butro Tunnel—Stock
Mortgage bonds (for $2,000,000)
..
1872
1872
1878
1875
Real estate
1879
1880
1870
1,000
at
a
Operat’g expenses (leased lines incl’d)
Maintenance of upholstery, Ac
Prop’nof expenses, Ac., other assoo’ns
Rental of leased lines
Coupon interest on bonds
Dividends on capital stock
Profit and loss
Total disbursements
Net result...:
Balance of account for rebuilding, &c.
100
J.
1,000
1,373,000
1,000
3,920,000
l
«■
941.382
6
er.
339,321
636.777
768,310
175,499
917,308
774,566
33,623
Balance of surplus for the year
740,943
Paid 1*2 per cent extra dividend Oot. 1,1882.
(V. 34, p. 20, 62, 115, 147 ; V. 35, p. 298, 319.)
2,014,442
981,054
981,054
1,139,672
128,136
1,011,536
Quicksilver Mining.—Bonds
paid off July, 1879. The preferred stock
is entitled to 7 p. ct. per annum, not
cumulative, and any surplus goes
to the common and preferred equally. (V. 32,
p. 336; V. 33, p. 178.)
Railroad Equipment Co.—ThiR
company leases equipment to railroads
,cn the “Car Trust” plan, taking obligations of the
railroad companies
not over ten years at the utmost, which cover the
principal and
interest of the special series of bonds issued
by the
Co.
running for similar periods. The title remains in theEquipment
lessor till last
payment is made, and then vests in the
purchasing railroad. In the
meantime the title is held intrust for
bondholders and the bonds are
virtually a mortgage on the rolling stock, till paid off.
‘running
St. Louis Bridge A Tunnel
Railroad.—The railroad and tunnel were
sold. under the mortgage of lo73,
July 1,1878. Foreclosure under the
first and second mortgages on the
bridge was made Dec. 20, 1878.
On July 1, 1881, the bridge and Tunnel
Railroad were leased to the Mo.
Pacific and Wabash St. Louis A Pacific for the
term of their cor¬
porate charters.
Of the stock $2,490,000 is 1st
preferred, which
s guaranteed 5
per cent till January, 1885, and then 6
per cent;
$3,000,000 2d preferred, which is guaranteed 3
per cent, per annum,
the
first semi-annual payment
being July 1, 1^84: and $2,500,000 common. The common stock was hold
by the London Reorgani¬
zation Committee., and under the lease was
transferred to Mercantile
TruHt Company of N. Y. with power to vote thereon.
The Tunnel Rail¬
road stock is guaranteed 6 per cent
per annum.
(V. 34, p. 86.)
Spring Mountain Coal Co.—This is guaranteed 7 per cont
per year till
1885 by Lehigh Valley Railroad.
Sterling Iron A Railway.—'The
property of this company, In Orange
a few acres in Rockland) consists of
25,000 acres of
laud, with furnaces. Ac., having a capacity of 15.000 tons
of pig iron
per year, and 8*2 miles of railroad, houses, Ao.
The company endorses
the $471,674 bonds of the
Sterling Mountain RR. A. W. Humphreys,
President, 42 Pine Street, N. Y.
County N. Y., (and
Sutro Tunnel.—Tunnel on Comstock Lode for
ations. (V. 30, p. 249 ; V. 34, p.
452; V. 36, p.
United States Express.—No reports.
facilitating mining
358.)
oper¬
April 1, 1928
1, 1884
April, 1883
June 11,1883
Jan.
April 1, 1894
13t
London.
Q.-F.
Jan. 1, 1891
New York, Office.
8. New York and
Loudon.
New York, Office.
A J.
New Yoru, Office.
Q.-J.
M. A N. N. Y., Union
Trust Co.
M. A N. N. Y., Treasurer’s Office
M. A S.
London,
Aug. 15,
1883
(?)
July 16. 1883
July 16, 1883
July 15, 1902
July 16, 1900
so
stopped its oppo
agreed
1882
a
guar¬
$10,000,000 stock, raised
*
"
-
The statement for the quarter
.
quarter lu
:
1882.
bonds.. ..$107,211
on
20,000—
Net income for quarter
Dividends, 1*2 in
1882
in 1883..
Surplus for quarter
.
-—1883
,
$1,675,692
127,211
$106,700
2e,oOO—
$1,548,481
126,700
$1,598,300
1,199,772
1.399,750
$348,709
Add surplus April 1
k
$1,725,000
$lo8,550
3.315,531
3,545,242
8urplnsJune 30
$1,664,240
$3,743,793
From the annual report
published in the Chronicle, V. 35.
405, the following was given for the fiscal
p.
year ending Jure 30 1882.
The revenues, expenses and
profits wero as follows:
-
1881-82.
Surplus at beginning of year
Gross revenues of the 3 ears
$103,255
14,060,808
$17,241,423
$14,464,061
9,996,095
8.420,165
$7,215,328
$3,043,896
$4,798,473
$3,732,633
end’g Juno 30.
Total income.
Expens's (Insirdmg leased 11
taxes)
*e
rentals and
Net income.
From which there was applied:
For dividends
For in rerest on bonds
For sinking fund appropriations
Total
427 091
-*0,09 7
..■
Leaving
Const’n
new
lines A wires, toleg. stocks, Ac.
Balanoo..
1880-81
$$127,258
17,114,165
$5,265.662
$1,979,660
315,425
4.7,455
40.'05
$1,200,094
$1,843>02
1,716,512
$1,664,24 L
$127,260
In 1881-32 the amount
($315,125) charged for new linos, Ac., was for
the first quarter only, but in tlnv
previous year, 18S0-8., the expenses
for now lines, Ao were
charged during the who e year against not
earn¬
ings, and amounted, as shown above, to $
,716,542; if t lie same
had been charged in
1881-82, the balance for the year as aboveamount
given
would appear as $1,401,117 less or
$263,124.
This balance, together with the b
dances of previous years, is
resented in the profits and
rep¬
disbursements of the company, for sixteen
years, from the date of the general
consolidation—July
i.
1866.
The
general exhibit of the company showed the nominal
surplus to June 30,
1882, of $18,508,974, out of which the stock
dividend
was
declared in
1-81 to the amount of
$15,526,590, leaving a nominal balance of
$2,982,384.
The
,
following statement shows
the
mileage of linesand wires, number
of offices, aud traffic of the
company, for each year from June 30,
to June 30. 188- :
1866,
Years.
.
Line.
Wire.
37,380
46,270
50,183
52,099
54,109
56,032
62,033
65,757
75,686
85,291
Officer.
2,250
sages Sent.
Receipts.
Receipts.
$
$
1866-67..
2,565
5,879,282
United States Rolling Stock Co—The
6,568,925 2.624.919
assets, Dec. 31, 1881, amounted 1867-68..
97,594
3,219
6,404,595
to $4,058,470 in locomotives and cars, and total
7,004,560 2,641,710
including shops, Ac., 1868-69..
104,584 3,607
7,934,933
$5,635,496. The net income in lb81 was $329,771
7,316,918 2,748,801
1869-70..
over all
112,191 3,972
charges.
9,157,646
7,138.737 2,227,965
Wells, Fargo A Company Express.—An increase in
1870-71..
121,151 4,606 10,646.077
capital to $6,250,- 1871-72..
7,637,448 2,532,661
0G0 was made in 1879.
137,190 5,237 12,444,499
8,457,095 2,790,232
1872-73..
Western Union
Telegraph.—On the practical consolidation with the 1873-74.. 71.585 154,472 5,740 14,456,832
9,333,018 2,757,962
Atlantic A Pacific in 1878 the Western Union had
175,735
6,188
16,329.256
9,262.653 2,506,920
a
of tele¬ 1874-75..
72,833 179,496 6,565 17,153,710
graphing business in the United States. In 1879 the monopoly
9,564,57 1 3,229,157
American Union 1875-76..
73,532 183,832 7,072 18,729,567
opposition liue was started under the auspices of Mr.
10,031,983 3.399,509
Jay Gould. Tlie 1876-77..
Western Union Co. dividedkip its
76,955
191,323
7,500
21,158.941
surplus stock, making a scrip dividend 1877-78..
9,812,352 3,140,127
81,002 206,202 8,014
of 17 per cent to stockholders of
record June 20, 1879. On Jan.
23,918,89 4
9,861,355 3,551,542
19, 1878-79..
82,987 211,566 8,534 25,070,106
1881, was dated the grand consolidation, in which the
10.960.610 4.800,4 10
Western Union 1879-80..
85,645 233,534 9,077 29,215.509
raised its stock to $80.O00,0Ou. living
par. or $15,000,000. for the stock
12,782,so 1 5,833 917
18*0-81.. 110,340 327,171 ! 10,737
and bonds of the American Union; 60
per cent for old Atlantic A Pacific
,908.279
1881-82.. 131.060 374,368 12.068 32,500,000 14,193.5*3
stock was given in ixaw Western Union; and a
38.812,2^7 17,114,16 * 7.118,070
stock distribution of 38
—(V.
34. p. 292, 336. 366, 399, 575. 6*8;
per cent to Western Union shareholders. An
V.
3'*,
injunction was obtained 4.*1.427 546. 5“9, 699.
against the stock distribution und litigation
737, 764; V. 36, ] . 82, 162.
ensued, and after a
197, 254,313
to
x
ending July 1,1883 (partly
estimated),
follows, compared with the actual figures for
same
Sinking funds
2,597,866
July 1, 1883
July 1, 1884
Oct. 1, 1896
$14,000,000.
148,427
870,937
20,995
New York.
$10,000,000, and
sitiou, but disegreemeut followed until,
in Feb.,
Net revenues
Deduct interest
169,043
May, 1882
May, 1833
1883, a lease was
upon. The Western Union also leased the
American Cable, with
antee of 5 per cont
per annum on its
207.156
264,000
Aug. 15, 1892
Oct. 15, 1888
April 1, 1885
May, 1882
Morton. R.ACo March 1. 1900
cision at first m favorof the
Western Union, the stock dividend
was
afterward in November, 1882, declared
illegal by the General Term
of the New York
Superior Court; actions were
subsequently begun to
restrain the payment of dividends, Ac.
For the details of the
sec references to the
litigation
Chronicle below.
In March, 1882. Jay Gould and
associates obtained a
Mutual Union Telegraph stock of
majority of the
was as
1,860,902
Feb.
4
3,737,538
482,166
7*
6
Sept., 1868
May 1, 1883
Aug. 15, 1883
Feb. 15, 1887
Various.
A J. N. Y., Drexel,
M. A Co.
A J.
do
do
A O. New York and London
A J. N. Y., Drexel, M.
A Co.
A. A O. N.Y., West. Union
Tel.
J. A D. N. Y.,
Company’s Office.
6,250,000
80,000,000
582,231
Dividend.
M.
,T.
J.
A.
J.
M. A
£100 Ac
do
do
Q-F. N, Y., Clark, Post &
do
Quar’ly
do
1
2,995,496
472,876
312
do
’
Lond’n, J.S.MorganACo
1*4
2,815,986
191,867
212
do
do
do
5,000,000
2,635,468
132,600
264,000
N. Y., Ill
Broadway.
N. Y., Farm L. A T. Co.
Too
16 p. c. divs. paid.
works stock was issued at
139,134
179,136
264,000
168,979
3
Stocks—Last
Jan. 15,1881
April, 1880
Jan. 1, 1883
Jan. 1, 1904
Mar. 15, 1883
J. & D. N. Y., Farmers’ L.
AT. Co Deo. 1,
1910
600,000
7,000,000
Pullman Palace Car.—For extension of
par to stockholders in 1881, and $2,523,600
more was offered to
stockholders of record on Feb. 18, 1882,
making total stock as above
when all issued. Annual
report V. 35, p. 319. The income account for
three years was as follows:
*
1879-80.
1880-81.
1881-82.
Revenue—
$
$
$
Total revenue
"Disbursements—
1*2
7 g.
pal, When Duo,
New York, Office.
M’ntlilv
New York.
J. & J. N. Y.,West. Un.
Tel. Co.
J. & J.
do
do
495,575
18,920,000
minimum, and
2,051,300 2,355,267
Proportion of earnings other assoc’ns.
527,903
481,573
Patent royalties and manuf. profits...
14,022
145,547
Profit and loss
42,213
13,109
6
948,000
1.500,000
2,300,000
418,000
ioo
.Earnings (leased lines included)
Where Payable, and by
Payable
Whom.
10
1879
1872
40o.
$(»
2^2
1865-0
*25
<.
bonds, gold, sinking fund
5,708,700
4.291.300
900,000
4,102,000
2,500,000
2,490,000
3,000,000
5,000,000
1,250,000
1,000
50
50
500 Ac.
2
Bonds—Princi*
When
2
8
8
7
7 g.
49.500
1,000
*'
Bonds, coup, or reg., conv. till May, ’85, sink. fd. 1
p. ct. 1875
Sterling bonds, coupon (sinking fund 1 p. ct. per annum)
1875
Pennsylvania Coal.—Liabilities
£100
100
100
ioo
100
:
gs-
820,000
941,000
1,000
100
;
United States Rolling Stock—Stock
Wells, Fargo A Company Express—Stock
Western Union Telegraph—Stock
1,000
1,000
:
3^
4,916,000
20,000,000
5,000,000
12,574,400
445,000
100
Var’s.
2
1
2
7 g.
1,180,000
100
50
100
Pullman Palace Gar—Stock
Bonds, 3d series
Bonds, 4tli series
Rate per
Cent.
1,500.000
50
discovered In these Tables.
INTEREST OR DIVIDENDS.
Amount
Par
lxxiii
„
.
de-1 358, 427, 575,6705
r
RAILROAD EARNINGS. [Vol. xxxvn.
BANK AND INSURANCE STOCKS AND
lxxiv
Capital.
COMPANIES.
Net
Dividends.
Surplus
Capital.
at latest
Mkd. thue(')
Par Amount.
are not Natl.
dates.t
Period. 1881. 1882.
Latest.
America*..
Am. Exck.
Bowery
.
....
Broadw ay..
Butch’s’AtDr
25
100
100
25
100
25
100
100
100
100
25
25
100
100
100
100
30
50
50
75
100
100
25
100
Central
Chase
Chatham....
Chemical...
Citizens’
82033811
City
Commerce..
Continental.
CornExeh *.
East River
11th Ward*.
.
Fifth
Fifth Ave*..
First
Fourth
Ful ton
Gallatin
Gartield
....
Germ’nAm.*
Germ’n Ex.A
Germania*..
Greenwich*.
Hanover....
Home
lmp.&Trad.
2,000,000
1,000,000 1,80',‘.00 M. & N.
5,000,000 3,212.900 J.
285,800 J.
1,000,000
1,000,000 1,017,(300 F.
109,(300 J.
250,000
43.100 J.
100,000
138,200 J.
150,000
100,000
July 1,
,
(300 0 00
1,00(^000
200,000
750,000
200,000
200,000
200.000
1,000,000
Ac
Si
Ac
&
Ac
Si
J.
J.
A.
J.
J
J.
6
100
LOO
300.000
100
100
25
25
Mercantile.. 100
Merchants’. 50
Merch. Ex.. 50
Metropolis*. 100
400,000
500,000
15
Q.-j.
&
&
Si
&
J.
3 4 9,300 M
ir 9 7,900 A.
28,900 J.
40
7^3
O.
100
Metropoiit’n
3,000,000
100,000
Mt. Morris*.
559.400 J.
&
463,700 J.
Ac
Murr’y Hill* 100
looiooo
100
100
100
100
100
70
500,000
Nassau*
Newr York
N. Y. County
N. Y.N. Ex.
Ninth
N. America"
North Kiv’r*
..
2,000,0(10
200,000
300,000
75<»,(>00
700,0(M»
240,000
July,'83.10
July,’83. 4
May, ’83. 3h>
Apr.,’83. 5
8
.
J.
6
14
8
10
14
8
10
J.
J.
Aug.,’83 3
Mar, ’83.10
May,’83. 4
6
8
6
6
7
170,400 J.
H
7
6
..
Mry, ’S3. 3
July,’83. 3b>
7
J.
238.400 J
&
&
&
<fc
&
J
j
J
J
J.
Si
At
1,063,700 j. &
52,900 J. At
92,000 F. At
248,400 J. At
231,000 J. At
78,100 .1. At
25 4.90( J. At
j
n.
j
J
A.
J.
J.
J.
J.
700,200 r.
190,10( J.
118,70( J.
1,564,90< I.
200,000
153,000
300,000
210,000
.
250,000
200,000
1,000,000
300,000
200,000
200,010
200,000
204,000
....
10
F. Si A.
J. Si J.
8
7
J.
8
8
6
6
7
6
7
10
6
7
At J
At J.
At J
Q-F.
J.
r.
Aug.,’83.
July,’83.
July,’83.
July,’*3.
July,’83.
July,’83.
July,’s3.
July,’83.
Ju y,’83.
July,’83.
8
*
July, ’83.
May,’83.
July,’83.
July,’83.
9
7
8
8
7
7
6
.
Lorillard
Man.At Build.
Mech. At Trad
Meeh’nios’ (J)
Mercantile
Merchants’..
....
..
Montauk(*)..
Nassau(t)....
6
4
3bj
3
4
5
2*2
5
5
3
..
3*2
July,’83. 4
200,010
150,000
210,000
40
50
50
25
100
25
50
50
50
50
50
.
10
10
20
July,'83. 5
8bj
10
July,’83. 5
20
July,’83. 6
374,886 10
16
14
Aug.,’83. 7
332,398 16
20
20
July,’83. 7**
199,648 20
10
10
July, ’83. 5
444,377 20
10
10
Aug.,'83. 5
173,854 10
10
10
July,’83. 5
129,885 10
10
10
July,’83. 3bj
28,637 10
1,641,032 13*77 14-35 14-70 July, ’83.7*70
15
15
Apr.,’83. 7bj
677,192 15
7
7
July,’83. 3
49,015 7
10
8bz Aug.,’83. 3b|
70.043 10
12
L2
103,258 15
July,’83. 6
6
8b*
July,'83. 5
54,154 7
10
10
Jan.,'83. 5
11,304 10
12
11
July, '83. 6 .
122,955 11
12
12
July,'83. 7
1.597,897 10
10
10
July,'83. 5
750,546 12
10
10
July. '83. 5
115,473 10
30
30
July,'83. 7i*
292,969 30
6
5bj July,'82. 3
4,445 6bj
July,'83. 5
108,290 12^ 12b2 10
10
10
July,'83. 5
728,905 10
10
10
July,'83. 5
1.749,292 10
10
5
July,’83. 3
71,580 10
none. July,'83. 2hi
10
10,390 7
10
10
278,283 10
Mar.,’83. 5
20
20
July, ’83.10
195,247 20
150,000
300,000
300,000
200,000
200,000
250,000
200,000
200,000
200,000
200,000
200,000
210,000
200,000
500,000
350,000
..
4
4
7
1,000,000
3,On 0,000
500,000
200.000
National..
37*2
N.Y. Eq’table 35
N.Y. Fire.... 100
50
Niagara
25
North River.
25
Pacifio
100
Park
Peter Cooper 20
50
People’s
Plienix (J).... 50
25
Rutgers’
50
Standard
100
Star
100
Sterling
Stuyveisant.. 25
Unit’d States 25
10
Westchester.
W’msbg C.(t) 50
5
!Aug.,’83. 4
200,000
200,000
200,000
150,000
.
Knick’bock'r
Lafayette O
Long Isl.(t) .t
4
4
4
4
3
3
3l>
3
3Lj
8
1,000,000
1,000,000
.
Aug.,’83. 3b)
July,’83.
July,’83.
7b2 July,’83.
10
July,’83.
I Aug.,’851.
10
I July,’S3.
8
lo
July,’83.
6
'July, ’83.
July,’74.
150,000
200.000
....
July.’83. 7
July,’83. 4
July,’83. 5
.
3
7
6
6
8
8
7
7
6
7
8
10
8
7
6
r.
Li.
30
300,000
Oriental*... 25
233,50(
50
Pacific*
422,700
100 2,000,000 1.227/ 0<
Park
1 17.70)
200.000
People’s*. .. 25
20 1,000,000
269,9()(
Plienix
5.0o<
50
Produce*..
125,000
10O 1.500,000
876,000
Republic
3 18,700
500,001
St. Nicholas* lot*
1H.500
Seaboard*..
5Ou,O0<
7
8
8
8
Si J
& J.
Si J.
355,200 J.
63,20(
300,000
..
24,900
23,du<
122,701
200,000
Last Paid.
1880. 1881. 1882.
10
40$,000 61$,482
61.566
...
May,’83.10
July,’83. 4
July,’S3. 3*2
Auir./83. 5
July,’83. 4
July, V3. 4
July,’83. 3
8
7
10
7
174,800 F. Ac A.
145,400 May.
N.
155,500 M.
4(5,400 M. & N.
2,000,000 1,181.8m
51,10<
200,000
1,000,000
2,000,000
1,000,000
300,000
Sept.,’83.15
July,’83. 3b>
40
J.
N
4.500
20<>,OOu
50 2,050,000 1,078,4(10 F. Ac A.
.
American!... 50
Amer. Exch. 100
25
Bowery
Broadway... 25
Brooklyn (J). 17
Citizens’
t 20
70
City
100
Clinton
Commercial. 50
Continental t 100
40
Eagle
Empire City. 100
Exchange... 30
Farragut.... 50
17
Firemen’s
10
Firemen’s Tr.
FranklinAc E. 100
German Am. 100
50
Germania..
50
Globe
25
Greenwich
Guardian.... 100
15
Hamilton
50
Hanover
100
Home
50
Howard
100
Irving
Jefferson ..t 30
20
Kings Co.(J)
1883.*
Amount.
...
122,300
1,500,000 2,0 >7,100 J. At' J.
193,d00 J. Ac J.
5<();000
(500,000
....
6
8
July,’83. 5
May,’83. 3bj
July,’83. 5
July. ’83.10
July, ’83. 4
July,’83. 4
July, ’83. 4
July,’83. 5
387.200
500,000 3,395,400
3,200,000 1,349,200
100
Leather Mfr.
Lincoln
Mad is’n Sq*
Manhattan*
Marine
Market
Mechanics’
Mecli. 6i Tr.
8
7
10
7
7
8
300,000
6
450,000
3e0,000 3,842.500 Bi-m’ly. 100
7
240,200 J. Ac J.
000,000
100
50
Irving
307,100
560,400
207,700
257,100
3()0,000
J. & J.
J. & J.
J. & J.
J. & J.
8
7
10
18
8
10
8
9
100
7
10
8
9
lo
7
7
7
10
16
Dividends.
Surplus,
Companies.
Par.
$
$
100 3,000,000 1,78-s,400 J. & J.
100 5,000,000 1,483,700 M. & N.
241,400 J. & J.
100
250,000
25 1,000,000 1,438,500 J. & J.
LIST.
STOCK
INSURANCE
LIST.
STOCK
BANK
200,000
200,000
150,000
200,000
1,000,000
200,000
200,000
500,000
350,000
200,000
250,000
300,000
250,000
10
91,188
54,105
106,171
20,877
July,’83. 3
July,’83. 5
July,'83. 5
July,’83. 3
July,’83. 3
July,’83. 5
July,’83. 5
July,’83. 3
Jan.,’82. 5
July,’83. 5
July,’83. 5
none. none. none.
10
10
8
153,499 12
125,731 12
143,436 14
10
10
none.
12
14
,10
8
10
10
14
10
10
344,068 10
10
64,122 10
14
441,528 13
18
95,186 8
20
371,472 20
12
82,276 12
20
204,945 ,18
10
100,724 11
10
609.963 10
14
155,018 20
133,857 112-46 12-46
9
18,122 10
none.
22,107 7
10
145,703 10
10
236,949 10
10
190,705 10
20
428,578 20
13,722 ,10
128,329 10
71,059 10
154,490 14
70,156 10
10
10
3
7
11
10
7
5
10
14
10
8bj
10
14
8
16
12
16
10
10
14
7
none.
none.
10
10
10
20
July,’83. 5
July,'83. 6
Aug.,’83. 4.
July,’83. 5
Apr.,’83. 4
July,'83. 7
July, *83. 5
July,’83. 6
July,’83. 5
July,’83. 5
Aug.,’83. 5
July,’83. 3b|
July,’81. 4
Aug.,’80. 3i«
July,’83. 5
July,’83. 5
July,’83. 5
July, *33.10
•
300,000
Seventh W’d 100
100
Second
3UO.O0O
Shoe 0s L’thr, 10U
500,000
TOO
200,000
Sixth
800,000
State of N.Y* 100
1(10 1,000,001
Third
50
Union
100
Us States
Wall Street. 50
West Side*.. lOi
1 .‘>00.000
...
t Jiuio
& J.
214,20U|J.
J.
& J.
Sc
Si
noo.ooo
139^500
500,000
103,560 J. At J.
17 4,2001,1. At J.
VOn.noO
(3
3
20
8
6
7
7
8
10
7
7
10
(3
15
8
J.
5u,100iJ.
46(),700:i\r. Si N.
340,200 J. AC J.
298,900 J. At J.
733,900 M. At N.
40jl,00'\000
Tradesmen’s
81,100 J.
154.4 00 J.
! Jan.,
’82. 3
July,’83 10
10
$
Alabama Ore a l Southern—
(295m.)..
1295 til.)..
18>2
(295 in.)..
1883
(295 ui)..
Atchison Topeka
Santa Fe—
1S80
(1.107 to 1,540 m.)..
(1 510 to 1.789 ni.)..
55.401
58.509
60,575
81,161
Feb.
*
51.227
03.540
60.732
81,768
been omitted from tlio above
Manhattan, and Tradesmen’s. These
companies have discontinued business aaid are now in liquidation.
table, viz.: Importers’ & Traders’,
banks.
*
47,829
02.49J
PRINCIPAL
OP
.March. April.
*
includes scrip.
OF* The following companies have
3>2
Jau.. ’81,10
EARNINGS
Including re-insurance, capital and scrip,
(*) Brooklyn.
July,*8:1. 3bj
May,’83. 5
july.’83.
Over ail liabilities,
t Surplus
July,*83. 55b>
IS83, for (National bunks and Juuc ‘Jj, lSSd.ior Stale
Jan.
*
July,’83. 4
7h> May,’>*3. 4
5io
MONTHLY
!Vt
!July,’83. 4
May.
July.
June.
$
$
45 344
44,145
03,8-5
58,250
57,005
52,304
85,822
72,025
54,853
7 7,781
40,821
51,731
54,400
7a, 170
RAILROADS
Ang.
$
47,525
58,701
5'.932
61,041
68,187
73,794
Sept.
I
$
62,541
70,326
77,793
Oct.
Nov.
$
f
Dec.
67,563
01,155
80.875
78,257
$
61,669
86.897
88,674
08,097
04,779
Total.
643,921
789,372
856,724
73,301
•
806,730 932,122
667,586 674,229
677,803 747,012
651.090
481.103
418.331
690,900
102.303
048,410 1,010,125 1,197,550 1,000,033 1,000.641)11,155.809i 1.263.023
7)3.208 558,481
1,251,663 1,329,113 l,43o,226
'.
(1,789 to 1,820 m.).. 1.070.700 1,055,909 1.2U3.073 1,104.335 1,183,701 1,153,479 1,1(7,003
961.255
935,005 1,264,120 1,16),(50 1,150,808 1,146,107
f 1,820 in.)..
Burlington Cellar Rap. *fc No.—
143,432
160,160 179.804 204.991
153,378
149,504
188.325
141,652
184.310
105.171
(492 to 504 m.).,
221,748
209,112 221,801
174,351
205,912
165,030
184.08()
148.551
124.509
107,750
(504 to 589 in.).,
1881
300,155
261,439
224,920
198,270
109,278 211,257
178,304
224.101
252,823
225.030
(020 to 690 m.).,
195.9-9
197,402
187,001 252,913 21c*,252 205,678 210,610
(090 m.).
903,728
847,215 8,556,975
1,303,385 1,458,752 12,584,508
1,458,040
14,773,304
1,349,312
Central Pacific—
1.840,007 1,973,438 1,904.097 2.120,229
8,899,340 3,088.519; 2,185,303!2.507.857
2,070,648 2,350,557 ,2,495,445 2,424,529
2,023,0 X)
2.199,466
2,297,971
2, ft 0,259
211,820
230,300
351,310
240,795
235,585
300.732
218.009
203,562
253,356
2,074,308
2,706,705.
3,334,978
785.199
771,844
096,770
072.380
858,074
740,915
543,723
646,812
701,066
7,687,236
7,557,741
8,215.495
\ 934,762
2,031,001
1,837,860
2,270,444
2,199,421
1883
a
..(2,301 to 2,580 m.). 1.200,014 1,070,487 1,373.438 1,350,710 1,778,488 1,724,950
(2,580 to 2.175 m.). 1.002.907 1,454,218 1,709,637 1.872.370 2,091,4 11 2,159,311
...(2.*>82 io 3 107 m.). 11,839,-100 1,720.015 1 909.737 2,054,687 2,342,298 2.229,105
(3,199 to 2,941 to 3,083 m.). 1,711,081 1,465,952 2,021.533 2,050,313 2,127,420 2,129,220
Cliewnpeake Jt Ohio —
(430 m.)..
202,335
198,681
(430 in.).,
(130 i o 512 m.).
(512 m.)..
102.540
2' '8.743
184,389
179.053
215.445
221,559
227.343
207,454
251,070
253,446
337,195
208,030
(840 m.).,
524,054
497.013
4 74.818
517.897
626.473
529.915
588.70 1
542,961
557,383
086,095
000,877
Chicago & Alton—
,
(840 to i“4» m.).,
3847 m.).,
<847 m.)..
1883
Chicago Burlington
*fc Cuincy—
11,8o7 U 2.772 ra.).
(2,772 to 2.92i m.).
(2,921 to 3.229 m.).
o3.229 m.).
1881
Chicago ifc Eastern
188**
1883*
(152 to 220 m.).
(220 to 230 ill.).
(230 to 240 in.).
(240 m.).
Chicago Milwaukee
1883*
Chicago Ac
Illinois—
At St. Paul.-
<2.250
(3,775
(4.504
(4,455
to 3.7,5 m.).
to 3,951 m.).
to 4.455 m.).
to 4,550 m.).
Northwestern —
1880...
'2 293 .O 2,704 m ).
18M
']88v»
1883
%’■£•’i
*-
a
5^5.830
640,387
a
558,1 0
504.800
199,443
252,235
257.040
331,173
238,236
214,255
241,135 225.096
271,382 310.787
323,845 *330,475
250,11C
262,858
381,454
247.303
616.128
548.550
617,524
035,800
708.900
761,120
769,751
858,398
767.349
774,70)
912.092
670,206
017,251
702,635
559,577
646,730 *053,539 *715,950
247,144
332,219
1.432.740 1 411,870 1,732 518 1.489.894 1,909,027 1,082,966 1,773,643
1.301 018 1,031. ."21 1.41-8.149 1.574,371 1,079.450 .2.083,802 1,888,358
1.058.834 1,457.301 11506.217 1.530,836 1.505.201 1,437,164 1,625,000
193,419
232,812
278,429
246,062
i.8i B.i as
2*053,482
2,259,038
2,800,680
1,905,222 20,508,112
2.225,170 24.094,099
2,020,349 25,002,757
1,552,018 20,454,494
1.905,490 21,176,453
2,027,000 21,550,804
1,625,080 1,011,021 2,300,584 l,824,lb0 2,009,872 1,937,916
72.406
125 450
145.404
139.941
83,205
117,119
127.212
113,391
111,800
121.037
83.089
134 070
130,421
130,980
IV 3,881
117.290
14V719
123,037
127,511
as,278
93.234
144,879
132,601
143,205
114,129
125,139
151,763
131.777
156,497
131,904
130,891
128,597
128.981
150.915
150,867
137,473
167,627
172,777
109,579
102,008
153,113
135,782
1,299,001
1,640,451
1,771,804
120,354
991,297
871.041 1.134,745 1,037,958 1,026.709
900.674
738.740
1.538.401 1,729,812 1,508.700 1.678,36910.989 1.259 94
082.718
•
1,515,198
.027
933
1,404,927
>9,431
1.6
1.434.537 1.370.377 1.501.380 .5 7.509
764,298
990.848
1,257.678 1,493,821 1.472,038
1,044.670 1,59',053 1,569,598
1,950,710 2,250.975 2,072,973
1397.309 13,086,119
1,854,269 17,025,401
1,904,709 30,386,725
1,855,022
2,019,037
2,100,432
1,477,902 19,416,009
1,855,470 21,849,207
1,829,929 23,977,068
1,S5J,000 1,258,000 2,044,0(10 1,972,000 2,031,000 2,023,000 1,829.000
1.154.632 1.131.0,83 1,361.725 1,29-4,573 1.875.608
1.474.012 1.879.000
1.00 ',741 2, H 0.947
1.7 4.379 .M5-.2O0
T8 i o 3 018 m.). 1.240.007 0 13,205 1.178.790
(3.100 to 3.470 in.). 1.644.036 1.474, 70 1,07 •_ .93
*3.580
3,000 ,n.'. 1,357.‘VJ2 i.3i 1.3*5 2 0m5 292
Approx.ruu'.e ttiures,
400.120
222,702
228,481
189,330
202,180
1,671,177 1,009.686 1,767,939! 2,020,245 2,105,217
2.1306,440 1,983.031 2,315,16412 292,676 2,341,097
2,601,445
2,043,510 2,050.952
2,213,021 2.170,90)
July CBtitnutod.
I
RAILROAD
Aug., 1883.
EARNINGS.
MONTHLY EARNINGS OF PRINCIPAL
Jan.
Chic. St. Paul Minn, tfc Omaha—
1880
(682 to 946 m.)
1881
(946 to 985 m.)
.
257,78!5
327,4(X )
173,07 1
158,59 3
334,20 i
312,01'7
282,25
124,75)
307,47) 1
510,12!i
.
.
.
.
$
259.20 8
.
452,36.3
441,07
100,88! 3
193.92 5
514.70 7
10,47*
32.075i
26,93) )
33,37 J
30.22.5
25.61 7
20,016
24,79. )
21,57!
28,93 )
23,18 3
20,04- l
254,602
323,243
234,?0<
312,525
I
.
.
.
: 146,52c 1
130,515 2
1158,16
196,81231,034
171,40 )
216,061
190,554
176,079
100.96C
154,401
183.232
182,688
160,322
177.702
122.87-;
114,87* 5
137.51148.50 !
229,654
296,32V
181,42?
191,317
172,951
179.39P
224,315
165 63
155.157
120,68;
190.74C
073,259
001.70?
677,515
"589,448
760,737
595,082
039.531
185,050
201.883
;i05,32(
192,085
189,052
200,001
180,477
199.841*
,248,142
P201,42c
203,677
220,6(6
302,9.31
268.801
215,913
234,15)
217,371
210.127
115,595
229,944
110,31*
187,290
251,890
273,294
95,076
96.20*
*172.00
201.73
740,744
$
342.-15
Nov.
373,37 0
482,99 7
379,02 9
400,13 1
406.53 3
473.033
096.19 3
578,44 3
02* >.01 3
599,19 1
005.08 7
642,21 3
300,83 3
51.45 )
47,51 9
23,24 2
31,293
200,25#8
302,11 4
320,353
280,28 7
086,22*
>
342.81(4
85)2.9*2 1
517,595
546,07 l
210,784
266,660
293.54C
321,120
89,209
107,623
120,703
131,096
98,013
H0.98C
100,009
108,007
83,064
105,95*
99,168
074,455
i
140,214 !
159,543
172,470
285,223
342,138
*
125,107
.
129.57
575,035
8' '5,124
612,593
810.960
9;7,*-G0
960.315 1,068.834
964,527
118,735 1,014,80? 1,141,337
24 833
39.078
33.251
31,332
66,271
05,437
•
Pennsylvania—
Pittsburg A Erie)—
(+1,806 to 1,820 m.).. 3,083,551
(+1,844 to 1.887 m.).. 3.189,215
(+1,887 to 1,981 m.).. 3.373,321
(+1,981 m.).. 3,929,357
(121 m.)..
1888*
(121 to 138 m.).
St. Louis Iron Mt. «fc Southern—
18el
(686 to 718 m.).
1882
(718 to 816 m.)..
1883*
(810 to 005 m )
St. Jkonis <fc San Francisco—
1880
(492to 597 m.)..
1881
(597 to 661 m.)..
1882
(601 m.)..
1883*
(725 to 732m.)..
493,76 9
m.)
.
4.Mvi«f»
375,79 0
04,973^052
349 196
31478 067
H.244.180
681,38 5
448,81 8
0.404,980
40.00
31,59 3
35,63 7
32,00 2
85,286
38,41 0
347,163
812,42 2
386,21 3
31^,68 3
860,TSt 3
305,31-i
341,345 3
3.351^357
401,925
146.95 3
153,48 3
100,15'i
187,41*3
238.08
2:0,24
242.214
281.01!
207.14'
103,80*
279,63*
233,20( l
233.4413
215.10 l
247,36!3
210,19
2 5 3.4 It
255,631
732,75!
806.83-<
880.21
80s. nr
783.12C
847,37*
823,84 7
843.W6!i
815,23!
879,
730,804
073,182
7*33,475
729.943
109,125
215.977
217.01*!
272.114
2j2,1 11
247,93
288,25! 3
228,071
281,149
200.451
192,022
264,735
-203,577
2.437,569
2,740,227
113,251
147.5.8*
253,354
1.953,594
’
194,685
160,51!
581.736
724,095
803.887 1 720.03-1
*52,315 ! 7)0.83
101,14! )
152,08' 3
166,aS(
199,06*7
172 .<‘6 )
110.81!>
203,44!3
200,171
148,93 l
1.599,348
1.856,534
2,101,953
...
201.85*9
102.21!
*179.955
‘700,393 *007.25.
192,317
170."8
♦
262,111
| 260,412
270,50!
83.127
89,6''£
190,398
102,005
<1124.671
130.284
144,004
112,363
110,056
87,722
98,981
37,772
36,755
77,0*0
199,828
203,102
174,974
195,262
223.2
1
8.304,814
8,586.397
,905 312
269,052
123,14!
121,450
*303.0* >H
•30 (.159
411,407
371,379
377,821
3,403.891
127,99s
107,1*4
*169,71;
12 *,23(
175,^81
118,59
152,lb(
*133,00!
100.90(1
108,37(1
"iai.291
110,082
10.8,118
*124,475
1.831,868
1.4*15,453
1,492,270
77,9. £
113,241
*
503,88!) 1
655,014
970,230 772,537 827,08!
931,911 1.000,320
SI 7.-35
850,862, 8'8,72!' .',22 7.58
876.192
951.56* 1.002.050
958.130 1,215,400 1.00 !.70"> 1,043,912 1,114,513 1,215.932
953,01*3
947,450 1,032.348 1.099,70*5 1,139,309
30,340
40,848
70,00)
*4,185
35,902
28 014
48.0 .5*
!
393,445
07,010
84,805
52,202
75.il2
87,20.,
393,745
406,000
34,211
52.0 >5
73 150
484,570
455,91)4
482.3:14
575,685
550,331
590,049
513,982
506,120
857,833
537,501 !
541,142
589.470
607.998
168,302
140,091 I
103,550 I
141,957
128,867
129,241
121,855 131,621
185.548
145,803
186,517
134,378
135,174
136.184
141,734 *124.640 *130,836
104,8-i8
195,6i5
107,393
101,435
172.353
155,827
177,20)
154,.0i
17 l,07u
10-5,05*9
136.701
444,204
005,273
560,907
535.588
j 719,501
036,725
2.816.109
508,507
734.008
70 4,434
949,1,85 9,491.344
1.153.779 1!.:344.361
053.080
1.00.3.2-3
1,200,902
1,221,509 12,981.432
34,007
68 642
40 125
59.03!
75,170
0 i.\m
73.307
85,585
86,708
80,905
60,082
82,250
427.753
635.659
901,319
514,165
625,423
549.332
618,701
502,184
687,703
533,956
091,169
487,820
665.800
5.427,250
659,570
908,738
625,133
801.4 0
0a3.H3!t
550 509
002.410
800,525
0.673.294
781.258
730,669
8,038,194
140,593
184, >'7
210,26)
157,875
204,714
250,4*24
287,3*3
207,433
251,308
202,980
3 J 1,054
300,41?
2,184,445
179",729
100,OsH
19v*. 106
190.9 P
188.MH5
196.865)
191,017
100,033
202,068
187,679
201,712
2.103,807
2.840.210
2,102.837
81,835
480,334
179.213
♦308,32!
.....
*105.606
1
220,823
17;,330
206,164
254,391
<
350,83. )
48,734
.
0 4.054
41,255
6,421.517
-
170,001
100,780
137,475
162,736
100,203
181.96*
18* ,3)0
1"6.49
180,7^7
>
195,408
2">s,8l2
210,010
2,273.023
2.403,220
-
1,252,218
1.425,705
1,304,758
1,283,610
1,044,958
1.847,201
1,507,033
1,696,969
149,908
173,014
183,845
1,643,151 1,592.544 1,661.812 1,580,976 1,606,873 1.786.417 1.899 010
1,709,057 1,770,891 1.794,062 1,787,081 1,772,895 1,734,200 1,814,860
1,670,743
*" 1,819.010
•
•
.
•
^
«
«
*
*
1,54b,474
1,797.:33S
1.726.7RS 19.489.366
1.715,469
1,818.824
1,571,208 2 .*.393,112
1,091.404
212,019
265.222
284,863
179,089
210,913
201,044
217,1 So
289.722
208,853
290,95'.
175,420
195,650
174,709
143,095/
174,43-
131.407
149,i0.i
133,764
149,659
171.793
185,322
191,344
217,334
190,90)
2.
101,595
203,010 *20i ,• 22
330,860
382.057
413,551
480.865
415.325
386,130
450,208
453,923
464.093
487,273
420.490
329.788
485.58-
419,193
452,901
414,789
-7.281
4.0.81 i
512,91?
45*8,003
509,0^
440,004
007,488
487,1 *5(1
500,805
476,335
405,810
470,104
425*,0*>o
592.435
459,054
405,694
499,133
550,225
<■520.085
119,358
162,984
186,074
253,105
830,2 ?
5n0.it.32
772,838
858 456
570,: 2 4
300 822
475.01 1
22**,093
829,831
769,994
530,453 6,983,714
3,944,576 3,278,180 3,488,303 3,417,910 3,221,4715 3.449,644 3.723,355 3.647.543 3,882.714
1.095,014 3,*44,804 3,700.872 ),850.89/' 3.60 4 tl 3.7/8t,418 3,809,078 3.735.*M' 3.072.971
3.574.913
3,84-1.215
4,373,825
3,731,<51 14 124,178
4,157,1«5> 19,070,636
217,201
231,741
101,954
153,633
77,259
‘78,803
268,935
328,158
183,700
5,663
-
219,891
231,5*8
2.85.35*2
25)3,919
106,*8:1
205,050
249,885
240,820
298.441
309,288
280.524
145,585
173.974
174,843
4
340,490
235,042
215,49 J
209,573
261,200
383,347 *310,145
179,947
196,(22
209,440
235,010
221.438
2-10,5:40
222.100
232,774
272,318
217.613
312,705
412.024
247.0 ?0
393,252
431.085
3rd. 141
216.210
451.023
0 0.231
704,‘*17
0>-4,0‘>7
727,215
503,903
600,412
789, U40 "788,700 *841,000
228,777
1.306,750 3,912,293 3.855.850! 1.I0S.S77 4.0*3.703 4,149.150 - 1,071,179 4.417,602 4,000.054
1,712,215 4,189,380 1.001,750,4,303,000 4,156.871
198.108
240,(**54
2 390,302
*261,082
3.408,109
205*.040
181.74"
228,995
201,235
2**5,699
224,758
2 004.194
2.267,288
210,850
240,764
*270,183
•
•
2.8)9,943
2,429,738
494,310 5,050.385
47.!,-<23 5.443,6w8
<5400,003 15,800,170
301.28*5
2.630,^84
4,*‘7<*.22t
3,517,828 [1.260,rfl8
1.354,021 8,431.847
1,-5 -,SMj J0.776 101
1,195,371 11,834,508
.
*
108,988
101,820
102,153
113,518
132,572
101,747
108,434
95,847
133,337
97,905
115,471
120,024
56,218
71,148
66,950
54,750
•55,470
08,565
70,100
62,240
64,186
50,092
75.862
138,153
121.937
102,9 .'3
105.837
121,900
90.083
103,045
101,485
85,550
99,422
47,028
64,110
07,436
52,082
44,370
50,132
52,924
50,240
70.5*47
40,549
79.641
78,738
59,027
118,844
13o.u80
52.048
5 5,110
150.727
125.592
130,706
120.984
131.607
100,037
154,017
102,993
116,699
105,500
155,334
60,0.32
07,5C*0
03.588
06.3-4
83.735
77.082
72,64!
01,350
72.0:4
64,280
74.15*2
729.078
7f»6,024
72,817
75,355
875,480
*687,280
*709,408
7,337.669
843,973
781,306
7,681,635
88,327
54,720
570,957
'
-
-
143,881
101.950
90.0-5
1.417,063
1,421.803
124,621
1,500,566
82,553
’
500,791
501,127
479.075
519.120
474,302
529,70**
644.386
585.008
546.302
579.978
533.512
516,370
515.519
605,258
522,781
632,228
544,786
558,788
554 550
675,981
585,890
724,160
167,664
V74,08((
252,960
290,756
173 607
203 -80
252,889'
328,194
8 6,106
290,329
270,556
220.063
300.106
253,017
280,020
27«,653
330,504
2.698,371
830.914'
259,995
251,862
394,907
280,873
23,8,721
369,000
333,026
313,205
3,572,211
281,899
243,407
405,321
272,089
232,579
274,188
845.057
88 / ,488
414,051
485.736
605.708
853,206
612,766
801,759
832,770
300,675
508,530
979.057
297,640
528.263
4 878.958
913,334
753,510
3,704,771
195,711
348,1*03
370.451
226,073
206.570
345,790
470,013
303.006
410,203
312.184
381,331
537,743
......
704,002
193,091
195,948
208,547
178,599
240.139
193,146
269,963
176,164
209,507
254,040
271 323
234,496
278,321
236,278
351,689
274,011
137,645
418,358
261,797
320,902
531,004
389,012
729,813
333,014
425,685
570,890
812,017
219,105
200,781
215,070
174,177
319,928
343.442
520 991
295.065
159,482
278.535
416,040
382,042
858 903
213,297
850.417
727,499
703,838
153 060
285 305
368,752
141,083
281,78!)
421.219
406,180
490,078
.35*7.253
450.220
•
708.325 ♦719.230
809,39-4
439,018;
541,901
309,521
010.055
,50 ,203
1.7 81,731
3,160,229
301,858 2.751.408
401,i 5s 3.969,006
641,044 a 5,143.170
j*
948.773
053,408 1 ,060,742 1 .189.4781 '.178,956
978,029
7*9,451
892,025
813,374 ] ,109,399 967,033 1 ,148.000 1 .330,5*44 l .120,015 l .542.124! * ,497.24
,134.768 1 ,313.775 1 ,378,194 .204.861 * .140.^82 1 ,418.837 l ,772.544 1 ,*582.382
1.307.783 ’ .070,758 1 .479.23«
3.160.52*
¥.••••
on m-'ll
1 W /*1.8
*
,406,0291 1.3-2,30!
.595.630, 1,525,715
1050,8'6 1 2,428.112
1,29-i,rn. 1 !. *67.789
1,331.052 1 1 0.738.358
+ And 6(3 miles of canal.
S includes < eutr.il ui •>. J. uarmiy.-t lrom and ■•iur J no, 1883.
VN 4 I
nr-t.erlal.
aEm bracing correot’ns found necessary alter monthly totals bad been published.
b J o'y ngiiro-i nrea.urnxi.uaie.
c * nne,
1882, figure* (Hawaii &•
those for June in preceding years) includes miscellaneous receipts for t-e win* e of the fiscal year end-‘d w tli that m mtli.
8-noe taut tine ties* ;uielots
have been added to each month’s earn’gs. and thus distributed evenly through the year.
d lm-1. $20,034 of mitcelluLeons leceipts.
eNot lnol.Untoa lilt.
,
2.561,391
2,257,231
2,419,000
194 33C
737.2 If
■
275.33C
*277.29
268,28;
.*
5i2,042 i
230,916
148,167
184,003
191,92
*100 002; *253 40!
...
90,922
104,577
107,227
123,454
St. Paul Minn. & Manitoba.—
1880
(656 to 855 m.)..
180.239
1881
(855 m.)..
254,187
18*2
(912 to 1.020 m.)..
395,401
1883
(1,250 m.).. 489,703
Texas & Pacific—
1880
(444 to 700 m.)..
245,785
1881
(700 to 982 m.)..
281,170
1882
(982 to 1,412 m.)..
323,987
1883
(1,412 tol,487 m.)..
534,529
Wabash St. Louis & Pacific—
1880
(),559 to 2,479 m.)..
?rc,790
1881
(2,479 to 3.&50 m.).. 805,339
l**-9*
(3,348 to 3,518 m). 1.229,905 1
.
9
3,122 0W
312.17 3
432.01 5
408.56 2
666,82 9
|
1
j
m.)., 1,316,089 1,085,102 1.4*9.380 L.490,330 1.457.S81 1,398,536 1,282,835 1,531,813 2,089,250 1.740.299 2,184,?26
m.).. 1,319.133 L.336,428 1,001,508 1,484,864 1.688,802 1,7**7,295 .835,725 2,*i*U* 086 1.045.874
1.980,948 2.* *15,5-4>
m.).. 1,603,075 L,290,421 L,610,089 1,709,71- 1,703,469 .714.73- 2.020,459 .975,993 2,010,017 2,229 513
2,256,140
•4.
m.).. 1,008,775 .,453,862 1,609,241 1,726,616 1,090,877 2,810,489
1882
—
152,95
,
665,120
1
204,094
210,707
158,590
168,004
1881
(195 m.)..
1888
(195 m.;..
1889*
(195 m.)..
0t. L. Alton & T. II. Branches—
1880
(71 to 121 m.)..
1881
(121 m.)..
Total.
$
1
(506 m.).
250,116
1)381
(506 in.).
224,.340
1882
(528 m.).
159,070
1883
(528 in.).
215,971
Nashville Chatt. & SSt. Louis—
1880
(508 m.).
218,470
1881
(508 to 539 in.).
189,479
1882
(539 to 550 m.)
170.753
1883
(550 in.).
197,388
New York Lake Erie
West.—
1880
(928 to 1,009 in.). 1,296,381
1881
(1,009 to 1,020 m.). 1,443,437
1882
(1,020 to 1.060 m.). 1,318,997
1883
(1,060 m.). 1,5^4.809
New York & New England—
1880
(284 to 316 m.)..
164,231
1881
(316 to 894 m.)..
189,749
1882
(394 m.)..
213,840
1883*
(394 m.)..
258,260
Noriolk & West.—(At.Miss.<>.>—
1880
(428 m.)..
150,870
1881
(428 in.)..
16-4,917
168,572
1888
(428 to 502 in.).
200,487
Northern Central—
1880
(322 m.)..
334.494
1881
(822 m.)..
386,156
1882
(322 m.)..
407,368
1883
499.252
(322 m.)..
Northern Pacific—
1880
(722 m.)..
81,390
1881
(722 to 972 m.)..
116,508
1882
v 45,369
Si....(972 to 1,419 m.)..
1883
(1,535 to 1,701 m.)..
358,985
18885
Bt« L. Alt. &T. H. Main Line—
1880
(195 m.)..
Dec*
$
*
1880
(9.518
100 24(
535,735
602,49:
640.0P
020,988
•Approximate figures.
.
10 i,05!
203,011
732,541
1883*
235.93c
115.94!
102,52i
m.n:
243.17H
395,413
409,043
(846
(846
(846
(816 to 1,419
...
613.00*
;557.78fl
.
388.681
552.075
1880
1881
1882
Oct.
$
25.22
233,15! 5
210.99;i 213,52;
304,89' *293,13) -
“
613.806
524,499
.‘097,274
,595,212
631,281
394,072
■484,424
Philadelphia A Reading—
188,56) )
170.35C
i 170.10
79,086
east of
,
200,735
190,81s
158,11V
433,343
472,048
034,901
1880
1881
1882
1883
2 3.15'
35,s«
23.56
•
.
240.‘.71
273,32!l
Sept.
$
251.0* 3
376,80 7
394,55 5
*433,83 J
-
32,88!)
21,38
22,60 3
•
118,865
64,593
(All lines
•
110,277
3! 17,564
Mobile <fc Ohio-
•
24.60 [
220,381)
131,502
167,546
65,381
(700 to 795 m.).
(795 to 996 in.).
(996 m.).
•
248,471 l
339,151
330,510
400,105
554,049
.
230 09
383,20 2
350.45 *
4*14.562
374,69 4
32.32C
Aug.
$
295.45*3
STS.IS-4
581,22 *
548.28 *
55)3,92; i 545,44- 5
523.16,5
1483,40! ) 1521,60J T573,TO J 1549,90J T547,80! 5 7552,3(X J
.
.
1881.
1882
1883
July.
$
21 "<,09 3
232.14 8
350. * * 5
402,88 2
164,883
433.11 L
550,280
.
.
.
Missouri Pacific—
$
398,49! 3
510,3h 5
119,68!
163,883 1
165.15C
.
.
m.).
June.
*
.
m.).
in.).
RAILROADS-(ConcIuded'.
259,78! 3
251.04 ) 201.21 1
413,20D
377,288
433,52 ) *419,53 5
.
.
.
in.).
126,92! 3
24,90* l
.
$
May.
817,68! 1
895,29!1
T418,30(
.
(306 to 326
Missouri Kansas & Texas—
1881
(880 to 1,100
1882
(1,100 to 1.296
1883
(1,296 to 1,386
$
.
.
1883*
1
J
193,82' 7
.
1882*
(1,003 to 1.147 m.)
1883
(1,150 m.)
Denver & Rio Grande—
1880
(337 to 551m.)
1881
(551 to 1,002 m.)
1882
(1.066 to 1,160 m.).
1883*
(1,160 tol,281 m.).
Deo Moines & Fort Dodge—
1881
(87 m.).
•1882
(87 to 138 m.).
1883
(138 to 143 m.)
East Tenn. Ya. <fc Ga.—
1881
(900 m.)
1882
(902 nw.
1883
(902 to 1,100 m.).
Flint & Fere Marquette—
1880
(293 to 318 m.).
1881
(318 m.).
188?
(318 to 347m.).
1883*
(347 m.).
Hannibal «& St. Joseph—
1880
(292 m.).
1881
r
(292 m.).
1882
(292 m.).
1883
(292 m.).
Illinois Central—
1880
(1,275 to 1,321m.).
1881
(1,321 m.).
1882
(1,321m.).
1883
...(1,321 to 1,330 m.).
Indiana Bloom. & Western—
1881
(544 m.).
1882
(544 to 084 m.).
1883*
(684 m.1.
International & Gt. Northern—
1880
(529 to 571 in.).
1881
(571 to 731 m.).
1882
(7)11 to 775 in.).
1883
(775 to 825 in.).
Lake Erie & Western—
1880
(3(32 to 385 m.).
1881
(385 m.).
1882
(385 in.).
1888*
(385 m.).
Louisville & Nashville—
1880
(1,107 to 1,840 m.).
1881
(1,840 to 2,074 m.).
1882 c
(2,0"8 in.).
1883 b
(2,028 to 2,071 m.).
Milwaukee Lake S. *fe West.—
1880
(205 to 250 m.).
1881
(250 to 276 m.).
1882
(276 to 300 in.).
March J April.
Feb.
1XXT
HAND-BOOK
O'
OP
RAILROAD
SECURITIES.
S
-
JULY, 1883.
DESCRIPTION;
INCOME;
PRICES;
DIVIDENDS.
CONTENTS.
Railroad Securities.—
A
STATEMENT
Four
Years
Philadelphia
OP
THE
STOCKS
AND
BONDS
OUTSTANDING-, AND THE EYRNINGS ior
Past, of all Railroads whose securities
or
are
sold in the markets of New York, Boston,
Baltimore.
Highest and Lowest Prices, Monthly.—
UNITED STATES SECURITIES—For the year
1882, and to July in 1883.
BONDS AND STOCKS IN NEW YORK—For the year
1882, and to July in 1883.
BONDS AND STOCKS IN BOSTON—For the year 1882,
and to July in 1883.
BONDS AND STOCKS IN PHILADELPHIA—For the year
BONDS AND STOCKS IN BALTIMORE—For the year
1882, and to July in 1883.
1882, and to July in 1883.
Range of Prices by Years.—
YEARLY RANGE OF ACTIVE STOCKS in
Dividends.—
1881, 1882, and to July, 1883.
,
DIVIDENDS ON RAILROAD STOCKS sold at the
Exchanges in New York, Boston, Philadelphia and
Baltimore, paid prior to July in 1883, and during the six
Railroad
GROSS
1877—1882, inclusive.
Warnings.—
EARNINGS, by months, since January 1, 1880.
PRICE,
TO
years,
BOIM)
IN
SUBSCRIBERS
RED
OF
LEATHER,
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p,|?f^.£^i'%'/'-VfS?.^^ys^tr'A• H‘v',&.'*:T..y.' ''•":*■■ ■'%'■
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JOHN 8. KENNEDY.
J.
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KENNEDY
No.
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WILLIAM
ALEXANDER BARING,
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Issue commercial credits, also foreign and domestic travelers* letters
Ut'FkR
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THE
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OFFERS FOR SALE 5 PER CENT BONDS,
DUE JULY 1, 1902, $1,000 EACH,
Secured by First mortgages oh Improved Farms,
GUARANTEED, PRINCIPAL
,
AND
IXTIRE• T,
BY IT# CAPITAL STOCK OF 01,000000.
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option. These bonds
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sre
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Mo.
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AND
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AND
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SECURITIES.
IN-
TO
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State, City and Railway Securities.
Correspondence solicited.
.
.i ■
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’
iV s,-y;
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Mj-
••
)V,>;
c"
.
.
-
*/
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7
l
1
*
m
\ v-’-VH
•
a
I
JSK
\
'48
OF THE
THE
OF
FOR
1 8 8 3.
*.
}
*
.
■
•
t
,
■1
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Containing Detailed Statements of the Operations and Condition
of Every Railway Company in the Country.
IN ’ ONE
1.
VOLUME.
*■*
•*
1,600 PAGES, CLOTH, ROYAL OCTAYO.
*
PRICE, $5 PER COPY.
*
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Bv HENRY V. POOR.
•.
■
./,
•
-,
now offer to the public the sixteenth annual number of their MANUAL OF THE
RAILROADS OF THE UNITED STATES, a volume greater by 200 pages than any preceding edition, and embodying many
•
:
/
"Messrs. H. V. dt H. W. POOR
and valuable features.
new
,,
:
number of the MANUAL contains for the first time Maps, 50 in all, inserted in the proper places, showing
Territory in the United States.
These maps will add greatly to the interest and value gf the
work, the price of which, however, remains as heretofore.
Proofs of every statement contained in the MANUAL were seasonably forwarded to the several companies for examination
In nearly every instance they have been examined and correct^, or their correctness certified.
The past year has been one of extraordinary activity in the United States in the construction of Railroads, IP,591 miles of
line having been opened for business—a greater extent of mileage than for any previous year. At an estimated cost of only $30,000
per mile, the amount invested in New Works the pabt year equaled about $350,00^000.
It is probable that $75,000,000 were
expended during the year in the improvement and in adding to the motive power or lines previously constructed, so that the
amount of permanent investments made during the past year in our Railroads equaled the sum of $425,000,000. The total
amount expended to the close of 1882, measured by the amount of the Share Capital and Debts, equaled $6,895,664,859, of^
which $3,456,078,196 was share capital; $3,184,415,201 funded, and $255,170,962 floating, debts.
The earnings of the Railroads of the country for 1882 equaled $770,356,716, of which $202,140,775 were received for the
transportation of passengers and $506,367,247 for the transportation of freight, and $61,848,734 from miscellaneous sources.
Their net earnings were $310,682,877, out of which were paid interest, $149,295,380; dividends, $102,031,434.
The number of names of Railroad Companies contained in the Index of the MANUAL is about 1,700. A large number of
J-hese have been consolidated with others; of all, full and careful statements are given, showing the amount of their Share
Capital, Funded and Floating Debts; of their operations, of their gross and net earnings for the year, and of the disposition
The present
'
the Railroads of each State and
,
made of the latter.
For all the leading lines, and as a means of
m
forming correct estimates of the value of the securities, condensed statements
given, showing, among other things, their Share Capital and Indebtedness, and their gross and net earnings and payments
from earnings for a consecutive period of seven years previous to and including 1882.
A work, the only one of the kind that
gives all that can or need be known of all our Railroads for the past year, and of their condition and operations for a period
covering seven years, is an indispensable companion to every capitalist and business man, and to every subscriber of the
are
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Price of the work, 1,500 pages, $5 per copy.
The MANUAL for 1883 is now ready for delivery.
H.
New
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V.
&
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POOR,
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