Full text of Commercial and Financial Chronicle : August 25, 1883 : Investors' Supplement, Vol. 37, No. 948 [Copy 2]

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C OMMERCIAL &

INANCIAL CHRONICLE.

[Entered according: to act of Congress, In the year 1883, by Wm. B. Dana & Co., in the office of the Librarian of Congress, Washington, D. C.]

NEW

YORK, AUGUST 25, 1883.

INVESTORS’ SUPPLEMENT
OF THE

Ht jfiiramml (J^rornde.
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
t h e C h r o n i c l e . Single copies are sold at $2 per copy.
W I L L I A M B . D A N A & CO., P u b lish ers,
79 & 81 William Street.

R A IL R O A D D E F A U L T S .
"We have frequently called attention in the I n v e s t o r s ’
S u p p l e m e n t to the freedom from large failures and
defaults that is distinguishing the present period of
depression in railroad circles from that of 1873-78.
In the two years and eight months since the 1st of
January, 1881, we have built about 25,000 miles of new
railroad in the United States, and although the times have
not been favorable for nearly two years past for the
floating of new enterprises, and there has been a fall in
the market value of all securities on our Exchanges, we
have been singularly exempt from those painful collapses
of railroad undertakings that came in such plentiful
frequency after the crisis of 1873, and contributed so
much to disturb and agitate the financial atmosphere for
years afterward.
This absence of disasters we have aseribed 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
upon the business which they created in building the new
mileage, the additions to our railroad system in
recent years have been to a very large extent the
result of work prosecuted by old 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 an increase in the business over the old lines of
the same 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.




There have been 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
tion the price at which the bonds are issued, there has
often been a 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
compulsory,- thus confining the charges to interest on a
first mortgage and equipment debt; barring one or two
exceptions of roads notoriously built as a money-making
operation simply, there has probably also been less reck­
lessness in building or duplicating lines where they were
not wanted for years to come. But while each of these
causes is to be credited with a certain influence in
accounting for the present immunity from railroad sus
pensions, probably all the others combined are entitled to
less weight than the one fact first mentioned, that the new
mileage has been so largely built under the patronage of
old or strong companies.
It is for the latter reason mainly that up to the present
time so little ill effect has been experienced from the large
expansion in our railroad mileage. Only a few minor
companies have defaulted on their interest, and reference
to these will be made below. By companies in default we
mean 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
had- to fund their coupons or ask an extension of time,
one way or another, on their annual payments. Among
these may be classed the Richmond & Allegheny, the
Louisville Evansville & St. Louis, the Little Rock & Port
Smith, the Toledo Cincinnati & St. Louis, the Connotton
Yalley, the Danville Oiney & Ohio, the Massachusetts
Central, the Denver & New Orleans, the Denver Utah &
Pacific and the New Y ork City & Northern.
W ith 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 Dtlphos & Burlington Railroad, which
was organized in 1879, but its active existence may be
said to date from the early part of 1881.
A t 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 crops of 1880 were remarkably good, and all railroads
were at that time enjoying a large traffic. In March,

11

IN V E S T O R S '

SUPPLEM ENT.

1881, the Dayton *& Southeastern, in operation from Dayton to Wellston, Ohio, was taken into the system, and
thenceforward it began to attract considerable notice.
It is a narrow-gauge road, and enlisted its chief support
through the active pushing of the bankers and financial
agents of the company, Messrs. Geo. W m . Ballou & Co.,
who have been largely identified with the enterprise
almost from its inception.
There was some little
trading in the securities- here for a time, but the bulk
o f the transactions have always been made in Boston. The
benefits to result from making the road narrow gauge,
instead of standard, were enlarged upon with much volu­
bility. It would cost less than a wide-gauge road, and
could also be operated for a very much smaller percentage
o f gross earnings. A t any rate, “ Delphos” was then
Boston’s favorite among the new roads, and at one time
the stock sold at the New Y ork equivalent of 38.
Of course, such a considerable railroad property as this
could not be left with a terminus at so insignificant a place
as Kokomo, and St. Louis was selected for its destination
in the one direction and the Ohio river in the other, and the
road was to be made one of the longest narrow-gauge sys­
tems on the continent. Accordingly, the Toledo Cincin­
nati & St. Louis Company was organized for the purpose
o f extending the line to St. Louis. This company took
within its folds the Frankfort & Kokomo, whose termini
are indicated in the name, and then went boldly to
work to build the extension to St. L mis.
The
new project, however, was launched at an unfortunate
time. There was no longer any public appetite for new
railroad securities, and money was not so readily forth­
coming as had been expected. Still, confidence in the suc­
cess of the enterprise was apparently very strong, and if
there was no profusion of money there was at least enough
to push the work steadily on. A s the Cincinnati & St.
Louis had been formed mainly in the interest of the Del
phos & Burlington (which, in addition to the Dayton &
Southeastern, had absorbed the Iron RR., a small coal
and iron road on the Ohio River, in 1881), it was con.
eluded to merge the two Companies into one, under the
name of the former, and this was accomplished in March*
1882. Mr. J. M. Corse, the former president, gave place
to Mr. R. M. Pomeroy, and as $1,500,000 had been ad­
vanced by a syndicate of Boston capitalists, on a deposit
©f a lot of the company’s securities and other assets, it
seemed as if all difficulties had now been overcome.
Certainly, those Boston people who had become a little
dubious about the enterprise, felt reassured of its ultimate
success.
W hen in the summer of 1882 a revival was mani­
fested on the Stock Exchanges, the company’s securities
shared in the upward movement to a decided extent, and
the “ Delphos trusts,” meaning the certificates representingthe securities on which the 1£ million loan had been raised,
gave evidence of becoming “ one of the most profitable
subscriptions on record.”
A t the values then ruling
fo r-th e various securities in the trust, the certificates
were nominally worth over 170, but still they would sell
at only 105. In November, 1882, the subscribers to the
Trust were called together to hear the report that as some
©f the money subscribed for the completion of the road
had been by their permission diverted to other uses, such
as retiring floating debt, &c., some $360,000 more were
immediately needed to accomplish the original objects of
the Trust.
The subscribers magnanimously agreed to
assess themselves 25 per cent in addition to their original
subscription— taking some more of the company’s securities in return— and thus provide $375,000. This naoney,
it appears, was not paid in as quickly as it had been sub­




[VoL. X X X V II.

scribed, so in the very next monthT an urgent appeal was
made to the subscribers to meet their assessments promptly,
lest the property be forced into bankruptcy. . Simultane­
ously there came the further announcement that at least
$800,000 more would have to be raised to put the com­
pany in good working order to meet the large business
which it was to get. The money was raised (on 8 per
cent debentures), two years’ coupons were funded, and
Mr. E. B. Phillips accepted the presidency.
When under Mr. Phillips’ management the road finally
succeeded in reaching St. Louis, and a consolidation with
the Cincinnati Northern, another narrow guage road con­
trolled in the same interest and affording an entrance into
Cincinnati, was effected, it really did seem as if the com­
pany had passed the most serious crises in its career, and could now look forward to comparatively smooth times.
But even the last estimate was destined to be too small,'
besides which the subscribers were backward in their
payments, so some weeks ago the report came that the
company was again urgently in need of funds. This
time the Seney party, rumor said, was to furnish the
necessary means, and color was given the story by the
admission of some of their number into the directory of
the company. A t that period the stock sold at about 8.
What the Seney party did or intended to do is not clear,
but in the latter part of July it was deemed best to ask
for the, appointment of receivers. It was said that there
was a large floating d e b t’t that the local aid promised was
not forthcoming, &c., &c. The stock dropped to below
1 in Boston.
- Such is the history of a most remarkable concern, and
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
concerned) that has failed in the recent period of won­
derful railroad, extension. It will be seen that it differs
in all its essential characteristics from almost every other
company that has largely prosecuted the work of new
railroad construction within the last two years. It was
not an old company with a profitable business back of it
but a new company with all its business to be worked up.
A s to the other minor roads mentioned as having
become embarrassed, some are subject to the same criti­
cism as the Toledo Cincinnati & St. Louis, and others
have individual peculiarities or misfortunes of their own
which account for their embarrassment. The Connotton
Valley, as a narrow guage, has had a very similar expe­
rience to the Toledo Cincinnati & St. Louis, with the
additional disadvantage that while it has a desirable ter­
minus at-one end (Cleveland) it has only a local terminus
at the other, with no money or encouragement to extend
the line any further.
The Danville Olney & Ohio, originally a narrow guage,
is a broad guage now, but it has no termini of any conse»
quence. It was projected to run to the Ohio River, but it
has got scarcely half way there, and the funds to complete
it are lacking. The road is in a section of country quite
liberally supplied with railroads, as indeed is the case
with the narrow-guage roads above mentioned.
The Richmond & Allegheny passes through a good
section of country, not over supplied with railroads, but
the earnings have proved insufficient. Messrs. James G
Blaine, William H. Barnum, Hugh McCulloch, and other
distinguished gentlemen, were at one time actively inter­
ested in the company, and it was probably by the assist­
ance of their names and their energy that the stock sold
as high as 80, while now down to 5 or 6.
The Louisville Evansville & St. Louis is perhaps better
situated than any of these, since its line of road is com
pleted, and in conjunction with the St. Louis division.

A ugust ,

1883.]

IN V E S T O R S '

SU PPLEM EN T.

iii

o f the Louisville & Nashville forms a pretty direct route I obtain an idea of the position of the delinquent concernconnecting two populous cities, St. Louis and Louisville. I 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
treated with indifference. W h y should not the same rule
in good trim.
that
applies to private insolvencies be made to apply to
The Massachusetts Central does not properly belong to
corporate
insolvencies, and the Receiver of a defaulting
the present era. The panic of 1873 dealt it its first blow,
railroad
company
be compelled to furnish a detailed state­
and though it was revived in the prosperous times suc­
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 some from the failure of the cotton
crop in 1881, and accumulated a moderate floating debt,
but was more seriously affected by a decision of the courts
that the State bonds issued in aid of the railroad had a
claim on the property preceding that of the mortgage
bondholders.
The Denver & New Orleans is parallel to other roads in
a new country where mining business has dwindled of late
years, and it has been subject to great annoyance by the
older lines. The construction company prosecuting the
work, pledged a large amount of the railroad company’s
stock and bonds as security for loans which it was unable
to take up, and the securities have consequently been ad­
vertised for sale. It has recently been understood that the
stockholders of the railroad company would come to the
rescue and save the property. The Denver Utah & Pacific
belongs in much the same category as the Denver & New
Orleans. A s in the case of the latter, the road lies in
Colorado and has been built by a construction company,
and, as in that case, the money with which to carry on the
work was raised on a pledge of the road’s stock and
bonds.
The notes falling due before the construction
company could take care of them, the securities are now
advertised for sale like those of the Denver & New Orleans.
The difficulty with the New Y ork 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
share of the Boston traffic to and from New York. A s is
known, the road forms, in connection with the New York
& New England, a complete through route between this
city and Boston, and it was supposed that on its completion
the road would at once come in for some of the important
traffic between those points, but for some reason or other?
probably on account of a difference in views among
the managers of the respective companies, this class of
business is still out of its reach.
Bringing all these various roads together, we find that
the actual amount of defaulted indebtedness represented
by them aggregates 45 million dollars, as appears by the
table below. W e have included in the list neither stock
nor income bonds, but simply the obligations on which
the payment of interest was compulsory, so that the table
correctly reflects the extent of the disasters as affects
those who held the securities for the annual interest pay­
ments which they were supposed to bring. The table is
believed to be approximately correct as respects each
particular road.
It is not always easy, however, to get at the exact
figures in the case of railroad insolvencies. W hen a
private debtor fails, he is expected to furnish his creditors
with a. schedule of his assets and liabilities at the earliest
opportunity. When a railroad corporation fails, the creditors
must ransack back reports and current newspaper items to




Connotton V alley —
1st consol. 5s and 6s, 1922.................................................. $5,594,000
D anville Olney & Ohio—
801,000
1st mortgage 7s, 1910................................................ ..........
D enver & New Orleans—
1st mortgage............................................................... ............
2,286,000
D enver Utah & Pacific —
412,000
1st mortgage 6s, 1911....................- ...................- ............ .
Louisville E vansville & St . L ouis—
1st mortgage 6s, gold, 1921.......................... .......................
3,900,000
2d mortgage 7s, gold, 1902................... ......... .....................
1,000,000
Little B ock & F ort Smith—
1st mortgage land grant 7s, 1905..... ........................ .........
2,476,500
Massachusetts Central—
1st mortgage gold 6s, 1900............•..____ . . . . . . . . . . . . . . . .
3,500,000
N ew Y ork City & Northern—
264,000
1st mortgage 7s, 1908........................... ............. .......... ......
Consol, mortgage 6s, 1910........ ...........................................
3,685,000
E ichmond & A llegheny—
1 st mortgage 7 s, gold, 1920................................*.................
4,925,000
2d mortgage 6s, gold, 1916............. ..........Í ............ .......... .
4,000,000
Toledo Cincinnati & St . L ouis—
3,000,000
1st mortgage 6s, gold, 1921.............................................
1st Toledo Delphos & Burlington, 6s, 1910.................. ..
1,250,000
1st Dayton Division, 6s, 1910..............................................
1,000,000
1st Cincinnati Division, gold, 6s, 1921........'......................
250,000
1st Toledo term, trust, 6s, 1910........................................... * 250,000
1st Southeastern Division, gold, 1921.................................
2,250,000
Equipment 7s and 6s.............................................................
2,052,000
500,000
1st Iron Bailroad 6s, 1901....................................................
1st Cincinnati Northern 6s, 1920........................................
1,000,000
700,000
1st Avondale Branch 6s, 1 9 2 1 .................... ............... .
Total................................................. ................................... $45,095,500

One thing is clearly brought out by the embarrassments,
few that they are, of new roads, and that is, that those
entering upon work of this character should clearly
measure the cost, and their ability to defray it, before
embarking upon ventures of any magnitude. ' One of
thè most fruitful causes 6f disaster is the 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 the hands of its creditors. A
railroad enterprise to be successfully carried through
should be provided with at least sufficient money to enable
the company to meet its obligations until the road is in
position to earn its charges out of current business. I f
the projectors be not in position to guarantee that, then
the company will be in danger of embarrassment, for
while it may be a comparatively easy matter to secure the
money from the public at certain favorable times, periods
of depression may come when the public avoid with
scrupulous care all new ventures.
Not only is the
contraction of a floating debt in such circumstances an
I evil, but by reason of the company’s precarious or uncer­
tain condition it must pay very much more for everything
that it buys. If it had abundant cash ready at hand, it
could make the best of terms with the builders. It would
get superior material and superior work at the lowest
rates. Since it has no cash, and no credit, it can not be
exacting in its dealings and must accept what it can get.
The “ block ” system of selling securities has yet to be
I tested in this connection. Finally, it adds greatly to the
strength of a new corporation to find its securities largely
or mainly in the hands of the projectors of the enterprise,
and not dealt out to the public at every opportunity, as i f
fear had seized even the insiders. Some of the heaviest
undertakings of recent times have been carried to a sue»
cessful end with the marketing of only a small portion of
the stock or bonds. That so few disasters have occurred
among our railroads in the present period of depression is
largely traceable to a better understanding of these various
conditions than existed ten years ago. — _ i __ :: ......... '1

IV

IN V E S T O R S ’
IN D E X

TO

SU PPLEM ENT^

NAM ES

OF

("Voi,. X X X V Il.

JRA 1D R V ADS.

For reference to the former name of any company that has been consolidated or reorganized the following is prepared :
to rn «
A iabama
& Tennessee River---- ... .Selma Korne & Dalton. U N I)E R —
Alabama Central.............................East Tenn. Virginia & Georgia.
. Allegany Central............. .................Lackawanna & Pittsburg.
American Dock & Improvem’t Co.. .Central of New Jersey.
Androscoggin & K ennebec..............Maine Central.
Arkansas Valley...................... ...........Denver & Rio Grande.
Atchison A Nebraska......................Chicago Burlington & Quincy.
Atchison & Pike’s Peak.....................Union Pacific, Central Branch.
Atlantic & Great Westem . ........ . .New York Pennsylvania & Ohio.
Atlantic & Gulf — ( .......................... Savannah Florida & Western.
Atlantic Mississippi A O hio............. Norfolk & Western.
Atlantic & Pacific.......................... _. .st. Louis & San Francisco.
Eaitimore Short-Line........................Marietta & Cincinnati.
-Bay City & Saginaw..........................Flint & Pere Marquette.
: Beloit & Madison. . .......................... .Chicago A Northwes
. Boston Clin. Fitch. & New Bed.......Old Colony.
Berks County.......................................Philadelphia & Reading
Boston Hartford & E rie................. .New York A New England.
i ^ - S r}e — v ........................ Lake Shore & Michigan Southern,
Buffalo Pittsburg & Western. . ........Buffalo New York & Philadelphia.
& Missouri...................... Cliicago Burlington &, Quincy.
Cairo Arkansas & Texas................... Missouri Pacific.
Cairo & Fulton................................... Missouri Pacific.
California A Oregon..........................Central Pacific.
Camden A Amboy ............................United Companies of New Jersey.
Cape May A Millville.................. . .West Jersey.
Central Branch Union Pacific------..Central Branch Union Pacific.
Central of Long Island.............. — Flushing North Shore & Central.
: Central Vermont........................'... .Vermont Central.
Cham. Havana A W e s t..................... Wab. St. Louis A Pacific.
Charleston A Savannah....................Savannah A Charleston.
Chicago Cincinnati A Louisville. . . .Wabash St. Louis A Pacific.
' Chicago Clinton Dubuqe A Minn
C. M. A Ss. Paul.
Chicago A Great Eastern.................. Columbus Chic. A Indiana Central.
Chicago A Illinois River....................Chicago A Alton.
Chicago & Michigan Lake Shore — Chicago & West Michigan.
Chicago A Milwaukee..................... .. Chicago A Northwest.
Chicago A Springfield .................. Illinois Central.
Chicago A Southwestern................. . Chicago Rock Island A Pacific.
Chicago St. Louis A New Orleans.. .Illinois Central.
rv110, St. Paul A Minn........................ Chic. St. Paul Minn. A Omaha.
Cincinnati A Baltimore. - . . ............... Cincinnati Wash. A Baltimore.
Cincinnati A Chicago Air-Line---- ..Columbus Chic. A Indiana Central.
Cincinnati A I n d i a n a ...... Cin. Indianapolis St. Louis A Chic.
Cincinnati Lafayette A Chicago...... Cin. Indianapolis St. Louis A Chic.
£ ayton & Theresa..... ....................... Utica A Black River.
Cleveland Mt. Vernon A Delaware..Cleveland Akron A Columbus.
Cleveland Painesyille A Ashtabula.. Lake Shore A Michigan Southern.
* - ^ e d o ...... - - - - - - - - - - -Lake Shore A Michigan Southern.
Col. Chicago A Indiana Central.......Chicago St. Louis ¿"Pittsburg.
Columbus A Indiana 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...............................gi0Ux City A Dakota.
Danville A Vincennes....................... Chicago A East. Illinois.
Davenport A Northwest.,................Chicago Milwaukee A St. Paul.
Decatur A East St. Louis............ .. .Wabash St. Louis A Pacific.
Denver Pacific
..............................-Union Pacific.
“Betroit A Bay C ity...........................: Michigan Central.
Detroit A Eel River...........................Eel River.
H
i M,viii 3 a}lk^ CY ü .................. Detroit Grand Haven A Milwaukee
Detroit Monroe A Toledo................L a k e Shore & Michigan Southern.
................ Detroit Grand Haven A Milwaukee
S
v ^ eoi a Ì Hannibal................ Chicago Burlington & Quincy.
Dubuque Southwestern.................... Chicago Milwaukee A St. Paul.
Easton A A m boy. .............................. Lehigh Valley. '
Elizabeth City A Norfolk........ ........ Norfolk A Southern.
Essex . . ....................................... Eastern (Mass.)
Evansville A Crawfordsville............Evansville A Terre Haute.
Evansville Henderson A Nash ville.. Louisville A Nashville.
Flint A Holly---- - - - - - - - .................... Flint A Pere Marquette.
Florence El Dorado A W ................... Atchison Topeka A Santa Fe.
Florida Central.................................. Florida Central A Western.
Framingham A Lowell...................... Lowell A Framingham.
Frankfort A Kekomo.................. ....T oledo Delphos A Burlington.
Galena A Chicago Union.................. Chicago A Northwest.
Grand Rapids New & L. Shore........Chicago & West Michigan.
Grand River V alley.................. ........Michigan Central.
Great Western (in.)............................Wabash St. Louis A Pacific.
Green Bay A Minnesota............. ....Green Bay Winona A St. Paul.
Greenville A Columbia..................... Columbia A Greenvüle.
Hannibal A Central Missouri.......... Missouri Kansas A Texas.
Hanmbal & Naples . . . ..................... Wabash St. Louis A Pacific.
w o rìm Ìf5tP^ rÌcll.e8ter.......................New York New Haven A Hartford.
TTm8itUì§S & D
............................Chicago Milwaukee A St. Paul.
HoUy Wavne A Monroe................ .. .Flint A Pere Marquette.
Holyoke A Westfield ....... ............. New Haven A Northampton.
Houston A Great Northern...............Missouri Kansas A Texas.
Hudson A River FaUs....................... Chic. St. Paul Minneap. A Omaha.
Illinois Grand Trunk................Chicago Burlington A Quincy.
Illinois A Southern I o w a .................. Wabash St. Louis A Pacific.
Indiana A Illinois Central...............Indianapolis Decatur A Springfield
Indianapolis A Cincinnati ........... Cin. Indianapolis St. Louis A Chic.
Indianapolis Cm. A Lafayette........ Cin. Indianapolis St. Louis A Chic
International A Great Northern---- Missouri Kansas A Texas.
Ionia A Lansing — ......................... Detroit Lansing A Northern.
i ° 3 a P’ rf ? yVestern........................ Burlington Cedar Rapids A North’ll
low a A Dakota................................... Chicago Milwaukee A St. Paul.
Ibwa Midland.................................. Chicago A Northwest.
Iowa A Minnesota............................. 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................ Lake Shore A Michigan Southern.
KdilsindiZOO & South Huven.. . . . . . . . .Michigan Central.
Kalamazoo A White P igeon......... ..Lake Shore A Michigan Southern.
Kansas City A Cameron................... Hanmbal A St. J oseph.
Kansas City A Eastern..................... Missouri Pacific.
Kansas City St. Jos. A Council B .... Chicago Burlington A Quincv.
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
Lake Erie Wabash A St. Louis.......... Wabash St. Louis A Pacific
Leavenworth Atchison A N’west___Missouri Pacific
Leavenworth Lawrence A Galv.......Kansas City Lawrence A Southern




„

____F O R M E R N A M E.

W IL L N O W B E FO
FOU
EB
R-UND U N D E

Leeds A Farmington_______ ____ . .Maine Central.
Lehigh A Wilkesbarre Coal Co.
. .Central of New Jersey.
Lexington A Southern.................. .. Missouri Pacific.
Louisiana A Missouri_______ ___ . .Chicago A Alton.
Louisiana
Western.
r
JW— .......... - ......... ...T exas A New Orleans.
Douisville Cincinnati A Lexington.. Louis ville A Nashville.
Louisyule N. Albany & St. Louis.. ..LouisvilleEvansville A St. Louis.
Lynchburg A D anville.....................Wash. City Va. Mid. A Gt. Southern*
Macon A Augusta............................. .Georgia RR. A Banking Co.
p e s te m -A L ........ .............Central Railroad A Bank Co., Ga.
.............. .Cincinnati Wash. A Baltimore,
Marietta Pittsburg A Cleve..............Cleveland A Marietta.
............................. Connecticut A Passumpsic.
S??*®1“ 8 & Ohio. ---------- - . .......... Louisville; A -Nashville.
atÎÎYÎÜ1 1 1 El,Y,er%..... ....... —— Cliicago A Northwest.
Metropolitan Elevated..................... Manhattan Elevated.
Michigan Air-Line...............'............ Michigan Central.
M in in ?/1
North’n Indiana.......Lake Shore A Michigan Southern.
M w ln lll
J,erseY.......New York Susquehanna A Western.
Western.......................Chicago Milwaukee A St. Paul.
I M-Qnesoî a Central............................. (micago Milwaukee A St. Paul
Hinnesota Valley ........... - - . .......... . .Chicago A Northwest.
I Missisquoi.. . .
. . . . . * ....Vermont A Canada.
[■MissisHippi Central . . . . . . . . . — ..Chicago St. Louis A New Orleans.
Missouri River Fort Scott A Gulf .. .Kansas City Fort Scott A Gulf.
Missouri River R K ........................... Missouri Pacific.
Montclair
— .....N ew York A Greenwood Lake.
Monticello A Port J ervis.................. Port Jervis A Monticello.
IVashua A Rochester............. ............Worcester A Nashua.
Newark A New York.......................... Central of New Jersey.
New Jersey Midland..........................New York Susquehanna A Western.
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 A OSwego Midland........ .New York Ontario A Southern.
New York A Rockaway.....................Long Island.
Newtown A Flushing........................Long Island.
Nues & New Lisbon........................... Cleveland & Mahoning Valley. ~
Norfoik A Petersburg........................ Norfolk A Western.
North Missouri............................ . .Wabash St. Louis A Paoiflc.
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 Ottawa R iv e r ................Detroit Gr. Haven A Milwaukee
Ohm A West Virginia................... ...Col. Hocking Valley A Toledo.
Off Creek. .
.................................... Pittsburg Titusville A Buffalo.
Omaha A Southwestern....................Burlington A Missouri in Nebraska
Ontario Southern............................. Rake Ontario Southern.
Orange A Alexandria................... «..Washington City Va. Mid, A Gt. So.
Ottawa Oswego A Fox River............Chicago Burlington A Quincy.
Pacific of Missouri ......................... Missouri Pacific.
Paducah A Elizabethtown........ . — Chesapeake Ohio A Southwestern.
Pekin Lincoln A Decatur................. Peoria Decatur A Evansville.
Peninsular (Mich.).................... .. .Chicago A Northwest.
Peoria Pekin A Jacksonville........... Wabash St. Louis A Pacific.
Pittsburg Titusville A Buffalo..........Buffalo Pittsburg A Western.
Pleasant Hill A De S oto................. .Atchison Topeka A Santa Fe.
Pomeroy A State Line.................... .Pomeroy A Newark.
Port Huron A Lake Michigan..........Chicago A Lake Huron.
Portland A Kennebec........................Maine Central.
Prairie du Chien................................ Chicago Milwaukee A St. Paul.
Pueblo A Arkansas Valley................Atchison Topeka A Santa Fe.
Quincy Alton A St. Louis......... ....... Chicago Burlington A Quincy.
Quincy Mo. A Pacific......................... Wabash St. Louis A Pacific.
Quincy A Palm yra...................... ....Hannibal A St. Joseph.
Quincy A Toledo... ..... ....................Wabash St. Louis A Pacific.
Quincy A Warsaw........................... .Chicago Burlington A Quincy.
Republican Valley .....................
.Burlington A Missouri in Nebraska.
Rochester A Northern Minnesota .. .Chicago A Northwest.
St. Joseph & Denver C ity ................St. Joseph A Western.
St. Joseph A Pacific....... .................. St. Joseph A Western.
St. Louis Iron Mount’n A Southern.Missouri Pacific.
St. Louis Jacksonville A Chicago__ Chicago A Alton.
St. Louis Kansas A A rizona........ .. .Missouri Pacific.
St. Louis Kansas City A Northern. . .Wabash St. Louis A Pacific.
St. Louis A Lexington.......................Missouri Pacific.
St. Louis Rock Island A C ................. Chicago Burlington A Quincy.
St. Louis A Southeastern.................. Louisville A Nashville.
St. Paul A Chicago............................Chicago Milwaukee A St. Paul.
St. Paul A Pacific................... .......... St. Paul Minneapolis A Manitoba.
St. Paul A Sioux City.......... ............. Chic. St. Paul Minn. A Omaha.
St. Paul Stillwater A T. F — ......... Chic. St. Paul Minn. A Omaha.
Sandusky City A Indiana..................Cincinnati Sandusky ¿Cleveland.
Sandusky Dayton A Cincinnati.......Cincinnati Sandusky A Cleveland.
Savannah Albany A Gulf..................Atlantic A Gulf.
Savannah A Charleston.. . ...............Charleston A Savannah.
Schoolcraft A Three Rivers...............Lake Shore A Michigan Southern.
Scioto A Hocking V alley.................. Marietta A Cincinnati.
Sioux City A Dakota.......................... Chicago Milwaukee A St. Paul.
Sioux City A St. Paul....................... .Chic. St. Paul Minn. A Ohama.
Smithtown A Port Jefferson.............Long Island.
South Pacific (M o .),......................... st. Louis A San Francisco.
South Side, (L. I.)................ ............... Brooklyn A Montauk.
South Side (Va.).................................. Norfolk A Western.
Southern Georgia A Florida............. Savannah Florida A Western.
Southern Minnesota..........................Chicago Milwaukee A St. Paul.
Stanstead S. A Chambly....................Vermont Central.
Steubenville A Indiana........ ............Pittsburg C. A St. Louis.
Tebo A Neosho...................................Missouri Kansas A Texas.
Toledo A Illinois................ ................Wabash St. Louis A Pacific.
Toledo Logansport A Burlington___Columbus Chic. A Indiana CentraL
Toledo Peoria A W arsaw........ ........Wabash St. Louis A Pacific.
Toledo A Wabash...............................Wabash St. Louis A Pacific.
Union................................. .. . , ........ Northern Central.
Union A Logansport......................... Columbus Chic. A Indiana Central.
Union A Titusville............... ; . . . ___ Pittsburg Titusville A Buffalo.
Utah Southern................................... Utah Central.
•
Vermont A Canada........................ ..Consolidated Vermont.
Vermont Central........................... Consolidated Vermont.
Virginia Central...............................Chesapeake A Ohio.
Virginia A Tennessee. . , ................... Norfolk A Western.
Wabash A Western...........................Wabash St,Louis A Pacific. '
Waco A Northwest.............................Houston A Texas Central.
Wallkill Valley................................... Lehigh A Hudson River.
Washington City Va. Mid. A Gt So.Virginia Midland.
West Chester A Philadelphia... __ Philadelphia A Baltimore Central.
West Wisconsin ................... .............. Chicago St. Paul A Minneapolis.
Westem Pacific........................ .. . Central Pacific.
Western Union Railroad.......... .....Chicago Milwaukee A St. Paul,
Wichita A Southwestern................... Atchison Topeka A Santa Fe.
Winona A St. Peter............................ Chicago A Northwest.
Wisconsin Valley....................... ....... Chicago Milwaukee A St. Paul.

STOCK AND

BOND T A B L E S .

N O T E S .
These tables are expressly intended to be used in connection with the information concerning Investment matters, published from week to
week in the Chronicle—to which an index is furnished in the remarks at the foot of the tables. Annual reports are in black-faced figures.
A description of U. S. Government Securities is published in the Chronicle each month, as soon as the official “ Debt Statement” is issued.
Prices of all active Stocks and Bonds are quoted weekly in the Chronicle, and a list of general quotations is published monthly.
The following will give explanations of each column of the tables below :
Description.—Railroads leased to others will sometimes be found under the lessee’s name. The following abbreviations freouentlv occur viz •
M. loi “ mortgage.” s. f. for “ sinking fund,” 1. gr. for “ land grant,” reg. for “ registered,” coup, for “ coupon,” Br. for “ Branch ” euar for
guaranteed.” end.for “ endorsed.” “ Coupon*” indicates that the bonds are coupon, but may be.registered.
Bate o f Bonds.—The date of issue is referred to in this column.
Miles o f Road.—Opposite Stocks, this means the miles of road operated, on which the earnings are based; opposite bonds, the miles covered
by the mortgage.
•
’
Size or Par Value.—These figures are dollars, showing the denominations or par value. The figures “ 100, &c.,” signify $100 and larger.
Rme Per Gent.—The interest per annum is given for bonds, but the per cent of Iasi dividend for stocks; a means gold; x, extra; s, stock or scrip.
When Pay able.—J. & J. stands for Jan. & July; P. & A., Peb. jfe Aug.; M. & 8., March & Sept.; A. & O., April & Oct.; M. & N., May & Nov.; J. & D.,
June & Dec.; Q.—J ..quarterly from January; Q..—P., quarterly from Peb.; Q.—M., quarterly from March.
Bonds, principal when due; Stocks, last dividend.—The date in this column shows the period when the principal falls due of bonds, but the time
when the last dividend was paid on stocks

STATE

S E C U R IT IE S .

Subscribers w ill confer a great favor by giv in g im m ediate notice o f any error discovered in tbese T ables.
DESCRIPTION.
Por explanations see notes above.

Date of
Bonds.

Alabama—Substitution bonds (A) ($7,000,000).
1876 ^
Substitut’n b’ds for RR. (B) ($596,000)............
1876
do
for Ala. & Chatt. (C) ($1,000,000)
1876
Funding “ obligat’ns” (tax-rec’ble 10-20 yrs.).
1880
Arkansas—Funding bonds of 1869 and 1870.. 1869 to ’70
Funding Bonds 1870 (Holford).........................
1870
Levee bonds (or Warrants)........... ....................
1871
Old unfunded debt, including interest............. 1838 t o ’ 39
Sinking fund bds. (Loughborough)Act.Dec., ’74
1875
To Memphis & Little Rock Railroad..... ..........
1869
To Little Rock & Fort Smith Railroad............
1870
To Little Rock, Pine Bluffs & N. Orleans R R ..
1870
To Miss., Ouachita & Red River Railroad.. . . .
1870
To Arkansas Central Railroad................ .........
1870
California—State Capitol bonds............. .......... 1870 & ’72
Funded debt bonds of 18 7 3.............................
1873
Connecticut—War bonds, 20 year___1
1864
War bonds, not taxable, 20 year.. 1 O0^P°n
1865
Bonds, 10-20 year..... .................... . | ■ ?r,,.
1877
New bonds (sink, fd .). „ _______... J re£18t d •,
1883
Delaware.—Refund’g bds., ser. “ A ,” “ B” & “ C”
1881
School bo n d s ......................... -..... ...................
... .
Dist.'pf Columbia—Perm’t imp’t, gold, coup___
1872
Permanent improvement bonds, coupon........
1873
Bds for fund’g (Act June 10, ’79) coup, or reg.
1879
Fund, b’ds <U.S.guar.,Acts June,’74& Feb.,’75)
1874
Market stock, coupon.........................................
1872
^ Water stock bonds, coupon................................ 1871 to ’73
Wash, fund’g, gld,($654,000 are M.&N.,1902).
1872
Florida—State bonds.............. .............................
1871
Gold bonus..............U'i.................. ....................
1873
Georgia—Atlantic & Gulf Railroad bonds..........
1866
Bonds, act of Mar. 12, ’66 (renewal W. & A.)..
1866
Quarterly gold bonds, act of Sept. 15,1870..
1870
Bonds, act of Jan. 18, ’7 2 ................................ 1
1872
Bonds for funding (Act Feb. 19, ’7 3 )...........
Ì873
Bonds to fund coupons on endorsed bonds...
1876
Bonds exchanged for endorsed RR. bonds___
1877
Indiana—Bonds, coup, (pay’ ble after Apr.1,’84)
1879
School fund bonds (non-negotiable)..... ............ 1867 to ’73
Kansas—Bonds, 1861 to ’69, funding, & c......... 1861 to ’69
Bonds for various State purposes..................... 1861 to ’75
Military loan....................................................... 1864 t o ’69

Size or
Amount
par
Outstanding
Value.

$100&c. $6,711,300
100 &c.
539,000
100 &c.
944,000
960,000
i,óòo
1,850,000
1,000
1,268,000
100 &c.
1,986,773
1,000
1,985,955
1,000
412,000
1,000
1,200,000
1,000
1,000,000
1,000
1,200,000
1,000
600,000
1,000
1,350,000
500,000
5ÓÒ &c.
2,698,000
1,000
1,318,500
100 &c.
1,741,100
1,000
1,031,000
500,000
i,óòo
625,000
156,750
50Ö&C.
3,791,000
100 &c.
663,600
100 &c.
954,500
50 &c. 13,991,900
50 &c.
150,000
1,000
376,000
100 &c.
1,739.000
100
350,000
100 &c.
925,000
500
•300,000
500 &c.
3,600,000
1,000
2,098,000
1,000.
307,500
250&C.
300,000
1,000
542,000
1,000
2,298,000
. .. .
585,000
3,904,783
loo&c.
101,475
100 &c.
745,000
346,000

Alabama.—The State gave 30-year bonds, dated July 1,1876,- bearing
2 per cent till 1881, then 3 per cent till 1886, 4 per cent till 1896, and 5
per cent for last 10 years, for old bonds, without any allowance for pastdue coupons. Alabama & Chattanooga endorsed bonds were exchanged
for $1,000,000 of the new bonds, Class C, which bear 2 per cent till 1881,
and 4 per cent for remaining 25 years. For railroad endorsements the
bonds issued bear 5 per cent. In 1880 the new 6 per cent bonds were
issued to retire old 8 per cent “ State obligations.” Analysis of the
debt and funding operations was given in the Chronicle, V. 24, p. 28.
For the $2,000,000 of State 8 per cent bonds issued to the Ala. & Chatt.
RR. under act of Feb. 11, 1870, the State gives thelien on the lands
granted to that railroad, 500,000 to 1,200,000 acres. Tax rate, 1879-80,
7 mills; 1880-81, 6 ^ mills; 1881-82, 6hj mills. The assessed valuation
of real estate and personalty was $123,757,072 in 1879, $139,077,328
in 1880, and $152,920,115 in 1881. (V. 32, p. 182.)
Arkansas.—The State Supreme Court decided Levee bonds of 1869 and
1870 invalid. The State is in default for interest, except on the se'eured
sinking fund bonds (Loughborough) issued under the law of December,
1874. In Jan., 1883, a decision was made by the U. S. Circuit Court,
substantially holding the railroad companies responsible for the State
bonds issued to them. See the references below. Assessed valuation of
taxable property in 1881 $41.843,803 real estate and $58,445,111 per­
sonal, and tax rate 7 1a mills. The following are the latest official assess­
ments :
Real Estate.
Personal. Tax Rate.
1876 .........................................$61,892,881
$31.971.308
10
55,713,115
32,366,893
7
1877 ..........
1878 ....
55,351,488
32,613,686
7^
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 Universitv 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. Tax Rate.
1879 ...................................$466,273,585
$118,304,451
$5-50
1 8 8 0 .................................. 460,694,217
149,656,007
6-40
1881 ..............
464,082,851
146,180,978
6*55
1882 .........................
446,319,940
120,848,453
5-96
_ Connecticut.—The debt of Connecticut was all created originally for
war purposes. Assessed valuation and tax rate per $1,000 have been:
_ Years.
¡8
Real Estate.
Personalty. Tax Rate.
1 8 7 8 ................................... $235,412,691
$99,970,163
1-50
1 8 7 9 ..................
228,987,700
95,901,323
1-50
1880 .......... ........................ >
----------------$327,182,435—-------- —'
1 8 8 1 .................... ..........
$332,170,856
1-50
The assessed valuation of real estate is about 70 per cent of the true value.
—(V. 35. p. 131; Y. 37, p. 127.)
Delaware. —these refunding bonds issued July, 1881, take up out­
standing debt. Series “ A” are $160,000, redeemable 1886; series “ R,




Rate.

3 &c.
5
4 &c.
6
6
6
7
6
6
7
7
7
7
7
v g.
6 g6
6
- 5
3V
4
6
6 g.
7
5
3-65
7
7
6 g.
7
6 g6
7
i g.
7
8
7
6
5
6
6
7
7

INTEREST.
When
Where Payable and by
Payable
Whom.

J.
J.
J.
J.
J.

&
&
&
&
&

J. N. Y., Importers’ & Tr. Bk.
J.
do
do
J.
do
do
J.
Montgomery.
J.
N. Y., Union Trust Co.

.1.
J.
J.
A.
A.
A.
A.
4.

&
&
&
&
&
&
&
&

J.
do
do
J.
J. New York, Nat. City Bank.
O.
N. Y., Union Trust Co.
O'.
do
do
O.
do
do
O.
do
do
do
do
O.
J.
Sacramento, Treasury.
J.
do
do
J.
Hartford, Treasury.
O.
do
do
N.
do
do
J.
do
do
J. Phila., Phila. Nat. Bank.

J. &
J. &
J. &

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

& J.
& J.
& *T.
& A.
& J.
& J.
J. & J.
Jan.
J. & J.
F. & A.
J. & J.
Q .-J .
J. & J.
A. & O.
J. & J.
J. & J.
A. & O.
Various
July.
J. & J.
J. & J.
J.
J.
J.
F.
J.
J.

Wash, or N. Y., Ü. S. Treas.
do
do
do
do
do
do
do
do
do
do
do
do
N.Y., Donnell, Lawson& Co.
do
do
N. Y., Fourth National Bk.
N. Y., National Park Bank.
do
do
do
do
dodo
do
do
do
"
do
N. Y., Winslow, L. & Co.
do
do
N. Y., Am. Exch. Nat. Bk.
do
do
do
do

Principal—When
Due.

July 1,1906
July 1.1906
July 1.1906
Jan. 1, 1900
1899
1900
1900
1860
1905
1899
1900
1900
1900
April, 1900
July, 1885 & ’ 87
1893-94
Jan. 1, 1884
Oct. 1, 1885
May 1, 1897
1903
1886,1891,1901
Jan. 1, 1901
July 1, 1891
July 1, 1891
July 1, 1899
Aug. 1, 1924
July 26,1892
Oct. 1,1901 to ’03
1892 & 1902
Jan. 1, 1901
Jan. 1,1903
Feb. 1,1886
May, 1886
Oct., 189B
July, 1892
April 1, 1886
July 1, 1896
Jan. 1, 1889
April 1,1889
1883 to ’84
1884 t o ’99
1884 t o ’99

$300,000. redeemable July, 1886 to 1891; series “ C,” $165,000, redeem­
able July, 1891 to 1901. There is no State tax levied, nor assessments
made by State officers. (V. 32, p. 500.)
District o f Columbia —The total assessed value of taxable real estate
and personal property is shown below. The interest and sinking fund
on the 3-65 bonds are provided for by Congress, and the amount is
limited to $15,000,000. Real and personal estate, &c., has been
assessed as follows:
Real Estate.
Personal.
Tax Rate.
ii ___
1879....................................$87,491,442
----------------$13,363,920
$15
188a................. ; ................... 87,980,356
11,421,431
15
1881;
.........
88,953,078
10,895,712
15
1882..................................
90,308,495
9,666,272
15
1883........................
92,533,665
9,028,812
15
—(V. 32, p. 69; V. 36, p. 29.)
Florida.—Less the sinking fund of $177,050, the total debt is $1,098,450, which does not include $132,000 bonds of 1857, held by Indian
Trust Fund. About $507,200 of the bonds are held in school funds, &o
Coupons of all bonds are receivable for taxes. Real and personal prop­
erty assessed in 1881, $36,691,823; in 1882, $45,285,977. (Y. 32, p.
Georgia.—The constitutional amendment in 1877 declared void several
issues of bonds and railroad endorsements. There were issued $400,000
4 per cent bonds in 1880, but all except $75,000 taken up and can­
celed. Assessed value and tax rate per $1,000 have been:
Years.
Real Estate.
Personalty. Tax Rate.
1878 .......................... .
$134,635,886
$91,585,832
$5-00
1879 ....: .............................. 134,244,081
90,849,338
3-50
1880 ........ ............................. 139,657,250
99,276,876
3-50
1881 ....................................... 148,057,233
106,195,395
3
—(V. 34, p. 88.)
Indiana.—Indiana made a compromise with her bondholders in 1846,
giving them State stock for one-half of their bonds and overdue coupons,
and Wabash & Erie Canal stock for the balance, about $7,500,000. There
are also outstanding $340,000 5 per cent bonds, due 1901. held by Pur­
due University, aud about $47,000 miscellaneous issues of bonds.
Valuation made in 1881 of taxable property: Real estate, $543,427,442:
personalty, $261,775,350.
Kansas.—Kansas has but a small State debt, but the issue of municipal
bonds was about $14,500,000. The valuations (about one-half of true
value) have been :
Real
Rate of Tax
Total
Years.
Estate.
per $1,000.
Debt.
1879 ....................$101,229,734
$5 50
$1,181,975
18 8 0 .............
108,101,123
5 50
1.181.975
1 8 8 1 ....................----------- -170,813,373
5 50
1.181.975
1 8 8 2 . ; . . . . . . .......
170,974017
5 00
1.181.975
—State funds hold $716,950 of th#bonds.

STATE

VI

S E C U R IT IE S .

[V ol . X X X V II.

Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in these Tables.
DESCRIPTION.
For explanation see notes on first page oi tables,

Date of
Bonds.

Louisiana—Bonds for relief of State Treasury
1853
Ronds in aid of various railroads...................
Levee bonds—Act 35 of 1865............. . .
, "Ì866
do
A ct 115 of 1867........................
1867
do
special—A ct 32 of 1870............
1870
gjjBonds funding coupons.......... ......... ...............
1866
do to Boeuf & Crocodile Navigation Co...
1870
do to Mississippi & Mexican Gulf Canal..
1869
do school, held by St. Treasurer..........
1857
do to N. Orleans, Mobile & Chatt. RR. .
1870
do to N. Orleans, Mobile & Texas R R ........
1871
N. O. Mob. & Texas RR. bonds, end. by State 1869
Consolidated funded b o n d s ............................
1874
Twos, fours and threes (see notes below). . . ' 13
1880
Maine—Bounty loan bonds.................. ) Coup.
1864
Municipal war debt assumed.......... . i or reg
1868
J Four per cent bonds, coupon...........................
1880
Maryland—Baltimore & Ohio Railroad, sterling
1838
Chesapeake & Ohio Canal, sterling..................
1838
Railroads and canals.......... ............................ . 1838-47
Eastern Shore Railroad......................... ..........
1839
Baltimore & Susquehanna Railroad...............
1837
Chesapeake & Ohio Canal.................. ...............
1870
Baltimore & Susquehanna Railroad................
1839
Annapolis & Elkridge Railroad........................
1839
Defense Bounty Loan...................................... .
1868
Certificates of indebtedness for $3,000,000...
1882
Deaf and Dumb Asylum Loan........................ . 1870 & ’74
Maryland Hospital Loan, 10-15 years............. 1872 & ’76
Maryland State Loan.......... . . .........................
1872
Treasury relief loan, 10-15 years. , . .............
1878
Massachusetts—Co&sit Defense Loan.................. .
1863
Bounty Fund Loan.......; ................................... .
1863
Bounty Fund Loan......................... ................
1864
do
do sterling..............................
1864
War Loan, sterling........................................... .
1869
Troy & Greenfield Railroad loan, sterling___ 1858 t o ’61
do
do
home ........ 1861t o ’63
do
do
sterling___
1871
do
do
sterling....
1875
do
do
dollar bonds 1873t o ’74
do
do
do
1875
do
do
do
1877
Southern Vermont Railroad Loan.................. .
1860
Boston, Hartford & Erie Railroad, sterling... 1868 t o ’69
Harbor Land Improvement (5-20s).................. 1874 & ’76
Danvers Lunatic Hospital................................ 1874 & ’77
Lunatic Hospital, Worcester............. ............... 1875r’76
New State Prisons, sterling..................... .........
1875
Michigan—War Bounty Bonds.............................
1865
Minnesota—State Building loan, coupon.. . . . __
1873
Temporary seed grain loan................................
1878
Adjustment bonds, (10-30, redeemable, 1892.
1882
Missouri—State bonds, proper... ‘ ....................... 1865 to '66
^Consolidated bonds.................. .........................
1868
university and Lunatic Asylum bonds........
1872
State Bank stock refunding.............................
1874
Bonds to North Missouri Railroad.................... 1854 to ’58
Bonds to Cairo & Fulton R ailroad................... 1857 to ’59
Bonds to Platte County Railroad................... . 1859 t o ’60
Bonds to Iron Mountain Railroad.................... 1854 to ’59
, Pacific Railroad of Missouri..........................
1853 to ’59
V Funding b o n d s ...,..... ..................... ..................
1874
Hannibal & St. Joseph Railroad...................... 1857 t o ’75
do
do
renewal........
1874
Nebraska—Bonds (act Feb. 14,1877) coupon...
1877
New Hampshire—War loan, coupon bonds........
1864
Municipal war loan.............................................
1872
. Loan of 1879 for refunding............... ...............
1879
Prison loan...........................................................
1879
New Jersey—War loan bonds, tax free................
1861
"War loan bonds, tax fre e .......................... .......
1863
do
do
taxable....................................
1864

Size or
Amount
outstanding.
par
Value.
$500
1,000
1,000
1,000
500
100 &c.
1,000
1,000
1,000
1,000
1,000
1,000
100 &c.
50Ö&C.
100 &c.
1,000
....
....
___
__
___

100 &c.
1,000
1,000
500 &c.
£100 &c
£200
£200 &c
500 &c.
200 &c.
£500
1,000
1,000
10,000
5,000
£200
1,000
1,000
1,000
£500
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100 &e.
1,000
50Ó &c.
100 &c.
100 &e.
100 &c.

) Amount f
of these
l yet fundI able was 1
|$333,300
J Apr., ’ 82 l
80,000
260,000
48,000
70,000
2,500,000
875,000
11,881,700
1,725,665
2,330,000
2,826,900
207,000
1,788,888
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
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
163,000
2,670,000
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

Rate.

INTEREST.
When
Where payable and by
Payable
whom.

6
6
8
6
8
6
8
7-30
6
8
8
8
7
2, 4 ,3
6
6
4
5 g.
5 g.
5
5
3
6
6
6
6
3-65
6
6
6

J. & J.
$15,000
Various
119,000
Various
M. & N.
M. & S.
Amounts not
J. & J.
fundable,
J. & J.
80,000 per report o f
M. & S.
260,000 Jan. 1,1878.
Various
48,000
J. & J.
70,000
A. & O. 2,500,000
875.000
J. & J.
N. Y., Bank of N. Y.
J. & J.
New Orleans.
J. & D.
Boston, Suffolk Bank.
A. & O.
Augusta and Boston.
F. & A.
Boston, Suffolk Bank.
J. & J.
London, Baring Bros.
J. & J.
do
do
Q .-J . Balt., Farm. & Merch. Bk.
A. & O.
do
do
Quart’y
do
do
T. & J.
do
do
do
Q .-J .
do
A. & O.
do
do
J. & J.
do
do
J. & J.
do
do
J. & J.
do
do
J. & J.
do
do
.
do
do
do
% ^ / J. & J.
do
Boston, Treasury.
5 g. J. & J.
J.
&
J.
do
do
5 g.
do
5 g. M. & N.
do
M.
&
N.
London, Baring Bros.
5 g.
do
do
5 g. J. & J.
do
Í 5 g. A. & O.
do
Boston, Treasury.
5 g. A. & O.
London, Baring Bros.
5 g. J. & J.
do
do
5 g. J. & J.
Boston, Treasury.
5 g. J. & J.
do
do
5 g. J. & J.
do
do
5 g- M. & S.
do
do
5 g. A. & O.
London, Baring Bros.
5 g. J. & J.
Boston, Treasury.
5 g. J. & J.
Boston, Treasury.
5 g. Various
do
do
5 g. Various
London, McCalmonts.
5 g. J. & J.
7
M. & N. N. Y., Am. Exchange Bank.
7
J. & J.
St. Paul, Treasury.
do
6
J. & J.
do
4 1« J. & J. N. Y. City, Met. Nat. Bank.
6
J. & J. N. Y., Bank of Commerce.
6
J. & J.
do
do
do
6
J. & J.
do
6
If & J.
do
do
do
6
J. & J.
do
do
6
J. & J.
do
do
6
J. & J.
do
do
do
6
J. & J.
do
do
6
J. & J.
do
do
6
J. & J.
do
do
6
T. & J.
do
do
6
J. & J.
State Treasury.
8 . A. & O.
Concord or Boston.
M. & S.
6
do
do
6
J. & J.
5
J. & J. Bost. ,Nat. Bk. Commonw’lth
do
do
5
J. & J.
Jersey City.
6
J. & J.
do
6
J. & J.
do
6
J. & J.

Principal—When
due.

July, 1893
1872 to 1906
1886
May 1, 1907
March 1,1875
1886 & ’88
Jan. 1, 1890
1899
1897
July 1,1910
April, 1911
Jan., 1914
1886 &1914
June 1,1889
Oct. 1,1889
$50,000 per year
1889
1889
1890
1890
1890
1885
1890
1890
1883
1897
1885 & ’89
1887 & 1891
1887
1888 to 1893
July 1, 1883
July 1, 1883
May 1, 1894
May 1, 1894
July 1, 1889
Apl., 1888 to ’90
April, 1891 to ’94
July, 1891
Jan. 1, 1895
1894
July 1, 1895
Sept. 1, 1897
April 1,1890
Jan. 1,1900
Sept. 1,1896
J’y l,’94-Sepl,’97
M’ y l ’95-Sep 1,’96
Jan. 1, 1895
May, 1890
July 1,1883
Optional.
1912
1883
1888
July, 1892
April 1,1894
1883 t o ’88
1883 to ’89
1889 to ’90
1883 t o ’ 89
1886 t o ’89
July, 1894 & ’95
1887 t o ’95
1894-0-6
April 1,1897
Sept., 1884 & ’89
Jan., ’92 to 1905
July 1, ’89-’90-’91
July, 1883 to ’91
Jan., 1884
Jan., 1886 to ’96
Jan., ’97 to 1902

•
Louisiana.—The Constitutional amendment passed December, 1879,
provided for a new bond m place of consols of 1874. bearing 2 per cent
for 5 years, 3 per cent for 15 years and 4 per cent afterwards, on which
basis the interest charge per year for consols is $235,542. To April,
1882, the 2 per cents issued were $237,300, 4 per cents, $186,150; and
3 per cents (baby bonds), $1,307,105. In June, 1882, a constitutional
amendment passed the Legislature, and was submitted to vote in Novem­
ber, giving new bonds at 2 per cent fo£ five years from Jan., 1880, and
4 per cent thereafter. See V. 35, p. 50. The interest tax alone was 5*2
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
assignee of her bonds, was decided in favor of Louisiana by the TJ. S.
Supreme Court. Taxable valuation for 1881 about $176,000,000. (V.
33, p. 23, 743; V. 34, p. 115, 147, 460, 574; V. 35, p. 50, 71, 336, 456,
486; V. 36,169, 285, 365 ;iV. 37, p. 127.)
Maine.—The debt January 1, 1883, was $5,749,900. The sinking
fund $1,571,185. Tax rate for 1880, 5 mills on valuation of 1870;
1881-82,4^2 mills; 1883-84, 4 mills on State valuation.
Maryland.—The State has largely .assisted canals and railroads, and
holds $3,862,615 of stocks and bonds ranked as productive; the State
also holds $26,515,045 in unproductive securities, which inoludes
$16,760,978 Chesapeake & Ohio Canal interest. The State will ex­
change the “ Defense Loan” at par for new certificates of indebtedness,
to bear interest at 6 per cent until January, 1884, and 3-65 per cent
afterward, redeemable in 15 years. Assessed valuation, &c., have been:
Tears.
Real & Personal. Tax per $100.
1 8 7 8 '.......................................... - .............. $464,425,790
183ic.
1 8 7 9 .. . . . . ................................................
466,637,502
183tc.
1 8 8 0 ;............................................ - .......
459,187,408
18%e.
1 8 8 1 ...........................................................
461,459,939
18%c.
1882 ................................................
.464,824,879 18%C.
~(V . 35, p. 373, 756.)
Massachusetts.—The funded debt, January 1, 1883, was $32,511,680.
The sinking funds were $16,944,263. The Hoosac tunnel and connections
cost the State heavily. Assessed valuation, tax rate, &c., have been:
Real
Personal Tax per
Total
Sinking
Years.
Estate.
Property. $1,000.
Debt.
Funds.
1878 . . . . $1,118,557,164 $761,266,574 $12 54 $33,219,464 $13,448,194
1 8 7 9 .. .. 1,090,749,235 742.533,998 12 78 33,020,464 12,235,248
1 8 8 0 .. .. 1,111,160,072 816,695,358 15 35 32,799,464 13,050,092
1881 . . . .
1,149.965,827 883,886,538 14 28 32,399,464 14,080,465
1 8 8 2 .. .. 1,189,524,370 812,858,614 15 28 32,511,680 16,944,263
The loan to Boston Hartford & Erie Railroad was secured by
“ Berdell” mortgage bonds, afterwards exchanged for N. Y . & N. E. RR.
second mortgage bonds.,




Michigan.—The debt is practically extinguished, as thè sinking fund
has sufficient assets to meet the debt. Equalized valuation of real and
personal property, 1882, about $810,000,000, and tax rate for State pur­
poses 1 4-10 mills on the $1; in 1882, tax rate, 126100 mills.
Minnesota.—All the old State bonds are held by the permanent school
fund. Minnesota refused to recognize the “ State Railroad Bonds” of
1858, to the amount of $2,275,000. A proposed compromise with the
holders was provided for in 1881, and was carried out by the issue of
the 4*2 per cent bonds. Taxable valuations and State tax have been;
Years.
Real Estate.
Personal.
Tax Rate
1878 ....
$183,615,738
$46,175,304
2^
189,246,698
53,525,017
r 5 25
1879 ....................
1880 ......
203,473,637
54,581,906
1*6%
1881 ................................
208,949,184
74,329,190
242,938,170
79.219,445
P85
1882 .................
Tax for all purposes in counties averages 17310 mills. (V. 33, p. 74,125,
282,294,304,329,404,433,469,502,588,687,744; V. 34, p. 32,86,316.)
Missouri.—The tax rate is 40o. per $100 , Bonds maturing are met by
sinking fund. The Hannibal & St. Joseph RR. paid the State $3,000,000
for its debt, but the State refused on Jan. 1,1882, to pay the coupons on
its own $3,000,000 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 :
1881.
1882.
Real estate...........................
$406,104,426
$442,826)742
Personal property...............
163,265,459
170,813,97®
Railroad, bridge and telegraph property
32,353,097
35,626,524
Total...................................
$601,722,882
$649,867,242
—(V. 33, p. 687; Y. 35, p. 236, 763; V. 36, p. 312 ; V. 37, p. 99.)
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 time value) and tax rate
per $1,000 have been:
Personal,
Years.
Real Estate.
Railroad, &c.
Tax Rate.
18 7 8.. . . . .............
39,263,823
35,125,713
6371«
1 8 7 9 .. . . . .......................... 38.378,409
36,981,389
6 371«
1880 ...............................
53,850,147
36,649,471
4 00
1881 ..................................?— -------------93,142,456------------- t
1882.. . . . . . . . . ....................
98,537,475
Hew 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. 36, p. 285.)
New Jersey.—The debt was created for war purposes. Of the first
class of bonds the principal is payable $100,000 per year. Valuation
of real and personal property (taxable) in 1881. $527,451,222, against

A ugust ,

1883 ]

STATE

T il

S E C U R IT IE S *

Subscribers w ill confer a great favor by g iv in g im m ediate notice o f a n y error discovered in these Tables.
DESCRIPTION.

Date of
Bonds.

For explanations see notes on first page of tables
NewYork—
[
„
„ ^
f
Canal debt, I Under Art. 7, See. 3, of Con-1
reg. stock. 1 stitution, and Art. 7, Sec. 12. |
North Carolina—Fonding bonds tax-receivable.
Old bonds not funded.........................................
Bonds to North Carolina Railroad....................
Bonds for N. C. RR. issue (tax 'receiv’ble cps.)
RR. bonds, not fundable (Chatham and W.&T.)
Penitentiary bonds, act Aug. 24, 1868............
Special tax bonds...............................................
Ohio—Registered loan of 1881.............................
Registered loan, nay able after Dec., 1886 —
Pennsylvania—Reg. bonds, tax fr., (red’ble ’92)
Registered bonds, tax free, 15-25 years..----Loan of February, 18S2 (registered).............
do
do
in ten series............
Agricultural College land s c r ip ..................
Rhode Island—War bonds..................................
War bonds............. .................. .....................—
.........................................- ....... - ........do
South Carolina—State House stock and bonds .
Funding bonds and stock........ ........................
Blue Ridge Railroad bonds............. . . . ............
Funding bills receivable..........i . . . .......... - —
Payment of interest............. . ................-......... .
Funding bank bills/............. ............... ............
Conversion bonds and stock........ ....................
Consol, bonds and stock (Brow n)....................
Tennessee—Funding bonds, act of 1 8 7 3 .... . . . .
Bonds regist’d, act of 1873,($292,300 are 5s).
Held by E.T. University (not to be funded)...
Compromise bonds (act of May 20,1882).......
Texas—Funding State debt (act May 2,1871)..
Frontier def’se,gold,act Aug.5,’70(red’ble ’91)
Revenue deficiency bonds, act Dec. 2,1871. .
Bonds, act Mar.,1874 (forpaying float’gdebt)
Redemption of debt, act Aug. 6, ’76...............
Bonds, act April 21,1879..................................
Bonds to State University and School Fund..
Bonds issued to School Fund.............................
Virginia—Old bonds. ^3 fundable . : ....................
Old oonds, sterling, not required to be funded
Consol.) Act Mai. r71) coup, tax receivable—
do
do
reg., conv. into cou p...
do
(Act 1872) “ Pealer,” cp. not rec’ble .
Deferred certificates (W. Va.)..........................
New funding bonds, 10-40s, ($449,300 reg.).
do
do
sterling...........................

Amount
Size or
par outstanding.
Value.

Rate.

INTEREST.
Where Payable and by
Whom.

When
Payable

Principal—-When
Due. " "

Oct., 1893
$473,000
6 g. J. & J. N. Y., Manhattan Co. Bank.
$100&c.
July, 1887
do
1,562,900
6 g. J. <Sc J. . d o
100 &c.
July
1,1891
do
do
6 g. J. & J.
100 &c. 4,302,600
Oct. 1,1892
do
do
2,000,000
6 g. A. «Ss O.
100 &e.
1909
J. & J. N. Y., Nat. Bk. of Republic.
4
2,600,641
50 &c.
1868 to '98
do
do
Various
6
3,806,300
500 &c.
1883 to ’85
do
do
Various
6
1,075,000
1,000
1912
do
do
A.
<
S
c
o.
6
1,720,000
1882
1,000
1868 t o ’98
do
do
6
1,180,000
1,000
Oct.,
1898
New
York.
A.
&
o.
6
44,000
1,000
1868
1898 t o ’99
do
A. & o.
6
1,000 11,366,000
At
will,
1883-’88
N.
Y.,
American
Exch.
B’k.
J.
«
S
c
J.
4
2,175,000
100 &c.
1881
Jan., 1887
do
do
J. «Sc J.
6
2,400,000
1856
100 &c.
Feb,
1,1902
Phila.,
Farm.
<
S
c
Mech.
B’k.
F.
& A.
5
8,000,000
100 &c.
1877
Aug. 1, 1904 >
do
do
F. & A.
4
2,000,000
100 &c.
1879
Feb. 1,1912
do
do
6,940,000 3*2 & 4 F. & A.
1882
50 &c.
Aug. 1, ’83 to ’92
do
do
1882
50 «Sec. 2,500,000 3^2 & 4 F. & A.
1922
Harrisburg Treasury.
500,000
6
1872
April 1,1883
A. & O. Providence, R. I. H. <ScT. Co.
6
199,000
1863
1,000
July
1, 1893
do
do
J. <Sc J.
6
631,000
1,000
1863
Aug. 1, 1894
do
do
F.- <Sc A.
6
738,000
1864
1,000
1871 & ’81
6
J. & J. Columbia, State Treasury.
158,783
1853 t o ’54 1,000
27,450
6 g. J. <Sc J. Columbia and New York. July 1,1887 t o ’97
1866
July 1,1875 to ’79
Columbia, Treasury.
61,000
6 g. J. & J.
1,000
1854
July 1,1888
18,000
6 g. A.. & O. Columbia and New York.
1,000
1868
July 1,1888
do
do
128,000
1,000
6 g. A. <Sc O.
1868
July 1,1889
&
J.
do
do
J.
58,200
500,&c.
6 g.
1868
July 1,1882
do
do
69,700
500,&c.
1869
6 g. J. & J.
July 1,1893
6
J. «Ss J. N. Y., National Park Bank.
4,152,613
1874
500 &c.
July 1, 1914
Nashville, Treasurer.
J. & J.
(?)
6
1874
1,000
1875 to 1900
do
do
J.
«
S
e
J.
5&6
1,000
Various.
(?)
Various.
do
do
J. «Se J.
397,000
6
1,000
Jan.
1,1912
New
York
or
Nashville.
8,224,351 3, 4, 5, 6 J. «Se J.
1882
500,&C.
1891
State Treasury.
Various
6
67,000
1872
1911
New
York,
Bank
of
N,
Y
.
499,000
1,000
1871
7 S- M. «Sc S.
1892
do
do
467,000
1872
1,000
V g- J. «Se J.
March 1,1904
do
do
288,000
1874
1,000
7 g. J. «Se J.
July, 1906
1,647,000
1876
1,000
6 g. J. & J. New York «ScState Treasury.
1909
do
do
5
J. «Se D.
1,068,900
100 &e.
1879
216,641
5
6
320,367
1886 to ’95
6 . J. «Se J. N. Y., Winslow, L. <SrCo.
3,030,088
1851 t o ’66 500 &e.
1886
J. «Se J. London, Baring B. <Sc Co.
5
£100 &c 1,302,851
1851
Richmond, Treasury.
1905
6
J. «Se J.
100,&c. 13,474,800
- 1871
1905
do
J. «Se J.
895,147
6
100, &c.
' 1871
do
J. «Se J.
2,394,305
6
1872
100,&c.
Contingent
J. <Sc J.
6
Various 15,239,370
1871
1919
8,171,600
3 to 5 J. «Se J.
1879
1919
346,000
3 to 5 J. «Se J.
1879
—;
1875
1872
1873
1874
1879

.

.

$518,617,518 in 1880, $508,892,338 in 1879 and $531,851,849 in 1878. Dec. 24, 1879, and February, 1880. In November, 1882, the consols
stood at $5,429,928, which amount was made up as follows : Brown
State school tax, 2 mills.
actually issued, $4,152,613; green consols not yet exchanged,
New York.—The financial condition'iof the State has been fortified by consols
$1,982,391
amount invalid, $705,077; balance, $1,277,314; total,
the payment of all debt except the canal debt, as above. The sinking $5,429,928. less
The old issues yet fundable stood as above. Valuations
funds in January, 1883, amounted to $2,085,499. The new Capitol and rate of tax
per
$1,000 have been :
building has cost the State thus far $13,000,000, but this has been paid
Real Estate.
Personalty.
Railroads. Tax Rate.
for by taxation. Valuations and tax rate for State purposes have been: Years.
18787
9
...
$85,633,873
$40,083,341
$6,520,772
2\
/
Real Estate.
Personal.
State Tax. 1879-8 0 ... 76,583,866
36,574,858
7,392,900
1 8 7 8 ........... 1.......... ...$2,373,418,490
$364,960,110
29ig
18808
1
...
77,609,666
41,785,768
13,767,400
.
5
1879 ..................... . . . . . 2,333,669,813
352,469,320
28331000
—(V.33, p. 12, 589.)
.1
1880
2,315,400,526
322,468,712
3*2
1881
2,340,335,690
340,921,916
2% x
Tennessee.—A funding law was passed (act of May 20,1882) without
1 8 8 2 .......................
2,432,661,378
351,021,189
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
—(V. 32, p. 70.)
1882-83, 4 per cent in 1884 and 1885,5 percent in 1886 and 1887,
North Carolina—Interest has been paid on bonds issued to No. Caro­ and 6 per cent 1888 to 1912. Exchanges were made in New York July,
lina RR., as the State holds $3,000,200 stock and receives dividends 1883, and $8,224,351 of these compromise bonds were issued. The
thereon. The funding law of Mar. 4,1879, provided for funding oM ante- Legislature of 1883 repealed this law and passed a new one adjusting
war bonds at 40 per cent of the face value ; “ New ” railroad bonds recog­
debt on the basis of new bonds at 50 per cent of the face value of
nized as valid at 25 per cent; funding bonds of 1866 and 1868 at 15 the
old, and bearing 3 per cent interest; the old State debt proper o f
per cent. Nothing for overdue coupons. Coupons of the new bonds $2,118,000 is made an exception and new 6 per cent bonds are to be
are receivable for taxes. The funding ended January 1, 1882, but issued for that at the face value. Assessed valuations and tax rate
was continued in April, 1883, t>y a new law. If all were funded tlie per
$1,000 have been as follow s:
new 4 per cents would be $3,589,511. Special tax bonds are ignored,
Real Estate.
Personalty.
Railroads.
Tax Rate.
and also bonds to Chatham RR. 1868, $1,030,000, and to Williamston & Years.
18
7
7.. .. $212,589,045
$24,319,803
$ .............
$1
Tarb.RR., $150,000, and for Penitentiary under acts of 1868.
............... .
1
20,871,338
The old North Carolina RR. construction bonds are exchangeable for 18 7 8.. .. 202,340,815
18
7
9..
..
196,165,644
16,952,036
..................
'
1
the new 6s, due 1912 (see V. 35, p. 132), and many holders have already
16,133,338
16,375.894
1
bo exchanged. Assessed valuation of real estate is about 60 per cent of 1880.. ’ . 195,635,100
—(V.
34,
p.
178,
205,
231252,
428,
461,
522,
596;
V.
35,
p.
183,
457,
true value. Valuations and tax rate per $100 have been:
763;
V.
36,
p.
18,
170,
254,
286,
332,
724;
V.
37,
p.
49.)
Personalty. TotalV aluation. Taxpr. $100
Years.
Real Estate.
$142,308,102
38
$51,228,268
Texas.—The old high-rate bonds have been redeemed and low-interest
1878 .......... $91,079,834
156,268,241
24
54,468,817
1 8 7 9 ........101,799,424
bonds issued. Assessed valuations and rate of tax per $1,000 have been:
169,916,907
28
67,568,691
1 8 8 0 ........102,348,216
Total Val’tion. Tax Rate.
Years.
Real Estate.
Personalty.
167,738,639
28
......... 62,995,728
.
.
1 8■8_1 ........104,742,911
$303,202,424
$5
1878.. .. $187,722,374
$115,480,050
(V. 33, p. 528, 560, 642,744; V. 34, p. 378, 550; V. 35, p .2 2 ,132, 339; 1879.. .. 186,297,495
300,525,407
5
114,227,912
V. 36, p. 8 1 .170> 399.)
318,970,736
....
18 8 0.. .. 197,167,630
121,803,106
Ohio—Ohio has a very small State debt, but large local debts, amount­ 18 8 1.. .. 216,228,017
357.000. 000
....
140,000,000
ing in 1882 to $45,766,351, against $25,957,588 in 1875, this increase 1882..............................................................
400.000. 000
3
being mainly in Cincinnati debt. Valuations in Ohio have been as follows- —(V. 34, p. 329.)
Real estate. Personalty.
Real estate. Personalty.
Virginia.—The accumulated arrearages of interest on the debt proper,
$1,102,049,931 $456,166,034
1860 . $639,894,314 $248,408,290 1880.
1 8 6 6 .. 663,647,542 442,561,379 1881. 1,101,457,383 485,750,196 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
1878. 1,091,116,952 461,460,552 1882. 1,116,681,655 518,229,079
bonds are 10-40 year bonds, and bear 3 per cent for 10 years, 4 per cent
1879. 1,093,768,904 442,979,885
for
20
years,
and- 5 per cent for 10 years, coupons tax-receivable.
State tax rate for 1881-82, 29i0 mills; for 1882-83, 2910 mills.
In February, 1882, the Riddleberger law for readjusting the debt and
Pennsylvania.—Sinking fund December, 1882, $2,017,073. -Revenue the laws known as “ Coupon killers” Nos. 1 and 2, were passed, (see V.
is raised principally from corporations. Taxes are levied on personal 34, p. 88).- The Supreme Court of the U. S. held (V. 36, p. 285) that the
property. The State holds $5,775,000 of railroad bonds. Any coupon law requiring the validity of the coupons to be established before a
bonds mav be changed to registered. Total valuation in 1882, $1,664,• State court did not impair the contract making them receivable for
847,494; la x rate, $3. (V. 33, p. 623; V. 34, p. 20.)
taxes, and was therefore constitutional, but the case is to be reopened
same court on appeal.
Rhode Island—The debt was all created for war purposes. In Jan. inAssessed
values in 1880 w ere: real estate, $234,272,951; personal,
1883, the net debt, less sinking fund, was $1,382,315. The State valua $70,391,018. The receipts of the State Treasury in 1880-81 were
tion of real property m 1882 was $328,530,559; tax rate, 15 cents on $2,632,345, and current expenses, $2,152,028, leaving $480,317 bal­
$ 100.
ance. Tax rate, 5 mills. The U. S. Supreme Court in January, 1881,
South Carolina.—The funding law of Dec. 23,1873, provided for seal; held the coupons of consol, bonds not taxable by the State. (V. 33, p.
ing down the old debt 50 per cent. The consols were again “ re-aajusted 562 ; V. 34, p . 88, 179, 379, 489,541, 715; V. 35, p. 52, 79,104, 267,
in 1879. The several acts were passed Dee. 3,1873, Dec, 24,1878 603; V. 36, p. 18, 235, 286, 304, 332, 445, 471, 561.)




T ill

c it y

s e c u r it ie s

:

[V oi .. X X X V II,

Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered In these Tables.
DESCRIPTION.
For explanations see notes on-firstpage of tables

Date of
bonds.

Size or
value.

Amount
outstanding.

Albany, N. P.—Purchase Congress Hall Bloch.
1866
$1,000
$150,000
City improvement.......................... ...............
1870-’71
1,000
448,000
Washington Park............................ ............... !.
1870-’82
1,000
1,044,000
New Post Office site.................................11"!! I
1874
1,000
115,000
High School............................................ . . . . . I
1875
1,000
30,000
Water debt ($400,000 due 1900-3, are 7s)......
Y.874-’80
1,000
1,100,000
Western Avenue improvement bonds............
1877
1,000
117,000
New City H all:..................................................
1882
1,000
145,000
South Pearl Street b on d s.............
". !
1882 \
62,000
Bonds loaned to Albany & Susquehanna RR.
1865
1,000
860,000
Atlanta, Oa'.—Bonds for streets,&c..................... ’66-’67-’72 500 »fee.
265,000
Bonds, A. L. Railroad for and State House. I. 1869-’70
1,000
400,000
Bonds for West. RR. and floating d eb t.......... 1872 <fe’77 500 »fee.
418,000
Bonds, 1st and 2d series, waterworks.......... .
1874
1,000
430,000
Redemption bonds. .............. .......... ................
1877
500 »fee.
77,000
do
......................
1875.
1,000
52,000
do
........................................ i.,
1881
1,000
68,500
Augusta, 6a.—Bonds for various purposes.......
Various. 250 »fee.
2,061,000
Baltimore—Consolidated loan of 1 8 9 0 ...........
Various. 100 »fee.
7,306,546
Water loan, reg. stock, red. at will after 1916
1877
100 »fee.
5,000,000
Funding loan, reg. stock, tax f r e e ..__ ..:
1878
100 »fee.
1,000,000
Consolidated bounty loan......... ..................
. 1863
100 »fee.
2,211,068
Exempt bounty loan.............................
1865
100 »fee.
410,353
’ Public parks (Druid Hill)_______ : ......... .
1860
100 »fee.
555,566
Park improvement loan.. . . . . . . . . : . .............
1863
100 »fee.
185,723
Five million loan to Baltimore & Ohio RR
1853
100 »fee.
5,000,000
One million loan to Pittsb. & Connellsville RR
1853
100 »fee.
1,000,000
New City H all.................................. .................
1868
100 »fee.
1,000,000
do
do .....................................................
1870
100 »fee.
1,000,000
do
do ................ .......................... .
1874
100 »fee.
500.000
Consolidated loan............. ............. ..................
1864
100 »fee.
1,029,061
Paving loan...................................... ......... .........
1881
100 »fee.
145,000
Funding loan..................•»...............................
1870
100 »fee.
800,000
Western Maryland Railroad.............................
1872
100 »fee.
1,000,000
Jones’ Falls ($868,500 are 5 s ) ..........................
1872
100 »fee.
1,668,500
Valley Railroad___»................. ....... ....... . . . . . i
1873
I 1,015,300
Water loan ($263,000 only are 6 s ).................
1874
•100 &c.
4,000,000
Harford Run improvement lo a n .....................
1880
100
250,000
Western Maryland RR. loan ($684,000)..........
1882
100 &c.
371,000
Endorsements for Western Maryland R R .......
....
1,375,000
do
do Union Railroad..... ..............
.. 117,000
Bangor, Me.—City debt proper ($50,000 are 7s) 1858 t o ’72 100 »fee.
100,000
Municipal loan.................. ........ .......................
1874
1,000
100,000
Water loan bonds, coup. (Act Feb. 22, 1875).
1875 • 500 »fee.
500,000
European & North American Railroad............
1869
1,000
1,000,000
Bangor & Piscataquis Railroad........................
1869
1,000
925,000
Bath,Me.—Fund, debt ($78,000 are 6s,’97, J.&J.)
Various.
180,500
Knox & Lincoln RR., for stock and coupons..
Various.
193,000
Androscoggin Railroad......................................
1861
Various.
425,000
Knox & Lincoln Railroad ($23,750 each year)
1869
Various.
306,1-50
do
do
(F.&A. and M.&S).. 1871-’72 Various.
391,600- Railroad refunded..»........................... ............
126,600
Boston—Citypurposes. war debt. &e.................... 1852 to ’64 1,000
1,734,000
City debt and Roxbury and Charlestown___ 1864 t o ’80 1,000 10,591,000
do
registered........... .................: ............ 1878-’82
....
6,294,000
do
do
.................. .............
1879
450,000
do
do
..................................1.........
1877
490.000
City debt and Roxbury and Charlestown....... Various.
....
268.000
West Roxbury. 1 . . . ., ......................................
237,000
Burnt district, sterling loan............. .................
3.873
£100&e
4,997,604
Consolidated street improvem’t, sterling loan.
1869
£100&c
3,139,980
Mystic water debt, assumed..... ....................... 1862 to ’76 1,000
1,127,000
Cochituate Water loan, 6 per cent
1866 to ’76
4,901,000
do
do ■5 per cent___...
1875 <fe ’ 78
13,000
do
do
4 per cent.........
1878
588,000
do
do
Sterling.............
1872
£ iod& c
1,947,274
do
do
5 per cent gold.
1875-’76
3,552,000
do
do
4*3
do
1879
268,000
do
do
4
do
1879-’80
686,000
Brooklyn—Brooklyn local improvement loan...
1861
1,000
213,000
Mount Prospect Square loan...........'...............
1857
1,000
90,000
Soldiers’ aid fund loan.......................................
1865
1,000
552,000
Gowanus canal improvement loan, local___
1866
1,000
116,000
Bushwick avenue
do
do
do ........
1865
1,000
134,000
SouthSeventh at.
do
do
d o ..........
• 1866
1,000
157,000
Union street improvement loan, local.. . . ___
1867
1,000
194,000
Fourth avenue
do
do
do
___ 1862 <fe ’67 1,000
273,000
Wailabout Bay
do
do
.................
1867
1,000
268,000
New York Bridge loan, registered and coupon
1870
1,000
3,000,000
Bonds for N. Y. & Brooklyn Bridge, cp. or reg. 1876-’79
1,000
8,090,000
Prospect Park loan, registered and. coupon ... 1860 to ’73 1,000
8,019,000
Prospect Park loan............. ............................... 1860 to ’72 1,000
1,217,000
Permanent water loan.......... ............. ............. 1857 t o ’72 1,000
do
do
.......: . . .......... ............. 1872 t o ’75 1,000 j 9,859,500

.

Albany.—The loan to Alb. & Susquehanna is secured by first mortgage.
The valuation of Albany County in 1882 was, approximately: Rea)’
estate, $81,604,218; personal, $7,847,366—estimated to be about threefourths of true value. City tax rate 1882,1-86. Population. 90.758 in
1880 r 69,422 in 1870.
’
Atlanta.—The total bonded debt Jan. 1.1882, was $2,196.500. Assess­
ed value real of estate in 1881, $14,721,833: personal, *7.474 258
Population, 37,409 m 1880; 21,789 in 1870.
Augusta.—Of this debt, $600,000 was issued for railroads, and balance
for canal enlargement, water works, »fee. Sinking funds, Jan. 1,1883
$211,700. Taxable valuation in 1883: Real estate, $9,962,940- per­
sonal, $6,132,561; tax rate, $1 87*2 per $100. Population in 1870
15.389; in 1880, 21,891.
’
' Ba lti more.—The total net debt-over and above productive assets, on
which the city is chargeable with interest, was $5,872.714 on Dec. 31
3882, against $6,204,191 Dec. 31, 1881. The Baltimore <fe Ohio Railroad
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
debt of $36,945,691 the city is chargeable with interest on only
$27.014,285, and holds productive assets, including the sinking funds
equivalent to $21,141,571, leaving only $5.872,714 as an absolute
charge for interest. There are held $15,288,400 of unproductive assets.
The total amount to be raised by taxation in 1833 is $2,696,957
Population in 1870, 267,354; in 1880, 332>313. Assessed valuation and
tax rate have been:
Real
Personal
Total
Rate of Tax
Years.
Estate.
Property.
Valuation.
per $1.000
18 8 0
187,387,000
65,613,000
252,900,000
13 70
1881 ......... 185,197,157
62,033,032
247,230,189
13 70
1 8 8 2 ..... 187,240,000
60,000.000
246,234,056
13 70
Ass’d valuat’n is near the full cash value. (V. 35, p. 762: V. 37, p. 127.)
Bangor, Me.—The loans to Eu. <fc No. Am. R. R. to Bangor»fe Pis. R. r .
are secured by first mortgages on those roads, and interest fully paid
from the earnings. Valuations (near full value) and tax rate have been:
Y ears.
Real Estate.
Personalty.
Tax rate
3881...... . . . . . . . ................
6,352,973
2,803,258
1382...... ............................... 6,414,703
2,893,130
. 2-34
Municipal property, including water works, about $800,000 Popula­
tion, 16,851 in 1880; 18,829 m 1870
j




Rate.

INTEREST.
When
Where
rabie and by
Payable
lorn.

Principal—When
Due.

F. <fe A. Boston, Merchants’ Bank. Feb., 1885 to ’94
m. & a
New York.
March, ’80 to 1900

M. & N. New York and Albany.
1910-’21
M. & N. N. Y., Merchants’ Nat. Bk.
May 1,1904
M. & N.
May 1,1883 t o ’85
F. & A.
Feb. 1,1893-1912
F. & A.
Feb. 1, 1883-4-5
J. & J.
July 1,1905 t o ’10
Albany.
M."& N. N. Y., Del.& Hud. Canal Co.
1895-’97
J. & J. Atlanta&N. Y.,Am. Ex.N. Bk
1886 & 1892
J. & J.
do
do
J. <fc J., 1890
J. & J.
do
do
J. <fe J., 1902
J. & J.
do
do
Jan, 1,1904
J. & J.
do
do.
Jan. 1,1897
M. <fe S.
do
do
Sept. 1,1885
J. & J.
do
do
July 1, 1911
Various
Augusta.
1882 to 1905
Q.—J. Balto., Farm. & Plan. Bank
July 1,1890
M. & N. Balto., Nat. Merchants’ Bk
July 1,1916
M.& N.
do
do
After July, 1916
M. & S.
do
do
Sept. 1, 1893
¡M. & S.
do
do
Sept. 1, 1893
Q.—M. Balto., Nat. Mechanics’ Bk,
Sept. 1, 1890
Q.—J.
do
do
Jan. 1, 1895
Q.—J. Balto.; Farm. & Plan. Bank,
Jan. 1, 1890
J. & J. Balto., N. Mechanics’ Bank,
Jan. 1, 1886
Q.—J. Balto., Farm. & Plan. Bank,
July 1, 1884
Q.—J.
do
do
April 15,1900
do
do
Q .-J .
March 7, 1902
do
do
Q .-J .
After 1885
M. & N.
City Register’s Office.
After N ov.l, 1920
Q .-J . Balto., Farm.& Plan. Bank,
July 1,1900
J. & J. Balto., N. Mechanics’ Bank,
Jan. 1,1902
do
do
Q.—F.
April 9,1900
A. & O.
do
do
Oct. 31,1886
J. & J. Balto., Nat. Merchants’ Bk.
July 1,1894
J. & J. Balto., City Reg’ter’s Office. After Jan. 1,1920
1925
J. & J.|Balto., N.Mechanics’ Bank. Jan. 1 ’ 90 <fe 1900
J. & J Baltimore, Franklin Bank.
Jan. 1,1895
Various Boston, Merchants’ N. B’k.
1885 t o ’92 ,
J. & J
do
do
Jan. 1,1894
J. & J
do
do
July 1,1905
J. & J
do
do
Jan. 1,1894
A. & -O
do
do
April 1.1899
m. & e
City Treasury.
1887 & 1897
Various Boston, Second Nat. Bank.
’83, ’85 & ’98
A. <fc O City Treasury and Boston, Jan. to Oct., 1891
J. & J.
do
do
July 1,1883 to ’99
Various
do
do
1891 & 1902
J. & J
July 1, 1902
Various Boston, Treasurer’s Office,
1883 to ’87
Various
do
do
1883 to ’97
do
do
Various
1887-1913
A. & O.
do
do
Oct.. 1889
do
do
Various
1887
do
do
Various
V arious.
do
do
Various
1883 to 1891
A. & O. London, Baring Brothers,
April. 1893 - <
do
J. & J.
July, 1899
Various Boston, Treasurer’s Office,
1883 t o ’94
do
do
Various
1897 to 1908
do
do
Various
1907-1908
A. & O.
do
do
1908
A. <fe O. London, Baring Brothers.
Oct., 1902
Boston, Treasurer’s Office,
1905-1908
do
do
A. & O.
1909
A. & O.
do
-do
1909-1912
M. & N.
Brooklyn,
1891
J. & J.
do
1887
J. & J.
do
1885 t o ’90
J. & J.
* do
1883 to 90
J. & J.
do
1883 t o ’90
do
J. & J.
1883 to ’90
do
J. & J.
1883 to ’86
do
J. & J.
1883 to ’95
do
& J
1883 to ’90
do
& J.
1899-1924
do
& J.
1905 to 1920
do
& J.
1915 t o ’24
do
<fc J.
1915 t o ’24
do\ ,
o
& J.
1883 to 1912
do
& J.

Bath, Me.—The city holds a first mortgage on the Androscoggin road
for the debt, and second and third mortgages on the Knox <fe 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, 1881—real estate,
$2,703,425; personal, $3,807,910; total. $6,511,335. Tax rate, $25
per $1,000; 1882, $6,847,945 ; rate, $25 00.
Boston.—The population of Boston in 1880 was 362,839; in 1870,
250,526. against 177,840 in 1860. The total funded debt April 30,
1883, was $41,184,358,and net debt, $24,858,817. The tax levy in 1883
is divided as follows: State, $578,055 ; county, $291,200; city,’ $8.778,556. The rate on $1,000 on valuation of 1883 is as follows: State,
72c.; county, 28c.; city, $13 50; total, $13 50, against $15 10 on
valuation of 1882. Assessed valuation on May 1 for four years have been:
Years.
Real Estate.
Personal Estate. Tax Rate.
Net Debt.
1880 . . . . . . . . $437,230,600
$201,858,600
$15 20
$27,842.104
1881 ............. 455,388,600
210,165,997
13 90
26,005,620
1882
.... 467,705,100
204.785.000
15 10
24.261,661
1883 .............. 478,402,800
203,966,700
14 50
24,858,817
—(V. 32, p. 99; V. 33, p. 93.)
Brooklyn.—The whole city debt was as follows Jan. 1,1882 and 1883.
Jan. 1,1882.
Jan. 1,1883.
Permanent debt............1......................../ $20,857,000
$21,236,000
Water loan ............... : . . . . ........................
9,830,500
.9,859,500
Temp’y debt, payable from assessment.
7,239,551
6,919,551
Tax certifica tes......v ............................
4,270,000
4,150,000
Totals. 1...............- ............................. $42,197,051
$42,165,051
Collections on arrearages of taxes in 1882 were $2,615,188, and the
amount of arrears $l,4 3 o,893, showing a gain of $1,179,294 for the year.
Population m 1870, 396,099, against 566,663 in 1880. Valuation of
property and tax rate per $1,000 for four years have been:
Years.
Real.
Personal.
Rate.
1879
... . ......................$220.363,499
$12,562,500
$25 50»
1880
.................. . . . . . . .........223,620,197
11,215,794
’26 90»
1 8 8 1 ................ . ................ 240,128,905
15,137,040
23 77
1882................. ................... 264,404,017
14,383,541
23 1ft
The debt of Kings County, separate from the debt of Brooklyn, isabout $4,000.000, of which' the city is responsible for nineteentwentieths. (V. 33, p. 743; V. 35, p. 372; V. 37, p. 74.)MMT—

August, 1883.

C IT Y

S E C U R IT IE S .

ix

Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in these Tables.
INTEREST.
Date of
Size or
Amount
Principal—When
DESCRIPTION.
When
Bonds.
par
outstanding. Rate.
Where Payable and by
Due.
Value.
Payable
Whom.1
For explanations see notes on first page of tables
Brooklyn—( Continued J—
Sewerage fund bonds, continuous, local.......... 1878-9-80
Assessment fund bonds, continuous, local — 1877-8-9
1873
Temporary tax certificates............................... 1879-80-81
Buffalo, A. T.—Funded debt bonds..................... 1862 t o ’81
1868 t o ’81
Water works bonds................................
Tax loan bonds................................................. - - 1877-81
1864
Cambridge, Mass.—City bonds.............................
1863
City bonds............................................................
1856
to ’76
do
............................................................
do
............................................................ 1873-’74
1874-5
do
........................................ -.................
1866
Water loan............................................................
do
............................................................ 1866 t o ’77
1865
do
.......... .................................................
do
............................................................ 1867 t o ’75
do
...... ..................................................... 1869-71
___
Charleston, S. C.—City stock................................
City bonds, coupon............................................. 1853 t o ’54
1866
Fire loan bonds, coupon.....................................
___
Conversion bonds, to redeem past-due debt...
1879
do
coup, or r e g ......... .............
....
Chelsea, Moss.—Funded debt, coup...................
__
Fmndeddebt, coup.............................................
....
Water loan, coup........................ ......................
....
Chicago—Water loan..............................................
___
Water loan...........................................................
1882
Water loan (refunding).....................................
....
Sewerage bonds..................................................
1880
do
River improvement bonds................................
....
Municipal bonds..................................................
Municipal and School bonds.............................
Municipal bonds (refunding loa n )....................
1881
Cook County debt............................................. 1865 t o ’80
Cincinnati—Loans to Railroads.. ....................M 1843 to ’54
Bonds to 0.& M. RR. to purchase whf. prop.N
1855
Bonds for erection of a Workhouse............. .
1868
Bonds for Water Works................................ C3
1868
Bonds for Common School purposes.............P 1860 t o ’61
Bonds to 0. & M. RR. to purchase whf. prop.. N
1855
Bonds for ext. ana impr. Water W ..C, D. &E 1847 t o ’50
Bonds for funding floating debt.......... .......A2 1847 t o ’48
Bonds for new Hospital............................S&S2
1867-’ 68
Bonds for funding floating debt..................... L
1853
Extension and improve. Water W orks.. .K &F
1853
Bonds to purchase Orp’n Asyl. grds. for park.O
1858
Bonds for sewerage..........................................R
1869
Bonds for improving Gilbert avenue............U
1869
Bonds to build Eggleston avenue sewer___B3
1869
Bonds for improvement.................................W
1871
Bonds for Water Work purposes.......... C4&C5 1871-’72
General improvement.................................. W2
1871
1872
Cincinnati Southern R R .................. *................
...................................
1872
do
do
do
do
($3,200,000 are gold 6s)
1876
do
do
........................................ 1878 & ’79
Floating debt bonds, coupon............................
1874
Park improvement.............................................
1875
Water-works bonds....................................... D1
1875
Bonds for McLean Ave. sewer..................... U2
Hospital bonds.....................................................
1876
Street improvement bonds, short................. .. 1876-’77
Consol, s. f. bonds, 30-50 yrs. (Act Apl. 9, ’80,
1880
do
do
do
1831
Work House and Infirmary...............................
1882
Deficiency loan (redeemable after 1 8 9 1 ).......
1881
Cleveland—Water works ($200,000 are 6 p. ct.). 1872 t o ’76
Water works.................................... ....................
1882
Funded debt ($203,000 6s, $32,000 5 s ).......... 186940’ 81
Lake View Park.................................................. L872 to ’80
Canal and canal lock ($11,000 are 6 s ) ............. 1874 t o ’ 79
School ($100,000 are 6 p. ct.): .......................... 1868 to ’82
1868
Main sewers, special assessment.................... Various.
Infirmary and River dredging.......................... 1876-77-78
Viaduct (mostly F. & A., A. & O. and J. & D.) 1873 t o ’78
Funded debt bonds............................................
1882

$1,000
1,000
1,000
l,OÖÖ&c
l,000&c
l,000&e
1,000
1,000
500 &c.
500 &c.
500 &c.
1,000
500 &c.
1,000
1,000
1,000
___
.
100 &e.
1,000
1,000
1,000
500,&c.
1,000
100, &c.
500 &c.
1,000
1,000
500 &e.

__

500 &c.
1,000
1,000
1,000
1,000
1,000
1,000
500 &c.
500 &c.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500 &c.
1,000
500 &c.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
100 &c.

1,000

$1,725,000
2,900,000
842,000
4,150,000
3,695,500
3,029,382
543,973
100,000
150,000
1,266,000
689,000
514,000
100,000
526.500
55,000
635,000
162,000
92,450
160,500
138,200
500,000
3,372,900
85,000
992,000
96,000
200j000
132,000
3,490,000
3 3,000
2,133,000
490,000
2,608,000
186,000
2,536,500
843,500
4,941,500
704,000
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
133,000
450,000
600,000
578,000
8,335,000
4,943,000
1,820,000
1,000,000
50,000
300,000
175,000
50,000
433,462
1,3371000
235,000
60.000
500,000
800,000
100,000
1,845,000
315,000
275,000
315,000
184,000
282,200
108,100
352,200
50,000
2,138,000
86,000

Buffalo.—In 1875 real and personal property was assessed at
>39,968,105; in 1876 rule of valuation changed and assessment was
>111,995,905. Since that date valuations and tax per $1,000 have heen:
Years.
Real estate.
Personalty. Tax Rate.
1877
................................ $91,130,870
$8,844,705
$12 43
1878
....................i ....... . 80,929,165
7,947,380
17 60
1882.......... .............................. .............. 98,097,000------------ <
16 13
Buffalo also pays 7-10 of Erie county debt. Coupon bonds are exchange­
able for registered. The interest on different bonds is 3 ^ , 4, 4*2, 5, 6
and 7 per cent. Population, 155,134 in 1880; 117,714 in 1870.
Cambridge, Mass.—The sinking funds, January 1, 1883, amounted to
$1,974,650. The investments are nearly all in city bonds at par and
stamped “ not negotiable. Tax valuation, 1879, $49,238,098; iu 1881,
real estate $39,124,300, personal $12,552,190; tax rate, $16 per$l,000.
Valuation, 1882, $50,668,280. Tax rate, $1*66 per $100. Total debt,
April, 1883, $4,563,900: Population, 52,669 in 1880; 39,634 in 1870.
Charleston, S. <7.—The bonds of Charleston are mostly held within the
State of South Carolina. Conversion bonds of 1879 are issued in
exchange for city stock. Valuations and tax rate per $1,000 have been :
Years.
Real Estate.
Personal Prop.
Tax Rate.
1 8 7 9 ................................. $17,137,255
$6,272,458
$20 00
1880 .................. ................. 15,017,595
6,555,864
25 00
1881
..........*
.............
15,182,845
7,244,212
22 50
U A n n l n t i A Y i A ft H O I
G G A . A r> AET/1
AWA
'
-^Population,
49,984 in 11830;
48,956 in 11870.
Chelsea, Mass.—Sinking fund, January 1,1883. $214,080, and debt,
$1,661,800. Tax valuation, 1881, $15,761,537; tax rate, $19 00. Valu­
ation in 1882. $16.893,729; tax rate, $18 80. Population, 21,782 in
1880 ; 18,547 in 1870.
Chicago.—The net funded debt January 1, 1883, was $12,485,794
The city debt is limited to 5 per cent of the Illinois State valuation.
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
/-------- Equalized Value.----— ,
Tax
Years.
Real Estate.
Personal.
Rate.
1 8 7 8 .. . ...................... ............ $104,420,053
$27,561,383
$28-63
1879
.........................
91.152,229
26.817,806
3201
1880 ......................................... 89,031,955
28,101,678
33-33
1881
................................ 90,099,045
29,052.906
34-72
1 8 8 2 .. . . . . . . ................ ; . . . . 95,881,714
29,052,906 i
33-72




4 ,5 ,7 J. & J . Brooklyn. )
Coupons
f 3 years from date.
do
1
4, 5, 6, 7 J. & J.
paid at
i 3 years from date.
7
J. & J.
1883
6 <fe 7
Brooklyn,
i
1883-4
............ 1
3^2 to 7 Various Buffalo and New York.
1883 to 1925
do
3*2 to 7 Various
do
1883 to 1925
do
do
3*2 to 5 J. & J.
July, 1883-1900
A. & O. Boston, Bank Redemption.
5
April 1,1889
Boston, Tremont Bank.
Jan. 1,1893
5 g. J. & J.
J. & J. Boston, Bank Redemption. Jan. 1,1883 to ’96
6
J. & J
do
6
do
Jan. 1, 1903-4-5
A. & O.
do
do
6
Apr.&Oct.l,’84-95
J. & J.
do
do
6
July 2,1886
J. & J
do
6
do
July 1,1886 to ’98
do
do
Aug. 1,1883
6
F. & A.
A. & O.
do
do
Api. 1,1887-1895
6
M. & N.
do
May, 1889-1891
6
do
Charleston.
1868 to ’98
6
Q .-J .
Various
do
1883 & ’98
6
1890
J. & J.
do
7
A. & 0.
1888 to 1897
do
7
J. & J.
do
Jan. 1, 1909
4
1883
5*2 A. & O. Boston, N. Bk. Redemption
Various
do
do
1891 to 1895
6
1889-1890
4^2
F. & A. Boston, N. Bk. Redemption Aug. 1,1887—95
6
J. & J. N. Y., Am. Ex. Nat. Bank.
1897 & ’98
6
do
J u ly l, ’ 88 to ’95
7 ' J. & J.
do
1902
do
3-65 J. & J.
do*
1884 t o ’95
J. & J.
7
do
do
July 1,1900
do
do
4*2 J. & J.
J. & J.
do
do
1890 to ’95
7
do
July, 1895 & ’96 '
6
J. & J.
do
do
1885 t o ’99
7 2 J. & J.
do
4
do
do
1901
4*2 to 7 M. & N. N. Y., Metropolitan Bank. May 1 , 1885-’92
1884
6
Various N. Y., Am. Exchange Bank.
6
M. & N.
do
do
Nov., 1885
7 3-10 J. & D.
do
—do
June, 1888
do
do
7 3-10 Various
1888 & 1889
Jan., 1890
6
J. & J.
do
do
M. & N.
6
do
do
Nov., 1890
A. & O.
6
do
do
April 1,1895
March, 1897
M. & N.
6
do
do
7 3-10 Various
do
do
1897 & 1898
J. & J.
Jan., 1900
6
do
do
6
Various
June & Oct., 1900
do
do
6
M. & S.
March, 1908
Cincinnati.
7 3-10 M. & S. N. Y., Am. Exch. Nat. Bk.
Sept., 1899
7 3-10 M. & S.
do
do
Sept., 1899
7 3-10 A. & O.
do
do
Oct., 1899
7 3-10 M. & S.
do
do
March 1,1886
F. & A.
7
do
do
Aug., 1886-’97
7
J. & D.
do
do
Dec. 1,1891
7
J. & J.
do
July 1, 1902
do
J u ly l, 1902
7 3-10 J. & J.
do
do
6g. or 7-3 M. & N.
New York or London.
May 1, 1906
6 & 7 M. & N. N. Y., Am Exch. Nat. B’k. Nov. 1, 1908-’09
7
M. & N.
do
do
May Ì 5 , 1904
Jan. 1, 1896
7
J. & J.
do
do
F. & A.
7
do
do
Aug.,’ 85, ’90 «fc’95
do
May 1889-1909
5 & 6 M. & N.
do
M. & N.
May 1,1906
7
do
do
1883 & ’ 84
M.
&
N.
Exch.
After
May 1,1910
5
N. Y., Am.
Nat. Bk.
4
J. & J.
do
July, 1911 to 1931
do
July
1,1892
4
J. & J.
Cincinnati.
4
J. & D. N. Y., Am. Exch. Nat. Bk.
June 1, 1901
1892-’93-’95
6 & 7 Various
do
do
Sept. 1,1902
3-65 M. & S.
do
do
4, 5, 6, 7 Various
1883 t o ’96
do
do
1887 t o ’92
7
Various
do
do
1894 to ’96-’98
do
6 & 7 Various
do
do
1886-7 & 8
6 & 7 Various
do
7
A. A O .
1883 & ’84
1883 to ’92
5, 6 & 7 Various
do
do
1883-4-5-6
5, 6 & 7
5, 6 7
1883 to ’89
1883 t o ’87
6
do
do
Various
1893 & 1907
do
do
5, 6 & 7 Various
4
Sept. 1,1887 •
M. & S.
do
do

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.)
Cincinnati.—In addition to the issues above named there remains
several smaller amounts, as follows: $108,000 5s, November, 1884;
$56,000 (YY2, & O.) 6s, 1886-88; $17,000-Cs (Q.), November, 1890;
$27,000 6s (A.), March, 1897; $76.000 (H2.), August, 1897. City holds
$1,274,000 of Cincinnati Southern bonds in sinking funds. In 1870 the
population was 216,239, against 255,139 in 1880. The following table
from the books of the Auditor of Hamilton County, Ohio, exhibits the
assessed valuation of the city of Cincinnati in the year i860, and from
1870 to 1879:
Real
Personal
Total
Tax per
Years.
Estate.
Estate
Valuation.
$1.000.
$93,032,716
$17 45
1 8 6 0..
...*..$61,620,904
$31,411,912
136,107,236
31 60
1870................ 78,736,482
57,370,754
180,361,932
22 20
18 7 1./............ 123,427,888
56,934,044
175,084,296
20 10
1872
..... 119,621,856
55,462,410
185,645,740
23 06
1873
..... 121,479,280
64,166,460
1874
...... 123,231,790
58,708,284
181,950,074
23 38
184,498,565
24 82
1875
...... 125,976,835
58,521,730
183,952,966
27 04
1876
...... 127,143,900
56,809,066
179,430,142
29 10
1877
...... 128,820.270
50,609,872
172.874.068
28 54
1878
... ? 129,043,880
43,830,188
169,305,635
28 98
1879
..... 128,473,130
40,832,505
167.535,356
31 00
1880
..... 129,956,980
37,578,376
161.404,393
22 20
1881..
....... 120,045,230
41,359,163
166,986,105
, 23 82
1882................. 138,342,188
28,643,917
The city is the sole owner of the stock of the Cincinnati Southern R ail­
road, leased as per terms, V. 33, p. 281, and with the waterworks and
other property owns real estate assets put at $35,775,000.
v
Cleveland.—The sewer, street improvements and street opening bonds
are for special local improvements, and redeemed by assessments on the
property benefitted. Assessed^ valuation, tax rate, debt and sinking
funds have been:

X

C IT Y

S E C U R IT IE S ,

[V ol . X X X V II,

Subscribers w ill confer a great favor by g iv in g Im m ediate notice o f an y error discovered in these Tables.
Date of
bonds.

Des Moines, Iowa—Renewed judgment bond....
1875
Funding b o n d s ............... j........... .............
1878
Coupon warrants and sewer and paving bonds
Detroit,Mich,.—For Water W.Co., on citv’s credit
Public Building stock (City Hall) bonds..........
Public sewer bonds ($35,000 are 6s)____
Bonds for purchase Belle I s le .................
1879
Elizabeth, N. J.—Improvement bonds..___I I " .
Funded debt bonds.................. 4.........................
School House bonds..................... . . . . . . 1111.11!
Market House bonds......................»III..I
Consolidated improvement bonds................ I. 1875-’76
Funded assessment bonds.. . ........................
Tax arrearage bonds.......... .'
................I.. I
New compromise bonds........ ....I I ...I ..I ...I I
1882
Evansville, Indiana—E. H. & N. RR. bonds".Ill
1868
City wharf bonds..............................................
1869
E. C. &P. RR. b o n d s....................- ......... IIIIII
1870
do
do
...................................... I "
1870
Water works bonds.............................................
1870
Redemption bonds...............................................
1876
do
do . . . ..... ............. '¿ . . . . ............
1876
do
do ........................... ..................
1877
do
do . . . ..... ............. .....................
1878
do
do ..............................................
1881
Fall River, Mass.—City notes...............................
City bonds.......................................... .............. . .
do a .................. .......... ..............................
............. ; . . . . . . . ............ ....................
do
do
...........................................................
. do
............................................... .......... .
Water loan.................................. . . . ...»..............
do
..... .............................................. . . .
do
.............................................. ............
do
..... ................................... ............... .
Fitchburg, Mass.—City bonds.......... ....................
1873
Water lo a n .,......................................................
1871
do
.................. .............
1875
Galveston, Texas-B o n d s for various purposes... 1.869 to ’75
Limited debt boiids (sinking fund 2 per cent). 1877-8-9
do
do
..................... - ___________
Galveston County bonds, G. C. & S. F. R R __
1882
Hartford, Oonn.—Water bonds..... ....................... 1865-78
City bonds (H. P. & F. RR.)..... .........................
Park bonds (4 of these bonds are for $500 each)
Funded debt.....................i ...............................
Capitol bonds. ..; i . . . . . . ...................... ............
1873
Hartford town debts to railroads 10-25.......... 1879-’80
do
do
w a r..................................
1863
do
floating debt................... .......
Holyoke, Mass.—City notes.................................. 1871-’74
City bonds, sinking fund............. ......................
1874
Water loan
do
....................................
1872
Railroad loan do
($60,000 are J. & J.).
1873
Indianapolis—Bonds to railroads.................. . 1869 to ’70
Bonds to Un. RR. Tr. Stock Yard (mortgage).
1877
Loan bonds, series A ..... ...................................
1873
do
do B .............................. .........
1874
do
do C.................................... .
1874
do
do D . . . ..............................
1875'
Purchase-money bonds—Southern Park..........
1874
Jersey City—Water loan bonds, mostly coupon 1852 t o ’67
Water loan bonds, mostly coupon.................... 1869 t o ’73
do
do
do
...................
1877
Forty-year bonds................................................
1873
Improvement bonds...........................................
1871
do
do
....................... ................ 1872 t o ’76
Morgan street dock........ .................. ................
1870
Funded debt bonds............. ..............................
1872
Old Jersey City bonds, coupon.......................... Various.
Hudson City bonds..................... a...................... Various.
Bergen school loan bonds.....................
1869
Bergen street improvement b on d s.............. .
1869
do bounty lo a n .................................... .
Various.
Assessment funding bonds. . . . . . . , ................. 1875-’76
Revenue bonds, coupon or registered..... ........
1876
Temporary loa n ..................... .................... .
1878
Bonds to fund floating debt. Ac., coup, or reg.
1879
Bonds to pay maturing bonds, A c.....................
1880-’l
Kansas City, Mo.—Bonds......................................
B o n d s ........................t ................. ...................
Lawrence, Mass.—Funded debt........................... 1859 to ’ 64
Funded debt. ........ .......................................... 1862 to ’75
'do
.........................................................
1874
Water l o a n .....................................................
i8 7 3 -’75

Size-oi
Amount
par
outstanding.
value.
$1,000
1,000
1,000

....

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

....
....

1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Large.
lOOO&c.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

.
....

100 Ac.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500
1,000
1,000
1,000
1,000
1,000
500
1,000
1,000
1,000
1,000
500 &c.
1,000
1,000
1,000
1,000
Various
1,000&C
l,000&c
Various

__
__

1,000

5000&C.
5000&C.
1,000
500 &c.

$229,000 7 & 4
175,000
7
182,000
5
1,500,000 4 to 7
572,500
7
329,500
6 &7
100,000
4
204,000
7
615,000
7
• 71,000
7
66,000
7
1,994,000
7
675,000
202,000
348,500
250,000
7
100,000
7
196,000
7
100,000
7
300,000
7 3-10
300,000
7
105,000
7
100,000
6
100,000
6
100,000
6
280,000 «*8, 4, 6
64,000
5 &6
600,000
5 £•
450,000 5 & 6
100,000
4
261,860
5&6
500,000
450,000
6
550,000
6
200,000
400,000
6
300,000
6
100,000
6
348,300
10
510,100
8
349,600
5
417,000
6
977,000
5&6
500,000
6
30,000
6
300,000
6
1,000,000
6
1,250,000
4 12
100,000
6
203,000
6
185,000
4 to 7
271,000
6
250,000
6
226,500
7155,000
6
500,000
6
300,000
7-3
300,000
7-3
300,000
7-3
200,000
7-3
109,500
7-3
764,000
6
3,329,000
7
255,000
6
627,000
7
2,669,000
7
2,771,500
7
125,000
7
500.000
7
837,400
6&7
162,550
7
150,000
7
400,000
7
73,000
7
900,000
400,000
7
645,000
5^
1,353,000
6
600,000
5A6
385,000
7
786,000
8
25,000
Öls
107,000
6
262,000
6
1,300,000
. 6

.

.

Real and
Tax per
-------Total Bonded Debt------,
Years.
Personalty.
1,000.
General.
Special.
18 8 0
$73,647,694
$151520
$6,326,250
$1,589,000
1 8 8 1 ..
. . . . 79,586,156
14l2o
5,888,250
1,176,200
1 8 8 2 ..
. . - ; 82,684,212
143O0
5,943,000
750,100
—Population, 160,146 in 1880; 92,829 in 1870.
Des Moines, Iowa.—Assessed value of property, $5,104,240, which is
about 50 per cent of true value. Tax rate, $5 per $100. Population in
1870,12,035 ; in 1880. 22,400.
v
Detroit, Mich.—The population in 1870 was 79,577; in 1880,116,340;
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
the city credit, and $75,000 per year collected in taxes to pay interest on
them. Assessed valuation, in 1883-84—real property, $78,982,170personal, $26,928,725; total, $105,910,925, which is made on-the basis
of true value. Tax rate, $10-89 per $1,000.
Elizabeth, N. J.—Default was made in interest Feb. 1,1879. Suits on
bonds are pending. Total bonded and floating debt Jan. 1,1883,“$5,052 212. The proposition to issue bonds for 50 per cent of the face of the
debt was urged on bondholders, but was rejected by them. See V. 35,
p. 602. Estimated true value of real and personal property is much over
The assessed valuation of about $12,182,u35 (see V. 32, p. 612). Popu­
lation in 1880, 28,229; in 1870, 20,832. Assessed valuation, tax rate
per $1,000 and debt have been: Years.
Realty A Personalty. Tax Rate.
Debt
........................................... $16,250,805
2-68
$4,900,000
1 8 7 6 ..
1 8 7 7 ................................... 1............ 15,289,888
2-50 * 5,130 000
1 8 7 8 ..
........
14,614,918
3-56
5,380,000
1 8 7 9 ..
. . . .........................
11,530,031
212
5.400,000
—V. 32, p. 231, 253, 312, 368, 420, 612; V. 34, p. 32,177, 342, 663 ; V
35, p. 78, 431, 602 ; V. 36, p. 510, 560, 590, 651.)
Evansville, Ind.—No floating debt. Population in 1870, 21,830; in
1880, 29,280. Assessed valuation (true value), tax rate per $1,000
and debt have been :
Years.
Real Estate.
Personalty.
Tax.
Debt.
..................$12.919.360
$5,232,645
$15 00
$1,651,000
1881
13,925,825
5,379,940
12 50
1,651,000
18^ - o ^ - - - v - - - - 15.205,795
6,031,105
12 50
1,651,000
—(V. 36, p. 251,427.)




Rate.

INTEREST.
When
Where payable and by
payable
whom?
J. A J. New York, Kountze Bros,
J. & J.
do
do
Various
Various N. V., Metropolitan N. Bk,
Various
do
do
F. A A.
do
do
F. A A.
do
do
Various
City Treasury,
Various
do
Various
do
Various
do
A. A O.
do
M.
M.
J.
J.
J.
A.
M.
J.

Principal—When
due.
July, 1892
July, 1888
.1887
1883 to 1906
1883 t o ’91
1892 t o ’97
1899
1879 t o ’81
1882 t o ’95
1882 to ’93
1882 t o ’86
1885 t o ’96

&
A
&
&
&
A
A
&

N, N. Y., Farmers’ L. & Tr. Co.
May 1, 1898
N,
do
do
May 1, 1899
D
do
do
Dec. 1, 1890
D
do
do
Dec. 1, 1895
J,
do
do
July 1, 1895
O
do
do
April 1, 1906
N,
do
do
May 15,1906
D
do
do
June 1, 1907
do
• do
April 15,1908
F. & A
do
do
Feb. 1,1911
Various
City Treasury,
1883 to 1888
Various
do
1883 to 1891
F. A A
Boston, Revere Bank.
Aug. 1,1894
M. & N, Boston, Bank Redemption
May 1,1895
do
do
May 1, 1895
do
do
1896-1898
do
do
Feb. 1,1900-1909
M. & N
do
do
Nov. 1,1892-1906
F. A A
do
do
Aug. 1,1899-1905
May 1,1908-1900
A J Boston, Merchants’ Bank
July 1,1893
& J
do
do
July 1,1891
A J
"d o
do
July 1,1905-1906
Galveston,
1883 t o ’91
do
18931909
& D. New York or Galveston.
1920
A J. N.Y., Amer.Exch. Bk. A Gal,
1902
irious
City Treasury.
1890-1906
& J.
Suffolk Bank, Boston.
June 1, 1891
& A. Merchants’ Bank, Boston
Aug. 1,1884
& J.
City Treasury,
Jan. 1, 1893
A J.
do
Jan. 1, 1897
A J.
Town Treasurer,
1894- 1900
& J.
do
$10,000 yearly
A J.
do
Jan., 1900
City Treasury,
1883 to 1889
do­
Oct. 1,1889
do
Jan. 1,1900
do
Jan.&Apr.l, 1894
Jan.
City Treasury.
Jan. 1, 1889 t o ’90
V A J. N. Y., Winslow, vL. & Co.
Jan. 1, 1897
do a
do
. & J.
July 1, 1893-, i
do '
do
. A J.
July-1, 1893
do
do
. & J.
July 1, 1894
\ & J.
do
do
July 1, 1895
'. A J.
do
do
Jan. 1, 1899
. & J. N. Y., Merch. Ex. N. Bank, Jan., 1889 to 1909
do
do
1899 to 1913
do
do
July 1,1907
do
do
July 1,1913
do
do
May, 1891
do
do
1886 to 1906
A J.
do
do
June 8, 1900
do
do
Mav 1,1897
do
do
1882-90
do
do
’84^’85-’89A1900
& J.
do
do
Jan., ’98 to 1900
& J.
do
do
July, 1889
do
do
1884 & 1889
N. Y., Merch. Ex. Nat. B’k.
1905-1906
do
do
June 1,1886
Demand,
N. Y., Merch. Ex. Nat. B’k.
Feb. 1,1909
do
do
1910-1911
New York, Kountze Bros. 1890 & ’97-1901
do
do
1880 to ’97
Boston, Tremont Bank,
1884
do
* , do
1885 to 1892
& J.
do
do
July 1,1894
do
do
Oct. 1 ,’90, to 1906

Fall River, Mass.—The sinking funds amounted to $544,699 Jan. 1,
1883. Total debt, iflcluding water debt, $3,455,860. Population,
48,961 in 1880; 26,766 in 1870.
Fitchburg, Mass.—Sinking fund, Jan. 1,1883, $114,506. Population
12,270 in 1880; 11,260 m 1870. Valuation, tax rate per $1,000, &c.:
Years.
Real Estate. Pers’l Prop’ty. Tax.
Debt. Sink’gFd.,Ae.
1880
..$6,868,225 $2,2.64,619
17
60$915,523 $188,817
1881 ........ 6,993,700
2,530,164
18
00 873,523 182,284
1882
7.484,625
2,628,911
19
00831,023 158,449
—The assessed valuation of real estate is about the cash value.
Galveston, Texas.—Assessed value of real and personal property,
1881-82, $17,625,862. Tax rate, $1 50 on $100; 1882-83, tax rate l 3io»
In April, 1882, the Galveston County 10 per cent bonds were called in
and 6 per cents issued instead. Population m 1870,13,812; in 1880,
22,248; 1882, estimated, 32,000.
Hartford, Conn.—Total city debt, April, 1883, $4,360,000; net, after
deducting resources, $2,079,250; net town debts, $1,249,510. Assessed
valuation in 1882, $47,660,868. Sinking fund Jan. 1, 1883, $120,182.
Population, 42,553 in 1880; 37,743 in 1870.
Holyoke. Mass.—Bonds all coupon, but can be registered, Total net
debt, $817,318. Valuation, 1882, $13,374,055; tax rate, $15 40. Popu­
lation, 21,915 in 1880; 10,733 in 1870.
Indianapolis.—The School Board is a distinct organization and levies
its own tax ($2 20 for 1882), which is included in tax rates. There
are a few other small issues amounting to $50,000. Valuation and tax
per $1,000 havebeen:
Years.
Real Estate.
Personalty.
Total.
Tax.
1879
.........$38,286,235
$9,813,705
$48,099,940
$9-30
1880
...........39,100,250
10,930,021
50,030,271
10-70
1 8 8 1................ 39,063,725
12,837,492
51,901,217
10-70
1882................. 39,315.725
13,296,870
52,612,595
11-20
—Population, 75,056 in 1880; 48,244 in 1870.
Jersey City.—One of the main causes of embarrassment in Jersey City
is found in the failure to collect back assessments and in the immense
value of railroad property exempt from taxation. The Comptroller, in
Dec., 1882, made the following statement in his report:
Tot. taxes overdue D ec.l,’821ess deducfnsdue State and Co. $3,286,002
Total assessments due and unpaid...; ...................................... 2,954,36$
Of these, $5,855,418 was estimated to be collectible." "
.

DESCRIPTION.
For explanations see notes on first page of tables.

A u g u st ,

1888.1

C IT Y

S E C U R IT IE S ,

xi

S n W r l W s w ill confer a great favor l>y giv in g im m ediate notice o r any error discovered in these Tables.
INTEREST.
Principal—When
Amount
Size or
Date of
DESCRIPTION.
Due.
Where Payable and by
When
par
Bonds.
Rate. Payable
Whom.
Value.
For explanations see notes on first page of tables
1888
J. & D. City Treasury and Boston,
6
$50,000
$ ....
Lewiston, Me.—City bonds ($55,000 each year).
July 1.1885&1901
do
J. & J.
6
215.000
“ II
do
($30,000 due 1885, $185,000 1901)
1894 &1899
do
4*2
131.000
July 1, ’93-1913
do
J. ’ & J.
4
200.000
500 &c.
1883
0 c t.l,’97-1907-’17
do
A. & O.
5
474.000
1887, ’ 89, 97
Various N. Y., Bank of America.
6
1,281,000
1857t o ’67 1,000
1886,’ 96, ’97
Louisville.
Various
6
198.000
1866t o ’67 1,000
4
1.500.000
1883
July 1, 1903
J. ’& J . N. Y., Bank of America,
7
600.000
1873
1,000
1891, ’92 & 1903
do
do
Various
7
650.000
1871to ’73 1,000
1884 t o ’89
New
York,
TJ.
S.
Nat.
Bank.
Various
6
123.000
1853 to ’69 1,000
July, 1898
J. & J. Louisville, City Treasurer.
6
81,000
1,000
1868
June,
1901
N.
Y.,
Bank
of
America.
J.
&
D.
7
423.000
1,000
1871
1888 & 1903
do
do
Various
7
1.863.000
1868 & ’73 1,000
1883
to
1898
Louisville
and
New
York,
Various
6
255.000
’54,’62,3,8 1,000
Oct. 1, 1898
do
do
A. & O.
6
133.000
1,000
1868
1889
do
do
J.
&
D.
6
73.000
1869
1,000
1894 & 1901
, do
do
Various
7
513.000
1871 to ’74 1,000
Sept., 1891
M.- & S. N. Y., Bank of America.
"7
485.000
-1871
1,000
Louisville, New Albany & St. L. Air Line RRJuly,
1901 & 1903
do
do
J.
&
J.
7
350.000
1871
t
o
’73
1,000
Road bed, Louisv., Cin. & Lex. R R ................
1886 t o ’93
New
York
and
Louisville.
Various
6
1.408.000
City bonds payable by Louisv. & Nash. R R ... 1851to ’63 1,000
Mav
1, 1920
N.
Y.,
Bank
of
America.
m
&
n
.
5
1
,
000,000
1,000
1880
Old liabilities (half are 10-40 and half 20-40).
1883 to 1894 i
City Treasury.
744,300 4 to'7 Various
1852 t o ’75 Large.
1903
4
95.000
1883
1886 to 1911
do
6,6ia Various
500.000
1871to ’76 Large.
Nov. 1,1890
M. & N. Boston, N. Bk. of Redemp,
6
1.300.000
1870
1,000
Nov.
1,1911
M. & N Boston, Blake Brothers.
4
75.000
5,000
1881
Nov. 1, 1892
M. & N.
4
120.000
1885 to 1890
City Treasury.
Various
6
121,500
1870-’3 -’5 Large.
1891 to 1905
Boston, Bank Republic,
881,000 312,4,5, 6 J. & J
Various
1.000
1884 to 1896
do
do
672.000 5, 5 ia, 6. Various
Various 500 &c.
1886 to 1890
378, 6 Various CityTreas’ry & Bk. Repub
305.000
1,000
Various
1883-1894
City Treasury,
J. & J,
6
85.000
April 1 , 1884-’ 85
do
A. & O
6
80.000
May 1, 1893
Suffolk Bank, Boston,
M. & N.
6
.70,000
July 1,1890 & ’95
do
do
6
200.000
1874
100 &c.
1887-’92-’97-1902
City Treasury,
6
400.000
1872
100 &c.
July 1, 1911
do
4
60,000
100 &c.
1881
1873 to 1902
1867
t
o
’68
MempKis, Tenn.—School and paving bonds........
Memphisi
\
& J
6
I
1,300,000
1873 to 1900
1867, ’8, ’9 50Ö&C.
Nov., 1900
M.
&
N.
341.000
1,000
1870
i X
60,000
July,
1872
Charleston,
S.
C.
J.
&
J.
7
300.000
1857
1,000
Endorsement Memphis & Little Rock R R .......
1907
City Treasury.
J. & J.
6
900.000
1,000
1877
June
1,1891
Mil.&N.Y.,
MortonR.
&
Co.
J.'&
D.
5
265.000
500 &c.
1861
Jan. 1,1901
do
do
J. & J.
7
230.000
1,000
1871
June 1,1896
do
do
J. & D,
7
95.000
1,000
1876
July 1, 1902
do
do
J. & J.
4
100.000
1,000
• 1882
Jan. 1,1902
do
do
J.
&
J.
7
409.000
1,000
1872
Jan. 1,1902
do
do
J. & J
7
1.115.000
10,000
1872
Dec.
2, 1892
New
York,
Nat.
Park
Bank,
J.
&
D
8
250.000
1,000
1883-1885
do
do
Various
10
35.000
1885-1905
do
do
Various
621.000
8
1896-1902
do
do
Vaiious
7
360.000
1899
do
do
Various
6
40.000
1893
do
do
Various
5
22.000
1906-1912
do
do
456.000
41a Various
1881-’82
July 2, 1913
do
do
290.000
1,000
412 J. & J.„
1883
Jan. 1, 1906
3 to 5 J. <fc J; N. Y., Merchants’ Nat. Bk,
2,221,500
500
1881
1882 to ’99
Various New York and Nashville.
6
1,417,400
1870 t o ’81 100 &c.
1883 t o ’93
I
6 & 7 Various Newark, City Treasury,
44.000
1,000
Newark—Bonds, city purposes (s. fund of 1859)
1883 t o ’96
do
do
Various
6
&
7
1.840.000
1,000
War bonds, floating debt, &c. (s. fund of 1864)
April, 1888, to’ 92
do
do
A. & O.
7
500.000
1,000
July 1, 1895
J. & J. Newark, Nat. State Bank,
7
400.000
1,000
1875
i Clinton Hill bonds, coup. & reg. (s. fd. 3 p. o.).
1908 & 1910
do
do
5 & 6 Various
1.200.000
1,000
Corporate bonds, coup, or reg.(act Apr. 21,’76) 1878-’80
1886,
’93 & 1909
do
do
M.
&
S.
7
2.450.000
1,000
Sewer and improvement bonds (local liens). . 1871-79
1879 & 1892
do
do
Various
7
3.240.000
1,000
1886-’9Q
do
do
P.
&
A.
1.331.000
7
1,000
1876-’80
1891
do
do
P. & A.
5
170.000
1,000
1881
1892
do
dO
P. & A.
5
137.000
1,000
1832
1883 to 1890
City Treasury,
A.. & O.
6
40.000
1861-’74
New Bedford, Mass.—Bridge and city bonds—
1891 to 1910
do
A. & O.
6
223.000
io",òòo
1875
1883 to 1884
A. & O.
5
46.000
1,000
1900
to 1904
A. & O.
5
100.000
1,000
1876
1885 to 1909 I
A. & O.
.400,000
6
1867 to ’76 1,000
1883
to
1909
a : & o.
7
200,000
1,000
1872-’74
1887 to 1891
City Treasury.
A. & O.
4
50.000
1,000
1881
Oct.
1,
’91&1901
City Treasury,
A. & O.
499.000
7
1,000
1871
Oct. 1, ’82 to ’86
do
A. & O.
6
80.000
1,000
1867
For Derby Railroad ($20,000 payable yearly)
July 2 ,1887-’97
do
5
150.000
J. & J.
1,000
1877
July 1. 1892
New Orleans,
J. & J.
6
4.300.000
1,000
1852
1874-5 & 1894
do
Various
6
221.000
1,000
1854-55
Jan. 1, 1899
do
J.
&
J.
5
82,400
1869
March 1, 1894
do
M. & S.
567.750
7
1869
June 1, 1895
do
J.
&
D.
375.750
7
1870
1887 to 1897
do
Various
8
85,500
Jefferson City (debt assumed).......................... ’57, ’67,’70 1 ....
The total debt of the city January, 1883, was $17,365,450; sinking Years. Real Estate. Person’l Prop. Tax Rate. Total Debt. Sink.Fds,&o
$1,004,412
$38,860
$17 60
funds, $1,386,805. Population in 3880. 120,722, against 82,546 in 1881.. $10,557,892 ' $7,385.416
994,651
47.623
1882.. 15,379,324
3,796,084
16 20
1870. Taxable valuations and tax rate per $1,000 have been :
Years.
Real Estate.
Personal Prop. Tax Rate. —Population, 32,630 in 1880; 23,536 in 1870.
...............
$54,122,875
$5,343,815
$2800 Memphis, Tenn —The city has been in default for interest since Jan.
1880
....
54,619,565
4,786,037
29801,1873. The Legislature passed a bill, January, 1879, repealing the
1881
1882
.......................
56,125,552
5,640,300
2900city’s charter, and the “ Taxing District of Shelby County” was organ­
.................. 1..... 56,304,772
5,203,325
29 40 ized. A receiver for the city was appointed, but U._S. Supreme Court
1883
held such action void. The compromise bonds were issued at 50 cents
-^(V. 32, p. 183, 566; V. 33, p. 153.)
Kansas Guy, Mo.—In 1876 assessed valuation was $8,923,190, and tax on the dollar. Auditing board will issue $1,145 of new bonds for eaoh.
levy 23 mills; in 1882, assessed valuation, $24,316,020, and tax rate $2,000 of old, and $147 is to be added to eaoh $1,000 of Flippen com­
promise bonds. Assessed valuation of real estate, 1875, $19,329,173s mills.
I . ___
Lawrence, Mass.*-1Total debt, $1,764,000. Sinking fund, $170,553. 600; personal, about $6,500,000. Tax rate, $2 per $100. in 1881, total
Tax valuation, 1882, $26,269,506; tax rate, $16 60. Population, valuations, $15,112,444; tax rate, $1 60 on the $100. Populationrn
39,151 ip 1880; 28,921 in 1870.
V .. 1870, 40,226; in 1880, $33,592. (V. 32, p. 70, 183, 396; V. 33, p. 176;
Lewiston, Me.—Total net debt, April 1,1883, $926,436; sinking fund, V. 34, p. 147, 604; V. 36, p. 221, 366,501, 731.)
Milwaukee, TTis.—The city cannot issue debt beyond 5 per cent of its
$143,564. The railroad bonds were issued to build the Lewiston & Auburn
RR., which is owned by the cities of'those names. Valuation in 1883, 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
$„10,679,926; tax rate, 2*2 per ct. Population, 19,076 in 1880; 13,600
bonds. There is also about $47,000 scrip issued to settle old railroau
in 1870.
bonds.
Population, 71.440 in 1870; in 1883 (estimated), 130,000.
Louisville.—The funded debt, Jan. 1,1883, exclusive of loans payable
Minneapolis, Minn.—Total debt, $1,534,000; tax valuation, 1882,
by railroads, was $8,342,000, against $8,759,000 Jan. 1,1882. The sink­
about
$40,655,442;
tax rate, 19710 mills; bonds all coupon. Population,
ing funds on Jan, 1, 1883, amounted to $4,269,830. Population by
g
- ,
census of 1870 was 100,753, against 123,758 in 1880. The following 46,887 in 1880; 13,066 in 1870.
Mobile.—Interest
was
in default from July, 1873. A settlement vrfth
figures give the assessed property valuation: 1877, $68,522,947; 1878,
$63,194,487; 1879, $64,018,242; 1880, $66,209,440; 1881,$68,753,770; bondholders was offered by act of March 9,1875. In Feb., 1879, the
1882, $70,029,724, of which $52,269,684 was reality. Tax rate in 1832, 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
on real estate, $2 35. (V. 36, p. 590.)
Lowell, Mass.—All the notes held by savings banks. Water loan sink­ cent for 15 years, and 5 per cent for 5 years. In Dec., 1882, the urn
ing fund Jan. 1,1883, $309,440; other sinking funds, $86,971. Pop­ funded debt was estimated at $188,555. Valuation of real and per­
ulation, 59,475 in 1880; 40,928 in 1870. Assessed valuations in 1881 sonal property in 1882, $15,563,130; tax rate, $6 per $1,000. Popular
(aoout 80 per cent of true value) were: Real estate, $29,627,847; per­ tion, 31,297 in 1880; 32,034 in 1870.
Nashville, Tenn.—Assessed valuation of all prppertyin 1881 was $12,sonal property, $13,158,638; tax rate, $15 70; in 1882, valuation
179,450 real property and $3,070,125 personal; tax rate, $20 per $1,000.
$46,414,412; tax rate, $15 60.
.
Lynn, Mass.—Total debt, Dec., 1882. $2,175,500; sink. f ’ds.,$333,032. Population, 43,350 in 1880 ; 25,865 in 1870.
Newark,.—The bonds in the first line m the table are payable out of the
Population, 28,233 in 1870; about 42,000 in 1882.
Manchester, N. H.—There are also $16,000 5s due before 1885. Total sinking fund ot 1859. which amounts to $92.500; those in second line
debt Jan. 1,1883, $927,500. Assessed valuations
out_70.per.cent of out of sinking fund of 1864, $1,584,500; public school bonds out o f
public school fund, $382,000; Clinton Hill bonds by sinking fund
true value), tax rate per $1,000, &c, have beeu:




mï

C IT Y

S E C U R IT IE S ,

[V ol . X X X V II.

Subscribers w ill confer a great favor by giVin
DESCRIPTION.
For explanations see notes on first page of tables.

Date of
Bonds.

Size or
par
outstanding
Value.-

INTEREST.
When
Where payable and by
payable
whom.

Rate'.

Principal^-When
due.

New Orleans—(Continued)—
Street improvement bonds...............................
1871
$1.000
$19,950
7-3 F. & A.
New Orleans.
Aug. 1, 1911
Consol, gold bonds (gen’1 and drainage series
1872
1,000
140,000
7 g. Q.—J.
New York or London.
July 1, 1922
Ten per cent bonds, deficit and old claim ... .
1871
Various
198,250
10
A.
&
O.
New Orleans.
April 1, 1881
New premium bonds (in exchange)....
8,313,000
5
Park bonds..................... ............................
1883 . - 1 ,0 0 0
126,000
6
J. & J.
New Orleans.
Jan. 1, 1923
Ten-year bonds to.fund coupons. ...".. .. ....".*.
3,393,400
6
J. & J.
Newton, Mass.—City bonds and notes............. . 1864" to"’ 75 i,ooo& c
363,953 5, 6<fc 6*2 Various
City Treasury.
1883 to 1895
Water loan ($600,000 6 s )..........
1875-76-80 1,000
934,750
4, 5, 6 J. <fc J. Boston, Comm’nwealth Bk. July 1 , 1905-’10
New York—Water stock........ ............... ............
1872
100 &c.
475,000
6&7
Nov. 1,1902
Croton water stock.................................. Ml! 11 1846 t o ’69 100 «fcc.
2
i
772,000
5&6
Q .-F .
1883 & 1890
New Croton Aqueduct stock....................MM
1865-6
100 &c.
100,000 1
6.
Q.—F.
Aug. 1,1884
Additional new Croton Aqueduct.................
1870 t o ’79 500 #c.
1,331,300 ! 5, 6<fe 7 Q.—F.
Aug.
1,1900
Croton water main stock.................................. 1871 t o ’79 500 Ac.
g
5,196,000 4,5, 6<fc7 M. <fc N,
Üov. 1,1900-1906
r Croton Reservoir b on d s.................................. 1865 to ’74 100 <fcc.
20,000
6
Q.—F.
1907
Cent. Park fund stock ($275,000 only due ’98) 1857 t o ’59 100 &c.
Oà
3,341,071
6
Q.— F.
1887 & 1898
Improvement bonds.......... .................
1879
500
500,000
5
M. <fc N.
1884
| Central Park fund stock. . . . . . .... .....................
<
0
g
1856
100 «fee.
399,300
5
Q .-F .
....
....
July 1, 1898
' Central Park improvement fund stock.. . . ___ 1858 to ’71 100 &c.
3,849,800
'6
Q .-F .
1887
& 1895
Dock bonds............. ............... ..................
1870-’7y 500 «fcc.
9,968,000 4, 5,6 & 7 M. <fc N.
iov.1,1901 t o ’ 13
Market stock.............................................
1865 & ’68 100 &e.
296,000
6 & 7 M. & N.
1894
&
1897
City Cemetery stock...............................
1869
100 &c.
75,000
7
M. <fc N.
1888
City impro vem’t st’k (part red’mable after ’96)
S2
1876
500 &c.
2,229,5 00 5 & 6 g. M. & N.
89,’92,’96&
1926
do
do
....... ..................
1870-’73 500 «fee.
4»«3
7,269,400
7
M. <fc N.
1889 & 1892
Lunatic Asylum stock...............................
1869-’70 100 &c.
700,000
cd çg
6 & 7 M. & N.
1889
Fire Department stock..............................
1869-’70 100 &c.
521,953
6
M. & N.
1899
M©
Fire telegraph bonds............... .................
1870-’73 100 &o.
597,586
6
M. <&N.
1884
' . Tax relief .bonds, coupon ........................
1870
500 &c.
3,000,000
M. & N.
7
1890
N.Y.Bridgebds ($2,42l,900red.after July,’96) 1869-’79 500 &c.
4,971,900 4, 5 & 6 M. & N.
§
s
-905.1926&
1928
Accumulated debt bonds............................. ...... 1869-’70 100 &c.
6,500,000
7
M. & N.
o ¡}
1884
to ’88
-Street improvement bonds................................ 1874-’77 100 <fcc.
727,900 5 & 6 M. & N.
1884,&
1888
Ninth District Court-house bonds.....................
187L
500 &c.
300,000
M. & N.
7
1890
Department of Parks improvement bonds.... 1874-’79 500 &c.
1,210.000
5
M. «Sc N.
s-s
Nov. 1, 1884
" Assessment bonds............. .............................. -i 1874-’78 500 &c,
o*8
7,750,000 4 & 5 M. <fc N.
io v .l,1 8 8 3 to ’ 85
City parks improvement fund stock................. 1871-’78 500 &o.
5,744,000 5,6,7&6g M. <fc N,
1901-1904
Normal school fund stock................ .................
1871
500 &c.
200,000
6
M. & N. r
£■§
1 Nov. 1,1891
Public school building fund stock.....................
1871
500 «fcc.
636,000
M. <&N.
6
Î^Z c
b3
»
Nov.
1,1891
- Additional Croton water stock......................... 1871-”/9 500 &c.
3,620,000 4,5,6 & 7 M. & N.,
1891 & 1899
Sewer repair s to ck ................... ......................
1872
500 &c.
103,000
M. & N.
6
Nov.
1,1885
Consolidated stock........*.. v
1874
500 &c.
8,779.700
6 & 7 Various
1894 to ’96
1876
do
20-50 (redeemable J u ly ’96;
500 &c.
2,058,350
5 & 6 M. & N
OÏ
Iay,’97,1916-’26
do
.................... ....................
500
739.486 4 & 5 M. & N.
1889
& 1899
Museum of Art and Natural History stock___ 1873-’79 500 &c.
958,000 4, 5 & 6 M. <fc N
1903
S ts
Third District Court-house bonds.....................
1874
500
398,000
5 & 6 M. & N.
Nov. 1,1890
aO ca3
Central Park commission improvement bonds 1878 & ’79 500 &o.
333,000
5
M. & N
N ov.l. 1884
County Court-house stock.............................
1862 t o ’ 68 100 &c.
1,000,000
M. «& N.
6
•§rd
1883 to ’92 *
& c3
do
do
No. 3 : . . . . . . _______
1871
100 «fee.
600,000
7
M. <fc N.
1884 to ’88
do
do
No. 4 & 5 ..................
1872 9 500 «fee.
653,100
5 & 6 M. & N.
1894
t o ’98
Soldiers’ bounty fund bonds............. ......... .......
1864
100 &c.
4,000,000
6
M. <fc N.
1883 t o ’90
Soldiers1bounty fund bonds, No. 3 .................
100 &c.
1865
745,800
M. <& N.
7
1895
t
o ’97
7
Soldiers’ bountv fund red. bonds, No. 2 ..........
1865
100 &e.
376,600
M. & N.
1891
. Assessment fund stock.......1 ....................... . 1868 t o ’72 100 &c.
1,829,000
M. & N,
6
§•1
1887
do
do
.......... ................ ......... .
1873
100 &c.
493,200
"ê g
6 & 7 M. <fc N.
1903
do
do
........ ............. ....... . . . . .
<D CO
1875
100 &c.
900,450
6
M. & N.
1910
Repairs to buildings stock............................... .
1870
100 <fcc.
100,000
M. <fc N.
6
1884
to ’88
Consolidated stock, gold, coupon..................... 1871 t o ’72 500 &e. 14,702,000
6 g. Various
1896 to 1901
Accumulated debt bonds................................. 1869 to ’70 100 &c.
sa
6,000,000
M. & N.
7
1884 t o ’88
N.Y. and Westchester Co. improvement bonds
1870
100 « fee.
30,000
M. <fc N.
6
1891
Consolidated stock....................... .....................
1874
100 «fee.
1,680,200
7
J. <fc D.
1896
•fa
For State sinking fund deficiency.....................
1874
100 «fee.
M. <fc N.
1,169,848
7
1884 t o ’ 86
Debt of Westchester towns annexed...............
<D
837,500
Consolidated stock, gold............... ............. .
1878
500 « f e e.
<©
6,900,000
5 g* M. <fc N.
1908-1928
Consolidated stock.............................
1880
500
2,800,000
4 " M. <fc N.
1910
Bonds for bridge over Harlem River........ ;___
500
174,500
4 & 5 M. <fc N.
Nov.,
1891.
Norfolk, Ya.—Registered stock........... .......... .
100
478,464
6
J. & J. Norfolk, Treasurer’ s Office.
1883
to ’85
Coupon bonds ($20,000 6s are J. & J .)........... Í8 7 (p 7 4
100
500,600
6
J. & J.
do
do
’ )0-’9 4 -’9 9 ,1900
Coupon bouds of 1881 (exem pt).....................
1881
320,000
5
A. <fe 0.
do
do
A p r ili, 1911
Trust and paving, coup....................................... 1872-’73
ib o
290,800
A. <fc O.
8
do
do
l .pi.,’92; July, ’93
Coupon bds, water (a mort. on water works.).
1871
100
500,000
M. <fc N. New York, Park N. Bank.
8
May, 1901
Norwich, Conn.—City bonds.................................
1868
i,o o o
125,000
A. <fc 0. lliâmes N.Bk; Bost.,Bk.Rep
7
Oct. 1, 1893
City bonds.................................. ! ........
1877
1,000
160,000
5
A. & O.
Norwich.
April 1, 1907
Water loan ($50,000 1890, $250,000,1898).!! ’68,’78,’80 1,000
300,000 5, 6 & 7 Various
do
1 398,1908 &1910
Court House............................ ; ......................
1875
1,000
164,000
J. & J.
7
do
Jan. 1, 1905
Sinning fund bonds........... .
. . . . . . . . ___MM
1878
1,000
50,000
5
A. <fc 0.
do
A p r ili, 1908
Funding 10-30s.................. .................................
1883
175,000
4
1913
Paterson, N. J.—School bonds.............. ............
1859-’73
500
92,500
7
J. & D. City Hall, by Treasurer.
Dec., 1883-1904
Funded debt bonds. ................................. ..! 1862-’71
500
110,000
7
J. & D.
do
do
Dec.,
1883-1900
Sewer b’ds ($125,000 are M.& S. & $16,000 5s) 1869-’ S1
500
417,000 5, 6 ,7 Various
do
do
4883-1902
War bounty bonds................ ........................ .
1863-’65
500
J. <fc D.
353,000
7
do
do
)ec., 1879-1900
Funding bonds, “ A” ....................................... M!
1877
100 «fee.
I. <& D.
100,000
6
do
do
June, 1887
Renewal bonds,’ ‘B” and “ C” .......................... 1877-’78
500
110,000
6
Various
do
do
1901-1905
Philadelphia—Bonds prior to consolidation___
50 &c.
4,054,566
5 & 6 J. <fc J.
Phila., by Treasurer.
1883 to ’85
Bonds for railroad stock subsidy subscript’ns
1855
50 &o.
1,725,000
6
J. <fc J.
do
do
I
do for water works. . .................................... 18*5 to ’71 50 «fcc. 6,500,000
J. <fe J.
6
do
do
1883
to 1903
do for bridges............. ................................ 1859 t o ’70 50 «fcc. 4,853,500
J. <fc J.
6
do
do
;
i

1




. .

.

.

. .

ation, 1881, $29,607,999; rate in 1881, $14 00 per $1,000. Valuation
improvement and sewerage, $54,000. The Aqueduct bonds aré not a in 1882, $29,409,328; tax rate, $14 20. Population, 16,994 iu 1880;
direct liability of tlie City of Newark. Real and. personal property liave 12,825 in 1870.
real estate,
New York City.—The total debt of New York, Jan’y 1, 1883. was
32, real estate, $130,474,337;
the amount of sinking funds, $34,332,338. The follow­
1870, 105,059, against 136,508 id 1880.' (Y. 347pT489?) Population 111 ing statement shows the details n f funded debt and the amount in the
city sinking fund at the dates nam ed:
New Bedford, Mass.—Population, 26,845 in 1880; 21,320 in 1870
Description.
Jan. 1,1881.
Jan. 1,1882.
Jan. 1,1883.
Assessed valuations (true value), rate of tax, &c„ have been:
$134.400,507
$130,474,337
Total funded d e b t.......$133,535,019
Personal Rate of Tax Total Debt,
Trust
Sinking fund........ .
32,993,024
36,110,301
34,332,388
Years. Real Estate.
Property. per $1.000.
Bonds.
Funds.
1 8 7 9 ..
.. $12,898,300
$12,874,418
$16 40
$1,123,000 $104,100
Net funded d ebt... $100,541,995
$98,290,206
596,141,948
1 8 8 0 ..
.. 13,138,40013,137,519
15 70
1,059,000
104.100 Revenue bonds.......... .
5,524,245
4,328,095
4,246,534
1 8 8 1 ..
.. 13,505,40013,609,922
18 00
1,084,000
104.100
1882 .. . ---------- 28,112,887.----------\
17 50
1,059,000
104.100
Total d e b t ............ $106,066,240
$102,618,301
$100,388,482
New Haven, Conn.—Municipal bond fund, $37,011
The population of New York, by the United States census, in 1870 was
Special loan of $75,000 to the New Haven & Derby Railroad, mid guar^ 942,292, and 1,206,299 in 1880. Since Jan. 1,1865, the valuation, rate
anteed $225,000 o f its second mortgage bonds. Population in 1870 of taxation, and net funded debt at end of year, have been as follow s:
50,840; in 1880, 62,882. Assessed valuations (about 80 per cent of true
Rate Tax p.
yalue), tax rate, &c., have beenReal
Personal
$1,000—,
Net Debt.*
Personal
Rate of Tax - Total
Sinking
Estate.
State. City.
Dec. 31.
Years.
Estate.
Years. Real Estate.
Property.
per $1,000.
Debt.
Funds, &c. 1865..........$427,360,884 $181,423,471 $4 96 $24 94
$35,973.597
1879 . $34,922,157
12,130,874
9 mills. $874,000 $156,450 1870
742,103,075 305,285,374
2 70 19 80
73,373,552
1880.. 34,797,569
13,097,158
9
854.000
176,392 1871
769,302,250 306,947,233
4 43 17 27
88,369,386
1881 . 32.966,440
13,639,376
10
774.000
169,214 1872 ........ 797,148,665
306,949,422
5 20 23 81
95,467,154
New Orleans.—A. decision of Louisiana Supreme Court, Dec., 1878 1873..
. . . . 836,693,380292,597,643
5 33
1967
107,023,471
held invalid the special tax provisions for consolidated bonds, but on 1874t........ 881,547,995
272,481,181
6 65 2135
114,979,970
appeal to U. S. Supreme Court this was reversed April. 1882. In June 1875
883,643,545
217,300,154
7 27 2213
116,773,721
1882, a law was passed to issue new 6 per cent 40-year .bonds for all 1876
.................. ' 892,428,165
218,626,178
6 51 2149
119,811,310
old bonds other than premiums, redeemable after 1895. The assessed 1877
895,963,933
206,028,160
3 78 2272
117,700,742
valuation of property, real and personal, for 1882 is about $103,177.249. 1878.-....... 900,855,700
197,532,075
3 56 2194
113.418,403
A scheme for settling the debt by a bond premium drawing plan is iii 1879........ 918,134,380
175,934,955
3 43 2237
109,425,414
practice, and drawings take place January 31, April 15, July 31, and 18 8 0..
. . . . 942,571,690201,194,037
3 12 2218
106,066,240
October 15. On June 30,1883, the total bonded debt was $15,845,000 ; 1881
976,735,199 209,212,899
3 60 22 60 102,618,301
and total floating debt, $2,6u4,ooo. The uncollected taxes for 1878 1882
,1,035,203.000 198,272,582
----- 22 50-— ■ ~ 100,388,483
and prior years, payable in scrip, were $1,336,948, and for 1879-82,
Less' sinking funds.
t Annexed towns included.
nayable in cash, $903,' 00. Population in 1870, 191,418: in 1880
The reduction between the amount of taxation in the years 1874 and
216.090. (V. 34, p. 292; V. 35, p. 50, 658. 706. 763.)
1880 ya s about $3,400,000. There was, however, no substantial reduo*
Newton, Mass. Sinking funds, January 1,1383, $172,695, Tax valu­ tion in the expense of administering the City Government, as reduc*

A ugust, 1883. J

C IT Y

S E C U R IT IE S .

XI11,

Subscribers w ill confer a g-rent favor by g iv in g im m ediate notice o f-a n y error discovered, in these Tables
INTEREST.
T
Amount
Date of
Size or
DESCRIPTION.
Due.
When
Where Payable and by
outstanding. Rate.
par
* Bonds.
Whom.
Pay’ble
Value.
Por explanations see notes on first page of tables.
Philadelphia—( Continued)—
Bonds for park and Centennial........................
do for war and bounty purposes.......... -1
do municipal, school, sewer, &c................
Guaranteed debt, gas loans....................... - —
Four per cent loan (“ A” to “ Y ” ) .................. Peoria, Ills.—School loan................................... .
War loan. . ......................................................... Water loan. .................. .
—
— m
.........................................................
do
Peoria & 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 impr. Penn, av., &c. (local assessment).
Bonds for overdue interest (temporary loan).
Portland, Me.—Loan to Atl. & St. Lawrence RR.
Loan to Portland & Rochester Railroad........
do
do
do
......
do Portland & Ogdensburg......................
Municipal—proper, ($15,000 are.5s due ’83)..
Building loan bonds.............................. ,.

J. & j ’|Philadelphia, by Treasurer. 4
6
1868 to ’70 $50 &c. $3,701,600
do
do
> 1883 to 1905 I. & J.
6
1862 to 65 50 &c. 11,650,000
do
do
)
J. & J.
6
1860 to ’70 50 &c. 15,637,425
1883 to 1905 *
do
do
J.
&
J.
6
5,999,400
50 Ac.
1883 to 1904
do
do
4
8,084,485
25 &c.
1879
7
S
T
.
Y.,
Amer.
Exch.Nat.
Bk.
1886
to 1890 '
Various
81,500
do
do
¡VEar. 1 , 1902&’03
4^2 M. & N.
42,000
June
1,1888
do
do
J.
&
D.
7
195,006
1889-1891
do
do
205,000 7,6g.&7g Various
~%
New
York.
July
1,
1888
J. & J.
100,000
-7
1893 t o ’ 98
Pittsburg, Treasurer.
A. & O.
7
4,282,500
1868 t o ’74
do
do
1908
J. & J.
6
300,000
1878
1884 to 1912
1,281,000
6 & 7 Various Pittsburg, Phila. & N. Y.
1845 to ’72
1913
2,178,600
4 & 5 J. & J. New York, B’k of America.
1863
Philadelphia.
1883 t o ’ 86
Various
5,050,700
7
1871 to ’73
1884 "
1,405,000
1879
M, & N. Boston, Blackstone N. B ’k. hfov.,1886,’87,’88
6
787,000
’ 68,’69,’70 1,000
July, 1887
do
do
J. & J.
6
627,500
1867 t o ’69 500 &c.
July 1, 1897
do
do
J. & J.
6
416,000
1872
Sept. 1,1907
do
do
M. & S.
6
1,200,000
- 1872
1883 to ’95
Boston
and
Portland.
m’nthly
1,193,500
5 &6
1859-79 500 &c.
June 1,1887
do
J. & D.
6
325,000
1,000
1867
Sept., 1885
Providence.
M.
&
S.
600,000
6
1000&C.
1855
Jan., 1893
do
J. & J.
300,000
5
1863
1000&C.
Recruiting and bounty bonds..........
July,
1900
Boston,
Prov.
and
London.
2,121,000 5 & 6 g. J. & J.
1872
lOOO&c.
Water loan bonds, gold, coupon—
July, 1900
1,879,000 5 & 6 g. J. & J. N. Y., N. City Bank, & Prov.
1874
1000&C.
do
do
registered,
July
1,1
90 0
do
do
1,500,000
1876
1000&C.
do
do
do
.
5 g- J. & J.
July 1,1895
5 g. J. & J. London, Morton, Rose & Co
1,397,250
£100
1875
June
1,1899
413 J. & D.
Providence.
600,000
1879
1000&C.
do
loan of 1879................
do
J;u ly l,’99& 1900.
5
596,000
Large.
1879
Public improvement loan, registered---1892
do
J. & J.
500,000
7
1872
1,000
Prov. & Springfield RR. bonds, guaranteed...
Sept. 1 , 1883-’84
Treasury.
M.
&
S.
5
280,000
1877
1,000
Brook Street District certificates.... —
May 1. 1885-’86
412 M. & N. Boston and Providence.
280,000
1879
1,000
do
do
do
coupon
1883-89
do
do
4*2 Various
99.438
1877 & ’79
New High School Building certificates ..
Richmond, Treasurer.
J. & J.
2,910, 908
6
do
do
:
2
J. & J.
887,400
8
July 1914-’15
do
do
J. & J.
5
652,000
New fives........................................................ .
1883 to 1903
N. Y., Union Trust Co.
J. & J.
7
148,000
1,000
1872
Rochester, AT. r .—To Genesee Valley Railroad
Feb. 1,1893
F. & A. New York and Rochester.
750,000
7
1872 to ’74 1000&C.
1884 to 1902
do
do
Various
765,000
7
For various city improvements....................... 1872 t o ’75 Various
Jan. 1,1903
N. Y., Union Trust Co.
J. & J.
7
Water w orks loan, coupon and registered. — 1873 t o ’ 76 lOOO&c. ' 3,182,000
Jan. 1,1905
do
do
«J• vil J •
410,000
7
1,000
1875
Fundins loan........ . .........................................
Aug.
1,1912
do
do
F.
&
A.
4
100,000
5.000
1882
Consol loan.........................................................
1884 to 1911
City Treasury.
4 & 5 Semi-an
404,700
50 &o.
Rockland, Me.—Municipal bonds.......................
1882
to 1899
Boston.
J.
&
J.
6
174,000
100 &0;
1869
Railroac. loan ($20,000 payable yearlj).......
1891
do
F & A.
6
111,500
100 &c.
1871
do
........ ........— .................. ..........
1902'
do
M.
&
S.
6
124,300
100 &o.
1872
do
......................
.....
On call.
City Treasury.
3-65 & 4
Notes and certificates of deposits........ .
1882 t o ’91
Various N. Y., Nat. Bank Republic
6
1,688,000
St. Louis—Renewal and floating debt bonds.., 1846 to ’71 Various
1882 to 1906
do
do
Various
6
1,104,000
Reai estate, b.hidings and general purposes. 1840 t o ’68 Various
1886 & ’87
do
do
Various
6
60,000
Street imi rovement bonds............................... 1855 t o ’57 Various
1882 t o ’83
do '
do
Various
6
127,000
Water work bonds (old).......... ....................... 1856 t o ’58 Various
Aug.,
1898
do
do
346,000
6 g. F. & A.
1,000
1868
Tow er Grove Park bonds (gold)......................
1887
t o ’95
do
do
Various
1,108,000
1,000
6
g.
Various
Sewer bonds....................... ...............................
1886
t
o '88
do
do
Various
6
641,000
Harbor and Wharf bonds........................... — 1852 t o ’68 Various
Feb. 1,1885
F. & A. N. Y., Nat. B’k Commerce.
7
700,000
1865
Bonds to Pacific Railroad...............................
fune,
1887,
& 9C
New
York
and
St.
Louis.
3,950,000
6 g. J. & D.
New water work bonds (gold)................... — .1 8 67 to ’70 1,000
April 1,1892
1,250,000
6 g. A. & O. N. Y., Nat. B’k Commerce.
1,000
1872
do
do
do ................ .—
July
1,
1894
800 ooo
M. & N.
do
do
do .......I ................
1891 to ’94
New York or London.
68lj000
6 g. Various
Renewal and sewer bonds (gold)......... .......... . 1871 t o ’73 T,&00
Nov. 1,1893
do
do
1,074,000
1,000
6 g. M. & N.
1873
Renewal purposes, gold or sterling..............
May
1, 1895
do
do
M.
&
N.
707,000
1,000
6
g.
1875
Reuewal, &c., bonds, gold, $ and &................
1894 & 1899 do
do
2,747,000
1,000
6 g. J. & J.
Renewal, &e., bonds, gold $ and £. coupon.. . 1874-’79
Ian.&
June,
190C
do
do
Various
1,024,000
5
g.
1,000
)
1880
461,000
6 g. .7. & D. N. Y., Nat. B’k Commerce. Dec. 10,1892
500
1872
Bridge approach bonds (gold)............
St. Louis County bonds assum edJuly 1 ,188T
|j. & J N. Y., Nat. Bk. Commerce.
100,000
7
1,000
1867
insane Asylum..................................
Sept. 1,1888
do .
do
M. & S
500,000
7
1,000
1868
County Jail...................... ................
June, 1892
do
do
600,000
6 g. J. & D
1.000
1872
General purposes, gold.....................
1889 to 1896
do
do
J.
&
J
850,000 7 & 6 g.
. 1873 to ’76 1,000
Repewal..............................................
April 1,1905
do
do
1,900,000
1,000
6 g. A. & O
1875
Park bouds, coupon, gold................
May 1, 1895
do
do
500,000
■ 6 g. M. & N
1,000
1875
County bonds.....................................
1880 t o ’89
133,850
6 & 7 Various N. Y., Nat. B’k Commerce.
500
„. 1860 to ’69
Si. Joseph. Mo.—Bonds to St. Jo. &Den <
Nov., 1889
do
do
M. & N
67,500
7
500
1869
Bonds t< Missouri Valley Railroad...
1880
t o ’89
St.
Joseph
and
New
York.
Various
156,700
10
&
6
100
&c
.
1858
t
o
’69
Bonds f( r various purposes.................
1891
J. & J N. Y., Nat. B’ k Commerce.
536,250
10
500
1871
Bridge h m ds........................................
1901
do
do
F.
&
A
928,800
4
50
&C
1881
New compromise bonds (60 per cent)
1906 to 1912
Various N. Y., Kountze Brothers.
4
431,000
1,000
. 1881-82
St. Paul, Minn.—Bonds................... ...
1887 to 1911
do
do
Various
291,600
5
. 1867 to ’83 1.000
Bonds.................................................. .
1888 to 1904
dò
do
Various
468.000
6
. 1868-’78-’l 500 &c
do ..........&.......................................,
1883 to 1903
do
do
Variou
371,595
7
Various
. 1862 to ’7£
do .....................................................
1899 to 1904
do
do
Various
263,125
8
. 1860 to ’79 Various
do . . . ............... ...............................
tion in State taxes was about equal to reduction in tax levy. (V. 33, p*
40, 244 ; V. 25, p. 51; V. 35, p. 265; V. 36, p 590; V. 37, p. 23.)!
Norfolk, Fa.—The assessed valuations and tax rate per $1,000 have been:
Years.
Real Estate.
Personalty. Tax Rate.
1879
...................
$8,689,716
$1,497,130
$19
1880
...
8,861,392
1,463 498
19
1,310,861
20
188 l .......................- ................. 9,354,765
1 8 8 2 .;.................................
9,526,463
1,627,855
—Population in 1870, 19,229 ; in 1880, 21,966.
Norwich, Conn.—The assessed valuations, tax rate, &c., have been:
Real
Personal Rate of Tax Total
Sinkim
&c.
1
Property. per $1,000. Debt. Funds,
Estate.
Years.
$765,664
$3,725,846
$11
1876............. $7,735,158
763,277
3,273,074
8
1877.-:...... ... 8,184,815
3,535
771.863
3,039,564
7
1878.......... ... 7,794,678
9,191
777,312
3,057,099
9
1879............. 7,435.418
—Population, 21,145 in 1880; 16,653 in 1870.
Paterson, N. / . —Finances are apparently in a sound condition. The
assessed valuations, tax rate per $1,000, <fec., have been:
Debt.
Personalty. Tax Rate,
Real Estate.
Years.
$1,286,500
214
$3,255,659
1878............ ...... $15,850,857
1.275.000
3,246,501
1879............ ...... 15,923,108
2^4
1.259.500
2I4
3,544,517
1880............ ....... 16,398,608
1.264.000
3,637,837
1881............ . . . . 16,935,278
2^4
1.251.500
2-30
3,768,240
1882............ . . . . 17,746,040
—Population, 51,031 in 1880; 33,579 in 1870.
Philadelphia.—On Jan. 1, 1883, the debt was $67,468,316; floating
debt, $454,576. In tbe following table the assessed value o f real estate
is near its cash value:
Years.
Real Estate.
Personalty. Tax Rate.
1 8 7 7 ..
. . . ........................... $593,313,532
$9,755,000
$22 50
1 8 7 8 .. . ......................... - ....... 577,548,328
9,439,769
21 50
1 8 7 9 .;.............................
526,539,972
8,069,892
20 50
1880
.............................. 529,169,382
7,498,452
20 00
1881
.................. - ................................... .................. 535,805,744
1882
.............................. 545,608,579
8,795,700
19 00




Assessed valuations of property for 1883 are
„ _
___
$516,984,183; suburban property, $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 (estimated), 40,000.
Pittsburg.—Assessed valuation in 1880: Real property, $85,744,990 ;
personal, only $2,516,540. Tax rate, 1880, 20-4 mills p e r $ l. Popu­
lation, 156,389 in 1880; 86,076 in 1870.
Portland, Me.—The sinking fund and available assets March 31,1883,
were $155,806. The city is protected by mortgages on Atlantic & StLawrence and Portland & Ogdensburg railroads. Population in 1879,
35,010, against 31,413 in 1870. and 26,341 in 1860. Population m
1880, 33,810; 1870, 31,413. The assessed valuations, tax rate, &o.,
have been:
„„
„ , ,
•
Real
Personal Rate of Tax Total
Sinkings
Estate.
Propertv. per $1,000.
Debt- Funds. &c.*
Years.
$19,825,800
$10,359,128 $25 00 $5,235,600 $225,710
187980
..
11,976.456 25 50
4,688,100
92,356
18808 119
.. 777,200
11,609,585 23 50
4,620,500
40,161
1881-82 .. 19,886,300
1 _2-3
........
12,354,455
2150
4,545,500
51,869
188
.... 20,288,300
* These do not include the sinking funds for railroad loans.
Providence, R. I .—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 m 1885. $676,021 1893,
$255.420; 1895-99, $390,274; 1899-1900, $51,753; 1900-6, $125,416;
Brook Street district, $75,465. Population, 1870, 68,904; 1880,104,8 j 7.
The laws of Rhode Island now limit the debts of towns to 3 per ct. of their
assessed valuation. Ass’d valuations (true value), tax rate, &c., have been:
Personal
Tax per
Total Assets in Sink.
Real
Property.
$1,000.
Debt.
Funds, A c
Estate.
Years.
$30,699.400 $14 50 $10,590,550 $1,292,697
18 7 8.. $86,341,100
.
1,237,008
14
00
10,475,550
28,765,600
-86,816,100
1879..
.
13 50 10,202,688
1,359,142
27,908,900
1880.. . 88 , 012,100
14
00
10,100,599
1.397,558
28,413,800
1881... 87,788,000
14 50 10,077,099
30,208,300
l,597,2SO
1882...
7,863,38588,987,900
19 50
—State valuation, $168,547,726; city, $119,196,200.

C IT Y

X1Y

S E C U R IT IE S ,

[VOL. X X X V II.

Subscribers w ill confer a great favor by g iv in g Im m ediate notice o f any error discovered In these T ables.
DESCRIPTION.
For explanations see notes on first page of tablés.

Salem, Mass.—City debt......................................
City d e b t..............................................................
Water loan..................................... J....................
do
.................. .................. .....................
San Francisco— Bonds of 1858, coupon (gold)..
Judgment bonds, coupon (gold).....................
Central Pacific Railroad, coupon (gold)........
Western Pacific Railroad,
do
do ___
Judgment bonds,
do
do .........
School b o n d s........ .......... ........ . . . ; ...................
School bonds. . . . ................................... .............
Park improvement b o n d s ..............................
Hospital bonds................... ...............................|
House of Correction bonds................................
City Hall construction.................. .......... ........
Montgomery Ave (special ta x ).............. .........
Dupont St. (special) (Act March 4 ,1 8 7 6 ).!...
Savannah, Qa.—New compromise bonds............
Somerville, Mass.—City debt................................
W a terloa n ..................... . . . . ..........................
Springfield, Mass.—City notes........ ....................
City bonds.......................... .......................... .
Water loan ($200,000 are 6 per cen ts)........
Railroad loan.......................... ........ t f ................
Toledo, O.—General fund city bonds, coup........
Toledo «feWoodville Railroad, coupon..............
Waterworks ($3,000 only 6s)..........................
Short bonds, chargeable on special assessm’ts.
Municipal bonds.......... .......................
........
Worcester, M.—City, ($531,000 c., $1,437,400 r.)
Sewer debt (all registered)............. . . . . . . . . . . .
Water debt ($80,000 coup., $279,300 reg.) . . . .
Bonds......................................... ................... .

Date of
Bonds.

Various.
1871
1868-9
1878
1858
1863 t o ’64
1864
1865
1867
1870
1874
1872 to ’75
1871 t o ’73
1874
1875 t o ’76
1873-74
1876
1879

Size or Amount
par
outstanding.
Value.

$100&c.
1,000
100 &c.
1,000
500 &c.
500 &c.
500 &c.
500 &c.
500 &c.
500 &c.
500 &c.
500 &C.
500 &c.
500 &c.
500 &c.
100 &c.
Various.
Large.
Large.
1,000
1,000
1,000

Various.
1870
’73,’74&79
Various.
Various.
1861 to ’81 500 &c.
1870 to ’81 500 &c.
1870 t o ’76 500 &c.
1883




INTEREST.
When
Where Payable, and by
Pay’ble
Whom.

$154,500 4, 5 & 6 Various
300.000
6
J. & J.
500.000
6
A. & O.
398.500
5
J. & J.
290.000
J.
& J.
6g435.500
A. & O.
I s ' J.
284.000
& J.
l7 gSI
165.000
. M. & N.
246.000
A.
<& O.
I s - J. &
285.000
D.
1 s200.000
6 g. J & J.
475.000
6 g . J. & J.
210.000
6 g. M. & N.
150.000
I g- J. & J.
611.000
6 g.
1.579.000
919.000
J. & J.
3,356,800
Q -F .
1.250.000 5 5 ^ 6 6^2 Various
335.000 5^ , 6,6*2 Various
138.000 4*2, 6 Various
157.000
6
Various
1.200.000
6 & 7 A. & O.
220.000
7
A. & O.
772.000 4is to 8 Various
432.000
7-3 M. & N.
1, 000,000 6 & 8 Various
346.200
7 & 8 Various
400.000
6 & 8 Various
1,968,400 4, 5 & 6 Various
325.000 4, 4*2, 5 Various
459,300
5 & 6 Various
70,000
4
A. & O.

Rochester.—Total debt funded, $5,355,000 Jan., 1883. The bonds of
Genesee Valley RR. loan, $148,000, are provided for by net receipts
from a lease of said road to Erie Railway. Population, 89,366 in 1680;
62,386 in 1870; in 1882, estimated, 105,000. Assessed valuation (60
per ct. of true value), rate of tax, &c., have been:
Real
Personal
Tax per $1,000
Total
Years.
Estate.
Property.
in old Wards.
Debt.
19-64 £
1 8 7 8 .... $42,658,350
$1,706,300
$5,471,686
1 8 7 9 ..
37,299,400
..
1,584,940
21-79533
5,446,186
1 8 8 0 ..
34.408,725
..
1,430,144
2386
5,382,950
1,291,320
2467
1 8 8 1 .... 34,596,225
1 8 8 2 .... 34,849,975
1,202,395
28-61
5^355,000
Richmond, V a —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, $24 per $1,000. Population, 7,599 in 1881 ; 7,074 in
1870.
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, 3212 mills. 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
o f 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.
—(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
by law in 1877 and city assumed the county bonds. The Comptroller
ives the following in his report to April, 1882: The liabilities appear as
ollows: The bonded debt at the close of fiscal year (April 10,1882).is
$22,417,000. A claim of the St. Louis Gaslight Company for gas fur­
nished. amounting in 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.—s
and Personal
New
Old
Bonded
Years.
Property.
Limits.
Limits.
Debt.
$5 00
$17 50
$22,614,000
1879 ........ 1............ $164,399,470
1 8 8 0 . , . ................. 160,634,840
5 00
17 50
22,507,000
1881
.......
167,336,600
5 00
17 50
22,417,000
1882
.............. 191,720,500
5 00
17 50
22,311,000
St. Paul, Minn.—Population in 1870 was 22,300; in 1880, 41,498;
in 1883 the local estimate of population is 90,000. Assessed valuations
■of taxable property and tax rate have been:
Personal Rate of Tax
Total
Sinking
Years.
Real Estate.
Propèrty.
per $1,000.
Debt.
Funds, &c.
1 8 7 6 ..
.. $18,835,525
$6.340,493
22 mills. $1,332,500 $551,755
1 8 7 7 ..
.. 18,993,545 5,452,871
18 P
1,327,200
567,642
1 8 7 8 ..
.. 17,300,4865,491,026
13 m
1,356,444
616,000
1 8 7 9 ..
.. 17,300,7665,942,503
15 “
1,519,310
656,000
1 8 8 2 ..
.. 30,000,00010, 000,000
21
1,959,910
^Valuation of real estate is about one-third of true value.
Salem, Mass.—The sinking fund January 1,1883, was $288,253. There

f

Rate.

Principal—When
Due.

City Treasury.
1883 to 1892
Boston, Merchants’ Bank,
Jan. 1, 1891
do
do
Apl. 1,1883-1898
do
do
July 1,1904
San F.& N.Y,, Laidlaw & Co.
Jan. 1, 1888
do
do
Oct. 1, 1883
do
July 1, 1894
do
do
May 1. 1895
do
do
do
Oct. 1, 1887
do
do
June1,1882t o ’ 90
do
do
July 1, 1894
do
do
1897 & 1904
do
do
Nov. 1, 1891
do
do
July 1,1894
do
do
1899
San.F.& N.Y.,Laidlaw& Co.
1896
N. Y.,- Eugene Kelly & Co. ! Feb. 1, 1909
Boston, Nat. Security Bank
1882 to 1896
do
do
1880 to 1906
City Treasury.
1883 to 1889
Boston, First National B’k.
1883-1890
do
do•
Api. 1 ,’94, to 1905
do
do
1883 to 1893
N. Y., Imp. & Trad. N. Bk.
1883 to 1909
do
do
May, 1900
do
do
1893, ’94 & ’99
do
do
1883 t o ’87
1883 to 1892
C.Treas.&Bost. Mchts.’ Bk.
1883 t o 1906
do
do
1899 to 1905
do
do
1885 to 1906
Boston and Worcester.
April 1,1893

of 4 per cent bonds also held by sinking funds. Population,
27,563 m 1880; 24,H 7 in 3.870. 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 Duoont Street bonds are special issues charge­
able only on the assessment of property benefitted. The assessments for
tour years and tax rate (per $100) are given below. The large increase
m personalty in 1880-81 was made by the arbitrary assessment of
persons making no sworn statements of their property.
Realty.
Personaltv.
Tax Rate
187879
$190,280,810
$54,196,550
$2 24
187980
166,429,845
51,057,229
1 99ifl
1880- 81
165,023,658
279,287,738
2 21
1881-82
155,834,879
66,598,521
1 15
In 1881-82 valuation, and tax rate are for city and county only; State
valuation was. $168,301,669 real and $71,121,993 personal, and tax
rate, 65 ^ cents.
Sinking funds raised annually amount to over $225,000, the amount
on hand June 30,1882, being $1,020,212. (V. 34, p. 55 0 ; V. 36, p. 445.)
Savannah, Ga.—Default was made on interest Nov. 1,1876, in conse­
quence 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
in similar bonds. Assessed value of real estate and tax rate each year
have been as follows : In 1879, $10,100,000, $25 ; 1880, $10,300,000,
$25; 18*1, $10,500,000, $25; 1882, $10,650,000, $30. Population in
1870, 28,235, against 30,709 in 1880 and 37,333 in 1882.
Somerville, Mass.—Total debt, January 1, 1883, $1,585,000; sinking
fund, $373,654. Property valuation in 1$82, $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.
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
Tax rate
Years.
Real Estate.
property.
per $1,000.
$22,746,330
$6,637,845
$1100
1878 .....................
1879 .......>.............
22,211,230
7,230,094
12 00
1881 ..............
23,795,920
8,935,850 1250
1882 .........
25,084,420
9,198,258
12 50
—Valuation of real estatp is about 67 per cent of true value.
Toledo.—Total debt, January, 1883, was $3,007,649. 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,z 5 0 ; rate, $ 2 1 5 0 .
Population, 50,137 in 1880; 31,584in 1870. (V. 30, p. 356.)
Worcester, Mass.—Total debt, January 1, 1883, $2,717.700. Cash
asseis, $445,197, including $355,890 in sinking fund. Population,
58,291 in 1880, 41,105 in 1870. Tax valuation, 1880, $41,005,112; in
1881, $42,606,529; 1882, $45,504,512; tax rate, 1-74.

August 1883.1
’

J

R A IL R O A D
■ y

_____ .

STOCKS
__________

AND

BONDS

XV

________ _____

Subscribers w ill,c o n fe r a great favor by g iv in g im m ediate notice o f a n y error discovered in these Tables.
INTEREST OR DIVIDENDS.
* Bonds—Princi
_______________ DESCRIPTION.
_________ _ Miles Date Size, or
pal, When Due.
Amount
Rate
per
When
of
of
Pay
Where Payable, and by Stocks—Last
For explanation of column headings, &c., see note8
Road. Bonds Value. Outstanding Cent. Payable
Dividend.
Whom.
on first page of tables.
Alabama N. 0. Texas <£ Pacific June.—Debentures.. 233
296
Ala. Ot. South’n. —1st mortgage, coupon...................
Albany Susquehanna—Stock .............. '. ........... 199
142
1st mortgage......................................................---Albany City loan (sinking fund, 1 per ct. yearly). 142
142
2d mortgage................... ....................- ............ -----Consol, mort. (guar. D. & H. endorsed on bonds).. 142
259
Allegheny Valley—Stock............................ .'.................
132
General mortgage (Riv. D iv.)..........................
Bonds to State Pa. (endorsed) 2d mort., East ext. 110
1st mort., East’n Extern, guar, by Pa. R R ............ 110
259
Funding income bonds, with traffic guarantee—
27
Amador Branch—1st mortgage........... ......................
48
Asheville <6 Spartanburg—Stock..................... ..........
1st mortgage.............................................................
Ashtabula & Pittsburg—1st mortgage, coup, or reg.. ‘ 62
Atchison Col. <&Pacific—1st mort., guar.................. 229
34
Atchison Jewell Co. <&West.—1st M., guar. C.B.U. P.
Atchison Topeka <£ Santa Fe—Stock . .*.___. . . . . . ___ 1,820
470
1st mortgage, gold .........................................
Band grant mortgage, g o ld ....................................
Consol, bonds, gold.................................................. .
Bonds, gold (secured by mortgage bonds).............
8. F. bonds for purchase of K. C. L. & S. K. stock.
Sinking fund bonds (secured by mort. bds.)..........
Sink, fund bds. (secured by deposit of mort. bds.)
27
Wichita <feSouthwest., 1st M., gold, guar .............
66
Kane. City Top. & West. 1st mort., g o ld ........
do
do
income bon d s..................
Pueblo & Ark. Valley, 1st mort., gold, g u a r ........ 148
do
do 1st (& 2d on 148 miles) guar.. . 134
Kansas City Emporia & S., 1st mort., guar.......
Cow. Sum. & Ft. Scott, 1st mort., guar...................
Marion & McPherson, 1st mort., guar....................
44
~ Pleasant Hill & De Soto, 1st M., gold.....................
31
Florence El Dorado & W., 1st mortgage, gold . ...

1882 £20, &c. $7,500,000
1,679,000
1878 $1,000
3,500,000
100
998,000
1863
1,000
1,000,000
1,000
1865
1,708,000
1,000
1865
6,000,000
1,000
1876
2,166,500
50
4,000,000
1,000
1866
2,700,000
1870 100,000
1,000 10,000,000
1871
8,760,700
1874 100 &c.
675.000
1,000
1877
1.050.000
500.000
1.500.000
1,000
1878
4,072,000
1,000
1879
542,000
1,000
1879
100 56,913,200
7,041,000
1869 500 &e.
2,915,500
1870 500 &c.
108,500
1,123,000
1,000
Ì880
1,000
3,669,000
1880
1,000
1880
4,996,000
1,000
6,450,000
1881
1872
1,000
412,000
1,000
854,000
1875
200,000
1878
1875
1,000
1,633,000
1,000
1,942,200
1878
1879
1,000
532,000
1879
1,000
798,000
1,000
713,000
1879
500
120,000
1877
1,000
310,000
1877

6
6 g.
3^2
7
6
7
6 &7

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

&
&
&
&
&
&
&

O.
London.
April 1, 1907
J. N.Y., Farmers’ L. &T. Co Jan. 1, 1908
J. N. Y., B’k of Commerce. July 2, 1883
J. N.Y.,Del. &Hud.Can.Co
July, 1888
N.
do
do
Nov., 1895-’97
O.
do
do
Oct., 1885
O.
do
do
April 1. 1906

7-30
5
7
7
6

J. & J.
Jan’ary
A. & O.
A. & O.
J. & J.

N. Y., Winslow, L. & Co.
Harrisburg, Treasury.
Philadelphia or Loudon
Pittsburg, Co.’s Office.
N. #Y., Cent, Pacific RR.

6
6
6
1*2
7 g.
7 g.
7 g.
5 g.
5
413
6
7 g.
7 g.
7
7 g.
7 g.
7 ?
7
7
7 g.
7 g:

F. & A.
Q .-F .
Q .-F .
Q .-F .
J. & J.
A. & O.
A. & O.
A. & O.
M. & S.
A. & O.
J. & D.
J. & J.
J. & J.
M. & S.
J. & J.
J. & J.
J. & J.
A. & O.
A. & O.
A. & O.
A. & O.

Phil., Fid. I.T. & S.D.Co.
N. Y.. Hanover N. Bk.
N.Y.,Un.Pae. RR office.
Boston, at Office.
Boston, North Nat. Bk.
do
do
do
do
Boston, Boston Nat. B’k.
do
do
Bosfc. Safe Dep. & Tr. Co.
Boston.
Boston, North Nat. Bk.
do
do
Boston, Boston Nat.B’k.
Bost., N. Bk. of N. Am’ a
do
do
Boston, North Nat. Bk.
do
do
do i
do
Boston, Everett N. Bk.
Boston, Bk. of No. Am.

March 1,1896
100,000 y ’rly.
April 1, 1910
Oct. 1, 1894
Jan. 1, 1907
Aug. 1, 1908
M a y l, 1905
May 1, 1905
May 15.1883
July, 1899
Oct. 1, 190»
1903
April 1, 1909
Sept. 1,1 92 0
Oct. 1, 1920
Dec. 1, 1911
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, 1907

Alabama New Orleans Texas <£ Pacific Junction (Limited).—This is an °rganized September 25,1878, and it is leased by Penn. Co., which pays
English corporation holding the controlling interest in the Vicksburg & net earnings to A. & P. The common stock is $958,491 and preferred
Meridian, 142 miles; Vicksb. Shrevep. & Pac., 189 miles; N. O. & North stock $700,000. Gross earnings in 1881, $317,012; net, $123,888;
Eastern, 200 miles; and Spanish Fort Railway, near New Orleans, 13 1882, gross, $343,185; net, $112,298.
miles. It also controls the Cincinnati New Orleans & Texas Pacific
Atchison Colorado <£• Pacific.—Waterville, Kan., to Lenora, Kan., 19 2
Railway Co. (lessee of the Cincinnati Southern Railway). The manage­ miles; Greenleaf, Kan., to Washington, Kan., 7 miles; Downs, Kan., to
ment of the company is the same as that of the Alabama Great Bull City, Kan., 23 miles; Yuma, Kan., to Talmage, 29 miles; total,
Southern RR.. Length of roads, when completed, 867 miles; add Ala. 252 miles. The road is an extension of the UnionPacifle Central Branch. Great Southern RR., 295 m iles; entire system (when completed), 1,162 by which the bonds are guaranteed and the road is controlled, and
miles; of which, on .1an. 1,1883, there remained to be finished about 250 the whole system is virtually owned by Union Pacific, but operated b y
miles. The preferred or “ A” shares are £1,500,000, and the common, or Mo. Pacific. Stock, $1,526,800.
“ B” shares £2,500,000. The debentures are redeemable any time at
Atchison Jewell Go. <6 West.—Jamestown, Kan., to Burr Oak, Kan.,
115, on six months’ notice. The company holds the following securities,
viz.: Cin. New Orleans & T. P. $1,532,000 stock; Vicksb. & Meridian, 34 miles. Under same auspices and control as Atchison Colorado &
$245,000 1st mort., $105,000 2d mort., $416,500 3d mort., $1,464,300 Pacific. Stock, $202,800, of which Union Pacific owns $105,000.
Atchison Topeka & Santa Fe.—Dec. 31, 1882, mileage was as follow s:
pref. stock, and $363,000 com. stock; of Vicksburg Shreveport & Pacific
$3,692,000 1st mort., $1,931,000 incomes and $1,594,000 stock; of N. O. Main Line—Atchison to Kansas State line, 471 miles. Leased—Kansas
& North Eastern $4,900,000 1st mort. and $4,320,000 stock. (V. 33, p. City to Topeka, 66 miles; Pleas’t Hill to Ced. Juuc.,Ka., 45 miles; Em­
poria to Howard, 76 miles; Florence to Douglas, 54 miles: Florence to
2 2 ; V. 34, p. 573 V. 35, p. 515; V. 36, p. 169.)
Alabama Great Southern.—Dec. 31, 1882, owned from Wauhatchie, Ellinwood, 99 miles; Halsted to Sedgwick, 9 miles; Newton to Wichita.,
Tenn., to Meridian, Miss., 290 miles; leased,Wauhatchie to Chattanooga, 27 miles; Wichita to Arkansas River, 69 miles; Wellington to Caldwell,
6 miles; total operated, 296 miles. The Alabama & Chattanooga 23 miles; Ka>n. State L. to S. Pueblo, Col., 149 m iles; Pueblo to. Rockwas opened May 17, 1871. Default made January 1, 1871, and vale. Col., 37 miles; La Junta to N. Mex. State L., 96 miles; Col. St. L.
road sold under foreclosure January 22, 1877. Present company to San Marcial, N. M., 354 m iles; Lamy to Santa Fe, 18 miles; San Marorganized November 30,1877. New company assumed Receiver’s cer­ cialto Deming, N. M.; 128 miles: Rincon to Texas line, 58 miles; coal
tificates and issued new bonds for $1,750,000. The lands were conveyed roads, 15 m iles; Los Vegas Hot Springs road, 6 miles; Texas line to El
in full settlement to the holders of the $2,000,000 of Ala State bonds. Paso, 20 miles; total leased, 1,319 miles. Total operated directly, 1,820
These lands (about 550,000 acres) are held by trustees. (V. 30, p. 117.) miles. Owned jointly—Burlingame to Manhattan, 57 miles. The Kan.:
The road and equipment have been thoroughly renewed. Capital S tock- City Lawr. & Southern Kansas, 98 miles, was also acquired by purchase
Common, $7,830,000, and,preferred 6 per cent, $1,750,000; funded debt, of the stock in Sept., 1880, and the 5 per cent bonds due Sept. 1,1920»
$1,750,000, and Receiver’s certificates, $178,000 (of which $134,000 in issued therefor (V. 31, p. 559), with sinking fund of 1 per cent a year.
The Kansas City Topeka & Western is leased, and the lessee pays
litigation, all valid certificates allowed by U. S. Court paid on presenta­
tion). Gross earnings in 1882, $856,757; net. $256,328. Gross in interest on the Kansas City Topeka & West, bonds as rental. The 5 per
cent
bonds were issued for stocks and bonds purchased, and 4 1a per
1881, $789,376; net, $286,424. (V.34, p. 3 4 2 ; V .36,p. 589.)
cents for extension of the line to Deming and El Paso, and have the
Albany <6 Susquehanna—Deo. 31,1882, owned from Albany, N. Y., to 6 per cent mortgage bonds of the Rio Grande Mexico & Pacific and
Binghamton, N.Y., 142 m iles; branches—Quaker Street, N.Y., to Schen­ the Rio Grande & El Paso roads deposited as security for them. The
ectady, 14 miles; Cobleskill, N. Y., to Cherry Valley, 21miles; operates sinking fund is l ^ per cent, rising to S1^ by 1910. The 6 per cent sink­
Lackawanna & Susquehanna Railroad, 22 miles; East Glenville to ing fund bonds of 1881, due 1911, are secured by mortgage bonds de­
Coons, 10 m iles; total operated, 209 miles. Cnarterea April 19,1851, posited, as stated in V. 35, p. 373. They are redeemable by the sinking
and road opened January 14, 1869. Steel rail, 178 miles. Leased fund at 105. Such bonds as are held in the company’s treasury, or
in perpetuity from Feb.. 1870, to Del. & Hud. Canal Co.; rentals, 7 p. ct leased line bonds held as collateral for any of its own bonds given
on stock and interest on bonds. Additions and betterments charged to above, are not included in the above amounts outstanding.
lessors, and cost made part of investment. In 1871 lessees built the Lack­
The Sonora RR. in Mexico (262 miles) was purchased in March, 1882,
awanna & Susquehanna RR. from Nineveh to their Pennsylvania coal by giving one share of A. T. & S. F. stock for two shares of Sonora stook
fields, and secured the joint use of the Jefferson RR. This opening or $200 m income bonds, and the Sonora 1st mortg. bonds were guaran­
gave a large coal traffic to the road and to the other Delaware & Hud­ teed. (See V. 34, p. 315. 461.)
son leased roads north from Albany to the Canada line.. The consoli­
The Leavenworth Topeka & Southwestern RR. stock (four-fifths of it)
dated mortgage is for $10,000,000, of which $3,000,000 are 7 per cents. was acquired in September, 1882, and the bonds at 4 per cent guaran­
In 1883 some counterfeits of the 2d mortgage bonds of 1885 were teed; one-half by the At. Top. & S. Fe and one-half by the Union Pacific»
found and it was proposed to take up all that issue with consol, mortgage —(V. 35, p. 297.)
bonds. Gross earnings as reported to State Engineer “were in 1880-1,
An agreement was made in Feb., 1880, with the St. L. & San Fran., for
$1,840,049; net, $638,974; in 1881-2, gross, $2,274,014; net, $853,844. the joint construction of aline to the Pacific, under name of Atlantic &
—(V. 36, p. 250, 535.)
Pacific. See Atlantic <fc Pacific.
Allegheny Valley.—Dec. 31,1882, owned from Pittsburg, to Oil City,Pa.,
The annual report for 1882 was published in the Ch ronicle , V. 36,
132 m i l e s ; branches—Red Bank, Pa., to Driftwood, 110 miles; others, 17 p. 397 and 451. Income, etc., for four years were as follows :
1882
1881.
1880.
m iles; total operated, 259 miles. Chartered April 4,1837. Road opened
1879.
through to Oil City (132 miles) Feb. 2,1870. Low-Grade Div., Red Bank
Earnings—
$
$
$
$
3,662,576
2,970,608
to Driftwood (110 miles) opened May 4,1874. The company became em­ Passenger..... ............. 1,353,231
1,786,901
9,051,623 10,537,201
barrassed in 1874 and compromised with its creditors. It still falls short Freight.......................... 4,883,435 6,499,981
573,528
270,094
562,278
of earning interest liabilities. The amount of income bonds authorized Mail, express, & c ........
144,777
is $10,000,000; these receive all revenue left after interest on prior
14,773,305
12,584,509
liens, and any deficiency is made up by additional issues. The income Total gross earnings.. 6,381,443
8,556,976
8,662,756
8,063,326
coupon receives what there is in cash and balance in bond scrip. Of the Total operat’g expens. 2,963,128
4,374,287
income bonds the Pennsylvania RR., Northern Central and Philadelphia Net earnings............... 3,418,315
6,110,549
4,521,183
4,182,689
& Erie hold $5,408,000, the interest on which is paid altogether in
INCOME ACCOUNT.
bond scrip; the bonds held by individuals are paid in cash and scrip
1882.
1881.
1880.
1879.
conv. into inc. bonds. (See annual report, V. 36, p. 622.) The earnings»
$
Receipts—
$
$
$
&c., for two years were as follow s:
6,110,549
4,521,183
4,182,689
Net earnings............... 3,418,315
Years. Pass. Mileage. Freight Mileage. Gross Earnings. Net Earn’gs. Pottawat’eland ae’et.
139,322
54,095
1881 .......17.292,869
127,615,267'
$2,169,786
$904,672 Rentals and interest..
130,739
230,781
229,837
120,148
1882 ....... 19,141,989
153,860,833
2,356.698
886,603
Sundry credits............
60,034
*611,295
34, p. 4 3 4 ; V. 35, p. 404; V. 36, p. 399, 6 2 2 .)
Amador Branch.—Galt, Cal., to lone, Cal., 27 miles. Leased in per­
7,006,720
Total in com e...... 3,748,410 4,302,837 4,751,020
petuity from Jan. 1,1877, to Central Pacific—rental $3,500 per month.
$
$
Disbursements—
$
$
Stock, $675,000. Leland Stanford, President, San Francisco.
824.859
774,740
864,273
836,772
Rentals paid...............
Asheville ¡6 Spartanburg.—From Spartanburg, S. C., to Asheville, Interest on debt.........
1,122,346
866,662
734,527
795,446
N. C., 67 miles, of which 49 miles, Spartanburg to Hendersonville, Dividends....................
3,324,793
1,841,021
1,727,195
691,311
in operation. Formerly Spartanburg <& Asheville, sold in foreclosure Rate of dividend........
6
6
3
8^2
April, 1881, bought in by bondholders for $111,000, and reorganized on Sinking funds.............
132,030
170,525
above stock basis. Gross earnings in 1880-81, $38,693; net, £2,169; Sundry debits.............
4,494
486,331
35,1*5
72,812
gross in 1881-82, $39,721; net, $670. (V. 32, p. 17, 396; V. 36, p. 453.) Miscellaneous.............
40,490
Ashtabula <6 Pittsburg.—December 31,1882, owned from Youngstown,
3,361,120
3,618,948
5,928,857
Tot. disbursem’nts y,436,831
O. , to Astabula Harbor, O., 62-6 miles. Organized as Ashtabula Youngs­
1,132,072
1,077,863
941,717
town & Pittsburg in 1870, and road opened'May 1,1873. Pennsylvania Balance, surplus....... 1,311,579
Company, as lessees, guaranteed bonds up to January 1,1877. Default
* Suspended U. S. Government and pool earnings for 1880 and 1881
July 1,1878, and property sold August 21,1878. Existing company not previously credited to income account.




XVI

R A IL R O A D

STO CK S

AND

BON DS.

[Y ol . X X X Vii.

Subscribers w ill confer a great favor by g iv in g im m ediate notice o f a n y error discovered in these Tables.
DESCRIPTION.
Bonds—Brinci INTEREST OR DIVIDENDS.
Miles Date Size', or
pal, When Due
Amount Rate per
of
of
par
When Whére Payable, and by Sto cks—Last
Outstanding
on first page of tablea.
Road. Bonds Value.
Cent. Pay’ ble
Whom.
Dividend.
Atch. Top, A S.Fe—(Continued.)—
_ Leavenworth Topeka & S. W —1st mort., guar___
50 1882 $1,000
$690.000
New Mexico & So. Pacific—1st mortgage, gold__
295 1878
1,000
4,425,000
g- A. & O. Boston, Everett Nat.Bk, April 1,1909
Sonora RR., 1st mort., gold, guar. ($20,000 p. m.) 262 1880
1,000
4,307,000
7
J. & J.
Boston.
1910
Atlanta A Charlotte.—New prer. mort..................... . 265*2 1877
1,000
500,000
7
I
A. & O. N.Y., Central Trust Co. April 1,1897
Mortgagè bonds............................................. ........
265*2 1877
1,000
4,250,000
7
J.
J.
do
do
Jan.
1, 1907
Income bonds, registered (not cumulative)..........
500
1880'
750,000
6
A.. & O.
do
do
April 1,1900
Atlanta A West Point—Stocx.......................................
87
100
1,232.200
3
J.
&
J.
Atlanta,
Ga.,
atTreas’y.
July
1, 1883
1 Debenture certificates for dividend......................
1881
1,232,200
6
J. <& J.
dodo
1891
Atlantic APac. —1stmort. g.,W. D.(s.f.) $25,000 p.m. 566 1880 1000&C. 13,150.000
6
g.
J.
&
J.
New
York
and
Boston.
July
1,
1910
Income bds., non-cum’tive, ($18,750 p.m.)..........
1880
50 &c.
8,287,000
6
A. & O.
Oct. 1, 1910
,1st RR. & land grant bonds on Central D ivision..
99 1871 500 &c.
1,189,500
6
M.'&
N.
New
York,
Nov.
1,
1891
1st land grant bonds on Central D ivision.............
796,629
6
At Mat.
do
Nov., 1901
New 1st mort., road and lands, Central D iv........
65 1882 l,Ö0iÖ&c
312,000
6
M. & S. N. Y., St, L.&S.F. Office March 1, 1922
New income bonds, Central Division.....................
3882
50 &c.
78,000
6
J. & D.
June
1, 1922
Atlantic A St. Lawrence—Stock ($5,458,552 stg.).. 3.50
£100
5,484,000
3
M. & S. London, Gr. Trunk Rw. Mar. 15, 1883
1st mort, to City of Portland (sinking fu n d )........
787,000
6
M. & N.
Nov.
2,
1888
2d mortgage, sterling, 5-20 years........................... 15Ó 1864
£100
1,499,916
A. & O. London, Gr. Trunk Rw. Oct. 1, 1884
3d
do
do
do
......................
150 1871
£100
fil'
712,932
M. & N.
6
gdo
do
May
1,
1891
Augusta A Savannah—Stock......................................
53
100
733,700
3^2 J. & D.
Savannah.
June 4, 1883
Austin A Northwestern ('lex.)—1st mort....................
60
....
•420,000
6
Bald Eagle Valley—Gen’l mort.,(s. f. $4,000 per yr.)
80 Í880
1,000
392,000
6
J. & "j. Phila.,F.Ins.Tr.&S. Dep. Jan. 1, 1910
Baltimore A Ohio—Stock...... ■.___ ? ....... . ............... ;. 1,544 ....
100 14,792,566
5
M. & N.
Baltimore, Office.
May 16, 1883
. Preferred stock......................................... ..............« . -r-- __ _
100
5,000,000
3
J. & J. Balt., Merchants’ Bank. July, 1883
Loan due in 1880, extended.................: .................
579,500
4
J. & J.
Baltimore,
Office,
At will.
Loan, 1853................................................................. * ___ 1853
....
1,710,000
6
A. & O.
do
do
1885
do 1870 .sterling, £800,000, sink, fu n d ___
....
1870
2.602,220
6
M. & S.
London.
1895
Baltimore loan, 1855-90, sink, fund
^. . . . .
.
1855
2,603,779
6 g. J. & J.
Baltimore, Office.
1890
Sterling mortgage, sinking fund............................. 4 Ï Ï 1872
£100
8,120,878
6 g. M. & 8.
London.
Moh.
1, 1902
Sterling mortgage, sinking fund.................. ......... 421 1874
£200
8.856,650
M. & N. London, Speyer Bros.
J910
Purchase of Connellsv. RR (payable $40,000y ’ly)
1875
720,000
& J.
Baltimore,
Office.
1883-1900
Loan, stér., (s. f. £7,500) lien on Chic, line bonds . 263 1877
£200
7,744,000
5
& D. Lon.. J. S. Morgan & Co. June 1, 1927
Bonds on Parkersburg B ranch............................... 104 1879
1,000
3,000,000
6
& O. Balt. & N.Y., D. M & Co. April 1,1919
. Northwestern Virginia, 3d mortgage, 1855-85 ... ___ 1855
140,000
6
& J. Balt., Balt. & O. RR. Co. |
1885
Bonds to State of Maryland.. . . . . . . .... ...................
1878366,000
6
& J.
do
do
July 1, 1888
Sterling mortgage on Philadelphia Branch..........
£200 12,000,000
1883
& o.
4ia
London.
April 1,1933
Land sales in 1882,189,830 acres for $893,842, being an average of 2*2 miles; Snowshoe to Sugar Camp, 26*2 miles; total operated. 80
$4 71 per acre; but canceled prior sales of 86,373 acres for $472,055. miles. Opened December 7,1864, and leased to Pennsylvania Railroad
Assets Dec. 31, $1,564,092 contracts and 1,582,699 acres yet unsold. company for 99 years. The branch is the property of the lessors.
—(V. 34, p. 31,113,175, 243, 315, 457,46 1 ,4 7 4 ', 573, 707; V. 35, p. Rental, 40 per cent of gross earnings, and in 1882 was $182,805; paid
21,265, 297, 339, 373, 456, 546, 762; V. 36, p. 251, 3 9 7, 399, 4 5 1 , interest, $25,000, and dividends (9 per cent), $76,504. In July, 1883, 5
559; V, 37, p. 22, 127.)
T>oo5enti>aV^
$850,050. The general mortgage, dated Jan. 1,
- Atlanta & Charlotte Air-Line.—Dec. 31,1882, owned from Charlotte, 1880, provided for the replacement of the two series of bonds. In
N. C., to Atlanta, Ga., 269 miles. Successors of Richm. & Atl. Air-Line, January, 1881, purchased the Bellefonte & Snow Shoe road for $300,000
which was sold under foreclosure December 5, 1876, and the existing m stock and merged^with Bald Eagle Valley. (V. 32, p. 99, 396.)
corporation was formed February 27, 1877. On Maich 26, 1881, the
Baltimore A Ohio.—Mileage is as follow s: Balt, to Wheeling (main)
road was leased to the Richmond & Danville at a rental of $462,000 370 miles; Branches—To Locust Point 5, Camden cut-off 2, Junction to
per year, equal to the interest on debt and 5 per cent on stock ; if Frederick City 3, Pt. of Rocks to Washington 43. Bridges 3; total own­
gross earnings of A. & C. A. L. exceed $1,500,000, dividends to be 6 ed, 426; branches leased—Hyattsville to Shepherd, Md. 13, Winchester
per cent ; and if they exceed $2,500,000 7 per cent. The line to Harper’s Ferry 32, Winchester to Strasburg 19, Strasburg to Harri­
forms the Southwestern Division of the Piedmont Air-Line (under sonburg 49; total branches leased, 113; total B.&O. main and branches
-control o f the Richmond & Danville Railroad), extending from 539: leased, controlled and operated—Relay House to Washington 31.
Richmond, Va., t o 'Atlanta, Ga., 550 miles. Capital stock $1,700,000. Grafton to Parkersb’g, W. Va., 104, Wheeling to Washington, Pa., 32.
Total receipts in 1880, $951,688; expenses, $587,550; net, $364,137. Pittsburg to Cumberland,Md., 150, Berlin Branch RR 9, Mineral Point
In 1881 (9 months), $744,618 ; net, $180,536. Two and one half per to Johnstown 46, Weavert’n to Hagerstown, Md., 24, Harrisonburg to
cent paid on stock March, 1883. (V. 37, p. 48.)
Staunton 26, Broadford to Mt. Pleasant, Pa., 10, Connellsville to UnionAtlanta A West Point.—June 30,1883, owned from East Point, Ga., to town, Pa., 13, Bellaire to Columbus, O., 137, Sandusky to Newark, O.,
, WestPoint, Ga., 81 miles; leased, 6*2 miles ; total operated, 87*2 miles. 116, Newark, O., to Shawnee, O., 44. Chicago Junction, O., to minóla
In April, 1881, a controlling interest in the stock was purchased by W. Junction, 111;, 263; total leased, 1,065; total operated, 1,544.
M. Wadley and others for the Central Georgia, and a stock dividend of
The Baltimore & Ohio direct bonds of 1879 on Parkersburg
100 per cent was afterward declared in debenture certificates. Gross Branch are secured by deposit of mortgage on that road. The sterling
earnings in 1881-82, $430,010; net, $175,494; in 1832-83, gross, $406,- mortgage of 1883 is made to William F. Burns, John Gregg and T. Har­
192; net, $154,810. (V. 33, p. 2 2 4 ; V. 35, p. 1 6 0 ; V. 37. p. 127.)
rison Garrett, trastees. The issue of bonds is for the purpose of con­
Atlantic A Pacific.—{ See M a p , P a g e x v i i . ) The Western divisionis structing a lateral road from a point on its main line from mear Balti­
from near Albuquerque, bn Atchison Top. & Santa Fe to Big Colorado more City to a point on the northern boundary of Cecil County, Md., to
River, 571 miles, where it meets the Southern Pacific. Also the Central 'be known as the Philadelphia branch of the Balt. & Ohio RR. It will
Div. finished from Seneca, Mo., to Tulsa in the Indian Ter’y, 100 miles, connect with the Baltimore & Philadelphia Railroad now being built
and in progress westward to a junction with the Western Division. The through the State of Delaware, by way of Wilmington, and through the
Atchison Topeka & Santa Fe and the St. Louis & San Francisco State of Pennsylvania to Philadelphia.
An abstract of the last annual report is given in the Ch ronicle , Vol.
companies guarantee 25 per cent of the gross earnings over their
respective lines on business to and from this road, one year after its 35, p, 600, and contains the following remarks: “ It is shown by the
completion, provided its own earnings are insufficient to pay coupons, report of the Transportation Department that the tonnage of through
and the advances so made constitute a loan to be repaid by the A. & P. merchandise east and west has been 2,043,227 tons, whilst in the pre­
with interest. The stock authorized is $100,000,000, and issued $51,- ceding year it was 2,014,110 tons, and 1,980,397 tons in 1880, and 1,425,510,000, mostly owned by the Atchison Topeka & Santa Fe and the 629 tons in 1879.607,038 barrels of flour and 8,343,240 bushels of grain
Bt. Louis & San Francisco companies equally, and held in trust for were brought to Baltimore during the fiscal year. Of this aggregate of
those two companies. In June, 1883, a syndicate took $10,000,000 at grain 6,586,814 bushels were of wheat and 591,719 bushels were of
15, with an option on $10,000,000 more at 20. The stock is classed corn. The large f alliqg off in the transportation of grain as compared with
the preceding year arose from the general deficiency in the crops of
thus:'Western Div., common stock, $31,750,000; Cent, and Mo. divs
.common stock, $3,360,300, pref., $11,400,000. The old preferred stock the country, and from the operations of speculators, whieh caused the
prices
to advance to such figures as largely reduced the exports from
has no preferehee over the A. & P. Western Division stock. See state­
the United States to Great Britain, France, Germany, Belgium, the
ment in V. 36, p. 588.
Netherlands,
&c., and caused all countries consuming grain to seek it
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 elsewhere.
“
The
coal
trade
of the Main Stem shows an aggregate of 2,521,226
ings on through business to and from the Atlantic & Pacific fine, which
, is to be applied to the payment of interest on the Atlantic & Pacific bonds, tons, which includes 386,626 tons for the company’s supply. The ag­
gregate
of
coal
and
coke transported, including all divisions, was 5,
the same as the 25 per cent from the At. Top. & S. Fe and the St. Louis
& San Fran, companies. The land grant claimed under the old Atlantic 647.016 tons, showing an increase for the year of 1.107,389 tons.” The
& Pacific charter of July, 1866, is 25,600 acres per mile in Territories profit and loss account showed an increase for the year of $1.648,978,
and 12,800 acres in States. The total land grant on the whole road, if against $1,697.038 in 1880-81. It will be seen by this account that the
constructed as under thè charter, would be 42,000,000 acres. The pro­ nominal surplus fund, which represents invested capital derived from
ceeds of sales of the company’s lands are to be lodged with the trustee net earnings, and which is not represented by either stock or bonds,
under the mortgage, and are applicable to the purchase and cancella­ amounts to $13,907,658.
The gross and net earnings of the main stem and its branches and of
tion of the first mortgage bonds whenever they can be obtained by
public advertisement at not exceeding 110 and interest. The bonds the other divisions, for the last fiscal year, as compared with 1880-81,
were
as follow s:
are not subject, otherwise, to be drawn or paid before maturity. They
,— Earnings, 1881-82— * ,— Earnings, 1880-81.—,
are receivable at par in payment for lands. A map of the land grant
was published in the Chronicle, V. 36, p. 468. The annual report for
1882 was published at some length in the Chronicle, V. 36, p. 588, Main Stem, <fcc............. $10,556.570 $4,572,944 $11,122,259'$4,846,615
354,356
221,254
353,570
193.533
giving details of the balance sheet and the history of the financial Washington Branch...
624,665
108,071
712,158
72,422
arrangements of the company. Officers of the company : H. C. Nutt, Parkersburg Branch ..
Central
Ohio
Division.
987,402
314,932
1,006,025
228,267
President, Boston; E. F. Winslow, Vice-President, New Y ork; C. S.
940,769
234,701
899,791
112,373
Tuckerman, Secretary and Treasurer, Boston. (V. 34, p. 60.113,175 Lake Erie D ivision___
ivision........
1,692,007
446,407
1,638,661
453,069
263,488, 573,707; V. 35, p. 50, 51, 235, 320, 430 431, 603, 736’ Chicago DDivision.
. . . . 2,979,789 1,542,125
2,500,548 1,124.473
737; V. 36, p. 18, 55, 107, 139, 339, 468,526, 559, 5 8 8 , 651, 674, 707 Pittsburg
Wheeling
Pittsb.
&
B
..
59,380
1,150
53,557
1,094
731 ; V. 37, p, 22,151.)
188,937
Newark S. & S. R R ___
13,078
177,304
41,548
Atlantic A St. Lawrence.—June 30,1882, owned from Portland, Me., to
Jsland Pond, ,Vt. (and branch), 151 miles, there connecting with Grand
T o t a l................... $18,383.875 $7,454.662 $18,463,877 $7,073,398
.Trunk of Canada, to which leased for 999 years, August 5.1853, at
The aggregate working expenses of the Main Stem, with all branches
a rental equal to bond interest and 6 per cent on stock. The bonds and divisions, were 59‘44 per cent of the whole gross revenue, being
to City of Portland are now provided for by accummuiations of sinking 2*25 per cent less than the preceding year.
fund. Gross earnings in 1881-82, $957,659; net, $119,843.
Dividends for 5 years, 1872-77,10 per cent; for 1877-78, 7*2 per cent;
Augusta A Savannah.—Sept. 1,1882, owned from Millen to Augusta, for 1878-79, 8 per cent; for 1879-80,9 per cent; since 1880, 10 per
Ga., 53 miles. Chartered as Burke County in 1838 and opened in 1854. cent. The three dividends from May, 1878, to May, 1879, inclusive,
Beased to Central of Georgia for $73,000 per annum. Has no bonded were paid in stock. Results of operating all lines owned and controlled
debt. The capital ($733,700) represents its cost. Dividends of 3 *2 per for the five years 1877-82 :
5 Gross Earnings.
Operating Expenses.
Net Earnings.
cent are paid June and Dec. each year. Has a considerable surplus fund. Years.
78. $13,765,279
$7,769,301=56-44 p. c.
$5,995,978
Austin^ A Northwestern.—Line of road, Austin, Tex., to Burnet, Tex. 1877-7 9 . . ..
. . . . 14,193.980
7,691,595=54-18 “
6,502,385
60 miles. Opened Jan. 1,1882. Has a land grant of 600,000 acres. 1878187980...
18,317,740
10,330,770=56-39
“
7,986.970
Stock, $600,000.
1880- 8 1 .......... 18,463,877
31,390,479=61-69 “
7.073.398
Bald Eagle Valley—December 30,1882, owned from Vail Station, Pa., 18818 2 :... 18,383.875
10,929,213=59-44 “
7,454,662
to Lockhaven, Pa., 51 miles ; branch, Milesburg, Pa., to Bellefonte, Pa., —(V. 34, p. 1, 60, 116; V. 35, p. 130,430, 589, 6 9 0 , 603; V. 36. p. 426.)




xv n
BON DS.
AND
STOCKS
’ R A IL R O A D
18S3.] “
au gu st,




xv m

K A IL K O A D

STOCKS

AND

BON DS,

[Y ol. X X X V II.

Snbscrltocrs w ill confer a great favor toy g iv in g Im m ediate notice o f any error discovered in tbese Tables.
DESCRIPTION
Bonds—Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
For explanation of column headings, &c., see notes of
of
Par
Rate
per
When
Where
Payable,
and
by
Stocks—Last
on first page of tables.
Road. Bonds Value. Outstanding
Whom.
iCent.
d j Payable
" W ----Dividend.
Baltimore A Potomac—1st M (tunnel) gold, s. f. 1 p. c.
1*2 1871 $ 1,000 $1,500,000
&
J
Balt or London or N.Y, July 1, 1911
6
g.
1st mort., road, gold, coupon, s. f. 1 per ceut
89 1871
1,000
3.000.
000
& O Phila., Penn. RR. Co. April 1, 1911
2d mortgage, income, road and tunnel, reg.. 111!
90 1875
1,000
2.000.
000 «*•
&J
Bairimore.
Jan. 1. 1915
Belleville A El Dorado—Is t(in t guar. St.L.A.& T.H )
52 1880
220,000
7
&
J. N, Y. St. L A. &T. H. July, 1, 1910
- 2d mortgage...............................................
52 1880
330.000
6
F. & A.
do
do
Aug.
1, 1920
BellevilleA South. I l l —1stM. (int. & s!f. guar.).......
56 1866
1,000
1.053.000
A. & O, N. Y., 37 Wall street.
8
Oct. 1, 1896
Belvidere Del.—1st mort. due 1877, extended, guar.
64 1877
1,000
1,000,000
6
& D. Philadelphia, Pa. RR.
1902
2d mortgage bonds of 1854 (guar, by C. & A .).......
64 1854
500
499.500
6
M. & 8.
Philadelphia.
1885
3d mortgage bonds of 1857 (
do
do ) .......
64 1857
500
745.000
6
F. & A. Philadelphia, Pa. RR.
1887
Consol, mortgage of 1876..................................... .
67 1876
1,000
1.200.000
7
J.
&
J.
Treasurer,
Trenton, N.J. Jan. 1, 1916
Bennington A Rutland—1st mortgage...................
59 1877
1,000
475.000
7
M.
&
N.
N.Y.,
Union
Trust
Co.
Nov.
1, 1907
Berkshire—Stock....................... ............................ .
22
100
600.000
1\
Q.—J. Stockbridge, Treasurer. July 2, 1883
Boston A Albany—Stock............. ................. . . ! . ! ! ! ! !
373
100 20 ,000,000
2
Q
.-J
.
Boston,
Office,
June
30,
1883
Plain bonds, coupon or registered.. ! . . .11!!! !! ! 11!
1872
1,000
5.000.
000 7
F. & A.
do
Feb. 1, 1892
Doan of 1875, coupon or registered'............ .
1875,
1,000
2.000. 000
6
J.
&
J.
do
July
1.
.1895
Bonds issued to State for its stock.......... ...............
1882
3,858.0c0
5
A. & O.
do
April 1, 1902
Boston Barre A Qardner.—1st & 2d mortgages . . . . . 38ifl
lob & o.
554.000
5
A. & O. Worcester, City Nat. Bk. April 1. 1893
3d mortgage (convertible into stock)................
1881
100.000
6
J.
& J.
do
do
1895
Boston Concord A Montreal—Old preferred stock... Ï67
Too
800,000
8
ÌU. & N.
Boston, Office.
Mayl5, 1883
Com. and new pf. stock (new pf. stock is $540,400)
100
1, 000,000
Sinking fund bonds...................... ...........................
1858 100 &c.
624.000
*6* J. & *J.
Boston, Office,
1889
Consolidated mortgage bonds (for $2,000,000).!.. 160 1873 200 &c.
1,932,400 6 & 7 A. & O.
do
do
1893
Improvement mortgage bonds,.....................
166 1881
1, 000:
500.000
6
J.
<
fc
J.
do
do
1911
Bost.Hoosac Tun.A West.—1st M.,gTd ($25,000 p.m.)
1881
1,000
(1 )
6 g.
New York and London.
1911
Boston A LowellrSbooK. . . . . . . . . . . , ........ .............
87
500
3.792.000
2ia J. & J.
Boston, at Office,
July 2, 1888
Bonds........................... .•....................11111111111*11*
1872
999.500
7
A. & O.
do
do
April
1, 1892
Bonds........................................!..111111111!111!Ill
1875
500.000
7
M. & S. : .
do
do
March 1,1895
B b n d s ..,. .......................11111.1111’ *11........
1876
750.000
6
J. & j .
do
do
July
1,
1896
B o n d s ............................. ; ......... . . I ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !
1879
620.000
5
J. & J.
do
do
July 1, 1899
Lowell & Lawr., bonds ........... .................
200,000
6
A.
&
O.
do
do
O
ot
1,
1897
Salem.& Lowell, b o n d s,......................................11!
226,900
6
A. & O.
do
do
Oct. 1, 1898
Boston A Maine—Stock.....................
..111! 203
100
7,000,000
4
M. & N.
Boston, at Office,
May 1 5 ,1&83
Bonds, coupon and registered......... ......1 1 1 .!!!!!
1873-4 500 &c.
3;500,000
7
J.
&
J.
do
-,
do
Jan.,1893
&94
Boston A N. T. Air-Line—Stock, pref. (guaranteed)
54
100
2.970.000
2
A,
&
O.
N,Y.,
N.Y.N
.H
.&H
.Co.
April
1, 1883
1st mortgage......................................................
50 1880
1,000
500.000
F. & A.
5
do
do
Baltimore A Potomac—Dee.31, 1882, owned from Baltimore. Md., to
Bowie, Md., 24 miles; Bowie to Pope’s Creek, 49 m ies; branch—-Bowie
to Washington, D. 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 bbnds guaranteed by Pennsyl­
vania and Northern Central. Capital stock, $3,553,250, Gross earnings
in ,
*9(16,432; expenses. $840,923; profits,- $125,508; inter­
est, $272,318; deficit, $146,809. In 1882 gross earnings, $1,097,008
net, $306.286; interest. &c.. $^72,452; profit, $33,833. Income bonds
wholly held by Penn. RR. Co.
Belleville & El Dorado.—An extension of Belleville & Southern Illinois
from Du Quoin to El Dorado, 52 miles, and leased to St. Louis Alton &
• Terre Haute. Rental 30 per cent of gross ud to $2,500 per mile, and
15 per cent on all above that amount. Rental received for 1881.
$14,640; 1882, $22,206. Stock, $1,009,<»00.
Belleville & Southern Illinois.—Dec. 31,188?, owned from' Belleville,
P lg o 0 Duquom, 111., 56 miles. Chartered Feb. 15,1857; opened Dec. 15.
1873, and leased Oct. 1.1866, to St. L. Alton & Terre Haute Railroad Co.
Lease 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, and
Pe* cent on any excess of $14,000 per mile. Rental for 1880,
$3.47,344; tor 1881, $146 662; fpr 1882, $167,990. Interest on bonds
and smklng fund $5,000 per year, guaranteed by lessees. Common
«took. $430,000; preferred 8 percent stock, $1,275,000, non-oumulative
Dividends on preferred stock have been: 33t May, 1883: 51« in 1882 •
4 ^ in 1881; 4*2 in 1880; $1 05 in 1879; 62c. in 1878;68c. in 1877;65c
m l 8 .6 ; $ 1 8 0 in 1875; $1 in 1873. Operated in connection with the
£®lleyiye Branch of St. Louis Alton & Terre Haute Railroad, and Belle­
ville & E l Dorado Railrord.
^BelvidereDelaware.—Deo. 31, 1882, owned from Trenton, N. J.. to
Manunka Chunk, N. J., 67 miles; Miliham Cut-off, 1 mile, Flemington
Railroad, 12 miles; total operated, 80 miles. Chartered March 2,1853.
and opened Nov. 3,1865. Leased to United Companies, and transferred
to Pennsylvania Railroad March 7, 1876, by whioh operated as their
Belvidere Division, and net earnings paid over as rental; but the first.
*®c<>ud and third bonds are guaranteed. In 1881 net earnings were
$479,06/, and interest payments $261,050. In 1882, net $506,455interest, $263,022. Capital stock, $994,000.

The annual report for 1882-3 said: “ Were it not for the aooidents
whioh we were so unfortunate as to suffer at the co nmencem iut o f the
year, our running expanses would have been considerably less* and our
net earnings would, without doubt, have shown a material increase
over those of the preceding year.”
Of the sinking fuuds due in 1899, there are outstanding in the hands
2£R£b™,partli^ ’,$ i02’000’ on whioh interest is paid, the trustees holding
“ ,
at}d tile corporation holding $116,000 on which no interest is
paid. Fiscal year ends Maroh 31.
The e irnings, expenses and available revenue for four years has been
as follow s:
Gross
Expenses,
Available
Years.
Miles.
Earnings.
Taxes, &o.
Revenue.
1879-80.......... .
$678,123
$177,251
$200,871
1880-81........... ......
167
797,556
586,172
211.383
1 8 8 1 -8 2 ........ ......
167
902,906
669,157
233,746
1882-83.......... ......
167
920,195
697,651
222,544
The old preferred stock ($800,000) has received 3 per cent semi-annually,
amounting to $48,000 a year. Neither the new preferred nor the oommon stock has received dividends. (V. 33, p. 384; V. 34, p. 6 3 6 : V. 36.
p. 5 6 0 ,6 2 2 ,6 7 5 .)
'
*
Boston Hoosac Tunnel A Western.—Deo. 31, 1882, owned from Massa­
chusetts State Line to Hoffman’s Ferry, N.Y., 62 miles, and Saratoga to
gchuylerville Junction, N.Y., 26 m iles; total, 88 miles. Protected line,
Hoosac Tunnel, Mass., to Buffalo, N. Y. The Continental Construction
Co. stopped work. Suits were begun by opposing interests, and the
Attorney-General of New York State began a suit to annul the charter.
In March, 1883, all property ana rights west of Hoffman’s Ferry (10
miles west of Schenectady) were reported as sold to the N .Y . West
Shore & Buffalo for $400,000 cash and $700,000 stook of the N. Y. W.
8. & B. In 1882 gross earnings $837,626; deficit, $11,002. (V. 35, p.
21, 51, 211, 265, 393 ; V. 36, p. 29, 80, 284; V. 37, p. 151.)
Boston A Lowell.—Sept. 30,1882, owned from Boston to Lowell (double
and steel), 27 miles; branches—Salem <fc Lowell, 17 miles; Lowell <fe
Lawrence, 12 miles; others, 19 miles; leased, Middlesex Central and
branoh, 12 miles; total operated, 87 miles. Chartered in 1830, and line
between Boston & Lowell opened in 1835. The Lowell & Lawrence
and Salem & Lowell railroads, operated for some years under lease,
were purchased and consolidated in 1879. the Boston & Lowell
assuming their bonds, which cannot be paid off before maturity. A joint
business was formerly done between the Boston & Lowell and the
Nashua as Lowell, but from December, 1878, they were under separate
managements until the B. & Lowell leased the N. & L. for 99 years from
Oot. 1,1880; but the lease was held invalid and a joint arrangement was
m ade..
Gross
Net
-PaymentsReoeipts.
Years.
Receipts.
Rentals. Int. &misc. Div.,p.e
. $1,198.962
1878- 79
$392,580
$67,598
$161,890
3
. 1,399,3 L6
1879- 80
422.698
4,292
259,318
4
1880- 81
. 1.872,656
584,269
133,690
298,057
4
1881-82 . . 2,085,622
675,345
154,808
345,105
41*
225 254, 357; V. 34, p. 8 5 , 315, 520; V. 35, p. 160.)
(V. 33,

Bennington A Rutland.—December 31, 1882, owned from Rutland
to Bennington, Vt., 57 miles; branch, North Bennington to New
Yca-k State Line, 2 miles; total, 59 miles. Chartered as Western
Vermont m 1845. and oompleted in 1852. Consolidated in Harlem
extension in 1870. Since September 10, 1877, the Vermont division
i as
b/ , the reorganized Bennington & Rutland. Stock
(Par $ 50). and $502,000 issued, and bonds $475 000. In 1881 gross earnings $212,734; net $49,576; in 1882 «rross
$222,963; net, $74,453. 3 per cent paid Jan. 12, 1883.
S
Bertohire.—Sept. 30, 1882, owned from Connecticut State Line to
West St-ockbndge, Mass., 22 miles. Leased in perpetuity to Housatonic
Railroad Company at 7 per oent on capital stook, $600,000. Lessors
pay taxes, &o., and for this reason the quarterly dividend due in October
is usually omitted.
Boston A Albany.—Sept. 30, 1882, owned from Boston, Mass., to
Albany, N .Y ., 202 miles; Springfield to Athol, 48 miles; numerous
brapeh^, 48 miles; leased lines, 74 miles; total operated, 369 miles
The B. & A. was formed (Deo., 1867) by the consolidation of the Boat
Boston A Maine—Sept. 30,1882, owned from Boston, Mass., to Portland,
& Worcester and the Western railroads. The five per cent bonds of 1882
were issued to the State of Massachusetts in exchange for 24 115 shares Me., 115 miles ; branches, 11 miles ; leased—Wakefield to Danvers, 10
©f B. & A. stock held by the State. In 1881 and 1882 the loss in reoeipts miles; Lowell to Ballardrtlle, 10 miles: Bradford to Newburyport and
was partly owing to the fierce competition between the trunk lines for Danvers, 27 miles; West Amesbury to Newton, Mass., 4 miles; Dover,
business between the seaboard and the West, which reduced the rate on N. H., to Alton Bay, N. H., 29 miles ; total operated, 206 miles; less 3
traffic to a very lo w point. The last annual report was in V. 35 miles leased. In March, 1883, voted to lease the Eastern RR. of Massa­
chusetts on terms as stated briefly under Eastern ; the lease will prob­
p. 637. Results of operations for nve years were as follows :
ably be consummated after legislation has been obtained. The last
Passenger Freight (ton)
Gross
Net
Dlv. nnual report was in V. 35, p. 636 ; earnings, &o., were as follows:
Years. Miles.
Mileage.
Mileage.
Receipts. Receipts.* p. ot
Gross
Expenses
Net
Outside A v’il’ble Div
1877- 8 .. 322 $101,221,955 $329,708,573 $6,633,534 $2,219 536
81 Years.
Earnings.
& Taxes. Earnings. Reoeipts. Revenue, p.e
1878- 9 .. 324 101.248,321 325,484,799 6,427,463
2 7031638 8
1870-80.373 113,154,374 375,452,804 7,741,118
2 492 618 8
1877- 7 8 .... $2 100,741 $1,359,367 $741,317 $83,717 $825,091 6
18801 .. 373135,421.102 417,108,612 7,875,285
2,186,873 8
1878- 7 9 .... 2,149,857 1,354,755 795,102
88,964 884,066 e
1879- 8 0 .... 2.438,270 1,511,018 927,252
18812.. 369151,255,032 347,317,338 7,790,372
2,189|381 8
94,382 1,021,634 7%
1880- 8 1 .... 2.601,215 1,749,856 851,359
86,300 937,659 8
* Net receipts inolnde income from rents, &c.
18818 2 .... 2,768,326
1,929,854838,472 82,404 920,876 8
—(V. 33. p.224, 467. 5 6 1 ,7 1 4 ; V. 34, p, 488; V, 35, p. 235, 5 1 5 ,6 3 7 .)
Boston Barre A Gardner.—Sept. 30, 1882, owned from Worcester to —(V.33, p 6 4 1 ; V. 35, p. 21, 574, 6 3 6 ; V. 36, p. 311, 365, 675.)
winchendon, Mass., 37 miles. Interest has been reduced to 5 t>er
Boston A New York Air-Line.—Sept. 30,1882, owned from New Haven,
cent. Gross receipts in 18 0-81, $174,688 ; net, $18,377. In 1881-2
gross receipts, $: 87,289; net, $ 18,896. (V. 33, p. 200.)
’ Conn., to Willimantio, Conn., 50 miles; leased Turnerville to Colchester,
4 miles ; total operated, 54 miles. Formerly the New Haven MiddleBoston Ooncord A Montreal.—March 30,1883, owned from Concord town & Willimantio. In 1879 a pooling agreement (for 99 years and 8
N. H., tc Wells River, N. H., 94 miles; branohes—Wells River, N. H. to months from Feb. 1,1879) was made with the N. Y. New Haven & Hart­
Groveton Junction, 51 miles; Wing Road to Mt. Washington, 22 miles • ford RR, but a lease was made in O ot. 1882, to the N. Y. N. H. & 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. Ou the road, the
« ■Washington Branch (20 miles) in 1874. An extension of the White
ross earnings were $305,111 in the year ending Sept. 30,1882, and net
J Railroad from Littleton to Groveton Junction is mortgaged.
172,154. (V. 35, p, 21, 78, 297, 320, 371, 404, 4 55,637; Y. 36, p
Ot the sinking fund bonds of 1889, only $202,009 are held by outsiders. 453.).




f

Auor BT, 1883.].

R A IL R O A D

STO CK S

AND

BON DS.

XIX

Subscribers w ill confer a great favor by g iv in g im m ediate notice o f-a n y error discovered in these Tables.
Bonds —Princi­
INTEREST OR DIVIDENDS.
DESCRIPTION.
Due.
Miles Date Size, or
Amount Rate per When Where Payable, and by pal,When
of
Par Outstanding
Stocks—Last
For explanation of column headings, &o., see notes of
Cent. Payable
Road. Bonds Value.
Whom.
Dividend.
PS
on first page of tables.
68
Loston <6 Providence—Stoch........................
Bonds to purchase branches, coupon or registered
41
"Bradford Bordell <£• Kinzua—1st mortgage.............
54
Bradford Eldred <6 Cuba—1st m ort..........................
Brooklyn Elevated—lex mort., gold................------Receivers’ certiflc’s, payaole m cash or 1st M. bds,
Brooklyn <6 Montauk—Stock ($1,100,000 is pref.) ..
54
South Side, 1st m ortgage..........................--- ----85
New mort. ($1,000,000), guar, by L. I. RR., gold.
Brunswick <6 Western—1st mortg. (for $3,500,000). 171
26
Buff.Brad.t6 Pitts.—Gen.M.,(inol. 10,000 ao. I’d )....
142
Buffalo New York <6 Erie—Stook................. — . . . . .
First mortgage..................... ...................................... 140
Buffalo N. T. <6 Philadelphia—Stock, common.......
Stock, preferred. . . . — ...........................................
1st mortgage, gold................................................... 121
2d mortgage......................................... ..................... 121
Consol, 1st mortgage, gold....................................... 205
Trust mort., gold (secured by collaterals).............
Buff. Pitts. & W., M. bds (for $7,500,000 coup.). . . . 274
50
do
1st mort. (W. <&F. R R .)...............
do
1st M.(Oil Cr. RR.) renew’d, ’82..
38
25
do
1st mort. (Un. & Titusv. RR.)---do
2d mortgage (Pitts. T. & B .)....... 120
do
Oil City& Chic.,1st M., gold, guar
61
67
Buffalo <6 Southwestern.—Stock (one-half of it pref.)
67
1st mortgage bonds, g o ld ........................................
f45
Burh ngton 0. Rapids <6Northern—Stock..............
369
1st m ortgage.............................................................
73
Iow a City & Western, 1st mortgage, gold, guar..
55
Cedar Rap. I. Falls & N. W., 1st mort., gold, guar,
do
do
1st M. (2d on 55 m.), guar. 182
California <6Nevada—1st mort. (for $5,000,000)...
114
California Pacific—1st mortgage, gold. ........ —
2d mortgage, endorsed by Central Pacific............ 114
Rd mort., sniar. bv C. P. ($1.000.000 are 3 p. c.) . 114

1873
1882
1881
1879
1881
1867
1881
1883
1876

$100
1,000
1,000
1,000

Too

500 &c.
1,000
50Ö&C.
1,000
100
1,000

1871 500 &o.
1878 500 &o.
1,000
1881
1882
1,000
1,000
1881
1,000
1865
1,000
1862
1870 500 &c.
1876 100 &o.
1882
1,000
1877
1876
1879
1880
1881
1881
1867
1871
1875

1,000
100
100 &c.
1,000
1,C00
1,000
1,000
1,000
1,000
500

Boston <6Providence.—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, 68 miles. Chartered
in 1831, and road opened in 1835. The company have valuable depot
properties in Boston. (Annual report in Ch ronicle , V. JJ5. jl 544.)
Gross
. Net Traffic
Divi­
dends.
Years.
Earnings.
Earnings.
8
1879-80.......................
$1,304,520
$355,748
8
1,419,313
395,403
.1880-81.......
8
1881-82........................................... 1,584,839
352,330
Notes outstanding September, 1882, £360,000, due in 1882-3-4-6. (V.
33, p. 5 6 1 ; Y. 35, p. 544.)
Bradford Borckll <6 Kinzua (3-foot gauge)—Dec. 31, 1882, mileage
from Bradford, Pa., to Simpson, Pa., 15 miles; Kinzua Junction to Bordell, 3 miles; Rew City to Eldred, 12 miles; Simpson to Smethport, n
m iles; total, 41 miles. Stock is $t 00,000. par of shares, $100. Gross
earnings in 1882, $96,133; net, $18,445. John J. Carter, Titusville, Pa.,
Bradford Eldred <6 Cuter.—Sept. 30,1882, owned from Eldred, Pa.,
to Bolivar and Wellsville, N. Y., and branch to Richburg, and Cuba
to Little Genesee, 54 miles. Stock, $480,000. Gross earnings in 188182, $153,0 4 f; net, $66,728. R. G. Taj lor, President. There are also 2d
.mortg. bonds for $60,000, 6s, due 1885. V. 35, p. 706.
Brooklyn Elevated.—la. 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 $1,069,000 1st mort. bonds and $217,700 bond
scrip; $1,852,880 engravedstook and $1,497,683 scrip stock. All were
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 $4,000,090 authorized. There
was some failure in the plan, and in July, 1882, a new agreement was
entered into. See V. 35, p. 102. (V. 33, p. 441; V. 34, p. 203, 290; V.
35, p. 102.)
Brooklyn <6Montauk—(Southern ol L. I.)—Brooklyn to Eastport, L. I.,
67 miles; branches to Fresh Pond Junction, 2 miles; to Rockaway, 9
miles; total, 78 miles. This was first the South Side Railroad of Long
Island, which was foreclosed Sept. 16, 1874, and reorganized as the
Southern of Long Island. On June 3,1879, the property was again sold
in foreclosure of the second mortgage, and this company organized.
The preferred stock has a preference 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 bad 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 to 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 <6 Western.—Owns from Brunswick to Albany, 171 miles,
and 83 miles projected to Columbus, Ga. This was formerly the Bruns­
wick & Albany, and the present company has $3,50o,000 pref. stock,
and $1,500,000 common. Mr. Fred. Woltfe in New York and a syndi­
cate in Frankfort have taken most of the securities. An extension of
63 miles, Albany to Chattanooga River,is proposed,on w hich$l,500,000
bonds will be issued. Gross earnings in 1882, $299,474; net, $84,562.
Buffalo Bradford <6Pittsburg.—Sept. 30,1882, owned from Carrollton,
N. Y. to Gilesville, Pa., 26 miles. Completed in 1866, and leased to New
York Lake Erie & Western for 499 years. Rental, 7 per cent on out­
standing bonds, $40,600 a year. Capital stock, $2,286,400.
Buffalo New York <6Erie.—Sept. 30,1882, owned from Buffalo, N. Y „
to Coming, N. Y., 142 miles. A third rail for standard gauge rolling
stock has been laid down. Leased in 1863 to the New York & Erie for
4Ó0 years, and now operated by the New York Lake Erie & Western
Co. Rental, $238,100—-viz.,'7 per centón 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 <6Philadelphia.—A consolidation in February, 1883,
of the Buffalo N. Y. & Philadelphia, the Buffalo Pittsburg & Western
and Oil City & Chicago. Mileage as follow s: Buffalo to Emporium, 121
miles; Bradford to Richburg, 39 miles; Olean to Bradford, 23 miles;
Larrabee to Clermont, 22 m iles; Rochester to Olean, 106 miles; Brad­
ford to Kinzua, 28 miles; Buffalo to Oil City, 139 miles; Oil City to
Salamanca, 97 miles; New Castle to Stoneboro, 36 miles; Titusville to
Union City. 25 miles; Nunda to Swain’s, 9 miles; branches to coal
mines, 12 m iles; total, 657 miles. The consol, mort. is for $11,000,000,
of which $4,000,000 is reserved for prior liens, and it covers 205 miles
of new road and the old 121 miles, arid 16,000 acres of coal lands
owned by the Buffalo Coal Co. In Oc tober, 1882, the trust bonds were
issued secured by $500,000 first mortgage bonds of the Rochesl er Ter­
minal Co. and $700,000 of the first mortgage bonds of the Olean &
Salamanca RR.—both to be leased to the Buffalo N. Y. & Phila. RR. Co.
at a fixed cental. Bee Chronicle of Oct. 28, ¡882, p. 478 and ad­
vertisement In recommending the consolidation, the annual report of
the Buffalo Pi tsburg & Western for 1882 said: “ Your board recommend
that ihis agree nent be ratified by the stockholders of the Buffalo Pitts­




$4,000,000
500,000
390,000
500,000
1,150,723
1,456,000
2,000,000
750,000
250,000
2,000,000
580,000
950,000
2,380,000
13,000,000
6,000,000
3,000,000
1,000,000
7,000,000
1,200,000
4,003,000
1,500.000
573,000
500,000
924,000
1,600,000
943,800
1.500.000
5.500.000
6,500,000
584,000
825,000
1,905,000
É)
2,250,000
1,600,000
3.000,000

4
7
6
6
6 g.

M. & N.
Boston, at Office.
J. & J.
do
do
J. & D. N. Y., Marine Nat. Bk.
J. & J.
New York.
M. & S.
New York.

May 1,
July 1,
Juñe 1,
Jan. 1,
Sept. 1,

1883
1893
1932
1932_
1917

7
6 g.
6
7
3ifl
7

M. & 8. N.Y., Corbin Bank’g Co.
M. & 8.
do
do
J. & J. N.Y. Office, 35 Wm. 8t.
J. <& J. New York, Erie Office.
J. & D. N. Y., Erie Railway.
J. & D.
do
do

Mar.
Mar.
Jan.
Jan.
June
Deo.

1887
1911
1913
1896
1883
1916

II3
6 g.
7 g.
6 g.
6 g.
6 g7
6
7
7
6 g.

Q .-M .
J. & J.
Q .-M .
J. & J.
M. & N.
A. & O.
F. & A.
A. & O.
J. & J.
F. & A.
J. & J.

1,
1,
1,
1,
1,
1,

June 25,1883
N.Y.,Farm’s’ L.& Tr.Co. July 1, 1896
Buffalo, F.& M. Nat. Bk. Deo. 1, 1908
N. Y., U. S. Trust Co. July 1, 1921
1923
N.Y. ,Farm’rs’T•.&Tr. Co. April 1, 1921
Phila., E. W.Clarke & Co. Feb. 1, 1896
Phila., Co.’s Office.
Apr. 1, 1912
Phila., E. W. Clarke & Co.! July 1, 1890
Phila., Manurr8, N. Bk. Feb. 1, 1896
Philadelphia.
1922
Jan., 1883
T.
<
&
D.
N.
Y.,
First
Nat.
Bank.
July
1, 1908
6 S’
J. &D. N. Y.. Central Trust Co. June 1. 1906
5
do
do
Sept. 1, 1909
7 g. M. & 8.
A. & O.
do
do
6
Oct. 1, 1920
do
do
5
A. & O.
Oct. 1. 1921
New York.
6
J. & J.
1911
7 g. J. & J. N.Y.,Eugene Kelly & Co Jan. 1, 1887
N.
Y.,
Nat’l
Park
BanK.
Jan.
1, 1891
J.
&
J.
6 g.
3 & 6 J. & J. N. Y., Cent. Pacific RR. July, 1905?

burg & Western Railroad Co., because it will prevent competition in the
largest item of freight transported by either company—bituminous coal.
In 1881, when the two systems were in competition, the Buffalo Pittsb.
Western RR. Co. carried about 35 per cént of the total coal tonnage.
In 1882, when the two systems were under the same management, the
tonnage was equally divided ; and while the total tonnage increased 20
percent in 1882. 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; Y. 34, p. 263, 290; V. 35, p. 478
V. 36, p. 55,169,195, 251, 479, 559.)
Buffalo <6 Southwestern.—Sept. 30,1882, owned from Buffalo to James­
town, N. Y., é7; miless. Formerly the Buffalo & Jamestown ; reorganized
in 1877 after foreclosure. In July, 1880, leased to New York Labe
Erie & Western for 99 vears—at 35 per cent of gross earnings, but
interest on bonds guaranteed. First dividend Jan., 1883. (V. 33, p.
687; V. 34, p. 133 ; Y- 35, p. 705.)
Burlington Cedar Rapids <6 Northern.—"Deo. 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, là., 48 miles; Elmira,
la., to Montezuma, 83 miles; Clinton to Noel, 24 miles; leased, Holland
to Worthington, M inn, 182 m. : total operated, 713 m. Organized as the
Burlington Cedar Rapids & Minn., June 30, 1868* and main line opened
to Plymouth 219 miles, and branches, 149 miles, to end o f Sept., 1873.
Defaulted Nov. 1,1873. Property-sold under foreélosure June 22,1876,
and given up to the purchasers July 1,1876. Bonds of the Cedar Rapids
Iowa Falls & Northwestern road are endorsed (on the bonds) ; the 6 per
cent bonds are 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. &
St. Louis bonds. The annual report for 1882 as published in the Chron ­
icle , 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 thé company to the close of the present fiscal year amounts in the
aggregate to $1,743.121. While the stockholders, for reasons stated,
have not received dividends upon their stock, the surplus earnings thus
expended have provided for them a railway with equipment equal to
other first-class lines in Iowa.”
INCOME ACCOUNT.

1882.
$917,001
78,057

Receipts—
Net earnings..................... .................
Other receip ts........... ...........................

1881.
$632,188
59,190

Total income................................. , .........
Disbursements—
Interest on debt........... ........................
Construction and improvement............
Equipment...............................................
Other expenditures................................

$691,376

$995,058

$424,562
198,270
280,459
13,583

$484,624
71,965
368,502
22,396

Total disbursements.................................
$916,874
$947,487
■ Balance.......................... ................. .......... def-. $225,498 sur. $47,571
—(\ .3 4 ,p. 5 7 2 ; V .35,p. 133,374,457,706; V. 36, p. 453, 4 7 7 , 559.)
California <6 Nevada.—Lino projected from Emory Station, Oakland,
to Bodie, 250 miles. Mortgage made to Central Trust Co. of Now 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—Adelante 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, 1876, 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 in 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
terminus in September, 1882. Extension made to San Bernardino. 5
miles north of Colton. Stock, $3,300,000. For $1,100 in cash each .
subscriber received$l,000 in bonds, $1,000 in stock and $10o in the
San Diego Land & Towa Co. stock. (See V. 32, p. 231; V. 33. p. 52,
185; V. 34, p. 575; V. 35, p. 265, 266, 538 )
Camden <6 Atlantic.—Dec. 31, 1882, owned from Camden, N. J., to
Absecon Inlet, 60 miles; Penn Ave. to South Atlantic, 6 miles: Phil.
Marl. & Med. RR.; Haddonfield to Medford, 12 miles; total operatedr
78 miles. In Nov., 1882, 4 p. ct. paid on pref. stock. Earnings and
expenses for three years past have been :
Years.
Earnings.
Expenses.
Profits
1880 ................................. .$498,838
$371,626
$127,219
1881 ..................................... : 512,880
373,864
139,016
1882 ....................................... 550,405
360,083
190,321
Preferred stock entitled to 7 p. c. if earned, and to as high as paid to com .
if more than 7. (V. 32, p. 395; V.34, p. 3 4 3 ; V. 35, p. 130; Vt3'6> p.- 169.)

mm

IHi ■ ■
XX

R A IL R O A D

STOCKS

AND

BON DS.

[ V ol.

XXXVIL

Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in tbese T a bles.
Bonds—Princi­
DESCRIPTION.
INTEREST OR DIVIDENDS.
Due
Daté Size, of
Amount i Rate per When Where Payable, and by pal,When
For explanation of column headings, &c., see notes of
Par
Stocks—Last
of.
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Dividend.
Whom.
California Southern—lstm ort. ($25,000 per mile).
Camden A Atlantic—Stock ($880,650 of it pref.)....
1st mortgage (extended 20 years in 1873)...........
Consol, mortgage (thirty years).............................
Camden A Burlington Co.—1st mortgage................
Canada Southern—Stock.............................................
1st mort., interest guar, by N. Y. C. & Hud. R iv ..
Canadian Pacific—Stock.......................................... .
Land mortgage bonds, gold.....................................
Carolina Central—1st mortgage, gold, coup, or reg.
2d mort., gold, income, reg., not cumulative........
3d mort., gold, income, reg., not cumulative........
Carson A Colorado—1st mortgage.............................
New preferred stock.................................................
Old preferred stock...................................................
Chattel mortgage bonds..........................................
New mortgage.......................................................... Cayuga A Susquehanna—Stock..................................
Cedar Falls AMinn.—Bonds on 1st div., sink. fund.
Bonds on 2d division, sinking fund.........................
Cedar Rapids A Missouri Rive)— Common stock__
Preferred stock, 7 per cent......................................
1st mortgage..............................................................
1st mortgage..............................................................
1st mortgage..............................................................
Central Branch Union Pacific—1st mort., g o ld ___
Funded interest bonds (coupons held in trust). ..
2d mortgage (Government subsidy)........................
Central R. R. A Bank, Ga.—Stock............................
-General mort. “ tripartite” bonds, coup.................
Certificates of debt (for dividend)..........................
Central Iowa—Ist, mortgage........................................
Debt certificates, issued for overdue coupons—

üsü

$1,000 $3,300,000
50
1,258,050
1,000
490,000
1,000
497.000
1,000
225.000
31
500 &c.
350,000
100 15,000,000
404
291
1,000 13.802,937
291
6,000,000
100 55.000,000
1,730
1881 500 &c.
2,700,000
242 1880
1,000
2,000,000
242 1880
1,000
1,500,000
158 1830
1,000
1,500,000
158 1881
2,250,000
"5 0
97
1,159,500
....
93
50
1,000,000
50
93
2,200,000
209,850
’6Ö-8-9 500 &c.
1,300,000
93 1870 500 &c.
100
589,110
34
210,000
14 1864 500 &c.
1,377,000
61 1866 500 &o
__
6,850,400
100
274
___
769,600
100
700,000
70 1861 500 &c.
582,000
58 1863 500 &c.
2,332,000
146 1866 500 &c.
1,000
1,600,000
100 1866
__ 1879 1,000
629,000
1,600,000
100 ’66-7-8 1,000
100
7,500,000
714
....
1,000
5,000,000
620 1872
__ 1881
100
4,600,000
3,700,000
189 1879 500 &c.
629,000
1880 500 &c.
132
77
60

1882

1853
1854
1881
1867
....
1878
1883

Camden A Burlington County.—Dec. 31, 1882, owned from Camden,
N. J., to Pemberton, N. J., 23 miles; branch, Burlington, N. J., to Mount
Holly, 7 miles; total, 30 miles. Leased to Camden & Amboy Railroad
■Co., and now operated by the Pennsylvania Railroad Company, lessees
of United Railroad & Canal Company’s lines. Lease rental, $44,415,
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
uary and July. (V. 36, p. 195.)
Canada Southern—December 31,1882, owned from Victoria, Ont., to
Amherstburg, Ont., 229 miles; branch, St. Thomas, Ont., to Courtright, Ont., 63 miles; total (original line, all steel), 292 miles;
and miles absorbed on reorganization—-Erie & Niagara, 31; Sarnia
- Chatham & Erie, 7 ; Canada Southern Bridge & Ferry, 4 ; Toledo Canada
Southern & Detroit, 55, and Michigan Midland & Canada, 15; total of
all lines, original and acquired, 404 miles. Default was made, and a
reorganization forming the existing company was completed in 1878.
Interest on the 1st mortgage issued by the company is guaranteed by the
New York Central Railroad C o.'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 tbe operation
of the Canada Southern by the Michigan Central, also for the placing of
the 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 fixed
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 the raising of $6,000,000 by a 21 mort.
on 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 months of 1883 gave Canada Southern $313,000, out
of which dividend of 2 per cent paid Aug. 1. The income account for
three years was as follow s:
INCOME ACCOUNT.

1881.
1882.
Receipts—
1880.
Total gross earnings..................... $3,705,679 $3,369,260 $3,416,959
$696,915
$319,780
Net earnings........................
$1,299,339
Other receipts.................................
77,901
9,657
12,010
Total income............................ $1,377,240
Th)
/<?_.
Interest ou d e b t.....................
$407,800
Discharge of balances, old lines..
423,286
Dividends................. .....................(2*3)375,000
36,301
Miscellaneous....... ................

$706,572

$831,790

$678,625
............
............
88,651

$679,231
............
1,059

Total difc bursements................ $1,242,387
$767,276
$630,290
Balance............................................ Sur. 134.853 Def. 60,704 Sur. 151,500
—V. 35, p. 455, 576, 637, 657, 737 ; V. 36, p. 311, 366, 590, 6 4 9 . 707.)
Canadian Pacific.—(See M a p P a g e x x l . ) —This company was in­
corporated in February, 1831, under a charter from the Dominion of
Canada. Thé company has an important contract in its charter, receiv­
ing from the Government $25,000,000 in cash as a subsidy, also 25.000,0 0 0 acres of land, all fit for settlement, (of which 6,500,000 acres
have 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
fnbm Winnipeg to Lake Superior and 65 miles irojn Winnipeg to
Emerson, already finished, and 213 miles now building from Port Moody
on the Pacific coast to Kamloops, between the Rooky Mountains and
Cascade Mountains, to which point the company is building from Win­
nipeg. The company also acquired 449 miles of road and branches from
Montreal west to Cailendar. at a cost of $5,423,333, which is a lien on
441 miles of those roads. The road is to extend from Montreal to Port
Moody on the Pacific co ist in Brit. Columbia, 2.906 miles,with branches
o f 4oo miles, in all 3,306 miles. The authorized stock is $100,000,000.
The company operated in June 1,704 miles, and on July 1,1883, had
the following lines completed and in progress:
Com­
Com- In
pleted,
pleted. prog.
Montreal to Cailendar 347
Branches Em erson.. 65
....
22
....
Stonewall...............
Brohs. on Montr’l Div. 102
610 ! Pembina and Gretna 113
___
Callend’r to Th’nd’r B.
40
Winnipeg to Kamloops 700
559
Bran oh—Sturg’n Riv.
100 Kaml’ps to P rt Moody ___
213
to A lg o m a ........................
Thund’rB.to Winnipeg 435
Total m ileage__ .1,824 1,482
T h e re is no mortgage on the road (except tho lien above mentioned of
$5,423,333 on 441 miles) ana the bonds are on the lands only. There are
deposited with the government as security $5,000,000 of thnse bonds
and there are yet outstanding only the above amounts, remaining after
cancellation of bonds from land sales. The company sold 6,452,000
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 iu
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
n u m . See fu ll description in the Ch r o n ic l e . V. 36, p. 108, 453, 509,
707; V. 379p. 22, 127.)
Carolina Central—March 3 1 ,18 8 3 ,owned from Wilmington, N. C., to
S h e lb y , N. C., 242 miles. Formerly Wilm. Char. & Rutherford, chartered




6
4 &3
7 g.
6
6
6
2
5
5
2*3
5 g.
6 g.
6 g6
6
3*3
3*s
5 & 10
7
4*3
7
7
1*3
3*3
7
7
7
6
l6 «•
4
. 7
6
7
7

J. & J.

Boston.
Camden, Co.’s Office.
Phila., Farm. & M. B’k.
do
do
do
do
Phila.. Penn. RR. Co.
N. Y., Grand Cen. Dep.
N. Ÿ., Union Trust Co.

Jan. 1, 1922
Nov., 1882
Jan.. 1893
Oct., 1, 1904
July 1, 1911
1897
Aug. 1, 1883
Jan. 1, 1908

N. Y., 63 William St.
& O. Montreal ,N. Y. orLondon
& 0. N.Y., Farmers’L.& T.Co.
<fc J.
New York, Office.
<te O.
do
do
& J.

Aug. 17,1883
Oct. 1. 1931
April 1, 1920
July 1, 1915
July 1, 1910
Juiy, 1911

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

M. & N.
M. & N.
Various
F. & A.
J. & J.
A. & O.
J. & J.
Q.—F.
F. & A.
F. & A.
F. & A.
M. & N.
M. & N.
M. & N.
j.
J.
J.
J.
A.

Philadelphia Co.’s office
do
Phila., Phila.& Read. Co.
do
do
New York, 44 South st.
N.Y.,J. S. Kennedy & Co
do
do
Boston, Treasurer.
do
do
N. Y., Nat’l Park Bank,
do
do
do
do
N. Y., 195. Broadway.
do
do
U.S. Treas., at maturity.
&” d .
Savannah, Ga.
& J. N.Y.,Nat.City Bk.&Sav.
& J.
Savannah, Ga.
& J.
New York, Office.
& O.
do
do

May 16, 1883
May 16, 1883
1888 to 1900
Feb. 1, 1900
July 1, 1883
April 30,1884
Jan. 2, 1907
Aug. 1, 1883
Aug. 1, 1883
Aug. 1, 1891
Aug. 1, 1894
May, 1916
May 1, 1895
May 1, 1895
1896,’97, ’ 98
July 1, 1883
Jan. 1, 1893
1891
July 15,1899
3 mos. notice

in 1855; Succeeded by existing company after foreclosure May 3,1873.
Defaulted, and Receiver placed in possession April 5,1876. Sold in fore­
closure May 31, 1880, for $1,200,000.
In 1881-82, gross earnings,
$603,874; net, $72,812; in 1882-83, gross, $596,328; net, $168,471.
Wilmington Bridge bonds, $200,000, at 7 per cent, are guaranteed by
this company and interest paid. Tbe stock of $1,200,000 is placed for
five years in the hands-of the reorganization committee. (V. 34, p. 343;
V. 36, p. 674; V. 37, p. 128.)
Carson A Colorado.—Dec.31,1882, owned from Mound House Nev., to
Candelaria, N ev„ 158 miles; Candelaria to Benton, 41 miles; total 199
miles. Stock ($6,000,000 authorized) $2,250,000. Gross earnings in
1881, $254,065; net, $160,408 ; gross in 1882, $442,254; net, $246,104.
H. M. Yerington, President, Carson. Nev. (V. 35, p. 430.)
Cedar Falls A Minn.—Dec. 31,1882, owned from Waterloo, 111., to Minn.
State Line, 76 miles. Completed in 1870. Leased to Dub. & Sioux C. for 40
years from Jan. 1,1867, 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 pent oi any excess over $7,500 per mile. The Dub. & S. C.
(carrying this road) is leased to 111. Central till 1887, witn option to the
lessee of renewing. Capital stock, $1,586,500. A sink, fund of 1 p. ct.
per annum is provided, and some of the above bonds are in tlie sink. fd.
Cedar Rapids A Mo. River.—April 1,1882, owned from Cedar Rapids,
la., to Mo. River (opp. Omaha), 272 miles;.branch, Clinton, la., to Lyons,
la., 2 miles; total operated, 274 miles, of which 26,6 miles steel rails.
Chartered in 1855 and completed in 1866. Leased to and operated by
Chic. & N’ west. Rental, $700 of the first $1,500 of gross earnings per
mile; 33*3 per cent of next $3,000 per mile, and 20 percent of any
excess over $4,500 per mile. Gross earnings year ending Mch. 31,1883,
$3,177,192; gross earnings per mile, $11,595. The rental in 1882-83
was $854,646 and disbursements, including dividends and interest, were
$306,420. The total balance to credit of income account March 31,
1883, was $336.606. In 1880 purchased a majority of the Sioux City &
Pacific Railroad stock. (V. 36, p.589.)
Gent. Branch Union Pac. (See M a p P a g e x l v ) .—Ju n e!, 1882, owned
from Atchison, Kan., to Waterville, Kan., 100 miles; leased Atch. Col. &
Pac. 252 miles; Atch. J. Co. & W., 34 miles; itotal operated June 1,1882, 386 miles. The Un. Pac. Cent. Br. was formerly the At. & Pike’s P’k RR.,
and was one of the roads embraced in the act of Congress incorporating
the Union Pacific RR. The stock is $1,000,000, of which the Union
Pacific holds about $900,000. The company received a Government
subsidy of $1,600,000. Default on interest was made May 1,1873, but
no foreclosure took place. It is operated as a part of the Missouri Pacifio
system, under some arrangement with the Union Pacific. Earnings in
1881 on whole line, $976.791; net, exclusive of taxes, &c., $328,546.
In 1882 gross earnings were $1,014,044; net, $441,298.
Central o f Georgia ( A Bank).—Aug. 3 L, 1882, owned from Savannah,
Ga., to Atlanta, Ga., 295 miles; branch, Gordon to Milledgeville, 17
miles; leased-Augusta & Savannah, 53 miles; Eatonton Br. Railroad,
22 miles; Southwestern Railroad and branches, 343 miles; total opera­
ted, 730 miles; also takes net results of 170 miles more operated by
separate companies.
In January, 1880, purchased the former
Savannah & Memphis road—Opelika to Goodwater, 60 miles—for
$700,000. In 1881 the control of the Port Royal & Aug.
was bought; also a lease Qf theGeorgia Railroad for 99 years was
taken in the interest of this company. The certificates of debt were
issued, June, 1881, as a dividend to stockholders—$40 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 the Georgia Railroad Company are joint
owners of the Western Railroad of Alabama, purchased at foreclosure
shle in April, 1875. Tho “ tri-partite” bonds are issued jointly by this
company, tho Macon & Western and the Southwestern.
The annual report for the year ending August 31,1882, was in the
Chronicle, V. 35, p. 601. The income account has been as follow s:
1880.
1881.
1882.
$2,103,771
$2,147,241 $1.688.918
Total net in com e............
Fixed charges and dividends.. 1,308,821
1,457,851
1,972,708
Surplus.....................
$799,949
$689,390 Bet.. 183,789
—(V. 34, p. 31, 177, 315, 543; V. 35, p. 455, 601; V. 36, p. 559.)
Central Iowa.—Dec. 31,1882, owned from Albia, la., to North wood, la .,
190 miles; Muchakinock Branch, 2 miles; Grinnell & Montezuma Br.,
14 miles; Stoney City Br., 35 miles; Newberg branch, 27 miles; Belmond branch, 22 miles; total operated. 290 miles. Eastern Div., 124
miles, and 111. Div., 90 miles, under coustruction. Chartered as Central
RR. of Iowa and opened in 1871. Defaulted and placed in hands of a
Receiver in 1873. Reorganized under present title, June 18,1879, after
foreclosure sale under first mortgage July 18, 1877. The stock is
$9,100,000 common; 1st pref., $907,000, and 2d pref., $1,167,800. First
pref. has prior right to 7 per ct. (non-cumulative); then 2d preferred en­
titled to 7 per cent; any surplus, after payment of 7 on eon mon stock, to
be divided vro rata between the three classes. In the report o f 1882,
President Cate discusses the claim of the preferred stock, on the
income. In Deo., 1881, stockholders of this company had the privilege
of subscribing to the bonds of the Chic. Burl. & P. (extension line), and
received a bonus of Cent. Iowa stock, and in 1882 more new stock was
issued for new road acquired, &o. In 1882-83 extensions were made,
and the Peoria & Farmington Road
acquired to make a line from

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XXII

R A IL K O A D

DESCRIPTION.
Miles
For explanation of column headings, &o., see notes of
on first page of tables.
Road
Central Iowa—( Continued) —
le t mortgage, gold, Eastern Division .
124
1st mort. on branches ($12,000 per mile)
Central o f New Jersey—Stock..........
341
Mortgage bonds.......... ......... .......... " ......................
74
Ronds (convertible Nov., 1875 to i877) ".............
Consolidated mortgage (for $25,000,000)
97
- Income bonds, reg., (not cumulative)........ .
Newark & New York, 1st mortgage..........
Lehigh & Wilkesbarre Coal Co., prior liens.! . ! . ! ! !
T
do
Consol mort.......... !
L. & W. B. Coal Co., inc’me bds, rg. (not cum’lat’e)
Am. Dock & Imp.Co. new M. bds., guar. C. of N. J.
Adjustment mort. (redeemable any time at par)
•Car trusts.................................. ................... .
Central Ohio—-Common stock.............
137
Preferred stock.....................
137
1st mortgage bonds...................." . .
137
Central Pacific—Stock....................
2865
1st mort., gold, (2 sinking funds! $50,000 each)!. 742
California State aid, gold (b. fund, $50,000)........
50
1st m.S. Joaq’n Val. Br., gld (s.f. $50,000).............
146
U. S. Loan, (2d lien on certain terms).................... 742
Western Pacific, 1st mort., gold, (s. f. $25,000)... 158
do
Government lien............. .
123
Cal. & Oregon, 1st M., gold, guar., (s. f. $100,000) 152
Cent Pao., mortgage, on C. & O. Branch............... 152
San Fran. O. & A., 1st M. (s. i. $100,000).................
20
Land grant mortgage bonds....................
Income bds.($6,000,000), skg.fd.,10 p.c.perann’m All.
Charleston £ Savannah—1st M.. C. & S., guar.
101
Funded int. bonds, S. & C. RR., guar, by S. Car..
1st mortgage, Savannah & Charleston R R ............ ib i
Charlotte Columbia <6 Augusta—1st mort. consol... 191
2d Mortgage....................................... ............... ....... 191
Ohartiers—1st mortgage.....................................
23
1882, gross, $1,209,109; net, $533,233.
707 ’ 7313)5’ ^ 103’ 183> 263> 372’ 455>

STO CK S

BON DS.

rvoL. X X X V II.

Bonds—Princi­
INTEREST OR DIVIDENDS.
Date Size, or
pal,When Due.
Amount
of
par
Rate per When Where payable, and by SlocJes—Last
Bonds Value. Outstanding
Cent. Payable
Wnom.
Dividend.

_
....

1882
1882

1869
1872
1874
1878
1867
1875
1881
1878

_

1865-8
1864
1870
1869
1869
1868
1872
1870
1870
1878
1853
1868
1869
1869
1872
1871

$1,000 $1,475,000
1,000
1,200,000
100 18,563,200
1,000
5,000,000
1,000
4,400,000
1,000 15,000,000
100 «fcc.
2,400,000
500 &o.
600,000
4,720,000
1,000 11,500,000
100 <fcc.
3,553,000
1,000
5,000,000
100 &c.
5,454,000
3,104,600
50
2,437,950
50
411,550
1,000
2,500,000
100 59,275,500
1,000 25,884,000
1,000
1,500,000
1,000
6,080,000
25,885,000
1,000
2,624,000
1,970,000
1,000
6,000,000
1,000
2,080,000
1,000
687,000
1,000
5,949,000
1,000
3,285,000
500
505,000
100 Ac.
111,800
500
500,000
500 &c.
2,000,000
1,000
500,000
1,000
500,000

(V. 34, p. 230, 488. 5 4 7 548
705’

AND

3 6 ,1 , 1 559,

•Central o f New Jersey.—Dec. 31, 1882, owned from Jersey City, N. J.,
to Phillipsburg, N. J., 73 miles; branches, 3 0 miles; leased and operated,
in New Jersey, 269 miles, and in Pennsylvania, 201 miles; total
operated, 573 miles. The principal leased lines in Pennsylvania are
the Lehigh & Susquehanna and the Lehigh & Lackawanna, with
their branches, «fee. Under the lease of 1883 to Philadelphia & ¿Reading
the minimum rental of Lehigh & Susquehanna is $1,414,400 per year
and maximum $1,728,700 till 1888; then $1,885,800 till 1893. and
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
consolidated mortgage interest. Reorganization followed. Of the
$11,500,000 Lehigh & Wilkesbarre Coal bonds, $6,116,000 are held
by Central of New Jersey and receive no interest till all other bonds
are satisfied. The Lehigh & Wilkesbarre Coal Company’s stock is
$8,700,000, and the company was taken out of receiver’s hands in March,
1882. (See report in V. 36, p. 706.) The American Dock & Improve­
ment Co., which is virtually owned by the railroad company, issued a new
mortgage in June, 1881, to retire the prior issue and pay off the Central
of New Jersey floating debt; and the company reserves the right to pur­
chase these bonds by lot at 110. The adjustment bonds are payable at
will. The income bonds receive 10*2 per cent in 6 per cent convertible
scrip, and the bonds are made convertible into stock alter 1885, beard
per cent interest and run positively till 1908. In May, 1883, the road
was taken out of receiver's hands, and from June 1, 1883, leased for 99
years to the Philadelphia & Reading RR. Co. at 6 per cent on stock and
interest on bonds. From 18.8 there were no satisfactory reports of
operations. In May, 1883, the board submitted the following statement
of earnings and expenses on all the lines operated:
'
.
1881.
1832.
Gross, earnings............................................$10,927,593
$11,312,296
Operating expenses....................................
6,152,795
6,221 225

A. & O. N. Y., Taintor & Holt. Aprii 1, 1912
do
do
A p rili, 1912
Q.—J.
New York, at office, Aprii IO, 1876
F. «Ss A.
do
do
1890
M. & N.
do
do
Nov., 1902
Q.—«I.
do
do
July 1. 1899
M. & N.
do
do
May 1, 1908
J. «Se J.
do
do
1887

I s- A. & O.

2Ja
7
7
7
7
7
6&7
7
7
5
7
6 &7
3
3
6
3
6 gI «•

I
m
6
8
6

I

7
7
7
7
7

Q .-M .
M. & N.
J. & J.
M. & N.
Var.
J. <& J.
J. & J.
M. & 8.
F. & A,
J. & J,
J. & J.
A. & O.
J. & J,
J. & J.

N. Y., Cent. RR. of N. J,
do
do
do
do .
N. Y., Cent. RR. of N. J.

Balt., at B. & o . office,
do
do
do
do
N. Y. & San Francisco.
N. Y., Fisk & Hatch.
Sacram’o State Treas.
N. Y., Fisk <fe Hatch.
8*
U- S. Treasury.
N. Y „ Fisk & Hatch.
U. S. Treasury.
g. J. & J, N. Y „ Fisk & Hatch.
J. & J. New York & London.
g J. & J. N. Y., Cent. Pac. Office.
g. A. & O. N. Y., Fisk & Hatch.
M. & N. N. Y. and San Fran.
8’ M. & S. Charleston, 1st Nat. Bk.
M. & S.
New York,
J. «& J.
do
J. & J. N. Y., Nat. Park Bank.
A. <fc O.
do
do
A. & O. Philadelphia, Penn R.R.

Miscellaneous..........................
Contract with W., Far. & Co.
Total income................
Disbursements—
Interest on debt.....................
Dividends................................
Dividends per cent..................

1880.
$
54,855
348,140
8,492.116
$

3,715,325
3,406,530
( 6)

June 1, 1900
May 1, 1888
July 1, 1921
May 1. 1903
Various dates.
July 31,1883
July 31,1883
Sept., 1890
Aug. 1, 1883
1895to ’98
July 1, 1884
Oct. 1, 1900
1895 to ’98
July 1, 1899
1899
Jan. 1, 1888
Jan. 1, 1892
July 1, 1890
Oct. 1, 1890
May 1, 1888
March 1, 1877
Sept. 1, 1899
Jan. 1. 1889
Jan. 1, 1895
Jan. 1, 1910
Oct. 1, 1901

1881.
$

1882.

20,000

20,485

10.809.829
$
3,508,292
3,556,530

9,573,736
$
3,443,413
3,556,530
( 6)

592,656

( 6)

7,121,855
Total disbursements..........
7,064,822
6,999,943
Balance, surplus.
........
1,370,261
_____ ¡ ( 1
3.745,007
2,573,793
The company’s sinking funds amounted Jan. 1,1883, to $5 844 417
of,S'lilA‘Ll about $5,251,000 was invested in the Southern Pacific bonds'

¡g g g

3>403’ 405' 6575 v - 36> 233’ * * . » f c

Charleston £ Savannah.—June, 1882, operated from Savannah. Ga
to Charleston, 8. C., 104 miles ; Ashley River branches, 4 miles ; Charlesw B Junction to Charleston, 7 miles; total, 115 miles. Formerly the
Charleston & Savannah Railroad; reorganized in 1876 under name of
Savannah A Charleston, and opened March, 1870. Sold in foreclosure
June 7,1880, for $300,000, and turned over by C. P. Mitchell, Receiver
to the new company, called the Charleston & Savannah Railroad’
Stock, $1,000,000. Earnings in 1880-1, $301,570; deficit, $n~3i0*
Earnings m 1881-82, $387,9.56; deficiency, $73,160. (V. 35, p, 291.)
Charlotte Columbia £ Augusta. —Sept. 30,1882, owned from Charlotte
N. C., to Augusta, Ga., 191 miles. In November, 1881. leased Atlantic
Tennessee & Ohio Railroad, Charlotte to Statesville, 47 miles. Consoli­
dation (July 9,1869) of the Charlotte & South Carolina and the Columbia
& Augusta. The road has been under the control and management of
the Richmond & Danville since 1878. Gross earnings in I8s0-81
$626,919; net, $211,990; in 1881-82 gross, $601,624; net, $181,993 •
and the A. & T. in 1881-2 gross, $50,391; net, $14,585. There
are, m addition to the above, bonds, $189,500 of old Columbia &
Augusta bonds yet outstanding, due in 1890. Stock issued, $2,578 000
Net'earniugs............. .................J.............. $4,774,798
$5,001,071 ; ; (V - 33’ P-736; V. 34, p. 59; V. 35, p. 372,449, 7 3 6 ; V. 3*6, p. 251 ;
Interest, rentals, etc............................ .
4,172,143
'
4,493,794 V. 37, p. 98.)
Chartiers.—Dec. 31,1882, owned from Mansfield, Pa., to Washington
HE Surplus................................................
$602,655
$597,276 Pa.,
23 miles. Chartered as C. Valley in 1853 and opened in 1856
Increased fixed charges for 1882 over 1881 were mainly for payment bold under foreclosure, and reorganized in 1871.' Leased for 99 years
of interest on American Dock & Improvement Co bonds funded in from January 1, 1872, to the Pittsburg Cincinnati & St. Louis; the
1881. As against surplus shown, there are the following charges: Paid rental is net earnings. Gross earnings in 1882, $120,022 ; net income
ear trusts, construction, taxes, etc., 1881, $535,289; 1882, $638 349 $36,818; m 1881, gross earnings, $110,031; net income, $38,218!
Interest on income bonds is not charged. (See also the Master’s report Capital stock, $647,850. (V. 32, p. 4 9 8 .)
■
Chronicle, [in V. 36, p. 623.) (V. 34, p. 145, 189, 203, 230, 263, 290
Chesapeake £ Ohio.- -April, 1883, owned from Newport News, Va., to
3 1 5 ,4 3 4 , 459, 4 8 7 488, 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, 651, 707; V. 37 n 22’ total operated, 512miles. Consolidation of Virginia Central and Coving­
48,98.)
■ ’
ton & Ohio, and opened through March 1,1873. The old company de­
e d in l 873 and theroad was sold under foreclosure April 2 1878
Central Ohio.—Dec. 31,1882, owned from Bellaire, O,. to Columbus O fault
and reorganized under present auspices. The Eliz. Lexington & Big’
137 miles. Chartered in 1847 and opened in 1854. Reorganized in Sandy
Railroad connects on the west with the Chesapeake Ohio &
1865. Leased to the Baltimore & Ohio, for 20 years, Nov 11 1866- Southwestern,
and the Kentucky Central road is controlled in the same
rental, 35 per cent of gross earnings. Feb. 23, 1880, the lease was interest.
extended to Dec. 1, 1926, with the option of renewing for terms of 20
The stocks outstanding were as follows to Jan. 1 ,1 88 3 : Common
years perpetually. In 1880-81 gross earnings $1,006,025; net, $228 267 • $15,334,513
; preferred stock—first, $7,806,138; second, $8,562,632. Thé
lease rental, $352,108. Tn 1881-82 gross earnings, $987,401 •
’ net’
B ” bonds take interest in 1882-83 4 per cent cash and 2 p. ct. in stock,
$314,932; rental, $345,590. The road between Newark & Columbus “and
thereafter
all cash. The second mortgage currency bonds till July
^ 3 miles) is^ owned^jhfintly with the Pittsburg Cincinnati & St. Louis 1884, take interest
in second preferred stock, then for two years partly
m that stock and partly cash, and afterwards all cash, if the earnings
Central Pacific.—Dec. 31,1882, owned from San Francisco, Cal. to are sufficient but “ all interest not paid in cash to be paid in second
Ogden, Utah, 883 miles, and auxiliary lines, 332; total, 1,215 miles- preferred stock.” The cash interest charge in 1883 is $981,000. The
operated under lease or contract—the Southern Pacific in California’ mortgage bonds of 1882 for $3,000,000 are secured on road from New­
Arizona and New Mexico, 1,114; California Pacific. 115, and others’ port News to old Pt. Comfort, Va., and terminal works; and on a branch
731; total, 1,960 miles; total length of road operated and accounted for to be built in West Va. from Scary Creek to the Ohio River. First pref.
Jan. 1,1883. 3,173 miles. The Galveston Harrisburg & San Antonio was stock has prior right to 7 per cent from surplus; then 2d pref. to
receive 6 per cent ; both classes precede the common. The Ches. & O.
given up in February, 1883, leaving the miles operated 2,876.
This was a consolidation (August 22, 1870) of the Central Pacific guarantees $700,000 bonds for a grain elevator, but in case of paying
California & Oregon, San Francisco & Oakland, San Francisco & Alameda them will obtain the elevator.
Prior to 1882 there had been very large extraordinary expenses charged
and San Joaquin Valley railroads. In connection with the Union Pacific
the Central Pacific forms a continuous line from San Francisco Cal to to operating, which reduced the net earnings. Earnings and exoenses
p
Council Bluffs, la. (1,918 miles), and there connects with the lines east­ were as follows in 1881 and 1882:
ward.
Years.
Gross Earnings. Op’g Expenses. Net Eam ’gs.
..... ........................$2,705,343
$2,267,403
$437.940
In late years an important feature of the Central Pacific status is the 1881
2,302,448
L032 528
short lease of the Southern Pacific in California, Arizona, «fee., at a fixed' 1882 ....................................... 3,334,976
rental. The annual report for 1882 was in the Chronicle , V. 37 d. 47 - ( V . 34. p. 85; 264, 292, 343, 5 4 7 , 548, 636; V, 35. p. 182, 313, 404
’
’
giving full account of the operations, a statement of the leased lines’ 657, 705; V. 36,p..221, 251, 3 6 4 , 560.)
earnings, the terms of agreement with them, &c., &c.
Chesapeake Ohio £ Southwestern.—Jan., 1883, owned from Louisville
Ky., via Paducah to Memphis, Tenn., 398 miles. This road forms thé
INCOME ACCOUNT
western connection of the Chesapeake & Ohio and the Lexington & Bi°„
,
.
.
1880.
1881.
1882.
Sandy
and the Huntington system of roads when finished will reach from
.Total gross earnings................ $20,508,113 $21,094,100 $25,662,757 Ches. Bay
to Memphis, and from Louisville to Memphis. The company
Meteipts—
$ .
«B
^
purchased
the Memphis Paducah & Northern—Paducah to Memphis—
Net earnings................. ........ ..
7,634,504
9,514,673
8,560,991 and the Paducah & Elizabethtown, subject to the $500,000 mortgage on
Interest on sinking funds........
254,617
262,500
281,260 the latter, and leased the Ceeilian Branch of Louisville & Nashville
Land grant bonds redeemed...
200,000
420,000
711,000 from Louisville to ^Ceeilian Junction, with option of purchasing it’




August, 1883. J

K A IL R O A D

STO CK S

AND

BONDS.

X X lll

Subscribers w ill coufer a great favor by g iv in g im m ediate notice o f any error discovered in these T ables.
. INTEREST OR. DIVIDENDS.
|Bonds—Princi­
DESCRIPTION.'
Due.
Miles Date Size, or
Amount Rate per When Where Payable, and by pal,When
Stocks—Last
of
Par Outstanding
For explanation of column headings, «fee., see notes of
Cent.
Dividend.
Payable
Whom.
Road.
Bonds
Value.
•
on first page of tables.
Chesapeake d: Ohio—Purcb. money funding bonds...
d o “ “ “ do “ B” ..................... - ....................
2d mortgage, our. (interest in stock or cash)........
Ches. Ohio <£•Southwest.—1st M., gold ($19,000 p. m.)
2d mortgage ($11.000 per m ile).............................
Padueab & Elizabethtown, 1st m ortgage.............
Bouds, not mortgage.................................................
Preferred st’ek (7 0. e. y ’rly not cumulative).......
General mortgage, sterling, for £900,000............
1st mortgage.............................. - ..............................
Joliet & Chicago, 7 per cent, stook.........................
Bt. Louis Jack. & Ch., common stock.....................
do
do
preferred stook....................
do
do
1st M. endorsed by C. & A ..
do
do
2d M. endorsed by C. & A..
do
do
2d mortgage.........................
La. & Mo., 1st M. ($139,100 assumed by C. <&4.)
do
2d hiort. (int. guar. C. <fc A.)........
do
guar. ~pref. stook............................
Bonds for K.C.St.L.& C. line, s.f. $60,030.............
Preferred stook do
guar. C. <Jc A .............
.......................... —
Common stock do
C. <&A. bonds on Miss. Riv. Bridge, 1st mort., gold

428
503
428
428
75

1878 $1,000
1878
1,000
1878 100 &c.
.1878 100 &e.
1831
1,090
1882
1,003
396 188 L 1,000
396 1881
1,000
186 1877
1,000
64
100
500 «fco.
85Ó
....
100
850
100
322 1873
1.000
220 1863
1,000
38
100
• >•
....
150
37
37
150
101
101

1864
1864
1868
1868
1870
1877

162

1878

249
0 licago Burlington <&Quincy -S tock ......................... 3216
Consolidated mortgage coupon, (for $30,000,000) 825
Trust mort.011 Iowa lines,coup.or reg.(s.f. l% p.c.) 740
Bonds Den.Ex.(Rep.VaJ.and B.&Col.bdspledged)
Plain bonds (s.f.l p.o.) for K. C. St. J.& O.B. stook
Debenture bond* for Han. .V St. Jo. stook ...........

.

1877
1880
1873
1879
1881
1881
1883

1,000
1,000
1,000
1,000
1,000
1,000
100
1,000
100
1,000
1,000
100
1,000
1,000
1,000
1,000
1,003

$2,350,000
July 1. 1898
6 g - J. <&. J. N. Y., Fisk <fe Hatoh.
2,000,000
6 g. A. & 0.
do ”
do
July 1, 1908
6 g. M. <& N. N. Y., Company’s office. July 1, 1908
15,000,000
10,122,500
6
J. & J.
do
do
July 1. 1918
6 g. A. & O. N. Y., Fisk <&Hatch.
2.000,000
Jan. 1, 1911
do
do
500,000
June 1, 1922
6 g- J. <& D.
7,358,000
5-6
N. Y., 52 Exoh’ ge Plaoe. Aug. 1, 1911
F. & A.
do
do
4,356,000 i
Aug. 1, 1911
6
F.
&
A.
do
do
6-8
500.0 >0
Feb. 1, 1897
1% J. <& J. Keene, N. H., Office. July 10,1883
2,100,000
J. & J.
Boston.
8O0.OOO i
July l , ’96«fe’98
6
4
M. <fc S. N.Y., Jesup, Patón <fcCo. Sept. 1, 1883
12,504,600
do
do
4
2,425,400
M. «fe 8.
Sept. 1, 1883
4,379,850
6 g. J. «fe J. Lond’n,J.S.Mórgan«feCo. July 1, 1903
J. & J. N. Y „ Jesup, Paton <feCo. Jan., 1893
2,383,000
7
July,, 1883
1,500,000 Ì
Q.—J. v N. Y. U. 8. Trust Co.
1%
Aug. 1, 1883
5
i ....
1,293,000
Aug.
1, 1883
1,034,003 i
5
2,365,000 *
A. "& O. N.Y., Jesup, Paton <&Oo. f April, 1894
7
A. «fe 0.
do
do
April 1, 1894
564,000 í
7
July, 1898
do
do
7
J. «fe J.
188,000 do
do
July, 1898
360,000 ?.
J. «fe J. t
7
Aug., 1900
F. & A.
do
do
1,854,000
7
Nov. 1, 1900
M. & N.
do
do
300,000 f
7
do
do
Aug. 1, 1883
262,100 Í
3% F. <fc A. ;
do
do
May 1, 1903
2,805,000 1
6 g. M. & N.
do
do
Aug. 1, 1883
« 1,750,000 1
1%' : q - p - 1
Chle.. III. Tr. <&Sav. Bk. May 20,1881
271,200 «
7-40
A. <fc O. N.Y.-,Jesup, Paton <&Co. Oot. 1, 1912
700,000
6
M. «fe N. , New York <fc London. Nov- 1, 1920
6,500,000
69,814,191 i
! - * ä Q .-M . N. Y., Bk. of Commeroe. June 15,1883
do
do
July 1, 1903
13,980,006 i
J. «fe J.
7
Oot. 1, 1919
do
do
11,496,000 4 & 5 A. & 0.
, Feb- 1, 1922
do
do
7,963,000
4
F. <& A.
4
do
do
Sept. 1, 1921
M. «fe S.
4,300,000
9,009,000 r
5
[M. «fe N.
May I , 1913

- ( V . 34, p. 31,86, $ 6 $ ; V. 35, p. 188,265,404,455; V.36, p. 2 1 8 ,4 5 3 ;
V. 37, p. 127.)
Chicago <&Atlantic.—Road opened May 14,1883, from Marion, O., on
line of N. Y. Pa, & O., to Hammond, Ind., 249 miles, and thence; over
the Chicago «fe Wests. Ind. to Chicago, 19 miles. Built as a connecting line
for N. Y. P. & O. and N. Y. L. E. &W., and both these companies guaran­
tee the gross earnings on business over their roads; to and from the
Chio. & Atlantic, as seourity for interest on the bonds. Stook, $10,u00,000, of which $9.000,000 is deposited with H. J. Jewett, President of
N. Y. L. E. & W., in trust to hold aud vote on it. (V. 35. p. 51,211,
237, 405, 546, 705, 707; V. 36, p. 339, 560, 731; V. 37, p. 22.)
Chicago Burlington <6 Quincy.—Dec. 31,1882, mileage was as follows :
Main line—Chicago to Burlington, 204 miles; Burlington to Pacific J unc­
tion, 276 miles; branohes—Galesburg to Quinoy. 100; Galesburg to
Peoria, 52; Yates City to Lewiston, 30; Lewiston to Rushville, 3 3 ;
Aurora to Turner Junotion, 12; Geneva to Streator, 67; Shabbona to
Rock Falls, 47; Mendota to East Clinton, 62; Buda to Elmwood, 4 4 ;
Galva to New Boston, 51; Keithsburg Junotion to Keithsburg, 6 ;
Burlington to Carthage, 30; Carthage to Quincy, 4 0 ; Rook Island Junc­
tion to Rook Island, 47; Barstow to Alton Junction, 214; Cleveland
Junotion to Cleveland, 111., 2 ; Keithsburg to Gladstone, 17: Sheridan
to Paw Paw, 20; Keokuk to Burlington, 42; Albia to Moravia, 12 ;
Chariton to Leon, 38; Chariton to Indianola, 33; Creston to Hopkins,
45; Creston to Fontenelle, 28; Red Oak to Hamburg, 40; Red Oak to
Griswold, 18; Burlington Junotion to Villesoa, 35; Clarinda to Northboro, 20; Hastings to Sidney, 21; Hastings to Carson City, 16; Albia
to Des Moines, 67; Leon to Grant City, 57; Bethany J unction to Albany,
46; Paoiflo Junction to Kearney Junotion, 196; Omaha to Oreapolis,
17; Crete to Beatrice, 30; Nemaha to York, 136; Lincoln to Colum­
bus, 73 ; Atchison to Linooln, 146; York to Central City, 41; Hast­
ings to Colorado State Line, 239; Teoumseh to Nemaha, 33; Table
Rook to Amboy, 143; State lane to Denver, 175; Beatrice to Wymore,
12; total owned Dec. 31, 1882, 3,113 miles; leased—Quinoy to East
Louisiana and branch to Hannibal, 46 miles; usedjointly—Alton to East .
St. Louis, 21 miles; Hamburg to East Nebraska City, 10; Paoiflo Junc­
tion to Council Bluffs, 17; Ohioago Station to Union and Central depots,
4 ; Sterling to Rock Island J unction, 5 ; total, 57 miles; total operated
Dec. 31, 1882, 3,216 miles; controlled: Kansas City to Council Bluffs,
from Nov. 1,1877. at a rental of 35 per cent of gross earnings, less taxes 199 miles (28 miles of whiob included above under‘ ‘leased;” ) Wlnthrop
and assessments. The bonds are held by U. 8. Trust Co. as security for Junotion to Atchison Bridge, 1; Amazonia, Mo., to Hopkins, 50; Bigelow
the C. & A. bonds of 1878 issued to build this road, and a sinking fund of to Burlington Junction, 32; Corning to State line, 30; grand total,
$60,000 per annum provided for their redemption. Should the 35 per 3,530 miles. The extension to Denver was opened May, 1882. Also
cent be more than sufficient to pay bond interest and 7 per cent on had control of the Burlington & Southwestern RR., the St. Joseph &
the stock, the excess is- to go to the lessees. The Mississippi River Bridge Des Moines RR., and leased the St. Louis Keokuk & Northw. RR., and
is leased in perpetuity from Deoember 3,1877, at a rental of $63,000, to (jointly with Wabash) the Humeston & Shenandoah Rtt.
be applied in payment of 7 per cent on $200,000 stook, and 6 per cent on
The Chicago Burlington & Quinoy was a consolidation (Jan. 1, 1873)
$700,000 bonds. To stockholders of record Nov. 15, 1882, ten per cent of the Chicago Burlington & Quinoy in Illinois and the Burlington <fe
in new stock was sold at par, the proceeds going to the redemption of Missouri River in loVa. The Q. A. <fc St. L. was leased in perpetuity
bonds. Preferred stook has prior rignt to a non-cumulative divi­ from Oot. 1,1876, at a rental of $42,000 a year. The St. L. R. I. & 0.
dend not exceeding 7 per ct. from net earnings, and (after payment of 7 was leased from Oct. 1, 1876, at a rental of $175,000 a year. In
on com:) also shares with com. in any surplus. Prices of stook nave been: 1880 the Burlington <fe Mo. in Nebraska was absorbed, 630 miles,
-Common,-Preferred.including leased lines. A stock dividend of 20 per cent was then
1883.
1883.
1882.
1882.
made. The Republican Valley RR. stockholders were given a deferred
Jan u ary..... 135 -128
137V13414
stock entitled to no diviaends before Jan. 1,1885, but in Oot., 1881, the
145 -140
137 -130
February.... 135%-128%
Chic. Bur. <fe Q. stock was given for this, in the proportion of three
135 -131%
133 -133
March........... 132%-127%
shares for four. The C. B. <fe Q. 4 per cent bonds were issued against
135 -133 %
130 -130
A p ril............ 132 -128%
Rep. Valley and Bur. & Col. 5 per oent bonds held in trust, aud an equal
135 -132%
M a y............. 134%-130%
amount of Rep. Valley stook scrip was also issued to subscribers to the
136 -133%
June............. 134 -129%
bonds, such scrip being exchanged April 1,1882, into Chi. Bur. & Q.
140 -140
136 -132%
J u ly ............. 141 -133
stock. See V. 33, p. 328. The Kan. City St. Jo. & Council Bluffs and
August. 145%-138
..........-.........
branches was purchased, 254 miles, aud the C. B. & Q. 4 per oent bonds
146 -146
September .. 144%-138%
---- .............
due Sept. 1, 1921, issued to pay for it.
O ctober. 142%-138%
......... -.........
Iu April, 1883, the Chicago Bur. & Quincy purchased of Mr, Jay Goold
Ì4Ó""-Ì4Ó"
Novem ber... 142%-128% — ..- .........
and others the common stook of the Hannibal «&St. Joseph Railroad at
Deoember
.. 135 -13181 - ......... - ........
the price of about 45, and the preferred stook, or some of it, at par
Annual report for 1882 in V. 36, p. 218. Operations, earnings, <fce., value. It paid for these with its$9,003,000 of 5 per oeut bonds.
have been as follows for four years past:
The Chicago Burlington & Quincy ou Its leases of the numerous branoh
INCOME ACCOUNT,
roads usually gave them a traffic guarantee of 40 or 50 per oent for pur­
1882.
J.880.
1881.
1879.
chasing their bonds. Enough of the C. B. & Q. consolidated mortgage
$
is reserved to take up prior debts. The bonds of 1876 for St. Louis Rock
$
8,215,494 Island & Chicago Railroad are plain bonds of Chio. Burlington & Quinoy,
7,557,740
Total gross earnings. 5,755,677
7,687,225
Net Receipts—
offset by mortgage of like amount on St. Louis Rook Island & Chicago
3,729,613 road deposited with trustees. Prices of stook have been:
3,408,027
Net earnings............ 2,706,156
3,625,401
332,547
•306,791
Other receipts............
33,000
2G9,505
1882.
1883.
I
1882.
1883.
J a n ...... 138 -132% 125%-120
J u ly ..... 135 -127
126%-121
3,714,818 4,062,160 F eb ........ 136%-128
Total net income... 2,739,156
3,894,906
122*8-115% |A u g ....... 141 -1338» . . . . . . . . . . . . .
lHsbu ■sennents—
$
$
Mar........ 135%-127% 125%-117 I Sept....... 137 -131% ............
1,127,534 A pr...... ^ I34%-128% 129%124
Rentals paid..............
754,913 1,067,991 1,096,995
Oot......... 133%-129
71,222 M ay....... 133*8-129% 126% 120% Nov........ 132%-12l)%
Construction.............
431,644
*102,175
761,122 Juue...... 132 -127% 126% 122
762,001
561.279
Interest on d e b t.......
771,360
Deo........ 129%-121%
198,621
171,662
155,961
T a x e s ........................
147,418
The last annual report was published in the C h r o n i c l e , V. 36, p. 423,
1,083,080 Comparative statistics for four years are as follows:
Dividends...................
765,776
854,359 1,077,976
97,940
Miscellaneous...........
232,510
60,237
132,743
306,000
Joi. «fcCbi. b’ds red’d.
1882
1880.
1881.
1879.
2,826
3,181
2,675
1,760
2,400,341
Total disbursem’ts.
2,973,871 - 3,772,788 '3,645,518 Miles owned and leased
97
98
98
97
Balance, sur, o rd e f.. sur.338,815 sur.921,035 def. 57,970 sur.416,642 Miles operated jointly.
* Kan. C. &t. L. & C. net earnings, which were devoted t« construction,
2,924
2,772
1,857
3,229
Total operated.......
id accordance with agreement

T««.Wing 396 miles of road altogether. Branches of 50 miles are also
projected. Stock authorized: Common. $6,300,000, and preferred,
$3,500,000. Gross earnings for year 1881 on 350 miles, $789,182 ; net,
$174,796. In 1882 gross earnings, $1,027,598; net, $252,254. (V. 34,
p. 655; V. 35, p. 71, 78 )
Cheshire.—Sept. 30,1882, owned from South Ashbumham, Mass., to
Bellows Falls, Vt., 54 miles; leased. Monadnock RB., Winchendon to
Peterboro, N. II., 16 miles; and 10 miles Vermont & Mass; total 80
miles; but the Monadnock, 16 miles, is not included in the Cheshire
earnings, leaving 64 miles operate 1. $51,000 rental paid to Vt. <fe
Mass, for leased portion of road. Gross earnings in 1880-81, $622,595 ;
net earnings, $115,110. In 1881-2 gross. $625,075; net, $124,201.
Capital stock—common, $53,300, and preferred, $2,100,000.
Chicago <& A lto n - December 31, 1882, mileage as follows: Joliet
fco East St. Louis (main), 244 miles; Branches—To Coal'City, 30 miles;
Dwight to Washington & Lao’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, 150 miles ; Louisi­
ana to Cedar City, 101 miles; Kansas City to Mexico, 162 miles. Total
leased, 450 mi:es. Total operated, Dec. 31,1882, 850 miles.
Chartered as the Chi. & Miss., Feb. 27, 1847 ; reorganized under act of
Jan. 21,1857, as Chi. Alt. & St. L., and under aot of Feb. 16, 1861,
the present corporation succeeded to the property, which was sold
under foreclosure in the following year and transferred to new organi­
zation in Oct., 1862. Chicago and St. Louis were connected by the
present line in 1864. The Joliet & Chicago is leased from January
1, 1864, for the term of its oharter, and forms part of the main
line. Rental, 7 per cent on stock. The St. Louis Jacksonville <fc
Chicago is leased in perpetuity from April 30,1868, -at a rental equal to
40 per cent of gross earnings until the amount reaches $700,000, with
a minimum of $240,000 a year, and the co upany is to be merged with
Chicago & Alton an l its stock exchanged- for Chicago & A'.ton stock.
The Louisiana <fe 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




XXIV

il A IL R O A D

STOCKS

ARD

BORDS.

[V ol . S X X V IL

Subscribers w ill confer a great favor by g iv in g im m ediate notice o f a n y error discovered in tliese Tables.
DESCRIPTION.
on first page 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 & Hannibal, 1st.)
Ottawa Oswego* Fox Riv., 1st I Coup.,butmay
Illinois Grand Trunk, 1st mort [ be raslstArad.
Quincy & Warsaw, 1st mort . . !
B’ds for St. L.*R. I. & C. (sink, fund $50,000) coup
uiney Alton & St. Louis, 1st mortgage, guar......
url.& Mo. Riv., 1st on r’d &400.060ae’s I’d » Cp.
do 1st M. on br.,C.B.*Q.stk.(5th ser.) > or
do Conv. bonds, C.B.&Q.stk.(6th ser.
r.V) reg.
n . & Mo. consol.M.for $14,000,000, s..f '
do
Omaha & S.W., 1st M., guar.

Bonds—Princi­
INTEREST OR DIVIDENDS.
Mües Date Size, or
pal,^When Due,
Amount Rate pei When
of
Par
of
Where Payable, and by Stocks—Last
Outstanding
Road. Bonds Value.
Cent. Payable
Whom.
Dividend?

1860
1864
1872
33 1875
40 1869
70 1870
44 1870
40 1870
270 1876
46 1876
281 1863
40 1869
. . . .
1870
191 1878
49 1872.
1880
Nebraska consol, mort., guar......................
. 133 1877
Republican Valley RR., sink, fund bonds . . . . ___ 148 1879
Atchison * Nebraska. 1st mortgage............ .
149 1878
Lincoln & Northwestern RR. bonds ......................
7Í2 1880
Kansas City St. Jo. & C. Bl., m ortgage..... ............ 27,4 1877
do
do
income bonds, reg...
1877
Chicago dí Canada Sou thern—1st mort., gold..........
67 1872
Chic. Detroit dk Canada Or. Ti'unk Junction—1st M.
59 1859
, Chic. dkBast. III.—Stock.............
■..........
¿. 240
1st M.,coup. (S. f. $20.000 a fter’8 5 ) ..................... 123 1877
2d mortgage income (non-cumulative)............. ... 123 1877
C. & E. III. Extension, 1st mortgage......................
14 1881
Dan. & Grape Creek RR.—1st mortgage................
12 1880
Chicago dk Grand Trunk,—1st mortgage, $ and £ ___ 330 1880
2d mortgage for $6.000,000 ..................... ¿. •....... 330 1882
Northwest.;Grand Trunk, ls tm o rt.L . . . . . J...'.
66 1880
Chicago dkIowa—1st mort., coup., may be reg.......
80 1870
2d m ortgage... .......................................................
80 1871

§

100
96

$591,000
653,000
1,0*00
547,500
1,000
373,000
500 &o.
545,500
1,000
1,076,000
500 &c.
890.500
1,000
720,000
1,000
2,325,000
1,000
840,000
50 *c.
4,182,050
500 &c.
74,000
500 &c.
159,500
600 &c. 11,441.200
1,000
710.000
1,000
3,347,000
1,000
560,000
3,000
939,000
100 &c.
1,125,000
600,000
10Ö&C.
4,495,522
100
2,488,174
1,000
2.541,000
100 - 1,095,000
100
3,000,000
100 *0.
3.000,000
10Ò &e.
767,000
3,000
250,000
1,000
250,000
£100&C
6,351,016
1,000
3,818.965
500 &e.
649,500
1,000
600,0001,000
1,150,000

1879.
1880.
1881.
1882. .
Earnings—
$
$
$
$
Passenger...................... 2,566,652
3,534.209
3,616,086 4,756,992
Freight........................... 11,650,623 16,054,197 16,595,819 15,711,510
Mail, express, &o..........
599,831
903,641
1,112,245 1,534,802

4g.
7
7
5
8
8
8
8
5
5
7
8
8
6
8
4
7
6
7
7
7
6
7 g.
6
3
6
7
6
6
6 g.
5
6
8
8

J. & J.
Frankfort.
A. & O. N.Y., N. Bk, of Com’rce.
J. & J. Boston, Co.’s office.
J. & D.
do
do
J. & J. N.Y., N. Bk. of Com’rce.
J. & J. New York and Boston.
A. & 0.
J. & J. N.Y., N. Bk.of CommTce
A. & 0.
Boston, Co.’s Office.
F. * A. N.Y.,Farmers’ L.& T.Co.
A &O
J. & J. Boston, Co.’s Office.
J. & J.
J. & J.
J. & D.
A. & 0. Boston, N. E. Trust Co.
A. & O.
J. & J.
M. * S.
J. & J.
J. & J.
A. * O.
Boston, at Office.
A. & O. N. Y., Union Trust Co.
J. & J.
Loudon, England.
M. * S. N. Y., Central Trust Co.
J. & D. New York. 4th Nat. Bk.
Dee. N. Y., Central Trust Co.
J. & D. New York. 4th Nat. Bk.
M. * N. Boston, Globe Nat. Bk.
J. & J. New York and London.
J. & J.
J. & J. N.Y., E.P.Beach.B’way.
J. & J. New York and Boston.
J. & J.
do
do

July 1, 1890
Oct. 1.-1890
Jan. 1, 1896
June 1, 1895
July 1, 1889
July 1, 1900
Oct. 1, 1890
July 1, 1890
Oct. 1, 1901
Feb. 1, 1896
Oct. 1, 1893
July 1, 1894
July 1, 1889
July 1, 1918
June 1, 1896
Jan. 1, 1910
Oct. 1, 1893
July 1, 1919
Mar. 1, 1908
Jan. 1, 1910
Jan. 1, 1907
Jan. 1, 1907
April 1, 1902
July 1, 1884
Mar. 1, 1882
Dec. 1, 1907
Deo., 1907
Dec. 1, 1931
May, 1920
Jan. I, 1900
Jan., 1922
Jan. 1, 1910
Jan. 1, 1900
Aug. 1, 1901.

Rapids, la. (all steel), 82 miles. Operated by Chic. & 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
year.
* ,
v
’
Ohiccgo Milwaukee dk St. Paul.—Dec. 31, 1882, the following was
Total gross earnings... 14,817,105 20,492,047 21,324,150 22,003,304 officiaLy reported as the mileage owned and operated Chioago to Mil­
Total operat’g expenses 7,228,222
9,362,904 10,574,357 10,668,341 waukee, 85 miles; Milwaukee to L a Crosse, 196 miles; La Crosse to St.
Paul, 130 miles; Milwaukee to Prairie du Chien, 194 miles ; Mazomanie
Net earnings.................. 7,588,883 11,129,143 10,749,793 11,334,963 to Prairie du Sac, 10 miles ; Milton to Shullsburg, 76 mües ; North Mc­
Gregor to St. Paul, 214 mües ; Conover to Deoorah. 9 mües ; Mendota
INCOME ACCOUNT.
to MmneapoEs, 9 miles; Rockton to Rockford. III., 16 miles: Calmar to
Marion Junction and beyond, 300 miles ; Marion to CounoU Bluffs
1879.
1880.
1881.
1882.
Feceipts—
$
262 miles ; Austin to Mason City, 40 miles ; Hastings to Aberdeen and
$
$
$
Net earnings.................. 7,588,883 11,129,143 10,749,793 11,334,963 beyond, 272 mües ; from Aberdeen south, 33 miles ; Davenport to near
Net B. & M. land grant.
1.170,437 1,329,725 Fort Atkinson, 153 mües; Watertown to Madison, 37 mües; Madison
899,315
to Howard City, 22 mües; MUwaukee to Portage, 98 miles; Mad
Total income............... 7,588.883 12,028,458 11,920,230 12,664,688 Ison to Portage, 39 mües, Sparta to Melvina, 12 miles ; Lisbon to Necedah,
Disbursements—
13 mües; Wabasha to Zumbrota, 59 miles; H oriconto Berlin and Win$
$
$
$
Rentals paid..................
179,093
203,006
310,668
148,771 neconne,57 mües: Ripon to Oshkosh, 20 mües; Sabula to Cedar Rapids.
Interest on debt............. 2,110,938
3,282,718
3,430,454 3,883,789 92 mües ; Paraita to Farley, 44 miles ; Racine to Rook Island, 197 mües :
Taxes..............................
328,844
441,590
492,154
615,622 Eagle to Elkhorn, 17 mües, and Eldridge to Maquoketa. 32 mües ; Glen­
Dividends*..................... 3,081,985
4,366,064
4,349,286 5,023,599 coe to OrtonviUe and beyond. 206 haies-; La Crosse to Madison, 375
Carried to sinking fund.
230,493
563,385
687,246
631,443 mües; Là Crescent to near Sabula, la., with branches, 324 miles •
Accounts written off___
Tomah to Merrill, 108 miles; Mineral Point to Warren, and branch, 51
423,085
Transf’d to renewal f ’nd 1,000,000
1,250,000
1.000,000
750,000 miles; Chicago to Lanark Junction, 115 miles; Sioux City to Yaakton,
with branch, 131 miles.; Minneapolis to Burton, 28 miles: from BridgeTotal disbursements___ 7,354,438 10,106,763 10,269,808 11,053,224 water west, 80 miles; Dell Rapids to Sioux Falls, 19 miles; Spencerto
Lake
Okoboji, 17 mües; Wabasha to Ear Claire and branch, 71 miles*
Balance, surplus........
234,445
1,921,695
1,650,422 1,611,464 Hastings
to StiUwater, 25 miles ; Northtteld to Red Wing, 32 miles ;
Yankton
to Scotland, 27 miles; and small branches, amounting in aU to
* In 1879; 8; in 1880, 9%; in 1881, 8; in 1882, 8.
192 miles ; total operated, 4,520 miles.
—(V. 34, p. 19, 86, 264,290, 315, 343. 377, 4 1 9 ,433.575,625, 636, 663,
The Milwaukee & St. Paul RaUroad Company was organized May 5,
687, 714; V. 35, p. 96, 266, 297, 456, 677, 762 ; V. 36, p. 29, 312, 4 2 3 1863, and embraced a number of other companies, including the MUwau
731.)
kee & Misi-ibsippi, the Prairie du Chien, the Lacrosse & Milwaukee, and
Chicago^ Canada South.—Dec. 31,1882, owned from Grosse Isle, Mich, otue’ -s. The Milwaukee & St. Paul afterward purchased the St. Paul *
to Fayette, O., 67 miles. On Nov. 1 ,1 8 7 9, It was transferred to the Lake Chicago Road and others, and buüt the line from Milwaukee to Chicago,
Shore & Mich. South. It has a capital stock a,mounting to $2,607,400 and on February 11,1874, the company took its present name. The
and à bonded debt of $2,541,000, and owes upwards of $1,680,000 over­ Western Union Railroad was leased in 1879 for 999 years, and the bonds
due coupons. Original cost, $5,176,557. It is a part of a projected line were retired by the issue of the Chic. MU. * St. Paul bonds secured by
mortgage on that road. Of the consol, mort, bonds of 1875, enough are
between Chicago and Detroit River, but failed in 1873.
Chicago Detroit <& Canada Grand Junction.—Dec. 31, 1882, owned 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
from Port Huron, Mich., to Detroit June., 59 miles. Opened in 1859. discharged
from the operation of the sinking fund. In June, ls8 2 , a
Leased to Grand Trunk of Canada. Earnings in 1882, $386,294 ; net, further issue
of 20 per cent in stock was voted, of which 10 per cent
$69,909. Rental received, $112,500, out of which paid interest, $65,700.
was
issued
as
a dividend to stockholders of record Sept. 15.1882, and
and dividends, semi-annually, each 2 per cent, $43,800. Capital stock!
$978,984, and funded debt, $1,095,000. The road is owned by the 10 per cent was sold to them at par.
The
preference
of the preferred stock is a prior right to a non-oumulalessees, but a separate organization is maintained in Michigan.
tive dividend of not exceeding 7 per cent from net earnings (except that
Chicago dk Eastern Illinois.—June, 1882, owned from Dolton, HI., $250,OuO above interest on bonds may be reserved as a working capital,
to Danville, 111., 107*2 miles; Covington, Ind., to Coal Creek, Ind., 30*2 before payment of the dividend.) After payment of 7 on preferred and
miles; Danville to Sidell’s, 23 miles; leased, Dolton to Chicago (C. & 7 on common, both classes Share pro rata, rices of stock of the Chicago
W. I.), 17 miles; Wellington Junction to Cisna, 13 miles; Evansville T. MUwaukee & St. Paul have been
Haute & C. RR., Terre Haute to Danville, HI., 55 miles; Otter Creek to
.-----)-------- Common.-Preferred.Brazil, Ind., 14 miles ; Danville, HI., to Covington, Ind., 13 mbes1882.
1883
" 1882.
1883.
total operated, 253 miles. Evansville Terre Haute & Chicago leased January....... 11078-104*2 108*3-103:14
123 -I I 9*4
122 -119%
May 1.1880, for $75,000 per year. The Chicago & East Illinois was February---- 110*8-106*4
106*4- 977q 1227s-120
120*3-116%
chartered as Chicago Danville .& Vincennes in l8 6 5 , and opened in 1872 March---- ... 118*4-108
1027g-x9778
126 -119*3
120*3-116%
and 1873. Sold under foreclosure Feb. 7, 1877, ’and reorganized under A pril........... 1137s-108%
1047g- 98%
122%-118%
12178-117
existing style Sept. 1,1877. In March, 1882, the U. S. Supreme Court M a y . . . . . . . . 113*3-109% 105*8-1007a
1 2 2 -1 1 9
121%-119
reversed the decree of foreclosure of the Danville road, but granted a June........... . 11258 108
106*4-10178
128 -120
121 -119'
rehearing, on which the_old decree was reversed and the cause re­ J u ly............. 122*8-11178 106 -101*8
135*8-127
120*3-117
manded. Report for year ending June 30,1882, showed gross earn in «-s August........ 125 -11978
- .......
139*3-134
. . . . . . . ..........
$1,692,266; net, $693,444. (V. 34. p 86, 114, 175, 291, 316. 343, 548. September.. 128*4-107*sx _____ -....... . p. 144%-123x
.........-.........
574, 636; V. 35, p. 21, 78, 373, 404, 4 5 4 ,4 8 6 , 515, 601 ; V. 36, p. 312, October....... 11158-107
.............
129 -122
............
479,509.)
''
’ November... I l l - 96*3
.......... . . . . . .
127 -114*3
.......... . . . . . .
_____ -.........
124 -117
.........-....... .
' Chicago dk Grand Trunk—This Is a consolidation of roads between December... 109 - 98%
Port Huron and Chicago formed in April, 1880, under the control of the An abstract of the last annual report (for 1881) was published in the
Grand Trunk of Canada; 330 miles operated. It includes the former Chronicle, V. 36, p. 451.
The report statos that the lands belonging to the company were sold
Port Huron & Lake Michigan and the Peninsula roads, sold in foreclosure.
Stock, $6,600,000 in $100 shares. The Grand Trunk of Canada gives a in 1882, except about 100,000 acres, mostly in the State of Wisconsin.
trafile guarantee of 30 per cent of gross earnings on business io and The net receipts to the tressury of the company from sales of land
from the Chic. & Grand Trank Road. Gross earnings for 1881. $1.631 - during the years 1881 and 1882 are $1,224,364; and the amount now
751 ; net, $199,726; for 1882, gross, $2,271,000; net, $385,579, (V. 34 due the company on contracts and mortgages is $1,787,508; in addition
p. 86,315.)
'
’ to which the sum of $210,000 is held in trust to abide the decision of a suit
brougnt by this company aga nst the Sioux City & St. Paul Railroad
Chic, dkIowa —D ec.31,1882, owned from Aurora, HI., to Foreston, n i., Company.
preferred stock was increased during the year $2,046*8 0 miles; leased,Flagg Centre to R oikf'vd, 24 miles; total onerated, 104 000 by the The
conversion of mortgage bonds into preferred stock, and all
miles. Chartered in 1869. and opened in 1872. In hands of a Receiver for such bonds have
now been converted.
two years and arhalf, and sold Mar. 9,1878, in foreclosure of second mort­
The foUowing table shows the operations, earnings, capital account,
gage of $1,150,000, but the sale and all foreclosure proceedings were &c.,
for
four
years:
canceled and overdue coupons were paid. Gross earnings for year
1879.
1880.
1881.
1882
ending Dec. 31, 1882, were $525,071 ; net, $88,309. Capital stock,
2,359
3,775
4,217
4,520
$1,428,000, and funded debt, $1,750,000; total stock and bonds, MUes of road.............
O PE R A T IO N S A N D F IS C A L RESU LTS.
l>3,178,000. Cost of road and equipment, $3,418,479. This road is used
Operations—
1879.
1880.
1881.
1882.
by the Chic. Burl. * Quincy to connect with the HI. Cent., and in Feb.,
Passenger mileage... 78,119,592 111.561,919 137,940,086 200,790,928
1882, passed into control of Chic. Bur. & Q. (V. 33, p. 99,124, 321: Rate
per pass. p. mile 2-93 cts.
2*84 cts.
2*86 cts.
2*58 cts,
V. 34, p. 264, 343.)
-&
’
—.
T
. . „ . H S H K IM I
.
H
. Freight (tons) mU’ge.401,595,734 504,876,154 697,347,607 945.250.159
Chicago Iowa é Neh.—-July 1,1883, owned from Clinton, la., to Cedar I Ay. rate p.tonp.im le l -72 cts.
1*76 cte.
1*70 cts.
1*48 eta.




K A IL R O A D

August, 1883.

STO CK S

AKD

BON DS.

xxv

Subscribers w ill confer a great favor by giv in g im m ediate notice o f any error discovered in these Tables
Bands—Princi­
INTEREST OR DIVIDENDS.
DESCRIPTION.
pal,When Due.
Miles Date Size, or
Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &c., see notes of
Dividend.
Whom.
Cent. Payable
Road. Bonds Value.
on first page of tables.
July
2, 1883
Boston,
Merch.
Nat.Bk.
J.
&
J.
4
$3,916,200
$100
82
Chicago Iowa A Nebraska—Stock. - - .........................
F. & A. N. Y., Nat. Park Bank. Aug. 15,1894
7
211,500
82 1863 500 &c.
3d mortgage (now 1 st)........... -v-- -- -- - .............
April
16,1883
A.
New
York,
&
O.
Office.
30,904.261
3*3
100
Chicago Milwaukee A Hi. Paul—Com. stoeK... - — 4,217
April 16,1883
do
do
3*3 A. <fe O.
100 16,540,983
Preferred st’ck (7 p .c. y ’rly, n
b
j ........ 4,217
July 1, 1905
do
J. & J.
do
7
1875
1,000 11,083,000
Consolidated mortgage (for $3o,000,000).............
do
do
1893
J.
&
J.
7
5,279,000
1863
1,000
370
1st mortgage ( Lacrosse Div.), con. or reg
do
do
1884
A.
&
o.
7
387,000
1,000
370 1864
2d mortgage (Lacrosse D iv .)........
do
1897
& J.
do
J.
7
3,201,000
220
1867
1,000
1st mortgage (Iowa & M in n .)......
do
1894
&
J.
do
J.
7
123,000
1,000
49 1864
1st mortgage (Minnesota Central).
1899
do
do
J. & J.
7
541,000
1869
1,000
1st mortgage,(Iowa & Dakota). . . . Coup., tout
do
do
July
1, 1908
J.
&
J.
7
3,505,000
i;o o o
335 1878
may be
1st M.,Ia.&Dak.Ext.($15,000 p.m.)
do
do
1898
F. & A.
8
3,674,000
1,000
235 1868
1st mortgage (Prairie du Chien)... ►registered
do
&
A.
do
1893
7 3 F.
1,241,000
1,000
235 1868
2d mortgage (Prairie du Chien)... by end’rsedo
do
1891
J. & J.
7
215,000
1,000
1881
ment.
Milwaukee & Western....................
7 g. J. & J. London and New York. Jan., 1902
3,805,000
130 1872
St.P.&C.lst M.(Riv. D.)$<fc£(conv.)
1902
New
York,
Office.
&
J.
J.
7
89,000
1872
75
1,000
1st mortgage, Hastings & Dakota.
do
1903
dô
J. & J.
7
2,393,000
1,000
85 1873
1st M., Chic. & Mil. line . . . . . . . . . 0 HP ■ ■
do
1919
do
&
J.
J.
5
2,500,000
1879
Bonds on Lae’se &Dav. Div., for Dav. & Nw. KB. 160
do
July 1, 1909
do
J. & J.
6
4,000,000
1,000
1stmort. on S. W. Div. Western Union H R .... ... 212 1879
do
Jan.
1, 1910
do
ite
J.
J.
6
3,000,000
1880
1,00 )
1st mort. on Chic. & Pac. Div., Chic, to Miss. Riv..
Jan. 1. 1910
do
do
J. & J.
6
7,432,000
1,000
1st mort. on So. Minnesota Div. ($9,000,000)---- 540 1880
1890
do
do
<
te
J.
J.
7
279,000
Land grant income bonds. ........ . - - .....................
Jan. 1, 1890
do
do
J. ffc J.
7
1,600,000
1883
1.000
Land grant and income bonds.......................... ---•
Jan. 1, 1910
do
do
J. & J.
7
5,290,000
i.ooo
1st mort. on Hastings & Dakota Div. extended .. 158 1880
July 1, 1920
do
do
J. & J.
6
6,710,000
1,000
1st M.on Ch.Cl.D.&M. ($700,000 of this held in tr.) 300 1880
July 1, 1920
do
do
J. & J.
6
1.700.000
107
1st mort. on Wisconsin Valley R R ......................... 107 1880
Jan. 1, 1909
Boston.
•7
J. & J.
1,106,500
500
107 1879
Prior mort.
do
_ _.................
1910
New
York,
Office.
&
J.
5
J.
2,840,000
1,000
1st mortgage, Mineral Point Division.................. 142 1880
July 1, 1921
do
do
J. & J.
5
1,360,000
1,000
68 1881
1st mortgage Chic. & Lake Superior D iv.,.............
July
1, 1921
do
do
5,g. J. & J.
3,315,000
1,000
143 1881
, 1stM.Wis. <fe Minn. Div. ($20,000 p. m .)...........
Jan. 1, 1921
do
do
1,000 14,380,000
5 g- J. & J.
IstM., gold, on Chic. & Pac., W. Div., $20,000 p. m. 719 1881
Oct.,
1883
do
do
A. & O.
7
64,000
1,000
47 1863
Dubuque Southwestern, 1st mort............... - ......
3*3 r. & D. New York, Co.’s Office. June 28,1883
100 26,502,755
Chicago A Northwestern—Common stock ............... 3,278
June 28,1883
do
do
2
Q —M.
100 22,323,190
3/278
Preferredst’ck (7 p. c. y ’rly, not cumulative).
do
Aug. 1, 1885
do
F. <& A.
7
971,400
Bonds, pref. (sink’g fund), 1st mort., Chic, to Osh. 193 1859 100 &e.
Nov. 1, 1883
do
do
M. & N.
676,300
7
Interest bonds, funded coup., 2d m., Chic, to Osh. 193 1862 100 &c.
extension. $180,000, 7s. due 1885; Miss. River bridge bonds, $153,000,
1832.
1830.
1881.
«
7s, due 1884; Beloit & Madison RR., *176.000. 7s, due 1888: Minnesota
$
$
5,179,078 Val. RR., $150,000, 7s, due 1908: Plainview, $100,000,7s, due 1908;
3,938,989
3,159,051
. >V8,884,227 11,884,795 14,002,335 PeuinsulaRR. (Mich.), $154,000 7s, due 1898.
In December, 1882. a controlling interest was acquired in the stock or
1, ¿05,313
1,201,677
1,042,841
the Chic. St. Paul Minneapolis & Omaha Go., and in April, 1883, the
Total gross earn’gs... 10,012,819 13,086,119 17,025,461 20,386,726 $ 10,000.000 debenture bonds were issued to pav for the stock; the
Operating expenses.. 5,473,794 7,742,425 10,317,931 12,186,073 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
4,539,025
5,343,694
6,707,530 8,200,653
Net earnings___
tures for proprietary roads, &c., see remarks in C H R O N iC L E , V. 37, p. 174,
* including elevators, stock-yards, &o.
t Including elevators, stock-yards, personal injuries and damages to on tlie annual report. Preferred stock lias prior right to 7 p. ct.; then
common entitled to 7; then preferred has a further prior right to 3 per
property, legal, insurance, rent of cars, &c.
cent; theu common to 3 ; then both classes share.
INCOME ACCOUNT.
The prices of stock have been as follow s:
1879.
1880.
1881.
1882.
,-----s------ Preferred.----------- 1
4----------- Common.------------ .
1882.
1883.
1882.
1893.. •
BaianaiJanuary 1 ... 2,520;074
3,531,538
4,343,283
5,593,010 January....... 131*8-124
136*4-130
141*2-136*3
15138-14o1a
Net earnings. . . . .
4,539,024 5,343,694 6,707,530
8,200,653 February___ 136 -1283s
133%-*J.28l8
145 -139
l^ i *8-143
Other receipts............
74,517
324,298 * 635,308
623,814 M a r c h ....... 145 -139
1345g-i31%
14278T373a
15031-14A
A pril............ 13134-12531 140*9133
141 -136
1-V7 -149*a
9,199,530 11,686,121 14,417,4,7 May- . . .. 131^-128
Total incom e....... 7,133,615
13 >ate-12-5s
144 -139*2
153 -146%
Disbursements—
$
$
____ $
147*2-142
163%-I49*a
June............. 132*2-128*4 l-46%-130*s
Interest on debt____ 2,287,407
2,837,385 4,127,389 4,78H,0o4 J u ly............| 138*4-130%
13.%, 125%,
151*4-146
152 -144*s
Divs. onpref. stock ..
859.564
859,564
887,424 1,032,744 A u gu st..___ 150 -137
........ - .........
175 -151%
.............
September...' 150%-144
........ -.........
1*1 -164*2
.........
D?vs.oncom.'stock.'.'
385^106 1,078?298 1,078,298
1,428.298 O ctober___." 146%-142*8
........ - .........
165 -159
.....y .......
Rate of dividend.......
2*2
1 ^
7
j
November... 14538-129%
.........- .........
1*>3%-115
*-----Miscellaneous............
70,000
8.1,000
- - -------• 3,5r>0,9/4 December... xl3938-130*2
........ - ....... xl57*2-150*2
........ .
3,619,407
Balance, Deo. 31....... 3,531,538 4,343,283 5,593.010
The company has a land grant and the summary of the Commissioners
report showed that the total consideration for the lands and lots so-d in
Total disbursements..7,133,615 9,199,530 11,686,121 14,417,477 1882-83. amounted to $1.205.546. The number of acres which were
GENERAL BALANCE AT CLOSE OP EACH FISCAL YEAR.
actually deeded from the various grants duriug the year was 200,545,
1879.
1880.
1881.
1882.
.and the number of acres under com ract of sale at the end of the year was
387.399. The receipts from cash sales and advance payments amounted
Assets—
$
$
$
$
Railroad,equipm’t,&c 63,399,448 99,185,683 120,073,630 138,015,099 to $667,500; from time payments on credit sales, $235 437; fro n interest
on contract«. $58,783; and from trespass on timber lands and stumpStocks owned, cost
2,163,567 1,265,364
768,846
7,133,028
age. $64,717. Total cash receipts, $1,026,444. The statement of amounts
Bonds owned, cost...
783,992
663,641
2,361,234 secured to be paid to the company by outstanding contracts of sale in
483,604
Bjlls& aco’ts rec’vable
564,715
1,028,764
1,495,113 force at the end of the fiscal year showed a total or $1,019,241.
385,911
Materials, fuel, &c. ..
382,951
555,200
2,969,732
801,694
T A B L E O F LAN D G R A N T LAN D S F O R Y E A R EN D IN G M A Y 3
1883.
Cash on h an d............
Daven. & N’west RR. 1,750,000
Lands un­
Acres deeded Acres under
Acres
689,578
503,119
111. & Iowa coal lands
sold May
contract.
during
Name of
unconveyed
1,129.215
Cash due on st’k subs
31,1883.
May 1883.
year.
grant.
May 31,’82.
255,061
417,660
232,736
112,329
Miscellaneous items..
784,532
328,482
133,839
Minnesota___ 1,246,854
485,677
57,296
55,517
Michigan,
___
512,090
Total a sse ts........... 74,066,074 103,313,644 125,636,593 146,554,663 Wisconsin___
320,125
1,621
6.044
327,792
$
■Liabilities—
$
$ •■
.
$
5,113
*Men.
River..
91,544
Stock, common.......... 15,404,261 15,404,261 20,404,261 27,904.261
Stock, preferred........ 12,279,483 12,404,483 14,401,483 16,447,463
1,590,336
337,399
200,545
Total........ 2,178.281
Bonds (See Supplm ’t ) 41,349,500 67,172,000 79.059,000 89,635,500
4,943,872
All other dues <feacc’tB
789.927 2,067,165
3,899,002
‘
Transferred
from
Men.
Riv.
RR.
grant
to
Mich,
land
grant,
80,431
acres.'
3,619,408
Income account........ 3,531,538
4,343,283
5,593,011
The gross earnings for year ending May 31, 1883, were only $397,178
2,216,630
Unpaid pay-rolls, &o.
711,365
1,048,541
2,279,836
1,787,509 larger than in 1881-82, and the net earnings were $1,015,703 smaller.
Land department___
Latest annual report (1882-83) in the C h r o n i c l e , V. 37, p. 174, showed
Advances
the following earn’s, expenses, &e.,for whole line, incl. propriet’y roads:
Earnings— '
Passenger . . . . . . .......
Freight..
Mail, express, &c*...

1879.
$
2,273,701
6,850,755
888,363

O PE R A T IO N S A N D F IS C A L RESU LTS.

Operations—
1879-SO.
1880-81.
1831-82.
1382-83
Pass’gers carried. 3,964.793 4,482,317 1 6,754,717
7,96.3,560
Pass’ger mileage. 140,116,88 4 164,333,503 205,574,178 248,8 >6,303
Rate p. pass. p.m.
2-67 cts.
2-53 ets.
2-52 cts.
2-46 ots.
37, p. 48, 98, 175.)
Fr’ght(tns) mov’d 5,574,835 6,661,112
8,190,8 *3
7,874,665
Chicago A Northwestern—At the end of the fiscal year, May 31, 1883, Fr’ght(tns) inil’ge865,909,542 980,522,774 1,192,188,039 1,183,920,358
the mileage was made up in the annual report as follow s: Wisconsin
1-42 cts.
1-47 cts.
1-47 cts.
1-49 cts.
Division, 555 miles; Galena Division, 313 miles; Iowa Division, 6 3
$
$
Earnings—
$
$
miles; No. Iowa Division, 369 miles: Madison Division, 467 miles; Passenger............
6,119,616
5,171,423
4,158,130
3,737,343
Peninsula Division, 374 miles; Winona & St. Peter Division, 448 miles; Freight................ 12,897,778 14,414,151
16,89 «,352
17,525,13 4
Dakota Division, 401 miles; total, 3,584 miles.
1,067,867
988,099
761,791
714,228
The Chicago St Paul & Fond-du-Lac Railroad, which was a consoli­ Mail, express, &c.
dation of several roads, was sold in foreclosure June 2,1859, and the
24,031,835
23,684,656
19,334,072
17,349,349
Tot.gross
earns.
Chicago & Northwestern Railway was organized as its successor with a
Expenses—
mUeage then of 193 miles, not all complete. In 1864 the company Mamt’iice
3.37?,994
f 3,571,119
of wayl
absorbed the Dixon Rock. & Kenosha, the Gal. & Chic. Union and tae
2,322,099
J 1,786,140
“
cars, &e 1 8,049,358
9,979,619 i 6,327.258 • 7,261.952
Peninsular RR. of Mich. In 1878 the Lacrosse Tremp. & Prescott RR. fransnortation..
(
was also consohdated.
4 mi,686
1 429.259
The progress of the company in mileage, traffic, earnings, &o., is best Mi icelLaneous__ J
618,785
522,558
446,202
382,241
shown in the comparative tables below. Quarterly dividends were com­ Taxes ..................
menced on the preferred stock in February, 1879. The sinking fund
14,072,516
12,639,634
10.425,821
8,431.599
Total.................
bonds of 1879 are secured by a deposit of mortgage bonds, on the new
10,009.319
11,045,022
8,908.251
roads acquired at the rate of $15,000 per mile, and the terms under Net earnings....... 8,917,750
58*44
which these are issued were published in V. 29, p. 277. The deed sets P.c. op.ex.to earn.
53 37 53-92
48-59
forth that this company issues its sinking lund bonds, to run 50 years
INCOME ACCOUNT.
from the 1st dav of October. 1879. interest not- exceeding 6 tier cent,
1882-83.
1879-80.
18.80-81.
1881-82.
and in amounts not exceeding $15,000 per mile of railroad actually
$
Receipts—
$
$ _
ifca
constructed or aoquired. Of these bonds so far issued, $6,3o5,000
10,009,319
8,917.750 8,908.251 .11,045,022
are 6s and the balance 5s. There are several small issues of Net earnings
$
_ _w
„
bonds (all less than $200,000 each) in addition to those in the table
Disbursements—
$
$ __
1,570,948
1,408,003 1,384,732
1,569,618
above, viz.: Appleton extension, $116,000, 7s, due 1885; Green Bay Rentals paid.......




XXVI

R A IL R O A D STO CK S

AND

BONDS

f Y o l . X X X V II,

Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in these Tables.
DESCRIPTION.
Bonds—Princi­
INTEREST OR DIVIDENDS;
Miles Date 8ize, or
pal,When Due.
Amount Rate per When
For explanation of column headings, &c., see notes of
of
Par .
Where Payable, and by Stocks—Last
Outstanding
on first page of tables.
Road. Bonds Value.
_ Cent. Payable
Whom.
Dividend.
Chicago & Northwestern—(Continued*—
1st morí-, general, 3d mort., Chic, to Oshkosh___ 193 1859 $100&o. $3.440,300
7
F. & A. New Yoik, Co.’s Office. Aug. 1, 1885
Consol, sinking fund mortgage .............................. 779 1865
1,000
7,033,000
7
Q.—F.
do
Feb. 1, 1915
Madison extension, 1st mort., sinking fund, gold. 126 1871 500 &o.
2,987,500
7 g. A. & 0.
do
do
April 1, 1911
Chicago & Milwaukee, 1st m ortgage..... ................
8t>
1,000
1.700.000
7
J.
&
J.
do
do
July 1, 1898
Menominee River, 1st mort., guar................. ....... .
25 1876
560,000
7
J.
&
J.
do
July
1, 1906
Menominee extension, 1st mortgage, g o la ............ 120 1871 500 &c.
2,559,000
7 g. J. & D.
June 1, 1911
Gen. cons mort., gold, ooup. orreg. ($48,000,000) 1,058 1872 500 &o. 12,343,000
J.
&
D.
do
7
g.
Deo.
1, 1902
Winona & St. Peter, 1st mort., guar by Chio.&NW. 137 1870-1 1,000
2,469,000
7
J. & J.
Jan. 1, 1887
do
2d mort., guar, by Chic. & N.W. 137 1870-1 1,000
1,592,000
7
M. & N.
Nov.
1,
1907
do
1st M. exten., gld, land gr., s. f .. 175 1871 100 &o.
4,091,500
7 g. J. & D.
do
Deo. 1, 1916
- Iowa Midland, 1st mort., guar, by Chic. & N. W ..
75 1870
1,000
1,350,000
8
A. & O.
Oct.
1.
1900
Northwestern Union, 1st mortgage, gold.............
62 1872 500 &c.
3,374,000
7 g. M. & S.
June 1, 1917
Rochester & No. Minnesota, 1st m ortgage............
24 1878
....
200,000
7
M. & 8.
do
do
Sept.
1,
1908
Chic. Mil. & N. W., construction bonds..................
....
....
750.000
6
M. & N.
do
do
Nov. 1. 1905
Chicago & Tomah, 1st mort., guar..........................
1,528.000
6
M. & N.
do
1905
Milwaukee & Madison. 1st mort., guar..................
80 1880
1,000
1,600,000
6
M. & S.
Sept. 1, 1905
Sink, fd.bds.(1 st M. as collateral) ($15,000 p. m.)..
1879
1,000
14.090,000
5 & 6 A. & O.
do
Oct.
1, 1929
S. f. debenture bonds (for C. St. P. M. & O. stock)
1883 l,000&c 10,000,000
5
M. & N.
do
May 1, 1933
Des Moines & Minneapolis RR. 1st mort. Bonds...
58 1«82
l,00o
600,000
7
F. & A.
do
Feb.
1,
1907
Escanaba & Lake Superior RR., 1st m o r t ...........
3*> 1881 . 1,000
720,000
6
I. & J.
do
do
July 1, 1901
Dakota Central RR., 1st mort.................................
.... i
....
1.065,000
6
M. & 8.
do
Sept.
1,
1907
do
1st M., Southeast Div. (for $2,000,000).
.... )
1,000,000
....
6
M. & N.
do
do
Nov. I , 1907
Other small issues (see remarks below) ...............
.... .
1,041,000
do
do
Chicago Pekin dt¡ Southwestern—1st mortgage........
96 1871 * 1,000
1,000,000
7
1F. & A. N. Y „ Farm. L. & T. Co. Ang. 1, 1901
Chic.Portage & Superior—1st mort., gold..................
1881
1,000
6 g. J. & J.
New York.
(i)
Jan. 1,-1921
Chicago Rock Islands Pac.—St’ok (for $50,000,000) 1,3*81
___
100 41,960,000
1%
Q .-F . New York, Co.’s Office. May 1, 1883
1st mortgage, coup, or reg..................................... 636 1877 l.OOO&o 12,500,000
6
J. <fc J.
do
do
July 1, 1917
Chio.& 8outhw., 1st M.g. (g’d is cur. by C.R.I.&P.) 271 1869 100 &c.
5,000,000
7
M. & N.
do
do
Nov., 1899
Chicago Si. Louis dt Piltsb.—Common stock.............. 580
.... '
10O 10,000,00 »
Preferred stock (6 per cent cumulative)________
580
. . . . 'i
100 17,532,690
1st mortgage, gold ($22,000,000)................. ......... 580 1883:' 1,000 16,500,000
5 g. A. & O. New York. 66 Br’dwav. April 1, 1932
1st M. Chic. & G’t East. (Chio. to Logansport)___ l l v
....
....
224,000
7
Various N Y., Union Trusr. Co.
1893 & ’95
do CÓ1. & Ind’polis Cent. (Col. to Ind’s, Ind.).. j 208 1864
....
2,632,000
7
J. & J. N. Y.j St. Nidi. Nat. Bk. Nov., 1904
do Union & Logansp’t (U’n City to Logansp’t)!
93 1865
....
715,000
7
A. & 0. N. Y., Union Trust Co.
Deo.,
1905
do Tol. Logansp’t & Burl.(Logansp. to 111, line)* Ö1
....
. ....
510.500
7
F. & A. N. Y., St. Nioh. Nat. Bk. Feb., 1884
1879-80.
1880-81.
1881-82.
18S2-83. rate per ton per mile deoreasel from 1-28 cents to 1-11 cents. The gross
$
$
$
$
earnings from freight transportation decreased 8-6 per oent. The
Interest on debt.
3,322,015 3,647,897
3,999,208
4,288,633 mileage, earnings, <so., have been as follows for five years oa st:
D ividends.......... 2,405,521
2-,420,273
2,586,637
2,890,337
„ .
1879-80.
1880-81.
1381-82.
1882-83.
Rate on p r e f.......
7
7
7 3i
8
Miles owned «fcoper..
1,311
1,353
l,3 s l
1,331
Rate on common.
6
6
7
Earnings—
$
$
$
$
Miscellaneous___
107,562
98,120
98,120
98,120 Passenger................ 2,318,452
2,500,135
2,853,331 3,333,069
F r e ig h t .................. 8,035,165
8,690,480 9,687,097 7,928,236
Tot.disb’rsem’ts 7,243,101 7,551,022
8.253,583
8,818,038 Mail,express,r’nta,&o
708, »45
766;292
726 215
928,598
Balance,surplus. 1,674.649 1,357.229
2,791,439
1,161,281
Total
cross
eam
’gs.
11,081,661
11,956.907
13.266,643
12,189,903
GENERAL BALANCE AT CLOSE OP EACH FISCAL YEAR.
Total........... ......... 5,796,541
6,630,156 7,32z,862
7,’ l0 9 .8 l7
Assets.
1880-81.
1881-82.
1882-83.
Chic. & N. W .—Road & equip.. $74,120.342 $76,739,549 $8( *,420,032
5,943,781
5,080,086
Other companies
do
48,311.241
54,679,521
55,668,872 Net earnings............. 5,26'• ,121 5,326.751
52-40
55 45
55-20
58 33
Real estate in Chicago............
200,000
200,000
200,000 P.o of op. ex. to earn.
INCOME ACCOUNT.
Des Moines & Minn. RR . . . . . .
363,809
5 ............
Bonds owned...........................
JL,233,235
865,819 *2,913,219
5,326,751
5,943,781 5,0^),086
Bills and accounts receivable.
1,125,779
1.2 <2,033
1,245,918 Net earnings............. 5,265,121
.........
37,277
13,208
............
1,255,098
2.291,340
2,526,482 Miscellaneous............ '
Materials, fuel, &o...................
350,000
490,000
650,000
560,00*0
Cash on hand..............
1,977,865
1,760,603
2,710,498 From land departm’t
Trustees’ sinking fu n d ............
1,117,000
1,321,000
1,525,000
Total inoome....... 5,615,121
5,854,028
6,606,989 5,640,086
Disbursements—
$
$
$
$
Total..........
............. $129,704,369 $139,139,871 $147,210,021
Rentals paid........ .
135,037
322,137
327,593
304,363
Liabilities.
1,078,110
949,700
950,000
950,000
Interest
on
d
e
b
t.......
Stock, common t . . . . . . ___. . . . $15,093,488 $15,095,924 $16,229,916
............ 2,097,988
2,727,387 2,937,186
2,937,185
•Stock, preferred t....................
21,650,783
22,153,119
22,323,190 Dividends.....
per oent............
10
7*4
7
7
Stocks of propriet’ry roads,&c
21,244,650
22.883,150
2 i,483,400 Rate
M
i
s
c
e
l
l
a
n
e
o
u
s
.
............
............
125,327
147.595
Bonds t (See Supplement) ___
57,006,000
64,248,000
69,821,000 Add. and imp. acc’t.......................
2,285,000 2,215,000
1,300,000
Bonds purchased.......... ...........
363.000
366.000
460,000
Divid’ds declared, not yet due
831.481
971.185
1,02 1,406 Total disbursements. 3,311,135
6,284,224 6,555,106 5,639,143
.Sinking funds p a id ..................
1,117,000
1,321,000
1,525,000 Balance, surplus___ 2,303,986 def.430.196
51,883
943
Real estate, mortgages, & o.. . .
482,766
404,774
The report of the Land Commissioner says that the sales by warranty
Current bills, pay-rolls. &o___
2,529,390
2,141,311
1,965,653 deeds
or
contracts
to
convey
by
warranty
in
1882-3
amounted
to
27,306
Uncolleoted coupons, & c........
63,786
74,829
82,668
The consideration, paid or scoured, was $278,513, the average
Rentals of roads m la., not due
272,232
439.935
530,364 acres.
prioe being, therefore, nearly $10 20 per acre. The bills receivable have
General consol, bonds unsold.
530.000
407.000
284.000 decreased
from $1,590,634 to $1,403,483 during the year. The amount
Note of Consol. Coal C o ..........
300.000
for interest, <fcc , has been $90,415. The land office has remitted
Land incom e.........................
303,046
689,534
1,033,565 reoeived
during the year to the Treasurer of the company at Mew York the sum o f
Accrued interest not d u e .......
675,430
675,430
675,305 $560,000 from its net receipts. The unsold lands of the company com­
Miscellaneous......... ......... .......
17,329
4,098
66,601
only about 34,750 acres. (V. 35, p. 2 0 ; V. 36, p 365, 560, 651,
Balance income account........
7,533,987
7,264,582
8,425.863 prise
730.)
Total...................................$129,704,369 $139,139,871 $147,210,021
* Consol, sinking fund bonds, $554,000 ; general oonsol. gold bonds,
$284,000; Northwestern Union 1st mort. $1,000; bonds of sundry pro­
prietary roads, $2,074,219.
f Including bonds in sinking funds.
fNot including amount in company’s treasury.
—(V. 35, p. 1 8 7 ,2 6 5 ,2 9 1 .2 9 7 . 347, 374.405,431, 478, 577,677; V.
36, p. 183, 365,453,651, 675 ; V. 37, p. 1 7 4 )
Chicago Pekin <6Soulhweslet'n.—July 1,1882. operated from Pekin, 111.
to Mazon Bridge, 111., 91 miles, of which 6 miles leased. Chartered in
1859 and opened in 1876. Reoeiver appointed in June, 1877. Sold
under foreclosure of second mortgage May 31.1881, and to bo reorgan­
ized. For year 1881-82 gross earnings were $366,003; net, $120,892
In February, 1882, A, H. Crooker was appointed Receiver. (V 32 n
312, 526, S12, 658, 685; V. 33, p. 124, 328, 587; V. 34. p. 264.)
Chicago Portage <6 Superior.—>This road is projected from Chicago to
Superior, about 407 miles, \Vith a land grant in Wisconsin under ohapter
126 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 Cliioago St
Paul & Minneapolis or Chicago Rook Island & Pacifio parties. See
references. Wm. H. Schofield, President, New York. (V. 32. d. 636 • v
33, p. 467; V. 34, p, 114, 145, 203, 548.)
Chicago Rock Island A Pacific.—Maroh 31,1 8 83 , owned from Chicago
to Council Bluffs, 500 miles; Davenport. Iowa, to Atchison, Kan., 34 5 •
Atchison Junction to Leavenworth, Kan., 21-5; Washington, Iowa to
Knoxville, 77*5 ; South Englewood to South Chicago, 7*5 ; Wilton’ to
Muscatine, 12-5; Newton to Munroe, 1 7-5 ; Des Moines to Iudianolaand
Winterset, 48 1 ; Menlo to Guthrie Centre, 1 4 -6 ; Atlantic to Audubon
25-5; Atlantio to Griswold. 14*9} Avoca to Harlan, 12; Avoca to Carson, 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, 162. Total operated, 1,381 miles. This company includes the
former Mississippi & Missouri Railroad of Iowa, which was foreclosed
under mortgage m 1866. The Illinois and Iowa roads were consolidated
August 22,1866, under the present title, and the main line was extended
to Council Bluffs June, 1869. The Iowa Southern & Missouri Northern
was formerly the Chicago & Southwestern, and was foreclosed and pur­
chased by this company, and consolidated June, 1880. The present
Chic. R. I. & Pacific was a consolidation June 4 ,1 8 8 0 , with $50,000,000
stock authorized, and a scrip dividend of 100 per cent to the holders of
Chic, R. I. & P. stock. The fisoal year ends March 31, and the annual re­
port for 1882-3 was in Ch ronicle , V. 36, p. 730. As compared with the
previous year, the movement of passengers one mile increased 16-89 p.ot.
The gross earnings from passenger transportation increased 16-81 per
cent. The average tonnage movement decreased 8 per cent. The




Chicago St. Louts <& Pittsburg—Deo. 31,1882, mileage was as follows :
Columbus, O., to Indianapolis, Ind., 187miles; branohes-rBradford June.,
O., to Chicago, 111., 231 miles; Richmond, Ind., to Anoka Juno., Ind., 102
miles; Peoria Junction, Ind., to 111. State Line, 61 miles: total operated,
582 miles. This is the reorganization (Maroh 20,1883,) of the Columbus
Chicago & Indiana Central road, sold io foreclosure on Jan. I I , 1883.
The C. C. & I. C. company was formed Feb. 12,1868, by consolidation of
the Col. <fc Ind. Cen. and Chio. & Gt. East, railroad companies, and was
leased to the Pitts. Cin. & St. Louis Railway Co. Feb. 1,1869, by which
oompany it has been operated, under direction of the U. S. Circuit
Court, for account of receivers of the Col. Chio. & Iud. C. Railway
Co. The lease stipulated that the lessees should maintain the road and
equipment, operate it, and pay over to the lessors 30 per oent of the
gross earnings. Also, that the rental should always be equal to the inter­
est on $15,000,000 first mortgage bonds of the C. C_ & I. C. Railway
Company, and $821,000 of the second mortgage bonds of the Col. &
Ind. Railroad Company. The plan of settlement with the Penn. RR was
approved by a minority of bondholders. This provided that the consoli­
dated mortgage of the Col. Chic. & 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 capital of $10,000,000 in common stock
and $20,000,000 in preferred stock, the latter to be entitled to dividends,
if earned, at the rate of 6 per cent per annum, 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,
In gold coin, with interest at the rate of five per cent per annum, &c.
Common stock of the old company was assessed $5 per share cash, and
one 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 Chron Gle , V. 36, p. 509. Operations and earnings for five years past were :
Passenger
Freight (ton)
Gross
Net
Mileage.
Mileage.
Earnings. Earnings.
Years.
Miles.
32,132,185
305,019,182 $3,433,665 $411,514
1878
. 581
33.967,484
402,856,462
------------- ‘ 756.300
---------3,911,261
1879
. 580
41,432,531
441,353,949
1880
. 581
4,795,771
726,260
43,407,476
542,045,108
4,953,722
1881........... 581
641,053
1«82............ 581
5,122,943
703,584
-(V. 34, p. 176, 204, 604,636 ; V. 35, p. 189, 347, 431, 574, 705 ; V. 36,
p. 55, 139, .51, 339, 453, 509.)
Chicago St. Paul Minn. & Omaha.—The mileage Dec. 31, 1882, was
s follows: Eastern Division—Eiroy to St. Paul, 198 miles; River
Falls Branoh, 12 miles; Stillwater Branoh, 4 m ues; 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, lO miles. Northern Division—North Wisconsin Junotion to

K A iL K O A D

August, 1883.J

STO CK S

AND

BON DS.

XXV11

Subscribers w ill confer a great favor by giv in g im m ediate notice o f any error discovered in these T ables.
Bonds—PrineK
INTEREST OR DIVIDENDS.
DESCRIPTION.
pal,When Due,
Miles Date Size, or
Amount Rate per When
of
of
par
Where Payable and by Stocks—Last
For explanation of column headings, &c., see notes
Road. Bonds Value. Outstanding Cent. Pay’ ble
Dividend.
Whom.
on first page of tables.
Chicago St. Louis dbPittsburg—( Continued) —
1st M.,Col.& Ind. coin.,lst&2dpf.(Col. to U’n City) 102
do Cinn. & Chic. Air Line(Richm’d to Logans.) 107
2d M. Col. & Tnd’polis Cent. (Cov. to Union City).. 208
Chic. St. Paul Min'polis db Omaha—Common stock.. 1.003
Preferred stock.......................................................... 1.003
Consol, mortgage (for $30,900,000).......................
Chic. St. Paul & Minn., 1st mort., gold, coup........ Ì77
North Wisconsin, 1st mortgage............................... 120
St. P. & Sioux City, mort., g51d,for $7,000,000---- 605
23
St. Paul Stillwater & Taylors’ Falls, 1st mort.......
12
Hudson & River Falls. 1st mort..............................
Minneapolis East RR., 1st mort., guaranteed.......
23
Chicago 16 West. Indiana—1st mortgage....................
General mortgage, gold ( for $10,000,000)............
Chicago db West Michigan—Stock, n e w ..................... 367
1st mortgage, New Buff, to St. J o.........................
35
Gr. Rap. Newaygo & Lake Sh., 1st mort. coup---46
do
2d M. on 35 m. & 1st on 11 m., coup
General mortgage ($12,000 per mile).....................
Cincinnati db Eastern—1st mort. (for $2.000,000)...
35
Cin. Georgetown db Portsmouth.—Stock ($11,667 pf.)
60
Cincinnati Hamilton db Dayton—Stock.....................
60
60
2a mort. (now 1st)....................................................
60
Consol, mort. ($996,000 are 7s), sink, fund 1 p. c
98
Cin. Ham. & I. (Junction) RR., 1st mort., guar—
Cincinnati Indianap. St. Louis db Chicago—Stock.. 342
90
Ind. & Cin. of 1858,1st mort.............................
Indianapolis Cin. & Laf. m ortgage......................... 151
20
Cin. & Ind., 1st mortgage............. .........................
20
do
2d M., guar., and funded coupons—
1st mart., Cin. Ind. St. L. & Chic, (for $7,500,000) 194
56
Cincinnati Lafayette & Chicago, 1st mort., gold ..
148
Cincinnati db Muskingum Valley—1st mortgage—
336
Cincinnati New Orleans db Texas Pacific—Stòck.......

1863
1864
1880
1878
1880
1879
1878
1878
1879
1879
1882
1869
1871
1875
1881
___

1865
1875
1873
...
1858
1867
1862
1867
1880
1871
1870

$372,000
113,000
821,000
20,015,800
ib o
100 11,900,900
9.520,000
1.000
3,000,000
500 &c.
800,000
1,000
6,080,000
1,000
334,800
125.000
75,000
•3,300,000
7,200,000
1,000
6,796,800
480.000
1,000
576,000
1,000
30.500
500 &c.
2,001,000
1,000
493,200
125,117
3,500,000
Too
347,900
465,000
1.000
2,450,000
1,000
1,800,000
1,000
8,000,000
100
1,600,000
500 &c.
2,790,000
1,000
499,000
1,000
1,330,000
1.000
1,188,000
1,000
1,120,000
1,000
1,000
1,500.000
100
3,000,000
$ ....
___

Cable, 120; Superior City Bridge, 62 miles. St. Paul Division—St. Pau1
to St. James, 122; Lake Crystal to Elmore, 44. Sioux City Division—
St. James to Sioux City, 148; Sioux Palls Branch, 98; Black Hills
Branch, 44; Bock River Branch. 28. Nebraska Division—Covington to
Omaha, 126; Niobrara Branch, 16; Missouri River transfer, 2 miles;
Norfolk Branch to Emerson. 46 jniles. Total owned. 1,115 miles. Pro­
prietary roads, 35 miles. Total of all, 1,150 miles. This was a consoli­
dation Jfily, 1880, of the Chicago St. Paul & Minneapolis (formerly West
Wisconsin), the North Wisconsin, and the St. Paul & Sioux City. See
statement in Y. 30, p. 675.
The Chic. St. Paul & Minneapolis l st mort.is a 2d on the lands; the
land mort. a 2d on road; but no foreclosure can be had except by de­
fault on 1st mort. The North Wisconsin was in progress from Lake St.
Croix to Bayfield, Wis., 165 miles. The St. Paul & Sioux City was a
consolidation in August, 1879, of the St. Paul & Sioux City and the
Sioux City & St. Paul, forming a main line from St. Paul to Sioux City.
270 miles. The St. Paul Stillwater & Taylor’s Falls was consolidated
with this company; also the Worthington Sioux Falls & Iowa and Cov­
ington & Black Hills. Preferred stock has a prior right to non-cumulative dividend of 7 per cent from net earnings; but common is never
to receive more than is paid on preferred.
In December, 1882, a controlling interest in the stock was purchased
for the Chicago & Northwestern Railway.
Report for 1882 in Chronicle , Y. 37, p. 126. Earnings, &e., as follows
1881.
1882.
Miles owned and operated.......................
1,003
1,150
Earnings—
Passenger..................................................
$944,329
$1.311,217
Freight....................
2,913,521
3,478,621
Mail, express, & o . i . . . . . . ........................
161,111
172,361
Total gross earnings............................ $4,021,961
INCOME ACCOUNT.

Receipts—
Net earnings................................
Net from land grants..................................
Other receipts........................

1881.
$1,245,499
504,144
78,oS5

Total income....................................... $1,828,228
Disbursem enti—
Rentals p a id ..,............................................
$53,059
Interest on debt...............................................
893,536
Divi lends on preferred stock........................
672,737
Rate of dividend .............................................
(7)

$1,962,202
1882.
$1,721,415
546,825
644
$2,268,884
$27,736
1,014,530
735,397
* (7)

Total disbursements................ ........... $1.619,332
$1,777,663
Balance surplus.......................... ............
$208,896
$491,221
—(V. 34, p. 315, 344, 4 8 6 , 548, 549. 663; Y. 35, p. 213, 265, 297, 372,
601, 737; V. 36, p. 651; V. 37, p. 9 >, 1 2 6 )
Chicago db 1\est. Indiana—Owns from Dolton and Hammond, 111., to
Chicago, with a belt railroad and branches, with warehouses, elevator,
Ace., 114 miles of track in all, and about 400 acres of real estate.
Opened May, 1880, and leases road for right of way into Chicago to the
Wabash, the Grand Trunk of Canada, the Chicago & Eastern Illinois,
the Chic. & Atlantic and Louisville New Albany & Chicago roads; the
annual rental“ amount to $762,650, exceeding the interest charge by
$132,650. StocK was $500,000, 'but in February, 1882, a consolidation
was made with stock of $5,000.000 and bonds limited to $10,000,000:
the general mortgage bonds are liable to be redeemed after 1885 at
105 by a sinking fund. (V. 34, p. 176. 291: Y. 35, p. 456.)
Chicago db West Michigan.—Dec. 31, 1882, owned from Lacrosse,
Michigan, to Pentwater, Mich., 209 miles; branches—Holland Junction
to Allegan, -23 miles; Holland to White Cloud, 70 miles; Fruitport to
Muskegon, 10 miles; Kirk’s June, to Pickand’s June., 3 miles: Mus­
kegon to Port Sherman. 6 miles; 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 & Michigan
Lake Shore Jan. 1, 1879, and consolidated in Sept., 1881, with
the Grand Haven road, 57 miles, Muskegon to Allegan, and the Grand
Rap. Newaygo & Lake Shore, 46 miles, from Grand Rapids to White
Cloud. The aunual report in V. 36, p. 425, gives a good account of
+he company’s progress. In 1882 gross earnings were $1,503,433; net,
$455,645. Earnings in 1881, $$1,325,052; net $270,072. (V. 34, p.
86, 522, 5 4 7 ; V. 35, p. 577; V. 36, p. 4 25.)
Cincinnati db Eastern.—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 L883. (See V. 36, p. 365; V.
37. p. 22.)
Cincinnati Georgetown db Portsmouth.—Owns from Columbia, O., to
Hamersville, O., 35 miles. Narrow gauge and bonded at $6,000 per
m ilo; bonds ottered in 1881 in Boston. Bonds, $10,000. Earnings in
1882, $33,272; surplus over interest, $3,402.
Cincinnati Hamilton db Dayton.—March 31, 1883, owned from Cin­
cinnati, O., to Dayton, O., 60 miles; leased—Dayton & Michigan, Dayton to Toledo, 142 miles; Cincinnati Hamilton & Ind., Hamilton to
Indianapolis, 99 miles; Cincinnati Richmond & Chicago, Hamilton, O.,
to Indiana State line (and leased road), 44 miles; MoCo nb Toledo &




7
7
7
"l%
6
6 g.
6
6 g»
7
8
7
6
6 g.
3
8
8
7
5

J. & J. N. Y., Union Trust Co.
Various
do
do
M. & N.
do
do

Deo., 1883
1886 to ’90
Nov., 1904

Q .-J .
New York, Office
J. & D. N. Y., 52 Wali Street,
M. & N.:
do
do
J. & J.
do
do
A. & O.
do
do
do
do
J. & J.
,T. & J.
do
do
do
do
J. & J.
M. & N. N. Y., Drexel, M. & Co.
M. & N. N. Y., 52 Wall Street.
Boston. M. & S. Bost.. Treasurer’s offioe.
J. & J. N. Y. Union Trust Co.
do
do
J. & D.
J. & D.
Sardinia, Ohio.

Julv 20, 1883
June 1. 1930
May 1, 1918
Jan. 1, 1930
April 1, 1919
Jân. 1, 1908
July 1, 1908
Jan. 1, 1909
Nov. L, 1909
Nov. 1, 1931
Feb. 15, 1883
Sent. 1889
July 1, 1891
June 1, 1905
1921

N. Y., Winslo w, L. & Co.
%
do
do
do
do
do
do
New York.
N. Y., Amer. Ex. Bank.
do
do
do
do
do
do
do
do
N. Y., Am. Es oh. N.Bk.
New York, Moran Bros.

Jan. 5, 1883
July 1, 1883
July 20,1885
Oót., 1905
Jan., 1903
April 16, 1883
April, 1888
Feb., -1897
Deo., 1892
Jan., 1897 ,’92
May 1, 1920
Moh., 1901
Jan., 1901
Feb. 5, 1833

A. & 0.
Q .-J .
J. & J.
A. & O.
J. & J.
Q .-J .
A. & O.
F. & A.
J. & D.
J. & J
6
M. & N.
7 g. M. & S.
7
J. & J.
3

ÉH
Ut
7
6 &7
7
1*2
7
7
7
7

D., 9 miles: total operated, 354 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 20,000 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 oent dividends
on those shares after the application of net earnings thereto. In
August, 1832, the issue of $1,000,000 preferred stock was voted for
improvements. Annual report for 1882-83 in V. 36. p. 705 and 730.
Income account for four years was as follows, including all the roads
operated:
1880-81.
1881-82.
1882-83. .
Gross receipts...................
$2,882,300 $2,961,446 $3,088,407
$1,895,300 $2,031,664 $2,014,907
Operating expenses..............
Taxes, &c........................................
80,022
83,002
85,119
Interest........................................
579,315
539,516
512,096
D. & M. dividends.........................
132,902
132,164
132,015
Sundries, profit and loss...............
3,7to
3,318
750
Other item s..............................
14,500
10,086
6,880
Total expenses and interest . $2,705,751

$2,799,750

$2,751,778

Net surplus............................... $176,554
$161,696
$336,629
—V. 35, p. 102, 211, 235, 297, 762; V. 36, p. 7 0 5 , 730.)
Cincinnati Indianapolis St. Louis db Chicago.—June 30, 1882, owned
from Cincinnati to Lafayette., Ind., 174 miles; Lawrenceburg branch,
2 miles; Harrison branch (partly owned), 7 miles; Fairland F. & M.
Road, 38 miles; and Cincinnati Lafayette & Chicago (leased), 75 miles ;
VeruonGreen. & Rush., 44 miles (leased); Kankakee & Seneca (onehalf owned), 42 miles; total operated, 382 miles. Formerly the
Indianapolis Cincinnati & Lafayette, which was a consolidation in
1876 of the Indianapolis & Cincinnati and the Lafayette & Indianap­
olis railroads, the company taking a perpetual lease of the Cincinnati
& Indiana Railroad. On August 1, 1876, a receiver was appointed
and the road was sold in foreclosure Feb. 2, 1880, and this company
organized. "Of the $7,500,000 new bonds $6,885,000 was reserved, into
which all of the old bonds prior to the Indianapolis Cin. & Laf. 7s of
1869 could be exchanged at par. In July, 1881, $2,000,000 new stock
was sold to stockholders at 70, and proceeds used to extinguish floating
debt ($1,060,000); also, $300,000 contributed towards a new line to
Seneca and balance used for other purposes. In June, 1882, another
issue of $1,000,000 new stock was voted. Annual report in V. 35, p. 346.
INCOME ACCOUNT.
1880-81.
1881-82.
Receipts—
$
2,525,991
2,365,058
Gross earnings___
1,000,609
961,490
Net earnings........ .
Disbursements—
$
6,732
6,894
Rentals paid........ .
591,326
565,909
Interest on bonds.
360,000
180,000
Dividends.............
41*2 p. e.
6 p . C.
Rate of dividends.
752,803
958,058
Total disbursements........ ........................... .
Balance, surplus.................... .............................
208,687
42,551
—(V. 34. p. 231, 378, 603,687,714, V. 35, p. 3 4 6 .5 1 5 ; V. 36, p. 29,195,
399. 426, 560.)
Cincinnati <£•Muskingum Valley.—Dec. 31,1882, owned from Morrow,
0 .,to Dresden Junction, O., 148 miles. Chartered as Cinn. Wilm. &Zanes.
in 1851 and opened in 1857. Sold under foreclosure Oct. 17,1863, and
reorganized as Cincinnati & Zanesville March 11, 1864. Sold again
Deo. 10,1869, and reorganized as at present. Leased for 99 years from
Jan. 1,1873, to P. C. & St. Louis, lessees to pay all expenses and inter­
est. any excess of earnings to inure to the lessors. Gross earnings in
1881, $395,321; net earnings, $20,275; In 188 2 gross $386,740; net
$88,864; interest paid, $105,000; deficit advanced by lessee, $18.135,
against $84,725 deficit in 1881. Capital stock, $3,997,320. (V. 32, p.
4 98.)
Cincinnati New Orleans <6 Texas Pacific—This is the oompany 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. & Texas Pacific Junction Co., Limited. The rental due the Cin.
Southern is $812,000 per year till 1886, then $912,000 till 1891,
$1,012,000 till 1896, $1,102,000 till 1901, and $1,262,000 till 1906.
For 1882, gross earnings, $2,570,057; net,' $991,131; rental, &c.,
$886, >78; surplus. $105,0 i3 ; dividend in Feb., 1883, $90,000. Theo.
Cook, President. (V. 34, p. 79, 479, 521; V. 36, p. 80, 365.)
Cincinnati Northern.—Dayton. O., to Cincinnati, 60 miles. Connect­
ing line of the Toledo Delphos & Burlington, and in March, 1883, con­
solidation with the Tol. Cinn. & St. Louis was voted. There are also
$1,000,090 of income bonds, and an authorized issue of $1,000,000
mortgage bonds on the Avondale branch, of whieh $700,000 are out­
standing. The coupons of 1st mort. bonds from Oct., 1882. to Sept., 1884,
inclusive, were to be funded into a 6 p."c. scrip. Stock, $1,000.000. Gross
earnings in 1881-82, $47,360. (V. 36, p. 108, 365, 399; V. 37, p. 176.)
Cincinnati Richmond db Chicago.—March 31, 1883, owned from
Hamilton, 0-, to Indiana State Line, 37 miles; leased, Richmond,
Ind., to Ohio State Line, 7 miles; total operated, 44 miles. Chariered as Eaton <Sp Hamilton in 1847 and opened in 1863. Reorganized

xxvin

R A I L R O A D "S T O C K S

A N D J^B O K D S.

V o u /x x x v il.

Snbscrlbers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in these Tables.
DESCRIPTION.
Ronds—Princi­
INTEREST OR DIVIDENDS.
pal, When Due*
Amount
For explanation of column headings, &c., see notes
When
I
Where
Payable,
and
by
Stocks—Last
Outstanding
on first page of tables.
Payable
Whom.
Dividend.
Cincinnati Northern.—1st, gold, mort°-a°'e.
$
1.000.000
A.
<
fe
O
N.
Y.,
Geo.
W.
Ballou.
Oct.
1, 1920
Cin. Richmond £ Chic.—1st mort., guar. 5. H & d ”
560.000
J. <fe J. N. Y ., Winslow, L. Co
July, 1895
2d mortgage, guar, and owned by C. H. & i>
65,000
J.
&
J.
do
do
Jan.
1,
1889
Cm. Richmond £ Ft. W.—1st mort., gold, guar.” ”
1.800,000
J, & D. N. Y., Winslow, L. & Co. .Tune. 1921
Cincinnati Sandusky £ Cleveland—Stock
.
4,015,750
Boston,
Office’
,
Dec.
1,
1882
Preferred stock.........................1...........
428,097
M.’& N .
do
do
May 1, 1883
Mortgage bonds, Sandusky, Dayton ’& Cincinnati
666.000
F. & A. Boston, Second Nat, Bk, Aug. 1, 1900
Mortgage bonds, Sandusky City & Ind
350.000
M. <fe S.
Boston. Office.
Sept. 1, 1897
^ 2d mortg. Cine., Sandusky & Cleve.......
1.072,300
J. & D. Boston, Second Nat.Bk, Dec. 1. 1890
Cincinnati £ Springfield-—1st mortgage, guar *
2, 000,000
A. & O. N. Y., U. S. Trust Co.
April 1, 1901
2d mortgage..........................
° ’s
.........
651.000
J. & J.
do
do
1902
Cincinnati Wabash £ M ichigan^toeik ($3,000,006)
1.944,500
Cincinnati Washington £ Salt.—Common stock ....
. Preferred stock........... . .......
1st m ortgage............. ................................................
4*a & 6 M. & N.
1931
The Mar.
2d mortgage....................
5
J. & J.
1931
& Cin. j
3d mort. (3 per cent for 10 years and 4 after).......
3-4
F. & A.
1931
is m pro-<
1st .income mort., non-cumulative..........................
cess of
1931
2d income mort., non-cumulative..........................
1931
reorgani­
Baltimore Short Line mortgage..............................
J. & D.
zation.
1904
Cincinnati & Baltimore mortgage..........................
7
J. & J.
1900
Scioto & Hocking Valley mortgage........................
7
M.Æ N.
Nov. 1, 1883
Cleveland A kron £ Columbus—Stock........................
4.000. 000
Cleveland Columbus Cincinnati £ Ind.—Stock
14,991,600
* 2*
F. & A. N. Y., U. S. Trust Co. Feb. 1, 1883
1st mortgage Bel. & Ind........................................ .*
367.000
7
J. & J.
do
do
Until 1899
~ do
C. C., C. & I. sinking fu n d .......___
3.000.
000 7
M. & N.
do
do
May, 1899
Cons. M. for $7,500,000 (sink, fund 1 pi. o.)..........
2.948.000 7 or 6 g. J. & D. New York or London. June 1,1914
Cleveland £ Mahoning Valley—Stock.........................
2,759,200
3*3 M. & N.
Cleveland, Office.
(1 )
1st mortgage, extended........ ...............................
740,500
F. & A. N. Y., U. S. Trust Co.
Aug. 1, 1893
3d mortg. (now 2d)....................... ................ .
654,600
M. & S.
Sept. 15,1896
Niles & New Lisbon, 1st mortgage.....................
500.000
7
J. & J. N, Y., Union Trust Co.
Jan., 1890
Cleveland £ Marietta.—Stock........'........................
1.547.000
1st mortgage..........................................................
1. 000 . 000
7
F.
&
A.
Aug.
1, 1905
Cleveland £ Pittsburg—Guaranteed stock............
11 , 221,100
1%
Q .-M . N. Y., Farm. L. & T. Co. Sept. 1, 1883
. 4th mortgage (now 1st)........’............................
1.096.000
6
J. & J.
do
do
Jan.,
1892
: Consolidated sinking fund mort. for $5.000.000
2.491.000
7
M. & N.
do
do
Nov. 1, 1900
May 3, 1866, and leased in perpetuity from February, 1869, to C. H. & 82, $469 929 ; net, $77,214. (V. 33, p. 124, 225, 468, 588, 715; V. 34,
D. Co., the lessors to receive all surplus after expenses and bond interest. p. 408. 488, 574, 663.)
Gross earnings in 1882-33, $251,003; net, $109,844; interest liability,
$53,900; surplus, $55,944. Capital stock, $382,600; funded debt,
Cleveland Columbus Cincinnati £ Indianapolis.—Dec. 31, 1882,
$625,000; total (cost of property), $1,007,600.
owned from Cleveland, O., to Columbus, O., 138 miles; Gallon, O., to
Cincinnati Richmond £ Fart Wayne.—Dec. 31,1882, owned from Rich­ Indianapolis, Ind., 203 miles; Delaware, O., to Springfield, O., 50 miles;
mond, Ind., to Adams, Ind., 86 miles; leased, 8 miles of Pittsburg leased, Cincinnati & Springfield R R , 80 miles; Levering Station to
Fort Wayne & Chic.; total operated, 91 miles. Chartered in 1853 anti Mount Gilead, 2 miles; total operated, 473 miles. This was a consolidaopened m l8 6 6 . Leased for 99 years to Grand Rapids & Indiana; in- tmn m April, 1863, embracing the C. C. & C. and the Bellefontaine rail­
terest is guaranteed by tbe lessees and by the Pennsylvania Company roads. The company paid dividends prior to 1877, but after that the
and Cincinnati Hamilton & Dayton Company, jointly. Gross earnings large decline in rates for through freight and the heavy rentals paid
in 1882, $435,764; net, $122,092. Loss to guarantors, $45,4-“1. Capital reduced the company’s income so that no further dividends were paid
until Feb. 18S0. In Sept., 1831, consolidation with Cincinnati Hamilton
stock, $1,709,192. Total advances; by guarantors, $732,703.
l on, but not effected. See V. 33. p. 100. The sinking
Cincinnati Sandusky £ Cleveland.—June 30,1882, owned from San­ & Daytonvote
provision of consolidated bonds may be canceled at option of hold­
dusky, O., to Dayton, O., 154 miles; branch, Carey to Findlay, 16 miles; fund
ers.
Annual
reportfor
1882 in V. 36, p. 338, showed the following:
leased, Columbus Springfield & Cincinnati, 44 miles; total operated, 214
INCOME ACCOUNT.
miles, less the division between Springfield & Dayton, 24 miles, which is
leased to and operated by the Cleveland Columbus Cincinnati & Indian1879.
1880.
1881.
1882.
apohs. Six coupons on 2d mort. bonds were funded from June, 1877,
Receipts—
$
$
$
$
and $222,064 in coupon bond scrip is outstanding. The preferred stock Net earnings.
982,748
1,361,483
1,323,181
1,374,697
has a hen by deposit of old bonds in trust. The Receiver, after a
83,912
102.406
86,271
103,125
three years’ possession of the property. Was discharged January 1880. Miscellaneous.
19,750
123,405
32,240
91.305
In April, 1881, a lease was made to the Indiana Bloomington & Western.
By the terms of the lease this company takes 33*g per cent of its gross
Total income... . 1,086,410
1,587,294
1,441,692
3,572,127
earnings as rental; but the amount in any one year shall not be less
Disbursements—
than $220,000 nor more than $500,000. In Nov., 1882, a dividend Interest on debt__
425,180
440,492
475,218
493,615
of 2 per cent cash and 10 per cent in the stock of the Columbus Spring- Taxes .....................
117,014
118,188
112,688
121,276
field & Cincinnati RR. was declared. In 1882 rentals received and Dividends........ .
374,770
749,540
miscellaneous receipts were $364.059. Gross earnings prior to Miscellaneous........
47,864
16,437
268
12,313
1881 were as follows: 1876-77. $655,421; 1877-78, $647,202; 1878¡^ 9 , $655,300; 1879-80, $735,576. For 1880-81 the income account
Total
disbursem’ts.
964,828
1,324.657
588,174
632,204
was as follows
121,582
262,637
853,518
939,923
Gross earnings of road, 10
Expenses of operating__ $470,486 Balance, surplus
months............... ; .......... $649,114 Int. on bonds, scrip, & c... 181,906
The prices of stock have been :
Rental C.C.C.&I.,10mos . 81,097 Sinking fund trustees___ 10,181
1882.
1883.
1882.
1883.
Rental I. B. & W., 2 mos.. 36,666 Dividends on prof, stock. 25,731 Jan__ 84 - 78
9234- 72%
84 - 77
July..
7 5 V 69*4
Sale of supplies, Sloane
Rental C. S. & C., 10 mos. 66,666 Feb___ 8 2 --- 75*3
79 %- 68% Aug..
89 - 78
property, &e.................. 98,604 Settlement of claims........
133 March. 80 - 74
74%- 72*8 Sept.. 85 - 80%
.... - ....
April.. 77*3- 68
O ct... 86*8 - 80*3
79*8- 74
.... - ....
T o ta l............................$865,482
$755,105 May . . 76 - 6883
74%- 67% Nov..
. . . . • ....
85*3 - 707a
June .. 76 - 65*3
84 - 75
77%- 70% Dec..
.... - ....
/tt or,
00, ,
Bal.. dec. of floating debt.$110 ,376 —(V. 34, p. 115,176, 205, 264. 291,315 378. 435, 448, 4 4 8 , 521; V. 35,
—*(V. 32, p. 15, 334, 420; V. 34, p. 264, 4 8 5 , 601.)
p. 235. 297, 320, 658; V. 36, p. 285, 3 3 8 , 730.)
Cincinnati £ Springfield.—Dec. 31,1882, operated from Dayton, O.
Cleveland £ Mahoning Valley. -Deo. 31,1882, owned from Cleveland,
to Cincinnati, O., 80 miles, of which 24 miles were leased from Cincin­
nati San. & Clev. RR. The whole is leased and operated by Clev. Col. Cin. O., to Sharon. Pa., 81 miles; Niles, O., to New Lisbon, O., and branches,
& Ind. Co., giving them a line into Cincinnati, and depot accommoda­ 46 miles; total operated, 127 miles. Chartered in 1848 and opened in
tion. Lessees apply any excess over rentals to C. & S. stock. Interest 1851. It was leased to Atlantic & Great Western in perpetuity from
is guaranteed on the first mortgage, one-half by the lessees and one-lialf October 1,1861. A new lease was made to the reorganized company,
b y L. Shore & Mich. Southern. Stock is $1,100,000. To Januarv. 1882 New York Pennsylvania & Ohio, till Oct. 1, 1962, at $357,180 per
the C. C. C. & I. advanced $1,721,702.
J
’ year till January, 1886, and $412,000 p€r year afterward. (V. 32, p.
Cincinnati Wabash £ Michigan.—Dec. 31,1882, owned from Benton 333.)
Harbor, Mich., to Anderson, Ind., 165 miles. Road, opened in
Cleveland £ Marietta.—June 30,1882, operated from Marietta, O., to
Nov.j 1876. Transferred to trustees Jan. 1,1878, and sold Nov. 5,1879
to said trustees, for account of bondholders. New company organized Canal Dover and branch, 99 miles. This company was organized as
successor
of the Marietta Cleve. & Pitts., which was foreclosed June 13,
April, 1880, under name of Cincinnati Wabash & Michigan* Railway
Total stock authorized, $3,000,000. In August, 1882, consolidated 1877. Earnings for 1881-82. $208.585; net. $79.356. Earnings in
1882-83,
$197,466;
net, $47,337. (V. 34, p. 5 2 ; V. 36, p. 560.)
with the Elkhart Niles & Lake Michigan, making 165 miles in all. Earn­
ings for 1881, $240,639; net, $63,*86; gross in 1882, $290,920; net
Cleveland £ Pittsb.—Deo. 31,1882, owned from Cleveland, O., to Roch­
$79,589. (V. 32, p. 5 2 5 ; V. 34, p. 575; V. 35, p. 182, 291, 404, 487.) ’ ester, O., 124 miles; branches—Bayard, O., to New Philadelphia, 31
Cincinnati Washington £ Baltimore.—Reorganization in 1883 of the miles; Yellow Creek to Bellaire, 43 miles; leased, Rochester to Pittsburg
Marietta & Cin. RR., Cincinnati, O., to Main Line June., O.. 163 miles- (P. Ft. W. & C.), 26 miles; total operated, 226 miles. The property was
branches and extensions—Main Line Junction to Scott’s Landing, 31 leased for 999 years from Dec. 1,1871, to Penn. RR. Co., and lease trans:
miles; Marietta to Belpre, 11 miles; Portsmouth to Hamden, 55 miles- ferred to Penn. Co. May 1,1872. Rental, 7 per cent on existing capital
Blanohester to Hillsboro, 22 miles: Baltimore Short-Line, 30 miles; total and $10,000 per year for company expenses, the lessees assuming all lia­
operated, 312 miles. The M. & C. Co. made default, and the road was bilities. The terms of the lease were 10 per cent, but the old stock was
placed in the hands of Mr. John King, Jr., of the Baltimore & Ohio subsequently converted into a 7 per cent stock by an increase in amount.
June 27, 1877, and a foreclosure suit was begun. The plan for In 1882 surplus income over charges to lessee was $474,951. Opera­
reorganization was given in Chronicle, V. 31, p. 408, involving assess­ tions and earnings for five years past were as follow s:
ment on stock. The sale in foreclosure took place Deo. 9,1882, and the
Passenger Freight (ton)
Gross
Net
D iv .
purchasing committee bid $4,375,000. Re-organization was made Feb
Mileage.
Mileage.
Earnings. Earnings. p.C.
7,1883. under name of “ Cinn. Wash. & Balt.”. A full exhibit of the Years. ..Miles.
14,853,524
143,114,623
226
$2,272,167
$966,112 7
stocks and bonds of the present company will be furnished in the 1 878.... .. 226 16,624,524 164,675,804
1879....
2,418,516 1,151,780 7
Supplement as soon as the amounts outstanding are ascertained.
.. 226 18,083,711 172,535,850 2,699,290 1,275,488 7
For year ending June 30,1882, gross earnings were $1,729,352; net 183 0.... ..
881.... 226 2-2,265,486 211,190,606 3,112,021 1,507,131 7
$287,433. The gross earnings from July 1 to May 14 were $1,727,079 1
18-<2___ .. 226 23,234,059 215,901,749 3,353,363 1,734,467 7
in 188:-S3. Net earnings not reported. (V. 37, p. 74.)
—(V.
36, p. 79.)
Cleveland Akron £ Columbus.—Dec. 31,1882, owned from Hudson, O.,
to Columbus, O., 144 miles. Default was made July, 1874, by Cleve­
Cleveland Tuscarawas Val. £ Wheel.—Owns from Black River
land Meuut Vernon & Deleware. Foreclosure suit begun June, 1880, O., to West Wheeling, O., 158 miles. Chartered as Lake Shore &
and Mr. G. A. Jones, of Mount Vernon. O., appointed Receiver in Tus. Val. in 1870 and opened in 1873. Sold under foreclosure Jan. 26,
Sept., 1880. Sold in foreclosure August 20,1881, to H. W. Smithers, 1875, and reorganized under present title. In February, 1882, reoeiver
for $1,142,000, and new company under above name took possession was appointed in a suit of the Union Trust Co. of N. Y. under the mort­
Dec. 1, 1881. Road has no bonded debt. In March, 1882, .¿he decree of gage of 1878, and in Feb., 1883. the road was sold. Gross earnings in
foreclosure underwhich sale had been made was reversed, and road was 1880, $596,399; net, $214,303. In 1881, gross, $919,485; net, $349,863.
sold again June 7 for $1,150,000 to H. W. Smithers. J. M. Adams and J. Capital stock, $1.210,500. (V. (34, p. 231, 343; V 35, p. 705; V 36, p .
A. Horsey, representing the Holland boniholders. Earnings in 1881- 29, 169, 312, 358.)




S

A ugu st , 1883.]

R A IL R O A D

STO CK S

AND

BONDS.

XXIX

Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in these T ables.
Bond#—PiinoiINTEREST OR DIVIDENDS.
DESCRIPTION.
pal.When Due
Miles Date Size, or
Amount
Stocks—Last
Rate
per
When
Where
Payable,
and
by
of
Par
For explanation of column headings, &c., see notes of
Outstanding Cent. Payable
Dividend.
Whom.
.
Road. Bonds Value.
on first page of tables.
Clev.d Pittsb.—(Continued)—Const’n & equip’t bds
Oleve. Tuscar’s Val. <£- Wheeling—IstM ., (L.S.&T.Y.)
1st mortgage, new, prior lien...................................
2d mortgage, n e w ....................-................................
E. & B „ 1st mortgage...............................................
Cleveland Youngs, a P itts—IstM., g., for $1,600,000
Golebrookdale—1st mortgage......................................
Colorado Central—1st mortgage, new.......................
Columbia & Greenville—'Stem mort.,g’ld,coup. or reg
2d mortgage...............................................................
Columbia & Port Deposit—1st mortgage....................
Columbus Hocking Valley <£ Toledo—S tock ..............
Consol, mortgage, gold (for $14,500,000)........
1st mortgage, sinking fund bonds..........................
2d mortgage bonds..................................................
Columbus & Toledo, 1st mortgage coupon, s. f ___
do
2d mortgage coupon, s. f ___
Ohio & W. Va., 1st M. (s. f. $15,000 begins in ’86)
Columbus Springfield <6 Cincinnati—1st mort.......
Columlms <GWestern—1st mort. (end. by Cent. Ga.)
Columbus <6Xenia—Stock...........................................
1st mortgage.................. . . .............. ............... - .......
Concord—Stock........................................................
Concord & Claremont—Bonds.....................................
Concord <2 Portsmouth—Stock, guaranteed.............
Connecticut Central—lstm . for $400,000, cp. or reg.
Connecticut <£Passumpsic—Stock..............................
Mortgage bonds............: ............................ - - .........
Massawippi st’k, guar, same div. as Conn. & Pass.
do
bonds, guar, by Conn. & Pass...........
Newport & Richford bonds, guar, by C. & P ........
Connecticut River—Stock.............................................
Connecting (Phila.)—1st mortgage....................—
Consolidated RR. o f Vermont—1st mortgage............
Mortgage bonds.......................................................
Missisquoi Railroad bonds........................................

13
323
164
164
40
322
322
121
121
118
118
83
45
60
55
55
142
71
41
29
147
110
38
38
22
80
7
73

1873
1871
1878
1877
1872
1881
1868
1879
1881
1881
1868
1831
1867
1872
1875
1880
1879
1871
1881
I860
1874
1875
1873
1870
1881
1864
1883
1879
1871

$1,000
1,000

1,000
lOOi&c.
1,000
1,000
1,000
1,000
100
1,000
500 &c.
1.000
1,000
1,000
1.000
1,000
1.000
50
1,000
50
500 «fee.
100
500 &c.
100
100 &c.
100
1,000
1,000
100
1,000
100 &c.
500 «fee.

Cleveland Youngstown <£Pittsburg.—Narrow gauge road in progress
from Alliance, O., to Steubenville, O., about 100 miles, and 32 miles
branches, and crossing several narrow gauge roads. In June, 1882,
25 miles operated. Earnings in 1881-82, $42,082; net, $15,330. Henry
W. Ford, President, 5 Cortlandt St., New York. (V. 35, p. 456.)
Golebrookedale.—Nov. 30,1882, owned from Pottstown. Pa., to Barto,
Pa., 13 miles. Chartered in 1865 and onened in 1869. Leased for 20 years
from Jan. 1,1870, to Phila. & 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, $58,977; net earnings
(30 per cent rental), $17,693. Gross in 1881-82, $57,698: net, $17,309.
Capital stock, $297,215.
Columbia <& Greenville (S. C.)—Sept. 30, 1882, the company owned
from Columbia to Greenville, S. C., 143 miles; branches to Abbeville and
Anderson. 21 miles; total, 164 miles. Also owns Laurens RR., 31 miles;
and leases Blue Ridge RR., 32 miles, and Spartanburg Union & Col. RR.,
68 miles. Total operated, 296 miles. In 1878 a Receiver took possession
o f the Greenville & Columbia and the road was sold in foreclosure April
15,1880, and reorganization was made, with bonds as above; and pre-

$171,483; deficit in earnings to pay interest charges, $72,344. Six
per cent paid on pref. stock, Dec., 1882. (Y.33, p. 201, 468, 687; V. 35,
p. 404, 449, 7 3 5 ; V. 36, p. 251, 560.)
Colorado Central.- Dec. 31,1882, owned from Wyoming boundary line
to Denver, 132 miles; and operated 9 miles in Wyoming to Hazard Sta­
tion, and Julesburg to La Salle, 151 miles; total standard gauge owned,
and operated, 292 miles; Golden to Georgetown (u. g.) 28 miles, and
Forks of Creek to Central, 11 miles; total narrow-gauge, 39 miles; total
owned and operated, 330 miles. Chartered in 1865, and main line
opened in 1870. It is owned by the Union Pacific. The new mortgage
bond was issued to take up the old 8 per cent bonds, of which $87,000
are yet out. Stock, $6,230,300. Gross earnings in 1881, $1,313,924;
net, $603,940. In 1882, gross, $1,720,039; net, $680,165.
Columbia (¿Port Deposit.—Dec. 31, 1882, owned from Columbia, Pa. ¡to
Port Deposit, Md., 40 miles. Leased to and operated by Pennsylvania
RR. Co. Rental, net earnings. Net earnings in 1881, paid to lessors,
$39,777. Capital stock, $497,100; funded debt, $1,882,000, and float
ing debt, $594,195; total liabilities, $2,973,295. Cost of property,
$2,024,327.
Columbuk Hocking Valley <2 Toledo.—Dec. 31,1882, owned mam line
from Toledo to Pomeroy, 257 m iles; branches—Logan to Athens, 26;
Logan to Straitsville, 13; Straitsville to Nelsonville, 17; others, 11; total,
324 miles. This was a consolidation in July, 1881, of the Col. & Hock­
ing Valley, Columbus & Toledo, and Ohio & West Virginia. The stocks
of those companies were purchased and new consolidated stock for
$20,000,000 made, of which the above was issued. Of the consolidated
mortgage $6,500,000 is reserved to meet the prior liens. The Central
Trust Co. of New York is trustee. Annual xeport in Vol. 37. p. 150.
In 1881 the gross earnings were $2,519,750; net, $1,190,5b2, In 1882
gross earnings were $2,886,437 and net earnings $1,133,702. (V. 34,
p. 408; V. 35, 102,131, 213, 478, 486; V. 36, p. 251; V. 37, p. 150.)
Columbus Springfield <2 Cincinnati.—June 30,1882, owned from Col­
umbus, O., to Springfield, O., 44 miles. Leased to Ind. Bloom. & West.
May 1,1881, for 3313 per cent of gross earnings, with guarantee of
$80,000 as minimum. Of the excess over minimum, if any, on 33ig
basis, this company takes *5 and Cincinnati Sandusky & Cleveland 4B.
Capital stock, $1,000,000, and bonds, $1,000,000.
Columbus <2 Western— June 30,1882, owned from Opelika to Goodwater, Ala., 60 miles; operatesColumbus Branch of Western RR. of Ala.,
29 miles—total 89 miles. The Savannah & Memphis RR. was foreclosed
June 5,1880, and this Company organized. Extension was in progress
from Goodwater to Birmingham, Ala The bonds are endorsed by Cen.
RR. of Georgia. Earnings in 1881-82, $144,744; net. $20,609. Stock,
$1,750,000.
1
_
.
Columbus <2X enia—Dec. 31,1882, owned from Columbus, O., to Xenia,
O., 55 miles. Is operated as a division of the Little Miami, and is leased
for 99 years in connection with that road to the Pittsburg Cincinnati &
St. Lome, which pays 8 per cent on stock and provides for the bonds.
The lease is guaranteed by the Pennsylvania Railroad Company. The
Columbus & Xenia pays 8% per cent dividend per annum.
Concord.—March 31,1883, owned from Concord, N.H., to Nashua, N.H.,
35 miles; Manchester & North Weare, 19 miles; Hookset Branch, 7
miles; leased—Concord & Portsmouth, 41 miles; Suncook Valley, 20
miles; Nashua Acton & Boston, 20 miles; total operated, 142 miles.
Operations, earnings, and income over rentals, &c.. for 4 years past were:
Passenger Freight (ton)
Gross
Net Div.
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings, p. c.
1879- 80. .. 142 11.081,309 29,006^834
$870,088 $346,732 10
13,118,217
30*295,384 ------955,000
362,608 10
18808 1 ... 142
|
—. 31j976>137
1881- 8 2 . . . 142 21.499,671
1,258.419
471,208
430.317
1882- 83 ... 142
1,317,879
■—(V. 34, p. 315, 520, 6 0 3 ; V. 35, p. 160; V. 36. p. 560, 6 5 0 . 675.)
Concord <£ Claremont.—Mareh 31, 1882, owned from Concord to Clare­
mont, N. H., 56 miles; branch, Contoooookville to Hillsborough, N. H.,




$1,798,000
2,000,000
700.000
1.372.000
180.000
(1)
600,000
4.701.000
2,000,000
1, 000,000
1.882.000
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
2,244,400
1.500.000
400.000
400.000
350.000
2.370.000
991.000
7, 000,000
50,000
500.000

J. <& J.
A. & O.
A. & O.
J. & J.
7
M. & N.
7
6 g- J. <fc J.
J. & D.
6
v g. J. & J.
6 g. J. & J.
A. & O.
6
F. & A.
7
2^2
5 g. M. & S.
A. & O.
7
J. <fe J.
7
F. «& A.
7
M. & S.
7
M. & N.
7
M. & S.
7
J. & J.
7
Q.—M.
2
M. & S.
7
M. <fe N.
5
J. & J.
7
3*2 J. & J.
A. & O.
7
F. & A.
3
A. & O.
7
F. & A.
3
6 g. J. & J.
J. & J.
5
J. & J.
4
M. & S.
6
5
J. & J.
5
A. & O.
J. & J.
7

7
7
- 7

N. Y., Farm. L. &Tr. Co Jan. 1. 1913
N. Y „ Union Trust Co. Oct. 1, 1901
Oct. 1, 1898
do
do
April 1, 1907
May 1, 1892
N. Y., Central Trust Co. July 1, 1921
Phila., Phil. & R. Office. June 1, 1898
Boston, Treas.’s Office. July, 1909
N.Y., Nat. Park Bank. Jan. 1, 1916
April 1, 1926
do
do
Feb. 1, 1893
Phila., Penn. RR.
Jan. 10, 1883
N. Y., Winslow, L. & Co. Sept. 1, 1931
Oct. 1, 1897
do
do
Jan. 1, 1892
do
do
Aug. 1, 1905
do
do
Sept. 1, 1900
do
do
May 1, 1910
do
do
Bost.,3 Merchants’ Row Sept. 1, 1901
Jan. 1, 1911
N. Y., Nat. City B’k.
June 10,1883
Columbus Treasury.
N. Y:, Am. Exch. N. B’ k Sept. 1,1890
Bost. &Manchester,N.H. May 1, 1883
1394 .
Bost., Treasurer’s office
Bost. «^Manchester,N. H. July 2. 1883
Oct.
1, 1895
New York City.
Aug. 1, 1883
Boston, Office.
A
p
r
ill,
1893
do
Aug. 1, 1883
do
Jan. 1, 1890
do
Jau. 1, 1911
do
Boston, Bost.<& Alb. RR. July 2, 1883
Phila., Penn. RR. Office. 1900-’l - ’2-’3-’4
July 1, 1913
Boston Office.
Oct., 1909
St. Albans, W. C. Smith. Jan. 1, 1891

15 miles; total operated, 71 miles. Consolidation of several small roads
in 1873. Gross earnings in 1882-83, $153,259; net earnings, $44,103.
Capital stock, $410,900, and bonds, $500,000; total stock land bonds,
$910,000.
Original cost of property, $1,850,000. Floating debt,
$254,245. (V. 36, p. 675.)
Concord <&Portsmouth.—March 31,1883, owned from Portsmouth, N.
H., to Manchester, N. H., 40*2 miles. The road was sold to first mort­
gage bondholders in 1857, and leased to Concord RR. in 1858. 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, CW
to i-lass. State Line, 20 miles; branch from Melrose to West Street, Ct., 7
miles; total operated, 28 miles. Leased to NewYork & New England RR.
from June 1,1880. Capital stock, $448,500; funded debt, $325,000 (all
owned by New York <&New England Railroad); and bills, overdue com
pons, &c., $7,214. (V. 35, p. 574.)
Connecticut <6 Passumpsic.—June 30, 1882, owned from White River
Junction, Vt., to Canada Line, 110 miles; leased, Massawippi Valley
and branch (Canada), 37 miles; total operated, 147 miles. Chartered
in 1835. Completed in 1863. The lease of Massawippi Railroad is at
6 per cent on bonds and same dividends as are paid on the stock of the
lessee. Abstract of last report in V. 35, p. 347. Operations and earn­
ings for four years past were as follows:
Passenger Freight (ton) Gross
Not
Div.
Years.
Miles. Mileage.
Mileage. Earnings. Earnings, p.c.
1878-9 ..
147
4,400,575
8,574,448 $544,142 $219,695
3
18798 0 ... 147 6,174,878 13,670,452
657,547
226,139
3
188081. .. 147 6,117,700 19,726,662
774,146
311,165
5
1881- 8 2 ..
147 7,198,586 22,589,950
851,749
303 845
6
—(V. 33, p. 3 2 7 ; V. 35, p. 297, 3 41.)
Connecticut River.—Sept. 30,1882, owned from Springfield. Mass., to
South Vernon, Vt.* 50 miles; branches, 6 miles; leased Ashuelot RR.,
S. Vernon, Vt., to Keene. N. H., 24 miles; total operated, 80 miles.
Net income 1880-81, $236,051; 1881-82, $252,418. Pays 8 per cent
dividends on stock and has paid off all the funded debt. V. 35, p. 103,
5 7 7 .)
Connecting (Philadelphia).—Dec. 31,1882, owned from Mantua Junc­
tion to Frankford Junction, Pa., 7 miles. A connecting link in Phila­
delphia to the West and South. Operated by Pennsylvania Railroad.
Rental, 6 per cent on capital stock, $1,278,300; and funded debt, $991,000. The bonds are issued in series A B C and D, maturing respectively
in laOO-’l , ’2, ’3 and ’4.
Consolidated Railroad o f Vermont.—Road owned—Windsor, Vt., to
Burlington, Vt., 120 miles; Essex Junction to Rouse’s Point. 47; Essex
to Burlington, 8; Swanton to State line, 10. Leased—Addison RR., 16
miles; M ntpelier & White River RR., 8 ; Montreal & Vt. .Junction RR.,
26; Rutland RR., 120; Stan. S. & Ch. RR., 43 ; Vermont & Mass., 2 1 ;
New London No., 100; Brat. & Whitehall RR., 36. Total owned, leased
and operated. 555 miles.
'
This is the title of the new corporation formed on the reorganization of
the Central Vermont and Vermont «&Canada companies. The holders of
the first and second mortgage bonds filed articles of association with the
Secretary of State of Vermont on April 24, 1883, for organizing the new
companv. Preferred stock is $750,000. (See scheme ot reorganization
in VT 35, p. 125.) (V. 36, p. 479, 560, 623, 674.)
Connotton Valley.—Owns from Cleveland to Sherrodsville, 103 miles;
Canton to Coshocton, 55 ; Oneida to Minerva, 3; total, 161. In Feb.,
1882, the company became embarrassed and new arrangements were
made. The consol, mortgage was issued ($7,000,000 authorized) in two
series, of 5 and 6 per cent bonds, ouly different in that tlie first take 5
per cent until May, 1885, and then 6 per cent. All the old 7 per cents,
except $69,000. and all the Con. & Straitsville bonds, except $78,000,
had been retired up to Jone, 1883. Preferred stock issued is $885,850;
common stock, $5,009,000. Gross earnings, 1882, $231,640; net, $37,664. Miles operated, 125. In Nov., 1882, default was made on the
bonded interest. In February, 1883, subscriptions for $750,000 were
solicited. (V. 34, p. 264, 343, 435, 460, 574, 683; V. 35, p. 133, 313,
486, 515, 763; V. 36, p. 195, 312, 674; V. 37, p. 74, 99.)
Corning Cowanesque <2 Antrim.—Deo. 31,1882, owned from Corning,
N. Y., to Antrim, Pa., 53 miles; branch, Lawrenceville to Harrison
Valley, Pa., 32; total operated, 85 miles. Consolidation (Jan., 1873)
of the Blossburg & Coming RR. and the Wellsboro RR. J une 1,1874,.
the Cowanesque Valley RR. was absorbed. These lines are leased to and
operated by the Fall Brook Coal Co. Rental paid—7 per cent on bonds,
6 per cent on common stock and 7 per cent on preferred stock; divi­
dends paid quarterly, March 31, &c. Stock—common, $1,500,000, and
■preferred $500,000. The line of Reading and N. Y. Central will bp
over the road of this company, which jointly guarantees the bonds of
the jersey Shore Pine Creek & Buffalo road. Earnings in 188®, $571,537; net, $139,26 L. (V. 35. p. 235, 546.)
Cumberland <2Pennsylvania—Dee. 31,1882, owned from Cumberland,.
Md., t o Piedmont, Md., and several branches, 55 miles; almost all steel
rail. It is owned and operated by Consolidation Coal Company, which
guarantees second mortgage.

XXX

R A IL R O A D

STOCKS

ARD

BORDS.

[V o l . XXXVII.

Subscriber» w i ll confer a great favor by givin g im m ediate notice o f any error discovered In tliese Tables
DESCRIPTION.
INTEREST OR DIVIDENDS.
IBonds—Princi
Dab? Size, or
------ — ------------ 1 ■ ■■ ■■
pal, When DueAmount _
For explanation of column headings, &c., see notes of
Par Outstanding
of
Rate per When Where Payable and by Slocks -Last
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
Connotton Valley- -New consolidated mortgage ..
161 1882 $1,000 $5,594,000 5 & 6 M. & N.
Boston,
Co.’s
Office.
May
1, 1922
Coming Cowanesque <6 Antrim—1st mort., gold___
1,000
78 1375
225.000
J. & J. Phila. F. I. T. &S. D. Co July 1, 1885
Cumberland <£- Pennsylvania—1st mortgage
1,000
38 1866
803.500
M. & S. N.Y., Consol.Coal Office March 1,1891
Ï
*
2d mortgage, sinking fund, (guaranteed)3.. . . . . . . . .
1,000
38 1868
445.000
6
M. & N.
do
do
May 1, 1888
Cumberland, Valley—Stock ($484,900 is preferred)
50
125
1,777,850
2ia
Q .-J . Phila. and Carlisle. Pa. July 2, 1883
1st mortgage........................
52
500 &c.
161.000
A. <fc O. Phila., T. A. Biddle & Co. April 1, 1904
8
2d mortgage, sinking fund guaranteed..................
52
109.500
8
A. & O.
do
do
April 1, 1903
Common bonds.......7 ......
100 &o.
81,800
6
A. & O.
do
do
.Tan. 1, 1884
Danbury <£ Norwalk—Stock___
50
34
600,000
2ia Various New York and Danbury April 20, 1883
1st and 2d mortgages........
’70-’72
100
&c.
33
400.000
7
J. & J. N. Y., Nat. City Bank. 1920, '90, ’92
Consol idated mortgage. . . . .
1380
100.000
6
J. & J.
do
do
1920
Danv.Olneyd O.Riv.—1st (for $1.000,000) cp.or reg. 100 1880 500 &c.
801,000
7
J. & J. N. Y., Farm. L. ATr. Co. Jan. 1, 1910
Dayton <&Michigan—Com. stock (3iaguar.C.H.&D.) 141
50
2,402,573
1-86 A. & O. Cincinnati, C. H.& D.Co. April 1, 1883
Preferred stock, (8 percent, guar. C. H. & D .).
50
141 1871
1,211,250
2
Q .-J . N. Y., Winslow, L. & Co. April 4, 1883
2d mortgage..................
1,000
142 1867
426.000
7
M. & S.
do
do
Sept., 1884
3d mortgage.............................
1,000
142 1869
351.000
7
A. & O.
do
do
Oct., 1888
Consol, mortgage, guar, by C. H. & D ....................
1,000
142 1881
1.898.000
5
J. & J.
do
do
Jan.
1, 1911
Dayton & Union—list mortgage.................................
1,000
32 1879
225.000
7
J. & D. N.Y., Am.Exoh.Nat.Bk. Dec. 1, 1909
Incbme mortgage bonds.7. .7....................................
1,000
1879
. 173,000
6
J. & D.
After
1910
Dayton <&Western—1st M., guar. L. M. and C. & X .
1,000
41 1865
495.000
6 & 7 J. & J. N. Y., Am. Exeh. N. B’k Jan. 1, 1905
Delaware—Stock...........................................
25
85
1,497,215
3
J. <fc J.
Dover, Co.’s Offioe.
July
2,
1883
Mortgage bonds, convertible, guar. P. W. & B ___
1,000
85 1875
650.000
6
J. & J. Phil., Fid. I.T.&.8.D. Co. July 1, 1895
Delaware <£•Bound Brook—Stock, guaranteed.........
31
1.692.000
Q.—F.
13l
Philadelphia.
Feb.,
1883
1st mortgage.............................
1.500.000
27 1875
F. & A. Phila,.Guar.T.& S.D.Go. May, 1905
7
2d mortgage debenture bonds, reg.........................
192.000
6
M. & N.
Philadelphia.
Delaware Lackawanna t£ Western—iS tock..............
50 26,200,000
546
2
Q .-J .
New York, Offioe.
July 20i 1883
Consol, mort., on roads & equipm’t, ($10,000,000) 288 1877
3.067.000
7
M. & S.
do
do
Sept. 1,1907
Plain bonds.....................................................
1,000
1872
600.000
7
J. & D.
do
do
June, 1892
Lackawanna & Bloomsb., 1st mort. (extension)..
60 1859 100 &o.
370.900
7
ML & 8 ,
do
do
March,
1885
Denver <&New Orleans—1st mortgage........................
(?)
Denver <&Rio Grande—Stock___7......................
1,067
Too 33,000,000
“ lia
Q
.-j.
N.
Y.,
Company’s
Offioe.
Jan.
14,
1882
1st mort., gold, sinking fund.................................. 294 1870 500 «tec.
6,382,500
M. & N.
do
do
Nov. 1, 1900
1st consol, mortgage ($15,000 per mile)................
1880 500 &o. 18,740,500
J. & J.
do
do
Jan.
1,
1910
Car trusts (mature 10 per cent yearly........... .
3.613.000
7&6
Yearly.
Denv.dt R.Gr.West.—1st, g. ($16,000 p.in.),cp.or reg. 380 1881
1,000
6.157.000
6 g. M.’& 'S. N. Y., Co.’s Agenoy.
Sept. 1, 1911

IIS

Cumberland Valley.—Dee. 31,1882, owned from Harrisburg, Pa., to
Potomac River, Md., 82 miles; leased—Martinsburg & Potomac RR., 12
miles; Dillsburg & Mechanicsburg RR., 8 miles; Southern Pennsylvania
RR., 21 miles; Mont Alto RR., 18 miles, controlled; total controlled
and operated, 141miles. 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. Opera­
tions and earnings on the main line for three years past were as foil iws:
Passenger Freight (ton) Gross
Net
Div.p.c.—.
Years.
Miles. Mileage. Mileage. Earnings. Eara’gs. Pref. Com.
.. 1257,386,350 14,048,062 $536,945 $230,199 10
10
1880
10
1881 ........... 125 8,967,35718;361,654 622,538 220,429 10
1882
.. 125 9,708,700 23^210,726 689,305 229,452 10
10
—(V. 32, p. 3 11 ; V. 34, p. 3 7 6 ; V. 36, p. 304, 364.)
Danbury Norwalk.—Sept. 30,1882, owned from Danbury, Conn., to
Wilson Pt., South Norwalk, Conn., 26*2 miles; branches to Ridgefield
and Hawley ville, together 10 miles; total operated, 34 miles. Dividends
have been irregular. Operations and earnings for three years past were
as follows:
Passenger Freight (ton)
Gross
Net • Div.
Years.
Miles. Mileage.
Mileage.
Earnings. Earnings. p.o.
18798 0 .. 34
3,301,269 1,308,8^7
$184,407
$60,079
2Hs
1880- 81 .. 34
3,608,823 1,228,828
195,163
88,341
5
188182... 361a
3,698,860 1,330,145
200,993
72,990
5
—(V. 33, p. 559 ; V. 34, p. 176; V. 35, p. 237.)
Danville Olney & Ohio River.—This road is projected from Danville,
111., 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. & East. 111. leased.
Bonds offered in 1881 by R. M. Raven & Co., at par, with $500 stock
iven with each $1,000 bond. Stock authorized, $2,000,000 ; issued,
1,000,000. In Nov., 1882, company became embarrassed and receiver
appointed. (V. 35, p. 265, 266, 373, 538, 574,658 ; V. 36, p. 29, 80,510.)
I Dayton dt Michigan.—March 31, 1883, owned from Dayton, O., to
Toledo, O., 14:1 miles. Opened in 1862. Leased in perpetuity to the
Cincinnati Hamilton & Dayton. In March, 1881, v ote! to issue a 5 per
cent consol mortgage bond. Of the common stock$l,010,000 only is guar­
anteed 31a by C. H. D. Loss in 1830-81, $13,078. Gain. 1881-82,
$27,132; gain,-1882-83, $201,138. The lessees hold $1,398,100 of the
common stock. (V. 32,»p 312.)
Dayton dt Onion.—October, 1883, owned from Dodson,O.,to Union Cicy
Ind., 32 miles; leased Dayton to D oison, 15 miles; total opei'ted, 47
miles. The Greenville & Miami RR. was sold out Oot. 30,1872. ind re­
organized as now in Feb, 1862. Operated by trustees since Dec 1871.
stock, $86,300; funded debt, $399,200, and other liabilities,
$29,906; total, $515,406. Property aooount, $623,363. (V. 32, p. 69.i
Dayton <e Western.—Deo. 31, 1832, 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. & St. L
The lessees are virtual owners and are answerable for all obligations.
Delaware.—Oct. 31,1882, owned from Delaware Junction (P. W. & B.)
Del., to Delmar (Md. Line), 84 miles ; branches, 16 miles ; total operate i ’
100 miles, less two branches (15 miles) operated by the Dorchester &’
Delaware and Queen Anne & K. railroads. The Delaware Railroad was
opened 1855-1860, and is leased to the P. W. & B. Co. ; rental 30 per
cent of gross earnings, but stock must have 6 per cent. Gross earninirs
m
$428,747 ; net, $128,624. Gross in 1881-82. $595,078 ; net,
o4j p. 86.)
Delaware <£ Bound Brook.—December 31, 1882, owned from Bound
Brook (C. of N. J.) to Delaware River, 27 miles; branch, main line to
Trenton, 4 miles ; total operated, Sim iles. In connection with Central
o f New Jersey and North Pennsylvania forms, a line between New
■J’ot’h and Philadelphia. In May, 1879, the property was'leased for
990 years to the Philadelphia & 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
$326,331. (V. 32, p. 6 1 1 .)
.
’
Delaware Lackawanna & Western.—Deo. 31,1882, owned from Dela­
ware River (N. J. line) to New York State line. 115 miles; branches—
Scranton to Northumberland, 80 miles; Greenville to Winton, Pa.. 8
miles; to Storrs, 3 miles; Junction to Keyser Valley, Pa., 5 miles; leased
lines in New York—N. Y. Lack. & Western RR., 214 miles; Cayuga¡&
Susquehanna RR., 34 miles; Green RR. Smiles; Oswego & Syracuse
Railroad, 35 miles ; Utica Chenango & 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 & Binghamton, 31 miles; leased lines in New Jersey—
•Chester RR., 10 miles ; Morris & Essex, 118 miles ; Newark A Bloomfield,
4 taules; Warren RR. 18 miles; Sussex, 39 miles J Passaic & Del., 14;
ÎStair0'^ r?'^e<^’
uiiles. In 1832 tbe important connection to Buffalo,
*ne N. Y. Lack & West., was opened, and the road was leased by this
oompany. For the terms of leases, see remarks under the names of the
respective leased roads. The Lackawanna & Bloomsburg was oonsoli-

f




dated with this eompany June 19, 1873. The following is a synopsis of
the annual statements of the company for four years:
1879. . 1880.
1831.
1882.
$
$
$
Eam ’gs, receipts, coal, <fco.20,226,708 21,656,604 27,396,526 27,006.267
Operating expenses..........16,416,256 15,753,134 19,632,662 20,163,078
Net receipts.....................7 3,810 452 5,903,470 ”7/783,884 6,843,189
INCOME ACCOUNT.

^s
^
Q
............ 3,810,452 5,903,470 7,763,864 6,843,189
Net receipts .. .
Interest and rentals.......... 3,624,431 3,627,381 3,558,494 3’620,708
Balance, surplus....... ........
186,021 2,276,089 4,205,370 3,2227481
Dividends*...........................................
786,000 1,768,500 2,096,000
Balance after dividends..
186,021 1,490,089 2,436,870 1,126,481
In 1880 3 per cent; in 1881, 63* per cent; in 1882, 8.
—(V. 33, p. 73, 716; V. 34, p. 1 4 4 ; V. 36, p. 2 1 8 , 687.)
Denver
New Orleans—Projected from Denver, via Pueblo to the
Canadian River, 350 miles, and in 1882, Denver to Pueblo, 120 miles,
and 13 m les 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 $15,000,000. Ill 1883 the Construction Co. became embarrased and $2,286,000 bo ids 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 <£M o Grande(3 ft.)—(S e e M a p . p a g e x x x i .) - D e c . 31.1882,
owned from Denver City, Col., to Alamosa, Col., 251 miles; branches—
Pueblo, Col., to Canon City and Coal Mines, 44 miles; Cuohara, Col., to
El Moro, Col.. 45 miles; also lines to Leadville, Durango, Gunnison
City, Crested Butte, Redoliffe, Kokomo, Silver Cliff, and others, the
total operated Jan. 1,1883, aggregating 1,281 miles. On March 30,
1883, connection to Salt Lake was finished by the Denver & Rio Grande
Western, and that road leased, this oompany paying 40 per cent of gross
earnings as re ttal.
The trust deed of the consolidated mortgage is to Louis H. Meyer and
John A. Stewart, of New York, as trustees. The deed is to secure and
provide for an issue of bonds, the amount afloat at one time not to
exceed $30,000,000, of which $7,422,200 were to be used in retiring
prior issues, and the balance issued for the purpose of building ana
completing the extensions, and the bonds were issued at $15,000 per
mile. Of the consol, mort. $1,040,000 were exchanged for Arkansas
Division bonds held by trustees of the Colorado Coal & Iron Co.
The annual report for 1881 in the Chronicle , V. 36, p. 477, gives par­
ticulars of the financial condition, &o. The report of Mr. Palmer, Presi­
dent, had the following rem arks:
“ The operating expenses were 59*68 per cent of the gross receipts, but
this inoluded the rebuilding of eighty-one cars (at a oast of over $50 000),
w h i c h had been destroyed during this and previous years, as also the
substitution of steel for iron rails on forty miles of road south of
Pueblo.” * * *
‘ S nee the date of last report, your company has leased the road of
the Denver & Rio Grande Western Railroad Company for a term of
thirty years. Tue terms of the lease are, that your company pay the
lessor co mpany 40 per cent of the gross receipts of the leassd line, if
that sum is sufficient to pay the interest on its bonds. If not sufficient
to pay the interest, then your company guarantees payment of a sum
equal to six per oent on $ 16,0 90 per mile of finished road which has been
transferred to and accepted by your oompany for operation. Tne maxi­
mum amount of bonds guaranteed by the lease is $7,501,000 at 6 per
cent.” * * *
••The amount of interest for which your oompany will be responsible
under the lease when the line reaches Ogden will be about $400,000
per annum, which would require $1,000,000 gross earnings. It is not
unreasonable to expeot from the business done during the past five
months on 155 miles of detached line that the gross earnings o f the
whole line when put in operation will reaeh at least $1,500,000 per
annum.
Tue following Is a summary of the floating liabilities and assets on
Dec. 31, 1882:
Liabilities of all descriptions (as per general account).. . . . . $3,007,931
Against which there are assets as follows :
Cash, bills and current a ccou nts........................ $1,389,862
Advanced on Utah lines........................................... 135,095
Advauoedto Rio Grande West. Const. Co. (almost
entirely iv,paid since Jan. 1, 1833).................... 1,148,000
Securities on hand (market value)............. ..........
384,750— 3,352,707
Surplus assets.............................................
$ 744,776
'The company has, therefore, no flo vtln debt, and in addition
___ to
above surpim ai-ets nns materials, fuel, Ac., on hand, amounting by
actual val tat on to $1,024,251, making total available assets Dec. 31,
18£2, $1,319,026.”
luco me was as follows:

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xxxii

R A IL R O A D

S T O C K S .A N D

BON DS.

.

[Vol.

xxxvit .

Subscribers w ill confer a «rea l favor by g iv in g im m ediate notice o f any error discovered in tlie^e T ables.
DESCRIPTION.
Bond«—Princi­
INTEREST OR DIVIDENDS.'
Miles Date Size, or
pal,When Due.
. Amount
For explanation of column headings, &o., see notes of
of
Par
Rate per When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value. Outstanding
Cent. Payable
Whom.
Dividend.
Denver Smith Park <&Pacific—'■(took.............. .
212
....
$100 $5,292,800
4
New
York.
Aug.
15,1880
1st mortgage, gold, sinking fund.....................
*203 1876
1,000
1,800,000
7M & N. N. Y., London A Frankf’t May 1, 1905
Consol, inort. gold ($17,000 per mile)................ .
1880
—
1,000
1,534.000
.r.
6
g.
&
J.
N.
Y..
Co.’s
Agency.
Jan.
1, 1921
Denver West. <&Pac.—1st M., gold ($30,000 per m.j.
1,000
1881
1,000.000
J. & J.
New York.
Jan. 1, 1911
Des Moines <6Ft. Dodge—1st inort., coup..................
87 1874
1,000
1,200.000
6
J.
&
J.
N.
Y.,
Morton,
B.
ACo.
June
1, 1905
1st mortgage, incom e___. . . . ............'........ ] . ! ! " !
87 1874
1.000
1,200.000
6
J. & J.
do
do
June ij 1905
Mortgage on exten sion ............................. ! " . ! ! , ! .
56 1881
1,000
672.000
6
J.
A
J.
do
do
1905
Des Moines Osceola & Southern—1st M.($6,000p.m.) 300 1880
....
670,000
7
J. & J.
1896
Detroit Grand. Haven <£Milwaukee—S to ck ............... 18:)
....
100
1.500,09 >
4
1831
1st mortgage, guar., (for $2.000,000)........I I ! " ! " !
189 1878
1,000
1.750,000
6
A. A O. New York A London.
1918
Consolidated mortgage, guar. ...............111! 11111 189 1878 200 Ac.
3,200,000
5-6
A. & O.
do
do
1918
3d mortgage (Detroit A Pontiac RR.), Feb. ¿854. —
1854
1,000
250,000
8
F. A A . N.Y.,Canad’nB. of Com. Feb. 15, 1888
f,Detroit Hillsdale & S. TV.—Stock..................................
65
....
1,350,000
J.
A
J,
1*3
N.
Y.,
A
’inslow,
L.
A
Co.
July
5, 1883
r Detroit Lansing <&North.—Stock, common......... . ” .
22« ' - - - .
100
1,825,600
3
F. & A.
Boston.
Ang. 15, 1883
Preferred stock.___$ ....... .................................I! 11! 222
100
2,503,300
3<n F. A A.
Aug.
15,
1883
1st mortgage.......................
"
222 1877 500 Ao.
2,487,000
7
.1. A J. Boston, 2d Nat. Bank. Jan 1, 1907
Ionia A Lansing, 1st mort., coup., may be reg__
59 1869
1.000
770.000
8
r.
A ,1.
do
do
July 1, 1889
Detroit Mackinac <6Marquette—1st mortgage.......... 152 1882
1,000
2,280,000
6
A. & O. N. Y., Metrop. Nat. Bk. Oct." 1,’ 1921
Land grant bonds (income)........ ........................... I . . . . 1831
1,000
4,560 000
7
A. & O.
do
do
Oct. 1, 1911
........................
Income bonds.......... . : .................
1,000
1881
1,500,000
7
Of.t- 1 1^21
Saginaw & West, mortgage, guaranteed............... .
36 1883
l,ouO
432,00 )
6
J. A J.
July 1, 1913
Dubuque (&Dak.—1st- M., gold. gu. (payable at 10 M
b i 1879
1,000
630,000
.). A J. N.Y.,M.K.JesuD,P.A Co. Juiy 1. 1919
0
g•
Dubuque <6 Sioux City—Stock...................................... 143
....
100
5,000,000
3
A. A 0 N. Y.,M.K..Tesup,P.AOi>. April 16. 1883
1st raortffage, 2d division.............—......................
43 1864 500 &c.
586.000
7
J. A J . V.Y., Jesup.Paton A Co.
1894 i£
Duluth & Winnipeg—1st mortgage, gold, land grant .. . 1881
1,000 18,000p.m.
6 g. M. A N. N. Y., Central Trust Co. May 1, 1911
2d mortgage, in come.....................I ..........................
7,000 p.m.
Dunkirk Aliegh. Valley <£Pittsburg—1st mort., gold
90 1870
1,000
2,000,000
7 g. J. A D. N.Y., N. Y. Cent. A Hud. June, 18 i90
2d mortgage.......... .............................................. .
90 1870
1,000
1,000,000
7
A. A Odo
do
Oct. 1, 1890
3d mortgage........................... ......................... .......
90 1870
1,000
200,000
7
A. A O.
do
do
Oct. 1, 1890
Hast Broad Top.—1st mortgage, registered.............
30 1873
1,000
500.000
7
J. A ,T. Philadelp’a, Co.’s Office. July 1. 1903
East Pennsylvania—Stock..........................................
36
50
....
1,709,550
3
J. A J. Phila., by P. A R. RR. July 17, 1883
1st mortgage.................................. ...........................
36 1858 100 &o.
495,900
7
M. & S. Phila., P. A R. office.
Mar. 1, 1888
East Tennessee Virginia <£•Georgia—Common stock. 902
100 27,500,000
Preferred stock (6 per cent).............. ..................
100 16,500,000
Consol, mort.. gold (for $22,000,000).’ - - . ............... 1,123 1880
1.000 14,491,000
•5 ff. J. A J. N. Y. .Metropolitan N.Bk. July 1, 1930
Consol, m ort. “ Divisional” bonds . . .................
1,000
2.650, 00
' 5
J. A J.
do
do
July 1, 1930
1880.
1881.
1882.
- The annual report for 1882 had the follow ing:
Tot. miles oper’d at close of yr.
686
1/282 p p , ,
1.067
. .
- ,
1831.
1882.
Earnings—
$
$
$
Total gross earnings. . . . ...................................... $1,377,698
$1,597,142
Passenger............................
945,030
1,563.632
1,589,558 Total net income.......... ............... ....................... $446.912
$
171,507
Freight................................ ... 2,411,457
4,412,185
4,332,150
410,757
409,205
Mail,, express, A c................
121,579
348,998
403,237 Disbursements, including 7 per cent dlv..........
$36,155
$62,302
6,401,980 Balance, surplus. . ............. ..................................
3,821,123 —(V. 34, 4 0 6 ; V. 36, p. 3 6 4 , 674.)
Detroit Mackinac <& Marquette.—March 31, 188 \ owned from Straits
Net earnings.......................
2,583,857 of Mackinac to Marquette, 153 miles; branch projected to Sault St.
Marie, 48 miles. The stock was increased in 1883 to $10,000,000, in
INCOME ACCOUNT
$100 shares. The land bonds receive 25 per cent of net proceeds of
Receipts
land sales as their yearly income. Gross earnings in 1882, $243,514;
Total net in com e............... ... 1,730.768
2.624,764
2.620.628 net,
$42,715. Jas. McMillan, President; George I. Beney, director in
insbnrsemenis—
Interest on d e b t................ .. . 1,150,453
1,602,443 New York. (V. 37, p. 68.
1,199.541
Dubuque <£Dakota.—Dec. 31,1832, owned from Waverly to Hampton,
Taxes...................................
149,830
224,130
41 miles, and from Sumner. la., to Waverly, la, 23 miles. Built on the
Dividends............................
(6) 914,100
Miscellaneous.....................
246,512
19,607
73,876 old grading of the Iowa Pae. Dubuque & Sioux C. Co. guarantee the bonds
issued for const ruction to the extent of $10,000 per mile. Bonds may be
Total disbursements... .. 1,396.965
2,283,078
1,900,749 paid oft at any time at 105. Pref. stock $110,000 and ordinary stock
Balance, surplus..............
333 803
341,686
719,879 $156,600. Gross earnings in 1882, $81,958 ; net, $34,174. (V. 32,p. 69.)
—(V. 35, p. 78, 103, 182, 211, 213, 313, 339, 347. 430, 431 . 456. 478,
Dubuque & Sioux City.—Dec. 31, 1832 owned from Dubaque, Iowa, to
515, 545, 602, 625, 705, 737; V. 36, p. 110, 139, 169, 399, 4 T 7 : V. 37, Iowa Falls, 143 miles. Chartered as Dub. A Pac. in 1856. Leased to HI.
p. 151.)
Cent, from Oct. 1.1867. for 20 years, the lessees agreeing to pay 35 per
Denver <& Bio Grande West, (narrow gauge)—This company’s mort­ cent of gross earnings for ten years and 36 per cent for next ten years,
gage oovers lines in Utah Tei'ritory of about 469 miles in all. In with privilege to make the lease perpetual at the latter rate. Earnings
May, 188 1. the official statement gave comp eted 366 mib>s, as follows: 1880, $1,097,524; rental, $395. h >8. Gross. 1881, $1.110,041; •rental,
From Salt Lake City to the border of Colorado, 274-20 miles; f'r mSalt $399,614; gross in 1882, $1,093 866; nrt, $39-1.791. (V. 35, p. 737.)
Lake City to Ogden, 36-45 miles; branch to Bing.¡am Canyon, 16-25
Duluth (£■ Winnipeg.—Road in progress from Duluth to Manitoba
m iles; branch up Little Cottonwood, 18-20miles; branch to Pleasant boundary line. 280 miles. Tue lan l grant amounts to -1.800,000 acres,
Valley Coal Mines, 21 miles; total comple ed, 366-1 miles. The stock by which is subject to the first mortgage. The stook is $5,000,000. ffm .
charter is $18,000,000 ; issued on 46:» miles, $7,500,000. The road is W. Spalding, President, Duluth. (V. 33, p. 733.)
leased for 30 years to the Denver & Rio Grande, at 40 per cpnt of gross
Dunkirk Allegheny Valley <£•Piltsb.—Sept. 30, 1832, owned from Dun­
earnings, with a guaranty of interest by the lessee on $r,5uO,Ot 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, 292, 679; V. 35, War. A Pittsb. and Warren & Venango in 1872. Is owned by N. Y. Cent.
p . 431; V. 36, p. 169, 560, 074. 675.)
A Hudson River Co., but accounts are kept separate. Gross earnings.
Denver South Park ¡6 P. (3 ft.)—Dec. 31,1882, owned from Denver. Col., 1880 81, $291,208; net, $5,302. In 1881-82 gross earnings, $335,237;
Jto Buena Vista, Col., 135 miles; extension to Gunnison, 68 miles; Morri­ net, $4 ,01)9. Capital stock, $l,30u,UU0.
East Hroad Top (Pa.)—November 30,1882; owned from Mount Union,
son Br., 11 miles; Breckenridge Br., 35 miles; Fairplay Br., 15 miles;
others, 3 mi’ es; total, 269 miles.
First mortgage bonds issue! Pa., to Robertsdale, Pa., 30 miles. A coal road, opened in 1874. The
stock
is $549, 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
sol. mortgage was made for $15,000,1)00, to be at $17,000 per mile on ings $38.122: 1830-81, gross, $127,940; net, $42,356; 1881-82, gross,
$139,260;
net, $30,185.
whole road, old and new, less the amount of first mortgage on the
East Pennsylvania.—Nov. 30,1832, owned from Reading, Pa., to Allen
old. Stock controlled by Union Pacific. In 1881 gross earnings were
town.
Pa..
36
miles. It is leased for 999 years from May 19,1869, to the
$1,464,228; net, $309,75 i; in 1882 gross, $1,558.7^3; net, $377,449.
Phila & Reading RR., at a rental of 6 per cent per annum on the stock
—(V. 35, p. 1 0 2 , 103.)
interest on the bonds. G. A. Nicolls. President, Reading.
Denver Western <6 Pacific.—From Denver to Longmont, Col. For and
Eos' Tennessee Virginia <6 Georgia—( See M a p , page x x x iii).—
$3,060 in cash the company gave $3,000 in 1st mortgage bonds and
East Tennessee virgini i & Georgia nailroad is composed of the
$.1,500 in stock. Stock $1,000,000, of which Un. Pacific owns $762,500. The
lines, which were consolidated July 2u, 1881, under the above
Des Moines <6Ft.. Dodge.—Dee. 31,1882, owned from Des Moines to Fort following
The East Tennessee Virginia A Georgia RR., the Macon & Bruns­
Dodge. Iowa, 87 miles, with an extension 56 miles to Ruthven, con­ title:
wick
RR.,
Cin. A Ga. Kli., tne Knox, os Ohio RR.. and the Alabama
necting with Chicago Mil. & St. Paul. First 87 miles originally a div­ Cent. RK., the
making a total of 1,123 miles, made upas follows: Bristol to
ision of the Des Moines & Valley RR., built iu 1870 and sold out iu Chattanooga,
Tenn., 242 miles; Morristown to Paint Rook, Tenn., 45
1873. Gross earnings in 1880 were $324,72r.; net, $143,92o. In 1881, miles: Knoxville,
Tenn., to Kentucky State line, 6(5 miles; Cleveland,
gross, $401,532; net, $L72,543. In 1882, gross, $ 5 4 ',lb 8 ; net, Tenn., via Dalton Rome & Selma, to Meridian, Miss., 380 miles; Ooltwah,
$120,286. Common stock, $4,283,000; preferred, $758,280. Annual to Red Clay, Tenn., 12 miles; Rome, Ga., via Atlanta and Macon, to
report in V. 36, p. 622. (V. 3 4, p. 114, 1 7 5 , 549, 663, 679; V. 35, p. Brunswick, Ga 378 miles.
313, 574. 603; V. 36, p. 6 2 2 .)
The company owns >,123 miles of railroad. It also operates under a
Des Moines Osceola <& Southern.—Projected from Des Moines, la , to
for twenty years from July 1, H 79, the lines of the Mem phis*
Kansas City. Mo., 300 miles, of which a portion is built , and in March, lease
Charleston
Railn ad Company, from Chattanooga to Memphis, Tenn..
1883, 100 miles opened. Stock issued. $500,000, $7.00o per mile; bonds, 510 miles, anil
the Florence and Somerville branches, 20 miles, in all
$6,000 per mile. B. L. Harding, President, Des Moines.
330
miles,
making
a total of 1,473 mi es of #wne I and leased lines now
Det. Grand Haven <& nil.—Dec. 31,1882, owned from Detroit, Mich., to in operation. On June
the through line between Knoxville, Ky., and
Grand Ha veil, Mich., 189 miles. This is a reorganization of the Detroit Louisville, Ky.. was o 4icned
and since that time dailv through trains
& Mil. which was sold in foreclosure Sept., 1878. A sufficient amount have been r mning thus making
mho i the shortest route to all points
o f first mortgage bonds is reserved to retire Detroit A P. bonds south an l so .theast or Knoxville.
The new branches an l extensions
on maturity. The bonds are guaranteed by the Gt. Western of Canada. havin i been op -ned so recently, it is difficult
to say exactly on what mile­
The consol, bonds draw 5 per cent till Nov., 1883, and 6 afterward. age
the
earnings
given
below
were
ina:l
; but most of the time it was on
The stock is $1,500,000. Gross earnings in 1><81, $1,200,928; net, 90 miles of ro d. anil now, as t.iev are •all
completed and the line capa­
$317,247 ; in 1882 gross, $1,348,565; net, $339,153.
orient d as a wno e. instead of as tier tofore in disjointed
Det. Hillsdale Southw.—Dec. 31. 1882, owned from Ypsilanti, Mlch.- ble o f being
it is pr.-d’et-d by the managers that in the coming year a much
to Banker’s, Mich., 65 miles. The Det. H. A Ind. road was sold ip fore­ divisions
bettor
showing
will be made.
closure December 28,1874, and this company organized by the bond,
T ie lease of the Memphis & Charleston RR. is an operating leasa
holders. In Aug., 1881, leased in perpetuity t * the La>>e Shore & Mich. simply,
and
creates
no m meyeil obligation against tbe East Tenn.
Southern <‘o. for $40,500 per year (3 per cent) on stock for two years, Va & Go. RR., all net
earnings being paid over to the lessor com­
and $54,000 per year (4 p. ct.) afterward. (V. 33. p. 225.)
pany. T h en have been var o <s negotiations in progress about this
Detroit Lansing &Northern.—Dee. 31, 18-2, owned from Grand Trunk lease (see references below to pages in tue Chronicle), but nothing defi­
Junction, Mich., to Howard City, Mich., 157 miles; branches—Stanton nite lin s resul ed.
Junction to Big Raoids, Mich., 63 miles; Belding Branch, lLj miles;
Of tbe first mortg. consol, bonds, there are held in trust by the Cent.
leased. Grand Trunk Junction to Detroit, 3 miles; Lansing to No. Trust Co. $7,50o.000, to retire the same amount of the outstanding divis­
Lansing, lm i e; total operated. 225 miles. A consolidation, April 11, ional and sectional bonds.
1871, or the Detroit Howell & Lansing, the Ionia & Lansing and the
A brief report of the consolidated company for the year ending
Ionia Stanton & Northern railroads, under the name of Detroit Lansing June 30,1832, ga’m the g r o s s earnings on 900 miles, $3,145,482; net,
A Lake Michigan RR., which was sold in foreclosure December 14,1876, * 1.-283.460. For the eleven months, .July 1,1882, to May 31, 18»3i the
and new stock issued as above. In July, 1883, leised the Saginaw & gross earnings were $5,471,-57; expenses, $2.202,200; net earnings,
Western and endorsed the bonds. (See V. 36, p. 674.)
$1,269,558, mostly on 902 miles of road. (V. 34, p. 291,625, 679; V.
Total gross earnings... ..
Operating expenses............




3,478,066

6,244,780
3,6.0,030

BONDS
AND
STO CK S
R A IL R O A D
1883.J
A ugust ,




XXXIV

R A IL R O A D

STOCKS

AND

BON DS.

[Voli. XXXVIL

Subscribers w ill confer a great favor by giv in g im m ediate notiee o f any error discovered in these Tables.
Bonds—Pnnoi
DESCRIPTION.
INTEREST OR DIVIDENDS.
Due
Miles Date Size, or
Amount Rate per When Where Payable, and by pal,When
Par Outstanding
Stocks—Last
For explanation oi column headings, &e., see note® of
of
Whom.
Dividend.
Road. Bonds Value.
Cent. Payable
on first page of tables.
1881
242 1870
112 ’50-’56
130 1856
1872
95 1879
, 1883
282
1851
1876
16
38 1882
94
94
110 1872
47
77
77
77 1860
1863
io o

81hs 1865
81h¡ 1868

114
56
146
51
109
144
25
55
55
190

1869
1852
1854
1876
1883
1869
1872
’74-’81

$1,000 $16,500,000
1,000
3,123,000
1,000
388,000
1,000
147,000
95,000
1,000
1,000,000
2,000,000
1,000
100
4,997,600
100 &c.
194,400
500 &c. 13,425,274
100
492,500
4.500,000
100 &c.
100
2,792.800
140,000
3,500,000
1,000
100
500,000
500,000
50
500,000
50
1,000,000
1,000
570,000
500
1,998,400
50
91,800
100&C
2,485,000
1,000
685,000
2,500,000
100
1,000,000
1,000
50
3,000,000
281,000
1,000
1,000
611,000
2,078,000
1,000
375,000
1,000
1,000
775,000
1,000
325,000
100
4,950,000
1.000
3.000.000 5.

'35 . p. 50, 51, 103, 298, 313, 430, 431, 478, 486, 574, 577; V. 36, p.
427, 510, 560, 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., 3 ^ miles; Peabody to Wakefield, 8 miles; Salem
to Lawrence, 20 miles; others, 22 miles; leased—Eastern RR. of N. H., 16
miles; Newburyport City RR., 3 miles; Portland Saco & Portsmouth, 51
m iles; Portsmouth & Dover, 11 miles; Portsm. Gt. Falls & Conway, 71
miles; Wolfeboro Railroad, 12 miles; total operated, 283 miles.
In March, 1883, a lease of this road to the Boston & Maine was ratified
for fifty-five years (subject to legislation in New Hampshire), under which
the B. & M., after paying all yearly obligations of both companies out of
¿he joint earnings, will take $630,000 per year, and the next $140,000
is divided equally between the two companies, after which $366,000, if
earned, goes to the Eastern.’ The B. & M. will also pay 6 per cent on
85,000,000 new pref. stock if issued by the Eastern for retirement of
debt. Mortgage notes are $684.300, secured by real estate. The last
annual report was published in V. 35, p. 705. Operations and earnings
for three years past were as follows:
Passenger Freight (ton)
Gross
Net
Years.
Miles.
Mileage.
Mileage.
Receipts.
Receipts.
1879- 8 0 . . . . 282 $77,081,998 $61,707,305 $2,905,056 $1,084,927
63.099,873
3,094,273 1,124,600
1880- 1 .......... 282 83,411,100
68,479,129
3,403,077 1.110,109
1881- 2 .......... 283 193,871,712
—(V. 35, p. 21, 5 7 7 , 602, 7 0 5 ; V. 36, p. 311, 365, 510, 536, 675.)
Eastern (N. H.)—Sept. 30, 1882, owned from Portsmouth, N. H., to
Beabrook (Massachusetts State Line), 16 miles. It was formerly leased
for 99 years to the Eastern (Mass.) RR., and a new lease was made from
Oct. 1,1878, for 60 years and two months at $22,500 per year, equal to
4 ^ per cent per annum. Moody Currier, President, Manchester, N. H.
Eastern Shore (Md.)—Dec. 31/1882, owned from Delmar to Crisfield,
Md., 38 miles. The road was sold in foreclosure Feb. 19,1879, subject
to the first mortgage. George R. Dennis, President, Kingsland, Md. Re­
organized. and m 1882 a new mortgage was issued at 5 per cent, and
prior mortgage bonds exchanged. Stock, $130,OuO common, and $33b,000 pref Gross earnings in 1881, $68,616; net, $13;782. In 1882
gross, $81,010; net, $22,229. (V. 35, p. 160, 404.)
Eel River.—Dec. 31, 1882, owned from Logansport., Ind., to Butler,
Ind., 94 miles. This was formerly the Detroit Eel River & Illinois RR.,
sold under foreclosure July 6, 1877, and reorganized under present
name Dec. 10,1877. In August, 1879, it was leased to the Wabash St.
Louis & Pacific Railroad for 99 years, at a rental of 3 per cent per
annum on the stock for two years, 4 per cent for three years, and 4 ^
per cent thereafter.
Elisabethtown Lexington <& Big Sandy.—Road owned, 1833: Big
' SandyRiver (C. & O. Junction) to Ashland, 8 miles; Straits Creek
Junction to Lexington, 102 miles; leased—Ashland to Straits Creek
Junction. 22 miles; total operated, 132 miles. Charter permits exten­
sion to Elizabethtown. It is the connecting line of the Chesapeake &
Ohio and controlled by the same parties. Authorized capital of the
company is $5,000,000, with a provision in the charter to increase it to.
$10,000,000. Amount issued, $4,184,200. In 1882, gross earnings,
$534,154; net, $156,455. (V. 34, p. 292.)
Elmira Jefferson <6 Canandaigua.—Dec. 31,1882, owned from Canan­
daigua, N. Y., to Watkins, N. Y., 47 miles. The road was foreclosed and
reorganized under present name Feb. 18,1859. It was leased to New
York & Erie for 20 years from Jan. 1,1859, and the lease transferred
to N. Cen. RR. in 1866 at a rental of $25,000 per year. Lease termi­
nated Jan., 1879, and road now operated at cost by Northern Central.
Gross earnings in 1881, $354,186; net, $90,157; gross in 1882, $368.403; net, $25,000.
.Elmira & Williamsport.—Dec. 31,1882, owned from Williamsport, Pa.,
to Elmira, N. Y., 77 miles. This company was reorganized under the
present name Fep. 29,1860, and leased to the Northern Central Rail­
w ay for 999 years from May 1,1863, at a rental of $151,500 per annum
since Jan. 1,1880. The^ dividends on the common stock are 5 per cent
and on the preferred 7 per cent. Operations are included in the North­
ern Central returns.
Erie <6 Pittsb.—Dec. 31,1882, owned from New Castle, Pa., to Girard,
Pa., 82 miles; branch, Dock Junction to Erie Docks, 3 miles; leased—
Girard to Erie, 15 miles; total operated, 100 miles. Road opened in 1865It was leased, to the Pennsylvania RR. for 999 years from March 1,
1870, at a rental of 7 per cent on stock and interest on the bonds,
and the lease was transferred to the Pennsylvania Co. The lease has
been quite unprofitable to the lessees; the deficiency paid by them in
1880 was $242,819, in 1881, $233,522, and in 1882, $207,651.
European <&North American.—Sept. 30, 1882, owned from Bangor,
Me., to Vanceboro (State Line), Me., 114 miles. Road was worked in
connection with the St. John & Maine, - making an unbroken line from
Bangor, Me., to St. John, N. B., 205 miles. In 1875 default was made,
and a new company was organized October, 1880, which issued new
stock ($2,500,000) for the land grant mortgage. The company had
<a land grant of 750,000 aores in the State of Maine. On Aug. 31,1882,




6
7
6
6
4
6
6
3
6
6 g.
214
5
1
6
5
21a
3hä
6
5
1%
7
7
7
213
6
6
7
7
6 g.
6
6 g.
6 g.
3
6&7

Oct. N.Y.,Metropolit’n N.Bk. Aug. 1, 1931
July 1, 1900
J. & J.
do
do
1882 to 1886
J. & J.
do
do
May 1, 1886
M. & N.
do
do
Jan. 1, 1887
J. & J.
do
do
do
do
July 1, 1918
J. & J.
Julv, 1923
J. & J.
do
do
July 15.1873
Boston.
J. & J.
M. & S.
do
Sept. 15,1886
M. & S. Boston and London.
Sept., 1906
J. & D. Boston, by Treasurer. June 15,1883
Philadelphia.
Q .-M . Boston, by Treasurer. June 5, 1883
F. <fc M.
M. &. S.
New York.
Mar. 1, 1902
Baltimore, N. Cent. RR.
(?)
M. & N. Phila., Penn. R. R. Co. May 1, 1883
J. & J.
do
do
July 1, 1883
J. & J.
do
do
Jan. 1, 1910
A. & O.
do
do
Oct. 1, 2862
Q.—M. N. Y., Union Trust Co. June 10, 1883
A. & O.
do
do
Anril 1, 1890
J. & J.
do
do
July 1, 1898
A. & O.
do
do
Oct. 1, 1900
A. & 0.
Bangor.
April 2, 1883
J. & J. Bost., Merch. Nat. Bk. Jan. 1, 1894
Company’s Office.
Jan. 1, 1883
J. & J. N.Y.,Farm. L’an& T.Co. Jan. 1, 1887
M. & N.
do
do
Nov. 1, 1887
J. & J.
do
do
July 1, 1921
do
do
April 1, 1923
M. & N. N.Y.jFarm.L’an & T.Co. Nov. 1, 1899
J. & J.
do
do
Jan. 1, 1902
J. & D.
Boston, Office.
July 1, 1883
do
A. & O.
1894 to 1902

.

a lease was made to the Maine Central for 99 years from April 1,
1882, for $125,000 per annum, equal to 5 per cent per annum on the
stock, and assuming the bonded debt. Earnings in 1881-82, $546,022;
net, 221,694. (V. 33, p. 6 2 1 ; V. 35, p. 160, 211.)
Evansville <6 Terre Haute.—Aug. 31. 1883, owned from Evansville,
Ind., to Terre Haute, Ind., 109 miles; Owensville branch and extension,
37 miles; total operated, 146 miles. Formerly the Evansville
& Crawfordsville RR. Co. Gross earnings, 1880-81, $688,758; net,
$202,170. Gross earnings, 1881-82, $826,427 ; net, $374,781 (V. 33,
p. 4 6 7 , 343, 502 ; V. 35, p. 4 8 4 ; V. 36, p. 731; V. 37, p. 175.)
. Evansville Terre Haute & Chicago.—June 30, 1883, owned from Terre
Haute Junction, Ind.. to Danville, 111., 49 miles; leased, 6 miles; total
operated, 55 miles, It uses 6 miles of the track of the Rockville Exten­
sion into Terre Haute; also leases the Indiana Block Coal road, 15
miles. On April, 30,1880, a lease to the Chicago & Eastern Illinois
was made for 999 years; terms, $75,000 per annum and the assumption
by the C. & E. I. of all rentals and taxes paid by E. T. H. & C. The
bonded interest was reduced to 6 per cent and preferred stock for $100,000 issued for overdue coupons; common stock, $600,000. Josephus
Collett, President, Terre Haute, Ind.
Fitchburg.—Sept. 30,1882, owned from Boston, Mass., to Fitchburg,
Mass, (double track), 50 miles; branches—Charlestown, 1 mile; North
Cambridge to Waltham, 7 miles; South Acton to Marlborough, 12 miles;
Peterborough & Shirley, Ayer, Mass., to Greenville, 24 miles; leased
and operated—Vermont & Mass. RR., Fitchburg to Greenfield, 56
miles; Turners Falls Branch, 3 miles; Troy & Greenfield RR., Green­
field to North Adams, 37 miles; total, 190 miles. The Troy & Greenfield
RR. and the Hoosac Tunnel, owned by the State of Massachusetts, have
been operated by this company, and are now contracted to it for seven
years from Sept. 30, 1880. The annual report for 1881-82 in Ch ro n ­
ic l e , V. 36, p. 55, said: “ In 18al the great trunk-line war of rates
began; and freight—and for a part of the year passengers—were oarried
in both directions at less than cost. There was a large business; and our
tonnage and gross freight receipts and mileage all increased, while our
net results correspondingly decreased, This ruinous competition, and
the fulfillment of contracts made by Western railroads, compelled us to
transport freight during the greater part of the present year at e v e »
less rates than in 1881.”
Operations and earnings for five years past were as follow s;
Passenger I reight (ton)
Gross
Net
[Div.
Years.
Miles. Mileage.
Mileage.
Earnings. Revenue, p.et.
18778 152 32,266,503 68,041,193 $1,937,934 $347,620
6
1878- 9 .....1 5 2
35,094,145 92,832,640
2,079,973 379,202
6
18798 0 . . .. 19039,752,302 109,323,290 2,375,096 498,849
8
18S0-81 . . . . 190 42,854,047114,507,916
2,561,595
289,581
7
1881-2.... 190
47,628.311 112,948,822 2,452,729 366,271
6
~(V. 33, p. 622, 6 8 5 ; V. 34, p„14d, 488; V. 36, p. 5 5 ,13 9 .)
Flint <£• Pere Marquette.—Dec. 31,1882, owned from Monroe, Mich., tn
Ludington, Mich., 253 miles; branches—Bay City to East Saginaw, 12
miles; Flint Junction to Otter Lake, 20 miles; South Saginaw branch,
5 miles; Harrison branch, 15 miles; Manistee branch, 27 m iles;
Saginaw & Mount Pleasant Railroad, 15 miles; total operated,
347 miles. A Receiver took the old company in June, 1879; the
road was sold August 18,1880, under the consolidated mortgage, and
reorganization was made andpreferred stock ($6,500,000) issued for the
consolidated mortgage bonds, and common stock ($3,500,000) is to be
issued for the old stock. The common stock has no present right to vote
or to receive’ dividends, and will be issued only after the preferred
stockholders have received 7 per cent yearly dividends for five con­
secutive years. The preferred stock is not cumulative, and after 7 per
cent per annum is paid on both classes of stock, the balance of income,
if any, is to be divided ratably. On Jan. 1,1883, the land notes on
hand for lands sold were $747,532, and lands yet unsold 109,815 acres.
Annual report for 1882 in V. 86, p. 478. Earnings for four years past»
were as follows
1879.
1880.
1881.
1882.
Earnings—
$
.$
$
$
452,007
565,288
655,478
795,839
Passenger..................
F reight.....................
653,636
994,369
1,157,367 1,317,042
Mail, express, & c ....
45,558
39,967
72,568
67,342'
.

East Tennessee Virginia, <£ Georgia—( Continued}—
Income bonds, gold................ ................... i ..........
Old 1st mortgage sinking fund bonds.....................
East Tenn. & Georgia ($92,000 are endorsed)___
East Tennessee and Virginia (endorsed). . , ............
2d mortgage to U. S. Government..................... . ..
Alabama Central, 1st mortgage, gold, cou pon ....
Cinn. & Georgia RR., 1st mortgage.......................
Eastern (Mass.)—Stock.................................................
Essex R R .lst mort. (extended for 10 years)........
Mortgage funding certificates..................................
Eastern (N. HJ—Stock.................................................
Eastern Shore (Md.)—l&X, mortgage ..........................
Eel River—Stock................................................. .........
le t mortgage.......................... ..................................
Elizabeth. Lex.<&Big Sandy—1st mortg., cp, or reg..
Elmira Jeff. & Ganandaigtia.—Stock.........................
Elmira <6 Williamsport—Stock, common..................
Preferred stock.........................................................
1st mortgage bonds..................................................
Income bonds, 999 years to ru n .............................
Erie <&Pittsburg—Stock....................... ...
2d mortgage, convertible.........................................
Consolidated mortgage free of State ta x...............
Equipment bonds...................... -....... ....................
European &No.American—Stock, guar. 5 per ct___
1st mort., Bangor to Winn.’, Bangor loan___. . . .
Evansville <&T. Haute—Stock ($100,000 is pref. 7 ).
1st mortgage, Evansv. & 111., sink, fund...............
1st mortgage., sink, fund, (Evansv. to T .H .)..........
Consol, mort., gold (for $1,500,000)..... ..................
1st mort.. Mt. Vernon Branch................................
Evansville Terre Haute <£•Chic.—1st mort., gold___
2d mortgage, gold................................... ........ .—
Eitchburg—Stock............. ............................... .............
Bonds, coupons, ($4,950.000 authorized)...........

Total gross earnings
Op’g expen’s & taxes
Net earnings

1,151,201
745,912

1,599,624
1,145,929

1,885,413
1,315,322

405,289

153,695

570,091

2,180,223
1,432,209
748,014

INCOME ACCOUNT.

Receipts—
Net earnings...........................^ .............
Disbursements—
Interest on debt..........................
Dividends . : ..........................................
Loss on cargo “ St. Albans” ___, .............

1881.
$570,091

1882.
$763,852

$322,118
357,500.
3,935

309,024
422,500

Total disbursements............................
$683,553
$731,524
Balance,deficit........ .......... ....................... def.$113,462
sur, $16,490
—(¥..34, p. 60, 5 2 0 ; V. 35, n. 211; V, 36, p. 55,108, 478.)

A ugust , 1883.]

R A IL R O A D ' STOCKS

AND

BON DS.

XXXV

Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in tbese Tables.
Roiii/s—PrinctDESCRIPTION.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
Par
of
Rate
per
F o r explanation of column headings, &c., see notes of
When
Stocks—Last
Where
Payable,
and
by
Road. Bonds Value, Outstanding Cent. Payable
on first page of tables.
Dividend.
Whom. '
Flint <&Pere Marquette—Preferred stock..................
Reorganization mortgage bonds, g o ld ...............,..
Flint & Holly RR. (smk’g fund $25,000 per year).
Bay County, issued in aid, guar, by lessees.............
Holly Wayne <fc Monroe, 1st mort., sinking fund.
Florida Central <&Western—1st mort.. gold.............
Fonda Johnstown <&Qloversville—1st m ortgage.......
Consol, mortgage.................................................... Fort Madison <&Northwestern—1st mort., gold........
Fort Wayne <é Jackson—Pref. stock, (8 per cent) —

355
290
17

Fart Worth <£- Denv. City—1st M.,gold ($25,000 p.m.)
Frederick <£Pennsylvania Line—1st mortgage........
Fremont Elkhorn <&Mo. Valley—1st mortgage........
1st mortgage.................................................... .........
Income bonds.............................................................
1st mortgage....... ...................................... ................
1st mortgage (new). .v...............................................
Galveston Harrisb.dZ 8. Antonio—1st mort, gold, 1. gr.
2d mortgage...............................................................
Mexican & Pacific Extension, 1st mortgage, gold
do
do
2d mortgage..........
Galveston Houston & Hend. o f 1882—1st m ortiguar
Geneva Ithaca <&Sayre—1st inort., s. f., gold...........
Geot'gia Pacific—1st mort., $10,000 per mile..........

1,000
1881
28 1870
1,000
51 1871 500 Ac.
39 1879
1,000
51 1876
1,000
106 1880
1,000
107 1881
256 ’71-’80 1,000
1,000
226 1880
1,000
675 1881
1,000
675 1881
1,000
50 1832
35 1870 100 &c.
197 1882
ÌÒ0
307
500
77&80 1,000
1,000
77 1867
332
100
332 1869
1,000
1,000
332 1869
1,000
332 1875
1,000
219 1881
1,000
219 1881

Bonds, not mortgage.................................................
Bonds, not mortgage ..............................................
Macon & Augusta, 1st mortgage............................
1st mort., land grant, gold (guar, by Pa. RR).......
1st mort., gold, ($1,895,000 are land grant)..........
in come mortgage bonds, for $10,000,000.............
Green B ay Winona &St. Paul—1st mort. coup.......
2d mort. income bonds, reg., non-cumulative . . . . .

65
234
10
26
100
100
100
128

1880
1868
1871
1882
1870
1880
1880

$ ....
1,000
500 &e.
500
1,000
1,000
100 &c.
100 &c.
500 <fec.

$6,500,000
3,650,000
300,00075,000
1,000,000
2,808,000
300,000
200,000
150,000
2,287.832
431,747
4,000,000
2,750,000
£00,000
690,000
270,000
317,082
2,152.000
1,199,000
4,800,000
1,000,000
13,500,000
6,750.0 10
2,009,000
600,000
3,480,000
4,200,000
237,500
2,100,000
296,000
4,98 i,081
4,000,000
2,903,000
1,097,000
1,600,000
3,781.000

3%
6 g.
10
10
8
5 g.
7
6
7 g.
$%
6g.
6
7
7
7
7
7
6 g.
7
5 g.
6
5
7 g.
6
2^3
7
6
7

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

J.
O.
N.
8.
J.
J.
J.
O.
O.

N. Y., Mer. Ex. Nat. Bk.
do
do
N. Y., Meehan. Nat. B’k.
New-York.
N.Y.. Merch. Nat. Bank.
N. York or Amsterdam.
N. Y., St. Nich. Nat. B’k.
do
do
New York or London.

July 16,1883
Oct. 1, 1920
May 1, 1888
Sept. 1, 1887
Jan. 1, 1901
April 1, 1922
July 1, 1900
May 1, 1920
A p r ili, 1905
1883

j. & b .
A. & O.
A. & O.
A. & O.
A. & O.
A. & O,
A. & 0.
F. & A.
J. & D.
M. & N.
J. & J.
A. * 0.
.1. & J.
J. & J.
Q .-J .
I. & J.
J. & J.
J. & J.

N. Yr, Mercantile Tr. Co.
Pennsylvania RR. Co.
N. Y., Nat. Park Bank.
do
do
do
do
Boston, Everett Nat.Bk.
do
do
N.Y.,D.,M.&Co.,&Lond.
N. Y., Drexel, M. & Co.
New York.
do
New York.
N. Y., Metrop. Nat. B’k.
N. Y.. Central Trust Co.
Augusta,Ga., RR. Bank.
do
do
do
do
do
do

Dec. 1. 1921
I960
1901
1899
1886
1900
1899
Feb. 1, 1910
June 1, 1905
May 1, 1031
July 1, 1931
A p r ili, 1913
July 1, 1890
Jan. 1. 1922
July 15,1883
Yearly to 1890
1897 & 1910
1887

1899
7 g. J. & J. N. Y., Third Nat. Bank.
1899
7 g. A. & O. N. Y., Winslow, L. <&Co.
do
do
1906
7
M. & S.
6
F. & A. N. Y „ Nat. City Bank. F°b. 1, 1911
May 1, 1911
do
do
M. <fe N.
8

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 no representation was allowed in the reorganization to the old
stock held uy outsiders. Stock of the new company is $1,000,000. (V.
34, p. 146 344, 378, 460; V. 35, p. 160, 211, 637,762; V. 36, p. 30,
674,675.)
Geneva Ithaca a Sayre.—Sept. 30,1882, owned from Geneva, N. Y., to
Sayre, Pa., 75 miles; branch, Ithaca, N. Y., to Cayuga, N. Y., 38 miles;
total operated, 113 miles. Organized Oct. 2,1876, as successor of the
Geneva Ithaca & Athens RR., which had been formed by consolidation
of the Geneva & Ithaca aud Ithaca & Athens railroads, May 25,1874.
In 1880 absorbed the Cayuga & South. RR., 37 miles. The G. I. & A.
having defaulted on its interest was placed in the hands of a 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. The
common stock is $1,275,000; pre'erred, $400,000. Gross earnings in
1880-81, $462.920; expenses, $152,725; net, $10.195. In 1881-82,
gross, $505,468; expenses, $532,423; deficit, $26,955. R. A. Packer is
President, Sayre, Pa.
'
Georgia Pacific.—From Atlanta to Texarkana, Tex., 600 miles, of
which 218 m il e s completed to March. 1883, including the Greenville (N.
G.).52 miles, purchased. Built by Richmond & Danville Extension Co.,
which has $5,000.000 subscribed capital, of which $3,500,000 had been
called up and naid to Feb., 1883. 197 miles of road to be open in Nov.,
1883. See report at length in V. 36, p. 195. (V. 34, p. 60, 575, 687; V.
35, p. 71, 189. 291, 297, 405, 603, 763; V. 36, p. 195 ; V. 37, p. 151.)
Georgia Railroad & Banking Company.—Augusta, Ga., to Atlant a, Ga.,
171 miles; branches to Washington and Athens, 60 miles; Warrenton,
Ga., to Macon, Ga., 76 miles; total operated, 307 miles. The West­
ern RR. of Alabama, purchased in May, 1875, at foreclosure, is owned
jointly with- the Central RR. of Georgia. The Macon & Augusta RR.,
76 miles, is owned by this company. The Port Royal & Augusta RR.
is owned in part by this company. In April, 188 L a lease for 99 year «
was made to W. M. Wadley and associates (for the Central of Georgia
and the Louisville & Nashville railroads) at $600,000 per year, pt yable semi-annually, and dividends are 2% per cent quarterly. In 18^2’83 net income from all sources, including rank, was $ 6 12,814, leaving
balance of $28,181 over all payments, including dividends. (V. 34, p.
66 2 ; V. 35, p. 430; V. 36, p. 453, 559.)
Grand Ilaplds & Indiana.—Dec. 31, 1882, owned from Fort W am e
Inci., to Bay View Midi., 332 miles; leased and operated; Cm. Richmond
& Fort Wayne RR.. 86' miles; Traverse City Railroad. 26 miles; Bay
View Little Traverse & Mackinaw Railroad, 6 miles; Grand R ap id s*
Mack., 3 4 miles; total,485 miles. The Grand R apid s* Indiana RR, is
operated in tne interest of the Pennsylvania RR. Co., and $4,000,000 of
the first mortg. bonds are guaranteed by that company, which buys tho
coupons each year if any remain unpaid bythe earnings, and on Jan.
1, 1883, $1,862,170 unpaia coupons were held by Pa. RR. and Pa. Co.
First mortgage bonds redeemed bythe sinking fund are replaced by
income bonds issued. In. March, 1883. payment of coupons was
suspended in consequence of the Pennsylvania Railroad suit. (Sea
V. 36, p. 340, 399. The company had land grants amounting to
852,960 acres, and sold in 1882 51,609 acres, for $4-9,422, an average
of $8 32 per acre. The lands unsold on Jan. 1. 1883, were 478,7r7
acres. The assets were $1,625,938 cash in hands of trustees; $687,495
bills receivable, and cash with cashier, $15,859. Operations and earn­
ings for four years past on main line were as follow s:
Passenger Freight (ton)
Gross
Net
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings.
.................. ... 332
17,823,880
51.267,197
1879
1880
.... 332 21,309,396
69,801,159
1,692,754
476,745
1881............. 332 24,661,483
79,316,473
1,940,570
562,890
1882
332
28,382,854
93,283,242
2,260,291
582,054
- ( V . ’34, p. 315, 6 0 2 , 663; V. 35, p. 23, 51, 347; V. 36, p. 340, 399,
5 5 8 ,7 0 7 .)
'
Green Bay Winona & St. Paul.—Dec. 3 1 ,1882rowned from Green Bay,
Wis., to Marshland, Wis., 209 miles; branches, 10 miles; leased—Plover
to Steven’s Pt., 6 miles; total, 225 miles. This was a reorganization in
1881 of the Green Bay & Minnesota, which company made default and
the road was sold March 12,1881. See full statement of debt and planof reorganization in C hronicle , 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. In 1881 net earnings were $70,774; in 1882,
$93,327. (V. 33, p. 441, 580, 587, 641, 736; V. 34, p. 264.)
Gulf Colorado <£ Santa Fe.—Aug. 1,1882, mileage was as follows^
Main line, Galveston to Lampasas. 274 miles; Fort Worth Division, Tern
pie to Fort Worth, 128; Northeastern Division, Cleburne to Dallas, 53;
Net earnings
....... $818,766 $799,165 $503,872 $603,039 Eastern Division, Somerville to International & Gt. North. RR.,-72;
Interest paid..................... $359,288 $354,784 $370,593 $391,275 Houston Division, Alvin to Houston, 23; total 550 miles, of which b7
—(V. 35, p. 78,103, 213, 266, 347, 405, 431, 456, 578; V. 36, p. 110.)
miles were under construction. Road opened late in 1878 (63 miles),
Galveston Houston <£ Henderson o f 1882.—Dec. 31,1882, owned from and sold and reorganized April 15, 1879. Formally opened under new
Galveston, Tex., to Houston, Tex., 50 miles. The road was opened in regime August, 1880, and has been rapidly extended. See report m V.
1853-4 and sold in foreclosure Dec. 1, 1871, and reorganized as the G. 35, p. 429. Stock July 31.1882, $3,48o,000. In July, 1883, the 2d mart,
H. & H. of 1871. In July, 1880, the company defaulted on its interest was authorized. Gross earnings in 1880-81,on an average of 212 miles of
and the road was sold in foreclosure Aug. 1, 1882, for $460,000, and road. $777,4 35. net, $253,751; in 1881-82, on 361 miles, gross $1,251,073-,
urchased in the interest of Jay Gould and Russell Sage. The bond- net $440,117. George Sealy, Prest.. Galveston. Tex. (V. 34, p. ) 14, 344,
olders, by agreement with the purchasers, received new 5 per cent 479,488,715; V. 35, p. 339,347,429,763; V. 36,p.561,675; V.37, p.127.)

Florida Central <&Western.—Jacksonville to Chattahoochee, 208 miles,
and branches from Tallahassee to St. Marks, 21 miles; and from Drifton
to Monticello, 4 m.; total, 234 miles. This was a consolidation in Jan.,
1882, of the Florida Central, the Jacksonville Pensacola & Mobile,
&c. 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 $367,022; net,
$106,646. B. S. Henning, Pres’t, New York City. (V. 34, p. 60, 315.)
Fonda Johnstown & Qloversville.—Sept. 30,1882, owned from Fonda
to Northville, 26 miles Road opened Dec. 1,1870. The stock is $300,000. In 1981-82 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. Heacock, President, Gloversville, N. Y.
Fort Madison <6 Northwestern.—April, 1883, owned from Fort Madi­
son, la., to Birmingham, la., about 45 miles. Projected line, Fort Madison
to Oscaloosa, la., 100 miles. Under construction, and bonds sold in
New York, 1881, and also offered in London May, 1882. Earnings in
1881-2, $47,462; net, $20,727. Earnings in 1882-3, $56,316; net,
$23,826. Stock, $425,600. V. 34, p. 604.
Fort Wayne <&Jackson.—Deo. 31,1882, owned from Jackson, Mich., to
Fort Wayne, Ind, 97 miles. This road is successor to the Fort Wayne
Jackson & Saginaw, which made default on its bonds and was sold in
foreclosure Dec. 3,1879. On Sept. 1,1882 leased perpetually to L. Shore
& Mich. South, at a rental of $126,027, equal to 5£3 per cent on the pref.
stock, and after 1887 any net 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, $295,502; net, $117,602. (V. 35, p. 131,
298.)
Fort Wayne Cincinnati <&Louisville.—From Fort Wayne, Ind., to Connorsville, Ind., 104 miles; branch to Rushville, Ind., 24 miles; total
operated, 128 miles. The Fort Wayne Muncie & Cincinnati Com­
pany defaulted and a receiver was appointed Nov., 1874. The road
was sold in foreclosure, .Trly 27, 1881, to Elijah Smith, for the bond­
holders, for $1,000,000. The bondholders reorganized under this name.
(See plan, V. 32, p. 577.: Gross earnings in 1882, $274,320. Elijah
Smith, President, Boston, Mass. (V. 32, p. 121, 577; V. 33, p. 100, 153;
V. 35, p. 131.)
Fort Worth <£• Denver City-Road in progress from Fort Worth, Texas,
northwest to the Canadian R iver; and m operation to Wichita Falls,
110 miles. It is built by Texas & Colorado Improvement Company,
G. M. Dodge, President. Stock $20,000 per mile; par value of
shares, $100. Gross earnings, May to Oct., 1882, inclusive, $129,123;
net, $79,839. (V. 33, p. 384, 716; V. 34, p. 453,522, 604,679; V. 35, p.
23,131,313, 431, 457, 486, 602; V. 36, p. 80.)
Frederick <&Pennsylvania Line.—Dec. 31,1882, owned from Kihgsdale
to Frederick City, Md., 28 miles. It is leased to Pennsylvania RR.,
which pays interest on first mortgage. Preferred stock held by Penn­
sylvania RR., $460,000; common stock, $312,528. John Loats, Pres.,
Frederick City, Md.
Fremont Elkhorn <£■ Missouri Valley.—Fremont to Thackler, Neb.,
and Norfolk Junction to Creighton, Neb., 305 miles. Leased to Sioux
City & Pac. RR. The rental is 33*3 per cent of gross earnings. Stock,
$1,924,500. See report and balance sheet in V. 36, p. 320; balance of
income over interest, &c., $7,240. (V. 35, p. 235; V. 36, p. 2 2 0 , 623.)
Galveston Harrisburg <& San Antonio.—Dec. 31, 1882, owned from
Houston, Tex., to San Antonio, Tex., 217 miles ; Lagrange Extension, 31
miles; Harrisburg to Pierce Junction, 8 miles; leased, Harwood to
Gonzales, 13 miles ; total, 269 miles. Western Extension, San Antonio
to Rio Grande River, connecting with Southern Pacifie, 636 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 late in 1882. This was a successor to the Buffalo
Bayou Brazos & Col. Railway. The capital stock outstanding 011 the
whole road is $27,053,600. The 1st mort, covers road and 1,800,000
acres of land. The proceeds of land sales are used to retire the bonds,
and also a sinking fund of 1 per cent, but it is optional with bond­
holders to surrender their bonds, if drawn. In June, 1881, a large
interest in the stock 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, &c., for four years on 256 miles were :
1879.
1880.
1881.
1882.
Gross earnings.................$1,390,670 $1,392,890 $1,258,917 $1,628,026
Operating expenses..........
571,904
593,725
755,045 1,024,986

E




$1,345,134

XSXV1

R A IL R O A D

STO CK S

AND

BON DS.

[VOL. X X X V II.

Subscribers.w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in these T a bles.
DESCRIPTION.
INTEREST
Date ' Size, or
Amount Rate per When
t o r explanation of cdlmiiii headings, &c., see notes of ■ of
Par Outstanding
oil liest page or tablés.
Road. Bonds Value.
Cent. Payable
H uit Colorado <CSanta Fc—1st M.. g. ($12,000 p.m.; 538 1879 $1,000 $6,456,000
7 g . J. & J.
2d'm* ltgKge (.$ : «,000 per m l . ) .............................
1883
1,000
(?)
6
A. & 0.
Saunibut it ail. Joseph—Common s to ck .............
292,
100
9,168,700
Preferred stock (7 p. e. yearly, not cumulative).
292
100
5,083,024
3
F. & A.
Ponds 1870. con vertible..".......................................
292 1870
4,000,000
8
M. & S.
Land grant bonds, secured by land n otes'll. ! . ! . .
1.0Ö0
1878
90,000
7
9. <fc J.
Consolidated mort, (for $8,<K)0,0u0)....................... 292 1881
1,000
3,000,000
6
M. & S.
Ponds Quincy & Palmyra R R ......... ..................!..
15
....
433,000
8
F. & A.
Ponds Kansas City & Cam. H R...,.................!.! ! ! .
53 1867
1,200,000
10
J. & J.
Bart-isb. Bortsm’th AU. Jon >(■ tunc..—Stock
54
"Ko 1,182,550
3*a J. & J.
1st mor., regiuere 1 (extended HO years in 1883)!
54 1853 500 &o.
700,000
4
J. & J.
Harrisburg d Potomac—1st mortgage, coupon........
28 1874 100 &o.
507,200
7
J. & J.
Hartford di Connecticut Western—Stock...................
69
2,700,000
....
1*2
Housufomc—Stock,............................ ....
...;
126
Too
820,000
Preferred stock...................! . . . ! ! . ! ! ! ! ! ! ! . ! .
126
100
1,180,000
2
Q .-J .
1st mortgage, cou pon ........ : ......... ......................... ,7 4 1865 500 &o.
100,000
7
F. & A.
2d mort, bonds of 18G9........ ...................................
. . . . 1869 500 &e.
300,000
6 J. & J.
3d mort., reg.................. ........... ...............................
1880 500 &o.
300,000
5
A. & O.
Honst. Hast d: West Texas.—1st mortgage, g o ld ........ 142 1878
1.000
994,000
7 g. M. & N.
2d niorr., land grant ($5,000 per mile).................
142, 1883
1,000
710,000
6
J. & J.
Houston <£■Texas Vent.—1st M., (main) gold, l.gr.,s.t. 345 1866
a,000
6,262,000
7 g. J. & J.
1st mort., 1. gr., West diy. (Hempstead to Austin) 119 1870
1,000
2,270,000
7 g. J. & J.
IstM .,gold.W aeo&N’ \vest (Bremond to Ross; . . . .
1,000
58 1873
1,140,000
7 g. J. & J.
- Consol, mort., land grant. Main and Western Diy. 464 1872
1,000
4,117,000
8
A. & O.
(Consol, niort., land grant, Waco & Northwest......
58 1875
1,900
84,000
8
M. & N.
Gen mort., gold (for $18.5 oO,<jO<>)............................ 522 1881
1,000
3.300,000
6; g. A. & O.
Huntingdon & Broad Top—1st mort., gold...............
500
58 1854
416,000
A. & O.
§1
2d mortgage, gold.............
58 1857
500
367,500
7! g. F. & A.
3d mortgage consolidated
58 1865
1,000
1.497,000
5
A. & O.
Scrip for interest 1st and 2d mort
....
118,895
7
J. & D.
Illinois Centrai—Stock
1,320
....
Too 29,000,000
4
M. & S.
| Leased line -t per cent stock
100 10,000,000
2
J. & J.
Mortgage bonds, sterling___
706 1875
£200
2,500,000
6 g- A. & O.
Sterling bonds, (sinking fund £20,000 yearly)___ 706 1874
£200
4,100,000
5 g- A. & O.
. Mortgage, sterling..............................................
706 1875
£200
1,000,000
5 g. J. & D.
! Bonds, co n o : ($2.000.000) M. on Ch. <fe Sr>. RR
111 1877
1.000
1.600.000
6 J. & J.
, Hannibal <6 St. Joseph.—December 31, 1832, owned from Hannibal,
Mo., to St. Joseph, Mo., 200 miles; branches—Cameron to Kansas City,
53 miles'; St. Joseph to Atchison, Kans., .19 miles; Palmyra to
uincy. 111., 13 miles; total operated, 292 miles. An extension to
hicago in 1883 is projected. The company liad a Congressional land
grant and received $3,000,000 in bonds from the State of Missouri, which
loan was repaid iu cash June. 1881. but litigation followed as to the
interest payable on the State bonds. (See V. 36. p. 560.) The land sales
for four years past were a-» follows : 1879, 61.272 acres for $494.773,
average $7 76 per acre ; 1880. 74,^62 acres for $551,774, average $7 37
per acre; 1881. 29.836 acres for $204,107, average $6 81 per acre; 1882.
3 %784 acres for $ ?7,030, average $5 5 1 per acre. In Sept., 1882, a syn­
dicate. ill lading Jay Gould, Russell Sage, and others, bought 90,000
shaves of common stock from John R. Duff, of Boston, and in May. 1883,
this common stock and a large amount of preferred were sold to the C.
It. & Q. R o . Co. at 15 lor the common and par for the preferred, payable
in C. B. & Q. 5 per cent bonds.
Preferreu stock h^s prior right to a non-cumulative dividend ot 7 per
eent; then common to 7; then both share.' Annual report in V. 3d, p. 2'84.

g

income account .

Total gross carn’g s ...
' R ceipis—
Not earnings__ ......
•Premium on bonds...
Miscellaneous...........
Laufs A i. gr. bonds.
Total income.......

f Disbursements —

..interest.on debt........
Divid'-mls on pr. st’k.
Miscellaneous............
Tot. disbursein’ ts.
Balance, surplus...

187y.
$
1,997,405

i s ^o.
$
2,561,390

1881.
$
2,237,231

1882.
$
2,419,600

773,933

1,256,800
6,3» t
63 610

319 939
2s8,i>/ 8
4 t .795
37. »59

l,0i3,824

¿«614
297,107

4,746

1,072.601
$
657,320

1,326,764
1.18S.271
1,018.570
$
$
$
054.640
05 1,0 10
653.620
(6*2)33".395 (7) 335,810 (6*2)330.395
3 39,904
147,598
,124.007
24,745

797,222
1,132,633
1,134,157
1,003,760
275.3-¡2
ÜI4.1 ;i
53,314
I 1.810
1, 2 8 9 , 31 5f 344, 549:: V. 33, p. 103,189, -97,
fö, p. 195,2 2 1 ,251,284,, 312,340, 399.453,560.)

©w
Middletow
The prope
___ _____ ________ _______
.veers 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.
r—(V. HO, p. 5->0.)
r Harrisburg <& Potomac.—Dec. 31,1882, owned from Bowmansdale to
ohippensburg, Pa., 32 miles; branch to mines, 5*2 m.; total operated, 37*2
miles. Extensions are projected from Jacksonville to Shipoensburg and
from Bowmansdale to Harrisburg. Road opened through in 1878. Bonds
authorized, $1,800,000. Stock $379,165. C. W. Ahl.Pres., Newville. Pa.
' Hartford d Connecticut Western.—Hartford, Conn., to RhineclifF. N Y.,
108 miles; Mi lerton to Connecticut State line, 2 mi.es; total, 110 miles
foreclosure suit was begun in 1880 against the former Connecticut
Western, and the State Treasurer took possession. On May 25, 1881,
bondholders re-organized, and stock iu new company is issued for
■fronds. In March, 1882. the purchase of the Rhin ;beck A Connecticut
Railroad was made for $800.000 in the stock of this company. Gross
saini gs 1381-82, $101,273; delicit. $ :.V 87. (V. 32, p. 577: V. 33, p.
23. 73. 15? ? V. 34. p. 231,366; V. »5, p. 602. 7 3 6 )
• Hansatonic.—Sept. 30.1882. owned from Bridgeport. Conn., to State
Line,Mass., 74 miles; Brookvilie to ¡/anbury, 6 miles; leased- Berkshire
¿Railroad, 22 miles; West Stoekbridge RR., 3 miles; Stoekbridge & Pitts­
field RR., 22 miles; total, 127. miles. The preferred 8 per cent stock was
Issued in 1845 to pay for laying the road with heavy iron. The com­
pany has voted to issue $700,000 of 5 per cent bonds to take up $100,000
prior bonds, and to lay steel rails. There are also $200,000 rolling stock
ijeriiticates. Operations and earnings for four years past as follows:
|1S;; ,,
Passenger Freight (ton)
Gross
Net Div.
Years.
Miles.
Mileage.
Mileage.
Earnings.Earnings. Pref.
6,310,830
> 8 7 8 -9 .... 127
12,741,554 $598.335
$248.420
8
5r«79—(0 .. 127
7,32 3,080
17,890,190
740.997
247,283
8
T880-81.. 127
7,846,-94
17,277,336
754.513
273.981
8
1 8 8 1 -8 2 . 127
8,546,740
17,510,670
746,328
253,203
8
-r(V. 33, » , 559.)
Houston East d West Texas.—Deo. 31,188 2. owned from Houston, Tex.,
to Lola, Tex., 135 miles. (Narrow guage, 3 feet.) It is intended
to build to Marshall. The company has a Texas laud grant of 10,240
acres for each mile constructed and equipped. Bonds issued to the extent
Of $7,000 per mile first mortgage and $5,000 per mile second mort­
gage. Stock authorized, $10,00 >,0(jO ; issued, $1,50',000. G'-oss
earnings 1881-2, $25 1,079; net, $ 1 4 3 . 1 9 interest on bonds, $56,795.
The surplus of $86,4 »1, and cash from land sales, $50,65 ', were
^applied to construction. From October, 1882 to May 1. 1833, gross
»arcings. $17H,909; net, $10 ,11«. (V. 31, p. 292, 316, 489; V. 35. »
3.89, 339; V. 36, p. 510, 731 ; V. 37, p 75.)
{ Houstoii d Texas Central.—Dog. 31,1882, owned from Houston. Tex.,




Bonds—Princi­
OR DIVIDENDS.
pal, When Due.
Where Payable, and by Stocks—Last
Whom.
Dividend.
N.Y.Nat.CitV Bk.&Galv. July 1, 1909
Now York.
Oct, 1, 1923
N. Y., Company’s Office
N. Y., B’k. No. America.
N. Y., Farm. L. & T. Co.
N. Y., B’k. No. America.
do
do
do
do
Phila., Co.’s Office.
do
do
Phila., Third Nat. Bk.

Feb. 15,1883
Mar., 1885
Jan. 1, 1888
Mar. 1,1911
Jan., 1892
Jan., 1892
July 10,1883
July 1, 1913
Jan. 1, 1904
Deo. 1, 1882

Bridgeport & Boston.
Bridgeport, Office.
do
do
do
do
N. Y.. Union Trust Co.
do
do
N. Y., J. J. Cisco & Son.
do
do
do
do
do
do
do
do
do
do
Philadelphia, Office.
do
do
do
do
do
do
N. Y., 214 Broadway,
do
do
London.
London,Morton R.& Co.
do
do
N. Y., 214 Broadway.

July 16, 1883
Aug. 1, 1885
July 1, 1889
April l| 1910
1898
Jan. 1, 3913
July 1. 1891
July 1, 1891
July 1. 1903
Oct. 1, 1912
May 1, 1915
April 1, 1921
Oct. 1, 1890
Feb. 1. 1895
April 1, 1895
Deo. 1, 1889
Sept. 1, 1883
July 2, 1883
April 1, 1895
April 1, 1903
Dee. 1, 1905
Jan. 1. 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 case of other Texas roads, are not on the line
of the road, though some of the lands will be made available, it is re­
ported, by the construction of other Texas roads. Mr. Morgan, of the
Louisiana SS. Line, bought a controlling interest in the stock, and in
Feb., 1883, the Southern Pacifiq. syndicate purchased this interest
($4,400,000 of th» stock) with their purchase of the Morgan property.
Total stock is $7,726,900. (See V. 36, p. 212.) The general mortgage
of 1881 for $18;500,000 is made to the Farmers’ Loan & Trust Co. as
trustee. Last report of earnings on the 522 miles gave the following:
HP
Gross Earn’gs.
N etE am ’gs.
1880 (522 m ile s)......',__ . . . . . . .......
$3,741,000
$1,733,677
1881 (522 miles).......................................... 3,748,655
1,606,782
1882 (522 m iles)............... .......................... 3.156,517
1,407,613
The payments out of net earnings w ere: Interest on funded debt,
$1,193.255; on floating debt, »$53,858; other payments, $160,499;
total, $1,407,613. (V. 35, p. 77, 161, 237, 653; V. 36, p. 80, 212.)
Huntingdon d Broad Top.—Dee. 31,1882, owned from Huntingdon,
Pa., to Mt. Dallas, Pa., 45 miles; branches—Shoup’s Run, 9 miles; Sixmile Run, 5 miles; and SandyRun, 3 miles; total operated, 62 miles;
Tnis road was opened in July, 1856. The capital stock is $1.363,050 com­
mon and $1,983.500 7 per cent pref. stock. Earnings in 1881, $332,653;
net, $183,363. In 1382, earnings, $320,434; net, $176,185. (V. 32, p.
155, 868.)
Illinois Central.—Deo. 31,1882, mileage was a3 follow s: Main line—
Chicago to Cairo. 365miles; Dunleith toCentralia, 311 miles. Branches—
Otto to Colfax, 111., 60 miles; Buckingham to Tracy, 111., 10 miles ;
Kempton June, to Kankakee Juno., 111., 42 miles; Kosciusko Juno, to
Kosciusko, 18 miles; Durant to Lexington, Miss., 12 miles; Gilman to
Springfield, 111 miles. Total owned, 958 miles. Leased—Dubuque to
Iowa Falls, 143miles; I6wa Falls to Sioux City, 183 miles; Waterloo
to Minnesota State Line, 76 miles. Total leased, 402 miles. Total oper
ated Deo. 31, 1882, 1,360 miles. On Jan. 1,1883. took formal possession
of the Chii. St. L. & N. O. RR., 543 miles, to he known as "Southern
Division," and making 1,909 mites 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 are
given under the names of those companies. The general mortgage of
1874 provides for all bonds outstanding. The Illinois Central was
one of the first, and has been one of the most successful, of the land
rant roads. The company acquired a controlling interest in the
hicago St. Louis & New Orleans Railroad, to which it made large
advances, and owned December 31, 1881, $6,670,000 of the stook
and $3,632,000 of the 5 per cent gold bonds. From July 1, 1882,
leased the Chicago St. Louis & New Orleans for 400 years, at 4
per cent per annum on stock, and issued the above 4 per oeut leased
line stook, exchangeable for the Ch. St. L. & N. O. stock. The Chio. &
Sprtngf. RR.was a reorganization of the Gilman Clint. & Spring, in 1877,
and is leased to the Illinois Central and virtually owned by it.
In Feb., 1883, a dividend of 17 per eent in the leased line stook was
declared, payable in July, 1883—17 shares of leased line stook to each
IOO shares Illinois Central. Income for four years has been as follows

g

INCOME ACCOUNT.

Total gross earn’g s ..
Receipts—
Netearnings. . . . . . . .
ruterest. ................
Miscellaneous..........
Total net incom e..
Disbursements—
Rent’lspd.on ia.lines
Interest on debt.......
Taxes.......... .............
Dividends.......... .-...
Construction in Illinois during year...

1879.
7,249,183
3
4,207,763
102,321
113,461

1830. .
8,322,127
$
4,631,840
112,000
165,551

1881.
8,586,397
$
4,428,231
161,105
286,224

1882.
8,905,312
$
4,906,746
181,825
145,732

4,423,545
$
615,830
669,484
395,011
1,740,000

4,909,391
$
708,702
672,600
444.125
1,740,000

4,875,560
$
735,696
668,000
465,352
2,030.000

5,234,303
$
761,227
531,000
484,750
2,030.000

386,016

812,323

925,380

1,271,45a

4,407,750
4,824,428
Total disbursem’ ts 3,806,341
5,078,429
501.611
51,132
617,204
155,874
Balance, surplus . . . .
The Chicago St. Louis & New Orleans owned from New Orleans,
La., to Cairo, 111., 549 miles; branch: Kosciusko Junction, Miss.,
to Kosciusko, Miss., 18 miles; leased, 5 miles; .total operated, 572
miles. The Chicago St. Louis & 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 all the outstanding bonds prior
to the 5 per cent bonds, and, by an indorsement on the latter bonds,
guarantees the payment of the interest on the same until the principal
is paid. O f the first mortgage bonds, $541,000 are a prior lien on
that portion of the road in Tennessee. The consolidated 5 per cent
mortgage bonds p f 1951 are to be issued only for redemption of. prior

A ugust ,

1883. j

R A IL R O A D

STOCKS

AND

BON DS. *

xx xvii

Subscribers w ill eonfe* a great favor by g iv in g Im m ediate notice of any error discovered in these Tables.
DESCRIPTION.
Court*—Princi­
In t e r e s t o r d iv id e n d s .
Miles Date Size or
pal,Wneu Due.
' Amount
of
of
par
elate per When Where Payable and by Slocks—Last
Outstanding
on first page of tables.
Road. Bonds Value.
Cent.
Pay’ olt
Whom.
Dividend.
do
2d M.
do
do
do
do
1st mort.,
do
do
2d mort.,
do
do
do
1st mort..
do
do
2d mort..
do
•Illinois Midland—1st mortgage, g o ld .............
Indiana Bloomington & West—Stock...............
1st mort.,pref., ooup. or r e g ........................
1st mortgage, coup., may be reg...................
Income bonds, reg., convertible..................
Consol, income bonds for $ 6 ,0 0 0 ,0 0 0 ........
2d mortgage, coupon or reg............................
1st mortgage, gold, Eastern Division..........I.........
Indianapolis Decatur <£ Springfield—1st mort., gold
2d mortgage, gold.............................. ............... .
Ind. <&Evansv —1st M., gold (for $3,380,000), $ & £
Indiana Illinois <&Iowa—Stock........ .........'.......... .
Indianapolis di St Louis—1st mort., in 3 series.......
New mortgage for $2,000,000................ . ; ............
Indianapolis & Vincemies—1st mortgage, guar.......
2d mortgage, guaranteed.........................................
Iowa Falls <&Sioux Oily—Stock...................................
1st mortgage. April 1 ,’69____ .'......................... .
Ithaca Auburn & West.—1st mort. (for $500.000)___
2d mortgage, (income for 3 years)..........................
Jacksonville Southeast.—1st mortgage................. ■...
Jefferson (Pa.)—1st & 2d morts. (Hawley Branch)..
1st mortgage (Susquehanna to Carbondale)..........
Jeffersonville Madison <£ Indianapolis—Stock . . . . .
Jeff., Mad. & Ind., 1st M. (s. f. $I5,00o per year),
do
do
2d mort. ($100,000 in 1882)..
Jersey Oily <&Bergen—1st mortgage................. .......
Jersey Shore Pine Greek <£ Buff.—1st mort., guar___

101
206
224
185
185
567
567
All.
147
683
202
202
202
342
202
140
152
152

1878 $1,000
$910,000
1856
1,000
2,8 ) 5,000
1860
1,000
1.483,000
1854 500 &e.
200,000
1865 100 &c.
747,000
1877
1,000
1,400,000
1877
1,000
80,000*
1881
1,000 11,275,0i»0
1875
4,175,000
__
100 1<>,060,800
1879 100 &c.
1,000,"00
1879 500 &c.
3.500,000
1879 100 &c.
72,300
1881
1,000
4,565.600
1879 500 &c.
1.500,000
1881
1,000
3,000,000
1876
1,000
1,800,000
1881 500 &c.
1,000,000
1881
500
1.1 Ort.OOO
___
63
1,386,000
72 1869
1,000
2,000,000
72 1883
(?)
117 1867 500 &c.
1,700.000
117 1870
1,000
1,450,000
184
100
4,623,500
184 1869 500 &c.
2,947,500
3812
294,000
498,090
38i2 1877 100 &c.
54 1880
300,000
1,000
9 1867
1,000
300 cOO
38 1869
1.000
2,000,COO
__
224
100
2,000,000
159 1866
1,000
2,66o,000
159 1870
1,000
2,000,000
6
375,000
1883
3.500.000

bonds, and their issue does not increase the debt, which is limited to
$18.000,000. (V. 34, p. 1 4 4 , 177, 2 2 8 , 367, 489, 637; V. 35, p. 374,
487, 575, 637; V. 36, p. 195, 298, 3 1 0 , 560.)
Illinois Midland—June 30,1882, operated from Terre Haute, Ind., to
Peoria, 111., 173 miles, of which 148 miles are owned and 28 miles leasedThis was a consolidation Nov. 4,1874, of the Peoria Atlanta-* Decatur,
Paris & Decatur and Paris & Terre Haute. Receiver appointed Sept.
11, 1875. In April, 1883, floating debt $600,000. and receiver’s certif­
icates $700,000.
In 1880-81, gross receipts, $385,615 ;j expenses,
$395,391; in 1881-82, gross, $290,229; net, $12,519. Stock. $2,000,000. D. H. Conklin, Receiver. (V. 32, p. 636; V. 33, p. 124; V. 34, p.
366, 399; V. 35, p. 2 1 ; V. 36, p ..471; V, 37, p. 151.)
Indiana Bloomington <£ Western.—Dec. 31, 1882, owned from In­
dianapolis, Ind., to Pekin, 111., 202 miles, and Indianapolis to Springfield, O., 142 miles. Leased, Indianapolis to Decatur, 153 miles; Pekin
to Peoria. 9 miles; Springfield to Sandusky, O., 130 miles; Cary, O., to
Fjndlay, O., 16 miles; Springfield to Columbus, 45 miles. Total operated
696 miles. This was a consolidation in March, 1881, of the Ind. B. &
W. and the Ohio Ind. * Pacific. The Cincinnati Sandusky & Cleveland
and branch was leased in April, 1881; but of this, 24 miles (Springfield,
O., to Dayton) is leased to Cincinnati & Springfield. In Decem­
ber, 1881, leased the Indianapolis Decatur & Springfield road, guar­
anteeing $200,000 per year.
The former Indianapolis Bloomington & 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 6 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 annum, as the net earnings may suffice to pay. $830,000 stock
fienp 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 in
1881 and 1882 was as follows:
401
Miles operated Dec. 3 1 . . . . . . ...............................
Receipts— ,
$
Gross earnings.............................................. .
l ,826,066
Net earnings..............
691,192
Disbursements—
,
Rentals paid............................................. . . . . . . . 253,276
Interest on debt....................................I”
196,119
Miscellaneous.............................................................. 30,306

.

696
$
2,740,227
888,653
. .
575,770
327,738
28,456

Total disbursements.....................................
479,701
931,964
Balance.............................................................. ..
211,491
d ef. 43,311
—(V. 34,231, 316, 521, 522, 549, 7 1 3 ; V. 36, p. 139, 623, 673.)
Indianapolis Decatur <£ Springfield.—Deo. 31, 1882, owned from
Decatur, 111., to Indianapolis, Ind.. 153 miles. This company is successor
to the Indiana & Illinois Central Railroad. In Dec., 1881, was leased to
Indianapolis Bloomington & W. for 50 years, at 30 per cent of gross
earnings, but with a guarantee of $200,000 per year. A new adjustment
proposed m April, 1881 (seeV. 32, p. 501, V. 33, p. 303), w k s partly
carried out, and the above 2d mortg. bonds issued, and $2,850,000 of 7
per cent pref. stock. But some hitch took place, and in Nov., 1882,
tlie trustees of tlie old 2d mortgage took possession of tlie road, subject
to the lease to I. B. & W. Common stock is $500,000. Gross earnings
in 1879-80, $339,850; net, $142,684. In 1880-81 gross, $191,487 ; net,
|1o9 j178. (V. 34, p. 6 2 ,23 1 ; V. 35. p. 373, 575, 637, 658; V. 36, p.
Indianapolis <B Evansville.—In progress Indianapolis to Evansville.
Bonds issued in London May, 1881. R. G. Hervey, President, Evansv “ 4®>¿J®- In February, 1882, an attachment for rails sold was issued.
—(V. 34, p. 231, 316; V. 36, p, 427.)
Indiana Illinois <6 Iowa.—la. progress, and in April, 1883, in opera° ? 1 Comencé. 111., to N. Judson, Ind., 110 miles. It is owned by a
syndicate, and neither stock nor bonds have been marketed. For 63
miles, Streator to Momence, $1,386,000 bonds were to be given. J. D.
Harvey, President, Chicago, HI. (V. 35, p. 373, 546, 575.)
Indianapolis <£ St. Louis.—Dec. 31,1882, owned from Indianapolis to
£ eJ ^ Haut«e’ I ntL’
J™les: leased line, St. L. A. & T. H, 189 miles, and
branches, 6 miles; total operated, 267 miles. The lease of the St. L. A.
& 1 .H . was guaranteed by three other companies, and suit has been
Pending as to the rental. The company was controlled by the Pennsyi2 3 5 » p ^ p a n y , which owned the st< ck of $600,000, in connection with
the Cleve. Col. Cm. & Ind. Of the first mortgage bonds series “ A ” are J.
& J.; series B, M. & S.; series “ C,” M. & N. Interest bad not been
paid on tbe second mortgage and equipment bonds since April, 1878,
andón July 28,1882, the road was sold in foreclosure for $1,396,000
(subject to 1st mort.) and bought for Clev. Col. Cin. & Ind. Co. and a




5

8

8
7
8
7
6
5 g.
7,g.

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

& A, N. Y., 214 Broadway,
& J
do
do
&O
do
do
& N.
do
do
& A.
do
do
& N.
do
do
J. & D
do
do
J. & D.
do
do
J. & J.

"7
J. ’&
4 to 0 A. &
6
J. &
6
I. &
4 to 6 J. &
6 g. J. &
A. &
I g.
g- J.
&
5
6 g. A. &

J.
O.
J.
J.
J.
D.
O.
J.
O.

N. Y., Corbin Bank _■Co
do
do
do
do
do
do
do
do
do
do
N. Y., First Nat. Bank.
N. Y „ 67 Wall Street.
London and New York.

Various N. Y., Union Trust Co.
7
6

1%
7
7
7
6
7
7
1*3
7
7
7

Aug. 1, 1921
July 1, 1886
Oct. 1, 1890
Nov. 1, 1884
Feb, 1, 1886
Nov. 1, 1897
Dec. I, 1907
June 15,1951
Jan. 1, 1905
Jan. 1,
Ap il l,
April 1,
July 1,
April 1,
June 1,
April 1,
July 1,
April 1,

1900
1909
1919
1921
1909
1921
1906
1911
1911

July 1, 1919

F. '& A.
M. & N.
Q. —M.
A. & O.
J. & D.
J. & J.
J. & J.
J. & J.
J. * J.

N. Y., Farm. L. & T. Co.
1908
do
do
1900
Boston.
Sept. 1,1883
N. Y., Nat. Park Bank. Oct. 1. 1917
N.Y., Hanover Nat. Bk.
1907
do
do
Jan. 1. 1907
N. Y., Am. Ex. Nat. Bk July 1; 1910
Houesdale Nat. Bank. 1887 & 1889
N. Y., by Erie Railroad. Jan. 1, 1889
N. Y., Farm. L. & T. Co. May, 1881
Q .-F .
A. & O.
do
do
1 Oct. 1, 1906
J. & J.
do
do
July 1, 1910
1933

new company organized September, 1382, with J. H. Devereux as
President. Operations and earnings for four years past were:
Passenger Freight (ton)
Gross
* Net
v
Years.
Miles. Mileage.
Mileage.
Earnings. Earnings. ’
1879.............. 266 12.209,092 102.63 \114 $1,491,376 $191,149 '
1880............. 266 15,285,443 148.947.237 2,009,922
608.413
1881............. 266 19.479.278 196,029,304 2,043,651
187,670*
188 L .
266 21,008,318 202.985,7
2,086 776 df. 111.608
—(V. 3 4, 344, 435, 572, 604, 686; V. 35, p. 103,160, 211, 265, 297, 347,
373; V. 36, p.8.0, 427.)
’ *>,*■*<,
Indianapolis <£■ Vincennes.—Dec. 31. 18S2, owned from Indianapolis,'
Ind., to Vincennes, Ind., 117 miles. The Pennsylvania Company owns a
co ntrollinginterest in the stock and operates the road, advancing the
deficiency to pay interest on tbe bonds. The capital stock is $1,402,000.
In 1880 the net earnings were $60,506; in 1881, $10,260; in 1882,
$ 19 , - 50 . Annual interest on debt amounts to $206,000.
'
Iowa Falls <£•Sioux City.—Mareh 31,1883, owned from Iowa Falls. Ta.,
to Sioux City, la., 184 miles. This road was opened in 1870 and is
leased to the Illinois Central for 20 years from Oct. 1,1867, at a rental
of 36 per cent of tlie 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 ct. on business to and from their line
over tbe Dub. & S. City RR., and receives rental for 26 miles of its road
used by the Sioux City * St. Paul Co. In the year ending March 31,
1^83, the total rental was $307,243; receipts from sales or lands,
$530.000; the total income was $901,276, and all expenses, including
dividends, $524,824. The contingent fund invested is $1,150,00(£ Lands remaining unsold, 60,302 acres. Horace Williams is Presi­
dent, Clinton, la. (V. 34, p. 114, 6 6 2 : V. 35, p. 347, V. 36, p. 589.)
Ithaca Auburn <& Western.—Dec. 31,1882, owned from Freeville to
Auburn, N. Y ^B S^ miles; track to Cortland, 11 miles, used. TheN.
Y. & Oswego Midland RR., Western Extension, was sold in foreclosure,
and tms company organized Sept. 20, 1876. as the successor. The
stock is $970,000. On April 1, 1883, was leased and operated by
Southern Central of New York. H. R. Low. President, N. Y. City. (V.
36, p. 479.)
Jacksonville Southeastern.—July 1.1882, owned from Jacksonville to
Litchfield, 111., 54 miles. This was the Jacksonv. Northw. & Southeast.
RR., projected from Jacksonville to Mt. Vernon, 125 miles, Bonds
were issued at $20,000 per mile, amounting to $600,000. In 1879 the
company was reorganized by the bondholders under this name. In 1880
the road was extended 23 miles and bonds issued. Stock $ 1,000,000. In
year ending June 30, 1882, gross earnings, $117,117; net, $23,924»
(V. 35, p. 625.)
Jefferson.—Sept. 30,1882, owned from Susquehanna Depot, Pa., to Car­
bondale, Pa., 37 miles; branch, Hawley, Pa., to Honesdale, Pa., 8 miles:
total, 45 miles. Leased in perpetuity to the Erie Railway for $140,000
per annum, and now operated by the N. Y. Lake Erie & West. -Capital
stock, $2,096,050. Edward Clynier, President, Reading, Pa.
Jeffersonv. Madison <&Indianapolis.—Dec. 31,1882, owned from Louis­
ville, Ky., to Indianapolis, Ind., 110 miles; branches—Madison, Ind., to
Columbus, Ind., 46 miles; Columbus. Ind.. to Sheibvville, Ind., 24 miles;
Jeffersonville, Ind., to New Albany, Ind., 6 miles; Shelby & Rush RR.,
18 miles; Cambridge Extension, 20 miles; total operated, 2 2 4 miles.
The road was leased anew from January 1,1880, to the Pennsylvania
Company, the lessees to pay over all the net earnings to the J. M. & I.
cp* In L681 the Penn. Company purchased $1,939,000 of the stock.
Dividends were at the rate of 7 per cent per annum till May, 1880, and reduced afterward. Earnings for four years past were as follows:
Years.
Miles
Gross Earn.
Net Earn. Div. p. c.
1879
.............. 186
$1,246,333
$492,863
7
1880
.............. 186
1,388.565
541,538
6%
1881
.............. 186
1,462,802
365,043
3
1882............ . ......... 201
1,545,198
356,807
nil.
-I V . 32, p. 2 0 5 .)
Jersey Oity & Bergen.—Dec. 31.1882, owned from Jersey City to Bergen
Pt„ N. J., 6 in. In 1881 gross earnings, $260,798; net. $$6,511; m 1382
gross, $283,884; net, $86,105. Stock, $250,000. William Keeney, Presi­
dent, Jersey City.
Jersey Shore Pine Greek <£ Buff do.—From Catawissa Junction, to
Stokesdale on the Corning C. & A. Road, 75 miles. It is a connection
between Reading lines ami N. Y. Central, and bonds are guaranteed by
these companies and the Corning C. * A. All stock and nonds held by \
Mr. W. H. Vanderbilt and no information. See V. 36, p. 54, 560, 675.
Joliet <&Northern Indiana.—Dec. 31, 1882, owned from Joliet, HI., to
Lake Station, Ind., 45 miles. Operated as part of the Michigan Central
mainline. Road opened in 1854 and leased to the Mich. Cent. Abovo
issue of bonds definitely guaranteed was given as a compromise in
place of old 8 per cent bonds. Stock ($300,600) carries dividends of 8
per cent per aunuifi.
Junction (Philadelphia).—Deo. 3 1 ,1 8 '2 , owned from Belmont, Pa., 1o
Gray’s Ferry, Pa., 3 6 miles It connects various lines coming into Phila­
delphia. Capital stock, $250,900. Net over operating expenses in 1881,
$69,956; in 1882, $124,920. Six pei cent paid in April, 1882, and 10
per cent in September, 1882. (V. 32, p. 420.)

f. xxxvni

• R A IL R O A D

STO CK S

AND

BON DS:

[VoL. X X X V II.

Subscribers w ill confer a great favor by g iv in g Im m ediate notice o f any error discovered in these T ables.
Bonds—Princi­
INTEREST
DESCRIPTION.
pal,When Due.
Miles Date Size, or
Amount Rate per When
Stocks—Last
Par Outstanding
For explanation of column headings, &c., see notes of
of ;
Dividend.
Whom.
Cent. Payable
on iirst page of tables.
Road. Bonds Value.
Joliet d Northern Indiana—1st mort., guar by M. C.
Junction (Philadelphia).—1st mortgage..................
2d mortgage..... .......... . . . . . ..................................
Junction d Brcakivatc)— Funded debt (Del. St. loan)
2d mortgage.................................. . ...........................
Kansas Central—1st mortgage (for $3,200,000)__
Kansas City Fort Scott d Gulf—Stock, common.......
Stock, preferred..... . ................... ..............................
1st mortgage, land, grant, sink, fund.....................
Mortgage oil branches....................................... —
.................................. r...........
do
do
Kansas City Laterence d Southern Kansas—1st mort
Southern Kansas & Western—1st mortgage........ .
Sumner County RR.—1st m ortgage...................... Ottawa & Burlington R R .—1st mortg., guar........
Kansas City Springfield d Memphis—1st m ort..—
Kentucky Central—sto ck ............................................
—
3d m ortgage......................................
Maysville Division mortgage..................................
' General mortgage..... ....................................... —
Keokuk dDes Moines—1st M., mt. guar. C. R. I. & P.
Knox d Lincoln—1st m ortga ge.. .............. — . . . .
Lackawanna d Pittsburg—Mortg. (for $2,000,000)
Allegany Cent., 1st mortgage, "gol d ........................
do
2d mortgage, gold — .................
do
Income mort., not cumulati—
Lake Erie d Western—Stock.......................................
1st mortgage, gold............................. ......................
Income bonds convertible (not cumulative)........
Sandusky Extension, 1st mortgage........................
do
do
income bonds.......................
Lafayette Bloom. & Muncie, 1st mort., gold.........
do
do
income M. con. (non-cumul.)
Lake Ontario Southern—1st mortgage, g o ld ............
Lake Shored: Michigan Southern—Stock...................
Guaranteed 10 per cent stock.................. ............ .

44
3-6
3-6
45
168
363
363
159
196
26
175
149
18
42
281
150
80

1877
1862
1865
1860
1876
1881

$1,000
1,000
1,000

1879
1880
1882
1879
1880
1880
1880
1883

1,000
1,000
1.000
500 &c.
1,000
1,000
1,000
1,000

1855

1.000

l.OÖO

i,66 b
150 1881
162 1878 loó &c.
49 ’ 69-’72
61
62
386
165
21
21
200
20G
50
1177

1881
1882
1882
1879
1879
1880
1880
1879
1879
1880

1,000
500 &c.
i,6oo
1,000
1,009
1,000
1,000
1,000
1,000
100
100

Junction d Breakwater.—Dec. 31,1882, owned from Harrington to
Lewes. Del., 40 miles; branch to Rehoboth, 5 miles; total operated. 45
miles. Gross earnings, 1881, $83,693; net, $30,924. Gross in 1882,
$112,864; net, $51,119. Stock is $306,000. N. L. McCready, Presi­
dent, New York City. (Y; 34, p. 625.)
Kansas Central—July 1,1883, owned from Leavenworth to Miltonvale, 168 miles. Sold under foreclosure of first mortgage April 14,1879.
Reorganized April, 1879. Gross earnings in 1882, $169,554; net.
$5,864. Stock, $1,348,000. Sidney Dillon, President,
Kansas City Fort Scott d Gulf.—Deo. 31,1882, mileage was as follow s:
Main line—Kansas City to Baxter Springs, 160 miles; 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 Hill, 28 miles; Fort Scott Junction to Springfield, 100; Coal:
vale to Cherokee, 26. Total operated. Dec. 31,1882, 387 miles.
This coinpany was organized April 1, 1879. as successor to the
Missouri River Fort Scott & Gulf, which made default October 8,
1873, and was sold in foreclosure February 4,1879. The first mort­
gage bondholders of the old road took 80 per cent in the new mort­
gage bonds, and for all other claims stock was issued. Operations and
earnings for three years past have been as follows:
Net
Passenger Freight (ton)
Gross
Mileage.
Earnings. Earnings.
Mileage.
Years.
Miles.
49,435,645 $1.222,867 $525,915
1880. .
. . . . . . . . . 305 8,819,638
672,764
59,007,866 1,503,215
31311,594,779
1 8 8 1 ..............
75,145,006 1,703,200
749,679
1 8 8 2 ..
......... 337 13.376,180
— (V. 35, p. 457; V. 36, p. 312,427, 4 5 2 ; V. 37, p. 48.)
Kansas City Lawrence d Southern Kansas.—Dec. 31,1882, owned from
Lawrence, Kan., to Coffeyville (Indian Ter. Line), 144 m iles: branches—
Ottawa Junction to Olathe. 32 miles; Olathe to Waseca, 14 miles;
Cheryyvale to Harper Kan., 149 m iles; Wellington, Kan., to Hunnewell,
Kan.', 18 miles; leased, Ottawa & Burlington RR., 42 miles; total oper­
ated. 3bS miles. The Kansas City Lawrence & Southern Kansas was
formerly the Leav. Law. & Gal. RR , which was sold in foreclosure Aug.
9,1878, and purchased by bondholders, and the present company organ­
ized May, 1879. In November, 1880, the consolidation of the three
roads above named was made, and the consolidated stock of $3,759,Oi O
was purchased in the interest of the Atchison Top. & S. Fe with the 5
per cent bonds of that company (through its auxiliary corporation, the
Kansas City Topeka & Western), according to the terms of the circular
published in the Chronicle of Nov. 27, 1880 (V. 31, p. 559). The
present bonds carry 4 per cent till 1882, 5 in 1882-3, and 6 thereafter.
—(V. 32, p. 16; V. 33, p. 74; Y. 36, p. 399, 559 ; V. 37, p. 23, 99, 127.)
Kansas City Springfield d Memphis.—This organization embraces
two corporations under the laws of Missouri and of Arkansas to build a
road from Springfield, Mo., to Memphis, Tenn., 281 miles, at an estimated
cost of $7,000,600. The Kan. City Ft. Scott & 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 needed. Each holder of 50 shares K. City Ft. S. &
G. stock had the right to take $1,500 in stock of the new Missouri cor­
poration for $1,500 in cash, with $2.000 of the bonds for $500 in cash—
making $3,500 for $2,000 cash. (Y. 33, p. 153; V. 35, p. .71, 297, 313,
»46,762, 763; V. 26, p. 453.)
Kentucky Central.—Dec., 31,1882, owned from Covington, Ky., to Lex­
ington, Ky., 100miles, and Paris, Ky., to Maysville, Ky., 50 miles; total
operated, 15.0 miles. This was formerly the Covington & Lex. RR.,which
was foreclosed in 1859. In 1875 the present company was formed, and
took possession May 1,1875. The Maysv. & Lex. RR. was taken Nov.
17,1876. In June, 1881, a majority ot the stock was purchased by Mr.
C. P. Huntington of the Chesapeake <fe Ohio road, and an extension
from Paris to Livingston, Ky., 70 miles, will be completed in 1883.
Enough of the general mortg. of 1881 is reserved to retire the prior
bonds. The fiscal year now ends Dec. 31. Annual report for 1882
in Chronicle, V. 36, p. 534. Operations and earnings for two years
past:
INCOME ACCOUNT.

Receipts—
1881.
Total gross earnings........................................... $705,127
Net earnings.............................................................$214,472
Disbursements—
Rentalspaid...... ....... .............................
$28,000
Interest on d e b t................................. . . ..............
70,875
Taxes ............................ . . . . . ......... ............. .........
17,732
-Dividends................................ ..- .........................
73,252
Miscellaneous........................................
23,885

$800,000
425,000
300.000
400,000
250.000
1,348,000
4,618,000
2,750,000
2,560,400
2.374,000
212,000
2,940,000
1,769,000
248,000
500,000
7,000,000
5,584,800
220,000
400.000
6,036,000
2,750,000
2,335,000
(i)
600,000
150,000
300,000
7,700,000
1,815,000
1,485 000
327,000
600.000
2,500 OCC
1,000,000
994,300
49,466,500
533.500

7
¿la
6
4
4
6
3
4
7
7
5
5 to 6
7
7
6
6
l
7
7
6
5
6
6
6 g.
6 g.
6
6
7
6
7
6
7
6
2
5

J. & J. N. Y., Farm. L. & T. Co.
J. & J. Phila., 233 So. 4th St.
do
do
A tfc 0.
J. & J. Lewes, Del., Treasurer.
do
do
F. & A.
A. & O. Office, 195 Broadway.
Boston,
F. & A.
F. & A.
do
,). & J. Bost., Nat. Webster Bk.
M. & S.
do
do
F. & A.
do
do
A. & O. Boston. Nat. Union Bk.
J. & J.
do
do
M. <& S.
do
do
A. & O.
M. & N.
Boston. Office.
M. & N.
Cincinnati.
J. <fc D. N. Y., Bank of America

July 10,1907
July 1. 1912
April 1, 1900
1890
Feb., 1896
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

J. & J. N. Y., Morton, B. & Co. July 1, 1911
A. <fc O. N. Y.,Farm. L. & T. Co. Oct. 1, 1923
Various Bost., Hide & L’ther Bk. 1880-1902
J. & J. N.Y., Post,Martin & Co, Jan. 1, 1922
.. . .

Jan’ary

Jan." ijÏ 9 1 2

g. F. & A. N. Y., Metropolitan Bk Aug. 15.1919
do
dn
August.
Aug. 15, 1899
F. & A.
Aug. 1, 1919
do
do
Aug. 1, 1920
g. M. & N N. Y., Metropolitan Bk May 1, 1919
- Yearly
May 1, 1899
do
do
g. A. & Ö. N. Y., Union Trust Co, July 1, 1905
Aug. 1. 1883
N.Y.,Grand
Cent.Office,
Q .-F .
Aug. 1. 1883
F. & A
do
do

cent of the gross earnings to this company, but guarantee the interest
(not
principal) on the ore lent bonds. The stock is $1,524,600 of 8
per cent preferred and $2,600,400 of common, a majority of which is
held by the lessee. In the year 1879-80 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 d Lincoln —Sept. 30,1882. owned from Bath, Me., to Rockland,
Me., 49 miles. The stock is $364,580. John T. Berry, President, Rock­
land, Me. (Y. 32, p. 356; V. 34, p. 204, 316.)
Lackawanna d Pittsburg.—A consolidation in April, 1883, of the
Allegany Central and the Lackawanna & Western. Capital stock,
$3,000,000, of which $1,500,000 is preferred. Road when completed
will extend from Perkinsville, Pa.', to Olean, N.Y., with branches, in all
101 miles. See V. 38, p. 453. The A. C. 1st mortgage bonds are redeem­
able any time at 105. (V. 36. p. 453.)
Lake Erie d Western.—June 30, 1882, owned from Sandusky to
Fremont, 22 miles; Fremont to Celina, 99 m iles; branch to Minster, 9
miles; Celina to Muncie, 54 miles; Muncie to 111. State line, 120 miles:
Illinois State line to Bloomington, 81 miles; total operated, 386 miles.
This was a consolidation, Dec. 12,1879, of the Lafayette Bloomington &
Muncie and the Lake Erie & Western, on the basis following: The consol­
idated company to assume all the debts, issue its stock share for share
for the Erin & Western stock, and issue four shares of its stock for each
share of the Lafayette Bloomington & Muncie stock. The line em­
braces the former Lafayette Bloomington & Mississippi road and the
Lake Erie & Louisville. There are also $160,000 in car trust certificates
outstanding. Earnings in ,1880-81, gross, $1,411,776; net, $310,574:
in 1881-82, gross, $1,424,013; net, $388,994. (V. 33,p. 358, 5 0 1 ; V. 34,
p. 146; V. 35, p. 103. 4 5 4 .)
Lake Ontario Southern.- Sept. 30,1881, owned from Sodus Point, N.Y.,
to Stanley, N. Y., 34 miles. This company was a consolidation, Dec. 2,
1879, of the Ontario South and the Geneva Hornellsville & Pine Creek
railroads. Stock, $940,475. Gross earnings in 1880-81, $31,088. (V.
33, p. 412.)
Lake Shore d Michigan Southern.—Dec. 31,1882, owned from Buffalo,
N.Y., to Chicago, 111., 540 miles; branches owned, 324 miles. Other lines
owned as follow s: Detroit Monroe & Toledo, 62 miles; Kalamazoo Sr.
White Pigeon, 37 miles; Northern Central (Mich.), 61 miles; total, 160
miles. Roans leased are as follows: Kalamazoo Allegan & Gr. Rapids,
58 miles; Jamestown & Franklin, 51 miles; Mahoning Coal R., 43 m iles:
Detroit Hills. & Southwest., 65 miles; Fort Wayne & Jackson, 98 miles;
total, 315 miles. Total road owned, leased, and operated, 1,339 miles.
This company was a consolidation of the Lake Shore Railroad and
Michigan Southern & Northern Indiana Railroad May 27,1869, and tho
Buffalo & Erie Railroad August 16, 1869. The consolidated line em­
braces the former roads of the Cleveland & Toledo and the Cleveland
Painesville & Ashtabula railroads.
In 1882,140,500 shares pref. stock and 124,000 shares of common stock
(a controlling interest) were purchased in the N. Y. Chic. & St. Louis
(Nickel-'plate) road, and $6,500,000 of L. S. & M. S. 2d consol, mortg.
bonds issued to pay for it. The Lake Shore also controls Chic. & C. So.
The statement for first six months of 1883 (V. 36, p. 707) gave net in­
come over all charges, $1,741,837, against $1,076,095 in 1882, leaving
a deficit of $236,823 after pajing the 4 per cent dividends.
Tne last annual report is published in V. 36, p. 508, containing the
tables below, showing the operations and the earnings of the road for
a series of years:
OPERATIONS AND FISCAL RESULTS.

Operations1879.
1880.
1881.
1882.
Passengers carried..
2,822,121 3,313,485
3,682,006 4,118,832
Passenger mileage... 141,162,317 176,148,767 207,953,215 227,098,958
Rate per pass p. mile
2*22 cts.
2-13 cts .'
1-98 cts.
2-15 cts.
Freight (tons) moved
7,541,294 8,350,336 .9,164,508
9,195,538
----------mil’ge.
itifci * -1,733,423
am ¡¡fiM *1,851,166 2,021,755
H
~
1,892,868
Freight' (tons)
0-617 cts.
0 628 cts.
0-750 cts.
Av. rate p. ton p. mile 0-642 cts.
Earnings—
.
$
1882.
Passenger................ 3,138,004
3,761,008 4,134,789
4,897,185
$724,363 Freight.'.................... 11,288,260 14,077,294 12,659,987 12,022,577
845,228
911,159
1,176,615
1,305,877
$309,273 Mail, exp,, rents, &c.

$29,000 Total gross earnings. 15,271,492 18,749,461 17,971,391 18,225,639
Operating expenses—
$
$
$
$
130,630
1,811,284
1,815,072 2,^82,510 2,323,789
20,412 Mamt. of way, &c
Maint. of equipment. 1,204,527 2,168,856
1,596,537
1,552,805
Transports expenses 4,626,385 5,307,829
6,275,361
5,968,350
Taxes.........................
437,616
437,639
472,566
503,852
688,709
751,454
709,011
Total disbursements........................................ $213,744
$179,042 Miscellaneous t.......... ' 855,212
$130,231
Balance surplus.......... : .............. ..........................
$728
Total................... 8,934,524 10,418,105 11,278,428 11,057,307
•~(V. 34, p. 146, 2 3 0 , 521, 549, 574; V. 36, p. 252, 5 3 4 ; V. 37, p. 23.)
6,692,963
7,167,832
Net earnings............ 6,336,968
8,331,356
62-76
60-67
58-50
55*56
Keokuk d Des Moines—June 30, 1882, owned from Keokuk, la., to P.c.of op. ex. toear’gs
Des Moines, la., 162 miles. This was a reorganization,-Jan. 1,1874, of
* Three ciphers omitted.
the Des Moines Valley Eastern Div., sold in foreclosure Oct. 17,1873.
t Includes damage and loss of freight and baggage, personal injuries,
The property was leased for 45 years from Oct. 1,1878, to the Chicago
Rock Island & Pac. RR. on the terms follow ing: that the lessee pay 25 per law expenses, rents payable and hire of cars.|
i
'




A u g u st ,

E Â IL R O Â D

1833.]

STOCKS

AND

BON DS.

XXXIX

Subscribers w i ll confer a great favor b y giv in g im m ediate notice o f any error discovered in these Tables.
Bo/ids—Princi­
INTEREST OR DIVIDENDS.
- ____________ DESCRIPTION.
When Due.
Miles Date Size, or
Amount Rate per When Where Payable, and by pal,
Par
Stocks—Last
Of
of
For explanation of column headings, &e., see notes
Cent. Payable
Whom.
Dividend. .
Road. Bonds Value. Outstanding
on first page of tables.
Lake Shored: Michigan Southern—( Continued)—
Consol. 1st mort., (sink:, fund, 1 per cent) coupon.
cio
do
do
registered
Consol. 2d mort., do. (for $25,000,000) coup.& reg.
Labe Shore dividend bonds................ ...............- - •
1st mortgage, sinking fund, M. S. & N. I ..........
3d mortgage (C., P. & A. RR.) registered bonds..
1st mortgage (C. & Tol. RR.) sinking fund............
2d mortgage
do
.........- - - ....................
Buffalo & State line, mortgage bonds.....................
Buffalo & Erie, mortgage bonds........ ....................
Det. Monroe & Tol., 1st mort., coup., guar.. . . . . . .
Kalamazoo & White Pigeon, 1st mortgage..........
Schoolcraft & Three Rivers. 1st mortgage............
Kalamazoo & Schoolcraft, 1st mortgage...............
Kalamazoo Allegan & Gr. Rapids, 1st mortg age...
Kal. Allegan & Gr. Rapids, stock, 6 p. c. guar—
Jamestown & Franklin, 1st mortgage...................
Jamestown & Franklin, 2d mortgage....................
Lawrence—Stock........ ..................................... - .........
1st mortgage___.........................................................
Lehigh & Hudson River—1st mortgage, gold..........
Warwick .Valley, 1st mortgage...............................
do
2d mortgage......... .....................
Lehigh & Lackawanna—1st & 2d mortgages.-..........
Lehigh Pai/ey—Stock ($106,300 is pref.)..................
1st mortgage, coupon and registered.....................
2d mortgage, registered..... ......................................
Consol, mort.,gold, $ & £ (s.fd. 2 p .c.y ’ly)cp.&reg.
Easton & Amboy, 1st mort., guar.(for $6.00C,000)
Delano Land Company bonds, endorsed...............
Little Miami—Stockr common............................... .
Street con. 1st M. bds (jointly with Oin.& Ind.RR.)
Renewal mortgage....................................................
Little Rock <£Fort Smith—S tock .................................
1st M., Id gr’t (1.083,000 acs) s.fd. (for $3.000.000)

1870 $1,000 Ç<£« 7rin nan s
1,000
1870
l
1,000 21,192,000
1873
1,356.000
1,000
1869
5,240,000
1,000
451 1855
920,000
1,000
95 1867
1,595,000
162 1855
1,000
849,000
1,000
162 1866
300,000
1,000
88 1866
2,834,000
88 1868 500 &c.
924,000
1,000
62 1876
400,000
37 1869
100,000
12 1867
100,000
13 1867
840,000
58 1868
610,000
368,000
1,000
51 1863
500,000
1,000
51 1869
450,000
50
22
329,000
1,000
17 1865
800,000
41 1881
145,000
22 1879
240,000
22 1381
600,000
1,000
1877
50 27,603,195
308
5,000,000
1,000
101 1868
6,000,000
1,000
101 1870
1,000 13,8 =>4,000
232 1873
1,000
2,500,000
60 1880
1.395,000
1,000
1872
50
4,637,300
196
1,000
250,000
1864
1,400,000
1,000
84 1882
4,505,308 10
168"
2.476.500
165 1875 500 &o.
864
864
864

1
7
7
7
7 ‘
7
7
7
7
7
7
7
8
8
8
3
7
7
2
7
6
6
6
7
2
6
7
6
5
7
2
6
5
stock.
7

J. & J.
Q .-J .
J. & D.
A. & O.
M. & N.
A. & O.
J. & J. Coupons are paid bv
A. & 0.
Treasur’r at Gr’nd
M. & S.
Central Depot, N.
A. & O.
Y., and registered 1
F. & A.
interest by Union
J. & J.
Trust Company.
J. & J.
J. & J.
J. & J.
. .
A. & O.
J. & J.
J. & D.
Pittsburg Office.
Q .- J.
F. & A. N. Y., Winslow. L. & Co.
J. & J. N. Y., Nat. Exeh. Bank.
A. & O.
A. & O.
Philadelphia.
J. & D.
Philadelphia, Office.
Q.->T.
J. & D. JRe^. at office; cp.B’kN.A
M. & S. Phila., Bank of N. Amer.
J. & D. Philadelphia, Office.
do
do
M. & N.
do
do
J. & J.
Cincinnati.
Q .-M .
Various Cinn., Lafayette Bank.
M. & N. N. Y., Bank of America.
Boston, Treasurer.
I. & J. N.Y.,Wm.C.Sheldon&Co

July 1, 1900
July 1, 1900
Dec. 1. 1903
A p rili, 1899
May 1, 1885
Oct. 1, 1892
July 1, 1885
A p r ili, 1886
Sept. 1, 1886
April 1, 1898
Aug. 1, 1906
Jan. 1, 1890
July 1, 1887
July 1, 1887
Julv 1, 1888
A p r ili, 1883
Var.to J’ly ,’97
June 1. 1894
July, 1883
Aug., 1895
July 1. 1911
1899
1911
Dec. 1. 1907
July 16.1883
June, 1898
Sept., 1910
1898 & 1923
1920
Jan., 1892
Sept. 10.1883
1894
Nov. 2, 1912
July 18, 1881
Jan. 1, 1905

1879-80.
1880-81.
1881-82.
1882.
Disbursements—
$
$
$
$
Interest
on
debt..........
...................
1,630,113
2,268,313
2,019,734
$
Receipts—
7,167,832 General, taxes, floating int., loss
8,331,356
Net earnings.............
on Morris Canal, &c....................
742,953
772,682
375,490
98,392
208.662
Interest, divid’s, &c.
1,108,757 1,522,954
2,350,516
Dividends*.....................................
Pr. onbds.& st’ks sold
Charged for accum. depreciations
990,338 1,070,059
554,349
7,266,224
8,540,018
7,781,638
Total in com e.... 6,509,774
Total disbursements................ 4,472,161
5,634,008 5,300,089
$
Disbursements—
$
$
$
126,420
110,034
105,546
357,087 Balance, surplus............................
282,955
273,925
257,489
Rentals paid.............
* In 1880,10 on preferred and 4 on common;in 1881,10 on preferred
2,714,955
2,622,730
2,612,230
Interest on debt....... 2,616,955
53,350
53,350 and 5 ^ on common ; in 1882,10 on preferred and 6*2 on common. 53,350
53,850
Dividends, guar.......
3,957,320 - (V . 34, p. 86. 145, 489, 549; V. 36, p. 80, 1 3 8 , 169.)
3,957,320 3,957,320
Dividends, ordinary. 3,215,322
8
8
8
Rate of dividend.......
6^
674,949
New cars & engines*.
Little Miami.—December 31, 1882, owned from Cincinnati, O., to
199,597
60,128
Miscellaneous...........
Springfield, O., 84 miles; branch, Xenia, O., to Dayton, O., 16 miles;
leased, Columbus & Xenia Railroad, Xenia to Columbus, O., 55 miles
7,082,712 Dayton & Western Railroad, Dayton, O-.to Indiana State Line, 37 miles;
Total disbursem’ts. 6,203,244
6,916,356
7,771,371
183,512 Ohio State Line to Richmond, Ind., 4 miles; total operated, 196 miles. The
1,623,662
10,267
Balance, surplus___'. , 306,530
Li’tie Miami Railroad proper extends from Cincinnati to Springfield, b u t
* In 1880 this item amounted to $700,000, but was charged to operat­ the portion between Xenia and- Springfield is now operated as u branch ;
ing expenses, and in 1882 it amounted to $1,019,000, but was charged for the remainder of the main fine, as given above, the Col. & Xenia
in general account below.
road, Columbus to Xenia, is used. On Jan. 1,1865, they leased the Day—(V. 34, p. 501, 5 1 8 ,6 1 7 , 637; V. 35, p. 3, 21, 249, 298, 729; V. 36, p. ton & West. (Dayton to Ind. State line) and the Rich. & Miami (Statelina
to Richmond), and on Feb. 4.1865, purchased the road from Xenia to
6 0 8 , 510, 707.)
Dayton; these three roads go to form the branch of 57 miles given
Lawrence.—Dec. 31, 1882, owned from Lawrence Junction, Pa., to above. The partnership agreement was dissolved November 30,1868,
Youngstown, O., 18 miles; branch from Canfield Junction to Coal Fields, and a contract made by which the Columbus & Xenia road, including
O., 4 miles; total operated, 22 miles. The branch was built by another its interest in the above-named branches, was leased to the Little Miami -company and merged in this company April 23, 1873. The Lawrence for 99 years. On December 1, 1869, the Little Miami, with all its
Railroad was leased June 27, 1869, to Pittsburg Fort Wayne & Chicago branches, &c., was leased to the Pittsburg Cincinnati & St. Louis Rail­
RR. at 40 per cent on gross earnings, with $45,000 per year guaranteed road Company for 99 years, renewable forever. The Pennsylvania
as a minimum. Lease has been transferred to Pennsylvania Co., by uhich RR. Co. is a party to the contract and guarantees its faithful execution.
the'Toad is now operated. Gross earnings in 1831, $193,000; net, $35,- Road is now operated by Pittsburg Cin. & St. Louis Railway Co. Lease
124; rental received from lessee, $77,200; in 1882, gross, $126,910; rental is 8 per cent on $4,743,300, interest on debt and $5,000 per
net, $107,191; rental, $90,764. (V. 35, p. 2 0 ; V. 36, p. 252.)
annum for Little Miami Company’s expenses of organization ; the fulfil­
ment of the lessor’s lease obligation is also stipulated. In 1882 the
Lehigh <£- Hudson River.—This road was opened from Greycomt, on gross
earnings were $ 1,8U8,15¡» ; net, $405,350; lease rental, &o., o f*
Erie road, to Belvidere, N. J., 63 miles, August, 1882. Consolidation lessee,
$671,^65; loss to lessee, $266,015, against $267,467 in 1881.
April, 1882, of the Lehigh & Hudson River and the Warwick Valley
roads. In addition to above there are $65,000 Wayawanda 6 p. c. —(V. 32, p. 155, 4 9 8 .)
bonds due 1900. Stock, $1,340,000. In 1881-82 gross earnings,
Little Rock <&Fort Smith.—Déc. 31,1882, ownedfrom Little Rock, Ark.,
$83,691; net, $28,444. (V. 33, p. 201; V. 34, p. 146, 408, 549; V. 35, to Fort Smith, 165 miles; branches, 3 miles; total, 168. In Dec., 1874,
p. 102, 189, 298.)
the property (then 100 miles), including the land grant, was sold in
This company afterwards built 65 miles, and opened the
Lehigh <6 Lackawanna.—Dec. 31, 1882, owned from Bethlehem, Pa., foreclosure.
to Fort Smith July 1,1876. Six coupons of July, 1876, and after
to Wind Gap, Pa., 25 miles. This road was opened in 1867. It is leased road
were
funded
into 7 per cent notes. Total of notes outstanding Deo.,
to the Lehigh Coal & Nav. Co., and opérated by Central RR. of New 1882, $464,747.
June, 1883, it was proposed to fund into 10 year
Jersey. Of the above bonds, $100,000 aré a 1st mort., and $500,000 2d scrip the couponsIn
falling due July, 1883, and January, 1884. In tho
mort. Capital stock, $375,100. Gross earnings in 1881, $ 4 7 ,4 4 l; net, year 1881 the gross
earnings
were $562,650; net, $260,745.. In 1882
$16,526. Gross earnings in 1882, t 53,S39 ; net, $9,981.
gross earnings were $539,133; net. $237,193. The lands unsold Jan,
1,
1383,
amounted
to
695,390
acres and land notes, $571,873; in
Lehigh Valley.—Nov. 30,1882, owned from Phillipsburg (Pa. Lire), N.
J., to Wilkesbarre, Pa., 104 miles; branches—Penn Haven to Audenried, 1881 47,785 acres were sold for $185,705 ; in 1882 49,431 acres sold
18 miies; Hazle Creek Bridge to Tomhieken (and branches), 32 miles; for $167,587. (V. 35, p. 347 ; V. 36, p. 29.108, 5 3 4 , 731.)
Lumber Yard to Milnesville (and branches), 18 miles; Black Creek Junc­
Little Rock Mississippi River & Texas.—Dec. 31, 1882, owned from
tion to Mt„ Carmel (and branches), 61 miles; Slatedale branch, 3 miles; Little
Rock to Arkansas City, 113 miles; Tripps to Warren, 53 miles ;
Bear Creek Junction to Bear Creek, 11 miles; Lackawanna Junction to Rob Roy
to Micawber, 4 miles ; total, 170 miles, This com­
Wilkesbarre, 10 miles; also owns the Easton & Amboy RR., Amboy, pany wasJunction
a reorganization of the Little Rock Pine Bluff & New Orleans
N. J., to Pennsylvania Line, 60 miles; total operated, 323 miles. This is Railroad and
the
Mississippi Ouachita & Red River Railroad. Both
one of the most important of the coal roads, and has been able to main­ those companies received
land grants and State aid bonds. The coupons
tain dividends during past years. It is one of the peculiarities of the due
Jan.
1
were
not
paid, and' scrip was offered. Earnings in 1881,
company’s annual report that no general balance sheet is given. The
net, $129,625; in 1882 gross. $321,862; net, $99,601. The
earnings, expenses and income account for the fiscal years ending Nov. $301,225;
stock is $3,594,600. Elisha Atkins, President, Boston, Mass. (V. 33»
30, were as follow s:
p. 201 ; V. 35, p. 182 ; V. 36, p. 108,139.)
Operations—
1879-80.
1880-81.
1881-82.
Little Schuylkill.—H o y . 30, ’82, owned from Port Clinton to Tamanend,
Passengers carried one mile.......... 19,812,238 23,123,806 27,449.347
28 miles ; branches, 3 miles ; total operated, 31 miles. The East MahaAnthracite coal (tons) moved 1 m.375,303.125 440,626,699 490,420,780 noy
RR., was leased Jan. 12,1863, for 99 years, and sub-leased to Phila.
Other freight (tons) moved 1 mile.166,178,752 202,299,285 216,411.651 & Reading
July 7,1868. The Little Schuykill Railroad is leased to the
Philadelphia
& Reading Railroad for 93 years from July 7,1868, at a
Total freight (tons) moved 1 m ..541,481,877 642,925,984 706,832,431 fixed annual rental.
Of the stock, $158,250 is held by the company, and
Earnings—
•
no dividends are declared on this.
<Coal freight....................................
$5,352,604 $6,678,590 $7,158,744
Long Island—Sept. 30,1882, owned from Long Island City, N. Y., to
Other freight......................................
3,879,574 2,126.397
2,269,021
Passenger, mail, express, &c........
' 530,812
618,871
732,304 Greenport, N. Y ., 95 miles ; branches, 87 miles; total owned, 182 miles.
Leased—Smitlitown & Pt. Jefferson R R„ 19-0 miles; Stewart RR. to BethTotal gross earnings.................... $7,762,990 $9,423,858 $10,160,069 page, 14-5 ; Stewart RR. to Hempstead, 1-8 ; New York & Rockaway
Operating expenses......................... 4,002,357 4,4148,084 5,833,677 RR., 8-9; Brooklyn & Jamaica RR., 9-6; Newtown & Flushing RR.,
3-9; Brooklyn & Montauk, 67; Manhattan Beach RR., 17‘8; Hunter’s
Net earnings............. . ................ $3,760,633 $4,775,774 $4,326,392 Point & So. Side RR., 1*5; Far Rockaway branch, 9-4; L. I. City &
Flushing RR., 15-8. Operated—N. Y. & Long Beach, 6 ; Central exten­
INCOME ACCOUNT.
sion, 8-1; Main St., Flushing, to Great Neck, 6-1. Total leased and
1879-80.
1880-81.
1881-82. operated, 188 miies. The total of all the roads owned and operated is
370 miles. The Long Island RR. went into the hands of a Receiver Oct.,
Receipts—
$
$
$
Net earnings..........................
3,760,633 4,775,774 4,326,392 1877, but in 1881 the company took possession. The second mortgage
Other receipts and interest..........
837,948
968,268
1,079,243 bonds were issued to take up floating debt of various classes.
The control of the company sold to Mr. Austin Corbin and others in
Total income.
4.598,581 5,744,042
5,405,635 Dec., 1880. In July. 1881, stock increased to $10,000,000. In A u g,




INCOME ACCOUNT.

1879.
$
6,336,968
172,806

1880.

1881.
. $
6,692,963
238,675
850,000

xl

K A IL R O A D

STOCKS

ARD

BON DS.

[V o l . XXXVIT.

Sabscritierg w ill confer a great favor by g iv in g im m ediate notice o f a n y error discovered In these Tables.
DESCRIPTION.
Bonds—Princi­
INTEREST
Miles Date Size, or
pal, When Due.
Amount Rate per
For explanation of column headings, &c., see notes of
of
Par
When Where Payable, and by Stocks—Last
Outstanding
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
JAttle Rock Miss. River <&Texas—1st mortgage
170 1876 $500<ftc. $1,871,500
7
J.
&
J.
Boston,
Co.'s Office.
Jan. 1, 1903
2d mortgage.......... ......................................
1,000
1881
1,106,000
7
A. & O.
do
do
1911
Little Schuylkill—S t o c k . . .. . . . . . : . . .[ I .......................
si
50
- -• »
2,646,100
4*3 J. & J. Philadelphia Office.
July 13, 1883
Long Island—Stock.....................!
50 10,000,000
334
1
0 —F. N.Y.,Corbin Bank’g Co. Aug. 1, 1883
1st mortgage, extension.......... ............................
500
. . . . 1860
175,000
7
M. & N.
do
do
May, 1890
1st mortgage, Glencove B r.................. .
1868 500 &c. . 150,000
6
M. & N.
do
do
May, 1884
1st mortgage, m a in ......................” ............
95 1838
500
1,121,500
7
M.
&
N.
do
do
May,
1898
2 d mort. for floating debt........] ..........................* 156 18 78 100 &o.
268,935
7
F.
&
A.
do
do
Aug.
1, 1918
Consol, mortgage, gold (for $5,000,"o66).
1,000
164 1881
3,051,000
5
Q.—.T.
do
do
July
1,
1931
New York & Rockaway, guar. int. only
500
10 1871
(?)
7
JL & Ò.
do
do
April, 1901
Smithtown & Port Jefferson..............
19 1871
500
(?)
7
M. & S.
do
do
Sept.,
1901
Long Island Ci'y <&Flushing—1st M.. eoup.’ or reg. 10% 1881
1,000
600,000
6
M. & N. N.Y., Corbin Bank’g Co, May 1, 1911
Income bonds (cumulative) ($350,000).......... ....... 10 34 1881
1,000
312,000
6
do
do
May 1, 1931
Newtown & Flushing, guar, by L. I. R R ...............
4 1871
500
150,000
7
M.
& N.
do
do
May, 1931
Los Angelos <&San Diego—1st mortgage ...........
1,000
27 1880
556,000
6
J. A: .T N. Y., Central Pacific. July 1, 1910
Louisiana Western—1st mortgage, g o ld ..................
1,000
112 1881
2,240,000
J.
&
J.
6
g.
N.
Y.,
Central
Trust
Co.
1920
Louisville Evansville £ St. L ou is—1st m ort..
1,000
. . . . 1880
3,900,000
6 I- A. & Ó, New York and Boston,
1921
2d mortgage, gold........ .....................
I ,rtoo non
''882
1,000
7 S
do
do
1902
Income bonds ............................
1,000
1881
3,000,000
' I 5’
1920
Louisville A Nashville—Stock................
100 25,000.000
2,028
3
L. & N. RR., 52 Wall St. Feb. 1, 1882
General mort., gold, coup, or reg. ($26’6oo’,o6oj- 840 1880
1,000 10,361,000
6 g- J. & D. N. Y., Drexel, M. & Co. June 1, 1930
Louisville loan, main stem (no mortgage)........ .
850.000
6
A. & O.
New York Agency.
& 1887
Lebanon branch, Louisville loan.............................
62 1856
1,000
236,000
6 & 7 Various N. Y., Drexel, M. & Co. 1886
1885-86
do
extension, Louisville loan.......... .•___ ...
62 1863
1,000
333.000
6
A. & O.
do
do
Oct.
15,
1893
$1,500,000 Lebanon-Knoxville extension mort.. 172 1881
1,000
Pledged.
6
M. & S. New York, Agency. March 1, 1931
Cecilian Branch, 1st mortgage................................
1,000
46 1877
1,000,000
7
M. & S. N. Y., Drexel, M. & Co. Mar. 1, 1907
Consolidated 1st mortgage..................................... 392 1868
1,000
7,070,000
7
A. & O.
do
do
April, 1898
2d mortgage bonds, gold, coup . . . . .
1,000
392 1873
2,000,000
7 g. M. & N. N. Y. and Louisville. Nov. 1, 1883
Memphis & Ohio, 1st mort., sterling, guar.. . . ___ 130 1871
£200
3,500,000
7 S J. & D. London, Baring Bros. June 1, 1901
Memphis & Clarksville br.. 1st mort., sterling___
£200
83 1872
2,171,840
do
do
6 g• F. & A.
Aug., 1902
Mort. onE v. Hen. & N., gold (for $2,400,000)...
1,000
135 1879
1,600,000
6 g- J. & D. N. Y., Drexel, M. & Co. Deo. 1, 1919
E. H. & N. deben., secured by $800,000 1st M. bds.
....
605,000
6
A. & O. New York Agency. •
1883-84
3d mort., trust, gold, sink, fd., secured by pledge. 1,079 1882
1,000 10,000,000
6 g.
N. Y „ Drexel, M. & Co. Mar. 1, 1922
1st mortgage on New Orleans & Mobile R R .........
1.000
141 1880
5,000,000
6 g. J. & J.
do
do
Jan.
1, 1930
2d mortgage
do
do
141
1,000
1,000,000
6 S J. & J. New York Agency.
Jan. 1, 1930
Bonds sec’d by pledge of 2d mort. S.&N.Ala.RR** 189 1880
1.000
2.000,000
6
A. & O. N. Y., Drexei, M. & Co. April 1, 1910
1881, most of the holders of Smithtown & Port Jefferson bonds and
N. bonds; they are redeemable any April or Oct., on 30 days
N. Y. &. Rockaway bonds agreed to exchange their bonds for the consol
ast-‘ &.s %Louis RR., which was reorganized after foremortgage, bearing 5 per cent.
& Southeastern, Nov. 16,1880, is leased to the
The annual report for 188 L-82 from the returns to the New York State i
a & i?,a8hYiJle f°r4 9 years, and the L. & N. issues its bonds as
Engineer was published in Chronicle , v . 35, p. 734, and gave gross above, secured
on the road, about 210 miles long in Indiana and Illinois.
earnings, &o., and comparative statistics as follow s:
There is also $999,500 of S. E. & St. L. stock. The L. & N. Lebanon>I
1878-79. 1879-80.
1880-81 1881-82. k^oxvilie bonds of 1881 cover 110 miles, subject to prior liens, and 62
326
320
Miles operated......................
328
352 miles building from Livmgston to State line as a first lien.
Atlantic is a separate company and the bonds are not a
Passengers carried, No........ 5,043.848 6,228,292 6,512,2/0 8,878,453 * ,¿£ 5
Freight (tons) m oved......... 280,071
320,837
339,252
386,260 direct liability of the L. & N. Co. The bonds were sold to L. & N. stock:
JL1,0o0i0 m b,onds>$500 in bond scrip and $400 in stock for
Earnings and Expenses—
$
$
$1.425 cash. The 3d mortgage bonds of 1882 are secured by pledge of a
$
$
Passenger earnings . . . . ___ 1,032,689 1,162,404 1.237,837 1,608.771 large amount of stocks and bonds. (See V. 35, p. 428 ) In Nov 1882
Freight earnings................. 463,978
531,367
567,055
634,698 the company listed $3,213,513 of its stock taken from the City o f ’Louia^
118,178
Miscellaneous earnings___ 121,283
141,776
173,583 ville and issued $3.786,487 of new stock to pay floating debt, &o. The
prices of stock have been :
6
’
Gross earnings...............1,617,950 1,811,849 1,946.668 2,417.057
1882.
1883.
Expenses and ta x e s........... 1,279,591 1,365,856 1,756,372 1,576,774
1882.
1883.'
Jan......... 10034- 92
5 8 V 5 1 5 g J u ly ......
7 6 V 645a 5 4 V 4814
Feb.........
9
5
V
67*2
57
V
5l3g
Net earnings..................• 338,359
445,993
A
ugust..
7
6
V
70
.........
190,296
840.283 M arch... S S V 65
55.V 533g Sept’b e r. 7 5 V 6213 ........
Lease rentals........................ 193.305
165.399
92,500 i o Qo
April . . . . 81 %- 72^3 5 8 V 5212 O ctober. 6 2 V 50
.............
292 84.il \ ouo,o05 M a y ....... 7814- 7278 5
Interest and sinking fun d.. 205,174
228,121
4 V 473s Nov’ber . 5 3 V
..............
Capital stock......................... 3,260,600 3,260,600 3,260,700 9,960,700 June----- 7 4 V 61
5
4
V
49
Dec’ber
.
5
5
V
497e
........ _____
Funded debt..............
1,881,750 2,479,712 2,713.672 2,691,203
The annual report
for 1881 2, in the Chronicle, V. 35, f . 403, 427,
Floating debt........................1,157,86L
725,386 1.123,794 1,651,975
:a ve an account o § the various transactions in that year. The c< mparaTotal liabilities.........0 ,3 0 0 ,2 1 1 6,465,698 7,058,166 14,303,878 tive statistics were as follows, not including Nashv. Chat. & St. Liuis,
Cost of property..... . ...........6,160,059 6,271,300 6,629,318 11,086,245 wnic-h is reported separately :
BI
1879-80.
1880-81.
1881-82.
operated...................
1,840
1,872
2,028
549 ! y - 35, p. 1 0 2 ,1 8 9 , 211, 3 7 3 ,7 3 5 , Miles
Earnings—
V b d ; V . o b , p . O, 9 o , 7 3 1 . )
Passenger................
$1,700,207
$2,599,353
$3,007,465
Long Island Oily <£ Flushing.—'This is a reorganization of the Flush­
5,135,985
7,407,403
8,050,339
ing & North Side road, foreclosed Dec. 11,18.30. The stock is $500,000: F r e ig h t ........'............
599,651
904,894
929,941
par, $100. The income bonds are payable at will. Leased to Long Island Mail, express, &c...................
SS,- ft?«
lease®taking 60 per cent of gross earnings and Total gross earnings............. $7,435,843 $10,911,650 $11,987,745
$17,500 for fixed charges. In 1881-82 gross earnings were $211,914, of Operat’g expenses (exel. tax.)
4,138,532
6,713,140
7,429,370
■which 40 per cent was $84,765. (V. 33, p. 154,468 ; Y. 36, p. 55.)
Los Angelos £ San Dibgo. —Florence to Santa Anna, Cal., 27 miles.
Net earnings..................... $3,297,310
$4,198,510
$4,558.375
L e a s ^ to Central Pacific, and in 1882 the net earnings paid as rental Per cent of op. exp. to earngs.
.......... .
61-52
61-97
were $33,384. Capital stock $570,800. Chas. Crocker, President San
Francisco.
INCOME ACCOUNT.
Receipts—
1879-80.
1880-81.
1881-82.
Louisiana 'Western.—Dee. 31,1882, owned from Vermillionville, La
$4,423,719
to Orange, Texas, 112 miles, and operated by the Tex. & N. Orleans R r !’ Net income, all sources........... $3,297,310
$4,824,816
under the same control as the Southern Pacific and Galveston Harris­
Disbursements—
burg & San Antonio lines. Earnings in 1881, $235,234 ; net, $137 620 Rentals.............................
58,666
52,0001
In 1882 gross, $408,566; net, $165^02. Stock is $3,360,000.
Taxes....................
69,667
215,384 I
4,579,808
2,050,900
2,912,327 f
Louisville Evansville <£ SI. Louis.—Line of road, New Albany, Ind. to Int. on debt (all lines).............
823,120
1,221,692 J
Mt. Vernon, Ills., 182 miles ; branches to Jasper <fcGentry ville, 73 miies- Dividends on all roads..........
............
total, 255 miles; opened for through business Oct., 1882. The road is Georgia Railroad deficit. . . . . .
110,000
109,743
6,345
thé reorganized Louisville New Albany & St. Louis, foreclosed in 1878 M iscellaneous........................
In January, 1882, a consolidation was made with the Evansville Rockport & Eastern, with a total capital of $6,000,000. In March 1883 Total disbursements............... $3,112,036 *$4,407,748
$4,689,808
the 1st and 2d mortgage bondholders were requested to fund four cou­ Balance.................................... Sur.185,274 Sur. 256,840 Sur. 135.008
pons, viz.: from April 1,1883, to Mar. 1,1885. In 1882 gross earnings
were $258,835; net, $102,157. Jonas H. French, President, BostoTi i * $240,869 of this is to be refunded to the L. & N. Co., and is inoluded
Mass. (V. 34, p. 32, 115, 204, 549, 604; f . 35, p. 103,131, 211 • v ’ m the balance of $256,840.
36, p. 365, 399; V. 37, p. 99.)
’
' v*
- ( V . 34. p. 86,114,175. 216, 264, 292, 344, 453, 460; Y. 35, p. 5C
50, 88,
Louis. <& Nash—{See M a p , p a g e x l i . ) —June 30, 1882, mileage: 96,103. 266, 373, 4 0 3 ,4 2 7 .4 3 0 ,4 3 1 , 497, 603, 637; V. 36, p. 169,
~ 252,
Mainline—Louisville to Nash., 185 miles; branches—Junction to Bards- 399,427, 453,5 6 0 ,7 0 7 ; V. 37, p. 99.)
’
’v
’
town, Ky., 17; Junction to Livingston, Ky., I l l ; Junction to Rich
Louisv. N. Albany <6 Ohic.—Dec. 31,1882, owned from Louisville, Ky.,
to Michigan City, Ind., 290 m., Monon to Hammond. 111.. 68 m.; Delphi' to
Indianapolis, 79 m ; leases 17 m. or Chi. & W. Ind. into Chicago—total
operated 454 m. A lease for 999 years with Chic. & West. Ind. at $84,000
per
gives entrance to Chicago. The L. N. A. & C. was opened in 1852
Fla., 44; branch to Muscogee dock, l ; Louisville, Ky., to Newport Kv ’ andyear
in foreclosure Dec. 27,1872, and reorganized without any bonded
109; Junction to Lexington, 66; Louisville H. Cr. & W’port (n g’) 11’ ’ debt.sold
In
Aug., 1881, con. with Chic. & Ind. Air Line, and stock increased
Selma to Pineapple, Ala., 40; Henderson to Nashville, 135; Pensacola
$5,000,00u, giving 15 p. c.t increase to stockholders of record Aug. 31.
extension,;32; total owned, 1.578 miles; leased and controlled—Junc­ to
In
1880
the
Co. sold the $3,000,000 of first mort. bonds to the stockhold
tion to Glasgow, Ky., 10; Nashville to Decatur, 119; Decatur to Morn ers at 20 cents
on the dollar. There are $600,000 car trust bonds.
ornery, 189; Junction to Shelby ville, 19; Louisville Transfer. 4- No In 1882, on 390 miles,
net receipts were $355,172, and total payments
>iv. Cumb. <fc Ohio, 28; Lebanon to Greensburg, 31; Selma to Mont- $441,035, leaviug a deficit
ornery, 50; total leased and controlled, 450 miles; total operated published in V. 37, p. 150. of $85,863. The annual report for 1882 was
une 30,1882, 2,028 miles.
1881.
1882.
In April, 1883, two important connections were opened, viz • the Gross earnings........................
$947,654
$1,382,974
Knoxville branch, connecting with East Tennessee Va. & Geo-gi'a to Operating
expenses.......
..............................
717,082
1.009,537
Knoxville and the Southwest; and the Pensacola
Atlantic road was
finished, giving a through route from Savannah to New Orleans
$230,571
$355,511
In 1880 the stock dividend of 100 per cent was made raising the stock Net earnings..... ............................
-(V . 34, p. 2 0 4 ,2 2 8 , 655; V. 35, p. 161, 291, 545,575; V. 36, p. 140, 510;
from $9,059,361. Purchased in July, 1881, the entire stock of the Louis
Cm. & Lex. (175 miles owned and 73 leased), and in November issued V. 37, p .1 5 0 .)
4110
OQ that road to pay for the said stock-whicli
Lowell <£- Framingham.—Sept. 30,1882, owned from South Framing
was $1,000,000 common and $1,500.000 preferred 1See statement of ham,
Mass., to Lowell, Mass., 26 miles. On Feb. 14,1880, a lease of
Louisv. Cin. & Lex. in Supplement of February, 1882, and prior dates the road
to B. C. F. & N. B. Co. for 998 years and 4 months, from
The general mortg. of 1880 is for $20,000,000, of which $9,716 000 is Oct. 1,1879,
was ratified. Sept. 10, 1881, sold at Sheriff’s sale and
reserved to pay off prior liens. For the St. Louis & Southeast, roads the reorganized
under above name. Stock, $500,000 5 per ct. preferred
$492,200 Trust Co. certificates were issued, secured y $800,000 of the
nd $500.000 common; 114 per cent paid on preferred in June, 1883.

f
5




BONDS.
AND
STO CK S
R A IL R O A D
1883.}
A ugust ,




xlii

ß A IL K O A D

STO CK S

AND

BONDS.

[T ol. XXXVIÍ.

Subscribers w ill confer a great favor by giv in g im m ediate notice o f any error discovered in these T a bles.
Bonds Princi
DESCRIPTION.
INTEREST OR DIVIDENDS.
Miles Date Size, or
Due'
Amount Rate per When Where Payable, and by pal,When
For explanation of column headings, &c., see notes of
Par Outstanding
of
Blocks—Last
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
Louisville <f: Nashville—‘ Continued)—
1st M., gold, on Southeast.* St.L.RR.,coup.or reg.
2d mort., gold, on Southeast. & St. Louis RR., ep.
Pensacola Div., 1st mort., gold— ........................ -.
Mobile & Montg. Div., 1st M., ($2,950.000)..........
Pensacola & Selma Div., 1st M., gold ($1,248,000)
Pensacola & Atlantic, mort., guar., ($3.000,000).
Louiev. Cin. & Lex., 1st m ort.............. . ..................
do
2d mort., coup., for $1,000,000
L. & N. mort. on L. C. & L., gold, ($3,208,000)___
Oar trust liens..... ....................... . .............................
Louisville New Albany & Chicago—S to ck ..... . . .......
1st mortgage...............................................................
Mortgage, gold, on Chic. & Indianapolis D iv.......
General mortgage....................... .................. ..........
Lowell £ Framingham—1st mortgage bonds............
Lykehs Valley—Stock............................................... .•.
Mahoning Coal—1st mortgage, coupon.................. .
Maine Central—Stock...................................................
1st,mortgage, consolidated.............. ......... .Bonds for Shore Line....................................•...........
Bonds ($1,100,000 loan) A. &. K. R R .. ..................
Extension bonds, 1870, gold........................... . ......
Maine Central loan for $ 1,10 0 ,0 0 0 ..... — ..........
Leeds & Farmington Railroad loan........................
Androscoggin Railroad, Bath City loan.......... ......
Portland & Kennebec, 1st mort., extended..........
do
do
consolidated mortgage___
Manchester £ Lawrence—Stock..................................
Manhattan Beach Go.—Stock.........................
N. Y. Bay Ridge & Jamaica RR., stock, guar.......
N. Y. & Man. Beach RR., 1st mortgage..................
Man. Beach Impr. Co. (Limited), mortgage bonds
N. Y. Bay Ridge & Jam. RR., 1st mort. (guar.)...
Mannattan Elevated—Stock, common...............
Stock. 1st pref.. 6 per cent cumulative........

208
208
45
180
104
185
175
175
175
380
288
158
446
26
21
43
351
304
_
55
18
109
36
30
71
71
26
__

$1,000 $3,500,000
1,000
3,000,000
1,000
600,000
1,000
Pledged;
1,000
Pledged.
1,000
Pledged.
1,000
2,900,000
100 &o.
892,000 ,
1,000
Pledged.
1,000
2,000,000
100
5,000,000
1,000
3,000,000
1,000
2,300,000
1,000,000
1,000
500,000
20
600,000
1,000
1.486,000
3,603,300
100
3.905,500
100 &c.
750,000
loo’ &c.
1,100.000
496,500
500 &c.
100 &e.
756,800
100 *c.
633,000
100 &o.
425,000
100 &o
217,300
100 &c.
1,166,700
100
1,000,000
4,680,000
300,000
500,000
1877 500 &c.
1,000,000
1879 500 &c.
500 &e.
200,000
100 13,000,000
100
6.500.000

1881
1881
1880
1881
1881
1881
1867
1877
1881
1882
' ..
1880
1881
1883
1871
.
1872
._
1872
1883
1860-1
1870
1868
1871
1866
1863
1865
___

. ..

14
4
32
32

Lykens Talley.—Dec. 31,1882, owned from Millersburg, Pa., toW il
liamstown, Pa., 20 miles ; branch, 1 mile; total operated, 21 miles. A
coal road leased and operated by the Northern Central Railroad since
July, 1880, and previously by the Summit Branch RR. The lease is for
999 years from March 1,1866, and the rental is $62,500 per annum.
Mahoning Goal—Dec. 31,1882. owned from Andover, O., to Youngs
town, O., 38 miles ; branches to coal mines. 5 miles ; total operated, 43
miles. It was opened May 1, 1873, and leased for 25 years from that
date to L. Sh. & Mich. So, RR., at 40 per cent of gross earnings. Capital
stock is $1,373,000. The L. S. & M. S. Co. holds $399,000 of the bonds
purchased under the agreement of lease. Net earnings in 1880 (40 per
Sent of gross), $85,391, and in 1881, $88,583 ; in 1882, $95,189.
Maine Central—Sept. 30, 1882, mileage was as follows : Main line,
Portland to Bangor, Me., 137 miles; branches, Cumberland Junction to
Waterville, 73 miles; Crowley’s Junction to Lewiston, 5 miles; Bath to
Farmington, 74 miles; Waterville to Skowhegan, 18 miles; total owned,
307 miles. Leased, Belfast to Burnham, Me., 34 miles; Newport, Me., to
Dexter, Me., 14 miles; total leased, 48 miles. Total operated, 351 miles.
On Oot. 1, ’82, began to operate the Enron A N. Am. road, leased. 114 m.
This was a consolidation in 1862 of the Androscoggin & Kennebec
Railroad and the Penobscot & Kennebec. In August, 1873, the Port­
land & Kennebec, Somerset & Kennebec and Leeds & Farming-ton rail­
roads were also consolidated with the Maine Central The annual report
was published in V. 35, p. 735. The ending of the fiscal year was
©hanged in 1881 from Dec. 31 to Sept. 30. The report had the following:
1680-81.
1881-82.
Total gross earnings..................................... $1,877,079
$2,077,094
Operating expenses, including taxes..........
1,229,357
1,359.373
Net earnings

$647,72 -2

$717,721

$647,722
8,656

$717,721
5,368

$656,378

$723,089

$54 000
570,466

$54,000
569,542
71,822

INCOME ACCOUNT.

. Receipts—
Net earnings..
Other receipts.
Total incom e..
Disbursements—
Rentals paid........ .
Interest on "bonds.
D ivid end s............

Total disbursements.............................
$624,466
$695,364
Balance...........................................................
$31,912
$27,725
—(Y. 34, p. 31; V. 35, p. 160, 7 3 5 ; Y, 36, p. 75.)
Manchester £ Lawrence—March 31,1883, owned from Manchester, N
H., to Methuen (State Line), 22 ^ miles; leased, Methuen Branch of the
B osto n * Maine Railroad, 3% miles; total operated, 26 miles. Road in
operation since 1849. 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 twofifths interest in the Manchester & North Weare RR., which is operated
bv Concord RR. Ten per cent dividends are paid. Gross earnings in
1881-82, $199,848; net, $100,199. In 1882-83, gross, $180,498;'net,
$100,255. (V. 34. p. 6 0 3 ; V. 36, p. 560, 6 5 0 . 675.)
Manhattan Beach Company.—A consolidation under the above title
was made in February, 1880, of the New York & Manhattan Beach
Railway, the Manhattan Beach Improvement Company and the Marine
Railway Company. The stock of the new company, amounting to
$4,680,'-00, embraces the stocks of all the other companies converted
into it, and the Manhattan Beach Co. holds those stocks in its treasury,
except the New York & Manhattan Beach Railway preferred stock,
as ftlso $3' »0,000 2d mort. bonds of the New York & Manhattan Beach
RR. The New York Bay Ridge <v Jamaica Railroad is leased and the
bonds i.nd stock are guaranteed. In December, 1881, a leas© of the
New Yot- ( & Manhattan Beach Railway was made to the Long Island
RR. for 35 p. ct. of gross earnings to the lessor, but the sum of $97,500
per vear is guaranteed to pay all annual charges. (V. 33, p. 642; V. 36,
p. 313.)
Manhattan Elevated—This was a corporation formed to lease and operate
the two elevated railroads in New York City. Its capital stock was
$13,000,090, and it was to pay the inte est on the bonds of the two
elevated roads and certain dividends. The original lease guaranteed
10 ner cent per annum on t-m stocks, but this lease was amended in
October, 1881, by the agreements made substantially as follows: 1. A
tripartite agreement among the three companies that the indebtedness
of the Manhattan Company to the Metropolitan and New York be can­
celed, evcept chat the New York company should receive tneir divi­
dends due in July and October, and the interest due J dy L on the New
York bond'. tne interest on the Metropolitan bonds also to be paid, but
mo bacs dividends on Metropolitan stoik; the claim of the Manhattan
Company against the other two to bo withd awn; 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 road should
earn it; then 4 per cent on Manhattan stook, and then all the remain­
ing surplus to be equally divided between the three parties to the com­
pact. 2. A supplementary contract was made immediately after be­




& S. N.Y., Drexel, M. & Co.
& S.
do
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& S.
do
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& N. New York Agency.
& S.
do
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& A. N. Y., Hanover Nat. Bk.
& j . N. Y., Drexel. M, & Co.
& O.
do
do
& N.
New York Agency
& O.
Philadelphia.

March 1, 1921
March 1, 1980
Mar. 1, 1920
May 1, 1931
Mar. 1, 1931
Aug., 1921
Jan.. 1897
1907
Nov. 1, 1931
1883-89

6
J. & J. N.Y.,Nat.Bk.Commerce
6 g. F. & A.
do
do
6
do
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5
A. & O. Bost.. Hide & L.Nat.Bk.
3
Q.—J.
New York, Treasurer.
7
J. & J. N.York, Union Trust Co.
3
F. & A.
7
A. & O. Boston, 2d Nat. Bank.
5
6
M’nthly Boston, 2d Nat. Bank.
do
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6 g- A. & O.
7
J. & J.
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6
J. & J.
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do
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A. & O. Portland, 1st Nat. Bank.
6
A. & O. Boston, 2d Nat. Bank.
6
M. & N. Manchester and Boston.
5

July 1, 1910
Aug. 1. 1911
1888
April 1, 1891
April 3, 1883
Jan. 1, 1902
Aug. 15,1883
April 1, 1912

6
3
6
6
6
6
7
7
6
6

7
7
7
7

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

g.
g.
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1890 to 1891
Oct., 1900
July, 1898
July, 1891
July, 1891
Oct. 15, 1883
April 1. 1895
May 1, 1883

Ôet.
Oct., 1882
J. & J. N. Y., Corbin Bank’g Co Jan. 1, 1897
M. & S.
do
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March, 1909
J. & J.
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July, 1896
Q .-j.

July 2, 1883

tween the Metropolitan and Manhattan representatives, by which it was
provided that the Metropolitan Company should have a preferenee over
the Manhattan to the extant of 6 per cent out of its own earnings, and
in consideration of this to relinquish all claims to any proportion of the
surplus of either road, thus giving to the Manhattan Company a claim
to two-thirds of the surplus earnings, its own share and that of the
Metropolitan Co. This was further supplemented by an agreement of
Nov. 14, 1881. for the surrender of the stocks of the other companies
and the issue of new stocks by the Manhattan Company, as follow s:
To.New York Elevated stockholders, $6,500,000 of first preferred 6 per
cent stock cumulative; to Metropolitan stockholders. $6,500,000 second
preferred 6 per cent stock not cumulative; and to Manhattan stock­
holders, $13,000,000 of oommon stock. (See full contract, V. 33, p. 560.)
The N. Y. Elevated stock was mostly surrendered and exchanged, but
Metropolitan stockholders held out against it, and after a long oontest
the Manhattan party was defeated and the Kneeland party elected their
directors iu November, 1882. Finally another agreement was proposed.
(See V. 36, p. 163.)
*
The report for year ending Sept. 30,1832, showed gross receipts of
both roads to be as follow s:
N.Y. Elevated. Metropolitan.
$3,216,369
$2,757,264
Gross earnings...... .......
Working expenses..................
$1,844,690
$1,823,680
Taxes..................... ....................... ....................-.
208,463
202.088
40 059 15‘î
$2.015,768
Net earnings...................................... „ ......... $ l’, 163’,216
$731,496
,— New York Company.Metropolitan Company.Gross
Gross
Earnings.
Passengers.
Earnings.
Year.
Passengers.
..... 29.875,912
1879
$2,239,489
16,169,269
$1.287,336
2.591.785
25,917,514
2,021,190
.....34,914,243
1880
2.841,631
31,498,929
2,469,444
1881
..... 41,036,849
For the combined roads the summary statement for each of the four
years up to Oct. i , 1882, was as follows :
Period.
Passengers.
Receipts.
.
$3,526,825
Oct. 1 1878, to Sept. 30, 1879...... ............. 4",045,181
Oot. I, 1879, to Sept. 30, 1 8 -0 ................
60,831.757
4,612,975
Oct. 1, 1880. to Sept 30, 1831..................... 75,585,773
5,311,075
Oct. 1, 1881. to Sept. 30, 1882...................... 86,361,029
5,973,633
—(V. 35, p. 50, 1**2. 132, 18«, 347, 405, 413, 456, 545, 575, 658,706;
V. 36, p. 56, 93.169, 252, 365, 453, 467; V. 37, p. 23, 48.)
Marquette Houghton £ Ontonagon.—Dec. 31, 1882, owned from Mar­
quette, Mich., to L’Anse, 63 miles; branches, 36 miles; total operated, 99
miles. An extension to Houghton, 31 miles, is building, ana carries a
land grant of about 80.000 acres. This was a consolidation Aug. 22,1872,
of the Marq. & Ont. R’y and the Houghton & Ontonagon Railway. The
company made default on its bonds, and issued the /present 6 per cent
bonds in exchange for prior 8 per cent bonds. In January. 1883. consoli­
dation was made with the Houghton * L’Anse RR. Stock is $2,806,600
common, and $2 259,000 preferred. (See V. 36, p. 80.) A 4 per cent
dividend was paid in August. 1883, on pref. The lands amounted to
425,000 acres, mostly timber and mineral lands, and in May, 1881,
were sold for $2,500,000, and $1 750,000 6 per cent bonds called in.
In May, 1881. a circular was issued offering to stockholders the privi­
lege of subscribing to the stock of a land company, and in Jaa., 1883,
subscribers for $1,000 6 per cent bond received a bonus of five shares
of stock. Operations and earnings have been:
Net
Passenger
Gross
Freight (ton)
Earnings.
Earnings.
Mileage.
Mileage.
Years. Miles.
$277,157
$552,671
15,124,336
.1,130,678
1879...... 88
405.719
771,538
1,615,903
20,804,176
1880.... . 88
433.756
893,638
23,477,533
2.033,885
L881___I 99
1,176,192
623,176
31,337,027
2 ,6 :0,957
1882__ . 99
—(V. 35, p. 50, 347, 546 ; V. 36, p. 30, 56, 80, 510.)
Massachusetts Central—Poston, Mass., to Northampton, Mass., 104
miles; branch, 13 miles; total as projected, 117 miles. Leased to Boston
& Lowell for 25 years, at a rental of 25 per cent of gross earnings,
and to be completed as speci >ed. Stock, $3,500,000. In April, 1882,
company became embarrassed; trustees took possession May, 1883;
trains were taken off; foreclosure noticed. Iu 1881-82 gross earnings
on 27 mil. s were $8 ;,03 i ; deficit, $41,348. (Y. 34, p. 574, 637; V. 35,
p. 78, 132, 430. 5 lo ; V. 36, p. 140, 340, 454, 479, 510, 536, 5«1, 590.)
Memphis £ LiHle Rock —Dec. 31, 1882, owned from Little Rock,
Ark., to Memphis. Tenn., 135 miles. Default was made November, 1872,
and the property sold in foreclosure. The new company also defaulted,
and the road was sold and reorganized April 28, 1877. The stock is
$1,500,000.
m 1880 gross earnings were $658.852; net earnings
$30 ,999; in 1881, gross. $765,840; net, $189,513. In 1882 gross
e im n g s , $704,961; net, $45,946. The company has aland grant from
Congress of 1,000,000 acres, of which about 150.000 acres had been cer­
tified to it to June 30, 1881, In April, 1880, control of this company
was purchased by the St. Louis & Iron Mountain, and on Jan. 1,1882,
the coupons were permitted to go to default, but afterward the coupons
were pai i. F. A. Marquand is President, New York City. (V. 34 p.,
204, 265, 292, 378; V. 35, p. 22, 545, 575; V. 36, p. 29,140.)

A ugust , 1883.1

K A IL B O A D

STOCKS

A1STD

xliii

BON DS.

Subscribers w ill confer a great favor by g iv in g im m ediate notice ot any error discovered in these T ables.
M
k.
Bonds—Princi­
INTEREST OR DIVIDENDS.
DESCRIPTION.
pal .When due.
Miles Date Size, or Amount
Rate
per
When
Slocks—Last
Where
Payable,
and
by
of
of
Par
For explanation of column headings, &c., see notes
Oui standing Cent.
Dividend.
Payable
Whom.
Road. Bonds Value.
on first page of tables.
Manhattan Elevated—(Continued)—
Stòck, 2d preferred (not cumulative).................
Metropolitan Elevated, stock............... ...............
do
1st mortgage.....................
do
2d M. (guar, by Manhat’n).
New York Elevated, 1st mortgage, .gold.............
Marquette R. <&O.—1st mort.,M.& Ò., coup. ........
M. H. & 0 . mortgage.................................................
Bonds for Extension, &c..........................................
Mass. Central—Mortgage bonds, gold........................
Memphis <£• Little Rk.—1st M. (paid $50,000 yearly)
(alenerai mort., land grant, (s. f. $10,000 after ’82)
Memphis <&Charleston—Stock.....................................
1st mortgage, Ala. & Miss. Div. (extend, in 1880).
2d mortgage............................. .................................
Consol. M.,g. ($1,400,0001st M. on 91 m. inTenn.)
Mexican Central (Mexico.)—1st M. ($32,000 p. m.).
Income, conv., not cumulative, reg. ($6,400 p.m.)
Mexican National Railway (Mexico).—IstM., gold..
Mex. Oriental Inter. <£ Inter'l—Stock ($20,000 p.m.)
Michigan Central—Stock.................................. ..........
Consolidated mortgage ($2,000.000 are 5s)..........
Michigan Air Line m ortgage..«..............
i
do
do
1st mort.,assumed by M. C ....
M. C. bonds, mort. on Grand River Valley RR. ..
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 & Bay City Railroad....................1
Jackson, Lansing & Saginaw 1st mort..................
do
1st mortgage. ......................i ..
do Cons. m. on whole line (300m.)............
do
do
do
............

( 1*2
$100
)
1*2
100
6
10,818,000
14 1878
1,000
6
2.000,000
1879
1.000
7
8,500,000
1,000
18 1876
8
1,427,500
50 1872 100 &c.
6
576,200
90 1878
1,000
6
988,000
1,000
1883
3,500,000 • 6 _g.
1,000
117 1880
8
250,000
1,000
133 1877
2,600,000
8
133 1877 250 &c.
292
5,312,725
25
7
1,264,000
181 1854
7
1,000,000
272 1867
1,958,000
7 g.
1,000
292 1877
7
1,000 21,050,000
658 1881
3
4,000,000
1,000
.... 1881 1,000 14,330,000
6 g(?)
2
Too 18,738,204
949
7&5
1,000 10,000,000
270 1872
8
1,900,000
1,000
103 1870
200,000
8
1,000
10 1870
6
500,000
1.000
82 1879
640.000
8
1,000
39 1869
70,000
8
1,000
39 1870
491,200
84
100
2*2
1.000,000
8
1,000
84 1866
424,000
8
145 1872-3
5
3,576,000
1,000
145 1881
1,106,000
8
1,000
116 1865
171,000
8
1,000
1867
1 943,000
8
1,000
236 1871
6
1,100,000
1,000
298 1880
32

Memphis <6 Charleston.—June 30,1882. owned from Memphis to Stev­
enson, Ala., 272 miles; branches—to Somerville 13 miles, to Florence 5
miles; leased, Stevenson to Chattanooga, 38 m iles; total operated, 328
miles. This road was leased June 2,1877, to the East Tennessee Vir­
ginia & Georgia Railroad for twenty years from July 1, 1877. The
lessees were to operate the road on their own account and apply the net
earnings to interest and pay the balance, if any, to the lessors. The
lease was terminable on 6 months’notice and was modified in December,
1879, the M. & C. Company giving up their right to terminate the lease,
and the lessees agreeing to buy the coupons for three years following in
case the M. & C. earnings should be insufficient to pay them. Of the new
consolidated mortgage, $1,400,000 is secured by the old Tennessee State
lien for $1,736,906, assigned to a trustee. In 1882 the stock was to be
sold to the East Tennessee Virginia & Georgia, but this 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 face value to stockholders of record
Oct. 10, making the old stock a preferr’d issue,but obstructions occurred.
See references below to the C h r o n i c l e . Earn’gs for four years past were:
Years.
Miles. Gross Earn’gs. Net Eam ’es.
1878- 9 ............................................... 292
$862,513
$231,038
187980 ................................... 292
1,003,271
262,924
323
1,342,082
511,345
1S80-1..............................
1 8 8 1 - 2 . . . . .. . . . . . . ............................ 328
1,323,614
283,614
—(V. 34, p. 265, 292, 409, 714; V. 35, p. 189, 212, 236, 298, 373, 405,
431, 510, 602 ; V. 36, p. 81, 108, 170, 196.)
Mexican Central (Mexico) .—January, 1883, had built from Mexico City
north, 321 miles; El Paso del Norte southward, 265 miles, and 60
miles of Tampico Division; total, 646 miles. Under the management of
Boston capitalists. Whole line when completed will be (1) the main
line, from the City of Mexico to El Paso; (2) from Tampico westerly
through San Luis to the main lin e; (3) from the main line to the City of
Guadalajara, and thence to Pacific Coast at San Bias. The companyhasa
subsidy from the Mexican Government of $15,200 per mile on most of
the lines, which the Mex. Gov’t issues to the Co. as the road is accepted,
in “ certificates of construction of the Central R’y, to be redeemed with
6 per cent of all duties produced at the maritime and frontier custom­
houses of the Republic.” The subvention on the main line will be about
$19,000,000. The first mortgage bonds were issued thus: $5,000 with
$1,000 income bond and 40 shares of stock for $4,250 on the first sub­
scription, $4,500 on the second, and $4,750 on the third. The income
bonds are convertible into stock at par. The stock authorized is
$32,000 per mile. Thos. Nickerson, President, Boston. See V. 35, p.
516, and report for 1882 in V. 36, p. 398. (V. 34, p. 61,147, 204, 291,
3 4 4 ,4 0 7 ,4 3 5 ; V. 35, p. 132, 320, 348, 478, 516, 545; V. 36, p. 108,
140, 252, 286, 3 9 8 , 454, 590; V. 37, p. 99.)
Mexican National Railway (Mexico).—This is the road building from
Laredo to City of Mexico, 817 miles, and Mexico City to Manzanillo,
with branches to El Salto, Zacateoas and Matamoras, under the PalmerSullivan concession from the Mexican Government, of which about 430
were finished by Jan., 1883. This includes a subsidy of $11,270 per
mile o f road secured by 6 per cent of the Government receipts from
customs. Statements at some length as to the company’s affairs were
in the C h r o n i c l e , V. 33, p. 717; V. 34, p. 204. Bonds for $1,000
with stock for $1,000 were issued for $1,050 cash. Stock outstand­
ing June, 1883, was $22,500,000; par $100. The road is built
by the Mexican National Construction Co. In Texas 167 miles of the
Texas Mexican Road from Corpus Christi to Laredo connect with this
road and are operated with it. In 1882 gross earnings were $1.007,852;
net, $151,205. (V. 34, p. 204, 231, 604; V. 35, p. 50,103, 265, 291,
320; V. 36, p. 81.)
Mexican Oriental Interoceanic & International.—This company is
ormed to build from Laredo to City of Mexico, 600 miles, in connection
with the.Gould system ot roads terminating at Laredo, and a traffic
agreement from them of 25 per cent of gross earnings. SeeV. 34, p.
605. The Mexican Government grants a subsidy which it is said will
net $12,000 per mile. See circular of Mr. Gould, as President of Mo.
Pacific, in V. 33, p. 687, 716. (V. 34, p. 489, 605; V. 35, p. 320).
Michigan Central.—Dec. 31,1882, owned from Detroit, Mich., to Ken­
sington, 111., 270 miles ; used jointly with Ills. Central, Kensington to
Chicago, 14 miles; leased lines—Michigan Air Line, 104 miles; Jackson
Lansing & Saginaw, 300 miles; Grand River Valley, 84 miles; Kala­
mazoo & South Haven, 40 miles; Joliet & Northern Indiana, 45 miles;
Niles & New Lisbon, 11 miles; Detroit & Bay i ity Road, 145 miles;
total operated. 1,013 miles. In Nov,, 1832, a close contract was made
with Can. South’ n for working its read by the M. C. and the division of
net profits over all charges—one-third to C. S. and two-thirds to M. C.
- The approximate income statement for first six months of 1883 (V.
36, p. 707) showed net balance of $562,146 over all charges, being
equal to the 3 per cent dividend of Aug. 1, and $63,854 over.
The annual report for 1882 in V. 3«, p. 508. had the following :
O PE R A T IO N S AN D F ISC A L RESU LTS.

Operations—
1879.
i860.
1881.
1882.
Passengers carried... 1,445,655
1,699,810
2,079)289 2,368,842
Passenger mileage ... 93,232,430 115,523,789 135,706,148 142,237,961
Rate® pass’ger$ mile - 2-21 cts.
2-13 <?ts.
2-07 cts.
2-21 cts.
Freight (tons) moved. 3,513,819
3,797,137
4,196,896 3,913,869




Q .-J .
Q.—J.
J. & J.
M. & N.
J. & J.
J. & D.
M.& S.
J. & D.
J. & J.
M. & N.
Tanu’ry

New York, Office.
N. Y., Mercantile Tr.Co
do
do
do
do
Boston, N. Eng Tr. Co.
do
do
do
do
Boston and New York.
N.Y., H.Talmadge &Co.
N.Y., Treasurer’s Office.

Jan. 2, 1883
Oct 2, 1882
July. 1908
Nov. 1, 1899
Jan. 1. 1906
June 1, 1892
Mar« 1. 1908
June 1, 1923
.Tan. 1, 1900
Yearly-’81-'83
July, 1907

J. & J. N.Y., Metropolit’ n N.Bk J a n .i; 1915
do
J. & J.
do
Jan. 1, 1885
do
J. & J.
do
Jan. 1, 1915
J. & J. N. Y., Winslow, L. & Co. July 1, 1911
do
July 1
July 1, 1911
A. <fc 0. N. Y. Office, 47 William. July 1,1912
Q —F. Grand Central Depot. Aug. 1. i883
M. & N. N, Y., Union Trust Co. May 1,1902
J. & J.
do
Jan. 1,1890
do
M. & N.
do
Nov. 1, 1890
M. & S.
do
do
1909
M. & N.
do
do
Nov. 1, 1889
M. & N.
do
do
Nov. 1. 1890
do
do
J. <fe J.
July, 1883
do
do
J. & J.
July 1, 1886
M. & N.
do
do
May 1,1902-3
M. & S.
do
do
Mar. 1, 1931
do
do
July 1, 1885
J. & J.
do
J. & J.
do
July 1. 1885
do
M. & S.
do
Sept. 1, 1891
do
M. & S.j
do
Sept. 1, 1891

1879.
1880.
1881.
1882.,
Freight (tons) mileage721,019,413 735,611,995 790,022,930 703,241,320
Av. rate $ ton $ mile 0-692 cts.
0-842 cts.
0-718 cts,
0-772 cts.
Earnings—
$
$
$
$
Passenger................... 2,062,265
2,461,771 2,812,706 3,146,309
6,195,971 5,675,731 5,426,455
Freight....................... 4,986,988
Mail, express, &o.......
297,541
293,633
312,050
340,317
Total gross earnings. 7,346,794 8,951,375
8,800,487
8,913,081
Operating Expenses—
$
$
$
$
Maint, of way. & c ....
904,613 1,226,536
1,627,919
1,758,084
Maint, of equipment.
623,730
670,006
825,196 1,170,105
Transport’n expenses 2,455,164 2,824,901
3,431,244 3,121,704
Taxes.......... ...................
201,682 197,255
215,802
222,853
Miscellaneous*..........
514,403
820,053
631,935
398,900
Total............................ 4,699,592
5,738,751 6,732,096 6,671,726
Net earnings.............. 2,647,202
3,212,624 2,068,391 2,241,355
P ct.op.exp.to earn’gs
63-97
64-11
76-50
74-85
* Includes legal expenses, rentals, loss and damage oi freight, injuries
to persons, car mileage, commissions, and several small items.
INCO M E ACCOU NT.

1882.

1879.
$
2,647,202
68,634

1880.
$
3,212,624
134,374

1881.
$
2,068,391
133,845

2,241,355
127,951

Total income....... 2,715,836
Disbursements—
$
184,310
Rentals paid..............
Inter* st on debt........ 1,403,472
Dividends.................... 1,030,601
Do
rate per ct.
5*2
Miscellaneous.........
............

3,346,998
$
184,310
1,385,120
1,499,056
8
70,000

2,202,236
SB
184,310
1,508,616
468.455
2*g
...........

2,369,306
$
184,310
1,617,061
374,764
2
.......... .

Receipts—
Net earnings____ . . .
Interest & dividends.

$

Total disbursem’ts. 2,618,383
3,138,486 2,161,381
2,176,135
Balance, surplus.......
97,453
208,512
40,855
193,171
The Jackson Lansing & Saginaw debt is assumed by Michigan Central,
which also pays $70,000 per year on the stock of $2,000,000; the pro­
ceeds of J. L. & S. lands go to pav bonds, and in 1882 sales amounted
to 30.573 acres, for $412,562 ($501,669, including timber), leaving
333,257 acres unsold, valued at $2,499.427. Interest was passed on
the Det. &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 $4.000.000,
secured by mort. on that road, were issued. (V. 34, p. 5 1 8 , 617, 637; V .
35, p. 22. 431, 456, 576, 729; V. 36, p. 3 66,508, 663,707; V. 37, p. 117.)
Michigan <&Ohio.—This road is completed from Grand Haven, Mich.,
to Toledo, G. It is constructed by a N.Y. syndicate, much on the famous
Nickel-plate” arrangement, and each subscription of $16,500 in cash
was to receive $15,000 1st mortgage bonds, 150 shares of preferred
and 250 shares common stock. (V. 36, p. 366, 590; V. 37, p. 75, 99.)
Middletown TJnionmlle <&Water Cap.—Dec. 31,1882, owned from Mid­
dletown. N. Y., to Unionville, N. J. State Line, 13 miles. Is controlled
by N. Y. Susquehanna & Western by ownership of stock. (V. 37, p. 23.)
Midland North Carolina.—Jan. 1,1882, owned from Morehead City to
Goldsboro, 95 miles, and constructing to Salisbury, 150 miles further;
built by the Midland Improvement and Construction Co. Total project­
ed line is 565 miles. Stock, 5,000,0u0. American Loan & Trust Co.,
Boston, is trustee.' (V. 34, p. 461; V. 35, p. 51, 574, 706; V. 37, p. 151.)
Milwaukee Lake Shore <£ Western.—Dec. 31, 1882, owned from
Milwaukee, Wis., to 6 D d of no: them division 254 miles, of which 4
miles were leased; branches—Hortonville to Oshkosh. 23 miles; Mani­
towoc to Two Rivers, 6 miles; Eland Junction to Wausau, 23 miles;
Antigo to Bryant, 5 m iles; Monico to Rhinelander, 16 miles; total
operated, 322 miles. The old company defaulted on its bonds in Decem­
ber, l873. and on December 10, 1875, the property was sold in fore­
closure and purchased by bondholders. The reorganized company
has $5,000,000 preferred stock and $1,000,000 common. A consoli­
dated mortgage for $5,000,000 is issued to take up all other debts, and
the balance for extensions, &c. Pref. stock has a prior right to 7 per
eeut from net earnings. The annual report for 1882 was given at some
length in V. 36, p. 6 0. In 18-G gross earnings, $637.485; net, $212,.
659. In 1882 gross receipts $909,907; net, $331,863; interest. $199,071; surplus, 8132,792; interest on income bonds, $20,000. (V. 34 p.
115. 177, 655, 7 1 3 ; V. 35, p. 189, 373, 374,431,487, 576, 677,7 0 6 ;
V. 36, p. 649.)
Milwaukee & Lake Wmnebago—Dec. 31.1882, owned from Neenah to
Schlcisingerville, Wis. Built in 1882 and leased for 99 years to Wiscon­
sin Central at 37*2 per cent of gross earnings as rental; but after
$ 175,<)00 per year is received the balance of net earnings is to be equally
divided. P r e f . s t o c k . 6 per cent cumulative, $780,000; common stock,
$520,000; par of shares, $100. (V. 36, p. 196.) *
Milwaukee & Northern.—Ian. 1,1883, owned from Green Bay, Wis.,
to Scliwartzburg, Wis.. 104 miles; branches—Menasha and Appleton to
Hillbert, Wis., 22 miles; Wisconsin & Michigan Railroad, Green Bay
to Coleman 41 miles; total operated, 167 miles. On June 5 , 1880, fore-

xìiv

E A IL R O A D

STOCKS

AND

BONDS.

[V oí». X X X Y II.

Subscribers w ill confer a great favor b y g iv in g im m ediate notice o f a n y error discovered In tbese Tables.
DESCRIPTION.
Size, or
Miles
For explanation of column headings, &c., see notes of
Par
of
on first page of tables.
Road Bonds Value.
Michigan A Ohio—____ *...........................................
$ ....'
Middletown Unionville A Water Gav—lstinortgage.
13 1866
Midland No. Carolina—1st mort. (tor $ i 0,000,000)
1881
Milw.Lake Shored: West—Northern Div., 1st mort
1,000
100 1879
, Consol, mort., gold (for $5,000,000).....................
1,000
306 1881
Income bonds (not cumulative)..................
1881
1.000
Equipment b on d s.......... , ...................... . J
1
1882
1,000
Milwaukee A Lake Winnebago—lstmortgage, gofd
1,000
65 1882
Income bonds, gold (cumulative)^............. ...........
1,000
1882
Milwaukee A Northern—1st mortgage.. . . . . . . . . . . . . .
1,000
126 1880
Mine Hill & Schuylkill Haven—Stock.......................
50
67
Minneapolis & St. L.—1st M., Min. to Merriam June.
1,000
27 1877
1st mortgage, Merriam Junction to State Liue ..
93 1877 500 «fee.
1st inortg., Minneapolis to White B. Lake, guar..
1,000
15 1877
1st mortgage, gold, coup. (Al. Lea to Fort Dodge) 102 1879
1,000
Improvement and equip, mort. , ............................. 360 1882
1,000
Mortgage on Southwestern extension ................ .
1,000
53 1880
Mortgage on Lake Superior Extension..................
1,000
21 1880
2d mort. bonds, income, 5 & 10 years.................. . 172 1881
1,000
1st mortgage, gold, Pacific E xtension............. s..
1,000
92 1881
Mississippi & Tennessee—1st mortgage, series “ A” . 100 1877
1,000
1st mortgage, series “ B ,” (a second lien).............. 100 1877
1,000
Missouri Kansas A Tea:«»—Stock................................ 1,441
100
1st m., gold, sink, fund, onroad and land (U.P.S.Br) 182 1868 i 1,000
1st mortgage, gold (Tebo. & Neosho).....................
1,000
100 1870
Consolidated mortgage, gold, on road and land... 786 1871-3 1,000
2d mortgage, income (interest cumulative).......... 786 1876 500 «fee.
Booneville Bridge bonds, gold, guar.......................
1,000
1873
General consol. M.. gold (for $45,000,000) ...
1, 37(3 1880
1,000
East Line <fc Red R iver.....................................
1880
....
. Hannibal & Central Missouri, 1st mortgage..
'*70 1870
1,000
Intemat. <fe Gt. North’n, 1st mort., gold........
1,000
776 1879
do
2d mortgage....................... .
776 1881 500 «fee.
do
Colorado Bridge bonds...........
1880
Missouri Pacific—Stock..... ..................................
99Ó
Too
. 1st mortgage, gold..... .....................................
283 1868
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 37*2 per cent on
KTOss earnings, but lease terminated August, 1882. Gross earnings in
1880, $470,861 : net, $175,053. Gross in 1881, $530,250 ; net; $198,944.
Net in 1882, $193,830. (V. 34, p. 147; V. 35, p. 51 103, 291,576.)
Mine Hill A Schuylkill Haven.—Nov. 30, 1882, owned from Schuylkill
Haven. Pa., to Locust Gap, Pa., with branches, 66% miles Road was
leased May 12,1864, to the Philadelphia <s Reading Railroad Co. for 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.
Minneapolis A St. Louis.—Dec. 31, 1882. owned main line, Minneap­
olis to Angus, 260 miles; Pacific Division, Hopkins to Morton, 92 miles;
Kalo Branch, 2 miles; total operated, 354 miles. Since close of year
has aoqulred the Minnesota Central RR., 66 miles. In June, 1881, a con­
solidation was arranged with $2,000,000 of stock. (See V. 32, p. 613.)
Gross earnings for year J881 were $1,071,183; net. $265,805. In
1882 gross, $1,543,472; net, $324,067 The bonds of the $1,100,000
mort. (1877), numbered from 1.101 to 1,400, for $500 each ($150,000
in all), are guaranteed by the Burlington Cedar Rapids <fe 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 $4,000,000 issued ; common stock,
$12,000,000 autboiized and $5,752,000 issued; par of both $100 per
■hare. The projected Southwestern extension runs from Fort Dodge,
la., towards Kansas City, Mo., 325 miles, with a branch to Council
Bluffs, 140 miles. W, D. Washburn, President. (V. 34, p. 62. 521. 548
549; Y. 35, p. 405,577,637,706.)
’
’
'
Mississippi A Tennessee.—September 30, 1882, owned from Grenada,
Miss., to Memphis, Tenn., 100 miles. Capital stock, $825,400. Debt
was consolidated as above in 1877. Earnings for three years past
were : 1879-80, gross, $525,489; net, $269.379; 1880-81, gross, $492,186; net, $194,346; 1881-82, gross, $406,651; net, $152,492. (V.34
p. 5 9 ; Y. 35, p. 6 5 7 ; Y. 37, p. 151.)
>v
,
,
Missouri Kansas A Texas.—{ See M a p P a g e x l v . ) —June 1, 1883,
owned from Hannibal, Mo.,toDenison,Tex., 576 miles; branches, Holdens
M o.,toPaola, Kan., 54 miles; Parsons, Kan., to Junction City, Kan., 157
miles ; Whitesboro, Tex., to Ft. Worth, Tex. (leased), 71 miles ; Fort
Worth. Tex., to Taylor, Tex., 163 miles; Denison, Tex., to Gainesville,
Tex., 41 miles; Denison to Mineóla, Tex., 103 miles; Denton, Tex., to
Dallas, Tex., 39 miles ; Miller Junction, Tex., to Belton, 7 miles ; Trini­
ty, Tex., east, 67 miles ; coal branches, 8 miles; Jefferson, Tex., to McKinney, Tex., 155 miles. Total, 1,441 miles. International <fe Great
Northern, from Longview, Texas, to Houston, Texas, 232 miles, aud
Palestine, Texas, to Laredo, Texas, 415 miles; branches—Longview to
Jarvis, 29 miles ; Houston to Columbia, 50 miles ; Phelps to Huntsville,
8 .miles; Mineóla to Troupe, 45 miles; leased—Round Rock to George­
town, 10 miles; Henderson to Overton, 16 miles; leased Gal. H. & H
road, Houston to Galveston, 50 miles ; total operated 826 miles.
The Missouri Kansas & Texas Company was organized April 1870
and embraces by consolidation the Union Pacific—Southern Branch, thé
Tebo & Neosho and other minor companies. In 1874 the Hannibal &
Central Missouri was purchased, and it has also $32 000 second
mortgage 7s, due 1892.
The company made default on their
consolidated bonds in Dec., 1873, and was operated by a Receiver from
Deo. 30,1874, to July 1,1876. when the Union Trust Company of New
York took possession. The election of Mr. Gould as President took
place in January, 1880. On Deo. 1,1880, the company took possession
o f its property, paying the overdue coupons. The Missouri Kansas &
Texas bonds and Union Pacific Southern Branch bonds till 1881 received
5 per cent only in cash and balance in scrip. The companv 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 3,622,400 acres subject to the extinguishment of the
Indian title. The Booneville Bridge Company is a separate organiza­
tion, and earns interest and proportion for sinking fund. The general
Consolidated mortgage is at $20,000 per mile on all road built and to
be built; of which $18,217,000 is reserved to take up first consol, and
prior bonds; $447,000 for the East Line & Red River bonds; $10,000,000
(which may bear less than 6 per cent) reserved to take up income bonds
and interest; but the issue of general mortgage bonds for Incomes and
scrip is optional with the company, both as to terms and time. At end
o f 1882 there was outstanding $2,230,497 of the Income coupons 6 per
cent scrip.
At a meeting of stockholders May 18, 1881, a lease to the Missouri
Pacific for 99 years was ratified on terms following: That the
lessee operate the road and pay the obligatory mortgage interest, pay­
ing over the balance to the Missouri Kansas & Texas Company. If there
is a deficit in income the lessee may advance money to pay interest,~or
in case of failure to make such advance the Missouri Kansas & Texas
can resume possession of its road. (See V. 32, p. 613.)
The International & Great Northern Railroad was acquired by Mo.
Kan. & Tex. in May, 1881, by an exohange of two shares of Missouri
Kansas & Texas stock for one of International <& Great Northern.
Ihe International & Great Northern was a consolidation of the
Houston & Great Northern Railroad and the International RR. of Texas
on sept. 22,1873, The company made default on its bonds, andaR e-

f




Bonds—Princi­
INTEREST OR DIVIDENDS.
pal,When Due.
Amount Rate per When
Where
Payable,
and
by
Stocks- Last
Outstanding
Cent. Payable
Whom.
Dividend.
£ m
$400,000 '
15,000 p.m.
199.000
3,642.000
500.000
170,000
1,430,000
520,000
2,155,000
4,022,500
455,000
950,000
280,000
1,015,000
4,000,000
636,000
123.000
500.000
1,382,000
976,000
1,100,000
46,405,000
2,242,000
349,000
14,770.000
8,100,000
914,000
12,230,000
440,000
768,000
7,954,000
7,054.000
225,000
30,000,000
7.000,000

7 g.
6
7
6
6
8
6 g•

Middleto’n,N.Y.,lst N.B
Company’s Offices.
M. «& S. N. Y., S. 8. Sands <fc Co.
M. <& N. N.Y., N. Bk. of Com’rce
M. «fe N.
do
do
J. <& J.
do
do
J. <fc J. Boston and New York.

1 * J. &"d . N.Y.,Merch.Exch.N.Bk.

3%
7 g.
7 g.
7 g.
7 g.
6
7
7
7
6 g.
8
8

J. «fe J. Phila.M.H. <fcS. H. R.Co.
J. «fe J. N.Y., Continental N.Bk.
J. «fe D.
M. «fe N.
J. & D.
J. «fe J.
J. «fe D.
New York.
J. «fe D.
J. «fe J. N.Y., Continental N.Bk.
A. «& O.
do
do
A. «& O. N. Y., Bank of N. Y,
J. «fe J.
do
do

6 g.
7 g.
7 g.
6
7 g.
6 g.
6
7 g.
6 g.
6
7
1%
6 g.

J. «fe J.
J. «fe D.
F. <fc A.
A. «& O.
M. «fe N.
J. «fe D.
J. <fc D.
M. «fe N,
M. «fe N.
M. «fe S.
M. & N.
Q .-J .
F. <fe A.

1886
1921
Mar. 1, 1909
May 1, 1921
May 1, 1911
1892
July 1, 1912
July 1, 1912
June 1, 1910
July 13,1883
Jan. 1, 1907
June 1, 1927
Jan. 1, 1907
June 1, 1909
July L 1922
Dec. 1, 1910
June 1, 1910
Jan. 1, ’86-’9 i
April 1, 1921
April 1, 1902
July 1, 1902

N. Y., Company’s Office. Jan., 1899 '
do
do
June, 1903
N.Y.. Mercantile Tr. Co.
1904-1906
N. Y., 195 Broadway. April 1, 1911
May 1, 1906
do
do
Dee. 1, 1920
1900
do
do
May 1, 1890
do
do
Nov. 1, 1919
1909
1920
New York, Office.
July 2, 1883
N.Y., Mercantile Tr. Co. 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 conveyed to the
second mortgage bondholders in full settlement for their lien on the road,
which was thereby discharged. The 8 per cent income bonds were issued
tor one-half ot old mr.rtgages and overdue interest. Interest at 4 per
pent for 1879 was paid on these and for 1880 5 per cent, and afterward
the option was given to exohange these for tne new 6 per cent second
orortgage bonds, and most of them were exchanged, leaving only $285,oOO out June 1,1883, which amount is included under 2d mort, bonds
above. Internat. & Great Northern earnings in 1882 were $3,312,285*
net, $981,322. Prices of Missouri Kansas & Texas stock have been:
1882.
1883.
1882.
1883.
Jan......... 393s- 35%
3 4 V 30*2 J u ly....... 41%- 33%
31%- 26%
Feb------ 383s- 26% 323s- 29% August „ 42%- 37%
M arch ... 3 6 V 263s 3 2 V 30% Sept’b e r. 4l% - 37% ........
A p ril----- 3 5 V 29
3333- 2H% October.. 37V 32% ..........
M a y ....... 33 - 28% 315a- 27% Nov’ber
36%- 28% ...................
J u n e..... 3 4 V 26% 32 - 28% Dee’ber.. _35 - 30% ........ .
The report of M. K. «feT.for 1882 had the foilowin figures forthat
year, which are compared with previous years:
1879.
1880.
1881.
1882.
Miles of railroad.. . . .
786
879
1,207
1,374
JSarn’gs A expenses—
$
$
$
$
Passengejr earnings.
714,751
820,201
1,058,054 1,380,590
Freight earnings__
2,455,864 3,110,461
4.050,119 4,710,071
Miscell. earnings___
173,677
232,389
252,663
359,803
Gross earnings..
Expenses, taxes, &e.

3 344,292
2,072,751

4,161,671
2,616,046

5‘,360,837
3,299,541

6,450,464
4,338,036

Net earnings___
Imp.,eng.,car hire,«feo

1,271,541
228,333

1,545,625

2,061,296
149,622

2,112,428 ,

Available revenue .. 1,043,208
1,545.625
1,911,674 2,112,423
—(V. 35, p. 7 7 ,13 3 , 291, 320, 637; V. 36,p. 110, 427, 675.)
Missouri Pacific.—(.See M a p P a g e x l v . ) —July 1, 1883, owned
main line from St. Louis, Mo;, to Atchison, Kan., 330 miles; branches
660 m iles; total 990 miles. In May, 1881, the St. Louis Iron Mountain
<&Southern was taken in. July, 1883, the mileage was as follow s: From
St. Louis to Texarkana, Texas Line, 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, 9 7 miles;
Forrest City to Helena, 43 m iles; Newport to Batesville, 27 miioa;
Neelyville to Doniphan, 20 miles; total, 906 miles.
The Pacific Railroad of Mo. was sold in foreclosure of the 3d mortgage
Sept. 6,1876, for the nominal price of $3,000,000, to C. K. Garrison
and other’s, 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 & Lex., Kansas City & East, and Lex. <fe
South, in Missouri; and the St. Louis Kan. & Ariz. and Kan. City Leav.
& Atch. in the State of Kansas.
The consolidated mortgage above is for $30,000,000—trustees John F.
Dillon and Edward D. Adams. The bonds are issued to retire the out­
standing bonds of the consolidated company, as above given, amounting
to $20,184,000. The remaining $9,816,000 are issued as may be re­
quired for finishing, constructing, purchase, acquisition, «fee.
The St. Louis Iron Mountain <& Southern stock was taken up with
Mo. Pacific in May, 1881, on the basis of three shares of Mo. Pacific for
four shares of Iron Mountain, and the St. Louis <fc Iron M. tockis
held by Missouri Pacifio.
The annual report ot Mo. Pacific for 1882 was published in theCHRONicle , V. 36, p. 422, and was the first report ever published under the new
management. The income account and balance sheet were as follows:
INCOME ACCOUNT, 1832.
To accrued int. on b’ds. $1,598,389 I Surplus earnings 1882. $3,766,982
Taxes......................... ..
146,573 |Wal.& C. T. <fe Ferry Co.
Rental acct. leas’d lines 96,000 j earnings____ $102,988
Dividends paid............. 1,946.419 Less expenses 56,531— 46,456
Sundry amounts p a id ..
100,746 I Dividends received,«fee*
526,662
Balance to credit of in­
Sundry amts, received.
127,433
come acct. Deo. 31/82 4,635,1611Bal. inc. acct.Jan. 1/82. 4,057,756
-------$8,525,291 I
$8,525,291
* Not including any dividends from St. L I. M. <&So.
F IN A N C IA L E X H IB IT D E C E M B E R 31, 1882.
Cost of road and equipment, «fee.. ..............................................$39,298,900
Supplies and material on hand.................................. „....... . . . .
’ 624,117
Advances to roads under construction—
Trinity <& Sabine Ry.—Trinity, Tex., eastward.$286,701
Doniphan Branch, St. L. I. M. <fe So. R y............ 199,242
White River Branch, St. L. I. M. & So. R y......... 223,497— 709,441
Investment in stocks and bonds....... ............. ....... ..........
20,856,311
Balances—Uncollected earnings.......................... _______ I*
2021579
Cash on hand................................ ............... ..........................
1,238,990
$62,930,340

BONDS
AND
STO CK S
R A IL E O A D
'
1 8 83 ]

AueoBT,



x lv i

R A IL R O A D

STOCKS

AND

BON DS.

[V o l XXXVII.

S u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g im m e d ia t e n o t i c e o f a n y e r r o r d is c o v e r e d i n th e s e T a b le s .

Bonds—Princi­
DESCRIPTION.
INTEREST OR; DIVIDENDS ^
Miles ? Date Size, or
When Due*
Amount Rate per When Where Payable, and by pal,
For explanation of column headings, &e., see notes of
of
Par Outstanding
Stocks—Last
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
Missouri Pac.—(Gont’d)—2d M.(e. f.$50,000 per an.)
Real estate (depot) bonds.......... ....................... .
Debt to St. Louis County (no bonds).....................
13d mortgage..................................................... .........
Consol. M., gold, for $30,000,000 (coup, or reg.)..
f- Carondelet Branch, 1st mortgage,.........................
Missouri River RR., 1st m ort............. ....................
Leavenworth Atch. & N. W., 1st mort., guar.) ...
St. Louis & Lexington, 1st mort................... '..........
St. L. Iron Mt. & So., 1st mort., coupon................
do
2d mor.. gold, coup., may be registered
do
Ark. Branch, 1st mort., gold, land gr”
do
Cairo Ark.& T., 1st, gold, cp.or reg.......
do
Cairo & Fulton, 1st, g., on road & land..
do
Gen’l consol. M. (for $32,036,000).........
do
do
supplemental___
Mobile, <&Ala. Grand Trunk—1st M. ($20,000 p. m.)
Mobile <&Girard—2d mort., end. by Cent. Ga. R R ..
. 3d mortg. bonds.......... ..............................................
Mobile dt Montg.—Stock................................................
Mobile <&Ohio—Stock....................................................
New mortgage, principal payable in gold.............
1st pref. inc. and s. f. debentures, not cumulative
2d
do
do
do
3d
do
do
do
•4th
do
do
do
Cairo extension (Ky. & Tenn. RR.)........................
Montgomery <&Eufaula—1st mortgage,.......... .
Montpelier <&Wells River—Stock.................................
Morgan's La.<6Texas—1st mort.,gold(N.O.to M.City)
1st mortgage, Alex. Extension, gold ...............
M om s & Essex—Stock.......... .......................................
1st mortgage, sinking fund......................................
2d mortgage.......................................... ....... ............
Convertible bonds.... .................................................
Gen. m. & 1st on BoontonBr. &c. (guar. D.L.&W.)

283

1871
1872

$1.000 $2,573,000
500 &c.
800,000
700,000
299 1876
1,000
3,828,000
1,000
990 1880
9,200,000
1,000
15^2 1873
245,000
1,000
.... 1866
205,000
1,000
21 1870
190,000
1880 500 &0
650,000
210 .1867
1,000
4,000,000
1,000
310 1872
6,000,000
99 1870
1,000
2,500,000
71 1872
1,000
1,450,000
304 1870
1,000
7,657,000
1,000 10,353,000
686 1881
221 1881.-2 1,000
3,311,000
1,000
56 1874
1,124,000
1,000
85 1869
300,000
___ 1877
1,000
800,000
180
100
2,950,800
100
528
5,320,600
472 1879
1,000
7,000,000
__
___ 1879
5,300,000
1879
1,850,000
.
1879
600,000
__ 1879
....
900,000
22 1880
1,000
600,000
81 1879
1,500,000
50
38
800,000
1,000
110 1878
5,000,000
150 1880
1,000
1,494,000
132
• 50 15,000,000
84 1864
250
5,000,000
84 1866 500 &c.
2,999,000
Var’us 1,000
284,000
34 1871
1,000
4.991,000

By capital stock (including exchanges for Iron Mtn. stock).$29,958,900
Funded debt—(See S u p p l e m e n t ) ............ ............................... 25,379,000
Interest due and accrued—Due and uncalled for. $28,894
Accrued, but not d u e ................................... 1........... 440,078— .468,972
Vouchers, Dec., 1882, payable Jan. 15, 1883......................... 2,395,919
St. Louis Bridge & Tunnel Co.—
Surplus earnings...................................... ...............................
51,000
Hospital account..................... .......... ................................. .
41,386
Balance of income account, Deo 3 1 ,1 8 8 2 ..................... .
4,635,161
$62,930,340
The St. Louis & Iron Mountain road defaulted on its interest in 1875
and finally made a compromise with its bondholders, issuing income
bonds for overdue eoupons. The company afterward offered to exchange
them for the new 5 per ct. mort. bonds, and up to J u n el, 1883 , only small
amounts remained outstanding. There are also $73,090 of old income 8
per oentB of Cairo & Fulton. The Mercantile Trust Co. of N. Y. is trustee
of the general consol, mortgage. The income account for 1882 was as
follow s:
ST. L. IRON MOUNTAIN & SOUTH. RAILWAY—INCOME ACCOUNT— 1882.
Acorned interest on bonds............. ........................................... $2,248,978
T a xes..........................
94,468
Sundry amounts—
Car trust expense........ ............................................ $76,682
Baring cross bridge expense............................ ......... 53,699
Interest and exchange............................................... 64,942
Discount, Government deductions, &o..................... 209,869— 405,194
Balance of income aocount Jan. 1, 1883..... ..........................
1,199,792
Surplus earnings 1882.......; . .....................................................
Dividends received, & o ...........................
Unclaimed wages ana vouchers canceled, &c.......................
Balance of income account Dec. 31,1882.............................

$3,948,434
$3,735,620
49,264
53,628
109,921

$3,948,434
—(V. 34, p. 20, 265, 292, 316, 317, 344,345, 479,489,575,655,679;
V. 35, p. 7 7 , 104,182, 312, 347, 637, 737; V. 36, p. 139, 312, 313, 4 2 2 ,
479,611.)
Mobile & Ala. Grand Trunk.—Dec. 31,1882, owned from Mobile, Ala.
to Bigbee Bridge, 56 miles. The company has been in default, and
was sold in foreclosure May 7, 1883, to a committee of bondholders.
The plan proposed for the issue of new stock and bonds was
given at length in the Ch r o n ic l e , V. 32, p. 636, but the modified plan
proposes to give $420 in new mortgage bonds, $300 in incomes, and
$480 in stock for each $1,000 of old bonds, on payment of $120 cash
by holders. Old stockholders to receive 50 per cent in new stock.
—(V. 36, p. 221, 340, 536.)
M obiles Girard.—May 31,1883, owned from Columbus, Ga., to Troy,
Ala.,.84 miles. Common stock, $987,164; 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. In 1881-82, gross, $269,011; net, $59,443. In
1882-83 gross earnings, $255,756; net, $77,455. (V. 33, p. 73 ; V. 34,
p. 1 3 0 ; V. 35. p. 431; V. 37, p. 22.)
Mobile dt Montgomery.—Dec. 31,1882, owned from Montgomery, Ala.»
to Mobile, Ala., 180 miles. Default was made on the bondain 1873 and
the road was sold in foreclosure Nov. 16,1874, and purchased by bond­
holders, who organized this company on a stock basis, m Nov., 1879,
$1,550,000 of the stock owned in this country was purchased by parties
in the interest of the Louisv. & Nashv. RR. at 80, giving the control to
That company. The old mort. debt out June 30,1881, was $261,000.
Gross earnings in 1880-81, $951,051; net,$226,193 ; gross in 1881-82,
$987,534; net, $264,377. (V. 34, p. 265.)
Mobile <COhio.—June 30,1882, owned from Mobile, Ala., to Columbus,
K y „ 472 miles, and extension (by Ky. & Tenn. RR.) to Cairo, 21 miles:
branches—Artesia, Miss., to Columbus, Miss., 14 miles; Artesiar Miss.,
to Starkville, Miss., 11 miles; Muldon, Miss., to Aberdeen, Miss., 9 miles;
total operated, 528 miles. The Co. funded coupons from their bonds in
Feb., 1867, and resumed payment of interest May, 1870. In 1872 the 2d
mortgage bonds were issued to pay floating debt. A default was made
May 1, 1874, and two trustees and receivers took possession May 8,
1875. The stock and bonds of the company were placed on the N. Y.
Stock Exchange list in July, 1879: First.—New mortgage to the Farmers’
Loan & Trust Co., of New York, as trustees, upon the main Une, excluding
branches, to secure bonds in the aggregate amounting to $7,000,000.
¿Second.—Deed of trust to the Farmers’ Loan & Trust Co., as trustees, to
secure four series of preferred income and sinking fund debentures,
covering specifically the lands, 1,150,000 acres. Interest at the
rate of 7 per cent per annum, or in multiples of 1 per cent, but
not exceeding 7 per cent in any one year on these debentures,
is payable annually upon each series in the order of their priority,
but jOhiy if earned in the preceding fiscal year, and is non-cumulatdvig, The holders o f debentures have one vote for each $100, and each
year they instruct the Farmers’ L, & T. Co., trustees, how to vote at




7
8
7
7
6 g.
6 g.
7
7
5
7
7 g.
7 g.
7 g.
7 g.
5 g.
5 g.
7 g.
8
4
2*2

J. & J. N.Y., Mercantile Tr. Co.
M. & N.
do
do
mont’ly
St. Louis.
M. & Ñ. N.Y., Mercantile Tr. Co.
M. & N.
do
do
A. & O.
do
do
J. & J.
da
do
A. & O.
do
do
F. & A.
do
do
F. & A.
do
do
M. & N. New York or London.
J. & D. N. Y., Mercantile Tr. Co.
J. & D.
do
do
J. & J.
do
do
A. & O.
do
, do
A. & O.
do
do
J. & J. N.Y., Mercantile Tr. Co.
J. & J. N. Ÿ.. Nat. City Bank.
J. & D.
do
do
F. & A. N. Y., Drexel, M. & Co.

July, 1891
May 1, 1892
Feb., 1885
Nov., 1906
Nov., 1920
Oct. 1. 1893
Jan., 1886
Oct. 1. 1889
Aug., 1920
Aug. 1, 1892
M a y l, 1897
June 1, 1895
June 1, 1897
Jan. 1, 1891
April 1, 1931
April 1, 1931
July 1, 1910
Jan., 1889
June. 1897
(?)

6 g.
7
7
7
7
6
6
2
7
6 g.
3*2
7
7
7
7

J. & D. N.Y. Farmers’ L’n & Tr.
Yearly. N.Y., cor. Pine& Nassau
Yearly.
do
do
Yearly
do
do
Yearly.
do
do
J. & J.
do
do
J. & J. N.Y., Nat. City Bank.
Boston.
A. & O.
New York.
J. & J.
do
J. & J. N. Y., Del., Lack & W.
M & N.
do
do
F. & A.
do
do
J. & J.
do
ao
A.. & O.
do
do

Deo. 1. 1927
Redeemable
only by
sinking fund.
July 1, 1892
July 1. 1909
(?)
April 1, 1918
July 1, 1920
July 2, 1883
M a y l, 1914
Aug. 1, 1891
Jan. 1, 1900
Oct-. 1901

the stockholders’ meetings upon the majority of the stock of the Mobile <&
Ohio Railroad Company, the power to vote upon which is irrevocably
with the Farmers’ Loan & 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 53,206 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 l or July 1 at 110, six week’s notice being given.
In August, 1881, 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 first preferred incomes.
The last report was published in the C h r o n ic l e , V. 35, p. 429. Oper­
ations for three years ending June 30 w ere:
1879-80.
1880-81.
1881-82
Total gross earnings..................... $2,284,616 $2,377,817 $2,164,274
1,459,650
1,562,486
1,602,145
Operating expenses......................
$815,331

$562,129

Interest on mortgage bonds........
$420,000
$420,000
Interest on incomes ..........................
3^9,500 408,000

Net earnings.......... ...........

$824,966

$456,000
106,000

ÛDiSÔ'ltï*SôTÎ'iô7ltS~“

Total disbursements.............
$809,500
$828,000
$562,000
Balance...................... ....................Sur.$15,466 Def.$l2,669
Sur. 129
—V. 34, p. 115 ; V. 35, p. 161, 4 2 9 ; V. 36, p. 108 ; V. 37, p. 48.)
. Montgomery <6 Eufaula.—Montgomery to Eufaula, Ala., 80 miles.
The road was foreclosed May 1,1879, bought by W. M. Wadley, and the
present company organized. Operated under contract by Cent. RR. of
Georgia. Stock is $620,000. Gross earnings year ending June 30,
1882, $355,681 ; net, $118,968. Dividend of 10 per cent paid in April,
1883.
Montpelier & Wells River.—Deo. 31,1882, owned from Montpelier to
Wells River, Vt., 38 miles. Reorganized January, 1877. D. R. Sortwell,
President, East Cambridge, Mass. Gross earnings for 15 months ending
March 31,1882, $115,847 ; net, $23,421.
Morgan’s Louisiana & Texas Railroad & Steamship Co.—March 31,
1883, owned from New Orleans to Vermillionville, La., 144 m iles;
Vermillionville to Alexandria, La., 84 miles; other branches, 38;
miles; total, 266 miles. In February, 1883, the whole stock of
$5,000,000 was _sold to the Southern Pacific Syndicate as reported
it 150 per share of $100. (See V. 36, p. 212.) This company’s
statement to the New York Stock Exchange said: “ The company’s
property consists of sixteen iron steamships, five 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 large ferry boats, tugs,
dredge boats, wharves .warehouses, and terminal facilities, besides nearly
the entire capital stock of the Gulf Western & Pacific Railroad, Texas
Transportation Railway Co., Buffalo Bayou Ship Channel Co., and a
majority interest in the capital stock of the Houston & Texas Central
Railway Co., &c.” The capital stock is $5,000,000. Gross earnings in
188182, $4,188,622; surplus over expenses, interest, &o , $722.450; in
1882- 83, gross, $3,953,145; surplus, $1,106,327. (V. 33, p. 100; V. 35
p. 51;. Y. 36, p. 196, 212.)
Morris <£Essex.—Dec. 31,1882, owned from Hoboken, N. J., to Phil]ipaburg, N. J., 84 miles; branch, Denville, N. J., via Mor. & Es. Tunnel, to
Hoboken, N. J., 34 miles; leased Dover to Chester, 10 miles ; Newark <&
Bloom. RR., 4 miles: total operated, 132 miles. In 1868 this road
was leased in perpetuity to the Del. Lack. & W. RR. The lessees assume
all liabilities of the Mor. & Essex RR. and pay 7 per cent per annum on
the capital stock, and they also agreed to pay 8 per cent in case the
Morris & Essex earns 10 per cent on its stock in any one year after thé
year 1874. Earnings for four years past were as follows :
Gross
Net
Div’d
Years.
Miles.
Earnings.
Earnings, p. ct.
1879
................... 121
$3,515,097
$1,559,354
7
1880
....
121
3,823,652
1,446,193
7
1 8 8 1 .......................... 121
4,246,656
i:647,019
7
1882............................. . . . .
4,262,901
1,630,960
7
The loss to lessee was in 1880, $1,012,416; in 1881, $985,890; in 1882
$941,550. (V. 34, p. 489, 6 8 7 ; V; 36, p. 611.)
Nashua & Lowell.—March 31, 1883, owned from Lowell, Mass., to
Nashua, N. H., 15 miles; leased—Stony Brook RR. 13 miles ; Wilton RR.,
16 miles; Peterborough RR., 10 miles; total operated, 54 miles.
The road was operated with the Boston & Lowell till Oct. 1,1878. On
October 1,1880, a lease for 100 years to the Boston & Lowell was
made. The company holds $300,000i;ash assets against the debt. The
rental is $60,000 per year, equal to 7Lj per cent on stock, but, including
other revenue, dividends are 8 per ôent. (V. 32, p. 16, 43, 335.)
Nashville Chattanooga <&St. Louis.—June 30, 1883, owned from Chat­
tanooga, Tenn.,-to Hickman, Ky., 321 miles; branches—Wartraee,Tenn.»
to Shelbyville, Tenn., 8 miles; Bridgeport, Ala., to Inman, Tenn., 25
miles; proprietary lines—Nashv. to Lebanon, 30 miles; Tullahoma to
Caney Fork, 48 miles; Decherd to Fayettev., 40 miles; Centrevill©

A ugust ,

1883.]

R A IL R O A D

STOCKS

AND

BON DS.

xlvii

Subscribers w ill confer a great favor by giv in g im m ediate notice o f any error discovered in these Tables.
Hoads—Princi­
DESCRIPTION.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due»
Amount
of
Rate per When Where Payable, and by Stocks—Last
Par Outstanding
For explanation of column headings, &c., see notes of
Road. Bonds. Value.
Cent. Payable
Dividend.
on first page of tables.
Whom.
Morris db Essex—(Continued)—
Consol, mort, (for $25,000,000) guar. D. L. & W-.
Real estate terminal mort. (guar. D. L. & W ).......
Nashua & Lowell—Stock............................................Bonds ($100,000 are gold 5s, J. & J., 1900)...........
Nashville Chattanooga <&St. Louis—Stock-...............
Bonds endorsed by Tenn....................... .................
1st mort, (for $6,800,000), coup..............................
2d mort.......................................................................
Bonds of N. C.& St. L-, 1st mort, on two branches
do
do 1st moit. on Lebanon Branch
do
do
for Jasper Branch................
Nashville <£•Decatur—Stock, guar’d 6 p. c. by L. <fc N.
• 1st mort. guar. s. f ................................. . .................
2d mortgage, income ...............................................
Naugatuck—Stock.........................................................
Nesouehoninq Valley—Stock.......................................
Nevada Central—1st mort., gold (sink. f.# $20,000)
Newark <&Hudson—1st mortgage...............................
Newark Somerset & Straitsv., 0.—1st mortgage.......
NewburgDutehess & Connecticut—Income bends...
Newburg <&New York—1st mortgage.......... ..............
New Castle & Beaver Valley—Stock............................
New Haven <&Derby—lst-& 2d mortgages................
New Haven & Northampton—Stock............................
Mortgage bonds, coupon..........................................
Holyoke & W..leased, 1st M.($200,000 guar.).......
Consol, sink, fund $15,000 per yr.|& mort, bonds.
Northern Extension..................................................
New Jersey <&New York—1st mort, (reorganization)
N. J. Southern—1st mort. (int. guar, by N.Y.& L.B.)
Long Branch <fe Sea- Shore. 1st mort., guar..........

$5,994,000
7
C 7
1,000 j 3,245,000 1 4*2
54
4
800,000
100
’73-’ 80
300,000 6 & 5 g.
539
6,670,331
25
l^ j
151 1857
126,000
6
1,000
340 1873
6,170,000
7
1,000
321 1881
1,500,000
6
1,000
6
88 1877
398,000
1,000
30 1877
6
300,000
1,000
90,000
8
1,000
7*2 1877
6
48
65,000
3
122
1,642,557
119 1870
1,000
1,817,000
7
119 1867
178,000
500
6 g.
10
174,400
99
2,000,000
5
66
100
1,300.000
50
18
313
1,000,000
94 1879
1,000
6 g.
260,000
1876
8
250,000
7
5 1871
1,000
800,000
44 1869 500 &c.
7 g.
1,164,500
12 1868
250,000
7
1,000
700,000
15
50
m
525,000
7
13 68&70 500 <fcc.
3
170
2,460,000
100
92 1869
1,000
1,300,000
7
17 1870
1,000
260,000
6 &7
1,200,000
6
1879
1,000
27 1881
700,000
5
1,000
-30 1880 500 &c.
6
275,000
1,449,600
6
78 1879
600
1869
1.000
200,000
7

137

1875

$1,000

1882

J. & D. N. Y., Del. Lack.<& West
J. &
M. &
F. &
A. &
J. &
J. &
J. &
J. &
J. &
J. &
M. &
J. &
J. &
A. &

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

June 1,1915-

N. Y., Del. Lack. & W.
Boston & Nashua.
Bost., Chas. B. Brooks.
New York & Nashville
N.Y.,Metropoli t’n N.Bk.
do
do
do
do
do
do
do
do
do
do

July 1, 1912'
May 1. 1883
1893 & 1900
April 20, 1882
1881 to 1886
July 1, 1913
July 1, 1901
Jan. 1, 1917
Jan. 1, 1917
Feb. 1, 1907

Nashville.
N. Y., Drexel, M. & Co.
Nashv., 4th Nat. Bank.
N.Y., Bank of America.
Bridgeport, Conn.
J. & J.
M. & S. Philadelphia, Co.’s office
A. & O. N. Y., 195 Broadway.
J. & J.
N. Y. L. E. & W. RR.
M. & S.
M. & N. N. Y., Union Trust Co.

June 3, 1883
July 1, 1900
Oct. 1,1887

J. & J. N. Y.,Office N.Y.L.E.&W
Newcastle, Penn.
Q .-J .
Various N. Haven, Mech. Bank.
New Haven.
do
J. & J.
N.Hav.,N.Tradesm’s
Bk
A. & O.
New Haven.
A. & 0.
do
A. & 0.
M & N. N.Y., Mercantile Tr. Co.
J.- & J. N. Y., Cent.of N.J.Offiee
New York.
J. & D.

J a n .1, 1889'
July, 1883
1888 & 1900
Oct., 1873
Jan., 1899
A pr.l ’91 & ’98
April, 1, 1909»
April, 1911
1910
July 15, 1899
Dec. 1, 1899s

Jan. 15,1883
Mar. 1, 1883
Oct. 1, 1904
1896
Sept., 1901
Nov. 1. 1889-

Newburg <&N. Y.—Oct. 1. 1882, owned from Yail’s Gate Junction to
Greenwood Junction, N. Y., 13 miles. Leased October 5,1866, to Erie
ER., 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 hr operation since 1860. Leased t o
Pittsb. Ft. W. & Chic. RE. for 99 years at a rental of 40 per cent on gross
earnings. Lease transferred to Pennsylvania Company. There is no debt.
In 1879,13 per cent dividends were paid; in 1880, 13 p. c . ; in 1881, 24
p. c. Gross earnings in 1881, $331,527; rental received, $132,611; gross­
en 1882, $365,493; rental received, $146,197.
INCOME ACCOUNT.
New Haven & Derby.—Sept. 30,1882, owned from New Haven, Conn.,,
1879-80.
1881-82.
1882-83.
1880-81.
to Ansonia, Conn., 13 miles. Capital stock is $447,100. New Haven
$.
$
$
$
City
guarantees the $225,000 second mortgage bonds. Gross earnings
Gross earnings....................5Ì,099,155 . 2,256,186 2,074,583 2,360,769 in 1880-81,
$147,564; net, $48,268; in 1881-82, gross, $166,402; net,
Net Beceipts—
833,592 1,085,915 $78,389. (V. 35, p. 544.)
878,009
Net earnings........................ 914,407
New
Haven
<&Northampton.—Sept. 30,1882, operated from New Haven,
106,500
1,000,175
39,006
Bonds sold, &c......... ..........
Conn., to North Adams, Mass., 123 miles; branches—Northampton toWilliamsburg,
8 miles; r artmngton Conn., to New Hartford,Conn., 14
872,598 1,192,415 miles; South Deerfield
Total in com e................. 914,407 1,878,184
to Turner’s Falls, 10 miles; to Tariffville. Conn.,
Disbursem ents—
$
$
$
$
1
mile;
leased—Holyoke
& Westfield RE., 14 miles; total, 170 mile at
650,972
541,514
583,577
Interest on debt and taxes. 475,320
473,065 In April, 1881, a control of the road was sold to N. Y. N. H. & Hartford
232,020
300,164
parties.
See
V.
32,
p.
421.
Operations and earnings for three year»
237,806 1,212,428
Extensions & improvem’ts 360,963
past were as follow s:
57,145
50,931
Miscellaneous................ « . ..
Gross
Net
Passenger Freight (ton)
Earnings. Earnings.
Miles.
Mileage.
Mileage.
Total disbursements... 923,436
975,118 2,096,169 1,124,037 Years.
$694,506
$276,287
18798
0
.........
144
5,644,750
16,365.182
Balance, surplus or deficit, sur.7,119 def. 9,029 sur903,066 *1,223,571 1880- 81 ......... 144 5,612,006
751,614
298,137
18,705,865
* Deficit. The surplus June 30, 1881 being $903,066, the real de- 1881- 8 2 ....................
896,270
333,487
8,726,851
24,800,865
flciencv June 30, 1882, was only $320,507.
34, p. 2 0 2 ; V. 36, p. 80.)
—(V. 3 i, p. 87, 196, 344, 460,5 7 4 .7 0 8 ; V. 35, p. 96, 212, 321, 348, —(V.
New
Jersey
<6New
York.—Dec.
31,1882,
owned
from
Hackensack,
N. J.,
3 7 1 ,456.517, 576, 603, 737; V. 36, p. 81, 221, 340, 366, 454, 561,675; to Stony Point, N. Y., 25 miles ; leased, Nanuet & New City EE. 6 miles;
V. 37, p. 7 5 ,17 5 .).
Hackensack
ER.,
6
miles;
total
operated,
37
miles.
Organized
Sept.
4,
Nashville <£Decatur.—June 30,1883, owned from Nashville, Tenn., to
by consolidation of the Hackensack & New York RE. and the
Decatur, Ala., 122 miles. The road was leased May 4, 1871, to the L. 1874,
Hackensack
&
N.
Y.
Extension
Railroad;
Receiver
appointed
in
1877.
& N. RE. for 30 years from July 1, 1872, at a rental of 6 per cent per
Hackensack & New York ER. was sold in foreclosure August 14,.
annum on the stock, to begin after the completion of the So. & North Ala. The
1878, and was leased in perpetuity to this .company, and now forms
EE., and the first dividend under this arrangement was paid April 1, part
of main line. Reorganized- in 1880, with above debt. Stock,
1875. The lessee assumed all the debt of the Nashville & Decatur Co. $2,000,000
common, $800,000 preferred. Gross earnings in 1880-81»
Gross earnings in 1880-81, $1,023,498; net, $343,258. Gross earnings $198,410; net,
$21,790. In 1881-82, gross earnings, $220,809; not»
in 1881-82, $1,001,609; net. $331,361.
(V. 32, p. 611.)
Natchez Jackson <& Columbus—Jan., 1883, owned completed road $35,003.
New
Jersey
South.—The
road extends from Pt. Monmouth, Sandy Hook
from Natchez, Miss., to Jackson, Miss., 100 miles. Stock, $614,809. to Atco, 70 m., with branch
from Eatontown to Pt. Monmouth, 9 miles. See report, V. 36, p. 426, as to new issue of bonds. Earnings for 1882, The property was sold in foreclosure
March 31,1879 (see Ch ronicle ,
$104,188; net. $46,417. (V. 34, p. 549, V. 35, p. 71, 339, 348, 487; Y. V. 28, p. 352), and the present company
was organized July 25,1879.
36, p. 3 1 3 ,4 2 0 .)
The
capital
stock
is
$1,590,600.
The
property is subject to $120,000
N augatuck.—Sept. 30, 1882, owned from Naugatuck Junction to
the Tom’s River Railroad and $200,000 on the Long Branch &
Winsted, Conn., 56*% miles; leased, Watertown & Waterbury RE., 4 ^ on
Shore Railroad This latter bond is endorsed by the United
miles; total operated, 66 miles, 5 miles of N. Y. N. H. & Hartf. being used Sea
Companies of New Jersey. The above mortgage is for $1,590,600, of
between Naugatuck Junction and Bridgeport. Has no bonded or floating which
have interest guaranteed by the New York & Long
debt. Operations and earnings for three years past were as follow s: Branch$1,449,600
Railroad by endorsement of the bonds, and the Central of New
1879- 80, gross earnings, $592,151; net. $242,063; 1880-81, gross,
Jersey
agreed
to
assume
those bonds. The road is now operated as a
$614,410; net, $201,390; 1881-82, gross, $714,898; net, $223,784.
part of the Central New Jersey system. (V. 32, p. 121.)
—(V. 33, p. 6 2 1 ; V. 35, p. 574.)
New London Northern.—September 30, 1882, owned from New
Nesquehoning Valley—Dec. 31,1882, owned from Nesquehoning Junc­
tion, Pa., to Tamenend, Pa., 17 miles; Tunnel Branch, Hauto, Pa., to London, Conn., to Brattleboro, Vt., 121 miles, of which 100 miles
Lansford, Pa;, 1 mile; total operated, 18 miles. Opened in 1870, and leased to J. G. Smith and others. This road has been operated
was leased for 999 years to th6 Lehigh Coal & Nav. Co. at a lease rental since December 1, 1871,“ under lease to the Central Vermont^ Rail­
of $130,000 per annum, but with an option for the lessees to terminate it road ; the lease was for 20 years at $155,000 per year. Consolidated
after 1878. In 1879 tne lease was modified so as to pay 7 per cent a mort, bonds issued to retire all other funded and floating debt and ta
year only, and the option to terminate was suspended till Sept. 1,1884. pay for branch recently purchased from Vermont & Mass. ER. Opera»for four years past were as follows :
Nevada Central.—Dec. 31,1882, owned from Battle Mountain to Led- tions and earningsPassenger
Freight (ton)
Gross
Net
Div*
Ue,Nev„ 86 miles; branch, Ledlie, Nev., to Austin, Nev., 7 miles; total, Years.
Miles.
Mileage.
Mileage.
Earnings.' Earnings, p. c»
93 miles. Stock, $1,000,000. Gross earnings, 1882, $110,440; net, 1878- 9 ....
100
3,927,511
12,637,957
$470,102
$159,484
6
$13,731.)
80 .. 100 6,144,189
18,975,296
591.346
179,030 6
Nevada County—Dec. 31, (1882, owned from Colfax to Nevada City, 187918808
1
..
100
6,415,412
19,318,243
611,043
197,717
6
Col., 23 miles, narrowgauge. In 1881, gross earnings, $116,465; net,
20,421,443
587,384
162,460 6
$44,239. In 1882 gross earnings, $105,291; net, $19,167. Stock, 1881- 8 2 .. 100 7,207,081
New York <&Canada.—Dec. 31, 1882, owned from Whitehall, N. Y., t0
$242,200. J. C. Coleman, Pres., Grass Valley, Col.
Newark & Hudson.—Dec. 31,1882, owned from Bergen Junction to Rouse’s Point, N. Y., 113 miles; branches: Ticonderoga, N. Y., to Lako
Newark, N. J., 6 miles. Leased to New York Lake Erie & Western at a George, N. Y., 4 miles; Plattsburg, N. Y., to Ausable, N. Y., 20.miles;
rental of $33,000 per annum, which pays interest on bonds and 7 per West Chazy to Province line, 13 miles ; total operated, 150 miles. Thia
cent on the stock of $250,000. Cortlandt Parker, Pres’t, Newark, N. J. company was organized March 1,1873, as successor of the Whitehall ds
Newark Som. <&Straitsv.—Sept. 30,1882, owned from Newark, O., to Plattsburg and the Montreal & Plattsburg railroads. The whole line
Shawnee, O., 44 miles. Road was completed in 1871. Leased to Sandusky was completed Sept. 18,1876. The road is virtually owned by the Delà«
Mansf. & Newark for 14 years from Jan. 1,1872. Operated by the Balt. ware & Hudson Canal Company, which guarantees the bonds. The stock
& Ohio, which pays 30 per cent on gross earnings, and advances any is $4,000,000. Earnings in 1880-81 were $654,519 ; net, $217,414;
additional amount necessary to meet the interest on the debt. Capital deficit to lessee, $15,517. In 1881-82, gross earnings, $765,556; net,
• -j
stock, common, $795,400, and preferred, $218,200. Gross earnings in $195,131; loss to lessees, $43,303. (V. 32, p. 98.)
1880- 81, $177,304; net, $41,548; deficit to lessee, $14,451. In 1881-2, New York Central <&Hudson.—Sept. 30,1882, owned from N. Y. City to
Buffalo,. N.Y., 442 miles; branches on N. Y. Cent, division, 298 miles;
gross, $188,937; net, $13,078.
Newb. Dutchess & Conn.—Sept. 30,1882, owned from Dutchess June., total owned, 748 miles ; lines leased—Troy & Greeenbush, 6 ; Niagara
N. Y., to Millerton, N. Y., 59 miles. The Dutchess & Col. ER. was sold Bridge & Canandaigua, 98; Spuyten Duyvil & Port Morris, 6 ; N. Y. &
Aug. 5.1876, and this company was organized Jan. 8,1877, by the pur­ Harlem, 127 ; Lake Mahopac, 7 ; total, 245 miles ; grand total, 993 miles.
chasing bondholders. In addition to above incomes, there are $150,000 The second track owned is 508 miles ; third track, 317 miles ; fourth
1st mort. 7s, due in 1907. In 1880-81, gross earnings $160,649; track, 298 miles; turnouts, 539 miles—making a total of 2,657 miles o f
deficit, $11,865. In 1881-82, gross, $184,990; deficit, $3,126. The com­ track owned by the company. This company was formed by a consoli­
mon stock is $172,000 and preferred stock $715,350. John S. Schultze, dation of the New York Central and the Hudson River railroads October
1,1869. The New York Central was a consolidation of several reads
President, Moore’s Mills, N, Y,
., .

Branch, 34 miles; Duck River RR. (leased), 48 m iles; total, 534 miles.
The the bonds endorsed by Tennessee are secured by deposit in trust of
this company’s first mort. bonds.
A majority of the stock ($3,385,000) is owned by the Louisville &
Nashville BE. Company and pledged among the collaterals for the
trust loan of that eomnany. This company owns $75,000 of the Duck
Eiver RE. 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:




x lv iii

R A IL R O A D

STOCKS

AJSÍD

BORDS.

[V ol. X X X V II.

Subscribers w ill confer a great favor by giv in g im m ediate notice o f any error discovered in these Tables;
DESCRIPTION.
Bimds—Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due
Amount Rate per
For explanation o f column headings, &c., see notes of
Par
of
When
Where
Payable,
and
by
Stocks—Last
on first page of tables.
Road. Bonds Value. Outstanding
Cent. Payable
Whom.
Dividend.
New London Northern—Stock........... i
100
$100
Q .-J .
New London, Office.
July 2.1883
1st mortgage bonds.........S j....... . . . . . . / .............. 100 1865 lOO&c. $1,500,000
300.000
A. & O. N. Y., B’k of N. America
Sept., 1885
2d mortgage..... ............................ .......... .. ........... 100 1872 500 &c.
387.500
J. & D.
do
do
July, 1892
Consol, mortgage (for $1,500,000)
121 1880
1,000
812.000
J.
& J.
do
do
July, 1910
N. Y. <&Canada—1st M., sterling, guar. D .& iL Can
113 1874 £100<kc
4.000. 000
M. & N. London. Baring Bros.
May 1.1904
New York Central di Hudson Biver—Stock
903
100 89,428,300
Q .-J . N.Y., Or. Central Depot, July 16.1883
Premium bonds (N. Y. Central) ext. 10 v ’rs,‘ ’83”
1853 500 &c.
6,632,300
M.
&
N.
do
do
May 1,1893
Renewal bonds........ .......................
1,000
1854
2.391.000
J. & D.
do
do
Dec. 15,1887
2d mortgage, sinking fund (Hudson River)
1.422,900
J. & D.
do
do
June,
1885
Lòdo 27.465.000
840 1873
J. & J.
do
do
Jan. 1, 1903
New mortgage j ^ o o & O O O \ couP°n or reg. J 840
1,000
1873
9,733,333
J. & J.
London.
Jan.
1,
1903
N. Y. Chicago <&St. L .—Stock ($22,000,000 is pref.) 521
100 50.000.
000
1st mortgage, gold (for $15,000,000) coup, or reg. 513 1881
1,000 15.000.
000
J.
&’
b
N.
Y.,Metrop’tan
N.
Bk.
Dec”
iV
1921
2d m ortgage..........................................
1,000 10.000.
513 1883
000
M. & S N.Y., Union Trust Co. Mar. 1, 1923
Equipment bonds.......... ....... . " . ." '..* " ..." . . . ” 1.
1882
1,000
4.000.
000
.1. & J N. Y., Metrop’tan N. Bk. 1835 t o ’94
N. Y. City <&Northern—General m ort...................
’ 62 1880 500 &c.
3.697.000
M. & N N. Y., Company’s Office. May 1. 1910
2d mortgage, for $2,000,000....................................
1881
P
1911
New York <6 Greenwood Lake.—1st mort., income .. '4 0 1875 loo & c.
900,000
P. & A New York, Co.’s Office,
2d mort., incom e.. .................. ..... ............................
100 &c.
1.800.000
M. & S,
do
do
New York <&Harlem—Common stock........................ 3.32
50
8.500.000
J. & J. N.Y., Gr. Central Depot, July 2,1883
Preferred stock........................... . . '. . . . ..................... 132
50
1.500.000
J. & Jt
do
do _
July 2,1883
Consol, mort., coup, or reg., (for $12,000,000)___ 132 1872
1,000 11 . 100.000
M. & N
do
do
May, 1900
N Y. Lackawanna <&Western.—Stock, guar., 5 p.ct. 200
100 10 ,0 ^ 0,000
Q.—J.
N.
Y.
by
D.
L.
& W.
July 2, 1883
1st mortgage, coupon, may be registered.............
200 1880
1,000 12, 000,000
J. & J
New
York
Agency.
Jan.
1. 1921
2d mortgage, guaranteed (for $5,000,000)............ 200 1883
1,000
3.000. 000
1923
N. Y. Lake Erie <£ West.—Stock, common......... . . . . 1,060
100 77,087,600
Preferred stock....................................................... 1,060
100
7,987,500
Year y. N.Y., IS Cortlandt St.
Jan.. 1.883
1st mortgage (extendedin 1867 to 1897)........
1,000
1847
2.482.000
M. & N.
do
do
May 1, 1897
2d mortgage, convertible (extended in 1879).......
1,000
1879
2.149.000
M. & S.
do
do
Sept.
1, 1919
3d mort., (extended 40 years at 4% p. ct).. . . . . . .
1853
1,000
4.852.000
M. & S.
do
do
Mar. 1, 1923
4th mort., conv. (extended in 1880 at 5 per cent)
1,000
1857
2.926.000
A. & O.
do
do
Oct.
1,
1920
5th mortgage, convertible.................. .............. .
1858 500 &c.
709.500
J. & D.
do
do
June 1. 1888
Buffalo Branch Bonds.................................. ...........
1861 100 &c.
182,600
J. & J.
do
do
July
1,
1891
Long Dock Co. mortgage..............................
1863
1,000
3.000. 000
J. & D.
do
do
Jan., 1893
1st consolidated mortgage, gold..........................
1870
1,000 16.656,000
M. & S. New York and London, Sept. 1, ,1920
do
do
funded coupon bond s.
1878 500 &o.
3.704,628
M. Sr. S.
do
do
Sept. 1, 1920
under a special law of April 2,1853. The Albany & Schenectady Rail­
W
.°ffic;a1
s
.In
l8
8
1
-8
2
gross
earnings
$309,400;; net,
road opened September 12,1831, as the Mohawk & Hudson. It was the $148,345. .( V. 35, p. 22, 71. 95. 266, 373,405; V. 36, were
p.252; V. 37, ty68
l .)
first railroad built in the State of New York. The famous scrip divi­
New York Lcike Erie <£ Wesiem.—Sept. 30,1882, owned from Sufferns,
dend of 80 per cent on the capital stock was made in December, 1898.
?
"
Y
”
•
Y
•
’
4á,)
«ules
:
branches—Piermont,
18
miles
;
Newand on the consolidation with the Hudson River road (Nov. 1,18691 p
gif miles: Buffalo. 60 miles: Erie International RR.. 5 miles •
further dividend of 27 per cent was distributed on the N. Y. Centra! j&fjij
to Ridgewood, 11 miles ; leased—Montgomery & Erie RR.!
stock and 85 per cent on the Hudson River stock. The iP'-rtgave for Rutherford
10
miles;
Goshen & Deckertown. 12 miles; Newburg & New York
$40,000,000 was issued to lay the third and fourth tracks, with a 13 miles; Paterson
Newark &N. Y., 11 miles; Hawley & Honesdale, 24
sufficient balance retained by the company to retire all prior bonds. In
November, 1879, 250,000 shares ($25,000,000) were sold to a syndicate mil a« - ¿ ? ^ r£ ° v R? -g 3-' “ Jl1a8 ’ nUf> f racl- & Pittsburg and extension, 66
of bankers by Mr. W .H . Vanderbilt at the price of 120. and 100,000
shares more afterwards. Prices of stock have been:
); Paterson & Ram., 15
1882.
1883.
3882.
1883.
, -,
_ . „ , - „
.- ■ ------- Southwestern, 68 miles;
J a n ... . . . 135%-128% 128%;125% July........ 13612-13012 12058-113% controlled—Newark
&
Hudson,
6
miles;
Weehawken
New York & Fort
-Feb.. . . . . 131 p s g S i. 12738-12414 August.. 138 -132ië
Lce. ô mües; Northern of N. J., 25 miles ; -total operated, 1,060 miles.
March. . . i 34%-129
12918x3 25 Sept’b e r . 137%-132%
A p ril. . . . 133%-125
12gi2-125
October . 134%-13l%
M a y ....... 328%-123% 12538-12014 Nov’ber . 132%-12>
J u n e ..... 133%-125% 125 -11812 Bec’ber.. 33414-125%
Annual report for 1881-2 was published in the Chronicle , v . 35 p. 734. m 1859, and in 1861 the Erie Railway was organized as its succes­
REVENUE ACCOUNTS—1878 TO 1882—FIVE YEARS.
sor. The Erie Railway defaulted on its bonds in 1875, and was Sold
Tear
Net Income, Diviin foreclosure under the second consolidated mortgage in 1878. The
endmg Passenger Freight (ton)
Gross
over exp., dends,
present company was organized and took possession June 1, 1878.
Sep. 30. Mileage:
Mileage.
Receipts. int.&rents, p. c. Surplus. Under the plan of reorganization the above* statement represents
1878.300,302,140 2,042,755,132 $28,910,555 $»,038,445 8 $898,917 all the stocks and bonds issued to September 30, 1882. By the
1879.290,953,253 2,295,825,387
28,396,583 7,594,485 8
454,957 term8 of the plan one-half of the stock, both common and preferred, is
1880.330,302,223 2,525,139,145
33,175,91310,569,219 8 3,427,736 issued to “ Voting Trustees” in London, who shall vote on them until
1881.373,768,930 2,646,814,098
32,348,395 7,892.827 8
754.484 the dividend on the preferred slock (6 per cent) has been paid for three
1882.432,243,282 2,394,799,310
30,628,781 5,743,904 8 *1,401,608 consecutive years (See V. 36, p. 1). The funded coupon bonds are se­
•Deficit.
cured by lien of consol, mortg. The second funded coupon bonds are
—(V. 35, p. 545, 720, 7 3 4 : V. 36, p. 236, 340, 536; V. 37, p. 48.)
5 per cents till June, 1883, and airer that 6. On the second mortgage and
Hew York Chicago <£•St. Louis.—Buffalo, N. Y.. to Grand Crossing, 111., second funded coupon no forech sure can take place till six successive
514 miles; Grand crossing to Chicago (leased), 7 miles; total, 5 2 1 miles. coupons are in default, but all of ore coupon must be paid before any
This company was formed in 1881. and became familiarly known as the part of a subsequent coupon is pail. In ¡832 the reorganization first
“ Nickel Plate.” Of the stock $22,000,000 is pref. 6 per cent. The “ sub­ lien bonds dated 1878 were issued to procure money for laying double
scriptions” to the bonds of the company were on the basis of $13.333 track west of Hornellsville to complete the double track throughout.
cash, tor which were given $10,000 in 1st mort. bonds, 200 shares of These bonds rank next to the first consolidated mortgage and its funded
gref, and 200 shares of com. stock, making $50,000 of the par value of coupons. lu 1883 the collateral t rust bonds were issued, amounting to
the securities. The equipment bonds draw interest at 7 p. c. from Jan 1 $5.001,000. (See V. 36, p. 221. Preferred stock has a prior right to
1883; the principal is payable $400,000 yearly, 1885 to 1-95. In 6 per cent (non-cumulative1from the net profits, “ as declared by the
October, 1882, the famous sale of the stock to a syndicate took place. board of directors,” and in Jan., 1883. it was decided by the U. S. Circuit
Including 124,800 shares of common stock and 140,500 preferred, at the Court that wlim sufficient earnings were shown the dividend must be paid
Trices of stock have been as follow s:
respective prices (as repotte l) of 17 a id 37. Parties connected with the
-Common.Lake Shore & Mich. So. were purchasers, and in January, 1&83, it was
-Preferred.1882.
1883.
voted to issue $6,500,000 Lake Shore consol, bonds to p -y for this
1882.
1883.
43%- 38%
stock, which is held by the Lake Shore & Michigan Southern Co. (V. 35 January.......
40%- 37%
85 - 79
83 - 79%
40%- 35
39 - 31%
p. 23. 236, 249. 265,266,405,479, 487, 517, 546, 5 76,658; V. 36. p’ February___
80%- 73
80 - 75
140, 312. 427, 731; V. 37, p. 23.)
’ 1 March..........
38%- 34
38 - 36%
77 %- 67
37% 34%
39% - 36%
New York City <£Northern.—Deo. 31, 1882, owned from 157th Street A p ril........ ï .
78 - 71%
’ 81%-"80%
36 %- 34%
37% - 33%
In 8th Avenue, N .Y. City (connecting with Metropolitan Elevated), to M ay..........
74 - 7 2
79 %- 78
37%- 33%
Brewsters, N .Y ., and bianch, 54 miles. This company was organized June.
38% - 35%
75 - 69%
8l% - 79
41%- 35%
37% - 34%
March 1. 1878. and acquired the N .Y . West. & Putnam (formerly the J u ly .............
8l% - 73
80 - 76
41%- 38%
N. Y. & Boston Railroad), sold in foreclosure March, 1876. The com­ August........
81 %- 77
43%- 39%
pany in May,. 1880, leased the West Side & Yonkers road for 999 years- September ..
87%- 80
43%- 39%
and the consolidated mortgage was issued to take up all the other bonds’ October........
87%- 83%
40%- 34%
o f winch $274,000 under a prior mortgage were outstanding Nov. 1, November . .
85%- 80%
40%- 35%
1881. StOGk is $2,990.000. Default was made in interest due May 1 December...
88%- 82%
1882, and foreclosure is pending. See proposed plan of rr organization’ The last annual report was published in the Chronicle , V. 35, p. 635!
.h -. 3H,i<
Gross earnings in 1881-32, $237,664; netloss, The operations and earnings for four years past were as follows:
$71,i l l . (V. 35, p. 132, 321. 374; V. 36, p. 162, 366. 699.)
’
Operations—
1878-79.
1879-8 J.
1880 81.
1881-82'.
New Xork <£ Greenwood Lake.—Dee. 31,1882. owned from Jersey City. Passenger mileage. ..149,115,718 180,460,204 200,483,790 225,130,883
N. J.. to Greenwood Lake, 43 miles; branches—Ringwood Junction to Rate p. pass. p. mile. 2-091 ets.
2 041 cts.
2-016 cts.
1*947 cts.
Ringwood. 2 miles; North -Newark to Orange, N. J., 8 miles; total, 58 Freight (tons) mil’ge.1569222417 1721112095 1984394855 1954389710
miles. This was the Montclair Railroad, opened in 1874. It was sold iv. r vte p. ton p.inile 0-7?0 cts.
0-836 cts.
0*805 cts.
0-749 cts
$
Earnings—
and reorganized as Montclair & Greenwood Lake, and again sold
$
$
$
October 12, 1878, and the present company organized. The New York Passenger.................. 3.118,944
3 682.951
4 ;041,267 4,384,510
Lake Erie (.^Western purehasea a controlling interest in the property Freight..... ............ .-.. 12,233,481 14,391,115 15,992,275 14,642,128
aim now operate it. The holders of the second mortgage bonds have Mail, expr’s,rents,&o
589,598
619,042
682,063
949,136
a right to pay off the first mortgage bonds of $900,000 at 105, and thus
gain control-of the property. The stock is $¡00,000; advances due to
Total gross earn’gs. 15,942,023 18,693,108 20,715,605 19,975,774
the Erie $101,629; to Cooper & Hewitt $10,197. In 1881 the net deficit
Operating exp’nses 11,174,697 11,643,925 13,256,230 13,088,093
In earnmgs was $44,003; net earnings in 18-52 $20,411. Abram S
7,049,183
Net earnings............ 4,767,324
Hewitt, President. (V. 3 6 ,^ 6 7 3 ; V. 3 7 , p . 151.)
7,459,375
6.887,681
N. Y. <a Hur.om.—Sept. 30, l882, owned from N. Y. City to Chatham P. c. op. exp. to earn’s
70-09
62-29
6400
65-50
N. Y., 127 miles. From Chatham to Albany, 24 miles, the Bost. & Alb
PROFIT AND LOSS.

J

,

V

v V W . 4.V A.

06 -n u u .su II X ii v e r K K .,

at a yearly rental from the lessee of 8 per cent dividends on the stock and
the ■interest on the bonds. The Fourth avenue horse railroad, together
with valuable real estate, was retained by this company, and extra
dividends are paid out of the receipts therefrom annually in April. All
operations of the main road are included with those of the N. Y. C. & H.
New lork L ack. <£•West.—From Binghamton to Buffalo and Internation­
al Bridge, 211 miles, built under the auspices of Del. Lack. & Western.
Opened Oct., 1882, and leased to Del. Lack. & Western for 99 years,
with a guaranty of the bonds and 5 per cent yearlv on the stock. The
letter guaranty is written across the face o£ the certificates and signed




Credits—
Net earnings........ .............
Other receipts— ..................

1880.
$7,049,183
783,957

1881.
$7,459,375
844,306

1882.
$6,887,681
780,654

Total credits..................
$7,833,140
Hebits—
Pavouia ferries—expenses....
$216,318
Interest on funded debt..........
3,963,872
Long Dock Co. bonds.—inter’t
210,000
Weehawken Docks—interest..
64,453
Guaranteed interest........
‘
131,928
Rentals of leased lines........... .
662,952
Bus. Br. &E. June. RR.—rent.
25,701

$8,303,681

$7,668,335

$249,643
4,148.745
215,000
64,453
86,914
689,802

$245,108
4,316,369
210,000
64,453
50,908
704,361
18,296

17,901

R A IL R O A D

A ugust , 1883. J

STO CK S

AKD

x l’x

BORDS

Subscribers w ill confer a great favor by giv in g Im m ediate notice o f any error discovered In these Tables.
Bo nds—Prin oi INTEREST OR DIVIDENDS.
DESCRIPTION.
pal,When Due,
Miles Date Si ze, or
Amount Rate per When Where Payable, and by Stocks—Last
of
Par Outstanding
For explanation of column headings, Asc., see notes of
Dividend.
Whom.
Cent. Payable
Road. Bonds. Value.
on first page of tables.
N. Y. Lake Erie & Western—(Continued)—
Reorganization 1st lien bonds, gold.......................
N.Y. L.E. As W., 2d consol, morr., gold............
do
income bonds (non-cum.).............
Trust bonds, with collaterals...........................
New York dkLong Branch—Stock...............................
Mortgage bonds.......................................... —
N.Y. dk N. England—Stock ($20,000.000 auth’rized)
1st mortgage, new ($0,000,000 are 7s)................
2d mortgage..... ....................................- ................. .
New York New Raven d Hartford—Stock..............
Mortgage bonds, reg. (for $3,000,00 ) ..................
. Harlem & Portcliester, Jst mortgage guaranteed.
do
do
2d movt., coup, or reg.......
New York Ontario di Western—Preferred stock........
Common stock............................................................
New York Penn. <&Ohio—Prior lien bonds, gold,$Az£
1st mort., gold, incomes till July, 1895, $ & £ . . .
2d mortgage, incomes. $ & £ .................. ju............
3d mortgage, incomes, $ & £ .... ........................ .
N.Y. Pittsburg d Chic.—1st M., gold ($18,000 p. m.)
N. Y. Proa, di Boston—(Stouington)—Stock.............
First mortgage............................. ..................... .......
1st mortgage............. .........|............-.......................
N Y. Susqneh.d Western—New mort., gold................
First mortgage, Midland of New J ersey........ : ___
Mortgage, gold, on Paterson Extension...............
Debenture bonds ............... ......................................
N.Y. Tex. <&Hex.—1st M.. gold, 1. g. (for $8,000,000)
N.Y. West Snore & Buffalo—IstM., gold, coup. Asreg.
W. Shore As Ont. Terminal Co., 1st M.. gold, guar.
N.Y. Woodhavcn di Rockaway.— 1st mortgage...........
Niagara Bridge <£ Canandaigua Stock ...............
Norfolk d Southern—1st mortgage, gold..................
2d m o rta g e , income (cumulative)................ .
Sinking fund debenture certificates............. .........
Paterson & Newark RR.—rent.
Other expenses.........................

1880.
$11,327
755,955

38
2ÔS
153
153
12
12

344
344
427
460
460
460
83
50
12
114
72

463
"

1*6

98
75
75

1881.
$4.279
944.496

1878
1873
1878
1882
1882
1876
1882
18-3
1873
1881
....
1880
18*0
1880
1880
1881
1869
18*1
1881
I e 80
18*1
1882
1882
1881
1883
1882
1880
18*1
1881

$1.000 $2,500.000
6 g.
500 Asc 33,597,400
6 g.
6
300 &c.
508,008
5.000.
009 6
....
2.000.
000
1.500.D00
5
16,502,000
1.000 10,000,000
6&7
<>
3,000,000
1,000
100 15,500,000
5
4
l.OOOAso 2,000,” 00
1,000
2,000,000
6 &7
4
1,000
1.000,000
12
2,000,000
....
58,113.982
50Ö &c.
8,000,000
6 g.
500 &o. 38,971.000
7 g.
500 Asc. 14.500,000
5 g.
500 &c. o0,000,000
5 g.
500 Asc.
6 g.
iti
3.000.000
2
100
1,000 000
1,000
7
300,000
4
1,000
6
1.060
2,500,i mO
500 &c.
3,500,000
6&5
1,000
250,000
6
600 00 •
500 &c.
6
3,000,000
500
6 g.
1,000Asc 50,000,00b
5 g.
l.OOO&o
('0
5 g.
600,000
6 g.
1,000
1,000,000
3
1,000
900,000
6 g.
1,000
1,000,000
6
250.000
6
1,ono

1882.
$ ........
892,198

Total debits......................... $6,012,519 $6,416,2^3
$6,501,693
Surplus income.................. $1,790.620 $1,>-87,417 $1.166,642
—(V. 34, p. 1, 1 4 3 , 147, 231, 409. 435,475, 673, 688 ; Y. 35, p. 51, 103.
160, 348, 405, 430, 431. 617, 6 3 5 , 638, 763; V. 36, p. 2, 3b, 81, 170,
208, 221, 312, 340, 366, 427, 479, 561, 675 ; Y. 87, p. 48.)
New York <& Long Branch.—The following-named companies were
consolidated on the 21st of December, 1881 : New York & Long Branch
RR., from Perth Amboy to Long Branch, 23 miles; New Egypt & Farmingdale RR., from Long Branch to Ocean Beach, 7 ; Long Branch
Sea Girt RR., from Ocean Beacli to Sea Girt, 3; New York As Long
Branch Extension RR., from Sea Girt to Point Pleasant, 3 ; Long
Branch As Barnegat Bay RR., from Point Pleasant to Bay Head, l ;
total length, 38 miles. The Central RR. of New Jersey holds a ma­
jority of the stock, and by contract of Jan. 3,1832, the Pennsylvania
Railroad and Central of New Jersey agree to pay 32 per cent of gross
traffic—$206,000 per year as a minimum to $240,000 as a maximum.
—(V. 33, p. 642, 745.)
New York di New England.—Sept. 30.1882.'mileage owned was as fol
lows: Boston to Hopewell Junction, 215miles; Wicopee toNewburg, 3
miles; Providence to Willimantie, 58 miles; branches—Brookline, Mass.,
to Woonsocket, R. I., 34 miles; E. Thompson, Conn., to Southbridge,
Mass., 17 miles; Islington and Elmwood to Dedham, Mass., 3 miles;
Charles R. to Ridge Hill, Mass,, 2 miles ; Dorrauce Street, in Provi leuce,
1 mile; total owned, 333 miles. Leased—Franklin to Valley Falls, 14
miles; Vernon to Rockville, 4 miles; Springfield to E. Hartford, Asc., 34
miles ; Norwich & Worcester RR , 6;> miles ; total leased, 119 miles ; also
has running arrangements over 26 miles more Total operated. 478 miles.
The former Boston Hartford As Erie Railroad became insolvent and was
succeeded by this company, formed in 1873. The Boston Hartford
Erie’s principal debt was the Berdell mortgage for $20,000,600, which
was made exchangeable into the stock of this present company, and on
Sept. 30, 1832, $3,498.000 yet l'emained to be exchanged. In 1878-9
the company acquired the Hartford Providence & Fishkill Railroad by
the payment of its bonds. On Sept. 30, 1882, there was $1,734.432 of
floating debt. In June, 1832, $5,oOO,GOO new bonds were authorized,
and stock owned by the State of Massachusetts was sold to the stock­
holders at 50 per cent, while the tecond mortgage bonds to ihe amount
of $1,737,000 were issued to the State of Ma-sachueeits. See annual
report fu V. 35, p. 656, for this and other financial operations of the
year. Operations, Asc., for three years past were :
Passenger
Freight (ton)
Gross
Net
Years.
Miles.
Mileage.
Mileage.
Earnings Earnings
18798 0 .316
41,762,072 43,678,700
$2,324,940 $771.935
18808 3 .412
46,738,566
64,562,865 ‘ 2,692,374
850,876
18818 2 .412
55,353,672 103,668,653
3,302,789 943,173
(V. 34, p. 205, 4 6 Î, 479, 655, 688, 714; V. 35, p. 79, 161, 212, 298,
348, 5 7 6 ,6 5 6 ; V. 36, p. 80.510.)
N. Y. N. Haven di Hartf.—Sept. 30,1882, owned from Harlem Junction,
N. Y., to Springfield, Mass., 123 miles; branches to New Britain, Middletown and Suffield, 18 miles; leased—Harlem AsPortchester RR., 12 miles;
Shore Line RR., 50 miles; total operated, 203 miles. This was a consoli­
dation July 24, 1872, of the N. Y. & New Haven and the Hartf. & N. H.
-railroads. The company uses the N. Y. As Har. RR. front Williamsbridge
into N. Y. City and pays a large toll therefor. The company leases the
Har. Riv. As Port. RR. and guarantees the bonds. In Nov., 1882, the
lease of the N. Y. & 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. & Conn. Val. road was purchased. In April, 1881, a controlling in­
terest was bought in the N. Haven As Northampton KR. stock, by parties
in the interest of this company. Operations in 1881-82 as below include
for the first time the Shore Line road; gross receipts from all sourcees,
and net income over rentals and all charges, have been as follow s:
Passenger Freight (ton)
Gross
Net
Div.
Years. Miles.
Mileage.
Mileage. Receipts.
Income, p. e.
187980. 152125,300,345 78,372,806 $4,533,342 $2,729,250 10
1880- 81. 153
152.730,696 108,611,607 5,292.624 3,436,435 10
1881- 82. . . . .
185.201,407 117.459,231 6,159,829 4.16>,637 10
—(V.34,p. 58; V. 35, p. 21,297,298,517,602; V.36, p. 2 8 ,8 1 , 170,304,
510, 611, .31.)
New York Ontario d Western.—September 30,1882, owned from Oswego, N. Y., to Middletown, N. Y., .249 miles; branches to Courtland,
N .Y .,4 8 miles; to New Berlin, 22 miles; to Delhi, 17 tniles; to Ellenville, 8 miles; total operated, 344 miles. This was the New York As
Oswego Midland. Main line was opened July, 1871. Default was made
in 1873. and the property placed in the hands of Receivers Sept. 18.
1873. The main line was sold in foreclosure November 14, 1879. The
present company was organized January 22, 1880.
From
assessments about $9,000,000 was received, and in February,
*.881, a contract was made with the North River Construction Company
capital $10,000,000) for completing the road. In September, 1881,
further agreements were made with the New York West Shore A? Buffalo
road. The stockholders of record Aug. 5,1 8 >2, had the privilege of
taking.$10,000,000 of the first mortgage 5 per cent bonds of the N. Y.




M.
J.
•T.
M.

& N. New York and London.
As D.
do
do
As D.
do
do
As N.
do
do

Dec.
Dec.
.Tune
Nov.

1,
1.
1,
1,

1908
1969
1977
1922

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

As J Bost.,Treasuier’s Office.
do
do
«te A.
As J. N.Y., Grand Cen. Depot.
& D.
do
do
do
do
As O.
As I).
do
do

Jan., 1905
Aug. 1,1902
Jan. 2, 1883
June 1, 1903
1903
June 1.1911
Match 1,1883

London and New York.
do
do
do
do
do
do
New York Agency.
N. Y., M. Morgan’s Sons.
do
do
do
do
N.Y., Central Trust Co.
N. Y , Nat. Park Bank.
N. Y., 93 Liberty St.

March i, 1895
July 1, 1905
May 1, 1910
Nov.. 1915
July 1, 1921
Aug. 10,1883
July 1, 1899
April 1, 1901
July 1, 1911
April 1, 1910
1911
Aug- 1, 1897
Oct. 1, 1912
July. 1981
Aug. 1, 1923
Jan. 1, 1902
April 1, 1883
Sept. 1, 1920
Jan. 1, 1970
Oct. 1. 1892

N. Y., 119 Liberty St.

M. & 8.
J. As J.
M. As N.
M. As N.
J. As J.
Q .-F .
J. As J.
A. As O.
J. & J.
A. As O.
J. As D.

A. As'O. New York As London.
J. As J. Now Y ora. or London.
F. As A.
New York.
J. As J. N. Y., Fisk As Hatch.
A. As 0.
New York.
M. As S.
Yearly.
A. As O. N. Y., Dominick As D.

West Shore & Buff. RR. on paying 50 per cent in cash. The annnal
report for 1881-82 was published in the Chronicle, V. 36. p. 250.
Preferred stock to receive 6 per cent (non-cumulative) from net earn­
ings ; surplus goes to common. In March, 1883, dividends for two years
were paid on preferred stock. In 1»>80-81 gross earaings $925,044; net,
$217.5431 In 1881-82, gross, $1,036.564; net, $188,291. (V. 34, p.
87. I 7 4 ; V. 35, p. 132. 161. 212; V. 36, .). 2 5 0 .)
New Yo 'k Pennsylvania it- 0.—Nov. 30, i882. owned from Salamanca,
N. Y., to Dayton, O., 388 miles; branches—Meadville, Pa., to Oil City,
33 miles; Junction (mainline) to Silver Creek, O., 2 miles; total owned,
423 miles. Leased lines—Cleve. As Mahon. RR., Cleveland, O., to Pa. Line,
and branch, 81 miles; Niles & New Lisbon RR., Niles to New Lisbon, 36
miles; Liberty & Vienna R R „ Vienna Junction to Vienna, 8 m iles; Ohio
Line to Sharon. Pa., 2 mile; Sharon R’y, and extension. 17 miles; total
operated, 565 miles. Changed to standard gauge June. 1880. Formerly
Atlautib & Great Western Railway. Sold July 1, 1871, and leased to
Erie on May 1, 1874, »but lease not carried out. Again iu hands
of a Receiver Dec. 9, 1874. Sold .Tajn. 6, 1880, and reorganized by a
London committee of stock and bond holders. (See V. 30, p. 143.)' From
May 1, 1883. leased to New York L ike. Erie As Western. The terms of
the contract provide that the New York Lake Erie As Western, as lessee,
shall pay the minimum sum of $1,757.” 55 yearly (the net earnings of
1882); the actual rental wiii be 32 ocr c.nt of all gross earnings up to
$6,00 ».O.iO, and 50 per cent of all grosfi earningsjabove $6,000.oOO,
until the average of the whole,rental is raised to 35 per oeut, or until
the gross earnings are $7,2 0,000, and then 35 per cent of all earnings.
But if 32 per cent of the gross earnings should, ever be less than the
$1,757,055 to be paid yearly.-then the cfefioit is to be made up without
interest out of the excess m any subsequent year. Out of the rental
paid, the N. Y. P. As O. has to pay its interest and rentals, and for five
years a payment of $26'»,000 a year to the car trust.
Five trustees are to exercise the voting power 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 be chosen annually by a majority in
value of the. first mortgage bondholders, one by the second mort. bond­
holders, and the fifth by the leased Line bondholders. The first mortgage
bonds bear 7 per cent, whatever portion of this that may not be earned
to be payable iu deferred warrants, to be capitalized in bonds of the
same class; payment of interest to become absolute not later than July
1.1895, and until Juno 1,1895, the right to foreclose the mortgage is
suspended. On the second and third mortgages there is no right to
sue the company or to foreclose. The stock is—pref. shares, $10,006,000;
common shares. $35.000.000.
On Jan. 1, 1882, tne coupon on 1st mortgage bond was passed. The
annual report iu V. 36, p. 398, gave the gross earnings for 18S2, $5,831,- .
082; net income, $ ',028.011; disbursements, $2,111,691.
- ( V . 31, p. 87, 265, 292, 3 1 3 , 605; V. 35, p. 103, 373, 517; V. 36, p.
252,286.366, 498.427.)
New York Pittsburg & Chicago.—This is the projected line from Red
Bank, Pa,., to Huntington, Ind., and to Chicago, forming a western con­
nection for the Central of New Jersey.. The company wa> 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
of the mortgage, and Gen. J. 8. Negley, Pittsburg, is President.
N. Y. Prov. di Boston.—Sept. 30,1882, owned from Providence. R. I., to
Groton, Conn., 6 2 miles; Warwick RR., 10 miles; operates alsoPawtuxet
and Pontiac branch roads, 10 miles; total oper :ted, 82 miles. Owns a
majority interest in the Prov. As Ston. Steamshij Line, which has a capial of $1,400,000. Operations and earnings for four years past were:
Total net Div.
Passenger Freight (ton) Gross
Earnings. Income. p.C.
Mileage.
Years.
Miles.
Mileage.
11,467,971 $689.008 $318,656 8
1878-9.. . .6 3
19,377.410
779,885
349,096 8
1879-80 .. 71*2 22,167,232
11,290,326
957,717
355,245” 8
13,098,143
1880-81 .. 73
22,862.036
1881-S-2 . 72
14.700,005 1,065,650 375,079
8
23,836,502
-(V . 35. p. 656.)
New York Susquehanna dk Western.—West End, N. J., to Unionvifle,
N. Y., 72 miles ; Two Bridges, N. J., to Gravel Place. Pa., 50 miles;
branches, 9 miles, leased Unionville to Middletown, N. Y., 13 miles;
Lo i Branch, 2 miles; total owned, leased and operated, 146 miles.'
This was a consolidation in June, 1881, of the Midland of N ..J., the
Paterson Ext., the North Jersey, the Pa. Midland and tiie Midland Con­
necting railroads Stock, common, $13,000,000; preferred (cumulativa
7 per cent), $8.000.000. The N. J. Midland junior securities were ex­
changeable into stock of this company on certain terms (see V. 36,
p. 536, 588.) Gross earnings, 1881. $610,851 ; net, $216,421. (V. 34, p.
62, 205, 479.521. 5 7 3 ; V. 35, p. 189, 213, 291.431,51, ; V. 3 6 ,p.
81, 536, 5 8 8 ; V. 37. p. v3.)
New York Texas <£■ Men con. Line projected from Rosenburg Junc­
tion, Texas, to Brownsville, 350 miles. July, 1882, 92 miles In
operation. Mongaire $22,350 per mile, covering 5,120 acres of land
(so far as obtained). : li the grant, which is 10.240 acres per mile.
Stock, $ ,060,000.. See V. 36, p. 479. (V. 34, p. 575 ; V. 35, p. 22, 161,
576; V. 36, p. 479.)
New York West Shore d Buffalo. — (See M a p p a g e 1.)—This
was a consolidation in July, 1881, of the N. Y. West Shore
As Buf., the Jersey City As Albany and the North R iver
railroads. It is building a line from Weehawken, N. J., tot

R A IL R O A D
STO CK S
AND
BONDS




A ugust , 1883.]

E A IL R O A I)

STOCKS

AFD

BOFDS.

li

Subscribers w i ll confer a great favor by giv in g im m ediate notice o f any error discovered in tbese Tables.
DESCRIPTION.
Bonds—Prinet
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due
Amount Rate per When
For explanation of column headings, &c., see notes of
of
Par Outstanding
Where Payable, and by Stocks—Last
Road. Bonds Value.
on first page of tables.
Cent. Payable
Whom.
Dividend.
563
Norfolk <t Western.—Common stock..........................
$7,000,000
$ ....
1
Preferred (6 per cent) stock.................... ................ 563
Ì5.000.000
Q,.—Mob
Dec. 15,1882
Norfolk <& Western—(Continued) —General M., gold. 428 1881
6 g. M. & N. N. Y. and Philadelphia. May 1, 1931
6,500,000
1.000
1st M.,-gold, on New Rlv. div, (op., but may berg.)
76 1882
2,000.<i00
6 g. A. & O. N. Y., 34 Pine Stféet. April 1, 1932
1,000
.
Car trust............................................. .................. .
552,400
M’nthly
8
Norfolk & Petersburg—2d mort.................. .......... -§ £ 1868
496,000
1,000
J. & J. N.Y., Union Nat. Bank. July 1, 1893
South Side—1st pref. consol, m o r t......................... 133 1866
703,000
8
J. & J. N. Y.,Nat. Park Bk. Jan. 1, ’84-’90
1,000
do
2d
do
gujtr. Petersb’rg 133 1866 200 &c.
581,300
6
J. & J.
Petersburg, Va.
Jan. L ’84-’90
do
3d
do
.......................... 133 1866 200 &c.
6
J. & J.
452.800
do
do
Jan.l,’98-1900
Virginia & Tennessee—Enlarged mortgage............ 214 1854
6
J. & J. N.Y., Union Nat. Bank. July 1, 1884
1,000
990,000
do
do
4th mortgage..................... 214 1865
J. & J.
1,000
1,000,000
8
do
do
Moh. 1, 1900
North Carolina—Stock, com mon...................... ....... 223
....
3
M. & 8. Company Shops, N. C. Mar. 1, 1883
100
3,000,000
Preferred stock.......................................................... 223
3
M. & S.
100
1,000,000
do
do
Mar. 1, 1883
Mortgage bonds......................................................... 223 ’67-’ 68
210,000
M. & N.
500
8
do
do
NoV., 1888
North Carolina Midland..... ............ ..........................
1882
2,000,000
North Pacific Coasts-1st and 2d mortgages.............
'7 6 1881
1,100,000
6
M. & N.
Nov. 1. 1901
North Pennsylvania—Stock, guar.......................
2
88
....
Q.—F.
50
4,399,750
Philadelphia Office.
Aug. 25, 1883
1st mortgage..............................................................
56
1.930.500
6
500 &c.
J. & J.
do
do
Jan. 1. 1885
2a mortgage........ ......................................................
56
1,500,000
7
M. & N.
500 &c.
do
do
May 1, 1896
General mortgage b o n d s ........................................
2,569,500
7
J. & J.
do
do
1903
Bonds secured by $1,200,000 stock.......................
1881
1,200,000
3
M. & 8.
do
do
Sent. 1, 1905
Northeastern (S. C.)—Stock, common........................
102
50
899,350
6
April 10,1883
1st mortgage.............................................................. 102 1869
500
820,000
8
M. & S.
Charleston, Oifioe.
Sept. 1, 1899
102 1869
2d m ortgage..............................................................
500
322.000
8
M. & S,
do
do
Sept. 1. 1899
Consol, mort., gold (for $1,836,000)........................
1883
1,000
do
do
6 g- J. & J.
Jan. 1, 1933
(1)
Northern ( Cal.)—1st mortgage................ ....... ........ ì l i 1877
3,148,000
6
J. & J. Central Paoific RR.
Jan. 1* 1907
San Pablo & Tulare—1st mort................................
47 1878
1,000
1,023,000
6
A. & O.
do
do
April 1, 1908
322
Northern Central—Stock............................. ________
4
6,500,000
50
J. & J. Baltimore & Philadel. July 15, 1883
1st mortgage, State (Maryland) loan............. ........ 138
....
1,500,000
6
Annapolis.
Q.—J.
Irreaeemable.
2d mortgage, coupon, sinking fund.......................
138 1856 5 00 &C.
1,490,000
6
j. & j .
Baltimore.
July, 1885
3d mortgage, coupon................................................
138 1865 500 &c.
1,126,000
6
A. & O. Baltimore & Philadel.
April, 19001
Consolidated mortgage, gold, coupon....................
138 1868
2.599,000
1,000
Baltimore.
July i , 1900
6 g. J. & J.
Consolidated mortgage, gold, registered............... 138 1868
1,000
205,000
Baltimore & Phila.
6 g. A. & O.
July 1, 1900
C onsol. general mort., gold, s. f., coup., $ or £ __
138 1874
1,000
4,508,000
6 g- J. & J. London <fc Baltimore. July 1, 1904
2d-general mort., “ A,” coupon........... .................... 138 1876
1,000
2,901,000
5
J. & J
Baltimore.
Jan. 1, 1926
do
“ B.” coupon.................................
138 1876
1.000
1.000,000
5
J & J.
do
Jan. 1, 1926
Athens, on the Hudson River (with branch to Albany), and thence to
Buffalo (425 miles), and connecting with the road of the N. Y. O. & W. at
Middletown, N. Y., by a branch from Cornwall on the Hudson, total
length 472 miles. Of this whole line the N. Y. O. & W. has built from
Weehawken to Cornwall and from Cornwall to Middletown for the
N. Y. W. Sh. & B., in consideration of receiving $10,000,000 mortgage
bonds and $2,006,000 stock of the N. Y. W. Sh. & B. Then theN. Y.
Ontario & Western (eases the road from Middletown to Cornwall, and
from Cornwall to Weehawken, for 99 years, at 25 per cent of the
gross earnings per year, but guaranteeing a minimum rental of
$500,000. This lease is subject to the right of the N. Y. W. Sh. & B. to
run over the road from Cornwall to Weehawken, accounting to the N.
Y. O. & W. for its pro rata share of the earnings. Prom Cornwall to
Buffalo the North River Construction Company is the builder.
The West Shore Road connects with the Suspension Bridge at Niagara
Falls, and with the International Bridge over the Niagara River, by
means of the branches of the N. Y. Lake Erie & Western running to those
points, for the use of which it has contracts.
The terminal property on the Hudson River & Weehawken is very ex­
tensive, embracing a water front of 6,790 feet, and containing an area
o f 440 acres, of whioh 200 acres below the bluff are available for tracks,
buildings, piers, etc. This property is owned by a company entitled
“ The West Shore & 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 f 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.
A full account of the woi'k and the resources o f the Construction Co.
was givenin the Chronicle of Sept. 2,1882 (V. 35, p. 267.) The stock
is $40,000,000 and 1st mortgage bonds $50,000,000, the U. S. Trust Co.
•of New York being trustee. Dec. 1, 1882, the Construction Company
contracted with Winslow, Lanier & Co. and a syndicate they organized,
for a sale of first mortgage bonds estimated to be suificient to complete
the road to Buffalo, and of the bonds taken by the syndicate $ 16,145,000 were withdrawn from sale, by agreement, until March l, 1884. In
August, 1883, a memorandum of all the cash received for construction
was given as follow s:
Ontario & Western reconstruction fu n d .................................$10,000,000
Sale to O. & W. stockholders of $10,000,(M)0 bdnds at 50___
5,000,000
North River Construction Co. stock........................................ 10,000,000
No. Riv. Cons. Co. subs, to $15,000,000 W. S. bonds at par. 15,000,000
Winslow, Lanier & Co.’s con tract............................................ 15,000,000
Total ................ ................................................................. $55,000,000
- (V. 35, p. 266, 339, 538, 576, 577, 638; V. 36, p. 56, 196, 340, 497,
536, 591, 651; V. 37, p. 48, 151, 175.)
N. Y. Woodhaven <&Bockawau.—Deo. 31,1882, owned from Glendale
Junction, L. I., to Rockaway Beach, 12 miles. By ooutraot with Long
Island RR. is to control all travel to the Beach by rail. The stock is
$1,000.000. Income bonas. 6 per cent, $1,000,000. In 1882 gross
■earnings were $105,682; net, $36,501. (V. 34, p.265)
Niagara Bridge <£- Canandaigua.—Oct. L, 1882, owned from Canan­
daigua to Suspension Bridge, N. Y., 98 miles. The road is leased in
perpetuity to the New York Central & Hudson at $60,000 per annum.
Has no debt, but prior to foreclosure mortgages were $2,170,000.
Norfolk (6 Western.—Dec. 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 m iles; Junction to Saltville, Va., 10 miles. Total operated, 428
miles.i Under construction,: New River Bridge to Pocahontas, Va., 75
miles [since completed];' Cripple Creek Branch, 60 miles. Default
•on the Atlantic Mississippi & Ohio consolidated bonds was made
October 1,1873, and the road was sold in foreclosure Feb. 10, 1881,
and was reorganized as the Norfolk & Western. In January, 1883,
common 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, 1 9 3 , 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. & 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 tbe 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.—Deo. 31,1882, owned from Saucelito to Moscow
Mills, Cal., 74 miles; branch to San Rafael, 2 miles; leased, San Rafael
to San Quentin, 4 miles ; total operated, 80 miles. Stock, $2,500,000.
Earnings in 1881, $277.186; net, $68,994. Gross in 1882, $358,199;
-net, $67,418.
No. Pennsylvania.—Nov. 30,1882, owned from Phila., Pa., to Bethle­
hem, Pa., 56 miles; branches—Jenkint’n to Dela. River, 20 miles; Lansdale to Doylestown, 10 miles; Iron Hill to Shimersville, 2 miles; total,
operated, 88 miles. The Northeast Penn, and the Stony Creek roads are
Operated under contract. In May, 1879, was leased to Phila. & Reading
sa 6®7 per cent on stock till 1883, and 8 per cent thereafter.




Northeastern (S. 0.)-Sept. 30,1882, owned from Charleston, 8. C., to
Florence, S. C., 102 miles. Leased jointly, Lfine, S. C., to Sumter, S. C.,
3 i 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 $484,760; net, $153,803; in 1881-2, gross, $560,229;
net, $206,146. The preferred stock was exchangeable for second mort­
gage bonds. (V. 35, p. 656.)
Northern California.—Deo. * 31, 1882, from Oakland to Mar tinea,
36 miles; Port Costa to Soisun, 17 miles; Woodland to Willows. 65
miles; Willows to Tehama, 36 miles: leased, San Pablo & Tulare RR.—
Martinez to Tracy City, 47 miles ; total operated, 200 miles. Com­
pleted in 1878 and is leased to the Central Pacific till Jan. 1,1885,
at a rental of $47,500 per month for Northern and S. P. & 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 Snnbury, P a , 138 miles ; branoh—Relay to Green Spring, 9 miles; leased—
Shamokin Vjt, & Pctisv. RR., 28 miles; Elm. & W’mapt.RR., 78 mues;
operated at cost—Chem. RR., 22 miles; Elmira Jeff. & Can. RR. 4 7 miles;
total. 322 miles. This was a consolidation of several roads in J an., 1875.
The terms of the several leases will be found under tbe 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 tbe “ million
dollar” loan. Under the 2d general mortgage of 1876 $1,000,000 more
may be issued as Series C. Income account for four years as follows :
1879.
1880.
1881.
1882.
$
$
$
$
Total gross eam’gs.. 4,107,949
5,030,387
5,443,700
5,800,175
Total net income....... 1,595,308
1,917,454 2,241,820
2,091,428
Disbursements —
Rentals l’s’d lines,&c*
457,742
452,097
472,093
477,256
895,140
895,730
Interest on debt.......
893,080
880,875
Dividends.......... ........
............ (2) 146.018 (6)350,517 (7)444,272
113,834
Miscellaneous..........
63.260
54,218
154,270
196,494
Balt. & Potomao int.
______
37,177
........
Tot. disbursements 1,416,142
1.806,533
1,809,935 1,956,673
Balance, surplus...
179,166
284,895
107,519
285,l4 7
* Includes rent of roads and interest on equipment.
—(V. 35, p 236, 374, 487, 602, 763 ; V. 36, p. 108, 2 1 9 , 252, 366, 472,
591, 731; V. 37, p. 99.)
Northern Central (Michigan).—Jonesville, Mich., to Lansing, Mich., 61
miles. Owned by the Lake Shore & Michigan Southern Railway Company.
Stock, $610,000. S. V. Irvin, President, Albion, Mich. (V. 35, p, 576.)
Northern, N. H.—March 31,1883, owned from Concord, N. H., to West
Lebanon, N. H., 70 miles; branch, Franklin, N. H., to Bristol, N. H., 13
miles; total, 83 miles. For the fiscal year ending March 31, 1883,
gross earnings were $583,627; net, $167,550. The only liabilities are
$97,000 In coupon notes and a guaranty of $300,000 Concord & Clare­
mont Railroad bonds. (V. 31. p, 6 0 2 ; V. 36, p. 560, 6 5 0 , 675.)
Northern o f New Jersey.—Sept. 30,1882, owned from Bergen, N. J., to
Sparkill. N. Y., 21 miles; leased Sparkill to Nyack, 5 miles; total oper­
ated, 26 miles. This road was opened October 1, 1859. By contract
of April, 1869, it is operated by New York Lake Erie & Western at 35 per
cent of its gross earnings. It is understood the contract is terminable
by either party on notice. Dividends are paid as earned on the rental.
Gross earnings in 1881-82, $287,1(8; net, $83,062.
Northern Pacific.—{S ee M a p P a g e lii.)—Sept. 5, 1882. (about two
months later than the close of fiscal year) mileage was as follow s: East­
ern 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, SO^
miles; Sauk Rapids to St. Paul, 7 5 ^ miles; total, 1,069 miles. Western
Division—Main line—New Tacoma to Kalama, 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 & Black Hills RR. from
Wadena, Minn., to Breckenridge and Pelican Rapids, 80 miles; L. F. <fe
Dak. RR. from L. Falls to Morris, 87 mile»; Casselton Branch, 43 miles;
Jamestown & Northern RR., 35 miles; Fargo & 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 Puget Sound, 1,800 miles, with branch to Port­
land, Oregon, 200 miles. The land grant was 20 sections per mile in
States ana 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 of 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.

R A IL R O A D
STO CK S
AND
BON DS.
[V ol .

x x x v il.




E A IL E O A D; jJAueüBT,
STOCK
S IA N D
1883

BONDS

liii

Subscribers w ill confer a great favor by giv in g im m ediate notice o f any error discovered in these Tables.
Bonds—Princi
DESCRIPTION.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pai,When D aj
Amount
of
Par Outstanding
For explanation o f column headings, &o., see notes of
Rate pei When Where Payable, and by Stocks—Last
Road. Bonda Value.
on first page of tables.
Cent. Payable
Whom.
Dividend.
Northern Central—(Continued)—
$500&c.
Union RR., 1st mortgage.........................................
$783,000
6
J. & J.
Baltimore.
do
2d mortgage, gold............................—
600,000
500 &c.
6 g. M. & N.
London.
1900 •
___
Northern Central (Mich.)—1st mortgage.................
61
1.525.000
7
1903 s
100
Northern. N. PL.—Stock......................... ....................
83
....
3,068,400
3
i. A D.
Boston. ( mice.
June 1., 1883
100
Northern o f New Jersey—Stock....................................
26
1,000,000
4
New York Office.
In 1832
21 1878 100 &c.
1st mortgage, extended............ ...............................
16s ,000
0
r. & J. J. City, Hudson (Jo. B’k. July. 1888
21 1869 100 &c.
2d mortgage..... .................. .......... T........................
200,000
7
M. & S.
do
do
Marcii. 1889
100 41,798,696 llijo ce rt
Northern Pacific—Pref. stocfc(8 p. c., not cum’tive). 1,814.
N. Y., Mills Building. Jan. 15, 1883
100 49,00u.c00
Common stock............... 1............ ............................... 1,814
Mortgage and land grant bonds, Missouri D iv___ 205 1879 100 &c.
2,383,690
6
M. & N. N. Y , Mills Building, May i , 1919
Mortgage and land gr. bonds, Pend d’ Oreille Div. 209 1879
3,502,600
6
M. & S.
do
do
Sept. 1, 1919
Consol. M. Id. g., gold, $25,000 p. m., coup, or reg. ___ 1881 i,oöö& c 40,000,000
6 g. J. & J.
do
do
Jàn. I, 1921
Dividend certificates................................................
1883
4,667,4 90
6
Jau’y.
do
do
Jan. 1, 1883
Northern. Pae. Terminal Co.—1st mort., g o ld ........
1,000
1883
3.000.
000 6 g. J. & J. N.Y., Winslow, L. & Co. Jau. 1, 1933
Northwestern Ohio—Stock...........................................
"79
2.000.
000
Norwich A Worcester—Stock........................................
Too
66 1. . . .
2,604,400
5
T. & J. Boston, 2d National Bk. July 10, 1883
1,000
New bonds, coupon............................................. ....
66 1877
400,000
6
M. & S. Boston, N. E. Trust Co. M archi, 1897
....
100
Ogdensburg A Lake Champlain—Stock................ .
122
3,077,000
2
Boston, Office.
I. & J.
July 10 ,1876
1,000
Sinking fund bonds.......................................... J........
1870
371,000
do
M. & S.
Mar., 1890
8
1,000
Mortgage oonds (redeemable July, 1890).............
118 1877
600,000
6
J. & J.
do
1897
118 1880 500 &e.
1,403.610
Consolidated mortgage (for $3,500,000) ...............
do
6
A. <fc O.
April 1,1920
1880 100 &c.
998.650
Income bonds, not cumulative.................................
do
3 & 6 A.. & O.
April, 1920
1,000
200 1880
Ohio Central—1st mortgage gold......................... .
3,000,000
6 g. J. & J. N.Y. Metropolitan N.Bk Jan. I, 1920
1,000
3,000,000
Income bonds (non-cumulative)............................ 200 1880
doi
do
7
Jan. 1, 1920
1,000
600.000
6
do
do
July 1, 1920
Terminal mortgage bonds......................'..... .......... 200 1880
J. & J.
1,000
26 1881
300,000
July 1, 1921
do
do
r 1st mort., Mineral D iv............... ....
6 g. J. & J.
1,000
300,000
26 1881
July 1. 1921
do
do
Incomes,
do
. . . ; . . ....................................
7 g. I. & J.
1,000
1882
7,000,000
6 g. M. & S.
March, 1922
do
do
i 1st mort., Riv. Div., gold, coup, or reg..................
1,000
1882
Mar. 1,1922
do
gold, incomes ($4,000,000).
do
do
(?)
6 g.
100 20,000,000
624
Ohio <t Mississippi—Stock, common..........................
. „„
100
Mar. 1, 1875
4,030,000
Preferred stock (7 p. c. yearly, cumulative)........
3>a M. & 8. N. Y.. 52 William St.
1,000
¿24 1882
1st general mortgage (for $16,000,000)................
5
J. & D.
June 1, 1932
do
do
(?)
1,000
1862
Income and funded debt bonds (extended, ’8 2 )... 148
174.000
7
A. & O.
do
do
Oct. 1, 1883
1,000
393 1868
6,688,000
1st consolidated mort. ($3,445,000 are s. f . ) ........
7
J. & J.
Jan. 1, 1898
do
do
£200
112.000
Consolidated mbrtgage, sterling.......................... 393 1868
London.
Jan. 1, 1898
6 s. T. & J.
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 mortgage is for $25,000
per mile of road, Central Trust Co. of N. Y., .trustee. The bonds are
received in payment for lands at 110 and interest, and proceeds of land
sold must be applied to redemption of these bonds at a price not exceed­
ing 110 and interest. Sinking fund of one per cent per annum begins
in 1885.
In February, 1881, parties interested in the Oregon Navigation &
Railroad Co. purchased a controlling interest in the stock, which is held
by the “ Oregon & Transcontinental Co.”
In Sept., 1882, a,dividend, in certificates o f H o o p e r cent, amounting
to $4,667,490, was declared on the pref. stock payable Jan. 15,1883.
The last annual report is in V. 35, p. 345. Earnings. &c., were;
Earnings (whole line)—
1880-81.
1881-82.
Passenger.......................................
$668,621
$1,302,261
2,207,299
3,909,423
Freight....... ..............
Mail, express, &c.............................................
118,599
218,621

M. Douglas was appointed Receiver, vice Kincr, resigned. A suit is pend­
ing, brought to annul the purchase of the Springfield Div. in 1875 as
fraudulent and '•ohi. The various phases of litigation in regard to this
Co. have been reported from time to time in thè Chronicle. The new
general mortgage for $16,(00,000 is authorized under the proposed
plan of reorganization. There are ye1 $97.000 of old first mortgage 7s
(reduced to 6s). Western Division, outstanding. The terms of preference
of the pret. stock are as follows : “ The preferred stock is to he and
remain a first claim upon the prnp-rty of, the cornoration, alter its
indebtedness, and the holder thereof shall he entitled to receive from the
net earnings of the company 7 per cent per annum, payable semi­
annually. and to have s ìch interest paid in full for each and every year
before anv payment of dividend upon the common stock.” - Afterpay­
ment of 7 per cent for any one year on com., the surplus of that year
(if any) shall he divided between both classes. Operations and earnings
for three years past :
Years.
Miles.
Gross Earnings. Net Earnings.
1880.................................. .
615
$4,376,310
$1.256,709
18=11 .......................................... 615.
4.074,407
959,053
5,430,305 1882............................................ 615
Total..................................... .......... ..........
2,994,519
4,22p,499
1.061,663
3.572,839 —(V. 35. p. 103, 213.405,431,456, 57«. 706: V. 36, p. 82, 1 9 4 , 196,
Operating expenses........................................
2,025.389
313, 427, 526, 591, 675 ; V. 3 7, p. -3. 100, 1175
Net earnings..............................................
$969,130
$1,857,466
Ohio Southern.—The road will extend from the city of Springfield, O.,
Per cent of operating expenses to earnings
67-64
65‘80 to somu point on the Ohio River. Length of road completed and in
—(V. 35, p. 22, 45, 71, 103, 182, 213. 237, 266,321, 339, 3 4 5 , 405. 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
Stock (par $100), $3,840,000. Receipts,
675. 699, 731.)
1882 $359,283; net, $90,087; other sources. $ 295-1'; payments,
Northern Pacific Terminal Go.—This company owns terminal facili­ $120 084.
Alfred Sully, President. (V. 35, p. 51, 1 0 1 ; V. 37, p.
ties which are leased for fifty years to the Northern Pacific RR., 1 5 '. )
the Oregon Railway & Nav. Co. ana the Oregon <fe Cal. RR., with a guar­
Old Colony (Mass.)—Sept. 30,1882. owned from Boston to Provinceanteed rental sufficient to pay interest, sinking fund and taxes. The sink­ town, Mass., 120 miles, and lines to Kingston, Plymouth and Somerset
ing fund begins in 1893 and is to be sufficent to retire the bonds. The June., Mass., and to Newport, R. I.: total. 252 miles ; numerous brauohes,
stock of $3,000,000 is owned by said three companies and held by Cen­ 50 miles in all: leased—Boston Clint. Firchb. <fc N. B., 125 miles ; Framing­
tral Trust Co. of New York, to be delivered after payments to the sinking ham
& Lowell RR-. 26 miles; Fal 1River RR., 12 miles; Dorcnester & Milton
fund which is to cancel the bonds.
R R .,3 miles; total length of all lines, 468 miles. Fall River RR. was
Northwestern Ohio,—Dec. 31, 1882, owned from Mansfield to Toledo- leased April 1,1882. for 99 years. In March. 1883, consolidation with
Ohio, 86 miles, but leases 7 miles to P. F. W. & Ch. RR. This was a eon,
Boston Clinton Fitchburg & New Bedford was made. (See terms V.
solidationof the Tol. Tiffin & East., the Mansfield Coldwater & L. M., the
36, p. 251.) And an increase in stock to $12,000,000 was voted.
and the Toledo & Woodville roads. Leased to Penn. Company at cost
Operations
and earnings for three years past were as follows:
of operating. In 1880 gross earnings $276,165; net, $49,670. In 1881
Passenger Freight (ton) Gross
Net
Div.
gross, $290,285 ; net, $47,158. In 1882 gross, $272,742; net, $27,160. Years.
Miles.
Mileage.
Mileage. Earnings. Earnings, p. et
Norwich A Worcester.—Sept. 30, 1882, owned from Norwich, Conn., 187980.
453
89,502,519
51,169,628
$3,518,769
$
1.201.647
6
to Worcester, Mass., 59 miles; branch: Norwich to Allyn’s Point, 7 188081. 455 89,187,583 53,794,401 3,740,448. 1,246,846 6
miles; total, 66 miles. To be extended to Groton, Conn. In 1869 the 1881- 8 2 ..____168
100,460,413
58.349,479
4.126,258
1,305,449
6^3
road was leased to the Boston Hartford & Erie for 100 years, the lessees - (V . 33, p. 5 2 5 ; V. 34, p. 655 ; V. 35, p. 133, 5 4 4 ; V. 36, p. 251,284,
to pay all liabilities and 10 per cent on the capital stock. The present
)
lessee company has the option to terminate the lease, and now operates 445.
Oregon A California.—Line of road—Portland. Or., to Roseburg, 198
under temporary agreement. In 1880-81, gross earnings were $736,482; iniles
; Albany J unction to Lebanon, 12 miles; West Side Division, Port­
net. $276,035; In 1881-2, gross earnings were $837,770; net,[$296,346. land to
Corvallis, 97 miles. Total finished, 306 miles; to be Completed
— (Y. 36, p. 724.)
to
a,
junction
with Central Pacific. The present Oregon & California
Ogdensburg A Lake Champlain.—March 31,1883, owned from Rouse’s
is a reorganization of the original Oregon & California, which
Point, N. Y., to Ogdensburg, N. Y., 118 miles. The earnings of the road Railroad
company
was
in défault after 1873. The land grant is about 4.000,000
having decreased, certain terms of adjustment were proposed in 1880, acres; bonds are
receivable for lands. Preferred stock is $12,000,000;
whicnhave been substantially carried out. Annual report for 1882-3 in Y. common $7,000.000.
36, p. 623. Operations and earnings for three years past were as follows:
In
March.
1883,
this road was leased to the Oregon-Transcontinental
Passenger
Freight (ton)
Gross
Net
Co. for 9P9 years, the O. &. T. Co. paying ss a rental the amount o f
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings. fixed
charges
and
per annum for dividends on the preferred
18808 1 .... 122 3,228,371
26,970,096
$584,039 $176,410 stock. After July $300.000
the lessees aaree to pay 35 per cent of the
1881- 8 2 . . . . 122
4,846,825
32,933,476
609,324 170,854 gross earnings, with1, a1886,
guarantee
this percentage shall be sufficient
1882- 8 3 .............
...............
...............
642,196
191,438 to pay the fixed interest charges, that
$20,000 per annum for the mainten­
—(V. 34, p. 6 8 6 ; V. 36. p. 212, 6 2 2 ; V. 37, p. 167.)
ance of organization, and a minimum of 2 per cent dividend on the
, Ohio Central.—From Toledo, O., to 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, $-'88,117; land sales. $17.359. (V. 34, p. 316, 6 8 6 ;
to Coming, 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 progress ; projected line, 600 miles, of which
it to $12,000,000 for improvements, &c., and to buy the stock of the 60 miles from Corvallis to Yaquima is to be 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, 1881, consolidation with the Rich. & Alleghanv $30.000 per mile. (V. 33. p. 93, 491.)
was voted, and new stock and bonds for extension were subscribed.
Oregon Railway A Navigation.—June 30, 1882, railroad lines operated
But in January, 1882, this plan was abandoned and consolidation was were as follows: Boonev. to Walla Walla (main line) 203 miles; branches.
made with the Atlantic & 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 Pendleto-i, 44 miles;
to Charleston, is about 150 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 (I’sed). 150 m.; total of railway. 487 miles, and 213 more under construe
mort. bonds, dollar for dollar, and $150,000 for Min. Div. incomes, tion. Ocean line between San Francisco and Portland, 670 miles ; Puget
tw o bonds for one of River Div. Holders of River Div. 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 each 1,565 mites.
^
bond held. Annual report in V. 37. p. 150. Gross earnings in 1882 on
The company has pursued the policy of increasing its capital stock to s
270 miles were $1,052,207; net, $357,596; payments, $387,800; deficit, raise money for improvements, and a further increase to $24.000,000 is
$30,203. (V. 35, p. 132, 320, 339, 517, 577; V. 36, p. 140; V. 37, p. to be made in 1883 to stockholders of record Dec. 19.1882. See a1nual
1 5 0 .)
report in V. 35, p. 484. showing net income in 188 L-2 of $2,516,164
Ohio A Mississippi.—Dec. 31,1882, owned from Cincinnati, O., to East and surplus over 8 per cent dividend- of $619,061.
St. Louis, 111., 340 miles; Louisville branch, North Vernon to Jefferson­
The managers purchased in February and March. 1881, a large
ville, Ind., 53 miles; total Ohio & Miss, line, 393 miles; the Springfield interest in the common and preferred stock of the Northern Pacific
Division, Beardstown to Shawneetown, 111., 222 miles; total operated, Railroad with cash furnished by a syndicate, and the stock control of
615 miles. The Eastern and Western divisions were sold in foreclosure both companies was transferred to the Oregon & Trans-continental. (V
and the present O. & Miss. Co. consolidated Nov. 21,1^67. On Nov. 17, 34. p. 87. 178. 605,688, 707; V. 35, p. 213, 374, 457, 472, 4 8 4 ,
1876, the Co. was placed in the hand« of receivers. In Oct., 1881, John 602; V. 37, p. 74.)




R A IL R O A D

liv

STO CK S

AND

B O N D S.

[V ol.

X X X V IL

Subscribers w i ll confer a great favor by g iv in g im m ediate notice o f any error discovered in these Tables.
Bonds—Princi­
DESCRIPTION.
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount Rate per When * Where Payable, and by pal,When Due.
For explanation of column headings, &c., see notes ? of
Par
of
Stocks—Last
on first page of tables.
Road. Bonds Value. Outstanding
Cent. Payable
Whom. .
Dividend.

Oswego & Syracuse—Stock, 9 per cent guar.............
Mortgage bonds........................................................
. Consol, mortgage (guar. D. L. & W .),.........
Owensboro <6 Nashville—1st mortgage, gold.............
Painesville c6 Youngstown—1st mortgage................
2d mortgage, income, convertible.........................
Panamar—Stock.......... ............... ...............................
General mortgage, sterling, (£1,000,000).............
Sinking fund subsidy, gold................................ .
Paterson & Hudson—Stock..........................................

1871
1873
1874
1881
1881
1864
1874
1875
1876
1877
1864
’69-’70
1874
1880
1881
1880
1879
1882
1882
1865
1866

35
35 58&64
1876
123 1881
65 1879
65 1879
48
48 1867
48 1880
15

$1,000
1,000
1,000
1,000
1,000
100
1000&C.
1,000
1,000
1,000
1,000
100 &c.
500 &c.
1,000
1,000
1,000
1,000
1.000
100
1,000
1,000
100
1,000
1,000
1,000
50
500 <fcc.
1,000
1,000
500 &c.
500 &c.
100
£200
1,000

Oregon Short Line.—Road in progress from Granger on the Union
Pacific to Baker City, Oregon, 539 miles, of which about 500 miles
completed. Built under "Union Pacific control, and interest on the bonds
guaranteed. One $1,000 bond and $500 in stock sold to U. P. stock­
holders for $1,000 cash. The stock is $25,000 per mile. (V. 33, p.
126, 716, 718 ; "V. 35, p. 22, 431 ; V. 36, p. 109.)
Oregon <&Transcontinental.—Tiñe, company was organized under the
laws of Oregon on June 27,1881, and received from the “ Villard Pool”
an assignment of the stock of the Northern Pacific Railroad purchased
b y it. The company’s object is to hold the stocks of the Oregon Railway
& 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.,
$15,180,000 N. Pac. pref., and $16,2 79,200 N. Pac. common. Thé 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 6 per cent per
annum 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 Y. 36, p. 310.
In Oct., 1882, quarterly dividends were voted, to begin in Jan,, 1883,
at 1% per cent.
The annual report for the year ending June 30, 1883, was in the
Ch ronicle , V. 37, p. 74. A general balance sheet was there published
for the first time, giving details of assets and liabilities. (Y. 35, p. 18 8,
374, 393; V. 36, p. 110, 340.)
Oswego <£ Borne.—Sept. 30, 1882, owned from Richland, N. Y., to
Oswego, N. Y., 29 miles. Road opened January 1,1866. I t is leased
to the Rome Watertown & Ogdensburg Railroad at 8 per cent on its
stock ($300,000) and 7 per cent on guar, bonds.
Oswego & Syracuse.—Sept. 30,1882, owned from Oswego, N. Y., to Syra
dise, N. Y., 35 miles. Leased in 1868 to the Delà. Lack. & West. RR. Cofor 9 per cent per year on stock and interest on bonds; in 1880-’81 sur­
plus to lessee was $21,339. In 1881-82 gross earnings, $477,254 ; net,
$199,020.
Owensboro <6Nashville.—April, 1883, owned from Owensboro, Ky., to
Ricedale, Ky., 44 miles. Controlled in 1879 by the Nashv. Chattanooga
& St. Louis, and then operated by Louisville & Nashville till July,
1881, but now operated by its own company. Gross earnings for 1882-3
$56,335; net, $6,415. Stock is $1,156,517. (V. 35, p. 677.)
Painesville <& Youngstown.—May 1,1882, owned from Fairport, Ohio,
to Youngstown, Ohio, 65 miles. The old company made default, and
road was sold in foreclosure June 2,1879. Under the reorganization
bonds are issued as above, and 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. K. Paige appointed receiver. Foreclosure
proceedings pending. (V. 33, p. 46; V. 34, p. 8 2,147; V. 36, p. 358.)
Panama.—Deo. 31,1882, owned from Aspinwall to Panama, 48 miles
Opened through January 28,1855. This road had a practical monopolv
o f the California business till the opening of the Pacific Railroads in
1869. Of the general mortgage bonds $1,000,000 fall due in ten halfyearly payments beginning 1884 and balance ($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. S. of Colombia by
the company. In June, 1881, most of the stock was sold to pitLies
interested in the De Lesseps Panama Canal Co. The report for 1882 was
in Y. 36, p. 426. (Y. 34, p. 4 0 6 ; V. 35, p. 638; V. 36, p. 4 26.)
Pederson <fi Hudson.—Sept. 30,1882, owned from Jersey City, N. J.,
to Paterson, N. J., 15 miles. The road was opened in 1834, and leased
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
and Erie, on which earnings as reported were based, was divided as
fellows: Pennsylvania Division and branches, 1,264; Philadelphia*
Erie Division, 287; United Railroads of N. J. and branches, 430; total
operated, New York to Pittsburg, with branches, 1,981. The operations
: of the Pennsylvania Railroad cover so large a field that a reference to
the annual reports published in the Chronicle is necessary to give
any adequate idea of its working and condition from year to year.
The total cost of stocks and bonds of other companies owned by Penn­
sylvania Railroad was $81,037,668, and the par value $112,657,206,
In March, 1881, the company purchased 217,819 shares of thePhilar
dslphia Wilmington * Baltimore RR., and the directors authorized the
issue of $20,000,000 new stock of the Pennsylvania RR. In July, 1881,
the 4 per ct. bonds secured by P. W. & B. stock were issued, and they are
purchased vearly at not over nar with the surplus proceeds of Ph. W. &
Baltimore dividends paid to the trustees, and not needed for the pay•ment of interest. A scheme to buy up the company’s guaranteed
’securities with $100,000 per month from earnings is in operation, and
the entire amount paid by the company into the Trust up to the end of
1882 was $1,500,000. There had been purchased for the fund securi­
ties of the par value of $2,761.050, which yield an interest of 7 10 per
e ert per annum upon the investment.




$3,829,000
140,000
2,009,000
1,920,000
1,920,000
9,840,852
32,000
1,692,000
500,000
1,100,000
2,000,000
400,000
552,000
400,000
350,000
1,965,000
7,400,000
25,000p.m.
18,000,000
5,851,000
8,000,000
40,000,000
7,215,000
350,000
200,000
1.320,400
124,000
338,000
2,000,000
400,000
1,000,000
7,000,000
3,989.000
2,908,000
630,000

7
7
7
6
6
3%
5
7
6
6
6
6
7
7
6
5
6 g.
6 g.
2%
6 g.
6
1%
6 g.
7
7
4%
7
7
6 s7
7
7
7 g.
6 g.
4

A. & O. N. Y., 52 William St.
M. & N.
do
do
M. & N. Springfield, 111.,1st N. B.
J. & D. N.Y., Corbin Bank’g Co.
J. & D.
do
J. * J.
Boston, Office,
M. & S.
do
M. & S.
do
J. & D.
do
M. & S.
do
F. & A.
do
J. & J. Bost., Old Colony Offioe.
J. & J.
do
do
J. * D.
do
do
Various
do
do
J. & J. Boston, N. E. Trust Co.
J. & J. N.Y., London & Frankf.
A. & O. New York and London.
Q .-F .
New York.
J. & J. N.Y., Farm. L. & Tr. Co.
F. & A. N. Y., 195 Broadway.
Q .-J .
M. & N. N.Y.,Farmers’ L.& T.Co.
M. & N. N.Y., Farmers’ L.&T.Co.
F. &-A.
F. & A. N. Y., Del., L. & W. RR.
M. & N.
do
do
M. & S.
do
do
M. & N.
New York.
J. & J. New York, Agency.
J & J.
do
do
Q .-F .
New York, Office.
A. & O.
London.
M. & N.
New York.
J. & J.
New York.

April, 1911
May 1, 1883
Nov. 1, 1905
June 1, 1921
June 1, 1921
July 2, 1883
Sept. 1, 1884
March 1,1894
June 1,1895
Sept. 1, 1896
Aug. 1. 1897
July 1, 1884
1889 & ’90
July 1, 1894
1883, ’ 85
Jan. 1, 1910
July i ; 1921
Oct. 1, 1900
Aug. 1, 1883
July 1, 1909
Feb. 1, 1922
July 16, 1883
May 1," 1922
May, 1915
Feb., 1891
Aug., 1883
1880 & 1885
1907
Nov. 1, 1931
Jan. 1, 1910
Jan. 1, 1915
June 25, 1883
’84 to ’89 & ’ 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 $! 2,500,000.
In May, 1883, the dividend was declared 2 in cash and 2 in sorip,
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 % per cent dividend.
A summary of the total business of 1832 in tonnage, passengers and
income, compared with previous years, is shown in the follow ing:
ALL LINES EAST OF PITTSBURG & ERIE.

1879.
1880.
1881.
1832.
Gross earnings........ $34,620,279 $41,260,073 $44,124,182 $19,079,834
Operating expenses. 20,332,740 24,625,048 26,709,809 30,647,405
Net earnings . . . . $14,237,539 $16,635,025 $17,414,373 $18,432,429
EARNINGS, &C., ALL LINES EAST AND WEST OF PITTSBURG & ERIE.

1879.
1880.
1881.
1882.
Gross from traffic ... $60,362,575 $70,764,062 $75,182,973 $79, «89,068
Operating expenses. 35,639,794 42,179,485 46,243,277 50,737,534
Net earnings . . . . $24,722,780 $28,584,576 $28,939,695 $2J9,151,534
GENERAL INCOME ACCOUNT—(PENN. RR. CO.)

.
1881.
Net income Pennsylvania RR. Division........ $10,131,718
Net loss New Jersey D ivision........................
302,865

1882.
$10,768,563
568,758

Balance..................... : ................................. $9,828,853
Deduct—
Payments to trust fund....................................
$600,000
Consolidated mortgage redeemed...................
286,480
Baltimore & Potomac Railroad—Advances
143,332
Shamokin Coal Co.—Advances.......................
7,000
Phila. & Erie—Deficiency in interest........
175,973
Allegheny Val. RR —Deficiency in interest..
242,621
Do
Advances......................
157,464
Sunb. Haz. & Wilkesb.—Deficiency in int___
50,000
___
15,000
Fred: & Penn. Line RR.
do
Am. 8S. Co.—To meet int. guar, by Penn. RR.
90,000
Do
Advances,..................................
............

$10,199,805
$600,000
282,810
3,500
..........
257,384
361,591
50,000
15,000
90,000
25,000

_ $1,767,870
$1,685,285
Balance to credit of income account......... .
$8,060,983
$8,514,520
Dividends...................................................... ...(8 ) 5,861.718 (8%)6,890,715
Add from settlement of old accounts, &e ...

$2,199.265
350,866

$1,623,805
226,755

Add am’nt to credit of profit and lose Jan. 1.

$2,5'0,131
7,793,949

$1,850,560
10,344,079

Balance to credit of profit and loss Dec. 31.. $10,344,079 $12,194,639
The monthly range in prices of Pennsylvania RR. stock in Philadelphia
have been :
1882.
1883.
1882.
1883.
Jan. 625a595s 6144- 593s J u ly ..... 625a- 5É
5 9 V 57
F e b ...... 61%- 5978 6I% - 58% August. 6258- 0138
Maroh.
. 64 - 59% 62 %- 607s Sept’b er. 65%- 62%
A p ril_ 63*360% 6-t%- 62
October . 6 4 V 63
M a y 60%55% 63%- 56% Nov’ber . 63%-x56%
June. 58 V
53% 60%- 57% Dec’ber.. 60%- 59
- (Y. 3 5,22,51, 132,161,236,358 374,431,487, 517,603,625, 763;
V. 36, p. 109, 2 5 3 ,2 6 5 ,2 8 0 , 332, 366, 480, 510,591,652, 707,731;
V. 37, p. 23.)
Pennsylvania Company.—The Pennsylvania Company is a corporation
chartered by the Pennsylvania Legislature, April 7,1870, distinct from
the Pennsylvania Railroad, and operates all the leased lines west of
Pittsburg. The stock is owned by the Pennsylvania RR., and in 1880
the common and preferred were merged into one class of stock, mak­
ing $12,000,000, whioh was increased to $20,000,000 prior to the issue
of the bonds in May, 1881, o f which the authorized issue is $20,000,000. The whole number of miles operated or in any way controlled
by this company is 3,547. The income account of the Pennsylvania
Co. for 1880 and 1881 was as follows:
1880.
1881.
1882.
Net earnings Union Line Bureau, and
for rents, real estate, and equipm’t $848,725 $702,597 H394,967
Profits from operating leased roads—
Pittsburg Fort Wayne & Chicago....... 1,589,545 1,715,694 1,377,436
New Castle & Beaver Valley.............
71,226
82,176
45,835
Lawrence........ .................. ..................
6,«68
7,924
16,427
Cleveland & Pittsburg...... .................
307,378
4 "6,786
474,951
Received from investments................
577,697 1,049,349
681,207
.

Ohio <&Mississippi—(Continued) —
2d consolidated sinking fund m ortgage................. 393
i Debenture sinking fund bonds (for $1,000,000)...
Spring. Div. (Sp.&Ill. SEA 1st M. (for $3,000,000). 222
Ohio Southern—1st mort. ($15,000 per mile)............ 128
2d mort., income ($15,000 per mile).......................
128
Old Colony—Stock.......................................... .............. 463
Bonds(not mortgage) coupon...................................
Bonds
do
do
and registered.......
Bonds
do
do
do
.......
Bonds
do
do
do
.......
.......
Bonds
do
do
do
29
Bost. Clin. F.& N. B., 1st M., Agricultural Branch..
43
do
mortgage bonds 1869-70___
do
bonds.......................................
58
do
equipment notes.................... __
do
b ’ds, guar, by lease to Old Col. 120
Oregon & California—1st mort., gold........................ 371
Oregon Pacific—1st mort., land grant, gold............. " . . . .
Oregon Railway <£•Navigation—Stock.......................
Mortgage bonds, gold.......................... ....................
OregonShortL.—lst,gld.,int.gu.byU.P.($25,000p.m) 320
Oregon <6 Transcontinental—Stock (for $50,000,000)
Trust bonds, gold (IstM. collateral) $20,000 p.m..
Oswego & Borne—1st mortgage guaranteed.............
28%

Total revenue........................ ... .$3,4014=39 $4,074,508 $2,999,327

A ugust , 1883.j

R A IL R O A D

STOCKS

AND

BONDS.

1v

Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered .in these Tables.
DESCRIPTION.
Miles Date Size, or
For explanation of column headings, &o., see notes oi
of
Par
on first page of tables.
Road. Bonds Vaine.
Pennsylvania—Stock..... . ........................................... 1,887
Gen. M., Ph. to Pitts., coup., J. & J.; reg., A. & 6.
State lien (pay ’biein annual inst’lm’ts of $460,000)
Consol. M., coup. J. & D., & reg. Q.—M. (8. f. 1 p. c.)
Consol, mortgage, gold.................. ............... .
Bonds, reg. (P. W. & B. stock deposited as collat’l) 571
Collateral trust loan (coup., but may be reg.).......
Car Trust certs, (in series payable Loth yearly).. ... .
Navy Yard bonds reg. (extended 20 years in ’81)
Pennsylvania Company—Stock............... ........; ........ 3,547
Reg. bonds, secured by P. Ft.W.& C. special stock . . . .
Bonds, gold, secured by pledge and guarantee___
■Pennsylvania <&New York—1st mort., guar... .'__
ÌÒ5
1st mortgage, guaranteed........ .............................
105
Pennsylvania Schuylkill Vo lley—S tock ....................
Peoria <6Bureau Valley—Stock................................... ~47
Peoria Decatur <£ Evansville—Stock.......................... 254
Jst mort., gold (Pekin to Mattoon).................
Income bonds,
do
not accumulative
1st mortgage (Evansv. D iv.)..................................
Income bonds (Evansv. Div.), not cumulative___
Peoria <6Pekin Union—1st mortgage, gold, coupon:
2Ô
Income mortgage, non-cumulative, gold........
20
Perkio men—1st mortgage....................................
38
Consol, mort., gold, guar. P. & R., (sink, fund)
38
Peterborough (N. H.)—Stock.................................
11
Bonds (not mort.), redeemable after 1 8 8 2 ___
Petersburg—Stock..... .............................................
63
1st mort. bonds (payable $25,000 yearly).......
82
Bonds, class A ................. T..
Bonds, class B......................................................
Philadelphia <£ Balt. Central—Stock.......
83
1st mortgage (for $2,500,000)..........................
83
Westchester & Phila., 1st mortgage.. ; ............
27
Philadelphia & Erie—Stock, common.............
287
Preferred stock....................................................

1870
Ì873
1879
1881
1883
1875
1877
1881
1866
1866

$50
1,000
1*000
1,000
1.U00
1,000
50
1,000
1,000
1,000
1,000

Too
1880
1880
1880
1880
1881
1881
1867
1873
1877
.!
1 >;o
1831
1881

1,000
1,000
1,000
1.000
1,000
1,000
100
1,000
100
500 &c.
100
.

50
1881
1,000
1871 100 «fcc.
_•
50
50

Bonus—juruiciINTEREST OR DIVIDENDS..
Due,
Rate per When Where Payable, and by pal,When
Sloths—Last
Cent. Payablf
Whom.
Dividend.
$90,419,378 2 cfc 2s. M. & N. Philadelphia, Office.
May 29,1883
19.999.760
6
Q.—J • Philadelphia & I .ondon.
1910
3,275,909
5
A. & O. Philadelphia, Office.
Annually.
28,041,250
6
Q,—M. Philadelphia & London,
15,1905
5.000.
000 5
J. & D. Philadelphia & London, June
Dec. 1, 1909
9.571.000
4
J. & J.
do
do
July 1, 1921
5.000.
000 4% J. & D.
do
do
June 1, 1913
5.600.000
5
Q’rt rly
Philadelphia.
1891-93
1.000. 000
5
J. & J. Phil.,Pa., Co., for ins.&c. Jan. 1, 1901
20, 000,000
4
Pittsburgh, Co.’s Office,
In
1882
3.200.000
6
Q .-J . Phila. Tr. S. D. & I. Co. July 5, 1907
12,500,000
4%g. J. & J. N. Y., Nat. City Bank. July
1, 1921
1.500.000
7
.1. & D. Phila., B’k N. America, June 1, 1896
1.500.000
7
J. & D.
do
do
June
1. 1906
4.500.000
1.500.000
T
F. & A. N. Y., Chic., R. I. & Pac. Aug., 188 J
8.400.000
1.287.000
6 g- J. ’& J.
Jan. 1, 1920
858.000
6
do
do
Jan. 1, 1920
1.470.000
6
M. & S.
New York.
Sept. 1, 1920
1.230.000
6
M. & S.
do
3ept. 1, 1920
1.500.000
Q .-F .
r.Y., Metropoli’n N. 1 Feb. 1, 1921
2 e1.500.000
6
g. May 1.
do
do
Feb. 1, 1921
799,600
6
A. «& O.
Phila. Co.’s Offloe.
Apr. 1, 1887
1.125.000
6 g- J. & D.
Lo
do
Juno 1, 1913
385.000
3
M. & N.
Nashua, Treasurer,
May. 1883
147.000
6
A. & G. oston, N. E. Trust C
Oct. 1, 1897
1,324,200
3
7 & J.
Petersburg, Ya.
Jan., 1872
400.000
8
.1. & J
do
Jan , 1879-’98
400.000
5
J. & J.
do
July 1, 1926
1.006.000
A; & Ö.
Oct. 1, 1926
2.500.000
1,9«'0;000
"S '
M. &* N.
1911
1.100.000
7
A. & O.
do
do
April 1, 1891
7,013,700
2.400,000
Philadelphia. Pa. RR.
Amount

Deduct—
1880.
1881.
1882.
INCOME ACCOUNT.
Expenses, interest and operating
1879.
1880.
1881.
1832.
leased lines....................................... $1,024,952 $1,208,325 $1,122,943
1
$
$
$
Net income................ i................ ........ $2,376,487 $ ’ ,866,183 $1,867,833 Total gross oam ’gs... 3,091,808
3,727,733
3,454,309
4,011,014
Net receipts—
Deduct dividends on stock.................
480,000 1,000,000
800,000
Net earnings.............
961,549
1,369,380
1,024,250
1,411.880
2,292
4,840
Balance surplus for the y ea r.......$1,896,487 $1,866,183 $1,067,883 R e n t s ..^ ..................
4,835
3,586
The registered bonds are secured by deposit of $4,000,000 of Pittsb. Ft.
Total net inoome...
963,841
1,374,220
Wayne & Chicago special stock. The gold bonds of 1921 are secured by
1,029,085
1,415,466
Disbursements—
a deposit in trust or the leases of the Pittsb. Ft. Wayne & Chic, and the
1,093,720
Cleve. & Pittsb. railroads and are also guaranteed by the Penna. RR.
1,093,720
1,077,995
1,062,270
163,049
le2,200
Co. The trustees of the mort. are Wistar Morris, Edmund Smith and 8. Interest on equipm’t.
165,345
160,410
M. Felton. They were issued to supply funds for purchasing the C. C. Extraoidin’ry expen.
106,567
135,278
39,410
& I. C. bonds and other purposes, and the whole authorized issue is $20,- Miscellaneous...........
37,306
45,710
95.087
000,000. The sinking fund is 1 p. o. per ann. if the bonds can be bought
Total disbursements. 1,296,179
1,399,793 1,424,328
1,317,767
at par. (V. 35, p. 1 0 1 ; Y. 36, p. 110, 4 7 9 , 6 7 3 ; V. 37, p. 98.)
332,338
25,573
395.243 sur.97,699,
Pennsylvania dkNew York {Canal and Railway).—November 30,1832, Balance, deficit........
owned from Wilkesbarre, Pa., to New York State Line, 104 miles. -<V. 32, p. 2 0 4 ; V. 34, p. 196, 2 6 3 ; Y. 36, p. 2 5 0 , 480.)
Philadelphia Germantown <£■ Chestnut- Hill.—From May 1, 1883,
Branches to mines, 16 miles. Operated in connection with the Lehigh
Yalley Railroad. Common stock, $1,061,700, and preferred stock, leased for 3<> years to the Pennsylvania RR. Co., which guarantees 4*«
$4,000,000. Net earnings in 1878-9, $599,791; in 1879-80, $915,132; per cent on the bonis. (V. 36. p. 366.)
in 1880-81, $1,000,706. Robert A. Paoker, President, Sayre, Pa, (Y.
Philadelphia Germantown & Norristown.—Philadelphia. Pa., to Norris32, p. 9 8 ; V. 34, p. 145.)
town, Pa., 17 miles; Germantown Branch, 3 miles; Plymouth Railroad,
Pennsylvania Schuylkill Valley.—At Harrisburg, June 1, 1883, the T.Ai11?8,’
29 miles. The property was leased Nov. 10, 1870, to
organization of this company was completed by the filing at the State ^
^ Reading Railroad for 999 years at a rental of $269,623
Department of artioles of inerger and consolidation between the Phila­ and $8,000 yearly for organization expenses. Dividends of 12 per oent
delphia Norristown & Phcenixvilie, the Phoenixville Pottstown & Read­ per annum are regularly paid.
ing and the Phoenixville & West Chester railroad companies. The road
Philadelphia Newtown £ New York.—Nov. 30,1881, owned from New
will extend from Philadelphia to Reading, and is controlled by the
town Junction to Newtown, Pa., 21 miles. Capital stock, $1,200,000
Pennsylvania Railroad Company. The capital is $4,500,000.
i
1879, the Philadelphia & Reading Railroad purchased
Peoria <&Bureau Valley.—March 31,1882, owned from Bureau Junc­ 12,012 share'«, giving control of the property, and guaranteed the bonds.
tion to Peoria, 111., 47 miles. The road was leased in perpetuity Anril Earnings m 1880-81, $51,695; ' ett< it, $23,406.
14,1854, to the Chicago & Rook Island Railroad at a rental of $125,000
Philadelphia & Reading.—(.See M a p p a g e lv l.)—Main line, Phila­
per annum. Officers same as Rock Island.
delphia to Mount Caro«m, Pa., 98 miles; branch lines owned, 233
Peoria Decalur & Evansville.—Deo. 31, 1882, owned from Peoria to miles; leased lines, 49j miles; other lines controlled, 66 miles; total
Evansville, 235 miles; branch—Stewartsville, Ind., to New Harmony, oP^^ted, 892 lines. In May, 1879, rills company leased for 990 years
Ind., 6 miles; leased, Pekin, 111., to Peoria, III., 10 miles ; through De­ the North Pennsylvania Railroad and Delaware <fc Bound Brook Rail­
catur, 3 miles; total, 254 miles. This road is a Consolidation of the road, and at same time gave up the Perkiomen Railroad. In May, 1883,
Pekin Lincoln & Decatur RR. (formerly leased to the Wabash) and the leased the Central RR. of New Jersey, assuming ail liabilities and payDecatur Mattoon & So. and the Grayville & Mattoon. Gross earnings mg 6 per centdiv. on stock. In June, 1833, the Shamokin Sunbury
in 1880, $453,118; net, $195,847; in 1881, gross, $691,608; net, $236.- Lewisburg was finished, and this, in connection with the Jersey Shore
904. Gross earnings 1882 $763,584; net, $317,686. No late repoits Piue Creek & Buffalo road to Stokesdale, forms the important connec­
issued.
tion with_ the New York Central & Hudson lines at Geneva and Lyons,
Peoria dk Pekin Union.—Owns from Pekin to Peoria, 10 miles on each N.Y. This route for coal is expected to be of great benefit.
side of Illinois R iver; total operated, 20 miles. The road is a union
The Philadelphia & Reading Coal & Iron Company is a corporation
road, and the stock of $1,000,000 was takeh by the different Peoria formed (Deo. 12,1871) for the purpose of own tag and working the ex­
RR. companies, and they pay a rental for use of the road and also pay tensive ooal properties of this company. The Phila. & Read. RR. Co. owns
terminal charges. See full description in V. 36, p. 253. Opened Feb., all the stock ($8,OOi>,QOO) of the Coal & Iron Company, and the trustees
1881. (V. 36, p. 253.)
of the general mortgage of 1874 hold the bonds of the Coal & Iron Co.,
PerJciomen.—Nov. 30, 1882, owned from Perkiomen June., Pa., to viz., $29,737,965 mort. of 1874, and the Phila. & 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 & Iron Co. dated 1876.
' 1868, to Phila. & Read’gR R . , and bonds guaranteed by the lessees; hut
Between 1870 and 1876 theP. & R. increased heavily its capitalacthe property was surrendered and all oontrol given up in May, 1879. count in the purchase of new properties, and after paying 10 per cent
Onehalf the interest on the consolidated mortgage was paid for three dividends for some years ceased to pay after Jan., 1876. The Go. was
years in Philadelphia & Reading scrip, according to the Philadelphia unable to meet all its obligations, and in March, 1877, holders of the
& Reading compromise. Stock, $38,040. The balance sheet gives on general mortgage bonds and Periokmeu guaranteed bonds agreed to take
the credit side $680,140 as P. & R. loan aoeount and $100,980 as loan one-half theta coupons for three years in 6 per cent scrip; and holders of
account script. Net earnings in 1880-81 Were $123,129; in 1831-82, convertible and debenture bonds to take 6 p. ct. scrip in payment of their
$122,295. (V. 32. p. 101.)
coupons for five years. The scrip is convertible into inoome mort. bonds.
In May, 1880, the company suspended payment, and on May 24
Peterborough.—Sept. 30,1882, Owned from Wilton to Greenfield, N. H.,
11 miles. Completed Jan. 1, i874. ¡and leased by Nashua <fc 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 oompany returned to its
borough. James Soott, President, Peterborough, N. H. (V. 32; p. 16.)
stockholders, and in July, 1883, payment in full of all obligations was
Petersburg.—Petersburg, Va., to Weldon, N. 0., 63 miles. In May, 1877 resumed.
The Deferred Inoome bonds have a claim for 6 per cent interest only
a Reoeiver was appointed and foreclosure sale was decreed April 20
1880, but steps were taken by second mortgage bondholders to prevent after 6 per cent has been paid on the stock.
Under the general mort. $5,000,000 more 7 ner cent bonds were issued
a sale, and reorganization was made with above bonds, and $323,500
pref. stock and $1,000,700 com. stock on Dec. 31, 1881. In 1881 gross in Decemlier, 1882. In January, 1883, the convertible adjustment scrip
w
as
issued, secured by $4,000,000 income mortgage (see terms in V. 36,
earnings were $306,057; net, $123,074; in 1881-2, gross, $298,543;
net, $1.38.840. (V. 32, p. 232,444, 501, 613, 686; V. 34, p. 178, 3 7 7 ; p. 48), payable on 9o days’ notice any time after July, 1885, aud c(In­
vertible
into stock at par, and the new blanket mortgage dated in 1882,
V. 3o, p. 603.)
Philadelphia <6Baltimore Central.—Phila. to Westchester, 26 miles; due in 1922, is issued in adjustment of certain liabilities, and of this
mortgage
$6,< 00,060 of the first series and $5,000,000 second series,
Westchester Junction to Octorn.ro Md., 46 miles; leased Chester Creek
Railroad, 7 miles, and Columbia & P. Deposit Railroad, 4 miles; total, were listed at the N. Y. Stock Exchange iu June, 1883.
Prices
of
Philadelphia & Reading stock in Philadelphia, have been:
operated, 83 miles. This was a consolidation, Oct., 1881, of the Phila.
1882.
1882.
1883.
1883..
& Balt. Central and the Westchester & Phila. railroads. Of the new
........
3358-2938
J
a
n
2914- 261« July....... 31%-27%
29%- 273a
Wilm. & Balt, holds $1,669,400. In H-i2 gross earnings,
Feb........ 32%-27%
275s- 24% August.. 3138-28%
$663,956; net, $152,893; defioit after paying all oharges, $5,943.
March.. . 32 %-25 %
273s- 26% Sept’ber. 3344-30%
Philadelphia & Erie.—Deo 31,1882, owned from Sunbury to Erie, 287 A p r il.... 3244-2738
28%- 26% October . 32%-30
miles. Formerly Sunbury & Erie RR. It was leased to Penn. RR. for 999 May. . . . . 295è-27%
28%- 25% Nov’ber . 3044-25%
years from January 1, 1862, the lessees to pay 30 per cent of gross June....... 30%-2(>%
10%- 26% Dec’ber.. 28 -24%
receipt as rental, but modified January 1, 1870, so that actual ilet
The annual report for ’81-82 was published in Chronicle , Y. 36, p. 54.
receipts are paid as rental. The consolidated mortgage is guaranteed bv
The following table shows a comparison between the results o f the
the Pennsylvania Railroad. The unpaid coupons of $1,831,561 are held two years’ operations. The earnings of the railroad company for tha
by the lessee for advances. Last annual report was in V. 36, p. 250 • fiscal year ending Nov. 30, were as follows-




B A ÏL K O À D
STO CK S
AND
BONDS.

fVoi. X X X m




A ugu st ,

1888. j]

B A IL E O A D

STOCKS

AND

B O N D S,

lv ii

Subscribers w ill confer a great favor by g iv in g Im m ediate notice o f any error discovered in tliesc Tables.
DESCRIPTION.
Bonds—Princi­
INTEREST OR DIVIDENDS.
Miles Date
pal.When Due.
Amount Rate per
For explanation of column headings, &c., see notes of
of
Par Outstanding
' When Where Payable, and by Stocks—Last
Road. Bonds Value.
on first page of tables.
Cent. Payable
Whom.
Dividend.
Philadelphia <£ Erie—( Continued)—
1st mort., SunburyAE. (extended 20 years in *77)
40 1857 $1,000
$976,000
7
A. & O Philadelphia, Pa. RR. Oct. 1, 1897
2d mortgage........................................................, ..
287 1868
1,000
3,000,000
7
J. & J.
do
do
July 1, 1889
General M., g., guar by Pa.RR.($5,263,000 rg. 5s) 287 1869
1,000 13,943,000 5 & 6 g. Qr—J. Philadelphia & London, July, 1, 1920
t.
4 lo
Phila. Qermant’ri& Chestnut Hill—1st mort., guar
1,000,000
Philadelphia Germantown & Norristown—Stock. ...
” 29
2,231,900
50
3
Q.—M. Phila.. Treasurer of Co. Sept. 3. 1883
Philadelphia Newtown New York—Stock.......
50
1,200.000
Bonds, guar, by Phila. & R ead.,coup...............
21
300 &c.
700,000
6
A. & O. Phila., 227 So. 4th St. Oct. 1. 1897
Philadelphia <&Beading—Stock, common.............
892
50 32.831.375
2*3
Q .-J .
Philadelphia, Office,
Jam 25,1876
Preferred stock................................t .................
892
50
1,551,800
3^2
Q .-J .
do
do
July 25,1876
Mortgage loan, sterling, coupon......................
£500
1843
967,200
6
J. & J.
London.
July, li»lO
do
dollars, co u p o n ....................
1,499,500
6
J. & J. Philadelphia, Office,
1843-9 1,000
July, 19 tO
do
convertible, coupon............. .
79,000
6
J. & J.
1857 50Ö &c.
do
do
July,
1886
do
cou pon .........,. ..........................
1,000
2,700,000
A, & O.
1868
7
do
do
Oct. 1, 1893
Consol, mort. ($8,193,000 are gold 6s) cp. or reg.
1871 200 &c. 18,811,000 6 g. or 7 J . & D. Philadelphia & London, Juue, 1911
Improvement mort., gold, $ or £, coup............. .
1873
1,000
9,364,000
6 g. A. & O
do
do
Oct. 1, 1897
Gen. mort., gold, $ and £, cp.($5,000,000 are 7s).
1,000 24,686,000 7 & 6 g. J. A J
1874
do
do
July l , 1908
Income mortgage. $ ............. ...............................
1876
1,000
2,454,000
J. A D Philadelphia. Office.
7
Dec. 1, 1896
Consol. Mj of '82,1st ser., gold (for $80,000,000).
1882 500 &c.
6,000,000
5 g. M. & N. Phila. aud London.
Peb. ), 1933
do
2d series (for $80,000,000).....
1883 500 &c.
do
do
5,0U0,0u0
5 g. F. A A.
Feb. 1, 1833
Debenture loan, c o u p .. ................................... .
6
1868 100 Ac.
1.124,900
,1. & J
Philadelphia, Office,
July 1, 18U3
do
convertible, coupon ...............
1873 100 &e . 10,395.000
7
J. A J.
do 4
do
Jan. 1. 1893
Scrip deben. and guar, bonds, currency................
3,2nl,380
1877 10 Ac.
6
J. & J.
do
do
July, 1882
Scrip general mort. and Perkiomen, 6, sterling..
1,813.680
6
1877 90 &c.
J. & J. Philadelphia A London. July, 1882
Deferred Income bonds......................................
25,351.651
G
Conv. adjustment scrip (for $4,000,000).......... .
6
1883
J. & J. Philadelphia & London. Jan, 1, 1889
•1)
P. & R. Coal & I., purchase moneymort. bonds...
1872-4 500 Ac. 12,347,000
6 A 7 Various Philadelphia, Office.
1892 to 1894
do
debenture loan........................... .
1,000
1872
1,731,000
7
M. A S.
do
do
189-2
Philadelphia <6 Trenton—Stock......................... .........
26
100
2^2
1,259,100
Philadelphia, Office.
Q .-J .
Jnl.y IO. 1883
Philadelphia Wilmington <£•Baltimore—Stock......... 112
50 11,795,050
4
J. A J Philadelphia A Boston. Ju!y 1. 1883
Plain bonds, loan. ........ ................................... J; .1,000
1867
1,000,000
6
A. A O.
do
do
Aprii, 1887
do
do . . . . . . . . . . . . . . ___, ....... . . . ............
1872-4 1,000
700,000
6
A. A O. PhiPdelphia, Co.’s Office Oct. 1. 1892
do
d o ............. ............ ............................
1.000
800,000
1875
6
do
do
A. A O.
A p r ili, i9 6 0
do
do . . . ..... ..........................................
1,000,000
5
1880
I. A D.
do
do
Junè, 1910
Pittsburg Bradford <£Buffalo—1st mort.,coup., g’ld
1,000
88 1881
800,000
0. N.Y., Nat. Bk.Republic. Aprii 1, 1911
6 g- A.
. ^-----------1880-81.------------, ^-----------1881-82.----------- .
Gross
Net
■ Gross
Net
Earnings.
Earnings.
Earnings.
Eamings.
Railroad traffic... $18,612,440 $8,122,493 $20,333,649 $8,861,139
Canal traffic........
919,105
439,468
841,143
332,452
Steam colliers. . . .
667,153
287,770
648,490
271,548
Richmond barges.
80,544
2,710
66,834 Loss. 17,543

GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.

1881
1880.
1879.
1882.A co/>/c——
dj
. - . $.
.
$
.. $ •RR. equipment, A c... 19,942,295 19,942.295 19,979 033 19,995,963
58,399
Stocks owned, cost__
58,39?
5 s,399
57,299
Bonds own“ d, cost . . .
317,855
283,00»
28 <,< 00
28'V*O0
Bettenn’tstol’sedr’ds
660,293
7<*0,241
835,376
656,777
Bills&acc’tsrec’vable
1,202,432
1,076.528
980,133 1,ooi,03-i
T ota l.... .. . ....$20,279,244 $8,852,443 $21,890,116 $9,447,596 Materials,
fuel, Ac.*..
541,607
625,859
732,474
83-7930
The joint statement of the Railroad and the Coal and Iron companies, Cash on h an d............
237,543
462,183
297,465
437,707
showing the earnings and expenses, the fixed charges for interest, Add’ns to Cin. S. C.Ry
64,639
64,639
64,639
64,639
rentals, &c., are given as follows:
Profit & loss balance.
37,504
376.393
282,465
Gross Op. Exp. and
Net
Year.
Revenue. * Rentals.
Revenue. Interest, Ac.
Deficit.
Total assets.. . . . . . 23,062,567 23,219,144 23,606.912 23,611,814
1878- 79 $26,937,886 $23,493.880 $3,444,005
$6,261,865 $2,817,859
Liabilities—
'
$
187980 32,177.003 26,682,024 5,494,978
6,704.9651,209,986
Stock, com m on ........
2,508,000
2,508,000
2,508,000 12,508,000
1880- 81
35,286,463 28,598,114 6,688,348 6,505,093 prof. 183,256 Stock, preferred_____
5,929,200 5,929,200
5,929,200 t5,929,200
18818237.300,161 30,053,228 7,246,933 6,363,989prof.882,944 Bds. (see Supplem’ t ). 12,497,000 .12,497,000 12,617 000 12g:17,000
—(V. 35, p. 44,132,189, 236,266,374,487,603,706,737: V. 36, p. 30.48, All other dues & acc’ts
726,893
784,754
1,118,636 1,212,1346 4 ,8 2 ,1 9 6 .2 2 1 , 253,332,340, 366,480,5 1 1 ,5 6 1 ,5 7 4 ,5 9 1 , 652,707, Due Little Miami RR.
888,7-13
891,189
853,890
847,390
724, 731; Y. 37, p. 127.)
181,601
Due C. C. & I. C. RR .
184,601
184,601
134,601
262,500
262,500
262,500
262.500
Philadelphia di Trenton.—Kensington, Pa., to Morrisville, Pa., 26 Cin. Street Conn. bds.
65,590
64,819
133,085
50,989
miles. On Dec. 1, 1871, it was leased with the United Companies of Miscellaneous............
............
97,<51
New Jersey to the Pennsylvania Railroad, at 10 per cent on stock, and Profit & loss balance.
is operated as a »art o 1 its New York division.
Total liabilities. . 23.062,567 23,219.144 23,606,912 23,611,814
Philadelphia Wilmington <6 Baltimore.—Dec. 31, 1882, owned from
* Includes supplies March 31, 1875. transferred;;
Philadelphia, Pa., to Baltimore, Md., 96 miles : Port Deposit Branch, 4
t Of which $367.950 common and $2,950 preferred is Steub. A Ind
miles; Southern Division to Rodney & Newcastle, Del., 12 miles; total,
main lin>- aud branches, 112 miles; Delaware RR. (leased), 95 miles ; stock unconverted.
total operated, 207 miles. Owns over half the stock of the P. A B. Cent. —(V. 34. p. 292,345, 4 8 6 ; V. 35, p. 133; V. 3 6 .p. 340, » 5 8 ; V. 37, p 127.)
In April, 1881, nearly the whole stock was purchased and is held by
PittsOurg <£•Gonnellsville.-Be.pt. 30, 1882. owned from Pittsburg. Pa., to
Penn. RR. Co. Incomo account for 1882 as follows:
Mt. Savage June., Md., 147 miles: branch-, 2 miles; Leased hues; 22 miles-;
Net earnings.................................................. *...............................$1,751,597 total, 171 miles. On Dee, 13 1875, the property was leased to the Balt.
103,258 A Ohio RR., and possession given Jan 1,1876. The t*. & G. is credited
Interest, profit on Delaware lease, &c..... . ...............................
T o t a l . ..................................................... i ............... . ......... $1,«54,856 with all the earnings and charged with all the expenses. . The city o f
Interest and 8 per cent dividends.................. .................... ........ 1,522,843 Baltimore transfen ed. its interest to the Baltimore & Ohio Railroad tor
and the consolidated sterling mortgage was made and guar­
Surplus for the y e a r ..... , .............................
$332,013 $1,000,000,
by the Baltimore & Ohio. It is operated as the Pittsburg Division
Profit and loss Nov. 1,1881 ............................
1,165,316 anteed
of
the
Baltimore
& Ohio Railroad. In February, 1880, a judgment in.
Renewal fund, balance transferred.......... .
176,908 favor of B. a. 0. Co.
was confessed for $4,354,748. Stork is $1.944,400.
T o ta l........................................... .................
................ $1,674,737 In 1879-80 the net earnings were $1,011,8/7; in 13^0-81, $1,121,473; in
Depreciation of securities, A c........ ....... .........
$91,181
le81-2, $1,512,125.
Sundry accounts..... ..........................................
10,575
‘PittsMirg Fort Wayne <£•Chicago.—Dec. 31,1882, owned from Pittsburg,
Extraordinary improvements of the r o a d ___
107,395— 209,152 Pa.,
to Ohio., I1L, 468 miles Ti>p. company made default Oct. 1.1857, alia
Balance Nov. 1 ,1 88 2 ........................ .........
...............$1,465,585 again in 1859. and was foreclosed Oct. 24,1861, and reorganized under
—(V. 33, p. 218; Y. 34. p. 69; V. 36, p. 2 8 2 .)
this title Feb. 26, 1862. On Juue 27, 1869, the eompa iv teas d au ita
Pittsburg Bradford <& Buffalo.—Foxburg to Kane, Pa., 82 miles; road and property to the Penn. RR. at a i-ental equivalent to interest,
Clarion Branch, 6 miles ; Saw Mill Branches, 6 miles ; total, 94 miles. sinking fund of debt, and 7 per cent on $19,714,286 stock, which was
Bonds issued at $8,000 pr. mile. 8tock authorized, $1,000,000, par $100; increased at that time from $11,500,000. The lease was transferred
issued. $550,000. Earnings 1882, $117,680; net, $40,134. Charles subsequently to the Penusylvania Company. Tlie lessees arc to keep,
the road in repair and also pay taxes, expenses, Ac. The rental ebarg®
W. Mackey, President, Franklin, Pa. (V. 35, p. 51,133, 236, 737.)
is about $2,930,000 per year, and the profit to lessees has been larger
Pittsburg Cincinnati <£• St. Louts.—December 31, 1882, owned The Pittsburg Ft. Wayne A Chicago leases the Newcastle & Beaver
from Pittsburg, Pa., to Columbus, Ohio, 193 miles; branch to Valley and the Lawrence roads, which in turn are leased again by til®
Cadiz, Ohio, 8 miles; total, 201 miles. This was a consolidation Pennsylvania Co.
The first iu»rtgage bonds are in six series lettered A to P inclusive,
of several companies, May 1, 1868, including tho Steubenville &
Indiana and the Pan Handle roads. This company is controlled of $875,000 each series, the interest on “ A” series being payable Jam
by the Pennsylvania Company, through the ownership of a majority of and July; o n ‘-B” it is February an I August; on “ C” it is March aiul
its stock. This company also held leases of the Little Miami and its September; on *‘D ” it is April and October; on - E ” it is May and Nov ,
dependencies and of the Columbus Chicago A Indiana Central road, and on “ F” it is June and December. The second mortgage is also in
Operated by the Pennsylvania Company, and their eamings separately six series of $60 000 each, lettered H to M inclusive (J omitted), and til®
stated. Common stock, $2,508,000; first »referred, $2,929,200; interest is payable Jan. and July on “ G” series, Feb. and Aug. on H,”
second preferred, $3,000,000; par value of shares, $50. The interest March and Sept, on I,” April and Oet. on “ K,” May aud Nov. on “ L,”
on the second mortgage bonds, due from October T, 1875, to April 1, and Juue and Dec. on “ M.” The bonds are coupou, but may be regis­
1878, inclusive, was paid in 1880.
tered payable to order. Of the 1st mortgage bonds, $1,337 500, and o f
Comparative statistics for four years were as follow s:
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®
INCOME ACCOUNT.*
Pennsylvania RR. for improvements, &c., under article 16 of lease, via.
M .
1879
1880.
1881.
1882.
‘
•A
rticle 16. The party of the first part hereby agrees that, forth®
JxQC&vptS—“
^
Net eam in gs..,........ 1,599,562
2,032,682
1,309,313 1,383,923 purpose of enabling the party of the second part to meet the obligations
of
the
party of the first part to the public, by making from time to tim®
Rentals and interest.
14,022
16,041
22,670
19.636
Net from leased roads
711,466
647,858
532,690
609,271 such improvements upon ana additions to tlie said Pittsburg Fort Wayii®
&
Chicago
Railway, in the extension of facilities for increased business
Miscellaneous............. ............ ... ■ ......................................
86,521
by additional tracks and depots, shops and equipments, and tlie substi­
tution
of
stone
or iron bridges for wooden bridges, or steel rails for iron
Total income........ 2,325,050
2,696,581
1,864,673 2,099,351
rails, the party of the first part will issue, from time to time, a special
Disbursements—
$
$
$
$
stock,
which
shall
bear such name as shall be hereafter agreed upon,nr
Rentals paid.............
821,299
801,048
819,464
825,447
Interest on debt........
833,625
842,480
846,769
851,990 bonds, or other securities.” * - * “ The said party of the second part
shall
guarantee
the
payment, semi-annually or quarterly, thereon of
Other interest.............
136,980
174,944
181,777
222,985
rate of interest as may be agreed upon between the parties hereto,
Int.onC.AM.Val. bds.
105,000
105,oOO
105,000
105,000 such
to
be
paid
by
the
said
party of the second part to the holders thereof
Loss on $t. L. V. A T. H.
16,144
27,241
170,445
without deduction from the rent hereinbefore reserved: and tlie said
stock, or bonds, or other securities, .shall be issued only in respect
T o t a l.................. 1,913,048 1,950,713 2,123,455
2,005,422 special
to improvements of and additions to the said railway which; and esti­
Balance, surplus........
412,002
745,S68 def. 258,782
93,929 mates and specifications of which, shall have been submitted to and
approved by the said party of the first part in writing.” * * * '
* Exclusive of Col. Chic. & Ind. Cent:
Operations and earnings for five year s past were as follows "




Iviii

l i A LL E O A D

STOCKS

AED

BON DS,

fV oi,, X X X V II.

Subscribers w ill confer a great favor by giv in g im m ediate notice o f any error discovered in tbese Tables.
Bonds—Prinoi DESCRIPTION.
INTEREST OR DIVIDENDS.
pal,When Due.
Miles Date Size, or Amount
For explanation of column headings,&e., see notes of
of
Par
When
Stocks—Last
Rate
per
Where
Payable,
and
by
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Dividend.
Whom.'
Puts. G. db St. L.—1st M., consol., reg. and coup........
2d consol, mortgage....................... ..........................
1st mortgage, Steubenville & Ind., reorganized...
Col. <teNewark Division bonds...........................
Holliday’s Cove RR. mortgage bonds....................
Pitlsb. db Connellsville.—1st mortgage......................
1st mortgage Turtle Creek division........................
Cbnsol. mort,, guar. B. & O. (s.f. £7,200 pr. y r .)..
Pittsburg Ft. Wayne <£ Chicago—Stock, guar...........
Special improvement stock, guaranteed................
1st moil, (series A to F) * 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)...................................
Pittsburg dbLake Erie—Stock......................................
1st mortgage, gold, coupon....................................
Pittso. Va. <£•Charleston—1st mortgage, gold...........
Pittsburg Youngstown & Chicago—Stocx....................
Pittsburg db Western.—1st mort., g. (for $6,000,000)
Pomeroy-db Newark—Stock...........................................
Port Jervis dbMonticello—Stock...................... ............
Port Royal <£- A ugusta -1st mortgage.........................
General mortgage income bonds, c o u p ..................
Portland db Ogdensb.—1st mort., g o ld .......... ............
Mortgage iior $3,300,000)........................................
Portland db Rochester—Stock ($600,000)...................
Portland Saco db Portsmouth—Stock........................
Portsmouth dbDover—Stock......................... ............ -. .
Portsmouth Ot. Falls <& Conway—Stock.....................
1st mortgage.................................................... . . . . . .
Poughkeepsie Hartford dbBoston—1st and 2d mort.
Providence db Springf.—1st M. tend, by City Prov.).
Providence db Worcester—S t o c k ................................
New bonds......................................... .......................
Raleigh db Augusta—Stock ($1,000.000 pref.)___ _

200
200
117
33

1868
1873
1864
1864

149
10
149
468
468
468
468
468

1,000
1808
1859 100 &c.
£200
1876100
100
1871
1862 500 &c.
1862 500 &e.
1862 500 «fee.
1,000
1857
1874
1,000
50
1,000
1878
1.000

....
....

70
70
30

‘ 27
24
112

....

60
94
53
ei
li
71
71
42
23
66
99

$L,000
1,000
1,000
1,000

1881

1,000
50

1878
1878
1870
1871

100 &<S.
100 «fee.
500 «fee.
100 «fee.

....

100
100
100
500 «fee.

....
1877
1875
1872
1877

1,000
100

....

Passenger Freight (ton)
Gross
Net
Div’d
Years. Miles. Mileage.
Mileage.
Earnings.
Earnings, p. ot.
1 878.!.. 468 77,819,493
637,470,506 $7,872,476 $3,529,085
7
1879..
.. 468 86,406,476 803,053,260 8,461,563 3.720,298
7
18 8 0..
.. 468 104,287,111 806,257,399 It*,096,819 4,778,210
7
1881..
.. 468 130,470,469 1,044,447,16110,741,490 4,883,005
7
1 8 8 2.. .. 468 . . . ............................. ........ 10,894)870 4,368,463
7
—(V. 32, p. 6 77.)
Pittsburg dbLake 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 $410,000, beai’ing 6 per cent interest
and payable at will, have been issued as dividends on stock. Gross
earnings in 1880, $841,256; net, $442,244. In 1881 gross, $1.041,063;
net, $603,764. In 1882 gross, $1,265,748; net, $508,704.(V. 34, p. 5 9 ;
V. 35, p. 103; Y. 36, p, 1 0 7 , 561, 591, 675.)
Pittsburg Virginia db Charleston.—From Birmingham, Pa., to Browns­
ville, Pa., 53 miles. The stock is $l,504,9u0. The bonds, $2,000,000, besides $208,100 debt certificates, and of the stock $1,251,050,
are owned by the Penn. RR. Net earnings in 1881 $127,141, against
$127,952 in 1882.
Pittsburg <£ Western.—The mortgage was exeouted Oot. 1,1881, to the
Mercantile Trust Co., covering the projected line from Allegany City.
Pa., to Youngstown, O., and Newcastle, Pa., to Red Bank, Pa., and
Junction to Parker, Pa., in all about 200 miles. Also the rights secured
by the contract of the Wabash, Central of New Jersey and Rochester
& Pittsb. combination. Stock. $6,00. ,0 *0. In 1881-82 gr; ss earnings
$178,141; net, $44,939. (Y. 34, p, 461; V. 35, p. 103, 266, 431,546.)
Pittsburg Youngstown db Chicago.—(V. 33, p. 75; V. 34, p. 461 • V 35
p. 103.)
Pomeroy db Newark.—Pomeroy, Pa., to Newark, Del., 27 miles. For­
merly Penn. & Del. RR., then Pomeroy & State line, then reorganized
in 1881 as above. Operated by Pennsylvania Railroad.
Port Jervis dbMonticello.—Sept. 30,1882, owned from Port Jervis N
Y.; to Monticello, N. Y., 24 miles. Formerly the Monticello & Port
Jervis RR., which was sold in foreclosure July 16,1875, and reorganized
as the present Port Jervis & Monticello. Gross earnings in 1880-81. $28 171; deficit, $15,018; 1881-8-', gross, $31,920; deficit, $4,123. The
stock is $724,276, issued to the former holders of first mortgage bonds.
Port Royal dbAugusta.—Sept. 30, 1882, owned from Port Royal, S . C
to Augusta, Ga., 112 miles. Formerly Port Royal Railroad. Defaulted
Nov. 1, 1873, and receiver appointed May 9,1875. Sold in foreclosure
June 6,1878, and purchased for the bondholders, who organized this
company. The Georgia Railroad was endorser on $500,000 of the old
bonds. The stock is $750,000, and in June, 1881, a controlling interest
was purchased by Central Georgia RR. parties. There are also $50 000
■equipment bonds, and in 1882 $150,000 2d mort. 6s issued, due 1898
Earnings for 1881-82 compared with 1880-81 were as follows:
„
.
1
1881-82.
1880-81.
Gross earnmgs..................................... .
$32o,234
$356,085
Operating expenses................ .................... 280,227
2 4 l’ l98
—(V. 32, p .3 5 6 ; V. 33, p.589, 621.)
Portland db Ogdensburg.—Sept. 30, 1882, owned from Portland Me.,
■to Fabyans, 91 miles. It reaches the Vermont Division (now St. Johns•bury <fe Lake Champlain) by using 14 miles of the Boston Concord &
Montreal RR. and a 3-mile link of its own. The citv of Portland owned
a controlling interest in the stock, which is $ l‘,052,186. A suit in
equity was begun by holders of the 1871 mortgage in February, 1881
but contested by the city. Earnings of this road for five years past
were as follows:
?o ™ 8o
Miles.
Gross Eam’gs.
Net Eam’gs
.................................. 94
$270,783
$88,574
!a a n O ? ....................................

of

292,659

lo l;6 9 5

J880-81.......... ..................... 94
304,245
9L077
1881-2.................................... 94
354,173
106 304
- ( V . 32, p. 206; V. 34, p. 1 1 3 , 522; V. 36. p. 1 68 )
Portland <£ Rochester.—Sept. 30,1882, owned from Portland, Me., to
Rochester, N. H., 53 mile6. The old company was put in the hands of
a Receiver February, 1877. Foreclosure suit was begun, but a settle­
ment was made iu 1881 by which all the old st<>ck and bonds were con­
verted into the stock of the new company Gross earnings in 1880-81
$168,328; net, $15,034; in 1881-82, gross, $201.847; net, $6.526 <v’
82, p. 1 8 1 ; V. 33, p. 461; V. 34, p. 1 75 ; V. 36, p, 168 )
' ’
Portland Saco <£•Portsmouth.- -Portland, Me., to Portsmouth, N. H. 51
miles. It was leased May 4,1871, to the Eastern Railroad, Mass., at 10
per cent, on stock. Lease rental changed May 21, 1877, and now 6
per cent. No debt.
„Portsmouth db Dover.—Portsmouth, N. H., to Dover, N. H., 11 miles
Opened February 1,1874, and leased for 50 years to Eastern of New
Hampshire at 6 per cent per annum on the stock. Operated now bv
Eastern (Mass.) Frank Jones, President, Portsmouth, N. H.
Portsmouth Great Falls db Conway.—Owns from Conway Junction, Me ,
to North Conway, N. H., 71 miles. The Eastern Railroad in Massa-;




$6,863,000
2,500,000
3,000,000
134,000
120,000
4,000,000
326,600
6,292,000
19,714,285
8 ,1<!0,000
5,250,000
5,160,000
2,000,000
100,000
1,000,000
2,050,000
2.000,000
2,000,000
4,000,000
3,099,000
500,000
724,276
150,000
1,500,000
800,000
2,268,000
580,168
1,500,000
769,000
770,000
1.000.000
535,000
500,000
2,500,000
1.242,000
1.873.000

7
7
6
7
6
7
6
6 g.
1%
19*
7
.7
7
7
8
10 8.
6 g.
7 g.

F. & A. Phila., Pa., RR. Office.
A. & O.
do
do
M’nthlv N. Y., 160 Broadway.
J. <fe J. Phila., Penna.RR. Office
F. & A.
J. <fe J. Balt., Balt. <fe Ohio RR.
F. <& A. Pittsb., First Nat. Bank
J. & J. London. J.S.Morgan«feCo
Q .-J . N. Y., Winslow, L. & Co.
do
do
Q .-J .
Various
do
do
V arious
do
do
A. <& O
do
do
J. <fc J.
do
do
M. & S.
do
do
J. <fc J. N. Y., Phila. & Pittsb.
A. <fc O.
Philadelphia.

Aug. 1, 1900
April 1, 1913
May. 1884
Jan.. 1900
1893
July, 1898
Aug. 1, 1889
Jan. 1, 1926
July 3, 1883
July 2. 1883
July 1, 1912
July 1, 1912
July 1, 1912
Jan. 1, 1887
Mch. 1, 1884
1883
July 1. 1928
April 1,1902

6 g. J. «fc J. New York, 3 Broad St. July 1, 1921
6
J.
6
J.
6 g- J.
6 g. M.

&
&
&
&

J. N. Y.,,252 Broadway. Jan. 1, 1899
J.
do
Jan. 1, 1899
J. Portland, Treas. Office. Jan., 1900
N.
do
do
Nov., 1901

3
J. & J.
Boston, Office.
J. & J. Portsmouth. Treas,
8
3
J. & J. Best., Eastern RR. Co.
4 La J. & D.
do
do
7
7
J. & J. Providence,Ain. Nat.Bk
3
J. & J.
Providence, Office.
6
A. & O.
do
do

....

July
Jan.
July
July

15,1883
1, 1883
15, 1873
2, 1937
1905
July 1, 1892
July 2, 1883
1897

chusetts has made a lease of the road for 60 years from December 1,1878,
with a guaranteed rental of $45,000 a year, which pays 4*2 per cent on
$1,000,000 bonds, and the stock is to receive the same dividends as the
stock of the lessees. Total stock, $1,150,300, of which lessees own
$551,300.
Poughkeepsie Hartford dbBoston.—Sept. 30.1882, owned from Pough­
keepsie, N. Y., to New York State Line, 47 miles. The Poughkeepsie &
Eastern RR. was opened in 1872, and was sold in foreclosure May 15,
1875, and the present company organized. It connects with the Connec­
ticut Western RR. The 1st mortgage bonds are $35,000, 2d mortgage
$500,000 The stock is $850,00(0. In 1880-81, gross earnings, $59,232;
expenses, $54,815. In 1881-2, gross earnings, $68,408; expenses,
$59,496. G. P. Pelton, President. Poughkeepsie, N. Y.
Providence £ Springfield.—Providence, R. I., to Pascoag, 23 miles. It
is proposed to extend the road to Springfield, Mass., 80 miles. Stock is
$517,150. In 1880-81, gross earn’gs, $89,328; net, $42,485; in 1881-82,
gross,$96,252 ; net, $34,997. William Tinkham, Pres., Providence. R, I.
Providence db Worcester.—Sept. 30,1882, owned from Providence, R. I.,
to Worcester, Mass., 44 miles ; branches, 7 miles ; leased Milford & Woon­
socket RR. and Hopkinton RR., 15 miles ; total operated, 66 miles. In
1881 new stock for $500 oOO issued for improvements. The notes pay­
able Sept. 30, 1882, were $420,000. Operations and earnings for three
years past were as follows :
Pa songer
Freight (ton) Gross
Net
Div.
Years. Miles.
Mileage.
Mileage.
Income.
Income. p. 0.
1879-80 .. 66
6
15,941,739
23,669,729 $1,064,801 $332,813
303,457
5
1880-81 .. 66
17,439.529
22,2 LI,710 1,039,671
1881-82 .. 66
19,977,254
25,023,982 1,147,514
6
310,897
- ( V . 35, p. 577.)
Raleigh db Augusta.—July 31, 1882, owned from Raleigh, N. O., to
Hamlet, N. C., 98 miles. Formerly Chatham Railroad, and is controlled
by Raleigh & Gaston. Earnings 1881-82, $222,354; net, $53,336.
Raleigh db Gaston..—From Raleigh to Weldon, N. C-. 97 miles. Stook,
$1,500,000. Dividend of 3 per oent paid October, 1881. Earnings for
five years were as follows:
Gross
Net
Years.
Miles.
Earnings.
Earnings
18767 .............................
97 $234,511
$85,750
9Ÿ242,478
107,185
18778 .........................
1878- 9 (1 4 months)........... .
97
295,051
115,343
18803 1 . . . . ................................ 97
439,785
53,364
188182 ......................
97 446,951
99,294
Reading db Columbia.—Nov. 30.1882, owned from Columbia to Sink­
ing Springs, Pa., 40 miles; branches, 8 miles; Lancaster & Reading
Railroad, leased, 15 miles; total operated, 63 miles. Stock, $958,268.
The road is controlled and operated by Philadelphia <fe Reading, but
accounts kept separate. The first mortgage 7 per cent bonds, due
1882, were extended 30 years at 5 per oent. Gross earnmgs in 1880-81,
$394,184; net earnmgs, $138,794; payments for interest and rental,
$94,500; 1881-82 gross. $432 995; net, $133,611; interest and rental,
$114,75|0. (V. 34, p. 282.)
Rensselaer db Saratoga.—Sept. 30, 1882, owned from Albany to Lake
Champlain, N. Y., 79 miles; Troy to Waterford Junction, N. Y . 6 miles ;
Whitehall, N.Y., to Castleton, Vt., 14 miles; Eagle Bridge to Rutland,
Vt., 62 miles; other, 2 miles; leased: Ballston to Schenectady, 15
miles; Fort Edward to Caldwell, 15 miles; total operated, 193
miles. It was a consolidation of several lines, and the Delaware &
Hudson Canal Co. leased the whole March 1,1871, at a rental of 8 per
cent on the stock and 7 per cent on the bonds. Operations and earn­
ings for three years past were as follows:
. Passenger Freight (ten)
Gross
Net
Div.
Years. Miles.
Mileage.
Mileage.
Earnings. Earnings, p.c.
187980. 18321,797,913 54,333,707
$1,824,318 $365,372
8
188081.183 23,427,570 55,989.982
1,922,002
762,637
8
188182, 19328,378,001 65,388,489
2,104,596
828,908
8
Richmond db Alleghany.—March 31,1832, owned from Riohmond to
Williamsons, Va.,with branches to Lexington, 250 miles, and leased
Henrico RR., Lorraine to Hungary Station, 11 m iles; total operated,
261 miles. The company owns by purchase the property and fran­
chises of the James River ,& Kanawha Canal Co., including water
power on James River. The stook is $5,000,000, and there is also a 2d
mortgage subscription loan of $1,250.000. In June, 1881, consol­
idation with the Ohio Central was voted, but never consummated. See
report with balance sheet to Sept. 30, 1882, in V. 35, p. 707. Gross
earnings in 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, 48, 102, 154, 202, 226, 305, 6 8 5 , 716; V. 34. p. 116,
196, 550, 625, 655; V. 35, p. 7 0 7 ; V. 36, p. 724; V. 37, p. 23.)
Richmond db Danville.—Sept., 1882, owned from Richmond, Va., to
Danville, Va., 141 miles; branohes, 12 miles; Danville, Va., to Greens­
boro, N. C., 47 mites; Salem Junotion to Salem, 25 miles; leased: West
Point, Va., to Richmond, 38 miles; Goldsboro, N. C., to Cnariocce. 223
miles; Charlotte, N. C., to Atlanta, 269 miles, and narrow
branches, 70 miles; total owned and leased, 825 miles.

A ugu st , 1883. j

R Á IL K O A D

S T O C K S 'A N D

BON DS.

lix

Subscribers w ill confer a great favor by giv in g im m ediate notice o f any error discovered in th e s e Tables.
DESCRIPTION.
Bonds—Prinoi
ILTT7
INTEREST OR DIVIDENDS.
Date Size, or
pal,When Due
Amount Rate per
For explanation of column headings, &c., see notes Of
of
Par Outstanding
When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
Raleigh & Gaston—1st mortgage..............................
97 1873 $1,000 $1,000,000
8
J. & J. Phila.,Pa.,& Ral’gh.N.C. Jan., 1898
Reading <&Columbia—1st mort., coup, (extended)..
40 1862 100 &c.
5
650.000
M. & 8.
Phila., Co.’s office.
Mch. 1, 1912
2d mortgage, coupon......................... ......................
40 1864
350.000
1.000
7
J. & D. Columbia, First Nat.B’k June, 1884
Debentures......... T......................................................
1877
6
1,000,000
1,000
J. & D.
Phila.,
Co.’s
Office.
Dec.
1, 1917
Lancaster & Reading, 1st mortgage.......................
15 1873 100 &c.
350.000
7
J. <& J.
do
do
July 1, 1893
Rensselaer Saratoga—Stock.___7.7.......................... 183
4
6.854.100
100
J. & J. N. Y., Nat. B’k Com’rce July 2, 1883
1st mortgage, consolidated (for $2,000,000)........
79 1871
7
1.925.000
1,000
M & N. N.Y., Del.& H.CanalCo
Nov., 1921
Richmond <£Alleghany—1st mortgage, gold............ 250 1880
4.925.000
1,000
J. & J.
No. 2 Wall Street. July I, 1920
«
g- M. & N. N. Y.,do
Second mortgage, gold ($4,000,000)............. '....... 250 1881
974.000 • 6 g.
1,000
do
May
1, 1916
Improvement bonds ($300,000)..............................
97,000
Richmond & Danville—Stock.___1.............................. 744
TOO
5.000.
000 2
Q .-F .
N. Y., Met. Nat. Bk. Aug. 15, 1882
3d mortgage, (consol, of 1867) coup, o rre g ........
141 1867 100 &c.
6
M, & N. N. Y., Central Trust Co. May 1,’85&’90
1.228.100
General mprt., gold (for $6,000,000).........." ........
141 1874
3.102.000
1,000
do
do
6 S- J. & J.
1915 '
Debenture mortgage bonds, cumulative................
1882
A, & O.
4.000.
000 6
1,000
do
do
April 1, 1927
Piedmont branch, 1st mortgage......................... .
48 1868
A. & 0.
500.000
1,000
8
do
do
1888
Northwestern, N. C., 1st morC, guar....................
29 1873
1.000
500.000
6
A. A O.
Richmond.
1902
Richmond York River & Ches., 1st mortgage.......
38 1873
1,000
900.000
8
J. & J. N. Y., Central Trust Co.
1894
do
do
2d mortgage........
38 1880
400.000
6
M. & N.
1,000
Richmond.
1890 I
Rich’d Iredericksburg & Potomac—Bonds, ster........
57,327 ¿ eg* J. «fe J.
London.
1885
Dollar loan...............................................................
316,594 5, 6, 7 Various
«••«
Richmond, Office.
1895-’99
1902
.
.
.
.
Coupon bonds of 1890..............................................
150.000
8
J. & J, Phil. .ToWnsend W. & Co.
1890
Coupon bonds of 1 9 0 1 ............................. 5.............
6
300.000
M. & N.
Richmond, Office.
1901
Richmond <&Petersburg—Stock........................
1,009,300
25
3
100
J. & J
Richmond, Office.
Jan. 2, 1882
1st mortgage, coupon...............................................
100.000
25 1870
1,000
8
A. & O.
do
do
1883 to ’86
Consol, mortgage............. ..............................
25 1875 500 &c.
139.000
6 & 7 M. & N.
do
do
May 1. 1915
Richmond <£ West Pt. Ter. R. & W. Co.—Stock..........
15,000,000
100
Trust notes, secured bv collateral.........................
1883
2.000.
000 6
5.000
J. & J. N.Y. Central Trust Co.
1885
Rio Grande dt Pecos—Ist M.. gold ($20,000 p. m .)...
31 1882
500.000
1.000
6 g. J. & D. N.Y., Mercantile Tr.Co. June 1, 1912
Rochester <£ Genesee Valley—Stock.............................
18
555,200
100
3
J. & J. N.Y.,byN.Y.L.E.&W.Co July 1, 1883Rochester dbPittsburg.—1st mortgage........................ 108 1881
6
1.300.000
1,000
F. & A. N. Y., Union Trust Co.
Feb. 1, 1921
Consol, mortgage.” .................. 7..”. ........................... 279 1882
1,000
6
2.500.000
J. & D.
New York.
Deo. 1, 1922
2d mort. for terminal facilities............................. .
600.000
1883
1,000
6
M. & N. N. Y., Gallatin Bank.
May 1, 1888
Equipment bonds (car trust) in 3 series................
Var’s 1,000
724,000
7
do
do
Various.
Rock Island db Peoria—Stock. 1....................................
91
1.500.000
2*2 J. & D.
1882
1st mortgage................................... .........................
91 1878 25,000
10
- 150,000
J. & J. N. Y .; Com Exoh. Bank.
Jan. 1,1900
In Dec., 1881, the R. & D. Co., as stockholder in the R. & W. P. Termi­
nal, took $750,000 of the Ya. 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. & D. stockholders at 45. In April, 1882.
the R. & D. Co. took $5,000,000 of Terminal stock at $25 per share, and
gave $1,(»00,000 of the R. & D. stock in part payment. (The Terminal
Co. stock was increased then to $15,000,000 i The R. <fcD. was paying
quarterly dividends, but in Nov., 1882, the dividend was passed for the
purpose, as reported, of paying off floating debt, &c. The interest dug
on debentures in April, 1883, was ordered to be paid when due. See
partial report for 1881-2 in V. 35, p. 707.
By ownership of a majority of the stock of the Richmond & West
Pôint Terminal Railway & Warehouse Company, the Richmond & Dan­
ville Railroad Company indirectly controls and operates the following
lines of railway: Charlotte Columbia & Augusta, 191 miles; Columbia
& Greenville and branches, 226 miles ; Spartanburg Union & Columbia,
68 miles ; Northeastern of Georg a, 40 miles ; Western N. Carolina Rail­
road, 186 miles; Asheville & Spartanburg, 67 miles ; Virginia Midland
Railway, 401 miles ; total miles thus indirectly controlled through R.
& W. Pt. Ter’l R. W. Co., 1,182 miles ; grand total of miles directly and
indirectly controlled by Richmond & Danville RR. Co., 2,009. The
Richmond & Danv. Extension Co. was organized to build Ga. Pac. RR.,
and large advances were made to it by the Riohn ond
Danville Co.
The annual report for the year ending Sept. 30,1882, was published in
the C h r o n ic l e , V . 35, p. 705 and 734.
The income account was as follows for all the lines :
RECEIPTS

DISBURSEMENTS.

General freights............ $2,318,122 Interest on funded debt. $339,679
Passengers................
965,937 Int. on float’g debt (ino.
Express freights................................66,600
$27,552 paid on carUnited States mails.......................... 186,602
trust contracts)..........
104,619
Miscellaneous sources..
43,669 Int. on bds. of the North­
Telegraph.....................
2,459
western N. C. RR........
780
67,6s 2 Rental to Richmond Y.
Rents of cars, & c,..........
R. &C. R R ............. .
85,850
$3,651,073 Rental to Piedmont RR.
60,000
Operating expenses....... 2,353,038 Rental to North Car. RR
260,000
Rental to Atlan. & Char­
Net earnings............ $1,298,034
467,000
lotte A. L. R R ..........
Received from int, on in­
Dividends...-..................
380,000
vest’s and prem. on bds
Miscellaneous.................
74,518
and stock sold.............
575,770
Sundry accounts............................... 23,300
$1,772,446
Making a tot. net reven’e
Balance to the credit of
for the year o f............ $1,897,105
ueu inc.
me. Sept.
oepu 30,1882
ov, ie o a $124,659
®±z4,ooy
net
—(Y. 34, p. 87,178, 336, 435, 550, 715; V. 35, p. 52,189, 405, 422, 449,
457, 577, 625, 707, 7 3 4 ; V. 36, n. 82,140,187, 313,332, 358, 561, 699;
Y. 37. p. 48, 68, 100, 111. 128, 151,176.)
Richmond Fredericksburg <&Potomac.—Sept. 30, 1882, owned from
Richmond, Va., to Quautico, 82 miles. In November, 1881, there were
voted ¡dividend certificates for $755,039 to be issued to holders of com­
mon stock (70 percent on each- share), to represent money spent on
the property out of earnings. The common stock is $1,030,100, and
guaranteed stock is $500,400, and “ dividend obligations ” $720 200.
A dividend of. 2 per cent was paid July 2,1882, on stock and dividend
t ligations. Gross earnings in 1880-81, $406.927; net, $208,740. In
1 11-82, gross earnings, $439,875; net, $172,543. (V. 35, p. 625.)
mJchmond <& Petersburg.—Sept. 30,1882, owned from Richmond to
Petersburg, Va., 23 miles; branch, 2 miles; total,25 miles. The road
has earned moderate dividends and the debt account is very small
In 1881-82 gross earnings, $174,378; net, $56,596.
Richmond & West Point Terminal Railway <&Warehouse Co.—This com­
pany was incorporated by an act of the Legislature of Virginia of March
8,1880. It is the auxiliary corporation of the Richmond & Danville
syndicate controlling several stocks by ownership of a majority.
In April, 1882, the stock was increased from $5,000,000 to $15,000,000,
the old stockholders taking two new shares at $25 per share for each old
share owned. The Richmond & Danville Company owns $7,510,000 of
this stock. Its stock was placed on N. Y. Stock Exchange in November,
1881, ana the balance sheet was published in the Ch ronicle , V. 33, p.
589. T„he company owned the following stocks, viz.: $2,550,000 Rich­
mond & Danville Extension Co., $120,000 Northeastern Railroad of
Georgia, $3^166,800 Western North Carolina RR,, $100,000 Knoxville
RR.,
Charlotte Columbia & Augusta RR., $518,000 Virginia Midland Railway, $1,001,000 Columbia & Greenville RR!;
and the following bonds: $250,000 Richmond & Danville general mort­
i s
a cents, $100,000 Knoxville & Augusta 1st mort. 6 per cents,
$3b8,000 Spartanburg & Asheville 1st mort. 6 percents, $850,000 WestNorth Carolina* con. 6 per cents, $15,700 miscellaneous township
bonds. In Jan., 1883, the above trust notes were issued at 90, secured
b3U a odK
ep08lir ? i stocks and bonds as collateral. See V. 36, p. 56, 109.
—(V. 35, p. 7 3 5 ; V. 36, p. 56, 109.)
Rio Grande & P eco s-Owns from Laredo on Rio Grande River, to
Santa lom as, 27 miles, to the company’s coal lands of 20,000 acres.
The mortgage is issued at $16,000 per mile single track, or $20,000
per mile of three rail track, ^
v ’




Rochester <£• Genessee Valley.—Sept. 30, 1882, owned from Avon to
Rochester, N. Y., 18 miles. Leased July 1,1871, in perpetuity, to Erie
Railway, and now operated by New York Lake Erie & Western. Rental,
$34,012. James Brockett, President, Rochester, N. Y.
Rochester <£■Pittsburg.—( See M a p P a g e l x . ) —Owns from Rochester,
N. Y, southward to Punxutawney in Pennsylvania, 204 miles; and
Buffalo Branch from Ashford Junction to Buffalo, 44 miles; total,
248 miles. Leased, 46 miles. Total operated, 294 miles. Formerly
Rochester & State Line, which road was sold and purchased
by Walston H. Brown, of New York, and was reorganized as the Roches­
ter & Pittsburg. In. Nov., 1881, an important consolidation was
made. (SeeV. 33, p. 623.) In Dec., 1882, the new consolidated mort.
was issued in place of old income bonds and for other purposes, and
to July, 1883, $1,300,000 of the incomes, out of $1,870,000, had been
exchanged. The capital stock was increased in 1882, to $20,000,
000, which increase was thus commented upon in the annual report:
“ Since the close of the fiscal year—i. e., October 5, 1882—the stock­
holders approved of the increase of the capital stock of the company to
$20,000,000, divided into. 200,000 shares of $100 each. The object of
this increase was to purchase and cancel the intended issue of $3,200,000 of the income bonds of the Buffalo & Pittsburg division, and for
the purchase of the entire capital stock of the Perry Railroad Co. and
the Brockwayville & Punxsutawney Railroad Company, and also to
purchase the entire capital stock of the Rochester & Pittsburg Coal &
Iron Company. This latter corporation owns the most desirable coal *
fields in Jefferson County, Pa., has $300,000 cash working capital, and
no bonded or floating debt. The $4,000,000 of capital stock of the
Rochester & Pittsburg Coal & Iron Co. which our company now owns
and holds in its treasury as an asset, is a most valuable acquisition, as
it renders our company always sure of having a large coal tonnage
at good paying rates.” In the year ending Sept. 30, 1882, gross eamings were, $305,988; net, $101,580. (V. 35. p. 7 1 ,7 9 ,9 5 , 103,104,
133,162,266, 291, 313, 393, 546, 638, 677, 707, 763; V. 36,p. 3 8 ,
109,591.675.)
f
tf
Rock Island <£ Peoria.—July 1,1882, owned from Rock Island, 111., to
Peoria, 111., 91 miles. This is the Peoria & Rock Island, sold in fore­
closure of the first mortgage April 4,1877, the bondholders becoming
the purchasers. Capital stock, $1,500,000. Gross earnings, 1882, $405,263; net earnings, $64,918, out of which a 5 per cent dividend was
paid on the stock.
Rome Watertown <&Ogdensburg.—Sept. 30,1882, owned from Rome to
Ogdensburg, 141 m iles; branches: To Cape Vincent, 24 miles; to Pots­
dam, 24 miles; Oswego to Lewiston, 146 miles; Sandy Creek toSyracuse,
45 miles; leased Oswego & Rome RR.,29 miles; Niagara Falls Br. RR., 8
miles ; total owned, leased and operated, 417 miles. It was a consolida- .
tion Oct., 1861, of the Watert’n & Rome and the Potsdam & Watertown
railroads. The Lake Ontario Shore Railroad was foreclosed Sept. 22,
1874, and transferred to this company January 15,1875. The Syracuse
Northern was foreclosed, and purchased by this company August 1,
1875. The Oswego & Rome was leased January 1,1866, at 8 per cent
on stock and interest on bonds. The Niagara Falls Br. road was leased
Nov. 1,1881, at 7 per cent on its stock of $250,000. The company was
in default on coupons of the consol, bonds since April 1,1878, and
allowing the prior liens to stand, gave for the consol, mort. new bonds
bearing 5 per cent; also funded the 33 ^ per ct. overdue interest (to
July, 1882,) into 7 per cent income bonds; also assessed 10 per cent cash
on stock to pay floating debt, and gave income bonds for the assess­
ment. In June 1883 the control was changed, and Del. Lack. & W.management ceased. Opera,tions and earnings for three years past w ere: .
Passenger Freight (ton)
Gross
NetYears.
Miles.
Mileage.
Mileage.
Earnings. Earnings.
16,402,043
43,538,148
$1,467,894 $487.738
18798 0 .409
1880- 8 1 .........409
17,417,353
45,887,851
1,510,442
284,088
1881- 8 2 ........ 417
19,223,584
54,470,111
1,814,495
401,581
—(V. 35, p. 538; V. 36, p. 82,186, 652.)
Rutland.—July 1, 1883, owned from Bellow’s Falls, Vt., to Burling­
ton, Vt., 120 miles. This road has been through many changes. It was
leased to the Central Vermont in December, 1870, for 20 years, but the
lessee became insolvent, and finally a modification of the lease was
made, giving $250,000 per year as a minimum rental and $8,000 for
organization expenses. The bondholders agreed to accept 5 jier cent
bonds in exchange for equipments and 6 per cent bonds in lieu of 8
per cents. The 5 per cent 2ds are a first mortgage on rolling stock and
personal property. The common stock is $2,480,600 and preferred
$4,000,000. One dollar per share paid on preferred stock August,
1882. (V. 33, p. 154; V. 35, p. 12 4 ; V. 36, p. 170 ; V. 37, p. 127.)
Sabine <&East Texas.—Sabine to Boon’s Ferry, Tex., 104 miles; thence
to Shreveport. La. About 105 miles completed to July, 1882. $2,600,000 bonds authorized on Sabine Division. (V. 35, p. 237, 487.)
Sabine Pats & Texas Worth.—Line of road, Marshall, Tex., to Sabine
Pass, Gulf of Mexico, 218 miles. Road under construction. Stock.
$4,000,000,
Sacramento <£ Placerville.—Dec. 31, 188?, owned from Sacramento,
Cal., to Shingle Springs, Cal,, 48 miles. This was a consolidation of
the Sacramento Valley and the Folsom & Placerville railroads, April
19,1877. Capital stock ,-$1,756,000. Gross earnings, 1881, $85,707;
net, $35,564; gross, 1882, $96,531; net, J$ll,106. Leland Stanford,
President, San Francisco^ BUDGE-Wr.YH3aKa3KEiteaB»KiinCf KAbB B I
- M EX
IHHr

RAILROAD STOCKS AND BONDS.
;[Tol. xxxvm.




ÀUOTTST, 1853. J

R A ÍL E O A D

STO CK S

AND

BON DS.

ix i

Subscribers w ill cimfer a great .favor by* giv in g im m ediate notice o f any error discovered in ]tliese T a bles.
Bo nets—Princi­
INTEREST OR DIVIDENDS.
DESCRt I'TION.
pal,When Due,
Miles Date Size, or
Amount
Rate per When Where Payable, and by Stocks—Last
of
Par Outstanding
For explanation of columu headings, &c., see note^ of
Cent.
Road.
Whom.
Dividend
Bonds
Payable
Value.
on first p a g1 of tallies.
Rome Watertown <&Ogdensburg—Stock....................
1st sinking fund mort., Wat. & R. (extended). . . . .
General mortgage, sinking fund........ ....................
2d m ortgage...........
............................... ............
Oonsol. mort., (extended July, 1882, at 5 per ot.).
Income bonds.................................. ......... .................
Syracuse Northern (gold). . . . — .............................
Rutland—General mort. (8 per cent, reduced to 6»..
New 2d mort. in exch. for equipment bonds, &c.
Sabine <&East Texas—Stock ($4,000,000)..................
Sabine Pass & Texas North—1st M. ($3,500,000) .
Sacramento <£Placerville -1st mortgage (S. Y. RR.).
lstmortg&ge (S. & P. R R .)............................-«■—
Saginaw Valley & St. Louis.—1st mortg., coup........
St. Johnsbury <£L. Champlain—1st M.,ooup. or reg.
St. Joseph <&St. Louis—1st mortgage................. . . . . .
St. Joseph £ ’Western—l e t M. St. Joseph & Pacific..
2d m ortgage..___~ ............................................. .
Kansas & Nebraska, 1st m ortgage.........................
Kansas & Nebraska, 2d mortgage...........................
Hastings & Grand Island, 1st mort................ .'___
Si. Louis Alton <£•Terre Haute—S tock ................
Pref. st’ek (7 cumulative)......................................
1st mortgage (series A) sinking fund.. 1 ■§
f
1st mortgage (series B) sinking fund.. I .a 2 j* 9
2d mortgage, preferred (series C)........ ( . . . P ® I
2d mortgage,preferred (series D )........ [
)
2d mortgage, in co m e ........................... gg'&pg
Equipment mortgage.......... ................. J o £ © I
Income bonds, not cumulative .. ...........................
St. Louis £ Cairo—1st M., income (not cumulative)
St. Louis Ft. Scott <6 Wichita—1st M. ($15,000 p. m.)
St. L. Han.d K.—1st M . conv. till ’87 ($12,000 p.m.)
St. Louis Keokuk £N.W .~ Stock($l,350,000 is pref.)
1st mortgage, gold..........................................
Income bonds............. .......................... ..........

409
97
190
190
409
45
120
120
105
48
29
120
76
112
112
115
115
25
195
207
207
207
207

144
85
183.
135
135

$100 $5,293,900
418,300
100 &c.
1,021,500
500 &c.
1,000,000
1,000
5,498.000
1,000
2,094,260
1,000
500,000
1,000
1,500,000
100 &o.
1,500,000
100 &c.
300,000
1882
(?)
400,000
1855
1,000
700,000
1877
1,000
446,000
1872
1,000
600,000
1880
1,000
358,000
1874
100
1,900,000
1876 100 &c.
1,200,000
1876
1.900,000
1876 100 &c.
1,200,000
375,000
1,000
100 . 2,300,000
2.468,400
100
1,100,000
1864
1,000
1,100,000
1864 500 &c.
1,400,000
1864
1,000
1,400,000
1,000
1864
1,700,000
1861 500 &c.
300,000
1870
1,000
1,357,000
1881
1.000
2,600,000
1881
1,000
1880
(?)
916,931
1877 100 &c.
2,700,000
1,000
1,620,000
1876
1,000
1.000
1876
1.080.000

1855
1861
1872
1874
1882
1871
1872
1878

Saginaw Valley £ St. Louis.—Dec. 31, 1882, owned from Saginaw
to St. Louis, Mich., 39 miles. Opened January, 1873. Has a traffic
guarantee from Michigan Central. Capital stock, $264,804. In 1882,
ross earnings were $109.328; net $35,225. Interest payments, &c.,
35,680. In July, 1879, management was transferred to the Detroit
Lansing & Northern.
St. Johnsbury £ Lake Champlain.—July, 1882, owned from Lunen­
burg, Vt., to Maquam Bay, 120 miles. This was the Portland & Ogdensburg, Vermont Division, and was reorganized under this title in 1880.
Preferred stock, $1,298,500; 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, 3 2 7 ; V. 35, p. 182, 2 6 4 )
St. Joseph £ St. Louis.—St. Joseph, Mo., to No. Lexington, Mo., 76 miles.
Present company is successor to the St. Louis & St. Joseph Railroad, sold
in foreclosure February 8,1874. Has no funded or floating debt. -The
St. Louis Kansas City & Northern took a lease of the road for 99 years
July 1,1874. The terms of the lease are an armual payment of $35,000
for five years and then 30 per cent of gross earnings, but $25,000 guar­
anteed. Stock, $100,000.
St. Joseph <& Western.—Line of road: East Division—West St. Joseph,
Kan., to Marysville, Kan, 112 miles; West Division—Marysville, Kan.,
to Hastings, Neb., 115 miles; Hastings & 'Grand Island road, 25 m iles:
total, 252 miles. This is a reorganization of the former St. Joseph A
Denver City road, which went mto the hands of a Receiver in 1874
and was sold in foreclosure in November, 1875. Qu the foreclosure
of the two divisions two companies were organized, the St. Joseph
.& Pacific and the Kansas & Nebraska, with, bonds as above. These
wero consolidated as St. Joseph & Western, the stock is $4,100,000,
par $100. The present bonds have no lion on lands, as the land
grant of 300,000 acres was put in hands of trustees for the benefit of the
holders of the old land scrip of $2,250,000. The road is controlled by'
the Union Pacific and the coupons on bonds are not paid. The U. P.
holds $1,536,200 of the stock of $1,100,000 and $i ,303.369 rit. Joseph &
Pacific 1st mortgage and $1,1 L4,661 Kansas & Nebraska 1st mortgage.
In 1882 net earniogs reported as $11,651, against $34.26 5 in 1831. See
statement in V. 36, p. 705. (V. 35, p. 212; V. 36, p. 561, 675, 7 0 5 ; V.
37, p. 151.)
St. Louis Alton £ Terre Haute—Dec. 31,1882, owned from Terre Haute,
Ind., to East St. Louis, 189 miles; branches, 19 miles; leased lines—
Belleville & Southern 111. RR., 56 miles; Belleville & Eldorado road, from
Du Quoin to Eldorado, 50 miles; total, 314 miles, This company'
was a reorganization, February 18, 1861, of the Terre Haute Alton
& St. Louis Railroad. The Belleville & Southern Illinois is leased to tlris
company for 999 years from Oct. 1, 1866. The main line (St. L. Alton
& Terre Haute) was leased Nov. 1, 1882, to the now Indianapolis & St.
Louis Railway and the Cleve. Col. Cinn. & Indianapolis jointly. Under
this new lease the rent guaranteed is $450,000, and 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 of
gross’«earning8 over $1,750 000.
This company, in July, 1882, obtained a decision in its favor against
the two solvent lessee companies for $221,624 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 1882, $238,93o. The Belleville & Eldorado
was leased for 985 years from July 1,1880, at a rental of 30 per cent on
the gross earnings, but $15,400 per year guar.
Of the first rnortg. bonds $636,000 are held in sinking fund; of the
equipment bonds $246,000 are owned by .the company. The pre­
ferred stock has a prior right to a cumulative dividend of 7 per cent
before any is declared on common. It is also convertible into com­
mon at p a r; 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 tho preferred stock and afterward settled the re
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, 5 7 2 ; V. 35, p,
79,162, 297, 405, 658, 737; Y. 36, p. 6 3 3 , 561.)
St. Louis £ Cairo.—Dec. 31, 1882, Cairo & St. Louis owned from
Cairo, 111., to East St. Louis, 111. (3 ft. gauge), 147 miles. Default made
April 1,1874. Sold in foreclosure July, 1881, and bought in, in behalf
o f 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 £ Wich ita.—From Fort Scott to Eureka, Kan., 100
miles, 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 £ Keokuk.—Dec., 1882, owned from Hannibal,
Mo., to Gilmore, on Wab. St. L. & Pacific, 85 miles. Stock, $1,636,000.
Earnings for 1881, i$34,094; net, $5,040. In 1882 gross, $81,651;
net, $31,070. W. W. Walker, President, Hannibal, Mo. (V. 35, p. 161^;
V. 36, p.427.)
.
St. Louis Keokuk £ Northwestern.—Deo. 31,1882, owned from Keokuk,
ia., to St. Peters, 135 miles; leased Keokuk to Mt. Pleasant, 49 m iles;

f




3
7
7
7
5
7
7
6
5
. .. .

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

J. & J.
M. & S.
J. & D.
J. & J.
A.^& 0.
Jan’ry
J. & J.
M. & N.
F. & A.
___
J. & J.
J. & J.
J. & J.
M. & N.
A. & O.
M. & S.
J. & J.
J. & J.
J. & J.
J. & J.
J. & J.

N. Y., Farm. I.. & T. Co. July 15,1875
do
do
Sept. 1, 1910
do
do
Deo. 1, 1891
do
do
Jan. 1, 1892
do
do
July 1, 1922
1932
N. Y., Farm. L. & T. Co.
July, 1901
Boat., Bk. of Redempt’D Nov. 1, 1902
do
do
1898
London and New York.
N. Y. Central Pao. RR.
do
do
New York, 9th Nat. Bk.
Boat., Am. L. & Tr. Co.
New York.
New York.
do
do
do
do

Jan." " l ,‘ 1912
1875
1907
May 1, 1902
Oct. 1, 1910
1891
Jan. 1, 1915
Jan. 1, 1915
Jan. 1, 1915
Jan. 1, 1915
Jan. 1, 1910

N. Y., Office 37 Wall st.
do
do
J. & J.
do
do
A. & O.
do
do
F. & A.
do
do
M. & N.
do
do
M. & N.
do
do
M. & S.
do
do
June T
A. & O. New York or London.
New
York,
Moran
Bros.
A. & 0.
A. & O. N. Y „ Nat. City Bank.

May "£,‘ 1883
1894
1894
1894
1894
1894 1
1880
i
Jan. 1, 1894
1921
Oct, 1, 1910
Oct. 1, 1917

... .

Jan. 1, 1906
Jan. 1, 1906

7 g. J. & J.
J. <fc J.
7

total operated, 184 miles. The Mi3s. Val. & Western RR. was sold April
14, 1875, and this company organized July 1,1875. Road completed in
autumn of 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 Deo. 31, 1881,
$368,435: gross expenditures, $488,132, including $88,876 for new
work, and $30,821 loss by floods. In 1882 gross earnings, $411,525;
gross expenditures, $460,939. (V. 33, p. 256.)
St. Louis Salem & Little Rock.—Dec. 31,1882, owned-frbm Cuba, Mo
to Salem, Mo., 42 miles, and branches, 13 miles ; also 17 miles of branches
controlled ; total operated. 72 miles. Reaches St. Louis by St. L. San
F. RR. Stock is $1,000,000. Earnings for 1881 on 52 miles were $170,575 : net. $107,115. In 1882, on 54 miles, $160,018 net, $10 ',057.
St. Louis £ San Francisco.—Dee. 31, 1882, owned from Pacific to
Seneca (main), 292 miles; branches—Granby branch, He miles; Orongo,
Mo., to Joplin, 10*2 miles; Girard to Galena, Kan., 47 miles; Carbon
Branch, 3 miles; Peirce City to Wichita, Kan., 218 miles; Plymouth,
Mo., to Fors Sqiith Ark., 1321a miles; Springfield to Ozark, Mo., 19
miles; total operated December 31, 1862, 725 miles. This com­
pany was organized Sept. 20, 1876, as successor to the Atlantic <&
Pac. in Mo. The latter was chartered by act of 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 & Pacifie
road Oct. 25, 1870. The South Pacific Railroad had a grant of landa
by act of Congress June 10,1852, of 1,161,205 acres. The Atlantic &
Pacific received about 507,000 acres of land. The South Pacific landa
showed 405,74 i acres on hand January 1,1883. Atlantic & Pacific lands
showed -0,479 acres on hand at same date, and for these lands
(A. & P.) the second mortgage bonds, class B, are receivable in pay­
ment. The interest on bonds “ B ” and “ C ” is 5 for 1883 and 6 after­
ward. The trust bonds of 1880 are secured by deposit of 7 per cent
mortgage bonds of the St. Louis Arkansas & Texas RR. and Joplin RR.
Tho general mortgage of 1831 (supplemented by that of June, 1832,
changing the rate of interest to 6 per cent) for $30,000,000 is made to
the United States Trust Company as trustee, and $17,261,000 reserved
to take up all prior debt. First preferred stock has prior right to 7 per
cent (non-cumulative) ; then pref. entitled to 7 per cent ; then common
entitled to 7 ; then all classes share in any surplus. The pref. and 1st
pref, also by tbe terms of a resolution of the board of directors (ex­
pressed in the certificates) had a precedence for income over any mort­
gages m ule subsequent to the creation of said stocks.
On January-31, 1880, au agreement was entered into with tho
Atchison Topeka & Santa Fe for construction of a through line to tho
Pacific coast on the parallel from Albuquerque to San Francisco. Tho
road was to cost $25,000,000, and to he built under the old charter
of the Atlantic & Pacific Railway. Three trustees—John A. Stewart,
of tue U. S. Trust Company, Warren Sawyer and H. P. Kidder, of Boston
—were appointed to hold the stock in trust. The voting power was to bo
vested in six directors of each road. The road was partially built,
when in Jauuary, 1882, a large interest Jn the stock ol the St. Louis
& San Francisco 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
Rivet to a junction with the Southern Pacific, i
Tho annual report for 1882 (Chronicle . V. o6,p.310) had the following;?
1882.
1880.
1881.
$
$
$
Earnings—
424.102
665,331
741,388
Passenger ............................
2,342.610 2,648,383
2,180.333
Freight.................. ..............
152,582
182,469
93,936
Mail, express, & c...............
Total gross earnings....
Net earnings.

2,698,371
1,506,169

3,160.523
1.617,966

3,572,240
1.025,781

1.192.202

1.542.557

1,946,45»

1880.
$
1.192.202
25,598

1881.
$
1.542.557
50,648

1882.
$
1.946,45»
56,857

1,217,800

1,593,205

2,003,316

705,950
101,254
157.500
105,022

821,492
109,865
315,06 3
162,57 5

1,071,815
49,026
315,000
63,913

ACCOUNT.

Receipts—
Net earnings...................................
Other receipts..... ..........................
Total net income.....................
Disbursements—
*
.
Interest on debt and sinking fund
Int. accrued, not due, to Dec. 31.
Dividends..................... ........ .........
Miscellaneous.......... . .....................

1.499,754
1,069,726 1,408,932
184,273
503,562
148,074
Balance, surplus.......................
—(V. 33, p .5 2 8 ; V. 34, p 62. 99. 116 147, 196, 3 1 3 ; V. 35, p. 133,
237- 266, 291, 339, 546, 577; V. 36, p. 18, 197, 301, 3 1 0 , 44 ..)
St. Louis Vandalia £ Terre Haute—October 31, 1882, owned from
East St. Louis to Indiana State line, 158 miles. Road opened July l f
1870 It is leased to the Terre Haute & Indianapolis Railroad at a rental
of 30 per cent of gross earnings. FOr the year ending October 31 1882*

P lx ii

RA1LK0 AD STOCKS AND BONDS

[ V o l . X X X V II,

Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in these Tables.
Ronds—Princi­
DESCRIPTION.
INTEREST OR DIVIDENDS.
pal,When Due.
Miles Date Size, or - Amount
For explanation of column headings, &o., see notes of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of .
on first page of tables.
Dividend.
Road. Bonds Value.
Whom.
Cent. Payable
St. Louis Salem & Little Rock—1st mortgage............
St. Rouis <t San Francisco.—Stock, com m on............
Preferred, 7 per cent, not cumulative................
1st preferred^ 7 per cènt, not cumulative...............
1st mortgage (South Pacific), gold, (land grant)...
2d mortgage bonds, A ...............................................
do
do B, gold......................................
do
do C, gold.....................................
Equipment mortgage, gold.................................... .
Mortgage on Mo. & Western RR., gold ..................
Trustbonds.................................................................
St. Louis Wichita & Western.................. »................
Gen. mort., gold, coup, or reg..................................
St. Louis Vandalia <&Terre Haute—1st M. s. f. guar
2d mort., sink, fund ($1,600,000 guar.)................
St. Paul <t Duluthr-Preferred 7 per cent stock.......
1st mort, bonds, coup, or reg...................................
SU Paul Minneapolis & Manitooa—Stock..................
2d M., and 1st on road from St. Paul to Watab —
1st mort, land grant sinking fund, gold................
2d mort., gold........................... .................................
Dak. Ext., 1st mort., gold ($12,000 per mile)........
Consoi mort., gold (for $50,000,000), coup, orreg.
Minneapolis Un. R 1*., 1st mort., gold, guar..........
St. Paul & \orthtm Pacific.—1st mort., gold___ _
Sandusky Mansfield <£- Sëwark—Re-organized stock
1st mortgage, new.......... : .........................................
Savannah Florida <6 West.—Consolidated 1st mort.
Southern Georgia & Florida, 1st mortgage............
do
do
2d mortgage............
Savannah Griffin <£N.Ala.—1st mortgage................
Schenectady <&Duanesburg—1st M., guar. D. & H . .
Schuylkill Valley—Stock..............................................

725
293
293
293
233
84
100
145
All
158
158
182
182
169
1,312
76
656
656
413
1,312
152
116
116
93
286
58
58
60
14^
19

1872

$ -„ ..

1868 500 &c.
1876 100 &c.
18/6 500 <fcc.
1876 500 &o.
1,000
1880
1,000
1879
1,000
1880
. --.
1879
1,000
1881
1,000
1867
1,000
1868
....
1881
1862
1879
1879
1880
1883
1882
1883
Ì869
1867
1869
1869
1871
1874
. .. .

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

the total Income was $478,837, and the year’B charges against this sum
were $350,493; leaving a surplus for the fiscal year of $128,343, which
was applied to the repayment of advances heretofore made to this com
pany by the lessee, leaving the surplus of profit and loss, Oct. 31, 1882,
$19,368. Loss to lessee in 1879-80, $19,822 ; in 1880-81, $281,080; in
1881-82, $70,272. The annual report for 1881-82 w a s. published
in the Chronicle, Y. 36, p. 79. The first mortgage and $1,000,000
of second mortgage bonds are guaranteed by the lessees and
also by the Pitts. Cm. & St. Louis Railroad and the Col. Chic. & I. C. Co.
The stock is $2,383,016 common and $1,544,700 preferred. The preleried was issued for income bonds ($1,000,000) and for deficiencies
made up by the lessees. Thos. D. Messier, President, Pittsburg, Pa,
Operations and earnings for five years past were as follows:
Passenger
Freight (ton)
Gross
Net
Mileage.
Earnings.
Miles.
Mileage.
Earnings.
Years.
13,092,370
$158,685
.. 78
158
58,722,821 $1,054,627
1877294,272
12,974,971
.. 79
158
16,424,189
1,244,643
187817,309.919
.. 80
158
96.544,226
446,018
18791,552,801
19,161,449
.. 81
158
107,089,535
188,574
1,565,515
188018,311,812
408,566
1881-82 158
115,982,845
1,596,126
-<Y. 32, p. 71, 1 2 0 , 289; V. 33, p. 357; V. 34, p. 6 2 ,1 7 4 ; V. 36, p. 79 )
St. Paul <6 Duluth.—Line of road, St. Paul, Minn., to Duluth, Minn., 156
miles; branch to Knife Falls. 6 m iles; leased: Taylor’s Falls & Lake
8up., 20 miles; total, 182 miles. O n Aug. 1,1882, began to operate the
road fi om Minneapolis to White Bear. This wasthe Lake Sup. & Miss RR.,
opened Aug. 1,1870, and leased to the No. Pac. Default made Jan. 1 7 5 ,
and road sold in foreclosure May 1,1877, and reorganized June 27th.
The preferred stock is received in payment for lands at par. Three
shares of common stock have one vote, and each share of preferred has
one vote. Pref. stock has a prior right to 7 per cent from “ income from
all sources, including land sales;” 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 the 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,
of which about 1,256,716 acres remained unsold Jan. 1, 1683. In 1881
ross 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. 3 4 2 , 3*77; V. 35, p. 162, 204, 658; V.
36, p. 254, 4 2 5 ; V. 37, p. 152.)
8(. Paul Minneapolis <£ Manitoba.—June 36, 1882, owned from St.
Pa ul to Barnesville, 218 miles; Sabin to Grafton, 127 miles; Glyndon
toLarimore, 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; Breckenridge to Barnesville, 30 miles; St. Paul to
Clearwater, 62 miles; Ripon to Hope, 30 m iles; St Cloud branch, 28
miles ; total, 1,057 miles. In April, 1883, purchased several branch
roads of the Northern Pacific. (See Chronicle, vw-' 36, p. 511.)
This company was organized May 23, 1879, under the charter of the
St. Paul & Pacific Railroad, and embraced the St. Paul & 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 first mortgage trustees as a sinking fund for the redemption of
the bonds at or under 105 and interest, and in April, 1883, about
$750,000 of bonds were called in, the. interest to cease July 1, 1883.
The sboond mortgage bonds do not cover the land. The land sales for
year ending June 30,1882, were 203,343 acres, for $1,108,312, and the
total cash receipts $860,677.' The net amount due on land contracts
was $1,049,423; lands unsold, 2,458,820 acres. The Dakota Extension
bonds are issued at $12,000 per mile. The consolidated mort. bonds of
1883 are 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 new road at $15,000 per mile single track or $27,OoO per mile double
track. The Minneapolis Union RR. 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.
INCOME ACCOUNT.
1880.
*
1881.
1882. .
Receipts—
$
$
$
1,533,461
1,837,817
3,113,916
Net earnings......................
Revenue from Land Departm’t
597,672
223,832
860,677
Other receipts.............................
4,851
4,600
34,259

f

Total income..................
2,135,984
» Disbursements—
Interest on deb t......................... 947,227
Miscellaneous.............................
35,288
Dividends.....................................................
Sinking fund..........................
597,672

2,066,249

4,008,852

1,109,951
223',832

1,188,091
157,812
975,000
702,864

Total disbursements__ ...1,580.194
Balance, surplus................... ... . 555,790

1,333,783
732,466

3,023,767
985,085




$1,000,000
10,500,000
10,000,000
4,500,000
7,144,500
500,000
2,766.500
2,400,000
603.000
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
20,000,000
366,000
5,750,000
8,000,000
5,676,000
10,574,000
1,509,000
5,000,0 0
1,074,832
2.300.000
3.750.000
1,780,500
464,000
200,000
500,000
500,000
576,050

7

A. & O. N.Y., Union Trust Co.

April 1, 1902

3^
6 se.
6 g.
5-6 g.
5-6 g.
7 g.
6 g.
6
6
6 g.
7
7
3ifl

F. & A. N. Y ., Company’s Office.
J. & J.
do
do
M. & N.
do
do
M. & N.
do
do
M. & N.
do
do
J. & D.
do
do
P. & A.
do
do
F. & A. N. Y., U. S. Trust Co.
M. & S. N.Y., Company’s Office.
J. & J.
do
do
J. & J. N. Y., Third Nat. Bank.
M. & N.
do
do
J. & J. N. Y., Fourth Nat. Bk.

Aug. 1, 1883
July, 1888
Nov. 1. 1906
Nov. 1, 1906
Nov. 1. 1906
June 1. 1895
Aug. 1. 1919
1920
. 1919
July 1. 1931
Jan. 1, 1897
May 1, 1898
July 1, 1883

5
2
7
7
6
6
6
6
6
2

F. & A.
New York.
Q .-F . N.Y., J.S.Kennedy&Co.
J. & J.
do
dò
J. & J. New York and London.
A. & 0.
do
do
M. & N. N. Y „ 63 William St.
J. & J.
do
do
J. & J.
do
do
F. & A. New York and London.
IstN. Bk., Sandusky, O.
J. & J. N. Y.. Union Trust Co.

Aug. 1. 1931
Aug. 1, 1883
1892
1909
Oct. 1, 1909
Nov. 1, 1910
July 1, 1933
July 1, 1922
Feb. 1, 1923
(?)
July, 1902

J.
M.
M.
J.
M.
J.

July, 1897
May 1, 1899
May 1, 1899
July 1, 1891
Sept. 1, 1924
July 13,1883

g.
g.
g.
g.
g.
g.

7

7

7
7

7
6
2>a

& J.
& N. New York, H. B Plant.
& N.
do
do
& J. Savannah, Cent. RR.Bk
& S. Del. & Hud. Canal Co.
& J. Philadelphia, Office.

-(V . 35, p. 23, 79,237, 2 6 4 , 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 operar
tion since 1877 from Brainerd, 60*2 miles, to Sauk Rapids. It is now
being extended about 92 miles, from Sauk Rapids to the city of Minne­
apolis. The terminal property comprises twenty acres : t Minneapolis
and 380 acres at St. Paul. The land grant of the company, amounting t o
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 Paoiflc 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 an equal amount
of the above mortgage bonds by the trustee. The stock is all held in
trust by the Farmers’ Loan & Trust Co. (V. 37, p. 24.)
Sandusky Mansfield <£Newark.—Dec. 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
& Ohio, and new lease made February 23,1880, extending to December
1,1926, with option to the Balt. & 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 & 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.—Deo. 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 m iles;
total, 93 miles. This is a consolidation of several companies. Earnings
were: In 1881, gross, $446,972; net, $206,220. In 1882, gross, $505,771; net, $222,987.
Savannah Florida <£- Western.—Dec. 31,1882, owned from Sav., Ga., to
Bainbridge, 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, 2 4 miles; Thomasville to Live Oak, 53
m iles; total, 373 miles. Also from Waycross to Jacksonville, under
separate organizations, 75 miles. This Was a consolidation in 1866 o f
the Savannah Albany & Gulf Railroad and the Atlantic & Gulf under
the latter name. The Atlantic & Gulf road was sola in foreclosure ctf the
second mortgage on November 4,1879, subject to the consolidated mort­
gage and other prior liens amounting to about $2,705,000. The old
sectional mortgages yet amount to about out $260,500. The present
company has a capital stock of $2,109,000, and dividend of 7 per cent
w aspaiain 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. 2 0 0 ; V. 34, p. 147, 4 0 7 ; 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 7 4 )
Schenectady <6 Duanesburg.—From Quaker Street Junction, N. Y., to>
Schenectady, N. Y., 14 miles. Formerly Schenectady & Susquehanna
Railroad, and was foreclosed in 1873; reorganized and leased in per­
petuity to the Delaware & Hudson Cafial Company. Lease rental,
$30.000 per year, paying 6 per cent on bonds. Stock, $100,500.
Schuylkill Talley.—Deo. 31,1882, owned from Palo AltotoReevesdale,
Pa., 11 miles; branches, 8 ; total, 19 miles. It is an old road, and was
eased to the Phila. & Read. RR. from Sept. 1,1861, at an annual rental
of 5 per cent on the stock. Operations are included in the Philadelphia
& Reading reports. Has no bonded debt. (V. 37, p. 152.)
Scioto Valley.—Dec. 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 $10,009,000, 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, $111,901. In 1882 gross earning, $549,255; net, $137,517. (V. 33, p. 93, 102, 736; V. 34, p. 116; V. 35, p.
104; V .-36, p. 254.)
Seaboard <&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,
$236,452; 1880-81, $232,495; 1881-82, $178,587. (V. 33, p. 559; V .
37, p. 128.)
Shamokin Sunbury <6 Leunsburg.—Line from Shamokin to West Milton,
Pa , with iron bridge over Susquehanna River at Sunbury. The road
was built by Philadelphia & Reading for its coal trattio northward»
—{V. 36, p. 561. 675, 699.)
Shamokin Valley <&PottsviUe.—Line of road, Sunbury, Pa., to Mount
Carmel, Pa., 27 miles; branch to Lancaster Colliery, 2 miles; total, 29

A ugust,

1888.]

KAILRÖAD STOCKS AND Ï30KDS.

liO il

Subscribers w ill confer a great favor by g iv in g Im m ediate notice o f any error discovered in these Tables.
DESCRIPTION.
Bonds—Princi­
INTEREST
Miles Date Size, or
pal, When Due.
Amount
For explanation of column headings, &c„ see notes of
of
Par
Rate per When
and by Stocks—Last
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable Where Payable,
Whom.
Dividend.
Scioto Talley—1st mort. (s. fund $13,000 per year).
9« 1876 $500&e. $1,294,000
7
J. & J. N.Y.,Adams & McHarg. Jan. 1, 1896
2d mortgage (sinking fund, $5,000 per year). . . . .
9-i 1879
1,000
177,000
7
A. & O.
do
do
April 1, 1894
Consol, mortgage....................................... ............... 130 1880
1,000
603.000
7
J. & J.
do
do
July 1. 1910
General consol, mortgage (for $7,500,000)........ .
Seaboard <£■Roanoke—Stock......................................... : m
Too
1,302,200
m .'& ’n . Balt.,Farm.& Plant.Bk.
1, 1883
Shamokin Sunbury <£- Lewisburg—1st mort., coupon
31 Ì883
1,000
1,000,000
5
M, & N. Phila., Phil. & Read.RR. May
1, 1912
Shamokin Valley <£ Poltsville—Stock.........................
29 ....
50
869,450 r
3
F. & A.’ Philadelphia,Treasurer. May
Feb., 1883
1st mortgage, gold, on road and lands..................
28 1871 500 &c.
2,000,000 ;
7 g. J. & J.
do
do
July,
1901
Shenandoah Valley—1st mort. ($15,000 per mile).. 144 1880
1,090
2,270,000
7 g. J. & J. N. Y., Clark Post & M. Jan. 1, 1909
General mort., gold ($25,000 per mile).................. 239 18*1
1,000
3,930,000 ,
6 g. A. & O. Philadelphia* and N. Y April 1, 1921
3d mortgage income bonds, registered.................. 239 1833
1,000
1,500 000 ;
Feb.
Philadelphia, Office.
6
Jan. 1, 1923
Shenango & Alleghany—1st mortgage...... ................
57 1869 500 &e.
1, ” 00,000
7
A. & O. N. Y., N.Bk. of Com’roe. 188« & 1907
Shore Line (Conn.)—Stock............ ...........................
50
100
1,000,000
4
J. & J. N. H., Nat. N. H. Bank. July 5, 1883
1st mortgage......................................... ....................
50 1880 1000&C.
4Aa M. & S.
200,000 ;
do
do
March, 1910
Sioux City £ Pacific—1st mortgage............... ...........
102 1868 500 &c.
1,628.000 l
6
J. & S. N. Y .,N at. Park Bank. Jan. 1, 1898
2d mortgage (Government subsidy)..... ................. 102
500 &c.
1,628,320
6
A. & J. U.S. Treas., at maturity Jan. 1, 1898
Somerset—1st mortgage, gold......................................
25 Ì871
100
450,000
7 g. J, & J.
July, 1891
South Carolina—Stock................................................. 243
100
4,2- 4.160
Feb. 1, 1883
1st mortgage, sterling lo a n ........ ....................... .
242 Ì868 Various
729,975 r
5 g. J. & J.
London.
1883
to 1888
lst^nortgage, aollar bonds (L)...........................
242 1868
500
636.500
6
J. & J. N. Y., Nat. Gity Bank. 1883 to 1888
1st consol, mortgage (for $5,000,000)....................
1881
1,000
3,503.<iO(> ;
6
A. & O. N. Y., 76 Wall Street, Obt. 1. 1920
2d consol, mortgage___|........................................... 242 1881
l ,000
817,000 ]
6
J. & S.
do
do
Jan. I, 1931
Income mortgage bonds (not cumulative)...........
1,000
1881
2,538,000 *
6
:Yeariv. Sf.Y., H.TaImadge&; Co Jan. 1, 1931
So. dt No. Alabama—1st M., endorsed by Alabama. Ï8 Ï 1870
1,000
391,000
8 g. J. & J. N. Y., Dtexel. M. & Co. Jan. 1, 1890
Sterling mort., s. fund, guar, by L. & N ............... 183 1873
¡8209
4,872,310
6 g. M. & N. London, Baring Bros. May 1, 1903
South Pacific Coast—Stock..........................................
.... • 1,00* >,000
7d
South Pennsylvania—1st mortgage, g o ld ................
24 ....
625,000
7 g. M. & S.
Mar. 1. 1900
Southern Cent. (N. i .)—1st mort. interest bonds___ 114 1877 200 &c.
100,000
7
F. & A. N Y., Vermilye & Co Aug. 1, 1887
New consol, mortgage (for S3,400,0u0)..... ........... 114 1882 200 &c.
2,8(1‘,<>00
5
F. & A. New York Agency.
Feb. 1, 1922
Southern Iowa <&Cedar Rapids—1st mort., gold___
87 1870
....
1,500,000 1
7 g. M. & N.
May 1, 1900
Southern Maryland—1st mortgage, gold................
__
500.000
6 g.
Southern Pac. o f Arizona—1st mort., gold,op. or reg. 384 ’79-’80 1.000
9,604,000
6 g. J. & J.
New York City.
Mar., 1909-10
South. Pac.(Cal.)—is t mort.,goid.land gr., cp.orreg. 815 •75-’8 l 500 &o. . 32,483,000
6 g. A. & O. N. Y., Mills Building, 1905 A 1912
.....................................
Monterey, 1st mortgage
15 1880 ■ 1,000
5
2.->0,000
A.
&
0.1
do
do
April 1,1900
Southern Pacific o f N. Mexico^—Mort., coup, or reg,. 1«7 1881 : 1.000
4,180,000
6 g. j . & j.,:
Jan. 1, 1911
Southwestern ( Ga.)—Stonk. guarant’o 7 per annum 321
ion
5.031,700
3*9 J. & D.ii
June 26,1883
miles. The road was leased February 27,1863, to the Northern Central under the name of Southern Pennsylvania Iron & Railroad Company,
Bailway Company, with a guarantee of interest on the bonds and 6 per but was sold by foreclosure of second mortgage December, 1872, ana
cent per annum on the stock. The yearly reports, will be found in the reorganized under present name. Capital stoek, $800,000. (V.37,p.49.)
Chkonicle with the reports of the Northern Central Railroad. Geo. B.
Southeni Central (N. Y.)—Sept. 30,1882, owned from Fairhaven. N.Y .
Roberts, President, Philadelphia.
to Pennsylvania State Line, 114 miles. Road forms an extension inti)
Shenandoah Valley.—This road is oompleted from Hagerstown, Md., f
Y°rk State for Lehigh Valley Railroad. Default was made Feb.
southward to Waynesboro and thence to a connection with the Nor­ 1, 1882, and the bonds and coupons'were exchanged for new consols at
folk & Western road at Roanoke, 239 miles and branch 9 miles. A par, the $40( ,000 of guaranteed 2cfs being paid by the Lehigh Valley
close contract for working and an exchange of stock for N. <fe W. stoc“< Co., which received new 5s for them. The new 5s are convertible into
has been made. (See N. & W. report V; 36, p. 194.) The general stock at option of holders within ten years. Capital stoek paid in ig
mortgage of 1881 is at $25,000 per mile to retire the prior mortgages “ 1V.rVA
In
S1’088 earnings were $455,467; net, $149,237;
and to construct new road. The stock is $o,0J6, .00. A 3d income iu 1889 81 *gross
$o26,429: net, $141,141. (V. 34, p. 178; V. 36, p. 427.)
mortgage has been made in 1883 for $2,500,000 to bear 6 per cent if
S rathern. Iowa <&Ced. Rapids.—In progress. Ottumwa to Ced. R., Iowa.
earned. One dollar paid on preferred stook February, 18a2. (V. 06,
p. 511; V. 37, p. 49,100.)
Southern Maryland,—The Southern Maryland Railroad is designed to
extend
from Point Lookout, at the mouth of the Potomac River to
Shenango <& Alleghany.—San. 1, 1883. owned from Greenville to
Hilliard, Pa., 47 miles; branches, 10 mites; total operated, 57 Washington, where it will make connection with the Baltimore & Poto­
mac
Braiich
of the Pennsylvania Road, and with the Washington &
miles. The company made default in 1879, but the October coupons
were paid Feb. 21, 1880. Stock, $200.000. Gross earnings in 188o-8 t Metropoliran Branch of the Baltimore & Ohio Road. The length will be
77
miles.
John
Van Riswiok, President, Washington, D.C. (V. 36, p. 445.)
$140,693; net, $38,099- Gross 1881-82, $171,176; net, $73,855.
Sou./hem Pacific o f Arizona.—'This is the connecting line of the South­
Shore Line ( Conn.)—Line of road. New Haven, Conn., to New London
Conn., 50 miles. Leased to New York and New Haven Railroad Com ern Pacific of California, extending from Yuma to New Mexico boundarv
»an y in perpetuity November 1, 1870, at $100,000 net per annum. 384 unles. The stock is $19,995,000. Operated under lease to Centr‘d.
Faeittc till Nov. 1, 1885, at $135 per mile per month. Rental for 1832
Chartered as New Haven & New London Railroad; sold in foreclosure ip6>4,3o5.
and reorganized under present title June e9, 1864. Dividends 3 ^ in
Jan. and 4 in July. Operations and earnings for two years past were
Southern Pacific o f California,—Dec. 31 owned in Northern Division
as follows: 1879-30, gross, $3)9,111: net, $154,488; 1880-81, gross San Francisco, to Tres Pinos, 100^ miles; Canadero Junction to
$416,620; net, $212,981. (V. 32, p. 559.)
Soledad, eota miles; and leased line, Castrovitle Junction to Monterev
Sioux City & Pacific.—Sun. 1,1843, owned from. Sioux City, la., to 15 miles ; total iu Northern Division, 176 miles. Southern Division'
Fremont, Neb., 107 miles; leased—Fremont Elkhorn & Mo. Vailey RR. Huron via Goshen to Colorado River, 529 miles; Los Angeles via Wil305 miles; total line operated, 412 miles. For the year ending Dec. 31 rmngtou to San Pedro, 25 miles; total Southern. Division, 553 miles*
1882, the gross receipts were $873.562 and deficit after paviug interest total Southern Pacific, m Cal., 730 miles. At Goshen the Southern
and rentals, $192,473. The capital stock is $2,068,400, oi which Div. meets the San Joaquin Branoh of the Cent. Pac., bv which it reaches
$169,000 Is preferred, receiving a dividend of 7 per cent per annum San Francisoo and the main line of Central Pacific. T he line Mohave
(See balance sheet V. 36, p. 220.) A majority is owned by Cedar Rapids Junction t ) Cid irado River, 278 miles, was finished in 1883. (V. 34, p.
The Southern Pacific, at its terminus at Yuma, connects with
As Missouri Railroad Company. Oliver Ames. President, Norm Easton J--*
the Southern Pacific Railroad of Arizona, an independent but closely
Mass. (Y. 34, p. 679; V. 35, p. 71,182, 291,431; V. 3 j, p .2 2 0 , 427.J
affiliated company, some 385 miles, to a junction with the New Mexico
Somerset.—West Waterville, Me., to Apson, Me., 25 miles. Capital Division of 171 miles more to El Paso. Thence the lino runs over the
stock, $877,573. In July, 1883, the bondhol ders took possession and Galveston Hai'risburg <teSan Antonio Extension to San Antonio, and so
prepared to reorganize the oompany. Gross earnings in 1881-82, »n to New Orleans. In Feb., 1883, a Southern Pacific syndicate pur­
$27,792; net, $5,070.
chased the entire interest i u Morgan’s La. & Tex. roads and steamships
South Carolina.—Dec. 31,1882, owned from Charleston to Augusta. including a o rntrol of Hous. & Tex. Cen. stook. The bonds above are in
B. C., 137 miles; branches to Columbia, 68 m., and to Camden, 38 m .; senes A, B, C. D and E. of which A includes $15,000,000 and B, C, D and
total main line and branches, 243 in. A receiver took possession in Sept. L each $5,000,000; there are also two other series. F of $5,000,000 and
1877, at the suit of 2d mortgage bondholders. The sale was made G of $6,000,000; these latter are to be issued for new construction
. July 28.1881. and the road purchased byW. H. Brawley for the com­ (See V. 35, p. 706). Land grant is 12,840 acres per mile, and proceeds
mittee, for $1,275,000 over the first, mortgage debt, and* the company Vi.
8 ° to I,av bonds. The total grant is estimated to furnish
was reorganized with stock and bonds as above.
10,44o,227 acres net. In 1881 the sales were 186,505 acres for $924,101
The average gross earnings per year for twelve years past have been Besides these sales a sinking fund of $100,000 per annum goe8 jnto
$1,250,435, and the average net earnings $464,634, being 37>5 per cent. operation _in 1882. Stock paid in is $36,763,900. The Central Pacific
"The company had in its treasury Jan. 1,1883, for improvements, new Railroad Company has taken a lease of the southern division of this
first consol, mort. bonds, $.0 ,00 0 ; new second, $¡83 Oj O; new third road for a period of five years from January, 1880. By the
inoome, $462,000. The trustees also hot.t 10 take up prior liens terms of the lease, the net rental is $250 a month, or $3,000 a year,
$1,447,000 of first conso'. mortgage and $170,000 of second consol. per mile, and if it shall be reduced by mutual consent, the rental «n»n
Earnings for five years past were as follows:
be at least sufficient to pay interest on bonds. (See article in CmtONicntc,
Years.
Miles.
Gross Earnings. Net Eam’gs. V. 36, p. 353, as to the profits to the lessee company.) In 1881 the net
1878— ........................................ 243
$1,011,861
$371,631 inoome was $156,947 on North. Div. and $1,650,600 rental on South.
1879
..................................... 243
l,052,o23
337,745 Division, and $234,000 from contract with Wells. Fargo & Co., making
.................................... 213
1,217,756
341,962 total income, $2,041,547, out of whioh was paid $1,719,319 for interest
1880
1881
..................- ................ 243
1,233,901
500,951 leaving a surplus of $322,228. (V. 34. p. 178,707; V. 35. d . 79 103
1882
............................ ....... 243
1,313,820
501,190 291, 339, 405, 4 5 4, 578,706; V. 36, p. 70, 170, 212, 352, 471, 591; V.
37, p. 68.)
— (V. 34, p. 222, 345,509; V. 35. p. 638; V. 36, p. 82, 2 2 0 .)
* South, d: NorthAlabama.—June 3 », 18 i'2«.wued from Decatur. Ala., to
Southern Pacific o f New Mexico.—Road extends from Arizona State
Montgomery, Ala., 183 miles, with a branch of 6 miles from Elmore to Lme to the Rio Grande at El Paso, Texas, 167 miles. Operated under
Wetumpka. The road is controlled by the Louisville & Nashville RR, lease to Central Pacific till Nov. 1, 18*5, at $135 per mile per month.
Co., which owns a majority of the stock and the whole of a 2d mort. Rental in 1882 was $285,638. Stock, $6,888,800.
;b ond issue of $2,000,000, due 1910, which are pledged with the Union
Southwestern(Ga.)—From Macon, G a .to Eufaula, 144 miles; has 177
Trust Co. as security for the L. & tf. bonds, d ted June 1.1880 500,000 miles of branches, the main one being from Fort Valley to Columbus, 71
acres of land in Alabama, largely mineral, nave been transferred to the “ ums- A lease was made Aug. 1,1869, to the Central RR. of Georgia
Louisville & Nashville Co. Com nou stock, $1,469,082; preferred stook, which assumes the liabilities and guarantees 7 per cent on the stock,
$2,000,000. In 1881-82 gross earnings were $1,314,115, and net, but 8 per cent is to be paid if 10 per oent is naid on Central stock.
$312,214. against $.221,2 6 in 1 ■>80-81, Disbursements inoluded In June, 1881, $32 per share in 6 per oent debt certificates was declared
$240,199 for construction aud $188.2 ¡5 for •‘Seligman judgment,” by Central Georgia Railroad.
leaving a deficit after ail payments of $ ¡9 ’ , «20 for the year. Amount
Southwest Pennsylvania.—Greensburg, Pa., to Falrohanoe, P., 44 miles.
du e Louisville & Nashville RR. Co., $1,2 76,04 ». (V. 34, p. 162.)
Opened April 1,1873, and leased to Pennsylvania Railroad,* whioh oper­
■South Pacific Coast—December 31, ’ 881, owned from Newark to ates it at cost, paying net earnings as rental. In 1881 gross earnings
.junction (Felton), Cal.. 45 miles* leased-Alameda Point to Newark, were $710,595 and net earnings, $409,038. Interest on bonds and 9
25 miles; Felton to Santa Cruz, 6 miles; total, 74 miles. There are no per oent on stoek were paid out of net earnings of 1882. 5 per oent naid •
; rfqssM
bonds but unfunded debt of *1,943,930. Gross earnings i s 80, $386,- on stook, March, 1883.
469; deficit, $91,023; gross in 1881, $569,96 3; net, $25,993. A. G.
Spuyten Duyvel & Port M orris—Road is 6 miles in length and connects
Davis. President, San Francisco.
the New York Central & Hudson with the New York & Harlem, Leased
South Pennsylvania Railway <6 Mining Company.—South Pennsyl­ to New York Central November 1,1871. Rental is 8 per oent on capital
vania Junction to Richmond, Pa., 21 miles, witm a branch from Rich­ stoek of $989,000. Operations are inoluded in lessee’s returns.
mond to Ore Banks, 2 miles. Leased for 1 *9 years, from March 1,1870
State Line <6 Sullivan —January, 1883, owned from Monroeton Pa. to
;to Cumberland Valley Railroad Company. Road originally organ!"'A Berenice, Pa., 25 miles Originally organized as Sullivan & Erie Ooai A




lxiv

K A IL K O A D

STOCKS A N D

B O N D S,

[ V ol . X X X V II.

Subscribers w ill confer a great favor by giv in g im m ediate notice o f a n y error discovered in illese T ables.
Bonds — Princi­
IN T E R E S T OR D IV ID E N D S .
D ESC R IP TIO N .
pal,When Due.
Miles Date Size, or
Amount
Par
\c or explanation of column headings, &c., see notes of
Rate per When Where Payable,-and by Stocks— Last
of
Dividend.
Whom.
on first page of tables.
Cent. Payable
Road. Ronda Value. Outstanding
1st mortgage.. T................... .....................................

Spuyten Dun nil £ P ort M orris—Stock................ ........
Slate L in e £ Sullivan—1st M., conv. (red’ble aft.’88)
Staten Island — 1st mortgage.. . .................................
Sterling M ountain (N.Y.) — 1st indrt.. income, guar.
Stockton £ Copperopolis — 1st mort., (guar, by C. P.)
Sum mit Branch (Pa.) — Stock........ ............................

1st mortgage bonds..................................................

Biinbuiy & Lewis low /1— 1st mortgage.................. .

1st m ortgage.............................................................

Syracuse Chenango & New York — Funded debt.......
Syracuse Bingham pton £ N. T .— Stock.....................

2d mortgage (uow first)............................. .............
Consol, mortgage (guar. D. L. & W .)......................
Syracuse Geneva £ Corning — 1st mortgage.............
Terre Haute & Indianapolis — Stock............................

Bonds or 1873............................................................
1st mortgage, guar, by Terre Haute & Ind’napolis
Texas Centrât—1st mortgage, g o ld ............................

New mortgage, gold (2d on 143 miles)..................

Texas-Mcxican — 1st mortgage, goici ($15,999 p. m.).
Texas £ N. Orleans o f ’74— 1st mortg. land gr., coup

is t mortgage, gold, coup. (E. D iv .).......................
. 2d mort.Tconsol., gold, coup. (E. D iv .)....................
Income and land îïiort., E. Div.. reg.................... ..
Scripforint.oninc.mort.(red’mable inst’kor land)
1st mort., gold, land grant, Rio Grande Division.
New Orleans Pacific, 1st mortgage..........................
Texas £ St. L ouis in Mo.ds A rk .—1st mort., gold.......
1st mort gage, gold, in Texas ...... ...........................

$ ‘>46,1 **0
962,000
989,000
1Ö0
205,000
1878
1,003
300,090
1873
1,000
475,674
18*1
500
&c.
t
500,000
1875
50
4,010.350
1,000
1.300,000
1874
'500
500.000
1876
500.000
1,000
1,000,000
1870
50 &c.
261.400
1877
100
2,500,000
1875
1,000
270,000
1867
1,000
1,750,090
1876
955,(500
1875
—
600.000
1899
50
1,988,150
101
1,000
1,600,000
1873
50
•500,000
ÌÌ6
1,090
500,000
93 1879
1,000
2,145.000
143 1879
1,900
1,254, 00
84 1881
. . 1881 1,000
2,500,900
1,000
1,620,000
1875
3z,191,500
1,391
1,000
3,969,000
524 1875
1,000
9,131,000
524 1875
8,6-2,000
524 1875 ,1,000
890,090
1880-1
1,000 13,023,000
521 1880
1,000
6,720,900
336 1880
.
1,009
4,'40,000
18-1
590
4, *40,00 »
1881
1.000
2,128.000
266 1880
44

6
21
13
7 34
45
20
20
43 hj
23
23
43
81
81
81
57

1877

1,600

HR. Co., -wliicli was sold in foreclosure Oct, 14,1874, qnd a new company

formed December 2, 1874, under the present name. Stock, $990,00C.
(par $50). The mortgage covers 5,000 acres coal lands. In 1881-82 gross
. amings were $171,348, and net earnings, $30,428.
Staten Island.—Local road on Staten Island, Stapleton to Tottenville,
13 miles. Road was purchased by present owners in 1874, and is
onerated in connection with Staten Island Ferry Company. Capital
Stock, $210,000. Earnings, 1879-80, $291,656; net. $71,388 In 18*0-81
gross, $304,000; net, $80,000. $1 dividend paid August, 1883. (V. 34,
p. 107; V . 36, p. 724.)
S|
d p jS g j
Sterling Mountain (N. T.)—Road runs from Sterlmgton on the Erie
R y. 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 & Copperopolis and the Stockton &
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. B y the terms of the lease the lessee agrees to
pav principal and interest of the bonds. Capital stock, $234,500. The
company previously made default July, 1874, and the $1,000,000 of
bid bonds were exchanged for the present issue guaranteed.
Summit Branch (Pa.)—This company operated the Lykens Valley
R R. through the Northern Cent. RR. Co., and it has a small branch of its
own to Summit Mines, % of a mile. Traffic is almost exclusively coal,
dross receipts in 1882, including coal, $1,368,929; net, $193,293;
Interest and advances, $186,188. . (V. 33, p. 125.)
Sunbury £ Lcwistown.—Selinsgrove Junction to Lewistown, Pa., 43
*r lies. Leased to Pennsylvania RR. for net earnings, which in 1889 were
$95,577; in 1881, $119,240; in 1882, $120,065. Stock, $6(>o,000 and
dividends of 12 per cent were.paid for two years and 7 in first half of
J.OOO.
; Suspension Bridge & E rie Junction.— East Buffalo Junction to Niagara
Falls a n d Suspension Bridge, 23*4 miles. Road opened January, 1871.
I t is leased to New York Lake Erie & Western Railroad Co. at 30 per
cent of gross receipts, which are guaranteed to be not less than $105,000
per annum. Loss to lessees in 1880-81. $17,901. In la81-32, ioss,
$18,296. Lessees own all stock except 297 shares.
'
Syracuse Chenango £ New Y o r k .- Sept. 30, 1882, owned from Syra­
cuse, N. Y ., to Earlville, N . Y ., 43hj miles. The Syracuse & Chenango
Valley Railroad was sold in foreclosure and a new company organized
March 14, 1873, under the name of Syracuse & Chenango Railroads
April 15,1877, road was again sold in foreclosure and present company
organized, which also became embarrassed and passed into the hands of
M r. James J. Belden, January, 1879, as Receiver. In January, 1880,
the road was sold to the Boston Hoosao 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,
$94,111; deficiency after charging out interest account, $26,413. (V.
33, p.178, 716, 736.)
Syracuse Bingham pton £ New York.— Sept. 30, 1882, owned from
Gedde 5, N. Y ., to Binghampton, N. Y ., 81 miles. Chartered as Syracuse
& Bim namptou and opened Oct. 23, 1854; foreclosed and reorganized
April hO, 1857, and leased to Delaware Lackawanna & Western. In
1880-8 1, gross earnings, $1.061,489; net, $597.915; in terest on bonds,
$141.400; dividend, $440 280. In 18*1-82 gross earnings, $1.128,269.
iiet, $538,270; interest, $141,400; dividends, $250,000. (V. 36, p. 141.J
Syracuse Geneva £ 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 $1,200.009. In
1880-81 gross earnings were $513,591; operating expenses, $329,377;
net, $184,214. In 1881-82 gross earnings, $538,943; net, $42,954.
Terre Haute £ Indianapolis.—Oct. 31,1882, owned from Ind’napolis to
Til. State L.. 80 m., with coal branches, 34 m.; total, 114 m. The road was
opened in 1852 (as Terre Haute & Richmond). The company leases
and operates the Terre Haute & Logansport RR., also the St. Louis
Vandalia & Terre Haute Road on joint account with the Pittsb. Cm. & St.
Louis RR., at 30 per cent of gross earnings, but guarantees the first and
second mort. bonds. In 1881-82 gross earnings, $1,285,413; net earn­
ings, $ 133,311; total net income, $483,842; interest and 8 per cent divi­
dends, $271,052; surplus, $212,790; loss on T . & L. Jease, $136,928;
loss on St. L. V. & T . H., $14,054; balance of income, $61,807.
Terre Haute £ Logansp.— Oct. 31,1882, owned from Logansport, Ind.,
to Rockville, Ind.. 94 miles; leased, Rockville to Terre Haute, 2z miles.
Total operated, 116 miles. Formerly Logansp. Crawfordsv. & Southw.,
which was sold in foreclosure Sept. 10, 1879, and reorganized under
present name. Leased by Terre Haute & Indianapolis Railroad for 25
ner cent of gross earnings, and first mortgage bonds guaranteed by
that company. Rental, I6fe0-81, $64,649; in i881-82, $80,813.
• Texas Central.—Line of road from Ross, in McLennan Co., to Albany,
Texas, 177 miles; Garrett to Roberts, 52 miles; total, 229 miles. Gross
' earnings on 143 miles in 1880-81, $247,707; net, $128,6*0. 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.)
Tcxa*-Mexican — Owns from Corpus Christi. Tcx „ to Laredo on the Rio
Grande, 165 miles. Charter covers 1,400 miles in ail. Under same con­




5
7
4
7
7
7
o
3
7
7

M. & S.
F. & A.
J. & J.
.). & J
A. & O.
Feb.
J. & J.
F. & A.
J. & J.
J. & ,1.

7
7

J. & J.
F. &. A.
F. & A.
J. & D.
A. & O.
M. & N
M. & S
F. & A.
A. & O.

(D
7

7
7
5
4
7

6
J. & J.
7 g. M.. <fe N.
7 g. M. & N.
6 S- J. & J.
F. & A.
7
- ■
6 g. M. & S.
6 g. I. & D.
July.
7

Phila. and Greensburg.
New York.
N. Y ., Uuion Trust Co.
N .Y ;; Company’s Office.
New York.
N Y ., Central Pacifie.
Phila., 233 So. 4th St.
do
do
Phila., Guar. T . & D. Co
N. Y . Lake Erie & West.
Syracuse Savings Bank.
N.Y., D. L. & W. RR. Co.
do
do
do
do
N.Y.,Farmers’ L.& T.Co.
N.Y.,Farmers L.& T.Co.
do
do

March, 1883
Feb., 1917
Ju ly, 1883
Jan. 1, 1899
A pril L, 1893
Ju ly 7. 1895
J anuary. 1905
Feb. 16,1876
Jan. 1. 1904
Ju ly 1, 1896
Yearly.
Ju ly 1, 1900
Aug. 1. 1907
Aug., 1883
June, 1887
Oct. 1, 1906
Nov. 15,1905
Mar. 1, 1900
Aug. 1. 1883
1893

V.Y., Farmers’L.& T.C o.
1910
N. Y ., J. J. Cisco & Son. Nov. 1, 1909
do
May 1, 1911
Ju ly 1,1921
N. Y ., 54 Exchange PL Aug. 1, 1905
Phila., N. York &London Marcn 1, 1905
do
do
June 1, 1905
New Yòrk& Philad’phia Jan. 1, 1915

fig. F. & A. N.Y., Mercantile T r. Co.
do
do
6 g. J. & J.
6 g. M. & S X.Y.,Nat.Bk.of Com’rce
6
March.
6 g. J. & D. N ’Y .Nat.Bk.of Com’rce

Feb.
Ju ly
Oct.
Oct.
June

1,
1,
T,
1,
1,

1930
1920
1911
1911
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 £ hew Orleans w f 1874).— Houston, Tex., to Orange (Sabine
River), 106 miles. In August, 1881, this company acquired the La. &
Western from Veruiillionville, La., to Orange, Texas, 112. miles,
in Aug., 1882-, it was voted to increase the stock to $5,000,000, for the
purpose of acquiring the Sabine & East Texas road. This was a reorga­
nization, 1874, of the old Texas & 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 £ P a c if ic -(S e e M a p » P a g e x l v ) .— June 30,1882, operated
from Texarkana U* F o rt 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 E l 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 & Pacific was built under act of Congress of Maroh 3,1871,
and other acts in 1872 to ’74, and the laws of Texas. This company suc­
ceeded to the right of the Memphis E l Paso & Pacific Railroad and other
companies. B y a contract made in January, 1880, with the Pacific
Railway Improvement Company, the road was extended towards E l
Paso on the Rio Grande, to meet the Southern Pacific of California, with
$25,000 in bonds and $25,000 in stock per mile of road. The Fidelity
Insurance Trust & S. D. Co. of Philadelphia are Trustees of the Rio
“Grande Div. mortgage. The stock authorized is $50,000,000. A con­
solidation with New Orleans Pacific, share for share, was voted in May,
1881. From the State 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 Grande 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 fl
located.
.
Toe interest scripts 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 for 13 months ending June 30,1882, was iuthe C h k o n ic l e ,
Y. 33. p. 319, which should be referred to; the earnings were only made
on the 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. $1,313,291, (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, 3 19, 517; V. 37, p. 49, 68.)
Texas £ St. L ouis in Missouri and Arkansas. — Narrow-gauge road
from Birds Point, Mo., opnosite Cairo, 111., to Texarkana, Tex., 419
miles,“and thence by the “ Texas & St Louis RR. in Texas” to Gatesville, 301 miles; total, main line, 723 miles; branches, P a w P a w to
New Madrid, 6 miles; McNeil to Magnolia, 6 miles; total, 735 mileB,
Capital stock is $9,582,500 (par $100), which amount includes $3,945,OOo deposited in trust to take up a like amount of the old stock of the
Texas & 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. The 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 the 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 Chkonicle , 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. 18, 454, 561, 675, 676, 7 3 1 V .
37, 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 Sealey, 52 miles, connecting with Gulf Col. & S. Fe RR,
Stock authorized, $3,000,000. Land grant 10,240 acres per mile. Fred.
D. Grant, President, N. Y . City.
T ioga —September 30,1882, owned from Arnot, Pa., to State line New
York, 44 miles; branch, BlosSburg, Pa., to Morris’ Run, Pa., 4 miles;
leased, Elmira State Line Railroad, State line New York to N. C. Rail­
way Junction. 7 miles; and Arnot & Pine Creek RR., Arnot to R oytvilie, P a.,12 miles; total, 67 miles. Controlled by N. Y. L. E. & W.
The stock is $391,200 common and $189,700 preferred. In 1880-81,
gross earnings, $493,365; net, $187,900; in 1881-82 gross, $562,335;
net, $197.913. (V. 35, p. 313.)
•
Toledo A n n A rbor & Grand Trunk.—Dec. 3 1 ,1SS2, owned from Toledo,
O. , to So. Lyon8, Mich., 61 miles. A consolidation, Oct., 188u, or Toledo
& Ann Arbor and Toledo Ann A. & Northeastern railroads, connecting
with Grand Trunk of Canada.; Annual report in V. 37, p. 98. Stock,
$1.900,000. In 1832 gross receipts, $178,232; surplus over interest,
$175. '(V. 37. p 98,152.)
■ Toledo Canada Southern £ Detroit.—Toledo. Ohio, to Detroit (G .
T . Junction), Mich., 55 miles. Road opened September 1,1873. Oper-

A ugust ,

1883.]

R A IL R O A D

STOCKS

AKD

BONDS.

lx v

Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in tbese T ables.
B o n d s — Princi­
IN T E R E S T OR D IV ID E N D S .
D ES C R IP TIO N .
Miles Date Size, or
pal,When Due.
Amount Rate per When
Par Outstanding
of
For explanation of column headings, &c., see notes of
Where Payable, and by Stocks — Last
Cent. Payable
Road. Bonds Value.
Whom.
Dividend.
on first page of tables.
Texas <&St. L ouis in Mo. <£■A rk .—( Continued) —

2d mort.,income bonds. 1st mort. on la n d -........
General 1st mort., gold, in T e x ...............................
General 1st mort. land grant and income bonds .
Texas Western (N. G .)— 1st mortgage............... . . . . .
Tioga E E .— 1st mortgage, due 1882 and extended.
Consolidated mortgage___.*.............................. .
Extension bonds......................................................
Toledo A n n A rbor <£ Grand Trunk—1st mort,, gold.
Toledo. Canada Southern <6 Detroit — Stock................
Toledo Cincinnati <&St. Louis — S to ck ................... .
1st mortgage, gold..... .................................. ..........
2d mortgage, income, not cumulative....................
Tol. Del. & B., 1st mort., Tol. toK ok
2d M., inc., non-cum., Tol. to K o k ....
do
1st mort., Dayton Division........ ........
do
do
2d M., Dayton Div.,inc., non-cum......
do
1st mort., Tol. terminal trust “ A ” __
do
1st mort., gola, Southeastern D iv ........
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.......... .....'___ . . . . .
Tonawanda Valley <6 Cuba— 1st m ort........................
T roy dk Boston—1st mortgage, consolidated.............
New mortgage bonds (for $1,000,000)..................
Tyrone & Clearfield—Stock.............. ..........................
Ulster <6 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..
Land grant bonds on 10,514,789 acres.................

Ì90

54
54
61
55
465
270
270
181
181
102
102
180
22

60
35
53
63
74

1880
1881
1881
1882
1852
1876

$500
1,000
500

1881

1,000

is s i
1881
1880
1880
1880
1880
1880
1881
1881
1881
1881
1881
1881
1881
1881
1874
1878

—IT—-

50
1,000
500 &c.
1,000
1,000
1,000
1,000
1,000
1,000
500 &c.
1,000
1,000

1,000
1,000
1,000

__

1,000
100 &c.
1,820
100
1,038 1866-9 1,000
1,038 1866-9 1,000
1,038 1874
1867-9 1,000
1876
1875

ated 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 <&St. Louis.— This is the consolidated line (narrow
auge) of the Toledo Delphos & Burlington and Toledo Cincinnati & St.
ouis. Owns from Toledo to St. Louis, Mo., 451 miles; branch, Delphos
to Dayton and Shanesville br., 102 miles; Southeastern Division, 185
miles; Cincinnati Division, 17 miles; Iron R R ., 24 miles; total, 757 miles
June, 1883. In November, 1882, the 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, 340, 399, 480, 561, 591, 652, 699; V. 37, p. 49, 100,
128,152,176.)
Tonawanda Valley <&Cuba.—Sept. 30,1882, owned from Attica, N. Y .
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. Taylor, Buffalo. N. Y ., Presi­
dent. (V. 35, p. 706.)
Troy dk Boston.— September 30,1882, owned from Troy, N. Y ., to Ver­
mont State line, 35 miles; leased: Southern Vermont 6 miles;» Troy &
Bennington, 5 miles; Vermont State line to North Adams, 7 miles; total
■operated, 53 miles. The 1st consol, bonds are used to redeem 1st and
2d mortgages, and 2d consol, to redeem floating debt. Stock, $1,623,110.
In 1881-2 surplus was $31,144. Operations and earnings for three years
past were as follows:
Passenger
Freight (ton) Gross
Net
D iv ’d
Years.
Miles. Mileage.
Mileage. Earnings. Earnings, p. ct.
1879-80 .. 53
6,191,024 $28,252,911 $570,161 $271,423 ..
1880-81.. 53
6,246,817
24,778,236
498,719
182,206 ..
1881-82 .. 53
7,315,713
24,979,268
523,547
213,766 ..
— (V. 36, p. 170.)
Tyrone dk Clearfield.—East Tyrone Pa., to Curwensville, Pa., 44 miles;
branches, 20 miles: total, 64 miles. This company was organized
A p ril 1,1867, after’ sale in foreclosure. Road completed in 1872. It
was leased to the Pennsylvania Railroad in 1878; rental was $73,500.
J . N. Du Barry, President, Philadelphia, Pa.
Ulster dk Delaware.— Sept. 30, 1882, owned from Rondout (Hudson
River), N. Y ., to Stamford, N. Y ., 74 miles. This was the Rondout <fc
Oswego in 1876; reorganized May 28, 1872, as New York Kingston &
Syracuse, and again, after foreclosure, May 1,1875, as Ulster & Delaware.
The stock is $1,152,100. In 1880-81 the gross earnings wei-e $237,166;
net earnings $25,619 In 1881-82, gross, $269,751; net, $$36,346,
Thos. Cornell is President, Rondout, N. Y .
Union P acific Railway (See M a p P a g e l x v l . ) — December 31,1882,
main line— Council Bluffs to Ogden, 1,037 miles; branches— Ogden to
Junction Central Pacific, 5 miles; Kansas City to Denver, 638 ; Denver
to Cheyenne, 106; Leavenworth to Lawrence, 34; total owned, 1,820
miles; controlled— Omaha & Repub. Valley RR., 160 miles; Omaha N. &
Black Hills RR., 84; Colorado Central RR.,327; Echo & Park City RR.,
32; Utah & Northern RR., 462; Marysville & Blue Val. RR., 38; Carbondale Branch, 31; Junction City & Fort Kearney, 70; Solomon RR.,
57; Salina & Southwestern, 35; St Joseph & Western, 251; Central
Branch Union Pacific and leased roads, 388; Kansas Central, 165;
Denver & Boulder Valley., 27; Golden Boulder & Car, 6; Oregon
Short Line, 255; Greeley Salt Lake & Pacific, 41; Denver South Park &
Pacific. 264; Man. Alma & Bur., 28; Nevada Central, 93; Manhattan &
N . W., 4; Salt Lake <fc Western, 54; total controlled, 2,872 miles; total
operated and controlled Dec. 31,1882, 4,692 miles. The Central Branch
Union Pacific and leased lines is operated by the Missouri Pacifio under
an agreement with Union Pacific.
This was a consolidation, January 24, 1880, of the Union Pacific
Railroad, the Kansas I acific and Denver Pacific, made under authority
of the acts of Congress of Ju ly 1,1862 and Ju ly 2,1864. New stock
was issued for the old stock of the three companies, but their bonds
remained unchanged. (See C h r o n ic l e , V. 30, p. 118.) The company,
under acts of Congress above-named, took a land grant of 12,800 "acres
per mile, estimated at a total of 12,083,227 acres, and a subsidy in U, S.
bonds of $27,236,512. The interest and principal of this loan is to
paid according to the “ Thurman Act,” which requires 25 per cent
oi the net earnings, after deducting interest on the first mortgage
bonds, to be paid annually to the Government as follows: First—
Applied directly to interest account, on e:half of Government earnings,
and 5 per cent of net earnings, after deducting interest on first mortgage
bonds. Second— To be placed in the sinking fund— the other half of the
Government earnings and so much of $850,000 as maybe necessary to
make 25 per cent of net earnings.
The report for 1882 gave the gross earnings as follows:
1,820miles,main lines..... ....................................... ...............$22,823,884
2,359 “
auxiliaries.*................................................. 7.540.043
513 “
auxiliaries..................................... , ....................... not reported
The roads making up the 513 miles of auxiliary lines of which the

f




$2,128,000
1,817,000
1,817,000
12,000 p. m.
239,500
125,000
265,000
1,260.000
1,547,662
15,000,000
3,000,000
3,000,000
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
500,000
500,000
500,000
1,380,000
865,000
1,000,000
159,000
1,342,600
60,854,105
27,229,000
27,236,512
13,861,000
4,670,000

6
New York.
6 g- J. & "d .
6
M. & S.
6
F. & A.
M. & N. N.Y., Bk. of N. America.
7
....
7
A. & O.
7
6 g. J. & J. N.Y.,Farmers’ L.&Tr.Co
" è g. J. ’& J .

ë
6
6
6
6
6_g.
6
6 g.
6
7
6
6
6
7
7
3*2
7
7
1%
6 g.
6
8
7

J. & J.
A. & O.
J. & J.
A. & O.
A. & O.
J. & J.
Jan. 1.
M. & S.
J. & J.
A. & O.
F. & A.
J. & J.
F. & A.
Q .-J .
J. & J.
J. & J.
M. & S.
A. & O.

New Y ork or London.
N .Y ., G. W. Ballou & Co.
do
do
do
do
do
do
do
do
do
do
New York and London.
N .Y., G. W. Ballou & Co.
do
do
do
do
do
do
do
do
do
do
New York Office.
N. Y ., Nat. B ’k of Com.
do
do
Phila., 233 South 4th.
Rondout, Co.’s Office.
do
do
New York and Boston.
do
do
U.S. Treas., at maturity.
New York and Boston.
do
do

June
Aug.
Aug.
Feb.

1,
1,
1,
1,

1920
1921
1931
1922

Nov. 1, 1896
Oct. 1, 1905
Jan. 1, 1921
1921
Ju ly 1, 1921
Jan. 1, 1910
Jan. 1, 1910
April 1, 1910
A pril 1, 1910
Ju ly 1, 1910
April 1, 1921
April 1, 1921
April 1, 1921
April 1, 1925
1901
1911
Sept. 1, 1931
1924
1903
Aug. 15,1883
1906
Ju ly 1, 1905
Ju ly 2, 1883
1896 to 1899
1896 to 1899
Sept. 1, 1893
1887

earnings are not included are the Central Branch, 383 miles;-Man­
hattan Alma & 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 informar
tion in the) 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 in 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 earnings cover only the 1,820 miles of main road in the three years
EAR N IN G S A N D E X PE N SE S.

1880.

Earnings —

$

1882. <

1881.
$

$

Passenger— Cash
Government.
Freight— Cash...........................
Government
Company.. .. .
Mail, express, &c

5,171,115
234,010
13,406,910
469,025
1,342,572
1,831,502

4,922,711
208,860
15,075,515
484,013
1,503,599
2.064,119

5,054,344
143,386
13,543,841
361,648
1,496,678
2,223,987

Total gross earnings. . . . . .
Operating Expenses —
Maintenance of way................
Renewal of rails.......................
Equipment and motive power
Transportation expenses........
Taxes.........................................
General........... .........................

22,455,134
1,964,773
1,109,676
4,424,871
2,132,692
439,908
473,199

24,258,817
$
2,179,071
1,700,426
5,185,906
2,482,588
394,011
538,341

22,823^84
$
2,082,492
556,143
4,733,832
2,392,499
487,786
474,297

Total (including taxes) .. .
Net earnings.........................
Per ct. of op. exp. to earnings

10,545,119
11,910,015
46-96

12,480,343
11,778,474
51-45

10,727,049
12,096,835
4700

$

INCO M E ACC OD N T.
$

Receipts —
Net earnings............................
Interest and dividends.
Other receipts.

11,910,015
1,010,153
284,249

11,778,474
1,332,678

12,096,835
2,211,099

Total income .... ...........1..
Disbursements —
Interest on debt_______....7 .
Discount, mt’st, premiums,&c.
Dividends................................
Do percent.......... ................
Sinking funds...........................
Due U. S. on year’s business..

13,204,417
$
5,174.473
114,315
3,045,738
6
434,000
1,779,811

13,111,152
$
4,819,128
117,196
4,076,134
7
307,000
1,653,359

14,307,934

Total disbursements........
Balance, surplus
............

10,548,337
2,656,080

10,972,817
2,138,335

11,967,827
2,340,107

$

4,976,204
191,645
4,260,788
7
442,000
2,097,190

G E N E R A L B A L A N C E A T C L O SE OB' E A C H F IS C A L Y E A R .

1882.
1880.
1881.
$
$
Road, eqnip’t, &o..................... 154,743,629 156,878,669 156,949,005
Stocks owned, cost.................. ) , Q
/>, - ( 12,755,754 *13.582,700
Bonds owned, cost.................
1 16,375,055 *18,537,976
Advances.................................
...
2,563,360
2,552,213
Excess of irit. on U. S. bonds.
117,305
Materials, fuel, & c .................
1,877,300
3,164,477
U. P. bonds and stock_______
349,562
164,046
Denver Extension sink’g fund
...............
18o,572
199,545
Coal lands and mines...............
...............
231,122
106,178
Bonds and stocks held in trust
2,185,950
2,195,950
t3,208,950
Land department assets.........
6,384,180
6,074,212
6,306,759
A sfjp.tn——

Total................ ............. .
Liabilities—

S to ck..... ..................................
Funded debt (see S u p p l e m ’ n t )
United States subsidy bonds..
Accrued int. on subsidy bonds
Bills payable, and all other
dues an I accounts...............
Interest accrued not due........
Balance of income account...

185,165,541 200,477,246 201,554,297
50,762,300
82,623,114
33,539,512
12,133,976

60,868,500
82.118,133
33,539,512
12,590,388

60,868,500
81,845,507
33,539,512
13,136,489

1,519,835
782,721
3,804.083

4,035,078
780,766
6,544,868

$842,743
789,635
10,531,911

Total liabilities...4........... 185,165,541 200,477,246 201,554,297
t The balance sheet for 1882 is changed in form as to the items of
“ unfunded debt.” l'he total of bills payable. &c., amounts to $9,852,325; and is offset by cash on hand, $1,609,660, company’s own stock
and bonds owned, $2,011,319, fuel and materials on hand, $2,768,437,
balances due from agents and from other roads, $2,620,165; totaL
$9,009,582.
* The items include stocks and bonds of other companies owned by the
Union Pacific. Of these the stocks and bonds of railroad companies
amount at their par value to $53,211.271.

ïxvi

RAILROAD STOCKS AND BONDS.
e [v 0l. xxxtii .




A

u g u st*

1883.]

lxvii

RAILROAD STOCKS AND BONDS.

Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in these T a bles.
IBonds—PrinoiIN T E R E S T OR D IV ID E N D S .
D ES C R IP TIO N .
pal,When Du®.
Date Size, or
Amount
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
F o r explanation of column headings, &c., see notes of
Dividend.
Whom.
Road.
Cent.
Payable
Bonds
Value.
on first page of tables.
Union Pacific — ( Continued )—

Omaha bridge bds, st’g, (s.f. about $65,000 y rly ).
Collateral Trust bonds........................... .................
Collateral trust Donds of 1882, g o ld .....................
Kans. Pac.,cons. M..,g.(for $30,000,000),cp.orrg.
do
1st M.. g. cn., on 140m. west Mo. Riv.
do
1st mòrti, ¿old, 140th to 393d m ile...
do
2d M.(to U.S.Gov.) on 394m.W. Mo.R.
do lst,394th to 639th m., l.g., 3,000,000 acs
do
1st mort., coup., (Leavenworth B r.)..
do
Income bds, coup., 3d M.on 427 miles
United N. J. RR. <£ Canal Companies—Stock...........
Gold bonds.................................................................
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. & T . Co., 3d loan due State of N. J . . —
Utah Central— Stock.................................. ..................
1st mortgage, gold.....................................................
Utah Southern, 1st mortgage, coupon...................
do
general mortgage (for $1,950,000)
Utah South. Exten., 1st M., Juab to Frisco...........
Utahdh Northern.—1st mortgage...............................
Utah & Pleasant Va lley-^ 1st mortgage, gold............
Utica di Black Rivet— -Stock.........................................

Mortgage bonds..........................................................
Black River & Morristown, 1st mortgage. ............
Clayton & Theresa, 1st mortgage, guaranteed —
Utica Chenango <&Susquehanna Valley—Stock.......
Utica Clinton <&Bingham ton — 1st mortgage............

....
Ï40
253
394
245
34
427
430

1871
£200
1879 $1,000
1882
1,000
1879
1,000
1865
1.000
1866
1,000
1865-7
1869
1,000
1866
1,000
1866
50 &c.
100
1,000
1883
1871
1,000
1871
1871
1871
1871
1878
1854
1862
1868
100
1870
1,000
1871
1,000
1879
1,000
1879
1,000

280
361s
75
105.
138
37
415 1878
1,000
62 1879
1,000
180
100
87 1871
36 1874 500 &c.
___
16
....
100
98
31 ’66-’72 500 &e.

$1,888,000
4,918,000
5,000,000
15,640,005
2,240,000
4,063,000
6,303,000
6,323,000
67,000
882,400
21,090,400
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
4,225,000
1,000,000
1,000,000
1,456,000
1,950,000
555,860
5,543,000
900,000
1,772,000
1,112,000
500,000
200,000
4,000.000
790,000

8 g.
6
t>
6 g.
6 g.
6 g.
6
6 g.
7
7
4
6 g.
6
6 g.
6 g6
6 g6
6
6
1*2
6 g.
7
7
7
7
7
2
7
7
7
3
6&7

A. & O. Londdn, L . & S. F r. Bk.
J. & J. N. Y ., Union Trust Co.
J. & D. Boston, N. Engl’d Tr.Co.
M. & N. N. Y ., 195 Broadway,
F. & A.
do
do
J. & D.
do
do
bv transportation.
Payable
M. & N. N. Y ., Lond. & Frankf’t.
M. & N. New York, 195 B ’way.
M. & S. N. Y ., Bk. of Commerce
Q . - J . Phila. and N. Y . Offices.
F. & A. Philadelphia Office.
M. & S.
do
do
A. & O. Phila., Pennsylv’a RR.
M. & S.
London.
M. & S.
do
F. & A.
Philadelphia.
M. & S.
do
Princeton, N. J.
J. & D.
M. & N. Philadelphia Offic9.
A. & O. N. Y ., B ’k of Commerce.
N. Ÿ ., 195 Broadway.
Q .-J .
J. & J.
do
do
J. & J.
do
do
J, & J.
do
do
J. & J.
do
do

April, 1896
Ju ly 1, 1908
Dec. 1, 190?
May 1, 1919
Aug. 1. 1895
June 1, 1896.
1895 to ’97
May 1, 1899
Jan 1, 1896
Ju ly 1, 1916
Ju ly 10, 1883
Feb. 1. 1923
Mch. 1, 1901
Oct. 1, 1894
Mch. 1, 1894
Mch. 1, 1894
Feb. 1, 1888
Sept. 1, 1908
Jan. 1, 1889
Nov. 1, 1889
Overdue.
(?) 18821
Jan. 1, 1890
Ju ly 1. 1891
Ju ly 1, 1909
Ju ly 1, 1909

J.
M.
M.
J.
J.
J.
M.
J.

Ju ly 1, 1908
1904
Sept. 3 0 ,188a
Ju ly, 1891
Jan. 1, 1894
Ju ly 1, 1898
May 1. 1883
1886 & 1890

&
&
&
&
&
&
&

J.
N.
S.
J.
J.
J.
N.
& J.

New York,195 B r’dway.
New York Office.
Utica.
N .Y., Nat.Bk.of Com’ce.
do
do
do
do
N. Y ., D. L. & W. RR.
N. Y ., Cont. Nat. Barik.

Utah <&Nevada.— Dec. 31, 1882, owned from Salt Lake City, U . T ., to
$910,683 Terminus U. T ., 37 miles. The Utah Western made default January 1.
321,890 1878, and the road was held by trustees for the bondholders, and wa4
114,195 foreclosed Nov. 3,1880, and this company organized. (V. 32, p. 356.)
Utah & Northern.— Completed from Ogden, Utah, north into Montana
Total net proceeds for the y e a r ............................ ...........$1,346,770
Deduct interest paid on consol, bonds.......................................
258,275 Territory to Deer Lodge, near the line of Northern Pacific near Helena.
Mon., 462 miles. Stock $5,543,000. The road is built and mainly
$1,088,495 owned by the Union Pacific as a feeder to that line. For the year 1881.
Leaves net proceeds
gross earnings, $1,359,583; net, $602,619; in 1882, gross, $2,210,688:
The lands on hand Jan. 1,1883, were 9,129,000 acres U. P. lands and net, $905,308. (V. 35, p. 431.)
5,336,000 acres K . P. lands. U. P. land contracts and cash, $4,617,401.
Utah <£ Pleasant Valley.— Line of road Provo, Utah, to Pleasant Val­
Of the Union Pacific collateral trust bonds, the firstissue was limited to
80 per cent of the following bonds: Omaha & Republican Valley RK., ley. Utah, 60 miles. Road opened in 1879. Bonds sold in New York m
1880.
Road sold in foreclosure June 12,1882, to Denver & Rio Grand®
$850,000; Colorado Central Railroad bonds, $2,526,000; Utah Northern
Railroad, about $3,480,000; total, $6,856,000. The- collateral trust West. RR.. which extended it to Salt Lake City, 50 miles. (V. 34, p. 688.)
bonds are a d 5rect obligation of the Union Pacific Company, and have as
Utica & Black River. — Sept. 30, 1882. owned from Utica, N. Y., to
their security the first mortgage bonds of the roads named pledged with Philadelphia, N. Y ., 87 miles; leased lines to Morristown, N. Y., to
the trustees. The excess of interest collected on hypothecated bonds- Ogdensburg, to Sackett’s Harbor and to Clayton, 93 miles in all ; total
say $22,000 per year— forms a sinking fund to reduce the principal. operated, 180 miles. The company has paid its rentals and modérât®
Th e $5,000,000 collateral trust bonds of 1882 are secured by the follow­ dividends for a number of years. The general account, September
ing bonds: Colorado Central RR. $2,356,000; Utah & Northern RR. 30,1882, was as follows, oondensed
$2,353,000; Omaha & Rep. Valley RR. $419,000; Utah Southern RR.
A itstp.ts.
Liabilities.
extension $975,000; Denver South Park & Pacific RR. $1,544,000; Stock.................... .......... $1,772,000
Road and equipment... $2,983,005
Kansas Central RR. $1,162,000; total $8,809,000.
3,122
B o n d s..............., ......... 1,112,000 Sundry accounts........ .
The Kansas Pacific extended from Kansas City, Mo., to Denver, Col., Sundry accounts..........
55,820 Les’dunes, stks,bds, &c.
258,415
639 miles, with Leavenworth Branch, Lawrence to Leavenworth, 34 Surplus fund.... ..........
118,902
423,624 C a s h .................... .
miles. I t was organized as “ Leavenworth Pawnee & Western'’ in 1861;
then changed to “ Union Pacific, Eastern Division,” June 6,1863, and to
Total.
T o t a l..................... $3,363,444
.............$3,363,444
^‘ Kansas Pacific” on March 3,1869. The Pacific Railroad acts of 1862
Incom e A ccou n t:
and 1864 applied to this road, and gave it a subsidy of $6,303,000 and a Net income, all sources.....................
.............. $346,344
land grant of about 6,000,000 acres. The lands mortgaged were put in Interest..... ....................... .................
$81,340
two trusts, 2,000,000 acres in the first, from the first to the 380th mile Rentals...............................................
73,057
westward, covered by the first and second land mortgages, and Dividend, 5 per cent..... ..............
88,600— 242,997
3,000,000 acres in the second grant, from the 380th mile westward, are
............
$103,3 Í6
Balance,
surplus........................
covered by the Denver Division mortgage. The outstanding bonds of
............
320,277
Kansas Pacific above are given less the amounts of each class held by Add surplus, Sept. 3 0 , 1881.......... .
the trustees of the general mortgage. The second land grant mortgage,
Surplus, Sept. 30,1882 .............
............
$423,624
w ith various other bonds, was taken up with the general consolidated The surplus is chiefly represented by advances to leased lines. Th®
mortgage of May 1,1879, which covers road and lands; the trustees of Ogdensburg extension is doing well, and promises to be a good investthat mortgage are Ja y Gould and Russell Sage, and they held in trust on ment. Operations and earnings for three years past were as follows:
Jan. 1, 1883, the following bonds ox the Kansas Pacific, making $10,Net
D iv .
Passenger Freight (ton* Gross
831,636 in a ll, viz.: Leavenwortn Branch, $533,000; first land grant, Years.
Miles
Mileage.
Mileage.
Earnings. Earnings, p. ot*
$1,430,250; second land grant, 1.499,000; income (unsubordinated) 187980.. . 1805,836,600 9,204,785
$590,760 $315,771 4
bonds. $187,650; income (subordinated) bonds, $3,205,300; Denver 1880-81. .. 180
246,780 4
7,377,199 12,918,373
693,170
Pacific bonds, $2,017,000. They also held $1,875,800 of the stocks 1881- 82. .. 180
323,011 5
8,599,023 15,224,870
766,463
and $3,156,000 of the bonds of other companies controlled by the — (V. 32, p. 205 ; V. 34, p. 113; V. 35, p. 762.)
Union Pacific.
Utica Chenango <6 Susqiiehanna Valley.— Sept. 30,1882, owned from
The Denver Pacific— Denver to Cheyenne, 106 miles— was built under
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
Ja n u a ry 1,1871. The Denvec & Boulder Valley was opened under a 99 miles; total, 98 miles. Road opened October, 1872. Leased to Delawar®
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 Januarv 1880, and the bonds are retired with the consolidated payments, $240,000. Gross earnings, 1880-81, $721,882; net, $317*mortgage of tlie Kansas Pacific. (V. 34, p. 116, 178, 289, 291, 292, 478; dividends. $240,000.
317, 37 6 , 435, 461, 625, 655; V. 35, p. 71, 133, 182, 205,266,267, 291,
Utica Clinton <&Binghamton.— Sept. 30,1882, owned from Utica, N .Y .,
308, 313, 360, 431, 456, 487, 546, 578, 657, 708: V . 36, p. 170,196, 212.
to Smith’s Valley, N. Y ., 31 miles. Opened June 22,1872, and leased to
269, 2 8 2 , 366, 454, 561, 652; V. 37, p. 49, 65, 68.)
New York & Oswego Midland Railroad. The lease was transferred to
United New Jersey RR. <6 Canal Companies.— Lines of road. New York the Delaware & Hudson Canal Co., which pays the rental of $75,000 pet
to Philadelphia and branches, 125 miles; Camden to Amboy and branches, annum. The road was operated, by the Del. Lack. & West, till A p ril 1,
225 miles; Trenton to Manunka Chunk and branches, 89 miles; total 1883. Gross earnings in 1880-81, $123,409; net, $58,003; gross in
operated, 430 miles. Delaware & Raritan Canal, 66 miles. The United 1881-82, $144,469; net, $69,085, Capital stock, $636,285. IsaaQ
New Jersey Railroad & Canal Companies were leased in May, 1871, to the Maynard, President, Utica, N. Y . (V. 36, p. 366.)
Pennsylvania Railroad-for 999 years, at a rental of 10 per cent on the
Utica Ithaca <&Elmira.—Sept. 30,1882, owned from Elmira, N. Y „ t ®
stock, besides interest on bonds. The smaller leased roads were taken
w ith their several contracts. The Belvidere Delaware was leased to the Cortland, N. Y ., 71 miles ; leased, Elm ira to Horseheads, 5 miles; total
operated,
76 miles. This company was organized May 11, 1878, as
Pennsylvania Railroad March 7,1876, and since January 1,1877, has
been operated as the Belvidere Division of United New Jersey Railroad successor -,of the U. I. & E. R R Co., which, was foreclosed April 30,
1878.
Stock
is $2,000,000. Gross earnings 1880-81, $142,989; net,
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 $20,968; gross, 1881-82, $160,200; net, $5,328. Geo. Jas. Rioe, Presi­
Railroad, and the net loss in 1879 was $939,889. and in 1880 $1,035,- dent, Horseheads, N. V.
308, and $302,864 in 1881; but the connection with New York was in­
Valley (N. T.) .Railroad. — Sept. 30, 1882, owned from Binghamton*
dispensable. Operations and earnings for five years past (including the N. Y ., to State line of Pennsylvania. 12 miles. Opened October, 1871.»
canal) were as follows:
Leased to Delaware Lackawanna & Western. In 1880-81, gross, $330,Div. 841 ; net, $187,744. Dividends paid, $60,000. Rental in 1881-82»
Passenger Freight (ton)
Net
Gross
Earnings. p. ct. $63,958. Samuel Sloan, President, New York City. (V. 32, p. 92.)
Years. Miles. Mileage.
Mileage.
Earnings.
Valley (Ohio).—Dec. 31,1882, owned from Cleveland, O., to Wheeling1
10
139,245,413 255,027,095 $8,398,534 $2,895,592
1878..
. 373
146,914,158 332,298,977 9,784,843 3,283,981 I 10 Junction, O., 76 miles, and 9 ^ miles of small branches. The temporary
1 8 79..
. 373
I t debt and car trust amount to $663,541. Earnings in 1881, $275,673;
1880............ 171,055,377 381,885,409 11,544,681 3,329,473
10 net, $116.798. In 1882, gross, $367,737; net, $176,494. Stock,
1881............ 197,366,974 480,995,398 13,022,864 4,211.5°0
10 $1,042,302. (V. 34, p. 605; V. 35, p. 707.)
1882.. . 429 227,938,390 521,869,010 14,231,458 4,062,363
— (V. 36, p. 170.)
Valley (V a J— Sept. 30,1882, owned from Harrisonburg to Staunton,
Utah Central.—D ec. 31,1882. owned from Ogden, Utah, to Frisco, 280 Va., 26 miles, in operation, and being extended to Lexington, 36 miles,
miles. This was a consolidation Ju ly 1,1861, of the Utah Central, Utah further. Operated by Baltimore & Ohio. Earnings, 1881-82, $56,772;
Southern and Utah Southern Extension. Stock is $4,225,000. In 1882 net, $13,412. Of the 1st mort, for $1,000,000, there were déliv-'
gross receipts $1,531,486; net, $897,949. Sidnev Dillon, President. ered to the B. & O. $206,000, and the balance remain unissued. (V. 32»
p. 687 ; V. 33, p. 178, 562; V. 34, p. 577; V. 35, p. 603.)
- (V. 33, p. 687; V. 34, p. 509; V. 35, p. 162, 229; V. 36, p. 358.)

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................




Ixviii

R A IL R O A D

STO CK S

AND

BON DS,

[V ol . XXXVII.

Subscribers w ill confer a great favor by giv in g Im m ediate notice o f any error discovered In these Tables.
Bonds — Princi«
D E S C R IP TIO N .
, IN T E R E S T OR D IV ID E N D S .
pal,When Due.
Miles Date Size, or
Amount
Par
For explanation of column headings, &e., see notes of
of
Rate per When Where Payable, and by Stocks— Last
Road. Bonds. Value. Outstanding
on first page, of tables.
Whom:
Dividend.
Cent. Payable
Utica Ithaca <£■Elm ira—1st mortgage, gold.............
Yalley (N. Y .)—Stock................ ."I.T...T.......... .........

1st mortgage..........................................................
Yalley (O hio)— 1st mortgage........ . . : ....................
Consol, mortgage___7......... ..................................
Yalley (P a .;— 1st mortgage.........................................
Yermont <£ Massachusetts—Stock...............................
Convertible bonds............................. ......................
Bonds of 1883 (guaranteed bv Fitchburg R R .)...
Yerm ont Valley o f ’71— 1st mortgage.......................
Vicksburg <£M eridian — 1st mortgage..... ..................
2d m ortgage.............................................................
3d mortgage, income (not cumulative)..................
Y irgin ia M idland—Stock ...........................................
Bonds, 1st series.......................................................
do
2d series.......................................................
do
3& series.................................. ....................
do
4th series................ ......................................
do
5th series.......................................................
do
6th series.......................................................
Virginia & Truckee—1st M. (pay’ble $100,000 a year)
Wabash St. Louis & Pacific^-S'tocK, common............

Preferred stock, 7 per cent, (not cumulative)__
General mortgage, gold (for $50,000,000)............
Collateral trust Txinds (for $10,000,000)...............
1st moil, bonds on Champaign Hav. & West........
do
v
1st pref., convertible___
1st mort. bonds on Chicago & Strawn....................
1st mort., gold, on Cairo D ivision..........................
1st mort., gold, Detroit Division...........................
1st mort., gold, Indianapolis D ivision............. ..
Indianapolis Peru & Chic.. 1st m ortgage_______
1st mort., gold, Iowa Divisions.. .7.........................
Wabash. 1st mort. (Toledo & Illin o is)....................

1880
12
! ■_ * 1881
1879
1881
26 1881
59
1872
1883
24 1880
140 1881
140 1881
140 1881
354
1881
1881
1881
1881
1881
1881
1882
54 1874
....
3,348
3,348
All. 1880
1883
Ï 3 Ï 1880
131 1879
262 1880
270 1881
112 1881
87 1881
....
74
75
143 1881
75 1853

$ ....

$600,000
' 750,000
400,000
1,600,000
600,000
1,000
206,000
100
3,050,000
1,000
150,000
1,000,000
1,000
800,000
1,000,000
1,000,000
1,920,000
100
6,000,000
599,958
1,898,895
1,062,545
921,820
1,773,828
1,310,000
1,000
3,503,000
1,000
700,000
100 27,409,200
100 23,034,200
1,000 16,000,000
1,000
(?)
1,000
1,210.000
100 &c.
340,900
1,000
4,500,000
1,000
3,857,000
1,000
1,853,000
1,000
2,000,000
1,000
275,000
300,000
1,000
2,300,000
1,000
900,000

Verm ont A Massach isetts.—Line of road, Fitchburg to Greenfield,
Maes., 56 miles: branch, 3 miles. The road is leased "to the Fitchburg
KR. for 999 years at 6 per cent. (V. 36, p. 212, 652.)
Yermont Y alley o f ’71.— March 31,1883, owned from Bellows Falls to
Brattleboro, V t.,2 4 miles, and by purchase of stock the Sullivan County
U K . from Bellows Falls to Windsor, Vt., 26 miles; total, 50 miles. Con­
trolled by Connecticut Biver RR. The Sullivan County RR. stock is
deposited as collateral security for the above mort. bonds. Net revenue
of both roads year ending March 31, 1883, was $159,882. Dividends
»repaid on the stock of $1,000,000, and in June, 1883, 3 per cent
eolared.
Vicksburg & M eridian. — 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: $1,100,000 of first mortgage 6
per cent, f< rty years, gold bonds; $1,100,000 of second mortgage bonds,
with interest at 3 percent for two years, 4 per cent for two years, 5 per
cent for one year and 6 per cent for thirty-five 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 Orleans Texas & Pacific
Junction Co. Gross earnings for year ending March 31, 1883, were
$495,851; net, $141,324. (V. 34, p. 205; Y . 35, p. 2 0 ; V. 37, p, 69.
Y irginia 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. & Ohio); Front Royal Branch, 1 mile;
total owned, 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 to the Baltimore & Ohio, leaving 354 miles
operated. The Washington City Virginia Midland & Great Southern
was a consolidation (Nov., 1872) of the Orange Alexandria & Man­
assas and Lynchurg & Danville railroads. The Orange Alexandria
& Manassas was a consolidation (June 1,1867) of the Orange & Alex­
andria and the Manassas Gap. The Washington City Yirginia Mid­
land & Great Southern was put into the hands of a receiver Ju ly 1,
1876, interest being m default, and was sold m foreclosure May 13,1880,
and after litigation sold again Dec. 20, 1880. Reorganized as V ir­
ginia Midland, and bonds and stock issued as above.
The Baltimore & Ohio had large claims against the company for
jcoupons, and after reorganization that company and the Garretts
Bold their large interest, amounting to $3,000,000 in stock, to the Rich­
mond. & Danville Syndicate, the last payment being made in January,
1883.
Of the above bonds, the first series is a first lien between Alexandria
and Gordonsville, including lease of Charlottesville & Rapidan Railroad
and the Warrenton Branch; the second series is- a second lien between
Alexandria, and Gordonsville, including Warrenton Branch and lease of
Chailottesville & Rapidan RR., and a first lien between Charlottesville
and Lynchburg; 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 Gor'donsviUe, including Warrenton Branch and lease of Charlottesville & Rapidan
R R., 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
& Rapidan RR., and a fourth lien between Charlottesville and Lynch­
burg ; the sixth series is a first lien between Lynchburg and Danville,
including Pittsville Branch and lease of Franklin & Pittsylvania RR.,
and a sixth hen on lease of Charlottesville & Rapidan Railroad.
The $4,000,000 income bonds were issued to retire 1st and 2d preferred
Stock, every 10 snares of preferred to be entitled to exchange for 10
Shares of common and a $1,000 income bond. The company issued
additional common stock, making the total $6,000,000.
The annual report for 1882, in Vol. 36, p. 138, showed the following
balance sheet Sept. 30,1882:
Gr.
wOTffliraa Dr.
Capital stock............. $6,000,000 Road and property . .. $17,086,048
Mort. and inc. bonds. 11,070,047 Bills receivable
197
217,152 Supplies on hand ____
86,376
Bills payable.............
41,009
Connecting
lines,
&c..
Accounts payable....
243,066
43,626 Cash in banks.............
Pay-rolls (Septemb’r)
9\078
22,157 Cash with agents, &c.
56,1 l2
Interest unclaimed..
150,138 Profit and loss............
Connecting line, <&c.
37,251

5
4
5
7
6
6
3
7
5
5
6
3 to 6
7

J. & J.

6
6
5& 6
3-4-5
5
4& 5
6
10

M. & S.
Baltimore.
M. & S.
do
M. & S.
do
M. & S.
do
M. & S.
do
M. & S.
do
J. & J.
Q . - F . San Fran., Bank of Cat.

Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
.Tan
Aug.

Q .-F .
N. Y ., Co.’s Agency.
J. & D.
do
do
M. & N.
do
do
J. & D. N. Y ., Met. Natl. Bank,
J. & J.
do
do
J. & J. N. Y ., Co.’s Agency.
J. & J.
do
do
,T. & J.
do
do
do
do
J. & D.
J. & D. N. Y .. Metrop. Nat. Bk.
do
do
J. & J.
M. & S.
do
do
F. & A.
do
do

Nov. 15, 1881
J u n e l, 1920
1913
Dec., 1910
Ju ly 1, 1909
Ju ly 1, 1910
Oct. 1, 1931
Ju ly ! , 1921
Jan. 1, 1921
June 1, 1921
1897
Mar. 1, 1921
Aug. 1, 1890

__

1*2
6 s6
6
7
5
5 g.
6 g,
6g.
7
7
6 g.
7

j. & b .
M. & S.
A. & O.
A. & O.
J. & J.
M. & N.
A. & O.
A. & O.
M. & N.

Jan. 1, 1911
1883
Aug. 1, 1911
1906
New York.
1921
Balt, and New York.
Oct. 1, 1921
Boston, Office.
April 7, 1883
Boston, Fitchburg RR. Ju ly 1, 1885
do
do
May 1, 1903
Bost., Safe Dep. & Tr.Co Oct. 1, 1910
New York, Ploek & Co. April 1, 1921
do
do
May 1, 1921
do
do
June 1, 1921
N. Y ., D. L. &W.
do
do

Yirginia & Truckee.— Reno, Nev., to Virginia, Nev., 52 miles ; hraaeh
line, Silver Junction to Silver City, 2 miles; total, 54 miles. Road
opened November, 1869. The bonds are payable $100,000 per year.
Gross earnings in 1881 were $914,271 ; net, $394,564, against $449,746 in 1880; 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
Wabash St. L ouis & Pacific.—{ See M a p P a g e x l v i . ) — A consolidation
of the Wabash Railway with the St. L. Kans. C. & North., Nov. 1,1879.
Miles of road operated, Dec. 31,1882: East of the Miss. River— Toledo
to E. St. Louis, 436 miles ; Decatur to Camp Point, 129 ; Camp Point to
Quincy, 22 ; Bluffs to Hannibal, 48 ; Maysville to Pittsfield, 6 ; Clayton
to Elvaston, 35 ; Edwardsville to Edwardsviile Crossing, 10 ; Detroit to
Logansport, 214 ; Michigan City to Indianapolis, 161 ; Attica to Cov­
ington, 15 ; West Lebanon to Leroy, 76 ; P. & D. Junction to St. Francisville, 109; Vincennes 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; Strawn to 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 ; Moberly to
Ottumwa, 131 ; Brunswick to Council Bluffs, 224 ; Roseberry to Clarinda,
21 ; N. Lexington to St. Joseph, 77 ; West Quincy to Trenton, 136 ; Keo­
kuk to Humeston, 131; Relay to Albia, 24; Des Moines to Fonda, 115;
Albia to Des Moines, 67; total west of the Mississippi, 1,252 miles.
Grand total east and west, 3,518 miles.
In April, 1883, the Wabash St. Louis & Pacific was leased for 99 years
to the St. Louis & Iron Mountain (and thus to the Missouri Pacific), on
the general basis of paying over to the Wabash its net earnings each
year. The St, Louis & 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 is 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. The 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 ef $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 of this
disproportion is a less satisfactory statement than we had anticipated.
A t the date of our last annual report, Dec. 3 1 ,1881‘, the total length of
road operated was 3,348 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 &
Springfield, the Oes^Moines & 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 be 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 the sum of $377,827 for the
St. Charles bridge over the Missouri River; $461,500 towards the com­
pletion of the Humeston & Siienandoah Road, and $966,209} for oar
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 $8,667,696, available for the
liquidation of the floating debt and future requirements.”
The comparative statistics for three years are as follows :
R O A D A N D EQ U IP M E N T .

Total miles operated........ .

1880,
2.479

1881.
3,348

1882.
3.518

O P E R A T IO N S A N D F ISC A L RESU LTS.

Operations —
1880.
1881.
1882. *
Passengers, carried...................
1,992,763 3,215,200
4,251,393
Passenger mileage................
97.774,576
137,114,727 166,198,560
Rate per passenger per mile
2-398 cts.
2-238 cts.
2*373 cts.
Freight (tons) moved................
4,533,187 5,393,917
5,911,012
Freight (tons) mileage........ 1,105,783,399 1,149,774,547 1,247,611,320
A v ’ge rate per ton pèr mik>.
0-862 cts.
0 928 cts.
0*951 cts.
Earnings —
$
'$
$
Passenger...............................
2,344,452 3,067,989
3,944,520
F re ig h t.....................................
9,532,334 10,667,906
11,885,226
Mail, express, &c..................
551,326
731,894
1,021,943

$17,544,131
$17,544,131
Earnings for the years ending September 30 were:
Total gross earnings....
12,428,112
14,467,789
Total operating exp’ses
7,787.349
10,792,943
Miles.
Gross earnings. Operat’g exo’ses. Net earn’gs.
1881 .........................
$1,361,679
$765,714
$595,982
Net earnings.. .....................
4,640,763 3,674,846
1882 ........................
1,515.746
945,116
570,629
~ (V . 34, p. 285, ‘¿ 1)2; V. 35, p. 449, 764; V.,36, p. 138, 140, 332.)
Per ct. of expens to e a rn ....
62-65




1, 1906
1, 1911
1, 1916
1, 1921
1, 1926
1, 1931
1 ,1 f)9.7
1, 1889

16,851,689
11,664,752
5,186,937
69*22

A ugust, 1883. J

R A IL R O A D

STO CK S

AND

BONDS

Ixix

Subscribers 'w ill confer a great favor by g iv in g Im m ediate notice o f any error discovered in these Tables.
D E SC R IPTIO N .
V IIN
N T’] E R E S T OR D IV ID E N D S .
Bonds — Priuei
Date Size, or
Amount Rate per
pal,When Due'
For explanation of column headings, «fee., see notes of
of
Par
When
and by Stocks Last
on first page of tables.
Bonds Valué. Outstanding Cent. Payable Where Payable,
Whom.
Dividendi.
Wabash, St. Louis <6 Pacific—<Continued .) —
Wabash, 1st mort. (Lake Erie, Wab. <feSt. L .)......
167 1853 $1,000 $2.500,000
7
F. & A. N. Y., Met. Nat. Bank. Aug. 1, 1890
do
1st mort. (Great Western of 1 8 5 9 )...... jl80 1863
1,000
2,496,000
7
F. & A. M.
Y .,N a t Bkof Com’rce
Aug., 1888
do
1st mort. (Quincy <fe Toledo)...................
33 1865
1,000
500,000
7
M. «fe N. N. Y., Met. Nat. Bank, Nov.JL.
1890
do
1st mort. (Ill <fc So. Iowa) extended___
29 1862 500 «fec.
300,000
6
P.
&
A.
N.-Y.,
N.
Bk.
of
«
om’rce,
1, 1912
do
2d mortgage (Toledo <fcWabash)........
75 1853 250 «fec.
1,000,000
7
M. & N. N. Y ., Met. Nat. Bank. Aug.
May
1.
1893
do
2d mortgage (Wabash <feWestern)........
167 1858 100 «fec.
1,500,000
7
M. <fe N.
do
do
May 1, 1893
do
2d mortgage (Great West, of 1 8 5 9 )___
180 1865
1,000
2,500,000
7
M. <fe N. S
do
do
May
1,
1893
do
Consol. M., (on all but Dec. & E St.L.).
490 1867
1,000
2,610,000
7
Q. — F. N.Y.,Nat. Bk. of Com’ce. Feb., 1907
do
1st mort., (Decatur & E. St. Lo u is).......
109 1869
1,000
2,700,000
7
F. & A.
do
do
Aug., 1889
do
Funded debt bds (sec.by dep’sit of coups,
1877 500 «fec
2,938,453
F.
& A.
6
«fe
7
do
do
Feb. 1, 1907
do
Mort., gold, sink. fd. $25,000 after ’82.
1879
1,000
1,600,000
7 g. 4. & O.
do
do
April
1, 1909
Hannibal & Naples, 1st mortgage.........................
50 1879
1,000
500,000
7 ■ J. & D.
do
do
June 1, 1909
St. L. K. C. &No., 1st mort. (North Missouri).......
354 1865
1,000
6,000,000
7
J. & J.
do
do
Ju
ly
1,
1895
do
real estate & railway 2d m ort___ 354 1874
1,000
3,000,000
7
M. & S.
do
do
Sept. 1, 1895
do 1st & 2d M.on St. Char. Bridge,coup.orrg
1878
1,000
1,388,500 6 «fe 7 g. A. & O.
do
do
1903-1908
do 1st si., Omaha D iv., gld, s. I., coup.or rg 146 1879
1,000
2,350,000
7 g. A. <fe O.
do
do
A p r ili, 1919
do 1st mort., gold, Clannda Branch ...
22 1879
1,000
264,000
6 g. F. & A.
do
do
Aug. 1, 1919
Toledo Peoria & West., 1st mortgage............
237 1880
1,000
4,500,000
7
Q
.-J
.
N.Y.,
Metropolita
NJBk Oct. 1, 1917
do
1st pref. income, conv., mt. guar..
1880
1,000
1,190,000
4
. & J.
do
do
do
2d pref. income bonds...............
1880
385,000
7
Quincy Mo. <fePacific, 1st mort., gold (int. guar.). 136 1879
i,óbo
1,204,000
6
g.
N
.Y
.,Metropolit’n
N. Bk Oct. 1, 1909
Peoria Pekin & Jacksonville, 1st mortgage___
83 1864 500 «fec.
1,000,000
7
«fe J. N. Y ., Imp. <&Trad. B ’k. Ju ly 1, 1894
Centrev. Moravia & Alb. R R ., 1st mortgage
24
400,000
6
«fe
J.
N.Y.,
Metropolit’n
N.Bk
Chicago Cincinnati & Louisville, 1st mortgage...
73 1867 500 ‘«feo. 1,000,000
7
N .Y., Farmers’ L.«feT.Co Jan., 1887 Ware River — Stock (guaranteed).......................
49
100750,000
3
1
3
Boston,
Bost.«fe
Alb.
RR. Ju ly 1, 1583
W arren ( N.J.)—Stock.
................................. \.'” "’
18 1855
100
1,800,000
313
N .Y., Del., L . <fcW. RR. April. 1883
2d mortgage,now 1st..........................
18 1870
750,000
7
do
do
A pril 1, 1900
1st consol, mortgage................................................
18 1875
600,000
7
do
do
M archi, 1905
Wasatch A Jordan V alley—Gold bonds................... ,
1
884,000
7
N.
Y
.,
Kountze
Bros.
Washington City A Pi. Lookout — 1st M. bonds, gold " 12 1873
__
540,000
6
Baltimore, Balfr.<& O.RR.
1903
1st mort.. gold (for $2,000,000)..............................
1880
liOOO.OOO
6
Nov. 1, 1900
West Jersey — Stock................................................ .
172
50
1,375,800
3
Phila.,
Pa.RR.Co.
Office
Mar.
15,1883
1st mortgage loan............ ................ .........
38 1866 500<fec.
1,000,000
6
do
do
Jan., 1896
1st
do
consolidated.;.........................
63 1869 5Ó0 «fec.
1,000,000
7
do do
Oct., 1899
Consolidated mortgage............. .................. .... .. .. 128 1879 500 «fec.
456,500
6
do
do
Nov.. 1909
INCOME ACCOUNT.

1880.
Receipts —
Net earnings..
Other receipts.

4,640,763
33,601

Total Income...........

Disbursements—

Rentals paid..................
Interest on debt........
Taxes, rent of cars, «fee.
Dividends..... ........ ....

4,674,364
$
483,255
2,657,360
514,569

1881.
$
3,674,846
277,245
3,952,091
$
1,009,079
3,447,627
637,504
1,329,918

3,655,184
6,424,128
Total disbursements__
Balance, surplus or deficit., sur.1,019,180 def.2,472,037

Wasatch A Jordan Valley .— Brigham City, U . T ., to Alta City, U. T ..
44 miles. In 1878 the Brigham Canon <fc Camp Floyd was merged
1882.
i1,?’ and d*18 stated that there are mortgages prior to- the above.
$
5,186,937 For three years, 1876-7-8, the average net earnings were $131.186
328,760 per annum. Stock is $1,100,000. Lately bought by Denver <fe Rio
Grande Western? C. M. Scofield, President, N. Y. City. (V. 35, p. 104.)
5,515,697
W y & Point Lookout.—Hyattsville, Md., to Shepherd,
$
Mdv 13 miles, and to be extended. This road was opened in 1873. It is
987,608 leased to the Baltimore <& Ohio for $36,000 gold per annum. The
4,302,006 stock paid in is $1,000,000. Same officers as Baltimore <feOhio Railroad
809,105
West Jersey.—Dec. 3 1, 1832, main line and branches— Camden to Cape
May, Bridgeton, Riddleton and Sea Isle, 117 miles; leased lines, 35
6,098,719 miles; West Jersey «fe Atlantic RR., 34 miles; total, 186 miles operated.
The annual report for 1882 was published in the Chronicle , V. 36, p.
def.583,022 534.
Income account for two years:

GENERAL BALANCE SHEET (CONDENSED) AT CLOSE OF EACH FISCAL YEAR.
A $jtp.f.fj

•

RR., b’ldings, equipm’t, «fee.
Securities <feprop’ty on hand
Materials, fuel, «fee................
Construction, «fee., for ye a r..
Income account..................
Total........ ; ......................
¿5 L iabilities —
Stock, common ......................
Stock, preferred...................
Funded debt (see Su p ’ment )
Bills payable...... ................
Loans payable.......................
Sundry balances*.......... .
Income account....................

1880.
^

1881.
©

83,923,952 107,658,815
286,119
435,862
873,875
1,212,245
3,116,529
11,578,866
............
1,452,858
88,200,475
<jj
21,614,500
20,453,000
42,094,858
336,703

2,682,234
1,019,180

1882.
Receipts —
$
113,285,929 Net earnings .
Other
receipts.
8,667,697
700,404
3,044,013
Disbur semente­
2,035,881

122,338,646

127,733,924

26,921,500
23,033.200
66,291,858
355.466
1,500,000
4,236,622

27,140,500
23,034,200
70,937,854
239.057
3,037.000
3,345,313

r e i earn’gs of W. J. <fcAtl. and P. «feO. C. RRs.

1881.
$988,525

1882.
$1,109,410

427,572
3,074

454,667

$430,646

$454,667

$33.034
175,726
53,034
54,390
4 p.o.

$33,034
177,118
57,775
82,807
6 p. 0 .

$316,184
114,462

$350,734
103,933

West Jersey A Atlantic.— Newfleld, N. J., to Atlantic City, N. J., 34
127,733,924 miles. Opened .Tune 17,1880, and operated by West Jersey Railroad
on a joint traffic agreement and 25 per cent of gross receipts on West
* Includes audited vouchers, interest accrued, mterest not due, un­ Jersey from traffic of this road to be applied to any deficit in interest
paid taxes, &c.
and then as sinking fund for bonds purchasable at i05, or drawn if
The trustees of the general mort. for $50,000,000 are the Central Trust over that. In 1882 net earnings were $57,408. Stock is $552,200.
Co. of N .Y. and James Cheney of Indiana. It provides for taxing up all
Western Alabam a.--Line of road— Selma to Opelika, Ala., 116 miles;
the old bonds as they mature, or by exchange at any time the holders offer
them, and reserves $33,000,900 for that purpose ; and the bonds so taken blanches, Opelika to West Point, 22 miles; total, 138 miles, of which 50
miles
is leased to Louisville <fcNashville for $52,000 per annum. Was a
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 months consolidation in 1870 of Montgomery <feWest Point and Western of Ala­
bama.
Sold May 10,1875, in foreclosure and purchased jointly by the
default of interest, if a majority in value of .all the bondholders so
request the trustees. First mortgage on St. Charles Bridge is for Georgia Railroad and Central Railroad of Georgia. The old stock and
income
bonds were wiped out in the foreclosure, and the property is
$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, represented by the bonded debt and $846,000 due each of the above com­
panies.
There are also $12,000 second mortgage 8s of Montgomery <fc
includes the scrip certificates for coupons funded and deposited in trust,
West Point RR. due May 1, 1888. The gross and net earnings have
which certificates amounted January 1,1883, to $1,0)4,453, and are been
as
follows:
exchangeable into the bonds. If not exchanged the certificates fall due
Gross
Expenses and
Net
with the principal of the bonds from which coupons were cut.
Miles.
Earnings.
Taxes.
Earnings
The old Toledo <feWabash equipment bonds of 1862 ($600,000) were 1876.
167
$467,597
$367,072
$100,524
decided in March, 1883, to be a lien against this companv, with interest
. 167
544,107
367,454
176,652
since 1874, making about $1,000,0 )0; but this is yet in litigation. The 1877. 167
579,492
183,994
395,498
collateral trust bonds of 1883 ($ 10,u00,o00) were issued for floating
15 >
679,746
402,797
276,949
. debt, «fee., and $4,000,000 reserved to take up car trust certificates as
.1
1
7
692,911
316,154
376,757
they mature.
. 88
442,539
290,302
152,237
Preferred stock has a prior right to 7 per cent (non-cumulative); then — (V, 36, p. 332.)
common to 7; then both share in any surplus.
The Toledo Peoria <fc War. company made default Dec., 1873, and was
Western A Atlantic.—Atlanta, Ga., to Chattanooga, Tenn., 138 miles.
operated by a Receiver until sold m foreclosure on Jan. 20,1880. It
was purchased by a committee of bondholders for $6,000,000, and re­ Built by State of Georgia and opened in 1850, and by an act of October
24,1870,
was leased to a company for twenty years at a monthly rental
organized as Toledo Peoria <& Western. This company made a lease for
the term of its charter to the Wabash St. Louis. <&Pacific on terms as of $25.000. In 1881 gross earnings were estimated at $1,500,000, and
net,
$600,000;
$300,000; surplus, $300,000 (V. 32, 184; V. 34.
follows, v iz .: That the Wabash Pacific guarantee 7 per cent on the p. 317; V. 35, p.rental,
133, 291.)
$4,500,000 first mortgage bonds of the Toledo Peoria <fe Western.
The $2,900,000 income bonds to be guaranteed at 4 per cent
Western M aryland .— Line of road— Baltimore to Williamsport, Md., 90
and to be convertible at par for Wabash St. Louis <fc Pacific common
stock. The $1,000,000 second preferred income bonds were also convert­ miles; Emmitsburg Branch, 7 miles; Edgemont to Shippem—
burg,
Pa., 34 miles; total, 131 miles. The capital stock is $682,050.
ible into Wabash preferred stock, share for share. The stock of the
company was largely assisted by the city of Baltimore, and
Toledo Peoria <&Warsaw was scaled 25 per cent common, 30 per cent The
was
unable
to pay all| its interest. A compromise was made with
second preferred and 50 per cent first preferred, each shareholder
receiving this amount in new stock of the Toledo Peoria & Western the preferred second mortgage bondholders for-funding coupons.
The
Baltimore
«fe Hanover RR. was completed to its connection with
stock. The Toledo Peoria <fe Western stock ($3,000,090) was changable
road in 1880. The Western Maryland operations for five years
into Wabash common stock, three shares for one. (V. 35, p. 52. 95. 266, this
have
been
as
follows,
but in 1878-79 the construction account was
706, 763, 764; V. 36, p. 254, 304, 327, 338, 400, 427.445, 561, 724.)
closed and all expenses charged to operating expenses, on which basis
Ware R iver—Palmer, Mass., to Winchendon,Mass., 49 miles. It is
Passenger
"Freight
Gross
Net
leased for 999 years to the Boston <&Albany Railroad at a rental of 7
Mileage.
Mileage. Earnings. Earnings.
Miles.
per cent per annum. J . A. Rumrill, President, Springfield, Mass.
1877-78........... .. 93
7,411,061
5,180,982 $347,202 $129,927
Warren, V. J .— Line of road, New Hampton Junction to Delaware 1878-79.............. 93
8,502,388
5,469,519
347,442
73,096
Bridge, N. J., 18*4 miles. Tlie road is leased to Delaware Lackawanna 1879-80........... . 93
10,705,925
'6,645,328
397,564
88,278
& Western at 7 per cent on stock and bonds. Gross earnings. 1881. 1880-81........... .111
12,277,592
7,278,431
461,871
85,952
$593,234^;)i!et, $345,274; 1882, gross, $481,985; net, $255,191. (V. 18a 1-82........ ... .124
13,401,848
9,172,272
540,148
175.657
— (V .3 4 ,p . 8 5 ;; V. 35, p. 457.

Total liabilities...............




88,200,475

122,338,646

1?A l U tO A T )

f " Ix x

STOCKS

AND

BON DS.

fV oL. X X X V II.

Subscribers w i ll confer a great favor b y giv in g Im m ediate notice o f an y error discovered In these Tables.
IN T E R E S T OR D IV ID E N D S .
D ES C R IP TIO N .
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks— Last
Par Outstanding
of
of
F o r explanation of column headings, &c., see notes
Dividend.
Whom.
Cent. Payable
Road. Bonds Value.
on first page of tables.
West Jersey A A tlan tic—1st mortgage.......................
Western (Ala.) — Western RR. bonds, before consol..

2d mort.. guar, by Cent, of Ga. and Ga. RR. & B. Co.
Western A A tlantic (6 a) — Income bonds....................
Western M aryland—1st mort., endorsed Balt. C ity ..
1st mortgage, unendorsed........................................
2d
do ~ endorsed by Baltimore....................
2d
do
endorsed by Washington County ..
2d preferred mortgage, unendorsed................ ..
3d mortgage, endorsed by Baltimore.....................
4th
do
endorsed by Baltimore....................
Funded coupons............. ...........................................

Western Pennsylvania — 1st mortgage........................

1st mortgage^ Pittsburg Branch.............................
General mortgage___-T.............................................

34
44
160
138
90
90
90
90
90
90
90
60
130
189
57
28
”65

Wheeling A L ake E rie. — 1st M., gold ($15,000 p. m.)
Wilmington Columbia A Augusta —Stock.............
1st m o rtg a g e ..................~.. . . . . . .......................... .

Sinking'fund bonds, gold..........................................
Wisconsin Centred—Consol, mort., land grant, pref.

189

1880
1868
1870
1873
1858
1858
1867
1867
1868
1870
1872
1880
1877

$1,000

1881
1863
1865

1,000
500 &c.
100 &e.
....

1879
1882

1,000

1880

79
.180

Worcester A Nashua —Stock.........................................

326
326
326
46

Bonds, mortgage........ ' . r ..........................................
Nashua <b Rochester—Stock.....................................
do
do
1st ro., guar, (for $700.000)

48
48

1879
1879
1879

1,000
1,000
100 &c.
500 &c.
500 &c.
500 &c.
500 &cL
500 &c.
500 &c.

__

1,000

___
"V
100
....

....
....

100
100 &e.
1873 500 &e.
1875 lOOO&c.

.

1874

500 &c.

Western M innesota—Sauk Rapids, Minn., to Brainerd, Minn., 61
miles. Road opened Nov. 1, 1877. Leased to the Northern Pacific
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
Is 537,842 acres. George L. Becker, President, St. Paul, Minn.
Western North C arolina—March 31,1882, owned from Salisbury, N. C.,
to Paint Rock, Tenn. State line, 190 miles; Asheville to Pigeon River, 20
miles; total, 210 miles. The road was financially embarrassed, and was
purchased April 17, 1875, by. commissioners for the State of North
Carolina, and subsequently finished by the Richmond & Danville Ter­
m inal Railway Company. It is proposed to complete the road to Cleve­
land, Tennessee. In 1881-82 gross earnings, $218,934; net, $28,505.
Btock, $4,000,000. (V. 34, p. 179, 366; V. 35, p. 103, 298, 374.)
Western P en nsylvan ia—The road runs from Blairsville to Alleghany
City, Pa., 63S m iles; branch to Butler, Pa., 21 miles; total, 841« milesComnleted in 1865 and branch in 1870. A new lease to the Pennsyl­
vania Railroad for 30 years was made in l*-83. The Pennsylvania Rail­
road, lessee, owns $993,050 stock out of the total amount of $1,022,450,
¿288,000 of branch bonds, and all of $1,200,000 general mortgage
bonds- In 1881 net earnings were $166,954; in 1882, $216,965. ( V. 35,
p. 393; V. 36, p. 611.)
White Water.— Valley Junction, O., to Cambridge City, Ind., 65 miles.
This was formerly the WhiteWater Valley, sold in foreclosure May 2,
1878, and reorganized under this title. Gross earnings in 1882-83,
$104,234; deficit, $5,979. Elijah Smith, President, Boston, Mass.
Wheeling A L ake E rie.—Road under construction— Wheeling. W. Va.,
to Toledo, O., 205 miles, and branch, Norwalk to Sandusky, O., 21
miles. In May, 1883, 168 miles in operation. Bonds offered in New
York, Ju ly, 1880 by N. Y . New England & Western investment Co.
Stock, $4,590,000. (V. 34, p. 52; V. 35, p. 23, 71,103, 162; V. 36, p.
560.)
Wilmington Columbia A Augusta.— Sept. 30,1882, owned from W il­
mington, N. C., to Columbia, S. C., 189 miles. Leased jointly. Lane,
S. C., to Sumter, S. C., 33 miles. Total operated, 227 miles. In 1880-81
there was expended $42,000 out of earnings for locomotives. Paid 3
per cent dividends for 1880 and 1881.
Road was sold in foreclosure, October, 1879, for $860,500, and re­
organization is in progress. The scheme of reorganization (which was
carried out) provided that a new corporation should be created, with a'
capital stock of $960,000 and $1,600.000 in thirty-year first mortgage
bonds. The holder of $2,000 of the old oonds, together with the certifi­
cates for funded interest, received a $1,000 bond of the new company,
and in addition six shares of stock. The plan adopted provided only for
the first mortgage bondholders, and cut off income bonds, $600,000;
■certificates of debt, $336,000; floating debt, $879,022, and the capital
stock of the old comoany, $300,000. Earnings have been:
Years.
Gross E a m ’gs. N e tE a m ’gs.
$547,446
$145.423
1879- 80..........
1880- 81.......
640,956
135,917
1881- 82..............................
692^628
139,592
— (V. 33, p. 6 8 6 ; V. 35, p. 65 7.)
Wilmington A Northern. — Deo. 31, 1882, owned from Wilmington
Del., to Reading, Pa., 72 miles; branches, 7 miles; total owped 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 A Weldon.— Road extends from Wilmington to Weldon,
N. C., 163 miles; branch to Tarboro, 17 miles; total, 180 miles. Was leased
November, 1872, to Wilmington Columbia & Augusta Railroad for 99
years. The lessees made default December, 1877, am), the lease was sur­
rendered April 13,1878. For three years, 1879-81, 3 per cent yearly
dividends were paid. The earnings and expenses for five years have been:




$500,000
600,000
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
3,100,000
800,000
1,000,000
1,200.000
1,300,000
2,550,000
2,280,000
960,000
1,600.000
1,278,050
2,082,400
221,400
936,000
400,000
3,800,000
5,700,000
1,789,800
275,000
250,000
400,000
1,305,800
700,000

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

Phila., Fidelity I. T . Co.
N . Y ., Nat. City Bank.
do
do
Atlanta, Co.’s Office.
Balt., N . Mechanics’ B ’k
do
do
do
do
Hagerstown, Md.
Balt.,N. Mechanics’ B ’k
do
do
do
do
do
do
M. & N. N. Y ., Northern Pacific.

M. & S.
A. & O.
4. & O.
Q -J .
J. & J.
J. & J.
J. & J.
J. & J.
J . & J.
J. & J.
J. & J.

J.
A.
J.
A.

&
&
&
&

May 1,
J.
Jan. 1,
O. Philadelphia, Penn. RR. A p ril 1,
J.
Jan.
1,
do
do
O.
do
do
Oct. 1,

6 g. M. & N. N. Y ., C. K . Garrison.
M. & S.
7
J. & J .
3
Baltimore.
J. & D. N. Y . and Baltimore.
6
3
7 g.
7 g.
5
2 to 5
2 to 7
lJfi
5
5
,5
1^
5

Sept. 1, 1910
Oct. 1. 1888
Oct. I , 1890
Oct. ’79 to ’91
Jan. 1, 1890
Jan. 1, 1890
Jan., 1895
Jan., 1895
Jan., 1895
Jan., 1900
Jan., 1902
1890

j. & b .
M. & N.
London.
J. & J. N. Y.,Bost. ,Lond.,Frank
M. & N.
Boston.
J. & J.
do
J. & J.
do
J. & J
Worcester, Office.
Various
do
do
A. & O. Bost., Globe Nat. Bank.
F. & A.
do
do
A. & O.
Worcester, Office.
A. & O. Bost., Globe Nat. Bank.

1890
1911
1893
1896
1901

Nov. 1, 1909
1912
Ju ly 10,1883
June, 1910
Ju ly ie , 1883
/
1886
1896
5 p. ct. yearly
1909
1909
Ju ly 2, 1883
May 1, 1887
April 1, 1893
Feb. 1, 1895
Ju ly 2, 1883
April 1, 1894

Gross
Net
Gross
Net
Years.
Earnings. Earnings. Years.
Earnings. Earnings.
1877-7 8 ........ $488,448 $176,277 1880-81..........$750,916 $303,833
209,472
1878-7 9 ........ 505,978 175,693 18 8 1 -8 2 ...... 783,790
1879-8 0 ........ 603,175
221.698
-(V. 33, p. 685 ; V . 35, p.~657.)
Wisconsin Central.— Dec. 31,1882, owned main line and' branches
Stevens Point to Menasha, 65 miles ; do. to Ashland, 186 miles ; do. to
Portage City, 70 miles : branches, 7 miles ; total owned, 327 miles. Leased
from Neenah to Schleisingerville, 65 miles ; operated under contract,
Milwaukee to Schleisingerville, 32 miles. Total operated, including
feeders, 440 miles. The lease of Mil. & North, was surrendered Aug.,1882.
In Ja n .,1879, the Wis. Cent. Road was taken possession of by the trustees
for bondholders, who still operate it. There is a land-grant of over
800,000 acres, and on March 1, 1882, proposals were invited for
$100,000 bonds to be sold to the sinking fund and paid for with
proceeds of land and stumpage sales. The plan of reorganization
has been practically accomplished. This embraced the issue of a new
consolidated mortgage to cover $400,000 5 per cent preferred bonds;
$3,800,000 first séries bonds, bearing 2 per cent for three years from
Ju ly 1,1880, and 5 per cent afterward ; and $5,700,000 second series
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
payable J. and J., but dependent each time on the net earnings of the
half year ending six months before. The stock of $11,500,000 remains,
$2,000,000 of it preferred and $9,500,000 common, and is all deposited
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
tees is likely to continue so to be. Trustees’ certificates for new stock
(without voting power) have been issued to the old stockholders, which
pass as a delivery on sales. In March, 1882, the Trustees and companyleased for 99 years the Milwaukee & Winnebago Railroad, from Neenah
to Schleisingerville, which was completed in December, 1882 ; the rental
is 37*2 per cent of gross earnings up to $175,000' per year, all surplus to
go equally to lessor and lessee, and the bonds are issued subject to this
lease. For four years past the earnings, &c., were :
Gross
Net
Freight (ton)
Passenger
Earnings.
Earnings.
Mileage.
Mileage.
Years. Miles.
$851,090
$193,090
30,920,076
6,385,319
1879 . . . . 455
1,146,352
265,748
41,550,726
8,746,766
1880 . . . . 460
1,365,967
272,108
- 47,766,777
10,466,444
1881 . . . . 461
252,468
1,388,490
1882 . . . . 440
- ( V . 34, p. 147, 317, 522, 655 : V.-35, p. 23,298, 313, 374,405, 578,
707, 737; V. 36, p. 676.)
Worcester A N ash ua—Sept. 30,1882, owned from Worcester to Nashua,
46 miles; leased, Nashua & Rochester, 48 miles; total operated,
94 miles. Paid regular dividends of 10 per cent for some years
before 1874-5. In 1875-6 the leased line charges (Nashua & Rochester, 48
miles) first appear in the accounts, and the Worcester & Nashua paid
only 5*2 per cent dividends in that year. The rental charge being
plainly too heavy, an agreement was made in 1879 to reduce the
interest on bonds to 5 per cent, and the dividends on Nashua
& Rochester stock to 3 per cent per annum. The interest on Worcester
& Nashua bonds was also reduced to 5 per cent, and surplus earnings in
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
5 per cent W. & N. bonds. Five yearff operations were as follows:
Net
Gross
Passenger
Freight
Earnings.
Earnings.
Mileage.
Mileage.
Years. Miles.
$168,351
$473,240
9,961,740
5,703,761
1877-8 .... 94
473,081
165,495
12,123,444
6,168,871
1878- 9 .... 94
553,592
167,033
14,995,020
6,784,960
1879- 80 .. 94
588,770
16,153,062
155,196
7,222,999
1880- 81 -. 94
640,162
165,174
7,467,524
16,999,008
1881-82... 94
- ( V . 33, p, 580 : Y . 36, p. 139.)

A dg¥ st,

CANAL

1888.]

STOCKS A N D

BON DS*

Subscribers w ill confer a great favor by g iv in g im m ediate notice of any error discovered in tbese Tables.
D E S C R IP TIO N .
Miles Date
For explanation of column headings, &c., see notes of
of
on first page of tables.
Canal Bonde
Alberm arle <&Chesapeake — Stock.............................

Mortgage bonds..........................................., . ......

Chesapeake <6 Delaware — Stock................................

1st mortgage (originally $2,800,000)....................
Chesapeake <& Ohio— Stock....................................
Maryland loan, sinking fund___'......................
Guaranteed sterling loan........................................
Bonds having next preference..................... . . . . .
Delaware D ivision—Stock, (Conv.into L.C.&N.stck
1st mortgage (extended 20 years in 1878)..........
Delaware <&Hudson — Stock.......................... ..........
1st mortgage, registered..... ..............................
do
do
.................................. .
Debenture loan of 1894, coup and reg...............
1st M., coup. & reg., on Penn. D iv. ($10,000,000)
■,Lehigh Coal <&Navigation — Stock..........................
Loan, conv„ coup., gold (assumed L. & W. Coal Co)
1st mortgage, registered............................. ...........
1st mortgage, registered, railroad...................
Mort. loan, g. ($2,810,000 assumed by other co’s.)
Consolidated mortgage loan.. : .......................... .
Greenwood 2d mortgage, reg. Extended, 1877.".
S c rip ........................ ........................................ ' ........
Morris—Stock, consolidated............. .......................
Preferred stock.................. ............................ ...........
New mortgage (for $1,000,000).............................
Boat loan........... . ................ ...................................
i Preferred stock scrip dividend...............................
•Pennsylvania — Stock...........t ......................................
General mortg., interest guar’d by Penn. R R ___
Schuylkill Navigation—Stock, common..................
Preferred stock............................. ....... ..................
1st mortgage, extended............................................
2d mortgage.......................................................... .
Mortgage bonds, coup, (payable by P. & R . ) _____
Improvement bonds................ ............ a..................
Boat and car loan....................... r .......... .................
Boat and car loan........... I ........: ............................
Susquehanna — Maryland loan, 2d mortgage............
Susquehanna Canal, common bonds, 3d m ort.......
do ~ pref. bonds, 1st mort.........
do
pref., 1st T . W. priority b’ds.
do
bonds of 1872,4th m ort.. . . . .
Union — 1st mortgage.......................................... .......

14
14
184
184
184
184
60
60
148
148
148
339

1879
1856

1858
1869
1871
1874
1877
1869
1864
1867
1867
1871
1872

103
103
103
103
¿'37
337
108

85

1876
1865
1869
187Ò

1870
1863
1864
1839
1859
44-’64
41-’64
1872

Bonds — Princi­
IN T E R E S T OR D IV ID E N D S .
Amount
Dus*
Par Outstanding
Rate peí When Where Payable, and by pal,When
Stocks— Last
Value.
Cent. Payable
Whom.
Dividend. :
$ ....
$1,500,000
1,000
500,000
7
J. & J. N. Y ., Union Trust Co. Ju ly 1, 1909
50
2,078,038
J. & D. Philadelphia, Office,
Vario’s
1,993,750
6
J. & J.
do
do
Ju ly, 1886
25
3,851,593
J. & J.
500 &c.
2,000,000
6
Q - J . Bait., A. Brown & Sons
1870
500 &c.
4,375,000
5
Q— J.
London.
1890
500 &c.
1,699,500
6
J . & J . Balt., A . Brown & Sons
1885
•
50
2
674,950
F . & A. Phila., 258 So.. 3d st. Aug. 35, 1883
1,000
800,000
6
J. & J. „ _ do
do
J u l y l . 1898
100 20,000,000
1% G -M c h . N. Y ., Bk. of Commerce June
11.1883
1,000
3,385,000
7
J. & J
do
do
1884
1,000
5,549,000
7
J. & J.
do
do
1891
1,000
4,829,000
7
A . & O.
New York, Office,
1894
1000&C.
5,000,000
7
M. & 8.
do
do
Sept. 1. 1917
50 12,151,950
2*2 J . & D. Philadelphia, Office, June 6, 1883*
500 &c.
771,000
do
do
6 g- M. & 8.
1894
Var.
5,381,840
6
Q— J.
do
do
1884
Var.
2,000,000
Q— F.
6
do
do
1897
500 &c.
4.653,000
do
do
6 g- J. & D.
1897
1,000
2,470,750
7
J. & D.
do
do
June 1, 1911
1,000
643,000
7
F. & A.I
do
do
1892
various.
243,451
6
M. & S.l
do
do
1883-’84
100
1,025,000
2
F. & A.
Aug., 1883
100
1,175,000
5
F. & A.
do
do
Aug., 1883
1,000
780,000
7
A . & O.
do
do
A prii 1,1908
various.
220,000
7
A . & O.
do
do
Oet., 1885
various.
103,164
7
F. & A.
do
do
Feb., 1889 50
4,501,200
1,000
2,984,000
6
J. & J. Phila., 233 So. 4th St.
July, 1910
50
695,900
35c.
Philadelphia, Office,
June 8,1883
50
3,282,550
70o.
do
do
June 8,1883
1,000
1,709,380
6
Q. -M .
do
do
March, 1897
1,000
3,990,390
6
J. & J.
do
do­
1882 to 1907
1,200,000
6
J. & J.
do
do
1895
1,000
228,000
6
VI. & N.
do
do
May, 1880
1,000
756,650
6
VI. & N.
do
do
May, 1913
1,000
628,100
7
VI. & N.
do
do
May, 1915
1,000,000
6
J. & J. Phila. and Baltimore,
Jan., 1885
1,000
1,324,000
6
J. & J.
do
do
Jan. 1, 1918
500
227,500
6
J. & J.
do
do
Jan., 1894
500
97,810
6
J. & J.
do
do
Jan., 1894
1,000.
250,000
7
J. & J.
do
do
Jan., 1902
—
3,000,000
M. & N. Philadelphia, Office.
May 1,1883

Alberm arle «6 Chesapeake .— Securities placed on New York Stock
Exchange list February, 1880. Prest., Marshall Parks, Norfolk, Ya.
Chesapeake & Delaware .— Delaware City to Chesapeake City, Md.
Chesapeake & Ohio .— In a suit against the comp any the Court (January»
1881) declined to appoint a Receiver, but ordered the company to report
at stated times its receipts and payments.
Delaware D ivision .— Leased to Lehigh Coal & Navigation Co. at interest
on bonds and 4 per cent a year on stock. In 1882 $958,400 was con­
verted into Lehigh Coal & Nav. stock, leaving $674,950 unconverted
— (V. 36, p. 193.)
Delaware & Hudson .— This company, which is among the largest miners
and carriers of coal, leases the Alb. & Susa, and Rensselaer & Saratoga
railroads. Also endorses bonds of N. Y . & Canada RR. The stock is
to be increased to $30,OuO,000 to pay off bonds maturing in 1884 and
1891. To shareholders of May 24, 1883, there was allotted 35,000
shares to be paid for at par. The annual report for 1882 was given in
Y . 36, p. 193.Comparative statistics for four years
INCOME ACCOUNT.

1879.
Eeceipts —
$
(5,764,477
Sales or coal.........
Canal tolls. *.......................
41,025
Miscellaneous profits.. . . . .
91,408
Coal on hand (Dec. 3 1 )___
535,264
Railroad earnings in Penn.
595,663
Profit on leased lines..........................
Interest on investments.. .
326,635
Balance....... j ...............
630,643
7,985,118
T o ta l.......................
Disbursements—
$
Coal bn hand Jan. 1..........
673,651
Mining coal......................... 3,003,893
Coal transportation, & c...
641,951
Canalfreight and exps___ 1,764,195
Interest............................... 1,234,449
Taxes and miscellaneous .
350,916
Loss on leased railroads.. .
316,059
Balance........................... .....................
Total.................. .......... 7,985,118

1880.
1881.
1882.
$
' $
$
7,210,524 9,328,763 8,993,540
42,810
58,400
60,007
93,516
243,537
187,363
727,283
345,075
492,924
805,914
561,948
812,455
8,465
312,243 , 301,858
249.497
8,948,327 11,083,547 10,804,251
$
$
$
535,264
727,284
345,075
3,171,369 3,985,304 4,422,2Í3
755,331
798,701
596,827
1,568,245 1,737,979 1,680,192
1,343,973 1,374,784 1,312,083
400,401
407,756
366,578
14,642
1,351,429 2,102,464 1,838.201
8,948,327 11,0«3,547 10,804,251

GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.

1879.
1882.
1880.
1881.
$
$
¥
Canal, &c...................
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, &c........
720,487
690,397
746,791
683,185
Lack. & Susquehanna R R . 1,022,293 1,022,938 1,022,938 1,022,938
Albany & Susquehanna.
1,074,808 1,008,787
New York & Canada R R .. 3,597,074 3,597,074 3,597,074 3,597,074
Cherry Val. & Shayon R R .
300,000
300,000
300,000
300,000
Meehan. & Ft. Edward RR
16,146
48,296
Schen. & Meehan. R R .......
200,773
210,922
535,264
Coal on hand Dec. 31........
727,283
345,075
492,924
Advances to leased lines..
368,773
608,894
400,015
637.605
Adv ances on eoal royalties
605,326
615,514
613,181
625,073
Miscellaneous assets........ 4,480(701 4,294,706 2,985,349 3,658,429
Telegraph and Car Co___
69,410
69,410
69,410
69,410
Supplies on hand..............
878,000
962,130 1,148,322 1,408,449
Cash and bills receivable.. 3,140,116 3,785,656 3,884,088 2,609,203
Profit and loss.................. 1,208,726
assets................ .40,981,301 41,041,614 40,902,484 41,087,986
Assets—

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 accounts... 1,144,301 1,003,827
823,053
836,899
Profit and loss.......................................
200,786 1,236,431 1,488,087
Total liabilities...........40,981,301 4¿,041,614 40,902,484 41,087,986
* Thesè miscellaneous assets include the following : Jefferson RR.
bonds (85), $85,000; Albany & Susquehanna consols (1,701), $1,701,000;
sundry bonds- $64,538; 8,540 shares Albany & Susquehanna, $854,000;
8.241 shares Rensselaer & Saratoga, $824,100; sundry stocks, $129,791.
— (V. 34, p. 176, 2 6 2 ; V. 35, p. 51 ; V. 36, p. 139, 193, 426, 535 ; V. 37,
p.2 3 .)
~
.
Lehigh Coal & Navigation .— The Central Railroad of New Jersey
ssumes (in purchase or equipment) $2,310,000 of the gold loan due
1897 and leases the Lehigh & Susquehanna Railroad. Thè Lehigh &




Wilkesbarre Coal Company assumes $500,000 of the 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 :
receipts .
1880.
1881.
1882;
Railroads and Nesquehoning Tunnel. $1,157,900 $1,429,468 $1 ,4 4 5 , 1 9 0
108,666
Lehigh Canal....................................... &
55,830
55,699
Water Powers Lehigh Canal...........
~
“ ......
39,755
18,947
21.065
Delaware Division Canal_____ . . . . . .
90,176
74,044
47,58«
Net profit on Lehigh Coal..................
185,626
240,742
325,66«
Royalty on coal mined by lessees ..
6,076
7,573
7,209
Revenue from ren ts...................... .
33.728
35,660
31,973
Miscellaneous receipts.................. ..
13,316
____ 7,737
4,824
T o t a l................................ ............$1,609,676 $1,875,592 $1,939,213
DISBURSEMENTS.

General and legal expenses . . . ___...
Rent and taxes Nesquehoning Val.RR
Rent and taxes Delaware Div. Canal
Taxes chargeable to canals.................
Taxes chargeable to coal& coal lands
Taxes on capital stock..... ..................
Taxes on landed property & impr’ts.
Interest account................... |..............

$51,792
97(050
125,438
2,568 )
42,983 l
22,725 (
12,876 J
932,231

$59,101
97,050
120,330

$62,892
97,050
102,35«

70,147

74,648

915,039

942,973

$1,287,664 $1,261,668 $1,279,919
Surplus............................................. $322,011 $613,924 $659,293
The balance to credit of dividend fund Dec. 31.1880, was $194,236;
Dec. 31,1881, was $471,445; Dec. 31, 1832, was $535,457.
The President’s report for 1832 said: “ During the year an opportu­
nity occurred of purchasing a coal property known as the Kentucky
Bank Lands, situated about five miles west of Tamaqua.” * ' * “ The purchase covered 884 acres, which cost $222,089 60, about the amount
which our sinking fund receives in three and a half years from a charge
of ten cents per ton of coal mined. B y the operation of this charge the
valuation of our coal lands, which stood on our books Jan. 1,1873, a t
$5,874,196 27, being at the rate of $816 per acre for 7,201 acres, h a s
been reduced, so that, including the Kent and McLean purchase in 1874
of 175 acres, and the Kentucky Bank Lands, and deducting 207 acres
as worked out, which is a fu ll' allowance for the lands exhausted by
m iring in the last ten years,we had Jan. 1,1883, 8,053 acres of equally
valuable land charged at $5,816,058 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 w a s
about to pass under the control of another railroad company, a loan of
$75,000 was made, secured by the transfer of eleven thousand shares of
stock, 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 t o
pass to market over our lines of railroad.” *. * * “ During the p a s t
year the extended debenture loan of $106,190 76, the convertible de­
benture loan of $41,550, and the Greenwood first mortgage loan of
$140,000, amounting in all to $287,740 76, were paid at maturity.
These payments, and the purchases and loans above recited, necessi­
tated some increase of the floating debf, which, after deducting cash
assets, now amounts to about $1,000,000; against which this company
holds $740,000 of its consolidated 7 per cent bonds, $306,000 Delaware
Division Canal Company’s bonds, and 18,901 shares of its own stock.’*
— (V. 34, p. 229,604; V. 36, p. 2 19, 652.) M orris.— Leased April, 1871, to Lehigh Yalley Railroad for 999
years. The lessees assume bonds and scrip, and pay 10 per cent p e r
annum on pref. stock and 4 per cent on consol, stock.
Pennsylvania. — Worked in interest of Pennsylvania Railroad, which
guarantees interest on bonds. An old mort. of $90,000 is due in 1887 Earnings in ’82, $381,033; net, $127,292; interest, taxes, &c., $205,987;
loss, 78,694; earnings in 1881, $370,405; net, $107,793; interest, &e.,
$185,115.
Schuylkill Navigation.— Leased from June 1,1870, to Philadelphia 4
Reading for 999 years. Rental received in 1882, $357,085. In 1880 the
lessees defaulted on the rental and propositions made by the Receivers
of the Phila. & Reading RR. to purchase coupons and dividends on ceptain terms were carried out. In March, 1883. the proposal froin Phila.
& Reading to merge this company by giving one share of Phil. & R .
stock for two of 8. N. preferred and one share of P. & R. for four of 8. N
common was rejected. (V. 34, p. 2 0 2 ; V. 36, p. 194. 332.)
Susquehanna. -Leased and operated by Philadelphia & Reading Rail*
road for interest on bonds and half of net earnings. The stock is ex­
changed for Phila. & Reading, two of canal stock for one of Reading;
Dec. 31,188 2, the floating debt was 507,684. (V. 36, p. 561.
Union.—Stock, $2,909,850.

lxxii

M IS C E L L A K E O U S

STO CK S

ANO

BOH DS.

[V oli. X X X V II.

Subscribers w ill confer a great favor by giv in g im m ediate notice o f any error discovered in tbese Tables.
Bonds — P rinei
D E S C R IP TIO N .
IN T E R E S T OR D IV ID E N D S .
Date Size, or
Amount
pal,When Due
explanation of column headings, &c., see notes on
par
of
outstanding. Rate per When Where Payable, and by Stocks— Last
first page of tables.
Bonds Value.
Cent. Pay’ble
Whom.
Dividend.
Adams E xpress — Stock....... ....... . . ................. ..
.. .
Am er. Tel. <&Gable — Stock ($20,000,000) guar. 5 by West.Ü
A m erican Coal (M aryland )— Stock...................................... .
Am erican District Telegraph,— Stock.................. ..................
American Express — Stock........................................................
B ankers' & Merchants’ Telegraph — Stock...............................
Boston L aú d — Stock......................... .......... ............................
Boston Water Power — Stock.....................................................

Mortgage bonds (for $2,800,000)........................................

Canton Im provem ent — Stock...................................................

....
....

1874

Sterling bonds (sinking fund one-fifth of land sales)........ 1873
Mortgage bonds, gold, sixes (for $2,500,000).................... 1874

Central New Jersey Land — Stock............................................
Central <6 South Am erican Telegraph — Stock........................
Colorado Goal <&Iron — Stock......................................... .

....

1st consol, mortgage, gold.................................................... 1880

Consolidation Goal o f Maryland—S tock ........ . ....................

1st mortgage (convertible)__ ................. ..........................
-1st mortgage, consolidated, convertible........ ..................
Cumberland Goal <£ Iron — Stock.............................................
In tern a tion a l Ocean Telegraph — Stock..........¿......................
Iow a RR. L an d Co.— Stock........................ ....... ....................
Tlron Steamboat Company—B ond s ...................... ...................
M ariposa L an d <£ Mining—Stock...........................................
Preferred stock....................................... , ............................
Mortgage bonds........-............ : .............. ............................
M árylana Goal— Stock............................. ...............................
Bonds............................................. .......................................
M exican Telegraph — Stock__ . . . . . . . . . . . . . . ‘. .........................
M utual Union Telegraph — Stock, guaranteed......................
- 1st mortgage bonds, gold, guar, by West. U n io n ..............
New York <&Texas Land j Lim ited) — Stock.. *.......................
Land scrip receivable 75 per cent for lands___rtv.. . . . . .
Debentures, registered......................... ...............................

1864
1872

1881
1875
....

1881

$100 $12,000,000
2
100 14,000.000
2^3
25
1,500,000
2^2
100
2,400,000
100 18,000,000
3
300.000
6
" Ï0
800.000
50
4,720,815
10 s.
1,000
2,148,000
7
100
717,875
£200
495,000
6 g1,000
539,000
6 g.
100
2,400,000 7 scrip.
100
4,000,000
100 10,000,000
1,000
3,500,000
6 g.
100 10,250,000
2
1,000
270,000
7
1,000
752,000
6
100
500,000
6
3,000,000
3
ioo
1
4,437,000
500
500,000
6
100 io;ooo,ooo
100
5,000,000
1,000
250,000
100
4,400,000
1*2
1,000
161,000
7
100
1.194,000
4
100
2,500.000
3
1,000
5,000,000
6
50
1,500,000
6,000,000
....
322.515
7

Adams Express.—No reports; no information.

Q -M . N. Y ., Company’s Office. June 1, 1883
Q -M . N. Y ., West. Union Tel. June 1, 1883
M. & S. N. Ÿ ., 110 Broadway. Sept. 10,1877
J. & J. N. Y ., Company’s Office. Ju ly 2, 1883
....
Sept. 10, 1883
J. & D.

Nov. 12, 1872
June, 1884

Boston, Office.
do

J. & J. London, Brown 8. <feCo. Jan. 1, 1904
J. & J . New York or London. Jan. 1, 1904
Jan., 1875
F. & A. N.Y.,Office,47William St
N. Y ., Co.’s Office, 71 B ’y
J. & J.
do
do
J. & J.
do
do
A. «fe O.
New York, Office.
J. <& J. N. Y ., West. Union Tel.
Boston, Treas. Office.
Q.— F.
J. <fc J. N. Y ., Mercantile Tr. Co.
J. «fe J.

Jan. 27,1882
Jan., 1885
Jan. 1, 1897
Oct. 15. 1875
Ju ly 1, 1883
May 1, 1883
Ju ly 1, 1901

New York.

Jan. 1, 1886
Jan. 1, 1876
Nov. 1, 1906
J. & J. N .Y., Company’s Office. Jan., 1883
(?)
M. & N. New York, 1st Nat. Bk. May 1, 1911
1900

....

pany guarantees also 2d mortg. bonds of the Cumberland & Pennsyl
vania, and assumes $135,000 of, the Union Mining Co.’s bonds. The

A m erican Telegraph <6 Gable Go.— Owns two cables between Sennon total bonded debt on lands and railroads is $2,522,500. (V. 34, p. 2 9 0 .)

Cove, England, and Dover Bay, Nova Scotia. The stock of $10,000,000
*was partly paid up, and in April, 1882, a pooling arrangement was
toade with the other cable companies for 38 years, by which this com-,
pany receives 22 per cent of combined revenues while both its cables
are working and 1212 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>tock, increased to $14,000,000. 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.)
A m erican G oal — There are mortgage bonds for $200,000. No annual
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, Benamin Williamson, Richard S. Grant, William J. Boothe, A. J . Akin,
lavid Stewart. Gardiner P. Lloyd, President; George Sherman, Secre­
tary and Treasurer. (V. 32, p. 287.)
Am erican 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.)
B ankers’ & 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. (V. 34, p. 175'
V. 36, p. 107.
Boston Water Power .— The shares have strictly no par value. There
are 85,833 shares called “ proprietary” shares, or the number into which
the property of the company is divided. The assets consist mainly of
lands oh and near “ Back Bay,” in Boston, put in the company’s report
at a valuation of $4,428,141. (V. 34, p. 488.)
Canton Im provem ent .— The annual report for the year ending May 31,
1882, is in V7 35, 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
anteed its bonds, but sold this stock ($600,000) to the Northern Central
E R . in Anril, 1882. for $594,000. The Union RR. sinking fund of
$689,885 remains the property of Canton Co. (V. 33, p. 99; Y . 34, p.
196,520; Y .3 5 , p. 110.)
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; Panwood, $478,408;
Plainfield, $339,456; Duncllen, $346,148; Somerville, $77,861; Clinton,
$4,780; Bloomsbury, $26,345; Phillipsburg, $1,088 ; total, $2,416,935.
Bonds and mortgages, $33,890; land contracts, $12,282.
Central <£• South Am. Telegraph .— Line from Vera Cruz, 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 . Scrymser, Prest., N. Y.
Colorado Coal <& 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 & Rio
Grande Railroad parties. Stock is non-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 7J V. 35, p. 486; V. 36, p. 650..)
Consolidation Goal.— The annual report for ’82 contained the following:
The gross receipts from mines, railroads, reitts,
1881.
1882.
&c., (inel’g value of st’ck of 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

i

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.
Iowa Railroad L an d .— The total land owned was 65,328 acres
March 31,1883. (V. 35, p. 78; V. 36, p. 707)
Iron Steamboat Go.— Property consists of seven iron steamboats
Bonds and stock listed in June, 1882. Stock, $2,000,000.
M ariposa L an d & M ining .— There are outstanding only 15,000 shares,
the balance being owned by company. Litigation is in progress. (V. 34,
p. 291.)
M aryland Goal Go.—See annual report for 1882 in Chronicle, V. 36,
p. 705.
M exican Telegraph .— Galveston to Tampico and Yera Cruz; land line,
Yera 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 and Pacitto
Ocean. Jas. A. Scrymser, Prest., N. Y . (V. 36, p. 140.)
Mutual Union Telegraph .— Organized under New York State laws.
Stock was $600,000 and afterward increased to $10,000,000. In
Feb., 1883, a lease to Western Union for 99 years was agreed to at 1*2
per cent yearly dividends on the stock and interest on the bonds. May
5,1883, it was voted to reduce the stock to $2,500,000 with 6 per cent
per annum dividends. (Y. 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 <&Texas L an d — 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 unpaid coupons, or purchasing committee certifi­
cates, of the International and Houston & Great Northern railroad
receives $300 stock and $1,200 land serin of this Company. (V. 36,
4K 536.)
New Central Goal (M d .).-Y h c annual report for 1882 was published
in the C h r o n i c l e , V. 36, p. 706, showing net profits of year, $12,425;
and balance to credit Deo. 31,1882, $274,914. (V. 36, p. 706).
New York <&Straitsville Goal & Ir o n .— Has $300,000 bonds. The stock
admitted to New York Board April, 1880.
Northwestern Telegraph.—Tins 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-eightn per cent a year to 6 in 1897 and
afterward. The bond interest is guaranteed. (V. 33, p. 358.)
Oregon Improvement Go.— This compary owns $3,000,000 stock of
the Seattle Coal & Transp. Co.; $575,000 stock of the Columbia & Puget
Sound RR.; $1,969.000 stock of the Pacific Coast S. S. Co.; 170,000
acres of land, and other veal estate. (V. 36, p. 253.)
P acific M ail Steamship.—In February, 1880 an agreement was
made between this company and the Pacific Riilroads, 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 $1,295,288, which included $1,013,528 loans due
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:
EARNINGS.

1880-81.
$745,344
1,950,507
80,887
973,472
307,073
203,550
99,416
4,222
•
3,000
12,897
18,2*5
4,050

1881-82.
$693,065
1,675,777

1882-83.
$799,767
1,844.462

1,058,370
334,870
208,931
90,463

715,732
353,200
173,980
102,8e0

8,000
13,663
37,698
3,876

5,500
17,941
27,766
61,616

Total..... .................................. $4,402,647
3,172,705
E x p e n s e s ......... , — - ........ .

$4,124,713
3,223,036

$4,102,764
3,190,507

Net receipts.....................t . „ ...................... .
$435,335
$76,612 Net earnings................................. $1,229,942
— Consolidated mortgage bonds are held to retire old bonds. This'conv — (V. 34, p. 178, 625, 635 ; V. 36, p. 6 2 1 ).

$901,677

$912,257




Atlantic Line.................................
Panama Line................................
Trans-Pacific L in e .......................
Australian Line............................
Austral’n & N . Zea’ld subsidies..
Cent. Am. & Mexican subsidies..
British Columbia subsidy...........
Hawaiian Government subsidy.
Interest and divs. on investm’ts.
Miscellaneous................................
Exchange...................................

A ugust ,

1883. J

M1SCELLAJSTE0US

STOCKS

AJSTD B O K D S .

lx x iii

Snbscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in these T ables.
D ES C R IP TIO N .
Bonds — ^Princi­
IN T E R E S T OR D IV ID E N D S .
Date Size, or
pal,When Due,
Amount Rate per
Por explanation of column headings, &e., see notes on first of
Par Outstanding
When Where Payable, and by Stocks — Last
page of tables.
Bonds Value.
Cent Payable
Whom.
Dividend.
ISeve Centrât Coal-^-Stock., .............................. .......... . . _____
$100 $5,000.000
New
York,
Office.
Jan.
15,1881
New York, <&Strailsville Coal <&iro n — Stock........................
1.500.000
100
M’nthly
New York.
Aprii, 1880
Northwestern Telegraph — Stock........................ .....................
2.500.000
50
J. & j . N. Y.,West. Un. Teh Co Jan. 1, 1883
Bonds, Interest g u a ra n te e d ................ ...... . . . . . . ___
1.180.000
J. & J.
do
do
Jan. 1, 1904
Oregon Improvement Co.— Stock...........................................
Too 5.000. 000
Mar. 15, 1883
1st mort., gold, sinking fund................................................ 1880
4.946.000
1,000
J. & "d . N.Y., Farmers’ L .& T . Co Dee. 1, 1910
P acific M ail Steamship — S to ck .........................................
100 20 , 000,000
Sept., 1868
Pennsylvania Coal— Stock
..................... .......................
5.000. 000
50
Q.— F. N. Y ., " i l i 'Broadway.
May 1.1883
Pullm an Palace Car — Stock............................. ..:.................-.
12,574,400
100
Q.— F. N. Y ., Farm L. & T . Co, Aug. 15,1883
Bonds, 3d series...... ........ ....................£..................... . . . . . 1872
445.000
1,000
Q.— F.
do
do
Feb. 15, 1887
Bonds, 4th series..................... 7............................. .
1872
Q.— F.
820.000
1,000
do
do
Aug. 15, 1892
Bonds, debenture..... . ..................... ................. .............
1878
941.000
1,000
A. & O. » do
do
Oct. 15, 1888
Bonds, sterling debenture, convertible till April, 1881 .. 1875
49.500
£100
A . & O. Lond’n, J.S.Morgan&Co Aprii 1,1885
Quicksilver M ining — Common stock.. . . . . . . ..... ...................
5,708,700
100
May, 1882 :
Preferred 7 per cent stock, not cumulative........ .............
4,291,300
100
May, 1882
Railroad Equipment Co .— Stock (for $1,500,000)...............
900.000
100
Q .- F . N, Y ., Clark, Post & M. May, 1883
Coupon bonds. (See remarks below.). . . ; .......................... Var’s.
4.102.000
1,000
Quar’ly
do
do
Various.
St. L ouis Bridge & Tunnel B E .— Bridge stock, common.......
100
2.500.000
1st preferred stock, guar...................... ...............................
2.490.000
100
I. " & J . N. Y ., Drexei, M. & Co. Ju ly i," 1883
2d preferred stock, g u a r ............................ ...................;
100
3.000.
000
J. & J.
do
do
Ju ly 1 , 1884
1st mortgage, new, sinking fund................ ................... ; 1879
1,000
5.000.
000
4. & O. New Y ork and London. Aprii
1, 1 9 2 8
Tunnel P R. of St. Louis, stock, guar........... ................... ^.
1.250.000
I. & J. N. Y ., Drexel, M. & Co. Jan. 1, 1884
Southern <&Atlantic Telegraph — Guaranteed stock.............
948.000
"2 5
4. & O. N .Y ., West. Union Tel. Aprii, 1883
Spring M ountain Goal— Stock, guar. 7 per ct. by L. V . ___
1.500.000
50
I. & D. N. Y ., Company’s Office. June 11,1883
Sterling Iro n <&Railw ay .— Stock...............................;............
2.300.000
50
Mortgage bonds, income, series “B ” .......................... ........ 1880 500 &c.
418.000
Feb.
New York.
A prii i , 1894
Plain income bonds..................... ...................................... 1876
1,000
495,575
Oct. 1,1896
Sutro Tunnel— Stock................... .................................. ; .......
10 18,920,000
Mortgage bonds (for $2,000,000)...................... ................ 1879
600.000
London.
Jan. 1, 1891
United, States Express — Stock............................................. ....
Too 7.000. 000
Q .- F .
New York, Office.
Aug. 15,1883
United Slates Rolling Stock— Stock.................... ....................
5.000.
000
M. & S. New York and London.
<?>.
Wells, Fargo & Company Express — Stock.............................
6.250.000
io o
J. & J.
New York, Office.
Ju ly 16,1883
Western Union Telegraph — Stock............. .............................
100 80,000,000
Q.— J.
New Yore, Office.
Ju ly 16, 1883
Real estateJbonds, gold, sinking fund................................ 1872
1.373.000
1,000
M. & N. N. Y ., Union Trust Co. Ju ly 15,1902
Bonds, coup, or reg., conv. till May, ’85, sink. fd. 1 p. ct. 1875
3.920.000
1,000
M. & N. N. Y ., Treasurer’s Office Ju ly 16,1900
Sterling bonds, coupon (sinking fund 1 p. ct. per annum) 1875 £100&o
941,382
6 g. M. & 8. London, Morton, R.& Co March 1.1900
P ennsylvania Coal.— Liabilities at a minimum, and 16 p. c. divs. paid. cision at first m favor of the Western Union, the stock dividend was
P ullm an Palace Oar.—F or extension of works stock was issued at afterward-in November, 1832, declared illegal by the General Term
par to stockholders in 1881, and $2,523,600 more was offered to of the New York Superior Court; actions were subsequently begun to
stockholders of record on Feb. 18,1882, making total stock as above restrain the payment of dividends, &c. For the details of the litigation
when all issued. Annual report V . 35, p. 319. The income account for see references to the Chronicle below.
three years was as follows:
In March, 1882. Ja y Gould and associates obtained a maioritv of the
1879-80.
1880-81.
1881-82. Mutual Union Telegraph stock of $10,000,000, and so stopped its onno
Revenue—
$
$
sition, but disegreement followed until, in Feb., 1883, alease was agreed
$
Earnings (leased lines included)........ 2,051,300 2,355,267 2,815,986 upon. The Western Union also leased the American Cable, with a guarProportion of earnings other assoc’ns.
527,903
481,573
582,231 antee of 5 per cent per annum on its $10,000,000 stock, raised to
*
Patent royalties and manuf. profits...
14,022
145,547
339,321 lpl4,UUUjUUU«
The statement for the quarter ending Ju ly 1,1883. (partlv estimated)
Profit and loss.......................................
42,243
13,109
was
as as follows, compared with the actual figures for same quarter in
Total revenue............................... . 2,635,468 2,995,496 3,737,538 1882
Disbursements —
-1882.
-1883.Operat’g expenses (leased lines incl’d)
636.777
768,310
917,308 Net revenues..........................
$1,675,692
$1,725,000
139,134
175,499
Maintenance of upholstery, &c........ . .
207,156 Deduct interest' on bonds__ $107,211
$106,700
Prop’n of expenses, &c., other assoc’ns 179,136
132,600
148,427 Sinking funds...................... .
20,000— 127,211
20,000
126,700
Rental of leased lines...........................
264,000
264,000
264,000
168,979
191,867
Coupon interest on bonds....................
169,043
Net income for quarter.......................$1,548,481
$1,598,300
Dividends on capital stock............ .
472,876
482,166
870,937 Dividends, l^a in 1882 & 1% in 1883.. 1 , 1 9 9 , 7 7 2
1,399,750
Profit and loss..........................: .......... .
........
20,995
Surplus for quarter................................ $348,709
$198,550
Total disbursements..................... 1,860,902 2,014,442 2,597,866 Add surplus A pril 1.......... . ....... ......... 1,315,531
3,545,242
774,566
Net result.................................
981,054 1,139,672
Balance of account for rebuilding, &e.
33,623
Surplus June 30......
______ ■ _>-.........
128,136
$1,664,240
$3,743,792
Balance of surplus for the year............
740,943
981,054 1,011,536 ' From the annual report published m the Chronicle , V. 35 p
405, the following was given for the fiscal year ending June 30,1882'
Paid
per cent extra dividend Oct. 1,1882.
The revenues, expenses and profits were as follows:
(V. 34, p. 20, 62, 115, 147 ; V . 35, p. 298, 319.)
1881-82
1880-81
$$127-258
$403,255
Quicksilver M ining.—Bonds, paid off July, 1879. The preferred stock Surplus at beginning of year.......... .............
17,114,165
14,060,806
is entitled to 7 p. ct. per annum, not cumulative, and anvsurplus goes Gross revenues of the years end*g June 30.
_to the common and preferred equally. (V. 32, p. 336; V. ‘33, p. 178.)
$17,241,423 $14,464,061
Railroad Equipment Co.— This company leases equipment to railroads Expense s (including leased line rentals and
taxes)..»..............
on the “ Car Trust” plan, taking obligations of the'railroad companies
9,996,095
8,420,165
running not over ten years at the utmost, which cover the principal and
interest of the special series of bonds issued by the Equipment Co.
$7,245,328
$6,043,896From which there was applied:
running for similar periods. The title remains in the lessor till last
payment is made, and then vests in the purchasing railroad. In the For dividends...............................
$4,798,473
$3,732,633
For
interest on bonds. . .............
meantime the title is held in trust for bondholders and the bonds are
427,091
427,455
For sinking fund appropriations..
virtually a mortgage on the rolling stock, till paid off.
40,097
40,005;
St. Louis Bridge <6 Tunnel Railroad.—The railroad and tunnel were
$5,265,662
$4,200,094
sold under the mortgage of 1873, Ju ly 1,1878. Foreclosure under the
$1,979,666
$1,843,802
first and second mortgages on the bridge was made Deo. 20, 1878. Const’n new fines ¿.wires, teieg. stocks, &c.
315,425
1,716,542
On Ju ly 1, 1831, the bridge and Tunnel Railroad were leased to the Mo.
Pacific and Wabash St. Louis & Pacific for the term of their cor­
$1,664,241
$127,260
porate charters. Of the stock $2,490,000 is 1st preferred, which
s guaranteed 5 per cent till January, 1885, and then 6 per cent188i-32 the amount ($315,425) charged for new lines, &c„ Was for
$3,000,000 2d preferred, which is guaranteed 3 per cent per annum the first quarter only, but in the previous year, 1880-81, the expenses
the first semi-annual payment being Ju ly 1, 1884; and $2,500,- tor new lines, &C-, were charged during the whole year against net earn­
000 common. The common stock was held by the London Reorgani­ ings, and amounted, as shown above, to $ l ,716,542; if the same amount
sation Committee., and under the lease was transferred to Mercantile had been charged in 1881-82, the balance for the year as above given
Trust Company of N. Y . with power to vote thereon. The Tunnel Rail­ would appear as $1,401,117 less, or $263,124.
road stock is guaranteed 6 per cent per annum. (V. 34, n. 8 6 .)
This balance, together with the balances of previous years, is rep­
resented m the profits and disbursements of the company, for sixteen
.. Spring M ountain Coal Co.— This is guaranteed 7 per cent per year till years, from the date of the general consolidation— Ju ly 1, 1866, The
1885 by Lehigh Valley Railroad.
??,?,S1'al/„xhibit of the company showed the nominal surplus to June 30,
?f $18,508,974, out of which the stock dividend was declared in
Sterling Iron <&Railway.— The property of this company, in Grange
County N. Y ., (and a few acres in Rockland) consists of 25,000 acres of ¿881 to the amount of $15,526,590, leaving a nominal balance of
land, with furnaces, &c., having a capacity of 15,000 tons of pig iron
The following statement shows the mileage of linesand wires, number
per year, and 8 * 2 miles of railroad, houses, &c. The company endorses
of offices, and traffic of the company, for each year from June 30. 1866.
the $471,674 bonds of the Sterling Mountain RR. A. W. Humnhrevs to
June 30.1882:
President, 42 Pine Street, N. Y .
J ’
Miles of Miles of No. of No. of Mes­
, Net
Sutro Tunnel.— Tunnel on Comstock Lode for facilitating mining operYears.
Line.
Wire. Offices. sages Sent. Receipts. Receipts.
ations. (V. 30, p. 249; V. 34, p. 452; V. 36, p. 358.)
186566
'.
37,380
75,686 2,250
United States Express.—No reports.
186667..
46,270 85,291 2.565 " 5,879,282
6,568",925 2.624.919
68..
50,183 97,594 3,219 6,404,595 7,004,560 2,641,710
United States'Rolling Stock C o —The assets, Dec. 31, 1881, amounted 186769..
52,099 104,584 3,607 7,934,933
to $4,058,470 in locomotives and cars, and total including shops, &c., 18687,316,918 2,748,801
1869- 70.. 54,109 112,191 3,972
$5,635,496. The net income in 1881 was $329,771 over all charges.
9,157,646 7,138,737 2,227,965
71.. 56.032 121,151 4,606 10,646,077 7,637,448 2,532,661
Wells, Fargo & Company Express.—An. increase in capital to $6,250,- 1870187172..
62.033
137,190
5,237
12,444,499
8,457,095 2,790,232
000 was made in 1879.
187273..
65,757 154,472 5*740 14,456,832
9,333,018 2,757,962
Western Union Telegraph.—On the practical consolidation with the 1873-74.. 71,585 175,735 6,188 16,329,256
9,262,653 2.506.920
Atlantic & Pacific in 1878 the Western Union had a monopoly of tele­ 1874-75.. 72,833 179,496 6.565 17,153,710 9,564,574
3,229,157
graphing business in the United States. In 1879 the American Union 1875-76.. 73,532 183,832 7,072 18,729,567 10,034,983 3,399,509
opposition line was started «.under the auspices of Mr. Ja y Gould. The 1876-77.. 76,955 194,323 7,500 21,158,941
9,812,352 3,140,127
Western Union Co. dividediup its surplus stock, making a scrip dividend 1877-78.. 81,002 206,202 8,014 23,918,894 9,861,355
of 17 ner cent to stockholders of record June 20, 1879. On Jan. 19, 1878- 79.. 82,987 211,566 8,534 25,070,106 10.960,640 3,551,542
4.800,440
1881, was dhted the grand consolidation, in which the Western Union 187980..
85,645 233,534 9,077 29,215,509 12,782,394 5,833,937
raised its stock to $80,000,000, giving par. or $15.000,000. for the stock 188081
110,340
327,171 10,737 32,500,000 14,393,543 5i908,279
and bonds of the American Union; 60 per cent for old Atlantic & Pacific 1881-82..131,060 374,368 12,068 38,812,247
7,118,070
stock was given m new Western Union; and a stock distribution of 38 — (V. 34, p. 292, 336, 366,- 399,575, 688 ; V. 35, 17,114,165
p. 189, 310, 339 393
per cent to Western Union shareholders. A n injunction was obtained 421.427. 546. 559, 699, 737, 764; V. 36, p. 82,162, 197, 254 313*
against the stock distribution and litigation ensued, and after a de- 358,427,575,676.)
’
’ 0X0 »




B A N K A N D I N S U R A N C E S T O C K S A N D R A I L R O A D E A R N I N G S . [V ol. X X X V i i . 1

I x x iv

BANK

IN SU R A N C E

STOCK ■LIST.

STOCK

LIST.

0

C a p it a l .

C o m p a n ie s .

Surplus
D iv id e n d s .
at latest
Stkd. thus(')
Amount,.
Par
dates.t
Latest.
Period.
1882.
1881.
are not Natl.

Ca p it a l .
C o m p a n ie s .

Net
D iv id e n d s .
Surplus,
Ju ly 1,
1883.* 1880. 1881. 1882. Last Paid.

Par. Amount.
$
7
8 Ju ly ,’83. 5
America*... 100 3,000,000 1,788,400 J. & J.
VIav,’83.
3
4$
Am . Exch. . 100 5,000,000 L,483,700 M. & N.
7
7
$
10 July, ’83. 5
B ow e ry. . . . 100 250,000 241,400 J. & J. 10
$
400,000 610,482 10
10
81« J u ly ,’83. 5
Amerioani... 50
Broadw ay.. 25 L,000,000 1,438,500 J. & J. 16
18 Ju ly .’83.10
61,566 10
10
Ju ly ,’83. 5
10
Amer. Exch. 100
200,000
Btrtch’s’&Dr 25 300,000 307,100 J. & J.
7
8 July, ’83. 4
374,886
10
20
July, ’83. 6
20
Ju
ly
,’83.
4
B
ow
ery........
25
300,000
10
8
Central....... 100 2,000,000 560,400 J. & J.
16
14
Aug.,’83. 7
200,000 332,398 16
Broadway... 25
8 Ju ly ,’83. 4
8
Chase.......... 100 300,000 267,700 J. & J.
20
J u ly ,’83. 7ia
20
Brooklyn (t). 17
153,000 199,648 20
9 July, ’83. 5
6
Chatham___ 25! 450,000 257,100 J. & J.
10
10
J u ly ,’83. 5
300,000 444,377 20
Citizens’ .. . t 20
Chemical.. . 100 300,000 3,842,500 Bi-m’ly. 100 L00 Sept.,’83.15
10
10
Aug.,’83. 5
210,000 173,854 10
7 Ju ly ,’83. 34a C ity .............. 70
7
Citizens’ ___ 25' 600,009 240,200 J. & J.
Ju ly, ’83. 5
Clinton........ 100
10
10
250,000 129,885 10
10 M ay,’83.10
C ity............. 100 1,000,000 1,80.6,200 M. & N. 15
2.8,637 10
10
10
J u ly ,’83. 3 1 3
Commercial. 50
200,000
8 Ju ly .’83. 4
Commerce.. 100 5,000,000 3,212,900 J. & J. i 8
9 Ju ly ,’83. 34a Continental t 100 1,000,000 1,641,032 13*77 14*35 14*70 J u ly ,’83.7*70
7
Continental. 100 1,000,000 285,800 J. & J.
Eagle............ 40
300,000 677,192 15
15
15
A p r.,’83. 7ia
10 Aug.,’83. 5
Corn E x c h . 100 1,000,000 1,017,600 F. & A. 10
49,015 7
J u ly ,’83. 3
Empire City. 100
200,000
7
7
7 July, ’83. 4
7
East River . 25 250,000 109,600 J. & J.
70,043 10
200,010
Ju ly ,’83. 4
Exchange... 30
10
81« Aug.,’83. 31«
I l t h W a rd '. 25 100,000
43,100 J. & J.
Farragut___ 50
200,000 103,258 15
12
12
J u ly ,’83. 6
6
6 Ju ly ,’83. 3
F ifth ............ 100 150,000 138,200 J. & J.
54,154 7
204,000
Firemen’s ... 17
8*a 6
J u ly ,’83. 5
Fifth Ave* ion TOO OOO 387,200
11,304
150,000
Firemen’s
T
r.
10
J
u
ly
,’83.10
10
10
10
Ja n .,’83. 5
40
40.
3,395,400
F irst............ 10Ö 500,000
Q .-j.
200,000 122,955 11
Franklin& E. 100
11
12
J u ly ,’83. 6
7^2, 8 Ju ly ,’S3. 4
Fourth........ 100 3,200,000 1,349,200 J. & J.
1,000,000
1,597,897
German
Am
.
100
10
12
12
J
u ly ,’83. 7
M
ay,’83.
3
^
7
7 1
Fulton. A ... 30 600,000 349,301) M. & N.
10
Germania. . . 50 1,000,000 750,546 12
10
Ju ly ,’83. 5
10 A p r.,’63. 5
8
G alla tin___ 50 1,000,000 897,900 A. & O.
200,000 115,473 10
10
Globe............ 50
10
J u ly ,’83. 5
50 200 OOO
28,900 .T.
.T.
200,000 292,969 30
30
Greenwich.. 25
30
Ju ly ,’83. 7ia
6 Aug.,’83 3
6
Germ’nAm.* 75 750,000 174,800 F. & A.
4,445 6^3 6
200,000
Guardian___ 100
5ia J u ly ,’82. 3
8 May, ’83.10
8
Hefcm’n Ex.* 100 200,000 145,400 May.
150,000 108,290 12ig 121g 10
H am ilton.. . 15
J u ly ,’83. 5
7 M ay,’83. a
6
Germania*.. 100 200,000 155,500 M. & N.
10
10
Ju ly ,’83. 5
H an over___ 50 1,000,000 728,905 10
6 yi*y, ’83. 3
6
Greenwich*. 25 200.000
46,400 M. & N.
10
10
J u ly ,’83. 5
7 Ju ly ,’83. 34a Home............ 100 3,000,000 1,749,292 10
7
Hanover__ 100 1,000,000 550.400 J. & J.
71,580
500,000
10
10
5
J u ly ,’83. 3
50
H
o
w
ard.
.
.
.
.
122,300
10,390 7
200,000
10
none. J u ly ,’83. 21«
Irv in g .......... 100
14 Ju ly ,’83. 7
Im p.& Trad. 100 Ì , 500,000 2,657 i 1ÒÒ J . & J. Ï 4
278,283
200,010
10
10
10
Mai*.,’83. 5
Jefferson.
.
.t
30
8 J u ly ,’83. 4
8
Ir v in g ........ 50 500,000 193,000 J. & J.
150,000 195,247 20’ 20
20
July, ’83.10
Kings Co.(i) 20
10 July, ’83. 5
leather Mfr. 100 600,000 463,700 J. & J. 10
91,188
210,000
none.
J
u ly ,’83. 3
none.
Kniok’bock’r 40
none.
100 3 0 0 ,0 0 0
24,900
54,105 10
150,000
10
J u ly ,’83. 5
10
Lafayette (i) 50
4.5ÔO
il Of) 200,00(1
106,171
300,000
10
1
0
10
Ju
ly ,’83. 5
Longlsl.(i) .t 50
7*2 Aug.,’83. 4
7
Manhattan * ■5Ò 2,050,000 1,078,400 F. & A.
20,877 8
300,000
J u ly ,’83. 3
Lo rillard___ 25
none. 3
8 J u ly ,’83. 4
8
Marine........ 100 400,000 170,400 J. & J.
153,499
12
12
200,000
J u ly ,’83. 3
7
Man.& Build. 100
8 J u ly ,’83. 4
8
M ark e t....... 100 500,000 355,200 J. & J.
14
11
200,030 125,731 12
J u ly ,’83. 5
Meeh. & Trad 25
8 Ju ly ,’S3. 4
Mechanics’ . 25 2,000,000 1,181,800 J. & J.
8
10
250,000 143,436 14
10
J u ly ,’83. 5
Ju ly ,’83. 3
Mech’nies’ (i) 50
51,100
Mech. & T r . 25 200,000
13,722 10
J u ly ,’83. 3
200,000
7
8
Mercantile .. 50
6 Ju ly ,’83. 3
3
Mercantile.. 100 1,000,000 238,400 J. & J.
10
Jari.,’82. 5
200,000 128,329 10
5
7 J u ly ,’83. 34a Merchants’. . 50
Merchants’ . 50 2,000,000 700,200 J. & J.
7
71,059 10
Montauk(t).. 50
200,000
10
10
J u ly ,’83. 5
6
6 J u ly ,’83. 3
Merch. E x .. 50 1,000,000 190,10( J. & J.
200,000 154,490 14
14
14
J u ly ,’83. 5
7 J u ly ,’83. 34a Nassau(i)__ 50
7
Metropolis *. 100 300,000 148,700 J. & J.
70,156 10
10
10
Ju ly ,’83. 5
National.. .. 374a 200,000
10 Ju ly ,’83. 5
Metropolit’n 100 3,000,000 1,564,900 J. & J. 10
210,000 344,068 10
10
N.Y. E q ’table 35
81« J u ly ,’83. 6
100,000
23,80t1
64,122
200,000
10
10
10
Aug.,’83. 4
100
J
u
ly
,’83.
6
N
.Y.
F
ire
....
9
6
M urr’y Hill* 100 100,000 122,700 J. & J.
14
14
500,000 441,528 13
J u ly ,’83. 5
Niagara ....... 50
6
7 M ay,’83. 4
Nassau*....... 100 500,000
63,200 §ü & N.
95,186
350,00C
8
1
8
8
Apr.,’83. 4
North
River.
25
J
u
ly
,’83.
4
8
New Y o rk .. 100 2,000,000 1,063,700 J. & J.
8
16
July, ’83. 7
200,00C 371,472 20
20
Pacific........ 25
8 J u ly ,’83. 4
52,900 J. & J.
8
N . Y . County ‘100 200,000
82,276
200,000
12
12
12
J
u ly ,’83. 5
100
Park.............
7 Aug.,’83*. 34a
7
N . Y .N . E x . 100 300,000 »92,000 F. & A.
150,000 204,945 18
16
J u ly ,’83. 6
20
7 J u ly ,’83. 3ia Peter Cooper 20
7
N inth.......... 100 750,000 24 8;400 J. & J.
100,724
11
200,000
10
10
J
u ly ,’83. 5
People’s
....... 50
6 J u ly ,’83. 3
6
N . America1' 70 700,00(1 231,000 J. & J.
Phenix(t).... 50 1,000,000 609,963 10
10
10
J u ly ,’83. 5
North KivT* 30 ,240,000
7
78,100 J. & J.
7^2 July, ’83, 4
155,018
14
14
200,000
20
Aug.,’83.
5
Rutgers’....... 25
10 J u ly ,’83. 5
8
©riental*. . . 25 300,000 254,900 J. & J.
200,000 133,857 12*46 12*46 7
J u ly ,’83. 3ia
50
10 Aug.,’83« 24a Standard ..
10
Pacific * ___ 50 422.70C 233,50C Q .- F .
18,122
10
none
500,000
9
J
u
ly
,’81.
4
100
8 J u ly ,’83. 5
8
P a rk ............ 10(1 2,000,00( 1,227,900 J. & J.
22,107 7350,000
none. none Aug.,’80. 3ia
Sterling....... 1 0 0
lo J u ly ,’83. 5
25 200.00C 117.701 J. & J.
7
People’s*. .
145,703
2 00 ,00 0
10
J u ly ,’83. 5
10
10
Stuyvesant.. 25
6 J u ly ,’83. 3
6
Phenix........ 2C 1,000,00c 269,900 J. & J
10
10
J u ly ,’83. 5
250,000 236.949 10
5.0OÌ
J u ly ,’74. 3ia Unit’d States 25
5C 125,00(
J u ly ,’83. 5
300,000 190,705 10
10
10
Westchester. 1 0
8 Aug.,’83. 4
8
Republic... *100 1.500,000 876,000 F. & A
July, >83.10
20
20
250,000 428,578 20
W’m sbgC.(t) 50
7
7 J u ly ,’83. 4
St. Nicholas* 100 500,00c 348,700 J. & J
I
500,00(
18,500]...........
6
3 Jan., ’82. 3
Seventh W’d 100 • 300,000
81,100 J. & J
20 July, ’83.10
Second....... 10(1 300,000 154.401 J . & J 15
J u ly ,’83. 4
Shoe & L ’tln 10( 500,000 214,20( J. & J
8
8
* Over all liabilities, including re-insurance, capital and scrip,
6 Ju ly ,’83. 4
S ix th ........ 10( 200,000
6
50,100 J. & J
t Surplus includes scrip.
State of N .Y 10( 800,000 466,700 M. & N
7*i M ay,’83. 4
7
J
7- , 7 J u ly ,’83. 34a
T h ir d _____ 10( 1,000,000 340,200 J.
(J) Brooklyn.
Tradesmen’ 4( 1,000,000 298,900 J. & J
7 Ju ly ,'83. 34a
8
Union........
5( 1,200,000 733,900 M. & N 10
10 M ay,’83. 5
JgfP
The following companies have been omitted from the above
.......
10(
500,000 139,500
J u ly ,’83. 34a table, viz.: Importers’ & Traders’, Manhattan, and Tradesmen’s. These
W all Street 5C 500;000 103,500) J. & J
Jari., ’81,10
West Side*. 10( 200,000)t 174,20C> J. & J .1 10
t June 22, 1883, for National banks and June 23,1883, for State banks. companies have discontinued business and are now in liquidation.

M O N TH LY
Jan.
A la b a m a G re a t S ou th ern —

1880
......................... (295m.)..
1881
.......................... (295 m.)..
18*2....... ...............................(295 m .)..
1883...................................... (295 m )..

A tc h is o n T o p e k a & S a n ta F e —

E A RN IN G S

! Feb.

55,401
58,509
60,575
84,131

OF

M a rch . A p ril.

51,227»
63.546
66,732
81,768

$
47,829
62,493
68,885
85,822

45,344
58,259
57,005
72,625

P R IN C IP A L

M ay.

$

44,145
52,304
54,853
77,781

Jun e,
4$,821
51,731
54,496
72,176

J u ly .
$
47,525
57,982
61,041
73,301

R A ILR O A D S.
A ug.
$
58,701
68,187
73,794

S ep t.
8
62,541
70,326
77,793

O ct.
8
67,563
80.875
88,674

N ov.
8
61,155
78,257
98,097

D ec.
8
61,669
86,897
94,779

T o ta l.
8
643,921
789,372
856,724

847,215 8,556,975
903,728
1880
......... (1.167to 1,540m.).. 481,103 478,331 654,090 696,966 677,863 74$,012 657,586 674,229 806,730 ' 932,122
1881
......... (1.540 to 1,789 nx.J.. 743,268 558,481 902,303 948,479 1,046.125 1,197,550 1,006,633 1,000.640 1,155.869 1,263,023 1,303,385 1,458,752 12,584,508
1882
........... (1,789 to 1,820 m .).. 1,076,790 1,055,909 1,203.07311,164,335! 1,183,761 1,153,479 1,117,003 1,251,663 1.329,113 1,430,226 1,349,312 1,458,640 14,773,304
1883.....................................(1,820 m,)..
961,255 935,665 1,284,120 1,166,086 1,180,808 1,146,107

B u r l i n g t o n C e d a r R a p , & N o .—

1880............................ (492to 564 m.)..
1881 .......................... (564 to 589 m.)..
1882.....................-.....(620 to 690 m.)..
1883
..........................(690 m .)..

184,316
167,750
252,823
197,402

165,171
124,509
225,630
187,001

C e n tr a l P a c ific —

188,325
148,551
224,107
252,913

141,652
184,680
178,304
218,252

149,504
165,630
199,278
208,672

153.378
205,912
211,257
216,616

1880
.......... (2,301 to 2,586 m .).. 1.200,614 1,070,487 1,373,438 1,356,716 1,778,488 1,724,950
1881
............................................................(2,586
1,602,907 1,454,218
to 2,775
m.)..1,872,370 2,091,411 2,159,311
1,709,637i
1882.................... (2,882 io 3.167 m.).
1,839,469 1,720,675 1,969.787 2,054,687 ;2,342,298 2.229,105
1883«____(3,199 to 2,941 to 3,083 m.).. 1,717,(581 1,465,952 2,024,533 2,050,313 2,127,420 2,129,226

C h esapeak e & O h io -

1880
1881
1882
1883

......................... (430 m.)..
202,335' 198,681
............................................................(430
162,540 184,389
m.)..
................ (430 to 512 m.).. 208.746 179,053
......................... (512 m .).. .251,970; 253,446

222,762
228,481
215.445
837,795

221,559
227,343
267,454
293,630

497,013
474,318
517,897
557,383

626,473
529,915
588,700
686,695

542,961
558,190
564,860
600,87r

1880..
. ....... (1,857 tc‘ 2,772 m.). 1,432,740 1 411,870
1881..
. ....... (2,772 to 2,924 m.). 1,807,948 1,034,821
1882
........................................(2,921
1,658,834
to 3.229
m .)..
1,457,301
1883.................................... (3.229 m.).. 1,625,080 1,611,021

1,732.518
1,418.149
1,566,217
2,896,584

C h ic a g o & A lt o n —

ISSO..................................... (840 m.)..
1881
................ (840 to 846 m.)..
1882
.........................(847 m.)..
, 1883................................... . .(847m.)..
C h ic a g o B u r lin g t o n & O u in c y —

C h ic a g o &

524,054
499,120
585,830
646,387

E a s te r n I llin o is —

1880
................. (152 to 220 m.).
72,466
1881
(220
to 230
m456
.).
125
1882* .............. ...... ..(230 to 240 m .).. 145,464
V 1883*................... ................(240 m.).. 139,941

143,432
174,351
198,276
195.939

160,160
209,112
224,920

179.804
221,801
261,439

204,991
221,748
300,165

189,330
202,180
278,429

193,419
232,812
246,062

2,053,482
2,259,036
2,800,680

1,840.067 1,973.438 1,964,997 2.120.229 2.199,466 1,905,222 20,508,112
8,899,316 2,088.519 2,185,303 2,507,857 2,297,971 2,225,179 «¿4.094,099
2,076,648 2,350,557 2,495,445 2,424,529 2,139,359 2,020,319 25,662,757
2,023,010

199,443
252,235
257;Q40
331,173

214,255 238,236
241,135 225.096
271,382 316,787
323,845 *336,475

548,556

617,524 708.906
635,860 676,205
617,251 702,635
*653,539 *715,956

259,110 247.303
262,858 247,144
381,454 ■ 332,219

211.820
236,396
351,310

240,795
235,585
300,732

218,009 2,674,308
203,562 2,706,762
253,356 3,334,978

767.349
774,70)
912,692

785.199
771.844
858,674

696,776
672,380
749,915

543,723 7,687,226
646,812 7,557,741
.701,066 8,215,495

761,120
769,751
856,398

1,682,056 1,773,643 1,834321 1,862,285 1 034,762 1,837,860 1,552,018 20,454,494
1,489,894
1,574,071 1,679,456 2.083,802 1,888,358 2,173,945 2,262,981 2,931,001 1.818,133 1.905,490 21,176,455
1,530,838 1,505,261 1,437,164 1,625,006 2,086,858 2,186,400 2.270,444 2,199,421 2,027,060 21,550,804
1,824,130 2,009,872 1.937,916
114,129
125,139
151,763
126,354

131,777
156,497
167,627

131,904
150,915
172,777

130,891
156,857
169,579

128,597
137,473
162,008

128,981 1,299,001
153,113 1,640,451
135,782 1,771,894

111,800
117,296
146,779
127,511

93,234
144,879
132,601
143,205

1880
.......... (2,256 to 3,7(5 m.).. 764,298 738.749 900.676 871,041
1881
.. ........(8,775 to 3,951 m.).. 990.848 682,718 916,989 1,259,946
1882
............................................................(4,104
to 4,455
m.)..1,517,569
1,434,53' 1,376.377
1,561,386
1883*..................... (4,455 to 4,550 m.).. 1,359,000 1,258,00012,044,000 1,972,000

1,134,745
1,538,491
1,627,933
2,034,000

1,037,958
1,729,812
1,619,431
2,023,000

1,026.709 991,297 1,257,678 1,493,621 1.472,038 1,S97,309 13,086,119
1,568.706 1,678,36'. 1,644,670 1,591,053 1,569,598 1,854,269 17,025,461
1,464,927 1,545,198 1,950,710 2,250,975 2,072,973 1,964,709 20,386,725
1,829.000

1,294,573
1,474,612
«,666,741. 2,110,947
3,704,3791 2.157,206

1,671.177
2,306,440
2,043.516
2,213,021

1,699,686 1,767,939 2,020.245 2,105,217 1,855,622 1,477.902 19,416,009
1,983.031 2,315,164 2 292,676 2,341,097 2,019,037 1.855,476 21,849,207
2,059.952 2,211,622 9,553,041 2,601,445 2,109,432 1,826,929 28,977,668
2.170,903

.

83,689
134.070
123,881
123,037

C h ic a g o M ilw a u k e e & S t. P a u l.—

83,265
117,119
127,212
113,391

88,278
121.637
136,421
139,986

C h ic a g o & N o r t h w e s t e r n -

1880
......... (2.293 .o 2,764 m .)..
1881
.......... (2,'<78 to 3.018 m.)..
1882.................... „(3.100 to 3,476 m.)..
1883 a .........(3,580 to 8,600 ,n.).
f Approximate fl lures,




1,154.632 1,131,683
1,240,667 963,205
1,644.936 1,474,176
1.357.62211.311,395

« July egtimated.

1,361,725
1,178,796
1,672,93!
2.095.292

\A u g .,

E A IL E O A D

1883.

E A E K IK G S .

lx x v

MONTHLY EARNINGS OF PRINCIPAL RAILROADS— (Concluded).
Jan.

F eb.

M a rch . j A p r ii.

June.

M ay.

J u ly .

$
$
$
$
$
$
C h ic . S t. P a u l M im i. & O m a h a —
$
213,09«: 236,99."
259,78'
259,208 232.141
193,827 173,07i
1880.................................. (682 t o 940 m .) . .
261,211
350,125 404,565 383,205
257.785 158.595 251.645
1881 ................................. (946 t o 985 m .) .
359,455
377,288 402,882 374,69'
327.40C 333,200 413,20(
1 8 8 2 » .........................(1,003 t o 1.147 m .) .
441,67c *433,83:
1883..........................................(1,150 m .).
312,017 282,256 . 438,520 *419,535 452,30c
D e n v e r «Se D i o G r a n d e —
193,925 295,450 .373,132
124,759 126,922 160.88Ì
164,881
1880.................................. (337 t o 551 m . ) . .
514.767 581,229 548.284
433.11]
307,476 317,08£ 398,49c
1881...............................(551 t o 1,062 m .) ..
523,165
550,28(
593,922 545.444
516,128 305,292 510,316
1882.......................... (1,066 t o 1,160 m . ) . .
1418,300 1433,40C 7521,001. 1573,7(X 1549,901 1547,300 1552,300
1883*........................ (1,160 t o l,2 8 1 m .).
D e e M o i n e s & F o r t D otiate—
32.88(
35,861
24,601
16,472
26,931
30,225
24,968
1881............................................... (8 7 m .) ..
21,38'
23.581
24,790
32,825
32.072
85,375
25.617
1882.................................... (87 t o 138 m .).
22,669
20,044
25,227
28,92(
23,182
20,018
21,572
1883.................................. (138t o 143 m .) .

S ep t.

O ct.

N ov.

D ee.

%
251,012
376,89394,552

$
300,83'
373,371
482,99-

$
842.05
379.02Ì
518,07

$
342.80'
392.92
517,592

$
3l2.17c 3,122,095
432.61= 4,021,961
375,791 «4,973,05*

400,132
606,192
578,412
.......

406,582
620,642
599,19]

473.632
605.68642,211

408,56*
568,822
493,762

349191
081,383
448,816

3,478,087
0,244.185
6,404,980

51.45C
28,242

47,511
31,292

40,001
81,593

35.637
32,002

35,28?
28.4K

401,925
347,163

8,351,357

T o ta l.

254,602
323,241

234,764
312,522

248,470
339,151

220.38C
273,322

240,076
283.157

230,151
210,995 243,525
304,897 *298,134

260,298
289,287

302.7L
320,352

312.422
380,21(

31’ .fl8£
880,73f

805,314
341,342

110,277
131,503
107.548
190,554

118,862 1146,522
119,681 1158,101
163,883 190,814
165,150 231,034

130,512
171,400
188.560
235.985

115.942
162,520
175,1 iS
229,834

120,680
160,058
160.240
200,322

114,87*
137,514
148,502
184,427

129,571
152,951
160,157

146,952
153,402
187,44?

161,14(
168.38C
199,007

152,082
172,065
203,442

148,924 1,599,348
110,815 1.856,534
206,170 2,161,95*

170,079
154,401
133,232
182,688 .

166,966 210,001
122.874 176,356
100,322 ¡170.106
177,765 243,179

206.735 191,317
190,812 172,950 '
158,112 165.63 >
203;611 £.194,685

179,390 224,312
190,740 201.89S
155,157 192,210
160,514 *179,959

238,081
210,241
262,20(

233,446
215.102
247,362

242.214
231.912
216,194

207,147
195.007
273.4U

279.035 2,501,391
19433? 2,257.231
255,634 2,419,600

535,732
662,490
640,014
595,682

665,120 681.730 724,095
673,259 303.887 720,004
661,707 052,345 756.834
839.534 ‘ 700,393 *667,252

732.755
868.107
847,376

800,837
828,847
848,262

880.211
815,23?
879,08C

783.12C
737,212
759,804

673,182 8,304,814
763,475 8,586.397
729,643 1 ,905,31*

192,085
1204,423
268,801

203,077
220,616
215,913

200,004
180,477
234,151

199.340
192,317
217,574

272,I L
292,177

247,932
288,252

228,077
281.14C

200,451
204,735

192,022 2,487,509
¡208,577 2,740,227

115,595
229,944
260,066
321,129

110,318
187,290
251,390
273,294

06,206 113,254 147.58f
191,921 275.33C
95,076
170.H3H *172.00^ *190.062 »253.49Ì *277,295 *308,822
261.131 223.2 if
262,111
208,285 330,835 411,407
270,50? 269,052
260,412

254,597
*303.00?
371,378

253.354 1,953,594
*306,159 2,816,109
377,821 3,493,891

175,?84
118,594
*133,698

100.96C
108,370
*133,297

116.082 1,331,S08
108,118 1.405.453
*124,475 1,492,270

1,000,326
1,002,950
1,215,932

953,086
1,065,228
1,200,902

949,185 9,491,344
1,153,779 11,«844,302
1,221,509 12,981,43*

1881............................................... (900 m .) .
1882 ............................................. (902 m .;..
1883............................... (902 t o 1,100 m .) ..
F lin t & P e r e M a ra n e tte —
1880 ................................(293 t o 318 m .) . .
1 8 8 1 ..............................................(318 m .L .
1882 .................................(318 t o 347 m .) . .
1883*............................................. (347 m . ) . .
H n n n ib a l & S t. J o s e p h —
1880............................................... (292 m .)..
1881............................... ...............(292 m .) ..
1882............................................... (292 m .) ..
1883............................................... (292 m .) ..
I llin o is C e n tr a i—
1880........................... (1,275 t o 1,321 m .) ..
1881............................................(1,321 m .) ..
1882............................................(1,321 m .) ..
1883........................... f 1,321 t o 1,330 m .) ..

¡595,212 013.800
631,281 524,499
746,744 .’ 697,274
677,545 189,448

613.008
¡557.780
686,228
760,737

1881............................................... (544 m .) ..
1882................................ (544 to 684 m j . .
1883*............................................. (684 m .)..

185,650 ¡165,326
201,883 189,652
¡.248,142 302,931
140,214
216,127
210,784
293,546

1880......... .......................(529 t o 571 m .) ..
' 1881.............. ..................(571 t o 731 m .) ..
1882...................................(731 t o 775 m .)..
1883
..............................(775 t o 825 m .)..
L a k e E r i o <& W e s t e r n —

Ang.

159,543
172,470
235.223
342,138

98.613
83,004
89,209
86,980 105,958
1831......... ................................ .(385 m .) .. 107,623
126,703 100.069 r 99,108
1882.............................................. (385 m .) ..
131,696 108,067 125,107
1 8 8 3 * ............................................(385 m .) ..
L oti is v ille & N a s h v ille —
674,455 575,035 612,593
1880......................... (1,107 t o 1,840 m .) ..
816.960 805,124 917,060
1881............ ............. (1,840 t o 2,074 m .) ..
964,527 960.315 1,068,834
1882 c .........................................(2,0 28m .)..
1883 b .........................(2,028 t o 2,071 m .) .. i 118,735 1,014,807 1,141.337
M ilw a u k e e L a k e S . & W e s t .—
37.772
24.833
33,251
1880.................................. (205 t ò 250 m .) ..
31,382 • 86,755
39,078
1881............................ ....{2 5 0 t o 276 m .)..
77,006
65.437
66,371
1882...................................(270 to 306 m .) . .
64,593
79,080
1 8 8 3 *................................(306 t o 320 m .) ..
65,381
M is s o u r i K a n s a s & T e x a s —
330,510 337,564 433,343
1881............................. .(880 t o 1,100 m .) ..
1882 ........................ (1,100 to 1,296 m .) ..
400.105 394,672 472,048
554,049 484,424 034,901
1883............................(1,296 t o 1,386 m .) ..

83.127
89,003
106,398 102.605
110,050 <1124.67(1
87,722
98,981
563,883 655,014
850,862 828,72?
953,603 958.130
947.450 1.062.348

199,125
215.977
217.612

130,284 123,142 127,99?
113.241
144,904 124,452 167,161
124,280
1 i 2,363 *105.S6e *109,715 *152,196
77,912
-v
978,230 772,537 827,082 931,911
1,227,88 • 817.135 876.192 951.566
1,215,490 1.063.765 1,043,912 1,114,513
1.090,700 1,139,300

80,346
40,848
70.009
84,185

28.614
48.6rt9
67,010
84,805

35,902
52,202
75,512
87.205

34,211
52,085
73,156
81,835

393,445
444,204
512,042

393,745
480.334
575,685

408,606
455,904
550,331

484,570
482,334
590,649

607.998
535.688
636,725

34,067
59.93!
75,170

38,042
68.996
85,585

40,125
73,397
86,708

48,734
64,654
80,905

41,255
60,682
82,250

427.758
635.659
906,319

•
514.165
025,423

549.332
018,701

562,184
687,703

533,956
094,169

487,820
605,800

5.427,256
6,421,517

1881..................................(700 to 795 m .) ..
1882 .. ......................... (795 t o 996 m .) ..
1883 ................................. ...........(990 m .)..
M o b ile & O h io —
1880...............................................(506 m .)..
1881...............................................(500 m .)..
1882............................................... (528 m .)..
1883.............................................. (528 m . ) . .
N a s h v i l l e C h a t t . «Ss S t . L o u i s —
1880........................................ .......(508 m .) . .
1881................................... (508 to 539 m .) ..
1882...................................(539 t o 550 m .) .

388.681
552.675
732,541

895,413
409,043
020,988

513,982
556,120
857,832

537,561
541,142
605,273

589,476
560,907
719,501

568,507
734,008
704,434

659.570
908,738

625,133
801,410

633.839
800,525

550,569
781,258

602,446
736,669

6,673,294
8,038,194

250,116
224,346
159.670
215,971

204,094
216,707
158,590
168,004

168,302
230,910
148.167
184,603

140,091
103,550
141,957
128,807

129,241 121,855 131,621
145,803 136.517 135,548
134,378 136.184 135.174
141,734 *124,640 *186,830

140,593
100,789
137,475

184.247
210,202
157,875

264,714
258,924
267,433

251,308
202.980
301,054

287,3*3
258,812
306,482

2,273,823
2,403,229
2,184,445

218,470
189,479
170,753
197,S88

199,828
203,102
174,974
195,262

179.213
220,823
177,330
206,164

104,888
195,655
167,393
161,435

172.353
177,209
154,103
171,070

162,736
106,203
106,495
195,468

181,905
185,320
189,787

179,729
190.OS8
190,190

190,912
188,935
201,712

196.809
169,033
202,688

191,017
187,679
210,676

2,193,807
2.246,210
2,162,857.

1880............................... (928 t o 1,009 m .)..
1881............................(1,009 t o 1,020 m .)..
1882...........%......... . (1,020 t o 1.060 m .) ..
1883 ........................................ (1 060 n i.)
N e w Y o r k «Ss N e w E n g l a n d —
1880. ...-:........................(284 to 316 m .) ..
1881..................... ........... (316 t o 394 m , ) . .
1 8 8 2 ............................................ (3 9 4 m .) ..
1883* ................................. ........ . (394 m .) ..
N o r f o l k «& W e s t . —( A t .M i s s .t f e O .) —
1880...............................................(428 m .) ..
1881............................................... (428 m .) ..
1882.............. .............................. (428 m .) ..
1883.................................. (428 t o 502 m .) .
N o rth e rn C e n tr a l—
1880............................................... (322 m .)..
1881...............................................(322 m .) ..
1882........................... ....................(322 m .)..
1883...............................................(322 m .).
N o r t h e r n P a c ific —
1880 ............................................ (722 m .) ..
1881.......... ..................... (722 to 972 m . ) . .
1882............................... (972 t o 1,419 m .)..

1,296,381
1,443,437
1,318,997
1,524,869

1,252,218
1.425,765
1,304,758
1,283,616

1,644,958
1,847,261
1,567,633
1,690,969

164,231
189,749
213,840
258,260

149,908
173,014
217,201
231,741

183,845
212,019
265.222
284,868

179,689
216,913
201.044
208,853

188,700
217,185
289,722
290,951

219,891
231,518
285,392
293,919

205,056
240,820
298,441
309,288

249,885
280,524
346,490

235,642 215,491
299,573 261,200
383,347 *310,145

210,856
240.764
*270,183

150,870
164,91.7
168,572
200,487

161,954
153,633
149,659
191,344

175,420
195,650
174,769
217,334

143,099
174,438
171,793
190,996

131,407
149,803
185,322
205,663

133,764 145,585
156,889 173,874
174,843 191.535
203,610 ¡,*201,022

179,947
196,122
222,160

209,446
221.438
232,774

235,910
240,530
272318

209.046
228,995
261,235

181,746 2,064.194
205,699 2,267,288
224,758 2,429,733

334,494
386,156
407,368
499,252

330,860
382,657
413,551
486,805

415.325
452,906
414,789
506,865

88(5,130
487,273
420.490
476,335

829,788
485,588
465,694
499,133

419,193
437.287
465,819
476,164

450,298
440.811
509,083

453,923
498,008
667,488

464.093
429.500
592,435

512,917
449,664
550,225

459,054
487,100
e526,685

494,310 5,050,335
476,023 5.443.698
e490,003 e 5,800,170

81,390
116,508
245.369
358,985

77,259
7S.803
268,935
328,158

119,858
162,984
373,141
563,903

180,074
216,210
451,023
660,412

217,613 253,105 247,020
312.705 412.024 393,252
616,231 704,017 694,007
789,946 *788,700 *841,000

228,777
434.085
727,215

839,2¡7
506,032
772,838

338.450
570,724
829,831

300,822
475,011
709,994

220,993 2,630,084
391,286 4,070,224
530,453 6,983,714

3.083,551
3.189.215
3,373,321
3,929,357

3,944,576
8.095,014
3.300,750
3,1 12,215

3,278,186
3.844,304
3,912,293
4,189,380

3,488,360
3,760,372
3,855,850
1,061,750

3,417,916
3,856,897
4,108,877
4,303,000

3,221,476 3,449.644 3,723,355 3,647,543 3,882,714 3,574,918 3,547,828 41.260,008
3,807,437 3.780,418 3,809.978 3,735,00? 3,672.971 3.840,215 3,731,751 44.124.178
4.093,756 4,149,150 4,671,179 4,417,002 4,660,054 4,373,825 4,157,180 49,079,820
4,156,871

1,316,089
I /o 19.133
1,503,075
1,608,775

1,085,162
1.386,428
1,290,421
1,453,862

],4o9,389
1,600,508
1,610,089
1.669,241

1,496,330
1,484,864
1,709,712
1,726,616

1,457,881
1,688,802
1,703,469
1,690,877

1,398,530 1,282.835 1,531,813 2,089,250 1,746,299 2,184,226
1,707.295 1.835,725 2,000,980! 1.945,874 1.989,948 2.015,539
1,714,730 2,026,459 1,975,993 2,019,017 2,229,513 2,256,149
2,810,489

96,922
104,577
107,227
123,454

108,988
101,826
102,153
115,471

113,518
132,572
101,747
120,024

108,434
133,837
97,965
103,045

95,847
121,937
102,923
101,480

105.837
121,990
99.083
85,550

138,153
118,844
130,986
99,422

150,727
125,592
166,637

130,706
129.984
154,917

143,881
131,697
162,993

116.696
105,506
155,334

1880....................................(71 t o 121 m .) ..
1881.......................... .............. .(121 m . ) . .
1882............................................... (121 m .} ..
1 8 8 3 * ................ ............. (121 to 138 m .)..

56,218
71,148
60,950
70,100

54,750
64,180
56,092
62,240

'55,476
68,505
75,862
78,738

47,028
64,110
67,436
57,760

52,082
50,240
70,947
59,627

44,370
50,132
52,948
50,110

52,924
46,549
73.641
54,720

60,032
63,588
88,327

67,590
66.384
83,735

77,982
72,041
91,350

72,074
64,289
72,817

1 8 o l...................................(686 t o 718 m .).
1882...................................(718 t o 810 m .)..
1 8 8 3 * .............. ............... (816 t o 9 0 5 m .) ..

570,957
516,370
065,258

560,791
501,127
522,781

704,002
585,008
632,228

540,302
579.978
544,786

479,075
519,120
558,788

474,302
529,700
554 559

533.512
515,519
585,890

644,380
075,981

708,325 *719.239
724,160 809,394

*687,280
843,973

*709,498 7,337,669
781,305 7,581,635

1880.......................... ; . . . .(492 t o 597 m .) ..
1881...........................
(597 t o 601 m .) ..
1882.......................... ì .................. (661 m j . .
1883* ............................ (725 t o 732 m .) ..

193,091
208,547
254,040
278,321]

195,948
178,599
240,189
230,278

193,146
269,903
271.328
351,689

176,164
269,507
234,496
274,011

107,604
274,086
252,960
296,756

173.007
203.589
238,721
259,917

213,2971
252,8891
330.914!
280,020

259.695
281.862
394,907

280,873
278,653
839,504

328,194
8(6,106
369,006

290,329
276,556
333,026

220,063 2.698,371
300.160 3.160.523
313,205 3,572,241

1880...................................(656 to 855 m .) ..
1881...............................................(855 m .) ..
1882................ <j........... (912 to 1,020 m .). ;

180,239
254,187
395,461

137,645
159,482
418,338

261,797
320,962
531,004
729,813

333,014
425,685
570.890
812,017

281,899
382.642
858,903
727,499

243,407
405,321
856,417
703,838

272,089
887,488
853,296
612,706

232,579
414.954
801,759

274,188
485,730
832,770

345,057
605,708
979,057

300.675
508,580
913,334

297,640 3,160,229
528,263 4 878.958
753,510 8,704,771

1880.................................. (444 t o 700 m .) ..
1881.................................. (700 t o 982 m .) ..
1882............................... (982 t o 1.412 m .)..
1883............................ (1,412 to l,4 8 7 m .) ..

245,785
281,176
323,987
534,529

219,165
260,781
278,535
416,040

215,070
319,928
343,442
526 901

174,177
295.060
368,752
406,180

141,083
281,783
421,219
490,678

153,066
285 305
397,253
450.226

195,711
328,003
379,451
537,743

226.073
381,331
439,918
1

206,570
345.790
470,013

303,666
419.203
541,901

312.184
369,521
619,055

301.85S 2,754,408
401,058 3,969,005
641,044 X5,143,179

1880.......................... (1,558 t o 2,479 m .) ..
776,790 759,451 978.629 892,025 948,773 953,468 1,066,742 L.189,478 1.178,950 ,50! ,203 1,131,787
1881............................ (2,479 to 3,350 m .) . . 865,339 813,374 1,109,399 967,033 1,148,069 1,830,944 1,120,615 1.542,124 l ,497,246 1,406,029 1.3T 2,360
1882*.........................(3,348 to 3,518 m ) .
1.229,905 1,134.768 1,313,775 1,378,194 1,204,864 .140,082 1,418,837 1,772,544 1,682,382 1,595,630 1,525,715
1,218.946 L1.148.418 1.216.409
1883*..........................................(3,518 m .) . 1.307.783 1,070.758 1,479,236
.........

1050,816 12,428,11»
1,294,65'« L4,467.789
1,331,952 16,738,358

P e n n s y lv a n ia —
(A ll lin es east o f P itts b u r g & E r ie )—
1880.............. ......... (+1,806 t o 1,820 m .) ..
1881..........................(+1,844 t o 1,887 m .) ..
1882............... ....... (+1,887 to 1,981 m .)..
1883 .. ................................... (+1,981 m .)
P h ila d e lp h ia & R e a d in g —
1880......... ......................................(846 m .)..
1881............................................... (846 m .)..
1882............................................... (846 m .)..
18835............................ (846 t o 1,419 m .) ..
S t. L . A lt . & T . I L M a in L i n e —
1880.................
.......................(195 m .)..
1881........................................... .(195 m .) ..
1882............................................... (195 m .j ..
1883*............................................. ri95 m >

155,827
160.690
136,704
170,661

1,043,151 1,592.544 1,061.812 1,580,976 1,600,873 1,786,417 1,899.910 1,797.838 1.728,788 19,489,300
1,709,057 1,776,891 1,794,982 1,787,081 1.772,895 1,734,200 1,814,866 1,715,469 1,571,208 20.393,113
1,819,010 1,818.824 1,691,404
1,070,743
1,548,474

__

....

198,108
240,004
*261,082

2,396.303
2,809.943
3,408,169

1.354.031 1.8,481,847
1.859.389 20,776 101
1,795,371 21,334,598
101,950 1.417,06*
96,935 1,424.803
124,621 1,506,58«
.82,553
74,192
75,355

729.078
756,024
875,480
•
i

.. V

• A p p roxim a te figu res.
f A n d 66 m ile s o f canal.
§ I n c lu d e s C entral o f N. J. ea rn in gs fr o m a n d a ft e r J u n e, 1883.
T N ot in c l.c o n s tr ’n m a te r ia l.
r
a 3£m bracing correct*ns f o u n d n ece ssa ry a ft e r m o n th ly t o ta ls h ad b e e n pu b lish e d .
b J u ly figu res are a p p ro x im a te .
c June, 1882, figu res (a s w e ll a s
th o s e f o r J u n e in p reced in g years) in c lu d e s m is ce lla n e o u s r e c e ip ts f o r fcbe w h o .e o f th e fiscal ye a r ©nded w it h t h a t m o n th . S in ce th a t t im e th e s e r e c e ip t s
h a v e b e e n a d d e d t o each m o n t h ’s e a rn ’gs, a n d th u s d is trib u te d e v e n ly th r o u g h t h e year. _ d In c l. $26,631 o f m is c e lla n e o u s re c e ip ts .
« N o t incl*U nion JftU«




'

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OF

R A I L R O A D SECURITIES.
4

JU LY, 1883.
DESCRIPTION;

INCOME;
PRICES;

DIVIDENDS.

CONTENTS.
[R a ilr o a d . S e c u r it ie s .—
A STATEM ENT OF THE STOCKS A N D BONDS OUTSTANDING, A N D THE EA RN IN G S for
Four Years Past, of all Railroads whose' securities are sold in the markets of New York, Boston,
Philadelphia or Baltimore.
J H ig lie s t

a n d

L o w e s t

P r ic e s ,

M o n t h ly .i-

UNITED STATES SECURITIES— For the year 1882, and to July in 1883.
BONDS A N D STOCKS IN N E W Y O R K — For the year 1882, and to July in 1883.
BONDS A N D STOCKS IN BOSTON— For the year 1882, and to July in 1883.
BONDS A N D STOCKS IN P H IL A D E L P H IA — For the year 1882, and to July in 1883.
, BONDS A N D STOCKS IN BALTIM ORE— For the year 1882, and to July in 1883.
R a n g ’© o f * P r i c e s

b y

Y e a r s .—

Y E A R L Y R AN GE OF A C T IV E STOCKS in 1881, 1882, and to July, 1883.
D iv id e n d s .—
DIVID EN DS ON R A IL R O A D STOCKS sold at the Exchanges in New York, Boston, Philadelphia and
Baltimore, paid prior to July in 1883, and during the six years, 1877— 1882, inclusive.
R a ilr o a d

E a r n in g s .—

GROSS EARNINGS, by months, since January I, 1880.

PRICE, B O M D
TO




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Investments and Speculation—

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Compound Interest Table, Showing Accumulations of Money

Banking and F inancial-

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United States and abroad.

Railroad Earnings.

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Foreign E xchange-

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Market and Prices in New York, 1870-1882.

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