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Commercial
[Entered according to act of
&
Financial ^hronicle.
Congress, in the year 1882. by Wm. B. Daka & Co., in the office of the Librarian of Congress, Washington, D. C.]
NEW
YORK,
AUGUST 26, 1882.
“
INVESTORS’
SUPPLEMENT
OF
And also,
all that certain bond
or
writing, obligatory, and the inden¬
ture of mortgage securing the same, bearing even date herewith,
executed and delivered by the said Philadelphia <fc Reading Coal & Iron
Company, hereinbefore and hereinafter called the Coal Company, to the
Railroad Company, to secure the payment of the sura of thirty millions
of dollars upon tne first- day of July, 1908; which said indenture of’
mortgage is recorded in the office for the recording of deeds in and for
the County of Schuylaill, at Pottsville, in mortgage book VV, page 400;;
THBC
(fjjnmurrial & jPmanrial (£jjronu!t.
and the debt
or sums
reserved
by the said mortgage, and all moneys
receivable thereunder, and all rights and remedies thereby given.”
The Supplement contains a complete exhibit of the Funded Debt of
States and Cities, and of the Stocks and Bonds of Railroads and other
Companies.
It is published on the last Saturday of every other
month—viz., February, April, June, August, October and December.
It is furnished without extra charge to all regular subscribers of
the Chronicle. Single copies are sold at $2 per copy.
WILLIAM!
B.
DANA
&
CO.,
Publishers,
79 c6 81 William Street.
PHILADELPHIA
&
READING
MORTGAGE
In the last
GENERAL
BONDS.
issue of the Investors’
Supplement,
an
made into the character and standing of
the New York Lake Erie & Western second consolidated
examination
was
REDEMPTION
BEFORE
MATURITY.
As to the
right of the company to pay off these bonda
prior to maturity, it is well known that Mr. Goweir
assumed such a right last April, and acted upon it in
giving notice to the Trust Company that the bonds might
be paid in July.
No such right is reserved in the termsof the bond, but it is claimed under the sinking fund pro¬
visions in the mortgage.
These sinking fund provisiona
are referred to in the face of the bond in the
following
words:
“
And which
mortgage creates an accumulative sinking
redemption of the said bonds by annual
bonds. As the Philadelphia & Reading general mortgage
bonds occupy much the same position in the Philadelphia drawings at par, by which the whole of the said bonds for
market that the above-named bonds occupy in New York, $60,000,000 will be redeemed in thirty-four years, accord¬
it is proposed in the present article to inquire into their ing to the table printed on the back hereof.”
The sinking fund p * msions are very jparticularly set
standing and prospects as a junior mortgage security of
forth in the mortgage in articles 2 and 3 thereof as follows:
that famous corporation.
The inquiry as to a mortgage
“Article 2.—The said total amount of
bond ihay be pursued under two heads: first, as to the authorized and secured shall be redeemed $60,030,000 of bonds hereby
by an accumulative annual
sinking fund of one per ceul per annum on the amount thereof: that is
legal status of the bond as determined by the mortgage deed to say, of $600,000 gold per annum, commencing on the day of the date
hereof (the first drawing thereunder being payable ou the first July,
under which it was issued, embracing also its
rights and 1875). and increasing at compound interest at six per cent per annum
by the
the
possibilities in case of foreclosure; and, secondly, the during addition ofupon interest which would have accrued, at that rate,
each year
the bonds previously drawn for redemption by
means of tbe sinking fund, in accordance with the following table :
prospects that the interest will be earned by the company
and paid, thus putting out of the question the
disagreeable Tear ending Number No. of b'ds Tear ending Number No. of Vds
o f bonds
left out¬
left out¬
necessity of foreclosure, with all its delay and general first July— of bonds standing. first July— drawn. standing.
drawn.
unpleasantness.
600
1875
1893.
59,400
1,712
39,745
fund for the
The
general mortgage of the Philadelphia & Reading
Railroad was dated the first day of July, 1874, and the
bonds are payable on the first day of July 1908. The
right to pay them off at an earlier date, through the opera¬
tion of the
sinking fund, will be referred to hereafter.
The Fidelity Insurance Trust & Safe
Deposit Company of
p
Philadelphia
is the trustee. The total authorized issue
was
$60,000,000, and bonds were provided for in four
forms, viz., currency coupon bonds, currency registered
bonds, gold dollar and sterling coupon bonds, gold dollar
1876
1877
1873
1879
1880
1881
1882
1883
636
674
714
753
803
851
902
956
1831
1885
1886
1887
1888
1889
1,014
1,074
1890
1891
1892
58,764
58,090
57,376
56,618
55,815
54,964
54.0C2
53,106
52,092
51,018
49,379
1,139
1,208
1,280
1,356
47,391
46,035
1,438
44,597
1,524
1,616
1894.
1895.
1896.
1897.
1898.
1899.
1900.
1901.
1902.
1903.
1904.
1905.
1906.
1907.
1908.
1,816
1,924
2,010
2,162
2,292
2,429
2,575
2,730
2,893
3,067
3,251
3,447
37,929
36,005
33,965
31,803
29,511
27,082
24,507
21,777
18,884
15,817
12,566
9,119
5,467
1,595
43.073
48.671
41,457
3,652
3,872
1,595
60,000
“Article 3. In every year,
if and so long as less than the total amount
of $60,0 >0,000 of bonds shall have been issued, the amount to be actu¬
ally applied as tbe siuking fund for that year sball (subject to the pro¬
visions at the end of this article) be such proportion of the full amount
of the sinking fund, under tbe provisions of Article 2 for that year, as
tbe amount of bonds which shall have been issued under these presents
shall be of the total $60,000,000 of bonds hereby authorized.” * * *
The prior liens recognized by the
registered bonds.
mortgage were $24,618,000 of consolidated mortgage
bonds of 1871 and $10,000,000 of the
improvement
mortgage'bonds of 1873, making $34,618,000 in all,
The only claim
which covered
everything in the shape of prior liens maturity must be
except a small amount of purchase-money mortgages on which says that 11
real estate of the railroad
or more
company.
years be
of a right to redeem the bonds before
based on the last paragraph of article 4,
the railroad company shall also in any one
entitled out of any other funds to increase
l<
PROPERTY COVERED BY THE MORTGAGE.
the amount to be applied in such year or years for sinking
The
property covered by the mortgage embraces the et fund to such amount as it shall think fitand the com¬
entlre line of
railway and branches, its leases of other pany is to give notice to the trustee by the 15th of April
roads, its real estate, rolling stock, franchises, &c., and, in any year when an increase will be so made. It seems
na%, a mortgage for $30,000,000 on the property of the evident from the obscure position and .the wording of this
°al k Iron
artiole that the company did not intend to reserve thereby
Company mentioned In the deed as follows:
“
INVESTORS*
11
SUPPLEMENT.
[Voi* XXXV,
right to call in the bonds before maturity, and certainly tions lawfully issued under their admin'isTruITju uiu^Tq
the bondholders could not have bo interpreted it.
It paid before any thing else. In regarding tho company
is doubtful whether a court of equity would grant with the view of possible foreclosure, to ascertain what
such a right under this provision, which appears to have amount of lien3 would stand ahead of tho general mort¬
beon inserted at the end of the sinking fund article gage there should be included only tho prior mortgage
merely for the purpose of allowing trio compiny to apply on the road say $33,500,030 ; the receivers’ obligations of
other surplus inoomo from earnings, etc., if any,'to the both companies, say $2,700,000 ; real estate mortgages,
payment of its bonds. Suppose that within one year after say $2,(500,000; and tho coal company’s purchase money
these bonds had been issued notice of their payment mortgages, about $12,GO0,000; a total of about $51,400,000
had been given under this clause, would it not have on tho entire property of tho railroad company and coal
been considered illegal, or at least very sharp prac¬ and iron company which would precede the lien of the
What the bondholders may consent to do is general mortgage. Tnis is an approximation in round
tice ?
another question; and in view of the efforts made to figures, taken from the tables given in the last annual re¬
place the company in a better position, and the fact that port on page 103 of the appendix. As the combined
balance sheet of both the companies exhibits total assets
many of the present holders purchased their bunds below
par, it is probable that a liberal spirit would be shown and of $149,052,626, the outlook for the general mortgage
bonds is certainly very good, and it is highly improbable
a majority would present their bonds for payment without
opposition. It was very important for Mr. Go.ven to es¬ that this immense property will ever be permitted to go to
tablish'his right of redeeming these bonds, on account foreclosure.
of their lien on the coal lands, for in case the general
INCOME APPLICABLE TO INTEREST PAYMENTS.
The more rational and more agreeable inquiry concern¬
mortgage is discharged the new 5 per cent mortgage would
cover the coal lands, subject only to the relatively small
ing the- general mortgage is simply as to the prospect
amount of their purchase-money liens.
Article i (the that the yearly income of the two companies, over
one under discussion) reads as follows:
and above every charge which must fairly take prece¬
Article 4. Tho amounts to lx* reoei/od yoarlj by tho railroad oom¬
dence
of
the
interest on
this mortgage, will be
pany from tho amkiiii? fu id provided for in tlio indontare of mortgage
a
"
executed by tho coal company to the railroad oompany hereinbefore
mentioned, shall be applied pro tanto os part of the Kinking fund to be
provided in pursuance of these presents; but if in any year tho amount
of money derived from the sinking fund provided for in tho .'-aid inden¬
ture of mortgage from the eoal company ahull bo greater than tho sum
hereinbefore covenanted to be set apart for that year as the sinking
fund, the entiro amount so received from the ooal . omtuny for that
shall bo paid and anpliod by tho railroad oompany as is provided
by those presents for the sinking fund. Tho railroal oompany shall
also in
year
entitled nut of any other funds to
in suoli year or years for sinking
fund to such amount as it shall think tit. In every case where, under
the provisions of this article, tho anion tit of tho sinking find shall be
increased beyond the amount provided by Article 3. the rail id id com¬
pany shall give uoii<*« to the trust oompany, at itsotlice in Philadelphia,
not later than the 15th April in tho y<-ur in question, what wiU be the
amount which will in that year bo applicable as smkiug fund."
any one or more years tie
Increase the amount to bo applied
RIGHT
OP
FORECLOSURE.
sufficient
here
to
to
meet
assume
interest.
that
that
the
is
It
as one; the leased lines and the
all essential to the system as it stands,
all be
managed
coal properties
are
and with
a
few
exceptions they could not well be sacrificed. Looking,
then, to the income and charges in the last three fiscal
years, after all the rentals of leased lines were paid, lot us
see
what balance remained to pay interest, and what
On page 45 of. the
charges should stand against it.
last annual report, where both companies are treated as a
unit, their combined revenue and operating expenses,
including rentals, with the resulting balance applicable to
provisions for the foreclosure of the mortgage in
case of default are clearly stated, and the trustees have
ample powers to protect the bondholders, always subject interest, are given as follows:
to the prior lien of the consolidated bond3.
Tho torm3 of RESULT OF DUaiNRSS OF TIIK PHILADELPHIA & READING
COAL A IRON COMPANIES.
the deed on this point are as follows:
The
necessary
will
properties
k
“
Article 7. If tho railroad oompany, their snoccssorg or assigns, shall
at auy time hereafter, after demand mad**, make delimit, or reiuse, neg¬
lect, or omit, for auy period exceeding three mouths, to pay the
half-yearly interest on the bonds intended to he hereby secured, or auy
of them ; or shall, after demand made, make default, or refuse, negleot.
principal
omit, for any period exoeediug three mouths, to pay the
sum of each and all of the said bonds iutended to be hereby secured, or
or
of them, when and as the same shall beoome due and payable; or
shall refuse, neglect, or omit, for any jieriod exceeding three months, to
pay and apply ttie sums stipulated by Articles 3 and 4 to be provided
for the sinking fund, iu aooordatioe w.th tho terms of the said articles ;
or shall, after demand made, refuse, neglect, or omit, for any period ex¬
ceeding throe months, to furnish to the Trust Company the statement
required to be furnished by Article 10, then and in either such case the
Trust Company may, and upon the written request of the hoideis of
one-tenth in amount of the bonds issued upou tho security of these
presents then outstanding, shall enter upon and take possession of the
railroads, estates real and personal, and premises hereby mortgaged, or
agreed or intended so to be (other than the said debt, bond and mort¬
are provided for iu Articles
gage of the coal oompmy, which
12 and 13), and operate, use, manage «nd control the said railroads,
estates real and personal, and promises, possession of which may be so
taken,to tho best ad vantage,and appropriate the net income and proceeds
derived therefrom.” &c. * * * “And the Trust Com pauy iu the same
events may, and upon tho written request of holders of the said propor¬
tion of the said bonds shall, after or without entering upou or taking
suoh possession, sell the railroads, estates real and personal, corporate
rights and franohises, and premises hereby mortgaged, or agreed or
intended so to be (other than the said debt, bond, and mortgage of tho
coal company) to tho highest and best bidder, • <Stc.
RAILROAD AMI#
’
Gross
Revenue.
Tear.
OperaVg expenses
and Rentals.
$23,493,880
1879
$23,937,886
1889
1881
32.177.003
26.682.021
39,286,463
28,593,114
m
Re enne.
$3,444,006
5,l9it»78
6.889,348
any
We have here
a
net revenue
applicable to interest and
sinking funds of $3,444,005 in the year ending Nov. 30,
1879, $5,494,978 in 1880, and $6,688,348 in 1881. There
was some controversy between the Board of
Managers—
headed by Mr. Bond, and the receivers—headed by Mr.
Gowen, as to what should actually be considered net
income in 1881; but the comparison from which the above
figures are taken is made for a long period of eleven
years—from 1871 to 1881, inclusive—and is supposed to be
As to the annual charges against the
true in its exhibits.
income, the payments to different sinking funds for the
PRIOR LIENS.
retiring of a certain amount of the principal of their
When the general mortgage was issued there were the con¬ bonds may fairly be eliminated, as those payments
solidated and improvement mortgages, recognized as prior go to the cancelling of permanent debt, and in the
liens, amounting together to about $35,000,000, and to pro case of most railroad corporations the amount is made
vide for this amount 35,000 bonds were reserved to be issued good by the issue of other bonds,, and might be so
with
Reading.
Sinking funds no longer have the
only in payment of those liens. There was also a small
favor they used to have, and on the contrary, with
amount of purchase money mortgages on real estate of the
railroad company, but the old prior mortgage bonds of good bonds paying 5 or 6 per cent and running a long
small amounts on the road were covered by the amount of time, the holders are glad to have the sinking fund
the consolidated mortgage a3 above mentioned, and did provision canceled so that their bonds may not be
not constitute additional liens.
In 1882 the prior obliga¬ in prior to maturity. Putting aside the sinking funds,
tions have somewhat increased, as the company having which are a payment of the principal of the bonds, the
been for some time in the hands of receivers, the obliga¬ annual charges to precede the interest on the general mort-
called
r
iroTWT.
ENYESTOKS* SUPPLEMENT. ,
ill
mortgages are paid off, are a first lien on the property.
6taied substantially as follows, from the Beyond this there is nothing to add to the list except the
1882.1
may be
classification on page
gage
103 of the report for 1880-81 :
Principal.
underlying mortgagee....
Improvement mum tgago ........... .........
Rt iil estate loads and mortgages Railroad Co.,
roal & Iron Co. purchase money. mortgages, Ate
Reivers* obligations Kail mad Co
Receivers’ oblUatioufl C-oal * Lou Co
Consolidated and
$24,192 loo $1.-86.960
501,840
D.’.itii.oOO
161 090
•2.60 J,4s2
12.6 {5,00
88l,7r><)
11 t.615
1,876.920
47.805
790.746
7,2 IS
Add
19,1
general mortgage.
The
86,<’06
1,181,160
actual charges here shown
leased
for all rentals.of
$51,500,000 of debt preceding
for interest on tho $19,686,000
general mortgage bonds, amount to $4,532,620 per year,
while the average yearly income in the past three years
was $5,209,110, and in the laitof those years—1881—
was $6,688,348, against $3,444,005 in 1879.
No account
has been taken of the floating debt secured by collaterals,
as it is assumed that the money received from the deferred
income bonds will at least cancel that debt, even should the
negotiation of the new 5 per cent consolidated mortgage
by Mr. Gowen prove to be a failure.
Among all the general or “ blanket ” mortgages dealt in
at any of the Stock Exchanges, there would appear to be
none which has a greater relative value back of it than
the Reading general mortgage.
If the company defaults
again and foreclosure takes place, which, as above said,
is hardly within the limits of probabilty, the principal of
the bonds would seem to be abundantly secured.
While
lines, for interest on some
the general mortgage, and
on
the other
hand,
if the company goes on as
Maine, Now Hampshire,
AJaflKaehiiKetttt—
BANKS
of the Supplement an
on
18^9
1901
1,000.000
6
1885
300,000
O
400,000
4*fl
1897
19i0
7
7
7
7
7
7
1903
1900
1916
1915
1888
1921
32,198,000
12,000,000
7
6
6
7
1914
1889
1897
5,000,000
6
7
1900-1904
RR..
Pennsylvania RR
Bald Eagle Valley RR
Shainokin Vnl At Pottsville
Elmira At Williamsport RR
East PenfisylvautoRR
RR..
Little Schuylkill RR
Ohio—
Cleveland Si Pittsburg
Columbus At Xenia RR
Little Miami RR
Pittsb. Ft.W.&Ch. RR.(ser.AtoF)
Michigan—
Grand River Valley RR
Kalamazoo A1. eg an At Grand Rap
Indiana—
Joliot At North. Indiana
Terre Haute At Indianapolis RR..
Illinois —
Chicago & Alton RR
Chic. Rook Island At Pacific RR..
Ohio. B. At Quincy RR. trust mort.
Inconvertible mort
Trust mort
Bonds of 1890
B. & Mo. Ri\. RK. (la.) 1 gr. bds.
Iowa, Kansas, Missouri, Wisconsin*
Nebraska
8
6
7
6
7
6
7
7
2,380,000
350,000
1,000,000
1,925,000
5,000,000
350,000
750,000
1901
1910
1888
1882
991,000
500,600
161,000
700,000
962,000
4*K),000
2,000,000
’
1910
1,000,000
405,900
450.000
,
1,096,000
7
1892
189)
1883
1912
8
8
1886
1808
1,000,000
7
7
1907
1893
7
6
8
8
7
7
7
1893
6
7
6
302,000
1,500.000
5,250,000
Nothing
840,000
800,000
1,600,000
1917
2,400.000
12,500,000
1883
1883
2,262,000
1890
653,000
1096
1893
647,475
4,189.550
150,000
Nothing
Nothing
$106,453,925
that the bonds that were
all of minor importance; and their aggregate
It will be observed
are
200,000
1885
1904
1883
1917
Total
Con¬
300,000
1900
Kentucky
INVEST.
article
7
4
Penney 1van is*—
Connecting RR. (5 series)
Corning Cowanesque At Antrim ..
Cumberland Valley RR
Harrisb. P. Mt. Joy & Lan RR..
MEETS.
In the Juno issue
RR...
RR...
New Jersey—
Morris & Essex RR
United N.J. consol, mort. of 1862
Camden .v Burlington County
Warren RR
*
SA VINOS
$550,000
Albany At Susquehanna RR
Rensselaer At Saratoga RR
hands of receivers, or, by the contribution
capital, is taken out of the hands of the
receivers and restored to the stockholders, the income
strictly applicable to the payment of general mortgage
interest would seem to be ample under any contingencies
CONNECTICUT
1883
Shore LineRR
Now York State—
N. Y. Cent. Si Hudson River
N. Y. At Harlem RR
Buffalo N. Y. At Erie RR
Oswego & Rome RR
new
likely to arise.
Nothing
6
New Loudon Northern RR
Norwich & Worcester RR
at
Amount*
RR...
Connecticut—
Southwest
Date of
Maturity.
Vermont..
Vermont At MassaoliuseUs
Rhode Island—
N. Y. Pn.videnoe At Boston
N. Y. Providence & Boston
present in the
of
Rate of
Interest.
Namb.
$3,331,400
$1,159.20 :fU.>S2.0:0
Total
bonds of the Kalamazoo Allegan &
Grand Rapids Railroad.
On the other hand, the Commis¬
sioners have ruled againBt the Union Pacific, and this issue
of over 27 millions has therefore to be taken out, giving
the following as the revised table.
$840,000 8 per cent
Annual
intercut.
omitted
amount
Savings Banks Investments was published, in
is insignificant.
Indeed, this latter is less than six mil¬
which attention was called to the limited application of
lions, and is offset almost five times over by the exclusion
the law of 1880 permitting those institutions to invest in
of the 27 millions of Union Pacific bonds.
The grand
necticut
bonds of railroad companies that had
total of our table now foots up $106,458,925, of which 32
paid dividends on their stocks for five years previously. millions consists of New York Central bonds, the Commis¬
To illustrate our remarks we inserted a table, prepared by
sioners having decided that these bonds are a lawful invest¬
Mr. Harvey E. Fisk, intended to show the bonds that
ment for the banks.
[It will bo remembered that it was
came within the purview of this law.
The publicity given doubted whether
they came strictly within the provisions
the matter has tended to confirm the substantial accuracy
of the law, since on a part of the property there was an
of Mr. Fisk’s list, though it has also developed tho fact of
outstanding prior lien of $1,422,000.] Outside of the
some inconsequential omissions natural to an examination
Central issue there are only $74,260,925 in which the
of this kind, but which the Chronicle desires, equally
banks can invest, and the most of these issues are small
with Mr. Fisk, to make brief reference to, and thus give
and so held as to be unavailable.
We repeat, therefore,
additional value to the article.
that the new law has widened the investment circle for
The first of these omissions would appear to be the
the banks but very little, and that consequently it has
millions G per cent first mortgage bonds of the Little
failed to accomplish fully the purpose for which it was
Miami Railroad.
The road is leased to the Pittsburg
enacted.
While it is of course wise and necessary that
Cincinnati k St. Louis, and dividends are regularly paid,
there should be some restrictions upon the banks in this
but the bonds are practically unavailable, falling due
within nine months, or in May, 1883.
Then the $302,000 particular, it is exceedingly difficult to suggest the precise
the first mortgage
limitations which may be desirable.
In New York the
bonds of the Columbus k Xenia
savings banks lost heavily on State bonds, those of the
might also be included in the table, though the issue is so
Southern States falling disastrously ; in New Jersey the
small as to be scarcely worth mentioning.
Another small
default of promising cities like Rahway and Elizabeth
issue that might be embraced in the list is that of the
brought severe losses to the banks or to other institutions;
$750,000 7 per cent bonds (now firsts, formerly seconds)
and it has become evident that in the whole scope of finan¬
7 per
cent first mortgage
©f the Warren Railroad.
Then there are the $800,00b
7
cial
legislation there are few
subjects more difficult to
bonds of the Joliet k Northern Indiana, and the
$1,096,000 6 per cent fourth mortgage bonds c the provid e for by satisfactory restrictions
ments of trust corporations*
Cleveland & Pittsburg Railroad, which, now that the prior
per cent
than these invest-
INVESTORS' SUPPLEMENT.
IV
INDEX
For reference to the former
FORMER NAME. [
name
NAMES
TO
of any company
OF
Alabama A Tennessee River
Selma Rome A Dalton.
American Dock A Improvem’t Co.. .Central of New Jersey.
Androscoggin & Kennebec
Maine Central.
Arkansas valley
Atchison & Nebraska
Atchison A Pike's Peak
Atlantic A Great Western
Atlantic & Gulf....
Atlantic Mississippi A Ohio
Atlantic A Paoitie
Baltimore Short-Line
RAILROADS.
that hat been consolidated
WILL NOW BE FOUND UNDER—
Denver A Rio Grande.
Chicago Burlington A Quincy.
Ohio Railroad.
Chicago A Northwest.
Philadelphia A Reading.
New York A New England.
Lake Shore A Michigan Southern.
Burlington A Missouri
Chicago A Alton.
Texas A New Orleans.
Lexington..Louisville & Nashville.
Lynchburg A Danville
8t. Lonls—Louisville Evansville
Massawippi
Memphis A Ohio
Flint A Pere Marquette.
Chicago Burlington A Quincy.
A St. Louis
Wash. City Va. Mid. A Gt. Southern
Georgia RR. A Banking Co.
Central Railroad A Bank Co.,
Ga
Cleveland A Marietta.
Connecticut A Passumpsic.
Louisville A Nashville.
Marietta Pittsburg A Cleve
*
Menominee River
Chicago A Northwest.
Metropolitan Elevated
Michigan Air-Line
Manhattan Elevated.
Michigan Central.
Michigan 80. A North’n Indiana
Lake Shore A
Midland of New Jersey
Milwaukee A Western
Minnesota Central
New York Susquehanna A Western
Chicago Milwaukee A St. Paul.
Chicago Milwaukee A St. Paul
Minnesota Valley
Missouri Pacittc.
Missouri Pacific.
Missisquoi
Missouri River Fort Scott A Gulf
Missouri River RR
Central Branch Union Pacific
Central of Long Island
Central Vermont
Cham. Havana A West
Charleston A Savannah
Central Pacific.
United Companies of Now Jersey.
West Jersey.
Central Branch Union Paoiflo.
Chicago Cincinnati A Louisville
Chioago Clinton Dubuqe A Minn
Chicago A Great Eastern
Clueago A Illinois River
Chicago A Michigan Lake Shore
Chicago A Milwaukee
Chicago A Springfield
Chicago A South western
Chic. St. Paul A Minn
Cincinnati A Baltimore
Cincinnati A Chicago Air-Line
Cincinnati A Indiana
Cincinnati Lafayette A Chicago
Clayton A Theresa.
Flushing North Shore A Central.
Vermont Central.
Wab. St. Louis A Pacific.
Savannah A Charleston.
Wabash St. Louis A Pacific.
^
C. M. A St. Paul.
Columbus Chio. A Indiana Central.
Chicago A Alton.
Chicago A West Michigan.
Chicago A Northwest.
Illinois Central.
Chicago Rock Island A Paoiflo.
Chic. St. Paul Minn. A Omaha.
Marietta A Cincinnati.
Columbus Chic. A Indiana Central.
Cin. Indianapolis St. Louis A Chic.
Cin. Indianapolis St. Louis A Chic.
Utica A Black River.
Cleveland
Cleveland
Cleveland
Columbus
Columbus
Mt. Vernon A Delaware..Cleveland Akron A Columbus.
Painesville A Ashtabula. .Lake Shore A Michigan Southern.
A Toledo
Lake Shore A Michigan Southern.
A Indiana Central
Columbus Chic. A Indiana Central.
A Indianapolis Central.. .Columbus Chic. A Indiana Central.
Columbus A Toledo
Col. Hocking Valley A Toledo.
Connecticut Western
Hartford A Connecticut Western.
Covington A l^exington
Kentucky Central.
Dakota Southern
Sioux
City A Dakota.
Danville A Vincennes
Chicago A East. Illinois.
Chicago Milwaukee A St. Paul.
Davenport A Northwest
Decatur A East St. Louis
Delano Land Co
Denver Pacific
Detroit A Bay City
Detroit A Eel River
Detroit A Milwaukee
Detroit Monroe A Toledo
Detroit A Pontiac
Dix-on Peoria A Hannibal
Wabash St. Louis A Paoiflo.
Lehigh Valley.
Union Pacific.
Michigan Central.
*
Chicago Burlington A Quincy.
Dubuque Southwestern
e
Eel River.
Detroit Grand Haven A Milwaukee.
Lake Shore A Michigan Southern.
Detroit Grand Haven A Milwaukee.
Chicago Milwaukee A St. Paul.
Easton A Amboy
Lehigh Valley.
East Tennessee A Georgia
EastTenn. Virginia A Georgia.
East Tennessee A Virginia
East Tenn. Virginia A Georgia.
Erie
New York Lake Erie A Western.
Essex
r.
Eastern (Mass.)
Evansville A Crawfordsville
Evansville A Terre Haute.
Evansville Henderson A Nashville.. Louisville A Nashville.
Evansville A Terre Haute
Chicago A East. Illinois.
Flint A Holly
Flint A Pere Marquette.
Florence El Dorado AW
Atchison Topeka A Santa Fe.
Florida Central
Florida Central A Western.
Framingham A Lowell
Lowell A Framingham.
Delplios A Burlington.
Chicago A Northwest.
Chicago A West Michigan.
Michigan Central.
Newtown A
Northwestern Virginia
Oakland A Ottawa River
Ohio A West Virginia
Indianapolis Decatur A Springfield
Indianapolis Bloom. A West. Exten.Champaign Havana A Western.
Cin. Indianapolis St. Louis A Chic.
Indianapolis A Cincinnati
Indianapolis Cin. A Lafayette
Cin. Indianapolis St. Louis A Chic.
Indianapolis A Madison
International A Great Northern
Ionia A Lansing
Iowa City A Western
Iowa A Dakota
Iowa Midland
Iowa A Minnesota
Iowa South. A Missouri North
Jackson Lansing A Saginaw
Jamestown A Franklin
Joliet A Chitmgo
Jeffersonville Madison A Iud.
Missouri Kansas A Texas.
Detroit
Lansing A Northern.
Burlington Cedar Rapids A North’n.
Chicago Milwaukee A St. Paul.
Chicago A Northwest.
Chicago Milwaukee A St. Paul.
Chicago Rock Island A Pacific.
Michigan Central.
Lake Shore A Michigan Southern.
Chicago A Alton.
Kalamazoo Allegan A Gr. Rapids ..Lake Shore A Michigan Southern.
Kalamazoo A Schoolcraft
Luke Shore A Michigan Southern.
Kalamazoo A SoutliJIav.cn
Kalamazoo A White Pigeon
Kansas City A Cameron
Kansas City A Eastern
Kansas City St. Jos. A Council B
Kansas City St. Louis A Chic
Kansas City Topeka A Western
Kansas A Nebraska
Kansas Pacific
Lackawanna A Bloomsburg
Michigan Central.
Lake Shore A Michigan Southern.
Hannibal A St. Joseph.
Missouri Pacific.
Chicago Burlington A Quincy.
Chicago A Alton.
Atchison Topeka A Santa Fe.
St. Joseph A Western.
Union Pacific.
Delaware Lackawanna A Western.
Lafayette Bloomington A Muucie.. .Lake Erie A Western.
Lake Erie Wabash A St. Louis
Leavenworth Atchison A N’wcst
Leavenworth Lawrence A Galv
Leeds A Farmington
Lehigh A Wilkesbarre Coal Co
Lexington A Southern
Long Dock Company
Wabash St. Louis A Pacific.
Missouri Pacific.
Kansas City Lawrence & Southern
Maine Central.
Central of New Jersey.
Missouri Pacific.
New York Lake Erie A Western.
Lake Ontario Southern.
Washington City Va. Mid, A Gt. So.
Chicago Burlington A Quincy.
Missouri Pacitio.
Chesapeake Ohio A Southwestern.
Peoria Decatur A Evansville.
Chicago A Northwest.
Pomeroy A Newark.
Chicago A Lake Huron.
Port Royal A Augusta.
Michigan
Port Royal
Portland A Kennebec
Prairie du Cbien
Pueblo A Arkansas Valley
Maine Central.
Chicago Milwaukee A St. Paul.
Atchison Topeka A Santa Fe.
Chicago Burlington A Quincy.
Quincy Alton A St. Ixmis
Quincy Mo. A Pacific
Quincy A Palmyra
Quincy A Toledo
Quincy A Warsaw
ltepublican Valley
Rochester A Northern Minnesota
Wabash St. Louis A Pacific.
Hannibal A St. Joseph.
Wabasli St. Louis A Pacific.
Chicago Burlington A Quincy.
Burlington A Missouri in Nebraska,
..
St.
Joseph A Denver City
St. Joseph A Pacific
St.
St.
St.
St.
St.
St.
.
Wabash St. Louis A Pacific.
Buffalo Pittsburg A Western.
Atchison Topeka A Santa Fe
Pomeroy A State Line
Chicago Milwaukee A St. Paul.
Chicago Burlington A Quincy.
Pittsburg Titusville A Buffalo.
Burlington A Missouri in Nebraska
Pacific of Missouri
Hastings A Dakota
Wabash St. Louis A Pacific.
Chicago A Northwest.
Baltimore A Ohio.
Detroit Gr. Haven A Milwaukee
Col. Hocking Valley A Toledo.
.
Paducah A Elizabethtown
Pekin Lincoln A Decatur
Peninsular (Mieli.)
Peoria Pekin A Jacksonville
Pittsburg Titusville A Buffalo
Pleasant Hill A De Soto
Missouri Kansas A Texas.
Wabash St. Louis A Pacific.
New York New Haven A Hartford.
'.
Wabash St. Louis A Pacific.
Chic. St. Paul Minn. A Omaha.
Richmond A Danville.
Orange A Alexandria
Ottawa Oswego A Fox River
Hannibal A Central Missouri
Hannibal A Naples
Harlem A Portehester
Valley.
Chicago Burlington A Quincy.
Omaha A Southwestern
Ontario Southern
St.
Hudson A River Falls
Illinois Grand Trunk
Illinois A Southern Iowa
Indiana A Illinois Central
Long Island.
.Oil Creek
Port Huron A Lake
..
Cleveland A Mahoning
Norfolk A Western.
Norfolk A Petersburg
Northern Cross
North Missouri
North Wisconsin
Northwestern North Carolina
Northwestern Union
Wabash St. Louis A Pacific.
Green Bay Winona A St. Paul.
Columbia A Greenville.
Houston A Great Northern
Flushing
Niles A New Lisbon
St.
St.
St.
St.
Flint A Pore Marquette.
New Haven A Northampton.
Missouri Kansas A Texas.
Chic. St. Paul Minueap. A Omaha.
Chicago St. Louis A New Orleans.
.Kansas City Fort Scott A Gulf.
Missouri Paoiflo.
Montclair
New York A Greenwood Lake.
Monticello A Port Jervis
Port Jervis A Monticeilo.
Nashua A Rochester
Worcester A Nashua. Newark A New York
Central of New Jersey.
New Bedford Railroad
Boston Clinton Fitchburg A N. B.
New Jersey Midland
New York Susquehanna A Western.
New Jersey RR. A Transportat’n Co.United New
Jersey RR. A Canal Go’s
New Mexico A So. Pacific
Atchison Topeka A Santa Fe.
New Orleans Jackson A G. N
Chicago St. Louis A New Orleans.
New Orleans Mobile A Texas
New Orleans A Mobile.
New Orleans Pacific
Texas A Paoitie.
New York Elevated
Manhattan Elevated.
New York A Manhattan Beach
Manhattan Beach Co.
New York A Oswego Midland
New York Ontario A Southern.
New York A Rockaway
Long Island.
Toledo
Holyoke A Westfield
Vermont A Canada.
Mississippi Central
Frankfort A Kokomo
Cralena A Chicago Union
Grand Rapids New A L. Shore
Grand River Valley
Great Western (Ill.)
Green Bay A Minnesota
Greenville A Columbia
Holly Wayne A Monroe
Michigan Southern
Chicago A Northwest.
Cairo Arkansas A Texas
Cairo A Fulton
California A Oregon
Camden’A Amboy
Cape May A Millville
:
WILL NOW BE FOUND UNDER—
Macon A Augusta
Macon A Western
8t. Louis A Ban Francisco.
Marietta A Cincinnati.
~
Berks County
Boston Hartford A Erie
Buffalo A Erie
reorganized the following is prepared
Louisiana
Louisiana "Western
Louisville Cincinnati A
Louisville N. Albany
Norfolk A Western.
Bay City A Saginaw
or
FORMER NAME.
A Missouri
Union Pacific, Central Branch.
New York Pennsylvania A Ohio.
Savannah Florida A Western.
Bellefoutaine A Indiana
Beloit A Madison
[VOL. XXXV.
.Chicago A Northwest.
St. Joseph A Western.
St. Joseph A Western.
Louis Iron Mount’n A Southern.Missouri Pacific.
Louis Jacksonville A Chioago
Chicago A Alton.
Louis Kansas A Ariaona
..Missouri Pacific.
Louis Kansas City A Northern.. .Wabash St. Louis A Pacific.
Louis A Lexington
Missouri Pacific.
Louis Rock Island AC
Chicago Burlington A Quincy.
Louis A Southeastern
Louisville A Nashville.
Paul A Chicago
Chicago Milwaukee A St. Paul.
Paul A Pacific
St. Paul Minneapolis A Manitoba.
Paul A Sioux City
Chic. St. Paul Minn. A Omaha.
Paul Stillwater A T. F
Chic. St. Paul Minn. A Omaha.
Sandusky City A Indiana
Cincinnati Sandusky A Cleveland.
Sandusky Dayton A Cincinnati
Cincinnati Sandusky A Cleveland.
San Francisco Oakland A Alameda .Central Pacific.
Savannah Albany A Gulf
Atlantic A Gulf.
Schoolcraft A Three Rivers
Lake Shore A Michigan Southern.
Scioto A Hocking Valley
Marietta A Cincinnati.
Sioux City & Dakota
Chicago Milwaukee A St. Paul.
Sioux City A St. Paul
Cnic. St. Paul Minn. A Obama.
Smithtown A Port Jefferson
-...
.Long Island.
South Pacific (Mo.)
St. Louis A San Francisco.
South Side, (L. I.)
Brooklyn A Montank.
South Side (Va.)
Norfolk A Western.
Southern Georgia A Florida
Savannah Florida A Western.
Southern Minnesota
Chicago Milwaukee A St. Paul.
Asheville A Spartanburg.
Spartanburg A Asheville
StansteadS. A Chambly
Vermont Central.
Steubenville A Indiana
Pittsburg C. A St. Louis.
Sunbury A Erie
Tebo A Neosho
Tennessee A Pacific
1
Toledo A Illinois
Toledo Logansport A Burlington
Toledo Peoria A Warsaw
Toledo A Wabash
Union
Union A Logansport
Union A Titusville
Utali Southern
Virginia Central
Virginia A Tennessee
Philadelphia A Erie.
..
Missouri Kansas A Texas.
Nashville Chattanooga A St. Louis,
Wabash St. Louis A Pacific.1
Columbus Chic. A Indiana Central.
Wabash St. Louis A Pacific.
.Wabash St. Louis A Pacific.
Northern Central.
Columbus Chic. A Indiana Central.
Pittsburg Titusville A Buffalo.
Utah Central.
Chesapeake A Ohio.
Norfolk A Western.
....:..Wabash St. Louis A Pacifie.
Houston A Texas Central.
Washington City Va. Mid. A Gt. So.Virginia Midland.
West Chester A Philadelphia
Philadelphia A Baltimore Central.
West Wisconsin
Chicago St. Paul A Minneapolis.
Western Pacific
Central Pacific.
Western Union Railroad
Chicago Milwaukee A St. Paul.
Wichita A Southwestern
Atchison Topeka A Santa Fe.
A St. Peter
Winona
Chicago A Northwest.
Wisconsin Valley
Chicago Milwaukee A St. Paul.
Wabash A Western
Waco A Northwest
STOCK AND BOND TABLES.
MOTES.
expressly intended to be nsed in connection with the information concerning Investment matters, published from week to
week in the Chronicle—to whioh an index is furnished in the remarks at the foot of the tables. Annual reports are in blaok-faoed figures.
A description of U. 8. Government Securities is published in the Chronicle each month, as soon as the offioial “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 frequently occur, viz.:
M. foi “mortgage.” s. r. for “sinking fund,” 1. gr. for “land grant,” reg. for “ registered,” coup, for “
coupon,” Br. for “Branch,” guar, for
guaranteed.” end.for “ endorsed.” “ Coupon*” indicates that the bonds are ooupsn, but may be registered.
Date of Bonds.—The date of issue is referred to in this column.
jftits of 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 Far Value.—These figures are dollars, showing the denominations or par value. The figures “ 100, Ac.,”
signify $100 and larger.
Rale Per Cent—The interest per annum isgiven for bonds, but the per cent of Iasi dividend for stocks; g means gold; x,
extra; s, stock or scrip.
When Payable.—J. & J. stands for Jan. A July; F. A A., Feb. & Aug.; M. & S., March & Sept.; A. & O., April & Oct.; M. & N.,
May & Nov.; J. A D.r
June A Dec.; Q.—J., quarterly from January; Q.—F.,
quarterly from Feb.; 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.
Tliese tables are
“
91820781 78878811
•
STATE SECURITIES.
Subscribers will confer
great flavor by giving Immediate notice of any error discovered in these Tables.
a
DESCRIPTION.
For
Date of
Bonds.
Size
Outstanding
$100Ac.
$6,578,000
100 Ac.
100 Ac.
1876
1876
1876
539,000
•
Arkansas—Funding bonds of 1860 and 1870..
Funding Bonds 1870 (Holford)
Levee bonds (or warrants)
Old imfunded debt,
including interest
To Memphis & Little Rook Railroad
To Little Rock & Fort Smith Railroad....
To Little Rock, Pine Bluffs & N. Orleans RR..
To Miss., Ouachita A Red River Railroad
To Arkansas Central Railroad
California— Soldiers’ relief
State Capitol bonds
Funded debt bouds of 1873
Connecticut—War bouds, 20 year
War hnnrin.
War
9Ci
bonds, 20
1
vpat
year.
r
UOUpon
or
do
not taxable, 20 year.. :
New bonds, 10-20 year
Delaware— Refund’g bds., Ber. “A,” “B” A “C”
Dist. of Columbia- Perrn’t imp’t, gold, coup
Permanent improvement bonds, coupon
Bds for fund’g (Act June 10, ’79) coup, or reg.
Fund, b’ds (U.S.guar.,Acts June,’74A Feb.,’75)
Market stock, coupon
Water stock bonds, coupon
Wash, fimd’g, gld, ($660,000 are M. AN., 1902).
Florida—State bonds
Consolidated gold bonus
J re^lsl a
1880
1869 to ’70
1870
1871
1838 to ’39
1875
1869
1870
1870
1870
1870
1863
1870 A ’72
1873
1863
1864
1865
1877
1881
1872
1873
1879
1874
1872
1871 to ’73
1872
1871
1873
1866
1866
1870
1872
1873
1876
1877
1879
•
•
a
•
•
•
1,000
1,000
100 Ae.
1,090
1,000
1,000
1,000
1,000
1,000
1,000
500 Ac.
1,000
1,000
100 Ac.
1,000
1,000
500
100
100
50
50
Ac.
Ac.
Ac.
Ac.
Ac.
Bouds for various State purposes
655,500
989,300
1,877,550
350,000
•
•
•
500,000
542,000
2,298,000
585,000
3,904,783
101,175
773,000
307,500
100 Ac.
*•••
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 A 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 tlie Chronicle, V. 24,
p. 28.
For the $2,000,000 of State 8 per cent bonds issued to the Ala. A Cliatt.
RE. under act of Feb. 11, 1S70, tho State gives the lien oil the lands
g.
g.
g-
g.
7
7
6 g.
7
6 g.
6
7
7 g.
7
8
7
6
5
6
6
7
7
925,000
300,500
3,600,000
2,097,000
307,500
....
.1.
J.
3*65
14,012,000
150,000
1,000
•
1861 to ’75
1864 to ’65
3,911,300
1,000
‘
Military loan
500,000
2,796,000
877,000
1,318,500
1,741,100
1,031,000
715,000
A J. N.
A J.
A J.
are
the latest official assessments:
Real Estate.
$61,892,881
55,713,115
Personal.
Tax Rate.
$31,971,308
32,366,893
32,613,686
58,445,111
10
7
7*2
7*2
1878
55,351,488
1881.
41,843,803
-(V. 32, p. 566 ; V. 33, p. 328, 525, 488, 573.)
California.—The State holds in trust for School and University funds
the $500,000 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.
1878....'
$158,172,198
$128,780,824
$6'20
466,273,585
460,694,217
118,304,451
149,656,007
146,180,978
550
6*40
C
64,082,851
655
Connecticut.—The
■Nvar
debt of Connecticut was all created originally for
Assessed valuation and tax rate per $1,000 have been :
purposes.
,>ears.
18'H
Real Estate.
Personalty.
$235,412,091
}*80
1881
‘$99,970,163
228,987,700
18 <9
Tax Rate.
1*50
95,901,323
150
$327,182,435
$332,170,850
•
ine assessed valuation of real estate is about 70
per cent
~(v. 35. p. 131.)
'
1-50
of the true value.
Delaware.—'These refunding bonds issued July, 1881, take
up out$250,000, redeemable July, 1882 to
B,” $300,000, redeemable July, 1886 to 1891; series “C/*
ttMWing debt.
1880; series
“
Series “A”
are
Y., Importers’ A Tr. Bk
do
do
J.
A.
A.
A.
A.
A.
J.
J.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
N.
J.
J.
J. New
O.
N.
O
O
O.
0.
Due.
do
do
July 1,1906
July 1,1906
July 1.1906
Montgomery.
Jan. 1,
Y., Union Trust Co.
do
1900
1899
1900
1900
do
[I860
York, Nat. City Bank.
Y., Union Trust Co.
do
do
do
do
do
do
do
do
1905
1899
1900
1900
1900
April, 1900
J.
1883
Sacramento, Treasury,
J.
do
do
1885
J.
J.
do
do
1893
J.
J.
Jan. 1, 1883
Hartford, Treasury,
J.
J.
do
do
Jan. 1, 1884
A.
O.
do
do
Oct. 1, 1885
M. A N.
do
do
May 1. 1897
J. A J.
Phila., Phila. Nat. Bank.
1886,1891, 1901
J. A J. Wash, or N. Y., U. S. Treas.
July 1, 1891
J. A J.
do
do
July 1, 1891
J. A J.
do
do
July 1, 1899
F. A A.
do
do
Aug. 1, 1924
J. A J.
do
do
July 26, 1892
J. A J.
do
do
Oct. 1,1901 to ’03
J. A J.
do
do
1892 A 1902
Jan. 1, 1901
N.Y., Donnall, LawsonA Co.
J. A J.
do
do
Jan. 1, 1903
F. A A. N. Y., Fourth National Bk.
Feb. 1,1886
J. A J.
May, 1886
do
do
Q.-J.
Oct., 1890
J. & J.
do
do
July, 1892
A. A O.
do
do
April 1, 1886
J. A J.
do
do
July 1, 1896
J. A J.
do
do
Jan. 1, 1889
A. A O.
N. Y., Winslow, L. A Co.
April 1, 1889
Various
do
do
N. Y., Am. Exch. Nat. Bk.
1883 to ’84
July.
J. & J.
do
do
1884 to ’99
J. A J.
do
do
1884 to ’99
.
$165,000, redeemable July, 1891 to 1901. There is no State tax levied,
nor assessments made by State officers.
(V. 32, p. 500.)
District of Columbia.—The total assessed value of taxable real estate
and personal property is shown below. The interest and sinking fund
on
the 3-65 bonds
are
provided for by Congress, and the amount is
Real and personal estate, Ac., has been
limited to $15,000,000.
assessed as follows:
Real Estate.
A...
$97,609,890
Personal.
Tax Rate.
87,491,442
—(V. 32, p. 69.)
$17,239,051
13,363,920
87,980,356
88,953,078
90,308,495
granted to that railroad, 500,000 to 1,200,000 acres. Tax rate, 1879-80,
7 mills; 1880-81, 6*2 mills. The assessed valuation of real estate and
personalty was $126,773,262 in 1878, $123,757,072 in 1879, and
$139,077,328 in 1880. (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 secured
sinking fund bonds (Loughborough) issued under the law of December.
1874. Assessed valuation of taxable property in 1881 $41,843,803
real
estate and $58,445,111 personal, and tax rate 7*2 mills. The
following
Principal—When
lpai—
Whom.
J. A J.
J. A J
6
6
7
7
7
7
7
7
7
6
6
6
6
5
4
6
7
5
95,500
Payable and by
•
7
374,000
100 Ac.
.
J.
J.
J.
6
6
6
1,268,000
1,986,773
1,985,955
427,000
1,200,000
1,000,000
1,200,000
600,000
1,350,000?
1,000
•
•
Where
Payable
3 Ao.
5
4 Ac.
960,000
1.850,000
500 Ac.
When
Rate.
931,000
2,810,670
•
Georgia—Atlantic & Gulf Railroad bonds
500
Bonds, act of Mar. 12, ’66 (renewal W. A A.)..
500 Ac.
Quarterly gold bonds, act of Sept. 15, 1870..
1,000
Bonds, act of Jan. 18, ’72
1,000
Bonds for funding (Act Feb. 19, .’73)
250Ac.
Bonds to fund coupons on endorsed bonds...
1,000
Bonds exchanged for endorsed RR. bonds
1,000
Indiana— Bonds, coup, (pay’ble after Apr.1,’84)
8cbool fund bonds (non-negotiable)
'•
1861 to ’69
Kansas—Bonds, 1861 to ’69, funding, Ac
lOOAo.
m
I]
INTEREST.
Amount
par
Value.
explanations see notes above.
Substitute b’ds for RR. (B) ($596,000).
do
for Ala. A Cliatt. (C) ($1,<X
Educational funded debt
or
10,895,712
9,666,272
.
.
$15
15
15
15
15
Florida— Less the sinking fund of $150,700, the total debt is $1,125,300, which does not include $132,000 bonds of 1857, held by Indian
Trust Fund. About $460,000 of the bonds are held in school funds, Ac.
Coupons of the consolidated bonds are receivable for taxes. Real and
personal property assessed in 1879 at $30,938,209; in 1881, $36,691.
823. (V. 32, p. 100.)
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 $107,000 taken up and
can¬
celed in that year. Assessed value and tax rate per $1,000 have been
.
Years.
Real Estate.
Personalty. (Rate of Tax.
$134,635,886
134,244,081
$91,585,832
90,849,338
99,276,876
106,195,395
139,657,250
—(V. 34,
p.
148,057,233
88.)
Indiana.—Indiana made
a
Total Debt.
$5-00
$10,444,500
350
350
3
9,951,500
compromise with her bondholders in 1846,
giving them State stock for one-half of their bonds and overdue
coupons,
and Wabash A 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. Valuation, 1881, of taxable property:
Real estate,
$541,110,134; personalty, $220,858,701.
Kansas.—Kansas has but
bonds
was
about
a
small State debt, but the issue of
$13,000,000.
value) have been:
Years.
Real
Estate.
Personal
1877
$97,483,242
1878
Property.$39,997,287
97,567,623
101,229,734
41,131,187
43,700,545
1880
municipal
The valuations (at one-half of true
.,..108,101,123
52,469,63d
—State funds hold $7X6,950 of the bonds.
Rate of Tax
per $1,000.
$5 50
5 50
5 50
5 50'
Total
Debt.
$1,181,975
1,181,975
1,181,975
l.lol,075
STATE SECURITIES.
Subscribers will confer a great
[VOL. XXXV.
flavor by giving immediate notice of any error discovered in these Tables.
INTEREST.
Date of
For explan ation see notes on first page of
.
Levee bonds—Act 35 of 1805
do
Act 115 of 1807
special—Act 32 of 1870
Bonds funding coupons
do
to Boeuf & Crocodile Navigation
to
par
Value.
tables.
Louisiana—Bonds for relief of State Treasury
Bonds in aid of various mil roads
do
do
do
do
do
Size
Bonds.
DESCRIPTION.
Co...
Mississippi & Mexican Gulf Canal..
school, bold by St. Treasurer
to N. Orleans, Mobile & Chutt. Kit
to N. Orleans, Mobile A Tex;is RK
N. O. Mob. A Texas KR. bonds, end. by State
Consolidated funded bonds
Twos, fours and threes (see notes below)
1 Coup.
Maine— VS ur loan bonds
Bounty loan bonds
V or
Municipal war debt assumed
J reg.
Four per cent bonds, ooupon
1853
1866
1867
1870
1866
1870
1869
1857
1870
1871
1869
1874
1880
1863
1864
1868
I860
1838
1838
1838^47
1839
1837
1870
or
$500
1,000
1,000
1,000
500
100 Ac,.
1,000
1,000
outstanding.
[able wa-rt
$333,300
Apr., ’82
MO.000
260.000
48,000
70,OIK)
2,500.0(H)
875,000
100 *ke.
11,307,9* H)
1,723.415
500 Ac.
500 Ac.
lOO Ac.
385,000
Railroads and canals
Eastern 81iore Railroad
Baltimore & Susquehanna
Railroad
Chesapeake & Ohio Canal
Baltimore & Susquehanna Railroad
Annapolis A Elkridgo Railroad
Defense Bounty Loan...
Deaf and Dumb Asylum Loan
Maryland Hospital Loan, 10-15 years
Maryland State Ixian
Treasury relief loan, 10-15 years
Massachusetts—Coast Defense Loan
Bounty Fund Iaoui
Bounty Fund Loan
1,000
m
m
m
~
m
—
m
....
...
1839
1839
1868
1870 & ’74
1872 & ’76
1872
1878
1863
1863
1864
1864
do
do sterling
1869
War Ix>an,sterling
1858 to’61
Troy A Greeulield Railroad loan, sterling
4864 to’63
do
do
home
1871
do
do
sterling
1875
do
do
sterling
do
do
dollar bond* 1873 to ’74
1875
do
do
do
1860
Southern Vermont Railroad Loan
Boston, Hartford & Erie Railroad, sterling... 1868 to ’69
1874 &’7<>
Harbor Land Improvement (5-20s)
1874 & ’77
Danvers Lunatic Hospital
1875-’76
Lunatic Hospital, Worcester
1875
New State Prisons, sterling
1863
Michigan—Two Million Loan
1865
War Bounty Bonds
1873
Minnesota—State Building loan, coupon
1878
Temporary seed grain loan
1858
Railroad Bonds mot recognized iu full;
1882
Adjustment bonds, (10-30, redeemable, 1892.
1865 to *66
Missouri—State bonds, proper
1868
Consolidated bonds
1872
.University and Lunatic Asylum bonds
1874
State Bank stock refunding
1854 to ’58
Bonds to North Missouri Railroad
1857 to ’59
Bonds to Cairo A Fulton Railroad
1859 to’60
Bonds to Platte County Railroad
1854 to ’59
Bonds to Iron Mountain Railroad
1853 to’59
Pacific Railroad of Missouri
1874
Funding bonds
Renewal bonds, coup., 5-20s, (act Mali. 29, ’7i) 1875-6-7
1857 to’75
Hannibal A St. Joseph Railroad
1874
do
do
renewal
1877
Nebi'aska—Bonds (act Feb. 14,1877) coupon...
1864
New? Hampshire—War loan, coupon bonds
1872
Municipal war loan
1879
Loan of 1879 lor refunding
1879
Prison loan
1861
New? Jersey — War loan bonds, tax free
1863
War loan bonds, tax free
1864
do
do
taxable
,
-
2,330,000
2,826,900
257,000
1,875,555
2,310.000
309,485
31,069
269,000
528,355
298,435
62,605
3,326,750
...
100 &c.
.....
1,000
1,000
500 &c.
£100 Ac
£200
£200 &o
500 &c.
200 &c.
£.500
1,000
1,000
5,000
225,000
465,000
1,056,304
500,000
888,000
200,000
4,379,500
4,000,744
999,944
5,506,952
1,366,500
3,598,540
1,497,980
670,000
1,300,000
1,000
1,000
1,000
200,000
3,599,024
300,000
1,500,000
1,100,000
£500
1,292,260
1,000
1,000
1,000
1,000
1,000
1,000
1,000
590,000
299,000
£200
175,000
115,000
2,275,000
4,000,000
435,000
1,000
2,711,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
401,000
104,000
1,688,000
26*5,000
503,000
100&e.
1,360,000
2,946,000
1,000,000
1,270,000
1,500,000
1,499,000
449,267
600,000
2,206,100
1,000
400,000
1.009
1,009
500 Ac.
112,000
100 Ac
300,000
902,900
593,400
100 Ac
100 &c.
Lduisiana.- The Constitutional amendment parsed December, 1879.
provides for a now bond in place of consols of 1874, bearing 2 per cent
lor 5 years, 3 per cent for 15 yearn and 4 per cent afterwards, on whi. h
basis the interest charge ner year for oonsols is $235,512. To April,
1882, the 2 per cents issued were $237,300, 4 per cents, $180,150 : and
3per cents
"(baby bonds), $l,3i 7,105.
Iu June, 1882, a const itutioial
amendment passed the Legislature, to be submitted to vote in Novem¬
ber, giviug new bonds at 2 per cent for fivo years from Jan., 1880, and
4 per cent thereafter.
See V. 35, p. 50. The assessed value of property
for 1880 was $149,835,805, and tax is limited to 8 mills. The interest
tax alone was 5*2 mills before the constitutional amendment, and bond¬
trying to enforce its collection by suit; in December, 1880,
granted agaiust the State Treasurer to prevent his
diverting the interest funds. There is considerable overdue interest of
the years 1874 to 1880 inclusive. A suit is pendiug by the State of New
-Hampshire against Louisiana ou her bonds. Taxable valuation for 1881
about $176,000,000.
(V. 32. p. 468; V. 33, p. *23, 743; V. 34, p. 115,
147, 4G0, 574 ; V. 35, p. 50, 71.K
holders
an
6
6
8
6
8
G
8
Amount
0099781 .8778811
Maryland—Baltimore A Ohio Railroad, sterling
Chesapeake A Ohio Canal, sterling
Rate.
of th se
V»*t fund-
1,000
1,000
1,000
1,000
Principal—When
Amount
are
iu junction was
Where payable and by
whom.
When
Payable
due.
$15,000
119,000
A J.
Various
Various
J.
July, 1893
1872 to 1998
1888
;
M. A N.
May 1, lf*07
Maroh 1, 1875
Amounts not
M. A 8.
1886 A ’«8
J. A J.
fundable.
Jan. 1, 1890
J. & J.
80.000
per report of”
Jan. 1, 1878.
1899
7*30 M. A 8.
260,000
1897
Various
6
48,000
J. A J.
8
70,000
July 1,1910
8
A. A O. 2,5(H),000
April, 1911
875,000
8
N. Y.. Bank of N. Y.
7
.1. A ,T.
Jan!,* *1914
1886 & 1914
New Orleans.
4,3 J. A J.
March 1, 1«83
M. A 8.
6
Boston, Suffolk Bank.
do
do
June 1, 1889
6
J. & D.
Oct.. 1, 1889
6
A. <fc O.
Augusta and Boston.
4
F. A A.
Boston, Suffolk Bank.
$50,000 per year.
188.1
5 g. J. A J.
Loudou, Baring Bros.
do
do
1889
5 g. J. A J.
1890
5 *
Q.-J. Balt, Farm. A Merch. Bk.
1890
do
do
5
A. A O.
1890
do
do
3
Quart’y
1885
do
do
6
r. A J.
1890
do
do
6
Q.—J.
1890
do
do
A. & O.
6
1883
do
do
6
J. & J.
do
1885 A ’89
do
6
J. <fe J.
do
do
1887 & 1891
6
J. & J.
1887
do
do
6
1888 to 1893
*
do
do
6
J. & J.
5 g- J. & J.
July 1, 1883
Boston, Treasury.
do
do
5 g. J. & J.
July 1, 1883
do
do
5 g." M. &N.
May 1, 1894
5 g. M. A N.
May 1, 1894
London, Baring Bros.
do
do
>
5 g. J. & J.
July 1, 1889
do
do
Oct., 1888 to ’90
5 g. A. & O.
Boston Treasury.
5 g. A. & O.
April, 1891 & ’93
5 g. J. & J.
London, Baring Bros.
July, 1891
Jan. 1, 1895
do
do
5 g. J. A J.
1893 A ’94
Boston , Treasury.
5 g- J. & J.
do
do
5 g. J. A J.
July i, 1895
do
do
5 g. A. A O.
April 1,1890
Juiv 1,1900
5 g- J. A J.
London, Baring Bros.
Sept. 1, 1896
5 g. J. A J.
Bofltou, Treasury.
Boston , Treasury.
5 g. Various
do
do
5 g. Various
Jan. 1, 1895
5 g. J. & J.
London, McCalmonts.
Jan. 1, 1883
6
J. & J. N. Y., Am. Exchange Bank.
do
do
7
M. A N.
May, 1890
8t Paul, Treasury.
7
J. & J.
July 1. 1883
do
do
Optional.
6
J. & J.
Dec., 1887
7
J. A I).
.
2,
.
,
.
1912
1883
& J. N. Y., Bank of Commerce.
1888
do
do
& J.
do
do
& J.
July, ,1892
do
do
April 1, 1894
& J.
do
1882 to’88
do
A J.
1882 to ’89
do
do
A J.
do
1889 to’90
do
& J.
do
1882 to ’89
do
& J.
1688 to ’89
do
do
A J.
do
do
July, 1894 & ’95
& J.
do
1895-8-7
do
& J.
1887 to *95
do
do
A J.
do
1894-o-6
do
& J.
State Treasury.
A O.
April 1, 1897
Concord or Boston.
Sept., 1884 &’89
A 8.
do
do
Jan., ’92 to 1905
& J.
& J Boet.,Nat.Bk.Commonw’lth July 1, ’89-’90-’91
do
do
July, 1882 to ’91
A J.
Jan., 1881 to ’84
& J.
Jersey City.
do
Jan., 1886 to ’96
A J.
do
Jan.,’97 to 1902
J.,& J,
4%>
J.
6
6
6
6
6
6
6
6
6
6
6
6
6
8
6
6
5
5
6
6
6
A J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
T.
J.
A.
M.
J.
J.
J.
J.
J.
'
Michigan.—The debt is practically extinguished, as the sinking fund
sufficient assets to meet the debt. Equalized valuation of real and.
personal pi*operty, 1881, about $810,000,000, and tax rate for State pur¬
poses I 4-10 mills on the $1.
Minnesota.—All the old State bonds are held by the permanent school
fund. Minnesota refuse,d to recognize the “State Railroad Bonds” of
1858, to the amount of $2,275,000. A proposod 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 Rnte
1878
$46,175,304
2*a
$183,615,738
1'•9,246,698
53,525,017
1 5%
;
203,473,637
54,581,906
1-6%
Tax for all purposes in counties averages 17*4 mills.
(V, 32, p. 40, 183,
265, 368; V. 33, p. 74, 125, 282, 294, 304, 329, 404, 433, 469, 502, 588,
has
687, 744; V. 34, p. 32, 8(3, 316.)
Missouri.—The valuation of real and personal property in 1881 was
$601,722,882, of which $406,104,426 was real, $1(13,265,359 personal
fund $1,436,367.
and $32,353,097 railroads and bridges. The tax rate is 40c. per $100.
1881-82, 4*a mills.
Bonds maturing are met by sinking fund. The Hannibal & St. Joseph
RR. paid the State
the State
Maryland.—The State has largely assisted canals and railroads, and January 1, 1882, to $3,000,000 for" its .debt, but $3,i 00,000 refused on
pay the coupons on its own
of bonds.
holds $3,875,325 of stocks ana bonds ranked as productive; the State
(V. 32, p. 6S5; V
also holds $20,112,298 in unproductive securities, which includes Litigation between the State and company ensued.
$16,358,230 Chesapeake A Ohio Canal interest. Assessed valuation 33, p. 6fc7.)
and tax rate have been :
Nebraska.—The State school fnnd holds $326,267. There are also $50,Real and
Tax Rate,
000 10 percent “ Grasshopper” bonds due 1885, interest paid January
Years.
Personal.
per $100.
and July. Assessed valuation (33*3 per cent of true value) and tax rate
1877
$478,468,028
17^c per $1,000 have been:
bJ
$5,801,900. The sinking
Tax rate for 1880, 5 mills on valuation of 1870,
Maine—The debt Jauuary 1, 1882, was
464,425,790
18%c’
466,637,502
18
459,187,408
183*o‘
1881
461,459,939
18 W
Massachusetts.—The funded debt, January 1, 1882, was $32,399,464.
The sinking funds were $14,080,465. The Hoosac tunnel and connections
cost the State heavily.
Assessed valuation, tax rate, &c., have been:
Real
Personal
Tax per
Total
Sinking
Yearn.
Estate.
Debt.
Property. $1,000.
Funds.
Person
1878
$1,191,583,169 $822,289,966 $12 84 $33,550,464 $13,635,490
1,118,557,164 761,266,574 12 54 33,219,404 13,448.194
1,090,749,235 742.533.998 12 78 33,020,464 12,235,248
1,111,160,072 816,695,358 15 35 32,799,464 13,050,092
1,149,965,827 883,886,538
....
32,399,464 14,080,465
The loan to Boston Hartford & Erie Railroad was secured by
“Berdall” mortgage bonds, afterwaids exchanged for N. Y. A N. E. RR.
stock, and had a ainkingjfund of $1,283,226 January 1,1882
Real Estate.
New?
Railroad, &c.
$40,589,285
37,975,987
39,263,823
38,378,409
58,850,147
Years.
$33,589,360
33,335,591
35,125,713
36,981,389
36,649,471
Hampshire.—The debt of Now Hampshire was
Tax Rate.
$7
6
6
6
4
35
37^
37^
371*
00
created for war
issued to cities and towns,
debts. Total valuation in 1879
(latest made), $206,959,017. Tax rate, $2 per $1,000.
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, agmnst
$518,617,518 in 1880. $508,892,338 in 1879 and $531,851,849 in 1878
purposes. The Munioipal loan of 1872
the proceeds to he applied to their war
State school tax,
2 mills.
c
was
STATE
1882.J
Augl'bt,
Subscribers
Date of
Size
Bonds.
INTEREST.
Amount
or
outstanding.
par
1*75
1 872
1873
J 873
1*74
1879
New York—
Under Art,. 7, Bee. 3, of Con¬
stitution, and Art..7, Bee. 12.
$ 173,000
y Z r: C
1.502,900
lA^
038,200
4,302,600
tiyfr'X. •/.
118877909-.0.
87 1
bonds tax-rccelvabie
Horth Carolina—Funding
Old bonds not funded
Special tax bonds
Ohio—Registered loan of 1881
Registered loan, pay able alter Dee., 1KH6
Pennsylvania—Hug. bonds, tax fr., (red’blo *92).
Registered bonds, tax free, lb-25 years
Coupon loan (except $53,000 leg.), April 2
April 2
February, 1882 (registered)
do
in ten series
Agricultural College land scrip
Island—Wav bonds
2.598,550
3.907,..00
2,79-5,000
ate
1,000
and W.AT.)
Registered oerlilleules ot literary tuiul
Peuitentiary bonds, act Aug. 24, 1808
Rhode.
2.000,1 WlO
500
......
Bonds to North Carolina Railroad
KK. bonds, not fundable (Chatham
do
Loon of
do
S;
$50 Ac
-
War bonds
do
do
South Carolina—$ tat© House stock and bonds .
Funding bonds and stock
Blue Ridge Railroad bonds
Funding bills receivable.
Payment of interest
Funding bank bills
Conversion bonds and stock
Consol, bonds and stock (iirown)
Tennessec— Funding bonds, aet of 1878
Bonds regist’d, aot of 1878,($292,300 arc 5s).
Held by E.T. University (not to be funded)...
Compromise bonds (aot of May 20, 1882)
Texas—FundingState debt (act May 2, 1871)..
Frontier clef’se.gold.aot Aug.5,’70(red,ble ’91)
Revenue deficiency bonds, aet Dec. 2,1871..
Bonds, act Mar..1874 (for paying tloat’gdebt)
Redemption of debt, aot Aug. 0, '70
Bonds, act April 21, 1879
Bouds to State University and School Fund..
1,090
;
1807
1808
1,1.-0,000
383,045
....
1,000
1881
100 JlC.
1850
lOO Are.
1O0 Ac.
100 AC.
1877
1879
1852
1852
1882
188 2
1872
1802
1803
1803
1804
1853 to ’51
1866
1854
1808
1803
1808
1809
1374
1874
1,000
1,000
395,000
87,000
6,700.000
2,500,000
50 Ac.
50 Ac.
500,000
550.000
200,000
....
i ,uoo
1 ,< >00
1,000
1,000
1,000
50, &c
1,000
1,000
1,000
031,000
1,000
112,000
35,7(0
97,000
19,000
12*,000
85,000
92,200
3,165,832
4,880,000
1,000
14,929,300
1.000
397,000
500 Ac.
Various.
590, Ac.
0)
1,000
1,000
1882
499,000
467,000
730,000
1,647,000
1,075,200
210,641
1872
1871
1874
1870
1879
15,239,370
8,171,600
.
340,000
....
New York.—The financial condition of the State has been fortified by
the payment of all debt except the canal debt, as above. The sinking
funds on Sept. 30, 1881, amounted to $2,-128,981. The new Capitol
building hits eostthe State thus far $ l !l,000,000, but this has been paid
for by taxation.
Valuations and tax rate for State purposes have been:
Real Estate.
State Tax.
$364,900,110
2»i0
352,409,320
2*3j1000
2,315,400,520
322,408,712
3*2
2,340,335,090
1879
Personal.
$2,373,418,490
2,333,609,813
310,921,910
2*4
1880
1881
—(V. 32, p. 70.)
Noi'lh Carolina— Interest Is paid on bonds issued to No Carolina RR.
($2,795,000),
as
(i
the State holds $3,009,200 stock and receives dividends
thereon. The funding law of Mar. 4,1879, provided for funding old antewar bonds at 40 per oent of the taw value ; “ New ” railroad bonds recog¬
nized as valid at 25 per cent; funding bonus of 1860 and 1868 at 15 pt r
cent. Nothing for overdue coupons. Coupons of the now bonds are re¬
ceivable for taxea.The funding ended Jan. 1, 1882, and at that time a
large amount of the fundable bouds had not oomo in. See V. 34, p.
378.
If all vere funded the new 4 per cents would be $3,900,000.
•
.
g.
g.
g.
g-
6
3 to 5
3 to 5
Years.
187,--79...
1893
Jan.
1, 1883
July 1, 1891
1, 1892
Oct.
Y., Nat. Bk. of Republic.
do
do
do
•
Harrisburg Treasury.
Providence, R. 1. II. A T. Co.
....
6
3,030,088
1,302,851
13,474,800
.
do
Oct.,
July, 1887
'
0
7
7
7
6
5
5
G
0
5
6
6
3202167
Bonds issued to Sokool Fund
1851 to ’GO 500 Ac.
Virmnia— Old bonds. *3 fundable
£100 Ac
1851
Old Douds, sterling, not required to bo funded
1871
100, Ac.
Consol.) Aet Mai. 71) coup, tax receivable
1871
do
do
reg., conv. into ooup...
100,Ac.
1872
do
(Act 1872) “ Penler,” cp. not ree’ble
100,Ac.
1871
Various
Deferred certificates (W. Va.)
1879
New funding l>oiids, 10-40s, ($449,300 reg.)..
do
do
1879
sterling
do
do
do
do
Oct., 1898
895,147
100 Ac
do
do
do
6
2,394,305
1,000
1,000
Y., Manhattan Co. Bank.
6
•
3, 4, 5, 0
67,000
1872
a j. N.
A J.
A J.
A J.
A. A O.
f. A .1. tf.
Various
Various
J.
.1.
.f.
Due.
1909
18G* to '93
1883 to '85
1868 to ’98
Indefinite.
•
6
6
6
6
6
c g.
0 g.
6 g6 g.
g g.
G g.
G
0
SAG
6
738,000
500,Ac.
500,Ac.
Whom.
J. A J.
lial el gh, Treasury.
A. A O.
New. York.
4. A O.
6
do
4
.1. & J. V. Y., American Ex oh. B'k.
J. A J.
do
do
0
t\ A A. Phila., Farm. A Meoh. B’k.
5
4
F. A A.
do
do
5 g. J. A J.
do
do
do
do
4*jg. J. A J.
A 4 F. A A.
do
do
do
do
3*2 A 4 F. A A.
44,000
11,306,000
2,M) 1,0<5
2.400,000
8,000,000
2,000,000
1 ,iH«l
g.
Where Payable and Iiy
Payable
o g.
g.
g.
g.
0
0
0
6
4
0
0
6
Principal—When
When
Rate.
Value.
explanations sec note* ou first parent in bier.
Canal debt,
VU
will confer a great favor by {giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For
SECURITIES.
M. A »S
A. A 0.
do
do
J. A J.
do
do
do
do
F. A A.
J. A J. Columbia, State Treasury.
J. A J. Columbia and New York.
J. A J.
Columbia, Treasury.
A. A O. Columbia ami New York.
A. A O.
do
do
J. A J.
do
do
do
do
J. A J.
J. A J. •N. Y., National Park Bank.
J. A J.
Nashville, Treasurer.J. A J.
do
do
do
do
J. A J.
I. A J.
New York or Nashville.
State Treasury.
Various
M. A S. New York, Bank or N, Y.
J. & J.
do
do
do
do
J. & J.
J. A J. New York A State Treasury.
J. A D.
do
do
.
J.
J.
J.
J.
A
A
A
A
J.
J.
J.
J.
N. Y., Winslow, L. A Co.
London, Baring B. A Co.
Richmond, Treasury.
do
do
J. A J.
I.
r.
J.
189X to ’99
At will, 1882-’88
Jan., 18H7
Feb. 1, 1902
Aug. 1, 1904
July, 1882
July. 1882
Feb. 1. 1912
Aug. 1, ’83 to '92
1922
Sept. 1,
April 1,
July 1,
Aug. 1,
1882
1883
1893
1894
1871 A ’8L
July 1,1887 to’97
July 1,1875 to’79
July 1, 1888
July 1, 1888
July 1, 1889
July 1, 1882
July 1,1893
July 1, 1914
1875 to 1900
Various.
Jan. 1, 1912
1891
1911
1892
March 1.1904
July, 1906
1909
1886 to’95
1886
1905
1905
Contingent
19)9
1919
A J.
a j.
A J.
Real Estate.
Personalty.
Railroads.
$85,033,873
$10,083,341
76,583,800
77,609,006
30,574,858
41,785,708
$0,520,772
7,392,900
13,767,400
Tax Rato.
2\
4*
5
—(V.33, p. 12, 589.)
Tennessee.—Tho funding law giving now bonds at 3 per cent with taxreceivable coupons for the full face of old bonds and interest went to
the St de Supremo Court on appeal, and on February 10, .1882, the
Court held the law unconstitutional. A now funding law was passed
(act of May 20. 1882-without the tax-receivable coupon clause, and
giving new bonds at 00 per cent of the principal and interest of old,
the new bearing 3 per cent in 1882-83, 4 per cent in 1884 and 1885,5
per cent in 1886 and 1887, and 6 per cent 1888 to 1912. Exchanges
were
made in New York July, 1882.
The bends fail due in 1912, but
may be redeemed after Jan. 1, 1887. Assessed valuatiousand tax rate
per $1,000 have been as follows:
Railroads.
Tax Rate.
Real Estate.
Years.
Personalty.
1877.... $212,589,045
$24,319,803
1878....
20.871.338
202,340,815
1
1879....
16,952,036
190,105,644
1
..0381
195,635,100
16,375.894
16.133.338
Special tax bouds are ignored, and also bonds to Chatham RR. 1808,
(V. 32, p. 62, 253, 387, 579; V. 33. p. 66, 642; V. 34, p. 178, 205, 231,
ary under aots of 1808. Assessed valuation of real estate is about GO 252, 428, 401, 522, 590; V. 35, p. 183.)
Texas—The,old high-rate bonds have been redeemed and low-interest
per cent of true value. Valuations and tax rate per $100 have been
bonds issued. Assessed valuations and rate of tax per $1,000 have been:
Years.
Real Estate.
Personalty.
TotalValuation.Taxpr. $100 Years.
Real Estate.
Personalty.
Total Val'tion. Tax Rate.
®i
SI,030,000, and to Williamston & Tarb. RR., $150,000, and for Peniten1877
1878
1879
$92,158,215
91,079,834
$54,212,243
51,228,208
$140,370,493
142,308,102
157,907,481
.
38
38
—(V. 32, p. 115; V. 33, p. 528, 500, 642, 744; V. 34, p. 378, 550; V. 35,
p. 22, 132.)
Ohio— Ohio has
a
very
small State debt, but large local debts, amount¬
ing in 1881 to $44,114,100, against $25,957,588 in 1875, this increase
-being mainly in Cincinnati debt. Valuations in Ohio have been as follows;
Real estate.
Personalty. I
Real estate.
I860.. $039,894,314 $248,408,290 | 1879.$1,093,708,904
I860.. 003,047,542 442.561,379 11880. 1,102,049,931
1878. 1,091,110,952 401,400,552 j 1881. 1,101,457,383
State tax rate, 2»io mills.
Personalty.
$442,979,885
450,100,034
435,750,196
Pennsyh>ania.—Sinking fund, $0,625,753. Reveuue is raised prin¬
cipally from corporations. Taxes are levied on personal property. The
State holds $1,754,331 in stocks and $7,900,000 of railroad bonds. Any
coupon bonds may be changed to registered. (V. 33, p.623; V. 34, p.
20.)
Rhode Island—The debt was all created for war purposes. In Jan.,
1382, the net debt, less sinking fund, was $1,444,808. The State valua¬
tion ot real property m 1876 (the latest made) was $243,058,190,
and personal, $84,872,309; tax rate, 12 cents on $100.
South Carolina—The funding law of Dec. 23,1873, provided for scal¬
were again “readjusted”
in 1879. The several aots were passed Deo. 3,1873. Dec. 21,1878,
Dec. 24, 1879, and February, 1880. In November, 1881, the consols
stood at $5,336,104, which amount was made up as follows: Brown
oonsols actually issued, $3,165,832; green consols not yet exchanged,
ing down the old debt 50 per cent. The consols
$2,885,203, less amount invalid, $714,932; balance, $2.170,274: total.
$6,836,104. Tho old issues yet fundable stood as above. Valuations
.and rate of tax per $1,000 have been:
$174,324,176
212,698,432
187,722,374
180,297,495
24
$83,307,833
$257,632,009
100,237,273
318,935,705
115,480,050
" 114,227,912
303,202,424
300,525,407
357,000,000
18*1
$5
5
5
5
—(V. 34, p. 329.)
Virginia.—The accumulated arrearages of interest on the debt proper,
October 1, 1881, were $3,565,331. The law of March 28. 1879. for
refunding the debt, was given inCHRONiCLK, Vol. 28, p. 353. The new
bouds are 10-40 year bonds, and bear 3 per cent for 10 years, 4 per oent
for 20 years, and 5 per cent for 10 years, coupons tax-receivable.
The total interest on all the acknowledged debt is $1,523,516 per year,
of which $1,117,724 is in
tax-receivable coupons, leaving only
$105,791 payable in cash.
In January, 1882, a law was passed
prohibiting the receiving of coupons in payment of taxes (since
decided to be unconstitutional), and in February the Riddleber*.er law
for readjusting the debt (sec V. 34. p. 88). The circular of Messrs.
Maury A Co., Richmond,classified the bonds under this bill to be
refunded in new 3 per cent bonds as follows:
Consols
$14,369,974, allowed 53 per cent
60
Ten-forties
8,517,600,
69
Peelers
2,394,305,
1,072,545,
do
coupons
Unfunded 6s
3,773,493,
Literary fund
1,428.245,
do
coupons
Assiissed values in 1880 were:
379,270,
80
69
63
cash.
real estate, $234,272,951: personal,
$70,391,018. The receipts of tho State Treasury in 1880-81 were
$2,632,315, and current expenses, $2,152,028, leaving $480,317 baF
anc >.
Tax rate. 5 mills. The U. S. Supreme Court in January, 1881,
held the coupons of consol, bonds not taxable by the State.
(V 32, p.
123 ; V. 33, p. 562 ; V. 34, p. 88, 179, 379, 489, 541, 715; V. 35, p. 52,
79, 104.)
*
CITY
yin
Subscribers will confer
SECURITIES.
[Vol. XXXV/
great favor by giving immediate notice of any error discovered in these Tables.
a
*
DESCRIPTION.
For explanations see notes on first page
Date of
bonds.
of tables,
Albany, N. T.—Purchase Congress Hall Block..
City improvement
Washington Park ($40,000 are 5s, due 1920)
.
New Post Office site
High School
Water debt ($400,000 due 1900-3, are 7s)
Western Avenue improvement bonds
Bonds loaned to Albany & Susquehanna RR..
Atlanta, Qa.—Bonds for streets,&c
Bonds. A. L. Railroad for and State House
Bonds for West. RR. and floatiug debt
Bonds, 1st and 2d series, waterworks.
Redemption bonds
do
do
•
Augusta, Qa.—Bonds for various
Baltimore—Consolidated loan of
Size oi
par
value.
purposes
1890
Water loan, reg. stock, red. at will after 1916
Funding loan, reg. stock, tax free
Consolidated bounty loan
Exempt bounty loan
Public parks (Druid Hill)
1806
outstanding
$1,000
1870-’71
1870-*81
1874
1875
1874-’77
1877
500 Ao.
1,000
1,000
250 &c
100 &c
100 &c
100 &0,
100 (fee
100 &c
100 (fee
100 <fec
100 &c
100 &c
100 <fec
100 <fec
100 &c
100 (fee.
100 &c.
100 Ac.
100 &o.
100 &o
Park
improvement loan
Five million loan to Baltimore <fc Ohio RR...
One million loan to Pittsb. & Connellsville RR
New City Hall
do
do
do
do
Consolidated loan
Paving loan....
Funding loan
Western Maryland Railroad
Jones’ Falls ($780,000 are 5s)
Valley Railroad
Water loan ($263,000 only are 6s)
Harford Run improvement loan
Endorsements for Western Maryland RR
do
do
1,000,000
2,211,068
410,353
555,566
185,723
5,000,000
1,000,000
1,000,600
1,000,000
100 &e.
100
Bangor & Piscataquis Railroad
Bath,Me.—Fund, debt ($24,500 are 6s, ’87, J.&J.
1858 to ’72
1874
1875
1869
1869
1,000
500 (fee.
1,000
do
Burnt district, sterling loan
1873
£100&c
Consolidated street improvem’t, sterling loan.
1869
£100 (fee
Mystic water debt, assumed
1862 to ’76
1,000
do
do
do
do
do
do
do
do
do
do
do
do
1878
1872
1875-’76
Sterling
5 per cent
4^
do
4
gold
do
£100 &e
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
Albany.—The loan to Alb
Various
V arious
Various
Various
A. & O.
A. & 0.
Various
Various
Balto., N. Mechanics’Bank.
Balto., Farm. & Plan. Bank.
do
Various
do
do
do
1891 & 1902
Boston, Treasurer’s Office.
do
do
do
do
do
do
do
do
do
do
do
6
7
7
7
,
1882 to ’87
1882 to ’97
1887-1901
Apr., 1890 & 1900
Oct.. 1889
ao
'
do
do
Boston, Treasurer’s Office.
•
4*2g.
A.
A.
Mi
I.
I.
I.
r.
r.
i.
r.
r.
r.
•
•
&
&
&
&
&
&
&
&
&
&
&
&
•
O.
O.
N.
J.
J.
J.
j.
j.
j.
j.
j
j.
* r.
u r.
J.
J.
1887
Various.
1883 to 1891
April. 1893
do
do
do
do
do
July, 1899
1882 to ’94
1897 to 1908.
do
1907-1908
1908
Oct., 1902
1905-1908
do
.
London, Baring Brothers
Boston, Treasurer’s Office.
do
do
do
do
1909
1909-1910
Brooklyn.
do
1891
1887
1885 to ’90
1882 to 90
1882 to’90
1882 to ’90
1882 to ’86
1882 to ’95
1882 to ’90
S3
c£
do
CO
co
do
do
do
do
do
do
ft
p
cs c
_
o
do
& j.
& j.
& J.
& J.
-
1899-1924
do
5, 6 & 7 ’J. & J.
7
After 1885
After Nov.l, 1920
London,. Baring Brothers.
A. & O.
A. & O.
4 g.
7
.
July 1, 1884
April 15, 1900
March 7, 1902
Various
Various
Various
6
5
4
5 g.
5 g.
7
6
6
do
do
do
do
A. & O.
J. & J.
I*
6 & 7
7
7
Sept. 1, 1890
Jail. 1, 1895
Jau. 1, 1890
Jan. 1, 1806
do
July 1, 1900
Jau. 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..5City Reg’ter’s Office. After Jan.
1, 1920
J. & J. Balto., N.Mechanics’ Bank. Jan. 1 ’90 & 1900
J. & J. Baltimore, Franklin Bank.
Jan. 1, 1895
Various Boston, Merchants’ N. B’k.
1882 to’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. & S
City Treasury.
1887 & 1898
Various Boston, Second Nat. Bank.
’83, '85 & ’98
A. & O. City Treasury and Boston.
April 1, 1891
J. & J.
do
do
July 1,1882 to’99
7
7
140,000
150,000
177,000
260,000
207,000
314,000
3,000,000
7,432,000
8,019,000
1,217,000
8,228,500
1,439,500
Mechanics’ Bk.
City Register’s Office.
Q.-J. Balto., Farm.&Plan. Bank.
J. & J. Balto., N. Mechanics’ Bank.
5
7
5 g.
90,000
After
M. & N.
4*2
552.000
& J.
Q.—J.
Q.—J.
Q.—J.
Q.—J.
4*2g.
362,000
213,000
July 1,1890
July 1, 1916
July, 1916
Sept. 1, 1893
Sept. 1, 1893
do
do
do
Q.—J. Balto., Farm. & Plan. Bank.
J.
6
5&
do
do
do
do
Q.—J.
6
6
6
5 g.
6
4
4 g.
13,000
588,000
1,947,274
3,552,000
268,000
1879-’80
1861
Mount Prospect Square loan
1857
Soldiers’ aid fund loan
1865
Gowanus canal improvement loan, local
1866
Bushwick avenue
do
do
do
1865
do
SouthSeventh st.
do
do
1866
Union street improvement loan, local
1867
Fourth avenue ■
do
do
do
1862 & ’67
Wallabout Bay
do
do
1867
New York Bridge loan, registered and coupon
1870
Bonds for N. Y. & Brooklyn Bridge, cp. or reg.
1876-’79
Prospect Park loan, registered and coupon
1860 to ’73
Prospect Park loan
1860 to ’72
Permanent water loan
1857 to’72
do
do
1872 to’75
193,000
425,000
417,500
420,600
1,127,000
4,901,000
1879
jjyoo.viyii—Brooklyn local improvement loan...
925,000
102,500
3,205 934
1866 to ’76
1875 & ’78
5 per cent
4 per cent
500,000
Balto., Farm. & Plan. Bank.
Balto., Nat. Merchants’ Bk.
Q.—M. Balto., Nat.
6
6
6
6
6 & 7
5 <fe 6
2,740,000
11,145,500
2,359,000
1,795,000
450,000
490,000
328,000
257,000
4,997,604
1880
City debt and Roxbury and Charlestown
West Roxbury
121,000
100,000
1,000,000
1879
1877
Various.
Q.-J.
6
6
117,000
Due.
whom.
A Boston. Merchants’ Bank. Feb., 1885 to ’94
S
New York.
March, ’80 to 1900
N
do
1910-’21
N. Y., Merchants’ Nat. Bk
N
May l, 1904
N
do
do
May 1, 1881 to’85
A
do
do
Feb. 1, 1893-1912
A
do
do
Feb. 1,1883-4-5
N N. Y., Del.A IIutL Canal Co.
1895-’97
J Atlanta&N. Y., Am. Ex.N. Bk
1886 & 1892
J
do
do
J. A J., 1890
J.
do
do
J. & J., 1902
J.
do
do
Jan,1,1904
J.
do
do
Jau. 1, 1897
S.
do
do
Sept 1, 1885
J
do
do
July 1, 1911
Various
Augusta.
1882 to 1905
M. & N.
M.& N.
M. & S.
M. & S.
4
100 efec.
1,000
Various.
Railroad loan
Various.
Androscoggin Railroad.
1861
Various.
Knox & Lincoln Railroad ($23,750 each
Various.
year)
1869
do
do
(F.&A.aml M.&S)..
1871-’72 Various
Boston—Citypurposes. war debt, &c
1852 to ’64
1,000
City debt and Roxbury and Charlestown
1864 to ’80
1,000
registered
1878-’82
do
do
450,000
1,375,000
Water loan bonds, coup. (Act Feb. 22, 1875).
European & North American Railroad
do
500.000
1,029,061
45,000
800,000
1,000,000
1,580,000
1,015,300
4,000,000
Union Railroad
Bangor, Me— City debt proper
Municipal loan
do
do
6
5
5
6
6
6
6
6
6
6
6
6
5
4
6
6
5 & 6
6
5 &6
Principal—When
payable and by
F. &
M. &
M. &
M. &
M. &
F. &
F. &
M. &
J. &
J. &
J. &
J. &
J. &
M. A
J. &
6
7,306,546
5,000,000
Where
Payable>
7
448,000
990,000 4, 5, 6, 7
7
115,000
7
49,000
6 & 7
900,000
6
165,000
6
1,000.000
8
265,000
7
400,000
8
418,000
430,000
7
8
77,000
10
52,000
5
68,500
7
2,060,000
71 81
'
When
Rate.
$150,000
1,000
1,000
1,000
1,000
1,000
1,000
1865
1,000
’66-’G7-’72 500 &c.
1869-’70
1,000
1872 &'77 500 <fcc.
1874
1,000
1877
1875
1881
Various.
Various.
1877
1878
1863
1865
1860
1863
1853
1853
1868
1870
1874
1864
1881
1870
1872
1872
1873
1874
1880
INTEREST.
Amount
1905 to 1920
.1915 to’24
1915 to ’24
1882 to 1912
do
do
do
do
J
o
Municipal property, including water works, about $800,000
Popula¬
tion, 16,851 in 1880; 18,829 in 1870.
estate, $49,000
Bath, Me.—The city holds a first mortgage on the Androscoggin road
half of true value. City tax rate 1879, 2*84. Popu lation, 90,758 in
for the debt, and second and third mortgages on the Knox & Lincoln for1880; 69,422 in 1870.
of
Atlanta.—The total bonded debt Jan. 1.1882, was $2,196,500. Assess¬ j; its proportionin $895,000 out of a total of $2,395,000 bonds issued by
several cities
aid of the latter road. Tax valuation, 1880—real
estate,
ed value real of estate in 1881, $14,721,833; personal,
$7,474,258. $2,693,750; personal, $3,881,469; total, $6,575,219. Tax rate, $25
’opulation, 37,409 in 1880; 21,789 in 1870.
=
[’he valuation
Augusta.—Of this debt, $600,000
issued for railroads, and balance
Sinking fimds, Jan. 1, 1882,
$173,750. Taxable valuation in 1881: Real estate, $9,225,675; per¬
sonal, $5,681,833; tax rate, $1 58*3 per $100. Population in 1870,
15,389; in 1880, 21,891.
for canal
was
enlargement, water works, &c.
Baltimore.—The fiscal year of Baltimore ends now with December 31
le total of all sinking funds, December, 1881, was
$3,150,286. The
laltimore & Ohio Railroad pays interest on $5,000,000: Water loan
is
baid by income of water works, and Public Park by City Passenger Railray, and against a total debt of $36,381,351 the city has $20,121,594
>r©duetive assets (including the sinking funds),
leaving '$16,081,595,
gainst which are held $5,150,780 of unproductive assets; interest is
ised by taxation on $12,916,386 of debt. Population in
1870, 267,354,
1880, 332,313. Assessed valuation and tax rate have been:
rears.
L878
L879
L880
L881
i.882
Real
Estate.
179,958,592
183,580,023
187,387,000
185,197,157
187,240,000
jessed valuation is near
Personal
Property.
70,308,003
60,463,158
65,613,000
62,033,032
60,000,000
the full cash value.
Total
Valuation.
249,266,595
244,043,181
252,900,000
247,230,189
247,240,000
Rate of Tax
per $1,000.
19 00
15 00
13 70
13 70
13 70
1.878
1879
[880
1881
Real Estate.
$6,598,927
6,381,863
6.373,068
6,352,973
!
Boston.—The population of Boston in 1880 was 362,839; in
1870r
250,526, against 177,840 in 1860. The total funded debt April 30,
1882, was $40,163,312,and net debt, $24,261,661. The tax levy in 1882
is divided as follows: State, $825,480;
county, $291,200; city,’ $8,768,073. The rate on $1,000 on valuation of 1882 is as follows:
State,
$1 12 ; coimty, 29 cents; city, $13 69; total, $15 10, against $13 90 on
valuation of 1881. Assessed valuation on May 1 for five years have been :
Years.
187a
1879
1880
1881...
1882
Personalty.
$3,043,534
2,692,211
2,711.460
2,803,258
Tax rate.
21*33
22*50J
....
,
Real
Estate.
Personal
Estate.
$440,375,900
428,786,300
$190,070,966
184,545,700
201,858,600
210,165,997
204,785,000
437,230,600
455,388,600
467,705,100
Tax
Rate.
$12 80
12 50
15 20
13 90
15 10
Net Debt.
$26,159,777
26,229,666
27,842.104
26,005,620-
24,261,661
—(V. 32, p. 99; V. 33, p. 93.)
Brooklyn—The whole city debt was as follows on January 1.1882:
Permanent debt. $20,857,000:
water loan. $9,830,500; temporary
debt, $7,239,551; tax certificates, $4,270,000; total, $42,197,051; less
sinking fund, $4,022,629; net debt. $38,174,421. Tax rate 1880, $26 90.
Population in 1870, 396,099, against 566,663 in 1880. Valuation of
property and tax rate per $1,000 for five years ha ve been:
Years.
Bangor, Me—The loans to Eu. & No. Am. R. R. to Bangor& Pis. R. R.
re secured by first mortgages on those roads, and interest
mostly paid
I'roin the earnings. Valuations (near full value) and tax rate have been:
Tears.
j per $1,000.
!
Real.
Personal.
Rate.
$216,481,801
$13,111,215
14,968,911
$3172
218,373,093
27 OO
220,363,499
12 562,500
25 50
223,620,197
11,215,794
26 90
240,128,905
15,137,040
23 77
The debt of Kings Coimty, separate from the debt of
Brooklyn, is
about $4,000,000, of which the city is responsible for nineteentwentieths. (V. 33, p. 743.)
AUGUST,
CITY
1882-1
Snbacrfber* will confer a great
see notes on
Date of
Bonds.
Size
Basin loan
fund bonds, continuous, local...
do
do
S’th B’l
flewerage
Boulevard bonds
....
tax certificates
Buffalo, A. Y— Funded debt bonds
Temporary
Water works bonds
Tax loan bonds
1864
Cambridge, Mass.—City bonds
do
do
do
•
•
•
l,000Ac
l.OOOAo
l,OOOAo
1,000
1863
1856 to’76
1873-’74
1874-5
1866
1866 to ’77
City bonds
mitittATidlnff
$1,000
1,000
1,000
1,000
1,000
1,000
•
do
do
do
do
1,000
500 Ac.
500 Ac.
500 Ao.
1,000
500 Ac.
1865
1,000
1,000
1,000
1867 to’75
1869-71
i
Charleston, 8. C — City stock
1853 to ’54
City bonds, coupon
1866
Fire loan bonds, coupon
Conversion bonds, to redeem past-due debt...
•
•
•
do
•
•
•
•
-
»
•
•
-
•
*
•
•
*
•
•
•
•
Sinking fund bonds
>
a
m
m
m,
1,000
1,000
1,000
•
-
m
m
100 Ac.
•
•
do
notes
do
Water loan, coup
•
•
Funded debt, coup
•
m
m
1879
coup, or reg
Chelsea, Mass.—Funded debt, .coup
• #
m
•
-
•
•
•
$232,000
•
•
•
•
Water loan
Sewerage bonds
703,733
1880
do
:
Municipal bonds
....
1,000
'
1,000
....
500 Ac.
Municipal and Sebool bonds
18 8 i
Municipal bonds (refunding loan)
1865 to’80 500 Ao.
Cook County debt
1,000
Oineinnati- Loans to Railroads.F,A,G,H,IA M 1843 to’54
1855
1,000
Bonds to O.A M. RR. to purchase whf. prop.N
1868
1,000
Bonds for erection of a Workhouse
1868
C2&C3
1,000
Bonds for Common School purposes
P 1860 to ’61 1,000
1855
1,000
Bonds to O. & M. RR. to purchase whf. prop. .N
Bonds for ext. and impr. Water W. .C, D. & E 1847 to’50 500 Ac.
Bonds for funding floating debt
A2 1847 to ’48 500 Ac.
1,000
Bonds for new Hospital
SAS2 1867-’68
1853
1,000
Bonds for funding floating debt
L
1853
Extension and improve. Water Works.. .K AF
1,000
1858
1,000
Bonds to purchase Orp’n Asyl. grds. for park.O
1869
1,000
Bonds for sewerage
R
1869
Bonds for improving Gilbert avenue
1,000
U
1869
1,000
Bonds to build Eggleston avenue sewer....B3
1871
Bonds for improvement
1,000
W
Bonds for Water Work purposes
1,000
..C4AC5 1871-’72
1871
General improvement
1,000
,.W2
500 Ac.
1872
Cincinnati Southern RR
1872
do
do
1,000
3 876
500 Ac.
do
do
($3,200,000 are gold 6s)
1879
do
do
1,000
1874
1,000
Floating debt bonds, coupon
1875
Park improvement
1,000
1875
"Water-works bonds
D1
1,000
Bonds for McLean Ave. sewer
U2
1,000
1876
Hospital bonds
1876-’77
Street improvement bonds, short...
1880
Consol, s. f. bonds, 30-50 yrs. (Act Apl. 9, ’80.
1,000
100 Ac.
1881
Deficiency loan (redeemable after 1891)
Cleveland^- Water works ($200,000 are 6 p. ct.). 1872 to ’76
1869 to’81
Funded debt ($203,000 6s, $32,000 5s)
Lake View Park
1872 to ’80
1874 to ’79
Canal and canal lock ($11,000 are 6s)
1868 to *71
School ($100,000 are 6 p. ct.)
1868
House of Correction
Various.
Main sewers, special assessment
8treet improvem’ts do
Street damages, Ac., do
1876-77-78
Infirmary and River dredging...
\m£o. and J. & D.) 1873 to ’78 1,000
Viaduct ^mostly F. & A., A.
750,000
210,000
250,000
300,000
.
99,000
60,000
175,000
100,000
150,000
150,000
-
-
41q
-
F. A A
6
6
6
7
7
4*a
7
6
7
4
6 1
7 3-10
7 3-10
6
6
6
6
7 3-10
6
6
6
7 3-10
7 3-10
7 3-10
50,000
300,000
175,000
5 A 6
395,291
1,337,000
500,000
800,000
7
”5*
4
6 A 7
1,845,000 4, 5, 6, 7
7
318,250
'
6 A 7
6 A 7
7
275,000
250,000
184,000
416,500
462,500
710,000
5, 6 A 7
5, 6 A 7
5, 6 A 7
103,000
2,138,000
5, 6 A 7
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 have been:
1883
1882-3-4
1882 to 1925
1882 to 1925
.
do
do
do
July, 1882-’86
Boston, Bank Redemption.
April 1,1889
Jan. 1,1893
Boston, Tremont Bank.
Boston, Bank Redemption. Jan. 1,1882 to '96
do
do
Jan. 1, 1903-4-5
do
do
Apr.A Oct. l,’84-5
do
do
do
do
do
do
do
do
do
do
Charleston.
do
do
do
do
July 2,1886
July 1,1882 to’97
Aug. 1, 1883
Apl. 1,1887-1895
May, 1889-1891
>
1868 to ’98
1883 A ’98
1890
1888 to 1897
Jan. 1, 1909
1882
Boston, N. Bk. Redemption
do
do
1882 to 1895
Feb. 17, 1883
1882-1890
do
do
*
Boston, N. Bk. Redemption
Aug. 1,1887-’95
1905
1882 to ’98
J. A J. N. Y., Am. Ex. Nat. Bank.
do
do
J. A J.
July. 1. ’82 to ’95
do
1881 to ’95
do
J. A J.
do
do
J. A J.
July 1, 1900
do
1890 to ’95
do
J. A J.
do
do
J. A J.
July, 1895 A ’96
do
do
1885 to ’99
J. A J.
1901
do
do
M. A N. N. Y.f Metropolitan Bank.
May 1,1885-’92
1882 A ’84
Various N. Y., Am. Exohange Bank.
do
do
M. A N.
Nov., 1885
do
do
J. A D.
June, 1888
do
do
1888 A 1889
Various
do
do
J. A J.
Jan., 1890
do
do
M. A N.
Nov., 1890
do
do
A. A O.
April 1, 3 895
do
do
M. A N.
March, 1897
1897
do
do
Various
do
do
J. A J.
Jan., 1900
do
do
June A Oct., 1900
Various
Cincinnati.
M. A S.
March, 1908
M. A S. N. Y., Am. Exoh. Nat. Bk.
Sept., 1899
do
do
M. A S.
Sept., 1899
do
do
A. A O.
Oct., 1899
March 1,1886
do
do
M. A S.
do
do
F. A A.
Aug., 1886-’97
Deo. 1, 1891
do
do
J. (A D.
do
do
J. A J.
July 1, 1902
do
do
J. A J.
July 1, 1902
New York or London.
M. A N.
May 1, 1906
M. A N. N. Y., Am Exch. Nat. B’k. Nov. 1, 1908-’09
do
do
*
M. A N.
May 15, 1904
do
do
Jan. 1, 1896
J. A J.
do
do
F. A A.
Aug.,’85. ’90 A’95
do
do
M. A N.
May 1889-1909
do
do
May 1, 1906
M. A N.
1880 to’83
M. A N. N. Y., Am. Exch. Nat. Bk. After May 1, 1910
do
do
June l, 1901
J. A D.
1892-’93- ’95
Various N. Y., Am. Exch. Nat. Bk.
do
do
1883 to’96
Various
1882 to’92do
do
Various
do
do
1894 to ’96-’98
Various
do
do
1882 to'88
Various
do
1883 A ’84
do
A. A O.
do
do
1882 to’92
Various
1882 to ’84
do
do
Various
*882 to’86
do
do
Various
do
do
1881-’82-’83 to ’87
Various
do
do
1893 A 1907
Various
.
4ia to 7
50,000
Brooklyn
....
6 A 7
7
7
7
1,844,000
1,000,000
from date.
1882
....
100,000
7 3-10
136,000
7
450,000
7
600,000
7
576,000
7 3-10
8,362,000
4,981,000 6g. or 7*3
....
-
6
7
3 years
Bank,
do
•
J. A J.
A. A O.
J. A J.
A. A O.
Various
F. A A.
1882
paid at
Nassau
►
Buffalo and New York.
Various
5ia
397,500
146,500
do
do
do
do
—
O.
J.
J.
J
O.
J.
J
A.
O.
N.
A
A
A
A
A
A
A
A
A
A
Q.—J
6
6
7
7
4
195,000
750,000
A.
J.
J.
J.
A.
J.
J.
F.
A.
M.
Due.
1882
Brooklyn.)
(
3 years from date.
do
Coupons
J.
J.
J.
J.
J.
J.
....
5
5 ff.
6
6
6
6
6
6
6
6
3,625,000
2,133,000
490,000
2,608,000
186,000
2,536,500
843,500
4,941,500
A
A
A
A
A
A
3*2 to 7 Various
3^ to 7 Various
31? to 7 J. A J.
330,000
Bonds for Water Works
—
7
7
6 A 7
200,000
353,y00
500 Ac.
River improvement bonds
7
4, 5, 6, 7
100,000
150,000
1,597,000
689,000
514,000
100,000
774,000
55,000
485,000
162,000
92,450
160,500
138,200
500,000
3,372,900
110,000
992,000
100,000
106,000
o
1,000
....
J.
J.
J.
J.
J.
J.
7
500,Ac.
Chicago—Water loan
Payable
4, 5, 7
1,000
^
Principal—When
Where Payat lie and by
Whoi n.
When
Rate.
1,475,000
100,000
3,130,000
418,000
842,000
4,270,000
3,695,500
3,029,382
090624177881878811
Water loan
discovered Ip <hew Tables.
Amount
or
Value.
1868
1878-9-80
1876
1877-8-9
1870
1873
1879-80-81
1862 to’81
1868 to’81
1877-81
any error
INTEREST.
par
first page of tables
Brooklyn—( Continued J
Kent Avenue
IX
favor by giving Immediate notice of
DESCRIPTION.
For explanations
SECURITIES.
6
|
.
.
Equalized Value.
v
Tax
Real Estate.
Personal.
Rate.
$28,101,678
$
$89,031,955
90,099,045
29,052,906
Tax Rate
Years.
Real estate.
Personalty. per$1.000. The assessed value of real estate is about one-third of its true value,
$12 43 Population in 1870 was 298,977, and in 1880,503,185. The South Park,
$91,130*870
$8,844,705
1878
7,947,380
17 60 West Chicago Rack and Lincoln Park loans are not debts of the city,
80,929,165
but of distinct corporations.
Buffalo also pays 7-10 of Erie county debt. Coupon bonds are exchange
(V. 34, p. 574.)
Cincinnati.—In addition to the issues above named there remains
able for registered. The interest on different bonds is 3^, 4, 4^, 5, 6
several smaller amounts, as follows: $108,000 5s, November, 1884;
and 7 per cent. Population, 155,134 in 1880; 117,714 in 1870.
$56,000 (YY2, & O.) 6s, 1886-88; $17,000 Cs (Q.), November, 1890;
Cambridge, Mass.—The sinking funds amounted to $1,784,022, No¬
vember, 1881. The investments are nearly all in city bonds at par and $27,000 6s (A.), March, 1897; $50,000 (H2.). August, 1897. City holds
$950,000 of Cincinnati Southern bonds in sinking funds. In 1870 the
stamped “ not negotiable. Tax valuation, 1879, $49,238,098 ; in 1881,
real estate $39,124,300, personal $12,552,190; taxrate, $16 per$l,000. population was 216,239. against 255,139 in 1880. The following table
from tbe books of the Auditor of Hamilton County, Ohio, exhibits the
Total debt, November, 1881, $4,737,063. Population, 52,669 in 1880;
assessed valuation of the city of Cincinnati in the year 1860, and from
39,634 in 1870.
1870 to 1879:
Charleston, S. C.—The bonds of Charleston are mostly held within the
Real
Personal
Tax per
Total
State
of
South
Carolina.
exchange for city stock.
Years.
Conversion
bonds of 1879 are issued in
Assessed valuations and tax rate have been:
Rate of Tax
per $1,000.
Personal
Real
Estate.
Property.
$18,669,623
18,313,450
$7,922,155
/
8,108,706
18T9
Equalized Value.
Real Estate.
$116,082,533
104,420,053
91,152,229
_
Years.
1860
$22 50
22 50
17,137,255
20 00
6,272,458
15,017,595
25 00
6,555,864
15,182,845
7,244,212
2 2 50
—Population, 49,984 in 1880; 48,956 in 1870.
Chelsea, Mass—Sinking fund, January 1,1882. $182,082, and gross
debt, $1,661,800. Tax valuation, 1881, $15,761,537; tax rate, $19 00.
Population, 21,782 in 1880; 18,547 in 1870.
Chicago.—The net funded debt January 1, 1881, was $12,752,000.
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
Years.'
1877....
1878
Years.
■>
Personal.
$32,317,615
27,561,383
26,81?,806
1873...
Estate.
$61,620,904
79,736,482
123,427,888
119,621,856
121,479,280
123,231,790
125,976,835
127,143,900
129,043,880
1878
Estate.
$31,411,912
57,370,754
56,934,044
55,462,410
64,166,460
58,708,284
58,521,730
56,809,066
43,830,188
..........
Valuation.
$93,032,716
136,107,236
180,361,932
175,084,296
185,645,740
181,950,074
184,498,365
183,952,966
179,430,142
172.874.068
$1,000.
$17 45
31
22
20
23
23
28
27
29
28
26
60
20
10
06
38
82
04
10
54
37
169,305,635
161,404,398
The city is the sole owner of the stock of the Cincinnati Southern Rail
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.
In 1880
tax rate was $31 per $1,000, and in 1882 will be $22 50. (v. 32, p. 526.)
Tax
Cleveland.—The sewer, street improvements and street opening bonds
Rate.
$27 40 are for special local improvements, and redeemed by assessments on the
•roperty benefltted. Assessed valuation, tax rate, debt and sinking
28 60
38 60
131,272,619
1881
have been:
38,033,016
CITY
IV
>/
i
>
VI i»
g 1
SECURITIES.
:» .*.
:i
I
t
tf.’*
*1
»Ui*e
'*1
[Vol XXXV.
.a 11 v
«* •;*.n*
t N
.
DESCRIPTION.
bunds.
For explanations sec
fi rst pa ge of t-0 »!«*>•
no tea on
Des Moines, Tmm—Renewed judgment
Funding bonds
bond
—
r
value
2 875
1 87 8
1855 to 8 i
1859 to ’71
1872 to ’76
$ 1,000
1,000
Detroit,Mu h.—For Water W.Co., on city’s ored.i
Public Building stock fCli.v flail) lwmds
Public* newer ?k>i!<1k ($10,000 are Os)
Bonds for purchase Belle Isle
1879
1871 to’74
Elizabeth, N. J.— Improvement, bonds
Funded debt bonds
Bcliool House bonds
1 009
Market House bonds
$229,000'
arrearage bonds
1.000
1,000
1,000
1,000
1,000
1868
1809
33.500
1870
1870
1876
1876
1877
2 878
1881
241,000
250,000
1,000
1,000
1,000
1,000
do
do
do
do
Fall River, Mass.—^City notes
....
City bonds
do
....
....
do
do
do
Water loan...
do
do
do
•
•
•
1,000
Large.
1000Ac,
2,000
1,000
100,000
261,860
500,000
450,000
...
1,000
1,000
1,000
550.000
1,000
1,000
1,000
2,000
1 ,ooo
1,0-00
225,0<K)
City bonds (II. P. & F. RR )
125,i 00
$500 each)
.
^
«
...»
Capitol bonds
7873
1879-’S0
1803
Hartford town debts to railroads 10-25
war
floating debt
Holyoke, Mass.—'City notes
Ciiv bonds,sinking fund
1.000
1.000
Real and
Tax per
Personalty.
1,000.
$70,548,104
$15190
1,250,000
110,000
1,090
1,000
203,000
205,000
271 ,(KK)
250,000
1,000
226,500
600
1 55,0<>0
1,000
500,000
1,000
300.000
1,000
300,(KM)
300, (H>0
200,000
109,500
1.000
1,000
..
Hudson City bonds
Bergen school loan bonds
Bergen street improvement bonds
do
bounty loan
Greenville street improvement bonds, Ac
Assessment funding bonds
Revenue bonds, coupon or registered
Temporary loan
Bonds to fond floating debr. Ac.. coup, or rog.
Bonds to pay matur ing bonds, &e.
300,000
1 ,000.000
1,00 >
l.tOO
....
1871-’74
1874
Water loan
do
1372
Railroad loan
do
1873
($60,000 are J. A J.).
iHdtaiuifXfhs— Bonds to railroads
I860 10*70
Pends to Un. RR Tr. Stock Yard (mortgage).
1877
Loan bonds, senes A
A...
1873
do
do
ii...
187-4
do
do
1874
do
D
do
1875
1874
Purehuee-money bonds—Southern Park
Jersey City— Water loan bonds, mostly coupon 1852 to ’67
Water loan bonds ,mostly coupon
1869 to '73
do
do
do
1377
1873
Forty-year bonds
1871
Improvement bomle
do
do
1872 to’76
Morgan street dock
1870
Funded debt bonds
1872
Old Jersey City bonds, coupon
Various.
500,000
130 0 K)
1,000
1,090
1,000
....
Park bonds (4 of these bonds are for
Funded debt
500
1,000
1,000
1,000
1,103,000'
3,109,800
416.000
622,000
1,000
500 Ao.
1,000
1,000
1,000
1,000
1,869,000
2,1 til, 500
125,000
500.000
837,400
Various.
Various
162,550
1869
1809
Various.
Various.
1875-’76
1876
1.000Ac
150,000
400,000
1,090Ac
73,000
41,0(>o
900,000
400.000
200.000
Vari ous
500 Ac.
1878
1879
18i0-’l
1,000
....
Total Bonded Debt
General.
Special.
$6,201,000
1,353,000
GOO.Oyo
-
$2,390,100
73.647.694
6,326,250
151&20
1,589,000
79,586.156
141™
5,888,250
l,17d,200
—Population, 160,146 in 1880; 92,829 in 1870.
Des Moines, Io%oa.—Assessed value of property, $5,104,240, which ie
about 50 per oent of true value. Tax rate, $0 per $100. Population in
Detroit, Mich.—The population in 1870 was 79,577; in 1880,116,340The value of water works is $1,082,708, against a debt of $1,652,000The water works bonds are issued on a pledge of the city oredit, and
S75,000 per year collected in taxes$68,822,155; personal, $26,069,252;
in 1880-81—real property, to pay int. on thorn. Assessed valuaon.
$94,439,407, which
per $1,000.
$12*09
is
made
on
the basis
or true
value.
Tax rate,
Elizabeth, N. J.—Default was mode in interest Feb. 1,1879. 8uits on
are pending.
Total bonded and floating debt January, 1882,
$5,3/9.353 and accrued interest to July 1, 1881, $972,000.
Latest
proposition for compromising debt Is in V. 34, p. 341. Estimated true
value of real and personal property is much over the assessed valuation
of about $12,000,000 (see V. 32, p. 612). Population in 1880, 28,229;
In 187o, 20,832. Assessed valuation, tax rate per $1,000 and debt
bonds
have been:
Years.
1876..
1877
1878
1879
—V. 32. p. 231, 253, 312,
Realty & Personalty. Tax Rate.
$10,250,805
2*08
15,289,888
2*50
14,014,918
3*50
11,530,031
368, 420, 012; Y. 34,
2T2
p.
Debt.
$4,9oO,000
5,130,000
5,380,000
5.100,000
32, 177. 312, 063; V.
c
and debt have been:
Year*.
Real Rstatc.
.
$12,381,475
12.910.30 >
1881
13,925,825
due.
Where j*;ivaUU- and by
\\
j
hum.
I. A .1. New York, Kountzc Bros.
J. A .1
do
do
flll'lirtl- N. V., Metropolitan N. id:
Variolado
do
F. A A.
do
do
do
Various
Various
Various
Various
A. A 0.
•inly, 1833
July, 1883
1881 To I'.lUG
1881 to’91
18112 to’94
do
1899
do
1879 u> ’81
1882 to *95
1882 to’93
1882 to *86
do
1885 to’96
City Treasury.
do
do
M.
M.
J.
J.
J.
N. N. Y., Farmers’ I/. A Tr. Co.
do
N.
do
D
do
do
do
do
D.
do
J.
do
do
0.
do
do
N.
do
do
D.
do
do
do
F. A A
do
do
A
&
A
&
A
A. A
M. A
J. A
37g, 6, 7 Various
b & 6
5 g.
5 & 6
4
5 A 6
6
6
-
City Treasury.
May 1, 1898
May 1, 1899
Dec. 1, 1890
Doc. 1, 1895
July 1, 1895
-
April 1, 1906
May 15,1906
June 1, 1907
April 15,1908
Feb. 1.1911
1882 to 1895
1883 to 1891
do
Various
F. A A.
Boston, Revere Bank.
Aug. 1, 1894
M. A N. Boston, Bank Redemption.
May 1, 1895
do
do
May 1, 1895
do
do
1896-1898
do
Feb. 1, 1900-1909
do
do
do
M. A N.
J*ov. 1, 1892-1906
F. A A
do
do
Aug. 1, 1899-1905
„
May 1,1908-1909
7
G
6
6
10
8
6
0
.
6
a
5
5
6
G
6
6
4
0
0
6 A 7
M. A N.
J. A J.
J. A J.
J. A J.
Various
M. A 8.
J. A D
A J.
I. A J.
F. A A
r. A D.
J. A J
J. A J
F. A A
J. A J
J. A .1.
J. A J
J. A J.
J. A J.
Various
Nov.
City Treasury.
Boston,
Merchants* Bank
do
do
do
do
Galveston.
do
New York or Galveston.
.
20, 1882
July 1, 1893
July l, 1891
July 1, 1905-1906
1882 to’91
1993-1909
19 JO
1906
N.
Y., Bk. of New York.
City Treus. A Pincuix Bank
City Treasury.
do
do
Suffolk Bank, Boston.
Merchants’ Bank, Boston
City Treasury.
do
Town Treasurer.
do
do
*
City Treasury.
.1890-1895
Aug. 1. 1900
June 1, 1901-1906
Jan., 1906
June 1, 1801
Aug. 1,1882 A* 84
Jan. 1, .1893
1. 1897
1894-1900
Jan.
$10,000 yearly
Jan., 1900
1881 to 1836
Oct. 1, 1889
Jan. 1, 1900
do
0
A. A O
do
6
- J. A J.
do
7
A. A O
Jnn.&Apr.l, 1894
6
Jau.
’Jan. 1, 1889 to '90
City Treasury.
N. Y., Winslow, L. A Co.
G
Jan. 1, 1897
J. A J.
do
do
7*3
I. A .1
July 1, 1893
do
do
7*3
J. A J.
July 1, 1893
do
J. A 3
do
7*3
July 1, 189 1
do
do
7*3
I. A J.
July 1, 1895
do
do
Jau. 1, 1599
7*3
J. A J
6
J. A J. N. Y., Merch. Ex. N. Bank. Jan., 1883 to ’96
do
do
7
1899 to 1913
Various
do
*
do
6
J. A J
July 1, 1907
do
do
7
J. A J
July 1, 1913
do
do
7
M. A N
May, 1891
do
do
7
1892 to 1900
Various
do
do
7
June 8, 1900
J. A J.
Mav 1, 1897
do
do
7*
M. A N.
do
do
6 A 7
r832-’90
Various
do
do
7
*8'F-’85-’89& 1900
Various
do
do
7
J. A J.
Jan., ’98 to 1900
do
do
7
J. A J.
July, 1889
do
do
1884 & 1889
7
Various
do
do
J. A J.
1883-1886
7
1905-1906
Various N. Y., Moroh. Ex. Nat. B’k.
do
do
June 1, 1"86
7
J. A D
6
Demand,
Feb. 1, 1909
6
F. A A. N. Y., Merch. Ex. Nat. B’k.
1910
do
do
5 A 0
....
48,961 in 1880; 26,760 in 1870.
Fitchburg. Mass.—Sinking fund, $182 284.
Population, 12,270 in
188 >; 11,260 in 1870.
Valuation, tax rote per $1,000, Ac.:
Years.
Real Estate. Pers’l Prop’ty. Tax.
Debt.
8mk’gFd.,<fee.
1879
$6,820,575
6,868,225
6,993,700
$2,208,818
2,264,619
2,530,164
17 80
17 60
18 00
—The assessed valuation of real estate
$895,803
915,523
873,523
$158,708
,
ie about the cash value.
188,817
182,2£4
Galveston, Texas.—Assessed value of real and personal property,
1881-82, $17,625,862.
Tax rate, $1 50 on $100. In April. 1882, the
Galveston County 10 per cent bonds were* called in and 0 per oent®
issued instead. Population m 1870, 13,812; in 1880, 22,248.
Hart.ford, Conn.—'Total city debt, April, 1882, $2,957,000; net, after
deducting resources, $2,117,139. Town debts, $1,808.30*4; not, $1,283,5 .8.
Assessed valuation in 1881, about $47,500,000. Population,
42f,553 in 1880 ; 37,743 in 1870.
Uolyoke, Mass.—Bonds all coupon, but can bo registered. Sinking
funds, $45,500. Total net debt, January. 1880, $952,500. Tax valua¬
tion, 1877, $9,399,820. Population, 21,915 in 1880; 10,733 in 1870.
Indianapolis—The School Board is a distinct organization and levies
own tax ($2 20 f«>r 1881), which is included in tax rotes.
There
area few other small issues amounting to about $50,000.
Valuation
and tax per $1,000 have been:
Years.
Real Estate.
Personalty.
Total.
Tax.
$1080
$39,156,400
$10,S73,575
$50,029,975
38,280,235
9 813.705
48,099,940
9*30
its
85, p. 78.)
Evansville, Ind—No floating debt. Population in 1870, 21,830; in
1880, 29,280. Assessed valuation (true value), tax rule per $1,000
1879
Principal—’When
vV iU-.H
Fall llirer. Mass.—The sinking funds amounted to $410,197 Jan. 1,
1882.
Total debt, including water debt, $3,455,800.
Population,
1870,12,035; in 1880, 22,400.
total.
6
6
6
313,700
414,000
475.000
202,000
1879-’80
1881
do
7
7
332.200
510.100
100 &o
1805-’7O
Water bonds
do
7
7
7
7
7 3-10
50,000
400,000
300,000
100,000
1875
Hartford, Conn.—Water bonds
do
7
7
7
7
200.000
.
1872
„
1880
200,000
300,000
300,000
105,000
100,000
100,000
100,000
280,000
640,000
600,000
450,000
•
1873
Water loan
1871
do
1875
Galveston, Texas- Bonds for various purposes... 1809 to ’75
Limited debt Ixmds (sinking fund 2 per cent). 1877-8-U
do
do
Galveston County bonds, G. C. & 8. F. Itii
1870
Ig79
90,000
1,000
City bonds
Years.
100,000
1,000
1,000
....
FUehburg, Mass.—City notes
do
do
7
66,000
89001 878811
^
G A 7
4
2,412,000
1,000
1,000
1870
*
Redemption bonds
do
do
do
do
7
7
7
i; ;f#*g.ooo
100,000
247,500
728,000
88,000
f/v
7 A; 4
175.0* 0
J.
,
090,000
Evansville, Indiana— E. H. AN. RR. bonds
City wharf bonds
E. C. A P. RR. bonds
do
do
Water works bonds
V'
598,000
1870 to’7f
1872 to’7b
18G5 to ’66
1875->76
Consolidated improvement bonds
Funded assessment bonds
Tax
utstaudi.’ig
dis.-overe.l in the*
Tf'O: E<T.
Personalty.
{$4,920,350
g£5,232,045
^5,379,940
Tax..
Debt.
$ 5 00
$1,551,000
15 00
1.05L.O0O
12 60
1,651,000
50,030.271
10*70
20.930,021
39,003,725
12,837,492
51,901,217
10*70
—Population, 75,050 iu 1*S0; 43,24-1 in 1870.
Jersey City.—One of the main causes of the temporary embarrassment
of Jersey City is found in the failure to collect buck assessments ana
in the immense va'uc of railroad property exempt from taxation. The
Comptroller, in Feb., 1882, made the following statement in ms report:
Total taxes overdue Feb. 1, less deductions due State and Co. $2,665,01V
Total assessments due and unpaid
..
2,971g>vW
39,100,250
^
,
August,
1883.]
Subscribers
will confer a great favor
For explanations
Kansas
Bonds
CUy, Mo.
Bonds
Lawrence,
Bee note* on
by giving Immediate notice of any error discovered
INTEREST.
Size
Date of
DESCRIPTION.
Bomb-.
outstanding.
debt
do
Water loan.
riO(X)rtcC,
1873-’75
Mass— Funded
Funded debt
',000.to
500 Ac
1,300.000
25.000
Me—City bonds ($25,000 each year)
Citv bonds ($50,000 each year)
($110,000 due 1885, $2 10,000 1801)
do
Lewiston & Auburn Railroad
Lewiston,
90781
Water
bonds
stock of L. A N. RR...
W'ater
works
do
Fornunrovenieiit of streets....
Re-constructing street
Public buildings and institutions
Public school and school houses
Sewer
bouds
do
Elizal>eth A P. Railroad
100,000
320,000
224,000
500,000
Louisville, New Albany & St. L. Air Line RR.
Road bed, Louisv., (tin. A I.ex. RR
City bonds payable by louisv. & Nash. RR...
Old liabilities (half are 10-40 and half 20-40).
Lowell, Mass.—City notes
Water notes
Water bonds
Water notes
Lvnn, Mass— City notes
1868
1869
1871 to’74
1871
1871 to’73
1851 to’63
1880
1852 to ’75
1871 to *76
1870
1881
56,000
190,900
1,000
1,000
600,000
1,000
178,000
650,000
81,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1,000,000
Large.
Large.
1,000
5.000
481,000
500,000
1.300,000
75,000
175,000
121.500
Manchester, N. If.—City
City bonds
do
'
Water bonds
1874
1872
1881
1867 to’68
do
do
Bridge bonds
Memphis, Tenn.—School
Post bonds
and paving bonds......
Funding loan, gold
Mississippi River Railroad
bonds
1857
1877
1861
1871
1876
1872
Memphis & Little Rock REt
Compromise bonds, coupon
Milwaukee, Wis.— Re-adjustment bonds
General city Iannis
do
Water bonds, coupon
do
1872
registered
1,000
1.000
500 Ac.
"1,000
1,000
1,000
10.000
107.500
150, OOO
J. A J.
A. A O.
City Treasury.
M, A N.
r. A J.
J. A J.
Suffolk Bank, Boston.
00,000
6
6
6
6
6
4
J. A J
do
1,300,000
6
J. A J.
Memphis.
S*
"
1881
1870 to’81
Tax arrearage bonds
do
do
New Bedford, Mass.—Bridge
1,000
1,000
1,000
1875
1878-’80
1871-’79
1,000
1,000
1,000
1,000
1876-’77
78-9-80-81
1861-’74
and city bonds
10,000
1,000
1876
1,000
1867 to *76
1,000
1875
City improvement
War loan
Water bond*
do
do
1872-"74
1881
Sewer bonds
341,000
60,000
300,000
900,000
Real Estate.
$54,993,918
Personal Prop.
$5,340,860
5,343,815
4,786,037
5,610,300
1886 to’93
Mav 1, 1920
1882 to 1894
1886 to 1894
Nov. 1. 1890
Nov. 1. 1911
1887 to 1890
1885 to 1890
A
July 1, ’Ol-'OL-’OO
429,000
1,171.000
250,000
70,000
60,000
(?)
60,000
124.500
110,000
115,000
125,000
(?)
1,417,400
10
8
7
3
6
6
500,000
400,000
1,200,000
5
44,000
2,500,000
3.030,000
1,331,000
170,000
45,000
223,000
66,000
8
7
to
6
A
A
7
7
A
7
7
7
6
6
5
5
6
7
100,000
400,000
200,000
50,000
$28 00
28 00
29 80
29 00
A
\J. A
J. A
J. A
J. A
J. A
J. A
F. A
M. A
J.
413
1,840,000
Tax Rate.
do
18^7-’92-’97-1902
July 1, 1911
City Treasury.
1873 to 1902
1873 to 1900
j
Nov., 1900
J. A * J.
7
6
5
7
7
7
7
8
8
8
242,000
1«M),000
in
April 1, l884-*85
May 1, 1893
July 1, 1890 A ’95
do
do
1879 to 1896
1882 to 1896
Jan. 1; 1883-1894
O
302,000
sinking:
Population in 1880. 120,722, against 82,510
$1,000 have been:
Taxable valuations and tax rate per
Years.
400,000
1,000
1,000
Of these, $5,450,243 was estimated to be collectible.
The total dobt. of the city February, 1882, was $16,193,951;
Sept., 1891
Tuly, 1901 A 1903
M. A N.
5,6
200.000
1,000
Aqueduct Board bonds
funds, $1,254,499.
6
500
500
500
600
500
100 Ac.
N. Y., Bank of America.
M. A 8
do
do
J. A J.
Various New York and Louisville.
N. Y., Bank of America.
M. A N.
Various
City Treasury.
do
Various
M. A N. Boston, N. Bk. of Redemp.
Boston, Blake Brothers.
M. A N
Various
City Treasury.
do
Various
J. A J.
Boston, Bank Republic.
Various Treas’y A Best. Bk. Repub.
do
do
Various
5,5i9.6
1881
Public school bonds.
Clinton Hill bonds, coup. & reg. (8. fd. 3 p. o.).
Corporate bonds, ooup. or reg.(act Apr. 21/76)
Sewer and improvement bonds (looal liens). .
1870.
6,7
6,7
Various
Eostou, Tremont Bank.
1882 to 1892
do
do
Various
do
do
July 1,1894
J. A J.
do
Oct, 1, ’90. to 1906
do
A. A O.
July 1, 1882
J. A J. City Treasury and Boston.
Juno 1, 1883 A’88
do
J. A D
do
Tuly 1,1S85A1901
J. A J.
July 1. ’93-1913
do
J. A J.
Oct 1/97-1907-’17
do
A. A O.
April, 1883
A. A O.
N. Y., Bank of America.
do
1887, ’89, 97
Various
1
do
March 1, 1883
do
M. A 8.
( do
Louisville.
1886/ 96, ’97
Various
July 1, 1903
N. Y., Bank of America.
J. A J.
do
1891, ’92 A 1903
do
Various
1883 to’89
Various New York, U. 8. Nat. Bank.
July, 1898
J. A J. Louisville, City Treasurer.
June, 1901
N. Y., Bank of America.
J. A I).
1888 A 1903
do
do
Various
1883 to 1898
Various Louisville and New York.
Oot. 1, 189 8
do
do
A. A O.
1889
do
do
J. A D.
1894 A 1901
do
do
Various
387.500
44,200
500
KashviUe, Tenn.—Various city bonds
Newark— Bonds, city purposes (s. tuud of 1859)
War lK>nds, floating debt, Ac. (s. fund of 1864)
El
6
4
do
do
450,000
100 Ac.
1,000
1,000
Minneapolis, Minn.—City bonds
City bonds
do
do
Western division
do
do
do
do
Mobile— Funding bouds
100 Ac.
100 Ac.
1867, ’8, ’!• 500 Ac.
1870
1,000
Endorsement
do
6,6*1
70,000
($100,000 each year)
do
7
6
6
6
7
7
7
6
5
5 to 7
267,000
134,000
77,000
513,000
485,000
3.50,000
1,408,000
1970-’3-’5 Large.
1.000
187l-’4-’6
1862 to’76 500 Ac
1857 to’67
1,000
School House
bonds
7
423,000
1,981,000
Large.
Water notes
Waver bonds
Funded debt
City Hall and
1,302,000
1,000
1,000
*54/62,3,8
Wharf property
Jail bonds
For old liabilities
do
do
372,000
1,000
1,000
1853
1857 to’67
1873
1866 to ’(57
1873
1 871 to ’73
1853 to ’06
1868
1871
1868 A ’73
....
1890 A ’97-1901
1880 to ’97
1880-’81
1879-1884
York, Kountzc Bros.
do
dO
....
6 A 7
6
6
6
6
6
6
5
6
6
7
6
7
7 6
6
262.000
Due.
Whom.
New
r
5*9
133.000
1,000
-
Louisville, A'//.—Subs, to
Principal—When
Payable and by
Payable
7
8
10
852,000
117,782
33,000
Wuere
When
Rate.
f 335,000
$....
1859 to'fM
1862 to’7?
1874
in thetc 'lamw,
|
Amount
or
par
Value.
first pageof tables
Bonds
xi
SEGUMTIES.
CITY
4
5
7
7
July*
Charleston, 8. C,
1872
1907
June 1,1891
Jan. 1, 1901
June 1,1890
Jan. 1, 1902
Jam 1, 1903
Dec, 2, 1892
Feb. 2. 1894
J.
City Treasury.
D. Mil. A N. Y., Morton B. & Oo.
do
do
J.
do
do
D.
do
do
J
do
do
J.
I). Now York, Nat. Park Bank.
do
do
A.
do
do
N.
May 1. 1906
188*1* to*l* 885
do
do
Various
1886 to 1900
do
do
J. A J.
J aly/91 -’9 6-1902
do
do
J. A J.
Fen. 1,1891 A *9
do
do
F. A A.
Nov. 1, 1901
do
do
M. A N.
Jan. 1, 1906
J. A J. N. Y., Merchants’ Nat. Bk.
1881 to’99
Various New York and Nashville.
1883 to *93
Various
Newark, City Treasury.
1883 to ’91
do
do
Various
do
April. 1888, to’91
do
A. A O.
July 1, 1895
J. A J. Newark, Meoh. Nat. Bank.
1908 A 1910
Various
1886. 93 A 1909
M. A 8. Newark, Mooh. Nat. Bank.
1879 A 1892
do
do
Various
1886-’87
do
do
F. A A.
....
.
6
A.
A.
A.
A.
A.
A.
A.
A
A
A
A
A
A
A
1882 to 1889
1891 to 1910
City Treasury.
O.
O.
O.
O.
O.
O.
O.
do
1882 to 1884
1900 to 1904
1885 to 1909
1883 to 1909
1887 to 1891
City Treasury 5
valuations (about 70 per
been:
boforo 18s7. Total debt, $953,100. Assessod
cent of true value), tax rate per $1,000, Ao, have
Total Debt.
Years. Real Estate. Personal Prop. Tax Rato.
$9,777,744
$7,705,706
$15 00
17 60
10,557,892
7,385.416
—Population, 32,630 in 1880; 23,536 in 1870.
1879..
1881
8ink.Fda.Al
$973,007
$37,347
1,004,412
38.860
..
Jan.
54,122,875
Memphis, Tenn —The city has been in default for interest since
54,619,565
1,1873. The Legislature passed a bill, January, 1879, repealing the
56,125,552
city’s charter, to enable it to avoid its debts. A Receiver for the
wm
appointed, but U. 8. Supreme Court held suoli action void. The compro¬
-(V. 32, p. 183, 568; Y. 33. p. 153.)
mise bonds were issued at 50 cents on the dollar. Assessed valuation or
Lavn'onee. Hass.—Total debt, $1,727,000.
8inking fund, $125,395' real
Tax valuation, 1881, $25,348,620; tax rate, $16 00.
Population* per
39,151 In 1«80; 28,921 in lb70.
Lewiston, Me.—Total debt, April 1, 1831, $1,169,500: sinking fund,
$143,68o. The railroad bonds were issued to build the Lewiston A
Auburn Railroad, whioh is owned by the cities of those names. Popula¬
tion, 19,076 in 1880; 13,600 in 1870.
Louisville.—The fundod debt, Jan. 1, 1882, exclusive of loans payable
by railroads, was $8,759,000, against $8,812,000 Jan. 1, 1881. The sink¬
ing funds on Jan, 1, 1882, amounted to $6,296,466, including book
taxes. Population by census of 1870 was 100,753, against 123,758
in 1880. The following figures give the assessed property valuation:
1877, $68,522,947; 1878, +63,194,487; 1879. $64,018,242; 1+80, $66,209,44u; 1881/$68.753/,70, of whioh $51,587,903 was reality. Tax
T»te in lt>bi, $2 15.
Lowell, Mas3.—All the notes held by savings banks. Water loan sink¬
ing fund, $309,460; other sinking funds, $88,280. Population, 59,475
ml880; 40,928 in 1870. Assessed valuations (about 80 per cent of
true value), tax rate per $1,000, Ao., have been:
Years.
Real estate.
P’sonal Prop. Tax Rate.
Debt. S. fund. Ac.
}878
J|79
1»81
$27,112,747
27,440,570
$12,951,379
12,164,430
$13 70
13 40
$2,311,000 $184,296
2.281,500 240,000
2,389,300
397,740
15 70
1,1880, $2,147,487. Assets, $455,633. Population, 38,274 in 1880; 28,233 in 1870.
Manchester, N. H.—There are also $10,000 5a and $19,000 6s due
29,627,817
13,158,038
Mass.—Total debt, January
city
183,
Milwaukee, T71s\—The city
average
beyond 5 per cent of its
In 1881 valuation was $58,173,078.
oannot issue debt
assessed value for five years.
Sinking funds are provided
$47,000 scrip issued to settle
in 1880; 71,440 in 1870.
Minneapolis, Minn.—Total
for all the bonds.
old railroad bonds.
There U also atnutt
Population, 115,587
debt, $1,188,000; tax valuation, 1881,
about $31,188,486; tax rate, 20*2 mills; bonds aUooupon. Population,
46,887 in 1880 ; 13,066 in 1870.
Mobile.—The valuation of property is about $13,000,000.
Inter¬
est was in
A settlement with bondholders was
1875. In Feb., 1879, the Legislature repealed
In Oot., 1880, bondholders offered to take new
default from July, 1873.
offered by act of Maroh 9,
the charter of the city.
5 years. 4 per cent for 15 years,
29,132 in 1880; 32,034 in 1870.
Nashville, Tenn.—Assessed valuation of all property in 1881 was $12,179,450 real property and $3/679,125 personal; tax rate, $20per $1,000.
Population, 43,350 iii 1880 ; 25,865 in 1870.
Newark.—The bonds in the llrst line in the table are payable out of the
sinking fund of 1859, whioh amounts to $98,448; those in second line
out of sinking fund of 1864, $1,500,082; public sohool bonds out ol
public school fund, $347,584; Clinton Hill bonds bv sinking fund
$116,034; tax arrearage, $621,075; corporate bends, $134,784; street
25-yoar bonds, bearing 3 per cent, for
and 5per cent^or 5 years. Population,
B:
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OITT
X883.J
AnaoBT.
SECURITIES.
gnbacrlbera will confer a great flavor by, glflag Immediate notice of any
description.
Date of
Size or
For explanations see notes on
Rormcfi,
Value.
first page of tablee.
.
1868
WaterToan ($56,000 1890,* ^56;<XK>7i808>! *'
.
Court House......
Sinking fund bonds..........
N. J-—School bonds.
■
Funded debt bonds
gewerb’ds <$125,000 are M.J
Paterson,
.
.
160,000
'68,’78,’8C
)
bounty bonds
Funding bonds, “A”
1869-'80
1863-'65
1877
Kwal bonds,’’‘B” and ;C’
.
Philadelphia—Bonds prior to consolidation
1877-'78
•
—
Bonds for railroad stock subsidy subscript’m
do
for water works
do
for bridges
do
for park and Centennial
Bonds for war and bounty purposes
do
municipal, school, sewer, Ac
3
.
£
•
m
•
1855
1855 to'71
1859 to’7C
1868 to’70
1862 to 65
1860 to ’70
Guaranteed debt, gas loans
Four per cent loan (“A” to “ Y”)
....
1879
Peoria, lilt.—School loan
399,000
5, 6,7
Water loan
388,000
100,000
110,000
4,326,166
....
....
300,000
....
....
....
Portland, Me— Loan to Atl. A 8t. LawrenceRR '68,’69,’70
1,000
1867 to ’69 500 Ac.
Loan to Portland A Rochester Railroad
do
do
do
1872
do
Portland A Ogdensburg.
1872
....
....
‘
‘
coupon
\gold, registered,
Water loan bonds,
do
do
do
do
loan of 1879
do
500 Ac.
1,000
lOOOAc.
lOOOAo.
lOOOAc.
lOOOAc.
lOOOAc.
£100
Large.
1,000
1,000
1,000
...
Richmond, Fa. —Bonds, reg.,($118,000 arc coup.)
Bonds, reg. and coup. ($216,000 are ooup.)...
....
....
...
New fives
....
....
«...
Rochester, N.Y.—To Genesee Valley Railroad
To Rock. A State L. and R. N. A P. Railroads.
For various city improvements
Water works loan, coupon and registered.
....
....
..
1,000
lOOOAc.
Various
lOOOAc.
....
....
....
Funding loan
Rockland, Me— City bonds
Railroad loan ($20,000 payable yearly)..
1875
....
100
100
100
100
....
1869
do
i...
1871
do
1872.
Notes and certificates of deposits
81. Joseph, Mo.—Bonds to St. Jo. A Den City RR. 1860 to '69
Bonds t< Missouri Valley Railroad...
1869
Bonds fc r various purposes
1858 to ’69
1871
Bridge Innds
New con promise bonds (60 per cent)
1881
8t. Louis—Renewal and floating debt bonds
1846 to’71
Real estate,, buildings and general purposes.. 1840 to '68
Street improvement bonds
1855 to ’57
Water work bonds (old)
1856 to '58
Tower Grove Park bonds (gold)
1868
Sewer bonds
1855 to’69
Harbor and wharf bonds
1852 to’68
Bonds to Pacific Railroad
1865
New water work bonds (gold)
1867 to '70
do
do
do
1872
Renewal and sewer bonds (gold)...,
1871 to'73
Renewal purposes, gold or sterling.
1873
Ac.
Ac.
Ac.
Ac.
176,000
500
500
100 Ac.
500
50 Ac.
Various
Various
Various
Various
1,000
1,000
Various
1875
1874-’79
1880
1872
4k
114,000
128,800
120,000
106,000
60,000
218,000
348,000
859,000
1,688,000
1,104,000
70,000
127,000
346,000
772,000
578,000
700,000
3,950,000
*
Renewal, Ac., bonds, gold, $ and &.
Renewal, Ac., bonus,gold $ and &, coupon...
Renewal bds.,gold,$ and £ (part red’mable '90)
Bridge approach bonds (gold).
5 g.
600,000
596,000
500,000
420,000
280,000
112,938
3,263,545
1,214,700
0)
152,000
750,000
888,950
3,182,000
410,000
359,050
....
1,000
1,000
1,000
1,000
1,000
1,250,000
1,000
681,000
1,074,000
707,000
2,747,000
1,024,000
500
461,000
1,000
tten in State taxes
was about equal to reduction in tax levy. (V. 33, p.
V. 25, p. 51.)
Norfolk, Fa.—The assessed valuations and tax rate per $1,000 have been:
Years.
Real Estate.
Personalty. Tax Rata.
$8,689,716
$1,497,130
$19
JggO
8,861,392
1,463 498
19
9,354,765
1,310,861
20
40,244
;
18£2*‘Y*Y in
—Population
9,526,466
1,627,855
1870, 19,229 ; in 1880, 21,966.
Norwich, Conn.—The assessed valuations, tax rate, Ac., have been:
Real
ic££ar8,
^
JUS
Eetate.
$7,735,158
Personal
Rate of Tax
Total
Property, per $1,000.« Debt. Funds,
$11
$3,725,846
$765,664
$
Ac.
4k
4k
6
8
Oct. 1, 1893
1898,1908 A1910
Jan. 1, 1905
April 1. 1908
Dec., 1882-1904
Dec., 1882-1900
City Hall, by Treasurer.
do
do
do
do
do
do
do
1882-1902
do
Dec., 1879-1900
June, 1887
do
do
J. A J.
Phila.. by Treasurer.
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J
do
do
do
do
Various N. Y., Amer. Exch. Nat Bk.
M. A N.
do
do
J. A D.
do
do
Various
do
do
J. A J.
New York.
A. A O.
Pittsburg, Treasurer.
J. A J.
do
do
Various Pittsburg, Phila. A N. Y.
J. A J. New York. B’k of America.
Various
Philadelphia.
1901-1904
1882 to’85
5
1879 to 1903
£ 1879 to 1905
1883 to 1905
1881 to 1904
1886 to 1890
May 15,1881
June 1,1888
1889-1891
July 1, 1888
1893 to '98
1908
1881 to 1912
1913
1883 to ’85
1884
-
M. A N. Boston. Blackstone N. B’k. tov.,1886,’87’88
J. A J.
do
do
July, 1887
J. A J.
do
do
July 1, 1897
M. A 6.
do
do
Sept. 1, 1907
Boston and Portland.
1881 to ’95
m’nthly
J. A D.
do
June 1,1887
M. A S.
Providence.
Sept., 1885
J. A J.
do
Jan., 1898
J. A J. Boston, Prov. and London.
Jan., 1900
J. A J. N. Y., N. City Bank, A Prov.
Jan., 1900
J. A J.
do
do
July 1, 1906
J. A J. London, Morton, Rose A Co
July 1,1895
J. A D.
Providence.
June 1, 1899
do
J uly 1,’99 A 1900
J. A J.
do
1892
M. A 6.
Treasury.
3ept. 1, lf*2-’84
M. A N.
Boston and Providence.
May 1. 1885-’86
Various
do
do
1882-’89
J. A J.
J
Richmond, Treasurer.
J. A J.
do
do
3
....
7
7
7
7
7
4 A 5
6
6
6
3*65 A 4
6 A 7
7
10 A 6
10
4
6
6
6
6
6 g.
6
6
7
6 g.
6 g.
6 g.
6 g.
6 g.
6 g.
5 g.
6 g.
J. A J. N. Y., Metropolitan N. Bk.
N. Y., Union Trust Co.
F. A A.
Various New York and Rochester.
J. A J.
N. Y.t Union Trust Co.
do
do
Semi-an
City Treasury.
J. A J.
do
F A A.
do
M. A 8.
do
1882 to 1897
1882 to 1899
1891
1892
Various N. Y., Nat. B’k Commerce.
M. A N.
do
do
Nov., 1889
1881 to 1903
1893
1902
Jan. 1,1903
.
1905
1880 to’89
Various 9t. Joseph and New York.
1880 to ’89
J. A J. N. Y., Nat. B’k Commerce.
1891
F. A A.
do
do
1901
Various N. Y., Nat. Bank Republic
1881 to’91
do
do
Various
1882 to 1906
do
Various
do
1882 A ’87
do
Various
do
1882 to’83
F. A A.
do
do
Aug., 1898
do
do
Various
1882 to’89
do
do
Various
1881 to’88
F. A A. N. Y., Nat. B’k Commerce.
Feb. 1,1885
J. A D. New York and St. Louis. J une, 1887,to 9<
A. A 0. N. Y., Nat. B’k Commerce.
April 1,1892
New York or London.
Various
1891 to »94
do
!d. A N.
do
Nov. 1,1893
M. A N.
do
do
May 1, 1895
J. A J.
do
do
1894 A 1899 do
J an. A June, 190<
Various
do
J. A D. N. Y., Nat. B’k Commerce.
Dec. 10, 1892
Assessed valuations of property for 1882 are: Full city
property,
$491,481,202; suburban property, $35,197,912; farm property, $19,
096,115; all tlie personal being classified with the full city property
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.
Pittsburg.—Assessed valuation in 1880; Real property, $85,744,990 ;
pe rsonal, only $2,516,540. Tax rate, 1880, 20-4 mills per $1.
Popufat
ation, 156,389 in 1880; 86,076 in 1870. interest defaulted April,
1877,
Sinking
5
7
5
Due.
April 1, 1907
.
1,397,250
lOOOAc.
Public improvement loan, registered.
Prov. A Spnngtield RR. bonds, guaranteed...
1872
Brook Street District certificates,
1877
do
do
do
1879
coupon.
New High School Building certificates
1877 A'79
7
6
6 A 7
4 A 5
7
1,226,000
2,179,469
5,127,700
1,405,000
6
787,000
6
627,500
6
416,000
1,200.000
6
5 A 6
1,265,000
6
325,000
6
600,000
5
300,000
2,347,000 5 A 6 g.
1,653,000 5 A 6 g.
5 g*
1,500,000
....
1850-79
1867
1855
1863
1872
1874
1876
1875
1879
1879
7
4,279,000
....
1878
1845 to ’72
Funded debt and other municipal bonds
1863
Compromise railroad bonds (coup, and reg.)..
Bonos impr. Penn, av., Ac. (local assessment) 1871 to’73
Bonds for overdue interest (temporary loan).
1879
J.
Norwich.
do
do
do
,
10
50,000
7
195,000
205,000 7,6g.A7g
7
100,000
....
Water loan, reg
Municipal—proper, (<triQ
BuiWing loan bonds.
Providence, R.I— Bone.
Recruiting and bounty bonds
yt
1879-.0
8,484,485
81,500
....
Peoria A Rock Island Railroad
Pittsburg—Water exten. loan (coup, or reg.) — 1868 to’74
6
6
6
6
6
6
4
lo,637,425
5,999,400
....
....
6
4,853,500
8,701,600
11,650,000
....
•
A
A. A
J. A
J. A
J. A
J. A
I. A
7
6
6
5 A 6
1,725,000
6,500,000
....
•
....
do
113,500
500
100 Ac
500
50 Ac.
50 Ac.
50 Ac.
50 Ac.
50 Ac.
50 Ac.
50 Ac.
50 Ac.
25 Ac.
•
•
0.
D.
D.
D.
D.
D.
Various
130,000
....
($50,000 each year)
50.000
J.
Prin cipal—When
N.Bk; Bost.,Bk.Rep
5, 6 A 7 Various
7
5
7
7
Payable and by
Whom.
A. A O. Thames
A. A O.
300,000
164,000
500
.
Where
Pay’ble
7
5
500
1878
1858-’73
1862-’71
When
Rate.
$125,000
1,000
1,000
1,000
1,000
500
.
War
Water loan
$1,000
1877
Conn.—City bonds.
dlicorared tn them Tables
INTEREST.
Amount
outstanding
par
error
on
puted.
Penn Avenue improvement bonds, legal points being dis¬
Portland, Me.—The sinking fund and available assets March 31,1882,
were $145,986.
The city is protected by mortgages on Atlantic A St.
8,184,815
3,273,074
8
763,277
Lawrence and Portland A Ogdensburg railroads. Population in 1879,
7,794,678
3,039,564
7
771,863
3,535 35,010,
against 31,413 in 1870, and 26,341 tn 1860. Population in
7,435,418
3,057.099
9
777,312
9,191 1880, 33,810; 1870, 31,413. The assessed valuations, tax rate, As.,
-Population, 21,145 in 1880; 16,653 in 1870.
have been:
Paterson,
J.—Finances are apparently in a sound condition. The
Real
Personal Rate of Tax
Total
Sinking
assessed valuations, tax rate
per $1,000, Ac., have been:
Y^^rp u'Estate.
Property, per $1,000.
Debt. Funds, Ao.*
i cv-to8^8,
Real Estate.
Personalty. Tax Rale: ■
1878^7?f.-. v: ”,212,800 $11,458,354 $25 50
Debt.
$5,316,600 $360,815
Jg™
,...$15,850,857
$3,255,659
2k
$1,286,500
19,825,800
10,359,128
25 00
225,710
5,235,600
15,923,108
3,246,501
2k
1,275,000
11,376.456
25 50
19,777,200
4,688,100
92,356
iwVY,
16,398,608
3,544,517
2k
1,259,500 1881-82
11,609,585
23 50
19,886,300
4,620,500
40,168
*
-Population, 51,031 in 1880; 33,579 in 1870.
These do not include the sinking funds for railroad loans.
Philadelphia.—Tho total funded debt, January 1, 1881, was $69,431.Providence, R. J.—The principal debt of Providence has been created
W4; floating debt,
$601,365; on January 1,1882, the debt was $68,139,- since 1872 for water works, sewerage, new City Hall and Brook Street
flo2tiu£ debt, $489,487. Total assets Jan. 1, 1882. including Improvement. The sinking fund for bonds due in 1885. $635,104;
onii^A
railroad stocks held, and $2,549,998 of taxes “ due and 1893, $238,126; 1895-99, $317,139; 1900-6, $119,457. Population,
and $2,742,025 cash, were
$27,445,373. In the following 1870, 68,904; 1880, 104,857. The laws of Rhode Island now limit the
debts of towns to 3 per ct. of their assessed valuation. Assessed valua¬
VaqJ1116 a8ses8ed value of real estate is near its oash value:
lftTc8,
Real Estate.
Personalty.
Tax Rate. tions (true value), tax rate, Ac., have been:
$585,408,705
Real
Personal
Tax per
$10,004,673
$21 50
Total
Assets in Sink.
Estate.
jonk
593,313,532
9,755,000
22 50 Years.
Property.
$1,000.
Debt.
Funds, Ac.
9,439,769
21 50
toAg
577,548,328
$86,341,100 $30,699,400 $14 50 $10,590,550 $1,292,697
526,539,972
loon
8,069,892
20 50
86,816,100
28,765,600
14 00
10,475,550
1,237,OOB
iodV
529,169,382
13 50
7,498,452
20 00 1880.... 88,012,100
1,369,142
27,908,900
10,202,688
1881...
14 00
28,413,800
1,397,558
87,788,000
10,100,599
545,608,579
8,166,650
19 00 —State valuation, $168,547,726; city, $116,201,8001
i
..
..
..
SECUKITIES
CITY
X1T
Subscribers will confer a great
favor by giving
[Vol. XXXY
Immediate notice of any error discovered
in those Tables*
INTEREST.
Size pi
Value.
explanations see notes on first page °f tables.
For
6L Louis— (Oontin ued.)
8t. Louis County bonds
insane
assumed-
1 807
1868
1872
1873 to ’76
Asylum
County Jail
outstanding.
$1,000
$100,000
1,000
600,000
600.000
850,000
1.000
1907818709.781
56.
General purposes, gold
Renewal
Park bonds, coupon, gold
1875
Cake Superior A Mississippi
8t. Paul & Chicago Railroad
Public Park (Como.)
Local improvement
Bonds
1879.
San tYaneisco— Bonds of 1858, ooupon (gold)..
Judgment lionets, ooupon (gold)
Central Pacific Railroad, coupon (gold)
Western Pacific Railroad,
do
do
do
School bonds
do
School bonds
bonds
Hospital bonds
House of Correction bonds
City Hall construction
Moutgomery Avo (special tax)
Dupont 8t. (special) (Aofc March 4, 1876)
Savannah. (la.—How compromise bonds
Somerville, Mass.—City debt
Park A wai’r ($170,000A. AO.; $155,000 J.AJ.)
263,125
200,000
100,000
100.000
1,000
1,000
1,000
1871
1868-9
1878
1858
1803 to ’64
1864
1865
1867
1870 to *72
1874
1872 to’75
1871 to *73
1874
|
1875 to *76
100,000
1 15.000
10
loo Ac.
1,000
1,000
500
500
500
500
500
500
500
600
500
500
500
1873-74
330,000
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
435,500
257,000
172,000
246,000
385,000
200,000
475,000
210,000
150,000
481,000
Various.
Estate.
Property.
$48,196,975
$2,003,800
42.658,350
1,706,300
37,717,175
1,584.940
38.485,533
1,430,144
Richmond, Fa.—Reid cstato assessed,
240,000
1,045,650
’73,’74A79
1.000,000
1874 1O’80
449.600
43 i.000
1861 to’ttl 500 Ac.
l,88i>,000
| 5(H) Ac.
325,000
371.300
500 Ac.
Debt.
$5,549,186
5,471,686
5,446,186
5,382,950
19*64
21*7*533
24*67
1880, $28,318,283; i>eraonnl
$7,471,488. Tax rate, $1 40. Population, 63,' 00 in 1880 ; 51,038 in *70
Rockland, Me—Valuation of real and personal estate, 1831, $3,460,000. Tax rate, $25 per $1,000. Population, 7,599 in 1881; 7,074 In
187a
St. Joseph. Mo.—Population in 1830. 32.431; in 1870. 19,565.
As¬
sessed valuation of real estate, 1880, $5,723,781. Porsoualty, $3,294,451; total $9,<>18,235. Rate of tax, 1880, 32^j mills. In 1881 total
assessed valuation was $9,835,000, which was probably about 60 per
cent of aotual value. A compromise of the debt was made in new 4
per
cent bonds, whioh arc given for
bonds. (V. 32, p. 659.)
St. Louis— Population
the full prinoipal and interest of old
by the United States census in 1870
•
.
.
•
«
.
,
1899
do
do
do
1,200,000
1,000
in old Wards.
20-21
•
oo
174.000
Rochester—Total debt funded, $5,382.9'>0.
The bonds of Genesee
Valley HR. loan. $164,000, are provided for by net receipts from a lease
of said road to Erie R’way. Population, 80.366 in 1880; 62,346 iu 1870.
Assessed valuation (60 per ct. of true value), rate of tax. Ac., have been;
Total
Tax per$1,000
Real
Personal
Years.
1877
J. A J. N. Y., Nat. Bk. Commcroe.
July 1,1837
tto
do
Bept, 1, 1888
51. A 8.
do
do
June, 1892
J. A J>.
1889 to 1896
do
do
A J.
do
do
A. A O.
April 1,1905
do
do
Yf. A N.
May 1, 1895
1880 to'90
M. A N. N. Y., Kountzo Brothers.
1883 to’86
do
do
11. A N.
do
do
Various
1889, '90, ’96
1888 A *98
do
do
J. & D.
1900
do
do
I. A I>.
1903
do
do
1893
do
do
f. A J.
do
do
April 1, 1904
A. A O
1880 to 1889
J. A J.
City Trensnrv.
Jan. 1, 1891
J. A J. Boston, Merchants7 Bank.
do
do
A. A O.
Apl. 1,1883-1898
do
do
J. A J.
July 1, 1904
Jan. 1, 1888
J. A J. San F. A N.Y«, Laidlaw A Co.
Oct. 1, 1883
do
do
A. A O.
do
do
I. A J.
July 1, 1894
do
do
May 1. 1895
M, A N.
Oct. 1. 1887
do
do
A. A O.
June 1,1882 to *90
do
do
J. A D.
do
do
J A J.
July 1. 1894
1897 A 1904
do
do
J. A J.
Nov. 1, 1891
do
do
M. A N.
do
do
July 1, 1804
J. A J.
Various
Ghi
5*e.6,6H; Various
Various
167,000
4*2,6
1866 to’79
1870
1870 to’sl
1 R7<> to *76
g.
g.
g.
g.
5, 6 *.v. 7
7
8
6
6
7
7
6
5 A 0
6
6
5
6 g.
7 g.
7 g.
7 g.
7 g.
7 g.
6 g.
6 g.
6 g.
7 g.
6 g.
Due.
and by
Whom.
L’ay’ble
320.000
Large.
1,000
1,000
City bonds
7
G
7 A 6
6
6
Where Payable,
325,000
Large.
Largo.
Water loan
r*
4
YV lieu
7 g. J. AJ. Ban.F.A N.Y.,LaidlowA Co.
928.000
5
Q—F. N Y., Eugene Kelly A Co.
3,356,800
1,250.000 55^66^ Various Boston, Nat. 6county Bank
100 Ac.
Sprinapeld, Mass.—City notes
Rate.
1,579,000
....
1876
1879
,000
300,000
500,000
398,500
100 Ac.
Water loau
($‘200,000 are 6 per cents)
Railroad loan
Toledo. O— General fund city bonds, coup
Ttledo A Woodville Railroad, coupon
Waier works ($3,000 only Oe)
Short bonds, chargeable on special H«seesm*ts
Worcester, M.— t'My. ($536,500 a, |$1,349,500 r.)
Sewer <iebt (ad registered)
Water d€‘.bt ($80,000 coup.. $291.300 ree.) ...
70 7,4 25
48.710
1,000
Various.
do
1,900,0'K)
5(10,000
Various
Various
Various
500 Ac.
1868
1870
1873
1873
1879
Railroad
Water loan.:
Park improvement
1,000
Various.
Various.
Salem, Mass.—City debt
City debt
Judgment bonds,
1,0<>0
1,000
1875
County bonds
SI. Paul, Minn.— Revenue nomls
Preferred bonds
8 per cent bonds
Principal—Whea
Amount
par
Date of
Bonds.
DESCRIPTION.
was
r
do
do
City Treasury.
Various Boston, First National B*k.
do
do
A. A O.
6 A 7
do
do
A. A O.
7
6, 7 A 8 Various N. Y., Imp. A Trad. N. Bk.
do
do
M. A N.
7*3
do
do
Various
6 A 8
do
do
Various
7 A 8
4, 5 A 6 Various C.Treas.ABost. Mehta.’ Bk.
do"
do
4, 4*s, 5 Various
do
6 A 6
do
Vari«»us
6
1896
Feb. 1, 1909
1882 tol896
1881 to 1884
1880 to 1906
1882 to 1884
1882-1889
Apl. 1,'94. to 1906
Apl. 1„ 1879-1893
1881 to *94
May. 1900
1893. '9i A *99 |
1879 to *81
1883 to ls06
1899 fb 1905
1882 to 1906
Mass.—Tho sinking fund amounts to about $290,000. There
$46.0 >0 of 4 per oent bonds also held by sinking funds. Population,
27,561 in 1350; 21.117 iu 1870. Tax valuation, 1881. $23,788,350.
Salem,
are
San Francisoo.—Population. 233.959 in 1880; 149,473, in 1870. Tbe
Montgomery Avenue and Du out Stroct bonds are special issues shargs-
abio only on thn assessment of property benefit ted.
four years and tax rate (per $L00) are given below.
in personalty in i 839 *1 was
by
The assessments for
The large iuoreaae
the arbitrary assessment of
made
making no s worn statements of their property.
Roalty.
Personalt.v.
Tax Rate*
1378-79
$190,230,810
$54,196,550
$1 24
H79-80
166,129,845
51.057,229
1 99*s
204
1830 8 L
165.0-'3,653
279,287,738
1881-83
:.
155870,923
63.547,386
1 80*1
Sinking funds raised annually amount to over $225,000. (V. 34. p.
persons
559.)
Savannah, Oa.— Default was made on
interest Nov. 1, 1876, in oonso-
of yellow fever and nen-eolleotion 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 u> Feb. 1,1879, 58 per cent of the face value
in similar bonds. Assessed value of real estate and tax rate each year
quenoo
have been as follows:
In 1875, $13,932,012, $22 50;
1876, $ 14.256,540,
§22 50; 1877, $14,256,540, $15; 1878, $9,946,633, $25;
1870,
10,100,009, $25. Population iu 1870, 28,235, against 30,709 in 1880.
310.864, against 350,5 L8 in 1880. The city and oounty wore merged
Somerville, Mass.—'Total debt, January 1, 1882, $1,585,000; sinking
by law in 1877 and oity assumed the oounty bonds. The Comptroller
Property valuation Ln 1880, $20,458,100. Except
gives the following iu kis report to April, 1881: The liabilities appear as fund, $312,263.
follows: The bonded debt at the close of fiscal year (April 9, 1881) is $140,000 5s in $1,000 piooee, all bonds are m $2,000 to $50,000 pieost.
$22,417,000. A claim of the 8t. Louis Gaslight Company for gas fur¬ Population, 24,933 in 18s0; 14,685 in 1870.
nished. amounting in all to about $350,600, was decided against the oity in
S)>ringfield, Mass.—Total debt, January, 1882, $1,811,221. The rail¬
1880, but appealed. Assessed valuation of property and tax rate have road debt falls due $20,000 each year. Population in 1880, 33,340;
been;
1870, 26,703. Tax valuation and rates have been:
Rate of tax per $ l ,000.
Real Estate
Personal
Tax rate
Old
New
Bonded
and Personal
Years.
Real Estate.
property.
per $1,000.
Limits.
Limits.
Debt.
Years.
Property.
1878
$22,746,330
$0,637,845
$1100
$5 00
$17 50
$22,737,000
1878
$173,086,330
7,230,094
22,211,230
12 00
17 50
22,014.000 1881
5 00
164,399.470
23,795,920
8,935,850
12 50
5 00
17 50
22,507,000 —Valuation of real estate is about 67 per oent of true value.
160,634,840
5
00
$20,836,710
13,835.525
18,993,545
17,300,486
17,300,766
$6,919,216
6.340,193
5.452,871
5,491,026
16
18
13
15
1880, 41,473
been:
Sinking
Funds, Ac.
$1,323,812 $616,292
1.332.500
1,327,200
1,356,444
1,519,310
5.942.503
40 par eant of true value.
—Valuation of real estate is about
22 mills.
22,417,000
17 50
St. Paul, Minn.— Population in 1870 was 20,030; iu
Assessed valuations of taxable property and tar rate have
Personal
Rate of Tax
Total
Property,
per $1,000.
Debt.
Years.
Real Estate.
551,755
567,612
616,000
66 D, 009
Toledo.—Total debt. January. 1882, was
$3,034,049. Of this the debt
payable by special assessments was $449,609, and the certificates of
indebtedness, $57,449. Taxable valuation of real estate, 1881, $19/
597,539; personal, $6,315,940.
Total valuation, $25,913,460. Tax
rate, $2*68 per $100. Population, 60,137 in 1880; 31,584 in 1870.
30, p. 356.)
Worcester, Mass.—'Total debt, January
1,1882, $2,582,800. Cash assets,
$101,748, inoluding $26 3,299 sinking fund. Population, 58,291 in 1880
41,lo5 in 1870. Tax valuation, 1880, $41*005,112; in 1861 $48,6d«
529; tax mte, 1‘68.
RAILROAD
jUtgl-st,' 168.?. |
%vI5J **'» '»i'J *
'-X '<* it
Civ
> •
r nc
it
*ul c
ih,u
A la
vmuuation ol column
1
,m
!>y "’Ivijr i
M Mrs
heading*, ece.; see note.-
first page pi t in'ies.
of
of
Value.
95
Susqm'hanna-Xlock
Ci.V 101111
Bonita to State Fa. (endorsed) 2d raort., East ext.
1st mort., East’n Extern, guar, by Pa. RH
Funding income bonds, with truffle guarantee...
Amador Branch- 1st mortgage
Asheville di Spartanburg—Stock
Ashtabula dt Pittsburg -1st mortgage, coup, or rog.
Atchison Col. & Pacific— 1st mort., guar
Atchison
Jewell Co. (6 A’est.— 1st M., guar. C.B.U. P.
Santa Fo—Stock
1st mortgage, gold
Land grant mortgage, gold
Consol, bonds, gold --------Land Income bonds, 5 to 10 years
Atchison Topeka &
Bonds, gold
(secured by mortgage bonds)
62
259
13*2
110
110
259
27
49
62
229
34
1790
470
....
....
27
66
....
gold, guar.
148
...
do 1st (A 2d on 148 miles) guar..
Emporia & S., 1st mort., guar
Alabama Central.—Dooember
0-‘
«...
Trust mortgage bonds
Wichita A Southwest., 1st M., gold, guar
Kans. City Top. & West. 1st mort., gold ..;
do
do
income bonds
do
Kansas City
120, Szr
.
134
....
!
,<KM>
100
1 .OOO
1 876
1 .ooo
1,000
I860
100,000
1878
1879
1879
1,000
1,000
1,000
1,000
100 Ac.
1,000
500 Ac.
500 Ac.
1872
1875
1873
1875
1878
1879
1,000
1,000
1,000
1,000
1,000
yalley—Dec. 31,1881, owned from Pittsburg, to Oil City,Pa.,
i^P0111Feoo,vefJ what there is
“florae bonds the
m cash and balance in Ixmd scrip.
Of the
Pennsylvania RR., Northern Central and Philadelphia
“Erie hold $4,98
,000, the interest on which is paid altogether in
wno
scrip; tile bonds held by individuals are raid in cash and scrip
morigages. Tno earnings, Ac., lor fiveyeara-were as follows;
Not
Gross
Passenger
Freight (ton
Years,
Mileage.
Earnings.
Mileage.
Earnings.
I»r8 ,3,405
106,609,036
$2,492,080
$1,141,97 2
15,874,054
1,910,222
81,077,541
915,727
94,006.809
1,745,316
761,83
13,976.446
16,119,027
107.352,410
1,919,528
832,301
{£$
—<v oo ’
-*IV,32,»,367, 525;
127,615.267
2,169,786
V. 33, p. 44o, 467 j >. 84, p. 434.)
1,6:13,000
1,942,200
514,000
1.000
miles; brandies—lied Bank, Pa., to Driftwood. 110 miles; others, 17
total operated, 259 miles. Chartered April 4,1837. Road opened
trough to Oil City (132 miles) Feb. 2, 1870. Low-Grade Div., Red Bank
uiijrirtwood (110 miles) opened May 4, 1874. Tho company beoame era•^raased in 1874 and compromised with its creditors. It still falls short
•?
interest liabilities. The amount of inoome bonds authorized
^jpi0»w9>000; these receive all revenue left after interest on prior
and any deficiency is made up
by additional issues. The income
904,672
4*fl
200.000
....
F. S. Smith, President, Angelica, N Y.;
(V. 34. p. 625, 679, 714.)
7 g.
8
5 g5
412,000
854,000
1,000
AroherN. Martin, Vice-President, N. Y. City.
17.2m2.869
~
w
0
7 g.
7 g.
7
7 g.
1,000
dated mortgage is for $10,000,000, of which $3,450,000 is to retire old
bonds, and balance for a part of old stock and to lessee for improvcB&ente. Gross earnings in 1879-80, $1,538,982; net, $657,288; 1880-81,
gross, $M40,049; net, $638,974. (V. 32, p. 99, 205.)
AUeyany Central.—Narrow gauge road from Oloau, N. Y., to Swains,
tw miles. The road was
completed July 1,1882. The total issue of 1st
bonds is $600,000, and the bonds are redeemable any time ai
l*z
7 g.
7 g.
5,000,000
1,000
31. 1881, owned from Selma, Ala., to
6
6
6
7,041,000
2,915,500
109,000
438,500
1,149,000
3,706,000
5,073,000
500 Ao.
/»>mts—i'rinei-
Ill VlUK.Vl >>.
Where
Sbu:t;s -rl.asG
1 iividond.
I’u'able, and b\
Whom.
Julv 1, 1918
April 1. 1907
1. A .1. N.Y.,Farmers’ L. AT. Co
.1 an. 1,
li'lH
f. A J. N. Y., B’k of Coinniiii'ui'.
July 1, 1882
.1. A J. N. Y.,Dol. A llud.Oan.Co
Julv, 1888
M. A N.
A. A O.
A. A. O.
J. A J
do
do
do
do
do
tlo
Nov., lS95-’97
Oct., 1885
April 1, 1906
N.Y., Post,Martin A Co. Jan.
Jan.
Jan'ar.v
1,
1922
1,1912
i896
53,931,700
....
1878
1880
1880
1880
1832
tl»tvs3 Tables.
i
7-30 J. A J. N. Y., Winslow, L. A Oo. March i,
5
Jan’ary Han isburg, Treasury. 100,000 y’rly.
7
A. A O. Philadelphia or London
April 1, 1910
Oct. 1. 1894
7
A. A O. Pittsburg, Co.'s Offloe.
6
J. A J. N. Y., Cont. Pacifio RR. Jan. 1. 1907
4,000,000
2,999,000
10,000,000
8,171,700
675,000
1,050,000
1,500,000
3,672,000
542,000
100
1869
1870
7
6 g.
6 g.
6
2,166,500
1870
1871
1874
1877
....
g-
7
300,000
50
1,000
ana secured the
joint use of the Jefferson Railroad. This opening
gave a large ooal traffic to the road and to the other Delaware & Hud¬
son leased roads north from
Albany to the Canada line. Tho consoli¬
i
6
150,000
500
1 i
J. A I N.Y.,Motr >poiit’ll N.B!,
A. A 0.
London.
0
600,000
Alabama Great Southern— Deo. 31, 1881, owned from Wauhatchio,
Tenn., to Merklian, Mies., 290 miles; leased, Wauhatchio to Chattauooga,
8 miles; total operated, 296 miles. Northeast & Southwest Alabama
ohartored Deo. 12, 1853. Reorganized as Alabama At Chattanooga Oct.
0,1868, and was opened May 17, 1871. Default made Jan. 1,1871, and
road sold uudor foreclosure January 22, 1877.
Present company
organized November 30, 1877. Now company assumed Receiver's oertifloates ami issued new bonds for $1,750,000. The lunds were conveyed
in full settlement to the holders or the $2,000,000 of Ala State bonds.
These lands (about 550,000 acres) are held by trustees. (V. 30, p. 117.)
The rood and equipment have been thoroughly renewed. Capital stock—
Gammon, $7,830,000, aud preferred 6 porcont, $1,750,000; funded debt,
$1,750,000, and Roooiver’s certificates, $178,000 (of which $134,000 in
litigation, all valid oertitioatos allowed by U. 8. Court pawl on presenta¬
tion). Gross earnings in 1880, $643,130; expenses, $451,335; not,
$191,795. Grass in 1881, $789,376; expenses, $502,952 ; net, $286,424.
-Of. 32, p 499,611; V.33, p. 125; V. 31, p. 342.)
Albany <& Susi/u^/iaima.—December 31, 1881, owned from Albany, N.
Y.,to Binghamton, N. Y., 142 miles; branches—Quaker Street, N. Y..
to Bobenootady, 14 miles;
Oobleskill, N. Y., to Cherry Valley, 2*1
mhos; operates Lackawanna A Susquehanna Railroad, 22 miles ;
total operated, 199 miles. Chaiterea April 19, 1851, and road opened
14,1869. Steel rail, 135 miles. Leased in perpetuity from Feb..
1870, to Deiaware & Hudson Canal Company; rentals, 7 per cent on
wook and bonds. Additions and betterments chai-god to lessors, and
oort made part of investment. In 1871 lessees built the Lackawanna A
Susquehanna Railroad from Nineveh to their Pennsylvania coal fields,
stook, $1,000,000.
6
998,000
1.000,000
1,708,000
2,9*7,000
188*
188*2
1832
'»H*
When
7
6
1,000
■> r
u’ore
Pa.vabb-
•■■hi
1865
.
disn
Out.
3,500,000
1,000
Lauderdale, Miss., 96 miles'; leased (M. A O.), 18 miles; total operated
114 miles. Defaulted January 1,1872, and finances re-adjusted in
ig78. Income mortgage 3 per oent (if earned) 40-year bonds, due July
In 1881 a controlling interest was sold to tbo
1 1918, $1,400,000.
East Tenn. Va. A (ia., by which this road is now operated. The stock
was $2.0i>0,000, and holders had tho right to take one share of East
Toon. Va. & Qu. oommon tor eaoh share of Ala. Central, and most of it
wtw exobanged.
Q.*oss canilugs, 1830-81, $23*2,117 ; net, $60,391.
_(V. 32, p. i’bS; V. 33, p. 559.)
Alabama New Orleans * Texas paoijlc Junction {7Am!ted).—This is an
English corporation holding the controlling interest in tho Vicksburg ,v
Meridian. Vicksburg Shreveport Sc i’aohlo, and the Now O: leans s& North
Eastern roads, ns well a* in tho Chin. New Orleans A: Texas Pacific
Railway Co. (lessee of the Cincinnati Southern Kniiway). The manage¬
ment of the company is in the same hands as tlmt of the Alabama Croat.
Southern KK.. Length of roads, when comi leted. 852 miles; add Ala.
Great South' rn UR., 295 miles; entire system (when completed), 1,147
miles. The preferred or “A” shares are £ 1,500,<KK>, and tho common or
“bM shares £2,5(>0,0n0. The debentures are redeemable any timo at
115, on six months’ notice. The odmpany holds the following securities,
viz.: Vioksb A Meridian, $245,000 1 at mort.. $105.00'.) 2d ru)iT.,$11<> 000
3d mort., $1,161,300 prer. stock, and $362,000 com stock; of Vicks¬
burg Shreveport A Pacific $3,692,000 let mort., $1.931 000 in -omes and
$1,594,000 **took; of N. O. A North Eastern ft4 900,000 1st mort. and
$4,320,060 stock. Bee V. 33, p. 22; V. 3 t, p. 573
105. Capital
or
aav or
Rates )»u!
$ 1 ,(>00,000
r,.ooo,oo‘ •
1,163.000
1863
1805
....
bonds for purchase of K. C. L. & 8. K. stock.
Shifting fund bonds (secured by mort. bds.)
Outstanding
•T-1 ,1)00
ls^l
ib7«
....
j
a F.
Pueblo & Ark. Valley, 1st mort.,
*
1 XT 9
xv
pn’, When Due.
A mount
Par
Bonds
3 77
142
14*2
142
1 112
BONDS.
1 s I'r.'i
or
•
233
(Mnluutf fund, 1 per ct. yearly)
ronsoirt»Srt])- A Ir- ^iidnrwvl on bonds)
Alley any Central-1 Bt inert, .sold <.$8,000 i>er mile).
2d mortga go, g^d Income mortgage, not cumulative
Albnuy
i v>r
AND
i:Ii it™ u»tlcn of
a n
Road
neurit:— 1st mmig. gold coupon
‘\'i N. O. TexmiS Pacific. .Inno.-Debentures.
u'i. South’*. -1st mortgage, coupon
Albany &
STOCKS
7 g.
7
F. A A. Phil., Fid. I.T. A S.D.Co.
N. Y., Hanover N. Bk.
Q.—F.
G.-F. N.Y., Hanover Nat. Bk.
<X—p.
BovSton. at Offloe.
J. A J. Boston, North Nat. Bk.
A. A O.
do
do
A. A 0.
do
do
J. A J.
Boston, Co.'s Office.
Boston.
A. A O.
M. A S.
do
A. A 0 N.Y., Nat.Bk. of Oom’oo
J.
J.
M.
J.
J.
J.
A J.
A J.
Boston, North Nat. Bk.
Boston, Everett N. Bk.
do
A S.
A J. Bost., N.
do
A J.
A J. Boston,
Aug. 1, 1908
Mayl, 1905
May 1, 1905
Aug. 15. 1882
July, 1899
Oct. 1, 1900
1903
Jan. 1,
April 1, 1909
Sept 1. 1920
Oot
1, 1320
July
1, 1902
July 1, 1906
Mar. 1, 1906
do
Bk. of N. Am’a July 1, 1906
do
July 1, 1905
North Nat. Bk. July 1, 1909
Amador Branch— Galt, Cal., to lone. Cal., 27 mile*. leased in per¬
petuity from Jan. 1, 1877, to Central Paoitto—rental $3,500 per momb.
Stook, $075,000. Loland Stanford, President, San Franoieco.
Asheville d Spartanburg— Projected from .Spartanburg, B. C., to ARhe
villo, N. C., 67 miles, of which 48 milos, Spartanburg to Hendeivwnvillein operation. Formerly Spartanburg A Asheville, sold m foreclosure
April 1881, bought in by bondholders for $111,000, and reorganized on
above stock basis. Earnings in 1880-81, $38,693; net, $2,109. (V.
32, p. 17, 396.)
Ashtabula <£ Pittsburg.—December 31, 1881. owned from Youngstown,
O., to Astabula Harbor, O., 63-6 mileH. Organized us Ashtabula S'oungstown A Pittsburg in 1870, and road opened May 1, 1873.
Pennsylvania
Company, jis lessees, guaranteed bonds upto January 1, 1877.
Dofau f
July 1,1878, and property sold Auipist 21,1878. Existing company
organizes! September 25, 1878, and it is leased by Penn. Co., which pays
not earnings to A. Ac P. The common stock Is $958,491 and preferred
dock $700,000.
Not Warnings for three years wore as follows: Ia79,
$68,978; 1880, $83,827; 1831, $123,888.
Atchison Colorado A Pam fie.—Watcrvllle, Kan., to Lenora. Kan., 192
miles: Grecnleaf, Kan., to Washington, Kan., 7 miles; howni, Kan., to
Kan.f 23 miles; Yuma, Kan., to Talmage, 2* miles; total,
The road is an extension of the Union Pacific Central Branch,
by which the bonds are guaranteed and the road is controlled, ana
the whole system is virtually owned aud oontrollod by Union Pacilio.
Stock, $1,377,000.
Hull City,
252 miles.
At/hison Jewell Oo. <£ West— Jamestown, Kan., to Burr
34 mllee. Under samo auspices and control as Atchison
Pacific. Stock, $6,000 per mile.
A tchison Topeka & Santa Fe.—Dec. 31, 1881, mileage
Main Line—Atchison to Kansas State line, 471 miles.
Oak, Kan..
Colorado
was as
at
follows;
Leased—Kansas
City to Topeka, 66 milos; Pleas’t Hill to Ced. Jnno.,Ka., 45 miles; Em¬
poria to Howard, 76 miles; Florence to Douglas, 54 miles: FJorenoeto
Ellin wood, 99 milos; Newton to Wioliita., 27 miles; Wiohita to Arkansas
River, 69 miles; Wellington to Caldwell. 23 miles; Kan. State L. to 8.
Pueblo, Col., 149 miles; Pueblo to Rookvale. Col., 37 miles: La Junta to
N. Mex. State L., 96 mii-j8; Col. Bt. L. to San Maroial, N. M., 354 miles;
Lamy to Snnta Fe, 18 miles; San Marcial to Doming, N. M., 128 miles;
Rincon to Texas line, 5s miles; Texas line to El Paso, 20 miles: total
leased, 1,319 miles.
Total operated directly, 1,790 miles. Owned
jointly—Burlingame to Manhattan, 57 miles.
rence
& Southern Kansas, 384 miles, was
The Kansas City Law¬
also acquired by purchase
of the stock in Sept., 1880, and the 5 per oent bonds due Sept. 1, 1920,
issiKMl therefor (V. 31, p. 559), with sinking fund of 1 per cent a year.
Tho Kansas City Topeka & Western is leased, and the lessee pays
interest on the Kansas City Topeka Ac West, bonds as rental. The 6 per
oent bonds were issued for stocks and bonds purchased, and
per
cents for extension of the line to Doming and El Paso, and have the
6 per oent mortgage bonds of the Rio Grande Mexico &
the Rio Grande <fe El Paso roads dejKisited as security for them. The
sinking fund Is l^j per cent, rising to 3^ by 1910. Buoh bonds as are
held in tho company's treasury, or leased line bonds held as collateral
for any of its own bonds given above, are not inoluded in the above
amounts outstanding.
The Sonora RR. in Mexioo was purchased in March, 1882, by
one share of A. T. & 8. F. stock for two shares of Bonora stock or
in inoome bonds, and the Sonora lstmortg. bonds were guaranteed. (See
V. 34. p. 315. 461.)
A dividend of 50 per oent in stock voted Oct. 7 to stockholders of
record October 24; also a subscription of 15 per cent new stock at par.
An agreement was made in Feb., 1880, with the St. L. & San Fran., for
the joint construction of a line to the Pacific, under name of Atlan.
For terms boo Atl. & Pac.; St. L. Ac S. F. The annual report for 1881
Pacific and
& Pac.
was
published in tho Chbonicle, V. 34, p. 459.
years was as
follows:
Earnings—
Passenger
Freight
Mail, express, &e
Total gross earnings..
Total operaVg experts.
Not
earnings...
1878.
1879.
Income, etc., for four
1880.
1881
$
1,786,901
6,499,981
9 051,623
136.888
$
1,353,231
4,883,435
144,777
270,094
562,278
8,950.868
2.066,970
6,381,413
2,963,128
8.556,976
4,374,287
12,581.509
8,063,326
1.883.898
3,41^,315
4,182,689
4,521,183
188a
*
1881,
4,182,689
4,521,183
$
987,496
2,826.184
2.970,6GB
INOOUB AOOOD XT.
Receipts—
Not earning
Pottawat’e land ac'ot.
Rentals and interest..
Sundry credits
Total income...
1878.
$
1879.
1.833.898
3.41R.315
139,322
$
130.739
8
44,691
60,034
1*20,143
229.83?
1,928,589
3,748,410
4,302,837
4J51#CJ10
RAILROAD
XVI
Subscribers will confer
STOCKS
AND
BONDS.
great favor by giving immediate notice of any error discovered In these
Tables.
a
DESCRIPTION.
For explanation of column headings, Ac., see notes
on
first page
of tables.
Atchison Topeka A Santa Ft—(Continued.)—
Cowley Sumner & Fort S., 1st mort., guar
Marion A McPherson, 1st mort., guar
Pleasant Hill A De Soto, 1st M., gold
Florence El Derado A W., 1st mortgage, gold
New Mexico A So. Pacific—1st mortgage, gold
Sonora RR., 1st mort., gold, guar. ($20,000 p. m.)
Atlanta A Charlotte.—New pref. mort
Mortgage bonds
1
Miles Date Size, or
of
of
par
Road. Bonds Value.
44
31
295
.
265
m
m
«...
34
1.50
150
150
54
595
Preferred stock
Loan due in 1880, extended
....
m
do
1870 .sterling, £800,000, sink, fund
Baltimore loan, 1855-’90, sink, fund
Sterling mortgage, sinking fund
Parkersburg Branch
Maryland
Disbu rsem ents—
....
....
Dividends
Sinking funds.
Sundry debits.
Miscellaneous
....
....
^
m
m
...
411
421
f
.
.
.
.
263
104
....
....
1878.
$
401,267
1879.
$
836,772
795,446
091,311
-
•
120,000
1,000
310,000
4,425,000
500,000
500,000
1,000
1,000
1,000
1,000
....
lOOOAc.
50 Ac.
£100
..
iioo
1864
1871
£100
100
1880
100
100
.
_
ra
_
r
.
„
£ioo
£200
...
....
1880.
1881.
$
45,799
56,390
634,620
72.812
40,490
35,125
1,311,579
941,717
1,132,072
1,928,589
3,748,410
4,302,837
4,751,020
1,727,195
Laud grant estimated to be 2,932,784 acres, of which 1,058,758 acres
were sold to January 1, 1882;
in 1881, 50,033 acres were sold, for
$261,544, or $5 22 per acre, and dead sales of 7,706 acres for $51,194
were canceled.
(V. 32, p. 43,99,182. 420, 431, 442; V. 33, p. 23,
357, 411, 502; V. 34, p. 31,113, 175,243, 315.457, 461, 474, 573, 707;
V. 35, p. 21.)
,
Atlanta A Charlotte Air-Line.—Dec. 31,
1881, owned from Charlotte,
N. C.. to Atlanta, Ga., 269 miles. Successors of Richm. A Atl.
Air-Line,
which was a consolidation (1870) of three separate lines in No. Carolina,
So. Carolina and Ga. The whole road was opened for traffio
Sept. 28,
1873. Soon after completion default was made, and the
property passed
to a receiver November 25, 1874. Sold under foreclosure December
5,
1876, and purchased by the bondholders, who formed the existing cor-
Maich 26, 1881, the road
Saration February 27, 1877, and leased to the Richmond A
possession was taken April
n
was
16, 1877.
Danville.
The line forms the Southwestern Division of the Piedmont Air-Line
funder control of the Richmond A Danville
Railroad), extending from
Richmond, Va., to Atlanta, Ga., 550 miles. Capital stock $1,700,000.
Total receipts in 1880, $951,688; expenses, $587,550;
net, $364,137.
In 1881 (9 months), $744,618; net. $180,536. Two
inoomes, April, 1881.
per cent
paid
on
(V. 32, p. 443; V. 33, p. 687.)
Atlanta A TFert Point.—June 30, 1882, owned from East
Point, Ga., to
West Point, Ga., 81 miles; leased, 6*2 miles; total operated, 87*2 miles.
In April, 1881, a controlling interest in the stock was
purchased by W.
M. Wadley and others for the Central Georgia, and a stook dividend of
100 per cent was afterward declared in debenture certificates. Gross
earnings iu 1880-81, $418,054; net, $107,634; In 1881-82, gross, $430,010; net, $175,494. (V. 32, p. 444, 635 ; V. 33, p. 224 ; V. 35, p. 160(Atlantic A Pacific.—Road completed from
Albuquerque, on Atchison
Top. A Santa Fe, about 300 miles, to the close of 1881, and in progress
to Big Colorado River. The company was building a
Pacific line, of about
600 miles, in connection with the Atch. Top. A Santa Fe and the St. L. A
San Fran., which companies guarantee 25 per
cent of the gross earnings
over their respective lines to and from this road,
one year after its com¬
pletion, provided its own earnings are insufficient to pay coupons. The
bonds were sold, with a bonus of $750 iu income bonds for eacn
$1,000
first mortgage. The 1st mort. cou. bonds are
$1,000 each and reg. bonds
$5,000 each. The stock authorized is $100,000,000, and issued to July,
1881, $19,760,300, nearly all owned oy the Atch. Top. A S. Fe and the
St. Louis A San Francisco companies
equally, and held in trust for
30 years for those two companies. In
January, 1882, most of the St.
Louis A San FranciseotCompany’s stock passed into control of
Jay Gould
and C. P. Huntington, and the new
arrangement made stipulated that
the Atlantic A Pacific road is to be completed
during 1882 to the Color¬
ado River. The Southern Pacific will build east to meet
it, as the act of
Congress of July 27, 1866, requires, and agrees to pay to the Atlantic A
Pacific 25 per cent of its gross earnings on
through business, which is
to be applied to the payment of interest on the Atlantic A
Pacific bonds,
the same as the Atchison Topeka A Santa Fe and the St. Louis
A San
Francisco companies. The Atlantic A Pacific, in consideration
qf this
agreement being carried out, stipulates that the present subscription
snail be reduced from $16,500,000 to less than
$6,600,000. Or the
latter amount about $6,000,000 will be required to finish and
equip
its road to the Colorado River, and the balance to build its
central
division from Vinita to *
Albuquerque. The land grant claimed under
the old Atlantic A Pacifio grant is
25,600 acres per mile in Terri¬
tories and 12,800 acres in States, and on completion of the first 50
miles, October. 1880. tho U. 6. Attorney General held the company was
entitled to lauds on that section. (V. 32.
p. 182, 676; V. 33, p. 99, 356,
357, 467, 621; V. 34, p. 60, 113,175, 263, 488, 573, 707; V. 35,
p. 50,
51.)
Atlantic A St. Lawrence.—June 30,1881, owned from Portland, Me., to
Island Pond, Vt~ (and branch), 151 miles, there
connecting with Grand
Trunk of Canada, to which leased for 999 years,
August 5,1853, at
a rental equal to 6 per cent on stock
and bond interest.
Capital,
of which $27,000 is in U. 8. currency. Tho bonds to City of
$5,484,000,
Portland are now provided for by aoeuimnalations of
sinking fund.
Augusta A. Savaiwah.—Sept. 1, 1881, owned from Millen to Augusta,
Ga., o3 miles. Chartered as Burke County in 1838 and opened in 1854.
Leased to Central of Georgia for $73,000 per annum. Has no bonded
debt. The capital ($1,022,900) represents its cost. Dividends of
31* per
cent are paid June and Dec. each year. Has a considerable
surplus fund.
Austin A Northwestern.—Lino of road, Austin, Tex., to
Burnet, Tex.,
60 miles. Opened Jan, 1,1882. Has a land grant of
600,000 acres.
Stock, $600,000.
J.
A.
M.
At
M.
M.
6
6
5
3
4
6
6
6 g.
6 g.
6 g6
5
6
6
6
140,000
366,000
pal,When Du®
Slo cJcsmmmXi&At
Dividend.
A J. New York and Boston.
A O.
A N.
New York.
Mat.
do
A S. London, Gr. Trunk Rw.
A N.
A. A O. Ixmdon, Gr. Trunk Rw.
M. A N.
do
do
J. A D.
Savannah.
3*3
3,000,000
Whom.
Oct.
Oct
J, 1909
1, loo,
1907
Jnly 1. 1907
APril 1.1909
1910
April 1,1897
Jan- 1. 1907
April 1,1900
Feb. 1. 1882
....
6 g.
6
6
6
3
6
6 g6 g.
7.744,000
1,000
1855
1878
6
....
8,120,878
8,856,650
760,000
.
$
774,740
866,663
1,841,021
132,030
4,494
790,513
m
6
5,000,000
579.500
1,710,000
2.602,220
2,603,779
Payable, and by
....
7.
762,000
1,499,916
712,932
1.022,900
420,000
400,000
14,792,566
£200
1879
864,273
734,527
.
...
7 g.
7
795,000
5,484,000
Bonds—Print).
A. A O. Bost., N.Bk. of Republio
A. A O.
do
do
A. A O. Boston, Everett N. Bk.
A. A O. Boston, Bk. of No. Am.
A. A O.
Boston.
do
A. A 0.
New York, Office.
J. A J. N.Y. Central Trust Co.
A. A O.
J. A J. Atlanta, Ga., atTreas’y.
V g.
1,048,000
1,232,200
1,232,200
10,000,000
7,500,000
1,189,905
1876-90
1,000
^
7
7
7 g.
7 g.
4,250.000
500
100
DIVIDENDS.
Rate per When Where
Cent.
Pay’ble
$566,000
372,000
»
1853
1870
1855
1872
1874
1875
1877
Outstanding
500
1881
1880
1880
1871
w
INTEREST OR
Amount
1,000
^
'•
...
Sterling mortgage, sinking fund
Northwestern Virginia. 3d mortgage, 1855-85
m
m
Loan, 1853
.
•
$1,000
53
60
Bald Eagle Talley— Gen’l mort.,(s. f. $4,000 per yr.)
Baltimore A Ohio—Stock
Purchase of Connellsrv. RR (payable $40,000 y’ly)
Loan, ster., (s. f. £7,500) lien on Chic, line bonds
1879
1879
1877
1877
1878
1880
1877
1877
1880
.
Austin A Northwestern (lex.)—1st mort
Bonds to State of
9
....
Augusta A Savannah—Stock
Total
m
87
Debenture certificates for dividend
AU. A Pac. —1st g., s.f.,cp.or rg.($25,000p.m.onW.D.)
Income bds., non-cum’tive, ($18,750 p.m.onW.D,)
1st RR. A laud grant bonds on Central Division..
1st land grant bonds on Central Division
Atlantic A St. Lawrence—Stock ($5,457,100 stg.)..
1st mort. to City of Portland (sinking fund)
2d mortgage, sterling, 5-20 years
3d
do
do
do
on
m
265**
Income bonds, registered (not cumulative)
Atlanta A West Point—StooK
Bonds
[VoL. XXXV.
-
J.
A J.
M. A N.
J. A J.
Phila„Far. A Mech.N.Bk
July‘lVi9l0
Oct.
1, I9i0
1891
1901
Mar. 15,1882
Nov. l, i888
got. 1, 1884
May
1, 1891
June 2, 1882
Jan.
1, 1910
Baltimore Office.
Balt., Merchants’ Bank.
May 1, 1882
July, 1882
O.
Baltimore Office.
S.
London.
J.
Baltimore, Office.
8.
London.
N. London, Speyer Bros.
J.
Baltimore, Office.
D. Lon.. J. S. Morgan A Co.
0. Balt. AN.Y..D. M A Co.
J. Balt., Balt. A O. RR. Co.
J.
do
do
1885
1895
1890
Mch. 1, 1902
1910
....
A.
M.
J.
M.
M.
J.
J.
A.
J.
J.
A
A
A
A
A
A
A
A
A
A
1882-1900
June 1, 1927
April 1,1919
1885
July 1, 1888
Bald Eagle Valley.—December 30, 1881, owned from Vail
Station, Pa
to Lockhaven,Pa.,51 miles; branoh,
Milesburg, Pa., to Bellefonte,Pa.,
4 miles; Snowshoe to Moshaunon,
Tenn., 22 miles; total operated. 89
miles. Opened December 7, 1864, and leased to
Pennsylvania Railroad
joint property of the lessors
earnings. Interest, $24,000,
(January and July, each 21q per oent), $27,500. In July,
1881,4 per ct. div. was paid. Stock, $850,000. The gen. mort., dated
Jan. 1, 1880, was provided for the replacement of the two
eeries of
bonds. In January, 1881, purchased the Bellefonte A Snow Shoe
road
for $300,000 iu stock. -(V. 32, p. 99, 396.)
Company for 99 years. The branch is the
and lessees. Rental, 40 per cent of gross
and dividends
Baltimore A Ohio.—September 30. 1881, mileage was as follows;
Balt, to
Miles.
Wheeling (main)
Branohes—To Locust Point
Camden cut-off
370
5
2
..
Junction to Frederick City.
Pt. of Rocks to Washington
3
43
3
Bridges
Total owned
Branches leasedHyattsville to Shepherd, Md.
Winchester to Harper’s Ferry
Winchester to Strasburg
435
13
32
19
49
Straeburg to Harrisonburg...
Total branches leased
Total B.AO. main and brehes.
Leased, controlled and op¬
erated—
548
Relay House to Washington..
Miles.
Grafton to
Parkersb’g, W.Va. 104
Wheeling to Washington, Pa. 32
Pittsburg to Cumberland,Md. 150
Berlin Branch RR
Mineral Point to Johnstown..
Weavert’n to Hagerstown,Md
Harrison burg to Staunton....
Broadford to Mt. Pleasant,Pa.
Connellsville to Uniont’n, Pa.
Bcllaire to Columbus, 0
Sandusky to Newark, 0
9
46
34
26
10
13
137
116
44
Newark, O., to Shawnee, O...
Chicago Junction, O., to Illi¬
nois Junction, Ill
263
31
113
Total leased and controlled ..1,005
Tot. oporated Sep. 30,1881.1,553
An abstract of the last annual report Is given hi the
Chronicle, Yol.
33, p. 586, and the following extracts are quoted therefrom.
The
profit and loss account showed an increase for the year of $1,697,038,
against $2,356,984 in 1879-80. It will be seen by this account that the
nominal surplus fund, which represents invested capital derived from
net earnings, and which is not represented by either stock or
bohds,
amounts to $42,258,680.
The gross and net earnings of the main stem and its branches and of
the other divisions, for the last fiscal year, as compared with 1879-80,
were as follows:
-Earnings, 1879-80.Gross.
Main Stem, Ao
314,405
860,160
1,003,565
847,221
1,548,994
2,238,481
50,380
224,649
.
.
...
Chicago Division
Pittsburg Division
....
.
.
Wheeling Pittsb. A B.
Newark S. & S. RR...
Total....
-—Earnings, 1880-81.-N
Gross.
Net
$11,229,880 $5,172,980 $11,122,259 $4,846,615
Washington Branoh..
Parkersburg Branoh
Central Ohio Division
Lake Erie Division
Net.
246,496
871,829
311,454
208,853
566,673
353,570
712,158
8,594
1,006,025
899,791
1,638,661
2,500.548
53,557
88,259
177,304
1,011,827
b
193,533
72,422
228,267
112,373
453,069
1,124,473
1,094
41,548
$18,317,740 $7,986,970 $18,463,877 $7,073,398
The aggregate
working expenses of the Main Stem, with all branches
and divisions, were 61-69 per cent of the whole
gross revenue, being
5*30 per cent more than the preceding year. Eight hundred and fifty
miles of track of the Main Stem and branches east of the Ohio River are
now laid with steel rails.
The increased cost of steel thus continuously
substituted for iron rails has been oharged to the repair aocount as uni¬
formly heretofore.
The report had the following remarks; “ The needlessly low and unre¬
in unerative rates under which a
large amount of traffic has been trans¬
ported by the trunk lines has materially-reduced the net results of the
past year as compared with those of the preceding years. The increMe
in the surplus fund for the year ended 30th Sept,
1880, was $2,3o6,984, while for 1881 it has been $1,697,038, thus showing a comparative
decrease of net results, with a largely increased business, of $659,946._
Dividends for 5 years, 1872-77, 10 percent; for 1877-78, 7*2 percent;
for 1878-79, 8 percent; for T879-80, 9 per cent; for 1880-81,10per
cent.
The three dividends from May, 1878, to May, 1879, incliisive*
were paid in stock.
Results of operating all lines owned and controliea
for the five years 1876-81 :
Years.
Gross Earnini
Net Earnings.
lenses.
lgs.
S4-.982.8o5
-28 p. c.
$13,208,860
$4,982,8(
5.995,978
13,765,279
7,769,301=56-44 “
0,502,385
14,193.980
7,691,595=54-18 “
7,986.970
18,317,740
10.330,770=56-39 “
7.073.398
18,463377
31,390,479=61-69 “
The Baltimore A Ohio direct bonds of 1879 on Parkersburg Branch are
secured by deposit oi mortgage on that road. (V. 32, p. 230. 260, 2W*
312, 334, 437; V. 33, p.
V. 35, p. 130.)
411, 502, 575, 586, 641; V. 34, p. 1, 60,116,
1-3
"J
r
RAILROAD
STOCKS
Subscribers will confer a great flavor by giving
DESCRIPTION.
Miles
Date
of
of
of column headings, <fcc., see notes
Road. Bonds
For explanation ^ pagc of table8.
TZ^ZZtrotomac-l8tM (tunnel)gold,8. f. 1 p.c.
1st rnort., road, gold, coupon, s. f. 1 per cent
mnVte-fure income, road and tunnel, reg
BcteSifi^ocaao-la t(int, guar. St.L.A.&T.H.)
JSJ5K1'Sfouih.'iii.-uiM.Veinii’g fund, guar.....
vSereDel.- 1st mort. due 1877, extended, guar.
mortage bonds of 1854 (guar, by C. & A.)
Id Mortgage bonds of 1857 ( do do ) •
rnnsol. iuortgageof 1876
Rutland-1st mortgage
Albany—Stock
—•
or registered.
Loan of 1875, coupon or registered
Bennington dk
Berks hire—Stock.. Boston dk
Plain bonds, coupon
....
....
38b
& 2d mortgages
stock)
Bane db Gardner.—1st
qd mortgage (convertible into
....
151
151
29
43
58
X. iL-Stock, common
lstCmortgage, Agricuitural Branch
post.
CUn.dk Fitctib. db
or
Amount
Par
Value.
1871
$1,000
$1,500,000
1,000
1,000
3,000,000
2,000,000
220,000
330,000
•
•
•
•
.
.
•
•
1,000
1,000
1,059.000
1,000,000
500
500
499,500
745,000
1854,
1857
1876
1877
1,000
1872
1875
1,000
100 &c.
....
.
....
.
.
,
....
•
187-920
187-09.
600,000
20,000.000
5,000,000
1,000
1881
•
475,000
100
100
....
.
1,200.000
1,000
....
•
2,000,000
554,000
100,000
1,309,5(H)
1,750,000
400,000
552,000
400,000
6A0.000
1.615,000
800,000
1,000.000
624,000
1,931,400
500,000
18706-9.
1876-90.
Mortgage
Bonds
bonds 1869-/0
1864
’69-’70
100 &c.
1874
1,000
....
Bon^^guar.1 byCle'ase to Old Colony.. ..:
Concord dk Montreal—Old preferred
n^ston
^Com. and new
Sinking
stock...
Consolidated mortgage bonds
(for $2,000,000)....
bonds
Bost Hoosac Tunnel & West.—^5tock(for $10,000,000)
1st mortgage, gold ($25,000 per mile)
*...
Boston dk Lowell—Stock
Improvement mortgage
160
166
57
....
1858
1873
1881
100
100
100 &c.
200 &c.
m
m
m
*
-
Bonds
1,000
Rate per
Cent.
....
1872
1875
1876
1879
1,000
500
....
....
(?)
3,940,000
999,500
500,000
750,000
620,000
pal,When Due.
Payable, and by
Whom.
Payable
& J, Balt, or London or N. Y.
<fe O. Phila., Penn. RR. Co.
Baltimore.
& J.
L
6 g.
6 g6
7
6
8
Where
When
A
J.
....
....
A. &
.1. &
M. &
F. &
J. &
M. &
6
6
6
/
7
N. Y., 39 Wall street.
0.
D. Philadelphia, Pa. RR.
8.
Philadelphia.
A. Philadelphia, Pa. RR.
J. Treasurer, Trenton,N.J.
N.
N.Y., Union Trust Co.
Stocks—Last
Dividend.
July 1, 1911
April 1, 1911
Jan.
1.
1915
July, 1, 1910
Aug. 1, 1920
Oct. 1, 1896
1902
1885
1887
Jan. 1, 1916
Nov. 1, 1907
Stockbridge, Treasurer. July 1,
June 30,
Boston, Office.
do
Feb. 1,
F. & A.
do
J. & J.
July 1.
A. & O. Worcester, City Nat. Bk. April 1.
W
Q.-J.
Q. -J.
2
7
6
5
6
do
& J.
J.
$1 50
do
1882
1882
1892
1895
1893
1895
Boston, Office.
April 15, 1882
do
do
April 15, 1882
J. & J. Boston, Boston N. Bank July 1, 1884
....
3 50
6
7
7
6
5
3
....
do
do
J. & J.
do
do
J. & D.
do
do
Various
J. & J. Boston, N. E. Trust
M. & N.
Boston, Office.
6 g.
2
7
J.
A.
M.
J.
J.
7
6
5
&
&
<fe
&
<fe
J.
O.
S.
J.
J.
1889 & ’90
July 1, 1894
1882, ’83, ’85
Co.
do
do
Jan.
1. 1910
May 15, 1882
Boston, Office.
J. & J.
A. & 0.
J. & J.
6
6 & 7
6
2,578,900
1881
82
Bonds
Bonds
Bonds...
1,000
1,000
1880
pf. stock (new pf. stock is $540,400)
fund bonds
500 &c.
....
120
166
xvii
INTI REST OR DIVIDENDS.
Size,
Outstanding
....
BONDS.
Immediate notice of any error discovered In these Tables.
Bonds—Princi¬
1871
1875
1880
1880
1866
1877
1^
89
90
52
52
56
64
64
64
67
59
22
324
AND
1889
1893
1911
do
do
New York and London.
Boston, at Office.
do
do
do
do
do
do
do
t\o
1911
July 1, 1882
April 1, 1892
March 1,1895
July 1, 1896
July 1, 1899
Gross receipts
$183,866; net, $40,454; in
Fotomac.—Dec.31,1881, owned from Baltimore. Md., to $174,688; net, in 1879-80.(V. 82, p. 444; V. 33, p. 200.)18S0-81, gross*
$18,377.
miles; Bowie to Pope’s Creek, 49 miles: branoh—Bowie
to Washington, D. C., 17 miles; total operated, 90 miles.
Chartered in
Boston Clinton Fitchburg dNeto Bedford.—Sept. 30, 1881, owned from
1853; roaa opened to Washington in 1872 and to Pope’s Creek in 1873. Fitchburg, Mass.,to New Bedford, Mass., 91 miles; branches, 34 miles;
Baltimore Tunnel opened in summer of 1873. The road is controlled by leased, Framingham & Lowell RR., 26 miles; total operated, 151 miles.
the Pennsylvania Railroad Co., and first mortgage bonds guaranteed by Consolidation (June 1,1876) of the B.C. & F. and the N.B. railroads, both
Pennsylvania Railroad and Northern Central Railroad Companies. Capi¬ of which had beeu consolidations of other original lines. The Framing¬
tal stock, $3,553,250, funded debt, $6,500,000, and other liabilities and ham & Lowell is leased for 998 years and 4 months from October, 1879.
accounts, $302,559; total, Dec. 31,1881, $10,355,809. Road and equip¬ The whole property was leased (Feb. 1, 1879) to the Old Colony Railroad
ment, $9,099,295; materials and cash assets, $149,896; profit and loss, Co. for 999 years, the lessees agreeing to pay as rental 102q per cent of
*1106,617. Gross earnings in 1880, $790,147; expenses, $032,663; the gross earnings of the consolidated roads. The rental and other
profits, $157,484; interest, $272,342; deficit, $114,858. Gross in 1881, income for the year ending 8ept. 30, 1831, was $401,498, which loft,
*966,432; expenses. $840,923; profits, $125,508; interest, $272,318; after paying all charges, a surplus of $110,597 applicable .to dividends.
deficit, $146,809. Income bonds wholly held by Penn. RR. Co.
The preferred stock takes 7 per cent per annum first, and after 7 on the
Belleville dk El Dorado.—An extension of Belleville & Southern Illinois common, it is not certain as to the division of any surplus.
from Du Quoin to El Dorado, 52 miles, and leased to St. Louis Alton &
Boston Concord & Montreal.—March 30,1882, owned from Conoord,
Terre Haute. Rental 30 per cent of gross up to $2,500 per mile, and N. H., to Wells River, N. H., 94 miles; branches—Wells River, N. H., to
15 per cent on all above that amount. Rental received for 1881, Groveton Junction, 51 miles; Wing Road to Mt. Washington, 22 miles;
*14,640. Stock, $1,000,000.
total operated, 167 miles. Chartered in 1844 and road opened in 1853.
Purchased White Mountain Railroad (53 miles) in 1872, and built the
Belleville dk Southern Illinois.—Dec. 31,1881, owned from Belleville
Ill., to Duquoin, Ill., 56 miles. Chartered Feb. 15,1857; opened Dec. 15- Mt. Washington Branch (20 miles) in 1874. An extension of the White
1873, and leased Oct. 1, 1866, to St. L. Alton & Terre Haute Railroad Co. Mountain Railroad from Littleton to Groveton Junction is mortgaged.
Lease rental 40 per cent of gross earnings up to $7,000 per mile; 30 Fiscal year ends March 31.
Gross
Expenses,
Available
per cent above $7,000 and up to $14,000 per mile, and 20 per cent on
Miles.
Years.
Earnings.
Taxes, <fcc.
Revenue.
any excess of $14,000 per mile. Rental for 1879, $116,490; for 1880,
167
654,272
453,172
201,100
*147,344; for 1881, $146,662. Interest on bonds and sinking fund
167
590,550
388,932'
201,618
*5,000 per year, guaranteed by lessees. Common stock, $405,000; pre¬
Id7
678,123
200,871
ferred 8 per cent stock, $1,275,000, non cumulative. Dividends on pre¬
477,251
Baltimore dk
Bowie, Md., 24
4L> m 1880; $1 05 in 1879; 62c. in
1878; 68c. in 1877; 65c. in 1876; $1 80 in 1875; $1 in 1873. Operated
in connection with the Belleville Branch of St. Louis Alton & Terre
Haute Railroad, and Belleville & El Dorado Railroad. Except on coal
and on contributed business of Belleville & El Dorado Co. 30 per cent.
Belvidere Delaware.—Dec. 31, 1881. owned from Trenton, N. J., to
Mannnka Chunk, N. J., 67 miles; Millham Cut-oft*, 1 mile, Flemingtou
Railroad, 12 miles; total operated, 80 miles. Chartered March 2, 1853,
and opened Nov. 3, 1865. Leased to United Companies, and transferred
ferred stock have been : 4*2 in 1881;
Pennsylvania Railroad March 7, 1876, by which operated as
to
their
Belvidere Division. Rental, all surplus earnings; but the first, second
and third bonds are guaranteed.
In 1881 net earnings were $479,067,
and interest payments $261,050.
Capital stock, $994,050.
Behmngton db Rutland.— December 31, 1881, owned from Rutland
to Bennington, Vt., 57 miles;
branch, North Bennington to New
York State Line, 2 miles; total, 59 miles.
Chartered as Western
Vermont in 1845, and completed in 1854. Leased in 1857 to Troy &
Boston tor 10 years at $36,000 per annum. Consolidated iu Harlem
extension in 1870, and leased to Central Vermont in 1873, but lease
abandoned by lessees. Since September 10, 1877, the Vermont division
(as above) operated by the re-organized Bennington & Rutland. Stock
$1,004,000 (par $100), and bonds $475,000. Iu 1S81 gross earnings
*212,734; net $49,576.
Berkshire.—Sept. 30, 1881, owned from Connecticut State Line to
West Stockbridge, Mass., 22 miles. Chartered in 1837, and road opened
in 1842. Leased in perpetuity to Housatouic Railroad Company at 7
percent on capital stock and cost of road ($27,273 per mile), $600,000.
Lessors pay taxes, &c., which reduced the dividends to
cent, and tne quarterly dividend due iu October is usually
less than 6 per
omitted. Used
the Housatouic’s main liue in Massachusetts.
Boston db Albany— Sept. 30, 1881, owned from Boston, Mass., to
Albany, N. Y., 202 miles; Springfield to Athol, 49 miles; numerous
branches, 48 miles; leased lines, 74 miles; total operated, 373 miles.
The B. &A. was formed (Dec., 1867) by the consolidation of the Bost.
& Worcester and the Western railroads. The report for the year 1880-81
says in regard to the traffic earnings: “It will be noticed that the
as
receipts for freight have fallen off about $200,000, while the tonnage
has increased 283,000.
The loss in receipts is partly' owing to the fierce
competition between the trunk lines for business between the seaboard
and the West, which lias reduced the rate on through traffic to a point
never before dreamed of; but more to a general reduction of about onesixth in the local tariff, which went into effect January'1.” Results of
operations for nve years were as follows:
Passenger Freight (ton)
Gross
Net
Div.
Years. Miles.
Mileage.
Mileage.
Receipts.
Receipts.* p. ct
322 103,278,126 313,822,671 $6,780,597 $2,167,831
8
322 101,221,955 329,708,573
6,633,534 2,219,536
8
324 101,248.321 325,484,799
6,427,403
8
2,703,638
373 113,154.374 375,452,804
2,492,618
8
7,741,113
373 135,421,102 417,108,612
7,875,235
2,186,873- 8
*Net receipts include income from rents, &c.
-(V. 33, p.224, 467, 561,714; V. 34, p. 483.)
Boston Barre & Gardner.—Sept. 30, 1831, owned from Worcester to
^Liss., 37 miles. Chartered in 1847, and road completed
Leased Mouaduock RR. for 99 years from October 1,1874,
i*n/i
.
i
hAn
ween
•
lea®e transferred to Cheshire RR. in June, 1880.
reduced to 5
per cent.
Interest has
Interest liability at 5 per cent, $27,715.
586,172
669,157
797,556
902,906
167
167
211,383
233,746
preferred stock ($800,000) has received 3 per cent semi-annually,
amounting to $48,000 a year. Neither the new preferred nor the com¬
mon stock lias paid dividends.
(V 32, p. 334, 444,(635 ; V. 33, p. 384;
V. 34, p. 636.)
Boston Hoosac Tunnel db Western.—December 31, 1831, owned from
Massachusetts State Liue to Schenectady, N. Y., 57 miles, and Sara¬
The old
toga to Schu.vlersviile, N. Y., 13 miles: total, 70 miles. Projected line,
Hoosac Tunnel, Mass., to Buffalo, N. Y.
The Continental Construction
Co stopped and new plans were made by General Burt for the work.
Suits were begun by opposing interests, and at Albany, March 8, 1882,
the hearing before the Attorney-General in the application to annul the
charter of the Boston Hoosac Tunnel & Western Railroad Company
took place, and the Attorney-General decided that the suit must
be tried.
Earnings on 45 miles for 1380-81 were $286,775; net, $10,961. (V. 32,
p. 69, 500, 611, 635; V. 33, p. 384, 467, 716 ; V. 34, p. 60, 85, 114,
175, 203, 290, 407, 488; V. 35, p. 21, 51, 211.)
Boston db Lowell— Sept. 30.1881, owned from Boston to Lowell (double
and steel), 27 miles; branches—Salem A Lowell, 17 miles; Lowell &
Lawrence, 12 miles; others, 19 miles; leased, Middlesex Central and
branch, 12miles; total operated, 87 miles. Chartered iu 1830, and line
between Boston & Lowell opened in 1835.
In August, 1881, a contract
made with the Concord Railroad, on
running arrangement
for joint
was
basis of 40 per cent of net earnings to Concord and 60 per
Boston 6z Lowell.
The Lowell & Lawrence and Salem &
cent to
Lowell
Railroads, operated for some years under lease, were purchased and
consolidated iu 1S79. the Boston & Lowell assuming tneir bonds,
which cannot be paid oil before maturity'. A joint business was formerly
done between the Boston & Lowell and the Nashua <s: Lowell, but from
December. 1878, they were under separate managements until the B. &
Lowell leased the N.
L. for 99 years from Oct. 1, 1880, but the lease
was held invalid and a joint arrangement was made.
Years.
....
Gross
Net
Receipts.
Receipts.
$1,081,066
$319,528
392,580
1.198,962
1.399,316
1.872,656
39, 43; V. 33, p.
....
—(V. 32, p.
35, p. 160.)
Boston dk
<■
Rentals.
Payments
Iut. & mise. Div.,p.O
2
3
422.698
259,318
4
298,057
4
584,269
225, 254, 357; V. 34, p. 85, 315, 520; V.
$94,718
67,598
4,292
133.690
$116,349
161,890
Maine—Sept. 30,1881, owned from Boston, Mass., to
Portland,
Me., 115 miles; branches, 11 miles; leased—Wakefield to Danvers, 10
miles; Lowell to Ballardville, 10 miles: Bradford to Newbury port and
Danvers, 27 miles; West Amesbury to Newton, Mass., 4 miles; Dover,
N. II., to Alton Bay, N. II., 29 miles; total operated, 206 miles, less 3
miles leased. 31 am line one-third double track and all steel rail. Char¬
tered in 1839. and road completed to
Portland in 1873.
Years.
8out'li Berwick in 184o and to
Gross
Expenses
Net
Outside Av’il’ble Div.
& Taxes.
’'Earnings.
Earnings. Receipts. Revenue, p.#*
$2,173,202 $1,518,854 $654,348
$93,817 $748,165 5
2 100,741
1.359,367
741,317
83,717 825,091 6
2,149,857
2.438,270
2,601,215
1,354,755
1,511,018
1,749,856
88,964 884,066 0
94,382 1,021,034 7b
86,300 937,659 8
795,102
927,252
851,359
—(V. 32, p. 15; V. 33, p, 041; V. 35, p. 21.)
.
1 '
KAILROAD
xvin
Subscribers will confer
a
Miles
explanation of column headings, Ac., see notes
on
Boston <&
first page
AND
BONDS,
[Voi. X\XV,
great favor by girlug immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
STOCKS
Date
of
of
or
Par
Road. Bonds
of tables.
Bonds -Princi
INTEREST OR DIVIDENDS.
Size,
Amount
Outstanding
Value.
Rate per
Cent.
When
Where
Payable, and by
pal,When Due
Slocks—Last
Whom.
Payable
Dividend.
Lowell—(Continued)—
Lowell A Lawrence
Salem A Lowell
Boston <£ Maine—Stock
$....
Bonds, coupon and registered
1873-4
Boston <6 New York A ir-Line—Common stock
187-09
....
....
Stock, preferred
1st mortgage
Boston <£ Providence—Stock
58
64
500,000
4,000,000
5
4
500,000
1,150,723
7
6 g.
■
1,000
1881
....
..
South Side, 1st mortgage
New mort. ($1,000,000), guar, by L. I. RR., gold.
Mortgage on Roekaway Branch
Buff.Braa.d- IHtts.—Gen. M..(incl. 10,000
ac.
I’d)
Buffalo New York <& Erie—Stock
First mortgage
Buffalo N. I. <£ Philadelphia—1st mort., gold
2d mortgage
Consol, 1st mortgage, gold
Buffalo Pittsburg d: Western—Common stock
Preferred stock (6 per cent. Not cumulative)
Mortgage bonds (for $7,500,000), coup
1st mortgage (W. A F. RR.)
1st mortgage (Oil Creek RR.) renewed 1882
1st mortgage (Uu. A Titusville RR.)
2d mortgage (Pitts. T. & B.)
Buffalo & Southwestern—Stock (one-lialf of it pref.)
1st mortgage bonds, gold
Burlington C. Rapids d Northern—Stock
1st mortgage
Iowa City A Western, 1st mortgage, gold, guar..
Cedar Rap. I. Falls A N. W., 1st mort., gold, guar.
Boston <& New York
54
1867
82
5
26
1881
1869
369
73
113
Receipts.
$19,595
355,748
19,395
19,167
July 1, 1893
Sept. 1, 1917
•
•
•
\f. A S. N. Y., Gallatin Nat. B’k
o g.
7
6
7
7
A.
F.
A.
J.
F.
A
A
A
A
A
1,500,000
600,000
500,000
944,000
1,500,000
5,500,000
6,500,000
584,000
1,825,000
100
100 Ac.
1,000
1.C00
dends.
6^
8
8
’
561.)
Brooklyn Elevated— In progress. Receivers were appointed October,
1880, and a compromise effected March 1, 1881, by which reorganiza¬
tion was made and stock and bond scrip were assessed. There were
outstanding at that time $1,069,000 1st mort. bonds and $217,700 bond
scrip; $1,852,880 engraved stock and $1,497,683 scrip stock.
All were
assessed 20 per cent and Receiver’s certificates and income bonds issued
for the assessments in certain proportions. Capital stock of new com¬
pany was $4,000,000 authorized. There was some failure in the plan,
and in July, 1882, a new agreement was entered into. See V. 35, p.
102.
(V. 32, p. 205, 230, 265, 396, 468, 551; Y. 33, p. 441; V. 34, p.
203, 290; V. 35, p. 102.)
Brooklyn dc Montank— (Southern ot L. I.)—Brooklyn to Eastport, L. I.,
66 miles; branches to Fresh Pond Junction, 4 miles; to Roekaway, 10
miles; total, 80 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. The new mortgage for $1,000,000 is to take up the first and
balance issued for extension to Moriches; it is guaranteed by L. I. RR.
ns to interest, on $750,000 and both principal and interest on
the
$250,000. (V. 32, p. 526.)
Buffalo Bradford <t Pittsburg.—Sept. 30,1881, 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.
1880, a dividend of 1 per cent was paid.
Apr.
do
do
New York.
i*,* 1882
297! 882
In March,
Buffalo New York & Eric.—Sept. 30,1881, 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
400 years, and now operated by the New York Lake Erie A Western
Co. Rental, $238,100—viz., 7 per cent on stock and bonds and $5,000
for organization expense. Dividends and interest paid directly
by the
lessees. Capital stock, $950,000, and funded debt, $2,380,000. Total,
representing cost of road, $3,330,000.
Buffalo New York cC Philadelphia.—Sept. 30,1881, owned from Buffalo,
N. Y., to Emporium, Pa., 121 miles. At Emporium connects with Phila¬
delphia A Erie. In April, 1880, the stock was sold to a syndicate. See
V. 32, p. 444. In 1881 purchased the McKean A Buffalo Road, 22 miles,
having $388,200 stock. The consol, mortg. 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, Capital stock, $3,500,000 common, and
$3,500,000 preferred. Gross earnings iu 1881, $1,142,214; net, $507,719. (V. 32, p. 444; Y. 33, p. 641, 686; V. 34, p. 263, 290.)
Buffalo Pittsburg <£ West.—Jan., 1881, owned from Salamanca, N. Y.,
to Oil City, Pa., 100 m.; branch to Bradford, Pa., 20 in.; Oil City, Pa., to
Buffalo, N. Y., 140 m.; Union A Titusville Branch, 25 in.; and Titusville
A Oil City Railway, 9 miles; total length, 294 miles. This was a consoli¬
dation, Jan. 20,1881, of the Pittsburg Titusville A Buffalo Railway and
other roads.
The annual report in V. 34, p. 202, says: “ When these roads shall all
have been completed,
you will have a line from Oil City to Buffalo of
about 138 miles, and the line from Cliioago Junction, via the Valley of
the Allegheny, to Salamanca, 300 miles, and from thence, if it should
prove necessary, owing to our inability to make satisfactory terms with
M.
J.
J.
J.
J.
J.
A S.
& JA J.
A D.
A D.
A J.
N.Y., Corbin Bank’g Co.
New York.
New York, Erie Office.
N.
Y., Erie Railway.
do
do
N.Y., Post, MartiuA Co.
Q.-M. Buffalo, F.A M. Nat. Bk.
New York
Agency.
Mar. 1, 1887
Mar. 1, 1911
July 1, 1879
Jan. 1, 1896
Juno 1, 1882
?e<5. 1, 1916
July 1,
1896
1908
July 1, 1921
1,457,000
3,568,000
1,000
1,000
1,000
Divi-
•
June
A J.
Lease rental paid in the years consecutively was $11,308, $10,956
$10,917, $11,560 and $11,605.
Notes outstanding September, 1881
•
•
3*3
943,800
$375,947
p.
•
J.
1,000
Earnings.
(V. 33,
•
1,000,000
7,000,000
8.650,000
1,000
properties in Boston.
$360,000, due in 1882-3-4-6.
■
3,000,000*
1877
Earnings.
May 15,1882
Jan.,1893 A94
Boston, at Office.
500 &c.
500 Ac.
500 Ac.
100 Ac.
Other
?ct. 1, 1898
N.
J.
S.
7
6 g.
7 g6 g-
1881
1865
1862
1870
1876
Net Traffic
-
N. Y., Hatch A Foote.
2,380,000
50
50
Gross
£ot. 1, 1897
do
do
do
A.
1,000
Boston <£ Providence.—Sept. 30, 1881, owned from Boston, Mass., to
Providence, R. I., 44 miles; branches, 20 miles; leased, Attleborough to
North Attleborough. 4 miles; total operated, 68 miles.
Chartered
in 1831, and road opened in 1835. The company have valuable depot
347,523
A
&
&
&
7
o g.
6
7
Air-Line.—April 30,1882, owned from New Haven,
.
F.
M.
J.
M.
100
1876
1879
1880
do
do
do
Q.—Mar
750,000
250,000
60,000
580,000
950,000
Conn., to Willimantic, Conn., 50 miles; leased Turnervilleto Colchester,
4 miles; total operated, 54 miles. Formerly the New Haven Middletown A Willimantic.
In 1879 a pooling agreement (for 99 years and 8
months from Feb. 1,1879) was made with the N. Y. New Haven A Hart¬
ford RR., under which the B. A N. Y. A.-L. received 6 per cent of the
.gross earnings of all lines operated, out of which its operating expenses
.are paid.
By arbitration in 1880 the percentage was reduced to 5 per
cent for live years.
A lease was agreed to in 1882. 8eo V. 35, p. 21.
On the road, the gross earnings were $297,291 in the year ending
April 30, 1882, and net $174,066. (V. 32, p.635; V. 33, p. 411, 559,
662; V. 35, p. 21,78.)
$1,158,643
1,304,520
1,400,145
2,000,000
1,000
1876
1871
1878
1881
Boston, at Office.
A O.
A N.
& J.
344,584
100
500 Ac.
1,000
100 Ac.
142
140
121
121
205
294
294
274
50
38
25
120
67
67
A O.
1,456,000
1881
Brooklyn d5 Montauk—Stock ($1,100,000 is pref.)
*1*
2,767,500
1,000
..
1873
1879
Income bonds
Yeare.
818.000
100
1880
Bonds to
purchase branches, coupon or registered
Brooklyn Elevated— 1st mort., gold
Receivers’ certittc’s, payable in cash or 1st M. bds.
500 Ac.
100
100
A.
A.
M.
J.
6
4
7
226,900
7,000,000
3,500,000
ioo
204
6
$200,000
•
•
•
•
0 g5
7 g.
5 A 6
w
J.
m
m
O.
A.
O.
J.
A.
New York, Agency.
Phila.,
Phila.,
Phila.,
Phila.,
April 1,'*1921
E.W.Clarke A Co. Feb. 1, 1896
Manuf’rs’ N. Bk. Apr. 1, 1912
E.W.Clarke A Co. July 1, 1890
Manuf’rs’ N. Bk. Fob. 1, 1896
•
A D. N.
J. AD. N.
M. A S.
A. A O.
Y., First Nat. Bank. July *1,‘1908
Y., Central Trust Co.
do
do
do
do
June
*i*
1906
Sept. 1, 1909
Oct. 1, 1920
the New York Lake Erie & Western Railway Company
line to Olean, at the junction of the New York Lake
to extend the
Erie A Western
Railway, Allegheny Central Railway, Olean Bradford A Warren Railway^aud the Buffalo New York & Philadelphia Railway, a further dis¬
tance of 20 miles, making in all 320 miles from Chicago Junction to
Olean.” * * *
“
At the close of the fiscal year your company
following securities:
had in its treasury the
B. P. A W. RR. common stock, 7,100 shares
$355,000
B. P. & W. RR. preferred stock, 8,400 shares...-.
420,000
B. P. & W. RR. general mortgage bonds
415,000
N. C. & O. C. RR. common stock, 3,000 shares
150,000
N. C. A O. C. RR. preferred stock, 9,000 shares
450,000
N. C. A O. C. RR. first mortgage bonds
600,000
Oil City A Ridgway Railway A Mining Company common stock 309,000
“
And owed the
following:
Balance due on loan incurred to purchase New Castle
lin Railroad
'..
Betterments of New Castle A Franklin Railroad
& Frank¬
..$417,724
50,000
Floating debt of P. B. & W. RR Co
For the year
1881 the
gross
35,000
earnings were $593,968; net earnines,
$244,692; credit balance of interest account, $32,347; from which
deduct coupons paid, $264,040; leaving a balance of $13,000.
The preferred stock is entitled to 6 per cent, when earned, but is
not cumulative.
The 1st mortgage bonds of the several roads above
due respectively April. 1882. July, 1890. and February, 1896, were
ottered an exchange for the new bonds due 1921, the option expiring
Aug. 31, 1881. (Y. 32, p. 16, 99.101, 182, 367; V. 33, p. 46^.67,559,
641; V. 34, p. 85, 202, 377, 459, 575, 603 ; V. 35, p. 71, 102, 133,182.)
Buffalo d Southwestern.—Sept. 30, 1881, owned from Buffalo to James¬
town, N. Y„ 67 miles. Formerly the Buffalo & Jamestown; reorganized
in 1877 after foreclosure. In July, 1880, leased to New York Lake
Erie A Western for 99 years—at 35 per cent of gross earnings, but
interest on bonds guaranteed. Gross earnings in 1879-80, $349,441. (V.
33, p. 687; Y. 34, p. 133.)
Burlington Cedar Rapids d- Northern.^-T>ec. 31, 1881, owned from
Burlington, Iowa, to Albert Lea, Minn, (including 11 miles leased), 252
miles; branches—Linn, la., to Postville, la., 94 miles; Muscatine, la ,to
Riverside, la., 31 miles; Vinton, la., to Holland, la., 48 miles; Elmira,
la., to Montezuma, 83 miles; Clinton to Noel, 24 miles; leased, Holland
to Emmittsburg, 113 miles; total operated, 645 miles. Organized as the
Burlington Cedar Rapids A Minn., June 30, 1868, and main line opened
to Plymouth 219 miles, and branches, 149 miles, to end of Sept., 1873.
Defaulted Nov. 1, 1873. Property sold under foreclosure June 22,1876,
and given up to the purchasers July 1,1876. Bonds of the Cedar Rapids
Iowa Falls A Northwestern road are endorsed (on the bonds); they are
redeemable at 105 after Oct. 1,1890. The company guarantees the
above bonds mentioned, and also guarantees $150,000 of Minneapolis &
St. Louis bonds. The annual report for 1881 said that in five years the
increase of mileage had been 275 miles; also that “ while the business
of the year ending December 31,1881, was larger than that of any pre¬
vious corresponding period, the net results were not entirely satisfac¬
tory. The gross earnings are materially less, and operating expenses
larger than was anticipated at the close of the business of the preceding
year; this result, however, is attributable solely to causes beyond the
control of the
managers of the property.
The blockades of the com¬
pany’s several lines or road by snow during the earlier periods of the
year’s business, seriously affected the showing of net earnings, as
was expended in relieving the road from those obstructions 4
while on the other hand, during a portion of this period, the business on
several sections of the road was almost entirely suspended.” The fol¬
lowing is a comparative statement of earnings and operating expenses
for the years ending December 31:
Gross
$59,535
Earnings.
1879
1880
1881
$1,534,950
2,053,481
2,259,037
Expenses.
$984,908
1,343,724
1,626,849
-(V. 32, p. 69, 154, 367, 418; Y. 34, p. 572; V. 35, p. 133.)
California & Nevada.—Line projected from Emory Station,
to Bodie, 250 miles. Mortgage made to Central Trust Co.
and John C. New as trustees. E. M. Walker, President.
Oakland,
of New xorx
California Pacific.- -Dec. 31,1881, owned from South Vallejo,
Cal., to
branches—Adelante to Calistoga, aa
Sacramento, Cal., 61 miles;
miles;
Doer’s to Knight’s Landing, 19 miles; total operated, id
miles. Consolidation (December 23, 1869) of California Pacific ana
California Pacific Extension companies.
Leased for twenty-nine
from July 1, 1876, to Central Pacific. Rental, $550,000 pc
and three fourths of net earnings when in excess or
December 31,1881—Capital stock, $12,000,000; funded deD »
$6,851,000; other liabilites, $1.569,812; total liabilities, $20,420,81*
Extension bonds of $3,500,000 and incomes of $1,000,000 were
default, and the new bonds of 1875, guaranteed by Central Facia »
wore issued in place thereof.
years,
annum,
amount.
KAILKOAD
1883.]
August,
Subscriber* will
California
ANevada—1st uiort. (for $5,000,000)...
Pacific—1st mortgage,
C2d mortgage, endorsed
gold.
oS)’000 a^e 3 p. c.\
.
c3rf*™ia Southem-Utmort. ($25,000 per mile),
gfig?AA%Tc^tocX 20 years inof1873)
($880,650 it pref.)....
1st mortgage (extended
2d mortgage,
extended in 1879
Biir^ion 'Col-iii mortgage.'!I!!! I''.*
Camden A
Canada Southern—Stock
New mort., interest guar..............
mort
Cave Fear A Yadkin Valley—1st
Carolina Central- 1st mortgage, gold, coup, or
2d mort., gold, income, reg., not cumu ative
3d mort., gold, income, reg., not cumulative
Carson A
•
•
•
....
67
60
....
31
Size,
Par
Value.
$1,000
1,000
1,000
500
1,000
1853
1854
1867
1880
1880
1880
1881
Susmiehanna—Stoc*......................
1st div., sink. fund.
Bonds on 2d division, sinking fund
Cedar Rapids A Missouri River—Common stock—
cent
•
93
35
14
61
274
1st mortgage
1st mortgage
Central Branch Union Pacific—1st mort., gold ....
Funded interest bonds (coupons held in trust). ..
2d mortgage (Government subsidy)
Central R. R- A Bank, Qa.—Stock....
General mort. “tripartite” bds ($5,000,000) coup.
Certificates of debt (for dividend)
California Southern.—1This road from San
70
58
146
100
....
100
708
620
....
50
50
’60-8-9 500 Ac.
1870
500 Ac.
100
500 Ac.
1864
1866
500 Ac.
100
100
500 Ac.
1861
500 Ac.
1863
1866
500 Ac.
1866
1,000
1879
1,000
’66-7-8
1,000
100
1872
1,000
100
1881
....
Diego, Cal., to Colton, Cal.,
built by Boston capitalists as a connecting line of the Atlantic
A Pacific trans-continental route, and completed from San Dieiro Bay,
108 miles, in April, 1882.
Stock, $2,088,000. A second block of
$750,000 was offered in January, 1882. For $1,100 in cash each sub¬
scriber receives $1,000 in bonds, $1,000 in stock and $10o in the Sail
(See V. 32, p. 231; V. 33, p. 52, 185;
V. 34, p. 575.)
Camden A Atlantic—Dec. 31,
1881, owned from Camden, N. J., to
(50 miles; Penn Ave. to South Atlantic, 6 miles: leased
leased branch, Egg Harbor City to May’s Landing, 7 in.; Phil. Marl. &
Med. RR.; Haddontield to Medford, 12 miles; total operated, 84 miles.
Absecon Inlet,
Earnings and expenses for three years past have been :
Earnings.
Expenses.
Profit.
Years.
1879.....
$495,472
$293,345
$202,127
1880
498,838
371,020
127,219
1881
512,880
.373,804,
139,010
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. 343 ; V. 35, p. 130.)
Camden A Burlington
N. J., to
County.—Dec. 31, 1881, owned from Camden,
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.
Canada Southern— December 31,1881, owned from Victoria, Ont., to
Amherstburg, Out., 229 miles; branch, St. Thomas, Ont., to Courtright, Ont., 63 miles; total (original line, all steel), 292 miles;
and miles absorbed on reorganization—Erie A Niagara, 31; Sarnia
Chatham & Erie, 7; Canada Southern Bridge & Ferry, 4; Toledo Canada
Southern A 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 companies was completed in 1878.
Interest on the new bonds issued by the company is guaranteed by the
New York Central Railroad Company for 20 years; the principal is not
guaranteed.
1879.
GroBS earnings
Expenses
$2,480,873
2,070,258
Net earnings
Interest
*' $il0,615
$2,995,366
2,448,091
$547,275
353,428
$57,187
$155,823
'
Surplus.
------
....
391,452
1880.
1881.
$3,705,679
2,406,341
$3,369,259
2,672,346
$1,299,337
407,799
$696,912
678,624
$891,538
$18,287
The bonds carried interest at 3 per cent till 1881 and 5 per cent for the
other 27 years, which accounts for the increase in interest in 1881. (V.
32, p. 634, 679; V. 33, p. 715, 743; V. 34, p. 685.)
Cape Fear A Yadkin Vailey—Dec. 31,1881, owned from Fayetteville
to Gulf, N. C.f 47 miles. Total projected is from Wilmington to Mount
Airy, 250 miles. This was a reorganization of the Western RR. of N. C.
April, 1879. Stock, $718,000. In December, 1881, the New York A
Southern Railway Co. of New York agreed to purchase the interest
of the State of North Carolina—$550,000—but failed to pay. J. A.
Gray, President, Greensboro, N. C. (V. 33, p. 622,715.)
Carolina Central.—March 31,1881. owned from Wilmington, N. C., to
Shelby, N. C., 242 miles. Formerly Wilm. Char. & Rutherford, chartered
hi 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 1879-80, gross earnings were
$466,519; net, $189,269. In 1880-81, gross, $564,028 ; net, $250,835.
Wilmington Bridge bonds, $200,000, at 7 per cent, are guaranteed by
this company ana interest paid. The stock of $1,500,000 is placed for
five years in the hands of the reorganization Committee. (V. 32, p, 576;
in
Y. 33, p. 357, 559 ; V. 34, p. 343.)
Carson A Colorado.—March, 1882, owned from Mound House Nev., to
Candelaria, Nev., 158 miles. Gross earnings in 1881, $254,065; net,
$100,408. H. M. Yerington, President, Carson. Nev.
Cataicissa.—Dec. 31, 1881, owned from Tamanend, Pa., to Williams¬
port, Pa., 93 miles; branch. Summit Station to Silver Brook, 4 miles;
total operated, 97 miles. Chartered as Little Schuylkill &
Susquehanna
to 1831; name
changed to Catawissa Williamsport A Erie in 1849.
Road opened Dec. 18,1854.
Reorganized under present name in 1859.
Leased from Nov. 1, 1872, for 999 years to
Philadelphia & Reading.
Rental, 30 per cent of gross earnings and $8,000 a year for company
expenses. Funded debt is also assumed by lessees. Seven per cent is
guaranteed on the preferred stocks.
r
Cat/wgra A Susquehanna.—Sept. 30,1881, owned from Owego,
N.fY.,to
Layuga Lake, N. Y., 34 miles. Chartered as Ithaca & Owego in 1828.
and opened in 1834.
Reorganized as Cayuga & Susq, in April 1873.
r?^d in perpetuity to Del. Lack A Western, Jan. 1, 1855, at a rental of
5p4J>00 a year.' Dividends
(cost of road to
on capital, 9 per cent per annum. Capital
present owners), $589,110. Gross earnings in
^wWl, $83,626; net, $18,015; loss to lessees, $36,584.
(Mar Fall* A Minn.—Dog. 31,1881, owned from Waterloo, HI., to Minn.
F. A A.
Phila.. Penn. RR. Co.
N.
2*3
5
J.
52,000
2,000,000
7
6 g.
Dividend.
1911
Jan.
Jan.
J. A J.
A. A 0.
J. A J.
1, 188T
1, 1891
July, 1905
Jan.
1, 1922:
Nov., 1880
Jan.. 1893
Oct., 1, 1904
1897
Feb. 1, 1881
Jan. 1, 1909
J.
6 g.
6
6
Y., Grand Cen. Dep.
1,500,000
2,250,000
1,159,500
1,000,000
2,200,000
209,850
1,300,000
589,110
198,000
1,334,000
6,8(50,400
769,600
700,000
582,000
2,332,000
1,600,000
629,000
1,600,000
7,500,000
3,750,000
N. Y., Union Trust Co.
A J. N. Y., Fourth Nat. Bk.
A. A O. N.Y., Farmers’L.A T.Co.
A J.
M. A N.
3*3
5 A 10
7
4*3
7
7
1 *3
3*3
7
7
7
6
7 g.
6
4
7
6
4,600,000
M. A N.
New
York, Office.
do
do
do
May 15, 1882“
Various Phila., Phila.A Read.Co.
F. A A.
do
-do
J. A J. New York, 44 South st.
A. A O. N.Y.,J. 8. Kennedy A Co
J. A J.
do
do
Boston, Treasurer.
Q.-F.
F.
F.
F.
M.
M.
M.
April 1, 1920
July 1, 1915
July 1, 1910
Juiy, 1911
Philadelphia Co.’s office May 15, 1882;
1888 to 1900
Feb. 1, 1900
July 1, 1882:
April 30, 1884
Jan.
2, 1907
Aug. 1, 1882;
A
A
A
A
A
A
A.
do
do
Aug. 1, 1882;
A. N. Y., Nat’l Park Bank. Aug. 1, 1891
do
do
A.
Aug. 1, 1894
N.
do
do
May, 1916
N. N. Y., Company’s Office. May 1, 1895
N. N. Y., Hanover Bank.
May 1, 1895U.S. Treas., at maturity. 1896,’97, '98
J. A D.
Juue 15, 1882^
Savannah, Ga.
J. A J. N.Y.,Nat.City Bk.ASav. Jan. 1, 1893;
J. A J.
1891
Savannah, Ga.
....
State Line, 76 miles.
Completed in 1870. Leased to Dub. A Sioux C. for 40
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 cent oi any excess over $7,500 per nUle. Lease transferred
to Illinois Central, October 1, 1867.
Capital stock, $1,585,500, and
funded debt, $1,473,000.
Cost of road, $3,242,174. A sinking fund
of 1 per cent per annum is provided.
Cedar Rapids A Mo. River.—April 1,1881, owned from Cedar Rapids,
la., to Mo. River (opp. Omaha), 272 miles; branch, Clinton, la., to Lyons,.
Ia., 2 miles; total operated, 274 miles, of which 214 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; 3313 per cent of next $3,000 per mile, and 20 percent of any
excess over $4,500 per mile.
Gross earnings year ending Mch. 31,1881,.
$2,981,714; gross earnings per mile, $10,881. The rental in 1880-81
was $815,550 and disbursements, including dividends and interest, were
$638,814. The total balance to credit of income account March 31,.
1881, was $611,825. In 1880 purchased a majority of the Sioux City &
Pacific Railroad stock.
(V. 32, p. 611.)
years
Central Branch Union
Pacific.—June 1,1882, owned fromAtchison*.
Kan., to Waterville, Kan., 100 miles; leased Atch. Colorado & Pac. 252
miles; Ateh. Jewell Co. & W., 34 miles; total operated June 1, 1882, 386miles. The Un. Pae. Cent. Br. was formerly the Atch. & Pike’s Peak 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.
Earnings in 1881 on whole line, $983,732;:
net, $267,041, (V. 32, p. 335.)
Central of Georgia (A Bank).—Aug. 31,1881, owned from Savannah*
Ga., to Atlanta, Ga., 294*3 miles; branch, Gordon to Milledgeville, 17
miles; leased—Augusta & Savannah, 53 miles; Eatouton Br. Railroad,
22 miles; Southwestern Railroad and branches, 310 miles; Upson
County Railroad, 17 miles; total operated, 714 miles. In January*
1880, purchased the former Savannah & Memphis road—Opelika toGoodwater, 60 miles—for $700,000. In 1881 the Port Royal A Augusta
'road was leased; also a lease of the Georgia Railroad for 99 years was;
,
The certificates of debt were
taken in the interest of this company.
The income account for four years was as follows:
1878.
6
6
350,000
Stocks—hast
Camden, Co.’s Office.
....
J. A J. Pliila., Farm. A M. B’k.
A. A 0.
do
do
1876-90.
*50
....
pf.
1,500,000
1,000
....
J. A J.
New York.
J. A J.
N. Y., Fisk A Hatch.
J. A J. N. Y., Nat’l Park Bank.
J. & J. N. Yr., Cent. Pacific RR.
J. A J.
Boston.
6
13,546.879
50 Ac.
....
on
pal,When Due*
Whom.
7 g.
15,000,000
is being
Town Co. stock.
6
7 g.
6 g.
3 A 6
6
Bon ds—Princi-
Payable, and by
490,000
500 Ac.
100
....
1st mortgage
Payable
Where
497,000
225,000
1,000
•1,000
1,000
1,000
242
242
•
Cent.
2,838,000
1,258,050 3*3
50
....
1,000
•
When
3.000,000
1882
Rate per
(?)
$2,250,000
1,600,000
1878
1881
•
Falls A Minn—Bonds on
Outstanding
1867
1871
1875
....
*93
Amount
1881
....
Cayuga A
Diego Land &
xix
INTEREST OR DIVIDENDS.
or
396
158
93
bonds
Preferred stock, 7 per
•
114
114
114
158
reg.
Cataicissa—Common stock
New preferred stock
Old preferred stock.
Cedar
Miles
Date
of
of
Road. Bonds
291
47
Colorado—1st mortgage
Chattel mortgage
BONDS.
confer a great favor by giving Immediate notice of any error discovered In tliese Tables.
^T^Tamrtion of column Qf taWe8. Ac., see notes
headings,
* or
flr8t page
California
AND
STOCKS
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 in the Ocean Steamship Line of
Savannah. In February, 1882, the Board resolved to issue $3,500,000 7 per cent certificates based on the Steamship Co. earnings, and dis¬
tribute as a dividend, but the matter was postponed.
-Traffic Earnings.Payments from Net Earnings—*
Years.
Gross.
Net.
Leases.
Interest.
Divid’ds..
$826,925 $439,596 $255,412 $187,500
$2,409,092
279,178
439,631
375,000
1,093,967
2,675,318
439,652
272,428
375,000
2,781,654
1,181,906
267.732
450,000
439,666
1,508,652
3,144,102
439,666
267,000
1,389,494
3,707,891
This company and the Georgia Railroad Company are joint owners of
the Western Railroad of Alabama, purchased at foreclosure sale in
April, 1875. The “tri-partite” bonds are issued jointly by this company*
the Macon & Western and the Southwestern. (V. 32, p. 44, 334, 396
611; V. 33, p. 526, 587, 715; V. 34, p. 31,177,315, 548.)
Central Iowa.—Dec. 31,1881, owned from Albia, la., to Northwood,Ia.
189 miles; Muchakinock Branch, 2 miles; Grinnell & Montezuma Br.*
14 miles; Stoney City Br., 39 miles; total operated. 244 miles. Char¬
tered 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 new
stock issued was $2,100,000 common; 1st pref., $907,000, and 2d pref.*
$1,167,800, given for the old 2d mortg. bonds. 1st pref. has prior right
to 7 per ct. (non-cumulative) from net profits, after payment of interest;
then 2d preferred entitled to 7 per cent; any surplus, after payment of 7
on common stock, to be divided pro rata between the three classes.
Ia
February, 1880. the income bonds were issued to first mortgage bond¬
holders in payment of four years’ net earnings due them, ana are paya¬
ble by the company on three months’ notice. In Deoember, 1881, stock¬
holders of this company had the privilege of subscribing to the bonds
of the Chicago Burl. & P. (extension line), and received a bonus of Cent.
Iowa stock, and in August, 1882, 17,500 shares of new stock were
again issued for new road acquired, Ac. Following is a comparative
statement of the
earnings and expenses for the years 1880 and 1881:
1881.
Gross earnings
Expenses—
Operating expenses..
Renewals.
Ballast
Total expenses
Net
earnings
-(V. 32, p. 205, 312, 500; V. 33, p. 587,
547, 548, 687; Y. 35, p. 103,188.)
1880.
$1,001,366
$962,076
$576,579
127,631
7,350
$463,807
133,469
23,500
$711,741
$620,778
$289,625
$341,298
686, 715 ; Y. 34, p. 230, 488*
Subscribers will confer a great favor
DESCRIPTION.
For
STOCKS
RAILROAD
XX
explanation of column headings, Ac., see notesj
on lirst page of tables.
AND
BONDS.
[VOL. xxxv.
by giving Immediate notice of any error discovered in tbese Tables.
Miles
of
Road.
Date
of
Bonds
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Size,
or
par
Amount
Outstanding
Value.
Where
Rate per
When
Cent.
Payable
pal, When Du*.
payable, and by Stocks—Last
Whom.
Dividend.
.
1st mortgage on
Chicago Burlington & Pacific...
$500Ac.
1,000
029,000
12,000 p. m.
100
74
Mortgage bonds
Bonds (convertible Nov., 1875 to 1877)
Consolidated mortgage (for $25,000,000)
Income bonds, reg., (not cumulative)
Newark A New York, 1st mortgage
18,503,200
1,000
97
7
Lehigh A Wilkesbarre Coal Co., prior liens
5,000,000
4,400,000
15,000,000
2,450,000
600,000
4,720,000
11,500,000
1809
1872
1874
1878
1807
1,000
1,000
100 Ac.
500 Ac.
....
do
do
Consol mol t.
L. AW. B. Coal Co., inc’me bds, rg. (not cum'latV)
1875
Imp.Co. new M. lxls., guar. C. of N. J
Adjustment mort. (redeemable any time at par)..
1881
1,000
1878
100 Ac.
50
50
Central Ohio—Common stock
Preferred stock
1st mortgage bonds
Central Pacific—Stock
1st mort., gold, (2 sinking funds, $50,000 each)..
California State aid, gold (s.fund, $50,000)
lstm.S. Joaq’n Val. Bi\, gld (s.f. $50,000)
U. S. Doan, (2d lien on certain terms)
Western Pacific, 1st mort., gold, (s. f. $25,000).
do
Government lien
Cal. & Oregon, 1st M., gold, guar., (8. f. $100,000);
Cent. Pac., mortgage, on C. A O. Branch
San Fran. O. A A..1st M. (s. t. $100,000)
Land grant iiiomst^ bonds
Income lids.($0,000,000), skg.fd.,10 p.c.per
1,000
137
137
137
2 ISO
742
50
140
742
158
123
152
152
20
....
All.
195
195
23
ann’m,
Charlotte Columbia d A ugusta— 1st mort. consol.
2d Mortgage
Chartiers— 1st mortgage
.....
1,000
1,000
1,000
1804
1870
1,000
1809
1809
1808
1872
1870
1870
1878
1809
1872
1871
1,000
1,000
1,000
1,000
1,000
1,000
1,000
390
2d mortgage ($1 l.OOOo'per mile)
Paducah A Elizab**thtwn, 1st mortgage
iso
1,000
1881
1881
1877
....
1,000
Central of New Jersey.—Dec. 31, 1881, owned from Jersey
City, N. J.,
Pliillipsburg, N. J., 73 miles; branches, 57 miles; leased and operated;
New7 Jersey, 203 miles, and in Pennsylvania, 193 miles;
total
operated, 557 miles. The princinal leased lines in Pennsylvania are
the Lehigh & Susquehanna and the Lehigh A Laeirawanna, with
their branches, &<*. The main line from Elizabeth to Phillipsburg was
opened in July, 1852, and extended from Elizabeth to Jersey City in
1864. The Long Branch division was opened in September, 1875. The
lease of the Lackawanna & Susquehanna Railroad is dated March 31,
1871, and is virtually a consolidation agreement, the lessees having pur¬
chased the rolling stock. In February, 1877, the property was placed in
The bands of a receiver, and on April 1, 1877, default was made on con¬
solidated mortgage interest. Reorganization followed [See scheme, V.
20, p. 215],
Of Tlie $11,500,000 Lehigh A Wilkesbarre Coal
bonds, $0,110,000 are held by Central of New7 Jersey and are
deferred, having no claim for interest till all other "bonds are
satisfied.
The Lehigh A Wilkesbarre Coal Co.’s stock is $8,700,000, and
the company was taken out of receiver’s hands in March, 1882.
No
satisfactory report has been issued since 1878.
In February, 1881,
Messrs. Jay Gould and Sidney Dillon were elected directors.
The
American Dock A Improvement Company, which is virtually owned by
the railroad con many, issued a new’mortgage in June, 1881, to retire
the prior issue awd pay off the Central of New7 Jersey floating debt; and
The company reserves the right to purchase these bonds by lot at 110.
The adjustment bonds are payable at will, and also the income bonds so
reported. The operations of the New7 Jersey Central only, exclusive of
leased lines, showed gross earnings of $4,317,218 and net earnings of
$1,371,580 in 1879; $5,300,970 gross anti $2,145,222 net in 1880; and
in 1881, $0,594,883 gross and $2,230,018 net. On Jan. 1, 1882, the
uet floating debt was $2,412,562, against $1,900,754 in 1881.
A de¬
tailed statement of assets in stocks. Ac., owned was published in V. 35,
Gross revenue on all lines had been as follows prior to 1879 r
p. 130.
to
in
Gross
Net
-Paid from Net Earnings-
Leases.
Interest.
Dividends.
Earnings.
$983,113
$0,983,173
$3,188,409
$515,000
$075,009
5,753,413
503,114
2,484,846
700,345
5,589,520
2,302,770
099,134
734,500
—(V. 32, p. 205, 231, 390, 420, 444, 454, 408, 635 ; V 33, p. 23. 93,
635; V.
528, 502, 559, 022, 080, 743; V. 34. p. 145, 189, 203. 230, 203, 290,
315, 434, 459, 487, 488, 521, 574, 003 ; V. 35, p. 130, 213.)
Central Ohio.— Dec. 31,1881, owmed from Bellaire, O., to Columbus, O.,
«137 miles. Chartered in 1847 and opened in 1854. Reorganized in
1865. Leased to t he Baltimore & Ohio, for 20 years, Nov. 11, 1800;
rental, 35 per cent of gross earnings. Feb. 23, 1880, the lease was
extended to Deo. 1, 1920, witli the option of renewing for terms of 20
years perpetually.
In 1879-80 gross earnings were $1,003,505; net,
$311,454; lease rental, $351,247. In 1880-81 gross $1,030,025; net,
$228,267; least' rental, $352,108. The road between Newark A Col¬
umbus (33 miles) is owned jointly with the Pittsburg Cincinnati & St.
Louis RR. Co.
(V. 34, p. 488.)
Central Pacijlc.—Dec. 31, 1881, owned from San Francisco, Cal., to
Ogden, Utah, 883 miles, and auxiliary lines, 332; total, 1,215 miles;
operated under lease or contract—the Southern Pacific in California,
Arizona and New Mexico, California Pacific. 115, and others. 299;
total, 1,052 miles; total length of road operated and accounted for Jan.
1, 1882, 2,805 miles.
This was ;i consolidation (August 22, 1870) of tlie; Central Pacific,
California Si Oregon, San Francisco A Oakland, San Francisco A Alameda
and San Joaquin Valley railroads. In connection with the Union Pacific,
the Central Pacific forms a continuous line from San Francisco, Cal., to
Council Bluffs, la. (1,918 miles), and there connects with the lines east¬
ward. Construction was commenced in February, 1803, and the main
line (Sacramento to Ogden) opened May 10. 1809. The Union Pacific was
completed on the same day. The prices of stock have been as follows:
Earnings.
1882.
1881.
1882.
1881.
98*4- 86
100*2- 89 34
July
97 *s- 91
92 - 80
94 - 87*2
93*4- 80 *e August
89 *2- 83*2 Sept’ber
92-"V 87*±
98 - 88*2
89 - 83*2 October
90%- 90*2
April.... 91i>4- 88
98 V 86
Nov’ber
973s- 93
May
913s- 88*2
June
9238- 80*2 102 V 94 *2 Dee’ber
9538- 88 78
A brief abstract of the annual report for 18S1 in the Chronicle, V
3i, 1>. 400, had the fullowin,
Jan
Feb
March
947e- 87*4
...
-
INCOJ1E ACCOUNT
1881.
Gross
earnings from transportation
Operating expenses, including rentals
If
...
Net earnings
Income from other sources—
Land bonds redeemed from proceeds of land
sales
Express contracts
Sinning fund earnings
Dividends on investments
Total
187-90
3 mos. notice
April 10,1870
1890
.
do
do
do
do
Nov., 1902
July 1. 1899
May 1, 1908
1887
Q-M. N. Y„ Cent.’ KK.'of N. J.
M. A N.
do
do
J. & J.
do
do
M. A N. N. Y.. Cent. RR. of N. J.
J. A J. Balt., at B. A O. office,
do
do
J. & J.
do
M. & S.
do
F. A A. N. Y. A San Francisco.
N. Y., Fisk & Hatch.
J. A J.
J. A J. Sacram’o State Treas.
A. A O.
N. Y., Fisk & Hatch.
J. & J.
U. S. Treasury.
N. Y„ Fisk & Hatch.
J. A J.
U. S. Treasury.
J. AJ.
N. Y., Fisk & Hatch.
J. & J.
New York A London.
J. & J. N. Y., Cent. Pac. Office.
N. Y., Fisk & Hatch.
A. A O.
M. A N.
N. Y. and San Fran.
J. A J. N. Y., Nat. Park Bank,
do
do
A. A O.
A. & O. Philadelphia, Penn R.R.
2,080,000
087,000
0,230,000
3,285,000
2,000,000
500,000
500,000
June 1,1900
May 1, 1888
July 1, 1921
May i. 1908
July 29,1882
July 29,1882
Sept., 1890
Aug. 1, 1882
1895 to ’98
July 1, 1884
Oct. 1, 1900
1895 to ’98
July 1, 1899
1899
Jan. 1, 1888
Jan. 1, 1892
July 1, 1890
Oct.
1890
Oct.
1888
1895
1910
1, 1901
1,
May 1,
Jan. 1,
Jan. 1,
288,900
Chert']! Valle)! Sharon & A thany—Stock
Ches. Ohiod Southwest.—1st M., gold ($19,000 p. m.)
Years.
July 15,1899
do
do
do
do
do
Q-J.
1,970,000
6,000,000
500 Ac.
York, Office,
New York, at office,
do
do
M. A N.
J. & J.
2,500,000
59,275,500
25,883,000
1,500,000
6,000,000
25,885,000
2,010,000
100
1865-8
F. A A.
M. & N.
411,550
1,000
New
do
1911
Q.-j.
3,553,000
5,000,000
5,550,000
2,437,950
100 AC.
....
Am. Dock A
,r. a j.
A. A O.
$3,700,000
500 Ac.
359
Central of New Jersey—Stock
15870.:
1879
1880
1881
189
Central Iowa—1st mortgage
Income bonds, “debt certificates,” payable at will
1830.
$24,094,100
13,859,300
$20,508,113
12,045,009
$10,234,794
$8,402,444
420,000
200,000
592,656
262,500
3 48,140
20*000
$11,529,950
(?)
New York.
54,855
$9,320,056
N. Y., Ex. Norton A Co,
Feb. 1. 1897
(?)
0-8
500.000
F. A
A.
1881.
Buy meats from income—
1880.
$3,508,291
Interest
Taxes, legal and miscellaneous
720,121
Dividends. I
3,556,530
Requirements U. S. account of 1802-4 and
1878, estimated at maximum
$3,715,325
827,941
1,200,000
$8,984,943
Total
Leaving
a surplus
and loss of
3,406,530
$7,949,796
carried to credit of profit
$2,545,007
$1,370,260
Earnings and dividends for several years have been as follows:
Net
Gross
Ave.
Dividend
Operating
to Stock.
Accounts.*
Years. Miles.
Earnings.
Earnings.
1870.. 1,425
$10,990,210 $7,857,211 $9,130,005 $ 1,342,040 (8)
1877.. 1,783
10,471,144
7,774,418
8,096,720
1878..
1879..
1880..
1881..
1,941
17,530,858
8,780,312
2,178
2,300
17,153.103
20,508,112
10,207,802
12,045,068.
8,750,540
0,945,300
4,3 42,040 (8)
8,402,444
3,400,530 (6)
10,234,793
13,859,300
3,550,536 (6)
Leased lines rentals included in operating expenses since July, 1878.
The land department makes the following exhibit: Total grant from
tlie United State's (12300 acres per mile), 7,997,000 acres ; grant to
the California A Oregon Railroad, 3,724,800 acres; total, 11,722,400
Tile ,-iuds have been sold mostly on five years’ time, wTitli a cash
acres.
payment of 20 per cent at time of purchase. There had been sold prior
to the execution of the land mortgage, October 1, 1870, 127,637 acres
for $295,005, and since 1875 yearly sales as follows : 1870, 36,503
acres, at an average of $7 5 4 per acre.; 1877, 92,6 47 acres, at $12 99^;
1878. 78,100 acres, at $8 242:j78; 1879, 43.258 acres, at $> 22*^; 1880.
114,852 acres, at $3. (V. 32, p. 09. 93, 121, 154. 199, 231, 658 ; V. 33,
p. 73, 153, 254, 327, 328, 730; V. 34, p. 175, 406; V. 35, p. 124, 213.)
Charlotte Columbia d Augusta.—Sept. 30, 1881, owned from Charlotte,
N. C., to Augusta, Ga., 191 miles.
In November, 1881, leased Atlantio
Tennessee A Ohio Railroad, Charlotte to Straitsville, 47 miles. Consoli¬
dation (July 9,1809) of the Charlotte A South Carolina and tlie Columbia
A Augusta. The road has been under the control and management of
the Richmond A Danville since 1878. Gross earnings 1879-80, $541,110; net, $184,500; gross in 1880-81, $020,919 ; net, $211,990. There
are, in addition to the above, bonds, $189,500 of old Columbia &
Augusta bonds vet outstanding, due iu 1890. Stock issued, $2,578,000.
-(V. 32, p. 467, 577; V. 33, p. 730; V. 3 4, p. 59.)
Chartiers.—Dee. 31, 1881, owned from Mansfield, Pa., to Washington,
Pa., 23 miles. Chartered as C. Valley in 1853 and opened in 1856.
Sold under foreclosure, and reorganized in 1871. Leased for 99 years
from January 1, 1872, to the Pittsburg Cincinnati & St. Louis; the
rental is net earnings. Gross earnings in 1880, $93.733; net income,
all sources, $31,730; in 1881, cross earnings, $L10,031; net income,
$38,218. Capital stock, $048,302: (V. 32, p. 498.)
2,707
24,091.100
*
Cherry
Valley Sharon
Albany.— Sept. 30, 1881, owned from
d
Cobleskill, N. Y., to Cherry Valley, N. Y., 21 miles. Chartered in-1869
and opened in 1870.
Leased on completion to Albany & Susquehanna.
Sold to Delaw are A Hudson Canal Co. for $320,119. Rental $21,000 a
year.
Capital stock, $288,900, and funded debt. $10,000.
Chesapeake Ohio d Southwestern— July, 1882, owrned from Louisville,
Ky., via Paducah to Memphis, Torn., 396 miles. This road fonus the
w estern connection of the Chesapeake A Ohio and the Lexington & Big
Sandy and the Huntington system of roads when finished will reach from
Ches. Bay to Memphis, and from Louisville to Memphis. The company
purchased the Memphis Paducah A Northern—Paducah to Memphis—
and the Paducah A Elizabethtown, subject to the $500,000 mortgage on
the latter, and leased the Ceciliau Branch of Louisville & Nashville,
from Louisville to Cecllian Junction, with option of purchasing it,
making 390 miles of road altogether. Branches of 50 miles are also
projected. Stock authorized: Common, $0,300,000, and preferred,
$3,500,000. Gross earnings for year 1881 on 350 miles, $789,182; net,
$174,796. (V. 34, p. 055; V. 35, p. 71, 78.)
Chesapeake d Ohio.--Dec, 31, 1881, owned from Richmond, Va., to
Newport News, 503 miles; branches 9 miles; total operated, 512 miles.
Consolidation of Virginia Central and Covington A Ohio, and opened
through March 1, 1873. Tho old company defaulted in 1873 and
the road was sold under foreclosure Ajiril 2, 1878, for $2,750,000,
and reorganized under present auspices. The Eliz. Lexington & Big
Sandy Railroad connects outlie west, and in 1881 an interest in the
Elizabethtow n A Paducah, the Memphis Paducah A Northern and the
Kentucky Central roads was purchased for this company.
For fifteen months ending Dec. 31, 1881, the net earnings were
$032,538, or, charging off $ 424,659 extraordinary expenses included in
operating, the net earnings w7ero $1,057,197. Earnings and expenses
were as follow s iu 1881, the fiscal year
having been changed to ena
Dec. 31 instead of
254,017
Aug. 1, 1911
Aug., 1911
7,524,000
Years.
Sept. 30:
■
Gross
Earnings.
$1,930,300
1,891,542
2,514,245
1881
2,705,343
Under the reorganization tlie stocks are
Operating
Expenses.
$1,594,739
1,507,332
1,945,018
2,207,403
as follows
to July
Net
384,209
569,227
337,940
l;1882t
m
will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Subscribers
DESCRIPTION
v^iiiiritioii of
-r
Miles
column headings, Ac., see notes
Fl,rexplanation^^ pft^eof
mortgage,
toblw.
(interest ill stock or easli)
it,
Ext"mUm ■ ■ ■
preft ned
ihes/iirc—^tocK,
sterling, for
Jacii.^o
en^or8edby C.
& A..
2d M. endorsed by C. & A..
2d mortgage
t
Missouri, lst mortgage..
2(1 mort.fint. guar. C. A A.)
L0Udo
dn
do
■
guar. pref. stock
ttonds for K.C.St.L.A C. line, s.f. $60,000 after’79
Preferred stock do
guar. C. & A
do
d0
nuisiaiia &
•
do
do
stock
do
& A bonds on Miss. Riv.
Common
Consolidated mortgage coupon, (for
$30,000,000)
Trust mort.ou Iowa lines,coup.or reg.(s.f. 1 % p.c.)
Ronds (Repul).Val. and Bur. & Col.bonds pledged)
Bonds for Kan. C. St, J. & C. B. stock
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
<
38
150
37
37
150
101
101
Peoria A Hannibal, lst, cp.,
$1,588,000
2,000,000
1,000
•
•
1873
1863
1862
....
1864
1864
1*868
1868
1870
1877
....
....
....
....
....
40
but may be rg.
500 Ac.
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
....
1858
1873
1879
1881
188 L
100
96
1.000
1,000
100
1877
1880
15,000,000
10,122,500
2,000,000
2,100,000
80O.000
11,181,400
2,425,400
4,379,850
100
....
....
500 Ac.
100
100
1878
....
100 Ac.
100 Ac.
,
•
....
257
1682
466
825
740
1,000
100
162
-
P
Bridge, lst mort., gold
Chicago & Atlantic-lst mort., gold ($25,000 p. m.).
$1,000
....
*
lst M
Outstanding
....
322.
£900,000...
jS&ChicagoVv per1st mortgage
cent.‘stock!!'!!!.!!!.!!...
a? nuis Jack. A Cli.,
t
8t. Louis
Value.
•
677
649
not cumulative)
Amount
1881
....
stock
General mortgage,
1st mortgage
or
Par
....
1,000
1,000
1,000
2,383,000
1,083,000
1,500,000
2,365,000
564,000
188,000
360,000
439,100
300,000
262,100
2,874,000
1,750,000
189,900
700,000
6,500,000
69.814,191
2,412,000
13,986,000
11,707,000
1,000
7,968,000
4,300,000
641,000
653,000
547,475
390,000
545,500
1,000
....
....
....
....
1872
18-75
1869
Bonds—l’rinci
INTEREST OR DIVIDENDS.
Size,
1878
1878
1878
1878
428
503
428
428
75
64
gold, ^y
cur.
o,
of
Road. Bonds
bonds...
1st
Date
of
1,000
1,000
500 Ac.
Rate per
When
Where Payable, and by
Whom.
Payable
Cent.
6 g.
6 g.
6 g6
6
J.
A.
M.
J.
A.
J.
J.
1%
A
&
&
&
A
A
&
M. &
M. A
J. &
J. A
A. A
6
4
4
6 g.
7
7
1%
J.
O.
Company’s office.
J.
O.
J.
J.
8.
8.
J.
J.
0.
Q.-J.
7
7
7
7
7
7
A.
A.
3.
J.
F.
M.
F.
M.
3%
6 g.
1%
A
A
A
A
A
A
A
Si
Stocks—Last
Dividend.
N. Y., Fisk A Hatch.
do
do
N.
pal,When Due.
O.
0.
J.
J.
A.
N.
A.
N.
Q.-F.
tlo
do
July
July
July
July
1898
1908
1908
1918
Jan.
do
do
1,
1,
1,
1,
1,
1911
Boston, Office.
July 15, 1882
do
do
July 1,'96&’98
N.Y.,Jesup, Patou A Co. Sept. 1, 1882
do
do
Sept. 1, 1882
Lond’n.J.S.Morgan ACo. July 1, 1903
Jan., 1893
N.Y.,Jesup, Patou ACo.
do
do
Jan., 1883
N. Y. U. S. Trust Co.
July, 1882
N.Y.,Jesup, Paton ACo. April, 1894
do
do
April 1, 1894
do
do
July, 1898
do
do
July, 1898
do
do
Aug., 1900
(io
do
Nov. 1, 1900
do
do
Aug. 1, 1882
do
do
May 1, 1903
do
do
Aug. 1, 1882
Ill Tr A Sav Rk
Chic
May 20, 1881
N.Y.,Jesup, Paton ACo. Oct. 1, 1912
New York.
May 1, 1920
N. Y., Bk. of Commerce. June 15,1882
N. Y., Bk. of Commerce. Jan. 1, 1883
N. Y.N.Bk.of Com. ABost July 1, 1903
N. Y., Bk.of Commerce.
Oct. 1, 1919
do
no
Feb. 1, 1922
do
do
Sept. 1, 1921
Frankfort.
July 1, 1890
N.Y., N. Bk. of Com’rce. Oct. 1, 1890
7*40
6 " A.’AO.
6 g. M. & N.
2
Q.-M.
8
J. & J.
7
J. A J.
4^5
A. & O.
4
F. A A.
4
M. A S.
4 g.
J. A J.
7
A. A O.
7
J. A ,T.
Boston, Co.’s office.
5
J. A D.
Boston, Co.’s Office.
8
J. A J. N.Y., N. Bk. of Com’rce.
Jan. 1,
June 1,
1896
1895
July, 1889
1879.
1880.
1881.
preferred stock—first, $7,922,803; second,
$
$
bonds take interest in first preferred stock till
$
$
448,261
155,961
147,418
171,662
November, 1831; in 1881-82 3 per cent cash and 3 per cent stock; in Taxes*
865,109
765,776
854,359
1882-83 4 per cent cash and 2 p. ct. in stock, and thereafter all cash. The Dividends
1,077,976
29,500
2,000
102,006
second mortgage currency bonds till July, 1884, take interest in second Miscellaneous
232,510
30,737
30,737
30,737
preferred stock, then for two years partly in that stock and partly cash, La. & Mo. R. b’d acct.
and afterwards all cash, if the earnings are sufficient but “ all interest
Total disbursem’ts.
2,503,983
,400,341
not paid in cash to bo paid in second preferred stock.” The cash interest
2,973,871
3,772,788
del’. 174,053 sur .338,815 sur.921,035 def. 57,970
1881-’82, and runs up to
on series “B” begins at $150,000 per year in
$900,000in 1883-’84 and after. First pref. stock has prior right to 7
per cent from surplus; then 2d pref. to receive 6 percent; both classes
precede the common. (V\ 32, p. 154,544; V. 33, p. 467, 517, 553, -(V, 32, p. 264 ; V. 33, p. 47, 224, 641; V. 31, p. 31, 86, 262 ; V. 35,
p. 188.)
715, 743 ; V. 34, p. 85; 264, 2 2, 343, 547, 548, 636; V, 35, p. 182.)
Cheshire.—Sept. 30,1881, owned from South Ashburnhaiu, Mass., to
Chicago <£ Atlantic.—Road in progress from Marion, O., on line of N. Y.
Common, $15,906,138;
83 492 164. The “B”
1878.
Bellows Falls, Vt., 54 miles; leased, Mouadnock ItR., Wincliendon to
Peterboro, N. II., 16 miles; and 10 miles Vermont A Mass; total oper¬
ated, 80 miles.
$51,000 rental paid to Vt. A Mass.for leased portion
Gross earnings in 1830-81, $622,595; net earnings, $135,410.
Capital stock—common, $53,300, and preferred, $2,100,000.
Chicago & A lion- December 31, 1881, mileage as follows: Joliet
to East 8t. Louis (main), 244 miles; Branches—To Coal City, 34 miles;
Dwight to Washington & Lae’n, 80 miles; Roodhouse to Louisiana, 38
miles. Total owned, 396 miles. Leased—Chicago to Joliet, 37 miles;
Bloomington to Godfrey, 150 miles ; Louisiana to' Cedar City, 101 miles;
Kansas City to Mexico, 162 miles. Total leased, 450 miles.
Total oper¬
ated, Dec. 31,1880, 846 miles.
Chartered as the Chi. A Miss., Feb. 27,1847; reorganized under act of
of road.
Jan. 21,1857, as Chi. Alt. A St. L., and under act 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
The Joliet & Chicago is leased from Jan. 1, 1864,
present line in 1864.
the term of its charier, and forms part of the main line. Rental, 7 per
cent on stock and 8 per cent on bonds. The St. Louis Jacksonville A
Chicago is leased in perpetuity from April 30,1868, at u rental equal to
40 per cent of gross earuiugs until the amount reaches $700,000, with
a
miuinmm of $240,000 a year.
Common stock, $1,293,000; pre¬
ferred, $1,03 4,000; $4 50 paid on common aud preferred in August,
tor
1882.
The Louisiana A Missouri River Railroad is leased for 1,000
years from August 1, 1870.
Reutal, 35 per cent of gross earnings,
but interest guaranteed on 2d mort. bonds and pref. stock as above;
the other pref. stock is $1,010,000 and com. stock $2,272,700.
The
Chic. A Ill. River RR. was sold in foreclosure Sept., 1879, and pur¬
chased by this company. The Kansas City St. L. A Chic, was opened
through May 1, 1879.
It
was
built by the Chicago & Alton Company,
aud iH leased to said company in perpetuity from November 1, 1877. at a
rental of 35 per eeut of gross earuiugs, less taxes aud assessments. The
bonds are held by* United States Trust Company as security for the C. &
A. bonds of 1878 issued to build this
road, and a siukiug fund of
$60,000 per annum provided for their redemption. Should the 35 per
cent be more than sullicient to pay bond interest
aud 7 per cent on
the stock, the excess is to go to the lessees. The Mississippi River
Bridge
is leased in
perpetuity from December 3, 1877, at a rental of $03,000, to
he applied in
payment of 7 per cent on $200,000 stock, aud 6 per cent on
$700,000 bonds. Pref. stock has prior right to a non-cumuhitive divi¬
dend not exceeding 7 per ct. from net
earnings, and (after payment of /
on com.) also shares with com. in
any surplus. Prices of stock have been:
-Common.-Preferred.
1881.
1882.
1881.
1882.
January
135 -128
153 -153
156 -149
149 VI4 9%
February.... 135 %-l 28%
15014-134
March
141 -140
111 -"in 6
132^ 127%
April..
132 -123%
145 -145
140 VI32
130 -130
May...
147 -147
147 -135
134%-130%
June...
134 -129%
150 -150
147
139
July...
141 -133
142 VI35
August...
143 -127x
September
132 VI2 8
October
130 VI2 7
140 -140
November
137 VI29
December
134 -127%
Annual report for iss’i in V. 34, p. 262.
Operations, earnings, Ac.,
have been us follows for four
years past:
-
INCOME ACCOUNT.
1878.
Totaligr
gross
Aei
earnings.
Receipts—
$
4,671,519
2,156,385
Other receipts
173,545
Total net income..
Bisbursemetils—
2,329,930
Rentals paid
construction
hi
$
595,125
& C. net
$
5,755,677
1880.
1881.
$
$
7,557,740
7.687,225
2,706,156
33,000
3,625,401
269,505
3,408,027
306,791
2,739,156
$
3,894,906
$
1,067,991
3,714,818
$
1,096,995
754,913
*102,175
561,279
earnings, which were
accordance with agreement.
1879.
Penn. A Ohio, to Chicago, 257 miles. Built as a connecting line for N. Y.
P. A O. and N. Y. Lake Erie & West., aud both these companies guaran¬
tee the gross earnings on business over their roads to and from the
Chic. A Atlantic, as security for interest on the bonds. Stock, $10,000,000.
(See V. 33, p. 23; V. 34, p. 603; V. 35, p. 51, 211.)
Chicago Burlington <& Quincy.—Dec. 31. 1881, mileage was as follows :
Main line—Chicago to Burlington, 205 miles; Burlington to Plattsmouth,
281 miles; branches—Central Depot, 2 miles ;
to Quincy, 100;
Galesburg to Peoria, 52
Shabbona to Rock Falls, 46; Mendota to East Clinton, 62; Buda to Elm¬
wood, 44; Galva to New Boston, 50; Keithsburg Junction to Keithsburg, 5; Burlington to Carthage, 30; Carthage to Quincy, 40; Sterling to
Alton Junction, 260; Cleveland Junction to Cleveland, Ill., 2; Port
Byron to Rock Island, 7; Keithsburg to Sagetown, 17; Keokuk to Bur¬
lington, 42; Chariton to Leon, 38 ; Chariton to Indianola, 33 ; Chariton
to Cliillicotlie, 15; Creston to Hopkins, 45; Creston to Fontenelle, 28;
Red Oak to Hamburg, 40; Red Oak to Griswold, 18; Burlington Junc¬
tion to Villesea, 35; Hastings to Sidney, 21; Hastings to Carson City,
16; Albia to Knoxville, 33; Knoxville to Des Moines, 35 ; Leon to Grant
City, 57,; Albia to Moravia, 11; Bethany Junction to Albany, 47; Platts¬
mouth to Kearney Junction, 191; Omaha to Oreapolis, 17; Crete to
Beatrice, 30; Beatrice to Wymorc, 12; Table Rock to Wymore, 38;
Wymore to Endicott, 27; Nebraska City to Central City, 150; Nehama
City to Nebraska City, 27; Nehama to Calvert, 9; Hastings to Indian¬
ola, 148; Indianola to Culbertson, 23; Amboy to Hubbell, 52; Hubbell
to Endicott, 24;Atoliison to Columbus, 221 ; total owned Dec. 31, 1881,
2,828 miles; leased —Quincy to East Louisiana and Branch to Hannibal,
46 miles; used jointly—Alton to East St. Louis, 21 miles; Hamburg to
East Nebraska City, 10; Pacific Junction to Council Bluffs, 18; Canal
Street to Union Depot, 1; total, 96 miles; total operated Dec. 31, 1881,
2,924 miles; controlled: Kansas City to Council Bluffs, 199 miles (28
miles of which included above under “leased;” Council B. to U.P. transfer
grounds, 2 ; Winthrop Junction to Atchison Bridge, 1; Main Line to East
Nebraska City, 2; Amazonia, Mo., to Hopkins, 50; Bigelow to Burling¬
Junction, 32; Corning to State line, 30; grand total, 3,212 miles.
was al.-o under construction December 31, to be completed during
1882, 308 miles additional. The extension to Denver was opened May,
ton
There
1882. Also bud control of the Burlington & Southwestern RR., the St.
Joseph & Des Moines,RR,, and leased the St. Louis Keokuk A Northw.
RR., and (jointly with Wabash) the Ilumeston & Shenandoah RR.
Tlic Chicago Burlington A Quincy was a consolidation (Jan. 1, 1873)
of the Clig-.Hgo Burlington A Quincy in Illinois and the Burlington A
Missouri River in Iowa. The Q. A. A St. L. was leased m perpetuity
from Oct. 1, 1876, at a rental of $42,000 a year. The St. L. R. I. & C.
was leased from Oct. 1, 1876,
at a rental of $175,000 a year.
In
the Burlington A Mo. in Nebraska was absorbed, 630 miles,
including leased lines.
A stock dividend of 20 per cent was then
made. The Republican Valley RR. stockholders were given a deferred
stock entitled to no dividends before Jan. 1, 1885, but iu Oct., 1881, the
Chic. Bur. A Q. stock was given for this, iu the proportion of three
shares for four. The C. B. A Q. 4 per eeut bonds were issued against
1880
Rep. Valley and Bur. A Col. 5 per cent bouds held in trust, and an equal
amount of Rep. Valley stock scrip was also issued to subscribers to the
bonds, such scrip being exchanged April 1, 1882, into Chi. Bur. A Q.
stock. See V. 33, p. 328. The Kan. City St. Jo. A Council Bluffs and
branches was purchased, 254 miles, and the C. B. & Q. 4 per cent bouds
due Sept. 1, 1921, issued to pay for it. New stock to amount of 10 per
cent of old issued at par to stockholders of record Jimo 30,1882.
The Chicago Burlington A Quincy ou its leases of the numerous branch
roads usually gave them a traffic guarantee of 40 or 50 per cent for pur¬
chasing their bonds. Enough of the C. B. & Q. consolidated mortgage
is reserved to take up prior debts. The bonds of 1876 for St. Louis Rock
Island A Chicago Railroad are plain bonds of Chic. Burlington
offset by mortgage of like amount on St. Louis Rock Island
road deposited with trustees. Prices of stock have been:
431,644
771,360
Jan
Feb
Mar
762,001
Apr
devoted’to construction,
Galesburg
Yates City to Lewiston, 30; Lewiston to Rushville, 33; Aurora to Turner Junction, 12; Geneva to Streator, 67;
;
1882.
138 -132%
May
136V128
135%-127%
134 VI28%
133% 129%
June
132
-127%
1881.
182%-16738
175
-160
10934-101%
100%-162
173
171
-165
-162%
July...
Aug
Sept...
..
1882.
135 -127
.
...
.
Oct
Nov....
Doc....
•
-
& Quincy,
A Chicago
1881.
165V154
101%-149
160x-l47%
luo-Avo
145 -136%
x13958-133%
Subscribers will confer a great favor
lirst page
Date
of
Road. Bonds
of tables.
Chicago Burlington d Quincy—( Continued)—
Ottawa, Oswego A Fox Riv., 1st m 1 Coupon, 1
Illinois Grand Trunk, 1st mort.... > but may be >
70
44
40
270
46
281
40
Quincy A Warsaw, 1st moot
) registered. )
B’ds for St. L. R. I. A C. (sink, fund $50,000) coup.
url. A Alton A 1st on r’d &400.000ac’s I’d >
§,uincyMo. Riv., St. Louis, 1st mortgage, quar Cp.
do
1st M. on br.,C.B.AQ.stk.(5th ser.) > or
do
Conv. bonds, C.B.AQ.stk.(6tk ser.) ) reg.
Bun. A Mo. in Neb., bonds, convert, till Jan., 1882
do
consol.M.for $14,000,000, s.f. $30,000
do
Omaha A 8.W., 1st M., guar
Burl. A Mo. bonds, s. f. for Atch. & Neb. RR. stock
Nebraska consol, mort., guar
~
191
49
133
Republican Valley RR., bonds
149
Atchison A Nebraska. 1st mortgage
Lincoln A Northwestern RR. bonds
Kansas City St. Jo. A C. Bl., mortgage
do
do
income bonds, reg...
Chicago d Canada Southern— 1st mort., gold
Chic. Detroit d Canada Or. Trunk Junction—1st M.
274
67
59
Chic, d East. III.—Stock
123
123
14
330
330
330
66
80
80
82
82
82
M.,coup. (8. f. $20,000 after ’85)
2d mortgage income (non-euinulative)
Extension, 1st mortgage
Chicago d Orand Trunk—1st mortgage, $ and £
2d mortgage, income
1st
2d mortgage for $6.000,000
Northwest. Grand Trunk, 1st mort
Chicago d Iowa—1st mort., coup., may
2d mortgage
be reg
Chicago Iowa d Nebraska— Stock
2d mortgage (now 1st) extended
3d
do
(now 2d)
Chicago Milwaukee d St. Paul—Com. stock
Preferred st’ek (7 p. c. y’rly, not cumulative).
The last annual
1870
1870
1870
1876
1876
1863
1869
1870
1873
1878
1872
1880
1877
1878
1880
1877
1877
1872
1859
1877
1877
1881
1880
1880
1882
1880
1870
1871
I860
1863
1,729
1.729
....
Size, or
Value. Outstanding
Miles owned and leased.
Miles operated jointly..
Total operated
Earnings—
Passenger
Freight
EQUIPMENT.
1879.
720,000
2,325,000
840,000
1,000
1,000
1,000
-
4,189,550
Ac.
Ac.
Ac.
Ac.
Ac.
76,000
169,500
43,000
-
11,441.200
1,000
728.000
1,000
3,347,000
571,000
939,000
1,000
1,125^000
100 Ac.
600,000
4,495,522
2.488,174
2,541,000
1,095,000
3,000,000
100 Ac.
100
1,000
100
100
100 Ac.
100 Ac.
3.000,000
767,000
1,000
£100 Ac
500
250,000
5,174,176
500 Ac.
2,530,500
3,000,000
654,656
1,000
1,000
600,000
1,150,000
100
100 Ac.
500 Ac.
100
100
3,916,200
256,000
1,000
1880.
1881.
1,760
2,675
2,826
97
97
98
1,857
1,709
$
$
2,439,180 2,566,652
2,772
$
3,534.209
16,054,197
903,641
2,924
$
3,616,086
16,595,819
1,112,245
11,152,179 11,650,623
526,306
599,831
890.500
500 Ac.
50
500
500
500
600
Rate per
Cent.
$1,076,000
$1,000
report was published in the Chronicle, V. 34, p. 433*
1878.
1.604
105
Amoimt
Par
Comparative statistics for four years are as follows:
ROAD AND
[Vol. XXXV.
discovered in tbese Tables.
by giving Immediate notice of any error
Miles
of
of column headings, Ac., sec notes
on
:
INTEREST OR DIVIDENDS.
DESCRIPTION.
For explanation
AND BONDS.
STOCKS
RAILROAD
XXII
211,500
20,404,261
14,401,483
•
8
8
8
5
5
7
8
8
8
6
8
4
7
6
7
7
7
6
7 g.
6
3
6
7
6
6 g.
7
5
6
8
8
4
5
7
3*2
3*3
When
Payable
pal.WUen Uat,
Stock*—i*.:
Where Payable, and by
Whom.
Dividend.
J.
A J. New York and Boston.
A.
J.
A.
F.
A
J.
J.
J.
J.
J.
A.
A
A
A
A
A
A
A
A
A
A
A
A. A
O.
J.
O.
A.
O.
J.
J.
J.
J.
D.
O.
O.
J.
S.
J.
J.
O.
O.
J.
8.
July, 1900
Boston.
1890
N.Y., N. Bk.of Comm’rce
Jiily, 1890
Boston.
Oct. 1, 190!
Feb- 1, 1896
Oct. 1, I893
N.Y.,Farmers’ L. A T.Co.
Boston and New York.
Boston, 49 Sears’ Bldg.
Juy 1, 1891
July 1, 1889
do
do
Boston, Office.
Juu. 1. 1883
do
do
July 1, 1918
June 1, 1896
Boston, N. E. Trust Co. Jan. 1, i9i0
Boston, Office.
Oct.
1, i896
J. A
Bost., 49 Sear’s Build’g.
M. A
Boston, at Office.
J. A
Boston.
J. A
Boston and New York.
A. A
Boston, at Office.
A. A
N. Y., Union Trust Co.
J. A
London, England.
M. A
New York.
J. A D. New York, 4th Nat. Bk.
Dec.
do
'
do
do
do
J. A J. New York and London.
July, 1918-19
N.Y., E.P.Beach.B’way.
July 1, 1930
Jan., 1922
Sept.
J.
J.
J.
J.
J.
J.
F.
A.
A
A
A
A
A
A
A
A
A. A
J.
J.
J.
J.
J.
J.
A.
O.
O.
do
Mar. 1, 1908
Jan. 1, 1910
Jan. 1, 1907
Jan. 1, 1907
April 1, 1902
July 1, 1884
Mar.
1, 1882
Dec. 1, 1907
Dec., 1907
Dec. 1, 1931
Jan. 1, 1900
do
Jan.
Jan.
N.Y., E.P.Beach.B’way.
New York and Boston.
1, 1910
1, 1900
do
do
Aug. 1, 1901
Boston, by Treasurer.
July 1, 1882
Boston, Merchants’ B’k.
July, 1889
N. Y., Nat. Park Bank. Aug. 15,1894
New York, Office.
April 15,1882
do
do
miles. Chartered in 1869 and opened in 1872. In hands of a Receiver for
two year and a-half. and sold Mar. 9, 1878, in foreclosure of second mort
gage of $1,150,000, but the sale and all foreclosure proceeding were*
canceled and overdue coupons were paid.
Gross earnings for year
ending June 30, 1881, were $563,055 aud net earnings $243,800. Cap¬
ital stock, $1,328,000, and funded debt, $1,750,000; total stock and
bonds, $3,078,000. Cost of road and equipment, $3,418,479. This road
is used by the Chic. Burl. A Quincy to connect with the Ill. Cent., and in
Feb., 1882, passed into control of Chic. Bur. A Q. (V. 33, p.99,124,
321 ; V. 34, p.264, 343.)
Chicago Iowa d Neb.—July 1,1881, owned from Clinton, la., to Cedar
Rapids, la. (all steel), 83 miles. Chartered in 1853 aud opened in 1858.
Bridge over Mississippi opened in 1856. Leased to Galena A Cliic. Un. at
Total gross earnings...!L4,119,665 14.817,105 20,492,047 21,324,150 37*$
per cent of gross
9,362,904 10,574,357 maximum rental by earnings, and now operated by Chic A Northw.; the
Total operat’g expens. 7,533,135 7,228.222
subsequent agreement not to exceed $500,000 a
year. Rental for 1881, $473,974; interest, $32,386; dividends (9 per
6,586,530 7,588,883 11,129,143 10,749,793 cent), $352,458.
Net earnings
Mail, express, Ac
INCOME ACCOUNT.
1878.
Net earnings
1879.
$
6,586,530
$
7,588,883
6,586,530
$
7,588,883
Net B. A M. land grant.
Total income
Disbursements—
Rentals paid
Interest on debt
Taxes
$
1880.
$
1881.
$
11,129,143
899,315
10,749,793
12,028,458
$
11,920,230
$
1,170,437
155,695
179,093
203,006
2,155,972
2,110,938
328,844
3,282,718
3,081,985
230,493
4,366,064
563,385
310,668
3,430,454
492,154
4,349,286
687,246
423,085
1,000,000
1,250,000
1,000,000
•*603,437
Dividendst
2,212,827
223,313
Carried to sinking fund.
Accounts written oiF....
Transf’d to renewal f’nd 1,000,000
441,590
........
7,354,438 10,106,763 10,269,808
1,650,422
234,445
1,921,695
235,286
*
Including $264,456 foi taxes of 1873 and 1875.
t In 1878, 8 per cent; in 1879, 8 ; in 1880, 9*4; in 1881, 8.
—(V. 32,p. 15,44, 121, 231, 347, 365, 541, 544, 658; V. 33, p. 124, 201,
224, 281, 305, 328, 384, 468, 559, 589, 622, 686; V. 34, p. 19, 86, 264,
290, 315, 343, 377, 419, 433, 575, 625, 636, 663,687,714; V. 35, p. 96.)
Chicago d Canada South.—Dec. 31,1881, owned from Grosse Isle, Mich,
to Fayette, O., 67 miles. On Nov. 1, 1879, it was transferred to the Lake
Chore & Mich. South. It has a capital stock amounting to $2,667,400
frnd a bonded debt of $2,541,000, and owes upwards of $1,500,000 over¬
due coupons. Original cost, $5,176,557. It is a part of a projected line
between Chicago and Detroit River, but failed in 1873.
Total disbursements.... 6,351.244
Balance, surplus
Chicago Cincinnati d Louisville.—Dec. 31,1880, owned from Peru,
Ind., to La Porte, Ind., 73 miles. Opened in 1858. It is a reorganiza¬
Chiccao Milwaukee d St. Paul.—Dec. 31, 1881, tbe following was
officially reported as tbe mileage owned and operated Chicago to Mil¬
waukee, 85 miles; Milwaukee to La Crosse, 196 miles; La Crosse to8t.
Paul, 130 miles; Milwaukee to Prairie du Chien, 194 miles ; Mazomani#
to Prairie du Sac, 10 miles; Milton to Shullsburg, 77 miles ; North Mc¬
Gregor to St. Paul, 212 miles ; Conover to Decorah, 9 miles; Meudota
to Minneapolis, 9 miles; Rockton to Rockford, Ill., 16 miles: Calmar to
Marion Junction and beyond, 300 miles ; Marion towards Council Bluffg,
198 miles; Austin to Mason City, 39 miles ; Hastings to Aberdeen and
beyond, 272 miles ; from Aberdeen south, 33 miles; Davenport to Dear
Fort Atkinson, 153 miles; Watertown to Madison, 37 miles; Madison
to Howard City, 22 miles; Milwaukee to Portage, 98 miles; Mad
i8on to Portage, 39 miles, Sparta to Melvina, 12 miles; Lisbon to Necedah,
13 miles; Wabasha to Zumbrota, 59 miles; Horicon to Berlin and Winneeonne, 57 miles; Ripon to Oshkosh, 20 miles; Sabula to Cedar Rapids,
92 miles; Paraltato Farley, 44 miles; Racine to Rock Island, 197 miles;
Eagle to Elkliorn, 17 miles, and Eldridge to Maquoketa, 32 miles; Glen¬
coe to Orton ville and beyond. 206 nine.-; La Crosse to Madison, 375
miles; La Crescent to near Sabula, la., with branches, 324 miles;
Tomah to Jenny, 109 miles; Mineral Point to Warren, and branch, 51
miles; Chicago to Lanark Junction, 115 miles; Sioux City to Yankton,
with branch, 131 miles; Minneapolis to Burton, 28 miles; from Bridgewater west, 80 miles; Dell Rapids to Sioux Falls, 19 miles; and small
branches, amounting in all to 127 miles; total operated, 4,217 miles.
The Milwaukee & St. Paul Railroad Company was organized May 5,
1863, and embraced a number of other companies, including the Milwau¬
kee & Mississippi, the Prairie du Chien, the Lacrosse A Milwaukee, and
others. The Milwaukee & St. Paul afterward purchased the St. Paul Sc
Chicago Road and others, and built the line from Milwaukee to Chicago,
The
bonds
and ob February 11,1874, the company took its present name.
Western Union Railroad was leased in 1879 for 999 years, and the
by tbe issue of tbe Chic. Mil. & St. Paul bonds secured by
Of the consol, mort. bonds of 1875, enough are
reserved to take up the prior bonds. The latter had a sinking fund or
1 per cent per annum, hut holders may have their bonds stamped and
Chicago Detroit d Canada Orand Junction.— Dec. 31, 1881, owned discharged from the operation of tbe sinking fund. In June, 1882, a
from Port Huron, Mich., to Detroit June., 59 miles. Opened in 1859. further issue of 20
per cent in stock was voted, of which 10 per cent
Leased to Grand Trunk of Canada. Operations, expenses, Ac., included was issued as a dividend to stockholders of record Sept. 15,1882, ana
In lessees’ returns. Rental, $112,500, out of which paid interest, $65,700,
10 per cent was sold to them at par.
and dividends, semi-annually, each 2 per cent, $43,800. Capital stock,
The preference of the preferred stock is a prior right to a non-cumma$978,984, and funded debt, $1,095,000. The road is owned by the tive dividend of not exceeding 7 p et cent from net earnings (except that
lessees, but a separate organization is maintained in Michigan.
$250,000 above interest on bonds-may be reserved as a working caPltaJt
Chicago d Eastern Illinois—June, 1881, owned from Dolton, Ill., before payment of the dividend.) After payment of 7 on preferred ana
to Danville, Ill., 107*a miles; Covington, Ind., to Coal Creek, Ind.. 9 7 on common, both classes sharejpro rata. Prices of stock of the Chicago
miles; Danville to Grape Creek, 7 miles; leased, Dolton fo Chicago Milwaukee & St. Paul have been:
Preferred.
—'
Common.
(C. & W. I.), 17 miles; Evansville T. Haute A C. RR., Terre Haute to Dan
tion of the Cin, Peru A Chi., and forms a part of the line from Indianap¬
olis to Michigan City. No information is furnished by the officers.
were
retired
mortgage on that road.
v
,
ville, Ills, 55 miles; Otter Creek to Brazil, Ind., 14 miles ; Danville, Ill.,
Covington, Ind., 13 miles. Evansville Terre Haute A Chicago leased
May 1. 1880, for $75,000 per year. The Chicago & East Illinois was
chartered as Chicago Danville. A Vincennes in 1865, and opened in 1872,
and 1873. Sold under foreclosure Feb. 7, 1877, and reorganized under
existing style 8ept. 1, 1877. The Louisville A Nashville purchased
8,000 snares of stock, as reported, and roads will be operated in har¬
mony. In March, 1882, the U. 8. Supreme Court reversed the decree of
foreclosure of the Danville road, but granted a rehearing. Report for
ten months to June 30,1881, in V. 33, p.411. (V. 32, p. 437,500; V. 33,
P- 100, 411,502; V. 34, p. 86,114, 175, 291, 316, 343, 548, 574, 636;
V. 35, p. 21, 78.)
Chicago d Grand Trunk—This is the consolidation of roads between
Detroit, and Chicago formed in April, 1880, under the control of the
Grand Trunk of Canada; 330 miles operated. It includes the former
Port Huron A Lake Michigan and the Peninsula roads, sold in foreclosure.
Stock, $6,600,000 in $100 shares. The Grand Trunk of Canada gives a
traffic guarantee of 30 per cent of gross earnings on business io and
from the Northwest Grand Trunk Road, to apply for 20 years on the
first mortgage interest and for 30 years on the Northwest Grand Trunk
interest. Gross earnings for 1881, $1,631,751 ; net, $199,726. (V. 34,
to
p.
86, 315.)
Chic, d Iowa.- June 30,1881, owned from Aurora,Ill., toForeston, Ill.,
80miles; leased, Flagg Centre to Buklord, 24 miles; total operated, 104
1881.
1882.
1881
1882.
-122
126*3-117
126 -120%
126*a-U9%
140 -125%
135%-132
138*4-128 u
» .nrt
132
123 -119*4
12278120
January
February....
11078-104*s
March..../..
118*4-108
114*8-106
126
April
May
11378-108^t
113*2-10931
113^-108
129 -1125s
122^-118^
322 -119
110*8-106*4
124*4-109*4
117*sj-101*3
June
11258-108
122*8-1H78
-l^u
128
129*4-120
July
August
September
October
November
December
-119*2
-120
*-135*8-127
12838-107*2
“tr
-
116*4-110*8
-
12238-llliflxp
-
112M-106
-
-
*
-
133^-24%xp.
12
HOVlOoSe
1087e-102 *4
121 -117
An abstract of the last annual report (for 1881) was published
Chronicle, V. 34, p. 519.
The report of the Land Commissioner states that in the I°wa^rir2
there were sold in 1881, and contracted to be sold, 158,344 acre?;
price of $721,851; and there was received on account thereof
cash, being $219,922 principal and $28,462 interest. In the
grant the sales aggregated 1,120 acres, amounting to $6,720.
remaining unsold Dec. 31,1881, were as follows: In
acres; in Minnesota, $314,426 acres; making a total of 500,958 acre*.
The following table shows the operations, earnings, capital accv
Ac., for four years:
-
intht
^
^
__
Milwaukee & St.
Date
Size, or
Par
of
Road. Bonds Value.
Miles
explanation of column Qf tables>
headings,
expicui
flr8t page
■TT7
by giving Immediate notice of any error discovered In these
INTEREST OR DIVIDENDS.
a great favor
Sabftcribers will confer
DESCRIPTION.
vnr
for
<fcc.,
see
notes
Paul-(Continued)—
Coup., but
may bo
gsSSSSSaaSSS:::
....
335
235
235
registered
by end’rsement.
....
Western
«Tp &C.1st M.(Riv. D.)$tk£(couv.)
1st mortgage. Hastings & Dakota.
1st M., Chic. «fc Mil. line
130
75
85
160
212
:r.
Davenport & Northwest
1st mort. on S. W. Div. Western Union RR
1st molt Oil Chic. & Pac. Div., Chic, to Miss. Riw.
1st mort. on So. Minnesota Div. ($9,000,000) ....
Ponds for
bonds
& Dakota Div. extended ..
1st mort. on Chic. Clinton Dubuque & Minn
1st mort. on Wisconsin Valley RR.
Prior mort.
do.
•
1st mortgage, Mineral Point Division.
riiic & Lake Superior Div., 1st mortgage.
Chic. & Pac., West. Div., M., gold, $20,000 p. mile
..
Dubuque Southwestern, 1st mort
Chicago & Northwestern—Common stock
Preferred st'ek (7 p. e. y’rly, not cumulative)
Bonds, pref. (sink’g fund), 1st mort., Chic, to Osh.
Interest bonds, funded coup., 2d in., Chic, to Osh.
1st mort., general, 3d mort., Chic, to Oshkosh—
Appleton extern, 1st mort. on 23 miles and land..
Green Bay exten., 1st mort. on 26 miles and land
Mississippi River Bridge b’ds, lien on net earnings
1st mort. (Peninsular RR.) on roads and lands...
....
540
band grant income
1st mort ou Hastings
OPERATIONS AND FISCAL
Passengers
±w
r
carried..
na
s\
2,154
2,154
....
1859
1862
1859
193
193
193
23
26
)
....
1862
'
74
.
.
^
Freight (tons) mil’ge.321,818,902
Av. rate p.ton p. nnle
180 cts.
$
Earnings—
1,000
1,001
7,203,000
1,000
1,000
5,290;000
107
1,700,000
1,109,745
2,840,000
1,000
1,000
8,451,767
10,012,819
5,473,794
Operating, expenses.
4,792,313
Net earnings
P.c.of op.ex. to ear’gs
3,659,454
5670
74,000
100
100
100 &c.
100 &c.
100 &c.
500 &c.
500 &c.
2
7
7
7
7
7
7
7
971,400
676,300
3,440,300
116,000
180,000
153,000
256,000
1,000
.
3*2
15,117,655
22,210,844
1,000
New York, Office.
& J.
do
do
& J.
do
do
A. & O.
do
do
J. & J.
do
do
*
J. & J.
do
do
J. & J.
do
do
J. & J.
do
do
F. & A.
do
do
F. & A.
do
do
J. & J.
J. & J. London and Now York.
New York, Office.
J. & J.
do
do
J. & J.
do
do
J. & J.
do
do
J. & J.
do
do
J. & J.
do
do
J. & J.
do
do
J. & J.
do
do
J. & J.
do
do
J. & J.
do
do
J. & J.
Boston.
J. <fc J.
New York, Office.
J. & J.
do ;
do
J. & J.
do
do
J. & J.
do
do
A. & O.
r. & D. New York, Co.’s Office.
do
do
Q. -M.
do
do
F. & A.
do
do
M. & N.
do
do
F. & A.
do
do
F. & A.
do
do
F. & A.
do
do
J. & J.
do
do
M. & S.
883,363
4,539,025
3,659,454
13,430
Other receipts
74,517
1893
1884
1897
1894
1899
July 1, 1908
1898
1898
1891
Jan., 1902
1902
1903
1919
..
July 1, 1909
Jan. 1, 1910
1. 1910
1890
Jan.
1, 1910
July 1, 1920
July 1, 1920
Jan. 1, 1909
Jan.
1910
July 1, 1921
Jan. 1, 1921
Oct., 1883
June, 1882
June, 1882
Aug. 1, 1885
Nov. 1, 1883
Aug. 1, 1885
Aug. 1, 1885
Aug. 1, 1885
Jan.
1.
1884
Sept. 1, 1,898
exceeding $15,000 per mile of railroad actually con¬
acquired. In June, 1882, of these bonds so far issued,
$6,305,000 were 6s and the balance 5s.
As to the nominal surplus of the company representing the expendi¬
tures for proprietary roads, &c., see remarks in Chronicle, V. 35, p. 187,
on the annual report.
Preferred stock has prior right to 7 p. ct.; then,
structed
1881.
1-70 cts.
or
entitled to 7; then preferred has a further
cent; then common to 3 ; then both classes share.
common
The
prior right to 3 per
prices of stock have been as follows:
$
Common.
,
3,938,989
3,159,051
8,884,227 11,884,795
1,201,677
1,042,841
13,086,119
7,742,425
5,343,694
59-20
54-70
4,539,024
July 1, 1905
and in amounts not
Preferred.
/
.
1881.
1882.
17,025,461
10,317,931
6,707,530
60-60
1881.
136 -123*4
141*2-136*2
136 -12838
134*4-117
145
145
125*2-119
14278-1373a
April
13134-12534
13158-128
12478*11914
141
144
13212-12814
July
13814-13034
13178-121
12758-122
12734-12234
12614-12078
1882.
131!8-124
January
February
May
-139
-124^
13238X12438
135
August
September
$
$
$
earnings
13,840,000
1,000
1,000
INCOME ACCOUNT.
Receipts—
1,360,000
Whom.
June
earn’gs...
Net
6,152,000
Stocks—Last
Dividend.
Payable, and by
Payable
Princi¬
pal,When Due.
March
Mail, express, &e....
Total gross
352,000
500
1863
401,595,734 504,876,154
1’72 cts.
1-76 cts.
$
6,850,755
Freight
3,000,000
1,000
4,276,088
w'/,tJ.r 697,347,607
2,011,496
5,750,497
689„774
Passenger
7
7 g.
7
7
5
6
6
6
7
7
6
6
7
5
5
5 g.
7
2,500,000
4,000,000
....
1880.
2,127,501 2,985,885
m cwii am 137,940,086
$
2,273,701
7*3
2,494,000
1,000
Where
When
Tables.
J.
J.
7
7
7
7
7
7
7
8
....
2-86 cts.
iTeigni ItOUHl lUUVCU
Rate per
Cent.
Outstanding
$1,000 $11,738,000
5,673,000
1,000
387,000
1,000
3,431,000
1,000
123,000
1,000
558,000
1,000
3,814,000
1,000
3,674,000
1,000
1,300,000
1,000
215,000
1,000
3,998,000
97,000
1,000
RESULTS.
1879.
1,555,446
no 110 ririn
1878.
1,412,663
i on
1880
1880
1880
1879
1880
1881
1881
1863
158
300
107
107
142
68
465
47
.
Operations—
1875
1863
1864
1867
1864
1869
1879
1868
1868
1861
1872
1872
1873
1879
1879
1880
1880
370
370
220
49
lst
lstmortlafe '(MtaSesoto'Central)
Amount
of
egllS mortgage (for $35,000,000)mortgage (Lacrosse Div.)
Milwaukee &
STOCKS AND BONDS.
RA1LK0AD
AUGUST, 1883. J
5,343,694
324,298
$
0
6,707,530
635,308
October
November
14712-1397s
-136
-139*2
147*2-142
15114-146
has
a
-136
-1353t
-135ia
136*8-131*2
144 -135**
14314-136
130x4-xl23
The company
13116
-13134
-131ia
-137ia
-137ia
145
138
137
146
144
145
140
140
-139
13038-12334
December
v
land grant and the summary
of the Commissioners'
report showed that the total consideration for the lands and lots sold
4,613,541
3,672,884
amounted to $883,126.
Total income
The number of acres which were actually
$
deeded from the various grants during the year was 158,613, and the
$
$
$
Disbursements—
4,127,389 number of acres under contract of sale at the end of the year was
2,837,385
2,287,407
2,135,730
Interest on debt
887,424 353,860. The receipts from cash sales and advance payments amounted
859.564
859,564
1,289,346
Divs. on pref. stock
7
7
7
to $598,404; from time payments on credit sales, $169,953; from inter¬
101-2
Do rate per cent...
1,078,298 est on contracts, $42,176; and from trespass on timber lands and stump1,078,298
385,106
Divs. on com. stock
7
7
2*2
age, $9,660. Total cash receipts, $820,194. The statement of
Do rate per cent...
81,000
secured to be paid to the company by outstanding contracts of sale In
70,000
87,040
Miscellaneous
force at the end of the fiscal year showed a total of $777,030.
6,093,111
4,856,247
3,602,077
3,512,116
TABLE OF LAND GRANT LANDS FOR YEAR ENDING MAY 31, 1882.
Total disbursements.
1,249,727
811,745
1,011,461
160,768
Balance, surplus..
Acres
Acres deeded Acres under
Acres
not deeded
contract.
during
fiscal year.
unconveyed
Name of
GENERAL BALANCE AT CLOSE OF EACH
or contracted.
May 1882
year.
May 31,’81.
grant.
1880.
1881.
1879.
1878.
970,186
276,668
84,697
Minnesota....
1,329.690
$
$
$
447,895
Assets—
$ '
64,195
38,695
550,786
99,185,683 120,073,630 Michigan
326,210
1,582
14,532
Railroad,equipm’t,&c 59,001,257 63,399,448
342,324
Wisconsin
80,129
8tocks owned, cost... > o a aa non
11,415
20,688
1,265,364 Men. River...
2,163,567
112,232
7,133,028
Bonds owned, cost... J
783,992
663,641
483,604
185,610
Bills&acc’ts rec’vable
2,335,033
Total
158,613
353,860 ’
1.824,421
1,028,764
564,715
385,971
133,127
Materials, fuel, &c.
The gross earnings for year ending May 31, 1882, were about $4,300,332,951
555,200
801,694
Cash on hand
976,160
000 larger than in 1880-81; net earnings also much larger. The latest
1,750,000
Daven. & N’west RR.
5,667,992
7,342,838
..
amounts
..
....
....
..
503,119
HI. & Iowa coal lands
Cash due on st’k subs
Miscellaneous items..
Total
1,129,215
318,660
63,083,910
112,329
$
$
15,404,261 15,404,261
12,279,483 12,279,483
Bonds(see Supplem’t) 32,088,500 41,349,500
Liabilities—
305,877
789,927
2,520,074
484,715
Unpaid pay-rolls, &c.
3,531,538
711,365
Advances
Total liabilities...
417,660
74,066,074 103,313,644 125,636,593
8tock, common
Stock, preferred
All other dues & acc’ts
Income account
232,736
63,083,910 74,066,074
$
15.404,261
0
$
.
Chicago <£ Northwestern.—At the end of the fiscal year, May 31, 1882,
the mileage was made up in the annual report as follows: Wisconsin
Division, 555 miles; Galena Division, 313 miles; Iowa Division. 622
miles; No. Iowa Division, 291 miles; Madison Division, 461 miles;
Peninsula Division, 291 miles; Winona & St. Peter Division, 448 miles;
Dakota Division, 296 miles; total, 3,278 miles.
The Chicago St Paul & Fond-du-Lac Railroad, which was a consoli¬
dation of several roads, was sold in foreclosure June 2,1859, and the
Chicago & Northwestern Railway was organized as its successor with a
mileage then of 193 miles, not all complete. In 1864 the company
absorbed the Dixon Rock. & Kenosha, the Gal. & Chic. Union and the
Peninsular RR. of Mich. In 1878 the Lacrosse Tremp. & Prescott RR.
also consolidated.
The progress of the company in mileage, traffic, earnings, &c.,
shown in the comparative tables below.
Quarterly dividends were
menced on the preferred stock in February, 1879. The sinking
oonas of 1879 are secured
by a deposit of mortgage bonds, on
was
is best
com¬
fund
the new
^Qnired atissued were $15,000 per mile, and the terms under
the rate of
these are
published in V. 29, p. 277. The deed sots
this company issues its sinking fund bonds, to run 50 years
irom the 1st
day of October, 1879, interest not exceeding 6 per cent,
6,754,717
205,574,178
2*52 cts.
2-53 cts.
8,190,893
6,662,112
980,522,774 1,192,188,039
1-47 Cts.
.
33,
1881-32.
1880-81.
4,482,317
164,333,508
.
3o, p.21,23, 182,211.)
1878-9.
1879-30.
3,328,427
3,964.798
Passengers carried
Passenger mileage. 116,068,482 140,116,884
Operations—
20,404,261
2-79 cts.
2*67 cts.
12,404,483 14,401,483 Rate per pass. p. m,
4,265,937
5,574,635
67,172,000 79,059,000 Fr’ght(tons) mov’d
3,899,002 Fr’ght (t’ns) mil’ge .681,878,311 865,909,542
2,067,165
1*56 cts.
1*49 cts.
5,593,011
4,343,283
2,279,836
1,048,541
$
$
Earnings—
873,911
3,737,343
3,240,696
Passenger
10,637,368 12,897,778
Frieght
714,228
702,857
103,313,644 125,636,593 Mail, express, &c..
p. 155, 183, 205, 288, 367, 433, 456, 466, 569, 635; V.
p,
254, 411, 441, 519, 559, 580, 589, 641, 687, 736; V. 34, p. 114, 292, 315,
367,408, 460, 479, 519, 521, 522, 560, 587, 625, 663, 679, 687,714 ; V.
-JV. 32,
showed the
including pro¬
annual report (1881-82) in the Chronicle, V. 35, p. 197,
following earnings, expenses, &c., for the whole line,
prietary roads :
OPERATIONS AND FISCAL RESULTS.
1*47 cts.
$
$
4,158,130
14,414,151
761,791
5,171,423
17,525,134
988,099
17,349,349 19,334,072
9,979,619
8,049,358
446,202
382,241
357,996
23,684,656
12,117,076
522,558
10,425,821
8,908.251
12,639,634
11,045.022
earn’gs 14,580,921
Operating exp’nses 7.349,653
Tot. gross
Taxes...,
7,707,649
6,873,272
Total
Net earnings
P.c.of op.ex.toearn.
52-86
8,431,599
8,917,750
48-59
1878-79.
-
$
Receipts—
Net
6,894,283
earnings
Disbursements—
Rentals paid
Interest on debt...
Dividends
Rate on pref
Rate on common
..
Sinking funds
diab’rsem’ts.
Balance, surplus...
8,917,750
1
7
4
1880-81.
$
8,908,251
1,408,003
3,322,015
2,405,521
7
6
98,120
98,120
6,691,513
202,770
7,243,101
1881.82.
\
$
11,045,022
$
$
$
$
1,225,732
3,261,793
2,105,868
Miscellaneous
Tot.
1879-80.
$
53-37
53-92
INCOME ACCOUNT.
1,384,732
3,647,897
1,569,618
3,999,208
2,420,273
2,586,637
98,120
98,120
7,551,022
1,357,229
8,253,583
7
6
74t
6*2
9,442
1,674,649
2,m,139
RAILROAD
XXIV
Subscribers will confer
a
BONDS.
AND
STOCKS
great favor by giving Immediate notice
of any error discovered in these Tables.
on
first page
Bonds—PfinE
INTEREST OR DIVIDENDS.
DESCRIPTION.
For explanation of column
VOL. xxxv.
headings, Ac.,
of tables.
Miles
of
see notes
Road.
Date
of
Bonds
Size, or
Amount
Par
Value.
Outstanding
Rate per When Where
Cent.
Payable
Payable, and by
pal,When Due.
Stock8—Laet*
Whom.
Dividend.
■
Chicago d Northwestern—(Continued'—
1st
mortgage (Beloit A Madison Railroad)
Consol, sluk’g fd Mortg
Madison extension, 1st mort., sinking fund, gold.
Chicago A Milwaukee, 1st mortgage
Menominee River. 1st mort., guar
Menominee extension, 1st mortgage, golu
Gen. cons mort., gold, coup, orreg. ($48,000,000)
Winona A St. Peter, 1st mort., guar by Chic.ANW.
do
2d mort., guar, by Chic. A N.W.
do
1st M. extern, gld, land gr., s. f..
Iowa Midland, 1st mort., guar, by Ciiie. A N. W..
Northwestern Union, 1st mortgage, gold
Minnesota Valley, 1st mortgage
Rochester A No. Minnesota, 1st mortgage
Plain View Railroad, 1st mortgage
Chic. Mil. A N. W., construction bonds
Chicago A Tomali, 1st mort., guar
Milwaukee A Madison. 1st mort., guar
Sink. fd.bds.(lst M.as collateral) ($15,000 per in.)
Chicago Pekin d Southwestern—1st mortgage..
46
779
126
85
25
120
1,058
137
137
175
75
62
24
24
15
let mortgage,
2d mortgage,
80
96
2°4
Chic. St. Louis A N. 0. 1st mort
do
do
2d mort
cons. M., gld. (for $ 1 *,000,000)
do
do
Chic. St. Paul Min'polis <t Omaha—Common stock.. 1
Preferred stock
j
Consol, mortgage (for $30,000,000)
Chic. St. Paul A Minn., 1st mort.. gold, coup
1
6,890,000
3,019,500
1,700,000
500 Ac.
1,000
560.000
1876
1871
1872
1870-1
1870-1
500 Ac.
500 Ac.
2,586,500
12,343,000
2,547,000
1,607,000
4,124,500
1,350,000
3,396,000
150,000
200,000
1,000
1,000
1871
100 Ac.
1870
1872
1878
1878
1878
1,000
500 Ac.
100,000
,
206
(Miss. Central) ($100,000 disputed)
do
($500,000 disputed)
7
7
7
7
7
7
7
7
7
7
8
7
7
7
7
6
6
6
$188,000
1,000
450.000
Chic.Portaqe d Superior—1st mort., gold
Chicago Rock Islamtd Pac — St’ck (for $50,000,000) 1,348
1st mortgage, coup, or reg
636
Chic.A Soutiiw., 1st M.g. (g’d in cur. by C.R.I.AP.)
271
Chic. St. Louis d N. O.—1st M. (N. 0. J. A G. N.)
2d mortgage, (N. O. J. A G. N.)
$1,000
1863
1865
1871
185
185
567
567
All.
177
1880
1879
1871
1-881
1,000
1,000
1,000
1,000
100
1,528,000
1,600,000
11,990,000
1,000.000
(?)
41.960,000
1,000Ac
1865
1877
1877
1881
1,000
1,000
1,000
1880
1878
100
100
1.000
500 Ac.
1
1880-81.
Chicago & Northwestern—road and equip. $74,120,1142
Other companies—road, equipment, &c—
48,311,241
Real estate in Chicago
200,000
Des Moines A Minn. Railroad account
Bonds owned
Bills and accounts receivable
1,400,000
180,000
10,435,000
18,715,733
10,854.933
8,764,000
Materials, fuel, <fcc
Cash
on
hand
Trustees’sinking fund
Total
Liabilities.
General consolidated bonds unsold
Land income
Accrued interest, not j et
Miscellaneous
Balance income account
$70,739,540
54,679,521
200,000
865.819
1,282,033
2,291,340
1,760,608
530,000
303,046
675,430
$15,095,924
22,153,119
22,883,150
64,248,000
366,000
971,185
1,321,000
404,774
2,141,311
74,829
439,935
17,329
due
407,000
689,534
675,430
4,098
7.264,582
Total
$129,704,369 $139,139,871
—(V. 32, p. 233, 611. 636; V. 33, p. 199, 322, 404. 467, 559, 580, 587,
736 ; V. 34, p. 158. 176, 367, 479, 488.567, 603, 636, 679; V. 35, p. 187.)
Chicago Pekin d Southwestern—Jn\y 1,1861. operated from Pekin, Ill.
to Mazon Bridge, Ill.. 91 miles, of which 6 miles leased. Chartered in
1859 and opened in 1876.
Receiver appointed in June, 1877. Sold
under foreclosure of second mortgage May 31. 1881, and' to be reorgan¬
ized. For 21 mouths ending May 31, 1881, gross earnings were $654,098; net, $193,340. In February, 1882, A, H. Crocker was appointed
Receiver. (V. 32, p. 312, 526, 612, 658, 685; V. 33, p. 124,328,587;
V. 34. p. 264.)
Chicago Portage d Superior.—This road is projected from Chicago to
Superior, about 407 miles, with a land grant in Wisconsin under chapter
126 of the laws of 1S74. The total amount of the mortgage is $10,200,000. In Januarj', 1882, a control of the stock was sold to Chicago St.
Paul A Minneapolis or Chicago Rock Island A Pacific parties.
See
references. Win. H. Schofield, President, New York.
(V. 32, p. 636; V.
n
Li
1* 1888
*Aeb- 1. 1915
April 1, 19U
Jy 1. 1898
July .1, 1906
June 1, 19U
?ee. 1, 1902
Jau.
1, 1887
Nov. l, 1907
Dee. 1, 1916
9ct* 1- 1900
June 1, 1917
Oet. 1, 1908
Sept. 1, 1908
Sept. 1. 1908
Nov. 1. 1905
....
„
6, g.
New York, Office.
Q.-J.
N. Y.. 52 Broadway.
J. A D.
M. A N. N. Y.,Corn Exch. Bank.
Sept,
Oct.
l',’1905
1, 1929
Aug. 1, 1901
Jan. 1, 1921
Aug. 1, 1882
July 1, 1917
Nov., 1899
July 1, 1886
Oct. 1, 1890
1884 or before
1886 or before
Nov. 1, 1897
Dec. 1, 1907
June 15,1951
July 20,1882
June 1. 1930
May 1, 1918
1878-79.
Receipts—
Net earnings
Miscellaneous
Assets of siuk’g fund.
From land departm’t
Total income
1,321,000
7,533,987
.
g.
1%
3,000,000
J. New
INCOME ACCOUNT.
$129,704,369 $139,139,871
Stock, common (less amount held by Co.).. $15,093,488
Stock, preferred (less amount held by Co.).
21.650,783
Stocks of proprietary roads, Ac
21,244,650
Bonds, incl. live in sink. fd. (See Supplem’t)
57,006,000
Bonds purchased
363,000
Dividends declared, not yet due
831,481
Sinking funds paid
1,117,000
Real estate, mortgages, Ac
482,706
Current bills, pay-rolls. Ac
2,529,390
Uncollected coupons, old dividends, Ac
63,786
Accr’d rentals of l’s’d rds. iu la., not yet due
272,232
g.
6
1881-82.
363,809
1,233,235
1,125,779
1,255,098
1,977,865
1,117,000
g.
8
8
7
8
7
6
5 g.
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
Assets.
g.
1%
1.483,000
335,500
1,319,500
500 Ac.
100 Ac.
g.
6
7
5,000,000
2,847,000
1,000
1,000
A
Q.-F.
5 & 6
7
6 g.
12,500,000
100 Ac-
1S77
1869
1856
1860
1854
York, Co. ’s Office.
do
do
do
do
A. A O.
do
J. A J.
do
do
do
J. A J.
do
do
J. A D.
do
do
J. A D.
do
J. A J.
do
do
do
M. A N.
do
do
J. A D.
do
do
A. A O.
do
do
M. A S.
do
do
A. A O.
do
M. A S.
do
do
M. A S.
do
do
do
M. A N.
do
do
tlo
do
M. A S.
do
do
A. A O.
F. A A.iN. Y.. Farm. L. AT. Co
New York.
J. A J.
Q.-F. New York, Co.’s Office.
do
do
J. A J.
do
do
M. A N.
J. A J. N. Y., 214 Broadwajr.
do
do
A. A O.
do
do
M. A N.
do
do
F. A A.
do
do
M. A N.
do
do
J. A D.
do
do
J. A D.
J.
33, p. 467; V. 34, p, 114, 145, 203, 548.)
Chicago Rock Island d Pacific.—March 31, 1882, owned from Chicago
to Coimeil Bluffs, 500 miles; Davenport, Iowa, to Atchison, Kail., 345 ;
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, 17-5 ; Dos Moines to Indianolaand
Winterset, 48 1: Menlo to Guthrie Centre, 14-6; Atlantic to Audubon,
25*5; Atlantic to Griswold. 14-6; Avoea to Harlan, 12; Avoca to Carson, 17-5; Mt. Zion to Keosauqua, 4*5. Leased: Cameron, Mo., to Kan¬
sas Citj5 54; Bureau Junction to Peoria, 47 miles; Keokuk to Des
Moines, 162. Total operated, 1,381 miles. This company includes the
former Mississippi A Missouri Railroad of Iowa, which was foreclosed
under mortgage in 1866. Tlie Illinois and Iowa roads were consolidated
August 22,1866, under the present title, and the main line was extended
to Council Bluffs June, 1869. The Iowa Southern A Missouri
Northern,
was formerlj' the Chicago A Southwestern, and was foreclosed and pur¬
chased b>' this company, and consolidated June, 1880. The present
Chic. R. I. A Pacific was a consolidation June 4, 1880, with $50,000,000
Btock authorized, and a scrip dividend of 100 per cent to the holders of
Chic. R. I. A P. stock. The fiscal year ends March 31, and the annual
report for 1881-2 was in V. 35, p. 20. As compared with the previ ms !
year, the movement of passengers one mile increased 22*53 per cent. I
The gross earniugs from passenger transportation increased 14*13 per
cent. The average tonnage movement increased 6*13 per cent. The
rate per ton per mile increased from 1*22 cents to 1 *28 cents.
The gross
on
1881-92.
$
5,320,751
37,277
$
5,943,781
13,*208
350,000
490,000
650,000
5,615,121
5,854,028
6,606,989
998,823
debt
$
$
125,000
paid
Interest
1880-81.
$
5,265,121
5,328.780
Disbursements—
Rentals
1879-80.
$
4,329,963
135.037
322,137
327,593
949,700
2,097,988
2,727,387
7J4
950,000
2,937,186
7
125,327
2,285,000
2,215,000
1.078,110
1,008,580
1,993.085
9^
Dividends
Rate per cent
Miscellaneous
,
10
Add. and imp. acc’t..
$
$
Total disbursements.
3,126,665
3,311.135
6,284,224
6,555,106
Balance, surplus
2,202,121
2,303,986 def.430,196
-51,883
....
report of the Laud Commissioner says that the sales by warranty
or contracts to convoy bj* warranty m 1881-2 amounted to 64,078
The consideration, paid or secured, was $617,934, the average
price being a little more than $9 64 per acre. The bills receivable have
increased from $1,535,621 to $1,590,634 during the year. The amount
received for interest has been $105,973. The land office has remitted dur¬
ing the year to the Treasurer of the company at New York the sum of
$650,000 from its net receipts. The unsold lands of the company now
comprise only about 61,795 acres; but it will receive some trilling addi¬
tions, and may lose a few pieces, under decisions of the courts. (V. 32,
p. 44,265,367,437,551,577,684; V. 33, p. 13, 357; V. 34, p. 574,
663; V. 35, p. 20.)
The
deeds
acres.
Chicago St. Louis d: New Orleans.—Dec. 31, 1881, Owned from New
Orleans, La., to Cairo, Ill., 549 miles; branch: Kosciusko Junction, Miss.,
to Kosciusko, Miss., 18 miles; leased, 5 miles; total operated, 572 miles—
549 miles steel rails. This company was formed Nov. 8,1877, by the
consolidation of the New Orleans Jackson A Great Northern and the
Central Mississippi. The N. O. J. & G. N. road had been sold in fore¬
closure March 17,1877, and the Mississippi Central was sold August 23,
1877. This company was controlled bjr the Illinois Central, which holds
$6,670,000 of the stock, and iu 1882, a lease for 400 years from July
1, 1882, was made to tlie Illinois Central, with a guarantee of 4 per
cent per annum on the stock and interest on the debt; also an agree¬
ment to give Illinois Central 4 per cent perpetual annuities for the
within
a
reasonable time.
stock if tendered
(V. 34, p. 637.)
The stock is $10,000,000.
Of tlie first mortgage bonds, $541,000 are a prior lien on that portion of the road in Tennessee.
The
Chicago St. Louis & New Orleans 2d mortgage bonds are incomes until
December, 1*882: from then they begin to draw interest at 6 per cent.
Of the Mississippi Cen. bonds $600,000 arc claimed to have been paid
and are disputed by the present compauj*. The, consol. 5 per cent mort¬
gage bonds of 1951 are to be issued only for redemption of prior bonds,
and their issue does not increase the debt, which is limited to
$18,000,000.
V.
In 1880 gross earnings were $3,716,902; in 1881 gross
(V. 32, p. 183, 205, 288;
$4,059,151. Net earnings not reported.
33, p. 46, 73, 153; V. 34, p. 264, 715.)
were
Chicago St. Paul Minn, d Omaha.—The mileage Dec. 31, 1881, was
follows: Eastern Division—Elroy to St. Paul, 19S; River Falls
Branch, 12; Menominie Branch, 3; Stillwater Branch, 4 miles; South
as
Stillwater Branch, 4 miles; Eau Claire Branch, 3 miles; Neilsville
Branch, 14 miles. Northern Division—North Wisconsin Junction to
Cable, 120. St. Paul Division—St. Paul to St. James, 122; Lake Crys¬
tal to Elmore, 44.
Sioux City Division—St. James to Sioux City, 1*8;
Sioux Falls Branch, 98; Black Hills Branch, 44; Rock River Branch.
*28.
Nebraska Division—Covington to Omaha, 126; Niobrara Branch,
16; Missouri River transfer, 2 miles; Norfolk Branch to Wayne, 18
miles. Total 1,003 miles.
This was a consolidation Julj\ 1880, of
the Chicago St. Paul A Minneapolis (formerly West Wisconsin), the
North Wisconsin, and the St. Paul A Sioux City. See statement in V.
30. p. 6/5.
earnings from freight transportation increased 11-47 per cent.'"The! The Chic. St. Paul A Minneapolis 1st mortis a 2d on the lands; the
mileage, earnings, Ac., have been as follows for five years nast:
land mort. a 2d on rood; but no foreclosure earn be bad except by de¬
1878-79.
1879-SO.
18>o-sL
1S81-Q2.
fault on 1st mort. The North Wisconsin was in progress from Lake St.
Miles owned A oper..
1.231
1,3-1 Croix to
1.311
1,353
Bayfield, Wis., 1(55 miles The St. Paul A Sioux City was a
Earnings—
$
$
$ $
consolidation in August, 1879, of the St. Paul A Sioux City and
Passenger
1, *68,028
2,318,452
2.500.135
2,853,331 i Sioux City A Sr. Paul, forming a main line from St. Paul to Sioux City.
Freight
6,929,926
9,687,097 l 270 miles. The St. Paul Stillwater A Taylor’s' Falls was consolidated
S,035,165
8,090,480
Mail,express,r’nt s, Ac
611,879
708,045
766.292
726,215 with this company; also tlie
Worthington Sioux Falls A Iowa and Cov¬
the
it j
Total grossearn'gs.
N
Operating
Net
expenses.
earnings
P.c. of op. ex. to earn.
9.409.833
11.001.002
11.950.907
5,079,870
5,790,541
6,630,150
13,200,043
7,322,802
$4,329,903 $5,265,121
$5,326,751
$5,943,781
55*20
55*45
53*99
52*40
ington A Black Hills.
.
*
Preferred stock has a prior right to
cent from net earnings; but common
paid on preferred.
’
non-cumulative dividend of 7 per;
is never to receive more than is
Report lor 1881 in Chronicle, Y. 34, p, 486.
follows:
Earnings, Ac., were a»
1892.]
Subscribers will confer
DESCRIPTION.
a
great favor by giving Immediate notice of any error discovered in these
INTEREST OR DIVIDENDS.
^rSplawition of column 0f tallies. &c.f see notes
i o.
expi«ou tirst page headings,
Omaha—{Continued)—
tt P Six City, mort., gold for $7,000,000....
Paul Stillwater* Taylors’ Falls, 1st mort
7»iSs:i Paul MOi'polis dk
Wisconsin, 1st mortgage
Miles
of
Road.
lulls. 1st nioit.
mortgage
Ge f'al mortgage, sold (for #10.000,000)
Ohimtio * IVesf 31irhi'^n—Stock, now
1st mortgage. New Butt. to St. Jo.
Dr Ran. Newaygo * Lake Sh., 1st mort. coup
af>
2d M. on 35 m. * 1st oil 11 m., coup
General mortgage ($12,000 per mile)
Hudson A River
West. Indiana— 1st
nh;Z„nJ-
are 7s), sink, fund 1 p. e.
(Junction) RR., 1st mort., guar....
Cincinnati Indiana)). St. Louis & Chicago—Stock..
Ind. * Cin. of 1858, 1st mort
Indianapolis Cin. * Laf. mortgage
Equipment bonds, registered
Cin. * Ind., 1st mortgage........ do
'
2d M., guar., and funded coupons—
1st mort., Cin. Ind. St. L. * Chic, (for $7,500,000)
Cincinnati Lafayette A Chicago, 1st mort., gold ..
Cincinnati <£ Muskingum Valley—1st mortgage
Cincinnati New Orleans <£ Texas Pacific—Stock
Cincinnati Northern.- 1st, gold, mortgage.........
35
46
....
35
60
60
98
194
90
151
...
20
20
194
56
148
50
36
36
90
188
138
mort., guar. C. H. AD..
by C. H. & D
mort., gold, guar
Cincinnati Sand ash' y d. Cleveland Stock...........
Preferred stock
::
Mortgage bonds, Sandusky, Dayton & Cincinnati
Mortgage bonds, Sandusky City * Ind
Cine.. Sandusky
.
* Cleve
EARNINGS AND
30.500
.
100
1865
1875
1873
....
1858
1867
1873
1862
1867
1880
1871
1870
3,500,000
1,000
1,000
2,450,000
6 * 7
1,800,000
8,000,000
7
1,600,000
2,790,000
7
140.000
494,000
1,000
100
500 Ac.
1,000
4
1*2
7
10
7
7
6
7 g.
7
68,000
499,000
500Ac.
1,000
1,000
1,000
1,000
1,466,800
1,076,000
1,120,000
1,500.000
1,000
.
..
1866
1852
1867
1^2
1,000.000
1,000
1,000
1,000
6 g.
7
7
7 g.
560,000
65,000
1.800,000
1.000
50
50
4,005,750
10s.
429,037
715,000
350,000
1,072.300
....
3
6
7
7
* J. N.Y., R. P. Flower A Co. Jau. 1, 1930
do
do
April 1, 1919
* O.
Jan. 1, 1908
do
do
& J.
July 1, 1903
do
do
* J.
Nov. I, 1909
* N. N. Y., Droxel, M. A Co.
Nov. 1, 1931
New York Agency.
* N.
Feb. 15, 1882
Boston.
Sent. 1889
M. * S. Bost.. Treasurer's office.
July 1, 1891
N. Y. Union Trust Co.
J. * J.
Juue1,1905
do
do
J. * I).
1921
J. * D
A. * O. Cinein’ti,German N. Bk. April 1, 1901
Oet., 1880
A. * 0. N. Y., Winslow, L. A Co.
July 20, 1885
do
do
J. * J.
Oet., 1905
do
do
A. A 0.
Jan., 1903
do
do
J. A J.
New York.
July 15, 1882
Q.-J.
April, 1888
A. A O. N. Y., Amer. Ex. Bank.
Feb.. 1897
do
do
F. A A.
Sept. 1, 1883
do
do
M. A S.
Dec., 1892
do
do
J. A D.
Jan.’82,’87.’92
do
do
J. A J
May 1, 1920
do
do
M. A N.
Meb., 1901
M. A 8. N. Y., Am. EncIi. N. Bk.
Jan., 1901
J. A J. New York, Moran Bros.
Jau., 1982
Oet. 1, 1920
A. A O. N. Y., Geo. W. Ballou.
A J. N. Y., Winslow, L. A Co.
do
do
A J.
A D. N. Y„ Winslow, L. A Co.
Boston, Office.
do
do
M. A N.
do
do
F. A A.
do
do
M. A S.
J. A D. Boston, Second Nat.Bk.
J.
J.
J.
$1,245,499
69*03
INCOME ACCOUNT.
Receipts—
$1,245,499
504,144
78.585
Other receipts
$1,828,228
„
Disbursements—
Rentals paid
Interest on debt
Dividends on pref. stock
Total disbursements
Balance surplus
>
May 1, 1882
Aug. 1, 1900
Sept. 1, 1897
1.
Dec.
1890
1881, owned
,
2,776,462
Net earnings
Net from laud grants
July, 1895
Jan. 1, 1889
June, 1921
1872
Lawreneeburg branch,
miles; Fairland F. A M.
Road, 39 miles; and Cincinnati Lafayette* Chicago (leased), 75 miles;
total operated, 297 miles. July, 1881, leased the Ver. 3reeus. & Rush.
RR 45 miles, for operating expenses, interest on bonds, etc.
Formerly
the Indianapolis Cincinnati * Lafayette, which was a consolidation iu
1876 of the Indianapolis * Cincinnati ami 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 now 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. Iu Juue, 1892, the issue of
$1,000,000 new stock was voted. Second annual report of new com¬
pany in V. 33, p. 501. Operations and earnings for live years were:
Net
$1,021,961
to earnings
Louis ifi Chicago.—June 30,
from Cincinnati to Lafayette., Ind., 175 miles;
2 miles; Harrison branch (partly owned), 7
164,111
Total gross earnings
Operating expenses
Stocks— Last
Dividend.
-
3,000,000
1880
1866
1869
1871
Pay’hie
Cincinnati Indianapolis St.
&c
Total inoome
576,000
2,001,000
asuWJoo
Net earnings.
Per cent or operating expenses
8
8
7
5
6
2
480.000
1,000
1,000
EXPENSES.
Earnings-
Mail, express,
6
6 g.
6,796,800
1,000
1,000
500 *c.
....
Cin. Richmond d: Chic—1st
2d mortgage, guar, and owned
Cin. Richmond d- Ft. JF.—1st
2d mortg.
.
1869
1871
1875
1881
1881
60
ronsol mort. ($996,000
Chi. Ham. * I.
334,800
125.000
4,000,000
3,300,000
.....
Ron (/u—Princi¬
pal, When Due.
Payable and by
Whom.
Where
When
Tables.
J.
A.
J.
J.
M.
M.
6
6 g.
7
8
6,08-,000
....
....
....
Rate per¬
cent.
$800,000
1,000
«...
Dayton-Stock
Amount
Outstanding
$1,000
1,000
....
Portsmouth.-1st mort
Cincinnati Hamilton &
2n mort. (now 1st)
1880
1879
1878
1878
1879
1882
12
23
‘
Georgetown d
Date Size, or
of
par
Bonds Value.
120
605
23
st
Cin
XX7
1
August,
AND BONDS.
STOCKS
RAILROAD
Passenger.
$53,059
Years.
893.536
1876-7
1877-8
(7) 672.737
$1,619,332
1878-9
208,896
1879-80
1880-81
-(V. 32, p. 155, 206,500, 552.569,577; V. 33, p. 99, 225, 357, 441,
526, 580; V. 34, p. 315, 344, 486. 549, 549, 663 ; V. 35, p. 213.)
Chicago dk West. Indiana—Owns from Dolton, Ill., to Chicago, with
branches, 48 miles. Opened May, 1880, and leases road for right of
way into Chicago to the Wabash, the Grand Trunk of Canada, the Chi¬
cago & Eastern Illinois, the Chic. & Atlantic and Louisville New Albany
& Chicago roads. Stock was $500,000, but in February, 1882, a consoli¬
dation was made with stock of $5,000,000 and bonds limited to
$10,000,000; the general mortgago bonds are liable to be redeemed
after 1885 at 105 by a sinking fund. (V. 34, p; 176. 291.)
Chicago & West Michigan— Dec. 31, 1881, owned from New Buffalo
Miohigan, to Pentwater, Mich., 170 miles; branches—Holland Junction
to Allegan, 23 miles; Holland to White Cloud, 70 miles; Fruitport to
....
....
Miles.
194
194
194
300
297
Mileage.
19,244,431
18,971,743
17,639,617
27,839,061
29,370,496
(V. 32, p. 134, 552; Y. 33, p.
378, 603, 687, 714.)
Freight (ton)
Mileage.
38,803.669
41,000,163
50,225,000
105,567,662
128,936,363
Gross
Earnings.
Earning*.
$1,311,210
1,309,087
1,342,701
$490,810
494,388
507,920
491,487
961,490
1,761,242
2,365,058
153, 468. 501, 502, 588 ;
V. 34. p. 231,
Cincinnati dk Muskingum Valley.—Dec. 31, 1881, owned from Morrow,
O., to Dresden Junction, O., 148 miles. Chartered as Ciuu.
in 1851 and opened in 1857. Sold under foreclosure Oet. 17,
reorganized as Cincinnati * Zanesville March 11,
Dec. 10, 1869, and reorganized as at present. Leased for 99 years
Jan. 1, 1873, to P. C. & St. Louis, lessees to pay all expenses
Wilm. * Zanes.
1863, and
1864. Sold again
from
and inter¬
est, any excess of earnings to inure to the lessors.
Gross earnings in
1881, $395,321; net earnings, $20,275; interest paid, $105,000: deficit
advanced by lessee, $84,725. Capital stock, $3,997,320. (V. 32, p. 498.)
Muskegon, 10 miles; Kirk’s June, to Pickand’s June., 3 miles; Mus¬
kegon to Bluffton, 4 miles; Woodville to Muskegon Run, 17 miles:
Mears to Hart, 3 miles; B. R. Junction to Big Rapids, 51 miles; total
owned, 354 miles; leased—White River June, to Crooked Lake, 13 miles;
total operated, 367 miles.
Organized as successors of Chicago &
Michigan Lake Shore Jan. 1, 1879, the C. A M. L. S. having been sold in
foreclosure Nov. 16, 1878. Consolidated in Sept., 1881, with the Grand
Haven road, 57 miles, Muskegon to Allegan, and the Grand Rap. Neway
Cincinnati Xeiv Orleans dk Texas
Pacific— This is the company organ¬
under the Erlanger Syndioate,
English company, the Ala.
The rental due the Cin.
then $912,000 till 1891,
$1,012,000 till 1896, $1,102,000 till 1901, and $1,262,000 till 1906.
Gross earnings for 1891, $2,344,6.-i8;
net, $242,259. For first six
months of 1882 gross earnings were $1,184,183 ; net. $363,740.
Theo.
go & Lake Shore, 46 miles, from Grand Rapids to White Cloud. Earn¬ Cook, President. (V. 33, p. 328, 468; V. 34, p. 79, 479, 521.)
ings in 1881, $$1,325,052, and expenses, $$1,054,980; net $270,072;
interest paid, $117,756; dividend, $153,405.
Cincinnati Northern.— Dayton. O., to Cincinnati, GO milos. Connect¬
(V. 32, p. 100, 121, 442,
065; V. 33, p. 99, 124, 384, 62; V. 34, p. 86, 522, 547.)
ing line of the Toledo Delphos & Burlington. Stock, $1,000,000. (V. 32,
Cincinnati Georgetown dk
ized to operate the Cincinnati Southern
aud 51 per cent of the stock is held by the
N. O. & Texas Pacific Junction Co., Limited.
Southern is $812,000 per year till 1886,
Portsmouth.—Own* from Columbia, O.. to
p.
6.)
owned from
leased, Richmond,
42 miles. Char¬
Cincinnati Hamilton dk Dayton.—March 31, 1881, owned from Cin¬
Reorganized
cinnati, 0., to Dayton, O., 60 miles; leased—Dayton & Michigan, Day- May 3, 1866, and leased in perpetuity from February, 1869, to C. H. A
ton to Toledo, 141 miles; Cincinnati Hamilton A Ind., Hamilton to D. Co., the lessors to receive all surplus after expenses and bond interest.
Gross earnings
^dmnapolis, 123 line (and leased road), 42 miles; total operated, 366 $43,120; deficit, in 1880-31, $224,649; net, $35,989; interest liability,
to Indiana State miles; Cincinnati Richmond & Chicago, Hamilton, O.,
$7,131. Capital stock, $382,600; funded debt, $625,-
Narrow gauge and bonded at $6,000 per
naile; bonds offered in 1881 in Boston. Stock, $240,000. Earnings in
1881-82, $30,651; surplus over interest, $5,882.
Hamersville, O., 35 miles.
miles; each lease reported separately. Chartered in
in 1848.
Defaulted on guaranteed C. H. &
t
in
1846, and road
Ind. interest in
77; Settlement by arbitration made as per Chronicle, V. 30. p. 116.
May,
1881, it
was
agreed with Clev. Col. Cin. *
Ind. company to
consolidate, but consolidation was not effected. In April, 1882, Mr.
Jewett, of the Erie, together with the N. Y. Chicago & St Louis Co.,
obtained control of the stock. In August, 1892, the issue of $1.000,<>00
preferred stock was voted. Annual report for 1880-81 in V’. 32. p. 657.
Earnings for four years were as follows, including all the road* operated:
1881-82.
1880-81.
o
Gross
earnings...
Taxes, Ac.
1879-80.
$2,578,al6
$2,882,300
$1,610,167
$1,895,300
82,599
452,649
~
*
^
uivmuuutt
Sundries, pToht and loss
Other items
131,921
80,022
579,315
132,902
3,710
14,500
$2,961,446
$2,031,664
83,002
539,516
13 >,164
3,318
10,086
Cincinnati Richmond dk Chicago.—March 31, 1881,
Hamilton, O., to Indiana State Line, 36 miles;
Ind., to Ohio State Line, 6 miles; total operated,
tered as Eaton * Hamilton in 1847 aud opened in 1863.
000; total (cost of
property), $1,007,600.
Richmond dk Fort Wayne.—Dec. 31,1881, owned from Rich
monel, Ind., to Adams, Ind., 86 miles; leased, 8 miles of Pittsburg
Fort Wayne & Chic.; total operated, 91 miles.
Chartered in
opened in 1966. Leased for 99 years to Grand Rapids &
Cincinnati
and by the
terest is guaranteed by the lessees
and Cincinnati Hamilton * Dayton Company,
in 1881, $407,302; net, $132,017. Loss to
stock. $1,709,192. Total advances by
499.)
P
p. 526, 552. 65 7 ; V.
guarantors,
$680,062. (V. 32, p.
Cleveland.—June 30, 1881, owned from Sanbranch, Carey to Findlay, 16 miles;
Columbus Springfield & Cincinnati, 44 miles; total operated, 214
Cincinnati Sandusky iCduskV, O., to Dayton,
leased,
<)., 154 miles;
Dayton, 24 miles,
miles, less the division between Springfield &
leased to and operated by the Cleveland Columbus
which is
Cincinnati * Indian¬
apolis. Six coupons oil 2d mort. bonds were funded from June, 1877.^
The preferred stock has a lien by deposit of old bonds iu trust. The
$2,277,337 $2,705,751 $2,799,750 Receiver, after a three years’ possession of the property, was dis¬
charged January 1880. In Aoril, 1881, a lease was made to the Indiana
$161,696 Bloomington & Western. By the terms of the lease ibis company takes
$176,554
$301,478
33L per cent of its gross earnings as rental; but the amount in any one
126,000
year shall not be less than $220,000 nor more than $500,000, and
$161,696 there are also about $328,000 of coupons aud coupon certificates out¬
$176,554
$175,478
standing. ,Gross earnings prior to 1881 were as follows: 1876-77.
33. p. 100, 281. 468. 502. 623; V. 34, p $655,421: 1877-78, $647,202; 1878-79. $655,300; 1879-SO, $73o,576.
1027ni°)5, 291’ 316> 46°, 475, 4a8, 52!, 549, 603, 6»5, 687; Y. 35,
Pennsylvania Company
jointly. Gross earnings
guarantors, $29,318. Capital
-
“^•32,
1853 and
Indiana; in¬
For 1880-81
the income account was as
follows;
RAILROAD STOCKS
XXVI
Subscribers will confer
a
DESCRIPTION.
first page
of tables.
Ginci?inati d Springfield—1st mortgage, guar
2d mortgage
Cincinnati Wabash d Michigan—Stock ($3,000,000)
Clarion Mahoning d Pittsb.—1st, g., $30,000 p. mile
Cleveland Akron d OolumLus—Stock
Cleveland Canton Cosh. d S
1st mort., gold
Cleveland Columbus Cincinnati d Ind.—Stock
let mortgage (C. C. A C. RR.) $25,000 a year
do
Bel. A Ind
do
C. C., C. A I. sinking fund
Cons. M. for $7,500,000 (sink, fund 1 p. c.)
Cleveland d Mahoning Valley—Stock
1st mortgage, extended
New bonds
Niles & New Lisbon, 1st mortgage
Cleveland & Marietta.—Stock
Cleveland d Pittsburg—Guaranteed stock
4th mortgage (now 1st)
Consolidated sinking fluid mort. for $5,000,000..
Construction and equipment bonds
Cleve. Tuscar’s Val. d Wheeling—IstM., (L.S.AT.V.)
1st mortgage, new, prior lieu
Miles
Date
of
of
Road. Bonds
80
48
111
....
m
m
m
»
471
138
202
390
390
80
67
67
35
or
Par
m
•
•
._
Pittsburg—1st mort., gold
new
Columbia d Greenville—New
mort.,g’ld,coup, or reg
2d mortgage
Columbia d Port Deposit—1st mortgage
Columbus Chicago d Indiana Central—Stock
1st M. (consol.) Columbus, Chic. & Ind. Central..
do
Chic. A G’t East. (Chic, to Logansport)
do
Col. A Ind’polis Cent. (Col. to Ind’s, Ind.)..
do
Union & Logansp’t (U’n City to Logansp’t)
Gross earnings of road, 10
months
$649,114
Rental C.C.C.&I.,10mos,.
81,097
Rental I. B. & W., 2 mos..
36,666
Sale of supplies, Sloane
property, Ac
98,604
,
Total
—
(V. 32,
18
323
164
164
40
588
588
117
208
93
A. A O.
651,000
7
J.
1,000
.
1,000
100
100 Ac.
100
500
m
1880
1860
1864
1869
1874
p.
15, 334, 420; V. 34,
1,000
1,000
1,000
50
....
1873
1876
1870
500 Ac.
500 Ac.
500 Ac,
50
....
1862
1867
1873
1871
1878
1877
1872
1881
1868
1879
1881
1881
1868
500
1882.
1868
Brookville, Pa.
M
....
....
Settlement of claims
133
$755,105
Bal., dec. of floating debt.$110,376
bonds, $4,500,000; ottered in Feb.,
79 and advertisement. S. S. Jackson, President,
488, 574, 663.)
Cleveland Canton Coshocton d Straitsville.—This
road is owned in the
interest of the Connotton
Valley. In May, 1881, an increase of stock
from $800,000 to $2,000,000 was voted.
(V. 33, p. 468.)
Cincinnati d Indianapolis.—Dec.
31, 1881,
Cleveland, O., to Columbus, O., 138 miles; Gabon, O., to
Indianapolis, Ind., 203 miles; Delaware, O., to Springfield, O., 50
miles;
leased, Cincinnati A Springfield RR., 80 miles;
Levering Station to
Mount Gilead, 2 miles; total operated, 473 miles. This
was a consolida¬
tion in April, 1868, embracing
the C. C. A C. and the Bellefoutaine rail¬
roads. The company paid dividends
prior to 1877, but after that the
large decline in rates for through freight and the
heavy rentals paid
reduced the company’s income so that no further
dividends were paid
until February, 1880. In
August, 1880, dividend passed. A dividend
of 5 per cent February, 1881, was made. In
Sept,, 1881, consolidation
with Cincinnati Hamilton &
Dayton voted on, but not effected. See V.
33. p. 100. The sinking fund
provision of consolidated bonds may be
canceled at option of holders. Annual
report for 1881 in V. 34, p. 458,
showed the
owned from
following *
Total gross earn’gs..
1878.
$
3,426,017
1879.
$
1880.
$
3,675,055
1881.
$
4,338,108
4,290,350
INCOME ACCOUNT.
Total net income
847,899
1,086,410
1,587,294
1,441,692
420,087
140,020
425,180
1F7.014
374,770
47,864
475,218
112,688
66,429
440,492
118,188
749,540
16,437
626,536
221,363
964,828
121,582
Disbu rse m cuts—
Interest on debt
Taxes
Dividends
*
Miscellaneous
-
Total disbursenTts.
Balance, surplus
1882.
Jan....
Feb....
March.
84
82
80
April..
May
76
-
June
76
-
.
.
..
77*2
1881.
-
78
-
7512
-
74
-
68
9778
92%
-
xS8
-
81
901-29034 -
85
85
87
685g 1013465% IOOI4o, ***5,
93
o^o,oo^,
1,324.657
262,637
1882.
July...
Aug
Sept
92%
72%
-
Oct
Nov
Dec
Y.oo,
-
-
p, /cf,
268
-
90%
82 s4
281,468,50:
623; V. 34, p. 115, 176, 205, 264, 291, 315, 378, 435,
448, 448, 521.)
A
A
A
A
A
A
A
A
A
A
J.
A.
D.
J.
N.
D.
N.
A.
S.
J.
1912*
New York.
J«|y* 17*1*910
N. Y., U. S. Trust Co.
do
do
do
do
do
do
New York or London.
T*fcb. 1, to
1881
June,’82
June
Cleveland, Office.
N. Y., Ward, C. A Co.
N.
’84
Until 1899
May, 1899
.
*
1,1914
(?)
Aug. 1, 1893
Sept., 1906
Jail., 1890
Y., Union Trust Co.
m
m
m
7
7
7
7
w
Q.-M. N. Y., Farm. L. A T. Co.
J. A J.
do
do
M. A N.
do
do
J. A J.
do
do
A. A O.
Cleveland, Ohio.
A. A O.
J. A J.
M. A N.
J. A J. N. Y., Central Trust Co.
J. A D.
Phila., Co.’s Olfice.
J. A J. Boston, Treas.’s Office.
J. A J.
Columbia.S. C.
A. A 0.
do
do
F. A A.
Phila., Penn. RR.
Sept.
i*’i882
Jan., 1892
Nov.
Jail.
Oct.
Oct.
1, 1900
1, 1913
1, 1901
1, 1898
April 1, 1907
May 1, 1892'
July 1, 1921
June 1, 1898
July, 1909
Jail. 1, 1916
April 1, 1926
Feb. 1, 1893
....
A. A 0.
Various
J. A J.
A. A O.
N. Y., 57
do
do
Broadway*.
do
do
April,
19*08
1893 A’95
Nov., 1904
Dec., 1905
Cleveland d Mahoning Valley. -Dec. 31, 1881, owned from
O., to Sharon, Pa., 81 miles; Niles, O., to New Lisbon, O., and Cleveland,
branches,
46 miles; total operated, 127 miles.
1851. It was leased to Atlantic A
Chartered in 1848 and opened in
Great Western, in perpetuity from
October 1, 1861. A new lease was made to the
reorganized company.
New York Pennsylvania A Ohio, till Oct. 1, 1962, at
$357,180 per
year till January, 1886, and $412,000 per year afterward.
(V. 32.
p. 333.)
'
1
Cleveland d Marietta— June 30, 1881, operated from
Marietta, 0., to
Canal Dover- and branch, 99 miles.
This company was organized as
successor of the Marietta Cleve. A Pitts., which was foreclosed
June 13,
1877. Earnings forgl831-82, $208,585 ; net, $79,356.
(V. 34, p. 52.)
Cleveland d Pittsb.—Dec. 31,1881, owned from Cleveland,
O., to Roch¬
ester, O., 124 miles; branches—Bayard, O., to New Philadelphia, 31
miles; Yellow Creek toBellaire, 43 miles; leased, Rochester to Pittsburg
(P. Ft. W. & C.), 26 miles; total operated, 226 miles. The property was
leased for 999 years from Dec. 1, 1871, to Penn. RR. Co., and lease
trans:
ferred to Penn. Co. May 1, 1872. Reutal, 7
per cent on existing capital
and $10,000 per year for company expenses, the lessees
assuming all lia¬
bilities. The terms of the lease were 10 per
cent, but the old stock was
subsequently converted into 7 per cent by an increase in amount.
Operations and earnings for live years past were as follows:
Years.
Miles.
226
226
226
226
226
Passenger
Mileage.
15,640,607
14,853,524
16,624,524
18,083,711
Freight (ton)
Gross
Mileage.
Earnings.
Net
Div.
Earnings, p.o.
133,991,706 $2,330,834 $1,039,172 7
143,114,623
2,272,167
966,112 7
164,675,804
2,418,516
1,151,780 7
172,535,850
2,699,290
1,275,488 7
22,265,486
211,190,606 3,112,021
1,507,131 7
Cleveland Tuscarawas Val. d Wheel—Jan., 1881, owned from Black
River, O., to West Wheeling, O., 158 miles. Chartered as Lake Shore &
Tus. Val. in 1870 and opened in 1873. Sold under foreclosure Jan.
26,
1875, and reorganized under present title. In February, 1882, Oscar
Townsend was appointed Receiver in a suit of the Union Trust Co. of
N. Y. Gross earnings in 1880, $596,399; net,
$214,303.
In 1881,
gross, $919,485; net, $349,863.
Capital stock, $1,210,500. (V. (34, p.
231,343.)
Cleveland Youngstown d Pittsburg.—Narrow
gauge road in progress
from Alliance, O., to Brimtield, about 100 miles,
including branches,
and crossing several narrow gauge roads. In Dec.,
1881, over 25 miles
were
completed. Henry W. Ford, President, 5 Cortlandt St., New York.
Colebrookedale.—lSov. 30,188), owned from Pottstown, Pa., to Barto,
Pa., 13 miles. Chartered in 1865 and opened in 1869. Leased for 20years
from Jan.
1,1870, toPliila. AJRead., at 30 p. c. of gross earnings. In June,
1880, default was made on bonds. Gross earnings in 1880-81, $58,977;
earnings (30 per cent rental), $17,693. Payments—interest, $36,000,
and other, $479. Capital stock, $297,215; fimded debt, $600,000, and
floating debt, $40,610; total liabilities, $937,825. Construction ($51,446
per mile), $668,797, and profit and loss, $327,649.
Columbia d Greenville (S. C.)—This is the reorganization of the Green¬
ville A Columbia road. The Company owns from Columbia to Greenville,
S. C., 143 miles; branches to Abbeville and Anderson, 21 miles; total, 164
miles. Also owns Laurens RR., 31 miles; and leases Blue
RidgeRR.»
32 miles, and Spartanburg Union & Col. RR., 68 miles. Total operated,
296 miles. In 1878 a Receiver took possession and the road was sold in
foreclosure April 15, 1880, and reorganization was made, with bonds
as above; and preferred stock, $1,000,000
; common stock, $1,000,000;
all in $100 shares. The gross earnings from October 23, 1880, to Octo¬
ber 1, 1881, were $645,920; net, $263,194. Six per
cent paid on pref.
stock, Dec., 1881. (V. 33, p. 201, 468, 687.)
Colorado Central.- Dec. 31,1881. owned from Wyoming boundary line
to Denver, 121 miles; and operated 9 miles in
Wyoming to Hazard Sta
tion, and Julesburg to La Salle, 151 miles; total standard gauge owned
and operated, 281 miles; Golden to Georgetown (n. g.) 36
miles, and
Forks of Creek to Central, 11 miles; total
narrow-gauge, 47 miles; total
owned and operated, 328 miles. Chartered in 1865, and main line
opened in 1870. It is owned by the Union Pacific. The new
bond was issued to take up the old 8 per cent
bonds, of which $87,000
are vet out.
Stock, $6,232,300. Gross earnings in 1881, $1,313,924;
net
net,*$603,940.
Columbia d Port Deposit.—Dec. 31,1881, owned from Columbia, Pa., to
Port Deposit, Md., 40 miles. Leased to and operated by Pennsylvania
RR. Co. Rental, net earnings. Net earnings
in 1880, paid
-
96
1UU,
J.
F.
J.
J.
M.
J.
M.
F.
M.
J.
to lessors,
$20,675; in 1881, $39,777.
Capital stock, $497,100; funded debt,
$1,882,000, and floating debt, $521,780; total liabilities, $2,900,8/8.
Cost of property, $1,733,393.
1881.
Columbus Chic, d Ind. Cent.—Dee. 31,1881, owned from Columbus, G,
96%
89% to
Indianapolis, Ind., 187 miles; branches—Bradford Junction, 0.,w
94% - 81
99% - 84% Chicago, III., 231 miles; Richmond, Ind., to Anoka Junction, Ind., lms
miles; Peoria Junction, Ind., to Ill. State Line, 60 miles; total operatea,
98% - 89% 580 miles. This
588,174
853,518
93%-
-
-
2,632,000
715,000
....
Expenses of operating
$470,486
lilt, on bonds, scrip, Ac... 181,906
Sinking fund trustees
10,181
Dividends on pref. stock.
25,731
Rental C. S. & C., 10 mos.
66,666
Cleveland Columbus
224,000
....
1864
1865
Cleveland Akron d Columbus.—Dee. 31,
1881, owned from Hudson, O.,
to Columbus, O., 144 miles; leased, Massillon to
Clinton, 12 miles; total
operated, 156 miles. Operated by Pennsylvania
Company. Default
•was made July, 1874,
by Clew Mt. V. A Del. Foreclosure suit begun
June, 1880, and Mr. G. A. Jones, of Mt. Vernon, O.,
appointed Receiver
in Sept.. 1880. Sold in foreclosure
August 20, 1881, to H. W. Smithers,
for $1,142,000, and new company under above name
took possession
Dec. 1, 1881. Road has no bonded debt. In
March, 1882, the decree of
foreclosure under which sale had been made was
reversed, and road was
sold again June 7 for $1,150,000.
(V. 33, p. 124, 225, 468, 588, 715; V.
34,
408,
p.
1,882,000
1,000
Mahoning d Pittsburg—Hoad projected from Warren, Pa,, to
Total issue of
See V. 34, p.
1%
6
7
7
7
7
7
7
0 g.
6
7 g.
6 g.
6
7
1,372,000
13,938,972
10,478.000
1902
New York.
....
....
1,000,000
Cincinnati Wabash d Michigan.—Dec. 31, 1881, owned from
Goshen,
Ind., to Anderson, Ind., Ill miles. Road, as now existing, opened in
Nov., 1876. Transferred to trustees Jan. 1, 1878, and sold Nov.
5, 1879,
to said trustees, for account of bondholders. New
company organized
April, 1880, under name of Cincinnati Wabash A Michigan Railway.
Total stock authorized, $3,000,000.
In August, 1882, consolidated
with the Elkhart Niles & Lake Michigan road, to be 165
miles in all.
Earnings for 1881, $240,639; net, $63,886. (V. 32, p. 525; V. 34, p.
575; V. 35, p. 182.)
Clarion
7 g.
7
7
180,000
1,000 10,000 p. m.
100 Ac.
600,000
1,000
4,701,000
1,000
2,000,000
Cincinnati d Springfield.—Dec. 31,1881, operated from
to Cincinnati, O., 80 miles, of which 24 miles were leased Dayton, O.,
from Cincin¬
nati San. A Clev. RR. The whole is leased and
operated by Clev. Col. Cin& Ind. Co., giving them a line into
Cincinnati, and depot accommoda.
tiou. Lessees apply any excess over rentals to C. A S. stock.
Interest
is guaranteed on the first
mortgage , one-lialf by the lessees and one-half
by L. Shore A Mich. Southern. Stock is $1,100,000. To January, 1882,
the C. C. ii. A I. advanced $1,721,702.
Pittsburg, 150 miles.
312
700,000
100
April 1, 1901
■
2,000,000
1,000
1,000
Dividend.
....
7 g.
5
7
7
7 '
7 or 6 g.
500,000
1,547,000
11,244,330
1,096,000
1,000
Stocks—Last *
'
6 g.
r
1,000
A J.
N. Y., U. S. Trust Co.
do
do
pal,When Due,
....
2,561,000
1,593,000
264.)
p.
1,920,598
(?)
4,000,000
800,000
14,991,800
75,000
380,000
3,000,000
2,953,000
2,759,200
630,000
1,000
....
$865,482
Where Payable, and by
Whom.
Payable
7
Cent.
Bonds-
When
$2,000,000
.
....
Rate per
Outstanding
1882
m
Amount
Value.
....
m
INTEREST OR DIVIDENDS.
Size,
7881
91
•
225
199
199
2d mortgage, new
Colebrookdale—1st mortgage
Colorado Central—1st mortgage,
rV©L. XXXV.
$1,000
1871
1872
145
—
E. A B., 1st mortgage
Cleveland Youngstown d
BONDS.
great favor by giving immediate notice of any error discovered in these
Tables.
For explanation of column headings, Ac., see notes
on
AND
company was formed Feb. 12,1868, by consolidation or
the Col. A Ind. Cen. and Cliie. & Gt. East, railroad companies, and was
leased to the Pitts. Cin. A St. Louis*
Railway Co. Feb. 1, 1869, by wmen
company it has been operated, under direction of the U. S. Circuxi*
Court, tor account of receivers of the Col. Chic. & Ind. C. Railway
1882. J
AtousT,
Subscriber* will confer
description.
*—Tir^ation of column headings, Ac.,
For explan
flrgt page of tables.
,rhl,c
-
,
Chicago d
OolurntnisCh^O
favor by giving Immediate notice of any error discovered In these Tables
Bonds—Princi¬
INTEREST OR DIVIDENDS.
a great
see
notes
Indiana Cent.—( Continued)—
Burl.(Logansp. to Ill. line)
lull, com.,lst&2dpf.(Col. toU’n City)
Air Line(Richm’d to Logans.)
Col & Ind’polis Cent. (Cov.to Union City)..
Chic A G’t East, construe. (Chic, to Rich’d)
Central
d" Columbus, Chicago & IndCentral
ponv.. Col. Chic. & Ind.
Income (Toledo, Logansport & Burlington)
l8l
Col &
Cin’n
Am
& Cliic.
Date Size, or
Miles
Par
of
of
Road. Bonds Value.
61
102
107
208
224
537
,P..
Tn/sMTiip
rnioii
Trust Co.
certificates
Hocking
Valley d
Toledo-Stock
CcSJ mortgag?, goldfund $14.500,000)
(for
1st mortgage, Sinking
bonds
79811879-0.
mortgage bonds
Columbus A Toledo,
v
do
f....
f
Ohio & W. Va„ 1st M. (s. f. $15,000 begins in ’80)
Columbus Springfield d Cincinnati—1st mort
Columbus & Xenia—Stock
1st
1st mortgage coupon, s.
2d mortgage coupon, s.
mortgage
Concord—Stock
- • • - * *• • Concord d Claremont Bonds.
■••
....
322
322
121
121
118
118
83
45
55
55
141
71
41
Amount
Outstanding
....
....
....
....
....
1870
....
....
....
100
....
1881
1867
1872
1875
1880
1879
1871
1,000
500 Ac.
1.000
1,000
1,000
1.000
1,000
50
....
1860
....
1874
1,000
50
500 Ac.
100
23,200
120,000
8,995,000
57,545
1,500,000
10,317,000
4,000,000
1,500,000
1,000,000
2,474,000
422,000
1,584,000
1,000,000
1,786,200
302,000
1,500,000’
187-90.
Where
Payable
Payable, and by
Whom.
F. A A. N.Y.. St. Nicholas N.Bk.
do
do
J. A J.
N. Y., 57 Broadway.
Various
do
do
M. A N.
J. A J. N. Y., St. Nicholas N. Bk.
do
do
F. A A.
do
do
F. A A.
do
do
F. A A.
5 g.
7
7
821,000
....
....
When
7
7
7
7
7
7
7
7
$510,500
372,000
113,000
$—.
1863
1864
pal,When Due.
Rate per
Cent.
Feb., 1884
Dec., 1883
1886 to ’90
Nov., 1904
M. A S. N. Y., Winslow, L. A Co.
do
do
A. A 0.
do
do
J. A J.
do
do
F. A A.
do
do
M. A S.
do
do
M. A N.
M. A 8. Bost.,3 Merchants’ Row
7
7
7
7
2
7
5
7
500,000
350,000
Stocks—Vast
Dividend.
3*2
Feb., 1890
(1)
Sept. 1, 1931
Oct. 1, 1897
Jan. 1, 1892
Aug. 1, 1905
Sept. 1, 1900
May 1, 1910
Sept. 1. 1901
Sept. 10,1882
Columbus Treasury.
Q.-M.
M. A S. N. Y., Am. Exch. N. B’k Sept. 1,1890
1,1882
M. A N. Bost.AMancliester.N.H. May
J.
J.
A.
F.
A.
F.
J.
J.
J.
M.
M.
M.
A
A
A
A
A
A
1894
J. Bost., Treasurer’s office
J. Bost.AMancliester.N.H. June 29, 1882
Oct. 1, 1895
New York City.
0.
Boston, Office.
Aug. 1, 1882
A.
do
April 1, 1893
O.
do
Aug. 1, 1882
A.
Jan. 1, 1890
do
J.
Jan. 1, 1911
do
J.
J. Boston, Bost. A Alb.RR. July 1, 1882
S. Phila., Penn. RR. Office. 1900-’l-’2-’3-’4
Nov., 1910
N.
Boston, Agency.
May 1, 1911
N.
Boston, Agency.
7
Portsmouth—Stock, guaranteed
29
1875 500 Ac.
325,000
3
100
Central— 1st m. for $400,000, cp. or reg. 146
2,244,400
7
Connecticut d Passumpsic—Stock
100 Ac.
110
1873
1,500,000
2
New mortgage (for $1,500,000)
100
38
400,000
A
6 gMassawippi st’k, guar, same div. as Conn. & Pass.
400,000
38
1870
1,000
bonds, guar, by Conn. & Pass
do
A
5
22
1881
350,000
1,000
4
A
Newport & Richford bonds, guar, by C. & P
100
56
2,100,000
A
6
Connecticut River—StocK
1864
991,000
7
1,000
A
7 g.
Connecting (Phila. )-lst mortgage
1881
2,600,000
1,000
A
7
Connotton Valley- -Consolidated gold mortgage
136
1881
2,720,000
1,000
July 1, 1885
Connotton Valley A Straitsville. 1st mortgage
7 g.
64
1865
300,000
M. A 8. New York, Co.’s Office. March 1,1891
6
Corning Cotcanesque d Antrim—1st mortgage
38
1866
803,500
1,000
May 1, 1888
do
do
M. A N.
6
Cumberland d Pennsylvania—1st mortgage
1.000
459,000
1868
38
2d mortgage, sinking fund, (guaranteed)
Concord d Claremont.—March 31,1882, owned from Concord to Clare¬
Co. The lease stipulated that the lessees should maintain the road and
mont, N. H., 56 miles; branch, Contoocookville to Hillsborough, N. H..
equipment, operate it, and pay over to the lessors 30 per cent of the 15 miles; total operated. 71 miles. Consolidation of several small roads
gross earniugs. Also, that the rental should always be equal to the inter¬ in 1873.
Gross earnings in 1881-82, $151,220, and operating expendi¬
est on $15,000,000 first mortgage bonds of the C. C. A I. C. Railway tures, $110,444; net earnings, $40,575.
Capital stock, $410,900, and
Company, and $821,000 of the second mortgage bonds of the Col. A bonds, $500,000; total stock and bonds, $910,000.
Original cost of
Ind. Railroad Company. The lessees also agree to pay the interest as it property, $1,850,000. Floating debt, $254,245.
accrues on these bonds. In August, 1874, default /was made on the
$5,000,000 seconds, and April 1, 1875. defaulted on first mortgage. In
Concord d Portsmouth.—March 31,1882, owned from Portsmouth, N.
the suit between lessor and lessee, Judge Harlan decided the debt must>e H., to Manchester, N. H., 40Lj miles. The road was sold, to first mort¬
reduced to the limit—(See bondholders’ report, V. 29, p. 656.) Pursuant gage bondholders in 1857, and leased to Concord RR. in 1858. Lease
to this decision, the debt was substantially reduced as required, and the rental is $25,000 a-year, which gives 7 per cent a year to present stock¬
final decision of Justice Harlan in Jan., 1880, ruled, in substance, that holders. There is no debt.
the Col. Chic. & Ind. Cent. Co. had performed its covenant of the lease in
reducing the bonded indebtedness of the road; that the Penn. Company
Connecticut Central—Sept. 30,1881, owned from East Hartford, Ct.,
(guarantor of the lease) was entitled to $1,258,000 of convertible income to Mass. State Line, 20 miles; branch from Melrose to West Street, Ct., 7
bonds for the same amount of second mortgage bonds of the Col. Chic. & miles; leased, Springfield &
New London, Springfield to State Line, 8
Ind. Cent. Co., together with $572,390 accrued interest; that on the 1st miles; total operated, 35 miles. Leased to New York & New England RR.
of Jan., 1880, there was due and unpaid, as rent, by the lessees, $3,356,- from June 1, 1880. Capital stock, $448,500; funded debt, $325,000 (all
855; but they arc entitled to a total deduction of $587,281, leaving the owned by New York A New England Railroad); and bills, overdue cou¬
net amount due to the C C. A I. C. $2,769,574, save as of tenants accepted,
pons, &c., $7,284.
and the trustees are entitled to receive 6 per cent interest thereon from
Jan. 1,1880, till paid, but none before that date.
From this decision the
Connecticut d Passumpsic.—June 30, 1881, owned from White River
Pennsylvania RR. appealed to the U. 8. Supreme Court. There is also Junction, Vt., to Canada Line, 110 miles; leased, Massawippi Valley
on record a judgment for $932,500 on $298,000 Newcastle A Rich.
and branch (Canada), 37 miles; total operated, 147 miles. Chartered
RR., 1st mort. bonds, with interest, ahead of the consolidated mortgage. in 1835. Completed in 1863. The lease of Massawippi Railroad is at
On Feb. 9,1882, the full plan of settlement with the Penn. RR. was 6
same dividends
are
on the stock of the
per cent on bonds
submitted (see Chronicle, V. 34, p. 176), which was approved by a lessee. Abstract of and report in V. 33, as 327.paid
last
p.
The new mortgage of
msyority of bondholders. This provides that the consolidated mortgage $1,500,000 retired previous issues. Operations and earnings for four
of the Col. Chic. A Indiana Central Railway Company shall be fore¬
follows;
closed subject to the old sectional mortgages. That the property thus years past were as
Net
Gross
Passenger Freight (ton)
sold shall be bought in, if it can be obtained on terms satisfactory, and
Mileage., Earnings. Earnings.
Mileage.
Years.
Miles.
the purchasers shall form a new corporation to take the property, with
$558,612 $222,590
8,179,341
4,464,983
147
a capital of $10,000,000 in common stock and $20,000,000 in preferred
219,695
544,142
8,574,443
4,400,575
147
stock; the latter to be entitled to dividends, if earned, at the rate of 6
226,139
657,547
6,174,878 13,670,452
147
per cent, per annum, and to be cumulative. That the new corporation
311,165
774,146
147
6,117,700 19,726,662
shall issue its first mortgage bonds for $22,000,000, payable at the end
of fifty years, in gold coin, with interest at the rate of five per cent, per -(V. 33, p. 327.)
annum, Ac. Common stock of the old company is assessed $5 per share
Connecticut River.—Sept. 30,1881, owned from Springfield, Mass., to
cash, and one share of new stock is then given for two of old. Opera¬
South Vernon, Vt., 50 miles; branches, 6 miles; leased Ashuelot RR.,
tions and earnings for five years past were :
S. Vernon, Vt., to Keene, N. H., 24 miles; total operated, 80 miles.
Net
Gross
Passenger
Freight (ton)
Earnings. Net income 1880-81, $236,051. Pays 8 per cent dividends on stock and
Earnings.
Years.
Miles.
Mileage.
Mileage.
has paid off all the debt. (V. 33, p. 502, 561, 743 ; V. 35, p. 103.)
581
31,795,297
254,492,612 $3,396,255 $455,340
411,514
3,433,665
581
32,132,185
305,019,182
756.300
Connecting (Philadelphia).—Dec. 31,1881, owned from Mantua Junc¬
3,911,261
580
33.967,484
402,856,462
726,260 tion to FrauKford Junction, Pa., 7 miles. A connecting link in Phila
4,795,771
58 1
41,432,531
441,353,949
641,053 delphia to the West and South. Operated by Pennsylvania Railroad
4,953,722
581
43,407,476
542.045,108
Rental, 6 per cent on capital stock, $1,278,300; and funded debt, $991,-(V.32, p. 122. 155. 231. 444, 498, 636; V. 33, p. 46, 124, 357, 641, 000. The bonds are issued in series ABC and D, maturing respectively
Concord d
Connecticut
j
xxm
AND BONDS.
STOCKS
KAILKOAD
....
....
...
....
....
•
•
•
•
'
..
715; V. 34, p. 176, 204, 604, 636; V. 35, p.
189.)
in 1900-’l, ’2,
’3 and ’4.
Cleve¬
Booking Talley d Toledo.—July 1, 1881, road from WalConnotton Valley.—This road was in progress from Bowerston to
bndge, O., to Athens, O., 194 miles; branches to Nelsonville, Carbon, land, Ohio, and when completed to be 118 miles long, narrow gauge.
&c., 45 miles; Logan to Gallipolis and Pomeroy, 83 miles; total 322 In February, 1882, the company failed to meet its
a
miles. This was a consolidation in July, 1881, of the Columbus A Hock- plan
of reconstruction was proposed, and in May
ingValley, Columbus A Toledo, and Ohio A West Virginia. The stocks & Straitsv. Road was purchased. Canton to Straitsville, 127 m.
those companies were purchased and new consolidated stock for 34,
p. 343, in which the plan was condensed,
$20,000,000 made, of which the above was issued. Of the consolidated wards in some particulars : “ The Connotton Valley bonds are to
con¬
mortgage $6,500,000 is reserved to meet the prior liens. The Central verted into like amounts of new 5 per cent bonds, on which the
Trust Co. cf New York is trustee. In 1881 the gross earnings were will be increased to 6 per cent in three years, with the addition
$2.519,750; net, $1,190,582, (V. 33, p. 46, 100, 225, 254, 303; V. 34, per cent of the par value of the old bond in 6 per
p.408; V. 35, 102, 131, 213.)
■
each holder of old bonds being called upon to take a new 6 per
Columbus
obligations, and
the Connotton VaL
See V.
though modified after
be
interest
of 35
cent preferred cent in
stock,
Columbus Springfield d Cincinnati.—June 30,1881, owned from Col- the proportion of $125 in new bonds for each $1,000 of old bonds, pay¬
ing par therefor in four equal monthly instalments, beginning May 1,
1882. The Straitsville bondholders to receive new 5 per cent bonds at
par for old bonds at par, and to subscribe for $250 of new 6 per cent
basis, this company takes ig and Cincinnati Sandusky & Cleveland *5. bonds for each $1,000 of old bonds. The new bonds are in three series, the
first being ‘A,’ 5 per oent bonds increased to 6 per cent at the end 01
Capital stock, $1,000,000, and bonds, $1,000,000.
three years, for redemption of Connotton Valley bonds, $2,600,000;
Xenia.—Dec. 31,1881, owned from Columbus, O., to Xenia, series ‘ B,’ at 5 per cent, for redemption of Straitsville bonds, $2,150,000.;
miles. Is operated as a division of the Little Miami, and is leased
years in connection with that road to the Pittsburg Cincinnati &
lU8’ which pays 8 per cent on stock and provides for the
y-’ 5o
ior 99
U’h
,
in.e lease is guaranteed by the Pennsylvania Railroad
voiumbus A Xenia pays
bonds.
Company. The
8% per cent dividend per annum.
Concord.—March 31,1882, owned from Concord, N.H., to Nashua, N.H.,
miles; Manchester & North Weare, 19 miles; Hookset Branch, 7
miles; leased—Concord A Portsmouth, 41 miles; Suncook Valley, 20
Nashua Actou & Boston, 20 miles; total operated, 142 miles,
vperations, earnings, and income over rentals, &c., for 4 years past were:
oo
J-878-9...
14.2
..
1881-82.;;
142
142
Passenger
Mileage.
10,580,508
11.081,309
13,118,217
Freight (ton)
Mileage.
21,609,056
29,006,834
30,295,384
Gross
Net
Div.
Earnings. Earnings.
$733,004
870,088
955,000
1,258,419
p. c.
10
10
346,732
10
362,608
10
471,208
$318,847
)610; v‘33, p*225» 254’357; v#34, p-315, 520,603: v
series '
of
P-
Antrim.—Dec. 31,1881, owned from Corning,
branch, Lawrenceville to Elkland, Pa,
Consolidation (Jan., 1873) of the
Blossburg & Corning RR. and the Wellsboro RR. June 1, 1874, the
Cowane8que Valley RR. was absorbed. These fines are leased to ana
operated by the Fall Brook Coal Co. Rental paid—7 per cent on bonds,
$21,000; 6 per cent on common stock, $84,000, and 7 per cent on pre¬
ferred stock, $35,000; total rental, $140,000 a year.
Stock—common,
$1,400,000, and preferred, $500,000; and 7 per cent bonds, $300,000.
Annual bond drawings of $20,000 commenced in 1880.
Cumberland d Pennsylvania.—Dec. 31,1881, owned from Cumberland,
Md., to Piedmont, Md., and several branches, 55 miles; almost all steel
rail. It is owned and operated by Consolidation Coal Company, which
Coming Cowanesque d
N. Y., to Antrim, Pa., 53 miles;
11 miles; total operated, 64 miles.
guarantees second mortgage.
XX VI11
RAILROAD
Subscribers will confer
a
DESCRIPTION.
STOCKS
.
Cumberland Valley—Stock ($484,900 preferred)
110
52
52
sinking fund guaranteed
Common bonds
18 1
....
....
....
33
33
1st and 2d mortgages
Consolidated mortgage
Danv.Olney d O.Riv.—1st M.(for $830,000)
....
’70-’72
1880
1880
100
103
142
142
142
142
142
32
cp orreg
Dayton d Union—1st mortgage
Income mortgage bonds
•
Dayton d Western—1st M., guar. L. M. and C. A X..
Delaware—Stock
Mortgage bonds, convertible, guar. P. W. A B
Delaware d Bound Brook—Stock, guaranteed
1st mortgage
2d mort., debenture bonds,
reg
Delaware Lackawanna d Western—Stock..
Consol, mort., on roads A
equipm’t,($10,000,000).
•
•
1867
1869
1881
1879
1879
1865
•
.
27
426,000
351,000
1,898.000
225,000
173,000
495,000
1,468,940
650,000
1,692,000
1,500,000
192,000
25
mm
1,000
•
....
....
....
50
....
1877
1872
60
100 Ac.
500 Ac.
....
294
1870
1880
1881
0)
0)
212
208
....
1876
18 SO
1881
-(V. 32, p. 3 11
;
536,945
622,538
..
2,464,378
2,557,337
2,481,889
..
31
34
31
34
3,301,269
903,384
932.634
1,089,900
1,30*8,897
3.608,823 1,228,828
-(V. 33, p. 559; V. 34, p. 17 6.)
..
1,534,000
900.000
g.
35,318
60,079
88,341
1904
i9o8
1, 1884
APni 4, 1882
1920, ’90, ’92
1920
Jan. 1,
i910
Cincinnati, C. H.A D.Co. April 1.
i882
N. Y., Winslow, L. A Co.
April 4, 1882
S.
do
do
Sept., 1884
O.
do
do
Oct., 1888
J.
do
M. &
A. &
J. &
J. A
J. A
J. A
J. A
J. A
do
D. N.Y., Am.Exch.Nat.Bk.
D.
J. N. Y., Am. Exch. N. B’k
J.
Dover, Co.’s Office.
J. Phil., Fid’lity I.T.A.S.Co
Philadelphia.
Jan. 1. 19H
Dec. 1,
1909
After 1910
Jan. 1, 1905
Jan. 2, 1882
July 1, 1895
Aug. 16, 1882
May, 1905
July 20, i882
Sept. 1, 1907
June, 1892
March, 18'85
April 1,19U
N.
Y., Company’s Office. Jan. 14,1882
do
do
Nov. 1, 1900
do
do
Jan. 1, 1910
N. Y., Co.’s Agency.
Sept. 1, 1911
New York.
Aug. 15,1880
A N. N.Y., London A Frankf’t
May 1, 1905
A J.
N. Y.. Co.’s Agency.
Jan. 1, 1921
A J.
New York.
Jan. 1, 1911
M. A N.
J. A J.
M. A S.
...
g.
g.
M.
J.
J.
of the respective leased roads. The Lackawanna
A
consolidated with this company June 19, 1873. The Bloomsburg
synopsis of the annual statements of the company for four following is a
was
1878.
1879.
1880.
years:
1881.
‘
$
$
$
$
receipts all sources..14,454.405 20,226,708 21,656,604 27,396,526
Operating expenses
10,836,276 16,416,256 15,753,134 19,632,662
Gross
Net
receipts
3,618,129
3,810,452
5,903,470
7,763,864
INCOME ACCOUNT.
$
$
3,618,129
$
3,810,452
$
5,903,470
7,763,864
3,577,420
3,624,431
3,627.381 3,558,494
*
786,0001 1,768,500
Total disbursements.. 3,577,420
Balance, surplus.
40,709
3,624,431
4,413,381
186,021
1,490,089
Net
receipts
,
*
3 per cent.
.
5,326,994
2,436,870
t £3* per cent.
-(V. 32, p. 230; V. 33, p. 73, 716; V. 34, p. 144.)
Denver Longmont d Northwestern.—This road is in
progress from
Denver to Longmont in northern Colorado.
Bonds ($100,000) offered
in Boston March, 1881, at 90.
bonus of 5 shares of stock with
carrying
each $1,000 bond.
Frederick O. Prince. Boston, Pres.
(V. 33, p. 20; V.
34, p. 521 )
3
’2”
2*2
5
^Pr! 1,
1»
April
Jan.
Q.-J.
Q.-J.
g.
~^P.Sri882*
A. & O.
F. A A. Phila., Guar.T. A 8.D.C0.
M. A N.
Philadelphia.
New York, Office.
Q—J.
M. A S.
do
do
J. A D.
do
do
M. A S.
do
do
A. A O. New York and Boston.
Disbursemen Is—
Interest and rentals
Dividends
$43,371
39,667
do
-Dividend.
names
230,199
220,429
$165,245
157,953
164,236
184,407
195,163
do
Y., Farm. L. A Tr. Co.
pal,When Due
Stocks- Last
&‘Essex, 118 miles; Newark A Bloomfield, 4 miles; Warren
Railroad,
18 miles; Sussex, 30 miles;
New York Lackawanna & Western, 74 miles;
total operated, 776 miles. For the terms of
leases, see remarks under the
Danbury d Norwalk.—Sept. 30, 1881, owned from Danbury,
Norwalk, Conn., 24 miles; branches to Ridgefield and Conn., to
ville,together 10 miles; total operated, 34 miles. An extension Hawley to Long
Island Sound is to be made.
Opened in 1852. Dividends have been
irregular. Operations and earnings for five years past were as follows:
Passenger Freight (ton)
Gross
Net
Div.
Years.
Miles.
Mileage.
Mileage.
Earnings.
Earnings.
p. c.
1876-7..
34
..
(?)
5,000,000
1,800,000
1.000
1,000
South
1877-8..
1878-9..
1879-SO
1880-81
7
7
6
4
7
6
7
17,685,000
1,000
& J.
A J.
& J. N.
Q.—F.
100,000
100
Quar.
J.
7
6
2
7
7
7
7
9,000,000
29,160,000
6,382,500
1,000
Phila. and Carlisle, Pa.
Phila., T. A. Biddle A Co
do
do
do
do
New York and Danbury
N. Y., Nat. City Bank.
A. & O.
A. & O.
A. A O.
J.
J.
1*66
2
7
7
5
7
6
6 & 7
3
6
370,900
100
500 (tec.
500 Ac.
Cumberland Valley.—Dec. 31, 1881, owned from
Harrisburg, Pa., to
Potomac River, Md.. 82 miles;
leased—Martinsburg A Potomac RR., 12
miles; Dillsburg A Mechaniesburg RR., 8 miles; Southern
Pennsylvania
RR., 21 miles; Mont Alto 11R., 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.
34, p. 376. Large advances have been made to branch roads.
Opera¬
tions and earnings on the main line for five
years past were as foil >ws :
Passenger Freight (ton) Gross
Net
—Div.p.c.—.
Years.
Miles
Mileage.
Mileage. Earnings. Earu’gs. Pref. Com.
1876-7
125 5,869,562 11,062,510
$519,851 $254,253
1878
125 5,416,229 11,030,907 536,410
224,985
1879
125
5,265,292 12,485,385 503,597 264,900
7,386,350 14,048,062
8,967,357 18,364,654
V. 34, p. 376.1
li4
26,200,000
3.067,000
600,000
1,000
1859
1881
.
....
1st consol, mortgage ($15,000
per mile)
Denv.d R.Gr. West.—1st, g. ($16,000 p.
m.),cp.orreg.
Denver South Park d Pacific—stock
1st mortgage, gold, sinking fund
Consol, mort., gold ($17,000
per mile)
Denver West. d Pac.—1st M., gold ($30,000
per m.)
1,000
1,000
1,000
1,000
1,000
1,000
Where Payable, and by
Payable
Whom.
21$
2,402,573
1,211,250
....
195
.
*
Bonds—PHnci.
When
Q.-J.
7
6
7
50
50
.1875
288
'm
8
8
6
801,000
500 Ac.
...
1875
....
.
212
161,000
109,500
81,800
600,000
400,000
100,000
....
....
....
.
$1,777,850
500 Ac.
500 Ac.
100 Ac.
50
100 Ac,
1871
41
100
85
Bonds (convertible June 1, 1875 to ’77)
Laokawanna A Blootssb., 1st mort. (extension)..
Denver Longmont d Northwestern— 1st
mort., gold
Denver d New Orleans— 1st
mortgage
Denver d Rio Grande—Stock
1st mort., gold, sinking fund
s
Outstanding
Rate per
Cent.
700,000
....
Danville & Southwestern—Stock
Dayton <k Michigan—Com. stock (3^ guar. C.H.AD.;
Preferred stock, (8 percent, guar. C. H. AD.)
2d mortgage
3d mortgage
Consol, mortgage, guar, by C. H. & D
125
125
[Vou XXXV,
INTEREST OR DIVIDENDS.
Amount
$50
....
Danbury d Norwalk—Stock
1880
BONDS.
great favor by giving immediate notice of
any error discovered in these
Tables.
Miles
Date Size, or
For explanation of column headings,
of
Ac., see notes
of
Par
on first
page of tables.
Road. Bonds Value.
1st mortgage
2d mortgage,
AND
f'surer d
New
Orleans.—Projected from Denver, via Puebla, to the
Canadian River, 350 miles, and to June, 1882, Denver to Puebla, 120
miles completed. The stock was absorbed in
building first 52 miles of
road, and $1.050,000 in promissory notes issued to build the 70 miles to
Puebla. When completed will connect with Ft. Worth A Denver
City,
forming a through line between Denver and Ft. Worth. Loan of
Danville 01 ncy & Ohio River.—This road is
projected from Danville,
Ill., to Olney, and to the Ohio River, 243 miles, of which 110
miles, Dan¬
ville to Olney are in operation; also 20 miles of
Chic. A East. Ill. leased.
Bonds offered in 1881 by R. M. Raven A
Co., at par, with $500 stock $9,000,000 reported negotiated July, 1882. Capital, $1,500,060. (V.
given with each $1,000 bond. Stock authorized, $2,000,000; issued, 35, p. 131.)
$1,000,000. (V. 33, p. 124).
Denver d Ilio Grande (3 ft.)— Dec.
31, 1881. owned from Denver City,
Danville d Southwestern (III.)— June
30, 1881, owned from Tilton Col., to Alamosa, Col., 251 niles ; branches—Pueblo, Col., to Canon City
and Coal Mines, 44 miles; Cuchara,
Junction to Lawreuecvillc and branch to
Col., to El Moro, Col.. 45 miles; also
mines, 103 miles. Successor to
Paris it Danville Co. Gross
earnings in 1880-81, $224,350; net, $76,318. lines to Leadville, Durango. Gunnison City, Crested Butte, Redcliffe,
Kokomo, Silver Cliff, and others, the total operated Jan. 1, 1882, aggre
Dayton d Michigan.— March 31, 1881, owned from
Dayton, O., to
1,067 in., and construction was pushed on 238 additional miles.
Toledo,!)., 141 miles.
Opened in 1862. Leased in perpetuity to the gatingfirst
The
comprehensive report was published in the Chronicle, V.
Cincinnati Hamilton it Dayton. In
March, 1881, voted to issue a 5 per 32, p. 550, giving a
cent consol mortgage bond.
history of operations, to the close of 1880, Ac.,
There are also $53,000 Toledo Depot bonds and in V.
34, p. 635, the report of operations up to Jan. 1, 1882.
due 1881 and 189 4. Of the common
stock $1,010,000 only is
guar¬ The trust deed of the consolidated mortgage is to Louis H.
anteed 3^2 by C. H. D.
Loss in 1880-81, $13,078.
Meyer and
The lessees hold John A. Stewart, of New
York, as trustees. The deed is to secure and
$1,398,100 of the common stock. (V. 32, p 312.)
provide for an issue of bonds, the amount afloat at one time not to
Dayton d Union.—October, 18*1, owned from Dodson, O., to Union
City exceed $30,000,000, of which $7,422,200 shall be used in retiring
Ind., 32 miles; leased Dayton to Dodson, 15
miles; total operated, 47 prior issues, and the balance issued for the purpose of building and
miles. The Greenville A Miami RR. was
sold out Oct.
completing the extensions to Leadville, New Mexico and San Juan
organized as now Jan. 9, 1863. Operated by trustees 30, 1872, and re¬ mines, and other
since
points—and the bonds are issued at $15,000 per mile.
Capital stock, $86,300; funded debt, $446,444, and otherDec., 1871. Of the consol,
mortgage $1,040,000 exchanged for Arkansas Division
liabilities,
$151,297; total, $684,043. Property account, $623,363.
(V. 32, p. 699 bonds held by trustees of the Colorado Coal A Iron Co. In 1881 net
Dauton d Western.—Dec.
31, 1881, owned from Dayton, O., to Rich¬ earnings were $2,624,000 and fixed charges $1,369,000. The following
are the latest reports :
mond, Ind., 41 miles. Leased in perpetuity from Jan/l,
1865, to Little
Miami, and carried with
'
that road in the general lease to the P. C. A
St. L.
answerable for all obligations.
Delaware.—Oct. 31, 1881, owned from Delaware
Junction
The lessees
arc
virtual
owuers and are
(P. W. & B.),
Del., to Delmar (Md. Line), 84 miles;
branches, 16 miles; total operated,
100 miles, less two branches (15
miles) operated by the Dorchester &
Delaware and Queen Anne A 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 earnings
in 1879-*?0, $426,265;
net, $127,879; 1880-81, $428,747; net,
$128,624. Dividends and interest
paid in 1880-81, $129,480. (V. 34, p. 86.)
Delaware d Bound Brook.—December
31, 1881, owned from Bound
Brook (C. of N. J.) to Delaware
River, 27 miles; branch, main line to
Trenton, 4 miles; total operated, 31 miles. In connection
with Central
of New
Jersey and North Pennsylvania forms a line between New
York and
Philadelphia. In May, 1879, the property was leased for
990 years to the
Philadelphia A Reading Railroad Company—the lessee
paying interest and 6 per cent on stock in
1879-81, 7
and 8 per cent
afterward.
$265,743; in 1881,
gross,
Gross earnings
$668,489;
net.
per cent in
in
1880.
$334,462.
1881-83,
$568,789 net,
(V. 32, p. 611.)
Delaware Lackawanna d Western- Dec.
31,1881, 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
Keyset* Valley, Pa., 5 miles; leased
lines in New
York—Cayuga & Susquehanna RR., 3 4 miles; Green RR.,
8 miles; Oswego & Syracuse
Railroad, 35 miles; Utica Chenango &
Susquehanna Valley Railroad, 97 miles;
Valley Railroad, 12 miles;
controlled and operated—Syracuse
Binghamton A New York, 81 miles;
Rome & Clinton Railroad, 13
miles; Utica Clinton & Binghamton, 31
miles; leased lines ii New Jersey—Chester
Railroad, 10 miles; Morris
Earnings—
Passenger
Freight
Mail, express, Ac
1881.
1880.
686
Total miles operated at close of
year....
1.067
$
$
.
945,030
2,411,457
121,579
3,478,066
r
Net earnings
1,767,605
6,244,780
3,620,030
1,710,461
Total gross earnings
expenses
Operating
1,563,632
4,332,150
*2^624,750
348,998
INCOME ACCOUNT
Receipts—
Total net income
1> isbursefnents—
Interest on debt
Taxes
Dividends
Miscellaneous
$
$
1,730,768
2,624,764
1,150,453
1,199.541
149,830
(6 p. c.)
246,512
914,100
19,607
Total disbursements
1,396,965
Balance, surplus
333,803
341,68b
—(V. 32, p. 231,500, 550, 686; V. 33, p. 46, 124, 201, 303,329.519,
559,622,687,709,716; V. 34, p.31,60, 86, 145, 408, 635 ; V. 3o, P-
78,103,182,211,213.)
Denver d Rio Grande West,
(narrow gauge)—This company’s mort¬
contemplated lines in Utah Territory estimated at
The company is an offshoot of the Denver & Rio Grande, ana ine
latter has a traffic guarantee and
guarantees $7,500,000 of the^ bonae.
The stock by charter is $48,000,000. (V.
34, p. 146, 291, 292, 679.)
gage covers
miles.
'
*—'
DESCRIPTION.
JTT^i^ation of column headings, Ac., see notes
For expia
flrgt page
on
of tables.
trace on
'extension ($12,000 per mile)
Minneapolis—1st mortgage
Osceola <£• Southern— 1st mortgage
"SSiSS&fKZrm w'ooZooo).
mortgage (Detronf& Pontiac RR.)', Feb. 1854.
IT.-Stock.
3d
....
Lansing 6
preferred stock
North.—Stock, common
T^nS ALansing, 1st mort., coup., may be
Mackinac & Marquette— 1st
^Land grant bonds (income)
Detroit
•
•
reg....
mortgage
•
a’Dak— 1st M., gold. gu. (payable at 105)
Dubuque dc Sioux Oity Stock........................
1st mortgage, 1st division—
1st mortgage, 2d division (for $1,400,000)
Duluth <& Winnipeg-1st mortgage, gold, land grant
j^dcirkllugh. Valley 4 Pittsourg-1st mort., gold
~2d mortgage
fop.—1st
mortgage, registered
Hast Pennsylvania—Stock
1st mortgage.
East Tennessee Virginia
63
143
100
43
do
r
1,000
ia78
200 Ac.
1854
1,000
....
....
....
1877
1869
1882
1881
1881
1879
Tn/'nmf*
1,000
1,000
1,000
1,000
1863
1864
100
500
500 Ac.
1881
1,000
1870
1870
1870
1873
1,000
....
....
90
90
90
30
36
36
1,000
1,000
1,000
1,500,000
2,000,000
3,200,000
250,000
1,350,000
1,825,600
2,503,300
2,443,000
770,000
2,280,000
4,560,000
1,500,000
630,000
5,000,000
296,000
586,000
18,000 p.m.
7,000 p.m.
2,000,000
1,000,000
200,000
500,000
1858
1,709,550
495,900
27,500,000
16,500,000
bonds
sinking fund bonds
*.
list Tenn. A Georgia ($92,000 are endorsed)
....
242
112
1,000
1880
1881
1870
50-’56
11,000,000
2,650,000
16,500,000
1,000
1,000
3,123,000
535,400
Where Payable, and by
Whom.
B. ACo.
J.
J.
A J. N. Y., Morton,
A J.
A
*J,
A.
A.
F.
J.
A
A
A
A
New York A London.
O.
do
do
O.
A. N.Y.,Canad’nB. of Com.
J. N. Y., Winslow, L. ACo.
Boston.
do
A.
J. Boston, 2d Nat. Bank.
do
do
J.
New York.
O.
do
0.
7
50
100 Ac.
100
100
....
When
Payable
J.
6
6
6
$1,200,000
1,200,000
1,000
“ Divisional” bonds
Old 1st mortgage
100
100
500 Ac.
1.000
....
1,123
gold‘(for $22,000,000)
Rate per
Cent.
6,000 p. m.
1878
<t Georgia—Common stock. 1,232
Preferred stock (6 per cent)
Consol, mort.,
1.000
100
•
....
Thibtwue
jfat
•
Outstanding
600,000
$1,000
1880
•••
182
59
152
Amount
406,000
65
& S.
MroU
Par
1874
1874
1881
87
87
56
58
300
189
189
189
<£•
INTEREST OR DIVIDENDS.
or
Value.
Road. Bonds
nJ^i^TFt. Dodge- 1st mort., coup
if
Size,
Date
of
Miles
of
4
6
5-6
8
l1*
2*3
3*3
7
8
6
7
7
6 g3
7
7
6 g.
~g*
7
7
7
3
7
A
A
A
A
A
Stocks—LaBt
Dividend.
June 1, 1905
Juuo 1, 1905
July 1, 1899
....
F.
J.
J.
A.
A.
Bonds—Princi¬
pal,^When Due.
1896
1881
1918
1918
Feb.
Jan.
15, 1888
1, 1882
Aug. 10, 1880
Aug. 15, 1882
Jan
1, 1907
July 1, 1889
1, 1921
1, 1911
1, 1921
July 1. 1919
J. A J. N.Y.,M.K. Jesup.P.A Co.
A. A O. N.Y.,M.K.Jesup,P. A Co. Apr. 15, 1882
1883
J. A J. N.Y., Jesup,Paton A Co.
J. A J.
M. A N. N.
J.
A.
A.
J.
J.
M.
A
A
A
A
A
A
•
•
do
do
Oct.
Oct.
Oct.
1894
Y., Central Trust Co.
May 1, 1911
D. N.Y., N.Y. Cent. A Hud.
do
do
0.
do
do
O.
J. Philadelp’a, Co.’s Office.
J. Phila., bv P. A R. RR.
S.
Pliila., P. A R. office.
June, 1890
Oct. 1, 189®
Oct. 1. 1890
July 1. 1903
July 18,1882
Mar. 1, 1888
• •
N.Y.,Metropolit’n N.Bk.
5 g.
5
J.
J.
A J.
A J.
7
6
J.
J.
A J. N.Y.,Metropolit’n N.Bk.
A J. N. Y.,R. T. Wilson ACo.
do
do
July 1, 1930
July 1, 1930
1911
July 1, 1900
1882 to 1886
Detroit Mackinac <t Marquette.—March 31, 1882, owned
(3/*.)—Dec. 31,1881, owned from Denver, Col., of Mackinac to Marquette, 152 miles; branch projected from Straits
to Sault St.
miles; extension to Horteuse, 8 miles; branch to Marie, 48 miles.
in $100 shares. Tho land
Morrison from Bear Creek, 9 miles, and branches, G miles; extension to bonds receive 25 The stock is $4,750,000,
per cent of net proceeds of land sales as their yearly
Gunnison City, 54 miles; total, 212 miles. First mortgage bonds issued income. Jas. McMillan,
President; George I. Seney, director in N. Y.
at the rate of $12,000 per mile of finished road, and the sinking fund of
Dubuque & Dakota —Dec. 31,1881. owned from Sumner. la., to Waver\\% per cent annually on outstanding bonds, to be retired at par by lot,
begins in 1886.
Sept. 20, 1880, new branches authorized, and voted to ly, la, 63 miles. Built on the old grading of the Iowa Pac. Dubuque A
increase the capital stock, and in Oct., 1880, the consol, mortgage was Sioux C. Co. guarantee the bonds issued for construction to the extent of
made for $15,000,000, to be at $17,000 per mile on whole road, old and $10,000 per mile. Bonds may be paid off at any time at 105. Preferred
new, less the amount of first mortgage on the old.
In December, stock $410,000 and ordinary stock $156,600; cost of road, $18,882
1880, Mr. Gould bought most of the stock, and passed it over to the per mile. (V. 32, p. 69.)
Union Pacific, and it is now under that management and no reports are
Dubuque <£ Sioux Citg.—Dec. 31,1881 owned from Dnbuque, Iowa, to
made. In 1881 gross earnings were $1,464,228 ; net, $309,757. Stock, Iowa Falls, 143 miles. ’ Chartered as Dub. A Pac. in 1856. Leased to Ill.
$5,000,000. (V. 32, p. 44, 444; V. 35, p. 102, 103.)
Cent, from Oct. 1. 1867. for 20 years, the lessees agreeing to pay 35 per
cent of gross earnings for ten years and 36 per cent for next ten years,
Denver Western & Pacific.—Proposed road from Denver to Long¬
with privilege to make the lease perpetual at the latter rate. Earnings
mont, Col. From Denver 30 miles to be done by Aug. 1, 1881. For
$3,060 in cash the company gives $3,000 in 1st mortgage bonds and 1880, $1,097,524; rental, $395,108. Gross, 1881, $1,107,720; rental,
$398,779.
$1,500 in stock. John 8. Crooks, President, Boston.
Duluth <£* Winnipeg.—Road in progress from Duluth to Manitoba
Des Moines & Ft. Dodge.—Doc. 31,1881, owned from Des Moines to Fort
boundary line, 280 miles. The laud grant amounts to 1,800,000 acres,
Dodge. Iowa, 87 miles, with an extension, 11 miles, connecting with which is subject to the first mortgage. The stock is $5,000,000. Wm,
Iona Division of Chicago Mil. A St. Paul; and 230 shares common and 30 W.
Spalding, President, Duluth. (V. 33, p. 733.1
shares preferred stock per mile additional may be issued on this exten¬
Dunkirk Allegheny Valley <£ Pittsb.—Sept. 30, 1881, owned from Dun¬
sion. First 87 miles originally a division of the Des Moines & Valley
RR., built in 1870 and sold out in 1873. Gross earnings in 1880 were kirk, N. Y., to Titusville, Pa., 91 miles. A consolidation of the Dunkirk
War. A Pittsb. and Warren & Venango in 1872. Is owned by N. Y. Cent.
$324,725; net, $143,920. In 1881, gross, $401,532; net, $172,543.
Commou stock, $3,040,000 issued; preferred, $758,280 issued to De¬ A Hudson River Co., but accounts are kept separate. Gross earnings,
cember 31,1881.
(V. 32. p. 312, 434; V. 33, p. 23,736; V. 34, p. 114. 1878-9, $283,132; no net earnings; deficiency, $20,109; in 1879-80,
gross $261,947/ deficiency $17,217;
1880-81, gross $291,208, net
175,549,663,679.)
$5,302. Capital stock, $1,300,000; funded debt, $3,200,000. Nominal
Des Moines & Minneapolis— July 1, 1881, owned from Des Moines, Ia.» cost of
property, $4,816,544.
toCallanan, la., 58 miles. Leased in perpetuity to Chicago A North¬
East Broad Top (Pa.)—November 30, 1881,.owned from Mount Union,
Rental for 1881 $59,04.--.. Stock, common, $190,700; prowestern.
Pa., to Robertsdale, Pa., 30 miles. A coal road, opened in 1874. The
ferred, $268,507.
stock is $549,248. In 1878 gross earnings were $90,808 and net earn¬
Des Moines Osceola (£■ Southern.—Projected from Des Moines, la., to
ings $38,122; 1880-81, gross, $127,940 ; net, 42,356.
Kansas City, Mo., 300 miles, of which a portion is built, and road was
East Pennsylvania—Nov. 30,1881, owned from Reading, Pa., to Allen
expected to open in August, 1882. 8tock, $7,000 per mile; bonds,
town, Pa., 36 miles. It is leased for 999 years from May 19, 1869, to the
$6,000 per mile. B. L. Harding, President, Des Moines.
Pliila. A Reading RR., at a rental of 6 per cent per annum on the stock
Det. Grand Haven <6 Mil—Doc. 31,1881, owned from Detroit, Mich., to and interest on the bonds. G. A. Nicolls, President, Reading.
Grand Haven, Mich., 189 miles. This is a reorganization of the Detroit
East Tennessee Virginia d- Georgia.—The. East Term. Va. A Ga. RR. is
A Mil. which was sold in foreclosure 8ept., 1878.
A siitlicient amount
composed of the following lines, which were consolidated July 20, 1881,
of first mortgage bonds is reserved to retire Detroit & P. bonds under
the above title: The E. Tenn. Va. A Ga. RR., the Macon A Bruns¬
on maturity.
The bonds are guaranteed by the Gt. Western of Canada. wick RR., the Cin. A Ga. RR., the Knox. A Ohio RR.. and the Alabama
bonds draw 5 per cent till Nov., 1883, and 6 afterward.
The consol,
Cent. RR., making a total of 1,123 miles, made upas follows: Bristol to
The stock is $1,500,000. Gross earnings in 1880, $1,220,076; net,
Chattanooga, Tenn., 242 miles; Morristown to Paint Rock, Tenn., 45
$403,812. In 1881 gross earnings, $1,200,928 ; net, $317,247 ; interest, miles; Knoxville, Tenn., to Kentucky State line, 66 miles; Cleveland,
charge, $286,855.
Tenn., via Dalton Rome A Selma, to Meridian, Miss., 380 miles; Ooltwah*
Det. Hillsdale <£ South w.—Dec. 31,1881, owned from Ypsilanti, Micli.- to Red Clay, Tenn., 12 miles; Rome, Ga., via Atlanta, to Macon. Ga.,
to Banker’s, Mich., 65 miles. The Det. II. & Ind. road was sold in fore, 378 miles." Tin* line from Macon to Rome, 178 miles; the Ooltewali cut¬
closure December 28, 1874, and this company organized by the bond, off, 12 miles ; 26 miles of the Knoxv. A O. Br.,to the Kentucky State line,
holders. In Aug., 1881, leased in perpetuity to the Lake Shore A Midi- and 5 miles of the Morristown Br., 220 miles in all, are under construc¬
Southern Co. for $40,500 per year (3 per cent) on stock for two years, tion, leaving 902 miles of road operated by the consolidated company
and $54,000 per year (4 p. ct.) afterward.
(V. 33, p. 225.)
January 1, 1882.
The company’s application to the N. Y. Stock Exchange, July, 1881,
Detroit Lansing <& Northern.—Dec. 31, 1881, owned from Grand Trunk
Junction, Mich., to Howard City, Mich., 157 miles; branches—Stanton had the following: “ Of the first mortg. consol, bonds, there are held in
Junction to Big Rapids, Mich., 63 miles; Belding Branch, 1^ miles; trust bj' the Cent. Trust Co. $7,509,000, to retire the same amount of the
leased, Grand Trunk Junction to Detroit, 3 miles; Lansing to No. outstanding divisional and sectional bonds. There are also held in trust
Lansing, 1 mile; total operated, 225 miles. A consolidation, April 11, by the same trustee, $3,500,000 bonds to provide for the completion of
1871, of the Detroit Howell A Lansing, the Ionia & Lansing and the the Rome Atlanta A Macon division of the company’s railroad now in
Ionia Stanton & Northern railroads, under the name of Detroit Lansing progress, 178 miles in length, and the company lias contracts with
& Lake Michigan RR., which was sold in foreclosure December 14,1876, responsible parties for the completion of the division during the year
for the proceeds of the funds so held in trust. The company owns 1,123
and new stock issued as above.
The annual report for 1881 had the following: “During the year miles of railroad, of which 902 miles are in operation and the remainder
1881 the bonded debt was increased by the sale, at 17^ per cent to 17^8 is in progress. It also operates under a lease for twenty years from
percent premium, of $178,000 Detroit Lansing A Northern Railroad July 1, 1879, the lines of the Memphis A Charleston Railroad Company,
Company’s 7 per cent mortgage bonds due January 1, 1907, the prin¬ from Chattanooga to Memphis, Tenn.. 310 miles, and the Florence ana
cipal of which was applied to the payment of $81,000 Ionia A Lausing Somerville branches, 20 miles, in all 330 miles, making a total of 1,232
Railroad Company’s second mortgage 8 per cent bonds, which matured miles of proprietary and leased lines now in operation and 221 miles in
•November 1. 1880, and to the -completion of the Stanton Branch. The progress. The lease of the Memphis A Charleston RR. is an operating
premium paid upon the bonds was applied to the purchase of equipment lease simply, and creates no moneyed obligation against the East Tenn.
Va. A Ga. RR., all net earnings being paid over to the lessor company.
for the road.
The bonded debt was decreased by the payment of $50,000 Detroit The company has $5,000,000 cash m its treasury for equipment and
bansing A Lake Michigan Railroad Company’s depot ground 7 per cent betterment purposes.” In March, 1882, a new arrangment was effected
mortgage bonds, due November I, 1881, the amount now being carried consisting of a purchase by the East Tennessee Comjmny of the stock
as a
floating debt to be ultimately provided for from the sale of bonds of the Memphis A Charleston Company, amounting to $5,312,725, in
0
exchange for which it was to issue new securities, the amount of which
company, due January 1,19u7, reserved for that purpose.”
includes $7,000,000 common stock, $4,387,000 preferred stock, and
Tne gross earnings, expenses and net income for four years were:
$4,387,000 income bonds. This does not affect the $4,222,000 mortgage
1878.
.1881.
1879.
1880.
Memphis
From passengers
$280,142
$236 734
$314,674
$370,474 bonds on the Memphis A Charleston propert}'. ofThe issue to thein income
their holdings
From freight
694.372
786.764
852,931
959 814 A Charleston stockholders was at 70 per cent
From miscellaneous..
38.926
42.024
35,545
47,409 bonds, 70 per cent preferred stock, and 100 per cent common
stock. The incomes pay 6 per cent interest in April and October if
Denver So. Park <£• Fac.
to Buena Vista, Col., 135
,,
$1,108,932
$1,203,151
$1,377,698
659,787
Net
earn
iV. 32, p. j
739,004
934.429
$449,14.5
$464,146
$443,269
earned.
yet been issued,
to under¬
stand. The earnings and expenses of the consolidated road for tho Six
months ending December 31,1881, were as follows:
No annual report of the consolidated company has
and its financial status is somewhat complicated and difficult
RAILROAD
Subscribers will confer
a
on
first page
headings, &c., see notes
of tables.
East Tennessee Virginia dk Georgia—Continued)—
East Tennessee and
Virginia (endorsed)
2d mortgage to U. S. Government
130
m
1856
1872
m
282
1851
1876
Mortgage funding certilicates
Eastern (N. II.)—Stock
Eastern Shore (Md.)—1st mortgage
Eel River—Stock
1st mortgage
Elizabeth City dk Norfolk- 1st mortgage, gold
2d mortgage, income (cumulative)
Sinking fund debenture certilicates
Elizabeth. Lex.itBig Sandy— 1st mortg., cp, or rcg..
Elmira Jeff. <t Canandaigua.—Stock
Elmira <& Williamsport—Stock, common
Preferred stock
1st mortgage bonds
Income bonds, 999 years to run
16
38
94
94
75
1882
Amount
Outstanding
•
•
.
100
100 Ac.
500 &c.
100
100 Ac.
100
4,997,600
3
J. & J.
6
M. &
194,400
Evansv. & Ill., sink, fund
1st mortgage., sink, fund, (Evansv. to T.H.)
Consol, mort., gold (for $1,500,000)
Evansville Terre Haute dk Chic.—1st mort., gold
2d mortgage, gold
Fitchburg—Stock
Bonds, coupons, ($3,500,000 authorized)
Flint dk Pere Marquette—Preferred stock
Reorganization mortgage bonds, gold
Flint. & Holly RR. (sink’g fund $25,000 per year).
From other
1860
1863
500
50
100 &C:
lOO&c
56
115
51
109
144
55
55
1869
1,6*00
1852
1854
1,000
50
1869
1872
1,000
1,000
’74-’80
1,000
1880
1868
i,obo
1,202,539
69,9 L9
15,472
Maintenance of way...
$304,333
Rolling stock
Transportation
Miscellaneous, includ’g
343,016
taxes
$1,735,588
Net earnings
—(V. 32, p. 69, 265. 552, 612; Y. 33. p.
246,166
126,143
Total
$1,019,658
$715,929
303, 357, 468. 716, 736; V. 34,
p. 291, 625, 679; V. 35, p. 50, 51, 103.)
Eastern, Ifass.—Sept. 30,1881, owned from Boston, Mass., to New
Hampshire State Line, 41 miles; branches—Salem to Marblehead, 4
miles; Beverley to Gloucester, 17 miles; Salisbury to Amesbury, 4
miles; Revere to Lynn, 10 miles; Peabody to Wakefield, 8 miles; Salem
to Lawrence, 20miles; others, 14 miles; leased—Eastern RR. of N. H., 16
miles; Newburyport City RR., 3 miles; Portland Saco & Portsmouth, 51
miles; Portsmouth & Dover, 11 miles; Portsm. Gt. Falls & Conway, 71
miles; Wolfeboro Railroad, 12 miles; total operated, 282 miles.
The company became embarrassed in 1875 and compromised with its
bondholders by the issue of a general mortgage to fund all the prior non¬
mortgage debts, the new bonds to bear 3*2 per cent for three years from
1876, then 4^ per cent until September, 1882, and 6 per cent thereafter.
Notes payable are $687,200, secured by collateral or real estate.
The last annual report was published in V. 33, p. 561. Operations and
warnings for live years past were as follows:
Gross
Net
Passenger Freight (ton)
Years.
Miles.
Mileage.
Receipts.
Receipts.
Mileage.
282
68,502,002
39,099,659
$2,451,323 $799,317
282
61,706,681
39,116,073
871,810
2,422,394
282
65,403,019
44,996,094
2,485,977
994;785
282
77,081,998
61,707,305
2,905,056 1,084,927
282
83,411,100
63.099,873
3,094,273 1,124,600
—(V. 32, p. 15, 687; V. 33, p. 527, 561; V. 35, p 21.)
....
Eastern (N. H.)—Sept. 30, 1881, owned from Portsmouth, N. H., to
Seabrook (Massachusetts State Line), 16 miles. It was formerly leased
for 99 years to the Eastern (Mass.) RR., and a new lease was made from
Oot. 1,1878, for 60 years and two months at $22,500 per year, equal to
per cent per annum. Moody Currier, President, Manchester, N. H.
Eastern Shore (Md.)—Dec. 31,1881, owned from Delmar to Crisfleld,
Md., 38 miles. The road was sold in foreclosure Feb. 19, 1879, subject
to the first mortgage. George R. Dennis, President, Kingsland, Md. Act
passed Legislature of Md., and signed by Governor (April, 1880,) to re¬
organize road. In 1882 a new mortgage was issued at 5 per cent, and
grior mortgage bonds$13,782. (V. 35, p. 160.)
11881, $68,616; net, exchanged. Stock, $460,000. Gross earnings
Eel River.—Dec. 31, 1881, owned.from
Logansport., Ind., to Butler,
formerly the Detroit Eel River <fe Illinois RR.,
•sold under foreclosure July 6, 1877, and reorganized under present
Ind., 94 miles.
This
was
name Dec. 10,1877.
In August, 1879, it was leased to the Wabash St.
JJouis & Pacific Railroad for 99 years, at a rental of 3 per cent per
•annum on the stock for two years, 4 per cent for three years, and 4*2
per cent thereafter.
Elizabeth City (6 Norfolk.—December 31,1881, owned from Norfolk,
Va., to Edentun, N. C., 75 miles. Capital stock, $1,000,000. (V. 34,
p. 62.)
JEZizabel h town Lexington dk Big Sandy.—Road owned February, 1832 :
Big Sandy River (C. & O. Junction) to Ashland, 8 miles; Straits Creek
Junction to Lexington, 102 miles; leased—Ashland to Straits Creek
Junction, 22 miles; total operated, 132 miles. Charter permits exten¬
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 (V. 32, p. 544; V. 34, p. 292.)
Elmira Jefferson <& Canandaigua.—Dec. 31,1881, 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. BH. 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.
Elmira <t Williamsport.—Dec. 31,1881, owned from Williamsport, Pa.,
to Elmira, N. Y., 76 miles. This company was reorganized under the
present name Feb. 29, 1860, and leased to the Northern Central Rail¬
way for 999 years from May 1, 1863, at a rent al of $155,000 per annum
«iuce Jan. 1, 1880. The dividends on the common stock are 5 per cent
And on the preferred 7 per cent. Operations are included in the North¬
ern Central returns.
Erie <t Pittsb.—Dec. 31,1881, owned from 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 1865Itwas leased to the Pennsylvania RR. for 999 years from March
1,
1870, at a rental of 7 per cent on stock and interest on the bonds,
and the lease was transferred to the Pennsylvania Co. The lease has
Dividend.
•
•
Wilson & Co.
May 1, 1886
Jan.
•
S.
M. & 8.
J. & D.
....
....
Boston.
do
Boston and London.
Boston, by Treasurer.
Philadelphia.
Bee.
Boston, by Treasurer.
Mar. 1, 1882
F. & M.
M. & S.
New York.
A. & O.
New York.
M. &. S.
'
do
do
do
Jan. 1, 1970
Oct. 1, 1892
Mar. l, 1902
do
do
do
N. Y., Union Trust Co.
do
do
J. & J.
7
do
do
A. & O.
7
do
do
J. & J.
7
do
do
A. & O.
7
6
J. & J. Bost., Mercli. Nat. Bk.
M. & N.
2
Company’s Oliico.
J. & J. N.Y.,Farm. L’an& T.Co.
7
do
do
7
M. & N.
do
do
6 g. J. & J.
9 g* M. & N. N.Y.,Farm.L’an & T.Co.
do
do
6 g. J. A J.
J. & D.
3
Boston, Office.
<>
do
6 & 7 A. & O.
3
0 g. A. & O. N. Y., Mer. Ex. Nat. Bk.
M. & N. N. Y., Meehan. Nat. B’k.
10
Q.-M.
1H
«.
5,
....
'
1, 1881
Sept. 1, 1920
Yearly.
J. & J.
J. & J.
A. & O.
6
5
1, 1887
July 15.1873
Sept. 15,1886
Sept., 1908
(?)
....
2*2
3^
300,000
500 Ac.
Stoeks—Last
Baltimore, N. Cent. RR.
M. & N. Phila., Penn. R. R. Co.
5
500,000
500,000
500,000
1,000,000
570,000
1,998,400
249,200
91,800
2,236,000
685,000
1,000,000
3,000,000
281,000
2.078,000
775,000
325,000
4,950,090
2,000,000
6,500,000
3,088,000
100
345
283
17
2,792.800
611,000
1,000
1,000
189
.
1,000
1876
5
1
7
6 g.
6
6
6
3,500,000
1,000
1862
1865
1868
2H
1,000,000
250,000
100
50
50
EXPENSES.
$447,657
sources
Total
1872
•
47ag.
13,429,605
492,500
500,000
pal,When Due
.
M. & N. N. Y., R. T.
140,000
900,000
1,000
1,000
1,000
1,000
81^
81is
81*2
Europ'n <tN.A m.—1st M., Bang’r to Winn..Bang’r l’n
Evansville <t T. Haute—Stock ($100,000 is pref. 7).
EARNINGS.
110
47
77
77
77
100
Equipment bonds
1st mortgage,
75
Where Payable, and by
whom.
*
Payable
When
6
4
1876-90 11887766--990
Erie dk Pittsburg—Stock
1st mortgage, convertible into consolid. mort
2d mortgage, convertible
Consolidated mortgage free of State tax
1880
1881
1881
Rate per
Cent.
$147,000
95,000
$1,000
•
Bonds—Prkuji*.
INTEREST OR DIVIDENDS.
Miles
Date
Size, or
of
Par
of
Road. Bonds Value.
m
Eastern (Mass.)—Stock
Essex RR.lst mort. (extended for 10 years)
From passengers
From freight
From mail and express
[Vol. XXXV.
great flavor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For explanation of column
STOCKS AND BONDS.
May 1, 1882
Jan.
Jan.
Oct.
1, 1882
1, 1910
1, 2862
Sept. 10, 1882
July 1, 1882
April 1, 1890
July 1, 1898
Oct. 1, 1890
Jan. 1, 1894
Nov., 1881
Jan. 1, 1887
Nov. 1, 1887
July 1, 1921
Nov. 1, 1899
Jan. 1, 1902
July 1, 1882
1894 to 1900
July 17,1882
Oct. 1, 1920
May 1. 1888
been quite unprofitable to the lessees; in 1879 the deficiency paid by
them was $232,653; in 1880, $242,819; and in 1881, $233,522. Wm. L.
Scott is President, Erie, Pa.
European <6 North Amerioan.—Sept. 30, 1881, owned from Bangor,
Road was worked in
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 issues new
stock ($2,500,000) for the land grant mortgage.
The company had
a land grant of 750,000 acres in the State of Maine.
In the year ending
September 30,1881, the gross earnings were $471,392 and net earnings
$73,224. (V. 33, p. 621; V. 35, p. 160, 211.)
Me., to Vanceboro (State Line), Me., 114 miles.
fconnection with the St. John & Maine,
Evansville dk Terre Haute.—Aug.
31, 1881, owned from Evansville,
Ind., to Terre Haute, Ind., 109 miles; Owensville branch, 12 miles;
total
operated, 121 miles.
Illinois, but
now
Formerly operated by Chicago & Eastern
Gross earnings, 1880-81,
(V. 33, p. 467, 343, 502.)
Chicago— June 30, 1881, owned from Terre
worked independently.
$688,758; net, $202,170.
Evansville Terre Haute dk
Haute Junction, Ind., to Danville, III., 49 miles; leased, 6 miles; total
operated, 55 miles. It uses 6 miles of the track of the Rockville Exten¬
sion into Terre Haute; also leases the Indiana Block Coal road, 14
miles. On April, 30, 1880, a lease to the Chicago & 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. <fe C. The
bonded interest was reduced to 6 per cent and preferred stock for $100,00q issued for overdue coupons. Earnings for three years were:
Miles.
55
55
55
Years.
Gross Earnings. Net Earn’f
•n’gs.
$222,782
1,233
209,673
77,224
94,236
242,896
—Josephus Collett, President, Terre Haute, Ind.
Fitchburg—Sept. 30,1881, owned from Boston, Mass., to Fitchburg,
(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 <fe Mass. RR., Fitchburg to Greenfield, 56
miles; Turners Falls Branch, 3 miles; Troy <k Greenfield RR., Green¬
field to North Adams, 37 miles; total, 190 miles. The Troy & Greenfield
RRf and the Hobsac Tunnel, owned by the State of Massachusetts, have
been operated by this company, and are now contracted to it for seven
The annual report for 1880-81 in Chron¬
years from Sept. 30, 1880.
icle, V. 33, p. 685, said : “ The increase in expenses, which reduced the
net earnings so largely, is partly explained below ; much of it was
doubtless due to the very low rates on through business for part of the
year, and something also to the general increase in cost of labor and
materials.” The result of the year was as follows: Net earnings. $528,392; interest, rentals and 7 per cent dividends, $692,991; defloit for
the year, $164,599.
Operations and earnings for live years past were as follows:
Passenger Freight (ton)
Gross
Net
Div.
Years.
Miles.
Mileage.
Mileage.
Receipts. Revenue. p.ct»
152 30,690,340 53,224,939 $1,920,413 $342,179
6
152 32,266,503 68,041,193
6
1,937,934
347,620
152 35,094,145 92,832,640
2,079,973
379,202
6
190 39,752,302109,323,290
488,851
8
2,454,598
18S0-81
190 42,854,047114,507,916
237,811
2,612,595
-(V. 32, p. 43, 334; V. 33, p. 622, 685 ; V. 34, p. 146, 488.)
Mass,
....
....
Flint dk Pere Marquette.—Dec. 31,1881, owned from Monroe, Mich., to
Ludington, Mich., 253 miles; branches—Bay City to East Saginaw, 12
miles; Flint Junction to Otter Lake, 20 miles; South Saginaw branch,
4 miles; Harrison branch, 15 miles; Manistee branch, 25 miles,
leased—Saginaw <fc Mount Pleasant Railroad, 15 miles; total oper¬
A Receiver was appointed in June, 1879; tbs
ated, 345 miles.
road was sold August 18,1880, under the consolidated mortgage, and
reorganization was made andpreferred stock ($6,500,000) issued for toe
consolidated mortgage bonds, and common stock ($3,500,000) is to bs
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, 1882, the land notes on
hand for lands sold were $902,059, and lands yet unsold 138,454 acres.
Annual report for 1881 in V. 34, p. 520. Earnings for four years past
were as
follows
Earnings—
Passenger
Freight
Mail, express, &c....
Total gross
earnings
Op’g expen’s & taxes
Net earnings
1878.
1880.
1879.
$
$
452,007
1881.
$
45,558
$
565,288
994,369
39,967
1,056,017
667,231
1,151,201
745,912
1,599,624
1,145,929
1,885,413
388,786
405,289
453,695
570,091
431,078
592,874
32,065
653,636
-
655,478
1,157,367
72,568
1,315,322
RAILROAD
1882.
August,
Subscriber*
will confer a great favor by giving
description.
w/ir explanation
jror exi
011
Ac., see notes
tables.
of column headings,
flr8t page
Gf
(Continued)—
guar, by lessees.........
TTn'Hv Wayne A Monroe, 1st mart., sinking fund.
riorUta Central d Western-let mort,, gold
Fmda Johnstown <6 Glovcrsville-lat mortgage ...
poiisol mortgage
•
vnrt Madison d Northwcstern-lat mort., gold....
viint
Date
Miles
of
of
Road. Bonds
dPere Marquette—
County, issued in aid,
Rav
65
10
1871
1877
1870
26
1880
100
100
100
109
All.
28
51
39
51
106
256
226
1880
59
*
Fort Wayne
Common
d Jackson-Fret.
stock,— per cent....
8 - -—
-- -
stock
Cincinnati d Louisville—Stock
d Denv. City- 1st M.,gold ($25,000
Vnrt Waunc
23 Worth
vt'/derick
d
Pennsylvania Line— 1st mortgage
Frmont Elkhorn
1st mortgage
Income bonds
STOCKS
p.m.)
d Mo. Valley- 1st mortgage
-
mort, gold, 1. gr.
MeScarf dTPacific Ex tension, 1st mortgage
....
2d mortgage
do
do
....
50
35
Houston d Hend. of 1871—1st mort
Ithaca d Sayre— 1st mort., s. f., gold
Galveston
Geneva
Georgia
Georgia
Pacific—...............
••--
307
Railroad d Ranking Co. Stock..........
Bonds, not mortgage
Bonds, not mortgage
....
....
Macon A Augusta, 1st mortgage
Grand Rapids d Indiana—Stock
land grant, gold (guar, by Pa. RR)...
gold, ($1,895,000 are land grant)
income mortgage bonds, for $10,000,000
Green Ray Winona d St. Paul— 1st mort. coup
2d mort. income bonds, reg., non-cumulative
Gulf Colorado d Santa Fe— 1st M., g. ($12,000 p.m.)
1st mort.,
1st mort.,
Hannibal d St. Joseph—Common stock
Preferred stock (7 p. c. yearly, not cumulative).
77
332
332
332
332
219
219
371
292
....
,
Amount
Par
Value.
Outstanding
$500
1,000
1,000
$75,000
1,000,000
309,000
100 Ac.
300,000
100 &C.
500 Ac.
1879-0,
196,000
1881
1,000
500 Ac.
1879
1,000
....
1,000
1,000
1,000
....
....
77A80
1867
....
....
1,000
100 Ac.
100
500
1.000
1,000
100
1869
1869
1875
1881
1881
1879
1,000
1,000
1,000
1,000
1,000
1,000
100
100
INCOME ACCOUNT.
1881.
$570,091
Disbursements—
Interest on debt
Dividends
Loss on cargo “ St. Albans”
$322,118
357,500
3,935
$683,553
$113,462
all expenses and
33, p. 254; V. 34,
Florida Central d Western—This "was a consolidation in January,
1882, of the Florida Central, the Jacksonville Pensacola & Mobile,
Ac. The capital stock was then reported as fixed at $3,000,000, divided
shares, of which Sir Edward Reed
10
8
7 g.
7
6
7 g.
>2
429,000
4,000k000
800,000
500,000
1,000
Receipts—
Net earnings
into 30,000
Mac Yeagh,
Rate per When Where
Cent.
Payable
700,000
....
1870
1871
1876
1880
’71-’80
1880
1881
1881
1872
1870
xxxi
INTEREST OR DIVIDENDS.
Size, or
2,284,800
....
Total disbursements
Balance, deficit
For six months of 1882 road showed a surplus over
fixed charges of $250,602. (V. 32, p. 288, 575 ; V.
p. 60, 520; V. 35, p. 211.)
BONDS.
Immediate notice of any error discovered In these Tables.
8018781
mortgage, new
Galveston Harrisb.d S.Antonio—1st
1st
AND
took 10,000; Wayne
6 g.
6
7
690,000
274,000
317,082
957,000
7
7
7
6 g.
7
5
6
7 g.
7 g.
4,800,000
1,000,000
20,000 p. m.
10.000 p. m.
1,493,000
600,000
3,000,000
4,200,000
289,500
2.000,000
296,000
4,985,081
4,000,000
2,905,000
1,095,000
1,600,0003,781,000
5,136,000
9,168,700
5,083,024
Whom.
A
&
&
&
A
....
New York.
J. A D.
A. A O. Pennsylvania. RR. Co.
A. A O. N. Y., Nat. Park Bank.
do
do
A. A O.
do
do
A. A O.
A. A 0, Boston, Everett Nat.Bk.
F. A A. N.Y.,D.,M.ACo.,A Loud.
Boston and London.
J. A D.
....
Stocks—Last
Dividend.
Sept. 1, 1887
Jah. 1, 1901
Jan. 1, 1907
July 1, 1900
May 1, 1920
April 1, 1905
May 4, 1882.
Dec.
1, 1921
1900
1901
1899
1886
1900
Feb. 1, 1910
June 1, 1905
1911
1911
J.
J.
J. N.Y., R. Sage, 78 B’way.
A J. N. Y., Metrop. Nat. B’k.
A
2L>
7
6
7
T.
J.
J.
A J.
A J.
A J.
7 g.
7 g.
7
6
8
7 g.
J.
A.
M.
F.
M.
J.
A
A
A
A
A
A
*3^
Payable, and by
New York.
S.
J. N.Y., Mercb. Nat. Bank.
J.
Jacksonville, Fla.
J. N. Y., St. Nich. Nat. B’k.
w o
c
O.
A. A O. New York or London.
M.
J.
J.
J.
A.
Princi¬
pal,When Due.
Q.-J.
July 1, 1902
July 1, 1890
Augusta,Ga., RR. Bank. July 15, 1.882:
do
do
Yearly to 1890
do
do
do
do
*
J. N. Y., Third Nat. Bank.
O. N. Y., Winslow, L. A Co.
do
do
S.
A. N. Y., Nat. City Bank.
do
do
N.
J. N.Y.Nat.City Bk.AGalv.
F. A A. N. Y.,
1897 A 1910
1887
1899
1899
1906
Feb. 1, 1911
May 1, 1911
July 1, 1900
Company’s Office Aug. 1, 188
1853-4 and sold in foreclosure Dec. 1, 1871, and reorganized. In 1870
foreclosure suit was begun by N. A. Cowdrey, one of the trustees of
a
defaulted
its interestMarch, 1882, a
the mortgage.
In July, 1880, the company
on
Road placed in trustee’s hands in September, 1880. In
decree of foreclosure was made, and road was sold Aug.
1, 1882, for
$460,000, and purchased in the interest of Jay Gould and Russell Sage.
The bondholders receive new 5 per cent bonds for their old bonds, and
the stock held by outsiders was wiped out. The capital stock was
$1,000,000. (V. 32, p 312, 500, 577; V. 33, p. 441, 502; V. 34, p..
146, 344, 378, 460; V. 35, p. 160, 211.)
Geneva Ithaca d
Sayre.—Sept. 30,1881, 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 A Athens RR., which had been formed by consolidation,
of the Geneva & Ithaca and Ithaca & Athens railroads, May 25, 1874.
In 1880 absorbed the Cayuga A South. RR., 37 miles. Tho 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
1,000; Reed and MacVeagh jointly, 11,000 ; Henry Arny, this
company organized in the interest of the Lehigh Valley RR. The
3.000; W. T. Carter, 2,000; Walter Hinchman, 1,500, and C. S. Hinchcommon stock is $1,275,000; preferred, $400,000.
Gross earnings in
(V. 32, p. 100, 334; V. 33, p. 124, 527; Y. 34, p. 60, 315.)
man, 1,500.
$318,464; expenses, $427,999; deficit, $109,535; gross in
Fonda Johnstown d Glovcrsville.—Sept. 30, 1881, owned from Fonda
$462,920; expenses, $452,725; net, $10,195. R. A. Packer isto Northville, 26 miles Road opened Dec. 1, 1870.
The stock is $300,- President, Sayre, Pa.
000.
Net earnings, after deducting interest and rentals, in 1879-80,
Georgia Pacific.—Projected line from Atlanta to Mississippi River.
$33,359; in 1880-81, $38,230. W. J. Heacock, President, Gloversviile, Built by Richmond & Danville Extension Co., which has $5,000,000
N.Y.
subscribed capital, half of which paid in June, 1882. (V. 33, p. 201; VFort Madison d Northwestern.—April, 1882, owned from Fort Madi¬ 34, p. 60, 575, 687; V. 35, p. 71, 189.)
son, la., to Birmingham, la., about45 miles. Projected line, Fort Madison
Georgia Railroad d Ranking Company.—Augusta, Ga.,to Atlanta, Ga.r
toOscaloosa, la., 100 miles.
Under construction, and bonds sold in 171 miles; branches to Washington and Athens, 60 miles; Warrentonr
New York, 1881, and also offered in Loudon May, 1882. Earnings in
Ga., to Macon, Ga., 76 miles; total operated, 307 miles. The West¬
1881-2, $47,462; net, $20,727. Stock, $354,700. V. 34, p. 604.
ern RR. of Alabama, purchased in May, 1875, at foreclosure, is owned,
Fort Wayne d Jackson.—Dec. 31,1881, owned from Jackson, Mich., to jointly with the Central RR. of Georgia. The Macon & Augusta RR.r
Fort Wayne, Ind, 100 miles. This road is successor to the Fort Wayne 76 miles, is owned by this company. The Port Royal A Augusta RRJackson & Saginaw, which made default on its bonds and was sold in is owned in part by this company. In April, 1881, a lease for 99 years
foreclosure Dec. 3,1879. Eight per cent preferred stock given for old was made to W. M. Wadley and associates at $600,000 per year, pay¬
first mortgage bonds and interest, and 60 per cent in common stock and able semi-annually, and dividends are 2*2 per cent quarterly from Oct.
1, 1881. (V. 32, p. 69, 334, 396, 420, 526, 551, 612; V. 34, p. 662.)
40 per cent in 8 per cent preferred given for old second mortgage bonds.
Gross earnings in 1881, $295,502; net, $117,602. (V. 35, p. 131.)
Grand Rapids d Indiana.—Dec. 31, 1881, owned from Fort Wayne
Fort Wayne Cincinnati d Louisville.—From Fort Wayne, Ind., to Con¬ Ina., to Bay View Mich., 332 miles; leased and operated: Cm. Richmond
& Fort Wayne RR.. 86 miles; Allegan A 8. E. RR., 11 miles; Traverse
nors ville, Ind., 109 miles; branch to Rushville, Ind., 24 miles; total
The Fort Wayne Muncie & Cincinnati Com¬ City Railroad, 26 miles; Bay View Little Traverse A Mackinaw Rail¬
operated, 128 miles.
pany defaulted and a receiver was appointed Nov., 1874.
The road road, 6 miles; total, 462 miles. This road was opened in May, 1874For the terms of the lease of Cincinnati Rich. & Fort Wayne Railroad—
was sold in foreclosure, July 27, 1881, to Elijah Smith, for the bond¬
holders, for $1,000,000. The bondholders reorganized under this name. see that company in this Supplement. The Grand Rap. A Ind. RR. ia
(See plan, V. 32, p. 577.) Elyah Smith, President, Boston, Mass. (V. operated in the interest of the Pennsylvania RR. Co., and $4,000,000 of
the first mortgage bonds are guaranteed by that company, which buys32, p. 121, 577; V. 33, p. 100, 153; V. 35, p. 131.)
the coupons each year that remain unpaid by the earnings, and on Jan
Fort Worth d Denver City—Road in progress from Fort Worth, Texas,
ipons were lield by Pa. RR. and Pa. Conorthwest to the Canadian River at a junction with the Atl. & Pacific, 1, 1882, $1,862,170 unpaid cou
First mortgage bonds
fund are replaced
385miles; and in July, 1882, in operation to Wichita Falls, 115 miles. income bonds issued. redeemed by the sinking grants amounting byThe company had land
to
built by Texas A Colorado Improvement Co., G. M. Dodge, Pres.
Being
Stock $25,000.per mile. (V. 33, p. 384, 716; V. 34, p. 453,522, 604,679 ; 852,960 acres, and sold in 1881 46,766 acres, for $645,283. The landsunsold on Jan. 1. 1882, were 530,356 acres. The assets were $1,126,V. 35, p. 23, 131.)
529 cash in hands of trustees; $751,880 bills receivable, and cash with
Frederick d Pennsylvania Line.—Dec. 31,1881, owned from Kingsdale cashier, $59,748. Operations and earnings for four years past on main
to Frederick City, Md., 28 miles. It is leased to Pennsylvania RR., line were as follows :
which pays interest on first mortgage. Preferred stock held
Passenger
Freight (ton)
Gross
Net
by Penn¬
sylvania RR., $460,000; common stock, $312,528. John Loats, Pres., Years.
Mileage.
Mileage.
Earnings. Earnings.
Miles'.
Frederick City, Md.
Fremont Elkhorn d Missouri Valley.—Fremont to
Mid Norfolk Junction to Creighton, Neb., 254 miles.
& Pac. RR. The rental is 33*3 per cent of gross
Longpine, Neb.,
Leased to Sioux
earnings. Stock,
$1,324,500.
Galveston Harrisburg d San Antonio.—Dec. 31, 1881, owned from
Harrisburg, Tex., to San Antonio,Tex., 215 miles; Houston to Harris¬
burg, li miles; Lagrange Extension, 30 miles. Total operated, 256
nuie8.
Extensions to the Rio Grande and to El Paso in progress,
inis was a successor to the Buffalo Bayou Brazos & Col. Railway,
J’oa(I was opened to San Antonio March 1, 1877. The capital stock
“^11>720,686. The 1st mortgage covers the property and about 1,800,JJOO acres of land. The proceeds of land sales are used to retire the
bonds, and a
i
with
sinking fund of 1 per cent begins in 1880, but it is optional
bondholders to surrender their bonds, if drawn. In June, 1881, a
controllingjnterest in the stock
was
bought ;by Southern Pacific parties.
Abe land
grant is sixteen sections (10,240 acres) per mile.
<sc., for four years were:
1878.
1879.
1880.
Cross
earnings
operating expenses
Earnings,
1881.
$1,325,846 $1,390,670 $1,392,890 $1,258,917
571,904
755,045
533,832
593,725
Net earnings
Interest paid
$792,014 $818,766 $799,165 $530,872
$367,8823 $39,288 $354,784 $370,593
--(V^32, p.334, 660. y 33, p. 75, 528; V. 34, p. 114, 315, 522, 707;
V.3o,p. 78, 103, 213.)
cJZhe?ton Houston d Henderson of 1871.—Dec. 31, 1881, owned from
waiveston,
Tex., to Houston, Tex., 50 miles.
The road was opened in
15,184,660
17,823,880
21,309,396
24,661,483
V. 33, p. 47, 225,
332
332
332
332
42,437,701
51,267,197
69,801,159
79,316,473
622, 716 ; V.
$1,200,629 $242,458
1,345,134
432,6451,692,754
476,7451,940,570
562,890
34, p. 315, 602, 663; V-
-(V. 32, p.'155;
35, p. 23, 51.)
Green Ray Winona d St. Paul.—Dee. 31, 1881,
Bay, Wis., to Marshland, Wis., 209 miles: branches,
owned from Green.
10 miles; total, 210
miles. This was a reorganization in 4881 of the Green Bay A Minne¬
sota, which company made default and the road was sold March 12r
1881. See full statement of debt and plan of reorganization in Chron¬
icle, 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. (V. 32, p. 69, 100r
368, 396, 636; V. 33, p. 441, 580, 587, 641, 736; V. 34, p. 264.)
Gulf Colorado d Santa Fe.—July 31,1881, operated from Galveston to
Belton, Texas, 226 miles, including 19 miles of Int. & Great Northern,,
leased.
Branches—Temple Junction to Fort Worth, 128-miles; Bel.
ton to Lampasas, 38 miles; total operated, 392 miles.
Since July 31
has bought the Montgomery Central, 28 miles, and is extending it.
Road opened late in 1878 (63 miles), and sold and reorganized
April 15, 1879. Formally opened under new regime August, 1880.
Extension in progress. Total constructed March, 1882, 354 miles.
Stock authorized. $2,350,000. Gross earnings in 1880-81 on 245 miles
of road. $777,435; net, $253,751. George Sealy, President, Galveston,.
Tex.
(V. 32, p. 312; V. 33, p. 47, 470, 502; V. 34, p. 114, 344, 479, 488r
715.)
Hannibal d St. Joseph— December
31, 1881, owned from
Hannibal,
RAILKOAD
XXX11
Subscribers will confer
a
explanation of column headings, Ac., see notes
on
-
first page
BONDS.
of tables.
Miles
of
Road.
Date
of
Bonds
Size,
INTEREST OR DIVIDENDS.
or
Par
Value.
Amount
Outstanding
Rate pei
Cent.
.
Hannibal d St.
Joseph—(Continued)
..
..
Bonds Quincy Ac Palmyra RR
Bonds Kansas City Ac Cam. RR
Harrisb. PortsnTlh ML. Joy d Lane.— Stock
1st mortgage
Harrisburg d Potomac— 1st mortgage, coupon
0()G
292
15
53
54
54
28
44
07
120
120
74
1870
1878
1881
$....
$ 1,000,000
1.000
1,000
781
Hartford d Conn. Tal.—Bonds forexten. ($400,000)
Hartford d Western Connecticut—Stock
Housatonic—Stock
Preferred stock
1st mortgage, coupon
2d mort. bonds of 1809
3d mort., reg
Equipment bonds of 1873
Houst. Last d West Texas.—1st mortgage, gold
Houston d Texas Cent.—1st M., (main) gold, l.gr.,s.f.
1st mort., 1. gr., West div. (Hempstead to Austin)
1st M., gold,Waco AN’west (Bremond to Roshj
Consol, mort., land grant, Main and Western Div.
Consol, mort., land grant, Waco Ac Northwest
Gen. mort., gold (for $18,500,000)
Huntingdon d Broad Top— 1st mort., gold
2d mortgage, gold
Sd mortgage consolidated
187-90.
When
Payable
Where Payable, and by
Whom.
pal,When Dug,
...
Stocks—Last'
Dividend.
—
Bonds 1870, convertible
Land grant bonds, secured by laud notes
Consolidated mort. (for $8,000,000)
Scrip for interest 1st and 2d mortgages
Illinois Central—StocK
Mortgage bonds, sterling
Sterling bonds, (sinking fund £20.000 yearly)
Mortgage, sterling
Bonds, coup. ($2,000,000) M. on Cl). Ac Sp. RR
Bonds, reg., mort. on Middle Div
Perpetual annuities
Illinois Midland— 1st mortgage, gold
[Vol. xxxy.
great favor by giving Immediate notice of any error discovered In tliese Tables.
DESCRIPTION.
For
STOCKS AND
111
345
119
58
404
58
5'J2
58
58
58
....
1807
.
■
1853
1874
....
1805
1809
1880
1873
1878
1866
1870
1873
1872
1875
1*81
1854
1857
1805
.....
.
.
50
500 &c.
100 Ac.
....
100
100
500 Ac.
500 Ace.
500 Ac.
500 Ac.
700
700
1875
1871
700
111
101
1875
1877
1878
147
1875
0)
(?)
1,000
1,000
500
500
1,000
307,500
1.197,000
1,000
1.000
1,000
1,000
100
£200
£200
£200
1,000
1,000
....
M. A
8
7
0
8
10
8. N.
A J. X.
M. A S. N.
F. A A.
J. A J.
J.
A
J. A
J. A
3*2
0
T
J.
J.
J.
Y., B,’k. No. America.
Y., Farm. L. A T. Co.
Y., B’k. No. America.
do
do
do
do
Phila., Co.’s Office.
do
do
Mar., 1885
Jan. l, 1889
Mar. 1, ion
Jan., 1892
Jan., 1892
July 10,1882
July 1, 1883
1, i9oi
Phila., Third Nat. Bk.
Jan.
Bridgeport A Boston.
Bridgeport, Office.
July 15,1882
Aug. 1, 1885
July 1, 1889
April 1, 1910
....
.....
820,000
1,1 SO,000
100,000
300,000
300,000
150,000
777,000
0,202,000
2,270,000
1,140,000
4,11 7,000
8 1.000
4.300,000
410,000
1,000
....
1,320
90,000
3,000,000
433,000
1,200,000
1,182,550
700,000
507,200
123,115
29,000,000
2,500,000
4.150,000
1,000,000
1,600,000
000,000
(?)
4,175,000
o
7
6
5
7
7
7
7
7
8
Q.-J.
g.
g.
g.
g.
8
0 g.
7 g.
7 g.
5
7
3
*2
0 g.
5 g.
5 g.
0
5
4
7 g.
F. A
J. A
A. A
F. A
M. A
.). A
J. A
J. A
A. A
M. A
A. A
A. A
F. A
A. A
J. A
M. A
A. A
A. Ac
J. A
J. A
F. A
A.
do
do
J.
O.
do
do
A.
Bridgeport.
N. N. Y., Union Trust Co.
J. N. Y., J. J. Cisco A Son.
do
do
J.
J.
do
do
do
O.
do
do
N.
do
O.
do
do
O.
Philadelphia, Office.
do
do
A.
O.
do
do
do
D.
do
S.
N. Y., Treas.’ Office.
O.
London.
O. London,Morton R.A Co.
D.
do
do
J.
N. Y., Treas.' Office.
do
do
A.
Feb. 1,
1883
1898
July 1. 1891
July 1, 1891
July 1. 1903
Oct,
1, 1912
May 1, 1915
April 1, 1921
Oct,
1, 1890
Feb., 1. 1895
April 1, 1895
Dec. 1, 1889
Sept. 1. 1882
April 1, 1805
April 1. 1903
Dec.
Jail.
1, 1905
1. 1898
Aug.
1,1921
Jail.
1, 1905
.
J.
A J.
to Red River City, Tex., 345 miles; branches—Hempstead, Tex.,
Austin, Tex., 118 miles; Bremond, Tex., to Ross, Tex., 58 miles;
Quincy, Ill., 13 miles; total operated, 292 miles. The main line was total operated, 522 miles. Texas Central Railroad completed from Ross
opened February, 1859. The company had a Congressional land to Mount Airy, 100 miles, December 31, 1880, and construction in pro¬
grant and received $3,090,000 in bonds from tin* State, of Missouri, which gress. Opened March 11,1873. The Austin Branch, or Western Div.,
was opened in 1871.
loan was repaid in easli June. 1881, but. litigation followed as to the
The company has a land grant from the State of
interest payable on the State bonds. The land sales for four vears,past Texas of 10,240 acres per mile, amounting to about 5,130,720 acres;
were as follows: 1878,15.209 acres for $1 52,783. average $10 45 per
but the lands, as in the case of other Texas roads, are not on the line
of the road, and much of the land will be made available, it is reported,
acre; 1879,01,272 acres for $491,773, average $7 70 per acre ; 1 .%■'),
74,802 acres for $551,774, average $7 37 per aero; 1881. 29,830 acres by. the construction of other Texas roads. Iu 1877 the company was
for $204,107, average $6 81 per acre. Preferred stock has prior right embarrassed and application was made for a Receiver; but the difficul¬
to a non-cuniula:ive dividend of 7 per cent; then common to 7; then ties were adjusted by the issue of iucome and indemnity bonds (paid oft
both share.
July, 1881), and Mr. Morgan, of the Louisiana 88. Line, bought a con¬
The annual report was published In V. 34, p. 289. The income account trolling interest iu the stock.
The general mortgage of 1881 for
for four years has been as follows:
$18,500,000 is made to the Farmers' Loan & Trust Co. as trustee. Lust
1878.
1379.
1830.
1881.
report of earnings gave the following:
Gross Earn’gs.
$
$
Net Earners,
$
$
Total gross earn ngs.
2,045,450
2,501,390
1,997,405
2,257,231
$3,205,084
$1,431,913
1880 (522 miles)
Bet Receipts —
3,741,000
1,733,677
Net earnings
780,350
773,9 PS
819.939 1881 (522 miles)
3,748,055
1,250.800
1,006,782
Premium on bonds...
288,978 —(V. 32, p. 414. 488, 578, 012, 085; V. 33, p. 401; V. 34, p.01,114,
Miscellaneous
93,500
41.795 231. 204, 292; V. 35, p 77, 161.)
1,514
0,35 4
Lands Ac 1. gr. bonds.
580,791
03,610
37.559
297,107
Huntingdon d Broad Top.—Dec. 31, 1881, owned from Huntingdon,
Pa., to Mt. Dallas, Pa., 45 miles ; branches—Slump's Run, 9 miles; SixTotal net income.
1,454,707
1,072.001
1,188.271 mile Run, 5 miles; and SandyRun, 3 miles; total operated, 02 miles.
1,320,701
Disbursements—
$
$
$
$
This road was opened in July, 1850. The capital stock is $1,200,450 com¬
Interest on debt
000.000
054.640
657,320
054,0 ;o mon and $1,923,000 7 per cent preferred stock. Interest in default on
Dividends on pr. st’k.
(6*2)330.395 C)3'»5,810 the consolidated mortgage bonds was funded into stock, including April,
Hire of cars
5,180
15,320 1881, coupon, and interest to be resumed at 5 instead of 7. Earnings
Old debts
412,200
in 1881, $332,053; net, $105,712.
(V. 32, p. 155, 368.)
Add’s, to prop. A eq..
1 12.418
108.081
382,507
139,902
Illinois Central.—Dec. 31, 1881. mileage was as follows :
Main line—
Tot. disbur8em’ts.
797,222
1,454,707
1,132,633
1,134,157 Chicago to Cairo, 305 miles; Dunleitli to Centralia, 341 miles. Brandies—
Balance, surplus...
275,382
53.814 Otto to Colfax and Miuouk, 101 miles; Gilman to Springfield,111 miles.
194,131
—(V. 32, p. 15,100, 145. 310, 420, 658; V. 33. p. 73, 298. 303. 687, 734; Total owned, 918 miles. Leased—Dubuque to Iowa Falls, 143 miles;
Iowa Falls to Sioux City, 183 miles; Waterloo to Minnesota State Line,
Y. 34, p. 32, 177, 204, 289, 315, 344, 549; V. 35, p. 103, 189.)
70 miles. - Total leased, 402 miles. Total operated Dec. 31, 1881, 1,320
Harrisburg Portsmouth Mount Jog d Lancaster.— Dec. 31, 1881, miles. From July, 1882, the Chic. St. Louis Ac N. O. road was leased.
owned from Dillerville, Pa., to Harrisburg, Pa., 36 miles; branch,
This company was organized in March, 1851, and the whole road
Middletown, Pa., to Columbia, Pa., 18 miles; total operated, 54 miles.
opened September, 1855.
The terms of the leased lines in Iowa are
The property was leased to the Pennsylvania Railroad Co. for 999
given under the names of those companies. The general mortgage of
years from Jan. 1, 1801, the rental being 7 per cent on the stock and 1874 provides for all bonds outstanding. The Illinois Central was
interest on the bonds. Operated as a part of main line of Penn. RR.
one of the first, and lias been one of the most successful, of the land
Harrisburg d Potomac— Dec. 31, 1881. owned from Bowmansdale to grant roads. The company acquired a controlling interest in
Jacksonville, Pa., 28 miles; branch to mines, 2 miles; total operated, 30 Chicago St. Louis & New Orleans Railroad, to which it made large
miles. Extensions are projected from Jacksonville to Shippensburg and advances, and owned December 31, 1881, $0,070,000 of the stock
from Bowmansdale to Harrisburg. Road opened through in 1878. Bonds and $3,032,000 of the 5 per cent gold bonds.
From July 1, 1882,
authorized, $1,800,000. Stock $379,165. C. W. Ahl. Pres., Newville. Pa. Leased the Chicago St. Louis Ac New Orleans for 400 years, at 4
The Chicago Ac Springfield Railroad
Hartford d Connecticut Talley.—Sej
ept. 30, 1881, owned from Hartford, per cent per annum ou stock.
ed
Fenwick,
Ot., to Fenwick, Ct., 46 miles. Opeuei in 1871 and 1872. In hands of was a reorganization of the Gilman Clinton Ac Springfield in 1877,
miles,
and is leased to the Illinois Central and virtually owned by it.
The
trustees of first mortgagee for soiuo time, and reorganization made in
brd A Conn. Valley, with stock of $1,200,000 annual report for 1881 says: “Tiie gross traffic of the line for the
Feb., 1880, as the Hartfo
authorized and bonds of $500,000. On Sept. 30, 1881, the stock out¬ past year was $8,580,397, against $8,-304.811 for the year 1880. Tbe
standing was $652,000 and certificates of debt $119,200. Gross earn¬ tonnage carried shows an increase of 5 72 per cent over that of the
previous year, while the gross earnings show an increase of 3 04 per
ings in 18$1, $191,926; available for interest, Ac., $22,741.
cent.
The net result is $3,227,181, and is $251,830 less than thatof
<6 Western Connecticut.—The Connecticut Western owned 1880. The net
Hartford
receipts from all sources were as follows: From traffic,
from Hartford, Conn., to New York State Line, 07 miles; leased 2 miles;
$3,227,181; from land, $123,932; from interest on bonds. $161,105;
total operated, 09 miles. Gross earnings in 1880-81, $200,725; net,
from premium on C. St. L. Ac N. O. Railroad bonds sold, $150,000; total,
$3,662,219. The interest on the debt and two dividends on share capo
o bond interest had been paid since Jan. 1. 1870.
Foreclosure suit tal were paid, besides $925,380 for extraordinary
expenses iu Illinois.
begun in 1880, and the State Treasurer took possession. On May 25, Income for four
years has been as follows :
1881, bondholders re-organized, and stock in new company is issued for
T
INCOME ACCOUNT.
bonds. In March. 1882. the purchase of the Rhinebeck a Connecticut
1881.
1879.
1
1878.
1880.
Railroad was made for $800,000 in the stock of this company. (V. 32.
$
$
$
$
p. 577; V. 33, p. 23. 73. 153 ; V. 34. p. 231,300.)
Total gross earn’gs..
8,322,127
7,140,207
7,249.183
Housatonic.—Sept. 30, 1881, owned from Bridgeport. Conn., to State
Net Recrip's—
Line, Mass., 74 miles; Brookville to Banbury, 0 mile*; leased- Berkshire Vet
4,428,231
4,023,748
-1,031,840
4,207,763
earnings
Railroad, 22 miles; West Stock bridge RR.\ 3 miles; Stoekbridge Ac Pitts¬ Interest
161,105
102.321
112,‘»O0
0^,010
field RR., 22 miles; total. 127 miles. The preferred 8 per cent stock was
286,224
113.401
Miscellaneous
105,551
72,286
issued in 1845 to pay for laying the road with heavy iron. The com¬
pany has voted to issue $700,000 ef 5 per cent bonds to take up $400,000
Total net income
4,909,391 1*875.560
4,164,074
4,423,545
prior bonds, and to lay steel rails. The road does a steady business, as
$
iHsb u^ssmen ts—
$
$
$
may be seen from the following statement of its operations and earn¬
735,696
616.330
708,702
015,830
Rent’lspd.on la.lines
ings for three years past;
663,000
Interest on debt
009,350
609,484
072,000
Passenger Freight (ton)
Gross
Net
Div. r. Taxes
465,352
444,125
395,011
392,190
Years.
Miles.
Mileage*.
Mileage.
Earnings. Earnings. Pref. Dividends
2,030.000
1,740,000
1,740,000
1,740,000
120
6,340,830
12,741,554
$598,335
$248,420
8 Construction iu 11 li120
7,325,080
17,890,190
740,997
247,283
8
925,330
nois duriug year
812,323
38,723
380,016
120
7,840,-94
17,277,330
754,513
273,981
8 Miscellaneous
41,911
—(V. 33, p. 559.)
Mo.,to-St. Joseph, Mo., 200 miles; branches—Cameron to Kansas City,
53 miles; St. Joseph to Atchison, Kaus., 19 miles; Palmyra to
f16,564. Capital stock, $1,890,100. Permanent property, $5,042,785.
_
..
..
Houston Last d West Texas.—Tire.
31,1881, owned from Houston, Tex.,
(Narrow guage, 3 feet.) It is intended to
build to Marshall. The company has a Texas land grant of 10,240
acres for each mile constructed and equipped.
Bonds issued to the extent
Of $7,000 p. in
Stock authorized, $10,000,000. Paul Bremond, Pres.,
Houston. (V. 34, p. 292, 316, 489; V. 35, v. 1 3f>.)
Houston d Texas Central.—Dec. 31,1881, owned from Houston, Tex..
to Burke, Tex., Ill miles.
..
Total disbursem’ts
3,498,542
3,800,341
4,407,750
4,824,428
51,132
501.011
005.532
Balance, surplus
017,204
—(V..32. p. 155, 229; V. 33. p. 357. 641:' V. 34, D. 144. 177, 22
d. 357 641;
34. p. 144, 177,
,1557229: V.
489, 037.)
Illinois Midland—Juno 30. 1881, •pdrated from Terre Haute,
Peoria, Ill., 173 miles, of which 148 miles are owned and 28 miles leaserThis was a consolidation Nov. 4,1874, of the Peoria Atlanta Ac Deoatur,
,
Iud.,t«
1883. J
August,
Subscribers will confer
description.
*v^pBxi>laiiation of column
1
*or
on
first page
ingIon <£•
prof., coup.
Indiana Bloom
1st uiort.,
a great favor
headings, Ac., see no tea
of tables.
West.- -Stock
($10,000,000)
coup., may lie reg
income'bonds, reg., convertible
202
for $6,00'>,000 —
....
on mortgage, coupon or reg.- ...usion
1st mortgage, gold, Eastern Divisi
Indianapolis Decatur A Springfield-1st
Consol, income
mort., gold
/.frf ™Emulvl-llt M" Ko'm (for ,380,000); 9 & £
Indiana Illinois A Iowa—Stock
Louis- 1st mort., in 3 series
Vincennes- 1st mortgage, guar
Indianapolis A St
Date
of
Bonds
202
142
152
152
....
„
Size
or
Amount
Rate per j
Outstanding
Cent.
par
Value.
1879
1879
1879
1881
1879
1881
•1881
1881
1881
| $3,110,400
500 Ac.
100 Ac.
3,750.000
1,000
500 Ac.
1,000
1,000
guaranteed...
Ioica Falls A Sioux City—Stock
mortgage. April 1, oo
Itliaca Auburn A West— 1st mort. (for $500.000)
od mortgage, (income for 3 years)
Jacksonvillc Southeast. Stock
mortgage bonds
Jefferson (Pa.)—1st A 2d morts. (Hawley Branch)..
1st mortgage (Susquehanna to Carbondale)
2d
mortgage,
lot
1st
Jeffersonville Madison A Indianapolis—Stock
Teff Mad. & Ind.; 1st M. (s. f. $15,00i> per year).
Jo
do
2d mortgage
Bergen—1st mortgage
Joliet A Northern Indiana—1st mort., guar by M. C.
Junction (Philadelphia). 1st moitguge............
jersey
City A
2d mortgage
Breakwater—Funded debt (Del. St. loan)
2d mortgage
------Kansas City Fort Scott A Gulf—Stock, common
Junction A
Stock, preferred
1st mortgage, land, grant,
Mortgage on branches
siuic fund
-
g-
1,3 36,('00
2,000,000
500,000
1,700.000
1,450,000
4,623,500
2,947,500
294,000
498,090
1,000.000
1,000
1,000
184
1869
38*2
38^
1877
100 Ac.
54
54
9
38
1880
1867
1869
1,000
1,000
200,000
300 00
1.000
100
2,000,-00
159
159
6
44
4*a
...
-
45
....
1866
1870
1877
1862
1865
1860
1876
100
500 Ac.
2,000,000
2,752,000
2,000,000
375,000
1,000
1,000
.
1,000
800,000
*
425.000
1,000
1,000
300.000
400,000
....
....
.
....
.
.
2.50,000
4,618,000
1879
1,000
2,750,000
2,686,800
1880
1.000
2.089.000
....
....
159
196
1,000
.
....
....
500 Ac.
....
,
6
1.10; >.000
1.000
500
117
226
6
3 to 6
1869
1871
1867
1S70
....
7
3 to 6
1,500,000
3,000,000
1,809,000
1,000,000
70801788811
Indianapolis &
575,000
3,500,000
128,400
100 Ac.
.
72
72
117
When
Where
j Pay’blc
$100
542
202
1stmortgage,
xxxiii
BONDS.
by giving Immediate notice of any error discovered In these
INTEREST OR DIVIDENDS.
Miles
of
Road.
202
or rei
AND
STOCKS
RAILROAD
6
6
5
6
g.
g.
g.
Tables.
I
Dividend.
Whom.
J. A J. N. Y., Corbin Bank’g (5)
do
do
A. A 0.
do
do
J. A J.
July
do
do
I. A J.
April
do
do
J. A J.
June
do
do
J. A J).
April
A. A O. New York, Co.’s Olliee.
July
do
do
J. A J.
A. A O. London and New York. April
.
7
8
7
6
1 >3
7
7
7
Various N. Y., Union Trust Co.
do
do
J. A J.
F. A A. N. Y., Farm. L. A T. Co.
do
do
M. A N.
Boston.
6
7
7
J.
J.
J.
1*2
7
7
7
7
4 hi
6
4
4
2
4
7
7
pal,When Due.
Payable and by Stocks—Last
Q.-M.
A. A O. N. Y., Nat. Park Bank.
A 1). N. Y. City, Treas. Office.
do
do
A J.
J.
J.
A J. N. Y., Am. Ex. Nat. Bk
A J. Honesdale Nat. Bank.
A J. N. Y., by Erie Railroad.
Q.-F. N. Y., Farm. L. A T. Co.
rto
do
A. A O.
do
do
J. & J.
A
A
A
A
A
A
A
A
M. A
J.
J.
A
J.
F.
F.
F.
).
J. N. 5'.. Farm. L. A T. Co.
J. Pliila., 233 So. 4th St
do
do
O.
J. Lewes, Del., Treasurer.
do
do
A.
Boston.
A.
do
A.
J. Bost., Nat. Webster Bk.
do
do
S.
1, 1921
1, 1909
1, 1921
1, 1921
1, 1911
1, 1911
July I,’ 1919
July 1, 1881
1908
1900
June 1, 1832
Oct. 1. 1917
1907
Jan. 1, 1907
July'T,‘
1910
1887 & 1889
Jan. 1, 1889
May, 1881
1, 1906
July 1, 1910
Oct.
July 10, 1907
1, 1912
April 1, 1900
July
1890
Feb., 1896
Feb. 15. 1882
Aug. 15, 1882
1, 1908
Sept. I, 1910
June
deficiency to pay interest on the bonds. The capital stock is $1,402,000.
Paris & Terre Haute. Receiver appointed Sept. In 1880 the net earnings were $60,506; in 1881, $10,260. Annua
in 1879-80 $323,096; expenses, $307,469. In interest on debt amounts to $206,000.
1880-81, gross receipts, $385,615; expenses, $395,391. Stock, $2,000,Iowa Falls A Sioux Cily.—March 31,1882, owned from Iowa Falls, la.,
000. D. H. Conklin. Receiver. (V. 32, p. 636 ; V. 33, p. 124; V. 34, p.
to Sioux City, la., 184 miles.
This road was opened in 1870 and it
366, 399; V. 35, p. 21.)
leased to the Illinois Central tor 20 years from Oct. 1, 1867, at a rehtal
Indiana Bloomington A Western.—This was a consolidation in March, of 36 per cent of the gross earnings. The Illinois Central has an option
1881, of the Ind. B. A W. and the Ohio Ind. & Pacifio. The I. B. & W. of continuing the lease after 1887 at same rental. This company also
owned from Indianapolis. Ind., to Pekin, Ill., 202 miles; track used receives a drawback of 10 per ct. on business to and from their line
on rental, Pekin to Peoria. 10 miles; total, 212 miles.
The company over the Dub. A 8. City RR., and receives rental for 26 miles of its road
put under construction its Eastern Division from Indianapolis to Spring- used br the Sioux City A St. Paul Co. In^the year ending Maroh31,
Held, Ohio, 142 miles. The Cincinnati Sandusky & Cleve. was leased 1882, the total rental was $301,777; receipts from sales of lands,
April, 1881—Sandusky to Dayton, 154 miles; branch, Carey to Findlay, $718,000; the total income was $1,049,700. Horace Williams is Presi¬
16 miles. But of this, 24 miles (Springfield, O., to Dayton) is leased to dent, Clinton, la. (V. 32, p. 16, 636; V. 34, p. 114, 662.)
Cincinnati and Springfield, leaving but 146 miles; also with it the
Ithaca Auburn A Western.—Dec. 31,1881, owned from Freeville to
Columbus Springfield & Cincinnati road, Springfield to Columbus. 44
Auburn, N. Y., 33Lj miles; track to Cortland, 11 miles, used. The N.
miles; total, 190 miles. Total operated 402 miles, and 140building. In
Y. A Oswego Midland RR., Western Extension, was sold in foreclosure,
December. 1881, leased the Indianapolis Decatur & Springfield road,
and tins company organized Sept. 20, 1876. as the successor. The
guaranteeing $200,000 per year.
The former Indianapolis Bloomington & Western Company defaulted stock is $970,000. Expected to extend road to Ithaca In Spring of 1882.
In 1880-81 deficit $2,803. H. R. Low, President, New York City.
Oct. 1, 1874, and a Receiver was appointed Dec. 1, 1874. The road was*
Jacksonville Southeastern.—July 1. 1881, owned from Jacksonville to
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 Litchfield, Ill., 54 miles. This was the Jaeksonv. Northw. A Southeast.
Bonds
years, 4 per cent for tlie succeeding two years, 5 per cent for the suc¬ RR., projected from Jacksonville to Mt. Vernon, 125 miles,
ceeding three years, and then 6 per cent uutil maturity. The seoond were issued at $20,000 per mile, amounting to $600,000. In 1879 the
mortgage bonds bear 3 per cent per annum interest for the first three company was reorganized by the bondholders under this name. In 1880
years, 4 per cent for the succeeding two years, 5 per cent for the suc¬ the roau was extended 23 miles and bonds for $200,000 issued. In year
ceeding three years, and 6 per cent thereafter until maturity. The ending June 30, 1881, gross earnings, $83,000; net, $43,814.
inoome bonds take such interest from July 1, 1879, not exceeding 6 per
Jefferson.—Sept. 30.1881, owned from Susquehanna Depot, Pa., to Carcent per annum, as the net earnings may suffice to pay. $830,000 stock bondale, Pa., 37 miles; branch, Hawley, Pa., to Honesdale, Pa., 8 miIra:
ccrip was issued entitled to a dividend of 7 per cent per annum, after a total, 45 miles. Leased in perpetuity to the Erie Railway for $140,0o0
dividend of 8 per cent on the common stock. After the payment of a 7
per annum, and now onerated by the N. Y. Lake Erie & West.
Capital
per cent dividend, the stock scrip is convertible into common stock. stock, $2,096,050. Edward Clymer, President, Reading, Pa.
The annual report for 1881 was in V. 34, p. 713. Earnings and expenses
Jeffersonv. Madison A Indianapolis— Dec. 31,1881, owned from Louis¬
in 1881 were as follows:
ville, Ky., to Indianapolis, Ind., 110 miles; branches—Madison, Ind., to
CONSOLIDATED EARNINGS—I’EORIA DIV. FULL YEAR, OHIO DIV. 8 MONTHS
1880.
1881.
Columbus, Ind., 46 miles; Columbus, Ind., to Sheibvville, Ind., 24 miles;
RR.,
Total earnings
$1,826,066
$1,813,129 Jeffersonville, Ind., to New Albany, Ind., 6 miles; Shelby A Rushmiles.
18
Cambridge Extension, 20 miles; total
:
1.103,701
Operating expenses
1,026,544 Themiles; was leased anew from January 1,1880, operated, 224
road
to the Pennsylvania
Net earnings
$722,364
$786,584 Company, the lessees to pay over all the net earnings to the J. M. A I.
DISPOSITION OF NET KARNING8.
Paris A Decatur and
11 1875.
Earnings
$1,939,000 of the stock.
Mav, 1880, and
6 per cent afterward. Earnings for five years past were as follows:
Years.
Miles
Gross Earn.
Net Earn. Div. p. e.
161
$499,033
7
$1,176,174
—(V. 32, p.*15. 69.100, 155, 313, 335. 444, 468; V. 33, p. 468, 527, 641,
186
1,150,014
425,887
7
716; V. 34,231, 316, 521, 522, 549, 713.)
492,863
r 186
1,246,333
7
186
1,388,565
541,538
Indianapolis Decatur A Springfield.—August 31, 1881, owned from
1,462,802
365,043
3
186
Decatur, Ill., to Indianapolis, Ind.. 153 miles. This company is successor
to the Indiana A Illinois Central Railroad. In Dew., 1881, was leased to -(V. 32, p. 205.)
Indianapolis Bloomington A W. for 50 years, at 30 per cent of gross
Jersey City d Bergen.—Dec. 31,1881, owned from Jersey City to Bergen
earnings, but with a guarantee of $200,000 per year. A new adjustment Point, N. J., 6 miles. In 1881 gross earnings were $260,798, and not,
proposed in April, 1881 (see Y. 32, p. 501, V. 33, p. 303), was carried $86,511. Stock, $165,150. William Keeney, President, Jersey City.
out in November, and the above 2d mortg. bonds issued, and $2,850,000
Joliet dk Northern Indiana.—Dec. 31, 1831, owned from Joliet, HI., to
of 7 per cent pref. stock.
Common stock is $500,000. Gross earning
Lake Station, Ind., 45 miles. Operated as part of the Michigan Contra!
in 1879-80, $339,850; net, $142,684. In 1880-81 gross, $491,487 ; ne
$159,178. (V. 32, p. 500, 636; V. 33, p. 303, 358, 440, 588, 641, 687; mainline. Road opened in 1854 and leased to the Mich. Cent, at 8 per
cent on the bonds. The Mich. Cent, declined to par 8 per cent, and tho
V. 34, p. 62, 231.)
above issue of bonds definitely guaranteed was given as a compromise.
Indianapolis A Evansville.—In progress Indianapolis to Evansville. Stock, $300,000.
Bonds issued in London May, 1881. R. G. Horvey, President, Evans¬
Junction (Philadelphia).—Dec. 31,1881, owned from Belmont, Pa., te
ville, Ind. In February, 1882, an attachment for rails sold was issued.
Gray’s Ferry, Pa., 3-6 miles It connects various lines coming into Phila¬
—(V. 34, p. 231, 316.)
delphia. Capital stock, $250,000. Net over operating expenses in 1881,
Indiana Illinois A Iowa.-M.Ay, 1882, owned from Momence, Ill., to
$69,956. Six per cent paid in April, 1882. (V. 32, p. 420.)
Streator, I1L, 63 miles. Opened in May, 1882. J. D. Harvey, President,
Junction A Breakwater.—Dec. 31,1891, owned from Harrington to
Chicago, Ill.
Lewes, Del., 40 miles; branch to Rehoboth, 5 miles; total operated, 45
Indianapolis A St. Louis.—Dec. 31,1881, owned from Indianapolis to miles. Gross earnings, 1881, $83,693; net, $30,924. Stock is $306,000.
Terre Haute, Ind., 72 miles; leased line, St. L. A. A T. H, 189 miles, and N. L.
McCready, President, New York City. (V. 34, p. 625.)
branches, 6 miles; total operated, 267 miles. The lease of the St. L. A.
Kansas City Fort Scott d Gulf—Dec. 31,1881, mileage was as follows:
AT. H. was guaranteed by three other companies, and suit has been
pending as to the rental.
The company was controlled by the Pennsyl¬ Main line—Kansas City to Baxter Springs, 160 miles; branches—Union
vania Company, which owned the st* ck of $600,000, in connection with Transit, 1 mile; Springfield to Ash Grove. 19miles; Weir City to Cherry«he Cleve. Col. Cin. A Ind. Of the first mortgage bonds series “A” are J. valle (N. G.). 50 miles; Arcadia to Coal Mines. 2 miles; Baxter Springs
J.; series “B,” M. A 8.; series “C,” M. AN. Interest has not been to joplin, 15 miles; Rich Hill Junction to Carbon Centre and Rich Hill,
paid on the second mortgage and equipment bonds since April, 1878, 28 miles; Springfield to city limits, 1 m.; Fort Scott June, to Ash Grovs,
and in March, 1882, a foreclosure suit was begun, and on July 28 the 81; Caolvale to Barton, 8. Total operated, Dec. 31,1881, 363 miles.
This company was organized April 1, 1879. as successor to tha
road was sold for $1,396,000 (suhjeetto 1st mort.) and bought for Clev.
Missouri River Fort Scott A Gulf, whieh made default October 8,
Col. Ciu. A Ind. Co. Operations and earnings for four yours past were:
1873, and was sold in foreclosure February 4, 1879. The first mort¬
Passengei
Gross
eight (ton)
Net
Years
Miles.
Mileage.
Mileage.
Earnings. Earnings. gage bondholders of the old road took 80 per ceut in the new mort¬
1878.
266
10,865,239
85,300,579 $1,347,246 $315,115 gage bonds, and for all other claims stock was issued. Operations and
1879.
past have
266
Net
491,149 earnings for three years Passenger been as follows: Gross
12,209,092
102,630,114
1,493,876
Freight (ton)
1880.
266
2,009,922
15,285,443 148,947,237
608.413 Years.
Earnings. Earnings.
Mileage.
Mileage.
Miles.
For rentals
For taxes
For interest
Other disbursements
$211,489
$722,364
$253,275 I Surplus
31,173
196,119 j
Total
30,306
In 1881 the Penn. Company purchased
Dividends were at the rate of 7 per cent per
Co.
annum till
«
1881.
266
19.470,278
196,029,304
~(V. 34, 344, 435, 572, 604, 686; Y. 35, p. 103,
...
2,048,651
160, 211.)
614,295
Indianapolis A Vincennes.—Dec. 31, 1881, owned from Indianapolis, 1881
*nd., to Vincennes, IntL, 117 miles. The Pennsylvania Company owns' a
-(V. 32,
controlling interest in the stock and operates the road, advancing the
160
1879
305
363
p.
5,585,154
8,819,638
11,594,779
231, 393 ; Y. 33, p.
35,972,107
49,435,645
59,007,866
$895,864
$332,811
1,222,867
525,915
1,503,215
672,784
74,124, 153, 459.)
RAILROAD
XXXIV
Subscribers will confer
a
on
Miles
column headings, &c., see notes
of tables.
explanation
first page
168
175
149
18
County RR.—1st mortgage
Kansas City Springfield d Memphis—1st mort
80
80
150
162
49
18
•
•
iucome bonds
Lafayette Bloom. & Muncie, 1st mort., gold
do
do
income M. con. (non-cumul.)
Lake Ontario Southern—1st mortgage, gold
Lake Shored Michigan Southern—Stock
Guaranteed 10 per cent stock
Consol. 1st mort., (sink, fund, 1 per cent) coupon.
do
do
do
registered
Consol. 2d mort., do. (for $25,000,000) coup.& reg.
Lake Shore dividend bonds
Income bonds, coupon or registered
1st mortgage, sinking fund, M. S. &
21
21
200«
200
50
1181
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 bouds
Det. Monroe & Tol., 1st mort., coup., guar
Kalamazoo & White Pigeon, 1st mortgage
•
•
i,oou
1,000
233,000
1,000
4,334,000
100 SiC.
2,750.000
2,335 750
50)(00
....
....
500
•
•
•
0)
7,700.000
•
1,815.000
1,000
1,485;000
1,000
327,000
1,000
1,000
1,000
1,000
2,500 OCC
1,000,000
49,466,500
533,500
1,000
1870
1,000
1,000
1867
1855
1866
1866
1863
1876
1869
1,000
1,000
1,000
'1,000
1,000
1,000
1,000
When
Bonds—Princi¬
6 g.
7
6
7
6 g7
6 g.
2
5
600.000
994,300
Where Payable, and bxr
Whom.
Payable
A. & O.
A. & O.
J. & J.
M. & S.
Office, 195 Broadway.
Boston, Nat. Union Bk.
do
do
'
do
*
*
pal, When Due.
Stocks—Last
Dividend.
April 1, 19H
Apr. 1, 1909
Jan. 1, 1910
do
Boston.
M. & N.
Cincinnati.
M. & S. N. Y., Bank of America.
J. & D.
do
do
J. & J.
New York Agency.
A. & O. N. Y ,Farm. L. & T. Co.
Various Bost., Hide & L’tlier Bk.
J. & J. N.Y., R. T. Wilson & Co.
"
1,000
1870
451
95
162
162
88
88
62
37
257,000
100
100
1873
1869
1872
1855
6
5 to 6
7
7
6
1
7
7
6
5
6
7
3,000,000
6,083,500
792,000
,
864
864
864
Rate per
Cent.
1,823,000
1,000
•
1879
1879
1880
1880
1879
1879
1880
Income bonds convertible (not cumulative)
do
•
Outstanding
1,000
1,000
1876
365
165
Sandusky Extension, 1st mortgage
•
Value.
Amount
$1 ,348,000
500 <fcc.
2,940,000
1853
1855
1881
1878
’69-’72
38
mortgage, gold
•
or
Par
$1,000
1881
ii9
New bonds for $1,300,000
Lake Erie d Western—Stock
do
[VOL. XXXV.
INTEREST OR DIVIDENDS.
Size,
1881
1879
1880
1880
....
Kentucky Central—Stock
2d mortgage
3d mortgage
General mortgage (payable after 1880)
Keokuk dDes Moines—1 st M., mt. guar, C. R. I. & P.
Knox d Lincoln— 1st mortgage
Knoxville d Ohio— 1st M. (payable at any time)
1st
Date
of
of
Road. Bonds
Kansas Central— 1st mortgage (for $3,200,000)
Kansas City Lawrence d Southern Kansas— 1st mort.
Southern Kansas & Western—1st mortgage
Sumner
BONDS.
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
AND
STOCKS
Sept. 1, 1910
1921
May, 1881
March. 1883
J.une, 1885
July 1, 1911
Oct.
l, 1923
1880-1902
Jan. 1, 1906
*
F. & A. N. Y., Metropolitan Bk. Aug. 15.1919
do
,\o
August.
Aug. 15, 1899
F. & A.
do
do
Aug. 1, 1919
Aug. 1, 1920
M. & N. N. Y., Metropolitan Bk. May 1, 1919
do
do
Yearly.
May 1, 1899
A. & O. N. Y., Union Trust Co. July 1, 1905
Q.-F. N.Y.,Grand Cent.Office. Aug. 1. 1882
F. & A.
do
do
Aug. 1, 1882
J. & J.
July 1, 1900
'
]
f
l
8,956,000
7
7
920,000
1,595,000
849,000
300,000
2,834,000
924,000
500 &c.
1,000
400,000
....
Q.-J.
7
7
7
7
7
7
7
7
7
7
7
12,138,000
1,356,000
2,527,000
5,240,000
J.
A.
A.
M.
A.
J.
A.
M.
A.
&
&
&
&
&
&
&
&
&
D.
O.
O.
N.
O.
J.
O.
S.
O.
F. & A.
J. & J.
July 1, 1900
Dec.
Coupons
are paid by
Treasur’r at Gr’nd
Central
Depot, N.
Y., and registered^
interest by Union
Trust Company.
1, 1903
April 1, 1899
Oct. 1, 1882
May 1, 1885
Oct.
1. 1892
July
April
Sept.
April
1, 1885
1, 1886
1, 1886
1, 1898
Aug. 1, 1906
Jan.
1, 1890
Kansas
Central—July 1,1882, owned from Leavenworth to Milton- $253,884. In 1880-81, gross, $1,411,776; net, $310,574. (V, 32, p. 16,
vale, 168 miles. Sold under foreclosure of first mortgage April 14,1879. 70, 100, 183; V. 33, p. 358, 501; V. 34, p. 146; V. 35, p. 103.)
Reorganized April, 1879. Stock, $504,000. L. T. Smith, President,
Lake Ontario Southern.— Sept. 30,1881. owned from Sodus Point.
N.Y.,
Leavenworth, Kan. (V. 32, p. 232.)
to Stanley, N. Y., 34 miles. This company was a consolidation, Dec.
2,
Kansas City Lawrence d Souihei'n Kansas—Dec. 31,1881, owned from 1879, of the Ontario South and the Geneva Hornellsville & Pine Creek
railroads. Stock, $940,475. Gross earnings in 1880-81, $31,088. (V.
Lawrence, Kan., to Coffeyville (Indian Ter. Line), 144 miles; branches—
Ottawa Junction to Olathe, 32 miles; Cherry vale to Harper Kan., 149 33, p. 412.)
,
miles; Wellington, Kan., to Hunuewell, Kan., 18 miles; leased, Ottawa
& Burlington RR., 42 miles; total operated, 384 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 bond¬
holders, and the present company organized May, 1879. In November,
1880, the consolidation of the three roads above named was made, and
the consolidated stock of $3,759,000 was purchased in the interest of
Lake Shore d Michigan Southern—Dec. 31,1881, owned from Buffalo
N.Y., to Chicago, Ill., 540 miles; branches owned, 324 miles. Other lines
owned as follows: Detroit Monroe & Toledo, 62 miles; Kalamazoo <fe
White Pigeon, 37 miles; Northern Central (Mich.), 61 miles; total, 160
miles. Roads leased are as follows: Kalamazoo Allegan & Gr.
Rapids,
58 miles; Jamestown & Franklin, 51 miles; Mahoning CoalR., 43
miles;
total, 152 miles. Total road owned, leased, and operated, 1,177 miles.
the Atchison Top. & 8. Fe with the 5 per cent bonds of that company This company was a consolidation of the Lake Shore Railroad and
(through its auxiliary corporation, the Kansas City Topeka & Western), Michigan Southern & Northern Indiana Railroad May 27,1869, and tho
according to the terms or the circular published in the Chronicle of Buffalo & Erie Railroad August 16, 1869. The consolidated line em¬
Nov. 27, 1880 (V. 31, p. 559). The present bonds carry 4 per cent braces the former roads of the Cleveland & Toledo and the Cleveland
till 1882, 5 in 1882-3, and G thereafter. (V. 32, p. 16; V. 33, p. 74.)
Painesville & Ashtabula railroads. On the guaranteed stock, the claim
Kansas City Springfield d Memphis.—This organization embraces
two corporations under the laws of Missouri and or Arkansas to build a
road from Springfield, Mo., to Memphis, Tenn., at an estimated cost of
$5,600,000. The Kansas City Fort Scott & Gulf will appropriate 15 per
cent of gross earnings on business to or from the new road to pay in¬
terest on the bonds. Each holder of 50 shares K. City Ft. 8. & G. stock
bad the right to take $1,500 in stock of the new Missouri corporation
for $1,500 in cash, with $2,000 of the bonds for $500 in cash—making
$3,500 for $2,000 cash.
(V. 33,
p.
153
;
V. 35,
p.
for dividends between 1857 and 1863 has been settled. This
company
controls Chic. & Can. So.
For the half-year ending June 30,1882. the balance'of
earnings over
charges
was
$1,122,409, against $2,307,762 in 1881. See V. 35, p. 21.
V. 34, p. 518, containing the
the earnings of the road for
The last annual report is published in
tables below, showing the operations and
a series of years:
INCOME ACCOUNT.
1878.
Receipts*-—
Kentucky Central.—Dec., 31,1881, owned from Covington, Ky., toLex- Net earnings
ington, Ky., 99miles, and Paris, Ky., to Maysville, Ky.', 51 miles; total Interest, divid’ds,<fec.
operated, 150 miles. This was formerly the Covington & Lex. RR.,which Pr.onbds.&st’ks sold
was foreclosed in 1859.
In 1875 the present company was formed, and
Total income....
took possession May 1, 1875. The Maysv. & Lex. RR. was taken Nov.
17,1876. In June, 1881, a majority or the stock was purchased by Mr.
C. P. Huntington of the Chesapeake & Ohio road, and an extension
from Paris to Livingston, Ky., 70 miles, was to be in operation
by July
1st, 1883. The general mortgage of 1881 was sold to stockholders at
66%, and 25 percent of new stock given as a bonus. The old pref.
Btockwas retired. Enough of this general mortg. of 1881 is reserved
o retire the prior bonds, and there is an option in this
mortgage to retire
he bonds after live j^ears. The fiscal year now ends Dec. 31. Operaions and earnings for three years past were:
Gross
Years.
1879-80
1880 (8 mos.)
Miles.
149
5,493,166
197,662
1880.
$
8,331.356
208,662
1881.
$
6,692,963
238,675
850,000
5,690,828
6,509,774
8,540,018
7,781,638
149
447,078
150
705,127
Earnings.
$222,514
*
’
143,616
214,472
251,924
257,489
282,956
273,925
2.611,180
2,616,955
2,622,730
2,612,230
Dividends, guar
(10) 53,350 (10) 53,350 (10) 53,350 (10) 53,350
Dividends, ordinary.
1,978,660
3,215,322
3,957,320
3,957,320
Do
rate per ct.
6*2
8
8
4
New cars & engines.
*
674,949
Miscellaneous
115.453
60,128
199,597
Balance, surplus
680,261 306,530
1,623,662
10,267
....
Total
*
5,690,828
In 1880 this item
was
$700,000, but
condensed table:
146, 230, 521, 549, 574.)
Eer centthe lessee. andthe year 1879-80common, a majority of which is
eld by preferred In $2,600,400 of
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
on preferred stock was paid December, 1881.
cent
Knox d IAncoln.—Sept. 30,1881. owned from Bath, Me., to Rockland,
Me., 49 miles. In 1882 leased to Maine Central for $60,000 per year for
twenty years, and $72,000 afterward. The stock is ($364,580. John
T. Berry, President, Rockland, Me. (V. 32, p. 356; V. 34, p. 204, 316.)
Knoxville d Ohio—June 30, 1881, owned from Knoxville, Tenn., to
Careyville, Tenn., 39 miles. This was formerly the Knoxville & Kentucky
RR., which was in default to the State of Kentucky and sold Oct. 8,
1871. It was bought by East Tennessee Virginia & Georgia RR., and
new securities issued for stock and first mortgage bonds.
(V. 32, p. 16,
335; V. 33,
p.
74.)
Miles.
put in operating expenses.
past are shown by the following
Net
Interest, leases
and dividends
Per cent. Earnings, on Guar. Stock.
66-90
$5,860,409 $2,201,459
70-90
5,667,911
2,654,560
65-04
5,993,760
3,008,193
72-96
3,902,698
2,810,294
68-64
4,374,341
2,759,989
66-37
4,541,193
2,775,657
60-70
5,493,165
2,718,792
58-50
2,754,988
6,336,968
55-56.
2.750.374
8,331,356
62-76
6,692,962
2.725.375
Earnings.
1872.. 1,136
1873.. 1,175
1874.. 1.175
1875.. 1,175
Div
p. C.
8
$17,699,935
4
19,414,509
3H
17,146,131
2
14,434,199
1876.. 1,177
3H
13,949,177
1877.. 1,177
2
13,505,159
4
1878.. J .177
13,979,766
6
1879.. 1,177
15,271,492
1880.. 1,177
8
18,749,461
8
1881.. 1,177
17,971,391
The following condensed tables show the passenger and the freight
business in detail for the past six years, 1875-1880:
FREIGHT.
Year.
1876..
1877..
1878..
L879..
1880..
1881..
Tons.
5,635,167
5,513,398
6,098,445
7,541,294
8,350,336
9,164,508
Lake
Erie d Western.—June 30, 1881, owned from Sandusky to
to Celina, 99 miles; branch to Minster, 9
miles;Cellna to Muncie, 5 miles; Muncie to Iliinois State line, 120 miles;
Illinois State line to Bloomington, 81 miles; total operated, 383 miles.
This was a consolidation, Dec. 12,1879, of the Lafayette
Bloomington &
Muncie and the Lake Erie & Western, on the basis following: The consol¬
to assume all the debts, issue its stock share for share
lor the Erie & Western stock, and issue four shares of its stock for each
chare of the Lafayette Bloomington & Muncie stock.
The line em¬
braces the former Lafayette Bloomington & Mississippi road and the
Lake Erie & Louisville.
Gross earnings 1879-80, $1,056,560; net,
7,781,638
was
Operating
Expenses.
Gross
Year.
8,540,018
Tons
one mile.
1,133,834,828
1,080,005,561
1,340,467,821
1,733,423,440
1,851,166,018
2,021,775,468
-Per ton per mile.
Revenue. Receipts.
Cost.
Profit.
$
9,405,629
9,476,608
10,048,952
11,288,260
14,077,294
12,659,987
Cent.
-817
*864
*734
-634
-750
*617
Cent.
Cent.
*561
-573
*474
*398
*435
‘414
‘256
*291
*260
*244
*315
‘203
PAS8ENGER8.
Fremont, 22 miles; Fremont
idated company
6,509,774
The financial results of the ten years
-(V. 32. p. 16, 120, 612,636; V. 33, p. 47, 100, 358, 716; V. 34, p.
Keokuk d Des Moines.—June 30, 1881, owned from Keokuk, la., to
Des Moines, la., 162 miles. This was a reorganization, Jan. 1,1874, of
the Des Moines Valley Eastern Div., sold in foreclosure Oct. 17, 1873.
The property was leased for 45 years from Oct. 1,1878, to the Chicago
Rock Island & Pac. RR. on the terms following: that the lessee pay 25 per
cent of the gross earnings to this company, but guarantee the interest
(not the principal) on the present bonds. The stock is $1,524,600 of 8
.
$
Disbursements—
Rentals paid
Interest on debt
Net.
Earnings.
$608,029
1879.
$
6,336,968
172,806
71.)
Year.
Passengers.
Passengers
one
mile.
-Per passenger per
Cost.
Revenue. Receipts.
$
1876.. 3,119,923
175,510,501
3,664,148
1877..
1878..
Cent.
2090
2-319
2-287
2-223
2135
1-988
mile.
Cent
1-515
•575
•672
1-012
647
2,742,295 138,116,618 3,203,200
276
2,746,032 133,702,021 3,057,393
1871).. 2,822,121 141,162,317 3,138,003
174
1880.. 3,313,485 176,148,717 3,761,008
086
120
1881.. 3,682,006 207,953,215 4,134,788
—(V. 32, p. 183,478. 497, 679; V. 33, p. 225, 321, 709, 716; V.
501, 518,617, 637; V. 35,
p.
3, 21.)
Profit
Cent.
1-049
1-049
•868
34, p.
August,
Subscriber®
will confer a
DESCRIPTION.
explanation of column
flrdt pag0
For
l or exyidu
y ~ifM
shore dt
^
headings, &c., see notes
of tables.
Michigan Southern
Date
Miles
of
of
Road. Bonds
(Continued)
12
13
58
b'i
Frauklm, 1st
51
22
17
41
Lawrence—Stock
Lehigh dt Hudson Hirer—1st mortgage, gold
Warwick Valley bonds
•
Lackawanna—1st Sc 2d mortgages
Lehigh Talley-Stock ($106,300 is pref.)
1st mortgage, coupon and registered
CoSoL 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—Stock, common
Lehigh <£
BtfretcoS^st MVbds (folntiy witUCimi' lud.RR.)
Tittle Rock & Fort Smith—Stock
- -
MVldgr’t (1,083,000acs) s.fd. (for$3,000,000)
Little Rock Miss. River <t Texas—1st mortgage
1st
LUU^Schufficill—Stock fund, extended 1877, coup.
1st mortgage, sinking
Island—Btock
1st mortgage, extension
•
•
•
....
do
do
25
301
101
101
232
60
....
196
84
....
170
165
150
....
31
31
320
Long
1st mortgage,
XXXV
great favor by giving Immediate notice of any error discovered In these
INTEREST OR DIVIDENDS.
Z8cU00 cnift & Th/ee Rivers. 1st mortgage
Kalamazoo & Schoolcraft, 1st mortgage..
KmazooAUegan *Gr.Rapids. 1st nmrtgage...
Jamestown &
BONDS.
EAILEOAD STOCKS AND
1882.]
Glencove Br
mortgage, main ..... 2d mort. for floating debt
Consol, mortgage, gold (for $5,000,000)
New York Sc Rockaway, guar. int. only
Bmithtown & Fort Jeflerson.
1st
95
156
164
10
19
1867
1867
1868
Size, or
Par
Amount
Outstanding
Value.
<*
-
•
1,000
50
1,000
1,000
....
6
6
6
7
A. Sc O.
A. Sc 0.
J. Sc D.
1^
Philadelphia, Office.
J. & D. Reg.atoffice; cp.B’kN.A
M. Sc 8. Pliiia., Bank of N. Amer.
145,000
240,000
....
....
600,000
27,603,195
50
....
1868
1870
1873
1880
1872
5,000,000
6,000,000
1,000
1,000
1,000
1,000
14,013,000
2,500,000
1.697,000
4,637,300
1,500,000
1,000
50
....
1853
1864
1,000
1,000
250,000
1875
1876
500 Ac.
500 Ac.
1881
1,000
50
1857
....
1860
1868
1868
1878
1881
1,000
50
500
500 &c.
500
100 Sec.
500
500
1871
6
7
6 g.
5
7
2
6
6
preceding page.
<
Q.-M.
1894
July, 1882
Aug., 1895
July 1, 1911
1899
1911
Deo. 1, 1907
Philadelphia.
Q.-J.
J. Sc D.
M. Sc N.
J. Sc J.
1, 1887
1, 1887
1, 1888
1, 1882
Var.to J’ly,’97
July
July
July
Apr.
June 1,
Q.- J.
Philadelphia, Office.
Jnly 15,1882
June, 1898
Sept., 1910
1898 & 1923
1920
do
do
do
do
Cincinnati.
M. Sc N. N. Y., Bank of America.
Various Cinn., Lafayette Bank.
.
1,000
1871
7
■See
Stocks—Last
Dividend.
n
Jan., 1892
Sept., 1882
May, 1883
>
1894
Boston, Treasurer.
July 18, 1881
4,505,308 10 stock.
T. Sc J. N.Y.,Wm.C.SheldouACo Jan. 1, 1905
7
2,588,000
Jan. 1, 1906
7
J. Sc J.
Boston, Co.’s Otfice.
2,125,000
1911
do
do
A. & 0.
7
1,275,000
J. Sc J.
July 14, 1882
Philadelphia Office.
3h3
2,646,100
do
A. Sc O.
Oct., 1882
7
444,000
10,000,000
M. A N. N.Y.,Corbin Bank’g Co.
7
May, 1*890
175,000
do
do
M. Sc N.
6
May, 1884
150,000
do
do
M. Sc N.
May, 1898
7
1,121,500
do
do
7
F. Sc A.
Aug. 1, 1918
986,772
do
do
July 1, 1931
5
2,500,000
Q.—J.
do
do
A. Sc O.
7
April, 1901
(?)
do
do
M. Sc S.
Sept., 1901
7
(?)
....
....
J.
J.
J.
O.
J.
D.
329,000
800,000
1,000
1877
J. &
J. &
J. Sc
A. A
J. &
J. Sc
Pittsburg Office.
F. Sc A. N. Y., Winslow, L. A Co.
J. Sc J. N. Y., Nat. Exch. Bank.
840,000
....
1865
1881
1879
1381
Payable
368,000
500,000
450,000
100,000
•
Cent.
pal,When Due.
Where Payable, and b\
Whom.
8
8
8
3
7
7
2
$100,000
$....
610,000
1863
1869
When
Rate per
Tables.
Bonds—Priuci*
.
Little Miami Railroad proper extends from Cincinnati to Springfield, but
owned from Lawrence Junction, Pa., to the portion between Xenia and Springfield is now operated as a branch;
Youngstown, O., 18 miles; branch from Canfield Junction to Coal Fields, for the remainder of the main line, as given above, the Col. Sc Xenia
O 4 miles; total operated, 22 miles. The branch was built by another road, Columbus to Xenia, is used. On Jan. 1,1865, they leased the Day*
company and merged in this company April 23, 1873. The Lawrence ton Sc West. (Dayton to Ind. State line) and the Rich. Sc Miami (State line
Railroad was leased Juno 27, 1869, to Pittsburg Fort Wayne Sc Chicago to Richmond), and on Feb. 4, 1865, purchased the road from Xenia to
RR. at 40 per cent on gross earnings, with $45,000 per year guaranteed
Dayton; these three roads go to form the branch of 57 miles given
as a minimum. Lease has been transferred to Pennsylvania Co., by which
aboVe. The partnership agreement was dissolved November 30, 1868,
the road is now operated. Sinking fund has $26,000 bonds, deducted in and a contract made by which the Columbus & Xenia road, including
amount of bonds given above. Gross earnings in 1880, $185,333; net its interest in the above-named branches, was leased to the Little Miami
earnings, $81,002; gross in 1881, $193,000; net, $85,124; rental re¬ for 99 years. On December 1, 1869, the Little Miami, with all its
ceived from lessee, $77,200. (V. 35, p. 20.)
branches, Sec., was leased to the Pittsburg Cincinnati Sc St. Louis Rail¬
Lehigh & Hudson River.—This road was opened from Greycourt, on road Company for 99 years, renewable forever. The Pennsylvania
Erie road, to Belvidere, N. J., 64 miles, August, 1882. Consolidation RR. Co. is a party to the contract and guarantees its faithful execution.
April, 1882, of the Lehigh & Hudssn River and the Warwick Valley Road is now operated by Pittsburg Cin. Sc St. Louis Railway Co. Lease
roads. In addition to above there are $65,000 Wayawanda 6 p. c. rental is 8 per cent on capital stock, interest on debt and $5,000 per
bonds due 1900. Stock, $1,340,000. (V. 33, p. 201; V. 34, p. 146, 408, annum for Little Miami Company’s expenses of organization; the fulfil¬
ment of the lessor’s lease obligation is also stipulated.
In 1881 the net
549; V. 35, p. 102, 189.)
income of the company was $683,179; interest and all charges, $663,Lehigh d- Lackawanna—Dec. 31, 1881, owned from Bethlehem, Pa., 617; surplus Jan. 1, 1882, $154,594. Net loss to lessee, $267,467 in
to Wind Gap, Pa., 25 miles. This road was opened in 1867. It is leased 1881, against $160,512 in 1880. (V. 32, p. 155, 498.)
to the Lehigh Coal & Nav. Co., and operated by Central RR. of New
Jersey. Of the above bonds, $100,000 are a 1st mort., and $500,000 2d
Little Rock <6 Fort Smith.—Dec. 31,1881, owned from Little Rock, Ark.,
mort. Capital stock, $375,100. Gross earnings in 1880, $43,753; net to Fort Smith, 165 miles; branches, 3 miles; total, 168. In Dec., 1874,
earnings, $11,560. Gross earnings in 1881, $47,441; net, $16,526.
the property (then 100 miles), including the land grant, was sold in
foreclosure. This company afterwards built 65 miles, and opened the
Lehigh Talley.—Nov. 30,1881, owned from Phillipsburg (Pa. Line), N road to Fort Smith July 1,1876. Six coupons of July, 1876, and after
J., to Wilkesbarre, Pa., 101 miles; branches—Penn Haven to Audenried, were fimded into 7 per cent notes ($560,100). Total of notes outstand¬
18 miles; Hazle Creek Bridge to Tomhicken (and branches), 32 miles;
Lumber YTard to Milnesville (and branches), 18 miles; Black Creek Junc¬ ing April, 1882, $466,000. In the year 1880 the gross earnings were
tion to ML Carmel (and branches), 61 miles; Slatedaie branch, 3 miles ;
260,745. The lands unsold Jan. 1, 1882, amounted to 734,567 acres
Bear Creek Junction to Bear Creek, 5 miles; Lackawanna Junction to t510,287
and land notes, $602,377; in 1881 47,785 acres were sold for $185,705.
Wilkesbarre, 10 miles; also owns the Easton & Amboy RR., Amboy,
N. J., to Pennsylvania Line, 60 miles; total operated, 308 miles. This is -(V. 32, p. 467; V. 34 p. 314, 573.)
one of the most important of the so-called “ coal roads,” and has been
Little Rock Mississippi River A Texas.—Dec. 31, 1881, owned from
able to maintain dividends during past years. It is one of the peculi¬
Little Rock to Arkansas City, 113 miles; Tripps to Warren, 53 miles;
arities of the company’s annual report that no general balance sheet is
Rob Roy Junction to Micawber, 4 miles; total, 170 miles.
This comgiven. The earnings, expenses and income account for the fiscal years
ending Nov. 30, were as follows:
Both
Sany was and the Mississippithe
ailroad a reorganization of Ouachita & Red River Railroad.
Operations—
1878-9.
1879-80.
1880-81.
those companies received land grants and State aid bonds. Earnings
Passengers carried one mile
15,082,971 19,812,238 23,123,806 in 1881, $301,225; net, $129,625. The stock is $3,663,500. Elisha
Anthracite coal (tons) moved 1 m.366,630,225 375,303,125 440,626,699 Atkins, President, Boston, Mass. (V. 33, p. 201; V. 35, p. 182.)
Other freight (tons) moved 1 mile.150,540,605 166,178,752 202,299,285
Little Schuylkill.—Nov. 30, 1881, owned from Clinton to Tamancnd,
Total freight (tons) moved 1 m.. 517,170,830 541,481,877 642,925,984 28 miles; branches, 3 miles; total operated, 31 miles. The East Malianoy RR., was leased Jan. 12,1863, for 99 years, and sub-leased to Phila.
Earnings—
Coal freight
$4,011,445 $5,352,604 $6,678,590 & Reading July 7,1868, The Little Schuykill Railroad is leased to the
Other freight
1,879,574
2,126,397 Philadelphia Sc Reading Railroad for 93 years from July 7, 1868, at a
1,488,578
432,303
530,812
618,871 fixed annual rental. Of the stoek, $158,250 is held by the company, and
Passenger, mail, express, Sec
Lawrence-Dec. 31, 1881,
and net earniugs $252,459. In 1881, gross. $562,650; net,
Little Rock Pine Bluff & New Orleans
no
$5,932,326
Total gross earnings
Operating expenses
^
$9,423,858
4,002,357
4,648,084
$2,935,345 $3,760,633
$4,775,774
2,996,981
Net earnings
Receipts—
Net earnings
$7,762,990
INCOME
Other receipts and interest
Total income
Disbursements—
Interest on debt
Taxes, Ac., Sc loss on Morris Can..
Dividends*...
Charged for accuin. depreciations
2,935,345
$
3,760,633
$
4,775,774
608,038
837,948
968,268
3,543,383
4,598,581
5,744,042
1,557,900
1,630,113
2,268,313
866,596
742,953
1,095,523
1,108,757
772,682
are
declared
on
Long Island.—Owns from
this.
Long Island City, N. Y., to
Greenporfc, N. Y.,
95mile8; branches, 63 miles; total owned, 158 miles. Leased, March
1882— Smithtown <fe Pt. Jefferson RR,, 19 0 miles; Stewart RR. tuBethpage,
ACCOUNT.
$
dividends
14-5; Stewart RR. to
Hempstead, 1*8; New York Sc Rockaway
RR., 8*9; Brooklyn Sc Jamaica RR., 9-6; Newtown <fe Flushing RB.,
3*9; New York Sc Flushing RR., 2 7; Brooklyn Sc Montauk, 67; Hunt¬
er’s Point <fc So. Side RR., 1*5; Far Rockaway branch, 9-4; L. I. City Se
Flushing RR., 15 8. Operated—N. Y. Sc Long Beach, 6; Central exten¬
sion, 8-1; Main St., Flushing, to Great Neck, 6*1. Total leased and
operated, 174 miles. The total of all the roads owned and operated is
334 miles. The Long Island RR. went into the hands of a Receiver Oct.,
1877. The second mortgage bonds were issued to take up floating debt
1,522,954
of various classes.
The control of the company
1,070,059
Dec., 1880.
sold to Mr. Austin Corbin
and others in
increased to $10,000,000. In Aug.,
1881, most of the holders of Smithtown Sc Port Jefferson bonds and
5,634,008 N. Y. & Rockaway bonds agreed to exchange their bonds for the consol,
Total disbursements
4,472,161
3,520,019
110,034 mortgage, bearing 5 per cent, in Oct., 1881, Receiver was discharged.
126,420
23,364
Balance, surplus
No annual report for 1880-8 L has been issued, but the returns to the
In 1879,10 on preferred and 4 on common; in 1880,10 on preferred
New York State Engineer, gave gross earnings, Sec., and comparative
ana 4 on common; in 1881,10 on preferred and 5*2 on common.
990,338
In July, 1881, stock
*
statistics were as follows:
1879-80.
1878-79.
1877-78.
Operations and earnings for five years past were as follows:
320
326
Miles operated—
324
Passenger
Net
Div.
Mis. Freight,
Gross
5,043,848 6,228,292
Years.
Miles.
4,157,715
Mileage.
Earnings.* Earnings, p. ct. Passengers carried, No
Mileage.
320,837
280,071
Freight (tons) moved
254,580
302 33,388,877
9
69,902,718 $7,049,647 $3,206,897
$
$
1876-7.. 301 16,657,397
Earnings and Expenses—
$
86,712,311
6,488,037 3,325,215
5**
303 13,718,758 112,557,966
,...1,022,786 1,032,689 1,162,404
Passenger earnings
5,532,738 3,075,811 4
531,367
463,978
303 15,082,571 150,540,605
Freight earnings
427,298
5,932,325
2,935,344 4
118,178
121,283
1879-80. 303 19,812,238 166.178,752
Miscellaneous earnings
87,220
7,762,990 3,760,633 4
*
Does not include receipts from interest, &c., which are large.
Gross earnings
-nr. 32, p. 98,183; V. 33, p. 588; V. 34, p. 86. 145, 489, 549.)
1,497,914 1,617,950 1,811,849
Expenses and taxes
I,0o0,019 1,279,591 1,365,856
Little Miami.—December 31, 1881, owned from Cincinnati, O., to
445,993
338,359
opnngtield, O., 84 miles; branch, Xenia, O., to Dayton, O., 16 miles;
Net earnings
497.895
ceased, Columbus & Xenia Railroad, Xenia to Columbus, O., 55 miles.
165,399
193,305
Lease rentals
145,614
* Western Railroad, Dayton, O.. to Indiana State Line, 37 miles;
228,121
205,174
Interest and sinking fund.. 196,606
um°State Line to Richmond, Ind., 4 miles; total operated, 196 miles. The
„
-
....
1880-81
328
6,512,270
339,252
$
1,237,837
567,055
141,776
1,946,668
1,756,372
190,296
92,500
292,841
xxxvi
RAILROAD
Subscriber* will confer
*i!
a
DESCRIPTION.
Miles Date
For explanation of column headings, Ac., see notes
of
of
on first page of tables.
Road. Bonds
or
10%
10%
reg.
4
Lot
Angelos <t San Diego— 1st mortgage
Louisiana Western—1st mortgage
ft
27
112
Louisville Evansville d St. Louis.—1st mort
2d mortgage, gold
Louisville d Nashville— Stock
General mortgage, gold, coup, or reg
Louisville loan, main stem (no mortgage)
Lebanon branch, Louisville loan
do
extension, Louisville loan
Lebanon-Knoxville mortgage
Cecilian Branch, 1st mortgage
Consolidated 1st mortgage for $8,000,000
2d mortgage bonds, gold, coup
1st mortgage on New Orleans A Mobile RR
•
let
mortgage
Mortgage, gold, on Chic. & Indianapolis Div
1877-78.
3,260,600
1,881,750
1,157,861
Funded debt
Floating debt.
Total liabilities
6,300,211
6,160,059
Cost of property
1878-79.
$
3,260,600
2,479,712
725,386
6,465,698
6,271,300
•
•
Par
Value.
1881
1881
1873
1880
1881
1880
1,000
m
m
m
m
m
m
m
•
m
<m
m
100
m
m
1,000
1856
1863
1881
1877
1868
1873
1871
1872
1879
1879
762
1882
1,000
141
1880
m
•
m
•
m
•
m
•
210
210
45
180
104
185
•
.
•
1,000
.
.
1881
1881
1,000
1,000
1,000
1,000
1,000
1881
2.300,000
....
....
1867
1877
1881
1,000
100 Ac.
1,000
100
1880
1881
$
3,260,700
$
9,960,700
2,713,672 2,691,203
1.123,794 1,651,975
7,098,166 14,303,878
6,629,318 11,086,245
Chas. Crocker, President San
In addition to above, have $2,500,000 incomes due in
John Goldthwait, Pivsi-lent, Boston, Mass. (V. 32. p. 578, 658;
V. 33, p. 468 ; V. 3 i, p. 32, 115, 201, 549, 604; Vr. 35, p. 103, 131, 211.)
Louisville d Nash rifle.—June 30, 1881, mileage was as follows:
Main line—
Miles.
Miles.
Louisville to Nashville
185 Selma to Pineapple, Ala......
40
Branches—
Henderson to Nashville
135
Junction to Bardstown, Ky..
32
17 Pensacola Extension
Li
l.(.
Ill
14
Total owned
1,438
Leased and controlled—
141
Junction to Glasgow, Ky
10
Nashville to Decatur
119
-'A I
259 Decatur to Montgomery
189
46 Junction Paris A Evansville
RR to Owensboro, Ky
35
161
Lebanon to Greensburg
31
41
Selma to Montgomery
50
6
Total leased and controlled
434
44 Total operated June 30, 1881.1,872
l
ISO
..
Junction, Fla
Branch to Muscogee dock....
Purchased in July, 1881, a controlling interest in the Louisville Cin.
A Lex. (175 miles owned and 73 leased), and in November issued the L.
A N. mortgage on that road to pay for the said stock—the whole stock of
that company being $1,000,000 com. and $1,500,000 pref. tSee state¬
ment of L. C. & Lex. in Supplement of Feb., Is82, and prior dates.
The general mortg. of 1880 is for $20,000,000, of which $9,716,000 is
reserved to pay off prior liens. For the St. Louis & Southeast, roads the
$492,200 Trust Co. certificates were issued, secured by $800,000 of the
E. H. & N. bonds; they are redeemable any April or Oct., on 36 days
notice. The Southeast. A St. Louis RR., which was reorganized after fore¬
closure of the St. Louis A Southeastern, Nov. 16, 1880, is leased to the
Louisville & Nashville for 49 years, aud the L. & N. issues its bonds as
above, secured on the road, about 210 miles long in Indiana and Illinois.
There is also $999,500 of S. E. A St. L. stock. The L. & N. LebanonKnoxville bonds of 1881 cover 110 miles, subject to prior liens, and 62
miles building from Livingston to State line as a first lien. The Pen.
A Atlantic bonds were sold to L. & N. stockholders thus: $1,000 in
bonds, $500 in bond scrip and $400 in stock for $1,425 cash.
The
3d mortgage bonds of 1882 are secured bv pledge of a large amount of
stocks and bonds.
(See V. 34, p. 460 ) Tnc prices of stock have been:
1882.
Jan
10034- 92
Feb
95%- 67%
March...
83V 65
April
....
May.....
June
81V 72%
78V 72%
74%- 61
1881.
1882
94%-x87
94 %- ^9
95 - 85%
101V 90%
110%- 99%
109%-106
The brief income account for year
p. 96.
The annual report for 1880-81,
account of the various
an
July
August
Sept’ber
October
Nov’ber
Dec’ber
76%-" 645s
-
ending June 30, 18S2,
1881.
108%-x9S%
104%- 90
99 96%100%108%was
92%
90%
91%
99
in V. 35,
in the Chronicle, V. 33, j.439, gate
acquisitions in that
year. The ci mparative
statistics were as follows, not including Nashv. Chat. & St. L mis, wnich
Is reported separately;
•
g.
g-
g.
gg.
g.
g.
When
Where
Payable
M. & N.
Jan. 1
M. A N.
J. A J
J. A J.
A. A O,
M. & S.
F. A A
J. A D.
A. & O.
Various
A. A O.
M. A N.
M. A S.
A. A O.
M. A N.
J. A D.
F. A A.
J. A D.
A. A O.
Q.—Mar
J. A J.
6
M.
M.
M.
M.
M.
F.
A
A
&
A
A
&
Dividend.
N^Y., Corbin Bank’g Co.
do
do
N.
Stocks—Last
do
do
Y., Central Pacific.
May 1, 1911
May 1, 1931
May, 1891
i, 1910
1920
1921
1902
New York and Boston.
do
do
L. AN. RR., 52 Wall St. Feb.
1, 1882
Louisville A New Yorir.
June, 1930
N. Y., Bank of America. 1886 A
1887
do
do
1886
L. A N. Y.t D., M. A Co. Oct.
15, 1893
New York, Agency.
March 1, 1931
N. Y., Drexel, M. & Co.
Mar. 1, 1907
L. A N. Y., D., M. A Co.
April, 1898
N. Y. and Louisville.
Nov. 1, 1883
„
London, Baring Bros.
Dec., 1901
do
do
Aug., 1902
N. Y., Drexel, M. A Co. Dec. 1, 1919
N. Y., Central Trust Co.
Oct. 1, 1884
New York Agency.
Mar. 1, 1922
N. Y.t Drexel, M. A Co. Jan. 1, 1930
New York Agency.
April 1, 1910
do
do
March 1, 1921
do
do
March 1, 1980*
do
do
Mar. 1, 1920
do
do
May 1, 1931
do
do
Mar. 1, 1931
do
do
Aug., 1921
S.
S;
S.
N.
S.
A.
....
J an .V
7
7
6 g.
J. A J. N. Y., Drexel. M. A Co.
A. & O. N.Y., Imp.A Trad. N.Bk.
M. A N.
New York Agency.
i 897
1907
Nov. 1, 1931
6
0 g.
J. A J. N.Y., Nat.Bk.Commerce
F. & A.
do
do
July
1877-78.
1,"
1910
Aug. 1, 1911
1878-79.
660
312
1879-80.
880
960
966
972
1,425,128
3,723,643
458,828
$
1,267,797
3,627,925
491,874
1,840
$
1,700,207
5,135,985
599,651
3,263,356
5,387,596
3,155,824
4,208,199
10,911,650
6,92S,524
2,344,243
2,231,772
3,227,643
3,983,126
Miles owned
Miles ls’d A eontr’d..
•
Total operated..
Earning 8—
662
304
$
Passenger
Freight
Mail, express, Ac*
..
Total gross earn’gs..
Op. ex. (incl. taxes).
Net
Payable, and by
Whom.
A. A O.
g,
g.
1880-81.
1879-80.
1920.
ville, Ind
June.,Ill.,to Shawneotown.Ill.
Belleville, Ill., to O'Fallon, 111.
Pensacola, Fla., to Pensacola
3,000,000
600.000
2,950,000
1,248,000
3,000,000
3,000,000
2,900,000
892,000
3,208,000
5,000,000
3,000,000
$6,000,000.
Louisv. to Cecilian. .1 line., Ky.
East St. Louis. Ill., to Evans¬
2,000,000
3,500,000
1,000
Louisville Evansri!d St. Louis.—Line of road, New Albany, Ind., to
Mt. Vernon, Ills., 182 miles; branches to Jasper A Gentryville, 72 miles;
total, 254 miles; of which in operation in June, 1882,162 miles, and
balance in progress. The road is the reorganized Louisv. New Albany
A St. Louis, foreclosed in 1878. I11 January, 1882, a consolidation was
made with the Evansville Rockport A Eastern, with a total capital of
Paris, Tenn., to Memphis
5,000,000
1.000
1,000
1,000
Orange, Texas, and operated by the Texas & New Orleans RR.
Earnings in 1881, $235,234 ; net, $137,620. StocK is $3,360,600.
New Orleans to Mobile
Branch to Pontehartrain
492,200
10,000,000
.
to
Livingston, Ky..
Richmond, Ky...
Montgomery to Mobile
1,500,000
1,000,000
7,070,000
2,000,000
3,500,000
2,203,840
2,400,000
£200
£200
1880
1881
1881
1880
•
175
175
175
288
288
158
225,000
333.000
1,000
1,000
Louisiana Western.—Dec. 31, 1881, owned from Vermillionville, La.,
Junction to
Junction to
850.000
....
Los Angelos & San Diego. —Florence to Santa Anna, Cal., 27 miles.
Leased to Central Pacific, aud in 1880 the net earnings paid as rental
Francisco.
1,000,000
18,130,913
10,361,000
1,000
a reorganization of the Flush¬
ing & North Side road, foreclosed Dec. 11, 1880. The stock is $500,000;
par, $100. Leased to Long island RR. for 50 years at 40 per cent of
gross earnings. (V. 33, p. 154, 468 )
Capital stock $570,800.
3.900,000
1,000
1,000
.
6
6
7
6
6
7
7
3
6
6
6
6
6
7
7
7
7
6
6
6
6
6
6
6
3
5
6
6
2,240,000
100 Ac.
172
46
392
392
130
83
115
Cent.
556,000
.
....
m
Rate per
$600,000
312,000
150,000
•
1,000
1,000
1880
m
•
•
Long Island City & Flushing.—This is
$33,384.
Outstanding
500
—(V. 32, p. 16, 44, 68, 183, 231, 526; V. 33, p. 23, 154, 201, 225, 303,
442, 642, 687; Y.34, p. 19, 146, 408, 435, 549 ; V. 35, p. 102, 189, 211.)
were
Amount
$1,000
1,000
■
m
Bonds sec'df by pledge of 2d mort. 8. A N.Ala.RR..
1st M., gold, on Soutneast.A St.L.RR.,coup.or reg.
2d mort., gold, on Southeast. A St. Louis RR., cp.
Pensacola Div., 1st mort
Mobile & Montgomery Div., 1st mort
Pensacola A Selma Div., 1st mort
Pensacola A Atlantic, mort., guar
New Orleans Mobile A Texas debenture scrip ....
Louiev. Cin. A Lex., 1st mort
do
2d mort., coup., for $1,000
L. AN. mort. on L. C. & L., gold for $7,000,000...
Louisville New Albany d Chicago—Stock
Capital stock
[VOL XXXV.
INTEREST OR DIVIDENDS.
Size, or
1882
966
840
Memphis A Ohio, 1st mort., sterling, guar
Memphis A Clarksville br.. 1st mort., sterling
Mort. on Ev. Hen. A N., gold
Trust Company certificates
3d mort., gold, sink, fund, secured by pledge
$
BONDS.
great favor by giving immediate notice of any error discovered in these Tables.
Long Island City d Flushing—1st M.. coup,
Income bonds (cumulative) ($350,000)
Newtown A Flushing, guar
s,
AND
STOCKS
earnings
5,607,599
7,435,843
1880-81.
1,438
434
1,872.
$
2,599,353
7,407,403
904,894
INCOME ACCOUNT.
1877-78.
Receipts—
Net earn’gs,all s’rces
Disbursements—
Rentals for cars, Ac.
Rentals
Int.on debt (all lines)
Disc’nton bonds, Ac.
Dividends}
Adv’sAiut.S.AN.Ala.
So. A No-Ala! st’g
Miscellaneous
bds.
1878-79.
1879-80.
$
2,327,023
$
2,481,841
3,227,643
149,149
119,825
1,519,717
1,548,129
236,840
459,998
67,143
221,140
368,727
140,271
62,666
30,679
66,713
26,289
$
$
58,666
050,900
69,750
823,120
4,208,335
52,000
2,912,327
1,221,692
"6,345
39,933
Total disbursements
2,492,349
Balance
Def.145,326
r *
*
7
2,524,937
3,042,369
*4,192.364
Def.43,096 Sur.185,274 Sur.256,840
Includes rents, rent of cars and engines, Ac.
$240,869 of this is to be refunded to the L. A N. Co., and is included
in the balance of
$256,840. ‘
; O11 L. A N.. N. & D., and Mob. & Mont.
'
-(V. 32, p. 16, 39, 44, 70, 231. 266, 437, 444; V. 33, p. 124, 201, 225,
322, 358, 385, 412, 439, 468, 469, 716; V. 34, p. 86, 114, 175, 216, 264,
292, 344, 453, 460; V. 35, p. 50, 88, 96, 103.)
Louisv. N.
Albany & Chic.—Dec. 31, 1881, owned from Louisville, Ky.,.
to
Michigan City, Iud., 290 miles, and 90 miles of the Chic. & Indianap.
Div., Delphi to Maynard Junction—total, 380 miles. The road between
Delphi & Indianapolis was in progress. A lease for 999 years with Chic.
A West. Ind. at $84,000 per year gives entrance to Chicago. The L. N.
A. A C. was opened in 1852 and sold in foreclosure Dec. 27, 1S72, and
reorganized without any bonded debt.
I11 Aug., 1881, consolidated
with Chicago A Indianapolis Air Line, .and stock increased to $5,000,000,
giving 15
per
the company
on the dollar.
cent increase to stockholders of record Aug. 31. In 1880
sold $3,000,000 of bonds to the stockholders at 20 cents
The annual
report was published in V. 34, p. 228.
1881.
Gross
Operating
expenses
1880.
1879.
$947,654
earnings
$836,252
717,082
593,343
$696,631
596,657
.
$242,908
earnings
$230,571
$99,974
—(V. 32, p. 181, 335, 526, 578; V. 33, p. 23, 100, 124, 176, 255, 412,
519, 687; V. 34, p. 204, 228, 655; V. 35, p. 161.)
Net
the Framingham A Lowell
to Lowell, Mass., 26 miles.
from April 1,1871, to Boston
Co., and since Feb. 1, 1879,
On Feb. 14,1880, a lease of the road
Lowell d Framingham.—Sept. 30, 1881,
owned from South Framingham, Mass.,
Road opened Oct. 1, 1871, and was leased
Clinton Fitchburg A New Bedford RR.
operated by Old Colony RR. Co.
to B. C. F. A N. B. Co. for 998 years and 4 months, from Oct. 1,1879,
was ratified.
Sept. 10, 1881, sold at Sheriff’s sale and reorganized
uuder above name. The 8 per cent notes are surrendered for exchange
and cancellation, and preferred stock is issued for them and for unpaid
1881. Stock, $500,000, 5 per ct. preferred and $500,33, p. 176, 303, 744.)
Lykens Valley.—Dec. 31,1881, owned from Millersburg, Pa., toWilliamstown, 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 Coal.—Dec. 31,1881, owned from Andover, O., to Youngs¬
town, O., 38 miles ; branches to coal mines, 5 miles; total operated,43
miles.
It was opened May % 1873, and leased for 25 years from that
date to L. Sh. A Mich. So, RR., at 40 per cent of gross earnings. Capital
sto-k 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
cent of gross), $85,391, and in 1881, $88,583.
Maine Central.—Sept. 30, 1881, mileage was as follows: Main line,
Portland to Bangor, Me., 137 miles; branches, Cumberland Junction w
Waterville, 73 miles; Crowley’s Junction to Lewiston, 5 miles; Bat11 to
Farmington, 74 miles; Waterville to Skowhegan, 18 miles; total owned,
307 miles. Leased, Belfast to Burnham, Me., 34 miles; Newport, Me., to
Dexter, Me., 14 miles; total leased, 48 miles. Total operated, 351 miiee*
coupons to Oct. 1,
000 common. (V.
August,
KAILROAD
18b.. j
Subscribers will
on
Ac., see notes
of column headings,
first page of tables.
Miles
Date
of
of.
Road. Bonds
Coal.- 1st mortgage, coupon
Central—Stock
....
Bonr($ilOO,0001oan) A &. K. RR
Extension bonds, 1870, gold
Mahoning
Maine
or
Par
Outstanding
$1,000
$500,000
20
600,000
1,486,000
3,603,300
3,905,000
1,100,000
496,500
756,800
1,000
1872
100
100 Ac.
100 Ac.
500 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac
100 Ac.
100
7881
1
1872
1860-1
1870
109* 1868
1871
36
30
1866
71
1863
71
1865
26
Androscoggin Railroad, Bath
do
loan
City loan...—
1st mort., extended
consolidated mortgage....
Lawroiee—Stock
Manhattan Beach Co.—Stock.
Manchester <&
....
Jamaica RR., stock, guar
N Y Bay Ridge A
n’ Y. A Man. Beach
Man.
N. Y.
•
•
•
1877
1879
8^
....
....
....
....
2d M. (guar, by Manhat’n).
.
....
•
•
•
•
■»
•
•
•
....
C...
Cincinnati A Baltimore RR., stock
do
do
1st mortgage
m
m
30
5*2
....
,
•
200,000
13,000,000
(?)
6,500,000
1,000
50
8,500,000
2,450,000
1,050,000
2,500,000
3,000,000
4,000,000
300,000
1.125,000
1,000
750,000
50
1,247,450
1,000
500.000
....
....
....
.
mm
....
....
1869
.
.
m
^
....
.
....
•
consolidation in 1862 of the Androscoggin A Kennebec
Jan.
1,
1902
Aug. 15, 1882
A. A O. Boston. 2d Nat. Bank. April 1, 1912
do
do
1890 to 1891
M’nthly
A. A O.
J. A J.
J. A J.
do
do
do
do
do
do
do
do
Oot., 1900
July, 1898
July, 1901
J. A J. N. Y., Corbin Bank’g
do
do
M. A S.
J. A J.
do
do
6
6
7
2.000,000
1866
J.
April 1. 1891
July 3, 1882
A. A O. Portland, 1st Nat. Bank. Oct. 15, 1883
A. A O. Boston. 2d Nat. Bank.
April 1. 1895
M. A N. Manchester and Boston. May 1, 1882
1*2
1*2
l1*
6,500,000
1.000
1870
1873
1866
A O. Boston, Old Colony RR.
New York. Treasurer.
A J. N. York, Union Trust Co.
Sloe ks— Last
Dividend.
7
7
7
500,000
10,800,000
1861
A.
by
6
6
6
5
1,000,000
1.000
1861
5
Where Payable, and
Whom.
Q.-J.
July, 1891
300,000
1879
1876
..
18
188
188
York Elevated, 1st mortgage,
2d mortgage
3d mortgage
4th mortgage
Scioto &Hocking Valley RR., 1st mortgage
Balt. Short Line, stock, 8 p. c. guar by M. &
1st mort., guar, by M. & C
do
.
When
Payable
7
2
7
6
6 g.
7
6
633,000
1878
14
Marietta <6
This was a
....
....
gold
Cincinnati— 1st mortgage, dollar
1st mortgage, sterling
New
44
....
Metropolitan Elevated, stock
do
1st mortgage
do
....
Rate per
Ceut.
Princi
4,680,000
500 Ac.
500 Ac.
500 Ac.
100
100
100
100
88781
Manhattan Elevated—Stock, common
Stock, 1st pref., 6 per cent cumulative.
Stock, 2d preferred (cumulative?)
.
Bonds
pal,When Due.
Q.-J.
425,000
217,300
1,166,700
1,000,000
•
14*2
RR., lstjnortgage
Beach Impr. Co. (Limited), mortgage bonds
Bay Ridge & Jam. RR., 1st mort. (guar.)...
Amount
Value.
....
304
55
18
$1,100,000
Maine Central loan for
Leeds & Farmington Railroad
do
XXXVH
INTEREST OR DIVIDENDS.
Size,
1871
26
20
43
Sens Valiev-Stock..
Portland A Kennebec,
BONDS.
confer a great favor by giving immediate notice of any error discovered in these Tables.
description.
Pnr e 1
Aor pxnlanatiou
AND
STOCKS
Gross
r*
4
7 g.
7
8
8
7
4
7
4
7
Co Jan. 1, 1897
(?)
July* 1,'1882
Q.-.T.
July 1, 1882
Q.-J.
New York, Office.
A J. N. Y., Mercantile Tr.Co
M. A N. N.Y., Central Trust Co.
J. A J. N. Y., CornExch. Bank.
F. A A. Balt., R. Garret A Sons.
Loudon.
F. A A.
M. A N. Balt., R. Garret A Sons.
do
do
J. A J.
do
do
A. A O.
do
do
M. A N.
do
do
J. A D.
J. A D. Balt., Merch. Nat. Bank
Cincinnati.
M. A N.
J. A J. Balt., Balt. A Ohio RR.
Q.-J.
J.
earnings
March, 1909
July 1, 1882
July, 1908
Nov. 1, 1899
Jan. 1. 1996
Aug.
Aug.
May
July
Apr!
,
1891
1891
1896
1890
1908
May 1, 1896
(?)
Deo.
1, 1904
(?)
Jan. 1, 1900
j..
*
1,
1,
1,
1,
$7,224,542
4,639,970
A Kennebec. In August, 1873, the Port¬ Operating expenses
Kennebec and Leeds & Farmington rail¬
$2,584,571
roads were also consolidated with the Maine Central. The annual report The taxes assessed by the city against the Metro¬
was published in V. 34, p. 31. The ending of the fiscal year was changed
politan Elevated Railway Co., which are not
included in the above operating expenses, are..
from Dec. 31 to Sept. 30. so that no comparison of operations with prior
$628,919
years was practicable. The report had the following: “ The gross trans¬ Interest paid on Metropolitan Co.’s bonds, and
accrued to June 1, 1882
2,126,303—2,755,223
portation earnings of the last two years have increased very largely
over those of the two years immediately preceding, as will appear from
Showing a defleiencyto earn interest on bonds from Feb. 1,
a comparison of the earnings for these periods.
For the vears ending
$170,651
1879, to June 1, 1882, of
September 30 they were: 1878, $1,482,770; 1879. $1,465,458; 1880,
The statement by Mr. Cyrus W. Field in Y. 34, p. 61, showed gross
$1,661,779; 1881, $1,877,078. Our ordinary operating expenses have
necessarily been increased to enable us to do this amount of business, earnings for the two elevated roads as follows:
Railroad and the Penobscot
land & Kennebec, Somerset &
proportion, and we should be able to exhibt a hand¬
gain in the net results had we not been obliged to make large ex¬
penditures in the nature of permanent improvements, and as they are
Charged to the operating expenses this account is unduly increased.”
but not in the same
-New York
Company.—
INCOME
Receipts—
Net earnings..*
Other receipts
Total income
$647,722
8,656
$656,378
ACCOUNT.
Disb u rse men ts—
Rentals paid
Interest on bonds
$54,000
570,466
Total disbusements.. $624,46tf>
$31,913
Balance
-(V. 32, p. 333, 658; V. 34, p. 31 ; V. 35, p. 160.)
-Metropolitan Company.Gross
Gross
some
Year.
Passengers.
29.875,912
34,914,243
Earnings.
$2,239,489
Passengers.
16,169,269
Earnings.
$1,287,336
25,917,514
2,021,190
34,498,929
2,469,444
41,086,849
Operations for the year ending Sept. 30, 1881, were: Trains run (pas¬
senger only), 6,117,238 miles. Passengers carried, 75,585,778 ; carried
one mile, 2,449,735,065.
Pkirnings—Passengers, $5,280,273; mails,
$3,882; miscellaneous, $26,969; total earnings, $5,311,075. Expenses—
Maintenance of way. $176,912; rolling stock, $378,598 ; transportation,
taxes, &c., $2,746,575 ; total expenses, $3,302,086. (V. 32, p. 156, 421,
468, 552, 578, 612, 647,659, 685; V. 33, p, 24. 47, 74,100,124, 176, 255,
282, 304. 358, 385, 397, 404,468, 527, 560. 642, 717, 744 ; V. 34, p. 61,
86, 115, 264, 291, 378, 549, 663, 688, 714 ; V. 35, p. 50, 1 02. 132, 189.)
2,591,785
2.841,631
Manchester d* Lawrence.—March 31,1882, owned from Manchester, N.
H.,to Methuen (State Line), 22*4 miles; leased, Methuen Branch of the
Boston A Maine Railroad, 3% miles ; total operated, 26 miles. Road in
Marietta <& Cincinnati.—Dec. 31, 1881, owned from Cin. A Balt. Junc¬
operation since 1849.
Formerly operated with the Concord RR.
as one line,
on a division
of joint earnings. Methuen branch is tion, O., to Main Line June., O., 157 miles; branches and extensions—
leased at a rental of $11,000 per annum. Company lays claim to a two- Main Line Junction to Scott’s Landing, 31 miles; Marietta to Belpre, 11
flfths interest in the Manchester & North Wenre RR., which is operated miles; Portsmouth to Hamden, 55 miles; Blanehester to Hillsboro, 22
by Concord RR. Ten per cent dividends are paid. Gross earnings in miles; leased—Cin. A Balt. RR., 6 miles; Balt. Short-Line, 30 miles; total
1880-81, including amount received from Concord Railroad on account operated, 312 miles. The company made default, and the road was
of joint business, $185,641; net, $100,140. In 1881-82, gross, $199,848;
placed in the hands of Mr. John King, Jr., of the Balt. & Ohio, June 27
net, $100,199. (V. 32, p. 610 ; V. 34. p. 603.)
1877, and a foreclosure suit was afterward begun. The Marietta A Cin.
Manhattan Beach
Company.—A consolidation under the above title
February, 1880, of the New' York & Manhattan Beach
Railway, the Manhattan Beach Improvement Company and the Marine
was
made in
Co.
guaranteed the stock and bonds of the Baltimore Short-Line Rail
way, and when in default on its own bonds this rental of
Short-Line and the rental of the Cincinnati A Baltimore
the Baltimore
Railroad
were
paid. The coupons overdue on bonds Dec. 31, 1880, were six
1st
The stock of the new company, amounting to mort., $735,000; seven on 2d mort., $612,000; eight on 3d on
mort.,
$4,680,000, embraces the stocks of all the other companies converted
into it, and the Manhattan Beach Co. holds those stocks in its treasury, $960,000; seven on 4tli mort., $1,120,000; total, $3,427,000. The capi¬
tal stock is as follows: First preferred, $8,105,600; second preferred%
except about $100,000 of N. Y. & Manhattan Beach Railway pref.
stock, as also $300,000 2d mort. bonds of the N. Y. A Manhattan" Beach $4,440,100; common, $1,386,350. The amended plan foe reorganiza*
tion is given in Chkonicle, Yr, 34, p. 408, involving assessment on stock.
RR. The New York Bay Ridge A Jamaica Railroad is leased and the
From Oct. 31, 1879, the Receiver’s report showed that the income in
bonds and stock are guaranteed. In December, 1881, a lease of the
14 months ending Dec. 31,1880, was: Gross earnings, $2,477,634; net
New York & 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 earnings, $328,133; taxes and rentals were $538,512; deficit, $210,379.
Suit for foreclosure is vet peuding.
(V. 32, p. 16, 145, 231,526; V.
per year is guaranteed to pay all annual charges,
(V. 33, p. 642.)
33, p. 255, 304, 469, 642 ; V. 34, p. 204, 291, 408, V. 35, p. 44, 212.)
Manhattan Elevated—This was a corporation formed to lease and operate
Marquette Houghton <£ Ontonagon.—Dec. 31, 1881, owned from Mar¬
the two elevated railroads in New York City.
Its capital stock was quette, Mich., toB’Anse, 63 miles; branches, 27 miles; total operated, 90
$13,000,000, and it wras to pay the interest on the bonds of the two miles. This was a consolidation Aug. 22, 1872, of the Marq. A Ontonagon
elevated roads and certain dividends. The original lease guaranteed Railway and the Houghton A Ontonagon Railway. The company made
10 per cent per annum on the stocks, but this lease was amended in default on its bonds, and issued the present 6 per cent bonds in exchange
October, 1881, by the agreements made substantially as follows: 1. A for prior 8 per cent bonds. The stock is $2,306,600 common; preferred
tripartite agreement among the three companies that the indebtedness is $2,259,026, on which 4 per cent dividend was paid Aug. 15, 1882.
of the Manhattan Company to the Metropolitan and New York be can¬ The lands amounted to
425,000 acres, mostly timber and mineral
celed, except that the New York company should receive their divi¬ lands, and in May, 1881, were sold for $2,500,000, and $1,750,000 6
dends due in July and October, and the interest due July 1 on the New per cent bonds called in. In May, 1881, a circular was issued offering
York bonds, the interest on the Metropolitan bonds also to be paid, but to stockholders the privilege of subscribing to the stock of a land
no back dividends on
Metropolitan stock; the claim of the Manhattan company. See V. 33, p. 47. Operations and earnings have been
Company against the other two to be withdrawn; and then the net
Passenger
Freight (ton)
Gross
Net
earnings to be distributed as follows: First, 6 per cent on New York
Years. Miles.
Mileage.
Earnings.
Mileage,
Earnings.
etock, then 4 per cent on Metropolitan stock, provided that road should
88
15,816,466
1,030,290
$566,453
$299,182
earn it; then 4 per cent on Manhattan stock, and then nil the remain
88
1,130,678
15,124,336
277,157
552,671
ing surplus to be equally divided between the three parties to the com¬
88
771,538
1,615,903
20,804,176
,405.719
pact. 2. A supplementary contract was made immediately after be¬ 1881
90
23,477,533
2,033,885
893,638
433,756
tween the Metropolitan and Manhattan representatives, by which it was
—(V. 32, p. 552, 578; V. 33, p. 47, 154; V. 35, p. 50.)
Railway Company.
Company should have
Provided that the the extent of 6
the Manhattan to Metropolitan
per
in
a
preference over
Ane
t»7q
company went into receivers’ hands July 15, 1881.
+
to
nov
as shown
The state-
P- !S9)had the following: During the period from Feb. 1,
^UIle 11*1881, the earnings of the Metropolitan Company,
by the books of the Manhattan, have been as follows:
Massachusetts Central.—Boston, Mass., to Northampton, Mass., 104
as projected, 117..milesf Leased to Boston
A Lowell for 25 years, at a rental of 25 per cent of gross earnings,
and to be completed as specified.
Stock, $3,273,033. In April, 1882,
See refer¬
company became embarrassed and new plans were proposed.
ences in V. 34.
(V. 33, p. 469; V. 34, p. 574, 637; V. 35, p. 78, 132.)
cent out of its own earnings, and miles; branch, 13 miles; total
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
14, 188i, for the surrender of the stocks of the other companies
and the issue of new stocks
by the Manhattan Company, as follows:
lo 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 stockbblders, $13,000,000 of common stock. (See full contract, V. 33, p. 560.)
ine N. Y. Elevated stock was
mostly surrendered and exchanged, but
M®F°P°litan stockholders held out against it.
Memphis <£ Charleston.—June 30, 1881. owned from
Memphis to
Stevenson, Ala., 272 miles; branches—to Somerville 14 miles, to
Florence 5 miles, to Mississippi River 1 mile;
total operated, 292
miles. This road was leased June 2, 1877, to the East Tennessee Vir¬
ginia & Georgia Railroad for twenty years from July 1, 1877. The
lessees were to operate the road on their own account and apply the not
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 tliree years following in
case the M. & C. earnings should be insufficient to pay them. Of the new
KA1LK0AD
XXXYill
STOCKS
AND
BONDS.
[VOL. XXXV.
discovered In these Tables.
Subscribers will confer a great favor by giving Immediate notice of any error
DESCRIPTION.
L'i
■
of ooluran headings, Ac., see notes
For explanation
on
first page
Marquette R. d O.—1st
I
i
of tables.
mort.,M.& O., coup.
M. H. A O. mortgage—
187-920
Mass. Central—Now mort., gold, (for $3,500,000)...
Memphis d Charleston—Stock
1st mortgage, Ala. A Miss. Div. (extend, in 1880).
2d mortgage
Consol. M.,g.
-
($1,400,0001st M. on 91 m.inTeun.)
Memphis d LUUe Rk — 1st M. (paid $50,000 yearly)
General mort., laud grant, (s. f. $10,000 after ’82)
Mexican Central (Mexico.)— 1st M. ($32,000 p. m.).
Income bonds, convertible, not cumulative
Mexican National Railway (Mexico).—IstM., gold
Mex. Oriental Inter. d Inler'l—Stock ($20,000 p.inl)
Michigan Central—Stock
1st mortgage, convertible, sinking fund
1st mortgage,
convertible
Consolidated mortgage (for
$10,000,000)..,....
Michigan Air Line mortgage
--—
1st mort.,assumed by M. C..
do
do
4
Equipment bonds.
M. C. bonds, mort. on Grand River Valley RR.
Kalamazoo A South Haven, 1st mort., guar—
do
do
2d mort., guar—
Grand River Valley, stock, guar
do
1st mort., guar. 5
Detroit A Bay City 1st mortgage, endorsed
City Railroad
Jackson, Lansing A Saginaw 1st mort
Mort. on Detroit* Bay
do
do
do
,
Cons.
1st mortgage
whole line (300m.)
do
do
m. on
Middletown Unionville d Water (lap—1st mortgage.
Midland No. Carolina—1st inort. (for $L0,000,000)
Milw. Lake Shored West—Northern Div., 1st mort.
Consol, mort., gold (for $5,000,000)
Income bonds (not cumulative)
Miles
of
Date
of
Road. Bonds
50
90
116
292
181
272
292
133
133
....
•
.
•
.
....
800
284
284
284
103
10
....
82
39
39
1872
1878
1880
Size, or
Par
Value.
1,000
1,000
....
1,000
1,000
250 Ao.
....
1881
...
1857
1857
1872
1870
1870
1874
1879
1869
1870
....
....
84
145
145
116
1866
1872-3
1881
1865
1867
1871
1880
1866
1881
1879
1881
1881
....
236
298
13
....
100
311
....
consolidated mortgage, $1,400,000 is secured by the old Tennessee
100
J.
J.
J.
M.
N.Y., Metropolit’n N.Bk
1,958,000
250,000
2,600,000
Mb
500,000
640,000
1,000
70,000
491,200
1.000,000
424,000
100
1,000
....
1,000
1,000
1,000
....
400,000
15,000 p. m.
3,450,000
1.000
500,000
State
$1,736,900, assigned to a trustee. The first mortgage bonds due
In March, 1882, a
May, 1880, were bought up, but not paid off.
sale of the stock to East Tennessee Virginia A Georgia was arranged
(see terms, V. 34), p. 292, and a merger was to take place, but a threefourths vote is required for this, and it is not certain that it will be
obtained. Earnings for four years past were as follows:
Years.
Miles. Gross Earn’gs. Net Earn’es.
$862,513
292
$231,038
262,924
292
1,003.271
292
1,312,082
511,345
1,323,614
283,614
292
—(V. 32, p. 526. 552; V. 33, p. 553, 560; V. 34, p. 265, 292, 409, 714;
V. 35, p. 189, 212.)
Memphis d Lillie Rock— Dec. 31, 1881, owned from Little Rock,
Ark., to Memphis. Tcun., 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.
in 1880 gross earnings were $658,852; net earnings
$303,999; in 1881, gross. $765,840; net, $189,513.
The company
has a land grant from Congress of 1,000,000 acres, of which about
150.000 acres had been certified to it to June
30, 1881.
The
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 line; (3) from the main line to the City of
Guadalajara, and thence to Pacific Coast at San Bias. The company has a
subsidy from the Mexican Government of $15,200 per mile on most of
the lines, payable in certificates with which 6 per cent of customs duties
have to bo paid. The first mortgage bonds were issued thus: $5,000
with $1,000 fnoome bond and 40 shares of stock for $4,500 cash. The
stock authorized is $32,000 per mile. Thos. Nickerson. President, Bos¬
ton.
(V. 32. p. 100, 396; V. 33, p. 193, 469, 716; V. 34, p. 61, 147,
291, 344, 407, 435 ; V. 35, p. 132.)
db4,
Mexican National Railway (Mexico).—This is the road building from
Laredo to City of Mexico, under the Palmer-Sullivau concession, from
Mexico. Statements at some length as to the company’s affairs were in
the Chronicle, V. 33, p. 717; V. 34, p. 204. Bonds for $1,000 with
stock for $1,000 were issued for $1,050 cash. The road is built by the
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. (V. 32, p. 16, 685; V. 33, p. 193, 716, 717;
Y. 34, p. 204, 231, 604 ; V. 35, p. 50, 103.)
Mexican Oriental lnteroceanic d 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. See V. 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).
Michigan Central.—Dec. 31, 1881, owned from Detroit, Mich., to Ken¬
sington, Ill., 270 miles ; used jointly with Ills. Central, Kensington to
Chicago, 14 miles; leased lines—Michigan Air Line, 104 miles; Jackson
Lansing A Saginaw, 236 miles; Grand River Valley, 84 miles; Kala¬
mazoo A South Haven, 40 miles; Joliet A Northern Indiana, 45 miles;
Niles A New Lisbon, 11 miles; Detroit & Bay City Road, 145. miles;
total operated. 949 miles. The leased lines have been largely assisted
by the Michigan Central Company. The Vanderbilt party took posses
sion in June, 1878.
The income statement for first half of 1882 (V. 35, p. 22), showed net
balance of $27,500, against $442,000 in 1881.
The annual report for 1881 in Chronicle, V. 34, p. 518, said: “The
freight traffic shows an increase of 54,400,000 tons moved one mile, or
7’40 per cent over the previous year; while the earnings, on account of
the prevailing low rates incidental to the sharp contest between the
trunk lines, from the effects of which this company could not separate
itself, record a decrease of $520,000, or 8 40 per cent. Had the rate of
1380 been obtained on the traffic for 1881, the net revenue therefrom
would have been $970,000 (equal to over 5 per cent on the capital
Btock) greater than it now is. The passenger traffic also shows an in¬
crease over the previous year of 20,200,000 passengers moved one mile,
Or 17*47 per cent, and of earnings $350,900, or 14-26 percent,
The
operating expenses show an increase over those of 1880 of $993,000, or
17-31 per cent, wnich. however, is very favorable when compared with
the increased oost of labor, materials and fuel, which is 27 per cent.”
f
i;
rjl
!
•fj
8
8
8
6
7 g.
199.000
1,000
1,000
Grand Central Depot.
O. N. Y., Union Trust Co.
do
do
O.
N.
do
do
J.
do
do
do
do
N.
O.
do
do
8.
do
do
do
do
N.
do
do
N.
J.
do
do
do
J.
do
do
N.
do
8.
do
do
do
do
J.
do
J.
do
8.
do
do
S.
do
do
Aug. 1. 1881
Oct. 1,1882
Q.-F.
5
-
Jan. 1. 1915
Jan. 1, 1885
Jan. 1, 1915
do
do
do
do
....
8
8
3,526,000
1,024,000
68,000
1 943,000
1,100,000
1,000
1,000
J.
J.
J.
N.
N.Y., H.Talmadgo ACo. Yearly-’81-’83
July, 19071*
Boston.
J. A J.
July 1, 1911
do
July 1, 19H
A. A O. New York, Co.’s Office.
1911
2*3
-
&
&
&
&
June 1, 1892
Mar. 1. 1908
Jan. 1, 1900
do
do
Boston and New York.
Tanu’ry N. Y., L. Borg, 35 Wall.
1
8
8
7
8
8
8
6
8
8
556,000
1,000
Boston
It
Dividend.
7
7
7 g.
8
4,
7
3
6 g-
1,000,000
1.000
....
Slocks—Last
Boston, N. Eng. Tr. Co.
13,317,000
(?)
18,738,204
1,550,500
437,000
8,000,000
1,900,000
200,000
1,000
1,000
1,000
1,000
1,000
1,000
Bond*—Princi¬
pal,When due.
Whom.
J. A D.
M. & 8.
J. & J.
A. A
A. A
M. A
J. &
M. &
A, A
M. A
M. &
M. &
J. &
J. A
M. A
M. &
J. A
J. A
M. A
M. A
.
6
7
6
6
.
Oct.
1909
Nov. 1, 1889
Nov. 1. 1890
July, 1882
July 1, 1886
May 1,1902-3
Mar. 1, 1931
July 1, 1885
July 1. 1885
Sept. 1, 1891
Sept. 1, 1891
-
1886
1921
Mar. 1, 1909
Middleto’n,N.Y.,lst N.B
Company's Offices.
.
....
1,1882
May 1,1902
Jan. 1,1890
Nov. 1, 1890
April 1, 1883
M. A 8. N. Y.. 8. 8. Sands A Co.
M. A N.
I May
New York.
1, 1921
1 May 1, 1911
....
£3
OPERATIONS AND FISCAL RESULTS.
1878.
Operations—
1879.
1880.
1881.
1,373,530
1,445,655
1,699,810
2,079,289
Passengers carried...
79,684,072 93,232,430 115,523,789 135,706,148
Passenger mileage
Rate$) pass’ger^l mile
2-41 cts.
2-21 cts.
2-13 cts.
2-07 cts.
3,513,819
3,797,137
4,196.896
Froigut (tons) moved. 2,786,646
Freight (tons) mileage548,053,707 721,019,413 735,611,995 790,022,930
Av. rate $ ton $ mile
0-848 cts.
0*692 cts
0-842 cts.
0'718cts.
Earnings—
$
2,461,771
2,812,706
2,062,265
Passenger
1,918,609
4,986,988
6,195,971
5,675,731
Freight
4,646,248
297,541
293,633
312,050
Mail, express, Ac
307,237
Total gross earnings.
8,800,487
6,872,094
7,346,794
8,951,375
$
$
Operating Expenses—
Maint. of way. Ao
904,613
1,226,536 -1,627,919
854,554
Maint. of equipment.
670,006
825,196
623,730
648,718
...
Transport’u expenses
Taxes
2,455,164
201,682
2,296,394
204,497
Miscellaneous *.. 1
2,824,901
197,255
363,075
5144Q3
820,053
4,367,238
2,504,856
63*55
Total
Net earnings
4,69(5,592
5,738,751
3,431,244
215,802
631,935
6,732,096
2,647,202
3,212,624
2,068,391
76-50
6411
63-97
P.ct.op.oxp.to earn’gs
Includes legal expenses, rentals, loss and damage or freight, injuries
*
to persons, car
mileage, commissions, and several small items.
INCOME ACCOUNT.
1879.
1880.
1881.
$
2,647,202
68,634
$
3,212,624
Interest A dividends.
$
2,504,856
119,664
134,374
$
2,068,391
133,845
Total incomo
2,624,520
2,715,836
3,346,99?
2,202,236
184,310
1,431,640
184,310
1,385.120
1,499,056
1,503,616
749,528
184,310
1,403,472
1,030,601
4
5*3
1878.
Receipt 8Net
Irapuato, 219, miles; El Paso del Norte southward, 122 miles, and 20
miles of Tampico Division; total, 361 miles.
Under the management of
|i f
Payable
8
6
6 g.
1,000
Mountain, and on Jan. 1, 1882, the coupons were permitted to go to
default, and Mr. Marquand then offered to purchase the coupons, hold¬
ing them as a lion against the company, but afterward the coupons
were paid.
Mr. Russell Sage obtained a judgment against the com¬
pany (see V. 35, p. 22.)
F. A. Marquand is President, New York City.
—(V. 34, p. 204, 265, 292, 376; V. 35, p. 22.)
Mexican Central (Mexico).—April, 1882, owned from Mexico City to
■
Cent.
Where Payable, and by
13,536,500
fcneral mortgagethis companycent interest after July, St. Louis AApril,
880, control of carries 8 per was purchased by the 1882. In Iron
I! f
When
$1,445,500
646,200
2,541,000
5,312,725
1,000
1,000
lien for
£ i
Outstanding
Rate per
1,26 LOOO
$100Ao.
25
1854
1867
1877
1877
1877
1881
INTEREST OR DIVIDENDS.
Amount
earnings
Disbursements—
Rentals paid
Interest on debt
Dividends
Do
rate per ct.
Miscellaneous
Total
*
468,455
2*3
8
97,453
2,624,520
70,000
208,512
40,855
2,715,836
97,840
161,202
Balance, surplus
184,310
3,346.998
2,202,236
The Jackson Lansing A Saginaw debt is assumed by Michigan Central,
which also pays $70,000 per year on the stock of $2,000,000,
of which it owns; the proceeds of J. L. A S. lands go to j>ay bonds,
and in 1881 sales amounted to 45,667 acres, for $645,953, leaving
363,214 acres unsold, valued at $2,724,105. Interest was passed on
one-third
guaranteed, November, 1875, and
$3,625,750. In March, 1881, the
Michigan Central bonds for $4,000,000, secured by mortgage on that
road, were issued.—(V. 32. p. 205, 368. 437. 497. 511, 679, 686; V. 33,
p. 225, 358, 709, 744; V. 34, p. 518, 617, 637; V. 35. p. 22.)
the Detroit A Bay City bonds, not
was made Feb. 12, 1880, for
sale
Middletown Unionville & Water Cap.—Deo. 31, 1881, owned from Mid¬
dletown, N. Y., to Unionville, N. J. State Line, 13 miles.
Road opened
June 10, ’68. Is leased to the N. J. Midland RR. at a rental of 7 per cent
on stock ($123,850) and interest on b’ds.
G. Burt, Pres’t, Warwick, N.Y.
Midland North Carolina.—Jan. 1,1882, owned from Morehead City to
Goldsboro, 95 miles, and constructing; to Salisbury, 150 miles further.
Total projected line is 565 miles.
Trust Co., Boston, is trustee.
(V.
Milwaukee
Lake
Shore
&
Stock, 5,000,000.
34, p. 461; V. 35,
Western.—Doc.
American Loan ®
p.
51.)
31, 1881, owned from
Milwaukee, Wis., to Summit Lake, Wis., 225 miles; branches—Hortonville to Oshkosh, 23 miles; Manitowoc to Two Rivers, 6 miles, and Eland
Junction to Wausau, 23 miles; total operated, 276 miles. The company
defaulted on the interest of its bonds in Dec., 1873. and on Dec. 10,
1875, the property was sold in foreclosure for $2,509,788 and pur¬
chased by bondholders.
The reorganized company has $5,000,000
preferred stock and $1,000,000 common. A consolidated mortgage
for $5,000,000 is issued to take up all other debts, and the balance for
extensions, Ac.
In addition to above, there are $87,000 divisional
bonds outstanding, Pref. stock has a prior right to 7 per cent from net
earnings. The annual report for 1881 was given in V. 34, p. 713. la
1880 gross earnings were $427,751; net earnings, $154,487. In
gross, $637,485; net, $212,659.
(V. 32, p. 232, 288, 569,
657; V. 33, p. 580; V. 34, p. 115, 177, 655, 713; V. 35, p. 189.)
18bi
578,636,
Milwaukee d Northern.—Jan. 1,1881,
owned from Green Bav,
Wis.,
Schwartzburg, Wis., 104 miles; branches—Menasba and Appleton to
Hillbert, Wis., 22 miles; total operated, 125 miles. The new bonds
carry 4 per cent for one year, 5 per cent for one year and 6 thereafter.
June 5, 1880.foreclosure was made and road sold for $1,500,000. £h®
to
stock is $2,155,000, same as bonds. It
at a rental of ‘6742, per cent on gross
is leased to Wisconsin Central
earnings, terminable by either
AUGUST,
Subscribers will confer
description.
vnr
*or
column headings,
first
explanation of
*
on
page
of tables.
fschuylkiU Haven-Stock.
ulZ
Date
of
Road. Bonds
Ac., see notes
'itiUnnukez dbNortliern— 1st mortgage
mil
& St. L.—1st M., Mm. to Merriam June
Minneapoliso.oujj
T,mptinn to State Dine
INTEREST OR DIVIDENDS.
Miles
of
9
126
140
27
93
15
102
53
21
172
62
100
.
¥r)T*mnolis
Southwestern extension
SorSaSe Lake Superior Extension
2d inert. bonds, income. 5 A 10 years
1st mortgage, gold. Pacific Extension .......
utudssiopi £ Tennessee—1st mortgage, series
1st mortgage, series “ B, ’’ (a second lien)....
iyfSoQOHVi Kansas <& Texas
SfcocK.
•«
lfltm. cold, sink, fund, onroad and land (U.P.i
1st mortgage, gold (Tebo. & Neosho) ............
Consolidated mortgage, gold, on road and land...
2d mortgage, inconic (interest cumulative)
Booneville Bridge bonds, gold, guar
General consol, M.. gold (for $15,000,000)
East Line & Red River
Hannibal Si Central Missouri, 1st mortgage
2d mortgage
do
do
Intermit. & Gt. North’n, 1st mort., gold....
Mnrt£ra"0 on
on
.
2d mortgage
Colorado Bridge bonds
do
do
Missouri
1st mortgage, gold...
2d mortgage (sinking fund $50,000 per
Real estate (depot) bonds
Debt to St., Louis County (no bonds)
3d mortgage
Cor.sol. M., gold, for $30,000,000 (coup,
Carondelet Branch, 1st mortgage
Mortgage on
annum)..
100
«
•
•
•
1877
1877
1877
1879
1880
Size,
or
Par
Value.
Outstanding
$1,000
$2,155,000
50
4,022,500
455,000
1,000
1880
1,000
1881
1881
1877
1877
1,000
1,000
1,000
1,000
.
1868
1871
283
283
1872
30,000,000
7,000,000
2,573,000
800,000
225,000
1,000
1.000
500 (fee.
21
1870
1.000
15Lj
the Minneapolis
Preferred
stock of $8,000,000 is authorized and $4,000,000 issued; common stock,
$12,000,000 authorized and $6,000,000 issued; par of both $100 per
share. 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. 32. p. 121, 500, 569,
612; V. 33, p. 201, 470, 528 ; V. 34, p. 62, 521, 548, 549.)
Mississippi A Tennessee— September 30, 1881, owned from Grenada,
Miss., to Memphis, Tenn., 100 miles. Capital stock, $825,400. Debt
Earnings for three years past
$373,687; net, $169,955; 1879-80, gross,
$525,489; net, $269,379; 1880-81, gross, $492,186; net, $194,346. (V.
above in 1877.
gross,
34, p. 59.)
Missiniri Kansas A Texas.—Dec. 31,1881, owned from Hannibal, Mo.,
to Denison, Texas, 576 miles; branches—Parsons, Kan., to Junction City,
Kan., 157 miles; Whitesboro, Tex., to Ft. Worth, Tex., 71 miles; Ft.
Worth, Tex., to Hillsboro, Tex., 55 miles; Denison, Tex., to Gainesville,
Tex., 41 miles; Denison to Mineola, Tex., 103 miles; total, 1,003
miles. International & Great Northern, March, 1882—from Longview,
Texas, to Houston, Texas, 236 miles, and Palestine, Texas, to Laredo,
Texas, 415 miles; branches—Longview to Jarvis, 29 mile*; Houston to
Columbia, 50 miles; Phelps to Huntsville, 8 miles; leased—Round Rock
to Georgetown, 10 miles; Henderson to Overton, 16 miles; total oper¬
ated March, 1882, 760 miles.
The Missouri Kansas <fc Texas Company was organized April, 1870,
and embraces by consolidation the Union Pacific—Southern Branch, the
Tebo<fc Neosho and other minor companies. In 1874 the Hannibal &
Central Missouri was purchased. The company made default on their
consolidated bonds in Dec., 1873, and was operated by a Receiver from
Dec. 30,1874, to July 1,1876. when the Union Trhst Company of New
York took possession.
The election of Mr. Gould as President took
place in January, 1880. On Dec. 1,1880, the company took possession
of its property, paying the overdue coupons. The Missouri Kansas &
Texas bonds and Union Pacific Southern Branch bonds till 1881 received
5 per cent only in cash and balance in scrip. The company had a land
orv
The Booneville Bridge Co. is a separate organization, and earns
interest and proportion for sinking fund. Nov. 17,1880, stockholders
voted to increase stock by $25,000,000, to make extensions to Rio
title.
Grande River and City of Mexico and Fort Smith, Ark. The general
consolidated mortgage is at $20,000 per mile on all road built and to
be built; of which $18,217,000 is reserved to take up first consol, and
prior bonds; $10,000,000 reserved to take up income bonds and
est, with bonds under this mortgage which may carry less than
At end of 1881 there were outstanding,
coupons 6 per cent scrip.
in addition to
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.)
rne International & Great Northern Railroad was merged with this
company in May, 1881, by an exchange of two shares of Missouri
Kansas
& Texas for
one
of International & Great Northern,
ine International & Great Northern was a
consolidation of the
a
°o
* Great Northern Railroad and the International RR. of Texas
oept. 22,1873, The company made default on its bonds, and a Rewere made
on
ceiver was appointed in April, 1878.
Sales in foreclosure
^ an(* Get.
1879. In the reorganization the lands
were
of the com
conveyed to the
TOh? was
wmcn m°rtgage bondholders in full settlement for their lien on the road,
thereby discharged. The present income bonds were issued
ior one-half of
old mortgages and overdue interest. Interest at 4 per
i
190.000
,
pal,^When Due.
Stocks- Last
Dividend.
Payable, and by
Whom.
Payable
J.
J.
J.
J.
M.
J.
J.
J.
J.
A.
A.
J.
&
&
<fc
&
&
tfc
<fe
&
Si
<fe
Si
Si
D.
J.
J.
I).
N.
D.
D.
D.
J.
O.
O.
J.
<fe
&
&
&
&
&
Si
&
Si
Si
A
J.
I).
A.
O.
N.
D.
D.
N.
N.
N.
S.
N.
June 1, 1910
July 14, 1882
Jan. 1, 1907
Feb. 1, 1927
Jan. 1, 1907
June 1, 1909
Dec. 1, 1910
N.Y.,Mercli.Exch.N.Bk.
Phila.M.II. <fe8. II. R.Co.
N. Y., Continental N.Bk.
do
do
do
do
do
do
New York.
do
June 1. 1910
Jan. 1, ’86-’91
N.Y., Continental N.Bk.
April 1, 1921
April 1, 1902
July 1, 1902
New York
N.
Y., Imp. <fc 'Trad. Bk.
CO
do
’
6*g.
7 g.
7 g.
6
7 g.
6 g.
6
7 g.
7 g.
6 g-
6
7
1^
6 g.
7
8
7
7
6 g.
6 g.
Q.-J.
F. <fe A.
J. <fe J.
M. & N.
do
do
N.Y., Mercantile Tr. Co.
N. Y., Co.’s Office,
do
do
do
do
1904-1906
April 1, 1911
May 1, 1908
1, 1920
Dec.
1900
New
May 1, 1890
May 1, 1892
York, Co.’s Office.
do
do
Y., National City B’k
Nov. 1, 1919
1909
1920
New York, Office.
N.Y., Mercantile Tr. Co.
July 1, 1882
Aug., 1888
July, 1891
May 1, 1892
Feb., 1885
N.
do
do
do
St. Louis.
do
mont’ly
M. Si N.
M. & N.
A. & O.
Jan., 1899
June, 1903
Y., Union Trust Co.
N.Y., Mercantile Tr. Co.
do
do
do
do
Nov" 19*20
Oct.
1, 1893
Oct.
1. If 81
....
N.Y., Mercantile Tr. Co.
7
do
do
A. tfc O.
cent for 1879 was paid on these and for 1880 5 per cent—2^j per cent
March 1 and 2^2 per cent Sept. 1,1881. The option was given to ex¬
change these for the new 6 per cent second mortgage bond. Internat.
<& Great Northern earnings iu 1881 were $2,837,897; net, $731,588.
Prices of Missouri Kansas & Texas stock have been:
1 QQO
1881.
1881.
1882
51V 40*4
48 - 40bj July
41V 33%
Jan
393a- 35i0
45V 37
50V 393s AUgUSt
Feb
383e- 26bj
44 - 39*8
473s- 42 Lj Sept’ber
March... 36V 2638
42V 36 78
October..
47 V 43
April.... 35V 29
44i2- 38 Lj
54 - 44^2 Nov’ber
May
33 - 28*4
41V 34 7g
Dec’bcr
...
533e- 49
34V 2678
June
No pamphlet report of M. K. & T. for 1881 was issued, but the returns
to Poor's Manual had the following
1881.
1880.
1879.
1878.
879
1,003
786
786
Miles of railroad
$
$
714,751
820.201
1,058,054
2,455,864
173,677
3,110,461
232,389
4.050.119
2,981,682
2,383,085
3.344,292
2,072,751
4,161,671
2,616,046
5,360,837
3,299,541
593,592
1,271,541
228,333
1,545,625
2,061,296
$
Earn'ys A expenses—
766,602
Passenger earnings.
2,039,928
Freight earnings —
Miscell. earnings
175,152
Gross earnings..
Expenses, taxes, <fcc.
Net earnings
Imp.,eng.,car hire,<fec
....
250,109
252,663
149,622
3,449,163
1,545,625
1,043,208
348,483
Available revenue
—(V. 32, p. 101, 183, 205, 335, 421, 469, 526, 552, 613, 652, 659. 685,
686; V. 33, p. 47, 74, 201, 358, 404, 412, 470, 589, 716, 736; V. 34, p.
292, 344, 378. 522, 625, 714; V. 35, p. 77, 133.)
..
Missouri Pacific.—This was a consolidation in August, 1880, embracing
the Missouri Pacific, St. Louis & Lex., Kansas City <fc East, and Lex.
South, in Missouri; and the St. Louis Kan. & Ariz. and Kan. City Leav.
<fc Atch. in the State of Kansas—Dec. 31,1881,904 miles. In May, 1881,
the St. Louis Iron Mountain & Southern was taken in, as follows: From
St. Louis to Texarkana, Texas Line, 490 miles; branch lines, Mineral
<fc
Point, Mo., to Potosi, Mo., 4
miles; Bismarck, Mo.,to Belmont, Mo., 121
;Poplar Bluff, Mo., to Bird’s Point, Mo. (Cairo), 74 miles; Gurdon,
Ark., to Camd,en, Ark., 34 miles ; total, 723 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
miles
stock of $800,000.
and others, and a new company organized with a
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¬
consolidated company, as above given, amounting
$20,184,000. The remaining $9,816,000 are issued as maybe re¬
quired for finishing, constructing, purchase, acquisition, Ac.
The St. Louis Iron Mountain & Southern stock was merged in the
Mo. Pacific in May, 1881, on the basis of three shares of Mo. Pacific for
four shares of Iron Mountain. In August, 1881, a circular was issued
giving holders (Aug. 8) of ten shares Mo. Pac. stock the right to take
one snare in the Hudson River Contracting Co., to build 250 miles of
new road from Knobel, on northern line of Ark. to La. State line, in
Ashley Co., under the Cairo & Fulton charter.
No annual report for Missouri Pacific was issued for the year 1881,
but the following is from returns made to Poor's Manual:
-.
$8,640,957
Earnings
Expenditures
3,628,154
standing bonds of the
to
Net
$5,012,802
$1,295,Dec. 31,
payments, $524,465; total,
ear,
earnings
Payments: Rental of leased lines, $78,500; interest on bonds,
371; other interest, $49,000; dividends (April, July, Oot. and
1881.1*2 per
$3,471,50 3.
inter¬
6 per $2,516,457.
above, $2,003,262 income
7
7
7
6 g.
8
8
(0
205,000
,
mort., gita-r......
about 5,000,000 acres,
245,000
1,000
mort. (1877), numbered
in all), are guaranteed
Railroad. The bonds on the 15 miles were issued by
& Duluth Railroad before it was absorbed by this company.
amounting to
700,000
3,828,000
5,169,000
1,000
1,000
1,000
consolidation was arranged
Gross earnings for year
bonds of the $1,100,000
from 1.101 to 1,400, for $500 each ($150,000
by the Burlington Cedar Rapids & Northern
P&ny,
447,000
768,000
32,000
100
total operated, 506 miles. In June, 1881, a
with $2,000,000 of stock. (See V. 32, p. 613.)
1881 were $1,071,183; net, $265,805. The
„
914,000
11,073,000
7,954,000
7,054.000
Minneapolis & St. Louis.—Dec. 31, 1881, owned main line, Minneap¬
200 miles; Pacific Division, Wintlirop to Minneapolis, 62
miles; White Bear Branch, 15 miles; Taylor’s Falls Branch, 20 miles;
Hart’s Ford Branch, 3 miles; leased, White Bear to Duluth, 145 miles;
At
8,128,219
1,000
olis to Angus,
cent interest.
14,772.000
1,000
included in lessee’s returns.
as
2,296,000
349,000
1,000
months’notice, and on Feb. 1,1882, the lessee gave
was consolidated
were:
1878-79,
976,000
1,003,000
44,652,000
1,000
1,000
1,000
500 &c.
1,000
1,000
1876
1880
1873
1882
299
708
7 g.
7 g-
500,000
930,000
1868
1870
1871-3
1876
1873
1880
1880
1870
1872
1879
1881
1880
70
70
731
734
7 g.
7 g.
636,000
100
1,276
3*2
246,000
Where
When
J.
J.
F.
A.
M.
J.
J.
M.
M.
M.
M.
4, 5,6
-
1,015,000
1,276
182
100
786
786
Rate per
Cent.
950,000
280.000
1,000
1,000
1,000
such
notice.
Gross earnings, 1879, $383,251; net. $136,033.
Gross in
—1880, $470,801; net, $175,053. Gross in 1831, $530,250; net, $198,944.
1(V. 32, p. 335, 437; Y. 34, p. 147 ; Y. 35, p. 51, 103.)
Mine Hill <£ Schuylkill Haven.—Nov. 30, 1881, owned from Schuylkill
Haven. Pa., to Locust Gap, Pa., with branches, 66Lj miles. Road was
leased May 12,1804, to the Philadelphia &i 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;
nartv on 6
Amount
500 Sic.
147
or reg.)..
Omaha Branch ($20,181,003)
Missouri River HR., 1st mort
Leavenworth Atch. & N. W„ 1st
-
1880
708
Pacific—Stock
XXXIX
by giving Immediate notice of any error discovered In tbese Tables.
Bonds—Princi¬
a great favor
-
AND BONDS.
STOCKS
RAILROAD
1832.]
$4,057,756.
cent each), $1,524,167; other
Surplus from last
Balance, surplus, $1,541,299.
Balance to credit of income account Dec. 31,
GENERAL BALANCE
Assets.
Construction & equip.
Real estate
Stocks and bonds
Materials and fuel
Current accounts
Cash on hand
SHEET DEC.
31,1881.
Liabilities.
$33,555,939 Capital stock
73,766 Funded debt
20,300,866
1,091,763
6,463,138
585,540
Sundry accounts
Bills
payable
Profit and loss
Total assets
$62,071,014
The St. Louis & Iron Mountain road
and finally made a compromise with
Total liabilities
$29,955,375
20,664,000
6,941,926
451,956
4,057,756
$62,07 L,014
defaulted on its interest in 187o
its bondholders, issuing the first
pref. income bonds due in 1891-95-97 and 1914, the overdue coupons on
mortgage bonds, the coupons not being canceled but held in trust as
secunty. The 2d pref. income bonds, aue 1914, were issued to holders
of consolidated mortgage bonds, and those bonds deposited as security.
Interest to Dec. 31, 1879, has been paid on the Income bonds, but
nothing since, and suit has been commenced to compel the payment
of interest. The company offered to exchange them for the new 5 per ct.
mort. bonds, with wnich all other bonds are eventually to be retired; in-
„
RAILROAD
xl
Subscribers will confer
a
explanation of column headings, Ac., see notes
on first
page of tables.
Missouri Pacific—(Contin ued)—
St. Louis ifc Lexington, 1st mort
St. L. Iron Mt. ifc So., 1st more., coupon
<lo
2d mor., gold, coup., may be registered
Ark. Branch, 1st mort., gold, land gr"
do
do
Cairo Ark.& T\, 1st, gold, cp.or.reg
do
CairOcV Fulton, 1st, gold, ou road .k land
1st pref. income bonds,reg.(cuiuulative)
do
do
2d pref. income bonds,reg.(cumulative)
St. L. I. Mt.ik S.,Gen’l consol. M. (for $32.036,009)
do
do
supplemental....
Mobile d Alabama Grand Trunk—Stock
1st mortgage bouds ($20,000 p. m.), coupon
Mobile d Girard—2d mort., end. by Cent. Ga. RR..
3d mortg. bouds
Mobile d: Monty.—Stock
Mobile d Ohio—Stock. 1...
New mortgage, principal payable in gold
1st pref. iue. aud s. f. debentures, not cumulative
2d
do
do
do
3d
do
do
do
4th
do
do
do
Cairo extension (Kv. & Teun. RR.)
fund
Amount
Outstanding
$25,000,000) guar. D. L. & W..
Special real estate mortgage—
Real estate terminal mort. (guar. D. L. & W)
Nashua d Lowell—Stock
Consol, mort. (for
Bonds for freight depot (gold)
1867
1872
1870
1872
1870
1879
1879
1881
1881
....
....
686
34
56
56
85
..
1874
1869
1877
....
186
506
472
....
1879
1879
1879
1879
1879
1SS0
....
2-
40
110
150
137
84
1,000
1.000
1,000
1,000
34
137
1864
1866
Var’us
1871
1875
....
1882
54
1.000
1,000
1,000
....
100
1876-90
45(1,700
1,121,000
300,000
800,000
100
100
Passengers carried...
....
....
1,000
1,000
1,000
50
250
500 &c.
1,000
1,000
1,000
1879.
085
1880.
085
1831.
719
,
1
When
Where
Payable, and by
Whom.
Payable
Stocks—Last
Dividend.
N.Y., MercantileTr. Co.
do
& A.
do
Aug. 1, 1892
& N. New York or London.
May 1, 1897
& I). N. Y.. Mercantile Tr. Co. June 1. 1895
ifc D.
do
do
June 1, 1897
ifc J.
do
do
.Tan. 1, 1891
do
March.
do
Pci. May, 1880
do
March.
do
Pd. Oct. 12,’80
F.
M.
J.
J.
J.
A. & O.
A. <k O.
do
do
do
do
April 1, 1931
April 1, 1931
g.
8
4
21s
J.
J.
J.
F.
tk J. New York & London.
<k .T. N. Y.. Nat, City Bank.
& I).
do
do
<k A. N. Y., Drexel, M. & Co.
July 1, 1910
Jan., 1889
J.
& D.
Dec.
June. 1897
(?)
5,320,600
6 g.
7
7
7
7
6
2
7
6 g.
7,000,000
5,300,000
1,850,000
600.000
900,000
600,000
800,000
5,009.000
1,809,000
15,000,000
5,000,000
3L2
7
rr
2,999,000
284,000
7
7
7
4,991.000
5,994,000
j
i,doo
600.556
652,7.57
829,152
913,755
32,39(1,103 31,348.280 45,831,042 57,640,368
Freight (t’ns) moved.
094,601
981.139
l,187,<*97
1,593,943
F’ght (t’us) m’vd 1 w.170,988,859 226,573,979 263,223,376 309,271,737
$
Earn'gs d expenses—
$
$
$
1,027,884
981,151
1,268,873
Passenger earnings..
1,527,894
Freight earnings
3,282,898
4,103,665
4,097,0 47
5,147,077
Miacellan’s earnings.
203,539
207,795
295,076
711,402
Pass’rs carried 1 mile
[Vol. XXXV.
....
7
3,022,517
1,000
1873
6
5 g.
5 g.
51 1,000
1,000
1,000
1,000
100
7 g.
rr
4
(?)
(?)
10,000,000
....
50
1878
1880
7
7 g.
7 g.
7 g.
4,000,000
‘6,000,000
2,500,000
1.450,000
7,782.000
1,000
terest on both classes of the income bonds is cumulative. The Mercantile
Trust Co. of N. Y. is trustee of the general consol, inert. The St. L. I. M.
& So. annual report for 1889 was published in V. 32, p. 285. Compara¬
tive earnings, &c., of St< L. I. M. & S. for four years are as follows :
1878.
085
Rate per
Cent.
$650,000
210
310
99
71
301
84
Convertible bonds
Gen. m. & 1st oil Boonton Br. &c. (guar. D.L.&W.)
Miles of railroad
BONDS.
INTEREST OR DIVIDENDS.
Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
8197881
Montpelier d Wells River—Stock
Morgan's La.d Texas— 1st mort.,gold(N.O.to M.City)
1st mortgage, extension, gold
Morris d Essex—Stock
1st mortgage, sinking
2d mortgage
AND
great favor by giving immediate notice of any error discovered In these Tables.
DESCRIPTION.
For
STOCKS
3,345,000
800,000
200.000
f
)
Yearly.
Yearly.
Yearly
Yearly.
J.
<fc
J.
....
&
&
&
&
&
&
A. &
J. ifc
A.
J.
J.
M
F.
J.
O.
J.
J.
N.
A.
J.
O.
I>.
Mobile and New York.
New York City.
do
do
do
do
do
do
N. Y., 11 Pine Street.
Boston.
New York.
do
N. Y., Del., Lack & W.
<lo
do
do
do
do
do
do
do
do
do
1, 1927
July 1, 1892
April
July
July
May
Aug.
CO
1,
1,
3,
1,
1,
1918
1920
1882
1914
1891
Jan. 1, 1900
Oct., 1901
June 1,1915
7
4
6
J. & J. N. Y., Del. Lack. <fc W.
M. ck N.
Boston ifc Nashua.
F. & A. Bost..Parker i&St’ckpole.
July 1, 1912
May 1. 1881
Aug. 1, 1893
Mobile ifc Ohio Railroad, the entire amount of which (excepting less than
1 per cent of the first liens and a very limited percentage of the inferior
uens), with the power and authority to avail of the decrees of the
Circuit Court of the United States, adjusting and establishing said in¬
debtedness, are assigned and transferred to the Farmers Loau & Trust
Company, as trustees, for the further security' of the bonds and deben¬
tures herein referred to. The capital stock authorized by tbe 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 percent, if earned.
The Cairo Extension
bonds may be redeemed before
maturity any
January 1 or July 1 at 110, six week’s notice being given.
In August, 1881, 7 per cent was declared ou 1st preferred incomes;
also 2 per cent on 2d incomes. In August, 1882, only 2 per cent was
declared on the first preferred incomes.
Tbe last report was published in the Chronicle of Aug. 5, 1882,7.
Gross earnings
4,514,321
5,292,611
6,265 597
7,686,973 35, p. 161, showing net earnings in 1881-2 of
$562,043, against $815,Expenses, taxes, &c.
2,568,365
2,992,050
4,931,863 330 in 1880-81. Operations for live years
4,075,226
ending June 30 were:
Passenger
Freight (ton)
Gross
*Net
Net earnings
1,945,956
2,300,555
2.190,370
8,755,110
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings.
p. 183, 368, 469, 488, 526, 553, 569, 613, 659; V. 33, p, 24, 75’
—(V. 32.
529
9,004,770
61,388,247
$2,072,634 $163,226
100, 125, 155, 176, 275, 304, 396, 442, 502, 560, 687; V. 34, p. 20, 265’
529
8,715,315
70,706,581
2,098,540
376,321
292, 316, 317, 344, 345, 479, 489, 575,655,679; V. 35,p. 77,104, 182.>
506
6,968,900
58,339,703
1,830,620
379,468
506
10.468,635
80,406,765
2,284,615
824,966
Mobile d Ala. Grand Trunk
Dec. 31, 1881. owned from Mobile, Ala.*
11.312,655
86,956,914
2,377,817
815,330
to Bigbee Bridge, 56 miles. The company has been in default, and will
be sold in foreclosure unless reorganized without sale. The plan pro¬
After deducting all expenses, including extraordinary.
posed for the issue of new stock and bonds was given at length in the
Chronicle, V. 32, p. 636, but tbe modified plan proposes to give $420 —(V. 33, p. 176,281,329,358; Y. 34, p. 115; V. 35, p. 161.)
in new' mortgage bonds, $300 in incomes, and $480 in stock for each
Montpelier d Wells River.—Dee. 31,1881, owned from Montpelier to
$1,000 of old bonds, on payment of $120 cash by holders. Old stock¬ Wells River, Vt., 38 miles.
Reorganized January, 1877. D. R. SortweU,
holders to receive 50 per cent in new stock. T. G. Bush, President.
Presideut, East Cambridge, Mass. Gross earnings in 1880, $86,479
—(Y. 32, p. 636.)
net, $20,629.
In 1881, gross, $115,847 ; net, $23,421.
Mobile d Girard.—May 31, 1882, owned from Columbus, Ga., to Troy,
Morgan's Louisiana d Texas Railroad d Steamship Co.—March 31,
Ala., 84 miles. Common stock, $987,164; preferred stock, $279,900, and 1882, owned from New Orleans to
Vermillionville, La., 144 miles;
$5,080 Pike County stock. Seaond mortgage bonds are endorsed by Vermillionvillo to
Alexandria, La., 84 miles; other branchos, 21
Central RR. of Ga. There are also $33,000 3d mort. 6 per cent bonds,
miles; total. 249 miles.
This company’s application to the New
due June 1, 1897. In 1879-80 gross earnings, $228,039; net, $78,704.
York Stock Exchange, July, 1881, stated that:
“The company’s
In 1880-81. gross. $275,846; net, $86,673.
In 1881-82, gross, $269,011;
property consists of sixteen iron steamships, five of which ply
net, $59,443. (V. 33, p. 73 ; V. 34, p. 130.)
between New York and New Orleans, nine between Morgan City,
Mobile d Montgomery.—Dec. 31,1881. owned from Montgomery. Ala., La., and the various Texas aud Mexican ports, aud two between New
to Mobile, Ala., 180 miles.
Default was made on the bonds in 1873 and Orleans, Florida and Havana ports; also four large ferry boats, tugs,
the road was sold in foreclosure Nov. 16,1874, and purchased bv bond¬
dredge boats, wharves, warehouses, and terminal facilities, besides nearly
holders, who organized this company on a stock basis, m Nov*, 1879, the entire capital stock of the Gulf Western & Pacific Railroad, Texas
$1,550,000 of the stock owned in this country was purchased by parties Transportation Railway Co., Buffalo Bayou Ship Channel Co., and a
in the interest of the Louisville <fc Nashville Railroad at 80, giving the majority interest in the capital stock of the Houston & Texas Central
control to that company. The old mortgage debt out June 30, 1881, Railway Co., &o. It operates 249 miles of completed road in Louisiana.
was $261,000.
Gross earnings in 1880-81, $951,051; net, $226,193. The capital stock is.$5,000,000. Gross earnings in 1881-82, $4,188,622;
surplus over expenses, interest, «fc., $722,450. Chas. A. Whitney, Prest.,
—(V. 34, p. 265.)
New Orleans, La.
(V. 33, p. 100; V. 35, p. 51.)
Mobile d Ohio.—June 30, 1881, owned from Mobile, Ala., to
Columbus,
Ky., 472 miles, and extension (by Ky. & Teun. RR.) to Cairo, 22 miles:
Morris d Essex
Dec. 31, 1881, owned from Hoboken, N. J., to Phillipsbranches—Artesia, Miss.,to Columbus, Miss., 14 miles; Artesia, Miss., burg, N. J., 84 miles; branch. Deuville, N. J., via Mor. & Es.fTunnel, to
to Starkville, Miss., 11 miles; Muldon, Miss., to Aberdeen, Miss., 9 miles;
Hoboken, N. J., 34 miles; leased Dover to Chester, 10 miles; Newark &
total operated, 528 miles. The Co. funded coupons from their bonds in Bloom. RR., 4 miles; total operated, 132 miles. In 1868 this road
Feb., 1867, and resumed payment of interest May, 1870. In 1872 the 2d was leased in perpetuity to the Del. Lack. & W. RR. The lessees assume
mortgage bonds were issued to pay floating debt. A default was made all liabilities of the Mor. & Essex RR. and pay 7 per cent per annum on
May 1, 1874, and two trustees aud receivers took possession May 8, the capital stock, and they also agreed to pay 8 per cent in case the
18 / 5. The stock and bonds of the company were placed on the N. Y. Morris & Essex earns 10 per cent on its stock m
any one year after the
Stock Exchange list in Julv, 1879, and from the statement then sub¬ year 1874. Earnings for five years past were as follows:
mitted the following revised description was taken. The new liens issued
Gross
Net
Div’d
and to be issued are as follows: First.—New mortgage to the Farmers’
Years.
Miles.
Earnings.
p. ct.
.Earnings.
Loan & Trust Co., of New York, as trustees, upon the main line,
121
$3,368,441
$1,222,507
7
excluding
branches, to secure bonds in the aggregate amounting to $7,000,000,
121
782,328
2,710,117
dated June 1, 1879, due, in gold coin of the United States, Dec. I.
121
3,515,097
1,559,354
7
1927, interest at 6 per cent per annum in lawfi* money, represented
121
3,823,652
1.446,193
7
by coupons, payable June 1 and Dec. 1 each year, in the cities of New
121
7
4,246,656
1.647,019
York and Mobile. The w hole amount of these bouds will be issued at
The loss to lessee in 1879 was $900,701; in 1880, $1,012,416; in 1881,
once.
Second.—Deed of trust to the Farmers’ Loan <fc Trust Co., as trus¬
tees, to secure four series of preferred income and sinking fund deben¬ $985,890. (V. 32, p. 183, 577 ; V. 34, p. 489, 687.)
Nashua d Lowell.—March 31, 1882, owned from Lowell, Mass., to
tures. which will be issued only to tbe extent required to meet the out¬
standing liabilities of the Mob. & O. RR. Co., after deducting the amount Nashua, N. H., 15 miles; leased—Stony Brook RR. 13 miles; Wilton RB.,
16 miles; Peterborough RR., 10 miles; total operated, 54 miles.
of such liabilities provided for in and by the new mortgage of $7,000,000
The road was operated with the Boston & Lowell till Oct. 1,1878. On
These debentures are secured by a deed of trust to the Farmers’ Loan
October 1,1880, a lease for 100 years to the Boston & Lowell wa#
& Trust Company, covering specifically the lauds
(including over
1,150,000 acres of laud donated by the United States) and other prop¬ made. There are also $100,000 5 per cent bonds due July 1,1900, in
erty not necessary for the operation of the road.
Interest at the addition to above debt, and the company holds $300,000 cash assets
rate of 7 per cent per annum, or in multiples of 1
against the debt. The rental is $60,000 per year, equal to 7^ per cent
per ceLt, but
on stock, but, including other revenue, dividends are 8 per cent.
not exceeding 7 per cent in any one year on these
(V*
debentures,
is payable annually upon each series in the order of their
priority, 32, p. 16, 43, 335.1
but only if earned in the preceding fiscal year,
Nashville Chattanooga d St. Louis.—June 30, 1882, owned from Chat¬
and is non-cumulatiye. The holders of debentures have one vote for each $100, and each tanooga, Tenn., to Hickman, Ky., 321 miles; branches—Wartrace,Team,
year they instructed the Fanners’ L. & T. Co., trustees, how to vote at
to Shelbyville, Tenn., 8 miles; Bridgeport, Ala., to Victoria, Tenn.,fl*
tbe stockholders’meetings upon the majority of the stock of the Mobile & miles;
proprietary lines—Nashv. to Lebanon, 30 miles; Tullalioina to
Ohio Railroad Company, the power to vote upon which is
irrevocably Caney Fork, 48 miles; Decherd to Fayettev., 40 miles; Centrevuie
with the Farmers’ Loan <fc Trust Company, until the
extinguishment of Branch, 25 miles; Duck River RR. (leased), 48 miles; total, 539miles.
eaid debentures. The foregoing bonds and debentures are issued in for¬ The debt to the United States and the bonds endorsed
by Tennessee are
bearance, extension and comxnoniise of the present indebtedness of the secured by deposit in trust of this company’s first mort. bonds.
—
*
—
„
.
KAILROAJD
1883.]
August,
Subscribers will
headings, &o., see notes
of tobies-
endorsed by Teun
lstmort. (for
n!
1,011
Nashville <£
C.&St. L., 1st mort. on two branches
do
1st mort. on Teun.At Pao
do
for Jasper Branch
Decatur—Stock, guar’d 6 p. c. by L. & N.
Natchez Jackson
f
-
it Columbus.—1st mortgage
Naugatuck—Stock
—- - - • • -
Valley Stock.
-.
Nevada Central—1st mort., gold (sink, f., $20,000)
Nevada County— 1st mortgage
NesQuehoning
Newark & Hudson—1st mortgage
Newark Somerset dc Straitsv., O.—1st mortgage
Newbury Dutchess <£ Connecticut—Income bends...
Newbury it New York— 1st mortgage
New Castle &
New Haven it
New Haven it
llcuver Valley—Stock
Derby—1st * 2d mortgages
Northamp. (canal RR.)—Stock
Mortgage bonds, coupon
Holyoke* \V.. leased. 1st !M.($200,000 guar.)
Consol, sink, fund $15,000 per yr.,&mort. bonds.
Northern Extension
New Jersey dt New York— 1st mort. (reorganization)
N. J. Southern—1st mort. (int. guar, by N. Y.& L.B.)
bong Branch * Sea Shore, 1st mort., guar
New London Northern—Stock.
1st mortgage bonds
2d mortgage
Consol, mortgage (for $1,500,000)
New Orleans it
2d mortgage,
1871
1857
3 10
$6,800,000), coup
1st mort. guar. s.
2d mortgage—
Miles Date Size, or
of
of
Par
Road. Bonds. Value.
463
310
Nashville Chattanooya <& St. Louis—Stock
"Bonds to U. S. Government, 2d mort
Bonds
Mobile—1st mort., gold
debenture (non-cumulative), reg
Gross
1873
321
88
30
1881
1877
■
57
18
94
23
5
44
....
27
30
78
....
1877
1,000
1870
1867
1,000
....
....
1879
1876
1871
1869
•
•
•
500
100
50
1.000
1,000
*
'
*
100
528
528
187-90
00,000
1,042,557
1,817,000
178,000
176,200
2,000,000
1,000,000
187-90
W here
Payable
&
&
&
&
&
*
*
&
*
*
&
Bonds—Princi¬
pal, When Due.
Payable, and by Stocks—Last
Whom.
Dividend.
O. New York & Nashville.
D.
Washington.
J. N. Y., Metrop. Nat. Bk.
J.
do
do
.1
do
do
J.
do
do
J.
do
do
J.
do
do
D.
J. N. Y., Drexel, M. & Co.
O. Nashville, Co.’s Otlice.
J. & J.
M. & S.
A. & O.
1,300.000
April 20, 1882
Juue, 1891
1881 to 1886
July 1, 1913
July 1, 1901
Jan. 1,
Jan. 1,
Feb. 1,
June,
1,000
250,000
605,000
525,000
2,460,000
1,300,000
2 >0,000
1,200,000
700,000
275,000
1,419,600
200,000
186*5
100
100*e.
500 *c.
1,000
1,000
1880
1,000
1.000
188 >
1.000
1917
1917
1907
1882
July 1, 1900
Oct., 1887
Bridgeport, Conn.
July 15, i882
Philadelphia, Co.’s office Sept. 1, 1882
N.
Y., Hatch * Foote.
Oct.
Jan.
1, 1904
1, 1896
Sept., 1901
N. Y.L.E.AW. RR.
N. Y., Union Trust Co.
Nov. 1.
1889
1,164,500
1869
1,000
M. <fe S.
M. & N.
250,000
800,000
500 *e.
600
1,000
Q.-J.
Various
J.
&“j.
A. *
A.
A.
M
J.-
J.
&
*
*
&
*
O.
O.
O.
N.
J
1).
1,500,000
Q.-J.
300,000
387,500
812,000
5,000,000
A.
O.
J. & D.
J. & J.
J. & J.
Anvil.
3 000.01>0
!
N.Y..Office N.Y.L.E & W
Newcastle, Penn.
July, 1882
N. Haven, Mecli. Bank.
1898 to 1900
New Haven.
Oct., 1873
do
Jan., 1899
do
Apr.1’91 &’98
do
April, 1, 1909
do
April, 1911
1910
Jersey City, Co.’s Office.
N. Y.,Cent.of N.J.Office July 15, 1899
New York.
Dec. 1, 1899
New London, Office.
July 1. 1882
N. Y., B’k of N. America
Sept., 1885
do
do
July, 1892
do
do
July, 1910
N. Y., Drexel M. & Co. Jan. 1, 1930
N. Y.,Farmers’ L. * T Co.
May, 1930
'
Ansonia, Conn., 13 miles. Road opened Aug. 9, 1871. Capital stook
$447,100. New Haven City guarantees the $225,000 second mort¬
gage bonds. Gross earnings in 1878-9, $106,478; net, $52,535; grosa
earnings in 1879-80, $122,836; net, $48,776; in 1880-81, gross, $147,564; net, $48,268.
New Haven <t- Northampton.—Sept. 30,1881, operated, from New Haven,
Conn., to North Adams, Maep., 123 u ilos; branches—-Northampton toWilliamsburg. 8 miles; . ;«<n in* ion Conn., to New Hart ford,Conn., 14
to
p. et.
2
3
2,256,186
508
300,000
1869
1870
1879
1881
1880
1879
Earnings.
$767,995
715,135
914,407
878,009
Earnings.
$1,871,809
When
A.
J.
J.
.T.
J.
J.
J.
J.
J.
J.
A.
500,000
402,000
5,SO 1,000
1,000,000
308,000
*o.
Div’d
454
454
*
50
Net
Miles.
$6,670,331
500 &c.
....
1872
1880
Rate per
Cent.
Outstanding
.
200,000
68&70 500
100
100
100
121
147
141
1,000
1,000
1,000
•
12
15
13
127
92
17
1,000
discovered in these Tables.
any error
INTEREST OR DIVIDENDS.
Ann
1877
7Lj
122
122
122
99
i
1,736.723
2,099,155
-
Years.
BONDS.
Amount
$25
10,000
Earnings for five years ending June 30 were as follows:
1877-8
1878-9
1879-80
1880-81
1881-82
AND
confer a great favor by giving immediate notice of
description.
ATDlanation of column
Porexpianat
^ flrst page
STOCKS
3*2
2,074,582
833,592
4*2
-(V. 32, p. 39,231 232, 313. 335, 437,553, 685, 686; V. 33, p. 101,
176, 201, 304, 329, 356, 442, 717; V. 34, p. 87, 196, 341, 460, 574 .703;
Y. 35, p. 96, 212.)
,
,
Nashville <6 Decatur.—June 30,1882, owned from Nashville, Tenn., to
Deoatur, Ala., 122 miles.
The road was leased Majr4, 1871, to the L
from July 1, 1872, at a rental of 6 per cent per
annum on the stock, to begin after the completion of the So. & North Ala.
RR., and the first dividend under this arrangement, was paid April 1,
& N. RR. for 30 years
1875. The lessee assumed all the debt of the Nashville <fe Decatur Co.
Gross earnings in 1880-81, $1,023,498 ; net, $343,258.
Natchez Jackson dt Columbus.—Jan., 1882, had built from Natchez*
Mies., beyond Martin, Miss., 60 miles.
In progress to Jackson and
bonds sold in New York by Britton & Burr. Stock. $614,809. See re¬
port, V. 34, p. 314, in which new financial plan is proposed. Earnings
for 1881, $57,469; net, $23,722, (V. 34. p. 549, V. 35, p. 71.)
Naugatuck— Sept. 30, 1881* owned from Naugatuck Junction to
Winsted, Conn., 56*2 miles; leased, Watertown & Waterbury RR., 4*2
miles; total operated, 66 miles, 5 miles of N. Y. N. II. & Ilartf.being used
between Naugatuck Junction and Bridgeport. Has no bonded or floating
debt. Operations and earnings for five years past were as follows:
Gross
Div.
Net
Passenger Freight (ton)
Years.
Miles.
Mileage.
Mileage.
Earnings.
Earn’gs. pc.
1876-7..
10
5,899,088
4,308,194 $520,820 $207,759
1877-866
10
6,214,917
477,83 1
5,742,605
206,301
1878 9.
66
10
499.188
222.275
6,322,281
7,366,813
1879-80
66
10
2 42,063
592,151
7,297,580
8,489,903
1880-31
G6
10
8,019,256
8,553,168
614,410
201,390
-(V. 33, p. 6x1.)
....
.....
....
....
Nesquehoning Valley.—Dec. 31,1881, owned from Nesquelioning Junc¬
tion, Pa., to Tamenend, Pa., 17 miles; Tunnel Branch, Ilauto, Pa., to
Lausford, Pa., 1 mile; total operated, 18 miles. Opened in 1870, and
was leased for 999 years to the
Lehigh Coal & Nav. Co. at a lease rental
of $130,000 per annum, but. with an option for the lessees to terminate it
after 1878. in 1879 the lease was modified so as to pay 7 per cent a
year only, and the option to terminate was suspended till Sept. 1, 1884.
Nevada Central.—Dee. 31, 1881, owned from Battle. Mountain to Lcdlie, Nev., 86 miles; branch, Ledlie, New, to Austin, Nov., 7 miles; total.
93 miles. Stock, $1,000,000. Gross earnings, 1881, $147,558; operat¬
ing expenses, $127,605; net, $19,952.
Nevada County—Dec. 31,1381, owned from Colfax to Nevada City,
Lol.,23 miles, narrow gauge. In 1830 gross earnings were $115,655 ;
net, $41,163; in 18.31, gross earnings, $116,465 ; net, $44,239. Stock,
$242,200. J. C. Coleman, Pres., Grass Valley, Col.
Newark it Hudson—Dec. 31,1831, owned from Bergen Junction to
Newark, N.J., 6 miles. Leased to New York Lake Erie & Western at a
rental of $33,000 per
annum, which pays interest on bonds and 7 per
cent on the stock of $250,000.
Cortlaudt Parker, Pres’t, Newark, N.J.
Newark Som. ct Sfrailsv.—Sept. 30, 1881, owned from Newark, O., to
Shawnee, O., 11 miles. Road was completed in 1871. Leased to Sandusky
Mansf. * Newark for 14
years from Jan. 1, 1872. Operated by the Balt.
i i-T10’
iwys 30 per cent on gross earnings, and advances any
additional amount necessary to meet the interest on the debt. Capital
stock, common. $795,400, and preferred, $218,200. Gross earnings in
1880-81, $177,304; net, $41,543; deficit to lessee, $14,451.
Aew6. Dutchess J- Conn.—Sept" 30, 1881. owned from Dutchess June..
-N.
i.,_to Milh rlou, X. Y., 59 miles. The Dutchess * Col. RR. was sold
Aug. o, 1876, and this company was organized Jan. 8, 1877, by the purcnasmg bondholders. In addition to above, incomes, there are $150,000
ni01’^ 7*. due in 1907. In 1879-80, gross earnings were $166,231 ;
net, $29,010; in 1 sso-81, gross, $160,619; deficit, $L 1.865. The com¬
mon stock is
$172,0 »0 and preferred stock $715,3.50. John S. Sclmltze,
President, Moore’s Mills, N. Y.
is
miles; South Deerfield to Turner’s Falls, 10 miles: to Tariffville. Conn.,
1 mile; leased—Holyoke & Westfield RR., 14 miles; total, 170 miles.
Eu April, 1881, a control of the road was sold to N. Y. N. H. & Hartford
parties. See V. 32, p. 421. Operations and earnings for three years
past were as follows:
Gross
Net
Passenger
Freight (ton)
Years.
Miles
Mileage.
Mileage.
Earnings. Earnings.
109
14,912,798
4,727,857
$588,280 $222,207
144
16,365,182
694,506
276,287
5,644,750
18^0-81
144
5,612,006
18,705,865
751,614
298,137
—(V. 32, p. 99, 421 V. 34, p. 202.)
.......
New Jersey ct New York.—Dec. 31,1881, owned from Hackensack, N. J.
to Stony Point, N. Y., 25 miles; leased. Nanuet & New City RR. 6 miles;
Hackensack Rik, 6 miles; total operated, 37 miles.
Organized Sept. 4,
1874, by consolidation of the Hackensack * New York RR. and the
Hackensack * N. Y. Extension Railroad; Receiver appointed in 1877.
The Hackensack & New York RR. was sold in foreclosure August 14,
1878, and was leased in perpetuity to this company, and now forms
Reorganized in 1880, with above debt.
Stock,
part of main line.
$2,000,000 common, $800,000 preferred.
Gross earnings in 1830-81,
$193,410; net, $21,790. (V. 32, p. 611.)
New Jersey Southern.—The road extends from Sandy Hook to Atco,
distance of 70 miles, with branch from Earontown to Port Mon¬
mouth, a distance, of 9 miles, and includes the road from Sandy Hook to
East Long Branch, 11 miles, formerly known as the Long Branch &
Sea Shore Railroad. The property was sold in foreclosure March 31,
1879 (see Chronicle, V. 28, p. 352), and the present company wa«
a
organized July 25, 1879, with Judge Latlirop, receiver of the Central
of New Jersey, as president. The capital stock is $1,590,600. The
properly is subject to $120,000 on tin* Tom’s River Railroad and
$200,000 on the Long Branch* Sea Shore Railroad.
This latter
bond is endorsed by the United Companies of New Jersey.
Tho
above mortgage is for $1,590,600, of which $1,449,600. have interest
guaranteed by the New York * Long Branch Railroad by endorsement
of the bonds. The. road is now operated as a part of the Central New
Jersey system. (V. 32, p. 121.)
New London
Northern.—September 30, 1881. owned from New
London, Conn., to Brattleboro, Vt., 12L miles, of which 100 miles
This road has been operated
leased to J. G. Smith and others.
since December 1, 1S71, underlease to the Central Vermont. Rail¬
road; the lease was for 20 years at $155,000 per year. Consolidated
mort. bonds issued to
retire all other Funded and floating debt ami to
pay for branch recently purchased from Vermont* Mass.
tions and earnings for four years past were as follows:
Miles.
Years.
IS 77-3
1880
-
100
100
109
81.. 100
..
RR.
Opera¬
Net
Div.
Earnings, p. o.
$129,609
6
159,184
6
Passenger
Mileage.
4,765,084
3,927,511
Freight (ton)
12,037,957
Gross
Earnings.
$170,455
17u,102
0,144,189
18,975,290
591.316
179,030
0
6,415,412
19.318,213
611,043
197,717
6
Mileage.
T 1,010,469
•
New Orleans it Mobile.—Doe. 31. 138i, owned from Mobile to New
The old company defaulted in 187-1. and the property was
Orleans.
sold in foreclosure April 24, 1330, and this company organized. Stock
is $ 1,000.000.
The road was leased May 3, 18>0, to Louisville * Nash¬
ville, which operates it. The L. * N. sold its own $6,000,000 bonds
secured on this road, against which a mortgage of same amount is held
in trust for the L. * N.
The second mortgage debentures cun-be paid
oil’before maturity.
(See full statement in Chkoxiclk, V. 31, p. 328.)
Xcw York it Canada.—Dee. 31. 1881, owned, from Whitehall, N. Y., to
Rouse’s Point, X. Y., 113 miles; brandies: Tieondrroga, N. Y., to Lake
to Ausahle, N. Y.. 20 miles;
George. X. Y., 1 miles; Plattsimrg, N.
West (’hazy to Province lima 13 miles; total operat'd, 150 miles. This
comnany was organized March 1, ! 873. ns successor of the Whitehall &
Plattslmrg and the Montreal* Plattsimrg railroads,
’idle whole lino
..
fA‘n?r * rails feiTed to Pennsylvania CdfrtRdfty.* There is no <lcbt.
The road is viriually owned by the Dela¬
which guarantees the bonds. The stock
is $J,0(>0,000.
Earnings in 1 $80-81 were $'654,519; net, $217,114;
deficit to lessee, $15,517. (V. 32, p. 98.)
*
New York Central J. Hudson.— Sept. 30,1881, owned from X. Y. City to
Buffalo, N.Y’., 112 miles; branches on X. V. Cent, division, 298 miles;
total owned, 748 miles.; lines leased—Troy * Greeeubush. 6; Niagara
Bridge* Canandaigua,'98; Spiiyten Duyvil * Port Morris, 6; N. Y. *
Harlem, 127; Lake Malmpae. 7; total, 245 miles : grand total, 993 miles.
The second track owned is 503 .miles; .third-track, 270. miles; fourth
track, 236 miles; turnouts, ,511 miles—making a total of 2,520 miles, of
New Haven it:
Derby.—Sept. 30, 1881, owned, from New Haven, Conn.,
track owned by the company.- This company was formed by a ccesolidation of the New York Central and'the Hudson River railroads.(-ittober
1,1869. The New Y'ork Central was a consolidation of several roads,
Newbury d: x.Y—Oct.
«reenwo()(Kljmction, N.
nu., at
$17,5oo per
Castle
PittLiVV 1
‘
!»• c.
1, 1881, owned from Vail’s Gate Junction to
Y., 13 miles. Leased October 5, 1866, to Erie
annum, and operated now by N. Y. Lake E. & West.
it Iicavcr
Tal.—Dec. 31, 1881, owned from Homewood, Pa.,
Ph., 15 miles. Road in operation'since 1860. Leased to
W* & Clue. RR. for 99 years at a
rental of 10 per cent on gross
Pei‘ cunt dividends were paid; in 1880, 13 p. c.; in 1881, 21
Gross earnings in 1881, $331,527; rental Yeeclml, $132,611.
was
completed.Sept. IS. 1376.
ware
* Hudson (’anal Company,
Subtorlben will confer a great
first page
of tables.
notes
Miles
of
Date
Size, or
Par
of
Road. Bonds Value.
113
N. T. d Canada—1st M., sterling, guar. D.& H. Can.
1,000
New York Central d Hudson Rivei—Stock
(N. Y. Central)..
Premium bouds
840
840
couP°n or reK- {
L.-^-Stock ($22,000,000 is pref.)
J ^J^oooiooo \
mortgage
N. Y. Chisago & St.
52’i
mortgage, gold (for $15,000,000) coup, or reg.
Equipment bonds
N. Y. City d Northorn—General rnort
—
2d mortgage, for $2,000,000
New York d Greenwood Lake.—1st mort., income .
2d mort., inoome
New York d Harlem—Common stock
Preferred stock
62
40
1st mortgage (extended in 1867 to 1897)
2d mortgage, convertible (extended in
3d mort., (to be extended 40 years at 4% p. ct)..
4th mort., conv. (extended in 1880 at 5 per cent)
1879)
200
do
.
459
.
do fund. coup.
592,000
162,000
1,000
2,391,000
1,000
22,465,000
9,733,333
50,000,000
15,000,000
1873
1873
1881
1882
1880
1881
1875
1,000
....
(1)
(1)
12,000,000
76,943,100
7,632,200
2,482,000
2,150,000
4,852,000
2,926,000
709,500
1,000
1881
100
100
1,000
1,000
1,000
1,000
500 &c.
100 &c.
500 &c.
1,000
500 &c.
500 &c.
Prices of stock have been
1882.
1881
Net Income, Divi-
Year
Freight (von)
Gross
ending Passenger
over exp., dends,
Sep. 30. Mileage.
Mileage.
Receipts. int.&rents, p. c. Surplus
1876.353,136,145 1,074,447,055 $28,046,588 $7,213,075 8
$73,547
1877.316,847,325 1,619,948,685 26,579,085 6,943,347 8def.l97,312
1878.300,302,140 2,042,755,132 28,910,555 8,038,445 8
|
898,917
454,957
1879.290,953,253 2,295,825,387 28,396,583 7,594,485 8
1880.330,802,223 2,525,139,145 33,175,913 10,569,219 8 3,427,706
754,484
1881.373,768.930 2,616,814,098 32,348,395 7.S92.827 8
—(V. 32, p. 15, 437 ; V. 33, p. 425, 528, 709, 723, 731, 742 ; V. 34, p.
1,3,116,167.)
New York
Chicago d St. Louis—This is the company
formed in 1881,
building the new line of road from Buffalo to Chicago, 521 miles. Of
the above stock $22,000,000 is preferred 7 per cent. The “ subscrip¬
tions” to the bonds of the company were on the
for which were given $10,000 in 1st mortgage
basis of $13,333 cash,
bouds, 200 shares of
preferred and 200 shares of common stock, making $50,000 of the par
value of the securities. The equipment bonds draw interest at 7 per
cent from Jan. 1, 1883, but prior to that 6 per cent is paid on the pur¬
chase money; the principal is payable $400,000 yearly, 1885 to 1895.
C. R. Cummings, Chicago, President. (V. 32, p. 421, 553; V. 33, p. 176,
255, 469, 716; V. 34, p. 32, 177, 205, 461, 479, 549, 604; V. 35, p. 23.)
New York City d Northern— Dec. 31, 1881, owned from 157th Street
in 8tli Avenue,N. Y. City (connecting with Metropolitan Elevated), to
Danbury, Conn., 62 miles.
This company was organized March 1,
1878, and acquired the N. Y. Westchester & Putuam (formerly the
N. Y. & Boston Railroad), sold in foreclosure March, 1876. The com¬
pany in May, 1880,.leased the West Side & Yonkers road for 999 years^
and the consolidated mortgage was issued to take up all the other bonds,
of which $274,000 under a prior mortgage were outstanding Nov. 1,
1881. Stock is $2,990,000. Default was made in interest due May 1,
1882, and foreclosure is pending. Earnings for ten months of 1880-81,
$109,212; expenses, $110,994. (V. 32, p, 101, 265, 288, 500; V. 34, p.
378, 489,521, 605, 637 ; V. 35, p. 132.)
New York d Greenwood Lake.—Dec. 31,1881, owned from Jersey City,
N. J., to Greenwood Lake, 48 miles; branches—Ringwood Jungtion to
Ringwood, 2 miles; North Newark to Orange, N. J., 8 miles; total, 58
miles.
This was the Montclair Railroad, opened in 1874. It was sold
and reorganized as Montclair & Greenwood Lake, and again sold
October 12, 1878, and the present company organized. The New, York
N.
N.
N.
N.
D.
D.
J
J.
J. & D. N.
J. & J.
M. & N. N.
F.
M.
J.
J.
M.
do
do
do
do
do
do
do
do
London.
May 1.1901
July 15,1882
May l, 1883
May 1,1883
May 1,1883
May 1,1883
Dec. 15,1887
June, 1885
Jan. 1, 1903
Jan. 1, 1903
Y.,Metrop’tan N. Bk.
do
do
Y., Company’s Office.
A. New York, Co.’s Office.
do
do
S.
J. N.Y., Gr. Central Depot.
do
do
J.
do
do
N.
&
&
&
&
&
Dec. 1,' 1921
1888 to’95
May 1. 1910
.1911
April 1, 1882
April 1, 1882
May, 1900
....
....
6 g.
J.
& J.
New York
Jan.
Agency.
6
7
5
7
5
7
7
7
7
7
6
6
5-6
Jan.
g.
g.
g.
g.
g.
g.
g.
& N. New York, Co.’s Office
do
do
& 8.
do
do
& S.
do
do
& O.
do
do
J. & D.
do
do
J. & J.
do
do
J. & D.
M. & S. New York and London.
do
do
M. & S.
do
do
M. & N.
do
do
J. & D.
do
do
J. & D.
M.
M.
M.
A.
15,1882
May 1, 1897
Sept. 1, 1919
Mar. 1, 1883
Oct. 1, 1920
June 1. 1888
July 1, 1891
Jan., 1893
Sept. 1, 1920
Sept. 1, 1920
Dec. 1, 1908
Deo. 1, 1969
Deo.
York/
controlled—Newark & Hudson, 6 miles; Weehawken New York & Fort
Lee, 5 miles; Northern
In 1881 an
of N. J., 25 miles; total operated, 1,020miles.
arrangement was made for completion of line from Marion.
O., to Chicago,
forming a through route. Seo V. 32, p. 613.
Railway went into the hands of a Receiver
Erie Railway was organized as its succes¬
Railway defaulted on its bonds in 1875, and was sold
under the second consolidated mortgage in 1878. Tlie
The New York & Erie ”
in 1859, and in 1861 the
sor.
The Erie
in foreclosure
present company was organized and took possession June 1, 1878.
Under the plan of reorganization the above statement represents
all the stocks and bonds issued to September 30, 1881.
By the
terms of the plan one-half of the stock, both common and preferred, is
who shall vote
bonds
35;> 22, 71, 95.)
'NetoiorA; Lake Fried Western.—Sept. 30., 1881, pwjied from PatersonN. J.,
Dunkirk, N. Yj, 430 miles: branches—Piermont, 18 miles; New;
burg, 18 miles; Buffalo, 60 miles; Erie International RR., 5 miles,
them until
secured by
issued to “ Voting Trustees” in London,
on
the dividend on the preferred stock (6 per cent) has been paid for three
consecutive
years.
The funded coupon
are
lien of consolidated mortgage. The second funded coupon bonds are
5
percents till June, 1883,
and after that 6. On the second mortgage and
second funded coupon no foreclosure can take place till six successive
coupons are in default, but all of one coupon must be paid before any
part of a subsequent coupon is paid. The most prominent feature
the reorganization was the provision for outlay or new capital on the
of
property, and the cash from assessments on stock has amounted to$2,907,814, and in 1882 the reorganization first lien bonds dated 1878
were issued to procure money for laying double track
west of Hornella
bonds rank next
Preferred
(non-cumulative) from the net
declared by the board of directors.” Prices of stock have
ville to complete the double track throughout. These
to the first consolidated mortgage and its funded coupons.
stock has a prior right to 6 per cent
profits, “ as
been as follows:
/
January....
February....
4038-
March
April
May
June
Common.
1881.
1882.
52V 4738
43i8- 38%
,
Jnly
August
September
*
50V 43%
35
49 V 45%
48 V 44%
38 V 34
37V 34%
36%- 3438
37 V 33%
41V 35%
51V 47
50%- 44%
47 %- 41%
44 V 41%
46V 42
45%- 41%
48 V 44%
46 %- 3934
.-
,
Preferred.
1882.
85 - 79
80V 73
77%- 67
78 - 71%
74 - 72
75 - 69%
81%-. 73
October
November
December
The last annual report was published in the Chronicle,
The operations and earnings for four years past were as
Operations—
Passenger mileage..
.
1881.
95 - 88
92%- 82%
90 %- 84
89 - 84
92%- 88
91%- 86
88 %- 80%
88 %- 81%
91 - 82
88%- 84%
96%- 88%
94%- 89
V. 34, p. 143,
follows:
1879-80.
1880-81.
180,460,204 200.483,790
2-041 cts.
2*016 cts.
1721112095 1984394855
0-805 cts
0-836 cts.
$
$
4,041,267
3,682,951 15,992,275
14,391,115
682,063
619,042
.
New YorkLaek. d West.—This is the road from Binghamton to Buffalo
about 200 miles, built under the auspices of Del. Lack. &West. and the
Wab. St. Louis & Pac., The mortgage for $12,000,000 is made to the
Farmers’ L. & T. Co., trustees. (V. 32, p. 578, 63 7; V. 33, p. 47,385,560
1. 1969
Rutherford to Ridgewood, 11 miles; leased—Montclair & Erie Railroad
10 miles; Goshen & Deckertown, 12 miles; Newburg & New
13 miles; Pat. Newb. & New York, 11 miles; Hawley *& Honesdale,
24 miles.; Jefferson RR., 37 miles; Buffalo Brad. & Pittsburg. 26
miles; Buff. N. Y. & Erie, 140 miles; Suspension Bridge & Erie Junction,
23 miles; Rochester & Genessee Valley, 18 miles; Avon Gen. & Mount
Morris, 17 miles; Paterson & Hudson, 15 miles; Paterson & Ram., 15
miles; Loekport & Buffalo, 13 miles ; Buffalo & Southwestern, 68 miles;
1877-78.
1878-79.
.140,326,749 149,115,713
Rate p. pass. p. mile.
2*189 cts.
2-091 cts.
Freight (tons) mil’ge.1224764438 1569222417
Av. ratep. tonp.mile
0 973 cts.
0*780 cts.
Earnings—
$
$
Passenger
3,070,121
3.118,944
Freight
11,914,480 12,233,481
Mail, expr’s, rents,&c.
660,377
589,598
Lake Erie & Western purchased a controlling interest in the property
and now operate it. The holders of the second mortgage bonds have
Total gross earn’gs 15,644,978 15,942,023 18,693,108
a right to pay off the first mortgage bonds of $900,000 at 105, and thus
Operating expenses 10,635,863 11,174,697 11,643,925
gain control of the property.
(See Vol. 27, p. 172, 228.) It has been
reported that the New York Lake Erie & Western purposed extending Net earnings
5,009,115
4,767,324 7,049,183
62-29
the road and makiugTit an important part of their line. In 1881 the P. c.
op. exp. to earn’s
67*98
70-09
gross receipts were $154,356; expenses, $198,360. (V. 32, p. 611 )
PROFIT AND LOSS.
N. Y. d Harlem.—Sept. 30, 1881, owned from N. Y. City to Chatham,
1879-80.
Credits—.
• 1878-79.
N. Y., 127 miles. From Chatham to Albany, 24 miles, the Bost. & Alb. Net earnings
$7,049,183
$4,767,323
RR. is used. This company owns 5% miles of street railroad on the Other
783,957
413,313
receipts
Fourth Avenue. The property (except the horse railroad) was leased
April 1,1873, for 401 years, to the N. Y. Central & Hudson River RR.,
$7,833,140
Total credits
$5,180,636
at a yearly rental from the lessee of 8 per cent dividends on the stock and
Debits—
the interest on the bonds. The Fourth avenue horse railroad, together Pavonia ferries—expenses
$216,318
$314,757
with valuable real estate, was retained by this company, and extra Interest on funded debt
3,963,872
2,047,712
dividends are paid out of the receipts therefrom annually in April. All
210,000
Long L>ock Co. bonds.—inter’t
210,000
64,453
operations of the main road are included with those of the N. Y. Central Weehawken Docks—interest
64,453
& Hudson.
1, 1921
....
182,600
3,000,000
16.656,000
3,702,157
2,500,000
24,400,000
8,597,400
1,000
1,000
July
1364-1304 1464-1414
August
1454-1414
1514-140
1484x424 8ept’ber
1454-1414
March... J34*3-129
October
1424-1354
147 -1404
April.... 1334-125
Nov’ber
1404-1364
May
128 VI23^ 1524*145
1394x1304
June
133V1254 1514x145 Dec’ber
REVENUE ACCOUNTS—1876 TO 1881—SIX YEARS.
Jan
135%-128%
Feb...... 134 -1284
8,500,000
1,500,000
11,100,000
Albany & Schenectady Rail¬
Mohawk & Hudson. It was the
first railroad built in the State of New York. The famous scrip divi¬
dend of 80 per cent on the capital stock was made in December. 1838,
and on the consolidation with the Hudson River road (Nov. 1, 1869) a
further dividend of 27 per cent was distributed on the N. Y. Centra!
stock and 85 per cent on the Hudson River stock. The mortgage- for
$40,000,000 was issued to lav the third and fourth tracks, with a
sufficient balance retained by the company to retire all prior bonds. In
November, 1879, 250,000 shares ($25,000,000) were sold to a syndicate
of bankers by Mr. W. H. Vanderbilt at the price of 120, and 100,000
1881.
155 -1474
900,000
1,800,000
1,000
under a special law of April 2,1853. The
road opened September 12, 1831, as the
shares more afterwards.
1882.
6 g.
7
6
6
7
7
4
4
7
3,685,000
100 &c.
100 &c.
50
50
Gr. Central Depot.
do
do
do
do
do
do
....
4.000,000
1,000
500 &c.
1872
1847
1879
1853
1857
1858
1861
1863
1870
1878
1878
1878
1878
6
7
7
6 g.
&
&
&
&
&
&
J. &
J. &
M.
M.
M.
M.
J.
J.
London. Baring Bros.
N. Y.,
Q.-J.
6
1,422,900
1,000
.
Reorganization 1st lien bonds, gold.
N. Y. L. E. & W.. new mort., gold, 2d consol
do
1,000
1,000
74,500
100
132
5th mortgage, convertible
Buffalo Branch Bonds
Long Dock Co. mortgage
1st consolidated mortgage, gold
do
do
funded coupon bonds
500 &c.
500 &c.
M. & N.
6 g.
5*
6
6
6
6,632,300
1853
1854
1853
132
Consol, mort., ooup. or reg., (for $12,000,000)...
N. Y. Lackawanna d Western.—Stock ($10,000,000)
1st mortgage, coupon, may be registered
N. Y. Lake Erie d West.—Stock, common
Preferred stock
per When Where Payable, and by Stocks—L aefc
Whom.
tS£ Dividend.
Cent.
Payable
89,428,300
$100
pal,When Due
Tfate
$4,000,000
jaioo&c
100
1st
do
1874
Amount
Outstanding
1854
Bonds, B. &. N. F. stockholders
do
Bonds railroad stock (N. Y. Central)
Bonus real estate (New York Central)
Renewal bonds
2d mortgage, sinking fund (Hudson River)
New
Bonds—Princi-
INTEREST OR DIVIDENDS.
explanation of oolumn headings, &c., see
on
Vol. XXXV.
notice of any error discovered in these Tables.
favor by giving immediate
DESCRIPTION.
For
STOCKS AND BONDS
KAILROAD
zl i
131,928
20,715,605
13,256,230
7,459.375
64*00
1880-81.
$7,459,375
844,306
$8,303,681
$249,643
4,148,745
210,000
64,453
86,914
Sns. Br. & E. June. RR.—rent
Paterson & Newark RR., rent
133,000
658,445
40,914
15,589
Other expenses...
403,784
662,952
25,704
*11,327
755,955
Totajydcbits...
$3,888,664
$6,042,519
$6,416,263
income.....~$%291,971
$1,790,620
$1,887,417
Guaranteed interest
Rentals of leased lines
Surplus
689,802
17,901
4,297
944,496
AUGUST,
RAILROAD
1882. J
DESCRIPTION.
r
For
AYr)lanatidu of column
on
Miles
headings, Ac., see notes
flrgt page
taijie8.
'ZZrrork Lake Erie A Western—(Continued)—
WY L E. & W. income bonds (non-cum.)—
K„n York A
Mnrtzwe
A
Long
Branch—Stock
N^Enaland—Stock ($20,000,000 auth’rized)
($0,000,000 are 7s)
$5,000,000)
York Ontario A Western—Preferred stock
JTew'york1&New^Haven A 1st mortgage guaranteed.
Hartford—Stock
Portchester.
118877--9900.
Harlem
Ddo
2d rnort., coup, or reg
York Penn. A Ohio— Prior lien bonds, gold,$A£
lstmort., gold, incomes till July, 1895, $ A JB...
2d mortgage, incomes. $A &
3d mortgage, incomes, $ & &
.......
Leased fines rental gold bonds (Cl. A M.)
do
(P. P., P. V. and S. & A.)
lj6do
y Pittsburg A Chic.—1st M., gold ($18,000 p. m.)
do
v
g y. Prov.
A
Boston—(Stonington)—Stock
First mortgage
1
mortgage
($2,500,000)..
First mortgage. Midland of New Jersey
Mortgage bonds on Paterson Extension
N Y.
v
Susqueh.A Western—New mort.
Y Texas
A Mexican— 1st
mort., gold land grant..
A Buff.— 1st M., gold (for $50,000,000)
BY. Woodhaven A Rockaway — 1st mortgage
Niagara Briitge A Canandaigua-Stock
Norfolk A Western.—Common stock
Preferred (6 per cent) stock
i
General mort., gold.
B Y W. Shore
Norfolk & Petersburg—2d mort
South Side—1st pref. consol, mort
do
' guar. Petersb’rg
2d
do
do
_/y 32, p.
3d
do
101, 183, 396, 553, 613,
329, 433, 588,
688; V. 35, p.
Date
xlin
BONDS.
or
Par
Value.
of
of
Road. Bonds.
1878
INTEREST OR DIVIDENDS.
Size,
263
263
....
344
344
141
12
12
427
460
460
460
....
....
....
....
62
50
12
....
72
....
16
98
428
81
133
133
133
1,000
....
•
....
....
1869
1881
1881
1880
•
500
500
500
500
Outstanding
187-90.
Ac.
Ac.
Ac.
&c.
1,000
1.000
500 Ac.
100
1,000
1,000
1,000
....
500
1,000
1,000
....
1.000
1,000
1,000
685; V. 33, p.58,74, 101, 202,
673,
New York A Long Branch.—The following-named companies were
consolidated under the corporate title of the New York & Long Branch
Railroad Co., by vote of the stockholders, 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 A Sea Girt RR., from Ocean Beach to Sea Girt,
3* New York A Long Branch Extension RR., from Sea Girt to Point
pleasant, 3 ; Long Branch A Barnegat Bay RR., from Point Pleasant to
Bay Head, 1: total length, 38 miles. Capital stock, $2,000,000. It is
leased to Central RR. of New Jersey, forming part of the Long Branch
Division of that road. (V. 33, p. 642, 745.)
New York A New England.—Sept. 30. 1881, mileage owned was as fol¬
58,113.982
15,500,000
2,000,000
1,000,000
8,000,000
35,930,000
13,680,000
29,000,000
5,355,000
3,568,000
(?)
3,000,000
187-90.
300,000
500,000
3,500,000
250,000
3,000,000
(?)
200 Ac.
200 Ac.
601, 622 ; V. 34, p. 1, 143, 147, 231, 409, 435,475,
51,103, 160.)
$508,008
2,000,000
(?)
12,753,000
10,000,000
(?)
2,000,000
1,000,000
500 Ac.
f
1881
1868
1866
1866
1866
•
1,000
1882
1881
1882
•
•
1,000
....
•
•
*100
....
....
....
1,000
1876
1882
1873
1881
1880
1880
1880
1880
1872
1873
1881
Amount
$300Ac.
23
1882
bonds ($1,500,000)
1st mortgage, new
2d mortgage (for
Hew
AND
confer a great favor by giving Immediate notice of any error discovered In these Tables,
Subscribers will
~
STOCKS
1,000,000
1,000,000
3,000,000
15,000,000
6,500,000
496,000
703,000
581,300
452,800
Rate per
Cent.
When
Where Payable, and by
Payable
6 A 7
6
5
6 A 7
g.
g.
g.
g.
4, 5,6
2 Ac.
6 g.
2
7
4
6
6 A 5
6
6 g5 g7
3
1
6 g8
8
6
6
A D.
New York A London.
Stocks—Last
Dividend.
June 1, 1977
....
....
4
6
7
5
5
pal,When Due,
Whom.
J.
6
Bonds—Princi¬
J. A J.
F. A A.
N. Y.; Kidder,
do
P. A Co.
do
Jan., 1905
Aug. 1, 1902
J.
A.
J.
M.
J.
M.
M.
J.
J.
J.
A J. N.Y., Grand Cen. Depot. July 1, 1882
do
A O.
do
1903
do
do
A D.
June 1,1911
A S. London and New York. March 1,1895
do
do
A J.
July 1, 1905
do
do
AN.
May 1, 1910
do
do
AN.
Nov., 1915
A J.
London, Co.’s Office.
Jan., 1902
do
do
A J.
Jan., 1903
A J.
New York Agency.
July 1, 1921
Q.—F. N. Y., M. Morgan’s Sons. Ang. 10, 1882
do
do
J. A J.
July 1, 1899
do
do
A. A O.
April 1, 1901
1911
J. A J. N. Y.. Nat. Park Bank,
do
do
A. A O.
April 1. 1910
do
do
1911
J. A D.
A. A 0.
New York A London.
Oct. 1, 1912
New York.
J. A J.
July. 1931
N. Y., Fisk A Hatch.
J. A J.
July 1, 1909
A. A O.
April 1, 1882
.
Sept. 15,1882
Philadelphia. May 1, 1931
J. Norfolk,Va.,Ex.Nat.Bk. July 1, 1893
N. Y., Nat. Park Bk. • Jan. 1, ’84-’90
J.
Q.-Mch
M.
J.
J.
J.
A N. N. Y. and
J.
A J.
A
A
A J.
Petersburg, Va.
do
do
Jan. 1. ’84-90
Jan.l,’96-1900
Net
Passenger Freight (ton)
Gross
Div.
Mileage.
Mileage.
Earnings.
Earnings, p. c.
152
103,113,443
63.187,479 $3,912,743 $1,670,862 10
152
125,300,345 78,372,806
4,252,814
1,653,565 10
153
152,730,696 116,611,607
4,946,607
1,953,044 10
-(V. 32, p. 421, 578; V. 33, p. 224, 561,718; V. 34, p. 58; V. 35, p. 21.)
Years.
Miles.
New York Pennsylvania A O.—Dec. 31,1881, owned from Salamanca,
N. Y., to Dayton, O., 388 miles; branches—Meadville, Pa., to Oil City,
33 miles; Junction (main line) to Silver Creek, O., 2 miles; total owned
423 miles. Leased lines—Cleve. A Mahon. RR., Cleveland, O., to Pa. Line
and branch, 81 miles; Niles & New Lisbon RR., Niles to New Lisbon, 36
miles; Ohio
miles; total
operated, 565 miles. Changed to standard gauge June, 1880. Formerly
Atlantic A Great Western Railway. Sold July 1, 1871. and leased to
lows: Boston to Hopewell Junction, 215 miles; Wicopee to Newburg, 3 Erie on May 1, 1874, but lease not carried out. Again in hands
miles; Providence to Willimantic, 58 miles; branches—Brookline, Mass., of a Receiver Dec. 9, 1874. Sold Jan. 6, 1880, and reorganized by a
(See V. 30, p. 143.) Five
to Woonsocket, R. I., 34 miles; E. Thompson, Conn., to Southbridge, London committee of stock and bond holders.
Mass., 17 miles; Islington and Elmwood to Dedham, Mass., 3 miles; trustees are to exercise the voting power of the new stock until the third
Charles R. to Ridge Hill, Mass., 2 miles; Dorrance Street, in Providence, mortgage bondholders receive 7 per cent interest in cash during three
1 mile; total owned, 333 miles. Leased—Franklin to Valley Falls, 14 years. Three of these trustees are to be chosen annually by a majority
miles; Vernon to Rockville, 4 miles; Springfield to E. Hartford, Ac., 34 in value of the first mortgage bondholders, one by the second mort¬
miles; Norwich A Worcester RR., 66 miles; total leased, 119 miles; also gage bondholders, and the fifth by the leased line bondholders. See
has running arrangements over 26 miles more. Total operated, 478 miles. V. 31, p. 607. The new bonds of the reorganized company, subse¬
The extension from Brewsters to Fishkill on the Hudson River was quent to the prior lien bonds, are issued upon the following basis:
(1.) The first mortgage bonds to bear 5 per cent interest till January
completed Nov., 1881.
This was the Boston Hartford & Erie Railroad, which became insolvent 1, 1881, and 7 per cent thereafter, whatever portion of this that
and was succeededby this company, formed in 1873. The Boston Hart¬ may not be earned to be payable in deferred warrants, to be capi¬
ford A Erie’s principal debt was the Berdell mortgage for $20,000,000, talized in bonds of the same class; payment of interest to become abso¬
which fixes the stock of this present company ($20,000,000). In 1878-9 lute not later than July 1,1895, and until June 1, 1695, the right to
the company acquired the Hartford Providence A Fishkill Railroad by foreclose the mortgage is suspended.
(2.) Second mortgage bonds to
the payment of its bonds. The new mortgage issued in 1879 was to pay receive 5 per cent per annum, after prior mortgages, if earned.
(3.)
for the extension of the road to the Hudson River.
On Sept. 30, 1881, Third mortgage bonds receive 5 per cent interest, if earned, after prior
there was $1,980,541 of floating debt. In June, 1882, $5,000,000 new bonds. On the second and third bonds there is no right to sue the com¬
bonds authorized, and stock owned by the State offered to the stock¬ pany or to foreclose. The stock is—pref. shares, $10,000,000; com.
holders at 50 per cent. Operations, &c., for three years past were:
shares, $35,000,000.
The leased lines’ bonds are not a lien of this
Passenger
Freight (ton)
Gross
Net
company; those of 1872 are to receive 4 per cent for the first three
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings. years; 5 per cent thereafter for six years, and 6 per cent thereafter
285
36,158.591
36,654,669 $1,971,536 $524,354 until maturity. The leased lines’ bonds of 1873 are to reoeive the net
316
41,762,072
43,678,700
2,324,940
771,985 profits up to 7 p. c. (but not less than 2 p. c. during the first two years)
64,562,865
478
45,702,022
2,692,374
850,876 arising from the working of the lines whose securities are held by trustees.
On Jan. 1,1882, the coupon on let mortgage bond was passed.
The
-(V. 32, p. 121, 335. 367, 420, 444; Y. 33, p. 125, 329, 588, 622, 640;
annual report in V. 34, p. 313, gave the gross earnings for 1881, $5,494,V. 34, p. 205, 461, 479, 655, 688, 714; Y. 35, p. 79, 161, 212.)
New York Ontario A Western.—September 30,1881, owned from Os¬ 112; net income, $1,650,348 ; disbursements, $1,643,435.
wego, N. Y., to Middletown, N. Y., 249 miles; branches to Courtland, -(V. 32, p. 333 ; V. 33, p. 226, 502, 588; V. 34, p. 87, 265, 292, 313,
N. Y.,48 miles; to New Berlin, 22 miles; to Delhi, 17 miles; to Ellen- 605; V. 35, p. 103.)
ville, 8 miles; total operated, 344 miles. This was the New York &
New York Pittsburg A Chicago.—This is the projected line from Red
Oswego Midland. Main line was opened July, 1871. Default was made Bank, Pa., to Huntington, Iud., and to Chicago, forming a western con¬
in 1873, and the property placed in the hands of Receivers Sept. 18. nection for the Central of New Jersey. The company is building from
1873. The Western Division was sold in foreclosure May 31,1876, and
Wampum, Pa., to Marion, O., 165 miles, and the whole route trom New
the main line was sold in foreclosure November 14, 1879. The present York
City to Marion, O., is expected to be in operation by Jan. 1,1883.
company was organized January 22,1880, and under the plan of reor¬ Henry
Day, N. Y., is trustee of the mortgage, and Gen. J. 8. Negley,
ganization the holders of receiver’s certificates took preferred stock, the Pittsburg, is President.
first mortgage bondholders took common stock for principal and inter¬
V. F. Prov. A Boston.—Sept. 30,1881, owned from Providence. R. I., to
est, and tne holders of other old bonds, notes, judgments and claims
were permitted to take new stock at par on payment of 20 per cent
Groton,Conn., 63 miles; Warwick RR., 10 miles; operates alsoPawtuxet
assessment in cash within 30 days from January 22,1880. And stock and Pontiac branch roads, 10 miles; total operated, 83 miles.
Owns a
was issued on payment of 30 per cent cash within six months from
majority interest in the Prov. & Ston. Steamship Line, which has a capi¬
Jan. 22,1880, to the holders of old stock and convertible non-mort. b’ds. tal of $1,400,000. For the fiscal year ending Sept. 1, J881, annual
ftom tnese assessments about $9,000,000 was received, and in Feb¬ report is given in V. 33, p. 715. Operations ana earnings for four years
ruary, 1881, a contract was made with the North River Construction Co. past were as follows:
(capital $10,000,000) for completing the road. In September, 1881,
*Net
Gross
Div.
Passenger • Freight (ton)
further agreements were made with tlie New York West Shore A Buffalo Years.
Miles.
Mileage.
Earnings.
Income,
p. c.
Mileage.
road. The stockholders of record Aug. 5,1882, had the privilege of
10,405,601 $710,038 $398,116 10
63
17,858,442
taking $10,000,000 of the first mortgage 5 per cent bonds of the N. Y.
11,467,971
689.008
318,656
8
63
19,377,410
West Shore A Buff. RR. on paving 50 per cent in cash. The annual
11,290,326
779,885
349,096
8
711a 22,167,232
Teport for 1880-81 was published in the Chronicle, V. 34, p. 174, to
73
355,245
13,098,143
957,717
8
22,862,036
which reference should be made. Preferred stock to receive 6 per cent
Including div. from Stonington Steamboat Co., and other receipts.
(non-cumulative) from net earnings; surplus goes to common.
-(V. 32, p. 368; V. 33, p. 559, 715.)
Passenger Freight (ton) ’ Gross
Net
Years.
Miles.
Earnings.
Mileage.
Mileage.
Earnings.
New York Susquehanna A Western.—West End, N. J., to Unionville,
344
5,290,076
12,564,218
$523,592
$35,713 N. Y., 71 miles; Ogdensburg to Gravel Place, Pa. (building), 60 miles;
344
6,346,667
13,974,253
17,508 Blairstown Railroad purchased, 11 miles; Paterson extension, — miles.
583,212
344
7,251,209
19,511,452
925,044
217,543 This was a consolidation in June, 1881, of the Midland of N. J., the
-(V. 32, p. 70,101* 183, 206; V. 33, p. 358, 716; V. 34, p. 87,174; V. Paterson Extension, the North Jersey, the Pennsylvania Midland and
35, p. 132i 161, 212.)
the Midland Connecting railroads. Stock, common, $13,000,000: pre¬
N. Y. N. Haven A Hartf.—Sept. SO, 1881, owned from Harlem Junction, ferred
(cumulative 7 per cent), $8,000,000. The N. J. Midland junior
N. Y., to Springfield, Mass., 123 miles; branches to New Britain, Middle- securities were exchangeable into stock of this company on certain terms
town andSuffield, 18 miles; leased—Harlem A Portchester RR., 12 miles; till Sept. 15, 1882. Gross earnings, 1881, $640,851; net, $216,424. (V.
Shore Line RR., 50 miles; total operated, 203 miles. This was a consoli¬ 33. p. 255, 282, 716, 718; V. 34, p. 62, 205, 479, 521, 573; V. 35, p.
dation July 24,1872, of the N. Y. A New Haven and the Hartf. A N. H. 189, 213.)
railroads. The company uses the N. Y. A Har. RR. from Williamsbridge
New York Texas A Mexican,— Line in progress from Rosenburg Juno,
into N. Y. City and pays a large toll therefor.
The company leases the
Har. Riv. A Port. RR. and guarantee the bonds. In April, 1881, a tion, Texas, Jo Brownsville, 350 miles. Mortgage $2i,850 per mile,
land, or
10,240 acres per
controlling interest was bought in the New Haven A Northampton RR. covering 5,120 acres of finished half the grant, which is p.
by May, 1882., (V. 34,
575; V. 35, p.
stock, by parties in the interest of this company. Operations, Ac., for mile. Abont 95 miles
inree years were as follows;
22, 161.)
miles; Liberty & Vienna RR„ Vienna Junction to Vienna, 8
Line to Sharon, Pa., 2 mile; Sharon R’y, and extension, 14
..
..
*
RAILKOAD
xliv
Subscriber* will confer a great
on
first page
1
of tables.
4th mortgage
stock, 6 per ct. pref
Preferred stock.
Mortgage bonds...
North Pacific Coast— 1st and 2d mortgages
North Pennsylvania—Stock, guar
1st mortgage
.
it f
187-90
1854
1865
.
Size,
or
Value. Outstanding
«...
56
56
....
1881,
ib*‘i
2d mort.
£
102
102
102
112
47
322
138
138
138
138
138
138
138
133
1869
1869
1877
1878
Northern of New Jersey—Stock.
1st mortgage, extended
2d mortgage
....
1856
1865
1868
1868
Dividend.
....
500 Ac.
500 Ac.
1,000
500 Ac.
1,000,000
1
1869
•
783,000
3,068,400
1,000,000
100
100 Ac.
100 Ac,
M.
M.
I.
A.
J.
do
do
do
do
:
j
j
Mch.
Mch. 1.
1|
July 1, 1884
Meli. 1, 1900
i,
■
Pliila
.<
1882
•V
1882
s
Nov., 1888
Nov. 1,
Iphia Olfie.e,.
1901
■M
Aug. 25, 1882
do
do
do
do
do
do
Jan.
k
1.
1885
May 1, 1896
1903
do
do
Baltimore A Philadel.
Annapolis.
A J.
A. A O.
J. A J.
A. A 0.
Baltimore.
Baltimore A Philadel.
Baltimore.
do
J. A J. |
J. A J
I. A .T
J. & J.
M. A N.
London A Baltimore.
it.
.
May, 1882
Sept. 1, 1899
Sept. 1. 1399
Jan. 1, 1907
April 1, 1908
July 15, 1882
Irredeemable.
July, 1885
April, 1900
July 1, 1900
July 1, 1900
July 1, 1904
Baltimore.
do
do
London.
Jan.
Jan.
....
J.
A
1>.
....
I.
6
200,000
S-.
A J.
A O.
A J.
J.
3*4
33,000
7
1
Charleston, Office.
do
do
Central Pacific RR.
8.
A
A
Q.-J.
6
6
6
6 S0 g.
0 g5
5
0
0
7
3
600,000
1.525,000
i’o’o
,V
J. J.
M. A S.
Boston, Office.
New York, Office.
City', Hudson Co. B’k.
do
do
p
*4
&
iA
■
b
1, 1926
1. 1926
%
-
1900
1903
June 1. 1882
In 1881
ii
■
July, 1888
March, 1889
capitalists interested in the Shenandoah Valley road. (See V. 32, p. 182).
The reorganized company' is now the Noldolk * Western.
The com¬
pany issued $15,000,000 preferred stock, $3,000,000 common stock, and
$10,778,GOO new mortgage bonds, to be used according to the plan
published in the Chronicle, V. 32, p. 331.421. The statement of earn¬
ings, expenses, Ac., to Dee. 31, 1881, was in V. 34, p. Gl. Operations
and earnings for six years past, ending June 30, were:
Net
Passenger
Freight (ton)
Gross
Earnings.
Miles.
Earnings
Mileage.
Mileage.
$540,539
428
10,GIG,924
GO,G10,288 $1,742,251
600,633
9,531,442
67,531,874
1,791,579
428
9,470,228
70,797,576
1,781,710
486,889
428
8,079,780
73,662,480
1,673,131
612,043
428
9,244,356
1,936,641
943,413
98,595,455
428
1,375,550
732,680
8,310,553
68,274,182
(8 mos) 428
—(V. 32. p. 182, 334. 395, 421, 501. 527, 539, 578; V. 33. p. 74. 357,
433, 5 69, 587, 687; V. 34, p. 61, 292, 409, 708; V. 35, p. 132, 182.)
No. Carolina.— May' 31,1881, 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 the State of North Carolina holds
.
$3,000,000, and the dividends thus received by the State arc applied to
North Carolina RR. (V. 33, p. 99 ; V. 34, p. 550.)
Pacific Coast.—Dee. 31, 1881, owned from Saueelito to Moscow
Mills, Cal., 74 miles: branch to San Rafael, 2 miles; leased, San Rafael
her bonds issued to the
North
Stock, $2,500,000.
Pennsylvania.—Nov. 30,, 1881, owned from Pliila., Pa., to Bethle¬
hem, Pa., 56 miles; branches—Jcukint’n to Dela. River, 20 miles; Lans-
Md., to Sun138 miles; branch—Relay to Green Spring, 9 miles; leased—
Northern Central.—Dee. 31, 1881, owned from Baltimore,
bury. Pa
.
Shamokin V»J. A .Pcusv. RR., 28 miles; Elm. & W’mspt. RR., 78 miles;
operated ai cost—Chem. RR., 22 miles; Elmira Jctfi. A Can. RR. 47miles;
total. 322 miles. This was a consolidation or several roads in Jan., 1875.
Ihe terms of the several leases will be found under the names of the leased
roads. The; company' is under the management of the Pennsylvania RR.
interest, and Mr. Geb.B. Roberts is President. The last annual report was
published in V. 34, p. 228, showing the application of income for the year
1881 the earnings, Ac.
In April, 1882 purchased at par the stock of
Union RR. in Baltimore, $600,000. The consolidated general mort.(gold)
of 187 4 was for $10,000,000 to retire all prior bonds: the bonds are issued
as series -‘A” and “B” $ or £, series “C” dollar and the “million
dollar” loan. Under the 2d general mortgage of 1876 $1,000,000 more
may be issued as Series C.
Income account for four years as follows:
1878.
1879.
1881.
$
5,443,700
1.246,008
148,339
200,961
1,795,119
1,056,254
1,595,308
$
457,742
895,140
2,091,428
$
894,930
106,298
Total gross earn’gs..
Net Receipts—
Net earnings.
Interest
Other receipts
63.260
1.118,959
211,179
180,313
$
1880.
$
5,050,337
$
3,723,456
4,107,949
132,512
163,797
]
271,668
(2) 146,048
1,510,481
$
48 1,357
1,927.922
$ ,
476,212
935,882
(6) 350,517
113,834
10,146
196,494
Total net income...
Disbursements Rentals l’s’d lines,Ac*
Interest on debt
Dividends
Miscellaneous
Balt. A Potomac iut.
37,177
452.097
898,060
1,809,934
1,416,142
1,806,533
117,988
284,895
179,166
Includes rent of roads and interest on equipment.
-(V. 32, p. 121, 230, 232, 287, 578; V. 34, p. 115, 228, 231.)
Tot. disbursements
1,485,585
24,896
Balance, surplus...
,
*
Northern Central (Mtchigan).—Jonesville, Mich., to Lansing, Mich., 61
miles. Owned by' the Lake Shore A Michigan Southern Railway Com¬
pany'. Stock, $610,000. S. V. Irvin, President, Albion, Mich.
Northern, N. IT.—March 31, 1882, 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.
The net earnings for the fiscal year ending
March 31, 1882, were $122,729;
in 1881, $102,223; in 1879-80,
$112,438, and in 1878-9 $107,372. Prior to that date, earnings were
larger. ( V. 32, p. 610 ; V. 34, p, 602.)
Northern of New Jersey— Sept. 30, 1881. owned from Bergen, N. J., to
Sparkilu N. Y., 21 miles; leased Sparkill to Nyack, 5 miles; total oper¬
ated, 25 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 termin¬
able by either partv on notice.
Gross earnings in 18S0-81, $264,763;
net, $72,108. (V. 32, p. 611.)
Northern Pacific— June 30, 1881, operated from Duluth, Minn.,to Bismark, Dak. Ter., 450 miles; branch, Casseltou to Blanchard, 32 miles;
Pacific Division, Tacoma to Kalarna, 105 miles, and Tacoma to Wilkeson,
31 miles—136 miles; total, 618 miles and 311 miles more just finished.
Owns one-half St. Paul A Duluth RR., 24 miles, and uses 75 miles of St.
Paul Minn. * Man., St. Paul to Sauk Rapids, and leases Western RR.,
Sauk Rapids to Brainerd, 61 miles; total operated for business, 754
miles. The gap between Mo. Div. and Pend d’Orielle Div. is 820 miles.
This company'was chartered by act of Congress July 2, 1864, to build
from Lake Superior to Puget Sound, f,800 miles, with branch to Port¬
land, Oregon, 200 miles. The land giant was 20 sections per mile in
Doylestown, 10 miles; Iron Hill to Shimersville, 2 miles; tqtal,
operated. 88 miles. The Northeast Penn, and the Stony Creek roads are
Operated under contract. The company' has been doing a fair business,
but paying very moderate dividends, and in May', 1879, was leased for
States and 40 sections in Territories. The company' defaulted January,
990 years to tbe Philadelphia * Reading Railroad on the terms as stated
1874, and the road was foreclosed August 12, 1875, and reorganized by
in V. 28, p. 625, viz., that the lessees should pay in quarterly payments
the bondholders’ committee Sept. 29, 1875. To the bondholders new
(February 1, May* 1, August 1 and November 1) $673,344 for each of the
the first and second years; in the third and fourth years each $718,615. 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
and alter that $763,887 per year. This is intended to cover all fixed
8; then both share.
charges of the lessors, and pay 6 per cent on their stock for two y ears,
Of the above pref. stock $2,851,455 was owned by the company
7 pci* cent for two years and 8 per cent afterwards. Lessees also to pay
June 30, 1881. This preferred stock is taken in payment for the eom6 per cent on $1,146,691 floating debt, or income bonds, for which the
panyr,s lands east of the Missouri River at par (3,473,471 acres), but has
debt may be exchanged. (V. 32, p. 184.)
no
lien whatever on the road; the' Missouri Div. bonds and Pend
Northeastern (S. C.) -Sept. 30,1881, owned from Charleston, S. C., to d’Oreille Division bonds are receivable for lands on those sections. In
Florence, S. C., 102 miles. This company lias earned the interest on its 1880-81 the sales of land east of the Missouri River were 588,080 acres,
bonds and preferred stock with a good surplus. In 1878-9 gross earn¬ for
$1,805,368, an average of $2 59 per acre.
ings were $346,267 ; net earnings, $135,364; in 1879-80, gross, $404,A syndicate in November, 1880, subscribed for $10,000,000 new con¬
894; net, $185,659; in 1880-81, gross, $484,760; net, $137,863. The solidated mortgage bonds, with privilege' of taking $10,000,000 more
preferred stock is exchangeable for second mortgage bonds.
yearly for next three years, to finish the road, and they took and sold
Northern California.- Deo. 31, 1881, owned from W. Oakland to Sui- $20,000,000 of the bonds in Jan., 1881. The mortgage is for $25,000
eun, Cal., 47 miles; extension, Woodland to Willows, 65 miles; leased per mile of road, Central Trust Co. of N. Y., trustee. The bonds are
San Pablo & Tulare Railroad—Martinez to Tracy City', 47 miles; total received in payment for lands at 110 and interest, and proceeds of land
operated, 159 miles. Completed in 1878 and leased in part to the sold must be applied to redemption of these bonds at a price not exceed¬
Central Pacific since Jan. 1, 1876, at a rental of $1,500 per month for ing 110 and interest. Sinking fund of one per cent per annum begins
dale to
Northern and $300 per month for S. P. & T.
The Northern stock is
$4,710,500, and San P. * T. -stock,$1,861,000 w; V. Huntington,
President. San Francisco,
iM
in 1885.
In February',
Railroad Co.
.
Navigation <*
controlling interest in the stock, which is held
1881, parties interested in the Oregon
purchased
-
a
—•
k
>.V
'
Norfolk * Petersburg, South Side and Virginia * Tennessee; in all,
with branches, 428 miles.
In all these routes the State of Virginia
held the controlling interest, and sold out to the company' for $4,000,000
an second mortgage bonds.
Default on consolidated bonds was made
October 1, 1873, and the road was sold in foreclosure Feb. 10, 1881, to
Mr. Clarence H. Clark, of Philadelphia, for $S,G05,000, on behalf of
Quentin, 4 miles ; total operated, 80 miles.
205,000
4,526,000
2,932,000
500 Ac.
Peters¬
miles;
Lynchburg, Va., to Bristol, 204 miles; branches—Petersburg to City'
Point, Va., 10 miles; Junction to Saltville. Va., 10 miles; total oper¬
ated, 428 miles. This was a consolidation, November 12, 1870, of
Earnings in 1881, $277,186: net, $08,994.
6,500,000
1,500,000
1,490,000
1,126,000
2,599,000
,
21
Company Shops, N. C.
M. A N
8
8
6
6
3
236.000
1,000
1878
Nat. Bk.
do
do
J. A J.
M. A N
J. A J.
4
3,148,000
1,023,000
1876
21
N. Y.. Fourth
t>
86,000
820,000
1876
21
J.
J.
399,350
1,000
82 hi
7
7
1,200,000
1,000
1,000
1,000
,
6
1,500,000
50
50
500
500
stock paid in, issued to contractors, Ac.. $3,537,400; bonded debt,
No.
If
Stocks—Last
Whom.
Q.-F.
1*U
1.930,500
1874
61
A
A
M. A S.
M. A S.
M. A N.
M. A N.
3
3
3
6
4,399,750
*
Norfolk, d Western.—Sept. 30,1881, owned from Norfolk, Va.. to
burg, Va., 81 miles; Petersburg, Va., to Lynchburg, Va., 123
II !•
pal, When Due.
Pay'able, and by
....
210,000
1,100,000
50
500 Ac.
500 Ac.
$2,400,000: cost of road, Ac., $5,010,571. (V. 33, p. 24, 22G, 358, 528;
V. 34, p. 52, 715.)
N. Y. Wood haven <£ Rockaway — September 30, 1881. operated from
Long Island City. L. I., to Rockaway Beach, and branches. 2G miles, of
which owned lb miles, leased 1G. By contract with Long Island RR.
is to control all travel to the Beach by rail.
The stock is $1,000,000.
-(V. 34, p. 2G5.)
Niagara Bridge d Canandaigua.—Oct. 1, 1881, owned from Canan¬
daigua to Suspension Bridge, N\ Y.. 08 miles. The road is leased in
perpetuity to the New York Central & Hudson at $G0,000 per annum.
Has no debt, but prior to foreclosure mortgages were $2,170,000.
to San
J.
J.
6
8
1,000,000
....
Company) a line parallel to the New York Central to Buffalo (4G2
miles), and connecting with the road of the New York Ontario & West¬
ern at Middletown, N. Y.
The New York terminus is through the new
tunnel at Weehawken. The report to State of N. J.. Dec. 31. 1881,
Years.
1875-6
187G-7
Where
Payable
i
55,600
3,000,000
100
100
500
New York West Shore J Buffalo.—This is the consolidation in July,
1881, of the N. Y. West Shore* Buf., the Jersey City * Albany and the
North River railroads.
It is building (by the North River Construction
»«
When
Rate per:
!
Cent.
$ 990,000
1,000,000
$1,000
1,000
50
,
Ufa
! Bonds—Princi¬
INTEREST OR DIVIDENDS.
2,569,500
2d mortgage, new
:
Northern (Cal.)—1st mortgage
San Pablo A Tulare-1st mort
Northern Central—Stock.
1st mortgage, State (Maryland) loan
2d mortgage, coupon, sinking fund
3d mortgage, coupon
Consolidated mortgage, gold, coupon
Consolidated mortgage, gold, registered
Consol, general mort., gold, s. f., coup., $ or
2d general mort., “A,” coupon
do
“B.” coupon
Union RR., 1st mortgage
do
2d mortgage, gold
Northern Central (Mich.)—1st mortgage
Northern, N. H.—Stock.
gave
Amount
Par
_
’67-’68
1381
58
mortgage
General mortgage bonds
Bonds secured by $1,200,000 stock
Northeastern (S. C.)— Stock, common
Pref. stock (8 per cent) exchangeable for
1st mortgage, new
Road.
Date
of
Bonds
223
223
223
76
Norik Carolina—Stock, common
2a
[VOL. XXXV.
1
VirginiaATennessee—Enlarged mortgage
do
do
Miles
of
214
214
headings, Ac., see notes
Norfolk d: Western—{Continued)—
do
do
BONDS.
AND
favor by giving immediate notice of any error discovered in tbiese Tables.
DESCRIPTION.
For explanation of column
STOCKS
£
RAILROAD
1882. J
August,
Subscribers
Miles
Date
of
of
Road. Bouds
headings,
rrr^natiou of column of tables. &c., sec notes
on first page
*or 0X11
720
J^rnTaciJic-Fi'et. stock(8 p. c., not cum’tive).
Mm4^age8anfi1 land grant bonds’'Missouri biv....
1876-90
Northwestern
gold, $25,000 p. m., coup, or reg.
Ohio—Stock.
-
mortgage gold.
Income bonds (non-cumulative)
Terminal mortgage bonds
1st mort., Mineral Div
200
200
200
26
26
615
393
148
393
393
393
do
Mississippi—Stock, common.......
Preferred stock (7 p. c. yearly, cumulative)
Ohio <t
bonds
($3,44.>,000 are s. f.)
Consolidated mortgage, sterling
2d consolidated sinking fund mortgage
Debenture sinking fund bonds (for $1,000,000)...
goring. Div. (Sp.A Ill. BE.) 1st M. (for $3,000,000).
Ohio Southern—lat mort. ($15,000 per mile)
Old
do
do
Bonds
and
do
do
do
do
do
do
...
-
....
regist
....
do
do
do
....
•
•
•
...
•
-
306
Oregon <£• California—1st mort gold.
Oregon Pacific—1st mort., land grant, gold
i
....
‘
.
.
100
1,000
1,000
xiy
•
1864
1874
1875
1876
1877
1881
1880
1,000
1,000
£200
1,000
1,000
1,000
1,000
1,000
100
25,000,000
187-90
600,000
1,403,610
998,650
3,000,000
3,000,000
600.000
300,000
300,000
1,000
1,000
1,000
1,000
1.000
Dividend.
M. A N.
M. A 8.
J. & J.
New York Office.
do
do
do
do
May 1, 1919
Sept. 1, 1919
Jan. 1,
4.030.000
174.000
6,688,000
112,000
3,829,000
140,000
J. Boston, 2d National Bk. July 10, 1882
S. Boston, N. E. Trust Co. March 1, 1897
J.
Boston, Oflioe.
July 10, 1876
8.
do
Mar., 1890
J.
do
1897
do
O.
April 1, 1920
do
A. A O.
April, 1920
J. A J. N.Y. Metropolitan N.Bk Jan. 1, 1920
do
do
Jan. 1, 1920
do
do
J. A J
July 1, 1920
J. A J.
do
do
July 1, 1921
I. A J.
do
do
July 1. 1921
2
8
6
6
3 A 6
6 g.
7
6
6 g.
7 g.
....
AI.
A.
J.
J.
A.
M.
M.
J.
J.
I.
M.
3*2
7
7
6 g.
7
1,920,000
7,533,800
312
32.000
1,692,000
500,000
1,100,000
2,000,000
6,000,000
25.000 p. in
A
5
7
6
6
6
6 g.
6 g.
S.
A O.
A J.
A J.
A O.
A
A
A
A
A
A
.M. A
J. A
M. A
F. A
I. A
7
7
6
6
2,009,000
1,920,000
1921
J. A
M. A
J. A
M. A
J. A
A. A
5
6
20,000,000
1000Ac.
1,000
Stocks—Last
....
6 g.
371,000
100 Ac.
1,000
1,000
1,000
1,000
1,000
Bonds— Prinoi
pai.Vv’hen Duo
When I Where Payable, and by
Whom.
Payablo
....
6
6
2,000,000
2,604,400
400,000
3,077,000
500 &c.
100
100
1862
1868
1868
1871
1873
1874
1881
1881
222
128
128
455
Colony—Stock
Bonds
Bonds
Bonds
1880
1880
1880
1880
1881
1881
....
($15,000 per mile.)
Bondsdiot mortgage) coupon
1877
1880
....
•Ohio Central- 1st
100
....
118
118
1890)
Consolidated mortgage (for $3,500,000)
Income bonds, not cumulative.
2d mort., income
l,000Ac
1,000
Rate per
Cent.
49,00o,000
2,484,000
3,915,000
....
1870
....
Outstanding
100
100 Ac.
1877
118
KS bonds (redeemable July,
-
1881
Amount
L$ 100 $42,312,588
1879
1879
66
OgdeZsburgd- Luke Champlain-Stock
Income and funded debt
1st consolidated mort.
or
Par
Value.
•
Worcester Stock
Incomes,
BONDS.
INTEREST OR DIVIDENDS.
Size,
....
205
209
850
79
Mortage ami land gr. bonds, Pend d-Oreille Div.
Norwich <£
AND
will ©•nfer a great favor by giving Immediate notice of any error discovered In tbese Tables.
description.
Consol- M. Id. g.,
STOCKS
N.
N.
J).
D.
J.
New York, Office.
do
do
do
do
London.
New York, Office.
do
do
do
do
New York.
do
Boston, Office.
S.
S.
D.
S.
A.
do
do
do
do
do
1875
Mar. 1,
Oct. 1, 1882
Jan. 1, 1898
Jan. 1, 1898
April,
May 1,
Nov. 1,
June 1,
1911
1883
1905
1921
June 1, 1921
July L, 1882
Sept. 1, 1884
March 1, 1894
June 1.1895
Sept. 1, 1896
Aug. 1.
J. N.Y., London A Frank!.
A. A O. New York and London.
1897
July 1, 1921
Oct. 1, 1900
“Oregon A Transcontinental Company;” the 180,000 shares pleted and in operation June 1,1882: Springfield, Ohio, to Coalton, with
stock never issued since reorganization were partly dis¬ extensions and branches, 135 miles. Stock (par $100), $3,840,000.
tributed. The last annual report is in V. 33, p. 302. (V. 32, p. 4, Earnings, l8sl-2 (nine months), $218,491 ; net, $76,658. B. S. Hen¬
44,121,184, 232, 313, 323, 335, 308, 380, 421. 553. 509, 087 ; V. 33, p. ning, President. See. report in V'. 35, p. 101. (V. 32, p.637; V. 33, p.
154, 588, 087; V. 34, p. 87, 1 / /, 231, 344, 549, 5 / o, 001, 037, 03>», / 0 / ; 441 ; V. 35, p, 51, 101.)
V. 35, p. 22, 45, 71, 103, 182, 213.)
Old Colony (Mass.)—Sept. 30, 1881. owned from Boston to ProvinceNorthwestern Ohio.—Dae.. 31, 1881, owned from Mansfield to Toledo’ town, Mass., 120 miles, and lines to Kingston, Plymouth and Somerset
Ohio, 8(5 miles, but leases 7 miles to P. F. W. A Cli. RR. This was a con¬ June., Mass., and to Newport, R. L: total, 249 miles; numerous branches,
solidation of the Tol. Tiffin & East., tlie Mansfield Coldwater A L. M., 52 miles in all; leased—Boston Clint. Fitchb. A N. B., 125 miles; Fram¬
and the Toledo A Woodville roads. Leased to Penn. Company at cost ingham A Lowell RR.. 26 miles; Dorchester A Milton RR., 3 miles; total
of operating. In 1880 gross earnings $270,105; net, $49,070. In 1881 length of all lines, 455 miles. The Cape Cod Railroad was merged in
by the
of common
gross,
$290,285 ; net, $47,158.
1881, owned from Norwich, Conn.,
Mass., 59 miles; branch: Norwich to Allyn’s Point, 7
miles; total, 06 miles. In 1809 the road was leased to the Boston Hart¬
ford & Erie for 100 years, the lessees to pay all liabilities and 10 per
Norwich <£• Worcester— Sept. 30,
to Worcester,
capital stock. There has been some discussion as to reduc¬
ing the rental, and the present lessee company has the option to termi¬
nate the lease, and now operates under temporary agreement (see V. 28,
p. 200). Earnings, Ac., for five years past have been as follows:
Years.
Gross.
Net. "
Total.
Int. A Div.
$716,035
$410,243
$309,229
$315,107
G60,8S3
269,779
312,095
283,704
660,830
274,457
741,310
283,809
707,58s!
291,390
404,715
283,905
730,481
274,706
928,700
284,978
cent on the
Ogdensburg & Lake Champlain.—March 31,1882, owned from Rouse’s
Point, N. Y.,’to Ogdensburg, N. Y., 118 miles. The earnings of the road
having decreased of late years, in January, 1880, the executive com¬
mittee issued a circular proposing certain terms of adjustment, which
have been substantially carried out. Annual report for 1881-2 in Y. 34,
p. 686. Operations and earnings for four years past were as follows:
Gross
Net
Passenger
Freight (ton)
Miles.
Earnings. Earnings.
Years.
Mileage.
Mileage.
1878-9..
122
3,045,831
22,439,405
$472,172
$104,390
122
558,816
1879-80
3,769,830
170,917
28,037,790
584,039
1880-81
122
176,410
3.228,371
26,970,096
122
1881-82
609,324
170,854
-(V. 32, p. 70, 122, Go 7 ; V. 34, p. 68 6.)
....
....
branch—Hadley
The
1881, the com¬
pany increased it to $12,000,000 for improvements, Ac., and to buy
Ohio Central.—Corning, O., to Toledo, O., 184 miles;
Junction to Columbus, O., 28 miles; total operated,
stock was $4,400,000—par $100—and in January,
212 miles.
the stock of the Ohio Central Coal Co. In June, 1881, consolidation
with the Rich. & Alleghanv was voted, and new stock and bonds for
extension were subscribed. But in January, 1882, this plan was aban¬
doned and consolidation was made with the Atlantic A Northwestern of
Virginia, with a capital authorized of $20,000,000, and the line pro¬
jected is to Charleston, West Va., making the consolidated road about
400 miles in all, when finished.
(V. 32, p.70,579; V. 33, p. 12, 48,
154, 202, 305, 589, 716.; V. 34, p. 147, 177, 231, 265, 316, 132.)
Ohio <£• Mississipjri— Dec. 31, 1881, owned
St. Louis, Ill., 340 miles; Louisville branch,
from Cincinnati, O., to East
North Vernon to Jefferson¬
ville, Ind., 53 miles; total Ohio A Miss, line, 393 miles; the Springfield
Division, Beardstown to Sliawneetown, Ill., 222 miles; total operated,
615 miles. The Eastern and Western divisions were sold in foreclosure
and the present Ohio &
Mississippi Company consolidated November 21,
1667. On November 17,1870, the company was placed in the bauds of
Receivers, and afterwards Mr. John King, Jr., of the Baltimore A Ohio
Railroad,
was
was appointed sole Receiver; in Oct., 1881, John M. Douglas
appointed Receiver, rice King, resigned. A suit is pending, brought
to annul the purchase of the
Springfield Div. in 1875 as fraudulent and
void. The various
phases of litigation in regard to this company have
been reported from time to time in the Chronicle.
There are yet
$97,000 of old first mortgage 7s (reduced to 6s), Western Division, out¬
standing. Prel. stock has prior right to a cumulative dividend of 7
per cent before any dividend shall be paid on com.; after payment of 7
ceiit for any one year on com., the surplus of that year (if any)
shall he divided between both classes.
Operations and earnings for
four years past:
■ioX£ar8,
J|80 (to
1881
Miles.
615
615
615
Aug. 31)
Gross Earnings.
$3,136,836
3,502,239
4,376,310
Net Earnings.
$864,548
1,051,419
1,256,709
540,992
paid in 1880 and 1881, and a full state¬
ment of
proposed adjustment and issues of $16,000,000 5 per cent
given in V. 34, p. 177. (V. 32, p. 16. 156, 229, 356, 578,
659, 686; V. 33, p. 74, 202, 275, 304, 358, 385, 412, 442, 560, 642; V.
34, p. 62, 177, 316, 435, 461, 575; V. 35, p. 103, 213.)
Various hack coupons
615
2,649,949
were
this October 1, 1872.
In December, 1878, a contract of lease was made
with the Boston Clinton Fitchburg A New Bedford for 999 years, the
Old Colony to operate that road and pay as rental 102;j per cent of the
gross earnings of both
icle, V. 33, p. 525.
roa<Is.
The last annual report
was
in the Chron¬
Operations and earnings for three years past were as follows:
Passenger Freight (ton) Gross
Net
Div.
Years.
Miles. Mileage.
Earnings. Earnings,
Mileage.
p. ct
453 72,805,238 42,450,366 $2,798,029 $1,090,799
453 89,502,519 51,169,628 3,518,769
1,201,647 6
455 89,187,583 53,794,401 3,740,448
1,246,846 6
-(V. 32, p. 44; V. 33, p. 525 ; V. 34, p. 655; V. 35, p. 133.)
Oi'egon <f- California—Line of road—Portland, Or., to Rosehurg, 198
miles; Albany Junction to Lebanon, 12 miles; West"Side Division, Port¬
land to Corvallis, 97 miles. Total finished, 306 miles; projected, 295
miles.
The present
Oregon A California Railroad is a reorgani¬
zation of the original Oregon A California, with which has been
consolidated the Oregon Central, Western Oregon, and Albany 6c
Lebanon RR. Cos., and it now owns all the railroads, lands, frai»~
cliises and properties of those companies. The company was in defa&it
after 1873, and the plan of reorganization voted May 5, 1881, pro¬
vided for the issue of 7 per cent preferred stock for the old indebted¬
ness, $12,000,000 ; and common stock for $7,0i 0,000; also for $6,000,000 new mortgage bonds, of which $1,700,000 were used to redeem
prior lien bonds of 1879, and $4,300,000 are issued to build the exten¬
sion to a connection with Central Pacific, and the interest on these is
charged to construction account till July, 1883. The land grant U
about 4,000,000 acres. A dividend of 2 per cent was paid on preferred
stock in March, 1882. Net earnings in 1880 were $117,011; in 1881,
$314,586. For first three months of 1881 company had deficit of $12,481; same period in 1882, net earnings, $87,288. The bonds are re¬
ceivable for lauds sold.
(V. 32, p. 527, 569, 659 V. 33, p. 589, 687; V.
34, p. 316, 686 ; V. 35, p. 133.)
Oregon Pacific—Road in progress; projected line, 600 miles, of which
60 miles from Corvallis to Yaquima is to he finished immediately. Land
grant, over 900,000 acres, and covered by first mortgage. Stock is
$30,000 per mile. (V. 33, p. 93, 491.)
Oregon Railway & Navigation.—Net earnings year ending June 30,
1882, $2,406,426.
Interest, dividends, Ac., $1,488,000; net sumlus,
$880,668. An issue of $6,000,000 new stock was voted on October
20, 1880, to be sold at par to the stockholders at dates in 1881,
with a 10 per cent scrip dividend paid to the stockholders when their
last instalment was called for. A further issue of $6,000,000 stock
was made to
stockholders of December 28, 1881, deliverable Feb.
1, June 1 and Sept. 1, 1882. The company has lines in progress
which will make 696 miles of main and branches when completed.
The managers purchased in February and March, 1881, a controlling
interest in the common and preferred stock of the Northern Paciflo
Railroad with cash furnished by a syndicate, and the control of both
companies was transferred to the Oregon A Trans-continental. (V. 32,
p. 156. 232, 265, 313, 323, 336, 421, 501, 553, 687 ; V. 33, p. 48, 177,
439,^588 ; V. 34. p. 87, 178, 605, 688, 707; V. 35, p. 213.)
Oregon Short Line.—Road in progress from Granger on the Union
Pacific into Oregon 600 miles, of which 200 miles completed to July,
1882. Built under Union Pacific control, and interest on the bonds guar¬
anteed. One $1,000 bond and $500 in stock sold to U. P. stockholders
for $1,000 cash.
(V. 33, p. 126, 716, 718; V. 35, p. 22.)
Oregon d- Transcontinental.—This company was organized under the
1881, and received from the “Villard Pool”
an assignment of the stock of the Northern Pacific Railroad purchased
by it. The company’s object is to hold the stocks of the Oregon Railway
A Navigation Co. and the Northern Pacific, and to construct connecting
roads. The total authorized capital is $50,000,000, of which $30,0004GOO was subscribed for at par. In May, 1882, bonds were offered to the
stockholders at 90, secured by deposit in trust of first mort. bonds on
new railroads, at $20,000 per mile. H. Villard, President, 20 NassauSt.,
N. Y.
(V. 33, p. 12, 48, 256; V. 34, p. 409, 637; V. 35, p. 188J
laws of Oregon on June 27,
Oswego & Lome.—Sept. 30, 1831, owned from Richland, N. Y., to
^ Southern.—This corporation is organized under the laws of the Oswego, N. Y., 29 miles. Road opened January 1,1866. It is leased
fi.l.
oiate of
w tne
Ohio.
The road will extend from the city of
village of Rookwood
on
the Ohio River.
Springfield, Ohio,
Length of road com¬
to the
stock
Rome Watertown &
($300,000) aud 7
Ogdensburg Railroad at 8 per cent on it^
per cent on guar,
bonds.
RAILROAD STOCKS
xlvi
Subscribers will confer a
great favor by giving
explanation of column headings,
on
first page
of tables.
Ac., see notes
Miles
of
Oswego dt Syracuse—8tock,
Mortgage bonds
Consol, mortgage (guar.
guaranteed
9 per cent guar
.
gold
1882
1879
65
Sinking fund subsidy, gold
1867
1880
15
*'
Pitts., coup., J. A J.; reg., A. A O.
State lien (pay’ble in annual inst’lm’ts of $460,000)
Consol. M., coup. J. A D., A reg. Q.—M. is. f. 1 p. c.)
Consol, mortgage, gold
Bonds, reg. (P.W. & B. stock deposited as collat’l)
1.000
1,000
100
1*000
1,000
858,000
1,000
50
Peoria dt Bureau Valley—Stock
Peoria Decatur & Evansville—Stock
1877
1881
1866
1866
1880
1880
1880
gold (Pekin to Mattoon)
Income bonds,
do
not accumulative
1st mort.,
Div.)
1,000
1,000
1,000
1,000
1.000
30,1880, owned from Oswego, N. Y., to Syra¬
the Dela. Lack. A West. RR. Co.
interest on bonds. In 1879-80
$186,856; payments, $152,471; surplus, $34,385; in 1880-81 sur¬
Oswego dt Syracuse—Sept.
cuse, N. Y., 35 miles. Leased in 1868 to
for 9 per cent per year on stock and
plus was $21,339.
Ottawa <6Burlington—Jan., 1882, owned from Ottawa, Kan., to Bur*
lington, Kan., 46 miles. Formerly Kansas City Burlington A Santa Fe.
Bold in foreclosure, reorganized, and now leased to Kan. City Lawr. A
Bo. Kansas, which guarantees the bonds, principal and interest. Stock
$500,000.
Owensboro dt Nashville.—April, 1882. owned from Owensboro, Ky., to
Bevier, Ky., 41 miles. Purchased in 1879 by the Nashville Chattanooga
A St. Louis, and now operated by Louisville A Nashville. Stock is
$1,156,000.
Painesville dt Youngstown.—Mayll, 1882, owned fromfFairport. Ohio
to Youngstown, Ohio, 65 miles. The old company made
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. Solon Humphreys, President
New York. The road went into the possession of new managers in 1881
and was reported to have gone under Wabash control; on Jan. 1, 1882
default, and
1st mortgage coupons, and
(V. 33, p. 46; V. 34, p. 32, 147.)
Panama.—Dec. 31, 1831, owned from
R. K. Paige appointed receiver.
—
Aspinwall to Panama, 48 miles
Opened through January 28.1855. This road had a practical monopoly
or the California business till the opening of the Pacific Railroads in
Of the general mortgage
1869.
bonds $1,000,000 fall due in ten half-
yearly payments begimuing 1884 aud balance ($2,989,000) in October,
1897.
The $2,955,000 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 parties
interested in the De Lesseps Panama Canal Co. The report for 1881 was
in V. 34, p. 406, and the income accounts for four years as follows:
INCOME ACCOUNT.
1879.
$
1880.
$
1881.
$
.1,759,702
1,706,761
1,662,592
1,972,606
.1,227.292
196,269
1,202,144
254,392
195,213
.1,582,448
Reccipts-
1,651,749
1,629,712
1,847,776
239,889
270,853
9,939
$
450,604
10,767
2,398,200
35,000
2,894,571
.
subsidy.
Discount on
.
840,000
250,000
910.000
250,000
$
270,747
6,706
1.120,000
250,000
1,342,821
1,440,792
1,647,453
Disbursements.
12,932
.
Bubs’y to U. 8. Colombia, Ac.
.
*
181,081
sur.239,627 sur.210,957 def.17,741 *1,046.795
Balance
of subsidy bonds, $15,000; total
$1,091,795.
156, 393, 469, 637; V. 33, p. 12, 48, 412; V. 34, p. 406.)
Deficit, to which add redemption
deficit in year’s results,
—(V. 32, p.
Paterson dt Hudson—Sept. 30,1881, owned from
to Paterson, N. J., 15 miles. The road was opened
Jersey City, N. J.,
in 1834, and leased
York A Erie, at a rental of
*4 8,400 per year. J. S. Rogers, President, New York City.
'
31,1881, the mileage operated east of Pittsburg
Pennsylvania.—Dec.
in
perpetuity September 9,1852, to the New
and Erie, on which earnings as reported were based, was divided as
follows: Pennsylvania Division and branches, 1,169; Philadelphia A
Erie Division, 287; United Railroads of N. J. and branches, 430; total
operated, New York to Pittsburg, with branches, 1,887.
of the
The operations
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-
eylvania Railroad was $79,719,156, and the par value $110,129,429,
In March, 1881, the company purchased 217,819 shares of the Pliilar
delphi* Wilmington A Baltimore RR., and the directors authorized the
issue of $20,000,000 new stock of the Pennsylvania RR. A part of
this stock was offered at par to stockholders of record April 30,1881, at
the rate of 12 *3 per cent of their holdings. In July. 1881, the 4 per ct.
bonds secured by P. W. A B. stock were issued, aud they are drawn
yearly with the proceeds of Pliila. Wilm, A Balt, stock dividends
paid to the trustees. A scheme to buy up the company’s guaranteed
«ecurities 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
1881 was $1,900,000.
There had been purchased for the fund securi¬
ties of the par value of $2,027,950, which yield an interest of 6 61 per
cent per annum upon the investment.
An abstract of the latest report issued, that for 1881, was published in
the Chronicle (V. 34, p. 287), showing surplus net income or $2,199,265
After paying
A
A
A
A
A. A O.
all charges and 8 per cent dividend.
Dividend.
N.Y., Farm. L. A Tr. Co.
New York.
1, 1882
July 1, i9o9
Deb. 1, 1922
May 1,* 1922
May, 1915
Feb., 1891
Feb., 1882
1880 A 1885
New York, Agency,
do
do
New York, Office.
London.
New York.
New York.
1907
1910
1931
Jan. 1, i9io
Jan. 1, 1915
Jan. 3, 1882
’84 to ’89 &’97
Nov. 1, l9io
July 5, 1882
Philadelphia, Office.
May 29,1882
1910
Philadelphia, Office.
Aunually.
Q.-M. Philadelphia A London, June 15,1905
J.
J.
J.
J.
2*3
*A *J.
6
7
7
4
J.
J.
J.
F.
A
A
A
A
6
M. A
July 1, 1921
Phil.,Pa., Co., for ins. Ac
do
do
New York.
J.
N. America.
D. Pliila., B'k
do
D.
A. N.
do
Y., Chic.,R. I. A Pac.
A J. N. Y.,
J.
Dec.
do
Pittsburgh, Co.’s Office
N. Y., Nat. City Bk.
A D.
Q.-J.
■4*2g.
do
do
do-
A D.
A J.
S*
A summary
O.
N.
J.
N.
Stocks—Last
Q.—J. Philadelphia A London,
ig-
1.470.000
Whom.
Met. Nat. Bank.
do
do
New York.
....
S.l
1, 1909
Jan.
1, 190
Dec., 1881
July 5, 190
July 1, 192
Jun6 1, 189
June 1, 190
Feb., 1882
Jan. 1, 1920
Jan. 1, 1920
Sept. 1, 1920
of the total business of 1881 in tonnage, passengers and
previous years, is shown in the following :
income, compared with
ALL LINES EAST OF
PITTSBURG & ERIE.
Operating expenses.
Net earnings
....
1880.
1879.
1878.
Gross earnings
1881.
$31,636,734 $34,620,279 $41,260,073 $44,124,182
18,468,994 20,382,740 24,625,048 26,709,809
$13,167,740 $14,237,539 $16,635,025
$17,414^373
EAST AND WEST OF PITTSBURG & ERIE.
1880.
1879.
1881.
ALL LINES OPERATED
$60,362,575 $70,764,062 $75,182,973
Gross earnings from traffic
Operating expenses
35,639,794 42,179,485 46,243,277
$24,722,780 $28,584,576 $28,939,695
Net earnings
GENERAL INCOME
ACCOUNT—(PENNSYLVANIA RAILROAD COMPANY).
1880.
1881.
$10,131,718
1,035,308
302,865
$9,016,176
$0,828,853
following amounts have been deducted—
Payments to trust fund
Consolidated mortgage redeemed
$600,000
$600,000
286,480
Northern Cent. Railway—One-half loss
Baltimore A Potomac Railroad—Advances
29,459
143,332
7,000
25,574
7,000
175,973
RR.—Deficiency in interest
315.109
242.621
Bunb. Haz. A Wilkesb—Deficiency in int..
Fred. A Penn. Line RR.—Deficiency in int..
Am. S3. Co.—To meet int. guar by Penn.RR.
17,040
50,000
15,000
157,464
50,000
15,000
90,000
.
Balance
From this balance
of income for the year the
291,000
27,423
Shainokin Coal Co.—Advances.
Phila. A Ei ie—Deficiency in interest
Allegheny Val.
Do
Advances
1,449,0L4
217,681
158,887
1,014,630
264,230
166,667
184,185
1878.
$
Net
4
6
5
6
5
4
8,400,000
1,287,000
1*000
1875
105
105
46
181
4*a
9,600.000
5.048,000
1,000,000
20,000,000
2,815,000
10,000,000
1,500,000
1,500,000
1,500,000
"77-’80
Q.-F.
g.
5,000,000
A J.
A J.
A.
M.
J.
M.
l*'
6
3,833,066
28,610,540
1879
1881
J.
J.
7
6
19.999.760
1873
Car Trust certificates
Navy Yard bonds reg. (extended 20 years in ’81)
Pennsylvania Company—Stock
Beg. bonds, secured by P. Ft.W. A C. special stock
Bonds, gold, secured by pledge and guarantee....
Pennsylvania dt New York—1st mort., guar
let mortgage, guaranteed
*7*
83,786,570
1,000
1870
Gen. M., Ph. to
on
7
7
7
630,000
50
1,669
Pennsylvania—Stock
defaulted
7
4*9
2,955,000
Payable, and by
M.AN N. Y.,Farmers’L. A T.Co.
M. A N. N.Y.,Farmers’ L. AT.Co.
do
do
F. A A.
F. A A. N. Y., Del., L. A W. RR.
do
do
M. A N.
do
do
M. A 8.
T*
3.989,000
1,000
1879
65
48
48
48
Paterson dk Hudson—Stock
net,
BoHds-PrB
pal, When Due,
New York.
J. A J.
F. A A.
6 g.
6
2,000,000
400,000
1,000,000
7,000,000
500 Ac
500 Ac
100
£200
Where
When
Payable
Q.-F.
2
500,000
Painesvxtle <£ Youngstown—1st mortgage
2d mortgage, income, convertible
Panama—Stock
General mortgage, sterling, (£1,000,000)
1st mort. (Evansville
Rate per
Cent.
338.000
1,000
1876
D. L. & W.)
Ottawa <6 Burlington— 1st mortgage
Owensboro dt Nashville—1st mortgage,
Outstanding
Value.
$100 $18,000,000
5,911,000
1,000
3,000,000
120
1,000
100
23,760,000
l'8 82
1,000 20,000 p. m.
350,000
1,000
28*a 1865
200,000
1866
1,000
50
1.320,400
35
124,000
35 58A64 500 «fec,
Oregon dk Transcontinental—Stoek(for $50,000,000)
Bonds, gold, secured by 1st rnort. collateral
bonds
Par
Amount
1879
1882
Oregon ShortL.—1st, gld.,int.gu.byU.P.($25,000p.no
Income mortgage
in these Tables.
Immediate notice of any error discovered
Size, or
Date
of
Road. Bonds
Oregon Railway <t Navigation—Stock
Mortgage bonds, gold
Oswego <6 Rome—1st mortgage
[VoL. XXXV.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
AND BONDS.
$1,377,607
account for year
Add amount realized
of profit and loss
$7,638,569
$8,060,983
(8) 5,861.718
$2,817,655
$2,199,265
795,220
350,866
$3,612,875
Leaving balance to credit
$1,767,870
(7) 4,820,914
credit of income account
after deducting all payments for which thei
Showing balance to
$2,550,131
7,793,949
■
from settlement of old
accounts, and profit on sale of
Add am’nt to credit of profit
securities...
and loss Jan. 1.
4,181,073
$10,344,079
Philadelphia
Balance to credit of profit and loss Dec. 31..
$7,793,948
The monthly range in prices of PemisylvaniaRR. stock in
have been:
1882.
1881.
1881.
1882.
67%- 6478 July
6238- 583s 653sJan...... 62%- 59%
66*a- 62*4 August
65*2- 63*8
Feb
61 %- 597s
673a- 64*8 Sept’ber
66%March.
64 - 59%
66%- 64
April.... 63*2-60% 70*8- 66*8 October
Nov’ber
x66 - 62%
May
60%- 55% 69*2- 643s
637s- 59**
587s- 53% 66 %- 643e Dec’ber
June
62%
6378
..
—(V. 32, p. 122, 230, 262, 265, 288,
613, 635, 686; V. 33, p. 23, 93. 125.
289, 334, 336, 422, 469, 501, 578,
226, 358, 469, 583, 745 ; V. 34, p.
358, 378, 489, 522, 605, 655; V. 35, 22, 51, 132,161.)
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 ie owned by the Pennsylvania RR., and in 1880
the common and preferred were merged into one class of stock, max¬
ing $12,000,000, which was increased to $20,000,000 prior to the issue
of the $10,000,000 bonds in May, 1881. The whole number of miles
The inoperated or in any way controlled by this company is 3,547.
1, 115, 265, 287,
1880.
Net earnings
Proflts from operating leased roads—
New Castle A Beaver
Lawrence
Valley.
1881.
$848,725
$762,597
1,589,543
71,226
Union Line Bureau, and for rents,
i,715,674
6,868
307,378
82,176
7,924
456,786
$2,823,741
Received from investments
Total nvenue
Expenses Proprietary Dep.
577,697
$3,025,159
1,049,349
$3,401,439
$4,074,508
and int. on bonds... $603,799
$534,747
BONDS.
flavor by giving Immediate notice of any error discovered In these Tables.
Bonus—Princi¬
will confer a great
Subscriber*
DESCRIPTION.
%
£
pwTxpiauation of column of tal)le8. Ac., see notes
headings,
^ flrst pftge
For expiau™
ZIZin
Miles Date
of
of
Road. Bonds
1880
1881
1881
1867
1873
$1,000
Evansville—(Continued)—
-Decatur <&
rSme bonds (Evansv. Div.), not cumulative....
pS <£• Pe&in Union—1st mortgage
1st mortgage,
10
income
38
38
11
(notmSu ;^aerm,bie after issi’1!! 1!!!!
Income
Value.
•
•
•
'
100
1,000
'799;eoo
•
•
•
•
•
•
•
400,000
•
300,000
—
83
62
27
Central Stock.
Westchester & Pliila., 1st mortgage
Philadelphia <t Erie—Stock, common
by'Pa.RRi^S.aoi^OO rg.'Ss)
Philadelphia Germantown <£ htorristown—Stock.
guar
Philadelphia Newtown cC
...
New York—Stock
Philadelphia <£ Heading—-Stock, common.... ------Preferred stock
Receivers’ certincates —
_•
Mortgage loans inconvertible, (extended in 1880)
convertible
Loan mortgage,
Loan mortgage,
do
do
........
sterling, (extended in 1880)
do
(extended in 1880)
Consolidated mort., $ loan, coupon or reg
gold, $ or £, coup
do
do
$, gold, coup, or reg
m
m
m
•
•
•
-
2,400;000
1843
1868
1871
1871
1871
•
•
•
•
O. Co’s Office, Norristown. Apr. 1, 1887
do
D.
do
June 1, 1913
N.
Nashua, Treasurer.
May. 1882
O. Boston, N. E. Trust Co.
Oet. 1, 1897
J.
Jan., 1872
J.
Petersburg, Va.
Jan., 1882-’98
A
A
A
A
A
A
•
•
•
......
Philadelphia, Office.
•
•
•
1911
Phila., Farm.A Mech.Bk April 1, 1891
Philadelphia, Pa. RR.
....
•
do
A. A O.
J. A J.
do
Oct.
Philadelphia, Pa. RR.
Q.-J. Philadelphia A London.
Q.-M. Phila., Treasurer of Co.
2^3
3L>
4 A 6
6
6
5 g.
182,400
967,200
1,000
1,000
1,000
1.000
6
6
7
7
6
6 g.
968,000
Phila., 227 So. 4th St.
Philadelphia, Office.
A. A 0.
6
1,135,300
2,700,000
10,649,000
6,999,000
19,859
1921
A. A O.
5 A 6 g.
3
700,000
£100
£500
100 Ac.
200,000
8ept. 1, 1920
m
•
7
7
32,726.375
1,551,800
1,800.000
1,510,500
79,000
1,000
1,000
1881.
•
New York.
Stocks— Last
Dividend.
1, 1897
July 1, 1888
July,
1920
Sept. 3, 1882
1,200,000
•
233,521
21,011
199,185
24,384
•
976,000
3,000,000
13,943,000
2.231,900
100 Ac.
50
50
■
m
•
1,100,000
7,013,700
50
50
•
m
pal,When Due,
V-
5
7
615,000
1,000
1,000
1,000
1880
1843-9
1857
1836
242,810
5,305
148,583
Cin. Richmond A Ft, Wayne..
Q.-J.
do
do
do
....
J.
J.
J.
J.
J.
A.
J.
J.
J.
A J.
A J.
A J.
A J
A J.
A O.
A D.
A D.
A D.
do
do
do
do
Q.-J.
Oct.
do
July 25,1876
July, 1910
July, 1886
July, 1910
London.
do
July, 1910
Philadelphia, Office.
do
do
1, 1897
Jan. 25,1876
do
do
July 1, 1893
Oct.
Philadelphia A London.
1, 1893
June, 1911
June, 1911
Philadelphia, Office.
June, 1911
An abstract of the report for 1881 presents the business for the year
thus: Total revenue, $3,454,309; operating expenses, $2,430,060 ; net
earnings, $1,024,248; from which extraordinary operating expenses for
construction of tracks, sidings, shops, Ac., amounting to $135,278, are
deducted, making the actual net earnings $888,970. To the latter sum
is added net receipts from rents, $4,835, making a total net revenue of
*1,024,952 $1,208,325
interest, &c
Net income
Deduct dividend on capital stock, 4 per
Balance, beine the surplus for
m
779
779
779
779
Pittsb. Cin. A St. Louis
Total expenses,
.
A.
J.
M.
A.
J.
J.
2,500.000
•
•
100 Ac.
50
50
1857
1868
1869
.
•
•
1880.
roads—
Indianapolis A Vincennes
Cash advanced to
40
287
287
29
779
779
779
779
Loan mortgage.
Loss in operating leased
Erie & Pittsburg
Massillon A Cleveland
50
•
•
1868
debenture
do
•
21
Phila. & Read., coup
Bonds, guar, by
•
1881
1871
287
latmort.*! lunbiiry&E.’(‘extended 20 years In ’77).
Do
6
3
8
5
6
1,324,200
963,000
160,000
bonds
do
3
385,000
147,000
500 Ac.
m
6 g.
1,125,000
100
•
M. A S.
6
6
6
6
$1,230,000
1,500,000
1,500,000
•
100
82
82
mc^tgage (for $2,500,000K
Loan
•
•
Bate per When Where Payable, and by
Outstanding
Whom.
Cent.
Payable
A
Philadelphia tC Halt.
1st
•
Amount
Par
1877
,
PUtmort. tends (payablo $25,666'yearly)" 1!
Howls. class
Bonds, class
INTEREST OR DIVIDENDS.
Size, or
the
$2,376,487 $2,806,183
cent....
1,000,000
480,000
jrear
interest
flirt
vosi-
paid on the funded debt was $1,077,995, leaving
nf
1873.
stock,
Pekin Lincoln A Decatur RR. (formerly leased to the
Decatur Mattoon A So. and the Grayville & Mattoon.
Wabash) and the
1,024,250
963,841
1,374,220
1,029,085
1,099,473
191,604
1,093,720
163,049
1,093,720
162,200
39,410
106,567
37,306
1,077,995
165,345
135,278
45,710
1,296,179
332,338
1,399,793
25,573
1,424,328
395,243
1,331,373
.
453,067
$1,000,000. Net earnings in 1878-9, $599,791; in 1879-80, $915,132;
in 1880-81, $1,000,700. Robert A. Packer, President, Sayre, Pa.
(V.
32, p. 98 ; V. 34, p. 145.)
Peoria Decatur <£ Evansville.—Dec. 31, 1881, owned from Peoria to
Evansville, 235 miles; branch—Stewartsville, Ind., to New Harmony,
Ind., 6 miles; leased, Pekin, Ill., to Peoria, Ill., 10 miles ; through De¬
catur, 3 miles; total, 254 miles. This road is a consolidation of the
1,369,380
4,840
u
Miscellaneous
Lehigh
31, 1882, owned from Bureau Junc¬
road was leased in perpetuity April
14,1854, to the Chicago A Rock Island Railroad at a rental of $125,000
per annum. Officers same as Rock Island.
961,549
2,292
40,296
.
;.
Peoria <£• Bureau Talley — March
tion to Peoria, Ill., 47 miles. The
$
3,454,309
4,835
Disbursements—
V. 35, p. 101.)
Pennsylvania <t New York {Canal and Railway).—November 30,1881,
miles.
1881.
$
3,727,733
878,306
Net receipts—
Net earnings...
Rents
1880.
$
3,091,808
876,111
2,195
.
1879.
$
2,921,060
The
owned from Wilkesbarre, Pa., to New York State Line, 104
Branches to mines, 10 miles. Operated in connection with the
Valiev Railroad.
Common stock, $1,001,700, and preferred
deficit for
INCOME ACCOUNT.
$1,890,487 $1,806,183
registered bonds are secured by deposit of $4,000,000 of Pittsb. Ft.
Wayne & Chicago special stock. The gold bonds of 1921 are secured by
a deposit in trust of the leases of the Pittsb. Ft. Wayne A Chic, and the
Cleve. & Pittsb. railroads and are also guaranteed by the Penna. RR.
Co. The trustees of the mort. are Wistar Morris, Edmund Smith and S.
M. Felton. They were issued to supply funds for purchasing the C. C.
A I. C. bonds and other purposes, and the whole authorized issue is $20,000,000. The sinking fund is 1 p. c. per aim. if the bonds can be bought
at par.
See V. 32, p, 122.—(V. 32, p. 122, 509, 037; V. 33, p. 72,120;
a
34, p. 196, 263.)
Philadelphia Germantown <£ Norristown.—Philadelphia, Pa., to Norris¬
town, Pa., 17 miles; Germantown Branch, 3 miles; Plymouth Railroad,
9 miles; total, 29 miles. The property was leased Nov. 10, 1870, to
Philadelphia A Reading Railroad for 999 years at a rental of $269,623
and $8,000 yearly for organization expenses. Dividends of 12 per cent
per annum are
regularly paid.
Philadelphia Newtown dc New York.—Nov. 30,1881, owned from New
town Junction to Newtown, Pa., 21 miles. Capital stock, $1,200,000
On November 10,1879, the Philadelphia & Reading Railroad purchased
The bonds were 12,012 shares, giving control of the property, and guaranteed the bonds.
On July 10, 1881, Earnings in 1880-81, $51,695; deficit, $23,406.
lines, &c. See V.32, p. 059.
Philadelphia dc Reading.—Main line, Philadelphia to Mount Carbon,
Gross earnings in 1880, $453,118; net, $195,847 ; in 1881, gross, $091,
Pa., 98 miles; branch lines owned, 233 miles; leased lines, 495
€08; net, $230,904. (V. 32, p. 288, 059.)
miles; other lines controlled, 66 miles; total operated, 892 lines. In
Peoria <& Pekin Union.— June 30,1882, owned from Pekin to Peoria,
May, 1879, this company leased for 990 years the North Pennsylvania
10miles; leased, Peoria to Pekin, 9 miles; total operated, 19 miles. Railroad and Delaware A Bound Brook Railroad, and at same time gave
The road is a union road, and the stock of $1,000,000 was taken by up the Perkiomen Railroad. (See terms of lease under names of those
the different Peoria RR. companies.
Opened Feb., 1881, and gross companies.) The Berks County RR. was purchased at foreclosure and
income to June 30, $135,898; net, $40,626.
paid for in bonds. The main business of this company has been the trans¬
portation of anthracite coal. The Philadelphia & Reading Coal & Iron.
Perkiomen.—Nov. 30, 1881, owned from Perkiomen June., Pa., to
formed (Dec. 12,1871) for the purpose of own¬
Emaus June, 39 miles. The road was leased for 19 years from Aug. 1, Company is a corporation
ing and working the extensive coal properties of this
The
1868, to Phila. & Read’g RR. , and bonds guaranteed by the lessees; but Philadelphia & Reading RR. Company owns all the stock ofcompany. Iron
the Coal A
the property was surrendered and all control given up in
May, 1879. Company, and the trustees of the general mortgage of 1874 hold the bonds
One-lialf the interest on the consolidated mortgage was paid for three of the Coal &
Iron Company. Between 1870 and 1876 this corporation
years in Philadelphia A Reading scrip, according to the Philadelphia increased
heavily its capital account in the purchase of new properties,
A Reading compromise. Stock, $38,040. Net earnings in 1880 were
and after paying 10 per cent dividends for some years ceased to pay
$118,602; in 1881, $123,129. (V. 32, p. 101.)
after January, 1876. The company was unable to meet all its obliga¬
tions, and
Peterborough.—Sept. 30,1881, owned from Wilton to Greenfield, N. H., Periokmenin March, 1877, holders of the general mortgage bonds and
11 miles. Completed Jan. 1, 1874. and leased by Nashua A Lowell
guaranteed bonds agreed to take one-half their coupons for
6 per cent scrip;
debenture
20 years
?oilroa(^ *or withheld from 1873 at 6 per cent on cost of the road. In three years in 6 per cent scrip inand holders of convertible and five years.
bonds to take
1879 lessees
payment of their coupons for
rental, but a suit was decided in favor of Peter¬
The scrip is convertible into income mortgage bonds.
borough. James Scott, President, Peterborough, N. H. (V. 32, p. 16.)
In May, 1880, the company suspended payment, and on May 24
Petersburg.—Petersburg, Va., to Weldon, N. C.f 63 miles. In May, 1877 Franklin B. Gowen. Edwm M. Lewis and Stephen A. Caldwell were
h Receiver was
appointed and foreclosure sale was decreed April 20 appointed Receivers of the railroad and coal companies. (See V. 30, p.
1880, but steps were taken by second mortgage bondholders to prevent 567.) At Philadelphia, July 1, a bill was filed for the foreclosure of the
■a sale, and
reorganization was made with above bonds, and $323,500 general mortgage of 1874. Interest was paid in full^only on the consoli¬
pref. stock and $1,000,700 com. stock on Dec. 31,1881. In 1881 gross dated mortgage of 1871 and prior mortgages. Certain interest was paid
earnmgs were $306,057; net, $123,074. (V. 32, p. 232,444, 501,613, on the coal land mortgages at reduced rates, and the July, 1881, coupon,
on the general mortgage was paid Feb. 10,1882.
The contest as to the
€86; V. 34, p. 178, 377.)
annual election, the litigation as to the bond schemes, Ac., the defeat of
placed
on N. Y. Stock Exchange in Sept.,
voted to issue $2,400,000 new stock for new
Philadelphia <£ Baltimore
1880.
Central.—Phila. to Westchester, 26 miles;
Westchester Junction to Octoraro Md., 46 miles; leased Chester Creek
Railroad, 7 miles, and Columbia A P. Deposit Railroad, 4 miles; total
operated, 83 miles. This was a consolidation, Oct., 1881, of the Phila.
& Balt. Central and the
Westchester A Phila. railroads. Of the new
stock Phila. Wil. A Balt, holds
$1,669,400, and $615,000 of the bonds.
■Philadelphia <6 Erie.—Dec
31,1881, owned from Sunbury to Erie, 287
Fonnerly Sunbury & Erie RR. It was leased to Penn. RR. for 999
years from
January 1, 1862, the lessees to pay 30 per cent of gross
rAnM
f
*as rentak but modified January 1, 1870, so that actual net
receipts are paid as rental. The consolidated mortgage is guaranteed by
we
Pennsylvania Railroad. The unpaid coupons or $2,086,200 are held
tewee for advances. East annual report was in Y. 34
263.
Mr. Gowen in 1881 and his success in January, 1882, have been referred
to at much length in the Chronicle on the pages indexed below.
Prices of
ipm
Philadelphia A Reading stock in Philadelphia, have been:
1882.
Jan
Feb
March...
33V2938
April....
May
June.^...
3214-2738
2938-2718
3034-2618
3218-2712
32V25%
1882
1881.
34V
26%35V
32V
303a-
2534
26
28%
253s
26^2
30V 28
July
August..
Sept’ber.
October
Nov’ber
Dec’ber..
.
.
31%-2*778
1881.
30 V 28*3
33V
363s37V
34V
29»*
2913
307g
3214
35V 31%
The annual report for ’80-81 was published in Chronicle, Y. 34, p.
The following table shows a comparison between the results of
two years’ operations. The earnings of the railroad company for
flaoal year ending Nov. 30, were as follower'
30.
the
tbd
RAILROAD
xlviii
Subscribers will confer a great favor by
Date
Size, or
of
Par
Bouds Value.
Miles
explanation of column headings, Ac., see notes
Road.
on first page of tables.
Philadelphia dt Beading—(Continued)—
Debenture loan (convertible 1870-92), coup
Improvem’t mort., $ or £, sink’g fund, coup
Gen. mort., $ and £ (sink, fund 1 p. c. yearly)
Income mortgage (for $10,000,000)
Debenture and guar, bonds, 6 per cent cur’cy scrip
Gen. mort. and Perkiomen 6 per cent ster’g scrip
Bonds for Berks Co. Railroad
Deferred income bonds (for $34,278,175)
Coal & Iron Co., guar. mort. (for $30,000,000). ..
do
debentures, guaranteed
Philadelphia dt Trenton—Stock
Philadelphia Wilmington dt Baltimore—Stock
Plain bonds, loan
1879-0
?
....
26
112
do
do
do
Pitts. C. dt St.L.—1st M., consol., l eg.
2d consol, mortgage
1st mortgage, Steubenville A Ind.,
Col. A Newark Division bonds
reorganized...
Holliday’s CoveRIi. mortgage bonds
^
B
C
D
E
F
G
H
yr.)..
..
I Bonds
all cou
pon, but may be made pay¬
able to order.
)
..
..
..
..
)
..
-1879-80.
Railroad traffic...$10,938,886
Canal traffic
873,244
607,040
Steam colliers
Richmond barges.
100,627
7
6
6 g7
6
6 g.
3, 4, 5, 6
800i000
L000
1,000,000
800,000
1,000
1,000
1,000
6,863,000
2,500,000
3,000,000
134,000
1,000
1,000
5
6 g.
7
7
6
7
6
7
$18,612,440
860,000
860,000
919,105
667,153
80,544
the report:
both inclusive, were given its follows iu
Gross
Op. Exp. and
Rentals.
1875..$24,038,932 $19,989,430
Net
Revenue.
Int. A Sink’g
Funds.
Deficit.
$1,814,415
$4,049,502 $5,803,918
23,539,039
2,853,540
5,892,792
3,039,246
1876..26.392.586
1877.. 24,508,324
20,758,403
3,749,920
6,392,407
2,642,486
18,428,092
3,594,327
7,012,442
3,418,11
1878.. 22,022,419
23,493,880
7,052,760
1879.. 26,937,880
3,444,005
3,608,754
5,494,978
7,542,073
2,047,094
1880.. 32,177,003
26,682,024
6,088,348
7.400,092
777.743
28,598,114
1881.. 35,286,403
—(V. 32, p. 16, 17, 44, 70, 101. 122, 156, 184, 200, 232, 289, 313, 336,
396, 407, 422, 430, 445, 409, 488, 527, 539, 578, 613, 686; V. 33, p. 12,
23, 93,102, 123, 154, 177, 202, 226, 256, 329, 385, 412, 433, 470, 502,
588, 745; V. 34, p. 30, 32, 60, 87, 115, 205, 231, 205. 292. 310,345,
378, 409, 461, 479, 509, 549, 005, 715 ; V. 35, p. 44, 132, 189.)
Philadelphia dt Trenton— Kensington, Pa., to Morrisville, Pa., 26
miles. On Dec. 1, 1871, it was leased with the United Companies of
New Jersey to the Pennsylvania Railroad, at 10 per cent on stock, and
is operated as a part of its New York division.
Philadelphia Wilmington <6 Baltimore—Dee. 31, 1881, owned from
Philadelphia, Pa., to Baltimore, Md., 90 miles; Port Deposit Branch, 4
miles; Southern Division to Rodney A Newcastle, Del., 12 miles; total,
main line and branches, 112 miles; Delaware Railroad (leased), 95
miles; total operated, 207 miles. Owns over half the stock of the Phil.
A Balt. Central road.
In April, 1881, nearly the whole stock was purchased and is held,by
Penn. RR. Co. Operations and earnings for live years past were:
Gross
Net
Div’d
Passenger Freight (ton)
Mileage.
Mileage.
Earnings. Earnings, p. et.
Years.
Miles.
1870-7... Ill
59,100,438 42,089,750 $2,910,250 $1,101,216
8
112
00,504,494 40,080,501
2,000,440
8
1,095,103
1877-8...
112
1878-9...
02,102,597 58,140,546
2,849,919
1,282,178
8
112
71,073 502 07,301,041
3,263,110
1,300,223
8
112
3,551,881
80,79 4,100 72,503,794
1,231,081
8
—(V. 32, p. 68, 232, 200, 289, 422; V. 33, p. 218; V. 34. p. 59.)
Pittsbtirg Bradford dt Buffalo.—Road in progress (narrow gauge) from
Foxbltrg and Eihlenton to Clarion and thence to Kane, PaM 103 miles,
of which 88 were finished in Dec., 1881. Bonds issued at $8,000 per
mile.
Stock authorized, $1,000,000,
par $100; issued, $550,000.
Earnings in 1881-82, $70,785; net, $20,023.
Charles W. Mackey,
President, Franklin, Pa. (V. 33, p. 359, 730; V. 35, p. 51, 133.)
Pittsburg Cincinnati <£ St. Louis.—December 31, 1881, owned
from Pittsburg, Pa.,
Ohio, 193 miles; branch to
to Columbus,
Cadiz, Ohio, 8 miles; total, 201 miles.
This was a consolidation
of several companies, May 1, 1808, including the Steubenville A
Indiana and the Pan Handle roads.
This company is controlled
by the Pennsylvania Company, through the ownership of a majority of
its stock. This company also holds leases of the Kittle Miami and its
dependencies and of the Columbus Chicago A Indiana Central* road,
which are operated by the Pennsylvania Company, and their earnings
separately stated. Common stock, $2,508,000; first nreferred. $2,929,200; second preferred, $3,000,000; par value of shares, $50.
The
interest on the second mortgage bonds, due from October 1, 1875, to
April 1. 1878, inclusive, was paid in 1880.
Comparative statistics for four years were as follows:
.
.
INCOME
ACCOUNT. *
1881.
$
1880.
1S78.
Beeeipts—
Net earnings
Rentals and interest.
Net from leased roads
All other accounts
...
Total income
Disbursements—
Rentals paid
Interest on debt
Other interest
Miscellan’s accounts.
Jilt, oil C.A M.Yal.luls
Loss on St.L.V.A T.1I.
Balance, surplus
Total../
*
1879.
$
1,180,763
24,854
$
$
1,599,502
2,032,682
14,022
711,400
10,041
22.070
017,858
532,090
2,325,050
2,690,581
1,864*673
449,088
401,839
2,123,144
$
828,127
009,790
132,944
283,390
105.000
$
819,404
840,709
181,777
801,043
842,480
130,980
174,944
.
■
e
•
•
.
.
.
105,000
27,24 L
105,000
3b 093
105,000
10,144
412,002
2,123,144
2,325,050
2,090,581
1,804,673
05,200
Exclusive of Col. Chic. A Ind. Ceut.
1,309,313
$
$
821,299
833,025
A
A
A
A
A
A
A
J.
Philadelphia, Office.
O. Philadelphia or London
J. London A Philadelphia.
D.
Philadelphia, Office."
do
do
J.
J. London A Philadelphia.
N.
Philadelphia, Office.
170,445
745,808 def. 258,782
Philadelphia, Office.
Q.-J.
J. Philadelphia A Boston.
do
do
O.
O. Phil’delphia, Co.’s Office
do
do
O.
do
' do
D.
0. N.Y., Nat. Bk.Republic.
A. Phila., Pa., RR. Office.
do
do
O.
M’nthlv N. Y., 21 Cortlandt St.
do
do
J. A J.
J.
A.
A.
A.
J.
A.
F.
A.
A
A
A
A
A
A
A
&
,
7
7
7
7
7
7
7
7
J. A J. Balt.,
A Ohio RR.
F. A A. Pittsb., First Nat. Bank
J. A J. Lomh n.J.S.Morgan ACo
Q.-J. N. Y., Winslow, L. A Co.
do
do
Q.—J.
do
do
J. A J.
do
do
F. A A.
do
do
M. A S.
do
do
A. A O.
do
do
M. A N.
do
do
J. A D.
do
do
J. A J.
do
do
F. A A.
GENERAL. BALANCE AT
Earnings.
$8,122,493
439,408
287,770
2,710
Earnings.
223,589
2,444
875.000
J.
A.
J.
J.
J.
J.
M.
pal,When Due.
Payable, and by
Whom.
Payable
1878.
Net
Earnings.
$7,091,395
455,827
7,698,900
875,000
875,000
875,000
875,000
875,000
Where
Bait.
6
6 g.
Stocks—La^
Dividend.
Jan.
Oct.
$
Assets—
Stocks owned, cost...
Bonds owned, cost...
Betterm’ts to l’sed r’ds
Bills A acc’ts rec’vable
1, 1893
1, 1897
July 1, 1908
Dec.
1, 1896
July, 1882
July, 1882
May 1, 1898
1892 to ’94
1892
July 10, 188'
July 1, 1885
April, 1887
Oct.
1. 1895
April 1. 190(
June, 1910
April 1, 191]
Aug. 1, 190(
April 1, I9is
May, 1884
Jan.. 1900
1893
July, 1898
Aug. 1, 1885
Jan. 1, 192(
July 5. 1885
July 1. 1885
July 1, 1915
July 1, 1915
July 1, 1912
July 1, 1912
July 1, 1915
July 1. 1915
July 1, 1912
July 1, 1912
CLOSE OF EACH FISCAL YEAR.
1881.
1880.
1879.
$
$
$
Railroad,equipm’t,Ac 19,942,295
57,298
317,855
651,071
1,361,789
517,928
92,312
19,942,295
58,399
317,855
600,293
1,202,432
19,942,295
58,399
283,000
706,241
1,076.528
025,859
462,183
64,039
19,979,033
58,399
283,000
835,376
980,133
732,474
297,465
64,639
376,393
Total assets
Liabilities—
04,039
541,007
237,543
04,039
291,868
37,504
23,297,655
$18,520,403 $8,373,255 $20,279,244 $8,852,443 Materials, fuel, Ac.*..
Cash on hand
The joint statement of the railroad and the coal and iron companies,
Add’ns to Cin. 8. C.Ry
showing the earnings and expenses, the fixed charges for interest,
Profit A loss balance.
rentals and sinking funds, and yearly profit and loss from 1875 to 1881,
Revenue.
Bonds—Prfnrt
....
19.714,285
100
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
When
2*3
4
6
6
6
Total
Year.
discovered In tbese Tables.
Various London A Philadelphia.
M. A 8.
Philadelphia, Office.
7
7
4,000,000
320,600
6,292,000
1,000
100 Ac.
£200
1880-81.-
—
,
Gross
....
....
$100
1871
1862
1862
1802
1862
180,2
1802
1802
1802
Net
Gross
Earnings.
.
1808
1859
1870
149
10
149
408
468
468
408
468
408
408
468
468
408
Pittsburg Ft. Wayne dt Chicago—Stock, guar
Special improvement stock, guaranteed
do
do
do
do
do
do
do
Outstanding
Rate per
Cent.
120,000
Pittsb. dt Connellsville.—\e>t mortgage
1st
Turtle Creek division
do
Consol, mort., guar. B. A O. (s. f. £7,200 pr.
do
do
do
do
do
do
do
1875
1880
1881
1868
1873
1804
1804
88
200
200
117
33
and coup
Amount
$1,000 $10,499,900
9,304,000
1,000
19,086,000
1,000
1,000
2,454,000
10 Ac.
3,472,973
90 Ac.
1,832,700
580,000
(?)
187*2-4 1,000 13,030,500
1872
1,731,000
100
1,259,100
50
11,795,050
1807
1,000
1,000,000
1872-4
700,000
1,000
1873
1873
1874
1876
1877
1877
1878
745
750
Pittsburg Bradford dt Buffalo—1st mort.,coup., g’ld
let
1st
1st
1st
1st
2d
2d
[Vol. XXXV.
giving immediate notice of any error
of
do
do
do
BONDS.
AND
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
STOCKS
23,062,567
23,219,144
23,606.912
2,508,000
5,929,200
2,508,000
5,929,200
f2,508,000
t5,929,200
12,497,000 12,497,000
720,893
888,783
184,001
202,500
65,590
784,754
891,189
184,001
262,500
64,849
97,051
12,617,000
1,118,636
$
2,508,000
5,929,200
Stock, common
Stock, preferred
Bds. (see Suitlem’t).
All oiher dues A acc’ts
Due Little Miami RR.
Due C. C. A I. C. RR
Cin. Street Conn. bds.
.
Miscellaneous
Prolit A loss balance.
12,497,000
950,898
888,808
134,601
262,500
70,048
"
Total liabilities.
23,297.055 23,062.507 23,219.144
Includes supplies March 31, 1875, transferred.
t Of which $379,150 common and $2,950
.
853,890
184.601
262,500
133,085
23,606,912
*
stock unconverted.
preferred is Steub. & Ind.
34, p. 292, 345, 486; V. 35, p. 133.)
Pittsburg dt Conncllsville.—Sept. 30, 1881, owned from Pittsburg, Pa..»
to Cumberland, Md., 147 miles; branch, 2 miles; leased lines, 22 miles’
total, 171 miles. On Dec. 13 1875, the property was leased to the Balt*
& Ohio RR., and possession given Jan. 1, 1870. The rental is interest
The city of
on the debt and £7.200 sterling as an annual sinking fund.
Baltimore trausfened its interest to the Baltimore & Ohio Railroad for
$1,000,000, and the consolidated sterling mortgage was made and guar¬
anteed bv the Baltimore A Ohio. It is operated as the Pittsburg Division
of the Baltimore A Ohio Railroad. In February, 1880, a judgment in
favor of Baltimore A Ohio Company was confessed for $4,354,748.
Stock
is $1,944,400. In 1879-80 the net earnings were $1,011,827; in 1880-81,
-(V. 32, p. 155, 498 ; V.
$1,124,473.
Pittsburg Fort Wayne dt
Chicago.—Dec. 31,1881, owned from Pittsburg,
and
Pa., tdChic., Ill., 408 miles. The company made default Oct. 1. 1857,
again in 1859. and was foreclosed Oct. 24, 1801, and reorganized under
this title Feb. 20, 1802. On June 27, 1809, the company leased all its
road and property to the Penn. RR. at a rental equivalent to
sinking fund of debt, and 7 per cent on $19,714,280 stock, which was
increased at that time from $11,500,000.
The lease was transferred
interest,
subsequently to the Pennsylvania Company. The lessees are to keep
the road in repair and also pay taxes, expenses, Ac. The Pittsburg Ft.
Wayne & Chicago leases the Newcastle & Beaver Valley and the Law¬
rence roads, which in turn are leased again by the Pennsylvania Com¬
pany.
Of the 1st mortgage bonds, $1,190,000, and of the 2d mortgage
$1,258,000, and $399,813 cash, were held in the sinking funds Jan. 1,
1881. The special improvement stock is issued to Pennsylvania RR.
or improvements, Ac., under article 10 of lease, viz.:
“Article 10. The party of the first part hereby agrees that, for the
to meet the obligations
making from time to time
Fort Wayne
increased business
by additional tracks and depots, shops and equipments, and the substi¬
tution of stone or iron bridges for wooden bridges, or steel rails for iron
rails, the party of the first part will issue, from time to time, a special
stock, which shall bear such name as shall be hereafter agreed upon, or
bonds, or other securities, which shall lie issued in such form as may,
from time to time, be found to be most available with respect to economy
of interest and negotiability, and shall be consistent with the legal
powers of the party of the first part and the rights secured by these
presents, which special stock, or bonds, or other securities, shall he
issued on the conditions following: The said party .of the second part
shall guarantee the payment, semi-annually or quarterly, thereon ol
such rate of interest as may be agreed upon between the parties hereto,
to be paid by the said party of the second part to the holders thcreoi
without deduction from the rent hereinbefore reservedand the sam
special stock, or bonds, or other securities, shall be issued only in respect
to impri
improvements of and additions to the said railway which, and esti-
mrpose of enabling the party of the second part
)f the party of the lirst part to the public, by
such improvements upon and additions to the said Pittsburg
A Chicago Railway, in the extension of facilities for
mates and specitications of which, shall have been submitted to ana
mien
i.v
..... .... ..
o
.
approved by the said party of the lirst part in writing;> and all ,, h(J
............... v,.
improvements or additions shall be made in such manner as shall do
approved by the said party of the lirst part. Tim party of the first part
shall not at any time, during the term aforesaid and the continuance oi
this lease, make or issue any bond or obligation, in addition to theboiuw
hereinbefore specified, except subject to this.lease, without the eon&eM
in writing of. the said party, of the second part lirst had autj^bj/vjn^#
tiieieimto.’’
KAILKOAD
1882. J
August,
on
headings, Ao., see notes
Gf tables.
Ohicago-
Ft. Wayne d
Pittsburg
18709.
column
tirafc page
mortgage,
2d
do
do
do
Bonds
if
be
series
do
pon,
M
do
Date Size, or
Miles
of
of
Par
Road. Bonds Value.
(Continued)—
I
K
do
2d
2d
2d
all
cou¬
but may
madepaya-<
ble to order.
& Chic, construction bonds!
Eauipmeut bonds (renewed).
Pittsburg d Lake Erie Stock
1st mortgage, gold, coupon
Pituo Va. d Charleston—1st mortgage, gold
putabura Youngstown d Chicago—StocK
PoSZg d Western.- 1st mort., g. (for $6,000,000)
Ft. Wayne
Pittsburg,
468
468
468
468
468
Royal d Augusta-1st mortgage
General mortgage bonds, coup.
70
70
30
’*27
T>oft
Portland d Ogaensb.—1st mort.,
Mortgage \for $3,300,000)
60
94
gold
Falls d Conway—Stock
Poughkeepsie Hartford d Boston— 1st and 2d mort.
Providence d Spring/.—1st M. tend, by City Prov.).
Providence d Worcester—Stock
51
11
71
71
42
23
67
Portsmouth Ot.
mortgage
New bonds
--
....
97
40
40
2d mortgage, coupon
Debentures
15
181
79
Lancaster A Reading, 1st mortgage
Rensselaer d Saratoga—Stock
1st mortgage, consolidated (for $2.000,000)
Freight (ton)
Mileage.
Mileage.
Miles.
468 76,466,488
468 77,819,493
468 86,406,476
468 104,287,111
468 130,470,469
439,998,281
637,470,506
803,053,260
806,257,399
A
A
A
A
A
A
A
S. N. Y., Winslow, L A
do
do
O.
do
do
N.
do
do
D.
do
do
O
do
do
J.
do
do
S.
Co. July 1, 1912
July 1, 1912
July 1, 1912
July 1, 1912
July 1, 1912
Jan. 1, 1887
Mch. 1, 1884
1878
1,000
1.000
2.000,000
7 g.
J. A J.
A. A 0.
1,000
4,000,000
(?)
500,000
6 g.
J.
A J.
New York.
July 1, 1921
6
6
9 g-
J.
J.
J.
M.
A J.
A ,T.
New York Office.
do
Jan. 1, 1899
Jan. 1, 1899
Jan., 1900
50
....
1881
50
724,276
500,000
100 Ac.
100 Ac.
500 Ao.
100 Ac.
1878
1878
1870
1871
100
100
100
500 Ac.
A
1877
1875
1872
2,000,000
800,000
2.268,000
525,000
1,500,000
3
3
3
770,000
187-9.03
1.000.000
....
4ia
535,000
500,000
2,500,000
1,242.000
100
...
1877
6g.
769.000
1,000
1873
1862
1864
1877
1873
100 Ao.
100
1,000
1871
bonds only
N.Y., Chemical Nat. Bk. July 1. 1928
April 1,1902
Philadelphia.
A J. Portland, Treas. Offloe.
do
do
A N.
J. A
J. A
J. A
J. A
Boston, Office.
J.
Portsmouth, Treas,
J.
J. Bost., Eastern RR. Co.
do
do
D.
7
A J. Providence,Am. Nat.Bk
Providence, Offloe.
A J.
do
do
7
3
6
650,000
350,000
1,000,000
350,000
6,851,100
1,925,000
J.
J.
8
5
7
7
7
4
7
820,000
1,000
100 Ao.
1.000
past were as follows:
Passenger
o g.
2,000,000
M.
A.
M.
J.
A.
J.
Kf.
Stocks—Last
Dividend.
100,000
1,000,000
2,039,250
2.000,000
mort. only
the balance being in the sinking funds. Operations and
earnings for five years
Years.
Ac.
Ac.
Ac.
Ac.
Payable
1,000
1,000
The lease has been profitable to the lessees. Of the 1st mort.
$4,054,000 were outstanding Dec. 31,1880, and of the 2d
$3,902,000,
500
500
500
500
pal,When Due.
Payable, and by
Wliom.
Where
When
7
7
7
7
7
7
8
$960,000
860,000
860,000
860,000
$500Ac.
1862
1802
1863
1862
1862
1857
Rate per
Cent.
1,873.600
Raleigh d A ugusta—Stock ($1,000,000 pref.)
Raleigh d Gaston—1st mortgage
Reading d Columbia— 1st mortgage, coupon
;$
Outstanding
52*3
Portland d Rochester-Stock ($600,000)
Portland Saco d Portsmouth—Stock
Portsmouth d Dover—Stock
1st
Amount
1874
....
23
112
pOrt Jervis d Monticello—Stock
*
Bonds—Prinol
INTEREST OR DIVIDENDS.*
description.
For expn*
xlix
BONDS.
AKD
STOCKS
J. A J. Phila.,Pu.,A RaTgli,N.C.
M. A 8. N. Y., Union Nat. Bank.
J. A D. Columbia, First Nat.B’k
....
J. A J.
Phila., Co.’s Offloe.
J. A J. N. Y., Nat. B’k Com’roe.
MAN. N.Y., Del. A H.Canal Co.
Portland Saco d Portsmouth.--Portland, Me., to
It was leased May 4,1871, ts the Eastern
per cent, on stock. Lease rental changed May
miles.
per
No debt.
cent.
Nov., 1901
July
i5, i882
1, 1882
July 15, 1873
June 1, 1937
Jan.
1905
July 1, 1892
July 1, 1882
1897
Jan., 1898
1912
Mch. 1,
June, 1884
Dec. 1, 1917
July 1, 1893
1, 1882
July
Nov.. 1921
Portsmouth, N. H., 51
Railroad, Mass., at 10
21, 1877, and now <5
Div’d
Net
Portsmouth d Dover.—Portsmouth, N. H., to Dover, N. H., 11 miles.
Earnings.
Earnings, p. ct. Opened February 1, 1874, and leased for 50 yoars to Eastern of New
$7,020,545 $2,956,147
Hampshire at 6 per cent per annum on the stook. Operated now by
Gross
7,872,476
8.461,563
lu,096,819
1,044,447,161 10,741,490
3,529,085
3,720,298
4,778,210
4,883,005
Eastern
A suit as to rental was
(Mass.)
Portsmouth, N. H.
Jones, President,
Portsmouth Ch’eat Falls d Conway.—Owns
Frank
decided April, 1880.
from Conway Junction, Me.,
Railroad in Massa¬
1,1878,
483
cent on
which
Pittsburg d Lake Erie.—Dec. 31, 1881, owned from Pittsburg, Pa , to
Youngstown, O., 68 miles; branch lino to Newcastle, Pa., 2 miles; total, $1,000,000 bonds, and the stoek is to receive the same dividends as the
stock of the lessees. ‘Total stock, $1,150,300, of whioh lessees own
70 miles. Opened Feb. 1,1879. On Dec. 31,1881, equipment notes and
temporary loans were $403,990. Gross earnings lu 1880, $841,256: $551,300.
net, $442,2 44.
In 1881 gross, $1,041,063; net, $608,764. (V. 33, p.
Ponghkecpei: Hartford d Boston.—Sept. 30,1881, owned from Pough¬
62,101; V. 34, p. 59; Y. 35, p. 103.)
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,
Pittsburg Virginia d Charleston.—From Birmingham, Pa., to Browns¬
ville, Pa., 53 miles.
The stock is $1,504,900. The bonds, $2,000,- 1875, and the present compauy organized. It connects with the Connec¬
ticut Western RR.
In 1879-80, earnings,
The stock is $850,000.
000, besides $208,100 debt certificates, and of the stoek $1,251,050,
are owned by the Penn. RR.
Net earnings In 1881 were $127,141, $56,101; expenses. $50,012. In 1880-81, earnings, $59,232; expenses,
$54,815. G. P. Felton, President, Poughkeepsie, N. Y.
against $65,851 in 1880.
Providence d Springfield.—Providence, R. I., to Pasooag, 23 miles. It
Pittsburg d Western.—The mortgage was executed Oct. 1, 1881, to the
Mercantile Trust Co., covering the projected line from Allegany City. is proposed to extend the road to Springfield, Mass., 80 miles. Stook is
Pa., to Youngstown, O., and Newcastle, Pa., to Red Bank, Pa., and $517,150. In 1879-80, gross earnings were $88,125; net. $39,304. In
Junction to Parker, Pa., in all about 200 miles. Also the rights secured 1880-81, gross, $89,328; net, $42,485. William Tinkham, President,
by the contract of the Wabash, Central of New Jersey and Rochester Providence, R. I.
& Pittsb. combination. Stock, $6,00o,000. (V. 34, p. 461; V. 35, p. 103.)
Providence d Worcester.—Sept. 30,1881, owned from Providence, R. I.
to Worcester, Mass., 44 miles; branches, 7 miles; leasodMilford A Woon
Pittsburg Youngstown d Chicago.—(V. 33, p. 75; Y. 34, p. 461; V. 35,
socket RR. and Hopkinton RR., 15 miles; total operated, 66 miles. In
p. 103.)
1881 new stock for $500,000 issued for improvements, and stockholders
Pomeroy d Newark.—Pomeroy, Pa., to Newark, Del., 27 miles. For¬ have the right till July 1,1881, to take one new share tfc par for each four
merly Penn. A Del. RR., then Pomeroy & State line, then reorganized shares owned. Operations and earnings for five years past as follows:
to North Conway, N. II., 71 miles.
The Eastern
chusetts has made a lease of the road for 60 years from December
with a guaranteed rental of $45,000 a year,
pays
per
-(V. 32, p. 577.)
-
•
in 1881
as
above.
Operated by Pennsylvania Railroad.
Years.
Port Jervis d Monticello.—Sept. 30, 1881, owned from Port Jervis, N.
Y., to Monticello, N. Y., 24 miles. Formerly the Monticello A Port
Jervis RR., which wai sold in foreclosure July 16,1875, and reorganized
ssthe present Port Jervis A Monticello. Gross earnings in 1879-80, $29,128; net. $6,545; in 1880-81, gross, $28,171; deficit, $15,018. The
stock is $724,276, Issued to the former holders of first mortgage bonds.
Port Royal d Augusta—Sept. 30, 1881, 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 ol<l
bonds. The stock is $750,000, and in June, 1881, a controlling interest
purchased by Central Georgia RR. parties. There are also $50,<i)0
equipment bouds.Tlie report for 1880-81 gave earnings, Ac., compared
with 1879-80, as follows:
.
was
1870-80.
'
1880-81.
Gross earnings
Operating expenses
$3u9,634
222,631 *
$356,085
241.198
Net earnings
$87,000
$114,887
-(V. 32,
p.
356; Y. 33, p. 580, 621.)
Passenger
Mileage.
Miles.
1876-7.... 66
L877-8....
1378-9....
1ST9-80
t880-81
..
..
66
66
66
66
13,592,849
13,971,108
13,753,392
15,941,739
17,439,529
Freight (ton) Gross
Earnings.
Mileage.
18,862,705 $904,635
865,792
17,916,241
914,476
19,286,814
23,669,729 1,064,801
22,211,710
Net
Earnings.
1,039,671
$245,299
285,731
364,049
332,813
303,457
-(V. 32, p. 206; V. 33, p. 561.)
Raleigh d Augusta.—July 31, 1881, owned from Raleigh, N. O., to
Hamlet, N. C., 99 miles. Formerly Chatham Railroad, and is controlle
by Raleigh A Gaston. Earnings 1880-81, $206,738; net,
Raleigh d
fcl,500,000.
d
$72,021.
Oaston..—From Raleigh to Weldon, N. C.. 97 miles. Stook,
Dividend of 3 per oent paid October, 1881. Earnings for
five years were as
follows:
Net
Gross
Miles.
1375-6
L 876-7
1377-8
1878-9 (14 months)
L890-31
Earnings.
97
97
97
Years.
$242,245
97
97
234,511
242,478
295,051
439,785
Earnings
$88,701
'
85,750
107,185
115,343
53,364
Reading d Columbia.—Nov. 30.1881, owned from Columbia to Sink¬
Portland d Ogdensburg.—Sept. 30, 1SS1, owned from Portland Me.,
ing Springs, Pa., 40 miles; branches, 8 miles; Lancaster A Reading
Fabyans, 91 miles. It reaches the Vermont Division (now St. Jolmsbury & Lake Champlain) by using 14 miles of the Boston Concord & Railroad, leased, 15 miles; total operated, 63 miles. Stock, $958,208.
Montreal RR. and a 3-mile link of its own. The city of Portland owned The road Is controlled and operated by Philadelphia A Reading, hut
a
controlling interest in the stock, which Is $1,052,186. A suit in accounts kept separate. The first mortgage 7 per cent bonds, due
equity was begun by holders of the 1871 mortgage in February, 1881, 1882. were extended 30 years. Gross earnings In 1880-81, $394,184 ;
out contested by the
city. Earnings of this road for five years past net earnings, $138,794; payments for interest and rental, $94,500. (V.
,
to
were as
34, p. 282.)
follows:
Years.
1876-7....
1.877-8
-(V. 32,
Gross Eam’gs.
Miles.
p.
Portland
Net Eam’ers
$262,764
206
;
$69,431
270,783
271,493
292,659
304,245
94
94
94
88,574
92,295
102,695
91.077
V. 34, p. 113, 522 )
Rochester.—Sept. 30,1881, owned from Portland, Me., to
The old company was put In the hands of
February, 1877. Foreclosure suit was begun, but a settle£2L^a8'madestock of by whichcompany. Gross and bonds were con*n ]881
all the old stock
1*16
the new
earnings in 1879-80,
d
Rochester, N. H., 53 miles.
a
Receiver
1*62.G33; net, $24,728. In 1880 81
32,p. 181; V, 33,
p.
461; V. 34,
p.
gross,
175.)
$168,328; net, $15,034 (V.
Whitehall,
Island,
1 mile; to Glens Falls, 6 miles; to Castletown, Vt., 14 miles; to Rutland,
Vt., 62 miles; Balston to Schenectady, 15 miles; total line and branches,
Rensselaer d Saratoga.—Sept. 30,1881, owned from Troy to
N.Y., 73miles; brandies, Albany to Waterford, 12 miles; to Green
Delaware A
8 per
183 miles. It was a consolidation of several lines, and the
Hudson Canal Co. leased the whole March 1,1871, at a rental of
cent on the stock and 7 per cent on the bonds. Operations and
ings for four years past wrere as
Years.
Miles.
183
-CV.32, p. 98.)
follows:
Passenger
Mileage.
Freight (ton)
Mileage.
19,536,543
21,797,913
23,427,570
38,809,900
54,333,707
55,§89,982
earn¬
Gross
Net
Dlv.
Earnings. Earnings, p.c.
1,486,456
8
379,279
1,824,318
865,372
8
1,922,002
762,637
8
RAILROAD
Subscriber* vtJII coiHer
a
on
Milts
Leadings, Ao.#
«n
beoiiU..«.t>
t
.azo,
do
Amount
Far
Value.
Out-stnuiling
1880
$1 ,ooo
1,000
ioo
111
1-. 1
4 8
OP
38
38
...
,
1867
J
6
6 g.
M. A N.
J. A J.
1832
18* 8
l.ooo
],00 >
1.01)0
1.000
1873
18 3
1880
4, OV.OuO
100,066
500,(KK)
90u,()i 0
400,000
58.216
316,591
150,000
3i 10,000
3
0
8
1,000
,
25
25
25
100
18
108
»
.
iuo
1870
1875
120
120
100
1st mort gage
Rome Watertown A Ogdens burg—Btock
.'
1st sinking fund more. Wat. & K. (oxtended)
General mortgage, sinking fund
2d mortgage
Consol, mort., (extended July, 1882, at 5 per
Income bonds
ct.).
Syracuse Northern (gold)
45
1,000
A. A
do
do
A. A O.
do
do
do
1831
1881
1881
1,000
1,000
do
6 g.
6
7
6
1878
1855
1861
1872
1874
1882
1871
1,000
1.000
2*2,
1,500,000
150,000
5,293,900
418,500
1,021,500
1,000,000
5,500,000
2,250.000
500,000
25,000
100
100 Ac.
500 Ac.
1,000
1,000
Alleghany.—March 31, 18s2, owned from Riohmond to
Va,with branches to Lexington, 250 miles, and leased
HenricoRR., Lorraine to Hungary Station, 11 miles; total operated,
261 miles
The company owns hy purohuso the property and fran¬
chises of the James River A Kanawha Canal Co., including wuter
powe r on James River. The stock is $5,o00,00<>.
In June, 1881, consol¬
idation with the Ohio Central wap voted. beo V. 33, p. 805. The roan
was to be extended ta Ohio River 254 miles, and connect with the
Ohio Central.
For construction of River Division $5,OOU,oOO bonds
were offered, viz., lor $10,d0o cash, $8,000 in mortgage bonds, $-',00"
in income bonus anct $10,000 in new stock. But in January, 1832. it
10
3
7
7
7
7
7
7
1 SM)
1902
1894
1890
lbtto
do
do
London.
Richmond, Office.
do
do
Richmond, Office.
do
do
igga
J SKH
Rich mend.
(>
do
do
1895-’99-190l
1890
1901
Jan- 2, 1882
1882 to’80
May 1, 1915
....
....
Aug. id,
April], 1927
N.Y., by N.Y.L.E. AW.Co
N. Y., Union Trust Go.
2,400,000
3,200,000
900,000
1,000
3. 1916
1915
do
J. A J.
F. A A.
1,870.000
Jli!y i, ioiio
May l,’sD&'90
3
6
1,300,000
Richmond A
Williams* ns,
do
Phil./TownBend W. A Co.
5*0,000
91
91
409
97
190
190
409
N.Y.jMerc’iuiie Nat.Bk.
J. A J.
M. A N.
J. A J
VariouH
J. A .T
M. A N.
J. A J
A. A O.
M, A N.
5.j5,260
1881
Equipment bonds (car trust)
Brockwayv. & Punxutawney HR., 1st M., guar...
Rock Island A Pcorut—Stock
.!
15,000,000
18769-0.
1376-980
..
Rochester A Pittsburg.—1st mortgage
Incomes (non-cuinulative)
let mortgage, extension, gold
Income bonds
A
6 g.
6 A 7
8
6
3
8
6 & 7
75,000
blocks—i,JU£ ‘
Dividend.
Office A N. Y.. Met. Bk
....
6
1,009,300
125,000
1,000
500 &o.
Q.-F.
6
T...
Coupon bonds of 1901
Richmond A Yelei'sburg—block
>.UC0
htilU.
/A/Vh/a—pTu^*.
l;‘d,\\ Li j) L>ne,
,
6
1,228,100
Payable, uud by
A J. N. Y., Treasurer'of Co.
M. & N.
du
do
o
2 26
1874
Where
-
‘ J.
7 g.
6 g.
5,0()o,0<-«>
100 Ac
DIVIDENDS.
Payable
4 20,638
lSJ
2d mortgage
Richmond A b'csf Ft. Ter. 1L A IF. Go.—Stock
Rochester A Genesee Vulicy—Stock
‘When
per
Cent.
j
'
Dollar loan
Coupon bonds of 1890
1st mortgage, coupon
Few mortgage
[VOL. XXXV
1.NT BURST <>U
1
! Bale
8M.O< 0
1 .< 09
Rich'd t red crick sburg A Potomac—Boium, ster
u
BONDS.
$ 1 ,‘.*25.000
1881
Piedmont
do
or
250
—
brancii, 1st mortgage
Northwestern, N. C., lRt mort., guar
Richmond York Rivor AChca., 1st mortgage
Size,
Bonds
Rout’-
gold ($4.<>OOtuju)
Impn.veLncnt lamds (f 300,(XL)
Ric/nt;<,?U( d: JJannif.c-r block
State sinking fund loan.
3d nioi tgage, consolidated, coupon or registered.
General inert., gold (for $6,000,000)
Debenture mortgage bonds, cumulative
in j
Date
of
25()
lirst page of tables.
Richmond A A le(,huvi/—'\nt mortgngc, gold
Btseoiid
AND
great favor by giving; immediate iiolioo of any error-discovered in these Tables.
DESCBJ1/3 JON.
For explanation wt column
STOCKS
July 1, 1882
Feb. 1, 1921
Feb. 1. 1921
1921
—
.
J.
J.
J.
"M.
J.
J.
A.
A D.
A J. N. Y.. Corn Exoh. Bank.
J.
A J. N. Y., Farm. L. A T. Co.
A J. N.
A S.
A D.
A J.
A O.
Juno, 1882
Jan. 1,1900
Y., Ftirm. MAT. Co. July 15,1875
do
do
Sept. 1, 1910
do
do
Dec. 1, 1891
do
do
Jan. 1, 1892
do
do
July 1, 1922
1932
July, 1901
syndioate oontrolling soveral stooks by ownership of a majority.
In April, 1882, the stock was increased from $5,000,000 to $l 5,000,000.
the old stockholders taking two new shares at $25 per shore for each old
share owned. The Richmond A Danville Comt>any owns $7,550,000 of
this stock. its stock v. us placed on N. Y. Stock Exchange in November,
1881. ana the balance sheet was published in the Chronicle, V 33, p.
589. The company owned tho following stocks, viz.: $2,550,0( 0 Ricnnmnd A Danvilld Extension C<>., $120 000 Northeastern Railroad of
appeared iliat. the Ohio Central managers had rhang'd, and by a fail¬
ure to g»-t the necessary lo islative action defeated the consolidation.
and the following l>on is: $250, OdO Riohmond A Danville general mortg>*gc 6 t er c» nt-, $100,000 Knovvillo & Augusta 1st inurt. 6 per
Grose earnings in 188 -81, $155,727; net, $18 3 <7.
(V. 32. p. 579. 613,
686; V. 38. p. 12. 48,102, 154, 202, .20, 305, G85,710; V. 31, p. 110,
$368,000 Spartanburg A Asheville 1st inert. 6 jiercents, $850,000 Western Nmth Carolina cun. 6 ih;i* cents, $15,700 miscellaneous
township
bends.
(V. 33, p. 569; V. 3 i, p. 3/9, 4uJ.)
Rochester A Genessce Valley.—S< pt. 30, IS'1, owned from Avon, to
Rochester. N. Y., 18 miles.
Loused July 1, 1871, in perpetuity, to Eria
Railway, and now op<iraled by New York Lake Eric
Western. Rental,
$31,012. James Brocketl. Praskleut, Rochester, N. Y.
Rochester A Pitb>bftrg.—Dec. 31, 1881, owned from Rochester, N.Y, to
Salamanca, N, Y.. 108 mile.s. Formerly RociicsUir tV 8Uit<^ Line, which
Wits opened May 15,1878. In Feb., 1880. Sylvanus J. Macy, ol
Rochester,
was appointoti Receiver of the company.
Tlie road had been largely
assisted by tho City of Rochester. On Jan. 8, 1881, tlie rood was sold,
I9G, 550, 625, 655.)
Richmond A Danville.— Bept.. 1831, owned from Richmond, Va., to
Danville, Va 14 i miles; branches, 12 miles; Danville, Va., to GreenslH.ro, N. (?., 47 mi ca; Salem .Junction to Salem, ‘.5 miles; loused: West
Point. Va to Richmond, 38 niilrs; Goldsboro, N. C to Charlotte. 223
miles; Charlotte, N. U., fo Atlanta, 269 miles, and narrow gauge
branches, 70 miles* total owned and leased, 825 in.Ice.
.
.
f
By ownership of a majority of the stooic of tlie RF fcmond A West
rointTennlnal Railway A Warehouse Company, tho Richmond A Dan¬
ville Railroad Company indirectly controls and ojx'ra es the following
lines of railway: Charlotte Columbia A Augusta, 191 miles; Columbia
& Greenville and branches. 226 miles; Spartanburg Union A Columbia,
68 miles; Northeastern of Georg a. 40 miles; Western N. Carolina Rail¬
road, 186 miles; Askcvillo A Spartanburg, 67 miles
;
Virginia Midland
Railway, 401 miles; total miles thus indirectly controlled through R.
A W. Pfc Tcr’l R. W. Co., I,lb2 miles; grand total of miles direotly and
indirectly controlled by Richmond & Danville RR. Co., 2,009. The
officers are as fallows: Proident, A. 8. Buford; Vice-President, T. M
|:J!
Logan; becond Vice-President, A. Y. Stokes; Treasurer, W. E Turner;
Secretary, Richard Brooke, nil of Richmond, Va. The gross income for
quarter ending December 31,1882. was $1,130,613 and net $540,401,
leaving $235,259 over interest and rentals. The annual report for 1881
was published in the chronicles, V. 33, p. 714.
The income account was as follows in four years past;
INOOME ACCOUNT.
1877-8.
Receipts—
Het earnings
Prem. on bonds
BondsR. Y. R. AC..
Bonds A st’k A. AC....
1878-9.
1879-80.
1880-81
$
489,474
1,529
$
741,873
19,868
$
786,393
42,512
$
904,318
28,100
90,000
259,730
NetoartgsR.Y.R.AC.
Miscellaneous
u
13,656
11,120
Total income
Disbursements—
Rentals paid
Int. on funded debt..
Dividends
22,108
29,125
531,218
Interest
22,740
806,589
320,000
320,000
252,410
246,444
3,997
21,248
854,180
1,489,299
320,000
244,570
245.234
103,441
30.054
320,000
115,992
18,995
10,601
9,745
16,484
51,200
10,151
63,005
5,475
Total disb’nts
612,635
587,499
637,320
703,185
Dcf. 111,387 Sur.219,090 Sur.216,860
Baianoe
—(V. 32. p. 154. 367. 422, 409, 488 ; V. 33, p. 60. 100. 102, 125, 38*.
404,413,401, 491,580, 714; V. 84. p. 87, 178,336,435, 550,715; V.
35, p. 52,189.)
Richmond Fredericksburg A Potomac.—Sept. 30, 1881, owned from
Richmond, Va, to Quantico. 82 miles. Tn November, 1881. there were
voted dividend oertidcutes for $755,039 to bo issued U holders of com¬
mon BtookGO }H»r cent on each shaie), to represent
money spent on
the property out of earnings. The common stock is $1,03*>,100 and
guaranteed stock is $500,4 00. A dividend of 2 per cent was paid July
Ii»t. on
floating debt.
Miscellaneous
:
|i‘
I, 1882, on stock and dividend obligations. Gross earnings in" (879-80
$330,361; net, $i 55,718; in 1880-81, gross, $406 927; net, $208,740.
Two per cent paid in January, 1382. (V. 33, p. 621; V. 31. p. 655.)
Richmond A Petersburg,—Bopt. 30, 1881, owned from Riohmond to
Petersburg, Va., 23 miles; branch, 2 miloe; total,25 miles. The ronu
fcas earned
moderate dividends and the debt account is very small
Operations and earnings for five
Passenger
Miles.
25
25
2,097.591
2,016,684
25
2,176,390
25
25
Toots.
2,281,321
2,137,017
Mileage.
years past wore as follows:
i roight (ton)
Gross
Net
Mileage.
Earnings. Earn’gs.
rn'ga.
1,576,263 $137,116 $17,271
1,594,670
140,060
62,553
154,622
73.071
2,047,430
2,405,878
104,198
79. 94
2,746,449
185,905
85,926
—V. 33, p. 623.)
R hmnond A West Point Terminal railway A Wart house f o. This comrouy was imorporatod by cn act of the Legislature« f Virginia ot MnTc.ii
8f IbBu. It is tuc&auxdiuiy oorpoiatkn wt tlie Richmond A Danville
oenbi
,
and
purchased by Walston H. Brown, of Now lurk, for $600,000, and
reorganized as tlm Rochester Ac Pittsburg, witli capital stock of
13.000,OOu (inciTasod May, 1881, to $4,006,000). In November, 1881,
an important
consolidation was made. See V. 33. p. 623. For every
$10,000 old bonds the Kooh. & Pittsb. gives $5,350 1st mort., $7,8 0 in¬
come bonds, and option to Dike $ >,000 stooK upon payment of $ii00.
See plan in V. 31, p. t>61. In August, lsbl, to extend 120 miles to
Brook vilie, stockholders of each 100 shares had tho right to subscribe
$11,4«’0 cash and take $6,000 in new mortgage bonds, $8,000 in new
incomes and 150 shares of new stock.
In December, 1881, the hold¬
ers of income bonds were ottered preferred stock in place of the iuoome
bonds. In Angus*., 18-2, an increase of $5.0u0,0t 0 stock w.is voted.
8eo V. 35, p. 162. Gross earnings in 1880, $255,832; net, $34,693.- In
1881 gross for eight months, $170,592; net. $10,987. (V. 32, p. 71,
15C. 184, 437, 544; V. 33, p. 178, 623, 642; V. 34, p. 68; V. 35, p, 71,
79, 95, 103, 104, 133, 162.)
wa.*
Rock. Island A
Peoria.—July 1, 1881, owned from Rock Island,.Ill., to
This is the Peoria & Rook Island, sold in fore¬
closure of tho lirst mortgage April 4, 1877, the bondholders becoming
the purchasers. Capital stock, $1,500,000. Gross earnings, 1880-81,
Peoria, Hi., 91 miles.
$484,n74; net earnings, $124,452, out of which
was paid on the stock.
a
5 per cent dividend
Rome Watertown A Ogdensburg.—Se-pt. 30,1881, owned from Rome to
Ogdensburg, 141 miles; branches: To Cape Vincent. 24 miles; to Pots¬
dam, 24 miloe; Oswego to Lewiston, 146 miles; Sandy Creek to
Syracuse, 45 miles; leased Oswego & Rome Railroad, 29 miles; total
owned, leased and operated, 409 miles. It was a consolidation October,
1861, of the Watertown & Rome and tho Potsdam & Watertown rail¬
roads. The Lake Ontario Shore Railroad was foreclosed September 22,
1874, and transferred to this company January 15,1875. The Syracuse
Northern was foreclosed, and purchased by this company August L
1875. The Oswego & Rome was leased January 1,1866, at 8 per cent
on
stock and interest on bonds.
The company was in default on
oupons of the consolidated bonds since April 1, 1878, and proposed to
let the prior liens stand and give for tho consolidated mortgage now
bonds bearing 5 per oent; also-tofund the 33^4 peret. overdue interest (to
July, 1882.) into 7 per oent income bonds; to assess 10 per cent oash on
sioek to pay floating debt, and gi\e income bonds for the assessment
Foreclosure under the consolidated mortgage was not be necessary as
the Fanners’ Loan <& Trust Co. received nearly all the bonds deposited
under this plan.. Operations and earnings for nvc years past were as
-
follows:
Years.
Passenger
Miles.
409
409
Mileage.
17,549,628
15,199,509
Freight (ton)
Mileage.
26,732,738
24,967,418
Gross
Earnings.
Net
Earning*.
$1,248,842
1,203,786
350,747
$336,708
306,648
25,914,496
1,143,288
487,738
1(5,402,043
43.538,148
1,467,894
409
284,088
17,417,353
45,88 / ,851
1,510,442
-<V. 33, p. 491, 562, 637; V. 34, p. 715.>
Ru'land.—July 1, 1881, owned from Bellow’s Falls, Vt., to Burling¬
ton, Vt., 120 mik«. This road 1ms been through niuny changes. It was
leased to the Central Vermont in December, 1870, for 20 years, but th«
lessee became insolvent, and finally a modi6cation of tlie lease wa«
made, giving $.55,000 per year as a minimum rental and $8,000 lor
organization cxp< n-ies. The bondholders agreed to acoept 5 per cent
bonds in exchange tor equip;neuu» alnl 6 per cent bonds in lieu of •
per cents. The 5 percent 2<ls jire ajh-. t mortga e on rolling Block and
personal prop, rt .
The common stock is $2/480,600 and preferred
$4.000,(Xh>.
Cue dollar per sha-e paid on preferred stooic Augu«f
1882. (V. 33, p. 154; V. 35, p. 124,)
409
409
20,517.456
l.
w
JlCOUBT, 1889.]
snlworibers
will oi»afer it
DKSOKltTIOM..
nuts—PrLn'asre»t)faT»r by glvln? Immediate notice of any error dlseoverod In those Table* Due.
INTEREST OR DIVIDENDS.
pal.When
It
-
^
&0-’860 uotoi
Date Size, or
Par
of
Road. Bonds Value.
Miles
of
120
120
1872
-
.
Faftcv ^ *S7- Louis.—1st mortg., cou
H°Johnsbwy<£L- Ckamplainr-Ut M.,o»up.
aZelhd St. Louw-lst mortgage... .....
S£'Jjofe/!h J V'Cbtern- 1st M.St. Joseph & Pacino..
K«X & NiffirasUa, 1st mortgage
Kansas A Nebraska. 2d mortgage..
ishmcl, 1
C(
Hastings & O'rand
Louis Alton d Teire
Haute—Stock
Pref. et’ck (7 cumulative)
1st mortgage (scries A) sinking fund..
1st mortgage
2d mortgage,
2d mortgage,
2d mortgage,
(scries B sinking tuna..
preferred (series C)
©
i
preferred (senes D)
§a
income
O
£®
Eouipment mortgage
Income bonds, not cumulative ........
st Louis d Cairo— 1st M., inoome (not cumulative)
.,t Louis Ft. ccoltd Wichita— 1st M. for $3,750,000.
SL Lllan.d K.-let M . oonv. till ’87 ($12,000 p m.)
%LL^is Keokukd N. W. Btock($l,350,0o0 is pref.)
— --•
1st mortgage
Income bonds
iulem <6 fAUle
Louis
8t.
....
Kock—lttt mortgage
Louis d San Francisco— ©took, common
Preferred, 7 per oent, not cumulative.
1st preferred, 7 per oent, not cumulative
mortgage (South
2d mortgage bonds,
do
do
.
1882
.
.
34 L
120
7t>
112
1 12
115
115
25
121
1855
1877
1872
1880
1874
1876
1876
1876
1870
207
207
207
207
....
....
144
.....
85
135
135
135
Pacilio), gold, (land grant)...
633
f><3
633
293
A
B, goio
1,00:)
l,()<»o
1 ,<X)()
1,000
....
1861
1864
1864
186 t
1861
1870
18sl
1881
1880
1877
1,000
1,100,000
1,100,000
1,400,000
1,400,000
1,700,000
500 Ac.
1,000
1,000
500 &(!.
....
1876
1876
lb72
m
m
m
....
1868
1876
18/6
.
•
-
«
500
Sun Franolsoo.
1882. owned from Lunen-
Stock, $100,000.
Western.—Line of road: East Division—West St.
Joseph
Marysville, Kan, 112 miles; West Division—Marysville, Kan.,
to Hastings, Neb., 115 miles; Hastings & Grand Island road, 25 miles ;
total, 25*z miles. This is a reorganization of the former St. Joseph &
Denver City road, which went into the hands of a Receiver in 1874
and was sold in foreclosure in November, 1875.
On the foreclosure
of the two divisions two companies were organized, the St. Joseph
& Pacific and the Kansas A Nebraska, with bonds as above. These
Kan., to
consolidated as St. Joseph & Western, the stook is $4,100,000,
$100. The present bonds have no lien on lands, as
rrantof 300,000 acres ;was put In hands of trustees for the benefit of the
holders of the old land scrip of $2,250,000; in June, 1880, a dividend of
were
the land
par
proceeds of land sales. On the Kansas
was due July, 1881. The road is con
Pacific. The coupons on wt. Joseph A Pacifio bonds
since have not been paid. (V. 32, p. 44,527; V.
12 ^ per oent was declared from
& Nebraska bonds the first coupon
due July, 1880, and
36, p. 212.)
Bt. Louis Alton d Terre
Terre Haute,
leased lines—
road, from
Du Quoin to Ekhrado. 50 miles; total, 314 miles.
This company
▼as a reorganization, February 18, 1861, of the Terr© Haute Alton
A St. Louis Railroad. The Belleville A Southern Illinois is leased to this
oompany for 999 years from Oot. 1, 1806. The main Hne (St. L. Alton
A Torre Haute) was leased Juno 1.1867, for 99 years to the Indianapolis
A St. Louis Railroad at a rental of 30 per oent of the gross earnings up
to $2,000,000, 25 per cent on the next $1,000,000, and 20 per cent on
all
$3,000,000; but it was agreed that m no year should the rental
be less than $450,000. The lease was guaranteed by throe other com¬
panies (See V. 26, p. 614 and 054). The lease was unprofitable and the
solvent guarantors refused to pay more than their one-third of the de¬
ficiency, an 1 a suit was begun, in whloh this oompany, in July, 1882.
obtained
decision in its favor against the two solvent compunies for
9221,644 against eaoli. An appeal to the United States Supreme Court
was taken.
In 1879-80 the company recovered from the former pur¬
chasing committee. Messrs. Tlldcn, Butler, Sago aud Baynrd, $400,000
for bon is retained by them at the time of reorganization. The Belleville
Branch and Extension are oj>erated separately by this company, aud
earned net in 1879, $159,359; in 1880, $176,471; in 1881, $159,907.
The Belleville A Eldorado was leased for 935 years from July 1, 1380.
at
rental of 30 per oent on the gross earnings, but $15,400 per year
guaranteed.
01 the first mortg. oonds$43 8,090 are held in sinking fund; of the
equipment bonds $249,000 are owned by the oompany.
The p;elerred 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
but shall not receive »ny dividend as common stock for the
jnou at par;held ns preferred. In January, 1881. the company declared
■me it
per cent in cash
tiio preferred stook and afterward settled the rc
malning 55 per cent of aoounmlated dividends by the issn of income
bonds. (\T. §2. p. 147, 336, 40 7 569. 579, 641; V. 34, p. 4G1, 572; V.
HaiUc—Tioo. 31,1881, owned, from
Ind.,to East St. Louis, 189 miles; branches. 19 miles;
Belleville A Southern Ill. RR., 56 miles; Belleville A Eldorado
over
a
a
was
•
on
79,162.)
St. Louis d Cairo.—Deo. 31. 1881, Cairo A St. Louis
East yt- Louis. ILL (3 ft. gauge), 147 miles.
1,1874. Sold in foreclosure July, 1831, and bought
*o, p.
owned from
Default made
in, in behalf
M. A
.1. A
J. A
I. A
J. A
J. London and Ne.w York.
New York City.
J.
do
J.
N. New York, 9th Nat. Bk.
Boston.O.
New York.
8
New York.
J.
do
J.
do
J.
do
J.
1898
Jan.
1.1912
1875
1907
May 1, 1902
Oct. 1. 1910
1894
Jan.
Jan.
Jan.
Jan.
1, 1915
1, 1915
1, 1915
1, 1915
,
A J.
A O.
A A.
A N.
A N.
VI. & 8.
June 1
A. A O.
A. A O.
A. A O.
J.
A.
P.
M.
M.
N. Y., Otdoe 50 Wall at.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
New York or LondoEt.
May 20,1882
1894
1894
1894
1894
1894
1880
Jan. 1, 1894
1921
Oot.
1, 1910
1, 1917
Jan.
Jan.
1, 1908
1, 1906
Oct,
N. Y.,
Nat. Oifcy Bank.
A J.
J.
-
....
April 1, 1903
7
,
...
3*3
6 ar.
6 g.
4-6 g.
500.000
2.766.500
(fco.l
a
6
7,144.500
500 Ac.
100 Ac.
Nov. 1. 1902
do
...
1,000,000
10,500,000
10,000,000
4,500,000
....
was the Portland A Ogdi nsVermont Division, and was reorganized under this title In 1880.
Preferred stock, $1,298,500; common stook, $2,55 n,000. Net earn mgs
rear 1880 1, $51,667. In 1^81-82, income. $742,662 gross and $43,168
net (V. 32, p. 145, 330. 422; V. 33, p. 202, 327 ; V. 35, p. 182.)
SL Joseph d St. Tjouis.—St. Joseph, Mo., to No. Lexington, Mo., 76 miles.
Present company is successor to the 8t. Louis A St. Joseph Railroad, sold
in foreclosure February 8, 1874. Has no funded or floating debt. The
8t. Jyouis Kansas City A Northern took a lease of the road for 99 years
July 1,1874. The terms of the lease are an annual payment of $45,000
for five years and then 30 per oent of gross earnings, but $25,000 guar¬
trolled by the Onion
2,700,000
1,620,000
1,080,000
1,000
1,000
Durg,
tmrg,
Joseph d
72,000
100 Ac.
Valley d St. f ouis.—From Saginaw to St. Louis, Mich., 35
miles.
Road opened January. 1873. Has a traffic guarantee from
Michigan Central. Capital stook, $264,804. In 1880, gross earnings
were $88,194; net $4 4,727.
Interest payments, Ao., $ <5,080. In July,
1879, management was transferred to the Detroit Lansing & Northern.
St.
1,357,000]
2,600,000
(?)
1.000
Saginaw
anteed.
3(H),000
1,000
•
•
3
7
7
7
7
7
10
6
5 g.
7
7
2.468,400
.
.
m
2,300,000
.
&
A
A
A
4. A
7
375,000
100
100
miles; thenoe
1882.
to Sabine
paw, Gulf of Mexico, 200 mile*.
Road under construction. Stock,
$3,000,000.
Sacramento d Placci'ville.—T)eo. 31, 1881. owned from Sacramento’
Cal., to Shingle Springs, Cal., 48 miles. This was a consolidation of
the Sacramento Valley and the Folsom A Plooerville railroads, April
19,1877. Capital stock, $1,756,000. Gross earnings, 188<>, $132,000:
net earnings, $60,278; 1881, gross, $85,707; net, $35,564. Roland
Johnsbury d Lake Champlain.—July,
Vt., to Maquam Bay, 120 miles. This
1,200.000
1,900,000
1,200,000
100 Ao.
J.
J.
J.
M.
7
7
7
1,000,000
....
Texas— Sabine t.o Boon’s Perry. Tex , 104
to Shreveport, I^a.
About 100 miles completed to July,
Sabine Pa ■» <6 Texas North— IJno of road. Marshall. Tex.,
St.
358,000
100
Sabine d East
Stanford, Pres dent,
7(H),000
16,000
600,000
of Rodempt’n
Stocks—Last
Dividend
.
6
10
6
8
6 g.
7
4
100 Ac.
M. A N. Boat., Bk.
do
F. A A.
....
4<K) ooo.
and by
Whore Payable,
Whom.
When
Payable
C
5
<*>
....
1,000
...
Rato pci
Gout.
$ 1,500,000
1,500.000
305,000
LoO Ac.
--
St
1st
.
-
48
nn \
Knniiuiw
■:S,i
.
-
Arnonnt
Outstanding
$100Ae.
1878
....
Sacrum1 nto
li
BONDS.
RAILROAD STOCKS AND
F.
J.
M.
M
m
A
A
A
A
A. N. Y., Company’s Offloo.
do
do
J.
do
do
N.
do
do
N.
Ang. 1, 1882
July, 1888
Nor. 1. 1906
Nov. 1,
1906
$6,5' 0,000, and new bonds
$424,480; net, $64,620, (V.
32, p. 390, 551, 611, 685;
33, p. 99; V. 34. p. 147, 366.)
SL Is>Hi8 Ft. Scott d Wich'ta.—From Fort Soott to Eureka, Kan., 100
milrs, oi>ened July. 1881; construoti n being rapidly pushed. and to bo
comuloted to El Dorado by Jan. 1,1883. Mr. Moran, of N. Y„ and other
capitalists, largely interested.
St. Louis Ilannibal d Keolcuk.—Vnj. 1882, owned from nannlbaL
Mo., to Uilmove, on Wab. 8t. L. A Paoltio, 85 miles. Stook, $1,140,000.
Earnings for 1881, $31,094; net, $3,040. (V. 35, p. 161.)
of bondholders, for $4,009,000. New stock,
as above.
Ear-nines for tho year 1831,
St. Lonis Keokuk d Korthiceslem.—T)^c.
la., to Ht. Peters, 135 miles. Leased
total operate d, 183 miles. Tho Miss.
31,1381, owned from Keokuk,
Keokuk to Mf. Pleasant, 48 miles:
Val. A Western RR. was sold April
14, 1875, and tins company organized July 1, 1875. Road oomploted in
Income bonds above wore originally a part of
Autumn of 1879.
$2,750,000 first mortgage bonds, but by agreement they were changed
into their present form. Gross earnings year ending Dec. 31, 1881*
$363,435; gross expenditures, $183,132, including $88,876 for new
work, and $30,821 loss by floods.
(V. 33, p, 256.)
St. Louis
Rock.— Dec. 31,1831,
owned from Cuba, Mo.,
Francisco.—Doe. 81, 1881,
owned from Pacifio to
Salem d Little
1<> miles; also 17 miles of branches
controlled; total operated. 69 miles. Reaohes St. Louis by St. L. A San
RR. Stock is $1,000,000. Earnings for 1881 cu 52 miles were $170,-
to
Salem, Mo., 42
miles, and branches,
■
.
575; net,
107,115.
St. Louis d
Seneca (main),
San
branches—Granby branch, 2 miles: Orongou
Mo., to Joplin, 12 milos; Joplin to Galena, 47 miles; Carbon Branch, 3
miles; Poiroe City to Oswego, Kan., 73 miles; total owned, 429 miles;
leased and controlled—Oswego to Wiohita, 145 miles; Plymouth to Bren£
wood, Ark., 88 miles; Seneca to Vinlta, I. T., 33 miles; total leased and
oontro led, 266 miles; total operated Deo. 31, 18-1, 695 miles. This
company was organized Sept. 20, 1876, as suooessor to the Atlantio A
Pacilio RR. The latter was chartered by act of Congress July 27, 1866,
and embraced the South Pacifio RR. (originally the Southwest Br. of tbs
Pacific RR. of Mo)., which was consolidated with the Atlantio A Pacifls
Tho South Pacifio Railroad had a grant of lands
road Oct. 26, 1870.
by aot of Congress Juno 10, 1852, of 1,161,205 acres. The Atlantic A
Pacific received about 507,000 acres of land.
The South Pacific lands
showed 520.497 acres on hand January 1,1882. Atlantio A Pacific lands
showed 187,963 acres on hand at same date, and for these lauds (A. A PJ
the second mortgage bonds, class B, are receivable in payment.
The
inteiest on bonds “B” and “C” is4 for 1882, 5 for 1883 and 6 after¬
ward. The trust bonds of 1880 are secured by deposit of 7 per cent
mortgago bonds of the St. Louis Arkansas A Texas RR. aud Joplin RR.
Tho general mortgage of 1881 for $30,000,000 Is made to the United
States Trust Company as trustee, and enough reserved to take up all
prior debt. First preferred stock has prior right to 7 per cent (noncumulativo) ; then pref. entitled to 7 percent; then common entitled
to 7; then all classes share in any surplus.
The pref. and 1st pref. also
by their terms had a precedence of any mortgages made subsequent to
292 miles;
the creation of said stocks.
On January 31. 1880, an
Atchison Topeka A Santo Fe
Pacific coast on the parallel
agreement was
entered into with tho
for construction of a through line to tho
from Albuquerque, on tho Rio Grande,
The road was to cost $25,000,000, aud to bo known
to San Francisco.
Three trustees—John A. Stewart*
as the Atlantio A Pacilio Railway.
of tno U. 8. Trust Company, Warren Sawyer and II. P. Kidder, of Boston
—were appointed to hold tho stook in trust.
The voting power was to be
vested in six directors of oaoh road. The old companies were to preserve
tlieir separate organizations, and tho gains of traffic on tho extension
to l>o divided in equal proportions. The twro companies divided the issue of
bonds ($23,000,000). The ro» \ was partially built, when in January,
1882, a largo interest in the stock was acquired by C. P. Hum burton
and Jay Gould, aud this ekangod the projected plans for oxtemlons,
and arrangements wore
for building on j to to
Southern Pacifio. Theimom*
35. p. 13’., showing $30,159
$352,629 in same tame 1881.
(CuiiONiQLa, V, 34, p, 313) had tho loliow-
made subsequently
Colorado River to a Junction with tho
account for first half of 1832 was in Y.
surplus applicable to dividends, against
The annual
report for
1»81
1880.
Miles operated
Oi>crati*ns—
Passenger mileage
Rate per imssengvr per
mile
Freight (tons) mileage
ton per
Average rate per
Em nings—
Passenger
Freight.
Mall, express, Ao
Total gross
earnings
miio
1881.
5 js
mg:
061
18,52fbl40
3 59 eta.
123,3> 7.774
189 ote.
$
696 331
2,342,610
162,542
11,886,882
8 57 cts.
109.178,009
199 cis.
9
424.102
2,180,833
93,936
2,698,371
3*160,62$
m
RAILROAD
Subscribers will coulter
)>
a
Equipment mortgage, gold.
Mortgage on Mo. A Western RR., gold
.
84
Trust bonds.
St. Louie Wichita A Western
Gen. mort.f gold ($30,000,000), coup, or reg
Si. Louis Texas dk Quit— let mortgage
Income land grant Donds
St. Louie Vandalia & Terre Haute— 1st M. s. f. guar
2d mort., sink, fund ($1,600,000 guar.)
St. Paul dk Duluth—Preferred 7 per cent stock
Common stock
1st mort. bonds, coup, or reg
St. Paul Minneapolis dk 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)
Sandusky Mansfield dk Newark—Re-organized stock
1st mortgage,’new
San Francisco dk North Paet/?e—Stock
Savannah dk Charlestons—Stock
C. A S.„ guar, by 8. C
Funded int. bonds, S. & C. RR., guar, by S. Car...
1st mortgage, Savannah & Charleston RR
Savannah Florida dk West.—Consolidated 1st mort.
Southern Georgia & Florida, 1st mortgage
1879-0
—
do
All
.
Maintenance of way, Ac
Maintenance of equipment
Transportation
expenses
Taxes
General and miscellaneous
?
fYou rxx*.
INTEREST OR DIVIDENDS.
Size,
or
Par
^
$500Ac.
1,000
1,000
1,000
$2,400,000
4-6 g.
7 g*
6 g.
639.000
1,000
1,000
•
•
1.000
1,000
....
....
1881
1,000
4,055,407
1,000,000
100
15,000,000
Where
Payable
M. A N. N.
F.
....
.
m
m
A J.
J.
Ponds-fr55*
pal, When
•
do
do
do
do
do
lS*
Stocks—Ia*
Dividend.
Y., Company’s Office.
A A.
.
Payable, and by
Whom.
J. A D.
6
6
5 g*
6
1,899,000
2,600,000
When
do
do
do
do
do
1. 1906
June 1, 1895
Aug. 1, Isa
1920
1919
July 1, 193!
2,500,000
1867
1868
1,000
....
1,000
1879
1879
100 Ac.
1880
1,000
1,000
50
....
1869
1,000
....
....
1853
1868
1869
1867
1869
1869
1871
1874
1879
1880
1892
500
100 Ac.
500
500 Ac.
1,000
100 Ac.
50
500 Ac.
$
439,582
447,578
437,899
382,383
93.988
5
m
J.
J.
A.
M.
6
7
7
7
7
7
7
6
2*
1,294,000
7
7
7
177,000
603,000
(?)
m
m
A
A
A
A
m
New Vork.
N.Y., J.S.Kennedy A Co.
J.
do
do
J. New York and London.
O.
N.
do
do
New York Agency.
IstN. Bk., Sandusky, O.
A J. N. Y.. Uuiou Trust Co.
....
*
£an-
Aug. i, 1931
Aug. 1, 1882
1892
1909
1, 1909
Nov. 1, I9ig
Oct.
....
J.
....
200,000
500,000
500,000
576,050
were
F. A A.
7
7 g.
6 g.
6 g.
2
7
Y., Third Nat. Bank.
do^
do
May J. 1897
1, 1898
Q.-M. N.Y., Central Trust Co. June 17,1882
3^
1,790,500
464,000
1,000
1,000
1881.
>
366,000
6,500,000
8,000,000
4,500,000
1,073,504
2.300,000
3,750,000
1,000,000
505,000
111,800
500,000
1,000
1,000
$
J. A J. N.
M. A N.
7
7
5,1245.500
1862
1876
376,199
302,184
42,322
123,766
Rate per
Cent.
1,100,000
1,350,000
2,000,000
1,750,000
2,500,000
1880.
Operating expenses—
!
•
....
Consol, mortgage
2d consol mortgage (for $3,750.000)
*■
-
....
158
158
169
169
169
861
76
656
656
315
116
116
94
111
101
Schuylkill Valley—Stock
Scioto Valley— 1st mort. (s. fund $13,000 per year).
2d mortgage (sinking fund, $5,000 per year)
■
1876
1880
1879
1880
.1879
1881
*
2d
mortgage
Savannah Griffin & N. Ala.—let mortgage
Schenectadydk Duanesburg—1st M., guar. D. A H
v?
Date
Amount
of
of
explanation of column headings, Ao., see notes
on first page of tables.
Road- Bonds Value. Outstanding
do
BONDS.
*
Miles
St. Louie dk San Francisco— (Continued )—
2d mortgage bonds C, gol 1
,.#r
AND
crest favor by giving Immediate notice of any error discovered In these
Tables,
DESCRIPTION.
For
STOCKS
M.
M.
J.
J.
M.
M.
J.
M.
J.
A
A
A
A
A
A
A
A
A
J. A
A. A
J. A
July, 1902
..........
S. Charleston, 1st Nat. Bk. March
1, 1877
8.
New York.
Sept. 1,' 1809
J.
do
Jan. 1. 1889
J.
July, 1897*’
N.
N. Y., H. B. Plant.
May 1, 1899
N.
do
do
May 1, 1899
J. Savannah, Cent. RR.Bk July
1, 1891
S. Del. A Hud. Canal Co. Sept. 1,
1924
J.
Philadelphia, Office.
July 15,1882
J. N.Y., Winslow, L. A Co.
Jan. 1,1896
O.
do
do
April 1, 1894
J.
do
do
July 1, 1910
foreclosed.
The small amount of the two mortgages first
some
is all that remains of the old bonds, and the new
land-gnu*
mortgage is practically a first lien on the whole property at $12,000p*f
mile. The proceeds of land sales are reserved
named
trustees
105 and
as a
by the first mortgage
sinking fund for the redemption of the bonds at
or
under
interest, and in March, 1882, about $700,000 of bonds wen
103,231 called lu, the interest to cease July 1, 1882. The second
mortgaga
Extraordinary
222,116
152,887 bonds do not cover the land. The company was organized
May 2%
1879, under the charter of the St. Paul A Pacific Railroad. The Dakota
Total
1,506,169
1,617,966 Extension bonds are issued at $12,000 per mile.
Net earnings
1,192,202
1,542,557
Annual report for the year ending June 30, 1881, in V. 33,
p. 254.
INCOMB ACCOUNT.
Gross earnings, $3,700,851, against $2,933,108 in 1879-80; net earn*
ings, $1,845,168, against $1,546,037 in 1879-80 (V. 32, p. 123.336;
Total gross earnings
2,698,371
3,160,523 V.33, p. 254, 470; V.
Net receipts—
34, p. 62, 265, 550, 655, 707; V. 35, p. 23, 79.)
Net earnings
1,192,202
1,542,557
Sandusky Mansfield dk Newark.—Line of road, Sandusky, O., to New¬
Other receipts
25,598
50,648 ark, O., 116 miles. A consolidation of several roads in 1856. Leased
February 13, 1869, to Central Ohio Railroad, guaranteed by Baltimore
Total net income
1,217,800
1,593,205 A Ohio, and new lease made February 23,1880, extending to December
Disbursements—
1, 1926, with option to the Balt. A Ohio Company to renew for terms
Interest on debt
705,950
821,492 of 20 years each. Rental is $194,350 yearly till 1884; then
$199,350
Interest accrued, not due, to Dec. 31....
101,254
109,865 for 1884 and 1885; then $201,850 annually. It is operated as Lais
Dividends
157.500
315,000 Erie division of the Baltimore A Ohio system.
In 1878-79 the gross
Duo leased lines
105,022
162,575 earnings4 Avere $639,821, and net earnings, $189,114; in 1879-80 gross
earnings $847,221; net, $208,853. For year 1881, gross, $899,751;
Total disbursements
1,009,726
1,408,932 net, $112,373.
Balance, surplus
:.
148,074
184,273
San Francisco dk North Pacific—Deo. 31, 1881, owned from Donahue,
—(V. 32, p. 17, 44, 286, 437.686; V. 33, p. 528; V, 34, p. 62, 99, 116,
Cal., to Cloverdale, Cal.. 56 miles; branches—from Fulton, Cal., to
147,196,313 V. 35, p. 133.)
Guemeville, Cal., 16 miles; and Ban Rafael' to Petaluma, 21 miles;
St. Louis Texas dk Gulf— Proposed line from Marshall to Sabine Pass total, 93 miles. This is a consolidation of several
companies. In 1880
and Galveston, Texas. Bonds offered in London in
September, 1881, gross earnings were $362,179; net, $157,167. In 1881, gross, $446,972;
purchasers receiving with each $1,000 bond a $1,000 income bond and net, $206,220. $500 in stock. (V. 33, p. 218.)
Savannah dk Charleston.—Savannnh, Ga., to Charleston, S. C., 104
miles; Ashley River branches, 4 miles; total, 108 miles.
St. Louis Vandalia dk Terre Haute.—October 31,
Formerly the
1881, owned from Charleston A Savannah
East St. Louis to Indiana State line, 158 miles. Road
Railroad; reorganized in 1876 under present
opened July 1, name, and
opened March, 1870.
1870. It is leased to the Terre Haute A Indianapolis Railroad at a rental
Defaulted September, 1873, and
then operated by a
of 30 per cent of gross earnings. For the year
ending October 31, 1881. $300,000, and turnedReceiver. Sold in foreclosure June 7, 1880, for
over
the total income was $469,824, and the year’s charges
against this sum pany, called the Charlestonby C. P. Mitchell, Receiver, to the new com¬
A Savannah Railroad. Earnings in 1880-1,
were $349,042; leaving a surplus for the fiscal
year of $120,782, $301,570; deficit, $11,310.
which was applied to the repayment of advances heretofore made to
this company by the lessee, leaving the balance to debit of
Savannah Florida dk Western—Dec.31,1881,owned from Sav.,Ga.,tO
profit and
loss, October 31, 1881, $91,019.
Loss to lessee in 1879-80, $19,822, Bainbridge, Ga., 237 miles; branches—extension to Savannah wham*,
In 1880-81, $281,080. The annual report for 1880-81 was
published 2 miles; Junction Branch, 4 miles; Dupont to Live Oak, Fla., 48
in the Chronicle, V. 34, p. 174. The first
mortgage and $1,000,000 miles; Thomasville to Live Oak, 58 miles; total, 349 miles. Also from
of second mortgage bonds are
guaranteed by the lessees and Way cross to Jacksonville, under separate organizations, 75 miles.
also by the Pitts. Cm. A 8t. Louis Railroad and the Col. Chic. A I. C. Co. This was a consolidation in 1865 of the Savannah
Albany A Gulf
The stock is $2,383,016 common and $1,544,700 preferred.
The pre¬ Railroad and the Atlantic A Gulf under the latter name. The Atlantic
ferred was issued for income bonds ($1,000,000) and for deficiencies A Gulf road was sold in foreclosure of the second
mortgage on No¬
made up by the lessees.
Thos. D. Messier, President, Pittsburg, Pa. vember 4, 1879, subject to the consolidated mortgage and other
Operations and earnings for five years past were as follows:
prior liens amounting to about $2,705,000. The old sectional mort¬
gages yet out amount to about $221,500. The present company ha*
Passenger
Freight (ton)
Gross
Net
been organized with a
Years.
Miles.
Mileage.
Mileage.
Earnings.
Earnings. 7 per cent was declaredcapital stock of $2,000,000, and a dividend of
158
out of the earnings of 18S0. The report of
1876-77
14,827,425
50,618,136 $1,052,208
$207,067
1877-78
158
earnings for 1881 gave $1,321,428 gross, and $268,822 net. (V. 33, p.
13,092,370
58,722,821
1,054,627
158,685 200; V.
1878-79
158
34, p. 147, 407.)
12,974,971
86,424,189
1,244,643
294,272
158
17,309,919
Savannah Griffin dk North Alabama—Oot., 1881. owned from Griffin,
96,544,226
1,552,801
446,018
158
19,L6l,449
107,089,535
1,565,515
188,574 Ga., to Carrollton, Ga., 63 miles. Operated in connection with Central
—(V. 32, p. 71, 120, 289; V. 33, p. 357; Y. 34, p. 62, 174.)
Railroad of Georgia. Capital stock, $1,010,900. In 1879-80 gross earn¬
ings were $58,860, and net earnings, $20,693; in 1880-81 gross, $79,113;
St. Paul dk Duluth.—Line of road, St.
Paul, Minn., to Duluth, Minn., 156 net, $14,985. (V. 33, p. 559.)
miles; branch to Knife Falls, 6 miles; leased: Taylor’s Falls A Lake
Schenectady dk Duanesburg.—From Quaker Street Junction, N. Y., t*
Sup., 20 miles; total, 182 miles. On Aug. 1,1882, began to operate the
road from Minneapolis to White Bear. This was the Lake
Sup. A Miss RR., Schenectady, N. Y., 14 miles. Formerly Schenectady A Susquehanna
Railroad, and was foreclosed in 1873; reorganized and leased in per¬
opened Aug. 1,1870, and leased to the No. Pac. Default made Jan. 1,’ 75,
and road sold in foreclosure May 1,1877, and
Lease rental,
reorganized June 27th. petuity to the Delaware A Hudson Canal Company.
The preferred stock is received in payment for lands at
$30,000 per year, paying 6 per cent on bonds. Stock, $100,500.
par. Three
shares of common stock have one vote, and each share of
Schuylkill Valley.—Port Carbon to Reevesdale, Pa., 11 miles; branches*
preferred has
one vote.
Pref. stock has a prior right to 7 per cent
from “ income from 8 miles; total, 19 miles. It Is an old road, and was leased to the Philar
all sources, including laud sales;” then common to
receive 6 per oent; delphia A Reading Railroad from September 1,1861, at an annual rental
then remainder of income to be applied to
purchase of pref. stock. The of 5 per cent on the stock. Operations are included in the Philadelphia
net income since 1878 having been
spent on improvements in 1881, it A Reading reports.
was determined to issue 10 per cent of new
preferred stock to the pre¬
Scioto Valley.—Dec. 31,1881, owned from Columbus, O., to Ashland,
ferred stockholders of record Nov. 1,
1881, payable Nov. 14, to repres¬ Ky., 132 miles.
Enough of the consolidated mortgage is reserved to
ent the cash so spent in improvements. The
company has a land grant, take up the first and second mortgage bonds. In Jan., 1882, a vot*
of which about 1,276,000 a< res remain unsold. In
1880 gross earnings was passed to increase stock to
were $668,777; net
earnings, $93,182. In 1881, gross, $732,630; net mortg. to expend the liue to a $5,000,000, and make a second consol*
point opposite Huntington on Ohio River
income, $117,671. (V. 32, p. 419. 469, 686; V. 33, p.
155, 329, 359, In July, 1882, it was voted to increase the stock to $10,000,000, and
386,491; V. 34, p.342, 377; V. 35, p. 162, 204.)
issue a general consol, mortg., and extend the road from Columbus w
St. Paul Minneapolis dk Manitoba— June
30, 1881, owned from St. Fort Wayne, Iud. In addition to above there are $100,000 equipment
Paul to St. Vincent and Northwest
boundary, 393 miles; Minneap¬ bonds out. In 1881 gross receipts, $498,844; net, 160,511. (V. 33, p*
olis to Barnesville, 237 miles; Oi ookston to
Opata, 38 miles; Morris 93, 102, 736; V. 34, p. 116; V. 35, p. 104.)
to Brown’s
Valley, 47 miles; Breokenridgo to Durbin, 48 miles; Barnes¬
Seaboard dk Roanoke.—March, 1881, owned from Portsmouth, Va., t*
ville to Moorhead, 23 miles; Grand Fork to
Fargo, 75 miles; total, 861 Weldon, N. C., 80 miles. Road opened 1851. The company has p®*«
miles. This company was organized out of the St. Paul
A Pacific RR., dividends for a number of
years.
Of the stock, $1,057,100 is common
the First Division of the St. Paul A Pacific
Railroad, the Red River $200,000 is 1st 7 per cent guar., and $44,200 is 2d
guar.
Owns a con¬
Valley RR., and the Red River A Manitoba RR. The
company took trolling interest m the Carolina Central RR. Net earnings 1879-W,
2,000,000, acres of land as successor to the roads above named, which
$236,452; 1880-81, $232,495; 1881-82, $178,587. (V. 33, p. 559.)
,
.
.
.
..
..
'i
AUGUST,
RAILROAD
1882.1
STOCKS
description
Miles
Date Size, or
of
Par
Road. Bonds Value.
of
on
first page
*G®eS!
of tables.
(for $7,500,000)
28
28
144
144
iSW'S'-'1™ mort“$l5,CW0*i»r ndiej
Su“"m! iuort., gild ($25,000 per mile)
Alleghany—IsA mortgage
32
50
1st mortgage
•
Sioux City A Pacific-1st mortgage
2d mortgage (Government subsidy)
50
102
102
25
243
242
242
dt
Short Lint
(Conn.)—Stock
Somerset-Ut mortgage,
gold
South Carolina—Stock.
1st mortgage, sterling loan. ..
1st mortgage, collar bonds(LL....
1st
consol, mortgage (for
2d consol,
- - -
$o,000,000)
242
mortgage.
mortgage bonds (not cumulative)
So <t No. Alabama— 1st M., endorsed by Alabama.
Sterling mort., s. fund, guar, by L&N
South Pacific Coast-Sloe*.
South Pennsylvania—1 st mortgage, gold
income
Sera Cmt. (N.iJ-2d M., gold (cud.
1st mortgage interest bonds
New consol, mortgage (for $3,400,000)
by L.Val.)
Southern Iowa rf Cedar Rapids— 1st mort.,
Southern Maryland—lBt mortgage, gold
gold....
Monterey, 1st mortgage
Southern Pacific of N. Mexico— Mort., coup, or reg..
Southwestern (Oa.)—Stock, guarant’d7 per annum
Sp u yten Day oil & Port Morris—Stock.
....
183
183
81
24
114
114
114
87
1871
1880
1881
1869
....
1880
1868
....
50
500 Ac.
1,000
1,000
500 dec.
100
lOOOAc.
500<fec.
500 <fec.
1871
100
100
....
1868
1868
1881
1881
1881
1870
1873
Various
Outstanding
1’301,3()0
3
7 g.
7 g.
6 g.
7
4
1,000
....
....
....
lOOOAc.
210 Ac.
....
500.000
....
....
384
715
15
167
257
44
’79-’80
1,000
9,604,000
1875
1880
500 Ac
1,000
28,483.000
1881
1,000
4,180,000
3,892,300
.
.
.
....
1877
6
....
...
1,000
....
Shamokin Valley & Pottsville.—JAno of road, Sunbury, Pa., to Mount
Carmel, Pa., 27 miles; branch to Lancaster Colliery, 2 miles; total, 29
miles. The road was leased February 27, 1803, to the Northern Central
Railway Company, with a guarantee of interest on the bonds and 0 per
«ent per annum on the stock.
The yearly reports will be found in the
Chkoniclb with the reports of the Northern Central Railroad. Geo. 13
Roberts, President, Philadelphia.
Shenandoah Valley —This road is completed from Hagerstown, Md.,
to Waynesboro, Va., 144 miles. The company proposes to extend south¬
ward from Waynesboro to a connection with the Norfolk Sr Western
road.
The general mortgage of 1881 is at $25,000 per mile to re¬
tire the prior mortgages and to oonstruot new road.
The stock is
$&.6!)6,.00. Frederick J. Kimball is President, Philadelphia.
One
dollar paid on preferred stock February, 1882.
(V. 32, p. 422, 469;
V. 33, p. 48, 357; V. 34, p. 522, 550, 567, 655.)
'
7
7
7
5
7
6
6
g.
g.
Where
M.
F.
J.
J.
A.
A.
J.
M.
J.
J.
J.
A N.
A
A
A
A
A
A
A
A
A
A
J.
J.
A
A
A. A
J. A
Payable, and by
Whom.
Balt.,Farm.& Plant.Bk. May 1, 1882
A. Phi ladelphia,Treasurer.
J.
do
do
J. N. Y., Clark. Post A M.
Aug., 1882
July, 1901
Jau.
1, 1909
0. Philadelphia aud N. Y.
O. N. Y., N.Bk. of Com’rce.
J. N. H., Nat. N. H. Bank.
8.
do
do
J. N. Y. ,Nat. Park Bank.
J. U.8. Treas., at maturity
J.
Apiil 1, 1921
J.
J.
1882 to 1888
1882 to 1888
Oct. 1. 1920
Jan. 1, 1931
Jan. 1. 1931
Jan. 1, 1890
1903
0.
J.
London.
N. Y., Nat. City Bank.
New York Agency,
do
do
Yearly.
J. A J. N. Y., Drexel, M. A Co.
M. A N. Loudon, Baring Bros.
M. A S.
M. A S.
F. A A.
N. Y., Nat.
N
City Bank.
Y., Vermilye A Co
188ti A 1907
July 6, 1882
March, 1910
Jan. 1, 1898
Jan. l, 1898
July, 1891
Mar. 1, 1900
Mar. 1, 1882
Aug. 1, 1887
1922
g.
g.
g.
9 g-
M. A N.
J.
A
J.
A. A O. N.
A. A O.
May 1, 1900
New York City.
Y., C. P. Huntington.
5
6 g.
J.
3i*
J. A 1). Savannah,Cent.RR. Ga.
546,150
962,000
4
7
4
M. A 8.
F. A A. Phila. and Greensburg.
J. A J.
New York.
250,000
Stocks— Last
Dividend.
989.000
100
....
.
5 g.
6
6
6
6
8 g.
6 g.
575,050
(?)
1,500.000
....
1870
6
6
7 g.
3,112.725
803,551
2,536,312
391,000
4.941,180
1,000,000
625,000
400,000
....
1872
1877
1882
41^
764.000
£200
When
Payable
*5*
869,450
2,000,000
2,270,000
3,930,000
1,200,000
1,000,000
200,000
1,628,000
1,628,320
450,000
4,195,520
997,632
500
1,000
1,000
1,000
any error dlaeovereil in. llu— Tahlai.
Rate per
Cent.
$
100
Liii
INTEREST OR DIVIDENDS
Amount
....
Southern Pac. of Arizona—1st mort., gold.cp. or reg.
South. Pae.tCal.)—1st mort..gold,land gr., ep. or reg.
Southwest Pennsylvania—Stock
1st mortgage
$....
....
‘so
V^JEStrSESkxstoSt-vj:::::"."
Shenango
BONDS.
conftr t great favor by giving immediate notice of
Subscriber* will
For
AND
A
J. N. Y.,
do
do
Company’s Office
Mar., 1909-10
April 1, 1905
April 1, 1900
Jau. 1, 1911
Dec. 20, 1881
March, 1882
Feb., 1917
Jan., 1882
mond to Ore Banks, 2 miles. Leased for 199 years from March 1,
1870,
to Cumberland Valley Railroad Company. Road originally
organized
under the name of Southern Pennsylvania Iron & Railroad Company,
but was sold
by foreclosure of second mortgage December, 1872, and
reorganized under present uome. Capital stock, $800,000.
Southei'n Central (N. Y.)— Sept. 30,1881, owned from Fairhavon,
N.Y.,
t >
Pennsylvania State Line, 114 miles. Road forms an extension into
New York State for Leliigk Valley Railroad, which
company endorses
$400,000 of second mortgage bonds. Default was made Feb. 1, 1882,
on 1st mort., and the bonds and
coupons were exohanged for new consols,
at nar. the unguaranteed 2ds also exchanged
for new bonds. The Leh.
Valley to pay the guar, bonds and receive for such payment the new 5s
to a like amount. Capital stoek paid in is $1,790,234. In
1879-80, gross
earnings were $455,467; net, $149,237; in 1880-81 gross $526,426;
net, $141,141.
(V. 34, p. 178.)
Southern IowadtCcd. Rapids.—In progress. Ottumwa to Ced. R., Iowa.
Shenango dt Alleghany.—Dine of road, Shenango, Pa., to Brady’s Bend,
Pa., 95 miles; Nov. 30, 1881, in operation, Shenango to Hilliard, Pa.,
Southern Maryland.—The Southern Maryland Railroad is designed to
49 miles, and branch, 3 miles. The road was leased to the Atlantic A
extend from Point Lookout, at the mouth of the Potomac
River, to
Great Western, and “ rental trust ” bonds were Issued. The
oompany
made default in 1879, but the October coupons were paid Feb. 21, 1880. Washington, where it will make connection with the Baltimore A Poto¬
mac Branch of the Pennsylvania Road, and with the
Washington 6c
Stock, $200,uOO. Gross earnings in 1880-81, $140,693 ; net, $38,099.
Metropolitan Branch of the Baltimore & Ohio Road. The length will be
Shore Line (Conn.)—Line of road, Now Haven, Conn., to New
London, 77 miles. John Van Riswick, President, Washington, D. C.
Conn., 50 miles. Leased to New York and New Haven Railroad Com¬
Southern Pacific of Arizona.—This is the
connecting line of the South¬
pany in perpetuity November 1, 1870, at $100,000 net per annum. ern Pacific of
California, extending from Yuma to New Mexico boundary,
Chartered as New Haven & Now London Railroad; sold in foreclosure
384 miles. The stock is $19,995,000. Rental for 1881, $622,355.
and reorganized under present title June 29, 1864. Dividends
3^ in
Southern Pacific of California. — Rood in operation
Jan. and 4 in July. Operations and
earnings for two years past were
April, 1SS1:
as
follows: 1879-80, gross,
$349,111: net, $154,486; 1880-81,
gross,
$416,620; net, $212,98*., ( Y. 32, p. 559.)
Sioux City <& Pacific.—Jau. 1,1882, owned from Sioux
City, la., to
Fremont, Neb., 107 miles; leased— Fremont
Elkhorn A Mo. Valley RR.,
For the year ending Dee. 31,
1881, the gross earnings were $625,635 and net earnings, $32,466. The
capital stock is $2,068,400, of which $169,000 is preferred, receiving a
dividend of 7 per cent per annum.
A majority is owned by Cedar
Rapids A Missouri Railroad Company. Oliver Ames, President, North
Easton. Mass. (V. 32, p. 232; Y. 34, p. 679; V. 35, p. 71, 182.>
255 miles; total line operated, 362 miles.
Somerset.—West Waterville, Me., to Anson, Me., 25 miles. Capitol
stock, $377,573. Gross earnings, 1879-80, $20,098, net, $3,580; 1880-81,
gr<ss, $26,881; net, $5,728.
South Carolina— March 31, 1882, owned from Charleston to
Augusta,
8. C., 137
miles; branches to Columbia, 68 m., and to Camden, 38 m.;
total main line and
branches, 243 m. A receiver took possession in Sept.,
1877, at the suit of 2d mortgage bondholders. A plan of reorganiza¬
tion to save foreclosure was made in
1880. In January, 1881, the com¬
mittee made essential modifications of the
plan (see Y. 32, p. 123). The
sale was made
July 28. 1881. and the road purchased by W. H. Brawley for the committee, for $1,275,000 over the first,
mortgage debt, and
t e®2nPany was reorganized with stock and bonds as above,
m trcb» 1882» a circular issued by the oompany (Y. 34. p. 345) said
aycrage gross earnings per year for twelve years past had been
“le average net earnings $464,634, being 37JB p. et. At
resent a little over 40
p. ct. of the eaniings are net after fully maintainJwtTi?*00
of tlie Property. The present fixed Interest charges
are $349*613.
Third mortgage Income, 6 per cent, $2,536,312;
mterest per year, $152,178
; oapital stock, $4,195,520 (balance of the
autnorized Issue Is in hands of trustees for
cancellation). The company
rzP
for improvements new first consolidated mortgage
iwT™ l38’P9!?J new second, $526,000; new third income, $463,687.
oashon hand,
$257,251. Earnings for five years past were as follows:
Years.
Miles.
Gross Eaniings.
NetEam’gs.
1877
243
$1,020,664
$426,910
1878
243
1,011,861
371,631
1879
243
1,052,023
337,745
1880
243
1,217,756
341,962
1881
243
1,233,901
500,951
-(V. 32,
i
Northern Division—San Francisco, Cal., to Soledad, 143 miles; Carnadero to Tree Pinos, 18 miles; to Monterey (leased), 15 miles; total, 176
miles; Southern Division—Huron to Los Angeles, 280 miles; Los Angeles
to Yuma, 249 miles: Los Angeles to Wilmington, 22 miles; total, 554
miles; total Southern Pacific, in Cal.,715 miles. At Goshen the Southern
Division meets the Sail Joaquin Branch of the Central Pacific, bv whioh
it reaches San Francisco and the main line of Central Pacific. 'i’he
pro¬
are Soledad to Lerdo Junction, 160 miles, and Mojave Junct.
to Colorado River, 278 miles, and this latter line was to be
pushed in
1882 to connect with the Atlantic A Pacific line.
(V. 34, p. 179.)
The Southern Paciflo, at its terminus at Yuma, connects» with the
Southern Pacific Railroad of Arizona, an independent but
closely
affiliated company, some 385 miles, to a junction with the New Mexico
Division of
171 miles more to El Paso.
A junction with the
Atchison Topeka A Santa Fe, was made March 17, 1981, and a
junction with Texas & Pacific at Sierra Blanca, 91 miles southeast of
El Paso, December 1, 1881. The bonds .above are in scries A, B, O.
jected Hues
andD, of which A includes $15,000,000 and B, C and D each $5,000,000;
there are also three other series, E and F of $5,000,000 each, and G of
$6,000,000; these latter are to be issued for new construction. Land
franttotal12,840 acres per mile, and proceedsacres, of whichpav bonds.
is grant is estimated at 11,000,000 of sales go to 7,000,000
ho
pertain to
road
Besides these sales a sinking fund of
into operation in 1882. Stock paid in is
$36,763,900. The Central Pacific Railroad Company has taken a lease
of the southern division of this road for a period or not less than flye
years from January, 1880, and by the terms of the lease “if a railroad
Is not completed in five
years from that date, so that there is a connec¬
$100,000
now
built.
per aunuiu goes
tion of the Southern Pacific Railroad of California with the Eastern sys¬
tem of railroads on wliat is known as the thirty-second parallel line, the
lease shall be extended until such connection is made, provided such
extension does not exceed five years longer, or ten
years in all,” from
January, 1880. By the terms of the lease, the net rental is $250 a
month, or $3,000 a year per mile, and if it shall be reduced by mutual
consent, the rental shall be at least sufficient to pay interest on bonds.
In 1881 the net earnings were $326,299 on northern division aad
$2,303,421 rental on southern division; total, $2,303,421, out of which
were paid $1,744,050 for interest and rental, and $174,445 other
pay¬
ments, leaving a surplus of $711,224. (V. 32, p. 99,101, 182, 336. 420,
569, 628, 635. 660; V. 33, p. 23, n. 75, 202, 502, 561, 623, 736; V. 34,
178, 707; V. 35,
p. 222
P’
73C; v* 34» p.Southern Pacific 79, 103.)
of New Mexico.—Road extends from Arizona State
MonAtobama. —June 30,1882, owned from Decatur, Ala., to Line to the Rio Grande at El Paso, Texas, 167 miles. Stock, $6,888,800.
Metnnwh^’rA18*’183
with a branch of 7 miles from Elmore to
miles; has
Southwestet'n(Oa.)—
Oo
Tbe road 18 controlled by the Louisville A Nashville RR. miles of branches, theFrom Macon, Ga.,to Eufaula, 144 to Columbus,177
main
71
hon’d iftina
“^ority of tho 8took and the whole of a 2d mort. miles. A lease was made one being from Fort Valley
Aug. 1,1869, to the Central RR. of Georgia,
Trust p!e„° $2,000,000, due 1910, which are pledged with the Union which
assumes the liabilities and guarantees 7 per cent on the stock,
aores cvn^
*or the L. & N. bonds, dated June 1.1880. 500,000
Louisville
^iabama, largely mineral, nave been transferred to the but 8 per cent is to be paid if 10 per cent is paid on Central stock.
In June, 1881, $32 per share in 6 per cent debt certificates was declared
$2 000 nan Y48?^6 Co* Common stock, $1,461,767; preferred stoek,
Central
deficit«?8<rtTgrP88earnings were $1,278,660; net, $251,739; bySouthwestGeorgia Railroad.
wio
Louisville A Nashville Co., $227,318. (V. 35,
Pennsylvania.—Greensburg, Pa., to Fairebance, P., 44 miles.
p. 162.)
Opened April 1,1873, and leased to Pennsylvania Railroad, which oper¬
Jonctinwpii*5 ^^yE^ceniber 31, 1881, owned from Newark to ates it at cost, paying net earnings as rental. In 1881 gross earnings
26mil Jr.
9^ 45 miles; leased—Alameda Point to Newark, were $710,595 and net earnings, $409,038. Interest on bonds and 8
bonds hut
11 jn Sauta Cruz, 6 miles; total, 76 miles. There are no per cent on stock were paid out of net eurniugs of 1881. 4 per cent paid
...
...
...
...
345*509 ?94, 42°' 544' 579; V’ 33, 125» 589’ 623’
469; deficit
fS.dnoodebt
of $ I >943,930. Gross earnings 1880, $386.-
^ pSd&Banfflalo.188!’ S*569.969) net, $25,993. A. G.
Railway
Mining Company.—Sou
ction to
.£
Richmond, Pa., 21 miles, with
,
a branch
tit Penneylfrom Rich¬
on
stock, March, 1882.
Spuytcn Duyvel de Port Mort'is.—Road is 6 miles in length aud esnnects
the New York.Central A Hudson with the New York A Harlem. leased
to New York Central November 1, 1871. Rental is 8 per cent on capital “
stock of $989,000. Operations are included in lessee’s returns.
liT
.RAILROAD
♦li.ih-crii.ors
tw
ill 4‘oiKor
1 i
*»
«r»*oat. fHvnr
or
BONDS.
iState Line A Sullivan—1st M., ccuv.
Staten Island— 1st mortgage
:
(red’bleaft.’88)
1878
742
18*1
45
Summit Brunch (/'«.)—Stock
1st mortgage bonds
1875
....
Size,
20
23
23
81
81
1st mortgage
Indianapolis—Stuck
81
43
57
....
$100Ae.
....
i ,ooo
500 Ac.
ITTas-Mcxican—1st mortgage, gold ($15,000 p. m.)
Texas A A’. Orleans of ’74—1st mortg. iandgr.,
coup
Texas A Vaeijic—Stock
1,389
1st mortgage, gold, coup. (E. Div.)
524
2d mort., consol., gold, coup. <E. Div.)
624
....
....
Income and land mort., reg
Lana scrip for int.on inc.mort.(conv.intost'korl’d)
1st mort., gold, land grant, Rio Grande Division.
New Orleans Pacific, 1st mortgage
Texas A St. Ixniiis— first mortgage, gold
Income bonds. 1st mort. on land and 2d on road.
Tioga R It. — 1st mo rtgage
Consolidated mortgage
Extension bonds
Toledo Ann Arbor A Grand Trunk—1st mort.,
Toledo Oatuula southern A Detroit—Stock
524
521
336
2< 6
190
54
54
•
gold.
•
•
1874
81
$200,000
300,OoO
475,6.4
1,000
1.000,000
5(H), 000
....
1S70
1875
18(57
187(5
1877
1875
100
1,000
....
1873
1.0(H)
50
....
1875
1875
1875
1880-1
1880
1880
1880
1880
1852
1876
50
1,0« 0
1,000
1,000
1,000
....
1,000
1,000
1,000
....
1,000
1,000
1,000
500
.
«
•
•
....
1881
1,000
....
....
State Line A Sulhvan.—May 1, 1882, own* d from Monroeton, Pa., to
Berenice. Pa., 25 miles. Originally organized
as Sullivan A PIne Coal A
RR. Co., which was sold in foreclosure Oct. 14, 1874, and a new company
formed December 2, 1874, under the present name. Stock, $990,000.
(par $50). The mortgage covers 5,000 acres coal lands. In 1881-82 gross
earnings were $171,343, and net earnings, $30,428.
Staten Island.—I-iOeal road on Staten Island, Stapleton to Tnttenville,
13 miles. Road was purchased by present owners In 1874, and is
187-90
270,000
1.000
50 Ac.
1,000
1879
1 879
18*1
1875
1 ,(XX),0(X)
2,500,000
1,000
1881
•
....
Outstanding
500,000
4,010.350
....
93
143
Ainonnt
50
'
Ind’napolis
1
Par
113
....
or
Value.
20
Suspension Bridge A Brie Junction— Stock
Ponds or 1873
Terre Haute A Logan sport.—Stock
1st mortgage, guar, by Terre Haute &
Texas Central—1st mortgage, gold
Date
of
Bonds
29
13
Sterling Mountain (AM .)—1st mort.. income, guar
Stockton A Cojrj)et'opoli»—1st mort., (guar, by C. P.)
Syracuse Binghampton A N. 1.—Stock
2d mortgage (now lirst)
Consol, mortgage (guar. I). L. A W.)
Syracuse Chenango <6 New York—Funded debt
Syr acuse Geneva A Corning— 1st mortgage
Tchuanttpcc lute/ocean— 1st mort. (for $8,000,000)
[Vou xxxr.
INTEREST OK
TlUiN.
of
explanation of column headings, Ac., see notes
on first page of tables.
Road.
Terre Haute <6
AND
by jrlvlii" tnunedfate notice of any error din«OTered in these
Tables.
Miles
i
STOCKS
l,750,0o0
261,400
967,800
700,000
1,988,150
1,(500,000
f>00,000
500,000
2,625.000
2,: 00,o0o
1.620,000
28,(557,000
3,969,000
9,131,000
8.202,(MX)
8 1 8,260
13,028,0(H)
6,720,1*00
2,(560,000
2,6(50,000
239,500
125,(XX)
265,000
1.2(50.000
Kate per
Cent.
7
7
7
5
3
7
7
7
2
7
When
DIVIDENDS.
Where
Payable
J.
&
J
....
Feb.
J. Sc J.
F. A A.
J. & J.
.
Payable, ami by
Whom.
^ t Oi'k S~— J jHat
Dividend.
N. Y., Union Trust Co.
Jan-
N.Y., Company’s Oiiicc.
New York.
N Y.. Central Paeifio.
Phila.,233 bo. 4th St.
do
do
..
1, 1899
Juiy*7."i895
January. pjo5
Pcb.
IB. ]87Q
Jan. 1. 1904
Yeaily.
J. & J. N. Y. Lake Erie A West.
F. Sc A. N.Y.,D. L.&VV.KU. Oo.
J. A D.
do
do
A. A O.
do
do
F. A A. Syracuse Savings Bank
7
7
7
7
4
7
Jwly 1, 1900
Aug., 1882
Jane, inn?
L. A T.Co
N«v. 15,1905
....
iSf.Y.,Farmers’
New
York.
F. A A.
A. A O
6
7 g.
6 g.
7
N.Y.,Farmers L.A T.Co.
J.
M.
J.
F.
-V.Y., Farmers’L.AT.Oo.
A J
A N.
A J.
A A.
do
do
New York.
N.
Y., 54 Exchange Pl.
Oct.
1. 190(5
Aug. 1, 1907
Aug.
i,
1882
1893
“isfio
Nov. 1, J9O0
July 1,1921
Aug. 1. 1»05
6 g.
6 g.
7
M. A S. Phila., N. York AIxmdon March
1, 1906
J. A D.
do
do
June 1, 1905
July. New YorkA Philad’phia Jan. 1, 1915
6
6
6
6
7
7
7
6
F. & A. N.Y., Mercantile Tr. Co
J. A J.
do
do
J. A D. New York and St. Louis.
g.
g.
g.
M. A N.
g-
J.
N.Y., Bk. or N. Amenoa.
A J. N.
1,547,662
Y„ Anthony, P. A 0.
Feb. 1. 1930
July 1, 1920
June 1.
June 1,
May 1.
Nov. 1.
Oct 1,
1910
1920
1882
1896
1905
Jan. 1, 1921
-
_
trol as the Mexican National. W. J. Palmer, President. Land
grant,
sections per mile. Stock authorized $1 ',0o0,000.
(V. 33. p. 528.1
14
Texas A hew Orleans (of 1874).—Houston, Tex., to Orange (Sabin*
River), 106 miles. In August, 1881, this oompany acquired the La. &
Western from Vermillionville. La., to Orange, Texas, 112
This was a reorganization, 1874, of the old Texas & NewOrleunaRR
The stock is $3,000,000, and in July, 1881. this was reported sold to
Q.
P. lliiidim'ton, of the Southern Pacific, at 85. Gross earnings 1830
$383,885; net, $176,138; 1881, gross, $763,361; net, $399,59Jj John
T. Terry. Pres., N. Y.
(V. 33, p. 75,218 )
Texas A Pacific.— Juno 1, 1882. operated 1,392 miles, as follows: Net
Orleans to Shreveport, La., 335 miles; Shreveport to Sierra RLuica
Texas, 745 miles; Marshall to Texarkana Junction, 69 miles, N. 0. <5
Pac. consolidated therewith. Shreveport to n.o., 336 miles when all built
The Texas A Pacific was built under act ot Congress of March 3,1871,
and other acta in 1872 to ’74, and the laws of Texa&r This company sunce-oded to the right of the Memphis El Paso A Paeifio Railroad and other
companies. By a contract made in January, 1880, with the Pacifln
Railway Improvement Company, the road was extended towards H
Paso on the Rio Grande, to meet the Southern Pacific of California, with
company previously made default July, 1874, and the $1,000,000 of $25,000 in bonds-an t $25,000 in stock per mile of road. The control
of the Texas Pacific stock was sold hy Thus. A. Scott to Jay Gould. The
old bonds were exchanged for the present issue guaranteed.
Fidelity Ins. Trust & S. D. Co. of Philadelphia are Trustees of the Rio
Sumtnit Branch (Pa.)—This company operated the Lykens Valley
Grande. Div. mortgage.
The stock authorized is $50,000,000. A con¬
RR. through the Northern Cent. RR Co., and it has a small branch, of its
solidation with New Orleans Pacific, share for share, was voted in Mat.
own to Summit Mines,
of a mile. TralHe is almost exclusively coal.
1881.
From the State of Texas the company had received 4,851,703
Gross receipts in 1881, including coal, $1,107,428: net, $121,8/9; from
acres of land, by building cast of
Fort Worth, on which the income
Lykens Valley Coal Co., $26,277; total. $148,156; interest and taxes, bonds are a lien, as also a 3d
mortgage on the road east of Fort Worth
$93,084 ; balance, $55,072. (V. 33, p. 125.)
There were also 1,000 certificates for 640,000 acres deposited in tnurt
Suspension Bridge A Brie Junction.—E;ist Buffalo Junction to Niagara for certain foreign claimants. The railroad lands in Texas, however, do
Falls and Suspension Bridge, 23^ miles. Road opened January, 1871.
not lie adjacent to the line of the roads owning them.
The land grant
It is leased to New York Lake Erie & Western Railroad Co. at 30 per by
acts of Congress were 20 sections per mile in California and 40
cent of gross receipts, which are guaranteed to be not leas than $105,000 sections per mile in the Territories between Texas and California. Tht
per annum. Loss to lessees in 1880-81, $17,901.
Lessees own all stock acts of Congress in regard to this road mode conditions as to time of
except 297 shares.
construction, Ac. See full statement as to lands in V. 31, p. 178.
Syracuse Binghampton A: New York.—Sept. 30, 1881, owned from Operations and earnings for lour yearsending May 31,1880, were M
Geddee, N. Y., to Binghampton, N. Y., 81 miles. Chartered as Syracuse follows:
& Binghampton and opened Oct. 23, 1854; foreclosed ami reorganized
Passenger
Freight (ten)
Gross
Net
Miles.
Mileage.
Mileage.
Earnings. Earning!
April 30, 1857, and leased to Delaware Lackawanna & Western. In Years.
4*44
1871-80 gloss receipts $869,154; net $322,335; interest on bonds. $141,15,004,800
51,022,434
2,331,310
708,138
444
50,723,818
11,651,044
2,136,143
544,91b
400; dividends, $50,DO; 1880-81, gross, $1,061,489; net, $597,915; in¬
444
11,438.607
66,446,382
2.589.220 1,045.703
terest on bonds, $141,400; divideud, $440,230.
(V. 32, p. 579.;
1880 81
18,168,412
102,472,593
3,201.777
563,766
Syracuse Chenango A New York.- Sept. 30, 1881, owned from Syra¬
The income account for four year ending 1880 was as follows:
cuse, N. Y.. to Earlville, N. Y., 43^ miles. The Syracuse A Chenango
Valley Railroad was sold in foreclosure and a new company organized
1876-77.
1877-78,
1878-79.
187940.
March 14, 1873, under the name of Syracuse & Chenango Railroad.
$
April 15, 1877, road was again sold in foreclosure and present company Total net income
708,133
538,329
544,916
1,045,706
organized, which also became embarrassed and passed into the hands of
Disbarsemen ts—
Mr. Janies J. Belden, January, 1879, as Rcoeiver.
In January, 1880. Interest on debt
663,120
557,867
658,049
656,370
the road wits sold to the Boston Hoosao Turn el A West, syndicate, and Sinking fund
69,620
litigation ensued. Stock. $500,000 comm*»n and $301,060 prof. Earn¬
ings in 1880-81, $90,173; net, $3,915. (V. 32, p. 101, 444; V. 33, p.
Balance
dof.19,538 sur.50,089 def.111,454 sur.312,963
178, 716, 736.)
—(V. 32, p 123, 205, 289.412, 445, 469, 526, 613,628,687; V.33,p.
Syracuse Geneva A Coming.—Sept. 30. 1881, owned from Corning, 48,102, 117, 155. 178, 256, 386. 404, 461, 470, 561, 623, 687. 716; V.
N. Y., to Geneva. N. Y.. 57 miles. This road was opened Deo. 10.1877,
34, p. 205, 292; V. 35, p. 52, 162.)
and is leased to the Fall Brook Coni Company. There are. in addition
Texas A St. Louis.—Narrow gauge road. Texarkana to Waoo. 250
to above, $563,090 2d mortgage bonds, due in 1909.
Stock is $1,162,
miles. Construction is in active progress on the Missouri and ArkanBii
800. In 1880-81 gross earn Lugs were $513,591; operating expenses,
divisions, and the company exacts to have aline from Bird's rem%
$329,377; net, $184,214.
opposite Cairo, to Texarkana, .a distance of 400 miles; also an extensioi
IV hv an tepee.— Rond In progress from Gulf of Mexico to Pacific Ocean. of the line from Waco to Gatesviiie, 45 miles, and the Dallas 6ranc“<
from Mt. Pleasant to Dal as, 125 miles, with a possible branch to
miles. To December, 1881, 40 miles finished, and about $1,600,000
expended. In Aug., 1882, the Mexican charter forfeited; see V. 35, p. phis, 40 miles, and another to Little Rock of 50 miles, completed <7 u™
182,213. Stock is $2,<>00,000. Ed ward Learned, President, Pittsfield, close of 1-82. Land grant is 10,240 acres for each mile or fluU5^“
Mass. (V. 33, p. 461; V. 35, p. 182, 213.)
road, except on one section of 36 miles, where only 5,120 a®re8Jr7
operated in connection with Staten Island Ferry Company. Capital
stock, $210,000. Earnings, 1879-80, $291,05(1; net, $71,388.. In 1380-1
gross, $304,000; net, $-0,000.
(Y\ 34, p. 107.)
Sterling Mountain (N. Y.)—Road runs from Sterling June, on the Erie
Ry. to Lakeville, about 8 miles. Bonds vtiar. by Sterling Iron A Rail¬
way Co. Stock, $80,000. Earnings 18=0-81, $20,057.
(V. 33, p. 359.)
Stockton A Oo'pperopo/is.—YrQsent company Is a consolidation, made
November 17, 1877, of the Stockton & Copperopolis and the Stockton A
Visalia. lane of road, Stockton to Oakdale, Cal., 32 miles, with a branch
ot 12 miles. Leased to Central Pacific Railroad Company for thirty years
from December 30, 1874. By the terms of the lease the lessee agrees to
pay principal and interest of the bonds. Capital stock, $234,500. Tin-
.
Terre Haute A Indianapolis— Oct. 31, 188!, owned from
TmPnapolisto
ill. State L.. 80 in., with coal branches, 34 in.; total, 101 in. The road was
opened in 1852 (as Terre Haute & Richmond), and lias been-one of'the
best of Western roads.
The company leases and operates the Terre
Haute A Logansport RR., also the St. Louis Vandalia A Terre Haute Road
on joint account with the Pittsb. Cm. A St. Louis
RR., at 30 per cent of
gross earnings, but guarantees the first and second mort. bonds. Earn¬
ings for 1 "70-80. $i jg7,135 gross and $146,695 net; 1880-81, $1,3u6,974; net, 277,487.
Terre Haute A Logansp.—Qet. 31,1881, owned from
Logansport, Tnd.,
to Rockville, Ind.. 9 1 miles; leased, Rockville to Terfe Haute, 22 miles.
Tot;il operated. 116 miles.
Formerly Ixigansp. Crawfordsv. A Southw.,
which was sold in foreclosure Sept. 10, 1879. and reorganized under
pr> sent name. Losksed by Torre Haute & Indianapolis Railroad for 25
per cent of gross earnings, and first mortgage bonds guaranteed by
that company. Rental year
ending Oct. 31. 1=81, $64,649.
Texas Central.—Line of road from Ross, In McLennan Co., to
Albany,
Texas, 1 ;7 miles. Gross earnings on 143 miles in 1880-81, $247,707;
net, $i28,6;0. 8took, $1 ,0(jO,(XjO. O. A. Whitney, Pres., N. O.
Tcxas-Mcxican*—Owns from Corpus Cliristi. Tex,, to Laredo on the Rio
Grande, i 65 miles. Charter covers 1,400 miles in all. Under same con¬
received. The income bonds are a first mortgage on lands anaSfu*
oud on the road. Lands in Texas are not on the lino of road.
stock authorized is $12,(>Oo,<iOO. In addition to the above.
1st mort. bouils and $l,t 00,(jOu of incomes have been issued on toe JJWV Ark Div.
J. W. Paramoie. President, St. Louis.—<V.32, p. lOU&af
544; V. 33, p. 102, 404, 624, 716 ; V. 34, p. 79, 147, 461, 479, 4fc0,6/V.
V. 35, p. 23, 103, 162, 182.)
Tioga.—Sep tern bor 7 0, 1880, owned from Araot, Pa., to State line
York, 44 miles; branch, Blos^burg, Pa... to Mortis’Run, Pa., 4
•eased, Elmira State Line Railroad, State line New York to N. 0. »“*r
way Junction, 7 miles; total, 55 miles.
Controlled by N. Y. LE. ® •
The stock is $580,900.
In 1879-80 gross earnings were J^J'/yJonA
net earnings, $103,448; in 18s0-."l, gross, $493,365; not, $18/.wv'
F. £. Drake, President, Corning, N.'W
Toledo Ann Arbor A Grand Tntnk.—Deo. 31,1 QS1, owned f ro,n
O., to 8 >. Lyons, Mich., til miles. A consolidation, Oct., 1880,
* w.
A Ann Arbor and Toledo Ann A. Sc Northeastern railroads. laae
from Tole io to Pontiac, 84 miles, connecting with Grand iru
Canada. Bonds offered in New York, June, 1881, at $15,000 per mno j
Anthony, Poor Sc Olipbant. Stock, $1,900,000.
Earnings h>r
$118.(572; net, $15,5j2.’ See Crroniclk June 18, 1&81, p. 651* t.
p. 155.)
,
^August,
RAILROAD
188?.
Date
,
Moli
lur-cxyunain u
.
oi
(H)lli ll!l iKiit litU, -i, CwO., l3<Ai
't,
not onm dative
JS'v
■«
do
Equipment bonds
Iron UK., 1st mortgage
incomes
do
union-lst mortgage,
OletrfieM-SUxik
2d mortgage
22
*
<? Boslon-'lBt mortgage, consolidated
S?w
Jl mortgage bonds (for $1,000,000)
Tyrone dt
ISO
’
income, nou-ouin
do
do
35
53
......
-
inoome bonds
1,825
;
10,514,789 acres
Omaha bridge bds, st’g, (s.f. about $G5,000 yrly).
Collateral Trust bonds
grant bonds on
Pacific, 1st mortgage, gold, land grant...
Kans. Poe.,oons. M..,g.<for $30,000,000),cn.orrg.
do
1st M.. g, op., on 140m. west Y >. Kiv.
100
Denver
gold, 140tli to 393d mile...
2d M.lto U.S.Gov.) on 394m.W. Mo.It.
let,394th to639th in., l.g.,3,000,000acs
140
253
394
245
1st mort.. coup., Graven worth Rr.)..
W lieu
Cent.
500 Ac.
1.000
...
Now Yoik.
F. A A.
J. & J.
F. A A.
1866-9
1866-9
1874
1867-9
1871
1879
1869
1879
1865
1866
1865-7
1869
1,000
1 .ooo
190.000
27,229,000
27,236,512
1,000
13,861,0<K)
5,384.000
1,960,000
£200
5,060,000
182,000
1 1,150,005
1
2,240,000
4,063,000
6,303,000
1,000
•
ns
1879.
Operating Expenses—
Maintenance of way....
Renewal of rails...
..
Per ct.
Miles.
Years.
1876-7—
Mileage.
16,853,882
23,829,494
30,501,683
28,252, )11
24,778,236
6,492,660
—
6,112,533
...
188 u-81
Mileage.
6,660,492
33.758
4 39,9 98
473,199
5,185.906
2,182,588
3*4,011
538,341
8,363 337
10,545,119
12,189,313
11,778,474
46-90
51-45
46-33
INCOME A COO 0 NT.
1880.
6.191.024
..
570,161
271,423
182,206
$276 614
274,747
288.519
July 1,1862 and July 2,1864. New Rloek
stock of the three companies, but their bonds
(See Chronicle, V. 30, p. 118.)
The comnajy
took a land grant oi 12,800 one.permile, estimated at a total of 12,083,227 seres, and a subsidy in U S.
Qds.
$‘27,236,512. - The interest and principal of tills loan is to
* paid
according to the “Thurman Act,” which requires 25 per cent
« toe
net earnings, after
deducting interest on the first mortgage
to be )»aid
annually to the Government as follows: First—
to interest account, one-half of Government earnings.
-To be placed in the
sinking fund—the other half of the Govern“rent
earnings; five per cent of net earnings, after deducting interest on
r"; mortgage bonds; so much of $350,000 as may be necessary
to
hiihrvi-?
oent oi U(5t earnings. The annual report for 1881 was pub
■Mer acts of
Congress above-named,
rjr™ *n V. balance sheiffand 376.
;->4, p. 289
■wountand
were
as
miles of road—the
same
The earnings, expenses, income
follows, but the earnings cover only
in 1880 and 1881;
earnings and expenses for 1880 and 1881.
1879‘
paaarnir^/S~
K ,7ei'~CaEb
uovrrninent...
1880.
W
$
4,236,870
15,075.515
48i,0l3
1,566,073
5,171.115
234,0:0
13,4u6.910
469,025
1,312,572
1,8J 1,502
.18,049/266
22,455,134
24,258,bl7
---
inno-'R
^•t-cash..10,572305
^vemment
4 43,(35
MaTj’Hliy Ac
express,
Total gre88
earnings
1881.
$
J.051,155
4,922,711
2> *8.-60
1.5' .3,599
2.064,1 i 9
11,778474
1,010,153
2 81,-49
1,332,678
13,204,417
ipts
Disbursements—
rnterest on debt
Discount, interest, premium, Ac*
)>i idends
Sinking funds.
Due United States on year’s business
13,111,152
$
5,174 473
114.315
:.(6) 3,045,738
434,000
1,779,sll
Total disbursements
10,543,337
Balance, surplus
2.656,080
GENERAL BALANCE AT CLOSE OF EACU
Assets—
$
3 54,713,629
?
on
U. S. bonds in
excess
3< >7.000
1,653,359
10,972.817
2,138,335
1881.
m c:
156.87R.069
“12,755.754
*16.375,035
2,563,360
of sink, fund
117,305
Materials, foci. Ac.
Union Pacific bonds and stock owned....
Denver Extension sinking fund
Coal lands and mines
Bonds and stocks held in trust
Laud department assets
117,lt(6
(7) 4,076,134
$
Railroad, buildings, equipment,. Ac
Stocks owned, cost
Bonds owned cost
d,
Advances
10
$
4,819,128
FISCAL YBAU.
1880.
lot.
$
11.91 <*.01 5
.
Union Pacific Railway.— December 31, 1881, mileage was as follows :
Main line—Council Bluffs to Ogden. 1,037 miies;
branches—Ogden to
Junction Central Pacific, 5 miles; Kansas City to Denver, 638 ; Denver
toCkoyenne, 106; Leavenworth to Laurence, 34; total owned, 1,820
nlles; controlled—Omaha & Repnb. Valley RR., 132 miles; Omaha N. A
Black Hills RR., 84; Colorado Central
RR.,328; Echo & Park City RR.,
32; Utah & Northern RR., 416; Marysville & Blue Val. RR., 38 ; Carbondale Branch, 82; Junction City A Fort Kearney, 71 ; Solomon RR..
57; 8olina & Southwestern. 36; St Joseph & Western, 252; Central
Branch Union Paoitio and leased roads,
388; Kansas Central, 150;
Denver & Boulder Valley., 27; Golden Boulder & Car,
6; Oregon
Baort Line, 64; Greeley Suit Lake & Pacific, 18 ; Denver South Park A
Pacific. 197; Man. Alma A Bur., 28; Nevada Central, 94; total con¬
trolled, 2,449 miles; total operated Dec. 31, 1881. 4,26j miles.
Inis was a consolidation,
January 24, 1880. ol the Union Pacific
kauroad, the Kansas Pacific and Denver Paeific, made under authority
“the acts of Congress of
wMiesuedfor the old
remained unchanged.
rec
1881.
$
-
T dal income.
Earnings.
6,246,817
493,719
Troy Union.—A small road In Troy City, extending from Hoosiok Street
Bridgo to Troy A Green bush RR., 2*4 miles. Owned jointly by several
roads. Capital stock, $30,000. Bonds were issued by the City of Troy,
and are guaranteed by the companies interested.
Tyrone dt Clearfield.—Bant Tyrone, Pa., to Curwonsville, Pa., 44 miles ;
branches, 9 miles; total, 63 miles.
This company was organized
April 1,1867, after wile in foreclosure. Road completed in 1872. It
was leased to the Pennsylvania Railroad iu 1878; rental was
$73,500.
J.N. Du Barry, President, Philadelphia, Pa.
Ulster dt Delaioarc —Sept. 30, 1881, owned from Rondout (Hudson
Biyeij, N. Y., to Stamford, N. Y., 74 miles. This was the Rondout A
Oswego in 1876; reorganized May 28, 1872, ns New York Kingston A
lyraeuse, and again, alter foreclosure, May 1,1975, as Ulster A Delaware.
Tliestock is $1,152,100. In 1880-81 the gross earnings were $237,166;
net earnings $25,619 Thos. Cornell is President,
P.ondout, Y. N.
..
Reccipt?
Gro
Earnings.
$560,764
560,344
593,896
$
2.179,071
1,709,426
4,121. M71
i.
were as follows:
Freight (ton)
1881.
11,910.015
..
Other
Passenger
1900
2,132,692
4
|H2.2‘i6; interest, $193,3 76; rentals. $27,400.
-
3,346,147
Net. earn ngs
Interest an I dividends.
Operations and earnings for live years past
Aug. 15. 1882
1,961 77.3
1.109,676
1,555.833
faxes...
General.
Troy & Boston.—September 30, 1881, owned from Tixiy, N. Y., to Ver¬
line, 35 miles; leased: Southern Vermont 6 miles; Troy A
Bennington, 5 miles; total operated. 46 miles. Net earnings in 1880-81,
Sock, $1,009,000.
1911
1894
1882
1903
$
total, 779 miles.
mont State
"inoi"
510,710
..
..
and Shanesville hr.. 1“2 miles; Southeastern Division, 185
miles; Cincinnati Division, 17 miles; Iron BK., 24 miles; line from St.
April, 1882, 465 miles
tn operation.
Foreaoli $9,500 in cash, subscribers l-eceivod $10,000 in
1st mort gage bonds, $5,000 incomes and $5,Oo() stock.
(V. 32. p. 6. 579;
V. 33, p. 48. 433,718; V. 34, p. 265, 317, 366. 3/0, 461; V. 3,7, p. 162.)
192 J1, 1021
Jan. 1, 15)10
Jan. 1, 1910
April 1, 1910
April ), 1910
July 1, 1910
April 1, 1921
April 1, 1921
April 1, 1921
April 1, 1925
1880.
$
1,701,536
816,853
to L>ayt<m
Lmilfito Kokomo, 270 miles;
/ividend.i
July
do
Toledo Canada
T Junction),
mi’i"
do
July 1, 1005
Q.—J. New York and Boston. July 1, 1882
J. A J.
do
do
1890 to 1899
J. & J. U.8.Treas., at maturity. 1896 to 1899
M. A 8. New York and Boston.
Sept. 1. 1893
A. & O.
do
do
1887
A. A O.;London, L. & 8. Fr. Bk.
April, 1896
J. & J.' N. Y., Union Trust Co.
July 1. 1908
M. & N. N. Y.t Bk. of Commerce.
May 1, 1899
M. A N.l
do
do
May 1, 1919
F. A A.|
do
do
Aug. 1, 1895
J. & D.
do
do
June 1, 1896
Payable qs by transportation.
1895 to *97
M. A N. N. Y., Loud. & Frank ft.
May 1, 1899
M. A N.'N. Y.. Bk <>f On,ninom>. Jan
1. 1896
6,366,000
1866
1,000
1,000
Pliila., 233 South 4th.
Co.’s Olhoo,
liondout,
i
SLx f.s—I nst
J. A J.
Jan. 1.
J. A J. N. Y., Nut. B’k of Com
M. A 8.
(lo
do
A. AO.
do
do
159,000
1,342,600
60,868,500
100
ills. Ow from Toledo to A Burlington an Toledo Cincinnati A St
Kuce) of the Toledo DelpliosKokomo, fnd., 181t miles; branch, Delplios
London.
J. A J.
New York.
A. A O.INew York and London
500,000
1,000
100 Ac.
Southern & Ditroit.—Toledo. Ohio, to Detroit (G1
Midi., 55 miles. Road opened September 1, 1873. Oper
ated by Canada Southern. The bonds were partly exchanged into Can¬
ada 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
or
i
pal,When Duo.
1
New York.
680.0(H)
1,000,000
....
•
Whom.
A. A O.
>
Parable, uml by
New York.
500X00
5o0,0 0
1,381.0 0
650,000
1,000
.
Where
250,000
900,(00
1.000
500 Ac.
1,000
1,000
1.000
1,000
—
7
New York
250,000
1,000
-
inviDKMH.
Buy nbk
2,250,090
2,259,000
....
34
1st mort.,
dr,
do
-
1876
1875
liaic per
250,009
1 ,O()0
....
1,038
road and equipment
mortgage currency (Government subsidy).... 1,038
do
on road (2d on land), sinking fund.. 1,038
do
do
1.000
1878
n:
»
] ,250,090
1 ,(09,000
1 ,009,000
) .000
1 ,000
_
guaranteed, Troy City.
Tinum Pacific—Stock
iVr mortgage, gold, on
2o
M
I «nd
1880
1880
1880
1880
1881
1881
1831
lssi
1881
1831
1881
1874
,
i ,s t
15,000.000
3,i oo,<*oo
3,000,000
1 .250,000
1 .(III»
»
Amoiint
|Outslamiii!g
500 Ac.
J ,0(10
1,000
1 -si
T. 1 to Kok
1st mort., Dayton Division
:
o(i M.. Davton Div., inc.. non-cum
]Ht mort., Tol. terminal trust “ A”....
1st mort., gold, .Southeastern Div
inoomo bds, Southeast. Div., mm eum
Ciiioiuuati Div., 1st mort., gold
'
'
i S'-11
- - -
-•
jM., inc.. noi.-oum
'
187-90
Louis Stook.
J
100
•t
i«wW- ’i'-lo-'o to K«k«,uo...
.
a”
Bondi
.
or
Par
Value.
v
any vrror «INcn verml in Hiomc Table*.
f \
Size,
Of
note.'
()f tables.
Med<> Oh'Cinunh * atfgumlnt mortgage. g,,m
.urf, income,
2( l ,
l
Tui. T iU l«t
BONDS. '
AND
for ;i irrr.H. fivnr »»y giving ini mediate notice of
will
Subscriber*
STOCKS
1,87 7,300
319,562
3,164,477
164.046
199.545
106.178
2,185,950
6,334,180
(2,195.950
185,165.541
200,477,246
,
Total
Liabilities—
6.074,212
1880.
Stock
Funded debt (see Supplement)
United States subsidy bonds.
Accrued interest duoon subsidy bonds
Bills payable, and all other dues an 1 ac¬
counts, less cash on hand and sundry
balances
Interest accrued not due
Balance of income acoount
1Q81.
59,762.300
82,623.114
60,868,500
33,539,512
12,133,976
1,519,835
8-M 18,133
3 1,539,512
12,590,388
4,035,078
782,721
780.7G6
3,804.083
6,514,868
Total liabilities
185,165.541
209,477,246
The securities hold at oloeo of the year 1881, amounted to $20,920,430
bonds and $25,335,70 • stocks, at their par value, of which the cost in
the balance sheet is $29,139,809. A complete list of these was pub¬
lished in the Chronicle, V. 31, p. 289. The land department reports the
-
following for 1881
;
Net proceeds, Union Pacifio land grant 1881
Net proceeds Kansas Pacific land grant 1881
Not proceeds of other lauds, lots and income
Total in-1
proceeds for the year
Deduct interest paid on consol, bonds
L°avo> not proceeds
earnings for 18-il
$356,913
313.012
121,671
$791,598
81,000
$707,598
given on 1.H20 miles only, and the gross
earnings of that year are staled at $24,258,8 L 7 ; but a note savs the
grown earn n^s of the Union Pacific system, together with its branch
lines, for i he year 1 8 -1 were hut little snort of $30,000 000. This is the
sum total of information given in regard to the business over the new
lines of th- co npanv. T io report s iys “ the iota! length of the Union
Pacific Ball way and branch lines is 4.270 miles,” so it appears from this
that all this mileage having b en open by the. end of 1881, an l m »*t of it
having been operate l during that yoa»\ ho mas earnings on 2.450
miles were about $5,759,000.' While the yo a- 1831 was in progress the
monthly reports of earnings issued ^liowe i a large increase over 1830,
and the earnings on new road were to some exteur. oviloitly in¬
cluded in the returns, as the total for the year i b81 was made $27,451,831; but vs hen the annual ltiporr. was issued tht*. .earnings were only
t^iven for the same miiea^e as in 18'0, with no informution about, the
T.n
are
earning*; of ulijthe other lines.
It would have boon very sat! faotory to
RAILROAD
Subscribers will confer
a
great favor by giving Immediate notice of any
DESCRIPTION.
Miles
explanation of column headings, Ac.,
on first page of tables.
For
Union Pacific—(
or
Par
Value.
1866
1870
1871
1871
1871
1871
1871
1878
1853
1854
1862
do
do
do
dollar loan, mortgage
gold loan, reg.
(
o. s
plain bonds
do
do
do
....
171,142
21,090,400
5,669,000
2,000,000
1,846,000
1,800,000
154,000
1,000
280
36 L,
75
105
Utah Central—Stock
1st mortgage, gold
Utah Southern, 1st mortgage, coupon
general mortgage (for $1,95
do
138
Utah Southern Extension, 1st rnort., guar.
Utah dk Nevada—Stook
Utah c£ Northern.—1st mortgage
Utah dk Plecmant Valley— 1st mortgage, gold.
187.
415
62
180
87
36
16
98
31
11
ffiica <& Black Rivei—Stock
Mortgage bonds
Black River A Moms town, 1st mortgage.
.
Clayton & Theresa, 1st mortgage
Utica Clinton dk Binghamton—lot mortgage.
Valley (N. Y.J-Stock
Valley < Ohio)—Mortgage for $4,000.000
Vermont dk Canada—Stock
Mortgage bonds
.
~
73
Misaisouoi Railroad bonds
stockholders to have
a
1870
1871
1879
1879
1,000
1878
1879
1*000
1,000
1,000
1,000
555,860
4,986,000
900,000
1,772,000
200,000
4,000.000
790,000
750,000
1,600,000
2,598,000
3,000,000
500 Ac.
moro
500 Ac.
1
certificates. $538,230; Denver Extension coupon certificates, $877,065;
Denver Pacific bonds, $2,002,000. They also held $2,875,800 of the
stocks and $2,143,000 of the bonds of other companies controlled by the
Union Pactic. In funding other bonds into the consol, mortgage, the old
Kansas Pacific, securities were exchanged at par, except as follows
The
“ funding mortgage ” bonds received
nothing for 5 over-due
cent
and nothing for over-due interest; stamped incomes at 30 per ce*it;
second land grant at 50 per cent. Tim interest on Denver Extension
bonds (sevens due May 1, 1899) was reduced to 6 per cent.
The Denver Pacific—Denver to Cheyenne, 106 miles—was built under
the charter of the Union Pacific, E. I). (Kansas Paoiflc), and opened
January 1, 1871.
The Denver & Boulder Valley was opened under a 99
lease from 1873. The company made default, aud a receiver was
appointed April 4, 1878. The stock of $4,000,000 went into tills consoli¬
year
dation January 18S0, and the bonds are retired with the consolidated
mortgage of the Kansas Paeifio. (V. 32, p. 92, 123, 232, 285, 412, 600,
660.687 ; V. 33. p. 12, 46,93, 126,359, 470, 491, 624,642.736; V.
34, p. 116, 178, 289, 291, 292, 317, 376, 435, 461, 625, 655'; V. 35, p.
71,133.182,205.)
United New
Jersey RR. dk Canal Companies. -Lines of road. New York
to Philadelphia and branches, 125 miles; Canid
Camden to Amboy and branches,
.
and branohes, 89 miles: total
operated, 430 miles. Delaware A Raritan Canal, 66 miles. The United
Jersey Railroad & Canal Companies were leased in May, 1871, to the
New
Pennsylvania Railroad for 999 years, at a rental of 10 per oent on the
stock, besides interest on bonds. The smaller leased roads were taken
with their several contracts.
The Belvidere Delaware was leased to the
Pennsylvania Railroad March 7, 1876, and since January,1,1877. has
been operated as the Belvidere Division of United New Jersey Railroad
system. The net earnings are paid over to the lessors in full as rental.
The lease has not been profitable in cash receipts to the Pennsylvania
Railroad, and the net loss in 1879 was $939,889. and in 1880 $1,035,308, and $302,864 in 1381; but the connection with New York was in¬
dispensable. Operations and earnings for live years past (inoluding the
©anal)
Tears.
..8781
were as
follows:
Passenger
Miles.
Mileage.
373 143,132,968
373 139,245,413
373 146,914,158
Freight (ton)
Gross
Net
Mileage.
Earnings.
$8,960,697
8,398,534
9,784,843
Earnings.
$2,694,480
2,895,592
256,134,099
255,027,095
332,298,977
381,885,409
Div.
p.
ct.
10
...9781
3,283,981
...0881
171,055,377
11,544,681
3,329.473
1881..
197,366,974 480,995,898 13,022,864
4,211,580
—(V. 34, p. 288.)
Utah Central.—Dec. 31, 1881. owned from Ogden, Utah, to Frisco, 280
miles. This was a consolidation July 1, 1881, of the Utah Central, Utah
Southern and Utah Southern Extension. Stock placed on New York
Stock Exchange Dec., 1881. Earnings from July 1,1881, to April 1,
1882, in V. 34, p. 509. Sidney Dillon, President. (V. 33, p. 687; V. 34,
p. 509; V. 35, p. 162.)
Utah dk Nevada.—Dec. 31, 1881. owned from Salt Lake City, U. T., to
Terminus U. T., 37 miles. The Utah Western made default January 1,
1878, and the road was held hy trustees for the bondholders, and was
Jo.’oolosod Nov. 3, 1880, and this company organized. (V. 32, p. 356.)
....
Q.-J.
M. A
Phtla. and N. Y. Offices.
S.
M.
M.
F.
M.
F.
J.
M.
A.
\o, 1882
Philadelplda, Office.
do
}’ 1894
Dct. 1, 19°1
Mob. 1, i894
Mch. 1, i894
Feb 1, 1888
do
London.
do
A 8.
A S.
A A.
A S.
Philadelphia.
do
A.
Philadelphia Office.
D.
Princeton, N. J.
N.
Philadelphia Offlos.
O. N. Y., B’k of Commerce.
New York, Office.
Q-J.
Kountze Bros., N. Y.
J. A J.
do
do
J. A J.
do
do
do
do
J. A J.
Sept. 1, 1908
1, 1883
J.an- 1, 1889
N«v. 1, 1889
A
A
A
A
Overdue.
(1) 1882
1, 1890
•Mr 1. 1891
•My 1, 1909
July 1, 1909
....
J.
M.
M.
J.
J.
J.
M.
J.
•
J.
4
8
5
7
J.
J.
A.
J.
* J.
New York,195 Br’dway. July 1, 1908
N.
New York Otfloe.
1904
8.
Utioa.
Mar. 30,1882
J. N.Y., Nat.Bk.of Com’oe.
Julv. IRQ]
do
do
J.
Jan.’ 1, 1894
do
do
A J.
A N. N. Y., D. L. A W. RR.
May 1, 1882
A J. N. Y., Cont. Nat. Bank. 1836 & 1890
N. Y., D. L. AW.
(1)
A D.
1906
A
A
A
A
A
•
•
•
■
....
A D.
A J.
A O.
Boston, E. Blake A Co. June 1,’ 1872
Boston,Nat.Bk.of Redrn July 1, 1891
Oct., 1909
A J. 8t. Albans, W. C. Smith.
Jan. 1. 1891
from Ogden, Utah, north into Idaho
Ogden to Butte, Mon., 415 miles built to Jan. 1, 1882. The
Ve
Vt,
$1,016,060 ; net, $552,416; 1881, gross, $1,359,583; net,$602,619.
(V. 33, p.93, 346.)
Utah dk Pleasant Valley.—Line of road Provo, Utah, to Pleasant Val¬
ley. Utah, 60 miles. Road opened in 1879. Bonds sold in New York m
1880. Road sold in foreclosure June 12, 1882, to Denver <fc Rio Grande
West. RR., which extended it to Salt Lake City, 50 miles. (V. 34, p.688.)
Utica dk Black River.—Sept. 30, 1881. owned from Utioa, N. Y., to
Philadelphia, N. Y., 87 miles; leased linos to Morristown, N. Y., to
Ogdensburg, to Sackett.’s Harbor and to Clayton, 93 miles in all; total
operated, 180 miles. The company 1ms paid its rentals and moderate
dividends for a number of years.
The general aocount, September
30, 1881, was as follows, condensed:
Stock
$1,772,000
Bonds
1,112,000
Sundry accounts and balances
55,645
Surplus fund
320,277
Total
A
$3,259,922
Road and equipment
$2,878,702
Leased lines, stocks, bonds and advances
311.367
Sundry accounts
7,753
bonds. $187.650; income (subordinated) bonds, $3,036,400; Leaven¬
worth Brunch, coupon certificates, $56,980; first land grant, coupon
certificates, $243,851 ; second land grant, coupon certificates, $160,020;
Eastern Division coupon certificates, $297,240; Middle Division coupon
225 miles; Trenton to Manunka Chuuk
Foj
Bk. of Commerco
Lond. A FrankTt.
were
second land grant, 1,499,000; income (unsubordinated)
per
Dividend
road was sold iu foreclosure March 28, 1878.
Transferred to present
company May 1, 1878. Stock $4,986,000. The road is mainly owned
and built by the Union Pacific. For the year 1880 the gross earning
3,000,000 acres in the second grant, from the 380th mile westward, aro
covered by the Denver Division mortgage. The outstanding bonds of
Kansas Pacific above are given less the amounts of each class held by
tlic trustees of the general mortgage. The second land grant mortgage,
with various other bonds. wa« taken up with the general consolidated
mortgage of May 1, 1879, which covers road and lands; the trustees ot
that mongage are Jay Gould and Russell Sage, and they held in trust on
Jan. 1, 1882, the following bonds or the Kansas Pacific, making $10,831.686 in all, viz.: Lea veil worm Branch, $500,000; first land grant,
Leavenworth branch and unstamped incomes at 50
g-
i> locks
Utah dk Northern.—In progress
Territory.
Of the Union Pacific collateral trust bonds, the issne is limited to 80 per
cent of the following bonds: Omaha & Republican Valley RR, $850,000;
Colorado Central Railroad bonds, $2,526,000; Utah Northern Railroad,
about. $3,480,000; total, $6,856,000. The collateral trust bonds area
direct obligation of the Union Pacific Company, and have as their security
the first mortgage bonds of the roads named pledged witli the trustees.
The excess of interest collected on hypothecated bonds—say $22,000 per
year—forms a sinking fund to reduce the principal.
The Kansas Pacific extended from Kansas City, Mo., to Denver. Col.,
639 miles, with Leavenworth Branch, Lawrence to Leavenworth, 31
miles. It was organized as “ Leavenworth Pawnee A Western” in 1861,
tlidti changed to “ Union Pacific, Eastern Division,” June 6, 1863, and to
“Kansas Pacific” on March 3, 1869. The Pacific Railroad acts of 1862
and 1861 applied to this road, and gave it a subsidy of $6,303,000 and a
laud grant of about 6,000,000 acres. The lands mortgaged were put in
two trusts, 2,000,000 acres in the first, from the first to the 380th mile
westward, covered by the first and seoond land mortgages, and
coupons;
M. A S. N. Y.,
J. A J. N. Y.,
7
500,000
detailed account of the business and
prospects of nearly 2,500 miles of their road.
$1,428,250:
t
Where Payable, and by
Whom.
Payable
When
4
1,500,000
50,000
500 Ac.
g-
7
2
7
7
7
3
6 A 7
500,000
ioo
g-
“7*
1,112,000
500 Ac.
’66-’72
erroifdiscovered lnfthese Tables.
'A. A O.
6 g.
7
7
7
950,000
100
g.
l1*
1,950,000
1,000
1871
1874
1871
1879
1871
1O8.7,6-90.
100,000
4,225,000
1,000,000
1,000,000
100
73
Bonds, guaranteed by Vermont Central.
6
6
6
6
6
0
6
6
6
6
1,700,000
866,000
5,000,000
1879
.
2hj
841,000
1868
N.
7
7 g.
6 A 7
52,500
ioo
gold and currency, coup
Umiea Co.’s mortgage, sinking fund, registered..
Joint
Rate per
Cent.
$1,051,300
250 Ac.
379
General inortg.,
do
do
Outstanding
$50 Ac.
Coupon certificates
United N. J. IiR. dk Canal Companies—Stock..
t
1
Amount
Continued)—
427
[Vol. xxiv.
INTERESTJOR&DrVIDENDS.
Size,
of
Road. Bonds
notes
see
Date
of
Kans. Pac., Income bds, coup., 3d M.on 427 miles
do
1st I’d bds.cp.or rg.,g.,on 2.000,000 aos
do
BONDS.
STOCKS AND
turn
ICO
tlil'OI
New
acco
its pi
chari
Dece
Cana
rents
road
almo
Conn
the I
since
of Jai
leasei
-
pery<
years
This (
8epte
62,100-$3,259,922
Cash...
Income Account
Net income, aM sources
Interest
Rentals..
road
quent
the in
Shrift
toWa
lease
Johns
:
$81,440
$255,638
71,723
Dividend, 4 per cent
*
70,880— 224,043
Balance, surplus
—...
$31,595
Add surplus, Sept. 30, 1880
288,682
$320,277
Surplus, Sept. 30. 1881
The surplus is chiefly represented by advances to leased lines. The
Ogdensburg extension is doing well, and promises to bo a good inveetmeut.
Years.
it, the
,
treal
road(
Essex
The 4
Operations and earnings for five years past wore as follows:
Passenger Freight (ton,
Gross
Net
Div.
Miles
Mileage,
Mileage.
Earnings. Earnings, p. ct.
170
5,065,167 $453,576 $220,261
5,336,245
239,292
453,145
170
5,266,280
5,205,965
.
..
180
180
180
-(V. 32, p. 205
5,221,906
6,062,017
5,836,600
9,204,785
7,377,' 99
12,918,373
V. 34, p. 113.)
mileaj
of tri
Smith
$4,07i
m*t, $
184,977
315,771
246,780
475,508
590,760
693,170
the
Mass.,
Kit. f(
Utica Ohenango dk Susquehanna Talley.—Sept. 30, 1881, owned from
Utioa, N. Y., to Green, N. Y., 76 miles; braneli to Richfield Springs,28
miles; total, 98 miles. Road opened October, 1872. Leased to
Lackawanna & Western at 6 per (Mint on stock. Has no bonded debt
earnings, 1879^80, $544,616; net earnings, $261,873; dividend
payments, $240,000.
Gross earnings, 1880-81, $721,882; net, $317,478; dividends. $240,000.
Utica Clinton dk Binghamton.—Sept. 30,1881, owned from Utica, N.Y,
to Smith’s Valley, N. Y., 31 miles.
Opened Juno 22,1872, and leased to
New York & Oswego Midland Railroad.' The lease was transferred w
the Delaware & Hudson Canal Go., which pays the rental of
annum.
The road is operated by the Delaware Lackawanna & Western.
Gross
Gross
earnings in 1879-80, $82,553; net earnings, $30,727.
Capital Aook, $636,285. Ieaac Map
1880-81, $123,409; net. $58,003.
nard, President, Utica, N. Y.
Valley (N. T.) Railroad.30, 1881, owned from Binghamton*
State line of Pennsylvania. 12 miles. Opened Ootober,
Leased to Delaware Lackawanna & Western. Gross earnings in lo'9-ou,
$284,641; net earnings, $167,121. In 1880-81, gross, $330,841
$187,744. Dividends paid, $60,000. Samuel Sloan, President,
York City. (V. 32, p. 92.)
Valley (Ohio)—Deo. 31, 1881, owned from Cleveland, O., to Canton*
59 miles, and 5 miles of branches. Total projected, 130 miles- La
ings iu 1881, $275,673; net, $116,798. Stock, $763,253. (V. a**
247; V. 34, p. 605.)
N. Y., to
Va
timoro
687 ; V. 33, p. 178, 562; V. 34, p. 577.)
Vermont dk Canada. -Essex Junction, Vt., to
Rouse’s
Pohtt, Vt..
^7
:, vi., io Burlington, vi.,oiuuot, v---.
miles; branches—Essex, Vt., to -nurmigwm, Vt., 8 miles; Swantom » p
ll»S heeU
HU*®’*
to Canada line, 10 miles: total, 65 miles. This road has been nnx
inextricably with the Vermont Central, hy whioh it was lcoperated, and the bonds of 1871 were guaranteed by tne
Central.
In 1879 the stockholders voted an issue
bonds to take up those guaranteed bonds.
No satisfactory
have beon issued. In December, 1880, the Court decided in lavo
-
fAfnl
tyOIoo
this company’s bonds.
(V. 33, p. 610.)
priority of
Mass.
]
se
Ten
*Thia
F. A. Brooks,
President,
*
5
_
Yen
Bratti
RK. fi
trolled
•hposi
of
bo|
S>8,0(
lva¬
lue e<
made i
Pei* eei
with ii
tent fo
third
ii
P/eferi
report
March
C60;
\
Gordoi
Lynchl
Brand
which
total c
miles;
owned
Har;
operati
to
vas a
fcsas a
* Man:
mdria
hnd &
ii
«i4 afi
Pnia M
[The l
fcopom
Id the
*ond d
*
the j,
‘Great
Of the
r
August,
KAILROAD STOCKS AND
1882. J
BONDS.
lvii
Subwrfl>eri will confer a great flavor by giving Immediate notice of
any error discovered In these Table*
DESCRIPTION,
Miles
pnrexulauation
ror
►16
Date
Size,
of
of ooluum headings, &c., see notes
of
first page of tables.
Road. Bonds.
180
Vermont Central— 1st mortgage,
2d mortgage, consolidated
oousolidated
.*
Equipment loans
Stanstead, S. & Cliambly bonds
■
1806
’"
....
....
....
and extension bonds (to pay float’g debt)
Vermont <6 Massachusetts—-Stock
1st mortgage (sinking fund $7,000 per year)
Convertible bonds
Vermont Valley of ’71—1st mortgage
Income
....
59
77
$100Ac.
1800
100 Ac.
500 Ac.
100 Ac.
1800-9
i867
1872
1,000
100
100 Ac.
....
1865
1872
1880
1,000
01881
Vicksburg <£ Meridian—1st mortgage
2d mortgage
3d mortgage, income (not cumulative)
2d series
3d series
4th series
•
•
•
•
....
[[[
....
....
5th series.
6 th series
Income bonds, cuinulative
908
24
140
140
354
Bonds, 1st series
do
do
do
do
do
....
140
Virginia Midland -Stock
i90
m
K)9
m
....
....
“
....
52
Virginia d Truckee—Stock (for $(>.000,000)
1st mortgage bonds (payable $100,000 a year)***
52
Wabash St. Louis d Pacific—StooK, common
* ' 2,404
Preferred stock, 7 per cent, (not cumulative)
General mortgage, gold (for $50,000,000)
All.
....
882
90
1st wort. bonds on Champaign Hav. A West.,
do
1st pref. income
1st mort. bonds on Chicago A Strawn...
1st mort., gold, on Cairo Division
1st mort., gold, Detroit Division
1st mort,, gold, Indianapolis Division
872
891
39
Indianapolis P. A Clue.. 1st mortgage
891
ned
taw
519.
Val¬
le m
mde
:8 .)
to
,
to
otal
rate
aber
,000
,000
,645
V27
,922
U043
i,595
28ift
>,277
The
vert-
from
.»5
22
erawi
debt
dnedi
-,7135
N.Y..
dtoi
e
■ed to
rep0)
i*
Map
mton.
1871.
79-80,
net
;
112
87
'ioo
1881
1881
1881
1881
1881
1881
1882
....
....
....
ro
Ear*
33, P,notni
Bal*
32, p.
r
n,
.tf
47
Vfc,
d
and
det
np
tnon ■
0
new
atropu
fthe•
o
loeton,
„
1,000
100
100
....
....
1880
1880
1.000
1880
1881
1881
1881
1,000
1,000
1,000
1,000
1,000
143
)
75
167
1881
1853
1853
1
Rate per
$3,000,000
6
0
5 A 6
3-4-5
5
4 A 5
0
1
10
(V
700,000
20,921,500
23,033,200
17,000,000
1,210.000
340,900
4,500,000
2.500.000
M.
J.
M.
J.
lh
0 g.
0
rv
'
Whom.
Boston,Nat.Bk
do
do
St. Albans, Treasurer.
Bost.,N.Bk. of Iiedemp.
Boston, Office.
Boston, Fitchburg RR.
do
Stocks— Last
Dividend.
of Redm
do
do
Bonds— Princl*
pal,When Due.
do
Nov.
1. 1880
1891
1870 to 1889
Jan. 1. 1887
19. >2
April 7, 1882
July 1, 1883
July l. 1885
...
New Yors.
do
M.
M.
M.
M.
M.
A
A
A
A
A
M. A
J. A
S
Baltimore.
S.
do
S.
do
8.
do
S.
do
S.
do
J. New *l ork or Alexand’a.
M’nthly
Q.-F.
San
Frau., Bank of Cal.
....
....
Q.-F.
J.
J.
N.
A D
A D.
Y., Co.’s Agency*
6 g.
7
7
M. A S.
F. A A. N.
F. A A.
do
do
J. A
J. A
J. A
J. A
do
N. Y., Co.’s
do
1921
Mar. 1, 1906
Mar. 1, 1911
Mar. 1, 1916
Mar. 1, 1921
Mar. 1, 1926
Mar. 1, 1931
Jan. 1. 1927
Monthly.
Aug. 1, 1889
....
do
5
5 g.
0 g.
6 g.
7
J.
J.
J.
D.
1920
April 1, 1921
May 1. 1921
June 1,
....
....
3,857,000
Where Payable, and by
A. A O.
M. A N.
3 to 0
7
0,000,000
599,158
1,825,895
1,013,245
921,820
1,753,162
1,310,000
4,000,000
900,000
A N.
A D.
A N.
A J.
M. A N.
A. A O.
J. A J.
J. A J.
0
150,000
750,000
1,000,000
1,000,000
1,920,000
2,300,000
Payable
7
7
8
7
8
3
0
7
5
1,500,000
1,500,000
444,100
1,508,600
3,050,000
550,000
2,052,000
2,000,000
275,000
300,000
When
Cent.
Outstanding
1,000
1.000
INTEREST OR DIVIDENDS.
Amount
1,000
Agency.
do
do
do
do
do
do
do
Y., Metropolitan B’k.
Nov. 15, 1881
June 1, 1920
Dec., 1910
July 1. 1910
Oct. 1,
1931
July 1, 1921
Jan.
1, 1921
Mar.
1, 1921
Aug. 1, 1890
Aug. 1, 1890
do
do
Vermont Central (or Central Vermont).—Windsor, Vt.,
to Burlington, and Gordonsville,
Vt 120 miles; branches and leased lines, 299
miles, included in the re¬ and the Warreutouincluding lease of Charlottesville & Rapidan Railroad
Branch; the second series is a
turns of the Vt. Ceil. Co. Other leased lines, New London &
Northern, Alexandria and Gordonsville, including Warrenton second lien between
100 miles; Brattleboro A Whitehall, 30 miles. This
Branch and lease of
company has been Charlottesville A
Rapidan RR., and a first lien between Charlottesville
through more complicated and vexatious litigation than
any railroad in and Lynchburg; the third series is
New England. Poor’s Railroad Manual ot 1879
a third lien between
Alexandria and
gives the following Gordonsville.
account of it: “ This company (Central Vermont) was
including Warrenton Branch and lease of Charlottesville
chartered under & Rapidan RR., and a second
lien between Charlottesville
its present title, Nov. 2, 1872. The Vermont Central
and Lynch¬
Railroad Co. was burg ; the fourth series is a fourth
chartered October 31, 1843, and the road
lien between Alexandria and
opened to Burlington ville, including
Warrenton Branch and lease of Charlottesville & Gordons¬
December 31, 1849.
August 24, 1849, it leased the Vermont A
Rapidan
RR., and a third lien between Charlottesville and
Canada Railroad, then under construction,
Lynchburg; the fifth
agreeing to pay an annual series is a first lien between Manassas
rental of 8 per eeat on its cost, and
Junction and
creating a mortgage on their own cluding Front
road as security for such payment. This lease has
Roy'al Branch and lease of road from Harrissonburg, in¬
been the subject of
Strasburg to Harrissonburgto the B. & O. RR., and a fiftn lien between
almost continual litigation since 1854. The
Vermont Central Railroad
Alexandria and
Company having defaulted on its interest and rental, the trustees under Gordonsville, including Warrenton Branch and lease of Charlottesville
A Rapidan RR., and a fourth lien
the lease took possession of the road June
between Charlottesville and
28, 1852, and it has ever burg; the sixth series is
Lymchsince been operated by them under direction of
a first lien between
the court.
On the first including Pittsville Branch
Lynchburg and Danville,
of January, 1871, a lease was taken of
and lease of Franklin A
the Rutland Railroad and its
Pittsylvania RR./
and a sixth lien on lease of
leased line, the Addison Railroad, the lessees
Charlottesville A Rapidan Railroad.
agreeing to pay $370,000
The $4,000,000 income bonds were
per year, and in ad lition $40,500 a year for four
issued to retire 1st and 2d
years; $07,500 for two
preferred
stock,
years; $81,000 per year for six years, and
preferred to be entitled to exchange
$94,500 per year thereafter shares every 10 snares of a
for.10
of common and
This contract was modified
$1,000 income bond. The company issued
February 25, 1870, as hereafter stated. In additional common
September, 1861, a lease was also taken of the Sullivan
stock, making the total $6,000,000.
Tlie general account December
County Rail¬
road of New Hampshire, at an
31, 1881, was as follows :
annual rental of $25,000, but
subse¬
Ur.
quently modified so that the rental depends on earnings.
Cr.
About 1807 Capital stock
the managers of the Vermont Central
$4,902,000 Cost of road A prop’ty $15,737,363
Railroad purchased the Staustead
Income bonds
Shefford A Cliambly Railroad,
3,412,081 Coustruet’n Ac-quip...
extending from St. Johns, P. Q., 43 miles, Bonds issued
158,338
to Waterloo., P.
Q., paying therefor $500,000 in bonds.
7,423,281
They also took a Bills A accounts paya¬
lease of the Missisquoi Railroad.
The road from Canada Line to St.
($15,895,701
Johns is also operated
ble, Ac
210,381 Materials and supplies
by' this company', and is practically a portion of
it, though chartered by' the Provincial
Unpaid interest
on hand
2,715
Parliament under the title of Mon¬ Connect,
51,167
treal A Vermont Junction
lines,Ac.,bal.
176,592 Connect, lines, Ac..bal.
Railroad Co. The Vermont & Canada
223.445
Rail¬ Profit and loss
road extends from Essex
Junction to Rouse’s Point, with
121,015 Cash
80,753
branches
Essex to
Burlington, and from Swanton to Canada line, in all 05 from
The 47 miles from Essex
miles.
T#tal
Junction to Rouse’s Point are included
$10,254,008 l
Total
$10,254,068
in the
mileage of the Central' Vermont RR.” The road is
Earnings for the years ending December 31 were:
of trustees
managed
Miles.
Gross earniugs.
appointed by' the Chancery' Court of Vermont. by a board
Operat’g exo’ses. Netearn’gs.
J. Gregory
Smith is President. In the
354
two years, 1870-78, the
$1,247,570
$805,440
$381,970
gross earnings were
$1,076,702, and net earnings, $1,401.139;
1,333.540
707,988
1879-80, gross, $4,320,978 ; -(V. 32, p. 0, 71, 92; V.
505,557
lift, $1,220,025. The foreclosure
33, p. 250, 275, 624; V. 34, p. 265, 292.)
suit lias been
the second
pending a long time on
mortgage. (V. 33 p. 010; V. 35, p. 188.)
Virginia d Truckec.—Reno, Nev., to Virginia, New, 52
Vermont d Massuch isetts.—Line of
miles; branch
road, Fitchburg to Greenfield, line, Silver Junction to Silver City, 2 miles; total, 54 miles. Road
Mass., 56 miles:
branch, 3 miles. The road is leased to the
opened November, 1809. The bonds are payable
MR. for 999
$100,000 per y'ear.
Fitchburg Gross earnings in 1881 were
years at 0 per cent.
$914,271; net, $394,504, against $449,Vermont Valley of ’71.—March
7U> iu 1880; dividend pay'inents,;
31, 1881,
$240,009. The
Brattleboro, Vt, 2 4 miles, and byr purchaseowned from Bellows Falls to stated, and the reports say that the amount of per cent paid is not
of stock the Sullivan
paid-up
KI,, from Bellows
County known iu consequence of the destruction of the books capital is not
Falls to Windsor, Vt. 26
miles;
by
trolled by
Connecticut River Rtt. The Sullivan total, 50 miles. Con¬ years ago. D. O. Mills, President, San-Francisco. (V. 32, fire several
p. 687.)
posited as collateral
County' RR. stock isecurity for the above mort. bonds. Net
ol both
Wabash St. Louis & Pacific—A consolidation of
roads year
the Wabash
ending March 31, 1881, was $107,007; in earnings with the St. Louis Kansas
*-b,00:c Dividends of 4
18-G-2.
City' A Northern, November 1, 1879. Railway
Miles of
p. et. per annum are paid.
Slock, $1,000,000. road operated. Dec. 31, 1881: East of the Mississippi River—Toledo
) kksburg d Meridian.—Line of
to
E. St. Louis, -130 miles; Decatur to
ine
road—Vicksburg to Meridian. Miss,
Camp Point, 129; Camp Point to
company' was unable to earn full
intertsr, and reorganization was Quincy, 23 ; Bluffs to Hannibal, 50; Maysvillc to Pittsfield, 0 ;
uiauemissi with bonds as
Clayton
to Elvaston, 3 4; Edwardsville to
follows: $1,100,000 of first
pfr cent,
Edwaivlsviile Crossing, lo: Detroit to
mortgage 0 Logansport, 214;
forty years, gold
«itn
Michigan City to Indianapolis, 101; Attica to Cov¬
interest at 3 percent bonds; $1,100,000 of second mortgage bonds.
for two years, 4 per cent for
ington, 14; West Lebanon to Leroy, 70 ; P. A D. Junction to
wnt tor one
two years, 5 per
St. Francisyear and 6 percent for
mm
thirty-five years; $1,920,000 of vilie, 109 ; Vincennes to Cairo, 158 ; Hollis to Jacksonville, 75 ;
mortgage income bonds, with interest at 7
SpringHeld to Havana, 47 ; Streator to
per cent, if earned ; and
Altamont, 150; Sliumway to Effingham,
$1*937,189; common stock, $3,957,100. The annual 8; Strawn to Chicago, 100; Urbana to Havana. 102 ; White Heath to
Decatur, 30 ; Lafayette to State Line (C. I. St. L. A
13 months ending
G\, 40/, ^ for W. St.
L. A P.,23; State Line to
Keokuk, 224; Hamilton to Warsaw, 5; La
(V. 32, p. 71, Oil,
Harpe to Burlington, 20; total, east of the
Mississippi, 2,211 miles.
West of the Mississippi—St. Louis to Kansas
mod from Alexandria to
1881, ow:
Levee toFerguson Junction, 10; Centralia to City,277 miles; St. Louis
miles;
j Lvmrn
Columbia, 22; Glasgow to
Lynchburg. «« miles ; Warren ton Branch,!9 miles; Charlottesville to Salisbury, 10; Moberly'to
60
t>.„
Ottumwa, 131; Brunswick to Council Bluflfe,
Lynchburg to Danville, 60 miles; Pittsville 224;
wi.lni.
m.ye8; Manassas Junction to
Roseberry to Clarinda, 21; N. Lexington to St. Joseph, 77; West
leased to Balt. & Ohio); Harrisonburg, 114 miles (of Quincy to Trenton, 136; Keokuk to Humeston, 131;
Front Royral Branch, 1 mile;
Relay to Albia, 24;
Des Moines to Jefferson, G7; total west of
.°
.317 miles. Leased, Orange C. H. to
the Mississippi, 1,137 miles.
Charlottesville, 28 4 Grand total east and west, 3,348 miles.
Tne annual report for 1881 was
to
miles, of which 51 miles,
Strasburg Junction 405, and the following comments published in the Chronicle, V. 34, p.
*8 lea8ed to
were made: “ The annual
the
The Washimrton Clt.V Baltimore & Ohio, leaving 354 miles
report of
this company is one of the most
VirHnia MlfHrmri Ar Cirfx-it. Hmittioni
interesting reports ever issued. As late
as November,
the quarterly dividend ot 1^ per cent on the
1881,
pre¬
ferred stock was paid, and at the clo-e of the
year the accounts showed
a deficit for 1881 of
$2,472,038, ora net deficit of $1,452,858, after
deducting the nominal surplus of $1,019,180 at the
of the year.
beginning
15
The gross earnings published
UU, toxtu KUO iuvi.ua
'f' interest being in
monthly
yi
large increase over 1880, and led the public to believeshowed a
default, and was soldin foreclosure
that the
after litigation sold
Mayl 3,
company' was doing well.
again Dec. 20, 1880.
During November the preferred stock
Reorganized as Vir- sold from 90% to 83% ex-dividend, and this was
and bonds and stock
The
issued as above.
the time for
Baltimore A Ohio had
having intimate knowledge of the companv’s affairs to" sell, as it those
largo claims against the company to
must
aud after
for
have been to them a
reorganization that company and the
their
foregone conclusion tnat a heavy' decline would
Gairetts take place when the real condition of
tond & large interest,
the company’s affairs became
amounting to $3,000,000 m stock, to the
Danville
i the
known. The conspiouous
figures of the report, which account largely
June, 1881, Syndicate. The plan of reorganization was
for the decline in net
‘Great Bonthern. Supplement under Washington
earnings, wore tlie operating expenses, amounting
City Vugmia Midlan
to $10,792,943, against
$7,787,348 in 1880; but none of the usual
items of operating expenses are
bonds, the first series is a first lien
given in detail, such as ‘ maintenance
between Alexandria of way/ * cost or
transportation/ Ao., so that it is impossible to say
.
,notni
m
....
1874
Go^n^/and.-Decemlier,
New
.
1,000
....
.,
stern,
oss
270
....
....
75
Wabash, 1st mort. (Toledo A Illinois)
do
1st mort. (Lake Erie, Wab. A St L
«nt
202
1881
1881
1881
74
Hav. Rantoul A East. 1st mortgage
1st mort., gold, Iowa Division
.
aho
The
131
’
or
Par
Value.
tmii
Iim-noA „ ^8,vlUe to Rooky Mt., 30 miles: total leased, 58 miles.
n..r,.£ndt!ea8e(J>405
Total
jfd
•
Mi^and,
^pous.
| Of the above
'
.
,
Subscribers will confer a
«rroat fat or by
DKHCRII’TION'.
for explanation ot column Headings,
on lirist page of tables.
A.c\, £>eu nates
Road.
Lams J? Pacific—(Continued.1 —
Wabash, 1st inert. (Great Western of 1359)
do
1st moil. (Quincy A Toledo)
Wabash ist
180
33
20
(Illinois A Ho. Iowa) extended
2d mortgage ( Toledo & Wabash)
2d mortgage (Wabash A Western)
do
2d mortgage (Great West, of 1859) .....
Consol. M., (o 1 all oat Dee. A E Ht.L.)..
do
1st mart., (Decatur A E. 8t. Louis)
do
do
Funded debt i>,ta {see.by dep’sit of coups.)
do
Mart., gold, sink. fd. $25,oOO alter ’82..
do
He.ne.y mortgage
Hannibal A Naples, 1st mortgage
8t. L. K. C. A No., 1st mort. (North Missouri)
do
real estate A railway 2d mort
do 1st A 2d U.on St. Cuar. bridge,coup.or rg
do
1st cf., Omaha Div., gld, s. f., coup.or ra
do 1st mort.. uold, Clarinda Bra noli
Toledo Peoria A West., 1st mortgage
do
1st pref. income, eonv., int. guar..
do
2d prof, income bonds
Quincy Mo A Pacnic, 1st mort., gold (int. guar.).
Peoria Pekin A Jacksonville, 1st mortgage
Cctrev. Moravia A Alb. RE.. 1st. mortgage......
Chicago Cincinnati A Louisville, 1st mortgage...
Wave nicer- Stock (guaranteed)
Warren (.V.J.)—Stock
do
do
do
1st mort.
75
107
180
490
109
6(X>
50
354
35 4
140
22
237
Size,
Date
or
Par
of
Bonds
Value.,
1853
250 Ac.
100 Ac.
1,000,000
1,000
1,000
2.500,000
1.000
500 Ac
1,000
2.700,000
1 858
1805
1807
1 809
1877
1879
1877
1879
Wasatch d£ Jordan VaJley- Gold bonds
Washington City dt Pt. Lookout—1st M.
2,940,357
1,600,000
201.0(H)
500,000
0,000,000
3,000,000
1,388,500
2,350,000
1,000
1,000
1.000
1,000
1.000
1,000
1,000
n
n
4
0 A 7 g.
7 g.
0 g.
264,000
7
4.500,000
4
1,1 90.0(H)
12
123
00
38
03
128
1st mortgage loan
do
consolidated
1st
Consolidated mortgage
N.Y., Nat Bk of Com’roe
M. A N
F. A A.
M. A N
M. A N.
M. A N.
do
Q.-F.
I.
A
J. A
J. A
M. A
A. A
J.
J.
400,000
0
500 AC.
100
100
1,000,000
750,000
3
7
1,800,000
750,000
7
7
000,000
....
881.000
0
4
0
540,000
1873
50
500 Ac.
1800
1809
I87n
1,359,750
500AC.
500 Ac.
500 Ac.
1801
1,000,000
313,500
1,000,000
4 12.582
0
7
-
0
do
do
do
do
do
do
do
do
S.
O.
A
....
do
J.
D.
J.
A
300 Ac.
1855
1870
1875
do
A. A O.
F. A A.
7
do
do
do
do"
do
do
do
do
do
do
do
do
do
do
do
do
do
do
F. A A
F. A A.
A. A O.
0 £.
3
do
•
An>., 1888
i.
]- 1923
1.1893
Ha* 1, 1878
"J»y 1.1893
lei)., 1(8)7
v.
.
.
A tig,
-
J. N.Y.,Metropolit’n N.Ilk
J. N. Y., Imp. A Trad. B’k
....
b£
DividnniL
do
do
do
do
1,000,000
....
bonds, gold
West Jersey—Stock
Loan of 1883, guaranteed by Camden & Amboy..
F. A A.
&U)cks
Whom.
1,204,000
*
Payable, and by
Payable
1 <00
7
P«l, When
Whore
When
3 s 5,000
1807
mortgage
7
7
7
7
0 A. 7
7 g.
7
7
2,010.000
1,000
1805
1874
1878
187.9
1879
1880
0
7
1 .500,000
....
24
73
18
18
7
7
500,000
300.000
1.000
OR
IN')
$2,190,000
1,000
83
49
18
of any error discovered in tliesc Tables.
DIVIDENDS.
EEEHT
Rate per
Cent.
Outstanding
$1,000
1 -HO
102
Amount
1803
1805
IS 02
1880
1879
1804
2d mortgage
1st consol,
giving immediate notice
Miles
of
rvot,. X'TXV
AND BONDS
RAILROAD STOCKS
lviii
ig^q
Reb. 1, Pol
April 1.1909
•Lm, ’81A ’82
June l, 1909
1, 1895
Sept. l. I895
1903-1908
April 1, 1919
Aug. 1, 1019
Oct. 1, 1917
Oct. 1, 1909
July 1, 1894
.
J. A J. X.Y., Funnel's’ L.AT.Co
J. A J. Boston, Bost.A Alb. RR.
A. A O. N.Y., Del., L. A W. RR.
do
do
A. A O.
do
do
M. A. S.
N. Y., Koimtze Bros.
M. A N.
J. A 1). Baltimore, Balt. A O.RR.
F. A A. Phila., Pa.RR.Co. Office
do
do
M. A S.
do
do
J. A J.
do
do
A. A ().
do
do
M. A N
Jan., 1887
J ulv 5, 1882
April, 1882
April l, 1900
March 1, 1905
1003
Oct. 15,1881
Mch., 1883
Jan., 1896
Oct,, 1899
Nov.. 1909
$50,000,000 are the Central Trust
It provides for taain? up all
at any time the holders offer
against $3,140,014 in
1880 and this was a most important them, and reserves $33,000,000 for that purpose; and the bonds so taken
to the property up are not canceled hut remain in the hands of the trustees as the prop¬
ohange,
in
view of the la \ge accessions
of
the
company
in the new
lines purchased during the erty of the trust. Then $6,000,000 are assigned for equipment ana per¬
year.
The Auditor’s report, is excellent in giving u particular manent improvements, and the balance of $11,000,000 for the acquisi¬
aocount of the terms of each lease and the annual charge 011 this com¬ tion of new roads, Ac. All the roads owned and all the right and title to
pany for rentals and interest.
It appears from this that the company roads leased and controlled are covered by the mortgage deed. The
was not under its full charges for the whole year 1881. and the charge
mortgage may be foreclosed after six months’ default of interest, if a
for rentals in 1882 will be about $1,030,000 and for bonded interest
majority in value of all the bondholders so request the trustees. First
$4,3S0,082, making a total of $<>,4Loto82. against $1,450,700 in 1881
mortgage on St. Charles Bridge is for $1,000,000, and is 6 per cent now,
an lucre ^se dui iug this year of nearly #1,00 >.000.”
The mortgage on Iowa Division was
running absolutely till 1908.
The following extracts will furnish all the information given in the
given iii place of the Mo. Iowa A Nebraska mortgage bonds.
General Manager's report in regard to the operations of the road : “Tin
amount of funded debt bonds of 1877, due 1907 as abovegiven,
The
result for the year 1881 show:: that the net earnings have not been suffi¬ includes the scrip certificates for coupons funded and deposited In trust,
cient to pay the tlxod charges and dividends, and that the company is in
which certificates amounted January 1, 1882, to $1,068,357, and are
delleit. It cannot be denied that this unexpected result has come from exchangeable into the bonds. If not exchanged the certificates full due
mu 113 causes, ne st of which were beyond our control.
The gross earn¬ with the principal of tho bonds from which coupons were cut.
Preferred stock has a prior right to 7 per cent (non-oumulative); then
ings of the r«»a t—instead of showing a largo increase over tho previous
year, a* would have been the case under ordinary circumstances and
common to 7; then both share in any surplus.
conditions—have fallen considerably below those of 1880, taking into
The Toledo Peoria A War. company made default Dec., 1873, and was
account the additional miles operated. This u expected decrease is operated by a Receiver until sold m foreclosure on Jan. 20,1880. It
owing largely to the fail ire of the crops, but partial! v to the very low was purchased by a committee of bondholders for $0,000,000, and re¬
rates which have prevail d on through business for the last eight
organized ns Toledo Peoria A Western. This company mado a lease for
months,.growing out of the tight between Eastern trunk lilies, over the term of its charter to the Wabash St. Ixiuis. A Pacific on terras as
was impossible for our company to exercise any follows, viz.: That the Wabash Pacific guarantee 7 per cent on the
which state of things it
control.”
$4,500,000 first mortgage bonds of the Toledo Peoria & Western.
LOAD AND EQUIPMENT.
The, $2,900,000 income bonds to be guaranteed
at 4 per cent
1880.
1881
and to be convertible at par for Wabash St.. Louis A Pacific common
Total miles operated
2,479
3,348 st ock. The $1,000,000 second preferred income bonds were also convert¬
Locomotives
458
'
*501 ible into Wabash preferred stock, share for share. The stockof the
289
*372 foledo Peoria A Warsaw was scaled 25 pci* cent common, 30 per cent
Passenger, mail ;uid express ears
Freight and all other cars
15,005
*20,139 second preferred and 50 per cent first preferred, each shareholder
Includes narrow-gauge equipment.
receiving this amount in new stock of the Toledo Peoria & Western
OPERATIONS AND FISCAL RESULTS.
stock. The Toledo Peoria A Western stock ($3,000,090) was chanjable
1881.
1880.
Operations—
3,215,200 into Wabash common stock, three shares for one. (V. 32, p. 71, 289.310,
1,992,763
Passengers carried
137,114,727 350, 380, 437. 454. 013, 685; V. 33, p. 48, 75. 93. 120, 202. 224, W
97,774,570
Pass>enger mileage
305, 387. 409, 528. O il, 087; V. 34, p. 20, 222, 317, 336, 367,40o,
2*238 cts.
2-398 cts.
and rentals in 1881
amounting to $1,450,709,
where the increase took plaoe. The interest
also showed a very
large increase,
The trustees of the general mort. for
Co. of N. Y. and James Cheney of Indiana.
the old bonds as they mature, or by exchange
*
Rate per passenger per
Freight (tons)
moved
mile
4,533.187
1,100,783,399
mileage
rate per ton per mile
Freight (tons;
Average
0*862 cts.
$
2,344.452
9,532,334
551,320
Earnings—
0*928 cts.
s
$
Net earnings
Per ct. of operat’g expenses
to earr’gs
per
14,407,789
3,074,840
10,792,943
74*59
02*65
1881.
$
$
Receipts—
4,640,7G3
3,674,840
33,001
Total income
Disbursements—
Rentals paid
Interest on debt
Taxes, rent of cars, Ac.
Dividends
277,245
4,074,364
Other receipts
3,952,091
$
1,009.071)
3,447,027
$
483.255
2,057,300
514,569
637,504
1,329,918
6,424,128
Total disbursements
3,655,181
def.2,472,037
Balance, surplus or deficit
sur.1,019,180
FISCAL YEAR.
GENERAL BALANCE SHEET (CONDENSED) AT CLOSE OP EACH
$
Assets—
Railroad, buildings, equipment,
Securities on hand
Materials, fuel, Ac
Ac....
equipment account..
payable
payable
Sundry balances*
Total liabilities
Includes audited
35,862
1,212,245
11,578,800
1,452,858
4
122,338,640
21,014,500
20,453,000
42,094,858
336,703
00,291,858
2,082,234
4,236,622
Loans
Income account
107,058,815
88,200,475
Stock, preferred
Funded debt (see Supple.vi ent;
Bills
83,923,952
286,119
873,875
3,110,529
Wasatch
$
26,921,506
23,033.200
355.400
1,500,000
1,019,180
122,338,640
interest not due, un¬
88,200,475
vouchers, interest accrued,
stock and
$315,274. (V. 32, p. Oil.)
& Jordan Valley—Brigham City, U. T., to Alta City,U-t,
In 1878 the Brigham Canon A Camp Floyd was niergea
at 7 per cent on
I t miles.
in this, and it is stated that
For three years, 1870-7-8,
there are mortgages prior to the wove.
tho average net earnings were ipl-dJ0.1'
oer annum.
Stock is $1,100,000. Lately bought by Denver & w
Grande Western. C. M. Scofield, President, N. Y. City. (\. 3o, P< 1
Washington City & Point Lookout.—Hyattsville, Md., to
Md., 13 miles, and to be extended. This road was opened in 18o>- .
leased to the Baltimore A Ohio for $36,000 gold PVr^?nU!?i‘imail
stock paid in is $1,000,000. Same officers as Baltimore A Ohio
•
West Jersey.—Main line—Camden to Cape May and Bridgeton,
miles; leased lines, 27 miles; West Jersey A Atlantic RK., 34
>
total, 172 miles operated.
The company holds in 8inKinr
;
$339,000 in bonds. In 1881 total net earnings were $427,0/-.
which, deducting net earnings of the West Jersey & Atiauia,
remained $374,537, and the charges for interest and rciiu
Net
$203,760. Operations for three years past were: Gross
Shepherd,
Kauri)
Passenger
Mileage.
Freight (ton)
Mileage.
~
Earning;
Earnings.
$580,178
5,217,280
16,074,109
758,090
5,557,005
25,372,305
991,600
9,0 40,582
42,550,400
-(V. 32. p. 366; Y. 33, p. 250; V. 34, p. 317, 548, 655; V.
West Jersey & Atlantic. —Newfield, N. J.. to Atlantic
miles. Opened June, 17, 1880, and operated by West
1879
1880
1881
,™
Total
LiabilitiesStock, common
Springfield, Mass.
to Delaware
Lackawanna
bonds. Gross earnings, loot
$593,234; net,
1880.
Net earnings
Winchendon, Mass., 49 miles. It to
A Albany Railroad at a rental 017
cent per annum. J. A. Rumrill, President,
Warren, N. J".—Line of road, New Hampton Junction
Bridge, N. J., 18*4 miles. The road is leased to Delaware
3,007.989
10,007,900
731,894
INCOME ACCOUNT.
paid taxes, Ac.
River— Palmer, Mass., to
leased for 999 years to the Boston
A Western
earnings
Operating expenses
*
35, p. 52, 95.)
Ware
4,040,763
Freight
Mail, express, Ac
Construction and
Income account
135 ; V.
12,428.112
7,787,349
Passenger
Total gross
5.393.917
1,149,774,547
374,53 J
35, F52’7^
City,N.
Jersey ‘ ^e6t
interest
ffQ jf
agreement and 25 per cent ot gross reoeil
Jersey from traffic of this road to be applied to any dencu
an l then as sinking fund for bonds purchasable at xuo, v
on a
joint traffic
Stock is $59,000.
• •
Alabama.--lAno of road—Selma to Opelika,
branches, Opelika to West Point, 22 miles, and
miles; total, 107 miles. Was a consolidation in
West Point and Western of Alabama. Sold May 10,187o,
and purchased jointly by the Georgia Railroad
Georgia. The old stock and income bonds were
closure, and the property is represented by the
due eaoh ol the above companies. There are also
over
that.
Western
„
miles;
r^p”i„mbns, 29
Opelika to L ”wcry 4
18/Oof m ‘J* l0flnre
1 t>ojixoadof
andCtmu.
ef0rewiped®ftns4^46,005
bonded ueui
o jatfir
$45,(MJv b
ivovwr,
RAILROAD
1883.J
STOCKS AND
BONDS.
Subscribers will confer a great Favor by giving Immediate notice of
DESCRIPTION.
For
jnor
ip
explanation of oohimn
OIi
tii'Ht page
Miles
headings, Ao.f
heading
of tables.
1st ui>n tgago.
.r(>rdff/Atlantic
Date
of
see notes
flize,
Outstanding
$1,000
$500,000
1870
LOGO
1873
l.O'O
00
1 85 x
00
00
1858
00
.
Amount
Par
Value.
34
44
160
138
.............
E
ilia )—YV e-stern UR. bonds, before consol
% ll “« b/(VHt. or Uo. oil.l (Jo. Kli. & B. Co.
-*£ “‘“i-AOantic <fl«>-I..ooi.ie D.m.lo
1807
1808*
1870
000,000
1,158.000
614,000
200,000
4(H),000
11887796--b90l0. 187-9
Maryland—l»t mart., endorsed Balt. City..
i8,1
«
2d
oa
endorsed by Baltimore
,to
{
do
endorsed by Waanmgton County
..
preferred mortgage, unendorsed
00
oo
00
mortgage, endorsed by Baltimore
do
endorsed
Funded eoni>ons.
4th
by BulUi -ore
00
Minnesota-1st mortgage.
Western
Liiuid grant bonds
Western North Carolina
130
57
28
1st tnoitgago.............
Pennsylvania—let mortgage
Pittsburg Branch.......
Western
let mortgage,
General mortgage
1st series
2d series,
cage
500 dee
100 Ac.
.
....
1870
1,000
....
....
1880
70
179
170
Too
*
..
....
....
....
320
320
320
40
mort., land grant, pref
1879
1870
1870
•
•
....
....
....
1875
guar,
48
48
(for$700.0001
lOOOAe.
•
•
•
....
....
500 Ac.
& West Point RR. due May 1, 1888. Tlie
as follows:
Gross
Expenses and
Net
Taxes.
Earnings.
Earnings.
$107,507
1*77-78'.
$307,072
307,451
305,408
402,797
544,107
570,402
670,740
4
602,011
Western dk
$100,524
270.049 ;
310,154
Atlantic.—Atlanta, Gft., to Chattanooga, Tenn., 138 miles.
!
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
•f $25,000. In 18S1 gross oamings were estimated at $1,500,000, and
net. $600,000; rental, $300,000; burplus, $3o0,000 (V. 32, 184; V. 34,
p. 817; V. 35, p. 133.)
Western Maryland— Line of road—Baltimore to Williamsport, Md., 90
mflos;
Eminitshurg Branch, 7 miles; Edgemont
to Shippens-
bai’g, Pa., 34 miles; total, 131 miles.
The oompany was
was unable to pay
the
The capital stock is $082,250.
largely assisted by tlio city of Baltimore, and
alii its
interest.
A compromise
preferred second mortgage bondholders for funding
was made
with
coupons.
The Baltimore A Hanover RR. was completed to its connection with
this road in 1880. The Western Maryland operations for five
years
have been as follows, but in 1878-79 the construction account was
closed and all expenses chai’ged to operating expenses, on which basis
&et earnings have since been relatively decreased.
Passenger
........
Mileage.
0,582,241
7,411,001
8,502,388
10,705,925
12,277,592
Freight
Mileitge.
4,092,089
5,180,082
5,400,510
6,045,328
7,278,431
Gross
Not
Earnings.
$332,080
Earnings.
317,202
347,442
$112,145
120,027
73,005
397,504
88,278
401,871
85,052
—'{V. 34, p, 85.)
Western Minnesota.—Sauk Rapids, Minn., to Brainerd, Minn., 61
miles. Road opened Nov. 1, 1877.
Leased to the Northern Pacific
Railroad May 1, 1878, for 00 yearn Stock, $800,800. The land grant
is 537,842 acres. George L. Becker, President, St. Paul, Miun.
Western North Carolina
March 31,1882, owned from Salisbury, N. C.,
Rock, Tenn. State line, 180 miles. The road was financially em¬
barrassed, and was purchased April 17, 1875,
by commissioners for the
State of North Carolina, and subsequently finished by the Richmond &
Danville Terminal Railway Company. It is proposed to complete the
road to Cleveland, Tennessee.
Stock, $1,000,000. (V. 32, p. 100; V.
—
to Paint
33, p. 346, 385, 580; V. 34, p. 170, 330; V. 35,
p.
103.)
Western
Pennsylvania—The road runs from Blairsville to Alleghany
Olty, Pa., 63*2 miles; branch to Butler, Pa., 21 miles; total, 84*2 milesQmnpleted in 1805 and branch in 1870. Leased to Pennsylvania Rail¬
road, the lessees paying net earnings to lessors. The Pennsylvania Rail¬
road, lessee, owns $003,050 stock out of the total amount of $1,022,450,
>238,000 of branch bonds, and all of $1,200,000 general mortgage
bonds. In 1881 net earnings were $ 100,054.
White Water.—Valley Junction, O., to Cambridge Citv, Ind., 65 miles.
This was formerly the WhiteWater
Valley, sold in foreclosure May 2,
1878, and reorganized under this title. Gross earnings, 1880-81, $118,668; net, $24,823. Elijah Smith, President, Boston, Mass.
Wheeling
& Lalce Erie.—Road under construction—Wheeling. W. Va.,
to Toledo, O., 205
miles, and branch, Norwalk to Sandusky, O., 21
riilee. In January, 1882, 07 miles in operation. Bouds offered in New
York, July, 1880 by N. Y. Now England A Western investment Co.
work, $5,250,000. (V. 31, p. 52 ; V. 35, p. 23, 71, 103, 102.)
Wilmington Columbia <£ A ugusta.—1The road extends from Wilmington
"rCvto Columbia, S. C., 180 miles. In 1880-81 there was expended
ioq^O out of earnings for locomotives. Paid 3 per cent dividends for
1880 and
1881.
Earnings have been:
Gross
Eam’gs
$518,225
Net Earn’gs.
$87,030
deficit,
98,059
8,010
145.423
135,917
foreclosure, October, 1879, for $860,500, and rcis in progress.
The scheme of reorganization (which was
out) provided that a new corporation should he created, with a
of $060,000 and $1,000,000 in
thirty-year first mortgage
holder ol $2,000 of the old jonds, together with the certifiwas 8old
in
jT*?8,101'mnded interest, received
Jrr
Edition six shares
of stock.
a
$1,000 bond of the
The plan
new company,
adopted provided only for
\ mortgage bondholders, and cut off income bonds, $000,000;
of
$336,000; floating debt. $879,022, and the capital
olthe
old company,
$300,000.
(V.33,
p.
686.)
331188
1870.
0
8
8
10
0
6
6
0
0
0
6
0
7
7
7
0
0
7
0 g.
3
6
3'
0 g-
7 g.
7 g.
5
2 to 5
2 to 7
1 *2
5
5
5
1^
5
Payable, and by
Whom.
M. A 8. Phila., Fidelity I. T. Co.
A. & O. New York & Savannah.
A. A O.
do
do
Q- J.
J.
J.
J.
J.
J.
J.
J.
A J.
A J.
A J.
A J.
A J.
A J.
A J.
M. A N.
J. A J.
J. A D.
Sept. 1, 1910
Oct.
1.
Oct.
1688
1. 1890
Atlanta, Co.'s Ottioe.
Oct. '79 to ’91
Bait., N. Mechanics’ B’k Jan. 1, 1890
do
do
do
do
Jan.
do
do
do
1, 1800
Jan., 1895
Jan., 1895
Jan., 1895
Hagerstown, Md.
Balt., N. Mechanics’ B’k
M A N N.
M. A N.
A. A 0.
J. A J.
A. & O.
LHU),
iStocks—Last
Dividend.
do
do
do
Jan., 1000
Jan.. 1902
1890
Y., Northern Pacific.
do
*
do
May 1, 1800
Philadelphia, Penn. RR. April 1, 1893
do
do
Jan.
do
1, 1896
do
Oct.
1, 1901
Nov.
1, 1009
N. Y., Co.’s
Agency.
Baltimore.
Balt., Safe Deposit Co.
J. A D.
J. A J.
London.
M. A N.
do
J. A J. N. Y., Host., Lond., Frank
M. A N.
Boston.
J. A J.
do
J. A J.
do
J. A J
Worcester, Oiliee.
Various
do
do
A. A O. Best., Globe Nat. Bank.
F. A A.
do
do
A. A O.
Worcester, Office.
A. A O. Bost., Globe Nat. Bank.
July 10,1882
June, 1910
July 15, 1882
1881
1886
1896
5 p.
ct^oarlj
1909
July 1, 1882
May 1, 1887
April 1, 1803
Feb.
1, 1895
April 1, 1882
April 1, 189 v
to Weldon,
miles; branch to Tarboro, 17 miles; total, 180 miles. Was leased
November, 1872, to Wilmington Colnmbia A Augusta Railroad for 09
years. The lessees made default December, 1877, and the lease was sur«
rendered April 13,1878. For three years, 1879-81, 3 per cent
yearly
dividends were paid. TheearningB and expenses for five years have been:
N. C., 103
183,904
Built by
700.000
^^;y~Princi*
Wilmington dk TFeWon.—Road extends from Wilmington
170,052
370,757
275,000
250,000
1
¥▼ UCU
Kate per When Where
Cent.
iPayable
Wilmington dk Northern.—Dec. 31, 1881, owned from Wilmington
Eel., to Reading, Pa., 72 miles; branches, 7 miles; total owned 70 miles
Has bonds amounting to $122,700.
Earnings in 1881 $325,012 ; ne
$06,764.
gross
S3 net earnings liave been
1,780,800
400,000
1,305,800
....
1874
875,000
1,000,000
5 11,026
500,000
70.0(H)
850,000
800,000
1,000,000
1,200.000
1,300,000
3,500,000
000,000
5,700,000
....
100
100 Ac.
500 &(.
•
•
....
Kochester—Stock
do
lRt.in.,
1076.77
..
1873
•
600,000
1,278,050
1,450,200
648,700
221,400
740,(KK)
400,000
3,800,000
....
....
300,000
300,000
1,000.000
....
....
- .
income
8s of Montgomery
1,000
....
....
Worcester ds Nashua—Htook
Bonds, mortgage
Bonds, mortgage
Bonds, mortgage
Nashua <si
do
1.000
I860
....
Sinking fund bonds, gold
Wisconsin Central—Consol,
....
1803
....
ColamJia <& Augusta Stock
Winning ton dk No> them Stock
Wilmington & Weldon—Stock
Sterling bonds
do
do
Ac
Ac.
Ac.
Ae.
02
white
Wilmington
Ac.
....
....
Water—Stock ($325,000 of it pref.)
Wheeling & Lake Erie.—1st M., gold ($15,000 p. m.)
500
500
500
500
500
1872
1860
1877
1877
....
• — -
1 OO Ac
5()< > Ac.
1 S07
any error discovered In these Tables.
INTEREST OR DIVIDENDS.
or
of
Bonds
1880
1808
Road.
lix
Gross
Years.
18-C-77
Earnings.
$548,462
488,448
505,978
-(V. 33, p. 685.)
Net
Gross
Earnings.
$156,906
170,277
175,693
Years.
1879-80
1880 81
Net
Earnings.
Earnings.
$603,175
750,916
$221,098
303,833
Wisconsin Central.—Deo. 31, 1881, owned main line and
branches
Stevens Point to Menaslia, 05 miles; do. to Ashland, 180 miles; do. to
Portage City, 70 miles; branches, 7 miles; total owned, 327 mllcR. Leased,
Schwartzburg to Mentha, 93 miles; Mcuasha to Appleton, 5 miles; Hil¬
bert to Green Buy, 27 miles; operated under contract, Milwaukee to
Schwartzburg, 9 miles. Total operated. 412 miles. The Milwaukee &
Northern lease is terminable on six months’ notice, and on Feb. 1, 1882,
the Wisconsin Central gave notice. A foreclosure suit was l>egun in
Sept., 1878, ana in Jan., 1870, the road was taken possession of by the
trustees for bondholders, who still operate it. There is a land-grant
of over 800,000 acres, and on March 1, 1882. proposals were, received
for $lo0,000 bonds to lie taken up with proceeds of land and
stumpage
sales. The full plan of reorganization (now
practically accomplished) was
given in the Chronicle, V. 20, p. 303. Tins embraced the issue of a new
consolidated mortgage to cover $400,000 5 per cent preferred bonds ;
$3,800,000 first series bonds, bearing 2 per cent for three years from
July 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., blit dependent each time oil 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 $0,500,000 common, and is all depositea
in trust with Stewart and Abbott, Trustees, to be voted on until all interest
is being earned and paid on new bonds, and in the judgment of the trus¬
tees is likely to continue so to be. Certificates for new stook have been
issued to the old stockholders, which pass as a delivery on sales
In
March. 1882, a circular was issued, inviting subscriptions of $1,400,000
to build a 05-mile extension from Noeuah south to Sclileisingerville.
The object was to get a paying independent line to Milwaukee and
towards Chicago. For $10,000, subscribers are offered $10,000 first
mortgage 0 per cent bonds, $2,000 5 per cent (cumulative interest) in
come bonds, $l,oOO 0 per cent (cumulative dividends,) preferred stock
and $2,o00 common stock - in all $15,000, at par, of securities. Stock¬
holders have the right to subscribe in the proportion of 1 for 8 of their
holdings of Wisconsin Central stock. The Wisconsin Central will lease
the new road for ninety-nine years. For four years past the
earnings,
Ac., were :
Years.
Passenger
Miles.
440
455
400
401
Gross
Net
Mileage.
23,225,583
;
Earnings.
Earnings.
$733,810
30.920,070
41,550,726
5,001,075
6,385,310
8,740,70G
1881
10,466,444
-(V. 32, p. 124, 207, 570, 634
522, 655; V. Go, p. 23.)
....
Freight (ton)
Mileage.
$122,803
851,090
1,140,352
103,090
205,748
47,766,777
1,305,967
272,108
V. 33, p. 491. 580: V. 31, p. 147, 317
Worcester <£ Nashua.—Sept. 30,1881, owned from Worcester to Nashua,
46 miles; leased, Nashua A Rochester, 48 miles; total operated,
94 miles. Paid regular dividends of 10 per cent for some years
before 1874-5. In 1875-0 the leased line charges (Nashua & Rochester, 48
miles) first appear in the accounts, and the Worcester A Nashua paid
only 5*s per cent dividends in that year. The rental charge being
plainly too heavy, an agreement was made in 1870 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
A Nashua bonds was also reduced to 5 per cent, and surplus earnings in
any year above requirements for interest and 3 per eent on each stock
are to he apportioned between the stock of
eacl? company according to
the relative number of shares. In 1880-81 had a surplus of $145 over all
charges and a dividend of 3 p. ot. In addition to above there are $37,000
5 per eent W. & N. bonds. Five years’ operations were as follows:
Gross
Net
Passenger
Freight
Years.
Miles,
Earnines.
Mileage.
Mileage.
Earnings.
1876-7..
94
6,383,990
10,063,658
$407,239
$157,260
1877-8..
04
5,703,761
9,961,740
473,240
168,351
1878-9..
94
6,168,871
12,123,444
473,081
165,495
1879-80
94
6,784,060
553,502
167,033
14,995,020
94
1880-81
7,222,099
16,153,062
588,770
155,196
h mu
-(V. 33, p. 5804
..
..
..
..
..
CANAL
Snlnertbers will confer
a
grreat fkror by
STOCKS AND
BONDS.
glrlnf Immediate notice of
Miles
on
first page of tables.
Date
of
of
Canal. Bonds
81 to, or
Par
Value.
Albermarle d Chesapeake—Stock
Mortgage bonds
Chesapeake d Delaware—Stock
1st mortgage (originally $2,800,000)
Chesapeake d Ohio— Stock
Maryland loan, sinking fund
Guaranteed sterling loan
14
14
184
.
1st mortgage, registered
do
do
Debenture loan of 1894, coup
let M., coup. A reg., on Penn.
and reg
Div. ($10,000,000)
Lehigh Coal d Navigation—Stock
Loan, conv., coup.?gold (assumed L. A W. Coal Co)
1st mortgage,
•
•
....
....
....
1869
1871
1874
1877
Consolidated mortgage loan
Greenwood 2d mortgage, reg.
8crip
Morns—Stock, consolidated
_
.
.
•
Extended, 1877..
•
•
•
•
....
....
....
Preferred stock scrip dividend
Pennsylvania—Stock
General mortg., interest guard by Penn. RR
Schuylkill Navigation—Stock,
....
103
103
103
103
(for $1,000,000)
common
....
1876
1865
1869
....
.:
.
....
337
337
108
Preferred stock
1st mortgage, extended
2d mortgage
....
....
•
•
•
.
45
mort
pref. bonds, 1st mort
•
•
•
pref., 1st T. W. priority bds.
•
bonds of 1872,4th mort
•
•
•
....
Union— 1st mortgage
....
500
500
85
....
Albermarle d Chesapeake— Securities placed on New York Stock
Exchange list February, 1880. Prest., Marshall Parks, Norfolk, Va.
Chesapeake d Delaware.—Delaware City to Chesapeake City, Md.
Chesapeake d Ohio.—In a suit against the company the Court (January,
1881) declined to appoint a Receiver, but ordered the company to report
at stated times its receipts and payments.
(V. 32, p. 43.)
do
do
do
do
Q-J.
do
do
Q-F.
J. A D.
do
do
J. A I).
do
do
J. A D.
do
do
J. A D.
do
do
F. A A.
do
do
M. A 8.
do
do
F. A A. Leh. Val. RR. Co., Phila
F. A A.
do
do
A. A ().
do
do
A. A O.
do
do
F. A A.
do
do
J.
A
A
A
A
Q-M.
M. A
50c.
Philadelphia, Ottice.
8.
(>
6
6
6
6
7
6
6
6
6
7
97,810
3,000,000
A
•
$1
250,000
....
•
•
J.
$1,351,423 in 1880. The annual report for 1881
p. 262. Comparative statistics for four years :
was
given
in V. 31,
1878.
Sales of coal
Canal tolls
Miscellaneous profits
Goal on hand (Dec. 31)
Railroad
Interest
Balance
1879.
1880.
ment of
Philadelphia, Ottice.
•
do
do
do
do
do
do
Q. -M.
’ J.
J.
M.
M.
M.
A
A
A
A
A
J.
.1.
N.
N.
N.
J.
J.
J.
J.
J.
M.
A
A
A
A
A
A
J.
J.
J.
J.
J.
N.
do
do
do
do
do
do
do
....
$
5,764,477
41,025
91,408
535,264
$
7,210,524
42,810
$
9,328,763
58,400
243,537
595,663
561,948
312,243
672,785
earnings in Penn.
on
398,219
investments...
341,781
326,635
630,643
59,591
Total
Disbursements—
Coal on hand Jan. 1
93,516
727,283
3 15,075
805,914
301,858
6,818,887' 7,985,118 8,948,327 ll,083,c47
$
341,036
Mining coal
2,264,228
Coal transportation, Ac...
618,252
Canal freight and exps
1,348,970
Interest
1,340,956
Taxes and miscellaneous.
406,883
Loss on leased railroads...
498,562
Balance
Total
6,818,887
$
673,651
3,003,893
641,951
1,7(54,195
1,234,449
350,916
316,059
$
535,264
3,171,369
596,827
1.5«8,245
1,343,973
366,578
14,642
1,351,429
7,985,118
8,948,32? 11,083,547
755.331
1,737,979
1,374,784
400,401
2,102,464
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1878.
1879.
1880.
$
$
6,339,210
6,339,210
6,190,766
6,220,669
8,643,783
2,679,077
877,784
8,795,657
2,699,590
720,487
1,022,293
$
6,339.210
6,414,759
8,84(5,316
2,713,957
746,791
1,022,293
1,022,938
1.022,938
3,597,074
Cherry Val. A Sharon RR.
305,991
3,597,074
300,000
3,597,074
300,000
3,597,074
300,000
Assets—
Canal, Ac
Railroad and equipment..
Real estate
Mines and fixtures
Coal-yard, barges, Ac
Lack. A Susquehanna RR.
Second track Alb. A Susq.
New York A Canada RR..
Meehan. A Ft. Edward RR
Schen. A Meehan. RR
Coal on hand Dec. 31
Advances to leased lines..
Advances on coal royalties
Miscellaneous assets
......
Telegraph and Car Co
Supplies on hand
672,785
6,331,210
6.450,258
9,027,804
2,729,311
690,397
1,074,808
'
16,146
200,773
3 15,075
727,283
608,894
400,015
613,181
(515,514
4,291,706 *2,985,319
617,246
605,326
4,295,415
4,4 so,701
69,410
958,667
69,409
(59.109
878,000
2,314,268
587,185
9(52,130
3,140,116
1.208,726
1,148,322
3,785,656
3,88 1,088
'
Cash and bills receivable..
Prolit and loss
535,264
368,773
439.020
18S1.
69,410
1883-’84
Aug. 4, 18R2
Aug. 4, 1882
April 1,1906
Oct., 1885
Feb., ISSfc
duly, 1910
AM
ir. 15, 1881
Aug. 15,1881
March, 1897
1 SM2 to 1907
'
1895
May, 1880
May, 1913
May, 1915
Fhila. and Baltimore.
do
do
do
do
do
do
do
do
Philadelphia, Office.
Jan., 1885
Jan. 1, 1918
Jan., 1894
Jan., 1894
Jan., 1902
May 1,1883
receipts and disbursements:
108,666
19,755
90,176
185,626
6,076
Water Powers Lehigh Canal...L
Delaware Division Canal
Net profit on Lehigh Coal
Royalty
on coal mined
Revenue from rents
Miscellaneous receipts
1880.
$1,157,900
Lehigh Canal
by lessees
1881.
$1,429,468
55,830
18,947
74,044
240,742
7,737
$1,609,676
’
Total
1
7,573
35,660
13,316
$1,875,592
$51,792
$59,101
97,050
33.728
DISBURSEMENTS.
General and legal expenses
Rent and taxes Ncsquehoning Valiev Railroad..
Rent and taxes Delaware Division Canal
Taxes chargeable to canals
Taxes chargeable to coal and coal lands
Taxes on capital stock.
Taxes on landed property and improvements...
Interest account
$
727,284
3,985,304
1882
:
June 1, I9ii
1892
do
receipts.
1881.
$
5,229,266
39,100
80,146
1897
Dec., 1882
(in purchase or equipment) $2,310,000 of the gold loan due
1897, and leases the Lehigh A Susquehanna Railroad. The
Lehigh*
Wilkesbarre Coal Company assumes $500,000 of the gold loan due
1897,
and $771,000 (all) of the convertible
gold loan due 1894. There is also
a 1st Greenwood
mortgage of $140,000, due Oct. 1, 1882. The Board
of Managers’ report for the years 1880 and 1881 has the
following state
INCOMK ACCOUNT.
Receipts—
1894
1884
1897
Phila., 2 3 So. 4th St.
February, 1880, in¬ Railroads and NcsquehoningTunnel
railroads. Also endorses bonds of N. Y. A Canada RR. The income
account for 1881 showed net sui-plus receipts of $2,102,404,
against
Juno, 1882
assumes
Delaware Division.—Leased to Lehigh Coal A Navigation Co. at interest
on bonds and 4 per cent a year on stock,
payable till
clusive, in scrip, then till August, 1881, halt in scrip
Delaware d Hudson.—This, company, which is among the largest
miners
and carriers of coal, leases the Alb. A Susq. and Rensselaer &
Saratoga
Aug. 16,18«2
July 1. lyQo
l
227,500
1,000
1841-4
1872
1.870
1890
1885
N. Y., Bk. of Commeroe. June
10. IRS*
J
do
do
1884
J.
do
do
1891
O.
New York, Oflice.
1894
S.
do
do
Sept. 1. 1917
6
1,323,000
’44-’64
Q-Moh.
J.
J.
A.
M.
1. 1QAQ
July, 1886
Q-J.
7
7
7
7
2
6 g.
6
6
6 g.
6
6
7
7
6
2
5
7
7
7
220,000
103,164
4,501,200
2,988,000
840,200
3,210,450
July
London.
J. A J. Balt.. A. Brown A Sons.
F. A A.
Pliila., 258 So. 3d st.
J. A J.
do
do
W
245,000
1,025,000
1,175,000
1,000
A J. N. Y., Union Trust Co.
A D.
Philadelphia, Ottice.
A J.
do
do
A J.
Q- J. Balt., A. Brown A Sons
6
5
6
2
6
628,100
2,002,746
1,000,000
50
J.
J.
J.
J.
6
756,650
1,000
1839
1859
•
....
1,000
1,000
V
7
1,709,380
3,990,390
1,200,000
228,000
....
1870
1863
1864
....
Susquehanna—Stock
Maryland loan, 2d mortgage
Susquehanna Canal, common bonds, 3d
do
do
do
....
....
loan
car loan
1,000
1,000
....
....
car
50
50
....
Dividend
780,000
1,000
....
l>al,WhenDS;
Rate per When Where Payable, and by Slocics-—*!
.|«i»
Cent.
Whom.
Payable
500,000
2,078,038
1,993,750
8,229,594
2,000,000
4,375,000
1,699,500
1,633,350
800,000
20,000,000
3,465,000
5,549,000
4,829,000
5,000,000
11,273,400
771,000
5,381,840
2,000,000
4,653,000
106,190
41,550
2,470.750
1,000
various.
various.
50
....
Outstanding
643,000
various.
100
100
1870
....
Mortgage bonds, coup, (payable by P. A R.)
Improvement bonds
1,000
1,000
1,000
1,000
•
.
Loan, debenture
•
•
1,000
1871
1872
....
•
100
1872
1869
1864
1867
1867
....
•
1,000
lOOOAc.
50
500 Ac.
Var.
Var.
500 Ac.
Var.
Var.
....
....
•
25
500 Ac.
500 Ac.
500 Ac.
50
....
•
•
Vario’s
1858
339
1st mortgage, registered, railroad
Mort. loan, g. ($2,810,000 assumed by other co’s.)
Loan, debenture mortgage
Boat and
Boat and
•
....
....
registered
Preferred stock
New mortgage
Boat loan
1856
INTEREST OR DIVIDENDS.
Amount
$1,500,000
50
....
184
184
184
60
60
148
148
148
Bonds having next preference
Dtlaware Division—Stock, (Conv.into L.C.AN.stck.)
1st mortgage (extended 20 years in 1878)....
Delaware d Hudson—Stock
$....
1,000
1879
....
discovered In tbeee Tables,
any error
DESCRIPTION.
XXXyI
[VOL.
97,050
125,438
2,5681
42,983 !
22,725 [
12,876 j
932,231
120,330
70,147
915,039
$1,287,664 $1,261,668
$322,011
$613,924
Dec. 31, 1880, was $194,236;
Surplus
The balance to credit of dividend fund
Dec. 31, 1881, was $471,445.
The President’s report for 18^1 said: <;Tlie
production of coal was
648,148 tons, an increase of 94,978 tons over 1880.”
*
*
*
“Our
total revenue from all sources was $1,875,592, a
gain of $265,915 over
1880. The decrease in fixed charges, $25,995, added to this makes a
total gain of $291,911 in net revenue over the
preceding year.
*•
A dividend of one dollar per share was paid to the stockholders in
December last, and the balance remaining to the credit of the dividend
fund at the close of the year was $471,445. From this balance must be
deducted whatever sum shall be paid to the State under the four-mill
tax law for the years 1879, 1880 and 1881.
The amount for -which we
are to be held liable is $81,248, hut we
expect to he relieved from the
payment of
considerable part of this sum. * * *
mortgage 6 per cent, loan of $5,381,840 matures in April,
1884, and may be paid off in whole or in part by tlm sale of securities
controlled by the company, and the balance (if
any) probably extended
a
‘•The first
at
a lower rate of interest.”
* * *
“ The balance to the credit of profit
and loss account is $2,287,988.”
* * *
“
I he floating debt, less cash
assets, is about $700,000; against which
the company holds $746,000 of its consolidated 7
per cent bonds, $306,000 Delaware Div. Canal Co.
hopds, and 18,901 shares of Its own stock.
“The third instalment of the extended debenture loan was
paid, at
maturity. Dec. 10, leaving only $106,190 due Dec. 10 next of the $762,(V. 32, p. 204,231; V. 34, p. 229,604.)
779 loan that matured in 1877.”
Morris—Leased April, 1871, to Lehigh Valley Railroad for 999
The lessees assume bonds and scrip, and pay 10 per cent per
annum on pref. stock' and 4
per cent on consol, stock.
years.
Pennsylvania.—Worked in interest of Pennsylvania Railroad, which
on bonds.
An old mort. of $90,000 is due in 188/,
Earnings in ’80, $368,769; net, $190,943; interest, taxes, Ac., $192,513;
earnings in 1881, $370,405; net, $107,793 ; interest, Ac., $185,115.
Schuylkill Navigation.—Leased from June 1, 1870, to Philadelphia*
1,003,827
823,053
Profit and loss
200,786 1,236,431 Reading for 999 years. Rental received in 1881, $351,459 In 1880 the
lessees defaulted on tlie rental and an attempt was made to scale down
Total liabilities
39.610,006 40,981,301 41,041,614 40,902,484 the interest on some
bonds, and certain propositions made by tho
These miscellaneous assets include the following:
Jefferson RR Receivers of the Philadelphia A Reading Railroad have been carriea
bonds (108), $8(5,710; Albany A
Susquehanna consols (762), $7(52,000; out. See annual report in V. 34, p. 202. (V. 32, p. 17, 184 ; V. 34, p. 202.)
/I
il'
Susquehanna. -Leased and operated by Philadelphia A Reading RaR
Total assets
39,610,006 40,981,301 41,041,614 40,9u2,464
Liabilities—
$
$
$
Stock
20,000,000 20,000,000 20,000,000 20,000,000
Bonds
18,333,000 19,837,000 19,837.000 18,843,000
Miscellaneous accounts... 1,277,006 1,144,301
guarantees interest
*
tttr
L
Lehigh
-in
/I
m
*1
i
* O
* 1.
O
*'
4
/
k
-.1.
T
It.
t,
r
i
i
^
Coal d Navigation,—Tiio Central Railroad of New
Jersey
"road for interest on bonds and half of net earnings Dec. 31, 1881, the
floating debt was $249,070, including $227,660 accrued interest.
U7iuM\.—Stock, $2,907,850
Au*orr,
MISCELLANEOUS STOCKS AND BONDS.
1883.]
gabMri^rs will confer m great fkvor by firing Immediate notice
^r^^auation
^^imncSde^itoSi, guaranteed by West.
i'ZZl Coal Maryland)-Stock
jfiunca* district Telegraph-8took
iZZnErp restock
bouds
Mortgage
Date
of column headings, Ac., see notee
first page of tables.
For exp**
Stock
Land
Value.
*’*25
100
100
10
50
1874
1,000
100
land sales)
*2,500,000)...
1873
1874
1880
1,000
100
1864
1872
1,000
1,000
100
100
1868
1,000
Too
500
Mariposa Land <t Mining—Stock
Preferred stock
Mortgage bonds (for *500,000)
100
100
100
Bonds.
1,000
Maryland Union Coal—Stock
Mutual Union Telegraph—Slock
100
100
1st mortgage bonds, gold
Kew Central Coal—Stock
New York & Straitsvilte Coat <£ Iron—Stock
Rew York & Texas Land (Limited)— Stock
1881
1,000
100
100
are
mortgage bonds for *200,000. The annual
report for 1880 gives the following information:
Received for coal sold and delivered, earnings of canal
boats,
rents and interest
*465,931
hand, value
Canal and railroad
24,712
transportation
Mining, superintendence, labor, Ac
Shipping expenses, Alexandria, Balt. & Jersey City
*287,944
Surplus, December 31, 1879
Depreciation
13,219
463,587
*27,056
$207,843
27,056-
boats, Ac
Present surplus
on
208,002
9,542
*225,357
Total assets December 31, 1880—Lands and
real estate at mines,
*1,542,365; real estate at Jersey City, *100,710; mine
•
wlm.rf
wharf
•ersonal property at mines,
Imni'nvmiiont
improvement
6 g.
„
6 g-
do
New York
M.
do
do
Jan.** 17 1904
London.
Jan.
A*
N. N.
J.
do
iii.
Jan., 1885
Jan. 1, 1897
Oct. 15. 1875
Cent. R. R.
Nov., 1893
Boston, Treas. Offloe.
Aug. *1,’1882
July 1, 1901
New York.
A J.
J.
Y., at
Jan. 1, 1886
Jan. 1, 1876
Nov. 1, 1906
A J.
4,400,000
161,000
M. A N.
New York.
New York, Office.
New York.
M’ntiily
1,500,000
6,000,000
of
at
1, 1904
Jan. 27, 1882
do
New York, Offloe.
Q*.-F.
5,000,000
10,000.000
5,000,000
5,000.000
1872
N.Y.,Office,47William St
1,000,000
(?)
or
N.Y., Co.’s Office, 71 B'y
J. A J.
J. A J.
A. A O.
400,000
1882
Jan., 1875
F. A A.
3,000,090
7,620,000
500,000
10,000,000
5,000,000
1877
June, 1884
London, Brown 8. A Co.
A J.
7 scrip.
500.000
Nov.* 12,
Boston, Office,
*& * J.
1882
Sept.* 1*6‘,
Y., Company’s Office. July 1,
& D.
J.
J.
1.
May 1, 1911
Jan. 15,1881
April, 1880
1900
—Consolidated mortgage bonds are held to retire old bonds.
Guarantee*
also bouds of the Cumberland A
Pennsylvania, and assumes *135,000 of
the Union Mining
Company’s bonds. (V. 32, p. 287; V. 34, p. 290.)
Cumberland <& Elk Lick Coal— Admitted to Stock List
January, 1880.
A coal company of Somerset
County, Pa. Bonded debt
outstanding
only *17,000;
no floating debt. Alex. Shaw. President, Baltimore.
International Ocean Telegraph Go.—The Western Union
Co. owns
*1,517,000 of above stock. Net earnings 1880-81, *229,253.
Iowa Railroad Land.—The total land
owned was 451,609 aores
March 31. 1880. (V. 35, p. 78.)
Iron Steamboat
Co.—Property consists of seven iron steamboats.
Bonds and stock listed in June, 1882.
Stock, $2,000,000.
assessment of *5 per share was due
stook dividend was made on stock
(V. 34, p. 291.)
Maryland Union Coal—Stock placed on N. Y. Stock Exchange, April.
See statement V. 30, p. 466.
President, John White, New York:
Mutual Union Telegraph— Organized under New York
State laws. In
1881 lines were extended to Western cities via
Bufiaio, Pittsburg, Louis¬
ville, Ac., Ac., but in
1880.
161-
i
Sl.i (HQ1 pnsh
$15,019; cash, SIS.t 411
*35,414;
J.
which paid the assessment.
11*729
!
v
Y., Company’s Oflioe. Sept.
Mariposa Land <t Mining.—An
March, 9,1882, and a 30 per cent
(j 025
.........................
Add gains, 1879
~d
‘
*490,643
115,630
28,876
Bond and scrip interest to March 1, 1880
Salaries, office and contingent expenses
Legal expenses
\.
Gains, 1880...
N.
717,875
495,000
539,000
2,400,000
10,000,000
3,500,000
10,250,000
270,000
752,000
Wh
rhom.
322.515
Adams Express.—No reports; no information.
American Cable.—The stook of *10,000,000 was partlvpaid
up. and in
April, 1882, a pooling arrangement was made with the other cable com
pauies, by which this company receives 22 p. ct. of business. Then this
company's cable was leased to Western Union, with a guaranty of 5 p. et.
per annum on tho'etock—increased to *14,000,000. (V. 34, p. 548, 662.)
on
Bond*—Prtnolpal,When Due.
Stocks—Lout
Dividend.
Payable, and by
New York, Office.
1,500,000
50
Laud scrip receivable 75 percent for lands
Debentures, registered
N.
4.720,815
2,149,000
1,000
Maryland Coal—Stock
Coal
Rate per When Where
Cent.
Pay’ble
14,000.000
1,500,000
2,400,000
18,000,000
800,000
£200
1,000
100
100
Colorado Coal <£• Iron—Stock
1st consol, mortgage, gold.
Consociation Coal of Maryland—Stock
1st mortgage (convertible)
i»r mortgage, consolidated, convertible
Cumberland Goal d frou—Stock
Cumberland <£ Elk Lick Goal Stock........................
Dunlcith <£ Dubuque Middy*-Bonds, oinking fund
International Ocean Telegraph- -Stock
Iowa HR. Land Co—Stock.
Iron Steamboat Company— Bonds
American Coal.—There
outstanding.
*100 *12,000,000
Union
*
^fiterllnf1bou(bT(sirking fund one-fifth of
Central Netr Je sty
Bonds
dlscorered In these Tables.
Amount
or
par
:
(f^|JJ;^0,000)
MortgXe bonds, gold, sixes (for
Size,
of
od
of any error
*31,219; personal property at wharves,
3,607; bills receivable, *10,323; accounts,
*107,177; canal boats,
by Jay Gould and others
afterwards
40,000 shares
were
ment of
transferred to Western Union Co.
State¬
property, earnings, Ac., in V. 35, p. 22. (V. 33 p. 201, 255, 622;
V. 34. p. 205, 231, 292, 336, 366, 604,
637; Y. 35, p. 22, 189.)
Neio Central Coal (Md.).—The annual
report for 1881 had the follow,
ing statement of profits for 1881:
,
improvements,
Jersev fif,r *0,315;
City’, aul Q1K*
Tui'onir
March, 1882, 51,000 shares of stock were pur¬
in the Western Union interest, and
chased
STATEMENT OF PROFITS FOR
1881.
Dec. 31.—Balance to oredlt of coal account
Dec. 31.—Coal on hand, at cost
Less freight and taxes due
1881.
*1,189,717
*55,517
8,887—
46,630
*1.236,347
freights and
Alexander, John P. Moore, Sidney Wintringham, Gardiner
Lloy’d, Ben¬
jamin Williamson, Richard 8. Grant, William J.
Boothe, A. J. Akin, Deduct amount
David Stewart. Gardiner P.
paid for railroad and canal
Lloyd, President; George Sherman, Secre¬
tary and Treasurer. (V. 32, p. 287.)
tolls, mining, office and shipping expenses, salaries and
Interest
American District Telegraph.—No information
$1,157,499
has been furnished by
this compauy. On Fob. 10 notice was
Net earnings for the year
’
given of an increase in stock to
*78,848
*3,000,000, the par of shares to be raised to *100. (V. 34,
p. 203,230,459, —(V. 32, p. 312 ; V. 34, p. 314.
573.)
Boston Land.—The capital stock of
80,000 shares of the par value
Si A1? each, or *800,000. Assets of the company Jan. 1, 1882: cash.
^139,327; land in East Boston and Revere, about 700 acres, unincumbeml’ estimated at *1,829,520. An abstract of the
annual report in V.
32, p. 92, refers to the financial
policy. (V. 32, p. 92; V. 34, p. 175.)
Water Dower.—The shares have
strictly no par value. There
are 85,833 shares
called “
proprietary”
or the number into which
tile
property of the company is divided.shares,assets consist of
The
lands on
and near “Back
Bay,” in Boston, put in the company’s report at a
tion of
*4,487,370. Annual report, with statement of financial valua¬
condi¬
tion, Ac., in V. 34, p. 488.
(V. 32, p. 182; V. 33, p.23,99; V. 34, p. 4885
Improvement.—The annual report for the year euding May 31,
J-5S-, is in V. 35,
p. 130.
A brief history of the
company was in
J-Ai7:. A“e company owned the stock of the Union RR. Co. and V. 30,
anteed its bonds, but
guar¬
sold this stock
(*600,000) to the Northern Central
*882, for *594,000. The Union RR.
fund
To?. ozo; Viliams the property of Canton Co. (V. 33, sinking V. 34, of
p. 99;
iuo,
p.
V. Jo, p. l jo.)
^ew Jersey Land
Improvement.—The statement for two y’ears
andnf31. 1881, showed total receipts in 1880 of *72,666
^ til lool ot ^-1.1
rPll
Knlnn/IA ali/AAt- T
’
.
.
A
91
1 OQ1
New York & Straitsville Goal cC Iron.—Has
*300,000 bonds.
admitted to New York Board April, 1880.
The stock
Nciv Fork & Texas Land—This
company owns the lands granted to the
International and Houston A 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 A Great Northern lailroad
receives *300 stock and *1,200 laud scrip of this
Company.
Northwestern Telegraph—This company owns 8,000 miles of wire
and
is leased to Western Union for 99
years, with
4 per cent at first,
rising one-eighth per cent
afterward. The bond interest is guaranteed.
Pacific Mail Steamship.—In
made between
guaranteed dividends of
a year to 6 in 1897 and
(V. 33, p. 358.)
February, 1880, an agreement was
railroad comi
of *110,000.
the amount was made
*95,000 per month, and six months’ notice ia
required to terminate the agreement.
Ou April 30, 1882, the com¬
pany’s liabilities were *1,684,647, which included *1,293,207 loans due
to Panama RR. Co., and *116,320
unpaid bills iu New York and San.
Francisco. Report for 1881-82, in V. 34, p. 635.
Tne following is a statement of the
earnings and expenses for the
years ending April 30,1880,1881 and 1882:
EARNINGS.
Cohn ".An V-L
i
r°r” tlie Colorado Coal A
Grmdp°ihm. iIron^.°*
1881 wornii1 ^,
full roniA
,
Tlie
Steel Works, and the Southern
company is controlled by Denver A Rio
PJlrites. Stock is non-assessable. Gross receipts in
*0; net, $40.3,154, not including land sales. The
Pulffie}0V32,p1U36C: V.“4grV;31'
CiiHovrrvJ oa 1 vTTlle aimnal
P’187, P,'usidcnt- W' *
report for 1881
Th^rnLT’TT4,11- 290, and contained the following: published in the
CTOftfl
t
<fce^ (inoivv1 its fl«om luille8* railroads, rents, 1880.
1881.
ToteVnen’s Afolleofis-t,<;.kof coalou hautl> were. *2,265,639 *2,417,794
116
rar,/
butScl
*
4.
9 u“u Gunuuutu
rafis A all
LIIU
1 UilU
YY I
^xcl.of int. Asink.fd.,
extraordin’ry outlays) 1,771,515
1,982,458
$494,123
$435,335
r^cipts
R&
was
K’fa b!sie^ct',«:ft ’on bond*,to *for*’*8*6
belonging to ’80, am’nt’g debt
iu.
$218,414
275,708
215,419
Atlantic Line
Panama Line
Victoria Line
Trans-Pacific Line
Australian Line
Austral’n&N. Zea’ld subsidies..
Cent. Am. A Mexican subsidies..
British Columbia subsidy
Hawaiian Government subsidy.
Interest and divs. on investm’ts.
Miscellaneous
Exchange
Total...,
Expenses
Net
earnings
1879-80.
1880-81.
*600,915
1,531,677
*745,344
201,978
930,657
321,215
176,411
118.366
38,000
6,500
635,)
80,887
973,472
307,073
203,550
99,416
4,222
3,000
1,058,370
334,870
208,931
90,463
12,464
12,897
8,000
13,663
29,094
2,605
18,2^5
4.050
37,698
3,876
*3,969,882
3,519,821
*4,402.647
3,172,705
$4,124,713
3,223,036
$450,061
*1,229,942
-(V. 32, p. 265, 575, 613; Y, 33, p. 102, 256
178, 625,
1,950,507
1881-82.
$693,065
1,675,777
*901,677
528, 561, 642; Y. 34, p
I !
Subscribers will confer a
great ftwor by giving
For explanation
Immediate notice of any error
of column headings, Ac., sec notes on
page of tables.
first
Date Size, or
Amount
Par
of
Outstanding
Bonds Value.
'ioo
50
Palace Car—Stock
3d series
4 tli series
debenture
sterling debenture, convertible till
1879-0
415,000
820.000
1,000
908.00c
1875
£100
100
KM)
100
5,708,700
4,291.300
.-
-..
Plain income bonds
ioo
ioo
Bonds, coup, or reg., oonv. till May, ’85, sink. fd. 1 p. ct.
Sterling bonds, coupon (sinking fund 1 p. ct. per annum)
100 Ac.
100
100
1872
1975
1875
1,000
1,000
total receipts of $2,995,496, against
Operating expenses, including legal expenses, general taxes
and insurance, maintenance or upholstery and bedding
(including leased lines), and rebuihTng association cars— $1,076,400
year ending July 31, 1881. showed
which were oliargod the following disbursements:
264,000
191,867
482,166
Rental of leased lines
Coupon interest on bonds
Dividends on capital stock
$2,014,442
$081,054
uly 31, a oomparati ve exhibit of the rebeiptR,
profits and surplus applicable to dividends, shows as follows:
Interest,
Borplus for tlio year
For 11 veyears past, onding J
Expenses.
$2,570,639 $985,072
878,578
2,160,830
958,465
2,196,734
955,017
2,635,468
2,995.45)6 1.076,409
Revenue.
..
1880-1....
—(V. 32, p.
rentals, Ac.
Surplns.
$1,585,567
i ,282,252
$193,579
451.866
$1,091,988
1,238,269
429,890
830,386
808,379
1,680,421
432,479
455.867
1,247,442
1,460,220
Profits.
1.919,087
8ept., 18hh
Nov.l.
1881
A»g. 15, 1h82
Leb. 15, 1H87
A ug. 15, ] ^uo
Oct. 15, iccg
i«85
April 1,
3 iuos. to 5
yrs,
A J NT. Y„ Drexcl, M. A Co
do
do
A J.
A. A O. New York and I^ondon
J. & J. N. Y., Drexel, M. A Co.
J.
,T.
J.
A; A O.
2,300,000
00,000
418,000
495,575
18,920,000
600,000
7,0(H),000
5,000,000
3,000.000
1,200,000
6.250,000
80,000,000
1,373,000
3,920,000
951.102
£100 Ac
Pennsylvania OoaL—Liabilities at a minimum, and L2 p. c. dive. paid,
f Pullman Palace Car.—For extension of works stock was issued at
par to stockholders in 1881, and $2,523,600 more was offered to
stockholders of record on Feb. 18, 1882, making total stook as above
when all issued. Annual report V. 33. p. 302. The income account for
1876-7...
1677-8....
1878-9....
o'
1,000
1880
do
do
5)48,000
1.500,000
10
Co.—Stock
1904
1,250,000
1.000
500 &0.
1879
Sinking fund bonds, gold
Wells, fur go dk Company Express—Stock
Western Onion Telegraph—Mock
Real estate bonds, gold, sinking fund
expenses,
2,500,000
50
50
$2,000,000)
Quarily
2,490,000
3,000,<KK)
5,000,<100
1,000
1864
1880
1876
•July 1, 1882
J=ui. 1.
2,966,5*00
."25
1
Q.-F.
0)
100
100
1879
do
Aug. 17. 1881
Aug. 17.1881
19 b., K82
N, Y., Clark, Post A M.
500,(K)0
*i(i’o
United States Express—Stock
United States Rolling Sloek—Stock
Total
52.500
l.bOO
Var's.
Y.,West. Uu. Tel. Co.
N. Y.,
Broadway.
Q.—F.
Q.—F. N. V., Farm L. A T. Co.
do do
Q —F.
d >
do
y.—F.
do
do
A. & O.
A. A <). Lond’u, J.S.MorgauACo
F. A A.
F. A A.
12,517,400
A(ocA'«-1^8j
Dividend.
Vi i"
1,000
let mortgage, new, sinking fund
Tunnel FK. of St.. Louis, stock, guar
Southern dk AllanXic Telegraph—Guaranteed
stock
Spring Mountain Coal—HUwk, guar. 7 per ct. by L. V
Sterling Iron dk Railway.—Stook
Mortgage UondH, series “A ”
Mortgage bonds, inoome, series "fl"
Payable
do
3 ,CBK)
Quicksilver Minirtf!—Common slock
Preferred 7 per cent stock, not cumulative
Railroad fajulpmctil Co.- Stock .
Coupon bonus. (8co remarks below.)
Rapid tlarthii'uctlon t o. (PI.)- Stock
St. l,ovis I'ridoe <fi Tunnel HR.—Bridge Block,oommou
1st preferred stock, guar
2d preferred stock, guar
Cent
l>a .When
Payable, and by
Whom.
N.
1872
1872
1878
April, 1681
Where
When
5.<M)0,(KMi
IOO
Pennsylvania Coal—Stock
Vermont Marb'e
discovered in these Tables.
Rate per
$2,500, «>dO
1,180 00>>
20,000,000
$50
Rortlitcestcrn Telegraph—Mock
Bonds, Interest guaranteed
Pacific Moil St cumuliip—Stock
Butro Tunnel—Stock
Mortgage bonds (for
fVoL. xxxv.
INTEREST OR DIVIDENDS.
DESCRIPTION.
Pullman
Bonds,
Bonds,
Bonds,
Bonds,
BONDS.
MISCELLANEOUS STOCKS AND
1x31
N.Y., West, union Tel
Company's Offioe
A D. N. Y.,
London.
New York, Office.
M. A S. New York and London.
6 g.
A D
A J.
June 10,1882
April 1, 1894
Oct. 1,1808
Q-F.
J.
J.
1, 1884
April 1, lot#
Jan. 1, 1884
April, 1882
Aprii i’i882
New York,
do
A. AO
Feb.
J»i)y lV 1882
July
New York,
New York, Office.
New Yors, Office.
Jan.
i*
1891
Aug. 15,1882
6)
Dec.
iVioio
July 15,1882
July 15,1882
Q.-J.
M. A N, N. Y., Union Trust Co.
May, 1902
M. A N. N. Y., Treasurer’s Office
May, 1900
M. A 8. London. Morton, R. A Co March 1,1900
which the Western Union
1881, was dated the grand consolidation, in
raised its stock to $80,000,000. giving par, or $15,000,000, for
and bonds of the American Union; 60 per cent for old Atlantic
the stook
A Pacific
stock was given in new Western Union; and a stook distribution of 38*4
per cent to Western Union shareholders. An injunction was obtained
against the stock distribution nnd litigation ensued, but the stook
dividend was permitted.
(8ee V. 32, p. 124, Ac.)
In March, 1882. Jay Gould and associates obtained a majority of the
Mutual Union Telegraph stock of $10,Oi 0.000, and so stopped its oppo¬
sition. The Western Union also leased the Amorioan Cable, with a guar¬
antee of Gperoeufc per annum on its$10,nOo.OOo stock.
From January, 1873, the stock was romiually $41,073,410, but onlj
$35,084,975 was outstanding prior to June 20, 1879, when it was a^ain
watered, and a scrip dividend of 17 per cent declared, raising the stook
to the above amount.
The last quarterly
statement for the quarter ending July 1,1882
(partly estimated), was as follows.
Net profits
Deduct interest on
$106,700
bonded debt
$1,650,010
20,000— 126,700
Sinking funds
$1,523,300
1,199,750
Net income for quarter
Deduct dividend for quarter
Surplus for quarter
Add surplus of April 1, 1882
$323,550
1,315,531
:
44, 3.>6, 396. 579; V. 33, p. 302; V. 34, p. 20, 62, 115, 1 *7.)
Surplus July 1,1*82
$1,639,081
Quicksilver Mining— Bonds paid off July, 1879. The preferred stock
Prom the annual report published m the Chronicle, V. 33. p.
to entitled to 7 p. ct. per annum, not cumulative, and any surplus goes
410, the following was given for the fiscal year ending June 30, 1881.
to the common and preferred equally. (V. 32, p. 336; V. 33, p. 178.)
The revenues, expenses and profits (after reserving amount sufficient
Railroad Equipment Co—This oorapany leases equipment to railroads to
meet the claims of the Atlantic A Baciflo Telegraph Co. under exist¬
®n the “ Car Trust” plan, advancing cash for the rolling stock and tak¬
ing agreements) were as follows;
ing obligations of the railroad companies running from 3 to 60 months,
1879-80.
1880-81.
which oover the princfp.tl and uiterost of the special series of bonds Revenues
$11,738 094 $14,060,806
issued by the Equipment Co. running lor similar perious. The title
6,591,455 8,4^0,165
remains in the lessor till last payment is made, and then vests in the Expenses
purchasing railroad. In the meantime iho title is held in trust
Fidelity Trust A Safe Deposit Co. in Philadelphia, trustee for
by the
bond¬
holders.
Rapul Construction Ok (Tel.)—See V. 34, p. 230.)
St. Louis Jh'idge dk tunnel Rai road.—The railroad and tunnel were
sold under the mortgage of lo73, July 1,1878. Foreclosure under the
first and second mortgages on the bridge was made Dec. 20, 1878.
On Juiy 1, 1881, the bridge and Tunnel Kuilroad were loosed to the Mo.
Pacific and Wabash 8t. Louis A raoifio for the term of their oor-
£orate oharters.
guaranteed 5
\
Of cent stock January, l8-<5, 1st preferred, which
the till $2,490,000 is and then 6 per oe'nt;
per
$3,000,000 2d preferred, which is guaranteed 3 per cent per annum,
the
first semi-annual payment being July 1, 1*84: and $2,500,000 common. The common stock was held by the London Reorgani¬
zation Committee., and under the loase was transferred to Mercantile
Trust Company of N. Y. with power to voie thereon. The Tunnel Rail
road stock is guaranteed 6 per cent per annnui. (V. 32, p. 659 ; V. 33,
22, 125, 224; V. 34, p. 86.)
Spring Mountain Goal Co.—This is guaranteed 7 per cent per year till
1885 by Lehigh Valley Railroad.
Sterling Iron dk Railway.—The property of this companv, in Rockland
and Orange Counties, N. Y.. cons sts of 25,00b acres of land, with fur¬
naces. Ao.. having a capacity of 15,000 tons of pig iron per year, and
miles of railroad, houses, Ac. The company endorses file $471,674
bonds of the Sterling Mountain RR. A. W. Humphreys, President, 42
p.
Pine Street, N. Y.
Butro Tunnel.—Tunnel on Comstock Lode
ations. New management elected March,
lished in Chronicle of April 24, 1880. See
United States Express—No reports.
for facilitating mining oper
1880. Animal retain, pub¬
V. 30, p. 249 ; V. 34, p. 452.
United States Rolling Stock Co — The assets, Dec. 31, 1881, amounted
*>$4 ,058,470 in locomotives and cars, and total including shops, Ac.,
$5,635,496. The net income in 1881 was $329,771 over all charges.
Vermont Marble Co.—This company sold in 1880 $654,049 worth of
marble at a cost of $499,977. The statement to theN. Y Stock Ex¬
change, March, 1881, said that the company’s property consisted of
some 800 acres of land, comprising seven quarries, located at West Rut¬
land, at Centre Rutland and at Sutherland Fa Is, Vt.; valuable water
powers and extensive mills, many large and expensive buildings,
together with all the machinery, Ac., necessary to perfect their exten*ve works.
<V. 32, p. 335.)
Wells, Fargo dk Company Express—An increase in capital to $6,250,00 was made in 1879;
Western Union Telegraph.—On the practical consolidation with the
Atlantic A Pacific in 1878 the Western Union had a monopoly of tele¬
graphing business in the United States. In 1879 the American Union
opposition line was started under the auspices of Mr. Jay Gould. The
Western Union Co. divided up its surplus stock, making a scrip dividend
of 17 uer cent to stockholders of record June 20, 1678. On Jan. 19,
$5,146,639 $5,640,040
Net profits
Fro n which there was applied—
For dividends (8 per cent)
For interest on bonds
For sinking funds appropriations
$3,280,276 $3,732,633
427,455
4 28.516
40,005
40,000
$3,748,793 $4,200,094
Surplus of net earnings for the year over divideinls, interest and sinking funds appropriations wits
With the surplus on
$1,397,846 $1,440,540
fiscal year, July 1,
hand at the beginning of the
1*80, the result for 1880-81 was as follows:
surplus July 1, 1880, was
sui plus for year as above
For construction of now lines and erection of
additional wires.
$103,255
The
1,410,546—$1,343,8Ui
Add
purchase of sundry telegraph
patents, real estate, Ac
For
$1,041,057
stocks,
.c.0
G74,S84— 1,716,54-.
$127,258
8urplus July 1, 1880
together with the balances of previous years,
resented in the profits and disbursements of the company, for
This balance,
isi repultesn
from the date of the general consolidation—July 1, I860, lue
general exhibit of the company showed the nominal surplus to June 3U,
1881, of $16,616,468, out of which the stock dividend was declaream
1?81 to the amount of $15,526,590, leaving a nominal balance or
$1,089,*78, which may go pn as the nucleus for another stock diviaena.
The following statement shows the mileage of linesand wires, number 0
offices, and traffic of the company, for each year from June 30, low*
years,
to June
30, 1881:
Miles of
Years.
1865-66
1866-67
1867-68
1868-69
1869-70
1870-71
1871-72
Line.
37,380
46,270
50,183
52,099
54,109
56,032
62,033
65,757
1872-73
1873-74
71,585
1374-75
72,833
1875-76
73,532
1876-77
76,955
1877-78
81,002
1378-79
82,987
1879-80
85,645
1880-81.. 110,340
Miles of No. of
Wire. Offices,
75,686
85,291
97,594
104,584
112,191
121,151
137,190
154,472
175,735
179,496
183,832
194,323
206,202
211,566
233,534
2,250
2.565
3,219
3,607
3,972
4,606
5,237
5,740
6,188
6.565
7,072
7,500
8,014
8,534
9,077
Net
No. of Messages
Sent.
5,879,282
6,404,595
7,934,933
9,157,646
10,646,077
12,444,499
14,456,832
16,329,256
17,153,710
18,729,567
21,158,941
23,918,894
25,070,106
Receipts.
p
Receipts-
6,568,925 2,624,919
7,004,560 2 641,710
7,316,918 2,748,801
7,138,737 2 227,96;)
7,637,448 2,532,661
8,457,095 2,790,232
9;564,574
10,034,983
9
9
812,352
861,355
3,39».50y
3.^0,127
3,551,042
29,215,509
327,171 10,737 32,500,000
—(V. 32, p. 43, 63, 63, 92, 124, 146, 156. 206, 232, 206, 289,
-411; V/34, p. 292,
544, 637, 687 : V. 33. p. 282, 805,J4l
Vt-* '
675, 688; V,8d,p. 189.)
,
312. 52»
BANK AND INSURANCE STOCKS AND RAILROAD EARNINGS.
ts33. •
Aua>
STOCK
BANK
Comb an iks.
Capital.
Surplus
Mkd. those) Par Amount.
INSURANCE
Dividenixs.
Period.
Is80. 1881.
Lite t.
Par.
LIST.
Dividends.
Surplus,
July l.
Companies.
dates.t
STOCK
Net
Capital.
at latest
not Natl.
are
LIST.
lxiii
Amount.
1882.*
1879. 1880. 1881.
Last Paid.
—
$
*
$
100 3,000,000 1, . 4 >,700 J. & J * 7
M. & N.
7
Am. Kxeh. . 100 5,000,000 1,583,700
lo
loO
217, (){) J. & J.
25(>,‘K)o
Bowery
Broadway.. 25 1.000.000 1,23S500J. <t .1. 16
6K3
Butch’s’ivDr 25 3 0.000 202,100 J. A J
100 2,000,000
5(55,500 J. At J.
7b
Central
300,000
6
100
221,40* J. & J
Cha^o
6
193,500 J. & J.
Chatham — 25 450,000
3 0,000 3,5 02,200' Bi-m’ly LOO
100 1
Chemical
179,900 J. & J.
6U3
Citizens’...- 25 4500,0)0
100 1,000,000 1,811,300 M. & N
15
City
8
Commerce.. 100 5,000,000 3,115,700 J. A J.
7
Continental. 100 1,000,000 316,' 00 J. it J.
CoruExeh *. 100 1,000,000 982,100 F. i A. lo
25
250,000
7
77,200 J. it J
Bast Kiver .
24,900 J. it J
lith Ward'. 25 100,000
100
150,000
53,200 J. & J.
6
l^iftii
IOO.OOO
334,900
Fifth Ave*.. 100
100
30
500,000 3,286,900 q.-J.
First
100 3,200,000 1,087,600 j. & j
7
Fourth
30
(500,OOo
7 •
373,900 M. A N.
Fulton
8
943,009 A. & O.
Oallatiu .... 50 1,000,000
200,000
16,100 J. (t J.
3
Garfield .... 50
750,000
170,000 F. it A.
5
Germ’nAm.* 75
200,000
5
114,300 May.
Germ’n Ex.* 100
200,000
131,300 M. it N.
6
Germania*.. 100
200,000
6
38,600 M. it N.
Greenwich*. 25
100 1,000,000
432.600 J. it J
7
Hanover
Imp. A Trad. 100 1,500,000 2,250,000 J. it J. 14
50
500,000
163,100 J. & J.
8
Irving
600,000
468,800 J. & J.
9
Leather Mfr. 100
100
300,000
Lincoln
6,900
200,OOo
Madis’u Sq*f 100
Manhattan * 50 2,050,000 1,165,800 F. & A.
7
100
400,000
Marine
133,700 J. & J.
7
Market ..:.. 100
332,700 J. <t J.
500,000
8
25 2,000,000 1,102, Loo J. A J.
Mechanics’
8
25
Meoh. A Tr.
44,606
200,000
18 1,(500 J
Mercantile.. 100 l.OOn.OOO
& J.
Merchants’. 50 2,000,00!.
729,200 L & J.
7
50 1,000,000
More’!. Ex..
6
186,906 J. A J,
100
300,000
113,401. J. A J.
7
Metropolis *.
100 3,000,000 1,143,600 J. A J.
Metro polit’11
10
Mt. Morris*
100,000
4,3 >0
100,000
Murr’y Hill* 100
92,700 J. A J. 12
100 1,000,000
Nassau*
105.7(H) YL <t N.
6
New York.. 100 2,000,0o0
8
798,300 J. A J.
N. Y. County 100
50,600 J. it J.
200,000
8
N. Y.N. Ex. 100
300,000
7
97,700 F. A A.
Ninth
100
750,000
161,800 J. A J.
6
N. America* 70
3
700,00* >
218,900 J. A J.
North Kiv’r* 30
75,300 J. A J.
7
240,000
25
Oriental*.
300,000
21-5.000 J. & J.
8
Pacific*
50
422,700
248,206 Q.-F.
10
Park
100 2,000,000 1,151,600 J. A J.
7
200.000
People’s*. .. 25
139,40 r. it j.
7
Phenix
20 1,000,000
3
231,000 J. it J
Produce*..
50
2CK
125,000
Republic.... 100 1.500,000 836, too F. it A.
8
84 Nicholas. lOu
500,000
200,500 J. A J.
6^
Seventli W’d 100
0
300,000
66,700 J. <t J.
8ooond
100
127.800 J. it J.
300,000
10
Shoe A L’thr IOl
a j.
500,000
185,100
8
Sixth
100
63,000 j. & j.
200,000
6
State of N.Y. LOO
800,000
7
432,7001 M. it N.
Third
1(H) 1,000,000
34 (,000 J. it J.
7
Tradesmen’s 40 1,00'.,000
7
295,000 J. it J.
Union
5o 1,200,000
799,300 M. & N. 10
U. States
100
500,000
94,800]
g
7
America*-.
90781
......
7
10
Hi
7
8
8
6
100
7
15
8
7
10
7
July, *82. 4
Mav,\32. 3*a
July,V<2. f>
Jnl/.’32.10
Jul/,’82. 4
July, *83. I
July, *82. 4
July, V2. 5
B‘pt.,’82.15
July, *82. 3*2
May, *82 5
July,’82. 4
July,’-2. 3 b
Aug..’82. 5
4(6.000
200,000
Bowery ... . 25
hroadway... 25
Brook!\ n (J)17
Ctfc zona*
t 20
70
City
Clinton
100
Commercial
50
30)000
...
.
Continental t loO
Engle
40
Empire City. 100
Exchange... 30
50
Farrago t
July,’82. 31-2
July,’76. 3
July,’82. 3
Firemen’s
17
10
Firemen’s Tr.
Frankiin.t E. 100
July, ’82.10
71* July,’S2. 4
7
May, ’82. 3b
8
Apr.,’02, 5
Germania..
50
Globe
50
25
Greenwich
Guardian.... 100
Hamilton
15
50
ITai.over
Home
100
Howard
50
Import, it Tr. 50
......
6
...
Gorman Am. 100
40
....
..........
....
.
..
..
(5
8
6
6
7
14
8
10
...
Aug.,’82.
Mav,’82.
May, ’e2.
May, ’32.
July,’82.
July,’f*2.
July,’82.
3
8
3
3
3b
7
4
July,’82. 5
.
Trying
Jefferson. .t
Kings Co.C)
Knick’b'CK’r
.
....
7
8
8
8
.
•
.
•
.
,
.
.
......
....
3
7
6
7
10
....
..
....
.
.
•
•
d
6
8
8
7
7
6
7
8
10
8
7
G
....
8
7
6
15
8
6
7
7
8
10
Longlsl.(’) .t
Aug.,’82.
July,’82.
July.’82.
July,’32.
July,’82
July,’82.
4
4
4
4
3
3
Lori Liard
Man.it Build.
Manhattan
Mooli. &Trad.
..
July,’82. 3
July, *82.
July,’82. 5
July, *82.
May,’82.
July,’82.
July, ’<->2.
Aug.,’82.
Montauk(’)..
Nassau(t)...
3
4
4
3*2
3*2
3
4
5
2Lj
Aug.,’82.
July,’32. 4
July, *82. 5
July,*82. 3
July,*74. 3*2
Aug.,*82. 4
July, *82. 3 *3
Jail., *82. 3
July.’82. 5
July,’82. 4
.1
uly, *82. 3
May, *82. 3*2
July,’82. :sL2
July, *82. 3*2
May,’82. 5
...
Wall Street. 50
West Side*.. iOi •
500,000
88,000 J. A J.
144 500'J.
200,n<H>
A
J.
5^
12
1
5b Nov.,*81. 2^2
Jan.,’81,10
banks ami Juuo 24,
10
t Figures are of (late July I,
1382, fur vationai
1832, lor the State banks.
J Opened May 1, 1882.
MONTHLY
Jan.
Alabama Great Southern—
EARNINGS
Feb.
37^
N.Y Eq’table 35
N.Y. Fire.... 100
50
Niagara
North liivcr.
25
Pacific
25
Park
LOO
Peter Cooper 20
People’s
50
Phenlx(j).... 50
K users'
25
Standard
50
Star
100
100
Sterling
Stuyvesant.. 2 >
Tradesmen’s 25
Unit'd States 25
Westchester.
10
W'msbg C.(t) 50
...
..
*
.
25t»,(MH>
2DO.OCO
1,000,000
300,000
200,000
200,010
200,000
204,000
53.055 10
(•9.119 10
119,231
15
45,404 8*2
40,917 11
1 >0/ 00
200,000
115,701 7
1,090,(8)0 1,388,446 10
1 .OOO.oOO
73.>,516 14
200,000
121,458 10
200.000
200.000
150,000
306,39' 30
16,279 7
115,924 12*2
1.000,000
700,109 20
3,0 0.000 1,661,572 10
506,000
87,804 5
200,000
36,6 :»5 10
200,009
1,861 8>a
200,010
289,1 19 10
150.000
105,757
210.0(H)
81,077 5
88,575 14
105,264 13
13,489 5
164,363 12
18,591110
193,546 20
165,749 20
16,153 10
144,632 13
78,368 10
162,593 20
81,181 10
326,850 15
71.160,12
602,536, 12
20
.
150.0(H)
300,000
300,000
200,000
250,000
200,0. 0
250,000
200,000
200,000
200,000
200,000
210,i 00
200,000
500,000
350,000
200,000
200,000
150,000
200.000
1,000,000
200,000
200,000
5u0 000
350,000
200,000
300,000
250.0(H)
300,000
250,000
retired from business sinoe
PRINCIPAL
May.
|
July.
Jane.
Wg?
(293 m.)..
51.401
58,501)
03,540
4?329
02.490
(295 m.)..
4o.344
53.293
60,575
03,732
4I.I45!
52.307!
40,821
.1882
10
to
16
20
20
10
10
10
10
10
July, ’82. 5
July, *82. 5
20
16
20
10
10
July, *83.10
Aug.,*82. 7
Jul v, *8 2.10
July,’82. 5
Aug ,’82. 5
July,’82. 5
July,*82. 5
10
10
13*77 14-35 July, ’82.7*35
15
15
Apr.,’82. 7ifl
7
10
15
7
10
1 1
10
12 «
10
30
6^
12^
10
10
10
10
7
10
20
7
10
12
8K2
10
11
12
10
10
30
6
12 hi
10
10
10
10
10
10
20
10
10
10
none.
12
10
14
10
8
10
10
14
10
10
10
14
8
20
12
20
10
10
14
3^
3L»
6
2ia
5
July782. 6
July.’82. 6
July,’82. 5
July.'82. 5
July,’82. 71*
July,’82. 3
July,’82. 5
July,’82. 5
July,’82. 5
Jan.,’82. 5
July,’82. 3
July, *81. 5
none. none.
10
10
8
12
LO
12
14
10
July,’82.
Aug..’82.
July, ’82.
July, ’82.
July,’82.
Moh.,’82. 5
July,’82.10
Jan., ’79. 5
July,’82. 5
July,'82. 5
Jan.,’82. 3
July,’82. 3
Jan.,’82. 5
July,’82. 5
July,’82. 5
July,’82, 3
10
14
10
10
51,735
68,335
57,005
54,853
54,490
61,041
are now
in liquidation.
The Belief has
January, 1882.
RAILROADS.
Aug.
58,701
08,187
Sept.
$
62,511
70,7u4
Oot.
$
67,580
89,809
Nov.
$
61,155
Deo.
78,242
$
01,689
80.912
061,512
903,728
Total.
019,484
847,215
643.921
789,764
.......
(868 to 1,107 m.)..
314,732 309,107 503,608 546,182 003,532' 410,308 409,450 510,705 593,311 764,890
(1.167 to 1,540 m.)..
481,103 478,331
677 803! 747,012
051,090
0y0,960
057,580
074/229 806,700 932,122
(1.540 to 1.789 m.)..
713,238 558,481
002,303 94S.47 s 1,040.125:1.197,550 1,000,033 1,000,640 1,155,809 1,203,023
'....(1,789 to 1,820 m.).. 1,070.790 1,055,909 1/303,073 1,104,335
*1037000
BurUngton Cedar leap. Sc No.—
117,302
(435 m.)..
97,277 111,924
100,133
118,950’ 110,179 107,990 122,827 154,795 171,524
(492to 564 m.)..
181,3L0
105,171
183/125
149,504! 150,378 143.432 100 100 179,894 204,991
141,052
1881
(564 to 589 m.)..
107,750
134,510
143,551
105,039; 205,912
184.0S0
174.351
209,112 2H.80I 221,748
1882.
(620 m.)..
232,823 235,430 224,107
199,278, 211/257
178,3 4
190,275
Central
*11530i1j*114iOOO
1,303,385
0,331,443
8,550,978
1,458,752 13,534,508
147,785
178,304
189/030
193,419
2,633,48*
202,180
233,812
2,259,037
1,534,949
Pacific—
}g79
l^1L882+
(2,178 to 2,301m.)..
1,089,100 13)30,091 1,280,272
(2,361 to 2,580 m.).. 1.203,614 1,070,487 1,373,438
.(2,580 to 2.771 ra.).. 1,002,907i 1,451/318 1,703,038
(2,362 to 2,994 m.).. 1339,109 1,720.0:5 1,900,737
Chesapeake Sc Ohio83,067
102,077
1J32,172
202,335 193,681 222.762
(437 m.)..
102,510
184,389 228,479
208,746
179,053 21.5,445
A: Alton(673 to 840 m.).. 343,737 3073*31 327.370
407,013
524, >54
623,473
1880
....
}gg
S;;::;;;;;;;;;;;;;;;; Sc
Burlington
,
10
Jail., ’82. 5
July.’82. 5
July,’82. 7
July,’82. 5
July,’82. 5
10
Aug,,’82. 5
13
July, *82. 7
8
95,142' 8
Apr., *82. 4
20
376,519 20
July,’82. 8
12
100,793 12
July, *82. 6
18
206,051 20
July, *82. 6
11
100,145 13
July, *82. 5
502.98 8 10
LO
Ju y, *82. 5
20
172,453 20
July, *82. 7
151,»00 9-73 12-46 12*46 July, *82. 3%
10
9
18.306,12
July, *81. 4
7
none. Aug., *80. 8b
2s,0141
10
113.498 10
10
July,’82. 5
50.442 10
10
10
July,'81. 5
232.778 11
10
10
July, *82. 5
10
10
171,413 10
Vug.,’82. 5
20
20
20
439,971
July,’82.10
200,000
continued business in 1881 and
$
47,525
5?,9 <2
Atchison Topeka Sc Santa Fe—
OO.Omi
2! 0.000
:
10Lj
TO/JO) LO
4 5.66i> 30
18
331,11
2 0.112 30
471,-*57 30
167,963 10
133,396 1 1
96 07. 10
1,425,039 13-65
662,169 15
IdiP* The following companies have boon omitted from the above
table, via.: Columbia, Hoffman, Lamar, Lenox, Now York City, Belief
and Republio. These companies, with tlio exception of the
Relief, dis¬
$
51,227
3
200,0)0
153.000
518.6 n
Over all liabilities, including ro-liLsuranec, capital and scrip,
Surplus includes scrip.
(*) Brooklyn.
t
OF
March. April.
100
30
20
10
50
50
25
100
100
25
50
50
50
50
50
National....
3
July,’82.
July,’82.
July,’82.
July,’82.
Mech’nicK’ (*)
Mercantile
MerohantH*..
..
July,*82. 3*2
$
50
Ammlorvnl...
Amer. Exoh, 100
-■•••■
liaft80 Sc Eastern
1880*
.
i88i*:
iS‘1
fiLTJ*
'“Vi-i
iJSj1*0
*
Vt
335,393
4 74,318
529,915
517,897
588.7H)J
*50L,787|
178,824!
199,443
252,23V
257,009
421,937!
610,123!
.(153m.)..
l,013,75o'
149,588
00.361
83/*i5
117,119
124,624
591,176
470,007
704,298
733.749
2,020,000
148,457
214,255
173,333
208/230
215,695
259,110
241,>85
271,331
23 >.000
202,858
300,831
125 456
07,025
»8,27*
60,939
65,331!
121.637
83.639
134 0 0
111,800'
117.296*
138,286
120,234
140,113,
224.092
247.303
24 7,144
1,433,142
2.199,400
2,297,971
1,335,870i 17,153,101
1.905,223 20,508.119
3,225,179 i4,004,101
183,320
211,8*20
148374
240,793
179,161
218,009
230300
235,585
203,562
2.074,30/
2,700,702
5.753,677
1,938,539
447,794
583,832
023,811
003,163
017.524
701.120
601,10]
767349
090,77*
553,014
785,199
774,790
771344
67338
646,812 7,507,74*
709,75^
1,100,908 093,823 1,315,559 1,434310 1,709,932
1,082,950 1,773,040 1,804.321 1,862.235 1,934,704
2.03 {,,3 (i 1,883,-50 2,170,945 2/202,931 2,001,001
1,437,104
...
60,315
03.2:44
1>4,S79
132,015
1327,079
1337,800
1,816.133
7.8879*5
1,433,107 14,779.715
1,552,018 30,454,494
1,905,4 90 31,170,455
..
632,8(8
63,167
73,400
.(152 to 220 rn.).
(220 to 230 m.).
(280 m.)..
1,340,007 1,970,4:08 1,904,997 2.120.229
1,899.310 2, >88,519 2,185,303 2,507,8 >7
533,843
703.900
548. )55; 0)5.810 070,205
*563,412. *013,880 *67J ,507
982,37? 1,071,733
1.171303
1,432.740 1,411.870,1,7;C8.518 1,489,894 1,909,037
to 2.921 m.).. 1,307 918 1,034,821 1,418.149 1,574,37111,0 7^.4 »0
(2,921m.).. 1,658,834 1,457,300 1/500/317 1,530,833 1,305,202
lllinois-
1,453,333 1,550,457 1,649,429 1,809,092
03,437
75300*
82,049
114,129
125,139
15J.T09
131.727
131.994
92,975
130,891
83,477
128/W7
153,898
078,430 857,323
793,039 773,173 733,730 1,018300 1,290,740
900,67 *
871,041 1,131,745 1,037,953 1,026.709
991,20 7 1/257,078 1,493,021
910,93) 1.259 9H 1.538,491 1,729 812 1,5 )s 70 \ 1,678,00- L,014,070 1,591,053
80,025
873,45*
128.981
14399,011
151,671
1,100,245
1.472.038
1369,593
1,000,957 10,0134ft*
(2,154 to 2,393 m.).. 1,008,321
889,023 1,107,012 1,1230891 1,43:^305 L393.037 1/114,231 1,330.957 1,710,409 1390.073 1,558,470
to 2.764 m.).. 1,154 033 1,131,883! 1/201,725 t.294^7:) 1,875,00.8 1,47 .177 1,099.680 1,707,939 2.020.245 •2.105/217 1355.022
to 3 018 m ).. 1/240.007 903/205! 1,173.790 1.474,(M2 1,879.0 >« 2,3 (0.440'1,933,0 (t 2.315.164 n 292,076 2,341,097 2.019,037
(3
4
■
1,325,896 16,093*37*
(3,775 to 3.951 m.).. 990.848 *83.713
• (4 104 to 4,333 m.).. 1,435,000 1,377,000 1,501,000 1J518,000 1,029,00J ’.,020,1)00 1,405,000
1397.30
13,686,119
1,854/269 17,025,401
^ Northwestern—
iSJ?
iSrA;
1
*
227,343
267,454
535,830
jj*>;;
is™180 M,lwaukee Sc St. Paul.—
ggj
to 2,250 m.)..
.(2.256 to 3,7.5 ra.)..
}|§L
231,559
490.120
(1,857 to 2.772 m.).
(2,772
162,011
543.961
553,1-0
Quincy—
(1,709 to 1,857 m.).. 1,105,098
ig®
gS
1,406,600 1,579,591 1,443,083
1.35 1.716 1,778.483 L,724,950
1,872,370 2.001, H LI2,150.382
3,051,037 2,342,298 2/339,000
Approximate figures.
mum 1.471. ’ 70 1 07? or
t J one and J iuy fstimiued.
03C7I1 9 1 10.017->.013 wo
-r*y->
1,477.90* 19,410,009
10)35,47(1 214*49.307
02888811
lxiv
RAILROAD
MONTHLY
991778811
10092187878180.
0909327878811120.*
7
.
89071
1831
(385
m.).
(335 m.).
.Louisville & Nashville—
(973 to 1,107 m.).
(1,107 to 1,840 m.).
(1,840 to 2,074 ra.).
(2,0+5 ra.).
Memphis Sc Charleston1879*.
1880*
1881*
1882*
(330 m.).
(330 m.).
(330 m.).
(830 in.;.
Milwaukee Lake S. «fe West.—
(162 to 205 m.).
(205 to 250 m.).
(250 to 276 m.).
1882*
(276 m.).
Mobile Sc Ohio(528 to 506 m.).
(506 m.).
(5 6 m.).
1882*
(528 m.).
Nashville Cbatt. Sc St. Louis(349 m.).
l!
I
;
(349 m.).
(349 m.).
(349 m.)
New York Lake Erie & Yvest.—
(928 ra.).
(928 to 1,009 m.).
(l,i-09ra.).
(1,009 ra.).
New Y ork & New England(284 to 316 m.).
*.
(310 to 394 m.).
18824
(394 in.).
New York Penn. «fc Ohio(558 m.).
(558 m.).
(558 to 565 m.).
(565 m.).
Norfolk Sc West.—(At.Miss.& O.)(428 m.).
OF
Feb.
Jan.
Chic. St. Paul Minn. & Omaha—
1&0
(682 to 946 m.).
1831
(946 to 985 m.).
1882*
(1.003 to 1,030 m.).
Denver Sc Rio Grande(337 to 551 m.).
(551 to 1,002 m.).
(1.066 m.).
Des Moines Sc Fort Dodge(87 m.).
(87 ra.).
(87 m.).
East 1%nn. Va. & Ga.—
1880
(508 to 900 m.l).
1881
(508 to 9t 0 m.l).
r 1882
(902 m.;.
Flint & Pere Marquette1879*
(293 m.).
1880*
(293 to 318 m.).
1881*
.(318 m.).
1882
(318 to 345 m.).
Hannibal Sc St. Joseph(292 m.).
(292 m.).
(292 m.).
(292 m.).
Illinois Central—
1879
.(1 ,257 to 1,275 ra.).
1880
,275 to 1.321 m.).
1881
(1,8-1 m.).
1882
(1,321 m.).
Indiana Bloom. Sc Western—
1879
(212 m.).
1880
m.).
1881
(212 m.).
18824
(544 to 684 m.).
International & Gt. Northern(519 to 529 m.).
(529 to 571 m.>.
(571 to 731 m.).
1882*
(731 m.).
Lake Erie & Western(308 to 885 m.).
EARNINGS
April.
17?,078 251,783
251,649
201,211
307,498
315,100
405,779
124,759
120,922
160,883
307.476
317,681
491,914
412,987
18,779
24,968
32,925
20,665
25,009
18,146
10,471
32.012
26.939
35,375
30.225
25.617
182.444
162.967
173,791
175,187
154,154
187,023
124,284
154,417
580,192
595,212
Pennsylvania—
473,633
665,686
408.562
560,819
349,196 3,478,007
643,417 6,200,813
20.925
33,564
33,324
30.980
51,450
47.519
40,061
35,057
220,000
282,403
296,240
303,518
315,614
298,68('
88,561
107,350
117,026
153,950
151,112
157,364
140,032
155,255
123,570
158,752
168,058
113.898
130,488
100,450
108,821
141,533
238,081
170,810
239.735
193,125
233,448
242.214
207,147
210,241
215,102
231,913
105,007
253,233 1.997.306
279,685 2,561,381
194,336 2,257,231
601,977
732,755
736,066
807,85m
631,343
806.837
880.211
783.120
869,407
828,847
815,238
737,218
107,520
122,406
110,732
110.022
537,402
27.733
24.601
24,121
32.880
28,184
35,867
24,790
21,380
559,917
113,810
133,900
111,812
129,640
195,556
222,709
208,398
73,996
121.376
100,5*8
100,240
79,410
113,488
137,640
251,013
370,897
300,833
373,370
175,113
254,000
324,726
401,532
105,444
107,500
99,810
134,071
179,396
224,312
191,317
190,812
172,950
190,740
201,899
162,475 *148,013 *154.017 *155,030 *184,347
532,161
013.008
535,732
557.789
602,493
746,744
697,274
686,22+
640,014
82,934
80,498
90,289
195,824
82,952
89,960
83,261
80,587
110,135
102,359
206,235
90,229
90,374
103,555
95,027
85.733
90,821
106,954
88,549
103,438
102.631
96.584
83,764
205,934
182,554
180,133
206.072
80,540
110,318
187,290
229,145
85,681
95,070
575,461
302.525
302,957
304,237
*147,401
466,921
175,755
36,695
35,280
$
3,12*,O0|
4,021,981
236,339
88,725
115.969
160.708
492,591
$
495,797
535,055
613.806
524,490
580,578
573,250
681.736
665,120
073,259
803,887
*674.749 *663,740
724,095
720,004
650,065 7,234,404
873,182
763,475
8,304,812
8.586.307
106,054
1,160,743
*752,251
120,785
121,343
117,955 T195.807 Y181.674
-
•
1.148,°34
1,596,945
1,858,255
92,279
90,021
104,019
1100,826
Y150.697
244,813
254.597
*303,006
218,268 1,775,901
253,:(54 1.953,594
*305,850 *2,792.518
1,223,079
r
161,818
159,543
172,470
211,932
140,214
122,280
115,595
216.127
229,944
147,320
187,398
240.459
49,194
105,178
129000
58.789
88,485
74,130
94,920
450,476
430,638
674,455
575,035 012,593;
805.124
9i7,w59i
960.315 1,068,834
810.960
904,527
95.301
98,401
92,5S9j
421,579*
79.362
396,083
563,883
850,802
25.271
39,078
37,772
36,75'
05,293
65,953
75,268
23,166
30.346
40.M48
07,523
194,486
250,110
224,347
101,433
170,658
162,740
204,094
216,768
158.154
168.302
230,910*
152,651
158,034
149,497
191.154
190,866
10W.457
207,710
150,994
159,961
101,005
118,352
124,459
105,866
419,246
772,537
970.230
I
817.135
,*'2 7.88 =>
953,003 *050,000 *1187385 *1038385
19,865
33,251
31,382
157,278
205,634
178,143
.
127,996
131,109
504.229
425,750
655,014
828,726
60,259
63,115
84,406
24.833
105,565
87,030
102,605
94,484
83,979
86,975
115,644
21,170
80,648
98,295
122,443 178,949 228,800
147,586
96,206
113,254
191,921
275.330
170,039 *172.004 ♦100,062 *253,499 *277,295 *308,323
190,856
235,830 237,294
100,398
112,071
87,924
102,252
110,050
129,205
111,842
101,115
119,494
140,09!
103,551
145,272
128,506
155,466
1 S3,525
154,155
*
51,980
49,441
52,865
75,276
48.649
63,938
117,593
129.249
145,808
21,308
34,211
91,609
121,855
130.517
23,742
28,614
49,692
68,632
24,940
35,902
52,202
75,512
58,020
74,007
110,491
131,021
90,019
52,005
68,993
J35.548
137,645
132,572
105,047
144,155
154,549
133,590
151,594
150,430
119,074
109,853
126,719
170,926
122,732
99,742
111,524
443,749
527,214
609,578
931,911 1,000,326
951,566 1,002,950
1,065,223
827,089
876,192
104,231
189,749
213,840
149,908
173,014
217,201
298.647
412,365
431,34b
409,058
109,894)
183,845
607,033
953,086
135,556
,
265,222
179,689
216,913
243,544
183,700 219,891 205,056
217,185
231,518 248,820
289,722 *290,060 *308,920
294,713
384,982
398,206
404,524
341,824
406,332
330,812
412,871
317,143
346,644
504.470
478,251
450,335
470.809
301,272
308.456
447,279
440,099
132,802
175,420
195,050
118,11S
143,099
174,438
171,793
130,979
131,407
149,803
102,247
133,764
156,889
185,322
174.843
35,895
66,060
131.250
125,731
119,770
139,225
134,427
22,782
34,067
59,93
30,001
38,642
37,995
40,125
63.996
73,307
64,654
66,682
635,659
106,147
161,253 267,084
140,593 184,24 7 264,714
*159,348 *209,044 *252,921
309,3^6
251,368
*252,434
310,626
287,373
2,127,497
2,273,623
2,406,437
142,182
109,826
168,317
157,363
107,4713
179.979
169,958
178,266
172,121
191,535
334,160
328,869
386,130
487,272
435,129
317,568
329.788
405,58*
315.307
419,193
487.287
482,661
142.101
157,593
137,400
873,100
1.168.545
29.797
35,906
48 734
41,255
315,943
204.195
217.613
198,744
253,105
210.2 0
312,705
412.024
451,023
174,245
182,087
152,059
1,515,835
1,707,338
482,702
115,650
180,074
681,811 0,007,386
949,185 0.491,344
1,153,779 11,344,301
104,734
90,837
460,438
016,231 *631,342 *679,240
212,019
1,184,133
1,373,012
19,721
100,991
104,431
102,503
307,904
80,132
91,38'
136,398
139,524
158,839
127,812
105,557
1,147,173 1,207,391 1,350,780 1,372,755 1.350,574 1,230,419 1,273,532 1,450,223 1,492,495 1,713,697
1,296.381 1,252,218 1,644.958 1,643,151 1,592,544 1,661,812 1,580,970 1,606,873 1,786,417 1,899.910
1,443,437 1,425,765 1,847,261 1,709,057 1,776,891 1,794,982 1,787,081 1.772,895 1,734,200
*262,025
185,653
175,990
178,127
1,235,091
427.752
1.800,878
2,049,448
2,075,256
1,398,245 16,509,120
1,726.788 19,489,366
249,883
280,524
235,642
299,573
215,491
'261,190
210,850
*242,412
198,108
*237,729
415,364
477,770
508,825
408.479
.452,602
404,114
4,383.706
473.861
475,043
453,128
481,3.8
5,265,357
5,494,112
200,308
235,910
246,664
203,329
1,749,016
209,040
181.746
2,064.104
228,801
*196,789
2,257,192
377,316
414,599
494,310
476,622
4,107,948
5,050,387
5,443,607
2,005,029
2.890,302
2,809,255
360,042
432,877
430,793
475.204
462,523
433,520
500,748
461,318
158,224
145,585
134,955
179,947
177,342
209,446
173.374
196,123
221,438
324,435
450,298
316,716
453,923
426.837
464.093
440.811
498,008
429,565
413,534
512,917
449,604
192,521
211,193
228,777
270.891
295,275
358.456
210,63'
115,272
339,2.7
300,822
434,085
506,032
570,724
475,011
220,093 2,630,) >84
391,286 4,070,224
2.543.425 2 538,039 2 603,068 2,630,022 2,708,695 2.390,810 2,782,906 2,982,718 3,336,528 3,518,144
13,083,551 2.944,576) 3,278,186j 3,488,366 3,417,910
3,882,714
3.189,215 3.095,61413,*44,304) 3.700.372 3,856,897 3.807,437
3,809,978 3,735,000 3,072,971
3,131,997
108,57+
265,002
334,404
386,156
407,368
273.607
330,860
382.657
413,551
37,014
81,390
116,508
44,058
77,230
245,300
208,935
Philadelphia (Sc Reading-
406,583
620,042
400,133
631,381
m.).
m.).,
m.).
m.).,
(All lines east of Pittsburg & Erie)—
(+1,716 to 1,806 m.).,
(+1,806 to 1,820 m.)..
3881
(+1,N44 to 1.837 m.)..
1882
(+1,887 to 1,930 ra.)..
432,015
606.193
206.735
152,691
392,921
548,284
433.212
JTotaL
842.894
373,132
408.493
211.899
210,061
176,356
Dec.
331,480
193,925
137,038
166,966
122.874
Nov.
342,052
379,029
205.456
584,230
164,883
137,047
176,079
154,401
125,601
Oct.
7* ~
312,173
363, LOO
350,558
102,129
130,740
168,520
188,569
Sept.
I
236.095
883,202
218,093
98,427
147,013
159,587
195,813
Aug.
4 '4.502
232,146
350,125
406,420
77,520
118,024
119,886
163,903
(647 to 722 m.).,
(722 m.).,
(722 to 972 in.).,
(972 to 1,298 m.).,
1880
July.
514.707
0.4,298
259,208
77,411
109,992
135,378
108,004
(322
(322
(322
(322
Northern Pacific-
June.
231,140
121,451
101,954
153,633
149,659
1881
May.
[Vol. XXXV
RAILROADS-(Concluded).
~t~
158,595
193,827
156,870)
1879
PRINCIPAL
257,785
(428 m.).
(428 in.).
(428 m.).
Northern Central-
March.
EARNINGS
164,917
78,803
475,743
174,700
415.325
452,906
430,194
108.975
119,358
102.984
373,141
3,373,321 3,306,75013,912,293 3,855,850 4,108,877 4,098,756
247.020
393,252
179,972
450,054
487,160
3,574,913
3,840,215
3,453,925 34,620,277
3,517,828 41.260/ 68
3,731,750 44,124,178
(800 to 346 rn.)..
957,215
877,865' 1,041.142j 1,142.88-1 1,332,547 1.343,014
1,462,280 1.374,013
1,531,204 1,442,587 15,351,184
(846 m.)
1,316,080 1,035,162 1,4"9,3-9 1,490,330 1,457,881 1.398,536
1,531 813 2.089,256
2,184,220 1,354,031 18.431.847
(846 m.)
1,319.133 1,336,42811,600,568! 1,484,864 1,0* 8,302 1,707,295
2,000.986 1,945,874 1,989,9481 2,015,589 1,859,889 20,776,101
(816 m.).. 1,603,075 1,290,421 1,610,089 1,709,712 1,700,469 1,714,731 2,020,459
St. li. Alt. &T. II. Main Line(195 m.)..
59,757
66,728
71,121
63,210
70,202
09,169
92,363
105,648 114,229 116,682
100,963
110.41C 1,040,542
(195 in.)..
90,922
108,938
105.33
113,518
108.434
136,706
138,153
150,727
143,881
10 L,950 1,417,663
95,847
116,699
(195 m.)..
104,577
101,826
132.572
133,337
118,844
121,937
121,996
125,592 121,984 131,697
105,500
96,935 1,416,803
1882*
(19om.)..
104,307
94,439
105,124
91,507
93,‘492
121,847
91,351
St. li. Alton Sc T. II. Branches—
(71 in.)..
44,204
48,445
44,887
41,331
37,778
37,163
31,736
55,210
63,780
52.460
565,521
43,704
64,751
(71 to 121 m.)..
54,750
56,218
66,032
07.589
729.078
55,470
47,028
52,082
44,370
52,924
77,082
72,074
82,553
71,148
04,180
(121 m.)..
08,565
64,110
40.549
50,240
74,192
50,132
755,923
63,588 ) 06,234
72,041
64,289
:
(121 m.)..
66,050
56,092
75,802
67,^30
*63,850
*51,391
*70,170
St. Louis Iron Mt. & Southern(686 m.)..
339,161
334,029
353,147 318,196 302.641 281,920 332,166 403,316 591,076 724,713
656,832
655,413 5,292,610
'.
(686 m.)..
555,983 490,195
451,560 408,241
349,053 363,454
432,655 505,869 671,219 688,365
632,052
656,951 6,265.597
1SS1
(686 to 718 m.).
570,957 560,791
704,002
f'33.512
546,302
479,075 474,302
644,386 *090,400 *719,239
*687,280
*709,498 7,319,744
1882*
(718 to 723 m.)..
510,370 501,127 585,008 581,977 519,120
529,700 515,519
St. Louts Sc San Francisco(327 to 492 m.)
78.823
202.210
85,679
92,878
81.402
89,019
a8,418 126,607 186,711
221,082
203,276
216,332 1,672,437
(492to 597 m.)..
193.146
198,091
195,948
173.607
170,164
213,297
167,664
259,995 280,873 328,194
290,329
220,063 2.698.371
(597 to 661 m.).. 208,547 178,599 269,963 269,507
263.589
252,889
274,086
281,862 278,653 sue.ioe
276,556
300,160 3,160,523
1882*
(601 m.)..
250,784 244,654 274 959 242,806
318,613
253,419 241,280
St. Paul Minn. Sc Manitoba.—
(563 to 656 m.)..
239 991
190,349 241,339
188,940 225,054 291,202
226.605
268,057
170,667 2.540,573
(656 to 855 m.)..
180,239
137,645 201,797 333,014
243,407
281,899
272,089 232,579 274,188 £45,057
300,075
297,640 3,160,229
(855 m.)..
254,187 159,482 820,962 425,685
485,736
387,488
414,954
382.642 405,322
605,708
508,530
528,263] 4,878,900
(912 to 1,020 m.)..
418.358
395,461
531,004 570,890
858,903 856,417 853,290
Scioto Valley20,351
....(100 m.)..
21,930
317,063
28,005
33,959
20,453
32,384
31,733
28,751
24,802
22,648
21,875
30,172
(100 to 127 m.)..
22,916
20,701
28,816
26.407
39.073
26.969
50,290
439,744
39,094
51,241
43,741
47,976
43,117
1882....
(127m.)
33,994
34,206
39.S69
41,983
40,867
45,352
43,343
Texas Sc Pacific1880
(*444 to 700 m;)..
245.785 219,165 215,070 174,177
141,083
153,066
195,711 226.073 260,570 303,666
312.184
301,858 2,754,408
1881*
(700 to 967 m.)..
281,170 200,781
319,928
295,060
281,783 285,305 328,003 354,082 337,117 403,570
381,218 3,921,569
357,724
1882*........
(967 to 1,054 m.)..
255,644 332,911 359, M3 409,228 384,712 307,215
310.785
Wabash St. Louis Sc Pacific1880
(1,553 to 2.479 m.)..
770,790 759,451 978,629 892,025 948,773 053,468 1,066,742 1.189,478 1,178,950
1,131,787 1,050,816 12.428,112
1881*
(2,479 to 3.350 m.)..
811,617 818,922 1,119,591 1,023.482 1,144,661 1,303,992'1,131,751 1.542,838 1,490,026
1,399,555 1,828,278 14,461,570
13H8*
+3
m ).
1.9,29.06^ 1.134 7«*'l 54)3 77=1 1,378 1(H 1 901 ««1 1.149 645! 1 41«.H97
'
.
xlntateiiuros.
giCiii
c auath*
ga * u )
And 00 miles of canal¬
s') * mPe
remainder of rear '>n-900 miles.
6
t Including Ohio Division and Indianapolis Decatur &
I Ino'udm? earnings of Ohio Division, 180 miles
Springfield.
additional.
I
@FedFRASER