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,
.33JJUT
XDttTE
A
Q
nhsws
OF THK
COMMERCIAL AND FINANCIAL CHRONICLE.
PUBLISHED ON THE LAST SATURDAY OF EACH MONTH
Furnished Gratis to
[Entered according to act of Confess, In the year
NEW
1875,
all Subscribers of the Chronicle.
by Wst.
B.
DANA &
YORK, DtCEMBER
INVESTORS' SUPPLEMENT
or THE
Caramertiol
atiii
/raatmal
Co., In the office of the Librarian of
Congrew, Wmhlnzton. D.
C.I
1875.
25,
thinks, as events seem fully to warrrant him in thinking, that
the balance of the U. S. 6 per cent bonds can be funded into the
ower rate securities. Should these anticipations prove correct,
the best interest to be realized on U. S. bonds will ultimately be
CJjnraiclr.
only about 4 per cent. This will leave them almost entirely in
the hands of corporations and business houses, as investors will
issued on the last Saturday of each month, containing
not be satisfied in this country to take so low a rate of interest on
a complete exhibit of the Funded Debt of States and Cities, and of the Stocks
their money.
ttud Bonds of Railroad and other Companies.
It Is furnished without extra
State bonds will furnish very little chance for investment, ms
charge to all regular subscribers of THK
CHBONICLB; no single copies are sold at the office, as a sufficient supply is the best class of them command a
price only second to Govern
for
subscribers
printed
only.
ments; and the amount is also l>eing reduced every year, for it is
Transient advertisements arc inserted at twenty-five cents per line; advera notable fact that States alone ot all the different classes of
tisements by the quarter,
months or year, at
rates.
The Supplement
is
six,
special
borrowers in the United States are paying
INVESTMENTS IN DECEMBER.
The past month hag not been favorable for a large demand
in
off their debts;
Massa-
chusetts only, among the northern States, is making any material
increase in her bonded debt.
At the South the " scaling" process
is making a rapid reduction in State indebtedness, and whether
the line of investment securities, and December, indeed, is
to creditors or not, it is the same for our present purusually about tUe least active month in that sort of business. acceptable
There Is little surplus money to invest just at the close of the pose that the amount of State bonds outstanding is growing
smaller.
year, and immediately prior to the large settlements and disWith Government and State bonds put above the reach of
bursements which take place after the first day of January.
TUe principal events of the month having any general interest private investors, their attention must be turned chiefly to city
were the Union Pacific Railroad decision, announced at the close bonds, company stocks and bonds, and real estate mortgages.
of November (but since our last SUPPLEMENT), and the
City bonds have heretofore been much in favor, though it is
meeting
of Congress, with the customary annual
messages and documents.
The effect of all these was favorable. The U. S. Supreme Court
reasonable to expect that the extraordinary increase in city debts
will presently have an effect in checking the popularity of these
decision, while
securities.
it stimulated
directly the prices of Pacific Railroad bonds, had a wider influence, in re-assuring the holders of
corporate securities that their rights would be protected in the
court of last resort of the country, and this none the less because
it involved the
necessity of a decision adverse to the Government. The decision was also construed by many as foreshadowing
a similarly favorable result in the granger railroad suits
pending
in the same court.
But this conclusion is hardly warranted,
as the cases stand on altogether different grounds; and to assume
that the Supreme Court will generally decide in favor of stock
It is
also
an objection
to
them
that there
is
no
priority of claim in favor of the holders of bonds first issued, and
a careful purchaser of city bonds, when the total debt was only
$10,000,000, finds himself placed on a level with those who buy
after the debt has been swelled to $100,000,000, when taxation
This
has become intolerable and the city credit is broken down.
a manifest weakness in city securities, aud a law giving
to bonds in the order of their issue, under proper
restrictions, and prohibiting the sale of bonds below a certain
is
priority
price, would seem to be only a legitimate and reasonable protect ion
and bondholders, without a careful regard to the faSts of each to holders of the oldest bonds, and might assist in preventing an
case, would be to go so far on the other side as to neutralize the extravagance or dishonesty which would lead to municipal
good effects of the confidence already inspired by the Union insolvency.
1'acific decision.
Railroad bonds, well secured, and real estate bonds and
The President's message and reports of the
Secretary of the Treasury and Comptroller of the Currency were mortgages, must continue to be among the most popular forms
well received, so far as theii financial recommendations were of investment.
Seven per cent in currency, or six per cent in
concerned, and one of the best features about them was that gold, with abundant security, is about as high a rate of interest
they were not unsettling in their effects, and did not advocate as can reasonably be looked for. There are few suggestions to
any new,
radical
or extraordinary measures, but were rather
as are
limited in their suggestions to such matters of detail
necessary for carrying out the plans already previously adopted.
Government securities advanced during the month, with a considerable buying demand, which was reported to be
partly on
speculative account by some strong holders who were piling up
in anticipation of higher prices for these
popular securities after
the opening of the new year. There is also a demand for
govern-
ments from some parties who carry them over the end of the
year to avoid taxation which is based on their exhibit of assets
made up for December 31. The savings banks were generally
out of the market as purchasers, in consequence of the troubles
among some of the weak banks, which led all the institutions to
keep a good supply of funds on hand ready for any emergency.
As to future prospects for U. S. bonds, everything now looks
favorable.
There are $300,000,000 of 15 year 4 per cent gold
bonds authorized by existing laws, and $1,000,000,000 of 30 year
made about railroad bonds; the experience of the past three
years has been bitter, but instruoive. As to the bonds of railroads
that have made no default, the principal point to consider is their
present earning capacity and the prospect of its continuance, and
be
amount
of their annual interest charge as compared
with net earnings. The fact of having a "railroad king" an
president, or very prominent men as directors, is of little moment, except as to the road's management, for interest will not
the relative
be paid long
if it is
not earned.
Real estate mortgage bonds will always continue to be a favorite
form of investment, and with the operations of the mortgage
loan companies there is a prospect that they will become far more
popular in the respect of having a known market value. The
Equitable Trust Company in New
Trust Company in Boston will
be found in another column at the office of the former company, 52 and 54 William street, complete information is
furnished by the officers as to the methods of loaning, the
the
advertisements
of
York
New England
i>nd the
4 per cents. Secretary Bristow, in his report, advises that the
per cents be made 30 year bonds, and with this single change he security furnished, ic.
;
'
STOCK AND BOND TABLES.
NOTES.
These tables are expressly intended to be used in connection with the information concerning Investment matters, published from week to
week in the CHRONICLE to which an index is furnished in the remarks at the foot of the tables. Annual reports are in black-faced figures.
A full description of U. S. Government Securities is published regularly in the CHKOSICLE each month, as soon as the official "Debt State
incut
"
is issued.
Prices of all Stocks and Bonds are quoted weekly in the CHRONICLE.
The following will give explanations of each column of the tables below :
leased to others will often be found under the lessee's name. The following abbreviations f requcntly occur, viz.: M. f or
Description. Railroads
"
"
"
"
"
"
"mortgage," s. f. for sinking fund," 1. gr. for land grant," rcg. for registered," coup, for coupon," Br. for Branch," guar. for guaranteed,"
end. for " endorsed."
on
The
date
of
issue
the
of
Date of Bonds.
face
the bond is referred to in this column.
Miles 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, &c.," signify $100 and larger.
Hate Per Cent.-The interest per annum is given for bonds, but the per cent of last dividend for stocks g means gold x, extra s, stock or scrip.
When Payable. J. & J. stands for Jan. & July: F. & A., Feb. & Aug.; M. & S., March & Sept.: A. & O., April & Oct.; M. & N., May & Nov.; J. &
D., June & 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 eoluiim shows the period when the principal falls due of bonds, but the time
when the last dividend was paid ou stocks.
;
1
;
;
;
STATE SECURITIES
Subscriber* will confer a great favor by giving immediate notice of any error discovered In these Table*.
DESCRIPTION.
December
25, 1875.]
Subscriber* will confer a great favor by
DESCRIPTION.
srlvliie
Immediate notice
o(
n> error discovered In these Tables.
STATE SECURITIES.
.Hubacrtbera will confer * great flavor by giving
DESCRIPTION.
[December 25, 1875.
Immediate notice of any error discovered In thee Tables.
er
25
siihm-rll>.T
,
1875.]
STATE SECURITIES.
will coiner a great favor by giving
DESCRIPTION.
Immediate notice ol
vii
anjr error discovered In these Table*.
CITY SECURITIES.
Tiii
[December 25, 1875.
Subscriber* will confer a great favor by glvl-ig Immediate notice of any error dUcorered In
DESCRIPTION.
Date of
Bonds.
For explanations see not CH on drat page of
Albany,
ff.
Albany
tables
Amount
par
outstanding.
Rate.
Value.
Railrwul loan
men
1,000
1,OOO
5OO.OOO
400,000
1,000
1,000,000
A N.
A D.
A A.
M. A 8.
M. A N.
M. A 8.
F. A A.
F. A A.
M. AN.
Various.
250 &c.
1,751,000
Various
Various.
lOO&c.
7,212,046
5,000,000
2,211,008
1854
$1,000
18(14
1,000
1,000
1,000
1,000
1,000
Purchase Congress Hall Block
City improvement
Washington Park
City improvement
Water stock
187(1
1870,1,2,4
1871
1851 <fe'52
1874
1805
Additional supply
Bonds loaned to Albany & Susquehanna RR.
Augusta. Go.
Bonds for various purposes
Baltimore
Consolidated loan of 1890
Water loan
Consolidated bounty loan
Exempt bounty loan
Public parks (Druid Hill)
Park improvement loan
Five million loan to Baltimore <fe Ohio RR
One million loan to Pittsburgh & Cincin'ti RR
New City Hall
.
1854
!*<;:)
1805
I860
1863
1853
1853
1868
1870
1874
1864
do
do
Consolidated loan
Court house loan
Funding loan
1870
1874
1872
1872
1873
1872
do
Western Maryland Railroad
Jones' Falls
Valley Railroad
Patterson Park extension
Endorsements for York & Cumberland RR.
do
do Western Maryland RR
do
do Union Railroad
Bangor, Me.
Table*.
When
Principal
Due.
100 &c.
lOO&c.
1OO
1OO
100
100
100
1OO
100
1OO
100
100
Ac.
Ac.
.fee.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
&c.
100 Ac.
J.
F.
244, (XX)
lOO&c.
410,353
555,566
185,723
5,000,000
1,000,000
1,OOO,000
1,000,000
6
292,000
891,646
137,414
800,000
6
6
6
Boston
Renewal city debt, sterling
100 Ac
1853
583,205
For city purposes, war debt. <Sc
1852 to '64 1,000
4,446,300
do
do
do
1864 to '75 1,000
17,617,925
Burnt district, sterling loan
1873
JElOOAc
4,997,003
Consolidated street improvem't, sterling loan.
1869
100Ac
3,585,389
1860 to '64 1,000
Roxbury debt, assumed
487,750
Dorchester debt, assumed
1861 to '69 Various.
132,500
Charlestown debt, assumed
1857 to '73 500 &c.
1,247,805
Mystic water debt, assumed
1862 to '73 1,000
1,280,000
1860 to '73 Various.
Brighton debt, assumed
405,640
West Roxbury debt, assumed
Various.
495,000
Water loan, new main, Brookliue Reservoir.
1858
1,000
394,000
do
Chestnut Hill reservoir
1865 to '71
1,000
2,376,000
do
renewal of loan due '70-71, all reg.
1871
088,000
do
do
'72-73
100 Ac
1872
1,949,711
Water works, Roxbury, coupon
1868 to '70 1,000
700,000
do
1871 to '75 1,OOO
Roxbury & Dorchester
465,000
do
Dorchester, all registered
1871
375.OOO
do
W. Roxbury <k Brighton, all reg
1875
210.0OO
Additional supply water
1872 to '73 l.OOO
(iOO.OOO
Various purposes, for water works
1871 to '74 1,000
366.OOO
Water loan bonds, gold, coupon or reg
1875
1,000
1,000,000
Brooklyn
Debt of Williamsburgh, local improvement.. 1859 to '61 1,OOO
138,000
Brooklyn local improvement loan
1861
1,000
213,000
Mount Prospect Square loan.
1857
1,000
90,000
Soldiers' aid fund loan.
1865
1,000
552,000
National Guard and Volunteer Firemen's loan
1864
1,000
27,000
Third street improvement loan, local
1867
1,000
302,000
Gowanus canal improvement
1866
"
loan, local
1,000
260,000
Bushwick avenue
do
do
do
1865
1,OOO
236,000
South Seventh street do
do
do
1866
1,000
278,000
Union street
do
do
do
1867
1,000
326,000
Fourth avenue
do
do
do
1862
190,000
1,000
do
do
do
do
1867
1,000
230.OOO
Wallabout Bay
do
do
1867
1,000
543,000
Bedford avenue
do
do
local
1867
1,000
278,000
Kent avenue basin do
do
1869
1,000
427,000
New York Bridge loan, registered and coupon
1870
1,000
4,000,000
1860 to '73 1 ,000
Prospect Park loan, rogisterod.aud coupon
8,016,000
do
do
I860 to '72 1,000
1,217,000
Deficiency bonds
1872
319,000
1,000
Permanent water loan
1857 to '73 1,000 10,765,000
do
dn
1872
l.OOO
50,000
.
6
6
6
6
6
6&
Albany. There are sinking funds for municipal
bonds anil for water stock. The loan to Albany &
Snequeh. is secured hy 1st mort. Thenssessed valuation of property in 18M by State authorities was:
Real estate, $13,'61,2>>3; personal. $t>,508,101; total,
Estimated true valne of real estate,
$49,669,301.
J.
7
A.
J.
A
A
&
Augusta. The Augusta Chronicle reports the total
debt as increasing f 50i',COO in fifteen months.
Baltimore. The fiscal year of Baltimore ends
with Oct. 31. The city credit has been loaned extensively to railroads, in exchange for their securities, which it holds to a large nominal amount. The
Ohio Railroad $5,000,000
xinking fnnd for Bait.
&
'
&
do
out of a total
v
J.
do
Baltimore, Franklin Bank.
do
do
J.
O.
J.
Beaton. The population of Boston in 1870 was
898,497, against 177,S) in I860.
Valuation of real
property in 1875, including the recent annexations,
wfl $558,769,500, and personal, $M4,a!)8.<IOO- upon
Boston.
&
A
Boston.
J.
6
Various
6
6
6
6
J.
do
do
do
do
do
do
J.
6
7
7
6
7
7
7
7
6
7
7
7
7
I
I
i
7
7
6
7
6
'
7
Brooklyn,
&
&
&
&
&
&
A
&
&
&
&
&
&
&
&
&
&
reduced from last
>mparison of the approme to be received, com-
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
J,
J
J
J
J
J
J
J
J
J
J
J
J
J
J
J
rate of taxation is $13 70 per $1,000
$12 66
i
1890
1,
At
pleasure.
Sept. 1, 1893
Sept. 1, 1893
1890
1895
1890
1, 1886
July 1, 1884
April 15, 19OO
March 7, 1902
1885
At will.
July 1, 1900
Feb. 1, 1894
Jan. 1, 19O2
April 9, 19OO
,s-pi. 1,
1,
Jan.
Jan.
Jan.
1,
Oct. 31, 1886'
March
8,
1892
Jan.
1,
1895
1875 to '94
Jan. 1, 1894
July 1, 1905
Jan. 1, 1894
April 1,1 899
July, 1878
1874 to '87
1875 to '95
April, 1893
July. 1899
1874 to '85
1875 to '82
1876 to '93
1875 to '94
1875 to '83
1875 to '92
1878
1876 to '!t9
April, 19O1
Oct., 1902
1880 to '99
1901 to 1905
Jan., 1901
Jan. & April, 1905
1902 to 19O4
19O1 to 1904
Oct., 1905
Oct.,
1879 to '81
1891
1887
1885 to '94
1880 to '81
1881
1876 to '90
1876 to '90
1876 to '90
1877 to '86
1 876 to '95
1876 to '95
1876 to '9O
1877
1879
1901 to '2 I
1915 to '24
1915 to '24
1881 to 1902
last forty years, with a single excepthe taxable valuation has shown an annual
During the
tion,
increase.
Assuming the valuation of 1875 at
,$800,000,000, and supposing great economy, the rate
of taxation will be less than $14 per $1,000, a
material reduction from the rate ($15 60 per $1,000)
levied last year. (It was afterwards fixed at $13 70.)
BrooWyn. The statement of debt
Comptroller's report, dated Sept- 1,
the whole city debt as follows:
is
from the
which
1815,
made
Permanent loans
Loans chargeable on
bencfitted
Tax
certificates
Total
Less sinking fund
Net debt
$26,063,000
specified property
10,685,500
1,859,000
$38,607,500
3,462,736
$35,114,764
8,86 1,425
1874-5.
$13,645,143
2,728,850
$9,324,380
879,731
$10,916,293
387,439
1874 only $525,115, against $2,426.516 in 1873.
Pop$1,591,411 in 187J, and $3,590,581 in 1S71.
ulation in 1870, 396,800, against 266,661 in I860.
Valuation of property in King's County in
$9,604,111
$11,213,782
085,370
Appropriations
,$12,18-,805
.
The Mayor,
that
Placing the tax to be paid to the State at the same
as last year, the estimated tax warrants exhibit the
following result:
1874
1875.
City and County
$9,604,111 00
$11,243,782 00
00
State ..
802,120 00
802,120
$10,406,231 00
$18,045,9<S 00
the
in his message, January, 1875, stated
debt chargeable on taxation increased
in
1874,
,
do
do
London, Baring Brothers.
6
7
Income
Per centage.
Bangor, 3fe.Ttie valuation of real and personal
property is $10,510,094; rate of taxation, 2 .90 per
cent. The loans to European <fc North American
Railroad and to Bangor & Plwataqnli Railroad are
secnrtd by first mortgages on those roads.
do
July
Jan. 1, 1877
Balto., North. Central RR.
Balto., N. Mechanics' Bank. Jan. 1,'90& 1900
Various
Various
Various
A.
A O.
5g.
1875-6.
.
do
Baltimore,Register's Office,
1S74-5-
Passenger Railway, and
Bank.
Bank.
Baltimore, Register's Office.
Balto., N. Mechanics' Bank,
do
A. A O. London, Baring Brothers.
do
5 I' J. A J.
Boston.
5, A, 6 Various
Various
do
do
5,6,7 Various
do
5 A 6 Various
do
7
Various
6, 6ia,
do
6, 6%, 7 Various
A. A O.
do
do
J. A J.
A. A O.
do
A. A O. London, Baring Brothers.
.rgely
$38,095,725 only $7,535,304 is dependent on the tax
The assessed value of property in 1815 is
levy.
$531,542,513; tax rate, 18.75, $1 80 on thc$100forcity
purposes, and .20X for State. Population in 1870
was 267,354, against 212,418 in I860.
do
do
Balto., N. Mechanics'
Plan.
Balto., Farm.
Various
Various
of this for city and $1 Oi for State purposes. The
total debt, Uo:h funded and unfunded, at the close of
the last fiscal year, April 30, 1875, was $43,512,61 1, and
the sinking funds, bonds, mortgages, &c., $16 218,40-2.
The sinking fund provisions are sufficient to meet
the debt as it matiires.In March. 1875, Mr. Turner,
city auditor, gave his estimates for the revenue lequired for the coming financial year 1875-76, commencing May 1, :75, and terminating April 30, 1876.
This estimate is based on an assumption of strictest
economy in all departments. He says: It is a source
of congratulation that in meeting the actual wants
of the municipality and avoiding the borrowing of
money for other than for the additional supply of
water, extension of the water works, and extensive
and costly street improvements, the tax per each
$102,764,770.
1876 to '89
Various Boston, Merchants' N. B'k
Boston or Bangor.
J. A J.
J. A J. Boston, Merch'ts' Nat. B'k,
6
6
6
6
.
. . .
A J.
A J.
Q.-F.
A. A O.
M. A 8.
J. A J.
J. A J.
J. A J.
J.
J.
6
220,000
100,000
350,000
1,000,000
814,000
do
do
J.
Cj!-j!
6
6
371,000
Nov., 1895
Augusta.
,-J.
5
6
1,375,000
117,000
.
.
5
1,015,300
200,000
Feb., 1876 to '81
(.
6
1,740,000
1,000,000
do
do
do
Q.-J. Balto., Farm. & Plan. Bank.
M. A N. Hit It ii.. N. Mechanics' Bank,
M. A S.
do
do
M. A 8.
do
do
Q. M.
do
do
do
do
Q. J.
Q.-J. Balto., Farm. & Plan. Bank.
A
J.
J.
Balto., N. Mechanics' Bank.
J. Balto., Farm. & Plan. Bank,
do
do
,-J.
6
6
6
6
6
6
500,000
1853 to '65 10O Ac
1874
1,000
1875
500 Ac
1869
1,000
1869
1,000
New York.
May, 1879
do
June, 1880 to '84
Boston, Merchants' Bank. Feb., 1885 to '94
New York.
March, '95 to 1900
do
Nov., 1910, 11,'ia
do
March, 1876 to '94
M.
$249,000
46,000
151,000
34K,000
454,000
100 itec.
100 &c.
100 &c.
. .
City debt proper
,
Municipal loan
Water loan bonds, coup. (Act Feb. 22, 1875)
European & North American Railroad
Bangor & Piscataquis Railroad
which th
tliene
INTEREST.
When
Where Pa
Payable and by
Whom.
Pay'ble
T.
& Northern
Relief of drafted
ao
do
Size or
by the State Board of Equalization. $179,for real estate, and personal, $18,975.980;
the true valne of real estate
The Board of Supervisors
the total taxable property of Brooklyn
in 18i5 at |Mfi,lW,7H, or about 65 per cent of true
valne. Tho debt of Kings County, separate from
the debt of Brooklyn, is $3,983,OiiO. of whieh the
city is responsible for about $3,726,000. Average
tax rate in 1874, $3 52 per $100, against $3 46 in
1873. (V. 19, p. 142, 652; V. 20, p. 520.)
they
to
estimated
be $426,393,740.
valne
CITY SECUHITIES,
December 25, 1875.]
Subscriber* will confer a grrat lavor by giving Immediate notice of any error discovered In thece Table*
INTEREST.
Size or
Date o(
Amount
DESCRIPTION.
Principal when
When
bonds.
Where parable and by
par
due.
outstanding,
value.
whom.
For explanations see notes on first page of tables
payable
Brooklyn (dontiititrdj
Sewerage bonds, continuous, local
Assessment fund bonds, continuous local
Central and Knickerbocker avenue bonds
South Brooklyn
do
do
Boulevard bonds
Temporary tax certificates
$1,000
1,000
l.OOO
1870
1872
1873
1872 to '73
Charleston, 8. C.
City stock
City bonds, coupon
Fire loan bonds, coupon
A
&
$1,811,000
4,724,000
018,000
153,000
H42.OOO
1,859,000
i",6oo
1853 to '54
ISOli
&
&
&
5,240,314
51,500
223,000
6
7
917,000
6
3,660,000
87,000
2,550,000
2,621,000
7
6
7
7
6
7
7
7
Chicago
Water loan
do
Sewerage bonds
do
River improvement bonds.
5OO.&C.
1,000
1,000
50O&C.
1,000
1,000
Municipal bonds.
Municipal and School bonds
lilS.OOO
500 &c.
Park loan (not a city debt)
West Chicago Park (not a city debt)
Cook County debt
3,423,000
2,000.000
Soutli
1870 to '72 1,000
1863 to '72 500 &c.
OincinnatiBounties to Volunteers
To build Egjrleston avenue sewer
Loans to Railroads
F, A, Q, H,
li!l7,(>OO
3,681, 500
1,000
l.OOO
1,000
1,000
1,000
1,OOO
1,000
l.OOO
1,000
1,000
1,000
1,000
1,000
1,000
1,000
B2
25,000
150,000
1,075,OOO
25,000
43,000
210,000
40,OOO
56,000
250,000
1 50,000
150,000
100,000
99,000
195,000
17,000
397,500
146,500
27,000
5OO.OOO
250,000
60,000
175,000
100,000
70,000
150,000
150,000
100,000
136,000
150,000
600,000
200,000
10,000,000
500,000
250,000
1868
1842 to '54
Common School purposes, reg
1845
Bonds to fund floating debt
1835
Bonds to O.& M. RR. to purchase whf. prop.N
1855
Bonds for Common School purposes
1834
Workhouse and Orphan Asylum
Y, Y2 & O 1858 & '66
Bonds for erection of a Workhouse
18(>8
C2
Bonds for Water Works
1868
C3
Bonds for Water Works
1808
P2
Bonds for Common School purposes
1868
P 1860 to '61
Bonds for Common School purposes
Bonds to O. <fc M. RR. to purchase whf. prop N
1855
Bonds to pur. Episcopal burv'g gds. for park. (J
1860
Bonds for ext. and iiupr. Water W. .C, D. & E 1847 to '50 500 &e.
A2 1847 to '48 500 &e.
Bonds for funding floating debt
Bonds loaned to Whitewater Canal
A 1847 to '48 1,000
Bonds for new Hospital
1867
1,000
82
Bonds for new Hospital
1868
1,000
Bonds for funding floating debt
I.
1853
1,000
Extension and improve. Water Works. .K &F
1853
1,000
Bonds to purchase Orp'u Asyl. grds. for park.O
1858
1,000
Bonds for Worliliou.se
Y
1868
1,000
Bonds for sewerage
B
1869
1,000
Bonds for improving Gilbert avenue
t
1869
1,000
Bonds to build Egglcston avenue sewer
BE
186!)
1,000
Bonds for improvement bonds
Vi
1871
1,000
Bonds for Water Work purposes
C4
1871
1,000
Uencral Improvement
W2
1871
1,000
Cincinnati Southern RR
1872
1,000
do
do
1874
1,000
1874
Floating debt, bonds, coupon
1,000
Will rr-wi >rks bonds
1875
1,000
I
&M
A
.
.
.
Cleveland
Water works
Funded debt
Lake View Park
1854 to '71
1854 to '74
1872 to '74
1874
1873 to '74
1864 to '71
1868
1860 to '74
Canal
Viaduct
School
House of Correction
Main sewers
Street improvements
1,525.000
1,822,000
315,000
150,000
268,000
429,000
200,000
600,000
1,268.000
683,400
I
Street openings, &c
Columbus,
1856 to '72 1,000
1866 to '71 100 &c
Detroit, JficA.-
for various City purposes
for Water Work Co., on city's credit...
Public Building stock (City Hall) bonds.
Public sewer bonds
Elizabeth, X. J.
Improvement bonds
Funded debt bonds
School House bonds
Marke t House bonds
Consolidation bonds
The
total assessed value of property in 1813 wus
$27,978,991; rate of tax.!! per cent. Sinking funds
reduce the total debt to $4,672,663.
Chicago. The total funded debt at the close of the
.ast fiscal year, April 1, 1875, was $13,456,000. Certifi-
cates of indebtedness, $3,317.229. Assessed value of
real property, '74, $858,549,310; personal, $45,155,830
total, $303, 705, 140. Tax rate, 18 mills. The Illinois
State valuation is $2*1.118,630, and the ci'y debt is
limited to 5 p. c. of that. The comptrollbr says:
"Owing to the wiae provision in the Constitution of
the State our funded debt cannot be increased above
the present amount for some years to come. Of our
$13,473,000 of funded debt $4,581.000 is on account of
the Water Works, which last year yielded an income
of $730,144 21, and from *he
rapid extension of the
mams
and increase of population, will yield much
more largely in future. Practically, therefore, the
amount of our funded debt is $8,8!t7,000, being the
remainder after deducting the water debt. From
other sources the following is compiled:
.
Assessed value.
,
Tax
Year.
Real Estate. Per. Estate. Rate.
1882
$31,587,545
$5,552,300 $1500
183
2000
35.144,852
7,479.574
186J
2000
37,148.023
11,584,759
1865
8000
44,064,499
20.644,678
1866
2000
66,495,116
19,447,941
1867
1300
140,857.040
51,392,604
1868
1400
174,505,410
53,939,469
1869
1500
211,3.1,840
54,653,640
1870
243,6*3,600
1500
52,342,951)
(138,898,650
187S.
289.154,890
862,969,8*0
253,549,310
N74
to
to
to
to
*
do
Am. Ex.
3. IT. T.,
do
do
do
do
do
do
do
J.
J.
J.
J.
J.
J.
J.
Nat.
Bank
do
do
do
do
do
do
do
Am. Exchange Bank,
N.Y.,
do
do
do
do
do
A N.
do
& N. N.Y., Am. Exchange Bank,
&N.
do
do
& N.
do
do
M.
M.
M.
5
6
Various
3-10 J. & D. N.
3-10 F. & A.
3-10 J. & D.
3-10 J. & J.
6
J. & J.
M. & N.
6
M. & N.
6
A.
6
M.
M.
6
6
6
7
3-10
3-10
3-10
3-10
7
7
7 3-10
7
7
7
Cincinnati.
Am. Exchange Bank,
Y.,
do
do
do
do
do
Cincinnati.
,
Various N. Y.,
J.
&
Am. Exoh. Nat.
do
do
do
do
do
do
do
do
do
7
7
7
7
6& 7
7
6& 7
do
do
do
do
do
& O. N. Y., Am. Exchange Bank,
& N.
do
do
& N.
do
do
J. &D. N.Y., Am. Exoh. Nat. Bk.
do
M. & N.
do
do
J. & J.
do
Various
do
do
M. & 8.
Cincinnati.
A. & O. N. Y. Am. Exch. Nat. Bk.
do
M. & S.
do
M. & 8.
do
do
A. & O
do
do
M. & S.
do
do
F. & A.
do
do
J. & D
do
do
J. & J.
do
do
J. & J
do
do
M.& N
do
do
6
6&
6&
1875 to 98
1883 to -84
1890
Charleston.
New York City.
J.
& J.
&D.
M.
6
7 3-10
7 3-10
7
7
7
7
&
&
&
&
&
&
&
&
&
Various
5
6
7
7
7
7
J,
J.
Various
Various
Various
.
1SHII
1874 to '76
1875
1874 to "70
Various N. Y., Metropolitan Bank.
7 3-10
52,81. ,*20
45,042,54(1
49,103,175
15,155,830
329,000
243,800
7
7
125,400
7
75
1,201,000
7
'71
684,000
272,500
7
7
2,969,000
763,000
90,000
80,000
1,500,000
7
'59
-
'74
1,000
1,000
l.OOO
1,OOO
1,000
1869 to '74
1873
1860 to '74
Charleston, S. P. The bonds of Charleston are
mostly held within the State of South Carolina.
1871
1855
1855
1859
1872
1869 to '74
1870 to '75
1872 to '73
1865 to '66
1875
Qalveston, Texas
Bonds for harbor improvement.
City park bunds (purchase of block 321)
Bonds for various purposes
J878
J.
J.
J.
J.
6
5
J
Q.-J.
&7
6
do
do
do
do
Various
J.
3 yean from date
3 yearn from date
Brooklyn,
B'k.
do
do
do
do
do
do
do
do
do
1877 to '82
1888 to ".O
1880
1880 to '95
1HOO to '<!.-.
1875 to -76
1881 to '99
1874 to "79
1890 to "92
1873 to '89
July, 1876
1878
1878 to -84
1885
1885
1885
1885
1886 to '88
June, 1888
Aug., 1888
June, 1889
July, 1888
Jan., 189O
Nov., 1890
Nov., 188O
April 1, 1895
March, 1897
March, 1897
June, 1897
Nov., 1897
Jan., 19OO
June * Oct., 19OO
March, 19O8
Oct. 1, ISM
Sept., 1899
Sept., 1899
Get, 1899
March 1, 1886
Aug. 15, 1886
Dee. 1, 1891
July 1, 1902
1902
May 15, 1904
De.-.,
Nov.,
Nov.,
Nov.,
Nov.,
I
1878 to '93
1875 to '94
1887 to '92
1894
1893 to '94
1875 to '88
1878 to '84
1875 to '88
1875 to '84
1875 to '80
(fa.
Subscriptions to various railroad stocks
Bonds for funding and other purposes.
Bouds
Bonds
6
J.
J.
J.
71,500
35,000
766,500
Population in 1870 was 316,605,
395,2i6, against I09,2ii0 in I860.
Various N. Y., Metropolitan N.
Various
do
do
Various N. Y., Metropolitan N.
'
F.
&
and interest
distinct corporations.
7
7
7
7
O
& O
& J.
M. & 8.1
10
Various
g.
estate.
I860.. $61,62:),90
18 >1. . 60.657,365
1862..
63,503,396
64,441,538
186-1.
65,585,774
1865.
67,610,611
1868.
86,464,663
18H7.
63,569,040
1868.
69,799,604
1869.
72.3*1,811
1870.
78,736,482
1871.
123.4*7,888
1872.
119,821,858
1873.. 121,479>!0
1874
and in October,
1874,
is all
(V. 41, p. 807.)
1875
Personal
estate.
$31, 411,81*
30,313.411
89,707,861
Total
valuation.
per
$1,000.
$93,0:12,716
94,970,776
17,809,574
93,211,157
100.874,093
115,888,848
63,13B,WB
130,745,9!<S
67,418,101
68,418,285
61,5*3,925
58.471,666
57.370,754
56.934,044
1*3,672,763
138,981,325
13 ,3oS.59
130,715,510
35,i)3!,561
5r>,
I6-;,410
64,166,460
1:38,107.236
1<)O.M1,983
175,084,40
186,646,740
181,950,074
i
do
$17 45
19 90
17 66
18 an
20 20
22 90
1 60
27 40
38 00
81 90
81 60
80
20 10
23 06
S
88 88
1000 The debt of Cincinnati, exclusive of the new loan for
1500 the Cincinnati Southern RR., was small, being lees
1800 than $5,800,000. The city will be the sole owner of
18 DO the itock of this railroad, and thug not " aid in
1876 to '95
1875 to '89
1875 to '89
1875 to 1905
1879 to '91
1892 to '94
1875
1880
1881
1875
to '85
to '95
to '93
to '86
1885 to '98
1880 to '87
1892 to 1902
1874 to '95
J.
By
Heal
Year.
Bk
do
do
A.
10
the census of 1870 population
was 218,900, against 161,044 in 1860. Tax rate for
1875, $23 8-J per $1.000, against $23 38 in 1874.
Under the laws of Ohio reitl estate has been valued for
purposes of taxation once in ten years. The following table from the books of the Auditor of Hamilton
County, Ohio, exhibits the assessed valuation of the
city of Cincinnati since the year 1860:
Rate tax
Cincinnati.
do
A.
Bk
Various N. Y., Farmers' L. & T. Co
do
do
Various
Various
do
do
Various
do
do
Cook Co. debt is all
payable in J. & J., or in
M. & N. The So. Park, W. Chicago Park, and Lincoln Park loans are not debts of the city, but of
7 per cent,
New York.
New York and Columhus.
Various
'Various
I
building railroads," Ac.
14; V. 21, p. 511.)
(V. 18, p. 454, 586; V. 80, p.
Cleveland. The total valuation of property for
taxation is $73,310.144 and tax rate 18 8-10 mill*, of
which 4 s< mills are levied for interest on the debt.
The sewer, street improvement and street opening
bonds are for special local improvements, and re-
deemed by assessments on the property benentted.
Columbus, Co. The total debt is $532,500. and
the annual interest required about $10.0iX). Bonds
are all coupon, and were issued in small amounts
as wanted
25,000 fall due each year. C^y holds
some stocks and other property. Valuation of real
;
estate, 1875, $3,923,575.
The population In 1370 was 79.601
by State ce"sns, 101,083. The vatne of
is
waterworks $1.589,688, against a debt of $1,100.000.
The water works bonds are issued on a pledge
of the city credit, and $75,000 per year colAv
lected in taxes to pay interest on them.
Detroit, Midi.
:
in 1874,
sessed
valuation, 1875, real estate, $20,225,875;
persona], $7,448,755-totl, $27.774,630; true value
Tax rate, $3 92 P.T
estimated at $92,582,100.
$100.
Elizabeth, N. J Total debt of the city of Eltaabeth August 1, 1875, was stated at $5.400,000, as follows: General debt. $950,000: assessment debt.
The sinking fund has to Its credit
$4,450,000.
$900,000. Valuation of real and personal property,
Tax
$32,000,000; assessed valuation, $16,0(0.000.
rate Is $2 66 within the lamp and water district, and
in
1875, 25,000.
$2 18 outside. Population
,
Of which
all
TOKU.
The
are 10 per
ct.
total city debt is $878,000-.
currency except (106,500,
CITY SECURITIES.
x
Subscriber* will coulter a great
by giving Immediate notice of any error discovered In theae Table*.
v ..r
i, (
DESCRIPTION.
>.i
I
Size or
of
i
Bonds.
For explanations see notes on
ft
ret
i.n:in liiu.ds,
Loan bonds,
do
Loan bonds
!
B
do
C
1
.
'
Purchase-money bonds Southern Park
School bonds By Board of School Comm'rs.
I
.
Jersey City
Water loan bonds, mostly coupon
do
do
Improvement bonds
Various.
1872
I
Various.
j
1869
869
1869
i
1
I
!
Sewer bonds
do
!
Elizabeth & P. Railroad
Wharf property
Various:
1852
1854
1857 to '67
1873
1866 to '67
1873
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1871 to '73
1853to'70
186B
1871
18G8
1869
liabilities
Louisville,
Albany St. L. Air Line
Lex.
Change of gauge, Louisv., Cin.
do
do
Bead lied
RR.
I
RR
A
Otty bonds payable by railroads
Memphis, Tenn.
Scuool aud paving bonds
Post bonds
Funding loan, gold.
Endorsement Memphis & Little Rock
Milwaukee
Re-adjustment bond.s
General city bonds
Water bonds, coupon
do
registered
I
Grand Trunk
,
1870to'74l
1871
1871
11871 to '73:
J1851 to '63;
....
Ac.'
:
,
:
1867,
500
'8, '9
1870
1857
RR
I
To Mobile A Northwestern Railroad
New funding bonds
'
1866
1866
1859
1870
1870
1871
1871
1875
RR
City funded debt
500
!
1
!
j
!
!
;
I
I
151,000
409,000
I
,356,000
li
7
6
6
7
7
6
i
6
7
7
7
7
6
1,000
1,000
1,000
1,000
l.OOO
1,000
'
'.
.
Sewer and improvement bonds
Aqueduct Board bonds
!
j
!
Jersey City.
1,
18T5,
1855
1854
1855
1854
1869
3 869
1870
,
;
!
;
:
J.
J.
!
;
:
i;
1
!
I
i
|
.
I
i
i
retired
A
A
A.]
...
A
A
A
A
M. A
J. A
J. A
M. A
J.
J.
J.
J.
6&
396,000
6
A
7
7
A.
J.
J.
J,L'ti5,OOO
229,000
113,000
i
'<
city has been in default for
interest since Jan. 1, 1873, and the amount overdue
Jan. I,18f5, was $471,665. In 1874 tho policy was
adopted of receiving proposals for the sale of past due
coupons, so far as. the funds in hand permitted. The
City Council declared the funding and paving bonds
issued by Mayors Leftwich and Lotlaud 1867-8-9 to
have been issued illegally, but allowed the coupons
to be received, pro rata, according to the amount
realized by the city for the bond*: but a decision
of Tcnn. Supreme Court, December, 1875, was
against the city on this point. Assessed valuation,
Tax rate, $5 per $100. Population In
$32,000,<iOO.
1870, 40,230.
(V. 31, p. 18i>, 570.)
.">
which is $43.545,000; in 1874 it was $35,157,1,00 of
real, and $16,167,8H3 of personal; tax rate, 28#
mills.
Sinki' i? funds are provided for all the bonds.
Old railroad bonds, $200,000, due 1876 and 1877
(with interest about $400,000), have been held valid
against the city. Population by state census. 1875.
17, p. 187, 6*8, 091 .)
'
s ''l
1881 to '93
1873 to 190'-!
1873 to 1900
Nov., 1900
1ST'-'
Julv,
June
1891
Jan. 1, 1901
Jan. 1,1902
Jan. 1, 1902
1
,
1875 to '91
1875 to '86
18H5
July, 1899
of Mobile.
'
Newark, City Treasury.
do
do
do
J.
Memphis, Tenn.~ The
{V.
Sept..
Louisville.
do
do
J.|N. Y., Merchants' N. Bank.
N.jMobile, Mob. Savings Bank
do
do
Orleans.
lS7f, to '93
to '!)]
1878
July 1, 1895
1879 to '93
1876 A 1892
1, 1S9-J
May
1, 1892
3892
Jan. 1, 1875
April 1, 1875
1874 and 1894
<lo
do
do
do
do
do
do
do
do
do
The
1901
1901
Till
July
do
do
Mobile.
Nov., 1.S95
April. 1888, to' 91
Nat. Bank.
do
do
New
AN.
Various
J. A J.
A. A O.
M. A N.
M. A S.'
A J.
!J. A J.
M. A S.
J. A D.!
Various!
J. A D.i
The following tigurcsgive the assessed property valuation for the past six years. For 18BR. $59.425,1174; for 1869, $63.284,091; for 1870, $70,800,712:
fur 1871, $7li,845.!Ht5; for 1872, $77,156,642; for 1873,
$77,225,373. In 1868 the taxation per $100 was $1 98:
iu 1873 it was $2 55 for the Eastern District and
$2 47 for the Western Distriet.
!>-
Feb. 1,1880
July 1, 1901 to'.'!
J.|
A
Assessed value of property, about $79,Heal value, $100,000,0t'0. Rate of taxation
purposes in 1875 is Eastern District,
$2 S7on $100; Western District, $2 33; State tax,
1903
1875,'80,'!>(,nmi
do
do
Mobile, City Treasury.
N.j
do
O.,
J. Newark Mccli.
all city
A
1888
do
do
J.iN.Y., Merchants' N. Bank.
A
A
A
(Kifl.OOO.
101,000.
June. 1901
1888
do
do
.1.
!.I.
,392,400
1
Bank
M.
209,000
130,900
348,000
75,000
1891,''92 A 1903
1 876 to '89
July, is: is
'Feb.1,'75, '6, '7, '8
Mobile,
M.
S.i
Various
1,042,000
1883
1883,'84,'8S A
Oct. 1, 1898
i
J.,
J.!
Various
Various,
Milwaukee. The city cannot issue debt beyond
per cent of its average "assessed value for five years,
i
City Treasurer.
1
500,000
400,000
2,500,000
3,030,000
295,000
702,000
do
Louisville.
A J.i
Memphis.
A J.i N. Y., P. M. Myers A Co.
M. A N.
do
do
J. A J.
Charleston, S. C.
T. A J>. Mihv. and N. Y., A. Goettel.
J. A JJ
do
do
J. A J.
do
do
J. A J.
do
do
6
:t,(>OO,OOO
'
do
J. Louisville,
1,
ls'Hito'97
July 1, 19O3
J.
J.
7
2.H-19.500
,
March
do
Louisville.
Bank of America.
do
J.
do
J.
Various New York and
F.
6
1,890,000
1
1887, '89, 90
A D. N. Y., Bank of America.
Various
do
do
Various Louisville and New York.
A. A O.
do
do
J. A D.
do
do
Various
do
do
M. A S.I N. Y., Bank of America.
45c.
t
;
pow
j
1,000
1,000
1,000
1,000
1,000
1,000
1 ,000
1,000
A
of America.
do
N. Y.,
J.
120,000.
for
Awcssed valuation. Including railroad
$345 585.
property, is $88,4!tfi,885. on which the tax rate is $3 00
per $100 on $68,490,855, and 1 per cent on railroad
property assessed at $1 ,000,000. Population by State
census in 1875 was 116,883, against 85,000 by I". S.
census of 1870. (V. 18, p. 190.)
IttmloAUe. The funded debt, Jan. I, 1874, was
$8253,5.0; issued during the year 1874, $500.000;
by the sinking funds, in all $249,500: total
bonds, Jan. 1, 1875, $8,501,000: railroad loans,
$1,508,000; Heating debt,$405,9W; total debt of city.
is payable out
$!0417,9J!I. Of the $8,504,00(1 there
of the sinking fund $3,981,000; payable by special
of
the
Assets
tax, $4,5.13,000.
sinking fund are
of the sinking fund in 1814
$3,130, GW. The revenue
of
interest
and principal
the
to
payment
applicable
of tins debt was Brom licenses, $227,844 46; from
54
from
taxes,
,567
45; from
$251
;
wharves, $2,371
interest, $05,829 36; total, $557,S12. Population by
in 1860;
was
of
68,088
1870
100,750,
against
cDCtu
Mttrnated upon the basis of 7 to a voter makes
1870
I
The total bonded debt of the city,
was stated at $14,247,500, as follows:
assessment debt, $6,0i,500;
General, $3,558,000
The sinking fund was
water debt, $4,629,000,
|
'70
j'57, '67,
Indivnapolis. The assessment of taxable projierty in 1874 was $67.301, 5i6; taxes for that year,
Total debt
$ili) 020, or a levy of $1 35 per $100.
June 30, 1875, was $1,455,000. The School Board is
a distinct organization from the city, created by a
its own tax,
separate act of the Legislature; levies
which is collected by the City Treasurer. The city
warrants are discounted when sold. The floating
debt of this character, Jan. 1, 187.'), was $200,000,
payable during this year.
\pril
1852
1852
1852
>
do
>
to interest and priuci- >
do
>
)
pal
itilroad debt
do
Railroad debt
do
Ponchartrain Railroad
Waterworks loan of 1869
Seven per cent funding loan of 1 869
do
1870
clo
Jefferson City (debt assumed)
Wharf Improvement bonds
do
do
A
1882
1883
April,
April,
do
Bank
N. Y.,
Various
Various
1
Jfew Orleans
Consolidated debt ) $650,000 applied yearly
do
O.l
[Various
J.
Bank
O. X. Y., Mercantile N.
6
7
,998,000
A
A
7
539,200
232,400
329,000
750,000
349,000
364,500
300,000
.
A.
A.
Various
Various
392,810
242,000
429,000
1,171,000
186,588
lOOAc.
to '90
.1.
(i
389,000
136,000
102,000
533,000
500,000
107,000
350,000
1,508,000
100 Ac.
Jan.
I
899,000
2,199,000
341,000
300,000
'
City Treasury.
1,1889,
A J. N. Y., Winslow, L. A Co.
July 1, 1893
A 3.
do
do
July 1, 1894
& J.
do
do
July 1, 1891
A J.
do
do
July 1, ls;i.~>
!J. & J.
do
do
Jan. 1, 1899
(A. & O.
do
do
Oct. 1, 1878
J. & 3. \S. Y., Merch. Ex. N. Bank.! Jan., 1877 to '95
Various
do
do
1899 to 1913
J. A J.!
do
do
1875 to '76
J. A J.
do
do
July 1, 1913
M. A N.j
do
do
May, 1891
Various
do
do
1892 to '91
J. A J.I
do
do
June 8, 1900
Various
do
do
Various,
IJ. A J.
do
do
July 1,1896
Various
do
do
Various.
J. A J.
do
do
Jan., '98 to 1900
J. A J.!
do
do
July, 1889
J. A J.,
do
do
July 1,1879 A 89
do
do
Various.
Various;
J. A J.
do
do
Various.
J.
J.
J.
!
Newark
Bonds, various city purposes (s. fund of 1869)
War bouds, float iu debt, Ac. (s. fuud of 186 1)
Public school bonds
Clinton Hill bonds, coup. A rest. (s. fd. 3 p. c.)
7
A-
Due.
1
425,000
1
&&
1,000
1,000
1,000
5OO Ac.
6
8 1,OOO
Ac.,
1,000
1,000
10,000
7
7
7
76,000
201,500
600,000
650,000
278,000
:
1,000
1,000
1861
1871
1872
1872
1873
1
i
1867 to '68
Scrip to settle old railroad loans
Mobile
Al.
500
1868 & '73
'54,'62,3,8
A
1
Various.
Various.
bonds
Bonds to Mobile A
Wharf bonds
'
1,000
1,000
Various
l.OOOAe
l.OOO&c
l.OOO Ac!
j
of streets
do
!
When
Principal
ucl )>y
!
Jan.
7-3
7-3
7-3
7-3
7-3
'
1,418,000
3,109,800
900,000
622,000
1,866,000
3,483,000
125,000
921,000
500.HOO
171,050
150,000
400,000
152,000
103,000
249,000
20,000
i
I
Re-constructing street
Public buildings aud institutions
Public school and school nouses
New
5OO
1,000
I
sewerage bonds
improvement and water bonds,
bounty loan.
Greenville street improvement bonds
Iniproveineut certificates (5 year law)
Louisrille, Ky.
For Jeffersonville Railroad stock
Subscription to stock of L. & N. ER
For old
do
,
1852 to '67 1,000
I869to'73 1,000
1870
1,000
1873
1,000
187 1
500 Ac.
:1872to'74 1,000
1870
1,000
6
$145,000
300,000
300,000
300,000
200,000
109,500
100,000
i
!
do
do
do
Water works
do
For Improvement
$.-,00
1,000
1,000
1,000
1,000
!
Improvement bonds
do
do
Morgan street dock
City bonds, coupon
Funded debt bonds
Hudson City bonds
Bergen school loan bonds
When
.,.,*,,
;
:
do
Forty-year bonds
Jail
1869 to '70
1873
1874
1874
1875
1874
1873
:
seriesA
series
outstanding.
Value.
INTEREST.
Where Payable
Whom.
Payable!
Amount
I
par
page of tables
Suit lanapoli
Bonds to rail roads
[December 25, 1875.
1874-'75 and '94
July 15, 1884
Jan. 1, 1899
Man-Ill, 1891
June 1. 1895
1887 to 1897
Dec., 1880
valuation of property in 1875 was
Interest has
$16.563,715: tax rate, 1,
per cent.
been in default since Julv, 1873. A settlement with
bondholders was offered by Commissioners iu New
York, Sept., 1875, viz.: $510 in 6 per cent bond for
$1,000 of the old 8 per cent. The 5 per cent bonds
have a lien on city revenue, and exchange for these
J <"
is
offered at 75 per cent of their face hi the
(V.
Fopulutiuu about 38.000.
per cents.
new
0.
li
i>
302.)
Ncicart. The bonds in the first line in the table
are payable out of the sinking fund of 1669, which
to $355,575; those in second line out of
amounts
sinking fond of 1864, $69*1,474: public school bonds
out of public school fund, $69,243; Clinton Hill
bonds by sale of property: against local improvement bonds the city holds $2,637,276 of assessments
unpaid and a lien on the property. Valuation of
real estate. 1874, $78,574,390; personal, $27,049,320:
all inn-poses, 1875, $1 88 per $100.
Pop
illation iu 1870, 105,059.
tax rate for
New
Orleans.
Interest
was
in default
December,
1874. but coupons then due were paid May 15, 187."i.
In July it was decided to pay half the face of
coupons on sp 'cifled issues, on the strength of the
financial statement then made.
(See V. 21, p. 8ii.)
The total funded debt, Julv, 1875, was $28.002,030:
floating debt, $1,286.870. The assessed valuation or
property is $H8,H7,41:i real estate, and $40.322.1 1:,:.
personal. State tax, 14X mills; city tax, 25 mills;
total tax, Sfty,.
The lease of city wharves Julv.
18:5, is considered by many\to be advantageous.
scheme for settling the debtT>y a bond premium
drawing plan has been started, and first draw UIL'
took place Nov. 3. Population iu 1870, 191,418.
against 138,670 in 1860. (V. 21, p. 64. Sfi. iss. 27S, 51 1.;
A
December 25, 1875.]
4no<-rlber
CITY SECURITIES.
will confer a great favor by giving Immediate notice of
DE8CEIPTION.
xi
any error 4UeoTere
In thcwe Table*.
CITY SECURITIES.
xii
[December 25, 1875.
Subscriber* will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
D
cember 25, 1875.]
RAILROAD STOCKS AND BONDS.
will couter a icreat furor by glvlnK
DESCRIPTION.
xiii
Immediate notice of any error discovered la these Table*.
xiv
RAILROAD STOCKS AND BONDS.
[jJecemb r 25, 1875.
Subscribers will confer a great favor by giving Immediate notice of any error dlscorered In these Table*.
DESCRIPTION.
December 25, 187*.]
RAILROAD STOCKS AND BONDS.
Subscriber* will confer a Kreat ravor by giving Immediate notice of any error dlncorered In th*e Table*.
DESCRIPTION.
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xvi
Mil)rrih.-r
will confer
DESCRIPTION.
[iKcembe: 25, 1875.
a great favor by giving Immediate notice of any error discovered In
tlicae
Tableo.
December
25,
1875.J
RAILROAD STOCKS AND BONDS.
Subscriber* will confer a great lavor bf
DESCRIPTION.
Immediate notice of
ivii
ttny error discovered In these Table*.
RAILBOAD STOCKS AND BONDS.
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Snbftcrlber* will confer a great favor by giving
INSCRIPTION.
[December 25, 1875.
immediate notice of any error discovered these In Table*.
December 25, 1875.]
KAILROAD STOCKS AND BONDS.
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DESCRIPTION.
xiz
,i
In
i
h
i
.,
1,1,
-.
RAILROAD STOCKS AND BONDS
[December 25, 1875.
Subscriber* will confer a great lavor by giving Immediate notice of any error discovered
DESCKIPTION.
lit
llieve
Xnble*.
RAILROAD STOCKS AND BONDS
bcember 25, 1875.]
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DESCRIPTION.
INTKKEST OK DIVIDENDS.
Miles
Date Size, or
Amount Kate
of
For explanation of column headings, Ac., see notes of
Par
per When Where Payable, and by
r.Ji page of tables.
Road. 3onds. Value. Outstanding
Whom.
at Hi'- head of
Cent.
Payable
li
Lake Shore <t Michigan Southern Stock
1181
Guaranteed 10 per cent stock
8U4
Consolidated 1st mortgage, sinking fund, coupon
do
864
do
do
registered
2d mortgage, do. (for *-J.-),OOO,OOO) coup, and reg. Mlil
nc. nun bonds (H. f. itSGOO.OOO per yr.) coup, or reg.
804
,Mi!-iu'ii<r bonds of Oct., 1809, sinking fund
451
1st mortgage, sinking lun.l. M. H. & N. I
451
Jd mortgage, Michigan Southern
62
1st nmrlgage (!(.. M. A: T. Kit.)
95
2d mortgage (C., P. & A. KK.) registered bonds.
:
95
do
3d mortgage
258
Lake shore dividend bonds, April, 1869
102
1st mortgage (C. & Tol. KK.) sinking fund
162
2d mortgage
do
liiitl'alo & Erie, mortgage bonds
88
do
do
88
do
do
88
37
Kalamazoo & White Pigeon
12
Schoolcraf t & Three River
13
Kalamazoo & Schoolcraft
58
Kalamazoo, Allegan & Ur. Rapids
do
do
stock, 6 per ot. guar.
51
Jamestown & Franklin, 1st mortgage
lid mortgage
do
do
51
150
Lake Superior if Miss 1st mort., gold, l.gr.,s.f
income mortgage bonds
22
Lawrence Stock
17
1st mortgage
/,<(/ /T/I
(lale.lAt mort., l.gr. ,s.f., couv
Law.
145
Kansas C. it Santa Fe, 1st mort., guar
33
Southern Kansas, 1st mort., guar
10
15
Lehlyh & Ladmwanna 1st mortgage
Leli itjh Valley Stock, common and pref
202
1st mortgage, coupon and registered
171
2d mortgage, registered
200
(M-m-ral mortgage, gold (for $40,OOO,OOO)
Delano Laud Company bonds, endorsed
LUtle Miittni Stock, common
141
1st mortgage
81
Street connection bonds
Little Koch
Fort Smith New stock
123
1st M., Id gr't (750,000 aesls.fuud (for $3,000,000)
123
Little Ruvk, I'ine liluff
N. O. 1st mortgage
70
Little. tlcliuulkill
Stock
31
1st mortgage, sinking fund
31
it
S.
IF.
Iiul.lat
Ci-niiifoi'dno.
92
mort.,
Luyanxij't,
of
g.
Stock
l,ittj I sin nil
158
1st montage, mainline
94
1
.
1857
1850
1859
1867
isti!)
1855
1866
1862
1860
1868
1,198,000
5,25U,OOO
2,692,000
1867
1867
1808
1,OOO
1,000
SOO&c.
500 Ac.
1872
50
1865
1,000
1,OOO
1,000
186!)
1870
1872
50
1868
1870
1873
1872
1,000
1,000
1,000
1,000
1853
1,000
1,000
50
1S6-1
i
1875
1870
1,000
1,000
50
1857
1870
1,000
100 Ac
50
500
1868
K x eusiou
t
lileu
Cove branch
Newto wu & Flushing
New York & Koekaway
Smitlitown
&
Port Jettersou
Stock
Loiti.frillr, I'tjiciitntiti t
Lexinylon
I'n-iri ivd II per cent stock
Jioucls to State
Kentucky
Louisville loan
Louisville, Cincinnati
do
&
5OO
500
5OO
50
100
(perpetual loan)
65
175
175
31
605
185
Lexington, 1st mort
do
2d do
L. Air-Line 1st mort
do
Louise., X. Alb. t SI.
Louisville < Xoshville
1st
4
10
19
175
...
Stock
mortgage on main stem
1851
1867
1870
1872
1,000
1,000
l.OOO
1,000
1858
1,000
1OO
Louisville loau
Lebanon branch, Louisville loan
Lebanon branch, 1st mortgage
do
extension. Louisville loan
Consolidated 1st mortgage for $8,OOO,OOO
2d mortgage, bonds, gold
1856
Memphis *t Ohio, 1st mort., sterling, guar
Memphis & Clarksville br., 1st mort., sterling
S. W.
1st mort
Louiscille, Poduf-oh
A ityusla
(
1st
mortgage
Lake ahore
1871
1872
1870
1,000
1867
1869
1,000
1 ,000
if;
The annual
Michigan Southern.
1874.
1,1-5
named
1873.
Miles
1,175
Gross earnings.. $17,146,13) $19,41l,5;0
Operut'g exp^es. 11,152,371
13,748,598
Net earnings....
Stock
5,993,759
6,687,910
50,0,10,000
50,0011,000
Total debt
:.u;i5,000
38,373,481
The company's statement
re-
:
11,839,525
5,752,103
50,000,000
32,835,020
first
half
lessees
,
North
Lzwrence. Leased to Pittsburg, Fort Wayne &
Chicago at 40 per cent on gross earnings. Lease
transrerrwi to PennHylvania Company. Gross earnings, 1874, $174,618.
Sinking fund has $10,000 bonds
p.
425.)
<fc
Interest July, 1S73.
168, 28-i, 511; V. 21, p. 137, 591.)
Lehlgh
Jb
New J ersey
Laclutwanna.
(V. 18, p. 297, 504, 527;
as a coal road.
Lehiyh Valley. This company's earnings are
chiefly from anthracite coal. The gross receipts in
year ending Nov. 30. 1&74, were $ii,759,391; net,
M,2(*7,973; in 1873
gross, SB, 110,565; net, *2,N25,?i>5.
general mortgage is to retire the old debt,
and the balance for new expenditures. The company's report gives no details of the construction
The new
account, nor of the cost or value of
ita
7
7
8
8
8
3
7
7
7 g.
10
2>a
7
10
10
8
t
6
7
2
"7"
7
miscellaneous
V.
20, p.
3 11
,
A.
3a
7
A.
8g.
A"
7
6
7
7
7
3
7
8
A.
6
6
A J
A O,
A J
A O,
AD
A J
A J
A J
A J
A O.
Jfew Orleans.
V. 21, p.
I*
3,287,973
24,505.447
16,859,000
Reading.
Interest
535.)
and operated by PhilaDividends, 7 percent.
Logannport, CrawfordsvUle A S. W. o/fnd.Boad
in progress and defaulted in I8T4. The total
liabilities, Sept., 1875, reported at $4,097,000, of
which $82},OUO were receiver's
312,
Long
521, 593;
Island.
No
V.
certificates.
(V. 20,
21, p. 802.)
reports are
made except
to the State. In year 1872-3 gross earnings
$895,716. Change of management April, 1875.
20, p. 383.)
July
1,
1895
April, 19OO
July, 1875
Oct., 1877
Aug., 190O
1873
July, 1898
1890
1893
June, 1869
July, 1873
Louisville.
N. Y.,
Bank of America
do
N. Y.,
J.
do
B. Alexander,
Louisville.
A J N. Y., Drexel, M. A Co
do
do
A O
M. A N.
do
do
Louisville.
M. A N
do
A. A O
A. A O N. Y., Drexel, M. A Co
M. A N
J. A D
London, Baring Bros.
F. A A
do
do
New York.
M. A S
Philadelphia.
Q.-F.
J. A J N.Y.,M.K.Jesup,P.ACo
do
do
J. A J
Various N.Y., M.K.Jesup.P.&Co
A. A O.
do
do
A. A O.
Jani,"i881
1897
1900
Jan..
April,
those
were
(V.
Aug. i',"l873
Jan.
1875-'6
1,
1866 to 1887
1886
Nov., 1880--85
Oct, 15, 1893
April,
Nov.
1,
1898
1883
Dec., 1901
Aug., 1902
Men.
1,
1890
Aug., 1875
ISST
IST'.t
1887 to 1900
1889
1879
Louitritte, Cincinnati <* Lexington. There are
also $60,000 old bonds. Gross earnings in 18TS-3
were $1,212,027; expenses, $976,574; net earning),
$1,01)0.000
$235,452.
peake
at
& Ohio RR.,
The
65.
new
stock was sold to Chesaand $900,000 of old stock
at 50,
after paying dividends
for some years, defaulted on
Receiver took possession in Sep(V. 19, p. 851; V. SO, p. *4J, 383; V.
company,
on preferred stock
interest 1873-4.
1874.
tember,
21, p. 277,
395
)
Mm
Albany * St. Louit Air-Lint.
This road is projected from Louisville to St. Louis,
and has 28 mile s built. The managers hope to go on
few of those out were
if they
can sell bonds
;
sold U> the public.
453; V. 21, p. 86.)
was
p. 86,
Boston.
N. Y., Union Trust Co,
Philadelphia Office.
A.
Little Schiit/lkW. -Leased
A
1,
1,
1,
1,
1,
Cincinnati.
F. 'A"A.
(V. 17. p. 753; V. 20, p. 16,
357,
Louimtlte dt NathvUie. - Annual report for year
ending June 80 1875, in V. 21, p. 369. Gross earnings of main stem and branches, $4,308,952, net,
$1,516,398. General result of operating whole system
and leased lines was a deficit of $34,793, after paring
Nashville & Decatnr is
interest and all charges.
leased,
<6
182
July
f
J.
6
6
7
6
593.)
649, 661;
1,
1,
1,
1,
1,
1,
1,
K-
LUUe KockJc Fort Smith. Foreclosed Dec. 10, 1874.
Re-organized and stock issued for old bonds. The
new mortgage is for construction to Fort Smith.
(V. 19, p. 583, 617, 639; V. SO, p. 62; V. 21, p. 418.)
17, p. 53,
1875
1875
1900
19OO
1903
Dec.
Oct.
1882
1879
Oct.
May, 1885
Nov. 1, 1877
Aug. 1. 1876
Jan. 1, 1SHO
Feb.
Aug.
July
July
Oct.
April
>,>.
do
Q.-F. N. Y., Jones & Schuyler.
Company's Office.
M.'A'N. N.Y.,Bk.of N. America
do
do
M. A N
M. A N.
do
do
do
do
M. A N
do
A. A O.
do
M. A 8,
do
do
J.
J.
J.
J.
J.
4%
assuming interest payment on bonds and 8
percent on stock. (V. 20, p. 427.)
(V.
Dividend.
'
J.
Miami. This company leases the Columbus
Xenia, and both are leased to Pittsburg, Cincinnati & St. Louis, Liiaranteed by Pennsylvania RR.,
Rock, Pine Stuff
When Due
1899
1885
1886
April
1882
July
s.-p'i. 1, 1886
April 1, 1898
Jan. 1, 189O
July, 1887
July, 1887
July, 18HH
Oct. 1. 1875
Jan. 1, 1897
Y., Union Trust Co.
do
do
June 1, 1894
N. Y., Boston A Phila.
Jan., 1899
do
do
Oct., 1902
Oct., 1875
Pittsburg Office.
N. Y., Winslow, L. A Co
Aug., 1895
N. Y., Farm. L. A T. Co
July, 1899
Boston Office,
May, 1890
do
1892
Feb., 1897
Oct. 15, 1875
Philadelphia Office.
Q.-J.
J. A D. Reg. at office, cp.B'kN.A
June, 1898
" Office.
Philadelphia
Sept.. 1910
J. & D.
do
do
1898 A 1923
J. A J.
Philadelphia Office.
Jan., 1892
M.
Cincinnati.
Dec. 10, 1875
J. A N.IN. Y., Bank of America
May. 1883
T.
Little
in default.
M
s;i
Various
6
4
7
Ifcl
~
Princi-
pal,
I
6
&
delphia
Operated by Central of
23,2-22,44(1
10,875,000
1,837,648
Floating debt
* Anthracite.
Little
Galveston. Defaulted
(V. 19, p. 39; V. SO, p. 140,
on
7
7
N.Y.. Union Tnut Co.
do
do
Louisville,
8.825,71)5
Capital stock (pref. and com.)
Lake Superior dk Mississippi. This was leased to
Pacific, but lease vacated. Land grant, 1,632,000 acres. (V. 20, p. 86, 140, 383; V. 21, p. 372, 570.)
M.
Leacenworth, Lawrence
&0
500 Ac
50O
Net earnings
Funded debt
(V!20.
7
7
7
7
7
Investments. The Amboy branch was completed
Jane, 1875, and $2,45i),i!00 L. V. stock (10 per cent
increase of capital) to be issued to stockholders at
par to pay for it. A comparative statement for two
years is as follows
1872-3.
187*4.
17,460,832
Passengers carried one mile.. 16,478.563
*Coal (tons) moved one mile. 2*7,152,611 224,431,4o7
Gross earnings
$6,710,585
$5,759,391
3,884,880
3,471,418
Operating expenses
of 1875, on which tile dividend was passed August,
1875, sliowed surplus over interest of $51,000. The 2d
general mortgage for S2o,OUU,UOO was created to pay
floating debt and bonds of 1882 with $12,000,000 and
balance to be held for improvements. (V. 18, p.
W'.i,
W,
1*), 629; V 19, p. 3154 V. 20, p. 16, 85,
V. SI, p.
140, 451
252, 418.)
;
7
:
1872.
1,136
$17,591,62!)
of earnings for
100
1869
was published in the CHRONICLE, V. 20,
report to June 30,1875, in V. SI, p.
The following shows a summary of the
figures for each of the calendar years
200
200
67-'70 500
451,aud
25:4.
130
if:
port for 1874
p.
1868
83
2d mort., endorsed by Georgia Railroad
itrtitiitwivk
1st mort., State endors
ad mortgage
Equipment bonds
Jfuco/i
475
185
20
77
77
<
Lukens Valley Stock
Mttcon
1,OOO
1,000
1,000
l.OOO
ino:i
isn:i
7
1,OOO,OOO
l.OOO.OOO
1,442,OOO
1,595,OOO
A A.
A A.
A J.
Q.-J.
J. A D.
A. A O.
A. A O.
M. A N.
M. A N.
F. A A.
J. A J.
A. A O.
A. A O.
J. A J.
A. A O.
J. A J.
M. A 8.
A. A O.
J. A J.
J. A J.
J. A J.
J. A J.
A. A O.
J. A J.
J. A D.
A J.
A. A O.
F. A A.
J. A J.
M. A N.
F.
F.
J.
7
7
!>24,OOO
849.0OO
200,000
300,000
2,850,000
4OO.OOO
1OO.OOO
100,000
840,000
6 1O.OOO
460,000
50O.OOO
4,500,000
1,500,000
450,000
345,000
5,OOO,OOO
720,000
160,000
300,000
25,117,000
5,000,000
6,OOO,OOO
8,859,000
1,797,OOO
4,608 ,OOO
1,50O,OOO
525,000
5,000,000
1,900,OOO
750,000
2,646,100
759,500
1,500,000
3,3OO,OOO
1,175,000
175,000
150,000
150,000
250,000
600,000
2,623,483
851,000
74,519
100,000
3,000,000
881,000
1.129,000
8,988,301
113,000
849,000
225,000
88,000
333,000
7,039,000
2,OOO,OOO
3,500,000
2,398,000
3,000,000
600,000
400,000
370,000
2,500,000
1,100,000
150,000
5OO&C.
ISO!)
186!)
5
7
7
7
7
7
3,52i),OOo
186!)
1863
3>a
1,709,000
4,418,000
8,971,000
1,000
1,000
l.OOO
l.OOO
1,000
l.OOO
l.OOO
1,000
1,000
1,000
500 Ac.
l.OOO
1,000
l.OOO
l.OOO
isr>.-.
if-
.,
8100 $49,400,500
100
533.5OO
1870
1870
1873
1872
1809
'fable*.
and
Alabama
liabilities
are assumed.
for the Sooth
(V. SO, p. 16.)
&
North
Louimiilt, Pa'iucah Jt S. W. Formerly Kliza& Paducah, to which Louisville cily
In September. 1874, interest
loaned $2,000,000.
was not paid. Foreclosure in progress. (V. 20. p.
a57, 405; V. 21, p. 823, 395, 489.)
bethtown
Lukem Valley. Leased to
road at $62,500 per annum.
Summit Branch
Rail-
Itacon it Augwta. Leased and operated by the
Georgia Railroad, which guarantees all the bondi
except $100,000 of first mortgage. tV. 2'.p. 167.)
Macon & Bruntwick. This road being in default
was sold June 2, 1875, and bought for the State at
or lease Jan., 18 6. The
$1,000.000 ; offered for sale
Georgia Legislature declared fi auduKnt $60i',000 of
in 1870. (V. 19, p. 351,
leud
bonds
the endorsed
366, 479; V. SO, p. 405. 501, 546, 9TO, S9S, 615.)
RAILROAD STOCKS AND BONDS.
xru
Immediate notice of auy error discovered lu these Table*.
Subscriber* will confer a great favor
DESCBOTTOjr.
r \pliinMt inn of column headings, &c., see
at tlie head of first page of tables.
For
noli;.-.
RR
Par
1870
$1,000
100
$000,000
928,300
if-
Fraiiiti/lnnlat mortgage
clroelHiiillut M., $14,000
Marietta, l'illx/i.
it-
common
p.
1,100,000
196,500
756,800
633,000
1870
72
ill.
1863
1805
100
100
100
1870
500 A-c
100
1871
1869
1870
425,000
741,400
217,300
:so
1869
1,000
50
44
94
109
54
54
1872
1871
1872
1873
1,000
1,000
l.OOO
1,000
tf Little Kocklst mort., 1. gr
2d mortgage
Mich it/an 1'rnfral stock
1st mortgage, convertible, sinking fund
1st mortgage, convertible
onsolidalcd mortgage (for $10,OOO,OOO)
Michigan Central (Air Line mortgage)
Michigan Air Line 1st mort., assumed by M. C
Equipment bonds
JCalamazoo & South Haven, 1st mort., guar
do
2d mort,, guar
do
Grand River Valley, 1st mort., guur
do
do
2dmort.,guar
do
do
stock, guar
Detroit & Bay City 1st mortgage, endorsed.
do
do
mortgage (not guar M.C.)
i
ackson, Lansing & Sagiuaw 1st mort
] g
2d mort., eonv.
do
/r '*
3 STS
do
1st mort. (N. of Win.), eonv.
do Cons. m. on whole Hue (300m.)
S
1st mortgage
JJieh.il/nn Lake Shore
Midland f'arifir 1st mortgage, gold
Northern 1m mortgage
Milmtiikre.
Milmuiikre, /,/,-( X/ioi-erf: Western 1st m.,gold
k ill Haren stock
fi'li u
l/i HI- Hill
>(l
Mineral 1'nint (in's.) 1st mortgage
(
.
131
569
2*4
284
284
103
10
39
39
94.
94
(
if:
if:
Uisaimiippi, Onnrhita <t Jtnt Itierr 1st m., gold
1st mortgage
Miixi*si/>/ii it Ten nesse r
'ousol idated bonds
Tennessee St ate loau
116
116
I
Potter law."
the
1872
1869
1874
1870
1870
1H66
1H69
1872
1865
1SIJH
1S70
236
57
57
126
125
140
32
35
100
(
Missouri, Kansas < Texas stock
Prefi'i-rcd stock (for $7,000,000)
1 st m.. gold, sink, fund, on road and laud (U.P.S.Br)
st mortgage, gold (Tebo. & Neosho)
Consolidated mortgage, gold, on road and land...
Hannibal & Central Missouri, 1st mortgage
Portgayt.
260,000
150,000
6
3
|
8.
7
7
I
g.
I
8
i
1K71
1S69
1*09
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
.70
i',ob'o
1,000
:!,ooo,ooo
50
1868
1870
1856
1S66
l.OOO
1.000
3,969,000
320,000
500,000
600.000
1,254,500
409,444
21,405,000
100
1870
1871
1870
1,000
1,000
l.OOO
1,000
70
mortgage
(V. 41, p. 15.)
3,220,000
350,000
13.504,000
1.100,000
250,000
6
7
g.
g.
i
hands .August,
for 18?3 were
SVMO..WI.44; net aftrninglfor 1873, $737,576.34. The
operating expenses for 1874 were $1,281,1581.25; net
earnings for 1871, $812 3'J9.30; an increase for 1874 of
$7 t 84J :W. Receipts fro n passengers we-e $910,SS1.8!); from freight, $l,028,t>5.41; from all other
The report says that a
<ource, $154.G83.2o.
'eneral stagnation of business materially affected
the ro.id, so that its gross receipts have only
ueuu increased over those of 1873 some $20,000:
but the practice of rigid economy in workint; the
io:iil h:i-< gh en an incre;ise of net earnings over last
year of $7 1, ^22.98. During the year the bonded
<k'ht of the company was reduced by the payment
of the
$474,000
City of Bangor Loan
'
$2ti.OB.77.
Kenuebec Loau
Portland and Kennobec Interest Ponded L'n
S<>::irr^t aud Kcunebec 1st mort., in part.
earnings, $523,150 against $433,51!) net earnings in
1873. This road forms a part of the through route,
and is operated in close connection with the BaltiOhio Railroad, which has made large ad
more
vanccs for recent construction on the "Short Line."
Annual report V. 20, p. 356.
Martuette, lloughton < Ontonayon. This is a consolidation of Marquette
Ontonaeon and HoiiRhton
Ontonagon. Lands amount to 425,001) acres,
Stock, $2,308,600.
chiefly timber'and mineral.
&
Total
.\f
lit*
j
!
l,3'io
I
$722,400
inc.he*ttr
iS:
Formerly operated with
Net earnings
(V. 20, p. sea.
I
Leased and operated
Pen a. Company for net earnings. (V.20. p.4SB )
.!/<
\}f
Lawnnce.
C'oncord Railroad as one line.
1174-5, $101,117.
*/Trf,
Cold water
J:
L.M.
Delawire. This line was leased by
the New Jersey Southern, to form part of the
route.
Lately proceedings looking to forethrough
closure have been startc 1. (V. a), p. 242.)
Memphis <k Charlatan this road was leased to
the Southern Railway Security Co., but in 1874 the
lease was cancelled and Mr. R. T. Wilson, President
of the East Tennessee, Virginia & Georgia, road was
elected President of the Memphis & Charleston,
with a new board of directors. Xo recent report has
Maryland
247,000
3.56.)
:il3,
&
&
1'euobscot and
Thcs." liabilities were met by the sale of consolidated l>o:r's, and by notes payable, increasing liabiliSince the date of '.he TreMurer's
ties onlv $14.332.
iviioi-i $10.700 of the Somerset and Keunebcc bonds
li.ni- b -en paid, which leaves but about $12,000 of
ihese bonds outstanding. (V. 19, p. 190; Vol. 20. p.
1875.
Grass earnings fur the
<t Cincinnati.
year 1874 were $2.094,510: expenses, $1,571,359; net
Marirliu,
The operating expenses
!
1
l
ifc
been obtainable.
(V. 19, p. 424.)
Memphi* <t Little floe*. Interest has bceu in default since November, 1873. (V. 17, p. 330, 649; V.
20, p. 336,615; V. SI, p. 15.)
Michigan Central. The annual report to May 31,
1875, (V. 21, p. IO9.) showed gross earnings or.
main line and branches of S7;102,28fi, and net earnings. $2,0.14,183, or $78 250 less than previous year.
The floating debt June 1, 1875, was $770,015, against
$1,056,452 on the 1st of June, 1874. Lands of '. L.
S. debt is as
&S. are 132,000 acres. The J., L.
snmed by Michigan Central, which also pays $70,000
which
it owns.
per year on the stock, one-third of
&
O.
do
O. Bost., Nat. B'kCom'rce.
D.
do
do
Belfast and Boston.
N,
N. Manchester and Boston.
O.
J. Boston, Bout. Nat.Bank.
A. N. Y., Winslow, L. & Col
S.
S.
&
&
M. &
J. &
J. &
F. &
M. &
M. &
J. &
&
M. &
&
M. &
M. &
J.
J.
.
July, 1898
July, 1901
July, 1891
July is, 1875
April 1, 1883
1895
1876
1890
May
Nov. 1, 1875
1911
Oct.,
July 1, 1889
Aug. 1, 1895
Oct.
1,
June
15,
15,
1866
1866
1, 1891
1, 1891
1, 1896
July 1, 189O
Sept.",
Sept.,
A. Bait., R. Garret & Sons. Aug.
A.
London.
Aug.
N. Bait., R. Garret & Sons. May
do
do
do
do
do
do
J.
do
do
J. Bait., Mereh. Nat. Bank
N.
do
do
D. N. Y., Company's office.
.1.
do
do
A.
do
do
H.
do
do
J.
M.'i'N.
J.
Marietta, PUMii'r'ih ife Clereland. Net earnings
inl->74were $40.717. Defaulted and in receivers
contract for operating was
the Eastern, Mass.. in June, 1873. The
leases several roads. The report of
the year's operations, ending Dec. 31, 1874, showed:
T.-.e'totil earnings for 1873 were $2,088.077.78: total
for 1871. $2,001, (W0.55, showing an increase of
A.
J.
do
do
J.
Portland.
J. Bost., Nat. B'kCom'rce.
J.
Augusta, Me.
1890
N. Bost., Bk. of Commerce
D.
do
do
D.
N.Y., 3d National Bank
N. N. Y., R. T. Wilson & Co.
do
do
do
do
N. N. Y., Swenson, P. & Co.
J.
8.
May
i",'
1896
July, 1875
1900
May 1875
Junel, 1 92
Julyl, 1891
Aug. 1, 18!I2
Sept. 1, 1903
Nov. 1, 1885
Dec. 1, 1889
Jan"..
1,
1, 1880
1, 1885
1873 to '78
May 1, 1890
May
Jan.
A.
A.
Milne Central
Central.
Oct.,
New York and Boston
Jan., 1873
& O.
Boston Office.
Oct. 1, 1882
& O.
do
Oct. 1, 1882
M. & N. N. Y., Farm. L. & T. Co
May 1,1902
J. & J.
do
Jan. 1,1890
do
M. & N.
1890
do
do
8
A. & O.
do
do
April 1,1883
M. & N.
8
do
do
Nov. 1, 189OJ
8
M. & N.
Nov. 1, 1890
do
do
8
J. & J.
do
do
July 1, 18*6
8
M. & S.
do
do
July 1, 1*79)
do
do
22 J. & J.
July, 187.-,
M. & N.
8
do
do
May 1,1 902
19O2
8
M. & N New York and Boston.
8
J. & J N. Y., Farm. L. A- T. Co
July 1, 1885
8
M. & S
do
do
March 1. 1878
M. & N
do
8
do
May 1, 1890
8
do
do
M.& 8
Sept. 1, 1891
8
1889
J. & J N. Y., Winnlow, L. & Co
N. Y.. Turner BroB.
Aug., 1899
* F. & A
J. &.D N. Y., Merchants' N. Bk
Dec., 1901
J. & D
June 1, 1902
& J Philadelphia, P.& R. Co July, 1875
10
& Detroit, 1st Nat. Bank. Jan. 1, 1890
1890
& J
A. & O
April 1,1876
Memphis, Office,
8
8
7
8
8
made with
Main?
York.
'-is.
!
Mann/tfld & Fr<uning?iam.lJe>a&& to Boston,
Clinton & Fit'-hburg, at 25 per cent of gross earnings. Consolidation made June, 1875. (V. 20, p. 615.)
Consolidated as Chicago
coald be negotiated after
New
'
15M.OOO
810,000
1,958.000
880,000
1,100,000
18.000 p. m.
50 &e,
18ti8
7
10
8
1,317.00(1
*72
785
182
100
269
1,000
1,000
1,000
1,000
1 ,300,000
1.000,000
18,738,204
2,179,000
556,000
8,000,000
1.900,000
200,000
600,000
640,000
70,000
1,000,000
500,000
491,200
424,000
1,906,000
1870
1
6
7
i
600,000
100
I
J
1873
1860
1872
.
I
No bonds
1,166,700
6
1,814,142
1 ,293,000
1,000,000
Memphix
&
13
300,000
4
1,125,000
7
750.OOO
8
069,050
8
1,910,000
8
2,000,000
S40.000
8
10
706,000
6
850,000
150,000
5,312,725 3 per y'r.
25
291
Jd mortgage
Income bonds
Sinierior.
6
300,000
100
Charleston stock
Tciincsse loan
1 st
mortgage, convertible
Madifon
6
!
Mi'inp/i is it
&
7*
!
A.
2,00-l.ono
<
2<l
F.
!
;
&
&
&
J. &
J. &
J. &
J. &
A, &
A. &
J. &
M. &
M. &
A. &
J. &
F. &
M. &
M. &
F. &
F. &
M. &
J. &
A.
6
i
,500,000
1,386,000
8.105,600
4,440,100
2,450,000
1 .050,000
2,500.000
3,000,000
:.
1st mort., 1 gr., II. A: O., coup
2d mort., land grant, M., II. <k O., coup
do
do
do
3d mort.,
Mart/land d: Delaware 1st mortgage
2d mortgage
do
2
Augusta.
O. Boat., Nat. B'kCom'rce. April 'i,"l912
A.
do
do
1890 to 1891
O.
do
do
Oct., 19OO
1
50
50
50
Jd mortgage.
do
O.
,000,000
1.600,000
3d mortgage
.
7g. A. &
1
1,000
do
do 2d
1st mortgage, dol lar
1st mortgage, sterling
4th mort gage for $1,000.000
Scioto & Hocking Valley RR., 1st mortgage
Bait. Short Line, stock, 8 p. e. guar by M. C
1st inort., gunr. by M. & C
do
do
Cincinnati A- Baltimore RR., stock
O 1st mort., 1 gr. M. & O., c
Mfininrtlf, H.
Rate per
3,620,120
496,500
IStiS
33
26
90
22
1OO
276
|
100 &c
1872
Sondt PrinciINTEREST OR DIVIDENDS.
pal, when due,
When Where Payable, and by Slocks Last
Ceiif.
Whom.
Dividend.
Payable
Amount
utstandiug
1871
1861
if:
Cincinnati Stock,
Stock, 1st preferred
or
Size,
1860-1
<C
if:
of
19
Extension bonds, 1870, gold
Maine Central loan for $1,100,000
Leeds A- Farmington Railroad loau
Androscoggiu Railroad, Bath City loau
Portland <: Kenneliee, stock
do
1st mort., extended
do
consolidated mortgage
do
do
Somerset & Kenuebec, 2d mortgage
_
Belfast & Moosehead, 1st mortgage
Manchester
Laicrence Stock
M.
1st
L.
mortgage........
Manstltlri, Uolilira/er
Muriel/it
Date
of
39
357
33
357
<
rortgagelnt mort., gold
Jinan- Central Slock.
Maine Central interest scrip
1st mortgage, consolidated
Bonds ($1,100,000 loan) A. &. K.
Mans'ttettt
Miles
Road. Bonds Value.
ilitilinnii
[December 25, 1879.
A-
&
&
&
M. &
J.
J.
F.
M.
&.
do
J
Sept. l,'8lto'93
J. ,N.Y., Clark.Dodge
&
Co.
D.
do
do
A. N. Y., Clark.Dodge&Co.
do
N.
do
N. N.Y..W. A.& A.M. White
Jan., 1889
Dec., 1900
Feb., 1904
May. 1890
The
last dividends on Michigan Central stock
paid were 5 per cent cash, July, 1872, and 4 scrip,
January, 1873. Interest was passed on the Detroit &
Bay City bonds, not guaranteed, Nov., 1875. iV. I'.i.
p. 143; V. 20, p. 101; V. 21, p. 15.)
M'Ctnr/an Lake. Shore. Defaulted 1872. and in
receiver's hands. (V. 18, p. 848, 501; V. 21, p. 11O.)
Midland Pacific. This was one of the roads represented by Messrs. Turner Bros, in New York, of
which Benj. E. Smith was president. Default in inNo recent
terest was made in February, 1875.
information obtained.
M: 'it-ai/Jkee & Northern. This rond defaulted on
interest January, 1875. Circular to bondholders, V.
It is leased to Wisconsin Central anil
20, p. 615.
there is said to be some prospect of resumption.
Milwaukee, Lake Sfiore. <t Wetfern.In 1873 the
net earnings were $7.000; cost of road and equipment, $3.750,000. Sold in foreclosure for $8,509,788,
Dec. 10, 1875. (V. SI, p. 277, 591.)
Mine Hill <t SchuyU'lU Ifami. Leased to Philadelphia & Reading, May 18B4, for 999 years; 8 per
cent dividends on stock.
Mineral Point. Total receipts 18(3. $.128,121; excost of road, &c.,
penses and interest, $130,6.4
;
$1,200,000.
Hirer. Land grant
257.000 acres. Receiver appointed April 17, 1875.
(V. 23, p. 405: V. 21. p. 535.)
iri,,
OuachVa
<t
Red
.
Net earnings fiscal year
Mississippi it Tennessee
30, 1874, $224,695.
This road was build&
Texas.
Missouri, Kansas
ending Sept.
under most favorable auspices and showing good
earnings but succumbed in December, 1?74, and
passed interest. A compromise with bondholders
reported as accepted June, 1S75, (V. 81. p. 137.)
Receiver was appointed, December, 1874. Land
grant is about. 4,565,142 acres. Last report and details of debt in CHBONICI.E. V. 19, p. 29.
(V. 99,
p. 16, 141, 501; V. 81, p. 87, 186, 407, 253, 395.)
ins:
December 20, 1870.]
Subscriber* will confer
DESCRIPTION.
RAILROAD STOCKS AMD BONDS.
great ftevor by giving Immediate notice of any error discovered In Iheoe
xxffl
I
.,
1,1,
-.
UA
'Kl
RAILEOAD STOCKS AND BONDS.
confer a great favor by giving immediate notice of any error discovered in these Tables.
Bonds Friii ciDESCRIPTION.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due'
Amount
For explanation of column headings, &c., see notes of
of
Par
When
Where
and
per
Sate
Payable,
by Stocks Last
at the bead of first page of tablea.
Road. oiids. Value. Outstanding
whom.
Dividend.
Cent.
Payable
Subscriber*
\lll
Central <f Hudson llicei (Continued)
2d mortgage, sinking fund (Hudson River)
Coupon bonds 1871 (not mortgage)
ew innrturio-pJ $80,000,000 T coupon or regis-
New York
Nw mortgage
o,ooo,000
J
840
840
132
tered.
J
<
Harlem Common stock
Preferred stock
Consol. mort,, coup.'or reg. (for $12,000,000) ....
Sinking f uud
1st mortgage
Jf. Y. Hatuatanie <t Northern
N. Y. Kingst. <t Sura. 1st m., g'd ($4,000,000)
N. Y. <t New England (Bost., Hartf. <f Erie) Stock.
1st mortgages, old
New fork, New Haven, < Hartford Stock
Harlem & Portchester, 1st mortgage guaranteed.
N. Y. <t Oswego Midland 1st mortgage, gold
2d mortgage, convertible
2d mortgage, non-convertible
3d mortgage, equipment
1st mortgage, Western extension
Consolidated mortgage
N. Y.,Prou. d Boston (Stoni-ugton) Stock
New York
60
150
common
new
2d mortgage, new
Stock
.
313
138
138
138
26
138
138
138
.
Income convertible bonds, coupon
Income bonds for roads purchased, coupon
Consol. mortgage, gold, s. fund, coup. $ or
138
H
.^Stock
Northern, N.
Northern of New Jersey
1st mortgage, gold, laud grant
550
228
95
95
95
25
95
209
Bonds
Bonds
Bonds
Bonds
Omaha
<t
Orange
<
Land grant gold bonds.
A'ewarkl st mortgage
Northwestern
was leased April, 1873. The following
ion of operations, &c., for four years
is
a compan-
100 &c
100
1870
Cost of road
Gross
Net
Funded
Receipts.
Receipts.
Debt.
1873-4... 31,590,386 13,262,089
1872-3... 39,126,851 11,484,863
1871-2... 25,580,675
9,134.239
1870-1... 21,972,105
8,360,316
(V. 17, p. 16, 251, 594; V. 18, p.
42,
York
SO. p.
39,484,742
27,725.533
16,496,020
15,431,719 60.413,657
583; V. 19, p. 17, 39;
Harlem.
314, 4B3, 615; V. 21, p. 160.)
York
<fc
New
England.
formerly Boston
Re-organization completed, 1875, Gross
(in Mass.), 1874-5, $910,178 ; net, $137,106.
(V. SO, p. 289, 336, 6!4; V. 21, p. 31, 207, 533, 570.)
earnings
New Haven &
Hartford. Net earnings
in 1874-5, $1,812,716, against $1,797,361 in 1873-4.
York,
(V. 20, p. 62; V. 81, p.
York
dk
fault since 1873.
590.)
Oswego Midland.
Interest in de-
Receivers' certificates have been
and the
floating debt, Sept. 30, 1874, was $ti,Deficit on operations, year 1813 -4, $'286,382.
Latest funding plan V. 21, p. 278. (V. 19, p. 62,
248, 351, 640; V. 20. p. 63, 212, 266, 313, 501, 522; V.
374.629.
81, p. 40,64
186.)
40
.
100
100
1862
1868
1868
1871
1873
1874
1,000
1,000
200
1,000
1,000
1,000
50
1,000
1,000
1870
500 &c
1,000
1864
1866
1867
1875
1871
100
500 &c
500 &c
1,000
l",OOO
23,000,000
7,500,000
1.500,000
8,500,000
108,444
249,000
2,500,000
20,000,000
273,000
15,500,000
1,000,000
8,000,000
2,500,000
1,500,000
3,800,000
2,425,000
1,200,000
2,500,000
76,000
100,000
250,000
837,000
3,000,000
1,000,000
380,000
899,350
96,000
820,000
226,500
3,699,500
2,140,500
360,000
1,500,000
1,329,500
5,842,000
1,500,000
1,570,000
1,126,000
202,602
2,599,000
205,000
1,000,000
3,000,000
3,988,000
3,068,400
1,000,000
400.000
30,441,300
2,604,400
400,000
245,000
3,077,000
2,000,000
500,000
468,000
20,000,000
4,030,000
174,000
6,584,000
112,000
3,905,000
160,000
1,616,000
4,959,450
1,500,000
580,000
500,000
1,100,000
6,583,271
33,000
1,000,000
1,450,000
500,000
16,000 p.
546,000
and dividend payments.
terest
464
m
4
New York, Providence <t Batten. Annual report
for fiscal year ending Sept. 1, 1875, showed net earning! $408,541, leaving a surplus of $73,741 above in-
p.
499.
,
.
Q.-J. N. Y., M. Morgan's Sous
& A.
do
do
& J.
do
do
M. & N.
do
do
J. & J.
do
do
M. & 8. Company Shops, N. C.
M. & 8.
do
do
M. & N.
do
do
1875
1878
1876
Jury 1,
1878 & 1881
July 1, 1899
Sept., 1875
Sept., 1875
1877 & 1883
8
8
M.'& N.
M. & 8.
M. & S.
Sept. 1,
Sept. 1,
3
6
J.
Boston.
8.
J. N.Y.,
Grand Ceii. Depot. Jan.
7
7*
7
7
&"j. N.
J.
&
M.
M.
Y., G.
do
do
N.
N.
&
do
do
7
7
21fl
7
J.
6
7
3
3
8
"4
7
3>s
6
6
6
6
4
7
7.30
5
6
7
3
g.
"&"j
& J
& J
J.
J.
J.
J.
J.
J.
& J
A.
8
8
J.
M.
g.
& J.
& J.
& O.
M. & N.
1st
J. & J.
F. & A.
A. & O.
J. & J.
M. & N.
J. & J.
M. & S.
M. & 8.
F. & A.
6
3
7
7
7
7
4
7
6
g.
do
net,
North Pennsylvania.
Gross receipts in year 1873-4,
$1,424,463; net, $594,^17; surplus above interest.
Stock held by Philadelphia city was sold
$233,209.
February, 1875. (V.20, p. 231, 4O3.)
Northern Central. At the meeting of stockholders
Feb. 25, 1875, a board of directors, representing the
Peuu. RR. interest.was elected. Mr. Thomas A. Scott
elected president. The report for 1874 shows
gross earnings of $4,676,500; expenses, $3,383,553; net
earnings, $1,292,9-16. As compared with 1873, gross
earnings decreased $354,865, expenses decreased
$387,881, net earnings increased $33,016. The income account was as follows; total receipts, $1,462,459; which was applied to interest on funded
debt, $ 80,0,10; interest on income bonds, $210.000;
interest, discounts, gold premium, &c., $143,120;
P. Railroad, $52,167; rental Elrental Sham. V.
mira
Williameport Railroad, $165.000; rental ElJefferson
mlra,
Canandaigua Railroad, $25,000;
total expenses, $1,175,287; out of the balance was
of
a
dividend
3% per cent, July 31, $204,466;
paid
b
leaving a balance n t income for 1874 of $82,704,
(Vol. 18, p. 376, 542, 584; V. 19, p. 617; V. 20, p. 867,
336, 3 5 5.)
M.
&
do
do
do
New
York,
Northern New Hampshire. Net income fiscal
year 1874-5 was $193,892. (V. 80, p. 499.)
Northern of New Jersey. Operated by Erie at 35
perr cent of gross earnings, which in 1874 were $295,4.
054.
Dividends of 4 per cent a year have been
paid.
(V. 20, p.
488.)
Northern Pacifa-SoW Aug.
do
do
for $100,000
Office.
do
do
conp. due Nov., '77
Philadelphia, Office.
do
do
do
do
do
do
Philadelphia, Office.
Boston, Office.
do
do
do
do
N. Y., Kountze Bros.
Newark, Office.
N.
1905
1875
1882
Jan. 1, 1898
Jan. 1, 1898
April, 1911
May 1, 1883
Nov. 1, 1905
Jan., 1874
Feb. 1, 1896
Apr. 1, 1882
July 1, 189O
May 1, 1888
Jan. 1, 1876
Sept. 1, 1884
Sept., 1876
Sept., 1877
1895
Jan., 1001
Nov.
Mar.
1,
1,
April.l,
London.
New York,
and pref. stock issued on reorganization to bondholders and floating debt creditors. The certificates
for stock are exchangeable for land at their par
value. (V. 20, p. 86, 141, 290. 313, 405, 429, 477, 522,
571; V. 21, p. 15, 78, 137, 160, 231, 323, 372.)
Norwich < Worcester. Lc'ased February, 1869, to
Erie for 100 years at 10 percent
Boston, Hartford
per annum on cost. Dividends paid of 10 per cent
per annum. Gross receipts in 1874-5, $729,440; net,
$294,997. (V. 21, p. S9O.)
&
Ogdfnsburg & Like Champlain. Leased in March,
1KO, for twenty years to the Vermont Central for interest on bonds, 8 per cent on preferred stock and on
common 6 per cent for three years, 7 for the next
three, and 8 for the next fourteen years.
Ohio <t Mississippi. An abstract of the annual
report to June 30 was given in V. 21, p. 322 and
404, showing
the following:
1312-73.
1873-4.
$3,754,422 $3,478,074
Earnings
2,546,830
Operating expenses. 2,613,313
Net
1,141,109
931,198
1874-75.
$3,204,479
2,340,969
863,510
8)5,472
&c
77i,138
1,038,'.37
The company purchased (he Springfield & Illinois
Southeastern Road March. 1875, for $8,000,000 in
Interest,
bonds secured on the Sp. & I. S. road, and with privilege of funding two years' coupons; of the same
mortgage bonds $i;ooO,000 were reserved, the proceeds to be used for improvements. Since election
of directors Oct. 14, '75, the Bait. & O. interests are
more largely represented in the board. (V. 20, p.
V. Jl, p. 269, 322, 372, 396.)
235, 267, 290, 291, 477, 491
Oil Creek <t Allegheny Biver. Foreclosure pending sale postponed to Dee. 29, 1875. Latest report in
V. 20, p. 1 62. Net earnings in 1874, $284,732 (V.
20, p. 116, 163; V. 21, p. 40, 803.)
;
Old Co!ony. Old Colony <fc Newport and Cape
Total earnings in
April, 1872.
1874-5, $2,223,891? expenses, $1,553,744; net, $774,
388.
(V. 21, p. 533.)
Cod consolidated
Omaha
It, 18TB,
Office.
do
do
was
&
&
July, '75 to '77
_ _iV 12, 1875
Ju'l
Oct. 1, 1875
Jan., '78 to '79
Mar., 189O
Boston, Ottice.
J.
J.
J.
do
do
do
& J
& J
& O
& J.
& S.
1885
1900
1877
1900
1900
1880
Jan. 1, 1922
July 1, 1904
Dec. 1, 1875
In 1874
1878
July, 1900
July 10, 1875
July 1, 1877
July,
April,
Jan.,
July,
July,
April,
New York.
New England Trust Co
A.
7
July3i,"i874
Irredeemable.
Hudson Co. B'k
J. City,
M.'&"8.
A. & O.
7
7.30
6
do
& A. Philadelphia Office,
& J.
do
do
A. & O.
do
do
M. & N.
do
do
M. & N. Baltimore & Philadel.
Annapolis.
Q.-J.
J. & J.
Baltimore.
A. & O.
do
do
J. & J
do
J. & J
A. & O
do
A. & O
Harrisburg.
do
J. & J
London & Baltimore.
J. & J
J. & D
Boston, Office.
4
7
6
7
May,"i875
1899
1899
1
1875
Aug.
Jan. 1 1885
Apr. 1 1877
May 1, 1896
Charleston.
F.
10
7
$416,956;
Oct. 11,
F.
6
$175,441.
&
1,
1,
3,
Opdyke & Co.
5
Full report V. 21,
Gross earnings,
&
&
&
A. &
&
M. A
J. &
Jan.
Jan.
Jan.
1884
1, 1876
1903
July 1, 1894
May 1, 1895
May, 1896
{f
mond &
20,
1891
1903
1903
Gr.
Central
1876
N.Y.,
Depot.
do
do
July 1 1875
do
do
1900
May,
do
do
Jan. 1, 1881
N. Y., St. Nich. Nat. B'k
Oct., 1902
New York.
July 1, 1902
.
ft
June, 1885
April,
do
do
London.
M.
7
7
North Carolina.- Leased September,'1871, to Rich-
V.
D. N.Y., Grand Cen. Depot.
O. N. Y., Union Trust Co.
&
&
Danville Railroad at $260,000 per annum.
In March, 1875, the gauge was changed. Dividends
of 6 per cent, are paid oa stock, of which the State
92,608,603 of North Carolina holds $3,000,000. (Vol. 16, p. 653;
78.014,954 V. 17, p. '155, 218; V. 20, p. 267; V. SO, p. 393.)
63,S. 'it'.
Northeastern, S. C. Annual re ort for 1874-5 in
and
Gross earnings 1873-4,
expenses. $1,719,384; net
$2,856,525; operating
earnings, $1, 137, 141. Leased to New York Central
at 8 percent per annum (payable J. &, J.) oil stock,
and interest on bonds. The Fourth avenue horserailroad and real estate was retained. The extra
dividend April, 1875, was from profits of city line.
New York, Housateiuc & Northern. Foreclosure
pending. (V. 21, p. 349.)
New York, Kingston. & Syracuse. Includes old
Rondout & Oswego. Sold in foreclosure May 2,
1875, fo.r $750,000.
(V. 19, p. 366, 583; V. 20, p. 842,
&E.
1,000
1,000
&
&
&
A.
equipm't.
358, 546.)
&
100
100
$1,894,000
1,950,000
p.
:
issued,
100
1870
.
New
74-'7!
68. '69
393
393
148
393
393
393
<
New
1,000
1,000
1,000
1,000
1,000
66
66
122
122
.
Stock
Equipment bonds
Sinking fund bonds
Ohio Mississippi Stock, common
Preferred stock (cumulative)
Income and funded debt bonds
1st consolidated mort. ($3,517,000 are s. f.)
Consolidated mortgage, sterling
2d consolidated sinking f uud mort gage
Debenture sinking fund bonds (for $1,000,000).
(for $3,000,000
Spring.. Div. (Sp.&Ill. SE.) IstM.
"
Oil Creek < Allegheny Hirer1st mortgage (W. & F. ER.)
1st mortgage (Oil Creek RR.)
1st mortgage (Uu. & Titusville RR.)
Consolidated mortgage
Old Colony Stock
New
500 &c.
500 <fcc.
500 &c
1855
1865
1853
1868
1868
1870
1872
<
Preferred stock
Hartf.
50
21
21
2d mortgage
j
Ogdensburg it Lake Champlain
Nem
1869
1869
82^2
Stock
Worcester Stock
1st mortgage, State loan, siuk'ug fund
V.
100
100
500
50
50
500
500
50
500 &c
1,000
Northern Central Stock
1st mortgage, State (Maryland) loan
2d mortgage, sinking fund, coupon.
3d mortgage, sinking fund, coupon
3d mortgage, Y. & C. RR. (guaranteed by Bait.)..
Consolidated mortgage, gold, coupon
do
do
do
registered
Northern Pacific
1869
500 &c
2d mortgage
General mortgage bonds
mortgage
1,000
1,000
1,000
1,000
58-'60
per cent) exchangeable for 2d mort.
North Pennsylvania
1st mortgage
Chattel mortgage
1868
1866
62
223
223
223
102
102
102
102
58
56
'.
Stock,
100 &c.
100
1st mortgage,
Norwich
1869
1870
1871
1873
Preferred stock
1st
100
334
225
Extension
General mortgage ($1,000,000 authorized)
North Carol ina Stock, common
(8
1,000
500 &c.
500 &c,
1,OOO
1214 1873
62
(S. O.)
1872
1861
1872
1872
1864
86
141
mortgage
Improvement
Northeastern
Pref. stock
1,000
1,000)
1,000 5
50
50
132
1st
Mortgage bonds
1871
1873
1873
1874-6.
<t
Northwestern.
Funding proposition
Defaulted on interest
offered.
December
25, 1875.]
RAILROAD STOCKS AND BONDS.
Subscribers will confer a (real favor by giving Immediate notice ol any error discovered
DESCRIPTION.
XXV
!
the** Tab'e*.
XXVl
RAILROAD STOCKS AND BONDS.
[December 25, 1875.
Subscribers will confer a great favor by giving Immediate notice ot any error discovered in these Tables.
DESCRIPTION.
December
25, 1875.]
RAILROAD STOCKS AND BONDS.
XXVll
Subscriber* will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
xxviii
RAILROAD STOCKS AND BONDS.
ecember 25, 1875.
Subscribers will confer a great favor by giving Immediate notice ot any error dUcoTered In these Tables.
DESCRIPTION.
December
RAILROAD AND CANAL STOCKS AND BONDS.
25, 1875.]
Sobscrlbari will confer u great flavor
giving Immediate notice of any error dUcorered la thee Table*.
Srntr PrlnolINTEREST OR DIVIDENDS.
Date Size, or
ii. When Due.
Amount Rate per When Where
of
Par
Payable, and by 8loek-lMt
Outstanding
Cent.
Bonds. Value.
Whom.
Payable
Dividend.
i.y
DESCRIPTION.
For explanation of column headings, Ac., see not
at the head of flrst page of tables.
Vicksburg <t Meridian 1st scries (rod endorsed)
2d series (blue endorsed)
3d do (black endorsed)
4th do (not endorsed)
Special loan, funding mortgage
Vermont Massachusetts Stock
1st mortgage (sinking fund $7,000 per year)
Convertible bonds
do
(N.J.)
1865
100
100
35
1st mortgage
Stock
&
A
RR
RR
<t Philadelphia
mortgage, new
1871
110
44
160
90
90
90
90
90
90
90
115
57
28
.
unendowed
do
endorsed by Baltimore
2d
do
2d
endorsed by Washington County
3d preferred mortgage, unendowed
3d mortgage, guaranteed by Baltimore
1st mortgage,
.
".
do
for Baltimore City stock
4th
Western North Carolina 1st mortgage (E. Dlv.)
Western Pennsylvania 1st mortgage
1st mortgage, Pittsburg Branch
General mortgage
Williamston dc farooro 1st mortgage
Wilmington, Columbia Augusta- 1st mortgage..
Income bonds
Wilmington <t Heading 1st mortgage
2d mortgage, coupon or registered
Wilmington it Weldon Stock
Sterling bonds
do
do
Sinking fund bonds, gold
Wisconsin Oen<rai 1st mortgage, gold, land grant.
Nashua Stock
Worcester
Bonds ($125,000 are 7 per cent)
. .
"e"
8
8
do
Ac
500 &c
500 Ac
1,000
1,000
1806
1870
600,000
875,000
1,000,000
1,400,000
800,000
1,000,000
1,200,000
350,000
3,200,OOO
600,000
1,250,000
1,560,100
1,456,200
648,700
221,400
749,000
4,618,500
1,789,800
350,000
250,000
400,000
808,305
614,500
500 Ac
1868
1870
100 Ac
100 Ac
100
1871
100
1873
1875
48
48
1st m., guar. (for $700,000)
CANAL.
14
14
GO
60
148
148
148
148
1874
50
1856 Vario's
25
50
1858
;
This road was foreclosed under
a second mortgage and sold November, 1875.
1867
1809
1871
1873
1874
V.
Wtitehuttr <t Philadelphia. Net earnings 1873-4,
Old debts retired by new mortgago,
Welt Jersey. Consolidation of several roads and
branches. Camden to Cape May, Salem & Swedesboro 186 miles.
WiHt Witaoniin,'The company defaulted on interest due January ). 1875, and offered a funding
proposal. The following is from the official statement: Since its organization the company has
Uui'd $4,000,000 gold first mortgage land grant
bonds, of which $3, si. ,500 are outstanding; $640,000
Southern extension bonds, of which $370.000 are
collateral security bjr floating debt creditors,
held
1,880,800
1,997,872
8,229,594
2,000,000
4,375,OOO
1,699,500
1,633,350
8OO,OOO
20,000,000
1,500,000
3,500,000
5,000,000
850,000
5,OOO,000
10,039,900
822,000
5,441,840
2,000,000
4,757,000
3>
A.
A.
7
F.
M-
M.
.
Jan.
Jan.
Jan.
Jan.
(
O
J
O
do
do
do
do
do
do
do
J
J
O
O
A
do
do
do
N.Y., Bull's Head Bank
N.Y., Del., L. A W. HR
do
do
lite
1875
Oot.,
do
do
do
do
1900
A
Bait., R. Garrett
IM'.M)
180O
1880
Oct. 7, 1875
July 1, 1883
July 1, 1879
July 1. 1385
Boston, Office,
J
1800
1880
1,
1,
1,
1,
do
do
Sous Jan."i',"i875
May
1873
1880
1,
Sept. 1,
Bait., R. Garrett A Sons Men. 1, 1882
&N
do
do
May 1, 19O3
A O
do
do
April 1, 1896
J. & J.
Philadelphia, Office.
July 10, 1875
A. <t O
do
do
April 1, 1891
F. A A Caiudcn, N. J., Co's Office Sept. 1, 1874
M. & 8
do
do
Mch., 1883
J. A J
do
do
Jan., 1896
A. A O
do
do
Oct., 1800
J. A J New York and London. Jau. 1, 1880
J. A J, New York, Office of Co.
1902
Q-J.
A. A O NewYork,8outtcrACo.
A. & O
do
do
A. & O
do
do
J. A J. Bait., Citizens' Nat. B'k Jan.
1, 1890
J. A J.
do
do
Jau. 1, 1X1)0
J. & J,
do
do
Jan., 1*1)0
J. & J.
do
do
Jan., 1890
J.
J.
do
do
Jan., 181)0
J. & J.
do
do
Jan., 1890
J. & J.
do
do
Jan., 1902
J. & J.
Jan. 1, 1890
A. & O.
Philadelphia, Office.
April 1, 1893
J. A J.
do
do
Jan. 1, 1896
do
do
M.'A"N. New York, J. M. Pickrell May 1, 1900
J. A D. Bait., Safe Deposit Co.
June, 1900
A.
4
7
t.
4
6
6
7
7
10
8
8
8
6
6
6
6
6
6
6
8
6
6
7
8
7
1:
<fc
f.
A. 'A "o. Phila., DeHavou A Bro.
A. A O.
do
do
A D.
"7"
7
J.
J.
7
:
3>9
6
A7
7
7
A J.
M. A N.
J. A J.
J. A J.
J. A J.
Various
A. A O.
F. A A.
A. 'A "O. Best., Globe Nat. Bank.
3
6
J.
J.
"e"
5
6
4
6
5
7
7
7
7
7
2
D.
A
A
A
M. A
J. A
J. A
A. A
A. A
F.
J.
F.
do
do
Bait., A.
Brown A
J.
I.
405, 445.)
equipment to October 1, 1S74, $4,266,2S1. (V. 80, p.
86,> Annual report for last fiscal year to September
30, 1874, shows gross receipts, $277,792; expenses,
$231,488; not receipts, $46,383. The gross earnings
were $59,407 96 larger than the preceding year.
The financial condition Sept. 30, 1874, wasas follows:
Liabilities Stock subscriptions, $683,842; funded
debt. $3,675,000; material on hand, $1.033; general
revenue, $20,993; sundry suspended debts, $14,217
total liabilities, $4,394,481. Assets Cost of old road
and appurtenances, $J,S88,816; cost of new road,
$1,877,494; sundry individual indebtedness, $3,044;
Union Railroad Company, $2,500; loss on sale of
second preferred bonds, $43.500; equipment account,
$14,904; sinking fund second mortgage city endorsed,
$30,000; balance in bank, $29,320 total assets,
$4.394,491.
Western North Carolina. Sold in foreclosure, June
(V. SO, p. 814, 453; V. 21, p. 40.)
23, 1875, for $885,000.
Pennsylvania. The Pennsylvania RR.
lessee owns $972,650 stock out of the total amount
of $1,023,450, $148,000 of branch bonds, and all of
$1,200,000 general mortgage bonds; net earnings 1873
were $348,968. Coat ofroad, Ac.. $3,730,263.
WiUlanwton dt fartyaq. Road in progress. No
recent financial information,,
A
1894
July, 1886
1870
1890
Sons.
on. Inn.
A. Brown A Sous.
Philadelphia, Office.
A.
do
do
Commerce,
do
do
do
do
do
N. Y., office, 71 B'way.
do
do
J.
A. N. Y., Bk. of
N.
do
J.
J.
O.
O.
CJ-M.
M. .t S.
J.
1,
June, 1873
J. Bait.,
Philadelphia, Office.
do
do
do
do
6
6g.
1902
April
Philadelphia, Office,
SI:
J.'A
"1900
1881
1886
1896
Boston, Office.
July 1, 1901
Jau. 1, 1876
Worcester, Office.
do
do
1881 A 1887
Bost., Globe Nat. Bank. April 1, 1893
do
do
Feb. 1, 1895
6
A
A
Oct.',"
Jan.,
Juno, 1875
London.
do
N. Y., Nat. B'k Republic
3
Western Maryland. This company was largely asby the city of Baltimore, which has also
Cost of road and
bought its overdue coupons.
Western
llriird Nat. B'k
do
do
Qlrard Nat. BTc
Phlla.,
M.
21, p. 396.
3'J8,
J
J
"A"J
J.
Western Alabama. Sold hi foreclosure, April 19,
and bought by Central Ga. and Georgia Rail(V. 20, p.
3 Phlla
& J
A N,
& 8
J.
1875,
sisted
tke Baltimore & Ohio Company.
Western tfe Atlantic This road is owned by State
of Georgia, and leased at $240.000 pur annum.
Lessees nave istusd the income bonds.
7
$2,500,000 seven per cent gold consolidated bonds,
of which $1,471,000 are held as collateral to the floatIng debt. The other debts of the company on Jan.
1. 1875, were as follows: Bills payable, $1,080,921.
There are collaterals belonging to the company held
for these, as follows: Southern extension bonds,
$370,000; consolidated bouds,$l, 471,000; and 200 cars;
other items of debt, $1,886,141.
Earnings, 1874,
$884,980; operating expenses, 697,107; net earnings,
187,812. For fall particulars see V. 20, p. 77, 891, 314 ;
Warren (2f. ./.). Leased to Delaware, Lackawanna
6 Western at 7 per cent on stock tmd bonds. Net
owning* in 1873, (410,186.
Great SouthWashington City. Virginia Midland
<
50
1,000
1,000
1,000
l.OOO
roads.
ern. Gross earnings year ending Sept. 30, 1874,
$978,843; expenses, $577,559; net earnings, $401,884.
The company Issues the consolidated mortgage to
take up the others falling due. Where holders have
not exchanged their bonds remain unpaid, but interest has thus far been paid regularly by assistance of
1,000
1,000
1,000
1,000
1,000
48
(V.
SI, p, 448.1
1,000
100
,
Vicksburg <fe Meridian. Net earnings year endIng March 1, 1875, were $130,089. Coupons are paid
5 per cent cash, balance scrip. Coupons of July,
(V. 20, p. 581
1874, and April, 1815, were passed.
V. 81, p. 807.)
Tb.1*
road
IB leased to
<k
Massachusetts.
Vermont
the Fitchhnrg RR. Co. for 999 years, commencing
interest
on
the
debt and 4
Jan. 1, 1874; they paying
per cent on the stock for the first two years, 5 per
cent the nest two years, and 6 per cent for the remainder of the lease, exclusive or all taxes.
500 Ac
A,
J.
J.
J.
7
300.01 X)
1,000
64
64
181
^-
Wattkitt Valley.
100 Ac
50
500 Ac
&
&
&
&
A
&
&
&
&
&
A
A
J.
J.
J.
7
700.OOO
578,859
1,650,000
1.500.OOO
526,500
821,300
1,100,000
1,359,750
400.OOO
1,000,OOO
1,OOO,OOO
4,000,000
640,000
920,000
750,000
600,000
1,200,000
2OO.OOO
400.0OO
3OO.OOO
500 Ac
188
Stock
Delaware Stock
Chesapeake
1st mortgage (originally $2,800,000)
<t
Ohio Stock
Chesapeake
Marylaiid loan, sinking fund
Guaranteed sterling loan
Bonds having next preference
Delaware Division Stock
1st mortgage
Delaware Jk Hudson Stock
Registered bonds
Registered bonds
Registered bonds
Debentures of 1878
Loan of 1894 ($3,000,000 ep. A $2,000,000 reg.).
Lehlgh Coal <t Navigation Stock
mil conv., coup., gold (assumed L. & W. Coal Co)
1st mortgage, registered
1st mortgage, registered, railroad
Mort. loan, g. ($2,3 10,000 assumed C. RR. of N. J.)
M
1,200.000
654,000
1870
1870
<t
$147,949.
7
100
500 Ac
100 Ao.
200
45
J.
r>n,.|oo
750,00(1
2,692,53!)
.181
<
A.
8
2
6
500 Ao
100
">(><>
186!)
1871
1872
7
217,400
2,860,000
.-,-,0.000
1872
1870
1863
1865
4
<
do
1861
GO
38
63
172
32
.
1,102,700
200,000
150,000
700,000
1,800,000
Preferred stock
West Jersey Stock
Jx>an of 1883, guaranteed by Caiudcn A Amboy
1st mortgage loan
1st
do
consolidated
Wat Wisconsin 1st mort., gold, s. fd., 1. gr., conv.
1st mortgage, gold extension, coupon or rogist'd
Western <t Atln nlic ( Qa) Income Bonds
Western ( Ala.) 1st mortgage (Mont. A W. P.)
Western RR. bonds, before consolidation
3d mort. on consol. road, guar. by Central of Ga.
Western Maryland 1st mort., endorsed Bait. City
& Rochester
1867
1873
1871
336
7
7
7
A,-
1870
1871
1855
1H5H
1800
310
.
A.
interest, O.
M.
1st mortgage, O., A.
Geii. mort., gold, Wash. C., Va. Mid. & at. South'u
Lyuchburg & Danville, 1st mort., guar., coup
Westchester
1871
1855
18
18
18
$717,500
850,000
145.OOO
500
1,000
Funded
.1
100 Ac
HO
<
1
100*0
1871
HO
2d mortgage
at. Southern Stock..
Washington City, Va. MM.
2d mortgage, O. A A. RR
1st and 3d mortgage, O. & A. RR
4th mortgage, O. & A. RR
Bonds
Bonds
Nashua
Ai
1,000
1,000
77
1st mortgage, guaranteed
1st
isdtl
do
Walkill Valley (N.Y.)
Warren
I860 $5OO
140
140
140
140
D.
do
do
do
do
Wilmington Columbia
<ft
Auqutta.
Aug. 4, 1875
July 1, 1878
Aug. 2, 1875
1877
1884
1891
April, 1878
1894
Sept. 4, 1875
leases and operates the
Wilmington
1873-4 net earnings wero $-M6,981.
$300.000. No dividends yet paid.
1894.
1897
1897
This -ompany
Weldon In
The stock is
A
Wilmington * Heading. TUf road was In prodefaulted on second mortgage after crisis
gress^and
of 1873. Default on first
mortgage was made April
1875.
Foreclosure pending. The Berks Co., an exsold oui
out ana
and is
uuiJiiuu, was BOIU
19 now leased to Philadel
tension,
PhlladaN
phla A Reading. (V. SO, p. 358, 383, 528, 547; V. 21.
Wilmington <t Weldon. Leased December 187S
to Wilmington, Columbia
Augusta road at 7 per
cent on stock. Lessee assumes all liabilities.
V.
&
Wisconsin Central.
and
'
This company defaulted July
latest statement and proposition for
funding, Ac., are in V. 81, p. Z45. (VTso, p. 491, 571;
1875.
its
Worcester <* Nashua. Net earnings 1874-5, $178 Guarantees the stock and bond* of Nashua *
Rochester company, leased. (V, i, p. 590.)
330.
CANAL.
Chesapeake
<t
peake City, Md.
ZWawiw.
Delaware, city to Chesa-
(V. 18, p. 583).
ChesapeakeA OAio.-Thia company was assisted by
State of Maryland, and 11 making progress toward*
meeting its past due interest. (V. Si, p. 77-.)
Delaware Oil). Leased to Lehigh C. & N Co . at
on bonds, and 8 per cent * year on stock.
interest
Del. <k Hudson Canal. This Co., which in union*
the largest miners and carriers of coal, leases the Alb
JfcSusq. and Kcnsa. A Sar. Railroads. Also endorses
bonds of Jt. Y, & Canada UR. Annual report for 1874
V, *>, R.
(V. IS, p. 473, 508; V. SO, p. 38i.)
48,
Lfhigb
Octal <t \tti-igtilton.
Gross receipts In 1874
expanses, int. and dividends, $1,7*9,5S'
Kxoesp of receipts, $302,728. The Central R. R. ot
N, 4, jWQmaa (in purchase of equipment), $2,810,000>
$1,932,33.1;
XXX
CANAL AND MISCELLANEOUS STOCKS AND BONDS.
[Dec. 25, 1875.
Subscriber* will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
@FedFRASER