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OF
THE
(Commercial & Financial (Chronicle.
[Entered according to act of Congress, in the year
NEW
1881, by Wm. B. Dana & Co., in the office of the Librarian of Congress, Washington, D. C.l
YORK,
DECEMBER 31, 188J.
should ask themselves
why it has so often been possible in
the past three years to make these huge profits out of
almost nothing. Has it not been mainly from the circum¬
stance that during this whole time the markets have been
#
going up? From July 1, 1879, to the present date there
4
has been an almost continuous “ boom,” and even in the
The Supplement contains a complete exhibit of the Funded Debt of
stock market there have been only two notable periods of
states and Cities, and of the Stocks and Bonds of Railroads and other
Companies.
It is published on the last Saturday of every other depression in prices—the one in November, 1879, and the
month—viz., February, April June, August, October and December.
other in May, 1880.
It is furnished without extra charge to all regular subscribers of
INVESTORS’
SUPPLEMENT
OF THE
jpmmttral (£{jrmude.
“
the Cheonicle.
Single copies are sold at $2 per copy.
B. DANA Sc CO., Publisher*,
WILLIAM
79 cfi 81
William Street.
The consideration of this fact may
be of
assistance
directing purchases hereafter. Granted that we have
been advancing on a great wave of prosperity for two-and
a-half years, from July 1, 1879, to January 1, 1882, and
where does the market stand at present? Has the tide
only just begun to rise ? is it up to the half-tide mark? is
it near the highest point?
Upon the answers made to
these questions, after mature deliberation, must depend in
great measure the operations of those who deal in these
semi-speculative stocks and bonds in which large profits
are always expected.
some
in
INVESTMENTS—NOVEMBER AND DECEMBER.
’
clearly drawn between investment
business and speculative transactions, and one sort invisi¬
bly merges into the.other. In a general sense it may be
said that only those purchases are considered speculative
which are made on margins, and in which the buyer does
not become the actual owner of the stocks or bonds bought
The
in his
lines
are
not
name.
Of late years, however, there has been a
of the semi-speculative sort, which includes
heavy business1
the buying of
low-priced stocks and bonds, watered stocks, repudiated
State bonds, construction company stocks, “ rights ” to
subscribe for various stuff, et id omne genus.
The buyer
RAILROAD BONDS.
Railroad bonds of the
strictly investment sort
are
held
little in price from one six
the other bonds which do not
can take his securities out of the market and lock them up
in his safe, without the fear of being shaken out by any rank quite as high in the market there is more variation
in price, and a tight money market or a flurry in stocks
temporary panic in the market, and so far, there is none of
the danger which attends the ordinary operations on mar¬ often puts down prices 1@5 per cent and furnishes invest¬
very steadily, and vary but
months to another.
Among
ors for cash a good chance to buy.
This has been the
But as to profit, this usually depends entirely on the
case recently, and in December the prices of some of these
future; and the course of the markets which may enable
bonds have been lower than a month or two ago—such
him to sell at higher prices, or
the rapid develop¬
ment of income which will give quick value to the prop¬ bonds, for instance, as Erie 2nd consolidated ; Canada
Southern guaranteed ; Southern Pacific of California;
erty, are the chief elements which every buyer takes into
Galveston Harrisburg & San Antonio firsts; Texas &
consideration in making purchases of this class.
Pacific firsts ; Texas & Pacific consolidated (not Rio
It is unnecessary to refer here to the extraordinary Grande Division); and some others.
One suggestion comes from a broker in investment
profits that have been made since 1878 on the purchase of
such non-dividend paying stocks, defaulted bonds, con¬ bonds, namely, that there are some very fair purchases to
be found among the six or seven per cent bonds of sound
struction company rights, &c.
They have been simply
These
enormous, and it has often been sufficient to use a moderate railroads, maturing within the next few years.
bonds are selling at moderate prices because they mature
capital in this way and reap a fortune in a short time,
without ever touching a stock on margins.. The largest at such early dates, and when the holder receives his
profit brought to the notice of the writer was in the case money he may be able to invest at better rates of interest;
of a railroad in the far West, where the original sub¬ but of that possibility he takes his risk.
In the table given below are brought together most of
scribers received twenty-seven for one—a broker put in
$10,000 for his customer and ultimately Look back the interest-paying bonds sold at the New York Stock
Exchange for which prices could be obtained, and the net
$270,000.
rate of interest yielded per year is given for each bend.
While it is not the province of the Investors’ Supple¬ This table should be clearly understood, and the following
ment to comment at
1. The price given as “ about Decern,
any length upon these uncertain but particulars noted :
often highly profitable hits, it may be well to suggest to ber 21 ex-interest” is the approximate price in the week
capitalists, and all parties with money to invest, that they ending that date, less the interest accrued. 2. The
gin.
.
'
Jt
is made simply on the price given, with¬
regard to the date of maturity. This is believed
to be the best method, as there is some uncertainty in the
published tables showing the profits on bonds having
yield
ger annum
out any
different
periods to
show at all the rate
few years and
3. The column
to maturity, nor do those tables
per cent realized on bonds held for a
run
sold again at
or near
the purchase price.
giving the “loss of principal” shows
merely the loss or gain made as between the purchase
price and the par value, if the bond is held till paid off at
maturity, a gain being designated by a star.
Nave
and
Kate
per
cent.
Description.
Atlantic & Pacific—let mort
Balt. A Ohio— Parkersb. Branch
Burr. C. Rap. A No.—let mort...
Buffalo A Southwest’n—Bonde..
Central Iowa— 1 et mort
Cbes. A O—Bonds (gold) series A
6
6
7
,1800
5
6
Sinking tund bonds
6
7
Sinking fund bonds
7
7
8
7
5
6
7
7
7
5
8
117
1893
118
118
7
1905
1908
1909
1919
1910
1910
7
6
5
6
7
Consol, bonds
7
7
5
5
Gold bonds, coup
Bonds, sinking fund
Ponds, sinking fund
7
Galena & Chic. Ext.—Bonds
7
6
5
Chicago A Milw.—1st mort..
7
Winona & St.Peter— 1st mort
2d mort
C.C.C. & Ind.—1st mort., s’kgfd.
Consol, bonds
Chic. St. P. Min. & 0.—con. mtg.
Chic. St. Paul & Min.—1st m.
St. P. & S. c.— I st mtg. conv.
Chic. & Eastern Ill—let mort...
Columbia A Greenv.—1 st mort..
2d mort
Del. Lack. & Western—Bonds...
7
7
7
7
6
6
6
6
6
6
7
Syra. Bost.A N.Y.—1st mort.
Morris A Essex—let mort...
7
2d mort
7
Bonds
7
1st mort., consol, gold
Del. & Hud. Canal—1st mort
Bonds
1st mort. Exten
Bonds of 1894, coupon
1st mort., Penn. Div., coup.
Albany & Susq.—1st mort...
2d mort
1st consol., guar
Denver A Rio Grande—1st mort.
1st mort. consol
Denv. So. Pk. A Pac.—1st mort.
E. Tenn. Va. & Ga.—1st mort...
Erie—1st mort.. extended
2d mort., extended
7
7
7
7
7
7
7
7
7
7
7
7
7
5
7
1897
1003
1910
1921
1910
1915
1885
1902
1929
1929
1882
1808
1887
1907
1899
1914
1930
1918
1910
1007
1916
192(i
1907
1906
1914
1891
1901
1915
1884
1891
1891
1894
1917
1888
1885
1906
1900
1910
1905
1930
1883
5
let mort. consol.,
7
7
7
1920
1920
1893
1916
6
1069
7
1920
1021
1920
1910
1905
1900
Bonds, consol
Hous. & Tex. C.—1st mtg., Main
1st mort., Western Div
1st mort., Waco A Northw..
2d mort., C. main line
General mort
Cedar Falls & Minn.—1st mort..
Indiana Biooiu. A W.—1 st m» rt.
Indianap. Dec. A Sp.—1st mort.
Int. A Gr. North.—1st mort
Bonds
Lake Shore & Midi. Southern—
Mich. So. & No. Ind. sink. fd.
Cleveland A. Toledo bonds...
Cleve. Painesv. A Ash. bonds
Buffalo A Erie bonds
6
6
7
7
8
1885
6
7
7
1911
1891
7
8
1903
1912
1921
ioo-;
19(0
190c
1919
0
7
7
6
6
6
7
7
7
7
128
122
137
114
121
122
105
112
112
115
127
114
105
124
110
100
107
106
111
123
7
6
104
104
93
1885
1885
1802
189?
3d mort
4th mort., extended
Buffalo N.Y. A Erie 1 st mort.
N.Y.L.Erie A W.2d mort.oon.
1st mort., consol, fund. coup.
Evansv. A T. H.—1st mort. con.
Flint A Pere Marquette—Bonds.
Galv. Har. A San An.—1st mort.
2d mort
Gulf Col. A Santa Fe—1st mort.
Han. & St. Jo.—Convert, bonds.
108
108
1909
1897
1019
Long Dock bonds
123
119
119
104
94
103
113
106
96
93
130
106
123
103
101
100
123
105
119
124
122
99
102
84
125
305
104
106
127
116
122
100
126
100
113
104
111
106
105
110
110
107
112
120
97
115
121
104
3 06
105
5
gold
128
1002
0
'
111
116
117
103
7
7
7
7
Bonds, Chic. & Pac. Div
1st mort., Cliic. & Pac. W...
Bonds, Mineral Point Div.
Chic. & Northwest era—1st mort.
118
103
118
5
7
.
99
109
113
99
1898
Keokuk ADes Mo.—1st mort.
Central RR. of N. J.—1st mort..
1 et mort. consol
Convertible bonds
..
98
113
73]0 1808
4
Am. Dock A Im. Co. bonds
Milw. A St. Paul—1st mort
2d mort
1st mort., gold
1st mort., L. & C
let mort., I. & M
let mort., C. & M
Consol, mort
let mort., I. & D. Exten
let mort. Southw. Division.
1st mort., La. C. A Dav
let mort., So. Min. Div
1st mort, H. A D. Div
1008
1803
188:
1003
1900
1894
1883
1903
lOOl
1919
1917
1020
1800
1890
1002
1903
1921
1891
Yield
per
Dec 21
annum
Ex-int.
108
86
125
104
116
113
112
106
100
133
Iowa Division bonds
Chic. R. I. A Pac.—Bonds, coup.
Adjustment bonds
||
near
6
7
Louis’a A Mo.Riv.—1st mort.
St. L. Jack. A C.—1st mort..
Chic. Burl. A Quincy—1st mort.
Consol, mortgage
Price
1910
1910
1000
1908
Chicago A Alton— 1st mort
Income Ponds
©.tS
6-12
5 30
505
5*50
6T9
6 06
5-93
6 79
5*40
603
5*98
7-76
5’47
4-62
4*65
4-80
4-80
603
619
6*25
6-60
5601
6T8
5-98
5-93
5-93
5-69
5-88
5-88
5-76
5*31
5*82
6*19
5*66
5-20
5-37
5-38
6 60
5*69
5-55
4-95
75 69
6*66
5-88
5-65
5-73
606
5-55
Loss
cc O
principal.
1*
1*
18
3
11
16
17
3
28
8
38
14*
25
4
16
13
12
6
36
42
9
18
21
22
40
17
17
21
12
16
22
24
27
28
38
29
29
29
40
29
34
4
21
33
18
17
18
18
23
19
19
4
6*
3
13
6
4*
7*
30
6
23
.8
1
....
1
17
23
5
19
24
22
1*
8
6
26
.
18
5-55
8
5-76
4
4
5-76
6*45
7* '
5-47
28
5*73
22
511
37
614 3 14
21
5*78
22
5-73
5
6-66
6 25
12
6-25
12
15
608
5*51
27
14
6*14
5
6*66
24
5*65
10
6*36
7*00
2
6*86
16*
5*85
25
5*60
5
4*76
4
6*72
6
4*71
27
5*51
16
6*03
22
5*73
33
49
37
38
26
35
*
45
26
25
33
10
20
34
3
,
5*30
13
4
11
6
5
10
10
7
12
20
3*
15
21
4
6
5
5 76
6-30
6 60
7*61
5*45
6*36
654
6*25
6*66
6 18
608
5*7 8
5*76
5*66
5*71
6*54
6*60
6*30
5*69
10
10
13
36
7
4
»
*
-
19
29
24
49
16
38
2
39
39
12
25
88
26
...
7
6
11
23
Lake Shore & Mich. Southern—
1st consol, mort.. coup..„..
2d consol, mort., coup*.
Louisville A Nashville—Bonds..
2d mort
Cecilian Branch bonds
1st mort., N. Orl’us A Mobile
1st mort. E. H. A Nashv..
General mortgage
1st mort.. St. Louis Div
2d mort. St. Louis Div
Nashv. A Dec. 1st mort
Lebanon A Knoxv. bonds...
Lake Erie A Western—1st mort.
Lafayette Bl. A Mun.—1st mort.
Louisv. N. A. A Chic.—1st mort.
Manhat. Beach Imp. Co.—Bonds
Metropol. Elevated— 1st mort...
*
1st mort
29
38
25
27
18
27
12
2
22
19
13
2
22
20
9
13
5*55
600
cent
Mir.}ii<'fin f!p,nt,rftl—TCnrwTft
&
><
2*
13
6*
per
2d mort
on
3»
40
39
29
24
28
4
30
10
10
22
31
40
26
19
25
38
28
4
4
11
17
KM Daotef
Rate
Name and Description.
Jackson Lansing A Saginaw
Milw. L. Sh. A West.— 1st mort.
Mo. Kan. A Tex.—Consol.mort..
General mortgage
Mobile A Ohio—New mort.bonds
Nashv. Chat. A St. L.—1st mort.
N. Y. Central A Hudson—Bonds.
Bonds
Bonds, 1st mort. coup
Can. South.—1st mort. guar.
Harlem—1st mort. coup
N.Y. Elevated—1st mort
N. Y. Penn. A Ohio- Bonds
N. Y. City A Northern—bonds..
N. Y. A New England—1st mort
l.st mort
7
7
7
7
7
6
6
6
6
3
7
6
6
6
6
7
6
6
7
8
Central Pacific.—1st rnnrt
San Joaquin bonds.
Cal. A Oregon 1st mort
Land Grant bonds
Western Pacific bonds
South. Pac. of Cal.—1st mort..
Union Pacific—1st mort
Land Grant bonds
.
Sinking Fund
Col. Trust bonds
Kansas Pacific—1st mort
Denver Division—bonds...
1st mort. Consol
Cent. B’eli U. Pac.—1st mort..
Atch. Col. A Pacific—1stm..
Utah Southern—Bonds
Extension—1st mort
Missouri Pac.—1st Con. mort
3rd mort...^
Pacific R. of M.—1st mort...
2nd mort
St. Louis A S. Fran. Equip, bds
South. Pac. R. Mo.—1st mort
Tex. A Pac. Railw’y—1st mort
..
Bonds
Rio Grande Div.—1st mort..
Pennsylvania Railroad—
Penn. Co’s 1st mort. registered
Pittsburg F. W. A C.—1st mort
2nd mort
3rd mort
Cleveland A Pittsburg—Bonds
4th mort
Rochester A Pittsburg—1st mort
Richmond A Alleg’y—1st mort.
Richmond A Danville—Bonds
Scioto Valley—1st mort
St. Louis A 1. Mount.—1st mort.
2nd mort
Arkansas Branch—1st mort.
Cairo A Fulton—1st mort...
Cairo Ark. A T.—1st mort...
Gen. con. R’y A 1. g. bonds..
St. L. Alton A T. H.—1st mort.
2nd mort
St. Paul A Manitoba—1st mort.
2nd mort
Dak ota Extension—bonds..
St. Paul A Duluth—1st mort
Texas Central -1st mort
Tol. Del’s. A Bur.—1st mort
Wabash St. L A Pac. —Gen. mort
..
Chicago Division—bonds
Tol. P. A Western—1st mort.
Iowa Division bonds
Wabash Railway, mort. b’ds
Toledo iv Wabash, 1st mort.
St. Louis Div., 1st mort...
2nd mort. Extension
Cons, convertible bonds...
Great Western—1st mort
2nd mort
St. L. K. A N.-R E.A R.b’ds.
Omaha Division—1st mort
St. Charles Bridge—1st m.
North Missouri—1st mort.
Western Union—Bonds coupon..
Oregon Railway A Navigation..
On tret list.
Cin. Tnd’s St. L. A (’hie.—Bonds.
Colorado Coal. A Iron—1st con
Des Moines A Ft. D’ge—1st mort
East leun. Va. A Ga.—1st mort.
Graud Rap. A Ind.—1st mort...
Long Island R R.—1st mort
1 ^ ens. A Char. 1st con. Tenu.L’n
1 Pittsb. Cin. A St. Louis—Bonds.
19Q<)
190i
189£
1881907
193C>
191S
193C
1921
198(
190C
1931
1919
1919
1910
1909
1908
1899
Dec.21
Ex int
130
124
119
101
109
100
99
102
104
54
114
99
105
102
100
l Jol
98
6
6
1891
1921
1920
1911
1920
1913
1883
1887
1903
1908
1900
1900
1895
191 (
1905
1905
1921
1920
1931
1898
1920
1921
107
‘100
106
6
6
7
6
6
7
5
7
7
6
6
7
6
6
6
7
6
6
6
6
6
6
6
6
6
6
6
6
7
8
6
6
6
6
6
6
7
7
6
7
6
7
7
6
6
6
6
7
7
7
7
6
6
7
6
7
7
7
7
7
7
5
7
7
7
6
6
5
7
6
6
5
7
6
7
7
7
7
7
7
7
7
7
6
7
7
6
6
6
6
7
7
7
7
7
1912
1912
1912
1900
1892
1921
1920
1915
1910
1892
1897
1895
1891
1897
1931
1894
1894
1909
1909
1910
1931
1909
1910
1920
1910
1907
1922
1909
1890
1889
1893
1907
1888
1893
1895
L919
L90’*
895
L900
L909
1920
1900
1899
1898
1915
1900
2
4
46*
14
1*
5
2
5-88
8*
1*
10*
22
1
2*
7
5*73
7*92
5*10
5*60
6*00
6*60
7*31
5*45
...
35
6*03
6*00
7*22
5*93
5*60
6*('0
6*59
5*88
5*98
6*25
G 59
5*66
5 82
5*94
16
iio
110
108
103
100
96
107
97
101
109
106
111
100
104
104
101
86
94
138
133
128
128
109
39
102
101
104
115
108
109
109
108
85
112
107
109
106
104
98
105
8L
88
84
114
92
105
110
105
107
105
li 6
105
107
113
101
121
117
106
102
87
102
113
108
114
112
120
608
....
17*
18
7
•
47
3*
1
9
6
11
....
4
4
1
14*
5*07
5*26
5*47
5*47
5*50
606
6*86
5*94
6*72
6*08
6*48
6*42
6*42
6*48
5*88
6*25
6*54
6*42
5 66
5*76
510
6*66
7*40
6 81
5*95
5*94
5*78
5 98
5*66
5*88
6*89
5*88
6*19
6-48
6*14
6*25
5 83
39
SO
39
34
a
6
12
27
19
25
14
29
24
24
40
39
50
17
7
9
18
24-25
15-18
68
12
27
14
15
18
38
14
24
28
28
39
25
7
10
14
7
24
24
49
6*
38
33
28
28
40
9
1*
2
1
4
11
15
8
9
9
8
15*
12
7
9
6
4
2*
5
19*
*
10
40
14-17.
19
....
4*78
i
50
13
8
8
7*
5*76
5*76
5*94
6*97
28
27
18
21
1
3
,
29
39
40
29
39
39
4
9
2
15
12
20
8
10
10
5*45
5*45
5*55
5*82
600
6*52
6*66
636
6*66
6*54
6*66
6(0
6 66
6*54
6*19
•
3
6*66
5*55
614
-
9*1
2
17
4*.
9*
6
5*30
5*55
600
5*76
5*50
588
5*21
6*25
6*25
6*54
7*21
5*94
6*42
5*66
6*30
•
26
49
38
49
40
99
19
50
38
8ft
6*00
5*18
108 ‘
100
104
109
102
115
112
120
108
4*2 1921
i’*
116
100
1900
1895
1888
1905
1905
1930
4
‘97
106
134
1898
1888
1891
n
135
102
113
1890
1899
1905
’96-9
’87-9
1893
1908
1895
189(1
1**99
1919
1895
1905
1909
1909
1920
1906
6*93
6*42
6*00
6*06
5*88
5*76
5*55
6*14
6*06
5*71
19
22
17
5*88
5*66
5*22
5*15
82
110
115
1920
1920
1888
prin¬
30
24
L9
J
9
5*88
9 Q
cipal.
6
1810
15
2
6
34
3*
83
118
107
100
91
102
117
96
91
106
103
101
191 <
5*38
565
( *66
O
7
annum.
90
1 OO
on
per
7*60
606
101
Loss
Yield
92
99
1 009
6
1st mort
maturiy
near
1882
6
North Pacific—1st mort. coup..
New Orleans Pacific—1st mort..
Norfolk A Western—Bonds
Ohio A Mississippi—Consol mtg.
Ohio Central—1st mort
Ohio Southern—1st mort
Panama—Bonds
Peoria Dec. A Evans.—1st mort.
Evansville Divis.—1st mort.
Pacific Railroads—
•
Price
12*
16*
14
8*
5
10
5
7
5
6
5
7
13
1
21
17
6
2
13*
2
13
,8
14
12
20
31
31
31
19
40
39
34
29
11
16
14
10
16
50
13
12
28
28
29
50
28
29
39
29
26
41
28
9
8
12.
26
7
12
14
38
27
14
19
28
39
•
•
.
.
19
18
17
34
19
f DeCembeb,
INVESTORS’ SUPPLEMENT.
1881.1
improvement, and be included in the cost of property.
can be argued, and this is certainly the more
Regular dividends on stocks, fairly earned for a series
explanation, that the surplus was real and was with¬
of years, form the best test of an investment stock.
Scrip likely
held from stockholders because it was thought it could be
dividends may^push up prices to high figures; and after
more profitably employed in making improvements to the
the managers of a company have obtained a great part of
During the years of depression succeeding the
the stock in their own hands, these dividends may be the property.
best way for them to realize a handsome profit from the panic, when earnings, were constantly declining, no com¬
public; but they are exceptional and out of the regular pany could feel certain what another year would bring
channel of corporate proceedings. The great evil of stock forth, or when the lowest ebb in the movement would be
dividends consists in the fact that they are usually made at reached. It was the policy of prudence to hold back part
of the net earnings as a sort of working capital with
one time, of large percentage, to represent what is called
the accumulated profits of many years.
Thus, in the which to carry on the necessary work of improvement, but
"Western Union case, the managers stated in their in ordinary times it is unnecessary to take any such pre¬
pleadings before the court that the stock dividend repre¬ caution ; but these were extraordinary times. Perhaps
sented profits which had been accumulating ever since money might have been borrowed with which to carry
1866, and really belonged to the stockholders of each forward the work, but if so, it would have been at
the high rates of interest current, and perhaps even
year in which they had so accumulated. • The Baltimore
& Ohio road, when passing its cash dividends a year or two then the security would have failed to command full
since, declared still in stock, and this was the fairer plan, par value.
Dividends have not yet reached the point attained
as the money having been used on the property the stock,
holders of each particular year received an equivalent for prior to the panic. At that time 10 per cent was quite
the cash so appropriated.
But, on the other hand, the common—the rule, it might almost be said ; now it is the
same company carries forward from year to year a larger exception.
Then pretty nearly all the prominent roads
the
in
nominal surplus than any company in the country, and
country, including the Pennsylvania, New York
Central
this surplus, it is popularly supposed, is to form the basis
(10 in 1875), Baltimore & Ohio, Boston & Albany,
for a large stock dividend hereafter.
It is useless and Michigan Central, Chicago & Alton common and pre¬
senseless to make a tirade against the officers of railroads ferred, Illinois Central, Delaware Lackawanna & Western,
or other
companies who gain possession of a majority Delaware & Hudson, Central of New Jersey, Philadelphia
of the stock and then declare
large scrip dividends. & Reading, Lehigh Valley, Boston & Maine, Boston &
So long as the thing is legal, and open for all Providence, paid that rate ; now all the leading roads that
parties to undertake, it merely becomes a question of pay that rate can almost be counted on the fingers of one
How can we account for the decline ? Except in
financial ability, and hundreds of those who are loudest in hand.
their censure would willingly do the same thing if they special instances, the smaller percentage paid of late years
could. If there is, in fact, any evil in the practice of on stocks of leading roads may be attributed in great part
making those stock distributions, it should be remedied by to the large falling off in transportation rates. It is well
law; and the subject is one which invites the most careful known that on the trunk lines the volume of traffic kept
study from our intelligent legislators, that the rights of increasing even in the dullest of times. But such was the
stockholders may be guarded, and the enterprise of capi¬ decline in rates that receipts diminished, notwithstanding
the increased traffic.
Of course not a few roads suffered
talists may not be too severely checked.
The coal roads
In an extended article on dividends, published in the from both lower rates and smaller traffic.
Supplement of February, 1881, the following comments suffered mainly from the decline in the price of coal.
Some of the Eastern roads lost heavily, as indeed did most
were made, which are quite pertinent to the present topic.
“An examination of the annual reports of some promi¬ other roads, though in a much smaller degree, - by the
nent companies for late years discloses the fact that, diminution in tha movement of passengers.”
over and above the dividends paid, there remained a sur¬
Departing from the discussion of dividends theoretiplus, varying in amount in different years, which was cally, and returning to the field of hard facts and cumu¬
carried to the credit of profit and loss account. Especially lative information, the Investors’ Supplement presents to
is this so in the case of many Western roads having large its readers in the patient and laborious compilation below,
amounts of newly-constructed mileage
on their hands. a statement of the railroad dividends in cash or stock
The subject is chiefly important in that such surplus may declared in the past six years. 14 This includes the steam
possibly be made the basis of future stock dividends. roads, and not horse railroads in cities, and embraces
There are two opinions possible as to the character of this only those stocks which have a market at one of the
surplus. It might be held that as it was all absorbed in Stock Exchanges in New York, Boston or Philadelphia.
one
way or another, it represents operating expenses not Stocks of companies merged into or consolidated with
charged as such. In that case any stock dividend based other companies, and having now no separate existence,
on the fictitious surplus .would be' wholly wrong.
It is are not included. It should be said that dividends actually
known, however, that many roads charge to expense ac¬ paid form the basis of a year’s total. Those declared in
count items that could with propriety be called a perma¬ one year and paid in another appear in the latter^year.
dividends cn railroad stocks.
nent
Hence it
“
ON
DIVIDENDS
Name of
RAILROAD
Company.
STOCKS—NEW
Dividend Periods.
1876.
YORK,
BOSTON AND PHILADELPHIA.
1877.
NEW YORK.
Albany & Susquehanna (leased)
...
Belleville & Southern Illinois, pref.
Boston & New York Air Line, pref.
Canada Southern
Central of New Jersey
Central Pacific
Chicago & Alton
Do
pref
Chicago & Northwestern
do
a
From full
Jan.
and July.
April and
Oct.
and Aug.
Ouarterly- -Jan.
Feb. and Aug.
Mar. and Sept.
Mar. and Sept.
65
100
7
7
68100
62100
year’s earnings for 18SO.
1879.
7
105
1880.
7
41*
Dec.
Quarterly- -Mar.
1881.
7
o
2i* (a)
Feb.
6
8
7i*
7*2
June and
pref.
1878.
31*
7
7
5
7
6
7
5
7
6i«
7
6
7
6
8
8
6
7
INVESTORS’
IT
DIVIDENDS ON
Name of
Dividend Periods.
Company.
Georgia
Hannibal A St. Joseph, pref
Harlem, com. (leased), includ’g 4th Av. KR..
pref.
-
do
do
Illinois Central
Joliet & Chicago (leased)
Keokuk A Des Moines, pref. (leased)
Lake 81iore A Michigan Southern
1876.
April and Oct.
April and Oct.
Quarterly—Mar.
3*2
10*^
1880.
2*a
7
7
8
8
7
7
7
7
Quarterly—Mar.
7
3
6
2
2*2
3%
Quarterly—Mar.
9
Quarterly—Jan.
7*2
Quarterly— Jan.
Quarterly— Jan.
Quarterly—Mar.
Feb. and Aug.
April and
April and
Jan.
Feb.
Jan.
Jan.
Mar.
Jan.
and
and
and
and
and
and
3
-
July.
9*4 (O
8*a (d)
3*2
5*2
4
6*2
3
6
7
6*2
7
7
3
7
6*2
6
3
8 & 2
8 A 2
4
7
8 & 3
8 & 3
6
7
8 & 3
8 & 3
6
7
2
3
5*2
3
4
2
3*2
3
S & 3
8 & 3
6
Aug.
8 <fe 2
8 & 2
8
7
July.
July.
Sept.
July.
(«>
1*2
6
3
7
8
Oct.
Oct.
Quarterly—Mar.
(6,
188L
•
9
8
Feb.
(leased)
Nashville Chattanooga A St. Louis
New London Northern (leased)
and
3^4
!
-
1*2
Aug.
7
York City Elevated (leased)
York New Haven A Hartford
York Providence A Boston (Stonington)
Oregon Railway A Navigation Co
Oswego A Syracuse (leased)
Quarterly- -Jan.
Quarterly- -Jan.
Jau.
and
Quarterly- Fob.
Quarterly- -Jan.
Quarterly- ■Jan.
Jau.
and
July.
May aud
April and
Nov.
Oct.
Feb.
Aug.
.
2*2
6
8
7
7
8
8
8
8
9
9
■
Pittsburg Ft. Wayne A Chic., guar, (leased)..
do
Do
special (leased)
Rensselaer A Saratoga (leased)
1*2
6 34
8
7
10&6
Aug.
7
7
10
July.
-
7
9
12
7
8
Quaiterly- Feb.
Quarterly- -Feb.
Feb.
Panama
and
10
10
10
10
9
12
7
Waneu (leased)
BOSTON.
Atchison Topeka A Santa Fe
Boston A Albany
Boston A I.owell
Boston A Maine
Boston A Providence
Boston Revere Beach A Lynn
Boston Clinton Fitchburg A N. B.. pf. (leased)
Boston Concord A Montreal, pref.
Cedar Rapids A Missouri (leased)
Do
do
pref. (leased)
Cheshire, pref
Chicago Iowa A Nebraska (leased)
Chicago A West Michigan
Cincinnati Sandusky A Cleveland, pref
Concord
Connecticut River
Connecticut A Passuinpsio
Detroit Lansing A Northern
pref
Fitchburg
Flint A Pere Marquette, pref
Iowa Falls A Sioux City (leased)
Iowa Railroad Land Co
Kansas City Fort Scott A Gulf, pref
Little Rock A Fort Smith
Lowell A Andover (leased)
7
2
7
10
8
6
8
8
5*2
8
6
8
6
7
7
7
7
7
9
8
6
8
5
6
8
4
6
6
3
8
2
6
8*2
Quarterly- Jan.
Jan. aud July.
May and Nov.
May aud Nov.
Jan. and July.
April and Oct.
May and Nov.
Quarterly- -Feb.
6
6
4
4
7
10
7
1
10
6
10
8
6
10
8
and
4*2
Quarterly— Jan.
Quarterly— Feb.
April and Oet.
Quarterly-
-
Feb.
-
Feb.
Jan.
Jan.
and Aug.
and July.
and July.
May
May
and
and
8
Jan. and July.
Feb. and Aug.
Feb. and Aug.
Feb. and Aug.
June aud
Dec.
Quarterly- -Mar.
Jan. and July.
6*2
4*2
Quarterly—
Feb.
Feb. and
Jan.
and
July.
May
and
Nov.
3*2
10
6
2
6
10
4
Portland Saco A Portsmouth
Jan.
Providence A Worcester
Jan.
and
and
and
July.
and July.
April and Oct.
Jan. and July.
Lehigh Valley
Little -cliuylkill (leased)
Minehill A Schuyl. Haven (leased)
Nesqueboning Valley (leased)
Northern Central
North Pennsylvania
(leased)
Pennsylvania Railroad
Philadelphia Germantown A Nor. (leased)...
Philadelphia A Reading
Philadelphia A Trenton (leased)
Philadelphia Wilmington A Baltimore
United Companies of New Jersey (leased)....
West Chester A Philadelphia
West Jersey
10
10
6
10
8
3
6
10
8
3
6
4
7
3
10
6
10
8
3*2
7
8
4*2
3%
6
3
6
4
2
3
4
3*2
5*2
3*2
7
•
2
Nov.
Nov.
and
aud
.
Quarterly- -Feb.
Jan.
and
July.
May
aud
Nov.
and July.
and July.
Quarterly- -Jan.
Jan. and July.
Jan. and July.
Mar. and Sept.
Jan. and July.
Quarterly- -Feb.
May and Nov.
Quarterly- -Mar.
Quarterly- Jan.
Quarterly- -Jan.
Jan. and July.
Jan.
Jan.
Jan.
-
-
July.
*
6
6
5
5
6
6
5,
5%
6
6
2
2
7
7
5
7
6
5
7
7
rr
4
9
5*2
6
5
7
7
4
7
7
7
10
6
8
3
12
12
5
3*2 (j)
7
7
7
10
3
6
7
3
6
10
6
4
43*
6*2
7
10
6
5
6
4
6
6
•
7
10
6
6
3
5
10
6
5
10
5*2
8
1
7
7
7
10
6
2
6
6
8
8
May
May
7
10
6
4
6
5
10
6
5*2
PHILADELPHIA.
Camden A Atlantic
do
Do
pref
Catawissa (leased)
Do
do
pref. (leased)
Harrisb’g Portsm’th Mt. J. A Lancaster(leased)
4
7
1
2
6
4
7
1
6
Aug.
Jau.
July.
Jan., and July.
Jan. aud J uly.
Jan. and July.
pref. (leased)
new pref. (leased)
Delaware A Bound Brook (leased)
East Pennsylvania (leased)
Elmira A Williamsport (leased*
-
6
8
Ogdensburg A Lake Champlain
Old Colony
Pittsfield A North Adams (leased)
-
8
6
5
9*2
5
Do
‘7*2
6*2
6
•
•'
Dec.
Worcester A Nashua
8
4
6
Quarterly—Mar.
June
Vermont A Massachusetts (leased)
-
.
Nov.
Nov.
Northern
Rutland, pref
.
(r/>
6
Feb. and Aug.
May and Nov.
April and Oct.
Norwich A Worcester (leased)
7
2
6
8
10
10
8
B
9
16
7
7
8
6
Manchester A Lawrence
Middlesex Central
Nashua A Lowell (leased)
Nashua A Rochester (leased)
(X. II.)
(d)
2
!..
St. Paul Minneapolis A Manitoba
Terre Haute A Indianapolis
Union Pacific
Wabash St. Louis A Pacific, pref
8
8
10
8
1*2
Oct.
April and
,
7
3
6
8
10
10
8
2
9
13
7
7
7
3
Quarterly- -Jan.
York Central A Hudson
Do
3*a
1879.
10
8
Quarterly— Feb.
Quarterly- -Jon,
Quarter] y- -Feb.
Quarterly- -Jon.
Jan. and July.
Morris A Essex
Do
do
Eastern, N. H. (leased)
Eel River (leased)
1878.
134
Michigan Central
Missouri Pacific (new stock)
Richmond A Danville
St. Louis Alton A Terre Haute, pref
8t. Lotus Jacksonville A Chicago, com
Co
do
pref
St. Louis A San Francisco, 1st pref
St. Paul A Duluth, pref
1877.
7
8
10
Quarterly- -Fob.
^Louisville A Nashville
Metropolitan Elevated (leased)
New
New
New
New
fVoi,. xxxni.
RAILBOAD STOCKS-NEW YOKE, BOSTON AND PHILADELPHIA—Cokcloded.
Chicago Milwaukee *fc St. Paul
Do
do
pref
Chicago Burlington & Quincy
Chic. Rock I. & Pacific (and Iowa Southern)..
Chic. St. Paul Minneapolis & Omaha pref—
Cinn. Indianapolis St. Louis & Chicago
Cleveland & Pittsburg, guar, (leased)
Cleveland.Columbus Cm. & Indianapolis
Danbury & Norwalk
Delaware <fc Hudson Canal
Delaware Lackawanna & Western
Denver <fe Rio Grande
Dubuque A Sioux City (leased)
East Tennessee Virginia A Georgia (old)
Erie A Pittsburg (leased)
—
Do
SUPPLEMENT.
r*
4
10
(k)
3*2
4(0
2
12
3*2
3*2 (j)
7
7
3
6
5
7
7
4
7
7
7
7
6
6
5
7
7
4
7
7
10
7
3*2 {})
6
7
12
3 (m)
4*2
12
2*2
10
8
10
8
3
10
8
10
8
6
10
8
10
8
10
8
10
7
2
*
10
8
10
(6) And 14 per cent in bonds.
(c) And 20 per cent in stock.
(d) And 100 per cent in stock.
(/) Dividend periods changed from semi-annual to quarterly with May, 1881.
(p) And 10 per cent in scrip.
(A) 55 per oent accumulated dividends paid in bonds.
(fc) And 3 per cent in stock.
(j) In scrip.
(0 Stock
(in) And 2 cr cent in stock.
^
(a) From full year’s
earnings for;i880.
(e) Quarterly dividends were begun with October, 1881.
AND BOND TABLES.
STOCK
NOTES.
expressly intended to be used in connection witli the information oonoeming Investment matters, published from week
Chronicle—to which an index is furnished in the remarks at the foot of the tables. Annual reports are in black-faced figures.
A description of U. S. Government Securities is published in the Chronicle each month, as soon as the official “ Debt Statement” is issued.
Prices of all active Stocks and Bonds are quoted weekly in the Chronicle, and a list of general quotations is published monthly.
The following will give explanations of each column of the tables below:
Description.—Railroads leased to others will sometimes be found under the lessee’s name. The following abbreviations frequently oocur, viz.:
M. foi “mortgage.” s. i. for “sinking fund,” 1. gr. for “laud grant,” reg. for “registered,” coup, for “ coupon,” Br. for “Branch,” guar, for
“guaranteed.” ond^for “ endorsed.” “ Coupon*” indicates that the bonds are coupon, but may be registered.
Date of Bonds.—The date of issue is referred to in this column.
ililes of Boad.—*Opposite Stocks, this means the miles of road operated, on which the earnings are based; opposite bonds, the miles covered
These tables are
week in the
by the mortgage.
!
.
Ac.,” signify $100 and larger.
gold; x, extra; a, stock orsorlp.
stocks;
M. & N., May A Nov.; J. A D.,
Stocks, last dividend.—The date in this column shows the period when the principal falls due of bonds, but the time
Bizt or Par Value— These figures are dollars, showing the denominations or par value. The figures “ 100,
pate Per Cent.—'The interest per annum is given for bonds, but the per cent of Iasi dividend for
g means
When Payable—3. A J. stands for Jan. & July; F. & A., Feb. A Aug.; M. & 8., March & Sept.; A. & O., April & Oct.;
June & Dee.; Q.—J., quarterly from January; Q.—F., quarterlvfrom Feb.; Q.—M., quarterly from March.
7878609 1 7877888111
Bonds, principal when due ;
when the last dividend was
paid on stocks
•
„
STATE SECURITIES.
Immediate notice of any error discovered In these Tables.
Subscriber* will confer a great favor by giving
Date of
Bonds.
DESCRIPTION.
For
explanations
see notes
Outstanding
$100Ac
$6,578,000
100 Ac.
100 Ac
539,000
above.
1876
1876
1876
Alabama— Substitution bonds (A) ($7,000,000).
gubstitnt’n b’ds for RR. (B) ($596,000)
for Al«a. A Chatt. (C) ($1,000,000)
do
Educational funded debt
931,000
2,810,670
960,000
....
1880
Arkansas—Funding bonds of 1869 and 1870.. 1869 to ’70
1870
Funding Bonds 1870 iHolford)
1871
Levee bonds (or warrants)
1838 to ’39
Old unfunded debt, including interest
1874
Ten year b’de, Act May 29,’74
1875
Sinking fund bds. (Loughborough) Act.Dec., ’74
1869
To Mempliis A Little Rock Railroad
1870
To Little Rock & Fort Smith Railroad
1870
To Little Rock, Pine Bluffs & N. Orleans RR..
1870
To Miss., Ouachita A Red River Railroad
1870
To Arkansas Central Railroad
1863
State scrip
.'
1863
California—Soldiers’ relief
1870 A ’72
State Capitol bonds
1873
Fuuded debt bonds of 1873
1863
Connecticut—War bonds, 20 year
1
1864
War bonds, 20 year
1865
do
not taxable, 20 year.. |
1877
New bonds, 10-20 year
1881
Delaware— Refund’g bds., ser. “A,” “B” A “C”
1872
Disl. of Columbia- Perm’t imp’t, gold, coup
1873
Permanent improvement bonds, coupon
1879
Bds for fund’g (Act June 10, ’79) coup, or reg.
1874
Fund, b’ds (U.S.guar.,Acts June,’74& Feb.,’75)
1872
Market stock, coupon
1871 to ’73
Water stock bonds, coupon
1872
Wash, fund’g, gld,($660,000 are M.AN.,1902).
1871
Florida—State bonus
1873
Consolidated gold bonds ($300,000 are 7e)....
1866
Georgia—Atlantic & Gulf Railroad bonds
1866
Bonds, act of Mar. 12, ’66 (renewal W. & A.)..
1870
Quarterly gold bonds, act of Sept. 15,1870..
1872
Bonds, act of Jan. 18, ’72
1873
Bonds for funding (Act Feb. 19, ’73)
1876
Bonds to fund coupons on endorsed bonds...
1877
Bonds exchanged for endorsed RR. bonds
1879
Indiana—Bonds, coup, (pay’ble after Apr.1,’84)
School fund bonds (uon-negotiable)
1861 to ’69
Kansas— Bonds, 1861 to ’69, funding, &c
1861 to ’75
Bonds for various State purposes
1864 to ’65
Military loan
For fund,
“obligat’ns” (tax-reo’blo 10-20 yrs.)
1,268,000
1,086,773
1,985,955
261,500
412,000
1,200,000
1,000,000
1,200,000
600,000
100 Ac.
•
•
•
•
•
•
•
•
^
....
1,000
1,000
1,000
1,000
1,000
■
•
1,350,000
500 Ac.
.
•
•
•
1,000
1,000
100 Ac.
1,000
1,000
500 Ac.
100 Ac.
100 Ac.
50 Ac.
50 Ac.
1,000
100 Ac.
•
•
•
1,000
500
500 Ac,
1,000
1,000
250Ac.
'
1,000
1,000
....
lOOAe.
100 Ac.
289,000
Alabama.—The State gave 30-year bonds, dated July 1,1876, bearing
2 per cent till 1881, then 3 per cent till 1886, 4 per cent till 1896,
per cent for last 10 years, for old bonds, without any allowance
due coupons. Alabama & Chattanooga endorsed bonds were
for $1,000,000 of the new bonds, Class C, which bear 2 per
and 4 per cent for remaining 25 years. For
bonds issued bear 5 per cent. In 1880 the new 6 per cent bonds were
issued to retire old 8 per cent “ State obligations.”
Analysis of the
debt and funding operations was given in
Chronicle,
p.
For the $2,000,000 of State 8 per cent bonds issued to the Ala. & Chatt.
RR. under act of Feb. 11, 1870, the State gives the lieu on the lands
granted to that railroad, 500,000 to 1,200,000 acres. Tax rate, 1879-90,
7 mills; <1880-81, 6^2 mills. The assessed valuation of real estate and
and 5
for pastexchanged
cent till 1881,
railroad endorsements the
V. 24,
28.
personalty was $126,773,262 in 1879 and $123,757,072 in 1880. (V.
27, p. 94; Y. 28, p. 199; Y. 32, p. 1S2.)
Arkansas.—The State Supreme Court decided Levee bonds of 1869 and
1870 invalid. The State is in d‘fault for interest, except on the 10 per
cents of 1874 and secured sinking fund bonds issued under the law of
December, 1874. The total recognized debt is $5,813,627, and State
assets (land and sinking fund), $5,274,712. Assessed valuation of tax¬
able property in 1880 about $90,000,000, and tax rate 7*2 mills. The
are
the latest official assessments:
Real Estate.
$61,812,088
1875...
1876
61,892,881
*877
55,713,115
1*878
55,351,488
-(V. 28, p. 171, 276; V. 31. p. 88, 204, 303;
525.)
Personal. ‘ Tax Rate.
$29,842,103
10
31.971,308
10
32,366,893
7
7^
V. 32, p. 566 ; V. 33, p. 328,
32,613,686
California—The State holds in trust for School and University
funds
the $500,000 Capitol bonds and also bonds of 1873, in all $1,244,000.
Assessed valuations and rate of tax per $1,000 have been;
Years.
Real Estate.
Personal.
Total Valuation. Tax Rate.
$'418,840,023
$199,243,292
$618,083,315
$6-50
595,073,177
7-35
586,953,022
128,780,824
6*20
584,578,036
5*50
118,304,45 1
Connecticut.—The debt of Connecticut was all created originally for
■war purposes.
Assessed valuation and tax rate per $1,000 have been:
454,641,311
458,172,198
466,273,585
Years.
140,431,866
Real Estate.
....$238,027,032
235,412,691
1B79...
228,987,700
Personalty.
$106,379,^45
99,970,163
95,901,323
Tax Rate.
1*50
1*50
1*50
$327,182,435
'
'Hie assessed valuation of real estate is about 70 per cent of the true value.
Delaware.—These refunding bonds issued July, 1881, take up out¬
standing debt. Series “A” are $250,000, redeemable July, 1882 to
m
pm
•
•
•
Whero
Principal—When
Whom.
& J N. Y., Importers’
do
& J.
do
& J.
J.
J.
J.
Due.
Payable and by
Payable
J.’&J.
A Tr. Bk,
do
do
July 1,1906
July 1, 1900
July 1.1906
J.
A J
J.
A J.
J.
J.
A.
A.
A.
A.
A.
&
&
&
&
&
&
&
J.
J.
& * J.
J.
J.
J.
A.
M.
J.
J.
J.
& J.
& J.
Jan. 1, 1900
1899
1900
1900
Montgomery.
Y., Union Trust Co.
N.
do
do
•
10
6
r*
4
7
7
7
7
7
When,
#
6
6
6
7
5 A 8
7 g7 g500,000
6 g2,801,000
6
877,0006
1,318,500
6
1,741,100
5
1,031,000
4
715,000
6 g3,950,350
7
670,000
5
1,089,300
365
14,636,656
7
150,000
7
400,000
6 g.
1,805,000
7
350,000
925,000 7 A 6 g.
6
300,500
7
3,600,000
7 g.
2,097,000
7
307,500
8
500,000
7
542,000
6
2,298,000
5
510,000
6
3,904,783
6
101,175
7
739,000
....
the
m
95,500
500 Ac.
J
3 Ac.
5
4 Ac.
1,353,120
•
•
Rate.
1,886,000
1,000
1,000
1 Co^on
following
INTEREST.
Amount
Size oipar
Value.
&
Little Rock, Ark.
J. New York, Nat. City Bank.
N. Y., Union Trust Co.
O.
do
do
O
do
do
O
1884
J.
O.
April, 1900
1883
1885
1893
Jan. 1, 1883
Jan. 1, 1884
Oct. 1, 1885
Sacramento, Treasury,
do
do
do
do
J.
Hartford, Treasury,
do
do
do
do
& J.
& O.
1900
1900
1900
do
do
do
do
O.
’1899"
,
do
do
& N.
Mayl, 1897
1886,1891,1901
& J.
Pliila., Pliila. Nat. Bank.
& J. Wash, or N. Y., U. S. Treas.
July 1, 1891
do
do
& J.
July 1, 1891
do
do
July 1, 1899
& J.
do
do
F. & A
Aug. 1, 1924
do
do
July 26,1892
J. & J.
Oct. 1,1901 to ’03
do
do
J. & J.
1892 & 1902
do
do
J. & J.
N.Y., Donnall, LawsonA Co.
do
do
J. A *J.
F. & A N. Y., Fourth National Bk.
J. & J. N. Y., National Fark Bank
do
do
Q.—J.
do
do
J. & J.
do
do
4. & O.
do
do
J. & J
do
do
J. & J
N. Y., Winslow, L. A Co.
A. & O.
do
do
Various
'
July.
L
J.
N. Y., Am.
& J.
do
& J.
do
Jan.
Feb.
1,1903
1,1886
May, 1886
Oct., 1890
July, 1892
April 1, 1896
July 1, 1896
Jan. 1, 1889
April 1, 1889
1883 to’84
1884 to ’99
1884 to '99
Exch. Nat. Bk.
do
do
1886; series “ B,” $300,000. redeemable July, 1886 to 1891; series “C,”
$165,000, redeemable July, 1891 to 1901. (V. 32, p. 500.)
District of Columbia.—The total assessed value of taxable real estate
and personal property is shown below. The interest and sinking fund
on the 3-65 bonds are provided for by Congress; the act of Juno 16,
1880, allowed further issues of these bonds to the amount of $1,256,750.
Real and personal estate, &c.. has been assessed as follows:
Real Estate.
Personal.
Tax Rate.
$95,929,401
$15,419,873
$15
97,609,890
17,239,051.
15
1879
87,491,442
13,363,920 15
87,980,356
15
88,953,078
1881
10,895,712
15
-V. 31, p. 88, 122, 304, 381; V. 32, p. 69.)
Florida.—Less the sinking fund of $143,900, and Jacksonville Pensa¬
cola & Mobile loan, the total debt is $1,149,800, which does not inolude
$132,000 bonds of 1857, held by Indian Trust Fund. Coupons of the
consolidated bonds are receivable for taxes. Real and personal property
assessed in 1878 at $29,471,227; tax rate, 9 nulls; in 1879 at
$30,938,209, tax rate 7 mills. (V. 25, p. 212; V. 32, p. 100.)
Georgia.—The constitutional amendment in 1877 declared void several
issues of bonds and railroad endorsements. There were issued $400,000
4 per cent bonds in 1880, but all except $107,000 taken up and can¬
celed in that year. Assessed value and tax rate per $1,000 have been:
Years.
Real Estate.
Personalty. Rate of Tax. Total Debt.
$140,153,250
$95,506,280
$5*00
$10,644,500
134,635,886
91,585,832
5*00
10,444,500
134,244,081
350
9,951,500
90,849,338
139,657,250
99,276,876
3*50
-(V. 30, p. 465.)
Indiana.—There, are also $139,000 of 6 per cent war loan bonds
Indiana made a compromise with her bondholders in 1846, giving them
State* stock for one-half of their bonds and overdue coupons, and Wabash
& Erie Canal stock for the balance, about $7,500,000. The canal has
proved worthless, and the creditors claimed payment for their shares
from the State. Valuation, 1879, all taxable property, $884,368,828,
against $850,616,987 in 1878. Tax rate, 1*3 mills.
Kansas.—Kansas has hut a small State debt, but the issue of municipal
1879...;
1880
bonds was about
value) have been:
Years.
1877
1878
$13,000,000.
The valuations (at one-half of true
Real
Personal
Rate of Tax
Estate.
Property.
per $1,000.
$97,483,242
$39,997,287
97,567,623
41,131,187
101,229,734
43,700,545
........108,452,039
52,138,722
—State funds hold $715,700 of the bonds.
$5
5
5
6
50
50
50
50
Total
Debt.
$1,181,975
1,181,975
1,181,975
1,181,975
SECURITIES.
STATE
VI
Immediate notice of any error discovered
great favor by giving
Subscribers will confer a
[Vol. XXX1IL
Size
Date of
DESCRIPTION.
Amount
or
outstanding.
par
For
of tables
explanation see notes on first page
Value.
.
do
to
do
school, held by 8t. Treasurer
do
to N. Orleans, Mobile A Cliatt. RR.
do
to N. Orleans, Mobile & Texas RR..
N. O. Mob. & Texas RR. bonds, end. by SI
Consolidated funded bonds
Twos, fours and threes (seenotes
Jfatne—War loan bonds
1,000
1,000
1,000
1,000
1,000
1869
1874
1880
1863
1864
1868
1880
below)..
23,000
48^000
soiooo
100 Ac.
1871
-
98'000
260,000
48,000
70,000
2,500,000
1,000
875,000
100 Ac.
11,389,900
8
7
2, 4,3
1,649,405
....
991870.7788111876.
1 Coup.
I
or
Municipal war debt assumed
, regisFour per cent bonds
J tered.
Maryland—Baltimore A Ohio Railroad, sterling 5
Bounty loan bonds
'
m
1,995,555
.
2,436,666
155,615
31,069
269,000
...
....
____
528,355
298,435
62,605
1839
1839
3,326,750
'
1868
1870 & ’74
225,000
465,000
1872 & ’76 100 Ac.
1872
Maryland Hospital Loan, 10-15 years
Maryland State Loan
Treasury relief loan, 10-15 years
Massachusetts—Coast Defense n«oan
Bounty Fund Loan
Bounty Fund Loan
do
do sterling
War Loan, sterling
•
,
sterling...
Hospital
Lunatic Hospital, Worcester
New State Prisons, sterling
Michigan—Two Million Loan
War Bounty Bonds
Minnesota—State Building loan, coupon
Danvers Lunatic
1,000
500 Ac.
£100 Ac
£200
£200 Ac
500 Ac.
200 Ac.
£500
1,000
1,000
Consolidated bonds
University and Lunatic Asylum bonds
State Bank stock refunding
Bonds to North Missouri Railroad
Railroad
Bonds to Platte County Railroad
Bonds to Iron Mountain Railroad
Missouri
Renewal bonds, coup., 5-20s, (act Mch. 29,
Hannibal & St. Joseph Railroad
do
do
renewal
’7c)
Nebraska—Bonds (act Feb. 14,1877) coupon...
New Hampshire—War loan, coupon bonds
Municipal war loan
Loan of 1879^for refunding
Prison loan
tax free
4,000,744
5,506,952
1,366,500
3,598,540
1,497,980
1,300,000
200,000
1,000
1,000
700,000
1,500,000
1,000
1,100,000
1,292,280
1,000
590,000
299,000
175,000
115,000
2,275,000
(?)
439,000
2,727,000
1,000
401,000
1,000
1,000
1,000
1,000
1,000
1,000
104,000
1,693,000
267,000
1,000
1,000
1,000
1,000
1874
1877
1864
1872
1879
1879
1861
1863
500 Ac.
100 Ac
100 Ac.
1864
f 00 Ac.
504,000
1,361,000
2,972,000
1,000,000
3,850,000
1,501,000
1,499,000
1.000
449,267
1,000
600,000
2,206,100
400,000
126,000
400,000
100 Ac.
1,000
902,900
593,400
1879,
of 1874, bearing 2 per cent
afterwards, which
June,
cents, $186,150; and
3per cents (baby bonds), $1,261,955. The assessed value of property for
1880 is $149,635,805, ana tax is limited to 6 mills. The interest tax
alone was 5% mills before the constitutional amendment, and bond¬
holders are trying to enforce its collection by suit; in December, 1880,
an injunction was granted against the State Treasurer to prevent his
diverting the interest funds. There is considerable overdue interest of
the years 1874 to 1880 inclusive. A suit is pending by the State of New
Hampshire against Louisiana on her bonds. Taxame valuation for 1881
about $176,000,000. (V. 29, p. 18, 96, 277, 330, 358, 631; V. 30, p.
117, 493; V. 31, p. 88, 559, 606 ; V. 32, p. 468; V. 33, p. 23.)
Maine.—The debt January 1, 1881, was $5,883,900.
The sinking
nd $1,307,857. Tax rate for 1879, 4 mills; for 2880, 5 mills on valu¬
Louisiana.- The Constitutional amendment passed December,
provides for a new bond in place of consols
for 5 years, 3 per cent for 15 years and 4 per cent
on
basis the interest charge per year for consols is $235,542. To
1881, the 2 per cents issued were $201,300, 4 per
u
(V. 31, p. 205.)
ation of 1870.
Maryland.—The State has largely
assisted canals and
railroads, and
productive; the State
Assessed valuation
holds $3,444,585 of stocks and bonds ranked as
also holds $25,726,051 in unproductive securities.
and tax rate have been:
Real and
Tax Rate,
Personal.
Years.
1877
1878
1879
1880
$478,468,028 '
464,425,790
466,637,502
459,187,408
:
per
~
$100.
17%C.
18%c.
183tc.
18^c.
—(V. 28, p. 42.)
connections
1876
....
Real
Personal
Tax per
Total
Estate.
Property.
$1,000.
Debt.
$1,262,141,092 $860,958,487 $12
stock, and had a
80 $33,866,464 $14,294,238
sinking fund of $1,213,678 January
*
Michigan.—'The debt is practically
has sufficient assets to
Sinking
Funds.
822,289,966 12 84 33,550,464 13,635,490
1,118,557,164 761,266,574 12 54 33,219,464 13,448,194
1,090,749,235 742.533,998 12 78 33,020,464 12,235,248
1,111,160,072 816,695,358 15 35 32,799,464 13,050,092
to Boston Hartford & Erie Railroad was secured by
mortgage bonds, afterwards exchanged for N. Y. & N. E. RR.
1,191,583,169
The loan
“Berdell”
6
6
6
4
5
5
5
5
3
6
6
6
6
6
6
6
6
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
6
7
7
6
7
g.
g-
M.
J.
A.
F.
J.
J.
fundable, j
80,000 f per report of 1
260,000 Jan. 1, 1878.
48,000
70,000
Q.-J.
A. A O.
J.
A J.
J.
J.
A J.
A J.
m
g.
g.
g.
g.
6
6
6
6
6
6
6
6
6
6
6
6
6
8
6
6
5
*
meet the debt.
1,1881.
extinguished,
as the sinking fund
Equalized valuation of real and
July 1,1910
April, 1911
Jan., 1914
1886 & 1914
March 1,1883
Juue 1,1889
Oct. 1,1889
$25,000 per year.
1890
1890
1890
1890
1890
1885
1890
1890
1883
1885 A ’89
1887 & 1891
•
m
m
J. A J.
J. A J.
J. A J.
M. A N.
M. AN.
J. A J.
A. A O.
A. A O.
J. A J.
J. A J.
J. A J.
J. A J.
A. A O.
J. A J.
J. A J.
Various
Various
J. A J.
J. A J. N.
M. A N.
J. A J.
J. A J.
J. A D.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
A J.
L
g.
g.
g.
gg.
g.
g.
1899
1897
do
do
A. A O.
g.
g.
g.
g.
g.
g-
do
do
Augusta and Boston.
Boston, Suffolk Bank. 1
London, Baring Bros.
Quart’y
.
Jan. 1, 1890
2,500,000
875,000
N. Y., Bank of N. Y.
New Orleans.
Boston, Suffolk Bank.
1887
1888 to 1893
Boston, Treasury.
do
do
do
do
London, Baring Bros.
do
do
do
do
Boston, Treasury.
London, Baring Bros.
do
do
July 1, 1883
July 1, 1883
May 1, 1894
May 1, 1894
July 1, 1889
Oct., 1888 to ’90
April, 1891 & ’93
July, 1891
Jan. 1, 1895
,
1893 A ’94
Boston, Treasury.
July 1, 1895
April 1,1890
do
do
do
do
1907
March 1,1875
1886 & ’88
Q.-J. Balt., Farm. A Merck. Bk.
4%
6
6
6
May 1,
London, Baring Bros.
Bostoa, Treasury.
Boston, Treasury.
July 1, 1900
Sept. 1.1894-96
do
do
Jan.
London, McCalmonts.
Y.. Am. Exchange Bank.
do
do
1, 1895
Jan. 1, 1883
May, 1890
July 1, 1883
Optional.
St. Paul, Treasury.
do
do
Dec., 1887
"
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
I.
J.
A.
M.
J.
J.
J.
J.
J.
J.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
J. N. Y., Bank of Commerce.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
1.883
1888
July, 1892
April 1, 1894
1881 to’88
1881 to’89
1889 to’90
1881 to’89
1886 to’89
-
J.
J.
J.
J.
O.
S.
J.
do
do •
do
do
do
State
July, 1894 & ’95
1895-6-7
1887 to’95
1894-o-6
do
„
do
do
April 1, 1897
Sept,, 1884 A ’89
do
Jan., ’92 to 1905
do
A J. Bost.Nat.Bk.Commonw’ltb , ruly 1, ’89-’90-’91
do
do
July, 1882 to ’91
A J.
Jan., 1881 to ’84
Jersey City.
A J.
do
Jan., 1886 to’96
A J.
Treasury.
Concord or Boston.
J
do
A J.
personal property, 1881, about
poses 1 4-10 mills on the $1.
$810,000,000, and tax rate for State pur¬
Minnesota—All the State bonds are now
fund. Minnesota has refused to recognize
held by the permanent school
the “Suite Railroad Bonds” of
$2,275,000. A proposed compromise with the
in process of execution by
cent bonds. Taxable valuations and State tax
1858, to the amount of
holders was provided
the issue of the 4% per
have been:
for in 1881, and is
Personal.
Tax Rate.
$46,175,304
2%
53,525,017
15%
1880.:
54,581,906
1-6%
Tax for all purposes in counties averages 17% mills.
(V. 32, p. 40,183,
265, 368; V. 33, p. 74, 125, 282, 294,304, 329, 404, 433, 469, 502, 588,
Real Estates
$183,615,738
189,246,698
203,473,637
Years.
,
687.)
Missouri.—'The valuation of real and personal property in 1879 was
$529,217,474, of which $381,555,564 was real and $147,661,910 per¬
sonal. Railroads and bridges were assessed separately at $29,143,968.
The tax rate is 40c. per $100. Bonds maturing are met by sale of
renewal bonds and by sinking fund.
provides for its own debt. (V. 27, p.
685; Y. 33, p. 687.)
Nebraska.—The State school
The Hannibal A St. Joseph RR.
200, 409; V. 30, p. 467; Y. 32, p.
There are also $50,bonds due 1885, interest paid January
per cent of true value) and tax rate
fund holds $326,267.
000 10 per cent “ Grasshopper”
and July. Assessed valuation (33%
per
$1,000 have been:
Personal
Real Estate.
Years.
Massachusetts.—The funded debt, January 1, 1881, was $32,799,464.
The sinking funds were $13,050,192. The Hoosac tunnel and
cost the State heavily.
Assessed valuation, tax rate, &c., have been:
Years.
•
670,000
3,599,024
1,060
'
999,944
£200
1,000
1,000
1,000
1,000
1,000
1875-6-7
1857 to’75
888,000
200,000
4,379,500
5,000
£500
1865
1873
1878
1858
1882
1865 to’66
1868
1872
1874
1854 to’58
1857 to ’59
1859 to’60
1854 to’59
1853 to ’59
1874
Adjustment bonds, for $4,000,000
Missouri—State bonds, proper
965,554
•
1,000
1863
1864
1864
1869
1858 to’61
1861 to ’63
1871
1875
1873 to ’74
1875
1860
1868 to ’69
1874 & ’76
1874 A ’77
1875-’76
1875
1863
full;
«
500,000
1878
1863
Troy & Greenfield Railroad loan, sterling....
do
do
home
do
do
sterling....
do
do
sterling....
do
do
dollar bond: *
do
do
do'
Southern Vermont Railroad Loan
Ae«v Jersey—War loan bonds,
War loan bonds, tax free
do
do
taxable
m
1870
Loan
Deaf and Dumb Asylum Loan
Pacific Railroad of
Funding bonds
-.
m
1838
1837
Defense Boimty
Bonds to Cairo & Fulton
307,000
m
Various.
1839
Annapolis A Elkridge Railroad
Temporary seed grain loan
Railroad Bonds (not recognized in
385,000
2,330,000
2,826,900
.
1838
Chesapeake A Ohio Canal, sterling
Railroads and canals
Eastern Shore Railroad
Baltimore A Susquehanna Railroad
Chesapeake & Ohio Canal
Baltimore & Susquehanna Railroad
Boston, Hartford A Erie Railroad,
Harbor Land Improvement (5-20s)
500 Ac.
500 Ac.
100 Ac.
July, 1893
1872 to 1906
1886
Amounts not
A J.
A J.
A 8.
A D.
A O.
A A.
A J.
A J.
J.
J.
due.
$15,000
119,000
J. A J.
Various
Various
M. A N.
M. A S.
J. A J.
J. A J.
7*30 M. A S.
Various
6
J. A J.
8
A. A 0.
8
49,000
'500
1870
1869
1857
1870
C
Mississippi A Mexican Gulf Can
>
liooo
ljooo
1866
1867
1870
1866
do
special—Act 32 of 1870
Bonds funding coupons
do
to Boeuf & Crocodile Navigation
273,000
Principal—When
payable and by
whom.
Payable
6
6
8
6
8
6
8
$61,000
$500
1,000
1853
Louisiana—Bonds for relief of State Treasu
Bonds in aid of various railroads
Levee bonds—Act 35 of 1865,
do
Act 115 of 1867
Where
When
Rate.
In these Tables.
-
INTEREST.
....
$40,589,285
37,975,987
39,263,823
33,378,409
53,850,147
Railroad, Ac.
$33,589,360
Tax Rate.
$7 35
6 37%
6 37%
33,335,591
35,125,713
36,981,389
6 37%
36,649,471
4 00
New Hampshire.—'The debt of New Hampshire was created for war
purposes. The Municipal loan of 1872 was issued to cities and towns,
the proceeds to be applied to their war debts. Total valuation in 1879*
$206,959,017. Tax rate, $2 per $1,000. (V. 29, p. 171.)
1877
‘
created for war purposes. Sinking funds
Of the first class of bonds the Principal
New Jersey.—The debt was
Jan; 1,1880, were $1,428,545.
is payable $100,000 per year.
against
Valuation of real P™Perty
in *880,
(taxable), $82,584,880; total, $ol8,617,518,
$508,892,338 in 1879 and $531,851,849 in 1878. State sohool
$436,032,638; personal,
tax, 2 mills.
STATE SECURITIES.
1881.]
December,
1
u"..:
=g=g
Subscribers will confer a great favor by
a
a....
=====
: =
giving Immediate notice of any error
For explanations
Bonds.
see notes on first page of tables
Under Art. 7, Sec. 3,
*
of Con-^
Btitution, and Art. 7, Sec.
12.'
Carolina—Funding bonds tax-receivable.
North
Old bonds in process of funding
Bonds to North Carolina Railroad
Railroad bds, not fund. (Chatham
do
do
and W.AT.)
(registered)
Agricultural College land scrip
Rhode Island—War bonds
War bonds
do
do
South Carolina—State House
Funding bonds and stock
Blue Ridge Railroad bonds
Funding bills receivable
stock and bonds
.
•,
Payment of interest
Funding bank bills
Conversion bonds and stock
Deficiency bonds (act March 22, 1878)
Consol, bouds (Brown), (Act Dec. 22, *73)...
Tennessee—Fundifig bouds, act of 1873
Bonds regist’d, act of 1873,($292,300 are 5s).
Held by E.T. University (not to be funded)...
Funding bonds (act of March, 1881)
Texas— Funding Srate debt (act May 2.1871)..
Frontier dcf’se,gold,act Aug.5,’70(red’ble ’91)
Revenue deficiency bonds, act Dec. 2, 1871..
Bonds, act Mar..1874 (for paying fioat’gdebt)
Redemption of debt, act Aug. 6, ’76
Bonds, act April 21, 1879
Yirqinia—Old bonds, -3 fundable
Old uonds, sterling, not required to be funded
Consol.) Act Mar. ’71) coup, tax receivable
reg., conv. into coup...
do
(Act 1872) “Pealer,” cp. not rec’ble .
Deferred certificates (W. Va.)
New funding bonds, 10-40s, ($449,300 reg.)..
do
do
sterling
do
do
$50 Ac
2,211,616
.
Sgpg
1867
1868
1,000
2,795,000
1,000
1,180,000
383,045
44,000
11,366,000
2,800,000
2,400,000
8,000,000
2,000,000
....
1,000
1,000
1881
1856
1877
1879
1852
1852
1867
1867
1867
1872
1862
1863
1863
1864
1853 to’54
1866
1854
1868
1868
1868
1869
1878
1874
1874
Various.
100
100
100
100
Ac.
Ac.
Ac.
Ac.
1,000
1,000
50 Ac.
50 Ac.
50 Ac.
...
.
1,000
1,000
1,000
1,000
1,000
50,Ac
1,000
1,000
1,000
500,Ac.
500,Ac.
-
1,000
1,647,000
1,000
1,000
1,000
1,000
1881
1872
1871
1872
1874
1876
1879
100 Ac.
1851 to’66 500 Ac.
£100 Ac
1851
1871
100,Ac.
1871
100,Ac.
1872
100,Ac.
Various
1871
1879
1879
533,700
3,030,088
1,302,851
13,474,800
895,147
2,394,305
15,239,370
8,171,600
....
346,000
New York.—The financial condition of the State was commented upon
by Governor Cornell in his message, Jan., 1881. (V. 32, p. 70). Valua¬
tions and tax rate for State purposes have been:
1877
1878
1879
1880
Real list ate.
Personal.
State Tax.
$2,376,252,178
2,373,418,490
2,333,GOO,813
2,315,400,526
$379,488,140
364,960,110
352,469,320
322,468,712
3i0
2910
28<b1000
3^
—(V. 32, p. 70.)
North Carolina.—Interest is paid on bonds issued to No. Carolina RR.
($2,795,000), as the State holds $3,000,200
thereon. The funding law of Mar. 4,1879, provided for funding old antewar bonds at 40 per cent of the tacc value; “ New ”
recog¬
nized as valid at 25 per cent; funding bonds of 1866 and 1868 at
per
stock and receives dividends
railroad bouds
15
cent. Nothing for overdue coupons. Coupons of the new bouds are re¬
ceivable for taxes. If all were funded the new 4 per cents would be
$3,900,000. Special tax bonds are ignored, and also bonds to Chatham
RR. 1868, $1,030,000, and to Williamston A Tarb. RR., $150,000, and for
Penitentiary under acts of 1868. Assessed valuation of real estate is
about 60 per cent of true value. Valuations and tax rate per $100 have
been:
Years.
Real Estate.
rersonaltv. TotalValuation. Taxpr. $100
1877
38
$92,158,215
$54,212,248
$146,370,493
3 878
51,228,268
91,079,834
142,308,102
38
1879
'.
157,967,4S1
24
-(V. 28, p. 69, 200, 327 ; V. 31, p. 45, 560 ; V. 32, p. 115 ; V. 33, p. 528,
560, 642.)
Ohio.—Ohio lias
a very
small State debt, but large local
ing in 1880 to $41,297,745,
debts, amount¬
against $25,957,588 in 1875, this
increase
being mainly in Cincinnati debt. Valuations in Ohio have been as follow s:
Real estate.
Personalty. I
Real estate. Personalty.
1860
$639,894,314 $248,408,290 | 1878.$1,091,116,952 $461,460,552
1866.. 663,647,542 442.561,379 11879. 1,093,768,904 442,979,885
1877.-1,084,455,378 490,190,387 | 1880. 1,102,049,931 456,166,034
State tax rate, 29io mills.
Pennsylvania.—Sinking fund, $7,255,106. Revenue is raised prin¬
cipally from corporations. Taxes are levied on personal property. The
State holds $1,754,331 in stocks and $7,900,000 of railroad bonds. Any
coupon bonds may be changed to registered. The bonds due in 1882 are
payable at anytime till 1892. (V. 28, p. 43, 149, 600; V. 29,p. 192,
330; V. 33, p. 623.)
Rhode Islam!.—The debt was all created for war purposes. In Jan.,
1880, the net debt, less sinking fund, was $1,828,013. The State valua¬
..
property m 1876 (the latest made) was $243,658,190,
$84,872,369; tax rate 1879, 12 cents on $100.
Carolina— The funding law of Dec. 23,1873, provided for scal¬
tion of real
and personal,
South
1879.
1,000
1,000
1,000
133,700
551,500
2,641,000
4,880,000
14,929,300
397,000
(?)
75,000
692,000
500,000
1,000,000
500 Ac.
J. A J. N.
J. A J.
J. A J.
J. A J.
A. A O.
J. A J. N.
Various
6
Various
6
6
6
6
4
6
5
4
5 g.
do
J. A J.
Raleigh, Treasury.
New York.
A. A 0.
do
A. A O.
J. A J. N. Y., American Exch.
do
do
J. A J.
F. A A. Phila., Farm. A Mech.
do
do
F. A A.
1do
do
J. A J.
do
v do
J. A J.
do
do
F. A A.
do
do
F. A A.
do
do
F. A A.
6
5
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
71,750
500,000
965,000
200,000
631,000
738,000
143,000
35,900
103,000
32,000
132,000
104,750
Y., Manhattan Co. Bank.
6 g.
6 g.
6 g.
6 g4
6
41cg.
87,000
9,251,850
814,300
Principal—When
.
.
.
do
do
do
do
do
do
do
do
Y., Nat. Bk. of Republic.
do
do
.
BTf.
B’k.
g.
g.
g.
g.
g.
g.
5 A 6
6
3
6
7 g.
7 g.
7 g.
6 g.
5
6
5
6
6
6
6
3 to 5
3 to 5
do
F.
J.
J.
J.
A.
A.
J.
J.
J.
J.
J.
J.
J.
J.
A A.
A J.
M.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
A S. Newr York, Bank of N, Y.
do
do
A J.
do
do
A J.
A J. New York A State Treasury.
do
do
A D.
N. Y., Winslow, E. A Co.
A J.
A
A
A
A
A
A
A
A
A
A
A
J.
J.
O.
O.
J.
J.
J.
J.
J.
J.
J.
A J.
Various
A
A
A
A
A
A
1898 to ’99
At will, 1882-’85
Jan., 1887
1, 1902
Aug. 1, 1904
July, 1882
July. 1882
Feb., 1892
Feb., 1882-1892
Feb.
1922
Sept. 1, 1882
April 1,1883July 1, 1893
Aug. 1, 1894
1871 A ’81
Columbia, State Treasury.
Columbia and New York. July 1,1887 te ’97
July 1,1875 to ’79
Columbia, Treasury.
July 1, 1888
Columbia and New York.
do
do
July 1,1888
do
do
July 1,1889
do
do
July 1,1882
1888
State Treasury.
July 1, 1893
N. Y., National Park Bank.
Nashville, Treasurer.
do
do
do
do
New York.
State Treasury.
July 1, 1914
1875 to 1900
Various.
July 1, 1990
1891
J.
London, Baring B. A Co.
Richmond, Treasury.
J.
J.
do
do
A J.
Oot. 1,1892
1909
1868 to ’98
1883 to’85
1868 to ’98
Indefinite.
1882
do
do
do
do
do
Oct., 1893
July, 1887
Jan. 1,1883
July 1,1891
Oot., 1898
Harrisburg Treasury.
M. A S. Providence, R. I. H. A T. Co.
A. A 0.
J. A J.
Due.
Payable and by
'Wnom.
Payable
6 g.
395,000
Where
When
Rate.
(?)
500 Ac.
Registered certificates of literary fund
Penitentiary bonds, act Aug. 24, 1868
Special tax bouds
Ohio— Registered loan of 1881
Registered loan, payable after Dec., 1886
Pennsylvania—Reg. bonds, tax fr., (red’blo ’92).
Registered bonds, tax free, 15-25 years
Coupon loan (except $53,000 reg.), April 2
do
April 2
Stock loan of Feb. 2 (registered)
do
do
aSB'c
$173,000
1,562,900
847,500
4,302,600
2,000,000
•*•8®
1875
1872
1873
1873
1874
1879
New York—
Canal debt,
Amount
Size or
outstanding.
par
Value.
Date of
■ --
discovered In these Tables.
INTEREST.
DESCRIPTION.
vii
1911
1892
March 1. 1904
July, 1906
1909
1886 to’95
1886
1905 •
1905
Contingent
J.
J.
J.
1919
1919
ing down the old debt 50 per cent. The consol were again “re-adjusted”
in 1879. In June. 1881, the consols stood at $2,641,000 out or a total
authorized issue of $5,862,514 for fundable bonds and interest. Valua¬
tions aud rate of tax per $1,000 have been:
Railroads. Tax Rate.
Real Estate.
Personalty.
Years.
$
2%
$41,604,113
1878
$85,633,873
43*
43,967,758
76,583,866
1879
13,767,400
43*
42,785,768
1880
77,609,666
......
—(V. 28, p. 18, 378,
402; V. 29, p. 358, 383; V. 30, p.
589.)
Tennessee.—The funding bill was given
118 ; V. 33, p. 12,
in V. 32, p. 387.
This provides
for the full face of the old and
July, 1881. Coupons are to be
tax-receivable, except for about $150,000 per year interest on the per¬
manent school fund. The question of the validity of this law went to the
State Supreme Court on appeal, to be heard January 17, 1882.
There
were $416,000 bonds renewed and $369,000 never registered.
Assessed
valuations and tax rate per $1,000 have been as follows:
for new bonds at 3 per cent to be given
12 overdue coupons, including that of
Years.
Real Estate.
$212,589,045
202,340,815
196,165,644
'1880.... 195,635,100
—(V. 30, p. 467 : V. 31, p.
579; V. 33, p. 66, 642.) j
Railroads.
Personalty.
Tax Rate.
$24,319,803
$
$1
20,871,338
1
16,952,036
1
16,133,338
16,375.894
1
190, 296, 330, 340; V. 32, p. 62, 253,387,
Texas.—The old liigh-rate bonds have been redeemed and low-interest
bonds issued. Assessed valuations and rate of tax per $1,000 have been:
Years.
.1876....
Real Estate.
Personalty.
$174,324,176
$83,307,833
212,698,432
187,722,374
186,297,495
106,237,273
115,480,050
114,227,912
Total Val’tion. Tax Rate.
$257,632,009
318,935,705
303,202,424
300,525,407
$5
5
5
5
—(V. 30, p. 314.)
of interest on the debt proper,
$3,565,331. The law of March 28. 1879, for
refunding the debt, was given inCHRONiCLE, Vol. 28, p. 353. The new
bonds are 10-40 year bonds, and bear 3 per cent for 10 years, 4 per cent
for 20 years, and 5 per cent for 10 years, coupons tax-receivable.
Assessed values in 1880 were: real estate, $234,272,951; personal,
$70,391,018. The receipts of the State Treasuryrin 1880-81 were
$2,632,345, and current expenses, $2,152,028, leaving $480,317 bal¬
ance.
Tax rate, 5 mills. The U. S. Supreme Court in January. 1881,
held the coupons of consol, bonds not taxable by the Staifce. (V. 30, p.
163, 223, 454; V. 31, p. 88, 484, 578, 608; V. 32, p. 123; V. 33, p. 562.)
Virginia.—The accumulated arrearages
October 1, 1881, were
CITY SECURITIES.
• M
Till
Sobicriberg will eonfter a great fliTor
by giving immediate notice
[Vou mat
of any error discovered In tlieae T»bl««u
INTEREST.
Date of
DESCRIPTION.
bonds.
For explanations see
notes ou first page of tables.
Albany, N. F.—Purchase Congress Hall Block..
City improvement
Washington Park ($-10,000 are 5s, due 1920) .
New Post Office site
High School
Water debt ($400,000 due 1900-3, are7a)„
Western A venae improvement bonds.
Bonds loaned to Albany A Susquehauna RR..
Atlanta, Oi.—Bonds for streets, Ao
Bonds. A. L. Railroad for and Slate House
Bonds for West. KK. and floating debt
Bonds, 1st ana 2d senes, waterworks
Redemption bonds
do
Augusta, da.—Bonds for various purposes
Baltimore—Consolidated loan of 1H90
Water loan, reg. stock, red. at will after 1916
.-Funding loan, reg. stock, tax free
Consolidated bounty loan
Exempt bounty loan
Public parks (Druid Hill)
Park improvement loan
Five million loan to Baltimore A Ohio KK..
One million loan to Pittsb. & Connells villo KK
New City Hall
1866
187(K71
1870-*8l
1874
1875
1874-*77
1877
1865
*66-’67-*72
1869-’70
1872 A *11
1874
1*77
1875
Various.
Various.
1877
137 3
1863
1865
1860
1863
1853
1853
1868
1870
1874
1864
Size or
par
value.
outstanding.
$1,000
6
1.000
500 Ac.
1,000,000
436,000
400,000
418,000
6
1,000
500 Ac.
430.000
7
8
1,000
1,000
250 Ac.
100 Ac.
100 Ac.
2,060,000
7,306,546
5,000.000
100 &C
1.0 '0,000
2 211,068
Ac
781781
do
do
do
do
Consolidated loan
Court house loan
Fumling loan
Western Maryland Railroad
Jones’ Falls ($739,600 are 5s)
1870
1872
1872
1873
1874
Ac.
Ac.
5,000,000
1,000,000
1,0(H),000
4,000,000
5 A6
4-
1,000,000
925,000
102,500
Various.
Vara his
Various.
1861
Various.
1869
Knox A Lincoln Railroad ($23,750 each year)
1871-’72 Various.
do
do
(F.AA.aud M.AS)..
1852 to’64
1,000
Boston—City purposes. wer debt. Ac
1864 to’80
1,000
1878-’81
registered
do
do
do
City debt and Roxbury and Charleston
Ko.. bury debt
Brighton and Whst Roxbury.
Dorchester and West Roxbury and Brighton.
Burnt district, sterling loan
Consolidated street iwproveiu’t,
sterling loan.
Cochitnate Water loan, 6 per oent
do
5 per cent
do
4 per cent
do
do
do
do
Sterling
do
do
do
4
do
do
4
do
do
do
11.360,500
2,247,00 ■
1,735,000
58,0u0
■
£100 A
1873
1869
£100 Ac
1862 to’76
1,000
1864 to ’76
18'5 A ’78
60,000
297,000
4,007,604
P
270,454
1.153,000
4,901,000
13.0(H)
-
1872
£100 Ac
1875-~7G
1879
1879-’80
1861
1857
1865
1867
1866
1865
1866
1867
1862 A ’67
588,000
1,947,278
4,552,000
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
6
7
J.
J.
J
J.
J.
J.
J.
J.
J.
I.
J.
J.
J.
J.
J.
302,000
16-4,000
167,000
197,000
260,000
32 J,(KX)
361,000
3,000.000
6. 62,(KK)
8.019.01)0
1.217.0(H)
9,777,500
1,439,500
paid by income of water works, and Public Park by City Passenger Rail¬
way, and against a total debt of $36,092,298, tho city has $ JO,661,986
productive assets (including the sinking funds), leaving $15,-30,312,
against which are held $5,030,280 of unproductive assets; interest is
raised by taxation on $13,162,653 of debt. Population in 1870, 267,354.
been:
against 212,418 in 1860. Assessed valuation and tax rate have
Rate of Tax
1879
178,57 2,032
179,95m,592
1S3,5S0,023
187.38 ,000
65.613,000
1*80
Assessed valuation is near thefnll cash value,
per
256,105,341
249,2664305
'
244,043,181
252,900,000
In
$1,000.
19 72^
19 72^
19 00
$228,816,110
1880, after
,
90,000
552,000
$1 58 per $100. (V. 28, p. 17.)
Baltimore.—The fiscal year of Baltimore ends now with Deocmber 31
The total of all sinking funds, January, 1881, was $7,859,757. The
Baltimore & Ohio Railroad pays interest on $5,000,000: Water loan is
Property.
$70,000,000
77,533,309
70,308,003
60,463,158
,
213,000
valuation in 1880: Real estate, $9,010,96 j ; per¬
$162,539,157
.
A. A O.
M A N.
sonal, $5,028,107; tax rate,
Years.
.
4 g.
7
15 00
13 70
all abate-
6 A 7
•
7
7
7
7
6 A 7
7
7
5, 6 A 7
7
6
6
7
July 1, 1900
A
A
&
A
A
A
A
A
A
A
A
(fe
Apr.,’IK) A 1900
do
do
Oct.. 1889
1887
V arious.
do
do
do
1881 to’82
1881 to ’82
1881
do
ao
London, Baring Brothers.
do
Boston, Treasurer's Office
do
do
do
do
do
18*7
1885 to’90
do
do
do
do
do
do
do
do
c
J.
J.
J.
J.
J.
J.
J.
J.
J.
CD
CC
Q
,•08.
A J.
A J.
A J.
18&0; 18,829 in 1870.
«
c
1881
•
C3 fl
uo
do
do
do
do
do
do
Oct., 1902
190.^-1908
19 >9
1909-1910
1891
Brooklyn.
J
J.
J
1881 to’94
1881 to 1901
1908
do
do
do
April. 1893
July, 1899
1907-1908
do
do
London, Baring Brothers.
Boston, Treasurer’s Office.
Municipal •property, including water
tion, 16,851 in
a
1881 to 90
1881 to’90
1881 to ’90
1882 to ’86
1881 to *95
1881 to’90
1899-1924
1905 to 1920
1915 to ’24
1915X0*24
o
O
1881 to 1912
J
works, about $800,000.
Popula¬
Bath, Me.—The city holds a tirst mortgage on the Androscoggin road
second and third mortgages on the Knox A Lincoln for
$895,000 out of a total of $2,395,000 bonds issued by
se veral cities in aid of the latter road.
Tax valuation, 18so—real estate,
for the debt, and
its proportion of
$1,815,500: floating
Total
Valuation.
7
5 g.
5 g.
5 A 6
6
5
4
5 g.
5 ST.
362,000
debt, $382,415. Assessed value of real estate in 1878, $12,230,000;
personal, *5,766.530. Tax rate for all purposes, $2 30 per $100. Popu¬
lation, 37,825 in 1880; 21,7»9 in 18 • 0.
Augusta.—Of this debt, $600,000 was issued for railroads, and balance
for canal enlargement, water works, Ao. Sinking funds, Jan. 1, 1881,
l’ersonal
5*2
(i-^J
4^g. A. A O.
Albany.—The loan to Alb. A Susquehanna is secured bv lirst mortgage.
Real
Estate.
5
Various
Various
Various
Various
Various
A. A O
J. A J
Various
Various
Various
A. A O
A. A O
2'>8,000
The valuation of Albany County in 1886 wan, approximately: Real
estate, $19,0.>0,000; personal, $4,500,000—estimated tube about onehalf of true value. City tax rate 1879, 2-81.
Popu lation, 90,713 in
Taxable
A. A O.
4^1
'
March 7, 1902
After 18*55
At will.
c>
do
do
do
do
do
do
do
4Hg. A. A O.
328,00i/
.
_____
1867
WallaboutBay
do
do
1870
New York Bridge loan, registered and coupon
187G-’79
Bonds for N. Y. A Brooklyn Bridge, ep. or reg.
ProHpoot Park loan, registered and coupon ... 1860 to *73
1860 to ’72
Prospect Park loan
1857 to’72
Permanent water loan
1872 to ’75
do
do
$151,750.
6
5 g6
4
4 g.
•
,000
515,000
Various.
1880 ; 69,422 in 1870.
Atlanta.—The total bonded debt Jan. 1, 1879, was
6
6
6
45
1878
Brooklyn—Brooklyn local improvement loan...
Mount Pros)»ect Square loan
Soldiers’ aid fund loan
Third street improvement loan, local.
Gowanus canal improvement loan, local
do
Bush wick avenue
do
do
BouthSeveuth «t.
do
do
do
Union street improvement loan, local
Fourth avenue
do
do
do
185)
1879
1877
Various.
Various.
....
2,786.500
July 1, 18*4
April 15,1900
•
5 A 6
193,000
425,000
417.5(H)
420,600
Androscoggin Railroad
do
do
do
do
6
6
6
6
6
6 A 7
100,000
500,000
do
do
do
do
do
do
do
rlo
do
do
1H90
1*86
Jan. 1, 1902
A J. Balto., N. Mechanics’ Bank.
do
do
April 9, 1900
Q-F.
do
Oct 31, 1886
A. A O
July 1, 1894
J. A J. Balto., Nat. Merchants’ Bk.
J. A J. Btn O.. City Keg* tor’s Offiee. After Jan. 1,1920
J. A J. Balto., N. Mechanics’ Bunk. Jau. 1 ’90 A 1900
Jan. 1, 1895
J. A J. Baltimore, Franklin Bauk.
1881 to *92
Various Boston, Merchants’ N. B’k.
Jan. 1, 1894
do
do
J. A J.
do
do
July 1, 1905
J. A J.
Jau. 1, 1894
do
do
J. A J.
do
do
A. A O
April 1. 1899
1887 A 1*98
M. A S
City Treasury.
Various Boston. Second Nat Bank.
’83, ’*5 A *98
April 1, 1891
A. A O. City Treasuryand Boston.
do
do
J. A J.
July 1,1882 to’99
1891 A 1902
do
do
Various
188 L to’87
Various Boston, Treasurer’s Office.
188 1 to ’97
do
do
Various
1887-1901
do
do
Various
6
117,600
136,COO
Balto., Farm. A Plan. Bank.
1895
J.
6
240,0(H)
Jam 1.
Jau. 1,
Jan. 1,
J. Hallo., N. Mechanics’ Bank
A
Q.—J.
Q-J.
Q.-J.
q.-J.
Q.-J.
Q-J-
5A6
‘
City debt and Roxbury and Charleston
J.
800,000
1,000,000
1,539,600
1,015,300
1,375,000
Sept. 1, 1890
CJ.-M. Balto., Nat. Mechanics’ Bk.
do
do
Q.—J.
q.-J. Balto., Farm. A Plan. Bank
Ac
500.000
943,161
85,300
.
Railroad loan
5
5
6
6
6
6
6
6
6
6
6
5
5
6
6
1,000,000
Valley Railroad
100 Ac.
Water loan ($263,000 only are 6s)
100
1880
Harfo; d Run improvement loan
Endorsements for Western Maryland RR
do
Union Railroad
do
1858 to *7 2 100 Ac
Bangor, Me.—City debt proper
1874
1,000
Municipal loan
500 Ac
1875
Water loan bonds, coup. (Act Feb. 22, 1875).
1869
1,000
European A North American Railroad
1869
1,000
Bangor A Piscataquis Railroad
BathfJIe.—Fund, debt ($24,500are 6s, *87, J.&J
,
7
6
Ac.
Ac.
Ac
Ac
Ac.
Ac.
A A. Boston, Merchants’ Bank Feb., 1885 to *94
March, *80 to 1956
New York.
A Ft
do
l0L0-’2l
A N.
May l, 1904
A N N. Y., Merchants’ Nat. Bk.
do
do
May 1, 1881 to’85
A N.
F :b. 1,181*3-1912
do
do
A A.
Feb. 1,1883-4-5
do
do
A A.
1895-V7
a n. N. Y.. Del.A Hud. Canal Co.
1881, *86 A’93
A J. A tlanta (feN. Y., Am. Ex. N. B k
J. A J., 1890
do
do
a j.
J. A J., 1962
do
do
A J.
do
do
Jan, 1, 1904
1. A j.
Jan. 1, 1897
do
do
f. A J.
do
:»r. a s.
Sept 1, 1885
do
1882 to 1904
Various
Augusta.
July 1, 1890
Balto., Farm. A Plan. Bank.
July 1, 1916
M. A N Balto., Nat. Merchants’ Bk.
After July. 1916
do
do
M. A N.
do
do
Sept 1, 1893
M. A 8.
do
do
Sept. 1, 1893
vl. A 8.
10
4.10,353
555,366
185,723
Due*
and by
payable
whom.
1
F.
M.
M.
VI.
M.
F.
F.
\r.
J.
r.
J.
8
7
8
77,000
52,000
500 Ore.
Ao.
<fee.
(fee.
Ac.
Payable
7
448,000
996,000 4, 5, e, 7
7
115,000
7
49,000
6 A 7
900,000
6
165,000
1,000
1,000
Where
When
Rate.
$150,000
1,000
1,000
1,000
1,000
1 OO
100
100
100
100
100
100
100
100
100
100
100
100
100
Principal—When
Amount
j
$2,693,750; personal, $3,831,469; total, $6,575,219. Tax rate, $35
per $),00v.
Boston.—Tho population of Boston in 1880 was 362,535; in 1870,
292,497. against 177,840 in 1860. The total funded debt April 30,
1881, was $40,949,372,and net debt, $26,005,620. The tax levy in 1881
is divided as follows: State, $619,110; county, $260.000: city. $8,178,282. The rate on $1,000 in 1889 was as follows: State, 86 cents;
county, 27 cants; city. $14 07; total, $15 20, against $12 50 in 1879.
Assessed valuation on May 1 for tive years have been:
Years.
1877
1878
1879
18s0
1881
Estate.
Personal
Estate.
$481,407,200
$205,433,386
Real
440,375,900
428,786.300
437,230,600
455,382,600
*
Tax
Rate.
$13 10
184,545,700
12 80
12 50
201,858,600
210,130,300
15 20
13 90
190,070,966
Net Debt.
$27,480,524
26,159,777
20,229.066
27,842.104
26,005,620
—(V. 28, p. 145; V. 31, p. 303; V. 3.:, p. 99; V. 33, p. 93.)
Brooklyn.— The whole city debt was as follows on January
Permanent debt, $19,960.000; water loan. $11,379,500;
temporary
debt. $8,278,000; tax certificates, $3,520,000: total, $43.137,500;jess
sinking fund, $5,535,383 : net debt, $37.602,ill. Tax rate 188<‘,$26
Population in 1870, 396,200, against £>54,465 in 1880.
property and tux rate per $1,000 for live years have been:
Real.
Personal.
Years.
1,1881:
90.
Valuation ox
R*t®-
$216,481,801
$31 73
$13,111,215
taxable basis was $.'41,9.^0,638.
1878
218,373,093
14.968,911
27 00
Bangor, Me.—The loans to Eu. & No. Am. R. R. to Bangor & Pis. R. R.
220,363,499
1 2.562,500
25 50
are secured by first mortgages on those mads, and interest mostly paid
223.620,197
11,215,794
26 90
from the earnings. Valuations (near full value) and tax rate have been: I 1880
240,123,905
15,137,040
----Years.
Real Estate.
Personalty.
Tax rate.1 1831
1m78
$3,043,534
2133 The debt of Kings County, separata from the debt of Brooklyn, is
$6,598,927
22*50I about £*4,000,000. of which tho city la responsible for nineteen6,381.853
2,692.211
....
6,373,053
2,711.460
1 twentieth a. (V. 28, p. 41.)
incuts, the real
OITY
1681.]
December
SECURITIES.
IX
SatMttrlbeir* will confer a great favor by giving immediate notice of any error dLIeeovered In tbeee.Tabiee.
Date of
Bonds.
DESCRIPTION.
For explanations
see notes on first page of
Kent Avenue
Basin loan
fund bonds, continuous, local
do
do
- S’tli B’klj
Assessment lund bonds, continuous, local..
Central and Knickerbocker av. sewer bonds..
Boulevard bonds
Heweraxe
certificates
Buffalo, A. r.—Funded debt bonds
Temporary tax
Buffalo & Jamestown Railroad
Buffalo New York A Philadelphia
Railroad...
works l>onds
bonds, coupon
Park bonds (Act May 17, 1875)
Water
Water
1868
$1,000
1878-9-80
1,000
1876
1870
1873
1,000
1,000
L873 to ’75
1871 to ’73
1868 to/70
1876
1876
1876-77-78
1878
1,000
1,000
3,520,(MM)
2,090,250
1.000,(XX)
1,000
1,000
700,(MM)
2,7.‘9,382
1(X),000
100,000
704,032
50,000
2 5,000
1,000
6769738811 778811
Tax loan bonds
Water bonds, leg
Bonds, coop, or reg
Bends, water, Ac., coup, or reg
1000 Ac
188o
1,000
1858 to ’63 500 Ac
1864
1,000
1863
1,000
1856 to 76 500 Ac.
500 Ac.
1873-74
1874-5
500 Ac.
1866
1,000
1866 to 77 500 Ac
1865
1,000
1867 to 75
1,000
1869-71
1,000
1879-80
.
Cambridge, Mass.—City bonds
City bonds
do
do
do
do
.<
Water loan
do
do
do
do
..
..
Charleston, S. C.—City stock
1853 to ’54
City bonds, coupon
1866
Fire loan bonds* coupon
Conversion bonds, to redeem past-due debt...
coup, or reg
Chelsea, Mass.—Funded debt, coup
Funded deb t, ooup
do
Water loan, coup
•
•
•
m
•
•
Chicago—Water loan
Water loan
Sewerage bonds
»
•
•
•
•
•
•
•
m
m
m
m
•
•
bonds
m
Municipal bonds
m
m
774,000
55,000
485,000
162,000
134,350
*
51,500
228,200
500,000
•
1,000
1,000
1,000
1,000
500, Ac
8,482,200
149,000
1,170,000
100,000
200,000
831.500
1,000
3,625.000
500 Ac
2,133,000
490,000
2,608,000
186,(XX)
2.536.500
843.500
4.941.500
750,000
210,000
250,000
300,000
1880
;
*
100,000
150,(MX)
1.597,(XX)
689,000
514,000
100,000
100 Ac.
mmm
..
River improvement
•
•
*
150,000
99, (MX)
....
1879
do
do
*
....
1,000
+
1,000
....
500 Ac.
Municipal and Soliool bonds
1881
1865 to’80 500 Ac.
1,000
Cincinnati- Loans to Railroads.F,A, G,H,I& M 1843 to ’54
1855
Bonds to O.A M. RR. to purchase wlif. prop.N
1,000
1868
Bonds for erection of a Workhouse
1,000
1868
Bonds for Water Works... i
C2A03
1,000
Bonds for Common School purposes
1,000
P 1860 to ’61
1855
Bonds to O. A M. RR. to purchase whf. prop. .N
1,000
500
Ac.
Bonds for ext. ana irapr. Water W. .C, D. A E 1847 to ’50
Bonds for funding floating debt
A2 1847 to ’48 500 Ac
Bonds for new Hospital
1,000
8&S2 1867-’08
1853
Bonds for funding floating debt
1,000
L
1853
Extension and improve. Water Works.. .K AF
1,000
1858
Bonds to purchase Orp’n Aayl. grds. for park.O
1,000
Bonds for sewerage
1869
1,000
lx
1869
Bonds for improving Gilbert avenue
1,000
U
Bonds to build Eggleston avenue sewer... .B3
1869
1,000
1871
Bonds for improvement
W
1,000
Bonds for Water Work purposes
1,000
C4&C5 1871-72
General improvement
1871
,W2
1,000
1872
500 Ac.
Cincinnati Southern RR
do
do
1872
1,000
500 Ac.
do
do
1876
($3,200,000 are gold 6s)
do
1879
do
1,000
;.^....
1874
1,000
Floating debt bonds, coupon
Park improvement
1875
1,000
Water-works bonds
1875
Dl
1,000
Bonds for McLean Ave. sower
U2
1,000
1876
Hospital bonds
Street improvement) bonds, short
1876-77
1880
Oonsol. s. f. bonds, 80-50 yrs. (Act Apl. 9, ’80.
1,000
100 Ac.
1881
Deficiency loan (redeemable after 1891)
Cleveland— Water works ($200,000 are 6 p. ct.). 1856 to 76
Funded debt ($203,000 6s, $32,000 5s)
1869 to NO
Lake View Park
1872 to 74
j
Canal and canal lock ($11,000 are 6h)
1874 to 79
School ($294,000 are 6 p. ct.)
1868 to 71
House of Correction
#
1868
Refunding loan
.
Cook County debt
.
.
u
.
•
•
•
•
•
•
•
•
•
•
•
136,000
600,000
576,000
8,362,000
4,981.000
1,844,000
1,000,000
50,000
300,000
175,000
50,000
395.291
7
4, 5, 6. 7
7
7
6 A 7
500,000
1,200,000
1,758,000
315,000
275,000
350,000
184,000
..
|
Principal—When
Where Payable and by
Payable
Wiiom.
A J.
Brooklyn.)
J.
J.
J.
J.
J.
J.
A J.
A
A
A
A
do
do
J.
J.
J.
J.
do
do
do
Due.
rs
| £2
1882
.
p
J
|
>
j
:-^CQ
i §3
1
|j
n
i
O
....
3 years from
1-82
3 years trout
18M2
date.
date.
1883
1881-2-3
Various
Buffalo .and New York.
1*81 to 1895
Various
Buffalo.
1893 to i895
1881 to 1893
Various
Buffalo and New York.
do
1880 to 1926
Various
do
J. A J.
N. Y., Gallatin N. Bk.
July 1, 1896
Prior to 1936
M. A 8
Buffalo A New York.
do
do
5,6 A 7 J. A J.
July, 1881-’83
do
5
M. A S.
do
Sept 1, 1898
1899 A I960
Various
do
do
4 A 5
4
A
do
do
M.
S.
Sept 1, 1904
5
Various Boston, Bank Redemption.
1880 to 1889
do
do
5
A. A O.
April 1, 1889
6 g. J. A J.
Jan. 1, 1893
Boston, Tremont Bank.
6
J. A J. Boston, Bank Redemption. Jan. 1,1881 to ’96
Jan. 1, 1903-4-5
6
do
J. A J
do
do
A. A 0.
do
6
Apr.A Oot. l,’84-6
do
do
6
J. A J.
July 2, 1886
do
6
do
July 1,1881 to '97
fJ. A J
do
do
6
F. A A
Aug. 1, 1883
do
6
A. A O.
do
Apl. 1, 1887-1396
M. A N.
6
do
do
May, 1889-1891
1868 to *98
6
Charleston.
Q.—J.
do
1883 A ’84
6
Various
1890
do
J. A J.
7
do
1888 to 1807
7
A. A O.
do
Jan. 1. L909
4
J. A J.
1879 to 11-83
A. A O. Boston, N Bk. Redemption
51q
1879 to 1895
do
do
6
Various
do
do
Feb 17,1883
F. A A
7
do
do
F. A A
6
Aug. 1, 1887-*95
1881 to *98
6
J. A J. N. Y- Am. Ex. Nat Bank.
do
do
7
J. A J.
July 1, ’82 to *95
1881 to ’95
do
do
J. A J.
7
do
4
J. A J.
do
July 1, 1900
do
do
1890 to ’95
J. A J.
7
do
do
6
J. A J.
July. 1895 A *96
do
do
1885 to '99
7
J. A J
1901
4
do
do
4*2 to 7 M. A N. N. Y., Metropolitan Bank. May l,18*5-*92
1882 A ’84
Varioiio N. Y., Am. Exchange Bank.
6
do
do
M. A N.
6
Nov., 1885
do
do
7 3-10 J. A D.
June, 1888
do
do
1888 A 1889
7 3-10 Various
do
do
J. A J.
6
Jan., 1890
do
do
M. A N.
Nov., 1890
6
do
do
A. A O.
6
April 1,1895
do
do
M. A N.
March, 1897
6
1897
do
do
7 3-10 Various
do
do
J. A J.
6
Jan., 1900
do
June A Oct., 1900
Various
do
6
Cincinnati
M. A S.
6
March, 1908
7 3-10 M. A S. N. Y., Am. Exch. Nat. Bk.
Sept., 1899
do
do
7 3-10 M. A S.
Sept., 1899
do
do
Oct, 1899
7 3-10 A. A O.
do
March 1,1886
do
7 3-10 M. A S.
do
do
F. A A.
7
Aug., 1886-’97
Dec. 1,1891
do
do
7
J. jA D.
do
do
J. A J.
7
July 1, 1902
do
do
7 3-10 J. A J.
July 1, 1902
New York or London.
May 1. 1906
6g. or 7*3 M. A N.
M. A N. N. Y., Am Exch. Nat B’k. Nov. 1, 1908**09
6 A 7
do
do
; M. A N.
May 15,1904
7
do
Jan. 1, 1896
do
J. A J.
7
do
do
7
F. A A.
Amr.,’85. ’90 A’95
do
do
M. A N.
5 A 6
May 1889-1900
do
do
May J, 1906
M. A N.
7
1,337,000
....
....
99,000
195,000
397.500
146.500
750,000
60,000
175,000
100,000
150,000
150,000
100,000
450,(MM)
•
•
4,5,7
842,000
•
1878-9-80
1853 to’75
7
$232X)00
1,725,000
100,000
3,530,(XX)
418,000
1,000
1,000
1877-^-9
When
Rate.
Value.
tables
jBronJclifiv—{Continued )—
INTEREST.
Amount
Size or
par
®
7
7
7
7
6
e
’
•
1880 to’83
M. A N. N. Y., Am. Exch. Nat. Bk. After May 1, 1910
do
do
June t, 1901
J. A D.
1881 to *95
Various N. Y„ Am Exch. Nat Bk.
1883 to’94
do
do
5, 6 A 7 Various
1881 to’92
do
Various
do
7
do
1894 to ’96-’9S
do
6 A 7
Various
1881 to’88
do
do
Various
6 A 7
do
1883 A '84
A. A O.
do
7
5
4
6 A 7
.
-
i
Buffalo.—In 1875
real
and
person;il
property was
assessed
$39,968,105: in 1876 rule of valuation changed and assessment
$111,995,905. Since that date valuations have been:
at
was
*
Equalized Value.
Real Estate.
Years.
Tax:
.
Personal.
Rate,
$36315,718
$24 08
32,317,615
27 40
Years.
28 60
27,561383
Real estate.
Personalty, per $1,000.
26,817,>-06
28 60
$91,130370
$8,844,705
$12 43 1880
28,101,678
80,929,165
7,947,380
17 60
Buffalo also pays 7-10 (being $712,390) of Erie county debt. Coupon The assessed value of real estate is about one-half of its true value.
bonds are exchangeable for registered. Population, 154,766 in 1880; Population iu 1870 was 306,605, and in 1880,503,298. The South Park,
West Chicago ±'ark and Lincoln Park loans are not debts of the Oity,
'
117,714 in 1870. '
but of aistinct corporations.
(V. 28, p. 223; V. 31, p. 652.)
Cincinnati.—In addition to the issues above named there remains
Cambridge, Mass—The sinking funds amounted to $605,281, Novem¬
ber, 1879. The investments are nearly all in city bonds at par and several smaller amounts, as follows: $108,000 5s, November, 1884;
stamped 44 not negotiable. Only $52,000 debt matures before 1881. $56,000 (YY2, & O.) 6s, 1886-88; $17,000 6s (Q.), November, 1890;
Tax valuation, 1875, $66,623,014; 1877 $55,000,000; 1879, $49,238,- $27,000 6s (A.), March, 1897; $50,000 (H2.). August, 1897. City liolds
698. Total debt, November, 1879, $3,254,000. Population, 52,860 in $950,000 of Cincinnati Southern bonds in sinking funds. In 1870 the
population was 216,239, against 255,804 in 1880. The following table
1880; 311,634 in 1870.
from the books of the Auditor of Hamilton County, Ohio, exhibits the
Charleston, S. C —The bonds of Charleston arc mostly held within the assessed valuation of the city of Cincinnati in the year 1860, and from
$131,222,460
*
116,082,533
104,420,053
91,152,229
89,031,955
Tax Rate
•
.
State of South
Carolina.
exchange for city stock.
°
*
-Population,
bonds
Real
Estate.
Years.
1830
Conversion
of
1879
are
issued in
Assessed valuations and tax rate have been:
Personal
..$18,669,623
18,313,450
3 7,137,255
15,017,595
49,027 in 1830; 48,956 in 1870.
Rate of Tax
Property.
$7,922,155
8,108,706
6,272,458
6,555,864
per
$1,000.
$22 50
22 50
20 00
25 00
1870 to 1879:
Years.
3 860
3 870
1872...,
Chelsea, Mass.—Sinking fund, January 1, 1880, $123,304, and cross
debt, $1,661,800. Tax valuation, 1879, $15,377,402; tax rate, $19 80.
Population, 21,780 in 1880; 18,647 in 1870.
Chicago.—The
net funded debt January 1, 1881, was $12,752,000.
/be city debt is limited to 5 per cent of the Illinois State valuation.
YJ /be funded debt, $4,248,000 is on account of the Water Works, which
yxhl an income much
above the interest
charge on the debt.
Real
Estate.
$61,620,904
Personal
Estate.
$33,411,912
129,043,880
57,370,754
56,934,044
55,462,410
64,166.460
58,708,284
58,521,730
56,809,066
43,830,188
131,272,619
38,033,016
78,736,482
3
23,427,88$
319,621,856
121,479,280
323,231,790
125,976*635
127,143J)00
Total
Valuation.
$93,032,716
136,107,236
180,361,932
175,084,296
185,645,740
181,950,074
184,498,565
183,952,966
179,430,142
172.874,068
169,303,635
_
Tax per
$1,000.
$17
31
22
20
23
23
28
27
29
45
60
20
16”
06
38
82
04
10
28 54
26 37
city is the sole owner of the stock of the Cincinnati Southern Rail
roan, leased as per terms, V. 33, p. 281, and with the waterworks ana
other property owns real estate assets put at $35,775,000.
In 1880
tax rate was $31 per $1,000, and in 1882 wTill be $22 50.
(V. 29, p. 17 ;
V. 30, p. 465, 566; V. 32, p. 526.)
The
Subscribers will confer a
Date of
For explanations see
Size
bonds.
notes on first page of tables.
Des Moines, Iowa—Renewed judgm’t
Funding bond fund
A loan I'd.
Detroit, Mich— For Water W.Co., on city’s credit
Public Building stock (City Hall) bonds
Public sewer bonds ($40,000 are Os)
Bonds for
purchase Belle Isle
Elisabeth, N. J".—Improvement
bonds
Funded debt bonds
School House bonds
Market House bonds
INTEREST.
Amount
er
outstanding.
par
value.
Cleveland—(Continued)—
Various.
Main sewers, special assessment
Street improvem’ts do
Street damages, Ac., do
1876-77-78
Infirmary and River dredging
Viaduct (mostly F. & A., A. & O. and J. & D.) 1873 to '78
$416,500
$....
462,500
710,000
103,000
2,138,000
1,000
1,000
1,000
1,000
1875
1878
1855 to '76
1859 to '71
1872 to '76
1879
1871 to'74
1870 to'75
1872 to '73
1865 to '66
1875-’76
Tax arrearage
bonds
Evansville, Indiana.—E. II. A N. RR.
_
1,000
1,000
1,000
1,000
1,000
City wharf bonds
.
E. C. AP. RR. bonds
do
do
Water works bonds
Redemption bonds
do
do
do
do
do
do
■
do
do
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1868
1869
1870
1870
1870
1876
1876
1877
1878
1881
bonds —
Full River, Mass.—City notes
•
City bonds
•
•
T -
*
300,000
105,000
100,000
100,000
100,000
280,000
250,000
600,000
400,000
200,000
372,000
1,000
1,000
1,000
Water loan
1,000
1,000
do
do
Water loan
do
Galveston, Texas- Bonds for various
1873
1871
1875
purposes... 1869 to '75
1,000
1,000
m
pa sa
«
1873
1876
100 Ac.
Hartford, Conn.—Water bonds
1,000
1,000
1,000
1,000
1,000
1,000
.»
City bonds (H. P. AF. RR )
Park bonds (4 of these bonds are for $500 each)
Funded debt
Capitol bonds
130,000
130,000
205,000
271,000
250,000
226,500
155,000
■
■
...
1871-’74
Holyoke, Mass.—City notes
City bonds, sinking fund
1874
1,000
1872
1,000
1873
1,000
do
Railroad loan
($60,000 are J. A J.).
500
1869 to ’70
Indianapolis—Bonds to railroads
1877
1,000
Bonds to Un. RR. Tr. Stock Yard (mortgage).
1873
1,000
Loan bonds, series A
1874
1,000
do
do
B
1874
1,000
do
do C
1875
1,000
do
D
do
500
1874
Purchase-money bonds—Southern Park
1,000
Jersey City—Water loan bonds, mostly coupon. 1852 to '67
1869 to '73
1,000
Water loan bonds, mostly coupon
1877
1,000
do
do
do
1873
1,000
Forty-year bonds
500 Ac.
1871
Improvement bonds
1872 to'76
1,000
do
do
1870
1,000
Morgan street dock
1872
1,000
Funded debt bonds
Various.
1,000
Old Jersey City bonds, coupon
Various. Various
Hudson City bonds
1869
1,000Ac
Bergen school loan bonds
1869
1,000Ac
Bergen street improvement bonds
Various. Vari ous
do
bounty loan
Various.
500 Ac.
Greenville street improvement bonds, Ac
*
130,000
300,000
1,000,000
1,250,000
T878-’79
Hartford town debts to railroads
do
do
war
do
funded debt
Water loan
50,000
400,000
300,000
100,000
418,200
408,600
35,000
414,000
475,000
202,000
200,000
500,000
1,000
1877-8-9
Limited debt bonds (sinking fund 2 per cent).
Bonds to purchase blk. 321
Galveston County bonds, G. C. A 8. F. RR
Water bonds
do
850,000
1872
Fitchburg, Mass.—City notes
City bonds
,
300,000
lOOOAc.
do
do
•
200,000
1,000
Large.
•
do
500,000
300,000
300,000
300,000
200,000
109,500
-
1,163,000
3,109,800
•
Assessment funding bonds
Revenue bonds, coupon or
registered
Temporary loan
Bonds to fund floating debt. Ac., coup, or reg.
Bonds to pay maturing
bonds
416,000
622,000
1,869,000
2,161,500
125,000
500.000
844,400
162,550
150,000
400,000
73,000
85,000
1850
....
and street opening bonds
and redeemed by assessments on the
property benefltted. Assessed valuation, tax rate, debt and sinking
funds have been:
Real
Personalty.
Years.
$71,296,122
1878
'
70,139,639
70,548,104
Tax per
.—Total Bonded Debt—.
$1,000.
General.
$6,061,000
6,678,000
18l5o0
171720
15i20
6,201,000
Special.
$2,993,164
2,606,100
2,390,100
Sinking
Funds. Ac.
$2,109,357
1,816,690
2,267,934
—Population, 155,946 in 1880; 92,829 in 1870.
Des Moines, Iowa.—Assessed value of property, $5,104,240, which is
about 50 per cent of true value. Tax rate, $5 per $100.
Detroit, Mich.—The population in 1870 was 79,601; in 1880,116,027.
The value of water works is $2,559,259, against a debt of $1,400,000.
The water works bonds are issued on a pledge of the city credit, and
$75,000 peryear collected in taxes to pay int. on them. Assessed valua¬
tion, in 18/9-80—real property, $63,981,315; personal, $19,216,725;
total, $83,198,040, which is made on the basis of true value. Tax rate,
$1*03 per $100.
Elizabeth, N. J.—Default was made in interest Feb.
bonds are pending. Total bonded and floating debt in
1,1879. Suits on
1881 estimated at
$5,400,000, and accrued interest to July 1, 1881, at $972,000. Esti¬
mated true value of real and personal property is much over the assessed
valuation of about $12,000,000 (see V. 32, p. 612). Population in 1880,
28,243; in 1870,20,832. Assessed valuation, tax rate per $1,000 and
debt have been:
Years.
Realty A Personalty. Tax Rate.
Debt.
1876,
$16,250,805
2*68
$4,900,000
2*50
15,289,888
5,130,000
5,380,000
14,614,918
356
11,530,031
212
5,400,000
—V. 30, p. 589; V. 31, p. 122; V. 32, p. 231, 253, 312, 368, 420, 612.)
Evansville, Ind.—No floating debt. Assessed valuation (true value),
tax rate per $1,000 and debt have been:
Real Estate.
Personalty.
Years.
$14,566,955
12,381,475
12.919.360
$5,086,315
4,926,350
5,232,645
Tax.
$11 40
15 00
15 00
Debt.
$1,551,000
1,551,000
1,651,000
do
do
do
do
do
do
do
do
do
July 1, 1895
April 1, 1906
May 15, 1906
June 1, 1907
April 15,1908
City Treasury.
Various
do
Various
Boston, Revere Bank.
F. A A.
M. A N. Boston, Bank Redemption,
do
do
M. A N.
do
do
M. A N.
do
do
F. A A.
M. A N.
City Treasury.
J. A J. Boston, Merchants’ Bank
do
do
J. A J.
do
do
J. A J.
Galveston.
Various
do
M. A S.
5 g.
6
6
6
6
7
6
6
6
10
8
8
10
M. A
8.
May 1, 1893
May 1, 1899
Dec. 1, 1890
Dec. 1, 1895
L. A Tr. Co.
■
....
5, 6,7
Feb. 1, 1911
1881 to 1888
1881 to 1891
Aug. 1, 1894
May 1, 1895
Nov. 1,1879-1890
Nov. 1,1892-1906
Aug. 1,1899-1905
Nov. 20,1882
July 1, 1893
July 1, 1891
July 1,1895-1906
do
1881 to'91
1907-1909
1
1893-1902
1906
N. Y., Bk. of New York.
A J.
Phmnix Bank, Hartford.. July 1,1890-95
A J.
Aug. 1. 1900
F. A A.
City Treasury.
June 1, 1904
do
J. A J.
June 1, 1891
Suffolk Bank, Boston.
J. A J.
Aug. 1,1882 A’84
F. A A. Merchants’ Bank, Boston
Jan. 1, 1893
J. A J.
City Treasury.
Jan. 1, 1897
do
J. A J.
Town Treasurer.
J. A J.
do
$10,000 yearly.
T. A J.
do
J. A J.
1881 to 1886
City Treasury.
Various
Oct. 1,1889
do
A. A O.
Jan. 1,1900
do
J. A J.
Jan.AApr.l, 1894
do
A. A O
Jan. 1, 1889, to’90
Jau.
City Treasury.
Jan. 1, 1897
N. Y., Winslow, L. A Co.
J. A J.
July 1, 1893
do
do
J. A J.
July 1, 1893
do
do
J. A J.
July 1, 1894
do
do
J. A J.
July 1, 1895
do
do
J. A J.
Jan. 1, 1899
do
do
J. A J.
J. A J. N. Y., Meroh. Ex. N. Bank. Jan., 1882 to’95
1899 to 1913
do
do
Various
July 1,1907
do
do
J. A J.
July 1,1913
do
do
J. A J.
May, 1891
do
do
M. A N.
1892 to 1906
do
do
Various
June 8, 1900
do
do
J. A J.
May 1,1897
do
do
M. A N.
1881-’90
do
do
Various
’84-’85-’89A1900
do
do
Various
Jan., '98 to 1900
do
do
J. A J.
July, 1889
do
do
J. A J.
1884 A 1889
do
do
Various
1881-1886
do
do
J. A J.
1905-1906
Various N. Y., Merch. Ex. Nat. B’k.
June 1, 1886
do
do
J. A D.
J.
J.
6
6
5
6
6
6
6
4^
6
6
6 A 7
6
6
7
6
6
73
7-3
73
7-3
7*3
6
7
•
6
7
7
7
7
7
6 A 7
7
7
7
7
7
1,353,000
450,000
for special local improvements,
A *N. N. Y., Farmers’
do
A N.
do
A D.
do
A D.
do
A J.
do
A O.
do
A N.
do
A D.
do
do
"
F. A A.
M.
M.
J.
J.
J.
A.
M.
J.
7
7
6
6
6
7
140,000
1,000
....
7
7
7
7 3-10
.
7
6
6
6
due.
1881 to ’92
Various N.Y., Amer. Exch. Nat. Bk.
1881 tQ.’84
do
do
Variom
1881 to’86
do
do
Various
1881-’82-*83 to'87
do
do
Various
1893 A 1907
do
do
Various
July, 1885
J. A J. New York, Kountze Bros.
July, 1888
do
do
J. A J.
1881 to 1906
Various N. V., Metropolitan N. Bk.
1881 to'91
do
do
Various
1892 to'94
do
do
F. A A.
1899
do
do
1879 to ’81
V arious
City Treasury.
1S81 to '95
do
Various
1881 to'93
do
Various
1879 to'86
do
Various
1885 to '96
do
A. A 0.
*7*
400,000
Cleveland—The sewer, street improvements
are
7
7
7
7
6 A 7
4 ”
7
7
7
7
7
900,000
1875-’76
1876
1878
1879
6
5, 6 A 7
Principal—When
payable and by
whom.
payable
5, 6 A 7
5, 6 A 7
5, 6 A 7
175,000
1,400,000
600,000
340,000
100,000
254,500
736,000
90,000
66,000
2,471,000
698,000
241,000
250,000
100,000
96,000
Where
When
Rate.
229,000
18071879.778811
Consolidated improvement bonds
Funded assessment bonds...
discovered in these Tables.
Immediate notice of any error
great favor by glring
DESCRIPTION.
[Vol XXXIII.
SECURITIES.
CITY
Demand,
F. A
A. N. Y., Merch.
do
Ex. Nat. B’k.
do
....
Feb. 1,
’
1909
1910
Jan.1,1880
Mass.—'The sinking funds amounted to $281,000,
including water debt, $3,186,000. Population, 48,626 in
1880; 26,766 in 1870.
Fitchburg, Mass.—Sinking fund, $101,000. Total net debt, January,
1880, $737,283. Population, 12,270 in 188 J; 11,260 in 1870,
tion, tax rate per $1,000, Ac.:
__
„
Years.
Real Estate. Pers’l Prop’ty. Tax.
Debt. Sink’gFd.,Ac.
15 80 $896,395
$8,034,325 $2,633,994
Fall River,
Total debt,
Valua¬
Galveston,
$118,382
138,441
158,703
which is
park 8s, due 1892-1902, and
aud personal
900,000
2,373,872
16 20
2,208,818
17 80
895,803
ef real estate is about the cash value.
Texas.—The total city debt is $865,500, all of
1878
7,197,125
1879
6,820,575
—The assessed valuation
except $35,000
Assessed value or real
property,
1878, $17,000,000. Tax rate, $1 25 on $100. (V. 25, p. 283.)
Hartford, Conn.—Total debt, April, 1880, $3,032,000; pet, after
deducting resources, $2,199,768. Assessed valuation in 1878, $44,001,*
245. Population, 42,569 in 1880; 37,180 in 1870. (V. 28, p. 599.)
Holyoke, Mass.—Bonds all coupon, but can be registered. Sinking
funds, $45,500. Total net debt, January. 1880, $952,500. Tax valua¬
tion, 1877, $9,399,820. Population^ 21,961 in 1880; 10,733 in 1870.
Indianapolis.—The School Board is a distinct organization and levies
its own tax, which is included in tax rates. There are a few other
small issues about $50,000. Valuation and tax perc$l,000 have been:
Years,
Real Estate.
Personalty. .
Tax.
Total.
10 per cent currency,
the limited debt bonds.
$11,825,645
$£5,367,245
$U 20
10 80
10,873,575
50,029,97o
9,813,705
48,099,940
9 30
1880...
1070
10,930,021
50,030,271
—Population, 75,077 in 1880; 48,244 in 1870.
Jersey City .—One of the main eauses of the temporary embarrassment
of Jersey City is found in the failure to collect back assessments ana
ine
in the immense value of railroad property exempt from taxation.
Comptroller, in Feb., 1881, made the following statement in his report.
Total taxes overdue Feb. 1, less 1881, deductions
a’oem 110
$43,541,600
39,156,400
38,286,235
39,100,250
Total assessments due and unpaid.
Of these, $5,248,151 was estimated to be
The total debt of the city February, 1881,
collectible.
was
.
,.
_
$16,007,315; sinking
December,
Sobgcribew will confer a great
xi
SECURITIES.
CITY
1881. J
favor by giving Immediate notice of any error
dlicorered in thwe Tables.
INTEREST.
Date of
Bonds.
DESCRIPTION.
For explanations see notes
Kansas City,
Bonds
Bonds
Lawrence,
Mo
on first page of tables
1859 to’64 5000&C
1862 to ’75 5000&C
1874
1,000
1873-’75 50u &c.
do
Water loan
Lewiston, Me— City bonds ($25,000 each year).
City bonds ($50,000 each year)
&o
($110,000 due 1885, $210,000 1891)
Lewiston & Auburn Railroad
Water bonds
Louisville, Ky.—For Jeffersonville RR.
Subscription to stock of L. & N. RR
Water works
do
For improvement
1852
1853
1857 to’67
1873
1866 to’67
1873
1871 to ’73
1853 to ’69
1868
1871
1868 & ’73
stock
—
of streets
Re-constructing street
Public buildings and institutions
Public school and school houses
Sewer bonds
do
Elizabeth & P. Railroad
Wharf property
Jail bords
For old liabilities
do
’54,’62,3, 8
1868
1869
1871 to ’74
'
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
00
1871
Louisville, New Albany & St. L. Air Line RR.
1871 to’73
Road bed, Louisv., Cin. A Lex. RR
to ’63
City bonds nayable by Louisv. A Nash. RR... 1851
000
1880
Ola liabilities (half are 10-40 and half 20-40).
1852 to ’75 Large.
Lowell, Mass.—City notes
1871 to’76 Large.
Water notes
1870
Water bonds
Large.
Lyiin, Mass— City notes
187<V3-’5
1871-’4-’6
water notes
Water bonds
Funded debt
Large.
852,000
117,782
74,000
133,000
262,000
1,300,000
25,000
100,000
320,000
224,000
500,000
136,000
372,000
1,302,000
56,000
190,900
600,000
650,000
178,000
81,000
423,000
1,981,000
267,000
134,000
77,000
513,000
485,000
350,000
1,408,000
1,000,000
481,000
500,000
1,300,000
175,000
121.500
1.000
1862 to’76 500 Ac.
1857 to’67
City Hall and School House
Manchestei', N. H.—Citj bonds
City bonds ($70,000 1884,
1,000
1874
1872
1867, ’8, ’9 500 Ac.
1870
1,000
.
Funding loan, gold
Mississippi River Railroad bonds
Endorsement Memphis A Little Rock RR
Compromise bonds, coupon
Milwaukee, Wts.—Re-adjustment bonds
General city bonds
do
Water bonds, coupon.
do
registered
do
1877
1861
1871
1876
1872
1872
*
Minneapolis, Minn.—City bonds
City bonds
do
Western division
do
do
do
do
?
Publio school bonds
Clinton Hill bonds, coup. & reg. (s. fd. 3 p. c.).
Corporate bonds, coup, or reg. (act Apr. 21,’76)
Sewer and improvement bonds (local liens). .
Aqueduct Board bonds.
bonds
Mass.—City bonds
,
New Haven, Conn—Sewerage
City Hall
Railroad ($20,000 payable yearly)
City bonds (10-20 bonds)
For Derby
1875
1878-’80
1871-’79
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1876-’77
1861~’74
1875
10,000
1,000
1876
1,000
1867 to ’76
1,000
1872-’74
1,000
City improvement
War loan
Water bonds
do
do
500
500
500
1881
1870 to’80 100 Ac.
1871
1861
1867
1877
1,000
1,000
1,000
1,000
Taxable
Years.
429,000
250,000
70,000
50,000
60,000
124.500
110,000
115,000
125,000
(?)
1,425,200
44,000
1,840,000
500,000
400,000
1,200,000
2,500,000
3,030,000
1,331,000
55,000
223,000
108,000
100,000
400,000
200,000
499,000
60,000
160,000
150,000
Population in 1880, 116,673, against 85,000 in
valuations and tax rate per $1,000 have been :
Real Estate.
Personal Prop.
Tax Rate.
$54,601,206
54,505,470
$5,940,296
5,790,119
5,513,6
1,171,000
funds, $1,164,682.
1870.
6
387.500
44,200
117.500
80,000
70,000
242,000
100,000
1,000
Nashville, Tenn.—Various city bonds
Newark—Bonds, city purposes (s. fund of 1859)
War bonds, floating debt, Ac. (s. fund of 1864)
Tax arrearage
500 Ac.
500
500
500
Mobile— Funding bonds
IJew Bedford,
1,000
1,000
1,000
1,000
1,000
10,000
1,000
1,000
6
C,7
6,7
5, 6
6
„
i*857
6,6is
450,000
341,000
60,000
300,000
900,000
304,000
$25 40
23 60
Various
Various
J. A J.
A. A O
J. A J.
A D
Kountze Bros,
do
do
-
Boston, Tremont Bank,
do
do
do
do
do
do
July 1,1894
Oct. 1, ’90, to 1906
City Treasury and Boston
do
A J
do
A J
do
A. A O.
N. Y., Bank of America,
A. A O.
do
do
A. A O
do
do
Various
do
M. A 8.
do
Louisville.
Various
N. Y., Bank of America,
J. A J
do
do
Various
Various New York, U. 8. Nat. Bank.
J. A J. Louisville, City Treasurer.
N. Y., Bank of America.
J. A D.
do
do
Various
Various
A. A O.
J. A D.
Various
1890 A ’97-1901
1880 to ’97
1880-’81
1879-1884
1880 to 1892
Louisville and New York,
do
do
do
do
do
do
N. Y., Bank of America.
do
do
New York and Louisville.
N. Y., Bank of Amorica.
July 1,1882
June 1,1883 A’88
July 1,1885A1901
July 1, '93-1913
0ct.l,’97-1907-’17
April, 1882
April, 1883
1887, ’89, 97
March 1,1883
1886,’ 96, ’97
July 1, 1903
1891,’92 A 1903
1883 to ’89
July, 1898
June, 1901
-
1888 A 1903
1883 to 1898
Oct. 1, 1898
1889
1894 A 1901
Sept., 1891
M. A 8.
July, 1901 A 1903
J. A J.
1886 to’93
Various
Mav 1, 1920
M. A N.
1879 to 1894
Various
City Treasury,
1886 to 1894
do
Various
Nov. 1,1890
M. A N. Boston, N. Bk. of Redemp.
1887 to 1890
Various
City Treasury,
1885 to 1890
do
Various
J. A J.
July 1, ’91-’94-’96
Boston, Bank Republic.
1879 to 1896
Various Treas’y A Bost. Bk. Repub
1882 to 1896
do
do
Various
Jan. 1,1880-1894
J. A J.
City Treasury,
do
A. A O.
April 1,1884-'85
May 1, 1893
Suffolk Bank, Boston,
M. A N.
do
do
July 1,1890 A'95
J. A J.
1887-’92-’97-1902
J. A J.
City Treasury,
do
July 1,1880 to’85
J. A J.
do
F. A A.
Aug. 1,1879 to’87
1873 to 1902
J. A J.
Memphis.
1873 to 1900
\
is7
6
5
7
7
7
7
8
8
8
10
8
7
8
7
3-to
6
6 A
6 A
7
7
5 A
7
7
7
6
6
5
5
6
7
7
6
6
5
Whom.
do
dO
5*a
Due.
Payable and by
New York,
6 A 7
6
6
6
6
'
6
6
5
6
6
6
7
6
7
7
6
6
7
7
6
6
6
7
7
7
6
5
5 to 7
1,300,000
Where
Payable
8
10
400,000
32,000
29,500
100 Ac.
1867 to ’68
Memphis, Tenn.— School and paving bonds
When
7
200,000
100 Ac.
100 Ac.
1,000
’85)
Rate.
6
6
6
6
6
5
6
$10,000 1885)
do
Water bonds ($100,000 each year)
do
do
do
Sewer bonds ($8,000 1880, ’81, ’83,
Suncook Valley Railroad
Post bonds.
1,000
Prinoipal—When
Amount
outstanding.
.$385,000
-Bonds.
Funded debt
77098811
or
par
Value.
Mass.—Funded debt
do
Size
*
5
7
7
6
M. A N.
Nov., 1900
Charleston, 8. C.
July, 1872
J. A J.
1907
J. A J.
City Treasury.
June 1,1891
J. A D. Mil.A N.Y., Morton B. A Co
Jan. 1, 1901
do
do
J. A J.
June 1,1896
do
do
J. A D.
Jan. 1,1902
do
do
J. A J.
Jan. 1,1902
do
do
J. A J.
Dec. 2, 1892
J. A D. New York, Nat. Park Bank,
Feb. 2, 1894
do
do
F. A A.
do
do
May 1, 1905
M. A N.
1881 to 1885
do
do
Various
1886 to 1900
do
do
J. A J.
July,’91-’96-1902
do
do
J. A J.
Feb. 1,1891 A ’9
do
do
F. A A.
Nov. 1, 1901
do
do
M. A N
Jan. 1, 1906
J. A J. N. Y., Merchants’ Nat. Bk,
1879 to ’99
Various New York and Nashville.
1883 to'93
Various
Newark, City Treasury,
1883 to ’91
do
do
Various
do
do
April, 1888, to’ 91
A. A O.
July 1, 1895
J. A J. Newark, Mech. Nat. Bank,
1908 A 1910
Various
M. A 8. Newark, Mech. Nat. Bank, 1886, ’93 A 1909
1879 A 1892
do
do
Various
1886-’87
do
Jo
F. A A.
1880 to 1889
A. A O.
City Treasury,
1891 to 1910
do
A. A O.
1879 to 1884
A. A O.
1900 to 1904
A. A O.
1885 to 1909
A. A O.
1883 to 1909
A. A O.
Oct. 1, ’91A1901
A. A O.
City Treasury,
do
July 1, 1881
J. A J.
Oct. 1, ’79 to ’86
do
A. A O.
do
July 2,1887-’97
J. A J.
Personal Prop. Tax Rate. Total Debt. Sink.Fds.Ao
$984,729
$26,692
$6,254,544
$17 40
$9,657,690
973,007
37,347
9,777,744
7,705,706
15 00
—Population, 32,473 in 1880; 23,536 in 1870.
Years. Real Estate.
1878..
1879..
Memphis. Tenn.—The city has been in default for interest sinoe Jan.
28 00 1,1873.
The Legislature passed a bill, January, 1879, repealing the
28
00
5,343,815
city’s charter, to enable it to avoid its debts. A Receiver for the city wae
4,786,037
29 80 appointed, but U. 8. Supreme Court held such action void. The compro¬
~(V. 28, p. 173,199, 352, 454; V. 29, p. 120, 357; V. 32, p. 183, 566; V.
mise bonds were issued at 50 cents on the dollar. Assessed valuation of
33, p. 153.)
real estate, 1875, $19,329,600; personal, about $6,500,000. Tax rate,
Lawrence. Mass.—Total debt, $1,790,700, of which $20,000 are 7 per $2 per $100. Population in 1870, 40,230. (V. 28, p. 121,146, 224, 579,
cents. Sinking fund, $40,000. Tax valuation, 1879, $23,088,897; tax
657; V. 31, p. 306, 328; V. 32, p. 70, 183, 396 ; V. 33, p. 176.)
rate, $16 40. Population, 39,068 in 1880; 28,921 in 1870.
Milwaukee, TFis.—The city cannot issue debt beyond 5 per cent of ite
Lewiston, Me.—'Total debt, $1,096,100; sinking fund, $90,410. The
railroad bonds were issued to build the Lewiston A Auburn Railroad, average assessed value for five years. In 1880 valuation was $56,857,854.
which is owned by the cities of those names. Assessed valuation, 1877, Sinking funds are provided for all the bonds. There is also about
$11,740,602; tax rate, 20 mills on the $1. Population, 19,076 in 1880; $47,000 scrip issued to settle old railroad bonds. Population, 115,702
in 1880; 71,440 in 1870.
(V. 23, p. 622.)
13,600 in 1870.
Louisville.—The funded debt, Jan. 1,1881, exclusive of loans payable
Minneapolis, Minn.—Total debt, $1,101,000; tax valuation, 1879,
by railroads, was $8,812,000, against $8,072,000 Jan. 1,1880. The sink¬ about $24,000,000; tax rate, 14-85 mills; bonds all coupon. Population,
ing funds on Jan, 1, 1881, amounted to $4,783,922. Population by cen¬ 48,323 in 1880; 13,036 in 1870.
sus of 1870 was 100,750, against 126,556
in 1880. The following
Inter¬
Mobile.—The valuation of property is about $13,000,000.
figures give the assessed property valuation: 1875, $75,536,812; 1876,
$71,849,772; 1877, $68,522,947; 1878, $63,194,487; 1879, $64,018,242; est was in default from July, 1873. A settlement with bondholders was
offered by act of March 9,1875. In Feb., 1879, the Legislature repealed
1880, $66,209,440.
Lowell, Mass.—All the notes held by savings banks. Water loan sink- the charter of the city. In Oct., 1880, bondholders offered to take new
ng fund, $215,000; other sinking funds, $226,725. Population, 59,340 25-year bonds, bearing 3 per cent for 5 years, 4 per cent for 15 years,
ml880; 40,928 in 1870. Assessed valuations (about 80 per cent of and 5 per cent for 5 years. Population, 29,166 in 1880; 32,034 in 1870.
(V. 29, p. 278, 374; Y. 31, p. 328.)
true value), tax rate per $1,000, Ac., have been:
Years.
Real estate.
P’sonal Prop. Tax Rate.
Debt. 8. fund, Ac.
Nashville, Tenn.—At the close of the fiscal year, September 30,1880,
$27,072,779 $12,334,953
$14 30 $2,331,000 $147,951 there were $184,800 of past-due coupons, judgments, overdrafts, Ac.
1878
13 70
2,311,000
184,296 Assessed valuation of all property in 1880 was $10,187,000 real property
27,112,747
12,951,379
27,440,570
12,164,430
13 40
2.281,500
240,000 and $2,491,550 personal; tax rate, $20 per $1,000. Population, 43,337
Lynn, Mass.—Total {lebt, January 1,1880, $2,147,487. Assets, $455,- in 1880 ; 25,865 in 1870.
633. Population, 38,376 in 1880; 28,233 in 1870.
Newark.—The bonds in the first line in the table are payable out of the
Manchester. N. H.—Total debt,. $929,000; assets, $83,367. Assessed sinking fund of 1859, which amounts to $106,407; those in second line
valuations (about 70 per cent of true valued, tax rate per $1,000, Ac., out of sinking fund of 1864, $1,366,089; public school bonds out of
public school fund, $290,463; Clinton Hill bonds by sinking fund
have been:
..
54,993,918
54,122,875
54,619,565
5,340,860
CITY
Xll
Subscribers will eonl'er a great favor
SECURITIES.
(Vol. XXXIII.
by glYlig immediate notice of any error
discovered In these Tables*
INTEREST.
Date of
Bonds.
DESCRIPTION.
For explanations see notes on
first page of tables.
Size
Principal—When
Amount
or
par
Value.
outstanding.
$1,000
$1,304,250
1,000
68.000
Where
When
Rate.
payable and by
payable
whom.
J. A J.
New Orleans.
Various
J. A J.
M. A S.
J. A I>
Various
J. A J).
F. A A.
do
do
do
do
do
do
do
due.
%
1852
New Orleans—Consolidated debt
Railroad debt
Waterworks loan of 1869
1854-55
1869
1869
1870
82,700
funding loan of 1869
funding loan of 1870
’57, ’67,’70
Jefferson City (debt assumed)
1870
Wliarf impr. bonds (assumed by lessees)
1871
1,000
Street improvement bonds
1872
1,000
Consol, gold bonds (gen’l and drainage series)
Various.
1871
Ten per cent bonds, deficit and old claim
New premium bonds (in exchange)
Seven per cent
Seven per cent
....
$2,000,000)
Newton, Mass.—City bonds and notes
Water loan ($600,000 6s, balance 5s)
.
589,350
7
385,650
7
8
7*3
73
7 g.
85,500
61,000
20,550
165,000
....
....
N. O. WaterW’ks Co. new bds.(for
298,850
10
8,533,560
5
’98)
Improvement bonds
Central Park fund stock
Central Park improvement
Dock bonds
Market stock
fund stock
City Cemetery stock.
City improve in’t st’k (part red’niable after ’96)
do
do
Lunatic Asylum stock
Fire Department stock
Fire telegraph bonds
Tax relief
bouds, coupon
N.Y.Bridge bds ($2,421,900 red.nfter July,’96)
Accumulated debt bonds
8treet improvement bonds
Street opening and improvement
Ninth District Court-house bonds
bonds
Department of Parks improvement bonds....
Assessment bonds
City parks improvement fund stock
Normal school fund stock
Pnblic school building fund stock
Additional Croton water stock
Sewer repair stock
Consolidated stock
,
Museum
do
20-50 (redeemable July ’96;
of Art and Natural History stock
Third District Court-house bouds
Central Park commission improvement
bonds
County Court-house stock
do
.
do
do
do
No. 3
No. 4 A 5.
Soldiers’ bounty fund bonds
Soldiers’ bounty fund bonds, No. 3
Soldiers’ bounty fund red. bonds. No. 2
Riot damages indemnity bonds
Assessment fund stock
do
do
do
do
Repairs to buildings stock
Consolidated stock, gold, coupon
Accumulated debt bonds
N. Y. and Westchester Co. improvement
Consolidated stock
For State sinking fund deficiency
Debt of Westchester towns annexed
Consolidated stock, gold
Consolidated stock
Bonds for bridge over Harlem River
bonds
Norfolk, Fa.—Registered stock
Coupon bonds ($20,000 6s are J. & J.)
Coupon bonds of 1881 (exempt)
Trust & paving, coup, (pav’g, $189,300, J.AJ.)
Coupon bds, water (a mort. on water works.).
Norwich, Conn.—City bonds
City bonds
Water loan ($50,000 1890,
Court House
'
Singing fund bonds
100 Ac.
1872
1846 to’69 100 Ac.
100 Ac.
1865-6
1870 to’79 500 Ac.
1871 to ’79 500 Ac,
1865 to’74 100 Ac.
1866 to ’70 100 Ac.
1857 to ’59 100 Ac.
500
1879
100 Ac.
1856
1858 to’71 100 Ac.
500 Ac.
1870-’7i*
1865 & ’68 100 Ac.
100 Ac.
1869
500 Ac.
1876
500 Ac.
1870-’73
100 Ac.
18G9-’70
100 Ac.
1869- ’70
100 Ac.
1870-’73
500 Ac.
1870
500 Ac.
1869-’79
100 Ac.
1869-’70
100 Ac.
1874-’77
100 Ac.
1871
500 Ac.
1871
500 Ac.
1874-’79
500 Ac.
1874-78
500 Ac
1871-’78
500 Ac
1871
500 Ac.
1871
500 Ac.
1871-V9
500 Ac.
1872
500 Ac.
1874
500 Ac.
1876
500 Ac.
1873-’79
500
1874
1878 A ’79 500 Ac.
1862 to ’68 100 Ac.
100 Ac.
1871
500 Ac.
1872 9
100 Ac.
1864
100 Ac.
1865
100 Ac.
1865
1864 to’72 100 Ac.
1868 to ’72 100 Ac.
100 Ac.
1873
1875
100 Ac.
100 Ac.
1870
1871 to’72 500 Ac.
1869 to ’70 100 Ac.
100 Ac.
1870
100 Ac.
1874
100 Ac.
1874
1878
500 Ac.
500
500
1868
1877
75,000
2,229,500
7,269,400
700,000
521,953
597,586
6
7
4, 5 A 6
7
5 A 6
7
7
5
4 A 5
5,744,000 5,6,7A6g
6
6
200,000
636,000
1,985,000 4,5,6 A 7
‘
0
6 A 7
5 A 6
265,000
8,779.700
2,102,260
958,000
398,000
4, 5 A 6
5 A 6
5
6
7
5 A 6
6
7
7
6
6
0 A 7
6
6
333,000
1,100,000
600,000
651,100
4,000,000
745,800
376,600
855,204
1,719,400
493,200
900,450
100,000
6g.
14,702,000
6,000,000
30,000
1,680,200
1,949,747
915,500
6,900,000
2,800,000
100
1,000
125,000
1,000
1,000
1,000
*1873
1,000
50,000
$98,810; tax arrearage, $509,530; corporate b^nds, $106,617. Real and
personal property have been assessed at near the true value as follows:
1878, $86,257,175; tax, $19 80; 1879, $78,658,918; tax, $20 60; 1880,
?82,140,700;
tax rate, $20 90. Population in 1870, 105,059, against
36,983 in 1880.
in 1870.
Trust
Funds.
$102,600
103,100
104,100
$12,609,200 $13,524,097
$18 60
$1,178,000
13,137,011
16 00
1,148,000
12,808,700
12,874,418
16 40
12,898,300
1,123,000
New Haven, Conn.—Sinking fund on City Hall loan, $57,740;
NOv. 1, 1902
1883 A 1890
Aug. 1, 1884
Aug. 1. 1900
Nov. 1,1900-1908
1907 to 1917
1907 to 1911
1887 & 1898
1884
©
S
c
.
S
*-3
X
©
July 1,1898
1887 A 1895
Nov. 1,1901 to'12
QJ w-
aZ
M. A N.
al A N.
M. A N.
M. A N.
AL A N.
AL A N.
M. A N.
AT. A N.;
AI. A N. j
AL A N. 1
AI. A Nj
AI. A N.
AI. & N.
AL A N.
AI. A N.
AL A N.
AL A N.
AI. A N.
AI. A N.
Various
M. A N
M. A N
M. A N.
M. A N
M. A N.
M. A N.
M. A N
M. & N.
AL A n:
M. A N.
AI. A N
M. A N.
AI. A N
M. A N.
AI. A N.
1894 & 1897
1888
3 "3
1
as •—i
a
’89,’92,’96A 192G
1889 A 1892
18^9
§•2
1899
1884
1890
a
1884 to’88
o ®
1884, & 1883
B S
1882
1890
r* W
*
L*
O
=*
O
©
Nov.1,1882 to ’84
Nov. 1,1882 to’84
© 03
hr
«
©
1901-1904
Nov. 1, 1891
Nov. 1, 1891
Nov. 1, 1891
.
a
<-<
Nov.l, 1882 A ’85
a
1894 to ’96
Ots
o
.
1905.1926A 1923
ae *
May,’97,1916-'2
1903
Nov. 1,1890
Nov.l. 1884
1882 to’92
1884 to’88
1894 to ’98
1883 to ’90
§
Br£
p<H.
U*cl
1895 to’97
1891
1882
1887
1903
eg.
o3
1910
1884 to’88
1896 to 1901
1884 to’88
•§5
Various
M. & N
g,®
M. A N.
J. A D.
M. A N.
1891
•2
1896
1882 to’86
+»
OQ
<Q
■
•
•
.
a.
...
Li
5 g.
itf. A N.
4
M.
AL
J.
M.
J.
4 A 5
6
6 A 8
5
8
8
7
5
85,000
837,562
417,000
325,000
415,800
500,000
ioo
7
6
7
7
1879 to 1895
July 1, 1905-’00
Bk
r
bC
Q.-F.
Q.-F.
7
5 A 6 g.
7
6 A 7
6
300,000
1,241,000
7.321.100
1875
'
Q.-F.
M. A N.
5
5
6
3,000,000
4,537,900
6,500,000
727,900
250,000
100
New Bedford, Mass—Population, 27.268 in 1880; 21,320
Assessed valuations (true value), rate of tax. Ac., have been:
Personal
Rate of Tax Total Debt,
Years.
Real Estate.
Property, per $1,000.
Bonds.
■
8,575.000 4, 5,6 A 7 AI. A N.
M. A N.
6 A 7
296,000
160,000
300,000
164,000
$250,000,1898)... ’68,’78,’80
London.
or
....
5,196,000 4,5, GAT M. A N.
6
970,637
Q.-F.
6
490,000
Q.-F.
6
3,341,071
Q.-F.
500,000
399,300
3,819,800
1. 1892
Dec., 1880 <
Aug. 1, 1911
July 1, 1922
April 1, 1881
New Orleans.
A. A O.
3.618,600 4,5,6 A T
100
1870-’74
1881
1872-’73
1871
New York
Q.-J.
July
1874-5 & 1894
Jau.
1, 1899
March 1, 1894
June 1, 1895
1887 to 1897
357.000 5, 6 A *0*2 Various
"City Treasury.
J. A J. Boston, Comm’nweaJth
5 A 6
835,000
M. A N.
6 A 7
500,000
5 A 6
Q.-F.
2,900,000
6
250,000
Q.-F.
o
1864 to’75 l.OOOAc
1875
1,000
156787978. 81
New York—Water stock
Croton water stock
New Croton Aqueduct stock
Additional new Croton Aqueduct
Croton water main stock
Croton Reservoir bouds
Croton Aqueduct bonds
Cent. Park fund stock ($275,000 only due
6
6
5
5, 6 A 7
rv
4
5
1908-1928
2
1910
N.
a
M
Nov., 1891.
N.
1881 to’85
J. Norfolk, Treasurer’s Office.
’90-'94 -’99,1900
do
do
S.
1911
do
do
J.
do
do
Apl.,’92; July, ’93
/V. A O.
May, 1901
AL A N. New York, Park N. Bank.
Oct. 1, 1893
A. A O. Thames N.Blr, Bost.,Bk.Rep
Norwich.
April 1, 1907
A. A 0.
do
1898,1908 &19I9
Various
Jan. 1, 1905
do
J. A J.
do
April 1, 1908
A. A 0.
A
A
A
A
A
$123,176,919; the amount of sinking funds, $32,993,024. The follow¬
ing statement shows the details of funded debt and the amount in tuo
city sinking fund at the dates named:
Jan. 1,1881.
Description.
Jan. 1, 1880.
Jan. 1, 1879.
$123,176,919
Funded debt.$126,128,815
$123,145,333
32,993,024
32,143,787
33,021,985
Sinking fund
$93,985,028
Net debt
Assessment bonds
Revenue bonds
13,481,500
5,952,075
$90,123,348
13,262,100
6,039,966
$90,183,895
10.358,100
5,524,244
$109,425,414
$106,066,240
United
States
in 1870 was
census,
munici¬ 922,531, and 1,209,561 in 1880. Since Jau. 1,1861, the valuation,
rate
bond fund, $18,277. The city made a special loan of $75,000 to the of taxation, and net funded debt at end of year, have been as follows.
pal
New Haven A Derby Railroad, and guaranteed $225,000 of its second
Rato Tax p.
mortgage bonds.
Population, 1870, 50,840; in 1880, 62,861.
New Orleans.—A. decision of Louisiana Supreme Court, Dec., 1878, held
invalid the special tax provisions for consolidated bonds. The assessed
valuation of property for 1878 was $111,123,695, real and personal, and
in 1881 about $lo3,177.249. A scheme for settling the debt by a bond
premium drawing plan is in practice, and drawings take place January
31, April 15, July 31, nnd October 15. On June 30, 1881, the total
bonded debt was $14,579,329; and total floating debt, $2,331,331.
The uncollected taxes for 1878 and prior years, payable in scrip, were
$3,46^.844, and for 1879-80, payable in cash, $1,000,000. Population
in 3 870, 191,418; in 1880, 216,359.
(V. 30. p. 466,494,651; V. 31,
p. 606.)
Newton, 2fass.—Total debt, January 1,1880, $1,282,773; sinking fund,
$70,408. Tax valuation, 1879, $23,787,352; rate, $13 40 per $1,000.
Population, 16,994 in 1880; 12,825 in 1870.
New York City.—The total debt of New York, January 1, 1881. was
population of New York, bv the
Assessed
valuations (al>out 80 per cent of true value), tax rate, &c., have been:
Total
Personal
Rate of Tax
8inking
Debt.
Years. Real Estate.
Funds, Ac.
per $1,000.
Property.
10 mills.
1876.. $35,178,404
$965,513
$13,041,104
$57,904
1877..
93* “
950,137
147,418
35,509.639
12,678,617
9
“
1878..
894,000
142,196
33,426,943
11,606,420
9
1879
156,450
874,000
$113,418,603
Total
The
Personal
Real
Years.
1861
1865
Estate.
-
$106,955,665
Estate.
$174,624,306
$1,000-n
State.
City.
$3 62 $16 36
181,423,471
4 96 24 94
427,360,884
305,285,374
2 70 D) 80
1870
742,103,075
306,947,233
4 43 T7 27
769,302,250
306,949,422
1872
5 20 23 81
797,148,665
292,597,643
5 41 19 59
836,693,380
1874t
272,481,181
G 95 21 05
881,547,995
29 40—'
217,300,154
883,643,545
28 00
218,626,178
892,428,165
26 50
206,028,160
895,963,933
25 50
197,532,075
900,855,700
25 80
175,934,955
918,134,380
25 30
1880
201,191,037
942,571,690
26 20
209,212,899
976,735.199
*
um» sicking'funds
Less
wiua.i.m iuuu«.
t Annexed towns included.
The amount of all real estate taxes remaining overdue
Net Debt.*
Dee. 31.
$20,087,301
35,973,597
73,373,552
88,369,386
95,467,154
107,023,471
114,979,970
116,773,721
119,811,310
117,700.742
113.418,403
109,425,414
106,066,240
-
^
and unpaiaou
August 1,1881, was $8,253,945. Tho personal taxes overdue and unpaiu
were $13,790,197, of which $10,000,000 was estimated to be worthlessThe reduction between the amount of taxation in the years is/jam*
1830 is about $3,400,000.
There was, however, no substantial reauc¬
tion in the expense of administering the City Government, as the eu
Djscbkbxb;
CITY
1881.J
• t •
SECURITIES.
mu
Sttlwcribew will confer m great fkror by giving immediate notice of any error aitcorerea In thw»
DESCRIPTION.
For explanations see notes on first page
Paterson,
Date of
Size or
Amount
Bonds.
par
Value.
outstanding.
of tables.
1858-’73
N. J.—School bonds.
500
500
500
500
500
100 Ac
500
50 Ae.
50 Ac.
50 Ac.
50 Ac.
50 Ae.
50 Ac.
1862-’71
1869-'79
Funded debt bonds
Improvement bonds.
1869-’79
1863-’05
1877
1877-78
bonds...
Funding bonds, “A”.
Renewal bonds, “I*”
War bounty
....
1855
1855 to'71
1859 to ’70
for water works
for bridges
do
do
do
1868 to ’70
1862 to 65
1860 to ’70
Centennial
bounty purposes
do
municipal, school, sower, Ac
Guaranteed debt, gas loaue
Four per cent loan (“A” to “Y”)
Peoria, Ills.—School loan
Water loan ($50,000 each year)
7081
for park and
Bonds for war and
.
.
.
25 Ae.
....
....
....
....
*
do
Bounty loan ($21,000 payable each year)
Peoria A Rock Island Railroad
Pittsburg—Water exten. loan (coup, or reg.)
«...
....
....
....
....
....
Water loan, reg
Funded debt and other municipal bonds..
....
....
1845 to ’72
1863
1871 to’73
Compromise railroad bonds (coup, and reg.)..
-
....
....
1868 to’74
1878
....
....
impr. Penn, av., dec. (local assessment).
1879
Bonds for overdue interest (temporary loan).
1,000
Portland, Jfe.—Loan to Atl. & St. Lawrence Rll '68/69/70
1867 to '69 500 Ac.
Loan to Portland & Rochester Railroad
Bonus
...
1872
do
do
Portland A Ogden sburg
1872
1859-79
Municipal—proper, ($63,000 are.Ss due ’83)..
Building loan bonds
‘
Providence, It.I.—Bonds for public improve]
Recruiting and bounty bonds
Water loan bonds, gold, coupon
do
do
registered
do
1874
1876
1875
1879
do
do
do
1867
1855
1863
1872
loan of 1879
1879
Public improvement loan, registered
1872
Prov. A Springfield RR. bonds, guaranteed...
1877
Brook Street District certificates.
do
do
do
1879
coupon
1877 A'79
New High School Building certificates
Richmond, Vat.—Bonds, reg.,($118,000 are coup.)
"Bonds, reg. and coup. ($216,000 arc coup.)...
Rochester, N. F.—To Genesee Valley Railroad
500 Ac.
1,000
lOOOAc.
lOOOAc.
lOOOAc.
lOOOAc.
lOOOAc.
£100
lOOOAc.
Large.
1,000
1,000
1,000
....
New fives
■
...
....
....
....
....
lOOOAc.
Various
lOOOAc.
1875
-.
.
Railroac. loan ($20,000 payable yearly)
d>
1869
1871
do
1872
St. Joseph, Ho.—Bonds to St. Jo. & Den City RR. 1860 to'69
Bonds U Missouri Valley Railroad
1869
Bonds fc r various purposes
1858 to ’69
1871
.
Bridge bonds
New ©on promise bonds (60 per cent)
1881
St. Louis— Renewal and floating debt bonds
1846 to '71
Real estate, ouildings and general purposes.. 1840 to'68
Street improvement bonds
1855 to'57
Water work bonds (old)
1856 to'58
Tower Grove Park bonds (gold)
1868
Sewer bonds
1855 to’69
Harbor and wharf bonds
^
1852 to'68
Bonds to Pacific Railroad
1865
New water work bonds (gold)
1867 to '70
do
do
do
1872
Renewal and sewer bonds (gold)
1871 to'73
Renewal purposes, gold or sterling
1873
1875
Renewal, Ac., bonds, gold, $ and £
Renewal, Ac., bonds, gold ,$ and £, coupon... 1874-’79
Renewal bds.,gold,$ and £(partred'mablo ’90)
1880
1872
Bridge approach bonds (gold)
St. Louis County bonds assumedinsane Asylum
1867
1868
County Jail
1
General purposes, gold
1872
Various
.1,000
1,000
Various
160,000
750,000
938,686
3,182,000
1,000
500
[879
*§80
[881
-882
;
Assessed valuations
of
Deo., 1879-1904
Dec., 1879-1900
Dec., 1879-1886
do
do
do
do
do
d©
1882-1902
Dec., 1879-1900
June, 1887
1901-1904
1879 to '85
Phila., by Treasurer,
£ 1879 to 1905
g.
g.
g.
g.
4^
5
7
5
4*2
4
6
8
*7*
7
6 & 7
7
6
205,000
6
6 & 7
7
10 & 6
10
4
6
J.
A
A
A
A
A
A
A
A
do
do
do
do
Boston and Portland,
.
1881 to '95
June 1,1887
do
Providence,
do
D.
S
J
July 1, 1897
Sept. 1, 1907|
Sept., 1885
Jan., 1893
Jan., 1900
J. Boston, Prov. and London.
J. N. Y., N. City Bank, A Prov
do
do
J.
J. London, Morton, Rose A Co
D.
Providence,
J. A J.
M. A S.
Mr. A N.
Various
J. A J.
J. A J.
do
do
1892
Boston and Providence
1882*89
J.A J., 1880-1912
1886A1904-1909
do
Richmond, Treasurer,
do
July 1,1895
June 1,1899
July 1,'99 A 1900
Sept. 1,1882-'84
May 1. 1885-’86
Treasury.
do
Jan., 1900
July 1,1906
do
J. A J. N. Y., Metropolitan N. Bk.
N. Y., Union Trust Co.
F. A A.
Various New York and Rochester.
N. Y., Union Trust Co.
J. A J.
do
do
Semi-an
City Treasury.
J. A J. Bost., Hide A Leather Bk.
F A A. Bath, Me., First Nat. Bank.
M. A 8.
Rockland, Treasurer.
Various N. Y., Nat. B’k Commerce.
do
do
M. A N.
1681 to 1903
1893
1880 to 1901
Various St. Joseph and New York.
J. A J. N. Y., Nat. B’k Commerce.
do
do
F. A A.
Various N. Y., Nat. Bank Republic
1880 to '89
Various
6
6
6
Various
Is-
F. A A.
Various
Various
Jan. 1,1903
1905
1880 to 1897
1880 to 1899
1891
1892
1880 to'89
Nov., 1889
1891
1901
1881 to *91
1882 to 1906
1882 A '87
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Sept. 1,1988
do
June, 1892
1882 to '83
Aug., 1898
681,000
1,074,000
707,000
2,747,000
1,024,000
461,000
g.
5 g.
0 g.
100,000
500,000
600,000
7
7
6 g.
J. A J.
M. A 8.
J. A D.
:
Personalty.
$10,004,673
Tax Rate.
$21 50
593,313,532
577,548,32,8
9,755,000
9,439,769
22 50
21 50
526,539,972
8,069,892
20 50
529,169,382
543,669,579
7,498,452
7,863,385
20 00
19 50
545,608,579
8,166,650
property for 1882 are: Full city
do
do
do
(le*
do
do
1,250,000
1.000
.
m’uthly
6
3,950,000
,
|8'7
[878....
City Hall, by Treasurer,
1882 to '89
1881 to '88
Various
do
Feb. 1,1885
F, A A. N. Y., Nat, B’k Commerce.
J. A D. New York and 8t. Louis. June, 1887, to 90
A. A O. N. Y., Nat. B’k Commerce.
April 1, 1892
1891 to'94
New York or London,
Various
do
do
Nov. 1,1893
M. A N.
do
do
M. A N.
May 1, 1895
1894 A 1899
do
do
J. A J.
Jan. A June, 1900
do
do
Various
Dec. 10,1892
J. A D. N. Y., Nat. B'k Commerce.
1,000
1,000
its cash value
Due.
6
7
6 ft6
8,703,895
1,480,763
19
8,775,416
1,497,130
19
Norwich, Conn—The assessed valuations, tax rate, Ac., have been:
Real
Personal Rate of Tax Total
Sinking
Years.
Estate.
Property, per $1,000. Debt. Funds, Ac.
1376
$7,735,158
$3,725,846
$11
$765,664
$
8,184,815
3,273,074
8
763,277
!
1878....
7,794,678
3,039,564
771,863
3,535
7
7,435,418
3,057,099
9
777,312
9,191
—Population, 21,145 in 1880; 16,653 in 1870.
Paterson, N. J.—Finances are apparently iu a sound condition. Back
taxes due (including 1878) were $667,786 January 1,1879. The assessed
valuations, tax rate per $1,000, Ac., have been:
Years.
Real Estate.
Personalty. Tax Rate.
Debt.
$15,850,857
$3,255,639
2H
$1,286,500
15,923,108
3,246,501
2*4
1,275,000
16,398,608
3,544,517
2H
1,259,500
—Population, 50,950 in 1880; 33,579 in 1870.
Philadelphia.—The total funded debt, January 1,1881, was $69,43!,064; floating debt, $601,365; on January 1,1880, the debt was $70,970,W4j floating debt, $1,294,554. Total assets Jan. 1, 1881, including
shoring fund, railroad stocks hold, and $2,942,263 of taxes “ due and
oollectible,” and $2,805,754 cash, were $26,819,446. In the follow¬
near
Principal—When
Where Payable and by
Whom.
do
do
do
do
> 1879 to 1903
do
do
do
do
do
do
do
do
do
do
1883 to 1905
do
do
1880 to 1904
Various N. Y., Amor. Exeh. Nat. Bk.
1879 to 1890
M. A N.
do
do
May 15,1881
J. A D.
do
do
June 1,1888
Various
do
do
1889-1891
M. A 8. N. Y. , Mercantile Nat. Bk Moh.1,1882 A ’83
J. A J.
New York.
July 1, 1888
A. A O.
1893 to '98
Pittsburg, Treasurer,
J. A J.
do
do
1908
Various Pittsburg, Phila. A N. Y
1881 to 1912
1913
J. A J New York, B’k of America
Various
1883 to '85
Philadelphia.
J.
M.
J.
J.
J.
J.
J.
150,000
1,688,000
1,104,000
70,000
127,000
346,000
772,000
578,000
1379
„
& D.
A D.
& D.
& D.
& D.
& D.
Various
J. & J.
J. & J.
J. A J.
J. & J.
J. A J.
J. A J.
J. A J.
J. A J.
J.
J.
J.
J.
J.
I.
6
4,5 46
300,300
tton instate taxes is about equal to reduction in tax levy. (V. 31, p. 45,
281,445; V. 33, p. 40, 244.)
Norfolk, Fa.—The assessed valuations and tax rate per $1,000 have been:
Years.
Real Estate.
Personalty. Tax Rate.
$8,576,130
$1,639,866
$19
ing table the assessed value of real estate is
Years.
Real Estate.
*876
$585,408,705
Pay’ble
J. A J.
M. A S
400,000
700,000
1,000
6
6
5 &
6
6
5
5 A 6
5 & 6
5
5
410,000
192,650
462,500
114, 00
196,300
450,000
....
1,000
1,000
1,000
1,000
1,000
<>
6
187-9.0
1,200,000
1,332,600
325,000
600,000
300,000
2,347,000
1,653,000
1,500,000
1,397,250
600,000
596,000
500,000
420,000
280,000
112,938
3,263,545
1,214,700
(1)
....
100 Ac.
100 Ac.
100 Ac.
100 Ac.
500
500
100 Ac.
500
50 Ac.
Various
Various
Various
7
6
6
5 A G
6
6
6
When
6
15,909,750
6
5,999,400
4
8,806,810
7
74,500
10
50,000
7
195,000
205,000 7,6g.A7g
10
42,000
7
100,000
7
4,279,000
6
300,000
6 & 7
1,226,000
4 & 5
2,179,469
7
5,127,700
1884
1,405,000
6
AI.AN. Boston, Blackstone N. B’k. Nov.,1886/87,'88
787,000
6
J. A J.
do
do
627,500
July, 1887
1,000
^
....
Funding loan
Rockland, He.—City bonds
mm*
....
.
..
To Roch. A State L. and R. N. A P. Railroads.
For various city improvements
Water works loan, coupon and registered
118,000
135,000
28,000
369,000
399,500
100,000
110,000
5,284,989
1,725,000
6,500,000
4,853,500
8,701,600
416,000
....
Rato.
11,650,000
50 Ac.
50 Ae.
.
1879
Water loan
do
do
.
INTEREST.
property,
el:
f:
6
do
do
July 1,1887
$491,481,202; suburban property, $35,197,912; farm property, $19,096,115; all the personal being classified with the full city property.
A tax rate of 2-20 on full oity property is recommended for 1882.
Population, 1870, 674,022, against 847,542 iu 1880. (V. 27, p.629;
V. 29, p. 435.)
Peoria, III.—Total debt, $686,500; tax valuation, 1876, $14,574,105.
Population, 31,780 in 1880; 22,849 in 1870.
Pittsburg.—Assessed valuation in 1880: Real property, $85,744,990;
personal, only $2,516,540. Tax rate, 1880, 20’4 mills per$l. Popu¬
lation, 153.883 iu 1880; 86.076 in 1870. interest defaulted April,
1877, on Penn* Avenue improvement bonds, legal points being dis¬
puted. (V. 27, p. 68, 643; V. 28, p. 43, 302; V. 29, p. 383; V. 31, p. 1234
Portland, He.—The sinking fund and available assets March 31,1881,
were $203,221.
The city is protected by mortgages on Atlantic A 8s.
Lawrence, Portland A Rochester, and Portland A Ogdensbiirg railroads.
Population in 1879, 35,010, against 31,413 in 1870 and 26,341 in I860.
-Population in 1880, 33,835; 1870, 31,413. The assessed valuations,
tax rate, Ac., have been:
Real
Personal Rate of Tax
Total
Sinking
Years.
Estate.
Property, per $1,000.
Debt. Funds. Ac.*
$19,067/200 $11,825,645 $25 00 $5,507,900 $377,061
25 50
19,212,800
11,458,354
5,316,600
360,815
19,825.800
10,359,128
25 00
5,235,600
225,710
11,376,456
4,688,100
92,356
19,777,200
25 50
These do not include the siuking funds for railroad loans.
Providence, It. I.—The principal debt of Providence has been created
since 1872 for water works, sewerage, new City Hall and Brook Street
Improvement. The sinking fund ror bonds clue in 1885. $635,104;
1893, $238,126; 1895 99, $317,139; 1900-6, $119,457. Population,
1870,68,901; 1880, 104,760. The laws of Rhode Islaud now limit the
debts of towns to 3 per ct. of their assessed valuation. Assessed valua¬
tions (true value), tax rate, Ac., have been;
■
Tax per
Real
Personal
Total
Assets in Sink.
Years.
Estate.
Debt.
Property.
$1,000.
Funds, Ac.
$86,341,100 $30,099,400 $14 50 $10,590,550 $1,292,697
86,816,100
28,765,600
14 00 10,475,550
1,237,006
13 50
10,202,688
1,359,142
1880....
27,908,900
88,012,100
...
*
1881.... 87,788,000
28,413,800
State valuation, $168,547,720; city,
,
14 00
10,100.599
$116,201,800.
.
.
1,397,558
(V. 29, p. 578.)
Snbfribera will confer a.
great flavor by giving
Size
Date of
Bonds.
DESCRIPTION.
St. Louis— (Continued.)
Renewal
Park bonds, coupon, gold
outstanding.
1,000
1,000
$850,000
1,900,000
500,000
707,425
48,710
263,125
200,000
100,000
r,
Superior & Mississippi
St. Paul & Chicago Railroad.
Lake
Railroad
Bonds
—
City debt
Citydebt
Water loan
do
18756.
m
m
Various
Various
500 &c.
1873
1879
1,000
1,000
1,000
1,000
Various.
1870
1873
Public Park fCorno.)
Local improvement
Salem, Mass
m
1868
Various
100,000
100 &c.
108,000
1871
1,000
300,000
1868-9
100 Ac.
500,000
1878
1,000
398,500
1858
500 &c.
542,000
435,500
377,000
250,000
San Francisco— Bonds of 1858, coupon (gold)..
1863 to’64 500 &c.
Judgment bonds, coupon (gold)
500 &e.
1864
Central Pacific Railroad, coupon (gold)
500 &e.
1865
do
do
Western Pacific Railroad,
1866 to’67 500 &c.
School bonds,
do
do
do
Judgment bonds,
School bonds
School bonds
Park improvement
do
bonds
Hospital bonds
House of Correction bonds
City Hall construction
Widening Dupont St. (Act March 4, 1876)
Savannah, Oa.—New compromise bonds
Somerville, Mass.—City debt
City debt
do
do
do
do
500 &c.
1870 to’72 500 &c.
500 &c.
1874
1872 to.’75 500 &c.
1871 to’73 500 &e.
500 &c.
1874
1875 to’76 500 &C.
1876
—
100 &c.
1879
1870 to ’79 Large.
J
....
Various.
Large.
«...
m
m
m
m
m
m
m
m
•
Park &wat’r
Water loan
($170,000 A.&O.; $155,000 J.&J.)
Water loan
•mm
Various.
Large.
lOOO&c.
....
....
Springfield, Mass.—City notes
City bonds
197,000
246,000
385,000
200,000
1807
....
....
($200,000 are 6 per cents)
....
Railroad loan
....
1866 to’79
1870
Toledo, O —General fund city bonds, coup
Toledo & Woodville Railroad, coupon
Water works ($3,000 only 6s)
’73,’74&79
«
Large.
Large.
Large.
1,000
1,000
1,000
....
....
....
'
475,000
210,000
150,000
750,000
915,000
3,000,000
10,000
461,000
165,000
115,000
140,854
200,000
325,000
320,000
222,000
211,000
1,200,000
280,000
1,160,650
432,000
1,000,000
1874 to’80
Short bonds, chargeable on special assessm’ts
1861-’2-’71 Large.
TVorcester, Mass.—City debt, coup, and regist’d.
500 &c.
1871
....
City debt, ($250,000 reg.,
$550,000 coupon).
500 &c.
1872
do reg. ($200,000 J.&J., $300,000 A.&O.)
500 &c.
18S0
do
registered
’
1870 to ’79 Various.
Sewer loan ($92,000 are J.& D., balance J.&J.)
1870 to *76 500 &c.
Water loan ($305,400 reg., $80,000 coup.)..
Rochester.—Total debt, $5,966,410.
The bonds of Genesee Valley
Railroad loan, $168,000, are provided for by net receipts from a lease of
said road to Erie Railway. Population, 87,057 in 1880; 62,386 in 1870.
Assessed valuation (60 per ct. of true value), rate of tax, &c., have been:
505,521
45,000
800,000
500,000
500,000
311,900
385,400
Years.
& J.
J.
5, 6 & 7
M. & N.
7
Whom.
Pay’ble
7 & 6 g.
6 g.
6 g.
100,000
115,000
Where Payable,
When
Rate.
1
8
7
.
9
890.71781
Preferred bonds
8 per cent bonds
..
Principal—When
Amount
or
1873 to’76 $1,000
County bonds
SL Paul, Minn .—Revenue bonds
discovered in these Tables.
INTEREST.
Value.
1875
1875
Various.
Various.
[VOL. XXXIII
immediate notice of any error
par
Jfor explanations see notes on first page of tables.
A.
SECURITIES.
CITY
XIV
A. & O.
M. & N.
M. & N.
8
Various
6
6
7
7
6
J. & D
J. & B.
Due.
and by
N. Y., Nat. Bk. of Com.
do
do
do
do
N. Y.. Kountze Brothers.
do
do
do
do
do
do
do
do
do
do
do
do
* do
do
1889 to 1896
April 1,1905
May 1,1895
1880 to’90
1883 to’86
1889, ’90, '96
1888 & ’98
1900
1903
1893
J. & J.
April 1, 1904
A. & 0
1880 to 1889
City Treasury. .
5*2 & 6 J. & J.
Jan. 1, 1891
J. & J. Boston, Merchants’ Bank.
6
do
do
Apl. 1,1883-1898
A. & 0.
6
do
do
July 1,1904
J. & J.
5
Jan. 1, 1888
6 g. J. & J. San F.& N. Y., Laidlaw & Co.
Oct, 1, 1883
do
7 g. A. & O.
do
July 1, 1894
7 g- J. & J.
do
May 1, 1895
7 g. M. & N.
do
April 1,1881
7 g. A. & O.
Oct, 1, 1887
do
7 g. A. & O
June 1,1882 to ’90
do
7 g. J. & D.
July 1, 1894
do
6 g. J & J.
1897 & 1904
do
6 g- J. & J.
Nov. 1, 1891
do
6 g. M. & N.
do
July 1,1894
7 g. J. & J.
1899
do
6 g.
1896
do
7 g- J. & J.
Feb. 1, 1909
5
Q-F. N. Y., Eugene Kelly & Co.
April 1, 1879
A. & O. Boston, Nat. Security Bank
7
do
April. 1879 to ’84
do
A. & O.
6%
do
July 1,1880 to’84
do
J. & J.
6^
do
do
Oct.’81-’4,July,’85
6
* Various
do
July, ’84, Apl.,’95
do
Various
5^
do
do
Apl., ’95, July, ’96
5
Various
1881 to 1884
do
do
Various
6^
1880 to 1906
do
do
512,6,61s Various
1879 to 1884
City Treasury.
Various
4i2,6
1880-1889
Various Boston, First National B’k.
6
do
do
Apl. 1,’94, to 1905
A. & 0.
6 & 7
do
do
Apl. 1. 1879-1893
A. & O.
7
1881 to ’94
6, 7 & 8 Various N. Y., Imp. & Trad. N. Bk.
do
May, 1900
do
M. & N.
7-3
1893, ’94 & ’99
do
do
Various
6 & 8
1879 to’81
do
do
Various
7 & 8
1880-1885
J. & D.
5 & 6
City Treasury.
April 1, 1892
A. & O. C.Treas.&Bost. Mcnts.’ Bk.
6
1887-89 & 1905
do
do
5
Various
do
April 1, 1905
do
A. & O.
4
1880 to 1899
do
do
5 & 6
Various
1880 to 1906
do
do
Various
5 & 6
“
•
.
'
Real
Estate.
$18,993,545
17,300,486
Personal Rate of Tax
Property, per $1,000.
$5,452,871
5,491,026
18 mills.
13
“
15
“
Total
Debt.
Sinking
Funds., &c.
$1,327,200
1,356,444 ”
1,519,310
$567,642
616,000
656,000
of true value.
Debt.
Property.
Years.
Salem, Mass—The sinking fund amounts to about $190,000. Popula¬
$5,594,686
$1,958,900
1876
$53,661,475
5,549,186 tion, 27,327 in 1880; 24,117 in 1870. Tax valuation, 1879, $22,937,077.
2,003,800
1877.!.. 48,196,975
5,471,686
1,706,300
1878.... 42,658,350
San
233,066 in 1880; 149,482, in 1870. Real
21-79533
5,446,186 estate Francisco.—Population.
1,584,940
for the fiscal year ending June 30, 1880, was assessed at $164,1879.... 37,717,175
939,604. About $37,000,000 of mortgages are now omitted from assess¬
Richmond, Fa.—Real estate assessed, 1880, $28,348,283; personal, ment. Sinking funds raised annually amount to $263,500. Tax rate in
$7,471,488. Tax rate, $1 40. Population, 63,243 in 1880 ; 51,038 in ’70. 1879, $1 37 per $100; in 1880, $1 57 per $100, for city and county pur¬
Rockland, Me—Valuation of real estate, 1879, $2,488,883 ; personal, poses. (V.28, p. 165.)
$1,069,436. Tax rate, $29 per $1,000. Population, 7,473 in 1880;
Savannah, Get.—Default was made on interest Nov. 1,1876, in conse¬
7,074 in 1870.
quence of yellow fever and non-collection of taxes. The compromise,
St. Joseph. Mo.—Population in 1880, 32,484; in 1870. 19,565. As¬ as reported in V. 26, p. 625, gave new 5 per cent bonds for the face of old
sessed valuation of real estate, 1880, $5,723,784. Personalty, $3,294,- bonds ; and for interest up to Feb. 1,1879, 58 per cent of the face valuo
451; total, $9,018,235.
Rate of tax, 1880, 32*2 mills. The actual in similar bonds. Assessed value of real estate and tax rate each year
value of all property is estimated to be over $19,000,000. A compro¬ have been as follows: In 1875, $13,932,012, $22 50; 1876, $14,256,540,
1877, $14,256,540, $15; 1878, $9,946,633, $25; 1879,
mise of the debt is "in progress, in new 4 per cent bonds, which are $22 50;
given for the full principal and interest of old bonds. (V. 28, p. 477 ; V. $10,100,000, $25. Population iu 1870, 28,235, against 30,747 in 1880.
—(V. 26, p. 18, 626; V. 27, p. 122, 173, 568; V. 28, p. 17.)
32, p. 659.)
United
in
St. Louis.—Population by the
States census
1870 was Somem'illc, Mass.—Total debt, January 1, 1880, $1,585,000; sinking
310,864, against 333,577 in 1880. The city and county were merged fund, $198,000. Except $140,000 5s in $1,000 pieces, all bonds are in
by law in 1877 and city assumed the county bonds. The Comptroller $2,000 to $50,000 pieces. Population, 24,964 in 1880; 14,635 in 1870.
gives the following in his report to April, 1881: The liabilities appear as
Springfield. Mass.—Total debt, January, 1880, $1,960,750. The rail¬
follows: The bonded debt at the close of fiscal year (April 9, 1881) is
road debt falls due $20,000 each year. Population in 1880,33,536;
$22,417,000. A claim of the 8t. Louis Gaslight Company for gas fur¬ 1870, 26,703. Tax valuation and rates have been:
nished. amounting in all to about $850,000, was decided against the city in
Total
Personal Rate of Tax
Sinking
1880, but appealed. Assessed valuation of property and tax rate have Years.
Property, per $1,000.
Debt.
Funds.
Real Estate.
been;
6,955,776
13 00
1,946,611
303,989
23,737,000
Real Estate /-Rate of tax per $1 ,000.-n
6,637,845
1,953,716
153,633
11 00
22,746,330
and Personal
New
Old
Bonded
1,960,750
7,230,094
12 00
139,279
22,211,230
Years.
Propertv.
Limits.
Limits.
Debt.
of real estate is about 67 per cent of true value.
1878
$173,086,330
$5 00
$17 50
$22,787,000 —Valuation
164,399,470
5 00
17 50
22,614,000 Toledo.—Total debt, January, 1881, was $3,316,091. Of this the debt
160,634,840
5 00
17 50
22,507,000 payable by special assessments was $505,521, and the certificates of
$62,641. Taxable valuation of real estate, 1878, $L2,1881
5 00
17 50
22,417,000 indebtedness,
805,945; personal, $5,350,150. Tax rate, $3 36 per $100. Population,
St. Paul, Minn.—Population in 1870 was 20,030; in 1880, 41,619. 53,635 in 1880; 31,584 in 1870.
(V. 30, p. 356.)
Assessed valuations of taxable property and tax rate have been:
Worcester, Mass.—Total debt, January 1, 1880, $2,542,300. .Assets.
Personal
Rate of Tax
Total
Sinking
including $94,737 sinking fund. Population, 58,040 in 1880;
Years.
Real Estate.
Property,
per $1,000.
Debt.
Funds, &c. $210,658,
41,105 in 1870. Tax valuation, 1870, $34,018,450; 1879, $39,591,358;
22 mills. $1,323,812 $616,292 tax rate, 1-56.
$20,836,710 $6,919,216
6,340,493
16 “
1,332,500 551,755
18,835,525
Real
Estate.
Personal
Tax per $1,000
in old Wards.
18-75
20-21
19-64
Total
5,942.503
^-Valuation of real estate is about 40 per cent
17,300,766
December,
RAILROAD
1881.J
Subscribers will confer a great faror
DESCRIPTION.
For
explanation of column headings, Ac., see notes
on first page of tables
mortg. gold coupon
Paci fic June.—Debentures..
Ala <£ Gt.South’n.— Receiver’s certitic.of Ala.ACliatt
1st mortgage, coupon, (for $1,750,000)
Albany d Susquehanna—Stock
Alabama Central—1st
Alabama N. O. Texas &
mortgage
Albany City loan
2d mortgage
(sinking fund, 1 per ct. yearly).
A II. endorsed on bonds)..
Central —1st mort., gold ($8,000 per mile).
Consol, mort. (guar. D.
Allegany
Alley hen y Valley—Stock
General mortgage (Riv. Div.)
Bonds to State Pa. (endorsed) 2d mort.. East ext.
1st mort., East’n Extern, guar, by Pa. RR
Funding income bonds, with traffic guarantee....
Amador Branch— 1st mortgage
Asheville d Spartanburg— 1st mortgage, gold
Ashtabula d Pittsburg —1st mortgage, coup, or reg..
Atchison Col. d Pacific—1st mort., guar
Atchison Jewell Co. & West.—1st M., guar. C.B.U. P.
Atchison Topeka d Santa Fe—Stock
1st mortgage, gold
,
Land grant mortgage, gold
Consol. bonds, gold
Construction notes
Land income bonds, 5 to 10 years
Bonds for stocks purchased, gold
S. F. bonds for purchase of K. C. L. & S. K. stock.
S. fund bd8., $25,000 p. m. (secured by mort. bds.)
Wichita A Southwest., 1st M., gold, guar
Kane. City Tox>. & West. 1st mort., gold
do
income bonds
.do
Pueblo A Ark. Valley, 1st mort., gold, guar
do
Kansas City
do
1st
(A 2d
on
148 miles) guar..
Emporia & S., 1st mort., guar
Cowley Sumner A Fort S., 1st mort.. guar
.
BONDS.
xv
by giving immediate notice of any error discovered in these Tables.
Miles
Date
of
of
Par
Road. Bonds
95
1878
233
1881
•
.
•
•
1878
177
142
142
142
142
61
259
132
110
110
259
27
30
62
229
Amount
Value.
Outstanding
$1,000
$1,000,000
5,000,000
.
296
1,000
1865
1865
1,000
1876*
1,000
1,000
1,000
1882
50
1866
1,000
100,000
1870
1871
1874
34
1,000
100 Ac.
1,000
1,000
1879
1,000
1869
1870
....
100 Ac.
1877
1876
1878
1879
....
867
1,000
•
100
500 &c.
500 Ac.
....
....
....
....
....
....
....
....
....
27*2
65
....
148
137
....
....
1878
1880
1880
1880
1872
1875
1878
1875
1878
1879
1879
500 Ac.
1,000
1,000
1,000
1,000
1,000
Alabama New Orleans Texas d Pacific Junction.—The preferred or “A'’
shares authorized are $12,500,000, and the deferred or “B” shares
authorized also $12,500,090; aud of the total $25,000,000, about $15,000,000 are out. The company purchased the Vicksburg A Meridian,
Dividend.
Y., Jcsup, P. A Co.
July 1, 1918
J.
A
8
6 g.
M.
J.
J.
J.
M.
1882
S.
Jan. 1, 1908
J. N.Y.,Farmers’ L. A T. Co
Jan. 1, 1882
J. N. Y., B’k of Commerce.
J. N.Y.,Del. AHud.Can.Co
July, 1888
do
do
N.
Nov., 1895-’97
do
do
O.
Oct., 1885
O.
do
do
April 1, 1906
Jan. 1, 1922
New York.
A J.
7
&
&
&
&
&
A. A
A. A
0 g.
J.
7
6
7
J.
N.
6
3*2
7-30 J. A J. N. Y., Winslow, L. A Co. March 1,1896
5
Jau’ary Harrisburg, Treasury. 100,000 y’rly.
1,500,000
7
7
6
7 g.
6
3,072,000
6
675,000
400,000
6
542,000
54,337,500 50 in stk.
7 g.
7,041,000
7 g.
2,915,500
7 g.
127,000
7
78,000
8
438,500
5 g.
1,161,000
5
3,743,000
4*2
5,150,000
7 g.
412,000
7 g.
854,000
7
7 g.
7 g.
7
7
200,000
1,633,000
1,942,200
532,000
1,000
1,000
8 per cent (if earned) 40-year bonds, due July 1, 1918, $1,400,000;
total stock and bonds under re-adjustment, $4,400,000. In 1881 a con¬
trolling interest was sold to the East Tenn. Va. & Ga., by which this
roadie now operated. In 1880, gross earnings were $229,105; net,
$56,095. (V. 27, p. 40, 566; V. 32, p. 288; V. 33, p. 559.)
Stocks—Last
Whom.
10,000,000
7,571,800
....
road opened from Selina to York (81 miles) Aug. 10.1863.
Subsequent¬
ly name changed to Selma & Meridian, and June 21, 1871. re-organized
as Alabama Central.
Default January 1, 1872, and finances re-adjusted
in 1878; Capital stock, $2,000,000; first mortgage (on 95 miles) 6 per
cent 40-year bonds, due July 1, 1918, $1,000,000.
Income mortgage
Where Payable, and by
Payable
3,000,000
1,000
1,000
Alabama Central—December 31, 1880, owned from Selma, Ala., to
Lauderdale, Miss., 96 miles; leased (M. & O.), 18 miles; total operated,
114 miles. Chartered as Alabama & Mississippi February 17,1850, and
When
Cent.
1,448,000
3,500,000
1,000,000
1,000,000
1,807,000
2,605,000
500,000
2,166,500
4,000,000
100
....
pal, When Due*
Rate per
200,000
.
1,000
1863
Bonds—Prinoi"
INTEREST OR DIVIDENDS.
Size, or
79881
1st
AND
STOCKS
798,000
A. A O. Philadelphia or London
A. A O. Pittsburg, Co.’s Office.
J. A J. N. Y., Cent. Pacific RR.
J. A J. CharlestonA New York.
F. A A. Phil., Fid. I.T. A S.D.Co.
Q.-F.
Q.-F.
Q.-F.
J. A J.
A. A O.
A. A O.
J. A J.
J. A J.
A. A O.
M. A S.
A. A O.
J. A J.
J. A J.
M. A 8.
J. A J.
J. A J.
J. A J.
A. A O.
N.
Y., Hanover N. Bk.
New York.
Oct. 1. 1894
Jan. 1. 1907
Jan. 1, 1897
Aug. 1, 1908
May 1, 1905
May 1, 1905
Dec. 2.
Boston.
Boston, North Nat. Bk.
do
do
do
do
April 1, 1910
1881
July, 1899
Oct. 1. 1900
1903
1882
Jan. 1, ’83-’88
Boston.
do
do
do
April 1, 1909
Sept. 1, 1920
N.Y., Nat.Bk. of Com’ce Oct. 1, 1920
Boston, North Nat. Bk. July 1, 1902
Boston, Everett N. Bk. July 1, 1905
Mar. 1, 1906
do
do
Boat., N. Bk. of N. Am’a July 1, 1905
do
do
July 1, 1905
Boston, North Nat. Bk. July 1, 1909
Best., N.Bk.of Republic Oct. 1, 1909
burg, S. C., to Asheville, N. C., 67 miles, of which 48 miles, Spartanburg
to Hendersonville, are in operation. Placed in bands of receiver Novem¬
ber, 1878. Capital stock, $1,000,000. (V. 32, p. 17, 396.)
Pittsburg.—December 31, 1880, owned from Y'oungstown,
Ashtabula d
O., to Astabula Harbor, O., 62 6 miles. Organized as Ashtabula Youngs¬
town & Pittsburg In 1870, and road opened May 1, 1873. Pennsylvania
Company, as lessees, guaranteed bonds up to January 1, 1877. Default
July 1,1878, and property sold August 21, 1878. Existing company
organized September 25,1878, and it is leased by Penn. Co., which pays
net earnings to A. & P. The common stock is $958,491 and preferred
stock $700,000. Earnings,
Years.
Stock.
Ac., for five years were as follows:
Expenses. Profits.
$178,998 $87,643
227,206
176,993
50,213
1,817,880
271,658
181,731
89,927
1,671,867
1,500,000
252,604
183,625
68,978
1,658,491
1,500,000
282,643
198,815
83,827
1,658,491
Atchison Colorado d Pacific.—In February, 1880, the Waterville A
Washington, Republican Valley, Atchison Solomon Valley A Denver and
the Atchison Republican Valley & Pacific railway companies were con¬
solidated into a new company called the Atchison Colorad* A Pacific
Railroad Company, and a new first mortgage of $16,000 a mile, with
interest at 6 per cent per annum, issued to take the place of the first
mortgage bonds of the railroad companies named. The road is an exten¬
sion of the Union Pacifle Central Branch, by which the bonds are guar¬
anteed and the road is controlled, and the whole system is virtually
owned and controlled by Union Paciflc. (V. 30 p. 221.)
Atchison Jewell Co. d West—Under same auspices and control as
$1,817,582
Bonds.
Earnings.
$1,900,000
2,000,000
1,500,000
$266,641
Vicksburg Shreveport & Pacific aud the New Orleans & Northeastern
railroads. See V. 33, p. 22. '
Alabama Great Southet'n.—Dcc. 31, 1880, owned from Wauhatchie,
Tenn., to Meridian, Miss., 290 miles; leased,Wauhatchie to Chattanooga,
6miles; total operated, 296 miles. Northeast A Southwest Alabama
chartered Dec. 12, 1853. Reorganized as Alabama & Chattanooga Oct.
6,1868, and was opened May 17,1871. Default made Jan. 1, 1871, aud
road sold under foreclosure January 22, 1877.
Present company
organized November 30, 1877. New company assumed Receiver’s cer¬
tificates and issued new bonds for $1,750,000. The lands were conveyed
in full settlement to the holders of the $2,000,000 of Ala State bonds.
These lands (about 550,000 acres) are held by trustees. (V. 30, p. 117.) Atchison Colorado & Paciflc.
The road and equipment have been thoroughly renewed. Capital stock—
Atchison Topeka d Santa Fe—Dec. 31, 1880, mileage was as follows:
Common, $7,830,000, and preferred 6 per cent, $783,000; funded debt, Main Line—Atchison to Kansas State line, 471 miles. Leased—Kansas
$1,750,000, and Receiver’s certificates, $200,000 (of which $134,000 in City to Topeka, 66 miles; Pleas’t Hill to Ced. Junc.,Ka., 45 miles; Em¬
litigation, all valid certificates allowed by U. S. Court paid on presenta poria to Howard, 76 miles; Florence to El Dorado, 29 miles; Florence
tion). Gross earnings in 1879, $444,181, and operating expenses- to Lyons, 79 miles; Newton to Wicliita., 27 miles; Wichita to Arkansas
$356,283; net earnings, $87,897. Gross in 1880, $643,130; expenses, River, 69 miles; Wellington to Caldwell, 23 miles; Kan. State L. to 8.
$451,335; net. $191,795. (V.31,p.94; V. 32, p. 499, 611; V.33,p,125 . Pueblo, Col., 149 miles; Pueblo to Rockvale. Col., 37 miles: La Junta to
Albany d Susquehanna.— December 31,1880, owned from Albany, N> N. Mex. State L.f 96 miles; Col. St. L. to San Marcial, N. M., 354miles;
Y., to Binghamton, N. Y., 142 miles; branches—Quaker Street, N. Y.- Lamy to Santa Fe, 18 miles; San Marcial to Deming, N. M., 128 miles;
to Schenectady, 14 miles; Cobleskill, N. Y., to Cherry Valley, 21 miles;*
Laurence,Kan., to Coffeyville, 143 miles; Ottawa June, to Olathe, 32
total operated, 177 miles. Chartered April 19, 1851, and road opened miles; Cberryvale to Harper, 166 miles; Ottawa Junction to Burl, 43
Jan. 14,1869. Steel rail, 135 miles. Leased in perpetuity from Feb., miles; total leased. 1,580 miles. Owned jointly—Burlingame to Man¬
3870, to Delaware & Hudson Canal Company; rentals, 7 per cent on hattan, 57 miles. Total controlled and operated, 2,108 miles.
The Kansas City Lawrence & Southern Kansas was acquired by
stock aud bonds. Additions and betterments charged to lessors, and
cost made part of investment.
In 1871 lessees built the Lackawanna & purchase of the stock in Sept.. 1880, and the 5 per cent bonds due
Susquehanna Railroad from Nineveh to their Pennsylvania coal fields, Sept. 1, 1920, issued therefor (V. 31, p. 559), with sinking fund of 1 per
and secured the joint use of the Jefferson Railroad.
This opening cent a year. On Feb. 1,1881, 25 percent additional stock was issued
(See V. 32, p. 43.)
gave a large coal traffic to the road and to the other Delaware A Hud¬ to stockholders at par.
The Kansas City Topeka A Western is leased, and the lessee pays
son leased roads north from Albany to the Canada line.
The consoli¬
dated mortgage is for $10,000,000, of which $3,450,000 is to retire old interest on the Kansas City Topeka A West, bonds as rental. The New
bonds, and balance for a part of old stock and to lessee for improve¬ Mexico A Southern Pacific is leased for thirty years at 37 per cent
ments. Gross earnings in 1879-80, $1,538,982 ;• net, $657,288, against of gross earnings and a rebate of 15 per ebnt on all business to and from
$558,268 in 1878-9 arid $456,580 in 1877-8. Interest, dividends and the Atchison Topeka & Santa Fe Road. The 5 per cent bonds were
issued for stocks purchased, and 4*2 per cents for extension of the
rentals in 1879-80, $721,371. Loss to lessees, $64,083. (V. 29, p. 581;
line to El Paso, and have the 6 per cent mortgage bonds of the
V. 31, p. 357, 483; V. 32, p. 99. 205.)
Rio Grande Mexico & Pacific and the Rio Grande & El Paso roads
Allegany Central.—Narrow gauge road from Olean, N. Y., to Swains,
61 miles. The road was nearly completed January 1, 1882.
issue is $600,000, and the bonus are redeemable any time at
The total
105.
Allegheny Valley— Dec. 31,1880, owned from Pittsburg, to Oil City,Pa.,
132miles; branches—Red Bank, Pa., to Driftwood, 110miles; others, 17
miles: total operated, 259 miles. Chartered April 4,1837. Road opened
through to Oil City (132 miles) Feb. 2, 1870. Low-Grade Div., Red Bank
to Driftwood (110 miles) opened May 4,1874. The company became em¬
barrassed in 1874 and compromised with its creditors. It still falls short
of earning interest liabilities, which amount to $1,630,000 a year, viz.:
on
mortgage bonds, $1,152,000, and on income bonds, $478,000. The
amount of income bonds authorized is $10,000,000; these receive all
revenue left after interest on prior liens, and any deficiency is made up by
additional issues. The ineomefcoupon for Oct. 1,1881, received $12 00
in cash and balance In bond scrip.
Of the income bonds the Pennsylvania
RR., Northern Central and Philadelphia A Erie hold $4,587,000, the
interest on which is paid altogether in bond scrip; the bonds held by
individuals are paid in cash and scrip. Interest, Ac., in 1880 in excess of
net earnings, $315,109. The earnings, Ac., for live years were as follows:
Freight (ton)
Gross
Net
Passenger
Years.
Earnings.
Mileage.
Earnings.
Mileage.
98,029,140
$2,438,254
$1,083,796
J876
14,939,%27
106,609,036
2,492,080
1,144,972
}877
19,833,405
84,077,541
1,910,222
915,727
J£78
15.974,054
_
.
$79
761,835
94,606,809
1,745,316
13,976,446
107,352,410 .
1,919,528
16,119,027
832.301
-(V. 30, p, 463; V. 31,p. 381; V. 32, p. 367, 525 ; V. 33, p. 440, 467.)
Amador Branch—^Galt, Cal., to lone, Cal., 27 miles. Leased in perpetuity from Jan. 1,1877, to Central Pacific—rental $3,500 per mouth.
Stock, $675,000. Leland Stanford, President, San Francisco.
Asheville d Spartanburg.—Road, as projected, extends from Spartan1°80
cent, rising
as security for them. The sinking fund is 1*2 per
to 3*2 by 1910.
,
A dividend of 50 per cent in stock voted Oct. 7 to stockholders
record October 24; also a subscription of 15 per cent new stock at par.
The total capital stock when all Is issued—$54,337,500. See V.
p.
An agreement wds made in Feb., 1880, with the 8t. L. A San
the joint construction of a line to the Pacific,
name
For terms see 8t. Louis & San Francisco in this Supplement, and alao
the circular published in Chronicle of April 24,1880
The company
deposited
of
33, 411.
Fran., for
of Atlan. APac.
in
1879 was engaged in sharp litigation with the Denver * A Rio Grande. In
January, 1880, by terms of mutual agreement, the suits were all termin¬
ated. The agreement is to be binding for ten years, and a judicial decree
under
was
entered to affirm this settlement.
published in the Chronicle, V. 32,
years was as
follows:
INCOME ACCOUNT.
1877.
$
Disbursements—
Rentals paid
Interest on debt
Dividends
Sundry debits
Gold premium
Exp’ses Boston office.
Miscellaneous
Balance, surplus
*
The annual report for 1880 waa
442.
Income, etc., for four
p.
1878.
$
1879.
1880.
$
$
1,191,856
1,928,589
3,748,410
4,302,837
279,921
833,653
401,267
790,513
836,772
795,446
691,311
72,812
864,273
734,527
25,734
17,733
45,799
4,083
30,199
1,727,195
35,125
40,490
22,108
14,124
20,691
634,620
1,311,579
941,717
1,191,856
1,928,589
3,743,410
4,302,837
Included in operating expenses.
RAILROAD STOCKS AND BONDS.
XVI
Subscribers will coulter a great
favor by giving
first page
of tables.
Miles
of
Date
of
Size, or
Road
Bonds
Value.
1879
1877
1877
1878
1877
1877
1880
$1,000
AlekUon Topeka d Santa Fe-(Continued,)—
Marion A McPherson, let mort., guar
Pleasant Hill A De Soto, let M., gold
Florence El Dorado AW., let mortgage, gold
New Mexioo A 80. Pacific—let mortgage, gold—
Atlanta d Charlotte.—New prof, wort
Mortgage bonds.
Income bonds, registered (not cumulative)
Atlanta d Went Point—Stock
Debenture certificates
*44
31
380
265 *2
265h
1880
sterling, 5-20 years
do
Augusta d Savannah—Stock
Said Eagle \alley—Gcn’l mort.,(s. f. $4,000 per yr.»
Baltimore d Ohio—Stock
Preferred stock
Loan, 1853
1870,sterling, £800,000, sink, fund
do
Baltimore loan, 1855-’90, sink, fund
Sterling mortgage, sinking fund
Sterling mortgage, sinking fund
Purchase of Coimeilsv. RR (payable $40,000 y'ly)
Loan, ster., (s. f. £7,500) lieu on Chic, line bonds .
Bonds on Parkersburg Branch
Northwestern Virginia. 3d mortgage, 1855-85 ...
Bonds to State of Maryland
Baltimore d Potomac—1st M (tunnel) gold, e. f. 1 p. c.
let mort., road, gold, coupon, s. f. 1 per cent
2d mortgage, income, road and tunnel, reg
18»0
1,000
310,000
5,610,000
1,000
1,000
.
£100
5,484,000
in 64
£100
£100
100
1,499,916
712,932
'1871
1880
1,000
1O0
100
1853
1870
1855
1872
411
1874
421
1875
1877
263
1879
104
1855
1878
1*2 1871
1871
89
90
1875
iioo
£200
£200
1,000
1,000
1,000
1,000
$337,700. Surplns, $26,437. Two per cent paid on incomes,
443 ; V. 33, p. 687.)
In April, 1881, a controlling interoat in the stock was
M. Wadley and others for the Central Georgia,
a
100 per cent was afterward declared in debenture
purchased by W.
stock dividend of
certificates. Gross
earnings in 1879-80, $368,130; net. $153,319; in 1880-81, gross, $418,054; net, $107,634. (V 20, p. 300; V. 31, p. 121; V. 32, p. 444,
and
635; V. 33, p. 224.)
Atlantic d Pueific.—Road completed from Albuquerque, on Atchison
Top. & Santa Fe, about 300 miles, to the close of 1881, and in progress
to Big Colorado River. The company is building a Pacific line, of about
€06 miles, in connection with the At-ch. Top. A Santa Fe and the St. L. A
Bon Fran., which companies guarantee 25 per cent of the gross earnings
over their respective lines to aud from this road, one year after its eomends
Slotion,
provided
its own
earnings
tire insufficient
to payforcolumns.
The
a bonus
of $750
sold, with
in income bonds
enen $1,000
were
mortgage.
85,000 each
The 1st mort. cou. bonds are $1,000 each
and reg. bonds
The stock authorized is $100,000,000, and issued to July,
owned by the Atoh. Top. A 8.
1681, $19,760,300, of which uearjy till is
Fe and the St. Louis A San Francisco companies equa'ly, and he’d in
trust for 30 years for those two companies. The land grant
under the old Atl. A Pacific grant is 25,600 acres per mile m Territories
and 12,800 acres in States, and on completion of the first 50 miles, Oet.,
claimed
1880, the U. 6. Attorney General held the company was entitled to lauds
on that section.
See Chronicle, V. 30. p. 433; V. 3l,p. 204, 428, 452,
482, 534; V. 32. p. 182, 676; V. 33, p. 99, 356, 357, 467, 621.)
Atlantic d St. Lawrence.—June 30,1880, owned from Portland, Me., to
Ifliand Pond, Vt., 149*2 miles, there connecting with Grand Trunk of
Canada, to which leased for 999 years, August 5.1853, at a rental
equal to 6 per cent on stock and bond Interest. Capital, $5,484,000,
of which $27,000 is in U. S. currency. (V. 27, p. 147.)
Augusta d Savannah.—Sept. 1,1880, owned from Millen to Augusta,
Qa., o3 miles. Chartered as Burke County in 1838 and opened in 1854.
Leased to Central of Georgia for $73,000 per annum. Has no bonded
debt. The capital ($l,o22,9O0) represents its cost. Dividends of 3*2 per
cent are paid June and Dec. each year. Has a considerable surplus fund.
Bald
Eagle Valley.—Deceml>er 30,1880, owned from
1876-90.^
1,022,900
400,000
14,792,566
5,000,000
1,710,000
2.755,110
Atlanta d West Point.—June 30.1881, owned from East Point, Ga., to
"West Point, Ga. 81 miles; leaned, 6^ miles; to till operated, 87 ^ miles.
first
7,500,000
1,189,905
Vail Station, Pa.,
Pa„,
toLockhaveu,Pa., 51 miles; branefi, Milesburg, Pa., to Beliefonte,
3 miles; total operated, 54 miles.
Opened December 7, 1864,
2,718.748
8.326,115
8,981,136
800,000
7.741.000
3,000,000
140,000
366,000
1,500,000
3,000,000
2,000,000
Boston.
O.
New York, Office.
O.
do
J.
O.
J. Atlanta, Ga., at Treas’y.
A. A
A. A
J. A
A. A
J. A
pal,Wlien Due,
Stocks—Last
Dividend,
N.Bk. of Republic Oct. 1, 1900
Boston, Everett N. Bk.
A. A O. Boston, Bk. of No. Am.
7
7
6
787,000
150
150
53
54
595
A. A O.
4,232, v 00
1,232.200
795.000
150
A. A 0. Boet.,
7 g.
7 g.
7 g.
6
Payable, and by
Whom.
7
750,000
10,(XV>,000
1000Ac.
50 Ac.
100.381,428,482,550. 588,
V. 33, p. 23, 357, 411, 502.)
(V. 30, p. 272, 432; V. 32, p.
4,250.000
500
100
Ati. Air-Line,
Carolina,
fta, Carolina and Ga. The whole road was opened for traffic Sept. 28,
1B78. Soon after completion default was made, and the property passed
tp a receiver November 25, 1874. Sold under foreclosure December 5,
4876, and purchased by the bondholders, who formed the existing cor¬
poration February 27,1877, and possession was taken April 16, 1877.
OnMaioh 26, 1881, the road was leased totho Richmond A Danville.
The line forms the Southwestern Division ot the Piedmont Air-Line
fonder control of the Riehmoud A Danville Railroad), extending from
Richmond, Vo., to Atlanta, Ga., 550 miles. Capital stock $1,700,000.
Total receipts in 188u, $951,688; expenses, $587,550; net, $364,137.
Interest, Ac.,
Pay’ble
-*Tiuci
DIVIDENDS,
Where
When
Cent.
500,000
1,000
Atlanta d Charlotte Air-Line .—Dec. 31,1880, owned from Charlotte,
N. C., to Atlanta, Go., 269 miles. Successors of Riolim. A
which was a consolidation (1870) of three separate lines in No.
April, 1881.
discovered In these Tables*
Bond*
Rate per
$004,000
120,000
Land grant estimated to be 2,932,784 acres, of which 1,016,431 acres
) sold to January 1, 1881: in 1880, 78.241 acres were sold, for
>,327, or $4 99 per acre. (V. 30, p. 16,42, 143, 168,1.91,383. 408
>,491.504, 533. 543,074; V. 31, p.
606; V. 82, p. 43, 99,182, 420, 431, 442;
Amount
Outstanding
500
1881
for dividend.
rg.($2~>,000p.m.onWJL>.)
Income bd*., non-cam’tive, ($18,750p.m onW.D,)
1st RR. <v Jaud giant bonds on central Division.
1st land grant bonds on Central Division
Atlantic <£ St. Laurence—Stock ($5,457,100 stg.)..
1st mort. to City of Portland (sinking fund)
do
par
87
Ail. d Poe. —1stg.,s.f.,cp.or
2d mortgage,
do
3d
Immediate notice of any error
INTEREST OR
DESCRIPTION.
on
[vol. xxxxn
1907
July l. 1907
April 1, 1909
April 1,1897
Jan. 1. 1907
April 1, 1900
Aug. 1. 1881
....
....
J. New York and Boston.
A O.
A N.
New York.
do
Mat.
A 8. London, Gr. Trunk Rw.
A N.
A. A O. Ixmdon, Gr. Trunk Rw.
do
do
M. A N.
Ravannah.
J. A D.
3*s
J. A J. Pkila.,Far.A Mecli.N.Bk
6
Baltimore Office.
M. A N.
5
J. A J. Balt., Merchants’ Bank.
3
Baltimore Office.
A. A O.
6
London.
M. A S.
6
Baltimore, Office.
6 £• J. A J.
London.
6 g. M. A 8.
M. A N. London, Speyer Bros.
Baltimore. Office.
J. A J.
ft
J. A D. Lon.. J. S.-Morgau A Co.
A. A O Balt. A N.Y., D. M A Co.
6
J. A J- Balt., Balt. A O. RR. Co.
6
do
do
6
J. A J
6 g. J. & J Balt or London or N.Y.
A. A O. Philo., Penn. RR. Co.
6 gBaltimore.
J. A J.
6
J.
A.
M.
At
M.
M.
6 g.
6
6
6
3
6
6 g.
6 g.
A
8*-
Miles.
t
Broadford to Mt. Pleasant^Pa.
Counellsville to Uniont’n, Pa.
Bellaire to Columbus, 0
10
13
137
July 1, 1910
Oct.
1.
1910
1901
1901
Sei't. 15, 1881
'ov. 1, 1886
Oot. 1, 1884
May
l, 1891
Dec. 2, 1*81
Jau. 1. 1910
Nov. 1, 1881
Jau., 18»2
1885
1895
1890
Mcli. 1, 1902
1910
1861-1900
June 1, 1927
AprU 1,1919
1885
July 1, 1888
July 1, 1911
April 1, 1911
Jan. 1, 1915
Miles.
Chicago Junction, O., to Illi
nois Junction, III
263
902
Sandusky to Newark, 0
116 Total leased and controlled
Tot. operated Sep- 30,1880.1,450
Newark,O., to Shawnee, O...
44
An abstract of the last annual report is given in tlio Chronicle, Vol.
..
following extracts are quoted therefrom. The
showed an increase for the year of $1,697,036.,
against $2,356,984 in 1879-80. It will be seen by this accouut that the
nominal surplus fund, whioh represents invested capital derived from
net earnings, and which is not represented by either stock or bonds,
33, p. 586, and the
profit and loss account
$42,258,680.
and net earnings of tbo main stem and its branches and of
the other divisions, for the last fiscal year, as compared with 1879-80,
amounts to
The gross
were as
follows:
/—Earnings, 1879-80.—n ,—Earnings,
Gross."
Net.
Gross.
$11,229,880 $5,172,980
Main Stem, Ao
246,496
371,829
Central Ohio Division.
Lake Erie Division
1,003,565
847,221
Chicago Division
Pittsburg Division
Wheeling Pitt.sb. A B..
Newark S. & S. RR....
1,548,994
2,238,481
1,011,827
8.594
353,570
712,158
1,006,025
899,791
1,638,661
2,500.548
53,557
224,649
88,259
177,304
Parkersburg Branch
..
50,390
311,454
208,853
566,673
Net.
$11,122,259 $4,846,615
108,535
314,405
860,160
Washington Branch...
1880-81.—>
-
72,422
228,267
112,373
453,069
1,121.473
1,094
41,548
$7,073,39$
of the Main Stem, with all branches
whole gross revenue* being
Eight hundred and fifty
east of the Ohio River are
now laid with steel mils.
The increased cost of steel thus continuously
substituted for iron rails has been charged to the repair aooouut as uni¬
Total
$18,317,740 $7,986,970 $18,163,877
The aggregate working expenses
and divisions, were 61-69 per cent of the
5-30 per oent more than the preceding year.
miles of track of the Main Stem and branches
formly heretofore.
The report had the following remarks: “ The needlessly low and unremnnorative rates under which a large amount of traffic has been trans¬
ported by the trunk li es has materially reduced the net resul a
past year as compared with those of the preceding years.
in the surplus fund for the year ended 30th Sept, 18S0, was
984, wffiilo for 1881 it has been $1,697,038. thus showing a
aecroaso of net results, with a largely increased business, of $659,946.‘J
*
*
“ The effect of the extremely low
rates injudiciously forced
of the
The increase
$2,356*comparative
*
upon
the road has been, in consequenoo
of the very small amount of
1880,
on
stock, to reduce its net earnings from upward of 6 per cent in
its surplus fund of September 30tli, 1879, $38,204,657, after the pay¬
ment of o-ish dividends to its shareholders, to 4 per ceut in 1881. unite
for the
surplus fund of September 30th, 1880, $40,561,642. The result
fiscal year, under these adverse circunistancee, shows, in excess of the
cash dividends, a net gain aud consequent increase of $1,697,038 ot
that fund. It is shown by the report of the transportation department
that the tonnage of through merchandise east and west has been 2,014.110 tons, while in the preceding year it wras 1,980,397 tons, and
1,425,629 tons iu 1879; 959,568 barrels of flour, ns compared
598,992 barrels In the preceding year, and 20,329.858 bushels of .grain
with
bronght to Baltimore during the fiscal year.”
Dividends for 5years, 1872-77, 10 percent; for 1877-78,
w7ere
7*2 P$rcent;
percent; for 1879-80, 9 per cent; for 1880-81,10per
cent.
The three dividends from May, 1878, to May, 1879, inclusive,
were paid in stock.
Results of operating all lines ow ned and
for the five years 1876-81 :
Net Earnings.
Operating Expenses.
Years.
Gross Earnings.
$4,982,805
$8,226,055=62-28 p. c.
$13,208,860
for 1878-79, 8
controlled
5,995,978
7,769,301=56-44 “
13,765,279
6.502,385
7.691,595=54-18
“
14,193.980
7.986.970
10.330,770=56-39
“
18,317,740
7.073,398
390
479=61*69
11
“
18,463.877
The Baltimore A Ohio direct bonds of 1879 on Parkersburg Branoh are
secured by deposit of mortgage on that road. (V. 30, p. 544; V.31,
p. .533. 535 ; V. 32, p. 230, 266, 299, 312, 334, 437; V. 33, p. 411,
575,586,641.)
Baltimore d Potomac.—Dec.31, 18S0, owned from Baltimore, Md., to
Baltimore d Ohio.—September 30, 1880, mileage was as follows:
Bowie, Md., 24 miles; Bowie to Pope’.s Creek, 49 ini'es; branch—Bowie
Milos. to Washington, D.C.,17 miles; total operated, 90 miles. Chartered in
Miles.
19 1853; road opened to Washington in 1872 and to Pox>e’s Creek in 1873.
Balt, to Wheeling (main)
370 Winchester to Strasburg
49 Bjiltimore Tunnel opened in summer of 1873. The road is controlled by
Branches—To Ixicust Point
5 Strasburg to Harrisonburg...
the Pennsylvania Railroad Co., and first mortgage bonds guaranteed by
Camden cut-off
2
113 Pennsylv ania. Railroiul and Northern Central Railroad Companies. Capi¬
Junction to Frederick City.
3 Total branches leased
liabilities
and
Pt. of Rocks to Washington
43 Total B.AO. main and brehes. 548 tal stock, $3,553,250, funded debt, $6,500,000, and other
Road
and equipLeased and controlled—
d loss,
Bridges
3
201;
Relay House to Washington..
and
Pennsylvania Railroad Compan}' for 99 years.
The
branch is the joint property of the lessors aud lessees. Rental, 40 per
oent of gross earnings. Interest, $24,000, and dividends (January aud
July, each 2*3 per cent), $27,500. In July, 1881,4 per ct. div. was paid.
Stack, $550,000. The gen. mort., dated Jan. 1, 1880, was provided for
the replacement of the two series of bonds.
In January, 1881, pur¬
chased the Beliefonte A Snow Shoo road for $300,000, as reported.
-(V. 27, p. 486; V. 32, p. 99, 396.)
leased
to
..
Total owned
435
Parkersb’g, W.Va.
Wheeling to Washington, Pa.
Pittsburg to Cumberland,Md.
Branches leased--
Hyattsville to Shepherd, Md.
Winchester to Harper’s Ferry
Grafton to
13
32
Hickman
Run
Jimtovvu, Pa
Junction
to
502
-
-
profits, $173,570; interest, $272,317. Gross in 1880. $790,147 ; ex¬
penses, $632,663; profits, $157,484; interest, $272,342. Deficiency,
or guarantors’loss in 1880, $ LI 4,858; in 1879, $98,746.
Income bonds
w’holly held by Penn. RR. Co. (V. 28, p. 598 ; V. 30, p. 493, 588 )
VECEUBm,
RAILROAD STOCKS AND BONDS.
mi.]
XYli
Subicribert will confer a great favor by giving Immediate notice of any error discovered In these Tables*
DESCRIPTION.
For
Mile#
Date
of
of
Amount
Par
explanation of column headings, &c., eee notes
Road. Bonds Value. Outstanding
on first page of tables.
BeUcviUe d South. 111.—1st M.. sink’g fund, guar....
Beirut ere Del.—1st mort. due 1877, extended, guar
2d mortgage bonds of 1854 (guar, by C. & A.)
3d mortgage bonds of 1857 (
do
do )
Consol, mortgage of 1876
Pennington d Rutland— 1st mortgage.
Berkshire-Stock.
Albany—a took
Plain bonds, coupon or registered
Loan of 1875, coupon or registered
Boston Barre d Gardner.—1st A 2d mortgages
Boston d
3d mortgage (convertible into stock)
post. Clin.# FitcUb.it: N.B.—Stock ($1,750,100 pref.)
1st mortgage, Agricultural Branch
Mortgage bonds 1869-70
56
64
64
64
84
59
22
324
....
38H
....
151
29
43
58
Bonds
1876-9.03
Equipment notes
Bonds, guar, by lease to Old Colony
Boston Concord <6 Montreal—Old preferred stook...
Com. and new pf. stook (new pf. stook is $540,400)
Sinking fund bonds
Consolidated mortgage bonds (for $2,000,000)
Improvement mortgage bonds
Bost.Hoosac Tunnel dWest.—Stock (for $10,000,000)
1st mortgage, gold ($25,000 per mile)
Boston <6 Lowell—Stock—
Bonds
120
166
160
166
57
82
-
Bonds
Bonds
—
Lowell <fc Lawrence
Salem & Lowell
Boston d Maine—Stock
Bonds, coupon and registered
Boston d New York Air-Liner- 1st mortgage
$1,000
1,000
1854
500
500
1857
1876
1877
•
•
•
•
•
•
•
•
1.000
1,000
1,000
100 dec.
....
1881
•
....
•
•
•
....
100 dec.
1864
*69-’70 500 dec.
1874
1,000
1880
1,000
1,000
1875-960.
20,000,000
5,000,000
2,000,000
554,000
100,000
1858
1873
1831
100
100
100 dec.
200 dec.
500
1881
1,000
....
500
....
1872
1875
1876
1879
....
•
•
•
•
....
....
204
•
.
•
•
58
100
....
Operated in eonnection with the
Belleville Branch of St. Louis Alton & Terre Haute Railroad, and ex¬
tended from Duquoin to El Dorado, 50 miles, by the Belleville & Ei
Dorado Railrord Co. Except on coal and ore, contributes business of
Belleville & El Dorado Co. 30 per cent.
Belvidere Delaware.—Dec. 31, 1880. owned from Trenton, N. J., to
Manunka Chunk, N. J., 67 miles; Millliam Cut-off, 1 mile, Flemington
Railroad, 12 miles; total operated, 80 miles.
Chartered March 2, 1853.
to United Companies, and transferred
Where Payable* and by
Whom.
Payable
Stocks—Last
Dividend.
8
6
6
6
7
7
A. A
J. A
M. de
F. A
J. de
M. de
1%
Q.—J. Stockbridge, Treasurer. Jan. 1,
Dec. 31,
Boston, Office.
Q.-J.
F. & A.
do
Feb. 1*
do
J. A J.
July 1,
A. A O. Worcester, City Nat. Bk. April 1,
6
5
6
J.
O.
D.
Philadelphia, Pa. RR.
8.
Philadelphia.
N. Y.. 39 Wall street.
Oct. 1* 1896
1902
1885
A. Philadelphia, Pa. RR.
J. Treasurer. Trenton, NX
N. N.Y., Union Trust Co.
do
de J.
1887
Jan.
Nov.
m
11887766--0909..
m
6 g.
2
7
7
6
5
6
6
4
7
5
226,900
7,000,000
3,500,000
500,000
J. A
A. de
M. de
J. A
J. de
A.
A.
M.
J.
F.
de
&
de
de
de
J.
O.
8.
J.
J.
O.
O.
N.
J.
A.
1892
1895
1893
Jan. 1. 1910
Nov. 15,1881
1889
1893
1911
1911
Jan. 2, 1882
April 1, 1892
March 1,1895
July 1, 1896
July 1, 1899
Oct. 1, 1897
Oot. 1, 1898
Nov. 15,1881
Boston, at Office.
do
do
1881
July 1. 1894
*81/82/83 *85
New York and London.
Boston, at Offioe.
do
do
do
do
do
do
do
do
do
do
do
do
N.
1882
Oct. 15,1881
JuBr 1, 1884
1889 A *90
m
'
(?)
3,940,000
999,500
500,000
750,000
620,000
Jan.* 1893&94
Y., Hatch & Foote.
1
it is not certain
common,
•
1, 1916
1, 1907
189^
do
3,059,600 3*2 onpf.
Boston, Office.
6
J. de J. Boston, Boston N. Bank
400,000
7
do
do
552,000
J. de J.
7
J. de D.
do
do
400,000
6
Various
do
do
650,000
5
J. de J. Boston, N. E. Trust Co.
1,615,000
3
M. de N.
800,000
Boston, Office.
1,000,000
6
J. A J.
202,000
Boston* Office.
6de 7
A. A O.
do
do1,905,500
6
J. de J.
do
do
500,000
1873-4 500 dee.
1880
1,000
Interest on bonds and sinking fund $5,000 per year, guar¬
anteed by lessee's. Common stock, $430,000; preferred 8 per cent stock,
$1,275,000, non cumulative. Dividends on preferred stock have been:
4*2 in 1881; 4H m 1880; $1 05 in 1879; 62c. in 1878; 68c. in 1877; 65c.
pal,When Due.
When
2
7
200,000
$147,344.
$1 80 in 1875; $1 in 1873.
475,000
600,000
1,000
Belleville d Southern Illinois—Dec. 31,1880, owned from Bellevillo
Ill., to Duquoin, Ill., 56 miles. Chartered Feb. 15,1857; opened Dec. 15
1873, and leased Oct. 1,1866, to St. L. Alton & Terre Haute Railroad Co
Loase rental 40 per cent of gross earnings up to $7,000 per mile; 30
per cent above $7,000 and up to $14,000 per mile, and 20 per cent on
any excess of $14,000 per mile. Rental tor 1879, $116,490; for 1880,
in 1876;
1,200.000
100
1872
1875
Rate per
Cent.
$1,059,000
1,000,000
499,500
745,000
100
....
....
Bonds
1866
1877
Bonds—Princi¬
INTERE8T OR DIVIDENDS
Size, or
as
to the division of any surplus.
221.)
(V. 30, p.
Boston Concord & Montreal.—March 30,1881, owned from Concord,
N. H., tc Wells River, N. H., 94 miles; branches—Wells River, N. H., to
Groveton Junction, 51 miles; Wing Road to Mt. Washington, 22 miles;
total operated, 167 miles. Chartered in 1844 and road opened in 1853.
Purchased White Mountain Railroad (53 miles) in 1872, and built the
Mt. Washington Branch (20 miles) in 1874. An extension of the White
Mountain Railroad from Littleton to Groveton Junction is mortgaged.
Fiscal year ends March 31.
Years.
Gross
Expenses,
Miles.
Earnings.
160
167
167
167
$693,355
649,308
Taxes, &c.
$511,343
167
167
457,377
453,172
388,932
477,251
586,172
654,272
590,550
678,123
797,556
Available
Revenue.
$182,012
181,931
201,100
201,618
200,871
211,383
opened Nov. 3,1865. Leased
The old preferred stock ($800,000) has received 3 per cent semi-annually,
Pennsylvania Railroad March 7, 1876, by which operated as their
Belvidere Division. Rental, {ill surplus earnings; but the first, second amounting to $48,000 a year. Neither the new preferred nor the com¬
mon stock has paid dividends.
(V. 28, p. 577 ; V. 30, p. 599 ; Y 32, p.
and third bonds are guaranteed. Capital stock, $994,050.
334, 444, 635; V. 33, p. 384.)
and
to
Bennington d Rutland.—December 31, 1880, owned from Rutland
to Bennington, Vt., 57 miles;
branch, North Bennington to New
York State Line, 2 miles; total, 59 miles.
Chartered as Western
Vermont in 1845, and completed in 1854. Leased in 1857 to Troy &
Boston for 10 years at $36,000 por annum. Consolidated in Ilarlem
extension in 1870. and leased to Central Vermont in 1873, but lease
abandoned by lessees. Since September 10,1877, the Vermont division
(as above) operated by the re-organized Bennington & Rutland. Stock
$1,004,000 (par $100), and bonds $475,000; total, representing cost ot
road
($25,008 per mile), $1,479,000.
Interest liability, $32,250
a year.
Berkshire—Sei^t. 30, 1831, owned from Connecticut State Line to
West Slockbridge, Mass., 22 miles. Chartered in 1837, and road opened
in 1842. Leased in perpetuity to Ilousatonic Railroad Company at 7
percent on capital stock und cost of road ($27,273 per mile), $600,000.
Lessors pay taxes,
&c., which reduced the dividends to less than 6 per
cent, and tlie quarterly dividend due in October is usually omitted.
as the Housatonie’s main line in Massachusetts.
Used
Boston d Albany.—Sept. 30, 1881, owned from Boston, Mass., to
Albany, N. Y., 202 miles; Springfield to Athol, 49 miles; numerous
branches, 48 miles; leased lines, 74 miles; total operated, 373 miles.
TheB. &A. was formed (Dec., 1867) by the consolidation of the Bost.
& Worcester and the Western railroads.
The report for the year 1880-81
says in regard to the tralliu earnings: *‘It will be noticed that the
receipts for freight have fallen off about $200,000, while the tonnage
has increased 283,000. The loss in receipts is partly owing to the fierce
competition between the trunk lines for business between the seaboard
and the West, wThich has reduced the rate on through traffic to a point
never before dreamed of; hut more to a general reduction of about onesixth in the local tariff, which went into effect January 1.” Results of
operations lor five years were as follows:
Years.
Miles.
322
322
324
Passenger Freight (ton)
Gross
Net
Div.
Mileage.
Mileage.
Receipts. Receipts.* p. ct
8
103,278,126 313,822,671 $6,780,597 $2,167,831
101,221,955 329,708,573
6,633,534
2,219,536
8
101.248,321
325,484.799
6,427,463
113,154.374 375,452,804
7,741,118
373 135,421,102 417,108,612
7,875,285
*
Net receipts include income from rents, &c.
(V. 31, p, 44,152, 412; V. 33, p. 224, 467, 561, 714.)
2,703,638
2,492,618
2,186,873
8
8
8
Boston Baire d Gardner.—Sept.
30, 1881, owned from Worcester to
Chartered in 1847, and road completed
Leased Monadnock RR. for 99 years from October 1,1874,
Gross receipts in 1879-80, $183,866; net, $40,454.
33, p. 200.)
Boston Clinton Fitchburg d New Bedford
Interest has
cent, $27,715.
(V. 32, p. 444; V.
Sept. 30,1881, owned from
Fitchburg, Mass.,to New Bedford, Mass., 91 miles; branches, 34 miles;
leased, Framingham & Lowell RR., 26 miles; total operated, 151 miles.
Consolidation (June 1,1876) of the B.C. & F. and the N.B. railroads, both
of which had been consolidations of other original lines. The Framing¬
ham & Lowell is leased for 998 years and 4 months from October, 1879.
The whole property was
Boston d Lowell.—Sept. 30.1880, owned from Boston to Lowell (double
and steel), 27 miles; branches—Salem & Lowell, 17 miles; Lowell A
Lawrence, 12 miles; others, 19 miles; leased, Middlesex Central and
branch, 12miles; total operated, 87 miles. Chartered in 1830, and line
between Boston & Lowell opened in 1835. The Lowell & Lawrence and
Salem & Lowell Railroads, operated for some years under lease, were
purchased and consolidated in 1879, the B. & L. assuming tneir bonds,
which cannot be paid off before maturity. A joint business was formerly
done between the Boston & Lowell and the Nashua <sc Lowell, but from
December. 1878, they were under separate managements until the B..&
Lowell leased the N. & L. for 99 years from Oct. 1,1880, hut the lease
was held invalid.
The B. & L. has made a contract with the Mass. Cen¬
tral to operate the hitter road when completed.
$650,000 new stock
issued in January, 1881, the holder of five shares of old being entitled
take
one
to
share of new stock at par.
Years.
....
—
leased (Feb. 1,1879) to the Old Colony Railroad
Co. for 999 years, the lessees agreeing to pay as rental 102* per cent of
the gross earnings of the consolidated roads. The rental and other
income for the year ending Sept. 30, 18 Sl°, was $401,498, which left,
Gross
Net
Receipts.
$1.137,768
Receipts.
$3 48,007
1,081,066
319.528
392,580
422.698
1.198,962
1,399,316
Payments
/
Rentals.
$93,309
Boston d
—
Int. & rnisc. Div.,p. c
$145,890
94.718
116,349
2
67,598
161,890
259,318
3
4
4,292
Dividends were 8 per cent up to close of 1873;
—(V. 31, p. 482, 509, 557; V. 32, p. 39, 43; V.
6^ per cent in 1873-74.
33, p. 225, 254, 357.)
Maine—Sept. 30,1881, owned from Boston, Mass., to Portland.
Me., 115 miles; branches, 11 miles; leased—Wakefield to Danvers, lO
miles; Lowell to Ballardville, 10 miles: Bradford to Newbury port and
Danvers, 27 miles; West Amesbury to Newton, Mass., 4 miles; Dover,
N. H., to Alton Bay, N. H., 29 miles; total operated, 206 miles, less 3
miles leased. Main line one-third double track and all steel rail. Char¬
tered in 1839, aud road completed to Bouth Berwick in 1845 and to
Portland in 1873.
Years.
Winehendon, Mass., 37 miles.
in 1874.
and lease transferred to Cheshire RR. in June, 1880.
been reduced to 5 per cent. Interest liability at 5 per
Boston Hoosac Tunnel d Western.—Sept. 30. 1881, owned from Mas¬
sachusetts State Line to Schenectady, N. Y., 57 miles. Projected line,
lloosac Tunnel, Mass., to Buffalo, N. Y., of which 400 miles are located,
and 200 under construction. W. L. Burt, President, Boston, Mass. (V.
31, p. 370; V. 32, p. 69, 500, 611, 635 ; V. 33, p. 384, 467, 716.)
...
-(V. 29,
p.
Gross
Expenses
Net
Outside Av’il’ble Div.
& Taxes. Earnings. Receipts. Revenue, p.c.
Earnings.
$2,173,202 $1,518,854 $654,348
$93,817 $748,165 5
2 100,741
1,359,367
741,317
83,717
825,091 6
2,149,857
1,354,755
795,102
88,964
884,066 6
2.438,270
1,511,018
927,252
94,382 1,021,634 7*a
2.601,215
86,300 937,659 8
1,749,856
851,359
535; V. 30, p. 15; V. 31, p.556; V.32,p.l5; V.33,p. 641.>
Boston d New York Air-Line.—April 30,1881, owned from New Haven*
Conn., to Willimantic, Conn., 50 miles; leased Turnerville to Colchester,
4 miles; total operated, 54 miles. Formerly the New Haven Middletown & Willimantic.
In 1879 a pooling agreement (for 99 years and 8
months from Feb. 1,1879) was made with the N. Y. New Haven & Hart¬
ford RR., under which the B. & N. Y. A.-L. received 6 per cent of the
gross earnings of all lines operated, out of which its operating expenses
are
paid.
By arbitration in 1880 the percentage was reduced to 5 per
pref. stock, $2,767,500;
A W. RR. bonds, con¬
vertible into stock. Net earnings, $156,872. One per cent dividend
jtfter
paying all charges, a surplus of $110,597 applicable .to dividends. paid on pref. Dec. 1,1831. (V. 31, p. 152, 357, 331, 588; V. 32, p. 635 ;
The preferred stock takes 7 per cent per annum first, and after 7 on the V. 33, p. 411, 559.)
cent for five years. Common stock, $818,000;
par $100. Tnere are also $232,500 N. H. M.
RAILROAD STOCKS
XV111
Subscribers will confer a
DESCRIPTION.
For
explanation of column
on
boston d
Date Size, or
Par
of
of
Road. Bonds Value.
Outstanding
$100
$4,000,000
Miles
headings, Ac., see notes
first page of
giving Immediate notice
^reat favor by
tables.
64
Providence—Stock
branches, coupon or
1873
1879
1881
1881
registered
Brooklyn Elevated —1st mort., gold
Receivers* certified, payable in cash or 1st M. bds.
Bonds to purchase
187-90.
bonds
Bi’ooklyn d Montauk—Stock
South Side, 1st mortgage
Income
New mort.
-
($1,100,000 is pref.)
100
..
(for $1,000,000)
1st
1st
1st
2d
mort., gold
$7,500,000), coup
mortgage (W. A F. RR.)
mortgage (Oil Creek RR.)
mortgage (Un. A Titusville
mortgage (Pitts. T. A B.)
Buffalo d Southwestern
RR.)
—Stock (ono-half of it pref.)
1 st
mortgage
Iowa
City & Western, 1st
Cedar Rap. I. Falls & N.
Cairo d St. Louis—1st M.,
1881
.....
.
.
100
1870
1871
1878
1,000
500 Ac.
500 Ac.
60
50
.,,
1831
1865
1802
1870
1870
1,000
1,000
1,000
500 Ac.
100 Ac.
...
1,000
1877
309
73
55
144
114
114
mortgage, gold, guar..
—
Pacific
are 3 p. e.) .
California Southern— 1st mort. ($23,000 per mile).
Camden & Atlantic—Stock ($880,030 of it pref.)....
1st mortgage (extended 20 years iu 1873)
2d mortgage, endorsed by Central
3d inert., guar, by C. P. ($1,000,000
.
1,000
100
W., 1st mort., gold, guar.
income (not cumulative,
California Pacific—1st mortgage, gold
2d mortgage,
69
07
bonds, gold
Burlington G. Rapids<fc Northern— Stock
1st mortgage
1807
20
142
140
121
121
294
294
274
00
38
25
120
67
Buffalo **ittsbura & Western—Common stock
Preferred stock; (6 percent. Not cumulative)
Mortgage bonds (for
54
500 Ac.
.
Branch
Buff.Braa.d Pitts.—Gen. M.,(incl. 10,000 ac. I'd)
Mortgage on Rockaway
Buffalo New York d Eric—Stock
First mortgage
Buffalo N. 1. d Philadelphia—1st
2u mortgage
Amount
1,000
extended iu 1879
114
1870
1879
1880
100 Ac.
1881
1807
1.000
1,000
1
,C00
1871
1,000
1,000
1875
500
•
-
67
00
....
50
1853
1854
1,000
1,000
from Boston, Mass., to
leased, Attleborough to
G8 miles. Chartered
and road opened in 1833. The company have valuable depot
Boston d Providence.—Sept. 30, 1881, owned
Providence, R. I., 44 miles; branches, 20miles;
North Attleborough, 4 miles; total operated,
in
1831,
properties in Boston.
Gross
Net Traffic
Earnings.
Earnings.
$378,032
348,009
375,947
355,748
347,523
Divi
Other
dends.
1870-77
$1,332,564
0
1,185,040
0
1,158,043
19,595
0^
1,304,520
19,395
8
1,400,115
19,16)7
8
Pease rental paid in the years consecutively was $11,303, $10,95G’
$10,917, $11,500 and $11,005. Notes outstanding September, 1881,
$300,000. (V. 27, p. 565 ; V. 31, p. 534; V. 33, p. 561.)
Years.
Receipts.
$20,797
21,377
appointed October)
which reorganiza¬
were
bond
stock. All were
issued
for the assessments iu certain proportions. Capital stook of new com¬
pany is $4,0<>0,000 authorized, bnt only $2,055,000 issued. Tho Receiv¬
er's certificates can beexenauged by the new company for 1st mortgage
bonds. See full statement in Chronicle. V. 32, p. 551. (V. 31, p. 44,
428, 452, 557; V. 32, p. 205, 23 , 205, 396, 468, 551; V. 33, p. 441.)
Brooklyn Elevated.—In progress. Receivers were
1880, and a compromise effected February, 1881, by
tion was made and stock and bond scrip were assessed. There
outstanding at that time $1,009,000 1st mort. bonds and $217,700
scrip; $1,85 .',880 engraved stork and $ 1,497.083 scrip
assessed 20 per cent and Receiver’s certificates and income bonds
Brooklyn d Mon tank—(Southern o l
L. I.)—Bushwick to
ratchogue, L.I.,
fvou xxxni.
AND BONDS.
of any
error discovered in
INTEREST
Rato per
Cent.
500,000
1,150,723
1,456,000
344,584
2,0<K),000
750.000
250,000
00,000
580,000
950,000
2,380,000
3,000,0(K>
1,000,000
8,650,000
1,500,000
0)
1,500,000
530,000
500,000
1,155,000
913,800
1,500,000
5,500,000
0,500,000
.584,000
825,000
2,600,000
2,250,000
1,600,000
3,000,000
4
7
o g.
Where
When
these Tables,
Bonds—Priuci
Payable, and by
Payable
Whom.
M. A N.
J. A J.
M. & 8.
Bostor, at Office.
do
do
New York.
pal,When Dne.
Stocks—Last
.
Dividend.
Nov. 1, 1881
July 1, 1893
Sept. 1, 1917
....
....
....
....
....
Nat B’k
Mar. 1, 1837
J. A J. Now York. Erie Office.
N. Y., Erie Railway,
J. A D.
do
do
J. A D.
J. A J. N. Y.. Farm. L. A T. Oo.
Jan. l, 1896
Dec. 1, 1881
Dec. 1, 1916
8. N. Y., Gallatin
M. A
7
....
.....
....
....
7
3*2
7
0 g.
7 g.
July l. 1896
1903
Q.-M. Buffalo, F.A M. Nat. Bk.
...»
....
....
New York, Agency.
A. Phil a., E.W. Clarke A Co.
O. Phila., Manuf’rs* N. Bk.
J. Phila., E. W.Clarke & Co.
A. Phila., ManuPrs’ N. Bk.
A. A O.
o g.
7
7
7
7
F.
A,
J.
F.
A
A
A
A
....
....
A D. N.
T.
0 g.
April l,
Feb. I,
Apr. I,
July 1,
1021
1896
1882
189C
Fob. 1, 1896
Y., First Nat Bank. July *ii“f90S
....
5
7 R.
0 g.
5 g.
7 g.
0 g.
3 A 6
0
J. AD. N. Y.. Central Trust Co.
do
do
M. A 8.
do
do
A. A O.
A. A O. New York or Ixmdon.
N. Y.. Fisk A Hatch.
J. A J.
J. A J. N. Y., Nat’l Park Bank.
J. A J. N. Y., Cent Pacific RR.
Boston.
2,083,000
Camden, Co.’s Office.
1,258,050 3j‘2 on pf.
7 g. J. A J. Phila.. Farm. & M. B’k.
490,000
do
do
A. A O.
G
497,000
.
.
.
i.
190(
Sept l, 1901
Oct 1. 1926
1921
Jan.
1, 188*3
Jan.
1. 1891
July, 1905
1921
,
«...
.
June
Nov.. 1880
Jam. 1893
Oot, 1, 1901
there is issued only 127.500 shares,
there Is issued only 13,93 > shares,
per cent, when earned, but la not
cumulative. (Seo V. 32, p. 10, 1820 The 1st mortgage bonds of tho
several roads above due respectively April. 1882, July, 1890, and Feb.,
1896, were offered an exchange for the now bonds d- e 1921, the option
expiring Aug. 31. 1881. The net earnings in 18S0 were $268,524,
against $190,330 in 1879. (V. 30. p. 17, 67, 193. 519, 625; V. 31, p. 46,
90, 171, 330, 560; V. 32, p. 10, 99,101, 132, 307; Y. 33, p. 46,467,559,
$10,150,000. Of the common stook
$0,375.000; of the preferred stock
$690,000. The pref. is entitled to 0
641.)
Southwestern.—Sept. 30, 1831, owned from Buffalo to James¬
Buffalo A Jamestown; reorganized
1880, leased to New York Lake
Erie A Western for 99 years—at 33 per cent of gross earnings, but
interest on bonds guaranteed. Gross earnings in 1879-30, $349,441. (V.
Buffalo &
town, N. Y., 07 miles. Formerly the
In 1877 after foreclosure. In July,
31, p. 122; V.
33, p. 037.)
Rapids d> Kortkem.—T>w. 31, 1880, owned from
Albert Lea, Minn. ( nolading 11 miles leased). 232
miles ;i)ranohca- Linn, la., to Postville, ia>, 91 miles; Muscatine, £a ,to
Riverside, la., 3L miles; Vinton, la., to Lolland, la., 48 miles; Elmira,
la., to Montezuma, 83 miles; leased. Holianu to Clarion, 55 miles; total
operated, 50: t miles. Organized as the Burlington Cedar Rapids A Minn.,
June 30,1868, and main line opened to Plymouth 219 miles, and branches,
149 miles, to end of Sept., 1873. Default Nov. 1, 1873. Proporty sold
imdor foreclosure June 22,1876, and given up to the purchasers July 1,
1870. Bonds of the Cedar Rapids Iowa Falls A Northwestern road arc
Burlington Cedar
Burlington, Iowa, to
105 after Oot. 1,1890.
$2,053,481, against
endorsed (on the bonds); they are redeemable at
Gross earnings year ending December 31, 1830.
$1,534,950 in 1879; net $/09.757,
$307,420. Tho company guarantees
against $350,142. Interest paid,
tho above bonds mentioned
They
miles*; branches to Fresh Fond Junction, 2 miles; to Rockawuy, 10 also guarantee $150,000 of Minneapolis A St. Louis bonds. The annual
miles; total, 04 miles. Extension to Moriches, 15 miles, ready July, report for 1880 said that the surplus earnings of the road, in oxo. ss of
1881. This was first the South Side Railroad of Long Island, which operating expenses and payment of fixed charges, had boon devoted to
was foreclosed Sept. 16, 1874, and reorganized as the Southern of Loug
the improvement and equipment of the company's railway. The fol¬
Island. On June 3, 1879, the property was again sold in foreclosure of lowing is a comparative statement of earnings and operating oxponsea
tho second mortgage, and this company organized. The preferred stock for the years ending DeoombcrSl, 1879 and 1880.
has a preference of 7 per cent, not cumulative. It is le:used to the Loug
Av. Mileage
Gross
.
Net
Island Railroad for 50 years at 25 per cent of the net earnings of the
Earnings.
Expenses.
Operated.
Earning*.
whole Long Island RR. system, including its leased lines. The new
mortgage for $1,000,000 is t»‘ take up the first and balance issued for 1380
496*63
$2,053,481
$1,343,721
$709,757
extension to Moriches; it is guaranteed by L. I. RR. as to interest, on 1879
445*22
1,531,950
984,908
550,142
52
§750,000
and;V.both
22, 600, 674
32, principal
p. 52(h) and interest ou the
$250,000. (V. 30, p.
Carrollton,
Buffalo Bradford d Pittsburg—Sept. 30, 1830, owned hom
N. Y. to Oilesvilic, Fa., 20 miles. Completed in 1800. and leased to New
York Lake Erie A Western for 499 years. Rental. 7 per cent ou out¬
standing bonds, $40,000 a year. Capital stock, $2,286,000. In March,
1880, a dividend of 1 per cent was paid.
N.Y.
Buffalo Nexo York d Erie — October 1,1880, owned from Buffalo,
Corning, N. Y., 140 miles. A third rail for standard gauge rolling
stock has been laid down. Leased in 1863 to the New York a Erie for
to
by the New York Lake Erie A Western
on stock and bonds and $3,000
Dividends and interest paid directly by the
funded debt, $2,380,000. Total,
representing cost of road, $3,330,000.
490 years, and now operated
Co. Rental, $238,100—viz., 7 per cent
for organization expense.
leasees.
Capital stock, $950,000, and
Philadelphia.—Sept. 30, 1S81, owned from Buffalo
Consolidation (1871) of tne Buffalo
& Washington, and road completed
Philadelphia A Erie. In April,
Bee V. 32, p. 444. Gross earn¬
earnings, $307,718. Capital stock,
28, p. 252; V. 30, p. 16; V. 32, p. 444; V. 33,p. 041,
JBuffalo Kcw Yorkd
N. Y., to Emporium, Fa., 121 miles.
A Allegheny Valley, and the Buffalo
in 1872.
At Emporium connects with
1880. the stock was sold to a syndicate.
ings m 1880-81, $1,142,214; net
$2,343,100._(V.
680.)
Increase
$318,530
$3)8,915
224,250,432, 562; V>5 30, p. 17, 221; V. 31, p.
51-41
(V. 29, n.
V. 32, p. 69, 154,
367, 418.)
$159,615
132,228;
III., to East St.
March 1,1875.
1881, and bought
in, In behalf of bondholders, for $4,000,000. New stock, $6,500,000,
and new bonds as above. (V. 32, p. 396, 551, 611, 685; 'r. 33, p. 99.)
Cairo d St. Louis— Doo. 31, 1880, owned from Cairo,
Louis, Ill. (3 ft. gauge), 147 miles. Opened through,
Default made April 1. 1874. Sold in foreclosure July,
California Pacific.- -Dee.
31.1880, owned from South
Vallqjo, CaL, to
Junction to Calistoga, 35
miles; total operated, 115
miles.
Consolidation (December 23, 1869) of California Pacific and
California Pacitio Extension companies.
Leased for twenty-nine
years, from July 1, 1876, to Central Facifio.
Rental, $350,000 per
annum, and three fourths of net earnings when iu excess of that
amount.
General account (December 31, 1880) — Capital stook,
$12,000,000; funded debt, $0,850,000; bills payable, $1,272,643; and
other liabllitea, aocounts, Ac., $338,419; total Liabilities, $20,462,062.
Extension bonds of $3,500,000 and incomes of $1,000,000 were in
default, and the new bonds of 1875, guaranteed by Central Faoiflc,
Sacramento, Cal., 61 mile ; branches—Napa
miles; Davisville to Knight’s Landing, 19
were
issued iu place
thereof.
California Southern.—Thin
road from San Diego, Oal.. eastward is built
Atlantic A Paoific trans¬
by Boston parties as a connecting line of the
continental route. For $1,100 in cash each subscriber
iu bjiuls, $1,0‘*0 in stock and $100 in the San Diego Land
stock. (3oe V. 32, p. 231.)
$1,000
Co.
reoeives
*Buffalo Pittsburg d West.- Jan., 1881, owned from Salamanca, N. Y.,
A Town
to Ou City, Fa., 100 in.; branch to Bradford, Fa., 20 in.; Oil City, Fa., to
Buffalo, N. Y., 140 m.; Union A Titusville Branch, 25 in ; and Titusville
& Oil City Railway, 9 miles; total length, 294 miles. Tliis was a consoli¬
dation, Jan. 20, 1881, of the Pittsburg Titusville A Buffalo Railway and
Camdend Atlantie.—Bcc. 31,1880,owned fromCamdcn, NJ.,to
other roads. The statement to tho New York Stock Exchange, as of tic City, N. J., 60 miles; leased branch, Egg narbor City to
January 20, 1881, gave tho capital stocks of the companies prior to i ing, 7 in.; total, 67 miles. Earnings and expenses for
consolidation as follows: Pittsburg Titusville & Buffalo--common stock, ] have been:
127,500 shares, at $50. $0,375,0Jo; preferred stock, 15,000 shares, at Years.
'Earnings.
Expenses.
$50, $750,000; Buffalo Pittsburg <sc Western—capital stock, 12,50o 1878
$399,061
$277,848
shares, at $100, $l,25o,uOo; Salamanca Bradford A Alleghtny River of
Atlan
May'a Land
throe years past
Pennsylvania—capital stock, 17,000 shares, at $50, $850,000; Salamanca
Bradford <fc Allegheny River of New York—capital stock, 8,500 shares,
nt$loo, $850,000; Titusville A Oil City—capital stock, 1,500 shares, at
$50, $75,000—total, $10,150,000. The authorized capital stook is as
follows, viz.: oomnion stock, 173,000 shares, of $5o, $8,650.000; pre
ferred stock, 30,000 shares, of $50, $1,500,000—total, 2o3,o6o shares,
Profit.
$121,215
}g79
293,345
202,127
495,472
1880..
496,838
371,626
127,219
The preferred stock is entitled to 7 per cent if earned, and to as high a
rate
paid to common stock if more than 7. A dividend of 31* per
cent in prat stoox aorlp was paid in Nov., 1880 on oommon and pre¬
as
ferred stock.
(V. 30, p. 5 18 v V. 32, p.
395.)
Subscribers win confer a great favor by giving Immediate notice of any error discovered In these Tables,
DESCRIPTION.
on
Camden A
first page of
Date
Size, or
of
Par
Road. Bonds Value.
tables.
Burlington Co.—1st mortgage
Southern—Stock
mortM interest guar., (for $14,000,000)
Canada
New
Cape Fear
A Yadkin Valley— 1st mort
Carolina Central—1st mortgage, gold, coup, or reg.
2d inort., gold, income, reg., not cumulative
3d mort, gold, income, reg., not cumulative
Catawissa—Common stock
New preferred stock
Old
31
100
291
47
242
242
242
93
•
bonds
Chattel mortgage bonds
New mortgage.
Cayuga d Susmiehanna—BtocR
Ceaar
stock —
1st mortgage ...i
Central Branch Union Pacific—1st mort., gold —
Funded interest bonds (coupons held in trust). ..
2d mortgage (Government subsidy)
Central R. R. A Bank, Qa—Stock
General mort. “tripartite” bds ($5,000,000) coup.
Certificates of debt (for dividend)
Central Iowa—1st mortgage
Income bonds, “debt certificates,” payable at will
mortgage on Chicago Burlington A
Central of New Jersey—& took
Mortgage bonds
Pacific...
1875 to 1877)
Consolidated mortgage (for $25,000,000)
Income bonds, reg., (not cumulative)
•
•
•
70
58
146
100
....
100
708
620
189
....
....
359
74
Bonds (convertible Nov.,
Camden d Burlington
•
93
35
14
61
274
V
1st mortgage
1st mortgage
1st
.
....
Falls A Minn.—Bonds on 1st div., sink. fund.
Bonds on 2d division, sinking fund
Cedar Rapids A Missouri River— Common
Preferred stock, 7 per cent
•
93
64
preferred stock
1st mortgage
97
....
1867
....
1,000
1,000
1,500,000
1,000
1,500,000
1,159,500
1878
1,000
1881
1880
1880
1890
50 Ac.
....
....
•
*
•
••
1863
’60-8-9
1870
....
1864
1866
....
....
1861
1863
1866
1866
1879
’66-7-8
....
1872
1881
1879
1880
1881
....
1869
1872
1874
1878
50
50
50
500
500 &c.
500 Ac.
100
500 Ac.
500 Ac.
100
100
500 Ac.
500 Ac.
500 Ac.
1,000
1,000
1,000
100
1,000
100
500 Ac.
500 Ac.
1,000
100
1,000
1,000
1,000
100 Ac.
County.—Deo. 31, 1880, owned from Camden,
to Pemberton, N. J., 23 miles; branch, Burlington, N. J., to Mount
Holly, 7 miles; total, 30 miles. ’ Leased to Camden A Amboy Railroad
Co., and now operated by the Pennsylvania Railroad Company, lessees
of United Railroad A Canal Company’s lines.
Lease rental, $14,415,
being 6 per cent on stock und bonds, and $500 for organization expenses.
Capital stock $381,925 and funded debt $150,000; total,
$731,925.
Dividends in January aud July.
Canada Southern— December 31,1880, owned from
Amherst burg,
Outstanding
$350,000
15,000,000
13,529,314
300,000
2,000,000
100
being cost
Victoria, Ont., to
Out., 229 miles; branch, St. Thomas, Out., to Court-
Bonds— Princi¬
pal,When Due.
Amount
$500Ac.
N. J.,
of property,
INTEREST OR DIVIDENDS.
Miles
of
Rate per
When
Where Payable, aud bV
Stocks—Last
Cent,
Payable
Whom.
Dividend.
F. A A.
Phila.. Penn. RR. Co.
N. Y., Grand Ceu. Dep.
N. Y., Union Trust Co.
N. Y., Fourth Nat. Bk.
N. Y., Farmers’L. A T.Co.
New York, Office.
do
do
6
i
21-3
m
m
9
1897
Feb.
1, 1881
1, 1908
5
7
6 g.
6 g.
6
J.
J.
A.
J.
A.
1,000,000
3*3
2,200,000
3*2
M. A N. Philadelphia Co.’s office Nov. 18, 1881
M. A N.
do
Nov. 18, 1881
F. A A. rhila., Phila.A Read.Co. Feb. 1, 1882
Various
do
do
1888 to 1900
F. A A.
do
do
Feb. 1, 1900
J. A J. Now York, 44 South st. Jan. 3, 1882
A. A O. N.Y.,J. S. Kennedy A Co April 30, 1884
do
J. A J.
do
Jan. 2, 1907
1876-90.
7
230,500
209,850
1,300,000
589,110
198,000
1,334,000
6,850,400
769,600
700,000
582,000
2,332,000
1,600,000
640,000
5 A 10
7
4^2
7
7
1*3
3*3
7
7
7
6
7 g.
1,600,000
6
4
7
6
7
7
6
7,500,000
3,750,000
4,600,000
3,700,000
629,000
12,000 p. m.
2*3
18,563,200
5,000,000
7
7
7
7
4,400,000
15.000,000
2,450,000
$638,814.
&
A
A
A
A
J.
J.
O.
J.
O.
Q.—F.
Boston, Treasurer.
Jan.
April 1, 1920
July 1, 1915
July 1, 1910
Nov.
1, 1881
F. A A.
do
do
Aug. 1, 188L
F. A A. N. Y., Nat’l Park Bank. Aug. 1, 1891
F. A A.
do
do
Aug. 1, 1894
M. A N.
do
do
May, 1916
M. A N. N. Y., Company’s Office. May 1, 1895
M. A N. N. Y., Hanover Bank.
May 1, 1895
U.S. Treas., at maturity. 1896.’97, *98
J. A D.
Dec. 15, 1881
Savannah. Ga.
J. A J. N.Y.,Nat.City Bk.ASav. Jan. 1. 189 j
1891
J. A J.
Savannah, Ga.
J. A J.
New York, Office.
July 15. 1899
do
do
A. A 0.
3 mos. notice
1911
New York, at office.
April 10, 187G
Q.-J.
do
do
F. A A.
1890
do
do
M. A N.
Nov., 1902
do
do
July 1. 1899
Q.-J.
do
do
M. A N.
May 1, 1908
©
•
*r
«
The total balanoe to credit, of income account March 31,
1881. was $611,825. In 1880 purchased a
Pacific Railroad stack. (V. 32, p. 611.)
majority of the Sioux City &
Central Branch Union Pacific—From Atchison, Kan., to Watorville,
Kan., 100 miles; and has an extension under the name of Atchison Colo¬
rado A Pacific of 229 miles, making 329 miles in all, and the boudB
of the extension are guaranteed hv U. P. company. The Union Pacific
Central Branch was formerly the Atchison & Pike’s Peak Railroad, and
was one of the roads embraced in the act of Congress incorporating the
Union Pacific Railroad. The stock is $1,000,000, of which the Union
Pacific holds about $900,000. The company received a Government
subsidy of $1,600,000. Default on interest was made May 1,1873, but
no foreclosure took place.
In 1879 the earnings ou 224 miles were
reported at $1,000,000; operating expenses, $477,862; net earnings.
$522,138. (V. 31, p. 46, 68; V. 32, p. 335.)
right, Out., 03 miles; total (original line, all steel), 292 miles;
and miles absorbed on reorganization—Erie & Niagara, 31; Sarnia
Chatham A Erie, 7; Canada Southern Bridge A Ferry, 4 ; Toledo Canada
Southern & Detroit, 55, and Michigan Midland A Canada, 15; total of
all lines, original aud acquired, 404 miles. Default was made, aud a
reorganization forming the existing companies was completed in 1878.
Central of Georgia (A Bank).—Aug. 31,1880, owned from Savannah,
Interest on the new bonds issued by the company is guaranteed by the Ga., to Atlanta, Ga.,
291*3 miles; branch, Gordon to Milledgeville, 17
New York Central ILtilroad Company for 20 years; the principal is not
miles; leased-Augusta A Savannah, 53 miles; Eatonton.Br. Railroad,
guaranteed. During the year 1879 groat improvements were made on 22 miles; Southwestern Railroad and branches, 310 miles; Upson
the lines a now ferry-boat purchased, and 31 engines and 1,100 freight
Railroad, 17 miles ; total operated, 714 miles. In January,
ears added to the equipment.
The income account for lour years, Comity
1880, purchased the former Savannah A Memphis roiul—Opelika to
December being partly estimated in 1881, was as follows:
Goodwater, 60 miles—for $700,000. In 1881 the Port Royal A Augusta
1878.
1880.
1881.
1879.
road was leased; also a lease of the Georgia Railroad for 99 years was
Gross earnings
$2,480,873 $2,995,360 $3,705,679 $1,372,305 taken in the interest of this oompany. The certificates of debt were
2,448,091
Expenses
2,070,258
2,106,341
2,675,853 issued, June, 1881, as a dividend to stockholders—$40 per share to Cen¬
tral Georgia and $32 per share to Southwestern. The company owns a
Not earnings
$410,615
$547,275 $1,299,337
$696,452 large interest in connecting lines und in the Ocean Steamship Line of
391,452
Interest....
353,428
407,799
678,624 Savannah.
Traffic Earnings.
*
^-Payments from Net Earnings—*
Gross.Net.
Leases.
Interest.
Divid’da.
17,828 Years.
$S91,53S
Surplus
$57,187
$155:823
$235,332 charged to expenses in 1879 for renewals.
The bonds
$826,925 $439,596 $255,412
$187,500
$2,409,092
carried interest at 3 per cent till 1881 and 5 per oent for the other 27
439,631
279,178
1,093,967
375,000
2,675,318
years, which accounts for the increase in interest for the first six months
272,428
439,652
375,000
1,181,906
2,781,654
of 1881. (V. 30, p. 116, 111, 600; V. 31, p. 258, 672; V. 32, p. 634,
267,732
1,508,652
439,666
3,144,102
679; V. 33, p. 715.)
267,000
3,707,891
1,389,494
439,666
Cape Fear d Yadkin Valley—Doe. 31, 1880, owned from Fayetteville This company and the Georgia Railroad Company arc joint owners of
to Gulf, N. C., 47 miles. Extension from Gulf to Greensboro to be com¬ the Western Railroad of Alabama, purchased at foreclosure sale in
pleted in 1881. This was a reorganization of the Western RR. of N. C. April, 1875. The “tri-partite” bonds are issued jointly by this company,
in April, 1879. Stock, $717,000.
In December, 1831, the New York & the Macon & Western aud the Southwestern. (V. 31, p. 381, 404; V.
Southern Railway Co. of New Y'ork purchased the interest of the State 32, p. 44, 331, 396, 611; V. 33, p. 526, 587, 715.)
of Sortli Carolina. J. A. Gray, Pres’t, Greensboro, N. C. (V. 33, p. 622,
Central Iowa.—June 30,1880, owned from Albia, Ia.,toNorthwood, la.,
715.)
189 miles; Muehakinoek Branch-, 2 miles; total operated, 191 miles.
Carolina Central.—March 31,1831, owned from Wilmington, N. C., to Chartered as Central RR. of Iowa and opened in 1871. Defaulted aud
Shelby, N. C., 242 miles. Formerly Wilrn. Char. A Rutherford, chjirtered placed iu hands of a Receiver iu 1873. Reorganized under present title,
in 1855. Succeeded by existing company after foreclosure May 3,1873. June 18, 1879, alter foreclosure sale under first mortgage July 18, 1877.
Defaulted, and Receiver placed in possession April 5, 1876. Sold in fore¬ Gross earnings in 1878-79, $715,563; net earnings, $160,545. In ’79-80,
closure May 31, 18.80, for $1,200,000. In 1879-30, gross earnings were gross earnings, $889,468; net, $152,901.
The new stock issued is
$466,519; net, $189,269. In 1880-81, gross, $564,028 ; net, $250,835. $2,100,000 common; 1st pref., $907,000, and 2d pref., $1,167,800,
Wilmington Bridge bonds, $200,000, at 7 per cent, are guaranteed by given for the old 2d mortgage bonds. ' 1st preferred has prior right to
this company and interest paid. The stock of $1,500,000 is placed for 7 per (Mmt (non-cumulative) from net profits, after payment of interest;
five years in the bands of the reorganization Committee.
(V. 30, p. 384, then 2d preferred entitled to 7 per cent; any surplus, after payment of 7
on common stock, to be divided pro rata between the three chisses.
In
600, 622; V. 31, p. 68; V. 32, p, 576; V. 33, p. 357, 559.)
Oalawissa.—Deo. 31,1880, owned from Tamanend, Pa., to Williams¬ February, 1880. the income bonds were issued to first mortgage bond¬
holders in payment of four years’ net earnings due them, and are paya¬
port, Pa., 93 miles; branch, Summit Station to Silver Brook, 4 miles; ble by the company on three months’ notice. In December, 1881, stock¬
total operated, 97 miles. Chartered as Little Schuylkill & Susquehanna holders of this
oompany had the privilege of subscribing to the bonds
in 1831; name changed to Catawissa Williamsport & Erie in 1849.
of the Chicago Burl. & F. (extension line), and received a bonus of Cent.
Road opened Dec. 18, 1854. Reorganized under present name in 1859.
Iowa stock. Soe V. 33. p. 686. (V. 31, p. 20, 115, 259; V. 32, p. 205,
Leased from Nov. 1, 1872, for 999 years to Philadelphia A Reading.
312, 500; V. 33, p. 587, 686,715.)
Rental, 30 per oent of gross earnings and $8,000 a year for oompany
Central of Ne\o Jersey—Dec. 31,1880, owned from Jersey City, N. J.,
expenses. Funded debt is also assumed by lessees. Seven per cent is
to Pbillipsburg, N. J., 73 miles; branches, 57 miles; leased—in N. J., 50,
guaranteed on the preferred stocks.
and in Penn., 215; total operated, 395 miles. The princinal leased lines
Cayuga A Susquehanna.—Sept. 30,1880, owned from Owego, N.jY.. to in Pennsylvania are the Lehigh & Susquehanna and the Lehigh & Laok.,
Cayuga Lake, N. Y., 34 miles. Chartered as Ithaoa & Owego in 1828. with their branches, Ao. The main line from Elizabeth to Pliillipsburg
and opened in 1834. Reorganized as Cayuga & Susq, in April 1873.
was opened in July, 1852, and extended from Elizabeth to Jersey City
Leased in perpetuity to Del. Lack & Western, Jan. 1,1855, at a rental of
in 1864. The Long Branch division was opened in September, 187o.
$54,600 a year. Dividends on capital, 9 per cent per annum. Capital The lease of the Lackawanna A Susquehana Railroad is dated March 31,
stock (cost of road to present owners), $589,110. A considerable deficit
1871, and is virtually a consolidation agreement, the lessees having pur¬
to the lessees occurs from year to year.
chased the rolling stock. In February, 1877, the property was placed in
Cedar Falls A Minn.—Dec. 31,1880, owned from Waterloo, I1L, to Minn
the hauds of a receiver, aud on April 1,1877, default was made on con¬
State Line, 76 miles. Completed in 1870. Leased to Dub. & Sioux C. for 40 solidated mortgage interest. Reorganization followed (See scheme, Y.
years from Jan. 1,1867, at $1,500 per mile as a minimum aud a con¬ 26, p. 215), and lias been a success.
Of the $11,500,000 Lehigh &
tingent of 35 per cent of gross earnings from $3,500 to $7,500 per mile Wilkesbarre Coal bonds, $6,116,000 are held by Central of New Jersey
and of 30 per cent or any excess over $7,500 per mile. Lease transferred and are deferred, having no claim for interest till all other bonds are
to Illinois Central, October 1, 1867.
Capital stock, $1,587,000, and satisfied. The Lehigh & Wilkesbarro Coal Co.’s stock is $8,700,000. In
funded debt, $1,587,000. Total (cost of road), $3,174,000. A sinking May, 1881, the Receivers paid 3*2 per oent on the income bonds. No
fund of 1 per cent per annum is provided. (V. 30, p. 90.)
satisfactory report has been issued since 1878.
In February, 1881,
The
Cedar Rapids A Mo. River.—April 1,1881, owned from Cedar Rapids, Messrs. Jay Gould and Sidney Dillon were elected directors.
American
Dock
A
Improvement Company, wliioh is virtually owned by
la., to Mo. River (opp. Omaha), 272 miles; branch, Clinton, la., to Lyons,
la., 2 miles; total operated, 274 miles, of which 214 miles steel rails. the railroad company, issued a new mortgage in June, 1881, to retire
Chartered in 1855 aud completed in 1866. Leased to and operated by the prior issue and pay off the Central of New Jersey floating debt; and
Chic. A N’weet. Rental, $700 of the first $1,500 of gross earnings per the company reserves the right to purchase these bonds by lot at 110.
mile; 33is per oent of next $3,000 per mile, and 20 percent of any The operations of the New Jersey Central only, exclusive of leased lines,
excess over $4,500 per mile. Gross earnings year ending Mch. 31,1881, showed gross earnings of $1,317,218 and net earnings of $1,371,580
$2,981,714; gross earnings per mile, $10,881. The rental in 1880-81 in 1879, against $5,306,970 gross and $2,145,222 net in 1880. Gross
was$815,550 and disbursements, including dividends and interest, were revenue on all lines has been as follows:
/
SabMribert will
DESCRIPTION.
on
first page
Miles
of
Road.
of tables.
Central of New Jersey—( Continued)—
Newark & New York, 1
1st mortgage
Lehign Ac Wilkesbarre Coal Co., prior
1
by girlng Immediate
tonfer m great fkTor
liens
742
gold. (2 sinking funds, $50,000 each)..
California State aid, gold (s. fund, $50,000)
lstm.8. Joaq’n Val. Br., gld (s.f. $50,000)
U. S. Loan, (2d lien on certain terms)
1st mort.,
50
146
mort., gold, (s. f. $25,000)...
do
Government lien
Cal. & Oregon, 1st M., gold, guar., is. f. $100,000)
Cent. Pae., mortgage, on C. Ac O. Branch
San Fran. O. & A., 1st M. (a. f. $100,000)
bonds
Income bds.($6,000,000), skg.fd.,10 p.c.per ann*m
Charlotte Columbia A Augusta— 1st mort. consol...
Chartiers—1st mortgage
Cherry Valley Shar. A Al.—1st mort. lion on road.
Chesapeake A Ohio—Purch. money f imding bonds...
gold, “A”
(interest in stock or cash)
gold, Peninsula Extension
Cheshire—Stock, preferred
2d mortgage, cur.
1st
1869
123
1869
152
1868
1,600
152
1872
1870
1870
1878
1869
1872
1871
1869
1878
1878
1978
1,000
1,000
42
mortgage,
6-4
General mortgage,
1874.... $8,609,270
1875.... 7,411,637
Leases.
$4,468,075
$1,128,434
3,282,910
3,188,469
2,484,846
5,753.413
5,589,526
6,730,980
1577....
1878....
1879....
....
Earnings.
6,983,173
A§76....
2,302,770
100
187*3
205.231.396, 420, 444, 454,
502, 528, 559, 622, 686.)
O., to Columbus, O.,
Chartered in 1847 and opened in 1854. Reorganized in
1865. Leased to the Baltimore & Ohio, for 20 years, Nov. 11, 1866;
rental. 35 per cent of gross earnings. Feb. 23, 1880, the lease was
extended to Dec. 1, 1926, with the option of renewing for terms of 20
137 miles.
years
In 1879-80 gross earnings .were $1,003,565; net,
The road between Newark Ac Col¬
with the Pittsburg Cincinnati Ac St.
perpetually.
$311,454: lease rental, $351,247.
umbus (33 miles) is owned jointly
Louis RR. Co. (V. 30, p. 544.)
Francisco, Cal., to
total, 1,215 miles;
operated under lease or contract—the Southern Faeitio in California,
Arizona and New Mexico, 1,027; California Pacific, 115, and others, 299;
total, 1,441 miles; total length of road operated and accounted for Jan.
1, 1881, 2,656 miles.
This was a consolidation (August 22. 1870) of the Central Pacific,
California Ac Oregon, San Francisco At Oakland, San Francisco Ac Alameda
and San Joaquin Valley railroads. In connection with the Union Pacific,
the Central Pacific forms a continuous line from San Francisco, Cal., to
Council Bluffs, la. (1,918 miles), and there connects with the lines east¬
ward. Construction was commenced in February. 1863, aud the main
Sue (Sacramento to Ogden) opened May 10. 1869. Tlio Union Pacific was
completed on the same day. The prices of stock have been as follows:
Central Pacific.—Dec. 31, 1880, owned from San
Ogden, Utah, 883 miles, and auxiliary lines, 332;
isr»f i
Jan
Feb
....
March..
April
....
May
June
July
74 V 69
August.. 78V 73Lj
83ia 8ept*ber. 76 - 71Lj
79V 72
83Lj October
8«V 78^
9878- 8b*h Nov’ber
97 V 81
102V 94L, Dee'ber
98*4931489V
89 -
87 - 81*4
8408- 80*8
83 V 76
80
72
73
72
63
65
-
The annual report
1881.
100V 8934
1880.
1881.
1880.
86
8012
91
93
1880.
$7,634,5o4
$5,946,434
25
233,90.1
433.000
Disbursements—
Interest ou debt
.
Total disbursements
.
Balance,. surpl u*
1876..
1877..
1878..
1879..
1890..
1,425
1,783
1,941
2,173
2,300
.
dividends for several
Gross
Earnings.
$16,996,216
16,471,144
17,530,858
17,153.163
20,503,112
years
Operating
Accounts. *
$7,857,211
7,774,418
8,780,312
10,207,362
12,045,668
1,617
97,803
200.000
5 ,8 5
348,1-10
$6,711,145
$3,492,116
$3,667,895
$3,71“*,325
$3,607,835
$7,121,855
$3,013,260
$1,370,261
3,406,530
Dividend Nes. 9 and 10
have been as follows:
Net
Dividend
$9,136,005
8,696,726
$4,312,040(8)
4,342,040 8)
to Stook.
Earnings.
8,750,546
6,945,300
8,462,414
•
•
Ac O. Philadelphia, Penn R.R.
Ac D. N.Y.,Del. Ac Hud.Can.Co.
N. Y., Fisk Ac Hatch.
& J.
do
do
Ac O.
Ac N.
Company's offioe.
do
do
Ac J.
do
do
Ac O.
Oct. 1, 1901
Dec. 15, 1899
July
July
July
July
l, 1898
1, 1908
1, 1908
1, 1918
Jan.
1, 1911
4
4
6 g.
Charlotte Columbia A
Augusta.—Sept 30, I860, owned from Charlotte,
lbi
6
Stock issued,
broken rock.
Y. 33, p. 327, had the
1879.
Receipts—
Ave.
Years. Miles.
87*2
-
INCOME ACCOUNT.
Net earnings (over rentals)
Interest ou sinking funds
Land grant bonds redeemed
Miscellaneous
1876-
A.
J.
S- J.
S’ A.
S’ M.
J.
S- A.
•
J. Ac J.
$2,480,000.
(V. 30, p. 271; V. 32, p. 467, 577.)
Pa., to Washington,
and opened in 1856.
Leased for 99 years
from January 1, 1872, to the Pittsburg Cincinnati <fc St. Louis: the
rental is net earnings. Gross earnings m 1880, $93.733; net Income,
all sources, $>1,730; in 1879, gross earnings. $84,660; net inoome,
$24,749. Capital stock, $648,302. (V. 30, p. 382; V. 32, p. 498.) ?
Cherry Valley Sharon A Albany.— Sept. 30, 1880, owned from
Oobleskul, N. Y., to Cherry Valley, N. Y., 21 miles. Chartered in 1869
and opened In 1870. Leaded ou completion to Albany & Susquehanna.
Sold to Delaware & Hudson Canal Oo. for $320,119. Rental $21,000 a
year. Capital stock, $387,650, and f onded debt, $300,000.
Chesapeake A Ohio.—Sopt, 30,' 1880, owned from Richmond, Va., to
Huntington, W. Va., 428 miles; branches 9 miles; total operated, 437
miles. In October, 1881, completed to Newport News, 75 miles. Con¬
solidation of Virginia Central and Covington Ac Ohio, and opened
through March 1, 1873.
The old company defaulted in 1X73 and
the road was sold under foreclosure April 2, 1878, for $2,750,000,
aud reorganized under present auspioes. The Eliz. Lexington Ac Big
Bandy Railroad connects on the west, and in 1891 an interest in the
Elizabethtown Ac Paducah, the Memphis Paducah Ac Northern and the
Kentucky Central roads was purchased for this company.
The annual report for 1879-80 was published in V. 32, p. 154, and
the President, Mr. C. P. Huntington, said in his report; “The financial
condition of your company is good. Before any considerable amount
of money will be required to meet the interest ou its bonds, the whole
line of road will be laid with steel rails, well equipped with rolling
stock, and the track thoroughly ballasted, and, most of the way, with
.
for 1880 in the Chronicle,
June* 1**1900
Chartiers.—Dec. 31,1880, owned from Mansfield,
Pa., 23 miles. Chartered as C. Valley in 1853
Sold under foreclosure, and reorganized in 1871.
96V 90*2
973a- 93
.
.
following:
Earnings and
-
Y., Cent. RR. of N. J.
May l.
r- do
do
Ac N.
do
do
July l, 1921
Ac J.
A N. N. Y., Out. RR. of N. J. May l. 1903
Ac J. Balt., at B. Ac O. office. July 29, l§8i
do
do
July 29, 1881
Ac J.
do
do
Sept., 1890
Ac 8.
Ac A. N. Y. Ac 8an Francisco. Aog. 1, 1881
1895 to *98
N. Y., Fisk Ac Hatch.
Ac J.
July 1, 1834
Ac J. Sacraiu’o State Treas.
Oct. 1, 1900
N. Y., Fisk Ac Mtfteh.
Ac O.
1895 to *98
U. 8. Treasury.
Ac J.
N. Y„ Fisk Ac Hatch.
July 1, 1899
Ac J.
1899
U. 8. Treasury.
Jan. 1, 1888
N. Y., Fisk Ac Hatch.
J. Ac J.
Jan. 1, 1892
New York & London.
J. Ac J.
J. Ac J. N. Y., Cent. Pac. Office. July 1, 1890
Oct. 1, 1890
N. Y., Fisk Ac Hatch.
A. Ac O.
N. Y. and 8 <n Fran.
May 1, 1888
M. Ac N.
J. Ac J. N. Y., Nat. Park Bank. Jan. 1, 1895
Jan. 1, 1910
do
do
A. Ac O.
July 2o, 1881
Boston, Office.
do
do
July 1,*964*98
J. Ac J.
M. Ac 8. N.Y.,Jesup, Patou Ac Co. Sept. 1, 1881
Sept. 1, 1881
do
do
M. Ac 8.
J. Ac J. Lond’n.J.S.Morgan&Co. July I. 1903
1890.
463, 635; Y. 33, p. 23. 93,
1,1880, owned from Bellaire,
N.
1887
at office.
Augusta, Ga., 195 miles. Consolidation (July 9, 1869) of t’
Charlotte Ac South Carolina and the Columbia Ac Augusta the first
opened in 1852 and the latter in 1867. The road has been under the
oontrol and management of the Richmond Ac Danv. ainoe 1878. Gross
-•
••••«•••
-(V. 32. p.
2,000,000
15.000,000
10,122,500
2,000,000
2,100,000
80U.000
11.181,841
2,425,400
Dividend.
M.
J.
M.
J.
J.
M.
F.
J.
J.
A.
J.
J.
•
g.
g.
Slocks— Last
N. C., to
2,013,125
515,000
658,243
675,609
503,114
734,500
g.
g-
4,379,850
1.0(H)
$2,000,000
$807,406
1,059,549
983,113
706,345
699,134
2,035,586
Central Ohio.—July
1,000
>
Paid!from Net Eornings
Dividends.
Interest.
Net
Earnings.
Years.
100 Ace.
100 Ate*.
100
100
677
649
322
cumulative)
sterling, for £900.000
Gross
1,000
g*
6 g.
2,350,000
1,000
500 Acc.
Bonds, not mortgage
Chicago A Alton—Common stock
Preferred st’ck (7 p. c. y’rly not
500 Ate.
ftg.
New York,
«
Q.-M.
3,285,000
1,807,500
8
7
7
7
7
6
6
6
6
6
•
•
payable, and by
Whom.
Ac J.
•
6,230.000
500,000
500,000
300,000
1,000
1,000
,
•
687,000
1,000
looo
500 Ace.
1879
1891
428
.
1,000
158
428
“B”
do
25,885,000
2,616,000
1,970,000
6,000,000
2,080,000
_
All.
195
195
23
21
428
503
2d Mortgage
1st mortgage,
do
100
1,000
1,000
1,000
1865-8
1864
1870
20
Land grant mortsr.wm
411,550
2,500,000
59,275,500
25,883,000
1,500,000
6,000,000
1,000
742
Western Pamfic, 1st
-
50
50
137
137
137
2180
stock
5,000,000
5,550,000
2,437,950
7
7
5
7
3
3
6
3
6
7
6
6
6
6
6
6
8
Where
When
Payable
J.
7
6 Ac 7
11,500,000
3,553,000
1.000
100 Acc.
1881
1878
Rate per
Cent.
$600,000
4,720,000
100 Ac.
i
(redeemable any time at par)..
Adjustment mort.
Central Ohio—Common
Preferred stock
1st mortgage bonds
Central Pacific—Stock
Amount
1,000
1875
do
Consol mort
LAW.B. Coal Co., income bds. rg. (not cum’lat’e)
Am. Dock Ac Imu.Co. new M. bas., guar. C. of N. J.
do
notice of any
error dleeoTered In then Tables
botufa—PriDet
INTERE8T OR DIVIDEND®.
Outstanding
$500 Arc
1867
7
‘
"
Date Size, or
of
Bonds Value.
[Voj. xxxm.
AND BONDS.
RAILROAD STOOK8
Earnings.
$1,702,533
Years.
Expenses.
Net
Earnings.
$1,363,225
$339,308
341,621
1,594,739
187H-79
1,507,332
384,209
1,945,018
1879-80
569,227
follows to July 1,1881:
Under the
Common, $15,960,138; preferred stock—first. $7,247,803;
second.
$8,188,489. The *‘B” bonds take interest in first preferred stock till
November, 1881; in 1881-82 3 per cent cash and 3 per cent stock; in
1892-83 4 per cent cash and 2 p. ct. in stock, and thereafter all wish. The
second mortgage currency bonds till July, 1881, take interest in second
preferred stock, then for two yoars partly in that stock and partly cosh,
and afterwards all cash, if the earnings are sulHcicnt but “ all interest
not paid in wish to be paid in second preferred stock.” The cash interest
on series ”B” begins ac $150,060 per year in 1881-’82, and runs up to
$600,000 in 1883-’8t and after. First prof, stock has prior right to 7
per cent from surplns; then 2d pref. to receive 6 per oeut; both claHses
precede the oornmou. (V. 30, p. 141, 248; V. 31, p. 204, 405, 483, 509*
652; V. 32, p. 154, 54t; V. 33, p. 46 7, 517, 553, 715.)
Cheshire.—Sept. 30,1881, owned from South Ashburnham. Mass., to
Bellows Falls, Vt., 54 miles; leased, Monaduock Kit., Wincheudon to
Peterboro, N. H., 16 miles; and 10 mlies Vermont Ac Mass; total oper¬
ated, so miles. $51,000 rental paid to Vt. & Alasa.for leased portion
of rood. Gross earnings in 1886-81, $622,595; net earnings, $91,410.
Capital stock—common, $53,300, and preferred, $2,100,000. (V. 27, p.
1,936,360
1.891,542
2,514,245
reorganization the stocks are as
537; V. 30, p.
518.)
follows: Joliet
4 miles;
Roodhouse to Louisiana. 38
37 miles;
Godfrey. 150 miles;
Mexioo, 162 miles.
mlios.
Chicago A Alloa.—December 31, 1880. mileage as
Louis (main), 244 miles; Branohes—To Coal City,
Dwight to Washington As Lao’n, 80 mdes;
mile* Total owned, 366 miles. Leased—Chicago to Joliet,
Joliet to Mazon Kiver, 24 milos: Bloomington to
Louisiana to Cedar City, 101 miles; Kansas City to
Tor-al leased, 474 mi.es. Total operated, l>ec. 31, 1880. 840
to Ea t Bt.
3,406,530 (6)
Earnings and expenses were as follows:
Gross
Operating
July, 1878.
Total grant from
7,997,000
grant to Chartered as the Chioago & Mississippi, Feb. 27, 1847;
under act of January 21, 1857, as Chicago Alton & St. Louis,
cash act
of February 16, 1861, the present corporation
property, which was sokl under foreclosure In the following year anu
payment or 20 per cent at time of purchase. There harl Ixmn sold prior transferred to new organization in October, 1802. Chicago end at.
to the exeoution of the land mortgage, October 1,1870, 127,637 acres Louis were eonneoted by the present line in 1864.
The Joliet
for $295,005, and since 1875 yearly sales as follows; 1970, 30.503
At Chicago la leased from January L 1864, for the term of its
acres, at an average of $7 54 per acre: 1877, 92,047 acres, at $12 99*4;
charter, and forms part of the main line. Rental, 7 per cent on stock and
1878, 78,100 acres, at $8 2424ra; 1879, 43.253 acres, at $ » 22V 1890. 8 per cent on bonds. The St. Louis Jacksonville Ac Chicago is leased in
114,852 acres, at $3. (V. 31.
15 L 428 35, 558, 652, 6 72 : V. 3 2, perpetuity from April 30,1868, at a rental equal to 40 per cent of grow
p. 08* 93, 121 154, 199, 231, 658; V. 33, p. 73, 153, 254, R27, 328.)
Leased lines rentals
included in operating oxpensoe since
The land department makes the following exhibit:
.....wvrvr
w
the United States (12,800^ acres
per mile),
acres;
lia A’ Oregon Railroad. 3,724,800 acres: total, 11,722,400
the California
acres.
Tae .anils have been sold mostly on five years* time, with a
reorganized
and tounder
succeeded
the
PscncBiit,
RAILROAD STOCKS AND BONDS.
1881.|
xad
Subscriber* will confer a great Ci?or by giving Immediate notice of any error discovered la these Tables.
DESCRIPTION.
For
explanation of column headings, Ac., see notes
on
first page of tables.
.
Chicago & Alton—(Continued)—
let mortgage
bonds
Income
Joliet A Chicago, 7 per cent, stock
do
do
1st mortgage, sinking fund
gt.
Loute Jaok. A Ch.f 1st mortgage
do
do
1st M. endorsed by C. A A..
do
2d M. endorsed by C. A A..
do
do
do
2d mortgage
Louisiana & Missouri, 1st mortgage
2d mort.(mt. guar. C. & A.)
do
do
do
do
guar. pref. stock
Bonds for K.C.St.L.A C. line, s.f. $60,000 after*79
preferred stock do
guar. C. & A
Common stock
0. & A. bonds on
do
220
220
38
38
150
37
37
150
101
1863
1862
•
Chicago <6 Atlantic— 1st mortgage, gold
<6 Quincy—Stock.
Republican Valley stock
1st mortgage, sinking fund, (trust).
Consolidated mortgage coupon, (for $30,000,000)
Trust mort.on Iowa lines.coup.or reg.(s.f. 1*« p.c.)
Bonds (Repub. Val. and Bur. &Col.bondspledged)
Northern Cross R. R. 2d. mortgage, gold
Trust mortgage (Burlington to Peoria)
Plain bonds (coupon or registered)
Bonds of 1875, (sinking fund $13,860 per year)..
Dixon Peoria A Hannibal, 1st m...1
f
Chicago Burlington
& Fox Riv., 1stm I b£tmaybe<
Illinois GrandTrunk, 1st mort.... f rftlH8tered 1
Ottawa, Oswego
•da forA
8t.
L. R. I. &
(sink, fund
coup.
Sulncy
Warsaw,
1stC.mortgage
.. $50,000)
j re^8tereu{
Quincy Alton & St. Louis, 1st mortgage, quar
Burl.A Mo. Riv., 1st on r’d A400.000ac’s I’d i Cp.
do
1st M. on br.,C.B. AQ.stk.(5th ser.) > or
do
Couv. bonds, C.B.AQ.stk.(6th ser.) ) reg.
•
•
101
162
1878
....
....
....
1877
1,000
1,000
257
1331
1682
....
....
....
466
825
740
1858
1881
1,000
1,000
1,000
1,000
....
....
....
....
....
1873
1879
100
96
....
....
40
70
44
40
270
46
281
40
....
189,900
700,000
6,500,000
55,265,000
100
....
7,895,000
2,493,000
13,981,(MX)
12,000,000
7,895,(KM)
.
.
.
.
4 S’
7
7
1875
1,000
500 Ac.
390,000
5
545,500
1,076,000
890,500
720,000
2,325,000
840,000
8
8
8
8
1,000
1,000
1,000
50 Ac.
500 Ac.
500 Ac.
1869
1870
It was built by the Chicago A Alton Company,
and is leased to said company in perpetuity from November 1,1877. at a
rental of 35 per cent of gross earnings, less taxes and assessments. The
bonds are held by United States Trust Company as security for the C. A
A. bonds of 1878 issued to build this road, and a sinking fund of
$60,000 per annum provided for their redemption. Should the 35 per
cent be more than sufficient to nay )xmd interest and 7 per cent on
the stock, the excess is to go to the lessees. The Mississippi River Bridge
28 leased in perpetuity from December 3,1877, at a rental of $63,000, to
-
('91,000
653,000
552,475
500 Ac.
.
do
do
do
136,000
5
5
7
8
307,500
8
4,454,550
do
do
do
do
do
Aug.. 1900
Nov. 1, 1909
do
do
.
....
A J. N. Y., Bk. of Commerce.
A J. N. Y.N. BlLuf (’om. ABost
A. A O. N. Y., Bk.of Commerce.
JaiL
1, 1883
July 1. 1903
Oct. 1, 1919
....
July*'i,”i890
Frankfort.
J. A J.
A. A O. N.Y., N. Bk. of Com’rce.
J. A J.
Boston. Co.’s office.
J. A D.
Boston. Co.’s Oilioe.
J. A J. N.Y., N. Bk. of Com’rce.
J. A J. New York and Boston.
A. A O.
Boston.
J. A J. N.Y. .Farmers’ It.AT.Co.
A. A O.
Boston.
F. A A. N.Y.,Farmers’ L.A T.Co.
A A O Boston and New York.
J. A J. Boston, 49 Sears’ Bldg.
do
J A J.
do
Miles.
City to Central City 150
Nehama City to Nebraska City
27
Hastings to Indianoia
148
Amboy to Hubbell
July,
July,
Oct.,
July,
Oot.
Feb.
Oot.
1889
1900
1890
1890
I,
1,
1,
July 1,
July 1
1901
1896
1893
1894
1*«9
Total
Total
52
Atchison to Columbus....
Oct. I, 1890
Jau. 1. 1896
June 1, 1895
Miles.
Pacific Junc. to Council Blufih
IB
Nebraska
,7$l
operated Deo. 31,1880.2,
Controlled since
Kansas City to Council Blufih
council B. to U. P. trans. grds.
221
Total owned Deo. 31,1880.. .2,677
Leased
do
do
do
do
do
do
do
J.
J.
8
7
4A 5
4
1,000
1,000
Jan., 1883
July, 1883
AprtL 1894
April 1. 1694
July, 1896
July, 1898
N.Y.^Fesup, Paton A Co.
,
1872
1869
1870
1870
1870
1876
1876
1863
Jan.. 1893
Jan.. 1883
N.Y.,Jesup, Paton A Co.
Aug. J. 1881
May 1. 1903
do
Nov. 1, 1881
I1*
Q.—F.
7*40
Chic.. III. Tr. A 8av. Bk. May 20, 1881
6
A. A O. N.Y.,Jesup. Paton A Co. Get. 1. 191$
6 g. M. A N.
New York.
May l, 1929
2
Q.—M. N. Y., Bk. of Commerce. Dec. 15,1681
2,939,000
1,750,000
100
....
year.
through May 1,1879.
300,000
262,100
Stock*—boat,
Dividend.
N. V. U. b. Trust Co.
Q.—J.
J. A J.
A. A O.
M. A 0.
J. A J.
7
J. A J.
F. A A.
7
7
M. A N.
F. A A.
3*a
6 g. M. A N.
564,000
188,000
360,000
439,100
100
....
1\
Where Payable, and by
Whom.
A J. N. Y.,Jeaup, Paten A Co.
A. A O.
8
7
7
7
2,365,000
1,000
When
Payable
J.
7
7
1,008,000
1,500,000
306,000
100
•
Rate per
Cent.
$2,383,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
itil the amount reaches $700,000, with a minimum of $240,000
com. stock, $1,293,000; pref., $1,034,000; V. 32, p. 176. Pref.
stock has prior right to a non-cumulative dividend not exooeding 7 per
ct from net earnings, and (after payment of 7 on com.) also shares with
common in any surplus.
3*2 paid on com. Nov., 1881. The La. & Mo.
River is leased for 1,000 years from Aug. 1,1870., Rental, 35 p. c. of gross
earnings, but interest guaranteed on 2d mort. bonds and pref stock as
above: the other pref. stock is $1,010,000 and com. stock $2,272,700.
The Cldc. & Ill. River R. R. was sold in foreclosure Sept., 1879, and pur¬
chased by this company. The Kansas City St. L. A Chic, was opened
a
Outstanding
500 Ac.
•
1868
1870
1877
Amount
$1,000
1857
1864
1864
P868
—
Miss. Riv. Bridge, 1st mort., gold
INTEREST OR DIVIDENDS.
Miles Date Size, or
of
of
Par
Road. Bonds Value.
Winthrop J. to Atch. Bridge.
Main line to East Neb. City..
46 Amazonia, Mo., to Hopkins
—
Sidney
Louisiana ..
ranch to
to East
Hannibal
..
Grand total
Used jointly—
Alton to East St. Louis
*
2,998
28 miles of this inoluded above
under “ Leased.”
Hamburg to E. Nebraska City
Chicago Burlington A Quincy was a consolidation (Jan. 1, 1873)
Burlington A Quincy in ELlinoi* and the Burlington A
Missouri River in Iowa. The Q. A. A St. l. was leased In perpetuity
be applied in payment of 7 per cent on $200,000 stock, and 6 per oent on
from Oct.
at a rental of $42,000 a year. The St. L. R. I. A C.
$700,000 bonds. New common stock (0. & A.) for $1,000,uOO issued May, was leased1,1876,
from Oot. 1, 1876, at a rental of $175,000 a year.
In
*1880, sec V. 30, p. 408. Prices of stock have been:
1880 the Burlington A Mo. in Nebraska was absorbed, 630 mile*,
-Common.
-Prefcrred.including leased lines.
A stock dividend of 20 per cent was then
1880.
1881.
1880.
1881.
made. The Republican Valley RR. stockholders were given a deferred
120
-117
153
-153
January
10978- 99*s
156 -149
stock entitled to no dividends before Jan. 1,1885, but in Oct., 18f«l,the
122 -122
149*2-149*2 Chic. Bur. A
February.... 110*4-106*2
150*4-1 4
Q. stook was given for this, in the proportion of tort*
141
-140
March
144 -*36
116 -106*4
shares for four. The C. 3. & Q. 4 per oent bonds were then issued
127
-i‘24
145
-145
April
115 -108
140*2-132
against Rep. Valley and Bur. a Col. 5 per oent bonds held In trust, and
124 -122*3
247 -147
May
108*2-103*2
147 -1*45
an equal amount of Rep. Valley stock scrip was also issued to subscriber*
150 -150
June
113 -106*2
147
139
to the bonds, suoh scrip being entitled after April 1.1882, to same divi¬
130 -130
July
11538-110
142*2-135
dends as Chicago Burlington A Quincy stock, and exohangeablo inta
130 xl25*a
August
118 xll3*2
143 -127x
that stock at the option of the Company on 3<* days notice. See
130 -130
September.. 118 -113
132^-128
V. 33, p. 328.
The Kansas City 8t. Joseph A Council Bluffii and
October
142*2-142*2
140 -140
1367e-112*2
130*2 12 7
□ranches was purchased. 254 miles. See statements of those roads, prior
144 -140
November... 144 -131
137*2-129
to consolidation, in Supplement of April 24,1680; also in Chronicle
160 -142
December
159*2-136
V. 30, jp, :»L . aud V. 31, p. 228.
The Chicago Burlington A Quincy on its leases of the numerous branch
Annual report for 1880 in V. 32, p. 264. Operations, earnings, Ac.,
roads usually gave them a traffic guarantee of 40 or 50 per oent for pur¬
1878.
1879.
1880.
1877.
chasing their bonds. Enough of the C. B. A Q. consolidated mortgage
is reserved to take up prior debts. The. bonds of 1876 for St. Louis Back
$
$
$
$
Receipts—
Net earnings
2,156.395
3,625,401 Island A Chicago Railroad are plain bonds of Chio. Burlington A Quinfy,
2,706.156
2,107,338
173.545
Other receipts
269,505 offset by mortgage of like amount on St. Louis Rock Island A Chicago
loo,000
33,000
road deposited with trustees. Brices of stock have been:
Total income
3,891,906
2,329,930
2,739,156
2,257,338
1881.
1880.
1880.
1881.
Disbursonenls—
$
$
$
152 -136
165*9-154
Jan
182*2-16738 July
x 125*4-120
Rectals paid
754,913
595,125
528,058
Feb
148 -144*2 175 -160
Aug... .x 139*2-126*2 161*2-149
Kan. C. 8t. L. & Chic..
102,175
166x- ;47lli
149*2-140*2 16934-161*2 Sept
140 -126
561.279
Iuterest on debt
771,360 Mar
574,372
562,751
Oct
146 -134*9 160-136 x p
166*9-162
Apr
149%-123
155.931
Taxes *
109,427
147,418
448,291
Nov
175*2-145*2 145 -1304
x 125-113*2 173 -165
854.359 May
Dividends
926,893
865,109
765,77*»
The
of the ChiCt^jo
-
-
-
-
..
11,0^7,991
,
Miseidlaneoua
28,000
2,000
29,500
102,00a
La. & Mo. R. b’d accf.
48,497
30,737
30,737
30,737
2,215,852
2,503,983
2.400.341
2,973,871
Total dislmrsein’ts.
Ba auoe, sur. or def..
*
Back taxes
sur.
4l,180 def. 174,053 sur.333,815 sur.921,035
paid in 1877, $8,667; 1878, $303,266 ; 1879, $34,025.
June.
-(V. 31, p. 68 ; V. 32, p. 264; V. ^3, p, 47, 224, 641.)
Penn. A Ohio, to Chicago, 257 mi es. Built as a connecting line for N. Y.
P. A 0. and N. Y. Lake' line A West., aud both these companies guaran¬
tee the gross earnings on business over their rotwls to and from the
Chic. & Atlantic, as security for interest on the bonds. See V. 33, p. 23.
Chicago Burlington <£ Quincy—Jan. 1, 1880, mileage was as follows;
Chicago
~
"
205
281
Burlington
to Plattsmouth...
Branches—
Central Depot
to
Burlington
Galesburg to Quincy
Galesburg to Beoria
2
100
52
..
Yates City to Lewiston
30
..
Lewiston to Rushvillc
Aurora to Turner J unction...
Geneva to Streator
Bhabbona to Rock Falls
Mendota
33
12
67
46
62
to East Clinton
Buda to Elmwood
Galva to Now Boston
Keithsburg June.to Ke.ithsb’g
Burlington to Carthage
Carthage to Quincy
Sterling to Alton Junction
...
•Clevel. June.to Cleveland, Ill.
Fort Byron to Rock Island...
Keithsbnrgto 8 age town
Keokuk to Burlington
...
Chariton to Leon
Chariton to Indianoia
Charit- n to Chillioothe
Crestou to Hopkins
Crestou to Foutenelle.
Red Oak to Hamburg
Red Oak to Griswold
Burlington Juno, to Viliosca
Hastings to Sidney
Hastings to Carson City
1879.
1,604
1,760
2,675
46
105
97
97
1J321
1,709
1,857
2,773
14,119,665 14,817,105
7,533,135 7,228.222
20,492,017
5,700,299 6,586,530 7,588,883
earnings
54*58
48*74
op’g exp. to o’u’gs
53*35
11,120,L43
17
42
38
33
15
45
.
w
18
35
21
16
Total Income
Disbursements—
Reutais paid
interest ondobt
I
2,212,827
223,313
3.081.985
230.493
X 423,o85
203,006
3,282,71$
441,590
4,366,004
563,385
328.844
6,351.244
7,854,438
10,106,768
235,286
234,445
§ 1,921,695
57
30
179,093
2,110.938
381,015
5 Leon to Grant City
80 Albia to Moravia
40 Bethany J unction to Bethany
260 Plattsmouth to Kearney Janus.
2 Omaha to Oreapolis
Cret* to Beatrice
82"\159
155,695
2,155,972
t 603,437
5,819,284
Balanoe, surplus
7
131,395
2,108,469
6,586,530 7,588,883 *12,028,438
2,479,715
241,104
31,442
Total disbursements
29
191
17
5,700,299
Dividends
Carried to sinking fund.
Miscellaneous
TransPd to renewal Pad
35
11
45*69
INCOME ACCOUNT.
33
...
9,362.904
P.c. of
Taxes
40
operated
Albia to Knoxville
Knoxville to Des Moines
41
50
,
Net
1880.
1878.
1,575
Total gross earnings.. .12,551,454
Total operating expens. 6,851,155
Miies.
Miles.
183*2-167
Dec
-162*2
1877.
Total
Chicago efi Atlantic.—Road in progress from Marion, O., on line of N. Y.
Mainline—
171
Miles owned
Miles leased A contr’ld.
i Includes rental of Kan. C. bt. L. & C.
■*'-*'*
xl22-113
The last annual report was published at length, with an article on the
general situation of the company, in the Chronicle, V. 32, p. 347, 365.
Comparative statistics for four years arc as follows:
1,660,600
Includes $899,315 net receipts B. A M.
t Including $264,656 loi t >xes 1873 and
I Balanoe of accounts writteu off.
*
$ A stock dividend of 20
p; c. was
1.250,060
1,600,000
in Neb. land grant,
1875.
declared, representing $6,218,936
of accumulated income surplus, reducing the surplus by
that amount.
RAILROAD
uu
flabMriben will confer a great favor by giving
first page
Miles Date
of
of
Road. Bonds
of tables.
Chicago Burlington •£ Quincy— (Continued)—
Burl. A Mo. in Neb., bonds, convert, till Jan., 1882
do
consol.M.for$14,000,000, s.f. $30,000
do
Omaha A S.W., 1st M., guar
Burl. A Mo. bonds, s. f. for Atoll. A Neb. RU. stock
Nebraska consol, mort., guar
Republican Valley RR., bonds
Atchison A Nebraska. 1st mortgage
Lincoln A Northwestern RR. bonds
Kansas City St. Jo. & C. 131., mortgage
do
do
income bonds, reg...
19i
Chicago Detroit tC Canada Grand Junction— 1st M
1st mortgage
2d mortgage
1
Coup., but
& Minn.)
| may bo
1st mortgage (Minnesota Central). ) registered
1st mortgage (Iowa A Dakota)
by end’rse1st M.,Ia. ADak.Ext. ($15,000 p.m.)
went.
1st mortgage (Iowa
1st mortgage (Prairie
du Chien)...
600 Ac.
1,828,800
149
1878
1880
1877
1877
1872
1867
100 Ac.
1,000
274
67
73
59
330
330
66
80
r.O
82
82
82
1859
1877
1877
1881
1880
1880
1880
1870
1871
I860
1863
m
100 Ac.
100
1,000
500 Ac.
100
100
100 Ac.
100 Ac.
1,000
1,000
1,000
600,000
1,150,000
100
100 Ac.
500 Ac.
100
100
3,916,200
220,000
335
5,038,000
235
1868
1.000
3.674.000
Chicago Detroit A Canada Grand Junction.—Dec. 31, 1880, owned
from Port Huron, Mich., to Detroit June., 59 miles. Opened in 1859.
Leased t-o Grand Trunk of Canada. Operations, expenses, &c., included
Jn lessees’ returns. Rental—interest, quarterly, $65,700, aud dividends,
semi-annually, each 2 per oeut, $43,800. Capital stock. $1,095,000. and
funded debt, $1,095,000.
The road is owned by the lessees, but a
separate organization is maintained in Michigan.
Chicago A Eastern Illinois—June, 1831, owned from Dolton, Ill.,
Danville, 111., 107% miles; Covington, lud., to Coal Creek, Ind.. 9
miles; Danville to Grape Creek, 7 miles; leased, Dolton to Chicago
<C. A W. I.), 17 miles; Evansville T. Ilaute A C. RR., Terre Haute to Dan¬
ville, Ills, 55 miles ; Otter Creek to Brazil, lud., 14 miles ; Danville, Ill.,
to Coviugtou, lud., 13 miles. Evansville Terre Haute A Chicago leased
May 1,1880, for $7o,000 per year. The Chicago A East Illinois was
chartered as Chicago Danville . A Vincennes in 1865, and opened m 1872
and 1873. bold under foreclosure Feb. 7, 1877, and reorganized under
existing style tk-pt. 1, 1877. Report for ten monUis to June 30, 1881,
in V. 33, p. 411. Dee. 1, 1880, 4 per cent interest Tor 1879-80 was paid
on income bonds.
(V. 30, p. 91, 221; V. 31, p. 327, 451,510 ; V. 32, p.
437,500; V. 33, p. 100, 411,502.)
6
7
6
e e7
6
8
8
4
5
7
3%
3%
12,279,483
10,133,000
1,000
1,000
7
7
7
7
7
7
7
8
6,500,000
387,000
3,681,000
183,000
582,000
J. A
J. A
J. &
A. A
A. A
J. A
M. A
J. A
J. A
A. A
A. A
J. A
J. A
bonds, $3,078,000. Cost of road and equipment, $3,158,000. This road
is used by the Chic. Burl. A Quincy to connect with the Ill. Cent. (V. 30,
p. 168; V. 31, p. 44,122; V. 33, p. 99, 124, 321.)
Chicago Iowa A Neb.—July 1,1880, owned from Clinton, la., to Cedar
Rapids, la. (all steel), 82 miles.
Chartered in 1853 and
opened in 1858.
Bridge over Mississippi opened in 1856. Leased to Galena A Chic. Un. at
37% per oeut of gross earnings, and now operated by Chic & Northw.; the
maximum rental by subsequent agreement not to exceed $500,000 a
year. Interest liability, $47,383, and dividends (10 per cent), $391,620;
total fixed chargee, $439,003 a year. Capital stock, $3,916,200; funded
debt, $676,000; interest and dividend balances, $9,592, and surplus
account, $341,894; total, $4,943,686. Per contra—-Construction, $4,662,123, and cash and cash assets. $281,563; total, $4,943,686. The first
mortgage lias been satisfied and canceled as of record.
do
do
Boston, N. E. Trust Co.
Boston, Office.
Bost., 49 Sear’s Build’g.
Boston, at Office.
Boston.
Boston and New York.
Island,
197 miles;
Eagle to Elkhorn, 17 miles, and Eldridge to Maquoketa, 32 miles; Glen¬
coe to Ortonville and beyond,„ 206 rnuee ; 11 Crosse to Madison, 375
July, 1918-19
Mar. 1, 1908
Jan. 1, 1910
Jan. 1, 1907
1, 1907
April 1, 1902
Jan., 1887
1,’
,
1881.
The .preference of the preferred stock is a prior right to a non-cumulative dividend of not exceeding 7 per cent from net earnings (except that
$250,060 above interest on bonds may be reserved as a working capital,
before payment of the dividend.) After payment of 7 on preferred and
7 ou common, both classes share pro rata. Prices of stock of the Chicago
Milwaukee A St. Paul have been:
«.
/
Preferred.
Common.
1880.
1881
1880.
1881.
/
January
February....
80ha- 75*4
124%-109%
81%- 76*4
117%-10l%
July
August
September..
91%- 87
95%- 87%
October
106%-x91
November,..
112%-101%
103%-100%
104i8-102i8
132 -122
126%-117
-120%
114i8-100
107%-103%
126
113%-108
105%-102
102%- 99
120%-119%
140 -125%
129
-112%
106 - 99%
135%-132
128%-107%
HO -102
138%-12S
H6I4-116 %
13318-129%
112%-108
12238-lll%xp.ll4 -109% 133%-24%x n.
112%-106
‘ xl21 -x09%
124%-116%
110%-105%
124 -117%
125%-119%
129%-120
-*
124%-L19
114%-105
An abstract of the last annual report was published in the Chronicle,
December...
V.
32,
p.
466.
The following table shows the operations earnings, cap¬
for four years :
ital account, Ao.,
1877.
1878.
1879.
1880.
1,412
1,512
2,359
3,775
Passenger mileage... 55,925,449 65,498,189 78,119,592
Rate per pass. p. mile
3-09 ets.
3*21 ets,
2-93 eta.
Freight (tons) mil’ge.271,598,133 321,818,902 401,595,734
Av. rate p. ton p. mile
2#08 ets.
1*80 ets.
P72 ets.
$
$
$
Total gross earn’gs...
8,114394
8,45%767 10,012319
Total operating, exp.
4,540,433
4,792,313
5,473,794
111,561.919
2 84 ote.
Miles
operated
OPERATIONS AND FISCAL RESULTS.
Net
earnings.....
to eartgs
P.c. of op.ex.
3,574,461
5600
504,876,154
1-76 ots
$
13,086,119
7,742,425
3,659,454
4,539,025
5,343,694
56-70
54-70
59-20
INCOME ACCOUNT.
1877.
Receipts—
Balance January 1....
Net earnings
1878.
■
*
A
1380.
$
1879.
$
$
1,433,645
3,574,461
$
2,359,306
3,659,454
13,430
4,539,024
74,517
5,343,694
5,008,106
6,032,190
7,133,615
9,199,530
2,287,407
2,837,385
Other receipts
Portage, 39 miles, Sparta to Melvina, 12 miles; Lisbon to Necedah,
92 miles; Paralta to Farley, 44 miles; Racine to Rock
1, 1910
1, 1896
July 1, 1884
London, England.
2,520,074
$
2,162,159
2,135,730
4,034
429,607
1,289,346
53,000
2,359,306
5,008,106
.
3,531,538
324,298
$
32,040
859.564
859,564
11,078,298
2,520,074
385,106
70,000
3,531,538
6,032,190
7,133,615
9,199,530
..
am to
Jan.
Oct.
Jan.
Boston, at Office.
N. Y., Union Trust Co.
N. Y., Farm- L. A T. Co.
J.
1, 1883
July 1, 1918
Juno i, 1896
near Sabula, la., with branches, 324 miles;
Jenny, 109 miles; Mineral Point to Warren, aud branch, 51
miles; Chicago to Lanark Junction, 115 miles; Sioux City to Yaukton,
with branch, 131 miles; Minneapolis to Burton, 28 miles; from Bridgewater west, 80 mih*s; and small branches, amounting in all to 100
miles; total operated, 3,775 miles.
The Milwaukee At. St. Paul Railroad Company was organized May
5, 1863, and embraced a number of other companies, including the
Milwaukee & Mississippi, the Prairie du Chieu, the Lacrosse A Mil¬
waukee, and otufvs.
The Milwaukee A St. Paul afterward pur¬
chased the St. Paul & Chicago Road and others, and built the line
from Milwaukee to Chicago, and on February 11,1874, the company
took its present name.
In February, 1880, the Hastings A Dakota
Railroad was purchased, aud in March and April the Chicago A Pacific
aud the Sioux City & Dakota. The Western Union Railroad was leased
in 1879 for 999 years, and the bonds were to be retired by the issue of
the Chic. Mil. A St. Paul bonds secured by mort. on that road.
Of the
consol, mort. bonds of 1875, enough are reserved to take up the prior
bonds, and any of the holders of those bonds (except the Iowa A Dakota
division) may exchange them for the consol, bonds. The latter had a
sinking fund of 1 per cent per annum, but holders may have their bonds
stamped and discharged from the operation of the sinking fund. The
Southern Minnesota bonds were all to be exch anged for the bonds of this
company secured on that line (seo V. 30, p.e433), and the condition of
those bonds beforo consolidation may be se n in the Supplement of
April 24, 1880. In Jui.c, 1881. stockholders authorized the issue of
$5,000,000 uew ooinmon stock, which was allotted to common aud pre¬
ferred stockholders of record on Sept. 20 at par, to bo issued Oct. 1,
Chiccgo Milwaukee A St. Paul.—Dec. 31, 1880, the following was
Disbursements—
officially reported as the mileage owned aud operated Chicago to Mil¬
waukee,S*5 miles; Milwaukee to La Crosse, 196 miles; La Crosse to St. Interest on debt
Paul, 13C ailes ; Milwaukee to Prairie du Chien, 194 miles ; Milton to Miscellaneous
Monroe, 4., miles ; North McGregor to St. Paul, 212 miles ; Conover to Diva, on pref. stock *.
Deoorah, 9 miles; Mendota to Minneapolis, 9 miles; Calmar to Marion Divs. on com. stock
Junction, 287 miles ; Austin to Mason City, 39 miles ; Hastings to Orton- Sinking fund
▼ille, 202 miles; Davenport to near Fort Atkinson, 153 miles ; Water- Balance, surplus
ft>wn to Madison, 37 miles; Milwaukee to Portage, 98 miles; Mad¬
13 miles; Wabasha to Zumbrota, 59 miles; Hortcon to Berlin and Winneconne, 57 miles; Ripon to Oshkosh, 20 miles; Sabula to Cedar Rapids,
Jan.
Boston, Office.
....
81.ha- 68%
89 - 73
and a-half,and sold Mar. 9,1878, in foreclosure of second mort¬
Dividend.
A D. New York, 4th Nat. Bk. Dec!
1907
Dec.
do
do
Dec., 1907
do
do
Dec. 1, 1931
J. A J. New York and London. Jan. 1, 1900
Sept. N. Y., Company’s office. July 1, 1930
J. A J.
do
Jan. 1, 1910
do
J. A J. New York and Boston. Jan. 1, 1900
J. A J.
do
do
Aug. 1, 1901
J. A J. Boston, by Treasurer.
Jan. 2, 1882
J. A J. Boston. Merchants’ B’k. J.AJ., 1881-83
F. A A. N. Y., Nat. Park Bank. Aug/15,1892
A. A O.
Oct. 15,1881
New York, Office.
do
do
Oct. 15, 1881
A. A O.
J. A J.
do
do
July 1, 1905
J. A J.
do
do
1893
do
A. A O.
do
1884
J. A J.
1897
do
do
1894
J. A J.
do
do
1899
do
J. A J.
do
J. A J.
do ‘
do
July 1, 1908
F. A A.
do
do
1893
port Huron A Lake Michigan and the Peninsula roads, sold in foreclosure.
gage of $1,150,000, but the sale and all foreclosure proceedings were
canceled and overdue coupons were paid.
Gross earuings for year
endiug May 31, 1881, were $650,000 aud net earnimrs $350,000. Cap¬
ital stock, $1,328,000, and funded debt, $1,750,000; total stock and
J.
J.
D.
O.
O.
J.
8/
J.
J.
O.
O.
J.
Stocks—Last
Whom.
....
85%-*79
83ie- 75%
78 -66%
Chic. & Iowa.- June 30,1881, owned from Aurora,Ill., to Foroston, Ill.,
80miles; leased,Flagg Centre to RijkP* d, 24 miles; total operated, 104
miles. C urtered in i860 aud opened in 1872. Iu hands of a Receiver for
Payable, and by
Tom ah to
March
Btock, $6,600,000 iu $100 shares. The Grand Trunk of Canada gives a
trailic guarantee of 30 per cent of gross earnings on business to aud
from the Northwest Grand Truuk Road, to apply for 20 years on the
first mortgage interest ami for 30 years on the Northwest Grand Trunk
interest. (V. 30, p. 322,384)
Where
J.
Detroit and
two year i
Bonds—Princi¬
pal,When Due.
La Crescent to
miles;
Chicago A Grand Tinuik—This is the consolidation of roads between April
Chicago formed in April, 1880, under the control of the
Grand Trunk of Canada; 335 nules operated. It includes the former- May
June
u
When
Payable
....
211,500
1,000
1,000
No information is furnished by the
7
6
7 g.
7
6
21,404,261
1,000
1,000
1,000
Chicago Cincinnati A Louisville.—Deo. 31,1830, owned from Feru,
4
767,000
250,000
5.174,176
4,000,000
654,656
1875
1863
1864
1867
1864
1869
1878
370
370
220
49
r*
3.000,000
£100 Ac
500
500 Ac.
Ind., to La Forte, Ind., 73 miles. Opened in 1858. It is a reorganiza¬
tion of the Cincinnati Peril & Chicago, and forms a part of the line
to
4
7
6
7
1,125,000
600,000
4,495,522
2.488,174
2,541,000
1,000,000
1,095,000
3,000,000
m
Chicago A Canada South.—Dec. 31,1880, owned from Grosse Isle, Mich.*
to Michigan City.
8
6
8
2.504.000
bo Fayette. O., 67 miles. Ou Nov. 1, 1879, it was trausferred to the Lake
Shore A Midi. South. It has a capital stock amounting to $2,667,400
and a bonded debt of $2,541,000, and owes upwards of $1,200,000 over¬
due coupons Original cost, $5,176,557. It is a part of a projected line
between Chicago and Detroit River, but failed in 1873.
from Indianapolis
officers.
Rate per
Cent.
$157,000
8,105,400
$500Ac.
—(V. 31, p. 179. 223, 240, 259, 288, 381, 405,428,453, 588, 652; V.
32, p. 15, 44, 121, 231, 347, 365.541, 544. 658; V. 33, p. 124, 201,
224, 281, 305, 328, 384, 468, 559, 589, 622, 686.)
-
Outstanding
1,000
1,729
1,729
f
Par
Value.
1877
(now 2d)
(Lacrosse Div.)
Amount
133
14
Chicago Milwaukee A AY. Paul--Com. stock
Preferred st’ek (7 p. c. y’rly, not cumulative)
Consolidated mortgage (for $35,000,000)
or
1,034.000
3,347.000
123
123
Chicago <£■ Grand Trunk—1st mortgage, $ and £—
2d mortgage, income
Northwest. Grand Trunk, 1st mort
Chicago <6 Iowa—1st mort., coup., may be reg
2d mortgage
Chicago Iowa A Nebraska-Stock
2d mortgage (now 1st)
1873
1878
1872
Size,
1,000
.
Chic. <& East. III.—Stock
1st M., coup. <s. f. $20,000 after ’85)
2d mortgage income (non-cumulative)
Extension," 1st mortgage
do
immediate notice of any error discovered in these Tables.
1880
49
Chicago <& Canada Southcm^lst mort., gold
Chicago Cincinnati <£ Louiscille—1st mort
Sd
rvor. xxxiii.
INTEREST OR DIVIDENDS.
DESCRIPTION.
on
BONDS.
STOCKS AND
55,000
81,000
4,343,283
portion of these dividends on preferred stock was stated as
out of the earnings of the previous year as
in 1878. $859,564; in 1879, $429,781; and
t$968#931 paid out Ji‘
e n-iugi
of 1879.
payable
follows: Id 1877, $429,607;
in 1880, $429 781.
...
J
RAILROAD STOCKS AND BONDS.
1881. J
December,
Immediate notice of any error discovered In these Tables*
Subscribers will confer a great favor by giving
DESCRIPTION.
For
explanation of column headings, Ac., see notes
on
first page of tables.
Chicago Milwaukee <& St. Paul—(Continued)—*
2d mortgage (Prairie du Cliien)... ) n
but
Milwaukee & Western
|
^ul
[
e«h»wem»f
8t.P.&C.l8tM.(Riv.D.)$&£(conv.)
1st mortgage. Hastings
1st M., Chic. A Mil. line
& Dakota.
) enu lsern t.
Bonds for Davenport & Northwest RR
1st mort. on 8. W. Div. Western Union RR
235
130
75
85
160
212
{
Chic. & Pne. Div., Chic, to Miss. Riv..
So. Minnesota Div. ($9,000,000)
1st mort. on
1st mort. on
Land grant income bonds
1st mort. on Hastings & Dakota Div
1st mort. on Chic. Clinton Dubuque & Minn
1st old mort.
do
do
'
1st mort. on Wisconsin Valley
Prior mort.
do
i59
300
223
RR
mortgage, Mineral Point Division
Chic. & Pac., West. Div., M., gold, $20,000 p. mile
do Dubuque Southwestern, 1st mort
do 8. City A Dak., Dak. So., 1st M., coup., s. f.
do
do
Sioux City & Pembina, 1st mort.
Chicago & Northwestern— Common stock
Preferred st’ek (7 p. c. y’rly, not cumulative)
Bonds, pref. (sink’g fund), 1st mort., Cliic. to
°
bonds, funded
coup.,
2d
in.,
Osh.
mort., general, 3d mort., Cliie. to Oshkosh
Appleton exten., 1st mort. on 23 miles and land..
Green Bay exten., 1st mort. on 26 miles and land
let mort., Galena A Chicago Un. RR. extended...1
Mississippi River Bridge mils, lieu on net earnings
1st mort. (Peninsular RR.) on roads and lauds...
mortgage (Beloit & Madison Railroad)
Consol, smk’g f’d Mortg
Madison extension, 1st mort., sinking fund, gold.
'
107
107
99
250
47
61%
53
2,154
Cliic, to Osh.
Chicago & Milwaukee, 1st mortgage,
Menominee River. 1st mort., guar
2d lieu
193
193
193
23
20
248
A ssets~~
1
Stocks owned, cost...
Bonds owned, cost...
Bills A acc’ts rec’vable
Materials, fuel, Ac. ..
Cash on hand
Davcn. A N’west RR.
Miscellaneous items..
1,000
1,00)
1,000
74
46
779
120
85
25
•
....
107
500
1,000
1,000
1,000
1,000
1,000
100
100
100 (fee.
100 Ac.
100 Ac.
500 Ac.
500 Ac.
..
1859
1802
1859
1862
1853
1,000
1,000
1,000
1,000
1,000
m
1863
1863
1865
1871
m
•
1,000
1,000
1880
1880
1879
1880
1879
1880
1881
1863
1874
1878
.
•
500 Ac.
1,000
m
1876
2,409.090
185,610
133,127
483,604
783,992
385,971
801,694
1,750,000
112,329
504,715
976,100
264,565
*3i 8,060
60,562,205
63,0S3.910
$
15,404,261
12,279,483
Stock, preferred
Bonds
29,954,500
All other dues & acc’ts
200,099
Income account
2,359,306
364,556
Unpaid pay-rolls, Ac.
$
15,404.261
$
$
15,404,261
15,404,201
12,279,483
32,088,500
12,279,483
41,349,500
305,877
789.927
2,520,074
434,715
3,531,533
12,401,483
67,172,000
2,067,165
4,343,283
1,048,541
Liabilities—
Stock, common
60,562,205
232,736
74,066,074 103,313,644
711,365
873,911
Advances
Total liabilities...
382,951
63,083,910
74,060,074 103,313,641
-(V. 31, p. 44, 56.94. 152, 32*, 483, 535, 445, 558; V. 32, p. 155,
183, 20\ 28-', 3< 7, 433, 456,460,569, 635; V. 33, p. 254, 411,441,
519, 559, 580, 589, 641, 687.)
Where
Payable, and hy
Rate per
When
Cent.
Payable
Whom.
73
F. A A.
Now York Offloe.
7
7 g.
7
7
5
6
6
0
7
7
J.
J.
J.
J.
J.
J.
J
J.
J.
J.
J.
F.
J.
J.
J.
J.
A.
F.
J.
J.
$1,315,000
215,000
4,000,000
121,000
2,500,000
2,500,000
4,000,000
3,000,000
7,000,OOO
373,000
5,291,000
6,000,000
400,000
0
7
6
7
5
5 S7
7 g.
7
3
1,700.000
1,103,965
2,160,000
4,200,000
790,000
600,000
300,000
14,988,257
1%
21,525,352
971,400
676,300
3,440,300
116,000
7
7
7
7
7
7
7
7
7
7
7 g.
7
7
180,000
1,032,000
153,000
201,000
246,000
5,222,000
3,150,000
1,700,000
560.000
>^»^ ben
.
&
&
&
A
A
A
A
A
&
&
A
A
&
A
A
A
A
A
&
A
COMMISSIONER’S
Due.
dividend.
do
do
J.
J. London and New York.
New York, Office.
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
A.
do
do
J.
Boston.
J.
New York, Office.
J.
do
do
J.
do
do
O.
A. N. Y., Nat Park Bank.
do
do
1).
D. New York, Co.’s Office.
do
do
Q.-M.
do
do
F. A A.
do
M. A N.
do
do
F. A A.
do
do
do
F. A A.
do
F. A A.
do
do
do
F. A A.
do
do
J. A J.
do
do
M. A S.
do
do
J. A J.
do
do
Q.-F.
do
A. A O.
do
do
J. A J.
do
do
J. A J.
do
LAND
1680.
199,186
1,181,047
Total
Outstanding
YEAR.
63,399,448 99,185,633
2,163,507
7,133,028
59,001,257
INTERE8T OR DIVIDENDS.
Amount
....
$
$
35*3:It?}
161,653
....
1879
1880
1880
_
1879.
1878.
Railroad,equipm’t, Ac 56,886,833
1,000
1,000
1879
.
GENERAL BALANCE AT CLOSE OF EACH FISCAL
1877.
$
$1,000
1,000
1861
1872
1872
1873
2,154
1st
1st
540
1869
•
1st
Interest
Date Size, or
of
Par
of
Road. Bonds Value.
Miles
1898
„
1891
Jan.. 1902
1902
1903
1919
July 1, 1909
1, 1910
Jan.
Jan.
1. 1910
1890
Jan.
1910
Jaa.
1920
1884
1920
1, 1909
1,
July 1,
Feb. 1,
July 1,
1910
Jan.
1, 1921
Oot.# 1883
Feb, 1, 1894
June l, 1908
Dec. 28, 1881
Deo. 28, 1881
Aug. 1, 1885
Nov. 1,
1883
Aug. 1, 1885
Aug. 1, 1885
Aug. 1, 1885
Feb. 1,
Jan. 1.
1882
1884
Sept. 1, 1898
Jau. 1, 1888
Feb.
1,
1915
April 1, 1911
July 1, 1898
July 1, 1906
REPORT.
The quantity of lands sold from various grants was oa follows: From
the Minnesota grant, 116,555 acres: from the Michigan grant, 51,598
acres; from the Wisconsin giant, 6,533 acres: and from the Menominee
River grant, 17,529 acres; total sales, 192,217 acres. There were also
sold 750% lots from the grants and lands that were platted and laid ont
for town sites at different points along the now lines of road. The total
consideration received in cash and contract obligations for lands and
lots sold amounted to $046,9o7. The number of acres actually deeded
during tlie year was 114,539; and the number of acres at the end of the
year contracted to bo sold was 284,116. The moneys received from
cash sales and advanco payments amounted to $366,369; from instal¬
ment payments on time sales, $148,638; from accrued interest on con¬
tracts, $36,678; and from miseellanoois collections, trespass, stumpago
on timber lands, &c., $7,308; total receipts, $560,994.
TABLE OF
Acres
Acres
deeded
acquired
Name of
unoonvoyed during
Land grant. May 31/80.
year.
Minnesota
1,122,305
267,096
Michigan
583,186
Acres
Wisconsin
Men. Riv. RR.
Total
31, 1881.
LAND GRANT LANDS FOR YEAR ENDING MAY
during
year.
59,710
32,4(8)
9.077
351,402
92,090
33,491
2,148.981
300,588
13,349
Acres not
Acres
under
deeded
or
contracted
to be sold.
contract.
232,136
46,220
1,454
4,299
1,097,553
504,559
340,870
107.932
114,539
234,116
2,050,917
the Chronicle, V. 33, u» 199,
&c., for the whole line, includ¬
An abstract of the l:ist annual report, in
showed the following earnings, expenses,
Chicago c& Northwestern—AX the end of the fiscal year, May 31, 1881,
mileage was made up in tlie annual report as follows: Wisconsin ing proprietary roads:
Division, 329 miles; Galena Division, 313 miles; Iowa Division, 496
OPERATIONS AND FISCAL RESULTS.
miles; Madison Division and Extension, 227 miles; Peninsula Division,
1880-1.
274 miles; Milwaukee Division, 85 miles; total Chicago A Northwestern
Operations—
1877-8.
1878-9.
1879-80.
4,482,317
3,416,413
3,328,427
3,964,798
Railway, 1,725 miles. Proprietary roads: Winona A 8t. Peter Railroad Passengers carried...
and branches, 662 miles; Iowa Midland Railway, 71 miles; Northwest¬
Passenger mileage... 118,877,406 116,068,462 140,116,884 104,333,508
2*64 Cts.
ern Union Railway, 63 miles; Toledo A Northwestern. 83 miles;
2*67 cts.
Sheboy¬ Rate per pass. p. mile
2*83 cts.
2*79 cts.
6,662,112
4,265,n37
5,574,635
3.911,261
gan & Western Division, 78 miles; Milwaukee & Madison Division, 92 Freight (urns) moved
inilos; Iowa Railway (X>al & Manufacturing Co., 3 miles; total pro¬ Freight (tons) mil’ge.C23,768.593 681,67*.311 865,909,542 980,522,774
1*47 Cts.
1*72 cts.
l*5b cts.
1*49 ots.
prietary roads, 1,051 miles. Total miles of Chicago A Northwestern Av. rate p.tonp. mile
and proprietary roads, May 31, 1881,2,778 miles.
$
$
$
Earnings—
Tlie Chicago St Paul A Fond-du-Lac Railroad, which was a consoli¬ Passenger
3,360,679
3,737,343
4.158,130
dation of several roads, was sold in foreclosure June 2, 1859, and the
10,754,168 1#,637,368 12,897,778 14,414,161
Freight
Chicago & Northwestern Railway was organized as its successor with a Mail, express, Ac...,
630,216
702,857
714,228
761,791
mileage then of 193 miles, not all complete.
In 1864 tlie company
Dixon
Rock.
&
absorbed the
Kenosha, the Gal. & Chic. Union and the
Total gross earn’gs. 14,751,063 14,580,921 17,349,319 19/134,072
Peninsula RR. of Mich. In 1878 the Lacrosse Trcmp. A Prescott RR.
8,049,358
7,349,653
9,979,619
7,260,119
Operating
expenses..
was also consolidated.
357,996
446,202
Taxes
382,241
360,827
The progress of the company in mileage, traffic, earnings, Ac., is best
shown in the comparative tables below. Quarterly dividends were com¬
7,707,019
Total
8,431,599 10,425,821
7,620,940
menced on the preferred stock in February, 1879. The sinking fund
8,917,750
6,873,272
8,908.251
7,130,117
bonds of 1879 are secured by a deposit of mortgage bonds, on the new Net earnings
roads acquired at the rate of $15,000 per mile, and the terms under P.c.of op.exp. to earn,
52*86
5166
43-59
53*92
which these arc issued wore published in V. 29, p. 277. The deed sets
INCOME ACCOUNT.
forth that this company issues its sinking fund bonds, to run 50 years
1878-9.
1877-8.
1879 80.
1880-81.
from the lstday of October, 1879, interest not exceeding 6 per cent,
$
$
$
$
and in amounts not exceeding $15,000 per mile of railroad actually con¬
Receipts—
6,894,283
8,917,750
8,908,251
7,130,117
structed or acquired; $2,400,000 of which are to be issued for the pur¬ Net earnings
$
$
Disbursements—
$
pose of enabling it to execute its several contracts with the several
1,225,732
1384,732
1,213,219
railway companies mentioned in the deed, being at the rate of $15,000 Rentals paid
3,322,015
3,647,897
3,339,195
3,261,793
per mile of the railroads to be so added to its general system; and tlie Interest on debt
1,956,034
2,105,868
2,405,521
2,420,273
resiaue of said $15,000,000 of bonds may be issued from time to time, Dividends
98,120
98,120
98,120
113,120
Sinking funds
as said first party shall determine, only for railroads to be built, or in
95
9,442
other ma-uner acquired for the sole use and benefit of said first party, \f iapellJiTieniis
and not to exceed iu amount $15,000 per mile of road so built or ac¬
Total disb’rsem’ts
7,243,101
7,551,022
6,621,6G3
6,691,513
quired and ready for operation. Preferred stock has prior right to 7
202.770
1.674,649
per cent; then common entitled to 7; then preferred has a further prior Balance, surplus
508,454
1,357,229
right to 3 per cent; then common to 3; then both classes share.
GENERAL BALANCE AT CLOSE OF FISCAL YEAR.
The prices of stock have been as follows ;
1380*31
Assets.
Preferred.
Common.
/
Railroad, buildings, equipment, &o.
$122,431,583
:
18 SO.
1881.
1881.
1880.
200,000
Real estate in Chicago.
363,809
136 -123%
147%-139% Des Moines & Minn. Railroad account
107%-104%
January
92 %- 89
1,233,235
107 %-104 •
145 -131% Bonds owned
134%-117
February
93 %- 88%
the
3,24(?,096
*
l,4ot,003
j
.
,
March
97
-91%
April
97
-
92%
May
93%- 87%
June
95 %- 87%
September...
99%- 87%
101%- 97%
106 - 99%
October.....
November...
December...
11738-105
130 -111%
12934-117%
Juy
August
125%-119
124%-li9%
135
-124%
132%-X12438
13l%-121
127%-122
127%-122%
12G%-120%
1303e-123%
110%-106%
110%-107%
109%-105%
110
-107
115%-107%
12534-115%
126%-118%
142 %-122%
14G%-134
138
137
146
144
145
140
140
-131%
-131%
-137%
-137*2
-136
-135%
-135%
136%-131%
144 -135%
145%-136%
land grant and the summary of the Commissioners’
report showed that in 1880-81 192,217 acres and 750 lots were disposed
of for $046,907, the average price of each acre sold being $3 07. The
lands on hand May 31,1881, not deeded or contracted were 2,050,917
The company
aercs.
has
a
Bills and accounts
1,125,779
1,255,098
1,977,865
receivable
Materials, fuol, &c
Cash on hand
Trustees’ sinking fund
1,117,000
$129,704,369
Total
Liabilities.
Stock, common (leas amount held by oompony)
Stock, preferred (less amount
Stocks of
held by company)
proprietary roads, Ac
Bonds, including live bonds iu sinking
Bonds
.
fund
purchased
Dividends declared, not yet due
*
Including $500,000 to be issued for La C. Tromp, Sc P.
$15,093,488
*21,650,783
81,244,660
57,006,000
863,000
831,481
itoc^O
Subscriber* will confer a great favor
explanation of column headings, Ac., see notes
on first page of tables.
Miles
Date
of
of
Roa4. Bonds
•
120
gold
Gen. eons mort., gold, coup, or reg. ($48,000,000) 1,058
137
Winona & St. Peter, 1st mort., guar by Chic. ANW.
137
do
2d mort., guar, by Chic. & N.W.
175
do
1st M. extern, gld, laud gr., s. f..
75
Iowa Midland, 1st mort., guar, by Chic. & N. W..
62
Northwestern Union, 1st mortgage, gold
Menominee extension, 1st mortgage,
1876-09.,
Minnesota Valley, 1st mortgage.. ... T.
Rochester & No. Minnesota, 1st mortgage
Plain View Railroad, 1st mortgage
Chicago & Tomah, 1st mort., guar
Milwaukee A Madison. 1st mort., guar
24
24
15
m
m
m
m
1876-90.
Chic. St. Louis A N. O. 1st mort
do
do
2d mort
cons.M., gld.(for$18,000,000)
do
do
ChiC- St. Paul Min.'polis dt Omaha.—Common stock.
Preferred stock.
Consol, mortgage (for $30,000,000)
Chic. St. Paul A Minn., 1st mort., gold, coup
do
do
1. gr. M., ine., coup. (2d on road)
North Wisconsin, 1st mortgage
fit. P. A8ioux City, mort., gold, for $7,000,000
St. Paul Stillwater A Tajdors’ Falls, 1st mort
Hudson A River Falls. 1st mort
567
567
All.
Size,
or
Par
Value.
Amount
Outstanding
1871
$500Ac.
1872
1870-1
1870-1
1871
1870
1872
1878
1878
1878
500 Ac.
•
Sinking fund bonds ($15,000 per mile)
96
Chicago Pekin dt Southwestern—1st mortgage
Chic.Portagedt Superior—1st mort., gold
Chicago Rock Islahddt Pac.—St’ck (for $50,000,000) 1,348
636
1st mortgage, coup, or reg
271
Chic.A Southw., IstM.g. (g’d in cur. by C.R.I.AP.)
206
Chic. St. Louis dt V. 0.—1st M. (N. O. J. A G. N.)....
224
2d mortgage, (N. O. J. A G. N.)
185
1st mortgage, (Miss. Central) ($100,000 disputed)
2d mortgage,
do
($500,000 disputed) 185
•mm
1879
1871
1881
9
m
m
m
1877
1869
1856
1860
1854
1865
1877
1877
1881
177
177
120
605
23
12
1880
1878
1878
1880
1879
1879
1878
Rate per
When
Cent.
Payable
7
7
7
7
7
8
7
7
7
7
6
6
$2,700,000
12,343,000
2,547,000
1,610,000
4,255,000
1,350,000
3,500,000
1,000
1,000
100 Ac.
1,000
500 Ac.
150;000
•
•
•
•
•
•
•
•
•
•
•
•
200,000
100,000
1,528,000
1,600,000
1,000
1,000
1,000
9,845^000
100
41.960,000
12,500,000
5,000,000
2,848,000
1,487,000
1,000,000
(?)
1,000Ac
100 Ac.
1,000
1,000
1,000
1,000
500 Ac.
500 Ac.
1%
6,045,000
334,800
1,000
125.000
....
482,760
2,529,390
Add. and imp.
nomts—r rinci-
530,000
675,430
310,376
7,533,987
Total
$129,704,369
Total
(including pro¬
following table will show the total miles operated
pal.When Du©
and by
A D. New York Co.’s Office.
do
do
A D.
do
do
A J.
do
do
A N.
do
do
A D.
do
do
do
do
do
do
do
do
do
do
A O.
A S.
A. A 0.
M. A 8.
M. A S.
....
do
Stocks—Last
Dividend.
June
Dec.
Jan.
Nov.
Dec.
Oct.
June
Oct.
do
do
do
do
do
1, 1911
1, 1902
1, 1887
1, 1907
1, 1916
1, 1900
1, 1917
1,' 1908
Sept. 1, 1908
Sept. 1. 1908
Oct. 1, 1929
A. A O.
F. A A. N. Y., Farm. L. A T. Co. Aug. 1, 1901
Jau. 1, 1921
New York.
J. A J.
New York, Co.’s Office. Feb. 1, 18S2
do
do
J. A J.
July 1, 1917
do
do
M. A N.
Nov., 1899
J. A J. N. Y., 214 Broadway.
July 1, 1886
do
Oct. 1, 1890
do
A. A O'.
1884 or before
do
do
M. A N.
do
1886 or before
do
F. A A.
Nov. 1, 1897
do
do
M. A N.
do
Dec. 1, 1907
do
J. A D.
June 15,1951
New York City.
J. A D.
Q-F;
Q.-J.
J.
M.
M.
J.
A.
J.
J.
A
A
A
A
A
A
A
D.
N.
N.
J.
O.
J.
J.
N. Y.. 52 Broadway.
N. Y.,Corn Exch. Bank.
N. Y., 52 Broadway.
N.Y., R. P. Flower A Co.
do
do
do
do
do
do
1878-9.
$
acc’t.
Balance, surplus....
272 232
Aoenied rentals of leased roads in Iowa, not yet due.
General consolidated bonds unsold
Accrued interest, not yet due
Miscellaneous
Balance income account
Whom.
$
03,786
Ac
J.
J.
J.
M.
J.
A.
M.
Where Payable,
1877-8.
1880-81.
$1,117,000
*
6
6 g.
6 g.
6
6 g.
7
8
50,000
800,000
1,000
g.
134
9,848/333
7,255,000
3,000,000
1,000
g.
6
7
8
8
7
8
7
6
5 g.
181,000
10,189,000
17,205,833
1,000
g.
g.
5 A 6
7
6 g.
338,000
1,536,000
1,421,000
500 Ac.
100 Ac.
100
100
Sinking funds paid
Tbe
discovered In these Tables.
by giving immediate notice of any error
Chicago dt Northwestern—{Continued)—
Real estate, mortgages. Ac.
Current bills, pav-rolls. Ac
Uncollected coupons, old dividends,
yol. xxxui;
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
BONDS.
STOCKS AND
KAILKOAD
xxiv
108,500
2,202,121
3,793,584
15,588,058
Jan. 19,1882
June 1,' 1930
May 1, 1918
May. 1898
1, 1930
April 1. 1919
July 1, 1901
July 1, 1908
Jan.
1879-80.
1830-81.
$
2,285,000
2,303,986 df. *430,196
$
5,95 4,388
6,177,901
*
The deficit m balance is on year’s operations; there is a nominal
surplus from prior accumulated income or $238,202, against a surplus
March 31, 1880, of $8,571,433, the amount being reduced by trans¬
ferring to capital account $7,903,038.
t In the report
Iowa Southern & Mo. Northern stock, he Id in trust—
$4,230,696; but is not included here.
The last annual report, in the Chronicle, V. 32, p. 684, had the follow¬
ing as to the land grant: “ For the fiscal year ended March 31. 1881,
the conveyances and contracts to convey lands acquired under the land
,
prietary roads) the gross earnings, net earnings, surplus above annual
charges and dividends paid, in each fiscal year since 1876-7 :
Surplus over Dividends
Net
Gross
interest,
grant acts of the United States amounted to 94,452 acres, for a total
paid,
Average
Revenue.
rentals, Ac. prof, com. consideration of $781,261. Of the above, 595 acres were merely quit¬
Earnings.
Miles.
Years.
claimed, there being opposing titles uuder the swamp land grant, for
2*2
$5,507,001 $1,078,227
1,993 $13,033,102
which $744 was received. The regular sales thus were 93,857 acres, for
7
2,464,488
14,751,062
7,130,117
2,037
7
*
$780,517 ; the average price per acre being nearly $8
* *
6,873,272
2,287,627
14,580,921
2,129
The amount received for interest during the year was $91,451. The
7
4,080,167
8,917,750
17,349,349
2,216
bills
3.1st
of
1881,
$1,535,621,
receivable amounted on
March,
to
an.
7
3,777,502
8,908,251
19,334,072
2,644
increase during the year of $331,995. The taxes paid (on land unsold,
—(V. 31, p. 94, 152, 202, 218. 428, 535, 652; Y. 32, p. 233, 611, 636
Nov. 1, 1880), were $24,687. The remittances from sales and collections
V. 33, p. 199, 322, 404. 167, 559, 580, 587.)
to the Treasurer of the company at New York amounted to $190,000.
There remained unsold on April 1, 1831, of the lands certified, 125,145
Chicago Pekin dt Soulhiccslern —July 1,1880, operated from Pekin, Ill.
♦o Mazon Bridge, 111.. 94 miles, of which 6 miles leased. Chartered in acres.” (V. 31, p. 228. 453, 558 ; V. 32, p. 44, 265, 367, 437, 551, 577,
1859 and opened in 1876.
Receiver appointed in June, 1877. Sold 684 ; V. 33, p. 13, 357.)
under foreclosure of second mortgage May 31.1881, and to be reorgan¬
Chicago St. Louis <£• New Orleans.—Aug. 18, 1881, owned from New
ised. For 21 months ending May 31, 1881, gross earnings were $654,098; net, $193,340. (V. 31, p. 152, 381, 405, 453; V. 32, p. 312, 526, Orleans, La., to Cairo, Ill., 549 miles; branch: Kosciusko Junction,
Miss., to Kosciusko, Miss., 18 miles; leased, 5 miles; total operated,
SI2, 658, 685; V. 33, p. 124, 328, 587.)
572 miles. This company was formed November 8, 1877, by the con¬
Chicago Portage <£■ Superior.—This road is projected from Chicago to solidation of the New Orleans Jackson & Great Northern and the
(Superior, about 407 miles, with a land grant in Wisconsin under chapter Central Mississippi. The N. O. J. A G. N. road had been sold in fore¬
126 of the laws of 1874. The total amount of the mortgage is $10,200,- closure March 17,1877,
and the Mississippi Central was sold August 23,
000. Wm. II. Schofield, President, New York. (V. 32, p. 636; V. 33,
1877. This company is controlled by the Illinois Central, which holds
p. 467.)
$6,670,000 of the stock. The stock is $10,000,000. Of the first mort¬
Chicago Rock Island <6 Pacific.—This was a consolidation June 4, gage bonds, $1,541,000 are a prior lien on that portion of the road in
1889, with $50,000,000 stock authorized, and a scrip dividend of 100 Tennessee. The Chicago St. Louis A New Orleans 2d mortgage bondg
per cent to the holders of Chic. R. I. A P. stock Mar. 31, 1881. The lines arc incomes until Dec., 1882, after which they draw interest at 6 per
were given as follows: Chicago, Ill., to Council Bluffs, Iowa, 500 miles;
cent. Of the Miss. Cen. bonds $600,000 are claimed to have been paid
South Englewood to South Chicago, 71s miles; Wilton, la., to Knoxville, and are disputed by the present company. The consol. 5 per cent mort¬
128; Washington, la., to the Missouri River opposite Leavenworth, gage bonds of 1951 are to be issued only for redemption of prior bonds,
271; Edgerton Junction, Mo., to the Missouri River opposite Atchison, and their issue does not increase the debt, which is. Limited to
29; Dos Moines, la., to Iudianola, 21 Lj; Somerset Station, la., to Winter- $18,000,000.
In 1878, gross earnings, $2,819,018; net earnings,
set, 26*2; Newton, la., to Monroe, 17; Atlantic, la., to Lewis, 9; Lewis $818,723.
For 1879 no figures are given. I11 1880 gross earnings
to Griswold, 14; Avoca, la., to Carson, 17; Atlantic, la., to Audubon, were $3,711,000, but no details of operati ons in the past tw© years are
25; total owned, 1,052 miles. Leased: Bureau Junction. Ill., to Peoria, made public. (V. 31, p. 191, 216, 405 ; V. 32, p. 183. 205, 288; V. 33,
47; Keokuk, la., to Des Moines, 162; Fort Leavenworth, Kan., to p. 46, 73, 153.)
Leavenworth, 2; Avoca, la., to Harlan, 12; Guthrie Station to Guthiic
Chicago St. Paul Minn. dt Omaha.—The mileage January 1, 1831, was
Centre, 15; Cameron, Mo., to Kansas City, 54; Mount Zion Station, la., as follows: Eastern Division—Elroy to St. Paul, 198; River Falls
to Keosauqua, 4Lj; total leased, 296; total owned and leased, March 31,
Branch, 12; Menominie Railroad, 3; Stillwater Branch,'.
Northern
This company includes the former Mississippi A Division—North Wisconsin Junction to Cable, 120. St. Paul Division—
1881, 1,353 miles.
Missouri Railroad of Iowa, which was foreclosed under mortgage in St. Paul to St. James, 122; Blue Earth Branch, 44. Sioux
City Di¬
1866. The Illinois and Iowa loads were consolidated August 22, 1866. vision—St. James to Sioux
City, 148; Sioux Falls Branch, 98; Black
under the present title, and the main line was extended to Council Hills
Branch, 44; Rock River Branch. 28. Nebraska Division—Coving¬
Bluffs June, 1869. The Iowa Southern & Missouri Northern was form¬ ton to
Omaha, 126; Niobrara Branch, 16. Total 963 miles. This was
erly the Chicago & Southwestern, and was foreclosed and purchased a consolidation July, 1880, of the Chicago St. Paul A Minneapolis
by this company, and consolidated June, 1880.
The fiscal year ends (formerly West Wisconsin), the North Wisconsin, and the St. Paul A
March 31 and the last report was in V. 32, p. 684.
The mileage, earn¬ Sioux City. See statement in V. 30, p. 675. Stock was increased in
ings, &c., have been as follows for five years past :
June, 1881, as per Chronicle, V. 32, p. 500. Preferred stock has a prior
Net
Div.
Passenger
Ton
Gross
right to non-cumulative dividend of 7 per cent from net earnings; but
Earnings, p.ct. common shalL never receive more than is paid on preferred.
Years. Miles.
Mileage.
Mileage.
Earnings.
707 66,634,585 337,135,683 $6,917,657 $3,349,364 8
The Chic. SL Paul & Minneapolis l st mort.is a 2d on the lands; the
3,511,356 8
7,895,870
land mort. a 2d on road; but no foreclosure can lie had except on de¬
1,003 62,098,473 370,436,382
4,329,960 8
9,409,833
fault on 1st mort. The lands mortgaged are about 500,000 acres, and
1,231 62,811,574 510,859,804
5,265,116 8
1,348 82,610,900 686,458,954 11.061,662
the total lands owned considerably more.
(V. 30, p. 675; V. 31. p. 20.)
7^4
5,326,752
The North Wisconsin was in progress from Lake St. Croix to Bayfield,
1,353 93,769,305 746,573,66 4 11,956,907
Wis., 165 miles. For each mile built $10,000 in bonds and $15,000 in
Income and disbursements for four years were as follows:
stock were issued. (V. 30, p. 248.) The St. Paul A Sioux City was a
INCOME ACCOUNT.
consolidation in August, 1879, of the St. Paul A Sioux City and the
1880-81. Sioux City A St. Paul, forming a main line from St. Paul to Sioux City,
1879-80.
1878-9.
1877-8.
$
$
$
$
270 miles. With extensions in progress, the company had 460 miles of
6,177,901 road, witn a single mortgjige of $4,600,000, or $10,000 per mile. All
5,945,388
Total income
5,588,058
3,793,584
the old stocks of both roads were retired with tke new stock. The St.
$
$
Disbursem ents—
$
322,137 Paul Stillwater A Taylor’s Falls was consolidated with this company,
135,037
Rentals paid
125,000
125,000
949,700 also the Worthington Sioux Falls & Iowa and Covington & Black Hills.
1,078,110
1,008,580
Interest on debt
1,002,325
288,873 The St. Paul & Sioux City had lands unsold Jan. 1,1879, of 560,680
295,841
218,155
Tax68
247.400
2,727,387 acres; the Sioux City A St. Paul had 439,858 acres. In January, 1880,
2,097,988
Dividends
1,678,384
1,993,085
200,000 acres of land were sold to English capitalists at $6 per acre.
Sinking fund
40,000
35,000 In year ending June 30.1881, gross earnings were $2,139,593; net,
34,426
41,117
Legal expenses
34,827
$1,004,003.
Miscellaneous
* 557,148
The following was in the Chronicle, V. 33, p. 441: “ No annual report
of
this important company was issued for the year 1880, and therefore
id $4!
railroad and other bonds, previously given in capital account, and dis¬ the report to the Railroad Commissioner of Wisconsin for the year end¬
ing June 30,1881, is of greater interest. This report, quoted in the St*
appears from both accounts iA following year.
„
“
r
.
•4
X’XCKMBRR,
RAILROAD
1861.'
Subscribers will confer
a
Miles
Date Size, or
of
of
explanation of column headings, Ac., see notes
Road. Bonds
on first page of tables.
23
Chicago d iVest. Indiana—1st mortgage
Chicago d Went Michigan—Stock, new
1st mortgage, New Buff, to St. Jo
Gr. Rap. Newaygo & Lake Sh., 1st mort. coup
2d M.
do
on
35
1880
....
....
A 1st on 11 m., coup
per mile)
m.
Cincinnati Indiana)). St. Louis d Chicago—Stock..
Ind. A Cin. of 1858, 1st mort
35
46
....
40
194
Equipment bonds, registered
1867
$--..
$4,000,000
6,151,000
100
500 Ac.
1873.
1,000
500Ac.
1862
1867
1880
1871
1S70
1,000
1,000
1,000
1,000
1,000
Cin. A Ind., 1st mortgage
do
2d M., guar., and funded coupons
1st mort., Cin. Ind. St. L. & Chic, (for $7,500,000)
Cincinnati Lafayette * Chicago, 1st mort., gold
Cincinnati <6 Muskingum Valley— 1st mortgage
Cincinnati ft civ Orleans d Texas Pacific—Stock
20
20
194
56
148
....
....
....
Cincinnati Northern.—1st, gold, mortgage
Cin. Richmond d Chic— 1st mort., guar. C. II.AD..
2d mortgage, guar, and owned by 0. II. & D
Cin. Richmond d Ft. IF.—1st mort., gold, guar
Cincinnati Sandusky d Cleveland—Stock
50
36
36
90
188
1880
1866
1869
1871
1,000
1,000
1,000
Preferred stock
Mortgage bonds, Sandusky, Dayton & Cincinnati
do
Sandusky City & Ind
2d mortg. Cine., Sandusky & Cleve
Cincinnati d Springfield—1st mortgage, guar
138
..
2d mortgage
Cincinnati Wabash & Michigan— Stock
Cleveland Akron d: Co'umbus— Stock
Cleveland Canton Cosh. d
1st mort., gold
Cleveland d Mahoning Valley—Stock.
1st mortgage, extended
mortgage
....
....
80
48
111
145
....
80
67
67
35
....
•
•
•
•
1866
1852
1867
1871
1872
....
....
1880
....
1873
1876
1870
50
50
....
....
....
1,000
1,000
....
100
100 Ac.
50
500 Ac.
500 Ac.
500 Ac.
is $16,156,175 Total stock and debt is $30,582,841, which is
$43,024 per mile on a total of 920-88 miles of road. The expendi¬
tures of the company on property accounts were as follows: Extension
of tho North Wisconsin Railway, $787,480; new lines in Nebraska,
pany
$16,148; cost of the Menominee RR., $44,017 ; cost of the Black River
Railway, $49,166; the Eau Claire & Chippewa Falls Railway, $1,591;
right of way, $2,363; new freight and passenger stations, water stations
new
shops, engine houses and turn-table,
t32,470;
freight depot,
yard and
grounds inbridge
.'Minneapolis,
106,632; new drawbridge
at Hudson.
$53,130;
over tbe
new
Dew
480.000
576,000
200.000
2,050,000
140,000
6,000,000
1,600,000
2,790,000
68,000
499,000
1,466,800
1,076,000
1,120,000
1.500.000
1,000
Paul Pioneer-Press, gives the total income of the company as $2,139,593, of which $574,385 was from passengers and $1,565,208 from
freight; operating expenses, $1,135,249, leaving $1,004,343 as excess
of income over operating expenses, not including taxes.
Dividends
declared during the year were $336,138, all on preferred stock. Amount
of common stock issued since the date of last report. $8,491,833; pre¬
ferred stock, $8,613,333. Total amount of stocks outstanding, $23,426,066.
The stock issued during the year was to take up the stock of the
roads consolidated June 1, 1880, to purchase stock of the consolidated
roads June 1, 1880, and to purchase the stock of the St. Paul & Sioux
Gity Railway Company. The total bonded indebtedness of the com¬
$47,830;
Amount
Outstanding
1,000
1858
90
par
1,000
1,000
500 Ac.
1,000
•
151
Indianapolis Cin. & Laf. mortgage
and wood sheds,
BONDS.
xxr
discovered in these Tables.
INTEREST OR DIVIDENDS.
Value.
....
I860
1871
1875
1881
1881
....
General mortgage ($12,000
Cin. Georgetown d Portsmouth.—1st mort
New bonds
Niles & New Lisbon, 1st
AND
groat thvor by glTlng immediate notice of any error
DESCRIPTION.
For
STOCKS
3,000,000
1,000.000
560,000
65,000
1.800,000
4,005,750
429,037
715,000
350,000
1.072,300
2,000,000
651,000
1,815,926
4,000,000
800,000
2,759,200
Rate per
Cent.
6
When
Where
M. A N. N.
2ia
8
8
7
5
6
Princi¬
pal, When Due.
Payable and by
Whom.
Pay’ble
Ron
Y., Drexcl, M. A Co.
Boston.
Stocks—Last
Dividend.
Nov. t, 1909
Feb. 15, 1881
M. A 8. Bost.. Treasurer's office.
J. A J.
N. Y. Union ’trust Co.
J. A D.
do
do
Sept. 1889
July 1, 1891
A. A O. Boston, Pacific Nat. Bk.
New York.
Q.-J.
A. A O. N. Y., Amer. Ex. Bank.
F. A A.
do
do
M. A S.
do
do
J. A D.
do
do
J. A J
do
do
M. A N.
do
do
M. A 8. N. Y., Am. Exch. N. Bk.
J. A J. New York, Moran Bros.
April 1, 1901
Oct., 18*1
April, 1888
Feb., 1897
Sept. 1, 1883
Dec., 1892
Jan.’82,»87.’92
May 1, 1929
A. A
J. A
J. A
J. A
N. Y., Geo. W. Ballou.
J. N. Y., Winslow, L. A Co.
do
J.
do
D. N. Y., Winslow, L. A Co.
Oct. "I,‘1920
A
A
A
A
A
A
N.
do
do
do
A.
do
S.
do
do
D. N. Y., Union Trust Co.
N. Y., U. S. Trust Co.
O.
7
M.
F.
M.
J.
A.
J.
7 g.
J.
3^
M.
F.
M.
J.
A
A
A
A
A
Juno 1,1905
1921
l^J
7
7
10
7
7
6
7 g.
7
6 g.
7
7
7 g.
10s.
3
6
7
7
7
630,000
?g-
500,000
7
0.
Boston, Office.
do
J.
do
J.
New York.
N.
A.
S.
J.
Cleveland, Office.
N. Y., Ward, C. A Co.
N,
Y., Union Trust Co.
Mch., 1901
Jan., 1901
July, 1805
Jan.
1, 1889
June, 1921
1872
Nov. 1. 1P81
Aug. 1, 1900
Sept. 1, 1897
Dec. 1. 1890
April 1, 1901
1902
July 1, 1910
(?)
Aug. 1, 1893
Sept., 1906
Jan., 1890
Cincinnati d MusJcingum Valley.—Deo. 31, 1880, owned from Morrow*
O., to Dresden Junction, O., 148 miles. Chartered as Cinn. Wilm. AZanee.
in 1851 and opened in 1857. Sold under foreclosure Oct. 17,1863, and
reorganized as Cincinnati A Zanesville March 11, 1864. Sold again
Dec. 10, 1869, and reorganized as at present. Leased for 99 years from
Jan. 1,1873, to P. C. & St. Louis, lessees to pay all expenses and inter¬
est, any excess of earnings to inure to the lessors. Gross earnings In
1880, $364,703; net earnings, $44,821; interest paid, $105,000; deficit
advanced by lessee, $60,178. Capital stock, $3,997,320. (V. 30. p. 382;
V. 32, p. 498.)
Cincinnati New Orleans d Texas Pacific—This is the company organ
ized to operate the Cincinnati Southern under the Erlanger
Syndicate.
Theo. Cook, President. See V. 33, p. 328, 468.
Cincinnati Northern—W ayneaville to Cincinnati, 50 miles. Connect¬
ing line of the Toledo Delphos & Burlington. (V. 32, p. 6.)
Cincinnati Richmond d Chicago—March 31, 1881, owned front
Hamilton, O., to Indiana State Line, 36 miles; leased, Richmond*
Ind., to Ohio State Line, 6 miles; total operated, 42 miles.
Char¬
tered as Eaton A Hamilton in 1847 and opened in 1863. Reorganized
May 3, 1866, and leased in perpetuity from February, 1869, to C. H. &
D. Co., the lessors to receive all surplus after expenses and bond interest.
Gross earnings in 1880-31, $224,649; net. $35,989; interest liability*
$43,120; deficit, $7,131. Capital stock. $382,600; funded debt, $025,000; total (cost of property), $1,007,600. (V. 29, p. 15.)
Cincinnati Richmond d Fort Wayne.—Dec. 31,1880, owned from Rich¬
mond, Ind., to Fort Wayne, Ind., 83 miles; leased, 8 miles of Pittsburg
Fort Wayne & Chic.; total operated, 91 miles.
Chartered in 1853 ana
opened in 1866. Leased for 99 years to Grand Rapids A Indiana; in¬
terest is guaranteed by thelessees and by the Pennsylvania Company
and Cincinnati Hamilton A Dayton Company, jointly.
Gross earnings
in 1880, $372,768; net, $88,494. Loss to guarantors, $72,021. Capital
stock. $ 1,708,621. Total advanced by guarantors, $650,744. (V. 29, p.
299 ; V. 32, p. 499 )
Cincinnati Sanduslcy d Cleveland.—June 30,1881, owned from San¬
dusky, O., to Dayton, O., 154 miles; branch, Carey to Findlay, 16 miles:
OhippewaRiver, $84,279; new sidetracks, $33,893; new steamer for the
Missouri River transfer, $867; consolidation expenses, $13,131; other
expenditures sufficient to make a total of $1,353,870 paid out for
construction. Number of locomotives
purchased during the year, 36,
at a cost of $321,164; passenger, mail and baggage oars, 5, at a cost
of $18,959; freight and other carH, 1,309, at a cost of $777,465; total,
for the equipment, $1,117,589. Total cost of the line to date of this
report, $35,109,978; at date of last report, $12,542,980. Cost of the
St. P. & Sioux C. R’y, $18,728,684. At present the company owns 111
locomotives, 45 passenger cars, 27 baggage, mail and express cars, 3,223
freight cars and 59 other cars. (V. 31, p. 88, 281, 535, 606, 625; V. 32,
p. 155, 206, 500, 552, 569, 577; V. 33, p. 99, 225, 357, 441, 526, 580.)
Chicago d TVesf. Indiana—Owns from Dalton, Ill., to Chicago, with
branches, 23 miles. Opened May, 1880, and leases road for right of
way into Chicago to the Wabash, the Grand Trunk of Canada and the
Chicago & Eastern Illinois roads. 8tooR is $500,000.
leased, Columbus Springfield & Cincinnati. 44 miles; total operated, 214
Chicago d West Michigan—Da c. 31, 1880, owned from New Buffalo miles, less the division between Springfield A Dayton, 24 miles, which is
Michigan, to Pentwater, Midi., 170 miles; branches—Holland Junction leased to and operated by the Cleveland Columbus Cincinnati & Indian¬
to Grand Rapids, 24 miles; B. R. Junction to Big Rapids, 51 miles;
apolis. In Anril, 1881, a lease was made to the Indiana Bloomington
total operated. 245 miles.
Organized as successors of Chicago A A Western. By the terms of the lease this company takes 33 per cent of
Michigan Lake Shore Jan. 1, 1879, the C. & M. L. S. having been sold in its gross earnings as rental; but the amount In auy one rear shall not
foreclosure Nov. 16,1878. Consolidated in Sopt., 18S1, with the Grand be less than $220,000, nor more than $500,000, and there are also
Haven road, 57 miles, Muskegon to Allegan, and the Grand Rap. Noway
g- (V. 32,
go & Lake Shore, 46 miles, from Grand Rapids to White Cloud. (See V. p. 334.)
33, p.384.) Earnings in 1880, $840,021, and expenses, $600,438; net
Net
/—Lease Rentals.—*
Gross
Available
Years.
Paid.
Revenue.
$239,583; interest paid, $38,400; dividend, $153,572, and expended
Received.
Earnings.
Earnings.
for construction and equipment, $94,155. (V. 27, p. 227, 538; V. 30, p.
1875-76.. $791,891
$71,186
$214,983
$81,124
$205,044
p.270; V. 32, p. 100, 121, 4 42, 685; V. 33, p. 99, 124, 384, 622.)
1876-77..
80,000
109.950
655,421
124,744
65,206
112,284
65,942
113,963
67,621
Cincinnati Georgetown d Portsmouth.—Line of road from Cincinnati 1877-78..
647,202,
1878-79..
655,300
150,236
180,105
to Portsmouth, O.. 40 miles. Narrow gauge and bonded at $6,000
69,869
40,000
per
..
.
..
.
mile; bonds offered in 1881 in Boston,
Cincinnati Indianapolis St. Louis d Chicago.—June 30, 1881, owned
from Cincinnati to Lafayette., Ind., 175 miles;
Lawreneeburg branch,
2 miles; Harrison branch
(partly owned), 7 miles; Fairland F. A M.
Road, 38 miles; and Cincinnati Lafayette & Chicago (leased), 75 miles;
total operated, 297 miles. July, 1881, leased the Ver. Greens. & Rush.
RR, 45 miles, for operating expenses, interest on bonds, etc. Formerljthe Indianapolis Cincinnati &
Lafayette, fcwhich was a consolidation in
1876 of the Indianapolis A Cincinnati and the Lafayette A Indianap¬
olis railroads, the company taking a perpetual lease of the Cincinnati
<fc Indiana Railroad. On August 1, 1876, a receiver was
appointed,
and the road was sold in foreclosure Feb. 2, 1880, and this company
organized. Of tho $7,500,000 new bonds $6,885,000 was reserved, into
which all of the old-bonds prior to the Indianapolis Cin. & Laf. 7s of
1869 could be exchanged at par. The other securities were provided
for as follows: The7s of 1869 received 70
per cent of their face in new
stock, and the funded debt 7s, or preferred stock, 40 per cent. This
left a balance of new stock of $2,029,045, which, with the balance of
new bonds, $615,000, was offered as follows: To the 7s of
1869,10 per
cent in bonds and 30 per cent in stock for 10 per cent cash; to the
funded debt 7s, 20 per cent bonds and 60 per cent in stock for 20 per
oent cash; to the common stock, 2 per cent bonds and 6
per cent in
stock for 2 percent cash. In July J1881, $2,000,000 new stock was sold
to stockholders at
70, and proceeds used to extinguish floating debt
($1,060,000); also, $300,000 contributed towards a new line to Seneca
and balance used for other
purposes. Second annual report of new
company in V. 33, p. 501. Operations and earnings for five years wrere:
years.
}§76-7
J327'8
JQ78-9
Miles.
194
194
194
Passenger.
Mileage.
19,244,431
18,971,743
17,689,617
Freight (ton)
Gross
Mileage.
Earnings.
$1,311,210
1,309,087
1,342,701
1,761,242
38,803,669
41,000,163
50,225,000
105,567,662
Net
Earnings.
$190,810
494,388
507,920
491,487
1879-80.... 300
27,839,061
1880-81
297
29,870,496
128,930.363
961,490
2,365,058
-<V. 30, p. 168, 192, 624: V. 31, p. 259, 356, 510, 672; V. 32, p. 134,
5u2; V. 33, p. 153,468 501 502 588.
,
-
1879-80..
735,576
255,062
208,106
40,000
86,956
Six coupons ou 2d mortgage bonds were funded from June, 1877.
The preferred stock has a lien by deposit of old bonds in trust. Tho
Receiver, after a three years’ possession of the property, was dis¬
charged January 1880. (V. 31, p. 179, 405, 429, 672; V. 32, p. 15,
.
334, 420.)
Cincinnati d Springfield— Dec. 31,1879, operated from Dayton. O.,
to Springfield, O., 80 hiiles, of which 24 miles were leased from Cincin¬
nati San. & Clev. RR. The whole is leased and operated by Clev. CoL Cin& Ind. Co., giving them a line into Cincinnati, and depot accommoda.
tion.
Lessees apply any excess over rentals to C. & S. interest, which
is guaranteed on the first mortgage, one-half by the lessees and one-half
by L. Shore & Mich. Southern.
Stock is $1,100,000.
Cincinnati Wabash d Michigan.—Dee. 31,' 1880, owned from Goshen*
Ind., to Anderson, Ind., Ill miles. Road, as .now existing, opened la.
Nov., 1876. Transferred to trustees Jan. 1,1878, and sold Nov. 5,1879.
to said trustees, for account of bondholders. New company organized
April, 1880, under name of Cincinnati Wabash A Michigan Railway.
Total stock authorized. $3,000,600. See annual report For 1880 in Y.
32, p. 525. (V. 29, p. 382; V. 30, p. 433 ; V. 32. p. 525.)
Cleveland Akron d Columbus.—Dec. 31,1881, owned from Hudson, Cb.
to Columbus, O., 144 miles; leased, Massillon to Clinton, 12 miles; totw
operated, 156 miles. Operated by Pennsylvania Company.
Default
was made July, 1874, by Clev. Mt. V. * Del.
Foreclosure suit begun
June, 1880, and Mr. G. A. Jones, of Mt. Vernon. O., appointed Receiver
in Sept.. 1880. Sold in foreclosure August 20, 1881, to H. W. S mi there,
for $1,142,000, and new company under above name took possession
Dec. 1, 1881. Road lias no bonded debt. (V. 31, p. 259, 357; V. 33, p.
124,225, 468, 588, 715.)
Cleveland Canton Coshocton d Straitsville.—This road is owned In the
interest of the Connottou Valley. In May, 1881, an increase of stook
from $800,000 to $2,000,000 was voted. (V. 33, p. 468.)
Cleveland d Mahoning Valley. -Doc. 31, 1880, owned from Cleveland,
O., to Sharon, Pa., 81 miles; Niles, O., to New Lisbon, O., and branches,
46 miles; total operated, 127 miles. Chartered in 1813 and opened in
[VOL. XXXIII.
Subscribers will confer a great
favor by giving
Immediate notice of any error discovered
in tbese Tables.
Bonds—Princi¬
pal, When Due.
Payable, and by Stocks—Last
INTEREST OR DIVIDENDS.
For
explanation of ooltunu headings, &o., see notes
on first page of tables.
Date Size, or
Miles
Amount
Rat© per When Where
Par
of
of
Outstanding
Cent.
Payable
Road. Bonds Value.
Cleveland <£ PiUsburg—Guaranteed
stock
(now 1st)
Consolidated sinking fund inort. for $5,000,000..
Construction and equipment bonds
Oleve. Tuscans Val. <£• Wheeling—IstM., (L.S.A:T.V.)
1st mortgage, new, prior lien
4th mortgage
225
199
190
2d mortgage, new
E. & B., 1st mortgage
2d mortgage
Colombia <6 Port ll posit— 1st mortgage
Colu mbus Chicago dc Indiana Central-Stock
Central..
1st M (consol.) Columbus, Chic. & Iud.
do
Chio. Ac G’t East. (Ohio, to IyOgansporl). ..
do
Col. Ac Ind’polis Cent. (Col. to Ind’s, Tad )..
do
Union Ac Logansp’t (U’n City to Logansp’t)
do
Tol -Logansp’t & Burl.(Logansp. to Ill. line)
do
Col.Ac Ind.com.,1st&‘2dpf.(Col. to U’n City)
do
Cinn. & Chic. Air Liue(Richm’d to Logans.)
2d M. Col. & Ind’polisCent. (Cov. to Union City).,
do
Ohio. Ac G’t East, construe. (Chic, to Rick’d)
do
Columbus, Chicago Ac Iud. Central........
Income eonv.. Col. Ohio. & Ind. Central
Income (Toledo, Logansport Ac Burlington)
Union Trust Co. cei l ideates
,
Columbus Hocking Valley <£ Toledo—Stock
Oonsol. mortgage, gold (for $11,500,000)
1st mortgage, sinking fund bonds
mortgage bonds
Columbus Ac Toledo, 1st mortgage coupon, s.
2d
2d mortgage coupon, s.
Ohio Ac W. Va.. 1st M. (s. f.
1862
1867
1873
1871
1878
1877
•
50
500
11,244,350
1,096,000
1,000
1,000
2,561,000
1,303,000
1,000
2,000,000
f
f
$■ 5,000 begins in ’HO)
18
78
161
161
30
588
588
117
208
03
61
102
107
208
224
587
1,000
1 OOcNie.
300
2,526,000
2,000,000
1,000,000
1,603,000
13,938,972
1,000
10,178.000
1,000
a
....
1863
•
•
•
1864
lti65
1863
372,000
1861
821,000
23,200
120,000
•
1876....
1877
1878....
1870....
.
.
.
.
Miles.
226
226
226
226
1880
226
Freight (ton)
Mileage.
•
•
A. Ac O.
F. Ac A.
J. Ac J.
-
1867
1872
1875
1880
500 Ace.
1.000
3,000
1,000
2,474,000
383,000
7
1370
1.000
1,584,000
7
Gross
108,661,100 $2,282,030
3 33,901,706
2,330,834
2,272,167
143,114,623
3 64,675,804
2.418.516
172.535,850
2,609,200
Net
Div.
Earnings, p.c.
$800,582
1,030,172
7
7
006,112
1,151,780
7
7
1,275,488
7
-(V. 28, p. 41, 300.)
Cleveland Tuscarawas Val. rf Wheel.—Jan., 1883, owned from Black
River, O., to West Wheeling, O., 158 miles. Chartered as Lake Shore Ac
Tub. Val. in 1870 and opened in 1873. Hold under foreclosure Jan. 26,
187p, and reorganized under present title. Tlio new first mortgage is a
prior lien l>y consent of all the mortgage bondholders. Gross earnings
in 1870, $.174,525; in 1880, $506,390. Net earnings in 1870, $165,482;
in 1880, $214,303.
Interest liability, $207,610 per annum. Capital
stock, $1,107,950
(V. 30, o. 272, 297.)
1,500,000
1,000,000
Oct.
Oct.
1,
1,
April 1,
May 1,
1901
1898
1907
1892
July 1, 1921
June 1, 1898
Jan.
1, 1916
April 1, 1926
Aug. 1, 1892
April, 1908
N. Y., 57 Broadway.
do
do
do
do
N.Y.. St. Nicholas N.Bk.
N. Y , 57 Broadway.
do
do
do
do
do
do
N.
J.
A. N.Y., St.
do
A.
do
A.
Nicholas N. Bk.
-
do
do
1893 Ac ’95
Nov., 1904
Dec., 1905
Feb., 1884
Dec., 1883
1886 to’90
Nov., 1901
Feb., 1890
....
M. & S.
A. Ac O. N. Y., St. Nich. Nat. B’k
do
do
T. Ac J.
do
do
F. Ac A.
do
do
M. Ac B.
M. Ac N.-N. Y., Winslow, L. Ac Co.
5 g.
7
CO
&
Ac
Ac
Ac
A:
1, 1881
Jan., 1892
Nov. 1, 1900
Jan. 1, 1913
....
•
....
111
111
118
118
83
Earnings.
Various
M.
T.
F.
F.
F.
Dec.
..........
7
7
7
7
7
7
7
7
-
Y., Farm. L. Ac T. Co.
....
7
1,000
from Marietta, O., to
Ac
Ac
Ac
Ac
Ac
Ac
Ac
7
1881
(V. 30,
Ac
N.
do
do
J.
do
do
N.
do
do
J.
O.
Cleveland, Ohio.
O.
J.
N.
J. N. Y., Central Trust Co.
Phila.. Co.’s Oflice.
D.
D. Boston, Treas.’s Oflice.
New York.
J.
do
O.
A. Ac O.
Various
J. Ac J.
7
7
*
&
Ac
&
Ac
....
•
314
Isaac Morton, President,
Passenger
Mileage.
19,814,913
15,640,607
14,853,524
16,624,524
18,033,711
1 f500.0o0
10,217,000
1 00
314
bilities. Tho terms of the loase were 10 per cent, but the old stock was
subsequently converted into 7 per cent by an increase in amount.
Operations and earnings for live years past were as follows :
Years.
•
57,5 45
Cambridge, O. (V. 31, p. 91.)
Cleveland rf* Pittsb.—Dec. 31,1880, owued from Cleveland, 0.,to Roch¬
ester, O., 124 miles; branches—Bayard, O., to New Philadelphia, 33
miles; Yellow Creek to BeLlairo, 43 miles; leased, Rochester to Pittsburg
(P. Ft. W. Ai U.), 26 miles; total operated, 226 miles. The property was
leased for 999 years from Dec. 1, 1871, to Perm. RR. Co., and lease trails:
forred to Penn. Co. May 1, 1872. Rental, 7 per cent ou existing capital
and $10,000 per year for company expenses, the lessees assuming all lia¬
13,1877.
•
8,995,000
Ganal Dover and branch. 09 miles.
This company was organized as
*raeeecsorof tho Marietta Cleveland Ac Pittsburg, which was foreclosed
Jane
7 g.
6 g.
0
7
113,000
afterward.
Marietta— June 30.1881, oporated
6
221,000
2,632,000
715,000
510,500
perpetuity from
Cleveland
g-
p. in.
600,000
1,000
1,000
It was leased to Atlautic & Great Western in
Ootober l, 1861. A now lease was made to the reorganized company,
New York Pennsylvania Ac Ohio, till Oot. 1, 1062, at $657,180 per
year till January, 1885, and $412,000 per year
404; V. 32, p. 333.)
7
7
7
7
7’
10,000
1870
1851.
p.
7
180.000
1868
1870
1881
1381
J.
M.
J.
A.
A.
J.
M.
J.
J.
J.
J.
A.
6
1,372,000
1881
Q.—M.
1%
700.000
1872
Cleveland Youngstown <£ Pittsburg—let inort., gold
G<>lebrookdale—1st mortgage
Colorado Central— 1st mortgage, new
Columbia & Greenville—New inort.,g’ld,coup, or leg
do
$1,547,000
$....
Cleveland & Marietta—Stock
Dividend.
Whom.
7
7
Sept. 1, 1931
Oct. 1, 1897
Jan.
1,
Aug. 1,
Sent. 1,
May 1,
1892
1905
1900
1910
of Receivers of the C. C. & I. C. Ry.
lessees should maintain the road and
equpnent., operate it, and pay over to the lessors 30 per cent of the
gross earnings. Also, that the rental should always l>o equal to the inter¬
est on $15,000,000 first mortgage bonds of the C. C. & I. C. Ry. Co.,
and $821,000 of the second mortgage bonds of the Col. Ac Ind. RR. Co.
The lessees also ngreo to pay tiie interest as it accrues on these bonds.
Any net earnings remaining after the payment of this interest are to be
applied to the payment of interest on the second mortgage 7 per cent
bonds to the amount of $10,000,000 (or on the preferred stock into which
these last bonds may be converted), to pay to a sinking fund of one-lmlf
of one per cent ou the $15,821,000 referred to, and to apply any balance
to dividends on common stoelc In August, 1874, default was made on the
$5,000,000 seconds, and April 1, 1875, defaulted on first mortgage. In
the suit bet ween lessor and lessee, Judge Harlan decided the debt must be
reduced to tho limit—(See bondholders’ report, V. 29, p. 656.) Pursuant
to this decision, tho debt was substantially reduced as required, and the
final decision of Justice Harlan in Jan., 1880, ruled, in substance, that
the Col. Cliic. Ac Ind Cent. Co. had performed its covenant of the lease in
educing the bonded indebtedness of the road; that the Penn. Company
(guarantor of the lease) was entitled to $1,258,000 of convertible income
bonds for the same amount of socond mortgage bonds of the Col. Chic. Ac
Ind. Cent. Co., together with $572,390 accrued interest; that on the 1st
of Jan., 1880, there was due and unpaid, as rent, by the lessees, $3,356,855; but they are entitled to a total deduction of $587,281. leaving the
net amount due to tho C C. & I. C. $2,760,574, save as of tenants accepted,
and the trustees are entitled to receive 6 per cent interest thereon from
Jan. 1, 1880, till paid, but none before that date; that the lessees shall be
bound under the lease to pay to the trustees and their successors, so long
as their receivership shall last, as rental for the premises of tho C. C. Ac
I. C., 30 pci* cent of tho gross earnings of the road, and in case they fall
short of $1,107,470 (7 per cent interest on $15,821,000 of bonded indebt¬
edness) in any one year, then tho deficiency shall be made good by the
lessee. That the lessee was entitled to receive from tho C. C. Sr. I. C.,
on its claim for betterments, income bonds to the .amount of $669,000.
From this decision the Pennsylvania RR. appealed to ilie U. 8. Supreme
Court. In Jan., 1881, a compromise was pending by which the Penn.
Company issued new bonds to buy up the C. C. &I. C. bonds. (See V. 32,
p. 122.) There is alsosm record a judgment for $032,500 on $298,000
Newcastle Ac Richm. RR., 1st inert, bonds, with interest, ahead of the
U. S. Circuit Court, for account
Co. The lease stipulated that the
Pittsburg.—Narrow gauge road in progress consolidated mortgage.
In the Chkon'iclk of July 30, on page 121, was given an account of cer¬
miles, including branches,
In Dae., 1881, over 25 miles tain proceedings of tho bondholders of this company. The permanent
committee appointed at the bondholders’meetkig called upon Messrs.
wore completed. Henry W. Ford, President, 5 Cortlaadt St., New York.
Iseliu, Whitowriglit and Wilson to turn over to it tho bondholders’ assets.
Oolcbroolcejlale.—Nov. 30. 1880. owned from Pottstown, Pa., to Barto Messrs. Julius Wadsworth, Henry Morgan, George Smith and Peter
Pa., 13 miles. Chartered in 1865 and opened in 1860. Leased for 20 years Geddes, bondholders, then began a suit in the Supreme Court to restrain
from Jan. 1, 1870, to Phila. Ac Read , at 30 per cent of gross earnings. In the new7 committee from acting in any way as the representatives of the
June, 1880, dofault was makleon bonds. Gross earnings in 1870, $30,544; bondholders, and to restrain all other parties from recognizing them as
net earnings (30 per cent rental), $0,163. Payments—interest, $36,000, such. A temporary injunction in the case was obtained from Judge
and other, $305. Capital stock, $207,215; funded debt, $600,000, and Donohue oil August 17. Argument upon a motion to continue tho
floating debt, $54,432; total liabilities, $920,087. Construction ($52,116
per mile), $667,774, and profit and loss, $288,784.
(V. 30, p. 580.)
Cleveland Youngstown d)
from Alliance, O., to Brinitleld, about 100
and crossing soveral narrow gauge roads.
Columbia d: Greenville (S. C.)—This is the reorganization
ville & Columbia road. Tho Company owns from ('olumbia
of the Green¬
to Greenville.
total, 164
S. C., 143 miles; braneheeto Abbeville and Anderson, 21 miles;
miles. Also owns Laurens RR., 31 miles; and leases Blue Ridge RR.,
32 miles, and Spartanburg Union Ac Col. RR., 68 miles. Total
296 miles. In 1878 a Receiver took possession and the road w;ks sold in
foreclosure April 15, 1880, and again in August, 1880, and
tion was made, with bonds as above; and preferred stock, $1,000.000;
operated,
reorganiza¬
common
stock, $1,000,000; all in $100 shares.
October 23, 1^80, to October 1, 1881, wero
Six per cent paid on pref. stock, Dec., 1881.
588; V. 33, p. 201, 468, 687.)
The gross earnings from
$615,020; net, $263,194.
(V. 31, p. 68, 01, 250, 453,
Colorado Central.- Dec. 31,1880, owned from Cheyenne,Wy., to Denver
(standard gauge), 133 miles; and Golden to Central City, 40 miles; and
Torka Creek to Georgetown, 25 miles; total 3-foot gauge, 65 miles; total
operated, 108 miles. Chartered in 1865, and main line opened in 1870.
It is owned by the Union Pacific. The new mortgage bond was issued
to take up f lic old 8 per cent bonds. Stock, $3,0/1,000. (V. 28, p. 260;
V. 30, p. 168.)
bondholders; that Messrs. Scott
the Pennsylvania Railroad Com¬
pany to tho prejudice of tho bondholders; and that they proposed to
make a compromise with that company, although the powor of a bond¬
holders’ committee to make such a compromise expired when the court
determined the liability of the Pennsylvania Railroad Company as
guarantor. At the close of the argument Mr. Stetson withdrew the
application for an injunction upon the understanding that liis clients
should receive five full days’ notice of any meeting called to ratify any
agreement made by the committee wTith the Pennsylvania Railroad
Company, and they might then, if they choose, renew the application.
It was also understood, but not definitely agreed, that, the committee
should give Mr. Stetson s clients information respecting the terms ot the
agreement in advance of the meeting. Operations and earnings for nve
years past were as follows :
Passenger
Freight (ton)
Gross
Net
Mileage.
Mileage.
Earnings. Earnings.
Miles
Years.
37,-754,467
274,053,224 $3,457,716 $506,608
1876
581
254,402,612
31,705.207
3,396,255
4oo,340
1»77
581
notice not having been given to all the
and Osborn were intent upon assisting
411,514
3,433,665
3,011,261
7o6^00
441,353,010
4,705,771
581
720,260
Columbia & Poi't Deposit.—Dec. 31,18S0. owned from Columbia, Pa., to
Port Deposit, Md., 39 miles. Lciksed to and operated by Pennsylvania
(V. 30. p. 16,163,289, 383, 5*18: V*. 31, p.535; V.32,p. 122.155, 231,
RR. Co. Rental, net"earnings. Net earnings in 1880, paid to lessors,
144, 498, 636; V. 33, p. 46, 124, 357, 641, 715.)
Capital stock, $198,827; funded debt, $1,882,000,and floating
debt, $452,830; total liabilities, $2,833,657. Cost of property, $1,722,117.
1878
1870
1880
581
580
32,132,185
33.067,484
41,432,531
305,010,182
402,856,462
$20,675.
1381, road from Walbranches to NelsonviHe, Caroou,
and Pomeroy, 83 miles; total 31+
to Indianapolis, Ind., 187 miles; branches—Bradford Junction, O., to
miles. This was a consolidation in July, 1881, of the Columbus Ac “oc£"
Chicago. IlL, 231 miles; Richmond, Ind., to Anoka Junction, Ind., 102
ng Valley, Columbus Ac Toledo, and Ohio & West Virginia. The HtocKS
miles; Peoria Junction, Ind., to Ill. State Line, 60 miles; total operated.
of those companies were purchased and new consolidated stock toi
580 miles. This company was formed Feb. 12,1868, by consolidation of
the Col. & Ind. Con. and Cliio. & Gt. East railroad companies, and was $20,000,000 made, of wdiich the above was issued. Of the eonsoliaateu
leased to the Pittsburg Cin. & 8t. Louis Railway Co. February 1, 1869, mortgage $6,500,000 is reserved to meet the prior iiens. The Centra*
Trust Co. of New York is trustee. See V. 33, p. 46, 10o, 225, 2o 1,303.
by whom It was operated during the last two years, under direction of the
Columbus Ch ic. <£• 2nd. Cent.—Dec. 31,1SS0,
owned from Columbus, O.,
Columbus Hocking
Valley <6 Toledo.-July 1,
bridge, O., to Athens, O.. 194 miles;
&c., 37 miles; Logan to Gallipolis
RAILROAD
1881. J
December,
Subscribers will confer a great favor
explanation of column headings, Ac., see notes
on
first page
of tables.
Columbus Spmngfietd £ Cincinnati—1st mort
Columbus £ Xenia—Stock
..,
1st mortgage
118877--990.
30.
.
Concord—Stock
Concord £ Claremont—DonCL*
Concord & Portsmouth— Stock, guaranteed
Connecticut Central— lstm. for $100,000, cp. orreg.
Connecticut £ Passumpsic—Stock
New mortgage (for $1,500,000)
Mastawippi st’le, guar, same div. as Conn. A Pass.
do
bonds, guar, by Conn. & Pass
Newport A Richford bonds
Connecticut Pirer—Stock
Connecting (Phila. I—1st mortgage
Connotton Valtci/- Consolidated gold mortgago
Connotton Valle}/ £ Strailsville—lut mortgage
Corning Cowancsque £ Antrim — 1st mortgage
Cumberland £ Pennsylvania—1st mortgage
2d mortgage, sinking fund, (guaranteed)
Cumberland Valley—Stock ($181,000 preferred)
.
1st mortgage
2d mortgage,
•
sinking fund guaranteed
Common bonds
Danbury £ Novicalk—Stock
1st and 2d mortgages
Consolidated mortgage
Danv.tJlney£ O.Piv.—lstM.(for$-30,00{)) cp.or reg
Dayion £ Michigan—Com. stock (S^guar. C.II.AD.)
Preferred stock, (8 percent, guar. C. H. AD.)
2d mortgage
3d mortgage
I
by giving Immediate notice of any error discovered In these Tables*
Date Size, or
Miles
of
Par
of
Road. Bonds Value.
45
55
55
141
71
Dayton £ Union—1st mortgage
Income mortgage bonds
$1,000
50
....
1874
50
500 Ac,
100
29
140
1875
500 Ac.
110
38
1873
100
100 Ac.
100
38
22
50
7
1870
1881
41
i.36
04
38
38
110
52
52
33
33
1801
1881
1881
2,100,000
50
500 Ac.
500 Ac.
100 Ac.
50
’70-’72 100 Ac.
1880
1880
500 Ac.
50
50
1871
1807
1,000
1809
1,000
1881
1,000
1879
1,000
1879
1,000
..
100
142
142
142
142
1881, owned frem Col¬
Springfield, O., 44 miles. Opened in 1872. Ceased to Cin¬
cinnati Sandusky & Cleveland for 40 per cent of gross earnings up to
$120,000. and 50 per cent of all above that amount. Rental for year
ending June 30, 1880, $45,599. In 1880 the balance sheet showed
capital stock, $1,000,000, and bonds, $1,000,000. (V. 31, p. 405.)
Columbus £ Xenia— Dec. 31,1S80, owned from Columbus, O., to Xenia,
0., 55 miles. Is operated as a division of the Little Miami, and is leased
years in connection with that road to the Pittsburg Cincinnati A
Louis, which pays 8 per cent on stock and provides for the bonds.
for 99
The lease is guaranteed by the Pennsylvania Railroad Company.
Columbus & Xenia pays 825 per cent dividend per annum.
The
Concord, N.H., to Nashua, N.H.,
19 miles; Hookset Branch. 7
miles; leased—Concord & Portsmouth, 41 miles; Suuoook Valley, 29
miles; Nashua Acton & Boston, 20 miles; total operated, 112 miles.
Operations, earnings, and income over rentals, &c.t for four years past
Concord.— March 31,1881. owned from
35 miles; Manchester & North Wearc,
follows:
Years.
Gross
Di
Net
Earnings. Earnings, p.
142
10,850,140 21,031,609
$771,171 $310,454
1
142
10,580,508
21,000,056
733,001
318,847
1
142
29,000,834
340,732
1
11,081,30)
870,088
142
302,003
1
13,118,217 30,295,331
955,000
599; V. 32, p. 610; V. 33, p. 225, 254, 357.)
Miles.
-
1377-S
..
...
-(V. 30, p.
Passenger
Mileage.
Freight (ton)
Mileage.
Concord £ Claremont.—March 31, 1881, owned from Concord to Clare¬
mont, N. II., 50 miles; branch, Contoocookville to Hillsborough, N. H..
15 miles; total operated, 71 miles. Consolidation of several small roads
ill 1873. Gross earnings in 1880-81, $140,570, and operating expendi¬
net earnings, $18,770.
bonds, $500,000; total stock and bonds,
tures, $91,794;
property, $1,850,000.
Capital stock. $110,900, and
$910,000. Original cost of
Floating debt, $254,245.
Concord £ Portsmouth.—March 31,1878, owned from Portsmouth, N.
II., to Manchester, N. II., 401c miles. The road was sold to first mort¬
gage bondholders in 1857, and leased to Concord RR. in 1858. Lease
rental is $25,000 a-year, which gives 7 per cent a year to present stock¬
holders. There is no debt.
Connecticut Central— Sept. 30, 1881,
to Mass. State Line, 20
owned from East Tlnrtford, Ct.
miles; branch from Melrose to West Street, Ct., 7
miles; leased, Springfield & New London. Springfield to State lane, 8
miles; total operated, 35 miles. Leased to New York & New EnglandRR.
from June 1, 1880. Capital stock, $448,500; funded debt, $325,000 (all
owned by New York A New England Railroad); and bills, overdue cou¬
pons, Ac., $29,019. (V. 30, p. 110, 357, 544.)
Connecticut £
Passumpsic—June 30,1831, owned from WhiteRiver
Junction, Vt., to Canada Line, 110 miles; leased, Massawippi Valley
and branch (Canada), 37 miles; total operated, 147 miles. Chartered
in 1835. Completed in 1803. The lease of MaeRawippi Railroad is at
6 per cent on bonds and same dividends as are paid on the stock of the
lessee. Abstract of last report in V. 33, p. 327. The new mortgage of
$1,500,000 retired previous issues. Operations and earnings for four
years past were as follows:
Net
Gross
Passenger Freight (ton)
Years.
-<V. 29,
Earnings. Earnings.
Mileage.
Mileage.
$558,612 $222,590
8,179,341
4,401,983
544,142
219,095
8,574,443
4,400,575
226,139
657,547
13,070,452
0,174,878
774,140
311,165
10,720,062
6,117,700
299, 301; V.,31, p. 303 ; V. 33, p. 327.)
Miles.
...
..
p.
147
147
147
147
Connecticut Diver.—Sept. 30, 1880, owned from Springfield, Maas., to
South Vernon, Vt., 50 miles; branches, 0 miles; leased Ashuelot RR.,
8. Vernon, Vt., to Keene, N. II., 24 miles; total operated. 80 miles.
Net income 1879-30, $232,121. Aslmelot RR. receives about $16,000
Pays 8 per cent dividends on stock and has paid off all the funded debt.
-(V. 29, p. 510; V. 31,p. 651; V. 33, p. 502, 561.)
Connecting (Philadelphia).—Doc. 31, 1880, owned from Mantua Junc¬
liatmkMHrf
tion to Frankford Junction, Pa., 7 miles. A connecting link in Phils,
delpliia to the West and South. Operated by Pennsylvania Railroad
Rental, 0 per cent on capital stock, $1,278,300; and funded debt, $991,000. The bonds are issued in scries A B C and D, maturing respectively
hi 19Q0-’l, ’2, ’3 and ’4.
Connotton Valley— This road is in progress from Bowerston to Clevo.
and, Ohio, and when completed it will be 118 miles long, narrow gauge,
nave $2,000,000 seven per ct. bonds ($22,000 per mile), and $3,000,000
of stock—00.000 shares of the par value of $50 each.
Of this mort¬
gage. $002,000 were reserved to pay a prior mortgage of the Connotton
A
alley RR., and $1,125,000 to pay a prior mortgage of the Connotton
Northern RR. Tlie company was operating in January, 1831, 41 miles
<*t' the road.
2!5
31-2
7
3
7
0
0 g.
5
4
0
7 g-
991,000
2,000,000
2,700,000
500,000
803,500
594,000
1,777,850
101,000
109,500
81,800
000,000
400,000
100,000
830,000
2,402,573
1,211,250
1,000
....
Payable
7
5
7
100
1,000
1,000
1,000
1,000
Ceut.
i
302,000
1,500,000
500,000
350,000
825,000
2,241,400
1.500,000
400,000
1,000
....
When
7
400,000
350,000
1800
1808
Rate per
$1,000,000
1,780,200
1,000
umbus, O., to
were as
Outstanding
1,000
....
Columbus Springfield £ Cincinnati.—June 30,
1871
Amount
1800
112
32
Consol, mortgage, guar, by C. II. & D
St.
xxvfi
BONDS
AND
Ituniis—1' liiioi-
INTEREST OR DIVIDENDS.
DESCRIPTION.
for
STOCKS
.
7
7 g.
0
0
2*2
8
8
0
'
Hi
7
0
7
1%
2
420,000
351,000
7
7
1,898 000
225,000
220,000
5
7
G
M. A
Where
pal.When Due.
Slocks— Last
Dividend.
Payable, and by
Whom.
N. Y„ Union Trust Co.
Columbus Treasury.
8. N. Y., Am. Exch. N. B’k
N. Bost.AMauehester.N.II,
J. Boat., Trejisurer’s oHioe
J. Bost.AManehcstcr.N.H.
New York City.
O.
A.
Boston, Office.
do
O.
do
A.
do
J.
do
J.
J. Boston. Boat.A Alb.RR.
8. Phila., Penn. RR. Office.
N.
Boatou, Agency.
N.
Boston, Agency.
Sept. 1, 1901
S.
Dec. 10,1881
Q.-M.
M.
M.
J.
J.
A.
F.
A.
F.
J.
J.
J.
M.
M.
M.
A
A,
A
A
A
A
A
A
A
A
A
A
A
A
....
M. A 8. New York, Co.’s Office.
do
do
M. A N.
Q.-J. Phila. and Carlisle, Pa.
A. A O. Phila., T. A. Biddle A Co
do
do
A. A O.
do
do
A. A O.
Quar. New York and Danbury
J. A J. N. Y.. Nat. City Bank.
do
do
J. A J.
J. A J. N. Y., Farm. L. A Tr. Co.
A. A O. Cincinnati. C. II. A D.Co.
Q.-J. N. Y., Winslow, L. A Co.
do
do
M. A S.
do
do
A. A O.
do
do '
J. A J.
J. A D .N.Y., Am.Exch.Nat.Bk.
J. A D.
Sept.
Nov.
.
1, 1890
1. 1881
1891
Jan. £1,
Oct. 1,
1882
1895
Aug. 1, 1881
April 1, 1893
Feb. 1. 1881
Jan. 1, 1890
Jan. 1, 1911
Jan. 2. 1882
1900-’l-’2-'3-’4
Nov., 1910
May 1, 1911
July 1, 1885
March 1,1891
May 1, 1888
Oot., 1881
April 1, 1904
April 1, 1908
Jan. 1, 1884
Sept. 1, 1881
1020. *90. '92
1920
Jan. 1, 1910
Ian. 1. 1882
Jan. 4, 1882
Sent., 1884
Oct., 1888
Jan. 1. 1911
Dec. 1, 1909
After 1910
Connotton Valley £ Strailsvil'e.—The prospectus issued in May, 1881,
stated: “ For the purpose of extending the Connotton Valley Railway,
this company has
purchased the Connotton
&
This railroad extends from Canton, Ohio, where it is connected with
Cleveland by tho Connotton Valley Railway Company, of which it la a
Valley
Straitsville RR.
branch, through Coshocton and Zanesville to tho coal fields of New
Straitsville, and through the nocking Valley to Athens—the whole
tance from Canton to Athens being 136 miles. The Connotton
the nearest, coal field to Cleveland, and its rapid development,
dis¬
Valley is
which is
already sufficient to supply Cleveland with 1,500 tons a day, on tho
opening of tho railway will supply an enormous and most remarkable
freight over that part of the line. Through arrangements already
made,.capital to the amount of $2,000,000 is being directed to the de¬
velopment of mines in these different districts in the interest of this
railroad, and tho development will bo such as to supply the road
with at least 3,000 tons a days, as soon os the company is in posi¬
tion to carry that amount. For tho purpose of completing this road,
furnishing sidings, freights lfbusos and ample equipment, it is proposed
to issue $2,720,000 first mortgage 7 per cent 30-year bonds, prtnoipaL
and interest payable in Boston. Coupons May and November 1. For
each oash subscription of $050, the subscriber will receive $1,000 first
mortgage bond and two shares Connotton Valley Railway stock.”
Coming Cowancsque £ Antrim.—Dec. 31,1880, owned from Corning,
N. Y., to Antrim, Pa., 53 miles; branch, Lawrencevillo to Elkland. P».,
11 miles; total operated, 04 miles. Consolidation (Jan., 1873) of the
Blosshurg & Corning RR. and the Wellsboro RR. June 1, 1874, tho
Cowanesquo Valley RR. was absorbed. These lines are leased to and
operated by the Fall Brook Coal Co. Rental paid—7 per cent on bonds,
$35,000; 0 per cent on common stock, $34,000, and 7 per cent on pre¬
ferred stock, $35,000; total rental, $110,000 a year.
Stock—common,
$1,400,000, and preferred, $500,000; and 7 per cent bonds, $375,000.
Annual drawings of $20,000 commenced in 1880.
Cumberland £ Pennsylvania.—Dec. 31,1880, owned from Cumberland,
M(l., to Piedmont, Md., and several branches, 55 miles; almost all strel
rail. It is owned and operated by Consolidation Coal Company, which
guarantees second mortgago.
Cumberland Valley — Dec. 31, 1880, owned from Harrisburg, Pa., to
Potomac River, Md., 82 miles; leased—Martinsburg
12 miles; Dillsbnrg A Mcchanicsburg
A Potomac Railroad,
Railroad, 8 miles; Southern
Pennsylvania Railroad, 23 miles; total operated, 125 miles. Char¬
tered in 1831. Main lino, Harrisburg to Chambersburg, completed in
1830, and oxtended to the River in 1872. Owns or leases several faotory
roads, in all about 43 miles. The stock is owned in largo part by Penn¬
sylvania Railroad Company. Last annual report V. 30, p. 207. Largo
advances have been made to branch roads. Operations and earnings for
live years
Years.
past were as follows :
Passenger Freight (ton) Gross
Net
Miles.
Mileage. Mileage. Earnings. Earn’gs.
121
12:
125
125
125
1875-6
1870-7
1878
1879
Div.p.c.—s
Prof. Com.
10
503,597 204,900 10
536,945 230,199 10
10
-(V. 28, p. 427 ; V. 30, p. 297 ; V. 32, p. 3 11.)
Danbury £ Norwalk.—Sept. 30,1831, owned from Danbury, Conn., to
South Norwalk, Conn., 24 miles; branches to Ridgefield and Hawley vilie, together 10 miles; total operated, 31 miles. Opened in 1852.
Dividends have been irregular. Operations and earnings for five yearn
1880
5,205,292 12,485,385
past were as follows:
Net
Dkr.
Gross
Passenger Freight (ton)
Earnings. p.c.
Miles.
Earnings.
Year.?.
Mileage.
Mileage.
3
$43,371
$165,245
34
903,384
1876-7..
2,404,378
39,667
157,953
34
932,634
1877-8..
2,557,337
2
35,318
104,236
1878-9..
34
2,481,*80 1,089,900
00,079
184,407
34
1379-WO
3,301,200 1,308,897
5
195,163
88,341
34
1830-81
3.008,823 1,228,828
-(V. 30, p. 507; V. 31, p. 509 ; V. 33, p. 559.)
Danville Olncy & Ohio River.—This road is in progross from Danville,
Ill., south to Oliiey and Noble, 10 miles. Bonds offered in 1381 by R.
M. Raven & Co., at par, with $500 stock given with each $1,000 bond.
(V. 33, p. 124).
Dayton £ Michigan.—March 31, 1881, owned from Dayton, O., to
Toledo, O., 141 miles.
Opened in 1802. Leased in perpetuity to tho
Cincinnati Hamilton & Dayton. In March, 1881, voted to issue a 5 per
..
•
-
-
.
..
..
..
..
-
also $53,000 Toledo Depot bonds
stock $1,010,000 ouly is guar¬
anteed 3*2 by C. n. I). Loss in 1830-81, $13,078. The lessees hold
$1,308,100 of the ooimuon stock. (V. 20, p. 15 ; V, 32, p 312.)
Dayton £ Union.—June 30,1878, owned from Dodson, O., to Union City
ul., 32 miles; leased Dayton to Dodson, 15 miles; total operated, 4 7
miles. The Greenville & Miami RR. was sold out Oct. 30, 1872, and re¬
organized as now Jail. 9, 1803. Operated by trustees since Deo., 1871.
Capital stock, $80,300; funded debt, $187,445, and other liabilities,
$52,390; total, $020,135. Property account, $020,224. (V. 32, p. 69.) ,
ceut consol mortgago bond.
There are
due I8sl and 1894. Of tho common
RAILROAD
xx via
Sabvcrlben will
eo lifer a
STOCKS
Far explanation of column headings, Ac., see notes
on first page of tables.
41
100
85
Delaware—Stock
Mortgage bonds, convertible, guar. P. W. A B
Delaware A Bound Bi'ook—Stook, guaranteed
1865
Amount
Outstanding
$1,000
1875
1,000
7781
27
Dpsawort Lackawanna A Western—Stock
Consol, iuort., on roads A equipm’t,($l 0,000,000).
Bonds (convertible June 1, 1875 to ’77)
Lackawanna & Bloomsb., 1st mort. (extension)..
Denver Longmont A Worthwestem— 1st rnort., gold .
Denver A Hio <H'ande—Stock ($30,000,000 author’d)
193
288
1st mort., gold, sinking fund
1st consol, mortgage ($15,000 per mile)
Denv A R.Gr.
—1st, g. ($16,000 p. m ),cp.orreg.
29 4
1187243. 875906.
....
60
....
1,493
All
21*2
208
88
26
183
189
extension
Del. *rr. Haven A Mil— 1st M., guar., (for $2,000,000)
Consolidated mortgage, guar
Dollar (Oak. & Otta. RR.) bonds, Oct, 1,1853
let mort. (Detroit A Pontiac RR.), April 1, 1851.
8d mortgage (Detroit & Pontiac RR.), Feb. 1854.
2d mortgage, (Detroit & Pontiac RR.), Jan. 1853.
Detroit HiPsdale A S. IV.—Stock
Detroit Lansing A North.—Stock, common
.
....
....
65
Preferred stock
let mortgage
Lansing, 1st mort., coup., may be reg
Dubuque A Sioux City—8tock
1st mortgage, 1st division
1st mortgage, 2d division (for
....
1875
....
1877
1872
1859
....
1,000
$1,400,000)
....
1870
1880
1881
1,000
10,000,<M)0
3.500.000
1876
1880
1,000
1881
1874
1881
1878
1878
1853
1851
1854
1,000
i,oo©
900,000
2,200,000
260,000
2,000,000
200 Ac.
500 Ac.
3,200,000
44,000
1,000
1,000
....
....
182
59
143
100
43
1877
100
100
500 Ac.
1869
1.000
770.000
5,000,000
1863
100
500
•
•
•
answerable for all obli¬
Delaware—Oct. 31,1880, owned from Delaware Junction (P. W. A B.),
DeL, to Delmar (Md. Line), 84 miles; branches, 16 miles; total operated,
400 miles, loss one branch (6 mile*) operated by the Dorchester & Dela¬
ware Railroad.
The Delaware Railroad was opened 1855-1860, and is
leased to the P. W. & B. Co.; rental 30 per cent of gross earnings, but
stock most have six per cent. Gross earnings in 1878-9, $448,362; net,
8}34^50S; in 1879-*'0 gross, $126,265: net, $127,879. Dividends and
fiterest paid in 1879-80, $129,773. (V. 28, p. 69.)
Delaware A Bound Brook.—December 31, 1890, owned from Bonnd
Brook (C. of N. J.) to Delaware River, 27 miles; branch, main line to
Trenton. 4 miles; total operated. 31 miles. In connection with Central
line between New
a
York and Philadelphia. In May, 1879, the property was leased for
990 years to the Philadelphia & Reading Railroad Company—the lessee
paying interest and 6 per cent on stock in 1879-81, 7 per cent.in 1881-83,
and 8 per oent afterward. The terms were described as follows at the
time: “The lease is for 990 years, being made for this term because the
Round Brook’s charter is for 999 years, and a few years of its existence
have already passed. The conditions are that the Reading is to pay all
interest on the bonds of both the main roads and the laterals, and the
interest on the floating indebtedness at 6 per cent until the bonds are
converted. The Reading also binds itself to pay dividends on the stock
of both roads quarterly, on the 1st of February, May, August and No¬
vember. For the first two years it is bound to pay 6 per cent dividends;
for the next two .years following, 7 per cent, and for all subsequent
years 8 per cent, free of nil taxes. Gross earnings in 1880. $568,789;
MBt, $265,743. (V. 28, p. 451, 503; V. 30, p. 566 ; V. 32, p. 611.)
Delaware Lackawanna A WesternDec. 31,1880, owned from Dela¬
River (N. J. line) to New York State line, 115 miles; branches —
Berantonto.Northumberland, 80 miles; Greenville to Wintou, Pa., 8
mites; Junction to Keyser Valley, Pa., 5 miles; leased lines in New
ware
York—Cayuga A Susquehanna Railroad, 35 miles; Green Railroad,
8 miles;
lee; Oswego
& Syracuse Railroad, 35 mileR; Utica Chenango A
oswt
inehanna ralley Railroad, 98 miles; Valley Railroad, 11 miles;
and operated—Syracuse Binghamton & New York, 81 miles;
3m©
& Clinton Railroad, 13 miles; Utica Clinton & Binghamton, 31
miles; leased lines in New Jersey—Chester Railroad, 30 miles; Morris
A Essex, 118 miles; Newark & Bloomfield, 4 miles; Warren Railroad,
19 miles; total operated, 670 miles. For the terms of leases, see remarks
vnder the names of the respective leased roads.
The Lackawanna &
isburg was consolidated with this company June 19,1873. The
lowing is a synopsis of the annual statement of the company for 1830:
earnings from all sources
$21,656,604
expenses
15,753,133
Balance net earnings
Deduct interest on bonds and rentals of leased roads
$5,903,471
3,627,381
Actual profit for the year ending Dec. 31,1880
$2,276,039
The following shows the gross and net earnings of the company proper,
Including the aggregate coal sales, for twelve
Gross
Net
years:
Gross
Net
Earnings. Years.
Earnings.
Earnings.
9.. 14,924,010
1,759,595
$27,014,846
$7,162,183
1869-70. 20,011,300
2,164,019
17,447,916
4,001,861
17,086,100
1,118,911
14,871,311
2,479,197
21,660,013
1,295,488
14,454,405
3,618,129
25,334,989
5,331,310
20,226,708
3,810,451
22,741,521
5,743,750
21,656,604
5,903,471
The mortgage for $10,000,000 authorized will take up j)rior bonds to tbe
amount of $2,820,000 as they mature, and the balance was for cash re¬
sources as required.
(V. 30, p. 108, 408, 216, 229, 304; V. 32, p. 230;
Y. 33, p. 73, 716.)
igs.
Denver Longmont A Northwestern—This road is in progress from
Denver to Longmont in northern Colorado.
Bonds ($100,000) offered
In Boston March, 1831, at 90, carrying bonus of 5 shares of stock with
each $1,000 bond. Frederick O. Prince, Boston, Pres. (V. 33, p. 20.)
»
Denver A Rio Grande (3 ft.)—Dec. 31,1880, owned from Denver City,
Col., to Alamosa, Col., 251 niles; branches—Pueblo, Col., to Canon City
and Coal Mines, 44 miles; Cuchara, Col., to El More, Col.. 45 miles; total
to Jan. 1; 1881, 340 miles. In Julv, 1881, the total mileage completed
was
H30, and 400
the Atch.
more were under
construction.
The trouble between
Top. & S. Fe line and this company was finally settled by
agree¬
ment, and a judicial decree entered fixing it for ten years, (see V. 30, p.
143), viz.: “The Denver & Rio Grande is to stop the construction
of its Pueblo & St. Louis line east from Pueblo.
into New Mexico is to be built only to a point half
Its
way
extension
between
Conqjos and Santa Fe. The Atchison Topeka A Santa Fe Company
g.
g.
6-
1*3
2*2
3>fl
296JXX)
586,000
500 Ac.
1864
g.
6
5-6
7
7
8
7
7
8
3
7
7
Where Payable, and by
Whom.
Q.~ F.
Philadelphia.
O.
New York A London.
O.
do
do
N.
New York.
do
O.
A. N.Y.,Canad’n B. of Com.
,T. New York, 50 Wall St.
J. N. Y., Winslow, L. A Co.
Boston.
A.
do
J. Boston, 2d Nat. Bank.
do
do
J.
O. N.Y.,M.K.Jesup,P.A Co.
J. N.Y.,C M. ASt.P.,Office.
....
A. A
J. A
J. A J.
1, 1905
Jau, 2, 1882
July 1, I895
16,1881
May, 1905
New York, Office.
S.
do
do
D.
do
do
8.
do
do
O. New York and Boston
Q--J. N. Y., Company’s Office
M. A N.
do
do
do
do
J. A J.
M. A 8.
N. Y., Co.’s Agency.
New York.
M, A N. N.Y., London A Frankf’t
J. A J.
N. Y.. Co.'s Ageucy.
J. A J.
New York.
J. A J. N. Y., Morton, B. ACo.
J. A
Jan.
Nov.
&
A
A
A
F. A
J. A
Stocks—Last
do
Q.—J.
A. A
A. A
M. A
A. A
F. A
J. A
J. A
nonas—Princi¬
pal, When Due,
Dividend.
J. A J. N. Y.t Am. Exch. N. B’k
J. A J.
Dover, Co.’s Oflloe.
J. A J. Phil., Fid’lity I.T.A.S.Co
M.
J.
M.
A.
1*3
1,350,000
1,825,600
2,503,380
2,443,000
....
•
The lessees
Jersey and North Pennsylvania forms
144,000
250,000
100,0(H)
....
gations.
of New
'
1,000
1,000
....
134
7
7
6
4
7
6
7
6
When
Payable
F. A A.
7
7
7
7
2,500,000
(?)
1.000
1853
1%
370.900
100
....
Louis.
ore
7
6
16,420,000
Miami,
and
1,500,000
500 Ac.
Leased in perpetuity from Jsm. 1,1865, to Little
and oarried with that road in the general lease to the P. 0. & St.
owners
3
6
100,000
24,160.000
6.382,500
Dayton A Western.—Deo. 31, 1880, owned from Dayton. O., to Rich¬
virtual
6 & 7
100 &o.
500 Ac.
100
500 Ac.
mond. Ind., 41 miles.
are
$495,000
152,000
26,200,000
3.067,000
600,000
50
•
1881
Denver South Park A Pad tie—-lock
l*t mortgage, gold, sinking fund
Consol, mort., gold ($17,000 per mile)
Denver West, d Pac.—1st M., gold ($30,000 per m.)
De* Moines A Fort Dodge—1st mortgage, coupon
Inula &
....
Rate per
Cent.
1,468,994
650,000
1,652,000
i
25
.
.
....
1st mortgage
Debenture bonds
*
[you xxxm.
INTEREST OR DIVIDENDS.
Miles
Date 6ize> OT
of
of
Par
Road. Bonds Value.
Dayton A Western—1st M., guar. L. M.andC. AX..
on
BONDS
creat flavor by glTlns Immediate notice of any error discovered in tbese Tables,
DESCRIPTION.
Mortgage
AND
do
1
Oct.
20, i.881
Sept. 1, 1907
June, 1892
March, 1885
April 1,1911
Jau. 14, 1882
Nov. 1,
Jan.
1900
1, 1910
Sept. 1, 1911
Aug. 15, 1880
May 1, 1905
Jan.
1,
f9*>l
1, 1911
Juno 1, 1905
Jan.
1918
191S
Jan. 1, 1882
Jan. 1, 1882
Feb. 15,1888
Jan. 1, 1882
Jan. 1, 1882
Aug. 10, 1880
Feb. 15,1881
Jan
1, 1907
do
July 1, 1889
Oct. 15, 1881
1883
1394
agrees not to build to Denver or Leadville, or to any other point
west of the Denver & Rio Grande Railroad.
The first comprehensive report was published in the Chronicle, V,
32, p. 550, giving a history of operations, the report for 1830, Ac.
The trust deed of the consolidated mortgage is to Louis H. Meyer and
John A. Stewart, of New York, as trustees. The deed is to secure and
on or
provide for an issue of bonds, the amouut afloat at one time not to
$30,000,000, of which $7,422,200 shall be used in retiring
prior issues, and the balance issued for tlio purpose of building and
completing the extensions to Leadville, New Mexico and San Juan
mines, and other poiuts—and the bonds are issued at $15,000 per mile.
Of the consol, mortgage $1,040,000 exchanged for Arkansas Division
bonds held by trustees of the Colorado Coal & Iron Co. The following
are the latest yearly earnings reported (1879 not given):
Average
Net
Gross
Years.
Miles.
Earnings.
Earnings.
293
$622,792
$357,160
308
1,096,517
473,081
1880
474
1.710,461
3,478,066
-(V. 30, p. 16. 118, 143. 248, 322. 493. 62 4; V. 31, p. 44, 94, 152,558
588, 652, 672; V. 32. p. 231, 500. 5 50. 686; V. 33, p. 46, 124, 201,303,
329, 519, 559, 622, 687, 709, 716.)
exceed
.
Denver A Rio Grande West. (narrow gauge)—Thin company’s
gage covers contemplated lines in Utah Territory estimated at
miles. The company is an offshoot of the Denver A Rio Grande.
Denver So.'Park A Pac. (3
mort¬
3,022
ft.)—Dec. 31,1880, owned from Denver, Col.,
Gunnison, Ac., 135 miles; extension to Hortcnse, 8 miles; branch Jto
Morrison from Bear Creek. 9 miles, and branches, 6 miles; extension to
to
Gunnison City, 54 mi’es; total, 212 miles. First mortgage bonds iasuod
at the rate of $12,000 per mile of finished road, and the sinking fund of
1*2 per cent annually on outstanding bonds, to be retired at par by lot,
begins in 18S6.
Sept. 20, 1880, new branches authorized, and voted to
increase the capital stock, and in Oct., 1880, the consol, mortgage was
made for $15,000,000, to be at $17,000 per mile on whole road, old and
new, less the amount of first mortgage on the old.
In December,
1880, Mr. Gould bought most of the stock, and passed it over to the
Union Pacific, (V. 30 p. 66, 624; V. 31, p. 45, 68, 152, 358, 429, 535,
558, 608; V. 32, p. 44, 444.)
Denver Western A Pacific.—Proposed road from Denver to Long¬
mont. Col.
From Denver 30 miles to be done by Aug. 1,1881. For
$3,060 in cash the company gives $3,000 in 1st mortgage bonds ana
$1,500 in stock.
John S. Crooks, President, Boston.
Dcs Moines A Ft.
Dodge.—June 30,1881, owned from Des Moines to Fort
Dodge. Iowa, 84 miles, with an extension building, 26 miles, to Rolfe,
Originally a division of the Des Moines A Valley RR., built in 1870 and
sold out in 1873. Gross earnings in 1880 were $324,725 ; not, $143,920.
Half of above bonds are incomes and depend on earnings for their inter¬
est, Capital stook is $1,843,120, of which $756,120 is preferred, (v.
32, p. 312, 434; V. 33, p. 23.)
Dei. Grand Haven A Hil.—Dec. 31,1880, owned from Detroit, Mich., to
Grand Haven, Mich., 189 miles. This is a reorganization of the Dotrolt
& Mil. which was sold in foreclosure Sept., 1878. A sufficient
of first mortgage bonds is reserved to retire O. AO. and Det. A P. bonds
on maturity.
The bonds are guaranteed by the Gt. Western of Canada.
The consol, bonds draw 5 per cent till April, 1884. and 6 afterward. The
stock is $1,500,000. Gross earnings in 1880, $1,220,076; net, $403,812.
—(V. 28, p. 120.)
amount
Det. Hillsdale A Smithw.—T)ee. 31.1830, owned from Ypsilanti, Micbto Banker's, Mich., 65 miles. The Det. H. A Ind. road was sold m fore^
closure December 28, 1874, and this company organized by the bond,
holders. In Aug, 1881, leased in perpetuity to the Lake Shore A MicnSouthern Co. for $10,500 per year (3 per cent) on stock for two years
and $34,000 per year (4 p. ct.) afterward. (V. 30, p. 222; V. 33, p.
225.)
Detroit
Lansing A Northern.—Dec. 31,1830, owned from
Grand Trunk
branches—Stanton
Junction to Bisr Rapids, Mich., 63 miles; Belding Branch, 1*3 Hines,
leased, Grand Trunk Junction to Detroit, 4 miles; total operated. 22o
miles. A consolidation, April 11, 1871, of the Detroit Howell &Lansmg,
Junction, Mich., to Ho win'd City, Mich., 157 miles;
the Ionia & Lansiner and the Ionia Stanton A Northern railroads,
!)he name of Detroit Lansing A Lake Michigan RR., which was sokim
foreclosure December 14, 1876, and new stock issued as above. Gross
earnings in 1878, $970,033: in 1879, $1,108,932: in
1880. $L203,1d1.
earnings in 1878, $372,198; in 1879, $449,145: in
-(V. 28, p. 326; V. 30, p. 168, 271; V. 32. p. 394.)
Net
1880, $464,l*o.
Dubuque A Sioux City.—Dec. 31,1880, owned from Dubuque,
^5TaVrP
Iow a Falls, 143 miles. Chartered as Dub. A Pac. iu 1856. Leased to in*
Cent, from Oct. 1.1867. for 20 years, the lessees agreeing to pay 35 per
cent of gross earnings for ten years and 36 per cent for next ten years*
with privilege to make the lease perpetual at the latter rate. Earning
1878, $925,228; net (after drawback to I. F. A S C.),
1879, $927,826.
$394,145. Gross
RAILROAD
1881. J
December,
,..
galMeribers will confer a great favor
*
oT-
DESCRIPTION.
ie.
Par
it
explanation of column headings, Ac., see notes
on
Dubuque <t Dak.—l*t M., gold, gu. (payable at 105)
Duluth <6 Winnipeg-1st mortgage, gold, land grant
2d mortgage, income
.
05
82
95
81
‘
Dunkirk Aliey 'h. Valley <t PiUsOurg— 1st rnort., gold
~
2d mortgage
>
31
)7
2
!5
U
3d mortgage
East Broad Top.—1st mortgage, registered
East Pennsylvania—Stock
1st mortgage
East Tennessee Virg>n>a # Georgia —Comrnon
Preferred stock (6 per cent)
Consol, mort.,
32
82
38
32
83
80
31
07
39
gt/ld"(for $22,000,000)
90
90
90
30
36
36
1870
1ST 0
1870
1873
1,000
1,000
100
100
1880
1881
1870
1,000
....
1,000
1,000
50-’56
1856
1,000
1851
1876
....
....
16
38
94
Equipment bonds
Elisabeth Oily # Norfolk- 1st mortgage, gold
Elizabethtown Lex.# Big Sandy—1st mortgage, gold
Elmira Jeff. # Oanandaiqua— Stock
Elmira# Williamsj>orl—Stock, oornmon
Preferred stock
1st mortgage bonds
Inco me bonds, 999 years to run
.
.
.
.
1860
....
....
75
122
47
77
77
77
....
1,000
1,000
100
50
50
....
....
1,000
1860
1863
convertible into eonsolid. mort—
convertible
Consolidated mortgage free of State tax.
1st mortgage,
2d mortgage,
81*2
81ia
1868
1,000
Dubuque & Dakota—Doc. 31,1880, owned from Sumner, la,, to Hamp¬
ton, la. 63 miles. Built on the old grading of tho Iowa Pao. Dubuque &
Sioux C. Co. guarantee the bonds issued for construction to the extent of
$16,000 per mile. Bonds may be paid off at any time at 105. Bonds as
abaye $10,000 per mile; preferred stock $10,000 and ordinary stock
(V. 30, p. 493; Y. 32, p. 69.)
Duluth & Winnipeg.—'Road, in progress from
Dulnth to Manitoba
boundary line. 280 miles. The lan t grant amounts to 1,800,000 acres,
which is subject to the first mortgage. The stock is $5,000,000. Wm.
W.
Spalding, President, Duluth.
Dunkirk Allegheny Valley <6 Pittsb.—Sept. 30.1880, owned from Dun¬
kirk, N. Y., to Titusville, Pa., 91 miles. A consolidation of the Dunkirk
War. A Pittsb. and Warren A Venango in 1872. Is owned by N. Y. Cent.
& Hudson River Co., but oooounts are kept separate. Gross earnings.
1878-9. $283,132; no net
earnings; deficiency, $20,109.
Gross earnings
in 1879-80, $261,947; deficiency, $17,217. Capital stock, $1,300,000;
funded debt, $3,200,000; advance by lessee, Ac., $21,016; profit and
loss, $103,458; total liabilities, $4,821,474. Nominal cost
$4,815,379.
of property,
(V. 30, p. 17.)
31,1880, owned from Mount Union, Pa.,
A coal road, opened in 1874. The stock is
In 1878 gross eam’gs were $90,898 and net earn’gs $38,122.
East Broad Top (Pa.)—Dee.
to Robertsdale, Pa., 30 miles.
$568,4c0.
1876-93'.0
1862
1865
Equipment bonder. .7
$5,000; total, $25,000 per mile.
495,900
500
50
100 Ac.
lOOAc
100
Erie# Pittsburg—Stock
Pennsylvania.—Nov. 30,1880, owned from Reading, Pa., to Allen¬
town, Pa.. 36 miles. It is leased for 999 years from May 19, 1869, to the
Phila. A Reading RR., at a rental of 6 per cent per annum on the stock
and interest on the bonds. G. A. Nicolls, President, Roading.
East
Virginia <£• Georgia.—Consolidation May, 1831. (V. 32
p. 552). Mileage as follows: Bristol, Tenu., to Chattanooga, Tenn., 242
miles; Morristown, Tenn., to Paint Rock. Tenn., 45 miles; Knoxville,
Tenn., to Kentucky State Line, 66 miles; Cleveland. Tenn., to Meridian,
Miss., 380 miles; Ooltewah, Tenn., to Red Clay, Tenn., 12 miles; Rome,
Ga., to Brunswick, Ga., 378 miles; total, 1,123 miles, 221 miles of this
being in progress. The company leases the Memphis & Charleston Rail¬
road foi' 20 years, merely paying its earnings as rental, but agrees for
three years from Dec. 2, 1879, to furnish funds to buy up any coupons
of the M. A C. road remaining unpaid. After the three years the lessee
may surrender the lease on six months’ notice. The company’s applica¬
tion to the New York Stock Exchange, July, 1881, had the following:
Of the first mortgage consolidated bonds, there are held in trust by
the Central Trust Co. $7,509,000, to retire the same amount of the out¬
standing divisional and sectional bonds. There are also held in trust by
the same trustee, $3,500,000 bonds to provide for the completion of the
Rome Atlanta & Macon division of the oompany’s railroad now in
progress, 178 miles in length, and the company has contracts with
responsible parties for the completion of the division during tho year
for the proceeds of the fuuds so held in trust. The company owns
1,123
miles or railroad, of which 902 miles are in operation and tne remainder
is in progress. It also operates under a lease for twenty
years from
July 1,1879, the lines of the Memphis & Charleston Railroad Company,
from Chattanooga to Memphis, Tenn.. 310 miles, and the Florence and
Somerville branches, 20 miles, in all 330 miles, makir.g a total of 1,232
miles of proprietary and leased Hues now in operation and 221 miles in
progress. The lease of the Memphis & Charleston RR. is an operating
lease simply, and creates no moneyed obligation against the East Tenn.
Va. A Ga. RR., all net earuings being paid over to the lessor company.
The company has $5,000,000 cash in its treasury for equipment and
East Tennessee
“
Whom.
6 g.
6 g.
J. A J. N.Y..M.K. Jesup.P.AOo.
M. A N. N. Y., Central Trust Co.
7 g.
7
7
7
3
7
J.
A
A
A
A
A
A
A.
A.
J.
J.
M.
27,500,000
16,500,000
•
•
•
D. N.Y., N.Y. Cent. A Hud.
do
O.
do
do
do
O.
J. Philadelp’a, Co.’s Office.
J.
8.
Phila., by F. A R. UR.
Phila., P. A R. office.
Stocks—Last
Dividend.
July 1, 1919
May 1, 1911
June, 1890
1, 1890
1. 1890
Oct.
Oct.
July 1. 1903
July 19, 188L
1, 1888
Mar.
•
11.000.000
16,500,000
5 g.
J.
A J. N. Y., R. T. Wilson A Co.
July l. 1930
3,123,000
535,400
147,000
190,000
4,997,600
194,400
13,429,605
492,500
400,000
2,972,800
83,000
900,000
2,500,000
500,000
500,000
500,000
1,000,000
570,000
1,998,400
278,700
7
6
6
4
3
6
J. A J. N. Y., Gallatin Nat’l R’k
J. A J. N. Y., R. T. Wilson A Co.
do
do
M. A N.
July 1, 1900
100
100 Ac.
500 Ac.
100
100 Ac.
100
1879
1830
1872
Where Payable, and by
Payable
1,709,550
100 &c.
1858
When
Cent.
500,000
50
1,232
Bonds—Prinol-
pal.When Due.
Rate per
$650,000
5,000,000
2,000,000
2,000,000
1,000,000
200,000
1,000
....
282
Outstanding
1,000
1872
mort. (extended for 10 years)
Amount
$1,000
1,000
1881
130
Mortgage funding certificates
Eastern (N. H.)-Stock
Eastern Shore (Md.)—1st mortgage
Eel River—Stock.
81
1879
112
Easiei'n (Mass.)—Stock
Essex RR. 1st
63
280
242
and Virginia (endorsed)
2d mortgage to IT. S. Government
XXLS
>
INTEREST OR DIVIDENDS.
Miles
Date
Size, or
of
Par
of
Road. Bonds Value.
....
East Tennessee
BONDS,
by giving Immediate notice of any error discovered In these Tables.
1,123
bonds
Old 1st mortgage sinking fund bonds
East Teim. & Georgia ($92,000 are endorsed)
10
11
30
21
11
05
stock.
Income
00
05
first page of tables.
STOCKS AND
1911
•
41ag.
2*4
6
1
7
6 g.
6 g.
J.
M.
M.
J.
T.
A
A
A
A
A
J.
8.
8.
D.
J.
Q.-M.
3^
6
5
7
7
7
7
2,206,000
685,000
Philadelphia.
by Treasurer.
.
Boston,
Q.-F.
M. A N.
J. A J.
J. A J.
A. A O.
Q.-M.
92,300
Boston, by Treasurer.
New York.
New York.
M. A 8.
M. A. 8.
1J4
2^
Boston.
do
Boston and London.
J.
A.
J.
A.
A J.
A O.
A J.
A O.
1881 to 1886
1886
A *87
1873
1886
Sept., 1906
Dec. 1, 188L
May 1,
Jau.l, ’82
July 15.
Sept. 15,
Jan.
Dec.
1, 1900
5, 188L
May 1, 1885
Sept. 1, 1920
Mar. 1, 1902
Baltimore, N. Cent. RR.
July, 1879
Phila., Penn. R. R. Co. May 1, 1881
do
do
Jan. 2, 1881
do
do
Jan. 1, 1910
do
do
N. Y\, Union Trust
do
do
do
do
do
do
do
do
Co.
Oot. 1. 2802
Dec. 10, 1881
July 1, 1882
April 1, 1690
July 1, 1898
Oct. 1, 1890
far as your directors have been informed. At the same meeting
the board of directors were instructed to buy the Selma Rome
A Dalton Railroad from the syndicate, which purchased it in Juno last
at 8elma, Ala., if it could be done for $2,250,000, payable in 6 per cent
bo
bonds of this company, and also to buy tho
Georgia Southern Railroiid. (V. 29, p. 382;
V. 30, p. 5G7; Y. 31. p. 429, 510, 556; V. 32, p. 09, 265, 552, 612; V.
33, p. 303, 357, 168, 716.)
50-year registered ooupon
balance of the stock in the
Eastern, Mass—Sept. 30,1881, owned from Boston, Mass., to New
Hampshire State Line, 41 miles; branches—Salem to Marblehead, 4
miles; Beverley to Gloucester, 17 miles; Salisbury to Amesbury, 4
miles; Revere to Lynn, 10 miles; Peabody to Wakefield, 8 miles; Salem
to Lawrence, 20miles; others, 14 miles; leased—Eastern RR. of N. H., 16
miles; Newburyport City RR., 3 miles; Portland Saco A Portsmouth, 51
miles; Portsmouth & Dover, 11 miles; Portsm. Gt. Falls & Conway, 71
miles; Wolfeboro Railroad, 12 miles; total operated, 282 miles.
Tho company became embarrassed in 1875 and compromised with its
bondholders by the issue of a general mortgage to fund all the prior nonmortgage debts, the new bonds to bear 3*2 per cent for three years from
1876, then 4^j per cent until September, 1882, and 6 per cent thereafter.
Notes payable are $687,200, secured by
collateral or real estate.
The last annual report was published in V. 33, p. 561.
Operations and
earnings for five years past were as follows;
Passenger
Freight (ton)
Years.
Miles.
Mileage.
Mileage.
282
282
282
282
282
68,502,002
61,706,681
65,403,019
77,081,998
83,411,100
39,099,659
39,116,073
44,996,004
01,707,305
63,099,873
-(V. 29, p. 537, 629: V. 30, p. 144; V. 31, p.
687; V. 33, p. 527, 561.)
Gross
Receipts.
$2,451,323
2,422,394
2,485,977
2,905,056
3,094,273
Net
Receipts.
$799,317
871,810
994,785
1,084,927
1,124,600
45, 509; V. 32, p. 15
Massachusetts State
Eastern (.V. IT.)—Sept. 30, 1830, owned from
Lino to Maine State Line, 16 miles. It was formerly leased for 99 yoars
to the Eastern (Mass.) Railroad, and a new lease was made from Oct.
1, 1878, for 60 years and two months at $22,500 per year, equal to 4*s
pin* oeut per annum. Moody Currier, President, Manchester, N. H.
Eastern Shore (Md.)—Dec. 31,1880, owned from Delmar to Chrisfldd,
Md., 38 miles. The road was sold in foreclosure Feb. 19,1879, subject
to the first mortgage. George R. Dennis, President, Kingsland, Md. Act
passed Legislature of Md., and signed by Governor (April, 1880,) to re¬
organize road. Stock, $450,000 (partly com. and partly pref.), in shares
of $25. Pref. to receive 6 per cent dividend before any is paid on com. j
Eel River.—Doc,. 31, 1880, owned from Logansport., Ind., to Butler,
Ind., 94 miles. This was formerly the Detroit Eel River A Illinois RR.,
sold under foreclosure July 6, 1877, and reorganized under present
name Dec. 10, 1877.
In August, 1879, it was leased to the Wabash St.
Louis & Pacific Railroad, at a rental of 3 per cent per annum on the
stock for two years, 4 per cent for three years, and 4*2 per cent there¬
after. (V. 28, p. 276; V. 29, p. 226; V. 31, p. *04.)
Elizabeth City # Norfolk.—Tho section of 45 miles. Norfolk, Va., to
Elizabeth City, N. C., was completed prior to June, 1881, and the exten¬
sion to Edenton, N.-
C.,
was
in progress.
Elizabethtown Lexington <C* Big Sandy.—The mileage of tho road will
be as follows: Owned—Lexington to Mount Sterling, 33*6 miles; Mount
Sterling to Straitsville, 66 miles; Ashland to Big Sandy Bridge, 8 miles.
Leased—Straitsvi lie to Ashland, 20 miles; BigSandy Bridge to HuntingThe last annual report of the old East Tenn. Va. & Ga. was published ton, 7*5 miles. Total owned and leased, 135-1 miles. It is the connect¬
in the Chronicle, V. 31, p. 556, and the earnings and income account ing line of the Chesapeake & Ohio and controlled by the saute parties.
The authorized issue of bonds is $3,500,000, which will be negotiated
for the year ending June 30, 1880, were as follows:
only as portions of the road are completed. Authorized capital of the
1879-80.
1878-79.
company is $5,000,000.
(V. 29, p. 66; V. 31, p. 405, V. 32, p. 544.)
$270,4^8
Passage
$304,283
Elmira Jefferson # Canandaigua.—Dec. 31,1880. owned from Canan¬
Freight
833,115
650,687
60,456 daigua, N. Y., to Jefferson, N. Y., 47 miles. The road was foreclosed and
Express and mail
69,115
Miscellaneous
6,373
6,710 reorganized under present name Feb. 18,1859. It was leased to New
York A Erie for 20 years from Jan. 1,1859, and the lease transferred
betterment purposes.
Total
Expenses
Net
...
earnings
Earnings for six
Years.
1874-5
1875-6
..
..
1876-7
1877-8
1878-9
1879-80
..
..
..
..
.
years past were as follows
Miles.
Gross Earnings.
272
$1,059,986
272
1,058,954
272
994,050
272
1,022,252
272
988,291
272
1.212,887
$1,212,887
$988,293
776,994
620, U 3
$435,893
$368,189
Net
Earnings.
Dir.
p.ct.
$342,464
343,560
325,127
3
409.609
368,188
3
3
6
435,893
3
1866 at a rental of $25,000 per year. Lease termi¬
nated Jan., 1879, and road now operated at cost by Northern Cen.
Elmira d* Williamsport.—Dec. 31, 1880, owned from Williamsbar, Pa.*
to Elmira, N. Y., 76 miles. This company was reorganized under the
present name Feb. 29,1860, and leased to the Northern Central Rail¬
way for 999 years from May 1, 1863, at a rental of $155,000 per annum
since Jan. 1, 1880. The dividends on the common stock are 5 per cent
and on the preferred 7 per cent. Operations are included in the North¬
ern Central returns.
to N. Cen. RR. in
Eric <6 Pittsb — Dec. 31, 1880, owned from New Castle, Pa., to Girard,
Pa., 82 miles; branch, Dock Junction to Eric Docks, 3 miles; leased—
Girard to Erie, 15 miles; total operated, 100 miles. Road opened in 1865
It was leased to the Pennsylvania RR. for 999 years from March l
1870, at a rental of 7 per cent on stock and interest on the bonds,
and the lease was transferred to the Pennsylvania Co. The lease has
The stockholders in October, 1880, voted to increase the stock to
$5,000,000 by selling to the stockholders 150 per cent on their holdings
at the price of $30 per $100 share. Of this action the President, Mr. Cole, been quite unprofitable to the lessees; in 1878 the deficiency paid by
Baid in his report at the annual meeting in November: “This action them was $217,437; in 1879 $232,653; and in 1880 $242,819. Wm. U
on
the part of the stockholders has met with general approval, Scott is President, Erie, Pa.
Subscribers will confer
a
explanation of column headings, &c.,
on
first page
see
notes
of tables.
Date
Miles
of
of
Road. Bonds
Europ’n d N.A m.—IstM., Bang’r to Winn.,Bang’r l’n
Evansville d T. Haute—Stock ($100,000 is pref. 7)
.
1st mortgage, Evaiisv. A Ill., sink, fund
1st mortgage., sink, fund, (Evaiisv. to T.H.)
Consol, limi t., gold (for $ *,500,009)
Evansville Terre Haute d Chic— 1st mort., gold....
2d mortgage, gold
i
Fitchburg—Stock
Bonds, coupons, ($3,500,000 authorized)
Flint d Fere Marquette—Preferred stock
Reorganization mortgage bonds, cold
1st limi t., land errant (to be paid March, 1882)
Flint A Holly RR. (siuk’g fund$25,000 per year).
Bay City & E. Saginaw, 1st mort., guar by lessees
Bay County, issued iu aid, guar, by lessees
Holly Wayne A Monroe, 1st mort., sinking fund.
Florida Central—1st mortgage, gold, coupon..
9781
[VOL. XXXIII;
...
..
Fonda Johnstown d Gloversville—1st mortgage
Consol, mortgage
Fort Madiso)i d Northwestern— 1st mort., gold
Fort Wayne d Jackson—Pref. sfock, 8 per cent
Common stock
t
Fori Wayne Cincinnati d: Louisville—Stock
Fort Worth d Denver—1st mort. ($29,000 per mile)
Frederick d Pennsylvania Line—fist mortgage
Fremont Elkhorn d Mo. Valley— 1st mortgage
1st mortgage
Income bonds
Galveston llarrisb.d S.Antonio—1st mort, gold,
2d mortgage
Galveston Houston d Head, of 1871—1st mort
Geneva Ithaca d Sayre—1st mort., s. f., gold
1. gr.
56
115
5L
109
141
55
55
139
....
317
284
190
17
13
....
65
59
10
26
100
100
100
109
1869
or
Par
Value.
Amount
Outstanding
l.ooo
1,000
l.ooo
....
1371
1877
1870
18 SO
1380
0
J. & J.
M. A N.
.1. A J.
M. A N.
J. A J.
M. A N.
J. A J.
J. A I).
A. A O.
O
7
7
6 g.
6 g.
6 g.
775,000
325,000
4,500fO(H)
100
1,000
-
'
1880
1868
1868
1867
Whom.
2.078.000
1,000
’74-7-9
Payable
281,000
611,000
1,000
....
Where Payable, and by
Cent.
$1,000,000
3,000.0110
50
1852
1854
1876
1869
1872
Rato per
When
Stoc/cs—Last
Dividend.
.
$1,000
....
Bonds—Princi¬
pal, When Due.
INTEREST OR DIVIDENDS.
Size,
.
11887766--990.!
BONDS
AND
great favor by giving immediate notice of any error discovered In tbeee Tables.
DESCRIPTION.
For
STOCKS
RAILROAD
XXX
2,093,000
3 ,000
500 Arc.
500 Ac.
500
254,000
300.000
100,000
75,000
l.OOOvOOO
309,000
300,000
100 Ac.
109 Ac.
509 Ac.
5, 6 & 7
1,500,000
6,500,000
1,000
1,000
1,000
.4
3
6 g.
8
10
10
10
8
7 g.
rv
C>
7 g.
200,000
700,000
Bost., Meroh. Nat. Bk. Jan. 1, 1894
Company’s Office.
Nov., 1831
N.Y.,Farm. L'anA T.Co. Jan. 1, 1887
do
do
do
do
Nov. 1,
N.Y.,Farm.I/an A T.Co.
do
do
Boston, Office.
Nov. 1, 1899
Jan. 1, 1902
Jau. 2, 1882
do
1894, ’97 A ’99
Jau. 16, 1832
Oct. 3, 1920
.........
N. Y., Mer. Ex. Nat. Bk.
N. Y., Median. Nat. B’k.
do
do
Newark. N. .T., Sav. Ins.
New York.
N.Y.. Meroh. .Vat. Bank.
A. A O.
M. A 8.
M. A N.
.T. A J.
M. A S.
J. A J.
r. A J.
J. A J.
A. A O.
A. A O.
1887
July 1, 1921
Jacksonville, Fla.
N. Y„ St,. Nich. Nat. B’k.
Sept.
May
July
Sept.
1, 1883
1. 1888
1, 1882
1, 1887
Jan.
1, 1901
1, 1907
July 1, 1900
Jan.
do
do
May 1, 1920
V.Y.,O.K. Sis tare’s Sons April 1, 1905
July 11, 1881
2,000,000
'700,000
4,000,000
co
23
51
39
51
256
226
50
35
1871
1879
1876
500 Ac.
500 Ac.
’71-’80
1,000
1880
1872
1,000
1,000
1870
100 Ac.
<;
7
250,000
600,000
7
7
6 g.
7
7 g.
7 g.
312,000
317,082
4.800,000
1,000,000
1,493,000
600,000
Georgia Pacific—
A. A O.
A. A 0.
A. A O.
A. AO.
F. A A.
I. A D.
J. A .T.
J. A J.
Pennsylvania RR. Co.
Y., Nat. Park Bank.
1900
1901
N.
do
do
do
do
3 899
1886
N.Y., I).,M.ACo.,ALond.
Feb. 1, 1910
Juno 1, 1905
Boston and London.
N. Y., F. P. James A Co.
N. Y., Metrop. Nat. B’k.
July 1, 1902
July 1, 1890
(?)
‘n
European d North American.—Sept. 30, 1881, ownod from Bangor’
Me., to Vancoboro (State Line), Me., 114 miles. Hoad was worked in
connection with the St. John <fc Maine, making an unbroken line from
Bangor, Me., to St. John, N. B., 205 miles. In 1875 default was made,
and a new company was organized October, 1880, which issues new
stock for the land grant mortgage ($2,500,000).
The company had
a land grant of 750,000 acres in the State of Maine.
In the year ending
September 30,1881, the grosH earnings were $177,937 and net earnings
$79,763. (V. 31, p. 429 ;• V. 33, r. 621.)
Evansville d Terre Haute—V. 33, p. 467, 502.
Evansville Terre Haute d Chicago— June 30, 1880, owned from Terre
Haute Junction, Ind.. to Danville, III., 49 miles; leased, 6 miles; total
operated, 55 miles, It uses 6 miles of the track of the Rockville Exten¬
sion into Terre Haute; also leases the Indiana Block Coal road, 14
miles. On April, 30, 1880, a lease to the Chicago A Eastern Illinois
was made for 999 years; terms, $75,000 per annum and the assumption
'
Under construction, and bonds sold
1881, by G. K. Sidarc’s Sons. (V. 31, p. 154.)
la., 3 00 miles.
in New York
Ft>rt Wayne d Jackson.—Deo.. 31,1880, owned from Jackson, Mich., to
Fort Wayne, Ind, 100 miles. This road is successor to the Fort Wayne
Jackson & Saginaw, which made default on its bonds and was sold in
foreclosure Dee. 3, 1879. The 8 per cent preferred stock was issued in
place of the old first mortgage bonds and interest, and the common stock
in place of the old second mortgage bonds. (V. 28, p. 199, 300; V. 29, p.
301, 631; V. 30, p. 43.)
Wayne Cincinnati d Louisville.—From Fort Wayne,TAd., to ConThe Fort Wayne Muneio A Ciuoinnati Com¬
pany defaulted and a receiver was appointed Nov., 1874.
The road
was sold in foreclosure. July 27, to Elijah Smith, for the bondholders, for
$1,000,000. The bondholders reorganized under this name. (See plan,
V. 32, p. 577.)
Elijah Smith, President, Boston, Mass. (V. 30, p. 192;
by the C. A E. I. of all rentals and taxes paid by E. T. II. A C. The' V. 32, p. 121, 577; V. 33, p. 100, 153.)
bonded interest w as reduced to 6 per cent and preferred stock for $100,000 issued for overdue coupons. Earnings for three years past were:
Fort Worth d Denver— Road projected from Fort Worth, Texas, north¬
Years.
Miles. Gross Kami tigs. Net Earn’gs. west to the Canadian River, at a junction with the Atl. & Pacitto. Built
55
$222,782
’ $98,233 by Texas & Colorado Improvement Co , G. M. Dodge, President. (V.
55
209,673
' 77,224 33, p. 384, 716.)
55
242,896
—Josephus Collett, President, Torre Haute, Ind.
Fitchburg
—
94,236
(V. 30, p. 221, 298.)
Sept. 30, 1880, owned from Boston, Mass., to Fitchburg.
Mass, (double track), 50 miles; branches—Charlestown, 1 mile; North
Cambridge to Waltham, 7 miles; South Acton to Marlborough, 12 miles;
Peterborough & Shirley, Ayer, Mass., to Greenville, 24 miles; leased
and operated—Vermont & Mass. HR., Fitchburg to Greenfield, 56
miles; Turners Falls Branch, 3 miles; Troy & Greenfield HR., Green¬
field to North Adams, 37 miles; total, 190 miles. The Troy A Greenfield
RR. and the Hoosae Tunnel, owned by the State of Massachusetts, have
been operated by this company, and are now contracted to it for seven
years from Sept. 30, 1880. In 1878-9 net income above rentals and
interest was $279,740; in 1879-80 it was $383,635. Operations and
earnings for five years past were as follows:
Div.
Net
Passenger freight (ton)
Gross
Years.
Miles
Mileage.
Mileage.
Receipts. Revenue.
p.ct.
152 30,690,340 53,224,939 $1,920,413 $ >42,179
6
152 32,266,503 68,041,193
6
1,937,934
347,620
152 35.094,145 92,832,610
6
2,079,973
379,202
190 39,752,302 109,323,290
8
498,851
2,404,598
18S0-81
190 42,854,017 114,507,916
3
2,655,829
290,581
—(V. 28, p. 17. 526; V. 29, p. 41. 67, 537; V. 30, p. 42 ; V. 31, p. 204;
V. 32, p. 43, 334; V. 33, p. 622, 68 5.)
Flint d Fere Marquette.—Dec. 31,1880, owned from Monroe, MiQh., to
Luddingtou, Mich., 253 miles; branches—Bay City to East Saginaw, 12
miles; Flint Junction to Otter Rake, 15 miles"; St. Clair branch, 4 miles;
Saginaw & Clare Co. RR., 16 miles; Manistee branch, 3 miles; leased,
Saginaw & Mt. Pleasant RR., 15 miles; total operated, 317 miles. The
company made default on the consolidated bonds, November, 1875, and
part of them were funded. A Receiver was appointed in June, 1879;
the road was sold Aug. 18, 1880, under the consolidated mortgage, and
reorganization was made and preferred stock ($6,500,000) issued for tne
consolidated mortgage bonds, and common stock ($3,500,000) is to be
issued for the old stock. The common stock has no present right to vote
or to receive dividends, and will
be Bsued only .after the preferred
stockholders have received 7 per cent yearly dividends for five con¬
secutive years. The preferred stock is not cumulative, and after 7 per
cent per annum is paid on b'jth classes of stock, the balance of income,
if any, is to be divided ratably. On Jan. 1,1881, the land notes on
hand for lands sold were $977,588, and lands yet unsold 159,356 acres.'
Earnings for three years past were as follows :
....
....
Years.
Miles.
280
307
317
Gross Earnings.
$1,056,017
Net Earnings.
$388,786
405,289
1,151,201
1,599,624
455,687
—(V. 30, p. 91. 117, 518, 648 ; V. 31, p. 115, 204, 228, 305, 381, 558; V.
32, p. 288. 575 ; V. 33, p. 254.)
Florida Central— Ownod from Jacksonville, Fla., to Lake City, Fla.,
50 miles. In March, 1868, the old road was sold by the trustees (the
Florida Atlantic & Gulf) and this company organized July, 1868.
The
gross earnings in 1877-8 were $163,892; net earnings, $41,319. The
road was ordered sold Sept. 15, 1879, to satisfy a claim for $197,000 and
9 years’ interest, made by foreign holders of State bonds issued in ex¬
change for bonds of this company. E. M. L’Engle, President. Jackson¬
ville, Fla. (V. 28, p. 599; V. 32, p. 100, 334; V. 33, p. 124, 527.)
Fonda Johnstown d Glovn'svillc —Sept. 30, 1880, owned from Fonda,
N. Y., to Gloversvilie, N. Y., 10 miles; leased, Gloversville A Northviile
RR., Gloversville to Northviile, 16 miles; total operated, 26 miles. Road
opened Dec. 1, 1870. The stock is $300,000. Net earnings, after de¬
ducting interest and rentals, in 1878-9, $16,285; in 1879-80, $33,359.
W. J. Heacock, President, Gloversville, N. Y.
Fort Madison d
Northwestern.—Owned from Fort Madison, la.,
West Point, la., 11 miles.
to
Projected line, Fort Madison to Oscaloosa,
Fort
norsville, Ind., 109 miles.
Frederick d
to Frederick
which pays
Pennsylvania Line.—Deo. 31,1880, owned from Kingsdalo
City, Md.. 28 miles. It is leased to Pennsylvania RR.,
interest on first mortgage.
Preferred stock held by Penn¬
Charles E. Trail,
sylvania RR., $460,000; common stock, $312,528.
President, Frederick City, Mil.
Fremont Elkhorn d Missouri
110 miles. Leased to Sioux City
Valley.—Fremont 'to Oakdale, Neb.
The rental is 331;*
& Pacific Railroad.
per cent of gross earnings. Stock, $846,000.
Scranton, Pa.
James Blair, President,
Galveston Harrisburg d San Antonio— Dec. 31, 1889, ownod from
Harrisburg, Tex., to San Antonio,Tex., 215 miles: Houston to Harris¬
burg, 11 miles; Lagrange Extension, 30 miles. Total operated, 256
miles.
Extensions to the Rio Graudo and to El Paso in progress.
This was a successor to the BtilFalo Bayou Brazos & Col. Railway.
The road was opened to San Antonio Maroh 1, 1877. The gross earn¬
ings iu 1879 were $1,390,679; net earnings. $818,766. In 1880, gross,
which
bonds.
The bills payable Dec. 31. 1879, were $288,593, and the debt duo the
School Fund of Texas was $365,842. The first mortgago covers tfio
property and about 1,800.000 acres of land.
The proceeds of land
$1,392,^90; net. $799,164. The capital stock is $6,450,000, of
$4,638,794 is paid in and $1,811,205 is represented by lands and
sales are used to retire the bonds, and a sinking fund of 1 per oent
begins in 1880. but it is optional with bondholders to surrender their
bonds, if drawn. In June, 1881, a control ling interest in the stock was
bought by Southern Pacific parties. The land grant is sixteen sections
(10,240 acres) per mile. (V. 30, p. 144; V. 31, p. 305, 453; V. 32, p. 334,
660; V. 33, p. 75, 528.j
Galveston Houston d Henderson of 1871.—Dec. 31,1880, owned from
Galveston, Tex., to Houston, Tex., 50 miles.
The road was opened m
1853-4 and sold in foreclosure Dec. 1, 1871, and reorganized. Mortgage
debt at date of sale was $5,750,000. Some of the coupons remained un¬
paid in the hands of parties interested in the road, and in 1879 a foreclosure suit was begun by V. A.. Cowdrey, one of the trustees of the
mortgage.
In February, 1880, Mr. Israel Corse, of New York, was
the company defaulted on its interest.
hands in September, 1880. (See V. 31, p. 305J
Operations and earnings for three years:
elected President, and in July
Road plaoed in trustee’s
The stock is $1,000,000
Passenger
Mileage.
878.. 2,213,944
879.. 2,416,653
880.. 1,990,108
rears.
ixt
qi
a x
or, a
ooi
oao
Net
Gross
Freight (ton)
Mileage.
8,430,962
9,928,275
7,492,133
on*..
Earnings.
Expenses.
Earnings.
$495,440
$290,385
$205,055
536,847
346,462
294,525
v
229.560
51.937
307,286
qo
502.)
-
-
u
Sayre.—Sept. 30,1S80, owned from Geneva, N. Y.» to
Sayre, Pa., 76 miles;‘ branoh, Ithaca, N. Y., to Cayuga, N, Y., 38 miles,
total operated, 114 miles. Organized Oot. 2,1876, as guooessor of the
Geneva Ithaoa A Athens RR., which had been formed by oonsoLidation
of the Geneva & Ithaca and Ithaoa & Athens railroads, May 2o, 18/4.
In 1880 absorbed the Caj'uga & South. RR., 37 miles. The G. L & A.
having defaulted on its interest was placed iu the hands of a Keoeiver,
March 4,1875, and the road was sold in foreclosure ^P!j;
|87o, ana
this company organized in the interest of the Lehigh Valley RR. ao
stock is $850,000 com., and also pref. stock of $850,000 is authorized.
Geneva Ithaca d
Gross earnings in 1878-9 were
$172,850. Gross m 1879-30,
$109,535.
$302,572; expenses,
$475,423; defloit,
$618,464; expenses, $427,999;
R. A. Packer is President, Sayre, Pa.
Georgia Pacifie.—Projected line from Atlanta to
Built by Richmond A Danville
subscribed capital. See V. 33, p.
dotioii,
Mississippi Rivo
•
Extension Co., which has $o,0w»uvw
201.
Dbcbmbeb,
RAILROAD STOCKS AND BONDS.
I88i.|
Subscribers will confer a great favor by giving
'
DESCRIPTION.
For
explanation of column headings, &o„ see
on
first page of tables.
Miles
Date
of
of
Road. Bonds
mote*
307
Georgia Railroad d Banking Co—Stock.
Bonds, not mortgage
Bonds, not mortgage
Macon «fc Augusta, 1st mortgage
Grand Rapids & Indiana—Stock
....
77
332
332
332
land grant, gold (guar, by Pa. RR/
gold, ($1,859,000 are land grant)
income mortgage bonds, for $10,000,009
Green Bay TTinona. d St. Paul— 1st mort. coup
2d mart.’ inoomo bonds, reg., noii-ouumlativo
Gulf Colorado d Santa Pc—1st M., g. ($12,000 p.m.;
Hannibal d St. Joseph—Common stock
preferred stock (7 p. c. yearly, not cumulative)...
Bonds 1870, convertible
Bonds, secured by land notes
Consolidated mort. (for $8,000,000)
1st mortgage (Quincy & Palmyra HR)
1st mortgage (Kansas City Si Cam. UR.)
Harrisb. Portsm’th ML Jog & Lane.—Stock
1st mort.,
1st molt.,
r
7981
781
1st mortgage, coupon
2d mort, bonds of 1809
3d mort., reg
1,000
1,000
74
i
1870
1878
1881
....
1807
....
1853
1*74
1871
1870
-
1865
1809
gold
Houston d Texan Cent.—-1st M., (main) gold, l.gr.,s.t.
1st mort., 1. gr., West div. (Hempstead to Austin)
1st M., gold.Waco Si N’west (Bremond to Ross/ ....
Consol. mor t., land grant, Main and Western Div.!
Waoo & Northwest
:
gold (for $18,500,000)
76
345
119
58
404
58
522
500
100
'1880
Equipment bonds of 1873
do
1809
I 869
1875
1881
1881
1879
44
67
120
120
Houst. Easld West Texas —1st mortgage,
do
Gen mort.,
400,000
...
tionsatontC—Stock
Preferred stock
1873
1878
....
1,000
1,000
....
....
50
500 &C.
100 Ao.
Looo
500 Szc.
1(M)
100
500 Sic.
500 Sic.
500 Sic.
500 Sic.
1873
1872
1875
1881
1,000
1,600
1,000
1,000
Georgia Railroad d Banking Company— Augusta, Gav to Atlanta, Ga.,
branches to Washington and Athens, 00 miles; Warrenton,
Ga., to Macon, Ga., 70 miles; total oporatod, 307 miles. The West¬
ern Railroad of
Alabama, purohased in May, 1875, at forced os me,
of Georgia. The Macon
this company. The Port
Royal Si Augusta Railroad is owned one-tifth by this company. In April,
1881, a lease for 99 years was made to W. M. Wadley and associates at
$000,000 per year, payable semi-annually, and dividends will be 2% per
cent quarterly from Oct. 1, 1881.
(V. 31, p. 429, 535; Y. 32, p. G9, 334,
390, 420. 520, 551, 012.)
Grand Rapids d Indiana.—Dec. 31, 1880. owned from Fort Wayne
Ind., to Petoskcy, Mich., 332 miles; leased and operated: Cin. Richmond
6i Fort Wayne RR., 91 miles; AHogan & S. E. RR., 11 miles; Traverse
City RailiOikd. 20 miles; total, 403 miles. This road was opened in May,
1874. For the terms of the lease of Cin. Rich. & Fort Wayne Railroadsee that company in this Supplement.
The Grand Rap. & Ind. RR. is
operated in the interest of tlio Pennsylvania RR. Co., and $1,000,000 of
the first mortgage bonds are guaranteed by that company, ’which buys
the coupons each year that remain unpaid by the earnings, and on Jan.
1, 1*80, held $1,802,170 unpaid coupons. First mortgage bonds
redeemed by the sinking fund are replaced by income bonds issued.
The company had land grants amounting to 852,900 acres, and sold
in 1880 48,350 acres, for $757,990. The lauds unsold were 570,007
$518,901 in hands of trustees; $070,915 bills
receivable,'and cash with cashier, $123,019. hand sales in 133i for
nine months to Oct. 1, $151,382. Operations and earnings for four years
acres.
The assets
were
past were as follows:
Net
Earnings.
33,713,080
14,448,942
$310,507
13,803,997
35,033,459
1,097,107
318,745
1878
1,200,029
15,184,060
42,437,701
242,458
17,823,880
51,207,197
1,345,131
432,015
-(V. 29, p. 140, 299; V. 30, p. 01, 463, 019; V. 31, p. 483, 559; V. 32,
p. 155; V. 33, p. 47, 225, 622, 716.)
*
Milos.
332
332
332
332
Years.
1870
Passenger
Mileage.
Freight (ton)
Mileage.
Gross
Earnings.
$1,137,539
Green Bay Winona d St. Paul.—Deo. 31. 1831, owned from Green
Bay, Win., to Marshland, Wis., 209 miles; branches, 10 miles; leased,
Winona to Analaska. 28 miles; total operated. 247 miles. This was a
reorganization in 1881 of the Green Bay & Minnesota, which company
made default and the road was sold March 12, 1881. Seo full statement
of debt and plan of reorganization in Chronicle, V. 31, p.453.
Pref.
stock is $2,090,000, and entitled to 7 per cent when earned, and com¬
mon stock $8,000,000.
In 1880-81 net earnings were $114,loO. (V.
32, p. 09, 100, 368, 39G, 030; V. 33, p. 411, 580, 587, Oil.)
Gulf Colorado d Santa Fe.—April, 1881, road built from Galveston to
Belton, Texas, 226 miles. Road opened late in 1878 (03 miles), and sold
and reorganized April 15, 1879. An extension is in progress. Stock,
$1,250,000. (See rern/rt in V. 32, p. 12. and April 39, p. 4 of advertise¬
ments )
31,
George Scaly, President, Galveston, Texas.
(V. 30, p. 408; V.
p. 347; V. 32, p. 312; V. 33, p. 47, 470, 502.)
Hannibal d St. Joseph.—December 31, 1830, owned
from Hannibal,
Mo., to St. Joseph, Mo., 205 miles; branches—Cameron to Kansas City,
53 miles; St. Joseph to Atchison, Kans., 19 miles; Palmyra to
Quincy, Ill., 14 miles; total operated, 292 miles. Tho main line was
opened February, 1859. The company had a Congressional land
grant and received $3,000,000 in bonds from the State of Missouri, on
which the company pays interest. On Jail. 1, 1881, the company had
58,081 acres of land unsold and 36,003 acres on which contracts were
canceled. The land notes are pledged as security for the bonds of 1878.
Preferred stock has prior right to a non-cumulati ve dividend ot 7 per
cent; then common to 7; then both share. Prices of stock as follows :
Common.
/
January
February....
March
April
May
June
July
August
September..
October
November...
December....
1880..
1881.
42 - 33%
42V 38%
57 %- 44%
00%- 47%
59 V 51%
59% 50%
85 - 85%
93 - 82
94%- 89%
98 - 91
350 - 9t%
100 - 85
40%- 35%
37%- 31
34 - 22%
35%- 24%
30%- 31%
4 2%- 34
44%- 30%
43%- 37%
45
-
39
.
9G%- 94
2%
Q.-J. Augusta,Ga., RR. Bank.
7
6
7
J. & J.
J. Si J.
J. & J.
7 g.
7 g.
7
6
8
7 g.
J.
3%
F.
M.
J.
M.
F.
J.
J.
Slocks—Last
Dividend.
Where Payable, and by
Whom.
do
do
do
do
do
do
Jan. 15, 1862
Yearly to 1890
’
9,108.700
5,083,024
4,000,000
307,000
3,000,000
433,000
1,200,000
1,182,550
700,000
507,200
800,000
3,200,000
620,000
1,180,000
100,000
300,000
300,000
150,000
532,000
6,262,000
2,270,000
1,140,000
4,117,000
84,000
4,000.000
8
7
6
8
10
3%
f>
7
7
7
2
7
6
5
7
7
7
7
7
8
8
6
& J. N. Y., Third Nat. Bank.
A. & O. N.
M.
F.
M.
J.
Si S.
& A.
& N.
& J.
&
&
<fc
Si
&
&
&
J. &
J. &
J. &
J. &
do
New York
do
g.
g.
g.
g.
g.
*
&
Si
&
A
&
<fc
&
A. Si
M. &
A. &
do
City.
do
N.Y.Nat.City Bk.&Galv.
A. N. Y.,
1899
1899
1906
Feb. 1, 1911
May 1, 1911
July 1, 1909
Company’s Office Aug.
do
do
S.
J. N. Y., Farm. L. & T. Co.
do
do
8.
A. N. Y., li’k. No. America.
do
do
J.
Phi la., Co.’s Office.
J.
do
do
J.
J. Pliila., Third Nat. Bk.
J. N. Y., Am. Exeh. N. Bk.
N. Y..Met. N. Bank.
J.
Bridgeport Si Boston.
Q.-J.
F.
J.
A.
F.
M.
J.
J.
J.
Y., Wiuslow, L. Si Co.
1897 Si 1910
1887
A.
'Bridgeport, Olfiee.
do
do
J.
do
do
O.
A.
Bridgeport.
N. Y., Kountze Bros.
N.
J. N. Y., J. J. Cisco <fc Son.
do
do
J.
do
do
J.
do
do
O.
do
do
N.
do
do
O.
•
i,
1881
Mar., 1885
Jan. 1,
Mar. 1,
1888
1911
Jau., 1892
Jam, 1892
Jan. 10, 1882
July 1, 1883
Jam
Jam
1, 1904
1901
1,
July 1, 1900
Jau. 5,
Aug. 1,
July 1,
April 1,
1882
1885
1889
1910
Feb. 1, 1883
1898
July 1. 1891
July 1, 1891
July 1. 1903
Oct. 1, 1912
May 1. 1915
April 1, 1921
Harrisburg Portsmouth Mount Jog d Lancaster.—Doc. 31, 1890,
from Dillerville, lht., to Harrisburg. Pa., 36 miles; branoh,
Middletown, Pa., to Columbia, Pa., 18 miles; total operated, 54 miles.
owned
property was leased to the Pennsylvania Railroad Co. for 999
7 per cent on the stock and
of main lino of Penn. RR. j
The
years from Jan. 1, 1801, the rental being
interest on the bonds. Operated as a part
Harrisburg d: Potomac.—Dec. 31,1880. owned from Bowmansdale to
Jacksonville, Pa., 25 miles; branch to mines, 2 miles; total-operated, 27
Extensions are projected to Waynesboro and to Littlostown.
miles.
Road opened through in 1878. Bonds authorized, $1,800,000. Stock
is $309,175. C. W.Ahl, President. Nowville, Pa. (V. 31, p. 052.)
Hartford d Connecticut Valley.—Sept. 30,1880, owned from Hartford,
Ct., to Fenwick, Ct., 46 miles. Opened in 1871 and 1872. In hands of
trustees of first mortgage for some time, aud reorganization made in
Fob., 18S0, as tho Hartford & Conn. Valley, with stock of $1,200,000
authorized and bonds of $500,090. (V. 28, p. 41; V. 30, p. 116, 144;
V. 31,1>. 652.)
Hartfrrd d Western Connecticut.—Sept. 30. 1880, the Connecticut
Western owned from Hartford, Conn., to New York State Line, 67 miles;
leased 2 miles; total operated, 69 miles. Gross earnings in 1879-80,
$238,810; net, $15,563. Capital stock, $1,890,100. Permanent property
$5,042,785. No bond interost has been paid since Jail. 1,1876. Foreclo¬
sure suit begun in
1880, and the State Treasurer took possession. On
May 25, 1881, bondholders ro-organlzed. and stock in new company is
issued for bonds. (V. 30, p. 192, 465; V. 31, p. 509; V. 32, p. 577; V. 33,
p. 23, 73, 153.)
Housntonic—Sept. 30,1880, owned from Bridgeport. Conn., to State
Line, Mass., 74 miles; leased- Berkshire Railroad, 22 miles; West Stockbridge RR., Smiles; Stockbridgo Si Pittsfield RR., 22 miles; New York
Hour. & Northern RR., to Danbury,Conn., 6 miles; total, 127 miles. The
preferred 8 per cent stock was issued iu 1845 to pay for laying the road
with heavy iron. The company lias voted to issue $700,000 of 5 per
cent bonds to take up $400,000 prior bonds, and to lay steel rails.
The
road docs a sternly business, as may bo seen from the following state¬
ment of its operations and earnings for five years past:
Passenger
Freight (ton)
Mileage.
Mileage.
Miles.
Years.
14,557,208
6,057,566
5,869,968
11,658,923
11,528,000
6,162,592
12,741,554
6,340,830
17,890,190
7,325,660
-(V. 30, p. 273, 464, 500; V. 33, p. 559.)
1875-6....
1876-7....
1877-8....
1878-9....
1879-80
...
126
126
126
126
126
Net
Gross
Div. %
Earnings. Earnings. Pref
8
$655,236 $238,413
8
223,989
588,166
569,198
598,335
740,997
208,253
2 48,420
247,283
8
8
8
Houston East d West Texas— Doc. 31,1880, owned from Houston, Tex.,
to Livingston, Tex., 70 miles. (Narrow guage, 3 feet.) It is intended to
build to Marshall. Tho company has a Texas laud grant of 10,240
acres for eaoh mile constructed aud equipped. Bonds issued to the extent
of $7,000 p. m. Paul Bremond, Prost., Houston.
(V. 30, p. 407, 544.)
Houston d Texas Central.— April 30,1880. owned from Houston. Tex.,
to Denison, Tex., 341 miles; branches—Hempstead, Tex., to Austin,
Tex.. 115 miles;
Bremond, Tex., to Ross, Tex., 54 miles;
Texas Central Railroad, Ross to Morgan, 43 miles; total
miles. Opened Maroh 11,1873. The Austin Branch, or
operated—
operated. 553
Western Div.,
The company has a laud grant from the State of
Texas of 10,240 acres per mile, amounting to about 5,130,720 acres;
but the lands, as in the case of other Texas roads, are not on the line
of the road, and much of tho land will be made available, it is reported,
by the construction of tho Texas & Pacific liue. The capital stock is
$7,722,900. Iu 1877 the company was embarrassed and application
was made for a Receiver; but tho difficulties were adjusted by tho issue
Preferred.
of income and indemnity bonds (paid off July, 1881), and Mr. Morgan,
1881.
18 SO.
of the Louisiana 88. Line, bought a controlling interost in tlio stock.
110 -100% The
72%- 64
general mortgage of 1881 for $18,500,000 is made to tho Farmers*
76
107%- 9 4
69%
Loan & Trust Co. us trustee. Last report of earnings gave the following:
75
09%
105%- 90
Gross Eam’gs.
Not Earn’gs.
105 -100
73%- 65
$1,733,677
1880
$3,741,000
72 %- 63%
316 -104
3.205.684
1,431,913
1879
75
67
316%-112
1878
1,168,957
2,920,996
118-x 107%
x73%> 6S%
No other annual statement has been published, aud the following is
117%-111%
8G%- 71%
121 -112
the general balance December 31, 1880:
80%- 79
317 -111%
90%- 80%
GENERAL BALANCE, DECEMBER 31, 1880.
114%-109
94%- 80%
Construction
&
$7,726,900
equip. $24,058,521 Capital stock
105
91
was
opened in 1871.
-
-
50%- 40%
Earnings and operations for four years have been as follows;
Passenger
Freight (ton)
Gross
Net
icars.
Miles.
Mileage,
Mileage.
Earnings. Earnings
292
15,639,73 8
80,764,682
3,931,365
795,479
292
19,108.076
100,012,716
2,045,450
780,355
1879...
292
773,983
21,545,308
111.987,174
1,987,405
J880
292
19,925.041
120,665,740
2 501,390 1,256,800
“(V. 32, p. 15,100,145, 310, 420, C58; V. 33, p. 73, 298, 303, 687.)
Payable
3,840,000
100
100
1806
1870
When
Cent.
pal, When Due.
5,000,000
1.000
1,000
1,000
1,000
Rate per
4,000,000
2.957,000
1,043,000
1,600,0001
3,781,000
1,000
1,000
1,000
171 utiles;
is owned jointly with tlio Central Railroad
& Augusta Railroad, 76 miles, is owned by
Outstanding
1,000
292
15
53
54
54
28
Hartford d Connecticut Valleg—Stock
Hartford d Western Connecticut—1st mortgage
Amount
1,000
292
Harrisburg d Potomac— 1st mortgage, coupon
or
Par
Value.
77&80
1867
....
Botuls—Princi¬
INTEREST OR DIVIDENDS.
Size,
$4,200,000
327,000
2,000,000
219
219
329
292
1st mortgage
immediate notice of any error discovered In tbese Tables*
$100
....
XXXI
-
Real estate
State lands
378,044 Pay-rolls, vouchors,ifcc.
213,560 I Surplus
330,030
340,346
Materials and supplies
Bills receiv. and cash.
Current accounts
$32,029,457
-(V. 31, p. 328, 349, 672;
401.)
15,234,500
292,786
558,981
Sundry securities
Total
Funded debt
State school fuud loan
Bills payable
Interest accrued
983,176
5,496,82 ;
V. 32,
Total
p. 414,488, 578,-612,
1,731,045
90,010
6,615,184
$32,029,457
635; V. 33, p.
STOCKS AND
RAILROAD
xxxii
8alwertb«rt will conifer
a
on
fVou XXXIII.
groat favor by giving Immediate notice of any error discovered In these Table*.
DESCRIPTION.
For explanation
BONDS.
Miles
Date
of
of
Road. Bonds
of column heading**, Ac., see note*
first page of tables.
Bonds—Prinei
)al,When Due.
Rate per When Where Payable, and by Stocks—Last
Outstanding
Whom.
Cent.
Dividend.
Payable
INTEREST OR DIVIDENDS.
Size,
or
Par
-
Amount
Value.
\
58
58
58
Huntingdon d Broad Top—1st mort., gold
2d mortgage, gold
3d mortgage ,consolidated
1854
$500
1857
1865
500
1,320
| 700
Mortgage bonds, sterling
Sterling bonds, (sinking fund £20,000 yearly) — 1 706
706
Mortgage, sterling
111
Bonds, coup. ($2,000,000) M. onCli. A Sp. RR
101
Bonds, reg. ($200,000), mort. on Middle Div
147
Illinois Midland— 1st mortgage, gold
542
Indiana Bloomington & West.—Stock
202
let mort., pref., coup, or reg
202
let mortgage, coup., may be reg
Illinois Central—Stock
100
£200
£200
£200
1875
1874
1875
1877
1878
1875
187-90
367,500
1,403,000
29,000,0(H)
2,500,000
4,200,000
1,000,000
1,600,000
1,000
....
1.0(h)
Indianapolis Decatur d Springfield—1st mort., gold
2d mortgage, gold
Ind. d Evansv.—1st M., gold (for $3,380,000), $ & £
Indianapolis <6 SI Louis—1st mort., in 3 series
2d
....
72
72
72
117
117
mortgage
Equipment bonds
Indianapolis d Vincennes— 1st mortgage,
guar
2d mortgage, guaranteed
love a Falls d Sioux Citg—Stock
1st mortgage. April 1, ’GO
Ithaca Auburn d West.—2nd M. (income for 3 yrs)..
184
27
54
54
9
38
Jacksonville Southeast.—Stock
let mortgage bonds
Jefferson (Fa.)—1st & 2d morts. (Hawley Branch)..
1st mortgage (Susquehanna to Carbondale).
1867
1870
100
100 Ac.
500 Ac.
100 Ac.
500 Ac.
1,000
1,000
1 .ooo
500
1,000
1,000
1,000
500 Ac.
1,000
100
500 Ac.
100 Ac.
1869
1877
....
....
1880
1867
1,000
1,000
1869
1.000
Huntingdon d Broad Top— Dec. 31,1880, owned from Huntingdon,
Pa., to Mt. Dallas, Pa., 45 miles; branches—Shoup’s Run, 9 miles; Sixmile Run, 5 miles; and Sandy Run, 3 miles; total operated, 62 miles.
This road was opened in July, 1856. The capital stock is $929,900 com¬
mon and
$1,197,200 7 per cent preferred stock. Interest in default on
the consolidated mortgage bonds was funded into stock, including April,
1881, coupon, and interest, to be resumed at 5 instead of 7. Earnings
m 1880, $3 L2,491; net, $167,313.
(V. 30, p. 163; V. 32, p. 155, 363.)
Illinois Central.—Dec. 31,1880, mileage was as follows :
Leased—
Main line— *
Miles.
Miles
143
365 Dubuque to Iowa Falls
Chicago to Cairo
Dunleith to Centralia
341 Iowa Falls to Siouy City
183
Branches—
Otto to Colfax and Minonk...
Gilman to Springfield
101
Total owned
918
Ill
Waterloo to
Line
Minnesota” State
76
Total leased
Total operated
402
Dec. 31, 1880.1,320
This company was organized in March, 1851, and the whole road
opened September, 1855.
The terms of the leased lines in Iowa are
oven under the names of those companies.
The general mortgage of
1874 provides for all bonds outstanding. It is limited to $15,000,000.
was one of the first, and has been one of the most sucoeesf ul, of the land grant roads. The company has acquired a controlling
interest in the Chic. St. Louis A N. O. RR. to which it has made large
The Illinois Cent,
advances, and owns $6,670,000 of the stock. The Chicago A Springfield RR. was a reorganization of the Gilman Clinton A Springfield
in 1877, and is leased to the Illinois Central and virtually owned by it.
The annual report for 1880 says: “ Tne gross earnings for the past year
The tonnage has largely
Increased. The gain in net was $282,091. Total net revenue,$3,747,533.”
From this sum, besides paying interest on debt and dividends on shares,
permanent improvements were made to the extent of $842,323. There
was still a balance from the year’s operations of $501,641. The Board has
decided to enter into a plan reducing the fixed interest charge on the
New Orleans line, and offering to holders of all classes of bonds thereon
a new 5 per cent bond, to be dated the 15th of June next, and made
payable in 1951. Income for four years as follows:
were
$8,304,811, against $7,234,464 for 1879.
1873.
1877.
1879.
1880.
Rent’lspd.onIa.line8
587,913
616,330
$
4,423,545
$
615,830
Interest on debt
Taxes
Dividends
Construction in III..
582,900
669,350
669,484
672,600
382,927
1,160,000
392,190
1,740,000
73,604
38,728
395,011
1,740,000
386,016
1,740,000
842,323
$
3,625,537
Total income
Disbursements—
$
4,164,074
$
$
Miscellaneous
48,000
•
$
4,909,391
$
709,702
6 g.
5 g.
5 g.
6
6
7 g.
4,175,000
8,500,000
600,000
3,500,000
137,300
1.500,000
3,000,000
76098781
202
202
140
152
152
Income bonds, reg., convertible
2d mortgage, coupon or reg
1st mortgage, gold, Eastern Division
3^
260,000
1,000
1879
1879
1879
1879
1881
1881
1881
1881
1869
1870
1871
7 g.
7 g.
$11G,000
7
3 to
6
3 to
6
6
0
1,800,000
1,000,000
1,100,000
500,000
300
v
00
2,000,100
Earnings in 1879-30 $323,096; expenses, $307,469. In
1880-81, gross receipts, $385.615; expenses, $395,391. L. Genis, Pres,
and Receiver, Terre Haute, Ind. (V. 32, p. 636 ; V. 33, p. 124.)
Indiana Bloomington & Western.—This was a consolidation in March,
1881, of the Ind. B. A W. and the Ohio Ind. & Pacific. The I. B. & W.
owned from Indianapolis. Ind., to Pekin, Ill., 202 miles; track used
on rental, Pekin to Peoria. 10 miles; total, 212 miles.
The company
put under construction its Eastern Division from Indianapolis to Springfield, Ohio, 140 miles. The Cincinnati Sandusky A Cleve. was leased
April. 1881—Sandusky to Dayton, 154 miles; branch, Carey to Findlay,
16 miles. But of this, 24 miles (Springfield, O., to Dayton) is leased to
Cineinnati and Springfield, leaving but 146 miles; also with it the
Oolumbus Springfield A Cincinnati road, Springfield to Columbus, 44
jcuiles ; total, 190 miles. Total operated 402 miles, and 140 building. In
December, 1881, leased the Indianapolis Decatur & Springfield road,
11, 1875.
guaranteeing $200,000
The former
per year.
Indianapolis Bloomington A Western Company defaulted
Oet. 1,1874, aud a Receiver was appointed Dec. 1, 1874. The road was
sold in foreclosure Oct. 30,1878, and the company reorganized. Interest
is on the first mortgage bonds 3 per eent per annum for the first three
years, 4 per cent for tne succeeding two years, 5 per cent for the suc¬
ceeding three years, and then 6 per cent until maturity. The mortgage,
by its terms, cannot be foreclosed for non-payment of interest until
January 1,1884. The secoud mortgage bonds bear 3 per cent per annum
interest for the first three years, 4 per cent for the succeeding two years,
5 per cent for the succeeding three years, and 6 per cent thereafter
until maturity. The income bonds take such interest from July 1, 1879,
not exceeding 6 per cent per annum, as the net ea~iiiug8 may sullice to
pay. $830,000 stock scrip was issued entitled to a dividend or 7 per cent,
per annum, after a dividend of 8 )>er eent on the common stock. ADter
the payment of a 7 per cent dividend, the stock scrip is convertible into
common stock.
Earnings and expenses in 1880 were as follows:
g.
A J.
A J.
A D.
A. A O.
J. A .1.
A. A O.
Various
A. A O.
J. A J.
F. A A.
M. A N.
New
1, 1905
1. 1398
Jan.
1, 1905
April 1, 1919
April 1, 1909
June 1, 1921
York, Co.'s Office.
7
7
do
do
London and New York.
N. Y., Union Trust Co.
do
do
do
do
N. Y., Farm. L. A T. Co.
do
do
Boston.
Q.-M.
A. A O. N. Y., Nat. Park Bank.
J. A J. N. Y. City, Treas. Office.
6
7
7
J. A J.
J. A J. Honesdale Nat. Bank.
J. A J. N. Y., by Erie Railroad.
g-
April 1,
July 1,
April 1,
July 1,
Oct, 1,
July 1,
1921
1911
1911
1910
1900
1881
1908
1900
Deo. 1, 1831
Oct. 1. 1917
Jan. 1, 190*
July 1, 1910
1887 & 1889
Jam 1, 1889
$1,196,410
669,053
$527,363
Net earnings
Interest charges
$192,000
90,000— 282,000
Six per cent on income bonds
Net surplus
$245,363
Earnings for two years ending Juno 30,1878-9 and 1879-80, were;
Years.
Miles.
Gross Earn’gs.
NetEarn'gs.
$1,085,938
202
202
,
$375,700
491.086
1,186,347
—(V. 31, p. 380,405, 535; V. 32, p. 15,
Y. 33, p. 468, 527, 611, 716.)
69,100,155,313,335, 444,468;
Indianapolis Decatur d Springfield.—August 31, 1881, owned from
Decatur, uL, to Indianapolis. Ind.. 153 miles. This company is successor
to the Indiana A Illinois Central Railroad. In Dec., 1891, was leased to
Indianapolis Bloomington & W. for 50 years, at 30 per cent of gross
earnings, but with a guarantee of $200,000 per year. A new adjustment
proposed in April, 1881 (see Y. 32, p. 501, V. 33, p. 303), w;js carried
out in November, and tlie above 2d mortg. bonds issued, aud $2,850,000
of 7 per cent pref. stock. Common stock
in 1879-80, $339,850; net, $142,684. In
is $500,000.
Gross earnings
1880-81 gross, $491,487 ; net.
$159,178. (V. 31, p. 427; V. 32, p. 500, 636; V. 33, p. 303,
588, 641, 687.;
358, 440,
Indianapolis d Evatisvillc.—In progress Indianapolis to Evansville.
London May, 1881. R. G. Hervey, President, Evans¬
ville, Ind.
Bonds issued in
Indianapolis d St. Tjouis.—Dec. 31,1880, owned from Indianapolis to
Ind., 72 miles; leased line, St. L. A. & T. H, 189 miles, and
branches, 6 miles; total operated, 267 miles. The lease of the St. L. A.
AT. II. was guaranteed by three other companies, and suit has been
Terre Haute,
pending as to the rental.
The o ompany is controlled by the Pennsyl¬
vania Company, wliich owns tlie st* ck of $600,000, in connection with
the Cleve. CoL Cin. & Ind. Of theti rst mortgage bonds series “A” are J.
& J.; series “B,” M. & S.; series ”C,” M. & N. Interest has not been
paid on the second mortgage and equipment bonds since April, 1878.
Operations aud earnings for nve yea.-, past were as follows:
Miles.
Years.
Passengei
Mileage.
265 ’ 10,889,483
266
8,211,025
266
10,865,239
266
12,209,092
266
15,285,443
Total disbursem’ts.
This was a consolidation Nov. 4, 1874. of the Peoria Atlanta A Decatur,
Paris A Deoatur and Paris & Terre Haute. Receiver appointed Sept.
Jan. 1, 1900
April 1, 1909
do
do
do
do
do
do
do
do
Dee.
Jan.
earnings
Operating expenses .taxes and rentals
41,944
...
N.Y.,Coihin Bank’gCo.
April 1, 1805
April 1, 1903
Gross
444.125
2,835,434
3,493,542
3,806,341
4,407,750
Balance, surplus
790,103
665.532
617,204
501.641
—(V. 29, p. 301; V. 30, p. 91, 218 ; V. 32, p. 155, 229; V. 33, p. 357,
641.)
Illinois Midland—June 30. 1881, operated from Terre Haute, Ind., to
Peoria, Ill., 176 miles, of which 148 miles are owned and 28 miles leased.
A J.
J.
J.
J.
6
1 *2
1,000.000
200,000
J.
r
G
7
7
8
7
1,700.000
1,450,000
4,623,500
2,947,500
498,000
1. 1890
1. 1895
April 1, 1895
Sept. 1. 1881
A. A O.
G g.
2,000,000
906,000
A O.
Philadelphia, Ofhoe.
do
A A.
do
do
do
A O.
N. Y., Treas.’ Oiliee.
A F.
Loudon.
AO.
A O. London,Morton R.A Co.
do
do
A D.
N. Y., Treas.’ Office.
A J.
do
(lo
A A.
A J.
6
g.
Oct.
Feb.
A.
F.
A.
M.
A.
A.
J.
J.
F.
J.
eight (ton)
Mileage.
100,902,991
92,684,115
85,300,579
102.630,114
148,947,237
Gross
Earnings.
Net
Earnings.
$1,657,863
$431,645
1,385,874
1,347,246
1,493,876
2,009,922
477382
315,115
491,149
608.413
-(V. 29, p. 95; V. 31, p. 405.)
Indianapolis d Vincennes.—Dec. 31. 1880, owned from Indianapolis,
Ind., to Vincennes, Ind., 117 miles. The Pennsylvania Company owiisu
controlling interest in the stock and operates the road, advancing the
deficiency to pay interest on the bonds. The capital stock is $1,402,000.
In 1880 the earnings were $57,416; in 1879,
Annual interest on debt amounts to $206,000.
$64,025; in 1878, $5,849.
(V. 28, p. 18, 377.)
Falls, la.
and
Iowa Falls d Sioux City.—June 30,1881, owned from Iowa
to Sioux City, la., 184 'miles. This road was opened in 1870
is
leased to tho Illinois Central for 20 years from Oet. 1,1867, at a rental
of 36 per cent of the gross earnings.
This company
receives a
drawback of 10 per ot. on business to and from their line over
6 S. City RR., and receives rental for 26 miles of its road
Sioux City & St. Paul Co. In the year ending Maroli 31, 1581,
rental was $235.408; receipts from sales of lands, $365,300; the
income was $612,060. Lands remaining unsold, 261.149 acres.
Williams is President, Clinton, la. (V. 32, p. 16, 636.)
also
the Dm*.
used by the
the total
total
Horace
Ithaca Auburn d Western—Dec. 31,1880, owned from Freevillo to
Mapleton, N. Y., 32 miles. The N.Y. A Oswego Midland RR., Western
Extension, was sold in foreclosure, and this company organized Sept.
20, 1876, as the successor. The stock is $970,000, and there is a first
mortgage authorized of $500,000
which $200,000
bonds
are
for building to Auburn & Ithaca, of
H. K. Low. President, Middle-
to be issued.
town, N. Y.
Jacksonville Southeastern.—July 1.1881,
owned from
Jacksonville to
Litchfield, Ill., 54 miles. This was the Jaeksonv. Northw. & Southeast.
RR., projected from Jacksonville to Mt. Vernon, 125 miles,
IJonufl
were issued at $20,000 per mile, amounting to $600,000. Jn 1879 tho
reorganized by the bondholders under this name. In locu
23 miles and bonds for $200,000 Issued. In year
ending June 30, 1881, gross earnings, $83,000; net, $43,814.
company was
the road was
extended
Jefferson— Sept. 30.18S0, owned from Susquehanna Depot, Pa., to Carbondule. Pa., 37 miles; branch, Hawley, Pa., to Honesdale, Pa., 8 nuios;
total, 45 miles. Leased in perpetuity to tho Erie Railway at a rental oi
7 per eent on the bonds, and now operated by the N. Y. Lake Ene & wear.
Capital stock, $2,096,050. Edward Clymer, President, Reading, Pa.
December,
Subscribers will confer a
explanation of column
on
first page
headings, Ac., see notes
of tables.
Stock
do
2d mortgage
Size
Miles
Date
of
of
Road. Bonds
226
159
159
6
44
4L>
or
Amount
par
Outstanding
Value.
1,000
guar by M. C.
(Philadelphia).—1st mortgage
2d mortgage
Junction d
2d mortgage
Kansas Central—1st mortgage (for
Kansas City Fort Scott d Gulf—1st m. 1. gr. * t
Mortgage ou branches
Kansas City Lawrence J: Southern Kansas— 1st mort.
$2,400,000)
Western—1st mortgage
Sumner County RR.—1st mortgage
Kansas City Springfield d Memphis—1st mort
Kentucky Central—Stock
Southern Kansas <fc
2d mortgage
3d mortgage
'
45
Brcakicater—Funded debt (Del. St. loan)
•
.
149
KeskukdDes Moines— 1st M.t int.guar. C. R. I.
& P.
Lincoln— 1st mortgage
Knoxville d Ohio— 1st M. (payable at any time)
New bonds for $1,300,000
Knox d
38
•
•
2i
Lafayette Bloom. & Munoie, 1st mort., gold
do
do
iuoorne M. con. (non-cumul.)
Lake Ontario South ern— 1st mortgage, gold
Lake Shore & Michigan Southern—Stock
Guaranteed 10 per cent stock
Consol. 1st mort., (sink, fund, 1 per cent) coupon.
registered
Jeffersonv. Madison & Indianapolis—Dec.
•
365
165
Sandusky Extension, 1st mortgage .. J
do
do
income bonds
do
162
49
.
Lake Erie d Western—Stock
1st mortgage, gold
Ineome bonds convertible (not cumulative)
do
.
119
80
80
General mortgage (payable after 1880)
do
84
189
179
175
119
18
21
200
200
50
.
„
1877
1862
1,000
1,000
800,000
455,000
1865
1,000
300.000
1876
1879
1879
1880
1879
1880
1880
1881
....
1.000
1,000
1,000
500 Sec.
1,000
1.000
1,000
1853
1855
1881
1878
’69-’72
1876
•
•
•
•
233,000
1,000
4,589,000
2,750,000
2,335,750
m
100 See.
m
m
m
m
.
•
1879
1879
1880
1880
1879
1879
1880
1870
1870
1,000
1.815.000
1,000
1,000
1,485,000
1,150,014
1,246,333
1,338,565
Earnings.
$499,033
425,887
492,863
541,538
1,000
450,000
100
100
49,466,500
533,500
7
6*2
-(V. 28 p. 378 ; V. 32, p. 205.)
Jersey City d Bergen.—Dec. 31.1880 owned from Jersey City
Point, N. J., 6 miles.
In 1878 gross earnings were $224,817;
to Bergen
net, $80,In 1879 gross earnings were $228,758; net, $84,457. Stock is
$165,150. William Keeney, President, Jersey City. (V. 30, p. 566.)
421.
Joliet d Northern Indiana.—Dec. 31, 1830, owned from Joliet, Ill., to
Lake Station, Ind., 45 miles. Operated as part of the Michigan
main line. Road opened in 1854 and leased to the Mieh. Cent, at 8 per
cent on the bonds. The Mich. Cent, declined to pay 8 per cent, and the
above issue of bonds definitely guaranteed was given as a compromise.
Central
Junction
(Philadelphia).—Deo. 31,1880, owned from Belmont,
Pa., to
Gray’s Ferry, Pa., 3 6 miles It connects various lines coming into Phila¬
delphia. Capital stock, $250,000. Net earnings n 1878 were $87,963
Dividend, 14 per cent. (V. 31, p. 453 ; V. 32, p. 420.)
Junction <t Breakwater.—Doc. 31,1880, owned from Harrington to
Lewes, Del., 40 miles; branch to Rehoboth, 5 miles; total operated, 45
miles. Gross earnings, 1880, $75,281; net, $35,576. Stock is $305,000.
N. L. McCready, President, New York City.
Kansas Central.—May 1,1879, owned from Leavenworth to Garrison,
Kan., 119 miles. Sold under foreclosure of first mortgage April 14,1879.
Reorganized April, 1879. Stock, $504,000. L. T. Smith, President,
Leavenworth, Kan. (V. 32, p. 232.)
Kansas City Fort Scott <t Gulf— Dec. 31, 1880, mileage was as follows
Main line—Kansas City to Baxter Springs, 160 miles; branches—Union
Transit, i mile; Springfield to Ash Grove, 19miles; Weir City to Parsons
(!N. G.), 31 miles; total owned, 211 miles. Leased—Junction to Golden
Oity, 49 miles; Arcadia to Coal Mines, 2 miles; Baxter Springs to Joplin,
15 miles; Rich Hill Junction to Carbon Centro and Rich Hill, 28 miles;
total leased, 94 miles. Total operated, Dec. 31,1880, 305 miles.
This company was organized April 1, 1879. as successor to the
Missouri River Fort Scott & Gulf, which made default Ootcber 8,
1873, and was sold in foreclosure February 4, 1879. The stock is
$4,000,000 common and $2,750,000 8 per cent preferred. Four and
one-half per ct. paid Aug. 15.1881, on contracts for preferred stock. The
first mortgage bondholders of the old road took 80 per cent in the new
mortgage bonds, and for all other claims stock was issued. In May, 1880,
new bonds on branches were issued, as per circular, Y. 30, p. 465.
Total value of land assets, $899,862. Operations and earnings for three
years past have been as follows:
Net
Gross
Freight (ton)
Passenger
Earnings. Earning.
Mileage.
Mileage.
Years.
Miles.
$115,567
32,301,278 $833,83o
1878
160
5,203,933
332,811
895,864
35,972,107
1879
160
5,585,154
525,915
49,435,645 1,222,867
1880
305
8,819,638
—V. 30, p. 222, 463, 465; Y. 31, p. 122, 483, 588; V. 32, p. 231,
393 ; Y. 33, p. 74, 124, 153.)
Kansas City Lawrence <t Southern Kansas.—Dec. 31,1880, owned from
Lawrence, Kan., to Coffeyville (Endian Ter. Line), 144 miles; branches—
Ottawa Junction to Olathe, 32 miles; Cherry vale to Independence, 10
miles; South Kansas 6c Wost., 144 miles; Sumner County RR., 21 miles];
total, 351 miles. The K. C. L.& S. K. was formerly the Leav. Law. & Gal.
RR., which was sold in foreclosure Aug. 9, 1878, and purchased by bond¬
holders, and the present company organized May, 1879. In November,
1880, the consolidation of the three roads above named was made, and
the consolidated stock of $3,759,000 was purchased in the interest of
the Atchison Top. & S. Fe with the 5 per oent bonds of that company
((through its auxiliary corporation, the Kansas City Topeka Sc Western),
according to the terms of the circular
published in the Chronicle of
Nov. 27, 1880 (V. 31, p. 559). The present bonds cany 4 per cent
till 1882, 5 in 1882-3, and 6 thereafter. (V. 30, p. 384, 519, 543 ; V.
31, p, 381, 559; V. 32, p. 16; V. 33, p. 74.)
Kansas City Springfield, d Memphis.—This organization embraces
two corporations under the laws of Missouri and of Arkansas to
a
road from Springfield, Mo., to Memphis, Tenn., at an estimated
$5,600,000. The Kansas City Fort Scott & Gulf will
per
oent of gross earnings on business to or from the new road to pay
terest ou the bonds. Each holder of 50 shares K. City Ft. S. & G. stock
had the right to take $1,500 in stock of the new
for $1,500 in cash, with $2,000 of the bonds for $500 in cash—making
$3,500 for $2,000 cash. See V. 33, p. 153.
\
1,000
7
build
cost of
appropriate 15
in¬
Missouri corporation
7
7
6
6
6
<>
7
1
7
4 to 6
7
7
6
1
7
7
6
5
6
7
discovered In these Tables.
Bonds—Prtnoi-
9,206,000
Q.-F.
f ?
N. Y., Farm.
A. & 0.
J. & J.
Stock*—Last
Dividend.
Nov., 1881
L. & T. Co.
do
clo
do
do
Oot.
1, 1906
July 1, 1910
....
*J.
July 10,1907
July 1. 1882
April 1, 1900
& J. N. Y., Farm. L. & T. Co.
& J.
Philadelphia Ofiico.
do
do
Sc O.
& J. EiCwos, Del., Treasurer.
do
do
& A.
Sc O.
Office, 80 Broadway.
Sc J. Boat., Nat. Webster Bk.
Sc S.
do
do
Sc O. Boston. Nat. Union Bk.
do
do
& J.
do
& S
do
Boston.
Cincinnati.
M. & N.
M. Sc 8. N. Y., Bank of America.
do
do
.T. Sc D.
New York Agency.
J. Sc J.
A. Sc O. N. Y.,Fann. L. & T. Co.
J.
A
J.
F.
A.
).
M.
A.
J.
M.
1890
Feb., 1896
April 1,
1,
Sept. 1,
Apr. 1,
1909
1908
1910
1900
Jan. 1.
1910
June
Sept. 1. 1910
1921
....
May, 1881
March. 1883
June, 1885
July 1, 1911
1, 1923
1880-1902
Jau. 1, 1906
Oct.
Various Boat., IlideA L’tlierBk.
J. Sc J. N. Y., R. T. Wilsdn A Co.
....
....
6 g7
G
7
6 g.
7
6 g.
2
5
pal, When Due.
Where Payable and by
Waom.
Pay’ble
When
....
....
1,000,000
1,000
v-
7
600.000
2,500,000
1880, and
1^
7
327,000
1,000
1,000
1,000
follows: Div.
Cent.
<*)
7,700,000
•
....
Dividends were at the rate of 7 per cent per annum till May,
0 per cent afterward. Earnings for four years past were as
Net
Earnings.
500,000
500
•
31,1880, owned from Louis¬
$1,176,174
266.000
3,000,000
1.000
m
Jeffersonville, Ind., to New Albany, Ind., 6 miles; Shelby <fc Rush RR.,
Cambridge Extension, 21 miles; total operated, 224 miles.
The road was leased anew from January 1,1880, to the Pennsylvania
Company, the lessees to pay over all the net earnings to the J. M. & I.
Go. In 1881 the Penn. Company purchased $1,939,000 of the stock.
Miles
161
186
186
186
1,823,000
l.oou
m
20 miles;
Years.
2,910,000
5,500,000
792,000
m
ville, Ky., to Indianapolis, Ind., 110 miles; branches—Madison, Ind.. to
Columbus, Ind., 46 miles; Columbus, Ind., to Sheibyville, Ind., 24 miles;
Gross
400,000
250,000
501,000
3,056,900
2,033,000
•
1181
864
864
.
„
Rate per
$2,000,000
2,382,000
2,000,000
335,000
$100
1,000
1866
1870
781 187-90
Jersey City d Heryen—1st mortgage
Joliet d Northern Indiana—1st inert.,
Junction
IjLUtt
INTEREST OR DIVIDENDS.
Jeffersonville Madison d Indianapolis—$
Jeff.. Mad. & Ind., 1st M. (s. f. $15,000 per year).
do
BONDS.
great favor by giving Immediate notice of any error
DESCRIPTION.
For
STOCKS AND
RAILROAD
1881.]
F. Sc A. N. Y., Metropolitan
do
do
August.
New York City.
F. & A.
....
M. & N
Yearly.
A. & O.
Q.-F.
F. Sc A.
J. & J.
Q.-J.
Bk. Aug. 15. 1919
Aug. 15,
Aug. 1,
Aug. 1,
N. Y., Metropolitan Bk. May 1,
do
do
May 1,
N. Y., Union Trust Co. April 1,
N.Y.,Grand Cent.Oflice. Feb. 1.
do
do
Aug. 1.
July 1,
|
See page following.
£
1899
1919
1920
1919
1899
1910
1882
1881
1909
July 1. 1900
Kentucky Central.—April 30, 1881, owned from Covington, Ky., to Lex¬
ington, Ky., 99 miles, and Paris, Ky., to Maysville, Ky., 50 miles; total
operated, 149 miles. This was formerly the Covington Sc Lex. RR.,which
was foreclosed in 1859.
In 1875 the present company was formed, and
took possession May 1,1875. The Maysv. & Lex. RR. was taken Nov.
17,1876. In June, 1881, a minority or the stook was purchased by Mr.
C. P. Huntington of the Chesapeake <fe Ohio road, and an extension
from Paris to Livingston. Ky., 70 miles, will be made. Enough of the
general mortgage of 1881 is reserved to retire the prior bonds, Mid
there is an option in this mortgage to retire the bonds after five years.
The flsoal year now ends Deo. 31. Operations and earnings for three
years past were:
Not
Gross
Earnings.
Miles.
149
$553,389
608,029
149
1880(8 mos.).. 149
447,078
—(V. 30, p. 623; V. 32, p. 10, 120, 612,
716.)
Years.
-Divid’s, p.ct.-x
Com.
Pref.
6
Earnings.
>
$208,750
2
6
222.514
2
1
3
143,616
636; V. 33,
47, 100, 358,
Keokuk & Des Moines.—June 30, 1880, owned from Keokuk,
Des Moines, la., 162 miles. This was a reorganization, Jan.
the Des Moines Valley Eastern Div., sold in foreclosure Oot.
The property was leased for 45 years from Oct. 1,1878, to
la., t<*
1,1874, ef
17,1873.
the Chioaga
Rock Island <fc Pac. RR. on the terms following: that the lessee pay 25 per
cent of the gross earnings to this company, but guarantee the interest
(not the principal) on the present bonus. The stook is $1,524,600 of 8
per cent preferred and $2,600,400 of common, a majority of which la
held by tne lessee. In tho year 1878-9 gross earnings were $565,556.
in 1879-80, $639,788, leaving $22,447 over interest charges. A divi¬
dend of 13* per cent ou preferred stock was paid December, 1881. (▼.
31, p. 652.)
Knox d
Lincoln.—Sept. 30,1881, owned
from Bath, Me., to Rockland,
Me., 49 miles. Tho road was openod in Nov., 1871. In the year ending
Doc. 31,1880, the gross earnings were $123,584 and net earnings $49,104.
The stook is $354,580. On city and town bonds, interest is mostly paid
by the municipalities. John T. Berry, President, Rockland, Me.
32,
p.
(V.
356.)
Knoxville d Ohio— June 30, 1880, owned from Knoxville, Tenn., to
Carey ville, Tenn., 39 miles. This was formerly the Knoxville & Kentucky
RR., which was in default, to .the State of Kentucky and sold Oot. o,
1871. It is controlled by the East Tennessee Virginia & Georgia. Tho
stock is $1,080,100. Contract made for junction with Louisvillo St
Nashville. C. M. McGee, President, Knoxviilo, Tenn. (V. 31, p. 559#
606; V. 32, p. 16. 335; V. 33, p. 74.)
Lake Erie d Western— June 30. 1881, owned from Sandusky to
Fremont, 22 miles; Fremont to Gel in a, 99 miles; branch to Minster, 9
milef; Celina to Muncie, 5 miles; Muncie to Illinois State line, 120 miles:
milea.
Bloomington St
Illinois State lino to Bloomington, 81 miles; total operated, 383
This was a consolidation, Dec. 12,1879, of the Lafayette
Muncie and tho Lake Erie & Western, on the basis following: The consol¬
idated company to assume all the debts, issue
for tho Eric & Western stock, and issue four shares of its
share of tho Lafayette Bloomington & Muncie
em¬
braces the former Lafayette Bloomington &
Lake Erie & Louisville.
Gross carnmgs 1879-80,
its stock share for fharo
stock for eaoh
stock. The line
Mississippi road and tha
$1,056,560; net,
$1,411,776 ; net, $310,574. (V, 32, p. 16,
$253,884. In 1880-81, gross.
70,100, 183; V. 33, p. 358, 501.)
Lake Ontario Southern.to Stanley, N. Y., 34 miles.
,
Sept. 30,1880, owned from Sodus Point, N.Y.,
This company was a consolidation, Deo. 2,
1879, of the Ontario South and the Geneva Hornellsvillo & Pin© Creek
The lino is from Sodus Point, N. Y., to West Branch, Potter
is
County, Pa., 155 miles, of which 34 miles are in operation. The
railroads.
stock
$2,800,000, and bonds for $3,000,000 issued at $20,000 per mile of com¬
pleted road. Gross earnings in 1880, $22,016.
E. B. Pottle, President*
Naples, N. Y. (V. 30, p. 434, 466; V. 33, p. 412.)
Buffalo.
Other lines
Lake Shore d Michigan Southern.—Dec. 31,1880. owned from
N.Y., to Chicago, Ill., 540 miles; branohes owned, 324 miles.
owned as follows: Detroit Monroe & Toledo, 62 miles; Kalamazoo St
White Pigeon, 37 miles; Northern Central (Mich.), 61 miles; total, 160
Allegan & Gr. Rapi<tat
Mahoning Coal R., 43 miles;
total, 152 miles. Total road owned, leased, and operated, 1,177 miles.
This company was a consolidation of tho Lake Shore Railroad end
Miohigau Southern & Northern Indiana Railroad May 27,1869, and the
Buffalo & Erie Railroad August 16, 1869.
The consolidated line em¬
braces the former roads of the Cleveland & Toledo and the Cleveland.
Paines ville & Ashtabula railroads. Of the guaranteed stock, the claim
for dividends between 1857 and 1863 has been settled on $360,600.
leaving $172,900 still unsettled. This company controls Chic. & Can. 8o.
The brief income account for 1881 in tho Chronicle, V. 33. p. 716.
showed a surplus applioablo to dividends of $3,974,000 in 1881 against
$5 530 982 in 18So]
The last annual roport is published in V. 32, p. 497, containing the
tables below, showing the operations and the earnings of the road for
miles. Roans leased are as follows: Kalamazoo
58 miles; Jamestown & Franklin, 51 miles;
a
scries of years :
-
RAILROAD
xaav
SabMriben will confer
on
column headings, Ac., see notes
of tables.
first page
Miles
Date Size, or'
of
of
Par
Road. Bonds Value.
Lake Shore <£ Michigan Southern—(Continued)—
Consol. 2d mort., do. (for $‘25,000,000) coup. A reg.
864
1873
451
95
162
162
88
8*5
88
62
37
12
13
58
1872
1855
1867
1855
1866
1862
1866
1868
1876
I860'
1867
1867
1868
Income
bonds, ooupon or registered
1st mortgage, sinking fund, M. S. & N. I
'..
3d mortgage (O., P. A A. RR.) registered bonds..
1st mortgage (C. & Tol. RR.) sinking fund
2d mortgage
do
Buffalo A State line, mortgage bonds
do
do
Buffalo A Erie, mortgage bonds
l>et. Monroe A Tol., 1st mort., coup., guar
Kalamazoo & White Pigeon, 1st mortgage
Sehooleraft A Three Rivers. 1st mortgage
Kalamazoo & Schoolcraft, 1st mortgage
Kalamazoo, Allegan A Gr. Rapids, 1st mortgage
Km. Allegan A Gr. Rapids, stock, 0 per ct.guar..
Jamestown A Franklin, 1st mortgage
do
do
2d mortgage
Latere me—Stock
hi
51
1
17
41
25
301
101
101
232
60
Lehigh <£ Lackawanna—1st A 2d mortgages
Lehigh Valley—Stock ($100,300 is pref.).
1st mortgage, coupon and registered
2d mortgage, registered
Consol, mort., gold, $ A £ (s. fd. 2 p.e. v’ly) op. A rex.
Easton A Amboy. 1st mort., guar.(for $6.0jO,000)
Delano Land Company bonds, endorsed
Little Miami—Stock, common
-
84
Street eon. 1st M. bds (jointly with Gin.& Iud.RR.)
Little Hock <£• Fori Smith—Hew stock
1st M., Id grit (1,083.000 aes) s.fd. (for $3,000,000)
Little Sock Miss. River c£* Texas— 1st mortgago
165
105
150
2,537,000
1,000
5,240,000
920,000
1,595,000
1,000
1,000
1,000
1,000
j"Receipts—
$
1878.
3879.
1,000
1863
1869
•
.
.
•
m
m
m
m
m
m-m
m'
1 ,000
7
1,000
860,000
600,000
r»
50
27,603,195
1^2
1,000
1,000
1,000
5,000,000
6,000,000
14.103,000
2,100,000
1.697,000
4,637,300
0
7
-
.
50
1,000
1,000
•
.
4,541,194
$
5,493,1GG
6,33(1,968
8,381,356
171,776
197,GG2
172,806
203,602
4,712,970
5,GOO,828
6,509,774
8,540,018
Disbursements—
$
$
Rentals paid
265,401
251,924
257,489
282,95G
Interest on debt
2.611.180
2,628,6-sO
2,616,955
2,622,730
Dividends, guar
(10) 53,350 (10) 53,350 (10) 53.350 (10) 53,350
Dividends, ordin’y
(2) 989,330 (4)1,978.60 > (*)3,215,322(8)3,957,320
Ashtabula accident..
495,722
77,909
60,128
Miscellaneous
4,378
‘
37,544
276.10G
Balance, surplus
300,530
680,261
1,623,662
...
4,712,970
5,690,828
or
1879.
There
was
added
or
to the
equipment account in either
equipment in 1879 700
freight oars, costing $300.000; in 1880. 1.500
$700,00 >, all oliarged to operating expenses.
The financial results of the ten years
condensed table:
Gross
Year.
Miles.
1871.. 1,074
1872.. 1.13G
1873.. 1,175
1874.. 1.175
1875.. l,i75
8,540,018
„
Nothing was charged to construction
1880
0,509,774
new
freight cars, costing
-
Interest, leases
Expenses.
Not
and dividends
Div.
Percent. Earnings, on Guar.Stock.
65*61 $5,113,643
$2,121,164
p. c.
8
8
4
Earnings.
17,699,935
66*90
70*90
65*01
72*96
19,414,509
17,146,131
14,434,199
13,919,177
Bonds—Prinei
pal,When Due
Where Payable, and by Stocks—Last
0 g.
5
7
2
G
G
J. &
A. &
M. A
A. A
J. A
A. A
J. &
M. A
A. A
F. -A
J. &
J. &
J. A
J. A
A. A
J. &
J. &
Whom.
D.
O.
N.
O.
J.
O.
J.
8.
O.
A.
J.
J.
Dividend.
Deo.
1, 1903
1, 1882
May 1, 1885
Oct.
Oct.
1,
1,
1,
1,
1,
1,
Jan. 1,
July 1,
July 1,
July 1,
Coupons
are paid by
Treasur'r at Grind
Central Depot, N.
Y.. and registered
interest by Union
Trust Company.
(
J.
J.
O.
J.
D.
I
Q.- J.
Pittsburg Otlice.
,
Cincinnati.
7
7
2,000,000
T.
&
1898
1906
1890
1887
1887
1888
1882
Aug.. 1895
July 1, 1911
Dee. 1, 1907
Jail. 15. 1882
June, 189S
Sept., 1910
1898 A 1923
1920
Jam, 1892
Dec.. 1881
M. AN. N. Y., Rank of America.
Various
N. Y. and Cincinnati.
4,096,135 10 stock.
2,623,500
1885
1886
1882
1886
Oct, 1. 1881
Var.to J’ly,’97
June 1, 1894
Jam.
F. A A. N. Y., Winslow, L. &C‘o.
J. A J
Now York.
J. A D.
Philadelphia.
U.—J.
Philadelphia, Oltice.
J. A I). Reg. at office, cp.B’kN.A
M. & 8. Pliila., Rank of N. Amor.
J. A T).
Philadelphia, Office,
M. & N.
do
do
J. & J.
do
do
Q.-M.
1, 1892
July
April
July
Sjspt.
April
Aug.
•May, 1883
1891
July 18, 1881
.T.
N.Y., Sheldon A Wadsw.
dan.
Boston.
Jau.
J. & J.
1, 1005
1, 1906
Wilkesbarre, 10 miles; also owns the Easton A Amboy RR.,Amboy,
N. J., to Pennsylvania Line, 60 miles; total operated, 308 miles. This is
one of the most important of the so-oidled “ coal roads,” and was able
to maintain moderate dividends during the past years of depression.
It is one of the peculiarities of the company's annual report that no
general biilance sheet is given. The earnings, expenses and income
account for the fiscal year ending Nov. 30,1880, were as follows :
Gross
From—
Coal
Freight
Passengers, Express A Mail.
Totals
1879
Net
Receipts.
Expenses.
Receipts.
$5,352,604
$>,480,316
$2,872,288
1,171,258
350,782
703,315
180.029
1,879,573
530,812
$7,762,990
$1,002,357
$3,700,633
2,996.981
2,935,344
Increase
$1,830,605
$1,005,376
$825,288
The income from all sources, including interest received from invest¬
ments, Ac., amounted to
$8,600,938
Operating expenses of the road
4.002,357
'
5,932,325
Net income
$4,598^580
Out of which there was paidinterest on Bonds
$1,630,112
Dividends—four per cent oil common and 10 on pref. stock... 1,108,757
General expense, interest on floating debt, taxes, loss on
Morris Canal and on coal operations
742,952
Amount charged to meet estimated accumulated depreeia'
tions
990.338
,
.
pasture shown by the following
Operating
$14,898,449
1876.. 1,177
1877.. 1,177
1878.. 1.177
new
7
150,000
•
1880.
$
o
1,500,000
500 Ac.
500 Ac.
1875
1876
3
7
7
329.000
1,000
1,000
1853
1864
7
7
7
7
7
7
7
7
7
7
7
8
8
8
1,000
Total income
Total
*68i per cent.
Payable
500,000
450,000
.
1868
1870
1873
1880
1872
$
When
Cent.
50
1,000
1865
1881
1877
.
Rate per
849,000
200,000
300,000
2,834,000
924,000
400,000
100,000
100,000
840,000
610,000
397,000
500 Ac.
INCOME ACCOUNT.
1877.
Outstanding
1,000
19*6
<lst mortgage
Net earnings
Interest and ilivid’ds.
[Vou XXXIII.
INTEREST OR DIVIDENDS.
Amount
1.000
,
Lehigh c6 Hu tson Hirer— 1st mortgage, gold
'
BONDS.
$1,000 $10,629,000
«)>»
1st mortgage
-
AND
great favor by giving immediate notice of any error'discovered In these Tables.
a
DESCRIPTION.
For explanation
STOCKS
5,80 ',409
13,505,159
68*01
66-37
5,667,911
5,993,760
3,902,698
4,374,341
4,541,193
13,979,766
60*70
5,493,165
2,201.459
2,654,560
3,008,193
2,810,294
2,759,989
2,775,657
2,718,792
1879.. 1,1*77
15,271,492
58*50
6.336,9«)8
2,75 4,988
14*80.. 1,177
18,749,461
55-56
2.750,374
8,331,356
The following condensed tables show the passenger and the
business in detail for the past six years, 1875-1830:
3^4
o
314
2
4
6 J2
8
freight
$1.472,101
Leaving
$126,418
to be carried to the credit of the profit and loss account. Operations and
earnings for five years past were as follows:
Mis. Freight,
Div.
Gross
Net
Passenger
Miles.
Years.
Mileage.
Mileage.
Earnings.* Earnings. p. ct.
9
1875-6.. 302 33,388,877
69,902,718 $7,049,047 $3,206,897
1876-7.. 301 16,657,39 7
5*2
86,712,311
6,488,037
3,325,215
1877-8.. 303 13,718,758 112,557,966
4
5,532,73.8
3,075,84 L
4
1878-9.. 303 15,092,571 150,540.605
2,935.3 1 4
5,932,325
1879-80. 303
4
/ 00)0o3
166.178,752
7,762,990
,
FREIGHT.
Tons
Year.
Tons.
one
mile.
Revenue.
$
1875.. 5,022,490
1876.. 5,635,167
1877..
1878..
5,513,398
6,098,445
1879.
7,541.294
1830.
8,350,336
943,236,161
1,133,834,828
1,080,005,561
1,310,407,821
1,733,423,4 40
1,851,166,018
9,639,038
9,405,629
9,476,608
10,048,952
11,288,200
11,077,2 94
--Per ton per mile.Cost.
Profit
Cent.
Cent,
Cent
1*010
•737
•273
•561
•817
•256
•86 1
•573
•291
*73 1
•474
•260
•63 1
•244
•398
-750
•435
•315
Receipts.
PASSENGERS.
Fasscngors
Passengers.
one
mile.
3,170,234
3,119,923
2,742,295
2,746,032
164,950,861
175,510,501
2,822,121
141,162,317
138,116,618
133,702,021
3,313,485
—Per passenger per mile.—
Cost.
Profit.
Cent.
Cent.
Cent.
$
1*735
2*378
•643
3,922,798
2*090
1*438
•652
3,60 4,1 48
2*319
1-539
•780
3,203,200
2*287
1*166
1-121
3,057,393
2*223
1*448
*775
3.138,003
2*135
1*341
•794
3,761.008
Revenue. Receipts.
*
Does not include
-(V. 28, p. 95
;
receipts from interest, Ac., which arc large.
V. 30, p. 91, 219 ; V. 32, p. 98. 183 ; V. 33, p. 588.)
Little Miami.—December
31,
1S80, owned from Cincinnati, 0., to
Springfield, O., 84 miles; branch, Xenia, O., to Dayton, O., 16 miles;
leased, Columbus A Xenia Railroad, Xenia to Columbus, O., 55 miles
Dayton A Western Railroad, Dayton, O..to Indiana State Line, 37 miles;
Ohio State Line to Richmond, Iud., 4 miles; total operaed, 196 miles. The
Little Miami Railroad proper extends from Cincinnati to Springfield, but
the portion between Xenia and Springfield is now operated as a branch;
for the remainder of the main line, as given above, the Col. A Xenia
road, Columbus to Xenia, is used. O11 Jan. 1,1865, they leased the Dayton A West. (Dayton to Ind. State line) and the Rich. A Miami (State line
to Richmond), and on Feb. 4, 1865, purchased the road from Xenia to
Dayton; these three roads go to form the branch of 57 miles given
above. The partnership agreement was dissolved November 30, 1868,
and a contract made by which the Columbus A Xenia road, including
its interest in the above-named branches, was leased to the Little Miami
lor 99 years.
On December 1, 1869, the Little Miami, with all its
branches, Ac., was leased to the Pittsburg Cincinnati A St. Louis Rail
road Company for 99 years, renewable forever.
The .Pennsylvania
Railroad Company is a party to the contract and guarantees its faith¬
176,148,717
V. 31. p. 20, 259, 672; V. 32, p. 183,478. 497,
679; Y. 33, p. 225, 321, 709, 716.)
LawrenceDec. 31, 1880, owned from Lawrence Junction, Pa., to ful execution. Road is uow operated
by Pennsylvania Company. Lease
Youngstown, O., 18 miles; branch from Canfield Junction to Coal Fields, rental is 8 per cent on capital stock, interest on debt and $5,000 per
annum
for
Little
Miami
O., 4 miles; total operated, 22 miles. The branch was built, by another
Company’s expenses of organization; the fulfil¬
company and merged in this company April 23, 1873. The Lawrence ment of the lessor’s lease obligation is also stipulated. In 1880 the net
Railroad was leased June 27, 1869, to Pittsburg Fort Wayne A Chicago income of the company was $686,375 ; interest and all charges, $668,RR. at 40 per cent on gross earnings, with $15,000 per year guaranteed 003; surplus Jau. 1, 1881, $135,032. Net loss to lessee, $160,512 in
as a minimum. Lease has been transferred to
Pennsylvania Co., by wbicli -1880, against $182,477 in 1879. (V. 30, p.382; V. 32, p. 155,498.)
the road is now operated, linking fund has $26,000 bonds, deducted in
Little Rock cf- Fort Smith.— Dec. 31, 1880. owned from Little Rock, Ark.,
amount of bonds given above. Gross earnings in 1880, $la5,333; uet
to Fort Smith, 165 miles; branches, 3 miles; total, 168. In Dee., 1874,
earnings, $81,002; rental received from lessee, $74,133.
the property (thou 100 miles), including the land grant, was sold in
Lehigh <£ Hudson River.—This road is in progress from Warwick Val¬ foreclosure. This company afterwards built 65 miles, and opened the
ley road to Belvidere, N. J.,41 miles. Bonds offered by Sheldon A Wads road to Fort Smith
July 1, 1876. Six coupons of July, 1876, and after
worth, New York, August, 1881. (V. 33, p. 201.)
were funded into 7 per cent notes ($560,100).
I11 the year 1880 the
Lehigh <f* Lackawanna.—Dec. 31, 1879, owned from Bethlehem, Fa., gross earnings were $510,287 and net earnings * $252,459. The land
to Wind Gap, Pa., 25 miles. This coal road was opened in 1867. It is grant is 818,604 acres unsold, and in 1880 73,590 acres were sold at an
leased to the Leliigh Coal A Nav. Co., and operated by Central RR. of average price of $3 92 per acre. (V. 30, p. 17, 43, 192, 384; V. 31, p.
New Jersey. Of the above bombs, $100,000 are a first mortgage, and 305; V. 32, p. 467.)
the $500,000 second mortgage are income bonds. Capital stock, $375,Little Rock Mississippi River
Texas—Dec. 31, 1880, owned from
100. Gross earnings in 1880 $43,753; not earnings, $11,560.
Little Rock to Arkansas City, 114 miles; Arkansas City to Monticello,
Lehigh Valley—Nov. 30. 1880, owned from Phillipsburg (Pa. Line), N. 42 miles; Little Rock to Rob Roy, 4 miles; total, 160 miles. This com¬
J., to Wilkesbarre, Pa., 101 miles; branches—Penn llaven to Audenried, pany was a reorganization of the Little Rock Pino Bluff A New Orleans
18 miles; Hazle Creek Bridge to Tomhieken (and branches), 32 miles ; Railroad and tho Mississippi Ouachita A Red River Railroad.
Both
Lumber Yard to Milnesville (and branches), 18 miles; Black Creek Junc¬ those companies received land grants and State aid bonds. The stock
tion to Mt. Carmel (and branches), 61 miles; Slatedale branch, 3 miles ; is $2,606,000. Elislia
(V. 30, p. 169
Atkins, President, Boston, Mass.
Bear Greek Junction to Bear Creek, 5 miles; Lackawanna Junction to V. 33, p.201.)
—V; 30, p. 478. 490;
•
1881. J
December,
Subscribers will confer a
great favor bjr giving
DESCRIPTION.
Miles
-
a
on
Litlle
Schuylkill—SJock
1st mortgage,
Ztong
tables.
first page of
extended 1877
sinking l’urul,
Inland—Stock
mortgage, extension
.
mortgage, Gleneovc Br
mortgage, main
2d mort. for floating debt ($1,500,000)
Consol, mortgage (for $5,000,000)
Newtown & Flushing, guar
New York A Iiockaway, guar. hit. only
Smithtown A Port Jefferson
Atlantic Ave. improvement certs.
1st
1st
1st
Outstanding
31
$50
$2,646,100
31
1,000
95
156
.
'pal.Whon Dus.
Amount
Par
Value.
1877
320
.
Immediate notice of any
error discovered In tliese Tables*
I Bonds—Prinofr*
INTEREST OR DIVIDENDS.
Size, or
Date
of
of
Road. Bonds
4
10
19
500
500
100 Ac.
....
500
500
500
1,000
Income
Los Angelos
27
175
175
mortgage
Louise.Cin. <tI.ex.—Louisv. (tin. A Lex., 1st mort
<£• Sun Diego—1st
Mortgage, coupon, for $1,000,000
General mortgage, for $7,000,000
840
General mortgage, gold, coup, or reg
Louisville loan, main stem (uo mortgage)
Lebanon
do
extension, Louisville loan
172
46
392
392
130
83
115
Lcbanon-Knoxville mortgage
Cecilian Branch, 1st mortgage
Consolidated 1st mortgage for $8,000,000
2d mortgage bonds, gold, coup
Memphis & Ohio, 1st mort., sterling, guar
Memphis A Clarksville br.. 1st mort., sterling
Mold, on Ev. lien. A N., gold
111
A Mobile RR
Sink.fd.lKis.'seeu’d by ple’geof 2d M.S.&N.Ala.RR.
Pensacola Div., 1st
T
T
V
216
St.L.RK.,eoup.or reg.
1st M., gold, on Southeast.*
2d mortgage, gold,
do
1880
1,000
2J 0
coup
45
mort
Little Schuylkill.—Nov. 30, 1879, owned from
Catawissa ItR. Junction, 28 miles; branches,
31 miles. The East Mahanoy RR., was
and sub-leased to Phila. & Reading July 7,
333.000
1,000
1,500,000
2,000,000
3,500,000
2,203,840
1,000
2,400,000
1880
1881
1881
1880
1.000
2,000,000
1,000
3,500,000
3,000.000
1,000
Louisville <£
Port Clinton, Pa.,
3 miles; total operated,
leased Jan. 12,1863, for 99 years,
1868. The Little Schuyl¬
kill Railroad is leased to the Philadelphia A Reading Railroad for 93
years from July 7, 1868, at a fixed annual rental. Of the stock, $158,250
is held by the company, and no dividends are declared on this.
Long Island.—Sept. 30,1830, owned from Long Island City, N. Y., to
Greenport, N. Y., 95 miles; branches, 65 miles; total owned, 160 miles.
Other roads controlled and operated in 1879-80 were as follows:
Miles.
Name—
Smithtown &Pt.
Central Extension RR
Whitestone branoh
Great Nook branch
Woodsido & Flushing branch..
Jefferson RR. 19*0
Stewart RR. to Bethpage
14*5
Stewart RR.
New York &
to Hempstead...
Rockaway RR...
Miles.
8*1
Name—
1*8
89
& Montauk
Brooklyn & Jamaica RR
9-6 Brooklyn
Point & So. Side RR.
Newtown & Flushing RR
39 Hunter’s
New York & Flushing RR
2-7 Far Rookaway branch
F. N. S. & Central
7*8 N. Y. & Long Beach
Tlic total of all the roads owned and operated is 320 miles.
Island RR. went into the hands of a Receiver October,
ond mortgage bonds are issued to take up floating
classes. Several of the leased roads have been
mortgages, and are now operated under temporary
The control of the company sold to Mr. Austin Corbin and
Dec., 1880. In July, 1881, stock increased to
1881, holders of Smithtown * Port Jefferson bonds and
4*0
6-7
3-fl
51*5
1*5
9*4
6*1
Philadelphia Oflloe.
July 1$. 1881
Oct., 1882
N.
N.
N.
A
A
*
*
&
do
May, 1890
May, 1884
do
do
do
do
do
do
N. N. Y., Drexel,
do
do
May, 1898
Aug. 1, 191ft
M. *
Co.
do
do
do
May, 1891
April, 1901
Sept., 1901
1831-82
Y., Corbin Bank’gCo
* J. N. Y., Central Pacific.
* J. N. Y., Imp.* Trad. N.Bk
do
Uo
A. * O.
May 1, 1911
July *l,"l 910
Jan., 1897
1907
1931
Aug. 1, 1881
F. & A. L. * N. Y.. 52 Wall St.
June, 1930
J. * 1). Louisville * New York.
A. * O. N. Y., Bank of America. 1886 * 1887
1886
do
do
Various
A. & O. L. * N. Y., D., M. A Co. Oct. 15, 1893
March 1, 1931
Now York, Agency.
M. * N.
Mar. 1,1907
M. * H. N. Y.. Drexel, M. * Co.
April, 1898
A. * O. L. * N. Y.. D., M. * Co.
Nov. 1. 1835
N. Y. and Louisville.
M. * N.
<;
6
o
o
7
7
7
7
0
0 I
J.
;
<>
« l
e
(»
3 s.
5
A.
J.
A.
31.
M.
M.
*
A
*
A
&
*
*
*
*
Deo., 1901
D. London, Baring Bros.
Aug., 1902
do
do
A.
D. N. Y., Drexel. M. & Co. Dee. 1, 1919
O. N. Y., Central Trust Co. Oct. 1, 1384
.T. N. Y., Drexel, M. * Co. Jan. 1, 1930
April 1, 1910
New York, Agents.
O.
Maroh 1, 1921
Now York Agency,
S.
March 1, 1980
" do
do
B.
Mar. 1. 1920
do
do
S.
Nashville.—Juno 30,1831,
Miiin line—
Miles.
Louisvillo to Nashville
135
Branches—
Junction to Bardstown, Ky..
17
Junotion to Livingston, Ky..
111
Junction to Richmond, Ky...
34
Montgomery to
1873
Company's Office.
N.Y., Drexel, M. & Co.
J.
<>
600.000
1,000
J. & J
A. & O.
J.
vr
492,200
5,000,000
100 Ac
Dividend.
M.\fe
7
7,070,000
£200
£200
Whom.
A. * O.
M. * S
6
7
1,000,000
....
1,000
1,000
Payable
do
850,000
225,000
1,000
1,000
Whoro Payable, and by
M. A N. N.
18,130,913
10,361,000
100
1879
1879
1880
<>
Stocks—Last
When
M.
M.
M.
F.
7
7
5
7
7
7
892,000
(?)
....
1856
1863
1881
1877
1868
1873
1871
1872
7*
2,900,000
....
branch, Louisville loan
Trust Company certificates
1st mortgage on New Orleans
1,000
100 Ac.
966
7
556,000
1,000
1880
1367
1877
1831
r
3*a
000.000
350,00 )
....
bonds (cumulative)
Cen
463,000
10,000,000
175,000
150,000
1,121,500
986,772
(?)
106,500
250,000
600,000
114,900
50
,
1860
1868
1863
1878
1881
1873
1871
1871
1877
18SL
XXXT
AND BONDS.
RAILROAD STOCKS
180
Mobile
141
5
Mobile
Branch to Pontcliartrain
New Orleans to
259
46
Paris, Tenn., to Memphis
Louisv. to Cecilian. Juno., Ky.
East St. Louis. III., to Evans¬
ville, Ind
161
mileage was as follows:
Mil©?.
49
Solina to Pinoapple, Ala
Henderson to Nashville
Pensacola Extension
135
32
1.43ft
Total owned
Leased and controlled—
19
Junotion to Glasgow, Ky
lift
Nashville to Decatur
189
Decatur to Montgomery
Junotion Paris * Evansville
35
RR to Owensboro, Ky
Lebanon to Groousburg
Selma to Montgomery
n
41
June.,III.,to Shawuectown.Ill.
6
Belleville, III., to O’Fallon, Ill.
Total leased and controlled .. 434
Pensacola, Fla., to Pensacola
44 Total operated Juno 30,1881.1,872
Juuction. Fla
1
Branoh to Muscogee dock....
Purchased in July, 1831, the Loulsrillo Cin. A Lex., 175 miles.
The general mortg.'of 1830 is for $20,009,000, of which $9,716,0001«
The Long reserved to pay off prior lions. For the St. Louis A Southeast, roads the
1877. The sec¬ $192,200 Trust Co. certificates wore issued, seourod by $300,000 of the
debt of various E. H. & N. bonds; they aro redeemable any April or Oot., on 30 day*
foreclosed under then notice. The Southeast. & St. Louis R R., whioh was reorganized after fore¬
closure of tho St. Louis & Southeastern, Nov. 16, 1830, is leased to the
arrangements.
others in Louisville & Nashville for 49 years, and the L. & N. issues its bonds as
$10,000,000. In Aug., above, secured on tlio road, about 2L0 miles long in Indiana and Illinois.
N. Y. & Rocka¬ There is also $999,500 of S. E. & St. L. stook. Tho L. & N. LobanooK
way bonds agreed to exchange their bonds for a consol, mortgage, bear¬ Knoxvillo bonds of 1881 cover 110 miles, subject to prior liens, and 62
miles building from Livingston to State lino aa a first lien. The prioee
ing 5 per cent. In October, 1831, Receiver was discharged.
The annual report for the fisoal year ending September 30, 1880, puk
of stock have been :
1881.
1880.
lished hi the Chronicle, V. 32, p. 63, made tile following exhibit:
1881.
1879-80. I
1880.
108%-x98%
1878-9.
Operating expenses
Net earnings
Payments other than for
Interest
Rentals of other
roads
Earnings for other roads and
ferriCvS
1,279,590
$338,359
$145,993 I April
$1,365,855
193,301
165,399
Floating debt prior to
228,120
16,500
4,366
54,313
138,350
31,799
receivership...
Island City
$1,955,873
Total
In 1878-9 payments
and equipment, and
follows:
of $111,240 were made on account
in 1879-80 $156,314. Earnings for
Earn’gs,
Earn’gs.
$1,149,897
Gross
Gross
Miles.
Years.
259
323
323
1875-6
1876-7
1877-8
1878-9
1879-80
$1,834,555
of construction
five years past
Net Earn
$398,736
412,701
497,895
1,473,178
1,497,914
1,617,950
1,811,848
326
--(V. 30, p. 65, 322; V. 31, p. 588; V. 32,
V. 33, p. 23, 151, 201, 225, 303, 442, 642,
p.
338,359
445,993
16, 44, 68, 183, 231,
687.)
Angelos <t San Diego. —Florence to Santa Anna,
Leased to Central Pacific, and in 1880 tho net earnings
were $5,564.
Capital stock $570,800. Chas. Crocker,
Los
Francisco.
526;
Cal., 27 miles.
paid as rental
the Flush¬
$500,000;
154, 463 )
Louisville Cincinnati ft Lexington.— June 30,1830, owned from Louis¬
ville, Ky., to Lexington, Ky., 91 miles; Junction to Newport, Ky.,
81 miles;
leased—track at Louisville, 4 miles; Northern Division,
34 miles; Shelby Railroad,
19 miles; total operated, 233 miles.
The old road
sold in foreclosure. October 1, 1877, to the second
mortgage bondholders, and this oompariy was organized.
The stock is
$1,000,000 common and $1,500,000 preferred, having been increased in
Nov.. 1880. Four per cent declared on preferred stock July, 1881. In
July, 1881, a controlling interest in the stock was sold to Louisville &
Nashv. Operations and earnings for three years past were as follows:
Net
Gross
was
Years.
Miles..
Passenger
Mileage.
Freight (ton)
Mileage.
Eiimings. Earnings.
3 877-8
213
213
13,379,360
12,984,240
$27,158,428
$978,083
232
15,484,890
28,339,773
958,121
$294,160
324,925
425,270
1,129,632
34,222,143
-(V. 20, p. 147; V. 30, p. 169; Y. 31, p. 259, 454, 60 6; V. 32, p.
V. 33, p. 47, 5G0.)
16l*e-115
133
-120
16;
July
126 -118x
August. 132 -115
Sept’bcr. 160*a-130
94*3 \87
.....
9434- IQ
95 - 85 Lj
101 Lj. 90*3
110*2- 99*3
1091-3-106
.
October
Nov’ber
Dcc’ber
123 -120
The annual report for 1830-31, iu tho
an account of the various acquisitions
statistics were as follows, not including
reported separately:
Total
,
operatod
Mail, express, Ac*
..
Total gross earn’gs..
Op. ex. (incl. taxes).
Net earnings
*
Inoludcs rents,
96*2- 90%
100*2- 91%
gave
Chronicle, V. 33, c<1.439,
mparative
in that year. Tiio
Nashv. Chat. & St. Liuis, wiAicli
1880-81.
062
3U4
880
960
1,438
972
966
$
1.840
$
434
1,872
9
2,599,353
7,407,403
3,627,925
1,700,207
5,135,985
458,823
491,874
599,651
904,894
5,607,509
5,337,596
3,155,824
7,435,813
4,208,199
10,9! 1,650
6,92S,524
2,344,213
2,231.772
3,227,643
3,933,120
1,267,797
'
nt of bars and engines, Ac.
rent
INCOME
1877-78.
Receipts—
Net earn’gs,all s'rcea
Disburse men Is—
Rentals for oars, &c.
Rentals
Int.on debt (all lines)
Disc’nton bonds, Ac.
Dividendst
Adv’sAiut.S.AN.Ala.
So.ANo-Ala. st’g bds.
Miscellaneous
$
ACCOUNT.
1878-79.
$
2,327,023
2,481,841
140,149
119,825
1,519.717
1,548,129
221,140
368.727
140,271
62,666
30,679
236,840
459,993
67,143
66,713
26,289
1879-80.
$
3,227,643
5^,666
2,050,900
ft
4,203.33ft
52,000
2,912,327
69,7:10
823,120
1,221,092
39,933
0,34ft
3,042,369 *4,192,364
Sur.185,274 8ur.256,840
$240,869 of this is to be refunded to the L. & N. Co., and U Included
Total disbursements
Balance
*
90
92*3
1879-80.
1,425,128
3,723,613
Freight
.
173*e-155
171 -x81
89-77
-
660
3L2
$
Earnings—
.
99
1378-79.
.
Passenger
.
104*2
1877-78.
Milos owned
Miles ls'd & contr’d.
President, San
Long Island City <t Flushing.—'This is a reorganization of
ing & North Side road, foreclosed Dec. 11, 1880. The stook is
par, $100. Leased to Long Island RR. for 50 years. (V. 33, p.
1878-9
1S79-80....
....
-139
June
is
107,660
.
March... 161
May
1879-80.
$1,279,590
205,173
Funded debt
Assessment Long
Jan...;..127 - 8G*9
116 -116*3
Feb
1,365,855
construction were as
follows:
1878-9.
Transportation expenses
were as
$1,811,84
$1,617,949
Total receipts
2,492,319 2,524,937
Def.145,326 Def.43,096
in the balance of $256,840.
t On L. & N., N. A D., and
Mob. & Mont.
-(V. 31. p. 45, 95, 122, 135,191,
551, 588, 652 ; V. 32, p. 16, 39,
124, 201, 225, 322, 358, 385, 412,
217,283, 306, 323, 382, 403, 429, 510
44, 70. 231. 266. 437, 444; V. 83,*.
439, 468, 469, 716.)
4r
RAILROAD STOCKS
SoUcrlten will confer
Por explanation of column headings, Ac., sec notes
first page of tables.
Miles Date
of
of
Road. Bonds
Louisville ct- Nashville—(Continued)—
Mobile A Montgomery Div., 1st inort
Pensa^la & Selma Div., 1st inert
PenRaeola A Atlantic, raort., guar
New Orleans Mobile & Texas debenture
scrip
Size,
Outstanding
2,950,000
1.248,000
1881
$1,000
104
185
1881
1S81
1,000
1,000
....
....
288
158
26
20
22
43
351
304
55
IS
109
36
30
71
71
26
Buffalo—1st mortgage
Mahoning Coal.—1st mortgage, coupon
Maine Central—Stock
1st mortgage, consolidated
Bonds ($1,100,000 loan) A. A. K. RR.
Extension bonds, 1870, gold
Maine Central loan for $1,100,000
^
Leeds A Farmington Railroad loan
Androscoggin Railroad, Bath City loan
Portland A Kennebec, 1st mort., extended
do
do
consolidated mortgage
Manchester <C Lawrence— Stock
Manhattan Beach Co.—Stock
N. Y. Bay Ridge A Jamaica RR., stock, guar
N. Y. A Man. Beach RR., 1st mortgage
.
1872
1860-1
1870
1868
1871
1866
1863
1865
'300
1.000
1,000
1,000
3,000
1.000
100
100 Ac,
100 Ac.
500 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac
100 Ac.
100
1182
Ridge A Jam. RR., 1st mort. (guar,)...
1877
1879
8*2
Manhattan Elevated—Stock
Marietta ct Cincinnati—1st mortgage, dollar....
44
188
1st mortgage, sterling
2d mortgage
3d mortgage
4tL mortgage
Scioto A flocking Valley RR., 1st
mortgage
Balt. Abort Line, stock, 8 p. c. guar by M.'A C...
1861
1861
1866
L88
f
m
m
m
,
.
.
m
1870
1873
I860
.
.
.
....
....
....
....
....
...
50
published in V. 32, p. 181. (V. 31, p. 95, 152, 205; V. 32, p. 181, 335,
C26. 578; V. 33, p. 23, 100, 124, 176, 255, 412, 519, 6S7.)
Louisville New Albany <t SI.
Louis.—July 1, 1880, owned from
Ingletcn, Ind., to Aib'on, Ill., 45 miles. The whole projected line is from
New Albany, Ind., to Mount Vernon, Ill., 181
miles, and in May, 1881,
a contract was reported with a Boston
Syndicate for its completion.
—(V. 32. p. 578. G58 ; V. 33, p. 4G8.)
Lowell <& Framingham— Sept. 30,1881, the
Framingham A Lowell
owned from Bouth Framingham, Mass., to
Lowell, Mass., 2G miles.
Road opened Oct. 1, 1871, and was leased from April
1, 1871. to Boston
Clinton Fitchburg A New Bedford RR. Co., and since Feb.
1, 1879,
operated by Old Colony RR. Co. On Feb. 14, 1880, a lease of the road
to B. C. F. A N. B. Co. for 998 years and 4 months,
from Oct. 1,1879,
was ratified.
Sept. 10, 1881, sold at SlierifTs sale and reorganized
sunder above name. The 8 per cent notes are surrendered for
exchange
and cancellation, and preferred stock is issued for them and for
unpaid
oonpens to Oct. 1, 1881. Stoc k, $500,000, 5 per ct. preferred and $500,©00 common. (V.30, p. 192, 408, 493; V. 31, p. 94; V.
33, p. 17G, 303.)
Lykens Talley.—Dec. 31,1880, owned from Millcrsburg, Pa., to WilMamstown, Pa., 20 miles ; branch. 1 mile ; total operated. 21 miles. A
coal road leased and operated by the North era Central Railroad since
July, 1880, and previously by the Summit Branch RR. The lease i6 for
399 years from March 1, 18GG, and the rental is $G2,500
per annum.
llcKean ct Buffalo.—Dec. 31, 1880, owned from
Larabee, Pa., to Cler¬
mont, Pa., 22 miles. In 1880 gross earnings were $73,869 and net $32,043. The stock is $387,600. B. D. Hamlin, President,
Smithport, Pa
Mahoning Coal.—Dec. 31. 1830. owned from Andover, O., to Youngs¬
town, O.. 38 miles ; branches to coal mines. 5 miles; total operated. 43
miles. It was opened May 1, 1873, and leased for 25
years from that
'date to L. Sh. A Mich. So, RR., at 40 per cent of
gross earnings.
Capital
stock is $1,373,000. The L.S. A M. S. Co. holds
$399,000 of the bonds
purchased under the agreement of lease. Net earnings in 1880 (40 per
cent of gross), $85,391.
Maine Central.—Dec. 31. 1880, mileage was as follows: Main
line,
Portland to Bangor, Me., 137 miles; branches, Cumberland Junction to
Wa terville, 73 miles; Crowley's Junction to
Lewiston, 5 miles; Bath to
Farmington, 74 miles; Waterville to Skowhcgan, 18 miles; total owned,
307 miles. Leased, Belfast to Burnham, Mo., 34
miles; Newport, Me., to
Dexter, Me., 14 miles; total leased, 48 miles. Total operated, Dec. 31,
1880, 355 miles.
This was a consolidation in 1862 of the
Androscoggin A Kennebec
Railroad and the Penobscot A Kennebec. In
August, 1873, the Port¬
land A Kennebec, Somerset A Kennebec and Leeds A
Farmington rail¬
roads were also consolidated with the Maine Central. The
annual report
was published in V. 32, p. 333.
Comparative statistics for four years are as follows:
Earnings—
1877.
1878.
1379.
1880.
Total income
Rentals paid
on
~
~
$050,699
Disbti rsements—
Interest
~
$54,000
bonds
..
Other interest, Ac..
$1,434,688
093,983
$1,508,3
'7
$1,720,053
638,398
652,905
$659,565
$599,957
$648,557
$54,000
$54,000
523.410
569.381
26,109
3,815
569,179
.
3,726
$54,000
569,059
1,013
Total disbursem’nts
$603,519
$627,226
$626,905
$624,072
Balance
surp.47,180
dcf.27,269 surp.21,652 surp.35,493
(V. 28, p. 325 ; V. 30, p. 321 V. 32, p. 333, 658.)
Manchester <t Lawrence.—March 31,1881, owned from
N
H., to Methuen (State Line), 22*4 miles; leased, MethuenManchester,
Branch of the
Boston A Maine Railroad, 3% miles; total
opera ted, 26 miles. Road in
operation since 1849. Formerly operated with the Concord RR. as one
lme, on a basis of two-fifths or the joint earnings. Methuen branch is
leased at a rental of $11,000 per annum.
Company lays claim to a twofifths interest in the Manchester A North We
a re RR., which is
operated
l>y Concord RR. Ten per cent dividends are paid. GroRs
earnings in
1880-81, including amount received from Concord Railroad on account
©f joint business, $185,641; net,
$100,440. In 1879-80, gross, $164,998
M. A N.
M. A' 8.
F. A A.
$100,411.
(V. 32, p. 610)
Manhattan Beach Company.—A consolidation under the
above title
•was made in
February, 1880, of the New York A Manhattan Beach
Railway, the Manhattan Beach Improvement Company and the Marine
Railway Company. The stock of the new company, amounting to
$4,680,1 00, embraces the stocks of all the other
into it, and the Manhattan Beach Co. holds those companies converted
stocks in its treasury
pt about $L00,000 of N. Y. A Manhattan Beach
Railway pref
atcck, as also $3(K),000 2d mirt. bends of the N. Y. A Manhattan Beach
1
Where Payable, and by
Whom.
* Slocks—Last
New York Agency.
do
do
Dividend.
May 1, 1931
do
Mar.
do
1, 193 L
Aug., 1921
....
6
6 g-
J.
5
A. A O. Boston. Old Colony RR.
New York. Treasurer.
Q.-J.
J. A J. Buffalo, Mauuf.A Tr.Bk.
J. & J. N.York, Union Trust Co.
A J. N.
F. A A.
Y., Nat.Bk.Commeree July 1, 1910
do
do
Aug. 1, 1911
....
2^3
7
7
....
633.000
425,000
217,300
1,166,700
1,000,000
April 1, 1891
2, 1881
1, 1905
Jan.
Jan.
Jan.
1, 1902
...
7
A. A O. Boston, 2d Nat. Bank.
6
M’ntlilv
do
do
6 g.. A. A O.
do
do
7
J. A J.
do
do
6
J. A J.
do
do
6
do
do
Q.—J.
6
A. A O. Portland, 1st Nat. Bank.
6
A. A O. Boston. 2d Nat. Bank.
5
M. A N. Manchester and Boston.
-
April 1, 1912
1890 to 1891
Oct., 1900
July, 1898
July, 1901
July. 1891
Oct. 15, 1883
April 1, 1895
Nov. 2, 1861
....
300,000
500,000
....
7
7
7
1,000,000
200,000
13,000,000
2,450,000
1,050,000
2,500,000
3,000,000
4,000,000
J. A J. N. Y., Corbin
M. A B.
do
J. A J.
do
....
7 g.
7
8
8
7
4
300,000
1.125,000
Bank’g Co
Jan.
do
1, 1897
March, 1909
do
(?)
....
r+
i
F. A A. Balt., R. Garret & Sons.
F. A A.
London.
M. A N. Balt., R. Garret & Sons.
J. A J.
do
do
A. A O.
do
do
M. A N.
do
do
J. A D.
do
do
-
Aug. 1, 1891
Aug. 1, 1891
May 1, 1896
July 1, 1890
April, 1908
May 1. 1896
Dec., 1880
RR. The New York Bay Ridge A Jamaica Railroad
is leased and tlio
bonds and stork are guaranteed. In
December, 1881, a lease of the
New York A Manhattan Beach
Railway was made to the Long Island
Railroad for 35 per cent of gross
earnings to the lessor, but the sum of
$97,500 per year is guaranteed to pay all annual charges. (V. 30, p.
493 ; V. 33. p. 612.)
Manhattan Elevated.—This is a corporation formed to lease and
operato
the two elevated railroads in. New York
City. Its capital stock is
$13,000,000, and it guarantees the interest on the bonds of the two
elevated roads and certain dividends. The
original lease guaranteed
10
per cent per annum
on
the stocks, but this lease
was
amended in
October, 1881, by the agreements made
substantially as follows: 1. A
trip vrtite agreement among the threo oompanies that the indebtedness
of the Manhattan Company to the
Metropolitan and New York be can¬
celed, except that the New York ooinpany should receive their divi¬
dends due in July and
October, and the interest due July 1 on the New
York bonds, the interest on the
Metropolitan, bonds also to be paid, but
no back dividends on
Metropolitan stock; the claim of the Manhattan
Company against the other two to be withdrawn; and then the net
earnings to be distributed as follows:
First, 6 per cent on New York
stock, then 4 per cent on Metropolitan stock, provided that road should
earn it; then 4 per cent, on Manhattan
stook, and then all the remain,
ing surplus to be equally divided between the three parties to the com¬
pact. 2. A supplementary contract was made immediately after be¬
tween the'Metropolitan and Manhattan
representatives, by which it was
provided that the Metropolitan Company should have a preference over
i he
Manhattan to the extent, of 6 per cent out of its own
earnings, and
in consideration of this to relinquish
all claims to any proportion of the
surplus of either road, thus giving to the Manhattan Company a claim
to two thirds of the surplus
earnings, its own share and that of the
Metropolitan Co. This was further supplemented by an agreement of
Nov. 14, 1881, for the surrender of the stocks of
the other companies
ind the issue of new stocks
by the Manhattan Company, as follows:
To New York Elevated stockholders,
$6,500,000 of first preferred G per
cent stock cumulative; to
Metropolitan stockholders, $6,500,000 second
preferred 6 per cent stock not cumulative; and to Manhattan stock¬
holders, $13,000,000 of common stock. (See full contract, V. 33,
p 5G0.)
The company went into receivers’ hands
July 15, 1881. The state¬
ment of the receivers in V. 33, p. 282, had the
following: During the
period from Feb. 1, 1879, to July 14, ls8i, the earnings of the two
companies, as shown by the books of the Manhattan, have been as
follows:
New York.
Gross
earn’ngs Sept. 1,1879 to July 14, 1881. $4,939,491
Operating expenses
2,901.699
Net earnings
$2,037,792
Add net earnings Feb. 1 to Aug. 31, 1879.....
642.090
Total net
earnings
Metropolitan.
$4,213,677
2,640,454
$1,572,222
324,968
$2,679,882
$1,893,191
2,079.882
Both roads..i
Add certain expenses allowed for in
operating account
Total net earnings
Receipts from sale of Metropolitan RR. Co. bonds, old ma¬
terial, equipment, Ac
The total
on
10,455,749
hand
Third Avenue
Ninth Avenue
Earnings.
$2,205,176
387,489
Total New York
Second Avenue
Sixth Avenue
Metropolitan
Allowing for transfers
$86,019
ending Sept. 30,188(b were:
Expenses.
$1,120,200
307,000
Net Earnings.
$2,592,665
$325,733
1,695,561
$1,427,200
$1,165,465
$78,433
$2,021,294
$1,206,500
at Chatham
'
$247,300
959,200
$1,084,976
80,489
736,361
”"$814,794
Square, after the payment of inter¬
est on the bonds the two oompanies would have
the payment of dividends on their stocks:
Metropolitan
49,704
$4,627,778
5.913,991
The approximate earnings for the
year
Total
$4,578,o7^T
$10,541,769
disbursements have been
Balance cash
-
net,
XXIIL
....
4,680.000
500 Ac.
500 Ac.
500 Ac.
100
Louisv. N. Albany <t Chic.— Dec. 31, 1880, owned from
Louisville, Ky.,
to Michigan City, Ind., 290 miles. In Ang., 1881, consolidated with
Chicago A Indianapolis Air Line, and stock increased to $5,000,000,
giving 15 per cent increase to stockholders of record Aug. 31. The L.
N. A. A C. was opened in 1852 and sold in foreclosure Dec.
27,1872, and
reorganized without any bonded debt. In 1880 gross earnings, $859,769; net, $259,922. In 1880 the company sold $3,000,000 of bonds to
the stockholders at 20 cents on the dollar. The annual report was
644.637
*
When
Payable
....
398,000
1,486,000
3,603,300
3,901,500
1,100,000
496,500
756,800
....
.
6
6
G
3,000,000
500,000
600,000
....
.
..
Cent:.
3,000,000
5,000,000
3.000,000
2.300,000
20
1375
1872
Rate per
3.000.000
....
1930
1881
1880
1871
....
McKean ct-
$1,648,175
Amount
Value.
180
288
Lykens Valley—Stock
Total gross earnings
Net earnings
[Vob
INTEREST OR DIVIDENDS.
or
Par
*
—
Louisville New Albany <t Chicago—Stook
1st mortgage
Mortgage, gold, on Chic. A Indianapolis Div
JiOuisville New Albany <£ St. Louis.—1st inort
Lowell <t rramingham—1st mortgage bonds
N. Y. Bay
BONDS.
great favor by giving Immediate notice of any error discovered In these Tables,
a
DESCRIPTION.
on
AND
$205,344 | New York
earnings applicable to
$036,165
These were equal to 9 ^ioo per cent on the stock of the New York Com¬
pany and to 3 16100 per cent, on that of the Metropolitan Company. The actual net earnings of the Manhattan
Company for the year were
$1,966,850, and the deficiency to meet fixed charges for the same time
$490,308, against a surplus brought over Oct. 1, 1879, of $301,216.
(V. 32, p. 156, 421. 468, 552, 578. 612, 647, 659, 685; V. 33, p. 24. 47,
74, 100, 124, 176, 255, 282, 304. 358, 385, 397,
404,408, 527, 560, 642,
717.)
Marietta ct Cincinnati.—Dee. 31, 1880, owned from Cin. A Balt. Junc¬
tion, O., to Main Line June., O., 157 miles; branches and extensionsMain Line Junction to Soott’s
Landing, 31 miles; Marietta to Belpre, 11
miles; Portsmouth to Hamden, 55 miles; Blanchester to Hillsboro, 22
miles; leased—Cin. A Balt. RR., 6 miles; Balt. Short-Line, 30 miles; total
operated, 312 miles. The company made default, and the road was
was
Dscembbb,
RAILROAD STOCKS AND
1881.]
Sabtfriben will eo after a
srreat favor by giving Immediate
M. H. A
O. mortgage
JZ
.
(for$3,500,000)...
Memphis <£ Charleston—Stook
1st mortgage, Ala. & Miss. Div. (extend, in 1830).
Mass.
Central—New mort., gold,
2d mortgage
Oom-ol. M.,g. ($1.400,0001st
M. on 91 m. in Tenn.)
Memphis <£ Little Rk.—1st M. (paid $50,000 yearly)
General mort., land grant, (s. f. $10,000 after ’82)
Memphis Paducah & Northern—
Metropolitan Elevated (N. Y. City)—Stock
1876-90
1st mortgage
2d mortgage
•
1872
1878
1880
....
....
.
....
1851
1867
1877
1877
...
m
m
^
—
(Mexico.) —1st M. ($32,000 p. ill.).
Income bonds, convertible, not cumulative
Mexican National, Railway (Mexico).—1st M., gold..
Mexit'an Oriental In'er oceanic tC Inlernat'l—Stock..
Michv/an Central— Stock
1st mortgage, convertible, sinking fund
1st mortgage, convertible
Consolidated mortgage (for $1^,900,000). •
Michigan Air Line mortgage
do
do
1st mort.,assumed by M. C....
Equipment bonds.
M. O. bonds, mort. on Grand River Valley RR. ..
Kalamazoo & South Haven, 1st mort., guar
Mexican Genirxil
do
do
2d mort., guar
Grand River Valley, 1st mort., guar. 5
do
do
stook, guar
Detroit «fe Bay City 1st mortgage, endorsed.
®
®
10
82
39
39
84
j
’
*
1857
1857
1872
1870
1870
1874
1879
1869
1870
1866
Mort. on Detroit & Bay City Railroad
Jackson, Lansing <te Saginaw 1st mort
118
118
116
1,958,000
250,000
2,600,000
8
4
437,000
8
8
1.000
500,000
6
1,000
610.000
8
8
8
1,000
4,000,000
1865
1.000
1.024.000
Grand Central. Office.
O. N. Y., Union Trust Co.
do
do
O.
do
do
N.
do
j
do
do
N.
do
do
O.
do
do
8.
do
do
N.
do
do
N.
do
do
J.
do
do
J.
do
do
N.
do
do
B.
do
do
J.
Q-F.
-
2*3
8
5
8
424,000
1915
Yeaiiy-’81-’83
July, 1907
April 1, 1881
July. 1908
Nov. 1, 1890
1911
8
7.0,000
3 915
1885
....
7
556,000
1881
Jan. 1,
Jan. 1,
Jau. 1,
....
i
8,000,000
1,900,0)3
200,000
1872-3
New York, Office.
r. & j. N.Y., Central Trust Co.
do
do
M. & N.
8
8
1,000
1,000
1,000
1,000
100
Dec. 1, 1901
Nov. 1, 1880
Jan. 1, 1900
June 1, 1892
Mar. 1, 1908
Jan. 1, 1900
6 g.
18,738,204
1,508,500
1,000
1,000
& J.
Slocks—hast,
Dividend.
......
6
6
7
3
3.500,000
7.500,000
(?)
ibo
J. Balt.., Balt. <fc Ohio RR.
D. Boston, N. Eng. Tr. Co.
do
do
8.
J. Boston and New York.
Q.-J.
16,827,500
1,000
1,000
&
&
&
&
& J. N. Y., R. T. Wilson & Co.
do
do
do
do
& J.
& N. N.Y., H.Talmadge &Co.
do
do
Jauu’ry
J.
J.
J.
M.
....
2,000,000
l,OoO
1,000
1.01)0
1,000
J.
J.
M.
J.
7
7
7 g.
Bank
J. & D. Balt., Meroh. Nat.
Cincinnati.
M. & N.
6 g.
m
6,500.000
10,800,000
1,000,000
491,200
.
.—
....
1.000
....
284
103
6
1(H)
1881
281
281
600,000
2,535,000
5,312,725
1,261,000
1,000,000
....
....
800
1,000
1,000
1878
1879
Whom.
1,000
1.000
250 &o.
1877
11
m
^
Where Payable, and by
500,000
25
....
When
Payable
1,760,000
100 &c.
pal.When l>ue
Cent.
7
4
7
8
PH neb
Bonds
Rate per
$750,000
1,247,450
1,000
....
*
50
88
110
292
181
272
292
133
133
•
(guar, by Manhattan)..
•
•
Outstanding
50
....
1st mortgage
Marquette R. A O.—1st mort., I’d gr., M.& O., coup
notice of anj error discovered In then Tables.
Amount
$1,000
1869
30
M. & C
do
do
Date 8ize, or
Par
of
Bonds Value.
of tables.
J(arietta <6 Cincinnati—(Continued)Balt Short Line, 1st mort., guar, by
Cincinnati & Baltimore RK., stook
XXX vu
INTEREST OR DIVIDENDS.
I Miles
of
For explanation of ooluinn headings, <fco., see notes
Road.
on first
DESCRIPTION.
page
BONDS.
A.
A.
M.
r.
M.
A.
M.
M.
M.
J.
J.
M.
M.
J.
&
&
&
&
&
&
&
&
&
&
&
&
&
&
-
Aug. 1. 1881
Oct. 1,1882
Oct. 1,188$
May 1,1903
Jan. l,18ki>
Nov. 1, 1890
April 1, 1883
1909
Nov. 1, 1880No v. 1. 1890
July 1, 1886
Jan., 1882
May 1,1902-3
Mar. 1, 1931
July 1, 18 *<5
t ie Manhattan Railway Company, at 10 per cent on the stock and in¬
placed in the hands of Mr. John King, Jr., of the Balt. & Ohio, June 27 rerest on the bonds. Mr. Elnathan Sweet, Jr., an assistant of tho State
1877, and a foreclosure suit was afterward begun. The Marietta & Cin.
Engineer, made a report in January, 1880. He reported that the New
Co. guaranteed the stock and bonds of the Baltimore Short-Line Rail
York Loan <fc Improvement Company expended in tho construction of
way, and when in default on its own bonds this rental of the Baltimore the
Metropolitan Elevated Railway up to September 30, 1879, the sum
Short-Line and the rental of the Cincinnati & Baltimore Railroad were rof
$10,828,790. For $6,500,000 of Manhattan stock, $8,500,000 of
paid. The coupons overdue on bonds Dec. 31, 1880, were six on 1st tho first mortgage bonds and $6,500,000 of tho stook of the Metropoli¬
mort., $735,000; seven on 2d mort., $612,000; eight on 3d mort
tan Company, representing tho whole property and the only lien upon
$960,000; seven on 4th mort, $1,120,000; total, $3,427,000. The capi¬ it, Mr. Sweet comes to the conclusion that the New York Loan
tal stook is as follows: First preferred, $8,105,600; second preferred, and
Improvement Company paid $9,639,142. The Metropolitan oarn$1,440,100; common, $1,386,350. The plan for reorganization is given ings to July 14, 1881, are reported in V. 33, p. 255. See Manhattan RR.
In Chronicle, V. 33, p. 642, involving assessment of 5 per cent cash on
(V 32, p. 121, 468, 552, 647, 6S5; V. 33, p. 24, 47, 74, 124, 255, 282,
pref and 3 per oent on com. stock. From Oot. 31, 1879, the Receiver’s 385, 397, 404, 442, 468, 502, 560.)
report showed that the income in 14 months ending Deo. 31,1880, was:
Gross earnings, $2,477,634; net earnings, $328,133; taxes and rentals
Mexican Central (Mexico).—This road is under tho management of Bos¬
were $338,512; deficit $210,379.
Suit for foreclosure is yet ponding. ton capitalists. The lines projected and in progress are (1) the main
(V. 30, p. 43, 169. 567, 589; V. 31r p. 95. 229, 484, 606 ; V. 32, p. 16, line, from tho City of Mexico to El Paso; (2) from Tampico westerly
145, 231. 526; V. 33, p. 255, 304, 469,612.)
through San Luis to the main lino; (3) from the main line to the City of
Marquette Houghton <£*
-
Ontonagon.—Deo. 31, 1880, owned from Mar¬
quette, Mich., toL’Anse, 63 miles; branches, 25 miles; total operated,88
miles. This was a consolidation Aug. 22, 1872, of the Mnrq. & Ontonagon
Railway and the Houghton & Ontonagon Railway. The company made
default on its bonds, and issued the present 6 per cent bonds in exchange
for prior 8 per oent bonds. The stook is $2,306,600 common and
$2,259,026 preferred. The lands amounted to 425,000 acres, mostly tim¬
ber and mineral lands, and in May, 1881, 400,000 acres were sold for
$2,500,000, and about $1,800,000 6 per cent bonds called in. In May,
188-1, a circular was issued offering to stockholders the privilege of
subscribing to the stock of a land company formed to take all the
unsold lands. Bee V. 33, p. 47. Operations and earnings have been:
Net
Gross
Freight (ton)
Passenger
Earnings.
Earnings.
Mileage.
Years. Miles.
Mileage.
346,063
675,732
15,478,293
88
1877
1,170,748
299,182
566,453
15,816,460
88
1,030,290
1878
277,157
552,671
15,124,336
88
1879
1,130,678
405,719
771,538
20,804,176
1880
88
1,615,903
—(V. 32, p. 552, 578; V. 33, p. 47 154.)
Massachusetts Central.—Boston, Mass., to West Deerfield. Mass., 110
milee; brauohes, 6 miles; total as projected, 116 miles.
Leased March,
1880, to Boston & Lowell for 25 years, at a rental of 25 per cent or
gross
,
earnings, and to be completed as
speciecd.
Stock, $3,500,000.
-(V. 30, p. 222, 248, 322, 650; V. 31, p. 454; V. 33, p. 469.)
Memphis <£ Charleston.— June 30, 1831, owned from Memphis to
Stevenson, Ala., 272 miles; branches—to Somerville 14 miles, to
Florence 5 miles, to Mississippi River 1 mile; total operated, 292
miles. This road was leased June 2,1877, to the East Tennessee Vir¬
ginia &. Georgia Railroad for twenty years from July 1, 1877. The
were to operate the road on their own account and apply the net
earnings to interest and pay the balance, if any, to the lessors. The
lease was terminable on 6 mouths’ notice and was modified in December,
1879, the M. & C. Company giving up their right to terminate the lease,
and the lessees agreeing to buy the coupons for three years following in
case the M. & 0. earnings should be insufficient to pay them.
Of the new
Guartalajava, and thence to Pacific Coast at San Bias. Also from Guaynortherly (Sonora RR.) to U. 8. boundary. Tho company has a
subsidy from the Mexican Government of $15,200 per mile on most of
the lines, payable in certificates with which 6 per cent of customs duties
have to be paid. The first mortgage bonds were issued thus: $5,009
with $1,000 income bond and 40 shares of stock for $4,500 cash. Thos.
Nickerson, President, Boston. (V. 31, p. 672; V. 32, p. 100,396; V.
33, p. 193, 469, 716.)
Mexican National Railway (Mexico).—This is the road building from
Laredo to City of Menico, under tho Palmer-Sullivan concession, from
mas
Mexico. A statement at some length as to the company’s affairs
the Chronicle, V. 33, p. 717. Bonds for $1,000 with stock for
were issued for $1,050 cash.
The capital is $5,000,000, of
$4,000,000 is 7 per cent preferred. (V. 31, p. 672 ; V.
p.
V. 33, p.
Mexican
the old Tennessee State
sufficient balance of this
mortgage is reserved to take np first and second mortgages. The first
mortgage bonds due May, 1880, were bought up, but not paid off.
Earnings for five years past were as follows:
Years.
,
Miles.
292
Gross Eam’gs.
$961,350
Oriental Inltroctanic &
16., 685;
International.—This company is
formed to build from Laredo to City of Mexico, in connection with the
Gould system of roads terminating at Laredo. The
ment grants a subsidy which it is said will net
per
circular of Mr. Gould, as President of Mo. Pacific, in V. 33, p. 687, 716.
Mexican Govern¬
$12,000
mile. Seo
Michigan Central.—Dzc. 31,1880. owned from Detroit. Mich., to Ken¬
sington, Ill., 270 miles ; used jointly with Ills. Central, Kensington to
Chicago, 14 miles; leased lines—Michigan Air Line, 104 miies; Jackson
Lansing & Saginaw, 236 miles; Grand River Valley, 84 miles; Kala¬
mazoo &Soutn Haven. 40 miles; Joliet & Northern Indiana, 45 miles:
Niles & New Lisbon, 11 miles; total operated. 804 miles. The lern ed
lines have been largely assisted by the Michigan Central Company, and
prior to 1872 the Michigan Central was a regular dividend-paying
coinpanv*. The Vanderbilt party took possession in June, 1878.
For 1881
lessees
consolidated mortgage, $1,400,000 is secured by
lien for $1,736,906, assigned to a trustee, and a
32,
193, 716, 717.)
was in
$1,000
which
as
(December partly
follows:
earnings
Operating expenses and taxes
Gross
Percentage of earnings
Net earnings
Interest and rentals
Balance
Dividends
Net Earn’srs.
$317,523
Surplus
estimated), the statement of income
wan
1880.
'
1881.
$8,936,000
6,752,000
' (75'53
$2,181,000
$9,085,749
5,738,751
1,693,000
1,586,410
(2^) 468,455
$491,000
$1,760,5 8
(8) 1,499/ 56
$22,545
$261,532
(6316>
$3,346,998
307,445
In 1880 construction account for the entire system increased $271,109,
989,857
231.038 of which amount the cost of lands and new 2d track, viz., $95,184. was
292
862,513
262,924= paid with funds derived from traffic; but tho cost of 227 new freight
292
1,003,271
511,345 cars, viz., $175,925 was paid with proceeds of sundry securities which
1,342,082
292
the company held.
—(V. 31, p. 535, 557; V. 32, p. 526, 552 ; V. 33, p. 553, 560.)
OPERATIONS AND FISCAL RESULT8.
Memphis & I/ittle Rock—Dec. 31, 1879, owned from Little Rock,
1880.
Operations—
i
1877.
1878.
1879.
Ark., to Hopefleld, Ark.. 135 miles. Default was made on the coupons
carried... 1,400.847
1,373,530 1,445,655 1,699,810
November, 1872, and the property sold in foreclosure. The new com¬ Passengers
Passenger mileage... 79,805,454 79,684,072 93,232,430 115,523,789
pany also defaulted, and the road was sold and reorganized April 28, Rate®
2-36 cts.
2-41 ere.
2-21 cts.
2*13 cts.
pass’gerfj mile
1877. The stock is $1,500,000. in 1879 gross earnings were $428,620;
3,513,819 3,797,137
2,937,570
2,786,640
net earnings, $138,367. The company has a land grant from Congress Freight (tons) moved.
735,611,995
721,019,413
of 1,000,000 awes, of which about 150.000 acres have been certified to Freight (tons) mileage446,708,939 548,053,707
0*842 cts.
0*092 cts
0'848 cts.
Av. rate $ ton ^ mile
0*982 cts.
3
it. The general mortgage carries 8 per cent interest after July, 1882. In
$
$
$
Earnings—
2,461,771
2,062.265
April, 1880, control of this company was purchased by the St. Louis Passenger
1,918,609
1,881,581
& Iron Mountain. See V. 30, p. 406. R. K. Dow is President, Little
6,195,971
4,986,988
Freight
4,387,839 4,646,248
293,633
297,54 L
Rook, Ark. (V. 29, p. 657; V. 30, p. 192, 466.)
307,237
Mail, express, <fcc
292,015
8,951,375
Memphis Paducah <6 Northern.—This was the Paducah & Memphis road Total
7,346,791
0,872,094
gross earnings.
6,561.435
$
from Paducah to Trimble, Tenn., and from Memphis to Covington,—112
$
Operating Expenses—
$
miles in all. The road was foreclosed in April, 1877, and reorganized
1,226,536
904,613
85L554
Maint. of way. «fcc
778,948
670.006
under this name, but no financial statement has been made. In Dec.,
623,730
04s,718
Maint. of equipment.
627,624
2,824.901
1880, Mr. Smithers was appointed Receiver, and the road was sold, Aug.,
2,455,164
2,296,291
Transports
expenses
2,357,529
197,255
1881, and purchased in interest of Eliz. Lex. <fc Big Sandy by C. P. Hunt
201,682
204,497
Taxes
302,742
820,053
514.403
ington for $2,300,000. (V. 32, p. 636, 672; V. 33, p. 154, 176.)
363.075
Miscellaneous
441,639
5.738,7f 1
Metropolitan Elevated— Sept. 30, 1881, owned from Rector Street to Total..
4,699,592
4,307,238
4,508,482
58th St., 4*2 miles, and from 6th Av. and 53d St. to 155th St., 5% miles;
3,212,0^4
2,617,202
2,504.856
Net earnings
2,052,953
64*11
total operated. 10^4 miles. This was formerly known as the Gilbert Ele¬
63*97
63*55
68*71
P.crt.op.exp.toearn’gs
vated Road, ana is now leased, together with the New York Elevated, to
292
-
-
-
“
"
RAILROAD
XXXV111
Subscribers will confer
a
STOCKS
AND
BONDS.
[VOL. XXXIII.
great favor by giving immediate notice ot any error discovered in tbese Tables.
DESCRIPTION.
INI
INTEREST
Bond#—Princi¬
OR DIVIDENDS.
Miles Date Size, or
pal,When due.
Amount r
For explanation of column headings, Ac., see notes
of
of
Par
Rate per
When
Where Payable, and by
Slocks—Last
Outstf mling
on first page of tables.
Road. Bonds Value.
Cent.
Whom.
Payable
Divideud.
,
Michigan Central—( Continued i—
Jack. Dan. A Sag., 1st mortgage
do
do
do
:
of Win.), conv
whole line (300m.)
1st mort. (N.
Cons.
m. on
do
do
Middletoicn Unionville d Water Gap—1st mortgage.
Milw. Lake Shored West—Northern Diw, 1st mort.
Consol, moil., gold (for $5,000,000)
Income bonds (not cumulative)
Milwaukee d Mart hern—1st mortgage
Mine Bill d Schuylkill Ilaren— Stock
Minneapolis d St. L.—1st M., Min. to Merriam June.
1st mortgage, Merriam Junction to Albert Lea
..
1st mortg., Minneapolis to White 11. Lake, guar..
1st mortgage, gold. coup. (Al. Lea to Fort Dodge)
Mortgage
Mortgage
on
on
{Southwestern extension
Lake Superior Extension
lid mort. bonds, income, f> A 10 years
236
298
13
100
273
126
140
27
93
15
102
50
21
172
100
100
100
786
182
100
786
786
1807
18 70
1871
1880
1866
$1,000
1879
1,000
1,000
1,000
'1,000
1,000
1,000
....
1881
1881
1880
.
1,000
50
.
1,000
1877
1877
1877
1879
1880
1880
1881
1881
1877
1877
500 Ac.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
187-90
$68,000
114,000
1 943,000
1,100,000
400,000
572,000
3,000,000
000,000
2,1 55,000
4.022,500
mortgage, gold, Pacific Extension
Mississippi d- Tennessee—1st mortgage, series “A”.
1st mortgage, series “ B,” (a second lien)
Missouri Kansas d Texas—Stock
1st m., gold, sink, fund, on road and land (U. P.S.Br)
1st mortgage, gold (Tebo. A Neoslio)
Consolidated mortgage, gold, on road and land..
2d mortgage, income (interest cumulative)
Booueville Bridge bonds, gold, guar
General consol. AL.gold (for $45,000,000)
Hannibal A Central Missouri, 1st mortgage
do
do
2d mortgage
Intermit. & Gt. North’n, 1st mort., gold
2d mort. income, not cumulative
do
do
2d mortgage
Missouri Pacific—Stock
1st mortgage, gold
880
70
70
665
519
665
708
283
1.000
100
1868
1870
1871-3
1876
1873
1880
1870
1872
1879
1879
1881
1,000
1,000
1,000
500 Ac,
1.000
1,000
1,000
1,000
1,000
500 Ac.
....
100
1,000
1868
Total income-:
1878.
1879.
1880.
$2,504,856
119,664
$2,647,202
$3,212,624
68,634
$2,624,520
$2,715,836
$
$
184,310
184,310
1,431,640
1,403,472
(1) 749,528 (5^)1,030,601
97,840
161,202
97,453
,
Disbursements—
Rentals paid
Interest on debt
Dividends
Miscellaneous
Balance, surplus
Total.
2,624,520
2,715,836
134,374
$3,346,99*
$
184,310
1,385,120
(8) 1,499,056
70,000
208,512
3,346.998
The Jackson Lansing A Saginaw debt is assumed by Michigan Central,
which also pays $70,000 per year on the stock of $2,000,000, one-third
of which it owns; the proceeds of J. L. A 8. lauds go to pay bonds,
and in 1880 sales amounted to $681,341, leaving 408,881 acres unsold,
valued at $3,066,607. Interest was pjissed on the Detroit and Bay Citybonds, not guaranteed, November, 1875, and sale was made Feb. 12,
1880, for $3,625,750. In March, 1881, the Michigan Central bonds for
$4,000,000, secured by mortgage on that road, were issued.—(V. 30. p.
491; V. 31, p. 20, 606, 672; V. 32, p. 205, 368, 437, 497, 511, 679, 686;
V. 33, p. 225, 358, 709.)
Middletown Unionrillc d Water Gap.—Oct. 1,1879, owned from Mid¬
dletown, N. Y., to Unionville, N. J. State Line, 13 miles.
Road opened
June 10,1868.
Is leased to the New Jersey" Midland Railroad at a rental
of 7 per cent on stock ($123,850) and interest on bonds. Paid a dividend
of 2*2 per cent Feb., 1881.
G. Burt, President, Warwick, N. Y.
Milwaukee Lake Shore d Western—Dec. 31, 1880, owned from
Milwaukee, Wis., to*Wausau, Wis., 210 miles; branches—Hortonvillc to
Oshkosh, 23 miles; Manitowoc to Two Rivers, 6 miles, and Eland Junc¬
tion to Birnamwood, 5 miles; total operated, 244 miles. The
companydefaulted ou the interest of its bonds in Dee., 1873. and on Dee.
10,
1875, the property was sold in foreclosure for $2,509,788 and pur¬
chased by- bondholders. The reorganized
company has $5,000,000 pre¬
ferred stock and $1,000,000 common. A consolidated
mortgage for
$5,000,000 is issued to take up all other debts, and the balance for
es tensions, Ac.
Pref. stock has a prior light to 7 per cent from net
earnings. In 18S0 gross earnings were $427,751; net earnings. $154,487. For year ending June 30, 1881, net income was $139,704. (V.
29, p. 226; V. 30, p. 84. 144, 464 ; V. 32, p. 232, 288, 569, 578,636,
657 ; V. 33, p. 580.)
-
Milwaukee d
to
Northern—Jan. 1,1891, owned from Green Bav, Wis.,
Schwartzburg, Wis., 104 miles; branches—Menashaand Appleton to
Hillbert, Wis., 22 miles;
total operated, 126 miles. The new bonds
5 per cent for one year and 6 thereafter
June 5, 1880.foreelosure was made and road sole! for $1,500,000. The
stock is $2,155,000, same as bonds. It is teased to Wisconsin Central
at a rental of 37*2 per cent on gross earnings, terminable
by either
party on 6 months’ notice. Gross earnings, 1879, $383,251; net, $136,033. Gross in 1880, $470,861; net, $175,053. (V. 31,
p. 588 ; V. 32, p.
carry
4 per cent for
one year,
,A
335,437.)
Mine Bill d Schuylkill I7arew.—Nov. 30, 1879, owned from
Schuvlkill
Haven. Pa., to Locust Gap, Pa., with branches, 60*2 miles. Road
was
leased May 12, 1864, to the Philadelphia <v
Reading Railroad Co. for 999
years at a rental of 8 per cent on the capital stock. There is no debt
and 7 per cent dividends are paid. Operations not
separately reported;
included in lessee’s returns.
Mmneapolis d St. Louis— Dee. 31, 1880. owned from Minneapolis to
Albert Lea, 108 miles; Albert Lea to Fort Dodge, 102
miles; Wyoming
to Taylor’s Falls (k owned), 21 miles;
leased, Minneapolis to White
Bear Lake, 15 miles; White Bear Lake to
Duluth, 143 miles; total
operated, 389 miles. In June, 1881, a consolidation was arranged with
$2,000,000 of stock. (See V. 32, p. 613.) Gross earnings for year
1878-9, were $171,344; net earnings, $186,640;
1879-80, gross,
$819,558; net, $256,650. The bonds of the $1,100,000 mort. (1877),
numbered from 1.101 to 1,400, for $500 each
($150,000 in all), are
guaranteed by the Burlington Cellar Rapids A Northern Railroad. The
bonds ou the 15 miles were issued by the
Minneapolis A Duluth Rail¬
road before it was absorbed by this
company-. Preferred stock of
$8,000,000 is authorized and $1,000,000 issued;
common
stock,
$12,000,000 authoiized and $6,000,000 issued; par of both $100 per
share. The projected Southwestern extension runs from
Fort Dod^e,
la., towards Kansas City-, Mo., 325 miles, with a branch to Council
Bluffs, 140 miles. W. D. Washburn, President. (V. 30, p 218 432* V
31, p. 328 ; V. 32, p. 121, 500, 569, 612; V. 33, p. 201, 470, 528.) ’
Mississippi d Tennessee—September 30, 1SS0, owned from Grenada
Miss., to Memphis, Tenn., 3 00 miles. Capital stock, $825,400. Debt
was consolidated as above in 1877.
Earnings for four years past were:
k
Years.
1876-7.,
8 "-8
6
0
4, 5, G
3k
7
7
7
7
7
7
7
6
950,000
280,000
1,015,000
600,000
24G.00!)
500.000
1,500,000
976,000
1,001,000
46,405,000
2,296,000
349,000
14,772.000
7,571,553
956,000
6,100,000
768,000
8
8
9
7
7
6
7
6
7
7
6
8
6
32.0(H)
7,431,000
(?)
6,531,000
30,000,000
7,000,000
g.
g.
g.
g.
g.
-
gg.
g.
g.
g.
g.
g.
g.
lk
6 g.
J.
& J.
M. A N.
M. Ac S.
M. A S.
Miles.
Gross Earn Vs.
100
100
$433,140
378.780
Net Earn’gs.
$212,768
176,935
;N. Y., Union Trust Co.
do
do
do
do
.
do
do
July 1. 1885
May 1, 1800
Sept. 1, 18111
Sept. 1, 1801
m.'a’s.
Middle! o’u.N Y.JstN.B
N. Y., S, s. Sands A Co.
M. & N.
New York.
May 1,
May 1,
N.Y.,Mereh.Exoh.N.Bk.
Juno 1,
J.
.1.
J.
J.
M.
J.
J.
J.
J.
A.
A.
J.
Phila.M.lL AS. II. R.Co.
N.Y., Continental N.Bk.
do
do
do
do
do
do
New York,
do
AD.
A 1>.
A D.
A J.
A O.
A O. N.
A
J.
New York
Y., Imp. A Trad. Bk.
do
Miles.
100
100
1886
Mar. 1, 1000
1021
1011
1010
July 15, 1881.
Jan,
Feb.
Jan.
Juno
Dec.
Juno
1,
1007
1,
1,
1,
1,
1027
1007
1000
1010
1, 1010
Jan.l, 8G-’01.
do
J. A J. N. Y., Union Trust Co.
J. A D.
do
do
F. A A. N.Y., Mercantile Tr. Co.
A. A O.
N. Y., Co.’s Office.
M. A N.
do
do
J. A D.
do
do
M. A N.
do
do
M. A N.
do
do.
M. A N. N Y., National City B’lc
M. A S. N Y.,2G Exch’ge Place.
M. A 8.
New York, Office.
Q.-J.
F. A A. N.Y., Mercantile Tr. Co.
Years.
INCOME ACCOUNT.
Receipts—
Net earnings
Interest and dividends.
4
455,000
7809 81
1st
8
8
8
6
7 W
r?
April 1, 1921
April 1, 1002
July 1, 1003
Jan., 1899
June, 1003
1904-190G
April 1, 1911
May 1. 1900
lies.
1..1920
May 1, 1800
May 1. 1892
Nov.
1, 1919
Sept. 1, 1909
Jan.
3, 1882
Aug., 1888
Gross Earn’gs.
Net Eam’gs.
$373,687
525,489
$169,955
269,379
(V. 28, p. 95; V. 31, p. 205, 587.)
Missmiri Kansasd Texas—Dee. 31,1880. owned from Hannibal, Mo.,
to Denison, Texas, 576 miles; branches—Parsons,
Kan., to Junction City,
Kan., 157 miles; Holden (Mo. Pac. RR.) to Paola, Kan., 54 miles; Deni¬
son. Tex., to Gainesville,Tex., 40 miles; Denison to
Greenville, Tex.,
52 miles; total, 879 miles.
International A Great Northern.—Dec. 31,
1880. from Longview, Texas, to Houston, Texas, 236 miles, and Pales¬
tine, Texas, to Austin City-, Texas, 181 miles; Austin to San Antonio,
80 miles; branches—Troupe, Texas, to Mineola, Texas, 44
miles; Phelps,
Texas, to Huntsville, Texas, 8 miles; Houston, Texas, to Columbia,
Texas, 50 miles; Henderson to Overton, Texas, 16 milesleased, 10
miles, Round Rock to Georgetown; total operated, 625 miles.
The Missouri Kansas A Texas
Company was organized April, 1870,
and embraces by consolidation the Union Pacific—Southern Branch, the
Tebo & Neosho and other minor companies. In 1874 the Hannibal A
Central Missouri was purchased. The company made default on their
consolidated bonds in Dec., 1873, and was operated by a Receiver from
Dei:. 30,1874, to July 1,1876. when the Union Trust
Company of New
York took possession.
The election of Mr. Gould as President took
place in January, 3 880. On Dec. 1, 1880, the company took possession
of its property, paying the overdue coupons. The
company had a laud
grant from the United States estimated at 817,000 acres and from the
State of Kansas 125,000 acres. There is also a grant in the Indian
Territory of 3,622,400
acres
subject to the extinguishment of the Indian
title. The Booueville Bridge Co. is a separate organization, and earns
interest and proportion for sinking fund. Nov. 17, 1880, stockholders
voted to increase stock by- $25,000,000, to make extensions to Rio
Grande River and City of Mexico and Fort Smith, Ark. The general
consolidated mortgage is at $20,000 per mile on all road built and to
lie built; of which $18,217,000 is reserved to take up first consol, amt
prior bonds; $10,000,000 reserved to take up income bonds and inter¬
est, with bonds under tiiis mortgage which may carry less than 6 per
cent interest. At a meeting of stockholders May 18. 1881,
a lease to
the Mo. Pacific for 99
years was ratified on terms following: That the
lessee operate the road and pay the obligatory mortgage interest,
pay¬
ing over the balance to the Missouri Kansas & Texas Company. If there
is a deficit in income the lessee may advanoe money to pay interest, or
in case of failure to make such advance the Missouri Kansas A Texas
can resume possession of its road.
(Bee V. 32, p. 613 )
The International A Great Northern Railroad was
merged with this
eompauy in May, 1881, ny an exchange of two shares of Missouri
Kansas
A
Texas
for
one
of
International
A Great Northern.
The International A Great Northern was a consolidation of
the
Houston A Great Northern Railroad and the International RR. of Texas
on Sept. 22,1873,
The company made default on its bonds, and a Re¬
ceiver was appointed in April, 1878. Bales in foreclosure were made
July 31 and Oct. 14, 1879. In the reorganization the lands of the com¬
pany, amounting to about 5,000,000 acres, were conveyed to tho
second
mortgage bondholders in full settlement for their lien on the road,
which was thereby discharged. The present income bonds were issued
for one-half of old mortgages and overdue interest. Interest at 4 per
cent for 1879 was paid on these and for 1880 5 per cent—2 V per cent
March 1 and 2 V per cent Bept. 1,1881. The option was given till June 1,
1881, to exchange these for the new 6 per cent second mortgage bond.
Prices of Missouri Kausas A Texas stock have been :
18S0.
Jan
Feb
March
April
May
..,
...
June
49 k- 32
48 k- 42
46 k- 41k
453s- 33 k
35 k- 28 k
38k- 28k
-
1881.
48
40k
393b
42k
43
44k
49
-
50k473s47k54.
-
533s-
I
1881.
18S0.
July
August
.
Sept’ber.
October..
Nov’ber
Dec’bcr..
.
393a39k37k39k41k-
Miles.
786
786
30k
44
35
36k
47k- 36k
Gross Earn’gs.
$3,217,278
3,197,321
2,981,681
40 k
45%- 37
The M. K. A T. bonds and U. P. S. Br. bonds received 5 per
1882. Earnings for five y ears past were as follows:
Years.
51 %-
33k
35
39 k
42k- 36k
44k- 38 k
-
cent only till
Net Earnings.
$1,215,999
952,211
428,833
3,344,291
1.271.541
786
1,545,625
4,161,671
-(V. 31, p. 382. 405, 429, 484, 510, 535, 588, 606 ; V 32, p. 101, 183,
205,335,421, 4 69, 526, 552, 613,652, 659, 685,686; V. 33, p. 47, 74,
201, 358, 404, 412, 470, 589, 716.)
786
786
Missouri
Pacific.—This was
a
consolidation in August, 1880, embracing
589 miles, made up of the Missouri Pacific, St. Louis A Lexington, Kan¬
sas City A Eastern and Lexington A Southern in
Missouri; and the St.
Louis Kansiis A Arizona and Kansas City Leavenworth A Atchison in
the State of Kansas, 708 miles in all. In May, 1881, the St. Louis Iron
Mountain A Southern was taken in, as follows:
From St. Louis to
Texarkana, Texas Line, 490 miles; branoh lines, Mineral Point, Mo.,
to Potosi, Mo., 4 miles; Bismarck, Mo., to Belmont, Mo., 120 miles;
Poplar Bluff, Mo., to Bird’s Point, Mo. (Cairo), 71 miles; total, 685 miles.
December,
KAILROAD STOCKS
1891.
Subscribers will
For
column
explanation of
first
on
page
headings, &o., eeo notes
of tables.
(sinking fund $50,000 per
Real estate (depot) bonds
Debt to St. Louis County (no bonds)
2d mortgage
3d mortgage
Consol. M., gold, for $30,000,000 (coup,
‘Carondelet Branch, 1st mortgage
Missouri River RR., 1st mort
annum)..
or rog.)..
Leavenworth Atoll. & N. W., 1st mort., guar
St. Louis & Lexington, 1st mort
Kansas City & Eastern, 1st mort
St. Louis Kansas & Arizona, 1st mort
Lexington <fe Southern, 1st mort
St. L. Iron Mt. A So., lHt mort., coupon—
2d mor., gold, coup., may bo registered
do
do
Ark. Branch, lRt mort., gold, land gr**
do
Cairo Ark. & Tex., 1st, gold, op. or rog.
do
C. & Fulton, 1st, gold, on road and land
do
1st prcf. income bonds,reg.(ouiiiulative)
do
2d prof, income bonds.reg.(cuinulative)
do
General consol, ir ort. (for $32,030,000)
Mobile d Alabama Grand Trunk—Stook
1st mortgage bonds ($20,000 p. m), coupon
Mobile d Girard—2d mort., end. by Cent. Ga. RR..
3d rnortg. bonds
:
1st
payable in gold
pref. iuo. and s. f. debentures,
do
do
do
extension (Ky.
2d
3d
4th
Cairo
Montpelier d Wells
The Pacific
not cumulative
liicer—Stock
Railroad of Mo. was sold in
1&76, for the nominal price
Sept. G,
do
do
do
do
do
do
& Tcnn. RR.)
Date
8ize,
or
Par
Value.
of
Road. Bonds
of
$1,000
1871
1872
233
500 &o.
Amount
Outstanding
$2,573,000
800,000
7(K),000
3,828,000
....
....
....
299
703
1,000
1,000
1,000
5,000,000
15^
1876
1880
1873
21
1870
1,000
43
1374
479,000
650,000
348,000
70
210
310
99
71
301
....
....
GSo
85
....
186
506
472
....
.
22
40
Cent.
1,000
1872
1870
1872
1870
1879
1879
1881
1,000
1874
1,000
1,000
1,000
1,000
1,000
....
1.000
1,000
100
1869
1877
1,000
100
....
100
1,000
1879
1879
1879
1879
1879
1380
4,000,009
6,000,0(H)
2,500,000
1/(50,000
7,900,000
4.054,937
4,140,090
<0
1876-90
300,000
800,000
3,022,517
5,320,600
7,000,000
5,3(H), 0(H)
600.000
900,000
,
•
•
Where
Payable
pal.When Due.
Payable, and by
Whom.
6 g.
6 g.
7
A. & O. N.
6
J.
7
7 g.
7 g.
7 g.
F.
M.
J.
J.
Y., B*k of Commerce.
Stocks- Last
Dividend.
July, 1891
May 1, 1892
Feb., 1885
Nov., 1920
Oct.
1, 1893
Oct.
1, 1889
1894
& J.
•
foreclosure of the 3d mortgage
of $3,000,000, to C. K. Garrison
7
6
5 g.
Aug. 1, 1892
& A. N.Y.,Office 20Nassau st
May l. 1897
As N. New York or London.
As D. New York, Co.’s Office. June 1, 1895
June 1, 1897
do
do
& D.
Jan. 1, 1891
do
do
J. As J.
Pd. May, 1830
do
do
March.
Pd. Oct. 12,’80
do
do
March.
do
do
April 1, 1931
A. As O.
7 g.
J.
7 g.
450,000
1,121,000
1,850.000
'
•
When
J. & J. N.Y., Imp.AsTr. Nat. Bk.
do
do
M. & N.
St. Louis.
mont’ly
M. & N. N.Y., Imp.AsTr. Nat. Bk
New York Agency.
M. & N.
do
do
A. & 0.
7
8
7"
7
1,050,000
1867
at)
56
250,000
409,000
Rate per
1,200,000
....
’
this company was organized with a stock of $800,000.
the sale has been contested, but the U. 8. Supremo Court
decided in favor of the present company. In 1879 the gross earnings
were reported at $3,922,893; net esirnings, $1,783,734.
and others, and
The validity of
discovered In these Tables*
Bonds—Pri nci-
INTEREST OR DIVIDENDS.
Miles
Missouri Pacific—( Continued)—
Mobile d Monty—Stock
Mob He d Oh io—S tock
New mortgage, principle
by slvlng Immediate notice of any error
confer a great favor
DESCRIPTION.
XXXIX
AND BONDS.
600,000
800,000
& J. New York
As
London.
July 1. 1910
2*2
J. As J. N. Y.. Nat. City Bank.
do
do
J. & D.
F. & A. N. Y., Drexel, M. As Co.
.Irt'J., 18HU
Juno, 1897
Feb.. 2, 1880
6 g.
J.
Mobile and New York.
Now York City.
do
do
Yearly.
do
do
Yearly
do
do'
Yearly.
do
do
J. & J.
Doc.
8
4
7
7
7
7
6
2
been in default, and
out sale. The plan
As D.
1, 1927
Yearly.
«
*
*
•
•
Boston.
1892
(?)
will be sold in foreclosure unless reorganized with¬
proposed for the issue of new stook and bonds is
Francis
Clark,
given at length in the Chronicle, Y. 32. p. 636.
B.
President, Mobile, Ala. (V. 30, p 222; V. 32, p. 636.)
Mobile & Girard.—May 31,1881, owned from Columbus, Gn., to Troy,
Ala., 84 miles. Common stock, $987,161; preferred Rtock, $279,900,
$5,080 Pike County stock. Second mortgage bonds are
Central RR. of Ga. Gross earnings in 1878-9 were $195,907 and net
earnings, $60,335. In 1879-80 gross earnings $228,039; net,
and
endorsed by
$1,325,044
$78,704.
4,014,128 In 1880-81, gross. $275,816; net, $86,673. (Vol.29, p. 40; V. 33, p. 73.)
368,599 Mobile & Montgomery.—Dec. 31,1880. owned from Montgomery. Ala.,
Mobile, Ala., 179 miles. Default was made on the bonds in 1873 and
Total
$5,707,773 to
tho road was sold in foreclosure Nov. 16, 1874, and purchased by bond¬
perating expenses and taxes
3,125,326 holders, who organized this company on a stock basis. Tho road has done
well, and in Nov., 1879, $1,550,000 of the stock owned in this country was
Net earnings
$2,552,447 purchased
parties in tho interest of the Louisville & Nashvillo Rail¬
Interest payments
$1,201,925 road at 80, by
giving tho control to that company. The old mortgage debt
Dividend payments
186,297 yet out is $275,000. Gross earnings in 1879, $704,580; net, $228,713.
-(V. 28, p. 327; V. 29, p. 608; V. 30, p. 169, 247.)
In Oct., 1880, quarterly dividends at the rate of 1*2 p. o. were begun. The
consolidated mortgage above is for $30,000,000—trustees John F. Dillon
Mobile & Ohio.—June 30, 1881, owned from Mobile, Ala., to Columbus >
and Edward D. Adams. The bonds are issued to retire the outstanding Ky., 472 miles, and extension (by Ky. & Tenu. RR.) to Cairo, 22 miles ;
bonds of the consolidated company, as aliove given, amounting to branches—Artesia, Miss., to Columbus, Miss., 14 miles; Artosia, Miss.,
$20,18-1,000. The remaining $9,816,000 are to be issued as may be to Starkville, Miss., 11 miles; Muldon, Miss., to Aberdeen, Miss., 9 miles;
required for finishing, constructing, purchase, acquisition, Ate.
total operated, 528 miles. The Co. funded coupons from their bonds in
Tho 8t. Louis Iron Mountain & Southern stock was merged in the Feb., 1867, and resumed payment of interest May, 1870. In 1872 tho 2d
Mo. Pacific in May, 1881, on the basis of three shares of Mo. Pacific for mor! g tge bonds were issued to pay bloating debt. A default was made
four shares of Iron Mountain. In August, 1881, aoircularwas issued May 1, 1874, and two trustees and receivers took possession May 8,
giving holders (Aug. 8) of ten shares Mo. Pac. stock tho right to take 1875. The stock and bonds of the company were placed on the N. Y.
snare in tho Hudson River Contracting Co., to build 250 miles of
Stock Exchange list in July, 1879, and from tho statement then sub¬
road from Knobel, on northern line of Ark. to La. State line, in mitted the following revised description was taken. The new liens issued
Ashley Co., under the Cairo & Fulton charter.
and to be issued areas follows: First.—New mortgage to the Farmers*
The 8t. Louis & Iron Mountain road defaulted on its interest in 1875 Loan & Trust Co., of Now York, as trustees, upon the main lino, excluding
and finally made a compromise with its bondholders, issuing the first branches, to secure bonds in the aggregate amounting to $7,000,000,
pref. income bonds due in 1891-95-97 and 1914. the overdue coupons on dated June 1, 1879, due, in gold coin of the United States. Dec. i,
mortgage bonds, the coupons not being canceled but held in trust as 1927, interest at 6 per cent per annum in lawful money, represented
security. Tho 2d pref. income bonds, due 1914. were issued to holders by coupons, payablo June 1 and Dec. 1 each year, in the cities of New
of consolidated mortgage bonds, and thoso bonds deposited as security.
York and Mobile. The whole amount of these bonds will be issued at
Interest to Dee. 31, 1879, has been paid on tho income bonds, but.
Second.—Deed of trust to the Farmers’ Loan & Trust Co., ns trus¬
nothing for 1880. Tho company offers to exchange them for the new 5 tees, to secure four series of preferred income and sinking fund deben¬
per cent mortgage bonds, with which all other bonds are eventually to tures. which will be issued only to the extent required to meet tho out¬
be retired; interest on both classes of the income bonds is cumulative. standing liabilities of the Mob. & O. RR. Co., after deducting tho amount
The Mercantile Trust. Co. of N. Y. is trustee of the general consol, mort¬ of such liabilities provided for in and by the new mortgage of $7,000,000.
gage. The 8t. L. I. M. & 8o. annual report for 1880 was published in V. These debentures are secured by a deed of trust to the Farmers’ Loan
32, p. 285. Comparative earnings, &c., of St. L. I. M. & 8. for four years Ac Trust Company, covering spccilically the lands (including over
as follows:
1,150,000 acres of''land donated by the United States) and other prop¬
EARNINGS.
1880.
erty not necessary for the operation of the road.
Interest at the
1879.
1878.
1877.
rate of 7 per cent per annum, or in multiples of 1 per
$
but
$
$
$
6,265,597 not exceeding 7 per cent in any one year on these debentures,
5,292,611
4,514,321
4,500,422
Total gross carn’gs
is payable annually upon each series in the order of tlioir priority,
INCOME ACCOUNT.
but only if earned in the preceding fiscal year, and is noil-cumu¬
$
$
$
$
lative. The holders of debentures have one vote for each $100, and each
Receipts—
2,190,371
2,3(H), 555
1,945,956
2,131,902
Net earnings
year they instructed the Farmers’ L. *fe T. Co., trustees, how to vote at
$
$
$
the stockholders’meetings upon the majority of the stock of the Mobile &
$
Disbursements—
2,083,899
2,222.194
1,814,600
1,740,207
Ohio Railroad Company, the power to vote upon which is irrevocably
Interest on bonds....
71,037 with the Farmers’ Loan & Trust Company, until the extinguishment of
40,438
167,027
390,199
Other interest
667,800
said debentures. The foregoing bonds and debentures are issued in for¬
Disc’t
con. in. bds.
163,823 bearance, extension and compromise of the present indebtedness of the
370,257
84,660
32,825
Miscellaneous
Mobile & Ohio Railroad, the entire amount of which (excepting less than
128,3S8 1
311,334
120,331
699,129
per cent of the first liens and a very limited percentage of the inferior
Balance, deficit..
liens), with the power and authority to avail of the decrees of the
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
$
•$
Circuit Court of the United States, adjusting and establishing said In¬
■$
$
Assets—
44,960,735 45,237,716 45,694,908 47,321.485 debtedness, are assigned and transferred to the Fanners Loan & Trust
Road and equipm’t..
111,675 Company, as trustees, for the further security of tho bonds and deben¬
598,313
656,977
753,582
Real estate
3,556.473 3,407,968 tures herein refeired to. The capital stock authorized by the charter is
3,648,008
3,742,908
Lands
493,408 $10,000,000, or 100,0(H) shares of $100 each, of which there have been
506,630
320,56 i
Bills & acc’ts receiv’le
365,822 issued 53,206 shares. The debentures are secured by a deed of trust of the
242,313
198.311
241,383
Materials, fuel, &c...
244,184 land, about 1,143,2*22 acres, and receive 7 per cent, if earned.
386,892
432,363
208.458
Cash
hand
1,706,142
In August, 1881, 7 per cent was declared on 1st preferred incomes,
1,577.753
1,236,415
1,116,081
Income account
671.472 payable 3*s Sept. 1, 1881, and 3*2 February 1, 1882 ; also 2 percent on
656,677
604,827
5,000
Miscellaneous items.
2d incomes, payable Feb. 1, 1882.
The last annual report was published in the Chronicle of September
51,023,147 52,335,184 53,219,959 54,322,156
Total assets
$
$
10, 1881, V. 33, p. 281. Operations for tivo years ending June 30 :
$
$
Liabilities—
Freight (ton)
*Net
Passenger
Gross
21,471,151 21,469,101 21,458,961 21,459,321
Stock
Years.
Miles.
Mileage.
Earnings. Earnings.
Mileage.
25,909,000 25,909,000 30,068.657 30,078.810
Funded debt
18,202
108,210
529
9,004,770
61,388,247 $2,072,634 $163,226
2,438,165
2,440,125
Certfs. & unfund, coil
1,727,205
529
8,715,315
70,706,581
2,098,540 376,321
489,019
539,029
430,415
Bills payable, <fco
1,038,117
506
6,968,900
58,339,703
1,830,620 379,468
1,095,111
1,979,889
777,456
Interest accrued, &c.
506 10,468,635
80.406,765
2.284,615 824,966
54,322,156 1830-81
11,312,655
86.956,914
2,377,817 815,330
53,219,959
52,335,184
Total liabilities... 51,028,147
After deducting all expenses, including extraordinary.
-(V. 29, p. 41. 120. 2.50; V. 30, p. 222, 434; V. 31, p. 153, 257, 559 ;
This includes $585,108 of Arkansas land trust notes.
V. 33, p. 176, 281, 329, 358.)
—(V. 31, p. 328,382, 454, 588, GOG; V. 32. p. 183, 368, 469,488,526,
Montpelier d Wells RivCr.—Dee. 31,1880, owned from Montpelier to
553, 569, 613, 659; V. 33, p, 24, 75, 100, 125. 155, 176, 275, 304, 386, Wells River, Vt.,
38 miles. Reorganized January, 1877. D. R. Sortwell,
442, 50
560, 687.)
President. East Cambridge. Mass. Gross carnmgs in 1879, $84,520;
Mobile d Ala. Grand TVtmfc.—Doc. 31,1880, owned from Mobile, Ala., net.. $19,558; in 1830, gross, $86,479; net, $20,629.
(V. 30, p. 169,
to Rigbee Bridge, 59 miles. The stock was $150,000; 1st mortgage bonds, 272.)
$1,124,000. City Mobile bonds donated $750,000. The company has
is a statement
Earnings from passengers
Earnings from freight
Earnings from other sources
The following
of earnings, expenses. &c.,
in year 18SO:
.•
one
new
once.
are
..
.
on
on
*
*
*
,
si
RAILROAD STOCKS AND BONDS.
Subscribers will csnfer
great favor by giving Immediate notice of any error discovered In these
Tables.
a
DESCRIPTION.
INTEREST OR DIVIDENDS.
Miles
Date Size, or
For explanation of oolumn headings, Ae., see notes
of
of
Par
on first page of tables.
Road. Bonds Value.
Morgan's La.d Texas—1st mort.,gold(N.O.to M.City)
1st mortgage, extension, gold
:
Moms d Essex—Stock
1st mortgage, sinking fund
2d mortgage
m. A 1st on Boonton Br. Ac.
(guar. D.L.AW.)
Consol, mort. (for $25,000,000) guar. D. L. & W..
Special real estate mortgage
Nashua & Lowell—Stock
*
609781187-90
Government, 2d
mort
1st mort. (for $6,300,000), coup
2d mort
Bonds of N. C.A St. L., 1st mort. on two branches
do
do
1st mort. on Tenn. & Pac
do
do
for Jasper Branch
Nashville d Decatur—Stock, guar’d 6 p. c. by L. A N.
1st mort. guar. s. f
2d mortgage
Natchez Jackson d Columbus.—1st mort. gold
Naugatuck—Stock
Nesquehoninq Valley—Stock
34
gold (sink, f., $20,000)
County—1st mortgage
Hudson—1st mortgage
Straitsv.70—1 fit
mortgage
Newburg Dutchess d Connecticut—Income bsnds...
Newburg d New York—1st mortgage
New Castle d Beaver Valley—Stock.
New Haven d Derby—1st A 2d mortgages
New Haven d Northamp. (canal RR.)—-Stock
Mortgage bonds, coupon
Bonds convertible, tax free, coupon
1,000
1,000
1,000
....
1.000
1,000
1,000
1,000
....
1870
1867
1880
....
....
....
1,000
1,000
1869
500 Ac.
50
....
1869
1879
1,000
Hoboken, N. J., 34 miles; total operated, 118 miles. In 1868 this road
was leased in perpetuity to the Del. Lack. A W. RR.
The lessees assume
all liabilities of the Mor. & Essex RR. and
pay 7 per cent per annum on
the capital stock, and they als
agreed to pay 8 per cent in case the
Morris A Essex earns 10 per cent on its stock
m any one year alter the
year 1874. Earnings for five years past were as follows:
Gross
Net
Earnings.
$1,184,723
Div’d
p.
ct.
7
3,368,441
1,222,507
7
2,710,117
782,328
7
3,515,097
1,559,354
7
3,823,652
1.446,193
7
The loss to lessee in 1879 was $900,701; in
1830, $1,012,116. (V. 28,
p. 451 ; V. 30, p. 566; V. 32, p. 183, 577.)
operated with the Boston A Lowell till Oct. 1, 1878. On
October 1,1880, a lease for 100 years to the Boston A
Lowell was
made. There are also $100,000 5 per cent bonds due
July 1, 1900, and
the company holds $300,000 cash assets
against the debt. Operations
and earnings for three j'ears past were as follows:
was
Years.
Miles.
54
54
51
Passenger
Mileage.
Freight (ton) Gross
Mileage.
Earnings.
10,832,906
7,526,444
6,610,125
7,733,360
6.224,991
9,281,579
—(Y. 29, p. 459; V. 31, p. 67, 482, 509; Y 32,
Net
Div.
Earn’gs.
p.c.
481,358
140,306
377,006
168,793
391,923
160,152
p. 16, 43, 335.)
2
C
0»2
Nashville Chattanooga d St. Louis— June 30,
1881, owned from Chat
tanooga, Tenu., to Hickman, Ky., 321 miles; branches—Wartrace,
Tenn,,
to Shelbyville, Tenn., 8 miles;
Bridgeport, Ala., to Victoria, Tenn., 19
miles; proprietary lines—Nashv. to Lebanon, 30
miles; McMinnville to
Manchester, 35 miles; McMinnville to Caney Fork, 13 miles; Decherd
to Fayettev., 40 miles; Centreville
Branch, 20 miles; Duck River RR.
(leased), 35 miles; total, 521 miles. The debt to the United States and
the bonds endorsed by Tennessee are secured
by deposit in trust of this
company's first mort. bonds. Following is a statement of
receipts. Ac.,
for the year ending June 30,1881:
Gross receipts
Operating and extraordinary
Surplus
over
$2,256,186
1,811,780
expenses
operating expenses
$444,405
$541,514
Interest and taxes
.
Earnings for five years ending June 30
Years.
1876-7..
1877-8..
1878-9..
1879-80
1880-81
1
9 g8
C
800,000
1,164,500
250,000
700,000
525,000
100,000
A
A
&
A
&
&
&
A
O.
J.
J.
N.
A.
J.
O.
I).
M. A
F. &
A. A
J. A:
J. A
J. A
J. A
J. A
J. A
J. A
J. A
J. A
A. A
A. &
J. &
M. A
A. &
Whom.
N. Y., Del., Lack AW.
do
do
do
do
do
do
do
do
7
N.Y.,Office N.Y.L.E AW
Q.-J.
Newcastle, Penn.
Various N. Haveu, Mech. Bank.
^
Y., Union Trust Co.
New Haven.
do
do
„
J. A J.
A. A O.
Mayl, T9l4
Aug. 1, 1891
1900
Oct., 1901
June 1, 1915
Boston fa Nashua
N.
A. Dost.. Parker ASt’eknole.
OjNew York A Nashville.
D.
Washington.
J. N. Y., Metrop. Nat. Bk.
J.
do
do
J.
do
do •
J.
do
do
J.
do
do
J.
do
do
D.
J. N. Y., Drexel, M. A Co.
O. Nashville, Co.’s Otfiee.
O. N. Y., Bank of America.
J.
Bridgeport, Conn.
S. Philadelphia, Co.’s office
O. N. Y., Hatch A Foote.
N.
April 1, 1918
July 1, 1920
Jun. 3, 1882
Jan. 1.
no
do
pal,When Due.
Stocks—Last
Dividend.
New York.
do
M. & N.
7
3
7
6
1,300,000
A.
J.
J.
M
F.
J.
A.
J.
Where Payable, aud by
7 g.
(U
2,460,000
When
Payable
Bonus— Princi¬
Vhv
i
Aug. 1, 1893
Out.
1,
1881
June, 1891
1881 to 1836
July 1, 1913
July 1, 1901
Jan. 1. 1917
Jan. 1, 1917
Feb. 1, 1907
Deo., 1881
July 1, 1909
Oct., 1887
April 1, 1910
July 15, 1881
Sept. 1. 1881
Oct.
1, 1904
.Tan',
1, 1896
Nov. 1. 1889
Jan., 1882
1898 to 1900
Oct., 1873
Jan., 1899
April. 1882
Natchez
Jackson d Columbus.—February, 1881, built from
Natchez,
Miss., beyond Martin, Miss., 50 miles. In progress to Jackson
and
bonds sold in New York by Britton A Burr.
Naugatuck— Sept. 30, 1881, owned from Naugatuck Junction
Winsted, Conn., 56*2 miles; leased, Watertown & Waterbury
to
miles; total operated, 66 miles,5 miles of N. Y. N. H. A Hartf. RR., 4h»
being used
bet ween Naugatuck Junction, and
Bridgeport. Has no bonded or floating
debt. Operations and earnings for five
years past were as follows:
Years.
-(V. 31,
Miles.
.
..
....
p.
66
66
66
66
66
Passenger
Mileage.
5,899,088
6,214,917
6,322,281
7,297,580
Freight (ton)
Mileage.
4,308,194
5,742,605
7,366,813
8,489,903
Gross
Earnings.
$520,820
477,834
499.188
592,151
614,410
Net
Div.
Earn’gs.
p.c.
$207,759
206,301
10
10
222.275
10
242,063
201,390
10
10
509, 5 5 7; V. 33, p. 6 21.)
Nesguelioning Talley.—Dec. 31,1880, owned from Nesquehoning Junc¬
tion, Pa., to Tamenend, Pa., 17 miles; Tunnel Branch,
Hauto, Pa.,
Lausford, Pa., 1 mile; total operated, 18 miles. Opened in 1870, to
and
w as leased for 999
years to the Lehigh Coal & Nav. Co. at a lease rental
of $130,000 per annum, but with an
option for the leasees to terminate it
after 1878. In 1879 the lease was modified so as
to pay 7 per cent a
year only. (See terms, V. 29, p. 18.)
Nevada Central.—Dec. 31,1879, owned from Battle Mountain
to Ledlie, Nev., 86 miles; branch, Ledlie, Nev., to Austin,
Nev., 7 miles; total,
93 miles. Bonds admitted to N. Y. Board
April, 1880. (V. 30, p. 409.)
County—Dec. 31,1880, owned from Colfax to Nevada Citr,
Col., 23 miles, narrow gauge. In 1880 gross earniugs were
$115,65.5;
net, $41,168. Stock, $242,200. J. C. Coleman,
President, Grass Valley,
Nevada
Col.
Newark d Hudson.—Dec. 31, 1880, owned from
Bergen Junction to
Leased to New York Lake Erie A Western at a
rental of $33,000 per annum, which
pays interest on bonds and 7 per
cent on the stock of $250,000.
Cortlamit
Newark, N. J., 6 miles.
Nashua d Lowell—March 31, 1880, owned from
Lowell, Mass.,- to
Nashua, N. H., 15 miles; leased—Stony Brook RR. 13 miles; Wilton
RR.,
16 miles; Peterborough RR,, 10
miles; total operated. 54 mill's.
The road
3hi
250^000
1,000 1
Hoboken,N. J.,to Phillipsburg, N. J., 84 miles; branch, Denville, N. J., via Mor. & Es. Tunnel, to
Earnings.
$3,452,319
2,000,000
1,300.000
720,000
200,000
&.C.
100
....
178,000
600,000
187-90
1879
1376
6
7 6
6
6
8
3
7
6 g.
7 g5
1,827,000
1,900,000
500
500 Ac.
100
50
68&70 500
6
3
4
500,000
406,000
5,89 1,000
1,000,000
398,000
300,000
90,000
1,000
1,000
Morris d Essex—Dec. 31,1880,owned from
121
121
121
121
121
7
7
7
7
4
6,670,325
10,000
d Steamship Co.—October, 1881,
Morgan City, 80 miles, ami branches 30
miles; total, 110 miles; extension. Morgan City to Alexandria, La., 150
miles; total, 260 miles.
This company’s application to the New
*York Stock Exchange, July, 1381, stated that: “The
company’s
property consists of sixteen iron steamships, five of which
ply
between New York and New Orleans, nine between
Morgan City,
La., and the various Texas and Mexican ports, and two between New
Orleans, Florida and Havana ports; also four large ferry boats, tugs,
dredge boats, wharves.warehouses, and terminal facilities, besides nearly
the entire capital stock of the Gulf Western A Pacific
Railroad, Texas
Transportation Railway Co., Buffalo Bayou Ship Channel Co., and a
majority interest in the capital stock of the Houston A Texas Central
Railway Co., Ac. It operates 216 miles of completed road in Louisiana,
and has 44 miles under contract.
The capital stock is $5,000,000.
Chas. A. Whitney, President, New Orleans, La.
(V. 33, p. 100.)
Miles.
1876-90.
rr
800,000
200,000
25
1871
1857
1873
1881
1877
1877
1877
from New Orleans to
Years.
5,000,000
3,000,000
284,000
4,991,000
1,025,000
7^
12
15
13
127
92
15,000,000
5,050,000
100
463
340
151
340
321
88
30
94
23
5
44
7
6 g.
3
7
1,800,000
50
250
500 Ac.
54
122
122
122
99
57
Rate per
Cent.
$5,000,000
1,000
Morgan's Louisiana d Texas Railroad
ovnea
Outstanding
$1,000
1871
1875
137
18
Central— 1st mort.,
Somerset d
1864
1866
Amount
.
1873
Bonds endorsed by Tenn
d
....
depot (gold)
Nashville Chattanooga d St. Louis—Stock
Nevada
Nevada
Newark
Newark
1878
1880
84
84
Gen.
Bonds to U. S.
110
150
137
Convertible bonds
Bonds for freight
VOL. XXXIII.
Miles.
341
454
454
508
were as
follows:
Gross
Net
Earnings.
$1,632,277
Earnings.
$682,302
767,995
715,135
914,407
Div’d
p. ct.
3
2
3
Parker, Pres’t, Newark, N. J.
Newark Som. d Sfraitsv.—Sept. 30, 1880, owned from
Newark, O., to
Shawnee, O., 44 miles. Road was completed in 1871. Incased to Sandusky
Mansf. A Newark for 14 years from Jan.
1, 1872. Operated by the Balt.
A Ohio, which pays 30 per cent on
gross earnings, and advances any
additional amount necessary to meet the interest on
the debt. Capital
stock, common, $783,900, and preferred, $189,550. Gross
earnings in
1877-8, $135,295; net, $50,749 ; deficit to lessee, $5,251.
Newb. Dutchess d Conn.—Sept. 30,1830, owned from
Dutchess June.,
N. Y., to Millerton, N. Y., 59 miles.
The Dutchess & Col. RR. was sold
Aug. 5. 1876, aud this company was organized Jan. 8,1877, by the pur¬
chasing bondholders. In 1877-8 gross earnings were $135,823; net,
$5,921; in 1878-9, gross, $164,483; net. $18,546; in
1879-80, gross,
$166,231; net, $29,040. The common stock is $172,000 and preferred
stock $715,350. John S.
Schultze, President, Moor’s Mills, N. Y.
Newburg d N.Y.—Oct. 1, 1880, owned from Vail’s Gate Junction to
Greenwood Junction, N. Y„ 13 miles. Leased October
5, 1866, to Erie
RR., at $17,500 per annum, and operated now by N. Y.
A
Nominal stock,
$500,000.
LakeE.
West.
New Castle & Beaver Val.—Dec.
31,1880, owned from Homewood, Pa.,
to New Castle, Pa., 15 miles. Road in
operation sinoe 1860. Leased to
Pittsb. Ft. W. & Cliic. RR. for 99
years at a rental of 40 per cent on gross
earnings. Lease transferred to Pennsylvania
Company. There is no debt.
In 1878, 24 percent in dividends was
paid; in 1879, 13 per cent; in 1880,
13 p. c. Grogs earnings in 1880,
$325.783; rental received, $130,313.
New Haven &
Derby.—Sept. 30,1881, owned from New Haven, Conn.,
Ansonia, Conn., 13 miles. Road opened Aug. 9, 1871.
Capital stock
is $447,100. New Haven City
guarantees the $225,000 second mort¬
gage bonds. Gross earniugs in 1878-9, $106,478; net, $52,535; gross
earnings in 1879-80, $122,836; net, $48,776; in 1880-81,
gross, $147,564; net, $48,268.
to
New Haven d Northampton —
Sept. 30,1880, owned from New Haven,
Conn., to Bardwell’s Ferry, Troy A Greenfield RR., 95 miles; branches—
Farmington, Conn., to New Hartford, Conn., 14 miles;
3^ to Tariffville, Conn., 1 mile; South Deerfield to Turner’sSimsbury, Conn.,
528
Falls, 10 miles;
2,256,186
878,009
Northampton to Williamsburg, 8 miles; leased, Holyoke & Westfield
—(V. 31, p. 328, 380. 429, 588 ; V. 32,
RR.. 17 miles; total operated, 144 miles. In
p. 39, 231, 232, 313. 335, 437
April, 1881, a control
553, 685, 686; V. 33, p. 101, 176, 201, 304, 329, 356, 442, 717.)of the road was sold to N. Y. New
Haven & Hartford parties. See
V. 32, p. 421. Operations and
earnings for three years past as follows:
Nashville & Decatur— June 30,1879, owned from
Nashville,
Tenn.,
to
Passenger
Freight (ton)
Gross
Net
Decatur, Ala., 122 miles. The road was leased May 4,
Miles.
1871, to the L. Years.
Mileage.
& N. RR. for 30 years from
Mileage.
Earnings. Earnings.
July 1, 1872, at a rental of 6 per cent per
109
annum on the
4,727,857
14,942.798
$588,280 $222,207
stock, to begin after the completion of the So. & North Ala.
144
5,644,750
RR., and the first dividend under this arrangement was
16,365,182
694,506
276,287
paid
April
1
44
1,
875. The lessee assumed all the debt of the
5,612,006
18,705,865
Nashville A Decatur Co.
-(V. 32, p. 99,421.)
1,871,809
1.736,723
2,099,155
RAILROAD
1881.]
Pecsmbeb,
Subscribers will confer
a
Miles
explanation of column headings, dee., see notes
first page
on
AND
BONDS.
xli
great fl»Tor by giving Immediate notice of any error discovered In these Tables*
DESCRIPTION.
For
STOCKS
of tables.
Date
of
of
Road. Bonds.
Northampton—{Continued)—
Holyoke & W.,leased, 1st M.t$60,000 6s, ’98 guar.)
Consol, sinking fund and mort. bonds
New Jersey d New Yorkr- 1st mort. (reorganization)
N. J. Southern—1st mort. (int. guar, by N.Y.A L.B.)
Dong Branch & Sea Shore, 1st mort., guar
New London Northern—Stock....
1st mortgage bonds
Size,
or
Par
"Value.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Amount
Outstanding
Rate per When Where
Cent.
Payable
Payable, and by
pal, When Due.
Stocks—Last
Whom.
Dividend.
New Haven.
Apra’91 <&’98
April, 1. 1909
New Earen d
1876-90.
17
....
’*30
78
ioo
2d mortgage
1,000
100
....
1872
100 Ac.
500 Ac.
1880
1880
1,000
1,000
840
840
1880
1874
....
1853
1854
1853
1,000
JfclOOAc
$100
....
1,000
18
62
40
1876
1880
1875
....
132
....
....
3.32
1872
200
1881
1,000
500 Ac.
100 Ac.
100 Ac.
50
50
100
1,000
100
100
....
....
Jersey d New York.—November, 1880, owned from Jersey City(Erie
Junction), N. J., to Stony Point, N. Y., 30 miles; leased. Nauuet & New
City RR., 5 miles; total operated, 35 miles. Organized Sept. 4, 1874, by
consolidation of the Hackensack & N. Y. RR. and the Hackensack A
N. Y. Extension Railroad; Receiver appointed in 1877. The Hackensack
A Now York Railroad was sold in foreclosure August 14,1878, and was
leased in perpetuity to this company, and now forms part of main line.
Reorganized in 1880, with above debt. Gross inl880, $182,012; net,
$15,529. (V. 29, p. 459, 53S; V. 30, p. 248, 385, 566 ; V. 32, p. 611.)
New Jersey Southern.—Dae. 31,1880, owned from Rod Bank, N. J., to
Atsion, N. J.,54 miles; branches—Eatontown to Long Branch, 5 miles;
Atsion to Ateo, 9 miles; Manchester to Barnegat, 22 miles; other roads:
Sandy Hook to Long Branch, 11 miles; Beach Track, 2 miles; Atsion to
Bayside. 46 miles; total operated, 150 miles. The property was sold
in foreclosure March 31, 1879 (see Chronicle, V. 28, p. 352), and the
present eompaiiy was organized July 25, 1879, with Judge Lathrop,
receiver of the Central or New Jersey, as president. The capital stock
is $
The property is subject to $120,000 on the Tom’s
River Railroad and $200,000 on the Long Branch & Sea Shore RR.
This latter bond is endorsed by the United Companies of New Jersey.
The above mortgage is for $1,590,600, of which $1,449,600 have interest
guaranteed by the New York A Long Branch Railroad by endorsement
of the bonds. The road is now operated as a part of the Central New
Jersey system. (V. 28, p. 146, 173,352; V. 29, p. 121; Y. 32, p. 121.)
New London North cm.—September 30, 1880, owned from New
London, Conn., to Brattlehoro, Vt., 121 miles, of which 100 miles
leased to J. G. Smith and others.
This road lias been operated
since December 1, 1871, under lease to tlio Central Vermont Rail¬
road; the lease was for 20 years at $155,000 per year. Consolidated
mort. bonds issued to retire all other funded and floating debt and to
.
for branch recently purchased from Vermont A Mass. RR. Opera¬
earnings for four years past were as follows:
Div.
Passenger
Freight (ton)
Gross
Net
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings. p.c.
100
5,941,778
12,169,737 $507,889
$137,135
6*2
100
6
4,765,084
11,610,469
470,455
129,609
pay
tions and
..
-(V. 30, p.
100
12,637,957
470,102
159,484
6
100
18,975,296
591,346
179,030
6
3,927,511
6.144,189
169, 384. 409.)
592,000
162,000
O.,
100
1,000
New Orleans Mobile d Texas.—Dee. 31, 1880, owned from Mobile to
New Orleans, with branch to Pontohartrain, 147 miles. The old company
defaulted in 1874, and the property was sold in foreclosure April 24,
1880, and this company organized. Stock is $1,000,000. The road was
leased May 8. 18^0, to Louisville A Nashville, which operates it. The
L. A N. sold its own $6,000,000 bonds secured on this road, against
which a mortgage of same amount is held in trust for the L. A N. The
second mortgage debentures can be paid off before maturity. (See full
statement in Chronicle, V. 31, p. 328.)
New York d Canada.—Dec. 31, 1880, owned
from Whitehall, N. Y., to
Rouse’s Point, N. Y., 113 miles; branches: Tieonderoga, N. Y., to Lake
George, N. Y., 4 miles; Plattsburg, N. Y., to Ausable, N. Y., 20 miles;
"West Chazy to Province line, 13 miles; total operated, 150 miles. This
company was organized March 1,1873, as successor of the Whitehall &
Plattsburg and the Montreal A Plattsburg railroads. The whole line
4,000,000
2,391,000
....
....
3,000.000
74.500
1,000
....
200,000
1,500,000
300,000
387,500
812,000
5,000,000
6,632,300
1,000
1,000
....
1,449,600
89,428,300
500 &c.
500 &c.
1,000
1873
1873
....
Preferred stock
New
1879
1865
income
New Yot'k d Harlem—Common stock
Preferred stock
Consol, mort., coup, or reg., (for $12,000,000)
N. Y. Lackawanna d Western.—Stock ($10,000,000)
1st mortgage, coupon, may be registered
N. Y. Lake Erie d West.— Stock, common
6
6
6
7
I860
1854
N. Y. Chicago d St. Louis—Stock (for $40,000,000)
jf. Y. City Elevated.—Stock
1st mortgage, $ or &
I
N. Y. City d Northern—General mort
New York d Greenwood Lake.—1st mortgage
6 A7
1,200,000
275,000
500 Ac.
600
....
$j $30,000,000 ) coupon or regis
£2,000,000 5
tered.
$260,000
1,000
ioo
121
do
Bonds, B. & N. F. stockholders
Bonds railroad stock (N. Y. Central)
Bonds real estate
do
Renewal bonds
2d mortgage, sinking fund (Hudson River)
2d mort.,
1880
$1,000
100
Consol, mortgage (for $1,500,000)
147
New Orleans Mobile d Texas—1st mort., gold
141
2d mortgage, debenture (non-cumulative), reg...
113
N. Y. d Canada—1st M., sterling, guar. D.A H. (Jan.
New York Central d Hudson Rivet'—Stock
1,000
Premium bonds
(N. Y. Central)
Now mortgage
morrirace
New
1870
1,422,900
20,465,000
9,733,333
0 )
6,500,000
8,500,000
3,685,000
900,000
1,800,000
8,500,000
1,500,000
11,100,000
(?)
12,000,000
77,083,800
8,156,725
1*2
6
7
5
6 g6
6 g.
2
6
6
6
6
6
7
7
6 g.
A.
A.
M.
J.
J.
& 0.
& O.
do
& N. Jersey City, Co.’s Office.
& J. N. Y., Ceut.of N. J.Oftioe
& D.
New York.
New London, Offioe.
Q.—J.
A. & O. N. Y., B’k of N. America
J. A 1).
do
do
J. & J.
do
do
J. & J. N. Y., Drexel M. A Co.
April. N.Y.,Farmers’ L. AT. Co.
M. & N.
London, Baring Bros.
&
&
&
&
&
&
&
&
CentralDepot.
N.Y., Gr.
Q.-J.
M.
M.
M.
M.
J.
J.
J.
J.
N.
N.
N.
N.
D.
D.
J
J.
*
do
do
do
do
do
do
do
do
do
do
do
do
do
do
London.
1910
July 15,1899
Dec.
Wept., 1885
July,
1892
July,
1910
Jan.
1, 1930
May, 1930
May 1. 1901
Jan.16. 1882
May
May
May
May
-
1, 1899
Jan. 1. 1882
Dec.
1, 1888
1,1883
1,1883
1,1883
15, 1887
June, 1885
Jan. 1, 1903
Jan. 1, 1903
....
2*2
7
6
7
7
4
4
7
1
J.
M.
F.
M.
J.
J.
M.
....
REVENUE
Year
&
&
&
A
&
A
&
J. N. Y., Corn Exch. Bank.
N. N. Y., Company’s Office.
A. New York, Co.’s Office.
S.
do
do
J. N.Y., Gr. Central Depot.
J.
do
do
N.
do
do
_
....
6 g.
6
N.Y., Treasurer’s Office.
Q.-J.
J.
A
J.
_
,
.
Apr. 1, 1881
Jan.
1.
1906
May 1, 1910
Jan.
Jan.
3, 1882
3, 1882
May, 1900
.
New York
Agency.
Jan.
1, 1921
Jan. 15,1882
....
ACCOUNTS—1875
1880—FIVE YEARS.
TO
Net Income, Diviending Passenger Freight (Con)
over exp., dends,
Gross
Sep.30. Mileage.
Mileage.
Earnings. iut.&rents, p.c. Surplus.
1876.353,136,145 1,674,447,055 $28,046,588 $7,213,075 8
$73,547
1877.316,847,325 1,619,948,685 26,579,085 6,943,347 8def. 197,312
1878.300,302,140 2,042,755,132 28,910,555 8,038,445 8
898,917
1879.290,953,253 2,295,825,387 28,396.583 7,594,485 8
454,957
1880.330,802,223 2,525,139,145 33,175,913 10,569,219 8 3,427,706
-(V. 29, p. 563, 655 ; V. 30, p. 17, 93, 170, 357. 494, 589. 624; V. 31,
p. 95, 143, 196, 329, 510, 663, 671; V. 32, p. 15, 437 ; V. 33, p. 425,
528, 709.)
-
*
New York
Chicago d SI. Louis—This is the company formed in 1881.
new line of road from Buffalo to Chicago, 521 miles. Of
the above stock $15,000,000 is pref. 7 p. ct., but the issues have not yet
been made, and may be changed. The “ subscriptions” to the stock, oi*
rights, have been quoted much above par. (V. 32, p. 421, 553; V. 33,
p. 176, 255, 469, 716.)
building the
New York
N. Y., east
City Elevated.—Sept. 30, 1880, owned from South Ferry,
side, to 129th Street and west side, to Eighty-third St.,
14*76 miles; branch, 1 mile; total, 15*76 miles. The property wa^
leased to the Manhattan Railroad, with a guarantee of 10 per cent divi¬
dends on the stock. The hist report of operations, for the year ending
Sept. 30,1879, was given in the Chronicle, V. 29, p. 630. Passengers
carried in R379, 29,875,912.
For the first quarter of 1880, see Man¬
hattan Elevated on page 37. Total real cost of this road to
January,
1880. is estimated to have been $8,719,038. (V. 31, p. 68, 95, 123, 304,
329, 358, 405; V. 32, p. 70, 468, 552, 647, 685 ; V. 33, p. 24, 47, 74, 124,
176, 282, 304, 385, 397, 401, 468, 560.)
New York
City d Northern.—Dec. 31, 1881, owned from 157th Street
in 8th Avenue, N. Y.
City (connecting with Metropolitan Elevated), to
Danbury, Conn., 62 miles.
This company was organized March 1,
1878, and jicquired tlio N. Y. Westchester A Putnam (formerly the
N. Y. A Boston Railroad),'sold in foreclosure March, 1876. The com¬
pany in May, 1880, leased the West Side & Yonkers road for 999 years,
and the consolidated mortgage was issued to take up all the other
bonds,
of which $374,000 under a prior mortgage were outstanding Nov. 1,
1881. Stock is $3,000,000.
(V. 30, p, 409, 519, 544, 651; V. 31, p. 95 :
V. 33, p, 101, 265, 288, 500.)
New York d Greenwood Lake.—Dec. 31,1880, owned from
Jersey City,
N. J.. to Greenwood Lake, 40 miles; extension. New Yu**k Lake Erie
& Western, 1*2 miles; total operated, 41*2 miles. Branch to
Orange,
N. J., opened in 1881. This was the Montclair Railroad, opened in
1874. It was sold and reorganized as Montclair & Greenwood Lake,
and again sold October 12, 1878, and the present company organized.
The New York Lake Erie A Western purchased a controlling interest
in the property and now operate it. The holders of the second mort¬
gage bonds have a right to pay off the first mortgage bonds of $900,000
at 105, and thus gain control of the property.
(See Vol. 27, p. 172,
228.)
It has been reported that the New York Lake Erie A Western
purposed extending the road and making it an important part of their
line. In 1880 the gross receipts were $133,452; expenses, $155,071,
—(V. 31. p. 559; V.32, p. 611 )
completed Sept. 18,1876. The road is virtually ownod by the Dela¬
A Hudson Canal Company, which guarantees the bonds. The stock
is $4,000,000. Earnings in 1878-9 were $127,502; in 1879-80, $294,984.
N. r. d Harlem.—Sept. 30, 1880, owned from N. Y. City to
Chatham,
-(V. 29, p. 581; V. 31, p. 357, 483; V. 32, p. 98.)
N. Y., 127 miles. From Chatham to
Albany,
24
miles,
the
Bost.
A Alb,
New York Central d Hudson.—Sept. 30,1880, owned from N. Y. City to RR. is used. This company owns 5*2 miles of street railroad on the
Buffalo, N. Y., 442 miles; branches on N. Y. Cent, division, 298 miles; Fourth Avenue. The property (except the horse railroad) was leased
total owned, 748 miles; lines
leased—Troy & Greeenhush, 6; Niagara April 1,1873, for 401 years, to the N. Y. Central A Hudson River RR.,
Bridge A Canandaigua, 98; Spuyten Duy vil & Port Morris, 6; N. Y. A at a yearly rental from the lessee of 8 per cent dividends on tliS stock ana
Harlem, 127; Lake Mahopac, 7; total, 245 miles; grand total, 993 miles. the Interest on the bonds. The Fourth avenue horse railroad, together
The second track owned is 508 miles; .third track, 270 miles; fourth with valuable real estate, was retained by this company, and extra
track, 236 miles; turnouts, 511 miles—making a total of 2,520 miles of dividends are paid out of the receipts therefrom annually in April. AH
track owned by the company. This company was formed by a consoli¬ operations of the main road are included with those of the N. Y. Central
dation of the New York Central and the Hudson River railroads October & Hudson. (Y. 28, p. 18.)
1,1869. The New York Central was a consolidation of several roads,
New York Lack, d West.—This is the road from Binghamton to Buffalo
under a special law of April 2,1853. The Albany & Schenectady Railabout 200 miles, built under the auspices of Del. Lack. AWest. and the
toad opened September 12,1831, as the Mohawk A Hudson. It was the
Wab. St. Louis A Pae., The mortgage for $12,000,000 is made to the
first railroad built in the State of New York. The famous
scrip divi¬
dend of 80 per cent on the capital stock was m ade in December, 1868, Farmers’ L. A T. Co., trustees. (V. 31, p. 229; V. 32. p. 578, 637; V. 33,
p.47,385, 560.)
and on the consolidation with the Hudson River road
(Nov. 1, 1869) a
further dividend of 27 per cent was distributed on the N. Y. Central
New York Lake Eric d Western.—Sept. 30,1880, owned from Paterson
stock and 85 per cent on the Hudson River stock. The
mortgage for N. J., to Dunkirk, N. Y., 430 miles: branches—Piermont, 18 miles; New$10,000,000 was issued to lay the third and fourth tracks, with a burg, 18 miles; Buffalo, 60 miles; Erie International RR., 5 miles;
sufficient balance retained by the company to retire all prior bonds. In leased—Mont. & Erie RR., 10 miles; Goshen &
Deckertown, 12 miles:
November, 1879, 250,000 shares ($25,000,000) were sola to a syndicate Newburg A N. Y., 13 miles; Pat. Newb. A N. Y., 11 miles; Hawley A
of hankers by Mr. W.H. Vauderbilt at the
price of 120. and 100,000 Honesdale, 24 miles.; Jefferson RR., 37 miles; Buff. Brad. & Pittsb.. 26
shares more afterwards.
Prices of stock have been :
miles; Buff. N. Y. & Erie, 140 miles; Suspension Bridge & Erie Junction,
1880.
1881.
1880.
1881.
23 miles; Rocheste r & Genessee Valley, 18 miles; Avon Gen. A Mount
Jan
135 -129
155 -147*2 July
132*2-126*4 1463*141 *8 Morris, 17 miles; Paterson & Hudson, 15 miles; Paterson & Ram., 15
15114-140
fob
133^-130
August.. 134*2-12838 14514-14112 miles; Lockport & Buffalo, 13 miles ; Buffalo & Southwestern, 68 miles;
March... 137 rl293a 148%-x42*2 Sept’ber 133 xl28*8 14512-14138 controlled—Newark A Hudson, 6 miles; Weehawken New York A Fort
April.... 136 -129*2 147 -14078 October 13818-1293* 14232 1353Q Lee. 5 miles; Northern of N. J., 25 miles; total operated, 1,009 miles.
May
131 .122
Nov’ber
1525&-145
147*2-135
1403*-136*2 In 1881 an arrangement was made for completion of line from Marion,
June
129^-12214 151VXU5 Dec’ber.. 15538-1303*
to Chicago, forming a through route. Sec V. 32, p. 613.
was
ware
.
.
.
Subscriber* will confer a great
For explanation of
on
of tables.
Miles
Date Size, or
Par
of
of
Road. Bonds Value.
New York Lake Erl* d Western—( Continued)—
1st mortgage (extended in 1867 to 1897)
2d mortgage, convertible (extended in 1879)
3d mortgage
4th mort., conv. (extended in 1880 at 5 per cent)
6th mortgage, convertible
Buffalo Branch Bonds
Long Dock Co. mortgage
1st consolidated mortgage, gold
469
funded coupon bonds .
W.f new mort., gold, 2d consol
do
do
do
do fund. coup,
do
income bonds (non-cumulative)
York <£ Long Branch—Stock
do
do
N. Y. L. E. A
817-9*0
Harlem A Portehester. 1 st mortgage, guaranteed.
do
2d mort., coup, or reg
do
New York Ontario & Western—Preferred stock
Common stock
New York Fetin. d: Ohio—Prior lien bonds,gold,$A£
1st mort., gold, incomes till July, 1895, $ A £...
2d mortgage, incomes. $ & £
3d mortgage, incomes, $ A £
Leased linos rental gold bonds (Cl. & M.)
do
(P. P., P. V. and S. & A.)
do
N.Y. Fittsburg d Cliic.—1st M., gold ($18,000 p. m.)
N. Y. frov. A Boston—(Stonington)—Stock
First mortgage
N.Y. Susqneh.d
$1,000
1,000
1858
1861
500 &e
100 Ac
1863
1870
1878
1878
1878
1878
1,000
1,000
1,000
1,000
500 Ac
500 Ac
500 Ac
300 Ac,
1882
263
263
141
12
12
N. Y. & N. England—Stock ($20,000,000 auth’rizcd)
1st mortgage, new ($0,000,000 arc 7s)
Neio York New Haven d Hartford—Stock
mortgage
1847
1879
1853
1857
23
Mortgage bonds ($1,600,000)
1st
1,000
1876
100
1,000
1,000
1873
1881
344
344
427
460
460
460
500
500
500
500
1880
1880
1880
1880
1872
1873
Ac,
Ac.
Ac.
Ac.
1,000
1,000
1881
500 Ac.
100
1869
1881
1,000
1,000
100
Western—Stock, com. ($20,000,00t>)
Preferred stock ($10,000,000)
New mortgage ($5,500,000)
First mortgage.
|Vol» XXXIII.
Tables*
INTEREST OR DIVIDENDS.
column heading, Ac., see notes
tirst page
AND BONDS.
Immediate notice of any error discovered In tbese
favor by giving
DESCRIPTION.
New
STOCKS
RAILROAD
xlii
72
Midland of New Jersey
l'.oo'o
1881
1*80
500 Ac.
Amount
Rate per When
Cent.
Payable
Outstanding
$2,482,000
2,150,000
118877--990.0
,
,
,
4,852,000
,
2,937,000
709,500
182,600
Dividend.
Whom.
N. Y.,
do
A N
A S
A
A
A
A
do
do
do
do
S.
O.
D.
J.
Co.’s office,
do
June 1. 1888
do
do
*
.
do
J. A J N. Y.. Kidder! P. A Co.
J. A J N. Y., Grand Cen. Depot,
do
do
A. A O
do
do
J. A D,
1,000,000
2,000,000
58,113,982
8,000,000
35,000,000
14,500,000
30,000,000
July 1. 1891
Jan., 1893
8ept. 1, 1920
Sept. 1, 1920
Dec. 1, 19C9
Deo. 1, 1969
June 1, 1977
do
do
do
A D.
A D.
8,597,400
508,008
2,000,000
(?)
8,562,000
9,000,000
15,500,000
2,000,000
May 1, 1897
Sept. 1, 1919
Mar. 1, 1883
Oct. 1, 1920
do
do
N. Y., Co.8 Office.
A I).
A 8 New York and London
do
do
A S.
do
do
A D.
3,000,000
16.656,000
3,690,236
24,400,000
BotuLk—Princi¬
pal,When Due
Where Payable, and by Stocks—Last
Jan., 1905
Jam 2, 1882
1903
June 1, 1911
A S. London and New York, Maroh I, 1895
do
do
A J.
July 1, 1905
do
do
A N.
May 1, 1910
do
do
AN.
Nov., 1915
A J.
Jan., 1902
London, Co.’s Office.
do
do
A J.
Jan., 1903
New York Agency.
J. A J.
July 1, 1921
Q.—F. N. Y., M. Morgan's Sons, Nov. 10, 1881
do
do
J. A J.
July 1, 1899
do
do
A. A O,
April 1, 1901
M.
J.
M.
M.
J.
J.
5,355,000
3,568,000
(?)
3,000,000
1,000,000
300,000
3.060,600
2,645.500
J. A J.
A. A O.
6
6 A 5
500,000
3,000,000
N.
1911
Y., Nat. Park Bank,
do
do
AprU 1, 191
Railway went into the hands of a Receiver H V. 30, p. 248, 357, 544, 545; V. 31, p. 44, 67, 153, 306,397, 578,605 ,
Erie Railway was organized as its succes¬ V, 32, p. 121, 335, 367, 420, 444; V. 33, p. 125, 320, 588, 622, 640.)
N. Y. N. Haven d Hartf.—Sept. 30, 1880, owned from Harlem Junotion,
sor.
The Erie Railway defaulted on its bonds in 1875, and was sold
in foiecloeure und6r the second consolidated mortgage iu 1878. The N. Y., to Springfield. Mass., 123 miles; branches to New Britain, MiddleandSuffield, 18 miles; leased—Harlem A Portchester RR., 12 miles;
present company was organized and took possession June 1, 1878. town
Under the plan of reorganization the above statement represents all the. Shore Line RR., 50 miles; total operated, 203 miles. This was a consoli¬
stocks and bonds issued to September 30, 1880.
The total interest dation July 24, 1872, of the N. Y. A New Haven and the Hartf. A N. H.
charge each fiscal year will be as follows: 1880-81, $4,149,091: 1881- railroads. The company uses the N. Y. A liar. RR. from Williamsbrldgo
The company leases the
82, $1,149,091; 1882-83, $1.177,749; 1883-81, $4,235,065. By the into N. Y. City and pays a large toll therefor.
Har. Riv. A Port. RR. and guarantee the bonds. In April, 1881, a
terms of tin* plan one-half of the stock, both common and preferred, is
issued to “ Voting Trustees ” in London, who shall vote on them until controlling interest was bought in the New Haven A Northampton RR.
the dividend on the preferred stock (6 per cent ) has been paid for three stock, by parties in tbe interest of this company. Operations, Ac., for
The New York A Erie
in 1859, and in 1861 the
secured by
are
the second mortgage and
bonds
funded
consecutive
yearsThe
coupon
are
lien of consolidated mortgage. The second funded coupon bonds
5 percents till June, 1883, and after that 6. On
second funded coupon no foreclosure can take place till six coupons
in default. The most prominent feature of the reorganization was
are
the
provision for outlay of new capital on the property, and up to September
30, 1880, the cash from assessments of stock, Ac., amounted to
$3,793,326. Preferred stock has a prior riirht to 6 per cent ("noilcumulative' from the net protits, “as declared by the board .of
directors.” Trices of stock have been as follows:
48
41%
48-
January
February
-
4SV 44%
47%- 43%
46 V 41%
4 33*- 3ui4
43
%- 30
43*4
44 *2- 38%
441-2- 37%
44%
4112- 37^
4514- 3434
49
4” *8
5158- 43^4
March
April
May
June
July
August
September
October
November
December
-Preferrcd.-
—Common.1881.
18S0.
-
.
.
...
52%- 47%
5073- 4 3%
493s- 4512
48^ 44%
51V 47
5014- 44%
47V 41%
44 V 4 1 %
46V 42
4 5 V 4178
48V 44%
1880.
73 %- 67%
73 V 70
72%- 68%
70%- 63%
65 V 47
70 to- 47
72%- 64%
73
-
G5
71%- GO
76
-
70
82%. 72
Passenger
Mileage.
92V 82%
90V 84
89 - 84
92 %- 88
91 %- 86
88%- Soi-2
88 %- 81%
91
Freight (ton)
Mileage.
1,224,701,433
Gross Traffic
Earnings.
$15,644,973,
-
82
88% 81%
96%- 88%
93 V 77
-
The last annual report was published in the Chronicle, V
650. The operations and earnings for four years past were as
Yearcnd’g
6ept. 30.
1831.
95 - 88
.
-
31, p. 587,
follows:
Net Traffic
Earnings.
$5,009,114
4,-: 67,323
140,326,749
1,569,223,417
15,942,022
149,115,718
1,721,112,095
18,693,109
7.049.184
180,460,201
20,715,605
7,459,375
200,483,790
1,934,394,355
Tke company has receipts from other sources, and the total net income
each year (a lowing for full interest on the debt), as compared with the
annual charges, were as follows:
Years.
Net Income. lilt., Rent’ls, Ac.
Surplus.
Deficit
5,718,927
$325,431
$
5,093,496
5,204,770
3,888,664
1,316,106
6.042,519
7,833,140
1,790,620
1878
1S79
8,303,681
G,410,203
1,837,417
—(V.31,p, 20, 63,122,171. 306,429,454, 559,573,5 87, 607, 650, 662,
673; V. 32, p. 101, 183.390, 553, 013, 085; V. 33, p. 53, 74, 101, 202,
329, 433, 583, 601, 622.)
New York d Long Branch—Dec. 31, 1880, owned from Perth
N. J., to Long Branch, 23 miles. It is leased to Central RR,
Amboy,
of New
Branch Division of that road. In
December, 1881, arrangement made with Pennsylvania Railroad to use
the line jointly, and the two companies guarantee interest on the new
bonds. Anthony Reckless, President, N. Y. City. (V. 33, p. 642.)
New York d New England.—Sept. 30, 1881, mileage owned was as fol¬
lows: Boston to Brewsters, N. Y., 190 miles; Providence to Wiltimantie,
58 miles; branches—Brookline, Mass., to Woonsocket, R. I., 34 miles;
E. Thompson Conn., to 8outhbridge, Mass., 17 miles; Islington to Ded¬
ham, Mass., 2 miles; Charles R. to Ridge Hill, Mass., 2 miles ; Dorraneo
Jersey, forming part of the Long
Street, in Providence, 1 mile; total owned, 304 miles.
Leased—Franklin
Valley Falls, 14 miles; Vernon to Rockville, 4 miles; Springfield to E.
Hartford, Ac., 34 miles; total leased, 52 miles; total operated, 316 miles.
Also leases the Norwich A Worcester RR., 06 miles. The extension from
Brewsters to Fishkill on the Hudson River was completed Nov., 1831.
This was the Boston Hartford A Erie Railroad, which became insolvent
and was succeededby this company, formed in 1873. The Boston Hart¬
ford A Erie’s principal debt was the Berdell mortgage for $20,000,000,
which fixes the stock of this present company ($20,000,000). In 1878-9
to
the company acquired the Hartford Providence A Fishkill Railroad by
the payment of its bonds. The new mortgage issued in 1879 was to pay
for the extension of the road to the Hudson River. Ou Sept. 30, 1881,
there was $4,930,541 of
past were as follows :
Miles.
Years.
1878-9..
1879-80
1830-81
...
...
/
285
310
floating debt.
Passenger
Mileage.
36,158 591
41,762,072
Operations, Ac., for three years
Freight (ton)
Mileage.
36,054,609
43,678,700
Gross
Net
Earnings, Earnings.
$1,971,536 $486,323
2,324,940
628,356
2,602,374
691,651
three years were as
Years.
Miles.
152
152
152
follows:
Net
Div.
Earnings, p. c.
$1,648,788 10
1,670.862 10
1,653,565 10
4,252,814
Gross
Passenger Freight (ton)
Mileage.
Earnings.
Mileage.
45,594,854 .$3,817,281
105,458,051
63.187,479
3,912,743
103,113,443
125,300,345
78,372,806
5; V. 31, p.509, 671; V. 32, p. 421,578;
-(V. 29, p. 510: V. 30, p. 15
V. 33, p. 221,561,718.)
New York Ontario d
wego, N.
N. Y.,48
Western.—September 30,1880, owned from Os¬
Y., to Middletown, N. Y., 249 miles: branches to Courtland,
miles; to New Berlin, 22 miles; to Delhi, 17 miles; to Ellen-
ville, 8'miles; total operated, 344 miles. This was the New York A
Oswego Midland. Main line was opened July, 1871. Default was made
iu 1873. and the property placed in the hands of Receivers Sept. 18.
1873. The Western Division was sold in foreclosure May 31, 1876, and
the main line was sold in foreclosure November 14, 1879. The present
of reor¬
stock, the
and inter¬
est, and the holders of other old bonds, notes, judgments and claims
were permitted to take new stock at par on payment of 20 per cent
assessment in cash within 30 days from January 22, 1880. And stock
was issued on payment of 30 per cent cash within six months from
Jan. 22, 188o, to the holders of old stock and convertible non-mort. b’ds.
From those assessments about $9,009,000 was received, and in Feb¬
ruary, 1881, a contract was made with tho North River Construction Oo.
(capital $10,000,000) for completing a road to Buffalo. In Sept., 1881,
further agreements were mode with the New York West Shore A Buffalo
road.
(V. 33, p. 353.) Preferred stock to receive 6 per o nt (non-oumulative) from net earnings; surplus goes te common. Operations and
earnings for three years past were as follows:
company was
organized January 22, 1880, and under the plan
ganization the holders of receiver’s certificates took preferred
first mortgage bondholders took common stock for principal
Passenger
Years.
....
Miles.
Mileage.
344
5,579,976
344 ' 5,290,076
344
6,346,667
Freight (ton)
Gross
Mileage.
Earnings.
12,701,830 ' $560,020
12,564,218
523,592
13,974,253
683,212
Net
Earnings.
$53,662
35,713
17,508
—(V. 30. p. 43, 92, 170, 222. 241, 323, 381, 519, 589, 650; V. 31, p. 95,
123, 282, 559, 589; V. 32, p. 70, 101, 183, 206; V. 33, p. 358, 716.) 1
Salamanca,
branches—Meadville, Pa., to Oil City,
leased linos—
and branch,
36 miles; Lib¬
erty A Vienna RR,, Vienna Junction to Vienna, 3 miles; Ohio Line to
Sharon. Pa.. 1 mile; Sharon R’y, Sharon, Pa., to main line, 9 miles; total
operated, 556 miles. Changed to standard gauge June, 1880. Formerly
Atlantic & Great Western Railway. Sold July!, 1871, and leased to
Erie on May 1, 1874, but lease not oarriod out. Again in hands
of a Receiver Dec. 9, 1874. Sold Jan. G, 1880, and reorganized by a
1/Ondon committee of stock and bond holders. (See V. 30, p. 143.) Five
trustees are to exercise the voting power of the new stock until the third
mortgage bondholders receive 7 per cent interest in cash during three
Three of these trustees are to be chosen annually by a majority
vears.
In value of the first mortgage bondholders, one by the second mort¬
gage bondholders, and the fifth by the leased lino bondholders. Sec
V. 31, p. 607. The new bonds of tho reorganized company, subse¬
quent to the prior lien bonds, are issued upon the following basis:
(1.) The first mortgage bonds to bear 5 percent interest till January
1, 1881, and 7 per cent thereafter, whatever portion of this that
may not bo earned to be payable in deferred warrants, to bo capi¬
talized in bonds of the same class; payment of interest to become abso¬
lute not later than July 1,1895, and until June 1, 1895, the right to
foreclose the mortgage is suspended. (2.) Second mortgage bonds t#
receive 5 per cent" per annum, after prior mortgages, if earned, (d.)
Third mortgage bonds receive 5 per cent interest, if earned, after pnor
bonds. On the second and third bonds there is no right to sue the com¬
New York Pennsylvania d O.—Sept. 30, 1880. owned from
N. Y., to Dayton, O., 383 miles;
33 miles; Junction (main line) to Silver Creek, O., 2 miles;
Clove. A Mahon. RR., Cleveland. O., to Pa. Line, 80 miles,
13 miles; Niles A New Lisbon RR., Niles to New Lisbon,
pany or to foreclose.
Tho leased lines’ bonds of 1872 are to reooivo 4 per
first three yeirs; 5 *.er oent thereafter for six years,
thereafter until maturity. The leased lines’ bonds of
oeive the net profits up to 7 per oent (but not less than 2
the flist two years) arising from the working of the lines
are held by trustees. The stock is—pref. shares,
$35,009,000.
The annual report m V. 32, p.
v
cent for tno
and 6 per cent
1873 axe to re-
per oent
during
whose securities
$10,000,000; oom^Bhares,
333, gave the following:
Dbchmber,
RAILROAD
1881.]
AND
STOCKS
BONDS]
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For
explanation of column headings, &c., see notes
first page of tables.
on
*16
£ Rockaway— 1st mortgage
Niagara Bridge <£ Canandaigua— Stock
Norfolk dt Western.—Common stock
N. Y. Woodhaven
428
81
133
133
133
214
214
223
223
223
79
58
56
56
Norfolk Sc Petersburg—2d mort
South Side—1st pref. consol, mort
do
2d
3d
do
guar.
Petersb’rg
do
Virginia & Tennessee—Enlarged mortgage
do
do
187-90.
$1,000
North Carolina—Stock,
4th mortgage
common
preferred stock
Mortgage bonds
North Pacific Coa$l—Stock
North Pennsylvania—Stock, guar
1st mortgage
2a mortgage
General mortgage bonds
Bonds soourod by $1,200,000 stock
Northeastern (S. C.)—Stock, common
pref. stock (8 per cent) exchangeable for 2d mort.
102
102
102
102
112
47
322
138
138
138
138
138
138
138
138
Northern (Cal.)—1st mortgage
San Pablo Sc Tulare—1st mort
Northern C'eiUral—Stock
1st mortgage, State (Maryland) loan
2d mortgage, sinking fund, coupon
3d mortgage, sinking fund, coupon
Consolidated mortgage, gold, coupon
Consolidated mortgage, gold, registered
OonBol. general mort., gold, s. f., coup., $ or £—
2d general mort., “A,” coupon
:
do
” B.” coupon, convertible
incomp: ACCOUNT
1881
1868
1866
1,000
1666
200 &c.
1866
1854
1865
200 &c.
100
100
500
....
’67-’68
m
m
50
500 &c.
500 &c.
»
....
....
1869
1869
1877
1878
*
*
50
50
500
500
....
1,000
50
....
....
....
1855
1865
1868
1868
’74-’77
1876
1876
1,000
1,000
1,000
1,000
1,000
$263,614
356,277
60,870
Net income for the year 1880
$1,017,504
Deduct:
Interest on prior lien bonds, due and accrued
$400,000
Payments on account improvements and additions 96,344
Intoroat on first mortgage bonds, $862,500 (onehalf paid in cash), due January 1, 1881
431,250
927,594
Total deductions
Surplus for the year
$89,909
-(V. 30, p. 42, 143, 465, 494, 625, 650; V. 31, p. 68, 153, 534, 607; V
32, p.333 ; V. 33, p. 226, 502, 588.)
Pittsburg d- Chicago.—This is the projected lino from Red
Bank, l’a., to Huntington, Ind., and to Chicago, forming a western con¬
nection fur the'Central of New Jersey. The company is building from
Wampum, Pa., to Marion, O., 165 miles, and the whole route trom New
York City to Marion, O, is exiiectod to be in operation by Jan. 1, 1883.
Henry Day, N. Y., is trustee of the mortgage, and Gen. J. S. Negley,
Pittsburg, is President.
Freight (ton)
Gross
*Net
Div
Mileage.
Mileage.
Earnings.
Income,
p.c.
17,858,442
10,405,601 $710,038 $398,116 10
11,467,971
19,377,410
689.008
318,656
8
7112 22,167,232
779,885
349,096
8
11,290,326
*• 73
13,098,143
355,245
8
22,862,036
*
Including div. from Stonington Steamboat Co., and other receipts.
-(V. 31, p. 651; Y. 32, p. 368 ; Y. 33, p. 559, 715.)
..
New York Susquehanna <6 Western.—Jersey City to Unionville, N. Y.,
72 miles; Ogdensburg to Scranton, Pa. (building), 125 miles. This was
a consolidation in Sept., 1881, of the Midland of N. J., the Paterson Ex¬
tension, the North Jersey, the Pennsylvania Midland and the Midland
Connecting railroads. The lines wheu completed were to be continuous
Bergen (Jersey City) to Scranton, Pa., but in Dec., 1881, reported
negotiations for selling to Delaware Lack. & Western. In addition to
above has $250,000 6 per cent bonds on Paterson Extension, due
1911.
Stock authorized, common, $20,000,000; preferred, $10,000,-
""from
Dividends
on
preferred are cumulative.
New York West Shoi'c <£
(V. 33. p. 255, 282, 716,
Buffalo.—This is the consolidation in July,
1881, of the West Shore & Buffalo, the Jersey City & Albany and the
North River railroads. It is building (by the North River Construction
Company) a line parallel to the New York Central to Buffalo, and con¬
necting with the road of the New York Ontario Sc Western. The New
YorK terminus is
24, 226, 358, 528.)
through the new tunnel at Weehawken.
(V. 33, p
N. Y. Woodhaven <6 Rockaway.—June 30,1880, owned from Hunter’s
Point, L. I., to Rockaway Beach, 12 miles; branch to Far Rockaway, 4
miles; total operated, 16 miles. By contract with Long Island RR. is
to control all travel to the Beach by rail. The stock is $1,000,000.
(V.
30, p. 494, 559; V, 31, p. 229.)
Niagara Bridge & Canandaigua.—Oct. 1,1881, owned from Canan¬
daigua to Suspension Bridge, N. Y., 98 miles. The road is leased in
perpetuity to the New York Central Sc Hudson at $60,000 per annum.
Has no debt, but prior to foreclosure mortgages were $2,170,000.
Norfolk <£ Western.—April, 1881, owned from Norfolk, Va.. to Peters¬
burg, Va., 81 miles; Petersburg, Va., to Lynchburg, Va., 123 miles;
Lynchburg, Va., to Bristol, 204 miles; branches—Petersburg to City
Point, Va., 10 miles; Junction to Saltville, Va., 10 miles; total oper¬
ated, 428 miles.
This
consolidation, November 12, 1870, of
Norfolk & Petersburg, South Side and Virginia & Tennessee; in all,
with branches, 428 miles.
In all these routes the State of Virginia
held the
was
& J.
& J.
Sc J.
6 g.
8
8
6
6
6
8
3
3
8
M.
J.
J.
J.
J.
J.
J.
M.
M.
M.
&
&
&
&
&
&
&
&
&
&
<0 :1=3-
*
1*4
6
7
7
6
J. & J.
M. & N.
J. & J.
4
8
8
6
6
3
6
6
6
6 g.
6 g.
6 g.
5
6
M.
M.
M.
J.
3,118,000
1,023,000
5,842,000
1,500,000
1,490,000
1,126,000
2,599,000
205,000
4,580,000
2,962,000
1.000.000
N.
1
&
&
&
&
A. Sc
J. &
Now York.
Y., Fisk & Hatch.
N
S.
S.
J.
O.
J-
Q.—J.
Philadelphia Office.
do
do
do
do
do
do
July, 1931
1909
Jan. 2, 1882
Nov. 25, 1881
Jan. 1. 1885
May 1, 1896
1903
Baltimore Sc Philadel.
Nov., 1881
Sept. 1, 1899
Sept. 1. 1899
Jan. 1, 1907
April 1, 1908
Jan.16, 1882
Annapolis.
Irredeemable.
Charleston, Office.
do
do
Central Pacific RR.
do
do
&
A. Sc
J. &
A. &
J.
Dividend.
N. N. Y. and Philadelphia. May 1, 1931
J. Norfolk, Va.,Ex.Nat.Bk. July 1, 1893
N. Y., Nat. Park Bk.
J.
Jan. 1, ’84-’90
J.
Jan. 1. *84-’90
Petersburg, Va. ’
do
J.
do
Jan.l,’96-1900
J. N. Y., Fourth Nat. Bk.
July 1, 1884
do
J.
do
Moh. 1, 1900
S. Company Shops, N. C.
Sept. 1, 1881
do
8.
do
Sept. 1. 1881
do
N.
do
Nov., 1888
1.930,500
1,500,000
2,569,500
1,200,000
899,350
86,000
820,000
J. Baltimore, 1st Nat. Bk.
O. Baltimore & Pliiladel.
J. Baltimore, 1st Nat. Bk.
O. Baltimore, 1st Nat. Bk.
& J. London Sc Baltimore.
July, 1885
April, 1900
July 1, 1900
July 1, 1900
July 1, 1904
[J. Sc J, Baltimore, 1st Nat. Bk. Jan.
J.
do
do
Jan.
1, 1926
1, 1926
in second mortgage bonds. Default on consolidated bonds was made
October 1, 1873, and the road was sold iu foreclosure Feb. 10, 1881, to
Mr. Clarence S. Clark, of Philadelphia, for $8,605,000, ou behalf of
capitalists interested in the Shenandoah Valley road. (See V. 32, p. 182).
reorganized company is now the Norfolk & Western.
The com¬
pany issues $15,000,000 preferred stock, $3,000,000 common stock, and
$11,000,000 new mortgage bonds, to be used according to the plan
published iu the Chronicle, V. 32, p. 334,421. Operations and earnings
for six years past, ending June 30, were:
Passenger
Freight (ton)
Gross
Net
Years.
a
controlling interest, and sold out to the company for $4,000,000
Milos.
•
428
428
428
428
428
428
Mileage.
10,616,924
9,531,442
9,470,223
Mileage.
60,610,288
67,531,874
70,797,576
73,662,480
98,595,455
Earnings.
$1,742,251
Earnings.
$540,539
1,791,579
1,781,710
8,079,780
1,673,131
9,244,356
1,936,641
2,149,490
—(V. 32, p. 182, 334, 395, 421, 501, 527, 569, 578; V. 33, p.
433,5 59,587,687.)
600,633
486,889
612,043
943,413
998,913
74, 357,
No. Carolina.—Mny 31,1881, owned from Goldsboro to Charlotte, N. C.,
223 miles. The property was leased Sept'll, 1871, to the Rich. & Danv.
Railroad for 30 years at a rental of $260,000 per year. Dividends of 6
per cent are paid on the stock, of which the State of North Carolina holds
$3,000,000, and the dividends thus received by the State are applied to
her bonds issued to the North Carolina Railroad. (V. 29, p. 96; V. 31, p.
482, 589; V. 33, p. 99.)
North
Pacific Coast.—Dec. 31,1880, owned from Saucelito to Moscow
Mills, Cal., 74 miles; branch to San Rafael, 2 miles; leased, San Rafael
to San
Boston.—Sept. 30,1881, owned from Providence. R. I., to
Groton,Conn., 63miles; Warwick RR., 10 miles; operates alsoPawtuxet
and Pontiac branch roads, 10 miles; total operated, 83 mileSi Owns a
majority interest in the Prov. & Ston. Steamship Line, which has a capi¬
tal of $1,400,000. For the liscal year ending Sept. 1, 1880, annual
report is given in V. 31, p. 51. Operations and earnings for three years
N. Y. Prov. <&
Miles.
63
63
J.
J.
J.
Stocks—Laikt
The
700,772
past were as follows:
Passenger
5 g.
7
3
4,527,150
236.000
500 &c.
500 &c.
$1,718,276
Total payments
000.
1875-690
703,000
581,300
452,800
990,000
1,000,000
3,000,000
1,000,000
210,000
1,074,900
1,000
1,000
....
m
496,000
1,000
1,000
1880.
Total net income in 1880 from all sources...
Out of which were paid fixed charges as follows:
Rental of equipment
Rental of all leased lines
General expenses, taxes, &o
Years.
1,000,000
3,000,000
15,000,000
6,000,000
....
1881
1st mortgage, new
2d mortgage, new
New York
(D
$1,000,000
98
General inert., gold
do
1881
1879
cent) stock
per
pal,When Due*
by
.
N.Y.W. Shore <6 Buff.— 1st M., gold (for$50,000,000)
Preferred (6
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount
Rate per When Where Payable, and
of
of
Par
Cent.
Road. Bonds. Value. Outstanding
Whom.
Payable
Quentin, 4 miles
;
total operated, 80 miles.
Earnings in 1880, $275,203: net, $75,011.
No.
Stock, $1,074,900.
Pennsylvania.—Nor. 30,1880. owned from Pliila., Pa., to Bethle¬
hem, Pa., 56 miles; branches—Jenkint’n to Dela. River, 20 miles; Lansdale to Do.yle8town, 10 miles; Iron Hill to Shimersville, 2 miles; total,
operated, 88 miles. The Northeast Penn, and the Stony Creek roads are
operated under contract. The company has been doing a fair business,
but paying very moderate dividends, and in May, 1879, was leased for
990 years to the Philadelphia & Reading Railroad on the terms as stated,
in V. 28, p. 625, viz., that the lessees should pay in quarterly payments
(February 1, May 1, August 1 and November 1) $673,344 for each of the
the first and second years; in the third and fourth years each $718,615.
and after that $763,887 per year. This is intended to cover all fixed
charges of the lessors, and pay 6 per cent on their stock for two years,
7 per cent for two years and 8 per cent afterwards. (V. 32, p. 184.)
Northeastern (S. C.)-Sept. 30,1880, owned from Charleston, 8. C., to
Florence, 8. C., 102 miles. This company hits earned the interest on its
bonds and preferred stock with a good surplus. In 1878-9 gross earn¬
ings were $346,267; uctearamg8, $135,364; in 1879-80, gross, $404,-
894; not, $185,659.
(See last annual report, V. 31, p. 651.)
ferred stock is exchangeable for second mortgage bonds.
Noi’thcni California.- Dec. 31,
The pre¬
1880, owned from W. Oakland to Sui-
Cal., 47 miles; extension, Woodland to Willows, 65 miles; leased
San Pablo & Tulare Railroad—Martiuez to Tracy City, 47 miles; total
sun,
operated, 159 miles.
Completed in 1878 and leased in part to the
Central Pacific since Jan. 1, 1876, at a rental of $1,500 per month for
Northern and $300 per month for S. P. & T. The Northern stock is
$4,710,500, and San P. Sc T. stock, $1,861,000.
President, San Francisco.
W. V. Huntington,
Northern Central.—Dec. 31,1880, owned from Baltimore. Md., to Sunbury, Pa., 138 miles; branch—Relay to Green Spring, 9 miles; leased—
Shamokin Valley & Pottsvillo RR., 28 miles; Elmira & Williamsport
RR., 78 miles; Chemung RR., 22 miles; Elmira Jeff. & Can. RR. 47 miles;
total. 322 miles. This was a consolidation or several roads in Jan., 1875.
The terms of the several leases will be found under the names of the leased
roads. The company is under the management of the Pennsylvania RR.
interest, and Mr. Geo.B. Roberts is President. The last annual report was
published in V. 32, p. 287, showing the application of income for the year
1880, the earnings, See. The consolidated mortgage (gold) of 1874 was
for $10,000,000 to retire all prior bonds ; the bonds are issued as series
“A” and “ B ” $ or £, series “ C ” dollar and the “ million dollar” loan.
Under the general mortgage of 1876 $1,000,000 more maybe issued as
Series C. Operations and earnings for five years past were as follows:
Passenger Freight (ton)
Gross
Net
Div’d
Miles.
Years.
Mileage.
Mileage.
Earnings. Earnings, p. ct.
322 43,401,086 253,552,485 $4,369,926 $1,333,440
3
1876..
322 25,726,768 277,752,734 4,070,388 1,324,463 ....
1877..
...322 24,122,837 280,236,742 3,723,457 1,118,960 ....
1878..
322 25,888,514 404,192,761 4,107,948 1,246,006 ....
1879..
...322 29,880,642 461,904,456 5,050,387 1,795,U9
2*9
1880..
-(V. 31, p. 329, 673; V. 32, p. 121, 230, 232, 28T, 578.
...
...
...
xliv
RAILROAD
8ub«cril>er« will confer
a
STOCKS AND
Miles
Date
of
Northern Central (Mich.)—1st mortgage
-Northern. N. H.—Stock
Northern of New Jersey— Stock
1st mortgage, extended
2d mortgage
61
or
Par
21
21
21
p. c., not cum'tive).
720
Mortgage and land grant bonds, Missouri Div....
Mortgage and land gr. bonds. Pend d’Oreille Div.
Consol. M. Id. g., gold, $25,000 p. m., coup, or reg.
205
209
Northwestern Ohio—Stock
Norwich db iVot'cester—Stock
New bonds, coupon
850
79
118
118
60
60
98
($996,000are 7s) s.f. 1
p.e
Cin.H.A (. (June.) RR., 1st M., guar
Clcve. C. C.AI., 1 st M.(C. C. A 0. RR.) $25,000 a yr.
do
1st molt., Bel. A Ind
do
^
1st mort.. C., C., C. A I. sink, fund
do
Cons. M. for $7,500,000 (s.f. 1 p.e.)
,
Ohio Central—mortgage gold
Income bonds (nou-cumulative)
Terminal mortgage bonds
1st mort., Mineral Div
Incomes,
1879
1879
1880
tp
~
*
do
Chio J Mississippi—Stock, common
Preferred stock (7 p. c. yearly, cumulative)
Income aud funded debt bonds
1st consolidated mort. ($3,445,000 are s.
Consolidated mortgage, sterling
1,000
1870
1,000
1,000
f.)
138
202
390
390
200
200
200
26
26
100
1877'
500 Ac.
100 Ac.
100
1865
1,000
1,000
1,000
1873
1860
1864
1869
1,000
1,000
1,000
1880
1,0(>0
1,000
393
393
148
393
393
500
1874
1880
1880
1881
1881
1,000
1,000
1,000
.£‘200
f107,372.
top.that
earnings
were considerably larger. ((V.
date,
8, p. 552; Prior
V. 30,
599;
V. 32,
p. 610.)
Northern of Neto Jersey — From Bergen, N. J., to Sparkill. N. Y., 21
miles. The company operates an extension to Nyaek. called the
Nyaek
A Northern Railroad. This road was opened Oct. 1, 1859.
By contraot
of April, 1869, it is operated by New York Lake Erie A Western at 35
per cent of its gross earnings. It is understood the contract is ter¬
minable by either party on notice.
Gross earnings in 1880 were
(V. 30, p. 566; Y. 32, p. 611.)
Northei'n Pacific— June 30,1881, operated from Duluth, Minn., to Rismark, Dak. Ter., 450 miles; branch, Casselton to Blanchard, 32 miles;
Pacific Division, Tacoma to Kalama, lo5 miles, and Tacoma to
Wilkeson,
31 miles—136 miles; total, 618 miles and 311 miles more
just finished.
Owns one-half 8t. Paul A Duluth RR., 24 miles, and uses 75 miles of St,
Paul Minn A Man., St. Paul to Sauk Rapids, and leases Western
RR.,
Sauk Rapids to Brainerd, 61 miles; total operated for
business, 754
miles. The gap between Mo. Div. and Pend d’Oriello Div. is 820 miles.
This company was chartered by act of Congress July 2,
1864, to build
from Lake Superior to Puget Sound, 1,800 miles, with branch to Port¬
land, Oregon, 200 miles. The land giant was 20 sections per mile in
States and 40 sections in Territories. The company defaulted
January,
1874, and the road was foreclosed August 12, 1878, and reorganized by
the bondholders’ committee Sept. 29, 1875. To tlie bondholders new
preferred stock was issued at the rate of $1,400 for each $1,000 bond.
Pref. stock is entitled to 8 per cent, not cumulative; then common to
8; then both share.
Of the above pref. stock $2,851,455 was owned
by the company
June 30,1881. This preferred stock is taken in payment for the com¬
east )i the Missouri River at par (3,473.471 acres), but has
pany’s lands
no lien
whatever on the road; the Missouri Div. bonds and Pend
•d’Oreille Division bonds arc receivable for lands on those sections. In
1880-81 the sales of land east of the Missouri River were 5S8,0«0 acres,
for $1,805,36s, an average of $2 59 per acre.
A syndicate in November, 1880. subscribed for $10,000,000 new
conolidated mortgage bonds, with privilege of taking $10,000,000 more
toily lor next three y< ars, to finish the road, and they took and sold
2<,( f C,0< 0 ot the l ends in J.jl, 1881. The mortgage is for $25,000
per mile of road. Central Trust Co. of N. Y., trustee. The bonds are
received in payment for lands at 110 and interest, ;uid proceeds of land
sold must be applied to purchase of these bonds at 110 and interest.
Sinking fund of one per cent per annum begins in 1885.
In February. 1881, parties interested in tbe
Oregon Navigation &
Railroad Co. purchased a controlling interest in the stock; tlie'l80.000
shares of common stock never issued since
reorganization w*rc partly
distributed
Tlis last annual report is iu V. 33, p. 302.
(V. 3!,p. 68,
95, 230, 356. 358, 397, 454.535,560, 579, 589; V. 32. p. 4. 44, 121.
184, 232, 313, 323, 335, 368, 836, 421, 553, 569, 687 ; Y. 33, p. 154, 588,
687.)
Northwestern Ohio
Dec. 31, 1881, owned from Toledo Junction to
Toledo. O.. 79 miles. This was a consolid ition of the Tol. Tiffin A
E:vst.,
aho Mansfield C«>l<lwater A L. M., and the Toledo A Woodvillo roads.
Leased to Penn. Company at cost of
operating. In 1880 gross earnings
4$276,165; net, $49,670.
—
Norwich <£ Worcester— Sept. 30, 1881, owned from Norwich, Conn.,
-to Worcester, Mass., 59 miles; branch; Norwich to
Allyn’s Point, 7
miles; total, 66 miles. In 1869 the road was leased to the Boston Hart
-ford A Erie for ICO years, the lessees to pay all liabilities and 10 per
cent on the capital stock. There has been somo discussion as to reduc¬
ing the rental, and the present lessee
nate the.
;p.
.200).
company has the option to termi¬
operates under temporary agreement (see V. 28,
Earnings, Ac., lor four years past have been as follows:
lease, and
now"
Gross
Y^ars.
876-77
-877-78
-878-79
879-80
—(V. 27,
Net
Earnings.
$716,635
666,883
666.830
707,581
p.
537; V. 28,
p.
Total
Interest
Earnings.
Revenue.
& Div'ds.
$315,107
269,779
274,457
291,390
$116,243
312,095
741,316
$309,229
283,764
283,809
404,715
283,905
200.)
Ogdensburg J Lake Champlain.—March 31,18S1, owned from Rouse’s
Point, N. Y., to Ogdensburg, N. Y., 118 miles; branches, 4 miles; total.
122 miles. The earnings of the road having decreased of late years,
In January, 1880, the executive committee issued a circular pro¬
posing certain terms of adjustment (sceV. 30, p. 118. 144j, which have
been substantially carried out.
Operations and earnings for four years
past were as follows:
Rate per When Where
Cent.
Payable
7
3
600.000
300,000
300,000
Years.
J.
M.
J.
M.
J.
A.
8
6
6
3 A 6
7
6 A 7
7
7
7
7
7 or 6 g.
6 g.
7
6
o g.
7 g.
J.
May 1, 1919
Sept. 1, 1919
Jan. 1, 1921
.
A J. N.
A. A O.
J.
J.
J.
M.
A
A
A
A
A
Y., Winslow, L. A Co. July 20,1885
do
do
Oct., 1905
do
J.
do
D.
N. Y ,U. S. Trust Co.
J.
do
do
N.
do
do
J.
D. New York or London.
J. A J. N.Y. Metropolitan N.Bk
do
do
J. A J.
do
do
J. & J.
do
do
J. A J.
do
do
....
ALA S.
7
7
6
A. A O.
J. A J.
J. & J.
g.
New York Office.
do
do
do
do
A
3*e
Passenger
Miles.
Dividend.
J. Boston, 2d National Bk. July 10, 1881
A 8. Boston, N. E. Trust Co. March 1, 1897
A J.
Boston, Office.
July 10,1876
A 8.
do
Mar., 1890
A J.
do
1897
A O.
do
April 1, 1920
A. A O.
do
April, 1920
5
6
2
112,000
whom.
.
M. A N.
M. A S.
J. A J.
6g.
6,688,000
“vm iAir«
Boston, Office.
Dee. 1, 1881
New York, Office.
0)
J. A J. J. City, Hudson Co. JB’k.
July. 1888
M. A S.
do
do
March, 1889
6
6
174.000
”
Payable, and by Stocks—Last
1903
J. A D.
6
7
20,000,000
4,030.000
1,000
1,000
Northern, N. IT.—From Concord, N. IT., to West Lebanon, N. II., 70
miles; branch, Franklin, N. II., to Bristol, N. II., 13 miles; total, 83
miles. This road has done a steady, but slightly decreasing, business
during the past four years. The last annual report was published in the
Ciirokicle, V. 32, p. 611. The net earnings for the fiscal year ending
March 31, 1881, were $102,223; in 1879-80, $112,438, and in 1878-9
2,774,000
3,000,000
3,000,000
100
100
1862
1868
1868'
8,068,400
1,000,000
200,000
200,000
42,312,5 88
49.000,000
2,484,000
3,915,000
20.000,000
2,000,000
2,604,400
400,000
3,077,000
371,000
600,000
1,400,000
1,000,000
18,500,000
494,000
2,450,000
1,800,000
75,000
396,000
3,000,000
1879-0.'
1880
1880
1875
Outstanding
1876-90
1,000
Northern Central (Michigan).—Jonesvillo, Mieh., to Lansing, Mich., 61
miles. Owned by the Lake Shore A Michigan Southern Railway Com¬
pany. Stock, $610,000. S. V. Irvin, President, Albion, Mich.
$246,771
m
1877
118
Income bonds, not cumulative
Ohio—Stock ($20,000,000 authorized)
■Cin. Ham. A Day., 2a mort. (now 1st)
Cons. M.
1878
1869
r**4*
Amount
$1,525,000
100
100
100 Ac.
100 Ac.
100
100
100 Ac.
100
66
Ogdensburg <& Lake Champlain—Stock
Sinking fund bonds
Mortgage nonds (redeemable July, 1990)
Consolidated mortgage (for $3,500,000)
do
do
$....
82*s
|-BW*-Princi-
INTEREST OR DIVIDENDS.
Size,
For explanation of column headings, Ac., see notes
of
on first page of tables.
Road. Bonds Value.
Common stock
[Vou ttyiw
great favor by giving Immediate notice of any error discovered In these Tables,
DESCRIPTION.
NorthernI’acifit—Pret. stock(8
BONDS.
Mileage.
3,369,125
3,645,831
3,769,830
New York, Office.
do
do
do
do
Loudon.
Jan., 1903
June,’8
to '84
Until 1899
May, 1899
June 1,1914
Jan. 1, 1920
Jan. 1, 1920
July 1, 1920
July 1, L921
July 1, 1921
Mar. 1, 1875
April 1, 1882
Jan. 1, 1898
Jan.
Freight (ton)
Gross
Mileage.
1, 1898
Net
Earnings, Earnings.
122
24,534,667
t $542,670
$144,326
122
22,439,405
472,172
104,890
122
558,816
28,037,799
170,917
122
578,676
195,476
-(V. 31, p. 171, 333, 429, 434, 560; V. 32, p. 70, 122, 657.)
....
Ohio.—This
was a
consolidation Sent., 1881, of the Cleveland Col. Cin.
the basis of share for share
A Ind. aud the Cin. Hamilton A Dayton, on
in the new oompany.
At Columbus, Ohio,
Oct. 19, the Jewett party
begun a suit and procured a temporary injunction to prevent the final
consolidation. Tho Vanderbilt party, however, decided to proceed with
the election of directors of the Ohio Railway, contending that the arti¬
cles Kft incorporation having been filed prior to the application for an
injunction, the older enjoining the Clev. Col. Cin. & Indianapolis and
the Cincinnati Hamilton A Dayton directors does not oonoern the Ohio
Railway. The total vote cast was 89,615 shares. There was but one
ticket voted as follows: Messrs. William H. Vanderbilt, Cornelius Van¬
derbilt, Augustus Schell, James H. Rutter and A. G. Dulman of New
York: William L. Scott of Erie, Pennsylvania; J. n. Devereux, Steven¬
son Buiko, T. P. Handy and Amos Townsend of Cleveland; John
Newell,
M. E. Ingalls aud John Carlisle.
The Cincinnati Hamilton A Dayton owned from Cincinnati, O., to Davton, 0.,60 miles; leased—Dayton A Michigan, Dayton to Toledo, 14l
miles; Cincinnati Hamilton A Ind., Hamilton to Indianapolis, 98 miles;
Cincinnati Richmond A Chicago, Hamilton, O., to Indiana State line
(and leased road), 42 miles; total operated, 341 miles; each lease re¬
ported separately.
Earnings of Cin. Ham. A Day. for five years past were as follows,
including all tho roads operated :
Years.
Miles.
341
341
341
341
Gross
Earnings.
$2,431,874
2,362,892
2,282,572
Net Earnings.
$558,062
769.666
739,572
2,578.816
886.050
341
2.882,306
906,983
The Cleveland Columbus Cincinnati & Indianapolis owned from Cleve¬
land, Ohio, to Columbus, Ohio, 138 miles; Gallon, Ohio, to Indian¬
apolis, Ind., 203 miles; Delaware, O., to Springfield, O., 50 miles; leased,
Cincinnati A Springfield Railroad, 80 miles; Levering 8tation to Mount
Gilead, 2 miles; total operated, 473 miles.
The last annual report of the C. C. C. A I. Co. was published in the
Ciiuonicle, V. 32, p. 418. Income account for four years was as follows;
Receipts—
Net earnings....
Rentals and interest.
1877.
1878.
$
$
745.203
102,696
514,591
149,420
•
1879.
1880.
$
982,748
83,912
1,361,483
102,406
Day.A Un.Rh.st’k.Ac
69.027
Wabash Pool
Miscellaneous
Total income
Disbursements—
Interest on debt
Taxes
Dividends....
Accounts charged off.
$
19,750
664,011
847,899
$
426,8"8
175,232
$
420,037
140,020
103,744
66,429
1,086,410
$
425,180
117,014
374,770
47,864
46,378
8,000
1,587.294
*
410,492
118,188
749,540
16,437
Total disbursem’ts.
Balance
705.854
*626,536
*964,828
1,324.657
Dcf.41,843 &iir.221,363 Sur.121,582 Sur.262,637
—(V. 33, p. 73, 100, 281, 468, 502, 623.)
Ohio Central.—The road completed will be200 miles—Corning, O., to
Toledo, O. The. stook was $4,400,000—par $100—and in January, 1881,
the company increased it to $12,000,000 for improvements, Ac., and to
buy the stock of the Ohio Cent. Coal Co. In June, 1881, consolidation
with the Rich. A Alleghanv was voted, and new stock and bonds *ev
extension Were subscribed.
(V. 31, p. 358, 535, Gu7; V. 32, p. 70, 579 ;
V. 33, p. 12. 48, 154, 2o2, 305, 589, 716.)
Ohio
Mississippi.—Dec. 31,18S0. owned from Cincinnati, O., to East
St. Louis, Ill., 340 miles; Louisville branch. North Vernon to Jefferson¬
ville, Ind., 53 miles; total Ohio A Miss, line, 393 miles; the Springfield
Division, Beardstown to Shawneetown, Dl., 222 miles; total operated,
615 miles. The Eastern and Western divisions wore sold in foreclosure
and tho present Oliio A Mkssissippi Company consolidated November 21,
1-67. On November 17.1876, the company was placed in the hands of
Rtjreivers, and afterwards Mr. John King, Jr., of the Baltimore A Ohio
fbvlroad, was appointed sole Receiver; in Oot., ls81, John M. Douglas
was appointed Receiver, vice King, resigned. A suit is
pending, brought
to annul the purchase of tbe Springfield Div. in 1875 as fraudulent and
v«,id. The various phases of litigation in regard to this oompany have
been reported from time to time in the Chronicle.
There are yet
$97,000 of old first mortgage 7s, Western Division, outstanuin*. Prof,
stock has prior right to a cumulative dividend of 7 per eent before
any dividend shad be paid on eom.; after payment of 7 per cent for any
one year on com., the surplus of that year (If any) ahail be divided
between both classes.
Operations and earnings for four years past;
xlr
RAILROAD STOCKS AND BONDS.
1881.]
Pbcbxbbb,
SnbMribtr* will confer a groat fliror by firing immediate notice of any error
DESCRIPTION.
For
explanation of oolumn headings, Ac., see notes
on
Ohio A
of tables.
Mississippi—(Continued)—
2d consolidated
87 1
first page
393
sinking fund mortgage
Debenture sinking fund bonds (for $1,000,000)...
Spring. Div. (8p. A Ill. SE.) 1st M. (for $3,000,000).
Ohio Southern—1st mort. ($15,000 per mile)
2d mort, income ($15,000 per mile)
CM
Colony—Stock
Bonds*not mortgage) coupon
Bonds
Bonds
Bonds
do
do
do
do
do
and
....
228
128
128
455
registered
do
do
Bonds
do
Oreqon A California—1st mort., gold
1876-90.'
Miles
Date Size, or
of
Par
of
Road. Bonds Value.
....
do
do
do
.....
....
...
306
48
Central—1st mortgage
Oregon Pacific—1st mort, land grant, gold
Oregon Short Line— 1st mortgage
Oregon
2a mortgage
$1,000
1,000
1,000
1,000
1,000
1881
1881
....
1864
1874
100
1000Ac,
....
28%
Rome—1st mortgage guaranteed
mortgage bonds
Oswego A Syracuse—Stock, 9 per oent guar
Mortgage bonds
Consol, mortgage (guar. D. L. & W.)
Tad Utah A Elizabethtown—1st mortgage
35
35
....
186
186
65
65
48
48
48
15
income.
Tainescille A Youngstown— 1st mortgage
2d mortgage, income, convertible
Yanama—Stock
General mortgage, sterling, (£1,000,000)
Sinking fund subsidy, gold
Tassaic A Delaware—Stock
Taterson A Hudson—Stock
*.
Paterson Nexcurk A New York—lat mortgage
15
11
1,669
Penns ylvanta—S tock
Gen. M., Pli. to Pitts., conn., J. & J.; reg., A. A O.
State lien (pay ’fcle in annual inst’lm’ts of $460,000)
Consol. M., coup. J. A D.,& reg. Q.—M. ts. f. 1 p. e.)
....
....
....
1,000
1875
1,000
1876
1877
1,000
1881
1,000
....
....
Os xego A
Income
2d mortgage,
1871
1873
1874
1,000
....
....
1880
1.000
1865
1866
1,000
1,000
1,000
.....
58A64
1876
1877
1877
1879
1879
....
1867
1880
50
500 Ac.
1,000
1,000
1873
32.000
1,692,000
500,000
1,100.000
2,000,000
6,000,000
4,395,000
300,000
25,000 p. in.
35^,000
200,000
1.320,400
124,000
338,000
299,994
1,141,200
400,000
A. A
M. &
M. A
J. &
J. A
J. A
M. A
M. A
J. A
M. A
F. &
O.
N.
N.
D.
D.
J.
S.
S.
D.
8.
A.
A. A O.
(?)
630,000
50
77,672,750
19.999.760
.
1.000
1, 1905
1, 1921
1, 1921
2, 1882
Sept. 1, 1884
March 1, 1894
Boston, Offloe.
do
do
June 1. 1895
do
do
do
New York.
Sept 1, 1898
Aug. 1. 1897
July l, 1921
N. N.Y.,Farmers’ L. AT.Co.
A.
do
do
A. N. Y., Del., L. & W. RR.
do
do
N.
S.
do
do
A, N. Y., Ex. Norton & Co.
do
Go
April.
J. A J.
New York, Agency,
do
do
J. & J.
J.
A
New York, Office.
Loudon.
New York.
3,833,0*6
28.610.540
Moh. 1, 1908
Oct. 1, 1908
May,*
1915
Feb.. 1891
Aug., 1881
1830 A 1885
1907
Feb. 1. 1897
Feb. 1, 1897
Jan. 1, 1910
Jau. 1, 1915
Jan. 3, 1882
'84 to ’89 A’9?
Nov. 1, 1910
i88t
July 2,
New York.
J.
500,000
1,000
.
Nov.
June
Juno
Jan.
M.A
F. A
F. &
M. A
M. A
F. &
2,955,000
....
Dividend.
April, 1911
May 1, 1883
New York, Office,
do
do
do
do
New York,
do
A. A O. New York and London.
1,000
1,000,000
Stocks—Last
July 15, 1891
Q.-F.
....
....
140,000
2,019,000
1,920,000
1,920,000
7,533,800
A. & O.
M. & N.
....
1870
$3,832,000
3,989,000
^
Monas— Pili
pal,When Dib
Rate per When i Where Payable, and by
Whom.
Cent
Payable
7,000,000
....
.
Amount
Outstanding
1.000
500 Ao.
500 Ac.
100
£200
....
....
discovered In these Table*.
INTEREST OR DIVIDENDS.
M. A N.
Philadelphia, Office.
Q.—J. (Philadelphia A London.
A. A O.!
Philadelphia, Office.
Nov.' 30,’ 1881
1910
Annually.
Q.—M. ! Philadelphia A London. .Tune 15.19o5
owned from Aspinwall to Panama, 48 mile*.
This road had a practical monopoly
of the California business till tho opening of the Paciflo Railroads in
615
1869.
Of
the
first
mortgage bonds $1,000,000 fall due in ten half615
yearly payments beginning 1884 and b dance ($2,939,000) in October,
1881 (to Aug. 31)
615
1897.
The $3,000,000 subsidy bonds are secured by a pledge of th*
Various back coupons were paid in 1890 and on July 1,1831, there re”
sum of $225,000 annual subsidy payable to the U. 8. of Colombia by
mained four coupons overdue on 2d mortgage, amounting to $336,480*
tho company.
Tn June, 1881, most of tho stock was sold to parties
and five coupons on Springfield Division bonds. $351,575. (V 32. p. 16*
Miles.
Years.
Gross
615
156. 229, 356, 578,
442. 560, 642.)
Earnings.
Net Earnings.
$3,136,836
3,502,239
4,376,310
2,619,949
$364,548
1,051,419
1.256,709
540,992
659, 686; V. 33, p. 74, 202. 275, 304, 358, 385, 412.
Ohio Soxiihetm.—This company, in its statement to the New York
Stock Exchange, June, 1881, says that the corporation is organized
under the laws of the State of Ohio. The road runs from" the city of
Springfield, in tbe county of Clark, in the State of Ohio, to the village of
Rock wood on the Ohio ltiver. Length of road completed and in opera¬
tion: Springfield, Ohio, to Ooalton, with extensions and branches now
completed, 128 miles. Stock (par $100), $3,840,000. B. S. Henning,
President.
Old
(V. 32, p. 637; V. 33, p. 441.)
Colony (Mass.)—Sept. 30,1881. owned from Boston to Province-
town, Mass., 120 miles, and lines to Kingston, Plymouth and Somerset
June., Mass., and to Newport, R. I.: total. 249 miles: numerous branches.
52 miles in all; leased—Boston Clint. Fitchb. A N. B., 125 miles; Fram¬
ingham A Lowell RR.. 26 miles; Dorcnester A Milton RR., 3 miles; total
length of till lines, 455 miles. The Cape Cod Railroad was merged in
this October 1. 1872.
In December, 1878, a contract of lease was made
with the Boston Clinton Fitchburg A New Bedford for 999 years, the
Old Colony to operate that road and pay as rental 10% per oent of the
gross earnings
icle, V. 33, p.
of both roads.
The last annual report was in the Chron¬
525.
Operations and earnings for five years past were as follows:
Miles.
290
301
453
453
455
Years.
Passenger
Mileage.
Freight (ton)
Div.
Gross
Net
Earnings. Earnings, p. ct
21,387,713 $2,174,884 $720,711 6
18,446,307 2,077,616 703,278 6
Mileage.
50,628,616
58,245,895
72,905,233 42,450,368 2.798,029 1.096,799
89,502,519 51,169,628 3,518 769 1.201 647 6
89,187,583 53,794,401 3,746,448 1,246,846 6
-(V. 29, p. 537; V. 30, p. 15;
...
V. 31, p.533; V. 32,
p.
44; V. 33, p.
525.)
Oregon A California.—Lino of road-Portland, Or., to Rosclrurg, 199
miles; West Side Division, 97 miles; Lebauou Branch, } 1 miles. Total
finished, 806 miles; projected. 288 miles. This company succeeded to
the Oregon A Central Railroad, organized under act of Congress July 25,
1866, and took that company’s laud grant. The company has been in
default since 1873, and at Frankfort, Germany, May 5, 188I. the bond¬
holders voted Mr.Villard’s plan of reorganization, and appointed Messrs.
Villard, Bretherton and Peebles, trustees. Tho plan provides for the
issue of preferred stock for the old bonds. $12,000,000. and common
stock for $7,0 0,000: also for $6,000,000 new mortgage nonds.
(V. 32,
p. 527, 569, 659 V. 33,l». 58), 687.)
Oregon Corral.—Portland to 8t. Joseph, Oregon, 47 miles. Opened
November 3,1872. Leased to Western Oregon Railroad. In 1878 there
was a net loss on operations.
8took, $3,000,000.
Panama.—Dec. 31,1830,
Opened through January 28, 1855.
interested in tho de Lesseps Panama Canal Co. The report
in V. 32, p. 393, and the income accounts for four years as
1878.
1879.
1877.
Receipts—
Net earnings
Rentals and interest, Ao..
Discount
on
1,202,144
254,392
264,230
166,667
163,294
158,887
195,213
184,185
.1,543,651
$
209,468
12,500
1,582.448
$•
1.051,749
1,629,712
$
270,747
6,706
1,120,000
250,000
.
$
•
Other receipts
.
Total income
Disb-ursernents—
Interest on debt
Drawbacks on produce....
Dividends
.
.
.
bubsidy to U. 3. Colombia.
.
840,000
250,000
.1,311,968
Total disbursements...
Balance, surplus
1880.
$
1,227.292
196,269
.1,23$,420
149,937
subsidy
for 1880 was
follows:
.
231.683
239,889
12,932
810,000
250,000
1,3 42,821
239,627
$ '
270,853
9,939
910,000
250,000
$
1,014,630
1,647,453
210,957 dof. 17,741
1,440,792
-(V. 28, p. 376, 402,580, 381; V. 31 ,p.511; V
637; V. 33. p. 12, 48, 412.)
Passaic A Delaware—Summit., N. J., to Bemardsville, N. J., 15 mile*.
The New Jersey West Line Railroad was sold in foreclosure and thi*
oojupany organized October, 1878, by parties identified with the Morri*
A Essex lessees (Delaware Lackawanna A Western), by whom it ia
operated.
York
Nominal stock, $1,000,000.
Samuel Sloan, President, New
City.
Hudson.—Jersey City, N. J., to Paterson. N. J., 15 mile*.
opened in 1834, ana leased in perpetuity September 9,
1852, to the New York A Erie, at a rental of $53,400 per year. J. 8.
Rogers, President, New York City.
Paterson Newark A New York.— LeaschI to New York Lake Erie &
Paterson A
The road was
Western at $35,000 per year.
Pennsylvania.--Dec 31,1880, the milo:ige operated east of Pittsburg
and Erie, on which earnings as reported were based, was divided a*
follows: Pennsylvania Division and branches, 1.<20; Philadelphia At
Erie Division, 287; United Railroads of N. J. and branches, 402; total
operated, New Yor • to Pittsburg, with branches, 1.809. The oimrations
of the Pennsylvania Railroad cover so large a field that a reference to
the annual reports published in the Chronicle is necessary to give
any adequate idea of its working and condition from year to year.
The total cost of stocks and bonds of other companies owned by Pennsvlvania Railroad was $61,833,681. and the par vuluo $98,144,596. In
March. 1*81, tiie company purchased over 20 *,009 shares of the Phila¬
delphia Wilmington <v Baltimore RR., and the directors authorized the
issue of $20,o00.0(>0 new stock of the Pennsylvania RR. A part of
Oregon Pacific—Road in progress; projected line, 6'R) miles, of whloli this stock was offered at par to » ocklio ders of record April 30,1 >81, at
CO limes from Corvallis to Yaquima is to be finished immediately. Land tho rate of 12% per oent of their holdings. In July, D81, tho 4 per et
grant, over 900.000 acres. (V. 31, p. 358, 383; V. 33. p. 93, 491.)
bonds secured by t\ W. A B. stook were issued, and $260,<)0o ore to be
Oregon Short Line.—Road in progress from Grang. r on the U. Pnc. drawn and paid yearly. A scheme to buy up the company’s guaranteed
into (>. egou 600 miles, built under CJ. P. control.
Ono $1,000 bond and securities with $1-00,000 per month from earnings is in operation, and
■$500 in ‘took sold to U. P. stockholders for $l,00u cash. 8oo V. 33, V. the entire amount mud by the company into tho Trust up to tlio end of
1880 was $1,300,000.
There had been purchased for the fund securi¬
126, 716, 718.
ties of the par value of $i .401,850, which yield an interest of 6 84 per
Oswego A Rome.—Richland, N. Y., to Oswego, N. Y., 29 miles. Road cent
per annum upon the investment.
opened January 1, 1866. It is leased to the Romo Watertown A OgdeuaAn abstract of the latest report issued, that for 1880, was published in
burg Railroad at 8 per cent on its stook and 7 per oent on guar, bonds.
the Chronicle (V. 32, p. 262). showing surplus net income of $2,817,656
swex/o A Syracuse.—Sept. 30,1880, owned from Oswego, N. Y., to Syra¬ alter paying all charges and 4% per cent dividend. Tne managers re¬
cuse, N. Y., 35 miles. ixMised in 1868 to the Dela. Lack. A West. RR. Co.
marked as to their g lieral policy: “The cost of all new’ construction
for 9 per cent per year on stock and interest on bonds. In 1878-79 net work not
properly chargeable to the expense ocoount is ©cob year
income was $120,767; payments, $151,141; deficit to lessees, $30,374; added to your capital account— the fund i for this purpose for t'.e past
1979-80, net, $186,856; payments, $152.471; surplus, $34,385.
two years having been obtained largolv by the sale of suoh seountifia
Pailucah A Elizabethtown.—Elizabethtown to Paducah, Ky.. 186 miles. owned by the company as it wrn>s deemed wise to dia ose of.”
A summary of the total business of 18 -0 in tOunage, passengers and
Formerly Elizabethtown A Paducah, and again the Louisville Paducah
A Bouthwostern. The road and a branoh to Louisville were foreclosed earnings, compared with previous years, is shown In the following:
August 24. 1876. The Cecilian branch to Louisville. 45 miles, was sold
ALL LINES EAST OF PITTSBURG A ERIE.
again to the Louisville A Nashville Railroad. In 1881 on interest in
1877.
1878.
1880.
1879.
this road was purchased for tho Ohea. A Ohio system. The common
Gross
$31,636,734
$41,260,073
earnings
$31,117,146
$34,620,279
stock is $1,426,500 and preferred $1,426,500. An interest dividend of
.
'
5 perecut was paid on Income bunds in April, 1881, out of earnings c.f
1880. Net earnings in 1880-81, $98,146. (V. 30, p. 432; V. 33, p 73.)
Painsville A Yoimgstoum.—Fnirport, Ohio, to Youngstown, Ohio, 65
miles. The old company made default, and road was sold in foreclosure
June 2, 1879. Under the reorganization bonds are issued as above,
and the stoak is $288,000. Tho income bonds have votes, and are con¬
vertible into stook. Christopher Meyer, President, New York.
The
road has gone into the possession of new and enterprising managers In
1881, who pat in new capital and completed the road. (V. 33, p. 469.)
Operating expenses.
Net earnings....
19,028,467
18,468,994 20,382,740 24,625,043
$12,088,679 $13,167,740 $14,237,539 $16,635,025
ALL LINES DIRECTLY
OPERATED EAST AND WEST OF PITTHBUHG.
1879.
1880. '
Increase*
35,639,794 42,170,435
$10,401,486
6,539,690
Showing net earnings..$24,722,780 $28,584,576
$3,861 r79&
GrosseanTga, all lines, from trafflo.$60 862,575 $70,764,062
Gross operating expenses
8ab«eiiben will confer a great favor
explanation of column headings, Ac., see notes
on
of tables.
first page
Pennsylvania—( Continued)—
Consol, mortgage, gold
Bonds, reg. ($10,000,000 P. W. A B. s.ock cOllat’l)
by giving Immediate notice of any error discovered In
Miles
Date
of
of
1st mortgage, guaranteed
Peoria dt Bureau Vallej/—Stock
accumulative
•
•
•
•
Amount
Outstanding
$1,000
$5,000,000
5
10,000.000
4
0 g.
5
l.iYo'o
•77-’80
1875
1,000
50
1877
1881
1866
....
....
105
105
46
47
181
1,000
1,000
1,000
1,000
1866
-
100
....
1853
*
©
a
0
©
1880
1880
1880
1880
1,000
1,000
1867
1873
100
1,000
....
100
7097881
1st mort. (Evansville Div.)
Income bonds (Evansv. Div.), not cumulative—
Peoria dt Pekin Union—1st mortgage
—
1st mortgage, iucome
Perkiomen—1st .mortgage
Consol, mort., gold, guar. P. A R.,
....
•
.
.
38
38
11
(siuk. fund)
1877
82
82
83
62
Philadelphia dt Ball. Central—8took
1st mortgage (for $2,500,000).
1st mortgage
Philadelphia dt Erie—Stock, common
....
....
....
50
....
1881
....
1871
40
1857
287
287
1868
1869
.
E. (extendod 20 years in ’77).
Consol. M., gold, guar by Pa. RR. ($5,203,000
Philadelphia dt Reading—Stock, common
5s)
•
•
•
100 Ac.
50
50
1,000
1,000
1,000
50
50
....
•
Preferred stock
INCOME ACCOUNT, 3 880.
Net income Pennsylvania Railroad Division
Net loss New Jersey Division
.*
Balance
From this deduct all charges
$10,051,485
1,035,308
of every sort, including the
$000,000 for the purchase of guaranteed
$9,010,176
securities, total.
1,377,607
'
1,125,000
385,000
147,000
1,324,200
500,000
300,000
2,500.000
615,000
1,100,000
7,013,700
Showing balance to credit of income account after deduct¬
ing all payments for whicn the company was responsible.
Out of which were paid dividends of 7 per cent
Leaving to credit of profit and loss account
Add balance of amount realized from set tlement
counts, and profit on 6ale of securities
of old ac¬
$7,G38.569
4,820,914
$2,817,655
795,220
$3,612,875
Add amount to credit of profit and
loss, Dec. 31,1879.
$7,793,948
profit and loss Doc. 31, 1880
The monthly range in
have been :
1880.
52%-50*s
Jan...
53 -515s
Feb...
5231-51 %
March
4,181,073
prices of Pennsylvania RR. stock in Pliiladeipma
1880.
1881.
5738-53
67 %- 64%
66 %- 62%
July
..
58*8-57-0
6730- 64%
Sept’her.
60i4-57 x4
August
1881.
053865 %66 3^0638-
."
62%
63%
63%
04
62%-57%
7018- 66% October
54%-523s
x66
03 -60
62%
69%- 64 30 Nov’ber
55 -48
0714-01%
66 %- 6430 Deo’bcr..
54 -19*4
June
—(V. 32, p. 122, 230, 262, 265, 288. 289, 334, 336, 422, 409, 501, 578,
613, 635, G80; V. 33, p. 23, 93, 125, 226, 358, 469, 588.)
Pennsylvania Company.—The Pennsylvania Company is a corporation
April
May
.
-
.
chartered by the
Pennsylvania Legislature, April 7, 1870, distinct from
Pennsylvania Railroad, and operates all the leaded lines west of
Pittsburg. ’ The stock is owned by the Pennsylvania RR., and in 1880
the common and preferred were merged into one elass of stock, makthe
eome
Pennsylvania
account of the
Net earnings Union Line Bureau,
retd estate and equipment
Co*, for 1880 and 1879
was
1880.
and for rents,
roads—
Pt'ofits from operating leased
Pittsburg Fort Wayne & Chicago
New Castle & Beaver Valley
Cleveland & Pittsburg
1879.
$848,725
$866,613
$1,589,543
$922,366
71,226
6,868
307,378
Lawrence
.
Jeffersonville Madison A
as follows:
Indianapolis
486
8,693
95,237
17,553
577,097
Received from investments.
$3,401,439 $2,451,185
Total revenue
Deduct—
Dep. and int. on bonds...
operating leased roads—
Expenses Proprietary
Loss in
Bt. Louis Alton & Terre
Erie & Pittsburg
Massillon & Cleveland
Haute
L
Indianapolis & Vincennes
Cash advanced to Cin. Richmond &
Total expenses,
Net income
Deduct dividend on
540,233
Ft. Wayne..
interest, Ac
(
capital stock, 4 per
Balance, being the surplus
$603,799
$046,541
242,819
51,039
232,053
5,305
148,583
24,384
$1,024,952
141,974
20,320
81,098,530
$2,376,487 $1,352,055
480,000
cent....
for the year
$1,896,487 $1,352,655
registered bonds are secured by deposit of $4,000,000 of Pittsb. Ft.
Wayne A Chicago special stock. The gold bonds of 1921 are secured by
a deposit in trust of the leases of the Pittsb. Ft. Wayne & Chio. and the
Qeve. & Pittsb. railroads and are also guaranteed by the Penna. RR.
Co. The trustees of the mort. are Wistar Morris. Edmund Smith and S.
M. Felton. They were issued to supply funds for purchasing the C. C.
The
bonds and other purposes, and the whole authorized issue is $20,The sinking fund is 1 p. c. per ann. if the bonds can he bought
at par. See V. 32, p. 122.—(V. 30, p. 431; V. 32, p. 122, 569, 637; V.
33, p. 72,126.)
A I. C.
000,000.
Pennsylvania dt New York (Canal and
Railway).—November 30,1880,
owned from Wilkesbarre, Pa., to New York State Line. 104 miles.
Branches to mines, 23 miles. Operated in connection with the Lehigh
Valley Railroad.
Common stock, $1,061,700, and preferred
stock,
*4,000,000. Net earnings in 1878-9. $599,791; in 1879-80, $915,132.
Robert A. Packer, President, Sayre, Pa. (V. 30, p. 220; V. 32, p. 98.)
Peoria dt Bureau
The road was leased
Talley.—Bureau Junction to Peoria. Ill., 47 miles.
in perpetuity April 14,1854, to the Chicago A Rock
8
8
Bonds—Princi¬
Dec,
A London.
A. A O.
A
A
A
A
D.
N.
O.
J.
J.
A J.
5 A 6 g.
A. A O.
J. A J.
J. A J.
2%
3%
Q.-J.
Q.-J.
Island Railroad at a rental
Rock Island.
1QOQ
Jail. 1, 1901
Deo.. 1881
July 5, 1907
July 1, 1921
J uue 1, 1896
June 1, 1906
Aug., 1881
Aug. 1, 1893
Jan.
Jau.
1, 1920
1, 1920
Sept. 1, 1920
Sept. 1, 1920
Apr. 1, 1887
Phila., 227S. 4th at.'
June 1.
do
do
Oct.
Boston, N. E, Trust Co
1897
1902
do
Philadelphia, Office.
1911
April 1, 1891
Phila., Farm. A Mecli.Bk
Philadelphia, Pa. RR.
Oct,
do
1, 1897
July l, 1888
July, 1920
Philadelphia, Pa. RR.
Philadelphia A London.
Philadelphia, Office.
Jan. 25,1876
do
do
1
Jan., 1872
Jan , 1879-'98
Petersburg, Va.
do
1913
May, 1881
Nashua, Treasurer.
....
A. A 0.
1
Phil.,Pa., Co., for ins. Ac.
A J. N. Y., Met, Nat. Bank.
do
do
New York.
M. A S.
do
M. A S.
J.
M.
A.
J.
•
July 1, 1921
do
....
....
1.551,800
Whom.
do
7
7
32,726,375
Stocks—Last
Dividend.
Payable, and by
J.
....
5
7
pal, When Due.
do
do
A J.
A D. Pittsburgh, Co.’s Office
N. Y., Nat. City Bk.
Q.-J.
New York.
J. A J.
J. A D. Pliila., B'k N. America.
do
do
J. A D.
F. A A. N. Y., Chic., R. I. A Pac.
do
do
F. A A.
....
3,000,000
July 25,1876
of $125,000 per annum.
Officers
same as
Fcona Decatur (6 Evansville.—June 30, 1881, Peoria to Evansville,
248 miles. This road is a consolidation of the Pekin Lincoln & Decatur
RR. (formerly leased to the Wabash) and the Decatur Mattoon ‘A So.
and tho Grayville A Mattoon. The bonds were placed on N. Y. Stock
Exchange in Sept., 1880.
On July 16, 1881, voted to issue $2,400,000
See V. 32, p. 659.
I11 1880-81 gross
income, $566,634; net, $212,777. (V. 30, p. 92, 222, 375, 434, 493; V.
31, p. 329; V. 32, p. 288, 659.)
Peoria dt Pekin Union.—This road, from Peoria to Pekin, 10 miles, is a
union road, and the stock of $1,000,000 was taken by the different
Peoria RR. companies. Opened Feb., 1881, and gross iucome to June
30, $135,898; net, $40,626.
Perkiomen —Perkiomen Junction, Pa., to Emails Junction. 39 miles.
The road was leased for nineteen years from August 1, 1868, to Phila¬
delphia A Reading Railroad, and bonds guaranteed by the lessees; but
the property was surrendered ami all control given up in May, 1879.
One-half the interest on the consolidated mortgage was paid for three
years in Philadelphia & Reading scrip, according to the Philadelphia
& Reading compromise. Net earnings in 1880 were $118,602.
(V. 30,
p. 64; V, 23, p. 101.)
stock for new lines, Ac.
Peterborough.—Wilton to Greenfield, N. II., 11 miles.
Completed Jan.
1, 1874. and leased by Nashua & Lowell Railroad for 20 years from
1873 at 6 per cent on cost of the road. In 1879 lessees withheld rental,
but a suit was decided in favor of Peterborough. James Scott, Presi¬
dent, Peter borough. N. II.
(V. 32, p. 16.)
Petersburg—Petersburg,Va.,to Weldon,N.C.,64 miles. In May, 1877,
a Receiver was appointed and foreclosure sale was decreed April 20,
1880, but steps were taken by second mortgage bondholders to prevent
a sale by paying the overdue obligations and re-organizing.
See V. 32,
p. 501,613. (V. 30, p, 249; V. 31, pi 306; V. 32, p. 232,444,501, 013,686.)
Philadelphia dt Baltimore Central.—Pliila. to Westchester, 26 miles;
Westchester Junction to Octoraro Md.. 46 ’miles; leased Chester Creek
Railroad, 7 miles, and Columbia & P. Deposit Railroad, 4 miles; total
operated, 83 miles. This was a consolidation, Oct., 1881, of the Pliila.
A Balt. Central and the Westchester A Phila. railroads. Of the new
stock Phila. Wil. A Balt, holds $1,669,400, ami $615,000 of the bonds.
Philadelphia dt Erie.—Dee 31, 1880, owned from Sunbury to Erie, 287
miles. Formerly Sunbury A Erie R1I. It was leased to Penn. RR. for 999
years from January 1, 1862, tho lessees to pay 30 per cent of gross
receipts as rental, but modified January 1, 1870, so that actual net
receipts are paid as rental. The consolidated mortgage is guaranteed by
tho Pennsylvania Railroad. The unpaid coupons of $1,534,034 are held
by the lessee for advances. Last annual report was in V. 32, p. 204.
Operations and earnings for five years past were as follows:
Passenger
Mileage. •
22,425,613
Freight (ton)
12,466,005
11,444,005
335,727,141
381,300,202
11,562,653
14,792,169
505,918,017
559,280,067
-(V. 30, p. 190, V. 31, p. 653;
V. 32, p. 204.)
Years.
$1,975,016 $1,044,338
3
976,000
13,943,000
-
0 g.
6
0
6
6
6
0
6 g.
3
6
Where
A D. Philadelphia
do
A J.
....
6
2;ioo;ooo
new
Balanoe to credit of
these Tables.
J.
J.
4%g.
7
7
4
8
When
Payable
J.
J.
2%
i;5oo;ooo
'799,600
100
27
287
Preferred stock
5.048,000
1,000,000
20,000,000
2,857,000
10,000,000
1,500,000
1,500,000
1,200,000
300,000
8,400,000
1,287JXK)
858,000
1,470,000
1,230,000
1,500,000
500 Ac.
82
2d mortgage
1st mort., SunburyA
2d mortgage
1,000
1,000
10
Peterborough (N. II.)—Stock
Bonds (not mort.)* redeemable after 1S82
Petersburg—Stock
1st mort. bonds (payable $25,000 yearly)
,
-
Rate per
Cent.
Value.
1881
,
#
....
Navy Yard bonds reg. (oxtcnded 20 years in ’81)
Pennsylvania Co.—Stock
Reg. bonds, secured by P. Ft.W.& O. special stock
Bonds, gold, secured by pledge and guarantee....
Pennsylvania dt New York—1st inert., guar
let mortgage bonds
Peoria Decatur dt Evansville—Stock
1st mort., gold (Pekin to Mat toon)
Incomo bonds,
' do
not
or
Par
1879
,
!
Cai* Trust certificate
Size,
Road. Bonds
■*
Westchester & Phila
ivot. xxxm.
INTEREST OR DIVIDENDS.
DESCRIPTION.
Tsr
AND BONDS.
RAILROAD STOCKS
x)vi
Miles.
287
287
287
287
287
Mileage.
340,390,703
Net
Gross
Earnings. Earnings.
$3,352,979 $1,164,533
3,172,993 1,123,366
2,921,060
3.091,807
3,727,733
876,111
961,549
1,369,379
Philadelphia dt Reading.—Main line, Philadelphia to Mount Carbon,
Pa., 98 miles; branch lines owned, 233 miles; leased lines, 495
miles; other lines controlled, 66 miles; total operated, 892 lines. In
May, 1879, Lhis company leased for 990 years the North Pennsylvania
Railroad and Delaware A Bound Brook Railroad, and at same time gave
up the Perkiomen Railroad. (See terms of lease under names of those
companies.) The Berks County RR. was purchased at foreclosure and
paid for in bonds. The main business of this company has been the trans¬
portation of anthracite coal. The Philadelphia & Reading Coal & Iron
Company is a corporation
formed (Dec. 12,1871) for the purpose
of own¬
ing aud working the extensive coal properties of this company. The
Philadelphia A Reading RR. Company owns all the stock of the Coal A Iron
Company, and the trustees of the general mortgage of 1874 hold the bonds
of tbe Coal A Iron Company. Between 1870 and 1876 this corporation
increased heavily its capital account in the purchase of new properties,,
aud after paying 10 per cent dividends for some years ceased to pay
after January, 1876. The company was unable to meet all its obbgations, and in March, 1877, holders of the general mortgage bonds and
Periokmen guaranteed bonds agreed to take one-lialf their coupons for
throe years in 6 percent sorip; and holders of convertible aud debenture
for five years.
and on May 24
Caldwell were
appointed Receivers of the railroad and coal companies. (See V. 30, P.
567.) At Philadelphia, July 1, a bill was filed for the foreclosure of the
general mortgage of 1874. Interest was paid in full only on the consoli¬
dated mortgage of 1871 and prior mortgages. Certain interest was paid
on the coal land mortgages at reduced rates, and the Jan., 1881, coupon
on the general mortgage was paid Oct. 18,1881.
The contest as to the
annual election, the litigation as to the bond schemes, Ac., and the Courts
their
bonds to take 6 per cent scrip in payment of
coupons
The sorip is convertible into income mortgage bonds.
In May, 1880, the company suspended payment,
Franklin B. Gowen, Edwin M. Lewis and Stephen A.
Dbcember,
Subscriber* will confer a great favor
explanation of column headings, Ac., see notes
on
first page of tables.
Philadelphia <6 Reading—(Continued)—
Receivers’ certificates
—
Mortgage loans inconvertible
mortgage, convertible
mortgage, sterling
do
do
do
do
(Extended in 1877.)
debenture
Loan mortgage
Consolidated mort., $ loan, oonpon or reg
do
’ do
gold, $ or £, coup
do
do $, gold, coup, or reg
Debenture loan (convertible 1870-92), coup
Improvem’t mort., $ or £, sink’g fund, coup
Gen. mort., $ and £ (sink, fund l p. c. yearly)
Income mortgage (for $10,000,000)
Income mortgage of 1879
-
187-90
aiid guar, bonds, 0
per cent onr’ey
per cent ster’g
1880
$....
1,000
1857
1836
1843
1807
1868
1808
1871
1871
1871
745
750
•
•
Par
Value.
1843-9
....
••
1,000
£100
£500
-
1.000
100 &c.
1,000
1.000
1,000
1873
1.000
1,000
1873
1874
1,000
1876
1,000
1 090
1879
Gen. mort. and Perkiomen 6
Bonds for Berk3 Co. Railroad
Coal & Iron Co., guar. mort. (for $30,000,000).
do
debentures, guaranteed
^
m
»
1,000
1872
29
...
....
Plain bonds, loan
do
do
do
do
do
do
Pittsburg Bradford t£* Buffalo—1st mort.,coup., g’ld
PUts. 0. <£ St. if—1stm., cons, (for $10,000,000)
2d mortgage
1st mortgage, Steubenville A Ind., reorganized...
•
•
•••
• •
ft 03
200
300
117
33
109 Ac.
....
100
60
....
112
•
50
50
....
-
20
Philadelphia Wilmington <£ Baltimore—Stock
....
....
21
Newark Division lmnds
10 Ac.
90 Ac.
1877
1877
1878
187*2-4
m
..
Philadelphia <& Trenton—Stock
CoL A
Size, or
779
779
779
779
sorip
scrip
Philadelphia Germantoum <6 Norristown—Stock.
Philadelphia Newtown <6 New York—Stock
Bonds, guar, by Phila. & Read., coup
Miles Date
of
oi
Road. Bonds
779
779
779
779
779
'.—
Loan
Loan
do
do
Loan
Debenture
by giving Immediate notice of any error discovered in
.
1 • •
1,000
1867
1872-4
1875
1880
1881
1803
1873
1864
1,000
1.000
•
•
•
•
1,000
1,000
1,000
1,000
1
1804
.000
against Mr. Gowen, were referred to at mnch length in the
V. 31, 32 and 33, pages indexed below. Also the scheme of
President Bond in Aug. 1881, V. 33, p. 177.
Prices of Philadelphia & Heading stock iu Philadelphia, have been:
decision
Chronicle,
1831.
34 V 25%
1880.
Jan
301s-33%
Feb
35 -32
3G -34i*
8 5 3s-29%
March...
April
....
20%- 20
355s- ‘28%
325Q- 253a
30V 20%
30V 28
1880.
July
August..
Scpt'ber.
October
.
19^-13%
12V 9%
16%-11%
23V1434
1881.
23*8
295a
363g- 29Lj
37*4- 307b
30 V
33 V
34V 32%
Nov’ber
27V20
305e- 87s
Dec’bcr.. 27%-22%
June..... 2214-10%
The annnal report for 1879-80 was not issued until July, 1881, and r.u
abstract was published in the Ciironiclk, V. 33, p. 123.
Tlio following table shows a comparison between the results of the
May
two
.
The earnings of the railroad company for
ending Nov. 30,1880, wore as follows:
years' operations.
fiscal year
Earnings.
$10,938,880
873,244
007,646
100,627
Railroad traffic
Canal traffic
Steam colliers
Richmond barges
Total, 1879
15,279,705
Increase
$3,210,638
The
Net
following shows the net results
earnings
Rentals
Interest
Total charges...
98,183
8,192,992
$7,091,395
455,>*27
223,589
2,444
$8,373,255
7,086,773
$1,954,156 $1,286,482
for the year for the RR. company:
1880.
1879.
Increase.
$9,373,254
$7,080,773
$1,280,481
$3,360,159
5,515,473
$2,943,317
5,200,878
$422,842
308,595
$3,881,032
$8,150,195
$731,137
$508,378
$1,003,422
Deficiency
the
Expenses. Net earnings.
$9,247,491
417,417
384,057
$18,520,403 $10,147,148
Total
Decrease.
$
$
$555,044
$
the full interest and rental charges are included,
whether actually paid or not: whether paid in sorip or now in arrears.
statement of the total receipts and expenses of the railroad
companies is as follows for the fiscal year:
and the eeal and iron
Gross
receipts
Increase-
When
Cent.
Payable
1876-9.012
4 A G
6
6
5 g.
6
7
6
7
7
$1,300,000
1,510,500
79,000
182,400
967,200
134,400
1,135,300
2,700,000
10,049,000
6,999,000
908,000
10,499,900
9,301,000
0 g.
G g.
V
6
o g.
7
0
0
0 e.
19,086,000
2,331,000
10,000,000
3,472,973
1,832 700
586,009
13,030,500
1,731,000
1,200,000
700,000
3
•
,
500,000
313,000
Decrease.
•
"
J.
do
A J.
62,102,507
9,205,181
805,912
$1,209,980
$2,817,658
$.
Operations and earnings for five jrears were as follows:
Gross
Freight (ton)
Passenger
Mileage-*
Earnings.
Years.
Mileage.
Miles.
550,121,169 $12,227,510
1875-0
799
123,871,237
711,520,398
12,142,910
799
74,315,237
1870-7
010,492,192
11,.539,593
799
75,110,715
Loss
98,932.902
818.396,913
$1,007,872
.
Pittsburg Bradford ii Buffalo
—
8
8
8
1,306,223
1,231,081
3,203,110
3,551,881
lS’sO-Ol
112
-(V. 32, p. 68, 232, 260, 289, 422; V. 33, p. 218.)
Road in progress (narrow gauge) from
and thence to Kano, Pa., 103 miles,
Foxburg and Emlenton to Clarion
finished in July, 1881. Bonds issued at $8,000 per
Stock authorized, $1,000,000,
mile.
par $100; issued, $550,900.
Marcus Rulings, President, Oil City, Pa.
(V. 33, p. 359,)
of which 03 were
Pittsburg Oineinnati <£ St. Louis.—December 31. 1880, owned
Pittsburg, Pa., to Columbus, Ohio, 193 miles; branch to
Cadiz, Ohio, 8 miles; total, 201 miles.
This was a consolidation
of several companies, May 1, 1868, including tho Steubenville A
Indiana and tho Pan Handle roads.
This company is controlled
by tho Pennsylvania Company, through the ownership of a majority of
its stock. Tins company also holds leases of tho Little Miami and its
from
dependencies and of the Columbus Chicago & Indiana Central road,
wliioh are operated by the Pennsylvania Company, and their earnings
separately stated. Common stook, $2,508,000; first preferred, $2,929,200; second preferred, $3,000,000. Gross receipts in 1880, $4,339,448;
net. $2,048,722 ; surplus over interest, &n., $ >93,798.
Loss on leased
lines, &c., $100,512; net profit, $833,280. Tho interest on the second
mortgage bonds, due from October 1, 1875, to April 1. Ia78, inclusive,
wus paid in 1880.
Tho annual report for 1880 was published in tho Chronicle, Y. 32, p.
498. Comparative statistics for four years were as follows:
Receipts—
Net earnings
Rentals and interest.
Net from leased roads
All other accounts i..
Total income
Disbursemon ts—
ACCOUNT.*
1373.
1879.
$
$ >
3,136,703
$
1,599,502
#
2,032,682
2,123,144
2,325,050
$
2,090,581
$
833,025
136,980
842,480
174*944
1,075,010
*.4,854
449,688
1401,839
10,230
500,072
16,642,163
.
8,227,514
$
$
■>
828,127
820,123
069,790
132,944
2.83,390
105,000
069,790
75,848
05,200
38 093
13,422
Balance, surplus
1830.
1377.
14,022
711,400
821,299
16,041
647,858
801,048
105,000
105,000
412,002
745,868
16,144
27.241
8,227,514
2,123,144
2,325,050
2,696,581
Cent.
t Includes—Bale of preferred stock 8t. Louis Vandalia & Terre Haute,
$200,000: sale Union Depot bonds, $180,000 ; amount of certain liabili¬
ties canceled and surrendered by Pennsylvania Co., $5,800,721,
j Includes $180,400 bills payable of this company, canoeled and sur¬
rendered by Pennsylvania Co.
V Includes—Reduction of second mortgage bonds, $2,500,000; reduc¬
Total
Net
Revenue.
$3,717,101
4,408,493
4,419,591
13,595,862 4,143,456
16,938,885 5,007,095
809,932,953
*Inoluding coal.
-fV. 32. p. 10, 17, 44, 70, 101, 122, 356, 184, 20G, 232, 269. 313, 336,
390, 407, 42430, 445, 469, 488, 527, 539, 578, 613, 680: V. 33, p. 12,
23. 93,102, 123, 154, 177, 202, 220, 250, 329, 385, 412, 433, 470, 502,
132,837,003
1,282,178
2,849,919
58,140,540
Miecellan’s accounts VO.496,950
lut. oil C.A M.Vul.bds
105,000
I.1OHS on Bt.L.V.AT.H,
40,375
$0,397,323
Jan.. 1890
do
Passenger Freight (ton)
Gross
Net
Div'd
Mileage.
Earnings. Earnings, p. ct.
Mileage,
59,100,438 42,089,750 $2,910,250 $1,101,216
8
00,504,494 40,080,501" 2,060,446
8
1,095,103
$2,473,814 $
$8,861,137
-
Dop. 3. 1881
Oct. 1, 1897
Jan. 10. 1882
Philadelphia, Office.
Jan. 1, 1882
J. A J. Philadelphia A Boston.
A. &4L tea*
April, 1887
do
do
jflOdTdolphia, Co.’s Office Oct 1. 1892
do
do
A. dc *>.
April 1. 1900
do
do
J. A D.
June, 1910
A. A O. N.Y., Nat. Bk.Republic. April 1, 1911
F. A A. Phila., Pa., RR. Office.
An*. 1, 1900
do
do
A. A O.
April 1, 1913
M’nthlv
New York, Agency,
May. 1884
Rentals paid
Interest 011 debt
Other
Net earnings
Interest and rentals
1892 to '94
1892
Phila., 227 So. 4th St.
$5,239,117 $
2,705,302
July, 1882
July, 1882
May 1, 1898
•
$20,937,880
20,550,503
June, 1911
June, 1911
June, 1911
Jan. 1, 1893
Oct. 1, 1897
July 1, 1908
Dec. 1, 1990
Q.—J.
4
0
6
6
6
0 g.
7
7
6
7
6,681,000
2,500,000
3,000,000
•
A. A 0.
2%
11,795 050
1,000,000
700,000
800,000
1,000,000
July, 1880
July, 1886
July, 1880
July, 1880
July 1, 1882
July 1, 1898
Oot. 1, 1893
Phila., Treasurer of Co.
Q.-M.
0
1,259,100
Miles.
Ill
112
112
.
A
A
A
A
A
do
do
J.
do
do
J.
London.
J.
do
J,
do
J.
J.
Philadelphia, Offloe.
do
do
O.
do
do
D.
D. Philadelphia A London.
D.
Philadelphia, Offioo.
do
do
J.
O Philadelphia or Loudon
J. Londou A Philadelphia.
J. A D.
Philadelphia, Office.
do
do
L & D.
do
do
J. A J.
J. A J. Loudon A Philadelphia.
M. A N.
Philadelphia, Office.
Various London A Philadelphia.
M. A 8.
Pmladelphia, Office.
7
.
A
A. A
J. A
f. A
J. A
J. A
A. A
J. A
7
,
Stocks—Last
Dividend.
Payable, and by
Whom.
$32,L/7,003
10,071,124
X'l UlCl-
pal, When Dae,
Philadelphia, Office.
J.
J.
J.
J.
J.
J.
3, 4 ,5, 6
2.231,900
Years.
Where
Rate per
1879.
28,315,865
588.)
Outstanding
1880.
Expenses
892
Amount
INCOME
In this statement
The joint
these Tables,
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
rfyii
BONDS.
AND
RAILROAD STOCKS
1881 J
*
Exclusive ot Col. Chic. A Jnd.
tion of bills
payable, $2,509,221.
GENERAL BALANCE AT
A ftscls—
;
CLOSE OF EACH FISCAL TEAR.
1877.
1878.
1879.
$
$
$
1880.
$
Railroad,oquipm’t.Ac 19,942,295 19,942,295 19,942,295 19,942,295
Philadelphia Germantown <& Norristown.—Philadelphia, Pa., to Norris¬ Stocks owned, cost...
85,498
57,298
58,398
*58,399
town, Pa., 17 miles; Germantown Branch, 3 miles; Plymouth Railroad, Bonds owned, cost...
317,855
317,855
317,855
*283,000
9 miles; total, 29 miles. The property was leased Nov. 10, 1870, to
Betterm’ts to l’sed r’ds
644,952
651,671
060,293 - 7o6,241
Philadelphia A Reading Railroad for 999 years at a rental of $209,023 BillsA aoc’ts ree'vable 1,158,840
1,202,433
1,361,789
1,076.520
and $8,000 yearly for organization expenses. Dividends of 12 per cent Materials,
fuel, Ac
454,013
517,928
541,607
625,859
per annum are regularly paid.
Cash on hand
92,312
462,183
59,316
237,543
Add’ns to Cin. 8. C.Ry
64,639
64,639
04,639
64,039
PhiladelpfUa Newtown <6 New Y/yrTc.—From Newtown Junction to Profit & loss balance.
329,178
291,868
37,504
22
slock,
$1,200,000.
November
10,
Newtown, Pa.,
miles. Capital
On
1879, the Philadelphia A Reading Railroad purchased 12,012 share*,
Total assets
23,056,586 23,297,655 23,002,567 23,219,144
giving control of the property, and guaranteed the bonds
(See
Liabilities$
$
$
$
Chronicle, V. 29, p. 512./
8tock, common
2,508,000
2,508,000 2,508,000 12,508,000
Philadelphia <£ Trenton.—Philadelphia, Pa., to Morrisville, Pa., 27 8took, preferred
5,929,200
5,929,200 5,929,200 15,929,200
miles. On Dec. 1, 1871, it was leased with the United Companies of Bds.
(see Supflem’t) . 12,508,061 12.497,000 12,497,000 12,497,000
New Jersey to the Pennsylvania Railroad, and is operated as a part o1 All other dues Aaoc'ts
721,954
956*898
720,893
784,754
its New York division. Regular dividends of 10 per cent are paid.
Due Little Miami RR.
889,060
838,808
888,783
891,189
134,601
184,601
184,001
184,601
Philadelphia Wilmington <£ Baltimore.—Philadelphia, Pa., to Balti¬ Due C. C. & I. C. RR..
more, Md., 96 miles; Port Deposit Branch, 4 miles; Southern Division to
*
Stocks and bonds as follows: Little Miami, $1,100 stock, $8,000
Rodney A Newcastle, Del., 12 miles; total, main line and branches, 112
bonds;
Little Miami Elevator stock, $20,000: C.C4LG bonds, $275,miles; Delaware Railroad (leased), 95 miles; total operated, 207 miles.
000; Union Depot, Columbus, stock, $20,000.
Owns over half the stook or the Phil. & Balt. Central road.
t Of which $480,450 common and $3,500 preferred Is Stemb. A lad,
In April, 18*1, nearly the whole stock was purchased and is held by
stock unconverted.
Penn. RR. Co. Operations and earnings for five years past were:
..
xlviii
KA1LR0AD
Subscriber* will confer
a
DESCRIPTION.
first page of tables.
FiUtb. A Conncllsville.—1st mortgage
1st
do
Turtle Creek division
Consol, mort., guar. B. & O. (s. f. £7,200 pr. yr.).
Pittsburg Ft. Wayne A Chicago—Stock, guar
Special improvement stock, guaranteed
do
do
do
do
do
do
do
do
do
"do
do
do
1st
lt*i
1st
1st
1st
2d
2d
2d
2d
2d
2d
3d
do
do
do
do
do
do
do
do
do
do
do
B
C
D
F.
F
G
H
I
K
L
M
Bonds all cou¬
pon, but may
be made pay¬
able to order.
Pittsburg, Ft. Wayne & Chic, construction bonds.
Equipment bonds (renewed)
Pittsburg A Lake Erie— Stock
1st mortgage, gold, coupon
Piiisb. Va. A Charlestonr— 1st mortgage, gold
Pittsburg Youngstown & Chicago—Stock
Pomeroy A State Line—Stock
Port Jervis A Monticello— Stock
Port Royal A Augusta -1st mortgage
Inoome mortgage bonds, coup
Portland A Oadensb.— 1st mort., gold
Mortgage (for $3,300,000)
Portl. A Rochester— 1st mort., s. f. (Portl. loan) “A”.
1st
2d
mortgage, equal lien.
do
(Portland loan) sinking fund, ‘B’
Portland Saco A Portsmouth—Stock
Portsmouth Qt. Falls A Conway—Stock
1st mortgage
.
lv77.
Cin. Street Conn. bds.
Miscellaneous
Profit A loss balance.
1878.
$
$
262,500
53,210
262,500
70,648
149
10
149
468
468
468
468
468
468
468
468
468
468
468
468
468
468
468
m
m
m
m
a
^ #
70
70
30
1868
1859
1876
$100
100
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ae.
500 Ac.
500 Ac.
500 Ac.
1878
1,000
860,000
-
860,000
860,000
860,000
2,000,000
100,000
1,000,000
2,050,000
1,583,000
4,000,COO
soojooo
724^276
250;000
100 Ac.
100 Ac.
500 Ac.
100 Ac.
500 Ac.
500 Ac.
500 Ao.
100
100
500 Ac.
1880.
$
23.056,586
,000,000, and the consolidated sterling mortgage was made and guar¬
anteed by the Baltimore & Ohio. It is operated as the Pittsburg Division
cf the Baltimore 4 Ohio Railroad. In February, 1880, a
judgment in
favoro Baltimore A Ohio Company was confessed for $4,354,74 8.
Stock
jus $1,955,741. In 1879-80 the net earnings were $1,011,827. (V. 29,
p. 635 ; V. 30, p. 219.)
Pittsburg Fort Wayne A Chicago— Pittsburg, Pa., to Chicago, Ill., 468
miles.
The company made default Oct. 1, 1857, and again in 1859, and
foreclosed Oct. 24, 1861, and reorganized under this title Feb. 26,
1862. On June 27,1869, the company leased all its road and property
to the Pennsylvania Railroad at a rental equivalent to interest, sink¬
ing fund of debt, and 7 per cont on $19,714,286 stock, which was
increased at that time from $11,500,000.
The lease was transferred
subsequently to the Pennsylvania Company. The lessees are to keep
the road in repair and also pay taxes, expenses, Ac. The Pittsburg Ft.
was
Wayne & Chicago leases the Newcastle A Beaver Valley and the Lawroads, which in turn are leased again by the Pennsylvania Com¬
pany. Of the 1st mortgage bonds, $1,106,000, and of the 2d mortgage
$1,258,000, and $399,813 cash, were held in the sinking funds Jau. 1,
1881. The special improvement stock is issued to Pennsylvania Rli.
fence
improvements, Ac., under article 16 of lease, viz.:
the first part hereby agrees that, for the
of the second part to meet the obligations
■>ftlie party of the first part to the public, by making from time to time
such improvements upon and additions to the said
Pittsburg Fort Wayne
& Chicago Railway, in the extension of facilities for increased business
by additional tracks and depots, shops and equipments, and the substi¬
tution of stone or iron bridges for wooden bridges, or steel rails for iron
rails, the party of the first part will issue, from timo to time, a special
or
**
Akticle 16. The party of
vurpose of enabling the party
stock, which shall bear such name as shall be hereafter agreed upon, or
bonds, or other securities, which shall be issued in such form as may,
from time to time, be found to be most available with respect to
economy
of interest and negotiability, and shall be consistent with the
legal
powers of the party of the first part and the rights secured by these
resents, which
special stock,
or bonds,
shallpart
be
£sued
the conditions
or other
securities,
following:
The said
the second
party of
on
shall guarantee the pajunent, semi-annually or quarterly, thereon of
such rate of interest as may be agreed upon between the. parties
hereto,
to be paid by the said party of the second part to the holders thereof
without deduction from the rent hereinbefore reserved; and the said
special stock, or bonds, or other securities, shall be issued only in respect
to improvements of and additions to the said railway which, and esti¬
mates and specifications of which, shall have been submitted to and
approved by the said party of the first part in writing; and all such
improvements or additions shall be made in such manner as shall he
approved by the said party of the first part. The party of the first part
shall not at any time, during the term aforesaid and the continuance of
this lease, make or issue any bond or obligation, in addition to the bonds
hereinbefore specified, except subject to this lease, without the consent
in writing of the said party of the second part first had and obtained
thereunto."
The lease has been profitable to the lessees. Of the 1 st mort. bonds
only
$4,054,000 were outstanding Dec. 31, 1880, and of the 2d mort. only
$3,902,000, the balance being in the sinking funds. Operations and
©amings for five years past were as follows:
Passenger Freight (ton)
Gross
Net
Div’d
Years. Miles.
Mileage.
Mileage.
Earnings, p. ct.
Earnings.
1876.... 468 107,790,180 567.572,005 $7,853,848 $3,066,687
7
1877.... 468. 76,466,488 439,998,281
7,020,545
2,956,147
7
1878.... 468
77,819,493 637,470,506
7,872,476
3,529,085
7
1879.... 468
86,406,476 803,053,260
8.461,563
3,729,298
7
1880.... 468 101,287,111 806,257,399 10,096,819
4,778,210
7
—(V. 30. p. 674 ; V. 32, p. B 77.)
Pittsburg A Lake Erie.—Dec. 31, 1890, owned from Pittsburg, Pa to
Youngstown, O., 68 miles; branch line to Newcastle, Pa., 2 miles; total,
70 miles. Opened Feb. 1,1879. On Dec. 31, 1880, equipment notes, in¬
cluding interest, were $427,423: real estate mortgages, $198,053; float¬
ing debt, $96,078. Gross earnings in 1879 were $335,648, net, $157,923;
gross in 1880, $841,256, net, $442,244. The Lake S. A Mich. So. sub¬
scribed for $200,000 of the stock.
(V. 30, p. 141; V. 23, p. 62, 101.)
Pittsburg Virginia A Charleston— From Birmingham Pa., to Monongahela City, Pa., 30 miles. The stock is $676,613. Of the bonds, $500,000are owned by the Penn. RR.
Net earnings in 1876 were $40,346; in
,
1877, $34,640; in 1878, $52,298
;
in 1879, $27,084.
When
Payable
Where Pay able, and by
W1tiom.
J. A J. Balt.. Balt. A Ohio RR.
F. A-A. Pittsb., First Nat. Bank
J. A J. London. J.S.MorganACo
N.
Q.—J.
Q.—J.
Y., Winslow, L. A Co.
J. A J.
F. A A.
do
do
do
A
A
A
A
A
A
A
A
A
A
A
A
A
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
.Bontfs—Princi¬
pal,When Due.
Stocks—Last
Dividend.
July, 1898
Aug. 1, 1882
Jan. 1, 1926
Jan. 4, 1882
Jan.
1. 1882
1912
1912
1912
1912
1912
1912
1912
7
7
7
7
7
7
7
7
7
7
7
7
7
7
8
M.
A.
M.
J.
J.
F.
M.
A.
M.
J.
A.
J.
M.
6 g.
7 g.
J. A J. N.Y., Chemical Nat. Bk.
A. A O.
Philadelphia.
6 g.
6 g.
6 g.
6 g.
6
7
6
3
3
4^?
J. A J. N. Y., Office, 252 B’way. Jau. 1, 1899
do
J. A J.
do
Jan. 1, 1899
J. A J. Portland, Trcas. Office.
Jan., 1900
M. A N.
do
do
Nov.. 1901
J. A J. Boston, Columbian B’k. July 1, 1887
A. A O.
do
do
Oct. 1, 1897
do
Various
do
Sept. 1, 1891
J. A J.
Boston Office.
July 15,1881
J. A J. Bost., Eastern RR. Co. July 15, 1873
J. A D.
do
do
June 1, 1937
S.
O.
N.
D.
J.
A.
8.
O.
N.
D.
O
J.
8.
July
July
July
July
July
July
July
July
July
July
July
July
July
1,
1,
1,
1,
1,
1.
1,
1,
1,
1,
1,
1,
1,
Jan. 1,
Mch. 1,
1912
1912
1912
1912
1912
1912
1887
1884
1,500,000
800,000
2 268,000
700,000
350,000
450,000
1,500,000
770,000
1.000,000
July 1, 1928
April 1,1902
.
,
Pittsburg Youngstown A Chicago.—(V. 33,
p.
75.)
Pomeroy A State
Line.—Pomeroy, Pa., to Delaware State line, 21
262,500
miles. The former Penn. & Del. Rli. was leased to the
Pennsylvania
64,849
97,051 Railroad, with net earnings as rental. On August 12,1879, the road
Baltimore transfened its interest to the Baltimore & Ohio Railroad for
'
[vol. ixxiit.
.
2.000',000
1,000
^
1\
1*
860,000
860,000
50
m
7
6
6 g.
875,000
1,000
1,000
....
Rate per
Cent.
$4,000,000
326,600
6,500,000
19,714.285
6,770,900
875,000
875,000
875,000
875,000
875,000
50
^
65,590
100 Ac.
£200
....
1878
1878
60
1870
94
1871
52*2 1867-9
52*s 1870
521* 1871
51
-A
71
71
1877
$
262,500
Outstanding
1871
1862
1862
1862
1862
1862
1862
1862
1862
1862
1862
1863
1862
1862
1857
1874
21
23
112
1879.
Amount
$1,000
23,297,655 23,062,567 23,219,144
—(V. 30, p. 118, 298, 381; V. 32, p. 155, 498.)
Pittsburg A Connellsville — Pittsburg, Pa., to Cumberland, Md., 150
miles; branch, 2 miles; leased lines, 22 miles; total, 174 miles. On
December 13 1875, tlio property was leased to the Baltimore A Ohio
Railroad, and possession given January 1,1876. The rental is interest
cn the debt and £7.200 sterling as an annual
sinking fund. The city of
.
BONDS.
INTEREST OR DIVIDENDS.
Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
was
Total liabilities.
AND
great favor by giving Immediate notice of any error discovered In tbese Tables.
Far explanation of column headings, Ac., see notes
on
STOCKS
(V. 28, p. 113.)
..
sold in foreclosure for $100,000, and this company organized, as
of this part of the road, which connects with the Newark & Del
owners
City RR., 17 miles.
Strickland Kncass, President. Philadelphia.
V. 29, p. 162; V. 30, p. 170.)
Port Jervis A
(See
Mo7iticello.Sc.pt. 30,1880, owned from Port Jervis, N.
Formerly the Montieello & Port
Y„ to Monticello, N. Y., 24 miles.
Jervis RR., which was sold in foreclosure July 16,1875, and
reorganized
as the present Port Jervis & Monticello. Gross
earnings 1878-9, $25,806;
net, $1,616; gross earnings in 1879-80, $29,128 ;net, $6,545. The stock
is $724,276, issued to the former holders of first mortgage bonds.
Port Royal A Augusta — Line of road, Port Royal, S. C., to Augusta,
112 miles.
Ga.,
Formerly Port Royal Railroad.
Defaulted Nov. 1, 1873,
and receiver appointed May 9, 1875. Sold in foreclosure Juno
6,1878,
and purchased for the bondholders, who organized this
company. The
Georgia Railroad was endorser on $500,000 of the old bonds. In Jan.,
’81, 2 per cent for 1879 was paid on income bonds. The new stock is
$750,000, and in June, 1881, a controlling interest was purchased by
Central Georgia RR. parties. There are also $50,000
The report for 1880 gave
equipment, bonds.
earnings, &c., compared with 1879, as follows:
Gross earnings
Operating expenses
Net
earnings
1879.
1880.
$242,722
193,355
$3o9,634
222,634
$40,366
$87,000
The report states: “ It. was found necessary to increase the
rolling
stock and motive power during the past year by the addition of new
cars and a locomotive, and for this purpose
‘equipment bonds’ have
been issued to the amount of fifty thousand dollars ($50,000).
bearing
8 per cent interest, and payable at the rate of ten thousand dollars
($10,000) a year after the year 1881. These bonds are secured by a
purchase money mortgage upon the equipment purchased and con¬
structed with the proceeds, made to James D. Fisk, Esq.,
Trustee.
This new equipment is of great aid to us at present, but is not
commensurate with the actual increase, or immediate prospects of
business, and during the present year we should make arrangements to
still further equip the road, by the construction of at least (me hundred
freight cars, and the purchase of two more locomotives; and I earnestly
recommend your cordial attention to this important matter. Since las't
annual meeting, improvements have been
progressing at Port Royal.
The Augusta & Port Royal Compress Company have completed their
large Taylor Compress, which is
now
in operation, and they have loaded
several large English steamships with cotton for Europe, and others aro
now at the compress wharf
receiving cargoes. (V. 30, p. 466 ; V. 31, p
653 ; V. 32, p. 356; V. 33, p. 589, 621.)
Portland A Ogdensburg.— Sept. 30, 1880, owned from Portland Me.,
to Fabvans. 91 miles.
It reaches the Vermont Division (now St. Joline-
bury & Lake Champlain) by using 14 miles of the Boston Concord &
Montreal RR. and a 3-mile link of its own. The city of Portland owns
a
controlling interest in the stock, which is $1,052,185.
A suit in
eouity was begun by holders of the 1871 mortgage in February, 1881,
which will bo contested by the city. Earnings of this road for five
years past were as follows:
Years.
1875-6
:
1876-7
1877-8
1878-9
1879-80
Miles.
94
94
94
94
Gross
Eam’gs.
$234,980
Net
Earu’gs
$91,066
262,764
09,431
270,783
88,574
92,296
271,493
94
292,659
102,695
—(V. 28, p. 144, 200; V. 29, p. 253, 435, 632 V. 30, p. 142, 170, 651 ;
V. 31, p. 21; V. 32, p. 204 )
Portland A Rochesiej'.—Sept. 30,1880, owned from Portland, Me., to
Rochester, N. HE., 53 miles. Put in the hands of a Receiver February,
1877. The bonds series A and B were issued to the city of Portland m
exchange for city bonds, on which the city pays interest. July 8, 1879
the interest of the city in this road was sold to the Receiver. On Oct.
1,1890, the interest duo and unpaid amounted to $576,000; and pro¬
ceedings have been begun to foreclose the $350,000 mortgage. Gross
earnings in 1879-80, $162,633; net, $24,728. (V. 28, p. 41, 625; V. 29,
p. 42; V. 32, p. 181; V. 33, p. 461.)
Portland Saco A Portsmouth.- -Portland, Me., to Portsmouth, N. H., 51
miles. It was leased May 4,1871, to the Eastern Railroad, Mass., at 10
per cent on stock. Lease rental changed May 21, 1877, and now 6
per cent. No debt.
(V. 28, p. 580.)
Portsmouth Great Falls A
Conway, N. H., 71 miles.
Conway.—Conway Junction, Me., to North
The Eastern Railroad in Massachusetts has
made a lease of the road for 60 years from December 1,1878, with a guar¬
anteed rental of $45,000 a year, which pays 4*a per cent on $1,000,000
bonds, and the stock is to receive the same dividends as the stock of the
lessees. The total stock is $1,150,300, of which the lessees own
$551,300. (V. 27, p. 15, 97,115, 228.)
Subscribers will confer a
great favor by giving
Miles
of
Dover—Stock
Poughkeepsie Hartford <& Boston—lot and 2d mort.
providence** Spring/.—1st M. *end. by City Prov.).
Portsmouth <£
providence <£•
Worcester'—Stock
bonds
Raleigh** Gaston— 1st mortgage
Heading *£ Columbia— 1st mortgage,
Lancaster A
1188774--569..032
97
40
40
15
181
79
coupon
Residing, 1st mortgage
Rensselaer <£• Saralogor—Stock
1st, mortgage, consolidated
(for $2.000,000)
Ehi'ielMAr & Conn— 1st mortgage, gold
Richmond <& Alleghany— 1st mortgage, gold
Richmond <£• DanciUe— Stock
State sinking fund loan
.. -.
3d mortgage, consolidated, coupon or registered.
General mort., gold (for $6,000,000)
Piedmont branch, 1st mortgage
nth western,
N. O., 1st mort., guar
Richmond York River A Clies., 1st mortgago
do
do
2d mortgage......
Pith'd Predei'ioksburg <£•
Dollar loan
Coupon bonds
Potomac—Bonds, ster
35
250
189
99
38
38
1877
1873
1862
1864
1873
1871
....
1880
.
-
1807
1874
18i 8
1873
1873
1880
Co.—Stock
Incomes (non-eumulative)
1st mortgage, extension, gold
Income bonds
120
120
500,000
100
2,500.000
1/242,000
7
3
6
8
7
J.
J.
J.
M.
J.
J.
J.
M
A J. Providence,Am. NaLBk
A J.
Proridenoe, Olfioe.
do
do
A J. Th ila. ,Pa., A Ral’gli.N.C.
A 8. N. Y., Union Nat. Bank.
A I). Columbia, First Nat.B’k
Phi la., Co.’s Office.
A J.
A J. N. Y., Nat. B’k Com’roe.
A N. N.Y., Del.A H.Canal Co.
J.
A J. N. Y.t Treasurer
....
.
100 Ac.
1.000
.
.
1870
1875
....
....
1881
1881
1881
1881
7
350,060
7,000,000
1,925.000
7
4
1,000
800,000
5,000,000
100
4,000,000
7
7 g.
2
6
6
« g.
8
6
8
6
6 g.
‘100 Ac.
100
1,000
....
7
100 Ac.
420,638
1,228,100
1 0<K)
2,910,000
1,00)
1,060
1,006
500,000
500,000
900,000
1,000
400,000
....
•
•
•
•
•
58,216
316.590
150,000
•
mm mm
.
820,000
650,000
350,000
1,000
•
300,000
....
3
'8
1,009,300
125,000
100
1,000
G A 7
75,000
500 Ac.
3,000,000
....
3
1,000
1,300,000
6
1,000
1,870.000
2,400,000
1,000
1,000
Moll. 1, 1882
June. 1884
July 1,1893
1. 1882
Nov., 1921
Jan.
-
do
do
‘ do
Richmond.
do
do
do
1,'i 920
15, 1881
1880
May 1/85 &’90
1915
1888
1902
1894
1890
do
do
London.
188o
Richmond, Office.
1890-85
Phil.,Townsend W. A Co.
d*>
do
Richmond, Office.
do
do
do
do
1K90
1901
Jan. 2, 18821882 to ’86
May 1. 1915
J. A J. N.Y., by N.Y.LE. AW.Co
F. A A. N. Y., Union Trust Co.
Jan. *
1882Feb. 1. 1921
Feb. 1 1921
T,
1921
6 g.
0
3,200,000
7
160,000
Equipment bonds
1897
Jan., 1898
.
5.35,200
100
A
188~
July 'lV 1892
Jan. 2, 1882
of Co. July
N.Y.,Morc’ntilo Nat.Bk.
JA N.
A J.
A O.
A. A O.
J. A J.
M. A N.
J. A J.
Various
J. A .T.
M. A N.
J. A J
A. A O.
M. A N.
6 A 7
8
G
July,
Nov.
Q.-F.
J
M
J.
A.
Stocks—Last
Dividend.
Portsmouth, Trees,
1,000
....
•
pal,When Due,
and by
Where Payable,
Whom.
A J.
•
»
Payable
Cent.
•
J.
....
•
When
Rate per
3
....
....
Richmond <6 West Id. Ter. R. <6 TV.
Amount
Outstanding
Tables*
Botuts—Prinoi
$769,000
535,000
....
.
Rochester & Genesee Valley—Stock
Rochester & Pittsburg.— 1st mortgage
Value.
....
of 1890
1st mortgage, coupon...e
New mortgage
Par
....
1872
m
25
25
25
100
18
108
Size, or
$100
.
....
....
141
141
48
m m •
of 1901
Richmond <k Petersburg—btook
Coupon bonds
11
42
23
67
....
New
2d mortgage, column
Date
of
Road. Bonds
tables.
first page of
Immediate notice of any error discovered in these
INTEREST OR DIVIDENDS.
DESCRIPTION.
on
xlix
STOCKS AND BONDS.
BAILROAD
1881.]
December,
....
Richmond <£ West Point Terminal Railway & Warehouse Co.—This com¬
Dover.—Portsmouth, N. H., to Dover, N. II., 11 miles. pany was incorporated by an act of the Legislature of Virginia of March
Opened February 1,1874, and leased for 50 years to Eastern of New 8, 1880. Its stock was placed on N. Y. Stock Exchange in November,
Hampshire at 6 per cent per annum on the stock. Operated now by 1881, and the balanoo sheet was published in the Chronicle, \ 33, p.
Eastern (Mass.) A suit as to rental was decided April, 1880. Frank 589. The company owned the following stocks, viz.: $2,550,000 Rich¬
Jones, President, Portsmouth, N. H. (V. 30, p. 358, 519; V. 31, p. 205.) mond A Danvillo Extension Co., $120 000 Northeastern Railroad of
Pough^psle Hartford <C Boston—Sept. 30.1880, owned from Pough- Georgia, $3,166,300 Western North Carolina RR., $100,006 Knoxville
keepHie, N. Y., to New York State Line, 47 miles. The Poughkeepsie A A Augusta RR.. $1,302,400 Charlotte Columbia A Augusta RR., $518,Eastern RR. was opened in 1872, and was sold in foreclosure May 15, 000 Virginia Midland Railway, $1,001,000 Columbia A Greenville RR.;
1875, and the present company organized. It connects with the Connec¬ and the follow ing bonis: $250,000 Richmond A Danville general mort¬
ticut Western RR.
The stock is $850,000. In 1878-9, gross earnings gage 6 per cents, $100,000 Knoxville A Augusta 1st mort. 6 per cents,
were $51,844 and expenses $43,329.
In 1879-80, earnings, $56,101; $368,000 Snarl anburg A Asheville 1st mort. 6 per cents, $850,000 West¬
ern North Carolina oon. 6 per cents, $15,700 miscellaneous township
expenses, $50,012. G. P. Felton, President, Poughkeepsie, N. Y.
Portsmouth <6
23 miles. It
is proposed to extend the road to Springfield, Mass. Stock is $517,150
In 1878-9, gross earnings were $79,988 ; n“t, $39,302; in 1879-80, gross
$88,125, net. $39,304. William Tinkham, President, Providence, R. 1.
Providence <6 Worcester.—Sept. 30,1981, owned from Providence, R. I.,
to Worcester, Mass., 44 miles; branches, 7 miles; leased Milford A, Woon¬
socket RR. and Hopkinton RR., 15 miles; total operated, 06 miles. In
1881 new stock for $500,000 issued for improvements, tnd stockholders
have the right till July 1,1881, to takoonenow share it parfor each four
Operations and earnings for five years past as follows:
shares owned
Providence <6
Springfield—Providence, R. I., to Pasooag,
bonds.
(V. 33, p. 589.)
1881, owned from
Richmond *£ Danville— Bept.,
Richmond, Va., to
Danville, Va., 141 miles; branches, 12 miles; Danville, Va., to Greens¬
boro, N. C., 47 miles; Salem Junction to 8alem, £5 miles; leased: West
Point, Va.. to Richmond, 38 miles; Goldsboro, N. C., to Charlotte, 223
miles; Charlotte, N. O., to Atlanta., 269 miles, and narrow gauge
branches, 70 miles; total owned and leased. 825 miles.
By ownership of a majority of the stock of the
Point Terminal Rail-way A Warehouse Company, the Richmond A Dan¬
ville Railroad Company indirectly controls and operates the following
Richmond A West
191 miles; Columbia
Union A Columbia,
N. Carolina Rail¬
Mileage,.
Eiirnings. Earnings.
Miles.
Ye irs.
road, 186 miles; Ashevillo A Spartanburg, 67 miles; Virginia Midland
$245,299
^
18,862,705 $904,635
66
13,592,849
1876-7..
285,731
Railway, 401 miles; total miles thus indirectly controlled through R.
865,792
17,916,241
13,971,108
l$77-8.. 66
A W. Pt. Tcr’l R. W. Co., 1,182 miles; grand total of miles directly and
304,049
914,476
19,286,814
66
13.753,392
1978-9..
indirectly controlled by Richmond A Danville RR. Co., 2,009- The
332,813
23,609,729 1,064,801
66
1879-80
15,941,739
officers are as follows: President, A. S. Buford; Vice-President, T. M.
303,457
1,039,071
66
1880-81
Logan; Second Vice-President, A. Y. Stokee; Treasurer, W. E Turner.
-(V. 32, p. 206 ; Y. 33, p. 561.)
Secretary, Richard Brooke, all of Richmond, Va. Following are the
Raleigh <& Gaston..—Prom Raleigh to Weldon, N. C.. 97 miles. Stock, Directors: T. M. Logan, Joseph Bryan, W. H. Palmer, J. II Dooly, A.
$1,500,000. Dividend of 3 per cent paid October, 1881. Earnings for Y. Stokes, Richmond, Va ; W. L. Owen, Black Walnut, Va. The aunual
report for 1881 was published in the chronicle, V. 33, p. 714.
five years past were as follows:
Net
Gross
The income account was as follows in four years past:
Passenger
Mileage.
Freight (ton)
Gross
Net
lines of railway; Charlotte Columbia A Augusta,
A Greeuville and brandies, 226 miles; Spartanburg
68 miles; Northeastern of Georg a, 40 miles; Western
..
*
..
..
..
..
Miles.
97
97
97
97
97
Years.
Earnings.
Earnings.
$261,142
$96,110
88,701
242,245
85,750
107,185
Net earnings...
295,051
115,343
Prem. on bonds
40
but accounts kept separate.
$100,146; payments for
and operated by Philadelphia A Reading,
Gross earnings in 1879, $274,844; net earnings,
interest and rental, $94,930.
30,1880, owned from Troy to Whitehall,
N.Y., 73 miles; branches, Albany to Waterford, 12 miles; to Green Island,
1 mile; to Glens Falls, 6 miles; to Castletown, Vt., 14 miles; to Rutland,
Vt„ 62 miles; Balston to Schenectady, 15 miles; total line and branches,
183 miles. It was a consolidation of several lines, and the Delaware A
Hudson Canal Co. leased the whole March 1,1871, at a rental of 8 per
cent on the stock and 7 per cent on the bonds. Tbc earnings given
below include the New York A Canada Railroad (150 miles). Opera¬
tions and earnings for four years past were as follows:
Net
Biv.
Pouannirov
irht /tnnl
Oi'nua
Passenger
Freight
(ton)
Gross
Years. Miles.
Earnings. Earnings, p.c.
Mileage.
Mileage.
1876-7.. 332
30,718,974 $1,826,942 $660,195
18,761,702
754,346
332
32,283,281
19,292.794
1,823,360
506,782
19,536,543
1,911,465
332
38,809,900
21,797,913
54,333,707
2,470,367 1,160,344
-(V. 29, p. 581 : Y. 31, p. 357. 483; V. 32, p 98.)
Rhincbeck & Connecticut.—Sept. 30,1880, owned from Rhinecliff, N.
Y., to Boston Corners, N. Y., 35 miles; leased, Boston Corners to State
Dine. 6 miles; total operated, 41 miles. Stock. $679,300. Gross earn¬
ings in 1877-8, $55,951; net earnings, $1,162; rental, $7,833; in
1878-9—gross, $69,291; net, $10 131; rental, $8,000; 1879-80— gross,
$65,789; net, $5,902; rental, $7,967. Edward Martin, President, Red
Rensselaer <k Saratoga— Sept.
, with branches
purchase the property
Co. The stock is
$5,000,000. In June. 1881, consolidation wirlrthe Ohio Cen. was voted,
on the following basis: The stockholders of the R. A A. Co. to receive
$6,000,000 of stock and $4,000,000 7 p. c. income bonds of tbc new
company, the outstanding $3,000,000 R. A A. stock to bo retired; th.c
Ohio Cen. stockholders to receive $15,000,060 in new stock a,ad provision
made to retire their bonds ($8,400,000). See V. 33. p. 303. The road is
to be extended t3 Ohio River 254 miles, and connect with the Ohio Cen¬
tral. For construction of River Division $5,000,000 bonds were issued,
viz., for $10,000 cash, $8,000 in mortgage bonds, $S.OOO in income
bonds and $10,000 in new stock. (V. 31, p. 330, 653; V. 32, p. 579,
613, 686; V. 33, p. 12, 48,102, 154, 202, 226, 305, 685, 716.)
Richmond <£•
Alleghany— Richmond to Williamsons, Va
786,393
42,542
$
964,318
28,100
11,120
29,125
22,740
3,997
21,248
90,000
259,730
13,656
103,441
30,054
531.248
806,589
854,180
1,489,299
320,000
320,000
240,444
320,000
244,570
320,000
252,410
*
Bonds R. Y. R. AC..
Bonds Ast’kA. AC...
Net ear’gs
R.Y.R. A C
Miscellaneous
Interest
Total incomo
Disbursements—
Rentals paid
Iut. on funded debt..
22,108
Dividends
9,745
10,60 4
18,995
floating debt.
63,005
10,151
51,200
Miscellaneous
637,320
587,499
642,635
Total disb'nte
Def. 111,387 Sur.219,090 Sur.216,860
Balance
Iut.
1880-81
1,529
489,474
on
(V. 32. p. 154, 367, 422, 469,
404, 413,461,491,580, 714.)
-
488 ; V. 33, p. 66, 100,
245.234
115,992
16,484
5 475
703,185
Sur.786,114
102, 125, 385,
Potomac.—From Richmond, Va., to Quanthere -were voted dividend certificates for
$755,039 to be issued U holders of common stock (70 per cent on each
shaie), to represent money spent on the property out or earnings. The
common stock is $1,030,100 and guaranteed stock is $500,400.
Gross
earnings in 1879-80, $330,361; net, $ 155.718; in 1880-81. gross,
$406,927; net, $208,740. 2 per cent naid in January, 1882. (V. 29, p.
656; V. 31, p. 589, 673 ; V. 33, p. 621.)
Richmond *£■ Petersburg.—Sept. 30, 1881, owned from Richmond to
Petersburg, Va., 22*2 miles; branch, 2 miles; total, 24^ miles. The road
has earned moderate dividends and the debt account is very small.
Richmond Fredericksburg dtico, 83 miles. In Nov., 1881,
(V 33, p. 102.)
to Lexington, 250 miles. The company owns by
and franchises of the James River A Kanawha Canal
Receipts—
1879-SO.
$
1878-9.
$
741,873
19,868
$
242,478
234,511
—(V. 27, p. 94.)
Reading <£ Columbia.—From Columbia to Sinking Springs, Pa.,
miles; branches, 12 miles; Lancaster & Reading Railroad, leased, 15
miles; total operated, 67 miles. Stock, $958,268. The road is controlled
Hook, N. Y.
INCOME ACCOUNT.
1877-9.
Miles.
Years.
1876-7....
1877-8....
1878-9....
1879-80
1880-81
....
....
.
..
....
Passenger
Mileage.
25
2,097,594
25
2,016,684
2,176,390
2,281,321
2,457,617
25
25
25
Freight (ton)
Mileage.
1,576,263
$137,116
1,594,670
2,047,436
2,465,878
154,622
2,746,449
-(V. 30, p. 272; V. 33, p. 623.)
Rochester cC Gcncssce Valley.—Avon
Net
Div.
Earn’gs. p.c.
$47,271
..
62,553
73,071
4
4
164,198
79.'99
4
1S5.905
85,926
6
140,069
Y., 18 miles.
Railway, uml now operated
New York Lake Erie A Western. Rental, $34,012. James Brockett,
Leased July 1,1871,
by
Gross
Earnings
President, Rochester, N. Y.
Rochester £
to Rochester, N.
in perpetuity, to Erie
owned from Rochest er, N.Y, to
Formerly Rochester A State Liue, which
Pittsburg.—Deo. 31, 1880,
Salamanca, N.Y.S 108
miles.
'
^ Jr** 4r
RAILROAD STOCKS
Subscribers will confer
a
explanation of column headings, Ac.,
on
see
Miles
Date
of
of
notes
first page of tables.
108
91
409
97
190
190
409
45
120
120
1st mortgage
Rome Watertoum d Ogdensburg—Stock..
1st sinking fund mort., Wat. & R. (extended)
General mortgage, sinking fund
2d mortgage
Consol, mort.. convert, till July. ’79, coup
Syracuse Northern (gold)
Rutland—General mort. (8 per cent, reduced to 6).
New 2d mort. in excli. for equipment bonds, Ac
Sacramento d riacerrille -1st mortgage (S. V. RR.).
.
.
....
1st mortgage (S. A P. RR.)
Saginaw Valley d St. Louis.—1st mortg., coup
St. Johnsbury d L. Champlain— 1st M.,coup. or reg.
St. Joseph d St. Louis—Stock
Stt Joseph d Western— 1st M. St. Joseph A Pacific.
48
34^
.
18796-0
120
76
112
112
115
115
.
2d mortgage
Kansas A Nebraska, 1st mortgage
Kansas A Nebraska, 2d mortgage
Hastings A Grand Island. 1st mort....
St. Louis Alton d Ten'e Haute—Stock
Pref. st’ek (7 cumulative)
1st mortgage (series A) sinking fund..
1st mortgage (series B) sinking fund..
2d mortgage, preferred (series C)
2d mortgage, preferred (series D)
2d mortgage, income
Equipment; mortgage
«...
1855
1861
1872
1874
1871
1872
1878
1855
1877
1872
1880
«
-
1876
1876
1876
1876
$....
25,000
100
100 Ac.
500 Ac.
]
co
-
.
§5
o
2
©
1,000
1,000
1,000
1,000
....
100 Ac.
....
1,000
•
•
50
135
135
1st mortirace
135
633
St. L,oui8 d San Francisco.—Stock, common
Preferred. 7 ner cent, not cumulative..
1
do
100
100
500 Ac.
•
633
633
1870
1876
....
1,000
1,000
500 Ac.
1,000
....
100 Ac.
1,000
1,000
—
opened May 15,3878. In Feb., 1880, Sylvanus J. Macy, of Rochester,
appointed Receiver of the company. The road had been largely
assisted by the City of Rochester. On Jan. 8, 1881, the road was sola,
and purchased by Walston H. Brown, of New York, for $600,000, and
was reorganized as the Rochester A
Pittsburg, with capital stock of
$3,000,000 (increased May, 1881, to $4,000,000). In November, 1881,
an important consolidation was made.
See V. 33, p. 023.
For every
■was
was
810,000bonds,
givesstock
$5,350
1stpavmenr
inort.. $7,850
old bonds
the Koch.
Pittsb.
inand option
to &
take
$5,000
upon
of $500.
ome
plan in V. 31, p. 651. In August, 1881, to extend 120 miles to
Brookville, stockholders of each 100 shares had the right to subscribe
$11,400 cash and take $6,000 in new mortgage bonds, $8,000 in new
See
incomes and 150 shares of new stock. In December, 1881, the hold¬
ers of income bonds were offered preferred stock in
place of the income
bonds. Gross earnings in 1880, $255,832; net, $34,693.
(V. 30, p. 170,
223, 589; Y. 31, p. 330, 536, 560, 653,673; V. 32, p. 71, 156, 184, 437,
544; V. 33, p. 178, 623, 642.)
Rock Island d Peoria—Rock Island, Ill., to Peoria,
Ill., 91 miles. This
is the Peoria A Rock Island, sold in foreclosure of the first
mortgage
April 4, 1877, the bondholders becoming the purchasers. Capital stock,
$1,500,000. Gross earnings, 1879, $387,580; net earnings, $89,833, out
a
5 per cent dividend w as
paid
on
the stock.
(V. 28, p. 351.)
Rome Watertown d Ogdensburg.—Sept. 30,1881, owned from Rome to
Ogdensburg, 141 miles; branches: To Cape Vincent, 24 miles; to Pots¬
dam, 24 miles; Oswego to Lewiston, 146 miles; Sandy Creek to
Syracuse, 45 miles; leased Oswego A Rome Railroad, 29 miles; total
owned, leased and operated, 409 miles. It was a consolidation October.
1861, of the Watertown & Rome and the Potsdam & Watertown rail¬
roads.
The Lake Ontario Shore Railroad was foreclosed
September 22,
1874, and transferred to this company January 15,1875. The Syracuse
Northern was foreclosed, and purchased by this
company August 1,
1875. The Oswego & Rome was leased January 1,1866,
at 8 per cent
on
stock and interest on bonds. The
company has been in default on
coupons of the consolidated bonds since April 1, 1878, and
proposes to
let the prior liens stand and give for the consolidated
mortgage new
b<mds bearing 5 per cent; also to fund the 28 percent overdue
interest (to
July, 1882.) into 7 per cent income bonds; to assess 10 per cent cash on
stock to pay floating debt, and give income bonas for the
assessment.
Foreclosure under the consolidated mortgage is to be made if necessery. Certificates for $5,500,000 issued by the Farmers’ Loan A Trust
Co. for bonds deposited Operations and
earnings for five years past
were as follows:
Years.
Miles.
409
409
T878-9...:... 409
409
Passenger
Mileage.
17,549,628
15,199,509
20,517.456
16,402,043
409
17,417,353
—(V. 26. p. 334; V. 28, p. 276;
653, 659; V. 33, p. 491, 562, 6S7.>
Gross
Mileage.
Net
Earnings. Earnings.
$1,248,842 $336,708
26,732,738
24,967,418
1,203,786
350,747
25,914,496
1,143,288
308,648
43,538,148
1,467,894
487,738
45,887,851
1,510,442
284,088
Y. 29, P- 68, 581; V. 31, p. 406,
Rutland.—From Bellow’s Falls, Vt., to Burlington,
Vt., 120 miles. This
road has been through many changes. It was leased to the
Central Ver¬
mont in December, 1870, for 20 years, but the lessee
became insolvent,
and Anally a modification of the lease was
made, giving $250,000
%
%
per
year as a minimum rental and $8,000 for organization expenses. The
bondholders agreed to
accept 5 per cent bonds in exchange for equip¬
ments and 6 per cent bonds in lieu of 8 per cents.
The
common stock is
$2,480,600 and preferred $4,000,000. 1^ percent paid on preferred
stock August, 1881. (V. 30, p. 118 ; V. 31,
p. 124, 153, 484; V. 33, p.
154.)
Sacramento d Placerville.—Sacramento, Cal., to
Shingle Springs, Cal.,
48 miles. This was a consolidation of the Sacramento
Valley and the
Folsom A Placerviile railroads, April 19, 1877.
Capital stock, $1,756,000. Gross earnings, 1880,
net
$132,000;
Stanford, President, San Francisco.
earnings, $60,278.
Leland
Saginaw Valley d St. Louis— From Saginaw to St. Louis, Mich., 35
Road opened January, 1873.
Has a traffic guarantee from
Michigan Central. Capital stock, $264,804. In 1878, gross
earnings
were $84,952; net $51,967.
Interest payments, Ac., $53,728. In July,
miles.
1879, management was transferred to the Detroit Lansing A Northern."
-(V. 27, p. 304; V. 29, p. 96.)
St. Johnsbury d Lake Champlain.—This was the Portland
A Ogdonsburg, Vermont Division, and was reorganized under this title in
1880.
Preferred stock, $1,298,000; common stock,
$2,550,000. Net earnings
year 1880 1, $51,667.
(V. 30, p. 651; V. 31, p. 21, 397; V. 32, p. 145,
336,422; V. 33, p. 202, 327 )
St. Joseph d St. Louis.—St. Joseph, Mo., to
Lexington, Mo., 76 miles.
Present company is successor to the St. Louis A St.
Joseph Railroad, sold
in foreclosure February 8, 1874. Has no funded or
floating debt. The
St. Louis Kansas City & Northern took a lease of the
road for 99 years
10
3
7
7
7
7
7
6
5
10
6
8
596,000
100
100 Ac.
1864
1864
1864
1861
1870
1881
1877
m
ISOiOOO
446,000
1864
m
Cent.
5,293,900
418,500
1,021,500
1,000,000
100 &8.
100 Ac.
Rate per
$1,500,000
'■
5,500,000
500,000
1,500,000
1,500,000
400,000
700,000
207
207
207
„
Outstanding
1,000
1,000
207
•
Income bonds
of which
[VOL. XXXIII,
INTEREST OR DIVIDENDS.
Amount
1,000
25
.
7 per cent
1878
or
Par
Value.
121
Income bonds, not cumulative
St. L. Hannibal d Keok.—1st M convertible till ’87
St. Louis Keokuk d N.W.- Stock ($1,350,000 is nref.)
preferred*,
Size,
Road. Bonds
Rock Island d Peoria—Stock.
1st
BONDS.
great favor by giving Immediate notice of any error discovered in these
Tables,
DESCRIPTION.
For
AND
6 g.
1,000,000
1,900,000
1,200,000
1,900,000
1,200,000
375,000
2,300,000
7
7
2,468,400
1,100,000
1,100,000
1,400,000
1,400,000
1,700,000
300,000
1,367,000
55 bds.
7
7
7
7
7
7
7
Where Payable, and by
Whom.
Payable
J.
J.
M.
J.
J.
A.
J.
M.
F.
J.
J.
M.
A.
A
A
A
A
A
A
A
A
A
A
A
A
A
J.
J.
J.
J.
A
A
A
A
72,000
2,700,000
L620.000
1,080,000
10,500,000
10,000,000
4,500,000
6
7
A J.
A. A O.
F. A A.
M. A N.
M. A N.
M. A S.
June 1
A. A O.
6
J.
Y., Office 50 Wall
do
do
Stocks—Last
Divideud.
J.
do
do
do
do
do
do
N.
st.
do
do
do
do
do
do
do
do
Y., Nat. City Bank.
Apl. 20, 1881
1894
1894
1894
1894
1894
1880
Jan.
Oct.
1, 1894
1, 1917
.1
1
•
A
J.
F. A A. N.
an
Jan.
3
3^2
3ic
pal,When Due.
1880
J. N. Y.. Corn Exch. Bank.
Jan. 1, 1900
J. N. Y., Farm. I.. A T. Co.
July 15,1875
S.
do
do
Sept. 1, 1910
D.
do
do
Dec. 1, 1891
J.
do
•
do
Jan. 1, 1892
O.
do
do
July 1, 1904
J.
do
do
July, 1901
N. Best., Bk. of Redempt’n
Nov. 1. 1902
A.
do
do
1898
J.
New York City.
1875
J.
do
1907
N. New York, 9th Nat. Bk. May
1, 1902
O.
Boston.
vOet. °1, 1910
New York.
(1)
J.
N. Y., Kountze Bros.
Jan. 1, 1915
J.
do
Jan. 1, 1915
J.
do
Jan. 1, 1915
J.
New York.
Jan. 1, 1915
N.
10
Princi¬
When
10OC
1, 1906
Jan. 18
Y., Company’s Office.
1882
Aug. 1, 1881
July 1,1874.
The terms of the lease are an annual payment of $35,000
for five years and then 30
per cent of gross earnings, but $25,000 guar¬
anteed. -
St. Joseph d Western.—Line of road: East
Division—West St. Joseph,
Kan., to Marysville, Kan, 112 miles; West
Division—Marysville, Kan.,
to Hastings, Neb., 115
miles; Hastings & Grand Island road, "25 miles ;
total, 252 miles. This is a reorganization of the former St.
Joseph A
Denver City road, which went into the hands of a
Receiver in 1874
and was sold in foreclosure in November, 1875.
On the foreclosure
of the two divisions two
companies were organized,, the St. Joseph
& Pacific and tho Kansas A Nebraska, with bonds as
above. These
were consolidated as St. Joseph &
Western, the stock is $4,100,000,
par $100. The present bonds have no lien on lands, as the land
grant of 300,000 acres was put in hands of trustees for the benefit of
the
holders of the old land scrip of $2,250,000; in
June, 1880, a dividend of
12 ks per cent was declared from
proceeds of land sales. On the Kansas
& Nebraska bonds the first coupon was due
July, 1881. The road is con¬
trolled by the UnionsPaciflc. The
coupons on St. Joseph A Pacific bonds
due July, 1880, and iuce, were not paid.
(V. 30, p. 93, 170; V. 32, p.
44, 527.)
St. Louis Alton d Teiwe Haute—Main line, from Terre
Haute, Ind., to
East St. Louis, 189 miles; branches, 19
miles; leased lines—Belleville A
Southern Illinois Railroad, 56 miles; Belleville
& Eldorado road, from
Du Quoin to Eldorado. 50 miles;
total, 314 miles. This company
was a reorganization;
February 18, 1861, of the Terre Haute Alton
A St. Louis Railroad. The Belleville A Southern Illinois is leased to this
company for 999 years from Oct. 1, 1866. The main line (St. L. Alton
& Terre Haute) was leased June
1,1867, for 99 years to the Indianapolis
& St. Louis Railroad at a rental of 30 per cent of the
gross earnings up
to $2,000,000, 25 per cent on the next
$1,000,000, and 20 per cent on
all over $3,000,000; but it was agreed that in no
year should the rental
be less than $450,000. The lease was
guaranteed by three other com¬
panies (See V. 26, p. 614 and 654). The lease was unprofitable and the
solvent guarantors refused to pay more than their one-third of the de¬
ficiency, and a suit was begun, which is still pending. In 1879-80 the
company recovered from the former
purchasing committee, Messrs.
Tilden, Butler, Sage and Bayard, $400,000 for bonds retained by them at
the time of reorganization. The Belleville Branch and
Extension are
operated separately by this company, and earned net in 1879, $159,359;
in 1880, $176,471. The Belleville & Eldorado was leased for 985
years
from July 1,1880, at a rental of 30
per cent on the gross earnings, but
$15,400 per year guaranteed.
The preferred stock has a prior
right to a cumulative dividend of 7 per
cent before any is declared on common. It is also convertible into com¬
mon at par; but shall not receive
any dividend as common stock for the
time it wras held as preferred. In
January, 1881. the company declared
3.per cent in cash on the preferred stook and afterward settled the re¬
maining 55 per cent of accumulated dividends by the issue of income
bonds.
(V. 32, p. 147, 336, 467, 569, 579, 641.)
St. Louis Hannibal d Keokuk— From Hannibal,
Mo., to Keokuk. This
is a new road under construction. To be
completed to Wentzville (St. L.
W. A P. RR.) by Sept. 1, 1881. The bonds were offered in New
March, 1880, at $12,000 per mile.
York,
(V. 29,
p.
539, 608.)
St. Louis Keokuk d Northwestern— Keokuk, la., to St. Peters, 135
The Mississippi Valley & Western Railroad was sold
miles.
1875, and this company organized July 1, 1875.
April 14,
Road completed in
above were originally a part of
$2,750,000 first mortgage bonds, but by agreement they were, changed
into their present form. Gross
earnings year ending Oct. 31, 1880,
$414,597; net, $46,047. (V. 33, p. 256.)
Autumn
of
1879.
Income
bonds
St. Louis d San Francisco.—Dec. 31, 1880, owned from Pacific to
Seneca (main), 292 miles; branches—Granby braucli,
2 miles; Orongo,
Mo., to Joplin, 12 miles; Joplin to Girard, 37 miles; Carbon Branch, 4
miles; Peirce City to Oswego, Kan., 73 miles; total owned, 420 miles;
controlled—Oswego to Wichita, 145 miles; Plymouth to State
Line, 32 miles; State Line to Fayetteville, Ark., 38 miles; Seneca to
Vinita, I. T., 34 miles; total leased and controlled, 249 miles; total
operated Dec. 31, 1880, 669 miles. This company was organized Sept.
20,1876, as successor to the Atlantic & Pacific Railroad. The latter was
chartered by act of Congress July 27. 1866, and embraced the South
Pacific Railroad (originally the Southwest Branch of the Pacific Railroad
of Missouri), which was consolidated with the Atlantic A Pacific road
October 25, 1870.
The South Pacific Railroad had a grant of lands
by act of Congress June 10, 1852, of 1,161,205 acres. The Atlantic &
Pacific received about 500,000 acres of land.
The South Pacific lands
showed 581,009 acres on hand January 1,1881. Atlantic & Pacific lands
showed 293,282 acres ou hand at samp date, and for these lands (A. A P.)
the second mortgage bonds, class B, are receivable in payment.
Tho
interest on bonds “B” and “C” is 4 for 1882, 5 for 1883 and 6 after¬
ward. The trust bonds of 1880 are secured by
deposit of 7 per cent
mortgage bonds of the St. Louis Arkansas A Texas RR. and Joplin RR.
The general mortgage of 1881 for
$30,000,000 is made to the United
States Trust Company as trustee, and enough reserved
to take up all
prior debt. First preferred stock has prior right to 7 per cent (nonleased and
RAILROAD STOCKS AND
1881.]
December,
confer a great ffevor
Sub«criber* will
first pag1
Miles
of tables.
(Continuedi—
gold, (land grant).
St. Louis <* San Francisco 1st mortgage (South Pacific),
2d mortgage
bonds, A
293
•
Equipment mortgage, gold
Mortgage on Mo. A Western RR.,
St. Louis Texas cC Gulf— 1st
Income land grant bonds
....
....
Common stock
1st mort. bonds, coup, or
St. Paul Minneapolis <t‘
All
or rcg
mortgage
2d naort.) sink, fund ($1,000,000 guar.)
St. Paul & Duluth— Preferred 7 per cent
stock
reg
Manitooa—Stock
1875-609
mort.
Paul to Watab
land grant sinking fund, gold
2d mort., gold
Dak. Ext., 1st mort.,
gold ($12,000 per
mils)
Sandusky Mansfield <£ Newark—Re-organized
1st mortgage, new
San Francisco & North Pacific—Stock
Savannah <& Charleston—Stock
by S. C
Funded int. bonds, S. & C. RR., guar, by 8. Car...
1st mortgage. Savannah A Charleston RR
Savannah Florida <£ Wes/.—Consolidated 1st mort.
Southern Georgia A Florida, 1st mortgage
do
2d mortgage
do
Savannah Griffin d N. Ala.—1st mortgage
Schenectady & Duanesburt7—1st M.» guar. D. A H;.
$500Ac.
$7,144,500
1876
1876
1876
1880
1879
1880
1879
1881
100 Ac.
500 Ac.
500 &c.
2,766,500
....
101
286
58
58
63
14^
1,000
1,000
2,600,000
1,000
1,000
1.000
....
.
.
.
.
.
1,000
1881
100
....
1862
1862
1879
1879
1880
1.000
120,000
1,000
366,000
1,000
1,000
50
....
1,000
....
....
500
100 Ac.
500
500 Ac.
1869
1,000
1,000
1869
1871
1874
500,000
with subscribers
to fur¬
of bonds
of 1881 (V. 32,
p. 6S6) showed a balance of $233,662 over all expenses, including
interest.
The annual report for 1880 (Chronicle, V. 32, p. 286) had the follow¬
with interest, but leaving
income bond for $500 costing nothing. Each company agrees
nish one-half of this amount, and in addition to its share
receives also a bonus in stock.
The statement of income account for first six months
INCOME ACCOUNT FOR
1880.
To
To
To
To
By total gross
Less
39,141
101,254
$1,108,867
Balance, surplus
.
earnings
operating expenses,
Total net
improvements and taxes
earnings
By mileage—leased
By interest
By improvement..'
lines
$289,973
$2,698,370
1,325,128
$1,373,242
13,568
11,252
776
$1,398,840
437,686; V. 33, p. 528.)
St. Louis Texas <6 Gulf— Proposed line from Marshall to Sabine Pass
and Galveston, Texas. Bonds offered in London in September, 18s 1,
purchasers receiving with each $1,000 bond a $1,000 income bond and
-(V. 31, p. 511; V.
$500 in stock.
32, p. 17, 44, 286,
(V. 33, p. 218.)
5 S’
Stocks—Last
Dividend
July, 1888
J. N. Y., Company’s Office
Nov. 1. 1906
do
do
N.
Nov. 1, 1906
do
do
N.
Nov. 1. 1906
do
do
N.
June 1, 1895
do
do
D.
do
do
Aug. 1. 1919
A.
1920
do
do
J.
M.
M.
M.
J.
F.
A
A
A
A
A
A
J.
A J.
6
6
pal,When Due-
do
do
do
do
1919
July 1, 1931
6
7
7
10 8.
.
5
J. A J. N.
M. A N.
Y., Thir d Nat, Bank.
do
do
Nov.
---T
New fork.
F. A A.
N.Y.,
3
7
6
7
7
7
7
7
7
6
M. A
M. A
J. A
J. A
M. A
M. A
J. A
M. A
2
14, 1881
Aug. 1, 1931
1, 1881
J.S.KennedyA Co. Aug.1881
do
do
M. A S.
do
do
J. A J.
J. A J. New York and London.
do
do
A. A O.
New York Agency.
M. A N.
1 st N. Bk., Sandusky, O.
J. A J. N. Y.. Union Trust Co.
8
7
7 g.
6 g.
9 S-
Jau. 1. 1897
May 1, 1898
1892
1909
Oct. 1, 1909
Nov. 1, 1910
Oct. 1, 1875
July, 1902
S. Charleston, 1st Nat. Bk. ]
Sept. 1, 1899
New York.
Jan. 1. 1889
do
J.
July, 1897
J.
May 1, 1899
N. Y., II. B. Plant.
N.
May 1, 1899
do
do
N.
J. Savannah, Cent. RR.Bk July 1, 1891
8. Del. A Hud. Canal Co. Sept. 1. 1924
S.
reorganized June 27th.
payment for lands at par. Three
share of preferred has
from “ income from
receive 6 per oent;
of pref. stock. The
on‘improvements in 1881, it
preferred stock to the pre¬
Nov. 14, to repres¬
has a land grant,
The
1880 gross earnings
net earnings, $93,182. (V. 29, p. 68. 118.436; V. 30,
V, 32, p. 419, 469, 686; V. 33, p. 155, 329, 359, 386,
and road sold in foreclosure May 1,1877, and
The preferred stock is
in
shares of common stock have one vote, and each
one vote.
Pref. stock has a prior right to 7 per cent
all sources, including land sales;” then common to
then remainder of income to be applied to purclmse
net income since 1878 haviug been spent
was determined to issue 10 per cent of new
ferred stockholders of record Nov. 1, 1881, payable
ent the cash so spent in improvements.
company
of which about 1,276,000 acres remain unsold. In
received
$668,777;
58. 264, 545 ;
491.)
were
p.
30, 1881, owned from St.
393 miles; Minneap¬
Opata, 38 miles; Morris
Durbin, 48 miles; Barnes¬
75 miles; total, 861
of the St. Paul & Pacific RR.,
St. Paul Minneapolis <£- Manitoba.—June
Paul to St. Vincent and Northwest boundary,
olis to Barnesville, 237 miles; Crookston to
to Brown’s Valiev, 47 miles; Brec.kenridge to
ville to Moorhead, 23 miles; Grand Fork to Fargo,
miles. This company was organized out
the First Division of the St. Paul A Pacific
Railroad, the Red River
took
named, which
above
named, $466,000, is all that remains of the old bonds, and the new
land-grant mortgage is practically a first lien on the whole property at
$12,000 per mile. The proceeds of land sales are reserved by the first
mortgage trustees as a sinking fund for the redemption of the bonds at
under 105 and interest. The second mortgage bonds do not cover
the land. The company was organized May 23, 1879, under the charter
of the St. Paul A Pacific Railroad. The Dakota Extension bonds are
issued at $12,000 per mile.
Annual report for the year ending June 30, 1831, in V. 33, p.254.
Gross earnings, $3,700,851, against $2,933,108 in 1879-80; net earn¬
ings, $1,845,168, against $1,546,037 in 1879-80 (V. 31, p. 21, 96, 153,
248, 281, 430; V. 32, p. 123, 336 ; V. 33, p. 254, 470.)
Sandusky Mansfield c€ Newark.—Line of road, Sandusky, O., to New¬
ark, O., 116 miles. A consolidation of several roads in 1856. Leased
February 13, 1869, to Central Ohio Railroad, guaranteed by Baltimore
& Ohio, and new lease made February 23,1880, extending to December
1,1926, with option to the Balt. & Ohio Company to renew for terms
of 20 years each. Rental is $194,350 yearly till 1884; then $199,350
for 1884 and 1885; then $201,850 annually.
It is operated as Lake
Erie division of the Baltimore A Ohio system.
In 1878-79 the gross
earnings were $639,821, and net earnings, $189,114; in 1879-80 gross
earnings, $847,221; net, $208,853. (Vol. 29, p. 535 ; V. 30, p. 544.)
San Francisco <£• North Pacific.—Dec. 31,1880, owned from Donahue,
Cal., to Cloverdale, Cal., 56 miles; branches—from Fulton, Cal., to
Guemeville, Cal., 16 miles; and San Rafael to Petaluma, 20 miles;
total, 92 miles. This is a consolidation of several companies. In 1880
gross earnings were $362,179 and net earnings $157,167.
Charleston.—Savannah, Ga., to Charleston, S. C., 106
Savannah
miles; Ashley River branches, 5 miles; total, 111 miles.
Formerly the
Charleston A Savannah Railroad; reorganized in 1876 under present
Defaulted September, 1873, and
name, and opened March. 1870.
then operated by a Receiver.
Sold in foreclosure June 7, 1880. for
$300,000, and turned over by C. P. Mitchell, Receiver, to the new com¬
pany, called 4Jie Charleston & Savannah Railroad. (V. 30, p. 625; V.
Valley RR., and the Red River A Manitoba RR. The company
2,000,000, acres of land as successor to the roads above
were foreclosed.
The small amount,of the two mortgages first
or
$705,949
157,500
105,021
interest
dividend No. 1, first preferred stock
amount due leased lines
sundry expenses, salaries, Ac
interest accrued but not due on bonds
1,666.000
1,000
an
To bonded
111,800
500,000
100 Ac.
—are
ing income account:
505,000
464,000
200,000
500,000
as
*
1,000,000
....
....
1853
1868
1869
1867
entitled
and 1st pref. also
the creation of
with the
line to the
Pacific coast on the parallel from Albuquerque, on the Rio Grande,
to San Francisco.
The road is to cost $25,000,000, and to be known
the Atlantic A Pacific Railway. Three trustees—John A. Stewart,
of the U. S. Trust Company, Warren Sawyer and II. P. Kidder, of Boston
appointed to hold the stock in trust. The voting power is to be
vested in six directors of each road. The old companies are to preserve
their separate organizations, and the gains of traffic on the extension are
to be divided in equal proportions. The twro companies divide the issue of
bonds ($25,000,000). The cost of the first division will be about $12,500,000. Stockholders in the Atch. A Santa Fe and St, L. A S. F. companies
will have the right to subscribe for a G per cent bond at par, receiving
therewith a $750 6 per cent income bond. The Atlantic & Pacific Com¬
pany will reserve the right to take from subscribers, before 40 per cent
of the subscription has been paid, the first mortgage bond, paying back
subscriptions advanced
7,221,700
8,000,000
2,400,000
1,072,000
2,300.000
3,750,000
100 Ac.
1869
6 «.
6 g.
3 Ac. g.
3 Ac. g.
7 g.
6 g.
4,705,606
4,055,407
1,000,000
15,000,000
.
cumulative); then pref. entitled to 7 per cent; then common
to 7; then all classes share in any surplus.
The pref.
take precedence of any mortgages made subsequent to
said stocks.
On January 31, 1880, an agreement was entered into
Atchison Topeka & Santa Fe for construction of a through
the
639.000
1,100,000
1,350,000
2,000,000
0)
200,000
2,500,000
2,500,000
1,899,000
....
.
2,400,000
....
1867
1868
.
500,000
1,000
1,000
1,000
•
....
116
116
94
111
101
•
•
•
....
C. & S.„ guar,
1868
....
656
stock
and by
....
158
158
169
169
169
861
10
76
656
1st mortgage, St. Paul to St.A.
2d M., and 1st on road from St.
1st
•
84
gold
Trust bonds
St. Louis Wichita A Western
Gen. mort., gold ($30,000,000), coup,
Joplin RR. bonds
*
•
•
B, gold...
C, gold
do
do
do
do
of any error discovered In tbese Tables.
Bonds—Prlii cl
INTEREST OR DIVIDENDS.
Date Size, or
Amount
When Where Payable,
Rate per
Par
of
of
Outstanding
Whom.
Cent.
Payable
Road. Bonds Value.
DE8CRI I'TION.
on
by giving Immediate notice
li
BONDS
31, 1880, owned from
miles. Road opened July 1,
Indianapolis Railroad at a rental
For the
ending October 31, 1880, 31, p. 230.)
year’s charges against this sum
Savannah Florida <t Western—Savannah, Ga., to Bainbridge, Ga., 217
were $346,984; leaving a surplus for the fiscal year of
$118,935, miles;
branches: to Live Oak, Fla., 49 miles; to East Albany, Ga., 58
which was applied to the repayment of advances heretofore made to
miles; other, 3 miles; total operated, 350 miles. This was a consolida*
this company by the lessee, leaving the balance to debit of profit and
tion in 1865 of the Savannah Albany & Gulf Railroad and the Atlantic
loss, October 31,1880, $201,798. The annual report for 1879-80 was A Gulf under the latter name. The Atlantic A Gulf road was sold in
published in the Chronicle, V. 32, p. 120. The first mortgage and foreclosure of the second mortgage on November 4, 1879, subject to the
$1,000,000 of second mortgage bonds are guaranteed by the lessees and consolidated mortgage and other prior liens amounting to about
also by the Pitts, Cin. A St. Louis Railroad and the Col. Chic. A I. C. Co.
The stock is $2,383,315 common and $1,544,700 preferred. The pre¬ $2,705,000. The old sectional mortgages yet out amount to about
ferred was issued for income bonds ($1,000,000) and for deficiencies $335,000. The present company lias been organized Avith a capital
stock of $2,000,000, and a dividend of 7 per cent was declared out of
made up by the lessees.
Thos. D. Messier, President, Pittsburg, Pa. the earnings of 1880. The only report of earnings made for several
Operations and earnings for five years past were as follows:
years was that published for 1880 in V. 33, p. 200, showing net earn¬
Gross
Net
Freight
igt (ton)
Passenger
Earnings.
Earnings. ings of $365,080. (V. 33, p. 200.)
Mileage.
Mileage.
Years.
Miles.
$247,393
45,972,258 $1,062,075
Savannah Griffin 6 North ilabama — Oct., 1881, owned from Griffin,
16,180,710
..158
1,052,208
207,067 Ga., to Carrollton, Ga., 63 miles. Operated in connection with Central
50,618,136
14,827,425
..158
1,054,627
158,685 Railroad of Georgia. Capital stock, $1,010,900. In 1879-80 gross earn¬
58,722,821
13,092,370
..158
1,244,643
294,272 ings were $58,860, and net earnings, $20,693; in 1880-81 gross, $79,113;
16,424,189
12,974,971
..158
1,552,801
446,018 net, $14,985. (V. 33, p. 559.)
96,544,226
17,309.919
158
-(V. 28, p. 19; V. 30. p. 116; Y. 32, p. 71, 120, 289; V. 33, p. 357.)
Schenectady & Duanesburg.—From Quaker Street Junction, N. Y., to
Schenectady, N. Y., 14 miles. Formerly Schenectady A Susquehanna
St. Paul <& Duluth.—Line of road, 8t. Paul, Minn., to Duluth, Minn., 156 Railroad, and was foreclosed in 1873; reorganized and leased in per¬
miles; Stillwater A St. Paul Railroad (leased), 13 miles; total, 169 miles. petuity to the Delaware A Hudson Canal Company.
Lease rental,
This was the Lake Superior A Mississippi Railroad, opened August 1, $30,000 per year, paying 6 per cent on bonds. Stock, $100,500.
1870, and leased to the Northern Pacific. Default made January 1,1875,
SI. Louis Yandalia <& Terre Haute— October
East St. Louis to Indiana State line, 158
1870. It is leased to the Terre Haute &
of 30 per cent of, gross earnings.
year
the total income was $465,920, and the
..
lii
RAILROAD STOCKS
8n¥Mrib«rf will eoaftr
a
AND
BONDS.
g;r«at favor by flavins immediate notice of any error discovered in
these Tdbles.
DESCRIPTION.
Milea Date Size, or
For explanation of column headings, Ac., see notes
of
of
1 .Par
on first page of tables.
Road. Bonds Value.
11
Outstanding
f> Consol, mortgage
Seaboard <£• Roanoke—Stock
Shamokin Valley <£- Pottsville—Stock
1st mortgage, gold, on road and lands
Shenandoah Valley— 1st rnort. ($15,000 per mile)..
2d mortgage, income ($10,000 per mile)
General rnort., gold ($25,000 per mile)
Shenango <£• Alleghany— 1st mortgage....
Shore Line (Conn.)—Stock
1st mortgage
$50
98
1876
500 Ac.
98
130
80
28
28
140
140
140
32
50
1879
1,000
1880
i871
242
242
1st mortgage, aollar bonds (I.)
2d mortgage (for $3,000,000)
Domestic bonds (I)
Domestic bonds (K)
1st consol, mortgage, gold (for $5,000,000)
So. d No. Alabama— 1st M., endorsed
by Alabama.
Sterling rnort., s. fund, guar, by L. & N
South Pacific Coast -Stock
Southern Central (N. 1lsr mortgage
2d rnort. gold ($400,000 end. by Lehigh V. RE.).
1st mortgage interest bonds
2d mortgage interest bonds
Southern Iowa & Cedar Rapids— 1st rnort.,
gold
Southern Maryland—1st mortgage, gold
Southern Pac.'of Arizona— 1st rnort.,
gold,ep. or reg.
South. Pac.(Cal.)—lnt
1880
1880
1881
1869
is 80
1868
102
102
25
1868
1868
1872
1866
1868
1881
183
183
81
114
114
114
114
87
m
m
384
712
15
coup, or reg..
167
Valley.—Columbus, O., to Ohio River, 130 miles.
Stock is $2,500,000. Enough of the
100
lOOOAc.
500&C.
500 Ac.
100
100
Various
500
Shamokin
miles.
The road
was
branch to
$1,000
1872
1877
1877
1870
lOOOAc.
210 Ac.
210 Ac.
1,000,000
1,500,000
600,000
7 ■*
7 g.
1,000
1,000
1,000
road, Snnhury, Pa., to Mount
Lancaster
Colliery, 4 miles; total, 31
road, 8henango, Pa., to Brady’s Bend,
Chartered as New Haven & New London
Railroad; sold in foreclosure
and reorganized under present title June
29, 1864. Dividends 3 4 in
Jan. and 4 in July. Operations and
earnings for five years past
Miles.
1875-6..
1876-7..
1877-8..
....
....
....
1878-9.,
....
p.
Mileage.
9,684,933
8,213,330
7,870,049
Freight (ton) Gross
Mileage.
Earnings.
1,473,634 $379,571
1,265,575
342,374
1,363,500
7,212,083
were
Net
Div.
Earnings.
$108,083
p. 0.
317,978
1,426,229
299,086
8,782,782
1,918,831
349,111
40; V. 31, p. 509; V. 32, p. 559.)
....
1879-80
—(V. 28,
50
50
50
50
50
'
49,869
101,539
143,171
154,436
7h
8
8
8
7*a
Sioux City & Pacific — Line of road from Sioux
City, la., to Fremont,
Neb., 107 miles; leased—Fremont Elkhom & Missouri
Valley Railroad.
110 miles; total line
217
operated,
miles. This was one of the subsidized
first mortgage bonds has not been
fully
earned, and the United States Auditor of Railroad Accounts
reports no
net earnings subject to the
payment of 5 per cent to the United States.
For the year ending Dec. 31,
1879, the gross earnings were $470,590
and net earnings, $137,626. The
capital stock is
Pacific roads, but the interest
on
$2,068,400, of
which
i169,000
receiving
a dividend
of 7 per cen per annum.
owned by
majorityis ispreferred,
Cedar Rapids
& Missouri Railroad
Oliver Ames, President, North
Easton, Mass.
p. 46, 68, 484; V. 32. p. 232.)
31,
(V. 27,
p. 96.
Company.
253. 374:
Somerset —West Waterville, Me., to
Anson, Me., 25 miles.
sion of 7 miles to Solon
».
An exten¬
proposed. Capital stock, $377,573. Gross
earnings, 1879-80, $20,098, net, $3,580; 1881,
gress, $23,788; net,
South Carolina
—
Charleston to
Hamburg, 8. C., 137 miles; branches to
to Camden, 38 miles: total main
lino and
A receiver took
possession in
September,
2d
mortgage
Columbia, 68 miles, and
branches,
243 miles.
at the suit of
bondholders; a large part ot
mortgage was hypothecated at 50 cents on the
dollar to
secure floating debt.
A plan of reorganization to save
foreclosure was
made in 1S80. Iu
January, 1881, the committee made essential modi¬
fications of the plan (see V. 32, p.
123).
The sale was made
July 25. 1881, and the road purchased
by W. H.
Brawley for the committee, for $1,275,000 over the first
mortgage debt.
The last annual report was in the
Chronicle,
V. 32, p. 39 b Large
amounts have been expended out of the
earnings for improvements, and
in 1880 about $275,000 were so
spent fur steel rails and equipment.
Earnings for five years past were as follows:
1877,
this
391,000
500 Ac.
Shore Line (Conn.)—Line of road, New
Haven, Conn., to New London,
Conn., 50 miles. Leased to New York and New naven
Railroad Com¬
pany in perpetuity November 1, 1870, at $100,000 net
per annum.
Years.
63.500
1875
1880
1881
operation, Shenango to Hilliard, Pa., 46 miles. The
road was leased to the Atlantic & Great
Western, and “ rental trust ”
bonds were issued.
The company made default in
1879, but tin
October coupons were paid Feb. 21, 1S80.
(V. 29, p. 403.)
Passenger
1,067,500
’79-’80
Shenandoah Valley.—This road is completed from
follows:
1,482,666
1869
Hagerstown, Md.,
to Waynesboro, Va., 142 miles. The
company proposes to extend south¬
ward from Waynesboro to a connection
with the Norfolk A Western
road. The general mortgage of 1881 is at $25,090
per mile to retire the
two prior mortgages and to construct new road. The
stock is $1,4.58,7©0.
William Milnes is President,
Philadelphia. (Y. 32, p. 42‘2, 469:
Y. 33, p. 48, 357.)
as
°
5,075,040
Roberts, President, Philadelphia.
Shenango d Alleghany—Line of
1
6
£200
a
Pa., 95 miles; in
£T.
5,819,275
JUS
4J-2
1873
February 27, 1863, to the Northern Central
guarantee of interest on the bonds and G
per
cent per annum on the stock. The
yearly reports will be found in the
Chronicle with the reports of the Northern Central
Railroad. Geo. B
Railway Company, with
6
7
.
575,050
rj
1
42,000
1,500.000
500;000
9,604,000
28,872,000
250,000
4,180,000
7
7
6
6
6
5
6
Years.
g.
Payable, and by
Whom.
Philadelphia, Office.
N.Y., Winslow, L. A Co.
do
pal.Whon Due.
Stocks—Last
Dividend.
July 13, 1881
Jan.
do
do
1, 1896
April 1, 1894
do
July 1, 1910
A N. Phil./fownsend.W.ACo* Nov.
1, 1881
A A. Philadelphia,Treasurer.
Aug., 18S1
A J.
do
do
July, 1901
N..Y., Clark, Post A M. Jan. 1, 19Q9
O. Philadelphia ami N. Y.
O. N. Y., N.~Bk. of Com’rce.
J.
J.
J.
A.
J.
A.
J.
M.
g.
gg.
F.
M.
F.
M.
M.
g.
g.
Bonds—Princi-
A. A
A. A
J. A
M. A
J. A
J. A
J. A
A.
g.
g.g-
Where
....
6 g.
7
2,300,000
(V. 33, p. 559.)
leased
1,400,000
(0
874,500
1,000,000
200,000
1,628.000
1,628,020
450,000
1870
500
Valley d Pottsville—lAne of
Carmel, Pa., 27 miles;
M.
F.
J.
3
7 g.
7
1.051.500
1,206,500
-
100
Seaboard d Roanoke.—I Ana of road, Portsmouth, Vn., to
Weldon, N. C..
Road opened 1851. The
company has paid dividends for a
number of years. Of the stock, $1,057,100
is common, $200,000 is 1st
7 per cent guar., and $14,200 is 2d
guar.
Net earnings 1879-80,
$236,452; 1880-81, $232,495.
■4
1,000
1,000
...
80 miles.
.
J. A J.
J. A J.
A. A O.
J. A J.
5
6
7
7
6
6
«
6
mortgage is reserved to take up the first and second mortgage bonds.
—(V. 27, p. 653; V. 28, p. 525 ; V. 31, p. 88, 445; Y. 33, p. 93, 102.)
«
2 82
7
7
7
2,1(H),600
1,000
Road opened
consolidated
January, 1878.
Payable
603,000
1,301,300
869,450
2,000,000
m
500 Ac.
old road, and was leased to the Phila¬
delphia & Reading Railroad from September 1,1861, at an annual rental
of 5 per cent on the stock. Operations are included iu the
Philadelphia
<k Reading reports.
Scioto
Cent.
177,000
....
Schuylkill Valley.—Port Carbon to Reevesdale, Pa., 11 miles; branches,
10 miles; total, 21 miles. It is an
m
When
$576,050
.
mort.,gold.landgr.,cp.orreg.
Rate per
1,294,000
100
50
500 Ac.
1871
.
50
Sioux City & Pacific—1st mortgage
2d mortgage (Government subsidy)
Somerset—1st mortgage, gold
South Carolina—Stock
1st mortgage, sterling loan
m
INTEREST OR DIVIDENDS.
Amount
6781
Schuylkill Valley—Stock
Scioto Valley— 1st rnort. (s. fund $13,000 per year).
2d mortgage (sinking fund, $5,000 per year)
Monterey, 1st mortgage
Southern Pacific of N. Mexico—Mort.,
fVOL. XXXIII.
A
A
A
A
A
A
A
A
J. N. H„ Nat. N. II. Bank.
S.
do
do
J N. Y..Nat. Park Bank.
J. U.S. Treas., at
maturity
J.
April 1, 1921
April 1, 1889
5, 1882
March, 1910
Jan. l, 1898
Jan. 1, 1898
Jan.
July, 1891
May, 1871
London.
1878 to ’88
J. N. Y., Nat. Citv Bank.
1878 to ’88
O.
do
do
Oct. 1, 1902
O.
Charleston.
April, 1891
J. N. Y., Nat. City Bank.
1880 and 1892
O.
New York Agency.
Oct. 1, 1920
J. N. Y., Drexel, M. A Co.
Jan. 1, 189Q
N. London,
,
Baring Bros.
A A.
N. Y., Nat.
A S.
A A.
A S.
A N.
do
do
City Bank.
do
do
do
do
.
1903
Aug. 1,
Mar. 1,
Aug. 1,
Sept. 1,
May 1,
1899
1882
1887
1887
1900
....
J.
A.
A.
J.
..
A J.
A O. N.
A O.
A J. N.
New York City.
Mar., 1909-10
Y., C. P. Huntington. April 1, 1905
do
do
April 1, 1900
Y., Company’s Office Jam 1, 1911
Miles.
243
243
243
243
Gross
Earnings.
NctEarn’gs.
$1,126,437
'
$478,684
1,020,664
426,910
1,011,861
371,631
1,052,023
337,745
1,217,756
341,962
-(V. 29, p. 632; V. 30, p. 43. 358,409,'494. 517,
568; V. 31. p. 153, 306,
359, 536; V. 32, p. 123, 394, 420, 544, 579; V. 33.
p. 125, 589, 623.)
r879
1880
South d North Alabama—Decatur.
Ala., to Montgomery. Ala., 183
a branch of 7 miles from Elmore to
Wetumpka. The road is
controlled by the Louisville & Nashville Railroad
Co., which
majority of the stock and the whole of a 2d mort. bond issue of owns a
miles, with
$2,000,000, due 1910, which are pledged with the Union Trust
Company as
security for the L. A N. bonds, dated June 1, 1880.
500,000 acres
of land in Alabama,
largely mineral, nave been transferred to the
Louisville A Nashville Co. Common
stock, $1,461,767; preferred stock,
In 1878-9 gross earnings were
$873,196; operating ex¬
penses, $558,610; net, $314,586; deficit to Louisv. & N.
Co., $100,285.
$2,000,000.
South Pacific Coast—Dec.
31,1880, owned from Dumbarton Point to
Junction (Felton), Cal,, 50 miles;
leased-Alameda Point to Newark,
24 miles; Felton to Santa Cruz, 7
miles; total, 81 miles. There are no
bonds but unfunded debt of $1,870,286.
Gross earnings 1880, $386,469; operating expenses, $477,493; deficit,
$91,023. A. G. Davis,
President, San Francisco.
Southern
Central (N. T.)— Sept. 30,1880, owned from
Fairhaven, N.Y.,
to Pennsylvania State Liue, 114 miles. Road
forms an extension into
New York State for Lehigh
Valley Railroad, which company endorses
$400,000 of second mortgage bonds. Capital stock
paid iu is $1,790,234.
Gross earnings in 1877-8,
$462,906; operating expenses and taxes,
$320,056; net earnings, $142,850.
In 1878-9 gross earnings were
$419,942; net, $102,272; 1879-80, gross, $155,467;
net, $149,237. (V.
28, p. 351; V. 29, p. 629.)
Southern
Southern
IowadCcd.Rapids—In
progress. Ottumwa to Ced. R., Iowa.
Maryland.—The Southern Maryland Railroad is designed to
extend from Point Lookout,
at the mouth of the Potomac River, to
Washington, where it will make connection with the Baltimore
A Poto¬
mac Branch of the
Pennsylvania Road, and with the Washington &
Metropolitan Branch of the Baltimore & Ohio Road. The
length will bo
77 miles. J. H. Linville, President,
Philadelphia,
Southern Pacific of Arizona.—This is the
connecting line of the South'
ern Pacific of California,
extending from Yuma to New Mexico boundary.
383 miles. The stock is
$19,950,000.
Southern Pacific of California. — Road in
operation April, 1881:
Northern Division—San Francisco,
Cal., te Solodad, 143 miles; Carnadero to Tres Pinos, 18 miles; to
Monterey
(leased), 15 miles; total, 176
miles; Southern Division—Huron to Los
Angeles, 280 miles; Los Angeles
to Yuma, 249 miles: Los
Angeles to Wilmington, 22 miles;
551
miles; total Southern Pacific, in Cal.,712 miles. At Goshen thetotal,
Southern
Division meets the San Joaquin Branch of the
Central Pacific, by which
it reaches Sau Francisco and the main
line of Central Pacific. The pro¬
jected lines are Soledad to Lerdo Junction, 160miles, and
Mojave Junct.
to Colorado River, 278 miles. The
Southern Pacific forms part of a
through line to El Paso, and there will meet the Texas Pacific. At its
terminus at Yuma it connects with the South.
Pac. RR.of
dependent but closely affiliated company, some 385 miles,Arizona,an in¬
to ajunotiou
with the New Mex. Div. of 171 miles
more to El Paso. A junction with
the Atchison Topeka A Santa Fe,
thus forming a new route to the Pacific
coast, was made March 17, 1881. The bonds above are in series
A, B, C.
andD, of which A includes $15,000,000 and B, C and D each
$5,000,000;
there are also three other series, E and F of
$5,000,000 each, and G of
$6,000,000; these latter are to be issued for new construction. Land
grant is 12,830 acres per mile, and proceeds of sales
go to pav bonds.
The total grant is estimated at
11,000,000 acres, of whioh 7,000,000
pertain to road now built. Besides these sales a
sinking fund of
$100,000 per annum goes into operation in 1882.
Stock paid in is
$36,763,900. The Central Pacific Railroad Company has taken a lease
of the southern division of this road
for a period of not less than five
years from January, 1880, and by the terms of the lease “if a railroad
is not completed iu five
years from that date, so that there is a connec¬
tion of the Southern Pacific Railroad of
California with the Eastern sys¬
tem of railroads on what is known as
the thirty-second parallel line, the
lease shall bo extended until such connection is
made, provided such
extension does not exceed five
years longer, or ten
in all," from
January, 1880. By the terms of the lease, the netyears
rental is $250 a
month, or $3,000 a year per mile, and if it shall be reduced
by mutual
consent, the rental shall be at least sufficient to
pay interest on bonds.
In 1880 the net earnings were
$442,765 ou northern division and
$1,675,248 rental on southern division ; total,
$2,118,014, out of which
were
paid $1,762,140 for inteiert and rental, leaving a surplus
of $355,The Monterey road (leased) has a
capital of $250,000. (V. 31, p.
154. 196, 248, 359, 4.28, 430, 454, 560, 673 ; V.
32, p. 99, 101, 182, 336,
420, 569, 628, 635,660; V. 33, p. 23, 75, 202, 502, 561. 623.)
Southern Pacific of New Mexico.—Road extends
from Arizona State
Liue to the Rio Grande at El
Paso, Texas.
874.
Pbcbnber,
SabMiiben will eonftr a
great favor by giving
explanation of column headings, &c., see
on
first page
of tables.
notes
Southern Pennsylvania—1st mortgage, gold
Southwestern (Ga.)—Stock, guarant’d7 per annum
;
Southwest Pennsylvania—Stock
1st mortgage
Spuyten Duyvil dk Port Morris—Stock
State Line & Sullivan—1st M., conv. (red’blcaft.’SS)
Staten Island—1st mortgage
Sterling Mountain (AM'.)—1st mort.. income, guar.
Stockton A Copperopolis—1st mort.,
Summit Brandi (Pa.)—Stock
mortgage bonds
Suspension Bridge & Erie
(guar, by C. P.)
1st
1st mortgage
Syracuse
Junction—Stock
Binghampton & X. Y.—Stock
2d mortgage (row
first)
Consol, mortgage (guar. D. L. A
Immediate notice of any error discovered
In these Tables,
Rond*—Princi¬
INTEREST OR DIVIDENDS
DESCRIPTION.
For
Rii
RAILROAD STOCKS AND BONDS.
1881.1
W.)
Syracuse Chenango & New York—Funded debt
Syracuse Geneva & Corning—1st mortgage
Tehuantepec Intcrocean—1st mort. (for $(>,000,000)
Terre Haute & Indianapolis—Stock
Bonds or 1873
Terre Haute & Logans port.—Stock
1st mortgage, guar, by Terre Haute & Ind’napolis
Texas Central—1st mortgage, gold
Texas-Mexican—1st mortgage, gold ($15,000 p. m.).
Texas db X. Orleans of ’74—1st mortg. land gr., coup
Texas db Pacific—St-oek
1st mortgage, gold, eoup.
(E. Div.)
consol., gold, coup. (E. Div.)
2d mort.,
Income and land mort., reg
Lana scrip for int.on ine.mort. (con v.into st’k or I’d)
let mort., gold, land grant, Rio Grande Division.
New Orleans Pacific, 1st mortgage, bind graut
Texas db St. Louis—First mortgage, gold
Income bonds, 1st mort. on land and 2d on road.
Texas Trunk— 1st mort. land grant gold
Date Size, or
Par
of
Road. Bonds Value.
Miles
of
24
257
42
....
6
29
13
7
45
20
20
23
23
81
81
81
43
57
m
113
....
1877
....
1878
....
....
1870
1875
1867
1876
1877
1875
1831
....
521
526
355
266
190
35
500 &c.
50
500,000
4,010,350
1,000
1.000,000
1,000
500,000
1,000.000
2,500,000
270,000
100
1,000
1.000
50 Ac.
....
1,01)1)
50
1,000
1879
1 *79
1,000
1881
1,000
1,000
1.000
1876-*9<0
1.750,000
261,400
955,600
700,000
1,988,150
1,600.000
500,000
500,000
2,145,000
2,500,000
1,620,000
26,014,000
1875
1875
1875
1880-1
1880
1880
1880
1880
1880
1,000
1,000
1,000
1,000
1,000
1,000
500
1.000
Company.—South Pennsyl
branch from Rich¬
March 1, 1870,
to Cumberland Valley Railroad Company.
Road originally organized
under the name of Southern Pennsylvania Iron A Railroad Company,
but was sold by foreclosure of second mortgage December, 1872, and
reorganized under present name. Capital stock, $800,000.
Smithicest Pennsylvania— Greensburg, Pa., to Olyphant, P., 42 miles.
Opened April 1, 1873, and leased to Pennsylvania Railroad, which oper¬
ates it at cost, paying net earnings as rental.
In 1878 gross earnings
were $338,707, and net earnings $183,409.
Interest on bonds and 7 per
Southern Pennsylvania Railway & Mining
vania Jiuiction to Richmond, Pa., 21 miles, with a
mond to Ore Banks, 2 miles. Leased for 199 years from
989,000
200,000
300,000
476,000
....
1,000
.....
962,000
100 Ac.
....
1874
546,150
*
1,000
1881
1875
1875
521
$625,000
3,892,300
100
50
1,325
'524
Outstanding
$....
....
1873
93
143
Amount
4,050,000
9,050,000
8,202,000
2,127,000
12.500,000
7,100,000
2,128,000
2,128,000
140,000
Rate pet
Cent.
When
M. & 8.
3^
J.
3
7
4
7
7
7
5
3
7
Whom.
Payable
7 g.
pal,When Due.
j Where Payable, and by
& D. Savannah,Ceut.RR. Ga.
Stocks— Last
Dividend.
Mar. 1, 1900
Dec. 20, 1881
(*>
....
F. A A. Phila. and Greensburg.
New York.
J. & J.
J. & J. N. Y., Union Trust Co.
N.Y., Company’s Ofiioc.
....
New York.
Feb.
J. A J.
F. A A.
J. A J.
N
Y., Central Paoiflo.
Phila., 233 So. 4th St.
do
do
Feb., 1917
Jan., 1882
Jan. 1, 1899
July 7. 1895
January. 1905
Feb. 16, 1876
Jan. 1, 1904
rj
J.
7
2
7
7
7
7
7
4
7
J.
J.
A.
F.
&
&
A
A
A
J. N. Y. Lake Eric A West.
1). N.Y., 1) L A W. RR. Co.
do
do
1).
do
do
O.
A. Syracuse Savings Bank.
N.Y.,Fanners’ L.A T.Co.
....
Jnly 1, 1900
Aug., 1831
June, 1887
Oct. 1, 1906
Aug. 1. 1907
Nov. 15, 1905
New York.
N.Y.,Farmers L.A T.Co.
J. A J.
A. A O.
6
7 g.
6 g.
7
do
do
J. A J. N. Y., Farmers’ L. A
New York.
M. A N.
....
....
N.
F. & A.
....
T. Co.
.....
Y., 51. Exchange PI.
Aug. 1, 1881
1893
1910
Nov. 1. 1909
1921
Aug. 1, 1905
j
6 g.
6 g.
7
M. A S.‘ Phila., N. York ALondon March 1, 1905
June 1, 1905
do
do
J. A D.
July. New YorkA Pkilad’pliia Jan. 1, 1915
6
6
6
6
7
F. A A. N.Y., Mercantile Tr. Co
do
do
J. A J.
J. A D. New York and St. Louis.
gg.
g.
....
g.
Boston.
M. A N.
Feb. 1, 1930
July 1, 1920
June 1,
June 1,
1910
1920
May 1. 1910
Terre Haute d> Logansport.—Rond extends from LcgJiruport, Ind., to
Rockville. Formerly Logansport Orawfordsville A Southwestern, whioh
was sold in foreclosure
September 10, 1879, and* reorganized under
present name. Rockville extension of the Evansville A Terre
Railroad, Rockville to Terre Haute, is operated under lease. Leasod toy
Terre Haute & Indianapolis Railroad for 25 per oeut of gross earnings,
and first mortgage bonds guaranteed by that company. Earnings and
rental year ending Oct. 3
1880,$65,657. (V. 29, p. 252, 277,
-■
Haute
459, 564.)
of road from Ross, in McLennan Co., to Cisco, In.
Eastland Co., Texas, 143 miles. Gross earnings on an average of 70
miles in 1880-81, $197,151; net, $127,091. C. A. Whitney, Pres., N. O.
Texas-Mcxican.—W. J. Palmer, President. See V. 33, p. 528.
Texas dk hew Orleans (of 1874).—Houston, Tex., to Orange (Sabine
River), 108 miles. Iii August, 1881, this company acquired the La. &
Texas Central.—Line
paid out of net earnings of 1879.
Morris.—Road is 6 miles in length and connects
the New York Central & Hudson with the New York A Harlem. Leased
to New York Central November 1,1871. Rental is 8 per oent on capital Western from Vermillionvfile. La., to Sabine River, Tex., 106 iuDes.
This was a reorganization, 1874, or the old Texas & Now Orleans KR
stock of $989,000. Operations are included in lessee’s returns.
The stock is $3,000,000, and in July, 1881, this was reported sold to 0.
State Line & Sullivan.—Monroeton, Pa., to Berenice, Pa., 24 miles. P. Huntington, of the Southern Pacifio, at 85. Gross earnings, 1830,
Originally organized as Sullivan & Erie Coal & RR- Co., which was sold in $383,885; net, $176,138. John T. Terry. Pres., N. Y. (V. 33, p775,218.)
foreclosure Oot. 14,1874, and a new company formed December 2,1874,
Texas dk Pacific. —From Marshall to Fort Worth, Tex., 180 m.; Marshall
under the present name.
Stock, $1,000,000 (par $50). The mortgage to Shreveport, La., 40 m.; Marshall to Texarkana Junction, 69 in.;
covers 5,000 acres coal lands.
In 1878 gross earnings were $40,867, Texarkana to Sherman, Texas, 155 miles; total old road 444 miles. Rio
and net earnings, $29,675.
Grande Division. Fort Worth to junction wiGi Southern Paoiflo, about
Staten Island.—Local road on Staten Island, Stapleton to Tottensville, 80 miles south of El Paso, aud 536 miles from Fort Worth. Finished
13 miles. Road was purchased by present owners in 1874, and is Dec., 1881. N. O. A Pac. consolidated therewith, Shreveport to N. O.,
operated in connection with Staten Island Ferry Company. Capital 355 miles.
The Texas A Paoiflo was built under act ot Oongross of March 3,1871,
stock, $210,000. Earnings, 1879-80, $291,656; operating expenses,
and other acts in 1872 to ’74, and the laws of Texas. This oompany suc¬
$220,268 : net, $71,388. Interest, $20,965; surplus, $50,423.
Sterling Mountain (X. T.)—Road runs from Sterling Juno, on the Erie ceeded to the right of the Memphis El Paso A Pacific Railroad and other
Ry. to Lakeville, about 8 miles. Bonds guar, by Sterling Iron & Rail¬ companies. By a contract made in January, 1880, with Paoiflo Railway
Improvement Company, the road is extended to El Paso on the Rio
way Co. (V. 33, p. 359.)
Grande, about 616 miles, to meet the Southern Pacifio of California, at
Stockton di Copperopolis.—Present company is a consolidation, made
$20,000 in bonds and $20,000 in stook per mile or road. The control
November 17,1877, of the Stockton & Copperopolis and the Stockton &
of the Texas Pacific stock was sold by Thoa. A. Scott to Jay Gould. Tho
Visalia. Line of road, Stockton to Oakdale, CaL, with a branch of 12
Fidelity Ins. Trust & 8. D. Co. of Philadelphia are Trustees of tho Rio
miles. Leased to Central Pacifio Railroad Company for thirty years Grande Div. mortga^o. The stock authorized is $50,000,000. A con¬
from December 30.1874. By the terms of the lease the lessee agrees to
solidation with New Orleans Pacific, share for share, was voted in May,
pay principal and interest of the bonds. Capital stock, $234,500. The
From tho State ot Texas the couipanv had received 4,851,702
1881.
eompanv previously made default July, 1874, and the $1,000,000 of acres of land, by building east of Fort Wortn, on which tho inoome
old bonds were exchanged for the present issue guaranteed.
bonds are a lieu, as also a 3d mortgage on the rood east of Fort Worth.
Summit Branch (Pa.)—This company operated the Lvkens Valley There were also 1,000 certificates for 640,000 acres deposited in trust
RR. till July, 1880, and it has a small branch of its own to Summit Mines, for certain foreign claimants. Tho railroad lands in Texas, however, do
% of a mile. Traffic is almost exclusively coaL Gross receipts in 1880, not lie adjacent to the lino of the roads owning them. The land grant
including ooal, $1,028,469; net, $80,994; from Lykens Valley Coal Co., by acts of Congress were 20 sections per mile in California and 40
$48,907; total, $129,902; interest’and taxes, $95,092; balance, $34,809. sections per mile in tho Territories between Texas and California. The
N. O. Pacific has a laud grant of 1,500,000 acres. The acts of Congress
-(V. 33, p. 125.)
iu regard to this road made conditions as to time of construction, Ac.
Suspension Bridge db Erie Junction—East Buffalo Junction to Niagara SeefulL statement as to lands in V. 31, p. 178. Operations and earn¬
Falls and Suspension Bridge, 23*4 miles. Road opened January, 1871.
ings ^or four yearsending May 31.1880, were as follows, no annual
It is leased to New York Lake Erie & Western Railroad Co. at 30 per
for the last year ending May 31,1881.
oent of gross receipts, which are guaranteed to be not less than $105,000 report having been issued
Passenger
Freight (ton) - Gross
Net
per annum. Lessees own all stock except 297 shares.
Mileage.
Mileage.
Earnings. Earnings.
Years.
Miles.
13,886,499
43,369,881 $2,043,453 $538,329
415
Syracuse Binghampton dk New York.—Sept. 30, 1880, owned from
15,004,800
51,022,434
2,331,310
708,138
444
Oeddes, N. Y., to Binghampton, N. Y., 81 miles. Chartered as Syracuse
A Binghampton and opened Oot. 23, 1854; foreclosed and reorganized
2,136,143
11,651,044
50,723,818
544,916
444
11,438,607
66,446,382
2.589,220 1,045,703
April 30, 1857, and leased to Delaware Lackawanna & Western. In the
444
last year reported—ending Sept. 30, 1880, the gross receipts were
The income account was as follows:
1879-80.
1873-79.
1877-78,
1876-77.
$869,154; road expenses, $546,819; net $322,335; interest on bonds,
$
$
$141,400; dividends, $50,100. (V. 27, p. 568; V. 32, p. 579.)
541,916
1,045,703
708,133
Total net income
538,329
Syracuse Chenango dk New York.—Sept. 30, 1880, owned from Syra¬
Disbursements—
663,120
658,049
656,370
cuse, N. Y., to BarlvRle, N. Y., 43^ miles. The Syracuse & Chenango Iuterest on debt
557,867
69,620
Valley Railroad was sold in foreclosure and a new company organized
Sinking
fund
March 14, 1873, under the name of Syracuse & Chenango Railroad.
April 15,1877, road was again sold in foreclosure aud present oompany
Balance
def. 19,533 sur.50,089 def.111,454 sur.312,963
organized, which also became embarrassed and passed into the hands of
Mr. James J. Belden, January, 1879, as Receiver. In January, 1880, —(V. 31, p. 61, 96. 177, 203, 248, 359. 673; V. 32, p. 123, 205, 289, 412,
the road was reported sold to a Boston Syndicate. See V. 32, p. 101. 445, 469, 526, 613, 628, 687; V. 33, p. 48,102, 117, 155, 178, 256, 386,
404. 461, 470, 561, 623, 687, 716.)
-(V. 28, p. 44; V. 32, p. 101, 444; V. 33, p. 178, 716.)
Texas dk St. Louis.—Narrow gauge road. Texarkana to Waoo, 250
Syracuse Geneva dk Coming—Sept. 30. 1880, owned from Coming,
N. Y., to Geneva, N. Y., 57% miles. This road was opened Dec. 10,1877, miles. Construction is in active progress on tbo Missouri aud Arkannae
and is leased to the Fall Brook Coal Company. Stock is $1,162,800. In divisions, and the company expects to have a line from Bird’s Point,
1880-81 gross earnings were $513,591; operating expenses, $329,377; opposite Cairo, to Texarkana, a distance of 400 miles; also an extension
of tho line from Waco to Gatesville, 45 miles, and tho Dallas Branoh,
net, $184,214. (V. 29, p. 629.)
from Mt. Pleasant to Dai’as, 125 miles, with a possible branoh to Mem¬
Tehuantepec.— Road in progress from Gulf of Mexico to Pacific Ocean. phis, 40 miles, aud another to Little Rock of 50 miles, oompleted by the
miles. To December, 1881, 40 miles finished, aud about $1,600,000
close of 1382. Land grant is 10,240 acres for eaoh mile of finished
expended. Stock is $2,000,000. Edward Learned, President, Pittsfield, road, except on one section of 36 miles, whore only 5,120 acres are
Mass. (V, 33, p. 461,)
received. The income bonds are a first mortgage on lands and a sec¬
Terre Haute dk Indianapolis.—From Indianapolis to Illinois State Line, ond on the road. Lands in Texas are not on the line of road. The
80 miles, with coal branches, 21 miles; total, 101 miles.
The road was stock authorized is $12,000,000. J. W. Paramorc, President, St. Louis.
-opened in 1852 (as Terre Haute & Richmond), and has been one of the (V. 31, p. 321, 536, V. 32, p. 101, 283, 54-1; V. 33, p. 102, 404, 624, 716.)
best of Western roads. The company leases and operates the St. Louis
Texas Trunk.— This road is projected from Dallas to Sabine Pass, Tex.,
Vandalia & Terre Haute Road on foint account with the Pittsburg about 300 miles, with a branch to Sabine River, 50 miles, has a land
Cincinnati & St. Louis Railroad, at 30 per cent of gross earnings, but
grant of 10.240 acres for each mile built.
Bonds are issued at rate
guarantees the first and second mort. bonds. Earnings for 1878-9 were of
$14,000 per mile of completed road. J. G. Graves, President, Nertll
$1,082,373 gross and $401,370 net; in 1879-80, $1,327,135 gross and Scltuate, Mass. (V. 33, ]>. 202, 642, 7u8 )
cent dividends on stock were
Spuyten Duyvel dk Port
$446,695 net.
•
liv
KAILROAD
Subscribers will confer
a
Date Size, or
of
Par
see notes
Road. Bonds Value.
.
of
Tioga RR.—1st mortgage
54
54
Consolidated mortgage
Extension bonds
Toledo Ann Arbor A Grand Trunk— 1st mort., gold.
Toledo Canada Southern A Detroit—Stock
Toledo Cincinnati A St. Louis— 1st mortgage,
2d mortgage, income, not cumulative....'
gold.
Toledo Delphos A Burlington—Stock
1st mortgage, Toledo to Kokomo
2d M.,
income, non-cumulative, Tol. to Kokomo..
1st mort., Dayton Division
2d mort., Dayton Div., income, non-cumulative..
1st mortgage Toledo terminal trust “ A”
1st mort., gold, Southeastern Div
Income bonds,
non-cumulative.
do
Cincinnati Div., 1st mortgage, gold
1879-0
do
income, non-cumulative
Frankfort & Kokomo, 1st mortgage, gold
1852
1876
180
....
22
....
26
53
35
Troy A Boston—Stock
1st mortgage, consolidated
Convertible bonds
New mortgage bonds (for $1,000,000)
Troy Union—1st mortgage, guaranteed, Troy City.
Tyrone A Clearfield—Stock
1,000,000
250,000
6
1880
1880
1881
1881
1,000
2,250,000
500 Sic.
1831
1,000
1881
1879
1,000
1,000
2,250,000
250,000
250,000
200,000
100
2is
60
74
....
....
....
500,000
....
680,000
...
1,000,000
...
1,825
1st mortgage, gold, on road and equipment
1,038
2d mortgage currency (Government subsidy).... 1,038
do
on road (2d on land), sinking fund.. 1,038
3d
Land grant bonds on 10,514,789 acres
Omaha bridge lids, st’g, (s.f. about $05,000 yrly).
Collateral Trust bonds
1
Denver Pacific, 1st mortgage, gold, land grant...
106
Kans. Pac.,cons. M..,g.(for $30,000,000),cp.or rg.
do
1st M.. g, cp.. on 140m. west Mo. Riv.
140
1,000
.
c.
1,000
.
1,342,600
61,000,000
1,000
1,000
27,229,000
27,236,512
....
13,86i,000
1866-9
1866-9
1874
1867-9
1871
1879
1869
1879
1865
1,000
1,000
1,000
1,000
6,071,000
2,037,000
4,691,000
137,000
12,602,000
1.000
2,240,000
£200
Tioga.—September 30, 1880, owned from Arnot, Pa., to State line New
York, 44 miles; branch, Blossburg, Pa., to Morris’Run, Pa., 4 miles;
leased, Elmira State Line Railroad, State line New York to N. C. Rail¬
way Junction, 7 miles; total, 55 miles. The stock is $580,900.
In
1879-80 gross earnings were $393,760 and net earnings, $103,448. F.
N. Drake, President, Corning, N. Y.
Toledo Ann Arbor A Grand Tyntnk.—A consolidation, Oct., 1880, of
Toledo & Ann Arbor and Toledo Ann A. <fe Northeastern railroads. Line
from Toledo to Pontiac, 84 miles, connecting with Grand Trunk of
Canada. In 1880, 40 miles finished, and whole line to be completed
Sept., 1881. Bonds offered in New York, June, 1881, at $15,000 per mile
by Anthony, Poor <fc Oliphant. Stock, $1,900,000. See Chronicle June
18, 1881, p. 651; Y. 33, p. 155.)
Toledo Canada Southern A Detroit.—Toledo, Ohio, to Detroit (G.
T. Junction), Mich., 55 miles. Road opened September 1, 1873. In
1879 gross earnings were $416,544; operating
expenses, $461,498;
deficit, $44,954. The bonds were partly exchanged into Canada Southern
first mortgage bonds at 70 per cent of face value. In March, 1881, a
foreclosure suit was begun.
(V. 32, p. 336.)
Toledo Cincinnati A St. Louis.—This is the connecting line (narrow
gauge) of the Toledo Delphos & Burlington in progress 270 miles to St.
Louis. For each $9,500 in cash, subscribers received $10,000 in 1st
mortgage bonds, $5,000 incomes and $5,000 stock.
(V. 32, p. 6,579;
V. 33, p. 48. 433, 718.)
Toledo Delphos A Burlington — Road from Toledo to Kokomo, Ind., 181
miles; branch, Delphos to Dayton, O., and Shanesville branch, 99 miles.
Southeastern Division, 185 miles; Cin. Division, 22 miles.Extension
to St. Louis is in progress under name of Toledo Cincinnati & St. Louis
RR. John M. Corse, President, New York. (V. 31, p. 330. 653; Y. 32, p.
6, 101,206, 288, 313, 613; V. 33, p. 73. 126, 386, 442, 470, 718.).
Troy A Boston.—September 30, 1880, owned from Troy, N. Y., to Ver¬
mont State line, 35 miles; leased: Southern Vermont 6 miles; Troy Si
Bennington. 5 miles; total operated, 46 miles. Net earnings in 1879-80,
$269,621; interest, $188,368; rentals. $27,400. The floating debt
Sept. 30, 1880, was $328,931, against $380,648 in 1878-9. Operations
and earnings for five years past were as follows
Passenger
Mileage.
5,605,546
6,660,492
6,492,660
Freight (ton)
13,908,977
16,853,882
23,829,494
$566,540
Earnings.
$268,206
560,764
276,614
560,344
6,112,538
6,191,024
274,747
30,501,683
593,896
288,519
Mil eage.
Gross
Earnings.
Net
28,252,911
570,161
269,621
—(V. 28, p. 119; V. 30, p. 168.)
Troy Utiion.—A small road in Troy City, extending from Hoosick Street
Bridge to Troy & Greenbush RR., 2*4 miles. Owned jointly by several
roads. Capital stock, $30,000. Bonds were issued by the City of Troy,
and are guaranteed by the companies interested.
..
Tyrone A Clearfield.—East Tyrone, Pa., to Curwensville, Pa., 44 miles;
branches,
17
miles; total, 61 miles.
This company was organized
April 1, 1867, after sale in foreclosure. Road completed in 1872. It
leased to the Pennsylvania Railroad in 1878; rental was $73,500.
G. B. Roberts, President, Philadelphia, Pa.
Ulster A Delaware—Rondout (Hudson River), N. Y., to Stamford, N. Y.,
74 miles. This was the Rondout Si Oswego in 1S70; reorganized May
28,1872, as New York Kingston & Syracuse, and again, after foreclosure,
May 1,1875, as Ulster & Delaware. The stock is $1,152,100. In 1877-8
the gross earnings were $168,157; net earnings $31,658. Thos. Cornell
is President, F.ondout, N. Y.
Union Pacific Railway.— December 31, 1880, mileage was as follows:
was
Main line—
Council Bluffs to
Branches—
Miles.
Ogden
Ogden to June. Central Pac..
Kansas City to Denver
Denver to Cheyenne
Leavenworth to Laurence....
1,037
5
638
106
34
Miles.
348
Utah & Northern RR
Marysville & Blue Val. RR...
Carbondale Branch.
Junction City & Fort Kearney
Solomon RR
Salina & Southwestern
St Joseph & Western
Cen. Br. U. P. Si leased roads.
Kansas Central
Denver & Boulder Valley
Golden Boulder & Car
252
Total owned
334
1,820
Controlled—
119
Omaha <fe Repub. Valley RR.
133
28
Omaha N. & Black Hills RR..
81
6
Colorado Central RR
178
Echo & Park City RR
27 Total controlled
1,972
Utah Southern RR
235 Tot. operated Dee. 31, 1880. 3,792
Since Dec. 31, has bought the Den So. Park & Pac. RR., 212 miles.
This was a consolidation, January 24, 1880, of the Union Pacific
Railroad, the Kansas Pacific and Denver Pacific, made under authority
of the acts of Congress of July 1,1862 and July 2,1864. New stock
was issued for the old stock of the three companies, but their bonds
remained unchanged.
(See Chronicle, V. 30, p. 118.)
The corcnany,
under acts of Congress above-named, took a land grant of 12,800 "acres
per mile, estimated at a total of 12,083,227 acres, and a subsidy in U. S.
bonds of $27,236,512. The interest and principal of this loan is to
be paid according to the “Thurman Act,” which requires 25 per cent
of the net earnings, after deducting interest on the first mortgage
bonds, to be paid annually to the Government
as
follows:
First-
N.Y., Bk. of N. America.
May 1. 1882
1896
Oct. 1, 1905
Jan. 1, 1921
J.
& J. N. Y„
.
^
T. &
Anthony, P. Si O.
„
J.
New York
or
192 i'
London.
July
.
.
136,000
100 Sic.
100
Whom.
pal,When Due.
Stocks— Last
Dividend.
*
6 g.
650.000
....
Payable, and by
Nov. 1,
.
1,384,000
1878
1876
1875
Ronds—Princi¬
•
1,609,000
1,000
500 Ac.
....
53
....
1,000
1,000
1,000
....
....
Unton Pacific—Stock
6
6
6
1,000
1874
....
Ulster A Delaware—1st mortgage
2d mortgage income bonds
1,250,000
1,250,000
1,009,000
1831
1881
M. & N.
7
6 g.
1,000
270
270
281
181
181
102
102
....
7
7,000.000
....
1880
7
125,000
50
1,000
....
1880
1880
$239,500
1,000
1,000
1881
Mil,
of any error discovered In these Tables.
265,000
1,260.000
1,547,662
3,000,000
3,000,000
....
[Vol. XX
Rate per When Where
Cent.
Payable
Outstanding
$....
....
notice
Amount
....
84
BONDS.
INTEREST OR DIVIDENDS.
Miles
explanation of column headings, &c.,
on first page of tables.
Years.
1875-6....
1876-7....
1877-8....
1878-9....
AND
great favor by tiring Immediate
DESCRIPTION.
or
STOCKS
.
1, 1921
.
J.
i, i910
& J.
N.Y., G. W. Ballou & Co
4. & 0.
N.Y., G. W. Ballou & Co
1, 1910
April 1, 1910
6
6 g.
6
6 g.
6
7
2
7
7
7
6
J. & J. N.Y., G. AV. Ballou & Co
A. & O. New York and London
July 1, 1910
April 1, 1921
3*3
F. Si A.
J. Si J.
F. Si A.
7
7
April 1,
Y., G. W. Ballou & Co April 1,
April 1,
J. & J. N.Y., Mctrop’n Nat. Bk. Jan. 1,
P. & A. Troy, Company’s Office.
(?)
J. & J. N. Y., Nat. B’k of Com.
M. & 8.
do
do
A.. Si 0.
do
do
g.
g.
g.
g.
1921
1921
1925
1908
1894
1882
1903
.
Q.—J.
g.
April 1, 1910
A. & O. N.
1%
6
6
8
7
8
6
7
6
6
Jan.
Jan.
J.
J.
M.
A.
A.
J.
M.
M.
F.
&
Si
Si
&
&
&
&
&
&
J.
J.
S.
Phila., 233 South 4th.
Rondout, Co.’s Office.
Aug*
do
New York and Boston.
do
do
U.S. Treas., at maturity.
New York and Bostou.
do
do
London, L. Sc 8. Fr. Bk.
O.
O.
J. N. Y., Union Trust Co.
N. N. Y., Bk. of Commerce.
N.
do
do
A.
do
do
15.1881
1900
do
July 1, 1905
Jan. 2, 1882
1896 to 1899
1890 to 1899
Sept. 1, 1893
1887
April, 1896
July 1, 1908
May 1, 1899
May 1, 1919
Aug. 1, 1895
Applied directly to interest account, one-half of Government earnings
Second—To be placed in the sinking fund—the other half of the Goverhment earnings ; five per cent of net earnings, after
deducting interest on
first mortgage bonds; so much of $850,000 as may be
necessary to
make 25 per cent of net earnings. The annual report for 1880 was pub¬
lished-in V. 32, p. 285. The earnings, expenses, income account and
balance sheet were as follows:
1879
EARNINGS AND EXPENSES FOR
1880.
ANI)
1879.
Passengers—cash
1880.
$4,236,869
Passengers—Government
169,927
234.010
10,572,805
443,435
1,051,154
68.5,712
* 496,218
384,142
13,406,91#
469,025
1,342,572
719,349
681,818
430,333
$18,040,266
8,368,836
$22,455,134
10,545,119
$9,671,429
$11,910,015
46*38
46*96
Freight-cash
Freight—Government
Freight—company
*
Mail
Express
Miscellaneous
Total earnings
expenses
Operating
$5,171,114
Surplus carnincrs
per cent.
Expenses, ratio
1880.
Disbursements.
To interest on bonds.. $5,174,473
INCOME ACCOUNT FOR
Receipts.
Net earnings
Dividends on stock
Interest on bonds
Prem. on bonds sold,
profits on investm’ts
$11,910,015
...
sold, &e
370,122
Discount, interest, Sic
640,030
Sink, fund requirem’ts
Amount due the U. S.
for the year
Dividends, 6 per cent.
Balance forward
284,249
Total
114,315
434,000
1,779,811
3,045,738
2,656,078
$13,204,416
Total
$13,204,416
1
GENERAL BALANCE SHEET DECEMBER
A sisptf}.
31, 1880.
Road and equipment
Investments—
Bonds and stocks of other companies
$154,743,629
Total
349,562
4,533,807
1.850,372
1,877,299
,
117,304
$185,165,541
Liabilities.
Capital stock
*19,507,615
12,185,950
:..
Bonds and stocks held by trustees consolidated mort....
Bonds and stocks of this company
Land Department assets—
Union Pacific grant
Kansas Pacific grant
Material on hand
Balance of interest on U. S. bonds
$50,762,300
,
Funded debt—
Union Pacific Railroad
Kansas Pacific
53,889,000
Railway, $39,095,624, less amount held
by trustees consolidated mortgage, $10,361,510
28,734,114
United States subsidy bonds—
Union Pacific Railroad
Kansas Pacific Railway..
Interest accrued thereon
$26,056,256
Less repaid by transportation
13,922,281
Bills payable
..$2,334,277
Coupons & div’s due Jan. 1, 1881
27,236.512
6,303,000
12,133,975
1,982,874
Balance due connecting roads....
388,744
Audited bills, pay-rolls, &c
1,642,070—$6,347,967
Less cash on hand and balances due
4,828,132—
Interest accrued, not yet due
Income account, surplus
Income used for sinking
earnings
funds
848,206
Land income
Total
*
1,519,834
782,720
2,521,877
434,000
$185,165,541
Bonds (par value),
$16,194,264; stocks, $17,608,011.
1 Bonds, $2,133,000; stocks, $2,875,000. ‘
The securities held at close of the year 1880, amounted to $16,194,264
bonds and $17*603,011 stocks, at their par value, of which the cost in
the balance shqpt is $19,507,615. A complete list of these was pub¬
lished in the Chronicle, V. 32, p. 285. The land department reports the
following for 1880:
Net proceeds, Union Pacific land grant 1880 (176,201 acres)
at average of $4 82 per acre)
** $669,346
Net proceeds Kansas Pacific land grant 1880 (100,382 acres),
at average price of $4 03 per acre
268,417
Total
Net
proceeds of other lands and lots
Total net proceeds for the year
Deduct net proceeds for the month
;
of January, 1880
Leaves net proc’ds since Feb. 1, when accts. were consolidat’d,
as
per
$937’ZSi
19,754
$957,518
109,312
_
balance of “ Land Income” acet., gen’l balance sheet. $843,*0o
DECEMBER,
great flavor by giving
Sabseribcn will confer a
DESCRIPTION.
For
explanation
of column headings,
on first page of tables.
&o., see notes
Pacific—(Continued)—
Kans. Pac., 1st mort., gold, 140tli to 393d mile...
do
2d M.(to U.S.Gov.) on 394m.W. Mo.R.
do 1st,394th to 639th in., l.g., 3,000,000 acs
1st mort., coup., (Leavenworth Br.)..
do
do
Income bds, coup., 3d M.on 427 miles.
do
1st I’d bds.cp.or rg.,g.,on 2,000,000 acs
Coupon certificates (see remarks below)
United N. J. RR. <t Canal Companies—Stock
General mortgage, gold, coupon
United Co.’s mortgage, sinking fund, registered..
do
sterling loan mortgage, sinking fund
do
do ■
do
do
do
dollar loan, mortgage
loan, reg
Joint Co.’s
N. J.
Utah
(sink’g fund after 1880)
RR. & T. Co., 3d loan due State of N. J
Central—Stock
'1st mortgage, gold
Utah Southern, 1st mortgage, coupon—
do
general mortgage (for $1,950,000)
Utah Southern Extension, 1st mort., guar
18769.
1869
1866
1866
1870
....
pal,When Due.
Size, or
Amount
Par
Value.
Outstanding
$1,000
$4,063,000
Rate per
Cent.
When
Where
Stocks—Last
Payable, and by
Dividend.!
Whom.
Payable
•
•
•
1871
1871
1871
1871
•
....
1871
1878
....
Utah
gold
bonds
Morristown, 1st mortgage.'
Theresa, 1st mortgage
Black River &
Clayton
Utica Chenango (6 Susquehanna Valley— Stock
Ufica Clinton <6 Binghamton—1st mortgage
Valley (N. Y.)—Stock
Valley (Ohio)—Mortgage for $4,000,000
Valley ( Va.)— 1st mortgage bonds
.
....
.
....
-
18G2
1868
....
2*80
250 «Scc.
20,490,400
5,069,000
2,000,000
1,846,000
1,800,000
154,000
1,000
....
....
....
•
•
-
•
4,250,000
1,000,000
1878
1879
1,000
1,000
.
.
1874
....
....
....
1
....
825,000
1,950,000
2,000,000
4,176,000
1,772,000
1,112.000
....
500,000
500 &c.
200,000
4,000,000
800,000
750,000
100
1,000
....
(?)
....
trust bonds, the issue is limited to 80 per
& Republican Valley RR, $850,000
Colorado Central Railroad bonds, $2,526,000; Utah Northern Railroad
about $3,480,000; total, $6,856,000. The collateral trust bonds area
direct obligation of the Union Pacific Company, and have as their security
the first mortgage bonds of the roads named pledged with the trustees.
7
7
2
7
7
7
3 t
7
4
900.000
100
Of the Union Pacific collateral
cent of the following bonds: Omaha
9 g.
7
7
7
1.125,000
Offices.
Jan. 10,1882
Moh. 1, 1901
Oct. 1, 1894
Mch. 1, 1894
Q.-J.
6
100,000
Too
348
62
180
87
36
16
98
31
11
.
5,000,000
....
1879
ra
866,000
....
1,000
1,000
1,000
1,000
1871
1,700,000
....
June 1, 1896
1895 to ’97
Phila. and N. Y.
J.
& J.
J.
& J.
New York,
do
do
do
....
•
J.
& J.
J.
& J. Now York, 195
&
&
&
&
&
J.
J.
J.
M.
J.
$22,000 per
the principal. An increase of
$10,237,700 in the capital stock was made in February, 1881, by issuing
that amount to stockholders of record Feb. 1, at par.
The Kansas Pacific extended from Kansas City, Mo., to Denver, Col.
639 miles, with Leavenworth Branch, Lawrence to Leavenworth, 34
miles. It was organized as “ Leavenworth Pawnee & Western” in 1861,
then changed to “ Union Pacific, Eastern Division,” June 6,1863, and to
Pacific” on March 3, 1869. The Pacific Railroad acts of 1862
and 1864 applied to this road, and gave it a subsidy of $6,303,000 and a
land grant or about 6,000,000 acres. The lands mortgaged were put in
two trusts, 2,000,000 acres in the first, from the first to the 380th mile
westward, covered by the first and second land mortgages, and from sales
of these lands there are $1,095,679 land notes held. The 3,000,000
in the second grant, from the 380th mile westward, are covered
by the Denver Division mortgage.
The outstanding bonds of Kansas Pacific above are given less the
amounts of each class held by the trustees of the general mortgage. The
amount of $2,921,977 in coupon certificates is made up of $297,780
from Eastern Division bonds, $541,050 from Middle Division, $1,000,895
from Denver Extension, $46,000 from Leavenworth Branch and about
of interest collected on hypothecated bonds—say
year—forms a sinking fund to reduce
The excess
“Kansas
acres
$5,000 from the land grant bonds.
The second land grant mortgage,
with various other bonds, was taken
consolidated mortgage
of May 1,1879, which covers
that mortgage are Jay Gould and Russell
Sage, and they held in trust on Jan. 1, 1881, the following bonds or the
Kansas Pacific, making $10,361,510 in all, viz.:
Leavenworth Branch,
$308,000; first land grant, $1,426,750; second land grant, 1.486,000;
income (unsubordinated) bonds. $165,400; income (subordinated) bonds,
$3,036,400; funding bonds, $1,500,000; Leavenworth Branch, coupon
certificates, $46,270; first land grant, coupon certificates, $243,615;
second land grant, coupon certificates, $159,075; Denver Pacific bonds,
$1,990,000. They also held $2,875,800 of the stocks and $2,133,000 of
the bonds of other companies controlled by the Union Pacfio. In funding
other bonds into the consol, mort., the old Kansas Pacific securities were
exchanged at par, except as follows: The ** funding mortgage ” bonds
received nothing for 5 over-due coupons; Leavenworth branch and un¬
stamped incomes at 50 per cent and nothing for over-due interest;
stamped incomes at 30 per cent; second land grant at 50 per cent.
The interest on Denver Extension bonds (sevens due May 1, 1899)
reduced to 6 per cent.
The Denver Pacific—Denver to Cheyenne, 106 miles—was built under
the charter of the Union Pacific, E. D. (Kansas Pacific), and opened
January 1, 1871. The Denver & Boulder Valley was opened under a 99
year lease from 1873. The company made default, and a receiver was
appointed April 4,1878. The stock of $4,000,000 went into this consoli¬
dation January 24, 1880, and the bonds are to be retired with the con¬
solidated mortgage of the Kansas Pacific. (V. 29, p. 67, 95, 196, 405,
434, 513, 657; V. 30, p. 17, 93,118, 163. 169, 270. 345, 545; V. 31, p.
46, 68, 88, 154, 171, 196, 230, 347, 383. 511, 558; V. 32, p. 92, 123, 232,
285, 412, 600, 660, 687; V. 33, p. 12, 46, 93,126, 359, 470, 491, 624,
np with the general
road and lands; the trustees ot
was
642.)
1, 1899
1, 1896
1. 1916
1, 1880
Moh. 1, 1894
Feb. 1, 1888
Sept. 1, 1908
1, 1883
1, 1889
Nov. 1, 1889
Overdue.
Feb.
Jan.
Jau. 1, 1890
July 1. 1891
July 1, 1909
Office.
do
do
do
July 1, 1909
Br’dway. July 1, 1908
1904
New York Office.
Utica.
M. & N.
M. & S.
Sept. 30,1881
Julv. 1801
Jan. 1, 1894
J. N.Y., Nat.Bk.of Com’ce.
do
do
J.
do
do
J.
N. N. Y., D. L. & W. RR.
J. N. Y., Cont. Nat. Bank.
N. Y., D. L. & W.
Nov. 1. 1881
1890
1881
....
....
....
to Stockton, U. T., 40 mileg.
1, 1878, and the road was held
Utah cC Nevada—Salt Lake City, U. T.,
The Utah Western made default January
Dy trustees for the bondholders,
was
this company organized with
and
p.
May
Jah
July
July
Philadelphia, Office.
M. & S.
do
do
A. & 0.
London.
M. & S.
do
M. <fc 8.
Philadelphia.
F. & A.
do
M. & S;
Philadelphia Office.
F. & A.
Princeton, N. J.
J. & I).
Philadelphia Oftioe.
M. & N.
A. & 0. N. Y., B’k of Commerce.
9 g.
6
6 g.
9 g.
6
6
6
6
6
841,000
....
1870
187L
1879
6 & 7
2hj
2,921,977
36 h*
75
105
138
....
1.073,500
54,000
f>0 &C.
*
....
m
6,366,000
292,000
& D. N. Y., Bk. of Commerce.
Payable ha by transportation.
M. & N. N. Y., Loud. & Fraukf’t.
M. & N. N. Y., Bk of Commerce.
do
do
M. & S.
J. & J. N. Y., Lond. & Frankft.
J.
6 g.
6
o g.
7
7
7 g.
6,303,000
....
1,000
1,000
100
379
„
do
Nevada—Stock
Utah Northern.—1st mortgage
Utah & Pleasant Valley—1st mortgage,
Utica & Black River—Stock
1866
1865-7
253
394
245
34
427
...
consol, mort.
Mortgage
Road. Bonds
....
plain bonds
do
do
Date
of
Miles
of
Bonds—PrlpciImmediate notice of any
error discovered In these Tables.
INTEREST OR DIVIDENDS.
.
Union
do
do
AND BOHDS.
KAILROAD STOCKS
18SI.J
foreclosed Nov. 3, 1880, and
651; V. 31,
$2,000,000 stock. (V. 30, p.
154, 536; V. 32, p. 356.)
north into Idaho
built March, 1880. The
Transferred to present
company May 1,1878. 8tock issued to December 31,1880, $4,176,000.
The road is mainly owned and built by the Union Paciflo. For the year
1880 the gross earnings were $1,016,060; net, $552,416. (V. 33, p. 93,
Utah Northern.—In progress from Ogden, Utah,
Territory. Two hundred and seventy-five miles
road was sold in foreclosure March 28,1878.
346.)
to Pleasant Val¬
$750,000. Bonds sold
Utah c6 Pleasant Valley—Line of road Provo, Utah,
ley. Utah, 60 miles. Road opened in 1879. Stock,
in New York in 1880. (V. 29, p. 539; V. 30, p. 163.
Utica efi Black River.—Sept. 30, 1881. owned from Utica,
Philadelphia, N. Y., 87 miles; leased lines to Morristown,
Ogdensburg, to Sackett’s Harbor and to Clayton, 93
operated, 180 miles. The company
N. Y., to
N. Y., to
miles in all; total
has
paid its rentals and moderate
The general account, September
dividends for a number of years.
30,1881, was as follows, condensed:
$1,772,000
Stock
1,112,000
Bonds
55,645
320,277
Sundry accounts and balances.
Surplus fund
$3,259,922
Total
Road and equipment
Leased lines, stocks, bonds
$2,878,702
311.367
7,753
62,100— $3,259,922
and advances
Sundry accounts
Cash
,.
Income Account:
Net income,
all sources
Interest
$81,440
.
TiPTitalfl
$255,638
*71 79^
Dividend' 4 per cent
'.*”.*.*11.*‘'.*‘‘.'70,880— 224,043
Balance, surplus
288,632
Add
$31,595
surplus, Sept. 30, 1880
1. $320,277
The surplus is chiefly represented by advances to leased lines. It was
deemed best to retain the^cash part of it to meet emergencies,.instead of
increasing dividend. The Ogdensburg extension is doing well, and
promises to be a good investment. Operations and earnings for five
Surplus, Sept.
years
30,1881
past were as follows:
Passenger
Years.
1876-7....
1877-8....
1878-9....
Miles
.
.
Mileage.
Gross
Freight (tony
Earnings.
Mileage.
170
5,336,245
5,065,167
170
5,266,280
5,221,906
6,062,017
180
5,205,965
Div.
Net
Earnings, p. ct
$220,261
$453,576
239,292
184,977
315,771
246,780
453,145
475,508
590,760
693,170
6
4
2
4
9,204,785
Canal Companies.—Lines of road. New York 1879-80.. 180
5,836,600
4
to Philadelphia and branches, 123 miles; Camden to Amboy and branches, 1880-81.
180
7,377,199 12,918,373
1521^ miles; Trenton to Manunka Chuuk and branches, 103 miles: total
-(V. 28, p. 96; V. 29, p. 536; V. 32, p. 295.)
operated, 379 miles. Delaware & Raritan Canal, 66 miles. The United
New Jersey Railroad & Canal Companies were leased in May, 1871, to the
Utica Chenango <£ Susquehanna Valley—Sept. 30,1880, owned from
Pennsylvania Railroad for 199 years, at a rental of 10 per cent on the Utica, N. Y., to Green, N. Y., 76 miles; branch to Richfield Springs, 22
stock, besides interest on bonds. The smaller leased roads were taken
miles; total, 98 miles. Road opened October, 1872. Leased to Delaware
with their several contracts. The Belvidere Delaware was leased to the
Lackawanna & Western at 6 per cent on stock. Has no bonded debt.
Pennsylvania Railroad March 7,1876, and since January 1,1877. has Gross earnings, 1879-80, $544,616; net earnings, $261,873; dividend
been operated as the Belvidere Division of United New Jersey Railroad
payments, $240,000.
system. The net earnings are paid over to the lessors in full as rental.
The lease has not been profitable in cash receipts to the Pennsylvania
Utica Clinton <& Binghamton.—Sept. 30,1880, owned from Utica, N.Y.,
Railroad, and the net loss in 1879 was $939,889, and in 1880 $1,035,- to Smith’s Vailey, N. Y., 31 miles. Opened June 22,1872, and leased to
connection
308; but the
with New York was indispensable to the Penn¬ New York & Oswego Midland Railroad. The lease was transferred to
sylvania Railroad, and it is only a question whether it might not have the Delaware & Hudson Canal Co., which pays the rental of $75,000 per
been secured at much less cost. Operations and earnings for five years
annum.
The road is operated by the Delaware Lackawanna <fc Westerm
past (including the canal) were as follows:
Gross earnings in 1879-80, $82,553; net earnings, $30,727.
Passenger
Freight (ton)
Gross
Div stock, $636,285. O. S. Williams, President, Clinton, N. Y.
Net
Years. Miles.
Mileage.
Mileage.
Earnings. - Earnings, p. ct.
United New Jersey
RR. &
.
.
.
Capital
$11,824,133 $5,074,017 10
8,960,697 2,694,480 10
8,398,534 2,895,592 10
9,784,843 3,283,981
10
1880
11,544,681 3,329.473 10
Utah Central.—From Ogden, Utah, to Frisco, 280 miles. This was a
consolidation July 1, 1881, of the Utah Central, Utah Southern and
Utah Southern Extension. Stock placed on New York Stock Exchange
Dec., 1831. Sidney Dillon, President. (V. 33, p. 687.)
293
373
373
373
302,188,535 190,635,678
143,132,968
139,245,413
146,914,158
171,055,377
256,134,099
255,027,095
332,298,977
381,885,409
from Binghamton,
Opened Ootober, 1871.
1879-80,
paid, 60,000. Moaes
Valley (N. F.) Railroad—Sept. 30, 1880, owned
to State line of Pennsylvania. 12 miles.
Leased to Delaware Lackawanna & Western. Gross earnings in
$284,641; net earnings, $167,121.
Dividends
Taylor, President. New York City. (V. 32, p. 92.)
N. Y.,
Valley (Ohio).—(V. 33, p.
Valley (Fa.)-(V. 32, p.
247.)
687; V. 33, p. 178,
_
562.)
-a
RAILROAD
Subscribers will confer
a
STOCKS AND
BONDS.
great favor by giving immediate notice of any error discovered in these
Tables.
DESCRIPTION.
INTEREST OR DIVIDENDS.
Mile* Date 8ize,or
For explanation of column headings, Ac., see notes
of
of
Par
on first page of tables.
Road. Bonds Value.
Amount
Outstanding
■
Vermont A Canada—Stock
Bonds, guaranteed by Vermont Central
73
....
Mortgage bonds
73
Missisquoi Railroad bonds
Vermont Central— 1st mortgage, consolidated
2d mortgage, consolidated.
Equipment loans
Utansteud, 8. A Cliambly bonds
Income and extension bonds (to pay tioat’g debt).
Vermont A Massachusetts- Stock
1st mortgage (sinking fund $7,000 per year)
....
$....
•
.
.
•
500 &o.
1871
1866
500
100
100
500
100
.867
1872
r>9
77
•
•
«
140
140
140
110
Special loan, funding mortgage
Virginia Midland-htooVi, common
lstprcf. stcck
2d pref. sto< k
Bonds, 1st series
....
Ac,
Ac.
Ac.
Ac.
Ac.
1881
1881
1881
1881
1881
1881
100 Ac.1
1,000
....
500 Ac.
do
2d scries
do
3d series
do
4 th series
do
5th series
do
6th series
Income bonds, cumulative (for
$4,000,000)
Virginia A Truckee—Stock (tor $6,000,000)
*
1st mortgage bonds
Wabash St. Louis A Pacific—Stock, common
Preferred stock, 7 per cent, (not cuumulative)
52
52
General mortgage, gold (for $50,000,000)
1st xnort. bonds on Champaign Hav. A West
1st morfc. bonds on Chicago 6i Strawn
1st inort gold, on Cairo Division
,
....
....
1,000
1874
1,000
•
All.
131
262
270
....
1881
2,404
..
....
«
.
.
1880
1&80
1880
18^1
100
100
1.000
managers of the Vermont Central Railroad purchased the Stanstead
fiheflord A Cliambly Railroad, extending from 8t.
Johns, P. Q., 43 miles,
to Waterloo., P. Q., laying therefor $500,000 in bonds.
They also took a
lease of the Missisquoi Railroad. The i*oad from Canada Line to
8t.
Johns is also operated by this company, and is
practically a portion of
it, though chartered by the Provincial Parliament under the title of Mon¬
treal A Vermont Junction Railroad Co. The Vermont A
Canada Rail¬
road extends from Essex Junction to Rouse’s
Point, with branches from
Essex to Burlington, and from 8wanton to Canada
line, in all 65 miles.
The 47 miles from Essex Junction to Rouse’s Point are included in
the
mileage of the Central* Vermont RR.” The road is managed by a board
of trustees appointed by the
Chancery Court of Vermont. J. Gregory
Smith is President. In the two years, 1876-78, the
gross earnings were
^4,076,702, and net earnings, $1,461,139. The foreclosure suit has been
pending a long time on the second mortgage. (V. 31, p. 484, 653 ; V. 33
p. 610.)
Vermont A Massachusetts.—\av>.q. of road,
Fitchburg to Greenfield,
from Miller’s Falls.
Mass., to Brattleboro, 21 miles; total, 80 miles. The road is leased to the
Fitchburg RR. for 999 years at 6 i>er cent. The Vermont section is
operated under lease for fifteen years from December 1, 1870, by the
New London Northern Railroad; lease rental,
$48,000 in 1880 and
#54,000 per year afterwards. But in May, 1880, it was sold to New
London Northern. (V. 30, p. 600,)
Vermont Valley of ’71.—March 31, 1881, owned from Bellows Falls
to
Brattleboro, Vt., 24 miles, and by purchase of stock the Sullivan County
Railroad from Bellows Falls to Windsor, Vt.. 26
miles; total, 50 miles.
The Sullivan County road was not operated till
June, 1881. Net earn¬
ings of both roads year ending March 31, 1881, was $107,007.
Vicksburg A Meridian— Line of road—Vicksburg to Meridian, Miss.
The
company has been unable to earn full interest, but has paid so far as
earned. It has a land-grant of about 400,000
acres, of w'hicli about
200,000 have been certified, and about. 40,000 acres sold.
tion is in progress (V. 32, p. 71), under which will be issued Reorganiza¬
a 1st mort-
1,918,000.
fage
for $1,000,000; 2d mortgage, $1,100,000; 3d mortgage income,
Gross
earnings. Net earnings.
$411,685
$105,829
430,428
123 364
329,175
70,314
424.389
129,386
LEDGER, FEB. 29, 1880.
CJt*»
Capital stock
$357,407
Preferred stock
1,042,517
Funded debt
3,135,525
.
BALANCE SHEET OF GENERAL
Dr.
TotaL
Total
—(V.
30,*p.
Bills payable
Land scrip
<$ui r\r7r7 790
64
3*;* V*.
32,
p?71, 611~
G60; V. 33, p. 75, 125.)
1,500,000
2,500,000
600,000
1,900,000
1,100,009
6
6
5 A 6
950.000
3-4-5
41,449
834
$4,577,732
l
1,775,000
1,310,000
m
.
.
5
h
June 1, 1872
July 1, I89i
Oct., 1909
Jan. 1. 1891
Nov. 1, 1886
1891
1876 to 1889
Jan. 1, 1887
1902
Oct. 7, 1881
July 1, 1883
July l. 1885
1920
.
A
A
A
A
A
J.
J.
Vlcksb’g, Miss., TreasT.
do
do
do
J.
O.
J.
Jan. 1,
Jan. 1,
Jan. 1,
Jan. 1,
1880
do
do
do
do
do
1890
1890
1890
1890
-
Mar. 1, lr08
Mar. 1, 1911
Mar. 1, 1916
M
Ban
ar.
1, 1921
Mur. 1, 1926
Mar. 1, 1931
Jan. 1, 1927
M’nthly
Q.-F.
Fran., Bank of Cal.
Aug. 1, 1889
....
1*2
Q-F.
6 g.
6
J.
J.
J.
55
g. IJ.
1
Dividend.
D. Boston, E. Blake A Co.
J. Boston,Nat.Bk.of Redm
O.
J. 8t Albans, W. C Smith.
N. hi>8ton,Nat.Bk of Redm
n.
do
do
N.
do
do
J. St- Albans, Treasurer.
N. Bost.. N.Bk. of Redemp.
O.
Boston, otlico.
J. Boston, Fitchburg RR.
J.
do
do
....
....
15,000,000
Stocks—Laat
M. A 6
Baltimore*.
M. A S.
do
M. A 8.
do
M. A 8.
do
M. A 8
do
M. A 6.
do
J. A J. New York or Alexand’a,
4 A 6
6
1
800.000
22,909,700
22,615,100
3.857,000
Hampshire, at an annual rental of $25,000, but subse¬
so that the rental depends on earnings. About 1867
Road and equipment.. .$3,046,563
Extension to Miss. Riv.
88,542
Miss. Riv. landing front
50,100
Extension tonnage dues
60.009
Bills receivable
38,185
Profit and loss
1,294,330
J.
1,000
quently modified
the
Mass., 56 miles; branch, 3 miles; Vermont division
8
.
Bonds—Prlnci
pal,When Due.
Where Payable, and by
Whom.
800.000
4,500.000
Bradley Barlow, President, 8t.
(V. 29, p. 452; V. 31. p. 484, 653 ; V. 33, p. 610.)
Vermont Central (or Central
Vermont).—Windsor, Vt., to Rouse’s Point,
"Vt., 158 miles; branches and leased lines, 273 miles, included in the re¬
turns of the Vermont Central
Company. Other leased line, New Loncion A Northern, 100 miles. This
company has been through more compftieated and vexatious litigation than any railroad in New England.
Poor's Railroad Manual of 1879 gives the
following account of it:
“This company (Central Vermont) was chartered under its
present title,
^November 2, 1872.
The Vermont Central Railroad
was
chartered October 31, 1813, and the road opened Company
to Burlington
December 31, 1849.
August 24, 1849, it leased the Vermont A
Canada Railroad, then under construction,
agreeing to pay an annual
rental of 8 per coat on its cost, and creating a
mortgage on their own
road as security for such payment. This lease has been the
subject of
atoiost continual lit’.gation since 1854. The Vermont Central Railroad
Company having defaulted on its interest and rental, the trustees under
the lease took possession of the road June
28, 1852, and it has ever
since been operated by them under direction of the court.
On the first
of January, 1871, a lease was taken of the Rxitland
Railroad and its
leased line, the Add'son Railroad, the lessees
agreeing to pay $376,000
per year, and in ad tition $40,500 a year for four years; $67,500 for two
years; $81,000 per year for six years, aud $94,500 per year thereafter
This contract was modified
February 25, 1876, as hereafter stated. In
September, 1861, a lease was also taken of the Sullivan County Rail¬
road of New
6
217,400
1,000
Albans, Vt.
A
A
A
A
A
a
A
A
A
A
A
A
A.
J.
M.
j.
M.
J.
M.
A.
J.
J.
1,180,600
1.600,000
priority of this company’s bonds.
J.
J.
J.
J.
J.
A.
1,000
Vermont A Canada.—Essex Junction. Vt., to Rouse’s Point, Vt,. 47
nailes; branches—Essex, Vt., to Burlington, Vt., 8 miles; 8wanton, Vt.,
to Canada line, 10 miles: total, 65 miles. This road has been mixed
up
inextricably with the Vermont Central, by which it was leased and
operated, and the bonds of 1871 were guaranteed by the Vemu nt
Central.
In 1879 the stockholders voted an issue of
$500,000 new
bands to take up those guaranteed bonus.
No satislaotory repoits
have been issued. In December, 1880, the Court decided in favor of the
4
8
5
7
7
7
8
7
8
3
145.000
100 Ac,
100 Ac.
100
....
Payable
7
5
7
7
7
7
1876-9.
1,000
1,000
....
Cent.
444,100
1.508,600
3,050,000
550,000
150.000
800,000
703,500
850,000
1,000
....
When
1,500,000
50,000
500,000
3,000,000
1,500,0(H)
1,500,000
....
100
...
1865
1872
1880
1866
1866
1866
1866
1871
Rato per
$3,000,000
1871
1879
1866
1866-9
Convertible bonds
Vermont Valley of ’71—1st mortgage
Vicksburg A Meridian—1st series (red endorsed)
2d series (blue endorsed)
3d
do (black endorsed)
4th do (not endorsed)...^
1876-7
T877-8
1*78-9
1879-80
rvoi.. xxxm.
A
A
A
A
D.
D.
J.
J.
N. Y., Co.'s
do
do
do
do
Agency.
do
do
do
do
Nov. 15,1881
-
>
Junel, 1920
Dec., 1910
July 1, 1910
Oct.
1,
1931
Virginia Midland.—February. 1881, owmed from Alexandria to
Goruonsville. 88 miles; Warrenton Branch, 9 miles; Charlottesville
to
Lynchburg, 60 miles; Lynchburg to Danville, 66 miles; Pittsville
Branch, 9 miles; Manassas Junction to Harrisonburg, 114 miles (of
which 49 miles leased to Balt. &
Ohio); Front Royal Branch, 1 mile;
total owned, 347 miles. Leased,
Orange O. H. to Charlottesville, 28
miles; Pittsville to Rocky Mt., 30 miles; total leased, 58 miles. Total
owned aud leased, 405 miles. The
Washington City Va. Midland & QU
Southern was a consolidation (Nov., 1872) of the
Orange Alexandria
& Manassas and Lynch’g & Danville railroads.
The Orange Alex¬
andria A Manassas was a consolidation (June 1,1867)
of the Orange A
Alexandria and the Manassas Gap.
The Washington City Virsrinia Mid¬
land A Great Southern was put into the hands of a
receiver July 1^
1876. interest being m default, and was sold in foreclosure
May 13,1880,
and after litigation sold again Dec. 20, 18S0.
Reorganized as Vir¬
ginia Midland, and bonds and stock issued as above.
The Baltimore & Ohio had large claims
against the company for
coupons, and after reorganization
that company and the Garretts
sold their large interest,
amounting to $3,00 >,000 in stock, to the Rich¬
mond A Danville Syndicate. The
plan of reorganization which was
agreed to will be found in the June. 1881, Soitlemknt under
ton
Washing¬
City Virginia Midland A Great Southern.
Of the above bonds, the first series is a first lien between
Alexandria
and Gordonsville, including lease
of rharlottesvillc A Rapidan Railroad
and the Warrenton Branch; the second series is a second
lien between
Alexandria and Gordonsville,
including Warrenton Branch and lease ol
Charlottesville A Rapidan RR., and a first lien between
Charlottesville
and Lynchburg; the third series is a third lien between
Alexandria and
Gordonsville. including AVarrenton Branch and lease of Charlottesville
A Rapidan RR., and a second lien between
Charlottesville and Lynch¬
burg ; the fourth series is a fourth lien between Alexandria aud Gordonsville, including Warrenton Branch and lease of Charlottesville A ltapidan
RR., and a third lien between Charlottesville and
Lynchburg; the fifth
series is a first Hen between Manassas Junction and
Ilarrissonbiirg, in¬
cluding Front Royal Branch and lease of read from Strasburg to Harriesonburg to the B. A O. RR , and a fifth lien between Alexandria and
Gordonsville. including Warrenton Branch and lease of Charlottesville
& Rapidan RR., and a fourth lien between Charlottesville and
Lynohburg; the sixth series is a first lien between
Lynchburg
and
Dauville.,
including Pittsville Branch and lease of Franklin A Pittsylvania RR.,
and a sixth Hen on lease of Charlottesville &
Rapidan Railroad. The
$4,000,000 income-bonds lire issued to retire 1st and 2d preferred stock,
every 10 shares of preferred to be ent itled to exchange for 10 shares oi
common and a $1,000 income bond.
The company will issue additional
common
stock, making the total $6,000,000, and from
anv
surplus
stock (fitter above exchange is made) each
present shareholder will re¬
ceive one additional share. Earnings for lour
years were as follows:
Miles.
Gross earnings. Operat’g exo’ses. Net-earn’gs.
359
$1,026,185
$678,595
$347,590
310
925,044
701,490
223,553
318
954,737
607,655
347,081
1880
354
1,247,576
667,802
579,773
-(V. 30, p. 193, 289, 345, 520; V. 31, p. 306, 430, 673; V. 32, p. 6,71,
92; V. 33, p. 256, 275, 624.-)
Virginia A Truckec.—Reno, Nev., to Virginia, Nev., 52 miles; branch
Hne, Silver Junction to Silver City, 2 miles: total-, 54 miles. Road
opened November, 1869. The bonds are payable $100,000 per year at
option of company. Gross earnings in 1880 were $1,124,300; net,
$449,746; dividend payments, $180,000; per cent not stated. D. 0.
Mills, President, San Francisco. (V. 32, p. 687.)
Wabash St. Louis A Pacific.—& consolidation of the Wabash
Railway
with the St. Louis Kansas City & Northern, November
1,1879. (See
30, p. 118).
Dec. 31,1880
Main Hne—
mileage
was as
Toledo, O., to Kansas City,
Branches—
Decatur to Quincy,
Bluffs to Hannibal
follows
Miles.
Mo. 711
HI
151
50
Clayton, Ill., to Keokuk, la...
Edwardsv.. HI., to E. Cross’g
Ferguson, Mo., to St. Louis...
36
10
11
Salisbury, Mo.,to Glasgow,Mor 15
Brunswick,Mo.,to CouncH Bl. 224
Mobery, Mo., to Ottumwa, la. 131
Roseberry,Mo.,to Clarinda,Ia22
Urbana, Ill, to Havana, HI... 100
White Heath to Dec atur, HI..
State L.,Ind.,toBnrlington,la,
La Harpe, Ill., to Warsaw
31
215
Keokuk, la., to Van Wert
148
Of this, 1,176 miles
are
on
32
Centreville to Albia
Mile*.
26
Mayeville to Pittsfield, 111....
Total owned
Lines leased—
6
1,919
Chicago to Altamont, HI
Streator, Ill., to Streator June.
Shumway to Ellingham, Ill...
Quincy, Mo., to Milan, Mo—
214
Logansp’t, Ind., to Butler,Ind.
93
22
Centralia to Columbia, Mo
St. Joseph to N. Lexington,Mo
Total leased
Total operated, Deo.
the Eastern
41
9
105
76
560
31,1880.2,479
Division, 882 miles ou the
Western Division and 421 miles on the Peoria Division.
In July, 1881, the Peoria Pekin A Jacksonville, 83
miles, the Indianap.
Feru & Chicago, 161 miles, and the
Springfield A Northwestern, 47
miles, were reported as sold to this company. Butler & Detroit Hno wasopened July 6. On Sept- 28,1881. the stockholders confirmed the pur-
RAILROAD
18S1.J
December,
STOCKS
AND
BONDS?
Ivii
Subscribers will confer a great fhvor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
Miles
explanation of column headings, Ac., see notes
For
first page
on
of tables.
of
Road. Bouds.
Wabash, St. Loins <6 Pacific—( Continued.) —
lfd-inort., gold, Detroit Division
1st iuort., gold. Indianapolis Division
1st mort., gold Iowa Division
Wabash, 1st mort. (Toledo A Illinois)
1st inert. (Lake Erie, Wab. <fe St. L.)
1st mort. (Great Western of 1850)
do
1st mort. (Quincy A Toledo)
do
1st mort. (Illinois k Southern Iowa)
do
2d mortgage (Toledo & Wabash)
do
2d mortgage (Wabash A Wes tend
do
2d mortgage (Great West, of 1859)
do
112
Consol. M., (on all but Dec. & E St.L.)..
1st mort., (Decatur & E. St. Louis)
do
do
do
do
do
Funded debt bds (see.by dep'sit of coups.)
Mort., gold, sink. fd. $25,UOOiatter '82..
$2,052,000
1,00»
143
1881
1,000
75
167
180
33
29
75
107
180
490
109
2,0' w >,000
2,269,000
1853
1,000
1,000
1,000
1,000
1,000
-
•
1853
1863
1865
1802
1853
1858
1865
1807
1809
1877
•
do
real estate k railway 2d mort
do 1st & 2d iM.onSt. Ciiar. Kridge,ontip.or rg
do 1st r.f., Omaha i)iv., gld.s. f.. ooop.or rg
do 1st mort.. *old, Clarinda Branch
354
Toledo Peoria A West., 1st mortgjige
do
1st pref. income, eonv., int. guar..
do
2d pref. income bonds
237
Qdinoy Mo & Pacific., 1st iwort., gold (int. guar.).
102
83
49
18
18
18
1879
1877
1379
1805
1874
1878
....
146
22
,
,
.
,
.
12
128
1,000
500 Ac
1,000
2,940,357
1,400,000
1,000
1.000
1,000
1,000
1.000
1,000
1,000
....
....
....
60
....
an
Chicago Burlington A Quincy, due west to a point of Junction with the
opening almost an air-1 me from Toledo and De¬
troit to Council Bluffs and Omaha, connecting with the Union Pacific.”
Preferred stock has a prior right t> 7 per cent inon-ouinulative); then
common to 7; then bote share in any surplus.
The annual report for 1880 was published in the Chronicle, V. 32, p.
Omaha Division, thus
An abstract is
as
follows:
.
-1879.
1880.
Number of tons hauled
4,533.1^7
3,505,391
Number of tons hauled one mile
792,422,732
1,105,783,399
Average rate per ton per mile
00*-62 cts.
00*724 cts.
Number of passengers carried
1,992,763
1,421,059
No of passengers carried one mile..
80, <29,169
9",774,576
**‘2*614 cts.
Average rate per passenger per mile
02*398 cts.
* The statistics for 1879 are for the Wabash and St. Louis Kansas City
k Northern railways
proper, no figures for 1879 of lines acquired in
1880 having been ascertains 1.
COMPARATIVE STATEMENT OF EARNINGS.
Freight
Passenger
Mai,s
1*79*
1880.
$3,476,275
2,168,349
$9,532,334
2,344.451
21 o,207
221,076
170,918
92,3 **7
286.430
43.818
$9,1-4,130
$
t
$l*Zt42ft(lll
$7,787,348
68*09
62*65
1,655
$5,512
1,942
Express
Miscellaneous
Operating
expenses
Operation cost
Average number of mi es operated
Average earnings per mile
°.
*
.
Includes the earnings for
$6,398
the corresponding periods of 1879 of lines
operated in that year acquired in 1880.
1 The operating expenses for ’79 of lines acquired in ’80 not ascertained.
INCOME AOOODNT.
The
earnings for the year ending Dec. 31, 1880, were
Add received for rent of trucks, Ac
$1
The operating expenses were (02 per cent)
.Not
.1
Appropriated
Interest
Rentals
Taxes, rent of
as
$12,428,ill
33.601
__
161,713
7,787,348
$1,674,364
follows:
$2,657,359
cars
-614,563-$3,655,134
Leaving surplus for the year over fixed charges
$1,019,180
Tlw, rentals of the Western Division on leased roads include 7
per cent,
$322,500 bonds of 8t. Lo >is A Cedar Rapids Railroad; 7 per oent on
$3.7.700 bonds of &t. Louis Council Bluffs & Omaha; 7 per cent on
$lr4.000 of Brunswick A ChUUcotho; 7 on $100,000 Boone Co. A B ;
7 on $357,000 St. Louis & 8t
Joseph; and 7 percent on Kansas City
Bridge and the Union Depot,St. Louis. $7;5,000.
on
OONDENSED BALANCE SHEET DEC.
r.
.
■
31, 1880.
Dr.
.
Cost of road,
equipment, Ac
oundry securities on hand
Supplies on hand
Barney k binith Manufacturing Go., cost of cars
Expenditures for construction and equipment *
,,
Common stock
Preferred stock
Or.
Total capital stock
Bonded debt
Bills payable
Balances, consisting of audited vouchers, interest accrued
but not due,
taxes, Ac
income account since Jan. 1,1880
~T,T
uem mort. bonds
n
too St.
$334)23,952
286,119
873,875
146,250
2,970.27*
$88,200,475
$^ 1,614,500
20.153.000
$12,067,500
42,094.*58
336,702
2,682,233
1,«*19,180
$'8,200,475
havo sinoe been sold to provide for this expenditure.
•8toott of the new company was issued for preferred stock ot
Lotus Kansas City A Northern, and far one-half of Wabash stock;
of new
company was issued for the 8t. Louis Kansas City
Northern oomroon and for one-half of Wabash stork. The Trustees of
jne general
mortgage for $50,000,000 are the Central Trust Co. of N. Y.
Jamos Cheney of Indian;*. It provides for
taking up all the old
j
«
6
0
0
7
7
7
7
7
7
7
7
7
7
6 &
7
7
7
7
7
& J.
N. Y.f Co.’s Agency*
July 1, 1981
k D.
do
do
Jan. 1, 1921
& 8.
do
do
Mar. 1, 1921
k A. N. Y., Metropolitan B’k. Aug. 1, 1890
k A.
do
do
Aug. 1, 1890
k A.
do
do
Aug.. 1888
k N.
do
do
Nov. 1, 1890
k A.
do
do
Aug. 1, 1882
k N
do
do
May 1, 1893
k N.
do
do
May 1, 1878
k N.
do
do
May 1. 1893
do
do
Q.-F.
Feb., 1907
F. k A.
do
do
Aug., 1889
F. k A.
do
do
Feb. 1, 1907
A. A O.
do
do
April L, 1909
J. A J.
do
do
Jau., *81 A *82
J. A D.
do
do
June 1, 1909
A. A J. N.Y., Nut Bkof Com’rct*
July 1, 1895
M. A S.
do
do
Sept. 1. 1895
A. A O.
do
do
190:4-1908
A. A ().
do
do
April 1. 1919
F. A A.
do
do
Aug. 1, 1919
tio
do
Oct. 1, 1917
1875-69
It.
fr
45
7
g.
g.
7 g.
0 g*
7
4
1,000,000
925,000
1,000,000
750,000
1,800,000
750,000
0 S7
884.000
540,000
1,359,750
7
7
7
0
4
313.500
6
600,000
Where
Payable, and by
Whom.
Stocks—Last
Dividend.
,T.
J.
M.
F.
F.
F.
M.
F.
M.
M.
M.
....
J. A J. N-Y-jMetropcliFn N.Bk
A J. N. V., Iiun. A Trail. B’k
J. A J. Boston, Bust.A Alb, RR.
A. A O. N.Y., Del., L. A W. RR.
J.
3^
35»
A. A O.
M.
M.
J.
F.
& H.
A N.
A D.
A A.
M. A 9.
Oct.
1, 1909
July 1, 1894
Jau. 6, 1882
Oct.. )K81
do
do
do
April 1, 1900
do
March 1, 1905
N. Y., Kountzo Bros.
Baltimore. Balt. A O.RR.
1903
Pnila.. Pa.KR.Co. Office Oet, 15, 1881
<h>
do
M>h. 1883
bonds ns they mature, or by exchange at any tinio the holders offer
them, and reserves $33,000,000 for that purpose; and the bonds so taken
up are not canceled ‘mt remain in the hands of the trustees as the prop¬
erty of the trust. Then $6,000,000 are assigned for equipment ana per¬
manent improvements, aud the balance of $11,000,000 for the acquisi¬
tion of new roods, <vc.
All the roads owned and all the right and title to
roads leased and controlled are covered by the mortgage deed.
The
mortgage may be foreclosed after six months* default of interest, It a
majority in value of all the bondholders so request the trustees. First
mortgage on Sr. Charles Bridge is for $1,000,000, and is 6 per oent now,
running absolutely till 1908. The mortgage on Iowa Division was
given in place of the Mo. Iowa & Nebraska mortgage bonds. The mort¬
gage on the Indianapolis Division is subject to $276,000 prior bon Is.
The Toledo Peoria A War. company made default Doc., 1873, and was
operated by a Receiver until sold m foreclosure on Jan. 20, 1880. It
was purchased by a oommittee of bondholders for $0,000,000, and re¬
organized as Toledo Peoria k Western. This company made a lease for
tho term of its oharter to tho Wabash St.
Louis, k Pacific
on
terms
That the Wabash Pacific guarantee 7 per cent
on
as
the
f4,500,000
he $2,900,000
bonds toof betheguaranteed
Toledo Peoria
Western.
first mortgage
income bonds
at 4A per
cent
and to be convertible at par for Wabash St, Ixiuis k Pacific preferred
stock. The $1,000,000 second preferre d income bonds are also convert¬
ible into Wabash preferred stock, share for share. Tho stock of the
Toledo Peorin & Warsaw was scaled 25 per cent common. 30 per cent
second preferred anil 50 per cent- first preferred, each shareholder
receiving this amount in
new stock of the, Toledo Peoria A Western
The Toledo Peoria & Western stock ($3,OoO.oOO) is changed into
Wabash common stock, three shares for one. (V. 30, i>. 118, 170, 249,
264, 358, 409. 434. 494. 520. 568; V. 31, p. 81, 70, 124. 151, 171, 216.
stock.
229, 239. 240, 259. 301. 330. 381. 38^. 397,429,445.453,485.636,
551. 673; V. 32, p. 71, 289, 310, 3 6, 386, 43 -. 454, 613. 685) V. 33, p.
48, 75. 93, 126, 2.-2, 224, 256, 305, 387, 469, 528, «4l, 687.)
Ware River.—-Palmer, Mass., to Winohendon, Mass., 49 miles. It is
leased for 990 years to tho Boston k Albany Railroad at a rental of 7
pei* cent per annum. I. A. Rumrill, President, Bpringfleld, Mass.
Warren, N. J.-~Line of road, New Flarapton Junction to Delaware
Bridge, N. J., 184 miles. Tbo road is leased to Delaware Lackawanna
Western at 7 per oent on stock and bonds. Gross earnings, 1870,
$1 0,0-40; net earnings, $313,198; interest paid, $92,608; dividends,
$126,000. (V. 32, p. 611.)
Wasatch & Jordan Vallcif.—Brigham City, U. T., to Alta City, U. T..
44 miles.
In 1878 the Brigham Canon k Camp Floyd was merged
In tills, and it is stated that there are mortgages prior to tho above.
For three years* 1876-7-8, the avorago net earnings were $131,180
per annum. Stock is $1,100,000. C. M. Scofield, President, N. Y. City.
&
Point LoolcoxU.—Hyattsvillc, Md.t to Shepherd,
Washington Oita c6
Md.. 13 miles. Tins road was opened in 1873. It is leased to the Balti¬
k Ohio for $36,000 gold per annum. The stock paid in is
more
$1,000,009.
Same officers as Baltimore k Ohio Railroad.
West Jersey.—’Shun
483,255
and miscellaneous
Payable
4,500,000
2,900,000
follows, viz.:
FREIGHT AND PASSENGER TRAFFIC.
When
Cent.
2,350.009
264,000
500 krx-
chase of Cairo & Vincennes railroad, the Danville A Southwestern, and
the St. Louis Bridge, and the total ml eage, Got., 1881, was reported at
3,257. (See V. 33, p. 126.)
Tbo President’s report in February, 1881, said: “An extension of
out Eel River line, front Butler to Detroit, will be oomplcted early
in the spring (opened July 6, 1881,1 which will bring our road to that
important point, where, by a favorable traffic arrangement, oar line will
eonuect with the Great Western of Canada, aud by way of that ro;td
with Buffalo and the East. An extension of the Peoria Division via the
Wissonri Iowa A Nebraska through Southern I«»wa, reaches Hiimest* n,
from which point the road is in process of construction, jointly with the
310.
6,000,000
Bonds—Princi¬
pal,When Due*
Rate per
3,00< 1,000
1,383,500 0 &7
IKK) Ac.
100
100
....
1873
611,000
500,000
....
1.000
1,000
....
500, OOO
300,000
1,000,000
1.500,000
2,500,000
2,610,000
2,700,000
1879
1855
1870
1875
2,496,000
1,000
1,000
....
900,000
2,500.000
250 Ao.
100 k<5.
1879
1880
l-8<»
1880
1879
186-4
(
^
(guaranteed)
Outstanding
$1,000
GOO
50
354
Warren (N.J.)—Stock
2d mortgage
1st consol, mortgage
Wasatch <£• Jordan Valley -Gold bonds
Washington City <& Pt. Lookout—1st M. bonds, gold
West Jet'se u—S lock
Loan of 1889. guaranteed bv Hamden V Amhnv
Amount
Par
Value.
18*1
1881
....
Peoria Pekin & Jacksonville, 1st mortgage
INTEREST OR DIVIDENDS.
Size, or
87
•
Beney mortgage
Hannibal A Naples, 1st mortgage
bt. L. K. C. ANo., 1st mort. (North Missouri)
Ifore Ri per—Stock
Date
of
miles;
lino—Camden to Cape May and Bridgeton, 111
leased lines. 27 miles; total, 128 miles operated. Tho
oompony
holds ns assets $68",000 of various stocks and
in 1S83 are rodiioed by purchaso and bonds of
bonds. Tho bonds due
1909 increased accord¬
ingly. In 1880 the rentals of Swedesboro RR. and Salem ltR. were $37,514 more than their net earnings; the net profits over int. and rentals
on
entire line were $62,925.
Oj>erations for three years past
Passenger
Mileage.
Freight (ton)
Mileage.
Earnings.
1878
15,386,015
lc,674,lo9
25,372,305
3,624,708
5,217,286
5,557,065
$541,678
1879
1880
Gross
586,1V 8
758,690
were:
Net
Earnings*.
$202,985
258.812
275,661
-(V. 3u, p. 431 j V. 32, p. 366 ; V 33, p, 256.)
West Jersct <fi AlLinLc.—Newtield. N. J.. to Atlantic City. N. J.. 84
miles. Opened June 17,188and oporated by West Jersey Railroad
on a Joint traffic agreement and 25 per cent of gross receipts on West
Jersey from traffic of this road to bo applied as sinking fund for bonds.
Stock is $500,000.
Western Alabama.- -Line of read—Selma to Opelika, Ala., 116 miles
branches, Opelika to West Point, 22 miles, and Opelika to Columbus, 29
miles; total, 167 miles. Was a consolidation in 1870 of Montgomery A
West Point and Western of Alabama. Bold May 10, 1875, in foreclosure
and purchased
jointly
by the Georgia Railroad and Central Railroad of
Georgia. Tne old stock and income bonds were wiped out in tho fore¬
closure, and the property is represented by tho bonded debt and $361,005
due each of the above companies. There are also $45,060 seoond mort¬
gage 8s of Montgomery k West Point RR. duo May 1,1888. Tho gross
ana net earnings have been as follows:
Net
Gross
Bonded
Interest.
Earnings.
Earnings.
—(V. 3u, p.
$491,458
467,397
54-4,107
579,492
542j
$121,088
100,624
176,652
183,994
$ 04,240
204,240
204,240
165,00Qr
railroad stocks and
Iviii
Subscribers will confer a
great favor by
on
Size, or
Road. Bonds
Par
Value.
1
1866
$500Ac.
1869
1879
1880
1868
1870
1873
1858
1858
1867
1867
1868
1870
1872
1880
1877
1877
500 Ac.
1863
1865
500 Ac.
100 Ac.
1879
1,000
38
1st mortgage loan
do
consolidated
Consolidated mortgage
West Jersey A Atlantic—1st mortgage
Western (Ala.)—Western RR. bonds, before
1st
consol..
2d mort..guar. by Cent, of Ga.and Ga. RR. AB.Co.
mortgage, unendorsed
Date
of
of
West Jersey—( Continued)—
1st
Balt. City..
63
128
46
44
160
138
90
90
90
90
90
90
90
500 Ac.
1,000
1
-
-
.
1,000
500
100
500
500
500
500
500
500
Ac.
Ae.
Ae.
Ac.
Ac.
Ac.
Ac.
Ae.
Amount'
Outstanding
’
..
preferred mortgage, unendorsed
3d mortgage, endorsed by Baltimore
4th
do
endorsed by Baltin 'ore
Funded coupons
Western Minnesota—1st mortgage
Land
60
grant bonds
130
57
28
Western North, Carolina—1st mortgage
Western Pennsylvania—1st mortgage
1st mortgage,
Pittsburg Branch
General mortgage
White Water— Stock
gold
Columbia A Augusta—Stock
1880
New mortgage
179
179
ioo
118877--9900.
500,000
600,000
1,158,000
690,000
200,000
400,000
300,000
300,000
600,000
875,000
1,000,000
530,250
500,000
560,000
850,000
800,000
1,000,000
1,200.000
Sinking fund bonds,
gold
Wisconsin Central—Consol,
mort., land grant, pref.
Nashua—Stock
Bonds, mortgage
Bonds, mortgage
Bonds, mortgage
Nashua <sc
do
326
326
326
46
1880
3 880
1880
1873
1875
*
Rochester—Stock
do
1,600.000
1,456,200
648,700
749,000
income
Worcester A
1,300.000
15,000 p. m.
221,400
do
do
1st m., guar, (for $700,0001
48
48
•
-
•
ioo
100 Ac.
500 A<.
LOOOAc.
.
1874
•
..
500 AC.
Payable, and by
pal,When Due.
Stocks Last
Pa.RRCo.Offlce.
Jan., 1896
Whom.
Payable
400,000
3,800,000
5,700,000
J.
A.
M.
M.
A.
A.
6
7
6
6
8
8
10
6
6
6
6
6
6
6
6
7
7
7
6
6
7
341,500
■
V.
Where
When
Dividend.
!
960,000
Wilmington A Weldon—Stock
Sterling bonds....
1st series
2d series,
1,000
62
($325,000 of it pref.)
Wheeling A Lake Erie— 1st mortgage,
Wilmington
1,000
Rata per
Cent.
$1,000,000
1,000,000
187-90 118877909-.0
2d
endorsed by Baltimore
endorsed by Washington County
do
do
2d
2d
discovered In these Tables.
Bonds—Prinff.
siring immediate notice of any error
Mil*
of column headings, Ac., see notes
first page of tables.
Western A Atlantic (Qu)—Income bonds
Western Maryland—1st mort., endorsed
[Vol. XXXIII.
INTERE8T OR DIVIDENDS.
DESCRIPTION.
For explanation
bonds.
6
3
7
3
6
7
7
5
2 to
2 to
250.000
400,000
Oct. 1.
Oct. 1.
Oct. ’79
Jan. 1,
1888
1890
to ’91
1890
Jan. 1, 1890
Jan.,
Jan.,
Jan.,
Jan.,
1895
1895
1895
1900
Jan., 1902
1890
do
May l, 1890
A. A O.
J. A J.
A. A O.
g.
g.
g.
g.
M.
J.
J.
J.
J.
M.
J.
A N.
Philadelphia, Penn. RR. April 1, 1893
do
do
J.
J.
J.
5
7
Jan.
Oct.
do
do
*■
Y., Co.’s Agency.
N.
& J.
A
A
A
A
I>.
D.
Balt., Safe Deposit Co.
J.
London.
do
N.
A J.
N.Y.,Bost.,Lond.,Frank
Boston.
....
l, 1896
1, 1901
Nov. 1, 1909
Jan. 14,1882
Juue, 1910
Jan. 10, 1882
1881
1886
1896
.
5 p. ct. yearly
do
A J.
A J.
A J
do
July 1, 1831
Worcester, Office.
do
do
May 1, 1887
Various
A. A O. Dost., Globe Nat. Bank. April 1, 1893
Feb. 1, 1895
do
do
F. A A.
Oct. 1, 1831
Worcester. Office.
A. A 0.
April 1, 1894
A. A 0. Bost., Globe Nat. Bank.
5
700,000
-
Oct.. 1899
Nov., 1909
Sept. 1, 1910
M. A N. N. Y., Northern Pacific.
do
do
M. A N.
1*2
1,305,800
| Atlanta, Co.’s Office.
J. Balt., N. Mechanics’ B’k
do
do
J.
do
do
J.
J.
Hagerstown, Md.
J. Balt.,N. Mechanics’ B’k
do
do
J.
do
do
J.
A
A
A
A
A
A
A
do
5
5
5
275,000
do
do
A O.
do
do
A N.
A 8. Phila., Fidelity I. T. Co.
A O. New York A Savannah.
A 0. j
do
do
Q-J.
J.
J.
J.
J.
J.
J.
J.
1*2
1,789,800
A J. Phila.,
Years.
Gross Eam’gs. Net Earn’gs.
Chattanooga, Tenn., 138 miles.
$478,309
delicit. $8,010
State of Georgia and opened in 1850, and by an act of October
547,440
145,423
24,1870, was leased to a company for twenty years at a monthly rental
640,956
135,917
of $25,000.
In 1877 gross earnings were reported at $1,091,895, and
Road was sold in foreclosure, October, 1879, for $360,500, and re¬
net, $460,905. None later given. (V. 29, p. 489; V. 32,184.)
organization is in progress. The scheme of reorganization (which was
Western Maryland—Line of road—Baltimore to Williamsport, Md., 90 carried out) provided that a new corporation should be created, with a
miles. The capital stock is $682,250. The company was largely assisted capital stock of $960,000 and $1,600,000 in thirty-year first mortgage
by the city of Baltimore, and was unable to pay all its interest. A com¬ bonds. The holder of $2,000 of the old ootids, together with the certifi¬
promise was made with the preferred second mortgage bondholders for cates for funded interest, received a $1,000 bond of the new company,
funding coupons. See Chronicle, Yol. 29, p. 458, where the annual re¬ and in addition six snares of stock. The plan adopted provided only for
port for 1879 was published, which contained the following information: the first mortgage bondholders, and cutoff income bonds, $600,000;
During the year an amicable adjustment has been made with the pre¬ certificates of debt, $336,000; floating debt. $879,022, and the capital
ferred 2d mortgage bondholders, by the adoption of a mutually satisfac¬ stock of the old company, $300,000. (V. 29, p. 351; V. 30, p. 84, 190;
tory funding scheme. Under this arrangement, the overdue coupons upon Y. 31, p. 587; V. 33, p. 6S6.)
$390,000 of the $421,500 of these bonds held by individuals have been
Wilmington A Weldon— Road extends from Wilmington to Weldon,
funded, and it is expected the balance, principally held in Carroll N. C., 163 miles; branch to Tarboro, 17 miles; total, 180miles. Was leased
Jan.
company
has
county, will be funded by
l,tlie time at which the
November, 1872, to Wilmington Columbia A Augusta Railroad for 09
agreed to resume the payment of interest upon all such bonds represent, years. The lessees made default December, 1877, and the lease was sur¬
ed in the funding certificates. The finance commissioners of Baltimore rendered April 13,1878. For three years, 1879-81, 3 per cent yearly
city have funded $113,475 first mortgage and $112,455 preferred dividends were paid. The earnings and expenses for live years have
second mortgage coupons. The old funding certificates for $177,596 of been as follows:
first and preferred second mortgage coupons issued in 1870, and bearing
Years.
Gross Eam’gs. Net Eam’ge.
8 per cent interest, fall due July1,4880. A number of the principal hold¬
18-6-7
$156,903
$548,462
ers of these have been consulted, and all seem willing to renew at maturity
488,448
17G.277
at 6 per cent.
(Carried out thus in 1880.) The arrearage of interest
;
505,978
175,693
due the city on the $72,000 first mortgage coupons, purchased in 1874,
603,175
221,693
will be provided for by installments as early as practicable. Once able
750,916
303,833
to pay the mterst upon its first and preferred second mortgage bonds and
funding certificates, with the arrears above mentioned disposed of, all the -(V. 30, p.191; V. 31, p. 587; V. 33, p. G85.)
other bonds being endorsed by Baltimore city and Washington county,
Dec. 31, 1880, owned main line and branches
Wisconsin Central
the company will be relieved of tlie expensive litigations,and the uncer¬ Stevens Point to Menasha, 64 miles; do. to Ashland, 186 mile*; d_o. to
tainties which have harassed it from its inception to the present time,
Portage City, 70 miles; branches, 7 miles; total owned, 327 miles.
and the day for such a condition can no longer be remote.”
Leased, Milwaukee A Northern road, 124 miles, and Milwaukee to
The Baltimore A Hanover RR. was completed to its connection with
Schwartzburg. 9 miles. Total operated, 460 miles. Road finished in
this road in 1880. The operations for five years have been as follows, 1876. A foreclosure suit was begun in September, 1878, ana in January,
but in 1878-79 the construction account was closed and all expenses
1879, tlie road was taken possession of by the trustees, for bondholders,
charged to operating expenses, on which basis net earnings have since who still operate it. There is a valuable land-giant* of over 800,000
been relatively decreased.
acres. The full planof reorganization (now practically accomplished) was
Net
Gross
Freight
Passenger
Earning?. given in the Chronicle, V. 29, p. 303. This embraced the issue of anew
Mileage.
Earnings.
Mileage.
$96,346 consolidated mortgage to cover $-100,000 5 per cent preferred bonds;
4,631,932
$311,902,
1875-76
6,737,061
112,145 $3,800,000 first series bonds, bearing 2 per cent for three years from
1876 77
6,582,241
4,692,089
332,086
129,927 July 1, 1880, and 5 per cent afterward; and $5,700,000 second series
T377-78
T577-78
7,411,061
5,180,982
347,202
73,095 bonds, to draw interest if earned (but not cumulative), 2 per cent for
347,442
5,469,519
8,502,388
88,278 three years, and 7 per cent thereafter. Interest on the second series is
6,645,328
397,564
10,705,925
payable J. and J., but dependent each time on tlie net earnings of the
-(V. 28, p. 97, 121, 147, 454; Y. 29, p. 458, 671.)
half year ending six months before. The stock of $11,500,000 remains,
Western Minnesota.—Sauk Rapids, Minn., to Brainerd, Minn., 61 $2,000,000 of it preferred and $9,500,000 common, and is all deposited
miles.
Road opened Nov. 1, 1877.
Leased to the Northern Pacific in trust with Stewart and Abbott, Trustees, to be voted on until all interest
Railroad May 1, 1878, for 99 years. Stock, $800,800. Last dividend is being earned and paid on new bonds, and in the judgment of the trus¬
July 1, 1S81, 3 per cent. The land grant is 537,842 acres. George L. tees is likely to he earned. Certificates for new stock have been issued
to the old stockholders, which pass as a delivery on sales. Annual report,
Becker, President, St. Paul, Minn. (V. 31, p. 430.)
V. 30, p. 599. For four years past the earnings, &c., were as follows:
Western North Ca rclum.-Poml as projected—Salisbury, N. C., to
Passenger
Freight (ton)
Gross
Net
Paint Rock, Tenn. State line, 184 miles; in operation—Salisbury, N. C.,
Years.
Milos.
Mileage.
Mileage.
Earnings.
Earnings.
to Swannauoa, N. C., 127 miles; braueb line—Newton Junction, N. C., to
5,889,367
22,984,236
$10S.964
$718,743
Newton, N. C., 3 miles; total projected, 184 miles, and operated, 130 1876-7.. 449
1878
449 '
5,661,975
733,819 , 122,863
23,225,583
miles. The road was financially embarrassed, and was purchased April
851,090
193,090
455
6.385,319
30,920,076
17, 1875, by commissioners for the State of North Carolina. It is pro460
8,746,766
41,550,720
265,748
1,146,352
J. W. Wilson, President, Morgantown, N. C. (V. 30, p. 249 ; V. 32, -(V. 30, p. 249, 598; V. 31. p. 196, 205, 431, 536; V. 32, p. 124,
00; V. 33, p. 346, 385, 580.)
207, 579, 634; V. 33, p. 491, 580.)
Western Pennsylvania.—The road runs from Blairsvilie to Alleghany
Worcester A Nashua.—Sept. 30,1880, owned from Worcester to Nashua,
City, Pa., 63^ miles; branch to Butler, Pa., 21 miles; total, 84*3miles- 46 miles; leased, Nashua A Rochester, 48 miles; total operated,
Completed in 1865 and branch in 1870. Leased to Pennsylvania Rail¬ 94 miles. Paid regular dividends of 10 per cent for some years
road, the lessees paying net earnings to lessors. The Pennsylvania Rail¬ before 1874-5. In 1875-6 the leased line charges (Nashua A Rochester, 48
road, lessee, owns $993,050 stock out of the total amount of $1,022,450, miles) first appear in the accounts, and the Worcester & Nashua paid
$288,000 of branch bonds, and all of $1,200,000 general mortgage ouly 5Li per cent dividends in that year and nothing since. The rental
Nonds. In 1878 gross earnings were $547,175 and net earnings $231,175. charge being plainly too heavy, an agreement was made in 1879 to
reduce the interest on bonds to'5 per cent, and the dividends on Nashua
While Water— Harrison, O., to Hagerstown, Ind., 62 miles. This was
A Rochester stock to 3 per cent per annum. The interest on Worcester
ormerly the White Water Valley, sold in foreclosure May 2,1878, and A Nashua bonds was also reduced to 5 per cent, and surplus earnings in
eorganized under this title. Net earnings in 1878, $17,645; in 1879,
any year above requirements for interest and 3 per cent on each stock
$14,099; in 1880, $210. Elijah Smith, President, Boston, Mass.
are to be apportioned between the stock of each company according to
Wheeling A Lake Erie—Road under construction—Wheeling. W. Va., the relative number of shares. In addition to above there are $37,000
to Toledo, O., 200 miles, and branch, Norwalk to Sandusky, O., 21 5 per cent W. A N. bonds. Five years’ operations were as follows :
Net
miles. Bonds offered in New York, July, 1380 by N. Y. New England A
Gross
Freight
Western A
Atlantic— Atlanta, Ga., to
Built by
.
44
.
—
Sed to complete the road to the Tennessee State line. Stock, $1,400,.
Western Investment Co.
Wilmington Columbia A Augusta— The road extends from Wilmington
N. C., to Columbia, S. C., 189 miles. In 1880-81 there was expended
$42,000 out of earnings for locomotives. Paid 3 per cent dividends for
1880 and 1881. Eatnings have been:
Yeats.
1876-7
1877-8
Gross Eam’gs.
$518,225
509,699
Net Eam’gs.
$87,630
9S,659
Years.
1876-7....
1877-8....
1878-9....
..
.'.
Miles,
94
94
94
94
94
Passenger
Mileage.
6,383,990
5,703,761
6,168,871
6,784,960
7,229,999
Mileage.
10,063,658
9,961,740
12,123,444
14,995,020
16,133,062
—(Y. 27, p. 537; V. 2S, p. 378 ; V. 29, p.
Earnings.
$4447,239
473,240
473,081
553,592
86, 539; V. 33, p.
Earnings.
$157,260
168,354
-
165,495
167,033
580.)
Subscriber* will confer a great
first page
liXr
BONDS.
discovered In these Tables.
favor by giving Immediate notice of any error
DESCRIPTION.
on
STOCKS AND
CANAL
1S81 j
December,
of tables.
Bonds—Prinei
INTEREST OR DIVIDENDS.
Miles Date
of
of
Canal. Bonds
Size, or
Amount
Par
Value.
Outstanding
$....
$1,500,000
Rate per
Cent.
Where
When
pal,When Due.
Payable, and by
Whom.
Payable
Stocks—Last
Dividend.
-
Chesapeake—Stock
Mortgage bonds
Chesapeake d Delaware— Stock
1st mortgage (originally $2,800,000)
Chesapeake d Ohio— Stock
Maryland loan, sinking fund
Albemarle d
•
60
60
148
148
(extended 20 years in 1878)....
Hudson—Stock
Delaware d
registered
do
do
Debenture loan of 1894, coup and reg
1st M., coup. & reg., on Penn. Div. ($10,000,000)
Lehigh Coal d Navigation—Stock
Loan, conv., coup., gold (assumed L. & W. Coal Co)
1st mortgage, registered
1st mortgage, registered, railroad
Mort. loan, g. ($2,810,000 assumed by other co’s.)
1st
mortgage,
Loan, debenture
Loan, debenture
•
148
....
....
....
....
....
....
.
.
.
1856
®
....
Extended, 1877..
....
....
1858
103
103
103
103
Dorris—Stock, consolidated
Preferred stock
New mortgage (for
$1,000,000)
B6at loan
Preferred stock scrip
Pennsylvania—Stock
dividend
....
337
337
108
guar’d by Penn. RR
Schuylkill Navigation—Stock, common
General mortg., interest
Preferred stock
1st mortgage,
2d mortgage
extended
bonds, coup, (payable by P. & R.)
Improvement bonds
Boat and car loan
Boat and car loan
1872
1871
1872
....
....
....
....
Q
O
-(V. 30, p.
674.)
O
....
m
.
675,000
.
.
220,000
103,164
4,501,200
1,000
3;ooo;ooo
50
859,100
3,200,950
1,709,380
3,990,390
1,200,000
228,000
756,650
628,100
2,002,746
1,000,000
1,323,000
227,500
97,810
250,000
....
1,000
1,000
1,000
50
1839
1859
’44-’64
1841-4
1872
....
1,000
500
500
1,000
placed on New York Stock
Marshall Parks, Norfolk, Va.
City to Chesapeake "City, Md.
Division.—Leased to Lehigh Coal & Navigation Co. at interest
bonds and 4 per cent a year on stock, payable till February, 1880, in¬
clusive, in scrip, then till August, 1881, half in scrip. (V. 28, p. 41, 198.)
Dela ware d Hudson.—This company, which is among the largest miners
and carriers of coal, leases the Alb. & Susq. and Rensselaer & Saratoga
railroads. Also endorses bonds of N. Y. & Canada RR. The income
account for 1880 showed net surplus receipts of $1,351,422, against a
6
50c.
j. & J. N. Y., Union Trust Co.
J. <fe D.
Philadelphia, Office.
J.
&
J.
J.
&
J.
J.
F.
J.
F.
J.
J.
A.
M.
&
&
&
&
&
&
&
&
Q-M.
M. &
$030,043 in 1879. The annual
230. Comparative statistics for
report for 1880 was given in
four years:
INCOME ACCOUNT.
1877.
Receipts—
Sales of coal
Canal tolls
Miscellaneous profits
Coal on hand (Dec. 31)
Railroad earnings in Penn.
Mining coal
Coal transportation, <fec...
Canal freight and expenses
Railroad freight, &c
Interest
Taxes and miscellaneous.
Loss on leased railroads...
Balance....,
1880.
$
$
$
$
4,638,872 5,229,266 5,764,477 7,210,524
39,100
41,025
42,810
44,313
28,900
91,408
80,146
93,516
672,785
535,264
727,283
398,219
595,663
561,948
341,781
326,635
312,243
59,591
630,643
6,743.040 6,818,887 7,985,118 8,948,327
$
$
= $
$
698,758
341,036
673,651
535,264
341,036
248,275
Interest on investments...
294,312
Balance
1,147,322
Total
Disbursements—
Coal oh hand Jan. 1
1879.
1878.
2,077,370 2,264,228 3,003,893 3,171,369
488,073
618,252
641,951
596,827
759,349
820,438
933,768
801,306
422,746
830,427
528,532
766,939
1,157,352 1,340,956 1,234,449 1,343,973
534,025
406,883
350,916
366,578
316,059
605,367
498,562
14,642
1,351,429
.
S.
Q-J.
Q-F.
J.
J.
J.
J.
F.
M.
F.
F.
A.
A.
F.
J.
&
&
&
&
&
&
&
&
&
&
&
D.
I>.
I).
D.
A.
S.
A.
A.
O.
O.
A.
& J.
....
do
....
July, 1886
1870
1890
London.
1885
Balt., A. Brown & Sons.
Phila., 303 Walnut st. Aug. 16, 1881
do
do
Julyl. 1898
N. Y., Bk. of Commerce. Dec. 10. 1881
do
1884
do
do
1891
do
1894
New York, Office.
do
do
Sept. 1. 1917
Dec. 3, 1881
Philadelphia, Office.
1894
do
do
1884
do
do
1897
do
do
1897
do
do
do
do
Dec., 1881-*82
1882
do
do
do
do
June 1, 1911
1892
do
do
1833-’84
do
do
Leh. Val. RR. Co., Phila.
Aug. 4, 1881
do
do
do
do
....
J.
J.
M.
M.
M.
& J.
& J.
& N.
& N.
& N.
6
J.
6
J.
J.
J.
& J.
& J.
& J.
& J.
& J.
M. & N
do
Aug. 4, 1881
April 1, 1906
Oot., 1885
Feb., 1889
do
do
do
Phila., 233 So. 4tli St.
Philadelphia, Office.
Q. -M.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
July, 1910
Aug. 1, 1880
Aug. 1, 1880
March, 1897
1882 to 1907
1895
May, 1880
May, 1913
May, 1915
Phila. and Baltimore.
J.
Jan., 18851
Jan. 1, 19l8
Jan., 1894
Jan., 1894
Jan., 1902
do
do
do
do
Philadelphia, Office.
May 1,1883
68, 320, 513, 5S9; V. 31, p. 44,122, 259, 357; V. 32, p. 98.155,
230,
526.)
Lehigh Coal d Navigation.—The Central Railroad of New Jersey
(in purchase of equipment) $2,310,000 of the gold loan due
1897, and leases the Lehigh & Susquehanna Railroad. The Lehigh &
Wilkesbarre Coal Company assumes $500,000 of the gold loan due 1897,
and $771,000 (all) of the convertible gold loan due 1894. There is also
a 1st Greenwood mortgage of $140.000,'due Oct. 1,1882.
The Board
of Managers’ report for the years 1879 and 1880 has the followinar state¬
ment of receipts and disbursements:
assumes
receiits.
on
deficit of
V. 32, p.
J.
A.
J.
A.
J.
J.
O.
S.
6
6
6
6
6
7
6
6
7
do
July 1, 1909
Balt., A. Brown & Sons.
Q—J.
$1
3,000,000
....
Chesapeake d Ohio—In a suit against the company the Court (January,
1881) declined to appoint a Receiver, but ordered the company to report
at stated times its receipts and payments.
(V. 28, p. 599; V. 32, p. 43.)
Delaware
1,175,000
780,000
50
18C4
6
6
6 g.
6
6
7
7
6
2
5
7
7
7
245,000
1,025,000
1,000
1,000
....
85
Union—1st mortgage
Chesapeake d Delaware.—Delaware
1,000
various.
various.
50
1870
1863
6 g.
41,550
2,470,750
....
1*3
7
7
7
7
2
2,000,000
1,000
1870
6
4,653,000
212,381
1,000
45
pref. bonds, 3d mort
pref., 3d. T. W. priority b’ds..
bonds of 1872,5th mort
Albermarle d Chesapeake — Securities
Exchange list February, 1880. Prest.,
-(See V. 30, p. 248.)
....
1876
1865
1869
....
....
Susquehanna—Stock
Maryland loan, 2d mortgage
Susquehanna Canal, common bonds, 4th mort....
do
do
do
....
6
5
6
11,204,250
771,000
5,381,840
various.
100
100
....
6
4,856,000
5,000,000
1,000
....
7
....
8,229,594
2,000,000
4,375,000
1,699,500
1,633,350
800,000
20,000,000
3,500,000
6,481,000
1000&C.
50
500 &c.
Vnr.
Var.
500 &c.
Var.
Var.
....
....
....
1,993,750
1,000
1,000
1869
1864
1867
1867
....
....
Vario’s
25
100
1869
1871
1874
1877
....
Mortgage
2,078,038
1,000
....
....
Scrip
'sooiooo
50
500 <fcc.
500 &c.
500 «fco.
50
®
....
.
....
1,000
....
339
mortgage...
Consolidated mortgage loan
Greenwood 2d mortgage, reg.
1879
184
Division—Stock, (Conv.into L.C.&N.sl
1st mortgage
•
14
14
184
184
184
Guaranteed s terling loan
Bonds having next preference
Delaware
•
Railroads and
NesquehoningTunnel
Lehigh Canal
Water Powers Lehigh Canal
Delaware Division Canjvl
Net profit on Lehigh Coal
Royalty on coal mined by lessees
Revenue from rents
Profit realized from sales of real estate..
1880.
1879.
$l,157,yOO
51,930
108,666
$828,817
19,755
19,830
47,589
90,176
190,622
1,961
185,626
6,076
3,393
7,737
$1,183,848
$1,609,676
General and legal expenses
Rent and taxes Nesquehoning Valley Railroad..
Rent and taxes Delaware Division Canal
$51,333
138,000
$51,792
97,050
Taxes chargeable to canals
Taxes chargeable to coal and coal lands
Taxes on capital stock
Taxes on landed property and improvements...
1,730
49,179
14,131
12,411
2,568
42,983
22,725
12,876
Miscellaneous receipts
Total
33,728
33,943
5,760
DISBURSEMENTS.
Interest account
118,867
923,958
125,438
932,231
$1,309,612 $1,287,664
Deficit 1879, surplus 1880
$125,763 * $322,011
The President remarked: “ The total revenue for 1880 from all sources
was $1,609,676, showing a gain of $425,827 over 1879.
The decreased
expenses, $21,947, added to this, make a total gain of $147,775 over
the previous year. The production of coal during the year was 554,937
tons of prepared sizes, against 700,761 tons in 1879,—adeorease of 145t824 tons. The profit was $185,626, compared with $190,622 In the pre¬
$79,916 during
We have also
of
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
charged off $55,317, being ten cents per ton on coal rained from the
Assets—
$
$
$
$
property. Our mines have never been in as promising a condition as at
Canal, &c
6,339,210 6,339,210 6,339,210 6,339,210 the present moment. * * * The second instalment of our extended
Railroad and equipment.. 6,209,981 6,190,766 6,220,669 6,414,759 debenture loan matured on the 10th of December, and was promptly
Real estate.
8,622,913 8,643,783 8,795,657 8,846,316 paid. The amount outstanding is now $212,381, maturing one-naif each,
Total..:
6,743,040 6,818,887 7,985,118
8,048,327
Mines and fixtures
2,679,961 2,679,077 2,699,590 2,713,957
Coal-yard, barges, &c
897,287
720,487 746,791
877,784
Lack. & Susquehanna RR. 1,021,153 1,022,293 1,022,293 1,022,938
New York & Canada RR.. 3,597,087 3,597,074 3,597.074 3,597,074
305,991
300,000
Cherry Val. & Sharon RR.
314,871
300,000
535,264
Coal on hand Dec. 31
341,036
672,785
727,283
Advances to leased lines..
385,374
368,773
608,894
439,020
Advances on coal royalties
581,289
617,246
613,181
605,326
Miscellaneous assets
Telegraph, and Car Co....
Supplies on hand
4,438,512 4,295,445 4,480,701 ’’’4,294,706
69,410
1,089,853
69,410
878,000
69,410
958,667
69,409
962,130
1,926,694 2,314,268 3,140,116 3,785,656
587,185 1,208,726
199,660
Total assets
38,714,292 39,610,006 40,981,301 41,041,614
$
Liabilities—
$
$
$
Stock
20,000,000 20,000,000 20,000,000 20,000,000
Bonds
17,010,500 18,333,000 19,837,000 19,837,000
Miscellaneous accounts... 1,703,792 1,277,006 1,144,301 1,003,827
Cash and bids receivable..
Profit and loss
200,786
Profit and loss
38,714,292 39.610,006 40,981,301 41,041,614
These miscellaneous assets include fJO following: Boston Hartford &
Erie 1,400 bonds, $786,727; Jefferson RR. bonds (108), $86,710; Albany
& Susquehanna consols (275), $275,000; Delaware <fe Hudson Canal Co.,
Total liabilities
*
1891 bonds (963), $962,773; sundry assets, $375,881. Stocks as fol¬
lows: 8,540 shares Albany & Susquehanna, $854,000; 8,241 shares
Rensselaer & Saratoga; $822,137 sundry stoeks, $131,477. (Y. 30, p.
.
t
*
vious year. We expended for coal improvement account
the year, and charged off $53,867 for depreciation
same.
1881 and 1882. Tlie floating debt, less cash assets, was about $800,000 at the close of the year. This includes the cost of Delaware
bonds purchased during the past year by agreement
oompany,
and of which we now hold $306,000, bearing 6 per cent interest. The
in
with that
Division
consolidated bonds
company also owns $740,000 of its seven per cent
and 18,900 shares of its own stock.” (V. 28, p. 198,224,
190; Y. 31, p. 122, 454; V. 32, p. 204, 231.)
578; Y. 30, p.
Mon'is.—Leased April, 1871, to Lehigh Valley Railroad for 990
The lessees assume bonds and scrip, and pay 10 per cent per
annum on pref. stock and 4 per cent on consol, stock.
(V. 12, p. 714.)
years.
Pennsylvania.—Worked in interest of Pennsylvania Railroad, which,
bonds. An old mort. of $90,000 is due in 1887
Earnings in ’80, $368,769; net, $190,943; interest, taxes, <kc., $192,513
guarantees interest on
1,1870, to Philadelphia &
Rental received in 1879, $636,736. Th*
dividend of August, 1879, was payable in Philadelphia <fc Reading Rail
road scrip. In 1880 the lessees defaulted on the rental and an attempt
was made to scale down the interest on some bonds, and certain propo¬
sitions made by the Receivers of the Philadelphia & Reading Railroad.
See V. 32, p. 184. (V. 22, p. 493; V. 26, p. 418 ; V. 30, p. 431; V. 31,
p. 330, 551; V. 32, p. 17, 184.)
Susquehanna —Leased and operated by Philadelphia & Reading Rail¬
road for interest on bonds and half of net earnings
Dec. 31,1880, th%
floating debt was $186,904, ineluding $158,000 accrued interest.
Schuylkill Navigation.—Leased from June
Reading for 999 years.
Unisn.-WsoSk, $2,907,850
MISCELLANEOUS
Date
Size,
or
25
100
100
1874
1,000
100
717,875
1873
1874
£200
575,000
1,073,000
783,000
600,000
2,400,000
50
Mortgage bonds (for $2,800,000)
Canton Improvement—Stock
Sterling bonds (sinking fund one-fifth of land
:
sales)
Mortgage bonds, gold, sixes (for $2,500.000)
Union RR., 1st mort.. end. (sink, fund, reuteon $220,163)
do
2dM., g., end., (s. f. ground rents on $144,800)
Central New Jersey Land—Stock
Colorado Coal d Iron—Stock
1st consol, mortgage, gold
Consolidation Coal of Maryland— Stock
1st mortgage (convertible)
let mortgage, consolidated, convertible
Cumberland Coal d Iron—Stock
Cumberland <6 Elk Lick Coal—Stock.;
1,000
500 Ac.
500 Ac.
100
100
1880
1,000
100
1864
1872
1,000
1,000
1863
bridge—Bonds, sinking fund
Dunleith d Dubuque
Iowa EE. Land Co.-Stock
Mariposa Land d Mining—Stock...
Preferred stock
1875
Mortgage bonds (lor $500,000)
Bonds
Montauk Gas Coal—Slock
Mutual Union Telegraph—Stock
1st mortgage bonds, gold
New Central Coal—Stock
New York & StraitsviUe Coal d Iron—Stock
New York & Texas Land}/ Limited)—Stock
400,000
100
100
100
7,620,000
10,000,000
5,000,000
(?)
4,400,000
1881
cent for lands
delivered, earnings of canal boats,
Salaries, office and contingent expenses
Legal expenses
.Gains, 1880
Surplus, Dec-ember
Add
161-
$207,843
31,1879
.
__
6 g.
6 g6
6 g.
7
scrip.
463,587
$27,056
$16,323; accounts, $107,177; canal boats,
$24,712; office furniture, $513; Chesa¬
peake & Ohio Canal bonds, $8,000; C. & P. Railroad stock. $1,000; G. C.
& C. Railroad stock, $160,000; total, $2,069,377. Directors: James A.
Alexander, John P. Moore, Sidney Wintringham, Gardiner Lloyd, Ben¬
jamin Williamson, Richard S. Grant, William J.
Boothe, A. J. Akin,
Gardiner P. Lloyd, President; George Sherman, Secre¬
tary aud Treasurer. (V. 30, p. 221; V. 32, p. 287.)
David Stewart.
•
•
1, 1004
1, 1904
Baltimore.
**1900
London.
Jan., 1875
m
*
N.Y.jAm.Exoli. Nat. Bk.
F. A A.
2*2
N.Y., Co.’s Office, 71 B’y Jan. 27, 1881
do
do
J. A J.
Jan., 1885
do
do
Jan. 1. 1897
J. A J.
Oct. 15. 1875
New York, Office.
A. A O.
7
6
6
.
Cent. R. R.
M. A N. N. Y., at Ill.
8
1
Q.-F.
Boston, Treas. Office.
Nov., 1893
1, 1881
Nov.
....
A J.
J.
New York.
Jan. 1, 1866
Jan. 1, 1876
Nov. 1, 1906
7
2,500,000
10,000.000
5,000,000
5,000,000
1,500,000
1,500,000
6 g.
2
1
M’nthly
New York.
New York, Office.
New York.
1911
'
Jan.
15, 1881
April, 1880
■
....
6,000,000
7
322,515
The gross
1900
....
in the
‘
1,771 515
.
deducting interest on bonded debt for
fund belonging to 1880, amounting to
$494,123
275,708
$218,414
—Consolidated mortgage bonds are held to retire old bonds. Guarantees
also bonds of tlie Cumberland & Pennsylvania, and assumes $135,000 of
tlie Union Mining Company’s bonds. (V. 28, p. 301; V. 30, p. 247; V.
32, p.287.)
Cumberland d Elk Lick Coal.—Admitted to Stuck List January, 1880.
A coal company of Somerset County. Pa.
Bonded debt outstanding
only $17,000; no floating debt. Alex. Shaw. President, Baltimore.
Land.—The, total land owned was 451.609
Iowa Emlroad
March 31, 1880.
,607; bills receivable,
m
J.
N.
Jan.
Jan.
6 g.
Net receipts
Net earnings after
1880 and sinking
1880—Lands and real estate at mines,
*17,000; value of coal on band,
A
A
J. A
M. A
J. London, Brown S. A Co.
J.
New York or London.
J.
J.
outlays)
$225,357
Present surplus
Total assets December 31,
12, 1872
June, 1884
do
A D.
$490,643
27,056— 208,002
9,542
gains, 1879
Depreciation on boats, Ac
J.
receipts from mines, railroads, rents, Ac., (includ¬
st<
$2,265,639
ing value of stock
of coal on hand) were
Total expenses of every kind (exclusive of interest and sink¬
ing fund, but including steel rails and all extraordinary
28,876
0,025
13,729
13,219
Nov.
Boston, Office.
s.
7
Consolidation Coal.—The, annual report for 1880 was published
Chronicle of March 6, 1881, and contained the following:
24,712
to March 1,1880
3, 1882
$465,931
$287,944
labor, Ac
115,630
Alexandria, Baltimore and Jer¬
sey City
Taxes...
;
Bond and scrip interest
Jan.
'
2, 1881. President, W. J. Palmer; Vice-President, C. B. Lamborn.
Tbe annual April
-MVol. 30, p. 357, 675; V. 32, p. 366 >
Alining, superintendence,
Shipping expe nses,
Dividend.
Colorado Coal & Iron Co. bonds. These are all to be merged in the
consolidated mortgage bonds. Tlie full report was in the Chronicle of
(V. 31, p. 121.)
transportation
Canal and railroad
i‘o
500.000
—
American Coal—There are mortgage bonds for $200,000.
report for 1880 gives the following information:
A J. N. Y., Company’s Office.
J.
i
161.000
....
Stocks—Lust
M. & S.
3
5,000,000
100
100
50
Whom.
■
360
100
1,000
pal,When Due.
Payable, and by
Q-M. N. Y., Company’s Office. Dec. l, 1881
New York, Office.
Sept. 10.1877
2
2^2
*
1,000
....
reports; no information.
Received for coal sold and
rents and interest..
Coal on band, value
Pay’ble
752,000
1,000
Maryland Union Coal—Stock
Adams Express— No
Cent.
3,500,000
10,250,000
387,000
3,000,000
100
Bonds—Princi
10,000,000
100
100
1,000
Maryland Coal—Stock
Land scrip receivable 75 per
Debentures, registered
When
1,500,000
2,0. 0,000
18,000,000
800,000
4.720,815
2,149,000
10
Where
Rate per
$100 $12,000,000
Adam8 Express—Stock
American Coal (Maryland)—Stootc
American District Telegraph,—Stock
American Express—Stock
Boston Land—Stock.
Boston Water Power—Stock
[Vol. XXXIII.
INTERE8T OR DIVIDENDS.
Amonnt
of
par
outstanding.
explanation of column headings, Ac., see notes on
Bonds Value.
first page of tables.
For
BONDS.
immediate notice ot any error discovered in these Tables,
Subscribers will confer a great favor by giving
DESCRIPTION.
STOCKS AND
acres
Mariposa Land d Mining.—The, suit of Jos. A. Donahoe for forcelo
of the mortgage was before the courts September, 1880. (V. 31, p.
sine
’
248,'
'
/
Maryland Coal.—\. 24, p. 226; V. 26, p. 95.
Maryland Union Coal.—Stock placed on N. Y. Stock Exchange, April.
See statement V. 30, p. 466. President, John White, New York:
1880.
Boston Land.—The capital stock of 80,000 shares of the par value
of $10 each, or $900,000. Assets of the company January 1, 1881:
cash, $128,895 ; laud in Ea-st Boston and Revere, about 700 acres, un¬
incumbered, estimated at $1,829,520. An abstract of tbe annual report
in V. 32, p. 92, refers to tbe financial Policy. (V. 29, p. 510, 537; V.
30, p. 90, 117 ; V. 32, p. 92.)
•
*
-
sharse bavc strictly no par value. There
are 85,833 shares called “ proprietary” shares, or the number into which
the property of the company is divided, tbe assets consisting of lands
on and near ” Back Bay,” in Boston.
Annual report, with statement of
financial condition, &o.. in V. 32, p. 499. (V. 30, p. 464; V. 31, p. 152,
327; V. 33, p. 182 ; Y 33, p._23, 99.)
Telegraph.—Organized under New York State laws
Washington, D. C. In
via Buffalo. Pittsburg,
Louisville, Ac., Ac., and $5,000,000 bonds, carrying $5,000,000 of stock
gratis, were issued in May. See Chronicle April 30,1881, fourth page
of advertisements.
(V. 33, p. 201, 255, 622.)
Mutual Union
Has a line of six wires from Boston, Mass., to
1881 lines are to be extended to Western cities
Boston Water rower— The
Improvement.—The annual report for the year ending May 31,
A brief history of the company was in V. 30,
p. 117. Of the $2*,500,000 mortgage, $600,000 is reserved to pay sterfhiff loan. The company owns the stock of the Union Railroad Company
an a guarantees its bonds.
(V. 27, p. 14; V. 29, p. 65; V. 30, p. 117;
V. 3 1, p. 43; V. 33, p. 99.)
Canton
(Md.).—The annual report for 1879 has the
New Central Coal
leg:
.
THE YEAR ENDING DECEMBER 31, 1880.
to credit of coal account
$1,478,304
band, at cost
$53,019
STATEMENT OF PROFITS FOR
December 31,1890, balance
December 31,1880, coal on
Less freights and taxes dtte
$1,512,385
paid for railroad and canal freights and tolls,
mining, office and shipping expenses, salaries and interest..
Deduct amount
Net earnings for
Balance to credit of
Deduct—
fiovin
nft
'nnKttihlp.
Iwdance sheet December 31, 1879, gave the following values of lands
owned: Newark lands, $390,584 ; Bergen, $617,622 ; Elizabeth, $169,-
150; Westfield, $26,307; Fanwood, $479,633; Plainfield, $347,976;
Duncllen, $345,398; Somerville, $77,861; Clinton, $4,780; Bloombury, $26,345; Phillipsburg, $861; total, $2,486,522. (V. 30, p. 117,
221.)
with headquarters at Colorado
Springe, Col., was a consolidation Dec. 13,1879, of the Central Colorado
Improvement Co., the Colorado Coal & Steel Works, and the Southern
Colorado Coal & Iron Co. The company is controlled by Denver & Rio
Grande Railroad parties. Stock is non-assessable. On Dec. 31.1880,
the debt consisted of $1,225,000 consolidated mort. bonds, $1,500,000
Central Colorado Improvement Co. bonds, and $104,300 Southern
$214,51.?
$15,494
$199,020
,
90,517
ro/inpcf;
Balance to credit of
Colorado Coal d Iron.—This company,
1,421,868
$90,517
the year
profit and loss December 31,1879
pany’s lands. A further reduction of $100,000 was made in the capital Amountscharged against profit and loss dur ing ’80
stock by canceling a thousand shares received in exchange for lands,
reducing it to $2,400,000. Of this amount outstanding the company
Addatill owns $25,500, held for the redemption of scrip as presented. The Net earnings for 1879
dividend scrip has been reduced fr om $106,984 to $43,296, and as it is
thia
smpoflilv
t.liA
icr
ovtinrriiicti
34,080
18,938—
1881, is in V. 33, p^ 99.
Central New Jersey Land. Improvement.—The report says that during
the last six months of 1879 an active demand sprang up for the com¬
follow.
.
profit and loss December 31,1880
Officers for 1881: Wm. S. Jacques, President; E. J.
President: Philo C. Calhoun, Treasurer; Geo. H. Adams,
30, p. 220; V. 32, p.
$289,537
Sterling, Vice
Secretary. (V
312.)
•8
StraitsviUe Coal d Iron.—Has $300,000 bonds.
admitted to New York Board April, 1880. (V. 30, p. 409.)
New York d
The stock
granted to the
5.000,odd
convertible ana
second mortgage bonds. Each holder of a $1,000 second mortgage or
convertible bond and unpaid coupons, or purchasing committee certio¬
rates, of tbe International and Houston & Great Northern railroaaa
receives $300 stock and $1,200 land scrip of tbie Co. (V. 30, p. 519 >
New Ycn'k d Texas Land—This company owns the lands
International and Houston A Great Northern railroads, about
acres, which were given in settlement to the holders of
V. 31, p. 511.)
December,
MISCELLANEOUS
1881.]
STOCKS
AND BONDS.
lxi
Sobserlbers will eonfer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
Vor
explanation of column
page
of
headings* &e., see notes on first
Bonds
of tables.
Telegraph—Stock....
interest guaranteed
:
Oregon Railway <£ Navigation— Stock
Mortgage bonds, gold
or
Par
Value.
Outstanding
Rate
Ceu
$50
$ 2,500,000
2
J.
I5’
J.
Northwestern
Bouds,
Oregon d- Transcontinental—Stock
Pacific Mail Steamship—Stock
Producers* Consolidated Land <6
Palace Car—Stock
3d series.
100
100
1872-
I’ooo
1872
1,000
50
1861
Too
Petroleum- Stock
debenture
sterling debenture, convertible till April, 1881
Quicksilver Mining—Common stock
Preferred 7 percent stock, not cumulative
100
..
Tunnel P R. of St. Louis, stock, guar
Southern <£ Atlantic Telegraph—Guaranteed
Spring Mountain Coal—Stock, guar. 7 per
Sterling Iron <£• Railway.—Stock
Mortgage bonds, series “A ”
Mortgage bonds, income, scries “B” .. ^
Plain income bonds
1872
1872
1878
1,000
1,000
1875
£100
100
1,000
100
100
"Railroad'Equipment Go.—Stock
Coupon bonds. (See remarks below.)
St. Louis Bridge <£ Tunnel RR.—Bridge stock, common
1st preferred stock, guar
2d preferred stock, guar
1st mortgage, new, sinking fund
Var’s.
1,000
ioo
100
100
1879
1,000
25
50
50
stock
ct. by L. V
;
1,000
1864
1880
1876
1,000
1879
'ioo
Telegraph.—Turn company owns 8,000 miles of wire and
with guaranteed dividends of
is leased to Western Union for 99 years,
4 per cent at first, rising one-eighth per
cent a year to 6 in 1897 and
The bond interest is guaranteed.
(V. 33, p. 358.)
Oregon Railway c£ Navigation— Gross earnings year ending June 30,
1880, $3,730,242; net earnings, $1,666,861. An issue of $6,000,000
new stock was voted on Oct. 20, 1880, to be sold at par to the stock¬
holders at dates in 1881, with a 10 per cent scrip dividend paid to the
stockholders when their last instalment was called for.
A further
issue of $6,000,000 stock is to be made to stockholders of December
28, 1881, deliverable February 1, June 1 and September 1, 1882.
The comi>any has lines in
main and branches wheu
1,180,000
12,000,000
5,911,000
15,7b0,000
20,000,000
2,000,000
progress
which will make 696 miles of
completed. The managers purchased in
February and March, 1881, a controlling interest in the common and
1876-90.
preferred stock of the Northern Pacific Railroad with cash furnished by
a syndicate, and the control of both companies was transferred to the
Oregon <fc Trans-continental. (V. 30, p. 289, 409; V. 31, p. 196, 329.
313, 429, 511; V. 32, p 156, 232, 265, 313, 323, 336, 421, 501, 553, 687;
V. 33, p. 48, 177, 439, 588.)
500,000
7
4
2,500.000
10,023,800
445,000
820,000
908,000
52.500
5,708,700
4,291,300
500,000
0)
2,500,000
2,490,000
3,000,000
5,000,000
1,250,000
948,000
1.500,000
2,300,000
(>0,0(»0
418,000
495,575
g.
When
Payable
Where Payable, and by
Whom.
Bonds—Princi¬
pal,When Due
Stocks—Last
Dividend.
& J. N. Y. West. Un. Tel. Co,
do
& J.
do
New York.
Q.-F.
J. & J. N.Y., Farm. L. & Tr. Co.
July 1, 1909
J.
J.
June 1,
June 1,
Jan. 1, 1882
Jan. 1, 1904
Nov. 1,
1881
Sept., 1868
1,000,000
429,500
ri
5
7
5,000,000
500 <fce.
10
Tunnel—Stock
Mortgage bonds (for $2,000,000)
United Stales Excess—Stock
Suiro
afterward.
1,000
(for $50,000,000)
4th series
Northwestern
Amount
'ioo
1879
Pennsylvania Anthracite Goal—Stock
1st mortgage (east side) bonds on 1,053 acres
1st mortgage (west side) on 400 acres and 550 leased....
Pennsylvania Coal—Stock
1st mortgage bonds
Pullman
Bonds,
Bonds,
Bonds,
Bonds,
INTEREST OR DIVIDENDS.
Size,
Date
7
6
2
8
8
7
7 g.
2>4
9*4
2^
6
24
D. N.
& D.
Q.-F.
Quar’Iy
3*2
J.
7*
A. T o.
Feb.
7
6
Aug. 17, 1881
Aug. 17, 1881
N, Y., Clark, Post & M. Nov., 1881
do
do
3
*&J.
2^
8*
1892
1892
1881
1881
N. Y., Ill Broadway,
Nov.1,
do
do
Aug. 1,
New York, Office.
1877
Q.-J.
Q.-F. N. Y., Farm L. & T. Co. Nov. 15, 1881
do
do
Feb. 15, 1887
Q-F.
do
do
Q.-F.
Aug. 15. 1892
A. & O.
do
do
Oct. 15, 1888
A. & O. Lond’n, J.S.Morgau&Co April 1, 1885
Q.-F.
F. & A.
J.
J.
A.
J.
A.
i^
Y., 4tli National Bk.
&
&
&
A
&
N. Y., Drexel, M. & Co.
do
J.
do
O. New York and London.
J. N. Y., Drexel, M. & Co.
O. N.Y., West. Union Tel
D. N. Y., Company’s Office.
New York,
do
mos.
to 5 yrs.
July 1, 1882
July 1, 1884
April 1, 1928
Jau.
1, 1884
Oct., 1881
Dec. 10,1881
April 1, 1888
April 1, 1894
Oct. 1.1896
18,920,000
600,(MX)
7,000,000
Q-F.
London.
New York, Office.
expenses, including legal expenses,
and insurance, maintenanco of upholstery
Operating
Jan. 1. 1891
Nov. 15, 1881
general taxes
and bedding
(including leased lilies), and rebuilding association cars
$1,076,409
Rental of leased lines
264.000
Coupon interest on bonds
Dividends on capital stock
191,867
482,166
Total
$2,014,442
Surplus for tlie year
$981,054
For five years past, ending J uly 31, a comparative exhibit of the receipts,
expenses, profits aud surplus applicable to dividends, shows as follows :
Interest,
Expenses.
Profits.
rentals, &c.
Surplus.
$1,091,988
$2,570,639
$985,072 $1,585,567 $493,579
2,160,830
878,578
1,282,252
451,866
830,386
2,196,734
958,465
1,238,269
429,890
808,379
1,680,421
432,479
2,635,468
955,047
1,247,442
2,995,496 1.076,409
1.919,087
455,867
1,460,220
-(V. 31, p. 327, 359, 383; V. 32, p. 44, 336, 396. 579; V. 33, p.
Revenue.
":v
Quicksilver
Mining.—
Bonds
paid off July, 1879. The preferred stock
Oregon <& Transcontinen tal.—This company was organized under the is entitled to 7 per
cent per annum, not cumulative, and any surplus
laws of Oregon on June 27, 1881, aud received from the “Villard Pool”
(V. 31, p. 124; V. 32, p.
goes to the common aud preferred equally.
an assignment of the stock of the Northern Pacific Railroad purchased
336; V. 33, p. 178.)
by it The company’s object is to hold the stocks of the Oregon Railway
Railroad Equipment Co.—This company leases equipment to railroads
& Navigation Co. and the Northern Pacific, and to construct connecting
roads. The total authorized capital is $50,009,000, of which $30,000,- on the “ Car Trust” plan, advancing oash for the rolling stock and tak¬
000 has been subscribed for at par, and $15,760,000 is paid ; the balance ing obligations of the railroad companies running from 3 to 60 months,
is called as follows; Feb. 1, 1882, $6,000,000; April 1, $6,000,000; which cover the princfpal and interest of the special series of bonds
May 1, $2,210,000. H. Villard, President, 20 Nassau St., N. Y. (V. 33, issued by the Equipment Co. running for similar periods. The title
remains in the lessor till last payment is made, and then vests in the
p* 12, 48, 256.)
purchasing railroad. In the meantime the title is held in trust by the
Pacific Mail Steamship.—In February, 1880, an agreement was re¬ Fidelity Trust & Safe Deposit Co. in Philadelphia, trustee for bond¬
ported between this company and the Pacific Railroads, by which the holders.
railroad company is to give to the steamship company a monthly subsidy
St. Louis Bridge <6 Tunnel Railroad—The railroad and tunnel were
of $110,000, as against $60,000 formerly.
In November, 1881, it was sold under the mort. of 1873, July 1, 1878* for $450,000. Foreclosure
terminated. On April 30, 1881, the company’s liabilities were $1,761,- under the 1st and 2d mortgages on the bridge was made Dec. 20, 1878.
59*, which included loans due to Panama RR. Co.. $1,400,000, demand Oil July 1, 1881, the bridge and Tunnel Railroad were leased to the Mo.
notes, $90,847, and traffic account, $77,301. Report for 1880-81, in V. Pacific and Wabash St. Louis & Pacific for the term of their corporate
32, p. 575.
.
charters. Of the stock $2,490,000 te 7 percent 1st preferred, which
The following is a statement of the earnings and expenses for the
is guaranteed 5 per cent till January, 1885, and then 6 per cent;
years ending April 30,1881 and 1880:
$3,000,000 7 per cent 2d preferred, which is guaranteed 3 per cent pel*
annum, the first semi-annual payment being July 1, 1884. and $2,500,Earnings.
302.)
.
1880-81.
Atlantic line
Panama line
Victoria line
Trans-Pacific line
Australian line
Australian andNew Zealand subsidies......
Central American and Mexican subsidies
British Columbia subsidy.
.
Hawaiian Government subsidy.
Interest and dividends on investments
Miscellaneous.
973,472
307,073
.4,222
$3,969,882
$456,416
$474,598
1,126,258
82,588
538,288
340,441
358,867
1,127.800
273,591
568,570
376,669
333,853
expenses
ships laid to
32,524
30,048
93,289
144,033
133,327
201,365
$3,172,705
1,229,942
$3,519,821
450,061
...
Miscellaneous
Total
Net earnings
—(V.28,p. 42, 97, 402, 552, 554, 580; V. 29,
p.
12,464
29,094
2,605
$4,402,647
Trans-Pacific line
Australian line
32,
38,000
6,500
.
Expe nses.
Atlantic line.
Panama line
Victoria line
Interest
176,411
118,366
3,000
12,897
18,225
4,050
Exchange
Agencies
Extra repairs and
321,215
203,550
99,416
..
Total
1879-80.
$600,915
1,531,677
201,978
930,657
$745,344
1,950,597
80,887
265, 575, 613; V. 33,
p.
p.
512; V. 30,
p.
249, 565;
102, 256, 528, 561, 642.)
Pennsylvania Anthracite Coal.—Stock and bonds admitted to N. Y.
btock Board Feb., 1877.
Company failed Feb., 1879. (V. 24, p. 112.)
Pennsylvania Coal—Liabilities at a minimum, and 12 p. e.dividends
of bonds, due August, 1881, will be anticipated, if
5
aid. Payment
paired.
Pullman Palace Car.—For extension of works 33 ^ per cent new
stock issued at par to stockholders of record April 2,1881, and $2,000,000 more to stockholders of
Sept. 3.
Hjcorne account for
Annual report V. 33, p. 302.
The
year ending July 31, 1881, showed total receipts of
$2,995,496, against which were charged the following disbursements:
000 common. The common stock was held by the London Reorgani¬
zation Committee., and under the lease was transferred to Mercantile
Trust Company of N. Y. with power to vote thereon. The bridge and
tunnel
were
worked together and the net
earnings divided in the prop¬
bridge aud one-sixth to the tunnel up to
$450,000 and all over that amount nine-tenths to bridge and one-tenth
to tunnel. (V. 29, p. 196; V. 30, p. 623 ; V. 32, p. 659; V. 33, p. 22,
ortion of five sixths to the
125, 224.)
Spring Mountain Goal Co—This is guaranteed 7 per cent per year till
Lehigh Valley Railroad.
Sterling Iron & Railway.—The property of this company, in Rockland
and Orange Counties, N. Y., consists of 25,000 acres of land, with fur¬
naces, &c., having a capacity of 15.000 tons of pig iron per year, and
84 miles of railroad, houses, &c. The company endorses the $471,674
bonds of the Sterling'Mountain RR. A. W. Humphreys, President, 42
1885 by
Pine Street, N. Y.
Sutro Tunnel.—Tunnel on Comstock Lode for facilitating mining oper¬
ations. New management elected March, 1880.
Annual report pub¬
lished in Chronicle of April 24, 1880. See V. 30, p. 249. «V. 27, p.
529; V. 28, p. 147, 224, 302; V. 30, p. 249, 43 2.)
United States Exqjress—No reports.
United States Rolling Stock.—See reports, V. 26, p. 289: V. 28, p.
145.
Vermont Marble Co —This company sold in 1880 $654,049 worth of
marble at a cost of $499,977. The statement to the N. Y. Stock Ex¬
change, March, 1S81, said that the company’s property consisted of
some 800 acres of land, comprising seven quarries, located at West Rut¬
land, at Centre Rutland and at Sutherland Fa'Is, Vt.; valuable water
powers and extensive mills, many largo and expensive buildings,
together with all the machinery, &c., necessary to perfect their exten¬
sive works. (V. 32, p. 335.)
Wells, Fargo <£• Company Express.—An increase in capital to $6,250,000 was made in 1879. (V. 28, p. 18.)
Western Unio>i Telegraph.—On the practical- consolidation with the
Atlantic & Pacific in 1878 the Western Union had a monopoly of tele¬
graphing business in the United States. In 1879 the American Union
opposition line was started under the auspices of Mr. Jay Gould. The
Western Union Co. divided up its surplus stock, making a scrip dividend
cent to stockholders of record June 20, 1879. On Jan. 19*
1881, was dated the grand consolidation, in which the Western Union
raised its stock to $30,000,000, giving par, or $15,000,000, for the stock
and bonds of the American Union; 60 per cent for old Atlantic & Pacific
of 17 per
MISCELLANEOUS
lxii
Subscribers will confer a great favor
by giving Immediate notice of any error
of column headings, <fcc., see notes on first
page
of tables.
United States Rolling Stock—8toc£
Vermont Marble Co.—Stock
Sinking fund bonds, gold.
Wells, Fargo <& Company Express—Stock
Western Uiiion Telegraph—Stock—
Real estate bonds, gold, sinking fund
:
Size,
Date
of
Bonds
or
Par
Value.
Outstanding
$....
$5,000,000
100
3,000.000
"5
4
1872
1,000
1875
1,000
JBlOO&c
1,373,000
3,920,000
z&-
951,102
6 g.
1875
permitted. (See V. 32, p. 124, &c.)
In a history of the West. Un. Tele. Co., the New York World gave the
following: “ On April 4, 1856, the name of the New York & Miss. Valley
Printing’Telegraph Company was changed by a special act of the New
York Legislature, chapter 97, to‘The Western Union Telegraph Com¬
was
The authorized capital of the company then was $500,000, of
about three-fourths had been issued. On Aug. 19, 1858, the
first scrip dividend was declared, being 33 per cent on $309,700, the
amount of outstanding stock.
On Sept. 22 of the same year, after the
amount of the authorized capital had been increased, a scrip dividend of
414*40 per cent on the capital stock of $485,700 was issued. Three
more scrip dividends were issued previous to the purchase of other
lines by issuing stock. They were as follows: July 10, 1802, 27*20 per
cent on the capital stock outstanding of $2,355,000; March 10, 1803,
100 per cent on the capital stock outstanding of $2,979,300, and Dec.
23, 1803, 33I3 per cent on the capital of $5,902,600, increasing the
capital stock to $7,950,700. About January, 1804, an arrangement was
made for the purchase of the Pacific Telegraph Company, a corporation
chartered in the State of Nebraska and authorized to buy, build and
operate a telegraph line from a point withiu the Territory or State east
of the Rocky Mountains to San Francisco. Its capital was $1,000,000.
The purchase was effected by an exchange of the Western Union stock,
issued for that purpose, for the stock of the Pacific Telegraph Company,
pany.’
which only
the amount being $1,277,210.
“
Up to this time the lines owned by the Western Union were all west
of Buffalo, and the chief executive offices were at Rochester, N. Y. The
next purchase was that of the lines of the New' York Albany & Buffalo
stock amounting to $000,000; and the
like of the New
gurchase
for
& Washington
York
$140,500,
followed.
Printiug
The stock
Telegraph
neededCompany
for this
1
a
manner,
purpose was all issued between Jan. 1, 1804, and May
executive office remained in Rochester until July 1,
was removed to New York City.
“On May 11,1804, a stock dividend of 100 per cent
made, which increased the capital to $20,133,800.
stock from that time to July 1, 1809, was as follows :
For Atlantic & Ohio Telegraph stock
For Erie <Sr Michigan Telegraph stock
For House Telegraph stock
For Pembertou & Golden, trustees, etc
For cash
For Western Union bonds
For Ithaca Telegraph stock
For California State Telegraph stock
For Syracuse & Binghamton
For Missouri <fc Kansas Telegraph stock
For United States Telegraph stock
For United States Paciffc Telegraph stock
For equalization of stock as per consolidation
For fractions
For Trumansburg & Seneca Falls stock—
For Hicks & Wright Repeater
For Lodi Telegraph stock
For American Telegraph stock
For Pittsburg Cincinnati & Louisville stock
10. 1864. The
1800, when it
per share was
The increase of
$833,400
08,000
5,700
408,000
agreem 3»t
r
55,100
3,500
1,500
500
11,833,100
4,100
$41,003,100
“In January, 1870, the capital was $41,070,610, and in January,
1873, $41,073,410. It remained at that figure until the present time.”
The stock was nominally ofthat amount, but only $35,084,975 was out¬
standing prior to June 20, 1879, when it was agam watered, and a scrip
dividend of 17 per cent declared, raising the stock to the above amount.
The last quarterly statement for the quarter ending Jan. 1,1882
(partly estimated), was as follows.
capital stock
Net profits
Deduct interest on bonded
Sinking funds
debt
Bond*—Princi¬
pal,When Due.
When
Where Payable, and by
Payable
Whom.
Stocks—Last
Dividend.
g.
&*D.
J.
J.
& J.
Q.-J.
.1*3
(1)
Dec.
New York,
New York, Office.
New Yora, Office.
1, 1910
July 15,1881
Jan. 16, 1882
M. & N. N. Y., Union Trust Co*
May, 1902
M. & N. N. Y., Treasurer’s Office
May, 1900
M. & S. London, Morton, R.&Co March 1,1900
Construction, &c
$300,000
.
$427,000
$1,583,527
1,200,000
Net income for quarter
Deduct dividend for quarter
$383,527
629,759
Surplus for quarter
Add surplus of Oct. 31, 1881
$1,013,286
Surplus Dec. 31, 1881
published in the Ciikoniclk, V. 33, p.
for the fiscal year ending June 30, 1881.
The revenues, expenses and profits (after reserving amount sufficient
to meet the claims of the Atlantic & Pacific Telegraph Co. under exist¬
ing agreements) were as follows:
annual report
410, the following was given
From the
1879-80.
Expenses
0,591,455
.
8,420,165
$5,146,639 $5,640,640
Net profits
From which there was applied—
For dividends (8 per cent)
For interest on bonds
For sinking funds appropriations
$3,280,276 $3,732,633
Surplus of net earnings for the year over divi¬
dends, interest and sinking funds appropria¬
tions
1830-81.
$11,738,094 $14,060,806
Revenues
was
428.516
427.455
40,000
40,005
$3,748,793
$4,200,094
$1,397,846
$1,440,546
With the surplus on hand at the beginning of the
1880, the result for 1880-31 was^as follows :
The surplus July 1, 1880, was
Add surplus for year as above
For construction of new lines and erection of
additional wires
For purchase of
sundry telegraph stocks,
fiscal year, July 1,
$403,255
1,440,546—$1,343,SOI
$1,041,657
patents, real estate, &c
674,884— 1,716,542
Surplus July 1, 1830
$127,258
This balance, together with the balances of previous years,
resented in the profits and disbursements of the company, for
is rep¬
fifteen
3,S00 years, from the date of the general consolidation—July 1, 1866. The
77,000 general exhibit of the company showed the nominal surplus to June 30,
91,000 1881, of $16,016,403, out of which the stock dividend was declared in
to the amount of $15,520,590, leaving a nominal balance of
14,500 1881
$1,089,878, which may go on as the nucleus for another stock dividend.
104,700 The
following statement shows the mileage of linesand wires, number of
4,900
and traffic of the company, for each year from June 30,1866,
80,400 offices,
3,885,200 to June 30, 1881:
Net
No. of MesMiles of
Miles of No. of
333,300
Telegraph stock
This made the total
discovered In these Tables.
M. & S. New York and London.
1*4
6,250,000
80.000,000
of
obtained
stock distribution and litigation ensued, but the stock
Company, by an exchange of
Rate per
Cent.
1,200,000
100 &c.
stock was given in new Western Union; and. a stock distribution
per cent to Western Union shareholders: An injunction was
against the
Amount
100
100
1880
„
Bonds, coup, or reg., conv. till May, ’85, sink. fd. 1 p. ct.
Sterling bonds, coupon (sinking fund 1 p. ct. per annum)
dividend
[vol. yyytit
i
INTEREST OR DIVIDENDS.
DESCRIPTION.
For explanation
STOCKS AND BONDS.
—.
$107,000
20,000
$2,010,527
Years.
1805-66
1800-07
1807-68
1808-09
1809-70
1870-71
1871-72
1872-73
1873-74
1874-75
1875-70
1876-77
1877-78
1878-79
1879-80
Line.
37,330
46,270
50,183
52,099
54,109
56,032
Wire.
Offices.
75,686
85,291
97,594
104,584
2,250
2,565
3,219
3,607
3,972
4,006
5,237
5,740
6,188
6,565
7,072
7,500
8,014
8,534
9,077
112,191
121,151
sages
Sent.
Receipts.
$
5,879,282
6,404,595
7,934,933
9,157,646
10,646,077
12,444,499
....
6,568,925
7,004,560
7,316,918
7,138,737
7,637,448
8,457,095
9,333,018
9,262,653
Receipts.
$
2.624.919
2,641,710
2,748,801
2,227,905
2,532,661
2,790,232
62,033 137,190
2,757,962
14,450,832
65,757 154,472
2.506.920
16,329,250
71,585 175,735
9,564,574 3,229,157
17,153,710
72,833 179,496
18,729,507 10,034,983 3,399,509
73,532 183,332
9,812,352 3,140,12v7
21,158,941
76,955 194,323
23,918,894
9,861,355 3,551,542
81,002 200,202
25,070,100 10,960,640 4,800,440
82,987 211,560
29,215,509 12,782,894 5,833.937
85,645 233,534
1880-81..110,340 327,171 10,737 32,500,000 14,393,543 5,908,279
-(V. 31, p. 21,121, 283, 306, 359, 383, 404, 482, 560, 608, 653; V. 32,
p.43, 63, 68, 92, 124, 146. 156, 206, 232, 266, 289, 312, 527, 544, 637,
C87; V. 33, p. 282, 305,411.)
Dl>c.,
lxiii
BANK AND INSURANCE STOCKS AND RAILROAD EARNINGS.
1881.
STOCK
BANK
INSURANCE
LIST.
STOCK
LIST.
——
CAPITAL.
Companies.
Capital.
at latest
Mkd. ttaus(') Par Amount.
are
DiVIDENDS.
Surplus
dates.!
not Natl.
100
100
.
Bowery .... 100
Broadway.. 25
Butcli’s’&Dr 25
100
Central
100
Chase
Chatham.... 25
Chemical.. - 100
Citizens’.... 25
100
City
Commerce.. 100
Period.
Latest.
1880. 1881.
(£
$
3,000,000 1,685,400 J. & J.
9781
25
25
100
Fifth
Fifth Ave*.. 100
First........ 100
100
Fourth
30
Fulton
50
Gallatin
Garfield: ... 50
Germ’ll Am.* 75
11 Oi
188,200 J.
600,000
5,000,000 2,987,100
285,500
Germ’n Ex.* 100
Germania*.. 100
25
Hanover... 100
Imp.& Trad. 100
50
Irving
Leather Mfr. 100
Manhattan * 50
100
Marine
100
Market
25
Mechanics’
Mech. Ass’n. 50
25
Mech. & Tr.
Mercantile.. 100
50
Merchants’
Mereh. Ex..
50
Metropolis *. 100
Metropolit’n 100
Mt. Morris*.
Murr’y Hill* 100
Nassau*
LOO
New York
LOO
N. Y. County 100
N. Y.N. Ex. 100
Ninth
100
N. America70
North Kiv’r* 30
Oriental*.
25
Pacific *
50
Park
100
25
People’s*.
Pkenix
20
Produce*..
50
Republic.... 100
St. Nicholas. 100
Seventh W’d 100
Second
100
8hoe& L’thr 100
Sixth
100
State of N.Y. 100
Third
100
Tradesmen’s 40
Union
50
U. States
100
West Side*.. 100
Greenwich*.
.
.
..
..
....
40,100
302,000
100,000
M.
J.
J.
F.
J.
J.
J.
& J.
& N.
& J.
& J.
& A.
& J.
& J
& J.
6*2
15
8
7
10
7
Par.
Jan., ’82. 4
6
148,800 J. & J.
465,800 J. <fc J.
500,000
600,000
2,050,000 l,085,6i)0 F. & A.
111,900 J. & J.
400,000
329,300 J. &
500,000
2,000.000 1,175,600 J. &
84,200 M. &
500,000
48,000
200,000
181,100 J. &
1,000,000
2,000,000
1,000,000
300,000
3,000,000
J.
J.
N.
l,3oo
86,600 J. & J.
115,800 M. & N.
729,390 J. & J.
100,000
1,000,000
2,000,000
200,000
300,000
51,100 J.
99,800
150,200
200,000
73,400
192,000
234,000
750,000
122.70b J.
246,300 J.
200,000
1,000,000
125,000
.
& J.
& J.
1,700
764,700 F. & A.
158,300 J. & J.
i.5ooio6o
500,000
300,000
300,000
500,000
200,0U0
800,000
1,000,00*
1,000,000
1,200,000
500,000
59,200 J.
117.40b J.
189,600 J.
63.000 J.
405,400 M.
311,100 J.
355,700 J.
762,400 M.
3
5
5
6
6
7
14
8
9
7
7
8
8
134 900 J.
8
July!’81.
6
40
Exchange...
6
8
6
6
7
14
8
10
7
8
July,’80 3
Aug..’81 3
May ’81. 8
,
6
7
10
12
6
8
8
7
6
3
7
8
10
7
7
3
6
6
8
8
7
7
6
7
8
10
8
,7.
6
3
Jan.,’82.
Firemen’s
Firemen’s Tr.
FranklinA; E.
German Am.
Germauia..
Globe
Greenwich
Guardian....
Hamilton
Hanover
Hoffman
Home
Howard
.
..
July,’81. 3*2
Jan., ’82. 5
Import. & Tr.
Irving
Jefferson. ..t
Kings Co.(t)
Knick’bock’r
Lafayette (J)
Lamar
Lenox
Louglsl.G) .t
Lorillard
Man.& Build.
Manhattan..
Mech.&Trad
Mech’nies’ (J)
Mercantile
Merchants’..
3
Nov.,’81. 3
Jam,’82. 4
July, ’81. 4
July,’81.
Moutauk(+)..
Aug ,’8l. 3*2
Jail., ’82. 3^2
July,’81. 3
Jan ’82. 3*2
Jan., ’82. 5
Nov.,’81. 2*2
Jan., ’82. 4
Jail., V2. 5
,
Jan.,’82. 3
310
4
July.’74.
8
8
Aug.',’81.
6*2
7
6
Jan., ’82. 312
6
10
8
6
7
7
7
10
15
8
6
7
7
8
10
&
12
10
July.’81. 3
July,’81.10
Jan., ’81 4
Niagara
North River.
Pacific
Park
Peter
Cooper
People’s
50
50
Republic ...t 100
25
Rurgers’
50
Standard
100
Star
100
Sterling
Stuyvesant.. 25
Tradesmen’s 25
Unit’d States 25
10
Westchester.
W’msburg C. 50
Jan.,’82. 3*2
5
Jan.
Feb.
1879
1^80
(295 m.).,
(295 m.).,
.1881.
(295 tn.).,
Atchison Topeka & Santa Fe—
(786 to 868 m.).
(868 to 1,167 m.).
1880
(1.167 to 1,540 m.).,
1881*
(1 540 to 1,788 m.).,
B,H£ilnart<m Cedar
1881
Chesapeake &
(425 to 435 m.).,
<435 m.).
(492 to 564 m.).,
(564 to 573 m.).,
$
Alton-
•••(43'm.)..
10
10
10
10
10
7
10
20
415.999
200,000
36,662
27,312
178,373
300,000
200,000
200,000
.
175.845
55.042
5b0.000
350,000
30,650
200,000
300,000
143,706
250,000
241,190
166,015
79.566
300,000
250,000
495,989
10
5
10
10
10
10
10
20
none. none.
10
10
9
10
8
12
10
12
14
10
10
10
14
10
10
10
10
8I2
none.
10
none.
12
10
14
10
8
10
10
14
10
10
10
3*2
13
8
20
12
18
-
3i2
14
8
20
12
20
11
10
10
10
10
10
10
10
7
7
8*2
20
14
20
9-73 12-46 12-46
12
10
9
7
noue.
812
10 10
10
10
10
10
11
10
10
10
10
10
20
20
20
July, ’31.10
*
Over all liabilities,
including re-insurance, capital and scrip,
t Surplus includes scrip.
PRINCIPAL
May.
Jane.
*
July.
$
(|) Brooklyn.
RAILROADS.
Sept.
Aug.
$
I
807,
58,701
68,187
Oct.
Nov.
$
40,049
46,946
62.541
67 563
$
49,600
61,155
70,704
80,869
78,242
446,528
438,588
664,512
903,728
1,277,000
Dec.
104,443
138,897
122,827
154,795
171,524
143.432
160 160
179.804
204.991
129,494
147,785
189.030
165,630
2.5,912
174,351
*09,11*
221,801
221,748
203,880
1,529,255 1,590,889
1,406,600 1,579,591
1,356,716 1,778,488
1,872,370 2,09i,411
1,393,852
1,443,088
1,724,9 0
2,159,382
1,533,702 1,726,667 1,789,477
1,453,833 1,556,457 1,949,429
1.840.067 1,973.438 1,964,997
i,899,346 2,088.519 2,185,303
1,773,989
1,537,493
1,809,022
2.120.229
1,483,142
2.199,466
2,514,0j0
2,207,uOO
176,552
183,328
211,820
151,240
148,074
137,709
179,1*51
1,939,295
1,936,539
240,795
218,009
2,674,303
4,071,519
5,755,07?
304,636
603,582
677 863
34
764,896
932,122
141,619
$
53,478
444123
61,009
643,921
340,933 3,950,888
019,484
0,381,443
847,215
8,556,978
124 P78
17b,*.C
193,419
1,527,667
1,534,949
2,053,483
1,432,918 17,607,451
1,335,870 17,153,101
1,905,222 20,508,113
149,359
132,172
222,762
150,310
162,611
166,958' 150,199
102,077
198.681
221.559
199.443
148,457
214,255
140,262
173,383
238,236
189,053
215,695
259.11C
184,389
252,235
*41,135
*23.0o6
262,858
224.092
247.303
24 (,144
503,379
443.525
340.947
0
23,81L
486.921
6 53.103
399.373
533,832
601,101
553,014
543,723
139,045
(678 m.).,
(WOm.)..
524,u54
487,890
461,641
(2.078 to 2.154 m.).. 1.077.891 1,084,85
(2,154 to 2,293 m.;.. 1.008.321
889.623
(2.293 to 2.624 m.).. 1.154.632 1,131,683
(2,778io 3 018 m.).. 1,240.667( 963,205
178,824!
212,746
228,479
227,343
357,297
327,370
335.999
349,883
359,457
335,393
421.937
447,794
433,473
536,843
626.473
542,961
616.128
617.524
708.906
761,120
767,349
785,199
096.770
511,415
548,675
528,860
61rt,93o
671,466
771,466
708,897
730,359
680,133
1,118,736 1,275,516
897,090
946,427 1,632.207 1,382.123 1,368,348
1,296,082
1,018,755 1.171,303 1,160.963
993,823 1.315.559 1,484.316 1,709,932
1.489.894 1.909,627 1.632,958 1,773,643 1,834.321 1,862.285 1,934.762
1,327,079
1,837,860
1,095,834
1,107,042
1,361,725
1,178,796
Total.
95,007
107,990
184,680
Southwestern—
Approximate figures,
6I2
12*2* 1212
*
1,000,000
10
11
12
10
10
30
6
153.378
148,551
188?
,1881
*
11
10
12
10
30
149,504
100,132
141,652
(1,050 to 1,709 m.).. 1,045.467 911,150 1,169,831
(1,709 to 1,857 m.).. 1,105.098 982,377 1,071,738
(1,857 to 2,772 m.). 1,432.740 1,411,870 1,732 518
(2,772 to
m.)..
1,418,149
& Eastern Illinois
58.903
(152 m.)..
64,991
58,504
68,167
60,36 <
67,025
(152 to 220 in.).
72,466
83,265
88,278
125,455 116,3J6
123,977
r* iwi i
(220 to 230m.).
Milwaukee & St. Paul.K
.....(1,412 to 1,729 m.)., 705.865 666,853 663,639
jCon
0.729 to 2,256 m.).. 591.176 476,6(57 632-898
(2,256 to 3,7.5 m.)..
764.298
738.749
900,67
991,000 083,000
917,000
jS?;
150,b00
200,000
•
812
139,4901 101,015
116,950, 110,179
188,325
18‘9
,
8*2
115,277
125,141
111,924
300.187
307.681
497.013
"
76,989
466,162 420,521
516,765 593,311
674,229 806,730
981,000 1,147,000
295,367
508,608
651,090
343,737
134,322 15
7
10
12
329,559
469,456
657,586
184,885
369,107
202,335
162,540
7
10
15
7
10
249,481
410,808
747,012
1,066,000 1,186,000
174,598
144,442
88,667
76,694 10
87.411 10
200,000
200,010
200,000
204,000
299,610
546,182
696,966
58,293
147,196
97,277
165,171
124,510
1,000,000 1,401,861 1365 13-77 14-35
15
15
300,000
645,b70 15
Aug.,’81. 5
July,’81. 5
July.’77. 5
July,’81. 5
July, ’81.7-35
Oct.,’81. 7^2
July,’81. 319
Aug..’81. 5
July,’81. 6
July,’81. 5
July, ’81. 5
July,’81. 6
July,’81. 6
July,’81. 5
July,’81. 5
July,’81. 719
July,’81. 3
July,’81, 5
July,’81. 5
Jan.,’81 5
July,’81. 5
July,’81. 5
July, >81. 5
July, 81. 5
Sept.,’81. 5
July, ’81.10
Jan.,’79. 3
July,’81. 5
July,’81. 319
July,’80. 4
July,’81. 5
July,’80. 4
July,’81. 6
July,’81. 5
July,’81. 7
July, ’81. 5
July,’81. 4
July,’81. 5
July.’81. 5
July,’81. 7
July,’81. 5
July,’81. 5
Aug.,’81. 5
Jon.,’81. 3*9
July,’81. 7
Oct., ’81. 4
July, ’81.10
July,’81. 6
July, ’81.10
July,’81. 5
July,’81. 5
July,’81. 5
July,’81. 319
July,’81. 7
July, ’81.6-23
July,’81. 4
Aug.,*80. 3*9
July,’81. 5
July,’81. 5
July,’81. 5
Aug.,’81. 5
32,790
62,005
184,316
167,750
10
July,’81. 5
47,525
5J,932
63,291
165,412
97,722 10
10
10
July,’81.10
23,263
56,991'
117,362
20
40,821
51,735
45 344
481,103; 478,331
20
481,487 20
189,027 10
149,524 11
2,088
July,’81. 5
July,’81. 5
July,’81.10
Aug.,’81. 8
>
I
30,438
33,464
47.829
314,732
10
20
16
20
10
10
10
nonh.
10
44,145
52,307
33,152
51,227
301.073
Burlington & Quincy-
^
V
33,094
55.401'
Ohio-
?878
1878
March. April.
(2.074 to 2,173 m.)., 1,110,989
980,528 1,228,592
(2,178 to 2.361m.).. 1,089,166 1,056,691 1,280,272
(2,301 to 2,586 m.)., 1.200,614 1,070,487 1,373.438
(2,586 to 2,771 m.).. 1,602,907 1,454,218 1,709,638
(437 m.).,
Chicago &
OF
Rap. «fc No.—
Central Pacific-
188?;
1881+
33 941
10
Last Paid.
Jan., ’81,10
EARNINGS
Alabama Great Southern—
10
10
10
16
70,672 11
155,677 7
1,000,000 1,168,071 10
858,171 14
1,000,000
143,137 10
200,000
200.000
375,453 30
200,000
23,131 7
150,000
135,960 12*2
861,796 20
1,000,000
200,000
5,Obi 10
3,0i 0,000 1,758,627 10
176,928 5
500,000
200,000
80,431 10
200,000
19,856 8*2
301,811 10
200,010
150,000
205,767 20
280.000
6,694 5
108,979 14
150,000
200,000
9,680 10
150,000
7,719 10
167,702 13
300,000
300,000
16,183 5
190,417 12
200,000
250,000
94,020 10
200,0-0
23^,414 20
175,631,20
250,000
200,000
29,15040
200,000
It9,088|l3
20(*,000
91,533 10
200,000
169,528 20
37*2
200,000
130,064 10
35
210,(00
341,884 15
100
200,000
98,079 12
100
8,109 5
300,000
50
627,455 12
500,000
25
350,000
103,532 8
25
200,000
402,453 20
100
200,000
113,408 12
20
150,000
213,515 20
50
200,000
109,397 12
Phenix
Relief
..
(Uly, ’81. 3
Nov,’81. 3*2
Jan., ’82. 3*2
May,’81.
Nassau (t)....
National....
N.Y Eq’table
N.Y. Fire....
N.Y. City....
t Figures in this column are of date October 1. 1881, for tlie national
banks, and of date December 17, 1881, for ilie State banks.
J Formerly the Island City Bank.
MONTHLY
.
....
Nov.,’81. 3
Nov.,’31. 3
Jan.,’82. 312
Jan., ’*2. 7
Jan.,’82. 4
Jan.,’82. 5
Aug.,’81. 3*2
Jail., ’82. 4
Jan ’82. 4
8
8
Jan., ’."2. 4
5*2 Nov.,’82. 2*2
July, ’79. 2*2
3
Jan.,’82. 3
7
Jail., ’s2. 3^2
7
6
7
10
Farragut....
..
•
30
50
17
10
100
100
50
50
25
100
15
50
50
100
50
50
100
30
20
40
50
100
25
50
25
100
100
25
50
50
50
50
50
...
Oct*, '81.10
.
70
100
Clinton
Columbia
30
50
Commercial.
Continental t 100
5
7i2 Jan.,’82. 4
7
Nov.,’81. 3*2
8
Oct., ’81. 4
....
153,000
300,000
210,000
250,000
300,000
200,000
40
Eagle
Empire City. 100
3
3
74,945 10
475,908 20
337,016 18
223,169 20
17
5*2
Jan., ’82. 3*2
200,000
200,000
20
t
...
1879. 1880. 1681.
$
582,698 10*2
300 000
—
Dividends.
$
400,000
25
City
5
4
Nov.,’81.
Jan.,’82.
Jan., S2.
Aug.,’81.
7
10
7
& J.
& J.
& J.
& J.
& N.
J.
& J.
& N.
J.
Citizens’
Jan.,’82. 3*2
22,600
200'o00
Broadway...
B ooklyn (|).
Jan.,’82.
Sep., ’81.
Jan., ’82.
Jan.,’82.25
7
15
50
Amer. Exch. LOO
25
Bowery
..
& J.
F. & A.
J. «fc J.
J.
J.
J. & J.
J. & J.
700,000
240,000
300,000
422,700
Q.-F.
2,000,000 1,002.000 J. & J.
30
7
7
8
5*2
J.
747,400 J. & J.
190,30b J. & J.
77,600 J. & J.
1,346,700 J. & J.
ioo;ooo
5
8
4
6
4
4
1881.*
Amount.
Am°rican1...
3^3
.Nov.,’81.
Jan., ’82.
Jan..’82.
Jan.,
July,’76.
500,000 2,914,700 Q-J.
3,200,000 1,303,900 J. & J.
393,200 M. & N.
600,000
910,000 A. & O.
1,000,000
4,400 J. & J.
200,000
750,000
156,100 F. & A.
105,6()0 May.
200,000
110,200 M. & N.
200,000
25,400 M. & N.
200,000
366.100 J. & J.
1,000,000
J.
1,500,000 2,139,900 J.
..
...
936,600
79,800
17,300
250,000
100,000
150,000
.
Warrl*
....
7
7
10
16
& N.
5,000,000 1,647,800
& J.
209,600
250,000
& J.
1,000,000 1,296,700
& J.
7
6*2
217,800
300,000
& J.
8
O b0 0
to
n
517,900
& S.
6
8
191,60®
300,000
6
6
& J.
180,300
450,000
100
300,000 3,517,400 Bi-m’ly. 100
Continental. 100 1,000,000
CornExeh.'. 1001,000,000
East River
7
7
10
16
M.
J.
J.
J.
J.
M.
J.
1,000,000 1,734,300
Surplus,
July 1,
Companies.
-
America*. Ain. Excb.
Net
237,303
1,574,371 1,679, 55 2,033,8024,888, 53 2,173,945 2,262,931 2,031,001
64.572
62,982
65.334!
67.030
83.881
95,437;
75.300
92.975
83.477
114.129,
131,7i7
130,891
128,597
123,931; 1,299,011
647.460
773.173
322.48
676,308
823,722
733.730 1,01.8.800 1,290,740
991,2n i 1,257,678 l.493.021
809,212
1,100.245
716,512 8,451,767
1,000,957 10,012,819
1.172,033
1,397,30.1:13,036,119
83,639
111.800
135,764
120,550!
1» 0,289
784,507
793,665
836,477
793,639
878,439
857,323
871.041 1,131, 45
125,->84
72,491
82.019
131.901
82,603
1.255,887 1,471,545 1.069.143 1,190.271 1,260,460
1,450,303'1,573,422
1.123,894 1,433.365 1.393.037 1.314.231 1,326.95711,716,409; 1,890,073
1,294.573 1.875,60,3 1.07 .177 1.699.(5,3(5 1,707,939 2.020.245 2,105,217
1.474,612 1,87 ,0 16 2.3 10,440 1,933,0 51 2,315,10 4 2.292,070^2.311,097
i November
73,107
153,803
1,037,953,1.02(5.709
1,2-.0,000 1,538,000 1,731,000 1,509.000 1,078,000 1,015,000 1,590,000
+ October and November figures approximate.
1,070,525 14,113,503
1,433.107 14.779,713
1,552,018 20,454,494
56.494
60,315
93,234
60,989
7,687,220
figures approximate.
03,329!
80,023!
810,950
873,458
1,509,000
1,407.240 1,080,S33 14,999,740
1,553,470 1,325,3 5 10,093.373
1.855.6221 1,4 77,902.19,410,009
1,960,200[
1
8
6
0
.
'
101881879 .
RAILROAD
8100977788811180.*
90
MONTHLY
Jan.
r'y
-Wrfe: St. Paul Minn. & Omaha1880
....(68* to 936 m.)..
8080787 11188879...;
_1681..........£0 fl8n fa.)..
Cter. Col. Cin. dc Indianapolis—
,....(301 m.L.
(391 m.)..
(391 m.)..
08009.977788111
193,925
295,456
584,230
373,132
400,133
514,707
548,284
606,198
17.728
27,738
24,209
18,041
19,134
22,032
24,121
82,880
28.184
35,867
26.925
51.450
111,812
129,046
195,556
222,769
220.000
254,000
88,725
115,960
73,906
121,370
88,561
107,350
130,488
160.708
10O,5s8
79,410
113,088
137,640
157,364
154.154
124,284!
154,417j 133,900
77,411
98,421
147.013
159,587
102,129
130,740,
168,520
164,041
139,930
165,444
141,899
137,047
176,079
154,401
127,171
137,038
166,960
122.874
239,202
260,746
319,041
205,883
m.)..
Ill.)..
m.)..
in.)..
(1,220 to 1,257 m.)..
(1,257 to 1,275 m.).\
(1,275 to 1 321 m.)..
(1,321 m.)..
82,952
80,498
90,283
89,900
135,495
161,818
159,543
172,470
112,120
147,320
Louisville Sc Nashville—
164,883
433,212!
16,226'
18,140!
30,225 -
200.735
190,812
80,58
110,185
102,359
83,201
140,214
210.127
177,806
157,278!
205,634 i
178,143!
155,771
158,03-1
191,154
190,866
.
New York Central-
(1,000 m.)..
(l,0i 0 m >.«
is^i
(1.000 m.)..
New York Lake Erie Sc West.—
.(928 m.)..
(928 m.)..
(928 to 1,009 m.)..
(I,r09m.)..
New York Sc New England—
1880
i284 to 316 m.)..
(316 to 394 m.)..
1881*
New York Peun. Sc Ohio(560 m.)..
(560 m.)..
Northern Central-
Northern Pacific-
1881*
369,008
419,246
772,537
817,135
428,992
443,740
827,089
870,102
407,928
455”,699 591,371
527,214
609,578
097,033
931,911 1,000,320
953,086
051,561 1,009,100 *1,073,065
49.441
52,805
75,276
49,092
68,632
80,132
tfO.OOi
16 500
18,414
24,940
35,902
47,732
St. L. Alton
1881*
St. Louis Iron
(71
(71
(71 to 121
(121
1««1*
*
12 479 t‘> 3 350
Approximate figures.
28,014
44 557
1,168,545
119,770
134,427
18 012
22,700
28,671
250.131
22,782
30.001
35,900
34,211
40,631
34,001
38,042
48 734
59,423
05.013
37,995
40,125
71,395
24,975
20,797
21.014;
21 308
41,255
315,948
427,752
290,586
310,628
287,3/3
1,909,973
2,127,497
2,273,623
149,552
185,053
175,996
1,631,681
1.800,878
2,049,448
163,551
145,893
143,257
128,409
128,500
155,460
183,525
124,837
139,524
158,830
164,431
91,833
105,047
144,155
154,049
120,249
142,101
157,503
01,387
168,302
90,3-11
5,355,102
6,007,386
9,491,844
131.250
130,225
280,910
102,740
103,731
117,593
949,185
66,006
125.731
110,494
140,091
115,325
505,843
681,811
35,395
104,734
00,837
19,721
114,970
01,403
71,701
91.609
101,253
100,141
110,191
267,084
121,855
140,593
184,241
204,714
131,621
130,517 *131,009 *159,348 *209,044 *252,921
165,755
183,700
95,670
112,702
1:33,590
151,5041
150,430
123,497
157,363
107,473
129,a59
137,104
57,465
309,694
300,3 6
251,368
*252,434
142,182
109,320
108,317
170.979
'
169,958
249,885
246,820
267,514 I 250,493
360,042
433,538
422,05.
415,364
476,540
455,032
433,520
500,748
420,360
477,776
508,825
474,378
301-.272
368,430
447,270
120,094
102,247
1:33,704
156,889
127,441
138,224
145,585
173,374
153,880
155,012
177.342
l.‘34,955
170,017 209,440
196,123 J 221,438
201,181
200,308
235,910
240,664
*210,439
315,307
419,19:3
4*7,287
324,425
450,298
310,716
453,023
420.837
404.093
413,534
512,917
377,316
459,054
410.811
498,008
429,565
449,604
487,100
130,061
108,744
253,105
123,028
192,324
241,277
401,180
123,13-1
210,927
223,500
41i,62l
134,081
270,893
330,boo
152,140
295,200
210,635
358/450
300,822
490,096
565,485
428,903
317,143
340,644
412,871
471,073
126,931
118,113
195,650:
143,099
173,251
125,208
130,979
131,407
149,603
334,160
328,869
317,5681
415 325
380,130
320,788
452,906
487,272
405,58s
101,483
115,050
185,700
211, i 90
148,070
204,195
217.613
305,202
41,741
44,658
77,259
77,473
57,845
108,975
119,358
159,600
2,396,296*2,162,909
2,499,280
1,258,988,1,157,090 1,445,929 1,338,271 1,473,532
1,230,419 1,273,532 1,450,223 1,492,495 1,713,697
1,061,812:1,580,976 1,606,873 1,786,417 1,899,910
1,794,082! 1,787,081 1.772,895 1,734,200
205,056
129,105
132,802!
175.4201
273,607
330,860
382,657
37,014
219,891:
30*\276
235,642
215,491
259,522
210,856
873,109
408.479
452,692
175,892
179,972
200,040
102.5921
2,996,101
3,840,250
525,410 095,334 991.028 1,280,014 1,498,658 987,721 1,402,792 779.481 1,408,674
957,215
877,867. 1,011,142 1,142,884 1,332,547 1.343,014 1,303,522 1,402,280 1,374,013 1,542,911
,316,089 1.085,162 1,4r>9,3"0 1,496,330 1,457,881 1.308,530 1,282,835 1,531.813 2,089,250 1,746,299
1,330,42; 1,000,568 1,464,864 1,018,802 1,707,295 1,835,725 2,10.0,980 1.045,874 1,989,948
1,683,022
073,980
86,526
71,121
60,775
66,728
75,344
73,859
03,210
05,847
118,220
65,614
60,109
105,837
I’. 4,356
74,846
92,363
138,153
113,774
91,891
105,648
36,404
37,103
33,806
37,778
52.082
38,465
31,730
44,370
52,924
(48,995
51,540
44,000
44,265
43,704
60,032
62,503
254,749
281,920
363,454
299,101
332,166
432,655
(. 33.512
90,9e2
101,711
108,988
1
L3,5l8
70.202
108.494
109,753
140,179
137,880
40,075
48,445
56,218
71,148
35,157
44,204
54,750
64,160
39,013
30,288
41,331
47,028
04,110
375,522
334,029
555,963
3-11,318
570,957
560,701
344,198
353,147
451,560
704,002
283,101
339,161
490,105
318,190
408,241
546/302
270,330
302,041
349,053
479,07.'
09,908
02,878
193,140
262,050
81,529
81,402
170,104
9.3,006
80,019
107,004
88,418
173.607
86,997
126,607
213,297
212,435
85,079
195,948
178,234
205,298
283,399
200,254
230.001
268,057
180,239
137,645
201,797
333,014
281,899
190,349
243,407
405,322
17,661
21,875
50,757
96,936
78.823
198,091
.
44,887
55,476
68,565
82.790
•
254,187
159,482
320,062
425,085
382,642
20.519
24,579
21,712
22,917
28,816
21,262
20,453
20.407
19,420
21,930
20,008
20,351
243.7'v)
219,165
250,339
215,070
312,420
174 177
273,035
978,029
770,790
7 9.451
8! I 017
81 ^ 029
28,005
1
474,302
348,534
*
1,531,204
62,553
729,078
468,195
655,413
056,951
4.514,321
5,292,010
6,205,597
99,723
1,201,052
1,072.437
2,698,371
535,411
056,832
20.251
30.379
31,733
28,751
24,802
51,241
47,976
43,117
266,570
303,666
403,570
312.184
953,468 1,066,742 1 189,478 1.1-8,050 1,50',203
1 1.542 838 • ,492.026 1,396,300
1,181,787
892,025
948,773
153,006
28.125
33,050
38,319
3-',384
50,290
195,711
320,460
220,0713
354,082
032,052
*687,280
30,249
30,172
204.20)
29 205
62,152
226,095
300,675
141,083
267,443
24.120
100,392
291,202
345,057
605,708
280,347
274,188
485,736
1,040,548
101,950 1,417,003
118,588
203,270
290,329
38,239
188,940
232,579
414,951
881,656 12,818,770
1,442,587 15,351,184
72,074
583,983
241,339
272,089
387,488
2,605,296 31.036,734
3,453,925 34,620,277
3,517,828 41,260,108
500,459
505,521
400,819
1.304 ppo 1 131
202.210
225,054
837.117
1.215,693
2,004,555
215,343 2,604,323
48,000
65.500
252,333
62,470
115,0a4
64,751
56,548
63,780
77,982
68,780
591,075
724,713
403,316
071,210
688,365
565,869
044,380 *090,100 *719,239
414,599 ; 4,107,943
494,310 5,050,337
52.460
46,516
115,810
1,718,456
1,749,016
2,064,194
51,254
70.375
100.963
116.099
280,873
270,064
143,240
203,329
181,740
5,267
928,301
100,235
116,682
143,881
110,149
120,375
180,711
259,995
280,373
4,383,
72,962
110,410
81,700
114,229
136,706
121.799
55,216
07,£»9
404,114
473,361
125,634
221,082
328,194
808,569
79,750
22,048
20,969
119.591 1.02 A 1H2 1.144.00’
150.727
116,732
198,108 2*890,302
455,277
.180,215 3.095,014 3,"44,304 3,760,372 3,850,897 3.807,437 3,780,418 3,809,078 3,735,006 3,072,971
68 11-1
2,846,216 29,867,438
2,833,403 33,005,418
242,412
]083,551 2,944,570 3/278,186 3,488,360 3,417,910 3,221,470 3,440;644 8,723,355 3,047,543 3,882,714 3;574;913
216,332
226,063
284,320
170,667 2.540,573
297,640 3,157,744
508,530
292,408
817,003
301,858 2,754,408
357,724
1,050,810 12,428,112
1.399.555
+ The August and September earnings in 1881 are approximate and do not include amounts,
+ A ml 66 miles of canal.
this amount was $1,808 per mouth in 1880. $3,372 in 1879and $5,009 in 1878.
3 Earnings first six months are
900 miles.
1 Including earnings Of Oki > Divi ion, 180 miles additional.
received from interest and dividends;
based on 508 miles—remainder of year on
121,451
101,954
158,033
380,150
m.)..
)
384,982
334,494
m.)..
m.)..
m.)..
in
30,3401
43,7771
1,626,239
1,775,861
1,953,594
2,008,250
149,908
150,870
16-1,917
81,390
113,850
(686 m.)..
(686 m.).
St. Louis Sc San Francisco(327 m.)..
(327 to 492 m.)..
(492to 597 in.)..
1881*
(597 to 643 m.)..
St. Paul Minn. Sc Mnnitobn.—
(563 to 656 m.)..
(656 to 855 in.)..
(855 m.)..
Scioto Valley—
(100 m.i..
(100 m.)..
(100 to 127 m.)..
Texas Sc Pacific1880
(444 to 583 m.)..
1881*
(583 to 900 m.)..
Wabash St. Louis Sc Pacific1880
(’,558 to 2,479 m.)..
87,772
33,997
222,873
218,268
2o3,b54
330,812
m.)..
(686 m.)..
25.271
1,160,743
1,228,079
341,824
496,332
38,433
(686 m.)..
58,026
74,007
106,054
104,619
215,271
m.)..
m.)..
Mt. Sc Southern-
51,9801
7,111,184
7,234,464
8,304,812
170,689
212,869
Sc T. H. Brandies—
c
828,726] 1/ 27,88-j
18,900! 18,013!
23,742:
23,106
149,497
169,457
207,710
173,614
265,002
(195 m.)..
-(195 in.)..
1881*
504,229
970,230
589,312
650,005
873,182
183,8-15
212,010
104,231
189,749
(322 m.)..
(322 m.)..
(322 m.)..
Philadelphia Sc Reading—
1878.”
(800 m.)..
1879
(800 to 892 m.)..
(892 m.)..
1881
(892 m.)..
St. L. Alt. & T. H. Main Line(195 m.;..
(105 m.)..
396,083
563,883
850,862
155,684
96,621
2.920,994
1,381,391 1,205,755 15,134,233
1,515,835 1,398,245 10,509,120
1,797,338 1,726,788 19,489,306
117,935
m.)..
220,488
178,949 228,800
191,921
275,330
170,« 39 *172,001 *190,002 *253,499! *277,295 *308,323
83,761
380,477
382,230 3,205,683
443,105 3,740,996
1,172,961
1.350,574
1,592,544
1,776,89)
142,537
109,894
m.)..
m.)..
m.)..
7160,826
90,583
178,567 2,045,451
253,233 1,997,805
279,035 2,561,391
1,30 i ,018 1,121,411! 1,147,208 1,127,070
1,147,173' 1,207.391 1,350,780 1,372,755
1,200,381; 1,252,218 1,644,958 1,043,151
1,143,437! 1.425,765 1,847,2(51 1,709,057
2,404,71312,293,403
(428 m.)..
(428 m.).
<428 m.)..
(428 in.)..
(+1,716
(+1,716 to 1,806
(+1,806 to 1,820
(+1,844 to 1,504
92,279
107,520
110,732
1,148,024
1.597,445
2,801,835
3,047,541
as0,125
Pennsylvania—
(All lines east of Pittsburg & Erie)—
*748,235
122,406
120,785
110,622! 121,343
117,955 7195,307! 7181,674
as,549
103,438
783,120
117,020
151,112
2,024,81212,210,304 2,474,392 2,214,620 2,211,011 2,022,823 2,194,422 2,540,029 2,922,370 2,898,586
2.503,013 2,317,231 2,854,835 2,782,324 2,540,098 2,653,477; 2,863,316 3,022,855 3,000,627 3,095,198
421,908
m.)..
*813,010 *830,325
808.100
90,821
100,054
800.837
031,343
225,401
324,728
178,266
172,121
294,713
(647
(647 to 722
(722
(722 to 972
025,201
24,233
36,695
156,094
174,245
182,087
152,059
298,647
412,365
(560 mj..
Norfolk & West.—(At.Miss.*\r O.)—
054,840
807,850
880,211
675,889
601,977
732,755
409,468
33 251
(349 m.)..
(349 m.)..
(349 m.)..
630,38(
736,000
568.031
552,706
580,578
573,250
681,736
724,095
*701,354 *7i:,094
432,475
390,080
425,750 j
055,O14i
24 s33
Nashville Chatt. Sc St, Louis(349m.)
408,133
429,804
95,027
187,290
84,406
224,347
426,832
406,505
478,099
186,848
361,513
18,847
250,116
196,237 832,55.
232,122
305,441
289.380
409,36'.
227,679
‘237,060 *305,462 *381,51'.
140,637
43-1,919
421,579
012,593
947,v'5n
115,644
194,486
207,918
193,125
207,147
*201,782
234,001
244,813
254,597
*303,006
20,972
19,805
(528 to 506 in.)..
(506 in.)..
(506 m.)..
136,658 137,453
133,696 214,222
231,100 232,720
134,071
107,560
141,533
170,810 230,735
09,810
179.300
191,317
233,448
224,312
2:38,081
242,214
172,950 #19),040 *198,110 *215,308 *202,507 *213,433
122,443!
147,580!
1 !0 050
31,382
153,959
166,450
115,687;
21,853
21,170
188,790
170,058
204,094
210,768
35,050
92,398
98,205
113,254
Milwaukee Luke 8. Sc West.—
(162 m.)..
(162 to 205 in.)..
(205 to 246 iri.)..
39,078
30.980
76,171
86,648
96,200
83,975
271.992
17,299
-
81,705
85,681 i
95,670i
129,265
111,842
(528 m.)..
349,196 3,478,087
70,402
80,5-10
110,318
(330 m.)..
(330 m.)..
(246 to 260 m.).,
408,562
566,819
100,125
122,280
115,595
229,944
60,259
63,115
1881*
473,033
85,733
102 031
83 979
Mobile & Ohio—
277,727 3,528,711
380,428 3,758,968
348,092 4,440,518
90,874
103,555
87,924
102,252
805,124
336,830
3*824
'40,06;
296,240
■v-
369,647
308,714
24,494
282,4(3
Total.
336,165
'005,686
28.851
33,564
47.519
Dec.
426,629
426,227
168,058
*632,003. *630,870
95.301
575,035
380,733
155,255
535.732
m.)..
1879*...
1880*
1881*
430.038
370,526
113,898
575.461
065,120
(330m.)..
Memphis Sc Charleston—
m.)..
m.)..
342,894
.
$
123,570
158,752
008,527
416,030
:n.)..
*
842,052
146,032
533,838
90,2291
406,583
620,642
Nov.
298,680
304,237
143,07?
138,863 128,570
158,318
105,5511 163,798
247.807, 188,120' 105.329
237,745
325,209 *267,082. *220,300 *227,3:3
402,591!
475,095
417,109
Oct.
303,518
315,044
212.946
491,251
450.476
674.455
816,960
(986 to 973
(973 to 1,107
(1,107 to 1,840
(1,840 to 2,000
1878
113.810
174,528
272,791
*325,035
82,934
(212 in.)..
(212 m.)..
(519 in.)..
(519 to 529 in.).
(529 to 571 m. >..
(571 to 752 m.)..
210,001
176,356
624,659
511,386 536,409
400.921
580,192
532,101
013,806
013,0 8
595,212
*600,472 *492,851 *530.395
...(212 m.)..
International Sc Gt. Northern—
211.899
241,315
362,561
Indiana Bloom. Sc West era-
'
418.407
187,023
:
1881
374,895; 360.174
273,817
312,706
450,186
389,761
175,187
(292 m.)..
(292 in.)..
(292 m.)..
(292m.)..
833,278
413,437
427,8 4
410,905
258.344
267,895
358,820
102.967
135,378
862,186
366,630
209,553
182.444
(318m.)..
300,833
855,182
264,483
319,445
173,791
77,520
118,024
119,886
251,013
885,586
280,866
802,5211
(508 to 900 m.§)..
(508 to 910 m.S)..
109.992
Sept. '
.
267,444
20,665
10,471
Houston Sc Texas Central1878
(501
1879
(501 to 522
(522
1881
(522
Illinois Central-
392,702
12,693
18,779
24,968
*298 to 318 m.)..
*
*
404,562
(87m.)..
i (87m.)..
17,412
25,609
26,939
Aug.
350,124
408,493
12.254
July.
230.995
120,022
317,681
100,888
June.
$
218,093
124,759
307.476
215,645
[Tot. XXXIII-
RAILROADS-(Concluded).
$
232,146
264,426
233,781
Hannibal & St. Joseph-
.
.
349.410
360,076
Flint Sc Fere Marquette—
1879*
,t./
(293 m.)..
1880*
1881* :
*
259,208
261,211
254.232
EnstTTeiin. Va. & Ga.-
'
259,783
251,648
*
(87m.)..
1880....'?.
$
296,769
275,557
.........
1881
1 May.
March. April.
$
183,827 173,078
257,7861 158,594
333,298
PRINCIPAL
317,412
313,970
;
18811
.(391m.)..
Denver Sc Rio Grande(887 to 551m.)..
^... ..(551 to 1,008 m.)..
Des Moines Sc Fort Dodge-
-
Feb.
OF
238,234
1878.
IF!*..
*
EARNINGS
EARNINGS.
@FedFRASER